Unchained

On Unchained, two co-founders of Solana Labs, Anatoly Yakovenko and Raj Gokal, dive deeply into the Solana ecosystem, discussing everything from the price of SOL to the Solana network outage to the competition between Ethereum and Solana. Show highlights:

• why Raj thinks SOL’s market cap grew from $86 million to $68 billion in less than a year
• Anatoly’s and Raj’s background and how they found themselves working together to build Solana
• why Anatoly thinks Solana will be a general-purpose blockchain rather than specializing in gaming or high frequency trading
• Anatoly’s goal to make Solana the first billion-user blockchain
• why Raj thinks NFTs on Solana have been so popular
• why, in the opinion of Raj and Anatoly, Solana’s purpose has shifted away from high-frequency trading
• how NFTs could replace ads
• why “everything is DeFi”
• how Solana Labs plans to allocate the recent $314 million funding round it raised
• what lessons Anatoly learned from the 18-hour September network outage
• technically speaking, what happened to cause Solana’s network outage
• why Anatoly believes that outages, at this stage, aren’t necessarily a bad thing
• whether “trading mercenaries” dominated at Solana Breakpoint
• why developers are interested in building on Solana
• how Solana and Ethereum compare as execution and settlement layers
• why Raj doesn’t like framing competition between Solana and Ethereum as a fight
• how Anatoly views the competition between Ethereum and Solana
• whether the arrival of Neon Labs, which is bringing EVM to Solana, could lead to developers leaving Ethereum
• how NFTs and Phantom wallets are bringing in new users for Solana
• whether Raj and Anatoly would roll back Solana if something like Ethereum’s DAO hack were to occur
• why Solana has the competitive advantage in throughput, according to Anatoly
• what would happen if FTX cofounder and CEO Sam Bankman-Fried gave up on Solana
• their predictions for Solana five years from now

Thank you to our sponsors!

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Brave: http://brave.com/Unchained

Episode Links:

Anatoly Yakovenko

• https://twitter.com/aeyakovenko 

Raj Gokal

• https://twitter.com/rajgokal 

Solana News

• Anatoly Yakovenko -- ​​ It ‘doesn’t really matter’ if the network goes down again
• • https://www.theblockcrypto.com/post/124887/solana-labs-ceo-it-doesnt-really-matter-if-the-network-goes-down-again 
• Neon Labs
• • https://www.theblockcrypto.com/post/123744/neon-labs-developer-of-ethereum-virtual-machine-on-solana-raises-40-million
  • • Aave + SushiSwap going to Solanas through Neon Labs
    • • https://twitter.com/joselitommutuc/status/1462043806207938563 
• Solana + Brave integration
• • https://decrypt.co/85538/privacy-browser-brave-expands-beyond-ethereum-solana 
• ATH at $260
• • https://decrypt.co/85457/solana-hits-all-time-high-of-260 
• Solana Breakpoint
• • https://www.coindesk.com/business/2021/11/15/solana-throws-a-three-day-party-for-itself/ 
  • https://www.cryptoglobe.com/latest/2021/11/solana-network-highlights-from-breakpoint-conference-paint-a-very-healthy-picture/ 
  • https://decrypt.co/85934/the-view-from-solana-week-in-lisbon 
• FTX US + Solana NFTs
• • https://www.theblockcrypto.com/post/120044/ftx-us-launches-marketplace-for-trading-solana-based-nfts 
• Solana Outage
• • The Block’s coverage
  • • https://www.theblockcrypto.com/linked/117711/solana-blockchain-validators-restart-network-after-transaction-stoppage 
    • https://www.theblockcrypto.com/linked/117624/solana-experiences-transaction-stoppage-as-developers-report-intermittent-instability 
  • Why the mainnet went down
  • • https://twitter.com/buffalu__/status/1437792673784549383  
  • Potential ramifications
  • • https://twitter.com/CometShock/status/1437870278684590091 
  • Anatoly Yakovenko Solana outage tweets
  • • https://twitter.com/aeyakovenko/status/1437887482897518595
    • https://twitter.com/aeyakovenko/status/1437784552324358155
    • https://twitter.com/aeyakovenko/status/1438496595360862215
    • https://twitter.com/aeyakovenko/status/1438465508412739588
    • https://twitter.com/aeyakovenko/with_replies 
• Solana $314M Fundraise
• • https://www.theblockcrypto.com/post/107749/solana-labs-raises-314-million-funding-a16z-polychain-capital 

Solana Topics

• Raj thinks Ethereum cannot be killed
• • https://twitter.com/rajgokal/status/1458420316569489410
• NFT Growth
• • https://twitter.com/masonnystrom/status/1455556328404013057 
  • https://twitter.com/masonnystrom/status/1459157853848195079 
  • Pplpleasr
  • • https://decrypt.co/85964/the-collectoooooor-pplpleasr-latest-nft-art-solana-ethereum 
• Investment in gaming
• • Forte
  • • https://decrypt.co/85966/cosmos-solana-ventures-join-725m-series-b-crypto-gaming-platform-forte 
  • Alexis Ohanian investment
  • • https://www.fool.com/the-ascent/cryptocurrency/articles/why-reddit-co-founder-alexis-ohanian-will-invest-100-million-in-solana-social-media/ 
  • FTX + Solana
  • • https://decrypt.co/85302/ftx-solana-ventures-lightspeed-100m-crypto-gaming 
• Phantom wallet hits 1M+ users
• • https://decrypt.co/85563/phantom-wallet-preps-mobile-launch-reaching-million-users-solana

Solana Basics

• CoinMonk: https://medium.com/coinmonks/solana-more-update-for-sol-becb65024877 
• Solana Labs: https://medium.com/solana-labs/proof-of-history-a-clock-for-blockchain-cf47a61a9274 
• The Tie: https://research.thetie.io/solana-ecosystem/ 
• Binance.Research: https://research.binance.com/en/projects/solana 
• Genesis Block: https://genesisblockhk.com/what-is-solana/ 
• Block Explorers: https://explorer.solana.com/supply + https://solanabeach.io/supply + https://solanalysis.com/ 
• Messari: https://messari.io/article/the-perpetual-sol-rise

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Maren Altman is a professional astrologer and crypto trader. On Unchained, she discusses her end-of-year price target for Bitcoin, how crypto fits into her natal chart, and how she uses planets to divine the price movement of crypto assets. Highlights:

• why Maren believes she was born to trade cryptocurrencies
• how long-term planetary transits explain the rise of cryptocurrency
• why the transits of Uranus, North Node, and Jupiter could lead to a big, extremely innovative “metaverse/cyber pandemic/internet of things” development in spring 2023
• how Maren determines the “natal chart” (a birth chart that determines a person or entity’s astrological chart) for cryptocurrencies
• how Maren uses astrology to trade cryptocurrencies
• Maren’s price prediction for BTC for the end of the year
• what astrological factors make Maren think BTC could crash after December 30th
• Maren’s EOY projections for ETH
• what Maren thinks about crypto regulation
• why Maren thinks CBDCs are inevitable
• whether Maren feels giving alpha for free via TikTok hurts her trading

Thank you to our sponsors!

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Episode Links

Maren Altman

• TikTok: https://www.tiktok.com/@marenaltman
• Twitter: twitter.com/marenaltman  
• Instagram: https://www.instagram.com/marenaltman/ 
• Youtube: https://www.youtube.com/c/MarenAltman

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Two tokenomics experts, Yan Liberman, co-founder of Delphi Digital, and Viktor Bunin, protocol specialist at Coinbase Cloud, discuss their experiences building tokens, their thoughts on the recent ENS/PSP airdrops, and what “fair” token distribution looks like. Show highlights:

• the definition of tokenomics
• what factors (such as utility, fairness, liquidity, security, etc.) token designers are incentivizing for
• what Yan learned from helping design Astroport tokenomics
• what Vikor learned from helping design Threshold, the token that was built to facilitate the merge of NuCypher and Keep
• how the EIP 1559 burn has changed Ethereum’s tokenomics
• how EIP 1559 has improved investor outlook for Ethereum
• why Viktor is worried about people actually using Ethereum going forward
• what Viktor and Yan think about how the ENS airdrop farming issue was handled
• what Viktor and Yan think about ParaSwap’s PSP airdrop and why Viktor thinks ParaSwap made a “mistake”
• how Viktor and Yan would go about airdropping a token to good actors instead of bad actors
• how improvements in on-chain identity could help future airdrops 
• fair launch tokens versus VC-backed tokens
• what the definition of fair is in terms of tokenomics
• why Viktor thinks a token’s distribution is more important than a token’s launch
• what could be the optimal way to distribute liquidity mining rewards
• how community affects tokenomics
• how to incentivize NFT-based tokens, like the forthcoming Bored Ape Yacht Club token, for the right goals 

Thank you to our sponsors!

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Yan Liberman -- co founder at Delphi Digital

• LinkedIn: https://www.linkedin.com/in/yanliberman
• Twitter: https://twitter.com/yanliberman 

Viktor Bunin -- protocol specialist at Coinbase (Bison Trails)

• LinkedIn: https://www.linkedin.com/in/viktorbunin 
• Twitter: https://twitter.com/ViktorBunin 

Tokenomics 101 Primers:

• The Tie: https://research.thetie.io/token-economics/ 
• Smith and Crown: https://smithandcrown.com/research/issues-of-fairness-in-token-distribution/ 
• A Timeline of Token Distributions: https://blog.coinlist.co/the-evolution-of-token-distribution-models/ 

Recent Airdrops + Airdrop farming

• PSP:  
• • https://medium.com/paraswap/introducing-the-psp-token-to-make-paraswap-even-more-efficient-and-decentralized-c4730e50be72 
• ENS: https://twitter.com/ensdomains/status/1457862602239926274
• • https://twitter.com/nicksdjohnson/status/1456424366850281488 

Airdrop Farming

• Potential airdrops coming up: 
• • https://www.coindesk.com/business/2021/11/09/missed-the-ens-airdrop-here-are-the-crypto-projects-rumored-to-decentralize-next/ 
  • https://newsletter.banklesshq.com/p/the-ultimate-guide-to-airdrops
  • https://www.trustnodes.com/2021/11/14/ethereans-sneak-to-zksync-for-airdrop-farming 
• PSP drop w/ heavy requirements
• • ​https://www.coindesk.com/tech/2021/11/15/dex-aggregator-paraswap-launches-psp-token-on-heels-of-ens-airdrop-excitement/  
• ENS Blacklist
• • https://twitter.com/nicksdjohnson/status/1456048492141441027 

Topics Mentioned

• Astroport tokenomics
• • https://astroport.medium.com/hello-astro-announcing-the-astroport-governance-token-drops-a07a1bf3ed94
• NuCypher + Keep merge
• • https://decrypt.co/73800/forget-hard-fork-what-happens-after-kee-nucypher-hard-merge
• SushiSwap vampire attack
• • https://finematics.com/vampire-attack-sushiswap-explained/ 
• Tokemak tokenomics
• • https://medium.com/the-capital/defi-2-0-is-it-the-next-wave-of-cryptocurrency-4499e838ea44 

Miscellaneous

• What is liquidity mining?
• • https://medium.com/coinmonks/what-is-liquidity-mining-and-how-does-it-work-d0ab491e607 
• The Internet of Money (recommended by Viktor)
• • https://theinternetofmoney.info/ 

Other Fun Topics 

• How Token Governance Mechanisms can be implemented
• https://outlierventures.io/research/what-is-the-secret-to-building-valuable-tokens-part-2/
• Crypto Gaming economics
• https://outlierventures.io/research/p2e-2-0-a-new-economic-model-for-gaming-based-on-crypto-tokens/ 
• Does farming represent progress in token distribution?
• https://smithandcrown.com/research/adaptations-in-token-distribution-mechanisms-does-farming-represent-progress/ 
• Should treasuries hold native tokens?
• https://twitter.com/AntonioMJuliano/status/1460278949867442182 

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Will Papper, SyndicateDAO co-founder and ConstitutionDAO contributor, tells the story of how a group of internet friends came together as a DAO to crowdfund a $41 million bid at a Sotheby’s auction for a physical copy of the US Constitution. Show highlights:

• how Will and other ConstitutionDAO members feel after losing the auction
• the significance of ConstitutionDAO despite its loss
• whether Will knows who the other bidder was
• why museums began reaching out to ConstitutionDAO and seem to be excited about DAOs moving forward
• why there was so much confusion over who was the bidder for the DAO and whether it had won
• why ConstitutionDAO did not bid more than $41 million -- even though the crowdfund was at nearly $50 million
• why ConstitutionDAO did not have a crypto-whale help keep the bidding war going
• how ConstitutionDAO plans to refund participants
• what Will thinks about using a layer 2 solution to refund ETH for ConstitutionDAO donations
• how the idea for ConstitutionDAO came about
• what role Will had in the formation of ConstitutionDAO
• what lessons can be learned from ConstitutionDAO
• what’s next for DAOs in general

Thank you to our sponsors!

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Episode Links

Will Papper

• Twitter: https://twitter.com/WillPapper
• LinkedIn: https://www.linkedin.com/in/wpapper 

ConstitutionDAO

• Twitter: https://twitter.com/ConstitutionDAO 
• Website: https://www.constitutiondao.com/ 
• Contribution page: https://juicebox.money/#/p/constitutiondao 

Sotheby’s Auction

• YouTube: https://www.youtube.com/watch?v=1TBa-9Lx3vc 

ConstitutionDAO’s Statement After Losing Auction

• ​​https://twitter.com/ConstitutionDAO/status/1461527516670316544 
• https://twitter.com/ConstitutionDAO/status/1461498841820192771 

Press

• Not Boring: https://www.notboring.co/p/lets-buy-the-us-constitution 
• Stratechery: https://stratechery.com/2021/constitutiondao-the-need-for-trust-memes-and-reality/ 
• New York Times: https://www.nytimes.com/2021/11/17/business/crypto-constitution-sothebys.html?smid=tw-share
• Wall Street Journal: https://www.wsj.com/articles/crypto-investors-want-to-buy-rare-copy-of-u-s-constitution-at-sothebys-auction-11637071590 
• The Defiant: https://thedefiant.io/dao-constitution-4m/
• CoinDesk: https://www.coindesk.com/tech/2021/11/15/i-think-were-doing-this-inside-one-daos-20m-plot-to-purchase-the-us-constitution/ 
• William Lobkowicz tweet thread: https://twitter.com/WRLobkowicz/status/1461401142953402371 

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Jose Fernandez da Ponte, PayPal’s senior vice president and general manager of blockchain, crypto, and digital currencies, discusses PayPal’s crypto game plan, how CBDCs might be implemented, crypto regulations, and more. Show highlights:

• Jose’s path to becoming the GM of blockchain, crypto, and digital currencies at PayPal
• what factors led to PayPal’s decision to launch its crypto offering
• what sort of customer makes up PayPal’s crypto demographic
• how users are engaging with the various PayPal crypto services, like crypto-rewards cards
• whether the introduction of crypto had anything to do with Venmo’s 36% jump in volume during Q3 2021
• how PayPal interacts with Paxos on the backend to settle crypto transactions
• why Jose thinks PayPal has decided to not add cryptocurrency to its balance sheet
• how crypto transactions work within PayPal’s internal ledger and how that might change once PayPal launches support for withdrawals off-platform 
• the three types of directions that Jose believes stablecoins and CBDCs could be built
• what solutions would need to be built before PayPal would consider issuing its own stablecoin
• what scaling technologies, be it L1 or L2, PayPal is interested in
• whether stablecoins and CBDCs can/will co-exist
• Jose’s thoughts on how long it will be before CBDCs are being issued
• why Jose thinks that new regulation might be necessary for cryptocurrencies
• whether PayPal will be participating in decentralized activities, such as on-chain governance
• why Jose thinks that PayPal’s crypto offering could help improve financial inclusion -- especially for smaller companies
• why Jose and PayPal are excited about NFTs
• how PayPal will decide to support new cryptocurrencies on its platform
• what Jose thinks PayPal’s crypto offering could look like in the future

Thank you to our sponsors!

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Episode Links

Jose Fernandez da Ponte

• LinkedIn: https://www.linkedin.com/in/jose-fernandez-da-ponte-a46ba81/

PayPal Crypto Basics

• Homepage:
• https://www.paypal.com/us/digital-wallet/manage-money/crypto
• FAQs: 
• https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398
• https://www.paypal.com/us/smarthelp/topic/MY_WALLET_PER 
• Terms + Conditions: 
• https://www.paypal.com/us/webapps/mpp/ua/cryptocurrencies-tnc
• Venmo Crypto: 
• https://venmo.com/about/crypto/  
•  

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Sam Trabucco, co-CEO of Alameda Research, discusses the different price drivers that led to BTC, ETH, SOL, and LUNA reaching new all-time highs in the past week. Show highlights:

• why Sam believes no bad news from regulators is good news
• what effect leverage has on the crypto markets
• the significance of Bitcoin hitting a new all-time high and the crypto market cap reaching $3 trillion
• how the approval of a bitcoin futures ETF affected the crypto market
• what Sam thinks about the actions of US crypto regulators (hint: it’s probably not what you would think)
• why Sam thinks ETH’s price hit a new all-time this week
• what Sam thinks about the changes to ETH monetary policy and the upcoming merge to Ethereum 2.0 
• how Sam views the competition among layer 1 blockchains and why he is not a fan of maximalism
• what factors he believes are driving the price of SOL 
• what sort of projects are being built on Solana, and why people are excited about the ecosystem 
• what Sam thinks about Terra passing a proposal to burn LUNA

Thank you to our sponsors!

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Sam Trabucco

• LinkedIn: https://www.linkedin.com/in/sam-trabucco-79215263/
• Twitter: https://twitter.com/AlamedaTrabucco

Alameda Research

• Website: https://www.alameda-research.com/ 
• Twitter: https://twitter.com/AlamedaResearch 

Recent all-time highs:

• BTC: https://www.yahoo.com/now/bitcoin-sets-time-high-above-152238016.html
• ETH: https://fortune.com/2021/11/08/ethereum-all-time-high-bitcoin-btc-ether-spot-etf/ 
• SOL: https://decrypt.co/85457/solana-hits-all-time-high-of-260
• LUNA: https://www.coindesk.com/markets/2021/11/10/terra-passes-highly-anticipated-proposal-to-burn-nearly-89m-luna/

Links mentioned:

• Alexis Ohanian’s Solana investment: https://www.forbes.com/newsletters/forbescryptoassetadvisor/2021/11/09/reddit-co-founder-alexis-ohanian-bets-big-on-solana-and-web-30/ 
• Breakpoint conference: https://www.cryptoglobe.com/latest/2021/11/solana-network-highlights-from-breakpoint-conference-paint-a-very-healthy-picture/ 
• Sam Bankman-Fried on Solana: https://finance.yahoo.com/news/solana-ethereum-rival-price-rising-bitcoin-000139765.html 
• Sam Trabucco on leverage trading: https://twitter.com/AlamedaTrabucco/status/1451281805584310273 

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At Non-Fungible Castle 2021, an NFT exhibition in Prague, four NFT experts debate some of the hottest topics in the metaverse, like how to value NFTs, whether insider trading exists, what makes Ethereum-based NFTS so special, and the environmental impact of NFTs. 

Guests include Maria Paula Fernandez, co-founder at JPG, Kavita Gupta, cofounder of FINTECH.TV, Oliver Halsman Rosenberg, artist, and Gmoney, an NFT collector. Show highlights:

• what an NFT is 
• why NFTs have value
• what the “myth of decentralization” has to do with NFT valuation
• why collectors like gmoney prefer to collect NFTs on Ethereum vs. other chains
• how provenance and IP rights interact with value
• why gmoney thinks Solana Punks are like fake Chanel bags
• what “owning an NFT” actually means
• whether newbies need to be protected from buying scam NFTs
• the “rite of passage” of falling pretty to a rug pull and the concept of “do your own research” (DYOR)
• what can be done about insider-trading-like activities in NFTs
• how to navigate public-facing blockchains when your address is doxed
• different ways to link off-chain assets to NFTs
• what the crypto industry can do to better understand the NFT impact on climate change

Thank you to our sponsors!

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

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Episode Links

Non-Fungible Castle 2021

• Website: https://www.nfcastle.com/
• Conference recordings: https://www.nfcastle.com/conference
• Twitter: https://twitter.com/nf_castle 
• Tweet thread of Laura’s experience at NFCastle 2021: 
• • https://twitter.com/laurashin/status/1449731658928824320 

Maria Paula Fernandez

• Medium: https://mariapaulafernandezneglia.medium.com/
• LinkedIn: https://www.linkedin.com/in/mar%C3%ADa-paula-fern%C3%A1ndez-no-social-selling-please-a96a8034/  

Kavita Gupta

• Twitter: https://twitter.com/KavitaGupta19 

Oliver Halsman Rosenberg

• Instagram: https://www.instagram.com/oliver_halsman_rosenberg/?hl=en 
• LinkedIn: https://www.linkedin.com/in/oliver-halsman-rosenberg-940a0935 

gmoney

• https://twitter.com/gmoneyNFT 

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At Non-Fungible Castle 2021, an NFT exhibition in Prague, four NFT experts discuss the legal implications of NFTs. Guests include Jonathan Victor, product/business development at Protocol Labs; Louis Baudoin, advisor at Monax; Diana Stern, product counsel at Stripe; and Shant Marootian COO at Fractional.art. Show highlights:

• what users are receiving with the purchase of an NFT
• how the terms of service for different NFT marketplaces change NFT rights
• how on-chain storage and off-chain storage affects NFT ownership
• what rights do creators need to mint an NFT
• what recourse creators have if someone mints their art as an NFT and profits from it
• whether NFT marketplaces should respect NFT royalty standards on resales
• how NFT marketplaces could make it easier for creators to clarify licensing and royalty standards
• whether NFTs should be regulated under existing laws and what gaps in regulation need to be filled
• when an NFT should be considered a security
• how different jurisdictions may work together to regulate NFTs
• why money laundering is a problem for NFTs
• how a DAO could go about owning an NFT or IP
• what would happen to NFTs and DAOs if Ethereum were to suffer a hard fork again
• why DAOs should stay compliant with traditional regulations
• how to improve licensing and industry standards for NFTs
• whether NFTs should be considered as financial objects
• what would happen if a museum fractionalized the Mona Lisa

Thank you to our sponsors!

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

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Episode Links:

Non-Fungible Castle 2021

• Website: https://www.nfcastle.com/
• Conference recordings: https://www.nfcastle.com/conference
• Twitter: https://twitter.com/nf_castle 
• Tweet thread of Laura’s experience at NFCastle 2021: 
• • https://twitter.com/laurashin/status/1449731658928824320 

Jonathan Victor

• LinkedIn: https://www.linkedin.com/in/jonathan-victor-69a44255 

Louis Baudoin

• LinkedIn: https://www.linkedin.com/in/lou-baudoin-5b847a151/ 
• Twitter: https://twitter.com/MerkleData 

Diana Stern

• Linkedin: https://www.linkedin.com/in/dianajstern 

Shant Marootian

• LinkedIn: ​https://www.linkedin.com/in/smarooti/ 

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Secret Network is a privacy-first, permissionless layer 1 blockchain built for computational privacy. Tor Bair, founder of Secret Foundation, a developer of Secret Network, discusses what makes Secret Network unique, including smart contract privacy, private metadata for NFTs, and how regulators should treat privacy tech in blockchain. Show highlights:

• how Tor fell down the crypto rabbit hole
• what the Secret Network is and how it is bringing privacy to blockchain
• why public blockchains are problematic
• what makes Secret Network different from Monero or Zcash
• how Secret Network works from a technical perspective
• what type of applications Secret Network can support that public blockchains cannot
• why blockchain voting is probably a bad idea (for now)
• what attack vectors exist regarding Secret Network
• how Secret Network nodes work and why there are only 50 of them
• how Secret Network fixes miner extractable value (MEV)
• what DeFi applications are possible on Secret Network
• how NFTs on Secret Network are different from public blockchain NFTs
• how regulators should treat Secret Network

Thank you to our sponsors!

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Episode Links

Tor Bair

• Twitter
• • https://twitter.com/TorBair  
• Website
• • http://www.torbair.com/
• Medium
• • https://medium.com/@TorBai

Secret Network

• Primers
• • Messari: 
  • • https://messari.io/asset/secret-network/profile
    • https://messari.io/article/shhhhh-it-s-a-secret-network 
  • Decrypt: 
  • • https://decrypt.co/resources/what-is-secret-network-scrt-formerly-enigma 
  • Coin Monks:
  • • https://medium.com/coinmonks/what-is-secret-network-bad9a233c481 
  • Tech Crunch: 
  • • https://techcrunch.com/2021/05/03/in-the-race-towards-web-3-financial-privacy-secret-network-attracts-backing-from-key-players/ 
• Introduction from Enigma/Secret
• • Article:
  • • https://blog.enigma.co/introducing-secret-network-ed48621754ad 
  • Video: 
  • • https://www.youtube.com/watch?v=c70BBVUCxxk 
• Tech
• • Smart contracts → Secret contracts
  • • https://scrt.network/blog/programmable-privacy/
  • Upcoming Supernova upgrade (November 9)
  • • https://scrt.network/blog/supernova-explosive-vision-future-secret-network 
  • Secret NFTs (only the holder can view the NFT)
  • • https://scrt.network/blog/secret-opensea-partner-nfts-world-renowned-artist
    • https://www.yahoo.com/now/secret-network-partners-opensea-launch-130000946.html 
• SCRT Tokenomics
• • https://scrt.network/blog/secret-network-tokenomics-and-ecosystem-pool 
  • https://scrt.network/about/about-scrt 
• Secret Network block-explorer/node explorer
• • https://secretnodes.com/secret/chains/secret-3 
• Ecosystem
• • https://scrt.network/ecosystem/overview 
• Graypaper
• • https://scrt.network/graypaper 
• Node information
• • https://docs.scrt.network/node-guides/secret-nodes.html 

Enigma 

• Original ICO
• • `https://icodrops.com/enigma/ 
• Research
• • https://picoloresearch.com/upload/attachment/14614.pdf 
• Enigma token swap
• • https://medium.com/staky-io/how-to-swap-eng-enigma-to-scrt-secret-f80d855992ef 
  • https://blog.enigma.co/enigma-announces-settlement-with-sec-and-successful-launch-of-enigma-mainnet-3811ef291705 
  • https://beincrypto.com/privacy-token-enigma-files-with-sec-after-settlement/ 

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Do Kwon, cofounder of Terraform Labs, was recently served subpoenas by the US Securities and Exchange Commission during Messari’s mainnet event, leading Kwon and Terraform to preemptively sue the SEC. On Unconfirmed, Kwon discusses:

• what Terraform Labs does and how it is building its DeFi ecosystem around TerraUSD ($UST)
• why Terraform Labs created its synthetics protocol, Mirror, and how it works
• what Do thinks about the SEC’s investigation into Mirror
• what happened to Do at Messari’s mainnet event
• why the SEC’s approach to crypto regulation does not impact Do very much
• what Do thinks about how US regulators are treating crypto companies
• how Do would regulate the crypto industry
• why he believes the current state of crypto regulation doesn’t work in a global context
• why he says the SEC couldn’t do anything to TerraUSD -- even if it wanted to
• what two characteristics are critical in building a decentralized protocol
• how the crypto industry could improve security in light of the $130 million Cream Finance hack

Thank you to our sponsors!

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Episode Links

Do Kwon

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

Terra

• Twitter: https://twitter.com/terra_money 
• Website: https://www.terra.money/ 
• Terra ecosystem: https://docs.terra.money/Reference/ecosystem.html 

SEC Lawsuit

• CoinDesk
• • https://www.coindesk.com/business/2021/10/23/terras-do-kwon-was-served-by-sec-new-lawsuit-shows/ 
• Terraform V SEC
• • https://www.scribd.com/document/534537134/Terraform-v-SEC 
• Stephen Palley
• • https://twitter.com/stephendpalley/status/1451709816020348933 

Messari Mainnet Serving

• https://twitter.com/gogoSlava/status/1439972015910408195 

Miscellaneous

• SEC charging Abra
• • https://www.sec.gov/news/press-release/2020-153
• Stablecoin market cap comparison
• • ​​https://coinmarketcap.com/view/stablecoin/ 

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Remember the $1 trillion infrastructure bill, which caused considerable backlash from the crypto community due to the language regarding “brokers?” Abe Sutherland, an adjunct professor at University of Virginia School of Law, believes another provision tucked inside the bill could end up being a far more significant issue for anyone transacting in digital assets. Show highlights:

• how Abe fell down the crypto rabbit hole
• what provision 6050I is and how it could affect anyone transacting with digital assets
• how 6050I works and when it would apply
• why violating 6050I would be a felony
• how 6050I discourages digital asset transactions
• how 6050I would apply to different transaction types, like peer-to-peer trades, NFT sales, and smart contract escrow accounts
• what information recipients of digital assets must verify from the sender
• how the government came up with the $10,000 reporting threshold and why Abe believes this number is outdated
• why Abe thinks proposing 6050I within the infrastructure bill is inappropriate
• what reasons the government has to want to put such stringent reporting requirements on digital asset transactions 
• how 6050I fits under the financial laws of the Bank Secrecy Act
• why Abe believes the amendment should be struck from the infrastructure bill
• what Abe thinks of the constitutionality of 6050I
• how Abe views 6050I as less about generating tax revenue and more about tracking people’s digital asset transactions
• what action steps he says the crypto community can take to fix the bill

Thank you to our sponsors!

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Nodle: http://nodle.io/unchained  

Episode links

Abe Sutherland

• https://twitter.com/abesutherland

Medium Post: https://medium.com/@laurashin/why-not-reporting-info-on-your-crypto-trading-partner-could-become-a-felony-c6399998f113

Information on 6050I

• Abe’s research report 
• https://www.proofofstakealliance.org/wp-content/uploads/2021/10/Research-Report-on-Tax-Code-6050I-and-Digital-Assets-printable.pdf
• Tweet thread from Abe
• https://twitter.com/abesutherland/status/1438881314871156736
• https://twitter.com/abesutherland/status/1443082205383696384
• 6050I article Abe wrote for Bitcoin Magazine
• https://bitcoinmagazine.com/business/the-proposal-to-regulate-digital-asset-transactions-should-be-struck 
• Abe’s appearance on What Bitcoin Did to discuss 6050I
• https://www.whatbitcoindid.com/podcast/hidden-danger-in-the-infrastructure-bill
• Twitter spaces with Congressman Warren Davidson, Peter McCormack, and others regarding the infrastructure bill
• https://www.youtube.com/watch?v=lCq6BVLzF44
• Miscellaneous 6050I links
• https://www.marketwatch.com/story/the-crypto-industry-could-take-tax-fight-all-the-way-to-the-supreme-court-11632509009
• https://www.breitbart.com/politics/2021/09/29/infrastructure-bills-crypto-surveillance-criticized-unconstitutional/
• https://fortune.com/2021/09/21/crypto-transactions-report-to-government/
• https://www.coindesk.com/policy/2021/09/17/crypto-lobbying-group-warns-of-another-tax-provision-in-senate-infrastructure-bill
• https://www.coincenter.org/an-unworkable-and-arguably-unconstitutional-tax-change-tucked-away-in-the-infrastructure-bill/
• https://decrypt.co/81236/overlooked-part-senate-infrastructure-bill-renews-worries-crypto-lobby
• https://nickanthony.substack.com/p/last-minute-cryptocurrency-taxation
• https://www.cato.org/blog/infrastructure-bill-hangs-balance-so-does-crypto
• https://ambcrypto.com/what-is-the-u-s-infra-bill-crypto-amendment-really-all-about

Unchained coverage of the infrastructure bill

• How Congress Might Pass Laws Bad for Proof-of-Stake and DeFi
• https://unchainedpodcast.com/how-congress-might-pass-laws-bad-for-proof-of-stake-and-defi/ 

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PlanB, a former institutional investor with 25 years of experience in financial markets turned anon Bitcoin analyst, discusses Bitcoin’s price action, from the macroeconomic drivers to what his models predict for the rest of 2021. Show highlights:

• PlanB’s background and how he got into Bitcoin
• what a stock-to-flow model is and how PlanB uses it to predict Bitcoin’s price
• why PlanB called for a $1 trillion market cap when Bitcoin was priced at sub $4K
• how the approval of a bitcoin futures ETF has affected Bitcoin’s price
• why institutions are more comfortable with bitcoin futures, rather than the underlying asset
• how to properly calculate gold’s stock-to-flow model
• why he believes the stock-to-flow models works -- even when detractors say it is flawed
• how the pandemic has affected Bitcoin’s price
• what PlanB thinks about China’s decision to effectively ban Bitcoin
• the three charts PlanB uses to model Bitcoin
• what the price floor for Bitcoin will be in October, November, and December
• whether PlanB thinks we are in a supercycle

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Episode Links

PlanB:

• Twitter: https://twitter.com/100trillionUSD
• Website: https://100trillionusd.github.io/

Topics Covered

• Stock-to-flow modeling
• • https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25 
  • https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107
  • https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12 
• Bitcoin RSI
• • https://twitter.com/100trillionUSD/status/1451128329176768514
• Worst-case scenario BTC prices
• • https://twitter.com/100trillionUSD/status/1406577006230245376
• Bitcoin futures ETF approved
• • https://www.coindesk.com/policy/2021/10/15/sec-approves-bitcoin-etf-opening-crypto-to-wider-investor-base/
• China’s decision to boot out crypto miners
• • https://www.coindesk.com/business/2021/10/13/us-claims-bitcoin-mining-crown-following-china-crackdown/ 
  • https://www.theblockcrypto.com/post/109315/bitcoin-hashrate-declines-50-percent-china-mining-crackdown
• Why stock-to-flow is not accurate
• • https://francistapon.com/Work/WanderLearn-Podcast/8-Flaws-in-Bitcoin-s-Stock-to-Flow-Model-Will-Doom-It
• Bitcoin supercycle
• • https://www.coindesk.com/markets/2021/06/17/the-supercycle-how-crypto-could-shape-the-decade-ahead/ 

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Andrew Steinwold, managing partner at Sfermion, and John Egan, CEO at L'Atelier BNP Paribas, discuss NFTs and debate the characteristics of the metaverse. Show highlights: 

• their backgrounds and how they got into NFTs
• how they each define the metaverse
• what NFTs have to do with the metaverse
• how John and Andrew’s depiction of the metaverse differs
• what John thinks about Facebook’s entrance into the metaverse
• whether Second Life is a metaverse game
• how blockchain technology allows for an open metaverse (and why Web2 is “communist”)
• what NFTs currently unlock for the metaverse
• whether the metaverse will necessarily have to be experienced through augmented reality
• whether there will be multiple metaverses across different blockchain platforms
• why John thinks NFT maxis and crypto maxis are destined to clash
• how the metaverse is changing how people generate income 
• how to make the metaverse more accessible
• whether regulators will force the metaverse to be siloed
• how the metaverse will handle jurisdictional disputes
• what happens when someone’s Web3 avatar/identity is stolen in the metaverse
• what John and Andrew predict will happen in the metaverse over the next 6-12 months. 

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

Nodle: http://nodle.io/unchained 

NFT Research

John Egan

• Twitter: 
• • https://twitter.com/iamjohnegan 
• Website: 
• • https://www.iamjohnegan.com/ 
• LinkedIn
• • https://www.linkedin.com/in/johndegan/
• Content
• • NFTs are like gambling, but could be the bedrock of virtual economy
  • • https://decrypt.co/62809/buying-nfts-like-gambling-in-a-casino-analyst
  • Wired article on NFTs
  • • https://www.wired.co.uk/article/crypto-tokens 

L’Atelier 

• NFT Content
• • How NFTs are changing ownership
  • • https://atelier.net/insights/nfts-art-ownership-collecting
  • The Virtual economy
  • • https://atelier.net/virtual-economy
  • Real estate NFTs
  • • https://atelier.net/insights/tech-real-estate-nfts-tokenisation 
• Metaverse Content
• • Unified coms vs. the Metaverse
  • • https://atelier.net/insights/unified-communications-metaverse-tech
  • Primer on the metaverse
  • • https://atelier.net/insights/primer-define-metaverse-fortnite
  • Digital anthropology
  • • https://atelier.net/insights/nathalie-bechet-digital-anthropology 

Andrew Steinwold

• Twitter
• • https://twitter.com/AndrewSteinwold
• LinkedIn
• • https://www.linkedin.com/in/andrew-steinwold/
• Blog must-reads
• • A quick overview of the NFT ecosystem 
  • • https://andrewsteinwold.substack.com/p/-quick-overview-of-the-nft-ecosystem 
  • NFTs will introduce the world to crypto? 
  • • https://andrewsteinwold.substack.com/p/nfts-will-introduce-crypto-to-the 
  • Why functional NFTs will gain value slower than crypto art
  • • https://andrewsteinwold.substack.com/p/-the-promise-effect-why-functional 
  • History of NFTs
  • • https://medium.com/@Andrew.Steinwold/the-history-of-non-fungible-tokens-nfts-f362ca57ae10 
  • NFT Value Drivers
  • • https://andrewsteinwold.substack.com/p/-nonfungible-token-nft-value-drivers 

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Four investors talk about the decentralized web, explain how the crypto industry is improving upon Web 2, and discuss what can be done to increase diversity and financial inclusion within Web 3. Featuring Rik Willard, founder of Agentic Group, Thomas France, co-founder of Cygni Capital, Dylan Hixon, president of Arden Road Investments, and Nick Grossman,general partner at Union Square Ventures . Show highlights:

• how funding rounds for decentralized protocols differ from investing in traditional companies
• what VC investors can do to 1) participate in the protocols they invest in, and 2) not take advantage of whale holdings in governance voting
• how Web 3 has the potential to displace the “plantation economy”
• the difference between crypto idealism (i.e., banking the unbanked) versus what has actually played out (i.e., Salvadorans being mandated to accept BTC)
• what area of blockchain is delivering on the promise of financial inclusion
• how to bring diversity to the blockchain + crypto industry
• what can be done to solve the gender imbalance in crypto
• how investors are navigating the murky waters of US regulations regarding crypto projects
• how institutions fit into the Web 3 landscape
• what I think about the state of sexism within the crypto industry

Thank you to our sponsors!

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Episode Links

Original Link: https://vimeo.com/showcase/8884996/video/614236078

Rik Willard

• Twitter: https://twitter.com/rik_willard?lang=en
• Agentic Group: https://www.agenticgroup.com/

Nick Grossman

• Twitter: https://twitter.com/nickgrossman?lang=en
• Website: https://www.nickgrossman.xyz/
• Union Square Ventures: https://twitter.com/usv

Dylan Hixon

• LinkedIn: https://www.linkedin.com/in/dylan-hixon-1887803
• Arden Road Investments: https://www.ardenrd.com/

Thomas France

• Twitter: https://twitter.com/totofrance?lang=en
• LinkedIn: https://www.linkedin.com/in/thomasfrance/

Topics mentioned

• Fereshteh Forough on Unchained
• https://unchainedpodcast.com/crypto-actually-fixes-this-how-code-to-inspire-uses-crypto-in-afghanistan/
• Discussing crypto’s gender disparity on Unchained
• https://unchainedpodcast.com/cryptos-gender-disparity-what-can-be-done-about-it-4-women-weigh-in/
• she256
• https://she256.org/
• El Salvador and BTC
• https://www.coindesk.com/policy/2021/09/24/why-el-salvador-is-botching-its-bitcoin-experiment/

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Cuy Sheffield, Visa’s head of crypto, discusses Visa’s crypto game plan, stablecoin regulation, NFTs, and more. Show highlights:

• Cuy’s background and his journey down the crypto rabbit hole
• how Visa and cryptocurrency can coexist
• why crypto companies and fintech companies are similar
• what Visa is trying to solve for consumers regarding cryptocurrencies
• how cross-chain payment infrastructure would work
• why Visa requires enhanced diligence for crypto companies
• what countries can learn from stablecoins when building CBDCs
• why Visa is creating a universal payment channel for CBDCs and other cryptocurrencies
• why Visa chose USDC to begin making payments with
• the two main reasons why stablecoins are used (hint: it’s not for buying cups of coffee)
• how cryptocurrency is changing financial education and inclusion
• how crypto’s open-source ethos is helping underserved and emerging markets build financial infrastructure
• why NFTs are Cuy’s favorite topic
• how NFTs level the playing field for black artists (and artists in general)
• why Visa purchased a CryptoPunk and how other businesses could leverage NFTs

Thank you to our sponsors!

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

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Cuy Sheffield

• Twitter: https://twitter.com/cuysheffield
• LinkedIn: https://www.linkedin.com/in/cuy-sheffield-72082126/
• NFT collection: https://tryshowtime.com/csheffield 

Content:

• Medium
• • https://medium.com/@cuysheffield 
• Tweets
• • Thoughts on payroll deposits
  • • https://twitter.com/cuysheffield/status/1442571326447767554 
  • DAOs as chaotic organizations
  • • https://twitter.com/cuysheffield/status/1441536551016534019

Visa Crypto Plays

• CryptoPunk purchase
• • https://usa.visa.com/visa-everywhere/blog/bdp/2021/08/18/nfts-mark-a-1629328216374.html 
• First smart contract on Ropsten
• • https://ropsten.etherscan.io/address/0xadb1f7e78a3ac3d0a006961f95d96bbb0ec14326#code
• NFT research report
• • https://usa.visa.com/content/dam/VCOM/regional/na/us/Solutions/documents/visa-nft-whitepaper.pdf 
• Cross-chain Interoperability
• • https://usa.visa.com/visa-everywhere/blog/bdp/2021/09/29/making-digital-currency-1632954547520.html
  • https://arxiv.org/pdf/2109.12194v2.pdf 

• Visa + USDC

• https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.17821.html 
• https://www.forbes.com/sites/ninabambysheva/2021/03/29/visa-to-start-settling-transactions-with-bitcoin-partners-in-usdc/ 

• Digital currency whitepaper
• • https://usa.visa.com/content/dam/VCOM/regional/na/us/Solutions/documents/visa-digital-currency-overview.pdf 

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Ryan Gentry, business development lead at Lightning Labs, discusses the latest updates on the Lightning Network, the layer 2 solution for Bitcoin. Highlights:

• how Lightning Network is bringing Bitcoin to the masses through partnerships with Twitter, Substack, and Paxful
• what the significance of El Salvador adopting Bitcoin means for the Lightning Network
• how many nodes are running Lightning Network nodes
• why the capacity on the Lightning Network has grown rapidly
• how Ryan has seen interest in Lightning has changed since the El Salvador announcement earlier this year
• what stage of adoption Ryan thinks the Lightning Network is
• why Lightning Network total-value-locked should not be compared to Ethereum L2s or other DeFi protocols 
• how Lightning Network differs from DeFi
• what metric Ryan believes is the best way to measure adoption on Lightning Network
• how El Salvador has changed the types of transactions being made on Lightning Network
• what’s next for Lightning Network and how Lightning micropayments could affect how podcasts (like Unchained!) are distributed

Thank you to our sponsors!

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

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Episode Links

Ryan Gentry

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

The Summer of Lightning: Reaching the Tipping Point

• https://lightninglabs.substack.com/p/the-summer-of-lightning-reaching 

Lightning Labs

• Twitter: https://twitter.com/lightning
• Website: https://lightning.engineering/ 

Lightning Enabled Tips

• Twitter:
• • https://blog.twitter.com/en_us/topics/product/2021/bringing-tips-to-everyone 
• Substack:
• • https://decrypt.co/79215/substack-accept-bitcoin-payments-lightning-network

Paxful Integration

• https://bitcoinmagazine.com/business/paxful-integrates-bitcoin-lightning-network 

Arcane Research Paper

• Paper:
• • https://static1.squarespace.com/static/60377b34e7791c1277aaae97/t/615cb9aeaab8c63e1a732771/1633466815710/The+State+of+Lightning.pdf
• Tweet thread:
• • https://twitter.com/ArcaneResearch/status/1445749299703205894

Lightning Network stats

• https://studio.glassnode.com/metrics?a=BTC&c=native&category=Lightning&chartStyle=column&contractExpiration=1640908800&ema=0&m=lightning.NetworkCapacitySum&mAvg=0&mMedian=0&resolution=24h&zoom=all
• https://1ml.com/statistics

Lightning Network Resources

• https://www.lopp.net/lightning-information.html 

Preston Pysh episode with BTC Sessions

• https://www.youtube.com/watch?v=E5bBJjVEg1U 

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How does the SEC determine if a token is a security? Why is DeFi particularly hard to regulate? What will regulators do about stablecoins? On Unchained, Greg Xethalis, chief compliance officer at Multicoin Capital, and Collins Belton, founding partner at Brookwood P.C., dive into crypto regulation, discussing securities laws, DeFi regulation, and why the US should be promoting stablecoins rather than trying to shut them down. Highlights:

• why the SEC and CFTC have not announced bigger crypto enforcement news at the end of their fiscal years
• why the SEC is going after DINO (decentralized in name only) companies
• what the Howey and Reves tests areand how the SEC uses themto determine whether an asset is a security or not
• why Collins and Greg think the SEC has recently begun been applying Reves more often
• why they think centralized crypto lending products should not be considered securities under the Howey test
• whether new legislation needs to be written for cryptocurrency-based products
• what makes Collins think the SEC is being “disingenuous” regarding the SEC registration process for crypto companies, like Coinbase
• how regulators will end up handling DeFi and why both Greg and Collins are long-term optimistic
• how the US government has a “great history” of respecting privacy and encryption
• why regulatory pressure is likely to build up around centralized crypto exchanges and what we can learn from the EtherDelta case
• why Collins thinks most cryptocurrency companies should be regulated 
• why the SEC is the best motivator for forcing protocols to fully decentralize
• how smart contracts could theoretically be used to standardize SEC Commissioner Hester Peirce’s Safe Harbor proposal
• how blockchain data makes cryptocurrency companies more transparent and easier to regulate than centralized entities
• what Collins and Greg think will happen with stablecoin regulation going forward
• why the US should be pushing to make dollar-pegged stablecoins more prominent

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Have idea son how we can improve at Unchained? Let us know. This is the last week in which you can take the Unchained survey and be entered to win a BTC Candle. Be sure to end by EOD Friday. We'll be announcing the winners in next week's show. https://www.surveymonkey.com/r/unchained2021 

Thank you to our sponsors!

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

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Episode Links

Greg Xethalis

• Twitter: https://twitter.com/xethalis 
• LinkedIn: https://www.linkedin.com/in/xethalis/ 

Collins Belton

• Twitter: https://twitter.com/collins_belton 
• LinkedIn: https://www.linkedin.com/in/collins-belton-10226283/

Cases Mentioned

• SEC charged DeFi Money Market 
• https://www.coindesk.com/markets/2021/08/06/sec-charges-so-called-defi-company-for-allegedly-fraudulent-30m-offering/ 
• SEC charged EtherDelta
• https://www.coindesk.com/markets/2018/11/08/sec-charges-etherdelta-founder-over-unregistered-securities-exchange/ 
• Howey Test and Reves Test
• https://securities-law-blog.com/2014/11/25/what-is-a-security-the-howey-test-and-reves-test/
• https://skrypto.sewkis.com/howeys-cousin-reves-may-be-another-way-for-the-sec-to-argue-that-tokens-are-securities 
• https://www.creditslips.org/creditslips/2021/09/coinbase-and-the-sec-.html 
• DINO
• https://twitter.com/hesterpeirce/status/1423637816492318722?lang=en 

• -uniswap-labs-investigation-could-signal-a-new-era-of-enforcement 

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Stephen Palley, partner at Anderson Kill, discusses a few hot-button crypto regulatory issues like lending products, whether DeFi protocols fall under the SEC’s purview, and more. Show highlights:

• why Stephen thinks the SEC and CFTC did not announce more extensive crypto enforcement news this week
• what areas the SEC Chair Gary Gensler and the SEC as a whole are focused on regulating
• what Stephen has heard about whether stablecoins that are not fully-backed are securities
• why Coinbase decided to drop its Lend product
• why Stephen is skeptical that decentralized protocols should be regulated under existing securities laws
• how securities law is contrary to consumer protection in light of DeFi protocols and airdrops
• why DeFi AMMs should be regulated differently than centralized market books
• whether companies running a front-end for a DeFi protocol should be considered an exchange
• why crypto devs are “going Satoshi” because of US securities laws

Thank you to our sponsors!

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Episode Links

Stephen Palley

• Twitter: https://twitter.com/stephendpalley
• Unchained podcast appearance speaking about Ripple: https://unchainedpodcast.com/the-secs-lawsuit-against-ripple-and-2-execs-what-you-need-to-know/ 

Topics Covered

Lending Products

• Coinbase blogs regarding Lend
• • https://blog.coinbase.com/the-sec-has-told-us-it-wants-to-sue-us-over-lend-we-have-no-idea-why-a3a1b6507009 
  • https://blog.coinbase.com/sign-up-to-earn-4-apy-on-usd-coin-with-coinbase-cdad79e5f5eb
• Lend overview: https://www.jdsupra.com/legalnews/a-september-to-remember-coinbase-avoids-7608131/ 

• Brian Armstrong angry tweet storm
• • https://twitter.com/brian_armstrong/status/1435439291715358721
• BlockFi and Celsius overview
• • https://www.coindesk.com/policy/2021/09/17/3-states-alabama-securities-commission-also-claims-celsius-violated-securities-laws/ 

SEC + Gary Gensler

• How SEC Chair Gary Gensler’s Views on Crypto Have Changed Since His MIT Days
• • https://unchainedpodcast.com/how-sec-chair-gary-genslers-views-on-crypto-have-changed-since-his-mit-days/
• SEC Chair Gary Gensler Washington Post Q&A
• • https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/ 
• Gary Gensler + Elizabeth Warren letters
• • https://www.warren.senate.gov/newsroom/press-releases/warren-releases-response-from-sec-chair-gensler-affirming-need-to-regulate-cryptocurrency-exchanges-and-protect-investors-and-our-financial-system 

Other

• Uniswap delisting certain tokens through its front end
• • https://www.theblockcrypto.com/linked/112399/uniswap-labs-culls-synthetic-stock-and-derivatives-citing-evolving-regulatory-landscape 

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Fereshteh Forough is the founder and CEO of Code to Inspire, a coding school for girls in Afghanistan. She discusses her background as a refugee, how she uses crypto to fund the school and pay students, and how the US military’s departure has affected student life. Topics include:

• Fereshteh’s journey from refugee to computer science professor to founder and CEO of Code to Inspire
• what Code to Inspire offers to young Afghan women and what risks they take by getting an education
• how Code to Inspire success stories are changing the attitudes of student’s families and communities
• the importance of Afghan Hero Girl, a video game created by Code to Inspire students
• why crypto payments are a better alternative to PayPal and Western Union for Code to Inspire and its students
• how Code to Inspire and its students exchange crypto to fiat
• what the perception of crypto is in Afghanistan
• how the Taliban is stifling the education of women and how Code to Inspire is attempting to continue its curriculum
• how crypto companies can offer assistance to Code to Inspire
• what features and products Fereshteh thinks would the crypto industry actually bank the unbanked
• how listeners can help Code to Inspire and where to find more information on Fereshteh

Thank you to our sponsors!

Ledger: ​https://www.ledger.com/start-your-crypto-journey/?utm_source=Unchained&utm_medium=Partnership_Podcast&utm_campaign=14-09-Ledger-US-Brand-Paid&utm_content=subj_Global__msg_brand_convenience__targ_Crypto 

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

Digital Asset Research: https://www.digitalassetresearch.com/    

Episode Links

Fereshteh Forough

• Twitter: https://twitter.com/f_forough
• LinkedIn: https://www.linkedin.com/in/fereshtehforough/ 

Code to Inspire

• Instagram: https://www.instagram.com/codetoinspire/
• Twitter: https://twitter.com/CodeToInspire 
• Website: https://www.codetoinspire.org/ 
• Donating crypto: https://www.codetoinspire.org/donate-crypto/ 
• Services offered:
• • https://www.codetoinspire.org/hire-a-cti-graduate/ 

Code to Inspire Coverage

• Forbes
• • https://www.forbes.com/sites/stevenehrlich/2021/08/17/taliban-resurgence-could-threaten-afghan-school-teaching-women-to-code-and-build-ethereum-apps/?sh=465a8208197d
• The Giving Block
• • https://thegivingblock.com/donate/Code-to-Inspire/
• Code to Inspire students are coding at home
• • https://cointelegraph.com/news/amid-taliban-takeover-aspiring-crypto-miner-flees-afghanistan 
• CoinDesk on Code to Inspire + ETH
• • https://www.coindesk.com/markets/2018/06/12/forget-prices-ethereum-is-offering-a-different-value-in-afghanistan/ 
• Coinbase
• • https://blog.coinbase.com/fereshteh-forough-interview-1e73a684788f
• Inverse
• • https://www.inverse.com/innovation/57129-fereshteh-forough-afghanistan-bitcoin
• Afghan Hero Girls
• • https://www.gamesindustry.biz/articles/2019-04-19-code-to-inspire-is-creating-afghan-hero-girls-through-education

US Military leaving Afghanistan

• https://www.cbsnews.com/news/afghanistan-withdrawal-united-states-troops-pentagon/
• https://www.wsj.com/articles/last-u-s-troops-leave-afghanistan-after-nearly-20-years-11630355853 

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Nik De, managing editor for global policy and regulation at CoinDesk, stops by Unconfirmed to discuss the current state of crypto regulation, including recent comments by SEC Chair Gary Gensler on stablecoins and why Coinbase decided to sideline its Lend product. Highlights:

• Nik’s biggest takeaway from Gary Gensler’s interview with the Washington Post 
• why Nik thinks Gensler has escalated his rhetoric regarding stablecoins and DeFi 
• how crypto exchanges are currently regulated and how that might change
• what it would take to convince crypto exchanges to register with the SEC
• whether the SEC has the purview to regulate stablecoins
• Nik’s thoughts on Coinbase’s Lend product and the SEC’s stance on lending products
• what the overall picture of crypto lending is in the US
• whether the SEC will go after DeFi protocols
• what to expect from the SEC going forward, especially with the end of its fiscal year coming up next week

Thank you to our sponsors!

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Episode Links

Nikhilesh De

• CoinDesk articles: https://www.coindesk.com/author/nikde/
• Twitter: https://twitter.com/nikhileshde 

Content

• Coinbase blogs regarding Lend
• • https://blog.coinbase.com/the-sec-has-told-us-it-wants-to-sue-us-over-lend-we-have-no-idea-why-a3a1b6507009 
  • https://blog.coinbase.com/sign-up-to-earn-4-apy-on-usd-coin-with-coinbase-cdad79e5f5eb

• SEC Chair Gary Gensler Washington Post Q&A
• • https://www.washingtonpost.com/washington-post-live/2021/09/21/transcript-path-forward-cryptocurrency-with-gary-gensler/
• Brian Armstrong tweet storm
• • https://twitter.com/brian_armstrong/status/1435439291715358721
• BlockFi and Celsius overview
• • https://www.coindesk.com/policy/2021/09/17/3-states-alabama-securities-commission-also-claims-celsius-violated-securities-laws/ 

Read my latest Medium post, “The Reason Crypto Regulation Is Turning Out to Be So Difficult,” which takes take a deeper dive into some of the topics addressed in this pod :)

• https://medium.com/@laurashin/the-reason-crypto-regulation-is-turning-out-to-be-so-difficult-788cc134958d

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Rhea Myers, artist, hacker, writer, and senior smart contract developer at Dapper Labs, has been making crypto art before NFTs were a thing. Check out this episode to learn about Rhea’s work as an OG crypto artist, why she believes concerns over NFT energy consumption are overblown, and how NFTs are changing the art world. Show highlights

• Rhea’s experience entering the crypto space
• what inspired her to make Bitcoin-based transaction art
• what blockchain art she was creating in 2014
• how she helped Coin Artist create crypto puzzles
• what Rhea thinks about Cadence, the programming language for Flow
• what conceptual art and blockchain art have in common
• how Rhea minted her soul on a Dogecoin fork
• how Rhea came up with the idea of Secret Artwork (Content), which was recently sold at a Sotheby’s auction
• what cryptographic elements influenced Secret Artwork (Content)
• why Rhea was wrong about how the NFT industry would evolve
• why Rhea believes concerns over NFT energy usage are overblown
• how NFTs are changing the art world 
• what Rhea thinks about the NFT DAO movement
• what about NFTs make them so fascinating, in a legal sense, to Rhea

Read the sidebar — and see Rhea's artwork!

If you'd like to see the art discussed in the show, be sure to check out the sidebar I wrote on Medium: 

https://medium.com/@laurashin/how-rhea-myers-made-blockchain-art-before-nfts-were-a-thing-e6ac52d3abf9

Thank you to our sponsors!

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Digital Asset Research: https://www.digitalassetresearch.com/   

Episode Links

Rhea Myers

• Twitter: https://twitter.com/rheaplex
• Website: https://rhea.art/ 
• LinkedIn: https://www.linkedin.com/in/robertmyers/

Example Art

• Secret Artwork (Content)
• • https://www.sothebys.com/en/buy/auction/2021/natively-digital-a-curated-nft-sale-2/secret-artwork-content 

• MYSOUL
• • https://www.artnews.com/art-in-america/features/nft-joke-1234588596/ 
• Is Art
• • https://rhea.art/is-art 
• Proof Of Existence 2, 2014, Bitcoin Transaction
• • https://rhea.art/proof-of-existence 
• Art examples
• • https://rhea.art/art

Other

• Artists Rethinking the Blockchain (book)
• • https://torquetorque.net/publications/artists-rethinking-the-blockchain/ 
• Generative art (featuring Rhea Myers)
• • https://medium.com/@mitchellfchan/nfts-generative-art-and-sol-lewitt-e99a5fa2b0cb 
• Blockade games + crypto puzzles
• • ​​https://blockade.games/press/index.html
  • https://www.cbc.ca/radio/asithappens/as-it-happens-friday-edition-1.4528357/this-painting-is-actually-a-bitcoin-puzzle-worth-more-than-40k-and-someone-finally-solved-it-1.4529176 
• Unchained Episode: What Exactly Do You Get When You Buy an NFT? Three Lawyers Discuss
• • https://unchainedpodcast.com/what-exactly-do-you-get-when-you-buy-an-nft-three-lawyers-discuss/

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Aidan Mott, research analyst at Messari, discusses Solana’s network restart that resulted in the blockchain going dark for 17 hours earlier this week. Show highlights:

• when Solana validators noticed something was wrong and how they responded
• what initial dex offering (IDO) caused the network to be flooded with transactions
• how a surge in bot transactions pushed validators to decide to restart the network
• how Solana’s outage compares to similar incidents on other chains
• why the Solana community was most likely not surprised by the 17-hour restart
• how Solana validators and the Solana Foundation coordinated the network restart
• how Solana Labs CEO Anatoly Yakovenko communicated with the community during the outage
• whether Solana is still vulnerable to a similar flood of transactions
• what the network restart means in terms of Solana’s centralization
• why Solana validators running the same client could be an issue

Check Out the Related Article In addition to the analysis from Aidan, I did an interview with a Solana validator about his experience of the outage, and his concerns for the network going forward. Check out "The Experience of One Validator: What Happened During Solana's 17-Hour Outage?" in my Facebook Bulletin newsletter here -- and subscribe today! https://laurashin.bulletin.com/178076467796725

Thank you to our sponsors!

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Episode Links

Aidan Mott

• Twitter: https://twitter.com/KidKrypt0
• LinkedIn: https://www.linkedin.com/in/aidan-mott-77665267/ 

Messari

• https://messari.io/

Solana Outage

• The Block’s coverage
• • https://www.theblockcrypto.com/linked/117711/solana-blockchain-validators-restart-network-after-transaction-stoppage
  • https://www.theblockcrypto.com/linked/117624/solana-experiences-transaction-stoppage-as-developers-report-intermittent-instability
• CoinDesk coverage
• • https://www.coindesk.com/markets/2021/09/14/solana-validators-ready-potential-restart-amid-blockchain-outage/ 
• Decrypt coverage
• • https://decrypt.co/81004/solana-back-online-following-downtime-network-restart 
• Why the mainnet went down
• • https://twitter.com/buffalu__/status/1437792673784549383 
• Potential ramifications
• • https://twitter.com/CometShock/status/1437870278684590091
• Neha Narula tweet
• • https://twitter.com/neha/status/1438487308433494022 
• Solana Status -- the Twitter account that sent information out on the state of the network
• • https://twitter.com/SolanaStatus
• Anatoly Yakovenko Solana outage tweets
• • https://twitter.com/aeyakovenko/status/1437887482897518595
  • https://twitter.com/aeyakovenko/status/1437784552324358155
  • https://twitter.com/aeyakovenko/status/1438496595360862215
  • https://twitter.com/aeyakovenko/status/1438465508412739588
  • https://twitter.com/aeyakovenko/with_replies

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Once the block reward diminishes greatly, can Bitcoin be secured only by transaction fees? On Unchained, Bitcoin writer Vijay Boyapati and Ethereum Foundation’s Justin Drake debate the merits of Bitcoin’s security model, which Drake says will largely rely on transaction fees as soon as within 20-30 years, not in 100+ years. Highlights:

• Justin’s and Vijay’s professional backgrounds
• why Justin thinks Bitcoin cannot survive solely on fees
• how Bitcoin is currently secured
• what makes Bitcoin’s security subjective rather than binary
• how much it would cost in dollars to 51% attack Bitcoin
• what the Bitcoin network could do in response to a 51% attack
• how to calculate Bitcoin’s security budget
• why Bitcoin's price can’t go exponential forever
• whether a “nuclear option” for Bitcoin miners could protect against a 51% attack
• why nation-states could be either pro or anti-Bitcoin
• why a Bitcoin Standard could be similar to the Gold Standard
• how Bitcoin will change going forward, and why Vijay thinks transaction fees will increase
• why Justin does not think transaction fees will increase enough to secure Bitcoin’s base layer
• how Justin would fix Bitcoin’s security model -- and why he thinks the 21 million hard cap is a meme
• why Vijay does not think Bitcoin’s security model will ever change -- especially the 21 million hard cap
• what Justin thinks Ethereum is doing better than Bitcoin
• why Vijay thinks Ethereum will fail

Take the annual Unchained survey! 

Hey all, the Unchained survey is out now, and we'd so appreciate it if you could give us your thoughts on how Unchained is doing and what we could do better. Plus, we've got some questions for you about Laura's upcoming book launch and the articles that she's already starting to write! Two lucky survey respondents will receive a BTC candle, which is scented with "satoshiwood, musk musk, tulip bulbs and finite minerals." 

Head to surveymonkey.com/r/unchained2021 to fill out the survey today! 

Subscribe to my Facebook Bulletin Newsletter!  

Hey all, I'm excited to announce that I'll be writing a Facebook Bulletin newsletter , joining the likes of Malcolm Gladwell, Malala Yousafzai and Adam Grant, among others. My first post is already up.

Thank you to our sponsors!

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Episode Links

Justin Drake

• Twitter: https://twitter.com/drakefjustin
• LinkedIn: https://www.linkedin.com/in/drakefjustin/
• Recent Unchained appearance:
• • https://unchainedpodcast.com/is-eth-on-its-way-to-becoming-ultra-sound-money-yes-says-justin-drake/ 

Vijay Boyapati

• Twitter: https://twitter.com/real_vijay
• LinkedIn: https://www.linkedin.com/in/vijayboyapati 
• The Bullish Case for Bitcoin:
• • https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1 

Bitcoin’s Security Model

• Hasu
• • https://ark-invest.com/podcast/bitcoins-security-model-with-hasu/
• Dan Held
• • https://danhedl.medium.com/bitcoins-security-is-fine-93391d9b61a8 
• Nic Carter
• • https://medium.com/@nic__carter/bitcoin-bites-the-bullet-8005a2a62d29
  • https://www.docdroid.net/C7uTY1R/mit-expo-slides-nic-carter-pdf#page=12
• Paul Sztorc
• • https://www.truthcoin.info/blog/security-budget/ 
• Donal McIntyre
• • https://etherplan.com/2019/05/17/why-the-bitcoin-fee-model-will-work/7587/
• Phil Geiger
• • https://unchained-capital.com/blog/21-million-is-non-negotiable/ 
• Jordan McKinney
• • https://medium.com/coinmonks/bitcoin-security-a-negative-exponential-95e78b6b575
  • https://medium.com/coinmonks/bitcoin-security-in-one-chart-694ee3ed8c2d 
• Lyn Alden
• • https://www.lynalden.com/bitcoin-security-modeling/ 
• Princeton
• • https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf 
• Doomsday economics of PoW
• • https://www.bis.org/publ/work765.pdf 

Basic Info

• How BTC fees work
• • https://river.com/learn/how-bitcoin-fees-work/
  • https://en.bitcoin.it/wiki/Miner_fees 
• What will happen when all BTCs are mined?
• • Decrypt: https://decrypt.co/33124/what-will-happen-to-bitcoin-after-all-21-million-are-mined
  • River: https://river.com/learn/what-will-happen-after-all-bitcoin-mined/ 

Bitcoin Fees

• https://studio.glassnode.com/metrics?a=BTC&category=&ema=0&m=fees.VolumeSum&mAvg=365&mMedian=0&modal=loginForm 

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Ephrat Livni, a DealBook business and policy reporter at the New York Times, discusses Coinbase’s fight with the SEC over its Lend product and El Salvador’s adoption of Bitcoin as legal tender. Show highlights:

• why Coinbase is unhappy with what it calls the SEC’s “sketchy” behavior
• how Coinbase’s Lend product is structured and why it might be a security
• why Ephrat considers Coinbase’s reaction to the SEC’s decision on Lend to be “trolling”
• what we can learn from SEC chair Gary Gensler’s letters with Senator Elizabeth Warren
• what legal precedence the SEC is leaning on in its decision about Lend
• how to explain the SEC’s choice to not meet with Coinbase in Washington
• why Ephrat thinks Brian Armstrong sounds entitled
• Why even pro-Bitcoin groups in the US take issue with El Salvador’s adoption of Bitcoin as legal tender
• why Ephrat thinks Bitcoin is not a practical payment mechanism for El Salvadorans
• how El Salvadorans have reacted to the law
• why Ephrat believes El Salvador’s mandate to accept BTC is philosophically problematic for Bitcoiners

Thank you to our sponsors!

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Digital Asset Research: https://digitalassetresearch.com 

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Episode Links

Ephrat Livni

• Twitter: https://twitter.com/el72champs 
• New York Times: https://www.nytimes.com/by/ephrat-livni 

Coinbase

• Brian Armstrong tweet thread: https://twitter.com/brian_armstrong/status/1409555338836078592
• Coinbase blog: https://blog.coinbase.com/the-sec-has-told-us-it-wants-to-sue-us-over-lend-we-have-no-idea-why-a3a1b6507009 
• Coinbase Lend: https://www.coinbase.com/lend 
• Howey and Reves test: https://securities-law-blog.com/2014/11/25/what-is-a-security-the-howey-test-and-reves-test/ 

Bitcoin and El Salvador

• CoinDesk coverage:
• • https://www.coindesk.com/policy/2021/09/07/as-el-salvador-enacts-bitcoin-law-locals-remain-confused-about-implementation/ 
• Wall Street Journal coverage: https://www.wsj.com/articles/bitcoin-comes-to-el-salvador-first-country-to-adopt-crypto-as-national-currency-11631005200
• CNN coverage: https://www.cnn.com/2021/09/06/business/bitcoin-price-el-salvador-intl-hnk/index.html
• CBS coverage: https://www.cbsnews.com/news/bitcoin-el-salvador-legal-currency/#:~:text=As%20legal%20tender%20in%20El,subject%20to%20capital%20gains%20tax. 
• Reuters: https://www.reuters.com/technology/it-guy-in-chief-president-tries-fix-el-salvadors-bitcoin-woes-2021-09-08/ 
• Jerry Brito’s opinion: https://twitter.com/jerrybrito/status/1405660809024393221 
• Survey results: ​​https://www.reuters.com/technology/majority-salvadorans-do-not-want-bitcoin-poll-shows-2021-09-02/ 

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Audius, a blockchain native music streaming platform, hit six million monthly active users in August and announced a partnership with TikTok. Roneil Rumburg, co-founder and CEO of Audius, talks about how Audius works, AUDIO tokenomics, the give and take of decentralization, and more. Show highlights:

• what problems Audius is solving for creators
• how artists are utilizing crypto to connect with fans
• how the crypto components of Audius fit together
• what three utilities AUDIO, the native token of Audius, offers holders
• why Audius requires over $500K in AUDIO tokens to run a node
• why AUDIO’s inflation rate is higher than other popular tokens like Ethereum or Bitcoin
• which portions of Audius are centralized versus decentralized
• where the majority of Audius’s listens come from (hint: it’s not the app)
• how Audius has created a “password” system to make blockchain technology easier to use for non-crypto natives
• why Audius uses both Solana and Ethereum
• how big-name artists like Diplo found their way onto Audius
• how Audius makes it easier to upload music to TikTok
• what’s next for Audius

Take the annual Unchained survey! 

Hey all, the Unchained survey is out now, and we'd so appreciate it if you could give us your thoughts on how Unchained is doing and what we could do better. Plus, we've got some questions for you about Laura's upcoming book launch and the articles that she's already starting to write! Two lucky survey respondents will receive a BTC candle, which is scented with "satoshiwood, musk musk, tulip bulbs and finite minerals." 

Head to surveymonkey.com/r/unchained2021 to fill out the survey today! 

Follow Laura on Medium! 

Hey everyone, some news: I've begun writing news and features again. I’m now a Medium Partner, one of a group of writers I have long admired, such as Susan Orlean, Cory Doctorow, James Surowiecki and Will Leitch, among others. You can already check out my first post, which is on my career trajectory and why I still love covering crypto six years in. To find all my writing on Medium, please follow me at Medium.com/@laurashin. 

Thank you to our sponsors!

Digital Asset Research: https://www.digitalassetresearch.com/

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Episode Links

Roneil Rumburg

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

Audius

• Website: https://audius.co/ 
• Twitter: https://twitter.com/AudiusProject 
• Whitepaper: https://whitepaper.audius.co/AudiusWhitepaper.pdf 
• Discord: https://discord.com/channels/557662127305785361/806017242734395413 

What is Audius?

• Decrypt: https://decrypt.co/resources/what-is-audius-the-decentralized-music-sharing-and-streaming-service
• Messari: https://messari.io/asset/audius/profile
• Coindesk: https://www.coindesk.com/business/2020/11/11/audius-has-big-numbers-by-crypto-standards-but-can-it-take-on-soundcloud/ 

TikTok + Audius Coverage

• Audius: https://twitter.com/AudiusProject/status/1427299274325323779 
• Rolling Stone: https://www.rollingstone.com/pro/news/tiktok-sounds-streaming-crypto-blockchain-nfts-audius-1211699/

General Coverage

• 6M monthly users
• • https://twitter.com/AudiusProject/status/1433248161443684356

• Moving to Solana (Oct 2020):
• • https://www.coindesk.com/markets/2020/10/29/audius-the-decentralized-spotify-is-moving-part-of-its-service-to-solana-blockchain/
• 5M monthly users (Aug 5):
• • https://www.coindesk.com/markets/2021/08/05/blockchain-based-music-streaming-service-audius-up-to-5m-monthly-users/ 
• Copyright nightmare (The Verge 2019)
• • https://www.theverge.com/2019/10/9/20905384/audius-blockchain-music-streaming-service-copyright-infringement-piracy 
• NFTs (April 2021)
• • https://decrypt.co/65808/crypto-streaming-music-service-audius-nfts
• Token Drop (Oct 2020):
• • https://medium.com/audius/welcome-audio-to-mainnet-409009bc130c 
  • https://decrypt.co/46390/audius-distributes-crypto-rac-deadmau5-listeners
• Youtube + Audius project
• • https://youtubetoaudius.com/ 
• Music Racer:
• • https://store.steampowered.com/app/893030/Music_Racer/ 
• Raises
• • https://musically.com/2020/10/26/decentralised-streaming-service-audius-raises-another-1-25m/
  • https://techcrunch.com/2018/08/08/audius/
  • https://musically.com/2020/08/03/blockchain-music-service-audius-raises-3-1m-funding-round/ 
• Node requirements:
• • https://blog.audius.co/posts/a-primer-on-audio-staking#:~:text=All%20node%20operators%20are%20required,cost%20slightly%20more%20to%20operate. 

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Steven Ehrlich, director of research for digital assets at Forbes, discusses the FTX.US-LedgerX merger, what to expect from FTX going forward, DeFi regulation, and more. Show highlights:

• why the FTX.US acquisition of derivatives platform LedgerX is significant
• how FTX.US stacks up against other US cryptocurrency exchanges
• who should use crypto derivative products
• how regulators might handle FTX.US and crypto derivative ETFs
• what to expect from FTX going forward
• how long FTX CEO Sam Bankman-Fried spends talking to regulators every day
• why Steven thinks crypto mergers and acquisitions will be a trend going forward
• what Steven learned from his conversations with Polygon and Hermez
• how Fereshteh Forough, a woman living in Afghanistan, is using crypto to help teach women to build dapps, smart contracts, and use crypto

Thank you to our sponsors!

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Episode Links

Steven Ehrlich

• https://www.forbes.com/sites/stevenehrlich/?sh=fb976542ce44
• https://twitter.com/Steven_Ehrlich 
• https://www.forbes.com/newsletters/forbescryptoassetadvisor/?sh=55678b72dec8

FTX.US Merger

• https://www.forbes.com/sites/stevenehrlich/2021/08/31/us-bitcoin-exchange-backed-by-billionaire-sam-bankman-fried-moves-into-crypto-derivatives/

M&A Trend

• https://www.forbes.com/newsletters/forbescryptoassetadvisor/2021/08/31/exploring-voyagers-900-million-token-merger/?sh=29f4f16851b4 

Interview with Sam Bankman-Fried

• https://www.forbes.com/sites/stevenehrlich/2021/08/30/billionaire-sam-bankman-fried-pushes-back-against-critics-of-crypto-derivatives/?sh=6428141b5cbd 

Polygon-Hermez Deal

• https://www.coindesk.com/polygon-merges-with-hermez-network-in-250m-deal 

Fereshteh Forough Coverage

• https://www.forbes.com/sites/stevenehrlich/2021/08/17/taliban-resurgence-could-threaten-afghan-school-teaching-women-to-code-and-build-ethereum-apps

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Pplpleasr, the artist behind Fortune magazine’s recent crypto cover and Uniswap’s V3 announcement animation, talks about her crypto journey and how NFTs are changing the game for creators. Show highlights:

• how not getting a job at Apple changed her life forever
• how the Pplpleasr-Uniswap collaboration came about
• what goes into her creative process
• how Pplpleasr got hired for the Fortune magazine cover
• why she chose to represent anon-avatars on the Fortune cover
• why Pplpleasr was surprised by Fortune’s response to her artwork (and crypto in general)
• what sort of crypto personas are represented on the Fortune cover and why
• how NFTs are changing the paradigm of monetization for creators compared to the traditional art world
• what pplpleasr is looking forward to in future NFT smart contracts
• why NFTs are still limited right now
• why institutions, like Budweiser and Visa, are suddenly interested in NFTs
• what Fortune is doing to grow its NFT collection
• how DAOs are changing art curation and collecting
• why Pplpleasr was surprised that a DAO (bearing her name) purchased the Uniswap V3 animation
• where Pplpleasr thinks the NFT space will go in the next year or so

Thank you to our sponsors!

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Polymarket: https://polymarket.com 

Episode Links:

Pplpleasr

• Twitter: https://twitter.com/pplpleasr1
• Instagram: https://www.instagram.com/pplpleasr/ 
• Website: https://pplplsr.com/ 

Pplpleasr Content:

• Fortune op-ed on crypto
• • https://fortune.com/2021/08/06/nft-art-pplpleasr-fortune-cover-ethereum-defihow-crypto-changed-my-life/
• Her previous work for DeFi protocols
• • https://pplplsr.com/Crypto
• Fortune cover
• • https://fortune.com/2021/08/05/nft-drop-pplpleasr-cover-art-opensea-auction-ethereum/ 
  • https://twitter.com/pplpleasr1/status/1423359319639212037?s=20 

Miscellaneous Links

• PleasrDAO
• •  https://pleasr.org/ 
  • https://pleasr.mirror.xyz/D9wIadL-5EEkt17glTtar21m3RDqfgkhkr__OEE2mOE 
• OpenSea’s post-mortem on Chad sale
• • https://twitter.com/opensea/status/1424866514558128130 
• Business of business write up
• • https://www.businessofbusiness.com/articles/defi-crypto-meme-hustler-yield-farmer-finance-blockchain-art-nft-pplpleasr-memetic-markting/
• Manifold
• • https://www.manifold.xyz/ 

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Nick Johnson, lead developer at the Ethereum Name Service (ENS), talks about making Ethereum human-readable, why Budweiser purchased an NFT, how purchasing an ENS works, and more. Show highlights:

• what ENS does and why it is important
• why Budweiser bought “beer.eth”
• how ENS names can be used to make Ethereum easier to use
• what business use cases ENS names make possible
• what made Nick want to create a naming service on Ethereum
• how people are using their ENS names
• why people are purchasing ENS names
• what privacy issues arise from people attaching their name to an ETH address
• what happens when Ethereum addresses get spammed with unwanted tokens
• how to buy an ENS name and how much it costs
• how ENS handles squatters
• what happens when you lose access to an address holding an ENS name
• how ENS is integrating normal domains (ex: “.com”) to Ethereum
• what ENS has planned for L2 launches

Thank you to our sponsors!

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

Polymarket: https://polymarket.com 

Sorare: https://sorare.com   

Episode Links: 

Nick Johnson

• Twitter: https://twitter.com/nicksdjohnson
• Website: http://blog.notdot.net/ 

Ethereum Domain Service

• Twitter: https://twitter.com/ensdomains
• Website: https://app.ens.domains/ 

Miscellaneous links

• Budweiser ENS purchase: https://decrypt.co/79397/from-visa-to-budweiser-big-brands-are-taking-nfts-seriously
• Unwanted tokens being sent to addresses
• • https://decrypt.co/79406/budweiser-dick-pic-nft-ethereum-wallet 
  • https://www.coindesk.com/markets/2021/05/12/vitaliks-regift-of-unsolicited-doge-knockoffs-sends-memecoin-prices-plunging/ 
• DNS (.com) integration with ENS: https://twitter.com/ensdomains/status/1430933399745798155 

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BitGo CEO Mike Belshe and COO Jeff Horowitz talk about one of the hottest topics facing the crypto industry today: regulation. They discuss...

• what BitGo does
• why Jeff left his successful TradFi career to go crypto
• how crypto compliance and custody differs from the traditional finance world
• the state of crypto education amongst regulators
• why Jeff and Mike think the infrastructure bill is a win for the crypto industry
• what FinCEN is doing to regulate crypto
• why they think the infrastructure bill’s goal of raising billions in crypto taxes could only bring in millions
• what FATF guidance regarding VASPs requires of crypto companies
• why the travel rule could lead to US customer data being shared overseas
• how digital assets change the implications of the travel rule
• how regulators are attempting to deal with DeFi
• what the FATF guidance means for FATF countries, like the US
• why DeFi is not ready for strict regulations
• Jeff’s views on Brian Brooks’s departure from BinanceUS
• the Galaxy Digital acquisition of BitGo
• what security issues a trillion-dollar wallet presents
• why BitGo refused to put a “freeze” function in its WBTC contract
• why Tesla and MicroStrategy purchased BTC and why other companies have been slow to follow suit
• whether BitGo will offer NFT solutions going forward

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2   

Polymarket: https://polymarket.com/ 

Episode links

Mike Belshe -- CEO BitGo

• LinkedIn: https://www.linkedin.com/in/mikebelshe/ 
• Twitter: https://twitter.com/mikebelshe 
• Previous Unchained appearance: https://unchainedpodcast.com/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future/ 

Jeff Horowitz -- CCO BitGo

• LinkedIn: https://www.linkedin.com/in/jeff-horowitz-3381977

BitGo

• Website: https://www.bitgo.com/
• Twitter: https://twitter.com/BitGo
• Blog: https://blog.bitgo.com/ 
• Galaxy Digital purchase: https://www.coindesk.com/galaxy-digital-to-buy-bitgo-for-about-1-2-billion-in-stock-cash 
• FATF solution: https://www.coindesk.com/us-crypto-giants-build-first-version-of-fatf-compliant-travel-rule-tool
• New York Trust Charter: https://decrypt.co/60110/bitgo-new-york-trust-charter-crypto-wall-street 

Infrastructure bill and its implications for crypto

• https://twitter.com/mikebelshe/status/1424163820726009861 
• https://www.wsj.com/articles/bitcoin-fans-are-suddenly-a-political-force-11629115380
• https://www.coindesk.com/infrastructure-bill-house-politics
• https://www.cnbc.com/2021/08/16/tax-foundation-infrastructure-bill-crypto-tax-provision-is-unworkable.html
• https://decrypt.co/78198/senate-passes-infrastructure-bill-crypto-tax-house
• https://www.taxnotes.com/featured-analysis/proposal-regulate-digital-asset-transactions-should-be-struck/2021/08/13/775gf#.YRfX9GEX2GI.twitter
• https://twitter.com/vtg2/status/1426264859071627266
• https://twitter.com/BlockchainAssn/status/1427276559052910599 
• Unchained coverage: 
• https://unchainedpodcast.com/how-congress-might-pass-laws-bad-for-proof-of-stake-and-defi/
• https://unchainedpodcast.com/crypto-got-screwed-what-happens-next-in-the-senate/
• https://unchainedpodcast.com/this-bill-looks-very-bad-for-crypto/

FATF and the travel rule

• https://sumsub.com/blog/what-is-the-fatf-travel-rule/
• Unchained coverage:
• https://unchainedpodcast.com/why-the-travel-rule-is-one-of-the-most-significant-regulations-in-crypto/
• https://unchainedpodcast.com/why-proposed-fatf-rules-could-be-a-shock-for-defi/

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SOL is up 75% over the past seven days, 205% in the past month, and 3,800% YTD. On Unchained, Multicoin Capital’s Kyle Samani discusses the DeFi projects fueling Solana’s growth, why he thinks Solana could make Ethereum obsolete, and the spectrum of decentralization. Show highlights:

• what factors have contributed to SOL’s growth this year
• what two milestones occurred last week that Kyle thinks supercharged SOL’s popularity
• why Kyle thinks the issues with the Degen Ape Academy NFT drop were not actually a problem with the Solana blockchain
• what projects will be possible on Solana that are impracticable on Ethereum
• why Kyle thinks some combination of NFTs and social token apps will be the first breakout app on Solana
• why Solana decreases the risk of massive liquidations -- like the crypto industry saw on Black Thursday in March 2020
• how Solana and Ethereum differ in regards to composability and fragmentation
• what BitClout has to do with Kyle’s Solana investment thesis
• why Solana could be the basis for the next crypto bull run
• why Kyle thinks the Ethereum merge as it completes transition to Ethereum 2.0 will not really affect Solana
• how the competition between Solana and Ethereum could play out in the next 12 months
• why Kyle is not overly concerned about Solana being more centralized than Ethereum
• what the Solana versus Ethereum competition will look like going forward, and why Solana may have the upper hand
• what Kyle learned from his investment in EOS

Thank you to our sponsors!

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Episode links

Kyle Samani

• Twitter: https://twitter.com/KyleSamani 
• Multicoin Capital: https://multicoin.capital/ 

Previous Unchained appearances:

• May 2021: https://unchainedpodcast.com/how-solana-and-binance-smart-chain-could-take-ethereums-lead/ 
• April 2020: https://unchainedpodcast.com/the-most-forkable-defi-protocols-on-ethereum/
• March 2020: https://unchainedpodcast.com/teetering-on-the-edge-how-black-thursday-exposed-the-flaws-in-the-crypto-markets/ 
• January 2020: https://unchainedpodcast.com/kyle-samani-on-how-2020-will-be-the-year-of-small-success-stories/ 
• March 2019: https://unchainedpodcast.com/how-binance-could-become-the-first-decentralized-autonomous-corporation/ 
• June 2018: https://unchainedpodcast.com/multicoins-kyle-samani-on-why-he-believes-bitcoin-governance-doesnt-accommodate-the-real-world-ep-025/ 
• May 2018: https://unchainedpodcast.com/multicoin-on-the-1-thing-crypto-teams-miss-in-their-quests-for-success/ 

Solana 

• Twitter: https://twitter.com/solana 
• Recent updates: https://solana.com/news/solana-ecosystem-news/ 
• Website:  https://solana.com/ 

Recent SOL boom

• https://twitter.com/JohnStCapital/status/1427088119870935047
• https://www.ar.ca/blog/11-thoughts-during-a-digital-assets-bull-market
• https://www.forbes.com/sites/ninabambysheva/2021/08/16/solana-hits-new-all-time-high-above-60/ 
• https://twitter.com/KyleSamani/status/1425282669630328841 

Projects

• Saber (AMM/DEX) growth
• • https://twitter.com/Saber_HQ/status/1428062812228759564 

• Audius
• • https://www.coindesk.com/crypto-powered-audius-wins-tiktok-tie-up-for-streaming-music-direct-to-platform
• Degenerate Ape Academy
• • https://www.theblockcrypto.com/post/114703/solana-hits-all-time-high-as-market-watchers-say-institutional-interest-is-growing
  • https://twitter.com/Pentosh1/status/1427034066784763904 
  • https://twitter.com/samecwilliams/status/1426828830552084482 
• Mango Markets
• • https://www.coindesk.com/solanas-mango-markets-dex-raises-70m-in-mngo-token-sale
• Wormhole
• • https://www.coindesk.com/solana-launches-cross-chain-wormhole-for-shuttling-assets-from-ethereum-bsc 

Multicoin’s Solana material

• https://multicoin.capital/2021/05/04/announcing-venture-fund-ii/
• https://multicoin.capital/2019/03/14/on-value-capture-at-layers-1-and-2/
• https://multicoin.capital/2019/07/30/the-world-computer-should-be-logically-centralized/ 

Solana overview

• https://thedefiant.io/solana-defi-ecosystem-overview/
• https://research.thetie.io/solana-ecosystem/
• https://research.binance.com/en/projects/solana
• https://medium.com/coinmonks/solana-more-update-for-sol-becb65024877
• https://genesisblockhk.com/what-is-solana/

Block explorers

• https://explorer.solana.com/
• https://solanabeach.io/
• https://solanaproject.com/ 

Submitted questions from Unchained listeners

• https://twitter.com/Unchained_pod/status/1428136429805264898 

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NFTs are the talk of the metaverse, EIP 1559 just went live, and DeFi stats are rebounding. On Unchained, Fredrik Haga, cofounder and CEO at Dune Analytics, along with Richard Chen, general partner at 1confirmation, discuss the booming Ethereum ecosystem through the lens of on-chain data, diving into NFTs, DeFi, ETH, and their favorite layer 2s. Show highlights:

• why Ethereum is on such a pronounced upswing
• why on-chain metrics lead to superior information reporting 
• mind-blowing OpenSea statistics
• why NFTs are so hot at the moment
• how Richard explains NFTs to normies
• whether the NFT market is sustainable
• what makes an NFT drop pop and why profile pics (PFPs) matter
• how Polygon NFTs compare to Ethereum NFTs
• the main driving force behind DeFi usage 
• how Richard measures the total amount of DeFi users
• what brings new users into DeFi
• what DEX trends Fredrik is keeping his eye on
• why structured products are crucial to DeFi’s continued success
• how Ethereum is doing since the London hard fork
• why NFT drops are like 2017 ICOs
• what metric shows ETH adoption outpacing BTC adoption among institutions
• which layer 2 solutions are Fredrik and Richard excited about
• why Richard considers Binance Smart Chain a centralized blockchain
• why Fredrik likes what Solana is building
• Richard and Fredrik’s predictions for the NFTs, DeFi, and ETH going forward

Thank you to our sponsors!

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Polymarket: https://polymarket.com/ 

Episode Links

Richard Chen

• Twitter: https://twitter.com/richardchen39
• 1confirmation: https://www.1confirmation.com/
• Dune Analytics dashboards: https://dune.xyz/rchen8

Fredrik Haga

• Twitter: https://twitter.com/hagaetc
• Dune Analytics: https://dune.xyz/home 
• Dune Analytics dashboards: https://dune.xyz/hagaetc 

On-chain dashboards

• Stablecoins: https://dune.xyz/hagaetc/stablecoins
• Lending: https://dune.xyz/hagaetc/lending
• DEXs: https://dune.xyz/hagaetc/dex-metrics 
• ETH 2.0 deposits: https://dune.xyz/hagaetc/eth2-0-deposits
• OpenSea: https://dune.xyz/rchen8/opensea
• DeFi users: https://dune.xyz/rchen8/defi-users-over-time 
• NFT prices: https://dune.xyz/rchen8/NFT-prices 
• SuperRare: https://dune.xyz/rchen8/superrare_4 
• Nexus Mutual: https://dune.xyz/eliasimos/Nexus-Mutual-Financials 
• ETH fees burned: https://dune.xyz/rchen8/ETH-fees-burned-in-1confirmation-portfolio 
• Base Fees: https://dune.xyz/msilb7/EIP1559-Base-Fee-x-Tip-by-Block

Unchained episodes mentioned

• Ultra Sound Money: https://unchainedpodcast.com/is-eth-on-its-way-to-becoming-ultra-sound-money-yes-says-justin-drake/
• EIP 1559: https://unchainedpodcast.com/ethereums-eip-1559-will-solve-some-problems-but-big-ones-will-remain/ 
• OpenSea: https://unchainedpodcast.com/how-nft-platform-opensea-plans-to-maintain-its-competitive-advantage-ep-232/ 

Miscellaneous

• Zed Run: https://zed.run/
• Axie Infinity: https://axieinfinity.com/
• Qiao Wang tweet: https://twitter.com/QwQiao/status/1425773846418821125
• Ethereum burning: https://ultrasound.money/

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Poly Network, a cross-chain DeFi protocol, recently suffered a $600M hack -- the largest DeFi exploit in crypto history. Mudit Gupta, security researcher and SushiSwap dev, breaks down the attack, explaining how it occurred, why the hacker is returning the funds, and what Poly Network should do next. Show highlights:

• how Poly Network works
• what specific mechanism the hacker attacked on Poly Network
• why many people (including myself) had never heard of Poly Network before the hack
• how “keepers” failed to protect Poly Network
• why a failed transaction was the key to pulling off the hack
• what SlowMist claims to have discovered about the hacker
• what could be motivating the hacker to return the stolen funds
• how the hacker is communicating with Poly Network
• why Tether was able to freeze funds while USDC and BSC allowed the hacker to get away with their tokens
• how Poly Network should handle negotiations with the hacker

Thank you to our sponsors!

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Polymarket: https://polymarket.co/unconfirmed

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Episode Links

Mudit Gupta

• Twitter: https://twitter.com/Mudit__Gupta
• Blog: https://mudit.blog/
• SushiSwap: https://twitter.com/SushiSwap 

Poly Network hack

• Poly Network response: https://twitter.com/PolyNetwork2/status/1425870262067548163 
• Mudit’s analysis: https://mudit.blog/poly-network-largest-crypto-hack/ 
• Kelvin Fichter thread: https://twitter.com/kelvinfichter/status/1425217046636371969
• Hacker Q&A: https://twitter.com/tomrobin/status/1425487745166753794
• Tether blacklist: https://twitter.com/paoloardoino/status/1425090760609832978
• ETH tip: https://twitter.com/HsakaTrades/status/1425093301691195407
• The Block’s coverage: https://www.theblockcrypto.com/post/114189/poly-hack-attacker-return-funds-id-slowmist 

​​Returning funds: https://www.coindesk.com/poly-network-hacker-starts-to-return-funds

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Ethereum just went through its most complex upgrade ever. Justin Drake, researcher at the Ethereum Foundation, discusses what the upgrade, aka the London hard fork, means for ether’s future as what he calls "ultra-sound money." At the end of the episode, he also drops a few Bitcoin hot takes. Show highlights:

• his background and how he got involved in crypto
• how EIP 1559 will affect Ethereum now that it is live
• why burning ether is good for the Ethereum economy
• what two concepts are crucial to understanding money
• what three ways ether is used as money
• why he believes ether will become “ultra sound money,” when gold and silver are just “sound money”
• what the main drivers of ETH’s value are
• how the merge from proof-of-work to proof-of-stake will happen for Ethereum 
• how much more efficient Justin calculates proof-of-stake will be compared to proof-of-work
• why people are saying Ethereum is going through a “triple halvening”
• what factors influence how much Ethereum is issued and burned
• how Ethereum could become deflationary
• why net sell pressure is about to decrease
• what projects are burning the most ETH now that EIP 1559 is live
• why Justin is worried about Bitcoin’s future
• what Bitcoin could do to survive once it only subsists on transaction fees
• whether Justin considers himself a bitcoiner
• how ETH as ultra-sound money is becoming a meme

Thank you to our sponsors!

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Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero 

Episode Links

Justin Drake

Twitter: https://twitter.com/drakefjustin

Written content

• June 23 Ethereum Foundation ETH 2.0 Research AMA (command F for Justin Drake responses)
• https://www.reddit.com/r/ethereum/comments/o4unlp/ama_we_are_the_efs_research_team_pt_6_23_june_2021/
• “If capped-supply gold is sound money decreasing-supply ether is ultra sound money”
• https://twitter.com/drakefjustin/status/1396796596281614339

Math

• Modeling ETH based on EVM fees
• https://docs.google.com/spreadsheets/d/1U9cGxGY3_t7m4MEIpjKWtRcA2zRajywaxMCZYqbF9eI/edit#gid=0 
• Calculating ETH supply
• https://docs.google.com/spreadsheets/d/1ZN444__qkPWPjMJQ_t6FfqbhllkWNhHF-06ivRF73nQ/edit#gid=0

Podcast appearances

• Bankless “Modeling Ultra Sound Money” (April 28)
• https://shows.banklesshq.com/p/-sotn-44-modeling-ultra-sound-money
• Bankless “Ultra Sound Money” (Mar 23)
• https://twitter.com/drakefjustin/status/1374049775474114562
• Bankless “Bull Case for Cryptography” (Jan 25)
• https://shows.banklesshq.com/p/-moon-math-the-bull-case-for-cryptography

London/EIP 1559/Ethereum 2.0 Resources

Unchained content

• Episodes
• Ethereum’s EIP-1559 Will Solve Some Problems But Big Ones Will Remain
• https://unchainedpodcast.com/ethereums-eip-1559-will-solve-some-problems-but-big-ones-will-remain/ 
• Ethereum 2.0: What You Need to Know
• https://unchainedpodcast.com/ethereum-2-0-what-you-need-to-know/
• Why Ethereum 2.0 Could Fail and How It Could Be Fixed
• https://unchainedpodcast.com/why-ethereum-2-0-could-fail-and-how-it-could-be-fixed/ 
• Previous resources
• EIP 1559 links (Tim Beiko)
• https://hackmd.io/@timbeiko/1559-resources 
• Messari Research
• https://messari.io/pdf/messari-report-eth2-the-next-evolution-of-cryptoeconomy.pdf 
• Staked ETH address
• https://etherscan.io/address/0x00000000219ab540356cBB839Cbe05303d7705Fa#analytics
• DETH of Ethereum
• https://medium.com/ideo-colab/the-deth-of-ethereum-98553866e81b
•  

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Kristin Smith, executive director at the Blockchain Association, discusses the latest news on a provision in the infrastructure bill that seeks to raise $28B from the crypto industry in taxes. Show highlights:

• how the original crypto provision within the infrastructure bill came to be
• why the expansion of the term “broker” is problematic in the original language of the bill
• what the Treasury and the White House have to do with this bill and how they, along with Senator Portman, are resisting change
• how Senators Ron Wyden, Pat Toomey, and Cynthia Lummis are attempting to change the language of the provision through an amendment
• how the crypto community rallied around Wyden's amendment 
• why Kristin believes a rival amendment put forward by Senators Warner and Portman and supported by the White House late Thursday is worse than the bill’s original language 
• when the Senate will be voting on the amendments
• how the amendment the White House supports seems harmful to proof-of-stake networks and bad for DeFi
• whether this is part of a master plan to regulate crypto in the US
• what Kristin hopes happens during the vote
• how the crypto community can have its voice heard
• how to fix the issues within the crypto policy world so this doesn’t happen again

Thank you to our sponsors!

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

Episode Links

Kristin Smith: https://twitter.com/KMSmithDC

Blockchain Association: https://theblockchainassociation.org/

Infrastructure Bill Information

Latest Coverage:

• https://decrypt.co/77838/rival-amendment-senate-infrastructure-bill-threatens-proof-stake

• https://decrypt.co/77859/crypto-industry-mobilizes-to-stop-controversial-tax-plan
• https://decrypt.co/77841/biden-crypto-infrastructure-bill-amendments
• https://www.eff.org/deeplinks/2021/08/16-civil-society-organizations-call-congress-fix-cryptocurrency-provision 
• https://decrypt.co/77681/senators-move-exempt-bitcoin-miners-tax-provision-infrastructure-bill
• https://www.forbes.com/sites/jonathanponciano/2021/08/04/senators-propose-change-to-new-crypto-rules-for-tax-reporting-heres-whos-affected/
• https://twitter.com/BlockchainAssn/status/1422976741715361792
• https://twitter.com/jerrybrito/status/1422002228102107142
• https://www.theblockcrypto.com/linked/113196/wyden-crypto-language-in-infrastructure-bill-fails-to-understand-how-the-technology-works
• https://www.coindesk.com/new-infrastructure-bill-looks-to-raise-30b-through-crypto-taxes
• https://twitter.com/jchervinsky/status/1421150344051048451
• https://twitter.com/NeerajKA/status/1421242689148932105
• https://www.cnn.com/2021/08/01/politics/bipartisan-infrastructure-bill-collins-manchin-senate-cnntv/index.html
• https://www.coindesk.com/gop-lawmaker-janet-yellens-treasury-likely-behind-surprise-crypto-bill 

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CFTC Commissioners Dan Berkovitz and Brian Quintenz discuss the difficulties of regulating crypto derivatives and DeFi. Show highlights:

• their backgrounds
• what the CFTC’s duties are regarding crypto
• how the CFTC’s jurisdiction has evolved over the years
• why Commissioner Quintenz believes SEC Commissioner Hester Peirce’s safe harbor proposal is “brilliant”
• what relationship the CFTC and SEC have when making decisions on crypto assets
• why the commissioners believe CFTC’s complaints regarding BitMEX are “well-founded”
• why formal regulation for crypto derivatives is unlikely to be produced by the CFTC
• why leveraged derivatives products are a “concern” to the CFTC
• what makes regulating DeFi platforms so difficult
• when it comes to DeFi, who is a natural entity for the CFTC to regulate, if any
• whether the CFTC would ever go after DeFi "market participants," who the CFTC also regulates
• why smart contracts involving futures could be illegal 
• how the possibility that smart contracts could be illegal squares with the view that software development is a form of free speech 
• whether the CFTC could prosecute developers who write smart contracts
• whether the CFTC needs to re-write its laws in light of DeFi innovation
• why Commissioner Berkovitz thinks the DeFi “winners” will be protocols that focus on meeting regulatory requirements
• why the CFTC approved Bitcoin futures in 2017 while the SEC has not yet approved a Bitcoin ETF
• how a Bitcoin ETF could solve Bitcoin’s accounting issue, which currently gives companies no upside for adding BTC to its balance sheet

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Conjure: https://conjure.finance 

Episode Links

People

Dan Berkovitz, CFTC Commissioner (Sep 2018+)

• CFTC website: https://www.cftc.gov/About/Commissioners/CommissionerDanMBerkovitz/index.htm
• Twitter: https://twitter.com/CFTCberkovitz 

Brian Quintenz, CFTC Commissioner (Aug 2017+)

• CFTC website: https://www.cftc.gov/About/Commissioners/BrianQuintenz/index.htm
• Twitter: https://twitter.com/CFTCquintenz 

Related Links

• CFTC digital asset resources: https://www.cftc.gov/digitalassets/index.htm
• Commissioner Berkovitz DeFi speech: https://www.theblockcrypto.com/linked/107769/cftc-commissioner-criticizes-defi-decries-lack-of-intermediaries
• Commissioner Quintenz smart contracts/blockchain speech: https://www.cftc.gov/PressRoom/SpeechesTestimony/opaquintenz16
• CFTC jurisdiction over digital assets: https://www.cftc.gov/PressRoom/SpeechesTestimony/giancarlostatement010418 
• CFTC BitMEX complaint: https://www.cftc.gov/PressRoom/PressReleases/8270-20
• FTX and Binance remove high leverage: https://decrypt.co/76858/ftx-and-binance-remove-high-leverage-from-exchanges
• SEC Commissioner Hester Peirce’s safe harbor proposal: https://www.sec.gov/news/public-statement/peirce-statement-token-safe-harbor-proposal-2.0 

Bitcoin futures approval from CFTC in 2017: https://www.businessinsider.com/bitcoin-price-futures-trading-exchanges-cftc-2017-12

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Leah Callon-Butler, director of Emfarsis, discusses her documentary, “Play-to-Earn: NFT Gaming in the Philippines,” and the real-world impact that crypto is having in the Philippines. Show highlights:

• how the Axie Infinity movement started in the Philippines
• how much money players can earn through Axie Infinity compared to normal wages in the Philippines
• how Filipino crypto exchanges are catering to Axie Infinity players to make it easier to cash out their earnings
• what percentage of Axie Infinity players live in the Philippines
• why the game is so popular in rural areas
• what about Axie Infinity is bringing in non-crypto native players
• why Axie Infinity now has high barriers to entry
• how players have created their own system for helping bring new users into Axie Infinity
• how Axie Infinity scholarships work
• what Leah thinks about Yield Guild Games’s relationship with Axie Infinity

Thank you to our sponsors!

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

Oasis: https://oasisprotocol.org/ 

NEAR: https://near.org 

Episode Links

Leah Callon-Butler: https://twitter.com/leah_cb 

Emfarsis: https://emfarsis.com/

Axie Infinity:

• Documentary: https://www.youtube.com/watch?v=Yo-BrASMHU4 
• Coverage
• • https://www.cnbc.com/2021/05/14/people-in-philippines-earn-cryptocurrency-playing-nft-video-game-axie-infinity.html
  • https://venturebeat.com/2021/05/13/how-a-rural-filipino-community-is-earning-a-living-playing-an-nft-game/
  • https://hypebeast.com/2021/5/axie-infinity-nft-cryptocurrency-game-philippines-documentary
  • https://www.esquiremag.ph/money/industry/axie-infinity-mobile-game-cryptocurrency-nft-a00289-20210521

Leah’s NFT/Axie Infinity writings:

• https://www.coindesk.com/the-metaverses-emerging-economics 
• https://www.coindesk.com/how-axie-infinity-creates-work-in-the-metaverse
• https://www.coindesk.com/nft-game-filipinos-covid 
• https://www.coindesk.com/artists-who-now-make-a-living-because-of-nfts
• https://www.coindesk.com/for-filipinos-axie-infinity-is-more-than-a-crypto-game
• https://www.coindesk.com/here-comes-the-virtual-real-estate-boom
• https://www.coindesk.com/vindicatio-nft-pioneer-looks-ahead 

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ShapeShift recently announced an intent to decentralize -- a move that would transition the one-time centralized exchange to a full-on DAO. Erik Voorhees, founder and CEO of ShapeShift, comes onto the show to talk about decentralizing the exchange, along with his thoughts on Bitcoin maximalism and crypto regulation. Show highlights:

• why ShapeShift is decentralizing the company 
• how ShapeShift used to work
• what needs to happen for ShapeShift to decentralize
• why user experience should not change during the transition
• how the FOX token works
• what parts of a company cannot be decentralized yet
• how ShapeShift’s forthcoming foundation will function
• how ShapeShift decided upon the allocations for the FOX token airdrop
• why ShapeShift employee and shareholder FOX tokens are locked up for three years
• what Erik’s role will be going forward
• how ShapeShift plans to attract devs
• why Erik believes FOX is not a security
• how Erik wants the SEC to handle crypto
• why he believes THORChain is one of the most critical projects in crypto
• why he is opposed to Bitcoin maximalism
• Erik’s thoughts on BitMEX’s and Binance’s regulatory issues
• what he thinks about stablecoin regulation
• Why Erik believes ShapeShift and Uniswap are not competitors

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2 

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero 

Conjure: https://conjure.finance 

Episode Links

Erik Voorhees

• Twitter: https://twitter.com/ErikVoorhees
• Previous Unchained appearance: https://unchainedpodcast.com/shapeshifts-erik-voorhees-on-how-crypto-will-separate-money-and-state/

ShapeShift: https://beta.shapeshift.com/ 

Decentralizing

• Tweet thread: https://twitter.com/ErikVoorhees/status/1415339998740508674
• Blog post: https://erikvoorhees.medium.com/shapeshift-is-decentralizing-639bb4c82fc8
• Airdrop info: https://shapeshift.com/shapeshift-decentralize-airdrop
• FOX token contract: https://etherscan.io/token/0xc770eefad204b5180df6a14ee197d99d808ee52d 
• CoinDesk write-up: https://www.coindesk.com/shapeshift-to-shut-down-airdrop-fox-tokens-to-decentralize-itself-out-of-existence 
• FOX token analysis: https://www.coindesk.com/shapeshift-fox-token-rally-yield-play-daos 

Other

• THORChain: https://erikvoorhees.medium.com/an-introduction-to-thorchain-for-bitcoiners
• Getting booed at Miami BTC Conference: https://twitter.com/finematics/status/1401498099441405953
• Paxos stablecoin blog: https://www.paxos.com/a-regulated-stablecoin-means-having-a-regulator/
• Circle reveals reserves: https://www.theblockcrypto.com/linked/112001/circle-reveals-majority-of-usdc-reserves-are-in-cash-and-cash-equivalents 
• CFTC and BitMEX: https://www.cftc.gov/PressRoom/PressReleases/8270-20

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Neha Narula, director of the Digital Currency Initiative at the MIT Media Lab, discusses Elon Musk’s appearance at ‘The B Word’ conference, along with a few current events in the Bitcoin world. Show highlights:

• her main takeaway from ‘The B Word’ conference
• why governance plays an essential role in Bitcoin’s block size arguments
• what Neha thinks of proof-of-work mining and Bitcon’s environmental concerns
• why Neha is skeptical of Dogecoin becoming a serious cryptocurrency
• why Jack Dorsey’s new Bitcoin platform business is a good idea
• what Bitcoin’s dip in hashrate due to China’s crackdown could affect network security going forward
• what questions Neha has about Bitcoin’s adoption in El Salvador
• why Neha thinks cryptocurrencies and CBDCs will coexist
• what DCI has planned for the rest of 2021

Thank you to our sponsors!

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

Oasis: https://oasisprotocol.org/ 

NEAR: https://near.org 

Episode Links:

• Neha Narula: https://twitter.com/neha
• MIT Media Lab: ​​https://twitter.com/medialab 
• Digital Currency Initiative
• • https://dci.mit.edu/
  • CBDC research
  • • https://dci.mit.edu/cbdc-central-bank-digital-currency 
  • Bitcoin network development
  • • https://dci.mit.edu/cbdc-central-bank-digital-currency 
• The B Word conference
• • Elon Musk, Jack Dorsey, Cathie Wood conversation:

• https://www.youtube.com/watch?v=Zwx_7XAJ3p0 

• Neha’s appearance:
• • https://www.thebword.org/c/track-3-Supporting-the-Developer-Ecosystem

• Miscellaneous
• • Square’s Bitcoin DeFi platform
  • • https://www.cnbc.com/2021/07/16/square-is-building-a-decentralized-finance-business-for-bitcoin.html
  • Bitcoin and El Salvador
  • • https://www.cnbc.com/2021/06/05/el-salvador-becomes-the-first-country-to-adopt-bitcoin-as-legal-tender-.html
  • Bitcoin hashrate drop
  • • https://www.cnbc.com/2021/06/15/chinas-bitcoin-miner-exodus-.html 

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Gurvais Grigg, Chainalysis public sector CTO, and Kim Grauer, director of research at Chainalysis, review the ransomware landscape. Show Highlights:

• their backgrounds and roles at Chainalysis
• how a ransomware attack works
• what types of businesses are usually targeted in ransomware attacks
• why ransomware as a service (RAAS) is a booming business
• why Kim and Gurvais believe the hacking group REvil is becoming more sophisticated
• what characteristic of REvil hints that the group could be affiliated with Russia
• how the RAAS business model works
• how ransomware payments can be tracked
• why ransomware reporting has a data problem
• why Bitcoin is the preferred method of payment amongst ransomware attackers
• what two factors makes BTC preferable to privacy coins
• how ransomware groups teach victims to transfer BTC
• how ransomware groups cash out of their BTC
• how counter-terrorism tactics can help fight ransomware attacks
• how the Department of Justice may have partially recovered part of the Colonial Pipeline ransomware payment
• what tools and strategies governments can and will use to battle ransomware

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2 

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero 

Conjure: https://conjure.finance 

Episode Links

People

Kim Grauer - Director of Research at Chainalysis

• https://www.linkedin.com/in/kimberly-grauer-a9501144

Gurvais Grigg - Global Public Sector Chief Technology Officer at Chainalysis

• https://www.linkedin.com/in/gurvais-grigg-b1027a153/ 

Chainalsysis Ransomware Data

• https://go.chainalysis.com/rs/503-FAP-074/images/Ransomware-2021-update.pdf  

• https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis-Crypto-Crime-2021.pdf  

• https://blog.chainalysis.com/reports/applying-counterterrorism-strategies-to-ransomware  
• https://blog.chainalysis.com/reports/eastern-europe-cryptocurrency-market-2020 

Ransomware Attacks

• Kaseya
• • https://decrypt.co/75246/what-the-revil-ransomware-attack-means-for-crypto
  • https://www.abc.net.au/news/2021-07-03/ransomware-attack-us-revil/100265656 
• Colonial Pipeline
• • https://ciphertrace.com/ransomware-seizure-blockchain-analytics-helps-us-authorities-seize-over-2-million-in-darkside-ransom-paid-by-colonial-pipeline/ 
  • https://www.elliptic.co/blog/us-authorities-seize-darkside 
• JBS Holdings
• • https://www.wsj.com/articles/jbs-paid-11-million-to-resolve-ransomware-attack

Other

• Chainalysis 
• • Twitter: https://twitter.com/chainalysis
  • Website: https://www.chainalysis.com/
• Who is REvil? 
• • https://fortune.com/2021/07/07/what-is-revil-ransomware-attack-kaseya/
  • https://unit42.paloaltonetworks.com/revil-threat-actors/ 
• Combating ransomware: https://securityandtechnology.org/ransomwaretaskforce/report/ 
• Why Gurvais joined Chainalysis: https://blog.chainalysis.com/reports/gurvais-grigg-chainalysis 

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Christine Parker, partner at Reed Smith, summarizes the slew of regulatory headlines facing Binance and how such scrutiny may affect the exchange going forward. Show highlights:

• which countries are investigating Binance
• why it has been difficult for governing bodies to regulate Binance
• whether the reports that regulatory bodies, like the CFTC/IRS/DOJ, coming after Binance are correct
• when Christine expects regulators to make a move against Binance
• how hiring ex-regulators might help Binance in Congress
• whether Binance’s strategy of leaving countries with tight regulations helped or hurt the exchange
• what Christine thinks of Binance’s strategy to localize its business model 
• whether or not it is too late to avoid regulatory penalties for Binance
• why transitioning to a DAO business model would not absolve Binance of prior infractions
• how the BitMEX situation could inform Binance
• whether criminal charges could be in Binance CEO Changpeng Zhao’s future

Thank you to our sponsors!

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

Oasis: https://oasisprotocol.org 

NEAR: https://near.org  

Episode Links

Christine Parker: https://www.linkedin.com/in/christine-parker-b09a31/

Binance Investigations

• https://www.coindesk.com/state-of-crypto-binance-is-firmly-in-the-regulatory-crosshairs 
• https://www.theblockcrypto.com/post/110380/thailand-sec-binance-crypto-exchange-criminal-complaint
• https://www.theblockcrypto.com/linked/104836/binance-crypto-irs-us-government-investigation-report
• https://www.theblockcrypto.com/post/110510/barclays-customers-in-the-u-k-can-no-longer-transfer-funds-to-binance
• https://www.theblockcrypto.com/linked/110617/binance-suspends-deposits-from-key-european-payments-network
• https://www.theblockcrypto.com/post/111482/italy-binance-consob-warning

Binance Material

• CZ letter
• • https://www.binance.com/en/blog/421499824684902301/A-Letter-from-Our-CEO-Reflecting-on-Progress-and-the-Road-Ahead
• CZ Unchained appearance
• • https://unchainedpodcast.com/listen-to-cz-compare-binance-to-bitcoin/ 
• Binance’s compliance hiring spree
• • https://www.radicalcompliance.com/2021/07/08/binance-compliance-hiring-spree/

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Aaron Wright, co-founder of OpenLaw and Professor at Cardozo Law, and Ross Campbell, SushiSwap core developer and LexDAO contributor, discuss the latest breakthroughs and legal implications in the burgeoning world of DAOs. Show highlights:

• how Aaron and Ross fell down the crypto rabbit hole
• whether a DAO, like Curve, could sue to protect its IP
• when a governance token might be considered a security
• who owns the copyright to a DAO
• how SushiSwap handles its open-source licenses
• why Ross views Uniswap’s business license as a good thing
• what an DAO is and how the idea stems from Bitcoin
• how Wyoming’s DAO law works
• what makes a Wyoming DAO different from a DAO registered as a Delaware LLC
• how an algorithmically managed DAO might work in the future
• why Aaron thinks a DAO should not be allowed to be manager-managed
• why wrapping a DAO into an LLC could be advantageous
• the difference between private and public ordering

Thank you to our sponsors!

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Conjure: https://conjure.finance 

Episode Links

People

Ross Campbell

• Social
• • Twitter: https://twitter.com/r_ross_campbell
  • Medium: https://medium.com/@rosscampbell9 
• Career
• • OpenLaw: https://www.openlaw.io/
  • LexDAO: https://lexdao.substack.com/people/867851-ross-campbell
  • SushiSwap: https://app.sushi.com/swap 

Aaron Wright

• Social
• • Twitter: https://twitter.com/awrigh01
• Career
• • OpenLaw: https://www.openlaw.io/
  • Cardozo Law: https://cardozo.yu.edu/directory/aaron-wright
• Content
• • The Rise of DAOs: https://stanford-jblp.pubpub.org/pub/rise-of-daos/release/1

DAO Information

Basics:

• https://ethereum.org/en/dao/ 
• https://1729.com/daos 

Kain Warwick: DAO First Capital Formation

• https://blog.synthetix.io/dao-first-capital-formation/ 
• https://twitter.com/kaiynne/status/1287961077041393664

DAO Stats

• https://deepdao.io/ 

Wyoming:

• https://www.wyoleg.gov/2021/Engross/SF0038.pdf
• https://lexnode.substack.com/p/wyomings-legal-dao-saster
• https://twitter.com/prestonjbyrne/status/1370002015644962816?s=20
• https://www.coindesk.com/wyoming-dao-llc-law-passed 
• https://twitter.com/lex_node/status/1407668599205027843?s=20
• https://decrypt.co/75222/americas-first-dao-approved-in-wyoming 

Delaware:

• https://ricardian.gitbook.io/ricardian-llc/is-ricardian-legal 

Curve IP: 

• https://gov.curve.fi/t/cip-xx-enforce-curves-ip-rights/1890
• https://www.theblockcrypto.com/post/108561/the-first-dao-lawsuit-proposal-asks-if-curve-should-protect-its-ip
• https://www.coindesk.com/curve-dao-contemplates-its-intellectual-property 
• https://twitter.com/SamMiorelli/status/1405141398479847426
• https://twitter.com/lex_node/status/1405251782574497799 

Uniswap V3

• https://www.coindesk.com/uniswap-v3-introduces-new-license-to-spoil-future-sushis 
• https://twitter.com/jchervinsky/status/1374738548239314951
• https://defiprime.com/uniswap-v3-explained

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Aleksander Larsen, co-founder and COO of Axie Infinity, discusses Axie Infinity’s recent growth, which has seen the platform do 20X the volume of NBA Top Shot in recent days. Show highlights:

• what is Axie Infinity?
• why there has been such an uptick in network activity and profitability
• how the Axie Infinity team came together 
• how Axie Infinity uses blockchain technology within its game
• how Axie Infinity leverages the ‘play to earn’ mania sweeping across Web3 applications
• what problems may arise as Axie Infinity starts to decentralize 
• how Axie Infinity is attempting to lower the expensive barrier to entry that comes with blockchain-based games
• why the Philippines is going crazy for Axie Infinity
• why building out a sidechain has been such a positive development for the company
• the two ways Axie Ininity makes money
• what’s next for Axie Infinity

Thank you to our sponsors!

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

Oasis: https://oasisprotocol.org 

NEAR: https://near.org 

Episode Links

Aleksander Larsen: https://twitter.com/Psycheout86

Axie Infinity: https://axieinfinity.com/ 

Content

• Philippines: https://www.cnbc.com/2021/05/14/people-in-philippines-earn-cryptocurrency-playing-nft-video-game-axie-infinity.html
• Sidechain: https://medium.com/axie-infinity/introducing-ronin-axie-infinitys-ethereum-sidechain-8745e31eaef1
• The Game That Helps Pay Bills: https://startups.my/the-game-that-helps-pay-bills-axie-infinity/
• CoinDesk write up: https://www.coindesk.com/axie-infinity-token-quadruples-nfts
• Play-to-earn: https://metaportal.substack.com/p/the-memetic-power-of-play-to-earn
• Unchained Axie Infinity write-up: https://unchainedpodcast.com/this-nft-marketplace-does-20x-the-volume-of-nba-top-shot/

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Kevin Zhang, vice president of business development at Foundry, breaks down the latest developments surrounding China and bitcoin mining. Show highlights: 

• how he came across crypto and which Bitcoin OG he joined at Bitcoin.com to help start its mining operations arm
• what Foundry does and its relationship with Digital Currency Group (DCG)
• why DCG wanted to build out a mining infrastructure business
• what news from China in early March kickstarted the process of the mining ban
• how China’s Central Television broadcasting company might have brought extra scrutiny to cryptocurrencies 
• what the 100th anniversary of the Chinese Communist Party has to do with its Bitcoin mining ban
• why the Inner Mongolia and Sichuan Bitcoin mining bans were especially disruptive for Chinese miners
• how much of China’s hash rate Kevin estimates has been shut down since May
• where are miners relocating to 
• why Chinese mining equipment will not be allowed to turn on in the US
• whether or not China’s Bitcoin mining ban will stick
• why China banning bitcoin mining will be good for the network in the long run 
• what significant risk to Bitcoin’s network is solved by China banning bitcoin mining
• how much Bitcoin’s hash rate will drop and what effect this will have on miner revenue
• why Kevin thinks that Bitcoin is good for renewable energy
• how immersion cooling technology works
• what tangible benefits miners could find by moving to North America
• if El Salvador’s volcanic bitcoin mining plan is feasible
• what Kevin predicts will happen in the Bitcoin mining industry for the latter half of 2021

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2     

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero     

Conjure: https://conjure.finance  

Episode Links

Kevin Zhang

• Twitter: https://twitter.com/SinoCrypto 
• Mining tweet storms:
• • https://twitter.com/SinoCrypto/status/1407524150885994497
  • https://twitter.com/SinoCrypto/status/1409227438262046723 
• Content from previous work experience:
• • Greenridge Generation
  • • https://www.theblockcrypto.com/linked/57943/a-power-plant-in-new-york-is-reportedly-mining-roughly-50000-in-bitcoin-each-day 
  • Project Spokane
  • • https://medium.com/@derekbrouwer/the-bitcoin-barons-how-a-marketer-and-a-money-launderer-sold-montana-on-digital-gold-2a255c96c981 

Foundry, Subsidiary of DCG

• Twitter: https://twitter.com/foundryservices
• Website: https://foundrydigital.com/ 
• Foundry USA Pool
• • Bit Digital: https://www.prnewswire.com/news-releases/bit-digital-joins-foundry-usa-pool-with-5-679-machines-adding-up-to-280-phs-of-compute-power-to-the-pool-301283792.html 
  • Bitfarms partnership: https://www.globenewswire.com/news-release/2021/04/23/2215897/0/en/Bitfarms-Partners-with-Foundry-to-Expand-Bitcoin-Mining-Fleet-and-Join-Foundry-USA-Pool-Instantly-Boosts-Operating-Hashrate-By-15.html 

China’s Bitcoin Mining Ban

• Travis Kling noted 25 different announcements from China in June alone:
• • https://twitter.com/Travis_Kling/status/1410630499748388865 
• Glassnode: mining difficulty to face its largest decrease ever
• • https://insights.glassnode.com/the-week-on-chain-week-26-2021/ 
• The Block: hash rate dropped 50%, Foundry up while everyone else is hurting
• • https://www.theblockcrypto.com/post/109315/bitcoin-hashrate-declines-50-percent-china-mining-crackdown
• Nic Carter: breaking down the hashrate migration
• • https://www.coindesk.com/bitcoin-unpacking-hashrate-nic-cart-migration

• Secondhand mining equipment prices are spiking
• • https://www.coindesk.com/chinese-logistics-firm-airlifting-bitcoin-mining-machines-to-maryland-report

• https://www.theblockcrypto.com/post/109301/secondhand-bitcoin-miner-supply-spiking-bitmain

• Bitcoin miners shut down, 26 farms affected after Sichuan bans BTC mining
• • https://www.coindesk.com/sichuan-becomes-latest-chinese-province-to-order-bitcoin-miner-shutdown
  • https://decrypt.co/74075/bitcoin-hashrate-falls-17-overnight-after-china-mining-crackdown
• China’s Inner Mongolia announced eight measures in its crypto ban
• • https://www.theblockcrypto.com/post/105973/china-inner-mongolia-crypto-bitcoin-mining-ban-measures 
• Hash rate hits yearly low
• • https://www.coindesk.com/bitcoin-mining-hashrate-drops-low
• Miners are moving to Kazakhstan
• • https://www.coindesk.com/chinese-bitcoin-mining-company-delivers-first-machines-to-kazakhstan
• Tweet thread on how bitcoin miners reacted to the PRC’s May crackdown
• •  https://twitter.com/MustafaYilham/status/1396574185598590979

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Sam Bankman-Fried, CEO and founder of FTX, explains FTX’s sports-centric advertising model and talks about what is on his regulatory wish list going forward. Show highlights:

• why Sam is so excited to bring Tom Brady and Gisele Bündchen onto the FTX team
• how FTX decides on who to sponsor
• why so many of FTX’s sponsorship are targeting US customers
• what makes the sports industry such an attractive place to advertise for FTX
• how FTX’s tokenized stocks work
• what Sam learned from the GameStop/Robinhood situation
• what makes FTX’s tokenized stocks different from Binance’s offering
• how FTX is dealing with regulatory obstacles
• what item is on the top of Sam’s regulatory wishlist
• whether FTT is a security

Thank you to our sponsors!

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

Oasis: https://oasisprotocol.org 

NEAR: https://near.org  

Episode Links

Sam Bankman-Fried

• Twitter: https://twitter.com/SBF_Alameda 
• Previous Unchained appearance: https://unchainedpodcast.com/why-the-gamestop-insanity-is-so-similar-to-crypto/ 

FTX

Website: https://ftx.com

Carbon credits: https://bitcoinmagazine.com/business/ftx-bitmex-to-become-carbon-neutral 

Tokenized Stocks

• FTX guidelines: https://help.ftx.com/hc/en-us/articles/360051229472-Tokenized-Stocks 
• CoinDesk: https://www.coindesk.com/ftx-follows-binances-lead-with-move-into-tokenized-stocks 

FTX Sports Deals

• NBA: https://www.coindesk.com/ftx-miami-heat-nfts 
• Tom Brady: https://decrypt.co/74771/tom-brady-and-gisele-bundchen-invest-in-ftx 
• TSM FTX: https://www.sporttechie.com/tsm-esports-signs-210-million-sponsorship-with-ftx-crypto-exchange
• MLB: https://www.coindesk.com/ftx-sponsors-mlb-umpires-to-wear-crypto-exchanges-logo

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Taylor Monahan, CEO of MyCrypto, and Tim Beiko, Ethereum Foundation core-dev facilitator, discuss the upcoming upgrade to the Ethereum network, EIP 1559. Show highlights:

• why Tim believes EIP 1559 is necessary
• what narrative is driving EIP 1559
• what problems the network upgrade will solve
• how Ethereum transactions/fees work
• whether gas prices are correlated with ETH/USD
• the 3 main protocol changes that EIP 1559 proposes
• why Taylor, as the CEO of a wallet provider, is wary of EIP 1559
• how EIP 1559 will affect Ethereum’s block size
• what changes wallet providers are considering due to EIP 1559
• whether ‘Black Swan’ events will be more or less likely after the network upgrade
• how EIP 1559 will affect miners
• whether Tim or Taylor believes that miners could fork Ethereum to stop EIP 1559
• how EIP 1559 will change the state of miner extractable value (MEV)
• how Taylor and Tim feel about the Ethereum as sound money narrative in light of EIP 1559
• when EIP 1559 will go live

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2    

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero    

Conjure: https://conjure.finance 

Episode Links

Taylor Monahan

• Twitter: https://twitter.com/tayvano_
• MyCrypto: https://mycrypto.com/ 

Tim Beiko

• Twitter: https://twitter.com/TimBeiko
• Ethereum Foundation: https://ethereum.org/en/foundation/ 

EIP 1559

• Resources: https://hackmd.io/@timbeiko/1559-resources
• Taylor Monahan tweets
• • https://twitter.com/tayvano_/status/1397725861575421953
  • https://twitter.com/tayvano_/status/1408000351916093441
  • https://twitter.com/tayvano_/status/1407853518493413379
• Actual proposal: https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1559.md 
• Research: http://timroughgarden.org/papers/eip1559.pdf 

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Will Clemente, author of the BTC by WC3 newsletter, breaks down the current state of Bitcoin’s on-chain activity and explains why he believes the market is in a mid-cycle lull rather than turning bearish. Show highlights: 

• why Will is not worried about a bear market
• what indicators make Will believe BTC is in a mid-cycle consolidation
• who is selling and driving the recent market downturn
• why Will thinks the unwinding of derivatives is a significant factor in Bitcoin’s move below $30K
• what Will believe institutions are waiting on before entering the market again
• how Bitcoin cycles can be broken down into mini hype-cycles
• how long-term holders are acting on-chain
• the difference between long-term holders versus short-term holders during bear and bull markets
• why Will is interested in finding data on Latin American Bitcoin users
• how long the consolidation process might take
• what metrics Will has his eyes on for the latter half of 2021

Thank you to our sponsors!

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

Oasis: https://oasisprotocol.org

NEAR: https://near.org 

Episode Links:

Will Clemente

Twitter: https://twitter.com/WClementeIII

Newsletter: https://btcbywc3.substack.com/

Miscellaneous Links

Unchained w/ Willy Woo and Raphael Shultze-Kraft: https://unchainedpodcast.com/will-bitcoins-price-go-up-again-yes-according-to-on-chain-analytics/ 

Willy Woo and Will Clemente ratio: https://twitter.com/woonomic/status/1407403983023460354

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Aaron Lammer, author and host of the Exit Scam podcast, recounts the mysterious and controversial death of QuadrigaCX’s founder Gerald Cotton. Show highlights:

• A quick recap of QuadrigaCX
• why Aaron felt compelled to create a series on QuadrigaCX
• how Gerald Cotton, a lifelong Ponzi-addict, came to be the CEO of Canada’s largest crypto exchange
• what Ponzi-schemes Gerald ran before starting Quadriga CX
• why customers trusted QuadrigaCX and what red flags were readily apparent looking back
• the sketchy tactic Gerald used to single-handedly boosted QuadrigaCX’s trading volume by 30% 
• a new wife, empty wallets, a hastily written will, and the circumstances surrounding Gerald’s shocking death
• how Gerald’s dark web background might have prepared him to fake his own death
• what the chances are that Canadian authorities exhume Gerald’s body 
• why Aaron is skeptical Gerald’s widow was “in” on the QuadrigaCX fiasco

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2   

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero   

Conjure: https://conjure.finance  

Episode Links

Aaron Lammer

• Co-founder of Longform.org + co-host of Longform Podcast (2010+)

• Treats Media -- podcast platform (2018+)

• Exit Scam

• CoinTalk: https://medium.com/s/cointalk 

Podcast

Twitter: https://twitter.com/exitscampod 

Episodes: 

1. The Lost Password
2. 1. https://podcasts.apple.com/us/podcast/the-lost-password/id1565845318?i=1000521095118 
   1. https://podcasts.apple.com/us/podcast/part-ii-the-co-founder/id1565845318?i=1000521984138 
3. The Co-Founder
   1. https://podcasts.apple.com/us/podcast/part-iii-the-ponzi-schemer/id1565845318?i=1000522885172
4. The Ponzi Schemer
   1. https://podcasts.apple.com/us/podcast/part-iv-the-chris-markay-account/id1565845318?i=1000523624957 
5. The Chris Markay Account
   1. https://podcasts.apple.com/us/podcast/part-v-the-old-friend/id1565845318?i=1000524470802
6. The Old Friend
   1. https://podcasts.apple.com/us/podcast/part-vi-the-coffin/id1565845318?i=1000525407259 
7. The Coffin

Quadriga

Deep Dives: 

• CBC News
• • https://newsinteractives.cbc.ca/longform/bitcoin-gerald-cotten-quadriga-cx-death 
• Vanity Fair
• • https://www.vanityfair.com/news/2019/11/the-strange-tale-of-quadriga-gerald-cotten 
• Amy Castor timeline
• • https://amycastor.com/2019/02/12/how-the-hell-did-we-get-here-a-timeline-of-quadrigacx-events/ 
• Ontario Securities Commission
• • https://www.osc.gov.on.ca/quadrigacxreport/ 

Details

• Ontario Securities Commission deems Quadriga an “old fashioned fraud” + “Ponzi”
• • https://www.vanityfair.com/news/2019/11/the-strange-tale-of-quadriga-gerald-cotten
  • https://www.coindesk.com/quadriga-was-a-ponzi-scheme-ontario-securities-regulator-says 
• Crypto officially recognized as property in Canada due to this case
• • https://www.lexology.com/library/detail.aspx?g=728711fd-5d3c-43ea-91b4-efb8c02f4bec
• Fun Reddit stuff
• • Is a Gerald Cotten alive? -- a poll:
  • • https://www.reddit.com/r/QuadrigaCX/comments/m17kip/is_gerald_cotten_really_dead/
  • Graphic connecting Michael Patryn to Omar Dhanani
  • • https://www.reddit.com/r/BitcoinCA/comments/828dnr/quadrigacx_cofounder_michael_patryn_is_a/ 
• Lawyers publicly request that RCMP exhume Gerald Cotten’s body
• • https://www.coindesk.com/lawyers-ramp-up-pressure-to-exhume-quadriga-ceos-body 
• Report on Gerald Cotten transferring funds into a personal account
• • https://www.theblockcrypto.com/linked/28259/quadrigacx-co-founder-transferred-user-funds-into-personal-accounts-ey

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Jaynti Kanani, cofounder and CEO of Polygon, discusses why the layer 2 solution has seen so much success during a down crypto market. Show highlights:

• what factors have led to Polygon’s and MATIC's impressive performance YTD
• how Polygon is scaling Ethereum
• what types of projects are taking off on Polygon
• how Polygon is attempting to address the issue of layer 2 composability 
• how Polygon plans to use its latest funding
• why Jaynti is confident Polygon will still be necessary after ETH 2.0 launches

Thank you to our sponsors!

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

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero  

NEAR: https://near.org  

Episode Links

Jaynti Kanani

Twitter: https://twitter.com/_jdkanani

Polygon

Website:  https://polygon.technology/ 

Overview:

• https://www.theblockresearch.com/polygon-a-technical-overview-105799
• https://www.theblockresearch.com/mapping-out-polygons-ecosystem-105540

Popularity:

• https://www.coindesk.com/defi-projects-continue-flocking-to-layer-2-solution-polygon 
• https://www.coindesk.com/institutional-investors-have-arrived-on-polygon-amid-rising-ethereum-layer-2-demand-blockchain-data
• https://www.coindesk.com/polygons-matic-token-ended-may-up-120-despite-bitcoins-price-crash 

Investments:

• https://www.coindesk.com/au21-capital-opens-polygon-fund
• https://www.coindesk.com/mark-cuban-invests-in-ethereum-layer-2-polygon

Miscellaneous:

• https://www.coindesk.com/okcoin-integrates-polygon-reduce-users-ethereum-gas-fees
• https://polygon.technology/lightpaper-polygon.pdf 
• https://www.coindesk.com/kyber-network-announces-polygon-integration-and-liquidity-mining-program
• https://defiwatch.net/second-letter-to-polygon/ 
• https://www.coindesk.com/google-cloud-now-provides-blockchain-insights-for-polygon-network
• https://www.coindesk.com/decentralized-exchange-aggregator-1inch-network-expands-to-polygon

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To celebrate the 5th anniversary of Unchained, I answer some questions submitted to me by the audience. In this episode, I cover:

• what I think about the relationship between psychedelics and crypto
• the most entertaining guest I’ve interviewed on Unchained
• why Coinbase founders may have a more impactful future on crypto than Ethereum founders
• which show has been the most impactful
• why I am a “nocoiner”
• where I believe DAOs fit into the future of crypto
• who my favorite guests have been over the years
• what I am most fearful and most hopeful about in the crypto space
• why I think user-friendly products are so important moving forward
• which DeFi projects I find the most interesting
• what sort of expenses go into producing Unchained
• which topics I would like to cover in the future
• the most surprising answers I have received in an interview (feat. CZ and Vitalik)
• what three cryptos I think will be most important three years from now
• if I think I have interviewed Satoshi :)
• my advice for anyone looking to change careers and go crypto
• who has been the hardest person to book on Unchained
• what crypto trend has surprised me the most in the past five years

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2  

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero  

Keychain: https://conjure.finance 

Episode Links

Twitter: https://twitter.com/Unchained_pod 

Daily Newsletter: https://unchainedpodcast.com/ 

Podcasts mentioned during the show:

• Vitalik Buterin on Ethereum’s Five-Year Anniversary
• • https://unchainedpodcast.com/vitalik-buterin-on-ethereums-five-year-anniversary/
• Listen to CZ Compare Binance to Bitcoin
• • https://unchainedpodcast.com/listen-to-cz-compare-binance-to-bitcoin/ 
• Mark Cuban on Why He Thinks ETH Is a Better Store of Value Than Bitcoin
• • https://unchainedpodcast.com/mark-cuban-on-why-he-thinks-eth-is-a-better-store-of-value-than-bitcoin/ 
• Meltem Demirors and Jill Carlson on the Shitcoin Waterfall – Ep.74
• • https://unchainedpodcast.com/meltem-demirors-and-jill-carlson-on-the-shitcoin-waterfall-ep-74/
• Yeonmi Park on Why Doing Business With North Korea Is Like Buying a Ticket to a Concentration Camp
• • https://unchainedpodcast.com/yeonmi-park-on-why-doing-business-with-north-korea-is-like-buying-a-ticket-to-a-concentration-camp/ 
• Andre Cronje of Yearn Finance on YFI and the Fair Launch: ‘I’m Lazy’
• • https://unchainedpodcast.com/andre-cronje-of-yearn-finance-on-yfi-and-the-fair-launch-im-lazy/ 
• Nick Tomaino on 1confirmation’s $125 Million Fund and What Future NFTs Will Look Like
• • https://unchainedpodcast.com/nick-tomaino-on-1confirmations-125-million-fund-and-what-future-nfts-will-look-like/ 
• Why Bitcoin’s December Price Target Is Now ‘Above $300,000’ (Willy Woo)
• • https://unchainedpodcast.com/charting-bitcoins-growth-with-willy-woo-and-peter-brandt/
• What Makes a CryptoKitty Worth $140,000? – Ep.75 (Roham Gharegozlou)
• • https://unchainedpodcast.com/what-makes-a-cryptokitty-worth-140000-ep-75

Why I don’t own crypto: https://twitter.com/laurashin/status/1376211065772576770

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ForUsAll recently announced a new product that will allow cryptocurrency investments to be made inside 401(k) retirement accounts. Jeff Schulte, CEO of ForUsAll, discusses why putting crypto in a 401(k) is such a game changer, how this differs from Bitcoin IRAs, and more! Show highlights: 

• how bringing crypto into a 401(k) with ForUsAll will work
• what “guardrails” ForUsAll is placing on investors who choose to invest in crypto
• the tax advantages of purchasing crypto within a 401(k)
• whether ForUsAll is offering a Roth IRA
• why nobody has offered crypto within a 401(k) before now
• what differentiates a crypto 401(k) from a self-directed IRA
• what are the fees for the 401(k), who it will be available to, and when it will launch
• how security and keys are being handled
• why ForUsAll is not offering every token available on Coinbase
• how ForUsAll is determining which cryptos will be available to trade 
• why offering crypto ETFs through a 401(k) may cause problems regarding the fiduciary risk of employers
• what new crypto features ForUsAll is excited to roll out

Thank you to our sponsors!

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

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero  

NEAR: https://near.org  

Episode Links

Jeff Schulte: https://www.linkedin.com/in/jeffschulteproductmanagment/ 

ForUsAll: https://www.forusall.com/ + https://twitter.com/ForUsAll401k 

Coinbase partnership: https://www.wsj.com/articles/coinbase-teams-up-with-401-k-provider-to-offer-crypto

https://fortune.com/2021/06/10/coinbase-crypto-401k-roth-offering-forusall/

https://www.theblockcrypto.com/post/108034/coinbase-forusall-401k-advisor-crypto-retirement-accounts

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