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.

Business
Investing
1701
Is the COVID19 Fiscal & Monetary Response An Ov...
In his daily Coronavirus press briefing today, New York Governor Andrew Cuomo said “our main scramble now is ventilators.” The state anticipates that within 45 days, it could need 37,000 ventilators. It currently has 3000.  Bruce Fenton was...
40 min
1702
Gov't Stimulus Goes BIG and Why Bitcoin Is the ...
President Trump and Treasury Secretary Steve Mnuchin announced a significant slate of upcoming stimulus measures, including deferred taxes and direct payments to Americans (although those details remain to be seen).  On this episode of The...
41 min
1703
Can $700B in Quantitative Easing Calm The Marke...
Over the weekend, the Fed decided it couldn’t wait for Wednesday’s planned meeting to act, cutting interest rates to nearly 0%. It also announced $700 billion of direct capital injection through the purchase of Treasury securities and...
24 min
1704
The Breakdown Weekly Recap | March 14 2020
The entire week's shows in one convenient file: Monday | What the Market Crash Means for Bitcoin, Feat. Delphi's Kevin Kelly Tuesday | Crypto Fundraising and the Nothing-Is-Safe Haven Wednesday | Ben Hunt on the Clash of Narratives in the Age of...
200 min
1705
What Happens When Currencies Fail? Featuring Pr...
Yesterday, the Federal Reserve announced more than a trillion dollars in liquidity injections into the market. In the coming weeks, many observers expect trillions of more in stimulus in a variety of exotic new intervention tactics.  While this...
67 min
1706
6 Good Reasons for Bitcoiners to Keep Calm and ...
The Coronavirus got really extra real today for markets. A two and a half week selloff was tipped to the next level by a major ratcheting up of action from the US government (which still seemed clearly to be not enough to calm markets).  In...
16 min
1707
Ben Hunt on the Clash of Narratives in the Age ...
The week of February 12, the Dow Jones Industrial Average was reaching new all time highs. Meanwhile, China’s quarantine of the 11 million people in Wuhan was three weeks old and expanding to other parts of the country.  While the global...
58 min
1708
Crypto Fundraising and the Nothing-Is-Safe Haven
Whatever you thought of the uncorrelated or safe haven narratives a few weeks ago, it’s hard to deny that bitcoin and crypto are moving in lock step with equities - even mirroring a small bounce in the morning that retreated in the early...
14 min
1709
What the Market Crash Means for Bitcoin, Feat. ...
Bitcoin’s price has cratered, but it’s nothing compared to the broader market havoc. From the Coronavirus scare to an oil price war, a confluence of factors is aligning to make it a very rough Monday.  On this episode of The Breakdown, @nlw...
33 min
1710
The Breakdown Weekly Recap | March 7 2020
The full week's episodes in one convenient package The View From China: Crypto, Crisis and Digital Currencies Feat. Matthew Graham What Us Election Outcome Is Best for Bitcoin? Libra Plus? A New Global Digital Currency Strategy For Facebook Why...
117 min
1711
Riccardo 'Fluffypony' Spagni on How Coronavirus...
As the Coronavirus took hold in China, officials in the Hubei province tracked potential patients by examining purchase records for cough and flu medicine for the previous month.  Welcome to the new frontiers of privacy. In this wide-ranging...
31 min
1712
Why Bitcoin Mining Might Be the New Business Mo...
It was another good day for global crypto, as South Korea votes to formally integrate the industry into the existing financial system, opening the market to new players and potentially improving services for crypto companies.  In New York state,...
15 min
1713
Libra Plus? A New Global Digital Currency Strat...
Yesterday, The Information reported that Facebook’s Calibra wallet would be abandoning the backed-by-a-basket-of-currencies Libra for a set of fiat-backed digital currencies for different regions. The company quickly amended that while they would be...
15 min
1714
What Us Election Outcome Is Best for Bitcoin? 
Today is Super Tuesday - the biggest day of the US primary election season. Increasingly, prediction markets and pollsters suggest it’s a two person race between Joe Biden and Bernie Sanders (although Mike Bloomberg has insisted he’s staying...
24 min
1715
The View From China: Crypto, Crisis and Digital...
When everyone wrote their 2020 crypto prediction pieces, China featured prominently in everything from the exchange business to enterprise blockchain to the potential impact of a forthcoming digital yuan.  Coronavirus erased those issues from...
25 min
1716
The Breakdown Weekly Recap | Feb 29 2020
The full week's episode run in one long-run, long-chill, long-sleep episode: Monday | Caitlin Long on Coronavirus, Crypto Custody and Building a Bank Tuesday | 6 Explanations for Crypto’s Coronavirus Focus Wednesday | Is Bitcoin A Safe Haven or...
114 min
1717
Understanding This Week’s Market Whiplash, Feat...
After weeks of not reacting to Coronavirus, the markets took a profound turn for the worse this week, leading ultimately to the fastest correction - i.e. loss of 10% - in recorded history.  In this episode of The Breakdown, @NLW is joined by...
24 min
1718
A 101 Guide To Ethereum’s ProgPoW Controversy
Last Friday on Ethereum’s core developer call, the devs agreed to push forward a controversial anti-ASICs consensus algorithm switch known as ProgPoW.  The broader Ethereum community was not pleased, and has spent the last week debating both...
25 min
1719
Is Bitcoin A Safe Haven or ‘Schmuck Insurance’?
Bitcoin is having a terrible, horrible, no good very bad day. Many are using the dump - which from a timing perspective aligns with a broader market selloff among Coronavirus fears - as a way to diminish the “bitcoin as a safe haven”...
19 min
1720
6 Explanations for Crypto’s Coronavirus Focus
The spread of Coronavirus has dominated the news cycle across industries, but the discussion has been particularly fierce in both the finance and tech worlds, with crypto right in the lead.  For a month or more, prominent crypto voices have been...
22 min
1721
Caitlin Long on Coronavirus, Crypto Custody and...
An incredible amount of work has gone into convincing institutional investors that bitcoin and crypto should be on their radar. Now that many are convinced, however, they face some significant limitations in the infrastructure.  A new crypto bank...
19 min
1722
The Breakdown Weekly Recap | Feb 22 2020
The full week's episode run in one long-run, long-chill, long-sleep episode: Monday | Off Tuesday | Wednesday | Thursday | Friday |
83 min
1723
Diagnosing the Dip: Why Today's Leading Exchang...
After settling in to the $10,000 price level, BTC suddenly and rapidly dipped more than 5% in an hour on Wednesday. As the market discusses possible explanations, some floated the unexpected simultaneous downtime of Binance and Coinbase as a causal...
12 min
1724
Why We Should Stop Thinking of ‘Crypto’ as a Si...
The ‘crypto’ industry is having a hard time fitting everything that’s happening inside that one monolithic term. On this episode, @nlw looks at current news stories from across at least 5 different categories - DeFi, enterprise blockchain,...
15 min
1725
Chainlink's Sergey Nazarov on What DeFi Can Lea...
The DeFi world continues to dissect the recent attacks on bZx. To most, the amount lost in the attacks is far less relevant than what the attacks suggest about how DeFi applications need to be designed.  Within that, one key topic of conversation...
34 min