What are the best investing opportunities in Tech for 2025?

Elad Gil is one of silicon valley's legendary investors. He's backed 40 unicorns including Airbnb, Coinbase, Figma and Stripe to name a few. He's super active in AI and hosts the no priors podcast which is like Bankless but for AI.

In this conversation, Elad explores the state of AI and how the industry is evolving, what he thinks about Crypto. and why he’s bullish on Tech in general given the new United States political administration.

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TIMESTAMPS

0:00 Intro
3:07 AI in 2024
5:26 The Future of AI
9:40 Where are we on the S Curve?
14:43 AI vs Other Tech Revolutions
17:27 Are we in a Bubble?
21:04 Evolution of AI
26:11 AI x Crypto
31:17 Centralized vs Decentralized AI
34:51 AI Agents
39:37 Doomsday Scenario
42:12 Raw Crypto
47:25 Order of Trends
50:03 Silicon Valley on Crypto
53:11Crypto Founders vs Tech Founders
56:25 Politics & Tech
1:09:33 Advice for 2025
1:12:10 Closing & Disclaimers

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RESOURCES

Elad Gil
x.com/eladgil

Elad Gil Website
eladgil.com/

No Priors Podcast
www.youtube.com/@NoPriorsPodcast

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

What is Ethereum’s North Star, and does it even need one?

There has been angst in the Ethereum community, growing over the last year, as Ethereum has become squeezed by its competition. Bitcoin’s story as money is growing in mainstream society. Solana has captured the hot ball of money in crypto. And Celestia’s data availability continues to progress at a faster rate than what is found at home in Ethereum.

This is Ethereum’s Three-Front War, a topic we covered in a recent episode with Justin Drake. And today we‘re joined by Jon Charbonneau and Mike Ippolito to contextualize and diagnose what Ethereum needs in order to thrive in this competitive landscape.

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TIMESTAMPS

0:00 Intro
3:12 Jon’s Article
14:00 How did we get here?
20:28 Ethereum’s Three Front War
40:16 Ethereum Wins by its Synergies
47:56 Ethereum’s Focus
57:02 Ethereum Tactical Advice
1:13:32 Ultra Sound Money vs World Computer
1:25:30 Closing & Disclaimers

------
RESOURCES

Mike Ippolito
x.com/mikeippolito

Jon
x.com/jon_charb

Jon’s Article
dba.xyz/ethereums-north-star/

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

Is the Beam Chain the endgame for Ethereum?

At Devcon, Justin Drake presented what he called his most ambitious proposal to date! Beam Chain, a roadmap which fell very flat in public discourse.

In this episode we fill the gaps of this reaction and we discuss the rise of Credible Competition to the three major components of Ethereum Roadmap. Execution, which competes with Solana, Data Availability which competes with Celestia and Consensus, which competes with Bitcoin.

So what’s Ethereum’s strategy for winning this Three Front War against three legitimate competitors? Stay tuned!

------
TIMESTAMPS

0:00 Intro
2:05 Beam Chain Reactions
7:19 Is Ethereum Ossifying
15:43 Ethereum’s Three Front War
24:39 Bitcoin Utility Prosprects
30:56 The Endgame for Crypto
45:04 Beam Chain 101
50:28 Beam Fork Aftermath
55:59 Pre-Confirmations
1:01:15 L1 Execution Layer
1:08:55 Rollup Design Space
1:22:28 Ethereum’s Midgame
1:28:45 Ethereum 3.0?
1:30:12 Closing & Disclaimers

------
RESOURCES

Justin Drake
x.com/drakefjustin

Beam Chain Announcement
youtu.be/rGE_RDumZGg?t=7001

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

Matt Cutler is the founder of Blocknative and the combination of a fantastic storyteller and a fantastic data analyst.

Blocknative is not his first company, It’s his fifth. Matt’s first company was an internet company that he started in the 90s well before the dot com boom and he founded a company in every major internet era since.

In today’s Bankless Summit talk, we hear from Matt’s experience and wisdom so we can learn how the rise of blockchain technology contrasts with the rise of the Internet and why we are here in the first place.

------
TIMESTAMPS

0:00 Intro
2:43 Internet Early Days
9:29 The Rise of Blockchains
16:54 Why Are We Here?
21:26 Gas Network
24:58 Fix the World
26:50 Questions

------
RESOURCES

Matt Cutler
x.com/mcutler


Presentation Slides
docs.google.com/presentation/d/1YvfS-akFgE_tOPr-lAalyeztMtP94L4r/edit#slide=id.p1

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

Arjun gives one of the best non-technical talks at the Bankless Summit that everyone in crypto needs to hear. Do you know why you’re here? Arjun explains the first principle concept of Crypto-Anarchism.

------
RESOURCES

Arjun Bhuptani
x.com/arjunbhuptani

Presentation Slides
docs.google.com/presentation/d/1rwqPdrljsFpZvGCxwEwkYpCAX7mFlGS4/edit?usp=sharing&ouid=118091317616904257032&rtpof=true&sd=true

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

For the Bankless Summit’s inaugural episode, Justin Drake shares his reflection on the Beamchain talk he gave earlier in the week at Devcon Bangkok. Additionally, Justin adds some much needed context and important (and very bullish) facets to the Ethereum Roadmap from his perspective.

------
TIMESTAMPS

0:00 Intro
2:07 5-Year Ethereum Roadmap
5:02 Part 1 - Execution
12:59 Part 2 - Data
18:27 Part 3 - Consensus
25:52 Audience Questions
31:23 Closing

------
RESOURCES

Justin Drake
x.com/drakefjustin

Presentation Slides
docs.google.com/presentation/d/1Yvzh5q2jjlcW_g95s-7E4Gk5ZL-scM3l/edit#slide=id.p5

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

Gary Gensler’s reign of terror is over. It’s ATH week. With a sweeping Republican win and Trump’s declaration of a ‘Golden Age of America,’ the U.S. election results have reshaped the crypto landscape overnight. Join us as we dive into the Polymarket effect on election night coverage, analyze the election’s impact on key crypto legislation, and explore the post-election market surge. We cover price action, pro-crypto shifts in Congress, and big players like Elon Musk and Michael Saylor making moves. Plus, is the DeFi Renaissance here? Tune in for an in-depth look at what this political shift means for the future of crypto. ------ TIMESTAMPS & RESOURCES 00:00 The New President polymarket.com/elections x.com/Reuters/status/1854093869664837997 www.perplexity.ai/elections/2024-11-05/us/senate 11:29 Polymarket’s Big Win x.com/llamaonthebrink/status/1854017757588705432?s=43&t=2ZINVXJQKx6xO_6Wiiu_2g x.com/shayne_coplan/status/1854045045806023002 x.com/Polymarket/status/1854248877798674529 17:26 Markets x.com/quintenfrancois/status/1853336478476050503?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g imgur.com/J9TUNmR 24:04 ETF Updates x.com/matthew_sigel/status/1853463874772643926?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g x.com/EricBalchunas/status/1854281747082477696 27:43 Post Election Winners www.coingecko.com/ 29:37 DeFi Renaissance unchainedcrypto.com/defi-tokens-jump-on-hopes-that-trump-will-provide-crypto-regulatory-clarity/ x.com/ethena_labs/status/1854295616907862150?s=46&t=bg7XEx0DtAdxgT9lGVWZ6w 34:48 Fed Watch www.cnn.com/business/live-news/fed-meeting-november-11-07-24/index.html 36:23 $42 Billion Dollar Bitcoin Bid? x.com/saylor/status/1851718391889043954 39:02 Global Dollar Network x.com/global_dollar/status/1853558740957405362 41:57 UBS Launches Fund on Ethereum www.ubs.com/global/en/media/display-page-ndp/en-20241101-first-tokenized-investment-fund.html 43:48 Base Fault Proofs x.com/base/status/1851672364439814529 x.com/l2beat/status/1853429669204230230 44:55 Roman Storm Trial Delayed www.coindesk.com/policy/2024/11/01/tornado-cash-developer-roman-storms-trial-pushed-to-april/ x.com/RyanSAdams/status/1853440809644802159 45:24 Devcon lu.ma/0bpju5ic 48:15 Permissionless IV x.com/Permissionless/status/1854542280301892074 x.com/BanklessHQ/status/1853426117157245208 ------ Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures ⁠

Alex Thorn, Head of Research at Galaxy Digital, joins us to unpack the impact of last night’s sweeping Republican victory on the crypto landscape.
We dive into record-breaking price action, potential shifts in crypto legislation, and the role Polymarket played in election coverage. Tune in for insights on what lies ahead for crypto in this new political climate.

Alex on X - x.com/intangiblecoins

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

This week, a record-breaking billion-dollar crypto acquisition has caught mainstream attention, highlighting its significance for the stablecoin market’s future. Kraken joined the Layer 2 race, while Worldcoin launched its own L2, WorldChain, and Scroll’s airdrop received mixed reactions from recipients. Meanwhile, Paul Tudor Jones is bullish on crypto as a hedge, while Michael Saylor stirred controversy by criticizing self-custody, calling it a move for “losers.” ------ TIMESTAMPS & RESOURCES 00:00 Start 01:02 Markets pro.kraken.com/app/trade/btc-usd pro.kraken.com/app/trade/eth-usd x.com/DegenerateNews/status/1849120571222536262 www.coingecko.com/en/global-charts 05:01 L2 Updates l2beat.com/scaling/summary x.com/lukeyoungblood/status/1849217477668171831?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g x.com/lukeyoungblood/status/1849217477668171831?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 06:48 Paul Tudor Jones Bullish Bitcoin x.com/WatcherGuru/status/1848735063615152136 09:25 Election Check In polymarket.com/elections x.com/Polymarket/status/1849451658788384797 11:38 Kraken’s New L2 x.com/inkonchain/status/1849443457883885801 inkonchain.com/en-US 15:35 Stripe’s $1 Billion Dollar Bet x.com/Stablecoin/status/1848390849215730100 x.com/zcabrams/status/1848391342524641533 x.com/benhoneill/status/1848390493425504388 x.com/cburniske/status/1848108613631390155 18:36 Michael Saylor Against Self Custody? x.com/AdamSimecka/status/1848131598044074289 x.com/Sina_21st/status/1848450657205789161 x.com/ErikVoorhees/status/1848754319019151873 x.com/VitalikButerin/status/1848876323026178429 x.com/ercwl/status/1848737997463695827 25:11 Balance on CEX’s x.com/leonwaidmann/status/1848780740969795917?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 27:21 Uniswap Integrated Across x.com/AcrossProtocol/status/1849106135443202069 x.com/danrobinson/status/1849142590131904650 x.com/TrustlessState/status/1849182167748022600 30:31 Scroll Airdrop scroll.io/blog/introducing-scrolls-first-airdrop-a-celebration-of-the-global-community claim.scroll.io/ x.com/Andrey_10gwei/status/1848441546645135672 x.com/redhairshanks86/status/1848653068554166339 33:55 Ethereum Blobs x.com/Data_Always/status/1848789160888332340 37:29 WorldCoin launches ‘World Chain’ L2 world.org/blog/announcements/world-chain-now-open-every-human 43:29 Central Bankers papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877 www.minneapolisfed.org/research/working-papers/unique-implementation-of-permanent-primary-deficits 46:54 Buenos Aires Issues Decentralized ID’s zksync.mirror.xyz/kWRhD81C7il4YWGrkDplfhIZcmViisRe3lnsmbvOEmg 51:02 Nigeria Drops Charges www.bloomberg.com/news/articles/2024-10-23/nigerian-court-releases-binance-executive-jailed-since-february 57:44 Meme Of The Week  x.com/TrustlessState/status/1849206541255389459  ------ Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures⁠ 

Omid Malekan, an adjunct professor at Columbia Business School and author of multiple books on crypto joins us. Omid shares his insights on the evolution of blockchain, the concept of digital scarcity, and the future of decentralized finance. Drawing from his experiences in both traditional finance, his teachings, and the crypto industry. Omid also discusses how blockchain offers a fundamentally new way to build trust and redefine property rights in the digital world and his best arguments for why ETH > SOL.

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🎬 DEBRIEF | Ryan & David unpacking the episode:
www.bankless.com/debrief-omid-malekan

------
TIMESTAMPS

0:00 Intro
3:22 Omid Malekan’s Crypto Background
7:00 Transitioning from TradFi to Crypto
12:21 Explaining Blockchain to Crypto Newcomers
18:41 The Fear in Crypto Transactions
22:23 Blockchain as a New Financial Architecture
25:37 What New Crypto Users Get Wrong
29:36 Not All Blockchains Are Equal
32:49 Understanding Decentralization and Security
39:19 Lessons from Traditional Finance
44:06 Modular Design in Blockchain Systems
46:51 Counterexamples in Blockchain Systems
57:30 Envisioning Crypto's Endgame
1:00:09 Evaluating Ethereum's Current Direction
1:16:24 Opportunities for High-Quality Liquid Assets
1:19:34 Ether as the Money of the Internet
1:32:51 Settlement Assurances & the Future of Ether
1:40:03 Crypto Cycles and Future Gains
1:41:25 Own Podcast?
1:42:18 Closing & Disclaimers

------
RESOURCES

Omid Malekan
x.com/malekanoms

Omid's Books
www.amazon.com/Re-Architecting-Trust-History-Markets-Platforms/dp/1732027331
www.amazon.com/Story-Blockchain-Beginners-Technology-Understands/dp/1732027307

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

Unichain Is Here! Joining us today is Hayden Adams of Uniswap and Karl Floersch of Optimism to explain the exciting new release and vision for the future of Ethereum and appchains.

------
TIMESTAMPS
00:00 Start
03:13 Announcing Unichain!
09:13 How Will Unichain Work?
14:43 Superchain And Interoperability
17:01 Superchain Enhancements
23:35 Unichain User Experience
28:06 What About Other Superchains?
36:12 Unfragmenting The Fragmentation
39:15 Coordinating All Of Ethereum
44:24 UNI Token
48:04 Should DeFi Live On L1?
53:14 What Success Looks Like
56:31 The Path To Superchain
58:35 Release Dates

------
RESOURCES
Unichain: unichain.org/ 

Hayden: x.com/haydenzadams 

Karl: x.com/karl_dot_tech 

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠ 

The Fed just cut rates by 50 basis points for the first time since the pandemic, how is the market reacting, should we be excited? Trump revealed new details about World Liberty Financial. We’ll break down why they’re building it, who’s involved, and what’s going on with the token. We also have a Tale of Two Chains: Bitcoiners watching Trump buy a burger with Bitcoin in NYC, while Ethereans premiere an Ethereum documentary down the street. ------ TIMESTAMPS & RESOURCES 00:00 Start 02:36 Markets x.com/ledgerstatus/status/1835473538028814667 06:09 RSA Finally Cracks x.com/RyanSAdams/status/1836779556998459436 08:44 Total MKT Cap www.coingecko.com/en/global-charts 08:58 L2 Update www.growthepie.xyz/fundamentals/transaction-count 11:25 Fed Rate Cuts x.com/SpecialSitsNews/status/1835699786785136703 www.cnbc.com/2024/09/18/fed-cuts-rates-september-2024-.html 16:46 Cut Reactions x.com/TimDuy/status/1836154346045870391 x.com/coinbase/status/1836470341063053572 x.com/RyanSAdams/status/1836795960321585388 www.coindesk.com/business/2024/09/18/arthur-hayes-if-they-go-50-that-will-be-a-nuclear-catastrophe-for-financial-markets/ x.com/intocryptoverse/status/1836471892674302430?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g x.com/Jamie1Coutts/status/1836192104722370930 www.tradingview.com/chart/1RYLG2gC/?symbol=NASDAQ%3AQQQ youtu.be/b6O-lHr-D0s?si=7uiJPAxPibmCTLsz 23:08 Trump’s Liberty Financial x.com/EricTrump/status/1834322630721122521 x.com/worldlibertyfi/status/1835748701534404945 x.com/alexandergrieve/status/1836006655223275904 28:11 Takes On The Project x.com/iamDCinvestor/status/1836006290125987860 x.com/worldlibertyfi/status/1835300402163503260?s=46&t=dmRhP54bJmHi0Ppb8BT30Q 30:47 Trump Pays With Bitcoin x.com/WatcherGuru/status/1836510214482284545 x.com/crypto_condom/status/1836512092503077146 32:44 Vitalik Film Premiere ethereumfilm.xyz/streaming x.com/EthereumFilm/status/1828192695095042429 x.com/TrustlessState/status/1836737714223210638 x.com/dimabuterin/status/1836701356565922006 x.com/ViktorBunin/status/1836556640734085478 x.com/jessepollak/status/1836607456497275028 x.com/jessepollak/status/1836607456497275028 x.com/EthereumFilm/status/1835973354995499061 37:41 SEC Sues Rari? www.sec.gov/newsroom/press-releases/2024-138 x.com/dcfgod/status/1836488126744924299 39:08 The Flyfish Case www.sec.gov/files/litigation/admin/2024/33-11305.pdf x.com/HesterPeirce/status/1835757603860681141 x.com/FinancialCmte/status/1836124400695021654 x.com/RepFrenchHill/status/1836420981310542092?t=KbWMCpEacfkVWgSADJSgQg&s=19 44:29 Token 2049 x.com/justinsuntron/status/1836330985706918253 unchainedcrypto.com/buterin-at-token2049-were-not-early-to-crypto-but-were-early-to-crypto-being-usable/ 47:24 New Zora App x.com/RyanSAdams/status/1836399083482742814 50:07 New Fastest Rollup x.com/atlasxyz/status/1833880969251524973 51:27 Permissionless Party lu.ma/yj5pdeqe Bankless listeners - 10% off tickets with BANKLESS10 Bankless citizens - 30% off tickets with link: bankless.cc/PermissionlessDiscount 53:14 Moment Of Zen www.youtube.com/watch?v=71DtEk1cFdg ------ Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures⁠

That’s right, Bankless Nation, BlackRock on the podcast today.

