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    Bankless

    The Ultimate Guide to Crypto Finance. DeFi, NFTs, and cryptocurrencies. Level up. Go bankless.

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    Latest Episodes:
    184 - Why Facebook’s Stablecoin Failed, with David Marcus Aug 21, 2023
    Show notes

    David Marcus started a company that was acquired by PayPal, he then became President of PayPal (running the company), then he joined Facebook as VP of the Messenger app, and that’s when he started Facebook’s Libra project. Currently, he’s the CEO and Co-founder of Lightspark, a company that builds out Bitcoin Lightning tech.

    ------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-david-marcus

    ----- From whitepaper to being summoned in front of Congress in 3 weeks…what really happened to Facebook’s stablecoin endeavors and what can we learn from it?

    This episode is a post-mortem of Facebook’s highly ambitious crypto project from 2019. They tried to build a stablecoin but the U.S. government stopped it.

    Topics covered in today’s episode: 1) Facebook’s Libra project…why did it fail? Who tanked it? The U.S. gov? The banking lobby? Why can’t the West seem to innovate its banking systems? 2) Why SuperApps won’t work? 3) Why our David Marcus thinks the money layer of the internet will be built on crypto…but more specifically…on Bitcoin!

    ----- TIMESTAMPS

    0:00 Intro 7:20 The Libra Project 9:10 Facebook’s Involvement 9:59 Super App Thesis 12:05 Getting Government Approval 14:39 Messaging & Payments Intersection 16:45 Releasing the White Paper 18:05 Libra’s Government Reaction 19:50 Summoned to Congress Experience 21:25 U.S. Crypto Competition 25:40 Government Money Power Structure 30:00 FedNow 42:40 Will Twitter/X Become a Super App? 48:18 Bear Case for Super App 51:42 Lightspark 54:35 Bitcoin vs. Stablecoins 58:15 Why Lightning Uses Bitcoin 1:06:25 Bitcoin vs. Ethereum 1:11:37 The Future in 5-10 Years 1:14:40 Closing & Disclaimers

    ----- RESOURCES

    David Marcus https://twitter.com/davidmarcus

    Lightspark https://twitter.com/Lightspark

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


    David and Anthony Discuss the Crypto Meta Aug 19, 2023
    Show notes

    David speaks with Anthony from the Daily Gwei about the current crypto meta, price swings, and emerging narratives from around the Ethereum sphere.

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

    ------ 📣 SAFE CORE | Smart Wallet Infrastructure https://safe.global/core

    ------ BANKLESS SPONSOR TOOLS:

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

    🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask

    ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum ⁠

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

    🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap

    👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader

    ----- RESOURCES

    Anthony Sassano https://twitter.com/sassal0x

    Daily Gwei https://twitter.com/thedailygwei

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


    ROLLUP: Friend.Tech | SBF to Jail | SEC vs Coinbase Aug 18, 2023
    Show notes

    WRU 3rd Week Of August ----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT

    ------ BANKLESS SPONSOR TOOLS:

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

    🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING https://bankless.cc/MetaMask

    ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum ⁠

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

    🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap

    👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader

    ----- TIMESTAMPS & RESOURCES 0:00 Intro 3:46 MARKETS 4:52 L2 Beat Check https://l2beat.com/scaling/summary 5:44 US GDP Aint Bad https://www.reuters.com/markets/us/atlanta-fed-model-lifts-us-third-quarter-gdp-view-58-2023-08-16/ 8:38 Base Activity UP https://l2beat.com/scaling/projects/base 13:51 Permissionless Party! https://media.discordapp.net/attachments/1141000052253397112/1141127988935655485/BK_invite.jpg?width=1620&height=2096 18:00 Friend.Tech https://twitter.com/BanklessHQ/status/1690137625414569986?s=20 https://twitter.com/_ThePinkyToe/status/1691818070317081080?s=20 https://twitter.com/0xfoobar/status/1689961952007561216 24:36 FriendMEX https://friendmex.com/ https://twitter.com/nnnnicholas/status/1691591282395619686?t=aB2QdT8F3LV0pNh1rZCCDA&s=19 31:31 SEC vs. Coinbase https://dailyhodl.com/2023/08/14/blockchain-association-supports-coinbase-in-amicus-brief-filing-says-sec-short-circuiting-legislative-process/ https://twitter.com/MetaLawMan/status/1690355411373772800 35:36 SBF In Jail https://storage.courtlistener.com/recap/gov.uscourts.nysd.590939/gov.uscourts.nysd.590939.200.0.pdf https://finance.yahoo.com/news/the-existence-is-pretty-bleak-the-harsh-conditions-sam-bankman-fried-will-face-behind-bars-202511231.html https://twitter.com/MetaLawMan/status/1691200324269228032 41:37 Fraud Proofs! Do they matter? https://twitter.com/MattFiebach/status/1691600391635427360?s=20 https://twitter.com/koeppelmann/status/1690395159538634753?s=20 https://twitter.com/DCbuild3r/status/1691610447663735288?s=20 50:21 Gitcoin partnered with Shell https://twitter.com/gitcoin/status/1691092823872073728 https://imgur.com/ekdl7LP https://twitter.com/owocki/status/1691488210315288576 54:56 CoW Swap releases TWAP orders https://twitter.com/CoWSwap/status/1692152855694803112?s=20 56:07 Visa testing onchain payments https://twitter.com/digitalmustafa/status/1689741716084215809?s=20 58:24 Argentina's Pro Crypto Candidate https://www.thestreet.com/cryptocurrency/argentina-pro-bitcoin-candidate-javier-milei 1:00:05 Donald Trump's Crypto Wallet https://twitter.com/ArkhamIntel/status/1691875444809781337?s=20 1:01:59 3AC in trouble again https://twitter.com/CoinDesk/status/1691791478815641859?s=20 1:03:38 Bankless Airdrop Hunter! https://bankless.cc/JoinYourFirstHUNT 1:09:26 BitGo Raises https://www.coindesk.com/business/2023/08/16/bitgo-raises-100m-after-scrapping-prime-trust-deal-bloomberg/ 1:12:35 Questions from the Nation https://discord.com/channels/615592155481767941/1058053004705669211/1138917318899027988 1:17:54 Takes Of The Week https://twitter.com/pythianism/status/1690106630610829312?s=46 1:20:10 What Are We Bullish On 1:25:21 Meme Of The Week https://twitter.com/josephdelong/status/1691961456491639022?s=20 1:26:40 Outro and Disclosures ----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠


    David's Takes: A Hitchhiker's Guide to Riding an MEV Bot Aug 17, 2023
    Show notes

    Welcome to David's takes. A new format with David and RSA where we explore David's weekly articles in 30 minutes or less.

    This week, we’re diving into one gigantic metaphor. Ethereum as a reserviour of liquidity. So sit back, relax, and enjoy "A Hitchhiker's Guide to Riding an MEV Bot".

    Read David's article here: https://www.bankless.com/a-hitchhikers-guide-to-riding-an-mev-bot/

    If you're looking for a more technical explanation check out our recent episode with Dan Robinson: https://youtu.be/h4gzZib0j48

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

    ------ BANKLESS SPONSOR TOOLS:

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

    🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING https://bankless.cc/MetaMask

    ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum ⁠

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

    🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap%E2%81%A0

    👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader ----- TIMESTAMPS 0:00 Intro 1:00 Why did David Write This? 6:17 A Reserviour of Liquidity 9:25 The Ships Metaphor 13:36 Offchain Signed Orders 17:17 Intents 22:07 Dutch Auctions 24:06 Impications Of This? 28:25 How This Impacts Bridges 30:30 What's Left To Unpack? 33:15 Closings And Disclaimers ----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠


    DeSci: How Blockchains are Powering Science 3.0 | Zuzalu #7 Aug 16, 2023
    Show notes

    In this episode, we delve into the world of DeSci, or Decentralized Science, which serves as a bridge between technologies like Synthetic Biology, Longevity, and Ethereum. DeSci aims to revolutionize the current scientific system, highlighting its flaws such as friction, corruption, and outdated practices. By utilizing blockchain technology, DeSci seeks to improve scientific institutions and processes.

    The conversation with pioneers Boris Dyakov and Mikey Fischer sheds light on the vast potential of DeSci and its ability to transform scientific progress. It goes beyond mere improvement, presenting a paradigm shift in the way science is conducted. The second conversation with Alok Tayi of VibeBio illustrates a fascinating use case for using DeSci to solve diseases that are underserved in TradSci.

    DeSci envisions open and modular scientific data, akin to the accessibility of financial tools in the blockchain world. Additionally, the emergence of DAOs in DeSci brings opportunities for capital allocation and funding clinical trials. Join us on this exploration of the frontier of Scientific Progress, where traditional and decentralized science collide.

    ------ Timestamps

    0:00 Intro 1:30 Scientific Progress

    5:30 BORIS & MIKEY 8:50 Overcoming TradSci 13:00 Open Science 16:25 VitaDAO 19:00 What is DeSci? 23:23 Bullish on Science 28:30 Onboarding Scientists 34:00 The New Infrastructure 35:00 AI and Science

    43:00 ALOK TAYI 44:10 Vibe Bio 47:00 The Long Tail of Disease 52:00 Inflection Points 54:00 Solving Disease 59:45 The Power of DAOs 1:07:45 Governance and Structure 1:11:30 The Crypto Value Add 1:14:00 Regulation 1:19:00 A New Primitive

    ------ Resources

    Boris Dyakov https://twitter.com/BJ_Dyakov?s=20

    Mikey Fischer https://twitter.com/0xMikeyF?s=20

    Alok Tayi https://twitter.com/aloktayi?s=20

    DeSci Ethereum Foundation https://ethereum.org/en/desci/

    Gitcoin DeSci Fund https://bounties.gitcoin.co/grants/5105/the-decentralized-science-community-fund

    Vibe Bio https://www.vibebio.com/

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

    Disclosure. From time-to-time we may add links in this newsletter to products we use. We may receive commission if you make a purchase through one of these links. Additionally, the Bankless team hold crypto assets. See our investment disclosures here.


    Tim Beiko & Justin Drake: The Sci-fi Roadmap to Ethereum Aug 15, 2023
    Show notes

    In today’s podcast, Justin Drake and Tim Beiko help us explore Ethereum's uncharted roadmap.

    You know about EIP-4844. You know about Proposer-Builder Separation. But the Ethereum roadmap does not stop there. It continues! Each component of the Ethereum roadmap has deeper frontiers than what you may be familiar with. 4844, PBS, these are just the first stops on a longer track of Ethereum’s Sci-Fi roadmap.

    Other areas Justin, Tim, and David explore statelessness, how VCs are subsidizing Ethereum L1 R&D efforts, enshrined rollups, how all of this stuff leads to Ethereum needing fewer and fewer honest actors to work trustlessly, what quantum computing has to do with the Ethereum roadmap, trustless mempools and so much more.

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

    ------ BANKLESS SPONSOR TOOLS:

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

    🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask

    ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum ⁠

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

    👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap

    🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

    ----- TIMESTAMPS

    0:00 Intro 5:50 Ethereum Roadmap Completion 8:30 Immediate Dev Priorities 9:50 Danksharding & Rollups as 1st Class Citizens 11:50 Why Prioritize L2s 14:50 Snarkifying the EVM 17:39 Enshrined Rollup Use Cases 20:00 EVM to zkEVM 24:48 Summary So Far 27:15 EIP-4844 28:25 Proposer-Builder Separation 37:37 MEV Burn 40:38 Statelessness 43:33 Cryptography vs. Crypto Economics 45:00 Quantum Mechanics 50:25 Statelessness Ethereum Unlock 53:10 Cryptography & Sustainability 55:55 Closing & Disclaimers

    ----- RESOURCES

    Justin Drake https://twitter.com/drakefjustin

    Tim Beiko https://twitter.com/TimBeiko

    Ethereum Discord https://discord.gg/CetY6Y4

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


    183 - Why VCs Suck | 1confirmation's Nick Tomaino & Richard Chen Aug 14, 2023
    Show notes

    Today on the Pod, we're discussing Why VCs Suck. And who better to answer that question than VCs themselves?

    We're joined by Nick Tomaino and Richard Chen of 1Confirmation to discuss the role of VCs in crypto, the outlook on the markets, and how retail should prepare for the next cycle.

    ------ ✨ DEBRIEF | Unpacking the episode: https://www.bankless.com/debrief-1conf ----- 🏹 Airdrop Hunter is launching TOMORROW https://bankless.cc/HuntersGonnaHunt ------ BANKLESS SPONSOR TOOLS:

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

    🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask

    ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum ⁠

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

    👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap

    🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku ----- Timestamps

    0:00 Intro 6:00 Nick and Richard from 1Conf 7:20 The Price Cycle 11:50 The Signal Cycle 15:55 Tourist vs Purist 20:00 Why Do VCs Suck? 28:15 Raising vs Returning 32:40 How Transparency Shapes Crypto 38:30 VC Report Card 43:45 Holding Retail Accountable 48:30 Advice for Retail 51:15 How to Not Be Exit Liquidity 59:00 Should We End VCs? 1:03:10 How 1Conf Works 1:07:40 Crypto Native VCs 1:12:30 Looking to the Next Cycle 1:17:08 Prediction Markets 1:20:00 Crypto is Ready 1:24:00 Actually Using Crypto 1:28:20 L2s vs Alt L1s

    ----- Resources

    Nick Tomaino https://twitter.com/NTmoney?s=20

    Richard Chen https://twitter.com/richardchen39?s=20

    1confirmation https://www.1confirmation.com/

    Richard's Article https://showerthoughts.substack.com/p/thoughts-on-the-current-crypto-vc

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


    Would You Live Forever? The Science and Ethics of Longevity Aug 12, 2023
    Show notes

    In this video, we delve into the frontier of longevity and the pursuit of living forever. The discussion of longevity sparks different reactions among people, with some rejecting the idea outright, deeming it unnatural or immoral.

    At Zuzalu, two distinct groups emerged—the Health and Wellness tribe, focused on healthy lifestyles, and the longevity tribe, resembling crypto enthusiasts, passionately researching the silver bullet for eternal life.

    We explore the two conversations of slowing down aging and accelerating rejuvenation, with a particular focus on the latter. Interviews with Patrick Linden, author of "The Case Against Death," Sergio Ruiz, an epigenetic reprogramming expert, and Michael Greer, founder of the Humanity app, shed light on the socio-cultural reactions, DNA reprogramming, and AI-driven longevity scoring.

    While the pursuit of longevity faces regulatory challenges, its potential to eliminate diseases and revolutionize healthcare holds transformative power. The quest for extended health spans offers tremendous benefits for humanity's future.

    ------ 🚀Join Ryan & David at Permissionless II in September. https://bankless.cc/GoToPermissionless

    ------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader

    ------ BANKLESS SPONSOR TOOLS:

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

    🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask

    ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum

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

    👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap

    🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

    ------ TIMESTAMPS:

    0:00 Intro 1:30 Wellness vs Longevity

    7:00 PATRICK LINDEN 9:30 The Pursuit of Immortality 12:30 We Want Choice 16:30 How Long Would You Live? 23:20 Now is the Time 27:00 Health is Longevity 33:30 Increasing Healthspan 36:30 The Case Against Death 41:40 How to Not Die

    46:00 SERGIO RUIZ 48:45 Healthspan and Lifespan 52:50 Longevity Research 57:45 Epigenetic Reprogramming 1:05:30 Feeling Young 1:09:30 Longevity Escape Velocity 1:14:30 Challenges and Obstacles 1:18:30 The Economic Case

    1:28:00 MICHAEL GEER 1:31:50 A Billion Years of Health 1:38:45 Utilizing Technology 1:43:45 Using AI for Health 1:46:15 Good Metrics to Track 1:52:00 Defining Health 1:55:00 The Humanity App 2:01:30 More Users, More Wearables 2:08:45 Get Healthier

    ------ RESOURCES:

    Patrick Linden https://twitter.com/DrPatrickLinden?s=20

    Sergio Ruiz https://twitter.com/Sergio_A_Ruiz?s=20

    Michael Geer https://twitter.com/Geeria?s=20

    The Case Against Death https://mitpress.mit.edu/9780262543163/the-case-against-death/

    VitaDAO https://www.vitadao.com/

    Animal Free Precision Medicine https://www.afpm.bio/

    Humanity App https://www.humanity.health/

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


    ROLLUP: Base Kicks-Off Onchain Summer Aug 11, 2023
    Show notes

    Bankless Weekly Rollup Second Week of August, 2023

    ------ 🚀Join Ryan & David at Permissionless II in September. https://bankless.cc/GoToPermissionless

    ------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader

    ------ BANKLESS SPONSOR TOOLS:

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

    🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING https://bankless.cc/MetaMask

    ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum ⁠

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

    👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap

    🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

    ------ TIMESTAMPS

    0:00 Intro 2:37 MARKETS 4:07 Layer 2 TVL https://l2beat.com/scaling/summary 15:42 DAI Savings Rate https://twitter.com/RuneKek/status/1688235137178509312?s=20 19:26 Coinbase Q2 Earnings https://twitter.com/ramahluwalia/status/1687268549797019648?s=20 24:28 Paypal Launches Stablecoin https://etherscan.io/token/0x6c3ea9036406852006290770bedfcaba0e23a0e8 https://twitter.com/0xCygaar/status/1688592430315036672?s=20 https://twitter.com/sassal0x/status/1688716600294383616?s=20 https://twitter.com/RyanSAdams/status/1688586469370216450?s=20 34:32 Base Kicks off Onchain Summer! https://twitter.com/BuildOnBase/status/1689321221715017728 https://www.geckoterminal.com/dex-rankings https://l2beat.com/scaling/projects/base https://dune.com/tk-research/base 40:31 Vitalik and Jesse At Permissionless https://twitter.com/Permissionless/status/1687130264089042945?s=20 42:25 Arbitrum Releases BOLD https://twitter.com/offchainlabs/status/1687137574052143116?s=46 https://twitter.com/terencechain/status/1689025407499345920?s=20 https://www.youtube.com/live/4yzPYr5HRfU?feature=share 47:31 Polygon Vs zKSync https://mirror.xyz/0x70DF15b0208eFCeFaA541Da9A0ED6C4A884554Fc/gNi8coqXjd1ybFsQBAG7QARUkPHZECu7ihIRkpiVx2Y https://twitter.com/gluk64/status/1687263207860166656?s=20 49:31 Is Curve Gonna Make it? https://etherscan.io/address/0x9e2b6378ee8ad2a4a95fe481d63caba8fb0ebbf9 https://etherscan.io/tx/0x23c4799784c91023204bd68a94ec7a963486f2485dc43c13d8b804d5301b8041 https://twitter.com/CurveFinance/status/1688221472815284224?s=20 https://twitter.com/lookonchain/status/1687294816890347520 54:28 Fantom Becoming a Layer 2? https://www.theblock.co/post/243220/fantom-optimistic-rollups-ethereum 56:11 Hacker Hotline https://twitter.com/samczsun/status/1688613385565528064 58:03 NFT Stuff https://twitter.com/sandeepnailwal/status/1689187495190069250?s=20 1:00:49 Is Biden a Bitcoin Maxi? https://twitter.com/joebiden/status/1687120734793986048?s=46 1:01:46 Huobi Insolvency https://twitter.com/WuBlockchain/status/1687764670340591618 1:02:45 Gary Pivots to AI https://www.bloomberg.com/news/articles/2023-08-03/sec-chairman-gary-gensler-discusses-the-risks-to-finance-in-ai 1:03:59 This is Just Weird... https://www.cnbc.com/2023/07/21/ftx-lobbyist-tried-to-buy-island-nauru-create-superspecies-lawsuit.html 1:05:06 Wallets 2.0 https://twitter.com/goldfinch_fi/status/1688961804515647488 1:08:05 Turnkey https://twitter.com/turnkeyhq/status/1688910588246933509 1:08:35 RAISES https://medium.com/@puffer.fi/a-push-for-decentralization-puffer-finance-raises-5-5m-to-redefine-liquid-eth-staking-936a61b750f7 1:12:57 Questions From The Nation https://discord.com/channels/615592155481767941/1058053004705669211/1138316265962876988 1:15:50 Takes Of The Week https://twitter.com/davidfbailey/status/1689051629146767360?s=46 https://twitter.com/dankrad/status/1689634128101310464?s=20 https://twitter.com/TrustlessState/status/1687448061860003840?s=20 https://twitter.com/TrustlessState/status/1687609256269230080?s=20 1:21:43 What Are We Bullish On? 1:25:53 Meme Of The Week https://twitter.com/divine_economy/status/1689650898975481856?s=20 1:26:39 Disclosures ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠


    Austin Federa: Is SOL Money? Aug 10, 2023
    Show notes

    Bankless hasn’t had the most coverage of Solana, the network, and SOL, the asset, but in this episode that changes. Our guest, Austin Federa is Head of Strategy at the Solana Foundation and is the host of the Validated podcast.

    David was recently a guest on Austin’s podcast where they went back and forth on some of the cultural and philosophical differences between the Solana and Ethereum projects. Today is a continuation of that episode.

    Despite some differences in community perspectives, Austin brings a fresh perspective on the design philosophy that relates Solana the network to SOL the asset and so much more.

    ----- 🏹 Airdrop Hunter is coming soon! Become a Citizen for full access: https://bankless.cc/HuntersGonnaHunt

    ------ 📣 STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader

    ------ BANKLESS SPONSOR TOOLS:

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

    🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask

    ⚖️ ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum ⁠

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

    👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap

    🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

    ----- TIMESTAMPS

    0:00 Intro 6:50 Programmable SOL Values 8:10 SOL’s Story Arc 12:25 SOL’s Architecture & Utility 17:30 SOL’s Economic Sustainability Model 19:20 SOL’s Triple Point Asset Thesis 25:15 Solana’s LSDs 28:48 Solana’s MEV Philosophy 33:56 End Game of Solana MEV 40:00 Ethereum vs. Solana 50:00 Market Cap, Values, & Layers Debate 1:00:15 Closing & Disclaimers

    ----- RESOURCES

    Austin Federa https://twitter.com/Austin_Federa

    157 - Will Solana Make It with Anatoly Yakovenko https://youtu.be/zlx64JjXlgQ

    Solana is Launching a Phone? | Co-Founders Anatoly & Raj https://youtube.com/live/9wfNeVTtBz0

    The Philosophy of Ethereum According to Bankless' David Hoffman https://solana.com/validated/episodes/the-philosophy-of-ethereum-according-to-bankless-david-hoffman

    ----- 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. See our investment disclosures here: https://www.bankless.com/disclosures ⁠


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