While it's still early in the race, Base is now one of Ethereum’s largest L2s.

In today’s episode, we brought back on repeat guest and co-creator of Coinbase’s L2, Base, Jesse Pollak.

We cover:
- How Base plans to bring billions of users onchain
- How Base is increasing its scale by 400x
- How Coinbase is using Base to be more onchain
- Onchain Summer II

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TIMESTAMPS

0:00 Intro
4:41 Base’s First 8 Months
9:23 The Road to 1 Giga Gas Per Second
18:39 Why More Demand For Base?
21:26 Cost to Send Transactions on Base
23:59 Non-Ethereum DA Solution?
25:59 Scaling Via L3s on Base?
27:17 Parallelization Solution?
29:34 Will Base Make Transactions Free?
38:18 Coinbase's Relationship With Base
46:18 Base Is Centralized Critique
50:17 The Base Flywheel
57:46 Onchain Summer II
58:36 Next Target Demo to Come Onchain
1:00:42 Base Independence
1:02:19 1 Billion People Onchain
1:03:25 Closing & Disclosures

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RESOURCES

Onchain Summer II
https://www.base.org/

Jesse Pollak
https://twitter.com/jessepollak

Jesse’s 1st Base Episode
https://youtu.be/7dGU0_eEjq8

Coinbase
https://twitter.com/coinbase

Base
https://twitter.com/base

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

“The U.S. is trying to disconnect from Ethereum," that’s what Joe Lubin the CEO of Consensys said in today’s conversation. He was talking about those in power trying to unplug Ethereum from the citizens.

The SEC is going after Kraken, Coinbase, Uniswap and Metamask. They’re trying to turn every non-custodial wallet into a broker-dealer.

We brought on Joe Lubin, a crypto OG and CEO of Consensys the company behind a number of massive crypto projects including the popular Metamask wallet, and Matt Corva, the General Counsel at Consensys, leading the charge against the SEC

Joe and Matt are producing evidence that the SEC is coming after Ethereum itself. Sending discovery requests to Ethereum core developers, threatening their employers - pushing a coordinated effort to claim Ether is a security so they can control it.

So Consensys is taking them to court to settle the issue. If they’re successful it’ll be the first time we get a clear court ruling that Ether is a commodity and not a security.

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TIMESTAMPS

0:00 Intro
6:35 SEC vs. Ethereum
9:45 The Uniqueness of This Case
11:15 88,000 Pages to the SEC
12:11 SEC Going After Devs?
14:47 The Wells Notice
16:27 ETH ETF
17:58 Outcome of Consensys Winning
21:29 U.S. Law Process & Timeline
25:55 Ether Isn’t a Security
34:50 Gary’s Confidence Conspiracy
41:17 MetaMask Isn’t a Broker Dealer
47:10 What is Prometheum?
51:10 How Can the SEC Win? What Happens to Crypto?
55:49 What the Crypto Community Can Do
59:50 What Happens Next?
1:03:15 Closing & Disclaimers

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RESOURCES

Consensys Complaint
https://consensys.io/crypto-regulations/defend-ethereum
https://assets.ctfassets.net/gjyjx7gst9lo/Bu1bK7DF3tSig9Atde0lM/2fcaadea2b111a8c3f3ebce4a6a2386c/Consensys_sues_the_SEC_in_defense_of_the_Ethereum_ecosystem.pdf

Joe Lubin
https://twitter.com/ethereumjoseph

Matt Corva
https://twitter.com/MattCorva

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

Eigenlayer token details are here! Don’t call it an Airdrop - This is a Stakedrop — because that’s the only thing you can do with your EIGEN tokens out of the gate.

15% of the total Supply of Eigen distributed over multiple Seasons, Season 1 starts today with 5% of the supply, and one of the most sophisticated set of smart contracts on Mainnet. EIGEN is not your typical ERC20 token. It’s got this feature called “Intersubjective Forking” that increases the scope of what Eigenlayer can provide security for.

In addition to the token details getting released, we’re also getting the Eigen Foundation, with a new director Robert Drost - who joins Sreeram today to walk us through everything you need to know.

Foundation Page:
https://eigenfoundation.org/

Claims Page:
https://claims.eigenfoundation.org/
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TIMESTAMPS
00:00:00 Start
00:03:39 What is a Stakedrop?
00:08:51 Allocation Details
00:15:53 Phase 1 and Phase 2
00:19:38 Locked Token Utility
00:24:30 When Are Tokens Unlocked?
00:31:04 Intersubjective Forking
00:36:30 Building WWIII Resistance
00:42:15 History Behind Their Decision
00:53:03 Eigenlayer Foundation
00:56:38 Future of Points
00:58:38 US Citizens Blocked
01:01:47 Token Allocation Thoughts
01:05:10 What's Next?

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RESOURCES
Foundation Page:
https://eigenfoundation.org/

Claims Page:
https://claims.eigenfoundation.org/

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

✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-jeremy-allaire-interview

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Joining the podcast today we have the man behind the largest US based stablecoin, Jeremy Allaire, the Founder of USDC Circle.

A year ago USDC depegged in the face of major banks like SVB and Silvergate collapsing. How did Jeremy deal with that? What year is crypto in internet years? Why don’t we have a venmo for crypto yet? Fast forward to 2030, what’s the total value of stablecoins?

Stay tuned because we ask all that and much more.

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TIMESTAMPS

0:00 Intro
5:47 SVB Crisis Reflections
24:00 Crypto Age in Internet Terms
31:15 The Future of Stablecoins
41:42 The Crypto Venmo
56:18 Blackrock’s BUIDL Fund
1:01:44 US Government
1:16:35 USDC vs Tether
1:22:00 Central Bank Stablecoins
1:28:14 Regulatory Protectionism
1:32:25 Closing Thoughts

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RESOURCES

Jeremy Allaire
https://twitter.com/jerallaire

USDXX - What backs a USDC?
https://www.blackrock.com/cash/en-us/products/329365/circle-reserve-fund

Circle
https://www.circle.com/en/

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

Erik Torenburg and Haseeb Quereshi join us for today's debate.

Should we accelerate or decelerate our tech progress? How about when it comes to something as powerful as AI? This is not just a debate in tech circles - this is a political debate that poised to define the next decade.

We’ve had leaders from both sides of the debate on the podcast - episodes with Elizer Yudkowski and Beff Jezos. You’ve heard what they think.

Today’s episode is a discussion and at times a debate on these opinions to help you think through where you stand on this issue - Haseeb Quereshi tends toward the EA side which favors more caution and regulatory intervention around AI while Erik Torenburg tends toward the e/acc side of the issue which favors faster progress and lighter touch.

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🔐 SAFE | USE SAFE, GET REWARDED
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⚖️ ARBITRUM | SCALING ETHEREUM
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🛞MANTLE | MODULAR LAYER 2 NETWORK
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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
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🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS
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TIMESTAMPS
00:00:00 Start
00:03:51 Intro To Haseeb and Erik
00:05:58 Definind EA
00:11:30 Reflecting on EA
00:19:23 Erik's Case For E/Acc
00:23:05 Defining E/Acc
00:27:18 The Problem with E/Acc & Humanism
00:34:20 How Big is This Debate Really?
00:46:31 AI Safety & Regulatory Capture
00:56:39 EA's Political Affiliation
00:59:43 Extinction Risk
01:11:04 Politicizing the Debate
01:19:56 The Pro Tech Case
01:24:08 Productive Tension
01:28:33 AI Ethics vs Safety
01:32:53 Pick a Side

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RESOURCES
Haseeb Qureshi
https://twitter.com/hosseeb

Erik Torenberg
https://twitter.com/eriktorenberg

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

✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-anthony-pompliano-interview

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Bankless Nation, we’ve finally got him… Anthony Pompliano is on the show. Pomp is an investor and media personality, best known to the crypto community for his relentless bitcoin evangelism.

Expect to learn about the Bitcoin Halving, the state of BTC EwTFs, the consequential institutional adoption and crypto tribalism. We wrap up the episode with a quick lightning round with Pomp and a peek into his 2024 investment portfolio.

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🔐 SAFE | ATTEND SAFE{CON}
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------
TIMESTAMPS

0:00 Intro
6:25 Bitcoin Halving
12:07 Institutional Adoption
24:08 Bitcoin ETF Aftermath
34:02 Institutional Dangers
41:49 Bitcoin Evangelism
49:44 Culture Wars
1:03:47 US vs Crypto
1:13:46 Bear Market Learnings
1:16:35 Pomp’s Focus
1:23:04 Pomp’s Portfolio
1:27:48 Lightning Round
1:31:59 Closing & Disclaimers

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RESOURCES

Anthony Pompliano
https://twitter.com/APompliano

The Pomp Letter
https://pomp.substack.com/

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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.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here:
https://www.bankless.com/disclosures