Bankless

Latest Episodes:

Coinbase Announces Base🔵, an Ethereum L2 Network Powered by Optimism Feb 23, 2023

Show notes

Jesse Pollock, Senior Director of Engineering at Coinbase, joins us to unpack some of the hottest news in crypto since The Merge!

Coinbase announces the launch of “Base,” their own L2 built on the OP Stack. Tune in to hear everything you need to know about Base!

------ 📣 MetaMask Learn | Learn Web3 with the Leading Web3 Wallet https://bankless.cc/

------ 🚀 JOIN BANKLESS PREMIUM: https://newsletter.banklesshq.com/subscribe

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken

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

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

👻 PHANTOM | #1 SOLANA WALLET https://bankless.cc/phantom-waitlist

------ Topics Covered

0:00 Intro 7:53 Coinbase’s New Chain? 8:45 What is Base? 9:36 How is Base Different? 11:16 How Open is Base? 13:05 Why Now? 17:00 ETH L2 Philosophy 20:00 2nd Mover Advantage & Success Metric 22:26 Total Coinbase Users 25:15 How Base Will be Used By Coinbase Users 29:35 $COIN 31:13 Could Base Canoblize Coinbase? 32:35 Regulation 35:30 Base Token?! 40:26 Validator Set 39:10 Sequencer Power 40:53 Timeline 42:55 Basechain Vision 48:55 Why OP Stack? 52:57 Jesse as a Badge Member 54:47 Gas-Free Percentage 56:22 Superchain Vision 58:46 KGZ Ceremony 1:00:41 What Does Successful Base Look Like? 1:06:13 Closing & Disclaimers

------ Resources:

Jesse Pollak (jesse.xyz) https://twitter.com/jessepollak

Coinbase https://twitter.com/coinbase

----- 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: https://www.bankless.com/disclosures

ETH Is NOT Ultrasound Money with Jon Charbonneau Feb 22, 2023

Show notes

In today's episode, Jon unpacks his relatively controversially titled new piece, "ETH Is Not Ultrasound Money: Part 1"

Is ETH doomed? Was Ultrasound money a myth? Tune in to hear Jon's arguments.

------ MetaMask Learn https://bankless.cc/metamaskshow

------ JOIN BANKLESS PREMIUM: https://newsletter.banklesshq.com/subscribe

------ BANKLESS SPONSOR TOOLS:

KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken

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

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

EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi

------ Timestamps:

0:00 Intro 5:06 Jon's Argument 11:30 Triple Point Asset Thesis 17:52 ETH 18:53 The Disagreement 22:10 Semantics 26:40 Profit 30:00 PoW vs. PoS 33:15 Does Issuance Matter? & L1s & L2s 37:57 Blockchain Sustainability 42:00 Deflation vs. Inflation Value 47:50 How is Jon's Argument Bullish? 51:35 Alt L1s Issuance 59:20 Jon's Model Spreadsheet 1:17:53 Closing & Disclaimers

------ Resources:

Jon Charbonneau https://twitter.com/jon_charb

Jon's Essay https://joncharbonneau.substack.com/p/eth-is-not-ultrasound-money-part

Jon's Model Spreadsheet https://docs.google.com/spreadsheets/d/1UlxKC98STwN-AoonytC-qOscZ_99fAMpMvB6EfGGe9E/edit#gid=0

The Polygon NFT Ecosystem with Frank (DeGods), Zhuoxun Yin (Magic Eden), & Stani Kulechov (Lens) Feb 22, 2023

Show notes

In today’s episode, we’re talking to Frank DeGods, from the DeGods project, an NFT project that’s recently migrated to Polygon. We also brought on Zhuoxun Yin, Co-Founder and COO of Magic Eden, an NFT marketplace also migrating to Polygon. And last, but certainly not least, we’re also joined by Stani Kulechov, Founder and CEO of the Aave companies, which is bootstrapping Lens, a social media ecosystem on top of Polygon.

------ 📣 MetaMask Learn | Learn Web3 with the Leading Web3 Wallet https://bankless.cc/

------ 🚀 JOIN BANKLESS PREMIUM: https://newsletter.banklesshq.com/subscribe

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken

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

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

👻 PHANTOM | #1 SOLANA WALLET https://bankless.cc/phantom-waitlist

------ Topics Covered

0:00 Intro 7:02 Why Polygon? 13:45 Solana vs. Polygon 25:30 NFT Trajectories 35:00 Lens on Other Chains? 41:09 Supernets 43:20 The Lens & Polygon Focal Point 48:10 Ecosystem Metrics 1:00:00 Polygon #3 Community? 1:05:30 Lens, Content, & Metrics 1:12:25 Closing & Disclaimers

------ Resources:

Frank https://twitter.com/frankdegods

Zhuoxun Yin https://twitter.com/ZhuoxunYin

Stani https://twitter.com/StaniKulechov

DEBRIEF - We're All Gonna Die Feb 21, 2023

Show notes

Debriefing the episode with Eliezer Yudkowsky. This one was so good, we had to share. The fate of humanity might depend on it.

The Debrief Episode goes out EVERY MONDAY for Bankless Citizens. Want the Debrief Episode? Get the Premium RSS feed by Subscribing to Bankless!

WATCH THE FULL EPISODE HERE: https://youtu.be/gA1sNLL6yg4

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/

159 - We’re All Gonna Die with Eliezer Yudkowsky Feb 20, 2023

Show notes

Eliezer Yudkowsky is an author, founder, and leading thinker in the AI space.

------ ✨ DEBRIEF | Unpacking the episode: https://shows.banklesshq.com/p/debrief-eliezer ------ ✨ COLLECTIBLES | Collect this episode: https://collectibles.bankless.com/mint

------ We wanted to do an episode on AI… and we went deep down the rabbit hole. As we went down, we discussed ChatGPT and the new generation of AI, digital superintelligence, the end of humanity, and if there’s anything we can do to survive.

This conversation with Eliezer Yudkowsky sent us into an existential crisis, with the primary claim that we are on the cusp of developing AI that will destroy humanity.

Be warned before diving into this episode, dear listener. Once you dive in, there’s no going back.

------ 📣 MetaMask Learn | Learn Web3 with the Leading Web3 Wallet https://bankless.cc/

------ 🚀 JOIN BANKLESS PREMIUM: https://newsletter.banklesshq.com/subscribe

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken

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

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

👻 PHANTOM | #1 SOLANA WALLET https://bankless.cc/phantom-waitlist

------ Topics Covered

0:00 Intro 10:00 ChatGPT 16:30 AGI 21:00 More Efficient than You 24:45 Modeling Intelligence 32:50 AI Alignment 36:55 Benevolent AI 46:00 AI Goals 49:10 Consensus 55:45 God Mode and Aliens 1:03:15 Good Outcomes 1:08:00 Ryan’s Childhood Questions 1:18:00 Orders of Magnitude 1:23:15 Trying to Resist 1:30:45 Miri and Education 1:34:00 How Long Do We Have? 1:38:15 Bearish Hope 1:43:50 The End Goal

------ Resources:

Eliezer Yudkowsky https://twitter.com/ESYudkowsky

MIRI https://intelligence.org/

Reply to Francois Chollet https://intelligence.org/2017/12/06/chollet/

Grabby Aliens https://grabbyaliens.com/

EU Markets in Crypto-Assets (MiCA) with Seth Hertlein, Patrick Hansen, & Rebecca Rettig Feb 18, 2023

Show notes

In today's episode, we're talking about the state of crypto regulation across the pond. Is it as bad over there as it is here in the United States?

There is a landmark crypto bill over in the EU called MiCA (Markets in Crypto-Assets) and its worth paying attention to!

We brought on some EU regulation experts, Rebecca Rettig, Chief Policy Officer @ Polygon Labs, Seth Hertlein, VP, Global Head of Policy @ Ledger, and Patrick Hansen Director of EU Strategy and Policy @ Circle.

------ MetaMask Learn https://bankless.cc/metamaskshow

------ JOIN BANKLESS PREMIUM: https://newsletter.banklesshq.com/subscribe

------ BANKLESS SPONSOR TOOLS:

KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken

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

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

EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi

------ Timestamps:

0:00 Intro 4:45 Pond Temperature 9:30 U.S. vs. the EU Regulation 13:30 Is MiCA Passed? 15:50 Should the U.S. Be Jealous? 18:30 MiCA Grading 20:55 DCCA Grading 22:22 MiCA Stablecoins 29:35 EU Restrictions 37:36 MiCA Self-Custody 44:22 Fear Ideology 46:40 U.S. vs. EU Regulation & Innovation 51:40 Closing Thoughts 58:50 Disclaimers

------ Resources:

Seth Hertlein https://twitter.com/SethHertlein

Patrick Hansen https://twitter.com/paddi_hansen

Rebecca Rettig https://twitter.com/RebeccaRettig1

ROLLUP: SEC Staking Krakdown | $BLUR Airdrop | SBF’s Bailout Money Source | Ordinals Still Growing Feb 17, 2023

Show notes

Bankless Weekly Rollup 3rd Week of February 2023

------ 🚀 JOIN BANKLESS PREMIUM: https://newsletter.banklesshq.com/subscribe

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken

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

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

🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi

👻 PHANTOM | CROSS-CHAIN WALLET https://bankless.cc/phantom

------ Topics Covered

0:00 Intro 4:00 Markets 7:35 Inflation https://www.cnbc.com/2023/02/14/consumer-price-index-january-2023-.html https://eu.usatoday.com/story/money/economy/2023/02/14/cpi-january-inflation-data-today-live-updates/11247836002/ 11:45 ETH Supply https://ultrasound.money/ 15:54 BTC Halving Timelines https://twitter.com/DU09BTC/status/1626118062360469505

23:40 U.S. Ban Hammer https://www.sec.gov/news/press-release/2023-25 https://twitter.com/GaryGensler/status/1623777842000539648 https://blog.kraken.com/post/17619/settlement/ 28:15 Commissioner Hester M. Peirce Dissent https://www.sec.gov/news/statement/peirce-statement-kraken-020923 31:55 Coinbase Reactions https://twitter.com/brian_armstrong/status/1623860170404286464 https://twitter.com/brian_armstrong/status/1624829368915890176 33:00 Reactions & Takes https://twitter.com/ohaiom/status/1624534998069006337 https://twitter.com/milesjennings/status/1623850932860784641 38:30 SEC & NYDFS Hammering on Paxos https://paxos.com/2023/02/13/paxos-issues-statement/ 40:10 PayPal Pauses Stablecoin Work https://www.bloomberg.com/news/articles/2023-02-10/paypal-pauses-stablecoin-work-amid-regulatory-scrutiny-of-crypto 42:10 New SEC Rule restricts Which U.S. Companies Can Custody Crypto https://www.coindesk.com/policy/2023/02/15/sec-proposal-could-bar-investment-advisers-from-keeping-assets-at-crypto-firms/ 48:22 Hester Take https://www.sec.gov/news/statement/peirce-statement-custody-021523

49:45 Blur Drop https://twitter.com/blur_io/status/1625566146241114112 https://www.coingecko.com/en/coins/blur https://twitter.com/MannionNFT/status/1625602378106908673 https://twitter.com/BanklessHQ/status/1625620810902675457

53:45 ETH https://twitter.com/ultrasoundmoney/status/1625209951944642581 https://nerolation.github.io/mevflow.html 55:38 Polygon zkEVM Mainnet Launched on March 27th! https://twitter.com/MihailoBjelic/status/1625532387235971076 56:50 zkSync Era Mainnet https://twitter.com/zksync/status/1626235292268240902 https://forms.gle/KBreznP3g8aJYTJS7

1:01:30 NFTs https://twitter.com/cozomomedici/status/1625206526800703488 1:01:52 BTC NFTS https://dune.com/dataalways/ordinals https://www.coindesk.com/web3/2023/02/09/bitcoin-punks-ordinal-nft-collection-soars-in-value/

1:06:40 SBF https://www.cnbc.com/2023/02/15/sam-bankman-frieds-two-bond-guarantors-revealed-after-unsealing-.html https://twitter.com/AutismCapital/status/1625930741367595008

1:07:57 Celsius https://twitter.com/CelsiusUcc/status/1625854272561889281 https://twitter.com/CelsiansNetwork/status/1625600427696717825

1:10:30 Releases Sign-In with Ethereum on Shopify https://twitter.com/sadaf_eth/status/1624086599486283776 1:11:55 Token Terminal Financial statements for DAOs https://twitter.com/tokenterminal/status/1625838112218677250

1:16:25 Questions from the Nation

Takes of the Week 1:23:40 Balaji https://twitter.com/balajis/status/1625720725645692928 1:25:40 6529 https://twitter.com/punk6529/status/1625619140705656847 1:26:15 Ryan Question https://twitter.com/RyanSAdams/status/1625832853056417792

1:30:00 What David’s Bullish On 1:32:45 What Ryan’s Bullish On https://twitter.com/RyanSAdams/status/1626249830191321089

1:37:22 MEME of the Week https://twitter.com/ColinLieb/status/1623815237425106948

Risks & 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.

$BLUR AIRDROP with Blur's Founder, Pacman Feb 16, 2023

Show notes

In today's episode, David sits down with Pacman, the Founder of the NFT trading marketplace, Blur.

Blur recently launched their $BLUR token and Pacman joins us to share the entire airdrop story, the different phases that went into it, and what's next for the fascinating OpenSea competitor.

------ MetaMask Learn https://bankless.cc/metamaskshow

------ JOIN BANKLESS PREMIUM: https://newsletter.banklesshq.com/subscribe

------ BANKLESS SPONSOR TOOLS:

KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken

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

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

EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi

------ Timestamps:

0:00 Intro 3:27 Who is Pacman? 5:55 Why Blur? 7:15 Traders vs. Collectors 10:28 What Blur Built 15:00 $BLUR Token Story 26:50 Airdrop Phases 31:50 $BLUR Airdrop Details 35:10 Pacman's Reaction to the Drop 40:47 OpenSea vs. Blur 43:38 $BLUR Utility 45:13 Season Two 49:20 NFT Royalty Wars 55:30 Closing & Disclaimers

------ Resources:

Blur https://blur.io/

Pacman https://twitter.com/PacmanBlur

The SEC Declares War on Crypto with Ryan & David Feb 15, 2023

Show notes

In today's episode, Ryan and David bring on Mike Selig to chat about everything need to know about crypto regulation. Mike is a crypto lawyer at Willkie Farr & Gallagher, former a regulator at the CFTC, and a frequent contributor to Coindesk about the state of crypto regulation.

Operation Chokepoint is in full effect. Tune in to understand everything you need to know.

------ MetaMask Learn https://bankless.cc/metamaskshow

------ JOIN BANKLESS PREMIUM: https://newsletter.banklesshq.com/subscribe

------ BANKLESS SPONSOR TOOLS:

KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken

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

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

EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS https://bankless.cc/earnifi

------ Timestamps:

0:00 Intro 6:18 2023 Regulation Playbook 7:15 SEC Charging Kraken 11:27 SEC Rolling Out Regulation 14:09 SEC Patronizing Approach 15:44 Wells Notice 19:45 Kaken Staking Crackdown 28:00 Driving Crypto Offshore 30:05 Staking Pools Next? 35:05 SEC Scoring Points 40:50 Paxos & BUSD 44:40 Circle 50:55 Banks Servicing the Crypto Industry 57:55 Net Effects 59:27 U.S. Crypto Regulation History 1:02:49 Why the U.S. Hates Crypto 1:06:26 Banks vs. Crypto 1:08:14 Will Crypto Survive? 1:10:25 Closing & Disclaimers

------ Resources:

Regulation vs. Decentralization https://www.coindesk.com/consensus-magazine/2022/12/23/2023-the-year-of-regulation-vs-decentralization/

Gensler Statement https://twitter.com/SquawkCNBC/status/1624041483241156608

158 - You're Not Bullish Enough on NFTs with Punk6529 Feb 13, 2023

Show notes

✨ DEBRIEF | Unpacking the episode: https://shows.banklesshq.com/p/debrief-punk6529

------ ✨ COLLECTIBLES | Collect this episode: https://collectibles.bankless.com/mint

------ Punk6529 is a pseudo-anonymous leader in the crypto space. He’s heavily focused on the world of NFTs and the metaverse and is known for putting together extremely punchy and thoughtful Twitter threads, thinking about the world from first principles.

NFTs will represent every single digital non-fungible token that exists…and there are going to be a lot of them. Is Punk6529 the most bullish person in the world on NFTs?

In this episode, 6529 shares the benefits of using an NFT-backed pseudonym instead of your state name, why the “freedom to transact” is an essential human liberty we’ll lose without crypto, how the Metaverse is just a visualization layer of NFTs, and why NFTs are more important than DeFi…probably the most important thing crypto has produced.

------ 📣 MetaMask Learn | Learn Web3 with the Leading Web3 Wallet https://bankless.cc/metamaskshow

------ 🚀 JOIN BANKLESS PREMIUM: https://newsletter.banklesshq.com/subscribe

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken

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

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

👻 PHANTOM | #1 SOLANA WALLET https://bankless.cc/phantom-waitlist

------ Topics Covered

0:00 Intro 8:23 Who is Punk 6529? 13:00 Digital Identities 28:30 Freedom to Transact & Crypto Values 46:50 NFTs 1:24:51 Why NFTs Are Inevitable 1:33:20 Closing & Disclaimers

------ Resources:

Freedom to Transact https://twitter.com/punk6529/status/1494444624630403083

Making It https://twitter.com/punk6529/status/1435229502708322313

On the Shortness of Life https://twitter.com/punk6529/status/1507787390114488322

Punk 6529 https://twitter.com/punk6529

Our TOPPODCAST Picks

Follow Us

Stay Connected

Related Podcasts

Links

Stay Connected