Bankless

Element Finance is an open-source protocol for fixed and variable yield markets.

Yield markets you say? Like the incoming Trillion-dollar ETH Staking yield market? 

Come learn about how Element is putting a financial layer on top of Ethereum staking, and the other cool new inventions that the Element team has for the DAO space. 

------  CONSENSYS | M·A·C: NFT Collection for a Good Cause https://bankless.cc/MAC 

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------ BANKLESS SPONSOR TOOLS: 

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

 ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

 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 

------ Guests: 

Will Villanueva  - CEO of Element, previous worked at Consensys doing research on Ethereum  Sharding

Jonny Rhea  - CTO of Element, previously worked at Consensys working on an Ethereum client. 

----- Topics Covered:

0:00 Intro 8:30 What is Element? 13:37 The ELFI Airdrop 19:05 The zk Claim Process 25:48 Non-Transferable 29:20 NFTs & DAO Governance 35:57 Council Governance 41:14 Voting Vaults 49:58 Maximally Expressive Governance 53:55 ETH Staking Yield 1:01:06 Protocol Security 1:07:50 Bullish PoS Merge 1:15:10 What's Next for Element? 1:18:22 Closing & Disclaimers

------ Resources:

DAO Launch Announcement:  https://mirror.xyz/0x3fcAf7DDf64E6e109B1e2A5CC17875D4a5993F39/bctuLRkf7oBL4mMJ9lPf0y0blFjBDslTUfUL0CEk1gc 

Guide to Element:  https://newsletter.banklesshq.com/p/a-guide-to-fixed-income-on-element?s=w 

Yield Token Compounding: https://ytc.component.fi/ytc?base_token=0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48 

Previous Bankless show with Element https://www.youtube.com/watch?v=iF5O1rPbsm4 

----- 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 

Meltem Demirors is the Chief Strategy Officer of CoinShares, a digital asset investment firm that manages $4B. Meltem is also known as the vibes sorceress, curator of vibes, and the queen of crypto. She’s been in the space for more than eight years and has seen the ebbs and flows of not only the markets, but the people that make up the space.

As a whole, the people that make up the space are part of the entire crypto cult. Whether you’re team Bitcoin or Ethereum, or whichever other coins, protocols, DAOs, people, etc. you support—you’re part of the cult. We don’t mean the negative connotation of the word cult, anon. Relax. Cults are everywhere.

Over the years, the online magic of crypto has bled into the IRL side of the space. How will this trend impact the future of the space? Why are cults everywhere? What advice does Meltem have for new crypto participants? Answers to these questions and so much more in the episode.

------ 📣 CONSENSYS | M·A·C: NFT Collection for a Good Cause https://bankless.cc/MAC 

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------ BANKLESS SPONSOR TOOLS:

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

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

🏦 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 5:02 Meltdem’s Trajectory into Crypto 13:08 When Crypto Became Real 20:17 The Power of Removing Your Ego 27:50 Why Meltdem was Wrong About Ethereum 34:24 Cults Are Everywhere 46:00 Cults vs. Communities 48:00 Meaning & Social Crypto Culture 52:00 Inter-generational product-market fit 54:50 Developing Your Own Perspective 1:05:53 How Social Crypto Has Changed 1:20:15 Meltem’s Advice For People New to the Space 1:22:44 What Meltem’s Optimistic About

------ Resources:

Meltem Demirors https://twitter.com/Melt_Dem 

CoinShares https://coinshares.com/ 

Simulacra and Simulation by Jean Baudrillard https://www.goodreads.com/book/show/22613.Simulacra_and_Simulation 

The Denial of Death by Ernest Becker https://www.goodreads.com/book/show/2761.The_Denial_of_Death 

Finite and Infinite Games Book by James Carse https://www.goodreads.com/book/show/189989.Finite_and_Infinite_Games 

----- 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 

Packy McCormick is the writer of Not Boring, an investor at Not Boring Capital, and an advisor to the a16z Web3 Fund. Packy has a sharp intuition for general trends, and he puts in the work to understand and thoughtfully communicate his findings outward. Writing and creating content is a great way to learn and share knowledge—we would know.

