Laura Shin
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Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.
Acting Comptroller of the Currency Brian Brooks on Crypto Banks - Ep.196
Brian Brooks got his start in traditional finance before joining Coinbase in 2018 and is currently the acting comptroller of the currency. In this episode, he discusses: how his background in traditional financial services led him to take a position at Coinbase whether the role blockchain and crypto will likely play in the financial future is being recognized at the federal level whether or not banks have always had the authority to custody crypto for their customers how he expects things to unfold in the coming years as banks begin to become more involved in crypto custody his thoughts on Kraken and others launching crypto banks and whether it will lead to the founding of other crypto banks how his office is pushing for a national fintech charter, and how it could affect less crypto-friendly states whether banks that work with crypto companies supporting unhosted wallets are prohibited from holding stablecoin reserves whether or not OCC regulations cover DeFi, and the regulatory challenges that open source protocols present whether he sees a time when governments and regulators participate in the governance of crypto platforms what roles he thinks public and private sectors, as well as commercial banks, should play in the creation of a central bank digital currency what stance the OCC might take around privacy in blockchain transactions how U.S. regulators can offer more clarity to the crypto industry and how he thinks the pandemic, its effect on the economy, and the government’s response through stimulus will affect the crypto industry   Thank you to our sponsor! Crypto.com: https://www.crypto.com   Episode links:  Brian Brooks: https://twitter.com/BrianBrooksOCC Office of the Comptroller of the Currency: https://www.occ.gov   Letter to authorize banks to provide crypto custody services for customers: https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1170.pdf   The significance of the letter for banks and crypto companies: https://www.forbes.com/sites/matthougan/2020/07/27/the-occs-notice-on-crypto-is-a-really-big-deal/#13aad8806301   The OCC’s statement on federally chartered banks and crypto custody: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html   His support for a federal licensing framework for crypto companies: https://www.coindesk.com/us-banking-regulator-suggests-federal-licensing-framework-for-crypto-firms   Questions about the OCC’s stablecoin guidance https://www.coindesk.com/questions-occ-first-guidance-stablecoins   CSBS “One Company, One Exam” policy: https://www.coindesk.com/csbs-firms-explained   Battle with states over federal licensing program: https://www.politico.com/news/2020/08/31/currency-comptroller-reshape-banking-406393    FinCEN’s 2019 Regulatory Guidance: https://www.fincen.gov/news/news-releases/new-fincen-guidance-affirms-its-longstanding-regulatory-framework-virtual   Federal Reserve says it is exploring a central bank digital currency: https://www.coindesk.com/fed-reserve-evaluating-digital-dollar-but-benefits-still-unclear-says-chairman    His view that a CBDC should be designed by the private sector:  https://www.theblockcrypto.com/post/69216/heres-how-brian-brooks-disagrees-with-fed-chair-jerome-powell-on-the-digital-dollar The OCC’s Financial Inclusion Project: https://www.occ.gov/topics/consumers-and-communities/minority-outreach/project-reach.html
Oct 27
48 min
How This DOJ Strike Force Hunts Down Cryptocurrency Criminals - Ep.195
Magistrate judge Zia Faruqui, and Jessi Brooks, assistant U.S. attorney in the national security section at the United States Attorney’s Office, have prosecuted several cryptocurrency-related cases, many of them amongst the most well-known. In this episode, they talk about: how they came to be involved in the prosecution of so many cases involving cryptocurrency the nature of civil forfeiture cases the Al-Qassam Brigades case, which led to the largest ever seizure of a terrorist organization’s cryptocurrency accounts, and the terrorist organization’s use of dynamic addresses in an attempt to elude detection by authorities. how Al Qaeda used Telegram to pursue cryptocurrency donations the case involving ISIS and counterfeit PPE for COVID the process of seizing funds from unhosted wallets the North Korean affiliated Lazarus Group, and how they were able to amass $2580 million worth of cryptocurrency the methods hackers will use to cash out stolen crypto funds to fiat how different government agencies in the U.S., as well as in other countries, are coordinated when tackling these cases the Welcome to Video case and how they went about prosecuting a person in a foreign country how they’ve seen the use of cryptocurrencies by criminals evolve over time and whether or not they think decentralized exchanges will make it easier for criminals and hackers to cash out   Thank you to our sponsor!  Crypto.com: https://www.crypto.com   Episode links:  Jessi Brooks: https://www.linkedin.com/in/jessica-brooks-8289ab32/ Zia’s Faruqui: https://www.linkedin.com/in/zia-faruqui-a73ba11a5/   Three terror-finance cybercrime cases: https://www.justice.gov/opa/pr/global-disruption-three-terror-finance-cyber-enabled-campaigns   The Al-Qassam Brigades case: https://www.justice.gov/opa/pr/global-disruption-three-terror-finance-cyber-enabled-campaigns   Scam PPE site: https://www.wired.com/story/isis-allegedly-ran-a-covid-19-ppe-scam-site/   Civil forfeiture complaint against North Korea-affiliated hackers, Lazarus Group:  https://www.justice.gov/usao-dc/pr/united-states-files-complaint-forfeit-280-cryptocurrency-accounts-tied-hacks-two https://www.justice.gov/usao-dc/press-release/file/1310411/download https://blog.chainalysis.com/reports/lazarus-group-north-korea-doj-complaint-august-2020   Welcome to Video indictment: https://www.justice.gov/opa/pr/south-korean-national-and-hundreds-others-charged-worldwide-takedown-largest-darknet-child   Dark Scandals: https://www.forbes.com/sites/kellyphillipserb/2020/03/13/dark-deja-vu-irs-announces-charges-in-takedown-of-multi-million-dollar-child-exploitation-website-funded-by-bitcoin/#4a09b2ac28ae https://www.justice.gov/usao-dc/press-release/file/1257581/download Jonathan Levin from Chainalysis on Unchained: https://unchainedpodcast.com/how-bitcoin-led-to-the-demise-of-the-largest-child-porn-site/
Oct 20
1 hr 4 min
SEC Commissioner Hester Peirce on BitMEX, DeFi and a Token Safe Harbor - Ep.194
Hester Peirce, AKA “Crypto Mom,” was just confirmed to a second term as SEC Commissioner of the Securities Exchange Commission in August. In this episode, she talks about: the reasons for her dissent in the Unikrn Settlement and what she believes would have been a proper penalty the current status of her token safe harbor proposal her thoughts on fair launch projects as opposed to traditional VC-backed tokens her view on how the SEC should view airdrops her thoughts on whether existing securities laws could be tweaked as opposed to implementing a safe harbor whether she thinks DeFi governance tokens should be considered securities her thoughts on DeFi playing its own regulatory role her thoughts on the Securities Clarity Act introduced in Congress the chances of a Bitcoin ETF being approved by the SEC in the future the charges against BitMEX and the effect it may have on the industry in general stablecoins, and how they might raise securities issues and whether she thinks that all securities could one day be tokenized Thank you to our sponsor! Crypto.com: https://www.crypto.com   Episode links:  Hester Peirce: https://twitter.com/HesterPeirce SEC: https://www.sec.gov   Her dissent on the Unikrn settelement: https://www.sec.gov/news/public-statement/peirce-statement-settlement-charging-token-issuer   Unconfirmed interview on her safe harbor proposal: https://unchainedpodcast.com/sec-commissioner-hester-peirce-on-her-safe-harbor-proposal/ Her token safe harbor proposal: https://www.sec.gov/news/speech/peirce-remarks-blockress-2020-02-06   Unchained interview with Cmr. Peirce: https://unchainedpodcast.com/sec-commissioner-hester-peirce-come-talk-to-the-sec/   Proposal in The Block on ways to amend existing securities law instead of issuing a token safe harbor: https://www.theblockcrypto.com/post/57207/case-for-reg-a-response-commissioner-peirce-sec-token   Is UNI a security: https://www.theblockcrypto.com/post/78231/uniswap-token-security-debate   FCA banning crypto derivatives and ETNs: https://www.coindesk.com/fca-bans-sale-of-cryptoderivatives-to-retail-consumers-in-uk https://www.theblockcrypto.com/post/79911/uk-regulator-fca-bans-crypto-derivatives-retail-users   Securities Clarity Act: https://www.theblockcrypto.com/post/78231/uniswap-token-security-debate   Statement on ATS’s: https://www.sec.gov/divisions/marketreg/mr-noaction/2020/finra-ats-role-in-settlement-of-digital-asset-security-trades-09252020.pdf   SEC chairman Jay Clayton says all stocks could be tokenized: https://www.theblockcrypto.com/post/79783/all-stocks-tokenized-sec-chairman-clayton
