214 - L2 Tokens: Bullish or Bearish? with Sassal, Jordi, & Ippolito
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 18 March 2024
⏱️ 92 minutes
🧾️ Download transcript
Summary
✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-l2-tokens/
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Are Layer2 Tokens bullish or are they just worthless governance tokens?
We’ve brought a team of expert panelists to help us answer that exact question.
Mike Ippolito, Jordi Alexander and Anthony Sassano explore Layer2 business models, where value is accrued and how to capture that upside.
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TIMESTAMPS
0:00 Intro
7:50 L2 Value Capture
13:37 Short-Term vs Long-Term
17:30 L2 Business Model
28:24 Worthless Governance Tokens?
42:04 Immutable & Base
53:40 Vertically-Integrated Chains
1:05:24 Do L2s Need Tokens?
1:15:38 L2 Experimentation
1:32:44 Capturing L2 Upside
1:38:44 Closing & Disclaimers
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RESOURCES
L2Beat
https://l2beat.com/scaling/summary
ETH in 2024
https://www.youtube.com/watch?v=0rPF8zNnfnE
Anthony Sassano
https://twitter.com/sassal0x
Mike Ippolito
https://twitter.com/MikeIppolito_
Jordi Alexander
https://twitter.com/gametheorizing
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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://www.bankless.com/disclosures
Transcript
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| 0:00.0 | You mentioned the high evaluations of like these layer 2s right now like you actually do a DCF on them right now and yeah |
| 0:05.2 | They're losing money on paper right massively a bleeding money on paper and they shouldn't be worth what they're worth |
| 0:10.1 | But I think ballmarket things obviously but also that kind of like shelling point premium too. |
| 0:14.6 | I'll just buy that because it's a lazy thing and most people want to be lazy about it. |
| 0:17.8 | Like I'll just buy that. |
| 0:18.8 | Don't have to think too hard about it. |
| 0:19.8 | And that's why things like meme coins are popular too. |
| 0:21.8 | Ah, you know, I like a meme coin because it's just easy to buy. |
| 0:24.0 | There's a dog with a hat on it. |
| 0:26.0 | I'll buy that, cool, you know. |
| 0:27.0 | So there's a lot of that going on, and that's why we see these absurd valuations. |
| 0:31.0 | But I think, again, long term term that kind of reality sets in. Welcome to Bankless, where we explore the frontier of Internet money and the Internet finance. |
| 0:45.0 | Today we explore the frontier of Layer 2s. |
| 0:48.0 | This is Ryan Sean Adams. |
| 0:49.0 | I'm here with David Hoffman and we're here to help you become more bankless. |
| 0:53.3 | Guys, we did a panel about two months ago on 2024, Ether, the Asset. |
| 0:58.4 | We brought the same panelists on that episode. |
| 1:00.8 | Now we're running it back. |
| 1:01.8 | This time, we've got layer two's |
| 1:04.0 | under the microscope so we have Mike Eppolito we've got Jordi Alexander and we've got |
| 1:08.1 | Anthony Sasano in what I think is an expert panel on where layer two's are going and how these tokens |
| 1:13.8 | might extrism values so a few things we covered today. Number one, what's the |
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