Podcast appearances and mentions of angela walch

Cryptocurrency regulation sits at the intersection of multiple regulatory regimes, and both financial market regulators and banking regulators, among many others, have asserted authority over certain aspects of crypto regulation. This has resulted in an overlapping and incomplete regulatory framework that has drawn criticism from both proponents and skeptics of crypto innovation. So, how is cryptocurrency regulated? How should it be regulated? Who should regulate it? Cato's Center for Monetary and Financial Alternatives is looking at these questions through a series of policy forums that examine the roles of different regulators and consider what type of regulatory framework should be adopted to balance the risks and innovative potential of cryptocurrencies.This fourth and final panel in this series builds on previous discussions about commodities, banking, and securities regulation to consider alternatives for a crypto regulatory framework. Join Jake Chervinsky, Alan Cohn, and Angela Walch in a panel moderated by Nikhilesh De from CoinDesk to discuss the future of crypto regulation. See acast.com/privacy for privacy and opt-out information.

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Cryptocurrency is an experimental technology. But it's also now a $2.5trn market with growing and increasingly complex linkages to the traditional financial system—whether through ETFs, the futures market, central clearing, repo or prime brokerage.So who's in charge if things go wrong, as they inevitably will at some point? To answer that question, I invited Angela Walch, a professor of law at St. Mary's University in San Antonio, Texas, and a research associate at the Centre for Blockchain Technologies at University College London, to the New Money Review podcast.Walch was one of the first academics to look in detail at the governance of cryptocurrency, a topic often downplayed by promoters of the idea that cryptocurrency networks are decentralised, immutable and trustless. In a recent testimony to the US Senate committee on banking, housing and urban affairs, Walsh warned that “flaws in academic, industry, and public understanding of cryptocurrencies can taint policy decisions, embedding risk to be revealed when reality bites.”Listen to the podcast to hear Angela Walch share her views on:Why the reality of cryptocurrency governance doesn't match the narrativeCryptocurrency and systemic riskThe declining trust in financial system governanceHow decentralised is bitcoin and DeFi?Where hidden power resides within cryptocurrency systemsPast episodes of critical bugs in bitcoin and ethereumInsider trading and information asymmetry in cryptoApplying the existing infrastructure rules to cryptocurrencyWhy we need a new regulator for cryptocurrency—and fastWhy crypto system operators gain limited liability by default

This week, “Opinionated” hosts Ben Schiller, Anna Baydakova and Danny Nelson talk to Angela Walch, a professor at St. Mary's University School of Law in San Antonio and a research associate at the Centre for Blockchain Technologies at University College London.This episode is sponsored by Unique One Network.An original and independently minded commentator on the crypto industry, Walch was a key voice in the recent debate over the infrastructure bill and its cryptocurrency-related tax-reporting provision. Walch testified before the U.S. Senate about the increasingly systemic role played by cryptocurrencies and why the legislation shouldn't be rushed.She wrote an op-ed for CoinDesk saying the “process being used to regulate crypto through an unrelated bill on infrastructure is deeply flawed and risks increasing rather than reducing harms to the public.”On our show, Walch shared her experience talking to the legislators and why the most controversial part of the bill may not have been as unfair as the industry has claimed. The bill suggests that anyone who facilitates crypto transactions should be considered a broker for the legal and tax purposes. Should crypto miners actually be considered brokers? Are large crypto celebrity investors doing the industry a favor in their advocacy? What is the best way forward for crypto regulation in the U.S.?Listen to Ben, Anna and Danny discuss these and some other burning questions with Angela Walch and watch out for her new coming op-eds on CoinDesk.Angela Walch handle in Twitter: @angela_walch Mentioned in this episode:Angela Walch's op-ed for CoinDesk: Congress, Don't Rush Regulating CryptoAngela Welch's testimony in Congress, July 27, 2021: Cryptocurrencies: What are they good for?-Unique One Network is an interoperable Platform for DeFi enabled NFT Marketplaces, in a variety of sectors, built on Polkadot Parity Substrate. Unique One Network's crosschain NFT hub facilitates transfers between a variety of blockchains and ecosystems, unleashing the power of NFTs with myriad innovative capabilities. Find out more at Unique One Network.-Image credit:Stephen Emlund/iStock/Getty Images Plus, modified by CoindeskSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week, “Opinionated” hosts Ben Schiller, Anna Baydakova and Danny Nelson talk to Angela Walch, a professor at St. Mary's University School of Law in San Antonio and a research associate at the Centre for Blockchain Technologies at University College London.This episode is sponsored by Unique One Network.An original and independently minded commentator on the crypto industry, Walch was a key voice in the recent debate over the infrastructure bill and its cryptocurrency-related tax-reporting provision. Walch testified before the U.S. Senate about the increasingly systemic role played by cryptocurrencies and why the legislation shouldn't be rushed.She wrote an op-ed for CoinDesk saying the “process being used to regulate crypto through an unrelated bill on infrastructure is deeply flawed and risks increasing rather than reducing harms to the public.”On our show, Walch shared her experience talking to the legislators and why the most controversial part of the bill may not have been as unfair as the industry has claimed. The bill suggests that anyone who facilitates crypto transactions should be considered a broker for the legal and tax purposes. Should crypto miners actually be considered brokers? Are large crypto celebrity investors doing the industry a favor in their advocacy? What is the best way forward for crypto regulation in the U.S.?Listen to Ben, Anna and Danny discuss these and some other burning questions with Angela Walch and watch out for her new coming op-eds on CoinDesk.Angela Walch handle in Twitter: @angela_walch Mentioned in this episode:Angela Walch's op-ed for CoinDesk: Congress, Don't Rush Regulating CryptoAngela Welch's testimony in Congress, July 27, 2021: Cryptocurrencies: What are they good for?-Unique One Network is an interoperable Platform for DeFi enabled NFT Marketplaces, in a variety of sectors, built on Polkadot Parity Substrate. Unique One Network's crosschain NFT hub facilitates transfers between a variety of blockchains and ecosystems, unleashing the power of NFTs with myriad innovative capabilities. Find out more at Unique One Network.-Image credit:Stephen Emlund/iStock/Getty Images Plus, modified by CoindeskSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Josh Cincinnati, former Executive Director of the Zcash Foundation, joins the show to talk about his tenure at that organization, and lessons he's taken from the experience. In this episode:  The genesis of the Zcash Foundation Prior foundation mistakes that Josh sought to avoid The difference between governing a non-cryptocurrency FOSS project and an open source protocol with an explicit monetary element Why Josh chose to step down from the Zcash Foundation How the monetary distribution of Zcash was initially devised and how the founder's reward became a developer fund The dynamics around the trademark sharing in Zcash Trademarks as a last resort tool of power in blockchain governance How public blockchains are 'Marxist in their goals, Leninist in their implementations' How the mandate of the Zcash Foundation was broader than simply the Zcash ecosystem The current outlook for funding Zcash development The subtle change in the social contract underlying development funding Why poorly formalized social contracts risk opening up projects to capture How 'aid dependency' is relevant to blockchain governance Why blockchain insiders hide the true mechanisms of power Why coin votes might be more of the output of power rather than the input Josh's advice to a founder trying to devise funding for a novel cryptocurrency Why Rawls' Veil of Ignorance is so important in determining initial conditions for a monetary protocol What Josh is working on now The story behind PonzICO.win Why there is no good satire in the crypto industry Content mentioned in this episode: Angela Walch, Deconstructing 'Decentralization': Exploring the Core Claim of Crypto Systems James Prestwich, Zcash Dev Fund Opinions

Facebook’s recent announcement that it would be launching Libra, its own blockchain cryptocurrency, in 2020 has provoked a message of caution from regulators and central bankers around the world. Many worry that the social media giant's 2-billion-strong user base could allow it to upend the current global banking system, a system that depends on trust and transparency. Not exactly characteristics that come to mind with Facebook’s recent history. Is the world ready for a widespread digital currency with no government to back it? On this week’s episode, New York Times reporter Nathaniel Popper and Angela Walch, professor of law at St. Mary’s School of Law, discuss the future of money with WorldAffairs Co-Host Ray Suarez. We want to hear from you! Please take part in a quick survey to tell us how we can improve our podcast: https://www.surveymonkey.com/r/PWZ7KMW