Oct 13
28 min
Can Solana Seize Marketshare From Ethereum With Serum? - Ep.193
Sam Bankman-Fried, the CEO of FTX and Alameda Research,  and Anatoly Yakovenko,  the co-founder and CEO of Solana Labs, discuss the Project Serum ecosystem that they are building on the Solana blockchain, and the unique approach to scaling the Solana blockchain is taking. In this episode, they talk about: their backgrounds, and how they became involved in crypto why Solana takes a different approach to scaling and how it is implemented why they think a relatively lower number of nodes is sufficient to protect from attacks or collusion what the vision for Solana is, who they see using it, and how Serum fits into that vision why they think there haven’t been more crypto projects migrating to Solana yet Solana’s proof-of-history algorithm and how it works how Solana plans to attract DeFi developers why Serum was made interoperable with Ethereum the types of traders they are hoping to attract with Serum, and what their experience will be like on the platform why Project Serum is an ecosystem and not just an order book exchange how high-frequency trading firm Jump Trading came to adopt Serum how Serum will manage trading tokens from different chains the purpose of Serum’s two tokens, SRM and MSRM and what’s in store for Project Serum in the future   Thank you to our sponsors!  Crypto.Com: https://www.crypto.com Gods Unchained: https://playgu.co/unchainedpod   Episode links:  Anatoly Yakovenko: https://twitter.com/aeyakovenko Solana: Solana.com Sam Bankman-Fried: https://twitter.com/SBF_Alameda Project Serum: https://www.projectserum.com Project Serum on Twitter: https://twitter.com/projectserum   Solana CoinList auction in March: https://www.theblockcrypto.com/linked/59952/blockchain-project-solana-raises-1-76m-from-its-launch-auction-on-coinlist   Solana network stats: https://explorer.solana.com   The Block Research on Solana: https://www.theblockcrypto.com/genesis/76615/solana-blockchain-overview   Proof of history:  https://medium.com/solana-labs/proof-of-history-a-clock-for-blockchain-cf47a61a9274   Serum: https://www.theblockcrypto.com/daily/72924/ftx-dex-serum-solana-blockchain   Tether: https://medium.com/solana-labs/tether-to-bring-usdt-to-the-solana-network-77864184b20 Jump Capital: https://www.theblockcrypto.com/post/76826/veteran-market-maker-jump-trading-forays-into-defi-to-provide-liquidity-for-ftxs-solana-based-dex
Oct 6
1 hr 11 min
Why Bitcoin Now: Andreas Antonopoulos and Dan Held on Bitcoin’s Monetary Policy - Ep.192
Andreas M. Antonopoulos, speaker, educator, and the author of Mastering Bitcoin, Mastering Ethereum, and The Internet of Money, Volumes 1, 2, and 3, and Dan Held,  growth lead at Kraken Digital Asset Exchange, discuss the core features of Bitcoin's monetary policy, including how it differs from traditional central bank monetary policy, what gives it value and yet how it seems to have derived value from thin air. Plus, we talk about how the coronavirus pandemic will affect Bitcoin. In this episode, we cover: how monetary policy in general is defined the core feature of Bitcoin’s monetary policy, and how it differs from previous forms of money the similarities and differences between Bitcoin and gold why the hard cap on Bitcoin is unique and so important the difficulties in analyzing and classifying Bitcoin whether or not transaction fees alone can sustain the network once all 21 million Bitcoin have been minted if Bitcoin will be able to fulfill its original vision of democratizing finance and serving as an everyday medium of exchange why they think Bitcoin has recently been more correlated with the stock market their thoughts on the stock to flow model and whether it works for Bitcoin how they think the coronavirus, unprecedented quantitative easing, and increasing inflation will impact Bitcoin’s adoption and price how crypto banks that don’t conduct fractional reserve banking or lending might change the economy   Thank you to our sponsors!  Crypto.com: http://crypto.com Gods Unchained: https://playgu.co/unchainedpod   Episode links:  Andreas Antonopoulos: https://aantonop.com On Twitter: https://twitter.com/aantonop YouTube: https://www.youtube.com/c/aantonop/ Dan Held: https://www.danheld.com On Twitter: https://twitter.com/danheld   Dan Held on Bitcoin's monetary policy: https://medium.com/the-bitcoin-times/information-theory-of-money-36247aebdfe1   Dan Held on Bitcoin's security model: https://www.danheld.com/blog/2019/6/16/bitcoins-security-is-fine   Unchained interview with Saifedeam Ammous: https://unchainedpodcast.com/why-bitcoin-now-saifedean-ammous-on-why-bitcoin-is-the-most-advanced-form-of-money/   Mises’ Regression Theorem: https://mises.org/library/bitcoin-regression-theorem-and-emergence-new-medium-exchange   Stock to flow model: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25   https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12   Why the stock-to-flow model is wrong: https://www.coindesk.com/why-the-stock-to-flow-bitcoin-valuation-model-is-wrong   Federal Reserve announcement about letting inflation run higher than normal to achieve a 2% target rate of inflation: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200827a.htm Kraken launching the first crypto bank: https://unchainedpodcast.com/the-first-crypto-bank-what-kraken-financial-will-do-and-how/
Sep 29
1 hr 43 min
How Matthew Leising Confronted His Suspects in the DAO Attacks - Ep.191
Matthew Leising, a reporter at Bloomberg who began covering crypto in 2015, is out with a new book Out of the Ether: The Amazing Story of Ethereum and the $55 Million Heist that Almost Destroyed It All. In this episode, he discusses: the catalyst that led to him writing his new book, which covers the early history of Ethereum and the DAO attack of 2016 why he thought the story of the DAO hack was compelling enough to make a book, and how he went about reporting it the surprising things he learned about Ethereum’s early days and Vitalik the twists and turns during his quest to discover the identity of the DAO attacker why he thinks separate people were responsible for the two biggest DAO attacks his meeting in Tokyo with one of the prime suspects of a copycat DAO attack why he decided to end his story at the Ethereum hard fork and chose not to write about Ethereum Classic  what he feels the long-term significance of the DAO and the hard fork has been for Ethereum why he thinks the lessons of the DAO are not being heeded today what he thinks the next chapter of Ethereum will be and how it will unfold the differences he’s found as a journalist covering crypto as opposed to covering more traditional finance and how the book is about more than just the DAO   Thank you to our sponsors!  Crypto.com: https://www.crypto.com Gods Unchained: https://playgu.co/unchainedpod   Episode links:  Matthew Leising: https://twitter.com/mattleising Out of the Ether: The Amazing Story of Ethereum and the $55 Million Heist that Almost Destroyed It All: https://www.wiley.com/en-us/Out+of+the+Ether%3A+The+Amazing+Story+of+Ethereum+and+the+%2455+Million+Heist+that+Almost+Destroyed+It+All-p-9781119602934   Matt's original Bloomberg article on the DAO attack, "The Ether Thief": https://www.bloomberg.com/features/2017-the-ether-thief/   Excerpt in Bloomberg: https://www.bloomberg.com/news/articles/2020-09-16/a-trip-down-the-crypto-rabbit-hole-in-search-of-the-dao-hacker   Excerpt in CoinDesk: https://www.coindesk.com/55m-hack-ethereum-down Decrypt's interview with Matt about the book: https://decrypt.co/41952/book-sheds-new-light-on-ethereums-55-million-dao-hack
Sep 22
1 hr 7 min
Andre Cronje of Yearn Finance on YFI and the Fair Launch: 'I'm Lazy' - Ep.190
Andre Cronje, the developer of yearn.finance, talks about all things DeFi and the past, present, and future of yEarn. In this episode, he discusses:   what Yearn Finance is, and what led him to develop it and eventually open it to the public his history and background, leading up to the development of Yearn the processes and mechanisms involved in yEarn v1 and yEarn v2 why he decided to do a "fair launch" of the YFI token, despite being in debt as a result of building Yearn why he felt that a Decrypt article about him in August was a "horrible hatchet job" why he disagrees with what he sees as the current anti-VC narrative his thoughts on the phenomenal rise in YFI's price and why the price of a YFI token still doesn't matter how and why he decided governance participation would be a requirement for earning tokens in the Balancer/yCurve/YFI pool the governance processes in Yearn and his thoughts on whether or not a Compound-style form of governance would be better how he might mitigate whales dominating the vote what he means by "I test in prod" and how people have misinterpreted his meaning why he briefly walked away from DeFi whether he agrees that YFI could be a new structure to replace existing traditional business structures his response to the allegations by XAR Network whether he would consider moving Yearn to another blockchain his vision for what Yearn can become and how much YFI he currently owns personally   Thank you to our sponsors!  Crypto.com: http://crypto.com Gods Unchained: https://playgu.co/unchainedpod   Episode links:  Andre Cronje: https://twitter.com/AndreCronjeTech Yearn Finance: https://yearn.finance https://docs.yearn.finance   CoinDesk on Yearn: https://www.coindesk.com/what-is-yearn-finance-yfi-defi-ethereum   The Block report on yEarn Finance: https://www.theblockcrypto.com/genesis/75189/defis-yield-aggregator-dao-yearn-finance   Post introducing $YFI: https://medium.com/iearn/earning-yfi-y-curve-fi-53b5fd347f0f   Delegated vaults: https://medium.com/iearn/delegated-vaults-explained-fa81f1c3fce2 V2: https://medium.com/iearn/yearn-finance-v2-af2c6a6a3613   Delphi Digital report on yETH yVault: https://www.delphidigital.io/reports/yeth-now-do-you-understand/   yETH collateralization ratio: https://defiexplore.com/cdp/13972   Tony Sheng newsletter: https://tonysheng.substack.com/p/yfi-ponzinomics   Yearn Governance: https://medium.com/iearn/yearn-governance-forum-7b7c9d0300ac   yInsure Finance: https://medium.com/iearn/yinsure-finance-a-new-insurance-primitive-77d5d4217896   Delegated funding DAO vaults: https://medium.com/iearn/delegated-funding-dao-vaults-7ab05a63d7ba    Siege Rhino question about governance: https://twitter.com/SiegeRhino2/status/1303415750238101504?s=20   Andre’s “Building in DeFi Sucks” post: https://medium.com/@andre_54855/building-in-defi-sucks-b8fdfda0ef58?source=---------17------------------ Andre quits in February: https://decrypt.co/21068/founder-of-promising-defi-project-abandons-the-toxic-cryptosphere Andre close to quitting in August: https://decrypt.co/37995/exclusive-yfi-andre-cronje-broke-quitting-defi   What Andre wishes he had known before building Ethereum dapps: https://medium.com/iearn/things-i-wish-i-knew-before-building-ethereum-defi-dapps-cd6bf0f07a16   
Sep 15
1 hr 10 min
Olaf Carlson-Wee: 'If There Is a Money-Losing Exploit, the Money Is Gone' - Ep.189
Olaf Carlson-Wee, the founder and CEO of Polychain Capital, goes deep into yield farming, fair launches and how decentralization will upend the traditional notion of the corporation. In this episode, he talks about: when it makes sense for a team to introduce a liquidity mining scheme, and when it doesn't the difference between yield farming and ICOs when it comes to investing his thoughts on YFI, as well as YAM, and the pace at which unaudited DeFi projects are moving forward the three advantages he sees in automated market makers as opposed to centralizedexchanges his thoughts on Uniswap and SushiSwap and why he's not sure Uniswap will make a token his thoughts on fair launches and whether he thinks they will threaten traditional crypto VCs whether the CRV token launch really was instigated by someone unrelated to the team his thoughts on the yEarn yETH vault and what it says about where the DeFi space is going what he sees as the pros and cons of rebasing why he sees projects like YFI as a new kind of corporation whether he thinks Ethereum will scale fast enough to meet the demand already being put on it why he thinks systems like Polkadot are going to expand what is possible in the same way that Ethereum expanded beyond what was possible with Bitcoin whether he thinks the yields from yield farming will pull investors away from staking on Ethereum 2.0 what he thinks DeFi teams should do to improve security Bitcoin on Ethereum and what he believes it could mean for DeFi in the future the chatter around a potential public offering from Coinbase, and what's in store for Polychain in the future   Thank you to our sponsor!  Crypto.com: https://crypto.com/   Episode links:  Olaf Carlson-Wee: https://www.linkedin.com/in/olafcw/ Polychain Capital: https://polychain.capital   Previous interviews with Olaf on Unchained and Unconfirmed: https://unchainedpodcast.com/why-the-first-employee-of-coinbase-launched-a-hedge-fund/   https://unchainedpodcast.com/to-the-moon-and-back-with-polychains-olaf-carlson-wee/   https://unchainedpodcast.com/special-episode-with-cnbcs-crypto-trader-olaf-carlson-wee-on-why-this-crypto-winter-is-different-from-previous-ones-ep-028/   https://unchainedpodcast.com/all-things-cryptoeconomics-pt-1-with-olaf-carlson-wee-and-ryan-zurrer-of-polychain-capital/   Why trading on automated market makers has risen so quickly: https://unchainedpodcast.com/why-decentralized-trading-has-10xed-in-a-few-months/    Launch of yEarn/YFI: https://medium.com/iearn/yfi-df84573db81   Dex volume over time: https://defiprime.com/dex-volume   YAM recap: https://www.theblockcrypto.com/post/74810/yam-token-market-cap-collapses-by-more-than-90-flaw   YAM team’s plans going forward: YAM Post-Rescue Attempt Update. At approximately 6PM UTC, on Wed August… | by Yam Finance | Aug, 2020 | Medium   SushiSwap vs. Uniswap: https://unchainedpodcast.com/sushiswap-takes-on-uniswap-which-should-win-and-why/   Ian Lee of IDEO CoLab Ventures on fair launches vs. VC coins: https://synthesis.substack.com/p/fair-launches-will-disrupt-crypto   And on fast-follower forks: https://synthesis.substack.com/p/fast-follower-forks-in-defi   CRV token launch: https://www.theblockcrypto.com/genesis/74921/the-story-of-the-botched-crv-launch   yEarn's yETH vault: https://www.coindesk.com/yearn-finance-yeth-vault-defi-triforce   Ethereum's transition to 2.0: https://unchainedpodcast.com/vitalik-buterin-on-ethereums-five-year-anniversary/   Security in DeFi: https://unchainedpodcast.com/defi-security-with-so-many-hacks-will-it-ever-be-safe/ Whether Coinbase will do a token offering when it goes public: https://unchainedpodcast.com/will-coinbase-do-a-token-offering-when-it-goes-public/
Sep 8
1 hr 9 min
Why Decentralized Trading Has 10Xed in a Few Months - Ep.188
Haseeb Qureshi, managing partner at Dragonfly Capital, and Dan Robinson, research partner at Paradigm, discuss the explosion in decentralized exchange activity on automated market makers from $1 billion earlier this year to more than $10 billion in August.  Why trading in automated market makers has 8xed in a few months how automated market makers work, and how specific dexes can specialize for the assets being traded on them why traders would prefer to trade on a dex vs. a centralized exchange how incentivized pools have drawn traders and liquidity  why trading on a dex seems can be more appealing than on a centralized exchange why trading on dexes now mirrors trading on Binance in 2017 how "DeFi is the hottest coolest place where people are making a lot of money" the difference between the metrics of liquidity, trading volume and total value locked for a dex why AMMs are capital inefficient what it means that fees paid on Uniswap are about half of those paid on Bitcoin  what the purpose of liquidity mining is why Haseeb doesn't think that dexes have network effects and that once professional market makers come in the space, Uniswap will lose market share whether users will use DeFi directly through the dexes or through another interface why Dan thinks that DeFi is now comparable to financial investment in the 1970s  whether or not yield aggregators like yEarn make it harder for AMMs to compete what happened with the CRV token launch initial dex offerings or initial DeFi offerings, like the UMA token launch whether, because of the high fees on Ethereum and the how long its transition to Ethereum 2.0 will take, DeFi activity could move to another blockchain such as Solana where DeFi will go over the next few years   Thank you to our sponsor!  Crypto.com: http://crypto.com   Episode links:  Haseeb Qureshi: https://twitter.com/hosseeb Dan Robinson: https://twitter.com/danrobinson   Haseeb’s post on the rise of AMMs: https://medium.com/dragonfly-research/what-explains-the-rise-of-amms-7d008af1c399   Haseeb's post on how Uniswap could be un-bundled: https://medium.com/dragonfly-research/unbundling-uniswap-the-future-of-on-chain-market-making-1c7d6948d570   Dex volume: https://defiprime.com/dex-volume   Trading volume on centralized exchanges: https://www.theblockcrypto.com/genesis/74539/july-by-the-numbers-a-look-at-crypto-exchange-volumes-open-interest-and-miner-revenue   Incentivized pools: https://pools.fyi/#/?tag=incentivized   Top dexes by trading volume: https://www.coingecko.com/en/dex   Ethereum transaction fees: https://bitinfocharts.com/comparison/ethereum-transactionfees.html    Uniswap website visits 15x in July: https://messari.io/article/uniswap-total-website-visits-grew-15x-in-july   Website traffic to DeFi platforms explodes in July: https://www.theblockcrypto.com/post/74231/defi-platforms-web-traffic-july   Fees paid to various crypto projects: https://cryptofees.info   Curve reaches $1 billion in TVL: https://www.theblockcrypto.com/linked/75014/curve-becomes-third-defi-protocol-to-hit-1-billion-in-total-value-locked   The Block on dex aggregators: https://www.theblockcrypto.com/genesis/69468/dex-aggregators-user-experience   Delphi Digital on aggregators and why dexes will be like airlines: https://www.delphidigital.io/reports/dex-wars-and-aggregation-theory/ https://www.delphidigital.io/reports/are-amms-the-airlines-of-crypto/ https://twitter.com/ZeMariaMacedo/status/1298589417855168518?s=20   Mooniswap: https://www.theblockcrypto.com/linked/74454/1inch-launches-automated-market-maker-mooniswap   Yield aggregators: https://www.theblockcrypto.com/genesis/75189/defis-yield-aggregator-dao-yearn-finance   How DeFi is affecting OTC desks: https://www.theblockcrypto.com/daily/75870/defi-otc-desks-lunch   Serum on Solana: https://www.theblockcrypto.com/daily/72924/ftx-dex-serum-solana-blockchain   CRV launch: https://www.theblockcrypto.com/genesis/74921/the-story-of-the-botched-crv-launch   UMA token launch: https://www.theblockcrypto.com/genesis/63611/uma-token-sale-retrospective   Serum on Solana: https://medium.com/solana-labs/ftx-chooses-solana-for-serum-a-high-speed-non-custodial-decentralized-derivatives-exchange-c346a27c1f2b   https://www.coindesk.com/uniswap-ftx-perpetual-futures  
Sep 1
1 hr 10 min
Why Bitcoin Now: Saifedean Ammous on Why Bitcoin is the Most Advanced Form of Money - Ep.187
Saifedean Ammous is an economist and the author of The Bitcoin Standard: The Decentralized Alternative to Central Banking, which has been translated into 20 languages. In this episode, he discusses: the basic tenets of Austrian economics and why it is the only school where Bitcoin is possible historical examples of currencies and how they lost their monetary value the stock-to-flow model and how Bitcoin fits into that model the three functions, or descriptive properties, of money and why Bitcoin fulfills these functions the concept of sound money the idea of time preference in economics and why he believes it is so important the distinction between debt and money, and why they are not the same the significance of difficulty adjustment and why he believes it is the crowning achievement of Bitcoin why he views Bitcoin as the best store of value humanity has ever invented the metrics he watches when assessing Bitcoin what he thinks is in store for Bitcoin in the future, and whether he still thinks central banks will buy Bitcoin as a reserve currency his thoughts on Ethereum and other digital currencies and his predictions for Bitcoin in the next year   Thank you to our sponsor!  Crypto.com: https://crypto.com/   Episode links:  Saifedean Ammous: https://twitter.com/saifedean Saifedean’s website: https://saifedean.com   The Bitcoin Standard: https://saifedean.com/book/   Invest Like the Best episode with Saifedean: http://investorfieldguide.com/ammous/   What Bitcoin Did episode with Saifedean: https://www.whatbitcoindid.com/podcast/saifedean-ammous-on-understanding-bitcoin-economics   Plan B’s stock-to-flow model applied to Bitcoin: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25 https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12 Essay on why the stock-to-flow model is wrong: https://www.coindesk.com/why-the-stock-to-flow-bitcoin-valuation-model-is-wrong
Aug 25
1 hr 5 min
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