Valuing decentralized networks such as Bitcoin, Ethereum, and Solana is tricky. In this episode, Jon Charbonneau breaks down the key factors that determine the value of blockchain networks and how Lay...

Valuing decentralized networks such as Bitcoin, Ethereum, and Solana is tricky. In this episode, Jon Charbonneau breaks down the key factors that determine the value of blockchain networks and how Layer 2s impact these valuations.
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👉  https://unchainedcrypto.com/podcast/whats-a-fair-value-for-crypto-networks-like-btc-eth-and-sol/ 👈

How do you determine the value of decentralized networks like Bitcoin, Ethereum, or Solana? It’s not as straightforward as traditional investments.

Jon Charbonneau, general partner at crypto investment firm DBA, joins Unchained after writing a paper that dives deep into the complexities of valuing blockchain networks. He explains why applying traditional equity models to networks such as Bitcoin falls short, how tax inefficiencies in staking rewards impact valuations, and whether Layer 2 solutions like Optimism and Arbitrum are helping or hurting the long-term value of Layer 1 blockchains.
Also, he looks at the big question—are these networks sustainable in the long run?

Show highlights:

🔹  What motivated Jon to write the paper
🔹  What the main points of the paper are
🔹  Why tax inefficiencies in staking rewards are a critical factor in valuing decentralized networks and how they differ from traditional corporate taxes
🔹  What makes valuing networks tricky, as Jon explains how proof-of-work vs. proof-of-stake systems differ from traditional equity models
🔹  How he thinks about valuing Layer 2s and whether they are parasitic to the L1
🔹  Whether blockchains are sustainable in the long term

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!
➡️    Polkadot https://polkadot.network/ecosystem/community/
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Guest
⭐️Jon Charbonneau, co-founder and General Partner at DBA

Timestamps: 
00:00 Intro
01:25 What sparked Jon's interest in this topic?
03:35 Key takeaways from the paper
08:30 How staking taxes could change the game
13:46 Why traditional models fail for blockchain
20:10 Are Layer 2s helping or hurting Layer 1s?
26:51 Can blockchains survive long term?
29:20 News Recap

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Youtube

What's a Fair Value for Crypto Networks Like BTC, ETH and SOL?

评估诸如比特币、以太坊和Solana等去中心化网络的价值是一个棘手的问题。在这一集中,Jon Charbonneau分析了决定区块链网络价值的关键因素,以及Lay如何...

以下是文章的简体中文翻译:

评估比特币、以太坊和Solana等去中心化网络的价值是一个棘手的问题。在这一集中,Jon Charbonneau分析了决定区块链网络价值的关键因素,以及Layer 2如何影响这些估值。

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👉  https://unchainedcrypto.com/podcast/whats-a-fair-value-for-crypto-networks-like-btc-eth-and-sol/ 👈

如何确定比特币、以太坊或Solana等去中心化网络的价值?这不像传统投资那么简单。

加密投资公司DBA的普通合伙人Jon Charbonneau加入了Unchained,他撰写了一篇论文,深入探讨了评估区块链网络的复杂性。他解释了为什么将传统股权模型应用于比特币等网络存在缺陷,质押奖励的税收效率如何影响估值,以及Layer 2解决方案如Optimism和Arbitrum是否有助于或损害Layer 1区块链的长期价值。

他还探讨了一个关键问题 - 这些网络是否能够长期可持续?

BTC、 ETH和SOL等加密网络的公平价值是多少？

来源：留学生大叔
2022 年，西班牙一位名叫迈克尔（Michael）的男子被一个难题困扰着。
早在 2013 年，他以 5300 美元的总价购买了那会儿还没有大火的比特币，一共购买了 43 枚。
随后他把这些币存进了电子钱包，为了防盗，他用一个密码软件生成了一串长达 20 位数的随机密码。
迈克尔担心用同样的软件保存这个密码不够安全，要是被黑客破译了或者电脑丢失了，那么对方能按图索骥找到密码，取...

老哥 11 年前买了几十个比特币，密码丢失后黑客千辛万苦帮忙拿回！过程也太曲折了...

Swell 宣布改变发展战略,从 Polygon CDK 转移到 OP Stack 来建立自己的 Layer-2 <Staking>。
Swell "改变方向"选择 OP Stack 而不是 Polygon CDK 来开发 Layer-2。

Swell“转身”选择OP Stack代替Polygon CDK开发Layer-2

贝莱德的IBIT在周二创下了超过6.29亿美元的单日流入量,这家资产管理公司的资产接近历史高点,这是在下周美国大选之前。
<AR>必须翻译为<AR>。