May 2, 2022
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode
https://shows.banklesshq.com/p/116-ethan-debrief
-----
Ethan Buchman is a fantastic human being, an Internet Biophysicist,
Monetary Localist, and Co-Founder at Cosmos. In addition, he is
President of the Interchain Foundation.
Today, he comes on Bankless to tell us why we’re wrong.
This episode’s dialectic explores the fate of the blockchain ecosystem—will we have a multi-chain sprawl of different protocols, or will we see a few chains with a power law distribution?
We dive into the value of monetary premium, set against the opposing side of monetary clearing and velocity.
And what does this all mean for security?
The ultimate answer we seek is how to avoid turning the world into a dystopia. On either side of the tyranny spectrum lies anarchy and autocracy, so perhaps the answer rests somewhere in the middle.
------
🚀 SUBSCRIBE TO NEWSLETTER:
https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST:
https://availableon.com/bankless
------
BANKLESS SPONSOR TOOLS:
⚖️ ARBITRUM | SCALED ETHEREUM
https://bankless.cc/Arbitrum
❎ ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across
🏦 ALTO IRA | TAX-FREE CRYPTO
https://bankless.cc/AltoIRA
👻 AAVE V3 | LEND & BORROW CRYPTO
https://bankless.cc/aave
⚡️ MAKER DAO | THE DAI STABLECOIN
https://bankless.cc/MakerDAO
🦁 BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave
------
Topics Covered:
0:00 An Internet Biophysicist
6:10 Why Is Bankless Wrong?
9:35 Network Topology
15:55 Co-op Full vs Bankless
23:06 Monetary Premium vs Clearing
33:25 Empires vs City-States
44:48 Discussing the EVM
51:59 The Role of Bitcoin
56:39 DeFi vs ReFi
1:00:49 Systems and Cycles
1:09:00 The Network Effect of Money
1:14:48 Mutual Exclusivity
1:19:34 Layer 2 vs Cosmos
1:26:38 Cooperative Democracies
1:32:31 Plutocracy
1:42:15 Chaos and Order
1:47:55 Closing & Disclaimers
------
Resources:
Map of Zones
https://mapofzones.com/
Debt: The First 5000 Years
https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years
Cosmos EVM
https://evmos.org/
-----
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