Is Crypto a Scam? with Crypto Skeptic Patrick McKenzie
Bankless21 Maalis 2024

Is Crypto a Scam? with Crypto Skeptic Patrick McKenzie

✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-patrick-mckenzie

------
Why do banks have holidays? Should we redesign the banking system? Is there a future for crypto?

Today we’re joined by Patrick McKenzie, an advisor at Stripe who writes about the modern financial system helps us answer these exact questions.

First, we talk about the inner workings of the existing banking system. Then we get into crypto, where Patrick shares his reasons for skepticism.

------
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium

------
BANKLESS SPONSOR TOOLS:

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

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

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

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

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

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

------
TIMESTAMPS

0:00 Intro
6:35 Patrick’s Background
9:48 Banking System Evolution
20:09 Banking Holidays
26:44 Financial System Redesign
40:12 Transactional Freedom Trade-offs
1:03:39 Crypto Slogans
1:11:36 Crypto Predictions
1:21:42 Closing Thoughts

------
RESOURCES

Patrick McKenzie
https://twitter.com/patio11

Check Out Patrick’s Blog
https://www.bitsaboutmoney.com/

Molly White Episode
https://www.youtube.com/watch?v=y9Itd3g23QI

------
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

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(1272)

ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

Google just dropped a major quantum warning for crypto, claiming a breakthrough that could accelerate the timeline to breaking Bitcoin and Ethereum’s core security. Ryan and David unpack what changed,...

3 Huhti 1h 4min

3 Megatrends Every Investor Needs to Know: Demographics, Wealth Inequality, & the End of Labor (with Jeff Park)

3 Megatrends Every Investor Needs to Know: Demographics, Wealth Inequality, & the End of Labor (with Jeff Park)

Three macro forces are converging that almost no one is pricing in correctly. Jeff Park returns to Bankless to lay out what he calls the "certain truths" shaping markets for the next two decades: coll...

30 Maalis 1h 27min

ROLLUP: The World is On the Clock | The Clarity Act | Crypto Mortgages | Bitmine Staking

ROLLUP: The World is On the Clock | The Clarity Act | Crypto Mortgages | Bitmine Staking

We examine the proposed Clarity Act and its impact on stablecoin yields and crypto finance. Ryan and David discuss geopolitical tensions in Iran and their effects on global markets.  Highlights incl...

27 Maalis 1h

The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

The Economics of AGI: Why Verification Is the New Scarcity w/ Christian Catalini

MIT economist Christian Catalini joins Ryan and David to unpack his new paper, "Some Simple Economics of AGI," which argues that the scarce resource in the AI economy is no longer intelligence but ver...

26 Maalis 1h 25min

Illia Polosukhin: Why AI Agents Are Still Useless (And What Fixes Them) | NEAR Founder on IronClaw

Illia Polosukhin: Why AI Agents Are Still Useless (And What Fixes Them) | NEAR Founder on IronClaw

NEAR founder and Transformer co-author Illia Polosukhin joins us to break down why today’s AI agents still fall short, what’s missing to make them actually useful, and how IronClaw could unlock secure...

24 Maalis 1h 17min

Ethereum’s Quantum Strategy with Justin Drake

Ethereum’s Quantum Strategy with Justin Drake

Quantum used to be crypto’s distant sci-fi problem. Justin Drake says it now has a clock. In this episode, we unpack what “Q-Day” actually means, why Justin thinks 2032 is the date the entire industry...

23 Maalis 1h 40min

ROLLUP: Crypto Momentum | Regime Shift? | Payments War | Prediction Boom | SBF on Netflix

ROLLUP: Crypto Momentum | Regime Shift? | Payments War | Prediction Boom | SBF on Netflix

Ryan and David break down a historic week for crypto as the SEC and CFTC finally deliver long-awaited clarity, classifying major tokens and reshaping the market. At the same time, Bitcoin is outperfor...

20 Maalis 1h 9min

Tempo Mainnet: The Race to Agentic Commerce

Tempo Mainnet: The Race to Agentic Commerce

Tempo Mainnet is live, but this episode isn’t really about just another chain launch. It’s about a bigger claim: that AI agents are about to need native money, and that the internet may need a new pay...

19 Maalis 1h 19min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
viisupodi
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-ootsa-kuullut-tasta
rss-vaalirankkurit-podcast
rss-podme-livebox
tervo-halme
rss-asiastudio
rss-pinnalla
aihe
the-ulkopolitist
rss-ulkopoditiikkaa
otetaan-yhdet
rikosmyytit
lotta-paakkunainen
rss-kaikki-uusiksi
rss-hyvaa-huomenta-bryssel
rss-girls-finish-f1rst