The Breakdown
The Breakdown
Oct 25, 2020
Should We Care if the US Is Falling Behind on CBDCs?
16 min

For this week’s Long Reads Sunday, NLW reads two selections from CoinDesk’s op-ed section:

CBDCs Are Evolution, not Revolution - Benoit Coeure 

The US Risks Getting Left Behind on CBDCs - JP Schnapper-Casteras & Misha Guttentag

Bankless
Bankless
Bankless
41 - Crypto-Civilization | Balaji Srinivasan
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 ------ A Crypto Civilization | Balaji Srinivasan No one blends the academic, startup, & venture world quite like Balaji Srinivasan. With multiple engineering degrees, multiple exits, being early into Bitcoin, selling a company to Coinbase, being CTO to Coinbase, Balaji lives on the cusp of the frontier of human innovation. Rumor is that he’s trying to create a digital country, we’re gonna talk about it. - Legacy of COVID creating distrust In Institutions Balaji thinks that the world is ready for new institutions and that the movement of time is to generate new solutions rather than repair old ones. - ‘Crypto-civilization’, or what Balaji calls: The Network State The leveraging of the most useful modern technology and coordination tools, to produce structurally independent organizations - Digital Nations vs the Nation-State How might this independence generate friction with the status quo? And of course, how does a new 'crypto civilzation' actually manifest. Balaji is a real Big Brain thinker, so strap yourself in! ------ 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.
2 hr 8 min
Unconfirmed
Unconfirmed
Laura Shin
Crypto on Every Corner: Driving Adoption With Jeremy Allaire and Meltem Demirors - Ep.153
This episode is a discussion from Stellar's Meridian conference, in which I moderated the panel, Crypto on Every Corner: Driving Adoption, featuring Jeremy Allaire, cofounder, chairman and CEO of Circle, and Meltem Demirors, chief strategy officer at CoinShares. In this discussion, we cover: * what adoption means and looks like * why cryptocurrency is at a particularly interesting inflection point * how central bank digital currencies could affect that * how blockchains will recede into the background * how existing fintech payment apps will use blockchains and/or crypto * where on the road to adoption the industry currently is * the significance of Crypto Twitter as a marketing tool * what the crypto industry needs to do in the next year to grow the industry * why it would have been easier to start a bank than a crypto business * why the separation of money and state is one of the most interesting experiments in history * how we'll see new corporate-like organizations without any connections to any existing legal or financial systems driven by tokens * what their favorite crypto adoption success story is Thank you to our sponsors! Crypto.com: http://crypto.com Episode links: Jeremy Allaire: https://twitter.com/jerallaire Circle: https://www.circle.com/en/ Meltem Demirors: https://twitter.com/Melt_Dem Coinshares: https://coinshares.com PayPal offering crypto: https://techcrunch.com/2020/11/12/paypal-says-all-users-in-u-s-can-now-buy-hold-and-sell-cryptocurrencies/ Revolut offering crypto: https://techcrunch.com/2020/07/15/revolut-partners-with-paxos-to-bring-cryptocurrency-trading-to-the-us/
28 min
Unchained
Unchained
Laura Shin
What Fidelity Is Doing With the Bitcoin It's Mined - Ep.200
Christine Sandler, head of sales and marketing at Fidelity Digital Assets, talks about how 30 years in traditional finance and an early retirement led her to Coinbase, and, eventually, Fidelity Digital Assets. She discusses the history of Fidelity's involvement in crypto, how they became one of the first to enter the space, and what the future holds. Topics include: * what Fidelity Digital Assets is and Christine's role there * Christine's background in traditional finance, how she was drawn into the world of cryptocurrencies, eventually working at Coinbase, and how she found her way to Fidelity Digital Assets * the role Fidelity sees itself playing in the digital asset space * how the client base for digital assets has changed over time * how Fidelity approaches the difficulties around explaining what bitcoin and crypto is, and the most common questions they receive * how the pandemic has changed the conversation around digital currencies * the types of services and products Fidelity is considering for the future * the differences Fidelity sees in how international investors are approaching digital currency * Fidelity's plans for a Bitcoin index fund and whether they are considering offering futures * how financial institutions and institutional investors fit into a world of decentralized finance founded with the ethos of excluding them * the regulatory improvements Fidelity is hoping to see * what a Bitcoin ETF would mean for Fidelity * how Fidelity might use a central bank digital currency in its business * Fidelity's thoughts on offering proof of stake services * whether a more deflationary Ethereum might attract more institutional investors * and whether Fidelity will offer Ethereum in the future Thank you to our sponsor! Crypto.com: https://www.crypto.com Episode links: Christine Sandler: https://twitter.com/shoegalnyc Fidelity Digital Assets: https://www.fidelitydigitalassets.com/overview Twitter: https://twitter.com/DigitalAssets Christine leaves Coinbase for FDAS: https://www.coindesk.com/fidelity-poaches-coinbase-institutional-sales-head-christine-sandler Fidelity Center for Applied Technology: https://fcatalyst.com/overview Fidelity Digital Assets looking to become prime broker: https://www.theblockcrypto.com/daily/68920/fidelity-digital-assets-eyes-service-for-introducing-crypto-funds-to-big-investors How the client profile has changed: https://www.theblockcrypto.com/daily/42342/the-client-profile-is-changing-fidelity-digital-assets-exec-says-new-players-are-entering-the-crypto-fold How to Explain Cryptocurrencies and Blockchains to the Average Person Unchained episode: https://unchainedpodcast.com/how-to-explain-cryptocurrencies-and-blockchains-to-the-average-person/ Fidelity expands crypto business to Europe: https://www.coindesk.com/fidelity-to-expand-institutional-crypto-business-to-europe Fidelity obtains New York Trust Charter: https://www.coindesk.com/fidelity-gets-a-new-york-trust-charter-to-custody-bitcoin-for-institutions Bitcoin Index Fund: https://www.forbes.com/sites/michaeldelcastillo/2020/08/26/fidelity-president-files-for-new-bitcoin-fund/?sh=13aa335445c9 Fidelity survey of 800 institutional investors: https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/institutional-investor-study.pdf FDAS hiring: https://www.fidelitydigitalassets.com/articles/engineering-hiring-initiative?ccmedia=owned&ccchannel=social&cccampaign=hiring_blog&cctactics=twitter Kingdom Trust: https://www.coindesk.com/fidelity-digital-assets-to-custody-bitcoin-in-kingdom-trust-retirement-accounts
53 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
Bitcoin Audible (previously the cryptoconomy)
Bitcoin Audible (previously the cryptoconomy)
Guy Swann
Read_465 - All the Bullish Cases for Bitcoin [Brandon Quittem]
Want to hear all of the bullish cases for Bitcoin? Protection for pensions, the fiscal cliff we are speeding toward, capital movement for the wealthy, a safe haven for corporate treasuries, a dominant millennial investment vehicle, & so much more. Bitcoin has so many feedback mechanisms to increase its value, to make it a globally significant asset for every demographic, & potentially to fulfill the role as a new global reserve. All while having a perfectly inelastic supply. The only thing that can adjust, is the price. Today's episode is a fantastic thread from Brandon Quittem for some Thanksgiving Day moon juice! https://twitter.com/Bquittem/status/1327732566191976452 Other episodes & article mentioned in today's Guy's Take section: A Bold American Future: https://bitcoinaudible.com/?p=3901 The Promise of Independent Property Rights: https://bitcoinaudible.com/?p=2556 Guy's Take - The Dominos are Falling: https://bitcoinaudible.com/?p=4634 Guy's Take - The Next Domino... https://bitcoinaudible.com/?p=4883 Magic Gold with Michael Saylor: https://bitcoinaudible.com/?p=4758 Check out our amazing sponsors below for a veritable suite of Bitcoin storage solutions: Hexa wallet is an excellent and versatile mobile storage, with a clever seedless backup, multiple accounts, batching & more. Find out more at GuySwann.com/hexa. Then for a simple, sleek, swiss made, & secure hardware wallet solution for your cold storage, check out the BitBox02! GuySwann.com/BitBox --- Send in a voice message: https://anchor.fm/thecryptoconomy/message
59 min
What Bitcoin Did
What Bitcoin Did
Peter McCormack
Bitcoin is Fourth Turning Money with Brandon Quittem
“Everyone is short Bitcoin, and only 1% of us realise it.” — Brandon Quittem Location: Remotely Date: Thursday 19th November Company: Swan Bitcoin Role: Director of Marketing 2020 has been a year like no other.  With the outbreak of the coronavirus, large parts of the world went into lockdown in an attempt to contain its spread. The virus has been hugely politicised, and government responses have been polarising. Amid the outbreak, the death of George Floyd while in police custody sparked one of the most massive protests in history. What started as a peaceful protest escalated and caused looting and violence. Cities across America implemented curfews, and President Trump threatened to use the military to put an end to the unrest. Most recently, the US election has been marred by controversy. After initially falling behind in the race Joe Biden was declared the winner. However, Trump has so far refused to concede defeat and claims a fraud has been committed on the American people as he attempts to retain power. While the events of 2020 are unexpected, some predicted this unravelling of the world order. In 1996 Neil Howe and William Strauss released their book The Fourth Turning which suggests that every 80-90 years a crisis recurs known as the Fourth Turning. With the Great Depression in the ’30s followed by the Second World War marking the previous crisis period, some think we may be witnessing the next one.  In this interview, I talk to Brandon Quittem, a writer and advisor for Swan Bitcoin. We discuss the Fourth Turning, each 90-year cycle, individualism vs collectivism and the role that Bitcoin plays. This episode’s sponsors: Kraken - The best place to buy, sell & trade Bitcoin BlockFi - The future of Bitcoin financial services Sportsbet.io - Online sportsbook & casino that accepts Bitcoin Casa - The leading provider of Bitcoin multisig key security. ----- WBD282 - Show Notes ----- If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following: Become a Patron and get access to shows early or help contribute Make a tip: Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S QR Codes: Bitcoin If you do send a tip then please email me so that I can say thank you Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed Leave a review on iTunes Share the show and episodes with your friends and family Subscribe to the newsletter on my website Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
The Crypto Conversation
The Crypto Conversation
Brave New Coin
Radical Transparency - How Nansen surfaces the signal on the Ethereum blockchain
Nansen is an analytics platform for the Ethereum blockchain. Nansen combines on-chain data with a massive database of millions of wallet addresses. Nansen helps crypto investors and product teams surface the signal from blockchain data. Guest: Alex Svanevik Why you should listen: Alex Svanevik and his co-founders have worked in the blockchain data space since 2017 and kept seeing the same problem. There was a need to get a better understanding of who the different participants were on a blockchain network. This challenge of trying to understand the different addresses on the Ethereum blockchain was unsolved. The Nansen team knew that knowledge about network participants would be valuable to crypto product builders and potential investors. Alex says “that was our big idea, to help those two customer profiles better understand Ethereum blockchain activity to inform their decision making. Crypto is information inefficient which means there are opportunities to be gained if you are able to gain an insight into blockchain activity.” Alex and his team have been tracking the deposits into the Ethereum 2.0 smart contract and he is excited by the potential of Ethereum 2.0. “I hope that people understand that the transition from Ethereum 1.0 to 2.0 is going to be a long and slow process but many of the challenges that Ethereum has faced will be addressed with 2.0.” Alex says DeFi has had a promising year in 2020 and it has a sustainable future, something that wasn't the case with ICOs. Despite the many smart contract exploits, Alex is not concerned and sees these as part of the evolutionary process and a result of early adopters experimenting and taking risks. “Everything is in an experimental learning phase at the moment that is fraught with risk,” he said. “Right now DeFi is complex and difficult to use. The future of DeFi will be a mix of centralized exchanges that integrate with DeFi protocols. This will improve the user experience and benefit all participants.” Key takeaway: Blockchains represent radical transparency. Investors are able to get real time direct access to what is happening in the markets, something that is not available in the traditional markets. This radical transparency has advantages and disadvantages. On the negative side, some entities would prefer to hide their movements, whether that be purchases, investments, or trades, so there is a lack of privacy to some degree. On the positive side, this transparency creates a higher degree of trust. If you send your money to a centralized exchange, once your assets arrive with them, it is harder to trust that they are safe. However, decentralized on-chain platforms such as Aaave and Compound are inherently transparent and the user can see their transactions and assets on-chain at all times. Supporting links: Nansen Alex on Twitter Andy on Twitter Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.
54 min
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
Untold Stories
Untold Stories
Charlie Shrem | BlockWorks Group
Data Emancipation and The Permissionless Future with Filecoin's Pooja Shah
My guest today is Pooja Shah, Product Lead at Filecoin. Filecoin is a decentralized storage network that turns the world’s unused storage into an algorithmic market, creating a permanent, decentralized future for the web. Prior to joining Filecoin, Pooja worked at Palantir, the leading Big data analytics company for Governments and Intelligence agencies, and started her own company Dagny, a virtual reality platform focused on improving the users productivity. Our conversation touched a wide range of topics in data and crypto. The topics discussed included her time and what she learned at Palantir, VR and it’s roadblocks, Filecoin vs Torrent Platforms she explains how Filecoin is trying disrupt the data industry and what is and why data emancipation is important.  ––– Coingaming was formed when one Australian professional poker player, who knew first-hand the importance of fun, fast and fair gaming, met two Estonian tech whizzes who just so happened to be vanguards of Bitcoin. From there, Coingaming’s ecosystem of brands and products evolved, breathing new life into the gaming industry. Now with 400+ people, Coingaming is behind some of the world’s most innovative crypto gaming brands and is on a mission to further awareness of cryptocurrencies across the globe. ––– Permission Permission.io enables people to earn rewards for doing the same things online they do every day by empowering them to take back ownership of their personal data from Silicon Valley startups. People can now decide which brands and online retailers can target them with ads, and use the rewards earned for viewing them to pay for goods and services available online. Go to www.permission.io/charlie for a sign up bonus. ––– BITTREX GLOBAL DEFI TOKENS from BITTREX GLOBAL. Bittrex Global is offering all of Charlie's listeners the ability to trade DeFi tokens without paying trading or gas fees through the end of 2020. Bittrex Global is the safest and most secure place for you to trade DeFi tokens like Compound, Aave, Balancer and all of the rest of the top tokens. Please visit https://global.bittrex.com/discover/defi to get free trades and no gas fees now. ––– This podcast is powered by BlockWorks Group. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at https://blockworksgroup.io
47 min
The Derivative
The Derivative
RCM Alternatives
Overheard at a Vol Conference, breaking down EQD Global 2020
One of the leading volatility trading and derivatives investing events of the year wrapped up last month and we have lots of thoughts. From new vol dispersion products to  portfolio design, tail-risk management and structural vol; if it’s been a hot topic in 2020 – Global EQD covered it. We’re joined by Jim Carroll, Senior Vice President at Toroso Advisors and John Cummings, Director of Research at RCM Alternatives. There were sessions we agreed with, opinions from some of our favorite finfluencers,  and even some sessions that straight up made us scratch our head. So what was talked about by the likes of Benn Eifert, Chris Cole, Vineer Bhansali, PIMCO, the CBOE, and more?  Take a listen and find out. Chapters: 00:00-02:45 = Intro 02:46-14:21 = Quick Takeaways that Caught Attention 14:22-29:54 = Learning 2020s Lessons / Tail Hedge Protection 29:55-35:20 = Largest Risks for 2021 / What Possible Grenades could be Coming? 35:21-59:56 = Vol Strategies in a Mad World Follow along with Jim (@vixologist) & John (@cummingsjohnb) on Twitter, and make sure to keep up with the team at EQDerivatives (@EQDerivatives) so you don’t miss their next great event. Here’s the event page over at EQD = https://eqderivatives.com/events/global-eqd-2020 And last but not least, don't forget to subscribe to The Derivative, and follow us on Twitter, or LinkedIn, and Facebook, and sign-up for our blog digest. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
1 hr
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
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