In this episode Erik is joined by Ryan Sean Adams (@RyanSAdams) of Mythos Capital and Dan Zuller (@danzuller) of Vision Hill Advisors.They talk about their backgrounds, how they became interested in crypto, and how that has informed what they are doing now with their companies in the space. Ryan explains why he’s structured Mythos as a holding company rather than a hedge fund or venture fund. Dan talks about how to bridge traditional finance and crypto and takes us through the current “money stack” that is worth an estimated 80-90 trillion dollars. Ryan talks about what he calls “maximalist hubris” and why he believes both Ethereum and Bitcoin can co-exist and both have massive upside. He explains why he believes that Ethereum is about 30% finished, Bitcoin is about 80% finished, and why in judging their probabilities of success, one should look at the finished end state and discount from there based on the probability of executing.They also talk about Web3 and why digital scarcity is the key innovation contained within it. They explain why people tend to overestimate the extent to which Web3 will disrupt Web 2.0 and why Web3 will instead disrupt the industries and companies that weren’t disrupted by Web 2.0 in the first place.The three discuss why one should think about work or utility tokens as analogous to taxicab medallions, which are similar to money — but that no coffee shop in NYC would accept in exchange for a coffee.They also talk about what other protocols still have a chance to be the “winning money,” tokenized securities, and the potential drawbacks of stablecoins. Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.