# 55 - Welcome To Bankless | 2021 Edition

*Author: David Hoffman*
*Published: Mar 8, 2021*
*Source: https://www.bankless.com/-welcome-to-bankless-2021-edition*

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**This Week’s Episode** marks the 1-year Anniversary of the Bankless Podcast. We sum up the show’s first nine episodes in this single canonical mega-podcast, updating our answers to the big questions – What Does It Mean To Go Bankless? What Is DeFi? How Do I Get started?

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#### TIMESTAMPS 
**I. Why Are We Going Bankless?** (0:00 - 29:29)

- Need for Self-Sovereign Money
- Problems in Legacy Finance
**II. How Crypto Fixes Money** (29:30 - 42:11)

- Protocols are Credibly Neutral
- An Accessible Parallel Financial System
**III. What Does This Look Like?** (42:12 - 1:14:11)

- What is Money?
- Cryptography & Your Keys
**IV. The Bankless Money Stack** (1:14:12 - 2:11:49)

- Settlement Layer
- Asset Layer
- Protocol Layer
- Application Layer
- Aggregation Layer
**V. Why Crypto Is Inevitable (**2:11:50 - 2:24:59)

- Game Theory & Gresham’s Law
- The Triple Point Asset
**VI. How To Get Started** (2:25:00 - 2:33:22)

- Get Crypto Money
- Take Self-Custody
- Start Using DeFi
**VII. The Journey West **(2:33:22 - 3:00:01)

- Once-In-A-Lifetime Multi-Decades Event
- The Bankless Journey is Ambitious, Risky, and Highly Rewarding

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![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/public/images/917d9c3b-b0ab-4fc1-aa3f-ab59d57da693_749x385.jpg)*[St. Louis Fed Report on Decentralized Finance](https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets)*

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#### RESOURCES
- [🌅 Field Guide 1: ](https://bankless.ghost.io/-guide-1-starting-with-bankless/)*[Going Bankless Starter Guide](https://bankless.ghost.io/-guide-1-starting-with-bankless/)*
- [🔴 Field Guide 2: ](https://bankless.ghost.io/-guide-2-using-the-bankless-badge/)*[Using the Bankless Badge](https://bankless.ghost.io/-guide-2-using-the-bankless-badge/)*
- [🛠️ Field Guide 3: ](https://bankless.ghost.io/-guide-3-tactics-and-tools/)*[Tactics & Tools Index](https://bankless.ghost.io/-guide-3-tactics-and-tools/)*
- 👨‍👩‍👧‍👦 Bankless Socials: [Twitter](https://twitter.com/BanklessHQ?s=20) | [Instagram](https://www.instagram.com/banklesshq/) | [Reddit](https://www.reddit.com/r/bankless/) | [TikTok](https://www.tiktok.com/@banklesshq) | [Facebook](https://www.facebook.com/banklesshq/)