This episode features a conversation between Peter Van Valkenburgh - Director of Research at Coin Center, the leading non-profit focused on the policy issues facing cryptocurrencies like Bitcoin - and Muneeb Ali, CEO of Blockstack PBC. Peter and Muneeb discuss Coin Center’s mission and recent work, Facebook’s Libra Coin, the case for a true electronic cash, and more. 0:00:50 Peter's bio 0:01:09 Peter: "[Coin Center] was my first big job out of law school." 0:02:58 Muneeb: "You're OG now. When did Blockstack start sponsoring Coin Center?" 0:03:18 Peter: "Coin Center got its start in 2014. We got some really generous runway from a couple of donors who are just individuals who wanted to see a more adult advocacy organization in Washington, D.C. focused on this stuff." 0:04:56 Peter: "Coin Center is supposed to be an independent digital civil lIberties organization that goes and represents the underlying open technologies to Congress or to regulators." 0:06:08 Muneeb: "I simply say [the people at Coin Center]... actually understand this technology and they understand the regulations and the law, which is a rare combination. And they can be the right bridge between this technology and the various regulators or lawmakers." 0:06:29 Peter: "I think that's right. A lot of what we do I often think of as translation." 0:07:13 Peter: "More often than not we're explaining the law to lawyers in this space." 0:08:51 Peter: "There's no company - and all previous financial regulations - almost all - rely on finding a regulated entity and obligating that regulated entity to achieve the policy result that government wants." 0:09:37 Peter: "In the Bitcoin case, who's the issuer of the Bitcoin security?" 0:09:52 Peter: "Who in the Zcash space should be obligated for money laundering compliance?" 0:11:38 Muneeb: "One of my working theories is that Satoshi Nakamoto - whoever that person or group of individuals were - not only understood computer science, distributed systems, applied cryptography, and game theory, they actually knew securities regulation as well and that's why we don't know who is Satoshi Nakamoto." 0:12:42 Peter: "The policy objective that securities law seek to address are correcting the asymmetric information between issuers who are promising things to investors and the investors who've paid money to the investors." 0:13:51 Peter: "There are still the potential for information asymmetries. And I've sort of gotten into this debate with Angela Walch before about whether there's information asymmetries between software developers and the users of a software." 0:15:35 Muneeb: "Speaking of securities regulation I should just make a note here: we have a public filing with the SEC." 0:16:13 Peter: "From my perspective [Blockstack] has taken a really responsible and conservative approach to securities law compliance." 0:17:06 Peter: "I'm not a huge fan of the way we do investor protection in this country because it's very permissioned and it also excludes a lot of investors from participating." 0:18:58 Muneeb: "We actually had you host our Blockstack Summit in Berlin, and you interviewed Edward Snowden there. How was that experience? And has he been more active in the space? Or was that a one off thing?" 0:19:32 Peter: "That experience was awesome - it's still probably one of the craziest things I've ever done." 0:22:36 Peter: "I do think [Edward Snowden] has been quasi-active in the Zcash development community." 0:24:43 Peter: "He's worked on something really cool with the Freedom of the Press Foundation, which is if you have an old cell phone and want to turn it into an alarm system." 0:26:16 Muneeb: "Have you checked out any of the latest stuff that's been built on Blockstack?" 0:26:24 Peter: "I have a real interest in Graphite, which is the Google Docs type app." 0:27:05 Peter: "We've been looking for a long time for some sort of non-Google "Can't Be Evil" alternative to Google Docs." 0:29:29 Peter: "Network effects are a bitch, to put it a somewhat grotesque way. If you're talking about a communication system or a system where people pay each other, the systems that succeeded are not the ones that were best architected." 0:29:55 Peter: "Just look at all the attempts and failures at doing encrypted email." 0:30:16 Peter: "You're just going to default to the one everyone's on, even if it's not great for privacy." 0:32:32 Muneeb: "We're super excited to have [Neal Stephenson] at the 2019 Summit in San Francisco. I think Naval Ravikant is going to have a fireside chat." 0:33:40 Peter: "The Diamond Age describes Zcash." 0:36:01 Muneeb: "Coming back to this idea of decentralized applications - one model I have in my mind was when Linux was starting." 0:38:51 Peter: "Maybe decentralized apps will have their best success early on in those sort of niche enterprise / highly technical persons use-cases." 0:40:16 Peter: "Good luck getting a bunch of lawyers even to this day to group edit a Google Doc, let alone use Graphite." 0:40:24 Muneeb: "I think we knew that Linux won the server wars when even Microsoft started using Linux in their data centers." 0:40:32 Peter: "[Microsoft] has done a total 180, probably because they saw the writing on the wall as far as their consumer software business." 0:40:56 Muneeb: "What do you think of Facebook Libra?" 0:41:05 Peter: "I have a lot of thoughts about Facebook Libra. I should be careful about what I say because I don't want to be unfair." 0:41:30 Peter: "It's a really complicated system they're building that is still nonetheless permissioned. It's a permissioned blockchain." 0:42:29 Peter: "[Libra] is not an open blockchain. It's not a blockchain where anyone can add transactions to the ledger and independently verify the transactions." 0:43:15 Peter: "With Bitcoin, there's a lot of regulations that don't apply because it would be nonsensical to apply them because there isn't a centralized intermediary who you can trust to achieve the policy result you want." 0:43:32 Peter: "With Libra, that's not true at all. There are identified parties who you could trust to achieve the policy result you want." 0:43:56 Peter: "Even if you're an individual, you're not allowed to transact or interact economically with someone on the SDN list, like everyone in Iran." 0:44:42 Peter: "The Libra association is going to be this group of identified persons, which are really just corporations, including Facebook, Visa, and Mastercard. Whose laws are they going to comply with with respect to sanctions?" 