Bruce Fenton, founder of the Satoshi Roundtable and Chainstone Labs, joins the show to talk security tokens and tokens-which-are-securities. In this episode:

• About Bruce's company Chainstone labs
• How the Bitcoin Roundtable is intertwined with Bitcoin history and the blocksize debate
• Coinbase's ongoing rapprochement with Bitcoiners
• Why longevity is so difficult in the crypto industry
• Are we living in the most historically aggressive period in terms of regulatory oversight into the industry?
• What Bruce makes of Heath Tarbert's comments on Ethereum
• Continuing uncertainty about the status of Ripple's XRP – and what possible outcomes look like
• The prospects for token S1s and a genuine standard of disclosure for new issuances
• Why trying to avoid securities laws causes token issuers to create subpar instruments
• How much control do governance tokens really give tokenholders?
• Why Bitcoin isn't sufficient to resist the state alone – and what tools are part of that toolkit
• Why the US should consider disrupting itself with regards to managing the world's financial system
• Why some people like security tokens for the wrong reasons
• The logistical advantages of tokenizing a security
• How security tokens could open up mid-size businesses which don't have access to capital markets