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This week, in a special experiment, we've gone live on Twitter Spaces. As Trump's tariffs bite, and the current account deficit zooms to the front of modern political economy, we're revisiting the idea of a new Bancor, a complete resetting of the global monetary system.
US President Donald Trump wants to use tariffs as part of a plan to save the dominance of the dollar as the global reserve currency. His top economic advisor Stephen Miran outlined the Trump administration's strategy to force other countries to pay the USA to maintain its imperial financial and military order. Ben Norton explains the idea behind the hypothetical "Mar-a-Lago Accord". VIDEO: https://www.youtube.com/watch?v=VnajhDMAWVA Topics 0:00 Trump's top economic advisor 0:42 Trump wants to save dollar hegemony 1:04 (CLIP) Trump on US dollar 1:21 Dedollarization 2:01 BRICS 2:46 (CLIP) Trump threatens BRICS 3:15 Tariffs 3:50 Bretton Woods system 4:38 Keynes' Bancor proposal 5:07 US exorbitant privilege 5:39 Nixon shock, gold standard, petrodollar 6:43 Financialization 7:35 Billionaires 8:01 Deindustrialization 8:10 Current account deficit 8:33 Trump advisor Stephen Miran 9:17 Overvaluation of US dollar 10:30 Stephen Miran's plan 11:16 Mar-a-Lago Accord 12:59 Economic nuclear war 14:07 Trump admin's goals 15:20 Paying for US empire 17:30 Trump admin's 5 demands 20:25 (CLIP) Sharing costs of US empire 21:13 China 21:32 (CLIP) Decoupling from China 21:55 Hudson Institute 23:58 US financial crisis of 2008 25:42 Manufacturing 26:02 Trump hits China with 104% tariffs 27:23 Economic game of chicken 27:50 Can USA win trade war? 30:04 (CLIP) Miran: US has leverage over China 30:59 China vows "to fight to the end" 32:00 US economic dependence on China 33:00 Chinese exports 34:01 China's top export destinations 34:36 ASEAN is China's top trading partner 35:16 Indonesia 36:08 China is world's top trading partner 36:54 China's trade with Russia 38:34 Can USA reindustrialize? 38:52 (CLIP) "We can make stuff at home" 39:09 Reindustrialization is very difficult 41:40 Trade war will hurt Americans 42:17 Moving taxes from rich to poor 43:15 Do other countries pay US tariffs? 43:34 Dollar falls 44:38 Yield on US Treasury securities 46:10 Mortgage rate spread 46:42 Credit card interest rate 47:14 Interest payments on US national debt 48:37 Backlash on US economy 49:51 Danger of blowback 50:31 Plaza Accord revisited 51:16 Changes in global economy 52:50 China learned from Japan crisis 54:33 Imperial hubris 55:12 Vietnam in a multipolar world 58:07 Outro
The global system is breaking — and it's not the first time. In this gripping new episode of Big Picture Mind, Robb Smith unpacks what he calls a "Terminal Crisis"—a rare moment in history when the prevailing financial hegemon (today, the United States) loses its grip on a system that is demanding reconfiguration. It's the fourth such rupture in 700 years, following the Genoese-Iberian empire (1627), the Dutch United Provinces (1781), and the British Empire (1931). And now, in 2025, it's America's turn. What happens next? We enter a period of global economic anarchy—a high-stakes reordering of capital, power, and institutions. Robb traces how the system always adapts, pushing forward into a new "cycle of accumulation" that includes: - wider geographic integration, - more complex economic coordination, - expanded populations and markets, and - institutional upgrades that solve for the contradictions of the previous cycle. In this urgent and far-reaching conversation, you'll learn: - Why the U.S.–China rivalry is about far more than trade; - How trade wars are also class wars; - Why the global trust in American soft power has collapsed; - What Keynes' abandoned proposal—the Bancor—has to do with Bitcoin and the next reserve currency; - What it will take to build a new integrative pluralism out of the ashes of today's disorder. Whether we descend into fractured blocs or step toward a new world order, one thing is clear: the system never loses — only hegemons do.
Suomen talous - Teoria ja käytäntö Jussi Lindgren #neuvottelija 273. TkT Jussi Lindgren keskustelee kirjastaan Ohjaustalous vai näkymätön käsi? — Euroopan talouspoliittiset valinnat kriisin jälkeen (Vastapaino) -talousterioista. Sami osin komppasi Pentti Pikkaraisen kirja-arviota. Kritiikinkohteina mm. yleinen tasapaino, Sayn laki, Marxin hallusinaatiot, Coasen teoreema ja neutraali raha-oletus. Kunniaa annetaan Loordi Keynesille rämän euron T2-piilorakenteesta, joka on vähän kuin Bancor vahingossa ja esittelyssä myös Sami Miettisen ECU-2-malli digitaalikeskuspankkirahan sovelluksena! Toisessa osiossa Sami haastaa Jussia puolustamaan teorioiden käytännön sovelluksia Suomen Valtiovarainministeriössä ml. Samin mielestä väärä kokonaisveroaste-ennuste, eläke- ja velkaantumista vääristävä Sixten Korkman-eläkevirtahuijaus, Valtiokonttorin kyvyttömyys hankkia velkarahoitusta suomalaisilta ja tietysti mielipuolisen korkeat verot ja julkiset kulutusmenot! Taisin taas vähän kiihtyä, Jussi vastasi minusta asiallisesti kaikkeen. #neuvottelija - Sisäpiiriin tulee juttua mm. Riikka Purrasta ja miksi Leibniz oli Jussin mielestä kovempi, Samin mielestä Newton.
Ideen für internationale Währungen gibt es immer wieder. Heute macht der Bitcoin Schlagzeilen. Historisch ist der Bancor das bekannteste Beispiel. Er sollte nach dem 2. Weltkrieg eingeführt werden, scheiterte aber am Widerstand der USA. Warum konnte sich bislang keine Weltwährung durchsetzen? Autorin: Maike Brzoska
James Heckman, an entrepreneur and media executive with decades of experience, and Eyal Hertzog, co-founder of Bancor and CEO of deWeb, are on a mission to dethrone social media giants with blockchain and give power back to the audience. Learn about the inner workings of social media and how these two plan to disrupt it. James Heckman: https://x.com/jamescheckman Eyal Hertzog: https://x.com/eyal ►► Sponsored by iTrust Capital Invest in Bitcoin, Crypto Assets & Gold with Your IRA Using iTrust Capital.
Welcome to the BlockSolid Podcast, where we delve into the fascinating world of real estate, finance and newest technology. In today's episode, we have Eyal Hertzog, the Founder and CEO of BBS Network as my special guest. In this episode, we discussed the evolution of internet (web 1.0, 2.0 & 3.0) evolution of Blockchain Technology, and how SocialFi Ecosystem is changing the face of social media engagement that transforms the online fame into financial freedom. About Eyal Hertzog: Mr. Eyal Hertzog is a visionary pioneer and a passionate advocate of the blockchain movement. With over 20 years of experience as a venture-backed technology entrepreneur, he has played a crucial role in various successful ventures. Eyal is currently the Co-Founder and CEO of BBS Network, and he serves as an Advisor at SPiCE VC. He is renowned as the Product Architect of Bancor, a token liquidity protocol that raised $150M in a token sale. Additionally, he played a pivotal role in co-founding AppCoin. ________ Become a tokenization expert: https://www.dibscapital.com/course Stay connected: https://dibscapital.com https://twitter.com/DIBS_Capitalhttps://www.instagram.com/dibscapital/https://www.facebook.com/dibscapital/https://www.linkedin.com/company/dibscapital/
Our guest today is Mark Richardson, Project Lead at Bancor. Carbon is a new trading protocol developed by Bancor that enables advanced trading strategies through the use of on-chain limit and range orders. In this conversation, we explore the evolution of the decentralized exchange (DEX) landscape, what problems have emerged from the existing automated market maker (AMM) model, and how Carbon was built to address these issues. Resources: Carbon website Twitter Whitepaper Dune Trading Simulator ----- Degen Responsibly is a series of live talks by Exponential DeFi and a guest protocol. In these conversations we explore some of the latest and greatest projects in DeFi, what makes them unique, their builders but also talk about the risks and what to watch out for. Our goal is to help investors make better informed decisions and help them save time as they do their own research. ----- Learn more about us at exponential.fi and follow us @exponentialdefi ----- Information provided here is presented for educational purposes only and does not consider financial advise or any offer or solicitation to buy any of the tokens or invest in any of the pools mentioned throughout the podcast.
Hablamos con el presidente de la entidad financiera, Daniel Tillard.
Mark Richardson, the project lead at Bancor, joins Piers Ridyard to discuss Carbon, the next stage in DEX evolution, in this episode of the DeFi Download. Carbon provides order book-like functionality on-chain and has already seen over 100 strategies created since its launch on April 20th.SummaryFrom Bancor V1 to Uniswap, the evolution of cryptocurrency liquidity provision has been characterised by significant innovations that sparked DeFi Summer. Although the Automated Market Maker (AMM) was a game-changer, Bancor is turning away from the AMM, recognising the complexities involved in providing liquidity.Carbon, as an on-chain order book functionality provider, offers greater flexibility and control over liquidity provision than traditional AMMs. Carbon's app runs in the user's browser using an open-source software development kit (SDK), which is lightweight enough to run smoothly on a smartphone.Key takeawaysCarbon is a gas-efficient, lightweight DEX that prioritises efficiency while still executing swaps trustlessly.In retrospect, some of the most significant innovations appear obvious, but until an innovation is defined and described, it may not be immediately apparent. The irony of invention is that it is only apparent after it has been discovered. Previously, it may have been unclear why others were not in the right frame of mind to make the discovery themselves.Carbon's development priorities include identifying the demographic that uses Carbon, exploring other blockchain ecosystems, and supporting features that did not make the critical path for the MVP but still need support.Chapters[01:12] What killed the AMM, and what comes next in the world of DeFi liquidity provision?[07:05] How providing liquidity can align incentives and create a social basis for market making in DeFi[10:45] What is the simplest way to describe impermanent loss to someone in the context of AMMs?[13:37] Impermanent loss in liquidity provision and missed profit opportunities[16:02] What are Mark Richardson's thoughts on how Bancor's Carbon can contribute to the concentrated liquidity pools model, and what is the next step in liquidity provision?[18:21] What is a short gamma option, and why is it called that?[23:53] The rise of constant function AMMs and the naive phase of decentralised finance and crypto[26:50] What are the limitations of the Automated Market Maker (AMM), and why is it not the ideal financial instrument for liquidity provision in DeFi? How does Carbon solve these limitations, and what does it do differently?[29:20] Carbon's customizable "buy low, sell high" strategy execution[33:39] Is it possible that CLOBs lack statefulness and a concept of time, resulting in only valid or invalid orders and no if-then statements?[35:27] How does Carbon solve the challenge of creating order book-like functionality and making it easy for users to buy within a certain range without having to pick specific orders, while still maintaining the ability to put trades on in microseconds or nanoseconds and avoiding potential performance issues with state-based logic in order matching engines?[38:59] The genius of Carbon: a simple on-ledger solution for order routing[43:29] Does using the SDK in Carbon for executing positions trustlessly while still submitting the execution to the ledger raise concerns among decentralisation maximalists?[46:37] What are Carbon's plans for the next 6–12 months?Further resourcesWebsite: bancor.network Twitter: @Bancor Discord: discord.com/invite/CAm3Ncyrxk
This week's DeFi Download Podcast features Juan-David Mendieta, co-founder of Keyrock. Piers Ridyard and Juan-David discuss Keyrock's market-making services and the potential of DeFi to create a more equitable and accessible financial system.SummaryKeyrock is a market maker that facilitates the adoption of tokenized economies. It trades on over 85 exchanges and in 500 markets, with a trading volume of billions of dollars. Juan David Mendieta is Keyrock's co-founder and Chief Strategy Officer.Key takeawaysJuan-David questions the traditional economic model and how it relates to Bitcoin, suggesting that Bitcoin could be a viable alternative to the traditional economic model.Piers and Juan-David discuss the differences between a store of value and fiat currency, as well as the impact of a deflationary asset such as Bitcoin on debt and interest rates.Because rising asset values might result in higher interest rates, the deflationary nature of Bitcoin can have an impact on debt.Juan-David suggests that in the future, we could live in a world where all value is held in digital assets, and we would no longer need a separate exchange asset. He uses an example of headphones with an NFT (non-fungible token) to illustrate how this could work.Chapters[01:14] The source of Juan-David's passion for cryptocurrency[02:51] The unique perspective of a central banker on Bitcoin's potential value[05:30] Differences between fiat currency and store of value: impact on debt and interest rates in a Bitcoin-based hard money system[08:55] Piers' thoughts on Juan-David's thesis that all value can be held in digital assets without the need for a separate exchange asset and blockchain's potential to facilitate value exchange with a time component[12:55] Piers and Juan-David discuss a universal method for exchanging cryptocurrency, mentioning Bancor's ICO and expressing admiration for Carbon, an AMM developed by Bancor DAO contributors.[14:35] Juan-David's idea that everything has a value and can be traded for everything else — Keyrock's role and thoughts on the current and future importance of token liquidity and market making[19:37] The differences between market making and the Uniswap model — When should a project move from a bootstrap liquidity model to a market maker?[25:54] The Keyrock DeFi team and its unique approach to market making, focusing on both centralised and decentralised exchanges[28:48] The Keyrock team's research findings on up-and-coming DeFi companies, specifically GMX [32:52] The GMX protocol for advanced capital providers allows for selective positioning and efficient price discovery.[35:13] Upcoming developments in the DeFi space, such as Carbon[37:41] The potential of derivatives on decentralised exchanges: incorporating pricing models into derivatives[41:43] How projects looking for a market maker can get in touch with KeyrockFurther resourcesWebsite: keyrock.eu Twitter: @KeyrockTradingJuan-David's Twitter: @JuanDMendietaLinkedIn: linkedin.com/company/keyrock/
There are a lot of failures in crypto and DeFi history. Exploits, hacks, and failure of models have all lead to billions in losses for average traders. Bancor, the original AMM, experienced such a failure in June of last year, just after launching their vaunted version 3 of their protocol. The destruction was indirectly caused by the very thing that drew so many people to it, Impermanent Loss Protection combined with liquidity mining. The difference between Bancor and many projects in DeFi is that the team never gave up. Despite death threats and the pain of watching so many people lose value on the platform, they've persevered. They took the massively difficult step of locking up ILP and seemingly locking in big losses for investors. Now they are readying to launch a new platform called Carbon that they believe has the potential to make investors whole while providing a powerful solution that doesn't exist in this space for frequent traders. It is a big gamble for everyone on the team and in this episode we get into what it was like, the mistakes that were made, and what Carbon is all about. Project Name: Bancor / Carbon Project URL: https://bancor.network/ / https://www.carbondefi.xyz/ Project Twitter: https://twitter.com/Bancor / https://twitter.com/carbondefixyz Guest: Mark Richardson Guest Twitter: https://twitter.com/MBRichardson87 This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all. --- Support this podcast: https://anchor.fm/missiondefi/support
Our future has a lot to do with how we accept crypto, Bitcoin, smart contracts, and the decentralized world, says legendary VC Tim Draper. An early investor in internet companies like Hotmail, Tesla, and SpaceX, Tim was also an early proponent of Bitcoin. To learn more about Tim's predictions and ideas, listen to this full interview with BlockSolid podcast host Yael Tamar. About Tim Draper: Tim Draper is an American venture capital investor. In 1985, he founded the company that would become Draper Fisher Jurvetson (DFJ). He also founded Draper Associates and Draper University. Tim Draper helps entrepreneurs achieve their visions through funding, education, media, and advising on government reform. Tim has made hundreds of VC investments in companies including Tesla, Skype, SpaceX, Twitch, Hotmail, Focus Media, Robinhood, Athenahealth, Box, Cruise Automation, Carta, Planet, PTC, and 15 other unicorns at the seed stage; and has also invested in over 50 crypto companies such as Coinbase, Ledger, Tezos, and Bancor, among others. ______________ Explore our real estate projects: http://marketplace.solidblock.co Become a tokenization expert: https://www.solidblock.co/course Stay connected: https://solidblock.co https://www.linkedin.com/company/solidblock/ https://twitter.com/SolidBlockCo https://www.facebook.com/solidblock.co/ https://www.instagram.com/solidblockco/
Alertaron esta semana una nueva forma de ciberestafas que afectan exclusivamente a los clientes de Bancor que intentan ingresar a la página oficial del banco a través del buscador de Google. Nuestro especialista en seguridad informática, Pablo Cardozo Herrera, explica el modo en que operan para obtener los datos de los usuarios y cómo evitar ser víctima de ciberdelito.
Tim Draper founded Draper Associates, DFJ, and the Draper Venture Network, a global network of venture capital funds. He funded Baidu, Tesla, Skype, SpaceX, Twitch, Hotmail, Focus Media, Robinhood, Athenahealth, Box, Cruise Automation, Carta, Planet, PTC, and 15 other unicorns at the seed stage.He is a supporter and global thought leader for entrepreneurs everywhere and is a leading spokesperson for Bitcoin, Blockchain, ICOs and cryptocurrencies, having won the Bitcoin US Marshall's auction in 2014, invested in over 50 crypto companies, and led investments in Coinbase, Ledger, Tezos, and Bancor, among others.He created viral marketing, a marketing method for exponentially spreading an electronic service from customer to customer, instrumental to the successes of Hotmail and Skype and other applications, particularly effective for mail and communications applications. Arguably, social media, crowdsourcing and growth hacking are all outgrowths of viral marketing.He is regularly featured on all major networks as a proponent for entrepreneurship, innovative governance, free markets, and Bitcoin, and has received various awards and honors including the World Entrepreneurship Forum's “Entrepreneur of the World,” and is listed as one of the top 100 most powerful people in finance by Worth Magazine, the top 20 most influential people in Crypto by CryptoWeekly, #1 most networked VC by AlwaysOn, #7 on the Forbes Midas List, and #48 most influential Harvard Alum. Global Guru listed Tim as one of the top 30 Startup Gurus in the world.Listen to the full story on the MBIT Podcast.Twitter of Host: @mbitpodcastTwitter of Guest: @TimDraperGet "The Startup Hero" Here: https://www.amazon.com/How-Startup-Hero-Textbook-Entrepreneurs/dp/1973585340/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=
Excellent interview by Jamil with legendary investor and bitcoin advocate Tim Draper A World Filled with Heroes Tim Draper founded Draper Associates, DFJ and the Draper Venture Network, a global network of venture capital funds. Funded Coinbase, Baidu, Tesla, Skype, SpaceX, Twitch, Hotmail, Focus Media, Robinhood, Athenahealth, Box, Cruise Automation, Carta, Planet, PTC and 15 other unicorns from early/first rounds. He is a supporter and global thoughtleader for entrepreneurs everywhere, and is a leading spokesperson for Bitcoin and decentralization, having won the Bitcoin US Marshall's auction in 2014, invested in over 50 crypto companies, and led investments in Coinbase, Ledger, Tezos, and Bancor, among others. He is regularly featured on all major networks as a proponent for entrepreneurship, innovative governance, free markets and Bitcoin, and has received various awards and honors including the World Entrepreneurship Forum's “Entrepreneur of the World,” and is listed as one of the top 100 most powerful people in finance by Worth Magazine, the top 20 most influential people in Crypto by CryptoWeekly, #1 most networked VC by AlwaysOn, #7 on the Forbes Midas List, member of the Global Guru 30 Startup Gurus in the world, and #48 most influential Harvard Alum. --- Support this podcast: https://anchor.fm/crypto-hipster-podcast/support
As inflation grows around the world the US dollar enjoying multi-decade highs. To an extent, that's helping mitigate the impact of inflation in the US by dampening the rising cost of imports. Most other places, though, are seeing the opposite happen. The rising dollar devalues local currencies making imports, including energy, more expensive, adding to inflation. This week Phil Dobbie talks to Prof Steve Keen about the impacts of exchange rates on international trade and how nations could be starting to challenge the US dominance in currency markets. As Pola, a Debunking Economics Podcast listener asks, what happens as BRICs nations (Brazil, Russia, India, China) move to payments in their own currencies instead of using the US dollar? Beyond that, what if they develop their own trading currency, similar to the Bancor proposed by Keynes back in the 1940s. Subscribe to hear the podcast in full.
