158: Coinbase’s Base Layer 2, ETH ETF (?), SBF, Gmail at 20 & The Matrix
Apr 3, 2024
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The podcast discusses Coinbase's Base Layer 2, potential ETH ETF, SBF's legal troubles, Gmail's 20th anniversary, and reflections on The Matrix movie. The hosts cover a range of topics from crypto developments to tech nostalgia.
Coinbase's Base Layer 2 reduces transactions costs, attracts users, and fosters creativity in projects.
Likelihood of Ethereum ETF approval faces regulatory complexities and low PolyMarket prediction chances.
Ethereum competes with Solana by balancing maturity, institutional adoption, and developer activity.
Deep dives
Base Layer Two Innovation on Ethereum
Base Layer Two on Ethereum mimics the network's infrastructure but bundles transactions at a different rate to reduce costs, making it more accessible. The transaction costs on Base Layer Two have significantly decreased compared to Ethereum Layer One, attracting more users. With Coinbase's distribution network, Base has gained traction faster than other Ethereum Layer Two solutions, fostering creativity and new projects, such as the successful Deejan token.
Ethereum ETF Approval Speculation
The podcast discusses the likelihood of an Ethereum ETF approval, drawing parallels with the Bitcoin ETF approval process and regulatory challenges. Despite market speculation, the PolyMarket prediction suggests low chances of an ETF approval by May 31st. Regulatory complexities regarding Ethereum's proof of stake and security status are key factors influencing the approval timeline.
Impacts on Ethereum Ecosystem from Competing Networks
The conversation delves into the evolution of Ethereum's ecosystem amidst competition from networks like Solana. While Solana attracts developers and projects due to its speed and innovation, Ethereum's maturity, institutional adoption discussions, and long-standing reputation position it as a more stable and institutional-friendly platform. The discussion highlights the ongoing balance of mindshare and developer activity between Ethereum and emerging networks like Solana.
Gmail Turns 20: Evolution of Email Platform
Gmail, celebrating its 20th anniversary, revolutionized email services by offering 1GB of free storage, a hundred times more than competitors at the time. The launch on April Fools' Day perplexed users due to the generous storage space provided. With over 1.2 billion users, Gmail sets a benchmark for email services with now common, almost unlimited storage options.
The Matrix Legacy: Themes and Business Tales
The Matrix, at 25, remains relevant with enduring themes and revolutionary storytelling. It introduced concepts like 'red pill vs. blue pill' and delved into transgender narratives ahead of its time. The Wachowski siblings, creators of The Matrix, overcame financial challenges to produce a blockbuster that reshaped sci-fi films. Keanu Reeves' altruistic gesture of sharing back-end profits with the crew showcases his humility and generosity in the film industry.
The NIA boys discuss Coinbase’s Base Layer 2, ETH ETF (?), SBF, Gmail at 20 & The Matrix
Timestamps:
(00:00:00) - Intro
(00:07:36) - Coinbase’s Base Layer 2
(00:28:22) - ETH ETF (?)
(00:39:20) - SBF Sentenced to 25 years
(00:45:31) -Gmail at 20
(00:55:29) - The Matrix
What Is Not Investment Advice?
Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.
