crypto taxes

On today's episode of Bankless Takes we're exploring the current state of crypto's social layer. Are we in this for the right reasons, or has crypto lost the plot?

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TIMESTAMPS
00:00 Start
05:16 The Worst Memecoins
10:37 How We Got Here
https://x.com/reganbozman/status/1769775181722190293?s=46 

13:56 Have We Lost The Plot?
https://polynya.mirror.xyz/ptscXuh3J3KOj2uJAn0vrEanpn2nauwA7iytYZ4cM9U 

19:39 Celebrating Criminals
https://x.com/laurashin/status/1772407168760713454?s=20 
https://x.com/TrustlessState/status/1772313252183126314?s=20 
https://x.com/TrustlessState/status/1772428935206183082?s=20 

26:55 Long Term Focus
https://twitter.com/RyanSAdams/status/1772320119504449592?s=20 

31:10 Don't Ignore The Bad, Pursue The Good
https://twitter.com/nic__carter/status/1771980083667861734?s=20 

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

Today on the show we have two guests debating the merits and costs of crypto memecoins. Ledger (Brian Krogsgard) from the UpOnly podcast thinks that memecoins are financial nihilism that creates room for bad actors and grifters. Stephen Cesaro, from the Alfalfa Podcast, thinks memecoins are something to appreciate and celebrate.

Which side are you on?

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BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30
https://bankless.cc/CTC 

🦄 UNISWAP | SWAP SMARTER
https://bankless.cc/uniswap 

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TIMESTAMPS

0:00 Intro
8:35 Ledger’s Memecoin Arc
11:53 Stephen’s Memecoin Arc
13:20 $DOGE vs. $BTC
18:38 Tokenization of Memes
22:28 Memecoin Intent & Transparency 
33:24 Memecoin Theory & Practice 
44:30 Investing in Brands
51:55 Reframing Memecoins
56:27 Memecoins vs. Scams
1:09:01 Closing & Disclaimers

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RESOURCES

Ledger
https://twitter.com/ledgerstatus 

Stephen
https://twitter.com/0xmagiclines 

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

In today’s episode, we do a shared sequencing deep dive with repeat guest, Mr. Moonmath himself, the Blockchain Brainiac, and the Ethereum Evangelist– Justin "The Juggernaut" Drake. Justin is joined by The Sultan of Sequencing, the Espresso Emperor, the Cross-Rollup Connoisseur himself, Ben, the Blockchain Barista Fisch.  

Where the fragments of Ethereum threaten to turn the digital ecosystem into a maze of confusion, these two men stand tall, illuminating the way, to come and save us from the labyrinth of Ethereum’s rollup-centric roadmap. 

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BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2     ⁠ 

🦄UNISWAP | SWAP SMARTER
https://bankless.cc/uniswap  

🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo    

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku    

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle    

⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum

💸CRYPTO TAX CALCULATOR | USE CODE BANK30
https://bankless.cc/CTC 

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TIMESTAMPS

0:00 Intro
6:09 Goals For the Episode
8:32 Sequencing / Sharing Explained 
15:13 Ethereum’s Arc 
18:20 Shared Sequencing Obstacles 
23:52 Network Effects & the Cold Start Problem
32:54 MEV Redistribution 
45:25 Reserve Price
46:45 Loss of Sovereignty 
54:34 Espresso Announcement!  
1:03:52 Fast L2 Finality 
1:09:52 Real-Time, Recursive Proving, & Hardware 
1:13:32 Flash Loans & Snark Proving 
1:15:38 Low Latency Finality
1:17:08 Censorship Solutions
1:21:50 Discussing the Downsides
1:35:38 Known Unknowns of the Future
1:39:46 Closing & Disclaimers

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RESOURCES

Justin Drake
https://twitter.com/drakefjustin  

Ben Fisch
https://twitter.com/benafisch 

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

Nic Carter rejoins the podcast to discuss Bitcoin’s second civil war. When did it begin? Where are the party lines drawn? How will it end? Possible solutions? David and Nic dig into all of these questions and much more. 

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https://bankless.cc/SUI-podcast 

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🎧 Listen On Your Favorite Podcast Player: 
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BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle   

⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30
https://bankless.cc/CTC 

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TIMESTAMPS

0:00 Intro
7:30 The Bitcoin Civil War
10:32 Defining Side Lines 
14:14 No Core Consensus 
17:13 Filtering Out Transactions & Expressivity 
22:39 Season Two 
26:16 Lightning Doesn’t Work?
29:16 Ordinals & Bitcoin L2s 
32:49 The Future of Bitcoin Core
35:16 Covenants Explained 
37:26 Bitcoin Venture Capital
48:26 BitVM
51:64 Bitcoin Block Philosophy 
1:02:10 Bitcoin Expressivity Going Too Far 
1:07:36 Bitcoin Ideology
1:10:12 Closing  

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RESOURCES

Nic Carter
https://twitter.com/nic__carter  

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

In today's episode, we're talking about what’s hot on Arbitrum. Three Arbitrum experts are here to help guide us through what's new in the Arbitrum ecosystem.

The Arbitrum metrics are HOT. 2022 was not the best year for crypto, but they were for L2s, and especially for Arbitrum! Tune in to learn why and how Arbitrum is shaping the future of L2s, gaming, and NFTs as we know it.

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BANKLESS SPONSOR TOOLS:

KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
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UNISWAP | ON-CHAIN MARKETPLACE
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️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum 

EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS
https://bankless.cc/earnifi 

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Timestamps:

0:00 Intro
8:11 What is Arbitrum Doing Right?
15:20 GMX
17:03 Arbitrum Culture
24:30 Treasure's Expansion
29:30 Culture vs. Technology of Chains
31:42 The Bankless Thesis
36:00 GMX's Hooks
38:20 DeFi Activity
43:37 Community Engagement
48:00 The Nintendo of Web3
51:50 Building Along Treasure & Arbitrum
57:53 What's Holding the Ecosystem Back?
1:03:55 What is Beacon?
1:07:00 PFPs in Arbitrum
1:12:00 Token Alpha
1:13:50 Closing & Disclaimers

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Resources:

Karel Vuong - Co-Founder & COO, Treasure
https://twitter.com/karelvuong 

Diego Vidaurre - Co-Founder & CEO of The Beacon
https://www.linkedin.com/in/diego-vidaurre-schaffer-6989a1120 

Coinflipcanada - Core contributor to GMX
https://mobile.twitter.com/coinflipcanada 

Massive Arbitrum Acquisition!! with Steven Goldfeder & Preston Van Loon
https://youtu.be/PmWeXVRPeic 

How to Gain Exposure to Arbitrum
https://newsletter.banklesshq.com/p/how-to-gain-exposure-to-arbitrum 

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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 

Today's episode is a snippet of a conversation I have regularly with Matt Kalish on the Props and Drops podcast. We're bringing it to you here because I feel like theres a ton of value you can gain from it. Right now, and as NYC NFT has come to an end its clear to me that a large majority of the NFT community is not being honest about why they buy and sell NFTs. They often tell us that it's about the "art" or decentralization or contributing to a bigger cause when it's really just about the money. Which is OKAY, and a perfectly fine place to be in, I just feel we need to have a more honest conversation.

Enjoy! Let me know what you thought.

Tweet Me! @garyvee

Text Me! 212-931-5731

My Newsletter: garyvee.com/newsletter

Check out my new NFT project: veefriends.com

Join the VeeFriends Discord: https://discord.gg/veefriends

Checkout my new co-hosted podcast with DraftKing’s founder--Matt Kalish on all things sports, business, and alternative investing: https://linktr.ee/propsanddropspod

The crypto market has come a long way in recent years. But it's still far less efficient than your typical established market. To understand more about crypto market structure, we spoke with Sam Bankman-Fried. Sam is a former international ETF trader at the prop shop Jane Street Capital. Now he's building a crypto empire with his hedge fund Alameda Research as well as his own exchange called FTX. He talks us through his path into the industry and how it works more broadly.

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