Bankless

This is part two of a two part Ryan and David masterclass on the trillion dollar L2 opportunity. A paradigm shift unlike any other is unfolding at this very moment. Countless crypto newcomers wish they started experimenting with parts of space sooner vs. later. There’s still time, though. Especially as it pertains to L2s.

Tune in to learn more about what makes this opportunity so immense, how to take advantage of it, what it means for the future of the space, and so much more.

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⚡️ MAKER DAO | THE DAI STABLECOIN https://bankless.cc/MakerDAO 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

------ Topics Covered:

0:00 Intro 5:30 Public Goods Explained 14:00 The Fault of Block Rewards 19:40 Where the Money Comes From 23:50 Types of Public Goods Taxes 27:25 Good vs. Bad MEV 28:55 Where Revenue Goes 32:40 Retroactive Public Goods 44:30 Public vs. Private Investing 46:30 The Untapped Potential 53:40 Public Goods Building Ideas 56:23 The Opportunities 58:05 Disclaimers

------ Resources:

Part One https://youtu.be/HMFxgTbY_9Y 

Tascha Labs https://twitter.com/TaschaLabs 

Optimism https://www.optimism.io/ 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures 

This is part one of a two part Ryan and David masterclass on the trillion dollar L2 opportunity. L2 summer is right around the corner. Start preparing now. Part two will be airing tomorrow!

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⚡️ MAKER DAO | THE DAI STABLECOIN https://bankless.cc/MakerDAO 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

------ Topics Covered:

0:00 Intro 5:30 Why to be Excited About L2s 8:38 Do L2s Cannibalize ETH? 16:33 L2 Fees 20:55 Difference in Rollups Fees 22:55 L1 Fees 29:29 The L2 Paradigm 32:05 Burning Explained 40:32 ETH Stake Rate 42:55 The Demand for ETH 51:55 L2’s Narrative Opportunity 56:45 The Security Budget 1:01:30 L2 Summer is Coming 1:06:10 Liquid Mining & Tokens 1:08:10 Summarizing Part One 1:12:30 Disclaimers

------ Resources:

L2 GDP Map https://twitter.com/RyanSAdams/status/1521503349773946882 

Burn Leaderboard https://ultrasound.money/ 

ETH Isn’t Expensive  https://twitter.com/RyanSAdams/status/1521471900836372481 

Money Printer https://moneyprinter.info/ 

Crypto Fees https://cryptofees.info/ 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures 

Camila Russo, founder of The Defiant, is bringing Ethereum to Hollywood with the feature film adaptation of her fantastic book "The Infinite Machine."

This is the first project of its kind and is gaining speed, recently attaching Scott Free Productions (Ridley Scott's company) to produce. With these headwinds, The Infinite Machine movie is set to disrupt Hollywood in more ways than one.

Reflecting on how she got to this point and the long road ahead, our biggest questions are... wen movie? Who's going to play Vitalik? And how can YOU get involved?

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🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

------ Topics Covered:

0:00 Intro  7:00 The Social Network of Crypto 12:42 From Book to Script 18:41 Scott Free Productions 21:55 The Roadmap 26:00 Bankless Picks the Actors 29:45 Funding with NFTs 35:22 The Artists and DAO 40:19 The Defiant & the Future 46:02 Closing & Disclaimers

------ Resources:

Camila Russo: https://twitter.com/CamiRusso?s=20&t=7RSAv0_0myTciEikiAR7mw  The Defiant: https://twitter.com/DefiantNews?s=20&t=7RSAv0_0myTciEikiAR7mw  The Infinite Machine (book): https://www.harpercollins.com/products/the-infinite-machine-camila-russo?variant=32123333836834  The Infinite Machine (movie): https://www.theinfinitemachinemovie.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: https://newsletter.banklesshq.com/p/bankless-disclosures 

Karl Floersch is the co-founder of Optimism, the Ethereum rollup scaling solution, as well as one of the primary advocates in the space for public goods funding.

Through his prolific body of work—as well as a boundless well of optimism and energy—Karl is a core beating heart of Ethereum culture, as well as a schelling point for values and ethos across the ecosystem.

We say it every episode: the code we write impacts the people who use it. Few embody this declaration more than Karl, whose deepest passion is building technological infrastructure to incentivize ethical behavior.

We also explore the concept of ‘Ether’s Phoenix,’ a hypothetical being that rewards you for manifesting it—directly contrasting the concept of Roko’s Basilisk (research at your own risk). 

