ETH Is Digital Oil, BTC Is Digital Gold | NYC
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0:01A: And what is ETH?
0:01B: Ethereum. Ethereum is the ledger and ETH is the currency of the ledger. I like to explain to people who don’t kind of like are deep into crypto that it’s like, think about it like the oil in the real economy. Think about ETH, Ether, as sort of the digital oil to power a whole digital economy. And when you explain it to people like that, they start thinking, oh my God, I see what’s happening here. That means the more We put stuff on-chain, the more ETH we’re gonna need. And I go like, yes, kind of exactly the way it works. It’s like a demand-supply thing. So if you really want to think about ETH as a digital oil, if you want to think about BTC as a digital gold, then think about ETH as a digital oil.
0:44A: And how do you --
