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Bankless

3 - Economic Bandwidth

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 16 March 2020

⏱️ 70 minutes

🧾️ Download transcript

Summary

Episode: #3
March 15th, 2020

While the internet revolution is all about data, the crypto revolution is all about value. Scaling the internet is all about scaling data bandwidth, but scaling crypto is all about economic bandwidth. 

Join Ryan and David as they explore the concept of economic bandwidth and how it relates to crypto-systems.

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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.

0:19.6

This is how to get started, how to get better, and how to front run the opportunity.

0:23.6

This is Ryan Sean Adams. I'm here with David Hoffman, and we're here to help you become more bankless.

0:29.6

Hey David, how are you doing this morning?

0:31.6

Doing pretty good, doing pretty good. Really excited for this episode.

0:34.6

The first two episodes of this podcast, I feel, have really just

0:38.4

led right into this topic that we're going to talk about today. Economic bandwidth, a really

0:43.8

important topic. Another phrase that you coined, which the community seems to have run with.

0:49.2

So I'm really excited to peel back the layers of this one. Yeah, so my, this is a fantastic topic.

0:55.2

So we are recording this on Thursday morning, and there are other events at hand.

0:59.9

What is going on in the market, my friend?

1:02.0

What's happening with crypto?

1:03.1

What's happening just with Corona?

1:04.5

What's happening in general?

1:05.6

Well, what's happening is that the economic bandwidth of these systems is going down, big

1:10.3

time, which we will explain in this later

1:14.3

part of the episode.

1:15.3

But it seems that coronavirus is a real thing.

1:18.4

And it's impacting all markets equally across the board.

1:22.2

Yeah.

1:22.4

So what's going to happen?

1:24.1

So part of me wrote a post in bankless earlier this week on not panicking,

...

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