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Bankless

55 - Welcome To Bankless | 2021 Edition

Bankless

Bankless

Tech News, Technology, News

4.7 • 1.2K Ratings

🗓️ 8 March 2021

⏱️ 180 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Happy 1-year Anniversary to the Bankless Podcast! We sum up the show’s first nine episodes in this single canonical mega-podcast, updating our answers to the big questions – What Does It Mean To Go Bankless? What Is DeFi? How Do I Get started?
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🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 
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Topics Covered

I. Why Are We Going Bankless? (0:00 - 29:09)

  • Need for Self-Sovereign Money

  • Current Banking System is Corrupt

II. How Crypto Fixes Money (29:10 - 41:45)

  • Protocols are Credibly Neutral

  • Universally Accessible

III. Crypto As A Parallel Financial System (41:46 - 1:00:42)

  • What is Money?

  • Parallel Monies, Parallel Tech

IV. The Bankless Money Stack (1:00:43 - 2:11:30)

  • BTC & ETH Value Propositions

  • The DeFi Value Proposition

V. Why Crypto Is Inevitable (2:11:31 - 2:34:24)

  • Game Theory & Gresham’s Law

VI. How To Get Started (2:34:25 - 2:48:10)

  • Get Crypto Money

  • Take Self-Custody

  • Start Using DeFi

VII. The Journey West (2:48:11 - 2:59:38)

  • Once-In-A-Lifetime Multi-Decades Event

  • The Bankless Journey is Ambitious, Risky, and Highly Rewarding

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Resources:

Guide to Going Bankless:
https://newsletter.banklesshq.com/p/-guide-1-starting-with-bankless 

St. Louis Fed Report
https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets 

Designing Ethereum | Vitalik Buterin
https://www.youtube.com/watch?v=-R0j5AMUSzA&t=6522s&ab_channel=Bankless 

Episode #2: The Evolution of Monetary Policy
https://shows.banklesshq.com/p/episode-2-the-evolution-of-monetary 

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CATCH UP ON BANKLESS:

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🧢 Weekly Action Recap (3/6): https://newsletter.banklesshq.com/p/weekly-action-recap-177 
🐦 Follow Bankless on Twitter: https://twitter.com/BanklessHQ 

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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.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Bankless, where we explore the frontier internet money and internet finance.

0:19.2

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

0:24.3

This is Ryan Sean Adams.

0:25.3

I'm here with David Hoffman, and we're here to help you become more bankless.

0:30.6

David, I'm really excited about this episode.

0:33.1

First things first, happy birthday to bankless.

0:36.4

Happy birthday to bankless.

0:38.4

It has been a fantastic year of the bankless podcast, and this is the one-year anniversary episode.

0:46.1

And so what we are doing is we're going back all the way to the very beginning,

0:50.1

and redoing the Welcome to Bankless podcast episode.

0:53.9

But we're doing it with a year of education, a year of better precision, and a year of

1:00.1

just more overall information about what it means to go bankless, and the tools at our

1:05.2

disposal to do so.

1:06.9

I think this is going to be a great recreation of what I think was already a fantastic episode,

1:12.2

but it's important to keep these things updated because the cryptocurrency industry

1:15.4

moves so incredibly fast, and both you and I, Ryan, are one year smarter, and one year

1:20.4

in crypto is a lifetime outside of crypto.

1:23.1

So this episode is going to be really fun.

1:24.7

Yeah, David, you know, in order to prepare for this, I went through and I listened to

1:27.5

a bunch of our early episodes, like the first eight or so episodes.

1:31.4

And you know, like, we were just getting started on this, so there were some rough patches,

1:36.4

but I was also amazed at how well it held up.

...

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