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CoinDesk Podcast Network

CoinDesk Podcast Network

Author: CoinDesk

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The top stories and best shows in the blockchain world, delivered daily from the team at CoinDesk.

314 Episodes
From the price of coffee to the national debt as a percentage of GDP, these 11 numbers provide a picture of a fast changing global economy. This episode is sponsored by, Bitstamp and financial media loves reporting the stock market like it's the only economic indicator that matters. On this episode, NLW breaks down 11 numbers that together tell a much more complete story, including:Record price of goldSquare’s bitcoin revenueNational debt as a percentage of GDPFall of the Turkish lira Price of coffee, sugar and cocoaHousing in auto demandAnti-Chinese sentiment in the U.S.
The Director of the Cato Institute's Center for Monetary and Financial Alternatives gives an eye-opening, 200-year history of today’s most powerful economic institution.This episode is sponsored by, Bitstamp and on the Brief:Better news in the jobless claims this weekA new bitcoin adoption cycle?Checking on LebanonOur main conversation is with Dr. George Selgin. Dr. Selgin is a Senior Fellow and director of the Cato Institute's Center for Monetary and Financial Alternatives as well as Professor Emeritus of Economics at the University of Georgia. In this eye-opening conversation, he and NLW go deep on the history, present and future of central banks, including:Why the Scottish and Canadian banking systems in the 19th century show that central banks aren’t a prerequisite for stabilityWhy the U.S. “free banking” system wasn’t free at allWhy the instability in the late 19th century U.S. banking system was caused by regulation, not the lack of a Federal ReserveWhy the Fed’s first decades were a disasterWhy the Fed gets more power when it underperforms The problems with the Fed’s response to 2008What lessons the Fed could have learned (but didn’t) between the Great Financial Crisis and COVID-19 Find our guest online:Website: Alt-M.orgTwitter: @GeorgeSelgin
One of the realest people in financial media joins for a conversation about where the economy really is and where it’s headed.This episode is sponsored by, Bitstamp and on the Brief:Robinhood doubles quarterly trading revenueSquare did $875 billion in bitcoin revenue in Q2 - up 600% YoYADP report: 167,000 jobs added in July (instead of expected 1.2 million) Our main conversation is with Hedgeye CEO Keith McCullough. Before building Hedgeye into a “no-excuses provider of real-time investment research and a premier online financial media company,” Keith worked at hedge funds including Carlyle Blue Wave Partners hedge fund, Magnetar Capital, Falconhenge Partners and Dawson Herman Capital Management.In this conversation, he and NLW discuss:Hedgeye’s “Full Cycle Investing” approach and GIP (Growth, Inflation, Policy) methodology How the economy was in a period of slowing growth and slowing inflation before COVID-19How we’ve moved into a stagflation period in response to the money printing prompted by the crisisWhy bitcoin, gold, emerging market stocks and commodities are likely to thrive in this environment Why most narratives are BS Why the “Old Wall” media distracts rather than educatesCheck out our guest online:Website: Twitter: @KeithMcCullough
An early Facebook product designer-turned angel investor discusses how social media has changed and whether it can be changed again for the better.This episode is sponsored by, Bitstamp and on the Brief:President Trump wants a cut of the TikTok dealPreviewing this week’s COVID-19 vaccine trade Dave Portnoy breaks into bitcoinOur main conversation is with Bobby Goodlatte. Bobby is the founder of Form Capital, a new seed investment firm that focuses on supporting portfolio companies with value-add design. Bobby was an early employee at Facebook and has been an active angel investor since 2012, with investments that include Coinbase. In this conversation, he and NLW discuss:The early days of FacebookWhy angel investors don’t like new angel investors to get involvedHow Silicon Valley reflects larger questions of equity valuations How social media has changed over the last decadeWhy politics is now “downstream from algorithms” Why there are still possibilities to build new social networksWhy today’s social networks could make different decisions that would be better for the world. Find our guest online:Website: Form Capital Twitter: @rsg
Working with open source software changes the development process, according to this researcher who interviewed hundreds of technologists across projects. This episode is sponsored by, Bitstamp and are people who understand bitcoin yet aren’t obsessively bullish on it. (I know, it’s weird. Like, how?)Eghbal, a Protocol Labs alum who is familiar with bitcoin, is among them. She described bitcoin as a rare example of a project growing throughout a decade and continuing. Many people measure growth in terms of unique contributors, users or profits. For Eghbal, she said looking at different types of “activity” might offer a better spectrum. “Measuring activity is maybe a better way to think about project health...some projects also don’t need to be as actively developed as others,” Eghbal said. “I was also looking at things like maintainers’ responsiveness.”  In short, are problems promptly fixed before they affect users? The quality of contributions should be evaluated in addition to the sheer number of contributors. Do the people who use the software get unique value from it when they need it?Another useful metric, she said, can be “work done,” including “how many pull requests are being merged or how many issues are being closed.”And, luckily, Eghbal isn’t the only researcher who understands bitcoin without being “active” in the “Bitcoin community.” (To be fair, I use these silly words more than anyone.) Privacy tech legend Claudia Diaz, Nym’s chief technologist, said she believes there could be value in cryptocurrency projects, although that’s not her focus nor passion. “Cryptocurrency offers an option for the people who use the systems to fund them,” Diaz said. “I’m interested in making systems that make sense and self-sustain because everyone has the right incentives.”IncentivesThere are many different types of value people derive from open source software projects. Sometimes they use the software, sometimes they use public work to develop their own personal brand. Eghbal said some of the most widely sought after engineers are “building an active fanbase for whatever they are creating.” She added there are “different types of open source projects” with passionate fandoms, like Rust, plus open source developers have “a lot in common” with other types of online content creators. These public displays can lead to dramatic Twitter feuds and heated rivalries, just like other personality-driven roles like TikTok stars and podcasters. “I’ve been told so many things are definitely, absolutely true, yet are all conflicting with each other,” Eghbal said of her research. “If I’ve learned anything it’s that developers have opinions.”This is why Diaz’s token-funded startup, Nym, is developing a privacy layer comparable to Tor, the latter of which she said is heavily reliant on government funding. In contrast, her startup Nym raised $2.5 million in a private token sale in 2019.“Tor offers different trade-offs,” Diaz said. “We built Nym and the applications on top can be messaging applications or cryptocurrency applications...using the infrastructure to protect their metadata in the sense the network can’t figure out what services you are accessing or what they might be doing with those services.”Motivations Diaz considers herself somewhat of an outsider to the open source developer community, like Eghbal. Their motivations are primarily research-oriented, because research is their job. Nym co-founders like Harry Halpin have more experience in (ideological) open source software development. Even coming from different perspectives, Halpin, Diaz and Eghbal all agreed that collaboration and interdependence are the crux of the open source development process. “Now instead of relying on a couple of other developers’ code you may now be relying on hundreds of thousands of people’s projects and you don’t even know who these people are,” Eghbal said. As such, Halpin said Nym works closely with teams contributing to other open source projects, like Rust, Cosmos and Zcash. In addition, his team often works with independent (quasi-celebrity) developers like Amir Taaki. Sometimes people contribute as a hobbyist or a user with specific needs, other times they are paid. There are many reasons why people work on cryptocurrency projects. “I think it would be great to have an infrastructure that could support privacy in a variety of applications,” Diaz said. “Cryptocurrency offers an option for the people who use the systems to fund them...Privacy technologies have been very difficult to market.”On the other hand, Eghbal described bitcoin as moving more slowly than some other cryptocurrency projects. “Trying to prioritize stability is a very different development style rather than allowing people to have lots and lots of features,” Eghbal said, describing Bitcoin as relatively “stable.” And even if the price of the asset never goes “to the moon,” perhaps continuing to provide reliable software tools can be a metric of success in itself. 
A recap show on wealth inequality, stock markets and taking it back featuring Jill Carlson, Michael Krieger, Daniel Lacalle, George Gammon and more.This episode is sponsored by, Bitstamp and on the Brief:The TikTok-Microsoft DealThe Twitter hacker was 17A changing of the guard for crypto hedge fundsOur main discussion: recapping the best interviews of July 2020Despite a huge variety of perspectives and experiences, one theme shown through in Breakdown conversations in July: the disparity between the stock market and the real economy and a growing unwillingness of people to accept their place in the order. This show features clips from:George Gammon - @GeorgeGammonDaniel Lacalle - @dlacalle_IAGeorge Goncalves - @bondstrategistSahil Bloom - @SahilBloomTyrone Ross - @TR401Tony Greer - @TgMacroJill Carlson - @jillruthcarlsonMichael Krieger - @LibertyBlitzSergey Nazarov - @SergeyNazarov
A reading of Meltem Demirors new essay “Unintended Architecture” asks some key questions about intention setting for the future of Bitcoin. This episode is sponsored by, Bitstamp and started as a rebellious, anti-establishment technology. In many parts of the world, and for many people, it remains exactly that. At the same time, however, there is a wave of traditionalists and institutional players moving into the space. Are they buying into the revolution, or are they trying to capture value while fitting the disruption into a box that maintains the current power structure they lead? Those are the key questions explored by Meltem Demirors in her new essay “Unintended Architecture.” The piece is our selection for this week’s “Long Reads Sunday.”
From the size of a second round of stimulus to COVID-19 litigation to reshoring, last week previewed some key issues for the months to come. This episode is sponsored by, Bitstamp and this week’s edition of The Breakdown Weekly Recap, NLW argues the big story of the week was actually a set of smaller stories that preview the faultlines and economic debates likely to absorb us in the coming months. These include:The Federal Reserve signaling that fiscal stimulus needs to do moreThe beginning of the battles on fiscal stimulusThe introduction of the “not safe to vote” narrative The Big Tech vs. The World fight The beginning of coronavirus lawsuits Back to schoolJobless claims getting worseKodak and reshoringThis week on The Breakdown:Monday | SPACs 101: A Bubble, the Future or Both?Tuesday | How Real Is Bitcoin’s Rally? 8 Interpretations of Bitcoin’s Massive SurgeWednesday | How DeFi Could Disrupt Traditional Finance, Feat. Sergey NazarovThursday | The Bond Market Is the Truth Teller No One Heeds, Feat. George GoncalvesFriday | What a Professional Trader Thinks of the Fed, Robinhood and Real Estate, Feat. Tony Greer
Chaturbate executive Shirely Lara is a sex industry veteran who sees bitcoin as a crucial part of her business. The bitcoin-friendly porn executive talks with CoinDesk reporter Leigh Cuen about bitcoin, sex and feminism. This episode is sponsored by, Bitstamp and COO Shirley Lara, one of the most experienced platform executives in the adult content industry, has been keen on bitcoin’s potential since 2018. “We accept 20 different cryptocurrencies for token purchases. The most popular ones are bitcoin, ethereum and litecoin,” Lara said. Experts, including Lara, estimate there “thousands and thousands” of cam girls working across platforms like OnlyFan and Chaturbate at any given time. That dwarfs the incumbent porn industry. Today, OnlyFans alone is estimated to have 60,000 content creator accounts and millions of registered viewers, despite some criticism from sex workers on Twitter. Many of the leading sex industry corporations, like OnlyFans, Chaturbate and MindGeek, appear to be owned by (relatively secretive) men, who are far removed from the public performers. Lara, who joined Chaturbate in 2011, is one of the rare examples of a woman who worked her way up to the executive level without first creating a personal porn star brand. Her work is primarily technical and operational.  “I don’t think crypto is a trend. I think it’s definitely here to stay,” Lara said, noting the steady incline of bitcoin usage among performers in Colombia and Romania. “They’ll use cryptocurrency as a way to jump on [Chaturbate] and get started while they figure out the banking stuff.”   Meanwhile, her global operations allow performers like Honey Li, in Europe, to stack sats through Chaturbate. Li said a little bit of her earnings, in addition to whatever she needs to pay bills, is set aside as bitcoin savings. For Lara, having this choice was crucial to the platform’s crypto integrations. “You asked if we hold on to bitcoin? We don’t. We cash out. But our broadcasters do (hodl), and I think that is so smart,” Lara said.  With porn production stalled or canceled in hubs like Miami, Las Vegas and Los Angeles, the entire sex industry is shifting geographies. More performers are relying on social media to broadcast from home. Bitcoin may now offer a different use case for platform performers versus high-end escorts, for example. The sex industry is hardly a monolith. Tech tools While social porn platforms inspire more mainstream content creators to dabble in adult themes, this further divides in-person service providers and filmmakers. One such provider, Nina Mona, has been using bitcoin in the sex industry for two years. For her, she emphasizes bitcoin privacy tech, which would be irrelevant for users who already submit know-your-customer information to a central platform. She uses bitcoin to accept payments and also to pay advertisers without sharing her credit card information. “I noticed a wave of OnlyFans signups when in-person work became less viable. I considered it, but don’t think the return is worth the workload or risk of exposure for me,” Mona said. “It seems safer to limit myself to a small set of screened clients than to share compromising material with a broader and less invested audience. Every set of eyeballs is an additional threat.”In the United States, Mona said most clients that book sessions with bitcoin resided in the Bay Area, Los Angeles or New York. Now that COVID-19 sparked some domestic migration, it’s unclear how this will impact sex workers who focused on urban hubs. For some, this means more travel and extremely selective bookings. Performers and escorts may both operate their own wallets, even if they use platforms like OnlyFans or Chaturbate, especially to receive gifts and tributes from afar. Plus, Lara said the teledildonics trend, where internet-connected sex toys can be set to vibrate when their accounts receive payments, create new opportunities for clients to incorporate money into their fantasies. “There’s this whole teledildonics spectrum that is growing in popularity,” she said. Li agreed with Lara, especially because there are toys for both genders that can be used in synchronized ways. “I use teledildonic toys for work, basically every shift!” Li said. “They're tip-activated when I work...You can also sync the vibrations up to a spotify account or a voice note sent by your partner.” Slow growthMainstream platforms like Chaturbate and the competitor FanCentro already accept cryptocurrency and have been working with it for years. Usage is niche, yet steady. Many sex workers say a direct transaction and relationship is more profitable than payment facilitated by a platform. Chaturbate, for example, charges nearly half of the performer’s earnings. It provides a valuable service, but clients will need to be willing to pay in bitcoin if the performer aims to graduate to her own independent site. “If we’re headed that way, it’s going to be a long time before we hit that milestone, because of the different governance in each country,” Lara said. One FanCentro user and crypto owner, who goes by the alias WesMan83, said he would be happy to pay a sex worker directly in crypto if she preferred. He finds erotic service-providers that suit him using mainstream platforms like Twitter and OnlyFans, as well as personal recommendations from other clients and providers. “I think it's important for people to understand that sex workers deserve to be paid for what they do and there is nothing wrong with what they do,” WesMan83 said. “They provide an entertainment service and work very hard for what they create. I think it's important that those of us who are proud to pay, help remove the stigma surrounding it.”
The editor of the Morning Navigator newsletter discusses a variety of macro topics and how to trade against a very strange market.This episode is sponsored by Bitstamp and on the Brief:The DXY hits a 52-week lowConsumers seeking alternatives to cash Bank of England rebuilds settlement system to work with CBDCsOur main conversation is with trader and analyst Tony Greer. In this conversation, he and NLW discuss:The Federal Reserve’s role in increasing inequality How the Robinhood crowd differs from the 1999 bubbleWhy high-frequency traders might be the real villains when it comes to the retail bubbleWhy gold is surging even though the dollar remains fundamentally sound How to navigate the disparity between markets and the real economyWhy real estate is doing well even as the economy is floundering Find our guest online:Website: tgmacro.comTwitter: @TgMacro
A veteran bond strategist gives his take on why the bond market has a better read than equities on short-term and long-term macro trends. This episode is sponsored by Bitstamp and on the Brief:More bad news from jobless claims and the GDPThe big tech hearing was a whole bunch of nothing; watch TikTok insteadRobinhood dives into Kodak (but so do illegal insider traders)Our main conversation is with independent bond strategist George Goncalves.We discuss:How the bond market watches Federal Reserve meetingsWhat, if anything, was new about this week’s FOMC meetingWhat it means that the bond market and equities market tell different storiesWhy the bond market has been telling a long-term story of slowing growthWhether institutional investors are actually moving away from government debt and into gold Why Judy Shelton should have a place on the Federal ReserveFind our guest online:Twitter: @bondstrategist
Today on the Brief:Big tech goes to WashingtonThe debate on the next COVID-19 relief act heats upMore on institutional investors’ move into gold This episode is sponsored by Bitstamp and“Imagine a world without counterparty risk.”That was Chainlink co-founder Sergey Nazarov’s answer when asked to describe the true disruption of decentralized finance to a traditional finance audience. On this episode of The Breakdown, Sergey and NLW discuss:Brand-based contracts vs. math-based contractsThe history of smart contractsWhat it means to build an “abstraction layer” for “universally connected smart contracts”Key moments in the history of smart contract infrastructure Where smart contracts and DeFi are in terms of analogies to the early internet Why Sergey believes traditional finance will inevitably shift to a math-based contract model Find our guest online:Website: ChainlinkTwitter: @SergeyNazarov
As bitcoin retraces slightly after reaching a new 2020 high about $11,000, NLW explores what’s driving the rally and how likely it is to continue.This episode is sponsored by Bitstamp and was a beautiful Monday. Bitcoin crashed through $10,000 and got all the way up to a new yearly high of about $11,000 before retracing slightly. As with any dramatic price action, people were quick to start giving their interpretations of why it happened. In this episode, NLW explains eight of those interpretations, including:Banks stacking due to changes in custody rulesMoney printer go brrrStock to flow modelRobinhood traders piling inDeFi gain recycling Buyers exceeding sellers“Perfect storm”Dollar crash, negative real interest rates and the search for a new reserve currencyUltimately, NLW argues that it is this last factor driving up not only bitcoin but gold and silver.
A primer on, and critical look at, one of Wall Street’s hottest trends: special purpose acquisition companies. This episode is sponsored by Bitstamp and purpose acquisition companies have been around since the 1990s, but have seen a significant uptick in popularity in recent years. Companies like Virgin Galactic, Draft Kings and Nikola have changed SPAC’s reputation from a tool for second- and third-tier private equity shops to win fees to a legitimate alternative to initial public offerings. In 2020, SPACs have made up roughly 40% of the IPO market.Recently, chatter around SPACs reached a fever pitch with the listing of Bill Ackman’s Pershing Square Tontine Holdings - the largest-ever SPAC. In this episode, NLW breaks down:What a SPAC isStandard SPAC terms Why the traditional IPO process has generated growing discontent, especially from Silicon ValleyThe benefits of SPACs for companies and investorsThe downsides of SPACs for companies and investors A number of reasons explaining why SPAC popularity is surging nowHow Robinhood retail traders are creating an important bridge buyer for SPACsWhy Ackman’s Tontine Holdings SPAC could change how we think about SPACs in the future Are SPACs a bubble?Cited resources:SPAC Man Begins - Alex DancoSPACs as a Call Option on Hype - Bryne HobartSPACs: the most ludicrous bubble we’ll ever see… why not $IAC? - Yet Another Value BlogReturn of the SPAC - John Street Capital
To KYC or not to KYC? In this episode, CoinDesk’s Anna Baydakova talks to Hodl Hodl and Bisq, two non-custodial, no-KYC bitcoin exchanges.This episode is sponsored by Bitstamp and year ago, the Financial Action Task Force, the global anti-money laundering watchdog, ruled that crypto transactions data should be controllable, and ever since the question has been not if you KYC your users but how you do it.However, not all bitcoiners have surrendered to this norm. Hodl Hodl and Bisq don’t provide centralized custody and don’t check user’s identity. They also don’t employ the blockchain tracing tools to block the “tainted” coins (blacklisted as coming from illicit activities), which became a must for major exchanges these days.What comes with this? A chance to buy and sell bitcoin without revealing your identity, as well as much more responsibility over how you buy and store your crypto. Max Keidun, the CEO of Hodl Hodl, and Steve Jain, contributor to Bisq, dig into why in the times of crypto-compliance people still might need (or maybe just lawfully want) to keep their bitcoin deals to themselves.See also: P2P Exchange Hodl Hodl Takes First Step in Bringing Private Bitcoin Trades to BlueWallet UsersThere are more questions to arise from such an old-school-cypherpunk situation: how can you make sure you don’t get scammed at these p2p platforms? What do you do if you buy “tainted” coins blacklisted by the FATF-abiding exchanges and vendors?Max and Steve share their takes on this, and the main explanation is probably: “everything has a price.” Including freedom from surveillance and data leaks.We also touch the matter of decentralization that is important to both Hodl Hodl and Bisq. Hodl Hodl is planning to open-source itself, so that everyone can clone and run their own p2p bitcoin exchange in case the regulators go after Keidun and his team. And Bisq has gone full decentralized last year when it turned all its decision making over to a DAO.
This Long Reads Sunday is a reading of Adam Tooze’ recent review of four books on the growing conflict between the U.S. and China.This episode is sponsored by Bitstamp and week on Long Reads Sunday, our selection is “Whose Century?” by Adam Tooze in the London Review of Books. Nominally a review of four recent scholarly works on the conflict between the U.S. and China, Tooze main argument is that the central problem with viewing this as a new Cold War is the idea that it is new. Instead, we need to understand that, contra Fukuyama’s famous essay, history didn’t end with the fall of the Berlin Wall – at least not for the Chinese. What’s more, the narrative of having “won” the Cold War fails to take into account the West’s spectacular failures in Asia. Only by reframing our understanding can we make sense of the most important geopolitical conflict of the coming century.
Beyond Crypto, OnlyFans Star Savannah Solo Talks About Money Sex workers are starting their own businesses and working online, thanks to social media, according to this adult content creator. In this audio interview, CoinDesk’s Leigh Cuen and OnlyFans performer Savannah Solo talk about fintech and the sex industry. From distribution platforms to Twitter and bitcoin, she helps break down what sex workers really need from digital tools.This episode is sponsored by Bitstamp and Solo started her OnlyFans account in January 2020 and within a few months became one of the top earners on the platform in her category. She’s never used bitcoin before because she relies on platforms like OnlyFans and Cash App for regular banking services. She said some performers have been temporarily deplatformed or lost access to their funds, but she’s been lucky so far. She often works a 16-hour day during these first few months of building her business. “The market got super, super saturated during quarantine...they [OnlyFans performers] were having trouble getting any subscribers at all,” Solo said. “In my first month, in January, I only made $80.”There’s a common misconception that sex workers are now making much more money than before the coronavirus crisis. Both Solo and fellow sex worker Honey Li agreed the brief flurry of new customers settled down in the spring and that summer has been a particularly slow season. “Nobody is saying they are making more because of the pandemic,” Li said. “There’s a lot more new models….as for the blue collar guys that tip you, a lot of them have lost their jobs.”Li prefers the camming site Chaturbate, instead of OnlyFans. Chaturbate charges performers nearly half of their earnings to use the site, much higher than the 20% charge from OnlyFans. But Chaturbate offers a feature that Li prefers; customers can pay in cryptocurrency and performers can cash out in bitcoin. The site still acts as a middleman, but at least Li can choose her currency. “My customer base is mostly American, so there are instances where bitcoin is more useful for me, especially when I’m traveling,” said Li, who is based in Europe.  Bitcoin tippersLi said some Chaturbate performers, like her, take a fraction of their earnings in bitcoin if they make extra that month. This is regardless of whether the customer paid in bitcoin, since the payment is to the platform anyway. In addition to cashing out from the performance platform in bitcoin, Li also uses personal wallets to accept money directly from fans. Over the past year four clients tipped her in bitcoin. Yet that minority can have a large impact. “Customers that give money directly tend to be regulars, really big fans...5% of my customers make up 90% of my income,” Li said. “There’s not a lot of people that accept bitcoin from clients directly, but I do know some findommes [financial dominatrix] who do. For a birthday gift, for example, I’ll be like cool here’s my wallet.” Solo said she also earns the majority of her income from a few big tippers, although she hasn’t been offered bitcoin yet. She’s still trying to manage some of the technical basics of running her own business.“The platforms do extremely little work to help you out,” Solo said. “There is no [tech] support.”Tech supportThere are a variety of tech-savvy sex workers creating their own bitcoin-friendly platforms and teaching each other how to use various technologies. For example, an escort booking consultant named Jo, who has been helping sex workers garner and screen clients for two years, said a few women paid her in 2019 to help them use bitcoin. The bitcoin advertising campaign lasted for a few months, on a website that only accepts bitcoin. This is generally uncommon. Jo said it was a hassle.“I think a lot of girls in this industry want to protect their identity. However, it [bitcoin] is not the most user-friendly thing,” Jo said about the returns for time spent using bitcoin. “It was pretty dead for a while [bookings]. Business has come back, but it’s slower than usual.”Solo also noticed the imbalance of supply and demand this summer across the sex industry. She said she usually turns to other performers for tech support and doesn’t know of other consulting options for sex workers. Performers like her generally rely on platforms like Twitter, Instagram, OnlyFans and Chaturbate to advertise their brands. Converting casual tippers into direct customers is the hardest part of the business. Until they do, performers like Solo struggle to deal with refund issues like chargebacks.“That’s a huge issue,” Solo said about chargebacks. “People send sex workers money...then the person can call their bank, have it back-charged, and all of the money comes out of the sex worker’s account.”“That’s such a nightmare and it happens all the time,” she added. “People get free service out of that and it’s super gross.”
The Breakdown Weekly Recap covers growing US-China tensions, worsening job numbers and the next casual $1T-$3T in stimulus.This episode is sponsored by Bitstamp and week on the Breakdown Weekly Recap, NLW covers:A terrible week for U.S.-China tensions, with dueling consulate closures and a strikingly hawkish speech from U.S. Secretary of State Mike PompeoWorsening economic indicators, particularly around jobless claims which saw their first weekly rise in four monthsThe likely size of the next U.S. stimulus bill – $1T to $3T.This week on The Breakdown:Monday | What Is GPT-3 and Should We Be Terrified? Tuesday | What’s Behind the Fed’s New Push to Promote Inflation? Wednesday | A Simple Explanation of DeFi and Yield Farming Using Actual Human Words Thursday | Will Big Tech Enable or Destroy Small Business? Feat. Sahil BloomFriday | Could the European Recovery Plan Actually Break Europe Apart? 
The EU’s Recovery Plan agreement has been widely hailed, but some argue that it is taking Europe down a dangerous path.This episode is sponsored by Bitstamp and on the Brief:Which industries are recovering the bestChina retaliates against U.S. after consulate shutdown Dollar heads toward its worst month since 2018Our main discussion features returning guest Tuomas Malinen, CEO of GnS Economics. In this discussion, Tuomas and NLW discuss:An outline of the European Union’s new recovery planThe new debt issuance structure that marks a first for Europe The challenges of currency unions How Europe’s debt crisis changed how Europeans think about economic integrationWhy the current plan amounts to “stealth federalization” Why some member states are in a state of mutiny over the fundFind our guest online:Website: GnS EconomicsTwitter: @mtmalinen
More than 50% of COVID-19 related business closures in the US are now permanent. Can tech platforms provide a new avenue for small biz entrepreneurship?This episode is sponsored by Bitstamp and on the Brief:Disappointing jobless claim numbers with first increase in 4 monthsUS banks now allows to custody cryptoSenate hears arguments for a digital dollar in the context of US-China economic competitionOur main conversation with Sahil BloomSahil Bloom is an investor with Altamont Capital Partners and a prolific author of financial literacy Twitter threads. In this conversation, he and NLW discuss:Today’s jobless claimsLong term economic impacts from COVID in the travel industry“Forced efficiency realization” How remote work opens white collar professionals to global competition Whether tech platforms are a destructive or enabling force for small business Why financial education is essential and sorely lackingWhy the Robinhood rally crowd represents a positive opportunity for bringing new voices into the marketsFind our guest on Twitter: @sahilbloom
Comments (7)

Lance Schaffer

Gonna be interesting to see how far this "narrative market machine" goes before we might see a swing back towards acknowledging that modern equities are still beholden to our current day financial systems and thus need SOME level of fundamental (cash flow, revenue... A functioning business...) soundness to support them on any "sustainable" basis. Loving this format, btw! Keep it up!

Jul 16th

Maciej Czech

Too much all of sudden. 5-10 min if daily episodes

Jan 7th
Reply (3)

Dario Ramos

los tucanes de tiguana

Sep 17th

Anabel Patata


Sep 15th
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