112 - Into the Funtier | Packy McCormick

Bankless

Tech News, Technology, News

4.7 • 1.2K Ratings

🗓️ 4 April 2022

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Packy McCormick is the writer of Not Boring, an investor at Not Boring Capital, and an advisor to the a16z Web3 Fund. Packy has a sharp intuition for general trends, and he puts in the work to understand and thoughtfully communicate his findings outward. Writing and creating content is a great way to learn and share knowledge—we would know.

In this episode, we explore five of Packy’s most salient articles orbiting around the crypto space. Unraveling the secret recipe for crypto (and life), managing the delicate balance between money and fun is the key to winning these games. Making money on the internet with friends is the new normal.

As a talented writer and a great thinker, Packy is a born-again crypto enthusiast as of 2021. He is able to synthesize this chaotic space with fresh eyes, bringing prior knowledge to guide his understanding.

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✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode
https://shows.banklesshq.com/p/112-packy-debrief

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📣 CONSENSYS | M·A·C: NFT Collection for a Good Cause
https://bankless.cc/MAC

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❎ ACROSS | BRIDGE TO LAYER 2
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🦁 BRAVE | THE BROWSER NATIVE WALLET
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Topics Covered:

0:00 Intro
5:30 Packy McCormick’s Journey
9:55 Born-Again Crypto Enthusiast
12:48 Own The Internet
21:00 Solana Summer
29:32 Monolithic vs Modular
35:44 The SOL Value Prop
42:08 Winner Take All?
47:30 Real vs Fake Culture
55:00 Status Monkeys
1:02:10 NFTs as Status
1:06:23 The Pareto Funtier
1:14:05 A Sense of Meaning
1:19:43 The Web3 Debate
1:29:45 Predicting This Decade
1:35:02 Closing & Disclaimers

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Resources:

Packy McCormick
https://twitter.com/packyM?s=20&t=zppneMsLXcmxhoe3-5z7OA
Not Boring
https://www.notboring.co/
Ethereum - Own the Internet
https://www.notboring.co/p/own-the-internet?s=r
Solana Summer
https://www.notboring.co/p/solana-summer?s=r
Status Monkeys (NFTs)
https://www.notboring.co/p/status-monkeys
The Pareto Funtier
https://www.notboring.co/p/the-pareto-funtier?s=r
The Web3 Debate
https://www.notboring.co/p/the-web3-debate?s=r
Player Piano
https://www.amazon.com/dp/0385333781?psc=1&smid=ATVPDKIKX0DER&ref_=chk_typ_imgToDp

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Bankless, where we explore the frontier of internet money and internet finance.
0:11.4	This is how to get started, how to get better, and how to front-run the opportunity.
0:15.0	This is Ryan Sean Adams.
0:16.0	I'm here with David Hoffman, and we're here to help you become more bankless.
0:20.2	Guys, we have a fantastic episode for you today with Packing McCormick into the frontier.
0:25.2	The combination of fun plus money wins.
0:28.0	That is the secret recipe for crypto.
0:30.0	A lot of themes we touched upon in this book.
0:32.0	A few takeaways for you.
0:33.0	Number one, we talk about the bull case for Ethereum, also Solana, and Web 3.
0:37.7	I think Packing has a great lens on this.
0:39.9	Number two, why humans are just status monkeys?
0:43.0	Status seeking monkeys.
0:44.0	We talk about that and how it applies to NFTs.
0:45.9	Number three, how making money on the internet with friends is the new normal.
0:50.5	That's what we're doing here in crypto.
0:52.1	Number four, bonus.
0:53.4	Talk a little bit about why Cardano is not going to make it in the flaws in that community.
0:59.0	David, a fun episode with Packing.
1:01.8	He's a talented writer, great thinker on a number of subjects.
1:05.3	He also came into crypto in 2021, or re-came into crypto in 2021, which gave him a fresh
1:10.8	lens to synthesize and look at everything that's going on.
	...

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