The Trillion Dollar L2 Opportunity | Part One
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 4 May 2022
⏱️ 73 minutes
🧾️ Download transcript
Summary
This is part one of a two part Ryan and David masterclass on the trillion dollar L2 opportunity. L2 summer is right around the corner. Start preparing now. Part two will be airing tomorrow!
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Topics Covered:
0:00 Intro
5:30 Why to be Excited About L2s
8:38 Do L2s Cannibalize ETH?
16:33 L2 Fees
20:55 Difference in Rollups Fees
22:55 L1 Fees
29:29 The L2 Paradigm
32:05 Burning Explained
40:32 ETH Stake Rate
42:55 The Demand for ETH
51:55 L2’s Narrative Opportunity
56:45 The Security Budget
1:01:30 L2 Summer is Coming
1:06:10 Liquid Mining & Tokens
1:08:10 Summarizing Part One
1:12:30 Disclaimers
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Resources:
L2 GDP Map
https://twitter.com/RyanSAdams/status/1521503349773946882
Burn Leaderboard
https://ultrasound.money/
ETH Isn’t Expensive
https://twitter.com/RyanSAdams/status/1521471900836372481
Money Printer
https://moneyprinter.info/
Crypto Fees
https://cryptofees.info/
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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
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| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:10.2 | This is how to get started, how to get better, and how to front-run the opportunity. |
| 0:13.9 | This is Ryan Sean Adams. |
| 0:14.9 | I'm here with David Hoffman, and we are here to help you become more bankless. |
| 0:19.4 | Guys, there is a massive opportunity called an $1 trillion opportunity in the layer |
| 0:24.1 | 2 world. |
| 0:25.1 | We want to unpack it. |
| 0:26.1 | We're going to do that in two parts, in two episodes. |
| 0:29.0 | The first episode is the one you are about to hear. |
| 0:31.9 | We're going to talk about Ether economics in this episode. |
| 0:35.1 | What do L2s, the coming of L2s, do for the price of ETH, is it beneficial, is it parasitic? |
| 0:41.6 | Will we actually get in a layer 2 season with layer 2 tokens? |
| 0:45.8 | We unpack all of that. |
| 0:46.8 | Tomorrow's episode, there's going to be a part 2 where we talk about public goods, how |
| 0:51.0 | they are the killer app of these layer 2s, how you can work for these layer 2s and work |
| 0:56.7 | to receive public goods funding, and how layer 2s will ultimately win the battle for |
| 1:02.2 | hearts and minds using public goods funding and economics. |
| 1:06.3 | David, that episode is coming out tomorrow. |
| 1:08.6 | The one we are about to listen to is today. |
| 1:11.4 | I'm really excited about these episodes, and by the way, there's no guest. |
| 1:14.2 | It's just you and I. |
| 1:15.7 | What can Listern's expect to hear? |
... |
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