This Crypto Cycle is COOKED

Today we explore David's idea that this cycle is cooked and Ryan has some question starting with... what does that even mean?
On this week's episode of Bankless Takes we answer that question and so much more as we take a deep dive into token distributions and how they're playing out this time around.
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TIMESTAMPS
00:00 Intro
01:30 Why Record This Episode?
06:01 Why There Are Structurally Bad Vibes
15:47 Why it's Like This
29:14 The Problem With The Points Meta
38:29 Recent Airdrop Issues
47:21 Where Do We Go From Here?
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RESOURCES
VC Capital - imgur.com/KKqMWBe
Sell Pressure - / 1784958268420522195
Chris Dixon Take - a16zcrypto.com/posts/article/...
LayerZero - x.com/LayerZero_Labs/status/1...
Hayden Take - / 1786784808187621874
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Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

[@Bankless]

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[@DanielSerra1]

Click bait episode title

[@Julio836]

Which part was bait?

[@MikeWoot65]

@@Julio836 no one considers the "cycle" to be about token distributions.

[@DanielSerra1]

​@@Julio836crypto cicle is not cooked. Token distribution is. Its clarified at the beginning

[@crypto-logisch]

Nope - the title is ok - the text in the image is clickbait 😅

[@bastiramuikey-kt4jt]

AMS1000X, low capitalization, good project and with an easy 10x potential in this bull market .. thanks you

[@x1k790]

If VC are able to stake and earn rewards to dump durythe lockup period, that isn’t really a lock up.

[@andrewmcmurray8081]

Why does David have all the top Solana devs blocked? Lmaoo

[@acpjr]

Is that true? And what makes a Solana dev a "top" dev?

[@KevinSwan-wb1oz]

I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?

[@MaxDoyle-pk2vr]

As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant

[@MaxDoyle-pk2vr]

Mrs Kathy Lynne Colby

[@CassieHarrell-wt4vk]

This is correct, Kathy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..

[@LauraMills-xs7py]

Kathy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.

[@KevinSwan-wb1oz]

Please do you mind sharing any means of reaching out to her easily?

[@RAJASJ648]

This innovative project is revolutionizing the way we interact with crypto.

[@LisaBridgetter]

Revux continuously surfaces in my crypto circles, a rising star indeed!

[@EdRichardae]

Early participation in Revux impact on loyalty programs is revolutionary and satisfying!

[@happeningsllc]

The article is cooked 🥲

[@jamescrabbe6933]

Your bags are cooked

[@rivianado8430]

Hype projects and their VCs tease market participants with incentives to increase TVL, then use retail investors as exit liquidity. Yes, Eigen is cooked and there are many such cases.. Good vibes will be ushered in by a new bread of community respectoooors. 👊🏽

[@JamesMullarneyIsAFraud]

These guys shill sponsors so hard. Thank god for the skip button

[@stanislav5262]

Points suck. Jupiter gave me an airdrop of 200 jup for just one transaction of I made on their platform without any stupid points. And now I'm staking $Cyber for airdrops but Cyber team decided to create new criterias for airdrops along the way apart from staking their token when users are already in and were promised airdrops just for staking their token only. That's not fair and disappointing ☹️

[@user-jr1yf2fr3l]

Utility tokens does not violate SEC laws, so as long as they are truly medium of exchange.

[@stanislav5262]

David decided to attend cooking courses 😁

[@bmllz]

A) david is high as fk, and' B) david is PISSED he's not receiving and Eigen layer air drop!

[@y4u762]

One important thing that you didn’t much touch on is how air farming is an astroturfing of adoption. As soon as the token distribution happens the farmers leave and activity on that chain crashes. Incentives are not aligned between projects and users. Something more like loyalty points with an extended distribution would be better. Maybe release an NFT that evolves with your protocol usage. Then after some long time that NFT could emit tokens to users based on their continuing protocol activity. You could add rewards like trading fee discounts to NFTs minted early.

[@stanislav5262]

The main idea is why all these PoS blockchains do not work in terms of token distribution like PoW blockchains do 😤 PoS sucks

[@TeleportlabsETH]

I’ve hated airdrops since day 1 😂. They’re a sign of how cucked this space has become. From wanting to make a parallel economy to pretty please Gary don’t sue us in the span of a couple of cycles. Pathetic.

