Unchained

Unchained

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Unchained episodes

  • Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto - Ep. 399

    Pat Toomey, U.S. Senator for Pennsylvania, talks about legislation in the crypto industry, how to determine if something is a security, the future of CBDCs, and much more. 


    Show highlights:
    • the structural differences between crypto tokens and securities
    • why Sen. Toomey is demanding crypto legislation
    • why “regulation by enforcement” does not provide clarity
    • how to determine if a token is decentralized
    • whether proof of stake consensus turns tokens into securities
    • Sen. Toomey’s take on the new framework for stablecoin regulation
    • whether it is appropriate to ban algorithmic stablecoins
    • the importance to make disclosures so that regular users understand the risks of crypto
    • how the collapse of Terra and other crypto companies like Voyager and Celsius affected lawmakers’ perception of crypto
    • whether the US Treasury made a mistake with the Tornado Cash sanctions
    • what the government should take into account in regards to a central bank digital currency (CBDC)
    • why he believes the White House reports on crypto are not helpful and whether entrepreneurial talent is migrating to other countries
    • the likelihood of any of the crypto bills passing soon


    • Thank you to our sponsors!


      1inch

      Crypto.com

      Messari

      Sen. Toomey

      Twitter 


      Previous Coverage of Unchained on regulation:

      • Congressman Ro Khanna: How to Get More Democrats into Web3
      • The Legal and Regulatory Fallout From Terra’s Collapse: Who Will Pay?
      • Why the Crypto Industry Believes SEC Regulation by Enforcement Hurts US Consumers


      • SEC Views

        Gary Gensler’s comments on PoS tokens

        Sen. Toomey’s opinion


        White House Reports


        Stablecoins

        • Stablecoin Draft Bill
        • Bloomberg article: Senator Pat Toomey Still Sees Chance of Stablecoin Legislation This Year
        • Sen. Toomey’s framework for payment stablecoins that he released last spring

        • Tornado Cash

          • Treasury Press release 
          • Previous coverage of the Tornado Cash Sanctions on Unchained:
          • Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No 
          • Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?
          • The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?
          • Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?
          • Preston Van Loon on Ethereum's Merge and His Lawsuit Against Treasury

          • Ian Balina charges

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            42 min
          • Is Bitcoin Doomed to Fail? Eric Wall and Justin Bons Face Off - Ep. 398

            In a heated debate, Eric Wall, crypto blogger and investor, and Justin Bons, founder and chief investment officer of Cyber Capital, discuss Bitcoin’s security model, whether there are fundamental flaws in its design, and which is the best consensus mechanism. 

             

            Show highlights:
            • why Justin stopped believing in Bitcoin and why he calls it “technically one of the worst cryptocurrencies”
            • how Eric’s views on Bitcoin changed over time 
            • the problems they see with Bitcoin’s security
            • why Eric attacks BTC maximalism, even when he is a Bitcoiner
            • how the Bitcoin community will change in the next decades, and why the security problem is a challenge that could be solved
            • whether BTC should increase its inflation and whether that would break the store of value proposition
            • why Justin thinks that BTC fails as money and won’t play a relevant role in the future
            • what happened around the time of the blocksize debate back in 2015-2017
            • whether there’s something wrong with Bitcoin’s culture and why Eric compares it to a doomsday cult
            • why Ethereum has external dependencies that can impose systemic risks, according to Eric
            • whether proof of stake or proof of work is a better consensus mechanism
            • whether Ethereum is more censorship resistant than Bitcoin
            • why BTC is a speculative asset and what Justin believes is needed for crypto to finally flourish


            • Thank you to our sponsors!

              Crypto.com

              Ava Labs

              a16z



              Justin:

              • Twitter

              Eric:

              • Twitter
              • Medium
              •  

                Episode Links

                 

                Previous Coverage of Unchained:

                • Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH 
                • With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold?
                •  

                  Bitcoin’s Security, Blocksize and Culture

                  Surprisingly, Tail Emission Is Not Inflationary by Peter Todd

                  Justin’s thread that kicked off the debate

                  A (brief and incomplete) history of censorship in /r/Bitcoin

                  Theory On Bitcoin Governance; Three Stage Model by Justin Bons

                   

                  Centralization:

                  Ethereum Post-Merge Centralization

                  Lido’s validators

                  BTC Centralization

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                  1 hr 30 min
                • Did the Merge Make Ethereum 'the Most Secure Blockchain in the World'? - Ep. 397

                  Justin Drake, researcher at the Ethereum Foundation, talks about the Merge, how this transition affects Bitcoin, where Ethereum’s road map is going, and more. 

                   

                  Show highlights:

                  • how Justin was feeling prior to and during the Merge
                  • whether the upgrade is complete or there are other things to watch out for
                  • why Ethereum has slashing and why it is a better form of removing any attackers
                  • the concern about centralization due to liquid staking derivatives providers, like Lido or Coinbase
                  • how the Merge affects MEV and the long-term vision of proposer-builder separation
                  • whether the Merge puts pressure on BTC to also transition to proof of stake
                  • what impact ETH’s more deflationary nature will have on BTC’s narrative as digital gold
                  • why Ethereum is the settlement layer for the internet of value
                  • whether there is a winner take all dynamic in the blockchain industry
                  • why Ethereum is more secure than Bitcoin, according to Justin
                  • what Justin thinks about the ETHPoW fork and its team and the risks of interacting with the ETHPoW fork
                  • the next steps in Ethereum’s roadmap
                  •  

                     

                    Thank you to our sponsors!

                     

                    1inch

                    Crypto.com

                    Messari

                    Justin

                    Twitter 

                     

                    Previous Coverage of Unchained on the Merge:

                    • How Traders Are Thinking About the Merge -- and a Potential ETHPoW Chain
                    • Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH
                    • With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold?
                    • Why Kevin Zhou Believes Ethereum Will Have 3 Forks After the Merge
                    • Post-Merge, If Lido Becomes Dominant, What Does That Mean for Ethereum?
                    •  

                       

                      The Merge:

                      • Vitalik announcement of the Merge
                      • Ethereum carbon emission reductions
                      • A guide on the Merge by Dan Chen from Sequoia Capital

                         

                        ETH Post-Merge Dynamics:

                        • Ultra sound money
                        • ETH issuance and burn
                        • Cumberland on the Ethereum dynamics after the merge 
                        • Miles Suter on the implications of the Merge
                        • The triple point asset
                        •  

                          Post Merge MEV:

                          • PMCGoohan’s tweet
                          • Pintail on post-Merge MEV
                          •  

                            ETH Proof of Work

                            • Poloniex announces a different token
                            • ETHPoW team Mainnet announcement
                            •  

                              Ethereum’s roadmap:

                              • ETH Vision

                              Haym on Ethereum’s roadmap

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                              42 min
                            • The Chopping Block: ETHPoW Is 'a Terrible Way to Fork the Blockchain' - Ep. 396

                              Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Robert Leshner and Tarun Chitra chop it up about the latest news in the digital asset industry. In this episode, Emin Gün Sirer, the emperor of Avalanche, also joined the conversation

                              Show topics:
                              • Gün’s take on the Ava Labs conspiracy story and whether there was any truth in the videos
                              • The impact of the Merge on ETH issuance and energy usage
                              • What’s going on with the ETHPoW fork, and how the team has been messing up
                              • The TL;DR of the technical side of Ethereum scaling, explained by Tarun
                              • How, in the beginning, proof of stake was designed to resemble proof of work 
                              • What Ethereum miners are going to do after the Merge
                              • Whether increasing hash rates spike prices of PoW coins 
                              • How the Basic Attention Token is like the Stanford prison experiment
                              • Whether the fights between Gün and other founders were positive or negative
                              • How an exchange delisted every privacy coin
                              • Whether Coinbase's support of the lawsuit against the US Treasury over Tornado Cash was a PR move
                              • How this moment in history resembles the 90s and the rise of the internet
                              • Whether there are blockchain-haters and what the crypto industry can do better
                              • How there can’t be a single chain to meet every need
                              • How FTX and Coinbase have different approaches to regulation 
                              • How would everyone celebrate a successful Merge and whether there’s a chance of it failing

                              Hosts
                              Haseeb Qureshi, managing partner at Dragonfly Capital
                            • Tarun Chitra, managing partner at Robot Ventures
                            • Robert Leshner, founder of Compound 

                              Guest
                              Emin Gün Sirer, Founder and CEO of Ava Labs

                               

                              Episode Links

                               

                              Ava Labs Accusations:
                              • Emin Gün Sirer’s statement
                              CoinDesk article 
                            • Crypto Leaks article
                            •  

                              Tornado Cash
                              Treasury Press release 
                            • Coinbase supports lawsuit against US Treasury
                            • Huobi delisting privacy coins
                            • Previous coverage of the Tornado Cash Sanctions on Unchained:
                              Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No 
                            • Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?
                            • The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?
                            • Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?
                            • Preston Van Loon on Ethereum's Merge and His Lawsuit Against Treasury
                            •  

                              ETH Proof of Work and Miners:
                              • ChainID missing; the request from Coinbase

                               

                              • CoinDesk article
                              • The ETHPoW team said the fork will be deployed within 24 hours of the Merge
                              • ETHPoW team’s promise to abolish EIP-1559
                              • ETHPoW first blocks

                               

                              The Merge:
                              • Ethereum Foundation Merge announcement.
                              • Ethereum carbon emission reductions.

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                              58 min
                            • How Traders Are Thinking About the Merge -- and a Potential ETHPoW Chain - Ep. 395

                              Kevin Zhou, co-founder of Galois Capital, and Evgeny Gaevoy, founder and CEO of Wintermute, discuss how to trade the Ethereum Proof of Work fork, what the market is telling about the Merge, and whether the Merge affects Bitcoin. 

                               

                              Show highlights:
                              • what will happen at the time of the Merge according to Kevin and whether there’s uncertainty
                              • when the ETH Proof of Work chain will emerge and how that affects trading opportunities
                              • the mistakes of the ETHPoW team, like repealing EIP-1559
                              • what percentage of ETH market cap ETHPoW will accrue
                              • what the first few blocks of ETHPoW will be like
                              • what the strategies are to earn the ETHPoW airdrop and what the on-chain activity looks like
                              • whether there is an “up-only” monoculture in Ethereum
                              • what stETH is, how it should be priced and what the futures market indicates
                              • where the value of a chain comes from and the likelihood of ETHPoW failing catastrophically
                              • how to protect from replay attacks
                              • the price action of ETH after the Merge
                              • how ETH becoming deflationary affects Bitcoin’s narrative as digital gold
                              • how the ESG-friendly image of Proof of Stake could affect the narratives of ETH and BTC

                               

                              Thank you to our sponsors!

                              Crypto.com

                              Ava Labs

                              a16z

                              Kevin:

                              • Twitter

                              Evgeny:

                              • Twitter

                               

                              Episode Links

                               

                              Previous Coverage of Unchained on the Merge:

                              • Preston Van Loon on Ethereum's Merge and His Lawsuit Against Treasury
                              Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH 
                              • With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold?
                              • Why Kevin Zhou Believes Ethereum Will Have 3 Forks After the Merge
                              • Post-Merge, If Lido Becomes Dominant, What Does That Mean for Ethereum?

                              ETH Proof of Work:

                              • ChainID missing; and the request from Coinbase
                              • Kevin’s analogy
                              • CoinDesk article
                              • ETHPow Token 
                              Summary of Kevin’s thoughts
                              • ETHPoW team’s promise to abolish EIP-1559
                              • ETHPoW first blocks
                              • Tether supports PoS
                              • Circle (USDC) supports PoS

                               

                              ETH Trade

                              • Ether’s backwardation
                            • Eth-Flexive by Arthur Hayes
                            • Whether Ethereum’s Merge is priced in
                            • Gauntlet’s view on the Merge
                            • BTC correlation with stocks
                            •  

                              ETH Post-Merge Dynamics:

                              • Onchain Wizard post
                            • Cumberland on the Ethereum dynamics after the merge 
                            • Miles Suter on the implications of the Merge
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                              1 hr 12 min
                            • Preston Van Loon on Ethereum's Merge and His Lawsuit Against Treasury- Ep.394

                               

                              Preston Van Loon, cofounder and Ethereum core developer at Prysmatic Labs, talks about the Merge, its impact on an environmental level, and why he is a plaintiff in the lawsuit against the Treasury Department over Tornado Cash. 

                               

                              Show highlights:
                              • what the Merge is on a technical level and what its impact will be 
                              • whether the proof of stake consensus mechanism makes the network more decentralized and secure
                              • what happens if the Merge fails and whether there’s a contingency plan
                              • why Preston founded Prysmatic Labs and how Prysm works
                              • what the next steps are for Ethereum and what the community is working on
                              • whether Preston thinks a proof of work Ethereum fork would succeed
                              • when and how Ethereum’s high fees and scaling issues are going to be resolved
                              • why Preston joined the lawsuit against the US Treasury over the Tornado Cash sanctions
                              • how Preston would celebrate a successful Ethereum Merge
                              Thank you to our sponsors!

                               

                              1inch

                              Crypto.com

                              Messari

                               

                              Preston

                              Twitter 

                               

                              Episode Links

                               

                              Previous Coverage of Unchained on the Merge:

                              • Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH
                              • With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold?
                              • Why Kevin Zhou Believes Ethereum Will Have 3 Forks After the Merge
                              • Post-Merge, If Lido Becomes Dominant, What Does That Mean for Ethereum?

                               

                              Lawsuit against the US Treasury:

                              • Coinbase is supporting a lawsuit against the Treasury Department by six users of Tornado Cash.
                              • Fortune article on the lawsuit
                              • Why Preston joined the lawsuit.

                               

                              The Merge:

                              • Ethereum Foundation Merge announcement.
                              • Ethereum carbon emission reductions.

                               

                              ETH Post-Merge Dynamics:

                              • Cumberland on the Ethereum dynamics after the merge 
                              • Miles Suter on the implications of the Merge
                            • The triple point asset
                            •  

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                              40 min
                            • Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH - Ep. 393

                              Arthur Hayes, cofounder of BitMex, discusses how he’s trading the Merge, the impact of macroeconomic policy in the markets, his career as a writer, and much more. 

                               

                              Show highlights:
                              • how crypto is reconfiguring how humans do finance over the internet
                              • why Arthur initially thought Ethereum was worthless 
                              • how NFTs allow users to trade human culture and will unlock trillions of dollars of value
                              • why Ethereum doesn’t even need to be deflationary
                              • whether other layer 1s can take some market cap from Ethereum
                              • why Arthur thinks that a successful Merge is understated and why this is a valid reason for hedging
                              • why he thinks an Ethereum proof of work chain won’t succeed and how Arthur will trade ETHPoW
                              • why LDO, Lido’s token, is a riskier bet but has more potential gains
                              • how he believes the Shanghai upgrade will impact ETH’s price
                              • whether the Merge affects BTC’s narrative as digital gold and whether the inflation hedge theory of Bitcoin still holds
                              • why Bitcoin is a measure of USD liquidity and why the Fed rates don’t matter as much as everyone thinks
                              • whether hedge funds and institutional investors would want to invest in crypto given the high correlation with traditional markets
                              • what Arthur believes the impact of a potential US recession would be on the crypto markets 
                              • why he believes the real economy is not relevant to the financial markets
                              • whether algorithmic stablecoins are doomed to fail
                              • how the credit cycle works and how it repeats again and again
                              • Arthur’s method for identifying good projects to invest in
                              • how Arthur became such a good writer
                              • whether BTC is money and the religious aspect of the Bitcoin culture
                              Thank you to our sponsors!

                              Crypto.com

                              Ava Labs

                              a16z

                               

                              Arthur:
                              • Twitter
                              Medium 

                               

                              Episode Links

                               

                              Previous Coverage on Unchained:
                              • With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold?
                              • Why Kevin Zhou Believes Ethereum Will Have 3 Forks After the Merge
                              • Post-Merge, If Lido Becomes Dominant, What Does That Mean for Ethereum?

                              Arthur’s posts discussed during the show:
                              • Eth-Flexive
                              • Ether, a double digit shitcoin
                              Teach me Daddy (on USD liquidity and Macroeconomics)

                               

                              Macroeconomics:
                              • Adam Cochran on the Fed’s QT
                            • Pantera Capital’s newsletter
                            •  

                              ETH Trade:
                              • Whether Ethereum’s Merge is priced in
                            • Gauntlet’s view on the Merge
                            • BTC correlation with stocks
                            •  

                              ETH Post-Merge Dynamics:
                              • Cumberland on the Ethereum dynamics after the merge 
                              • Miles Suter on the implications of the Merge
                            • The triple point asset
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                              1 hr 6 min
                            • The Chopping Block: Why DeFi May Be Over-Complying With Tornado Cash Sanctions - Ep. 392

                              Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi and Tom Schmidt chop it up about the latest news in the digital asset industry. In this episode, Jill Gunter, the empress of Espresso, also joined the conversation. 

                               

                              Show topics:

                              • Whether product management is the new consulting
                              • What is going to happen with macroeconomics and whether monetary policy is data-driven
                              • Why Jill’s faith is getting renewed, especially after listening to Fed authorities
                              • The TL;DR on the Ava Labs conspiracy story
                              • Why the industry needs a decentralized RPC
                              • The role of Flashbots and Ethermine in censoring transactions 
                              • Potential over-compliance from the biggest crypto projects on how to deal with sanctioned addresses
                              • Whether social slashing allows Ethereum to stay uncensored
                              • The importance of educating regulators on crypto
                              • What Haseeb thinks lawyers would recommend to Coinbase about validating transactions from sanctioned addresses
                              • The significance of both transactional and application-layer privacy
                              • How stablecoin providers need to implement some basic levels of privacy
                              • Why corporations do not run Ethereum and whether users are pro-OFAC restrictions

                              • Hosts

                                • Haseeb Qureshi, managing partner at Dragonfly Capital
                                • https://twitter.com/hosseeb
                                • Tom Schmidt, general partner at Dragonfly Capital
                                • https://twitter.com/tomhschmidt
                                •  

                                  Guest

                                  Jill Gunter

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


                                  Episode Links

                                   

                                  Tornado Cash

                                  • Treasury Press release 
                                  • Tornado Cash developer arrested 
                                  • Circle freezes USDC in sanctioned wallets
                                  • Crypto exchange dYdX blocked accounts that received funds from Tornado Cash
                                  • What the sanctions mean for privacy coins
                                  • Celebrities get dusted
                                  • Previous coverage of the Tornado Cash Sanctions on Unchained:
                                  • Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No 
                                  • Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?
                                  • The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?
                                  • Ava Labs Accusations:

                                    • CoinDesk article 
                                    • Crypto Leaks article
                                    •  

                                      Social Slashing and Censorship on ETH

                                      • Axios summary of the situation
                                      • BitMex research on how the sanctions affect Ethereum
                                      • Ethermine banning transactions
                                      • Nic Carter’s article
                                      • Eric Wall’s article on social slashing
                                      • Hetzner banning Ethereum users
                                      • Previous Coverage on Unchained
                                      • Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?
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                                        1 hr
                                      • How a16z’s New NFT Licenses Hope to Solve Rights Problems for Creators and Buyers - Ep. 391

                                        Miles Jennings, general counsel at a16z crypto, talks about its new “can’t be evil” NFT licenses and how they help to solve many problems within the NFT industry. Show highlights:

                                        • what “can’t be evil” NFT licenses are and what problems they solve
                                        • what can these licenses achieve for content creators
                                        • which are the five rights that the licenses address
                                        • whether the NFT licenses help resolve hate speech issues for creators
                                        • why a16z described its licenses as “can’t be evil”
                                        • how these licenses will be enforced
                                        • how anyone buying NFTs should now be able to understand what they are buying
                                        • why previous attempts to create standardized NFT license didn’t succeed
                                        • why Miles thinks these new NFT licenses are going to succeed
                                        Thank you to our sponsors!

                                         

                                        1inch: https://1inch.io/

                                        Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021

                                        Messari: https://mainnet.events/ 

                                         

                                        Guest Miles

                                        Twitter: https://twitter.com/milesjennings

                                         

                                        “Can’t be evil” NFT licenses:
                                        • a16z article: https://a16zcrypto.com/introducing-nft-licenses/
                                      • Miles’ thread: https://twitter.com/milesjennings/status/1564991860824674305?s=20&t=pJEE9HfA9DnC_9PlsGelEw
                                      • Wiki article: https://www.nftstandards.wtf/NFT/NFT+License
                                      •  

                                        Previous coverage on Unchained: 
                                        • What legal rights NFTs come with: https://unchainedpodcast.com/what-exactly-do-you-get-when-you-buy-an-nft-three-lawyers-discuss/
                                      • Understanding intellectual property rights with NFTs: https://unchainedpodcast.com/excited-about-your-bored-ape-or-crypto-punk-make-sure-you-understand-your-ip-rights/
                                      • Punk 6529 on how rights helped Bored Apes succeed: https://unchainedpodcast.com/punk6529-on-the-significance-of-bored-ape-yacht-club-and-cryptopunks/ 
                                      •  

                                        IP issues around prominent NFT collections: 
                                        • Galaxy Digital report on NFT owners being misled about rights: https://decrypt.co/107827/bored-apes-moonbirds-misled-buyers-nft-ip-rights-galaxy-digita 
                                        • CryptoPunks gets IP rights: https://decrypt.co/107184/as-cryptopunks-nft-owners-get-commercial-rights-yuga-hopes-to-secure-their-legacy-as-artwork 
                                        • Bored Apes’ more permissive license helps it become more valuable than Crypto Punks: https://www.thedefiant.io/bored-apes-yacht-club-cryptopunks-copyright-fight 
                                        • Moonbirds controversy ignites after move to CC0 license: https://www.thedefiant.io/moonbirds-cc0-license-nfts

                                         

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                                        37 min
                                      • Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant? - Ep. 390

                                        Show highlights:

                                        • the legal meaning of the OFAC sanctions on Tornado Cash and why it is causing complications
                                        • how legislation is built for the fiat world, and how in DeFi and crypto there’s no clarity 
                                        • how miners have changed their behavior prior to the Merge
                                        • whether a proof of work chain or a proof of stake chain would be more censorship resistant
                                        • whether laws apply to validators in a PoS chain
                                        • the ways in which the government could provide more clarification 
                                        • the different entities involved in Proof of Stake
                                        • the liabilities for each entity in PoS and what secondary liability is
                                        • how the task of the bidder can be described as a mathematical optimization problem
                                        • whether Lido is exposed to US regulations
                                        • how long would it take for a large staker like Coinbase to stop being a validator
                                        • how a user-activated soft fork works and the conditions in which a fork could happen
                                        • whether social slashing is enforceable considering it is not in the protocol
                                        • the likelihood of Ethereum becoming a permissioned system
                                        • the role of Flashbots’ relay code and what it means for Ethereum’s censorship resistance
                                        • how DeFi’s exposure to US-based institutions can affect the likelihood of the chain complying with sanctions
                                        • whether DAI is just wrapped USDC
                                        • how MakerDAO is trying to be more independent of USDC
                                        • why US-based companies will choose a conservative path, considering the lack of guidance
                                        • the importance of educating the regulators 
                                        • how cash and crypto are the only remaining private payment methods 
                                        • Thank you to our sponsors!

                                           

                                          Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021

                                          Ava Labs: https://avax.network

                                          a16z: https://link.chtbl.com/HObAJQDL?sid=unchained

                                           

                                          Andrew

                                          Twitter: https://twitter.com/propelforward

                                           

                                          Martin

                                          Twitter: https://twitter.com/koeppelmann

                                           

                                          Previous Coverage of the Tornado Cash Sanctions on Unchained:

                                          • Is TRM Labs Blocking Addresses From DeFi Protocols? Ari Redbord Says No: https://unchainedpodcast.com/is-trm-labs-blocking-addresses-from-defi-protocols-ari-redbord-says-no-ep-387/
                                          • Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?: https://unchainedpodcast.com/tornado-cash-sanctioned-did-the-government-overstep-its-bounds-ep-384/
                                          • The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?: https://unchainedpodcast.com/the-chopping-block-did-ofac-overstep-by-sanctioning-tornado-cash-ep-386/
                                          •  

                                             

                                            Social Slashing and Censorship on ETH

                                            Axios summary of the situation: https://www.axios.com/2022/08/23/how-transactions-might-be-censored-after-ethereum-changes-next-month

                                            BitMex research on how the sanctions affect Ethereum: https://blog.bitmex.com/ofac-sanctions-ethereum-pos-some-technical-nuances/

                                            Ethermine banning transactions: https://twitter.com/takenstheorem/status/1560690035955011585?s=20&t=59hWdhr8_O-hYA8uYnZJ8w

                                            Nic Carter’s article: https://www.coindesk.com/layer2/2022/08/25/if-ethereum-starts-slashing-it-burns/

                                            Eric Wall’s article on social slashing: https://ercwl.medium.com/the-case-for-social-slashing-59277ff4d9c7

                                            CoinDesk article: https://www.coindesk.com/tech/2022/08/23/as-censorship-on-ethereum-begins-could-this-open-sourced-code-help-counter-it/?outputType=amp

                                            Hetzner banning Ethereum users: https://twitter.com/koeppelmann/status/1563146729314467840?s=20&t=ubFhCQqrQyHKfflgMHEmJw

                                             


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                                            1 hr 25 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…