Cello Layer 2: Advantages and Real-World Adoption

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This chapter discusses the game-changing Cello Layer 2 proposal, highlighting its advantages and the growing real-world adoption of Cello with over 500% increase in active addresses. It emphasizes low gas fees, ability to pay for gas using ERC 20 tokens, and the community-governed nature of Cello's ecosystem.

Is software eating the nation state? Technologies like crypto and AI are about to fundamentally restructure society from the bottom up. We brought economist and writer, Sam Hammond on to predict how society will be reorganized under this new paradigm and how those in power will respond.

Sam Hammond is an economist for the Foundation for American Innovation, a think tank advising policies in DC whose slogan reads, “Build Tech. Promote Freedom.” Freedom and Tech. We like those two things on Bankless - and we're also concerned with the project of how to protect them in a world where software starts to eat the nation state (and the nation state feels threatened).

------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-sam-hammond

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------ TIMESTAMPS

0:00 Intro 6:48 Sam’s Take on Crypto 9:50 Nation State’s Hate on Crypto 14:53 Post-Printing Press 20:55 Crypto, AI, & The Internet 25:40 Tech Good, Bad, or Neutral? 32:03 Bracing For Impact & Tech Debt 38:15 Nation State Competition 46:39 Dangerous Tech 50:00 The Network State 1:04:55 AI Executive Order 1:12:28 China’s AI Approach 1:15:20 AI’s Double Edged Sword 1:33:45 AI & The Leviathan 1:48:23 What Technology Winning Means? 1:50:58 Closing & Disclaimers

------ RESOURCES

Sam’s Substack, “Second Best” https://www.secondbest.ca/ AI & The Leviathan https://www.secondbest.ca/p/ai-and-leviathan-part-iii

The Dynamist - Podcast https://podcasts.apple.com/us/podcast/the-dynamist/id1528920211 Eliezer Yudkowski Episode https://www.bankless.com/159-were-all-gonna-die-with-eliezer-yudkowsky

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