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🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA 

👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave 

⚡️ MAKER DAO | THE DAI STABLECOIN  https://bankless.cc/MakerDAO  

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

------ Topics Covered:

0:00 Intro 5:00 Inspiration and Leaders 10:10 Road to Ethereum 16:13 For the Right Reasons 21:12 Embedding Values 28:35 The School of Fish 34:38 The Future Karl Sees 42:00 The Human Body Metaphor 47:44 The Decentralized Brain 52:25 Retroactive Public Goods Funding 57:14 Distributing Funds 1:01:08 Unprecedented Opportunity 1:04:59 R*ku’s B*silisk 1:08:39 Ether’s Phoenix (caw!) 1:15:40 A Just Utopia

------ Resources:

Karl Floersch: https://twitter.com/karl_dot_tech  Optimism: https://twitter.com/optimismPBC  Ether’s Phoenix: https://medium.com/ethereum-optimism/ethers-phoenix-18fb7d7304bb 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures 

✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode https://shows.banklesshq.com/p/116-ethan-debrief 

----- Ethan Buchman is a fantastic human being, an Internet Biophysicist, Monetary Localist, and Co-Founder at Cosmos. In addition, he is President of the Interchain Foundation.

Today, he comes on Bankless to tell us why we’re wrong.

This episode’s dialectic explores the fate of the blockchain ecosystem—will we have a multi-chain sprawl of different protocols, or will we see a few chains with a power law distribution?

We dive into the value of monetary premium, set against the opposing side of monetary clearing and velocity.

And what does this all mean for security?

The ultimate answer we seek is how to avoid turning the world into a dystopia. On either side of the tyranny spectrum lies anarchy and autocracy, so perhaps the answer rests somewhere in the middle.

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👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave 

⚡️ MAKER DAO | THE DAI STABLECOIN  https://bankless.cc/MakerDAO  

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

------ Topics Covered:

0:00 An Internet Biophysicist 6:10 Why Is Bankless Wrong?  9:35 Network Topology 15:55 Co-op Full vs Bankless 23:06 Monetary Premium vs Clearing 33:25 Empires vs City-States 44:48 Discussing the EVM 51:59 The Role of Bitcoin 56:39 DeFi vs ReFi 1:00:49 Systems and Cycles 1:09:00 The Network Effect of Money 1:14:48 Mutual Exclusivity 1:19:34 Layer 2 vs Cosmos 1:26:38 Cooperative Democracies 1:32:31 Plutocracy 1:42:15 Chaos and Order 1:47:55 Closing & Disclaimers

------ Resources:

Map of Zones https://mapofzones.com/  Debt: The First 5000 Years https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years  Cosmos EVM https://evmos.org/ 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures 

📄 READ THE ARTICLE: https://newsletter.banklesshq.com/p/evm-equivalence  ------ 📣 THE GRAPH | Graph Day in San Francisco | June 2-5 https://bankless.cc/GraphDay  

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🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA  

👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  

⚡️ LIDO | LIQUID ETH STAKING  https://bankless.cc/lido   

🔐 LEDGER | NANO S PLUS WALLET https://bankless.cc/Ledger 

------ 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://newsletter.banklesshq.com/p/bankless-disclosures 

Last Week of April, 2022

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👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  

⚡️ LIDO | LIQUID ETH STAKING  https://bankless.cc/lido   

🔐 LEDGER | NANO S PLUS WALLET https://bankless.cc/Ledger    

------ Topics Covered:

0:00 Intro

3:00 MARKETS 3:25 BTC Price 4:15 ETH Price 5:10 USD ATH https://imgur.com/GTS2ugz  6:38 Huge Gains in 2021 https://www.theblockcrypto.com/post/142795/crypto-investors-made-163-billion-in-gains-in-2021-chainalysis  7:59 ENS Bull Market https://twitter.com/ENSbrokerage/status/1518939316671725569  13:12 ApeCoin Mooning https://www.coingecko.com/en/coins/apecoin 

15:00 RELEASES 17:20 Stripe Crypto Payments https://www.cnbc.com/2022/04/22/stripe-launches-crypto-payments-feature-with-twitter-as-first-client.html  18:38 Volt Protocol https://twitter.com/VoltProtocol/status/1517578992278249472?s=20&t=6WCwIscpmBkQhvfILpTomw  19:49 Fidelity 401k https://t.co/f9rRRHIG3h  21:34 AngelList USDC Payments https://twitter.com/CharleyMa/status/1519322237815472128?s=20&t=zGG6hpeB0kWP_Z6eCUDtxw  22:35 CryptoKicks https://decrypt.co/98488/nike-rtfkt-reveal-cryptokicks-ethereum-nft-metaverse-sneakers  24:05 JPEG’d Protocol https://medium.com/@jpegd/jpegd-protocol-launch-e255f32546bb  RAISES27:44 Joe McCann $1B Fund https://www.theblockcrypto.com/post/143448/founders-from-a16z-solana-and-more-back-new-billion-dollar-crypto-fund  30:48 Dragonfly’s Fund 3 https://techcrunch.com/2022/04/27/crypto-focused-dragonfly-capital-launches-650m-third-fund/?tpcc=tcplustwitter  31:35 Other Releases https://techcrunch.com/2022/04/21/liquifi-is-building-carta-web3-for-crypto-companies-tokens-blockchain/  https://www.theblockcrypto.com/post/142800/scroll-raises-ethereum-scaling-project-funding  https://www.coindesk.com/business/2022/04/26/dex-protocol-0x-labs-raises-70m-from-greylock-opensea-and-jared-leto-report/ 

32:55 Jobs https://pallet.xyz/list/bankless/jobs 

34:00 NEWS 34:25 Elon Buys Twitter https://twitter.com/bnonews/status/1518632272395657218?s=21&t=9jRlT-9PdCasZsm27QH9uw  35:50 Stani Kulechov Twitter Ban https://youtu.be/1af9OSCZlXA 

OPTIMISM 40:01 Optimism Collective https://twitter.com/optimismPBC/status/1519001562345005057?s=20&t=THP1M38B0NcxGVsTKDuAAQ  43:48 Airdrop https://community.optimism.io/docs/governance/allocations/  44:50 Data & Takes https://twitter.com/princecrypto9/status/1519289833616777217?s=20&t=z4CB0TolqtCvB3HLwAUTOg  50:40 Ridley Scott Producing https://decrypt.co/98421/alien-director-ridley-scott-produce-film-ethereums-rise  52:04 Infura Down https://twitter.com/RyanSAdams/status/1517515771441778689?s=20&t=16kdQ3GmdiPJi3O1vU-u3w 

NFTs 52:49 Moonbirds Mooning https://www.theblockcrypto.com/post/143249/moonbirds-nft-record-sale-1m-kevin-rose-project  58:00 Solana NFTs https://decrypt.co/98848/solana-okay-bears-top-ethereum-nft-projects-18m-sales  59:12 OpenSea Acquires Gem https://twitter.com/opensea/status/1518590087285678081?s=20&t=VKBLpz9v5eYYDCuRW7p7ow 

1:00:04 Bitcoin News https://www.businesstoday.in/crypto/story/central-african-republic-accepts-bitcoin-as-legal-tender-331077-2022-04-25  https://www.coindesk.com/policy/2022/04/22/panamanian-legislative-assemblys-committee-approves-bill-regulating-cryptocurrencies 

REGULATION 1:00:42  Snowden Zcash https://twitter.com/documentingzec/status/1519427037752004609?s=21&t=QS3Yfpgqv2cfreFjRnZLVA  1:02:42 Tron Terra Copycat https://twitter.com/WuBlockchain/status/1517124429737648129?s=20&t=0KayrDtwHK_0FnyqiNSSDw  1:03:20 ECB Speech https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220425~6436006db0.en.html 

1:06:00 TAKES 1:07:30 Toxic Insecurity https://twitter.com/RyanSAdams/status/1517540916210319361?s=20&t=6Epyd6KM2V4Ns1W22w2AKA  1:09:30 Jon Stewart Authoritarianism https://www.hollywoodreporter.com/news/general-news/jon-stewart-mark-twain-prize-2022-1235134621/  1:10:08 CT vs NFT Twitter https://twitter.com/0xwave/status/1518027212951150594?s=21&t=8RZbDznkwbg4jwp2Cs-IIA  1:11:20 EVM Equivalence https://twitter.com/0xSianLiu/status/1519462941657276416?s=20&t=HzjZQwpeTY9PO4WkV7BRNw  1:13:24 How to Get a Job https://twitter.com/bkiepuszewski/status/1518528435253043201?s=20&t=YxMWdERkVla3kEsDscIcqw 

1:14:24 What Ryan’s Excited About 1:16:39 What David’s Excited About

1:17:45 Meme of the Week https://twitter.com/nir_III/status/1519143079206428682?s=20&t=EPBZLVJB890e2GZ1PdZVAg 

----- Not financial or tax advice. Do your own research.

See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Optimism has released their Airdrop details! Check your eligibility: app.optimism.io/governance   The $OP token contract address is: 0x4200000000000000000000000000000000000042 BE VERY CAREFUL WITH SCAMS AND PHISHING ATTACKS.  🔴 POST LIVESTREAM AMA HOSTED BY OPTIMISM: https://twitter.com/optimismPBC/status/1518617022782853120 

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

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🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA  

👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave  

⚡️ LIDO | LIQUID ETH STAKING  https://bankless.cc/lido.  

🔐 LEDGER | NANO S PLUS WALLET https://bankless.cc/Ledger   

----- Topics Covered:

0:00 Intro 7:00 An Unprecedented Moment 12:50 Tokens and Governance 17:30 Plutocracy and Democracy 22:54 Balancing Incentive Games 26:10 The Optimism Foundation 30:02 Decentralizing Identity 33:45 Decentralizing Over Time 42:30 The $OP Token and Airdrop 48:00 Distributing Future Airdrops 53:22 Other Token Distributions 57:35 Retroactive Public Goods Funding 1:04:27 Blockspace Demand 1:07:55 EVM Equivalence & EIP 4844 1:14:11 Justice and Balance 1:16:04 What's Next for Optimism? 1:18:26 Be Optimistic

----- 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://newsletter.banklesshq.com/p/bankless-disclosures 

This episode takes place in the geographical heart of Layer Zero: the middle of DevConnect, the 2022 Amsterdam conference. With the backdrop of a lively conference center, Simona Pop explores heavy topics like the 1989 Romanian Revolution and the pitfalls of DAO governance.

 

When you cut off the head of top-down totalitarianism, you must replace it with something better—otherwise, another hydra head will appear. Simona thrives on the cutting edge of big problems like these, working on DAO Engagement Strategy at Gitcoin, Community Strategy at Status, and founding the Bounties Network.

 

When Simona talks about crypto and the Web3 space, the epic proportions of this moment in history become clear and present.

 

------

📣 THE GRAPH | Graph Day in San Francisco | June 2-5

https://bankless.cc/GraphDay  

 

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https://bankless.cc/Arbitrum  

 

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🏦 ALTO IRA | TAX-FREE CRYPTO

https://bankless.cc/AltoIRA  

 

👻 AAVE V3 | LEND & BORROW CRYPTO

https://bankless.cc/aave  

 

⚡️ LIDO | LIQUID ETH STAKING

 https://bankless.cc/lido   

 

🔐 LEDGER | NANO S PLUS WALLET

https://bankless.cc/Ledger   

 

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Topics Covered:

 

5:00 Simona, Amsterdam, and Real Life

8:55 A Revolutionary Childhood

12:45 Successful Evolutions

18:03 The Wheel of Time

25:00 The Governance Problem

30:30 This is Water

37:00 Replacing Nation States

40:55 Generational Change

48:50 Status and Networks

55:34 Why Simona’s Optimistic

58:44 Working for DAOs

1:02:41 Advice for Noobs

 

------

Resources:

 

Simona on Twitter

Simona’s Linktree

DevConnect

Romanian Revolution

 

 

-----

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://newsletter.banklesshq.com/p/bankless-disclosures 

✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode https://shows.banklesshq.com/p/debrief-the-stagflation-mega-trade 

Dan Morehead is the Founder & CEO of Pantera Capital, a blockchain investment firm that’s up nearly 65,900% since inception. Dan has spent decades successfully managing global macro funds throughout countless cycles.

We’ve said it before and we’ll say it again, macro plus crypto is a deadly combination. These two skills are some of the most important when it comes to navigating the remainder of this decade and beyond. Who better to share their expertise than Dan?

In this episode, Dan peels back the layers of how inflation, the bond bubble, and other important crises became so extreme, how they compare to the late 1970s, what you should do to prepare for the craziness to come, and so much more.

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------ Topics Covered:

0:00 Intro 6:12 What’s Happening with Inflation 12:10 The Reality of Inflation 14:02 Bond Bubble & Money Printing 24:06 The $15T Bond Overcalculation 35:00 Comparing the 1970s & Today 45:00 How to Survive Stagflation 51:55 Position Yourself Wisely 55:40 Crypto’s Macro Response 1:04:35 Why We’re Decoupling 1:12:30 Is the Bear Market Over? 1:18:22 The Last 10 Years & Why Crypto 1:25:10 Institutional Conversations 1:30:50 Easy Button Portfolio 1:34:44 Dan’s 2022 & Beyond Focuses 1:39:30 Closing & Disclaimers ------ Resources:

Dan on Twitter https://twitter.com/dan_pantera 

Pantera Capital https://panteracapital.com/ 

Dan’s Letters from Pantera https://panteracapital.com/blockchain-letter/  https://panteracapital.com/blockchain-letter/the-year-ahead-in-crypto/  https://panteracapital.com/blockchain-letter/the-next-mega-trade/  https://panteracapital.com/blockchain-letter/its-called-the-70s/ 

Charts https://panteracapital.com/wp-content/uploads/2022/02/Screen-Shot-2022-02-15-at-5.31.17-PM-1536x862.png  https://imgur.com/ZY4ltqn 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures