132 - Polynya's Crypto Thesis

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Aug 15, 2022

Polynya, a pseudonymous writer and crypto researcher renowned for coining "modular blockchain," dives deep into their broad crypto thesis. They discuss EIP-4844 and its potential to revolutionize Ethereum scalability through proto-dank sharding. The conversation also touches on value dynamics between layer one and layer two, exploring the optimistic yet cautious outlook towards DeFi and gaming. Polynya shares their unique perspective on anonymity in crypto while critiquing tribalism in the space, creating a thoughtful dialogue on the future of blockchain.

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ANECDOTE

Ideal Voice Actor

Polynya's ideal voice actor would be Maggie Chung, a Hong Kong actor known for subtle expressions.
Polynya appreciates Chung's ability to convey emotion through gestures and captivating voice.

INSIGHT

Polynya's Anonymity

Polynya uses pseudonyms to separate hobbies and initially aimed to address misinformation about scaling solutions.
They intended to write a few posts and disappear, but continued due to community engagement and impact.

INSIGHT

Polynya's Interests

Polynya's primary interests and work are in arts, entertainment, and culture.
A 32-hour work week allows more time for diverse hobbies.

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This conversation has been a long time coming. Polynya is a pseudonymous writer, investor, and crypto researcher.

Polynya coined the term “modular blockchain” and has been influential on 100 different crypto topics, most notably on rollups, though they’re quick to point out that rollups are no longer their main focus.

This is a unique episode, in which Bankless DAO’s Eureka John acts out Polynya’s voice based on a 5-hour text-based discord interview. Tune in as we explore Polynya’s fascinating mind, covering their broad crypto thesis, EIP-4844, and the future of Ethereum Scalability.

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------ Topics Covered:

0:00 Intro 9:00 Polynya the Anon 13:45 Polynya IRL 20:05 Cautious Optimism 25:35 Polynya’s Crypto Thesis 29:58 Accruing Value at the L1 31:54 Bitcoin vs Ethereum 33:30 Alt-L1s and Decentralization 35:10 Everything is Finance 38:10 Layer 2 Value Capture 41:33 Rollups vs ETH 45:30 Increasing L2 Demand 47:40 Layer 2 Tokens 52:45 A Symbiotic Relationship 56:08 Cosmos and Alt-L1s 58:45 App-Specific Chains 1:00:30 All Just Chains and Bridges 1:02:14 Why Cardano Rocks and Sucks 1:04:23 Cults and Tribalism 1:05:20 Changing Crypto 1:06:54 Changing the World 1:07:35 Polynya’s Message 1:08:30 Thank You Polynya

------ Resources:

Polynya on Twitter: https://twitter.com/apolynya?s=20&t=4Cws8vmOo7v2mRmI8mGyfw

Polynya’s Writing: https://polynya.medium.com/

Modular Blockchains: https://newsletter.banklesshq.com/p/ultra-scalable-ethereum

Eureka John: https://twitter.com/EurekaJohn1?s=20&t=ws5GNZKUSZtegsJQkvcuAg

----- 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.