132 - Polynya's Crypto Thesis
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 15 August 2022
⏱️ 67 minutes
🧾️ Download transcript
Summary
This conversation has been a long time coming. Polynya is a pseudonymous writer, investor, and crypto researcher.
Polynya coined the term “modular blockchain” and has been influential on 100 different crypto topics, most notably on rollups, though they’re quick to point out that rollups are no longer their main focus.
This is a unique episode, in which Bankless DAO’s Eureka John acts out Polynya’s voice based on a 5-hour text-based discord interview. Tune in as we explore Polynya’s fascinating mind, covering their broad crypto thesis, EIP-4844, and the future of Ethereum Scalability.
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Topics Covered:
0:00 Intro
9:00 Polynya the Anon
13:45 Polynya IRL
20:05 Cautious Optimism
25:35 Polynya’s Crypto Thesis
29:58 Accruing Value at the L1
31:54 Bitcoin vs Ethereum
33:30 Alt-L1s and Decentralization
35:10 Everything is Finance
38:10 Layer 2 Value Capture
41:33 Rollups vs ETH
45:30 Increasing L2 Demand
47:40 Layer 2 Tokens
52:45 A Symbiotic Relationship
56:08 Cosmos and Alt-L1s
58:45 App-Specific Chains
1:00:30 All Just Chains and Bridges
1:02:14 Why Cardano Rocks and Sucks
1:04:23 Cults and Tribalism
1:05:20 Changing Crypto
1:06:54 Changing the World
1:07:35 Polynya’s Message
1:08:30 Thank You Polynya
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Resources:
Polynya on Twitter:
https://twitter.com/apolynya?s=20&t=4Cws8vmOo7v2mRmI8mGyfw
Polynya’s Writing:
https://polynya.medium.com/
Modular Blockchains:
https://newsletter.banklesshq.com/p/ultra-scalable-ethereum
Eureka John:
https://twitter.com/EurekaJohn1?s=20&t=ws5GNZKUSZtegsJQkvcuAg
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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.
Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:11.9 | This is how to get started, how to get better, how to front run the opportunity. |
| 0:15.9 | This is Ryan Sean Adams. |
| 0:16.9 | I'm here with David Hoffman, and we're here to help you become more bankless. |
| 0:21.4 | Guys, we have a special episode for you today. |
| 0:24.8 | Paulenia's crypto thesis. |
| 0:26.4 | Paulenia is a crypto anon. |
| 0:29.0 | David and I have called this individual Pauli Nia in the past. |
| 0:33.0 | Turns out that is not how you pronounce Pauli Nia's name. |
| 0:35.8 | It's Paulenia. |
| 0:36.8 | We did this conversation in kind of a unique way. |
| 0:39.1 | Do you want to describe that before I get into some of the takeaways here? |
| 0:41.8 | Yeah, we've always wanted to host Paulenia, as one does, |
| 0:44.8 | who has a podcast with a writer who's writing very informative technical literature. |
| 0:49.9 | Also, definitely one of the most in-demand podcast guests that's out there. |
| 0:54.2 | But we could never have them because they were so anon that even their voice is too far doxed. |
| 1:01.0 | So Ryan and I spent about five hours across two days in Discord with Paulenia |
| 1:06.7 | doing a written interview as if it was spoken. |
| 1:11.5 | And then we turned that into a script, and we got a voice actor to come and speak |
| 1:16.4 | and give Paulenia a voice. |
| 1:18.2 | So that is what you're about to listen to here on the episode today. |
| 1:20.9 | That's in takeaways for you. |
... |
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