ROLLUP: Blobs Arrive | BTC New High | ETH ETF? | Bankless 4th Birthday

Brian, I wanna talk about the blobs. I wanna talk about how Optimism's using the blobs. I wanna talk about House Darkness using the blobs. Uh Arbitrum is using the blobs in a very special way, so we're gonna talk about that. We're just gonna talk about the blobs. We're gonna talk about blob space, we're gonna talk about the blob contention. There's a new phrase just dropped blob contention. Gets me all like hot and bothered. I'm pretty psyched about blobs, Ryan. I can't talk to you enough about

Oh, this is gonna turn into a blob cast, I could tell.

Bankless Nation, it's the third week of March.

Blob Week. It's blob week. The blob week of March. Blobs everywhere.

Yeah, Dave, we gotta talk about the blobs because uh this is Ethereum shipping an absolutely major upgrade. Would you say this is the biggest upgrade since the merge? Biggest

Every biggest upgrade ever, the biggest one being the merge. Yeah. Now we have blob space on Ethereum. In addition to some other cool stuff that is in the Ethereum protocol now, it's really EIP4844 that is now fully a part of the Ethereum protocol, enshrining blob space into the protocol itself, allowing layer twos to become super fast. All the layer twos are celebrating and boasting they're super speedy, super quick, super cheap transactions. Uh transactions across uh the optimistic rollups right now, like even some of the more complex stuff, are zero cents. Oh my god. They are zero cents. Feels so good. Um will it last? Is the big question. Is this just a short blip in time on blob space, or is this gonna be the new meta in Ethereum layer twos?

upgrade's a good question for sure. So we're gonna talk about all of that. Also, Bitcoin hit another all time high this week. A legit David Hoffman all time high. You cannot dispute this all time high. Are you capitulating, right? Bitcoin all time high.

I'm not capitulating, I'm declaring. The all-time high has been hit by

It it passed David's line. Okay.

something.

Also, uh Eve tipped over 4K. We're gonna talk about that. Also, I I want to talk to you too about the the the wider context of this. Like, where are we in the cycle? How early is it?

The forever question.

Uh and also are we going to get this Ethereum ETF? A bit of banter on that. Justin Drake says yes. Other people

Say no. Ethereum is getting its first restaked layer two, another layer two on Ethereum, as if we need it any more. Just kidding, we need all of them. But it's a layer two with new superpowers. Who is building it? What to expect? Also, some things in the Solana world. Tensor has announced their token. It's one of the biggest uh protocols on uh Solana is basically the blur for Solana. Uh, very hyped they're getting their token. Uh, Jito on Solana, also getting rid of its mempool. Uh turns out Solana discovers MEV is a thing. Uh, and also a crypto project is gonna be on the Vegas sphere. So maybe that Ryan answers a little bit about where we are in this cycle. Um, and then also the Bankless Podcast gets its fourth birthday ever. Uh so something special for Bankless Podcast enjoyers. It's not the only birthday on the podcast today. Ryan, sub.

what? Uh is it my birthday today?

I don't know.

Noted.

That's a question to you, brother.

I have a question for you. Okay, so a mysterious package arrived on my front porch this morning. Okay. And it was addressed to not Ryan Sean Adams, it was addressed to Ryan Dad Adams. Okay. And I thought to myself, who in the world would do this? Like it looks like it was a package from Herman Miller. I was like, did one of my kids do that? And like, no, my kids can't afford a Herman Miller piece of furniture. Like, what is this? So I brought it inside, uh, still like having no idea who actually sent me this. But I'm thinking, David, and we haven't talked about this yet, I'm thinking it may have been you. And what awaits me in that package is a brand new chair. I want to show you.

Can you show the podcast viewers the chair that you have been sitting on

Four years.

since the inception of this goddamn company?

Like, it's take a step back and show just like the absolute lack of lumbar support that this fucking stool has.

This is like for the podcast listeners, this is like a counter height stool for your kitchen. It's a few. And he has not invested in his lumbar spine whatsoever.

That's literally how it happened. This is just a chair from another place in my house. We talked about this. You've been absolutely incredulous. You've been like, Ryan, when are you getting a new chair? When are you gonna do this? So you just sent me one. Thanks, man. Uh-huh. I appreciate this. So what am I getting? What awaits me in the package?

