79 - The Crypto Coalition | Ryan Selkis

Aug 23, 2021

Ryan Selkis, the Founder and CEO of Messari, dives deep into the evolving crypto landscape. He discusses the urgent need for political engagement as the industry faces intense regulatory scrutiny. Selkis shares his transformation into a single-issue voter, highlighting how crypto advocates must unify to combat government restrictions. The conversation reviews the growth of Ethereum and the complexities of aligning DeFi with existing regulations, ultimately stressing the importance of active participation in shaping future policy.

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INSIGHT

Government Inefficiency

The U.S. government's inefficiency can be advantageous for crypto's development.
It allows more time for innovation and adaptation compared to China's swift regulatory actions.

ADVICE

Exposing Corruption

Call out the government's projections of their own corruption onto the tech industry.
Their concerns often reflect their own behavior, not the reality of tech.

ADVICE

Political Engagement

Grade politicians on their crypto-friendliness.
Support allies, oppose enemies, and educate those in between.

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Ryan Selkis is the Founder and CEO the crypto data analytics platform Messari. Last time Ryan was on the podcast, we debated Ether’s properties as a money and the triple point asset thesis. We revisit many of these topics and explore what has changed in the landscape over the past year.

However, we also discuss a perhaps more pressing issue: the state of regulation for the industry. Ryan is poised to take a strong leadership role in the political side of crypto, and he’s developing offensive strategies for the crypto vs. nation-state conflict. Listen in to learn why he’s now a single-issue voter.

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Topics Covered:

0:00 Intro 4:00 Ryan Selkis of Messari 6:44 Ryan’s Broad Approach 12:41 Why Do They Hate Us? 18:13 “Protecting Us” 27:30 Single Issue Voters 35:49 It’s a Team Sport 45:00 Aligning with Regulators 54:00 Institutional Reactions 57:23 What the Markets Say 1:01:01 Ether as an Asset 1:08:40 The Flippening 1:10:44 Ethereum’s Narrative 1:13:53 Market Cap vs Money 1:17:37 Institutional Demand 1:19:55 Hot Sectors for Analysis 1:23:24 The Network State 1:26:41 Closing & Disclaimers

------ Resources:

Ryan on Twitter: https://twitter.com/twobitidiot?s=20 Ryan’s Tweet Thread: https://twitter.com/twobitidiot/status/1426020410370449410?s=20 Mainnet Event: https://mainnet.events/ Messari: https://messari.io/

----- 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