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

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

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

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

Charts

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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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Don’t stop at the video show!

Subscribe to the Bankless newsletter program
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Visit the official Bankless website for resources
http://banklesshq.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 is not tax advice. Talk to your accountant. Do your own research.

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