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Podcast

55 - Welcome To Bankless | 2021 Edition

What Does It Mean To Go Bankless? What Is DeFi? How Do I Get started?
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Mar 8, 20211 min read

This Week’s Episode marks the 1-year Anniversary of the Bankless Podcast. We sum up the show’s first nine episodes in this single canonical mega-podcast, updating our answers to the big questions – What Does It Mean To Go Bankless? What Is DeFi? How Do I Get started?


TIMESTAMPS

I. Why Are We Going Bankless? (0:00 - 29:29)

  • Need for Self-Sovereign Money
  • Problems in Legacy Finance

II. How Crypto Fixes Money (29:30 - 42:11)

  • Protocols are Credibly Neutral
  • An Accessible Parallel Financial System

III. What Does This Look Like? (42:12 - 1:14:11)

  • What is Money?
  • Cryptography & Your Keys

IV. The Bankless Money Stack (1:14:12 - 2:11:49)

  • Settlement Layer
  • Asset Layer
  • Protocol Layer
  • Application Layer
  • Aggregation Layer

V. Why Crypto Is Inevitable (2:11:50 - 2:24:59)

  • Game Theory & Gresham’s Law
  • The Triple Point Asset

VI. How To Get Started (2:25:00 - 2:33:22)

  • Get Crypto Money
  • Take Self-Custody
  • Start Using DeFi

VII. The Journey West (2:33:22 - 3:00:01)

  • Once-In-A-Lifetime Multi-Decades Event
  • The Bankless Journey is Ambitious, Risky, and Highly Rewarding

St. Louis Fed Report on Decentralized Finance

RESOURCES

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter 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.

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