Bankless

1st Week of December 2022

------ 📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK https://bankless.cc/Opolis 

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------ BANKLESS SPONSOR TOOLS: 

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

❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

💠 NEXO | CRYPTO FINANCIAL HUB https://bankless.cc/Nexo 

🔐 LEDGER | NANO HARDWARE WALLETS https://bankless.cc/Ledger 

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/Fuelpod 

------ Topics Covered:

0:00 Intro

5:00 MARKETS

7:15 Bottom Signals BTC Miners - https://twitter.com/JMellerud/status/1597982600026812417  BTC Selling - https://twitter.com/WClementeIII/status/1597335293669281794  10:04 DCG is Fine https://twitter.com/twobitidiot/status/1598020947558424577  11:30 Everything Has Broken https://twitter.com/PhilJBonello/status/1598030847197999104 

14:50 Layer 2 Fundamentals Gas - https://twitter.com/mhonkasalo/status/1595184793687392258  Arbitrum - https://twitter.com/alpha_pls/status/1596555331022327808  Hop - https://twitter.com/HopProtocol/status/1598135808841904129  GMX - https://twitter.com/Delphi_Digital/status/1597638205469523969 

17:40 Multicoin https://twitter.com/TrustlessState/status/1589661220168425473 

25:00 SBF Interviews Puff Piece - https://twitter.com/iamDCinvestor/status/1598101062623584257  Dealbook - https://twitter.com/The_Real_Fly/status/1598094222829457409  Sorry - https://twitter.com/greg_price11/status/1598076288371417090  Lawyers - https://twitter.com/AutismCapital/status/1598081996659445761 

38:00 Good Morning America - https://twitter.com/ColdBloodShill/status/1598304365239943168  44:55 Reactions Bill Ackman - https://twitter.com/BillAckman/status/1598086237969338368  Novo - https://twitter.com/SquawkCNBC/status/1598306172792078337  Nic Carter - https://twitter.com/nic__carter/status/1598325930476331008  Balaji - https://twitter.com/balajis/status/1598269526189088771  Bloomberg - https://twitter.com/business/status/1597994892894117888 

48:52 BlockFi Chapter 11 https://www.businesswire.com/news/home/20221128005451/en/  Explainer - https://twitter.com/ayko2718/status/1597432454070956032 

55:10 MetaMask Privacy Policy https://thedefiant.io/consensys-metamask-privacy-policy  Lubin Statement - https://twitter.com/ethereumjoseph/status/1596198718339948552  57:30 This is the Meta https://twitter.com/danfinlay/status/1596205416089718790 

1:01:10 Bankless Acquires Earnifi https://newsletter.banklesshq.com/publish/post/84722084 

1:07:00 Ethereum Infrastructure Casa - https://twitter.com/CasaHODL/status/1597954403994021888  Phantom Wallet - https://twitter.com/phantom/status/1597597365774749697  Trader Joe - https://twitter.com/traderjoe_xyz/status/1598331093559681025 

1:09:25 Ethereum Censorship https://twitter.com/hasufl/status/1598197501064249344  1:11:00 Aave Pausing Markets https://app.aave.com/governance/proposal/?proposalId=121  1:12:00 Bankless Collectibles https://market.bankless.com/ 1:13:15 Cockpunch https://twitter.com/cockpunch/status/1597691791842893824  1:13:45 OpenSea Royalties https://www.theblock.co/post/190900/opensea-nft-creators-earned-1-billion-royalties  1:14:40 Telegram Wallets https://twitter.com/ton_blockchain/status/1585675010970107905  1:16:18 Fidelity Trading Accounts https://www.kitco.com/news/2022-11-29/Fidelity-Crypto-is-a-go-4-5-trillion-firm-launches-retail-crypto-trading.html  1:17:24 Proof of Reserves https://twitter.com/binance/status/1596115656059109377  1:18:28 Binance Recovery Fund https://decrypt.co/115485/binance-eyes-1-billion-raise-crypto-recovery-fund-could-buy-ftx-assets  1:19:10 Kraken Layoffs https://twitter.com/BradyDale/status/1597990850096926720  1:19:38 Uniswap NFT Aggregator https://twitter.com/Uniswap/status/1597953698449494022  1:20:40 Stripe Onramp https://twitter.com/stripe/status/1598361957836279809  1:21:13 Ledger Debit Card https://blockworks.co/news/ledger-rolls-out-crypto-life-debit-card-across-uk-and-europe 

1:21:48 Jobs https://pallet.xyz/list/bankless/jobs 

1:24:00 Questions from the Nation https://twitter.com/TIME3dash/status/1598350634058600455  1:26:05 Spotify Wrapped https://twitter.com/banklesshq/status/1598066954878980096  1:27:20 The Bankless GOAT  https://twitter.com/thefakeshippy/status/1598064038243880961  1:28:40 Bear Market Opportunities https://twitter.com/Zeneca_33/status/1596218000205844481  1:29:42 Governance Rights https://twitter.com/VitalikButerin/status/1597570120456769536  1:32:00 Ashes to Ashes https://twitter.com/pythianism/status/1598059988290654208 

1:32:50 What David’s Bullish On 1:35:00 What Ryan’s Bullish On

1:37:40 MEME of the Week https://twitter.com/amasad/status/1595879076136333312 

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

We brought on our first United States senator, Sen. Toomey. He's a senator from Pennsylvania, a ranking member of the Senate Banking, Housing, and Urban Affairs committees. He's also crypto-friendly.

Hear how Capitol Hill is digesting the FTX collapse, what America's crypto competition looks like currently, and what it might look like if we still have no regulatory clarity. And finally, what you can do to impact our government's view on crypto. ------ Infura | Join the New Decentralized Infrastructure Network www.bankless.cc/infura 

------ SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/?utm_source=banklessshowsyt  ️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

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

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

📡 TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi 

👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence 

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel 

----- Timestamps:

0:00 The Big Picture 3:40 America's Competitors 6:10 The FTX Collapse 8:50 Crypto Sentiment in Congress 13:00 We Want Reasonable Regulation 16:53 Lack of Clarity 22:15 Fallout from Contagion 24:25 Hope for Solutions 27:48 Preventing Sloppy Legislation 31:06 Cautious Optimism

----- Resources:

Sen. Pat Toomey https://twitter.com/SenToomey 

----- 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 I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

It's day 20 and SBF still isn't in jail. What gives? Ryan and David give their thoughts on why that may be and how this all might play out.

Also, stay tuned toward the end of the show for a special guest appearance from our boots-on-the-ground Bahamas correspondent to give their take from the belly of the beast.

------ Infura | Join the New Decentralized Infrastructure Network www.bankless.cc/infura 

------ SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/?utm_source=banklessshowsyt  ️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

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

DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso 

BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi 

SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence 

️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel 

------ Timestamps:

