Why This Cycle is Cooked | DH + RSA
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 9 May 2024
⏱️ 53 minutes
🧾️ Download transcript
Summary
Today we explore David's idea that this cycle is cooked and Ryan has some question starting with... what does that even mean?
On this week's episode of Bankless Takes we answer that question and so much more as we take a deep dive into token distributions and how they're playing out this time around.
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TIMESTAMPS
00:00 Intro
01:30 Why Record This Episode?
06:01 Why There Are Structurally Bad Vibes
15:47 Why it's Like This
29:14 The Problem With The Points Meta
38:29 Recent Airdrop Issues
47:21 Where Do We Go From Here?
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RESOURCES
VC Capital - https://imgur.com/KKqMWBe
Sell Pressure - https://twitter.com/pythianism/status/1784958268420522195
Chris Dixon Take - https://a16zcrypto.com/posts/article/memecoins-tokens-regulation-policy/
LayerZero - https://x.com/LayerZero_Labs/status/1786441554816532646
Hayden Take - https://twitter.com/haydenzadams/status/1786784808187621874
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Not financial or tax advice. See our investment disclosures here:
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Transcript
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| 0:00.0 | Bankless Station, we got a Bankless Takes episode for you today. |
| 0:06.8 | This is an episode of Hot Takes. |
| 0:08.2 | Take Merleam. |
| 0:09.2 | The Take Today. |
| 0:10.2 | Why David thinks this cycle is cooked. |
| 0:13.0 | We gotta explain what you mean by that David. |
| 0:15.0 | Those are some strong words coming from. |
| 0:18.0 | Also, I think we're gonna explain the bad vibes that |
| 0:21.0 | that CBP happening in crypto right now. It's like no one's happy and I think you're going to give us an explanation for why. |
| 0:26.9 | Also, there's something to do with token distribution and the dynamic between the VCs versus the people and finally I hope we conclude with what happens next how this all resolves or maybe doesn't resolve. Before we get into the takes a moment to talk about our friends and sponsors |
| 0:44.4 | transporter a new bridging app over 2.8 billion dollars has been hacked from |
| 0:49.9 | token bridges that's about 40% of all the value that's been hacked in Web3. |
| 0:54.3 | Transporter is built by C. C. C. I. P. Chain Links to CCIP technology in the background |
| 0:58.8 | to help securely bridge your assets from chain to change. So users can bridge ETH, link, USEC and all the other assets. |
| 1:05.0 | Transporter. I. Oh, there is a link and its show notes to try out Transporter. |
| 1:10.2 | David, do you ever see that Jason Statham, transporter movie? |
| 1:14.0 | You made like three of them. |
| 1:15.0 | 2,000 era. |
| 1:16.2 | Right, yeah, and they increasingly started jumping the shark |
| 1:19.0 | more and more and more, but that was kind of point. |
| 1:20.7 | Yeah. |
| 1:21.7 | This is not that, but this is how I feel like when I'm bridging in crypto. |
... |
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