Good morning! This morning I go through a CryptoSlate article that coevrs the current issue of Bancor freezing their impermanent loss protection service. This service, along with their tempting rewards are why many people jumped participating into Bancor's DEX LP's in the first place. Two of these participants are most likeley Celsius and 3AC who are going through a death spiral themselves. Their death spiral is possibly causing havoc on Bancor's liquidity along with an anonymous large shorter of the BNT token. Bancor is shutting off deposits and pausing impermanent loss protection while they strategize how to best resolve the situation. Is this all a shell game or an honest and ethical pause? You decide for yourself! Sources: https://cryptoslate.com/whats-going-on-with-bancor/ https://twitter.com/hasufl/status/1538774433359441920?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1538774433359441920%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptoslate.com%2Fwhats-going-on-with-bancor%2F https://home.bancor.network/ https://blog.bancor.network/?gi=744b99dc45ce
Derek Hsue, cofounder at Reverie, discusses the recent controversial decisions by Solend DAO and Bancor, the importance of establishing processes for black swan events, and whether decentralized governance truly exists. Show highlights: what situation prompted Solend to feel it was in jeopardy what Solend DAO's response was to that situation why Derek views it as “the nuclear option” why the proposal sparked an outcry from the crypto community whether this issue could have been prevented or managed differently if the protocol was built on a blockchain other than Solana why, a day later, the DAO reversed its first decision to take over the whale's account whether Derek thinks the DAO made the right decision to not take over the whale's account what is Impermanent Loss Protection, a feature offered by Bancor why Bancor decided to pause Impermanent Loss Protection whether Celsius and 3AC had anything to do with Bancor's problem how Bancor's decision was made unilaterally how DAOs should deal with black swan events Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Ava Labs: https://www.avax.network/ EPISODE LINKS Derek Twitter: https://twitter.com/derek_hsue Reverie Website: https://www.reverie.ooo/ Twitter: https://twitter.com/hi_reverie Solend DAO Situation Covered on Monday's Unchained Newsletter: https://unchainedpodcast.com/does-this-dao-deserve-emergency-power%e2%81%89%ef%b8%8f/ Proposal to invalidate the first one: https://decrypt.co/103330/solana-lending-dao-overturns-vote-to-take-over-at-risk-whale-wallet The whale moved $25 million from Solend: https://www.theblock.co/post/153207/solana-whale-shuffles-25-million-to-reduce-risk-to-defi-protocol-solend Bancor Pausing Impermanent Loss Protection Bancor's post: https://blog.bancor.network/market-conditions-update-june-19-2022-e5b857b39336 Anthony Sassano's reaction: https://twitter.com/sassal0x/status/1539082583832526848?s=20&t=OzTV6M5bCH4fxJIJUtLA4Q DAO Governance issues: Lido DAO proposes to reduce the existing scope of governance of its token holders: https://research.lido.fi/t/ldo-steth-dual-governance/2382 Jack Niewold 's thread: https://twitter.com/JackNiewold/status/1539307339928457217?s=20&t=OzTV6M5bCH4fxJIJUtLA4Q Unchained Coverage: How Soulbound Tokens Could Reduce Speculation and Improve DAO Voting – Ep.360: https://unchainedpodcast.com/how-soul-bound-tokens-could-reduce-speculation-and-improve-dao-voting-ep-360/ Main tweet On this Friday's Unchained, Derek Hsue explains: * why the first Solend DAO vote was the “nuclear option” * whether Solana's history of downtime spurred the proposal * Bancor's decision to stop Impermanent Loss Protection * what this all means for DAO governance
