Bankless

When we think of people to walk us through the history of money and where it's all headed, it's hard to think of a guest more qualified than Lyn Alden. 

This episode is a masterclass where we answer seemingly simple questions like "What is Money?" to the future of money and how Lyn thinks the next great transfer of wealth will play out.  ------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-lyn-alden-and-the-history-of-money  ----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q4 

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

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

🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo ------ CHAPTERS 0:00 Intro 6:34 What is Money? 10:03 Double Coincidence of Wants 14:18 How Does Money Emerge? 19:46 Progression Of Money Over Time 28:00 Society vs Society 33:14 The Transition to Fiat 39:07 Settlement Time Of Gold 47:53 What Are Banks? 59:14 The Technology Arc 1:04:26 How Nation States Impact Money 1:13:33 Ledger's and Army's 1:16:36 Bretton Woods 1:31:01 Is The Fiat Era Ending? 1:38:13 The Crypto Future 1:44:05 Future Predictions ----- RESOURCES

Lyn Alden https://twitter.com/LynAldenContact 

Broken Money https://www.lynalden.com/broken-money/  ----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Bankless Weekly Rollup 3rd Week of October

----- 🧥 Take the Survey and Win the Bankless Jacket! https://bankless.cc/survey 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2 

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

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

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap 

🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS & RESOURCES

0:00 Intro

3:20 Markets 5:15 Janet Yellen on War https://news.sky.com/story/we-can-certainly-afford-two-wars-us-treasury-secretary-says-12985335  7:50 A Trade War https://x.com/KobeissiLetter/status/1714280042547806316  9:10 Treasuries vs Bitcoin https://twitter.com/robustus/status/1714303541077020770  10:30 Vance on Young People https://x.com/pythianism/status/1714697205259325511  12:22 Commodity-Like Money https://x.com/MikeIppolito_/status/1714710556865597816  12:50 Vitalik Not Dumping https://warpcast.com/vitalik.eth/0xb8ccf84d  13:45 Crypto Dollars https://twitter.com/sebventures/status/1714226872471470452  https://twitter.com/MikeIppolito_/status/1714345259847561526 

18:00 BTC ETF Flub https://pbs.twimg.com/media/F8kL82PX0AAC0dm?format=jpg&name=medium  https://twitter.com/watcherguru/status/1713921987783885072  19:20 How it Happened https://cointelegraph.com/news/clarification-sharing-false-spot-bitcoin-etf-news  21:10 Surprisingly Bullish https://twitter.com/0xfoobar/status/1713931735086313788  22:40 Analyzing the Trade https://twitter.com/john_j_brown/status/1713927067337646410  23:30 Larry Fink https://twitter.com/pythianism/status/1714026700894359838  24:50 SEC Getting Involved https://x.com/JSeyff/status/1714987065664766303 

25:50 Uniswap Fees https://twitter.com/haydenzadams/status/1713987105666265113  27:40 People are Upset https://x.com/econoar/status/1713998895079145858  https://twitter.com/NTmoney/status/1714023810586804732  30:50 Nuanced Takes https://x.com/jessewldn/status/1714023895164920267  https://imgur.com/srTluvB  https://imgur.com/52GHn8p  32:25 Closing Thoughts https://x.com/hosseeb/status/1714092908415156365  https://twitter.com/RyanSAdams/status/1714009148147241042  https://twitter.com/trustlessstate/status/1714123412904267857  38:25 Uniswap Stats https://dune.com/hagaetc/dex-metrics  https://twitter.com/1kbeetlejuice/status/1714096389024579796  https://app.blockworksresearch.com/analytics  https://twitter.com/tomkysar/status/1714397906629783671 

44:00 SBF Trial Continues  https://futurism.com/the-byte/legal-experts-sbf-deep-trouble  https://blockworks.co/news/sam-bankman-fried-trial-day-10  https://www.theblock.co/post/256368/blockfi-ceo-points-finger-at-alameda-ftx-for-collapse-of-crypto-lender-during-testimony-at-sbf-trial  https://twitter.com/innercitypress/status/1713711029614448686 

51:05 Scroll Mainnet Live https://twitter.com/Scroll_ZKP/status/1714286874020528554  https://www.youtube.com/live/FWzdCbFXAy8?si=LYpHH1xGkncyAUUh https://www.bankless.com/airdrop-hunter  52:50 Coinbase Perpetuals https://x.com/coinbase/status/1714642518678155709  https://www.coingecko.com/research/publications/crypto-derivatives-market  57:40 Elizabeth Warren vs Crypto https://x.com/RyanSAdams/status/1715026122704900217  https://x.com/KMSmithDC/status/1714007648364880282  1:01:30 Fighting Back https://www.bloomberg.com/news/articles/2023-10-13/sec-won-t-ask-court-to-reverse-its-decision-on-spot-bitcoin-etf  https://twitter.com/JSeyff/status/1712935855877128662  1:02:10 EtherFi Token https://x.com/ether_fi/status/1714695381957902428 

1:05:00 Jimmy Zhong https://www.cnbc.com/2022/11/07/feds-seize-3point36-billion-in-bitcoin-the-second-largest-recovery-so-far.html  https://www.cnbc.com/2023/10/17/crypto911.html?taid=652e795bddbbd60001a5835f 

1:11:30 Protecting Citizens https://twitter.com/shaughnessy119/status/1714384326467399858  1:12:15 MEV Searchers https://appointmenttrader.com/  1:14:45 Mirroring the Stock Market  https://twitter.com/degenspartan/status/1713030953193591084  1:16:40 Permissionless Finance https://twitter.com/ErikVoorhees/status/1712229910477967781 

1:17:30 What Ryan’s Bullish On https://u.today/joseon-blockchain-ecosystem-introduces-first-ever-virtual-nation-state  https://www.joseon.com/l/en-US/  https://joseon.cloud/JoseonWhitepaper.pdf  1:22:30 What David’s Bullish On

 1:25:20 MEME of the Week https://vxtwitter.com/tomkysar/status/1714066425071984992?s=46 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 

Joining us today from Hong Kong is Sandy Peng. Sandy is here to tell us what crypto is like on the other side of the world, walking us through regulations, adoptions and bringing us fully up to speed on the landscape in Hong Kong. 

For many of us this episode is a 0 to 1 moment in understanding around crypto in Hong Kong and more broadly China. ----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT  ------ 📣 Bankless Podcast Survey:  https://forms.gle/Ai5qpCJjQPhAErPr8  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q4 

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

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

🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo 

----- RESOURCES

Sandy https://twitter.com/SandyPeng1  ----- CHAPTERS 0:00 Intro 5:53 Hong Kong History 10:08 What is Hong Kong Like 12:27 Why Hong Kong is Successful 15:28 Innovators and Regulators 19:11 HK & China Relationship 26:35 Why is HK opening its Doors to Crypto 28:52 Crypto in HK 37:21 Has HK Put Its Foot on The Gas? 40:42 The Silicon Valley Of China 43:08 Stablecoin Legislation 45:08 How Crypto Friendly is HK? 46:54 Why Move To HK? 50:50 DeFi 54:46 Crypto Projects in HK 56:33 Watch The Debrief ----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

The rollup wars are alive well! Scroll just launched their zkEVM to Ethereum mainnet. We invited Scroll's Co-Founder, Sandy Peng and Scroll's Senior Researcher, Toghrul Toghrul Maharramov on the show. 

In today's episode, we discuss why Sroll is exciting, how it is different than other rollups. what’s next, and of course, wen token. 

----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT 

------ 📣 Bankless Podcast Survey:  https://forms.gle/Ai5qpCJjQPhAErPr8 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q4 

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

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

🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo 

----- TIMESTAMPS:

0:00 Intro 6:04 Scroll Mainnet Live 6:30 Why Is Scroll Mainnet Unique?  9:25 EVM Equivalence Importance  16:30 Apps Compatibility  17:50 Importance of Scroll Rollup 20:17 Why ZK is the Holy Grail  26:30 What to do on Scroll & Why Scroll 32:47 Stitching L2s Together 39:40 What's Next For Scroll 44:30 Toghrul Disagreements 49:00 Wen Token? 50:00 Closing & Disclosures

----- RESOURCES:

Sandy https://twitter.com/SandyPeng1 

Toghrul https://twitter.com/toghrulmaharram 

----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠  

Cryptodollars are the new Eurodollars. What are Eurodollars, though? Well, we get into that in today’s episode with 8-time repeat Bankless guest, Nic Carter. Nic is a partner at Castle Island Ventures, Fidelity alumni, co-founder and board member of Coin Metrics, and a prolific writer of editorials and academic articles alike, Nic is also a believer that the halvening is always priced in, he’s a stablecoin connoisseur, an onchain wizard, and an unlicensed vespa driver. 

------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-nic-carter-stablecoins 

There’s over $10 trillion dollars worth of Cryptodollars out there and Nic believes that number could grow even bigger. Stablecoins are often called crypto’s killer app, however, Nic thinks we aint seen nothing yet!

----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT 

------ 📣 a16z Startup School | Apply Before Oct. 20th https://bankless.cc/a16z-startup-school 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q4 

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

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

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap 

🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 8:25 Stablecoin Tribe  10:20  The State of Stablecoins in 2023  13:40 Stablecoin’s Product Market Fit  17:16 Stabelcoin Haters 19:00 Growth of the Euro-Dollar Market  21:04 Euro vs. Crypto Dollars  24:30 Federal Reserve History  34:45 Stablecoin Incentives  37:00 Euro-Dollar vs. U.S.-Dollar Backing  43:00 Circle 45:40 PYUSD 46:56 Crypto-Dollars vs. Euro-Dollars  51:15 Why the Rise of Stablecoins?  55:57 Democratic Inclusion of Crypto-Dollarization  59:19 Chart 1:03:05 Tokenized Treasury  1:07:16 Regulatory Idea Maze  1:15:00 Big Banks  1:19:30 Stablecoin Roadmap 1:24:57  Crypto Bullishness 1:28:52 Stablecoin Predictions  1:32:12 Closing & Disclaimers 

----- RESOURCES

Nic Carter https://twitter.com/nic__carter  

----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 

Bankless Weekly Rollup 2nd Week of October

----- 🎁 Check your wallet with our brand new tool: Claimables  https://bankless.cc/GetClaimables  ------ 📚 a16z Startup School | Applications are now open! https://a16zcrypto.com/crypto-startup-school/?utm_source=bankless&utm_medium=podcast&utm_campaign=css_london&utm_id=css  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2 

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

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

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap 

🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS & RESOURCES

0:00 Intro

3:30 Markets 6:30 Inflation https://www.cnbc.com/2023/10/12/cpi-september-2023.html 

11:00 Why Americans Have Crypto https://twitter.com/jp_koning/status/1711714224664186943 

14:05 ETH Validator Queue https://www.validatorqueue.com/ 

16:45 Friend.tech Surpassed Bitcoin https://twitter.com/tokenterminal/status/1710024292992163889 

17:45 Tron vs Bankless https://www.bankless.com/tron-trx-bull-bear 

22:00 ETH Predictions https://www.theblock.co/post/255860/ethereum-eth-price-standard-chartered-bank 

27:00 SBF Trial https://compote.slate.com/images/c8708922-4b13-418c-a8be-af557e45079e.jpeg 

28:20 Gary Wang https://twitter.com/emilydparker/status/1711797258302243182?s=46 

33:00 Caroline Ellison vs SBF https://www.nytimes.com/2023/10/10/technology/caroline-ellison-sam-bankman-fried-trial.html 

41:30 Thai Escorts (Not Taiwanese, David!)   44:05 SBF’s Ambitions https://x.com/innercitypress/status/1711806222117027840?s=20  https://twitter.com/byzgeneral/status/1711864012567093287 

47:45 Hamas Crypto Accounts https://www.theblock.co/post/255679/israeli-authorities-have-frozen-hamas-linked-crypto-accounts-report  https://www.wsj.com/world/middle-east/militants-behind-israel-attack-raised-millions-in-crypto-b9134b7a 

50:22 Critical Context https://twitter.com/samlyman33/status/1712209368450511162?s=46 

51:33 Getting Drafted https://twitter.com/AmMuroch/status/1711980124021669941 

52:30 Ray Dali on War https://www.linkedin.com/pulse/another-step-toward-international-war-ray-dalio/ 

53:30 Farcaster Goes Permissionless https://twitter.com/dwr/status/1711828728865849505 

54:00 Five Shades of Lido https://notes.ethereum.org/@mikeneuder/magnitude-and-direction 

58:10 Sam Altman on Joe Rogan https://ogjre.com/episode/2044-sam-altman 

1:01:05 Trader Joe Getting Sued https://twitter.com/Blockworks_/status/1711705702287200497?s=20 

1:02:00 Uniswap zkEVM https://x.com/okutrade/status/1709916468219981977?s=20 

1:04:30 Questions from the Nation https://bankless.cc/GetClaimables 

1:08:10 When to Sell https://twitter.com/cburniske/status/1711064578212475360?s=20 

1:10:10 Cars vs Shoes https://twitter.com/0xMidnight/status/1710409447187632611 

1:10:50 What David’s Bullish On https://www.bankless.com/vampire-season-diva  1:15:50 What Ryan’s Bullish On   1:21:00 MEME of the Week https://twitter.com/Crypto_McKenna/status/1711851523657830561 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 

Today we welcome to the show today Mike (Rainbow) Demarais. The co-founder of Rainbow Wallet who is here to walk us through Rainbow's newest creation, the browser extension. ----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2 ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask

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

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap

🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo

------ TIMESTAMPS

0:00 Intro 4:33 Why Did You Make Rainbow? 7:54 Reading The Market 9:49 Solving Wallet Management 11:34 Wallet Management 13:07 Using Ledger's 14:32 Rainbow Walkthrough 18:30 Network Switching 22:07 Bridging 25:04 Fiat Onramp 30:25 Rainbow Roadmap 33:06 Design in Web3 36:23 Rainbow Kit 39:17 Public Good?

----- RESOURCES

Rainbow: https://rainbow.me/

Mike: https://twitter.com/mikedemarais

----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Last week was unprecedented, to say the least. Several, yes that’s right, not 1, not 2, but several ETH Futures ETFs launched last week for the first time in the U.S.! 

What does this mean for crypto? Volumes have been surprisingly low. Is it a surprise? Will volumes pick up? Regardless, of whether they do or don't, what do all of these ETH ETFs mean for crypto? Are Bitcoin ETFs next? 

We brought on Eric Balchunas to help us answer the above and much more.  is an analyst at Bloomberg Intelligence focused on exchange-traded funds. Eric is an analyst at Bloomberg Intelligence focused on exchange-traded funds. 

----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT 

------ 📣 a16z Startup School | Apply Before Oct. 20th https://bankless.cc/a16z-startup-school 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2  ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

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

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap 

🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 7:12 Why ETF Week Was Unprecedented  11:15 Magnitude of Many Launches  16:40 Futures Less Than Spot?  18:25 ETHE vs. Futures  23:43 Is ETH a Security? 28:28 Why Do We Care About ETH ETFs? 32:40 Spot Approval Interpretation  37:23 Scope of the Opportunity  46:50 Timing Predictions of Spot Approvals 51:00 Gensler Preventing Spot Approval?  55:30 Eric’s Twitter 57:00 Closing & Disclaimers 

----- RESOURCES

Eric Balchunas https://twitter.com/EricBalchunas 

----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 

Danny Ryan is a coordinator at the Ethereum Foundation. He’s been on Bankless many times before. Usually, we’re talking about the Ethereum roadmap and what’s coming next. This time we’re talking about something different…a risk to Ethereum that Danny sees. A little over a year ago, Danny wrote a blog post titled “The Risk of LSDs”... discussing the various risk vectors that a dominant LSD presents to Ethereum…even naming Lido specifically in the process. 

------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-danny-ryan 

------ A lot of people have decided that liquid staking with Lido is the place to do it. At the time of recording Lido has over 30% of all staked Ether. Does this present a systemic risk to Ethereum?

We did an episode called, “In Defense of Lido” with researcher Hasu who argued that Lido does not pose a systemic risk to Ethereum. In fact, Lido’s dominance is better than many other alternatives. We left that conversation half-finished when we published it in August 2023. 

In today’s episode, we cover part two of that debate with Ethereum researcher and guest Danny Ryan who argues the opposite. Lido is a systemic risk to Ethereum and what to do about it.

We believe our role as podcasters for issues like this is to voice both sides of the argument in long-form conversations and healthy debate. It is exactly the kind of thing you don’t get on Twitter. That’s why we’ve given voice to both sides of this issue. 

We think there are good actors who care about this ecosystem at Lido and in the broader Ethereum community and we’re sure this episode won’t be the last word on this subject.

----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT 

------ 📣 a16z Startup School | Apply Before Oct. 20th https://bankless.cc/a16z-startup-school 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2  ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask 

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

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku 

🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap 

🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS

0:00 Intro 7:41 Is Lido a Threat to Ethereum 8:57  Blog Post Thinking Change? 19:30 Uniswap 21:20 Theoretical Main Risks 25:45 God Mode  27:20 Practical Main Risks 34:00 Hasu Counter-Arguments  38:25 Permissionless Validator Set Mitigation 42:30 Veto Power Mitigation Argument 46:55 How Likely is the Lido Risk? 51:26 Client Team Positioning  55:00 How Special is the Lido Case?  57:45 One LST Inevitability   1:02:30 Solutions  1:06:55 Profit Maximization  1:09:00 Action Steps For Ethereum Decentralization  1:11:53 Can Ethereum Devs Do Something?  1:20:10 Hasu Questions Answered by Danny  1:22:45 Magnitude of the Lido Threat 1:24:20 How Can Lido Fix This?  1:25:59 Stick & Carrot for Lido 1:26:27 Silverlining of Lido Threat 1:29:05 Next Conversations  1:32:16 Closing & Disclaimers  

----- RESOURCES

Danny Ryan https://twitter.com/dannyryan  

Danny Ryan Blog Post https://notes.ethereum.org/@djrtwo/risks-of-lsd  

Hasu’s Bankless Interview https://youtu.be/IfuUdIblfrY  

----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures 

WRU 1st Week of October ----- 🏹 Airdrop Hunter is HERE, join your first HUNT todayhttps://bankless.cc/JoinYourFirstHUNT ------ 📚 a16z Startup School | Applications are now open! https://a16zcrypto.com/crypto-startup-school/?utm_source=bankless&utm_medium=podcast&utm_campaign=css_london&utm_id=css  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2 ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING ⁠https://bankless.cc/MetaMask

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

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

🦄UNISWAP | ON-CHAIN MARKETPLACE ⁠https://bankless.cc/uniswap

🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo 

------ TIMESTAMPS & RESOURCES

0:00 Intro

4:57 MARKETS https://www.growthepie.xyz/ 

8:14 Uptober or Rektober? https://twitter.com/stackhodler/status/1708421490264166754 

11:00 Arthurs Take https://twitter.com/cryptohayes/status/1709775837271388267?s=46&t=LKBC7Qtm18FnZ380xCF2pA 

12:14 US Debt is Insane  https://x.com/zerohedge/status/1709321746673786896?s=20 

13:40 China is Selling https://apolloacademy.com/wp-content/uploads/2023/10/China_Outlook_Oct3_2023.pdf  https://www.cfr.org/blog/how-hide-your-foreign-exchange-reserves-users-guide 

18:43 SBF Trial Has Begun! https://www.cnn.com/2023/10/03/investing/sbf-trial-jury-selection/index.html  https://twitter.com/lex_node/status/1709318776078877071 

25:24 Day 2

30:45 Michael Lewis Takes

36:24 Anthropic Plot Twist https://www.theblock.co/post/254667/anthropics-new-raise-could-mean-full-payout-for-ftx-creditors-lawyer 

38:05 ETH Futures Derby https://x.com/EricBalchunas/status/1708841958020366838?s=20  https://x.com/EricBalchunas/status/1708953284495708559?s=20  https://x.com/vaneck_us/status/1708113739881337125?s=20  https://x.com/vaneck_us/status/1707888396171977036?s=20 

41:30 ETF Takes https://x.com/EricBalchunas/status/1708865693481836849?s=20  https://x.com/EricBalchunas/status/1709187579352875039?s=20 https://x.com/vaneck_us/status/1709353826937889152?s=20  https://twitter.com/brianquintenz/status/1708966869284073929?s=46  https://twitter.com/NateGeraci/status/1708954390701236544  https://x.com/EricBalchunas/status/1709552867088924820?s=20 

46:01 Grayscale Files For Spot ETF https://twitter.com/EricBalchunas/status/1708822647369273637 

48:59 Celestia Launches Token https://twitter.com/CelestiaOrg/status/1706671239572676881  https://x.com/RyanSAdams/status/1706714159235142081?s=20  https://twitter.com/MessariCrypto/status/1707773950732771740?s=20 

51:15 Su Zhu Arrested https://www.bloomberg.com/news/articles/2023-09-29/three-arrows-capital-co-founder-zhu-apprehended-liquidator-says 

  52:43 OP Fault Proofs https://twitter.com/OPLabsPBC/status/1709236296604930487 

54:14 SEC Loses again to Ripple https://x.com/BillHughesDC/status/1709345748930748708?s=20 

57:38 Questions From The Nation https://discord.com/channels/615592155481767941/1058053004705669211/1159165917045981245 

1:01:21Takes Of The Week https://x.com/mdudas/status/1709350657918939557?s=20  https://x.com/TrustlessState/status/1709002107238432928?s=20  https://twitter.com/RyanSAdams/status/1709219774020899079?s=20 

1:06:13 What Are We Bullish On https://x.com/TrustlessState/status/1709343459201499404?s=20 

1:08:32 Meme Of The Week https://twitter.com/bulltrapper0/status/1707759825151561943?s=20 

1:11:06 Disclosures

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures