Unchained

Unchained

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Unchained episodes

  • Unconfirmed: Why This Environmentalist Doesn’t Blame Creators for the Carbon Footprint of NFTs - Ep.219

    Brendan McGill, co-founder of Offsetra and Carbon.fyi, a company focused on reducing carbon emissions, talks about the environmental impact of NFTs. In this episode, Brendan discusses:

    • his career as an environmentalist and how his sites intersect with crypto (1:07)
    • why online art platform ArtStation canceled its plans to create an NFT program (3:21)
    • what the environmental impact of NFTs actually is and why minting and transacting with NFTs has a greater environmental impact than for normal Ethereum transactions (5:21)
    • misconceptions surrounding the environmental impact of NFT minting and why he believes artists should not be blamed for the carbon footprint calculated by Offsetra (6:57)
    • what accounts for the emissions in NFT transactions and why it’s hard to calculate the exact environmental impact of any specific NFT, and why minting NFTs doesn’t necessarily increase emissions (7:32) 
    • why NFTs aren’t really responsible for the bulk of emissions from Ethereum and why Brendan thinks the backlash against NFT creators for the environmental impact is unfair (12:02)
    • how Offsetra and Carbon.fyi attempt to calculate the amount of ‘clean’ energy vs. fossil fuels used in PoW mining and what assumptions they use (13:59)
    • the methods (and blockchains) artists are using to create “clean NFTs” (16:17)
    • Crypto New Recap (16:17)

     

    Thank you to our sponsor! 

    Download the Crypto.com app and get $25 with the code “Laura”: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021

     

    Episode links:

    Brendan McGill: https://www.linkedin.com/in/brendanmc6/

     

    Offsetra: 

    • website: https://offsetra.com/
  • Ethereum CO2 footprint calculator: https://carbon.fyi/
  • carbon.fyi methodology: https://carbon.fyi/learn 

     

    Reading Material:

    • guide to ecofriendly NFTs
      • https://github.com/memo/eco-nft
    • fixing NFTs’ carbon pollution problem
      • https://earther.gizmodo.com/how-to-fix-crypto-art-nfts-carbon-pollution-problem-1846440312

    Other:

    • statement from ArtStation
      • https://magazine.artstation.com/2021/03/a-statement-from-artstation/
    • CryptoArt.wtf
      • http://cryptoart.wtf/

     

    Link to the Crypto News Recap:

    https://unchainedpodcast.com/a-69-million-nft/

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    40 min
  • Can dYdX Become a Decentralized BitMEX? How It Is Scaling With StarkWare - Ep.218

    Antonio Juliano, founder of the decentralized exchange dYdX, and Eli Ben-Sasson, cofounder of StarkWare, discuss the recent launch of dYdX on Ethereum layer 2 using StarkWare’s scaling technology. In this episode, they cover:

    • what cross-margin perpetual trading is and why dYdX chose StarkWare to be its scaling partner (1:13)
    • ZK rollups and how they contrast with optimistic rollups (8:49)
    • how many transactions per second StarkWare can handle through its layer 2 solution (16:57)
    • lessons learned and critical takeaways from their six months spent working together (20:15)
    • the similarities between Ethereum and StarkNet (26:07)
    • why Antonio believes that scalability is more important than composability (27:30)
    • the benefits of decentralized exchanges and how dYdX fits into the dex marketplace (31:54)
    • why dYdX chose Chainlink as its oracle provider, and how it got oracle prices onto layer 2, which previously had none (38:11)
    • why Cairo, StarkWare’s Turing-complete programming language and platform, can be the “one verifier to rule them all” (42:10)
    • what it was like for StarkWare to compete in the Great Reddit Scaling Bake-Off (45:41)
    • whether or not DeFi could handle a GameStop/Robinhood situation (48:56)
    • fair launch tokens versus VC tokens (54:12)
    • the likelihood of dYdX and StarkWare each creating a token (58:19)
    • upcoming developments and projects for both companies (1:02:14)
    •  

      Thank you to our sponsors! 

      Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021 

      Download the Crypto.com app here: https://crypto.onelink.me/J9Lg/laurashinpodcasttesla

       

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      Episode Links:

      Antonio Juliano

      • Twitter: https://twitter.com/AntonioMJuliano 

      Eli Ben-Sasson

      • Twitter: https://twitter.com/EliBenSasson 

      dYdX

      • Twitter: https://twitter.com/dydxprotocol
      • Website: https://dydx.exchange/ 
      • Exchange: https://alpha.dydx.exchange/trade/BTC-USD 
      • Reading Material
      • Recent funding: https://www.coindesk.com/big-guns-back-10m-investment-in-defis-dydx 
      • 2020 in review: https://dydx.exchange/2020.pdf 
      • Decrypt profile: https://decrypt.co/resources/dydx-ethereum-margin-trading-platform-explained-learn 
      • Medium post: https://medium.com/dydxderivatives/introducing-dydx-2d0f0f326fd
      • StarkWare

        • Twitter: https://twitter.com/StarkWareLtd 
        • Website: https://starkware.co/ 
        • Reading Material:
        • ZK roll-up explainer: https://medium.com/starkware/on-the-road-to-starknet-a-permissionless-stark-powered-l2-zk-rollup-83be53640880 
        • Understanding Cairo: https://medium.com/starkware/hello-cairo-3cb43b13b209 
        • Funding: https://www.coindesk.com/paradigm-leads-30-million-funding-for-crypto-privacy-startup-starkware
        • dYdX and StarkWare Relationship

          • Original Twitter announcement (2020): 
          • https://twitter.com/dydxprotocol/status/1295791012552597507?s=20 
          • The Block’s original coverage: 
          • https://www.theblockcrypto.com/linked/75209/dex-dydx-starkware-layer-2 
          • Layer 2 is live announcement: 
          • https://twitter.com/dydxprotocol/status/1364591430447091719 
          • Blog post on why dYdX is moving to Layer 2 (2021):
          •  https://dydx.exchange/blog/alpha 
          • CoinDesk’s coverage: 
          • https://www.coindesk.com/defi-tech-cefi-speed-dydx-touts-new-starkware-integration 

             

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            1 hr 11 min
          • Unconfirmed: Is Coinbase Stock a Good Buy? This Analyst Says Yes - Ep.217

            Gil Luria, director of research at D.A. Davidson, talks about the upcoming Coinbase direct listing and his recent research note, “Introducing Crypto’s Amazon Moment.” In this episode, Gil discusses:

            • his crypto background, including his experience as the first Wall Street analyst to cover Bitcoin back in 2013 (1:27)
            • why the Coinbase IPO is going to be an inflection point for the crypto industry (3:02)
            • why he gave Coinbase's upcoming stock a “buy” rating (4:14)
            • who Coinbase's biggest competitors are (5:13)
            • why Gil believes Coinbase is the “gold standard” in crypto (6:29)
            • how investing in Coinbase stock compares to investing in actual crypto assets (8:13)
            • how he came to $195 price target for COIN (10:39)
            • why a $2 billion revenue estimate for Coinbase in 2021 might be conservative (12:01)
            • how Coinbase is generating money outside of transaction fees (14:19)
            • whether he expects the institutional adoption trend to grow (15:49)
            • what his expectations are for the price of COIN on the day it opens (17:20)
            • why GBTC is no longer trading at a premium to the spot price of bitcoin (18:20)
            • whether Gil will continue to cover crypto (20:05)
            • crypto News Recap (20:53) 

             

            Thank you to our sponsor!

            Crypto.com: https://bit.ly/3jzkTAD 

            Download the Crypto.com app here: https://crypto.onelink.me/J9Lg/laurashinpodcasttesla

             

            Episode links:

            Gil Luria’s Twitter profile: https://twitter.com/gilluria 

             

            Crypto’s Amazon Moment: https://markets.businessinsider.com/currencies/news/coinbase-direct-listing-public-coverage-stock-price-amazon-cryptocurrency-dadavidson-2021-3-1030150896 

             

            Introducing Crypto’s Amazon Moment: https://unchainedpodcast.com/wp-content/uploads/2021/03/DA-Davidson-Coinbase-Initiation-20210302.pdf

             

            Coinbase S-1 Filing: https://www.sec.gov/Archives/edgar/data/1679788/000162828021003168/coinbaseglobalincs-1.htm 

             

            2013 Quote from Gil on Bitcoin: https://www.streetinsider.com/Analyst+Comments/Bitcoin+Could+Be+Worth+10-100x+Current+Price+-+Analyst/8936836.html 

             

            Link to the Crypto News Recap:

            https://unchainedpodcast.com/the-irs-clarifies-its-position-on-crypto-purchases/

             

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            35 min
          • Caitlin Long: Why Avanti Will Be a New Kind of Crypto Bank - Ep.216

            Caitlin Long, founder and CEO of Avanti Financial Group, talks about the issues plaguing the current state of technology in traditional finance and how her background as a 22-year Wall Street veteran, gubernatorial appointee to the Wyoming Blockchain Task Force, and crypto pioneer is helping her shape Avanti into a bridge between conventional banking and crypto. Tune in to hear Caitlin discuss:

            • the current state of crypto adoption on Wall Street (1:09)
            • how her entrepreneurial spirit galvanized a career spanning Wall Street, the Wyoming Legislature, and, now, crypto banking (2:07)
            • why Caitlin fell in love with Bitcoin (4:57)
            • fractional reserves and why the current financial system is a “violation of property rights” (7:00)
            • how stablecoin technology will change banking leverage and what effects faster settlement times will have on inflation (11:30)
            • why corporate treasurers have been using BTC since 2014 in foreign exchange transactions (17:14)
            • what issues Wyoming is trying to solve through crypto legislation and why banks might be closing down customer accounts linked to crypto exchanges (19:18)
            • a proposed Wyoming bill that would prohibit judges from disclosing private cryptographic keys (28:32)
            • where the idea for Avanti came from and how it will be different than other banks (32:50)
            • existing problems with stablecoin regulation and a deep-dive into GAAP accounting for crypto (46:51)
            • why Wall Street’s accounting system is to blame for the GameStop and Robinhood situation (52:32)
            • whether or not a blockchain could work for settling securities (52:32)
            • her thoughts on pension funds and endowments directly owning crypto (59:54)
            • what it is going to take for Avanti to successfully bridge the gap between traditional finance and crypto (1:02:38)

             

            Thank you to our sponsors! 

            Crypto.com: https://bit.ly/3jzkTAD

            Download the Crypto.com app here: https://crypto.onelink.me/J9Lg/laurashinpodcasttesla

             

            Square: http://square.com/go/unchained

             

            Episode links: 

            Caitlin Long

            Twitter: https://twitter.com/CaitlinLong_ 

            Personal website: https://caitlin-long.com/ 

            CoinDesk profile: https://www.coindesk.com/most-influential/2019/caitlin-long 

             

            Avanti

            Website:  https://avantibank.com/ 

            Twitter announcement: https://twitter.com/CaitlinLong_/status/1231958552790482950 

            Avit: https://www.coindesk.com/unpacking-the-avit-avanti-banks-new-digital-asset-being-built-with-blockstream 

            Banking charter: https://www.forbes.com/sites/michaeldelcastillo/2020/10/28/avanti-unanimously-wins-bitcoin-banking-charter/?sh=50db610816aa 

            Wyoming and blockchain: https://www.coindesk.com/haven-blockchain-case-wyoming

            GAAP accounting and crypto: https://twitter.com/CaitlinLong_/status/1356759511856410624 

            Trust charter vs. SPDI: https://twitter.com/CaitlinLong_/status/1349850451374587907 

            Special purpose depository institutions: https://twitter.com/CaitlinLong_/status/1194022779730968577 

            Bailment: https://www.forbes.com/sites/andreatinianow/2019/03/07/a-split-emerges-in-blockchain-law-wyomings-approach-versus-the-supplemental-act/?sh=49635109719a 

            Caitlin on GameStop:

            https://www.coindesk.com/first-mover-crypto-gamestop-bitcoin-dogecoin 

             

            Previous Episodes

             

            On How 'Utility Tokens' Are Now Legal in Wyoming, 2018

            Why the ICE/BAKKT News Makes Some Crypto Investors Nervous, 2018

            How Avanti Will Be a 'Not Your Keys, Not Your Coins' Bank, Feb 2020

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            1 hr 7 min
          • Unconfirmed: Coinbase's S-1: The Number That May Make the Exchange Nervous - Ep.215

            Jeff Roberts, executive editor at Decrypt and author of “King of Crypto: One Startup’s Quest to take Cryptocurrency Out of Silicon Valley and Onto Wall Street” talks about Coinbase going public. In this episode we discuss:

            • Jeff's biggest takeaways from Coinbase’s S-1 filing (0:56)
            • why institutions are choosing Coinbase (2:42)
            • how Coinbase going public feels like validation for bitcoiners (4:37)
            • issues Coinbase may face as a business that currently generates 96% of revenue through transaction fees (6:25)
            • Why Surojit Chatterjee has so much equity in Coinbase (11:29)
            • why Coinbase has only invested $130 million in crypto through its corporate treasury (12:26)
            • whether or not decentralized exchanges like Uniswap pose a threat to Coinbase, and whether unregulated centralized exchanges might squeeze them from the other end (15:41)
            • challenges Coinbase will face going forward (19:13)
            • how well the stock will do once it's listed (20:05)
            • Crypto News Recap (20:59) 

             

            Thank you to our sponsor!

            Crypto.com: https://bit.ly/3jzkTAD 

            Download the Crypto.com app here: https://crypto.onelink.me/J9Lg/laurashinpodcasttesla

             

            Episode Links

            Jeff Roberts

            Twitter: https://twitter.com/jeffjohnroberts

            Personal Website: https://jeffjohnroberts.com/ 

            Decrypt: https://decrypt.co

            Kings of Crypto: https://store.hbr.org/product/kings-of-crypto-one-startup-s-quest-to-take-cryptocurrency-out-of-silicon-valley-and-onto-wall-street/10436

             

            Coinbase S-1 Filing Information

            S-1 Form: https://www.sec.gov/Archives/edgar/data/1679788/000162828021003168/coinbaseglobalincs-1.htm

            Coinbase Profit: https://decrypt.co/59347/coinbase-big-profit-for-2020-ahead-of-milestone-ipo-direct-listing

            S-1 Deep Dive: https://www.theblockcrypto.com/post/95921/coinbases-s-1-public-filing-is-now-public-setting-stage-for-a-direct-listing-on-nasdaq

            Sending to Satoshi Nakamoto: https://decrypt.co/59509/coinbase-s-1-filing-bitcoin-satoshi-nakamoto + https://twitter.com/laurashin/status/1364954956571279369 

            Share Distribution: https://decrypt.co/59439/coinbase-insiders-very-rich-goes-public

            Pre-IPO Shares: https://www.theblockcrypto.com/linked/96057/coinbase-pre-ipo-shares-ftx-s1 

            Armstrong Income: https://www.coindesk.com/coinbase-sec-form-s-1 

            Balance Sheet: https://www.theblockcrypto.com/post/96021/coinbase-says-holds-bitcoin-btc-on-balance-sheet 

            Transaction Revenue: https://twitter.com/lawmaster/status/1364972834167148548

             

            Link to the Crypto News Recap:

            https://unchainedpodcast.com/the-one-figure-in-the-coinbase-s-1/

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            36 min
          • Paxos's Charles Cascarilla - How Blockchain Tech Could Prevent Another GameStop/Robinhood - Ep.214

            In this episode of Unchained, Charles Cascarilla, CEO and cofounder of Paxos, explains how the 2008 financial crisis led him to crypto, what financial plumbing has to do with GameStop, and how Paxos is leveraging blockchain technology to change financial services. In this episode Charles discusses:

            • his work experience prior to Paxos and how the financial crisis in 2008 opened his eyes to Bitcoin and blockchain (01:07)
            • what it was like to work in Bitcoin during the early days compared to now (4:02a)
            • why Paxos decided to focus on building solutions for institutions rather than targeting the retail market like Coinbase (11:38)
            • the relationship between Paxos and PayPal + why PayPal customers can’t send crypto directly to their wallets or crypto addresses yet (19:37)
            • how Microstrategy and Tesla are bringing Bitcoin mainstream (25:31)
            • what really happened with GameStop and Robinhood and why financial plumbing matters (30:34)
            • how the Paxos Settlement Service is bringing greater transparency to financial markets by using blockchain technology (39:02)
            • what other assets he thinks will be tokenized (50:32)
            • stablecoin regulation and why this might be as good as it gets for Tether (58:36)
            • why Paxos chose to pursue a New York State trust company charter instead of a BitLicense (1:06:15)
            • what changes he would make to crypto regulation for 2021 and beyond (1:09:28)
            • what’s next for Paxos (1:15:12)

             

            Thank you to our sponsors! 

            Crypto.com: https://bit.ly/3jzkTAD

            Download the Crypto.com app here: https://crypto.onelink.me/J9Lg/laurashinpodcasttesla

            Square: https://square.com/go/unchained

             

            Episode links: 

            Charles Cascarilla

            Linkedin: https://www.linkedin.com/in/charlescascarilla/ 

            Coindesk Profile: https://www.coindesk.com/charles-cascarilla-most-influential-2020

            Previous interview with Laura: https://unchainedpodcast.com/chad-cascarilla-on-paxoss-partnership-with-paypal/

            Presentation at Microstrategy’s Bitcoin for Corporation’s conference: https://www.microstrategy.com/en/bitcoin/videos/paxos

            Blog post on the GameStop saga: https://www.paxos.com/what-lehman-brothers-gamestop-and-the-next-financial-crisis-have-in-common/

            Interview with Frank Chaparro: https://www.theblockcrypto.com/post/61823/the-scoop-paxos-cascarilla-coronavirus 

             

            Paxos

            Twitter: https://twitter.com/PaxosGlobal + https://twitter.com/PaxosStandard 

            Paxos Settlement Service: https://www.paxos.com/securities/ + https://www.reuters.com/article/us-crypto-currencies-paxos/paxos-to-launch-settlement-of-u-s-listed-equities-after-secs-no-action-letter-idUSKBN1X727M

            Series C Fundraising: https://www.theblockcrypto.com/post/88133/142-million-series-c-paxos-crypto-stablecoins 

            Wall Street Journal write-up: https://www.wsj.com/articles/blockchain-makes-inroads-into-the-stock-markets-1-trillion-plumbing-system-11573131600

            Plans to tokenize precious metals: https://www.theblockcrypto.com/linked/15413/paxos-plans-to-put-precious-metals-on-the-blockchain

             

            Other Links

            Paypal’s crypto-focused business unit: https://www.theblockcrypto.com/post/93668/paypal-crypto-business-unit-earnings-2021

            Paypal’s Q4 earnings: https://www.coindesk.com/paypal-2020-results-outstanding-finish-to-a-record-year 

            Stablecoin rankings: https://stablecoinstats.com/

            Tether whitepaper: https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf

            BitLicense: https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses/regulation_history

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            1 hr 19 min
          • Unconfirmed: Girl Gone Crypto: How These Wildly Entertaining Crypto Videos Get Made - Ep.213

            Lea Thompson, aka Girl Gone Crypto, talks about what goes into producing her popular “The Crypto Minute” vlog, what initially got her into crypto, and her recent decision to quit her day job and go full time crypto. In this episode we discuss:

            • what “The Crypto Minute” is all about, and all the crypto video content she produces (2:37)
            • how Lea comes up with creative content such as wearing a whale costume to portray Microstrategy CEO Michael Saylor (5:04)
            • how long it actually takes to create “The Crypto Minute” (6:36)
            • what goes into producing “The Crypto Minute” and which family member is behind the camera (7:05)
            • the biggest challenges Lea faces when creating her videos and how she decides which stories make the final cut (8:56)
            • Lea’s favorite bloopers including, but not limited to, rug pulls, sushi, an Amazon money printer, and a few fake $100 bills (10:28)
            • how Girl Gone Crypto fell down the crypto rabbit hole and why her ukulele skills were instrumental to her crypto journey (12:54)
            • the time when JK Rowling tweeted about Bitcoin, resulting in Lea’s viral “A Muggle’s Guide to Bitcoin” video (17:31)
            • what type of crypto content works best on different social media platforms such as Twitter, YouTube, and TikTok  (20:00)
            • when Girl Gone Crypto stopped being a hobby and how it is going now that Lea is full-time crypto (21:46)
            • how Lea is trying to educate people about crypto in a simple and approachable way… one ninja suit at time (22:34)
            • Crypto News Recap (26:12)

             

            Thank you to our sponsors!

            Crypto.com: https://bit.ly/3jzkTAD

            Download the Crypto.com app here: https://crypto.onelink.me/J9Lg/laurashinpodcasttesla

            The Sun Exchange: http://thesunexchange.com/unconfirmed

             

            Episode links:

            Lea Thompson: https://twitter.com/girlgone_crypto

            Her YouTube: https://www.youtube.com/c/GirlGoneCrypto

            Her TikTok: https://www.tiktok.com/@girlgone_crypto?source=h5_m

            Lea's personal website: https://www.lealovescrypto.com/

             

            Video Examples

            2020 Year in Review… News Vlog Style: https://twitter.com/girlgone_crypto/status/1344384717466914817?s=20 

            A Muggle’s Guide to Bitcoin: https://twitter.com/girlgone_crypto/status/1261445010832015361?s=20

            Hardware Wallets Explained: https://twitter.com/girlgone_crypto/status/1329580439820849153?s=20

             

            Miscellaneous Information

            Fair Use: https://www.copyright.gov/fair-use/more-info.html

            Money Printer: https://www.amazon.com/Printing-Machine-Magician-Close-Up-Accessories/dp/B07XRBDCL8

             

            Link to the Crypto News Recap:

            https://unchainedpodcast.com/a-300k-btc-by-eoy/

             

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            41 min
          • Stani Kulechov on Why Aave Is So Successful - Ep.212

            Stani Kulechov, founder and CEO of Aave, comes onto the show to discuss the lending protocol and second-biggest DeFi project by total value locked. Here are some of the highlights: 

            • How Stani’s background studying law and his passion for fintech led him to the world of smart contracts (1:53)
            • Why he decided to transition ETHLend to Aave, and how that eliminated the “meme” narrative (5:55)
            • How Stani would explain Aave to a five-year-old, or your normie friend (9:04)
            • What new features were released in Aave v2 (15:54)
              • reducing overall gas costs
              • aTokens
              • swapping collateral
              • debt tokens
            • What Aavenomics is and how the “safety module” attempts to keep the protocol secure (20:39)
              • How AAVE works as a governance token
              • Active versus passive risk in governance staking
            • How Aave is transitioning from a centralized to a decentralized protocol (25:01)
              • what he's finding difficult about this process
              • issues with voting and an over-reliance on the Aave team
              • delegating voting power to what he calls “protocol politicians” and whether this is good or bad for DeFi
            • Who is using Aave and how they are using it? (37:27)
              • what OpenLaw is and how OpenLaw contracts work
              • how credit delegation, or unsecured loans enforced by law, differ in v2 vs V1
              • how people could use lending protocols to build credit
            • What Aave plans to do with the E-Money (EMI) license it obtained in the UK (50:51)
            • Since Aave was a pioneer in flash loans, which are responsible for the majority of DeFi attacks, whether Stani would do anything differently (53:12)
            • Aave’s partnership with tokenized real estate project RealT and how Aave manages it given that, in the US, RealT tokens are securities and can only be sold to accredited investors (58:42)
            • How Aave has been thinking about scaling given the high fees on Ethereum (1:03:57)
            • Why building a moat in DeFi is impossible (1:07:16)
            • What is next for Aave (1:11:40)

             

            Thank you to our sponsors! 

            Crypto.com: https://crypto.com/

             

            Episode links: 

            Stani Kulechov: https://twitter.com/StaniKulechov

            Aave: https://aave.com

            Aave stats: https://aavewatch.com

             

            Protocols mentioned

            • ETHLend: https://www.prnewswire.com/news-releases/ethlend-announces-launch-of-new-parent-company-aave-300713825.html
          • Aavegotchi: https://www.coindesk.com/defi-game-aavegotchi-preps-for-jan-4-mainnet-launch-with-nft-auctions
          • RealT: https://medium.com/aave/realt-market-coming-to-the-aave-protocol-da4499a1e965
          • Yearn: https://yearn.finance/
          • Uniswap: https://uniswap.org/
          • Sushiswap: https://sushiswap.fi/
          • Kyber: http://kyber.network/
          • Balancer: https://balancer.finance/
          • $LINK: https://chain.link/
          • Aavenomics

            • Aave’s documentation: https://docs.aave.com/aavenomics/
          • Safety Module: https://docs.aave.com/aavenomics/safety-module
          • Summary: https://aave.com/aavenomics/
          • More background: https://defirate.com/aavenomics-upgrade/
          • Decentralization concepts

            • Handing off admin keys: https://decrypt.co/46544/aave-officially-hands-over-governance-keys-to-defi-community + https://medium.com/aave/aave-admin-key-handover-3e09e603d348
          • OpenLaw: https://www.openlaw.io/
          • Protocol Governance: https://www.theblockcrypto.com/linked/73336/defi-lending-aave-token + https://docs.aave.com/developers/protocol-governance/governance
          • Other topics

            • Electronic Money Licence: https://www.theblockcrypto.com/post/75845/aave-uk-fca-emi-license-defi
          • Unsecured Loans: https://www.theblockcrypto.com/post/70678/aave-launches-new-service-for-unsecured-peer-to-peer-loans-on-ethereum
          • Flash Loans: https://www.theblockcrypto.com/genesis/93740/flash-loans-as-a-capital-boost-tool
          • Aave Version 2: https://medium.com/aave/the-aave-protocol-v2-f06f299cee04 + https://github.com/aave/protocol-v2/blob/master/aave-v2-whitepaper.pdf

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            1 hr 17 min
          • Lyn Alden and Raoul Pal: Is Ethereum a Good Investment? - Ep.211

            Lyn Alden, CEO and founder of Lyn Alden Investment Strategies, and Raoul Pal, CEO & cofounder  of Real Vision Group & Global Macro Investor, explain their thinking about Ethereum and its native token, and talk about their perspective on GameStop. In this episode, we discuss:

            • why Raoul views ether as similar to bitcoin at a macro level (1:25)
            • why Lyn decided ETH was not currently investable (5:06)
            • an analysis of utility protocols (John Pfeffer’s paper) (6:55)
            • counterarguments to John Pfeffer’s paper (9:31)
            • how to allocate between BTC and ETH (11:22)
            • why Raoul also invested in other coins beyond BTC and ETH (11:47) 
            • whether Metcalfe's law applies equally to all kinds of networks (13:35)
            • why Lyn views Ethereum’s use case as circular, and why that makes it less investable (15:09)
            • whether Ethereum 2.0 and Ethereum Improvement Proposal 1559, and whether that could make ETH more investable (21:20)
            • the impact of fees on the value of Ethereum (23:36)
            • Raoul's views on what S-Curves and the Lindy Effect indicate about the development of a currency (25:22)
            • how high fees make DApps less attractive, while low fees potentially decrease demand for ETH (27:06)
            • how Lyn believes demand for DeFi is to circumvent compliance and know-your-customer processes, and she doesn't also see that as a downside for Bitcoin (33:10)
            • how the regulators are behind innovation in cryptocurrencies, particularly around taxation (36:32)
            • Raoul's and Lyn's predictions for the ETH price by end of 2021 (41:45)
            • what GameStop says about the democratization of financial information (45:32)
            • whether smart contracts could play in preventing situations similar to what happened with GameStop and/or Robinhood (49:03)
            • how blockchain technology could be used to prevent a situation in which the hedge funds could short more shares than existed (54:03)
            • how the GameStop/Robinhood saga is a giant advertisement for self-custody (54:53)
            • whether r/WallStreetBets' behavior was market manipulation or not (56:53)

             

            Thank you to our sponsor! 

            Crypto.com: http://crypto.com

             

            Episode links: 

            Lyn Alden: https://twitter.com/LynAldenContact

            Lyn Alden Investment: https://www.lynalden.com/

             

            Raoul Pal: https://twitter.com/RaoulGMI

            Real Vision: https://www.realvision.com/contributor/raoul-pal

            Global Macro Investor: https://www.globalmacroinvestor.com

             

            Raoul's tweet storm on Ethereum: https://twitter.com/RaoulGMI/status/1347013567799848961?s=20

            Lyn Alden’s research paper on Ethereum: https://www.lynalden.com/ethereum-analysis/

            Raoul Pal’s tweet: ETH equals BTC: https://twitter.com/raoulgmi/status/1347013567799848961?lang=en

            John Pfeffer’s paper: https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor's+Take+on+Cryptoassets+v6.pdf

            Network effects and Metcalfe’s Law: https://saylordotorg.github.io/text_developing-new-products-and-services/s04-12-there-is-power-in-numbers-netw.html

            Quantity Theory of Money: https://saylordotorg.github.io/text_economics-theory-through-applications/s30-01-the-quantity-theory-of-money.html

            How Will the Government React to GameStop?: https://www.coindesk.com/gamestop-regulators-response

            GameStop and Crypto trading: https://cryptonews.com/exclusives/are-gamestop-style-surges-in-crypto-any-different-from-old-p-9151.htm

            Robinhood Raises Extra funds: https://www.theblockcrypto.com/linked/93258/report-robinhood-billions-raised-investors-1

            Possible role of blockchain in trading: https://cointelegraph.com/news/cardano-foundation-ceo-says-blockchain-could-prevent-gme-type-showdowns

            Caitlin Long: https://www.forbes.com/sites/caitlinlong/2019/05/16/naked-shorting-in-the-uber-ipo-it-couldnt-happen-on-a-blockchain/?sh=f2a0dcd4737d

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            1 hr 9 min
          • Everything You Need to Know About Your 2020 Crypto Taxes - Ep.210

            In this episode, Shehan Chandrasekara, head of strategy at CoinTracker, and Dan Hannum COO at Zen Ledger, take a deep dive into the world of crypto taxes. Over an hour and fifteen minutes they tackle a bevy of topics ranging from why the IRS is asking about your crypto history to explaining the proper way of reporting yield farming income. Shehan and Dan give up their hard-earned tax secrets and tips learned through building their respective cutting-edge crypto tax software. Here is a list of talking points covered in the discussion:

            • how the IRS is handling crypto this year (1:20)
            • where to start with reporting crypto and what constitutes a taxable event (5:59)
            • bitcoin corner cases:
              • mining, with a description of calculating cost basis (19:48) 
              • wages (27:01)
              • peer-to-peer transactions outside of exchanges (28:23)
            • defi and taxes:
              • yield farming — and how it's like Russian nesting dolls (31:45)
              • how the IRS taxes earned interest (36:32)
              • airdrops (40:15)
            • crypto transactions that are not taxable: purchases, withdrawals, and stablecoins (46:28)
            • navigating tax documents (51:24-58-10)
            • NFT’s and social tokens (57:14)
            • tax loss harvesting (1:03:09)
            • how having coins on platforms like Robinhood and Paypal can have an effect on your taxes (1:05:05)
            • proposed tax changes (1:06:50)
            • crypto tax software and tips for the upcoming year (1:10:29)

             

            Thank you to our sponsor! 

            Crypto.com: http://crypto.com

             

            Episode links: 

             

            Guests

            • Shehan Chandrasekara: https://twitter.com/TheCryptoCPA
          • Dan Hannum: https://twitter.com/DHannum8 
          •  

            Software

            • CoinTracker: cointracker.io
          • ZenLedger: zenledger.io
          •  

            Accounting

            • LIFO, HIFO, FIFO: https://www.forbes.com/sites/shehanchandrasekera/2020/09/17/what-crypto-taxpayers-need-to-know-about-fifo-lifo-hifo-specific-id/?sh=7077f8e936aa (written by Shehan)
            • 1040 Question: https://fortune.com/2020/09/28/the-irs-is-adding-a-cryptocurrency-question-to-form-1040-for-2020/
          • 1099 Misc: https://www.irs.gov/pub/irs-pdf/f1099msc.pdf
          • 1099 B: https://www.irs.gov/forms-pubs/about-form-1099-b
          •  

            Regulatory research:

            • 2014 IRS Tax Guidance: https://www.irs.gov/pub/irs-drop/n-14-21.pdf
          • IRS Virtual Currency page: https://www.irs.gov/businesses/small-businesses-self-employed/virtual-currencies
          • IRS gains and losses: https://www.irs.gov/pub/irs-pdf/p550.pdf
          • Equipment write-offs: https://www.section179.org/section_179_deduction/
          • IRS sues Coinbase: https://www.theverge.com/2017/11/29/16717416/us-coinbase-irs-records
          • How holding crypto at PayPal or Robinhood or any platform that does not allow you to transfer to an address off-platform could affect your taxes: https://www.forbes.com/sites/shehanchandrasekera/2021/01/28/exiting-robinhood-could-create-a-tax-nightmare-for-crypto-users/?sh=106b74a84ad6
          • De minimis exemption: https://www.investopedia.com/ask/answers/09/series63-050509.asp#:~:text='The%20De%20Minimis'%20exemption%20means,period%20with%20a%20physical%20address.
          • FinCEN intends to apply FBAR to cryptocurrency held offshore: https://www.coindesk.com/fincen-foreign-crypto-exchange-disclosure-rule
          •  

            Backstory:

            • Bitcoin Cash Fork: https://www.coindesk.com/bitcoin-cash-has-split-into-two-new-blockchains-again

             

            Yield farming and social tokens:

            • https://decrypt.co/resources/what-is-yield-farming-beginners-guide
            https://www.cointracker.io/blog/defi-yield-farming-crypto-tax-guide (written by Shehan)
          • Alex Masmej: https://www.coindesk.com/man-who-sells-himself-now-wants-buyers-to-control-his-life
          •  

            Crypto tax guides

            • BlockFi: https://blockfi.com/crypto-tax-laws
          • Coinbase: https://www.coinbase.com/learn/tips-and-tutorials/crypto-and-bitcoin-taxes-US
          • Nerd Wallet: https://www.nerdwallet.com/article/investing/bitcoin-taxes

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            1 hr 17 min

          About Unchained

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          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…