Crypto Empowerment: Cryptocurrencies aim to empower individuals by providing protection from traditional banking risks and promoting financial inclusion, especially following the lessons of the 2008 crisis.
The conversation emphasizes the potential of cryptocurrencies, like Bitcoin, to provide greater financial freedom and protection against exploitative banking practices. It highlights how the existing banking system still mirrors pre-2008 structures, risking depositors' savings for corporate profits. By encouraging wider adoption of crypto among average people, we can create a more equitable financial landscape and offer alternatives that safeguard individuals from systemic failures.
Crypto Perceptions: Many people find crypto confusing and associate it with scams. To engage them, focus on how crypto works rather than its price, using thought-provoking questions to spark interest. This can bridge the gap and highlight the benefits of crypto in response to traditional finance issues.
Many people, especially those outside of the finance world or not tech-savvy, find crypto confusing or irrelevant. They often associate it with scams, largely due to negative headlines. However, a larger group is simply unaware of how crypto could impact their lives positively. To engage them effectively, it’s more helpful to concentrate on how the crypto system works rather than its prices. This shift in focus helps people consider crypto’s role beyond speculation, especially when presented in a relatable way. Asking thought-provoking questions can capture their interest, making them more open to learning about the benefits of crypto as a response to traditional financial system shortcomings. Overall, it’s essential to understand that while skepticism exists, curiosity also emerges among those who feel disconnected from the crypto narrative.
Banking Realities: Banks use customer deposits to make loans, creating inherent risks for depositors. Many people trust the system but are unaware of the underlying issues and inequalities, which favor borrowers and billionaires over regular savers.
Many people think banks simply keep their money safe and return it on demand, but in reality, banks use those deposits to lend money, often to wealthy borrowers like real estate developers. This creates a hidden risk for depositors, as their funds are not just sitting idle. Most people remain unaware of how banking systems really work and trust they can access their money anytime. However, the banking model favors borrowers over savers, resulting in low interest payments for depositors. Understanding this gap between perceived safety and actual risk can help individuals realize the need for a financial system that better serves their interests, rather than just supporting the wealthy. Ultimately, the current structure may lead to potential problems, which remain obscured by a sense of security that most people feel when using their bank accounts.
Banking Risks: Banks can charge hidden costs and create risks for depositors. Small businesses are especially vulnerable with funds exceeding FDIC limits, risking their cash flow. Understanding these issues is vital for financial safety.
Many people underestimate the risks and costs associated with keeping money in banks. While it seems safe due to FDIC insurance, small businesses often hold more than the insured limit and can face serious cash flow issues if a bank fails. This system favors large banks, leaving smaller players exposed. Essentially, banks profit off depositing users by making risky investments with their money, often without transparency. Understanding these dynamics is crucial: you may think your money is secure, but the hidden costs and potential risks can be significant. It's essential to question how well your bank is managed and what happens to your deposits in various situations.
Banking System: Current banking systems are relying on bailouts for depositors, creating a false sense of security. People feel trapped with limited alternatives, yet there is a call to challenge this status quo for better financial options.
In our current banking system, depositors rely heavily on implicit government bailouts, especially when banks face crises. While individual risks may seem significant, the shared experience of loss, like inflation, often makes it feel less personal. This leads to a kind of complacent acceptance of the status quo. Many feel stuck, believing there are no real alternatives to the existing banking system, despite the existence of other potential solutions. Regulatory actions over the years, although meant to improve banking, have ended up creating an oligopoly that stifles competition and innovation. With growing concerns about monopoly-like control, there is a push for exploring new financial constructs that may offer better alternatives. Americans, known for their resilience, are encouraged to question why they tolerate this structure and seek proactive changes in the finance landscape.
Banking Dynamics: Utilizing Fidelity's money market funds can provide higher yields than traditional bank accounts but lacks FDIC insurance. Regulators prefer large banks over smaller ones, which limits innovation in the financial industry.
Using a traditional financial institution like Fidelity can offer better yields than a regular bank account by utilizing government money market funds. These funds provide about 5% interest without the risks associated with bank accounts. However, while they allow cash-like access via debit cards, they lack FDIC insurance. Regulators often favor larger banks, believing they manage risks better, which may hinder smaller bank innovation and efficiency. This results in smaller banks having to develop many financial functions on their own, limiting overall effectiveness. In contrast, larger institutions can leverage advanced technology and expertise, leading to a questionable oversight of the financial landscape where they are often viewed as the standard. Thus, though there are alternatives that may yield better returns, many people are still funneled into traditional banking practices by regulatory frameworks and convenience.
Banking Dynamics: The banking system favors large banks due to regulations and lobbying, making it hard for smaller banks to compete. Stablecoins may disrupt this by offering efficient, consumer-friendly alternatives that separate payment and borrowing functions in finance.
The current banking system is influenced by a mix of regulation, lobbying by large banks, and the motivations of legislators. This has led to an environment where bigger banks are favored due to their ability to manage risk and influence regulations. Smaller players often struggle to compete effectively, as they don't have the same resources or lobbying power. This results in a system that might be seen as complacent, and change is hard to achieve from within. Innovative solutions like stablecoins could disrupt this established order by separating payment functions from traditional banking, allowing for more efficient transactions and improved financial accessibility. It creates a scenario where users can hold their own money securely in a way that disrupts existing monopolies and encourages a more competitive landscape in finance, ultimately benefiting the average consumer.
Stablecoin Benefits: Switching to stablecoins from traditional banking can reduce risks and eliminate the negative impacts of risky borrowing, potentially providing better financial security and returns.
A key point made here is that the current banking system heavily subsidizes borrowers, leading to a culture of excessive debt among Americans. By shifting to stablecoins, individuals can potentially enjoy safer and more transparent financial transactions without the risky behavior associated with traditional banks. Unlike funds in a bank account, which can be claimed as liabilities in bankruptcy, stablecoins are backed by segregated assets, making them safer. This structure simplifies financial activities, offering better returns while reducing risks. In contrast to current lending practices, stablecoins could promote a healthier economic balance by encouraging responsible borrowing and providing clearer returns on investments without the toxic influence of bank fees and hidden risks.
Stablecoin Empowerment: Stablecoins offer global financial access and security, empowering individuals against corrupt financial systems and inflation. They represent a significant human rights advancement, enabling asset management without government interference, especially in unstable regions, while democratizing financial tools.
Using stablecoins on blockchains can revolutionize financial systems, especially for people in restrictive regimes. Unlike limited traditional banking systems, stablecoins allow individuals to access the US dollar and manage their assets securely. This provides protections against inflation and government confiscation, offering a significant human rights improvement globally. Countries with corrupt financial systems can empower citizens to manage their wealth without fear. As technology improves, more people will gain access to these decentralized systems, leading to wider economic freedom and inclusion. Countries like the US may take longer to adopt these changes compared to other nations. Recognizing the value of stablecoins could prompt meaningful conversations around financial equity, allowing marginalized groups greater access to financial services.
Crypto Solutions: Crypto offers alternatives to exploitative banking practices and is opposed by those wanting to maintain the status quo. Younger politicians see its potential for positive disruption.
Many people are skeptical of crypto, especially older politicians, but crypto can actually provide solutions to issues caused by traditional banking practices, like overdraft fees. Current regulations tend to protect banks rather than promote innovation. Younger democrats are more open to crypto, understanding its potential to disrupt existing bank monopolies, which is why there's pushback from the establishment. The perception that stablecoins threaten the financial system seems to stem from a desire to maintain the status quo rather than recognizing the benefits of competition and innovation that crypto could bring. By embracing crypto, individuals can find alternatives to banks that often exploit their consumers.
Crypto Engagement: Respectful engagement and addressing regulatory concerns can help change the narrative around crypto, especially as political divides persist. Advocates must act collectively to improve perceptions and demonstrate crypto's value.
In conversation about crypto regulation, it's important for advocates to engage respectfully with skeptics rather than resorting to online hostility. Acknowledging valid concerns raised by regulators can foster productive dialogue. The political landscape shows a divide: while Republicans show some support for crypto, Democrats remain largely silent, driven by fears of conflict within their own party. To change the narrative, crypto advocates must vote, build solutions, and have meaningful discussions that demonstrate the value of crypto, challenging misconceptions held by policymakers. This shift will depend on a collective effort to showcase the benefits of crypto and to participate actively in the political discourse.
Support Local Regulators: Engage with local regulators who support crypto and share resources like podcasts with your congressional representative if you're in the US. Stay informed about risks in traditional banking versus crypto investments, and support good regulatory practices to promote a safer environment for all.
If you're a US citizen, you can actively engage in the crypto conversation by reaching out to your congressional representative and sharing helpful resources, like podcasts. For those outside the US, it's important to recognize and support local regulators that are doing a great job in the crypto space, as seen with Japan's JFSA. They’ve taken steps to protect customers, unlike other regions that have had issues. Encouraging positive actions within your regulatory framework can help foster a safer crypto environment. Remember, investing in crypto carries risks, just as keeping money in traditional banks does. It’s essential to stay informed and support initiatives that embrace innovative technology responsibly, understanding the challenges faced by these regulators in this rapidly evolving space. As we venture further into the frontier of crypto, let's continue to support efforts that promote responsible and effective regulations.
Defending Crypto to the Middle-Class American | Austin Campbell
Recent Episodes from Bankless
Where is Ethereum Headed? | Mike Ippolito & Mike Neuder
The exploration of the Ethereum Roadmap continues.
Today on the show we’re bringing back Mike Neuder who was just on the show to give his defense of the Ethereum Roadmap and we’re also joined by Blockworks Mike Ippolito who brings a wealth of knowledge from around the crypto industry to add his thoughts to the conversation.
We cover the essence of Ethereum, the current state of rollups, value accrual and much more. We end the podcast with just overall bullish vibes and reflecting on what will take to make the promises of the crypto industry manifest in reality. Enjoy!
------
📣 JOIN US AT PERMISSIONLESS III
https://blockworks.co/event/permissionless-iii
🎉 REGISTER FOR THE BANKLESS PARTY
https://lu.ma/yj5pdeqe?tk=lIr2oe
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance
🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/71?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------
TIMESTAMPS
0:00 Intro
7:29 The Essence of the Argument
17:50 Ethereum and Rollups
33:00 Ethereum’s Schism
40:23 Value Accrual
59:30 Nation State Resistance
1:04:52 The Bull Case for Crypto
1:10:03 What Will Take
1:16:25 Closing & Disclaimers
------
RESOURCES
Mike Ippolito
https://x.com/mikeippolito
Mike Neuder
https://x.com/mikeneuder
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Defending Crypto to the Middle-Class American | Austin Campbell
Do you remember the 2008 crisis? It left a mark on many of us, fueling a distrust of bankers and politicians, and leading us to crypto as an alternative to the broken system.
Today’s guest, Austin Campbell, a professor and former Chief Risk Officer at Paxos, explains how crypto, especially stablecoins, can protect everyday Americans from the risks of traditional banks. He’s here to show why the middle class should care about the future of finance.
------
🎬 DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-austin-campbell-interview
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/70?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------
TIMESTAMPS
0:00 Intro
5:18 Austin’s Tweet Defending Crypto
13:55 How the Banking System Works
23:19 Who Manages Bank Risk?
32:37 Depositor Bailouts
41:36 Stablecoin Solution?
59:51 Stablecoin Impact on Banks
1:06:44 U.S. Payments Outdated?
1:10:15 Global Implications of Crypto Adoption
1:17:46 U.S. Regulatory Stance on Crypto
1:24:55 Anti-crypto Policy Motivation
1:32:13 Austin's Advice to Crypto Community
1:35:22 Closing & Disclaimers
------
RESOURCES
Austin Campbell
https://x.com/CampbellJAustin
Must Read Threads
https://x.com/CampbellJAustin/status/1817590780879397114
https://x.com/CampbellJAustin/status/1821591319816581469
https://x.com/campbelljaustin/status/1823362155984388226
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
ROLLUP: China's $500B Stimulus | Kamala's Pro-Crypto Pivot? | Gary Gets Grilled | EIGEN Unlock Incoming
This week we break down China’s massive new economic stimulus package, its biggest move since the pandemic and what it could mean for the global markets.
Gary Gensler faced intense bipartisan grilling in Congress, and Nic Carter dropped shocking new insights on ChokePoint 2.0’s legal implications. Plus, Eigenlayer’s token unlock is finally here after months of non-transferability. We’ll also dive into the key moments from Solana’s Breakpoint Conference. Buckle up.
------
📈 INDEX COOP | LEVERAGE TOKENS
https://bankless.cc/IndexCoop
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/69?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------
TIMESTAMPS & Resources
00:00:00 Kamala's Pivot?
https://www.theblock.co/post/318216/kamala-harris-says-us-should-become-dominant-in-blockchain-reiterates-digital-assets-in-economic-plan
https://twitter.com/standwithcrypto/status/1838327263953326469
https://x.com/EleanorTerrett/status/1839041447007342919
https://www.theblock.co/post/317636/vp-harris-says-shell-encourage-crypto-business-while-protecting-consumers-at-wall-street-fundraiser-bloomberg
https://x.com/TrustlessState/status/1838578494462189990
https://x.com/mcuban/status/1838667484905578704?s=46
https://www.axios.com/2024/09/23/harris-embraces-crypto-overture-young-men
https://x.com/Zachary/status/1839260651614568845
00:14:17 Markets
https://pro.kraken.com/app/trade/btc-usd
00:16:39 ETH Options Approved
https://x.com/EricBalchunas/status/1837240128588169587
https://x.com/kellyjgreer/status/1824168136637288912
00:19:16 Movers Of The Week
https://www.coingecko.com/en/coins/sei
https://x.com/VitalikButerin/status/1838809754002690403
00:22:10 The Beijing Bazooka
https://x.com/JustDeauIt/status/1839152089718538572
https://finance.yahoo.com/news/what-chinas-biggest-stimulus-since-the-pandemic-means-for-us-investors-morning-brief-100039804.html
https://x.com/deitaone/status/1839235182294913315?s=43&t=2ZINVXJQKx6xO_6Wiiu_2g
00:29:55 The Roast Of Gary Gensler
https://x.com/BanklessHQ/status/1838602362841374762
https://x.com/BanklessHQ/status/1838613533061230618
https://x.com/BanklessHQ/status/1838621580546425045
00:38:25 Jail Updates
https://www.reuters.com/world/us/bankman-frieds-ex-girlfriend-ellison-be-sentenced-over-crypto-fraud-2024-09-24/
https://x.com/autismcapital/status/1838661563663945804
00:44:23 Crypto Bank Crackdown Exposed
https://x.com/nic__carter/status/1836858969241100776
00:54:25 EIGEN Unlock
https://x.com/eigenfoundation/status/1838270195246170553
https://x.com/JimmyRagosa/status/1839272870809076003
00:55:55 Solana Breakpoint Recap
https://x.com/solana/status/1837035324587028567
https://x.com/solanamobile/status/1836614409613119632
https://x.com/solanafloor/status/1837038360101007577?s=46
00:59:05 Telegram Founder Updates
https://www.bbc.com/news/articles/cvglp0xny3eo
01:00:32 Raises
https://blog.celestia.org/celestia-foundation-raise/
https://x.com/infinex_app/status/1838730410710446144
01:03:57 David Fight Updates
https://polymarket.com/event/hoffman-vs-warwick
01:08:26 Meme Of The Week
https://x.com/spreekaway/status/1837128008169095172?s=46
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Crypto & The Democrats | Rep. Ro Khanna
Representative Ro Khanna, a Congressman from California and a key advocate for crypto within the Democratic party joins us on today’s episode. We discuss his efforts to bring crypto into the mainstream, including recent meetings he's helped broker between the White House, the Kamala Harris campaign, and key figures from the crypto industry. We explore the challenges and opportunities for the Democrats to embrace pro-crypto policies, the potential future of crypto regulation, and how this could shape the party's platform moving forward.
------
📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/68?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------
TIMESTAMPS
0:00 Intro
6:08 Harris vs. Trump Debate Reaction
8:58 Kamala Admin's Crypto Silence
11:27 Pro-Crypto Meetings with Democrats
17:01 Biden, Warren, & Crypto Stances
21:43 Future of Crypto Under Harris?
24:09 Ideal Democratic Crypto Policy
27:37 Kamala's Plans for Gary Gensler
28:37 Crypto Advocates in the DNC
30:43 Convincing Undecided Democrats on Crypto
33:27 Future of DeFi Regulation
34:58 Explaining DeFi Benefits to Democrats
37:50 Educating on Crypto's Transparency
39:55 Crypto Voter Dilemma: Harris vs. Trump
42:18 Closing & Disclosures
------
RESOURCES
Rep. Ro Khanna
https://x.com/reprokhanna
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
In Defense of The Ethereum Roadmap | Mike Neuder
Is the Ethereum’s Rollup centric roadmap a Queen Sacrifice blunder? That’s the core question the industry is asking and Bankless has aired some of these dissents.
Today’s episode voices a counter to the doubters. Mike Neuder is an Ethereum developer and previous Bankless guest. He thinks the Ethereum roadmap is pretty great as is, it’s right on track, in fact, his message is to stay the course, play the long game, and watch ETH grow in value as a monetary asset as the Ethereum economy grows across L2s.
------
📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/67?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------
TIMESTAMPS
0:00 Intro
6:06 Why is the ETH Roadmap Great
12:38 Ethereum’s North Star
17:12 Property Rights
28:14 Rollups
33:20 Rollup Stages
47:38 Data Availability
1:06:25 Value Accrual for ETH
1:15:33 ETH as Money
1:21:35 Closing Thoughts
------
RESOURCES
Mike Neuder
https://x.com/mikeneuder
Mike Neuther Thesis
https://hackmd.io/@mikeneuder/ethesis
Max Resnick Pod
https://www.youtube.com/watch?v=FLUJ0uLye0U
Kyle Samani Pod
https://www.youtube.com/watch?v=7CMMLdVrtFE
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
ROLLUP: Rate Cuts Price Savior? | Trump’s DeFi Project | Vitalik’s Documentary
The Fed just cut rates by 50 basis points for the first time since the pandemic, how is the market reacting, should we be excited?
Trump revealed new details about World Liberty Financial. We’ll break down why they’re building it, who’s involved, and what’s going on with the token.
We also have a Tale of Two Chains: Bitcoiners watching Trump buy a burger with Bitcoin in NYC, while Ethereans premiere an Ethereum documentary down the street.
------
📈 INDEX COOP | LEVERAGE TOKENS
https://bankless.cc/IndexCoop
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/66?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------
TIMESTAMPS & RESOURCES
00:00 Start
02:36 Markets
https://x.com/ledgerstatus/status/1835473538028814667
06:09 RSA Finally Cracks
https://x.com/RyanSAdams/status/1836779556998459436
10:55 Total MKT Cap
https://www.coingecko.com/en/global-charts
11:09 L2 Update
https://www.growthepie.xyz/fundamentals/transaction-count
13:36 Fed Rate Cuts
https://x.com/SpecialSitsNews/status/1835699786785136703
https://www.cnbc.com/2024/09/18/fed-cuts-rates-september-2024-.html
18:57 Cut Reactions
https://x.com/TimDuy/status/1836154346045870391
https://x.com/coinbase/status/1836470341063053572
https://x.com/RyanSAdams/status/1836795960321585388
https://www.coindesk.com/business/2024/09/18/arthur-hayes-if-they-go-50-that-will-be-a-nuclear-catastrophe-for-financial-markets/
https://x.com/intocryptoverse/status/1836471892674302430?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g
https://x.com/Jamie1Coutts/status/1836192104722370930
https://www.tradingview.com/chart/1RYLG2gC/?symbol=NASDAQ%3AQQQ
https://youtu.be/b6O-lHr-D0s?si=7uiJPAxPibmCTLsz
27:03 Trump's Liberty Financial
https://x.com/EricTrump/status/1834322630721122521
https://x.com/worldlibertyfi/status/1835748701534404945
https://x.com/alexandergrieve/status/1836006655223275904
32:06 Takes On The Project
https://x.com/iamDCinvestor/status/1836006290125987860
https://x.com/worldlibertyfi/status/1835300402163503260?s=46&t=dmRhP54bJmHi0Ppb8BT30Q
34:42 Trump Pays With Bitcoin
https://x.com/WatcherGuru/status/1836510214482284545
https://x.com/crypto_condom/status/1836512092503077146
36:39 Vitalik Film Premiere
https://ethereumfilm.xyz/streaming
https://x.com/EthereumFilm/status/1828192695095042429
https://x.com/TrustlessState/status/1836737714223210638
https://x.com/dimabuterin/status/1836701356565922006
https://x.com/ViktorBunin/status/1836556640734085478
https://x.com/jessepollak/status/1836607456497275028
https://x.com/jessepollak/status/1836607456497275028
https://x.com/EthereumFilm/status/1835973354995499061
41:36 SEC Sues Rari?
https://www.sec.gov/newsroom/press-releases/2024-138
https://x.com/dcfgod/status/1836488126744924299
43:03 The Flyfish Case
https://www.sec.gov/files/litigation/admin/2024/33-11305.pdf
https://x.com/HesterPeirce/status/1835757603860681141
https://x.com/FinancialCmte/status/1836124400695021654
https://x.com/RepFrenchHill/status/1836420981310542092?t=KbWMCpEacfkVWgSADJSgQg&s=19
50:41 Token 2049
https://x.com/justinsuntron/status/1836330985706918253
https://unchainedcrypto.com/buterin-at-token2049-were-not-early-to-crypto-but-were-early-to-crypto-being-usable/
53:36 New Zora App
https://x.com/RyanSAdams/status/1836399083482742814
56:19 New Fastest Rollup
https://x.com/atlasxyz/status/1833880969251524973
57:39 Permissionless Party
https://lu.ma/yj5pdeqe
Bankless listeners - 10% off tickets with BANKLESS10
Bankless citizens - 30% off tickets with link: https://bankless.cc/PermissionlessDiscount
59:26 Moment Of Zen
https://www.youtube.com/watch?v=71DtEk1cFdg
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Fed Rate Cut: Is It Too Late? | Macro Alf
Jerome Powell and the Federal Reset is about to cut rates, but the question on everyone’s mind is… What happens next?
Alfonso Peccatiello, known as "Macro Alf," is a macroeconomic analyst and investment strategist and he’s joining the pod to help us figure this out.
- Are these rate cuts just in time or too little too late?
- Is the Fed cutting by 25bps or 50bps?
- Will we get a recession or the soft landing the FED is hoping for?
- What will happen to crypto assets?
We discuss all this and more with Macro Alf, one of the top minds in macro out there.
------
📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/65?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------
TIMESTAMPS
0:00 Intro
5:41 The Fed is Behind the Curve
12:28 Why Haven’t Things Broke?
18:57 Bad News are Actually Bad News
24:17 Fed Rate Cut Prediction
30:43 Elizabeth Warren’s Letter
35:06 Market Reaction
42:55 How to Prepare
53:20 Probability of Recession
54:48 Debasement
1:05:06 Monetary Plumbing
1:09:09 Debasement Assets
1:11:46 Closing Thoughts
------
RESOURCES
Maro Alf
https://x.com/MacroAlf
Alf's Institutional Research Free Trial
https://docs.google.com/forms/d/e/1FAIpQLSfzLZS_8sWjyuqzDgJb9OQC_pSAoOjz6GVgsB0UIGzLELMSFQ/viewform
The MacroCompass
https://themacrocompass.org/
Monetary Plumbing Chart
https://x.com/MacroAlf/status/1834938859848634440
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Refuting L2 Fud & State of Arbitrum | Steven Goldfeder
Steven Goldfeder is back on the podcast today to discuss Arbitrum’s and all Ethereum L2 FUD.
Is a win for Arbitrum also a win for Ethereum, or is Arbitrum competing for users and liquidity? Steven addresses governance concerns and discusses the decentralization of Arbitrum’s Sequencer.
In the second half of the show, we get into the latest developments in the Arbitrum ecosystem, including Stylus, Bold, Orbit, and Timeboost.
------
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/64?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------
TIMESTAMPS
0:00 Intro
4:01 L1 vs. L2 Relationship
10:45 Use Cases of the L1 vs. L2s
18:56 Fastest Blockchain
20:05 Decentralization Priority
25:15 Sequencer Debate
33:06 Arbitrum x Espresso
38:02 Optimistic Rollups Capturing Ethereum Governance?
41:58 What Does Arbitrum Want From the L1
45:21 Increasing Block Times?
49:17 Arbitrum Ecosystem
52:21 How Does Stylus Work?
57:22 Web2 Devs Now Web3 Devs
1:03:02 Arbitrum’s Next 10x
1:08:17 Closing & Disclaimers
------
RESOURCES
Steven Goldfeder
https://x.com/sgoldfed
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
What Are BlackRock’s Crypto Plans? | Robbie Mitchnick Head Digital Assets at Blackrock
That’s right, Bankless Nation, BlackRock on the podcast today.
BlackRock is the world’s largest asset manager, a company that manages over $10 trillion dollars in assets around the world, to put it in perspective, that’s 5 times the crypto market cap. Let’s just say what they do has ripple effects in global markets.
But here at Bankless we wanted to figure out what they’re doing in crypto. That’s why we brought Robbie Mitchnick, BlackRock’s Head of Digital Assets.
We explore Crypto narratives in TradFi, how they measure the risk profile of Crypto, their plans for the future of ETFs, Tokenization and even DeFi.
------
📣 SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/63?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------
TIMESTAMPS
0:00 Intro
5:36 What is BlackRock?
7:33 BlackRock’s Crypto Arc
14:42 Digital Assets Team
17:01 BlackRock Bitcoin ETF
20:33 Investor Education
22:48 Narratives
24:58 Risk Management
34:04 Regulatory Environment
38:27 The Future of ETFs
42:30 Tokenization
51:00 What Needs to be Built
54:26 The State of DeFi
57:03 BlackRock’s Crypto Mission
1:00:44 Closing & Disclaimers
------
RESOURCES
Robbie
https://x.com/robbiemitchnick
Blackrock
https://x.com/BlackRock
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
ROLLUP: The Debate | 1st DeFi Congress Hearing | ENS joins PayPal/Venmo | Coinbase’s cbBTC
This week in crypto, the Trump vs. Harris debate sparked chatter, but did the markets react? DeFi had its first U.S. congressional hearing—how’d it go?
Friend.tech burned its keys—abandoning? ENS integrated with PayPal and Venmo, while Coinbase launched their cbBTC, and Sony might release a stablecoin.
Plus, did we see “war mode” Vitalik this week?
------
🔥The Bankless Summit | 70% of for Citizens | 20% code WRU20
https://x.com/BanklessHQ/status/1832085867483083211
https://www.bankless.com/join
------
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦄UNISWAP | BROWSER EXTENSION
https://bankless.cc/uniswap
⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🗣️TOKU | CRYPTO EMPLOYMENT
https://bankless.cc/toku
------
✨ Mint the episode on Zora ✨
https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/62
------
TIMESTAMPS & RESOURCES
0:00 Intro
5:21 Markets
https://farside.co.uk/?p=1518
https://x.com/biancoresearch/status/1832806811088638440
https://x.com/matt_hougan/status/1833149076722081906
https://www.cbsnews.com/news/inflation-cpi-fed-readies-to-cut-rates-next-week/
https://www.tradingview.c om/symbols/FRED-WALCL/
https://x.com/sonyasunkim/status/1832114732326957274
18:02 House lawmakers ended up divided in 1st Congressional DeFi hearing
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409354
https://x.com/fund_defi/status/1833556632027955694
https://x.com/coinage_media/status/1833593592373243915
https://x.com/NeerajKA/status/1833530974212387228
https://x.com/rohangrey/status/1833543531228762323
https://x.com/jchervinsky/status/1833557017023459526
27:29 The Debate - they didn’t mention crypto!
https://x.com/CNN/status/1833703753179857334
https://x.com/erikvoorhees/status/1833705605045051850
https://polymarket.com/event/who-will-win-the-debate-according-to-polls
https://polymarket.com/event/presidential-election-winner-2024?tid=1726028429396
https://x.com/shayne_coplan/status/1833127734844789106
https://x.com/Polymarket/status/1833679653191512442
https://www.theblock.co/post/315808/presidential-debate-risk-off-crypto
https://x.com/MikeIppolito_/status/1833874331539034448
36:49 War mode vitalik? If its not stage 2, its not a rollup
https://x.com/vitalikbuterin/status/1834061075970683367
39:01 zkSync Stage 1? & New CMO?
https://blog.zknation.io/zksync-governance-system/
https://x.com/the_matter_labs/status/1833894141052494218
42:41 Sony Stable Yen
https://x.com/delzennejc/status/1833243834563650038
43:21 Friend.Tech team renounces control of smart contracts
https://x.com/friendtech/status/1832581118165709140
https://x.com/functi0nZer0/status/1833178200685318213
https://x.com/MacroMate8/status/1833393620407488542
https://x.com/friendtech/status/1833259362711986335
47:06 EigenLayer announced Season 2 Stakedrop!
https://blog.eigenfoundation.org/season-2-stakedrop/
48:55 ENS was integrated with PayPal and Venmo!
https://x.com/ensdomains/status/1833536140529570039
https://x.com/brantlymillegan/status/1833568986547818820?
50:16 Coinbase Bitcoin - cbBTC released!
https://x.com/coinbase/status/1834208544247144949
https://x.com/jessepollak/status/1833603913888764064?s=46&t=2ZINVXJQKx6xO_6Wiiu_2gb
55:04 David Fighting at Permissionless
58:01 Closing & Disclaimers
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures