44 episodes

Bell Curve breaks down the most important themes in crypto for people who, like us, are confined to the middle of the bell curve. Each season explores a different thesis that we'll test and refine through debate with crypto's best. If you're a crypto native, degen or investooor, this podcast is for you.

Bell Curve Jason Yanowitz and Mike Ippolito | Blockworks

    • Business
    • 4.7 • 11 Ratings

Bell Curve breaks down the most important themes in crypto for people who, like us, are confined to the middle of the bell curve. Each season explores a different thesis that we'll test and refine through debate with crypto's best. If you're a crypto native, degen or investooor, this podcast is for you.

    Competing Security Models for Appchains | Nick White, Dev Ojha

    Competing Security Models for Appchains | Nick White, Dev Ojha

    Season 3 | Episode 3
    In this episode of Bell Curve, Nick White and Dev Ojha join us to debate the pros and cons of applications owning the full tech stack vs leveraging a modular architecture. Applications that own their full tech stack can fully customize their chain (how they process MEV, encryption, etc) but is the overhead and cost worth it? In contrast, the modular ideology supports outsourcing all non-core functions to other providers (similar to how websites outsource payments to Stripe). We cover this debate, Celestia, the role of sequencers, security tradeoffs, the idea of the "minimum viable stack" and more!
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    Timestamps:
    (00:00) Intro: Pre-Interview
    (02:25) Guest Backgrounds
    (04:13) Application Design Philosophies
    (10:01) Sequencers: Their Role and Security Tradeoffs
    (27:00) Tradeoffs: Focus vs Control
    (33:38) Mesh Security, ICS and Restaking
    (45:51) SDK Network Effects & the “Minimum Viable Stack”
    (55:13) Building Credibly Neutral Software
    (1:00:41) How Applications Should Approach MEV
    (1:04:02) The Path Ahead
    (1:06:19) Recap: Post-Interview
    - -
    Follow Myles: https://twitter.com/MylesOneil
    Follow Mike: https://twitter.com/MikeIppolito_
    Follow Nick: https://twitter.com/nickwh8te
    Follow Dev: https://twitter.com/valardragon

    Subscribe on YouTube: https://bit.ly/3R1D1D9
    Subscribe on Apple: https://apple.co/3pQTfmD
    Subscribe on Spotify: https://spoti.fi/3cpKZXH
    - -
    Resources:
    Celestia
    https://celestia.org/

    Osmosis
    https://osmosis.zone/
    - -
    Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

    • 1 hr 30 min
    An Inside Look at Crypto Venture Firms | Roundup

    An Inside Look at Crypto Venture Firms | Roundup

    This episode of Bell Curve explores the crypto venture capital landscape. We discuss how VC funds are managed, what separates the best funds from the pack, why fund size is so important and more! This is your chance to see how the crypto VC business really works.
    We then discuss Bitcoin's NFT drama, why Bitcoin mining sucks and a little bit of politics. You won't want to miss this one!
    - -
    Timestamps:
    (00:00) Introduction
    (00:38) Is the bull market back?
    (12:27) The private fundraising landscape
    (21:29) Behind the scenes look at VC funds
    (43:09) Bitcoin NFT drama (Ordinals)
    (50:43) Being a Bitcoin mining business ain’t easy
    (55:13) Charlie Munger, Nikki Haley and election predictions
    - -
    Follow Vance: https://twitter.com/pythianism
    Follow Michael: https://twitter.com/im_manderson
    Follow Mike: https://twitter.com/MikeIppolito_
    Follow Jason: https://twitter.com/JasonYanowitz
    Follow Bell Curve: https://twitter.com/thebellcurvepod

    Subscribe on YouTube: https://bit.ly/3R1D1D9
    Subscribe on Apple: https://apple.co/3pQTfmD
    Subscribe on Spotify: https://spoti.fi/3cpKZXH
    - -
    Resources:
    Illegitimate bitcoin transactions (Ordinals)
    https://read.pourteaux.xyz/p/illegitimate-bitcoin-transactions
    - -
    Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

    • 1 hr 1 min
    Fat Apps: Aggregation Theory in Crypto Networks | Zaki Manian, Sam Hart

    Fat Apps: Aggregation Theory in Crypto Networks | Zaki Manian, Sam Hart

    Season 3 | Episode 2
    In this episode of Bell Curve, Zaki Manian and Sam Hart join us to discuss how Aggregation Theory applies to crypto protocols. We explore if applications can covert user relationships into sticky profits, crypto moats, blockspace as a commodity, the benefits of controlling the full tech stack and more!

    PS: don't miss the "Smiling Curve" section of the episode - it's an under-discussed idea that will start appearing in crypto value-capture debates!
    - -
    Timestamps:
    (00:00) Intro: Pre-Interview
    (02:29) The AppChain Thesis 
    (09:31) Aggregation Theory
    (25:31) Do Moats Exist?
    (31:34) Is Blockspace a Commodity?
    (38:25) The Smiling Curve
    (47:04) Will dYdX Validate the AppChain Thesis?
    (52:28) Controlling the Entire Stack
    (1:01:22) Recap: Post-Interview
    - -
    Follow Myles: https://twitter.com/MylesOneil
    Follow Mike: https://twitter.com/MikeIppolito_
    Follow Zaki: https://twitter.com/zmanian
    Follow Sam: https://twitter.com/hxrts

    Subscribe on YouTube: https://bit.ly/3R1D1D9
    Subscribe on Apple: https://apple.co/3pQTfmD
    Subscribe on Spotify: https://spoti.fi/3cpKZXH
    - -
    Resources:
    Ben Thompson's Aggregation Theory
    https://stratechery.com/aggregation-theory/
    - -
    Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

    • 1 hr 13 min
    Unraveling Crypto’s Credit Crisis | Roundup

    Unraveling Crypto’s Credit Crisis | Roundup

    This episode of Bell Curve explores the complex money trail from crypto's warped credit market. We know the players - 3AC, DCG, Genesis, Alameda and FTX - but how were these parties tied together and what exposure did they all (carelessly) take?

