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.

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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

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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

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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/

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