0:00 Intro 5:44 SBF to Prison? https://fortune.com/crypto/2022/11/13/could-sam-bankman-fried-go-to-prison-for-the-ftx-disaster/  9:00 Criminal Misconduct https://twitter.com/RBPFPolice/status/1591864528291221504  10:25 1M Creditors https://www.cnbc.com/2022/11/15/ftx-says-could-have-over-1-million-creditors-in-new-bankruptcy-filing.html  14:21 Alameda Backend https://www.cnbc.com/2022/11/13/sam-bankman-frieds-alameda-quietly-used-ftx-customer-funds-without-raising-alarm-bells-say-sources.html  16:30 SBF Backdoor https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/  17:28 Buying Properties https://www.reuters.com/technology/exclusive-bankman-frieds-ftx-parents-bought-bahamas-property-worth-121-mln-2022-11-22/  18:35 $1B Personal Loan https://www.bloomberg.com/news/articles/2022-11-17/ftx-s-bankman-fried-received-1-billion-loan-from-alameda  19:08 Cashing Out $300M https://www.coindesk.com/business/2022/11/18/sam-bankman-fried-cashed-out-300m-in-previous-funding-round-wsj/  21:40 NYT Puff Piece https://twitter.com/nytimes/status/1592296341346320384  https://twitter.com/TrungTPhan/status/1592349684471037955  24:15 Liz Hoffman of WSJ https://twitter.com/lizrhoffman/status/1595184595409969153  25:30 Alameda CEO https://twitter.com/Forbes/status/1593615727512227840  26:14 Pandemic Prevention https://www.washingtonpost.com/health/2022/11/16/sam-bankman-fried-ftx-pandemic-prevention/  27:42 NYT Conference https://www.news.com.au/finance/money/investing/sam-bankmanfried-to-appear-at-new-york-times-conference-despite-ftx-bankruptcy/news-story/2e02d2fd6e584cc5b3148d0f6ba14a2f  https://twitter.com/andrewrsorkin/status/1595517635441090565  https://twitter.com/WSBChairman/status/1595512773177446412  https://twitter.com/MattWalshInBos/status/1596130827733188608  https://twitter.com/elonmusk/status/1595591868275826688  33:50 Grants to Media https://twitter.com/teddyschleifer/status/1591191408589017088  https://www.coinage.media/  https://www.youtube.com/watch?v=5g9ycHS0xtU  https://techcrunch.com/2022/07/27/ftx-ceo-leads-trustless-medias-seed-round-to-help-build-community-owned-web3-shows/  41:00 Balaji Thread https://twitter.com/balajis/status/1592661466012061696  50:45 Political Donations https://freebeacon.com/biden-administration/beleaguered-crypto-billionaire-was-hobnobbing-at-white-house-just-six-months-ago/  https://www.livemint.com/market/cryptocurrency/sam-bankman-fried-ftx-team-among-top-political-donors-before-bankruptcy-11669031663161.html  https://twitter.com/dankeeler/status/1519780887893790724  https://www.bloomberg.com/news/articles/2022-11-25/ftx-mcconnell-bankman-fried-super-pac-donation  https://www.nytimes.com/2022/11/22/business/ftx-sam-bankman-fried-influence.html  51:47 Returning Money https://www.texastribune.org/2022/11/29/beto-orourke-sam-bankman-fried-ftx/  52:40 ON THE GROUND BAHAMAS CORRESPONDENT 55:25 Psychology Autopsy https://www.nytimes.com/2022/11/15/technology/ftx-sam-bankman-fried-psychiatrist.html  1:05:45 Why Isn't Sam Bankman-Fried in Jail? 1:14:30 Closing & Disclaimers

----- 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 I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

✨ DEBRIEF | Unpacking the Episode: https://shows.banklesshq.com/p/debrief-tim-ferriss 

------

Tim Ferriss is a 5-time NYT best-selling author, an award-winning podcaster with over 900 million downloads, and a prolific angel investor. After nearly a year of work, he has finally begun to start talking about his secretive NFT drop.

What’s it about? Why’s he spending this next chapter of his life on NFTs? What alpha did he decide to drop on Bankless?

Also, Tim—like some of us, unfortunately—had money in FTX. We ask him about that and his advice for dealing with these tumultuous times.

------ 📣 Infura | Join the New Decentralized Infrastructure Network www.bankless.cc/infura 

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/?utm_source=banklessshowsyt  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

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

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

📡 TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi 

👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence 

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel 

------ Timestamps:

0:00 Intro 7:20 Tim a Crypto Guy? 18:00 Tim’s Crypto Trepidations 26:32 What’s in Tim’s Control? 30:20 NFTs & Creative Expression 36:13 Evaluating NFTs 42:30 Tim’s Team 47:10 Tim’s NFT Origins 51:40 Why Tim’s Excited & World Building 1:03:13 Cockpunch 1:22:03 Cockpunch Utility 1:24:40 Supporting Science 1:30:26 Cockpunch Mint Details 1:41:43 Strategizing Cockpunch Community 1:49:46 Storytelling via a New Medium 1:53:00 Next Steps 1:54:10 Tim’s Advice on FTX Closing & Disclaimers

------ Resources:

Trickster makes this world https://www.goodreads.com/en/book/show/56450.Trickster_Makes_This_World 

Tim Ferriss https://twitter.com/tferriss 

Cockpunch www.cockpunch.com 

Saisei Foundation https://saiseifoundation.org/ 

Fear Setting https://tim.blog/2017/05/15/fear-setting/ 

The TAO of Seneca https://tim.blog/2017/07/06/tao-of-seneca/ 

----- 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 I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Thanksgiving 2022

------ 📣 Infura | Join the New Decentralized Infrastructure Network www.bankless.cc/infura

