Why bankless is my favorite crypto education and alpha podcast.

My interest began with doge (laugh all you want) and I rode from .05 up to .74 down to .06. This sparked my interest in the crypto community, but more importantly the technology. At the same time, I had put money in ETH, but I couldn’t understand why. I needed a thesis.

After listening to David and Ryan’s podcast for over a year, my thesis has developed into more than just resting on the shoulders of giants. Below are a few of my key convictions.

Crypto is 99% scams and misinformation. I know this seems like a negative but it’s not, allow me to explain. Bitcoin is the best internet money game the world has ever seen, but it’s still a Ponzi scam imo. BTC created the first widespread decentralized peer to peer value trading system. BTC is energy intensive, promotes the rich get richer, and puts decentralization in the hands of large mining companies. More importantly tho, bitcoin enabled the next dimension of the internet. BTC has the highest market cap in crypto. However, what is the miners incentive to secure the blockchain when all blocks have been mined? You’re telling me TX volume is enough? In the past 7 days Uniswap has averaged a cool 1.2 million more in TX fees vs BTC

Why does uni have more value than BTC? Uni rests on the foundation of GIANTS. Solidity enables smart contracts & smart contracts enable a new era of the internet. Bringing decentralized banking infrastructure to the masses built on the most secure blockchain MATTERS!

when you look at the chart below, you’ll realize we are early. In the past 7 days, ethereum has secured 9 out of the top 11 fee generating crypto platforms. This, my anons, indicates that there is something legitimate here but when will the market cap reflect this?

We are in an exciting time of technological development. Although most familiar use cases stem from $100,000 monkey pics (tbh this is pretty stupid, albeit fun ngl), the true takeaway imo is a new digital banking system is in the process of disrupting large industries.

Banking only scratches the surface tho. when we can use Ethereum to make voting more accessible as well as auditable, society wins. When we put more artists, writers, and musicians in the drivers seat of nfts, artists and fans win.

Consider property rights transcending the real world. House deeds, car titles, gated access to events or even your home. How about when you can trade assets from your favorite video game for real world goods and services?

We are only at the limits of our imagination. The build market will inevitably produce more scams(Luna/terra), but the applications that stand the test of time are more important than ever!

As David & Ryan would say, “crypto/defi/nfts are risky, you could lose what you put in, but we are heading west, this is the frontier,& we’re glad you’re with us on the bankless journey! Cheers