67 - The Altcoin Slayer | Eric Wall
Eric Wall is a prominent thinker and contrarian in the crypto space. He has an independent mind and is unafraid to bust through groupthink and act as an ideological razor for the crypto community.
In this episode, Eric dives deeply into a variety of profound takes on Bitcoin, Ethereum, and his approach to the community.
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Bankless Podcast #66: The Altcoin Slayer
Guest: Eric Wall
Eric Wall is CIO of Arcane Assets, and a well-known (and often infamous) writer and thinker in the crypto space. He has engaged in arguments with camps and tribes throughout the space, remaining unapologetically independent and committed to his values. Though a Bitcoiner at heart, Eric has come around on Ethereum as the ecosystem has matured.
In this episode, we dive into values and the ethos of crypto that Eric fights for. As a principled believer in trustless systems and decentralization, Eric walks through many of the big-picture obstacles and accomplishments of the crypto space. Viewing this landscape with a digital biologist's lens, we address these projects as digital organisms, following many of the same laws we see in nature. Wherever organisms exist, Darwin is nearby.
Eric brings a refreshing and unfiltered set of takes to the Bankless Podcast, reminiscent of other independent thinkers we've had on like Hasu. Regardless of your opinions on Eric, he represents an important part of the blockchain conversation. He serves as an ideological razor, giving no one the benefit of the doubt and prioritizing accountability and earned legitimacy.
Topics Covered:
0:00 Intro
4:45 Eric Wall, the Altcoin Slayer
7:45 The Term “Trustless”
16:58 Eric’s Approach to Crypto
22:50 Networks are Organisms
31:50 Survival of the Fittest
41:50 Bitcoin vs Layer 2
59:15 Tribes vs Facts
1:06:30 Eric’s ETH Journey
1:21:43 Thoughts on Proof of Stake
1:31:14 Is ETH Money?
1:40:58 What ETH Gets Wrong
1:53:55 Navigating the Frontier
2:01:00 Closing & Disclaimers
Resources:
Eric on Twitter
https://twitter.com/ercwl?s=20
Proof of Stake is Less Wasteful
https://ercwl.medium.com/proof-of-stake-is-less-wasteful-b2854a191766#:~:text=Image%20of%20a%20diesel%20generator,ever%20had%20on%20the%20platform.
ETH is Irreplaceable
https://newsletter.banklesshq.com/p/eth-is-irreplaceable
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://newsletter.banklesshq.com/p/bankless-disclosures