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Bankless

ROLLUP: SBF Found Guilty | Solana Dominance | Celestia Airdrop

Nov 3, 2023

01:25:31

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Snipd AI

Discussion of SBF's guilty verdict, Solana's dominance, and Celestia's airdrop. Gary Gensler's actions against PayPal and his birthday wishes to Bitcoin. Stablecoin supply increase and potential legal implications. Fungibility of money and Sam Bankman-Fried's risk management mistakes. IRS comments, mainnet launches, and SafeMoon executives' arrest. Launch of Celeste and TIA airdrop. Controversy surrounding SafeMoon and SEC actions. Zero knowledge machine learning on the blockchain. The need for more user-focused applications in crypto.

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Sam Bagman-Fried denies knowledge of Alameda Research's financial troubles and claims to have trusted the wrong people.

Nick Carter offers a bounty for open source analysis in response to the Wall Street Journal's misrepresentation of crypto's involvement in funding terrorism.

Celeste's mainnet launch values its token TIA at $2.7 billion, signaling the potential of data availability networks for roll-ups.

Deep dives

Sam Bagman-Fried takes the stand in his trial

Sam Bagman-Fried, the founder of FTX, testified in his trial, denying knowledge of Alameda Research's financial troubles and claiming to have trusted the wrong people.

1.

Introduction

4min

2.

Late Night Chats, Gary Gensler vs. PayPal, Celestia Mainnet Launch, Solana's Rise, and a Phishing Scam

3min

3.

Bitcoin Dominance and Gary Gensler

18min

4.

Stablecoin Supply and Legal Implications

4min

5.

Sam Bankman-Fried's Testimony and Risk Management Mistakes

16min

6.

IRS Comments, Mainnet Launch, Elon Musk on NFTs, SafeMoon Execs Arrested, and Sponsors

4min

7.

Mainnet Launch of Celeste and TIA Airdrop

2min

8.

Safe Moon Controversy and SEC Actions

12min

9.

Zero Knowledge Machine Learning on the Blockchain and On-Chain ZKML Legos

4min

10.

The Need for More User-Focused Applications in Crypto

20min

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🔗 CELO | CEL2 COMING SOON https://bankless.cc/Celo

------ TIMESTAMPS & RESOURCES

0:00 Breaking: SBF Found Guilty https://twitter.com/RyanSAdams/status/1720260173304893734?s=20

SBF and Eric Debate: https://www.youtube.com/watch?v=Ytaa_5liwMA

6:56 MARKETS https://pro.kraken.com/app/trade/btc-usd https://bitcoin.org/bitcoin.pdf https://www.tradingview.com/symbols/BTC.D/

9:59 Gary's HBD Wish To Bitcoin https://x.com/GaryGensler/status/1719393827620876406?s=20 https://twitter.com/DocumentingBTC/status/1719087893061181649

13:10 Celebrating Bitcoin https://twitter.com/RyanSAdams/status/1719362025397117271?s=20

16:38 Solana https://twitter.com/pythianism/status/1719731735049482598?s=46 https://www.coinglass.com/LiquidationData https://x.com/TrustlessState/status/1719775068828668389?s=20 https://x.com/TrustlessState/status/1719731518514323487?s=20

20:24 $COIN https://www.tradingview.com/chart/?symbol=NASDAQ%3ACOIN

21:34 US GDP Growth https://www.cnbc.com/2023/10/26/us-gdp-grew-at-a-4point9percent-annual-pace-in-the-third-quarter-better-than-expected.html https://www.cnbc.com/2023/11/01/fed-meeting-november-2023-.html

23:08 Stablecoin Liquidity https://twitter.com/nic__carter/status/1717976711663333846?s=20 https://twitter.com/RaoulGMI/status/1718622637084008929

27:18 SBF Takes The Stand https://i.guim.co.uk/img/media/ecc3d1babd84f2082ff315222d7ef8397813ca41/0_227_3024_1815/master/3024.jpg?width=620&dpr=2&s=none https://x.com/jillrgunter/status/1719132933141995847?s=20

35:04 Nic Carter vs WSJ https://x.com/nic__carter/status/1717622001014067417?s=20 https://x.com/ArkhamIntel/status/1719363225827922004?s=20 https://x.com/mpier2000/status/1718653964017950802?s=20 https://x.com/SamLyman33/status/1719364757596057813?s=20 https://x.com/SamLyman33/status/1717587105709167097?s=20 https://x.com/nic__carter/status/1719137811541205042?s=20 https://x.com/nic__carter/status/1717997939140722758?s=20

43:29 Bankless Nation vs IRS! https://twitter.com/TheDailyShow/status/1719686561569108447 https://x.com/_jamico/status/1719167848936009866?s=20 https://twitter.com/DavidSacks/status/1719436981086900530

47:42 Celestia Airdrop https://twitter.com/CelestiaOrg/status/1719361585989492800?s=20 https://x.com/nickwh8te/status/1719644381265952841?s=20 https://coinmarketcap.com/currencies/celestia/

49:37 Safemoon https://www.justice.gov/usao-edny/pr/founders-and-executives-digital-asset-company-charged-multi-million-dollar

51:12 Coinbase Wallet Updates https://x.com/brian_armstrong/status/1717265147721666816?s=20

52:08 Kraken zkSync https://x.com/BanklessHQ/status/1719834663689265494?s=20

43:12 Elon Musk on NFTs https://twitter.com/nftnow/status/1719479171120791823?s=46 https://twitter.com/nftnow/status/1719479171120791823?s=46

56:10 Elon gives X 1 year to go Bankless https://www.theverge.com/2023/10/26/23934216/x-twitter-bank-elon-musk-2024

58:16 Paypal Receives Subpoena https://www.sec.gov/Archives/edgar/data/1633917/000163391723000156/pypl-20230930.htm

58:59 Dune AI https://x.com/DuneAnalytics/status/1720035727386292328?s=20

1:01:12 Bankless Ventures https://x.com/ModulusLabs/status/1719749763753730118?s=20 https://www.youtube.com/watch?v=tbyTymGWCak&list=PLmkdAgtxf3ajRnlG3qBgW0RHDET-kmpk7&index=9

1:05:26 Questions From The Nation https://discord.com/channels/615592155481767941/1058053004705669211/1168431522076966912 https://twitter.com/RyanSAdams/status/1719430444653990350 https://polynya.mirror.xyz/m-_0l9vcYPIMv6Hmk77q949ZCVDh8MNfaAwi5JeNrPc https://vitalik.eth.limo/general/2022/12/05/excited.html

1:12:37 Take of The Week https://imgur.com/aTCkirc

1:17:11 What Are We Bullish On https://x.com/QwQiao/status/1720014402043208053?s=20 https://x.com/RyanSAdams/status/1719728312702943376?s=20

1:21:11 Meme of The Week https://twitter.com/BanklessHQ/status/1720165186227839388/photo/1

1:23:18 Moment of Zen https://x.com/kylascan/status/1719843914843074938?s=20

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

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