#22: @Defi_dad & @Nomaticcap | ETH's path forward, narrative problems, & the user advantage

Today's guests are @DeFi_Dad and @Nomaticcap, co-hosts of The Edge Podcast, authors of The Edge newsletter, and prominent angel investors. We discuss the foundational role of Bitcoin ideology in shaping the crypto industry, why Ethereum is "woefully undervalued," and the gap between crypto narratives and reality in today's market. Plus, where they're placing their angel investment bets in 2025.

Guests:

• DeFi Dad: https://twitter.com/DeFi_Dad

• Nomatic: https://twitter.com/nomaticcap

• The Edge Podcast: https://x.com/edge_pod

• The Edge Newsletter: https://the-edge.xyz

Host:

• Ryan Rodenbaugh: https://twitter.com/ryanrodenbaugh

• Vaults.fyi: https://vaults.fyi

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Show Notes:

[00:00] Intro & Origins

[05:02] Nomatic's Backstory

[10:33] The Bitcoin Foundation

[16:14] Modern Blockchain Philosophy

[24:59] Ethereum Sentiment & Conviction

[31:26] Ethereum's Path Forward

[37:45] The User Advantage

[40:39] Storytelling vs. Reality Problem

[46:39] DeFi Evolution: The Curator Model

[55:20] Portfolio Examples & Strategy

[1:00:40] DeFi Tokens in Top 20 Problem

[1:11:25] Future Bets & Trends

[1:21:21] App Layer Thesis

[1:26:29] Mispriced Opportunities

[1:27:32] Wrap-up & Where to Find Them