0:45:21 Peter: "[Libra's] not censorship resistant cash. It's not really a cryptocurrency. It's just another payment rail. Why build it in such a complicated way?" 0:45:43 Peter: "Another thought is the whole reserve thing. So aside from being permissioned vs permissionless, Lbra is going to be asset-backed." 0:46:36 Peter: "If you are a company that has assets in a reserve, and people are trading - effectively - a pro-rata share of the value of those assets? That sounds like a security to me." 0:47:16 Peter: "And yet, I don't think there's plans to register Libra as a security because, frankly, if you did, it would be very useless as a currency, because it would only be allowed to be traded on securities exchanges." 0:48:09 Peter: "I've never seen such a rapid and aggressive response from members of Congress to a new tech project." 0:49:28 Muneeb: "Do you think the reaction from Washington is linked with some of the antitrust stuff as well?" 0:50:07 Peter: "Maybe they thought, 'This is us proving that we're investing in being less powerful'? Kind of like how they talk about WhatsApp a lot now." 0:51:03 Peter: "People in Congress ... are gonna say, 'This is Facebook, who some of us are already talking about anti-trust issues, and now they want to become the global reserve currency for all payments everywhere?" 0:51:40 Peter: "If any company is going to build a payments tool, they should build cryptocurrencies. I'm just disappointed they didn't basically fork Bitcoin or integrate it." 0:52:13 Muneeb: "That's what they say in the whitepaper, 'We're giving ourselves five years to figure out how to build an open system, but in the meanwhile - because of scalability - the only way to scale to a billion users is to use a closed system." 0:52:54 Peter: "I've heard a lot of people say that Move, the smart contract language [Facebook's] architected, is apparently extremely elegant." 0:53:17 Muneeb: "The motivation for Move is very similar to the smart contract language that we launched yesterday, Clarity." 0:54:38 Peter: "God knows that Solidity has had this particular issue where it's hard to know exactly what you just wrote in a smart contract until you launch it on Mainnet and someone breaks it in the DAO hack example." 0:55:44 Muneeb: "Ethereum is very interesting. They have a large community and kind of started everyone in the industry in a certain direction from a technology perspective. And I believe that most of those things were wrong." 0:57:05 Peter: "Maybe the network effects are just age-based, but it could also be this willingness to push stuff out there maybe before it's fully manicured or even fully compliant with the law." 0:57:51 Peter: "I should disclose that I'm a member of the Zcash Foundation's Board of Directors." 1:00:00 Muneeb: "I swear we're not doing this on purpose, but every decision we make ends up being the exact opposite of Ethereum." 1:04:13 Muneeb: "What's the biggest project you're spending your time on these days?" 1:05:50 Peter: "We were faced around a year and a half ago with, 'What's going to be a big issue in a year or two years? What do we need to start laying the groundwork on from a policy perspective now in order to have good policy outcomes later?'" 1:07:12 Peter: "Bitcoin, I think, ultimately needs to change and be more private and a lot of the privacy coins that we now see were originally proposed as amendments to the Bitcoin protocol." 1:08:38 Peter: "Any of the very public blockchains will ultimately need to find ways to obscure that transaction graph because, otherwise, we're gonna just be giving totalitarian states the best tool for mass surveillance that anyone's ever developed." 1:08:52 Peter: "So, with that in mind, we said 'What are the policy issues here?' And the big ones are anti money laundering law." 1:09:18 Peter: "Bank robbers use getaway cars. Even terrorists use encrypted messaging. This is just a reality, but that doesn't mean we should ban automobiles and encryption." 1:10:06 Peter: "We use the term 'electronic cash' because it's really like cash then. You can send it from one person to another, no one is in between, it's censorship resistant, and it doesn't leave a record." 1:10:23 Peter: "What if we get some sort of overbearing, overzealous response from policy makers that says we can't have these things anymore?" 1:11:51 Peter: "Most people have written about First Amendment issues here: ... if you're writing in computer code... it's still speech." 1:12:44 Peter: "What I don't think is a well enough explored area are the Fourth Amendment issues. The Fourth Amendment in the US says you need a warrant if you're a law enforcement and want to search somebody." 1:13:43 Peter: "Banks have been reporting our entire transaction history to governments whenever they ask, without a warrant, since 1970." 1:14:12 Peter: "The reason why that's constitutional in this context is because people willingingly hand over those records to banks during the regular course of business. ... You lose your reasonable expectation of privacy because your sharing it with a third-party." 1:15:09 Peter: "There's no reason for a developer to have all that private information about the users of their software. There's definitely a reason for a bank to have a bunch of information about the users of the bank." 1:15:48 Peter: "From a constitutional law standpoint... the only reason why it's okay for banks to bulk collect, surveil their users, and report that to government without a warrant, is that they have a reasonable business purpose to collect that information." 1:16:03 Peter: "There's no reasonable business purpose for an open source software developer to collect information about the users of their software - it just doesn't make sense." 1:16:29 Peter: "If it's interesting to your audience, I highly recommend you pick up our report. It's explained much more carefully and you don't need to be a lawyer or to have gone to law school to understand it." 1:17:33 Muneeb: "Where can people find you?" 1:17:37 Peter: "All our work at Coin Center is made public and made available at CoinCenter.org. And we rely on donations from people who are just excited about the technology and want to see good advocacy in DC." 1:18:18 Muneeb: "Blockstack is a supporter and we've been extremely happy with our involvement with Coin Center. They've been super helpful whenever we need them." 1:18:29 Muneeb: "Goodbyes." Peter Van Valkenburgh http://twitter.com/valkenburgh Muneeb Ali http://twitter.com/muneeb Zach Valenti http://twitter.com/zachvalenti See omnystudio.com/listener for privacy information.

