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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.

194 Episodes
As host of the Pomp Podcast, author of the daily Off The Chain newsletter, and founder partner at Morgan Creek Digital Assets, Anthony Pompliano is one of the best known media personalities and investors in the crypto industry. In this episode, he and @NLW discuss: The Fed’s just announced $2.3 trillion stimulus package - including the authorization to buy junk bondsWhy media and trust have desiccated to their lowest levels ever The lack of a plan to restart the economy Why Bitcoin was sold in last months larger market sell offWhy smart institutional investors are looking to bitcoin as a hedge when the deflationary environment turns inflationary Why companies have to be allowed to fail to increase resilience Why the best way to build a resilience economy is to put money in the hands of entrepreneurs and small businesses
In part 4 of this six-part documentary podcast series about Bitcoin in Africa we'll join Anita as she speaks with a young woman from Harare, Zimbabwe. She calls herself a 'Digipreneur' and also works as a teacher. Working with her organization, they focus on the digitalization of Africa and aim to improve outcomes in Zimbabwe. With the use of Bitcoin outlawed and the state of human rights and free speech being rather poor in Zimbabwe, Anita and the guest agreed to not mention her name. In this episode they discuss:The opportunities for Bitcoin adoptionThe shutdown of Golix, the only Zimbabwean crypto exchangeThe philosophy of Ubuntu and how it relates to BitcoinHyper-inflationThe future of Bitcoin in AfricaHow cryptocurrency feels like luxury in ZimbabweHow to design Bitcoin for use in AfricaHow Libra is a game changerThe most used social media toolsThe need for even more accessibility and ease of use"If I have a Bitcoin, I can send money to my relatives, who are in Malawi or in Namibia or in Ghana. Currently I can't with our own currency. I can't send money out freely and quickly, but if we can sit down as a community and say okay, we need to buy a new borehole and we can do that just by using our phone. That's an amazing thing. You know, if we look at it from a place of development, if you look at it from a place of helping the community and taking care of each other, if it allows us to take care of each other without having to create so many barriers and so much red tape to get stuff done with money, I feel like when you change that narrative, you speak to something very deep within an African." - Teacher and Digipreneur, Zimbabwe"Cryptocurrency feels almost like luxury. It's sad because I don't think that's what it's supposed to be, but it was also bearing in mind cryptocurrency was designed in a functioning environment. It was designed by people who maybe haven't spent 12 hours in a fuel queue?" - Teacher and Digipreneur, Zimbabwe"We need to start having more conversations about the future with the people who are actually affected by the future. Hold workshops under a tree in Binga and have someone who is there who can translate into the local language and have a conversation." - Teacher and Digipreneur, ZimbabweYou can find the full transcript on the episode pageA note from Anita:This podcast special and my trip to Africa would not have been possible without my sponsors and supporters. I want to thank my sponsors first: Thank you: a person-to-person bitcoin trading site, Peter McCormack and the whatbitcoindid podcast, Coinfinity and the Card Wallet, SHIFT Cryptosecurity, manufacturer of the hardware wallet BitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network.This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on the CoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work.Thanks goes also out to - stakwork is a great project that brings bitcoin into the world through earning. One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world.Thank you also to GoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and to Team Satoshi, the decentralized sports team for supporting my work. This special is also brought to you by the Let's Talk Bitcoin Network.Credits:Edited by CoinDesk’s Podcasts Editor: Adam B. LevineImage by: Martina Gruber Photography Idea, content and production: Anita Posch Music: "Start with yes" by Delicate beats
Demetri Kofinas is the host of Hidden Forces, a popular podcast that examines markets through the lens of large patterns of change. On this episode, Demetri and @NLW discuss:How the politicization of the Coronavirus crisis has undermined smart actionHow media incentivizes extreme opinions regardless of underlying expertise What conversations are we not having around Coronavirus - in particular in terms of second order effectsWhy we’ve barely begun to discuss the plan for turning the economy back on
Epsilon Theory’s Ben Hunt joins for a follow up to our pre-lockdown Covid-19 conversation in early March. In the month since, the markets finally started to take Covid-19 seriously, elected officials stopped calling it just the flu, and big chunks of the world economy shut down. Now, as markets rally on early evidence the curve may be flattening, the question is: is this premature? In this episode, Ben & NLW discuss:How the markets have moved from “denial” to “bargaining” Why this rally has all the hallmarks of a type of bear market rally we’ve seen over the last monthWhy the predictability of corporate bailouts doesn’t make them any less detestableWhy we should be buoyed by an explosion of ground-up, grassroots citizen actionHow Frontline Heroes is creating a p2p PPE purchasing network that gets essential gear into the hands of health professionals without causing additional price pressure for state-led negotiations
Second order effects are things that happen as unexpected outcomes of something else happening. These effects can create surprising causal chains. Take this for example: A pandemic makes everyone need to work from home leads to an increase in video calling leads to Walmart reporting that people are buying more shirts, but not pants. Emerson Spartz is one of the world’s foremost thinkers on virality and the internet. He founded Mugglenet - the world’s biggest Harry Potter fan site - as a middle school drop out, and would later found and raise tens of millions for Dose. In the past weeks, Emerson started an open crowdsourced document on the Coronavirus’ second order effects that has, itself, gone viral, especially among venture capitals and other investor circles trying to understand what the world looks like on the other side of this. Emerson brings a surprisingly optimistic perspective on where this could lead a generation of people who are now more fully plugged in to the internet than ever before.
In Today's discussion we'll briefly talk about some of the knock-on, or second order affects which the coronavirus disruption is having on our world today, and which may continue into the future. Then for the meat of the show we'll dig into specific areas where bitcoin could, or perhaps is being improved with the creator of one of the most impactful peer to peer technologies live in the world today.Shownotes for LTB! #433Topic 1 - Second Order Impacts of Coronavirus LockdownsSocial distancing and the revenge of the HikikomoriCoronavirus second order effectsIt’s an extroverts world but we’re all introverts this monthThe AOL moment for Zoom meetings and arguing the potatoInterpersonal compression, zoomers and enforced quality timeWill overall deaths go down because of pandemic lockdowns?The end of “Bus Mode” for Lyft and UberAutonomous vehicles, grocery deliveries and the last mile problemTampons, cocktail sausages and a very weird monthThis episode is sponsored by eToroA friendly government delivery service?Opportunities in sterilization and social changes that’ll lastAutomated cleansing cycles and Far-UVCInternet infrastructure, Netflix social signaling and the recycling dilemmaMasks, headphones and the changing standard of social isolationTOPIC 2 - How the creator of BitTorrent thinks he’s created a less wasteful, more distributed, more secure approach to Nakamoto ConsensusDecentralized systems and the critical success of BitTorrentNaming projects, vegetables and a list of grainsProof of Space and TimeWarehouses of computers, competitive money burning and Keynesian stimulusProof of Work works and that’s a huge accomplishment, but could be betterCentralization, Nakamoto consensus and Proof of StakeMoats and losing the battle with ASIC-hard consensus algorithms“Grinding attacks” as the competitive strategyFundamental economics, storage capacity and the loopholeAirdrops for something over-resourced and under-provisionedLosing money on buying “farming” hardwareThe early days of bitcoin mining with CPUsPower and CPUs, GPUs, FPGAs, and ASICsHard Drives ,hard drives, hard drives and hard drivesStoring data as proof, but not peoples data is like Proof of Work; the work isn’t useful, it’s just a measuring stick that doesn’t need your name or a long term commitmentPrinting lottery tickets with ASICs vs. a hard drive full of bingo cardsProofs of Space need Proofs of TimeLess wasteful by using an underutilized resourceMore distributed because excess hard drive capacity is already distributed and there is no “ASIC” equivalent possible for hard drives. Just better or faster hard drivesMore secure because less wasteful and more distributed equal better security in distributed consensusBreaking, tweaking and proving proofs of time and spaceMiners don’t run data centersUTXOs, message passing on-chain programming environments and walking a fine line between Bitcoin and EthereumRate limiting wallets and reversible paper walletsImproving colored coinsDecentralized exchange doesn’t need decentralized exchangesFarming, pre-farming, farming rewards and trailing emissionsWhy pre-farm?Is it viable to farm with AWS?Carrying hundred dollar bills and Chia’s business model involves loaning Tokens To Large International CompaniesCovenants replicate many banking system benefits without requiring banks or centralizationComplexity, Bitcoin Script and Protocol Level ImprovementsThis episode was sponsored by, with music by Jared Rubens, Gurty Beats and Adam B. Levine.  Today's show featured Bram Cohen, Andreas M. Antonopoulos, Stephanie Murphy, Jonathan Mohan and Adam B. Levine with editing by Jonas.
In about 40 days, the world’s first and largest cryptocurrency by market capitalization, bitcoin, will undergo a pre-programmed block reward reduction known as the halving. Roughly every 4 years, bitcoin’s block subsidy rewards are cut by 50 percent in order to prevent currency inflation. Recurring halving events also ensure that total supply over time is capped at 21 million coins. It will take an estimated 64 halving events before the last bitcoin is mined. So far, there have only been two. To commemorate bitcoin’s third halving, CoinDesk Research is launching today a new weekly podcast series about the bitcoin mining industry. Each episode features discussions with leading experts in bitcoin mining hardware, operations and pool management on a variety of topics related to block subsidy reward reductions and their impact on the crypto markets. Hosted by CoinDesk Research Analyst Christine Kim, the first episode of the Bitcoin Halving 2020 podcast series is about the impact of bitcoin’s third halving on the concentration of miners in China. Discussing and debating this topic is Ethan Vera, head of finance at one of North America’s largest cryptocurrency mining pools Luxor Technologies. Also joining Kim and Vera on the show is Wolfie Zhao, a veteran member of the CoinDesk editorial team who specializes in news coverage on the Chinese bitcoin mining industry. For more information about the bitcoin halving, CoinDesk Research has recently published a 30-page explainer report on these events which features additional commentary from Vera and other mining industry experts. The report is free to download on the CoinDesk website.
Matt Luongo got his start in bitcoin in 2013. In 2016, he watched a pivotal moment where the sound money, digital gold narrative subsumed the payments use case for bitcoin. While he agreed, ultimately, with the important of bitcoin as a new reserve asset, he still wanted to build and found his way to Ethereum. Now his company is launching tBTC, a trust-minimized bridge between bitcoin and ethereum. Among other uses, it is a new solution to enabling bitcoin to be used as collateral in DeFi applications. In this conversation, Matt and @NLW discuss these narrative shifts, as well as what the role and narrative for DeFi might be in a post-Covid crisis world.
The economic outlook is grim. The jobless claims keep piling up and even the most intransigent states are shutting down business. There isn’t - yet - a realistic plan - for returning to any sort of economic normalcy. Yet in this bleak view, there are a handful of crypto indicators that suggest for cautious optimism. In this episode, @NLW discusses:The crypto community’s volatility resilience A significant uptick in Stablecoin issuance Proof that bitcoiners have been buying the dip Evidence that new audiences are finding their way to bitcoin (and perhaps with a sound money narrative in mind) Binance’s acquisition of CMC and the power of M&A signals
After three weeks of listening, recording and talking bitcoin (BTC) in Africa, podcaster Anita Posch is back in part 3 of her six-part documentary podcast series. In the first and second part of this six-part series you heard about the difficult living situation, the hyperinflation and about the multi-currency world that Zimbabweans have to live with since many years. In this - the third part - you will hear from two early bitcoin (BTC)  adopters based in Harare. We speak about the different use cases for bitcoin, how it can be exchanged to U.S. dollar and RTGS [the Zimbabwe dollar], what the obstacles and pros are, about regulation and what the two online entrepreneurs want to tell people outside of Africa.In the third part of the six-part series about Bitcoin in Africa you will hear from two early bitcoin adopters based in Harare. Anita speaks with them about the different use-cases for bitcoin, how it can be exchanged to US Dollar and RTGS, what the obstacles and pros are, about regulation and what the two online entrepreneurs want to tell people outside of Africa.After the interviews Anita answers a listener's question about the possibilities for rural communities to use bitcoin.
“Some countries just aren’t going to emerge from the Coronavirus.”Peter Zeihan is one of the world’s foremost geopolitical experts. In his new book “Disunited Nations: The Scramble for Power in an Ungoverned World,” Zeihan argues that we’re at the end of the largest expansionary period in human history. As America withdraws from global leadership, a totally new (and for most parts of the world, more painful) ‘normal’ will emerge. On this episode of The Breakdown, Zeihan joins @NLW to discuss why the Coronavirus crisis is rapidly accelerating the end of the era of globalization. How the American-led global order used the dollar as the tool to keep the world together Why geopolitics and demography are coinciding to end the era of globalization Why Covid-19 will spark a massive return of American manufacturing Why, when it comes to the dollar’s status as the world’s reserve currency “Never before has the “exorbitant privilege” of being the world’s reserve currency felt more exorbitant or more like a privilege. Why the crisis could spell the end for the Euro Why China isn’t nearly as well positioned in the post globalization era as many assume Why the best positioned countries in the coming era are the US, Japan, Argentina, France and Turkey
In this wide-ranging discussion, Castle Island Ventures founding partner and Coin Metrics co-founder Nic Carter joins @NLW to discuss:Why corporations weren’t adequately prepared for any serious economic trouble, much less a global pandemic Why government backstopping the corporations leads to inappropriate risk-taking How stock buybacks became a boogeyman of the current crisis Why the crisis is actually four crises in one: health, economic, financial, and geopoliticalHow Covid-19 could accelerate the US’ withdrawal from the world and China stepping into the void Why the response to the handling of Covid-19 could lead some to authoritarianism How stablecoins are allowing global market exposure to the world’s most in-demand currency: the USD Why stablecoins and central bank digital currencies look the same but are functionally opposite Why a ‘naive safe haven’ narrative was never correct for bitcoinWhy bitcoin was designed for exactly this type of moment.
On January 28th, Bloomberg’s Joe Weisenthal tweeted “Notable overlap on here between the most alarmist people tweeting about the virus and those who are obsessed with the size of the Fed balance sheet.” There is no doubt that the bitcoin and crypto community broadly were far earlier in recognizing the potential significance of the Covid-19 crisis than most professional communities. Today , America preps for at least another month of lockdown and social distancing. The markets continue their chaotic swing as investors are simply unable to price in such a once in a lifetime event. A question for the crypto community becomes: how is this impacting narratives about our own industry? In this episode, @NLW looks at the impact of the Covid-19 crisis on narratives around:BitcoinStablecoinsDigital Dollars and Central Bank Digital CurrenciesDeFi Privacy
In the aftermath of the so-called "Black Thursday" crash from several weeks ago, MakerDAO's "DAI" ethereum backed dollar pegged stablecoin came untethered and was, for a time at least, functionally insolvent. In the aftermath, holders of the MKR token which allows holders to participate in governance decisions opted to do a couple of things, including adding the centralized stablecoin USDC to the list of acceptable collateral, which drew both condemnations mostly around centralized risk being added to the system and praise for making the system more robust against sudden ETH collateral price crashes.And now most recently, the Maker Foundation which had held some centralized control over the protocol completed their long-planned exit with all authorities now transferred to the holders of MKR tokens, removing both a point of control which had been used as a safety check and a point of risk in that centralized control can be co-opted and used to disrupt a system as we've seen in other examples.On today's show we're digging into:What is Decentralized Finance (DeFi)?How does decentralized finance differ from traditional banking?Fractional reserve vs over-collateralized loans Liberty Dollars’s missing collateral and USDC’s risky nameMakerDAO, DAI dollar-pegged stablecoins and how this DeFi stablecoin actually worksSDAI (Single Collateral DAI) vs. DAI (Multi Collateral DAI)Smart contract ‘vaults’Lending money to yourself: 150%, 300%, insurance and auctionsWhat happened on ‘Black Thursday’ as the price of Ether dropped more than 50%What happened when transaction fees went through the roofA bug in the collateral auction smart contractA surprising crash: as the system became functionally insolvent the price of the dollar pegged stablecoin actually went vaults are transparent, take a look!Loaning yourself money using your ether (at interest)How MakerDAO’s approach differs from SALT LendingThe other half of the DAI system: saving vault smart contractsDAI Saving Rate (DSR) and the new certificate of depositThe reward for using MKR tokens to administer a good systemCan savings vaults be liquidated?Smart contract risks, consensus risks, systemic risks and response time risksSponsors: and Purse.ioWhat specifically went wrong with the auction smart contracts?Recapitalizing the system by diluting MKR governance stakeholdersEven with bugs, market mechanisms to fill the solvency hole seemed to work better than government bailout equivalents.Completing the transition from foundation-overseen to full tokenized governance.Decentralization transition - A necessary step or a natural one?Single collateral vs. Multi-collateralWhy would a decentralized stablecoin want to allow a centralized stablecoin for collateral?External political risks vs. internal technological risks“Life finds a way” and DeFi’s natural circuit breakers (also Mt.GOX)Whats the point of putting USDC in to get DAI out?How does DeFi insurance work?A modular ecosystem How DeFi and traditional finance are similarDeFi vs. 2nd layer protocols
"...I think the right lesson to draw from all of this is that a global order needs to be based on a distributed operating system, not on a centralized architecture. And I think that applies not just in the realm of money but also across the board so that there is a greater capacity for local response than we currently have..."CoinDesk's Michael Casey speaks with author, historian and Hoover Institution senior fellow Niall Ferguson about our disrupted world, inevitable crisis and what it could mean for money. Album Art Photo by Christine Roy on Unsplash
In this episode of The Breakdown, @NLW reflects on the themes that defined an absolutely wild week in global markets and society. Those themes include:Unlimited QE - broad new powers (corporate bond buying anyone?) and an unlimited checkbook for the Fed Digital Dollars - a surprise inclusion of a digital dollar in an early Stimulus draft shifts the Overton windowNarrative Shift to “Grandma Dies For The Dow” - narrative analysis that suggests that the “just the flu” of two weeks has become “business closures will kill more than COVID”Stimulus as Corporate Socialism - a huge bailout for businesses explained away by something that Taleb says is decidedly NOT a Black SwanThe Last Break of Institutional Trust - jobless claims were 4x higher than the previous record on the same day the stock market went bull again - trust in leadership is deadSurveillance - a growing concern with surveillance - such as the new CDC program earmarked in the Stimulus packageBitcoin difficulty adjustment - as Preston Pysh put it “this thing is so resilient it’s almost laughable”
The Senate passed $2T in Stimulus. That includes a one time $1,200 check to impacted individuals and….you guessed it, billions and billions for corporate relief. Included in that are hundreds of billions of dollars in corporate bond buying programs. The Federal Reserve has recruited asset management giant BlackRock to administer three of those programs. Here’s the kicker. As Bloomberg describes it: “under the arrangement [BlackRock] could buy some of its own funds on behalf of the central bank.” Outrage is running rampant, and to help listeners sort through it, @NLW is joined by Meltem Demirors, Chief Strategy Officer at CoinShares. In this conversation, they discuss:The government mechanics behind the “money printer go brrr” meme The unfathomable failure of US intelligence in seeing the pandemic coming The deficit of leadership across the political spectrum What Blackrock means and why “they’re not even pretending anymore” Why Twitter memes on their own can’t change the worldWhy bitcoin can and should be a gateway and tool for evangelizing more systemic change
In this second part of the “Bitcoin in Africa” podcast documentary series, join Anita as she learns about Zimbabwe and the country's multiple currencies. Combining on-the-ground recordings, interviews and thoughtful narration, she paints a picture of why things are how they are, as well as the state of human rights and free speech.In the first episode we learned about the current living situation of Zimbabweans and the country's political history. Anita helped us understand why things are how they are as well as the state of human rights and free speech. In this episode you'll get to know the multi-currency world, the different forms and usages of money as well as the price fluctuations that Zimbabweans are dealing with day by day. We'll also take a look at the current regulations of cryptocurrencies, the usage of mobile payments and internet connections and the prospects of Bitcoin in Africa.This podcast special and Anita's trip to Africa would not have been possible without her sponsors and supporters.ANITA:I want to thank my sponsors first: Thank you: a person-to-person bitcoin trading site, Peter McCormack and the whatbitcoindid podcast, Coinfinity and the Card Wallet, SHIFT Cryptosecurity, manufacturer of the hardware wallet BitBox02 and many thanks to several unknown private donors, who sent me Satoshis over the Lightning Network.This special is edited by CoinDesk’s Podcasts Editor Adam B. Levine and published first on the CoinDesk Podcast Network. Thank you very much for supporting the Bitcoin in Africa series with your work.Thanks goes also out to – stakwork is a great project that brings bitcoin into the world through earning. One can do microjobs on stakwork, earning Satoshis and cash them out without even having an understanding about the lightning network or bitcoin. I think we need more projects like that to spread the usage of bitcoin around the world.Thank you also to GoTenna, for donating several GoTenna devices to set up a mesh network in Zimbabwe and to Team Satoshi, the decentralized sports team for supporting my work.This special is also brought to you by the Let’s Talk Bitcoin Network.
CoinDesk’s Chief Content Officer Michael Casey and Head of Research Noelle Acheson join for a lively debate about the new $2 trillion stimulus package and era of “unlimited” QE, including:Whether (and on what time scale) fiscal and monetary stimulus might lead to inflationWhether the Fed buying corporate bonds amounts to a nationalization of the bond marketsWhy the appearance of a ‘digital dollar’ in an earlier stimulus proposal was a huge surpriseHow a digital dollar in the form proposed would upset the balance of power between the Fed, commercial banks, and citizens Why trust in governments and financial institutions is likely to achieve new lows in the wake of COVID-19Why people are reevaluating the meaning and purpose of money   
Mark Yusko is the founder of Morgan Creek Capital Management. In this wide-ranging conversation, he and @NLW discuss: Why bitcoin has fallen with stocks over the last few weeksWhy price and value are not the same thingWhy stocks have been manipulated An argument for buy backs being illegal Why cronyism is not capitalism Why bailouts and other types of intervention help zombie companies that should perishA debate about whether the “cure is worse than the disease”The costs of a 0-risk tolerance The polarization of health vs. economics Why there should be a market holiday Why bitcoin is the last and only free market Why the big market announcements are always on Sunday Why we’re headed to debt jubilee There is a non-zero probability that Trump tries to cancel the election  Why a lack of leadership is the biggest cause for pessimism today
Comments (6)

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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