Bankless

Episode: #28
August 31, 2020

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Tools from our sponsors to go bankless:

• Loopring - trade & pay on Ethereum w/ near-0 gas fees!
  (use "Bankless" for VIP4 status & trades at 6bps!)
  
  
• Monolith - holy grail of bankless Visa cards
  
  
• Aave - money lego for lending & borrowing
  
  
• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS")
  (Read this on IRAs and 401ks)

----
Vance Spencer of Framework was buying DeFi tokens when they were deeply unpopular. Deep conviction on DeFi, but he and his co-founder made bets on communities. He was contrarian yes...but contrarian right.

Ask him his strategy and he'll simply tell you..."I look at memes all day." But there's hidden brilliance in that phase. Listen as he describes how he invests in the crypto native founders, how he buys culturally composable communities, how the best things start very small. 

His fund bought SNX when no on believed. They bought LINK when it was worth 18 cents. How? Why? What's he buying now?

We end with some FIRE predictions on final market caps for this bull run.

We cover:

• Are we in a bull market?
• The DeFi Bull Case
• Crypto Native Investing Fund
• Composable communities
• Contrarian bets in the bear market
• Where did the LINK marines come from?
• Populism is real in crypto
• REGULATORS are friends?
• Turning Communities into Protocols
• Farming Token Premium
• Things Vance is buying
• Price Predictions!!!

Bankless AMA - Antonio Juliano, Founder of dYdX

Antonio Juliano, the Founder of dYdX, arrives at the Bankless Nation for an AMA!

dYdX is a non-custodial trading platform on Ethereum, featuring a lot of cutting edge trading features meant to mimic the legacy system, but in the DeFi world!

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GO BANKLESS WITH THESE SPONSOR TOOLS:

⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade! 🧙‍♀️ POLYMARKET - BET ON CRYPTO - bet your beliefs! - use it to bet on DeFi outcomes!  🌈 AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK - earn some interest!

💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY - learn about this experiment!

-----

We do AMAs every 2nd and 4th Thursday of the month. 

Become a Bankless member to get access to the Zoom Webinar and ask questions to future AMA guests like Antonio directly!

Here's the video recording. 

Antonio is the founder of dYdX, a popular trading, margin, and and derivatives market on Ethereum. The Bankless Nation asks him questions about:

1. Spot trading
2. Margin trading
3. Perpetual swaps
4. Borrowing & Lending
5. The complete dYdX stack
6. Regulatory Compliance, KYC
7. Starkware and L2's
8. dYdX token??

And more....

-----

Don't stop at the show!

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 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.

Bankless AMA - Antonio Juliano, Founder of dYdX

Antonio Juliano, the Founder of dYdX, arrives at the Bankless Nation for an AMA!

dYdX is a non-custodial trading platform on Ethereum, featuring a lot of cutting edge trading features meant to mimic the legacy system, but in the DeFi world!

-----

GO BANKLESS WITH THESE SPONSOR TOOLS:

⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade!

STATE OF THE NATION #11 - Tuesday, August 18, 2020

Watch on the Bankless YouTube Channel

The State of the Bankless Nation is....BUILDING!

The bankless boys discuss why.

-----

GO BANKLESS WITH THESE SPONSOR TOOLS:

⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade! 🧙‍♀️ POLYMARKET - BET ON CRYPTO - bet your beliefs! - use it to bet on DeFi outcomes!  🌈 AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK - earn some interest!

💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY - learn about this experiment!

----- TOPICS:

1) ETH2 TESTNET BROKE?

2) LAYER2 WILL SAVE US

3) PRO-O-O-O-O-TOCOL SINK

We show: 

1. Bankless Medalla Testnet Guide
2. Official docs for prysmatic labs client
3. Ethereum economic density article - Nic Carter 
4. Loopring DeFi Dad video on Bankless YouTube
5. OMG network taking Tether settlement
6. dYdX scaling with layer2 starkware
7. Near bridging to Ethereum
8. Binance staking DAI using Compound/DSR
9. Huobi launching Global DeFi Summit 

--- Episode Actions:

1. Catch SOTN LIVE on YouTube every Tuesday at 10am EST (2pm UTC)
2. Join AMA with Antonio of dYdX live at 2pm EST this Thursday
3. Subscribe to Bankless to get Medalla testnet guide then get involved

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday!

-----

Don't stop at the show!

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

-----

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 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/
-----
GO BANKLESS WITH THESE SPONSOR TOOLS:

💸 GODS UNCHAINED - TRADING CARD GAME - YOU OWN THE CARDS!
https://bankless.cc/godsunchained

💳 POLYMARKET - BET ON CRYPTO - BET YOUR BELIEFS!
https://bankless.cc/polymarket
https://bankless.substack.com/p/how-t...

🌈AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK
https://bankless.cc/aave

💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY
https://bankless.cc/AMPL-MINE

-----
STATE OF THE NATION #10 - Tuesday, August 25, 2020

The State of the Bankless Nation is....BUILDING! The bankless boys discuss why.

TOPICS:
1) ETH2 TESTNET BROKE?
2) LAYER2 WILL SAVE US
3) PRO-O-O-O-O-TOCOL SINK

We show:

1) Bankless Medalla Testnet Guide
https://bankless.substack.com/p/guide-becoming-a-validator-on-the

2) Official docs for prysmatic labs
https://docs.prylabs.network/docs/

3) Ethereum economic density article - Nic Carter
https://www.coindesk.com/ethereums-fees-mean-choosing-between-a-world-computer-and-a-financial-network

4) Loopring DeFi Dad video on Bankless YouTube
https://www.youtube.com/watch?v=hF_e4bx-aiQ

5) OMG network taking Tether settlement
https://twitter.com/omgnetworkhq
https://omg.network/bitfinex-usdt-tether-integration-omg-network/

6) dYdX scaling with layer2 starkware
https://integral.dydx.exchange/scaling-with-starkware/

7) Near bridging to Ethereum
https://twitter.com/AlexSkidanov/status/1296139890778726400

8) Binance staking DAI using Compound/DSR
https://www.binance.com/en/support/articles/32f889b8dacd42e28dc16d035ad8f35e?utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

9) Huobi launching Global DeFi Summit
https://cointelegraph.com/news/huobi-launches-global-defi-alliance-to-merge-east-and-west

---
ACTION ITEMS:

1) Subscribe to Catch SOTN LIVE every Tuesday at 10am EST (2pm UTC)
https://www.youtube.com/c/bankless

2) Join AMA with Antonio of dYdX live at 2pm EST this Thursday
https://bankless.substack.com/p/announcing-bankless-amas-every-2nd

3) Subscribe to Bankless to get Medalla testnet guide then get involved
https://bankless.substack.com/

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday!

-----
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.

Episode: #27 August 24, 2020

-----

Tools from our sponsors to go bankless:

• Loopring - trade & pay on Ethereum w/ near-0 gas fees! (use "Bankless" for VIP4 status & trades at 6bps!)
• Monolith - holy grail of bankless Visa cards
• Aave - money lego for lending & borrowing
• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS") (Read this on IRAs and 401ks)

----

Haseeb Qureshi likes the question: what did I miss? That's how he improves his mental model for investing in crypto. That's how he sharpens his mind. 

That's how this former Airbnb developer and professional poker play became a notable investor at DragonFly Capital.

And that's where we start the conversation.

It leads us into a discussion on Uniswap and automated market makers, and why he thinks Uniswap will be unbundled. Which leads into Ethereum scaling, DeFi in Eth2, and an articulation of the clearest analogy for DeFi scalability in Etheruem that we've ever heard.

Use this episode to sharpen your crypto investing mind.

We cover:

• The big thing Haseeb missed
• Explain Uniswap like I'm 5
• Why AMMs are eating orderbook exchanges
• The Unbundling of Uniswap
• Smart Automated Market Makers (SAMMs!)
• DeFi in Eth2: Cities, suburbs, and farms
• Economic load balancing across shards
• Layer 2 as the shopping malls
• The Shard for crypto banks
• What about the ETH killers?
• Sorry boys...ETH ain't money
• Haseeb's High conviction Bets

Join us next Monday for a fresh episode!

----- Resources discussed:

• What explains the rise of AMMs? - Article by Haseeb
• Unbundling Uniswap - New Article by Haseeb
• DeFi in Eth2: Cities, suburbs, farms - Article by Haseeb
• ETH must be money episode with Charlie Noyes
• More on Automated Market Makers:
  • Rise of the Liquidity Robots - Bankless Article
  • Going Bankless with Uniswap - Podcast Epsiode
  • Uniswap is Infrastructure - Bankless Article
• When DeFi meets Rollup - Bankless Article on Rollups

----- Episode Actions:

1. Read DeFi in Eth2: Cities, suburbs, farms
2. Read What explains the rise of AMMs?
3. Read Unbundling Uniswap
4. Give Bankless a 5 star review on iTunes!

----- Subscribe to podcast on iTunes | Spotify | YouTube | RSS Feed

Leave a review on iTunes

Share the episode with someone you know!

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

Subscribe to the Bankless newsletter program

Watch Bankless shows and tutorials on YouTube

Visit official Bankless website for resources

Follow Bankless on Twitter

Follow Ryan on Twitter

Follow David on Twitter

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

Episode: #27
August 24, 2020

-----

Tools from our sponsors to go bankless:

• Loopring - trade & pay on Ethereum w/ near-0 gas fees!
  (use "Bankless" for VIP4 status & trades at 6bps!)
  
  
• Monolith - holy grail of bankless Visa cards
  
  
• Aave - money lego for lending & borrowing
  
  
• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS")
  (Read this on IRAs and 401ks)

----

Haseeb Qureshi likes the question: what did I miss? That's how he improves his mental model for investing in crypto. That's how he sharpens his mind. 

That's how this former Airbnb developer and professional poker play became a notable investor at DragonFly Capital.

And that's where we start the conversation.

It leads us into a discussion on Uniswap and automated market makers, and why he thinks Uniswap will be unbundled. Which leads into Ethereum scaling, DeFi in Eth2, and an articulation of the clearest analogy for DeFi scalability in Etheruem that we've ever heard.

Use this episode to sharpen your crypto investing mind.

We cover:

• The big thing Haseeb missed
• Explain Uniswap like I'm 5
• Why AMMs are eating orderbook exchanges
• The Unbundling of Uniswap
• Smart Automated Market Makers (SAMMs!)
• DeFi in Eth2: Cities, suburbs, and farms
• Economic load balancing across shards
• Layer 2 as the shopping malls
• The Shard for crypto banks
• What about the ETH killers?
• Sorry boys...ETH ain't money
• Haseeb's High conviction Bets

Join us next Monday for a fresh episode!

-----
Resources discussed:

• What explains the rise of AMMs? - Article by Haseeb
• Unbundling Uniswap - New Article by Haseeb
• DeFi in Eth2: Cities, suburbs, farms - Article by Haseeb
• ETH must be money episode with Charlie Noyes
• More on Automated Market Makers:
  • Rise of the Liquidity Robots - Bankless Article
  • Going Bankless with Uniswap - Podcast Epsiode
  • Uniswap is Infrastructure - Bankless Article
• When DeFi meets Rollup - Bankless Article on Rollups

-----
Episode Actions:

1. Read DeFi in Eth2: Cities, suburbs, farms
2. Read What explains the rise of AMMs?
3. Read Unbundling Uniswap
4. Give Bankless a 5 star review on iTunes!

-----
Subscribe to podcast on iTunes | Spotify | YouTube | RSS Feed

Leave a review on iTunes

Share the episode with someone you know!

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

Subscribe to the Bankless newsletter program

Watch Bankless shows and tutorials on YouTube

Visit official Bankless website for resources

Follow Bankless on Twitter

Follow Ryan on Twitter

Follow David on Twitter

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

STATE OF THE NATION #10 - Tuesday, August 18, 2020

Watch on the Bankless YouTube Channel

The State of the Bankless Nation is....GAMING!

The bankless boys discuss why.

-----

GO BANKLESS WITH THESE SPONSOR TOOLS:

⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade! 🧙‍♀️ POLYMARKET - BET ON CRYPTO - bet your beliefs! - use it to bet on DeFi outcomes!  🌈 AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK - earn some interest!

💸 AMPLFORTH - MONETARY EXPERIMENT FOR BASE MONEY - learn about this experiment!

-----

TOPICS:

1) MONEY GAMES - YAMS NOT DED

2) CRV LAUNCH FAIR?

3) MAXIMALISM GETTING DUMBER?

We show: 

1. Ready Player One (article by David)
2. Ethereum: The Money-Game Landscape
3. Conway's game of life article
4. YAM Farms
5. YAM analytics
6. Where you mine CRV
7. CRV price

--- Episode Actions:

1. Catch SOTN LIVE on YouTube every Tuesday at 10am EST (2pm UTC)

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday!

-----

Don't stop at the show!

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

-----

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 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.

STATE OF THE NATION #10 - Tuesday, August 18, 2020

Watch on the Bankless YouTube Channel

The State of the Bankless Nation is....GAMING!

The bankless boys discuss why.

-----

GO BANKLESS WITH THESE SPONSOR TOOLS:

⚔️ GODS UNCHAINED - TRADING CARD GAME - you own the cards - start a free account, play and trade!

Episode: #26 August 18, 2020

-----

Tools from our sponsors to go bankless:

• Loopring - trade & pay on Ethereum w/ near-0 gas fees! (use "Bankless" for VIP4 status & trades at 6bps!)
• Monolith - holy grail of bankless Visa cards
• Aave - money lego for lending & borrowing
• Rocket Dollar - tax shelter your crypto ($50 w/ "BANKLESS") (Read this on IRAs and 401ks)

----

What are the paradigms for investing in DeFi?

Charlie is an exceptionally bright & thoughtful investor in crypto assets at Paradigm...one of the leading investment firms in the crypto space. We talk institutions, yield farming, and DeFi protocols...and then we get into one of our favorite subjects. Is ETH money?

Or rather, does ETH need to be money in order to secure itself?

What is dirty little secret many Ethereans and Bitcoiners don't admit? Why is moneyness and security two sides of the same coin? Why won't transaction fees secure Bitcoin? This episode goes from great...to amazing. You won't find this depth of discussion anywhere else. Stay tuned to the very end to catch the conversation on economic security. 

We cover:

• Starting in crypto at age 11
• Gen Z and crypto 
• How Institutions see crypto
• Futility tokens are futile
• Is Uniswap the last word on AMMs?
• RAI vs DAI
• Money gams & accounting tricks
• Yield farming for yield farming sake
• Why we're not in a bubble yet
• Why Ether has to be money (or bust)
• Cosmos and Ethereum alternatives
• Not bullish on Eth2 timeline

Join us next Monday for a fresh episode!

----- Resources discussed:

• Here's the episode with Joey Krug we mentioned
• Bitcoin for the Open Minded Skeptic article by Paradigm
• Is the Map of America the way institutions see crypto?
• We mentioned YAMS - here's our explainer
• We mentioned EIP-1559 (listen here | read article)

----- Episode Actions:

1. Read "Bitcoin for the Open-Minded Skeptic” by Paradigm
2. Articles Charlie mentioned to understand economic security:
   • On the Instability of Bitcoin Without the Block Reward
   • Flash Boys 2.0 - Phil Daian
3. Spread bankless by giving 5 star reviews….get us to 100!

Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday.

----- Subscribe to podcast on iTunes | Spotify | YouTube | RSS Feed

Leave a review on iTunes

Share the episode with someone you know!

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

Subscribe to the Bankless newsletter program

Watch Bankless shows and tutorials on YouTube

Visit official Bankless website for resources

Follow Bankless on Twitter

Follow Ryan on Twitter

Follow David on Twitter

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