In this episode, we explore five of Packy’s most salient articles orbiting around the crypto space. Unraveling the secret recipe for crypto (and life), managing the delicate balance between money and fun is the key to winning these games. Making money on the internet with friends is the new normal.

As a talented writer and a great thinker, Packy is a born-again crypto enthusiast as of 2021. He is able to synthesize this chaotic space with fresh eyes, bringing prior knowledge to guide his understanding.

------ ✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode https://shows.banklesshq.com/p/112-packy-debrief 

------ 📣 CONSENSYS | M·A·C: NFT Collection for a Good Cause https://bankless.cc/MAC 

------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/   🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/  

------ BANKLESS SPONSOR TOOLS: 

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

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

🏦 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 5:30 Packy McCormick’s Journey 9:55 Born-Again Crypto Enthusiast 12:48 Own The Internet 21:00 Solana Summer 29:32 Monolithic vs Modular 35:44 The SOL Value Prop 42:08 Winner Take All? 47:30 Real vs Fake Culture 55:00 Status Monkeys 1:02:10 NFTs as Status 1:06:23 The Pareto Funtier 1:14:05 A Sense of Meaning 1:19:43 The Web3 Debate 1:29:45 Predicting This Decade 1:35:02 Closing & Disclaimers

------ Resources:

Packy McCormick https://twitter.com/packyM?s=20&t=zppneMsLXcmxhoe3-5z7OA  Not Boring https://www.notboring.co/  Ethereum - Own the Internet https://www.notboring.co/p/own-the-internet?s=r  Solana Summer https://www.notboring.co/p/solana-summer?s=r  Status Monkeys (NFTs) https://www.notboring.co/p/status-monkeys  The Pareto Funtier https://www.notboring.co/p/the-pareto-funtier?s=r  The Web3 Debate https://www.notboring.co/p/the-web3-debate?s=r  Player Piano https://www.amazon.com/dp/0385333781?psc=1&smid=ATVPDKIKX0DER&ref_=chk_typ_imgToDp 

----- 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 

MakerDAO is one of the most underappreciated DAOs in DeFi. At least, that's what David thinks. We're bringing on three DAO members to discuss the most bullish elements about MakerDAO.

Hear how their recent deal with Tesla (yes, the real-world electric car manufacturer) happened, what it means for their future, how the $MKR tokenomics work, and so much more!

------ 📣 MAC NFT DROP https://bankless.cc/MAC 

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------ BANKLESS SPONSOR TOOLS:

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

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

🏦 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 

------ Timestamps:

0:00 Intro 7:30 What is MakerDao 14:30 $MKR Price Action Curse? 19:10 Maker’s Meta Goals 21:36 Increasing the $DAI Supply 33:53 Increasing the $DAI Demand 45:23 The Future of Maker’s Collateral 51:45 Tesla Taps MakerDAO 1:01:34 Legal Structural Components 1:06:00 Bridging Real World Assets 1:12:05 L222 1:18:39 $MKR Tokenomics 1:31:11 Why Bullish MakerDAO

------

Resources:

MakerDAO: https://twitter.com/MakerDAO 

Sam MacPherson: https://mobile.twitter.com/hexonaut 

Niklas Kunkel: https://twitter.com/nomos_paradox 

monetsupply.eth https://twitter.com/MonetSupply 

Maker Burner www.makerburn.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 

Last Week of March 2022

------ 📣 CONSENSYS | M·A·C: NFT Collection for a Good Cause https://bankless.cc/MAC 

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------ BANKLESS SPONSOR TOOLS:

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

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

🏦 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 

------ Timestamps:

PERMISSIONLESS TICKETS https://blockworks.co/events/permissionless/ 

0:00 Intro

6:25 MARKETS 6:28 BTC Price 7:31 ETH Price 8:14 ETH/BTC Ratio 8:30 TA Candy https://newsletter.banklesshq.com/p/is-the-bear-market-over-lite  11:04 $BED https://app.indexcoop.com/bed  11:30 Gas Markets https://dune.xyz/hildobby/Gas  12:55 Top DeFi Lending Protocol https://thedefiant.io/anchor-passes-aave-tvl/  https://defillama.com/  17:35 DPI is 1st DeFi Index on CEX https://twitter.com/Gemini/status/1508784238488961028  19:40 Half of Germans to Invest in Crypto https://cointelegraph.com/news/almost-half-of-germans-to-invest-in-crypto-report  20:55 100 People vs. 9.75M Users = $40K https://twitter.com/RAC/status/1507189330694967296  23:15 20k Private ETH https://twitter.com/aztecnetwork/status/1508368318138236933

28:50 RELEASES 29:18 Wells Fargo Arena, Now Bankless Arena https://newsletter.banklesshq.com/p/breaking-wells-fargo-arena-now-bankless?s=w  31:30 Apple Pay in Metamask https://beincrypto.com/iphone-users-score-apple-pay-integration-with-popular-crypto-wallet-metamask/  32:35 OpenSea Adds Solana NFTs  https://twitter.com/opensea/status/1508851483449585670  33:40 Polygon Zk Web3 Identity Services https://www.theblockcrypto.com/post/139735/polygon-unveils-identity-service-leveraging-zero-knowledge-proofs  36:00 BNB Chain to Launch Sidechains https://www.theblockcrypto.com/post/139409/bnb-chain-to-launch-application-specific-sidechains-to-reduce-network-strain  37:37 Opera Beating Brave? https://blogs.opera.com/crypto/2022/03/opera-web3-polygon-solana-starkex-bitcoin-ixo-ronin-nervos-celo/  39:05 DeFi Saver https://twitter.com/DeFiSaver/status/150883134852551885 

39:37 RAISES 39:50 Sequoia, FTX, A16z $135M LayerZero Investment https://www.coindesk.com/business/2022/03/30/a16z-ftx-and-sequoia-lead-155m-round-for-layerzero-at-1b-valuation/  41:21 Avalanche Another $100M Fund https://www.theblockcrypto.com/post/139265/avalanche-launches-100-million-creator-fund-with-grimes-and-web3-platform-op3n  45:30 $5M Seed for ZkLend https://www.coindesk.com/business/2022/03/29/delphi-digital-leads-5m-seed-round-for-money-market-protocol-zklend/  46:25 nfty chat https://twitter.com/nftychat/status/1508517166425034764  https://nftychat.xyz/  https://metalink.com/login 

47:37 JOBS https://pallet.xyz/list/bankless/jobs  Bankless Talent Collective https://bankless.pallet.com/talent/welcome  Great Testimonial https://twitter.com/BanklessHQ/status/1508888147576373249 

49:30 NEWS 49:45 Biggest Hack in Crypto History? $600M… 49:55 What Happened? https://twitter.com/Ronin_Network/status/1508828722085867521  50:10 William Peaster Breaks it Down https://metaversal.banklesshq.com/p/analyzing-the-ronin-bridge-hack  https://twitter.com/kelvinfichter/status/1508839255996522508  52:30 FTX Deposit https://twitter.com/FrankResearcher/status/1508832517826174989  54:15 SBF Tweet https://twitter.com/SBF_FTX/status/1508839529293176847  56:15 Reimbursement https://beincrypto.com/players-to-be-reimbursed-promise-axie-infinity-team-after-breach/?ref=coingecko  57:30 Can’t Do This Hack on Polygon https://twitter.com/Mudit__Gupta/status/1508882791525724163

1:02:55 ETH 1:03:15 5 Things to Know About the Merge https://twitter.com/trent_vanepps/status/1508478499325202435  1:09:50 Bloomberg Intelligence PDFs 1:11:23 Ethereum Report - Institutions https://twitter.com/RyanSAdams/status/1508448302576148480 1:13:40 Misconceptions about PoS https://newsletter.banklesshq.com/p/4-misconceptions-about-pos-vs-pow?s=w  Vitalik on the Road not Taken https://twitter.com/VitalikButerin/status/1508915954570436612 

1:18:26 NFTs 1:18:30 Tiffany & Co Buys NFT https://twitter.com/TiffanyAndCo/status/1508149472198549505 1:19:32 Budweiser beer.eth Cans https://twitter.com/budweiserusa/status/1507507766759411712 

1:20:35 BITCOIN 1:20:40 MacroStrategy $205M Loan https://www.theblockcrypto.com/linked/139719/macrostrategy-silvergate-loan-more-bitcoin  1:21:22 Change the Code https://www.cleanupbitcoin.com/  https://www.greenpeace.org/usa/news/change-the-code-not-the-climate-greenpeace-usa-ewg-others-launch-campaign-to-push-bitcoin-to-reduce-climate-pollution/  1:25:10 Counter https://twitter.com/MessariCrypto/status/1500492844758351875 

1:26:25 REGULATION / TRADFI / MISC. 1:26:40 Canadian Regulators Crack Down https://twitter.com/ryansadams/status/1507425569310392322  1:27:56 Canada’s Next Leader? https://twitter.com/PierrePoilievre/status/1508535716795531273 1:28:55 EU Unhosted wallets https://twitter.com/paddi_hansen/status/1509536318585454597  1:30:35 Write the SEC https://twitter.com/DanSpuller/status/1509178997858521090  1:32:12 MakerDAO Hooking Up With Traditional Bank  https://thedefiant.io/makerdao-bank-deal-dai-loans/  1:35:20 Maker Panel https://youtu.be/woW1nAWFTEI 

1:38:10 TAKES 1:38:30 Epicenter of Digitization https://twitter.com/mikemcglone11/status/1509163605354291205  1:39:30 What Are You in Crypto For? https://www.reddit.com/r/CryptoCurrency/comments/tokbqf/yes_i_am_in_it_for_the_money_and_i_dont_care_what/ 

1:45:15: How Many Jobs You Got? https://twitter.com/nftnoobbby/status/1509043140325425157  1:45:45 Democratizing Force https://twitter.com/RoninImperial/status/1509293153349734402 1:45:50 The Point of Crypto is to _______ https://twitter.com/RyanSAdams/status/1509217719555702786 

1:46:50 MEME of the Week https://newsletter.banklesshq.com/p/is-the-bear-market-over-lite?s=w  https://twitter.com/sartoshi_nft/status/1508288792796581892 

1:48:15 Disclaimers

Moment of Zen https://twitter.com/kmoney_69/status/1508915008704421890  ​ ----- Not financial or tax advice. Do your own research. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Coming off the heels of Aave's huge v3 release a couple weeks ago, we wanted to bring on Founder and CEO, Stani Kulechov to unpack it for us. Stani is also the Founder of Lens Protocol, a permissionless, composable, & decentralized social graph that might just be the future of Web3 social platforms. 

How are Aave and Lens Protocol bringing this inevitable future to reality sooner than expected?  What is the current state of the DeFi landscape? Buckle up because Stani will unpack these questions and so much more. 

------ 📣 ZERION | Trade Across 7 Networks and 500+ protocols https://bankless.cc/Zerion 

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------ BANKLESS SPONSOR TOOLS: 

👀 POLYGON | LAYER  2 DEFI https://bankless.cc/Polygon  

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  

🦊 METAMASK | THE CRYPTO WALLET https://bankless.cc/metamask  

💳 LEDGER | THE CRYPTO LIFE CARD https://bankless.cc/Ledger  

🧙‍♂️ ALCHEMIX | SELF REPAYING LOANS https://bankless.cc/Alchemix  

🦄 UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants 

------ Timestamps:

0:00 Intro 7:00 What's New With Stani 10:15 DeFi in 2021 14:13 Aave Portals 23:00 Maintaining Market Share 27:25 Forecasting the Future of Chains 32:57 Bridging & Security 37:38 Efficiency Mode 40:23 Isolation Mode 44:20 Stani's Thoughts on Rari 48:18 Future Aave Versions 54:30 Stani's PFP 57:15 Lens Protocol & Web3 Social 1:10:00 Lens Protocol All-Star Team & Roadmap 1:14:09 Rapid Fire Questions

------ Resources:

Stani Kulechov: https://twitter.com/StaniKulechov 

Aave: https://aave.com/ 

Lens Protocol:  https://lens.dev/  

----- 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 

⬆️ Join The Bankless Nation to listen to the Ad-Free version of this episode 🚀 ------

Metadreamer is the founder of Metafactory, the “digiphysical culture factory for the metaverse." He is a software engineer and designer in the DAO space, and has contributed to MetaGame, SourceCred, Coordinape, and Metacartel Ventures.

Dreamer is a DAO-er, touching many different parts of the Ethereum ecosystem. Every conversation we have with him is cerebral, as he is a cosmically deep thinker. He embodies core values of crypto such as optimizing for collaboration over competition, an abundance mentality, and a ‘Yes And’ approach to coordination.

The code we write can impact society for the better, and throughout this conversation, we explore the purpose of the crypto movement—with this new technology, we can change culture. Metadreamer’s is a revolution to build a better society.

------ 📣 ZERION | Trade Across 7 Networks and 500+ protocols https://bankless.cc/Zerion 

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------ BANKLESS SPONSOR TOOLS:

👀 POLYGON | LAYER 2 DEFI https://bankless.cc/Polygon 

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

🦊 METAMASK | THE CRYPTO WALLET https://bankless.cc/metamask 

💳 LEDGER | THE CRYPTO LIFE CARD https://bankless.cc/Ledger 

🧙‍♂️ ALCHEMIX | SELF REPAYING LOANS https://bankless.cc/Alchemix 

🦄 UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants 

------ Topics Covered:

0:00 Intro 4:00 Metadreamer 5:27 Lowest Hanging Schelling Point 8:32 Seeking Purpose 12:05 Value vs Money 16:44 Expressing Value On-Chain 22:57 Attestations & Irrigation 29:07 Retroactive Public Goods Funding 35:44 Data & Value 41:10 Verifiable Credentials & Nature 45:05 Fear of Death 51:30 The Meta Goal 57:30 Rebirth & Terence McKenna 1:04:15 Allowing for Emergence 1:09:28 The Purpose & Psychadelics 1:14:16 Advice for Noobs 1:19:00 A ‘Yes And’ Mentality 1:21:00 An Optimistic Closing

------ Resources:

MetaDreamer on Twitter https://twitter.com/META_DREAMER?s=20&t=7d9hnQI1a-meDKaia1fiSg  MetaFactory https://twitter.com/TheMetaFactory?s=20&t=F1T6UwK1wM_FE1AX6vsRWA  MetaGame https://twitter.com/MetaFam?s=20&t=7d9hnQI1a-meDKaia1fiSg  SourceCred https://twitter.com/sourcecred?s=20&t=7d9hnQI1a-meDKaia1fiSg  Coordinape https://twitter.com/coordinape?s=20&t=7d9hnQI1a-meDKaia1fiSg  MetaCartel Ventures https://twitter.com/VENTURE_DAO?s=20&t=7d9hnQI1a-meDKaia1fiSg 

----- 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 

Lyn Alden is the Founder of Lyn Alden Investment Strategy and an expert in macro markets who’s also a strong Bitcoin, proof-of-work proponent. Her friendly counterpart, Justin Drake is a researcher at the Ethereum Foundation and is pro proof-of-stake. Both are recurring guests on Bankless!