Hosted by Enigma's Head of Growth Tor Bair, our twenty-seventh episode features Angela Walch. Angela is a Professor of Law at St. Mary's University School of Law. Her research focuses on money and the law, cryptocurrencies, blockchain technologies, and financial stability. She is a self-described skeptic of blockchain technology, and she's considered one of the leading legal experts on many of the complexities being created by decentralized technologies. Angela has presented her work at Harvard Law School, Stanford University, the Federal Reserve, and the London School of Economics, among others. On this episode Angela talks about the difficulty in defining terms like "decentralization" and "trustless", who makes the ultimate determination on whether something is decentralized, what are the weaknesses she sees in blockchain governance, and how despite her overall skepticism, some of these new technologies might actually hold real promise. Enigma's podcast "Decentralize This!" features guests from all over the decentralization space: developers, investors, entrepreneurs, researchers, writers, artists, people in government and enterprise - all individuals who care deeply about building a more decentralized and sustainable world. How can all these people with different perspectives collaborate to create and scale the technologies we need to shape a better future? ---- Relevant links: More about Angela: www.angelawalch.com Twitter: www.twitter.com/angela_walch Deconstructing Decentralization: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3326244 Enigma: www.enigma.co 
Enigma Blog: blog.enigma.co
 Enigma Twitter: www.twitter.com/enigmampc

Interview location: San AntonioInterview date: Thursday 21st March, 2019University: St. Mary’s Role: Professor of LawBitcoin is defined as decentralised, a critical feature which stops any individual or group control or destroy it, but a closer look at decentralisation opens many questions of how decentralised it is. Do pockets of power exist in Bitcoin? Are lead maintainers a centralised pocket of power? Is this dangerous?As people push to build products that integrate Bitcoin with the legacy financial system, Angela Walch has raised key concerns as to the implications for this, believing that The SEC is not paying attention to the aspects of Bitcoin where it could be argued as centralised.In this interview we discuss her paper, Deconstructing Decentralisation, pockets of power within Bitcoin, the risks of integrating Bitcoin with the legacy financial system and conflicts of interest.-----If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: Bitcoin | Ethereum | Litecoin | Monero | ZCash | RipplecoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

The expectation has become widespread that blockchains will end up underpinning major societal infrastructures. The narrative in the blockchain space is that networks are decentralized and trustless and thus regulation should not apply to networks directly. Legal scholar Angela C. Walch has been questioning terms like decentralization and trustlessness and argues that blockchains shift the need for trust rather than remove it. Her controversial ideas include that key developers of open-source project should be treated as fiduciaries and held accountable for the consequences of their work. Angela Walch is a professor of law at St Mary University School of Law and a Research Fellow at the Center for Blockchain at UCL. She is a graduate of Harvard College and Harvard Law School and has been doing academic work on legal issues surrounding public blockchains since 2013. Topics covered in this episode: How she became interested in Bitcoin and issues around the narratives of decentralization and trustlessness How her work has been received in the blockchain space The problematic lack of a clear definition of terms like trustless, immutable and decentralized Why blockchains should be looked at as trust-shifting, not trustless The definition and role of fiduciaries in society Why blockchain developers could be considered fiduciaries The practical implications and difficulties of regulating blockchain developers as fiduciaries How the SEC’s stance on blockchains connects with the question of developers being fiduciaries Her personal views on the value and promise of blockchain tech Episode links: Angela Walch Angela C. Walch - St. Mary's Law Angela Walch – Medium In Code(rs) We Trust: Software Developers as Fiduciaries in Public Blockchains The Path of the Blockchain Lexicon (and the Law) Open-Source Operational Risk: Should Public Blockchains Serve as Financial Market Infrastructures? Coin-Operated Capitalism paper Journal of Financial Technology Introducing: The Journal of Financial Technology – Angela Walch – Medium Thank you to our sponsors for their support: Simplify your hiring process & access the best blockchain talent . Get a $1,000 credit on your first hire at toptal.com/epicenter. Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks. More at aka.ms/epicenter. This episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/253

Gaby gets an existential perspective of cryptocurrency. Angela Walch, associate professor at St. Mary's University School of Law gives us a healthy dose of skepticism about cryptocurrency's potential to save the world. Laura Shin, cryptocurrency journalist and host of the podcasts Unchained and Unconfirmed, gives us a snapshot of how inclusive the industry is today. And Tavonia Evans, founder of Guap Coin has a vision for a future where cryptocurrencies could benefit communities of color.  Learn more about your ad choices. Visit podcastchoices.com/adchoicesOur Sponsors:* Check out Arena Club: arenaclub.com/badmoney* Check out Chime: chime.com/BADMONEY* Check out Claritin: www.claritin.com* Check out Indeed: indeed.com/BADWITHMONEY* Check out Monarch Money: monarchmoney.com/BADMONEY* Check out NetSuite: NetSuite.com/BADWITHMONEYAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Gaby gets an existential perspective of cryptocurrency. Angela Walch, associate professor at St. Mary's University School of Law gives us a healthy dose of skepticism about cryptocurrency's potential to save the world. Laura Shin, cryptocurrency journalist and host of the podcasts Unchained and Unconfirmed, gives us a snapshot of how inclusive the industry is today. And Tavonia Evans, founder of Guap Coin has a vision for a future where cryptocurrencies could benefit communities of color. Learn more about your ad choices. Visit megaphone.fm/adchoices

Preston Byrne, an independent consultant and English lawyer, and Angela Walch, an associate professor at St. Mary’s University School of Law who focuses on blockchain technology, both explain their criticisms of the crypto space, give grades to regulators on their job so far, and how they think major players in the space can improve. They discuss what systemic risks they believe crypto could pose to the wider financial system, how the current activity in the space is accruing "legal debt," and what it's like being a critic in a land of believers. Preston Byrne: https://prestonbyrne.com/ Angela Walch: https://law.stmarytx.edu/academics/faculty/angela-walch/ Sponsored by Preciate: https://preciate.org/ for https://preciate.org/recognize/ and StartEngine: http://startengine.com/ for https://www.startengine.com/pages/summit  

Preston Byrne, an independent consultant and English lawyer, and Angela Walch, an associate professor at St. Mary's University School of Law who focuses on blockchain technology, both explain their criticisms of the crypto space, give grades to regulators on their job so far, and how they think major players in the space can improve. They discuss what systemic risks they believe crypto could pose to the wider financial system, how the current activity in the space is accruing "legal debt," and what it's like being a critic in a land of believers. Preston Byrne: https://prestonbyrne.com/ Angela Walch: https://law.stmarytx.edu/academics/faculty/angela-walch/ Sponsored by Preciate: https://preciate.org/ for https://preciate.org/recognize/ and StartEngine: http://startengine.com/ for https://www.startengine.com/pages/summit  

In this episode I am joined by Angela Walch. Angela is an Associate Professor at St. Mary’s University School of Law. Her research focuses on money and the law, blockchain technologies, governance of emerging technologies and financial stability. She is a Research Fellow of the Centre for Blockchain Technologies of University College London. Angela was nominated for “Blockchain Person of the Year” for 2016 by Crypto Coins News for her work on the governance of blockchain technologies. She joins me for a conversation about the misleading terms used to describe blockchain technologies.You can download the episode here. You can listen below. You can also subscribe on iTunes or Stitcher. Show Notes0:00 - Introduction2:06 - What is a blockchain?6:15 - Is the blockchain distributed or shared?7:57 - What's the difference between a public and private blockchain?11:20 - What's the relationship between blockchains and currencies?18:43 - What is miner? What's the difference between a full node and a partial node?22:25 - Why is there so much confusion associated with blockchains?29:50 - Should we regulate blockchain technologies?36:00 - The problems of inconsistency and perverse innovation41:40 - Why blockchains are not 'immutable'58:04 - Why blockchains are not 'trustless'1:00:00 - Definitional problems in practice1:02:37 - What is to be done about the problem?  Relevant LinksAngela's HomepageAngela's Academia and SSRN pages'The Path of the Blockchain Lexicon (and the Law)' by Angela Walch'Call blockchain developers what they are: fiduciaries' by Angela WalchInterview with Aaron Wright on Blockchain Technology and the LawInterview with Rachel O'Dwyer On Bitcoin, Blockchains and the Digital Commons  #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } /* Add your own MailChimp form style overrides in your site stylesheet or in this style block. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */ Subscribe to the newsletter

In this episode I am joined by Angela Walch. Angela is an Associate Professor at St. Mary’s University School of Law. Her research focuses on money and the law, blockchain technologies, governance of emerging technologies and financial stability. She is a Research Fellow of the Centre for Blockchain Technologies of University College London. Angela was … More Episode #28 – Walch on the Misunderstandings of Blockchain Technology