Bankless

4th Week of August, 2022

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------ BANKLESS SPONSOR TOOLS: 

🌱 LENS | WEB3 SOCIAL PROTOCOL 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 1:53 UFO Sightings 5:20 Actual Intro

7:50 MARKETS 9:45 Total Market Cap https://www.coingecko.com/en/global_charts  11:15 Biden Debt Cancelation https://www.politico.com/news/2022/08/23/biden-student-loan-forgiveness-repayment-pause-00053299  13:30 Trolley Problem https://pbs.twimg.com/media/FbBIG1vXgAAniu5   17:50 Inflation Pain https://panteracapital.com/blockchain-letter/ethereum-tightening-more-than-fed/  20:10 Energy Markets https://twitter.com/Schuldensuehner/status/1562771407313915905 21:14 FTX Revenue https://www.cnbc.com/2022/08/20/ftx-grew-revenue-1000percent-during-the-crypto-craze-leaked-financials.html  22:15 Layer 2 NFTs https://twitter.com/blockworksres/status/1560292557975801856  23:40 Hardware Wallets Up https://decrypt.co/107877/crypto-winter-freezes-have-turned-investors-hardware-wallets 

Tornado Cash Fallout 26:30 Flashbots Blacklists Wallets https://thedefiant.io/flashbots-blacklists-wallets-tornado  30:20 FTX Froze Aztec Funds https://twitter.com/aztecnetwork/status/1560710567249096704   33:55 Uniswap UI Bans Wallets https://blockworks.co/wallets-banned-by-uniswap-labs-for-alleged-crimes  34:40 Alex Persev in Jail https://twitter.com/skywinder/status/1560655212741685248  36:30 Tom Emmer https://twitter.com/RepTomEmmer/status/1562084891247902721  37:15 Matthew Green https://twitter.com/ryansadams/status/1561887300887482368  37:45 Tether https://twitter.com/Tether_to/status/1562468486886346753  38:25 Layer Zero https://twitter.com/ercwl/status/1561180759146336256 

40:00 FEI Fallout https://thedefiant.io/fei-shutdown-uproar  41:45 The Proposal https://tribe.fei.money/t/tip-121-proposal-for-the-future-of-the-tribe-dao/4475 

47:15 BITBOY https://twitter.com/DegenSpartan/status/1559516281078190080  49:00 Suing Atozy https://twitter.com/atozy/thread/1562206338293309440  51:20 Community Support https://twitter.com/atozy/status/1562403410791567360  52:20 Drops the Suit https://twitter.com/AutismCapital/status/1562541877689126913 

56:40 NEWS 58:30 Merge Updates https://twitter.com/TimBeiko/status/1562418377582419968   1:00:20 Merge Dashboards https://twitter.com/duneanalytics/status/1562021273575751680   1:00:45 Overhyped Merge https://newsletter.banklesshq.com/p/is-the-merge-overhyped   1:11:15 Uniswap Open Source Development https://app.uniswap.org/#/vote/2/24?chain=mainnet  1:15:50 Nike vs Adidas https://twitter.com/Blockworks_/status/1561666150991335431  1:17:15 Pudgy Penguins https://decrypt.co/107974/pudgy-penguins-ethereum-nfts-pump-83-as-meta-nansen-execs-join-advisory-board  1:18:20 BendDAO Bank Run https://metaversal.banklesshq.com/p/the-benddao-bank-run-  1:21:54 Gary Gensler https://twitter.com/cobie/status/1561809080297177092  1:25:00 Coinbase ENS Integration https://twitter.com/financeguy74/status/1561872288399691777  1:28:35 Swell Launch https://blog.swellnetwork.io/mainnet-soft-launch-announcement/  1:29:06 Arbitrum Nitro https://twitter.com/arbitrum/status/1561812173793419265 

1:29:30 Jobs https://pallet.xyz/list/bankless/jobs  

1:31:00 Questions from the Nation https://twitter.com/BanklessHQ/status/1562470760824057857  1:32:00 Merge for Norms https://twitter.com/Yash_WeCan/status/1562472673795457029   1:35:25 More Merge Questions https://twitter.com/YoEdJoCo/status/1562472379313684480  1:36:20 Bullish Layer 2 https://twitter.com/_satyakikc/status/1562651521837600770 

TAKES 1:39:11 Unicorn Markets https://twitter.com/TrustlessState/status/1562559417857773568  1:40:00 Good Podcast https://twitter.com/TrustlessState/status/1562569160474824705  1:41:05 Eric Wall Poll https://twitter.com/ercwl/status/1562673861434703876 

1:43:25 What David’s Bullish On 1:45:05 What Ryan’s Bullish On

1:48:30 MEME of the Week https://twitter.com/NFTek2424/status/1562809727608066048 

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

#ethereum #eth #crypto #cryptonews #btc #bitcoin 

On today's State of the Nation, it's time to bring back the crypto legal mind of Jake Chervinsky. With the recent OFAC sanctions against Tornado Cash and the cascading chilling effect, our digital rights are under attack.

Have we seen the death of crypto privacy? What can we do to help advocate for digital justice? As always, Jake brings a thoughtful and measured approach to these crucial topics.

------  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: VITALIK 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 

----- Resources:

Jake Chervisnky: https://twitter.com/jchervinsky 

Set Alex Free: https://setalexfree.nl/ 

----- 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 

Stephane Gosselin is the Founder of Flashbots, an R&D organization that’s trying to fix the most pernicious problem in crypto—the problem of MEV (Maximum Extractable Value).

Many of us are massively optimistic about crypto and aren’t worried too much about its future. However, this MEV thing could be our achilles heel.

On this episode, we dive into what Stephane and his team are doing to make MEV less of a potential weak point, how MEV works, and what our industry would look like if Flashbots didn't exist. And of course—so much more.

This is another fundamental Bankless episode that you won’t want to miss.

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

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🌱 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 9:28 MEV Explained & Its Importance 13:35 The Evil Side of MEV 21:26 MEV Utopia vs. Dystopia 28:54 Competitiveness, Market Structure, Equilibrium 32:10 MEV Supply Chain Crashcourse 37:24 Timeline 38:56 Flashbots Thesis 42:31 No MEV Geth Scenario 45:15 Flashbots Continued 49:10 Solutions 51:15 MEV Boost 1:00:18 MEV Boost Adoption 1:05:10 Differences in Staking APY 1:08:20 Flashbots Incentives 1:12:57 Infinite Problems to be Solved? 1:14:35 PBS 1:17:54 Relayer Role 1:20:05 Weird MEV Potential Merge Issues? 1:22:40 Byproducts of MEV Boost 1:27:17 New Builder Market Speculation 1:31:15 Stephane’s Optimism 1:32:55 Closing & Disclaimer

------ Resources:

Stephane Gosselin https://twitter.com/thegostep 

MEV-Boost in a Nutshell https://boost.flashbots.net/ 

Flashbots Blog Posts https://writings.flashbots.net/writings 

Guide to Ethereum Roadmap https://newsletter.banklesshq.com/p/guide-to-the-ethereum-roadmap-jon#details 

Ethereum’s Hidden Power Structure https://newsletter.banklesshq.com/p/125-matt-cutler#details 

----- 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. 

3rd Week of August, 2022

------

📣 Chainlink | Register for SmartCon 2022 with promo code “BANKLESS”

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BANKLESS SPONSOR TOOLS: 

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https://bankless.cc/Lens 

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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

3:30 MARKETS

7:25 The Merge

https://twitter.com/RyanSAdams/status/1559150913834684418 

14:40 The S&P Price

https://twitter.com/CanteringClark/status/1559164367903637506 

16:10 Arthur Hayes Bullish

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

18:00 NEWS

19:00 Tornado Cash

https://twitter.com/RyanSAdams/status/1558044593937170433 

20:00 Arresting Developers!

https://www.fiod.nl/arrest-of-suspected-developer-of-tornado-cash/

22:12 Writing Code is a Crime?

https://twitter.com/jchervinsky/status/1559534385128415235 

24:35 Coin Center Legal Analysis

https://twitter.com/jerrybrito/status/1559171083105976321

27:06 Historic Money Laundering

https://twitter.com/avsa/status/1558076159102967810 

 

31:18 Tornado Cash Backlash

https://twitter.com/MicahZoltu/status/1558012733412753408 

33:32 DeFi Backbone

https://twitter.com/AntonioMJuliano/status/1558444605271597058 

36:12 Censorship Resistance

https://twitter.com/LefterisJP/status/1558944794658873344

36:47 Soft Fork Power

https://twitter.com/ercwl/status/1559265708411965440 

47:00 Eric Wall Takes

https://twitter.com/ercwl/thread/1559678652308144129

50:24 BTC Maxi Twitter

https://twitter.com/ercwl/status/1559265708411965440/retweets/with_comments

52:47 Press X to Slash

https://twitter.com/brad_eth/status/1559355035623903233 

56:00 Selkis Metal AF

https://twitter.com/twobitidiot/status/1558849512780734472 

58:00 Toxic Maximalism

https://twitter.com/ercwl/status/1559692710822481923 

59:22 Kevin O’Leary

https://www.tronweekly.com/tornado-cash-take-down-was-crucial-kevin-oleary/

1:01:00 What We Can Do

https://twitter.com/JWVerret/status/1559470517941329920 

1:03:07 Digital Bill of Rights

https://twitter.com/RyanSAdams/status/1558481645040197632 

1:04:52 Gitcoin September 7th

https://twitter.com/RyanSAdams/status/1559565929163390979 

1:06:07 Celsius Down $3 Billion

https://twitter.com/blockworks_/status/1559290989688274944 

1:06:37 Mashinsky Trading Strategy

https://t.co/IkjtzHp8zl

1:07:27 3ac New Yorker

https://nymag.com/intelligencer/article/three-arrows-capital-kyle-davies-su-zhu-crash.html

1:10:02 Genesis CEO Exits

https://www.bloomberg.com/news/articles/2022-08-17/genesis-ceo-steps-down-as-crypto-broker-slashes-its-workforce

 

1:12:30 The Exact Merge Time

https://twitter.com/vdWijden/status/1559232749210406917

1:14:20 Gnosis Safe Airdrop

https://twitter.com/OlimpioCrypto/thread/1560284884156956677

1:16:55 OpenSea Stolen NFT Policy

https://decrypt.co/107368/opensea-changes-stolen-nft-policy-following-user-outcry

1:19:05 Sudoswap Crushing It

https://thedefiant.io/sudoswap-nft-amm

1:19:30 BendDAO Liquidation Risk

https://twitter.com/cirrusnft/status/1559954449002401792 

1:22:12 Mailchimp Crypto Crackdown

https://decrypt.co/107099/intuit-owned-mailchimp-is-banning-crypto-content-creators

1:22:50 Taiwan IPFS

https://decrypt.co/107293/taiwan-turns-to-ipfs-tech-to-thwart-cyberattacks-from-china

1:25:25 SEC Suing Dragonchain

https://cointelegraph.com/news/2017-icos-aren-t-over-yet-sec-files-suit-against-dragonchain-and-its-founder

1:27:32 Canada Crackdown?

https://twitter.com/TrustlessState/status/1560048202446999552 

1:30:30 Inflation Reduction Act

https://www.cnbc.com/2022/08/12/house-to-vote-on-inflation-reduction-act-tax-and-climate-bill.html

1:32:10 Galleon Portfolios

https://blog.galleon.community/introducing-galleon-portfolios-narrative-based-indices-65c50be51c28

1:33:20 a16z $350m in Flow with Adam Neumann

https://twitter.com/andrewrsorkin/status/1559148342013296641 

1:35:30 Dragonfly Buys Metastable

https://www.coindesk.com/business/2022/08/15/crypto-venture-capital-firm-dragonfly-buys-hedge-fund-report/ 

1:36:00 Jobs

https://pallet.xyz/list/bankless/jobs

 

1:38:00 Questions from the Nation

https://twitter.com/BanklessHQ/status/1559934036352589825

1:38:45 Staking After the Merge

https://twitter.com/mrymz_2/status/1559944361395101696 

1:40:30 Post-Merge Narrative

https://twitter.com/p3te_eth/status/1559947163832139777 

1:42:00 TAKES

1:42:20 DYOR

https://twitter.com/oooitscrime/status/1558846681747177476

1:44:25 Thanks OFAC!

https://twitter.com/valkenburgh/status/1559544321489223682

1:46:15 What David’s Bullish On

1:47:04 What Ryan’s Bullish On

1:49:45 Meme of the Week

https://twitter.com/null_eth/status/1557795334775926784

-----

Not financial or tax advice. See our investment disclosures here:

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

Is the Merge Priced In? The Ethereum Proof-of-Stake Merge looms around the corner, but how do the markets feel about it?

Ryan Berckmans and Hal Press have a mutually bullish discussion about the Ethereum network today, tomorrow, and long-term. They're both bullish ETH, but differ on how it's going to play out.

This is our favorite kind of debate. 

------ 📣 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: VITALIK 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 7:00 Hal & Ryan Thesis 18:28 The Merge is Happening 23:30 A Crowded Trade 29:23 Risks and Catalysts 36:10 Structural Significance 41:40 Blockspace Demand 46:40 Real vs Nominal Return 50:30 Miners vs Validators 56:00 Proof of Stake Wins 59:00 Store of Value 1:09:45 The Flippening 1:18:00 Price Predictions

----- Resources:

Hal Press  https://twitter.com/NorthRockLP

Ryan Berckmans https://twitter.com/ryanberckmans

----- 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 

Hudson Jameson is an Ethereum enthusiast and core developer liaison with a rich background in blockchain projects. He’s played an active role in shaping various online communities for decentralized technology, including Ethereum and more recently, Zcash.

On today’s episode, Hudson shares his storied crypto journey starting in 2015 when he first became interested in Ethereum through the ups and downs he experienced as a part of Ethereum’s inner circle, all the way to what he’s up to today.

Hudson closes with some heartfelt advice on burnout and mental health in the crypto space that you don’t want to miss.

------ 📣 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 4:40 Hudson’s Background 6:54 2015 Crypto 9:00 Fork and Fair Launch Era 14:26 Early Tribalism 19:28 How Hudson Stumbled on Ethereum 23:43 Early Ethereum Culture 28:40 Progress Through the Chaos 33:12 How Vitalik Handled the Chaos 37:24 Why PoS Took So Long 38:45 When Bullish ETH Became Clear 41:34 Augur & ICOs 44:51 Hudson & Inner Circle in 2017 47:46 The DAO Hack 53:30 2018-2020 Bear Market 1:00:11 Core Devs Tug-a-War 1:08:00 The Ethereum Community 1:09:41 Hudson Steps Down From EF & Burnout Culture 1:14:35 Hudson’s Legacy So Far 1:17:05 Improving Crypto’s Culture 1:20:37 Privacy 1:21:45 Closing

------ Resources:

Hudson Jameson https://twitter.com/hudsonjameson  https://hudsonjameson.com/ 

----- 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. 

This conversation has been a long time coming. Polynya is a pseudonymous writer, investor, and crypto researcher. 

Polynya coined the term “modular blockchain” and has been influential on 100 different crypto topics, most notably on rollups, though they’re quick to point out that rollups are no longer their main focus. 

This is a unique episode, in which Bankless DAO’s Eureka John acts out Polynya’s voice based on a 5-hour text-based discord interview. Tune in as we explore Polynya’s fascinating mind, covering their broad crypto thesis, EIP-4844, and the future of Ethereum Scalability.

------ 📣 Forta | Help Make Web3 a Safer Place https://bankless.cc/Forta 

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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 9:00 Polynya the Anon 13:45 Polynya IRL 20:05 Cautious Optimism 25:35 Polynya’s Crypto Thesis 29:58 Accruing Value at the L1 31:54 Bitcoin vs Ethereum 33:30 Alt-L1s and Decentralization 35:10 Everything is Finance 38:10 Layer 2 Value Capture 41:33 Rollups vs ETH 45:30 Increasing L2 Demand 47:40 Layer 2 Tokens 52:45 A Symbiotic Relationship 56:08 Cosmos and Alt-L1s 58:45 App-Specific Chains 1:00:30 All Just Chains and Bridges 1:02:14 Why Cardano Rocks and Sucks 1:04:23 Cults and Tribalism 1:05:20 Changing Crypto 1:06:54 Changing the World 1:07:35 Polynya’s Message 1:08:30 Thank You Polynya

------ Resources:

Polynya on Twitter: https://twitter.com/apolynya?s=20&t=4Cws8vmOo7v2mRmI8mGyfw 

Polynya’s Writing: https://polynya.medium.com/ 

Modular Blockchains: https://newsletter.banklesshq.com/p/ultra-scalable-ethereum 

Eureka John: https://twitter.com/EurekaJohn1?s=20&t=ws5GNZKUSZtegsJQkvcuAg 

----- 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. 

2nd Week of August, 2022

------

📣 Forta | Help Make Web3 a Safer Place

https://bankless.cc/Forta 

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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

 

5:00 MARKETS

 

7:30 ETH BTC Ratio

https://ratiogang.com/

12:30 Gas Markets

https://twitter.com/TrustlessState/status/1555560926945939457?s=20&t=VcAg464--JOGiSzeNbyayA

15:45 CPI Interest

https://twitter.com/business/status/1557345174015066113

20:00 Layer 2 TVL

https://l2beat.com/

20:40 VC Money

https://twitter.com/fintechintern/status/1556444033555234816?s=21&t=XxUVGr0qz0svCx83Xdo7Rg

22:00 EIP-1559 Anniversary

https://twitter.com/takenstheorem/status/1555531313939087363?s=20&t=ptIP5_rsdZo0gUdYXg7U5A

 

26:30 NEWS

 

27:15 Goerli Testnet Merge

Announcement: https://twitter.com/BanklessHQ/status/1557544247619878913?s=20&t=-_fuRP3eW2MCE2WHkiWXyQ

Pandas! https://twitter.com/TimBeiko/status/1557543798523146240?s=20&t=-_fuRP3eW2MCE2WHkiWXyQ

Details: https://twitter.com/vdWijden/status/1557555377314701312?s=20&t=-_fuRP3eW2MCE2WHkiWXyQ

 

 

33:00 Tornado Cash Ban

Press Release: https://home.treasury.gov/news/press-releases/jy0916

37:10 Secretary Blinken

https://twitter.com/SecBlinken/status/1556661834287140868?s=20&t=4wDLBQG8U7PusK0R-3UCTQ

Full Story: https://youtu.be/lJZx8RyeJys

38:20 Freezing USDC

https://twitter.com/bantg/status/1556712790894706688?s=21&t=iEzJRHGq48PgLH0Id10pNw

39:40 Github Suspensions

https://twitter.com/semenov_roman_/status/1556717890308653059?s=20&t=-Um1R1tQa_4YPLFEAY9GGw

40:30 Summary Thread

https://twitter.com/SethHertlein/thread/1557442355678117889

44:05 MakerDAO Impact

https://thedefiant.io/tornado-impact-makerdao-dai

48:30 Normalizing Tyranny

https://twitter.com/RyanSAdams/status/1557121749334065154?s=20&t=uv3Ux69ZVUrVvYjhUE9Okw

 

55:30 Fake Solana DeFi?

https://www.coindesk.com/layer2/2022/08/04/master-of-anons-how-a-crypto-developer-faked-a-defi-ecosystem/

 

1:02:00 Coinbase BlackRock Partnership

https://blog.coinbase.com/coinbase-selected-by-blackrock-provide-aladdin-clients-access-to-crypto-trading-and-custody-via-b9e7144f313d

1:03:00 Arbitrum Nova

https://twitter.com/arbitrum/status/1557025237769805825

1:06:35 Uniswap Foundation

https://gov.uniswap.org/t/temperature-check-create-the-uniswap-foundation/17358

1:07:30 MakerDAO HVBank

https://twitter.com/SebVentures/status/1555234746539581444?s=20&t=rtTTlkxuLHK_73JuqFqrSA

1:09:05 Meta Instagram NFTs

https://www.theblock.co/post/161497/meta-expands-digital-collectables-support-on-instagram-to-100-more-countries-adopts-flow-blockchain

1:09:30 Voyager Bankruptcy

https://decrypt.co/106791/voyager-digital-approved-return-270-million-clients

1:10:10 Immutable Gamestop

https://twitter.com/Immutable/status/1556797772275208192

1:10:30 Vitalik Compression

https://twitter.com/VitalikButerin/status/1554983955182809088?s=20&t=CP_wmjSv-X4KGDtdVjhk6A

 

1:12:30 Jobs

https://pallet.xyz/list/bankless/jobs

 

1:16:00 Questions from the Nation

https://twitter.com/BanklessHQ/status/1557397382744006656?s=20&t=D9vf5Thb0BlBK7osdhdYyg

1:16:30 How to get the PoW fork?

https://twitter.com/accounthome11/status/1557469851270238212?s=20&t=-_fuRP3eW2MCE2WHkiWXyQ

1:18:35 Bridge Risk

https://twitter.com/avi_g_/status/1557406430977994752?s=20&t=-_fuRP3eW2MCE2WHkiWXyQ

1:22:00 Staking Wait Time

https://twitter.com/mmaatt78/status/1557471309554237440?s=20&t=-_fuRP3eW2MCE2WHkiWXyQ

 

1:22:30 TAKES

1:23:00 Pausing OP Incentives

https://twitter.com/apolynya/thread/1556848533596037120

1:24:10 NFT Roulette

https://twitter.com/ryananderson/status/1555639880612564992

1:25:20 Banning SSL

https://twitter.com/phunk9871/status/1557309945841958912?s=21&t=V2jbdxuDNkHwLw9ZWbuQyA

1:26:50 State of Market

https://twitter.com/notthreadguy/status/1557370241377763329?s=20&t=FAvjCgR1WvvG4Fko8XHcug

 

1:27:30 What David’s Bullish On

1:30:10 What Ryan’s Bullish On

 

1:34:00 Meme of the Week

https://twitter.com/calebini/status/1556090898487816192?s=20&t=qS3xmkeCe0NChYWbcVIgiA

 

-----

Not financial or tax advice. See our investment disclosures here:

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

On Monday, the U.S. Treasury Department made a smart contract illegal. 

They can do that?? 

David walks you through the news, with multiple interviews from Jerry Brito and Collins Belton, two experts in the matter. 

Let us know how you like the format!

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

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🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA 

👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave 

⚡️ MAKER DAO | THE DAI STABLECOIN  https://bankless.cc/MakerDAO 

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

------ Topics Covered:

0:00 Intro Opening Shot: https://twitter.com/RyanSAdams/status/1556743328774995971?s=20&t=OzfqFxxolrjhwZICo4KV6w  Ripple Effects: https://twitter.com/collins_belton/thread/1556650759994970113  Neutral Tool: https://twitter.com/jerrybrito/status/1556667240711438337?s=20&t=avKH9mQ1_3KDno2P2THs7Q 

4:00 What is OFAC? Overview: https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information  Press Release: https://home.treasury.gov/news/press-releases/jy0916  Sec Blinken: https://twitter.com/SecBlinken/status/1556677862345801728?s=20&t=QwqpNxU9CYKPz8LhBATSFQ 

7:44 What is Tornado Cash? Breakdown: https://blog.chainalysis.com/wp-content/uploads/2022/08/tornado-pie-1536x1034.png  Treasury Misleading: https://twitter.com/USTreasury/status/1556655337431785472?s=20&t=Jw5y0Xr4fHSelCzfhWvYlQ  Alex Svanevik: https://twitter.com/ASvanevik/status/1556983834809614337?s=20&t=OCDr5P9jRweG9RVYdmmxKQ 

10:20 Using Tornado Cash Neeraj Meme: https://twitter.com/NeerajKA/status/1556707552251060225?s=20&t=UNffL4gM4hBsaXDEZ0gJ_w  Clean ETH2 Addresses:  https://twitter.com/econoar/status/1556775153153048582?s=20&t=63-Nwh2Lv7u8tTC4E-CVUw  More Use Cases: https://twitter.com/RezaJafery/status/1556751888896258049?s=20&t=9rJ2buSh4PCTPMlNKezAyw 

12:15 Banning Smart Contracts Coin Center Announcement: https://www.coincenter.org/u-s-treasury-sanction-of-privacy-tools-places-sweeping-restrictions-on-all-americans/ 

17:08 Ripple Effects Circle: https://www.theblock.co/post/162172/circle-freezes-usdc-funds-in-tornado-cashs-us-treasury-sanctioned-wallets  Github: https://twitter.com/bantg/status/1556721709931175937?s=20&t=LSCI_12-Giipv727Y52qUg  Infura & Alchemy: https://twitter.com/0xdev0/status/1556933551073153024 

20:55 A Ban on Who? Cobie & Gainzy: https://twitter.com/cobie/status/1556647650212155394?s=20&t=F8nhR0zX4PkbGGOl1JmBCQ  Depositing .1 ETH: https://twitter.com/josephdelong/status/1557011056572129280?s=20&t=F1JszlO7Zm0lm4EGsgBrNg 

23:14 A Chilling Effect Attacking Free Speech: https://twitter.com/matthew_d_green/status/1556764387796340736?s=20&t=w8K19sEWj_AVS372HOjHTw 

25:47 Decentralization Priorities: https://twitter.com/econoar/status/1556825245381578753?s=20&t=63-Nwh2Lv7u8tTC4E-CVUw 

----- 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 

David Chaum is a computer scientist and an OG member of the cryptography community. His innovation has driven much of the mathematical foundation of cryptocurrency, and he continues to work on projects like xx Network.

In 1985, David issued this warning to the public:

“Computerization is robbing individuals of the ability to monitor and control the ways information about them is used. Already, public and private sector organizations acquire extensive personal information and exchange it amongst themselves… The automation of payment and other consumer transactions is expanding these dangers to an unprecedented extent.”

In today’s surveillance capitalism, it’s clear that we need cryptography now more than ever.

------ 📣 Forta | Help Make Web3 a Safer Place https://bankless.cc/Forta 

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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 6:00 David Chaum 11:30 60s Technology 20:00 60s Culture 23:55 A New Direction in Cryptography 33:30 The Fork in the Road 41:50 Minimum Disclosure 48:25 Traffic Analysis 56:05 Surveillance Capitalism 1:02:00 The State of Data Today 1:12:00 New Ideas and Society 1:15:40 Advice to Crypto

------ Resources:

David on Twitter: https://twitter.com/chaumdotcom?s=20&t=u3ULosGOPIOTPZobdnMKkw 

David’s Website: https://chaum.com/ 

----- 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.