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The collision between crypto and AI agents has officially begun. Matthew Stephensen of Pantera Capital research partner and author of “Crypto: Picks and Shovels for the AI Gold Rush,” joins us today.
We dive into the world of autonomous AI agents on blockchains, discussing the evolving role of agents, AI-driven market changes, and whether blockchain is the natural substrate for AI. Matt sheds light on topics from agent liability and regulatory challenges to infrastructure value capture and the "picks and shovels" approach to investing in AI-driven crypto tech.
Are AI agents on blockchains the obvious future? And how do scarcity and abundance interact in this new era? Join us as we tackle these questions and more, exploring what the future might hold at the intersection of AI, autonomy, and blockchain.
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------ TIMESTAMPS
0:00 Intro 5:34 Crypto x AI Narrative Shift 6:39 AI & Economic Agents Explained 11:50 GOAT Memecoin Summary 23:15 Were AI Crypto Agents Obvious? 25:18 Luna AI Token & Terminal 29:41 Consequences? Is This Life? 33:27 Exciting Use Cases 40:27 Sam Altman Quote Importance 42:33 Wealth Generation Process & Blockspace 48:15 Programmable Money & Agent MEV 56:14 The AI Agent & Memecoin Thesis 1:03:03 Government & Society Reaction Predictions 1:11:09 No Off Buttons?... 1:13:40 DePin & AI 1:16:45 AI Agent Blockspace Demand 1:19:15 Closing & Disclaimers
------ RESOURCES
Matthew Stephenson https://x.com/stephensonhmatt
Crypto's Role In The AI Revolution https://panteracapital.com/blockchain-letter/cryptos-role-in-the-ai-revolution/#crypto-ai-gold-rush
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
Bankless Nation, we’ve got the hottest debate in crypto right now: Are L2s extensions of Ethereum?
On one side, we’ve got Kyle Samani and Max Resnick proposing that the current Ethereum Rollup-Centric Roadmap is off-track. On the other side we’ve got David Hoffman and Jill Gunter defending L2s as successful extensions of Ethereum.
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------ TIMESTAMPS
0:00 Intro 8:54 Defending “Extensions of Ethereum” 16:33 Interoperability Standards 25:36 Are L2s Parasitic to Ethereum? 32:37 ETH Economics & Value Accrual 41:30 Solana vs Ethereum L2s 49:09 Closing Thoughts
------ RESOURCES
Kyle Samani https://x.com/KyleSamani
Max Resnick https://x.com/MaxResnick1
Jill Gunter https://x.com/jillrgunter
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
This week, a record-breaking billion-dollar crypto acquisition has caught mainstream attention, highlighting its significance for the stablecoin market’s future. Kraken joined the Layer 2 race, while Worldcoin launched its own L2, WorldChain, and Scroll’s airdrop received mixed reactions from recipients. Meanwhile, Paul Tudor Jones is bullish on crypto as a hedge, while Michael Saylor stirred controversy by criticizing self-custody, calling it a move for “losers.” ------ 📣 0x v2 | NEXT GEN PRICING ENGINE https://bankless.cc/0x ------ BANKLESS SPONSOR TOOLS:
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🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🤖 0G | MAKING THE IMPOSSIBLE, INEVITABLE https://bankless.cc/0G ----- ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/84?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E ------ TIMESTAMPS & RESOURCES 00:00 Start 02:23 Markets https://pro.kraken.com/app/trade/btc-usd https://pro.kraken.com/app/trade/eth-usd https://x.com/DegenerateNews/status/1849120571222536262 https://www.coingecko.com/en/global-charts
06:22 L2 Updates https://l2beat.com/scaling/summary https://x.com/lukeyoungblood/status/1849217477668171831?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g https://x.com/lukeyoungblood/status/1849217477668171831? s=46&t=2ZINVXJQKx6xO_6Wiiu_2g
08:09 Paul Tudor Jones Bullish Bitcoin https://x.com/WatcherGuru/status/1848735063615152136
10:46 Election Check In https://polymarket.com/elections https://x.com/Polymarket/status/1849451658788384797
15:26 Kraken's New L2 https://x.com/inkonchain/status/1849443457883885801 https://inkonchain.com/en-US
19:23 Stripe's $1 Billion Dollar Bet https://x.com/Stablecoin/status/1848390849215730100 https://x.com/zcabrams/status/1848391342524641533 https://x.com/benhoneill/status/1848390493425504388 https://x.com/cburniske/status/1848108613631390155
22:24 Michael Saylor Against Self Custody? https://x.com/AdamSimecka/status/1848131598044074289 https://x.com/Sina_21st/status/1848450657205789161 https://x.com/ErikVoorhees/status/1848754319019151873 https://x.com/VitalikButerin/status/1848876323026178429 https://x.com/ercwl/status/1848737997463695827
28:59 Balance on CEX's https://x.com/leonwaidmann/status/1848780740969795917? s=46&t=2ZINVXJQKx6xO_6Wiiu_2g
32:38 Uniswap Integrated Across https://x.com/AcrossProtocol/status/1849106135443202069 https://x.com/danrobinson/status/1849142590131904650 https://x.com/TrustlessState/status/1849182167748022600
35:47 Scroll Airdrop https://scroll.io/blog/introducing-scrolls-first-airdrop-a-celebration-of-the-global-community https://claim.scroll.io/ https://x.com/Andrey_10gwei/status/1848441546645135672 https://x.com/redhairshanks86/status/1848653068554166339
39:12 Ethereum Blobs https://x.com/Data_Always/status/1848789160888332340
42:46 WorldCoin launches 'World Chain' L2 https://world.org/blog/announcements/world-chain-now-open-every-human
48:46 Central Bankers https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877 https://www.minneapolisfed.org/research/working-papers/unique-implementation-of-permanent-primary-deficits
52:11 Buenos Aires Issues Decentralized ID's https://zksync.mirror.xyz/kWRhD81C7il4YWGrkDplfhIZcmViisRe3lnsmbvOEmg
56:19 Nigeria Drops Charges https://www.bloomberg.com/news/articles/2024-10-23/nigerian-court-releases-binance-executive-jailed-since-february
57:44 Meme Of The Week https://x.com/TrustlessState/status/1849206541255389459 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
Optimism’s Ben Jones and Kraken’s Andrew Koller join us today to talk about Kraken’s latest release. Kraken is launching Ink, a blockchain built on the OP Stack, joining the Superchain to scale Ethereum. Ink offers 1-second block times and connects users to top DeFi applications while contributing to a unified ecosystem.
Kraken will share revenue with the Optimism Collective and participate in OP Governance, alongside major players like Coinbase and Uniswap. Ink’s mainnet is set to launch in early 2025, focusing on onchain wealth management and developer engagement.
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------ TIMESTAMPS
0:00 Intro 5:43 Ink Explained 10:23 What Happens on Ink? 12:52 Technicalities of Ink 14:00 Kraken x Ink Synergy & Goals 16:15 Why Superchain? 17:36 Ink Roadmap 19:08 Scaling Ink 24:41 Wen Superchain Promise 33:19 Superchain 2025 Forcast 37:36 Kraken BTC x Ink 38:38 $INK 39:35 Superchain Economics 48:28 What’s Next? 51:30 Closing & Disclaimers
------ RESOURCES
Ink
http://inkonchain.com
Kraken https://x.com/krakenfx
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
In this episode of Bankless Takes we dive into the growing sentiment that Ethereum is losing its edge, with its roadmap straying and competitors catching up. We’ve spent a long time evaluating these arguments, and today, we give our take on the Ethereum Roadmap Wars. This is our best take on how the debate unfolds and why, in the end, we’re still bullish on Ethereum’s future.
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------ TIMESTAMPS 00:00 Start 03:24 The Roadmap Wars 12:22 What Are The Wars Really About? 25:40 Roadmap Proposed Solutions 35:03 Why Are We Fighting Over DeFi 39:15 What Do We Do About It? 44:59 Where Will DeFi End Up? 50:23 What About $ETH The Asset? 53:43 The Bull Case For ETH
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
Omid Malekan, an adjunct professor at Columbia Business School and author of multiple books on crypto joins us. Omid shares his insights on the evolution of blockchain, the concept of digital scarcity, and the future of decentralized finance. Drawing from his experiences in both traditional finance, his teachings, and the crypto industry. Omid also discusses how blockchain offers a fundamentally new way to build trust and redefine property rights in the digital world and his best arguments for why ETH is better than SOL.
------ 🎬 DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-omid-malekan
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------ TIMESTAMPS
0:00 Intro 5:52 Omid Malekan’s Crypto Background 9:31 Transitioning from TradFi to Crypto 14:51 Explaining Blockchain to Crypto Newcomers 21:10 The Fear in Crypto Transactions 24:53 Blockchain as a New Financial Architecture 28:07 What New Crypto Users Get Wrong 32:06 Not All Blockchains Are Equal 39:25 Qualitative & Quantitative Block Space 41:49 Lessons from Traditional Finance 46:36 Modular Design in Blockchain Systems 1:01:30 Envisioning Crypto's Endgame 1:09:25 Ether's Value Proposition and Role 1:20:28 Opportunities for High-Quality Liquid Assets 1:23:38 Ether as the Money of the Internet 1:36:55 Settlement Assurances and the Future of Ether 1:44:07 Crypto Cycles and Future Gains 1:45:29 Own Podcast? 1:46:22 Closing & Disclaimers
------ RESOURCES
Omid Malekan https://x.com/malekanoms
Omid's Books https://www.amazon.com/Re-Architecting-Trust-History-Markets-Platforms/dp/1732027331 https://www.amazon.com/Story-Blockchain-Beginners-Technology-Understands/dp/1732027307
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
With 17 days to the election, Trump launched WLFI token sales, while Kamala’s positive crypto comments sparked reactions. Polymarket shows Trump at 62%—can that be real?
In Ethereum, despite price drops, Fuel launched a high-performance L2, and Paradigm introduced its own with Reth at the core.
Meanwhile, Saylor plans a Bitcoin Bank, and Kraken is rolling out wrapped Bitcoin.
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------ TIMESTAMPS & RESOURCES
0:00 Intro
4:17 Markets, L2 Update, & Blobs https://farside.co.uk/?p=1518 https://x.com/Evan_ss6/status/1846592303143776269 https://x.com/growthepie_eth/status/1845076141054345464 https://x.com/ryansadams/status/1845111043250393569 https://x.com/sassal0x/status/1846458384842916143 https://dune.com/hildobby/blobs https://x.com/litocoen/status/1846455792461140222 https://imgur.com/a/hGxZIyT https://x.com/pythianism/status/1846502438624231605 https://x.com/EricBalchunas/status/1845944946991276494
21:52 What’s going on on Polymarket? https://polymarket.com/event/presidential-election-winner-2024?tid=1729178339570 https://x.com/RyanSAdams/status/1846660964105453836 https://x.com/fewture/status/1846667819200795038 https://x.com/adamscochran/status/1846677802583838768 https://x.com/divine_economy/status/1846677795423785150 https://www.natesilver.net/p/whats-behind-trumps-surge-in-prediction https://x.com/fozzydiablo/status/1846369866091319743 https://x.com/fozzydiablo/status/1846647506446246089 https://x.com/hosseeb/status/1846395633806331914
31:12 Let’s check in on Trump and Kamala - 17 Days until election First Trump - kicked off World Liberty Financial token sale https://x.com/realDonaldTrump/status/1845179557852377508 https://x.com/tier10k/status/1846641132731552018 https://x.com/RyanSAdams/status/1845926256292122767
34:43 Then Harris - said something about crypto - appreciates the help of crypto in broadening access to wealth https://kamalaharris.com/wp-content/uploads/2024/10/FMfcgzQXJZxzLGgcKmSNQSXCRKXShwxJ.pdf https://x.com/RyanSAdams/status/1845920172638605768 https://x.com/Matt_Hougan/status/1845832802316751251 https://x.com/BanklessHQ/status/1846552111217045904 https://elections2024.thehill.com/massachusetts/massachusetts-senate-warren-deaton/ https://polymarket.com/event/massachusetts-us-senate-election-winner?tid=1729152612507
46:16 Galaxy researched released their Crypto policy scorecard https://x.com/intangiblecoins/status/1845845163588907486
51:29 Kraken with a big release…Wrapped BTC - KBTC https://www.coindesk.com/business/2024/10/17/crypto-exchange-kraken-launches-wrapped-bitcoin-token-kbtc/
52:17 Fuel mainnet is live! https://x.com/fuel_network/status/1846536888003313786
53:54 Paradigm is launching a new L2, Odyssey https://x.com/gakonst/status/1844757392061542781 https://x.com/danrobinson/status/1844759810421805069
55:49 Conduit introduced Conduit G2 https://x.com/conduitxyz/status/1846567345864536468
57:41 Michael Saylor wants to turn Microstrategy into a Bitcoin bank https://x.com/isoandso/status/1844772434991325287
59:15 Italy will raise capital gain tax on Bitcoin from 26% to 42% https://www.reuters.com/markets/europe/italy-stiffens-terms-digital-services-tax-2025-budget-2024-10-16
1:00:41 Bankless Summit is coming! https://x.com/TrustlessState/status/1846722706919838081
1:02:34 Meme of the Week, David’s Fight & Kyle Samani Drama https://x.com/Jesseeckel/status/1845491020492124361 https://x.com/sgoldfed/status/1846183598832959617
1:06:29 Closing & Disclaimers
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
Announcing: The Bankless Summit
The Saturday after Devcon (Nov 16th) Bankless is hosting a single day of the most interesting talks and conversations in Ethereum!
Sit back and enjoy as Bankless curates the most interesting speakers in Ethereum while we let them speak!
Get tickets here: https://lu.ma/0bpju5ic
BANKLESS CITIZEN PERK: 70% OFF THE TICKETS! https://www.bankless.com/join
A16z’s 2024 State of Crypto Report is out!
Bankless reviews these reports every year so we can get caught up on everything happening in Crypto. That's why we’re bringing a16z Crypto CTO Eddy Lazzarin and Data Scientist Daren Matsuoka.
Expect to learn how 2024 contrasts to 2023, crypto adoption signals, innovations in every sector from policy to scaling and stablecoins to zk cryptography. And most importantly, why the price innovation cycle is here to stay. Enjoy!
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------ TIMESTAMPS
0:00 Intro 5:53 Vibe Check 7:00 Target Audience 9:16 2023 Contrast 12:14 How Big is Crypto? 21:23 Desktop vs Mobile Adoption 25:13 Crypto Policy 29:34 Stablecoins 36:24 Ethereum Gas Fees 46:09 Scaling 48:24 ZK Cryptography 58:30 Applications 1:00:23 Crypto x AI 1:06:23 DeFi vs Centralized Services 1:09:27 Builders 1:12:09 Price Innovation Cycle 1:16:14 Reflections on 2024 1:19:37 Closing & Disclaimers
------ RESOURCES
A16z 2024 State of Crypto Report
Eddy Lazzarin https://x.com/eddylazzarin
Daren Matsuoka https://x.com/darenmatsuoka
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
Joining us today is Kain Warwick. Not to fight, but to talk about his exciting new project called Infinex.
Infinex aims to replace crypto's centralized exchange experience and bring it all onchian. It's ambitious, but if it works, could change the way we think about DeFi and navigate across chains forever.
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⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🗣️TOKU | CRYPTO EMPLOYMENT https://bankless.cc/toku
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------ TIMESTAMPS 00:00:00 Intro 00:04:29 Infinex 00:12:44 The Infinex Tech Stack 00:20:45 Optimizing Across Protocols 00:27:00 The Centralization Tradeoff 00:29:04 Key Tech Unlocks 00:34:48 Managing Protocol Risk 00:42:33 Transaction Experience & Security 00:50:40 Patron Sale 00:56:55 Future Growth Plans 01:00:29 Fight Commentary
------ RESOURCES Kain Warwick - https://x.com/kaiynne
Infinex - https://x.com/infinex_app
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
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