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Author: 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.
195 Episodes
Dave Jevans, CEO of CipherTrace, and Siân Jones, Senior Partner at XReg Consulting, give the lowdown on the Financial Action Task Force’s travel rule and how it applies to businesses in the crypto space. They discuss: their background and journey into crypto what the travel rule is the consequences for countries that are not compliant whether the regulation will apply to staking providers in the future the type of companies and transactions that will be covered under the travel rule the type of information that has to be provided  how banks comply with the travel rule and whether crypto companies can use the same system the different open standards available for sharing information how the information will get shared between entities who use different travel rule solution providers the “sunrise problem” in which different companies implement their compliance systems at different times the security of user data being shared between different entities how it applies to central bank digital currencies and centralized stablecoins how the rule would affect privacy coins the inherent contradiction between the cypherpunk philosophy and regulatory compliance unintended consequences of the travel rule how the travel rule may play out in the coming years A glossary of terms discussed in the episode:  FATF: Financial Action Task Force, an intergovernmental organization that develops policies to combat money laundering and terrorist financing VASP: virtual asset service providers, who are custodial entities that run fiat-to-crypto or crypto-to-crypto exchanges, or run businesses related to transfer and safekeeping of virtual assets and financial services. FinCEN: Financial Crimes Enforcement Network, the United States federal bureau that analyzes information about financial transactions in order to fight money laundering, terrorist financing, and other financial crimes FCA: Financial Conduct Authority, the financial regulatory body of the UK   Thank you to our sponsors!  Tezos:   Episode links:  Dave Jevans: CipherTrace: Sian Jones: XReg Consulting: Financial Action Task Force (FATF):   The Osaka conference where crypto got serious about FATF’s travel rule:   Will Osaka be crypto’s Bretton Woods moment?   InterVASP Messaging Standard: OpenVASP: OpenVASP white paper:   FATF report on “so-called stablecoins”:   OKEx’s Korea arm delisted privacy coins:   Some of the potential FATF compliance solutions:  Travel Rule Information Sharing Alliance (TRISA): Coinbase’s messaging board solution: CoolBitX: Notabene: ING: Recent travel rule meeting: Bitcoin Improvement Proposal (BIP) 75:  
Vitalik Buterin, co-founder of Ethereum, shares his thoughts on the five-year anniversary of Ethereum, challenges with ETH 2.0 and criticisms about DeFi. We discuss: his thoughts and feelings ahead of Ethereum’s five-year anniversary how to address the high gas fees on the Ethereum network whether the complexity of Ethereum 2.0 creates a risk for the security of the network whether staking will lead to a higher focus on ETH price and issues such as monetary policy  how he looks at the ETH price with its significance for security in Ethereum 2.0 how proof of stake systems can be more democratic whether staking lends itself to the kind of securitization that looks similar to mortgage-backed securities his concerns about DeFi the most optimal way for DeFi projects to distribute their tokens his thoughts about Bitcoin on Ethereum inherent risks to Ethereum users connected to China’s Blockchain Service Network (BSN) his views on DCEP, other CBDCs and Libra the indictment of Ethereum Foundation staff member Virgil Griffith for allegedly helping North Korea to circumvent sanctions how he plans to make the Ethereum Foundation more transparent whether lack of diversity would impact the success of Ethereum in the long term where he would like to see Ethereum in the next five years Thank you to our sponsors!  Tezos:   Episode links:  Vitalik Buterin: Ethereum: Vitalik’s blog:   Median gas price: Average gas price:   Solutions to gas price problem:   Reddit AMA with the Ethereum 2.0 Research team, including Vitalik:   Paper on how DeFi lending could undermine security in a POS system:   Vitalik tweet on yield farming:   Abra settlement with SEC and CFTC:   Maya Zehavi’s comments on what this could mean for DeFi:   China’s BSN using public chains, including Ethereum:   Unchained interview about DCEP:   Charges against Virgil Griffith:   More on Virgil Griffith case:   Unchained interview with human rights activist Yeonmi Park on what life is like in North Korea:   Unchained interview on why North Korea is interested in cryptocurrency:   Case against Steven Nerayoff:
Camila Russo, founder of The Defiant and author of a new book on Ethereum, "The Infinite Machine," speaks about how currency controls in Argentina got her interested in crypto and explains why she chose to tell the Ethereum story. She discusses: how she started covering the crypto space what it was like living through currency controls in Argentina why she started focusing on Ethereum instead of Bitcoin what’s in her new book, The Infinite Machine the most pivotal moments in Ethereum’s history possible risks to Ethereum 2.0 because of delays whether competing protocols could take market share away from Ethereum the most surprising aspect of the Ethereum story starting her own DeFi-focused media platform, The Defiant why she launched ‘CAMI’ tokens and how they are used the significance of ERC-20 tokens having a higher market cap than ETH her predictions about trends and promising projects in the DeFi space   Thank you to our sponsors!  Tezos:   Episode links:  Camila Russo: The Infinite Machine: The Defiant:   Excerpt from The Infinite Machine on CoinDesk:   Decrypt review:   Camila on what Ethereum has accomplished in five years:   Hidden Forces podcast with Camila:   Camila in the Keen On podcast: Ethereum 2.0 phase 0 may not go live until 2021:
Niall Ferguson, Milbank Family Senior Fellow at the Hoover Institution at Stanford University, and the author of numerous books including The Ascent of Money: A Financial History of the World and most recently, the Square and the Tower: Networks and Power from the Freemasons to Facebook, and Michael Casey, chief content officer at CoinDesk and coauthor of two books on crypto, The Age of Cryptocurrency and The Truth Machine, discuss the history of money and the macro environment for Bitcoin. We cover: how they became involved in crypto historically, what has made things money, or how people have decided that something is money the difficulty of managing fiat currency modern monetary theory and the role of the state in the financial system Satoshi’s message in BTC’s genesis block and what that indicates about Satoshi's intentions with Bitcoin  whether a more transparent, blockchain-based financial system could eventually lead to a new financial order how Bitcoin behaves like an option on digital gold, and when it will behave like digital gold whether Bitcoin is simply a reversion to previous forms of money that weren’t controlled by the state how crypto/blockchain and fintech innovation from startups and the Chinese government will affect the USD how a hypothetical war between the US and China would affect the dollar's dominance how China's DCEP could disintermediate banks  how Bitcoin fits into all of the different macro conditions facing the global economy whether Libra is going to be the initial gateway getting people into our digital currency world how well the recovery from coronavirus will go, and how it will affect the development of the crypto space in the near-term   Thank you to our sponsors!   Tezos:   Episode links:    Niall Ferguson:   The Ascent of Money:   Michael Casey:   Money Reimagined: The Age of Cryptocurrency:   The first episode in the Why Bitcoin Now series: Mike Novogratz and Raoul Pal on 'the Single Greatest Brand' ofo the Last 10 Years:   How Niall got into Bitcoin:   Niall and Michael at Consensus:   Unchained interview with Chamath Palihapitiya, who believes Bitcoin is a hedge on everything blowing up:   Carlota Perez at CoinDesk's Consensus:   Unchained interview about the DCEP:   Unchained interview with Christopher Giancarlo about a digital dollar:   Unconfirmed episode with Michael about Libra: Unchained episode with a co-creator of Libra:
Dan Elitzer, investor at IDEO CoLab Ventures, and Will Price, data scientist at Flipside Crypto, discuss the yield farming craze. In this episode, we cover: the goals of protocols offering liquidity mining the goals of users yield farming right now whether users of Compound will have much awareness of COMP in the future how Compound is trying to dampen inorganic activity and properly align incentives  how incentives in one DeFi protocol can screw up another's such as changes in Compound's liquidity mining program causing Dai to lose its peg whether the activity created by liquidity mining is sustainable and how whether Compound is overvalued and how to determine valuations for DeFi tokens the security risks that come with trying yield farming how teams can keep their protocols safe given the composability of DeFi and the growing number of developments in the space whether the yield farming craze will cause the price of ETH to rise and why the prevalence of stablecoins might prevent that whether new DeFi tokens could push flagging layer 1s out of the top 10 what will happen if even more Bitcoin comes to DeFi how the next big thing in DeFi might be trying to stack yield across protocols and eventually prime brokerage protocols Thank you to our sponsor!   Episode links:  Dan Elitzer: IDEO CoLab Ventures: Will Price: Flipside Crypto:   Total value locked in Compound:   What liquidity bootstrapping pools are:    Dan on earning more from borrowing USDT than lending it on Compound:    Tony Sheng on how yield farming works and how much you can earn from it:   And his followup on the risks of yield farming:   The purpose of COMP for governance:   Risks of so much BAT being held in Compound:   Cyrus of MakerDAO concerned about the risks COMP poses to the Dai peg:   Dan Guido and Taylor Monahan on Unchained discussing DeFi security:   Twitter discussion on whether ETH price will rise due to yield farming:   What will happen to other Layer 1s?  Aquaponic yield farming:
This episode is the first in a series, Why Bitcoin Now, that takes a deeper dive into Bitcoin and the history of money in the macroeconomic environment of the coronavirus. Mike Novogratz, founder, CEO and chairman of Galaxy Digital, and Raoul Pal, founder and CEO of Global Macro Investor and Real Vision Group, tell us where they think Bitcoin is going amidst this macro uncertainty and the global crisis due to the coronavirus. We discuss:  why Bitcoin’s price hasn't risen in price due to the global turmoil, and instead fell with the rest of the market on Black Thursday  why quantitative easing is the catalyst for institutional investors to turn to Bitcoin, but why that takes time, and why registered investment advisors may be on the cusp why they think retail investors will continue to buy Bitcoin despite record unemployment why Bitcoin will benefit from social unrest why any particular country's success in dealing with the coronavirus won’t really lessen the economic impact there whether China's first-mover advantage with the DCEP and its comprehensive enterprise blockchain initiatives will undermine the global dominance of the US dollar  why they believe there will ultimately be a dollar-based stablecoin  why they believe Libra will be a strong player in the future of stablecoins  how election outcomes, and in particular a potential movement to break up Big Tech, could affect Bitcoin and the vision for Web3 whether Ethereum, and staking, will see more adoption from institutional investors  why they believe yield farming is ultimately not sustainable, but still profitable the impact the Bitcoin halving will have in this macroeconomic environment Unchained is hiring!  Check out our job listing for a remote editorial assistant here! Thank you to our sponsors! Kelman Law:  Stellar:  Episode links:  Mike Novogratz: Galaxy Digital: Raoul Pal: Real Vision: Unchained interview with Kyle Samani on what happened in the crypto markets on Black Thursday: Unconfirmed interview with Antoine Le Calvez on what happened on BitMEX during Black thursday: Unchained interview with Chamath Palihapitiya on Bitcoin: Brian Armstrong tweet about deposits to Coinbase the same size as the $1,200 stimulus check: China's DCEP and blockchain initiative: Unchained interview on Libra: Unconfirmed interview with the Libra Association's Dante Disparte: Unconfirmed interview with Michael Casey on why it would it would be good if Libra rivaled the USD: Christopher Giancarlo's digital dollar project: Ethereum 2.0 staking: Unconfirmed with Kain Warwick on COMP's launch: Unconfirmed interview with Tony Sheng on yield farming:
Chamath Palihapitiya, the CEO of Social Capital and chairman of Virgin Galactic, talks about a wide range of issues, including Bitcoin, COVID, civil unrest, and broad economic trends and forecasts. We discuss: Whether his economic forecasts have shifted throughout COVID Why he believes a debt crisis will occur How he views the success of BTC as a hedge against the ruling class How the economic pendulum will swing back toward consumers Why he doesn't mind if big corporations and hedge funds get wiped out Whether he subscribes to the thesis that Bitcoin is uncorrelated  Why the pandemic has not spurred institutional adoption of crypto Why he sees no merit in Ethereum How the economy will become more decentralized in the future and whether blockchain will be a part of it  Why he prefers SPACs over ICOs Why he started capital as a service  Why he believes the government should bust up large corporations Unchained is hiring! I'm looking for a remote editorial assistant. If you love crypto and have journalism experience, get in touch! Thank you to our sponsors! Stellar:  Kelman Law:  Episode links:  Chamath Palihapitiya: Social Capital: Turmoil at Social Capital: 2019 interview with Kara Swisher: Chamath on Recode Decode in 2020: Fed buying up to $250 billion in individual corporate bonds: CNBC interview where he says Bitcoin is an uncorrelated hedge: SPAC: China’s blockchain efforts: Capital as a service: 2019 investor letter: At Stanford GSB:
At an event at the NYU Stern School of Business, Christopher Giancarlo, former CFTC Chairman and co-founder of the Digital Dollar Foundation, discusses his proposal for a US central bank digital currency (CBDC), and how that fits into the broader geopolitical environment. We cover: Why he has focused on pushing for a US digital dollar after leaving the CFTC How a US CBDC would be different from other stablecoins How the proposal is designed to build off of the traditional banking infrastructure What pilot programs would look like How a digital dollar would foster economic inclusion even though using the digital dollar requires owning a smartphone How it would handle privacy How the network would be secured Whether the US is falling behind China in terms of central bank digital currencies and blockchain exploration Whether Libra will be a proxy for the digital dollar How COVID-19 has affected the discourse around a digital dollar Whether the election will affect the future of the digital dollar Unchained is hiring! Check out our job listing for a remote editorial assistant here! Thank you to our sponsors! Kelman Law:   Stellar: Episode links:  Chris Giancarlo: Digital Dollar Project : Previous Unchained interview with Chris:  Chris and Daniel Gorfine’s WSJ op-ed advocating for a digital dollar: Digital dollars in stimulus bills — March:  April: Pew Research on smartphone adoption: FDIC survey on the unbanked and underbanked: Banks keeping some of customers’ stimulus money: Why a digital dollar is politically more feasible at this moment than before: Ohio Senator Sherrod Brown also proposes digital dollar:  Philadelphia Fed paper: Receptivity in Congress to the idea of a digital dollar: Libra white paper: Congressional hearing on using FedAccounts and for stimulus:
U.S. House Representative, Warren Davidson, contextualizes the state of crypto legislation in terms of widespread civil unrest, COVID-19, and global shifts in power. He explains where crypto plays a role in these paradigm shifts and talks about: Why he believes in crypto, and how he came into the space How his Token Taxonomy Act creates regulatory clarity for token issuers What four conditions tokens would have to meet to not be considered securities Other features of the Token Taxonomy Act, including a de minimus exemption for taxes and no taxation of crypto-to-crypto trades How the pandemic and coronavirus-related fiscal stimulus affects the prospects for the Token Taxonomy Act What he thinks about China's blockchain push and its DCEP digital yuan Whether and how that creates a credible threat to US dominance in global markets Whether Libra could be a counterweight How a shift toward digital currencies could undermine the global reserve status of the USD and whether that affects the US's ability to enforce sanctions How outcomes of the upcoming election will affect the potential passage of crypto-friendly regulation Why it is easier for crypto legislation to be more bi-partisan than other bills   What help he needs from the industry right now to push along crypto-friendly bills Thank you to our sponsors! Kelman Law:   Stellar: Episode links:  Rep. Warren Davidson: His House page: Press release on the Token Taxonomy Act: Token Taxonomy Act on GovTrack: Text of the Token Taxonomy Act: Letter requesting IRS clarify some crypto tax policies: Congressman Patrick McHenry on Unchained discussing his “permanent beta testing” idea for crypto: Unchained interview on the DCEP: Unchained interview with Libra co-creator Christian Catalini: Unchained with Christopher Giancarlo on his proposal for a digital dollar: Secretary Steve Mnuchin on Libra and a digital dollar: Video in which Rep. Davidson says “shitcoin”: Meltem Demirors and Jill Carlson on the Shitcoin Waterfall on Unchained:
Jesse Walden of Variant Fund, and Robert Leshner of Compound explain all of the problems associated with the decentralizing process in terms of governance and compliance, pulling from their own lessons and their commentary on other projects. We cover: Why projects must start with some level centralization How projects can both monetize and not put their code at risk of being forked How they can decentralize while also maintaining security, especially for composable DeFi projects that may become vulnerable as new technology and new protocols are introduced How and when to distribute the token so as not to attract only speculators and also not trip regulatory wires  How Compound’s current governance works, how it is decentralizing, why they decided to use a governance token, and what Compound (the company) will do after full decentralization  Why open-sourced projects are still able to extract profits, even after a fork Whether or not teams should have admin keys, such as what was used in response to the bZx attacks Whether or not projects should be upgrade-able What Block.One, which raised $4 billion in an ICO, did right to only pay a $24 million fine to the SEC  Thank you to our sponsors! Kelman Law:   Stellar: Episode links:  Jesse Walden: Robert Leshner: A16z Crypto startup school: Compound: Progressive Decentralization playbook: What recent moves by the SEC say about mutability when it comes to crypto networks: Compound’s $COMP token: More on Compound’s governance token: Unchained discussion about bZx attacks: Eric Wall tweet storm on admin keys: tBTC shutting down: More on tBTC: Unchained interview about tBTC in which Matt Luongo explains the admin key: Is the SEC trying to kill the SAFT?  Block.One settlement with SEC:
This week’s Unchained is my panel at Ready Layer One! We talk everything layer one with four key players and projects -- Illia Polosukhin of NEARprotocol, Zaki Manian of Cosmos, Rob Habermeier of Polkadot, and Arthur Breitman of Tezos — to find out how these projects plan to compete with Ethereum and attract developers and users. We discuss:  What platforms they are building and at which stage in development they are  How they differentiate themselves from Ethereum, and what problems they believe need to be solved  How they plan to attract devs in an industry of network effects  Whether or not Bitcoin and Ethereum are direct competitors Whether, in the long run, crypto will be more winner-take-all or there will be multiple, interoperable chains   How they plan to bring new users into the space How they think the transition to ETH2.0 will shake up the existing blockchain space Take our survey! Tell us what would you like to see from Unchained! Please take a moment to fill out the survey to let us know what you'd like from the show: has offered our survey respondents a chance to win a metal MCO Visa card -- and will stake these cards indefinitely! Ten lucky winners will enjoy card benefits including free Spotify, free Netflix and 3% back on all spending, and they’ll earn extra interest on their crypto deposit and more!  Thanks,! Again, take the survey now: Unchained is hiring! Come work at Unchained! We have an opening for a remote editorial assistant — find out more about the gig and apply here: Thank you to our sponsors! Kraken: Stellar: Episode links:  Illia Polosukhin: Near protocol: Zaki Manian: Cosmos: Rob Habermeier: Polkadot: Arthur Breitman: Tezos: Near protocol on mainnet: Electric Capital report on the number of developers in Ethereum:
Changpeng Zhao, aka CZ, cofounder and CEO of Binance, and I kicked off the Ethereal Virtual Summit with a fun fireside chat! He talked about Binance’s current operations, its plans for the future, and the crypto industry as a whole. He explains:  Why he thought the questions I asked him in our first interview were misleading Whether Libra’s new plans are affecting Binance’s strategy for Venus What impact China’s DCEP will have on crypto Why the confluence of circumstances caused by COVID are a “perfect storm” for crypto, and how this will affect crypto in the long-term Whether the Binance Smart Chain will leech away Ethereum developers and users Why he thinks competition in the industry only grows it How Binance can own CoinMarketCap without affecting its objectivity  What he says to the class-action lawsuit against Binance, him and the other cofounders of Binance accusing them of offering unregistered securities How he views the role of Binance in governance in delegated proof-of-state systems, such as when Binance flip-flopped on a contentious hard fork in Steem Where Binance is headquartered Unchained is hiring! Check out the job posting here! Thank you to our sponsors! Kraken: Stellar: Episode links: CZ: Binance: My first interview with CZ: Details on BUSD: Binance announcement about BUSD:  BUSD marketshare: Venus as the One Belt, One Road initiative of Libra:  Venus focusing on developing countries: Binance’s acquisition of CoinMarketCap: 125x leverage: The Block report on BNB’s latest token burn: Lee et al. vs. Binance: Estimate that Binance earned $46 million in profit in 2018: Binance used Steem tokens on its exchange to help vote out Steem validators:  CZ’s initial tweet about the how Binance handled the Steemit fork: Binance reverses course: Binance not authorized to operate in Malta:  CZ on Binance not being based in Malta and decentralized: Binance shut down Shanghai offices: Links to topics we did not have time to cover: Binance removes all references to Visa from its credit card: Opening mining pool: Investment in startups in Africa: In-browser trading:
Amanda Fabiano, director of Bitcoin mining at the Fidelity Center for Applied Technology, and Christopher Bendiksen, head of research at CoinShares, discuss the third Bitcoin halving, which occurred hours before the publication of this episode. They discuss: the significance of the halving what effect it could have on price and what Amanda and Christopher think of Dan Morehead's projection that it could reach $115,000 next year how macroeconomic events like the coronavirus and quantitative easing could impact uptake of Bitcoin how the halving could affect miners and hash rate how the halving could influence the environmental impact of Bitcoin why mining was the first activity Fidelity pursued with Bitcoin what they think needs to happen in Bitcoin to foster more adoption why hash rate derivatives will be a crucial step what the outlook is for institutional adoption of Bitcoin plus, is it halving or halvening? Take the 2020 Unchained Podcast survey!  I'm doing another survey to find out what you want from the podcasts and how I can make them better! Please take a moment to fill it out here and to tell us at Unchained what you'd like from the show: Plus, has offered our survey respondents a chance to win a metal MCO Visa card -- will stake these cards indefinitely! Ten lucky winners will enjoy card benefits including free Spotify, free Netflix, 3% back on all spending, earn extra interest on their crypto deposit and more!  Thanks,! Again, take the survey now! Thank you to our sponsors! Kraken: Stellar: Episode links:  Amanda Fabiano: Fidelity Center for Applied Technology: Christopher Bendiksen: Coinshares: Coinshares’ 5 Popular Bitcoin Halving Theories: Coinshares’ December 2019 Bitcoin Mining Report: Unconfirmed episode with Dan Morehead: Bitcoin stock-to-flow ratio: Fidelity opens trading to institutional customers: Fidelity Digital Assets signs first exchange:
Hi everyone, this is an essay by Mariano Conti of MakerDAO that was so popular, personal and relatable, especially to those living in Latin America, that we decided to have Mariano translate it and read it in Spanish. Share it with your Spanish-speaking friends who still don’t understand what crypto is about, to show how it solved real-world problems for at least one person.  Mariano Conti, jefe de contratos inteligentes de MakerDAO, nos lee su ensayo sobre su experiencia personal con criptomonedas, desde el punto de vista de un Argentino cuya familia ha experimentado períodos de hiperinflación, y de un freelancer que recibe pagos por su trabajo desde varios países. Mariano describe la evolución de Maker desde Dai de Colateral Único (ahora Sai) hasta Dai Multi Colateral, y también brinda su perspectiva de los eventos del Jueves Negro y las subastas de deuda subsecuentes que el protocolo debió llevar a cabo para regularizar su situación.
Dan Guido, cofounder and CEO of Trail of Bits, and Taylor Monahan, founder and CEO of MyCrypto, discuss all the recent hacks in DeFi, how it can be made more safely and who is responsible.  We tackle:  the Hegic security incident: whose responsibility it was to make sure the contract was secure — the auditor (Trail of Bits) or the team (Hegic) — what Trail of Bits was saying in its audit summary, and how to read between the lines of an audit summary how long an audit should be upgradeability: particularly around when more advanced technology and contracts interface with older technology/contracts centralization vs. decentralization: whether contracts can be made safely while maintaining adhering to the principle of decentralization, why Taylor would prioritize centralization and security, and how teams can create different levels of risk for users  bug bounties: why asking what amount they should be is the wrong question the security threats posed by oracles and what a checklist for DeFi teams might look like Thank you to our sponsors!  Kraken:  Stellar: Episode links:  Dan Guido: Trail of Bits: Taylor Monahan: MyCrypto: Initial tweet by Hegic calling the security issue a typo: Hegic tweet saying, “It’s not a security issue”:   Trail of Bits saying it will no longer work with Hegic:  Taylor breaks down the audit summary: Molly Wintermute’s Medium post on requesting a week audit vs. three-day review:  Unconfirmed episode with Haseeb Qureshi on the attack: Unchained interview showing Matt Luongo's approach to kill switches and upgradeability with tBTC: Discussion of the bZx attacks on Unchained: Issue with Curve contract:  Compound bug bounty program: Taylor on “upgradeability makes things more insecure”:  Synthetix oracle incident, allowing a bot to profit $1 billion: Taylor’s tips on how to get more ROI on an audit: Tips to follow before getting an audit:  Resources for security in DeFi:  crytic/building-secure-contractsGuidelines and training material to write secure smart contracts - crytic/
Matt Luongo, CEO of Thesis, the parent company of Fold and Keep, describes the just-launched tBTC, his plan for a censorship-resistant Bitcoin-Ethereum bridge. He explains his personal reasons for wanting such a platform, why tBTC is different from other versions of Bitcoin on Ethereum, and how it works -- including the process of becoming a signer in minting tBTC, how the system will handle crises, the reason for high collateralization levels, why staking assets are limited, and the necessity of a work token, Keep. He also discusses the economics behind tBTC-backed tBTC, his vision for DeFi, how tBTC could buffer an ETH crash, and the reasoning behind minimal governance mechanisms -- playing into why institutions trust BTC more than ETH. Plus, he contrasts the Bitcoin and Ethereum communities and talks about the possibility of tBTC2.0.   Thank you to our sponsors! Kraken: Episode links:  Matt Luongo: Thesis: Keep: Fold App: tBTC white paper: Initial reveal: Announcement on Keep blog: Some criticism of tBTC: Matt on the Breakdown podcast: Matt on Sendwyre podcast: How tBTC works: The Block on tBTC: Keep raises $7.7 million:
Cathie Wood, CEO and CIO of ARK Invest, and Yassine Elmandjra, ARK's thematic analyst, discuss their investment strategy with disruptive innovation, and how blockchain technology, especially Bitcoin, plays a major role in it. They explain why the unique market circumstances due to the coronavirus have led to more correlation between crypto and the traditional financial markets, but also why, in the long-term, it will ultimately be uncorrelated. We cover why they think crypto in the age of COVID-19 will see new opportunity, and when there will be a recovery of the larger economy. They also share, from an investor standpoint, their growing conviction in Bitcoin due to its long-term value proposition compared to other chains like Ethereum. Plus, we talk about the future outlook for central bank digital currencies, and how Libra will launch, albeit differently, than expected.  Thank you to our sponsors! Kraken: Episode links:  Cathie Wood: Yassine Elmandjra:  Yahoo Finance interview on ARK’s big ideas for 2020: Keynote on State of Digital Assets at Volt Capital summit: ARK’s Q&A video conference on COVID-19:  Feature on Cathie Wood: Her views on Zcash:
Mariano Conti of MakerDAO, head of smart contracts at MakerDAO, reads from his essay about his personal experience with cryptocurrency, particularly as an Argentine whose family has experienced periods of hyperinflation, and as a freelancer accepting payment from foreign countries. He describes the evolution of Maker from single-collateral Dai (now Sai) to multi-collateral Dai, and also gives his perspective on the events of Black Thursday and the subsequent debt auctions the protocol undertook to right itself.  Thank you to our sponsors! Kraken: Episode links:  Mariano Conti: Linda Xie’s essay about crypto memes on Unchained :
Kyle Samani of Multicoin Capital reads from his essay on how defensible each of the major DeFi protocols on Ethereum are, and what that says about Ethereum's defensibility.  He evaluates how easy it would be from an effort and capital standpoint to fork each of the major DeFi protocols, and makes a strong case for how and why he thinks protocols like Maker are quite defensible, and why he believes certain dexes are less so. Thank you to our sponsors! Kraken:
In this essay, Haseeb Qureshi of Dragonfly Capital explains why he thinks the focus on decentralization can be overhyped. He looks at why decentralization can be important but then makes it clear, by dissecting when it is important and when it’s not, and to whom it does and doesn’t matter, that it isn’t the be-all end-all goal for every endeavor. He talks about which questions we should be asking beyond just, “is it decentralized,” and also explains why that question doesn’t even make sense.  Thank you to our sponsors!  CipherTrace: Kraken:
Comments (29)

Tommy Lam

it answer some of my question on decentralization

Apr 21st

Andrew Paul Carter

Dick move bringing up that prop 8 stuff from 15 years ago.

Feb 10th

John Adderholdt

Awesome podcast. I've read whole books that were not as complete as your work here.

Dec 26th
Reply (1)

mr jj

great show wonderful history story.

Nov 14th


This was really hard to listen to. Please don't ever bring him back onto the show.

Oct 13th

Philip-Alexander Jach

fed economist = liar

Oct 8th


my opinion: for a better future, design to move as much as possible for real equal opportunity and anonymity, cut middlemen and gate keepers, give more to real workers and less to burucrats and owners, AI and robotics is coming, UBI, and if some people want to waste there own lifes doing nothing that's their own problem, no one should be forced to work if not necessary

Aug 21st

Philip-Alexander Jach

Fuck the IMF and fuck central banks. Crypto was made against, not for them.

Aug 14th


is this an interview or a date?

Jun 5th
Reply (2)

Jiasun Li

Unique takeaway: how to jump-starting a blockchain the Litecoin way.

Apr 30th

Lior Goldenberg

Great episode, very informative & help understanding the makerDao eco system! looking forward part2

Feb 4th

pablo creel

I would be great if you could do a podcast on Loyalty programs and blockchain. I topic you haven't talked that much in a high growing industry. Happy holidays

Dec 15th

Jomari Peterson

leveraging an opportunity zone fund can allow people to defer and eliminate their capital gain taxes “Don’t Worry About Capital Gain Taxes this Year.” by Jomari Peterson

Dec 4th

Rr Mathieu

ransom!? what facts are these statements based on? sounds like 2 old men who live in the past. terrible interview, very biased

Oct 30th

Matthew Lopez

Wow Barry's a bigger con artist than I thought

Oct 25th

Matthew Lopez


Oct 24th

Rr Mathieu

I am an investor in crypto. Most of which is in Bitcoin and some alts such as, XRP, 0X. In my opinion you are doing a fantastic job with your research and top notch interviews. Believe me they help. Keep up the good work Laura! Ron M.

Oct 17th

R. R.

Financial derivatives are the foundation/underlying cause of the 2008 financial crisis.

Oct 3rd


Wow, she says that she was trading totally on inside information. And they wonder why regulators are playing it safe on the sector.

Sep 21st

R. R.

Q: So Robert, what are you having for lunch tomorrow? A: That's a great question......

Sep 20th
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