Bankless

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/ ----- GO BANKLESS WITH THESE SPONSOR TOOLS:

⭐️ AAVE - BORROW OR LEND YOUR ASSETS https://bankless.cc/aave 🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP https://bankless.cc/go-gemini 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith 📈 KWENTA | DEVIRATIVES TRADING WITH INFINITE LIQUIDITY https://bankless.cc/kwenta

------ The Fourth Crypto Cycle | Chris Dixon, a16z Crypto Fund

Chris Dixon is a general partner at a16z, a famous private American venture capital firm that has specialized in technologies related to the growth of the internet and computation.

Chris transcends the pre-internet, post-internet, pre-crypto-and post-crypto worlds of investing and venture capital, so his perspective is rich, deep, and consistent with the themes that transcend these revolutions.

Coming from a16z, Chris approaches this industry from a technological perspective, rather than a monetary one, and seems to be steering the a16z Crypto Fund ship in the direction that typical silicon valley venture capital investors focus on: how can blockchain technology meaningfully impact the 4 billion users of the internet.

This conversation with Chris was fast-paced and vibrant! Tune in to hear one of Tech's most experienced investors!

_________

📺 BONUS FOR PAID SUBSCRIBERS!

Episode 47 Debrief: David and Ryan discuss their post-episode thoughts https://shows.banklesshq.com/p/debrief-chris-dixon-episode

If you want to hear David and Ryan discuss their post-episode thoughts, subscribe to the paid version of Bankless newsletter. This is where David and Ryan post BONUS content that goes alongside the free side of the Bankless program. _________

Resources mentioned in the podcast:

The Crypto Price-Innovation Cycle https://a16z.com/2020/05/15/the-crypto-price-innovation-cycle/

Crypto Fund II https://a16z.com/2020/04/30/crypto-fund-ii/

Doing Old Things Better Vs. Doing Brand New Things https://a16z.com/2020/10/18/doing-old-things-better-vs-doing-brand-new-things/

What is Blockchain: Computers That Can Make Commitments https://a16z.com/2020/01/27/computers-that-make-commitments/

Crypto startup school - fantastic educational content (particularly for builders) https://a16z.com/2020/12/28/crypto-users-guide/

------ Don't stop at the video!

Subscribe to the Bankless newsletter program http://bankless.substack.com/

Visit the official Bankless website for resources http://banklesshq.com/

Follow Bankless on Twitter https://twitter.com/BanklessHQ

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

Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/

-----

GO BANKLESS WITH THESE SPONSOR TOOLS: 

⭐️ AAVE - BORROW OR LEND YOUR ASSETShttps://bankless.cc/aave

🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMPhttps://bankless.cc/go-gemini

💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith

📈 KWENTA | DEVIRATIVES TRADING WITH INFINITE LIQUIDITY https://bankless.cc/kwenta

------

MARKET 

BTC- It’s over $40k!- BTC closes 2020 as the best performing asset of the decadehttps://www.newsbtc.com/analysis/btc/bitcoin-closes-2020-as-best-performing-asset-of-the-last-decade/

JP Morgan analyst BTC price target of $146,000https://insidebitcoins.com/news/jpmorgan-sets-long-term-target-for-btc-price-at-146000

ETH- ETH breaks market cap high https://twitter.com/krugman25/status/1347218807849443328?s=20

ETH debt ceiling in MakerDAO increasedhttps://twitter.com/RuneKek/status/1347091831033655301?s=20

TVL in DeFi- Up from $14.4B to $22.8B

DPI $117 to $185

Total Market Cap over $1T USD https://www.coingecko.com/en/global_charts

2020 Asset Class returnshttps://twitter.com/CryptoEcon_Li/status/1345508640598405122?s=20

Ethereum King of Fees (40% or revenue)https://twitter.com/sassal0x/status/1346328797755314176?s=20

Security through Number Go Uphttps://twitter.com/lastmjs/status/1346717467196833795?s=21

_______

RELEASES

Shapeshift pivots to a Dex Aggregatorhttps://www.coindesk.com/shapeshift-going-full-defi-lose-kyc-rules

Bitcoin ETF proposalhttps://www.coindesk.com/vaneck-proposes-bitcoin-etf-again

RELEASES

Futureswap V2 is OUThttps://medium.com/futureswap/announcing-futureswap-v2-on-chain-perpetuals-with-live-pricing-e6a440939033

YAM Umbrella protocolhttps://medium.com/yam-finance/umbrella-internal-alpha-75f62c58974f

Transaction Builderhttps://twitter.com/allemanfredi/status/1346855097742057477?s=21

USDC getting an upgradehttps://blog.coinbase.com/usdc-v2-upgrading-a-multi-billion-dollar-erc-20-token-b57cd9437096

_______

NEWS

OCC - Banks can use Ethereum for payments- https://www.theblockcrypto.com/linked/90025/occ-regulator-banks-stablecoins-issuance -https://twitter.com/RyanSAdams/status/1346452770690387969?s=20 - https://www.forbes.com/sites/haileylennon/2021/01/04/occ-regulator-implements-groundbreaking-cryptocurrency-guidance-for-banks-and-the-future-of-payments/?sh=747151ae27e9

