SotN #2 - CHURNING; ETH bears wrong, Venmo loves crypto, Gas fees good

STATE OF THE NATION #2 - Tuesday, June 23, 2020

The State of the Bankless Nation is....CHURNING! The Bankless boys discuss why. 

Subscribe to get new episodes every Wednesday! (Get it 1 day earlier on Bankless YouTube!)

Watch the video here.

Covered:

1) Why isn't ETH pumping? (BEARS are wrong?) 

2) Venmo onboarding millennials to crypto (and just in time) 

3) Gas prices are bad (or are they good?)

We show you how:

1) See ETH locked in DeFi

2) Look at ETH/BTC transaction fee revenue using Coinmetrics

-----

GO BANKLESS WITH THESE SPONSOR TOOLS:

💸 RAMP - FIAT ONRAMP FOR DEFI (ONRAMP $100k FREE WHEN YOU MENTION BANKLESS)
https://ramp.network/

💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS
https://monolith.xyz/

🌈AAVE - LEND & BORROW YOUR CRYPTO W/O A BANK
https://aave.com/

📈MULTIS - BANK YOUR BUSINESS W/O A BANK! (1 MO TRIAL - JUMP QUEUE WITH "BANKLESS")
https://multis.co/

 
-----

RESOURCES:

1) Learn about Economic bandwidth:

Listen: https://bankless.substack.com/p/bankless-podcast-economic-bandwidth

Read: https://bankless.substack.com/p/the-trillion-dollar-case-for-eth

2) Read Protocol sink

Listen: https://bankless.substack.com/p/12-the-protocol-sink-thesis

3) Coinmetrics Transaction revenue chart

https://coinmetrics.io/charts/#assets=btc,eth_roll=7_left=FeeTotUSD_zoom=1279411200000,1592784000000

-----

ACTIONS:

1) Read the new Bankless Starters Guide

https://bankless.substack.com/p/-guide-1-starting-with-bankless

2) Subscribe to Bankless YouTube channel
https://www.youtube.com/c/bankless

3) Check out the Daily Gwei by our friend Anthony Sassano
https://thedailygwei.substack.com/
 

-----

Don't stop at the show!

Subscribe to the Bankless newsletter program

http://bankless.substack.com/

Visit the official Bankless website for resources

http://banklesshq.com/

Follow Bankless on Twitter

https://twitter.com/BanklessHQ

Follow Ryan on Twitter

https://twitter.com/ryansadams

Follow David on Twitter

https://twitter.com/TrustlessState

Follow DeFi Dad on Twitter

https://twitter.com/DeFi_Dad

-----

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 is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.