This podcast episode explores the vital framework for understanding Ethereum's future, as articulated by Mike Neuder, who prioritizes settlement, data availability, and execution in harnessing Ethereum's potential. Emphasizing the need for robust economic activity driven by Layer 2s, he discusses the significance of property rights, censorship resistance, and the expansion of Ethereum’s ecosystem through rollups. As he navigates the intricacies of achieving property rights parity and the necessity of decentralized sequencers, Neuder underscores the role of Ethereum’s data availability in maintaining strong property rights across Layer 2s. Ultimately, he posits that ETH's evolving role as both a medium of exchange and a store of value will be pivotal in shaping a decentralized internet economy.