How to Value L1s, SBF Arrested & Tokenomics Debate

What this episode covers

This episode of Bell Curve explores the art of valuing L1 ecosystems. Should you look a protocols transaction fees vs inflation, # of developers, applications built on top or something else? We then discuss SBF's arrest, Sushi's fee proposal, the fixed token supply debate, 2023's outlook and more! My favorite segment? The fixed token supply debate - this is about to be a widely contested topic. - - Timestamps: (00:00) Introduction (03:33) Solana’s Outlook and Valuing L1s (13:39) SBF Arrested and Alameda’s Degen Gambling (30:15) Drama at The Block (31:56) “Avalanche Ad” (33:09) Drama at The Block (36:29) Sushi’s Fee Proposal & Fixed Token Supply Debate (46:43) Dividends and Buybacks (56:02) 2023 Outlook (1:03:55) A Gold and Bitcoin Thesis - - Follow Vance: https://twitter.com/pythianism Follow Michael: https://twitter.com/im_manderson Follow Mike: https://twitter.com/MikeIppolito_ Follow Jason: https://twitter.com/JasonYanowitz Follow Bell Curve: https://twitter.com/thebellcurvepod Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH - - Resources: Vance's Tweet thread on the broken alt L1 thesis https://twitter.com/pythianism/status/1600895603512180737 Sushi's protocol fee proposal https://forum.sushi.com/t/reinstated-increase-kanpai-treasury-allocation-to-100/11475 Felix Zulauf https://www.felixzulauf.com/ Jurrien Timmer tweet on BTC and Gold https://twitter.com/timmerfidelity/status/1559997086912942080?lang=en - - Core, from Ava Labs, is more than just a wallet. It’s a free, non-custodial browser extension that gives Avalanche users a more seamless and secure Web3 experience. Download Core today at https://www.core.app/ - - Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

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Frequently Asked Questions

How long is this episode of Bell Curve?

This episode is 1 hour and 11 minutes long.

When was this Bell Curve episode published?

This episode was published on December 16, 2022.

What is this episode about?

This episode of Bell Curve explores the art of valuing L1 ecosystems. Should you look a protocols transaction fees vs inflation, # of developers, applications built on top or something else? We then discuss SBF's arrest, Sushi's fee proposal, the...

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