Bankless

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GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️LEDGER - BEST HARDWARE WALLET TO SECURE CRYPTO https://bankless.cc/ledger-20 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith

🚀ARGENT - OUR MOST RECOMMENDED DEFI WALLET https://bankless.cc/argent 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn

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The World is Waking Up to Crypto | Raoul Pal

Raoul Pal is the CEO and co-founder of Real Vision, which is a content production studio focused on democratizing access to financial knowledge. He is an investor with a sharp eye on the global macro environment, and has a strong grasp on the relationship between history and economics.

Raoul is famous for being 'irresponsibly long' on Bitcoin, and has expressed similar favourable attitudes towards Ethereum and DeFi. 

We start the episode asking about the role that Bitcoin fills in the current financial crises. 

What about the current state of the world makes Raoul bullish on Bitcoin? Why does the world need it? Why now?

- What are the factors that are influencing the incentives behind central governments printing money?

Raoul is generally of the opinion that the money printer is going to be forced to turn on

- Why forced?

- How does the looming retirement crisis impact the valuation of Bitcoin?

- Does Raoul think about how the U.S. might become really jealous of people taking their newly printing money and buying Bitcoin with it?

Then, we turn the conversation to Ethereum, and Ether, as well as the Bankless thesis!

Tune in!

MORE CONTENT: 

Real Vision: https://www.realvision.com/

Retirement crisis video: https://www.youtube.com/watch?v=5OFaZcC0lRU&t=1611s

Reinventing the money system with Ethereum: https://www.youtube.com/watch?v=0cZtrX2EHtw

Bitcoin is a life raft: https://www.youtube.com/watch?v=qL2LfVRl3J0

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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

Follow Ryan on Twitter https://twitter.com/ryansadams

Follow David on Twitter https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

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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/

----- 📢 DEVS OR BUILDER? APPLY TO FILECOIN ACCELERATOR FOR $20K GRANT  -----

GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️LEDGER - BEST HARDWARE WALLET TO SECURE CRYPTO https://bankless.cc/ledger-20 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith

🚀ARGENT - OUR MOST RECOMMENDED DEFI WALLET https://bankless.cc/argent 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn

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(MARKET) What’s the Market saying? (5 mins)

• BTC Price
  • Republican house = no tax cut repeals, no increase in capital gains
  • = Bullish?
  • Number never goes down
• • Biden presidency = Pro stimulus, pro MMT
  • BTC on Ethereum
  • BTC futures ATH volume before election (link)
• ETH Price
  • Existent
  • Underwhelming (in price)
  • • Means the upside is the head of us. 
    • People that were already bullish didnt have any further ability to express more bullishness
    • So much of the game is left to be played
  • https://twitter.com/TrustlessState/status/1324360199507881984?s=20
  • Unchanged, flat. 
• • Phase 0 pump was…
  • TVL in DeFi
  • 11.3B
• Prediction Markets (literally ‘what are the market saying’)
  • (BIDEN)
  • David made a bet!
  • https://catnip.exchange/
  • Tweet
• • FTX centralized exchange
  • PolyMarket
  • nTrump and yTrump tokens from Catnip, built with Augur + Balancer
• Uniswap 4B in 1 week (link)

(RELEASES) What got released?

• ETH 2 Deposit Contract announced
  • Alpha Leak & Guide (link)
  • If 500k ETH gets deposited to the Depositcontract.eth, december 1st or 7 days after threshold is reached, Phase 0 is launched. 
  • • ETH staking is officially here
  • FUD? Yes according to Preston and also facts
  • • ETH can’t be transferred in phase 0 
    • Anyways, the people that put their ETH on the line in the name of ETH 2.0 are not speculators. Theres no product market fit here. 
  • (Link)
• • Shill Bankless content
  •  
  • FTX playing with ‘Beacon Chain ETH’ as a secondary ETH asset to-be traded on FTX (link)
  • Before moving on, worthwhile to let people know about this ETH graphic
• Loopring Smart Contract mobile wallet (link)
• Verizon playing with blockchains for news verification?? (link)

(NEWS) What’s in the news?

• Australia CBDC (link)
• • Another consensys client
• Companies have committed to CBDCs
• • (Mastercard)
• PayPal Q3 Earnings call indicates that their Crypto products are in high demand (tweet) (transcript)
  • Venmo first half of 2021
  • • Eyeball exposure
• • Takeaways from PayPal's Q3 earnings call:
  • BTC and CBDCs pretty much of equal importance
  • Venmo gets crypto in first half of 2021
  • Surprised by the reaction to their announcement
  • Wait list was 2-3x larger than expected
  • Users check the price a lot after buying crypto (lol)
  • PayPal signals interest in enabling more assets, specifically eyeing CBDCs (link)
• Fidelity doubling down HARD on digital assets (link)
• • Hiring a cohort of over 20 developers
• US Gov seizes $1B in BTC (link)
• Huobi under nation state attack (link)
• • Same thing as OKEx
• Fincen proposal to lower Travel rule threshold to $250 (link)
• • Can’t send 250 or more internationally without reporting. Big thumbs down. 
• SBF is among Biden’s top donators (link)
• • Getting ahead of his illegal actions by donating. We know how this works. 

(TAKES) What’s on your mind?

• (David) Lack of trust in institutions means there's is increasingly becoming room for people to be open to new alternatives
• • 2020 has changed so many paradigms, that adopting things like Bitcoin and Ethereum just don’t seem that crazy by comparison any more. 
  • The common phrase that we hear all the time is that ‘trust in institutions are at an all time low
  • What is Bitcoin, Ethereum, and DeFi other than new alternative institutions in which we can place our trust?
  • I don't see how we are gaining trust in institutions back. I don’t see us ‘voting’ our way into a richer world. I see us adoption new institutions that can’t break our trust. 
• (Ryan) 
• • Uniswap is doing $4b per week--you can no longer say DeFi/Ethereum is useless
• (Ryan) Take 1: ETH is not priced in
• (Ryan) Spicy take 
• • We don't need a Bitcoin v2 because it already exists. 
  • It's called Ethereum.

What are you excited about?

• David: The arrival of Ethereum 2.0 brings so many 2nd, 3rd order consequences
  • ETH triple point asset thesis moves closer to the status quo. 
• • ETH price has an entirely new value proposition
  • To this day, we still hear people citing John Pfeffers ETH investment thesis, which some in the ETH camp, us included, cited as total BS from day one (at least how it relates to ETH), but the Ethereum side of things never had any hard evidence to back it up. NOW WE DO. 
  • All previous unfavorable theories of ETH are defunct
• Ryan: ETH as a Digital Bond (link) (link)
• • investors are going to wake up to ETH as a yield asset
  • Digital Bond

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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

Follow Ryan on Twitter https://twitter.com/ryansadams

Follow David on Twitter https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

-----

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/

----- 📢 DEVS OR BUILDER? APPLY TO FILECOIN ACCELERATOR FOR $20K GRANT  -----

GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️LEDGER - BEST HARDWARE WALLET TO SECURE CRYPTO https://bankless.cc/ledger-20 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith

🚀ARGENT - OUR MOST RECOMMENDED DEFI WALLET https://bankless.cc/argent 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn

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Phase 0 is HERE - ETH STAKING December 1st!

What Happens on December 1st? Can we just send ETH to depositcontract.eth? What else do we have to do?

How much ETH is required in the deposit contract?

What are the risks? How do I avoid getting slashed?

We bring Preston Van Loon from the Prysmatic Labs team to inform us of WHAT JUST HAPPENED!

LINKS: Launchpad for Staking ETH and running an ETH 2 validator: https://launchpad.ethereum.org/

MAKE SURE YOU KNOW WHAT YOUR DOING. START BY WATCHING THE VIDEO on YouTube: https://www.youtube.com/watch?v=SkUiw1y3BHU&feature=youtu.be

Ethereum.org Official Blog: https://blog.ethereum.org/2020/11/04/eth2-quick-update-no-19/

Deposit contract Etherscan address: https://etherscan.io/address/0x00000000219ab540356cBB839Cbe05303d7705Fa

Follow Preston on Twitter: https://twitter.com/preston_vanloon

Prysmatic Labs website: https://prysmaticlabs.com/

RocketPool Meet the Nation: https://www.youtube.com/watch?v=cqf6aJCFZn8&t=599s

RocketPool Tactic: https://bankless.substack.com/p/how-to-mint-reth-on-rocket-pool

------

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

Follow Ryan on Twitter https://twitter.com/ryansadams

Follow David on Twitter https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

-----

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/

----- 📢 DEVS OR BUILDER? APPLY TO FILECOIN ACCELERATOR FOR $20K GRANT  -----

GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️LEDGER - BEST HARDWARE WALLET TO SECURE CRYPTO https://bankless.cc/ledger-20 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith

🚀ARGENT - OUR MOST RECOMMENDED DEFI WALLET https://bankless.cc/argent 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn

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SotN#21: POLITICAL! w/ Tyler Whirty (ELECTION DAY! Repubs, Dems, Crypto, and YOU)

 

Joe Biden or Donald Trump…

- How these two outcomes with how it relates to crypto? - How does this decision impact our industry? - Is there a partisan divide between the two parties and their stance towards our industry?

Assuming the answer is somewhere around ‘it doesn’t really matter’... - What are the political decisions that are going to be made in the near-term that will impact our industry - What are the characteristics, features of Crypto, DeFi, Bitcoin that are at stake due to political decisions in government? - What do we have to lose in this fight? - What does crypto have to gain from a successful regulatory relationship with the US?

LINKS

Tyler's Election prediction https://twitter.com/twhirty_/status/1323640068469379074?s=21

Real-time odds on Ethereum

https://polymarket.com/market/will-trump-win-the-2020-us-presidential-election

Bankless Market Monday: The Fight Yet to Come https://bankless.substack.com/p/the-fight-thats-yet-to-come-market

Ryan Twitter Poll: Have we already lost the fight for privacy? https://twitter.com/RyanSAdams/status/1323371459230814212?s=20

 

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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

Follow Ryan on Twitter https://twitter.com/ryansadams

Follow David on Twitter https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

-----

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/

----- 📢 DEVS OR BUILDER? APPLY TO FILECOIN ACCELERATOR FOR $20K GRANT  -----

GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️LEDGER - BEST HARDWARE WALLET TO SECURE CRYPTO https://bankless.cc/ledger-20 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith

🚀ARGENT - OUR MOST RECOMMENDED DEFI WALLET https://bankless.cc/argent 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn

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SotN#21: POLITICAL! w/ Tyler Whirty (ELECTION DAY! Repubs, Dems, Crypto, and YOU)

 

Joe Biden or Donald Trump…

- How these two outcomes with how it relates to crypto? - How does this decision impact our industry? - Is there a partisan divide between the two parties and their stance towards our industry?

Assuming the answer is somewhere around ‘it doesn’t really matter’... - What are the political decisions that are going to be made in the near-term that will impact our industry - What are the characteristics, features of Crypto, DeFi, Bitcoin that are at stake due to political decisions in government? - What do we have to lose in this fight? - What does crypto have to gain from a successful regulatory relationship with the US?

LINKS

Tyler's Election prediction https://twitter.com/twhirty_/status/1323640068469379074?s=21

Real-time odds on Ethereum

https://polymarket.com/market/will-trump-win-the-2020-us-presidential-election

Bankless Market Monday: The Fight Yet to Come https://bankless.substack.com/p/the-fight-thats-yet-to-come-market

Ryan Twitter Poll: Have we already lost the fight for privacy? https://twitter.com/RyanSAdams/status/1323371459230814212?s=20

 

------

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

Follow Ryan on Twitter https://twitter.com/ryansadams

Follow David on Twitter https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

-----

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/

----- 📢 DEVS OR BUILDER? APPLY TO FILECOIN ACCELERATOR FOR $20K GRANT  -----

GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️LEDGER - BEST HARDWARE WALLET TO SECURE CRYPTO https://bankless.cc/ledger-20 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith

🚀ARGENT - OUR MOST RECOMMENDED DEFI WALLET https://bankless.cc/argent 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn

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37 - Crypto is Empowering | Phil Bonello

Phil Bonelo - Director of Research of Greyscale - Former ikigai asset management - Messari. How crypto powers the individual.

Phil speaks about technology for the people by the people, a central theme of the Bankless Nation.

Crypto is an empowering technology.

Elliptic curve cryptography provides the maximum level of ownership assurances over property, a service that the Nation State historically has had monopoly over.

Cryptocurrency is a subset of cryptograpgy. Cryptography powers more thing than just 'crypto'.

Why is it important to have individual-empowering technology?

How does encryption empower the individual? Is this good?

How does cryptography impact global labor markets?

What does an internet-enabled economy produce?

What else can we do with this power?

Join us as we go on this journey!

ACTIONS: 1) Read the Sovereign individual thesis - https://philjbonello.substack.com/p/the-sovereign-individual-investment

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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

Follow Ryan on Twitter https://twitter.com/ryansadams

Follow David on Twitter https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter https://twitter.com/DeFi_Dad

-----

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.