Grayscale $20B AUM before 2021https://twitter.com/BarrySilbert/status/1344762048585068544?s=19

Biden Admin will halt all midnight regulations from the Trump admin that haven’t finalized yethttps://www.cnn.com/2020/12/30/politics/biden-midnight-regulations-freeze/index.html

Bittrex delisting privacy coinshttps://www.coindesk.com/bittrex-to-delist-privacy-coins-monero-dash-and-zcash

Jake tweet: https://twitter.com/jchervinsky/status/1345061984077717504?s=27

Uniswap: $3B in liquidityhttps://twitter.com/haydenzadams/status/1346877563428347905?s=20

Uniswap Year in Reviewhttps://uniswap.org/blog/year-in-review/?s=09

Tweet thread: https://twitter.com/UniswapProtocol/status/1344687417891151874

Iran closes down mining operationshttps://www.coindesk.com/iranian-authorities-close-1620-illegal-cryptocurrency-mining-farms-report

Loopring l2 Growthhttps://twitter.com/finestonematt/status/1346936873776631811?s=20

_______

TAKES

No viable 2nd place to Ethereumhttps://twitter.com/antiprosynth/status/1347141517148905474?s=20

ETH same place as BTC in 2017https://twitter.com/RaoulGMI/status/1347033584234876931?s=20

ETH MC only worth one bank right nowhttps://twitter.com/iamDCinvestor/status/1347187372337868800?s=20

Fundamentals out, reflexivity in. https://twitter.com/BanklessHQ/status/1346239577745281024?s=20

Why are you concerned w/ Product Fit? ETH Killers solving something that's not a problemhttps://twitter.com/RyanSAdams/status/1346187749976657922?s=20

------

Don't stop at the video!

Subscribe to the Bankless newsletter programhttp://bankless.substack.com/

Visit the official Bankless website for resourceshttp://banklesshq.com/

Follow Bankless on Twitterhttps://twitter.com/BanklessHQ

Follow Ryan on Twitterhttps://twitter.com/ryansadams

Follow David on Twitterhttps://twitter.com/TrustlessState

-----

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

Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/ -----GO BANKLESS WITH THESE SPONSOR TOOLS: 

⭐️ AAVE - BORROW OR LEND YOUR ASSETShttps://bankless.cc/aave

🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMPhttps://bankless.cc/go-gemini

💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith

📈 KWENTA | DEVIRATIVES TRADING WITH INFINITE LIQUIDITYhttps://bankless.cc/kwenta------

State of the Nation #28

Algorithmic Stablecoins, with Dan Elitzer

Dan Elitzer recently co-founded Nascent (nascent.xyz), a venture capital company that is deep into the weeds in some of the most experimental projects in the Ethereum ecosystem. 

In the 2nd half of 2020, some of the coolest experimental projects have been Algorithmic, Uncollateralized Stablecoins. 

These are stablecoins without dollars in a bank, or without crypto in a vault. They are completely backed by financial incentives.... and faith in those incentives. 

In this episode of State of the Nation, we begin by defining the 'Stablecoin Trilemma' (https://imgur.com/a/Uj0HBL3), and discuss some of the history of stablecoins. 

Then we turn to the current design philosophy behind algorithmic stablecoins, how they work, what makes them stable, and who gets the upside?

We largely discuss Empty Set Dollar (ESD, https://www.emptyset.finance/), but also discuss Basis Cash, and Ampleforth. 

Tune in, to hear about this exciting emerging corner of the DeFi ecosystem!

------

Don't stop at the video!

Subscribe to the Bankless newsletter programhttp://bankless.substack.com/

Visit the official Bankless website for resourceshttp://banklesshq.com/

Follow Bankless on Twitterhttps://twitter.com/BanklessHQ

Follow Ryan on Twitterhttps://twitter.com/ryansadams

Follow David on Twitterhttps://twitter.com/TrustlessState

-----

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

Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/ -----GO BANKLESS WITH THESE SPONSOR TOOLS: 

⭐️ AAVE - BORROW OR LEND YOUR ASSETS https://bankless.cc/aave

🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP https://bankless.cc/go-gemini

💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith

📈 KWENTA | DEVIRATIVES TRADING WITH INFINITE LIQUIDITY https://bankless.cc/kwenta

------Vitalik Buterin on Why Proof of Stake?

Vitalik Buterin comes to the Bankless YouTube to discuss a number of topics surrounding Proof of Stake!

We begin discussing the Beacon Chain launch, and the Ethereum's road so far up to this point. 

We also discuss the theory and thought-process behind Proof of Stake! Vitalik recently wrote a blog piece 'Why Proof of Stake', and we walk through this piece with him!

Why Proof of Stake: https://vitalik.ca/general/2020/11/06/pos2020.html

Lastly, we discuss one of Vitalik's blog pieces 'Concave and Convex Dispositions, and how these different personality types characterize Bitcoin and Ethereum, as well as the design of social groups and human governance organizations. 

Convex and Concave Dispositionshttps://vitalik.ca/general/2020/11/08/concave.html

Other pieces mentioned: Trust Modelshttps://vitalik.ca/general/2020/08/20/trust.html ------Don't stop at the video!

Subscribe to the Bankless newsletter programhttp://bankless.substack.com/

Visit the official Bankless website for resourceshttp://banklesshq.com/

Follow Bankless on Twitterhttps://twitter.com/BanklessHQ

Follow Ryan on Twitterhttps://twitter.com/ryansadams

Follow David on Twitterhttps://twitter.com/TrustlessState -----Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case

🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/

-----

GO BANKLESS WITH THESE SPONSOR TOOLS: 

⭐️LEDGER - BEST HARDWARE WALLET TO SECURE YOUR CRYPTOhttps://bankless.cc/ledger

🚀  ZERION - INVEST IN DEFI FROM ONE PLACEhttps://bankless.cc/zerion

💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDShttps://bankless.cc/monolith 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn

------

ROLLUP: 5th Week of December

MARKET

BTC Price- Almost 29k!

ETH Price- Just hit 750!- 50% away from ATH price

Blow off tops coming??We are very far away from the 20 week MA!

TVL in DeFi- Up from 14B to 14.4B

DPI - Up from $108 to $117

2.2M ETH in ETH 2, $1.65B

Futures value Coinbase at $50Bhttps://ftx.com/trade/CBSE/USD

____

RELEASES

1INCH token releasedhttps://1inch-exchange.medium.com/1inch-token-is-released-e69ad69cf3ee

Haseeb’s take on Stablecoins

https://medium.com/dragonfly-research/fighting-to-be-stable-the-evolution-of-stablecoins-aca81fb432f9

DeFi events of the year graphic

https://www.theblockcrypto.com/linked/89271/here-are-some-of-the-biggest-defi-events-in-2020

Opyn V2https://medium.com/opyn/opyn-v2-is-live-11347240b46e

YAM rebasing DISABLED

https://twitter.com/YamFinance/status/1343966274095902720

YAM released Degenerative Finance on UMA

https://medium.com/yam-finance/degenerative-finance-ugas-explained-458bedbc2f17

- YAM acting as a good DAO!

Primitive is Live on Mainnethttps://primitivefinance.medium.com/primitive-is-live-on-mainnet-2261c5b098c5

____

NEWS

New SEC Chairman appointed: Elad Roisman https://u.today/breaking-new-pro-crypto-sec-chairman-appointed “Known as one of the most crypto-friendly SEC commissioners. A vocal supporter!

The fact that Roisman is at the helm of the SEC also significantly boosts the chances of a Bitcoin-tied exchange-traded fund (ETF) being approved in the coming years. 

Mnuchin wants onchain KYC for all ETH wallets that have stablecoins in themhttps://twitter.com/jchervinsky/status/1341864829171228676?s=20 

Comment window period open on the FinCEN proposal to extend KYC to non-custodial walletshttps://twitter.com/jchervinsky/status/1341847200209530883?s=20

Etoro IPO rumorshttps://cointelegraph.com/news/crypto-friendly-trading-firm-etoro-rumored-to-be-prepping-for-2021-ipo

Coinbase Delists XRPhttps://twitter.com/coinbase/status/1343685626001039360?s=20

Also Binance UShttps://twitter.com/binanceus/status/1344372892205608961?s=21

Also Bittrexhttps://twitter.com/BittrexExchange/status/1344056304617177089

Also trading deskshttps://www.theblockcrypto.com/linked/89083/jump-trading-galaxy-xrp-market-making

____

Cover Protocol Exploit

https://coverprotocol.medium.com/12-28-post-mortem-34c5f9f718d4

https://twitter.com/CoverProtocol/status/1343581331448586245

https://etherscan.io/tx/0xc2fd5094c1e108f83222a86bd46b35fc0da35616385d681964b22003643f982e ____

TAKES

Uniswap means you can't be delisted (sorry XRP)https://twitter.com/RyanSAdams/status/1343740028766347265?s=20

DChttps://twitter.com/iamDCinvestor/status/1344138701757153281?s=20

Can’t delist on Uniswaphttps://twitter.com/RyanSAdams/status/1343740028766347265?s=20

Ethereum is the TAMhttps://twitter.com/panekkkk/status/1343269535919562753?s=20

Ethereum doesn’t marginalizehttps://twitter.com/evabeylin/status/1341793825962958848?s=20

Degens are funding Open Sourcehttps://www.coindesk.com/defi-degens-funding-next-wave-open-source

Ethereum is the last bastion for Yieldhttps://twitter.com/TrustlessState/status/1344378165414617088?s=20 ------Don't stop at the video!

Subscribe to the Bankless newsletter programhttp://bankless.substack.com/

Visit the official Bankless website for resourceshttp://banklesshq.com/

Follow Bankless on Twitterhttps://twitter.com/BanklessHQ

Follow Ryan on Twitterhttps://twitter.com/ryansadams

Follow David on Twitterhttps://twitter.com/TrustlessState

-----

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

Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case