Weekly Roundup 10/23/20 (PayPal jumps in, the banks push back at the SPDI, are CBDCs inflationary?) (EP.140)
35 min

Matt and Nic cover deals and news of the week. In this episode: 

  • PTJ's latest comments on Bitcoin
  • How Bitcoin is akin to a cathedral
  • Franklin Templeton invests in Curv
  • PayPal launches a crypto offering
  • Will PayPal open up its walled garden?
  • The Kik story finally reaches a conclusion
  • Coinbase publishes their first transparency report
  • Paradigm's big bet
  • Is CBDC going to be pro-inflationary?
  • The bank lobby pushes back at the Wyoming SPDI
  • Why this bull run is more sustainable than that of 2017
  • How Bitcoin scales with capital, not people

Content mentioned in this episode:

Uncommon Core
Uncommon Core
Uncommon Core
#14: Interview with a Spartan
Today, I’m not only joined by a very special guest, but the format of this episode is highly unusual as well! I interviewed the man who goes by the name @DegenSpartan on Twitter and who is one of the biggest and most enigmatic Defi investors there is. I have wanted to have him on for a long time, but there was one problem: DegenSpartan, or DS in short, is fully pseudonymous and did not even want to have his voice known. So we looked for a solution and ended up doing a text interview instead. Then I got Patrick McCorry (@paddypisa on Twitter) to speak the part of DS in the final recording, while I spoke my own part. At this point, I want to give a huge thank you to everyone who reached out to us on Twitter and offered their help to make this episode a reality. I get that this isn’t your average podcast, and you can go and read the text interview instead if you want, but I think Paddy did a fantastic job and the final product came out great. Please enjoy! Discussed in this interview: DS: Degenerate or prudent investor? How he managed to recognize (and sell) the top in Defi His approach to investing Becoming Synthetix' patient zero Why he dislikes Maker, YFI, and governance tokens in general and more! Links: Subscribe to our mailing list for transcripts and other bonus content: https://uncommoncore.co/  DegenSpartan https://twitter.com/DegenSpartan Hasu https://twitter.com/hasufl  Patrick McCorry (as DS): https://twitter.com/paddypisa
38 min
Once BITten!
Once BITten!
Daniel Prince
@MrTimothyAllen - Award Winning Human Planet Photographer! #90
BTC $ 18'768 Today's guest on the show is the award-winning Photographer @MrTimothyAllen who was one of the geniuses behind the Human Planet Series and an awesome Britcoiner! Join Tim and I as we face down questions from each of our kids about homeschooling, photography and #Bitcoin. Listen to some of the most amazing stories from far off worlds as Tim describes some of his work on the Human Planet series. Do you remember the scenes of a tribesman scaling a tree for honey or the guy crossing a raging river on a tightrope? How did Tim feel about the series filming an uncontacted tribe in Brazil and how have these peeks into primal humanity shaped his thinking about our species? What lead @MrTimothyAllen to #Bitcoin and how does he hope to be able to transition away from his current projects to somehow work in the #Bitcoin space? A huge thank you to @MrTimothyAllen for taking the time to come on the show and share these stories with us! Make sure you go and check out Tim's new project, a new movie that launches for free next week! https://www.youtube.com/watch?v=O59DuGXdCbM I stand on the shoulders of giants, these guys are amazing. Thank you: @coinfloor @swanbitcoin for your trust and support. @adamwoodhams1 for producing the show. @jimreapermusic for creating www.once-bitten.com# @hodlerthanthou and the Britcoiners @twentyoneism. Shills and Mench’s: www.coinfloor.co.uk/bitten www.swanbitcoin/bitten https://humanplanet.com/timothyallen/about/ @Martybent @TFTC21 @Mattodell @Saifedean  www.saifedean.com @RyanTheGentry
1 hr 41 min
Laura Shin
9 Ways Bitcoin Is at an All-Time High - Ep.152
Nic Carter, general partner at Castle Island Ventures, and cofounder and chairman of Coin Metrics, explains why the Bitcoin price has been rising without the retail bubble seen in 2017-2018. In this episode he covers: * how this Bitcoin rally differs from the ones in 2017-2018 and why the market is much more mature * how much the pandemic and other macro forces this year have helped propel Bitcoin * what it says that the number of Bitcoin addresses with $10 or more worth of bitcoin are is at 18 million now, compared to 2014 in the 2017-2018 bubble * the significance of realized cap, and why there's less pressure to sell now since the current cost basis of all bitcoins is much higher than in the bubble * the significance of the fact that open interest in CME Bitcoin futures hit $1 billion this week — and why, even though they're cash-settled, they do impact the Bitcoin price * what the appreciation of the Bitcoin price in other countries' currencies such as Turkish lira means * what it means that the stablecoin free float has grown from $1.5 billion in the last bubble to $23 billion during this rally * what he makes of the theory that Chinese miners are having difficulty to sell their BTC being a driver of the price rise Thank you to our sponsor! Crypto.com: http://crypto.com Episode links: Nic Carter: https://twitter.com/nic__carter Castle Island VC: https://www.castleisland.vc Coin Metrics: https://coinmetrics.io Nic’s post: https://medium.com/@nic__carter/nine-bitcoin-charts-already-at-all-time-highs-78abbfe82804 Chinese miners unable to sell BTC: https://www.coindesk.com/bitcoins-rally-supply-crunch-in-china Dispute with this report: https://twitter.com/WuBlockchain/status/1328893579515682816?s=20 CME Bitcoin open futures surpasses $1 billion: https://www.theblockcrypto.com/linked/85045/cme-bitcoin-futures-1-billion-open-interest Link to the Crypto News Recap: https://unchainedpodcast.com/what-info-will-come-out-in-the-binance-lawsuit/
31 min
The Wolf Of All Streets
The Wolf Of All Streets
Scott Melker | BlockWorks Group
The Blockchain And Mortgage Revolution with Curtis Wood, CEO of Bee App
Curtis Wood spent years learning the ins and outs of both the mobile app and mortgage industries. When he learned about the blockchain, he knew he had to combine the three areas. He developed Mortgage Bee App, a seamless way to automate the loan process for home buyers, leveraging blockchain technology to add trust and remove human error. Scott Melker and Curtis Wood further discuss the current state of the housing market, the impact of COVID-19 on home value, historically low-interest rates, the difficulty in obtaining a loan, refinancing for free money, the 2008 subprime mortgage crisis, Dodd-Frank and Fannie Mae, strippers buying 7 homes, the impact of fraud and greed, the money machine in DC, tech as a double edge sword, borrowing against crypto and more. --- ROUNDLYX RoundlyX allows you to dollar-cost-average into crypto with our spare change "Roundup" investing tool, manage multiple crypto exchange accounts in one dashboard and access curated digital asset content and services. Visit RoundlyX and use promo code "WOLF" to learn more about accumulating your favorite digital assets when making everyday purchases and earn $4 in free Bitcoin. --- EQUOS Diginex is the first company with a cryptocurrency exchange to be listed in the US. That exchange, EQUOS, has been built to institutional standards, but is available to everyone. You can trade Bitcoin and Ethereum spot, as well as Bitcoin perpetuals, and get a 5% discount on all fees, by signing up using equos.com/wolf. --- CELSIUS With the Celsius app you can earn up to 15% APY rewards on over 30 cryptocurrencies. Have crypto but want cash? Celsius also offers the lowest cost loans against your crypto with interest rates starting at just 1% APR. Enter promo code WOLF when you sign up and get $20 in BTC! Users must transfer and hold at least $200 of any coin for 30 days to be eligible for the reward. --- If you enjoyed this conversation, share it with your colleagues & friends, rate, review, and subscribe.This podcast is presented by BlockWorks Group. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at: https://www.blockworksgroup.io
1 hr 9 min
Blockcrunch: For Global Crypto Investors | Investment Theses | Project Breakdowns  | Industry Trends
Blockcrunch: For Global Crypto Investors | Investment Theses | Project Breakdowns | Industry Trends
Jason Choi
dYdX: Winning the DeFi Exchange Wars - Antonio Juliano, Ep. 121
dYdX wants to become the largest crypto exchange - period. Can DeFi challenge centralized exchange giants? 2 years since our first conversation, founder Antonio (@AntonioMJuliano) joins us to talk: * Why is dYdX focusing on perpetual swaps * Uniswap vs. dYdX vs. Synthetix * Building on Layer 2 vs. building on other chains * Tactics for scaling DeFi users Host: Jason Choi (@MrJasonChoi). This show is not financial advice; show host and guest may hold some of the assets discussed. ****** Resources: * Borrow and lend crypto at market-beating rates: Nexo.io * Explore Radix - the new blockchain designed for DeFi. Learn more about their token at radixDLT.com * Subscribe to my essays here: jasonchoi.substack.com ****** Musical credits: Intro track: Underground Stars by Loxbeats https://spoti.fi/34tPBBO Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: https://bit.ly/underground-stars Music promoted by Audio Library https://youtu.be/vpJDMD2EzkA Disclaimer: Jason Choi is an investor at Spartan Capital, the hedge fund arm of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries and personnel. This podcast is for information purposes only and should not be relied upon as a basis for investment decisions.
39 min
SotN#24: Everything is bullish, with Nic Carter (Triumphant! 2017 vs 2020 Bull Markets, What's Different this Time?)
BLACK FRIDAY DEAL: GET LEDGERS for 40% OFF! 🔥🔥🔥 https://bankless.cc/ledger 🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI ❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/ ----- GO BANKLESS WITH THESE SPONSOR TOOLS: ⭐️LEDGER - 40% OFF LEDGERS THIS WK ONLY! 🔥🔥🔥 https://bankless.cc/ledger 🚀 ZERION - INVEST IN DEFI FROM ONE PLACE (download it now!) https://bankless.cc/zerion 💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith 🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn ------ SotN#24: TRIUMPHANT! w/ @nic__carter (2017 vs 2020 Bull Markets, What's Different this Time?) Nic Carter, general partner at Castle Island Ventures, cofounder of Coin Metrics, host the On The Brink Nic recently put out a medium article with 9 different Bitcoin charts showing metrics at ATHs. https://medium.com/@nic__carter/nine-bitcoin-charts-already-at-all-time-highs-78abbfe82804 We ask Nic: - What about this bull market is different than last time? - What are the differences that stand out to you the most, that are going to characterize the nature of this specific bullish period? Metrics discussed: - Addresses with $10 of BTC or more - Open Interest on CME Futures - Realized Cap - Bitcoin Options Open Interest - BTC priced in Turkish Lira - BTC held by Grayscale - Stablecoin Free-Float - Silvergate’s Settlement Network - Growth of Crypto-Native Credit Watch the video to hear the discussion! In the SECOND HALF of the video, David and Ryan turn their attention to ETHEREUM: Will Ethereum Capture the Bull Market? Topics we discussed: Ethereum and the Bull Market - The Deposit Contract received the required amount of ETH to start off ETH2 on the earliest possible date. - Then, it received A TON more of ETH after that. The 2017 ETH Bull market was underpinned by the possibility of ETH staking and Ethereum scaling just being around the corner The 2020 ETH Bull market has all of these same dynamics, but AHEAD of the bull market, rather than behind it. ‘Will Staking ever come?’ and ‘Will Ethereum ever scale?’ are NOT questions that are going to be asked this bull run. Also new this bull run: DeFi! DeFi👏makes👏capital👏sticky!👏 The capital that entered the 2017 ICO mania was FLEETING. Ethereum was 95% ICOs, and after ICOs stopped making people money, there was no reason for capital to stay put on Ethereum Things that didn’t exist in 2017: Collateralized money markets - Maker - $2.75B - Compound - $1.7B - Aave - $1.45B AMMs - Uniswap $1.3B - Balancer $0.4B Others - Yearn - $0.5B - Synthetix - $0.8B - Nexus - $0.1B Stablecoin Supply - $20B in stablecoin market cap on Ethereum. PLUS, Alpha is found on Ethereum - There’s a lot of cognitive dissonance in the world about buying Bitcoin. People have heard about Bitcoin multiple times now, and if they still don’t yet own BTC, they may have a level of cognitive dissonance about buying BTC at ATH prices. - People wanting exposure, but not specifically wanting to buy BTC, is a significant reason as to why other assets always do so well in a bull market People want alpha - This cycle, DeFi tokens on Ethereum will capture outsized exposure to people who are trying to outperform BTC - Last cycle, it was many different PoW chains and Ethereum L1 competitors, this cycle it will be protocols and projects on Ethereum ------ Don't stop at the video! Subscribe to the Bankless newsletter program http://bankless.substack.com/ Visit the official Bankless website for resources http://banklesshq.com/ Follow Bankless on Twitter https://twitter.com/BanklessHQ Follow Ryan on Twitter https://twitter.com/ryansadams Follow David on Twitter https://twitter.com/TrustlessState ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.
1 hr 37 min
The Scoop
The Scoop
The Block
NYSE vice chairman: Talks are 'accelerating' with crypto firms that want to go public
Despite the uncertainty of the global economy in 2020, the New York Stock Exchange has had a strong year, helping companies raise more than $66 billion.  In many respects, it has been the year of Special Purpose Acquisition Companies (SPACs), according to vice chairman John Tuttle. This year, firms have raised billions through the acquisition-style mechanism. During this episode of The Scoop, Tuttle — who previously led NYSE's global listings business — explained why the fundraising method has taken the markets by storm and how they've evolved from a lackluster funding mechanism to a red-hot fad on Wall Street.  "Let's look back ten years or so, SPACs were a four letter word, they didn't have the best reputation, the sponsors didn't necessarily have the best interest in mind of investors in the market place," Tuttle said. He went on to explain: "And they largely fell out of favor. Several years ago you started seeing some rule changes around SPACs to address some of those challenges that SPACs had a decade or so ago and you started seeing higher qualities sponsors come into market.What do I mean by that? Folks that—whether it be the Goldman Sachs or the Gores Groups of the world. Folks that had very well-respected reputations in the marketplace both as financial partners but business partners as well too. You started seeing deals be larger in size. You started see well respected names launch SPACs and partner with SPACs and partner with SPACs, and that's what gave credibility to the product." Indeed, some crypto firms have been considering SPAC-centric strategies, including BlockFi and Ripple. There's also firms like Coinbase, which is said to be in the process of going public in the near-term, as previously reported by Reuters.  Tuttle says that the exchange group is talking with crypto firms about tapping into public markets.  "It has been a space that's been of interest for quite some time," he said. "We've had discussion with companies that have been thinking about accessing the public market, from that space, crypto blockchain digital assets." "Those conversations continue, they're accelerating," he added. "And I also think that digital assets, crypto are going to play somehow somewhere some way an important role in the market of the future." _________________________________ This episode was brought to you by Polkadot Decoded, the Polkadot community conference on December the 3rd. Don’t miss this opportunity to tap into the latest developments and discover what lies ahead in the Polkadot ecosystem, including Gavin Wood in conversation with Laura Shin and a panel moderated by The Defiant founder Camila Russo. . Save your spot today!
32 min
The Delphi Podcast
The Delphi Podcast
Tom Shaughnessy
TokenTax’s Zac and Alex: The Ultimate Crypto Tax Deep Dive
Chain Reaction Host Tom Shaughnessy hosts Alex Miles and Zac McClure, the co-founders of TokenTax. The team answers our most nuanced crypto tax questions and get into detail on how the founders are scaling their tax software. This was a must-listen episode for anyone filling their crypto taxes. Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Our members also have access to full interview transcripts. Join today to get our interviews, first. - Show Notes (1:35) – (First Question) Token Tax Background (3:39) – How hard it was to do Crypto Taxes in past years (6:28) – Main reasons people come to Token Tax (7:56) – Token Tax, does it reduce Audits (12:27) – Minimization, a new option to calculate tax burden (18:12) – Is a complex Tax Code good for business (24:10) – Insights about Tax Loss Harvesting going into New Year (28:52) – What’s behind integrating New DeFi Platforms (30:30) – Tax implications of staking ETH 2.0 (*) (33:27) – Inside Token Tax and Active Aggregators (36:00) – Rebasing coins (*) (37:57) – How are rug pulls accounted for (*) (39:58) – Implications on moving from BTC to WBTC (*) (41:09) – Biggest Mistakes that the average Crypto Investor makes with their Taxes (*) (*) questions posed by our Delphi Twitter members Resources: * Guest’s Twitter: https://twitter.com/TokenTax * Guest’s Website: https://tokentax.co/ * Tom's Twitter: https://twitter.com/Shaughnessy119 * Delphi Podcast Twitter: https://twitter.com/PodcastDelphi More * Our Video interviews Can Be Viewed Here: https://youtu.be/fubeSokngY8 * Access Delphi's Research Here: https://www.delphidigital.io/ Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Delphi’s transparency page can be viewed here.
45 min
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