17 - A Bankless Nation (Part 1)
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 15 June 2020
⏱️ 65 minutes
🧾️ Download transcript
Summary
Episode: #17
June 15, 2020
An alien visits earth. He sees our cities, our governments, our moral codes. He's curious, "What's are you trying to do here?" he asks the humans.
The humans respond: "We're trying to get coordinated".
Coordination is how humanity rose above the animals. Built the pyramids. Put a man on the moon.
We've coordinated as hunter-gather societies in tribes. As agrarian societies in kingdoms. As industrial societies in nation states.
And now...as information societies in digital nations like Ethereum and Bitcoin. This. Changes. Everything.
Covered:
-
- Uh...why are we here? What's the point?
- A nation is more than a nation state!
- The thing that makes humans special
- Getting past Dunbar's number
- The rise & limits of nation states
- The next evolution of the nation
- How you become a citizen of Ethereum
Join us next Monday for a fresh episode!
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Tools from our sponsors to go bankless:
- Multis - bank your business without a bank (1 mon. trial!)
- Ramp - the fiat onramp for DeFi (mention Bankless!)
- Monolith - holy grail of bankless Visa cards
- Aave - money lego for lending & borrowing
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Resources discussed:
- (Article) A Bankless Nation (part 1)
- (Podcast) Episode 12 talks about Settlement Assurances
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Episode Actions:
- Read David's "A Bankless Nation" piece from last week
- Subscribe to Bankless newsletter so you don't miss part 2!
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Leave a review on iTunes
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Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier of Internet money and Internet finance. |
| 0:18.0 | This is how to get started, how to get better, and how to front run the opportunity. |
| 0:22.0 | This is Ryan Sean Adams. I'm here with |
| 0:24.0 | David Hoffman and we are here to help you become more bankless. David, how are |
| 0:30.1 | things my friend? Things are fantastic. I'm extremely excited about this episode this has been a |
| 0:36.4 | subject that I have been tossing around in my head for a long long time and I'm |
| 0:41.0 | excited to break this down and pull this apart with you. |
| 0:43.2 | Well what is the topic tell us? The topic is what are we all doing here? |
| 0:48.4 | So every person in crypto is kind of doing their own individual thing, right? |
| 0:54.0 | The whole cool thing about these systems is that there's so many different groups of stakeholders, |
| 0:59.2 | groups of communities, right? |
| 1:00.3 | We have the builders, we have the community members, you have the investors, the developers, |
| 1:05.7 | and each one is doing their, has their own specific role in Bitcoin and Ethereum in these |
| 1:11.2 | greater crypto systems, right? And so the different roles all depend on each other. |
| 1:16.9 | They're this feedback loop between each individual one. And it kind of just reminds me of that |
| 1:22.4 | ancient parable of the blind men feeling the elephant, right? |
| 1:25.8 | So, you know, one man is feeling the leg and says like, oh, an elephant is like a tree and another blind man is feeling the trunk and he says oh an |
| 1:34.8 | elephant is like a snake and none of them really get it right but they all get it |
| 1:40.1 | right individually right because they're just they can feel and sense what they feel and sense and they get that right but they don't get to put things into context with the rest of the elephant. |
| 1:50.4 | And so that's kind of what I see going on in the cryptoland, right? |
| 1:54.2 | We call this the cryptocurrency industry or the blockchain industry and really if we |
| 1:59.7 | consider like ethereal and Bitcoin is blockchains. |
... |
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