Liquid staking assets create value, not evil
The speaker defended liquid staking tokens (LSTs) against criticism, arguing they create real value and that attempts to curb them could centralize the network more dramatically.
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The story so far
CONTESTED · 154 MENTIONS · 43 EPISODES · 17 SHOWS
22 JUL 2026 — 10 AUG 2026 · 2D AGO
134 SUPPORT · 20 CHALLENGE
- REAL VISION DAILY BRIEFING
36 EPISODES BETWEEN · 124 MENTIONS
- THE OPTIONS INSIDER RADIO NETWORK
- UNCHAINED · 3 MENTIONS
- BANKLESS · 4 MENTIONS
- BLOOMBERG SURVEILLANCE
- THE JULIA LA ROCHE SHOW
- THE POMP PODCAST
- ANIMAL SPIRITS
- BANKLESS
- WHAT BITCOIN DID · 2 MENTIONS
- UNCHAINED · 2 MENTIONS
- THE POMP PODCAST · 2 MENTIONS
- BANKLESS
- UNCHAINED · 6 MENTIONS
- Crypto pivots back to core financial use cases
- Decentralized social and tokenized incentives face structural human limitations · CHALLENGES
- Token issuance distorts early product-market fit signals
- Crypto infrastructure shifts from consumer to institutional adoption
- Premature token launches undermine early product-market fit
- Failed tech concepts succeed when timing and infrastructure align
- UNCHAINED · 2 MENTIONS
- BANKLESS · 4 MENTIONS
- WHAT BITCOIN DID
- UNCHAINED · 8 MENTIONS
- Superstate's tokenized equity as a crypto experiment
- Crypto bear market driving consolidation
- Arbitrum's native bridge security as a model
- Arbitrum's sustainable licensing vs. OP's model
- Arbitrum's dual-chain strategy
- Permission pools enable compliant tokenized assets
- Regulatory clarity as a platform for token innovation
- Tokens with legal rights vs pure utility tokens
- ODD LOTS · 8 MENTIONS
- Insurance guarantee funds as stealth taxpayer bailouts
- Private credit's growth fueled by insurer capital
- PE-owned insurers shift to riskier private credit · CHALLENGES
- Private credit's appeal: permanent capital & weak oversight
- Annuity market lacks consumer price sensitivity
- Private credit valuations lack transparency for regulators · CHALLENGES
- Regulatory fixes: surcharges & source-of-strength doctrine
- Insurance guarantee funds create a worse backstop · CHALLENGES
- ON THE MARGIN · 8 MENTIONS
- Marketing shift from PPC to content and influencers
- Surfshark's mass-market accessibility as differentiator
- Scam protection as a new growth vertical
- Surfshark-Nord Security joint venture strategy
- Creator marketing as a core growth channel
- Vision: a single app for all security needs
- Incogni's data broker removal service for US market
- The risk of free VPNs selling user data · CHALLENGES
- UNCHAINED · 2 MENTIONS
- MASTERS IN BUSINESS · 2 MENTIONS
- WHAT BITCOIN DID · 6 MENTIONS
- Cold Card entropy bug: immediate funds migration required · CHALLENGES
- Multi-sig with compromised keys is a ticking clock · CHALLENGES
- Open-source AI (Kimi) as a cybersecurity audit tool
- Short-term negative pressure on Bitcoin self-custody · CHALLENGES
- River exchange as a short-term safe harbor
- Enterprise multi-sig providers claim immunity
- THE JULIA LA ROCHE SHOW
- A16Z PODCAST · 7 MENTIONS
- Clarity Act defines regulatory perimeter
- Clarity Act provides a smart, risk-based crypto framework
- Regulatory clarity unlocks crypto's next phase
- U.S. crypto leadership is a national security imperative
- Banks won the stablecoin interest fight
- Clarity Act prevents future FTX-style collapses
- Warren's illicit finance fears are misplaced
- BANKLESS · 6 MENTIONS
- ON THE MARGIN · 12 MENTIONS
- Regulated gambling's fight against criminal market share
- VPNs are a red herring for illegal gambling
- Influencers as exploited victims, not the enemy
- Brazil's regulatory misstep reversed legal gains · CHALLENGES
- Illegal streaming as a gateway for financial theft · CHALLENGES
- Illegal gambling's structural risk to economies · CHALLENGES
- Prediction markets dilute legal and illegal sports betting · CHALLENGES
- Sports leagues corrupted by illegal gambling sponsorship · CHALLENGES
- Amateur sports content fuels illegal gambling customer acquisition
- Regulated gambling offers consumer protection; unregulated does not
- Illegal gambling intertwined with human trafficking · CHALLENGES
- No 'gray market' in gambling, only licensed or not
- AFFORD ANYTHING · 2 MENTIONS
- THE COMPOUND AND FRIENDS
- UNCHAINED · 4 MENTIONS
- BANKLESS · 8 MENTIONS
- Meme coins as a transient, fun speculation
- Meme coins as a persistent crypto primitive
- Meme coin ethos to subsume tokenized culture
- Bonk as a community stimulus for Solana
- Higher-quality on-chain assets to smooth cycles
- Ansem's meme coin as a cycle catalyst
- Allocating to the attention and community economy
- Crypto's right product: better financial infrastructure
- WHAT BITCOIN DID · 4 MENTIONS
- THE POMP PODCAST
- UNCHAINED · 2 MENTIONS
- UNCHAINED · 3 MENTIONS
- BANKLESS · 3 MENTIONS
- WHAT BITCOIN DID · 3 MENTIONS
- UNCHAINED · 6 MENTIONS
- Cold Card entropy bug a catastrophic wallet vulnerability · CHALLENGES
- High ETH staking ratio is a network positive
- Liquid staking assets create value, not evil · THIS IDEA
- Hardware wallet risk lower than phishing, social engineering
- User-entered entropy (dice) is impractical for security
- Reducing ETH issuance risks staking exit
- ON THE MARGIN
- FINTECH INSIDER PODCAST BY 11:FS · 2 MENTIONS
- MACRO MUSINGS WITH DAVID BECKWORTH · 2 MENTIONS
- BANKLESS · 9 MENTIONS
- EIP stake targeting threatens DeFi and decentralization
- ETH staking yield is a real, productive yield
- Zero ETH yield would make ETH a funding leg
- Liquid staking derivatives are inevitable for finance
- Enshrined LSTs proposed as alternative solution
- Staking yield is critical for institutional adoption
- Ethereum should focus on product, not issuance
- Governance perception risks Ethereum's credibility
- DeFi layer is Ethereum's strength, not a problem
- WHAT BITCOIN DID · 9 MENTIONS
- Bitcoin-backed loans to reach $1 trillion
- Bitcoin loan securitization unlocks institutional capital
- Bear markets drive loan risk management adoption
- Bitcoin's borderless collateral reduces securitization risk
- Plan for extreme Bitcoin drawdowns when borrowing
- Risk creep in new 'no-liquidation' loan products
- Bitcoin lending space matured post-bear market
- Gold-backed loans offer better terms than Bitcoin
- Hybrid Bitcoin-Gold collateral to reduce volatility
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD