Unconfirmed: Insights and Analysis From the Top Minds in Crypto

By Laura Shin - Independent journalist covering crypto (crypto assets, Bitcoin, Ethereum, ICOs, tokens)

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Events in crypto take place at warp speed. This weekly crypto podcast reveals how the marquee names in crypto are reacting to the week’s top headlines. With host Laura Shin, the guests also discuss what they’re thinking about these days and reveal what they believe is on the horizon in crypto. Disclosure: I'm a nocoiner.

Episode Date
How Crypto Will Give You More Flexibility in Your Work - Ep.033

Silicon Valley capitalist and longtime crypto investor Bill Tai discusses some interesting theories about how crypto is changing money and work. He starts by talking about the shift from oil- to electron-based currencies. He also describes how people have worked flexibly, as individuals, for most of human history and only recently have they become cogs in a wheel, beholden to one employer. Crypto, he believes, will shift us back to more flexible work models.  We also talked about a new project he's launched with CryptoKitties to try to fund endangered species -- the Honu Kitty -- which raised $25,000 to support turtle conservation, marine protection and other conservation projects. He'a also got more ideas for how crypto collectibles could help endangered species.

Thank you to our sponsor!

Digital Asset Custody: https://digitalassetcustody.com

Episode links:

Bill Tai: https://twitter.com/KiteVC

Actai Global: http://actai.global

Bill on how electricity has replaced oil as the basis for productivity: https://medium.com/@billtai/currency-in-the-4th-industrial-revolution-19a73d47b6c5

Speaking at the Milken conference on how the petro dollar was like an ICO: https://video.cube365.net/l/8n5dF-FzQWmXBg2LUuvS3A

Honu the CryptoKitty: https://medium.com/cryptokitties/honu-the-charity-kitty-is-making-waves-1c21315a09bd

Aug 17, 2018
Why the ICE/Bakkt News Makes Some Crypto Investors Nervous - Ep.032

Caitlin Long, who’s working on a book about Wall Street and crypto assets and is the cofounder of the Wyoming Blockchain Coalition, discusses the significance of the creation of Bakkt, a new federally regulated market for Bitcoin, by ICE, Microsoft, Starbucks and investment firms Fortress Investment Group, Eagle Seven, and Susquehanna International Group. She explains why she thinks the price of bitcoin didn't jump after the news, what this move could mean for institutional players getting into crypto and why it could lead to systemic risks. We also discuss some remarks by ICE founder, chairman and CEO Jeffrey Sprecher about how the enterprise would bring "transparency and trust" to crypto.

Thank you to our sponsor!

Digital Asset Custody Company: https://digitalassetcustody.com

Episode links:

Caitlin's articles on the announcement: https://www.forbes.com/sites/caitlinlong/2018/08/03/ice-creating-new-cryptocurrency-market-a-double-edged-sword/#50803d791015

Tweet from SEC commissioner Hester Peirce regarding comment on crypto funds: https://twitter.com/HesterPeirce/status/1027273379819204608

Bakkt press release: https://www.businesswire.com/news/home/20180803005236/en/Intercontinental-Exchange-Announces-Bakkt-Global-Platform-Ecosystem

Fortune article on Bakkt: http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/

Aug 10, 2018
A Place Where People May Be Using Crypto For More Than Speculation - Ep.031

Tricia Martinez, director of the Dala Foundation and founder and CEO of Wala, describes how cryptocurrency Dala is being used in Africa and how it hit 100,000 new wallets and 2.5 million in transactions in two months, with an average transaction size of around $0.27. She talks about how 94% of transactions in Africa are still being done in cash, why the problem she's trying to solve needs its own cryptocurrency and can't use bitcoin or ether, and how Wala's users are using Dala. Plus, she explains why she's focusing her entrepreneurial efforts in Africa and other emerging markets.

Thank you to our sponsors!

Onramp: http://www.thinkonramp.com/

Quantstamp: https://quantstamp.com/

Show links:

Dala Foundation: https://dala.org/

Wala: https://getwala.com/

Tricia: https://twitter.com/TriciaTita

Aug 03, 2018
CoinList's Andy Bromberg on the One Big Regulatory Issue Facing Crypto - Ep.030

CoinList founder and president Andy Bromberg talks about why the ICO services firm has worked with only five out of 2,500 token projects, how tokenomic models are changing to ensure the viability of the network and also avoid incurring regulatory action, and why one of the biggest regulatory questions remaining is when a token shifts from being a security to a non-security. We also discuss why there's such a race in the stablecoin space, why there's been a shift toward building infrastructure, and what that infrastructure looks like.

Thank you to our sponsors!

Onramp: http://www.thinkonramp.com

Quantstamp: https://quantstamp.com

Episode links:

CoinList: https://coinlist.co

Andy Bromberg: https://twitter.com/andy_bromberg?lang=en

Unchained episode on stablecoins: http://unchainedpodcast.co/why-its-so-hard-to-keep-stablecoins-stable

Unchained episode on the main regulatory issues regarding crypto: http://unchainedpodcast.co/the-chamber-of-digital-commerces-perianne-boring-and-amy-kim-on-why-us-crypto-regulation-is-complicated-and-confusing

Unconfirmed episode on SEC Director Bill Hinman's statement that, leaving aside the manner of sale, ether, in its current form, is not a security: http://unconfirmed.libsyn.com/coinbases-adam-white-on-a-momentous-day-in-crypto-ep023

Jul 27, 2018
Token Economy's Stefano Bernardi on How DAOs Could Create a Less Capitalist World - Ep.029

In this wide-ranging conversation, the Token Economy newsletter coauthor Stefano Bernardi talks about fully digital security tokens -- security tokens with no relation to real world securities like companies and real estate, but that represent securities from DAOs and other purely crypto entities. He also discusses a new evolution in cryptoeconomics -- multiple-token economies that utilize different tokens to incentivize various behaviors on a network. For instance, one system might have a security token for accredited investors and a utility token for users. Stefano also explains why he thinks personal data monetization projects won't take off, and at the end, we dive into the question of how DAOs and blockchain technology might lead to a less capitalist world.

Thank you to our sponsors!

Onramp: http://www.thinkonramp.com

Quantstamp: https://quantstamp.com

Links from the show:

Stefano: https://twitter.com/stefanobernardi

Token Economy: https://tokeneconomy.co/

World After Capital: http://worldaftercapital.org/

Failure of the old-world corporation: https://tokeneconomy.co/token-economy-35-the-failure-of-the-old-world-corporation-35ac2312eced

The Zero-Cost Marginal Society: https://www.amazon.com/Zero-Marginal-Cost-Society-Collaborative/dp/1137278463/

Jul 20, 2018
Special Episode with CNBC's Crypto Trader: Olaf Carlson-Wee on Why This Crypto Winter Is Different From Previous Ones - Ep.028

In this special episode I hosted with CNBC Crypto Trader, Ran Neu Ner and I talk with Olaf Carlson-Wee, founder and CEO of crypto hedge fund Polychain Capital. We discuss his early career, what sets this crypto downturn apart from previous ones and why we see hardcore tribalism in the crypto space. He also explains what types of investments and technologies he looks for, why we won't see one dominant breakthrough and why "no one cares about incrementally faster bank settlement but paradigm shifts."

Thank you to our sponsors!

Onramp: http://www.thinkonramp.com 

Quantstamp: https://quantstamp.com 

Polychain Capital: http://polychain.capital

CNBC Crypto Trader: https://www.youtube.com/channel/UCN9Nj4tjXbVTLYWN0EKly_Q

Jul 16, 2018
Willy Woo on Why He Thinks We're Nine Years Away From Half the World Using Bitcoin - Ep.027

Independent crypto analyst Willy Woo, who blogs at Woobull.com, talks about where he sees the price of Bitcoin going over the next six months. (Hint: He uses the word "sideways.") He also describes his concept of NVT Ratio, the Bitcoin equivalent of price-to-earnings ratio, and how that helps determine whether bitcoin and certain other coins are over- or undervalued. We also discuss his 10,000-year view of cryptocurrency, and why he believes we're only nine years away from half of the world using Bitcoin.

Thank you to our sponsors!

Clarity PR: http://clarity.pr

Onramp: http://www.thinkonramp.com

Links for this episode:



Willy's recent tweets on the short-term future price of Bitcoin: https://twitter.com/woonomic/status/1000223528803762176

The Unconfirmed episode in which Coinbase's Adam White estimates conservatively, that $10 billion of institutional money is waiting to come into crypto: http://unconfirmed.libsyn.com/coinbases-adam-white-on-a-momentous-day-in-crypto-ep023

Willy's 10,000-year view of cryptocurrency:

Graphic: https://woobull.com/the-10-000-year-view-of-cryptocurrency/  


NVT Ratio: https://woobull.com/introducing-nvt-ratio-bitcoins-pe-ratio-use-it-to-detect-bubbles/

NVT Signal: https://woobull.com/nvt-signal-a-new-trading-indicator-to-pick-tops-and-bottoms/

Jul 13, 2018
Demian Brener, CEO of Zeppelin, on Which Smart Contract Platform Will Win - Ep.026

Demian Brener, the cofounder and CEO of Zeppelin discusses a dilemma he's seeing investors be concerned about: whether blockchains should be immutable forever or whether it should be possible to upgrade smart contracts over time. He explains why he doesn't see it as a dilemma, how it could be possible to have an upgradeable, immutable blockchain. We also cover another trend he's seeing: would-be ICO issuers instead turning to airdrops as a way to avoid some regulatory issues. Now that Tezos Betanet has launched (plus EOS and Dfinity are in the race), we talk about what factors will determine which smart contract platforms come out on top, plus Brener describes how the libraries he's building at Zeppelin OS could factor in.

Thank you to our sponsors!

Clarity PR: http://clarity.pr

Onramp: http://www.thinkonramp.com

Links for the show:

Zeppelin OS: https://zeppelinos.org

Tezos Betanet: https://tezos.com/betanet/

Dfinity airdrop: https://medium.com/dfinity/liftoff-the-dfinity-community-airdrop-is-here-5a11b94a2d03

Jul 06, 2018
Multicoin's Kyle Samani on Why He Believes Bitcoin Governance Doesn't Accommodate the Real World - Ep.025

Kyle Samani, managing partner of Multicoin Capital, talks about what got him really excited at this week's Zcon0 conference for Zcash -- primarily, technologies that could make possible a future of massively scalable blockchains featuring default private transactions that would still make possible selective viewing to, say, auditors. He also recaps the major incidents around EOS's launch and how the community plans to change its governance, by trying out a new ethos of "intent of code" is law. We also discuss whether or not it's even possible to enforce that and how EOS's governance system compares to the one in Bitcoin. Finally, we also touch on some of the news around VCs investing in crypto, starting with some of the biggest news this week -- Kathryn Haun's appointment as the new GP of Andreessen Horowitz, where she will be co-managing its new crypto fund -- and the various strategies that VC firms are using to invest in crypto.

Thank you to our sponsors!

Clarity PR: http://clarity.pr

Onramp: http://www.thinkonramp.com

Links from the episode:

The Zcon0 conference: https://z.cash.foundation/zcon/

Unchained episode with Zooko Wilcox: http://unchainedpodcast.co/zcashs-zooko-wilcox-on-why-he-believes-privacy-coins-will-be-used-more-for-good-than-bad

The "intent of code" is law post by Dan Larimer, CTO of Block.one, the company behind EOS: https://medium.com/@bytemaster/the-intent-of-code-is-law-c0e0cd318032

Katie Haun becoming the new GP at Andreessen Horowitz, where she will co-manage its new crypto fund: https://a16z.com/2018/06/25/katie-haun/

More on a16z crypto: https://techcrunch.com/2018/06/25/andreessen-horowitz-has-a-new-crypto-fund-and-its-first-female-general-partner-is-running-it-with-chris-dixon/amp/

Episodes with Katie:

Unconfirmed: http://unconfirmed.libsyn.com/sxsw-episode-former-doj-prosecutor-kathryn-haun-on-what-the-sec-subpoenas-and-fincen-letter-likely-mean

Unchained: http://unchainedpodcast.co/live-from-inforum-at-the-commonwealth-club-blockchain-and-cryptocurrency-the-basics-with-kathryn-haun


The different strategies VC firms are using to invest in crypto:


Jun 29, 2018
Behind the Tezos Scandal: Conflicts of Interest, Self-Dealing and Bullying - Ep.024

Gideon Lewis-Kraus, a contributing writer at Wired, came out with a cover story in the magazine earlier this week that investigated the actions of both sides in the Tezos boardroom battle. Lewis-Kraus walks us through the accusations on both sides and explains how the balance of the blame seems to lie with foundation head, Johann Gevers, who had numerous conflicts of interest, proposed an unjustified payment for himself and appears to have tried to revive his faltering company Monetas by riding on the coattails of Tezos's success with the ICO. Lewis-Kraus also tells us what he thinks are the big takeaways from the Tezos fight for other crypto entrepreneurs.

Gideon Lewis-Kraus: http://www.gideonlk.com

His Wired cover story: Inside the Crypto World's Biggest Scandal: https://www.wired.com/story/tezos-blockchain-love-story-horror-story/

Tezos: https://tezos.com

Thank you to our sponsor!

Onramp: http://thinkonramp.com

Jun 22, 2018
Coinbase's Adam White on a Momentous Day in Crypto - Ep.023

Adam White, vice president and general manager of Coinbase, explains why he believes the SEC's statement Thursday that ether, in its current form, is not a security, is a historic moment in crypto. Also, from his vantage point of being steeped in the industry but interacting regularly with institutional investors and regulators, he describes where crypto is right now and why he believes it will be moving from an investment phase to a utility phase. He also discusses Coinbase's many recent announcements, from the fact that it will soon be a regulated broker dealer, to the establishment of services for institutional investors such as Coinbase Custody, Coinbase Markets and Coinbase Prime, to its acquisition of decentralized relay Paradex. He also explains why Coinbase decided to list Ethereum Classic, gives an answer to the Twitter people requesting Coinbase list XRP, and describes the main developments he believes are necessary to bring established financial institutions into crypto trading.

Coinbase: https://www.coinbase.com/

Adam White: https://twitter.com/WhiteAdamL

The SEC's speech containing the line asserting that ether is, in its current form, not a security: https://www.sec.gov/news/speech/speech-hinman-061418

Coinbase's move toward becoming a regulated broker-dealer:


Announcement of Coinbase Custody, Coinbase Markets, Coinbase Prime, Coinbase Institutional Coverage Group: https://blog.coinbase.com/coinbase-institutional-deea317d23af

Coinbase's acquisition of Paradex: https://blog.coinbase.com/welcome-paradex-to-coinbase-62f16cc9bd74

Coinbase's announcement about Ethereum Classic: https://blog.coinbase.com/adding-ethereum-classic-support-to-coinbase-becb9a337e9c

Thank you to our sponsor!

Element Group: https://elementgroup.com/unconfirmed/

Jun 15, 2018
Joey Krug on How to Create a Regular Cryptocurrency - Ep.022

Joey Krug, cofounder of Augur and chief investment officer at Pantera Capital, talks about the upcoming Augur launch, and why we haven't yet seen a regular, non-deflationary, non-stablecoin cryptocurrency -- and how to create one. For instance, he says, an inflationary currency could distribute the inflation to particular groups. He also explains what the "impossible trinity" is and how an independent monetary policy in crypto might work. We also discuss new ways crypto projects are trying to solve the scalability problem  and he gives us his take on the polarizing EOS network.

Joey Krug: https://twitter.com/joeykrug

Augur: http://www.augur.net

Pantera Capital: https://www.panteracapital.com  

Basis: https://basis.io

Celer: https://www.celer.network

Counterfactual: https://counterfactual.com

Oasis Labs: https://www.oasislabs.com

Ankr: https://www.ankr.network

EOS: https://eos.io

Multicoin Capital on Unchained talking about tradeoffs: http://unchainedpodcast.co/multicoin-on-the-1-thing-crypto-teams-miss-in-their-quests-for-success

Thank you to our sponsor Element Group! https://elementgroup.com/unconfirmed/

Jun 08, 2018
Alex Gladstein of the Human Rights Foundation on the First Crypto War - Ep.021

Think Bitcoin and crypto assets are just vehicles for speculation? They're already having both a positive impact and negative impact when it comes to human rights, says Alex Gladstein, chief strategy officer for the Human Rights Foundation. Gladstein talks about how he first became enamored with Bitcoin because of its potential to solve hyperinflation, and why he believes Venezuela is the site of the world's first crypto war. He also covers why repressive governments are excited by centralized cryptocurrencies, why impact investing focused on the UN sustainable goals will not address human rights issues, and why blockchain-based elections, which many believe could be fair and transparent, could instead be terribly corrupt.




Blockstack on Unchained: http://unchainedpodcast.co/blockstack-on-getting-independence-from-google-facebook-and-amazon

Stablecoins and MakerDAO on Unchained: http://unchainedpodcast.co/why-its-so-hard-to-keep-stablecoins-stable

Roya Mahboob on Unchained: http://unchainedpodcast.co/how-bitcoin-solved-this-serial-entrepreneurs-problems

Bitcoin in Venezuela:




Data showing that Venezuela, at the time of this recording, accounts for 8.1% of all LocalBitcoins transactions: https://anacoinda.github.io/localbitcoins/all.html

The North Korean government using cryptocurrency:



Thank you to our sponsor!

Element Group: http://elementgroup.com/unconfirmed

Jun 01, 2018
Jill Carlson on How Crypto Is Replicating Wall Street -- And Not in a Good Way - Ep.020

Blockchain consultant, Jill Carlson, who has worked with 0x, dydx, Algorand, Tezos, O1 Labs, and the IMF, discusses why Blockchain Week to her seemed to be too much about Lambos and how crypto has reached its "illogical conclusion" and is replicating Wall Street's misbehaviors. Hence, the Department of Justice's investigation into the price manipulation of Bitcoin. However, she sees a bright spot in decentralized exchange, but believes blockchain-based credit is an area that needs further development -- and that relies on decentralized credit scoring.

Jill Carlson on Twitter: https://twitter.com/_jillruth

On Medium: https://medium.com/@jillcarlson

Jill on how crypto looks a lot like Wall Street: https://www.coindesk.com/growing-greed-crypto-looks-lot-like-wall-street/

DOJ investigation into possible price manipulation of Bitcoin: https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

Jill on blockchain-based credit:  


Jill on credit scoring in a decentralized world:


Thank you to our sponsor, Element Group!


May 25, 2018
Mike Novogratz on Why Incumbents Are Still Well Positioned to Participate in Crypto Finance - Ep.019

Mike Novogratz, the founder and CEO of Galaxy Digital Capital Management, talks about the recently announced Bloomberg Galaxy Crypto Index, why it's limited to just 12 cryptos, how traditional financial players know more about crypto than people believe they do, and how "the herd" is coming. He discusses the biggest obstacles to institutional money entering the space, how their entry will affect trading opportunities and and which types of stablecoins he believes are most promising. He also talks about why he's not very sanguine about custody solutions from Coinbase, why the market might go sideways for a while and why he wishes he'd invested in Telegram.

Mike Novogratz: https://twitter.com/novogratz

Listen to the Unchained episode with Wences Casares, the CEO of Xapo, which Novogratz mentions in the episode: http://unchainedpodcast.co/xapos-wences-casares-on-how-bitcoin-makes-a-fairer-world

Listen to the Unchained episode on BitGo, which Novogratz also mentions: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future

Thank you to our sponsor!  

Element Group: http://elementgroup.com/unconfirmed/

May 18, 2018
Battling Corruption With Blockchain Technology: Tomicah Tillemann of the Blockchain Trust Accelerator - Ep.018

Many government officials have noted the potential blockchain technology has to fight fraud, waste and abuse. Tomicah Tillemann, cofounder of the Blockchain Trust Accelerator, assembled an intimate group of 18 people at the Rockefeller Foundation's Bellagio Center to discuss the ways in which blockchains can be designed in a way that fulfills the technology's most idealistic potential to combat corruption and democratize access, whether to the financial system, the ability to vote or to a self-sovereign identity. He discusses the Blockchain Trust Accelerator's work with a blockchain-based voting system in West Virginia, and with enforcing labor rights via blockchain-based contracts in a pilot with Coca-Cola and the State Department.

Tomicah Tillemann: https://www.newamerica.org/our-people/tomicah-tillemann/

Blockchain Trust Accelerator: https://www.newamerica.org/bretton-woods-ii/blockchain-trust-accelerator/

The Rockefeller Foundation Bellagio Center: https://www.rockefellerfoundation.org/our-work/bellagio-center/

West Virginia Blockchain Voting Pilot: https://www.coindesk.com/west-virginia-piloting-blockchain-voting-app-in-senate-election/

Coca-Cola/State Department pilot on fighting forced labor with blockchains: https://www.reuters.com/article/us-blockchain-coca-cola-labor/coca-cola-u-s-state-dept-to-use-blockchain-to-combat-forced-labor-idUSKCN1GS2PY

Thank you to our sponsors!

Element Group: http://elementgroup.com/unconfirmed

Token Agency: http://tokenagency.com/

May 13, 2018
The UN World Food Programme's Blockchain-Based Food Vouchers for Syrian Refugees, With Robert Opp - Ep.017

Robert Opp, director of innovation and change management at the United Nations World Food Programme, discusses the Ethereum-based food voucher program for Syrian refugees. He describes how the refugees are identified, what they receive with their voucher, and how the system has allowed the program to save a half million dollars a year. He also gives a hint at how the program will be built on for other initiatives.

Robert Opp: https://www.itu.int/en/ITU-T/AI/Pages/opp.aspx

UN World Food Programme: http://it1.wfp.org/

Episode of Unchained with Vitalik Buterin, where he discusses the food voucher program for Syrian refugees: http://unchainedpodcast.co/vitalik-buterin-creator-of-ethereum-on-the-big-guy-vs-the-little-guy

Thank you to our sponsors!

Element Group: http://elementgroup.com/unconfirmed

Token Agency: http://tokenagency.com/

May 12, 2018
From the Bellagio Blockchain Summit: Blockchain Ethics With Georgetown's Cara LaPointe - Ep.016

Who sets up the rules of a blockchain? And how does that impact its users? Could there be unintended consequences? Might the design not account for the potential that bad actors will abuse it? These are questions that Cara LaPointe, a senior fellow at Georgetown University's s Beeck Center for Social Impact and Innovation, is about to release a framework for blockchain ethics. She and her team came up with six main areas of focus that blockchain designers should be considering from the outset, starting with governance, identity, data ownership and other factors. As Ethereum is facing the question of how the community should decide what to do with frozen funds or a potential cap on the money supply, LaPointe has some suggestions for how the major players should proceed. She also talks about the dangers of artificial intelligence combined with blockchains.

We spoke at the Rockefeller Foundation's Bellagio Center in Italy, at the Blockchain Summit hosted by New America's Blockchain Trust Accelerator.

Cara LaPointe: http://beeckcenter.georgetown.edu/cara-lapointe/

The Blockchain Ethical Design Framework for Social Impact: http://beeckcenter.georgetown.edu/building-ethical-design-blockchain/

Thank you to the Blockchain Trust Accelerator: https://trustaccelerator.org/

Thank you to the Bellagio Center: https://www.rockefellerfoundation.org/our-work/bellagio-center/

Thank you to our sponsors!

Element Group: http://elementgroup.com/unconfirmed

Token Agency: http://tokenagency.com/

May 11, 2018
From the Multicoin Summit: Ryan Selkis of Messari on How to Fund Sustainable Journalism - Ep.015

Ryan Selkis of blockchain standards organization Messari explains why he jumped into a public debate between CoinDesk editor Pete Rizzo and Vitalik and Ethereum, in which Vitalik criticized CoinDesk for charging high prices for its Consensus conference. He also names some blockchain-based media efforts that can bring new solutions to the media industry and discussion how token-curated registries play a role.

Messari: https://messari.io/

Vitalik's tweets about skipping Consensus: https://twitter.com/VitalikButerin/status/989525778424451072

The Washington Post tweet storm and article that Ryan and I discuss:



Thank you to our sponsor, Token Agency!


May 07, 2018
Civic's Vinny Lingham on When Crypto Demand Will Catch Up With the Technology

Vinny Lingham, the founder and CEO of blockchain-based identity service Civic, talks about how he hasn't seen token projects find good product-market fit yet, and gives us a sneak preview of how Civic is trying to solve that problem for itself. (Apparently, an announcement is in the works.) He also discusses how Multicoin Capital, where he is a general partner, takes this view into account when investing and why the firm is a proponent of EOS, set to launch in June. We also dive into why he is bullish on EOS, which is fairly centralized, even though he also supports Bitcoin for its censorship-resistant qualities.

Civic: https://www.civic.com/

Multicoin: https://multicoin.capital/

Multicoin's EOS analysis and valuation: https://multicoin.capital/2018/04/24/eos-analysis-and-valuation/

Thank you to our sponsor, Quantstamp!


May 04, 2018
Hu Liang of Omniex on What Institutional Players Are Planning to Do in Crypto

Formerly head of emerging technology at State Street, Hu Liang is now launching Omniex, which offers tools for institutional investors in crypto. He talks at the Time Summit in Greenwich, Connecticut, about the four quadrants of activity he sees in the crypto space, why he thinks private blockchains will still be disruptive, and what institutional players are planning to do in crypto in 2018. He also discusses what concerns they have about getting involved and what Omniex is building to serve them.

Omniex: https://omniex.io

Hu’s CoinDesk article on how he categorized the activity in the crypto space: https://www.coindesk.com/four-quadrants-dividing-conquering-crypto-universe/amp/

We spoke at the Time Summit by Bridge Alternatives: 



Thank you to today’s sponsors!

Onramp: http://www.thinkonramp.com

Quantstamp: http://quantstamp.com

Apr 27, 2018
Don Wilson of DRW Holdings on What's Been Driving 2018's Crypto Downturn

At the CoinAlts Fund Symposium in New York City on Thursday, Don Wilson, CEO of DRW Holdings, discussed what hopeful signs he's seeing amid greater regulatory uncertainty, what crypto regulations in other jurisdictions he finds smart, and how the regulatory cloud is affecting the decisions of institutional investors. He also described how DRW's customers changed over 2017, and why the market has dropped in 2018.

DRW: https://drw.com

SEC Chairman Jay Clayton's recent statements on tokens evolving toward and away from a security: https://www.coindesk.com/sec-chief-not-icos-bad/

More on BitGo's acquisition of Kingdom Trust:


CoinAlts Fund Symposium: https://www.coinaltsfundsymposium.com

Thank you to our sponsors, Onramp and Quantstamp:



Apr 20, 2018
How Meltem Demirors Uncovers True Value in Crypto Investments

Meltem Demirors of Athena Capital and recently of Digital Currency Group explains how the crypto world is creating artificial scarcity and how investors can uncover the true scarcity (or lack thereof). She describes why many projects have not yet able to create natural demand and how the downturn has affected many of their balance sheets. She also talks about how she's looking for investments and businesses that aren't necessarily sexy but will make money in both bull and bear markets -- and reveals what types of businesses fit that description.

Some recent writing and presentations in which Meltem elaborated on these thoughts: https://medium.com/@Melt_Dem/drowning-in-tokens-184ccfa1641a


The Carlota Perez book we mention: https://www.e-elgar.com/shop/technological-revolutions-and-financial-capital

OnChainFX: https://onchainfx.com/ 

Thank you to our sponsors!

Quantstamp: https://quantstamp.com/

Onramp: http://thinkonramp.com/

Apr 13, 2018
Chris Burniske of Placeholder on the Downsides of ICOs

Chris Burniske, partner at Placeholder and author of Cryptoassets, discusses why he thinks initial coin offerings may not always be the best token distribution model, why he's more interested in projects that enable users to earn tokens through contributing to the network, and how token distribution models can be designed to take advantage of the democratizing potential of blockchains. We also discuss why Placeholder uses a ten-year time horizon as it invests in these liquid markets and why regulators may someday have to buy tokens.

Placeholder: https://www.placeholder.vc/

TPL: https://blog.zeppelin.solutions/tpl-a-framework-for-secure-peer-to-peer-exchange-7c69fd0aebc9

Messari: https://messari.io/

Harbor/R-token standard: https://harbor.com/

R-token white paper: https://harbor.com/rtokenwhitepaper.pdf

Apr 06, 2018
Ari Paul of BlockTower Capital on the Crypto Downturn and Why It Could Change Direction

Ari Paul, CIO of BlockTower Capital, discusses the slump in crypto prices, and how infrastructure rolling out over the rest of the year could have a positive effect on the market. He also describes how BlockTower Capital thinks about security for its assets and what risks they consider. Additionally, we discuss the movement in some parts of the crypto community to build coins to be ASIC-resistant and whether or not that could adversely affect the security of those tokens.

BlockTower Capital: https://blocktower.com/

More info on custody solutions and how they could affect the development of the space: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future 

Coins sorted by percent down from all-time high: https://onchainfx.com/v/aiTLnb

The Carlota Perez book, Technological Revolutions and Financial Capital: https://www.e-elgar.com/shop/technological-revolutions-and-financial-capital 

Movements toward ASIC resistance:

Monero: https://www.coindesk.com/crypto-kill-switch-monero-going-war-big-miners/

Ethereum -- Bitmain may have created an Ethereum ASIC miner: https://finance.yahoo.com/news/bitmain-developed-ethereum-asic-miner-194845158.html

Discussion around whether to hard fork Ethereum to make ASICs obsolete: https://www.reddit.com/r/ethereum/comments/87ucsk/would_you_support_a_hard_fork_that_obsceletes_eth/

Twitter poll on whether or not to hard fork: https://twitter.com/VladZamfir/status/979060233430552576

Siacoin's decision not to soft fork to invalidate Bitmain's new Siacoin miners: https://blog.sia.tech/response-to-the-sia-community-and-bitmain-653a12284098

Its previous blog post on why ASICs were good for security: https://blog.sia.tech/choosing-asics-for-sia-b318505b5b51

Thank you to our sponsors:

Onramp: http://thinkonramp.com/

Quantstamp: https://quantstamp.com/

StartEngine Summit: http://www.startenginesummit.com/

Mar 30, 2018
Arianna Simpson of Autonomous Partners on Privacy, Cryptokitties and Crypto Regulation

Arianna Simpson, managing partner of investment firm Autonomous Partners, discusses this week's news that Cambridge Analytica had used data from Facebook to perhaps manipulate the 2016 election and whether that could create an opening for blockchain-based decentralized social networks. We also cover the announcement that Andreessen Horowitz, Union Square Ventures and top individual investors invested $12 million in Cryptokitties and why Simpson thinks the area of digital collectibles could take off.

The Facebook/Cambridge Analytica story: https://www.nytimes.com/2018/03/17/us/politics/cambridge-analytica-trump-campaign.html

Cryptokitties: https://www.coindesk.com/a16z-leads-12-million-funding-for-ethereum-app-cryptokitties/

Why Arianna isn't worried about the downturn: https://www.marketwatch.com/story/the-smart-money-isnt-worried-about-the-bitcoin-selloff-2018-03-19?siteid=rss

Thank you to the sponsors of today's episode:

Preciate: ​​​​https://preciate.org/ and https://preciate.org/recognize/

Quantstamp: https://quantstamp.com/

Mar 23, 2018
Caitlin Long on How 'Utility Tokens' Are Now Legal In Wyoming

Wyoming now has five blockchain-specific laws. Caitlin Long, cofounder of the Wyoming Blockchain Coalition, describes what these laws are, what they mean, and how our least populous state became a crypto leader. The former chairman and president of Symbiont explains what this could mean for any project that aims to launch a utility token, whether or not ICOs held in Wyoming would only be available to Wyoming residents, and what big issue she thinks remains for the SEC to address.

Caitlin Long: https://www.linkedin.com/in/caitlin-long-/

To read the laws: https://legiscan.com/WY/bill/HB0070/2018

An op-ed Caitlin co-authored with WY House Rep. Tyler Lindholm: https://www.coindesk.com/haven-blockchain-case-wyoming/

Thank you to our sponsors, Onramp http://www.thinkonramp.com/ and Quantstamp: https://quantstamp.com/

Mar 16, 2018
SXSW Episode: Amber Baldet, Blockchain Program Lead at JPMorgan, on the Potential Clash Between Blockchains and the Right to Be Forgotten

Amber Baldet, JPMorgan Chase blockchain program lead, talks about what she was discussing at SXSW with Hyperledger executive director Brian Behlendorf and what themes she heard at the Ethereum Community Conference in Paris. She talks about privacy in financial transactions, how "immutable" blockchains might conflict with a new EU privacy law granting people the "right to be forgotten." And we briefly touch on her work with Jalak Jobanputra's new diversity-focused group Collective Future. 

Privacy on Ethereum: https://www.coindesk.com/progress-hot-ethereum-privacy-projects-cooling-off/

The Collective Future: https://www.wired.com/story/for-women-in-cryptocurrency-a-new-effort-to-grow-their-ranks/


Thank you to our sponsors: Preciate https://preciate.org/ which is seeking suggestions for who to appreciate at https://preciate.org/recognize/

and Quantstamp: https://quantstamp.com/ 

Mar 15, 2018
SXSW Episode: Former DOJ Prosecutor Kathryn Haun on What the SEC Subpoenas and FinCen Letter Likely Mean

As a former government official, current board member of Coinbase and professor at the Stanford University Graduate School of Business, Kathryn Haun has a unique and varied view of the crypto space. She doesn't necessarily see the SEC subpoenas as a reason to be alarmed and compares it to her work as a federal prosecutor. We also discuss the FinCen letter and why her take is different from the fear we've seen in the marketplace.

SEC issues 80 subpoeast: https://www.wsj.com/articles/sec-launches-cryptocurrency-probe-1519856266?mod=searchresults&page=1&pos=1

The FinCen letter: https://coincenter.org/link/fincen-raises-major-licensing-problem-for-icos-in-new-letter-to-congress

Thank you to our sponsors: Preciate https://preciate.org/ which is seeking suggestions for who to appreciate at https://preciate.org/recognize/

and Quantstamp: https://quantstamp.com/ 

Mar 14, 2018
Spencer Bogart on Bitcoin's Maturation and the SEC Overhang on Crypto

Spencer Bogart, partner at Blockchain Capital, discusses why he think Bitcoin's growing pains are a sign of success, how the SEC regulatory gloom could affect the development of crypto and how a liquidity crunch could affect crypto hedge funds. We also take a peek at the coming platform wars.

Blockchain Capital: http://blockchain.capital/

New crypto hedge funds: https://hackernoon.com/the-fate-of-crypto-hedge-funds-ca5850e8421c

Mar 09, 2018
The Gender Imbalance in Crypto: Jalak Jobanputra on Why It's a Problem and Her Effort to Fix It

Future Perfect Ventures' founder and managing partner Jalak Jobanputra and I discuss the New York Times article earlier this week about how few women there are in crypto. We discuss some of the surprising comments we saw from women in the space who wish the story hadn't been written and Jobanputra's new effort to increase diversity in crypto, The Collective Future.

The New York Times article:


Jutta Steiner's tweet: https://twitter.com/jutta_steiner/status/968158503096471553

Meltem Dermirors' tweet: https://twitter.com/Melt_Dem/status/967983438945968130

Elizabeth Stark's tweet: https://twitter.com/starkness/status/968307972597272576

Wired article about The Collective Future: https://www.wired.com/story/for-women-in-cryptocurrency-a-new-effort-to-grow-their-ranks/

Mar 02, 2018
Brian Kelly on Token-Curated Registries, Robinhood Crypto Trading and the Petro

Brian Kelly of BKCM talks about token-curated registries, such as the proposal for Messari, by Ryan Selkis, formerly of Digital Currency Group and CoinDesk, and why such TCRs are probably a good idea, but what pitfalls they may face. We also discuss the highly anticipated launch of crypto trading on Robinhood and look behind the scenes at Venezuela's new crypto offering, the petro.

Token curated registries:

Proposal for Messari: https://medium.com/@twobitidiot/a-token-to-self-regulate-tokens-but-really-a61da77e6a7b

TCRs generally: https://medium.com/@ilovebagels/token-curated-registries-1-0-61a232f8dac7

A curated list of resources on TCRs: https://medium.com/@tokencuratedregistry/the-token-curated-registry-whitepaper-bd2fb29299d6

Robinhood launches crypto trading: http://blog.robinhood.com/news/2018/2/21/robinhood-crypto-trading-is-here



A good tweet storm on some of the issues surrounding the petro's launch: https://twitter.com/alemacgo/status/966072887319973891

Some meeting having to do with the petro that Laura found amusing -- the guy's smiles begin around 00:25: https://twitter.com/infrabolivar/status/965777624516759552

Feb 23, 2018
Olaf Carlson-Wee on Whether $100 Million Worth of Frozen Ether Should Be Restored

The founder and CEO of Polychain Capital discusses why an Ethereum core developer is stepping down, how blockchains should be governed and whether speculators and users have equal weight in crypto communities. We also discuss an op-ed that suggests a new crypto-specific regulatory body, and whether or not it's safe for Salon.com to be asking its readers who use ad-blockers to give computer power so Salon.com can mine Monero.

Governance issue:



NYT op-ed suggesting a new crypto-specific regulatory body:


Salon.com mining Monero


Polychain Capital


Feb 16, 2018

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Weekly Insights and Analysis From the Top Minds in Crypto. 

Events in crypto take place at warp speed. This weekly crypto podcast reveals how the marquee names in crypto are reacting to the week’s top headlines. With host Laura Shin, the guests also discuss what they’re thinking about these days and reveal what they believe is on the horizon in crypto.

Host Laura Shin - Independent journalist covering crypto (crypto assets, Bitcoin, Ethereum, ICOs, tokens), and host of the podcasts Unchained and Unconfirmed.

Feb 09, 2018