Logo
    Search

    decentralized systems

    Explore "decentralized systems" with insightful episodes like "ROLLUP: Kim Kardashian vs Gary Gensler | Credit Suisse Crisis | Celsius Foul Play | ENS NFTs", "The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161", "The Eternal Optimist with Karl Floersch | Layer Zero", "Announcing the GREEN PILL Podcast | Kevin Owocki" and "THIS Is the Issue With the Legacy Financial System & How BITCOIN Fixes All of It | Saifedean Ammous" from podcasts like ""Bankless", "PBD Podcast", "Bankless", "Bankless" and "Impact Theory with Tom Bilyeu"" and more!

    Episodes (10)

    ROLLUP: Kim Kardashian vs Gary Gensler | Credit Suisse Crisis | Celsius Foul Play | ENS NFTs

    ROLLUP: Kim Kardashian vs Gary Gensler | Credit Suisse Crisis | Celsius Foul Play | ENS NFTs

    First Week of October, 2022

     

    ------

    📣 Galxe | Explore Crypto’s #1 Credential Network

    https://bankless.cc/Galxe  

     

    ------

    🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/  

    🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/  

     

    ------

    BANKLESS SPONSOR TOOLS: 

     

    ⚖️ ARBITRUM | SCALING ETHEREUM

    https://bankless.cc/Arbitrum

     

    ❎ ACROSS | BRIDGE TO LAYER 2

    https://bankless.cc/Across

     

    🦁 BRAVE | THE BROWSER NATIVE WALLET

    https://bankless.cc/Brave

     

    💠 NEXO | CRYPTO FINANCIAL HUB

    https://bankless.cc/Nexo

     

    🔐 LEDGER | NANO HARDWARE WALLETS

    https://bankless.cc/Ledger

     

    ⚡️FUEL | THE MODULAR EXECUTION LAYER

    https://bankless.cc/Fuelpod

     

    -----

    Topics Covered

     

    0:00 Intro

    2:00 Galxe

    https://bankless.cc/Galxe

     

    3:25 MARKETS

    5:50 The Fed

    https://time.com/nextadvisor/investing/latest-stock-market-news/

    8:35 Global Markets

    Japan - https://www.reuters.com/markets/asia/japan-confirm-size-yen-buying-intervention-eyes-size-war-chest-2022-09-30/

    England - https://www.bankofengland.co.uk/markets/market-notices/2022/september/market-notice-28-september-2022-gilt-market-operations

    9:50 Oil Reserves

    https://twitter.com/EddieZipperer/status/1577658417807859712

    12:30 The Pivot

    https://twitter.com/matthew_pines/status/1575466006314717184

    14:20 L2 All Time Usage

    https://twitter.com/MSilb7/status/1576194105763590144

    AVAX - https://twitter.com/jamesjho_/status/1576386383018569728

    BNB - https://thedefiant.io/bnb-retail-favorite-nansen

     

    18:30 NEWS

    19:45 Credit Suisse Crisis

    https://www.bloomberg.com/news/articles/2022-09-30/credit-suisse-ceo-says-firm-at-critical-moment-sees-strength

    Credit Default Swaps - https://twitter.com/GrahamStephan/status/1576601663477059585

    24:00 Left Hanging

    https://twitter.com/DylanLeClair_/status/1576263249506410497

     

    25:55 SEC Charges Kim Kardashian

    https://twitter.com/tier10k/status/1576897832954785795

    SEC Report - https://www.sec.gov/news/press-release/2022-183

    28:00 Clout Chasing

    https://twitter.com/mdudas/status/1577711416521494529

    30:25 Influencer Officials

    https://youtu.be/vbZS6tYQKIM

    33:00 Picking Battles

    https://twitter.com/tomhschmidt/status/1576967556815953922

     

    36:22 Celsius GRIFTERS

    https://www.coindesk.com/business/2022/10/06/celsius-top-3-execs-cashed-out-56m-in-crypto-before-bankruptcy/

    38:15 Calling Out Scams

    https://bankless.cc/YouTube

     

    42:15 MakerDAO 500m Investment

    https://www.coindesk.com/business/2022/10/06/stablecoin-issuer-makerdao-allocates-500m-for-treasuries-corporate-bond-investment/

    Winklevoss - https://thedefiant.io/makerdao-gemini-deal

    45:25 Fidelity Ethereum Index Fund

    https://www.theblock.co/post/174806/fidelity-reveals-ethereum-index-fund-with-5000000-in-sales-in-new-filing

    47:04 ENS Registrations

    https://thedefiant.io/ens-registrations-ath-september

    Top Sales - https://nonfungible.com/market-tracker/ethereumnameservice

    49:16 Moonbirds DAO

    https://decrypt.co/111147/moonbirds-dao-2-6m-thereum-nfts-kevin-rose-proof

    50:45 Coinbase Documentary

    https://twitter.com/brian_armstrong/thread/1577327143557603328

    54:15 Liquidating 3AC NFTs

    https://decrypt.co/111317/three-arrows-capital-cryptopunks-starry-night-ethereum-nfts

    54:55 Solana Down Again

    https://fortune.com/crypto/2022/10/01/solana-back-online-after-latest-outage

    Uptime - https://twitter.com/RyanSAdams/status/1576222916840411142

    59:25 Crypto in Africa

    https://blog.chainalysis.com/reports/sub-saharan-africa-cryptocurrency-geography-report-2022-preview/

    1:01:25 Tornado Cash Update

    https://www.theblock.co/post/174016/arrested-tornado-cash-developer-alexey-pertsev-appeal-rejected

    1:03:55 Consensys x BanklessDAO

    https://twitter.com/consensys/status/1578051507769032704

    1:05:24 Euler Aztec Integration

    https://twitter.com/aztecnetwork/status/1576997493987868672

     

    1:06:40 RAISES

    Uniswap Labs - https://decrypt.co/110952/uniswap-labs-eyes-200m-in-fresh-funding-report

    DeFiance Capital - https://twitter.com/TheBlock__/status/1575994613738999808

    Horizon - https://twitter.com/0xHorizon/status/1577284097806041088

     

    1:08:10 JOBS

    https://pallet.xyz/list/bankless/jobs

     

    1:10:00 Questions from the Nation

    1:11:00 Emerging Categories

    https://twitter.com/finity_mike/status/1577843386924531713

    1:14:15 EVM Compatibility

    https://twitter.com/A_Crypto_Dude1/status/1577694946378891264

     

    1:15:00 TAKES

    1:15:15 Start a Pod

    https://twitter.com/trustlessstate/status/1577419284342530050

    1:16:04 Bootstrap!

    https://twitter.com/RyanSAdams/status/1578068696219746304

    1:17:45 Whoops

    https://twitter.com/dastormy1/status/1575956684732006400

     

    1:19:40 What David’s Bullish On

    https://imgur.com/NFQdeYG

    1:22:10 What Ryan’s Bullish On

     

    1:25:10 Memes of the Week

    2022 vs 2008 - https://twitter.com/wallstreetsilv/status/1575610336496873472

    Environmental Ponzi - https://twitter.com/DylanLeClair_/status/1577793279273455616

     

    ———

    Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

    The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161

    The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161

    In this episode, Patrick Bet-David is joined by Tom Ellsworth and Richard Werner to discuss past & current economic policy, Cryptocurrency, Communism and much more...

    Richard Andreas Werner is a German banking and development economist who is a university professor at De Montfort University. He has proposed the "Quantity Theory of Credit", or "Quantity Theory of Disaggregated Credit", which disaggregates credit creation used for the real economy on the one hand, and financial transactions on the other hand.


    TOPICS

    0:00 - Start 

    4:43 - Breaking down the Japanese economy  

    10:40 - Who holds banks accountable  

    48:30 - The truth about interest rates  

    57:42 - Bitcoin/Crypto/biggest concerns  

    1:14:47 - Bailing put the students  

    1:25:26 - QE & Communism  

    1:37:50 - What happens if we don’t do anything to the economy?


    Check out Richard's documentary: https://bit.ly/3x7KbhB

    Buy Richard's book, Princes of the Yen: https://bit.ly/3ahD4tU

    Check out Richard Werner online at https://bit.ly/3fT6uPR


    Text: PODCAST to 310.340.1132 to get added to the distribution list

    About Co-Host:

    Adam “Sos” Sosnick has lived a true rags to riches story. He hasn’t always been an authority on money. Connect with him on his weekly SOSCAST here: https://youtube.com/playlist?list=PLw4s_zB_R7I0VW88nOW4PJkyREjT7rJic


    Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

     

    To reach the Valuetainment team you can email: booking@valuetainment.com

    --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

    The Eternal Optimist with Karl Floersch | Layer Zero

    The Eternal Optimist with Karl Floersch | Layer Zero
    Karl Floersch is the co-founder of Optimism, the Ethereum rollup scaling solution, as well as one of the primary advocates in the space for public goods funding.

    Through his prolific body of work—as well as a boundless well of optimism and energy—Karl is a core beating heart of Ethereum culture, as well as a schelling point for values and ethos across the ecosystem.

    We say it every episode: the code we write impacts the people who use it. Few embody this declaration more than Karl, whose deepest passion is building technological infrastructure to incentivize ethical behavior.

    We also explore the concept of ‘Ether’s Phoenix,’ a hypothetical being that rewards you for manifesting it—directly contrasting the concept of Roko’s Basilisk (research at your own risk). 

    ------
    📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK
    https://bankless.cc/Opolis 

    ------
    🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/   
    🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/   

    ------
    BANKLESS SPONSOR TOOLS: 

    ⚖️ ARBITRUM | SCALED ETHEREUM
    https://bankless.cc/Arbitrum 

    ❎ ACROSS | BRIDGE TO LAYER 2
    https://bankless.cc/Across 

    🏦 ALTO IRA | TAX-FREE CRYPTO
    https://bankless.cc/AltoIRA 

    👻 AAVE V3 | LEND & BORROW CRYPTO
    https://bankless.cc/aave 

    ⚡️ MAKER DAO | THE DAI STABLECOIN
     https://bankless.cc/MakerDAO  

    🦁 BRAVE | THE BROWSER NATIVE WALLET
    https://bankless.cc/Brave 

    ------
    Topics Covered:

    0:00 Intro
    5:00 Inspiration and Leaders
    10:10 Road to Ethereum
    16:13 For the Right Reasons
    21:12 Embedding Values
    28:35 The School of Fish
    34:38 The Future Karl Sees
    42:00 The Human Body Metaphor
    47:44 The Decentralized Brain
    52:25 Retroactive Public Goods Funding
    57:14 Distributing Funds
    1:01:08 Unprecedented Opportunity
    1:04:59 R*ku’s B*silisk
    1:08:39 Ether’s Phoenix (caw!)
    1:15:40 A Just Utopia

    ------
    Resources:

    Karl Floersch:
    https://twitter.com/karl_dot_tech 
    Optimism:
    https://twitter.com/optimismPBC 
    Ether’s Phoenix:
    https://medium.com/ethereum-optimism/ethers-phoenix-18fb7d7304bb 

    -----
    Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

    Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
    https://newsletter.banklesshq.com/p/bankless-disclosures 

    Announcing the GREEN PILL Podcast | Kevin Owocki

    Announcing the GREEN PILL Podcast | Kevin Owocki

    Kevin Owocki returns to Bankless with a very special announcement—the GreenPill Podcast!

    The Gitcoin OG is the embodiment of the best parts of the crypto ethos, and his commitment to public goods is making the world a better place.

    GreenPill is launching through the Bankless network, and we’re extremely excited to meme ‘public goods’ and ‘regenerative cryptoeconomics’ into existence.

    Take the Green Pill, anon.  

    ✨ Subscribe to the Green Pill Podcast ✨
    https://availableon.com/greenpill 

    🟢 Get the GreenPilled Book 🟢
    https://greenpill.party/ 

    ------
    Topics Covered:

    0:00 Intro
    1:55 GreenPill & Regen
    4:20 Moloch in the World
    6:58  Why Green?
    9:37 The GreenPilled Book
    11:58 The GreenPill Podcast
    17:04 ELI5 & Details
    19:57 Closing

    ------
    Resources:

    Kevin on Twitter:
    https://twitter.com/owocki?s=20&t=A1yy1WYtQlNAOiSxXtGuNQ 

    Schelling Point Conference:
    https://schellingpoint.gitcoin.co/ 

    -----

    Music by WABI SABI - snowflake - https://thmatc.co/?l=7786B012 

    -----
    Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

    Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
    https://newsletter.banklesshq.com/p/bankless-disclosures 

    THIS Is the Issue With the Legacy Financial System & How BITCOIN Fixes All of It | Saifedean Ammous

    THIS Is the Issue With the Legacy Financial System & How BITCOIN Fixes All of It | Saifedean Ammous
    The meteoric rise of Bitcoin and other cryptocurrencies over the past years just goes to show that even something as ubiquitous as money is ripe for disruption. And even though crypto is a space that many of us are just beginning to understand, its principles call into question the validity of the existing fiat monetary system. In his latest book, The Fiat Standard: The Debt Slavery Alternative to Human Civilization, Dr. Saifedean Ammous sets out to do just that. Using the first principles thinking that he used to write his bestselling book, The Bitcoin Standard, Dr. Ammous analyzes the history of fiat currency, the shift away from the gold standard, and the economic, social and political fallout that came as a result. Find out more by ordering his book here: https://amzn.to/3DRdLbf SHOW NOTES: 00:00 | Introduction 01:28 | What is Fiat Currency? 05:57 | How Types of Money are Created 14:25 | Fiat, Self-Correction, and Hyperinflation 18:10 | What is Hard Money? 23:48 | The Transition to Universal Debt Slavery 27:54 | Fiat vs. Hard Money 33:10 | Deflation vs. Inflation 43:22 | Why the Wealthy Hold the Most Debt 46:23 | Has Fiat Currency Ruined the University? 1:01:34 | Bitcoin vs. Central Planning 1:05:26 | Why Printing Money is Destructive 1:19:28 | Bitcoin vs. Gold Standard 1:24:18 | How Bitcoin Will Consume the Bond Market 1:28:06 | Transitioning to a Crypto Economy Follow Dr. Saifedean Ammous: Website: https://saifedean.com/ Twitter: https://twitter.com/saifedean Instagram: https://www.instagram.com/saifedean/ Order The Fiat Standard: https://amzn.to/3DRdLbf Check out our sponsors: Athletic Greens: Go to athleticgreens.com/impact and receive a FREE 1 year supply of Vitamin D AND 5 free travel packs with your first purchase! Indeed: Get a FREE $75 CREDIT to upgrade your job post at indeed.com/IMPACT Tommy John: tommyjohn.com/impact Blinkist: Go to https://blinkist.com/impact Try it FREE for 7 days and save 25% off your new subscription. Are You Ready for EXTRA Impact? If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.  This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. Subscription Benefits: Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more New episodes delivered ad-free Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: Legendary Mindset: Mindset & Self-Improvement Money Mindset: Business & Finance Relationship Theory: Relationships Health Theory: Mental & Physical Health Power Ups: Weekly Doses of Short Motivational Quotes  Subscribe on Apple Podcasts: https://apple.co/3PCvJaz Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

    Danny Ryan | Layer Zero

    Danny Ryan | Layer Zero

    Danny Ryan is an Ethereum 2.0 researcher at the Ethereum Foundation, but he is also a cat owner, husband, and outdoors enthusiast. With some of the longest hair in crypto, Danny is solving extremely difficult and important problems at the protocol level for Ethereum. He is a communicator and a thinker—he is technical but also personable.

    Danny is a human at the center of this movement, navigating through high-stakes subjective decisions and surrounded by smart, passionate people. This conversation also covers what it’s like working for a protocol. What’s it like working without a boss and concrete job description?

    Danny’s answer? He cares a lot.

    *****
    📣 POOLTOGETHER | DEFI LOTTERY
    https://bankless.cc/PoolTogether
    *****

    🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 
    🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 
    ------
    BANKLESS SPONSOR TOOLS:

    ⚖️ ARBITRUM | SCALING ETHEREUM
    https://bankless.cc/Arbitrum 

    🍵 MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR
    https://bankless.cc/Matcha 

    🔐 LEDGER | SECURE YOUR ASSETS
    https://bankless.cc/Ledger 

    🧙‍♀️ ALCHEMIX | SELF-PAYING LOANS
    http://bankless.cc/Alchemix 

    ------

    Topics Covered:

    0:00 Intro
    4:00 Danny Ryan & His Hair
    8:50 Coding & Building
    12:45 Communicating
    19:37 Subjective Decisions
    25:05 Existential Risks
    31:35 Work Culture & Accountability
    38:08 After Ethereum
    41:21 Proof of Stake
    45:36 Social Interactions
    51:42 More Proof of Stake
    55:40 Bitcoin
    58:10 Clean Money
    1:00:15 Happy Devs & the Mock Merge
    1:06:01 Personal Stuff
    1:14:55 Closing

    ------
    Resources:

    Danny on Twitter:
    https://twitter.com/dannyryan?s=20 

    -----
    Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

    Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
    https://newsletter.banklesshq.com/p/bankless-disclosures 

    TIP307: Cullen Roche on Stocks, Inflation, & COVID-19 (Business Podcast)

    TIP307: Cullen Roche on Stocks, Inflation, & COVID-19 (Business Podcast)
    Cullen Roche talks about the current market conditions and various trade ideas for navigating this landscape.  Cullen has managed hundreds of millions of dollars for the past two decades. He is the founder of Pragmatic Capitalism, the author of multiple investing books, and a regular guest on Bloomberg and major financial news outlets.  IN THIS EPISODE, YOU’LL LEARN: The main advantage of centralized currencies. Why the risk of inflation is more likely to come from the Treasury than from the Federal Reserve. Why growth stocks typically perform better in a low inflation environment and value stocks perform better in a high inflation environment. Where to find value in international equities. How should investors navigate the current market conditions?  Ask The Investors: What is the relationship between inflation, interest rates, and house prices?  BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Preston and Stig’s interview with Cullen Roche about contrarian investing. Cullen Roche’s website, Pragmatic Capitalism. Tweet directly to Cullen Roche. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices

    19 - DeFi vs Banks | Hasu

    19 - DeFi vs Banks | Hasu

    Episode: #19
    June 29, 2020

    Hasu is a free-thinker. A truth seeker. A rare voice in crypto. He's not afraid to push back on tribal dogma. He breaks rank with Bitcoiners on some topics and Ethereans on others. Yet he still considers himself a member of both tribes and respects the mysticism (and even dogma) of these deeply social systems.

    In the spirit of Satoshi he's pseudonymous. We don't know his actual identity. But we know who he is from his body of writing that has influenced our thinking on many crypto topics. 

    What does he think about Ethereum?

    About crypto banks? 

    About DeFi? 

    We covered it all:

    • Hasu's fave writers
    • Body and Spirit of crypto networks
    • Is Hasu an Etherean?
    • Why Bitcoin might not survive
    • How Maker is like a central bank
    • Is EIP1559 bullish for ETH?
    • The best Rick & Morty episode

    Join us next Monday for a fresh episode!

    -----

    Tools from our sponsors to go bankless:

    • Multis - bank your business without a bank (1 mon. trial!)
    • Ramp - the fiat onramp for DeFi (mention Bankless!)
    • Monolith - holy grail of bankless Visa cards
    • Aave - money lego for lending & borrowing

    -----
    Resources discussed:

    -----
    Episode Actions:

    1. Read our favorite Hasu articles (see above)
    2. Listen to episode 7 on ETH scarcity for more EIP1559
    3. Give Bankless a 5-star review on iTunes!

    Also...subscribe to Bankless YouTube to watch State of the Nation every Tuesday.

    -----
    Subscribe to podcast on iTunes | Spotify | YouTube | RSS Feed

    Leave a review on iTunes

    Share the episode with someone you know!

    -----
    Don't stop at the podcast!

    Subscribe to the Bankless newsletter program

    Watch Bankless shows and tutorials on YouTube

    Visit official Bankless website for resources

    Follow Bankless on Twitter

    Follow Ryan on Twitter

    Follow David on Twitter

    Preston Byrne - Crypto-pocalypse - [Invest Like the Best, EP.72]

    Preston Byrne - Crypto-pocalypse - [Invest Like the Best, EP.72]
    My guest this week is Preston Byrne. Preston is vocal critic of crazy prices and projects in the world cryptocurrencies. His background is in the legal world and also as a founder and former COO of Monax, which made the first open-source permissioned blockchain client. As Preston says, he is a “blockchain without bitcoin” guy, who believes that this crypto mania will end in some sort of apocalypse for token holders and ICO issuers . We tackle several issues, from his broad skepticism of crypto assets, to the potential regulatory reaction from major governments, to types of coins like stable coins, which Preston views as analogous to perpetual motion machines.  Please enjoy our conversation and for any crypto investors out there, let me know if this conversation affects your opinion of the investing prospects for cryptocurrencies.  Hash Power is presented by Fidelity Investments   For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Links Referenced Bitcoin white paper The Bear Case for Crypto Hash Power series Zero Hedge Preston tweet on Reverse network effect   Show Notes 2:12 - (First Question) –Ponzi scheme vs pyramid scheme vs Nakimoto scheme  5:29 – Why there are regulatory challenges to cryptocurrency             5:33 – The Bear Case for Crypto  9:59 – Who are the most influential people supporting this and how are they swaying the regulatory minefield on this issue             10:28 – Hash Power series  13:23 – Looking into the idea of a digital asset and the difference between blockchain and the token itself  16:09 – What about the idea that cryptocurrency’s only feature is that it’s censorship resistant  18:39 – Why cryptocurrencies become less usable the more successful they are             18:59 – Zero Hedge  21:04 – Why can’t we rely on offchain solutions to solve the scaling issue  22:29 – The idea of bubbles and what happens next in this one            25:41 – What are the incentives to build technology to support cryptocurrencies  29:23 – Explaining Ripple  31:21 – What would precipitate a massive reversal in the inflated valuations of cryptocurrencies  34:52 – Understanding reverse network effects             34:36 – Preston tweet on Reverse network effect 37:45 – The principles behind Stablecoin 42:20 – What has been the greatest lesson that Preston has learned about blockchain he wish he knew when he first got started 44:05 – How embedded will blockchain be by 2024/2025 45:12 – ICO’s, why Preston is not a fan and if there are any positives to them 50:20 – What are the conditions under which these things will be viewed legally. 54:00 – Preston’s history owning cryptocurrencies 55:35 – What has Preston most excited in the space 59:02 – Utility settlement coin 1:00:36 – Why the fascination with marmots 1:02:10 – What to reference before getting started with cryptocurrencies 1:04:03 – Understanding supply chains in block chain 1:07:14 – Some smart people on block chain to follow 1:08:24 – Kindest thing anyone has done for Preston Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag