The Trillion Dollar L2 Opportunity | Part Two
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 5 May 2022
⏱️ 61 minutes
🧾️ Download transcript
Summary
This is part two of a two part Ryan and David masterclass on the trillion dollar L2 opportunity. A paradigm shift unlike any other is unfolding at this very moment. Countless crypto newcomers wish they started experimenting with parts of space sooner vs. later. There’s still time, though. Especially as it pertains to L2s.
Tune in to learn more about what makes this opportunity so immense, how to take advantage of it, what it means for the future of the space, and so much more.
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Topics Covered:
0:00 Intro
5:30 Public Goods Explained
14:00 The Fault of Block Rewards
19:40 Where the Money Comes From
23:50 Types of Public Goods Taxes
27:25 Good vs. Bad MEV
28:55 Where Revenue Goes
32:40 Retroactive Public Goods
44:30 Public vs. Private Investing
46:30 The Untapped Potential
53:40 Public Goods Building Ideas
56:23 The Opportunities
58:05 Disclaimers
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Resources:
Part One
https://youtu.be/HMFxgTbY_9Y
Tascha Labs
https://twitter.com/TaschaLabs
Optimism
https://www.optimism.io/
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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://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. |
| 0:13.8 | This is Ryan Sean Adams. |
| 0:14.8 | I'm here with David Hoffman, and we're here to help become more bankless. |
| 0:19.4 | Guys, we have a sequel to our excellent episode from yesterday. |
| 0:23.2 | This is part two of the episode on the bull case for layer two, the trillion dollar case |
| 0:30.0 | for layer two. |
| 0:31.4 | Just to recap, part one we did yesterday, if you haven't listened to that podcast, go |
| 0:35.6 | listen to that. |
| 0:36.6 | I think it's helpful context for part two today. |
| 0:39.6 | In part one, we covered ether economics in an L2 world. |
| 0:44.4 | What L2, that is layer two's, will do for the price of eth, and we asked the question, |
| 0:49.6 | will we get a layer two season, with all of the new layer two tokens that are coming. |
| 0:53.6 | Today's episode is all about public goods. |
| 0:57.0 | Public goods are the new alpha. |
| 0:59.2 | David calls this a trillion dollar opportunity as well. |
| 1:02.6 | We're going to talk about how L2s are going to compete. |
| 1:06.2 | How some L2s are going to beat other L2s with growth and adoption through public goods |
| 1:12.0 | funding. |
| 1:13.0 | Here's what the opportunity comes in. |
| 1:14.8 | We talk about how you can become a public goods entrepreneur. |
| 1:18.5 | Also, how do we become a public goods investor? |
... |
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