# 116 - Why Bankless Is Wrong | Ethan Buchman - Cosmos

*Author: Ryan Sean Adams*
*Published: Apr 30, 2022*
*Source: https://www.bankless.com/es/116-why-bankless-is-wrong-ethan-buchman*

---

![audio-thumbnail]()116 - Why Bankless Is Wrong | Ethan Buchman - Cosmos0:00/0:001×⬆️* Join [Bankless Premium](#/portal/signup) to listen to the **Ad-Free** version of this episode and [the exclusive Debrief](https://bankless.ghost.io/116-ethan-debrief) to hear Ryan & David’s unfiltered takes on this episode. *🚀

[Subscribe now](#/portal/signup)
---
**Ethan Buchman** is a fantastic human being, an Internet Biophysicist, Monetary Localist, and Co-Founder at Cosmos. In addition, he is President of the Interchain Foundation.

Today, he comes on Bankless to tell us **why we’re wrong**.

This episode’s dialectic explores the fate of the blockchain ecosystem—will we have a multi-chain sprawl of different protocols, or will we see a few chains with a power law distribution?

We dive into the value of monetary premium, set against the opposing side of monetary clearing and velocity.

And what does this all mean for security?

The ultimate answer we seek is how to avoid turning the world into a dystopia. On either side of the tyranny spectrum lies anarchy and autocracy, so perhaps the answer rests somewhere in the middle.

---

#### 🎙️ **[NEW PODCAST EPISODE](https://youtu.be/Vbomgw-PGRE)**
[Listen to podcast episode](http://podcast.banklesshq.com/) | [Apple](https://podcasts.apple.com/us/podcast/bankless/id1499409058) | [Spotify](https://open.spotify.com/show/41TNnXSv5ExcQSzEGLlGhy) | [YouTube](https://youtu.be/Vbomgw-PGRE) | [RSS Feed](http://podcast.banklesshq.com/rss)

---

### Bankless Sponsor Tools:
⚖️ **ARBITRUM** | SCALED ETHEREUM
[https://bankless.cc/Arbitrum](https://bankless.cc/Arbitrum)

❎ **ACROSS** | BRIDGE TO LAYER 2
[https://bankless.cc/Across](https://bankless.cc/Across)

🏦 **ALTO IRA** | TAX-FREE CRYPTO
[https://bankless.cc/AltoIRA](https://bankless.cc/AltoIRA)

👻 **AAVE V3** | LEND & BORROW CRYPTO
[https://bankless.cc/aave](https://bankless.cc/aave)

⚡️ **MAKER DAO** | THE DAI STABLECOIN
[ https://bankless.cc/MakerDAO](https://bankless.cc/MakerDAO)

🦁 **BRAVE** | THE BROWSER NATIVE WALLET
[https://bankless.cc/Brave](https://bankless.cc/Brave)

---

#### RESOURCES
- [Map of Zones](https://mapofzones.com/)
- [Debt: The First 5000 Years](https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years)
- [Cosmos EVM](https://evmos.org/)

---
🏴 **JOIN THE NATION** 🏴

Subscribe: [Newsletter](https://bankless.ghost.io/) | [iTunes](https://podcasts.apple.com/us/podcast/bankless/id1499409058) | [Spotify](https://open.spotify.com/show/41TNnXSv5ExcQSzEGLlGhy) | [YouTube](https://www.youtube.com/c/bankless) | [RSS Feed](http://podcast.banklesshq.com/)

Follow:  [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/)

---
***Not financial or tax advice. **This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter 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://bankless.ghost.io/bankless-disclosures/).*