BlackRock is the world’s largest asset manager, a company that manages over $10 trillion dollars in assets around the world, to put it in perspective, that’s 5 times the crypto market cap. Let’s just say what they do has ripple effects in global markets.

But here at Bankless we wanted to figure out what they’re doing in crypto. That’s why we brought Robbie Mitchnick, BlackRock’s Head of Digital Assets.

We explore Crypto narratives in TradFi, how they measure the risk profile of Crypto, their plans for the future of ETFs, Tokenization and even DeFi.

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TIMESTAMPS

0:00 Intro
2:49 What is BlackRock?
4:36 BlackRock’s Crypto Arc
11:54 Digital Assets Team
14:14 BlackRock Bitcoin ETF
17:46 Investor Education
20:01 Narratives
22:11 Risk Management
31:17 Regulatory Environment
34:18 The Future of ETFs
38:21 Tokenization
46:50 What Needs to be Built
50:16 The State of DeFi
52:53 BlackRock’s Crypto Mission
56:34 Closing & Disclaimers

------
RESOURCES

Robbie
x.com/robbiemitchnick

Blackrock
x.com/BlackRock

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

This week in crypto, the Trump vs. Harris debate sparked chatter, but did the markets react? DeFi had its first U.S. congressional hearing—how’d it go? Friend.tech burned its keys—abandoning for good? ENS integrated with PayPal and Venmo, while Coinbase launched cbBTC, and Sony might release a stablecoin. Plus, did we see “war mode” Vitalik this week? ------ TIMESTAMPS & RESOURCES 0:00 Intro 5:21 Markets farside.co.uk/?p=1518 x.com/biancoresearch/status/1832806811088638440 x.com/matt_hougan/status/1833149076722081906 www.cbsnews.com/news/inflation-cpi-fed-readies-to-cut-rates-next-week/ www.tradingview.c om/symbols/FRED-WALCL/ x.com/sonyasunkim/status/1832114732326957274 15:18 House lawmakers ended up divided in 1st Congressional DeFi hearing financialservices.house.gov/news/documentsingle.aspx?DocumentID=409354 x.com/fund_defi/status/1833556632027955694 x.com/coinage_media/status/1833593592373243915 x.com/NeerajKA/status/1833530974212387228 x.com/rohangrey/status/1833543531228762323 x.com/jchervinsky/status/1833557017023459526 24:45 The Debate - they didn’t mention crypto! x.com/CNN/status/1833703753179857334 x.com/erikvoorhees/status/1833705605045051850 polymarket.com/event/who-will-win-the-debate-according-to-polls polymarket.com/event/presidential-election-winner-2024?tid=1726028429396 x.com/shayne_coplan/status/1833127734844789106 x.com/Polymarket/status/1833679653191512442 www.theblock.co/post/315808/presidential-debate-risk-off-crypto x.com/MikeIppolito_/status/1833874331539034448 32:43 War mode vitalik? If its not stage 2, its not a rollup x.com/vitalikbuterin/status/1834061075970683367 34:55 zkSync Stage 1? & New CMO? blog.zknation.io/zksync-governance-system/ x.com/the_matter_labs/status/1833894141052494218 38:35 Sony Stable Yen x.com/delzennejc/status/1833243834563650038 39:15 Friend.Tech team renounces control of smart contracts x.com/friendtech/status/1832581118165709140 x.com/functi0nZer0/status/1833178200685318213 x.com/MacroMate8/status/1833393620407488542 x.com/friendtech/status/1833259362711986335 43:00 EigenLayer announced Season 2 Stakedrop! blog.eigenfoundation.org/season-2-stakedrop/ 44:49 ENS was integrated with PayPal and Venmo! x.com/ensdomains/status/1833536140529570039 x.com/brantlymillegan/status/1833568986547818820? 46:10 Coinbase Bitcoin - cbBTC released! x.com/coinbase/status/1834208544247144949 x.com/jessepollak/status/1833603913888764064?s=46&t=2ZINVXJQKx6xO_6Wiiu_2gb 50:58 David Fighting at Permissionless 53:55 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures⁠

Today on a special in-person recording of Bankless we welcome special guest and best selling author, Yuval Noah Harari. Yuval is best known for his book Sapiens, and today, he is introducing ideas from his next book Nexus. 

We go deep down the history rabbit hole and explore the question, if human beings are so wise, why are we so self destructive?

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TIMESTAMPS
00:00:00 Start
00:06:11 The World of Information Networks
00:09:03 Truth vs Information
00:19:33 Tribal Consequences
00:23:09 Naive View Of Information
00:32:31 Populist View Of Information
00:42:58 Inventing New Mechanisms
00:51:37 A Brief History Of Information Networks
00:56:47 The Most Successful Story Ever Told
01:00:57 Story vs Information Network
01:08:13 Story Of Debt Clay Tablets
01:10:37 Entering the Age Of AI
01:16:35 Self Correcting Mechanisms
01:21:19 The Potential Of Crypto

------
RESOURCES

Yuval: www.ynharari.com/ 

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

When is this all going to reverse?

That’s the question we asked Benjamin Cowen, YouTuber, Founder of Into The CryptoVerse and famous chart maximalist who does some fantastic technical analysis.

The main goal of this pod is to understand if we're currently going through Ethereum’s bottom but we also cover:


Are crypto 4 year cycles dead?
What’s next for ETH/BTC?
How’s Ben positioning his portfolio for what’s coming?

Except to learn that and much more.

------
TIMESTAMPS

0:00 Intro
2:30 Where Are We?
4:40 4 Year Cycles
19:48 ETH/BTC Ratio
26:24 ETH Price Analysis
34:51 Blue Chips vs Altcoins
50:52 ETH/BTC Final Equilibrium
56:31 Idiosyncratic Events
1:08:54 The Flippening
1:11:43 The Bull Market
1:16:19 2026
1:20:21 Presidential Election
1:22:51 Ben’s Portfolio
1:27:28 Closing Thoughts

------
RESOURCES

Into The CryptoVerse - Get 10% Off
intothecryptoverse.com/ref/bankless/

Ben Cowen
x.com/intocryptoverse

Ben Cowen on YouTube
www.youtube.com/channel/UCRvqjQPSeaWn-uEx-w0XOIg

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

Why does Bitcoin sucks and is inferior to Gold?

Peter Schiff is a financial commentator and economist that is relentlessly bullish on gold and a famous skeptic of bitcoin and cryptocurrencies.

He covers a ton of ground in this podcast, from what money really is, why gold can't be disrupted as the ultimate store of value, why we should abolish the Federal Reserve and principles to grow your wealth.

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TIMESTAMPS

0:00 Intro
4:19 What is Money?
12:16 Why is Gold the Apex Money?
25:10 Gold vs. Bitcoin Custody
33:38 Gold in The Internet Age
40:19 Gold as a Productive Asset
46:41 Gold vs. Bitcoin Demographics
49:27 Can Gold be Disrupted?
1:00:09 Should we Abolish The Federal Reserve?
1:09:21 Is the Stock Market Overpriced?
1:15:58 Principles to Grow Wealth
1:21:19 Steelmanning Crypto
1:32:05 Closing & Disclaimers

------
RESOURCES

Peter Schiff
x.com/PeterSchiff

Peter Schiff Youtube
www.youtube.com/@peterschiff

SchiffGold
www.schiffgold.com/

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

U.S. Senator Cynthia Lummis is a leading Bitcoin advocate in Congress who recently introduced her proposal, "the Bitcoin Act," which seeks to create a strategic Bitcoin reserve for the United States of America. In today's episode, we explore how the bill could address the $35 trillion debt, the conversion of gold certificates to Bitcoin, and its economic implications.

------
TIMESTAMPS

0:00 Intro
6:40 The Bitcoin Act
10:01 Gold to Digital Gold
15:01 U.S. Strategic Reserves
18:00 U.S. Discretion in Selling Forfeited Bitcoin
20:44 Is Bitcoin Ready for Federal Reserve Backing?
23:24 Bitcoin Adoption to Tackle U.S. Debt
28:17 Bitcoin's Potential Impact
33:15 Being First in Bitcoin Strategic Reserves
39:22 Pros vs. Cons of Bitcoin Strategic Reserves
49:08 Bipartisan Prospects and Democratic Silence
53:52 Conservative Support vs. Liberal Adoption
56:30 Trump vs. Harris on Crypto Legislation

------
RESOURCES

Senator Cynthia Lummis
x.com/SenLummis

The Bitcoin Act
www.lummis.senate.gov/press-releases/lummis-introduces-strategic-bitcoin-reserve-legislation/
www.lummis.senate.gov/wp-content/uploads/BITCOIN-Act-FINAL.pdf

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures ⁠

In a galaxy far, far away, the Crypto Wars rage on. The Ethereum ETF, once thought to be a mere myth, rises with a vengeance. Betrayed by the centralized powers and left for dead, it returns stronger than ever, determined to reclaim its place in the crypto universe. Witness the epic clash between the Ethereum ETF and the forces of centralization, as alliances are tested and the fate of the blockchain hangs in the balance. Will the decentralized revolution triumph, or will the dark side of regulation prevail? Join the battle and find out in Crypto Wars: Revenge of the ETF.

Is the U.S going to be ok?

Mike Solana (no relation to Solana the chain, that’s his name),is the editor-in-chief of Pirate Wires and the guy who broke the Trump Memecoin news.

We brought him on the show today to try to make sense of the current state of politics in the face of the upcoming election, and what it all of this means for crypto

Expect to learn why tech has pivoted right, why democrats are cracking down on crypto, why media in 2024 is fundamentally broken and much more.

------
TIMESTAMPS

0:00 Intro
4:13 $DJT Memecoin
13:39 Crypto Politics
26:43 Mike’s Perspective on Crypto
31:16 Memetic Wars
35:01 Growth vs Degrowth
40:25 Information Wars
48:22 Social Media
56:39 Being Terminally Online
1:09:05 Media in 2024
1:21:17 2024 Election
1:26:02 Closing & Disclaimers

------
RESOURCES

Mike Solana
x.com/micsolana

Pirate Wires Daily
get.piratewires.com/pw/daily

Bankless Friday Weekly Rollup First Week of July ------ TIMESTAMPS & RESOURCES 00:00:00 Happy 4th Of July 00:08:04 Markets pro.kraken.com/app/trade/btc-usd pro.kraken.com/app/trade/eth-usd 00:10:13 A Likely Outcome 00:11:59 When ETF? x.com/NateGeraci/status/1807041501077110986 x.com/NateGeraci/status/1807548524910850284 www.youtube.com/watch?v=xaP5d1pmncY&ab_channel=Bankless 00:14:39 South America Is Growing thedefiant.io/news/defi/ethchile-highlights-triple-digit-growth-in-south-american-crypto-ownership Crecimiento docs.google.com/document/d/15Mb1j9quuNAqZzuBfY60F9Y82emWjUktVfw8k--eeiw/edit#heading=h.u6pn408b547d 00:16:48 Why Are We Down? x.com/eli5_defi/status/1807712012342092145?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 00:22:40 Supreme Court overturned Chevron Deference x.com/JBSDC/status/1806799823107997893 www.supremecourt.gov/oral_arguments/argument_transcripts/2023/22-451_o7jp.pdf youtu.be/JlsM_k7PutQ?t=1243 x.com/JTLonsdale/status/1806697088509469119 x.com/balajis/status/1806773841395675218 00:28:02 Negative Takes x.com/kylascan/status/1806706937083441274 x.com/JBSDC/status/1806809534322590069 00:29:38 SEC Sues Consensus www.sec.gov/newsroom/press-releases/2024-79 x.com/MikeSeligEsq/status/1806834455962652760 00:35:51 US Marshals Service picks Coinbase www.coinbase.com/en-gb/blog/u-s-marshals-service-chooses-coinbase-to-safeguard-trade-its-large-cap x.com/ErikVoorhees/status/1806105760461726023 00:37:00 BNB and BUSD Sales Aren’t Securities x.com/EleanorTerrett/status/1806896212173328850 x.com/MetaLawMan/status/1807075663666434311 00:40:53 ZKsync Elastic Chain x.com/zksync/status/1808125972434067699 imgur.com/nYDhE9u x.com/hudsonjameson/status/1808326321728283093 00:47:19 Zerion No-Fee Chain x.com/zerion/status/1806364593352016174 00:48:16 Election Season is Polymarket Season www.coindesk.com/policy/2024/06/28/crypto-unmentioned-at-first-2024-presidential-debate/ polymarket.com/event/presidential-election-winner-2024?tid=1719919681564 00:55:53 Vitalik Likes x.com/vitalikbuterin/status/1808092065483436481?s=43&t=2ZINVXJQKx6xO_6Wiiu_2g 00:56:37 Coinbase and Stripe x.com/coinbase/status/1806425092513210492 00:57:06 Pay On Warpcast x.com/dwr/status/1806774735109562789 00:57:58 IRS issued crypto tax regime for 2025 www.irs.gov/newsroom/treasury-irs-issue-final-regulations-requiring-broker-reporting-of-sales-and-exchanges-of-digital-assets-that-are-subject-to-tax-under-current-law-additional-guidance-to-provide-penalty-relief-address 01:00:23 Circle's New License x.com/jerallaire/status/1807791418489889279 x.com/paddi_hansen/status/1808085759947124778 01:01:44 Raises Of The Week x.com/astriaorg/status/1808534932060614983?s=46&t=dAxCjT2P_GIrJMvMgWIpfA www.youtube.com/watch?v=5809YJpbhFg 01:02:59 JokeRace Update www.jokerace.io/contest/base/0x0bac0ec9b6aeafa6c2212f67a67950940eda63a7 01:04:54 Meme Of The Week x.com/testinprodcap/status/1806735419792302142

Is the Ethereum ETF Bullish for ETH?

Matt Hougan and Alex Thorn put together their own analysis of inflows for the ETH ETF. Remarkably, their numbers came in somewhere close to the same place.

We discussed how much demand there will be for the ETH ETF, whether or not it will overperform or underperform expectations and the overall state of the Crypto Market today.

------
TIMESTAMPS

0:00 Intro
2:18 When ETH ETF?
7:16 Data Gathering Process
13:59 The BTC ETF Datapoint
24:17 Estimating ETH ETF Inflows
42:19 Price Impact
52:36 The ETH ETF Bear Case
1:03:14 Solana ETF?
1:05:44 The State of the Market
1:13:53 Closing & Disclaimers

------
RESOURCES

Matt Hougan
x.com/matt_hougan

Alex Thorn
x.com/intangiblecoins

Bitwise
bitwiseinvestments.com/

Galaxy Digital
www.galaxy.com/

David is joined by Leighton Cusack and Matt Metkov, two members of PleasrDAO, the organization that owns and is releasing the Wu-Tang Album.

The Wu-Tang Clan created a unique album, “Once Upon a Time in Shaolin,” to combat music’s devaluation in the digital age. It was bought by Martin Shkreli in 2015, who later lost it due to a fraud conviction. In 2021, PleasrDAO, a crypto collective, purchased the album to restore its value and make it accessible to the public, promoting fairer digital ownership in the Web3 era.

Hear how you can own the most exclusive music album and help support the movement.

------
TIMESTAMPS

0:00 Intro
6:01 What’s Special About This Album?
8:06 One Off Event Or New Path For Artists?
11:16 Music Scenario: 2014 VS Now?
14:34 Music Renting vs. Collecting/Ownership
16:41 How To Own The Album?
21:01 Rights & Collaboration
22:25 Rethinking Music Distribution
25:19 Magnitude Of Album Release
27:03 Why Crypto People Should Care?
29:12 David On The Album Songs
32:21 Where To Own The Album?
34:33 Sales & Record Breaking Week
38:05 Closing & Disclosure

------
RESOURCES

Mint Here
thealbum.com

Leighton
x.com/lay2000lbs

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

What if the information anarchy of the internet spells the downfall of liberalism?

Economist Noah Smith and Ethereum Founder Vitalik Buterin join us for a fascinating discussion on why Authoritarianism might be the answer to the current information warfare. Yes, you heard that right.

We start the episode by defining liberalism, how it has brought excessive polarization and why totalitarianism might be the only solution left. We then steelman the case against this same argument and how blockchains and crypto could play a role in all this.

