In this podcast, Guy Turner interviews Ryan & David from Bankless. They discuss topics such as creating crypto content, crypto industry mistakes, Ethereum & crypto cycles, and the impact of the bull market. They also touch on the differences between Crypto YouTube and podcasts, as well as the madness of crypto on social media.
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Quick takeaways
Ethereum's layered approach allows for the growth of diverse layer two solutions and contributes to its vision of a robust and scalable ecosystem.
Ethereum's size and long-term vision require a deeper understanding, but its fundamentals continue to grow and evolve.
Crypto media, like Bankless, plays a crucial role in holding industry figures accountable and building a transparent and accountable ecosystem.
Deep dives
The importance of having a pluralistic system in Ethereum
Ethereum's roadmap and vision are ambitious, with a focus on creating a pluralistic system that allows for the growth of diverse layer two solutions. While this approach may not be easily understood or appreciated in the short term, it sets the foundation for a more robust and scalable Ethereum ecosystem. Ethereum's layered approach also gives room for different chains to find their own flavor, autonomy, and ecosystem, ultimately contributing to the overall Ethereum vision.
The challenges of Ethereum's narrative and market perception
Ethereum often faces the challenge of being too big to be seen as a speculative bet and too slow in its roadmap to satisfy the short-term investing cycle. Its size makes it less appealing to those seeking quick gains, while its long-term vision requires a deeper understanding of its multifaceted nature. Additionally, the alternative layer one narrative has been more easily embraced due to its simplicity. However, Ethereum has shown resilience and has had its moments of recognition, indicating that its fundamentals are continuing to grow and evolve.
The importance of crypto media in uncovering industry truths
Crypto media, including podcasts like Bankless, have played a crucial role in holding industry figures accountable and uncovering important truths. The episode featuring the debate between Eric Voorhees and Sam Bankman-Fried shed light on the unraveling of SPF's facade and served as evidence of the industry's ability to self-police. The ability of crypto media to deliver valuable insights and challenge narratives contributes to the overall understanding of the industry and helps build a more transparent and accountable ecosystem.
Crypto Industry's Lessons from 2022
The podcast discusses how the crypto industry has learned from the events of 2022, which involved significant price action, blowups, and fraudsters being exposed. The guest believes that the level of fraud in 2022 was unprecedented and attributes it partly to the perception that fraud could go unpunished in the crypto industry. However, the guest also expresses optimism as the precedents set by legal actions and consequences for fraudulent activities in 2022 offer a foundation for a more mature and accountable industry.
The Journey of Ethereum and Lessons Learned
The guest reflects on the resilience and progress of Ethereum, recounting moments of uncertainty and skepticism about its future during previous cycles. The podcast emphasizes that the journey toward the widespread adoption of Ethereum and cryptocurrency in general is not without challenges and mistakes. However, the guest asserts that despite the volatility and social media fud, the core values and goals of the crypto community, including economic freedom, censorship resistance, and banking the unbanked, continue to unite and drive the industry forward.
Coin Bureau’s Guy Turner interviewed Ryan and David on November 15, 2023. We’re re-releasing this episode on our channels thanks to Coin Bureau. We hope you enjoy this meta-conversation of Ryan, David, and the Bankless brand. Happy Holidays!
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0:00 Intro 1:55 Crypto YouTube vs. Podcast 7:10 Creating Crypto Content 16:55 SBF vs. Erik Voorhees 32:50 Crypto Industry Mistakes 41:05 Ethereum & Crypto Cycles 55:43 Crypto, Social Media, Madness 1:03:00 Podcast Guests 1:09:00 Final Thoughts