Part 12/17:
Lane sharply differentiates Bitcoin's mission—sound, permissionless money—from Ethereum's broader goal of building a programmable platform that contains numerous competing visions.
Bitcoin's mission: separating money and state, offering maximal censorship resistance and decentralized security.
Ethereum's mission: being a flexible but less permissionless platform, embracing fast innovation, social coordination, and more centralized governance.
He criticizes Ethereum for claims like "ultrasound money," which oversimplify to just issuance and burning and miss the deeper issues of governance, distribution, and centralization risk.