15 Bad ETH Takes with Justin Drake
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 14 September 2022
⏱️ 94 minutes
🧾️ Download transcript
Summary
Kicking off Merge Week with a livestream with Ethereum researcher Justin Drake, it's time to debunk some myths and bad takes about ETH.
As we watch Ethereum make its historic transition to Proof-of-Stake, we explore claims against the merge, the Ethereum Roadmap, ETH supply, and many others.
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Timestamps:
0:00 Intro
7:30 The Merge
10:30 Media Hype
13:30 The Merge Will Never Happen
15:30 Ethereum Roadmap
20:15 Jack of All Trades
26:32 Ether Supply
36:54 Unpredictable Supply
45:10 Staker Tyranny
51:10 The Value of a Fork
54:00 Rich Get Richer
58:36 Deflation is Bad
1:07:05 Higher Fees
1:11:05 ETH is a Security
1:15:03 Reduced Burn
1:22:12 ETH is a Tech Stock
1:25:55 Changing Narratives
1:29:56 Ultrasound Money is Cringe
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Resources:
Justin Drake
https://twitter.com/drakefjustin
Justin Drake Episodes
https://youtu.be/1m12zgJ42dI
https://youtu.be/dHpAC0m8Rkk
https://youtu.be/FQTZSb3Rc9I
https://youtu.be/bWqhn1hXvVc
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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.
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https://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey bankless nation welcome to another state of the nation guess what David it's merge |
| 0:09.6 | week it's finally here we're talking to Justin Drake on merge week and we're talking |
| 0:14.5 | about some bad teeth takes 15 bad teeth takes we're gonna give him to you it was probably |
| 0:20.9 | a year ago a year and a half ago when Justin Drake dropped the legendary ultra sound |
| 0:27.0 | eath episode ultra sound money episode on bankless and since that time I guess headed |
| 0:32.8 | into this monumentous week of the merge there've been a lot of takes about that episode |
| 0:39.1 | some good takes some not so good takes and I think Justin is here to talk about some |
| 0:45.8 | the bad takes and clear some misconceptions about ultrasound money what are we in store |
| 0:50.4 | for today David yeah it seems to be impossible for people outside of the Ethereum ecosystem |
| 0:57.4 | to produce good takes about the Ethereum ecosystem and I'll say that knowing full knowingly |
| 1:03.6 | that I'm biased towards the Ethereum ecosystem but there's just some real low hanging fruit out |
| 1:08.5 | there as well as also some good nuanced arguments about some classic bad teeth takes so some |
| 1:14.6 | conversations that we're going to be going to get again again into is like the rich get richer |
| 1:19.7 | which is a very common take you hear about proof of stake so we're going to talk about that also |
| 1:24.6 | Ethereum is trying to do everything all at once and it's also being bad because it's |
| 1:29.1 | having to split its attention into so many different categories as well as like unpredictable |
| 1:34.8 | supply deflation bad it's a security etc etc etc some very common takes that you've heard |
| 1:41.1 | around the cryptosphere we're going to take them one by one and go through 15 of the baddest |
| 1:46.0 | east takes that you've ever heard all right you're ready for the countdown Justin Drake dropping |
| 1:50.5 | some bad eath takes I thought this was impossible but I guess he's refuting them also since |
| 1:54.7 | it's merge week of course we want to remind you our friends at consensus have sponsored this |
| 2:00.6 | and they want to let you know that they are going to be launching a commemorative NFT coincident |
... |
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