The Breakdown

On today's episode, NLW looks at Binance's troubled history with the Great White North, and explores to what extent their exit from Canada is a story about Binance or a story about Canada. Also Quadriga CX is finally returning to creditors at 13c on the dollar. 

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Today on Long Reads Sunday, NLW reads Nic Carter's "The White House’s Bitcoin Mining Tax Undermines Itself"

 

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Today on The Breakdown its FTX's Insane tax bill and why 2022 won't leave us alone.

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On today's Breakdown, NLW catches up on: 

• A number of amicus briefs filed in support of Coinbase's lawsuit against the SEC
• The Chamber of Commerce joins the fight
• Reps McHenry and Huizenga pen another letter to SEC demanding information
• Brad Sherman blasts GBTC in letter to SEC 
• DCG-Genesis in mediation after deal falls apart

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Another week, another crypto hearing, and this time the Democrats handed out talking points. NLW discusses how partisan the discourse around crypto and Bitcoin are becoming and assesses whether it is likely to be a winning political strategy. 

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We got our report card today! Inflation surprised to the downside, coming in at 4.9%. NLW explores the reaction and why Powell still has three big barriers to getting his soft landing, including, notably, the debt ceiling negotiations. 

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..it's not BRC20. (At least not yet). Nope, it's the SEC's custody rule which is yet another attempt at a de-facto crypto ban through legal wrangling. The crypto industry, however, is not having it. 

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“The Breakdown” is written, produced and hosted by Nathaniel Whittemore aka NLW. Research is by Scott Hill. Editing is by Rob Mitchell and Kyle Barbour-Hoffman. Our theme music is “Countdown” by Neon Beach.

A busy weekend around the crypto space. On today's episode, NLW covers:

• Tl;DR on BRC-20
• Binance halting withdrawals and announcing support for Lightning
• DOJ targeting Binance around sanctions?
• NYAG introduces even more sweeping crypto legislation

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“The Breakdown” is written, produced and hosted by Nathaniel Whittemore aka NLW. Research is by Scott Hill. Editing is by Rob Mitchell and Kyle Barbour-Hoffman. Our theme music is “Countdown” by Neon Beach.

On this week's Long Reads Sunday, NLW reads:

Reviving Argentina's Economy: Dollarization and Bitcoin as Catalysts for Change - Carlos Cardenas 

The Fall of Bitcoin in the Central African Republic: Why This Legal Tender Experiment Failed - Jonathan Buck

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“The Breakdown” is written, produced and hosted by Nathaniel Whittemore aka NLW. Research is by Scott Hill. Editing is by Rob Mitchell and Kyle Barbour-Hoffman. Our theme music is “Countdown” by Neon Beach.

One of the jarring but regular experiences of modern life is discovering that someone, perhaps even someone close to you, sees the world and the events that happened in it in a wildly different way from what your perception tells you happened. It can feel like we're all living in completely different realities.   More and more, argues Catholic University Professor Jon Askonas, we are living in different realities. Jon is currently in the midst of a set of long-form explorations about the end of consensus reality for the New Atlantis journal. They explore how the internet came to fracture the perception of a common shared reality that was, it turns out, an artifact of a high centralized media apparatus during the 20th century.   What lies on the other side of the end of consensus reality is the question. Is it a bad thing, or simply different? Will it necessarily engender new institutions? These are the questions Jon and NLW explore on today's episode.

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“The Breakdown” is written, produced and hosted by Nathaniel Whittemore aka NLW. Research is by Scott Hill. Editing is by Rob Mitchell and Kyle Barbour-Hoffman. Our theme music is “Countdown” by Neon Beach.