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Jesse Pollak leads Coinbase Base, which enables 1 cent transactions on Ethereum. We discuss the motivation behind Base, monetization for creators & companies, local stablecoins, network states, and the Base Batches session at Network School. If you're building on Base, apply to Network School at https://ns.com. OUTLINE 0:00 - Intro to Jesse 1:56 - Is Base a coinless chain? 3:58 - What is the problem that Base solves? 10:00 - The opportunity to build a global economy 19:12 - Blockspace is the fundamental constraint of crypto 25:04 - Equity-backed assets on Base 32:34 - Base Batches at Network School 43:18 - How does crypto relate to network states? 48:09 - Balaji’s advice for young builders CITATIONS (1) Base batches: https://www.basebatches.xyz/ (2) Base: https://www.base.org/ (3) What are smart contracts: https://www.investopedia.com/terms/s/... (4) Coinbase exchange API: https://www.coinbase.com/developer-pl... (5) Layer 1 vs Layer 2 blockchains: https://www.investopedia.com/what-are... (6) Ethereum average gas price: https://etherscan.io/chart/gasprice (7) Plasma scaling strategy: https://www.plasma.io/plasma.pdf (8) A rollup-centric Ethereum roadmap: https://ethereum-magicians.org/t/a-ro... (9) How do optimistic rollups work: https://www.alchemy.com/overviews/opt... (10) Introducing the OP stack: https://optimism.mirror.xyz/fLk5UGjZD... (11) Building Base for the long term: https://base.mirror.xyz/HwG1GQ5hoxz0O... (12) Farcaster: https://www.farcaster.xyz/ (13) Blackbird blockchain restaurant: https://www.coindesk.com/tech/2025/02... (14) Moxie Marlinspike’s first impressions of Web3: https://moxie.org/2022/01/07/web3-fir... (15) Blockspace is rapidly increasing but costly and finite: https://x.com/balajis/status/14798630... (16) Local stable coins on Base: https://x.com/jessepollak/status/1907... (17) Coinbase plans to tokenize $COIN: https://cryptobriefing.com/coinbase-t... (18) Network School Fellowship: https://ns.com/fellowship (19) Visualizing crowd sizes: https://blog.lime.link/visualizing-cr... (20) Crypto civilization vs crypto anarchy: https://x.com/balajis/status/14522034... (21) Bundling and unbundling: https://fintechtakes.com/articles/202... (22) Digital divide: https://www.investopedia.com/the-digi... (23) Global steel production visualized: https://www.visualcapitalist.com/visu... (24) China leads growth of robot stock: https://www.statista.com/chart/31337/... (25) Drone manufacturers by market share: https://arc-group.com/china-thriving-... (26) How China became the worlds largest car exporter: https://www.nytimes.com/interactive/2... (27) China’s BYD overtakes Tesla: https://www.statista.com/chart/31496/... (28) BYD pulls ahead of Tesla to become largest EV maker: https://www.statista.com/chart/33709/... (29) Complete list of unicorn companies globally: https://eqvista.com/complete-list-uni... (30) Daily hours spent with digital media per adult user: https://www.mediaculture.fr/wp-conten... (31) Centralization, decentralization, recentralization: https://x.com/balajis/status/12486781... (32) Foundation: https://www.amazon.com/Foundation-Isa... SOCIAL https://www.basebatches.xyz https://ns.com