Navigating the Shift to Decentralized Finance

Happy 1-year Anniversary to the Bankless Podcast! We sum up the show’s first nine episodes in this single canonical mega-podcast, updating our answers to the big questions – What Does It Mean To Go Bankless? What Is DeFi? How Do I Get started? ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  ------ GO BANKLESS WITH THESE SPONSOR TOOLS:

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------ Topics Covered

I. Why Are We Going Bankless? (0:00 - 29:09)

• Need for Self-Sovereign Money

• Current Banking System is Corrupt

II. How Crypto Fixes Money (29:10 - 41:45)

• Protocols are Credibly Neutral

• Universally Accessible

III. Crypto As A Parallel Financial System (41:46 - 1:00:42)

• What is Money?

• Parallel Monies, Parallel Tech

IV. The Bankless Money Stack (1:00:43 - 2:11:30)

• BTC & ETH Value Propositions

• The DeFi Value Proposition

V. Why Crypto Is Inevitable (2:11:31 - 2:34:24)

• Game Theory & Gresham’s Law

VI. How To Get Started (2:34:25 - 2:48:10)

• Get Crypto Money

• Take Self-Custody

• Start Using DeFi

VII. The Journey West (2:48:11 - 2:59:38)

• Once-In-A-Lifetime Multi-Decades Event

• The Bankless Journey is Ambitious, Risky, and Highly Rewarding

------ Resources:

Guide to Going Bankless: https://newsletter.banklesshq.com/p/-guide-1-starting-with-bankless 

St. Louis Fed Report https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets 

Designing Ethereum | Vitalik Buterin https://www.youtube.com/watch?v=-R0j5AMUSzA&t=6522s&ab_channel=Bankless 

Episode #2: The Evolution of Monetary Policy https://shows.banklesshq.com/p/episode-2-the-evolution-of-monetary 

------ 📣REGISTER FOR COINDESK CONSENSUS 2021 AND SAVE $20 W/ BANKLESS: http://bankless.cc/consensus2021  ------ CATCH UP ON BANKLESS:

🗞️ Weekly Rollup (3/5): https://shows.banklesshq.com/p/-rollup-3lau-and-grimes-nfts-paypal  🧢 Weekly Action Recap (3/6): https://newsletter.banklesshq.com/p/weekly-action-recap-177  🐦 Follow Bankless on Twitter: https://twitter.com/BanklessHQ 

----- 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