It it's a Herman Miller unbody chair, it's the one that I use. Uh it is a very fun chair. You get to bounce around on it. It like curves up in your spine. You get to sit on it all day. I'm I don't know how your spine doesn't hurt.

That's ex that's expensive. You you you spent some money on this, David. It must be a bull market.

It went it was a company expense.

Oh

That

all right.

would have been company

Well, thanks for spending our money. I appreciate that for my spine. I'm sure my spine appreciates that as well.

Oh my god.

I appreciate that. No, no, no, no. I want to talk one more thing with you because uh this is in your apartment. All right. This is uh the plant wall. Tell us about the plant wall. I'm showing it on screen.

Happy birthday, Ryan. Oh happy birthday from from the Bankless Nation.

Thanks for the chair, Bankless Nation. Thanks for the channel.

All right, so what are we looking at here? I have noticed in your background, some on on kind of the left side, my left.

Yeah, it's getting a bit more green. And I remember in the 2021 cycle, like you were in your San Diego apartment, it just kept getting more and more green every every day that we would do a podcast until your entire back uh part of your apartment was covered with plants.

Yeah, you actually do.

Doing this again?

Yeah, slightly slightly off-camera, actually. So there's some plants that have made it on camera, but you can see the wall of plants that is just to the left of the reason why this uh became relevant is because me and Ryan were prepping for the show this morning, and then my circuit breaker pops and I just go completely dark. Uh and it's because like I have these studio lights um for podcasting for whenever I want to do an in-person podcast, but they are also like very powerful uh plant grow lights. Uh and so I have them like turned on and pointed to my plants because like why the hell not? But then they're also really hot and it's uh a solid 69 degrees in uh New York right now. Nice. Uh and my apartment gets very, very sunny, and so I had to turn on my air conditioning.

In what is it, March? And so between the grow lights and the air conditioning in my computer, the circuit breaker pops. Uh and I just like disappeared on on Ryan during prep for the show.

Yeah, that that's uh you're you're in a negative flywheel there. If you have more plants, more lights, more heat, more air conditioning, more electricity. These things could keep happening, David. Anyway, uh I'm really excited about your plant collection, and I I want to

Very excited about your chair.

we'll keep the Bankless Nation updated on those two things. Also

Chairs, yeah.

Speaking of updates, can you tell them about all right, David, tell us about Bitcoin all time highs because we have officially crossed David Hoffman's bar to all time highs. Thank you for tweeting that at me. I appreciate knowing from you that we had hit Bitcoin all time highs. I think it happened maybe sometime Sunday, something like this.

It was on Sunday,

All right, where are we right now on the week?

Currently at 71,200, started the week at 67,400, up 5.5, a modest 5.5% on the week. Did you know, Ryan, that actually we've had one red week in the last seven weeks? Uh, and it was only a down 1% week that week. Uh, we are up 70% on Bitcoin in seven weeks. Uh, on the note of calling all time highs, uh, the I do I did think this one YouTube comment from last week was pretty funny, which is like maybe the guy who doesn't own any Bitcoin doesn't get to call when the Bitcoin all time highs are.

Which I do understand. I do take that point.

Bankless owns Bitcoin, unless you spend all of it on my chair here. But um I we sell some Bitcoin. So by proxy, you own Bitcoin. Okay, well, that's exciting. So we are in uncharted territory. Uh Bitcoin's been going up only. This is why people are are actually asking are we going to have a reversion to some some local mean here? Um so maybe we'll get to that in a little bit. But uh another thing to celebrate is Bitcoin actually surpassed the market cap, the total value of silver this week. It's down a hair below.

Down below it.

Oh, but look at this. Neck there.

It'll get there. Sil silver is is a thing of the past and like next week.

Well, silver is 1.4 trillion, and Bitcoin uh is 1.4 trillion as well. So silver must just have a decimal edge here.

Silver has 80 more million more dollar market cap than Bitcoin.

Wow. The number the number two asset. So uh I guess Bitcoin is gold silver then. Uh and Litecoin has nothing to do with this, huh, David?

That's right. Well, Litecoin has always been irrelevant. It's just taken time for the market to realize that.