A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.
Rob ‘Crypto Bobby’ Paone and Preethi Kasireddy ...
Rob Paone, aka Crypto Bobby, got his start as a popular crypto YouTuber and has gone on to help build a number of crypto companies before launching his own technical recruitment firm. Preethi Kasireddy is the founder of the TruStory debate platform....
22 min
1677
Meltem Demirors on Government Digital Currencie...
One of CoinDesk’s ten most influential people of 2019, Melem Demirors is a crypto renaissance woman, known best for investing, operating as CSO of CoinShares, and for explaining ‘shitcoins’ to Congress. In this end of year Breakdown, Meltem...
10 min
1678
Peter McCormack On A Defiant New Era For Bitcoin
Peter McCormack is one of the most prominent podcasters in the space. In 2019, he added a new podcast called “Defiance” and focused on the intersection of bitcoin, human rights, and political activism to complement his “What Bitcoin Did”...
17 min
1679
Art Haus Ethereum Meets Bitcoin Financialization
One of the most important (yet somehow quiet) narratives of 2019 has been the financialization of bitcoin and the emergence of a robust market for derivative products. That was reinforced today as Binance announced a significant investment in...
14 min
1680
Should the Government Have A Say In Where You I...
Accredited investor laws block most of the US out of technology and other types of early stage risk investing, but as the ICO boom showed, not being allowed to do something doesn’t mean that people don’t want to do it. The SEC announced...
21 min
1681
“Stacking Sats” vs. “ETH is Money” - The Memes ...
From “digital gold” to “stacking sats” to “ETH is money,” 2019 was a year of narrative battlegrounds and meme warfare. And when every narrative is competing for scarce resources and attention, things are sure to get contentious. This...
23 min
1682
Productizing bitcoin maximalism and the emergen...
More crypto businesses are transitioning to or choosing to focus exclusively on bitcoin only from the beginning, in some ways representing a productization of bitcoin maximalism. In China, however, the government is cracking down fiercly on resurgent...
If 2019 saw bitcoin come together around the digital gold/digital SoV narrative, is 2020 poised for a resurgence of the idea of payments utility, thanks to Lightning powered applications? One beta test of a LN point-of-sale app suggests maybe. ...
17 min
1684
The ECB Gets In On Stablecoins, 2017 Token Proj...
European Central Bank President Christine Lagarde’s comments on stable coins flew around crypto Twitter yesterday, as she said projects in the space indicated clear demand (even while slighting bitcoin in the same statement). Meanwhile, two once...
20 min
1685
Regulatory smackdown, DeFi on Bitcoin, and Jack...
The last few days have seen significant regulatory action, from SEC charging Shopin’s CEO with fraud over a $42m ICO to a major coordinated federal action against a $722m crypto Ponzi scheme. Over in the world of decentralized finance, meanwhile, a...
22 min
1686
Narrative Watch: The Tokenization Saga Continues
Three stories about tokenization today: ShapeShift launching FOX (an exchange token); BlockTV launching a token for media contributions; Satoshi's Treasure helping Tezos distribute tokens through games. That's enough to get me curious and thinking...
26 min
1687
Multi-Collateral DAI goes live / Not so privacy...
After a huge amount of work, MakerDAO's multi-collateral DAI is live. Only one new token (Brave's BAT) is in the ecosystem, but it heralds the beginning of a new era. In the world of privacy coins, the MimbleWimble protocol is pushing back against a...
16 min
1688
Why did Satoshi choose Halloween to publish the...
11 years ago today, on Halloween 2008, Satoshi shared the bitcoin whitepaper for the first time. The question is: why choose that date? Satoshi was extremely intentional, so it seems unlikely to be random. In this, we explore multiple explanations,...
11 min
1689
Bitmain power struggle / Russian crypto intrigu...
Today was a quick news briefing: Bitmain power struggles as Jihan Wu pulls a coup to return China bans anti-blockchain sentiment Russian crypto intrigue that could confirm the US' worst fears Coinlist raises $10m from Jack Dorsey (among others)...
15 min
1690
Mass Adoption - But Of What? And At What Cost?
Times, how they've changed. The surge in bitcoin price and the explosion of China into blockchain has heads spinning. Some argue that we should be celebrating mass adoption of any type. In this audio op-ed, however, I argue that there are two key...
15 min
1691
Narrative Watch: The New China Narrative, 2019 ...
China has had an ongoing role in the crypto narrative. For much of the history of the industry, it was about control of mining. Now, something new is happening. As the crypto industry gets caught up in the larger battles to shape the future of the...
17 min
1692
Bitcoin Soars on China President Xi's Blockchai...
On Wednesday, Zuckerberg responded to the largely hostile US Congress by reminding them that, if the US didn't proactively assert leadership around digital currencies, then China would be more than willing to fill the gap. As if they coordinated it,...
Most of the world outside crypto twitter that saw a clip of Mark Zuckerberg's testimony would have no idea that it was, theoretically about Libra. On CT, basically everyone bemoaned the clear lack of giving-a-crap that pretty much any Congressperson...
20 min
1694
SPECIAL EDITION: An Opinionated Recap Of Zucker...
Facebook CEO Mark Zuckerberg testified before Congress today, nominally about Libra but actually about a lot of things. In this (opinionated) recap of the testimony, we look at: What was different vs. the same in FB's narrative What was different vs....
27 min
1695
Narrative Watch: 3 Key Battlelines of the Digit...
The digital currency wars are getting hotter and hotter, but they're not one dimensional. This narrative watch looks at three key battlelines: Nations vs. Private companies - who gets to make digital currencies? Nations vs. Nations...
21 min
1696
Poloniex leaves Circle & the USA / Binance 125x...
Circle is spinning out Poloniex and the exchange's new honors want to build away from the US. Is this more evidence of the "companies leaving US" narrative or just competitive pressure? Speaking of exchanges, Binance hit $1B in cumulative profit this...
17 min
1697
Does Bitcoin Institutionalization Threaten Cyph...
Chainalysis recently helped law enforcement take down a child porn ring by tracking btc addresses. This kicked off a huge conversation about how essential is it to the value proposition of bitcoin for it to be able to used for things that are against...
22 min
1698
Is FinCEN going after Telegram around money lau...
The fallout continues from the crazy last week in Libra, as the Association moves forward without any of its payment partners, all of whom have withdrawn at this point. Still the Association is now officially live and has a board of 5 members, only...
16 min
1699
Narrative Watch: Regulators Get Rowdy (aka Why ...
Last week was apparently "government says get rekt" week in crypto. The SEC kicked things off by disapproving a bitcoin ETF proposal from Bitwise and closed things out by taking emergency action against Telegram's $1.7B ICO. In between, the IRS...
18 min
1700
BREAKING: Is The Libra Dream Dead? Visa, Master...
The title says it all. Visa, Mastercard, eBay, and Stripe have joined PayPal in leaving the Libra Association. Is this the death knell for the project? Will the rest of the organizations follow suit and leave? Or does this provide a chance to Libra to...