roll-ups

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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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 

On today’s episode we have Bitcoin wizard, David Seroy on the show! He’s an armchair researcher in the Bitcoin rollup ecosystem. He really likes Bitcoin, and he really likes projects that are building on Bitcoin. 

We’ve got a lot of questions on Bitcoin today, especially those that revolve around Bitcoin L2s. Are they real? David’s got answers.

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

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

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⁠https://bankless.cc/Arbitrum

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30
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TIMESTAMPS

0:00 Intro
9:18 Bitcoin L2 Rollup Support? 
https://twitter.com/david_seroy/status/1749508724274946514  
12:56 Bitcoin Renaissance? 
19:07 ETH vs. Bitcoin Scalability 
21:18 Why The Bitcoin Community 
25:34 The Bitcoin Rollup Pitch
30:14 Explaining Bitcoin Rollups
38:39 BitVM
47:03 Are L2s on Bitcoin’s Blockchain?
56:13 Exciting Bitcoin Projects
59:32 Are There More Bitcoin Daves? 
1:02:53 Closing & Disclaimers  

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RESOURCES

David Seroy (Bitcoin Dave)
https://twitter.com/david_seroy 

BitVM whitepaper
https://bitvm.org/bitvm.pdf  

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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 

Are L2 tokens worthless governance coins? Will they accrue value? Are L2 tokens bullish? Ryan and David dive into the details in this week’s episode of Bankless Takes. 

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

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

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

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TIMESTAMPS & RESOURCES

0:00 Intro
3:03 L2s Numbers
https://www.growthepie.xyz/fundamentals/daily-active-addresses 
https://l2beat.com/scaling/summary 
https://defillama.com/chains 
16:55 Tokens Worthless?
https://x.com/RyanSAdams/status/1745919415604883725 
32:30 P/E Ratios
36:05 Token Valuations
38:40 Alt-L1 Bull Case 
44:40 Summarizing 
47:00 Closing & Disclaimers

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Not financial or tax advice. See our investment disclosures here:
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WRU 4th Week of September 

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⚖️ ARBITRUM | SCALING ETHEREUM
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🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle ⁠

🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap 

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

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TIMESTAMPS & RESOURCES

0:00 Intro
2:50 MARKETS
9:15 Fed Rate - No change! (5.25-5.5%)
https://www.nytimes.com/live/2023/09/20/business/fed-meeting-interest-rates 
12:10 U.S. Americans Own Crypto?
https://www.coinbase.com/blog/a-call-to-action-mobilizing-52-million-crypto-owners-into-an-army-of-1 
15:20 Ethereum’s 1st Merge anniversary! 
https://twitter.com/sassal0x/status/1702629393984803041?s=46 
16:25  Bye bye ultra-sound money? 
https://ultrasound.money/#gas 
17:30 L1 is shrinking, but layer-2 networks are maintaining healthy activity 
https://l2beat.com/scaling/activity 

20:39 Are all the chains moving to Ethereum?
Rollup Migration to Ethereum - 3 New Ethereum Rollups coming from non-Ethereum ecosystems
21:00 1.1 - Astar Network 
Sandeep Take 
https://twitter.com/sandeepnailwal/status/1701990949319254345 
23:00 1.2 - Canto
https://twitter.com/CantoPublic/status/1703809950290718871 
24:00 1.3 - Eclipse 
https://twitter.com/EclipseFND/status/1704178668543824309 
27:35 Ryan Take
https://twitter.com/RyanSAdams/status/1703882356468117703 
28:40 Mert Take
https://x.com/0xMert_/status/1704229795079365101 
30:00 Frankie Take
https://twitter.com/frankieislost/status/1704262750405587248 

37:58 SEC is coming after the Stoner Cats - Gary. V. Cats
https://www.sec.gov/news/press-release/2023-178
https://x.com/MikeSeligEsq/status/1701978172487606665 
https://twitter.com/loopifyyy/status/1701966597445874124 
44:00 Hester Pierce Dissented! - Chief Disenting Officer
https://twitter.com/NFTherder/status/1702057933389836293 
46:25 SEC warns more charges coming to exchanges and DeFi 
https://www.coindesk.com/policy/2023/09/19/us-secs-crypto-enforcement-chief-warns-more-charges-coming-to-exchanges-defi/

49:13 New Airdrop! Optimism also announced OP Airdrop #3
https://twitter.com/optimismFND/status/1703837786703335672 
50:10 POL Token is coming! MATIC becoming POL.
Polygon 2.0 implementation kicked off! 
51:00 https://twitter.com/0xPolygonLabs/status/1702280764677578755 
1st PIPs: MATIC to POL and launch of Polygon’s new staking layer! 
https://polygon.technology/blog/polygon-2-0-implementation-officially-begins-the-first-set-of-pips-polygon-improvement-proposals-released 
51:25 Arbitrum is restarting Odyssey 
https://twitter.com/arbitrum/status/1704173003825615353 
52:10 Conduit opening Support for Arbitrum: 
https://x.com/KAndrewHuang/status/1704848429883732256 

53:18 Coinbase earned 570 ETH of MEV as a result of Curve hack. Should they return it?
https://www.coindesk.com/tech/2023/09/15/coinbase-inadvertently-earned-1m-due-to-hack-but-hasnt-reimbursed-victims/? 

57:10 Is Ethereum finally getting a privacy L2? Maybe soon?
https://twitter.com/aztecnetwork/status/1704433376525242474 

58:25 Infura in its progressive decentralization era
https://blog.infura.io/post/progressive-decentralization-of-the-rpc-layer-centralization-to-federation? 

59:10 FTX sues SBF’s parents - eating their own aims to claw back some of the $26 million in gifts and property
https://storage.courtlistener.com/recap/gov.uscourts.deb.188450/gov.uscourts.deb.188450.2642.0.pdf 
https://www.cnbc.com/2023/09/19/sbfs-parents-sued-by-ftx-for-millions-of-dollars-in-misappropriated-funds.html 

1:00:30 Mark Cuban lost $870,000 in a wallet hack - everyone’s getting hacked
https://twitter.com/WazzCrypto/status/1702820716343624168 

1:03:38 New ETH ETFs 
https://twitter.com/JSeyff/status/1701612412456280467 
1:03:45 Grayscale ETH Futures ETF
https://cointelegraph.com/news/grayscale-files-for-new-ethereum-futures-etf 

1:06:25 Questions From The Nation

1:15:30 Takes
https://x.com/matthuang/status/1704608186723119329 
https://www.paradigm.xyz/2023/09/casino-on-mars 
Where do you store your wealth? 
https://x.com/TrustlessState/status/1703986421378245024 

1:19:50 What Are We Bullish On
https://www.bankless.com/choose-your-bull-market-character-class 

1:24:55 Meme of the Week
 
1:26:15 Risks and Disclosures

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

This might be the dankest livestream we’ve done to date. Vitalik Buterin, Dankrad Feist, and Protolambda join Tim Beiko to discuss all things Danksharding and Proto-Danksharding.

Sharding what? Don't worry. By the end of this conversation, you’ll know how sharding has evolved over time, why danksharding is possible, how proto-danksharding will get deployed, and so much more.

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Topics Covered:

0:00 Intro & Danksharding Explained
7:00 Panelist’s Backgrounds
8:34 How Sharding Has Evolved
15:56 Why Danksharding is Possible
23:40 Proto-Danksharding
27:15 Data Availability
35:40 Data Availability Sampling
48:00 Cryptography for Noncryptographers
56:10 How Does All of This Get Deployed
1:00:05 The Big Open Questions in Sharding Land
1:05:30 Closing Thoughts

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Resources:

Vitalik
https://twitter.com/VitalikButerin 

Dankrad
https://twitter.com/dankrad 

Protolambda
https://twitter.com/protolambda 

Tim Beiko
https://twitter.com/TimBeiko 

Proto-Danksharding
https://www.eip4844.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://newsletter.banklesshq.com/p/bankless-disclosures