I started as an entrepreneur. I didn't sleep much. I didn't exercise. I didn't eat well.I was ragged. And you know, in those environments, like you brag that you only got three or four hours of sleep because you want to be seen with high status among your group, that you work very hard. You don't really need sleep.Like you're you're beyond that. And so I got depressed. I got hopelessly depressed.Now, fortunately, I sold my company, made a bunch of money, and I realized that I was trapped in that cultural sy ...

We are potentially at the end of what has been a couple hundred year run of how we understand ourselves in society. And when you look at the things that precipitated the change, it's usually where the system falls apart and is no longer just able to serve the purposes it it created. So for example, capitalism was meant to solve scarcity, which it has, but it's led [music] to compulsion.and democracy was meant to do freedom of choice, but addiction is now so [music] prevalent, we're slaves to that which surr ...

Ethereum Scaling & Decentralization - Ethereum aims to optimize its stack for validators to verify rather than execute, potentially reaching gigagas capacity and approximately 10,000 TPS [1] - Lean Ethereum proposes zk proofs in under 12 seconds with on-prem provers around 10 kW, enhancing decentralization [1] - The roadmap includes EthProofs race, a four-phase path to mandatory proofs, and EIP-7938 targeting three-times-a-year gas adjustments [1] - Native rollups could potentially remove gas ceilings for Layer 2 solutions [1] - Fossil is mentioned in the context of seconds-level finality and post-quantum signatures [1] Sponsors & Compensation - Bit Digital (NASDAQ: BTBT) is mentioned as having an ETH treasury [1] - Bankless is being compensated by Bit Digital (NASDAQ BTBT) for promoting their company and BTBT with a one-time cash payment [1] Resources & Disclosures - Justin Drake of the Ethereum Foundation is a key resource [1] - Lean Ethereum is further detailed in a blog post on ethereum.org [1] - Investment disclosures are available on bankless.com [1]

Monetary Policy & Market Impact - The market's current operating principle is likened to the 1970s, but the Fed raising rates to 6% today would devastate the stock market, housing market, and Treasury market [1] - Empirical evidence suggests Treasury market dysfunction has been observed multiple times before reaching 5% in the last 5 years [2] Debasement & Investment Strategy - The debasement trade is considered a secular trend rather than a temporary event, implying a long-term perspective [3] - The recommended investment strategy is to buy dips rather than sell rallies, indicating a bullish outlook [3] - While 20-30% corrections are possible, they do not signal the end of the market [2] Currency & Debt - The current situation is characterized as a currency issue stemming from choices made over the last 30 years with borrowed money [3]

Key Concepts of x402 Protocol - x402 is a new protocol designed to revive the "Payment Required" status code for crypto-powered microtransactions across the web [1] - x402 aims to transform how machines, AI agents, and humans pay for internet resources [1] - The protocol has the potential to reshape online business models beyond traditional advertising [1] - x402 could unlock a new economy of autonomous agents and programmable commerce [1] - Merit Systems is actively involved in the development and implementation of x402 [1] Micropayments and Internet Evolution - Micropayments were initially envisioned as part of the internet's infrastructure [1] - Technology to effectively implement micropayments has only recently become available [1] - x402scan is a resource for exploring x402 transactions [1] Bankless Sponsorship and Disclosures - Bankless was compensated by Bit Digital (NASDAQ: BTBT) to promote their company and BTBT [1] - Compensation was a one-time cash payment [1] - Investment disclosures are available on the Bankless website [1]

Okay, so somebody asked Pal. They were like, "Hey Pal, is AI in a 1990s style tech bubble?" What do you think he said. >> Uh, I don't know.>> You know what he said. This is an actual quote. This is different. >> This time is different. >> He didn't say this time.He said this is different. He said in the sense that these companies, the companies that are so highly valued, actually have earnings and stuff like that. Stuff like that.So Powell's like, "No, there's some earnings here." In contrast to the 2000's ...

In addition to all of the things that Pal was doing with Easy Money, he said in the committee's discussions in this meeting, there were strongly differing views about how to proceed in December. And he said this, "A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it." Okay. >> Okay.Wait, so the last time we brought up the poly market to talk about Fed rate cuts, we were like, "And then we can go to the next one." We are currently at the next one. When we c ...

Prediction Markets vs Sports Books - Prediction markets are likely to overtake sports books due to more accurate data and information, as individuals may possess more knowledge than sports analysts [1] - Gen Z (16-25 age group) prefers online prediction markets over traditional sports books in places like Las Vegas [1] Potential Collaboration - Traditional sports books (e g Caesars, MGMs) may seek collaboration with prediction market platforms to avoid obsolescence and relevance [1] - Sports books recognize the growing power and influence of prediction markets and the need to integrate them [1]

If I'm going to do something, I'm going to be 2 feet in. And I've chose to do that in web 3 in crypto because I get an excitement. It gives me the same adrenaline rush that I had for like a game seven in NBA Finals.That's what crypto gives me. That burning sensation inside. So, >> is that why you're here. That's why I'm here. I'm here for the risk.I'm here for the adrenaline. >> Well, it's it's the excitement of what the future will look like for me, right. Like in the future that I see in the space, right. ...

Crypto Adoption & Trends - NBA star Tristan Thompson and Coinbase CLO Paul Grewal discuss the increasing interest of professional athletes in Bitcoin, crypto, and onchain prediction markets [1] - The discussion covers stablecoin rewards following the Genius Act, highlighting the industry's focus on consumer yield and staking [1] - Tristan Thompson introduces his new onchain application, basketballfun, indicating a move towards integrating crypto with sports and entertainment [1] Regulatory Landscape - The conversation addresses the regulatory paths for prediction markets, comparing the CFTC's approach with state-level regulations [1] - The report mentions "Anti-Crypto Democrats," suggesting political challenges and varying opinions on cryptocurrency within the government [1] - The report references Gary Gensler's deleted texts, potentially hinting at scrutiny and transparency concerns within regulatory bodies [1] Company & Product Promotion - Bankless promotes Fraxnet for minting, redeeming, and earning [1] - Bankless promotes Uniswap for swapping on Unichain [1] - Bankless promotes Mantle as a modular L2 network [1] - Bankless promotes KGEN, encouraging users to request a demo [1] - Bit Digital ($BTBT) is promoted for its ETH treasury, with Bankless disclosing compensation for promoting the company [1]