BTC204: Stablecoins vs Bitcoin w/ Allen Farrington (Bitcoin Podcast)
Description
In this episode, Allen shares his thoughts on the Saifedean vs. Saylor debate on borrowing against Bitcoin, the role of stablecoins in expanding fiat, and their underlying protocols. He also delves into the risks of stablecoins compared to traditional bank accounts and highlights current technical risks in the crypto space. Allen gives his take on free speech and technologies like Nostr and discusses the growing custody and derivatives activity with institutions like BNY Mellon and IBIT.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:26 - Allen’s perspective on the Saifedean vs. Saylor debate regarding borrowing against Bitcoin.
05:55 - Why stablecoins may or may not be more risky than traditional bank accounts.
10:26 - How stablecoins might help in the expansion of fiat currencies globally.
14:46 - Technical risks that Allen is currently concerned about in the crypto space.
27:19 - Whether stablecoins require protocols like Tron or Solana for long-term functionality.
31:51 How institutional involvement is changing the crypto landscape, from custody to derivatives.
39:48 - Allen’s views on free speech, Nostr, and supporting technologies for Bitcoin.
45:48 - The significance of BNY Mellon’s custody services and the approval of derivatives for Bitcoin.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Allen's (X) Twitter Account.
- Allen on Nostr.
- Allen’s book: Bitcoin Is Venice: Essays on the Past and Future of Capitalism.
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