    We then discuss how ecosystem funds work, why we're bullish dYdX and Circle, the Blockworks Research degens, why we're pulling a boomer on social media, Doodles controversy and more!
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    Timestamps:
    (00:00) Introduction
    (00:51) Crypto's [Dead] Credit Market
    (17:18) How Ecosystem Funds Work
    (24:30) dYdX Token Unlocks
    (29:32) Circle’s CCTP = Bullish
    (34:21) Canto, Blockworks Research and How to “Make It”
    (48:44) Stargate Psyops?
    (52:01) Doodles Controversy
    - -
    Follow Vance: https://twitter.com/pythianism
    Follow Michael: https://twitter.com/im_manderson
    Follow Mike: https://twitter.com/MikeIppolito_
    Follow Jason: https://twitter.com/JasonYanowitz
    Follow Bell Curve: https://twitter.com/thebellcurvepod

    Subscribe on YouTube: https://bit.ly/3R1D1D9
    Subscribe on Apple: https://apple.co/3pQTfmD
    Subscribe on Spotify: https://spoti.fi/3cpKZXH

    - -
    Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

    • 1 hr
    The Case for Sovereign Blockchains | Sunny Aggarwal, Dmitriy Berenzon

    The Case for Sovereign Blockchains | Sunny Aggarwal, Dmitriy Berenzon

    Season 3 | Episode 1
    In this episode of Bell Curve, Sunny Aggarwal and Dmitriy Berenzon join us to discuss the pros and cons of building a sovereign AppChain. AppChains enable developers and protocols to customize consensus, cryptography, MEV rules, fees and more. But is this customization worth the fragmentation, start-up costs, lack of tooling and other challenges AppChains face? Tune in to find out.
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    Timestamps:
    (00:00) Intro: Pre-Interview
    (02:33) The AppChain Thesis
    (10:52) Reasons to Build an AppChain
    (28:28) The Downsides and Challenges
    (42:04) What is Permissioned Blockspace?
    (48:49) Cosmos vs Ethereum
    (1:02:09) Solving Interoperability
    (1:07:54) User Lock-in: Wallets
    (1:13:42) Recap: Post-Interview
    - -
    Follow Myles: https://twitter.com/MylesOneil
    Follow Mike: https://twitter.com/MikeIppolito_
    Follow Sunny: https://twitter.com/sunnya97
    Follow Dmitriy: https://twitter.com/dberenzon

    Subscribe on YouTube: https://bit.ly/3R1D1D9
    Subscribe on Apple: https://apple.co/3pQTfmD
    Subscribe on Spotify: https://spoti.fi/3cpKZXH
    - -
    Resources:

    Dmitriy's blog
    https://dberenzon.medium.com/

    Osmosis
    https://osmosis.zone/

    1k(x)
    https://1kx.network/
    - -
    Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

    • 1 hr 31 min
    Peak ETH: Ethereum's Monetary Policy Explained | Roundup

    Peak ETH: Ethereum's Monetary Policy Explained | Roundup

    This episode of Bell Curve explores the bear market rally and ETH’s monetary design. We start with our views on the recent market rally - have prices bottomed, or are we witnessing a dead cat bounce? What should we expect for 2023?

    We then discuss ETH's unique monetary policy, MakerDAO’s counterparty risk, Optimism vs Arbitrum, private fundraising, Su Zhu's false redemption arc and more!
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    Timestamps

    (00:00) Introduction
    (01:00) A Bear Market Rally
    (12:10) Optimism vs Arbitrum
    (17:20) Genesis Bankruptcy Rumors
    (22:28) MakerDAO’s Counterparty Risk
    (28:28) Raising Funds in a Bear Market
    (34:30) ETH’s Monetary Policy
    (48:01) ETH Staking Withdrawal Queue
    (50:05) Bitzlato and Bitcoin Narratives
    (1:00:50) Su Zhu and Kyle are Back

    - -
    Follow Vance: https://twitter.com/pythianism
    Follow Michael: https://twitter.com/im_manderson
    Follow Mike: https://twitter.com/MikeIppolito_
    Follow Jason: https://twitter.com/JasonYanowitz
    Follow Bell Curve: https://twitter.com/thebellcurvepod

    Subscribe on YouTube: https://bit.ly/3R1D1D9
    Subscribe on Apple: https://apple.co/3pQTfmD
    Subscribe on Spotify: https://spoti.fi/3cpKZXH
    - -
    Resources

    Ryan Watkins tweet on Ethereum innovation cycles
    https://bit.ly/3ZPirug

    ETH 7.5% APR tweet
    https://bit.ly/3Wmua0w

    ETH withdrawal queue thread (by Westie)
    https://twitter.com/WestieCapital/status/1613645213792366595

    - -
    Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

    • 1 hr 15 min

Customer Reviews

4.7 out of 5
11 Ratings

11 Ratings

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