The two experts debate which is better: proof-of-work or proof-of-stake for creating a global-crypto money system? Other topics include: economic security, deterrence and recoverability in the face of the dreaded 51% attack, minimization of governance power, economic fairness, commodity vs. equity money, and so much more!

Which is your preference, proof-of-work or proof-of-stake? Warning: after this debate, your preference may change.

------ ✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode https://shows.banklesshq.com/p/debrief-the-pow-vs-pos-debate-lyn 

------ 📣 ZERION | Trade Across 7 Networks and 500+ protocols https://bankless.cc/Zerion 

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------ BANKLESS SPONSOR TOOLS:

👀 POLYGON | LAYER 2 DEFI https://bankless.cc/Polygon 

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

🦊 METAMASK | THE CRYPTO WALLET https://bankless.cc/metamask 

💳 LEDGER | THE CRYPTO LIFE CARD https://bankless.cc/Ledger 

🧙‍♂️ ALCHEMIX | SELF REPAYING LOANS https://bankless.cc/Alchemix 

🦄 UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants 

------ Topics Covered:

0:00 Intro 6:15 Backgrounds 8:12 The Better Monetary Premium 11:00 Equity, PoS, Commodity, PoW? 23:30 Hypothetical PoS Bitcoin 30:25 Lyn’s Rebuttal to Multiple Justin Claims 36:05 Justin’s Rebuttal to Multiple Lyn Claims 44:50 Inherently Fair or Unfair? 53:27 Different Kinds of Risk 57:30 Client Diversity 1:03:00 Lyn’s Macro Perspective 1:13:00 Justin’s Technical Perspective 1:17:42 Governance & Memes 1:29:55 The Rich Get Richer? 1:32:35 Closing Arguments

------ Resources:

Lyn’s Proof of Stake Article https://www.lynalden.com/proof-of-stake/ 

Economic Security & Efficiency https://docs.google.com/spreadsheets/d/1KdzhgbTqhRd0LndK4R8c50OK-s6W568Ydd1aytokwbs/edit#gid=0 

Lyn’s Twitter https://twitter.com/LynAldenContact 

Justin’s Twitter https://twitter.com/drakefjustin 

----- 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 

Shibuya is not your typical Hollywood production studio. The storytelling side of things is built entirely using web3. And the inspiring team behind it is none other than wildly successful NFT artist pplpleasr, renowned concept designer/artist Maciej Kuciara, and experienced developer Jacky Wang.

Decentralized storytelling is a web3 creative model for crowdfunding production via NFTs/tokens. Choose-your-own-adventure storytelling, dynamic credits, character development all done using the power of web3. Hear more of Shibuya’s other grandiose ideas and so much more in the episode!

------ 📣 ZERION | Trade Across 7 Networks and 500+ protocols https://bankless.cc/Zerion 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

👀 POLYGON | LAYER 2 DEFI https://bankless.cc/Polygon 

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

🦊 METAMASK | THE CRYPTO WALLET https://bankless.cc/metamask 

💳 LEDGER | THE CRYPTO LIFE CARD https://bankless.cc/Ledger 

🧙‍♂️ ALCHEMIX | SELF REPAYING LOANS https://bankless.cc/Alchemix 

🦄 UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants 

------ Topics Covered:

0:00 Intro 5:00 What is Shibuya 9:50 Shibuya’s Product Market Fit 15:05 Balancing Community Power Dynamics 18:02 Shibuya’s Experiments 25:15 Web3 Talent Coordination 28:30 Story Format 31:05 Community Decisions 33:05 Voting Fatigue & Power 36:02 Dev Challenges & Tokenomics 39:39 IP 43:41 Shibuya’s Spectrum of Engagement 46:48 Shibuya’s Grandiose Ideas 53:11 Key Ingredients to Success ------ Resources:

Shibuya’s Website: https://www.shibuya.xyz/ 

Shibuya’s Twitter: https://twitter.com/shibuyaxyz 

pplpleasr: https://twitter.com/pplpleasr1 

Maciej Kuciara: https://www.instagram.com/maciejkuciara/ 

Jacky: https://www.instagram.com/jackywangadventures 

----- 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 

4th Week of March 2022

------ 📣 ZERION | Trade Across 7 Networks and 500+ protocols https://bankless.cc/Zerion 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

👀 POLYGON | LAYER 2 DEFI https://bankless.cc/Polygon 

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

🦊 METAMASK | THE CRYPTO WALLET https://bankless.cc/metamask 

💳 LEDGER | THE CRYPTO LIFE CARD https://bankless.cc/Ledger 

🧙‍♂️ ALCHEMIX | SELF REPAYING LOANS https://bankless.cc/Alchemix 

🦄 UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants 

------ Timestamps:

0:00 Intro

6:30 MARKETS 7:15 BTC Price 7:30 ETH Price 11:40 ETH/BTC Ratio 13:00 $BED https://www.indexcoop.com/bed  13:25 Record 2022 ETH Outflows https://twitter.com/intotheblock/status/1504838298858045459  16:35 Do Kwon BTC Reserves https://www.theblockcrypto.com/post/138892/do-kwon-reveals-plan-to-increase-usts-bitcoin-reserve-to-3-billion  20:00 $6B in ETH Burned https://decrypt.co/95574/nearly-6-billion-eth-burned-ethereum-2-0-edges-closer  20:30 7-Month Low https://thedefiant.io/ether-burn-rate-deflationary-the-merge/ https://ultrasound.money/  21:45 Maple Finance Originates $1B of Loans https://blockworks.co/maple-finance-originates-1b-of-loans-in-10-months/ 

25:20 RELEASES 25:55 GameStop NFT Marketplace 26:05 Loopring’s LRC https://t.co/LMKyctfl2I  https://twitter.com/loopringorg/status/1506548697689063429  https://beta.nft.gamestop.com/  https://www.coingecko.com/en/coins/loopring  29:05 Timeswap x Polygon https://twitter.com/TimeswapLabs/status/1505944790374006792  31:40 Robinhood Debit Card Crypto Rewards https://decrypt.co/95662/robinhood-new-debit-card-offer-crypto-rewards 

33:20 RAISES 33:30 BAYC & a16z $450M https://www.theverge.com/2022/3/22/22991272/yuga-labs-seed-funding-a16z-bored-ape-yacht-club-bayc-metaverse-other-side  35:40 Yuga Slide Deck https://www.dropbox.com/s/k36t0v1b5ps0b9s/Yuga_deck_2.pdf?dl=0  38:10 A16z new PFP https://twitter.com/a16z/status/1506361154033045507  38:40 FTX, Animoca Bank $500M https://decrypt.co/95478/ftx-animoca-c2x-crypto-gaming-terra  39:40 FTX, Dave $100M https://www.coindesk.com/business/2022/03/21/ftx-invests-100m-in-banking-app-dave-forms-partnership-for-crypto-payments/  https://dave.com/  40:50 Worldcoin to Raise $100M https://www.coindesk.com/business/2022/03/22/worldcoin-to-raise-100m-at-3b-token-valuation-report/  45:00 Katie Haun $1.5B Crypto Fund https://decrypt.co/95715/andreessen-horowitz-vet-katie-haun-raises-billion-web3-fund  45:25 Frmr Polychain Capital Partner $125M Crypto Fund https://decrypt.co/95621/former-polychain-capital-partner-launches-125m-crypto-fund-that-will-become-a-dao  46:52 Qualcomm’s $100M Metaverse Fund https://www.theblockcrypto.com/linked/138848/chip-supplier-qualcomm-creates-100-million-metaverse-investment-fund  48:30 Mina Ecosystem $92M https://www.theblockcrypto.com/post/138264/mina-protocol-ecosystem-token-sale-three-arrows-ftx  50:00 Paradigm $8.75M Ribbon Finance https://twitter.com/coindesk/status/1506254872932409354  https://newsletter.banklesshq.com/p/how-to-make-money-with-automated  51:10 Dalio Finally Getting Into Crypto https://www.coindesk.com/business/2022/03/21/ray-dalios-bridgewater-investing-in-crypto-fund-sources/ 

54:55 JOBS https://pallet.xyz/list/bankless/jobs 

56:25 NEWS 56:30 Vitalik TIME Cover https://twitter.com/time/status/1504760633342021645  58:25 Awful Quote Tweets https://twitter.com/vitalikbuterin/status/1504957024345501709  https://twitter.com/RyanSAdams/status/1504954329760944136  1:01:25 Vitalik Doesn’t Know Brady https://twitter.com/VitalikButerin/status/1504959516865138689  1:02:30 Brady is a Huge Vitalik Fan https://twitter.com/TomBrady/status/1505295283286167554 

1:03:40 ETH 1:03:45 EIP 4844 - Proto-Danksharding https://www.eip4844.com  1:07:30 The Merge

1:08:55 NFTs 1:09:05 Arthur0x Phishing Scam 1:09:30 DeFiance Capital Founder $1.7M https://decrypt.co/95666/defiance-capital-founder-loses-1-7m-nfts-phishing-scam  1:09:45 How it Happened https://twitter.com/Arthur_0x/status/1506167899437686784  1:10:45 How to Stay Protected https://metaversal.banklesshq.com/p/hacker-group-stalks-nfts  1:13:05 Hollywood Disney’s Pixar Pals https://medium.com/veve-collectibles/disney-pixar-pals-25c6da53ab8e  1:13:30 The DC Universe NFTs https://www.dccomics.com/blog/2022/03/11/cartamundi-launches-dc-hybrid-physical-and-nft-trading-cards 

1:14:00 REGULATION / TRADFI / MISC. 1:14:05 Goldman Sachs 1:14:10 New Website Who Dis https://twitter.com/krugermacro/status/1506785179213475843?s=20&t=PoSkEl9kUDn-miVPTXvMkg  1:14:30 Bankless Analyst Take https://twitter.com/BenGiove/status/1506838000168226818  1:15:45 Elizabeth Warren 1:15:50 Bill From Warren https://www.coindesk.com/policy/2022/03/17/senator-elizabeth-warren-announces-sanctions-compliance-bill-for-crypto-companies  1:21:30 FIFA World Cup & Crypto.com https://www.coindesk.com/business/2022/03/22/cryptocom-nabs-fifa-world-cup-sponsorship-for-undisclosed-sum 

1:23:56 TAKES 1:24:30 Page 34 of the Cryptopians https://twitter.com/TrustlessState/status/1505984479399088128  1:27:40 JPEG vs. MP3 NFTs https://twitter.com/trustlessstate/status/1505279281139572738  1:30:15 Ethereum is Inflationary https://twitter.com/epolynya/status/1505153046455615488  1:32:45 The West’s Energy Pickle https://blog.bitmex.com/energy-cancelled/  1:37:10 Donald Glover on NFTs https://twitter.com/unitedmasters/status/1506088529838972933  1:38:05 Future of NFTs https://twitter.com/j1mmyeth/status/1505956386571575297 

1:41:30 What David’s Excited About https://twitter.com/TrustlessState/status/1507033311314845699  1:42:15 What Ryan’s Excited About

1:44:45 MEME of the Week https://twitter.com/PuffYatty/status/1506277389910872066 

1:45:30 Disclaimers ​ ----- Not financial or tax advice. Do your own research. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures