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The Ethereum vs. Solana Debate | Justin Drake vs. Anatoly Yakovenko
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https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/9?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
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🎬 DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-justin-drake-vs-anatoly-yakovenko-interview
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Ethereum vs. Solana. That’s the debate we’re having today.
On Ethereum’s side we have Ethereum Researcher Justin Drake, and on the Solana’s we have Solana’s Co-Founder Anatoly Yakovenko.
They give us the good, the bad and the ugly of each other’s blockchain, settling their endgame towards the end of the episode.
This was one, if not the spiciest debate we had on the show. We tried our best to give both guests time with minimal intervention. At times went well, at others it caused deep semantic rabbit holes. But overall both guests were able to communicate their messages.
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TIMESTAMPS
0:00 Intro
7:16 The Good
22:30 The Bad
52:03 Global Shared State
1:06:07 Economic Security
1:30:08 The Ugly
1:47:23 The Endgame
1:55:22 Closing & Disclaimers
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RESOURCES
Anatoly Yakovenko
https://twitter.com/aeyakovenko
Justin Drake
https://twitter.com/drakefjustin
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
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ROLLUP: ETH Price Target | ETF Launch Date | Celebcoin Drama | Major New L2s
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Bankless Friday Weekly Rollup
Last Week of May
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⚖️ARBITRUM | SCALING ETHEREUM
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🌐 CARTESI | LINUX-POWERED ROLLUPS
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TIMESTAMPS & RESOURCES
00:00:00 Injury Updates
00:05:16 Markets
https://pro.kraken.com/app/trade/btc-usd
https://pro.kraken.com/app/trade/eth-usd
00:07:22 ETF Update
https://x.com/tier10k/status/1793758369804886200?s=46&t=LKBC7Qtm18FnZ380xCF2pA
00:09:08 When Will ETFs Launch?
https://x.com/EricBalchunas/status/1795934675380109479
https://x.com/NateGeraci/status/1795255561753424157
https://x.com/JSeyff/status/1795933440090452413
00:11:09 ETH Price Impact
https://imgur.com/a/rkIfckX
https://www.theblock.co/post/296237/qcp-capital-predicts-spot-ethereum-etf-approvals-could-drive-prices-higher
https://www.grayscale.com/research/reports/the-state-of-ethereum
https://thedefireport.io/research/the-turning-point#a-simple-framework-to-think-about-p
https://x.com/ZachLight16/status/1794778924381082003
00:19:31 The ETH Narrative
https://x.com/TrustlessState/status/1795595286972383494
https://youtu.be/vo2PjvZHIR4?si=ICEq25ulL4iaguOg&t=140
https://youtu.be/rlZo7x2ABHw?si=K6WKpHGP-4_L1k5w&t=50
https://x.com/jdorman81/status/1792927796353814640
00:30:26 David's Challenge
00:34:47 The Saylor Pivot
https://x.com/JasonYanowitz/status/1793627497398948193
https://x.com/BeagleBitcoin/status/1794443617399885986
https://x.com/nic__carter/status/1792706827748294947
https://x.com/sassal0x/status/1794603287431528522
00:41:05 Presidential Pivot
https://x.com/yugacohler/status/1794540212254589369
https://twitter.com/BitcoinMagazine/status/1794535395176366260?t=zcNFn9egY0fRCpxYNRu7sQ&s=19
https://www.theblock.co/post/297504/biden-campaign-shifts-crypto-stance-engages-crypto-industry-presidential-elections-2024?utm_source=twitter&utm_medium=social
00:47:21 Celeb Coins
https://x.com/Caitlyn_Jenner/status/1794886435985846680
https://www.coingecko.com/en/coins/caitlyn-jenner
https://x.com/Caitlyn_Jenner/status/1795269306693075404
https://x.com/Caitlyn_Jenner/status/1795277298490605934
https://x.com/Caitlyn_Jenner/status/1795973191325585733
https://x.com/coffeebreak_YT/status/1795948137397338120
https://x.com/waleswoosh/status/1795046157674045567
00:57:09 L2 Update
https://l2beat.com/scaling/summary
https://x.com/jessepollak/status/1795572376555712551
https://x.com/0xDesigner/status/1794040845642957102
00:59:57 ENS L2
https://x.com/ensdomains/status/1795440186513576318
01:01:33 Taiko Mainnet
https://x.com/taikoxyz/status/1795078728768483464
01:03:14 Solana Updates
https://forum.solana.com/t/proposal-for-enabling-the-reward-full-priority-fee-to-validator-on-solana-mainnet-beta/1456/97
01:05:52 ETH vs SOL Debate
01:06:32 Gary Takes Another L
https://x.com/iampaulgrewal/status/1795511035870285827
01:08:20 Gemini Earn Updates
https://x.com/Gemini/status/1795819898049884468
https://x.com/JSeyff/status/1795928574878245126
01:10:18 Railgun Volume Record
https://thedefiant.io/news/regulation/railgun-privacy-protocol-surpasses-usd1b-in-volume-amid-crackdown-on-crypto-mixers
01:13:29 Warpcast Bankless Frame
https://warpcast.com/bankless/0xca3e17df?utm_source= -
In This Economy? How Money & Markets Really Work | Kyla Scanlon
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https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/7?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
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Is it all vibes? Always has been.
Kyla Scanlon is a writer, podcaster, analyst, founder of financial education company Bread, and an all around brilliant explainer of things hard to explain.
Expect to learn why economies are vibe reflectors, Kyla’s “economic kingdom” model and an overview on the current state of economic affairs.
Financial literacy is a superpower and Kyla managed to compress this topic that people have been trying to figure out for ages in an easy to understand economics toolbox.
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⚖️ARBITRUM | SCALING ETHEREUM
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TIMESTAMPS
0:00 Intro
6:55 The Vibes Economy
12:10 Understanding Money & Finance
17:04 The Economic Kingdom
20:37 The Monetary Castle
28:35 The Fiscal Castle
37:47 Vibes are the Economy
56:23 The Deciders
1:00:55 Housing Market
1:06:58 The Labor Market
1:13:35 Wealth Inequality
1:19:12 Energy
1:23:01 The Economics Toolbox
1:28:03 What’s Next for Kyla
1:33:03 Closing & Disclaimers
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RESOURCES
Kyla Scanlon on X
https://x.com/kylascan
Kyla Scanlon Website
https://kylascanlon.com/
Order “In this Economy?” Now
https://www.penguinrandomhouse.com/books/737854/in-this-economy-by-kyla-scanlon/
Kyla’s “AI Can't Plant Corn (Yet)”
https://kyla.substack.com/p/ai-cant-plant-corn-yet
WSJ “How Gen Z Is Becoming the Toolbelt Generation”
https://www.wsj.com/lifestyle/careers/gen-z-trades-jobs-plumbing-welding-a76b5e43
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures -
Stablecoins and National Security | Former CFTC Chair Timothy Massad
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https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/6
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🎬 DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-timothy-massad-interview
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Are stablecoins a threat to national security? How should the US government step in?
We brought Timothy Massad, the perfect guest to help us answer these hard questions. He was the Obama appointed chair for the CFTC, the guy who helped designate Bitcoin as a commodity over 10 years ago.
We touch on:
- The importance of stablecoins.
- How stablecoins compare to eurodollars.
- Weather crypto and sanctions can co-exist.
- A sensible policy for stablecoins.
- And finally, his thoughts on what happens next.
Timothy brings a whole different perspective from what we’re used to in our crypto bubble. That’s exactly why you should tune into this episode.
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TIMESTAMPS
0:00 Intro
6:34 Timothy’s Background
9:30 Security vs Commodity
12:46 Stablecoin First Impressions
21:42 The Importance of Stablecoins
28:26 History of the Eurodollar
38:46 Economic Sanctions
47:47 Stablecoins and Sanctions
1:08:59 A Stablecoin Future
1:13:37 A CBDC Future
1:18:49 What about Privacy?
1:20:58 The Role of the Dollar
1:23:18 Stablecoins Abroad
1:25:43 Predictions
1:28:10 Closing & Disclaimers
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RESOURCES
Timothy Massad
https://x.com/timmassad
Stablecoins and National Security by Timothy Massad
https://www.brookings.edu/articles/stablecoins-and-national-security-learning-the-lessons-of-eurodollars/
Five Perspectives on Stablecoins by Nic Carter
https://medium.com/@nic__carter/five-perspectives-on-stablecoins-5bc20076270a
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures -
Why the Ethereum ETF is Bullish $ETH | Matt Hougan of Bitwise
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https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/5
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Matt Hougan is the CIO at Bitwise, and has been one of the best people to talk to when it comes to understanding the ETF process, and the impact of ETFs on the crypto markets.
Today we dive into the specifics on what exactly the ETF approval means for ETH.
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TIMESTAMPS
00:00 Intro
05:46 What Exactly Happened?
08:45 Was This Really Political?
12:11 Who's Responsible For This
16:46 Next Steps For ETF
20:36 Matt's ETF Story
22:44 ETF Price Impact
27:38 ETF Inflow Predictions
34:50 Explaining The ETH Narrative
38:23 Matt's 2 Minute Pitch
45:12 How Bitwise's Job Changes
49:01 ETH Charts
54:31 Legislation
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RESOURCES
Matt on X: https://x.com/Matt_Hougan
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures -
ROLLUP: ETH ETF Approved | Crypto Politics | Uniswap Wells Notice | Airdrop Reset?
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https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/4
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Bankless Friday Weekly Rollup
4th Week of May
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BANKLESS SPONSOR TOOLS:
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🔗CELO | CEL2 COMING SOON
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🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku
⚖️ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🌐 CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance
------
TIMESTAMPS & RESOURCES
0:00 Intro
3:52 MARKET
WatcherGuru/status/1792646445075431627
https://ycharts.com/companies/ETHE/discount_or_premium_to_nav
https://x.com/Timccopeland/status/1793653604387328381
https://x.com/bx1core/status/1792712990141338049
https://imgur.com/hbveuq5
https://x.com/pythianism/status/1793369623301403024
https://x.com/UncleRewards/status/1793623611405947147
https://imgur.com/uevxXfe
https://www.coinglass.com/bitcoin-etf
18:54 How the odds of an ETH ETF approval suddenly swung in our favor
https://x.com/BanklessHQ/status/1791140496397468064
https://x.com/RyanSAdams/status/1791147869791002699
https://www.youtube.com/watch?v=bFEGCmHqBT4&t=898s
https://x.com/songadaymann/status/1792667124919599263
https://x.com/EricBalchunas/status/1792636523050906102
https://www.coindesk.com/policy/2024/05/20/ether-etfs-filing-process-sees-abrupt-progress-though-approval-not-guaranteed-sources/
https://x.com/JSeyff/status/1793039305125790105
26:28 Letter Urging ETH ETF Approval from Congress - THIS MORNING
https://x.com/EricBalchunas/status/1793620303966503267
https://x.com/CGasparino/status/1793268472484425865
https://x.com/nategeraci/status/1792993889189593502
https://x.com/JSeyff/status/1792650597377757456
29:50 Promethum is launching its Ethereum custody
https://fortune.com/crypto/2024/05/20/controversial-digital-assets-firm-prometheum-launches-long-awaited-ether-custody-argues-that-existing-laws-work-for-crypto/
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409274
https://x.com/RyanSAdams/status/1792907980624523549
https://x.com/jchervinsky/status/1793398130269954346
32:16 FIT21 passes the House 279 - 136 🎉
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409277
https://x.com/avichal/status/1793370415664148496
https://youtu.be/_QvOzpKX3I4?si=__6q_Ffl-PU7R4oe
https://x.com/BanklessHQ/status/1793291448965624088
https://pelosi.house.gov/news/press-releases/pelosi-statement-fit21-legislation
https://x.com/BanklessHQ/status/1793367943671402923
43:12 Another win for crypto this week - “Choke Point Marty is done”
https://x.com/nic__carter/status/1792569285799186641
https://x.com/twobitidiot/status/1793606319301447920
https://www.sec.gov/news/statement/gensler-21st-century-act-05222024
https://x.com/twobitidiot/status/1793399316012318821
https://x.com/zerohedge/status/1792659983370523096
https://x.com/nic__carter/status/1792660581272670650
https://x.com/meanwhilelife/status/1792936024244466174
Exhibit A: https://x.com/ewarren/status/1641138829162577928
Exhibit B: https://x.com/WatcherGuru/status/1793261382676119866
Exhibit C: https://x.com/BitcoinMagazine/status/1793025045310115910
Exhibit D: https://x.com/SMTuffy/status/1793604355591110692
Exhibit E: https://x.com/SenLummis/status/1793654641974288558
53:32 ETH ETF just reopened the window for protocol airdrops!
https://x.com/TrustlessState/status/1792958932228653249
55:09 Yuga Labs ‘Punk World’
https://x.com/cryptopunksnfts/status/1792594316172341315
https://x.com/CryptoGarga/s