Edward Chancellor is a financial historian, journalist, and author of, "Devil Take the Hindmost: A History of Financial Speculation" and his latest, “The Price of Time: The Real Story of Interest”
The two books link together the history of money and finance, and human culture.
In today’s episode, we explore the ways in which money and finance is embedded deeper in our lives than we may have previously thought.
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✨ DEBRIEF | Unpacking the episode:
https://www.bankless.com/debrief-edward-chancellor
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✨ COLLECTIBLES | Collect this episode:
https://collectibles.bankless.com/mint
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We’re living in the era of Central Banker Capitalism, low interest rates and everything bubbles. Is this a new era? What does history tell us will happen next?
Edward Chancellor is going to help us answer these questions. And along the way, you’ll learn timeless lessons about interest, debt, and the time value of money.
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TIMESTAMPS:
0:00 Intro
8:24 Edward’s Book Overlap
19:32 Speculative Bubble’s Inevitability
26:27 Interest, Debt, & Loans
31:15 Debt Jubilee & Inflation
35:05 The Necessity of Inflation
41:55 The Natural Rate of Interest
53:35 The Everything Bubble
1:04:10 The Price of Time
1:07:38 Devil’s Take the Hindmost
1:10:40 Have We Learned From Past Bubbles?
1:17:30 Austrian vs. Keynesian Economics
1:21:20 Edward’s Thoughts on Crypto
1:38:50 Predictions: What Happens Next?
1:42:27 Closing & Disclaimers
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RESOURCES:
The Price of Time
https://www.amazon.com/Price-Time-Real-Story-Interest/dp/0802160069
Devil Take the Hindmost https://www.amazon.com/Devil-Take-Hindmost-Financial-Speculation/dp/0452281806
Primitive Money
https://www.elsevier.com/books/primitive-money/einzig/978-0-08-011679-2
Digital Chicago Plan - Column In Breakingviews
https://www.breakingviews.com/columns/digital-chicago-plan-fixes-many-financial-woes/
Irving Fisher 100% money
https://mises.org/library/100-money
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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
...
https://www.youtube.com/watch?v=yW7dweewPgo
2nd Week of July 2023
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⚖️ ARBITRUM | SCALING ETHEREUM
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?UNISWAP | ON-CHAIN MARKETPLACE
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Timestamps
0:00 RIPPLE VS SEC
Breaking News - https://twitter.com/tier10k/status/1679512873498816519?s=20
Explained - https://twitter.com/BillHughesDC/status/1679525517068759040?s=20
A Huge Win - https://twitter.com/adamscochran/status/1679515814272155648
Tom Emmer - https://twitter.com/GOPMajorityWhip/status/1679525171479150592?s=20
Richie Torres - https://twitter.com/RepRitchie/status/1679534903661301761?s=20
Coinbase Relisting - https://twitter.com/coinbaseassets/status/1679575239657758721
RSA Take - https://twitter.com/RyanSAdams/status/1679534121100476417?s=20
5:20 Waking Up Bullish
7:15 Permissionless
https://bankless.cc/GoToPermissionless
7:55 MARKETS
9:10 Bond Markets
Trad - https://www.visualcapitalist.com/ranked-the-largest-bond-markets-in-the-world/
New - https://coinmarketcap.com/view/staking/
Fed Funds Rate - https://panteracapital.com/blockchain-letter/bonds-down-crypto-up/
16:30 The Internet Bond
https://ultrasound.money/
23:22 Liquid Staking
https://www.bankless.com/whats-next-for-liquid-staking-2
31:25 Tokenized Treasuries
https://www.coindesk.com/markets/2023/07/11/tokenized-us-treasurys-surpass-600m-as-crypto-investors-capture-tradfi-yield
34:30 Bank of America Bullish
https://rsch.baml.com/access?q=s-i517792VNkDKydHLEioQ
35:20 Correlation with Stocks
https://panteracapital.com/blockchain-letter/bonds-down-crypto-up/
NEWS
41:00 Arkham Intelligence
https://twitter.com/ArkhamIntel/status/1678339355314900992
46:55 Technofascism
https://twitter.com/scott_lew_is/status/1678772359648641028?s=20
51:15 Are the Devs Leaving?
https://www.developerreport.com/blog/newsletter-20230706
53:12 Google Play NFT Policy
https://android-developers.googleblog.com/2023/07/new-blockchain-based-content-opportunities-google-play.html
55:45 Solana Phone
https://twitter.com/aeyakovenko/status/1679278533800235009?s=20
58:30 Linnea L2 to Mainnet
https://twitter.com/LineaBuild/status/1678738006646177793?s=20
1:00:13 Mantle Network
https://www.mantle.xyz/
1:01:20 Gitcoin Public Goods L2
https://twitter.com/pgn_eth/status/1676972199423668228
1:06:30 GHO Stablecoin Mainnet
https://app.aave.com/governance/proposal/?proposalId=268
1:10:25 EigenLayer Reopening
https://app.eigenlayer.xyz/
1:12:30 Vitalik Bitcoin Takes
https://cointelegraph.com/news/vitalik-buterin-ordinals-revived-developers-on-bitcoin
1:16:45 Gemini Suing DCG
https://twitter.com/cameron/status/1677327395869581316?s=20
1:17:22 Jay Clayton BTC ETF
https://twitter.com/DefiantNews/status/1678434627768446977
1:19:15 Rishi Likes Crypto
https://www.wired.co.uk/article/london-wants-american-crypto-refugees
1:21:1 Brazil Ethereum CBDC
https://twitter.com/vinibarbosabr/status/1678511772775374850?s=20
1:27:00 Questions from the Nation
1:30:00 TAKES
1:34:30 The Fink Effect
https://twitter.com/mskvsk/status/1677937403733106688
1:36:00 Still Using Venmo
https://twitter.com/ryansadams/status/1679236595105382402
1:42:00 Crypto is a Scam
https://twitter.com/RyanSAdams/status/1679077948463144961?s=20
1:45:50 MEME of the Week
https://twitter.com/spreekaway/status/1677316680588967937
1:46:45 The Daily Gwei
https://www.youtube.com/channel/UCvCp6vKY5jDr87htKH6hgDA
1:47:30 Where’s David?
https://twitter.com/TrustlessState/status/1678473614818156544?s=20
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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
...
https://www.youtube.com/watch?v=3ahX4PJpPbw
It's super important to beware of who you listen to! #shorts
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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
...
https://www.youtube.com/watch?v=QoMyBOwYLSs
Karl Floersch is the co-founder of Optimism, the Ethereum rollup scaling solution, as well as one of the primary advocates in the space for public goods funding.
Through his prolific body of work—as well as a boundless well of optimism and energy—Karl is a core beating heart of Ethereum culture, as well as a schelling point for values and ethos across the ecosystem.
We say it every episode: the code we write impacts the people who use it. Few embody this declaration more than Karl, whose deepest passion is building technological infrastructure to incentivize ethical behavior.
We also explore the concept of ‘Ether’s Phoenix,’ a hypothetical being that rewards you for manifesting it—directly contrasting the concept of Roko’s Basilisk (research at your own risk).
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⚡️ MAKER DAO | THE DAI STABLECOIN
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? BRAVE | THE BROWSER NATIVE WALLET
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Topics Covered:
0:00 Intro
5:00 Inspiration and Leaders
10:10 Road to Ethereum
16:13 For the Right Reasons
21:12 Embedding Values
28:35 The School of Fish
34:38 The Future Karl Sees
42:00 The Human Body Metaphor
47:44 The Decentralized Brain
52:25 Retroactive Public Goods Funding
57:14 Distributing Funds
1:01:08 Unprecedented Opportunity
1:04:59 R*ku’s B*silisk
1:08:39 Ether’s Phoenix (caw!)
1:15:40 A Just Utopia
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Resources:
Karl Floersch:
https://twitter.com/karl_dot_tech
Optimism:
https://twitter.com/optimismPBC
Ether’s Phoenix:
https://medium.com/ethereum-optimism/ethers-phoenix-18fb7d7304bb
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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://newsletter.banklesshq.com/p/bankless-disclosures
...
https://www.youtube.com/watch?v=60F2wtjZO5M
In this episode, Carly and special guest—Bankless’s David Hoffman—chat with former presidential candidate Andrew Yang about his recent launch of Lobby3, a web3 lobbying effort that’s combating poverty and a whole lot more.
Those in crypto know that regulation is right around the corner. However, large crypto companies and venture firms can’t be the only ones (nor is it always in their best interest) to be lobbying for the future of the crypto space.
Lobby3 is trying to advance economic opportunity and Web3 technology in Washington. How are they doing it? Why and how can you get involved? Find out that and so much more in the episode!
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? AXIE | PLAY, EARN, TRADE
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Timestamps:
0:00 Intro
4:30 The Origin of Lobby3
12:57 The Web3 & Andrew Yang Vibe
20:22 Older Generations x Politicians Understand Web3
30:44 Lobby3's Regulatory Framework
34:16 Yang’s DSA History
38:00 David’s Regulatory Concerns
43:57 The Ethos of Lobby3
49:04 Lobby3 Token
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Resources:
Andrew Yang’s Twitter
https://twitter.com/AndrewYang
Lobby3
https://www.lobby3.io/
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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://newsletter.banklesshq.com/p/bankless-disclosures
...
https://www.youtube.com/watch?v=z-QPgMLycyM