The Breakdown

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.

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Investing
1626
Narrative Watch: The Future of Crypto FUD
We’re over $9,000! That means a lot of good things, of course. But any price increase brings with it increased scrutiny and, yes, increased FUD. The question for this time around is whether the FUD is the same old same old or something new.  In...
22 min
1627
The Breakdown Weekly Recap | Jan 25 2020
A single long-form episode with all the week's content + a TL;DR. This week was all about macro frame-setting coming out of Davos.  Monday - 4 Reasons Crypto Should Care About Davos Tuesday - Gitcoin's Kevin Owocki on Controversy and the Future...
114 min
1628
Davos Takeaways, CBDCs & the Rise of Bitcoin Ar...
That’s a wrap! The World Economic Forum is over, and the key ideas coming out of Davos for our industry are: 1) a continued ‘blockchain, not crypto’ narrative; 2) a believe in the inevitability of cashless futures (without much concern about the...
20 min
1629
Will Mass Adoption Be More PayPal or Pornhub?
There is an ongoing debate in the crypto community about where mainstream adoption. One point of view is that it will be the slow steady acceptance of digital assets. On that front, Bakkt president Adam White said in Davos yesterday that the company...
19 min
1630
Why Vodafone’s Defection Won't Matter For Libra
News broke yesterday that the Libra Association had seen it’s 8th high profile defection, this time from the telecom giant Vodafone. In today’s episode of the breakdown, @nlw argues that Association members are far less of a factor in Libra’s...
18 min
1631
Gitcoin's Kevin Owocki on Controversy and the F...
Ever since announcing their fourth round of grants, Gitcoin has been a major subject of conversation across the Twittersphere. In addition to all the excited buzz from both technical projects and media creators vying for grants matched based on E....
27 min
1632
4 Reasons Crypto Should Care About Davos
The World Economic Forum kicks off today. CoinDesk and The Block both have representatives there. Numerous panels relate to topics around the industry. At the same time, the centralized power structure is something of an anathema to the world crypto...
22 min
1633
The Breakdown Weekly Recap | Jan 18 2020
A single long-form episode with all daily episodes of The Breakdown along with a TL;DR on the week: Monday - Tokenized NBA Contracts & The Hunt For Crypto’s Killer App Tuesday - Mati Greenspan on the Technical and Macro Roots of Bitcoin’s...
104 min
1634
Tyrone Ross On The Next Million Crypto Investors
One man. Three piping hot takes. In this special interview episode of The Breakdown, financial advisor and crypto advocate Tyrone Ross shares his thoughts on: Why Financial Advisors are the key to bringing in the next wave of crypto investors Why...
28 min
1635
Why ‘Crypto Dad’ Is Building the Digital Dollar...
As Libra continues to spur discussions among regulators around the world, and China’s digital yuan comes ever closer to fruition, the U.S. Federal Reserve seems disinclined to look seriously at a digital dollar. Ex-CFTC Chair Chris Giancarlo - aka...
16 min
1636
Why DeFi Is Surging As The Market Pumps
Crypto tokens weren’t the only thing that saw a major pump yesterday. The total value locked in DeFi ascended to new heights. While part of this can be explained simply by the rise in ETH price, it also reflected traders turning to DeFi platforms as...
16 min
1637
Mati Greenspan on the Technical and Macro Roots...
Bitcoin is up more than 8% in the last 24 hours. BSV, meanwhile, is up nearly a whopping 100%. The question is, of course, why? Is it some larger macro context? A pump-and-dump? Or just the crypto markets being as crazy as they are. The Breakdown...
18 min
1638
Tokenized NBA Contracts & The Hunt For Crypto’s...
Starting today, accredited investors will be able to part of $13.5m in tokenized bonds connected to the contract of Brooklyn Nets Point Guard Spencer Dinwiddie. The first-of-its-kind offering took months of negotiation with the NBA but marks a seminal...
20 min
1639
The Breakdown Weekly Recap | Jan 11 2020
All 5 episodes of The Breakdown in one long file. By popular demand, this is an experiment to see if it's useful to have the full week's episodes compiled in a single file. I've also summed up what I think is most important about the week. Let me know...
74 min
1640
China Completes "Top-Level" Digital Currency De...
China’s digital currency project continues to move ahead aggressively, with a new paper from the People’s Bank of China suggesting that a core design is complete. Whatever stage of development the currency actually is, it’s clear that China...
16 min
1641
Why 2020 Is The Year Of DAOs feat Aragon's Luis...
The aftershock of the 2016 The DAO hack meant that DAOs weren’t nearly as hyped as ICOs and later some other aspects of the web3 movement. In 2019, however, DAOs came roaring back and start 2020 with the wind at their sails.  In this episode,...
20 min
1642
Travis Kling on the BTC Bump and Safe Haven Status
The conversation about whether bitcoin is a safe haven asset continues in the wake of Iranian missile strikes, which saw the price of BTC both surge and retrace in parallel with crude and gold. To help explain what’s going on, we feature comments...
16 min
1643
How Compliance Costs Could Kill Crypto Innovation
In their annual transparency report, Kraken reported seeing a 50% increase in regulatory inquiries as compared to 2018, which CEO Jesse Powell later revealed cost the exchange more than $1m. Between this and stories like the $2m it cost Blockstack to...
17 min
1644
What Iran and Instability Mean For Bitcoin
Last week, the US government took out a key Iranian military leader. As the world - and the markets - reacts to the news, some are asking what happens with bitcoin. With global instability on the rise, will more people turn to bitcoin as a safe haven...
17 min
1645
YouTube, Tron and the Pipedream of Decentralize...
The past few weeks have seen multiple instances of large, centralized tech giants censoring crypto related content and activity. Noticed in the context of the Coinbase Wallet, Apple is pushing back against apps that have anything to do with Dapps....
12 min
1646
Taylor Monahan on Crypto’s Divergent Possibilit...
Taylor Monahan is the founder and CEO of MyCrypto. In this interview as part of The Breakdown’s end of year coverage, she argues that the level of discourse in crypto matured in 2019, with more focus on things that actually matter. That’s...
17 min
1647
Tom Shaughnessy & Jordan Clifford on Layer 1 Wa...
Tom Shaughnessy is a co-founder at Delphi Digital as well as the host of the Chain Reaction podcast. Jordan Clifford is managing director of Scalar Capital. In this end of year interview for The Breakdown, Tom argues that the big story of 2019 was...
25 min
1648
Katherine Wu on DeFi and the Inevitability of t...
Katherine Wu was a founding team member at Messari before moving into a VC role at Notation Capital, but is perhaps best known in crypto for her epic annotations of key regulatory enforcement actions. In this end of year interview with The Breakdown,...
16 min
1649
Camila Russo and David Hoffman on the 2020 DeFi...
Sometimes things are clear, and to both Camila Russo (write of The Defiant newsletter) and David Hoffman (co-host of the Crypto POV podcast), it couldn’t be clearer that the essential narrative of 2019 was the rise of DeFi as a true market force. In...
24 min
1650
Marty Bent on the Macro Fires on the Horizon
Marty Bent is the author of one of the most popular daily Bitcoin newsletters and co-host of Tales From The Crypt. In this end of year interview with The Breakdown, he talks about the macro context - from trade wars to pressure on the fed to continue...
14 min