Bankless

Joining us today is the Head of Research at Coinbase, David Duong, and macro is on the menu.  We’re talking yield curves, election fears, US equities, and if macro economics is even real. 

And finally, David walks us through the recession. Is it delayed, is it cancelled, is it already here? ----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT 

------ 📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud https://bankless.cc/layer-zero 

------ 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 

----- RESOURCES

David Duong https://www.linkedin.com/in/david-duong-cfa/ 

Quarterly Outlook: Crypto Markets in 10 Charts https://www.coinbase.com/institutional/research-insights  ----- Chapters: 0:00 Intro 9:38 Is Everything Going Alright? 13:09 Is Macro Economics even Real? 16:43 Government Fiscal Spending 21:44 Election Impact 24:11 US Exceptionalism? 29:14 The Impact of Fiscal Stimulus 38:30 How important is Cash? 45:29 US Equities 52:23 Student Loans 56:39 Recession Talk ----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

Sergey Nazarov is the co-founder of Chainlink. Chainlink, you might know as the price oracles for DeFi… providing DeFi with the data it needs to know prices. More ambitious than just prices, Chainlink is aiming to become the interoperability layer between all of TradFi and all of DeFi, acting as a gateway between onchain and offchain data. We’re going to explore that vision today on Bankless. 

------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-sergey-nazarov-chainlink 

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

------ 📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud https://bankless.cc/layer-zero 

------ 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 7:30 The Chainlink Vision  13:59 Offchain Computation  20:35 Why Chainlink Is Here 28:20 Offchain Trust Maximization Technicalities  31:31  Oracle Networks  38:53 Dynamic Automated Inception Marketplaces 45:45 CCIP  1:08:20 Why Swift Is Important 1:14:45 Banks to Blockchains  1:25:18 DTCC Explained  1:31:58  5 Levels of Crosschain Security  1:38:40 Crypto in 2030  1:44:40 Closing & Disclaimers 

----- RESOURCES

Chainlink https://chain.link 

CCIP  https://chain.link/cross-chain 

The Five Layers of Cross-Chain Security https://blog.chain.link/five-levels-cross-chain-security/  

SmartCon Virtual Signup  https://smartcon.chain.link/virtual 

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

WRU Last Week of September ----- Check your wallet with our brand new tool: Claimables 🎁 https://bankless.cc/GetClaimables 

------ 📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud https://bankless.cc/layer-zero 

------ 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  ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠

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

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

----- TIMESTAMPS & RESOURCES

0:00 Intro

2:49 MARKETS https://twitter.com/kobeissiletter/status/1707104500341731367?s=46 

8:05 JP Morgan Dissapointed With Ethereum https://www.theblock.co/post/252470/jpmorgan-ethereum-shanghai-disappointing  https://twitter.com/pythianism/status/1706373977944289470?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 

13:54 SEC Decision Delayed https://twitter.com/JSeyff/status/1706771264596050073  https://twitter.com/EricBalchunas/status/1706765369342382197 

19:49 ETF Futures Next Week? https://x.com/EricBalchunas/status/1707394842827882826?s=20 

17:25 Gary Grilled By Congress https://www.sec.gov/news/testimony/gensler-testimony-committee-financial-services-092723  https://x.com/BanklessHQ/status/1707042914520473953?s=20  https://x.com/BanklessHQ/status/1707060955257987256?s=20  https://x.com/BanklessHQ/status/1707072356802232697?s=20  https://twitter.com/BanklessHQ/status/1707040759059206493/photo/1  27:54 Gary's Identical Twin

29:08 Coinbase In Washington DC https://x.com/coinbase/status/1707184983599677793?s=20  https://x.com/YahooFinance/status/1707121790223258075?s=20  https://twitter.com/blockchaintpsht/status/1707162437512839345  https://twitter.com/haydenzadams/status/1707225322595262929?s=46&t=X0oQ26a3ezptVAZLp1QFaw 

32:32 Kevin Owocki's Highlights https://twitter.com/owocki/status/1707217559932543085 

35:05 Pudgy Penguins in WalMart https://x.com/Walmart/status/1706784567276040547?s=20  https://x.com/0xLoMel/status/1706708088684683474?s=20  https://twitter.com/LucaNetz/status/1706774209014235313?s=20 

40:21 Vitalik DeepFake https://x.com/TrustlessState/status/1706388861545316512?s=20  https://youtu.be/RsIBqExwsT8?si=RmoRx2p7z5TEWvba 

43:26 Buenos Aires ID's Coming to Ethereum https://blockworks.co/news/buenos-aires-government-id-ethereum-zksync 

44:41 Equities on Kraken? https://twitter.com/deitaone/status/1707082785146495190?s=46&t=LKBC7Qtm18FnZ380xCF2pA 

46:41 FriendTech Clones https://twitter.com/DefiIgnas/status/1706322149139447985 

49:25 Base Introduces Pessimism https://twitter.com/BuildOnBase/status/1704217177904271827 

51:13 Fred Wilson got phished https://avc.mirror.xyz/VUu7-BOTlH2J-qF9SctXr17CLBFx9Xu5xr6sACXehr8 

53:46 MicroStrategy Bought More BTC https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/financial-document-archive/form-8-k_9-25-2023.pdf 

54:56 Chase Bank is banning crypto payments in the UK https://twitter.com/brian_armstrong/status/1706787540215460155 

56:13 OFAC Adding More Sanctioned Wallets https://home.treasury.gov/news/press-releases/jy1763 

58:49 Rainbow Wallet Comes To The Web https://twitter.com/rainbowdotme/status/1704900402427166858?s=20 

59:19 Raises Of The Week https://twitter.com/banklessvc/status/1706735211080270109?s=46 

1:04:27 Questions From The Nation https://discord.com/channels/615592155481767941/1058053004705669211/1156588932826402866 

1:08:01 Takes Of The Week

1:21:36 What Are We Bullish On? https://twitter.com/trustlessstate/status/1706440750911651847?s=46 

1:29:14 Meme of The Week https://x.com/BanklessHQ/status/1707152459372564822?s=20 

1:23:50 Moment Of Zen https://x.com/vaneck_us/status/1707204049487958255?s=20 

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

Joining us today from Fidelity are Chris Kuiper and Jack Neureuter who recently released their Ethereum Investment Thesis report.

On this episode we're asking are the institutions serious about Ether? Has Ether passed through the gauntlet…like BTC? And what does it look like for institutions to actually begin investing in Ether the asset.

Fidelity manages $4.5 trillion dollars, that's many multiples higher than the entire crypto market cap. This is worth paying attention to. ----- Check your wallet with our brand new tool: Claimables 🎁 https://bankless.cc/GetClaimables 

------ 📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud https://bankless.cc/layer-zero 

------ 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  ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle ⁠

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

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

------ TIMESTAMPS

0:00 Intro 7:07 Intro to Chris and Jack 8:50 About Fidelity Assets 12:00 Analyzing Crypto Risk as an Institution 16:42 What do Institutions Think of Ether? 19:17 Comparing Other Assets 23:5 5How Others Can Join Ether and Bitcoin 25:58 Ether and Ethereum 29:44 Is Ether a Money? 40:14 What is Money? 44:13 What Else Competes for Money? 48:38 Thesis Two 51:19 Ether Cash Flow 55:51 The Value of Metrics 1:00:41 Modeling Future Cash Flows 1:08:11 How Has The Report Been Recieved? 1:10:21 Whats Next For Fidelity? ----- RESOURCES

Fidelity's Report on Ethereum: https://www.fidelitydigitalassets.com/sites/default/files/documents/1101895.1.0%20-%20FDAS%20ETH%20Investment%20Thesis%20%2808.14%29.pdf 

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

In today’s episode, we’re exploring the frontier of the multi-chain Ethereum roadmap. Synthetix has been leading this charge as it pertains to the application layer of Ethereum. 

David is joined by Synthetix’s Founder, Kain Warwick in person in David’s Brooklyn studio.

“Synthetix, A New Hope,” is a recent blog post Kain wrote and is a main focus for today’s episode. 

----- Check your wallet with our brand new tool: Claimables 🎁 https://bankless.cc/GetClaimables 

------ 📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud https://bankless.cc/layer-zero 

------ 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  ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠

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

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

------ TIMESTAMPS

0:00 Intro 7:08 Synthetix Networks  8:50 Growth Complexity  9:50 Phases of Complexity of Apps  14:00 Elaborating the Problem Layers  15:25 Paramartizing Risk 19:00 Defining the Problem(s) 21:00 Likelihood of Solution(s) 24:05 3 Paths of Fragmented Liquitidy  31:40 Chainlink’s CCIP  32:50 Optimism  36:00 MakerDAO 36:55 dYdX Model  44:25 Free Market Model  47:00 Other Solution Tools  55:15 Cross-Chain Shared Execution  57:50 Kain & Synthetix Main Focuses 59:00 Timeline  59:50 Other Components of Synthetix  1:02:25 Kain’s Thoughts on Regulation  1:08:13 Final Messages  1:09:15 Closing & Disclaimers 

----- RESOURCES

Kain Warwick https://twitter.com/kaiynne  

Synthetix, A New Hope https://mirror.xyz/kain.eth/tAXGVKMTYM8K2gUOQq9JDQ1wyV_5Msdlrn_AtmiCGEI 

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

The overnight fed funds rate is 5.3% but how much are you getting from that in your bank account? How much are you getting from your stablecoins? 

Today on the show Martin Carrica walks us through a world in which we can tokenize treasuries instead of just dollars. ------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-onchain-t-bills/ 

----- Check your wallet with our brand new tool: Claimables 🎁 https://bankless.cc/GetClaimables 

------ 📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud https://bankless.cc/layer-zero 

------ 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  ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠

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

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

0:00 Intro 7:16 Intro To Martin 10:37 Risk Free Rate of Return 16:06 Inflation Experience in Argentina 20:41 Why Don't We have Onchain TBills? 22:44 Laws Around Treasuries 27:08 Do The Fed's Want This? 31:53 Don't we Already Have Onchain Treasuries? 37:18 The Next Evolution Of Stablecoins 40:01 How Big Could This Be? 50:12 Cutting Out Commercial Banking 52:21 Explaining The Product 55:57 Onchain Vs Traditional TBills 1:02:51 How Big Can This Get? 1:04:10 Identifying Legit Onchain TBills 1:05:49 Why Doesn't Circle Do This? 1:11:50 Dealing With US Regulation 1:15:02 Central Bank Digital Currency 1:19:02 Can This Start a Bull Market?

----- RESOURCES

Martin on Twitter: https://twitter.com/mcarrica 

Martin's article on Stablecoins: https://mcarrica.substack.com/p/stablecoins-are-cryptos-hidden-money 

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

WRU 4th Week of September 

----- Check your wallet with our brand new tool: Claimables 🎁 https://bankless.cc/GetClaimables 

------ 📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud https://bankless.cc/layer-zero 

------ 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 ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle ⁠

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

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

----- TIMESTAMPS & RESOURCES

0:00 Intro 2:50 MARKETS 9:15 Fed Rate - No change! (5.25-5.5%) https://www.nytimes.com/live/2023/09/20/business/fed-meeting-interest-rates  12:10 U.S. Americans Own Crypto? https://www.coinbase.com/blog/a-call-to-action-mobilizing-52-million-crypto-owners-into-an-army-of-1  15:20 Ethereum’s 1st Merge anniversary!  https://twitter.com/sassal0x/status/1702629393984803041?s=46  16:25  Bye bye ultra-sound money?  https://ultrasound.money/#gas  17:30 L1 is shrinking, but layer-2 networks are maintaining healthy activity  https://l2beat.com/scaling/activity 

20:39 Are all the chains moving to Ethereum? Rollup Migration to Ethereum - 3 New Ethereum Rollups coming from non-Ethereum ecosystems 21:00 1.1 - Astar Network  Sandeep Take  https://twitter.com/sandeepnailwal/status/1701990949319254345  23:00 1.2 - Canto https://twitter.com/CantoPublic/status/1703809950290718871  24:00 1.3 - Eclipse  https://twitter.com/EclipseFND/status/1704178668543824309  27:35 Ryan Take https://twitter.com/RyanSAdams/status/1703882356468117703  28:40 Mert Take https://x.com/0xMert_/status/1704229795079365101  30:00 Frankie Take https://twitter.com/frankieislost/status/1704262750405587248 

37:58 SEC is coming after the Stoner Cats - Gary. V. Cats https://www.sec.gov/news/press-release/2023-178 https://x.com/MikeSeligEsq/status/1701978172487606665  https://twitter.com/loopifyyy/status/1701966597445874124  44:00 Hester Pierce Dissented! - Chief Disenting Officer https://twitter.com/NFTherder/status/1702057933389836293  46:25 SEC warns more charges coming to exchanges and DeFi  https://www.coindesk.com/policy/2023/09/19/us-secs-crypto-enforcement-chief-warns-more-charges-coming-to-exchanges-defi/

49:13 New Airdrop! Optimism also announced OP Airdrop #3 https://twitter.com/optimismFND/status/1703837786703335672  50:10 POL Token is coming! MATIC becoming POL. Polygon 2.0 implementation kicked off!  51:00 https://twitter.com/0xPolygonLabs/status/1702280764677578755  1st PIPs: MATIC to POL and launch of Polygon’s new staking layer!  https://polygon.technology/blog/polygon-2-0-implementation-officially-begins-the-first-set-of-pips-polygon-improvement-proposals-released  51:25 Arbitrum is restarting Odyssey  https://twitter.com/arbitrum/status/1704173003825615353  52:10 Conduit opening Support for Arbitrum:  https://x.com/KAndrewHuang/status/1704848429883732256 

53:18 Coinbase earned 570 ETH of MEV as a result of Curve hack. Should they return it? https://www.coindesk.com/tech/2023/09/15/coinbase-inadvertently-earned-1m-due-to-hack-but-hasnt-reimbursed-victims/? 

57:10 Is Ethereum finally getting a privacy L2? Maybe soon? https://twitter.com/aztecnetwork/status/1704433376525242474 

58:25 Infura in its progressive decentralization era https://blog.infura.io/post/progressive-decentralization-of-the-rpc-layer-centralization-to-federation? 

59:10 FTX sues SBF’s parents - eating their own aims to claw back some of the $26 million in gifts and property https://storage.courtlistener.com/recap/gov.uscourts.deb.188450/gov.uscourts.deb.188450.2642.0.pdf  https://www.cnbc.com/2023/09/19/sbfs-parents-sued-by-ftx-for-millions-of-dollars-in-misappropriated-funds.html 

1:00:30 Mark Cuban lost $870,000 in a wallet hack - everyone’s getting hacked https://twitter.com/WazzCrypto/status/1702820716343624168 

1:03:38 New ETH ETFs  https://twitter.com/JSeyff/status/1701612412456280467  1:03:45 Grayscale ETH Futures ETF https://cointelegraph.com/news/grayscale-files-for-new-ethereum-futures-etf 

1:06:25 Questions From The Nation

1:15:30 Takes https://x.com/matthuang/status/1704608186723119329  https://www.paradigm.xyz/2023/09/casino-on-mars  Where do you store your wealth?  https://x.com/TrustlessState/status/1703986421378245024 

1:19:50 What Are We Bullish On https://www.bankless.com/choose-your-bull-market-character-class 

1:24:55 Meme of the Week   1:26:15 Risks and Disclosures

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

Solana on Ethereum? Solana has a virtual machine called the SVM. Proponents say it’s much better than the Ethereum EVM…multi-threaded execution…now it’s coming to Ethereum in the form of an L2. 

Today on the show, we brought on CEO & Co-Founder of Eclipse, Neel Somani. Eclipse is not only a new L2 on the scene, it’s also an L2 framework, kind of like the OP Stack. It’s a superchain contender. 

This poses some very interesting questions….who wins? Does this kill Solana? 

------ 🎁 Check your wallet with our brand new tool: Claimables  https://bankless.cc/GetClaimables 

------ 📣 AAVE V3 is Here! http://app.aave.com/ 

------ 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   ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠

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

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

----- TIMESTAMPS

0:00 Intro 7:10 Motivations For Eclipse 10:50 Why is the SVM Great? 16:00 How Fee Markets Work?  19:20 Ethereum & Eclipse Pairing 20:25 What Kind of L2 is Eclipse?  23:25 Celestia For Data Availability?  25:30 Security Trade-Offs?  27:30 Transactions on Eclipse 28:00 Economics on Data Availability  33:50 RISC Zero & Eclipse  36:10 Modular Thesis  41:00 Eclipses's Superchain? 44:35 Eclipse Today? 45:20 Winners vs. Losers  46:40 Eclipse vs. Solana  49:00 Bad for $SOL?  52:45 Eclipse Team 53:45 Solana as an L2 55:00 Eclipse Token? 55:45 Future Ecosystems 57:05 Naming This New Tech  58:50 Roadmap 1:00:30 Neel's Bio 1:01:50 Closing & Disclaimers

----- RESOURCES

Neel Somani https://twitter.com/neelsalami 

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

Vitalik live from Permissionless! On this Episode we discuss what's next for Ethereum. What type of use cases can we create because of the unique properties of crypto? What would Vitalik's new startup be? And we explore what it will look like to successfully navigate the next bull market.

This episode was filmed at permissionless. For the full episode in video form, check out the recording here: https://blockworks.co/event/permissionless-2023/livestreams?room=37736 

------ 🎁 Check your wallet with our brand new tool: Claimables  https://bankless.cc/GetClaimables 

------ 📣 AAVE V3 is Here! http://app.aave.com/ 

------ 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  ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠

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

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

----- TIMESTAMPS

0:00 Intro

6:12 Improving Existing Things vs Building New

16:55 Has Vitaliks Expectation of Ethereum Changed?

30:44 Where Would Vitalik Start a Startup

36:27 What Fear is Being Missed?

47:20 Navigating the Next Bull Market

----- RESOURCES

Vitalik:

https://twitter.com/VitalikButerin 

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

Dom, aka Domothy, is a researcher at the Ethereum Foundation who is working on the research and development of some key Ethereum protocol upgrades like EIP4844, danksharding, and MEV Burn. We last had Dom on Bankless about that last one, MEV Burn, and this time we’re bringing him around to fully understand an incoming new property of Ethereum that EIP4844 is going to introduce… a new resource market… called BLOBspace…  kind of like Blockspace… but for Blobs!

What are blobs? What is Blobspace? How is it different from blockspace and blockspace markets? What will it do for Ethereum and its rollups? These are the questions we explore with Dom today. 

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

You know how we say blockchains sell blocks? Well, soon Ethereum’s going to be selling more than just blocks. It’s going to be selling blobs too. 

We’re just a few months out from the biggest Ethereum release since the merge and no one’s fully mapped out the implications. But it’s going to be huge. 

- Ethereum’s getting a new product to sell… it’s called Blobspace - The cost of transacting on L2s is about to drop toward zero… - The economics of ETH gas and the burn are about to change forever…

Blobspace, EIP4844, proto-danksharding…that’s what the geeks call this new ETH feature upgrade. 

This is everything you need to know about Blobspace with Ethereum Researcher Domothy in this absolute banger of an episode. 

------ 🎁 Check your wallet with our brand new tool: Claimables  https://bankless.cc/GetClaimables 

------ 📣 AAVE V3 is Here! http://app.aave.com/ 

------ 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  ⁠

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⁠

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

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

----- TIMESTAMPS

0:00 Intro 7:20 Why We’re Doing This Episode 8:45 Blobspace  9:40 History of Blobspace  11:30 Sharding & Dead Ends  14:00 Execution Sharding  16:50 Layers of a Blockchain 21:00 Ethereum Rollups  22:50 Vitalik’s Thought Process  26:10 Ethereum Development Hidden Genius 30:00 Current State of Ethereum  34:00 What is a Blob? 39:25 Blobspace Explained  44:20 Validator’s Perspective  47:00 Data Availability vs. Storage  56:31 User’s Perspective  1:00:30 How a Blob Becomes a Blob 1:04:00 Properties of Full Danksharding  1:05:20 New Math & Tech Behind Blobs?  1:12:00 L2 Blobspace & Scaling Factors  1:15:40 Blobspace Economics  1:20:00 Block vs. Blobspace Balancing  1:23:20 L2s Competing For Blobspace  1:32:10 Ethereum Subsidiaries   1:39:00 What’s Next? 1:41:30 Closing & Disclaimers

----- RESOURCES

Domothy  https://twitter.com/domothy  

Domothy article on Blobspace https://domothy.com/blobspace/ 

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