The Chopping Block: All About That Base With Jesse Pollak - Ep. 535

Unchained

Laura Shin

Business News, News, Tech News

4.6 • 1.3K Ratings

🗓️ 24 August 2023

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, Coinbase’s Jesse Pollak talks about the ambitious goals of Base, the new Optimism–based blockchain from the publicly traded crypto giant. With the viral success of Base-based Friend.Tech, Jesse discusses the Base team’s ambitious goals to onboard “a million builders, a billion users.” Is this the long-heralded path to scaling Ethereum? Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: why Jesse says it’s still “day one” for Base the reason behind Base’s “one million developers, one billion users” slogan what the advantages of Base are compared to other layer 2 blockchains how Base accounts for the fact that it doesn’t have a token to incentivize developer activity how MEV bots represent a big part of the transactions on Base, especially with the emergence of Friend.Tech why Friend.Tech found early success despite being similar to previous efforts Jesse’s response to the fact that fault proofs are not live on any of the OP Stack chains how much of the revenue generated by Coinbase’s sequencer will be distributed to Optimism whether Base and Optimism Mainnet compete with each other how layer 2 chains are choosing different design paths and how that differentiates them Hosts Haseeb Qureshi, managing partner at Dragonfly Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Tarun Chitra, managing partner at Robot Ventures Guest Jesse Pollak, lead contributor at Base Disclosures Links Unchained: Coinbase Launches a New Layer 2 on Ethereum CoinDesk: Social Platform Friend.tech Gains 100K Users in Days Even in Depths of a Bear Market TechCrunch: Friend.tech hype is skyrocketing, but will it actually reach the stars? Decrypt: Base Daily Transactions Outpace Ethereum on Friend.tech Frenzy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Not as dividend, it's a tale of two puns.
0:02.4	Now, your losses are on someone else's balance.
0:05.2	Generally speaking, air drops are kind of pointless anyways.
0:07.8	I manage trading firms who are very involved.
0:10.6	I like that eat the ultimate problem.
0:12.8	DeFi protocols are the antidote to this problem.
0:16.8	Hello, everybody. Welcome to the chopping block.
0:18.6	Every couple of weeks, the four of us get together
0:20.2	and give the industry insider's perspective
0:21.8	on the crypto topics of the day.
0:23.4	So, quick and chose first to get Tom,
0:25.0	the DeFi Maven and Master of Memes.
0:26.6	Next, we've got Robert, the crypto connoisseur,
0:28.2	and the czar of Super State.
0:29.8	Then we've got Turun, the Gigabrain, and Grand Puba at Conlet.
0:33.0	And today, we've got a special guest, Jesse Pollock,
0:35.8	the layer two Linchpin and Leader of Base.
0:38.2	And finally, I'm the seed that had high-managed Dragonfly.
0:40.8	We're early stage investors in crypto,
0:42.0	but I want to caveat that nothing we say here
0:43.4	is investment advice, legal advice, or even life advice.
0:46.0	Please see chopping block that XYZ for more disclosures.
	...

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