Bankless

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

------ Demetri Kofinas is a digital entrepreneur and host of the Hidden Forces Podcast, one of our favorites. 

Demetri has a broad perspective on geopolitics, which we explore as we discuss the probability of a World War 3, diplomacy among superpowers, and surviving the rise of the machines.

Have we lost the ability to solve hard problems as a species? 

------ 📣 ConsenSys | Mint a Merge NFT!  https://bankless.cc/themerge  

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------ BANKLESS SPONSOR TOOLS: 

🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

⚖️ 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 

🌴 MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐 LEDGER | SECURE STAKING https://bankless.cc/Ledger  

------ Topics Covered:

0:00 Intro - Demetri Kofinas 6:30 Hidden Forces 10:26 Towards Chaos 18:00 Cyclical Powers 23:15 Taiwan Case Study 28:30 Trusting Institutions 31:23 State Sovereignty 37:50 Military Power & US Politics 45:00 Liminal Warfare 51:00 Why the Future Doesn’t Need Us 1:00:35 Chinese Algorithms 1:06:15 Unity, Diversity, Identity 1:12:05 Layer Zero Social Values 1:20:05 Losing Our Humanity 1:25:00 Cycling through Chaos 1:28:40 Improving Systems 1:37:30 Closing

------ Resources:

Demetri on Twitter https://twitter.com/kofinas?s=20&t=cNy4k855qT6O3xHtEC6xZw 

Hidden Forces https://hiddenforces.io/ 

Theories of War with David Kilcullen https://hiddenforces.io/podcasts/david-kilcullen-national-emergency/ 

Episode 28 - Industrial Society and its Future https://hiddenforces.io/podcasts/demetri-kofinas-industrial-society-and-its-future/ 

Why the Future Doesn’t Need Us https://www.wired.com/2000/04/joy-2/ 

Brave New World https://www.amazon.com/Brave-New-World-Aldous-Huxley/dp/0060850523 

The Fourth Turning https://www.amazon.com/Fourth-Turning-American-Prophecy-Rendezvous/dp/0767900464 

------ Hidden Forces Episodes:

Industrial Society and its Future https://hiddenforces.io/podcasts/demetri-kofinas-industrial-society-and-its-future/  Encryption and the Will to Power https://hiddenforces.io/podcasts/demetri-kofinas-industrial-society-and-its-future/  Surveillance Capitalism with Sohshana Zuboff https://hiddenforces.io/podcasts/surveillance-capitalism-shoshana-zuboff/  Complex Systems with David Weinberger https://hiddenforces.io/podcasts/david-weinberger-ai-prediction/  The Age of AI with Eric Schmidt & Dan Huttenlocher https://hiddenforces.io/podcasts/eric-schmidt-ai-human-future-national-security/  Predicting the Future with Tim O'Reilly https://hiddenforces.io/podcasts/tim-oreilly-predict-the-future/  Kill Chain with Chris Brose https://hiddenforces.io/podcasts/kill-chain-chris-brose-anduril-2/  American Defense with Elbridge Colby https://hiddenforces.io/podcasts/elbridge-colby-american-defense-age-of-great-power-conflict/  Preparing for Cyber Attacks with Chris Painter https://hiddenforces.io/podcasts/russian-cyber-attacks-chris-painter/ 

----- 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. 

Jordi Alexander returns to debate David Hoffman on whether or not next week's Ethereum Merge is bullish or bearish for ETH. The debate is moderated by none other than, Ryan Sean Adams.

Let us know if you're bullish or bearish in the comments or on Twitter: @banklesshq

------ 📣 ConsenSys | Mint a Merge NFT! https://bankless.cc/themerge 

📣 Converge 2022 | Register with code Bankless250 for $250 off https://bankless.cc/Circle 

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

------ BANKLESS SPONSOR TOOLS:

🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

⚖️ 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 

🌴 MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐 LEDGER | SECURE STAKING https://bankless.cc/Ledger 

------ Topics Covered:

0:00 Intro 3:03 David & Jordi's Luna Debate 10:07 Why the Merge is Overhyped? 16:50 Merge Bulls 21:05 Long ETH? 23:10 The ETH Narrative Play 32:05 Overestimating the ETH Yield 42:38 Blockspace Demand 1:02:05 Multichains 1:06:17 Ethereum's Gravitational Pull 1:09:57 Value Accrual 1:17:23 ETH Not Monetary Premium? 1:28:50 Price Range Predictions

------ Resources:

Jordi Alexander https://twitter.com/gametheorizing 

Jordi's Article https://newsletter.banklesshq.com/p/is-the-merge-overhyped 

David's Rebuttal to Jordi's Article https://newsletter.banklesshq.com/p/a-rebuttal-to-jordi-alexander-and 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures 

1st Week of Mergetember, 2022

------ 📣 ConsenSys | Mint a Merge NFT!  https://bankless.cc/themerge 

📣 Converge 2022 | Register with code Bankless250 for $250 off https://bankless.cc/Circle 

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

------ BANKLESS SPONSOR TOOLS: 

🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

⚖️ 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 

🌴 MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐 LEDGER | SECURE STAKING https://bankless.cc/Ledger  

----- Timestamps:

0:00 Intro 3:05 Merge NFTs https://bankless.cc/themerge  3:47 Converge 2022 https://bankless.cc/Circle 

4:55 MARKETS 6:30 Crypto Market Cap https://www.coingecko.com/en/global_charts  7:20 Ethereum Gas Fees https://dune.xyz/hildobby/Gas  9:16 Merge Estimator https://bordel.wtf/  10:00 Staking Unlocks https://twitter.com/TrustlessState/status/1565699759754592259  14:10 Ethereum Revenue https://www.theblock.co/post/167488/ethereum-miners-made-756-million-in-revenue-in-august-ahead-of-the-merge  15:10 EU Energy Crisis https://twitter.com/biancoresearch/thread/1566180431984205824  18:50 Energy Fallout https://www.euronews.com/next/2022/09/05/energy-bills-are-soaring-in-europe-what-are-countries-doing-to-help-you-pay-them  20:50 WAR! https://entrepreneurshandbook.co/for-the-war-fd5509d525d 

29:00 MERGE UPDATES 30:17 Bellatrix Upgrade https://twitter.com/terencechain/status/1567115533233049606  32:35 Node Updates https://twitter.com/ajsutton/status/1567117139810873344  33:20 Economist Article https://www.economist.com/finance-and-economics/2022/09/06/the-future-of-crypto-is-at-stake-in-ethereums-switch  34:05 ETH PoW Fork https://www.coingecko.com/en/coins/ethereum-pow-iou  37:35 Stake From Home https://twitter.com/songadaymann/status/1562930578571272192 

43:45 STABLECOIN WARS https://www.coindesk.com/business/2022/09/05/binance-to-convert-users-usdc-usdp-tusd-into-its-own-stablecoin-busd/  47:00 Good for USDC https://www.coindesk.com/layer2/2022/09/06/who-benefits-from-binance-converting-usdc-to-its-own-stablecoin/ 

50:05 Coinbase MakerDAO Proposal https://forum.makerdao.com/t/mipxx-coinbase-usdc-institutional-rewards/17703 

55:00 1inch Optimism Airdrop https://cointelegraph.com/news/1inch-users-on-optimism-to-receive-airdrop-of-300-000-op-tokens  56:45 Reddit NFTs on OpenSea https://thecouchcommute.com/reddit-nfts-selling-for-thousands-on-opensea/  57:15 ENS August Numbers https://twitter.com/ensdomains/status/1565374366791057409  59:37 ProtocolGuild NFTs  https://twitter.com/trent_vanepps/status/1567177788561424384  1:01:15 Coinbase Suing the Treasury https://twitter.com/ViktorBunin/status/1567875895381168132  1:03:44 Brian Armstrong Statement https://blog.coinbase.com/defending-privacy-in-crypto-e09db33dece8 

1:05:30 crvUSD Curve Stablecoin https://twitter.com/chago0x/status/1566874129843757056  1:06:00 Binance 6% ETH Staking https://blog.binance.us/eth-staking/  1:06:45 Notional Leverage Vaults https://blog.notional.finance/introducing-leveraged-vaults/  1:07:43 Sui Blockchain https://www.theblock.co/post/168532/mysten-labs-sui-blockchain-fundraise-ftx-ventures 

1:10:15 GET A JOB https://pallet.xyz/list/bankless/jobs 

1:12:00 QUESTIONS FROM THE NATION https://twitter.com/BanklessHQ/status/1567544177180672000  1:13:41 ETH PoW Eligibility https://twitter.com/johnny_kast/status/1567566362171654144  1:15:50 Value of ETH PoW https://twitter.com/mmaatt78/status/1567615122868166657  1:18:38 What Happens to Merged ETH? https://twitter.com/HenryJK4/status/1567550561758728192 

TAKES 1:20:20 Surreal Proof of Stake https://twitter.com/TimBeiko/status/1567197184667578368  1:21:35 Remember This? https://twitter.com/ryansadams/status/1565681268913840130  1:23:45 BSC Network Effect https://twitter.com/apolynya/status/1566262032319451136  1:25:27 Reserve Currencies https://twitter.com/ryansadams/status/1567310589881360385 

1:27:30 What David’s Bullish On https://twitter.com/TrustlessState/status/1567716721963814912  1:31:30 What Ryan’s Bullish On

1:34:45 MEME of the Week https://twitter.com/TrustlessState/status/1567903583563296772 

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

#ether  #ethereum  #crypto  #cryptonews  #btc  #bitcoin #ethpow 

✨ DEBRIEF ✨ | Find out why 1D = 1B: https://shows.banklesshq.com/p/debrief-arthur-hayes 

----- This episode has been a long time coming. Arthur Hayes is the crypto trader of traders, and he's particularly bullish on the ETH trade. 

Today, he tells us why.

We've been binging Arthur's writing lately, trying to get inside his head about how he approaches the markets. 

Discussing the inevitability of inflation, the chaotic macro picture, and of course the Ethereum Merge, we piece together the mindset of a trader who has survived the massacre of 2022.

Do you agree with Arthur? Let us know in the comments or on Twitter @banklesshq

------ 📣 ConsenSys | Mint a Merge NFT!  https://bankless.cc/themerge 

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

------ BANKLESS SPONSOR TOOLS: 

🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

⚖️ 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 

🌴 MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐 LEDGER | SECURE STAKING https://bankless.cc/Ledger  

------ Topics Covered:

0:00 Arthur Hayes 6:30 Arthur’s Prolific Writing 12:55 Why Arthur is a Trader 19:10 What’s Causing Inflation? 26:00 The Only Solution 30:11 Structural Inflation 38:09 The Macro Landscape  44:24 Why Crypto? 50:44 Denominate in Hydrocarbons 58:30 The Ethereum Merge 1:02:30 Is the Merge Priced In? 1:04:30 Crypto Markets 1:06:47 Target ETH Prices 1:08:20 What’s Different? 1:11:58 Making the ETH Trade 1:15:45 Merge vs Macro 1:18:26 DeFi and Arthur’s Conversion 1:22:15 The 2022 Retail Massacre 1:24:30 Surviving as a Trader 1:27:50 Arthur IRL

------ Resources:

Arthur on Twitter: https://twitter.com/CryptoHayes?s=20&t=fz4N1B7Ifa3OY-tD6l6jhw 

Arthur's Blog: https://cryptohayes.medium.com/ 

ETH-flexive: https://cryptohayes.medium.com/eth-flexive-7e1921123f64 

A Samurai, a Knight, and a Yankee: https://entrepreneurshandbook.co/a-samurai-a-knight-and-a-yankee-211bf975a31d 

----- 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. 

✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode: https://shows.banklesshq.com/p/debrief-crypto-wars-20 

As the dust settles with Tornado Cash’s sanctioning news and the arrest of Alexey Pertsev, the space is drawing parallels to the early days of crypto, Crypto Wars 1.0.

We brought on OG cypherpunk privacy developer and co-founder of Zcash, Zooko to talk about Crypto Wars 2.0.

Crypto privacy is being tested in new ways and Zooko couldn’t be in a better place to explain the current complexities. What’s the case for crypto privacy? Why is it such a tough problem to solve? Why is Zooko optimistic about the future of crypto privacy?

What are your thoughts on crypto privacy? Let us know in the comments or on Twitter @banklesshq

------ 📣 ConsenSys | Mint a Merge NFT! https://bankless.cc/themerge 

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

------ BANKLESS SPONSOR TOOLS:

🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

⚖️ 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 

🌴 MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐 LEDGER | SECURE STAKING https://bankless.cc/Ledger 

------ Topics Covered:

0:00 Intro 6:25 Zooko’s Background 8:30 The State of Crypto Privacy 13:26 A Privacy Enabled Society 18:34 The Case for Privacy 27:53 Why Privacy Equals Freedom 32:38 The Chilling Effect 35:26 Negative Externalities 38:28 Consent & A.I. 47:22 A.I. vs. Cryptography & Law 55:53 Crypto Wars 1.0 vs. 2.0 1:05:25 CDBC & The Clipper Chip 1:09:26 Why Isn’t Crypto Privacy Bigger 1:18:45 The Crypto Experiment 1:22:51 Solving the Privacy Problem 1:24:30 Privacy & DeFi 1:30:00 PoS & Roll-ups 1:42:50 Optimism on Crypto Privacy

------ Resources:

Zooko https://twitter.com/zooko 

Zcash https://z.cash/ 

----- 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. 

On today's episode, we welcome Marceau and Ken Smith, two Rocketpool community members to share everything you need to know about Rocketpool, staking, and the bull case for Rocketpool, ETH, & RPL.

------ ConsenSys | Mint a Merge NFT! https://bankless.cc/themerge 

------ SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  ️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

️ 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 

MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

LEDGER | SECURE STAKING https://bankless.cc/Ledger 

----- Timestamps:

0:00 Intro 4:40 Guest Relationship to Rocketpool 5:45 What is Rocketpool 7:36 Rocketpool's Value Prop 9:45 Two-sided Marketplace 13:20 Rocketpool's Community 16:20 The Bull Case for Rocketpool 19:50 rETH 25:20 rETH Yield 26:30 Protocol Risk 31:05 Rebasing 38:26 Running a Rocketpool Node 43:45 Rocketpool Critiques 51:48 Institutions 57:20 Single Node Operators 59:45 Pools 1:06:00 $RPL Explained 1:10:15 $RPL Critiques 1:16:00 $RPL Bull Case 1:24:40 Closing

----- Resources:

Marceau https://mobile.twitter.com/marceaueth 

Ken Smith https://mobile.twitter.com/shtimseht 

Rocketpool https://rocketpool.net/ 

----- 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. 

1st Week of Mergetember, 2022

------ 📣 ConsenSys | Mint a Merge NFT! https://bankless.cc/themerge 

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

------ BANKLESS SPONSOR TOOLS:

🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

⚖️ 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 

🌴 MAKER DAO | DECENTRALIZED LENDING https://bankless.cc/MakerDAO 

🔐 LEDGER | SECURE STAKING https://bankless.cc/Ledger 

----- Timestamps:

0:00 Intro

4:33 MARKETS 4:36 BTC Price 4:56 ETH Price 5:23 ETH/BTC 5:52 Total Crypto Market Cap 6:32 Merge Estimator 10:15 Fed Watch https://www.cnbc.com/2022/08/26/powell-warns-of-some-pain-ahead-as-fed-fights-to-lower-inflation.html  12:10 ETH Dives %10 After Powell Rate Hike Signal https://www.thedefiant.io/markets-dive-powell-speech 

15:33 Avalanche Playing Dirty? https://cryptoleaks.info/case-no-3  https://medium.com/@kyleroche/my-response-b691563c255b  24:00 Tweet from Emin https://twitter.com/el33th4xor/status/1564006450531377156  25:00 Maybe Not True? https://twitter.com/AriDavidPaul/status/1564253955785461767  26:44 David Take https://twitter.com/TrustlessState/status/1565340995062882311 

30:35 Saylor Getting Sued 31:40 Saylor Tax Fraud https://blockworks.co/michael-saylor-and-microstrategy-sued/  https://twitter.com/AGKarlRacine/status/1565031380471382019  https://twitter.com/tier10k/status/1565040637044465666 

34:37 Maker 34:40 Drama Summary https://threadreaderapp.com/thread/1564716178819653632.html 

43:05 NEWS 43:09 ETH 43:13 Coinbase Announces cbETH https://decrypt.co/108180/coinbase-announces-cbeth-wrapped-ethereum-staking-token  https://twitter.com/CoinbaseAssets/status/1562476695357358080  https://dune.com/Marcov/coinbase-wrapped-staked-eth  47:43 Abritrum One Upgraded to Nitro Stack https://twitter.com/arbitrum/status/1565041950142730245  48:48 Yesterday’s State of the Nation https://youtu.be/yYzQPRRAs6M  48:55 cOptimism Gas ATH https://twitter.com/MSilb7/status/1565131857464901633  49:55 Data Giant Shocks Ethereum with Ban on Mining https://www.thedefiant.io/data-giant-shocks-ethereum-with-ban-on-mining  54:04 Vitalik Book https://twitter.com/VitalikButerin/status/1564804705997361153 

55:10 NFTs 55:15 Facebook & Instagram Allow Posting NFTs https://twitter.com/Meta/status/1564282540831248387  56:00 cReddit Subtly Launches NFTs https://twitter.com/itstimconnors/status/1562839909261447168  59:09 Ticketmaster Integrates with DapperLabs’ Flow Blockchain  https://techcrunch.com/2022/08/31/ticketmaster-taps-the-flow-blockchain-to-let-event-organizers-issue-nfts-tied-to-tickets/amp/  59:55 Goose NFT to Bankruptcy Liquidation https://twitter.com/dmitricherniak/status/1563587242777448448 

1:01:06 Regulation FBI Issues Warning to Vulnerable DeFi Platforms https://decrypt.co/108542/fbi-issues-warning-over-vulnerable-defi-platforms  1:03:47 Crypto.com $10.5M Accident https://fortune.com/2022/08/31/crypto-com-accidentally-transferred-10-million-to-thevamanogari-manivel/ 

1:05:40 Releases 1:05:42 Orca Protocol Rebrand to Metropolis https://metropolis.mirror.xyz/ozkx0ZMwIzyahRJiQKpNv_8r7vAhOo-8tucjONhXJHI 

1:06:20 Raises 1:06:24 PROOF $50M from a16z & More https://a16zcrypto.com/investing-in-proof/  https://twitter.com/proof_xyz/status/1564689271755137024  1:07:28 Reddit’s Ohanian’s $177M Crypto Fund https://decrypt.co/108560/reddit-co-founder-eyes-177m-crypto-fund-invest-strong-founders-discount-report  1:08:16 Genesis Raise $500M https://cointelegraph.com/news/everything-s-on-sale-reddit-founder-galaxy-and-genesis-execs-raise-big-money 

1:08:50 Jobs https://pallet.xyz/list/bankless/jobs 

1:12:07 Questions from the Nation https://twitter.com/avi_g_/status/1565192839021363200  https://twitter.com/nextalphaa/status/1565011491304230912  https://twitter.com/HappyjoeNFT/status/1565031005475418114  https://twitter.com/teemu_lens/status/1565008572248899584 

1:21:55 TAKES 1:22:00 New take on the cycle https://twitter.com/gasull/status/1564888312157876229  1:23:33 99% of Crypto is a Joke https://twitter.com/RyanSAdams/status/1564257934011379713  1:25:12 Gravity Turns Off https://twitter.com/TrustlessState/status/1564637280379502593  1:27:17 Worlds Greatest Bitcoiner https://twitter.com/cobie/status/1565264636445745153 

1:30:14 What David’s Bullish On 1:31:23 What Ryan’s Bullish On

1:34:55 MEME of the Week https://twitter.com/hegemony_inc/status/1564357396784263170 

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

On today's episode, we welcome back Steven Goldfeder and Harry Kalodner for their second appearance on Bankless. Both times for huge Arbitrum launches!

Today, Abritrum is launching Arbitrum Nitro, a 7x improvement to Ethereum's capacity. Hear all about it, Abritrum's potential forthcoming token(?!), Abritrum Oddessey, and of course, so much more.

------ Chainlink | Register for SmartCon 2022 with promo code “BANKLESS” https://bankless.cc/smartcon 

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------ BANKLESS SPONSOR TOOLS:

LENS | ACCESS CODE: MINTME https://bankless.cc/Lens 

ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

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

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

JUNO | BRIDGE FIAT TO LAYER 2 https://bankless.cc/Juno 

️ ZKSYNC | THE LAYER 2 SCALING ENDGAME https://bankless.cc/zkSync 

----- Timestamps:

0:00 Intro 6:55 Abritrum Nitro Launch Day 10:40 Reflecting on Arbitrum's Last Year 14:57 Abritrum's Rollup 16:57 The Arbitrum Odyssey 26:55 The Secret Sauce Behind Nitro 30:39 Any Trade-Offs Made? 32:18 Scale Restraints 37:38 What's Next? 47:28 Arbitrum Nova 52:53 Fractals 54:55 What Reddit is Building on Arbitrum Nova 1:01:23 zkRollups 1:04:17 The Abritrum App Layer 1:07:11 Abritrum's Hypothetical Ticker 1:09:38 Other Tech Checkboxes 1:11:34 Closing & Disclaimers

----- Resources:

Harry Koladner https://twitter.com/hkalodner 

Steven Goldfeder https://twitter.com/sgoldfed 

Steven & Harry's First Appearance on Bankless https://youtu.be/W33LtejihY8 

----- 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://newsletter.banklesshq.com/p/bankless-disclosures 

Before coming to the U.S., Jiajung Zeng lived in China and worked as a Product Manager for TikTok’s parent company, ByteDance. Jiajung worked specifically on the content moderation team that was heavily censored by the Chinese government.

Jiajung tells the story of how content moderation actually works in China. He shares the hoops these Chinese tech companies must go through to even operate as a business. And towards the end of the conversation, Jiajung shares the overall sentiment of the people of China on content moderation and what they do about it. Ultimately the conversation converges on the topic of Ethereum, decentralization, and crypto writ large in China.

This is a special Layer Zero as it shows a side of China many of us don’t typically get a chance to experience and it highlights the importance of crypto fundamentals.

------ 📣 Chainlink | Register for SmartCon 2022 with promo code “BANKLESS” https://bankless.cc/smartcon 

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------ BANKLESS SPONSOR TOOLS:

🌱 LENS | ACCESS CODE: MINTME https://bankless.cc/Lens 

🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

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

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

🌉 JUNO | BRIDGE FIAT TO LAYER 2 https://bankless.cc/Juno 

⚡️ ZKSYNC | THE LAYER 2 SCALING ENDGAME https://bankless.cc/zkSync 

------ Topics Covered:

0:00 Intro 4:15 Jiajung Zeng’s Background 5:38 ByteDance Explained 8:30 ByteDance Content Moderation 11:11 Political Content Moderation 16:00 Moderation Resource Consumption 20:49 Consequences of Mistakes 22:47 Who is at Risk? 25:47 China’s Content Moderation Army 27:53 AI’s Role 31:35 Uyghurs & China 41:16 Dialect Suppression 43:53 Sentiment of the Chinese People 46:55 The Pushback 50:55 The Positives of China 53:54 Sentiment of the Future of China 57:32 Jiajung’s Ethereum Familiarity 59:47 ByteDance & Ethereum 1:01:52 Chinese People’s Thoughts on Crypto 1:03:11 China’s Crypto Scene 1:04:28 Jiajun’s Message to the Bankless Nation

------ Resources:

Jiajung Zeng https://twitter.com/zengjiajun_eth 

----- 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.

✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode: https://shows.banklesshq.com/p/debrief-ethereum-unsensored 

With Tornado Cash sanctioning news making waves, the crypto community is asking a big question: Is censorship on Ethereum possible?

We brought on Ethereum researcher Justin Drake to explore this question in detail.

Establishing and preserving censorship resistance is possibly the most important challenge faced by the Ethereum. Covering deep topics like weak vs strong censorship, user-activated soft forks, Justin takes us down what is perhaps our most important rabbit hole yet.

------ 📣 Chainlink | Register for SmartCon 2022 with promo code “BANKLESS” https://bankless.cc/smartcon 

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

------ BANKLESS SPONSOR TOOLS:

🌱 LENS | ACCESS CODE: MERGE (only valid for 24 hours!) https://bankless.cc/Lens 

🚀 ROCKET POOL | ETH STAKING https://bankless.cc/RocketPool 

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

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

🌉 JUNO | BRIDGE FIAT TO LAYER 2 https://bankless.cc/Juno 

⚡️ ZKSYNC | THE LAYER 2 SCALING ENDGAME https://bankless.cc/zkSync 

------ Topics Covered:

0:00 Intro 6:00 Justin Drake Returns 8:45 What is Censorship Resistance? 13:00 Censorship in Crypto 15:25 Weak vs Strong Censorship 21:25 Ethereum Today 26:35 The Ethereum Nation 31:12 Why This Matters 35:25 Preventing Weak Censorship 42:55 Light Clients 46:26 Proposers and Builders 52:50 Enforcing Transactions 59:24 The Mempool 1:03:45 The Weak Censorship Endgame 1:10:00 Preventing Strong Censorship 1:15:00 Diversity 1:20:00 Activist Staking 1:26:25 A Recovery Scenario 1:33:40 Social Fork 1:40:40 A Forking Deterrent 1:44:45 The Human Shield 1:50:45 Property Rights 2:01:00 The Strong Censorship Endgame 2:05:00 The Broader Context 2:10:56 Justin’s Confidence

------ Resources:

Justin Drake https://twitter.com/drakefjustin 

Flashbots Episode https://youtu.be/xex9WVmVfbg 

Justin Drake Episodes https://youtu.be/1m12zgJ42dI  https://youtu.be/dHpAC0m8Rkk  https://youtu.be/FQTZSb3Rc9I  https://youtu.be/bWqhn1hXvVc 

Solo Staking https://www.reddit.com/r/ethstaker/  https://rocketpool.net/ 

Crypto Lobby Groups https://gitcoin.co/coincenter  https://www.defieducationfund.org/  https://gitcoin.co/grants/3974/electronic-frontier-foundation 

----- 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.