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Unchained episodes
- Unconfirmed: Why the FTX.US/LedgerX Deal Indicates Crypto M&A Might Start Booming - Ep.269
Steven Ehrlich, director of research for digital assets at Forbes, discusses the FTX.US-LedgerX merger, what to expect from FTX going forward, DeFi regulation, and more. Show highlights:
- why the FTX.US acquisition of derivatives platform LedgerX is significant
- how FTX.US stacks up against other US cryptocurrency exchanges
- who should use crypto derivative products
- how regulators might handle FTX.US and crypto derivative ETFs
- what to expect from FTX going forward
- how long FTX CEO Sam Bankman-Fried spends talking to regulators every day
- why Steven thinks crypto mergers and acquisitions will be a trend going forward
- what Steven learned from his conversations with Polygon and Hermez
- how Fereshteh Forough, a woman living in Afghanistan, is using crypto to help teach women to build dapps, smart contracts, and use crypto
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Polymarket: https://polymarket.com
Sorare: https://sorare.com
Episode Links
Steven Ehrlich
- https://www.forbes.com/sites/stevenehrlich/?sh=fb976542ce44
https://twitter.com/Steven_Ehrlich- https://www.forbes.com/newsletters/forbescryptoassetadvisor/?sh=55678b72dec8
FTX.US Merger
- https://www.forbes.com/sites/stevenehrlich/2021/08/31/us-bitcoin-exchange-backed-by-billionaire-sam-bankman-fried-moves-into-crypto-derivatives/
M&A Trend
https://www.forbes.com/newsletters/forbescryptoassetadvisor/2021/08/31/exploring-voyagers-900-million-token-merger/?sh=29f4f16851b4Interview with Sam Bankman-Fried
https://www.forbes.com/sites/stevenehrlich/2021/08/30/billionaire-sam-bankman-fried-pushes-back-against-critics-of-crypto-derivatives/?sh=6428141b5cbdPolygon-Hermez Deal
https://www.coindesk.com/polygon-merges-with-hermez-network-in-250m-dealFereshteh Forough Coverage
- https://www.forbes.com/sites/stevenehrlich/2021/08/17/taliban-resurgence-could-threaten-afghan-school-teaching-women-to-code-and-build-ethereum-apps
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38 min - How Pplpleasr Helped Fortune Magazine Sell More Than $1 Million in NFTs - Ep.268
Pplpleasr, the artist behind Fortune magazine’s recent crypto cover and Uniswap’s V3 announcement animation, talks about her crypto journey and how NFTs are changing the game for creators. Show highlights:
- how not getting a job at Apple changed her life forever
- how the Pplpleasr-Uniswap collaboration came about
- what goes into her creative process
- how Pplpleasr got hired for the Fortune magazine cover
- why she chose to represent anon-avatars on the Fortune cover
- why Pplpleasr was surprised by Fortune’s response to her artwork (and crypto in general)
- what sort of crypto personas are represented on the Fortune cover and why
- how NFTs are changing the paradigm of monetization for creators compared to the traditional art world
- what pplpleasr is looking forward to in future NFT smart contracts
- why NFTs are still limited right now
- why institutions, like Budweiser and Visa, are suddenly interested in NFTs
- what Fortune is doing to grow its NFT collection
- how DAOs are changing art curation and collecting
- why Pplpleasr was surprised that a DAO (bearing her name) purchased the Uniswap V3 animation
- where Pplpleasr thinks the NFT space will go in the next year or so
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Polymarket: https://polymarket.com
Episode Links:
Pplpleasr
- Twitter: https://twitter.com/pplpleasr1
- Instagram: https://www.instagram.com/pplpleasr/
- Website: https://pplplsr.com/
Pplpleasr Content:
- Fortune op-ed on crypto
-
- https://fortune.com/2021/08/06/nft-art-pplpleasr-fortune-cover-ethereum-defihow-crypto-changed-my-life/
- Her previous work for DeFi protocols
-
- https://pplplsr.com/Crypto
- Fortune cover
-
https://fortune.com/2021/08/05/nft-drop-pplpleasr-cover-art-opensea-auction-ethereum/https://twitter.com/pplpleasr1/status/1423359319639212037?s=20Miscellaneous Links
- PleasrDAO
-
- https://pleasr.org/
https://pleasr.mirror.xyz/D9wIadL-5EEkt17glTtar21m3RDqfgkhkr__OEE2mOE- OpenSea’s post-mortem on Chad sale
https://twitter.com/opensea/status/1424866514558128130- Business of business write up
- https://www.businessofbusiness.com/articles/defi-crypto-meme-hustler-yield-farmer-finance-blockchain-art-nft-pplpleasr-memetic-markting/
- Manifold
https://www.manifold.xyz/Learn more about your ad choices. Visit megaphone.fm/adchoices
38 min - Unconfirmed: How Another NFT Trend, .eth Names, Has Attracted the Likes of Budweiser - Ep.267
Nick Johnson, lead developer at the Ethereum Name Service (ENS), talks about making Ethereum human-readable, why Budweiser purchased an NFT, how purchasing an ENS works, and more. Show highlights:
- what ENS does and why it is important
- why Budweiser bought “beer.eth”
- how ENS names can be used to make Ethereum easier to use
- what business use cases ENS names make possible
- what made Nick want to create a naming service on Ethereum
- how people are using their ENS names
- why people are purchasing ENS names
- what privacy issues arise from people attaching their name to an ETH address
- what happens when Ethereum addresses get spammed with unwanted tokens
- how to buy an ENS name and how much it costs
- how ENS handles squatters
- what happens when you lose access to an address holding an ENS name
- how ENS is integrating normal domains (ex: “.com”) to Ethereum
- what ENS has planned for L2 launches
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Polymarket: https://polymarket.com
Sorare: https://sorare.com
Episode Links:
Nick Johnson
- Twitter: https://twitter.com/nicksdjohnson
- Website: http://blog.notdot.net/
Ethereum Domain Service
- Twitter: https://twitter.com/ensdomains
- Website: https://app.ens.domains/
Miscellaneous links
- Budweiser ENS purchase: https://decrypt.co/79397/from-visa-to-budweiser-big-brands-are-taking-nfts-seriously
- Unwanted tokens being sent to addresses
https://decrypt.co/79406/budweiser-dick-pic-nft-ethereum-wallethttps://www.coindesk.com/markets/2021/05/12/vitaliks-regift-of-unsolicited-doge-knockoffs-sends-memecoin-prices-plunging/- DNS (.com) integration with ENS: https://twitter.com/ensdomains/status/1430933399745798155
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37 min - BitGo on Why the Travel Rule Should Not Apply to Digital Assets - Ep.266
BitGo CEO Mike Belshe and COO Jeff Horowitz talk about one of the hottest topics facing the crypto industry today: regulation. They discuss...
- what BitGo does
- why Jeff left his successful TradFi career to go crypto
- how crypto compliance and custody differs from the traditional finance world
- the state of crypto education amongst regulators
- why Jeff and Mike think the infrastructure bill is a win for the crypto industry
- what FinCEN is doing to regulate crypto
- why they think the infrastructure bill’s goal of raising billions in crypto taxes could only bring in millions
- what FATF guidance regarding VASPs requires of crypto companies
- why the travel rule could lead to US customer data being shared overseas
- how digital assets change the implications of the travel rule
- how regulators are attempting to deal with DeFi
- what the FATF guidance means for FATF countries, like the US
- why DeFi is not ready for strict regulations
- Jeff’s views on Brian Brooks’s departure from BinanceUS
- the Galaxy Digital acquisition of BitGo
- what security issues a trillion-dollar wallet presents
- why BitGo refused to put a “freeze” function in its WBTC contract
- why Tesla and MicroStrategy purchased BTC and why other companies have been slow to follow suit
- whether BitGo will offer NFT solutions going forward
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2
Polymarket: https://polymarket.com/
Episode links
Mike Belshe -- CEO BitGo
- LinkedIn: https://www.linkedin.com/in/mikebelshe/
- Twitter: https://twitter.com/mikebelshe
- Previous Unchained appearance: https://unchainedpodcast.com/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future/
Jeff Horowitz -- CCO BitGo
- LinkedIn: https://www.linkedin.com/in/jeff-horowitz-3381977
BitGo
- Website: https://www.bitgo.com/
- Twitter: https://twitter.com/BitGo
- Blog: https://blog.bitgo.com/
- Galaxy Digital purchase: https://www.coindesk.com/galaxy-digital-to-buy-bitgo-for-about-1-2-billion-in-stock-cash
- FATF solution: https://www.coindesk.com/us-crypto-giants-build-first-version-of-fatf-compliant-travel-rule-tool
- New York Trust Charter: https://decrypt.co/60110/bitgo-new-york-trust-charter-crypto-wall-street
Infrastructure bill and its implications for crypto
https://twitter.com/mikebelshe/status/1424163820726009861- https://www.wsj.com/articles/bitcoin-fans-are-suddenly-a-political-force-11629115380
- https://www.coindesk.com/infrastructure-bill-house-politics
- https://www.cnbc.com/2021/08/16/tax-foundation-infrastructure-bill-crypto-tax-provision-is-unworkable.html
- https://decrypt.co/78198/senate-passes-infrastructure-bill-crypto-tax-house
- https://www.taxnotes.com/featured-analysis/proposal-regulate-digital-asset-transactions-should-be-struck/2021/08/13/775gf#.YRfX9GEX2GI.twitter
- https://twitter.com/vtg2/status/1426264859071627266
https://twitter.com/BlockchainAssn/status/1427276559052910599- Unchained coverage:
- https://unchainedpodcast.com/how-congress-might-pass-laws-bad-for-proof-of-stake-and-defi/
- https://unchainedpodcast.com/crypto-got-screwed-what-happens-next-in-the-senate/
- https://unchainedpodcast.com/this-bill-looks-very-bad-for-crypto/
FATF and the travel rule
- https://sumsub.com/blog/what-is-the-fatf-travel-rule/
- Unchained coverage:
- https://unchainedpodcast.com/why-the-travel-rule-is-one-of-the-most-significant-regulations-in-crypto/
- https://unchainedpodcast.com/why-proposed-fatf-rules-could-be-a-shock-for-defi/
Learn more about your ad choices. Visit megaphone.fm/adchoices
1 hr 6 min - Unconfirmed: SOL Is Up 3,800% YTD. Could It Eventually Displace Ethereum? - Ep.265
SOL is up 75% over the past seven days, 205% in the past month, and 3,800% YTD. On Unchained, Multicoin Capital’s Kyle Samani discusses the DeFi projects fueling Solana’s growth, why he thinks Solana could make Ethereum obsolete, and the spectrum of decentralization. Show highlights:
- what factors have contributed to SOL’s growth this year
- what two milestones occurred last week that Kyle thinks supercharged SOL’s popularity
- why Kyle thinks the issues with the Degen Ape Academy NFT drop were not actually a problem with the Solana blockchain
- what projects will be possible on Solana that are impracticable on Ethereum
- why Kyle thinks some combination of NFTs and social token apps will be the first breakout app on Solana
- why Solana decreases the risk of massive liquidations -- like the crypto industry saw on Black Thursday in March 2020
- how Solana and Ethereum differ in regards to composability and fragmentation
- what BitClout has to do with Kyle’s Solana investment thesis
- why Solana could be the basis for the next crypto bull run
- why Kyle thinks the Ethereum merge as it completes transition to Ethereum 2.0 will not really affect Solana
- how the competition between Solana and Ethereum could play out in the next 12 months
- why Kyle is not overly concerned about Solana being more centralized than Ethereum
- what the Solana versus Ethereum competition will look like going forward, and why Solana may have the upper hand
- what Kyle learned from his investment in EOS
Thank you to our sponsors!
Sorare: https://sorare.com
Polymarket: https://polymarket.co/unconfirmed
Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021
Episode links
Kyle Samani
- Twitter: https://twitter.com/KyleSamani
- Multicoin Capital: https://multicoin.capital/
Previous Unchained appearances:
- May 2021: https://unchainedpodcast.com/how-solana-and-binance-smart-chain-could-take-ethereums-lead/
- April 2020: https://unchainedpodcast.com/the-most-forkable-defi-protocols-on-ethereum/
- March 2020: https://unchainedpodcast.com/teetering-on-the-edge-how-black-thursday-exposed-the-flaws-in-the-crypto-markets/
- January 2020: https://unchainedpodcast.com/kyle-samani-on-how-2020-will-be-the-year-of-small-success-stories/
- March 2019: https://unchainedpodcast.com/how-binance-could-become-the-first-decentralized-autonomous-corporation/
- June 2018: https://unchainedpodcast.com/multicoins-kyle-samani-on-why-he-believes-bitcoin-governance-doesnt-accommodate-the-real-world-ep-025/
- May 2018: https://unchainedpodcast.com/multicoin-on-the-1-thing-crypto-teams-miss-in-their-quests-for-success/
Solana
- Twitter: https://twitter.com/solana
- Recent updates: https://solana.com/news/solana-ecosystem-news/
- Website: https://solana.com/
Recent SOL boom
- https://twitter.com/JohnStCapital/status/1427088119870935047
- https://www.ar.ca/blog/11-thoughts-during-a-digital-assets-bull-market
https://www.forbes.com/sites/ninabambysheva/2021/08/16/solana-hits-new-all-time-high-above-60/https://twitter.com/KyleSamani/status/1425282669630328841Projects
- Saber (AMM/DEX) growth
-
https://twitter.com/Saber_HQ/status/1428062812228759564- Audius
-
- https://www.coindesk.com/crypto-powered-audius-wins-tiktok-tie-up-for-streaming-music-direct-to-platform
- Degenerate Ape Academy
-
- https://www.theblockcrypto.com/post/114703/solana-hits-all-time-high-as-market-watchers-say-institutional-interest-is-growing
https://twitter.com/Pentosh1/status/1427034066784763904https://twitter.com/samecwilliams/status/1426828830552084482- Mango Markets
- https://www.coindesk.com/solanas-mango-markets-dex-raises-70m-in-mngo-token-sale
- Wormhole
https://www.coindesk.com/solana-launches-cross-chain-wormhole-for-shuttling-assets-from-ethereum-bscMulticoin’s Solana material
- https://multicoin.capital/2021/05/04/announcing-venture-fund-ii/
- https://multicoin.capital/2019/03/14/on-value-capture-at-layers-1-and-2/
https://multicoin.capital/2019/07/30/the-world-computer-should-be-logically-centralized/Solana overview
- https://thedefiant.io/solana-defi-ecosystem-overview/
- https://research.thetie.io/solana-ecosystem/
- https://research.binance.com/en/projects/solana
- https://medium.com/coinmonks/solana-more-update-for-sol-becb65024877
- https://genesisblockhk.com/what-is-solana/
Block explorers
- https://explorer.solana.com/
- https://solanabeach.io/
https://solanaproject.com/Submitted questions from Unchained listeners
https://twitter.com/Unchained_pod/status/1428136429805264898Learn more about your ad choices. Visit megaphone.fm/adchoices
43 min - On-Chain Analytics Show ETH Accumulation Is Greater Than That of BTC - Ep.264
NFTs are the talk of the metaverse, EIP 1559 just went live, and DeFi stats are rebounding. On Unchained, Fredrik Haga, cofounder and CEO at Dune Analytics, along with Richard Chen, general partner at 1confirmation, discuss the booming Ethereum ecosystem through the lens of on-chain data, diving into NFTs, DeFi, ETH, and their favorite layer 2s. Show highlights:
- why Ethereum is on such a pronounced upswing
- why on-chain metrics lead to superior information reporting
- mind-blowing OpenSea statistics
- why NFTs are so hot at the moment
- how Richard explains NFTs to normies
- whether the NFT market is sustainable
- what makes an NFT drop pop and why profile pics (PFPs) matter
- how Polygon NFTs compare to Ethereum NFTs
- the main driving force behind DeFi usage
- how Richard measures the total amount of DeFi users
- what brings new users into DeFi
- what DEX trends Fredrik is keeping his eye on
- why structured products are crucial to DeFi’s continued success
- how Ethereum is doing since the London hard fork
- why NFT drops are like 2017 ICOs
- what metric shows ETH adoption outpacing BTC adoption among institutions
- which layer 2 solutions are Fredrik and Richard excited about
- why Richard considers Binance Smart Chain a centralized blockchain
- why Fredrik likes what Solana is building
- Richard and Fredrik’s predictions for the NFTs, DeFi, and ETH going forward
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2
Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero
Polymarket: https://polymarket.com/
Episode Links
Richard Chen
- Twitter: https://twitter.com/richardchen39
- 1confirmation: https://www.1confirmation.com/
- Dune Analytics dashboards: https://dune.xyz/rchen8
Fredrik Haga
- Twitter: https://twitter.com/hagaetc
- Dune Analytics: https://dune.xyz/home
- Dune Analytics dashboards: https://dune.xyz/hagaetc
On-chain dashboards
- Stablecoins: https://dune.xyz/hagaetc/stablecoins
- Lending: https://dune.xyz/hagaetc/lending
- DEXs: https://dune.xyz/hagaetc/dex-metrics
- ETH 2.0 deposits: https://dune.xyz/hagaetc/eth2-0-deposits
- OpenSea: https://dune.xyz/rchen8/opensea
- DeFi users: https://dune.xyz/rchen8/defi-users-over-time
- NFT prices: https://dune.xyz/rchen8/NFT-prices
- SuperRare: https://dune.xyz/rchen8/superrare_4
- Nexus Mutual: https://dune.xyz/eliasimos/Nexus-Mutual-Financials
- ETH fees burned: https://dune.xyz/rchen8/ETH-fees-burned-in-1confirmation-portfolio
- Base Fees: https://dune.xyz/msilb7/EIP1559-Base-Fee-x-Tip-by-Block
Unchained episodes mentioned
- Ultra Sound Money: https://unchainedpodcast.com/is-eth-on-its-way-to-becoming-ultra-sound-money-yes-says-justin-drake/
- EIP 1559: https://unchainedpodcast.com/ethereums-eip-1559-will-solve-some-problems-but-big-ones-will-remain/
- OpenSea: https://unchainedpodcast.com/how-nft-platform-opensea-plans-to-maintain-its-competitive-advantage-ep-232/
Miscellaneous
- Zed Run: https://zed.run/
- Axie Infinity: https://axieinfinity.com/
- Qiao Wang tweet: https://twitter.com/QwQiao/status/1425773846418821125
- Ethereum burning: https://ultrasound.money/
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1 hr 10 min - Unconfirmed: Why Did the Poly Network Attacker Return Half the Money They Stole? - Ep.263
Poly Network, a cross-chain DeFi protocol, recently suffered a $600M hack -- the largest DeFi exploit in crypto history. Mudit Gupta, security researcher and SushiSwap dev, breaks down the attack, explaining how it occurred, why the hacker is returning the funds, and what Poly Network should do next. Show highlights:
- how Poly Network works
- what specific mechanism the hacker attacked on Poly Network
- why many people (including myself) had never heard of Poly Network before the hack
- how “keepers” failed to protect Poly Network
- why a failed transaction was the key to pulling off the hack
- what SlowMist claims to have discovered about the hacker
- what could be motivating the hacker to return the stolen funds
- how the hacker is communicating with Poly Network
- why Tether was able to freeze funds while USDC and BSC allowed the hacker to get away with their tokens
- how Poly Network should handle negotiations with the hacker
Thank you to our sponsors!
Sorare: https://sorare.com
Polymarket: https://polymarket.co/unconfirmed
Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021
Episode Links
Mudit Gupta
- Twitter: https://twitter.com/Mudit__Gupta
- Blog: https://mudit.blog/
- SushiSwap: https://twitter.com/SushiSwap
Poly Network hack
- Poly Network response: https://twitter.com/PolyNetwork2/status/1425870262067548163
- Mudit’s analysis: https://mudit.blog/poly-network-largest-crypto-hack/
- Kelvin Fichter thread: https://twitter.com/kelvinfichter/status/1425217046636371969
- Hacker Q&A: https://twitter.com/tomrobin/status/1425487745166753794
- Tether blacklist: https://twitter.com/paoloardoino/status/1425090760609832978
- ETH tip: https://twitter.com/HsakaTrades/status/1425093301691195407
- The Block’s coverage: https://www.theblockcrypto.com/post/114189/poly-hack-attacker-return-funds-id-slowmist
Returning funds: https://www.coindesk.com/poly-network-hacker-starts-to-return-funds
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39 min - Is ETH on Its Way to Becoming Ultra-Sound Money? Yes, Says Justin Drake - Ep.262
Ethereum just went through its most complex upgrade ever. Justin Drake, researcher at the Ethereum Foundation, discusses what the upgrade, aka the London hard fork, means for ether’s future as what he calls "ultra-sound money." At the end of the episode, he also drops a few Bitcoin hot takes. Show highlights:
- his background and how he got involved in crypto
- how EIP 1559 will affect Ethereum now that it is live
- why burning ether is good for the Ethereum economy
- what two concepts are crucial to understanding money
- what three ways ether is used as money
- why he believes ether will become “ultra sound money,” when gold and silver are just “sound money”
- what the main drivers of ETH’s value are
- how the merge from proof-of-work to proof-of-stake will happen for Ethereum
- how much more efficient Justin calculates proof-of-stake will be compared to proof-of-work
- why people are saying Ethereum is going through a “triple halvening”
- what factors influence how much Ethereum is issued and burned
- how Ethereum could become deflationary
- why net sell pressure is about to decrease
- what projects are burning the most ETH now that EIP 1559 is live
- why Justin is worried about Bitcoin’s future
- what Bitcoin could do to survive once it only subsists on transaction fees
- whether Justin considers himself a bitcoiner
- how ETH as ultra-sound money is becoming a meme
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2
Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero
Episode Links
Justin Drake
Twitter: https://twitter.com/drakefjustin
Written content
- June 23 Ethereum Foundation ETH 2.0 Research AMA (command F for Justin Drake responses)
- https://www.reddit.com/r/ethereum/comments/o4unlp/ama_we_are_the_efs_research_team_pt_6_23_june_2021/
- “If capped-supply gold is sound money decreasing-supply ether is ultra sound money”
- https://twitter.com/drakefjustin/status/1396796596281614339
Math
- Modeling ETH based on EVM fees
https://docs.google.com/spreadsheets/d/1U9cGxGY3_t7m4MEIpjKWtRcA2zRajywaxMCZYqbF9eI/edit#gid=0- Calculating ETH supply
- https://docs.google.com/spreadsheets/d/1ZN444__qkPWPjMJQ_t6FfqbhllkWNhHF-06ivRF73nQ/edit#gid=0
Podcast appearances
- Bankless “Modeling Ultra Sound Money” (April 28)
- https://shows.banklesshq.com/p/-sotn-44-modeling-ultra-sound-money
- Bankless “Ultra Sound Money” (Mar 23)
- https://twitter.com/drakefjustin/status/1374049775474114562
- Bankless “Bull Case for Cryptography” (Jan 25)
- https://shows.banklesshq.com/p/-moon-math-the-bull-case-for-cryptography
London/EIP 1559/Ethereum 2.0 Resources
Unchained content
- Episodes
- Ethereum’s EIP-1559 Will Solve Some Problems But Big Ones Will Remain
https://unchainedpodcast.com/ethereums-eip-1559-will-solve-some-problems-but-big-ones-will-remain/- Ethereum 2.0: What You Need to Know
- https://unchainedpodcast.com/ethereum-2-0-what-you-need-to-know/
- Why Ethereum 2.0 Could Fail and How It Could Be Fixed
https://unchainedpodcast.com/why-ethereum-2-0-could-fail-and-how-it-could-be-fixed/- Previous resources
- EIP 1559 links (Tim Beiko)
https://hackmd.io/@timbeiko/1559-resources- Messari Research
https://messari.io/pdf/messari-report-eth2-the-next-evolution-of-cryptoeconomy.pdf- Staked ETH address
- https://etherscan.io/address/0x00000000219ab540356cBB839Cbe05303d7705Fa#analytics
- DETH of Ethereum
- https://medium.com/ideo-colab/the-deth-of-ethereum-98553866e81b
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1 hr 10 min - Unconfirmed: How Congress Might Pass Laws Bad for Proof-of-Stake and DeFi - Ep.261
Kristin Smith, executive director at the Blockchain Association, discusses the latest news on a provision in the infrastructure bill that seeks to raise $28B from the crypto industry in taxes. Show highlights:
- how the original crypto provision within the infrastructure bill came to be
- why the expansion of the term “broker” is problematic in the original language of the bill
- what the Treasury and the White House have to do with this bill and how they, along with Senator Portman, are resisting change
- how Senators Ron Wyden, Pat Toomey, and Cynthia Lummis are attempting to change the language of the provision through an amendment
- how the crypto community rallied around Wyden's amendment
- why Kristin believes a rival amendment put forward by Senators Warner and Portman and supported by the White House late Thursday is worse than the bill’s original language
- when the Senate will be voting on the amendments
- how the amendment the White House supports seems harmful to proof-of-stake networks and bad for DeFi
- whether this is part of a master plan to regulate crypto in the US
- what Kristin hopes happens during the vote
- how the crypto community can have its voice heard
- how to fix the issues within the crypto policy world so this doesn’t happen again
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021
Episode Links
Kristin Smith: https://twitter.com/KMSmithDC
Blockchain Association: https://theblockchainassociation.org/
Infrastructure Bill Information
Latest Coverage:
- https://decrypt.co/77838/rival-amendment-senate-infrastructure-bill-threatens-proof-stake
- https://decrypt.co/77859/crypto-industry-mobilizes-to-stop-controversial-tax-plan
- https://decrypt.co/77841/biden-crypto-infrastructure-bill-amendments
https://www.eff.org/deeplinks/2021/08/16-civil-society-organizations-call-congress-fix-cryptocurrency-provision- https://decrypt.co/77681/senators-move-exempt-bitcoin-miners-tax-provision-infrastructure-bill
- https://www.forbes.com/sites/jonathanponciano/2021/08/04/senators-propose-change-to-new-crypto-rules-for-tax-reporting-heres-whos-affected/
- https://twitter.com/BlockchainAssn/status/1422976741715361792
- https://twitter.com/jerrybrito/status/1422002228102107142
- https://www.theblockcrypto.com/linked/113196/wyden-crypto-language-in-infrastructure-bill-fails-to-understand-how-the-technology-works
- https://www.coindesk.com/new-infrastructure-bill-looks-to-raise-30b-through-crypto-taxes
- https://twitter.com/jchervinsky/status/1421150344051048451
- https://twitter.com/NeerajKA/status/1421242689148932105
- https://www.cnn.com/2021/08/01/politics/bipartisan-infrastructure-bill-collins-manchin-senate-cnntv/index.html
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40 min - Can a DeFi Smart Contract Be Regulated? Two CFTC Commissioners Discuss - Ep.260
CFTC Commissioners Dan Berkovitz and Brian Quintenz discuss the difficulties of regulating crypto derivatives and DeFi. Show highlights:
- their backgrounds
- what the CFTC’s duties are regarding crypto
- how the CFTC’s jurisdiction has evolved over the years
- why Commissioner Quintenz believes SEC Commissioner Hester Peirce’s safe harbor proposal is “brilliant”
- what relationship the CFTC and SEC have when making decisions on crypto assets
- why the commissioners believe CFTC’s complaints regarding BitMEX are “well-founded”
- why formal regulation for crypto derivatives is unlikely to be produced by the CFTC
- why leveraged derivatives products are a “concern” to the CFTC
- what makes regulating DeFi platforms so difficult
- when it comes to DeFi, who is a natural entity for the CFTC to regulate, if any
- whether the CFTC would ever go after DeFi "market participants," who the CFTC also regulates
- why smart contracts involving futures could be illegal
- how the possibility that smart contracts could be illegal squares with the view that software development is a form of free speech
- whether the CFTC could prosecute developers who write smart contracts
- whether the CFTC needs to re-write its laws in light of DeFi innovation
- why Commissioner Berkovitz thinks the DeFi “winners” will be protocols that focus on meeting regulatory requirements
- why the CFTC approved Bitcoin futures in 2017 while the SEC has not yet approved a Bitcoin ETF
- how a Bitcoin ETF could solve Bitcoin’s accounting issue, which currently gives companies no upside for adding BTC to its balance sheet
Thank you to our sponsors!
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Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero
Conjure: https://conjure.finance
Episode Links
People
Dan Berkovitz, CFTC Commissioner (Sep 2018+)
- CFTC website: https://www.cftc.gov/About/Commissioners/CommissionerDanMBerkovitz/index.htm
- Twitter: https://twitter.com/CFTCberkovitz
Brian Quintenz, CFTC Commissioner (Aug 2017+)
- CFTC website: https://www.cftc.gov/About/Commissioners/BrianQuintenz/index.htm
- Twitter: https://twitter.com/CFTCquintenz
Related Links
- CFTC digital asset resources: https://www.cftc.gov/digitalassets/index.htm
- Commissioner Berkovitz DeFi speech: https://www.theblockcrypto.com/linked/107769/cftc-commissioner-criticizes-defi-decries-lack-of-intermediaries
- Commissioner Quintenz smart contracts/blockchain speech: https://www.cftc.gov/PressRoom/SpeechesTestimony/opaquintenz16
- CFTC jurisdiction over digital assets: https://www.cftc.gov/PressRoom/SpeechesTestimony/giancarlostatement010418
- CFTC BitMEX complaint: https://www.cftc.gov/PressRoom/PressReleases/8270-20
- FTX and Binance remove high leverage: https://decrypt.co/76858/ftx-and-binance-remove-high-leverage-from-exchanges
- SEC Commissioner Hester Peirce’s safe harbor proposal: https://www.sec.gov/news/public-statement/peirce-statement-token-safe-harbor-proposal-2.0
Bitcoin futures approval from CFTC in 2017: https://www.businessinsider.com/bitcoin-price-futures-trading-exchanges-cftc-2017-12
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1 hr 14 min
About Unchained
From the publisher's feed
Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura…
Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world.