Bankless ROLLUP: Solana & Arbitrum Outages | OpenSea Front-Running | Elizabeth Warren Crypto
Sep 16, 2021
The hosts delve into the recent outages of Solana and Arbitrum, discussing their operational differences and the challenges blockchain faces during peak loads. They also analyze Bitcoin and Ethereum market trends, exploring significant price indicators and DeFi developments. Controversies arise with allegations of insider trading at OpenSea, alongside discussions on NFT culture and the importance of ownership in the digital age. Additionally, they highlight advancements in blockchain scalability and the growing significance of Ethereum in the financial landscape.
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OpenSea Insider Trading Allegations
- OpenSea's head of product, Nate Chastain, allegedly used insider knowledge to profit from NFTs.
- He bought front-page NFTs before listing and sold them after the hype spike.
Regulation and Financial Inclusion
- Elizabeth Warren questions crypto's financial inclusion claims due to high gas fees.
- She highlights the vulnerability of economically disadvantaged users during market drops.
ETH as Money and DeFi Legitimacy
- Cathie Wood's agreement with Bankless's ETH thesis validates their long-held views.
- This signifies a turning point for ETH as money and DeFi's potential to disrupt traditional finance.