------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/?utm_source=banklessshowsyt 🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/  

------ BANKLESS SPONSOR TOOLS: 

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

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave

📡 TRUEFI | CRYPTO FINANCIAL HUB  https://bankless.cc/TrueFi 

👾 SEQUENCE | ALL-IN-ONE PLATFORM  https://bankless.cc/Sequence

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel

------ 0:00 Intro

4:45 MARKETS 8:30 Down From ATH https://messari.io/screener 12:55 Calling the Bottom Cobie - https://twitter.com/cobie/status/1594635144207699969 14:10 Going Bankless https://www.coingecko.com/research/publications/exchange-withdrawal-ftx-collapse 15:10 Uniswap Polygon ATH https://twitter.com/sandeepnailwal/status/1594147481709080576 16:15 Profitable Ethereum https://twitter.com/tokenterminal/status/1594818145402978304 20:20 Black Friday https://newsletter.banklesshq.com/p/0d234f3f-792b-4d65-ab51-2841b16bbb14

25:00 Will Genesis Fail? Barry’s Tweet - https://twitter.com/BarrySilbert/status/1408191462324441092 7 Million - https://twitter.com/GenesisTrading/status/1590391027214725120 FTX Exposure - https://twitter.com/GenesisTrading/status/1590836594382032896 Genesis Loan - https://twitter.com/AP_ArchPublic/status/1594386225200234496 Timeline - https://twitter.com/CryptoCred/status/1594818326282534912  Emergency - https://twitter.com/fintechfrank/status/1594820487582023680  Letter - https://twitter.com/tier10k/status/1595140018871631873  Summary - https://twitter.com/TradFiWhale/status/1595235835431075842 

34:25 Genesis Summary https://twitter.com/TradFiWhale/status/1595235835431075842  41:05 Gemini Earn Update https://decrypt.co/115270/gemini-still-working-genesis-digital-currency-group-unlock-user-withdrawals  42:05 SEC Role https://twitter.com/mikebelshe/status/1594368875482607617  45:45 Grayscale Revenue https://twitter.com/fintechfrank/status/1595205526127771648 

49:20 FTX Update SBF Letter - https://twitter.com/lizrhoffman/status/1595183732989779970  Contagion - https://research-assets.cbinsights.com/2022/11/17113850/FTX-Infographic-1117_2022-1.png 

54:00 FTX Hacker On The Move - https://www.coindesk.com/tech/2022/11/20/ftx-exploiter-converts-millions-in-ether-to-alameda-linked-ren-bitcoin-tokens/  RenBTC - https://twitter.com/lawmaster/status/1594730133591662598  58:40 SEC Scrutiny https://www.theblock.co/post/189351/sec-facing-rising-scrutiny-after-ftxs-epic-implosion 

1:00:00 Mango Attack Statement - https://twitter.com/avi_eisen/status/1581326197241180160  Returned - https://twitter.com/mangomarkets/status/1581351549644591104  Aave - https://twitter.com/AaveAave/status/1595168980993556480  Curve Stable - https://twitter.com/0xAlunara/status/1595056270683377664  Gauntlet - https://twitter.com/gauntletnetwork/status/1595174743891709953 

1:09:30 Staking Withdrawals https://twitter.com/vdWijden/status/1595386746786779137  1:10:45 Flashbots Open Source - https://twitter.com/bertcmiller/status/1593668480951373827  Censorship - https://twitter.com/VitalikButerin/status/1595198944623165448  1:13:15 Polygon x Magic Eden https://twitter.com/0xpolygon/status/1595056828538564609  1:13:40 rETH in Maker https://twitter.com/MakerDAO/status/1594700128920682503  1:14:10 Arbitrum Decentralization https://twitter.com/bkiepuszewski/status/1594754717330309120  1:15:15 Bankless Collectible https://twitter.com/BanklessHQ/status/1595104542428839936  1:16:55 Alexey Prison https://www.theblock.co/post/189086/tornado-cash-developer-alexey-pertsev-to-be-detained-another-three-months-in-amsterdam  1:18:45 JPMorgan Trademark https://twitter.com/Blockworks_/status/1594676000000212992  1:19:20 OP Coinbase Withdrawals https://twitter.com/MSilb7/status/1595384920322482184  1:19:48 New York BTC https://www.cnbc.com/2022/11/23/new-york-governor-signs-law-cracking-down-on-bitcoin-mining.html  1:21:00 Across https://twitter.com/AcrossProtocol/status/1595466083913199616 

1:21:20 Jobs https://pallet.xyz/list/bankless/jobs 

1:24:00 Talking to Family https://newsletter.banklesshq.com/p/fcaac3a4-5905-47ab-a580-1af82f1255af 

TAKES 1:31:45 Genesis Chapter 11 https://twitter.com/RyanSAdams/status/1594820199806631936  1:33:10 8 Year Winter https://twitter.com/CryptoHayes/status/1594996079015116806  1:33:50 Bull Ponzi https://twitter.com/TrustlessState/status/1595170691917041664 

1:35:50 What David’s Thankful For 1:37:45 What Ryan’s Thankful For

1:41:50 MEME of the Week https://twitter.com/TheFutureisDAO1/status/1594680888767422465 

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

Is Genesis the next domino to fall in the 2022 Contagion? As one of the biggest lending desks in the industry, what does it mean for Genesis to be in danger?

In this episode, we dive into David's conspiracy theories about unravelling ponzi schemes and the death of the bull market. Has David figured it all out?

------ Infura | Join the New Decentralized Infrastructure Network www.bankless.cc/infura 

------  SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/?utm_source=banklessshowsyt  ️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS: 

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

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

📡 TRUEFI | CRYPTO FINANCIAL HUB  https://bankless.cc/TrueFi

👾 SEQUENCE | ALL-IN-ONE PLATFORM  https://bankless.cc/Sequence 

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel 

-----

0:00 Intro 4:30 Barry Silbert in 2021 7:00 The Pyramid 11:30 Who Made the Money? 16:15 The Yield Game 23:00 The Players 27:00 Arbitrage 35:45 Deploying 41:00 The Macro Picture 45:00 Terra Luna Crater 48:30 The Blow-off Top 54:00 The GBTC ETF 58:00 3AC Liquidated 1:02:00 Saviors FTX and Genesis 1:05:30 FTX Threatened 1:09:50 Greyscale vs SEC 1:13:00 SBF Crumbles 1:20:00 SEC's Role 1:25:20 The Genesis Domino 1:32:00 Is this it? 1:36:00 2021 Was a Scam 1:40:00 Hitting the Reset Button 1:44:00 Comparing Bear Markets 1:47:00 Looking Forward

----- Resources:

Barry Silbert Tweet https://twitter.com/BarrySilbert/status/1408191462324441092 

Bull Market Pyramid https://docs.google.com/drawings/d/1BoRcwjJx3yp1UG9G2eFMNEzKDG4ufThLI1_JR1wk2y4/edit?usp=sharing 

Who Made the Money? https://twitter.com/TrustlessState/status/1590483734650056706  https://twitter.com/bmcmillan888/status/1590516943211368449 

GBTC https://www.sec.gov/Archives/edgar/data/1588489/000110465921000026/tm2039668d1_sc13ga.htm  https://miro.medium.com/max/4800/1*Axga-kkSolJ1eG0VfdRE_A.webp 

Investing into AVAX https://www.theblock.co/post/117895/polychain-three-arrows-capital-lead-230-million-avalanche 

Solunavax https://twitter.com/zhusu/status/1471807725742931969 

Inflation https://www.cnbc.com/2022/02/10/january-2022-cpi-inflation-rises-7point5percent-over-the-past-year-even-more-than-expected.html 

----- 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 I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

✨ DEBRIEF | Unpacking the Episode: https://shows.banklesshq.com/p/debrief-leonard 

------ How is money created? Why? Whose job is it? We often discuss the Federal Reserve, and in this episode, we’re doing a deep dive into what the Fed is—its origins, its purpose, and ultimately, its concerning behavior.

What do we do about this institution? Something has to change, but what is the path forward?

Joining us to answer these questions is Christopher Leonard, investigative journalist and author of The Lords of Easy Money.  

------ 📣 Infura | Join the New Decentralized Infrastructure Network www.bankless.cc/infura 

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------ BANKLESS SPONSOR TOOLS: 

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

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

📡 TRUEFI | CRYPTO FINANCIAL HUB  https://bankless.cc/TrueFi 

👾 SEQUENCE | ALL-IN-ONE PLATFORM  https://bankless.cc/Sequence 

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel 

------ Timestamps:

0:00 Intro 5:30 Should We Be Worried? 8:35 This is Insane 15:30 Origins of the Fed 23:50 A Young Fed 30:40 From Gold to Fiat 35:50 A Tool of the State 43:25 Incentives and Structure 47:25 Against Ben Bernanke 55:20 Institutional Pressure 59:30 Jay Powell 1:05:20 Banking Pressure 1:12:30 Political Actors 1:16:30 The Terminal Point 1:20:40 What Comes Next? 1:24:00 What to do about the Fed 1:29:15 The Legacy of the Fed

------ Resources:

Christopher Leonard https://twitter.com/CLeonardNews?s=20&t=2hDVEsJqii7nFVkuwxDPvQ 

The Lords of Easy Money http://www.christopherleonard.biz/ 

----- 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 I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

In this episode, David is joined by John Light of Sovryn and Eric Wall, who moonlights David on the Bitcoin technical details throughout the interview.

The three go over the bull case for ZK-Rollups on Bitcoin. It’s undoubtedly the frontier.

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------ BANKLESS SPONSOR TOOLS:

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

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

📡 TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi 

👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence 

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel 

----- Topics Covered

0:00 Intro 5:10 John’s Background 8:24 How zkBTC Works? 11:00 Eric’s Interest 15:43 A Better Lightning Network? 21:33 Rollups on ETH vs. Lightning Network 25:50 Rollup Potential 29:24 Optimism 32:15 Expressivity 43:53 Limitless Bitcoin Applications 46:29 Layer 3 Protocols 50:25 What Needs to Happen 52:05 Forks & Flippening Effects 58:00 Proof Systems & Recursive Covenants 1:09:40 Next Steps 1:12:00 Research 1:14:12 Eric’s Thoughts on Bitcoin 1:16:50 Closing & Disclaimers

------ Resources:

John Light https://twitter.com/lightcoin 

Eric Wall https://twitter.com/ercwl 

Validity Rollups on Bitcoin https://bitcoinrollups.org/ 

----- 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 I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

3rd Week of November, 2022

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------ Bankless Sponsor Tools:

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

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

📡 TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi 

👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence 

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel 

----- Topics Covered

0:00 Intro

3:30 MARKETS 5:30 Bitcoin Miners https://twitter.com/caprioleio/status/1591024605640019968  7:30 Burniske Calls Bottom https://newsletter.banklesshq.com/p/5-reasons-this-could-be-the-crypto  13:30 CeFi Ded https://twitter.com/haydenzadams/status/1592188164218707969 

16:00 SBF https://twitter.com/SBF_FTX/status/1593014949487730688  23:20 Vox Interview https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy  27:45 Summary Thread https://twitter.com/GRDecter/status/1593272102047580161  31:05 Alameda Mentality https://twitter.com/PetrifyTCG/status/1591802968940199936  32:40 Company Slack https://twitter.com/AutismCapital/status/1592563378408796165 

34:40 New FTX CEO https://twitter.com/kadhim/status/1593222595390107649  36:30 It’s Bad https://twitter.com/Dogetoshi/status/1593233836867194880 

CONTAGION 38:20 Genesis https://twitter.com/genesistrading/status/1590836594382032896  39:00 Fallout https://twitter.com/DylanLeClair_/status/1592960066293927937  42:20 BlockFi https://twitter.com/BlockFi/status/1590875997351866368  43:30 FTX Bailout https://twitter.com/autismcapital/status/1591569275642589184  44:20 Other Fallout Galois - https://twitter.com/autismcapital/status/1591302842639593473  Multicoin - https://twitter.com/TheBlock__/status/1592169646568144897  Circle Yield - https://blockworks.co/news/gemini-circle-genesis-exposure/  45:45 Lazy DD https://twitter.com/fintechfrank/status/1591656860276457472 

LEGAL 47:10 Committee Hearing https://twitter.com/WatcherGuru/status/1592901815481249792  47:50 Lawsuit https://www.reuters.com/legal/ftx-founder-bankman-fried-sued-us-court-over-yield-bearing-crypto-accounts-2022-11-16/ 

REACTIONS 48:44 Proof of Reserves https://decrypt.co/114482/binance-be-guinea-pig-vitalik-buterins-proof-reserves-protocol-cz 

50:30 Mainstream Reporting SBF Donator - https://twitter.com/ryaneshea/status/1592403915718656000  Blaming CZ - https://twitter.com/ColdBloodShill/status/1591850165446791168 COVID - https://twitter.com/Crypto_McKenna/status/1593190965917126657 

55:30 Twitter Coverage https://twitter.com/brian_armstrong/status/1592689928038912000  Hsaka - https://twitter.com/HsakaTrades/status/1592947452478656512 

57:50 3AC Redemption Arc Kyle - https://twitter.com/KyleLDavies/status/1591704172600397824  Su - https://twitter.com/zhusu/status/1590189369834758144  Bali - https://twitter.com/SquawkCNBC/status/1592880370344919042 

1:02:00 StarkNet Token https://medium.com/starkware/starknet-token-is-deployed-on-ethereum-f27f0000b00c  1:03:15 USDC Apple Pay https://thedefiant.io/usdc-apple-pay  1:03:38 Solana Deprioritized https://www.theblock.co/post/187970/binance-halts-solana-usdc-usdt-deposits 

1:04:25 NFTs Yuga Beeple - https://www.theblock.co/post/187970/binance-halts-solana-usdc-usdt-deposits  Nike - https://www.coindesk.com/web3/2022/11/14/nike-sprints-into-web3-with-new-swoosh-platform/  Sony - https://www.ign.com/articles/sony-patent-for-nft-and-blockchain-technology-uncovered  1:05:55 Bankless Podcast Collectibles https://collectibles.bankless.com/ 

1:09:30 Cosmos ATOM 2.0 https://blockworks.co/news/no-with-veto-cosmos-community-rejects-atom-2-0-white-paper  1:10:06 CBDC Trial https://thedefiant.io/as-skeptics-dance-on-cryptos-grave-the-fed-and-big-banks-launch-digital-ledger-project 

1:10:30 Releases DeFiLlama - https://defillama.com/aggregator 

Permissionless - https://newsletter.banklesshq.com/p/discount-to-permissionless-2022 

1:13:00 Matter Labs https://thedefiant.io/layer-2s-defy-market-angst-as-matter-labs-raises-200m  1:13:37 CZ Investing https://twitter.com/cz_binance/status/1592894516457279488 

1:14:00 Jobs https://pallet.xyz/list/bankless/jobs 

TAKES 1:16:00 The Only Path https://twitter.com/jchervinsky/status/1591236973347627010  1:17:30 Stay Vigilant https://twitter.com/ErikVoorhees/status/1591151576680652800  1:18:50 Free Wizards https://twitter.com/cburniske/status/1591183041837559808 

1:20:05 What David’s Bullish On https://imgur.com/v8C9UnF  1:25:00 What Ryan’s Bullish On

1:26:50 MEME of the Week https://twitter.com/sassal0x/status/1590865451420389376 

Moment of Zen https://twitter.com/songadaymann/status/1592963492713492481 

——— Not financial advice. Do your own research. https://www.bankless.com/disclosures 

In order to rebuild we must first learn or relearn (for some of us) the painful lessons of crypto’s past. It’s going to take more than beating the, “not your keys, not your crypto” drum.

Jesse Powell, Co-Founder of Kraken Exchange joins us to demonstrate how we can come together as a community to rebuild the open and inspiring crypto industry of our dreams.

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------ BANKLESS SPONSOR TOOLS:

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

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

📡 TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi 

👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence 

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel 

----- Topics Covered

0:00 Intro 4:38 Jesse’s Crypto Background 7:34 Relearning Painful Lessons 11:48 How Did We Get Here? 20:09 Things We Have Control Over 31:21 Striking the Right Balance 36:35 Proof of Reserves 43:55 Rebuilding 48:39 Zooming Out 50:35 Closing & Disclaimers

------ Resources:

Jesse Powell https://twitter.com/jespow 

Proof of Reserves https://www.kraken.com/proof-of-reserves 

----- 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 I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures