Bankless Bankless

Bankless Weekly Rollup
Last Week of Nov. 2023
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🌐 Near's Cost Effective Data Availability
https://bankless.cc/near  
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BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2   ⁠ 
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask  
⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum  ⁠ 
👾GMX | V2 IS NOW LIVE 
https://bankless.cc/GMX 
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo  
🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap 
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TIMESTAMPS & RESOURCES
0:00 Intro
3:50 Markets
https://twitter.com/camillionaire_m/status/1729850195012456518 
https://x.com/saylor/status/1730222828270612851 
https://x.com/WClementeIII/status/1730250345291375043 
https://twitter.com/jseyff/status/1728087271084028346 
https://twitter.com/datarade/status/1729416261149340002 
18:32 Jito Launching Governance Token JTO
https://twitter.com/jito_sol/status/1729172532971065626 
https://www.bankless.com/airdrop-hunter 
21:00 Cosmos enters its “Blocksize Wars” era 
https://twitter.com/DefiIgnas/status/1729155760850981130 
https://twitter.com/DefiIgnas/status/1729155760850981130/photo/3 
https://twitter.com/lurkaroundfind/status/1728805585313767528  
29:29 What does Paradigm think about Blast? 
https://dune.com/alec/blast-the-new-eth-l2 
https://x.com/danrobinson/status/1728817674543862023 
39:03 Ethereum blockchain Shenanigans
https://twitter.com/nero_eth/status/1728680630773575956
https://arxiv.org/pdf/2305.09032.pdf 
45:11 KyberSwap Dex aggregator hacked for $54.7M
https://twitter.com/KyberNetwork/status/1728115858889929021
https://x.com/TheDEFIac/status/1730196414154608785?s=20 
48:40 Move-based L2 arrives on the scene
https://twitter.com/movementlabsxyz/status/1727385496953958571?s=20 
Sei Network gets an upgrade
https://twitter.com/jayendra_jog/status/1729865516175798536 
50:47 NFTs
https://twitter.com/coolcats/status/1729281454792929561 
51:35 Regulation
https://www.theblock.co/post/264702/the-sec-is-having-trouble-serving-hex-founder-richard-heart-with-its-lawsuit 
https://blockworks.co/news/binance-changpeng-zhao-us 
53:39 Meme of The Week
https://twitter.com/yugacohler/status/1728892556304625708  
54:44 Closing & Disclosures
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosuresBankless 

The first think you need to know about crypto is, "what is money?" 
The second is, "what is property?" and that is our topic for today.
Joining us is notorious economist Hernando De Soto who is here to give us a masterclass on the world of property right and why we need to tokenize the world.
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✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-hernando 
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🏹 Airdrop Hunter is HERE, join your first HUNT today
https://bankless.cc/JoinYourFirstHUNT 
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BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2 ⁠ 
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 
⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum  ⁠
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
👾GMX | V2 IS NOW LIVE 
https://bankless.cc/GMX 
💲 USDV | NATIVE OMNICHAIN STABLECOIN
https://bankless.cc/usdv  
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TIMESTAMPS
00:00:00 Intro
00:06:38 Welcome Hernando
00:08:34 History of Property Rights
00:12:31 Property Rights in The US
00:20:27 Value of Property Right Management Systems
00:27:34 The Role of Buerocracy
00:33:09 Advantage of Strong Property Rights
00:40:58 Other Countries Property Rights Systems
00:48:10 Comparing Property Rights Systems
01:00:20 Capitalism
01:07:32 Blockchains and Crypto
01:18:13 Summarizing Blockchain
01:23:54 Dealing With Politics
01:32:30 Closing Thoughts

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RESOURCES
Hernando: 
https://twitter.com/HDeSotoPeru 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠ 

In case you weren’t aware, last week and over the weekend, Bankless became crypto’s main character. In today’s episode, we share our reflections on the backlash we received. What happened? Did we deserve it? And why are we here? 
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🏹 Airdrop Hunter is HERE, join your first HUNT today
https://bankless.cc/JoinYourFirstHUNT 
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 
⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum ⁠ 
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
👾GMX | V2 IS NOW LIVE 
https://bankless.cc/GMX 
💲 USDV | NATIVE OMNICHAIN STABLECOIN
https://bankless.cc/usdv  
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TIMESTAMPS & RESOURCES
0:00 Intro
3:10 Bankless Backlash 
https://twitter.com/DeFi_Made_Here/status/1728159809827217412 
4:14 bDAO Proposal to Arbitrum
https://x.com/banklessDAO/status/1728380541949653060 
5:42 Raiding Treasuries 
https://x.com/0xShual/status/1728078219625070926 
7:25 Shit gets mean
https://x.com/Ketherche/status/1728416271409295692 
8:40 bDAO “were not BanklessHQ” clarifying thread
https://twitter.com/banklessDAO/status/1728380541949653060 
https://x.com/RyanSAdams/status/1728203036999164017 
22:00 F Bankless Season 
23:13 Is Bankless net bad for Ethereum?
https://x.com/RyanSAdams/status/1728507517997658567 
25:00 Watching the press cover you: 
https://www.coindesk.com/consensus-magazine/2023/11/27/breaking-down-the-bankless-backlash/ 
27:40 David’s Long Tweet
https://x.com/TrustlessState/status/1728849871682048136 
30:30 Next Steps 
32:35 In Conclusion?  
https://x.com/intocryptoast/status/1728544232087130273 
32:52 Why are we all here? 
https://twitter.com/defi_mochi/status/1728703547121062273  
https://x.com/Fiskantes/status/1729428463017132487 
https://x.com/TrustlessState/status/1729303906201543128 
41:24 Closing & Disclaimers 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠ 

What is THORChain? Join David as we explore the liquidity protocol that allows swapping between BTC, ETH, and more without intermediaries.
Chad Barraford is a core developer at THORChain, and Erik Voorhees is a Bankless staple who has found a deep resonance with THORChain's mission.
Is THORChain helping build the Bankless future? Come find out.
-----
🏹 Airdrop Hunter is HERE, join your first HUNT today
https://bankless.cc/JoinYourFirstHUNT 
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 
⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum  ⁠
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
👾GMX | V2 IS NOW LIVE 
https://bankless.cc/GMX 
💲 USDV | NATIVE OMNICHAIN STABLECOIN
https://bankless.cc/usdv 
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TIMESTAMPS
0:00 Intro
3:30 What is Thorchain
7:10 Erik and Shapeshift
10:20 How it Works
13:40 Is this a Bridge?
17:00 Staking and Security
20:00 Rune
28:45 Bitcoin and Ethereum
32:20 Latency
36:00 The Bull Case for Thorchain
38:40 Specialization
40:40 The Roadmap and Community
44:00 Get Involved
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RESOURCES
Erik Voorhees:
https://x.com/ErikVoorhees?s=20 
Chad Barraford
https://x.com/CBarraford?s=20 
THORChain Website
https://thorchain.org/ 
THORChain Twitter
https://twitter.com/thorchain 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠ 

Phil Daian is a crypto-economic researcher! Phil is the lead author behind the landmark paper, “Flash Boys 2.0,” which introduced and defined the MEV problem in the Ethereum landscape, over 4 years ago. He is the cofounder of FlashBots, which is a research and dev organization with the mission of mitigating the negative externalities of MEV.
Andrew Miller is an Associate Professor at the University of Illinois, SGX Bull, and visiting researcher at Flashbots, and big believer in cypherpunk values through crypto-economic mechanisms. 
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✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-suave 
Have you ever heard of Flashbots? Flashbots is the silent protector of Ethereum, a shield against the forces of centralization that silently sneak into our cryptosystems and turn them into TradFi. It’s one of the unsung heroes of crypto.
The guests we have on today are from Flashbots, Phil Daian, and Andrew Miller. They believe the biggest centralization threats in crypto still lie ahead. And they’ve got a new platform that’s being built to defend against them. It’s called “Suave”, and we’ve been hearing a lot about it recently - “Solving MEV” - “Decentralizing block building” - but going into this episode, we weren’t sure exactly what it was. We found out during this episode. 
-----
🏹 Airdrop Hunter is HERE, join your first HUNT today
https://bankless.cc/JoinYourFirstHUNT 
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2 ⁠ 
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 
⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum ⁠ 
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
👾GMX | V2 IS NOW LIVE 
https://bankless.cc/GMX 
💲 USDV | NATIVE OMNICHAIN STABLECOIN
https://bankless.cc/usdv  
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TIMESTAMPS
0:00 Intro
8:20 History of Flashbots & MEV
15:35 MEV Boost
19:25 Andrew’s Journey 
23:20 What’s at Stake?
25:00 Solving MEV
33:44 What’s Suave? 
41:13 Intents
45:25 Suavechain? 
54:53 Decentralized Block Building 
1:02:27 Privacy of Suave 
1:08:02 Suave’s Importance & Goal
1:12:40 L2s 
1:15:18 Alt-L1s 
1:18:00 MEV Naiveness 
1:21:31 Benefits of Suave
1:30:36 Suave Roadmap
1:32:23 Why the World Needs Suave
1:38:25 Closing & Disclaimers  

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RESOURCES
How to get Started Building on Suave
https://collective.flashbots.net/t/suave-wiki/2018  
Learn about MEV
Crypto’s Existential Threat
https://www.youtube.com/watch?v=rOVz7dOrGyY 
Flashbots Saves Crypto
https://www.youtube.com/watch?v=xex9WVmVfbg 
Learn about Blockchain Supply Chains
Ethereum’s Hidden Power Structures
https://www.youtube.com/watch?v=rQxuPBy8tJg 
Learn about Moloch
Slaying Moloch 
https://www.youtube.com/watch?v=903tHM4RA9k 
Why we can’t have nice things?
https://www.youtube.com/watch?v=YeQ2_ep0Cg4 
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠ 

Bankless Weekly Rollup
4th Week of November, 2023

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🎙️ Tap into the Bankless Premium RSS Feed
https://bankless.cc/premiumfeed 

-----
🌐 Near's Cost Effective Data Availability
https://bankless.cc/near 

------
BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠

🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 

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

🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 

👾GMX | V2 IS NOW LIVE 
https://bankless.cc/GMX 

💲 USDV | NATIVE OMNICHAIN STABLECOIN
https://bankless.cc/usdv  
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TIMESTAMPS

0:00 Intro

00:03:39 Markets
https://pro.kraken.com/app/trade/btc-usd 
https://pro.kraken.com/app/trade/eth-usd 
https://www.coingecko.com/en/global-charts 

00:04:39 CZ and Binance
https://www.wsj.com/finance/currencies/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40 
https://x.com/jacqmelinek/status/1727055732657246582?s=20 

00:08:28 What is CZ Charged For?
https://x.com/cz_binance/status/1727063503125766367?s=20 
https://x.com/tier10k/status/1727112081361834432?s=20 

00:12:44 Yellen's Threat
https://x.com/BanklessHQ/status/1727074910370214051?s=20 
https://x.com/jacqmelinek/status/1727068905083154619?s=20 

00:17:22 Takes
https://x.com/SenWarren/status/1727075454258180374?s=20 
https://x.com/PapiChuloGrim/status/1727072835842265315?s=20 
https://x.com/TrustlessState/status/1727012179780788372?s=20 
https://x.com/nic__carter/status/1727090868908396745?s=20 
https://x.com/RyanSAdams/status/1727035378371305712?s=20  
https://x.com/RyanSAdams/status/1727022257250136447?s=20 
https://www.coindesk.com/consensus-magazine/2023/11/21/binances-cz-and-the-end-of-the-borderless-crypto-company 

00:31:23 SEC Attacking Kraken
https://www.sec.gov/news/press-release/2023-237 
https://blockworks.co/news/kraken-commingle-customer-funds 
https://x.com/nic__carter/status/1726742215601394147?s=20 
https://x.com/jespow/status/1726862770635936101?s=20 

00:38:39 What Does Kraken Do About This?
https://x.com/krakenfx/status/1726753079201034466?s=20 
https://x.com/jespow/status/1726794688433369290?s=20 
https://twitter.com/RyanSAdams/status/1726735133435113869?t=SRaRCiQMqLAJgPnBBWwnTQ&s=19 

00:44:37 Blast Launch
https://x.com/Blast_L2/status/1726747087906464024?s=20 
https://x.com/Blast_L2/status/1726747105056989438?s=20 
https://x.com/Blast_L2/status/1726747111994351627?s=20 
https://blast.io/en/about 

00:51:18 Blast Takes
https://x.com/matthuag/status/1726794007169392798?s=20 
https://x.com/bkiepuszewski/status/1726885938482266589?s=20 
https://twitter.com/_Enoch/status/1726789502100795705?s=20 
https://x.com/josephdelong/status/1726807950696800717?s=20 
https://x.com/buchmanster/status/1727012742031368503?s=20 
https://twitter.com/adietrichs/status/1726973122400989520 
https://x.com/dankrad/status/1726912734388765067?s=20 

00:59:12 Argentina's New President
https://www.reddit.com/gallery/17zpatk 
https://www.youtube.com/watch?v=pysVxVg9Y28 
https://www.reuters.com/world/americas/argentina-readies-vote-likely-presidential-election-thriller-2023-11-19/ 
https://twitter.com/balajis/status/1726448609871458645?s=20 
https://x.com/brian_armstrong/status/1727013818524660197?s=20 

01:02:52 Coindesk Sold
https://blockworks.co/news/bullish-acquires-coindesk-dcg 
https://twitter.com/JasonYanowitz/status/1726611872353591392 
https://x.com/elitanjourno/status/1726753641363550440?s=20 

01:07:28 Optimism News
https://x.com/optimismFND/status/1727105321817219488?s=20 
https://twitter.com/OPLabsPBC/status/1727007225552748712 

01:09:33 Meme of The Week
https://twitter.com/alancarroII/status/1727037504119837108 

Moment of Zen
https://x.com/BanklessHQ/status/1727