------
TIMESTAMPS

0:00 Intro
8:53 Defining Liberalism
21:50 Information Warfare
42:17 Summarizing the Argument
55:09 Could the Thesis be Wrong?
1:11:12 Information Leviathans
1:34:13 The Role of Blockchains
1:38:22 Closing & Disclaimers

------
RESOURCES

Vitalik Buterin
x.com/VitalikButerin

Noah Smith
x.com/Noahpinion

Noahpinion Blog
www.noahpinion.blog/

Bankless Friday Weekly Rollup 3rd Week of June 2024 The SEC drops all charges against Ethereum 2.0—could it now be recognized as a commodity? Plus, hints surface about the launch date of the ETH ETF! Airdrop season is still alive and well! LayerZero and zkSync tokens launched recently. Find out if you’re eligible and the market’s reaction. And, did Baron Trump really launch a DJT memecoin on Solana? We unpack the latest buzz and drama. Tune in for all the details and so much more! ------ TIMESTAMPS & RESOURCES 0:00 Intro 1:57 MARKET x.com/WhalePanda/status/1802958996392870368 www.theblock.co/data/crypto-markets/bitcoin-etf/spot-bitcoin-etf-flows x.com/CryptoDonAlt/status/1802743515941609572 www.tradingview.com/chart/?symbol=AMEX%3ASPY x.com/saylor/status/1803763490928119950 8:37 ETH Price & ETH ETF Going Live x.com/EricBalchunas/status/1801725292404261308 12:05 Total Crypto Market Cap 12:48 L2Beat dune.com/hildobby/blobs dune.com/sealaunch/dex-metrics-on-base?Select+Date+Granularity_ed0f38=week&Select+Timeframe_ed47bb=365 imgur.com/YuXZfAv x.com/WazzCrypto/status/1803858912166449480 twitter.com/wbnns/status/1803217959479025857 17:42 Combo ETH + BTC ETF x.com/NateGeraci/status/1803080047303036971 x.com/Matt_Hougan/status/1803767324605886515 x.com/matthew_sigel/status/1801342560977190937 youtu.be/T2Ur8Dhc3uQ?si=Obqn5eY89sEUEdwi youtu.be/KUMGYEKIiGw?si=fS4pae1N_rr1f0C0 20:36 AIRDROP Season in full swing Bankless Claimables and AIrdrop Hunter www.bankless.com/claimables/reveal x.com/LayerZero_Fndn/status/1803744985029788042 www.coingecko.com/en/coins/layerzero x.com/LayerZero_Fndn/status/1803742303204323494 layerzero.foundation/claim www.theblock.co/post/300389/zksync-live-mcap-airdrop www.coingecko.com/en/coins/zksync x.com/TheZKNation/status/1802626483770265991 x.com/TheZKNation/status/1801378349442269345 docs.zknation.io/zk-token/zk-token-faq x.com/nansen_ai/status/1803003153820082270 x.com/cobie/status/1803071393484939602 31:00 MOTHER + DADDY Update www.coingecko.com/en/coins/mother-iggy x.com/IGGYAZALEA x.com/jimcramer/status/1800893795346637193 www.coingecko.com/en/coins/daddy-tate 33:14 What’s going on with $DJT? www.coingecko.com/en/coins/trumpcoin-2 x.com/PirateWires/status/1802825492405669930 www.newsweek.com/crypto-djt-barron-trump-martin-shkreli-1915147 x.com/ArkhamIntel/status/1803161788164288875 x.com/ArkhamIntel/status/1803471430727901455 x.com/zachxbt/status/1803240784436797871 x.com/zachxbt/status/1803371615524364503 x.com/jmgramke/status/1803792368388264399 x.com/WatcherGuru/status/1803759609808564306 x.com/MartinShkreli/status/1803821631279612367 46:32 U.S. SEC closes investigation in Ethereum! x.com/Consensys/status/1803230653120659641 x.com/laurabrooksie1/status/1803237492130234633 x.com/RyanSAdams/status/1803412140289560849 x.com/RyanSAdams/status/1803783619997052977 50:24 BitWise launches a new Ethereum ad for their incoming ETH ETF x.com/BitwiseInvest/status/1803789737620078875 zora.co/collect/base:0x9ada0269656e7855c95f54a34d4ef94f78892038/1 53:18 Kraken exploit for 3m and some drama - vs Certik x.com/c7five/status/1803403565865771370 x.com/P3b7_/status/1803479749005549647 x.com/tayvano_/status/1803478049280893040 x.com/sethforprivacy/status/1803520795735683528 59:39 Donald Trump wants all remaining Bitcoin to be 'Made in USA' x.com/intangiblecoins/status/1801771689249787936 1:01:11 Optimism & Tether Releases x.com/Optimism/status/1800974991313469445 chain.box x.com/Alloy_tether/status/1802676443781923289 1:03:50 Bankless ETHCC Meetup lu.ma/k0amrrnz 1:05:15 Who won the ETH ETF Pitch competition? www.jokerace.io/contest/base/0x0f2211f6727e85dbfae20e7dbfe57875a1f2b706 1:06:50 Another voting for Bankless Nation! www.jokerace.io/contest/base/0x0bac0ec9b6aeafa6c2212f67a67950940eda63a7 1:08:44 MEME of the Week x.com/PleasrDAO/status/1803572250278514999 1:09:22 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures

Sam Jernigan, the “Unofficial ETH Maxi of Wall Street”, has been evangelizing Ethereum to institutional funds and billionaires from inside the house for the past five years.

Having the perfect blend of deep Ethereum knowledge and the full Wall Street experience, Sam guides us through how he became an ETH Maxi, why the lack of understanding of ETH in TradFi is the most bullish case for the asset and what the future holds for ETH institutional adoption.

------
TIMESTAMPS

0:00 Intro
3:48 Defining TradFi
16:05 Ethereum’s P/E Ratio
19:50 Sam’s Background
36:45 Becoming an ETH Maxi
48:58 The State of ETH in TradFi
53:38 ETH Bull Case
1:02:11 The Flippening
1:05:36 ETH ETF
1:12:51 Security vs Commodity Debate
1:17:25 TradFi: Friend or Foe?
1:28:04 Regulation
1:39:31 Closing & Disclaimers

------
RESOURCES

Sam Jernigan on X
x.com/sjerniganiv

Sam Jernigan on LikedIn
www.linkedin.com/in/samjernigan07302015/

Bankless Friday Weekly Rollup 2nd Week of June 2024 ------ TIMESTAMPS & RESOURCES 0:00 Intro 3:31 Markets 8:20 Gary G Says ETH ETF Approval “Sometime in Summer” x.com/tier10k/status/1801261940615848004 9:19 L2 Update 11:04 The Fed expects to cut rates just once this year www.cnbc.com/2024/06/12/fed-meeting-today-on-interest-rate.html 15:41 Will BTC ETF follow the gold ETF success path? x.com/hongkim__/status/1799442365892985257 20:48 ZKSync introduced ZK token x.com/TheZKNation/status/1800424206129357194 app.aevo.xyz/perpetual/zk x.com/eekeyguy_eth/status/1800461976969035910 blog.zknation.io/zk-token/ zknation.ghost.io/content/images/2024/06/points.png x.com/LibraryDefi/status/1800589632909832509 x.com/Gautamguptagg/status/1800539906923733397 x.com/Gautamguptagg/status/1800539906923733397 x.com/TheZKNation/status/1801020410563060031 x.com/TrustlessState/status/1801024526001815616 x.com/TrustlessState/status/1800758353511207103 36:46 Speaking of Airdrops: Taiko launched their TAIKO token x.com/taikoxyz/status/1798336750668136851 Find out whether you are eligible via Claimables! bankless.cc/3Jte55n 38:33 Optimism’s fault proofs are live! x.com/l2beat/status/1800530188171674070 x.com/VitalikButerin/status/1800547329931620625 49:23 Pectra is about to became the biggest upgrade of Ethereum history: x.com/sassal0x/status/1798869850200412383 55:34 Symbiotic introduced their restaking platform x.com/symbioticfi/status/1800530004776022493 59:29 Eigen Labs acquired Rio Network x.com/eigen_labs/status/1800888626642899321 1:01:41 Crypto:The Game was acquired by Uniswap! x.com/cryptothegame_/status/1800199946739822594 1:06:28 PleasrDAO releases the WuTang Album pitchfork.com/news/wu-tang-clan-once-upon-a-time-in-shaolin-turned-into-nft/ www.thealbum.com/ 1:09:12 Terraform Labs agreed to pay SEC $4.5B! www.coindesk.com/policy/2024/06/12/terraform-labs-do-kwon-agree-to-pay-sec-a-combined-45b-in-civil-fraud-case/ x.com/TrustlessState/status/1800955721955283053 1:11:44 Alchemy introduced platform for building rollups x.com/alchemyplatform/status/1798747911226040679 1:13:03 New Paradigm Fund x.com/matthuang/status/1801283717664526835 1:14:41 The Daily Gwei www.youtube.com/@TheDailyGwei/videos x.com/thedailygwei x.com/sassal0x podcasts.apple.com/us/podcast/into-the-ether/id1443920565 1:15:49 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures

Ethereum vs. Solana. That’s the debate we’re having today.

On Ethereum’s side we have Ethereum Researcher Justin Drake, and on the Solana’s we have Solana’s Co-Founder Anatoly Yakovenco.

They give us the good, the bad and the ugly of each other’s blockchain, settling their endgame towards the end of the episode.

This was one, if not the spiciest debate we had on the show. We tried our best to give both guests time with minimal intervention. At times went well, at others it caused deep semantic rabbit holes. But overall both guests were able to communicate their messages.

------
TIMESTAMPS

0:00 Intro
4:20 The Good
19:33 The Bad
46:23 Global Shared State
1:00:28 Economic Security
1:24:28 The Ugly
1:41:43 The Endgame
1:49:42 Closing & Disclaimers

------
RESOURCES

Anatoly Yakovenco
twitter.com/aeyakovenko

Justin Drake
twitter.com/drakefjustin

Bankless Friday Weekly Rollup Last Week of May ------ TIMESTAMPS & RESOURCES 00:00:00 Injury Updates 00:05:16 Markets pro.kraken.com/app/trade/btc-usd pro.kraken.com/app/trade/eth-usd 00:07:22 ETF Update x.com/tier10k/status/1793758369804886200?s=46&t=LKBC7Qtm18FnZ380xCF2pA 00:09:08 When Will ETFs Launch? x.com/EricBalchunas/status/1795934675380109479 x.com/NateGeraci/status/1795255561753424157 x.com/JSeyff/status/1795933440090452413 00:11:09 ETH Price Impact imgur.com/a/rkIfckX www.theblock.co/post/296237/qcp-capital-predicts-spot-ethereum-etf-approvals-could-drive-prices-higher www.grayscale.com/research/reports/the-state-of-ethereum thedefireport.io/research/the-turning-point#a-simple-framework-to-think-about-p x.com/ZachLight16/status/1794778924381082003 00:19:31 The ETH Narrative x.com/TrustlessState/status/1795595286972383494 youtu.be/vo2PjvZHIR4?si=ICEq25ulL4iaguOg&t=140 youtu.be/rlZo7x2ABHw?si=K6WKpHGP-4_L1k5w&t=50 x.com/jdorman81/status/1792927796353814640 00:30:26 David's Challenge 00:34:47 The Saylor Pivot x.com/JasonYanowitz/status/1793627497398948193 x.com/BeagleBitcoin/status/1794443617399885986 x.com/nic__carter/status/1792706827748294947 x.com/sassal0x/status/1794603287431528522 00:41:05 Presidential Pivot x.com/yugacohler/status/1794540212254589369 twitter.com/BitcoinMagazine/status/1794535395176366260?t=zcNFn9egY0fRCpxYNRu7sQ&s=19 www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024?utm_source=twitter&utm_medium=social 00:47:21 Celeb Coins x.com/Caitlyn_Jenner/status/1794886435985846680 www.coingecko.com/en/coins/caitlyn-jenner x.com/Caitlyn_Jenner/status/1795269306693075404 x.com/Caitlyn_Jenner/status/1795277298490605934 x.com/Caitlyn_Jenner/status/1795973191325585733 x.com/coffeebreak_YT/status/1795948137397338120 x.com/waleswoosh/status/1795046157674045567 00:57:09 L2 Update l2beat.com/scaling/summary x.com/jessepollak/status/1795572376555712551 x.com/0xDesigner/status/1794040845642957102 00:59:57 ENS L2 x.com/ensdomains/status/1795440186513576318 01:01:33 Taiko Mainnet x.com/taikoxyz/status/1795078728768483464 01:03:14 Solana Updates forum.solana.com/t/proposal-for-enabling-the-reward-full-priority-fee-to-validator-on-solana-mainnet-beta/1456/97 01:05:52 ETH vs SOL Debate 01:06:32 Gary Takes Another L x.com/iampaulgrewal/status/1795511035870285827 01:08:20 Gemini Earn Updates x.com/Gemini/status/1795819898049884468 x.com/JSeyff/status/1795928574878245126 01:10:18 Railgun Volume Record thedefiant.io/news/regulation/railgun-privacy-protocol-surpasses-usd1b-in-volume-amid-crackdown-on-crypto-mixers 01:13:29 Warpcast Bankless Frame warpcast.com/bankless/0xca3e17df?utm_source=Socials&utm_medium=Farcaster&utm_campaign=warpcastclaimables 01:14:47 Meme of The Week x.com/eawosikaa/status/1795659750702719348

At the very last moment of our ETH ETF Approval livestreamed watch party, Bloomberg Analyst, James Seyffart confirmed the SEC's approval of the spot Ethereum ETF on May 23, 2024 at 2:08pm PST.

This cultural Bankless Onchain mint captures Ryan and David's live reaction to the historic spot Ethereum ETF approval.

Full livestream here:
youtube.com/live/Di-iyKgrX74

Is it all vibes? Always has been.

Kyla Scanlon is a writer, podcaster, analyst, founder of financial education company Bread, and an all around brilliant explainer of things hard to explain.

Expect to learn why economies are vibe reflectors, Kyla’s “economic kingdom” model and an overview on the current state of economic affairs.

Financial literacy is a superpower and Kyla managed to compress this topic that people have been trying to figure out for ages in an easy to understand economics toolbox.

------
TIMESTAMPS

0:00 Intro
4:09 The Vibes Economy
9:24 Understanding Money & Finance
14:18 The Economic Kingdom
17:51 The Monetary Castle
25:49 The Fiscal Castle
35:01 Vibes are the Economy
51:00 The Deciders
55:32 Housing Market
1:01:34 The Labor Market
1:08:12 Wealth Inequality
1:13:48 Energy
1:17:38 The Economics Toolbox
1:22:40 What’s Next for Kyla
1:27:40 Closing & Disclaimers

------
RESOURCES

Kyla Scanlon on X
x.com/kylascan

Kyla Scanlon Website
kylascanlon.com/

Order “In this Economy?” Now
www.penguinrandomhouse.com/books/737854/in-this-economy-by-kyla-scanlon/

Kyla’s “AI Can't Plant Corn (Yet)”
kyla.substack.com/p/ai-cant-plant-corn-yet

WSJ “How Gen Z Is Becoming the Toolbelt Generation”
www.wsj.com/lifestyle/careers/gen-z-trades-jobs-plumbing-welding-a76b5e43

Matt Hougan is the CIO at Bitwise, and has been one of the best people to talk to when it comes to understanding the ETF process, and the impact of ETFs on the crypto markets.

Today we dive into the specifics on what exactly the ETF approval means for ETH.

------
TIMESTAMPS
00:00 Intro
05:46 What Exactly Happened?
08:45 Was This Really Political?
12:11 Who's Responsible For This
16:46 Next Steps For ETF
20:36 Matt's ETF Story
22:44 ETF Price Impact
27:38 ETF Inflow Predictions
34:50 Explaining The ETH Narrative
38:23 Matt's 2 Minute Pitch
45:12 How Bitwise's Job Changes
49:01 ETH Charts
54:31 Legislation

------
RESOURCES
Matt on X: x.com/Matt_Hougan

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

Bankless Friday Weekly Rollup 4th Week of May ------ TIMESTAMPS & RESOURCES 0:00 Intro 3:52 MARKET WatcherGuru/status/1792646445075431627 ycharts.com/companies/ETHE/discount_or_premium_to_nav x.com/Timccopeland/status/1793653604387328381 x.com/bx1core/status/1792712990141338049 imgur.com/hbveuq5 x.com/pythianism/status/1793369623301403024 x.com/UncleRewards/status/1793623611405947147 imgur.com/uevxXfe www.coinglass.com/bitcoin-etf 18:54 How the odds of an ETH ETF approval suddenly swung in our favor x.com/BanklessHQ/status/1791140496397468064 x.com/RyanSAdams/status/1791147869791002699 www.youtube.com/watch?v=bFEGCmHqBT4&t=898s x.com/songadaymann/status/1792667124919599263 x.com/EricBalchunas/status/1792636523050906102 www.coindesk.com/policy/2024/05/20/ether-etfs-filing-process-sees-abrupt-progress-though-approval-not-guaranteed-sources/ x.com/JSeyff/status/1793039305125790105 26:28 Letter Urging ETH ETF Approval from Congress - THIS MORNING x.com/EricBalchunas/status/1793620303966503267 x.com/CGasparino/status/1793268472484425865 x.com/nategeraci/status/1792993889189593502 x.com/JSeyff/status/1792650597377757456 29:50 Promethum is launching its Ethereum custody fortune.com/crypto/2024/05/20/controversial-digital-assets-firm-prometheum-launches-long-awaited-ether-custody-argues-that-existing-laws-work-for-crypto/ financialservices.house.gov/news/documentsingle.aspx?DocumentID=409274 x.com/RyanSAdams/status/1792907980624523549 x.com/jchervinsky/status/1793398130269954346 32:16 FIT21 passes the House 279 - 136 🎉 financialservices.house.gov/news/documentsingle.aspx?DocumentID=409277 x.com/avichal/status/1793370415664148496 youtu.be/_QvOzpKX3I4?si=__6q_Ffl-PU7R4oe x.com/BanklessHQ/status/1793291448965624088 pelosi.house.gov/news/press-releases/pelosi-statement-fit21-legislation x.com/BanklessHQ/status/1793367943671402923 43:12 Another win for crypto this week - “Choke Point Marty is done” x.com/nic__carter/status/1792569285799186641 x.com/twobitidiot/status/1793606319301447920 www.sec.gov/news/statement/gensler-21st-century-act-05222024 x.com/twobitidiot/status/1793399316012318821 x.com/zerohedge/status/1792659983370523096 x.com/nic__carter/status/1792660581272670650 x.com/meanwhilelife/status/1792936024244466174 Exhibit A: x.com/ewarren/status/1641138829162577928 Exhibit B: x.com/WatcherGuru/status/1793261382676119866 Exhibit C: x.com/BitcoinMagazine/status/1793025045310115910 Exhibit D: x.com/SMTuffy/status/1793604355591110692 Exhibit E: x.com/SenLummis/status/1793654641974288558 53:32 ETH ETF just reopened the window for protocol airdrops! x.com/TrustlessState/status/1792958932228653249 55:09 Yuga Labs ‘Punk World’ x.com/cryptopunksnfts/status/1792594316172341315 x.com/CryptoGarga/status/1792694910904136028 56:46 We finally found out what was the Uniswap Wells notice about x.com/Togbe0x/status/1792973545762595199 x.com/haydenzadams/status/1792973692223336615 www.coingecko.com/en/coins/uniswap x.com/TrustlessState/status/1793650716080562382 1:01:28 Binance executive denied bail in Nigeria amid $35 million money laundering trial thenationonlineng.net/just-in-court-rejects-binance-officials-bail-request x.com/RyanSAdams/status/1791466137793830974 Binance CEO Richard Teng in a blog post www.binance.com/en/blog/leadership/from-richard-teng-binance-ceo-tigran-gambaryan-is x.com/vibhu/status/1792419936725528816?s=46&t=LKBC7Qtm18FnZ380xCF2pA 1:04:02 Bankless is launching 'Bankless Onchain' Phase II: Mint Our History www.bankless.com/bankless-onchain-phase-2 Mint Bankless Archive here: bankless.cc/OnchainArchive Mint new episodes here: bankless.cc/onchain 1:05:44 Raises and BVC Investments Farcaster has raised $150M! At Valuation $1B danromero.org/farcaster-update/ 1:06:30 MEME of the Week x.com/basedkarbon/status/1793435193274998945 1:07:16 Moment of Zen x.com/songadaymann/status/1793751482816176300

The Ether spot ETF has officially been approved marking a landmark day for Ethereum and crypto as a whole. We're going live today to discuss the extent of this approval and what it means for Ether the asset, and more broadly the entire crypto industry. This is a big deal and we're stoked to be sharing this moment live with the Bankless Nation.

James on X: x.com/JSeyff

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TIMESTAMPS & RESOURCES

00:00 It Happened
05:09 ETF Approved!
07:24 Boom Approval Surprise
09:11 Why Did This Happen?
13:38 When Will The ETFs Go Live?
15:47 ETF Inflows
19:18 ETH Education Campaign
21:37 Staked ETF?
24:14 What Coin is Next?

This is a huge week for crypto in DC and we have on Congressman Patrick McHenry to tell us all about it.

Three big things:
1) SAB 121 repeal bill going to Biden’s desk - will he let it pass or veto?
2) SEC approve/deny Ethereum ETF - decision due Thursday.
3) House vote on FIT bill you’ve been championing - well talk about that bill.

Stand with Crypto: www.standwithcrypto.org/politicians

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TIMESTAMPS
00:00 Start
04:05 Introduction to Congressman McHenry
05:11 Crypto in DC Temp Check
07:34 Generational vs Partisan Divide
12:57 Has Biden's Crypto Sentiment Changed?
16:46 FIT 21 Act
20:10 Security vs Commodity
23:18 Startups Becoming Commodities
26:34 Why Should Congress Support?
29:22 Why Patrick Cares About Crypto
33:25 Stablecoin Legislation
35:37 Will Crypto Still Be Under Attack?
38:24 Trump vs Biden Crypto Policies
40:41 How To Get Involved

------
RESOURCES:

Patrick on X: x.com/PatrickMcHenry

✨ DEBRIEF | Ryan & David unpacking the episode:
www.bankless.com/debrief-the-byron-tau-interview

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Are we being watched?

That’s the question we ask Byron Tau, an investigative journalist and author of “Means of Control'' that covers all about the US surveillance state.

Turns out the US Government has a digital dossier of every citizen, but how? How do they collect the data? How are they using it? Can we ever get back our digital privacy?

Expect to learn all that and much more in what is a deep dive into digital surveillance.

------
TIMESTAMPS

0:00 Intro
4:42 State of Surveillance
12:24 Content vs Metadata
18:16 The Surveillance Industry
33:53 Total Information Awareness
49:50 Is the Gov Using Data Against Us?
53:10 Privacy Protections
1:05:29 The Role of Encryption
1:17:23 Surveillance Abroad
1:22:09 US vs China
1:26:04 Surveillance in Crypto
1:31:09 Closing & Disclaimers

------
RESOURCES

Byron Tau
twitter.com/ByronTau

Means of Control by Byron Tau
www.penguinrandomhouse.com/books/706321/means-of-control-by-byron-tau/

The ETF approval deadline is coming on May 23rd and the odds just got.... wayyyy higher! Ryan and David explain.

------
TIMESTAMPS & RESOURCES

0:00 Intro
0:45 Bloomberg Analyst Update
x.com/EricBalchunas/status/1792636523050906102
x.com/JSeyff/status/1792636774067413502
4:20 $ETH GOD CANDLE
pro.kraken.com/app/trade/eth-usd
7:25 Eleanor
x.com/EleanorTerrett/status/1792640682374393894
8:05 .ETH People
x.com/JSeyff/status/1792637403682701422
x.com/TrustlessState/status/1792638235799122269
18:10 Jake Chervisnky
x.com/jchervinsky/status/1792645992463978533
20:58 Warren Meme
x.com/BillHughesDC/status/1792646322551451718
21:10 Mike Ippolito Sentiment Bottom Call
x.com/MikeIppolito_/status/1791829053881602454
x.com/MikeIppolito_/status/1792641028844904753
24:51 Institutional Narrative
28:58 $COIN Stock Price
29:20 S-1 Approvals
x.com/JSeyff/status/1792650597377757456
33:08 SEC Asks Exchanges to Update Filings
x.com/tier10k/status/1792655223103566116
35:16 $ETHE
36:26 Chart TA'ing
40:23 Polymarket
polymarket.com/event/ethereum-etf-approved-by-may-31?tid=1716234132508
40:48 Ryan's Bear Case
46:23 Closing & Sassano Victory Lap
x.com/TrustlessState/status/1792640883042443578

✨ DEBRIEF | Ryan & David unpacking the episode: www.bankless.com/debrief-the-eric-wall-interview ------ What’s the Endgame for Bitcoin Scaling? That’s what we asked bitcoin builder and researcher Eric Wall. We start by exploring the evolution of Bitcoin and the genesis of scaling solutions on top of it. We then get into the intricacies of the BitVM, what exactly is a Bitcoin L2 and what’s coming next. Eric is the perfect guest to explore this frontier of Bitcoin Rollups, he tells it like it is and he understands both Ethereum and Bitcoin. ------ 📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE k.xyz/bankless-pod-q2 🔗CELO | CEL2 COMING SOON bankless.cc/Celo ⚖️ARBITRUM | SCALING ETHEREUM ⁠bankless.cc/Arbitrum 🛞MANTLE | MODULAR LAYER 2 NETWORK bankless.cc/Mantle 🏠 CASA | SECURE YOUR GENERATIONAL WEALTH bankless.cc/Casa 🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION bankless.cc/toku 🌐 CARTESI | APPLY FOR A GRANT bankless.cc/CartesiGovernance ------ TIMESTAMPS 0:00 Intro 5:47 Eric Wall 9:48 The Evolution of Bitcoin 21:31 The Genesis of Bitcoin L2s 36:40 Runes 46:22 BitVM 1:04:45 Why Bitcoin L2s are Inevitable 1:09:07 Stacks 1:11:37 Bitcoin L2 Endgame 1:17:39 Scams 1:23:13 Bitcoin’s Direction 1:27:25 Closing & Disclaimers ------ RESOURCES Eric Wall twitter.com/ercwl Taproot Wizards taprootwizards.com/ ------ Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures⁠

While it's still early in the race, Base is now one of Ethereum’s largest L2s. In today’s episode, we brought back on repeat guest and co-creator of Coinbase’s L2, Base, Jesse Pollak. We cover: - How Base plans to bring billions of users onchain - How Base is increasing its scale by 400x - How Coinbase is using Base to be more onchain - Onchain Summer II ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT www.transporter.io ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE k.xyz/bankless-pod-q2 ⁠ 🛞MANTLE | MODULAR LAYER 2 NETWORK bankless.cc/Mantle 🌐 CARTESI | APPLY FOR A GRANT bankless.cc/CartesiGovernance 🔗CELO | CEL2 COMING SOON bankless.cc/Celo 🏠 CASA | SECURE YOUR GENERATIONAL WEALTH bankless.cc/Casa 🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION bankless.cc/toku ⚖️ARBITRUM | SCALING ETHEREUM ⁠bankless.cc/Arbitrum ------ TIMESTAMPS 0:00 Intro 4:41 Base’s First 8 Months 9:23 The Road to 1 Giga Gas Per Second 18:39 Why More Demand For Base? 21:26 Cost to Send Transactions on Base 23:59 Non-Ethereum DA Solution? 25:59 Scaling Via L3s on Base? 27:17 Parallelization Solution? 29:34 Will Base Make Transactions Free? 38:18 Coinbase's Relationship With Base 46:18 Base Is Centralized Critique 50:17 The Base Flywheel 57:46 Onchain Summer II 58:36 Next Target Demo to Come Onchain 1:00:42 Base Independence 1:02:19 1 Billion People Onchain 1:03:25 Closing & Disclosures ------ RESOURCES Onchain Summer II www.base.org/ Jesse Pollak twitter.com/jessepollak Jesse’s 1st Base Episode youtu.be/7dGU0_eEjq8 Coinbase twitter.com/coinbase Base twitter.com/base ------ Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures

The Bitcoin ETF was just approved. What happens next? How does this change everything? Which ETF can crypto expect next? When? Answers to these questions and so much more!

-----
🏹 Airdrop Hunter is HERE, join your first HUNT today
bankless.cc/JoinYourFirstHUNT

------
BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠k.xyz/bankless-pod-q2 ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK
bankless.cc/Mantle

⚖️ARBITRUM | SCALING ETHEREUM
⁠bankless.cc/Arbitrum

🔗CELO | CEL2 COMING SOON
bankless.cc/Celo

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
bankless.cc/Toku

------
TIMESTAMPS

0:00 Intro
4:00 ETF Day
6:05 SEC Twitter Hack?
8:40 Commissioner Statements & Votes
12:30 BTC ETF Volume
19:50 Size of BTC ETF
22:00 Flip Gold?
22:25 Spot ETH ETF?
24:20 Closing & Disclaimers

------
RESOURCES

Eric Balchunas
twitter.com/EricBalchunas

BTC ETF Approved
x.com/BanklessHQ/status/1744830610370421029

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

“The U.S. is trying to disconnect from Ethereum," that’s what Joe Lubin the CEO of Consensys said in today’s conversation. He was talking about those in power trying to unplug Ethereum from the citizens. The SEC is going after Kraken, Coinbase, Uniswap and Metamask. They’re trying to turn every non-custodial wallet into a broker-dealer. We brought on Joe Lubin, a crypto OG and CEO of Consensys the company behind a number of massive crypto projects including the popular Metamask wallet, and Matt Corva, the General Counsel at Consensys, leading the charge against the SEC Joe and Matt are producing evidence that the SEC is coming after Ethereum itself. Sending discovery requests to Ethereum core developers, threatening their employers - pushing a coordinated effort to claim Ether is a security so they can control it. So Consensys is taking them to court to settle the issue. If they’re successful it’ll be the first time we get a clear court ruling that Ether is a commodity and not a security. ------ 📣 TRANSPORTER - SECURED BY CHAINLINK CCIP | TRY IT OUT transporter.io ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE k.xyz/bankless-pod-q2 ⁠ 🛞MANTLE | MODULAR LAYER 2 NETWORK bankless.cc/Mantle 🌐 CARTESI | APPLY FOR A GRANT bit.ly/4bSZgWP 🔗CELO | CEL2 COMING SOON bankless.cc/Celo 🏠 CASA | SECURE YOUR GENERATIONAL WEALTH bankless.cc/Casa 🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION bankless.cc/toku 🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS bankless.cc/4aykesD ------ TIMESTAMPS 0:00 Intro 6:35 SEC vs. Ethereum 9:45 The Uniqueness of This Case 11:15 88,000 Pages to the SEC 12:11 SEC Going After Devs? 14:47 The Wells Notice 16:27 ETH ETF 17:58 Outcome of Consensys Winning 21:29 U.S. Law Process & Timeline 25:55 Ether Isn’t a Security 34:50 Gary’s Confidence Conspiracy 41:17 MetaMask Isn’t a Broker Dealer 47:10 What is Prometheum? 51:10 How Can the SEC Win? What Happens to Crypto? 55:49 What the Crypto Community Can Do 59:50 What Happens Next? 1:03:15 Closing & Disclaimers ------ RESOURCES Consensys Complaint consensys.io/crypto-regulations/defend-ethereum assets.ctfassets.net/gjyjx7gst9lo/Bu1bK7DF3tSig9Atde0lM/2fcaadea2b111a8c3f3ebce4a6a2386c/Consensys_sues_the_SEC_in_defense_of_the_Ethereum_ecosystem.pdf Joe Lubin twitter.com/ethereumjoseph Matt Corva twitter.com/MattCorva ------ Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures

An in person interview with presidential candidate RFK Jr. who shares his takes and policies on the state of crypto in the United States.

To learn more, visit www.kennedy24.com/

------
🏹 USE PODCAST24 FOR 10% OFF
bankless.cc/Citizen2024

------
🎧 Listen On Your Favorite Podcast Player:
bankless.cc/Podcast

------
BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
k.xyz/bankless-pod-q2 ⁠

🦄UNISWAP | SWAP SMARTER
bankless.cc/uniswap

🔗CELO | CEL2 COMING SOON
bankless.cc/Celo

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
bankless.cc/toku

🛞MANTLE | MODULAR LAYER 2 NETWORK
bankless.cc/Mantle

⚖️ARBITRUM | SCALING ETHEREUM
⁠bankless.cc/Arbitrum

------
Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

Bankless Friday Weekly Rollup Last Week of March, 2024 ------ 🖼️ NFTFi Borrow ETH or USDC with an NFT at bankless.cc/NFTFi_pod Check their rewards program at: bankless.cc/NFTfi_rewards_pod ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE k.xyz/bankless-pod-q2 ⁠ 🔗CELO | CEL2 COMING SOON bankless.cc/Celo 🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION bankless.cc/toku 🛞MANTLE | MODULAR LAYER 2 NETWORK bankless.cc/Mantle 💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 bankless.cc/CTC 🦄 UNISWAP | SWAP SMARTER bankless.cc/uniswap ------ TIMESTAMPS & RESOURCES 0:00 Intro 3:45 BTC ETF dune.com/hildobby/btc-etfs x.com/WatcherGuru/status/1773069643923570968 twitter.com/ki_young_ju/status/1772916778621919490 7:28 ETH ETF Update twitter.com/WatcherGuru/status/1772999593577390172 x.com/CraigSalm/status/1772360837094691302 x.com/EricBalchunas/status/1772372601098162624 dune.com/21co/tokenization-government-securities 13:00 L2 Update x.com/RyanSAdams/status/1772721673541747099 14:30 BASE TVL: l2beat.com/scaling/projects/base x.com/Uniswap/status/1773375430285799546 x.com/MSilb7/status/1770621672237720001 www.growthepie.xyz/chains/base x.com/0x_Osprey/status/1773044075802849391 imgur.com/8GiwM4e x.com/base/status/1772767382362055097 twitter.com/jessepollak/status/1773085753850925073 x.com/jessepollak/status/1773099759235993725 twitter.com/maxbranzburg/status/1772716138499039612 twitter.com/hildobby_/status/1772775087562764791 x.com/TrustlessState/status/1772736730623332673 23:45 Markets twitter.com/TimmerFidelity/status/1772645291088388128 twitter.com/BrantlyMillegan/status/1772314510088409382 29:50 Blob demand skyrocketing - is it too much for Ethereum to handle? twitter.com/nero_eth/status/1771198600405463531 x.com/hildobby_/status/1773036022726627795 imgur.com/M8N9Plt x.com/ercwl/status/1773152515875340704 x.com/Data_Always/status/1773056653664940219 x.com/terencechain/status/1773123126202601942 x.com/peter_szilagyi/status/1773158997446557930 x.com/TrustlessState/status/1773160352479392107 38:23 Blast Controversy - Rollback the chain? twitter.com/PopPunkOnChain/status/1772746208047518025 twitter.com/zachxbt/status/1772843238539325947 twitter.com/0xquit/status/1772751865467596823 x.com/ercwl/status/1772781474867011752 x.com/_munchables_/status/1772846122236862789 x.com/PacmanBlur/status/1772871466935013701 twitter.com/nearisbuilding/status/1772866110733287466 twitter.com/jchervinsky/status/1772970536441713001 46:10 SBF Sentenced to 25 years x.com/innercitypress/status/1773376299626574125 blockworks.co/news/sam-bankman-fried-sentenced x.com/innercitypress/status/1773347397181092141 x.com/innercitypress/status/1773349731638394936 x.com/TrustlessState/status/1773358297308868973 x.com/crypto_bobby/status/1773358858678816783 x.com/Dogetoshi/status/1773370058892271763 53:57 Ethena is launching its token! twitter.com/ethena_labs/status/1773077170132320626 www.bankless.com/airdrop-hunter 55:23 Google integrated ENS into search! warpcast.com/sassal.eth/0x36e35d26 twitter.com/RyanSAdams/status/1773076211947765921 56:57 Did Coinbase lose to the SEC? x.com/RyanSAdams/status/1772984052653478333 x.com/iampaulgrewal/status/1772993916146479193 x.com/iampaulgrewal/status/1772993916146479193 twitter.com/jchervinsky/status/1772999508462309511 58:49 CFTC vs KuCoin www.coindesk.com/business/2024/03/26/crypto-exchange-kucoin-violated-anti-money-laundering-laws-us-charges/ twitter.com/jchervinsky/status/1772666739995595007 59:50 Kraken Financial, a state-chartered bank, is live! twitter.com/davidlripley/status/1770952985411301724 1:00:37 Raises and BVC Investments x.com/build_on_bob/status/1773020961597452634 twitter.com/SuccinctLabs/status/1770843544388771914 1:02:41 MEME of the Week twitter.com/liamihorne/status/1772363988757561474 1:03:23 Closing & Disclaimers 1:03:33 Moment of Zen x.com/outttoforderrr/status/1773020500060512767 ------ Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures

Terra is exploding. Do Kwon and the Terra ecosystem are turning Bitcoin into their collateral asset of choice to backstop LUNA and the UST stablecoin. Over the last several weeks, the Luna Foundation Guard (LFG) have bought over 30,000 BTC... and they don't plan to stop there. As the LFG climbs the ranks of bitcoin holders, Do Kwon has started playing empire games—claiming victory over the Curve Wars with the 4pool (which contains UST, Frax, $USDC, and USDT), calling for the end of DAI, and attempting to build out the Terra ecosystem as the ultimate power in the universe. Is Terra (UST) the future of crypto money? Or is it a ticking time bomb waiting to explode? Perhaps the truth is somewhere in the middle, so we're going to debate it. From the bull side is Delphi Digital's José Maria Macedo, and representing the skeptics is Selini Capital's Jordi Alexander. ------ CONSENSYS | M·A·C: NFT Collection for a Good Cause bankless.cc/MAC ------ SUBSCRIBE TO NEWSLETTER: newsletter.banklesshq.com/ ️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS: ️ ARBITRUM | SCALED ETHEREUM bankless.cc/Arbitrum ACROSS | BRIDGE TO LAYER 2 bankless.cc/Across ALTO IRA | TAX-FREE CRYPTO bankless.cc/AltoIRA AAVE V3 | LEND & BORROW CRYPTO bankless.cc/aave ️ MAKER DAO | THE DAI STABLECOIN bankless.cc/MakerDAO BRAVE | THE BROWSER NATIVE WALLET bankless.cc/Brave ------ Timestamps: 0:00 Intro 7:30 LUNA/UST Fundamental Properties 15:15 The Balance Between LUNA/ETH 20:00 Why Bullish/Bearish? 25:28 Why is UST a Successful Stable? 30:19 Are Algo-Stablecoins Unstable? 42:25 Anchor's Utility 48:02 Do Kwon $10B Purchase of LUNA 52:02 Is UST Becoming a Bank? 57:00 Risks of De-pegging 1:06:30 Has LUNA/UST Been Tested? 1:15:00 Do Kwon & Decentralization 1:27:50 Do Kwon's 4pool 1:39:05 Potential Nightmare Scenarios 1:48:04 Closing Arguments ------ Resources: Jordi Alexander CIO of Selini Capital twitter.com/gametheorizing Jose Macedo Founding Partner, Delphi Digital twitter.com/zemariamacedo ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode shows.banklesshq.com/p/114-vitalik-debrief ---- Vitalik returns to Bankless once again—this time to defend Bitcoin Maximalism of all things. On April Fools Day this year, Vitalik posted an article to his blog titled 'In Defense of Bitcoin Maximalism,' but instead of being a pure troll, the Ethereum Founder approached the piece with truth and crafted a salient & compelling argument. By steel-manning maximalism, Vitalik lays out a very reasonable case for the merits intolerance and toxicity. Philosophical and contrarian episodes like these help us understand the industry better, encouraging empathy for all sides of the debate. We explore this in context of Ethereum maximalism as well, and Vitalik offers some sage advice to Bankless. This conversation is far more philosophy-based than tech-based, but as we've seen, Vitalik is as comfortable in this setting as he is discussing the latest EIPs or protocol upgrades. Also, Vitalik spills the tea on Twitter's new favorite drink—the VB. ------ 📣 THE GRAPH | Graph Day in San Francisco | June 2-5 bankless.cc/GraphDay ------ 🚀 SUBSCRIBE TO NEWSLETTER: newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALED ETHEREUM bankless.cc/Arbitrum ❎ ACROSS | BRIDGE TO LAYER 2 bankless.cc/Across 🏦 ALTO IRA | TAX-FREE CRYPTO bankless.cc/AltoIRA 👻 AAVE V3 | LEND & BORROW CRYPTO bankless.cc/aave ⚡️ LIDO | LIQUID ETH STAKING bankless.cc/lido 🔐 LEDGER | NANO S PLUS WALLET bankless.cc/Ledger ------ Topics Covered: 0:00 Intro 8:30 Green Tea and Twitter Hate 15:47 The April Fools Article 22:35 Crypto Grifters and Security 29:22 Taking Responsibility 37:19 Performative Weirdness 43:33 The Culture Stack 49:14 Value Tradeoffs 53:40 Lessons from BTC Maximalism 57:45 Why Maximalism is Good 1:02:30 Why Maximalism is Ridiculous 1:12:16 The Best of Both Worlds 1:16:10 Bored Weird Vitalik NFTs 1:23:05 Spotlights vs Insults 1:29:30 ETH Maximalism 1:39:41 Advice for Bankless 1:45:15 Composability & Onboarding 1:53:00 The Middle Path ------ Resources: Vitalik on Twitter: twitter.com/VitalikButerin Vitalik's Blog Post: vitalik.ca/general/2022/04/01/maximalist.html Time Magazine: time.com/6158182/vitalik-buterin-ethereum-profile/ Survive, Thrive Theory of the Political Spectrum: slatestarcodex.com/2013/03/04/a-thrivesurvive-theory-of-the-political-spectrum/ Bored Weird Vitalik Club: weirdvitalik.com/ ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode shows.banklesshq.com/p/120-debrief ------ Marc Andreessen was a key player at the genesis of the internet. Chris Dixon is the master of Web3 mental models. The journey of a16z is the history of the internet—from Web1 builders to Web2 disruptors. And now they stand as core capital infrastructure of Web3. Having just announced the $4.5B raise of their Crypto Fund IV, as well as their new web3 Podcast, this episode will break the internet... or fix it. ------ 📣 SUBSCRIBE to the NEW a16z PODCAST: link.chtbl.com/HObAJQDL?sid=bankless ------ 🚀 SUBSCRIBE TO NEWSLETTER: www.bankless.com/join 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALED ETHEREUM bankless.cc/Arbitrum ❎ ACROSS | BRIDGE TO LAYER 2 bankless.cc/Across 🏦 ALTO IRA | TAX-FREE CRYPTO bankless.cc/AltoIRA 👻 AAVE V3 | LEND & BORROW CRYPTO bankless.cc/aave ⚡️ LIDO | LIQUID ETH STAKING bankless.cc/lido 🔐 LEDGER | NANO S PLUS WALLET bankless.cc/Ledger ------ Topics Covered: 0:00 Intro 5:30 The Internet Problem 13:47 Encryption & Regulation 20:20 What the People Want 26:04 Cathedral and the Bazaar 34:07 Internet History Rhymes 39:46 Net Neutrality 47:15 An Improved Design Space 53:30 Speedrunning Everything 59:24 The Web3 Solution 1:03:55 The Mature Internet 1:11:50 Art and the Internet 1:15:21 Web3 Critics 1:19:15 Political Ideology 1:25:13 Marc’s Advice 1:31:25 Closing & Disclaimers ------ Resources: Marc on Twitter: twitter.com/pmarca?s=20&t=KszkLZCPKDd3zwBLcU0aiA Chris on Twitter: twitter.com/cdixon?s=20&t=KszkLZCPKDd3zwBLcU0aiA 5 Mental Models for Web3: shows.banklesshq.com/p/-90-5-mental-models-for-web3-chris a16z's NEW Podcast: link.chtbl.com/HObAJQDL?sid=bankless ------ Marc Andreessen's Book Club: The Mystery of Capital - Hernando De Soto www.amazon.com/Mystery-Capital-Capitalism-Triumphs-Everywhere/dp/0465016154 In Defense of Globalization - Jagdish Bhagwati www.amazon.com/Defense-Globalization-New-Afterword/dp/0195330935 Free to Choose - Milton Friedman www.amazon.com/Free-Choose-Statement-Milton-Friedman/dp/0156334607 Capitalism and Freedom - Milton Friedman www.amazon.com/Free-Choose-Statement-Milton-Friedman/dp/0156334607 A Conflict of Visions - Thomas Sowell www.amazon.com/Conflict-Visions-Ideological-Political-Struggles/dp/0465002056 The Vision of the Anointed - Thomas Sowell www.amazon.com/Vision-Anointed-Self-Congratulation-Social-Policy/dp/046508995X Knowledge and Decisions - Thomas Sowell www.amazon.com/Knowledge-Decisions-Thomas-Sowell/dp/0465037380 Intellectuals and Society - Thomas Sowell www.amazon.com/Intellectuals-Society-Thomas-Sowell/dp/0465025226 The Managerial Revolution - James Burnham www.amazon.com/Managerial-Revolution-What-Happening-World/dp/1839013184 In Defense of Global Capitalism - Johan Norberg www.amazon.com/Defense-Capitalism-Norberg-Institute-Defence/dp/1930865473 The Machinery of Freedom - David D. Friedman www.amazon.com/Machinery-Freedom-Guide-Radical-Capitalism/dp/1507785607 God of the Machine - Isabel Paterson www.amazon.com/God-Machine-Library-Conservative-Thought/dp/1560006668 Economics in One Lesson - Henry Hazlitt www.amazon.com/Economics-One-Lesson-Shortest-Understand/dp/0517548232 Men, Machines, and Modern Times - Elting E. Morison www.amazon.com/Men-Machines-Modern-Times-Press/dp/0262529319 The Cathedral & the Bazaar - Eric S. Raymond www.amazon.com/Cathedral-Bazaar-Musings-Accidental-Revolutionary/dp/0596001088 The Declaration of Independence of Cyberspace - John Perry Barlow www.eff.org/cyberspace-independence ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

🎉 Happy 100th Episode 🎉 Cobie, fka Crypto Cobain, is a cultural staple in the crypto space. Wearing many hats as a narrative investor, thought leader, and memelord, we dive into the brain of one of our favorite crypto characters. Having been in crypto for nearly a decade, Cobie tells us his keys to surviving in crypto and what it takes to last long term. We also dive into how much decentralization matters, roles and responsibilities in shaping the world around us, and his outlook for 2022 and beyond. Cobie advises a healthy dose of skepticism and curiosity, and describes himself as a reality maximalist. He’s gone on an absolute tear recently, dropping a series of excellent thought piece articles that establish mental models for understanding narratives across the ecosystem. We also go through moral alignment charts and ask Cobie the big question… What does he think of Bankless? ------ ✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode shows.banklesshq.com/p/debrief-cobie ------ 📣 ONJUNO | Crypto from your Checking Account! bankless.cc/OnJuno ------ 🚀 SUBSCRIBE TO NEWSLETTER: newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALING ETHEREUM bankless.cc/Arbitrum 🍵 MATCHA | SMART ORDER ROUTING bankless.cc/Matcha 🚀 SLINGSHOT | LAYER 2 SOCIAL TRADING bankless.cc/Slingshot 🏦 GEMINI | TURN FIAT INTO CRYPTO bankless.cc/Gemini 🦁 BRAVE | THE BROWSER NATIVE WALLET bankless.cc/Brave 🦄 UNISWAP | DECENTRALIZED FUNDING bankless.cc/UniGrants ------ Topics Covered: 0:00 Intro 5:30 How Cobie Survives in Crypto 13:41 Early Discoveries 21:22 Reality Maximalism 32:38 Responsibility & Roles 43:39 Tribes, Decentralization, Utility 53:10 Profit Maximalism 1:01:31 Staking & Incentives 1:10:42 Wins and Losses 1:19:20 Crypto Brain & Culture 1:28:45 Wealth & Purpose 1:36:18 Chaotic Good & UpOnly 1:39:58 Judging Others 1:54:00 Bullish or Bearish in 2022 2:00:42 Closing & Disclaimers ------ Resources: Cobie on Twitter twitter.com/cobie?s=20 UpOnly uponly.tv/ Cobie’s Newsletter cobie.substack.com/ ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

Sam Bankman-Fried—or simply SBF—is the founder and CEO of FTX, one of crypto’s biggest exchanges. In this episode, we dive into how Sam built a company worth $30 billion… in less than three years! And before the age of 30! As a centralized exchange unicorn, FTX has exploded into the mainstream, sponsoring massive sports arenas and partnerships with celebrities like Tom Brady. The mainstream-ification of FTX culminated with its Super Bowl ad with Larry David, which had a significant cultural impact on FTX and crypto more broadly. Is Sam on Team DeFi? Or is FTX a competitor? And what about banks? SBF also recently appeared in front of Congress. After this discussion, we are increasingly convinced of the alignment between Bankless and SBF. ------ ✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode shows.banklesshq.com/p/debrief-sbf ------ 📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK bankless.cc/Opolis ------ 🚀 SUBSCRIBE TO NEWSLETTER: newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALING ETHEREUM bankless.cc/Arbitrum 🍵 MATCHA | SMART ORDER ROUTING bankless.cc/Matcha 🚀 SLINGSHOT | LAYER 2 SOCIAL TRADING bankless.cc/Slingshot 🏦 GEMINI | TURN FIAT INTO CRYPTO bankless.cc/Gemini 🦁 BRAVE | THE BROWSER NATIVE WALLET bankless.cc/Brave 🦄 UNISWAP | DECENTRALIZED FUNDING bankless.cc/UniGrants ------ Topics Covered: 0:00 Intro 5:30 SBF 9:13 Building Successful Products 15:56 Why Sam is in Crypto 20:40 Crypto Values & Opportunity 25:27 Use Cases & Decentralization 31:04 The Future of FTX 37:18 FTX vs DeFi 41:16 SBF’s Preferred Blockchains 45:12 Sam’s Legendary Tweet 53:30 FTX vs Banks 56:46 Regulation 1:03:45 Talking to Congress 1:06:02 Spectrum of Decentralization 1:10:05 Super Bowl Ads 1:16:34 Mainstream Crypto & NFTs 1:21:30 Building Wealth 1:24:45 Giving Everything Away 1:27:45 Crypto Price Predictions 1:31:27 Crypto 5 Years from Now ------ Resources: SBF on Twitter twitter.com/SBF_FTX FTX ftx.com/en Sam’s Legendary Tweet twitter.com/SBF_FTX/status/1347964322459262977 FTX Super Bowl Commercial youtu.be/BH5-rSxilxo ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

Brian Armstrong is the Founder and CEO of Coinbase. As a pillar of innovation and adoption in crypto, Brian is playing a pivotal role in determining the kind of future we’ll see in the space. The Crypto movement is a battle for hearts and minds, and Coinbase is fighting on the front lines. Building bridges between the legacy world and the Metaverse is a daunting task, but Brian has been a headstrong leader with a powerful vision. Coinbase finds itself in a position to maximize a user’s choice for what they do with their assets. With new features on the way like their NFT platform, Coinbase is steadily opening the doors for composability, decentralization, and ultimately… sovereignty. ✨ EPISODE DEBRIEF ✨ shows.banklesshq.com/p/exclusive-debrief-brian-armstrong ------ 🚀 SUBSCRIBE TO NEWSLETTER: newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ ------ 📣 DHARMA | From Dollars to DeFi! bankless.cc/dharma ------ BANKLESS SPONSOR TOOLS: 💰 GEMINI | FIAT & CRYPTO EXCHANGE bankless.cc/go-gemini​ 💧LIDO | DECENTRALIZED STAKING bankless.cc/Lido 👻 AAVE | LEND & BORROW ASSETS bankless.cc/aave 🦄 UNISWAP | DECENTRALIZED FUNDING bankless.cc/UniGrants ------ Topics Covered: 0:00 Intro 7:30 Brian Armstrong & His Start 14:11 Why Coinbase? 19:00 Money, Tech, and Values 25:48 The Drive and Vision 29:36 The Future of Coinbase 32:56 Retail, Institutions, and Developers 36:32 Relationship with DeFi 40:32 Coinbase Lend & CeDeFi 47:30 Public Goods & Decentralization 51:39 Eating All the Banks 58:09 Custody & Sovereignty 1:02:30 The Metaverse 1:10:02 NFTs and Mainstream 1:16:52 Withdraw to Layer 2 1:18:34 Regulation 1:26:40 Taking on the SEC 1:32:12 Maturing and Growing 1:36:27 Closing & Disclaimers ------ Resources: Brian on Twitter: twitter.com/brian_armstrong?s=20 Coinbase: www.coinbase.com/ The Master Switch: www.amazon.com/Master-Switch-Rise-Information-Empires/dp/0307390993 ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

Scoopy Truples from Alchemix returns to Bankless to update us on what lies ahead for the protocol, and more broadly, the DeFi ecosystem. Alchemix v2 is on the horizon, which will allow for much more composability and integration with the rest of DeFi, as well as introducing new means of collateral such as LUSD and MIM. Scoopy also details plans for Layer 2 and Cross-Chain launches. The second half of the conversation turns to DeFi 2.0, which Scoopy outlined in this epic twitter thread. This new generation of DeFi projects introduce a new primitive for bootstrapping liquidity and capital to a protocol, which traditionally has been achieved via incentivized liquidity pools. This new model allows protocols to purchase LP positions and accrue value more sustainably, discouraging mercenary capital that leaves when rewards taper off. Scoopy brings big ideas and digestible explanations to this complicated topic, contextualizing what may become a new era for DeFi. ***** 📣 POOLTOGETHER | DEFI LOTTERY bankless.cc/PoolTogether ***** 🚀 SUBSCRIBE TO NEWSLETTER: newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALING ETHEREUM bankless.cc/Arbitrum 🍵 MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR bankless.cc/Matcha 🔐 LEDGER | SECURE YOUR ASSETS bankless.cc/Ledger 🧙‍♀️ ALCHEMIX | SELF-PAYING LOANS bankless.cc/Alchemix ------ Topics Covered: 0:00 Intro 3:30 Scoopy Truples & Alchemix v2 8:02 Optimizing Yield 13:03 Community & alETH Vault 21:23 Layer 2 & Cross-Chain 29:58 Governance & Participation 37:00 DeFi 2.0 and Olympus DAO 49:16 How it Works 54:39 Flushing out Toxic Liquidity 58:24 Adopting this Primitive 1:01:23 Tokemak 1:03:54 Closing & Disclaimers ------ Resources: Scoopy on Twitter: twitter.com/scupytrooples?s=20 Scoopy’s DeFi 2.0 Thread twitter.com/scupytrooples/status/1447398430574141445?s=20 Alchemix Links: - Twitter: twitter.com/AlchemixFi?s=20 - Discord: discord.com/invite/alchemix - Website: alchemix.fi/ ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

Debriefing the Episode with Vitalik.

WATCH THE FULL EPISODE HERE:
youtu.be/b1m_PTVxD-s

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
newsletter.banklesshq.com/p/bankless-disclosures

Anthony Sassano is undoubtedly one of the most committed individuals to the Ethereum ecosystem and the values that come along with it. Dropping newsletters and podcasts every weekday with his consistent fervor is inspiring as it is valuable. In this episode Layer Zero, we dive into what drives Anthony. This opens up to a broader conversation of philosophy, longevity research, his thesis on life, and his beard oil company (?!) ------ 🚀 SUBSCRIBE TO NEWSLETTER: newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ 🎖 CLAIM YOUR BADGE: newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge ------ BANKLESS SPONSOR TOOLS: 💰 GEMINI | FIAT & CRYPTO EXCHANGE bankless.cc/go-gemini 🔀 BALANCER | EXCHANGE & POOL ASSETS bankless.cc/balancer 👻 AAVE | LEND & BORROW ASSETS bankless.cc/aave 🦄 UNISWAP | DECENTRALIZED FUNDING bankless.cc/uniswap ------ Topics Covered: 0:00 Intro 4:20 Justin Drake & Layer Zero 6:30 You Need A Social Layer 9:24 Profit & Value 14:20 Anthony’s Story & Drive 22:10 Why Ethereum? 28:48 Ethereum Content In Perpetuity 32:04 Gathering Momentum and Energy 38:58 Manic about Ethereum 43:40 Grand Thesis on Life 52:00 Denial of Death 1:02:40 Security and Monetary Policy 1:06:17 Longevity Research 1:13:52 The Bleeding Edge ------ Resources: Anthony on Twitter: twitter.com/sassal0x?s=20 The Daily Gwei: thedailygwei.substack.com/ ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

Vitalik Buterin returns to the Podcast to discuss his recent article 'Moving Beyond Coin Voting Governance.' As always, Vitalik comes with a birds-eye view of high level challenges facing the crypto space with a moral & philosophical slant. Building sufficiently decentralized governance mechanisms is a hugely challenging endeavor. Tackling elegant solutions to coin voting, we also cover the benefits of running your own node, the metaverse, and an update on the Ethereum narrative. When Vitalik comes on Bankless, it's time to listen closely. ------- 🚀 SUBSCRIBE TO NEWSLETTER: newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALING ETHEREUM bankless.cc/Arbitrum 🍵 MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR bankless.cc/Matcha 🔐 LEDGER | SECURE YOUR ASSETS bankless.cc/Ledger 🦄 UNISWAP | DECENTRALIZED FUNDING bankless.cc/UniGrants ------ 📣 TracerDAO | Perpetual Pools are now Live on Aribtrum! bankless.cc/Tracer ------ Topics Covered: 0:00 Intro 4:00 Vitalik Returns! 7:26 Decentralized Governance 14:38 Who is Governance For? 19:44 Coordinating Public Goods 26:07 Public Goods & Upgrades 34:52 New Mechanisms 38:28 What is Blockchain Governance? 47:53 Ungovernance for Layer 1 54:00 Why Coin Voting Sucks 1:02:20 Whales 1:12:15 Running Your Own Node 1:22:14 Culture & Technology 1:26:51 Scalability Tradeoffs 1:31:05 The Metaverse & Loot 1:36:55 Update on Ethereum 1:43:15 Closing & Disclaimers ------ Resources: Vitalik on Twitter twitter.com/VitalikButerin?s=20 Moving beyond coin voting governance vitalik.ca/general/2021/08/16/voting3.html ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

Eric Wall is a prominent thinker and contrarian in the crypto space. He has an independent mind and is unafraid to bust through groupthink and act as an ideological razor for the crypto community. In this episode, Eric dives deeply into a variety of profound takes on Bitcoin, Ethereum, and his approach to the community. ------ 🚀 SUBSCRIBE TO NEWSLETTER: newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ 🎧 Get this Episode's Debrief: shows.banklesshq.com/p/exclusive-debrief-the-altcoin-slayer ------ BANKLESS SPONSOR TOOLS: 💰 GEMINI | FIAT & CRYPTO EXCHANGE bankless.cc/go-gemini 🔀 BALANCER | EXCHANGE & POOL ASSETS bankless.cc/balancer 👻 AAVE | LEND & BORROW ASSETS bankless.cc/aave 🦄 UNISWAP | DECENTRALIZED FUNDING bankless.cc/uniswap ------ Bankless Podcast #66: The Altcoin Slayer Guest: Eric Wall Eric Wall is CIO of Arcane Assets, and a well-known (and often infamous) writer and thinker in the crypto space. He has engaged in arguments with camps and tribes throughout the space, remaining unapologetically independent and committed to his values. Though a Bitcoiner at heart, Eric has come around on Ethereum as the ecosystem has matured. In this episode, we dive into values and the ethos of crypto that Eric fights for. As a principled believer in trustless systems and decentralization, Eric walks through many of the big-picture obstacles and accomplishments of the crypto space. Viewing this landscape with a digital biologist's lens, we address these projects as digital organisms, following many of the same laws we see in nature. Wherever organisms exist, Darwin is nearby. Eric brings a refreshing and unfiltered set of takes to the Bankless Podcast, reminiscent of other independent thinkers we've had on like Hasu. Regardless of your opinions on Eric, he represents an important part of the blockchain conversation. He serves as an ideological razor, giving no one the benefit of the doubt and prioritizing accountability and earned legitimacy. ------ Topics Covered: 0:00 Intro 4:45 Eric Wall, the Altcoin Slayer 7:45 The Term “Trustless” 16:58 Eric’s Approach to Crypto 22:50 Networks are Organisms 31:50 Survival of the Fittest 41:50 Bitcoin vs Layer 2 59:15 Tribes vs Facts 1:06:30 Eric’s ETH Journey 1:21:43 Thoughts on Proof of Stake 1:31:14 Is ETH Money? 1:40:58 What ETH Gets Wrong 1:53:55 Navigating the Frontier 2:01:00 Closing & Disclaimers ------ Resources: Eric on Twitter twitter.com/ercwl?s=20 Proof of Stake is Less Wasteful ercwl.medium.com/proof-of-stake-is-less-wasteful-b2854a191766#:~:text=Image%20of%20a%20diesel%20generator,ever%20had%20on%20the%20platform. ETH is Irreplaceable newsletter.banklesshq.com/p/eth-is-irreplaceable ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

Su Zhu and Kyle Davies are legendary crypto investors & founders of crypto hedge fund Three Arrows Capital. They join the State of the Nation to discuss the bullish case for ETH. ------ 🚀 SUBSCRIBE TO NEWSLETTER: newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ 🎖 CLAIM YOUR BADGE: newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge ------ BANKLESS SPONSOR TOOLS: 💰 GEMINI | FIAT & CRYPTO EXCHANGE bankless.cc/go-gemini 🦊 METAMASK | DEFI PASSPORT bankless.cc/metamask 🦄 UNISWAP | DECENTRALIZED FUNDING bankless.cc/uniswap 🔀 KWENTA | EXCHANGE SYNTHETIC ASSETS bankless.cc/kwenta ------ 📣 UPSHOT | Become an NFT Appraiser! bankless.cc/upshot ----- State of the Nation #46: The ETH Trade Guests: Su Zhu & Kyle Davies Su Zhu & Kyle Davies are renowned investors in the crypto space, and in this episode of State of the Nation, the Three Arrows Capital co-founders come on Bankless to discuss ETH as an investment, and more broadly, Ethereum as an ecosystem. They describe themselves as 'on-chain' maximalists, and we dive into how Ethereum boasts impressive on-chain metrics and its strong, fundamental narrative. Big money likes productive assets, and ETH is proving itself to be highly productive as a capital asset. We discuss the flippening of Ether & Bitcoin, and the opportunity for it in this cycle. Su & Kyle make it clear that institutions are coming around on Ethereum, and the scope of the ecosystem is such that any EVM-compatible (composable with the Ethereum Virtual Machine) is in turn bullish for ETH. Ethereum has painted six weekly green candles in a row and is indisputably red-hot at the time of this recording. Despite the bullish narrative, it remains difficult to properly measure the magnitude of this move. The inevitable unknowns do not frighten Three Arrows Capital, who explore denominating net worth in Ether. All in all, they leave us with some of the most bullish projections we have ever seen on the Bankless podcast. ------ Topics Covered: 0:00 Intro 8:15 Three Arrows Capital 14:10 Why You’re Holding ETH 18:35 Rotating From BTC to ETH 22:40 The Flippening 26:54 A Productive Store of Value 33:03 A Deflationary Store of Value 36:00 Mainstream ETH Culture 41:15 Measuring The ETH Trade 47:25 More Capital, Bigger Buyers 53:20 Hardening ETH Issuance 56:14 A Bull Case 59:10 On-Chain Crypto Maxis 1:04:39 BTC & Other ETH Killers 1:10:15 Is this the last cycle? 1:14:15 15k ETH is FUD 1:17:40 Prefer Wealth 1:20:01 Closing & Disclaimers ------ Resources: ZhuSu on Twitter: twitter.com/zhusu?s=20 Kyle Davies: twitter.com/kyled116?s=20 Three Arrows Capital: www.threearrowscap.com/ ------ This Week on Bankless: ⚒️ TACTIC TUESDAY | RAI Arbitrage Opportunities newsletter.banklesshq.com/p/how-to-make-money-from-rai-arbitrage 📈 MARKET MONDAY | The ETH Trade newsletter.banklesshq.com/p/the-eth-trade-market-monday 🎙️ PODCAST | Legitimacy with Vitalik Buterin (5/10) shows.banklesshq.com/p/-legitimacy-vitalik-buterin 🧢 WEEKLY RECAP | Bankless DAO is Born (5/8) newsletter.banklesshq.com/p/bankless-dao-is-born-weekly-recap 🗞️ WEEKLY ROLLUP | Uniswap V3, Bankless DAO (5/7) shows.banklesshq.com/p/-rollup-uniswap-v3-btc-in-bank-accounts ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

Come learn and hear about what the Creator Economy is, and what it has in store for our industry! Li Jin: @ljin18 Jesse Walden @jessewldn Cooper Turley: @Cooopahtroopa ------ 🚀 SUBSCRIBE TO NEWSLETTER: newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ 🎖 CLAIM YOUR BADGE: newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge ------ BANKLESS SPONSOR TOOLS: 💰 GEMINI | FIAT & CRYPTO EXCHANGE bankless.cc/go-gemini 🔀 BALANCER | EXCHANGE & POOL ASSETS bankless.cc/balancer 👻 AAVE | LEND & BORROW ASSETS bankless.cc/aave 🦄 UNISWAP | DECENTRALIZED FUNDING bankless.cc/uniswap ------ 📣 Ledger | Securely Exchange with Paraswap bankless.cc/LedgerYT2 ------ The Creator Economy Panelists: Cooper Turley, Li Jin, Jesse Walden The Creator Economy naturally erupts with the internet. Specialization allows creatives – artists, content creators, and everything in between – to carve out increasingly specific niches and build curated cultural communities. Art in all forms has an opportunity to blossom with the coordinative capacity of modern technology, and every active participant is inherently a creator. Smartphones and social media make everyone journalists, photographers, actors, and commentators simultaneously. With this budding paradigm, ownership of creations is paramount. The crypto industry lends itself elegantly to this need, blending creation and ownership. Web 2 has witnessed an explosion of distributed content, but centralized platforms determine the nature of how it plays out. Crypto offers a natural evolution to the creator economy, enriching the relationship between creator and community. This conversation takes a wide lens to the intersection of culture and the crypto industry. From MySpace to Instagram to Patreon, the ebbs & flows of internet culture and economy moves at a blistering pace. Our experienced panelists break these things down and discuss where we're going. ------ Resources: Li on Twitter: twitter.com/ljin18?s=20 Jesse on Twitter: twitter.com/jessewldn?s=20 Cooper on Twitter: twitter.com/Cooopahtroopa?s=20 ------ Topics Covered: 0:00 Intro 4:30 Cooper, Li, and Jesse 7:30 What is the Creator Economy? 14:32 Evolving Creator and Community 21:31 Creator First vs. Platforms 28:35 The Internet Dream 36:16 Evolving Platforms 43:00 Sovereign Creation 47:19 DAOs and the Creator Economy 55:30 Creator Economy Platforms 59:27 Get Involved 1:02:08 Closing & Disclaimers ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

🚀 SUBSCRIBE TO NEWSLETTER: bankless.substack.com/​ ✊ STARTING GUIDE BANKLESS: bit.ly/37Q17uI​ 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/​ 👕 BUY BANKLESS TEE: merch.banklesshq.com/​ ----- 💪BECOME A BANKLESS PREMIUM MEMBER: bankless.cc/membership​ ----- AFTER THE SHOW DEBRIEF: shows.banklesshq.com/p/exlusive-vitalik-buterin-debrief ----- GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️ AAVE - BORROW OR LEND YOUR ASSETS bankless.cc/aave​ 🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP bankless.cc/go-gemini​ 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS bankless.cc/monolith​ 📈 KWENTA - DERIVATIVES TRADING WITH INFINITE LIQUIDITY bankless.cc/kwenta​ ------ 51 - 2020 Reflections on Crypto and Beyond Guest: Vitalik Buterin We bring on Vitalik to digest the third of his recent posts on his website: Endnotes on 2020: Crypto and Beyond vitalik.ca/general/2020/12/28/endnotes.html Vitalik wrote this post from Singapore, noting that 2020 was a dynamic year, in which we faced “humanity’s first boss-level enemy since 1945.” However, it was also a year that brought much hope in areas like transportation, medicine, AI, and blockchains. We have observed a transition in the Political economy from physical to digital – 2020 served as a high-octane accelerant for these changes. A key piece of this change is shifting emphasis from physical private goods to digital public goods. This transition requires creative solutions to the challenges of effective governance. The phrase “digital nationalism” refers humanity’s recent tendency to polarize and how this extends to the internet. Both Bitcoin and Ethereum have undergone great schisms, resulting in hard forks like BCH and ETC. These phenomena in the rising political economy will likely continue. Vitalik walks through the tricky relationship between our financial and non-monetary social motivations. Culture and narrative can be incredibly powerful tools for innovation, but altruistic people are not the only ones with access to these things. Vitalik concludes with thoughts on the Big X - Big Government, Big Business, Big Tech, etc. This multidisciplinary “dense jungle” is populated by a variety of powerful groups with dynamic interrelationships, and blockchains & cryptocurrencies are set up to play a vital role. ------ "Endnotes on 2020: Crypto and Beyond" vitalik.ca/general/2020/12/28/endnotes.html Vitalik's Blog: vitalik.ca/ Vitalik on Twitter: twitter.com/VitalikButerin ------ Don't stop at the video! Subscribe to the Bankless newsletter program bankless.substack.com/​ Visit the official Bankless website banklesshq.com/​ Follow Bankless on Twitter twitter.com/BanklessHQ​ Follow Ryan on Twitter twitter.com/ryansadams​ Follow David on Twitter twitter.com/TrustlessState​ ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

Bankless Fan and SEC Commissioner Hester Peirce comes on the podcast to discuss tokens, DeFi, 'self-driving banks,' and regulation. ------ 🎙️ Bankless Podcasts On Mondays 🌟Early Access with Premium! banklesshq.com/nation/ 🎖 If you're truly Bankless, CLAIM YOUR BADGE: newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge 🌟Rate the Bankless Podcast! podcasts.apple.com/us/podcast/bankless/id1499409058 🎧 Get this Episode's Debrief: shows.banklesshq.com/p/exclusive-debrief-sec-and-defi-with ------ BANKLESS SPONSOR TOOLS: 💰 GEMINI | FIAT & CRYPTO EXCHANGE bankless.cc/go-gemini 🦊 METAMASK | DEFI PASSPORT bankless.cc/metamask 🦄 UNISWAP | DECENTRALIZED EXCHANGE bankless.cc/uniswap 🔀 KWENTA | SYNTHETIC ASSET EXCHANGE bankless.cc/kwenta ------ Bankless Podcast #60 - SEC & DeFi Guest: Hester Peirce Hester Peirce is one of five SEC Commissioners and has been a knowledgable advocate for crypto as the world works out how to regulate the budding industry. The main goals of the Security & Exchange Commission are threefold – to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The SEC governs far more than crypto, but increasing attention is coming to the space as capital gravitates into it. Regulating crypto begins with officially establishing the asset class, e.g. currencies, capital assets, commodities, equities, et al. The next step is giving these assets legitimacy in existing financial institutions through exchange-traded products like a Bitcoin ETF. Below the base money layer, there exists Layer 0, the social layer. Layer 0 must be willing to officially play ball with the cryptoeconomy, and that's what makes regulators like Hester so important. The net optimization of these layers makes for an unequivocally better society: a more inclusive, equitable, and efficient one. Hester believes in governing principles, not specific technologies. It's important here to remember the three main goals of the SEC. The value propositions of crypto – providing a permissionless, trustless, and verifiable means to transact – are in accord with the values of a free state. The role of government is to encourage and protect mutually beneficial, voluntary engagement among citizens. Although the harmony between crypto's core values and those of a free state are readily apparent to a seasoned Bankless listener, the rest of Layer 0 must still be convinced. Crypto is a frontier with infinite possibilities, and effectively regulating such an ecosystem is a massive task. However, based on this conversation, there seem to be many reasons to be optimistic about the future of Crypto & DeFi regulation. ------ Topics Covered: 0:00 Intro 4:57 Crypto Mom 10:14 Regulating Principles 14:07 🚀 Atomic Trading 🚀 17:59 Dormant Potential 21:16 Benefits of Good Regulation 24:17 Challenges of DeFi 27:13 Understanding Principles 32:01 The DeFi Mullet & Other Narratives 36:47 What is the SEC? 45:12 What Needs to Change? 49:22 A Safe Harbor for Launches 54:38 Good Regulations So Far? 59:03 Easier Than 2017? 1:03:38 Regulatory Clarity and Tokens 1:05:19 Expressing Decentralized Power 1:09:40 Moving Faster and Faster 1:11:12 NFTs and Capital Assets 1:15:34 Racing Against Innovation 1:18:38 Let the Experiment Run 1:22:25 When Bitcoin ETF? 1:25:21 Protecting the Dollar 1:27:55 Optimism for 2021 and Beyond 1:32:04 Closing & Disclaimers ------ Resources: 🚀 Atomic Trading 🚀 www.sec.gov/news/speech/peirce-atomic-trading-2021-02-22 Get Ready For Self-Driving Banks www.ft.com/content/c1caca5b-01f7-41be-85a4-3ecb883f2417 Gary Gensler MIT Crypto Course youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn Hester on Twitter: twitter.com/HesterPeirce?s=20 ------ This Week on Bankless: 🧢 Weekly Action Recap (4/10): newsletter.banklesshq.com/p/the-coinbase-tsunami-weekly-recap 🗞️ Weekly Rollup (4/9): shows.banklesshq.com/p/-rollup-coinbase-ipo-fei-protocol 🏴 dYdX & StarkWare (4/6): shows.banklesshq.com/p/sotn-41-scaling-defi-with-dydx-and ⚒️ How to Crypto Tax (4/6): newsletter.banklesshq.com/p/how-to-do-crypto-taxes-for-the-lazy ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Do your own research. Disclaimer: The views expressed in the episode are those of Hester Peirce, not the SEC nor any of her fellow commissioners. Disclosure: From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: newsletter.banklesshq.com/p/bankless-disclosures

🚀 SUBSCRIBE TO NEWSLETTER: bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: merch.banklesshq.com/ ----- 📢 DEFI BUILDER? APPLY TO FILECOIN ACCELERATOR FOR $20K GRANT bankless.cc/filecoinapply ----- GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️LEDGER - BEST HARDWARE WALLET TO SECURE YOUR CRYPTO bankless.cc/ledger-20 🚀ARGENT - GET THE MOST SIMPLE AND SECURE DEFI WALLET bankless.cc/argent 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS bankless.cc/monolith 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU bankless.cc/yearn ------ The World is Waking Up to Crypto | Raoul Pal Raoul Pal is the CEO and co-founder of Real Vision, which is a content production studio focused on democratizing access to financial knowledge. He is an investor with a sharp eye on the global macro environment, and has a strong grasp on the relationship between history and economics. Raoul is famous for being 'irresponsibly long' on Bitcoin, and has expressed similar favourable attitudes towards Ethereum and DeFi. We start the episode asking about the role that Bitcoin fills in the current financial crises. What about the current state of the world makes Raoul bullish on Bitcoin? Why does the world need it? Why now? - What are the factors that are influencing the incentives behind central governments printing money? Raoul is generally of the opinion that the money printer is going to be forced to turn on - Why forced? - How does the looming retirement crisis impact the valuation of Bitcoin? - Does Raoul think about how the U.S. might become really jealous of people taking their newly printing money and buying Bitcoin with it? Then, we turn the conversation to Ethereum, and Ether, as well as the Bankless thesis! Tune in! Real Vision: www.realvision.com/ Retirement crisis video: www.youtube.com/watch?v=5OFaZcC0lRU&t=1611s Reinventing the money system with Ethereum: www.youtube.com/watch?v=0cZtrX2EHtw Bitcoin is a life raft: www.youtube.com/watch?v=qL2LfVRl3J0 ------ Don't stop at the video! Subscribe to the Bankless newsletter program bankless.substack.com/ Visit the official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState Follow DeFi Dad on Twitter twitter.com/DeFi_Dad ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

BLACK FRIDAY DEAL: GET LEDGERS for 40% OFF! 🔥🔥🔥 bankless.cc/ledger 🚀 SUBSCRIBE TO NEWSLETTER: bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: merch.banklesshq.com/ ----- GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️LEDGER - 40% OFF LEDGERS THIS WK ONLY! 🔥🔥🔥 bankless.cc/ledger 🚀 ZERION - INVEST IN DEFI FROM ONE PLACE (download it now!) bankless.cc/zerion 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS bankless.cc/monolith 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU bankless.cc/yearn ------ A Crypto Civilization | Balaji Srinivasan No one blends the academic, startup, & venture world quite like Balaji Srinivasan. With multiple engineering degrees, multiple exits, being early into Bitcoin, selling a company to Coinbase, being CTO to Coinbase, Balaji lives on the cusp of the frontier of human innovation. Rumor is that he’s trying to create a digital country, we’re gonna talk about it. - Legacy of COVID creating distrust In Institutions Balaji thinks that the world is ready for new institutions and that the movement of time is to generate new solutions rather than repair old ones. - ‘Crypto-civilization’, or what Balaji calls: The Network State The leveraging of the most useful modern technology and coordination tools, to produce structurally independent organizations - Digital Nations vs the Nation-State How might this independence generate friction with the status quo? And of course, how does a new 'crypto civilzation' actually manifest. Balaji is a real Big Brain thinker, so strap yourself in! ------ Don't stop at the video! Subscribe to the Bankless newsletter program bankless.substack.com/ Visit the official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

🚀 SUBSCRIBE TO NEWSLETTER: bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: merch.banklesshq.com/ ----- 📢 DEFI BUILDER? APPLY TO FILECOIN ACCELERATOR FOR $20K GRANT bankless.cc/filecoinapply ----- GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️LEDGER - BEST HARDWARE WALLET TO SECURE YOUR CRYPTO bankless.cc/ledger-20 🚀 ZERION - INVEST IN DEFI FROM ONE PLACE (download it now!) bankless.cc/zerion 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS bankless.cc/monolith 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU bankless.cc/yearn ------ 39 - Grayscale: $10B Bridge to Crypto | Michael Sonnenshein Michael Sonnenshein is the Managing Director at Grayscale Investments, the largest digital currency asset management company by far. You may have seen a GBTC or ETHE products in your Schwab account, a way price exposure to ETH and BTC ...wondered what those things are? We're going to talk about that today with Michael. Grayscale has built a bridge for almost $10B to flow into the crypto world, by working inside the legacy system, rather than outside of it.  Listen to this podcast to see how Grayscale is helping promote crypto!  Retail products: What Greyscale products can the average, unaccredited retail investor buy today? - What’s the difference between GBTC/ETHE and an ETF? - What are the fees? Accredited investors products ($1m in assets or $200k per year)  How do accredited investors power the Grayscale trust? - What narratives that are driving the inflows? - What are the most popular products with this group? - Bitcoin Trust: $39.5 million - Ethereum Trust: $9.0 million  - Large Cap Fund: $1.1 million  Bitcoin Investor Study - what were the takeaways? Size of Greyscale relative to the supply of crypto-assets it holds - How much BTC supply - 400k in June (3-4% of all Bitcoin)? - As a proportion of mined BTC? - How much ETH supply do you own? - Can Grayscale do a staked ETH product? Any other yield-bearing products? What’s Greyscale’s next move? - Expanding more outside BTC? - Getting acquired? - AUM size? - Specifically with DeFi? Action items: Read reports Bitcoin Investor Study grayscale.co/insights/bitcoin-investor-study-2020/ If you’re looking at GBTC or ETHE in your portfolio premium vs spot price first: ycharts.com/companies/GBTC/discount_or_premium_to_nav ycharts.com/companies/ETHE/discount_or_premium_to_nav 5 - star reviews the podcast! ------ Don't stop at the video! Subscribe to the Bankless newsletter program bankless.substack.com/ Visit the official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState Follow DeFi Dad on Twitter twitter.com/DeFi_Dad ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

🚀 SUBSCRIBE TO NEWSLETTER: bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: merch.banklesshq.com/ ----- GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️LEDGER - BEST HARDWARE WALLET TO SECURE YOUR CRYPTO bankless.cc/ledger 🚀 ZERION - INVEST IN DEFI FROM ONE PLACE bankless.cc/zerion 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS bankless.cc/monolith 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU bankless.cc/yearn ------ State of the Nation #28 Algorithmic Stablecoins, with Dan Elitzer Dan Elitzer recently co-founded Nascent (nascent.xyz), a venture capital company that is deep into the weeds in some of the most experimental projects in the Ethereum ecosystem. In the 2nd half of 2020, some of the coolest experimental projects have been Algorithmic, Uncollateralized Stablecoins. These are stablecoins without dollars in a bank, or without crypto in a vault. They are completely backed by financial incentives.... and faith in those incentives. In this episode of State of the Nation, we begin by defining the 'Stablecoin Trilemma' (imgur.com/a/Uj0HBL3), and discuss some of the history of stablecoins. Then we turn to the current design philosophy behind algorithmic stablecoins, how they work, what makes them stable, and who gets the upside? We largely discuss Empty Set Dollar (ESD, www.emptyset.finance/), but also discuss Basis Cash, and Ampleforth. Tune in, to hear about this exciting emerging corner of the DeFi ecosystem! ------ Don't stop at the video! Subscribe to the Bankless newsletter program bankless.substack.com/ Visit the official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case

🚀 SUBSCRIBE TO NEWSLETTER: bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: merch.banklesshq.com/ ----- GO BANKLESS WITH THESE SPONSOR TOOLS: 🌐 UNSTOPPABLE DOMAINS - HUMAN READABLE ETHEREUM & CRYPTO ADDRESSES bankless.cc/unstoppable 🌈 ZAPPER - ULTIMATE HUB FOR DEFI - ZAP INTO DEFI bankless.cc/zapper 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS bankless.cc/monolith 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU bankless.cc/yearn ------ 35 - Designing Ethereum | Vitalik Buterin With Ethereum 2.0 on the horizon, we bring Vitalik Buterin back onto the podcast to discuss the 'why' behind many of the design choices of Ethereum 2.0 Why Proof of Stake? Why Sharding? What political values is Ethereum going for and how does that constrain the design space? We also go over what has been discovered and added between the 2015 launch of Ethereum 1.x, and where we are now, such as - EIP1559 - Rollups as well as Vitaliks view of a 'rollup centric Ethereum' We also discuss the process going getting Ethereum 1 onboarded into Ethereum 2.0, as well as a rollup-round where we ask some quick questions! 'Rollup Centric Ethereum' blog post: ethereum-magicians.org/t/a-rollup-centric-ethereum-roadmap/4698 Get ready for Staking: bankless.substack.com/p/guide-becoming-a-validator-on-the History: History blog.ethereum.org/2014/01/15/slasher-a-punitive-proof-of-stake-algorithm/ vitalik.ca/general/2019/11/22/progress.html blog.ethereum.org/2014/11/25/proof-stake-learned-love-weak-subjectivity/ vitalik.ca/general/2020/08/17/philosophy.html ------ Don't stop at the video! Subscribe to the Bankless newsletter program bankless.substack.com/ Visit the official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState Follow DeFi Dad on Twitter twitter.com/DeFi_Dad ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

🚀 SUBSCRIBE TO NEWSLETTER: bankless.substack.com/ ✊STARTING GUIDE BANKLESS: bit.ly/37Q17uI ❤️JOIN PRIVATE DISCORD: bit.ly/2UVI10O 🎙️SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ ----- Episode: #21 July 13, 2020 Ethereum turns 5 on July 30th! That's 5 years of history. Five years of progress. Time enough to change the world? We sit down with Vitalik Buterin and walk through Ethereum's past, present, and future. Has the vision changed? Has ETH earned its price? What about monetary policy? How's Vitalik feeling about the future? Is ETH a triple-point asset? It seems clear that Vitalik believes the Ethereum community is its strongest asset. This band of Athenians isn't just here to vanquish foes, it's here to build a digital civilization for the world. Not burn it down. Build it up. Vitalik believes crypto is standing strong as one of the few remaining things that's genuinely international. And as we witness the balkanization of the digital world, the open door to cooperation that Ethereum provides is exactly what humanity needs in order to thrive in the 21st century. Happy 5th Birthday Ethereum! The world needs you now more than ever. We cover: How Vitalik's feeling about Ethereum PAST: - Times when Vitalik was far less optimistic - Has Ethereum matched the original vision? - Identity in an independent digital civilization PRESENT: - Does Vitalik like or hate DeFi? - Vitalik's biggest concern for DeFi - Thoughts on liquidity mining - The goods & bads of speculation - Have we earned the price? FUTURE: - 3 problems we face now - Spartans vs Athenians - who wins? - Is Ethereum a nation, a religion, a technology? - How Etheruem is like Briton ETH THE ASSET - Is ETH a triple point asset? - Solidifying ETH's monetary policy ROLLUP ROUND - Gas fees are too high? - ETH flippening BTC? - Low hanging fruit? - His favorite ETH killer? And more... Join us next Monday for a fresh episode! ----- GO BANKLESS WITH THESE SPONSOR TOOLS: 💸 RAMP - FIAT ONRAMP FOR DEFI (ONRAMP $100k FREE WHEN YOU MENTION BANKLESS) bankless.cc/ramp 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS bankless.cc/monolith 🌈AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK bankless.cc/aave 💸 ROCKET DOLLAR - TAX SHELTER YOUR CRYPTO ($50 w/ "BANKLESS") bankless.cc/rocketdollar ----- Resources discussed: - The Ethereum whitepaper ethereum.org/en/whitepaper/ - Roadmap for Ethereum twitter.com/VitalikButerin/status/1240365047421054976 - Ethereum's monetary policy (it's underrated!) docs.ethhub.io/ethereum-basics/monetary-policy/ ---- Episode Actions: 1. Review Ethereum timeline (up to 2019) www.visualcapitalist.com/mapping-major-ethereum-forks/ 2. Listen to our fave episodes on Ethereum - Economic Bandwidth podcast.banklesshq.com/economic-bandwidth - Ether: The Triple Point Asset podcast.banklesshq.com/4-ether-the-triple-point-asset - Ether’s Value Mechanisms podcast.banklesshq.com/7-ethers-value-mechanisms - The Ethereum Opportunity | Chris Burniske podcast.banklesshq.com/20-infinite-whitespace-chris-burniske 3. Give us a 5-star review on Apple iTunes! Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday! ---- Don't stop at the video! Subscribe to the Bankless newsletter program bankless.substack.com/ Visit the official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState Follow DeFi Dad on Twitter twitter.com/DeFi_Dad ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

David reads aloud his article "A Bankless Nation, Part 2".

bankless.substack.com/p/a-bankless-nation-part-ii-

Learn about a concept DeFi Dad recently posted about where you'd use TokenSets as a DeFi stop-loss. The idea is that if you want exposure to a TokenSet trading strategy (ideally a Robo Set) and if that criteria for a rebalance from ETH to a stablecoin is nearly met, you can buy a Set like ETH 20 Moving Average Crossover Yield and allow the Set to act like a stop-loss, selling out of ETH if the price were to fall.

Be aware there's always risk with smart contracts when you use a DeFi app like TokenSets and you should also think about the possibility that ETH could draw down in price, cause the Set to rebalance from 100% ETH to 100% cUSDC, and then move upwards before the Set can buy back ETH, meaning you're now buying back ETH at a higher price. That being said, check out the historical performance of ETH20SMACO Yield by going to determine whether this might work for you. It's much simpler than setting a stop-loss because you can leave your ETH in this Set in the hope it might outperform holding ETH.

Video by: DeFi_Dad
Follow @DeFi_Dad on Twitter

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Disclaimer & Risks: This is not financial advice and you should approach all DeFi applications with caution. TokenSets comes with smart contract risk and there's no guarantee that putting your money into a Set will outperform simply holding ETH.
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To learn more about Bankless and DeFi living:

Subscribe to Bankless Program:
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Episode: #11 May 11, 2020 Your savings account, your high-yield bank deposits, a CD. Can we replace these bank functions with a protocol? Compound seems to think so. Compound is a two-sized money robot that provides borrowing and lending to create something new: interest. Learn what it does, why it's powerful, and how it's evolving as we talk with Robert Leshner. We even ask if there's a way for the community to get its hand on some Comp tokens and start shaping the future of the protocol. ----- GO BANKLESS WITH THESE SPONSOR TOOLS: 💸 ROCKET DOLLAR - TAX SHELTER YOUR CRYPTO ($50 w/ "BANKLESS") www.jdoqocy.com/click-9261763-13920047 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS monolith.xyz/ 🌈AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK aave.com/ 📈DYDX - trade, margin, BTC perpetuals (10% off with this link) trade.dydx.exchange/r/bankless ---- We cover: - What you can do w/ Compound - Power of programmable interest - How Compound's different than: - WellsFargo (traditional banks) - Maker (other protocols) - BlockFi (crypto banks) - If crypto banks will out-compete DeFi - How you can get COMP tokens - Future of protocol politicians - The protocol sink thesis - Robert's biggest fear for DeFi - How the Bankless community can help This is our final of three episodes in the "King Money Protocols Series" where we talk through the three most important DeFi protocols. Catch up on Episode 10 and Episode 9 if you missed them. Before the episode begins we also talk about: - Tron stealing our tax money - What wBTC backing means for DAI ---- SUBSCRIBE TO BANKLESS PROGRAM: bankless.substack.com/ ----- EPISODE ACTIONS: 1) Try earning interest on Compound 2) Stay tuned for governance opportunities: 3) Subscribe to this YouTube channel! ----- EPISODE RESOURCES: Compound protocol - interface compound.finance/ Dharma - build on Compound www.dharma.io/ Compound governance - interface compound.finance/governance Ryan's voting record - two votes! compound.finance/governance/address/0xfdaae0c5a7a56c8265b9f86cf8cd934a494e3733 Read: How to get a Dai savings Rate - include Compound bankless.substack.com/p/how-to-get-a-dai-saving-account ----- LEVEL UP FASTER: Subscribe to the Bankless newsletter program bankless.substack.com/ Visit official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState --- NOTE: Bankless may receive commission if you make a purchase through one of the links above. Thanks for your support!

🚀 SUBSCRIBE TO NEWSLETTER: bankless.substack.com/ ✊STARTING GUIDE BANKLESS: bit.ly/37Q17uI ❤️JOIN PRIVATE DISCORD: bit.ly/2UVI10O 🎙️SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ ----- EXPLORING THE FRONTIER | ERIK VOORHEES August 3rd, 2020 Erik's been journeying into the bankless frontier since 2011. That's when he first discovered bitcoin. The open road. The unsettled whitespace. The westward trail. The highway to freedom. That's why he's here. And he's remained true to his values. That's why he speaks out against tyranny. That's why he embraces self-sovereign money and pokes holes in the myths of fiat. That's why he so ardently rejects maximalism.  Enjoy our conversation with one of cryptos original settlers.  We cover: - Erik's journey into the bankless frontier - The libertarian values in the code - Why America isn't capitalist - Why flag bucks are destined for collapse - Gold, Bitcoin, Ethereum - 4 categories of coins - Crypto vs the final boss - China vs America - Why Maximalists lost the plot - PRICE PREDICTIONS! - How Shapeshift helps us go bankless Join us next Monday for a fresh episode! ----- GO BANKLESS WITH THESE SPONSOR TOOLS: 💸 LOOPRING - TRADE ON ETHEREUM SUPER FAST & W/ NEAR-ZERO GAS FEES (use "Bankless" for VIP4 status & a huge discount on frees!) loopring.io/invite/bankless 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS bankless.cc/monolith 🌈AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK bankless.cc/aave 💸 ROCKET DOLLAR - TAX SHELTER YOUR CRYPTO ($50 w/ "BANKLESS") bankless.cc/rocketdollar ----- Resources discussed: (Trade) ShapeShift mobile trading app shapeshift.com/download (UX) Portis web3 login www.portis.io/ (Guide) Bankless guide for starting the journey bankless.substack.com/p/-guide-1-starting-with-bankless ----- Episode Actions 1. Try the new ShapeShift mobile trading app 2. Give us a five-star review on iTunes! (we’re getting close to 100) Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday. ----- Don't stop at the video! Subscribe to the Bankless newsletter program bankless.substack.com/ Visit the official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState Follow DeFi Dad on Twitter twitter.com/DeFi_Dad ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

🚀 SUBSCRIBE TO NEWSLETTER: bankless.substack.com/ ✊STARTING GUIDE BANKLESS: bit.ly/37Q17uI ❤️JOIN PRIVATE DISCORD: bit.ly/2UVI10O 🎙️SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ ----- Episode: #25 - YFI: Farming the farmers with Andre Cronje August 10th, 2020 Andre Cronje calls himself just another DeFi dev, but you can't help but wonder, is he's underselling himself with that title? In a few short months he single-handedly created a fleet of DeFi yield farming money robots that locked up over $400m in assets in his yearn protocol. He launched a YFI token that grew in value by over 1,000% in its first week, one of the most explosive price charts crypto has ever seen. No pre-mine, no VC, no founders reward. Maybe a better title is King of the Yield Farmers. DeFi's Satoshi. Who is this guy? What did he build and why is it brilliant? Why did YFI go from $3 on July 17th to $5000 on August 8th? This is everything you need to know about yearn, YFI, and Andre. We cover: - How Andre's really feeling - What's up with "I test in prod" - Why high YFI price can be bad - How Yearn automates yield farming - Andre's money robots - Incenting strategy writers - Risks of yearn - Launching YFI to scale - Why people buy YFI - Organic governance - Is Andre The Joker? - What's coming next Join us next Monday for a fresh episode! ----- GO BANKLESS WITH THESE SPONSOR TOOLS: 💸 LOOPRING - TRADE ON ETHEREUM SUPER FAST & W/ NEAR-ZERO GAS FEES (use "Bankless" for VIP4 status & a huge discount on frees!) loopring.io/invite/bankless 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS bankless.cc/monolith 🌈AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK bankless.cc/aave 💸 ROCKET DOLLAR - TAX SHELTER YOUR CRYPTO ($50 w/ "BANKLESS") bankless.cc/rocketdollar ----- Resources discussed: - yEarn protocol yearn.finance/ - yEarn governance gov.yearn.finance/ - YFI price chart www.coingecko.com/en/coins/yearn-finance Acronym helper: - LP = liquidity provider - yearn (or "Y-earn") = Andre's protocol - cUSD, cDAI = stablecoins in Compound - TLV = total locked valued in a DeFi protocol - Look up other assets on DeFiMarketCap ----- Episode Actions 1. Try yearn protocol- "tested in prod" you could lose it all yearn.finance/ 2. Get involved in yearn governance gov.yearn.finance/ 3. Listen to SOTN#7 - YFI Token Magic w/ Daryl Lau podcast.banklesshq.com/sotn7-explosive-special-guest-daryl-lau-yfi-token-magic-eth-pumped-defi-risk Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday. ----- Don't stop at the video! Subscribe to the Bankless newsletter program bankless.substack.com/ Visit the official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState Follow DeFi Dad on Twitter twitter.com/DeFi_Dad ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

Episode: #14 June 1, 2020 Cameron & Tyler Winklevoss on Bankless! The mainstream world knows them as Zuckerberg's bane from "The Social Network" but the bankless world knows them as multi-faceted entrepreneurs, early believers in crypto, and the founders the Gemini exchange. Whatever you think you know about the Winklevoss twins you have to admit...these guys have an uncanny ability to see the future. So what do they see in our future? ----- GO BANKLESS WITH THESE SPONSOR TOOLS: 💸 RAMP - FIAT ONRAMP FOR DEFI (ONRAMP $100k FREE WHEN YOU MENTION BANKLESS) ramp.network/ 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS monolith.xyz/ 🌈AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK aave.com/ 📈MULTIS - BANK YOUR BUSINESS W/O A BANK! (1 MO TRIAL - JUMP QUEUE WITH "BANKLESS") multis.co/ ------ Future of crypto? Future of DeFi? Of the world? They bridged technology to our social lives. They bridged crypto to Wall Street. What bridges are they building next? Is Gemini the DeFi-friendly bank we've been waiting for? We cover: - How Cameron & Tyler "see things" early - What the Winklevosses first saw in Bitcoin - The evolution of crypto banks - JPMorgan is banking Gemini!! - Big Banking vs Big Tech - Is Gemini DeFi friendly? - Why the Winklevosses are ETH whales - What's the next crypto-sized opportunity? Will the Winklevosses turn Gemini into a bridge to DeFi money protocols? Listen to the episode and decide for yourself! Note: David and I skipped our Big Picture chat this week to get straight to the Winklevoss convo but we're releasing our Big Picture chat in a special Bankless episode coming to you on Wednesday June 3rd! ---- SUBSCRIBE TO BANKLESS PROGRAM: bankless.substack.com/ ----- EPISODE ACTIONS: 1. Look at DAI trading pair on Gemini gemini.com/ 2. Check back for Bonus Bankless podcast on Wednesday! www.youtube.com/c/bankless 3. Give Bankless at 5-star review on iTunes podcasts.apple.com/us/podcast/bankless/id1499409058 ----- RESOURCES : (News) JP Morgan Banks Gemini www.coindesk.com/coinbase-gemini-first-crypto-exchange-customers-jpmorgan-bank-report (Article) How to Bank your Businness without a Bank bankless.substack.com/p/how-to-bank-your-business-without ----- LEVEL UP FASTER: Subscribe to the Bankless newsletter program bankless.substack.com/ Visit official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState --- NOTE: Bankless may receive commission if you make a purchase through one of the links above. Thanks for your support!

🚀 SUBSCRIBE TO NEWSLETTER: bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: merch.banklesshq.com/ ----- GO BANKLESS WITH THESE SPONSOR TOOLS: 🌐 UNSTOPPABLE DOMAINS - HUMAN READABLE ETHEREUM & CRYPTO ADDRESSES bankless.cc/unstoppable 🌈 ZAPPER - ULTIMATE HUB FOR DEFI - ZAP INTO DEFI bankless.cc/zapper 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS bankless.cc/monolith 💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY bankless.cc/AMPL-MINE ----- Aave to Billions | Stani Kulechov Stani Kulechov is the Founder of the Aave money market, a place for lending and borrowing assets in DeFi. Aave has marched up the DeFi leaderboard to become one of the top protocols with the most amount of value deposited into its contracts. Aave's token LEND has increased 3300% since its bear market low. What contributed to Aave's success? What did Aave do differently? Why did Aave's community thrive when others died? What's next for Aave and Aavenomics? We ask Stani these questions and many more, in order to get a glimpse of what is successful in this DeFi frontier! ------ WE COVER 1) Crypto-Native Founders 2) Early days of Aave -- ETHLend and the Aave pivot 3) Sticking it out through the bear market 4) Establishing the team-community relationship 5) Rising the Ranks of DeFi 6) VC investment vs ICO investment; pros and cons 7) Aave moves FAST! 8) Aavenomics and Aave Roadmap 9) Bull Market Predictions! ----- RESOURCES DISCUSSED: 1. David's article about MKR referenced by Stani bankless.substack.com/p/evaluating-mkrs-tokenomics ----- ACTIONS 1) Read delegated credit explainer article bankless.substack.com/p/unsecured-loans-are-coming-to-defi 2) Read about Aavenomics + Aave roadmap  docs.aave.com/aavenomics/ medium.com/aave/aave-v2-the-seamless-finance-d52075d97a70 3) Give us a 5 star review on iTunes! ------ Don't stop at the video! Subscribe to the Bankless newsletter program bankless.substack.com/ Visit the official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState Follow DeFi Dad on Twitter twitter.com/DeFi_Dad ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

🚀 SUBSCRIBE TO NEWSLETTER: bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: merch.banklesshq.com/ ----- GO BANKLESS WITH THESE SPONSOR TOOLS: 🌐 UNSTOPPABLE DOMAINS - HUMAN READABLE ETHEREUM & CRYPTO ADDRESSES bankless.cc/unstoppable 🌈 ZAPPER - ULTIMATE HUB FOR DEFI - ZAP INTO DEFI bankless.cc/zapper 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS bankless.cc/monolith 💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY bankless.cc/AMPL-MINE ------ Synthetix to Billions | Kain Warwick Kain Warwick is known for leaning crypto-anarchist. How did this come about? How has this impacted the building of Synthetix? Synthetix itself has stood resilient against the 2018/19 bear market. Why? What was the unique advantage of Synthetix vs other 2017 ICO platforms? What's next for Synthetix now that gas fees are 200+ gwei? WE COVER: 1) Kain's political stance 2) How this reflected in Synthetix 3) Motivation and Grit around building and producing 4) Growing Community and Culture during a bear market 5) Degen Spartan, and 6 dolla SNX 6) Introducing the SIP process 7) Introducing Yield Farming 8) Recursive upside/downside to SNX + ETH collateral in Synthetix 9) L2 scaling with Optimism 10) Bull market predictions ------ FURTHER RESOURCES: Synthetix & Optimism: medium.com/ethereum-optimism/synthetix-exchange-meets-the-ovm-2de3a572d6df Rate the Podcast 5 Stars! ------ Don't stop at the video! Subscribe to the Bankless newsletter program bankless.substack.com/ Visit the official Bankless website for resources banklesshq.com/ Follow Bankless on Twitter twitter.com/BanklessHQ Follow Ryan on Twitter twitter.com/ryansadams Follow David on Twitter twitter.com/TrustlessState Follow DeFi Dad on Twitter twitter.com/DeFi_Dad ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.

Crypto's OG darling exchange, Uniswap is under attack after it received an enforcement notice on Wednesday, April 10th, 2024 from none other than Gensler's anti-crypto SEC.

Uniswap’s CEO Hayden Adams won't be going down without a fight though.

Bankless created this open-edition mint in an act to support the fight. Are you ready for battle, anon?

100% of the proceeds will be going to the DeFi Education Fund.