[@diesel2526]

David, come to the Monetarium in July and learn why serious people are building within the Reserve Protocol ecosystem. The new meta is maturity; financial stability and asset-backed currency anchored into Ethereum, not more memetic chaos games. Such things are a distraction.

[@VioletDixiexl]

Thank you for sharing AMS99T$💗 I really appreciate it

[@jimmim3000]

So much for "restaking summer," right? I knew that was a terrible idea when you pushed it a few months ago. Nice clickbait title too, btw. Think you have enough "sponsors" yet?

[@SK-vg3mw]

Retail is here! Retail is just rekt and don’t have as much money after bear market, as post pandemic! All my friends has been fucking broke for the past 18months!

[@alternativecoins9445]

We're at peak depression and all the memecoin pumps are just symptoms of it. Every market participant thinking this cycle is over in three months is perfect building ground for next year it will be exact same as in 2020, just without the covid crash and inflated prices due to general inflation We haven't had a new ATH yet, wait for november sir ;)

[@am7373]

​@@alternativecoins9445If everyone is broke who is coming to buy your bags?

[@sneezweasel]

Keep working through the pain brothers remember to fight for the people always

[@desmonddhanraj9415]

Good discussion. Good content.

[@CoryDavidfg]

Confidence in Revux token reaching 100x post-launch on Binance.

[@AndrewMarshallad]

Revux stands out in the crowded crypto space - a genuine gem!

[@YuryDubinin]

One thing a team can do is to actually register a token as a security. There are many projects that do this already.

[@BrianStephenur]

Considering Revux? It's the talk of the town lately.

[@Cleavemonsta]

Greedy vcs once again stopping retail from getting in early on these tokens. These vc's are farming insider airdrops to double dump on retail while retail gets shafted hard on qualifications and only a small percentage get the drop.

[@SurajKol-ey4yj]

Don't miss the ship, the Block Sailor BLOCK trip, could lead to riches beyond your wildest grip!

[@futureforward3153]

Sum of the episode - crypto bull run starts with the opportunity for average users to make exponential gains. airdrops are not solving that. fair launch meme coins are. . .

[@Rakeshbaghel-dj1ln]

Don't be a landlubber. Join the Block Sailor BLOCK crew and experience the crypto wave.

[@AnnaSusanahar]

Speculating if Revux will pump before XRP.

[@singhbasant]

Monitoring Block Sailor BLOCK's social media progress. Their community involvement is substantial.

[@utkarshsingh2106]

Don't Be a Landlubber! Join the Block Sailor BLOCK crew and ride the crypto wave.

[@andrewmcmurray8081]

I'm debating swapping half my eth for SOL, why shouldn't I? Im starting to run short on reasons to keep so much eth. Maybe I'll swap so you all can fly cause when i get out of an asset it moons. You're welcome

[@VitaSineLibertatenih]

You defo should. Diversification is not an empty word

[@jimmim3000]

Because sol is a sh*t coin

[@PatrickAyelle]

The RED QUEEN! This is the first time I have ever heard it referenced! Through the looking glass of crypto…

[@vikashsingh6199]

Make No Landlubber Mistakes! Riding the crypto wave, join the Block Sailor BLOCK crew.

[@livelucky74]

>be in crypto >not let users claim if they use a VPN >fail

[@alternativecoins9445]

the real bull will start in nov ^^

[@miropribanic5581]

David used strong language here :-(....he uttered the c*****-word....not nice (btw very nice session today, we need the meta-level to grasp things)

[@MrCoreyTexas]

I wish David would explain terms like FDV before using it so I don't have to look it up (Fully Diluted Valuation)

[@Khan-pg8tp]

I agree with AMS1000X! I think you're a optimistic on your projections for it.

[@priyanshumanna9352]

Great information!!!! will load up the AMS1000X bags now

[@MikegoodMan1]

Maybe it goes sideways or down in summer, but it peaks only in June-July, and before that it pumps like crazy in May. Next few months will be euphoric, forget about deeper corrections. Stock market is already oversold, put/call ratio near extreme levels, May is historically bullish for tech stocks (if earnings come out good). Bitcoin will probably chop around here and close month negatively (first time in 8 months), then to the moon! And even if there is a larger correction in the future, it will happen above previous ATH, that's where BTC.D dumps and altseason kicks in. So the fun is just getting started...It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Paulahunstell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@MikegoodMan1]

she's mostly on Telegrams, using the user name

[@MikegoodMan1]

@paulahunstell..

[@GiuseppeGiugno-hp8yy]

I appreciate the professionalism and dedication of the team behind Hunstell trade signal service.

[@sharathkamal]

It was quite challenging to understand the different trends on my own until i found out about Hunstell. Trading made easy.

[@luistoledo7693]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.

[@beingavengerGaming]

Modern anti-fraud protection for piece of mind. Safety of users is given primary attention by Block Sailor BLOCK.

[@VivekKumar-wq4xs]

Disoriented in the Crypto World? You can use Block Sailor BLOCK as your beacon!

[@cathompson58]

So basically the current generation is doing exactly what prior generations have done, just this time with crypto tokens (not BTC, that is separate)

[@showmoreof2351]

Solana is so last month, you guys are slipping.

[@bitcoincustomerservice2770]

Is this cycle over? When these kinds of questions appear 8n the title, 70% of the time the answer is no.

[@4d-zi2ck]

You guys are vets don't tell me your buying into all the negativity?

[@goldnutter412]

Oh yeah baby. We are going to be so fucking cooking next year Gotta remember people default to greedy. Out of nowhere OCEAN staking got me a drop of Nim Network. Some drops are great, not demanding them like most. Case in point, $FRAME

[@hte-kx3lc]

@bankless Please dont do the catchy headline thumbnail, youre actually respected in the industry

[@MrCoreyTexas]

lol, i heard "CCIP" and immediately thought of "CCCP", you guys didn't live through the cold war, so you might not get that

[@crypto-logisch]

100 % nailed it

[@PatriciaHazella]

Top picks for the bull run: DOT, FIL, SOL. Best ICO? Revux, massive potential.

[@CelsaCiccarone]

What sets Golden Cobra presale apart from other meme coin projects in terms of its potential for success?#GoldenCobra

[@goldnutter412]

Exaaactly all that investment... big thing.. a token drops.. This is the VC crop rotation cycle, with people as the product as usual

[@Cleavemonsta]

layer 0 isn't a bridge its a snitch to earn web 3 game

[@Fanteasy]

for eth maxis it is cooked indeed, it will shift to btc ecosystem

[@whatsgood22022]

ETH is looking cooked.

[@4d-zi2ck]

ETHs getting cooked SOL isnt

[@d0nmartin3z]

i think that unfortunely the value of all the currencies is exactly their price at the moment, there is no mass adoption for crypto yet, just fancy words and nerd people focusing on make the things usable... 2030 is the year.

[@LfunkeyA]

just stack son

[@BradZook]

Your click-bait game is strong. Clearly a sideways, boring market is in play when the click-bait from Bankless is at this level of desparation.

[@bmllz]

Swissborg launchpad

[@SunnyYt200]

Building a Future Together. Be part of a collaborative community that shapes Block Sailor BLOCK's future

[@aijcr]

1:55 this is why Kaspa is a better bet for retail investors.

[@KBacon90]

Vibes?...... seriously?.... what a joke. this guy compared RIGHT NOW to the cycle top in 2021 ? we are in the dip after halving right now where retail is barely watching. Retail starts jumping in as FOMO kicks in. clueless.

[@shrikrishnathakur3104]

Here comes cryptocurrency's future! Block Sailor BLOCK has cutting edge features and an enthusiastic community. Miss the presale; it might be your pass to a price over $10!

[@BumbleThyme]

There are $2trillion dollars in the market since the bottom and you are feeling bad vibes?? Eth is diversifying, ppl are waking up to more coins.

[@pivoune]

the image quality of david's stream is very poor

[@kevinbel5661]

What about requiring Worldcoin or DID style authentification during the token distribution process ? After Sybills are detected or tokens not reclaimed => Bonus phase of airdrop to promote the non sybill/real participants This context just highlight again the need for the creation / use of DID to me

[@RB-ux4jg]

you can't create worthless tokens from thin air forever.........most projects do nothing and are jokes

[@DjSVMVST]

The Future of Blockchain is Here! Block Sailor BLOCK leverages advanced technologies to create a secure and efficient ecosystem.

[@SimpMcSimpy]

stupid click bait title

[@MieszkoCzarnecki773]

Thanks for the good summary! Now is the perfect time to start buying stocks and crypto( BTC ) if you are just being introduced.. I really wish I started earlier. I’m learning this doesn’t have to be as complicated as some people make it out to be. Thanks to Kelvin Hurdle Program for helping me get into his trading server and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Kelvin.

[@MieszkoCzarnecki773]

He mostly interacts on Telegrams, using the user-name.

[@ChristopherSantoro198]

Reason i invest in the crypto market; to make my money work for me, to prevent inflation from eroding my savings.

[@Elaine09q]

Ever since I started following his strategies, my trading game has elevated to new heights. Truly a mastermind in the trading world...

[@CarolineAnderson383]

Bitcoin's role as a store of value and its potential for future growth make it an attractive investment option. BTC trading can be a thrilling way to participate in this digital asset's journey.

[@Samuel_K532]

He appears to be well-educated and well-read. I ran a Google search on his name and came across his website; thank you for sharing.

[@DP0x]

The fake-bull run ran out and now we're back for these click-baity grim-looking titles for clicks to shill the sponsors harder

[@belalansari6705]

Come join a vibrant group and an intriguing project! With a projected price tag topping $10 after launch, the Block Sailor BLOCK presale you the chance to be a part of something unique!

[@Julio836]

Where’s the Qubic army!

[@Official_shubham_gamer]

Chart Your Course to Success! Buckle up and get ready for a smooth crypto ride with Block Sailor BLOCK.

[@am7373]

I can't wait until the retail noobs who have no money decide to do weeks and weeks of painstaking research to determine which zkevmrollupparalellizedwhateverthefuck is the best and put all their money into it instead of betting on their favorite meme coin.

[@MrJoebrada]

More layer 2 trash vapore ethereum trash.

[@jagdishsinghrattu1716]

I just went big on AMS1000X, and AERO

[@botgaming2810]

Amazons AMS1000X look impressive, excited to explore its capabilities!

[@JoesLife89]

It's because crypto is crap. Its about bitcoin.

[@WanetaGriselda]

Bought AMS99T$ at 1$, I will keep it until 2025 when it reach 250$

[@dineshdineshbhai5864]

AMS1000X for me.... Great to see it going up.

[@Junaidkhan-bv4mr]

Your awesome I love watching your vids .. what's crazy is I actually knew about AMS1000X before you mentioned it.

[@user-rl6yd9yx7f]

AMS1000X is a gem!! I have a nice bag of it. Super pumped about its future.

[@noorjhama]

Thank you so much for including AMS1000X the last time.

[@Govind_10x_]

Agree with him , AMS1000X is gonna be massive ,

[@Doors_of_janua]

Next time get some better FUD going cause STACKS is leading L2!

[@SK-vg3mw]

Video uploaded 10 min ago, comment added 9 min ago 😂

[@Doors_of_janua]

@@SK-vg3mw its about the previous video fren.

[@user-yr9kk2fl8y]

Amazon AMS1000X is my number one pick this bull run.

[@lalmanichaudhary8652]

Rock the AMS1000X. Loaded more today

[@LekhSingh-zx3dd]

Give us the AMS1000X! I need maximum gainage! For extreme bustism!

[@AshishKing-be2gv]

AMS1000X is the Eth of memecoins. Mark my words

[@merugumani3234]

AMS1000X is also the cheapest and fastest blockchain. not to mention the only blockchain where everything can be completely on chain.

[@SanskarSharma-lp6hn]

Investing in AMS1000X isn’t just about financial gains; it’s about supporting their mission. Their commitment to innovation and community empowerment fuels my commitment.

[@gasgas5339]

can you get jeff yan of hyperliquid on? he could have a creative way of distributing the tokens of hyperliquid L1 among the next-gen L1s, hyperliquid didnt take VC money. so they probably have something cooking.

[@biswajittudu7068]

Okay so did a little research and I’m pretty sure that bonus token he was talking about is AMS1000X