Derek Hsue, cofounder at Reverie, discusses the recent controversial decisions by Solend DAO and Bancor, the importance of establishing processes for black swan events, and whether decentralized governance truly exists. Show highlights: what situation prompted Solend to feel it was in jeopardy what Solend DAO's response was to that situation why Derek views it as “the nuclear option” why the proposal sparked an outcry from the crypto community whether this issue could have been prevented or managed differently if the protocol was built on a blockchain other than Solana why, a day later, the DAO reversed its first decision to take over the whale's account whether Derek thinks the DAO made the right decision to not take over the whale's account what is Impermanent Loss Protection, a feature offered by Bancor why Bancor decided to pause Impermanent Loss Protection whether Celsius and 3AC had anything to do with Bancor's problem how Bancor's decision was made unilaterally how DAOs should deal with black swan events Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Ava Labs: https://www.avax.network/ EPISODE LINKS Derek Twitter: https://twitter.com/derek_hsue Reverie Website: https://www.reverie.ooo/ Twitter: https://twitter.com/hi_reverie Solend DAO Situation Covered on Monday's Unchained Newsletter: https://unchainedpodcast.com/does-this-dao-deserve-emergency-power%e2%81%89%ef%b8%8f/ Proposal to invalidate the first one: https://decrypt.co/103330/solana-lending-dao-overturns-vote-to-take-over-at-risk-whale-wallet The whale moved $25 million from Solend: https://www.theblock.co/post/153207/solana-whale-shuffles-25-million-to-reduce-risk-to-defi-protocol-solend Bancor Pausing Impermanent Loss Protection Bancor's post: https://blog.bancor.network/market-conditions-update-june-19-2022-e5b857b39336 Anthony Sassano's reaction: https://twitter.com/sassal0x/status/1539082583832526848?s=20&t=OzTV6M5bCH4fxJIJUtLA4Q DAO Governance issues: Lido DAO proposes to reduce the existing scope of governance of its token holders: https://research.lido.fi/t/ldo-steth-dual-governance/2382 Jack Niewold 's thread: https://twitter.com/JackNiewold/status/1539307339928457217?s=20&t=OzTV6M5bCH4fxJIJUtLA4Q Unchained Coverage: How Soulbound Tokens Could Reduce Speculation and Improve DAO Voting – Ep.360: https://unchainedpodcast.com/how-soul-bound-tokens-could-reduce-speculation-and-improve-dao-voting-ep-360/ Main tweet On this Friday's Unchained, Derek Hsue explains: * why the first Solend DAO vote was the “nuclear option” * whether Solana's history of downtime spurred the proposal * Bancor's decision to stop Impermanent Loss Protection * what this all means for DAO governance
ETH 450? | SBF Can't Stop Crypto Crash? Solana, Solend, Bancor, Synthetix, Bitcoin, and Ethereum News Live. There was a lot of hopium over the weekend about big players supporting the market. We heard all this in 1929. It didn't work. We take a look at all the news from the weekend and the dramatic spike in the market. We believe this rally could be the top before the next big crash ●▬Promotions▬▬▬▬▬▬▬▬▬● https://insights.tokenmetrics.com/tok... Token Metrics Apparel: https://shop.tokenmetrics.com Crypto Investing Guide Audiobook: http://tmt.link/audible Crypto Investing Guide on Amazon: http://tmt.link/amazon Sign up for Token Metrics at https://tokenmetrics.com Sign up for our Weekly Newsletter at https://bit.ly/3B9OVDP ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Podcast: https://tokenmetrics.com/podcast Blog: https://blog.tokenmetrics.com/ Follow us: Telegram Alerts Channel: https://t.me/TokenMetrics Telegram Discussion Group: https://t.me/TokenMetricsDiscussion Twitter: https://twitter.com/tokenmetricsinc Instagram: https://instagram.com/tokenmetrics ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Token Metrics Media LLC does not provide individually tailored investment advice and does not take a subscriber's or anyone's personal circumstances into consideration when discussing investments; nor is Token Metrics Media LLC, registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any security. The Token Metrics Media LLC team has advised and invested in many blockchain companies. A complete list of their advisory roles and current holdings can be viewed here: tokenmetrics.com/disclosures.
ETH 450? | SBF Can't Stop Crypto Crash? Solana, Solend, Bancor, Synthetix, Bitcoin, and Ethereum News Live. There was a lot of hopium over the weekend about big players supporting the market. We heard all this in 1929. It didn't work. We take a look at all the news from the weekend and the dramatic spike in the market. We believe this rally could be the top before the next big crash ●▬Promotions▬▬▬▬▬▬▬▬▬● https://insights.tokenmetrics.com/tok... Token Metrics Apparel: https://shop.tokenmetrics.com Crypto Investing Guide Audiobook: http://tmt.link/audible Crypto Investing Guide on Amazon: http://tmt.link/amazon Sign up for Token Metrics at https://tokenmetrics.com Sign up for our Weekly Newsletter at https://bit.ly/3B9OVDP ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Podcast: https://tokenmetrics.com/podcast Blog: https://blog.tokenmetrics.com/ Follow us: Telegram Alerts Channel: https://t.me/TokenMetrics Telegram Discussion Group: https://t.me/TokenMetricsDiscussion Twitter: https://twitter.com/tokenmetricsinc Instagram: https://instagram.com/tokenmetrics ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Token Metrics Media LLC does not provide individually tailored investment advice and does not take a subscriber's or anyone's personal circumstances into consideration when discussing investments; nor is Token Metrics Media LLC, registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any security. The Token Metrics Media LLC team has advised and invested in many blockchain companies. A complete list of their advisory roles and current holdings can be viewed here: tokenmetrics.com/disclosures.
Audio from the May 26th, 2022 installment of “Polygon Alpha” with Mark Richardson - the Head of Research at Bancor.Polygon Alpha Podcast - https://polygon.technology/YouTube - https://www.youtube.com/c/PolygonTVSpotify - Follow the show on Spotify!RSS feed for Apple Podcast - https://api.substack.com/feed/podcast/863588.rssTranscript - Coming soon!Host: Justin Havins aka Crypto TexanAV Engineer: MalkaviaM This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com
@Permissionless wrapup by Brad @Ankr $ANKR @BobaNetowork $BOBA @Bancor $BNT @Alchemix $ALCX @FantomFDN $FTM @AvalancheAvax $AVAX @Chainabuse - to warn users SEC enforcement ruled unconstitutional. Joe Cawley and Brad Nickel cover the DeFi news of the day, new opportunities in the space including liquidity pools, yield farming, staking, and much more. This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel, Joe Cawley, and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all. --- Support this podcast: https://anchor.fm/missiondefi/support
Hilarious Crypto Market Crash Video Bancor V3 launch lost in the USTY insanity Terra Blockchain halted What will happen in the market this summer - Fractal Supply of Luna does 5x in 24 hours Price of Luna is below a penny Do Kwon: "95% are going to die [coins], but there's also entertainment in watching companies die too" Joe Cawley and Brad Nickel cover the DeFi news of the day, new opportunities in the space including liquidity pools, yield farming, staking, and much more. This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel, Joe Cawley, and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all. --- Support this podcast: https://anchor.fm/missiondefi/support
Polkadot for Beginners | Linktree Fei on Twitter: Fastest-growing sectors emerging in the blockchain space Bitcoin whales jumping ship as exchange inflows reach 3-month high Crypto Trading : A detox center for addicts, over 90,000 euros to cure | by Trending Crypto News | May, 2022 | Block Magnates TRON DAO Launches USDD Jointly with Blockchain Leaders Brad's Reply to Scaramucci about Algorand Innovations in blockchain Cometh raises $10 Million to Boost Blockchain Adoption in Video Games | by Quoletta | cometh | May, 2022 | Medium DeFiLlama Launches Yield Tracking - Yield Rankings - DefiLlama The complete web3 Python SDK! Google Building Web3 team Juno f**ked up big time Security vectors in DeFi 1Q22 VC Funding Market. Summary | by Richard Galvin | May, 2022 | Medium Bancor 3 Launch Party. It's official. After one year of… | by Bancor | May, 2022 | Bancor Instagram to Integrate NFTs From Ethereum, Polygon, Solana and Flow Terra Lending Bitcoin to defend the peg Theta Labs and Sony launch spatial reality NFTs Joe Cawley and Brad Nickel cover the DeFi news of the day, new opportunities in the space including liquidity pools, yield farming, staking, and much more. This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel, Joe Cawley, and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all. --- Support this podcast: https://anchor.fm/missiondefi/support
Wszystkie dobre podcasty o kryptowalutach https://darmowekrypto.org.pl/podcasty-----------------------------------------Krypto Newsy Lite #393 | 11.04.2022 | Bitcoin leci na glebę, jak mocno spadnie? 5 firm z tymczasową licencją w UK! Bancor Bug Bounty-------------------------------------Poznaj Ekipę Krypto Narodu: https://krypto-narod.pl/OFICJALNY SKLEP Z GADŻETAMI KANAŁU MIKE SATOSHI http://kryptonarod.store/ZOSTAŃ PATRONEM KANAŁU MIKE SATOSHI https://patronite.pl/mike-satoshi-----------------------------------------Jeżeli chciałbyś wesprzeć rozwój i działania kanału, możesz przekazać dotację: https://tipanddonation.com/mikesatoshi lub PayPal: paypal.me/mikesatoshi Portfele do dotacji krypto są tutaj: https://cryptokoks.wixsite.com/mikesatoshi/dotacje ----------------------------------------- Mój kanał na YouTube: https://www.youtube.com/channel/UCEX4iDKLfxtIJY6IVgMSqCQE-mail do kontaktu: cryptokoks@gmail.com Oficjalny Twitter: https://twitter.com/Mikey_Satoshi Kanał na DTube: https://d.tube/#!/c/mikesatoshi Grupa KryptoNaród na FB: https://www.facebook.com/groups/230649241027530/ Grupa KryptoNaród na Discord: https://discord.gg/CPTSa43 Airdropy i inne sposoby na darmowe kryptowaluty: https://darmowekrypto.org.pl -----------------------------------------
With Crypto.com slashing their rewards on BTC, ETH, USDT, USDC, and DAI, and BlockFi and Celsius having already lowered their rewards long ago, moving your crypto over to a DeFi staking platform is the obvious move. You will probably earn more in the process! But safety matters too, and in Episode 44, we go over the safest options I have found which still give you maximum results. Platforms we discuss include Bancor, Lido, and Maple. Blueberry Markets Blog - https://nononsenseforex.com/uncategorized/blueberry-markets-review-my-top-broker-for-2019/ Markets.com Blog - https://nononsenseforex.com/uncategorized/markets-com-review/ US Residents Go Here - https://nononsenseforex.com/uncategorized/ig-us-review/ Lido Video - https://www.youtube.com/watch?v=bGLyFXXvCWI&t=632s Follow VP on Twitter https://twitter.com/This_Is_VP4X Check out my Forex trading material too! https://nononsenseforex.com/ The host of this podcast is not a licensed financial advisor, and nothing heard on this podcast should be taken as financial advice. Do your own research and understand all financial decisions and the results therein are yours and yours alone. The host is not responsible for the actions of their sponsors and/or affiliates. Conversely, views expressed on this podcast are that of the host only and may not reflect the views of any companies mentioned. Trading Forex involves risk. Losses can exceed deposits. We are not taking requests for episode topics at this time. Thank you for understanding.
DeFi Lunch (Ep 115) - April 8, 2022 @Convex Finance @OpenZeppelin @Coinbase @Bancor $WAVES $USDN Brad getting a Mac Studio Waves saga continues with USDN losing the peg Lending was not the reason that it regained part of peg - per @GuyStewart @CryptoCondom tweet on @Convex Finance exploit @OpenZeppelin audit on behalf of @Coinbase Poorly worded summary of what happened led to thinking Open Zeppelin was holding them hostage How sensationalized language can cause problems Bad @Algorand marketing.... Again @Bancor as project to watch Terra / Luna Do Kwon wants to take out MakerDAO Is UST at same risk to lose peg as WAVES --- Support this podcast: https://anchor.fm/missiondefi/support
We all know that from this point on there is simply no going back. What used to be will change soon. Starvation news and shutdown speculation. The Hunter connections are thick, and then there's brother James. Psaki involved? Pushing a plan for carnage. Sen. Grassley spills the beans and Rep. Gaetz throws down, while Nadler sharts. The transfers, the connections, the accounts, it's all there. When the corrupt panic watch out. Was the great depression planned? The Marshall plan for total control. Keynes, the currency pump, and how we got where we are today. The IMF and World Bank's crypto SDR's. The BANCOR was the first try. Big dollar moves are coming. Digital currency in exchanged for what? Economics is perception management. Get ready to ride the upheaval train this summer. Free people must always control their own money, and thereby control their government. Learn more about your ad choices. Visit megaphone.fm/adchoices
Bancor for most of DeFi is the forgotten pioneer that built the foundations of everything we have in DeFi. The first AMM sprung forth from an attempt at building localized niche currencies and after being passed over by some for other AMMs like Uniswap, the project continued to build and develop a better way. Now years later, they are set to reveal a new version of Bancor that could dramatically change the DeFi landscape again and they are determined to never be forgotten again. Nate Hindman and Mark Richardson not only detail the massive sea change that Bancor is bringing to market in V3, but our discussion takes us to the core components of DeFi and how to do things better. Project Name: Bancor Project URL: https://bancor.network Project Twitter: https://twitter.com/Bancor Guest Names: Nate Hindman & Mark Richardson Guest Twitter: Nate - https://twitter.com/NateHindman Mark - https://twitter.com/MBRichardson87 This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel and his guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all. How Bancor began as a local currency company Morphed into AMM, because they had to have a way for the currencies to be able to be exchanged and to have liquidity How impermanent loss led to them developing single-sided liquidity providing with verion 2.1 Users are able to get out the same number of tokens they put inplus the LP fees Then they describe how it works. Each pool has a common reserve asset in the pool which is Bancor's token BNT BNT is also an elastic supply token. Protocol owned liquidity 2.1 reduced the amount of liquidity allowed or capped it to make sure it was safe. How the DAO decides the capped amount for each token The more mature the token, the more depth in the pool Their insurance policy is vested over 100 day so to protect yourself from impermanent loss, then you have to keep your funds in the entire time. How their new version becomes composability Why the price of the token BNT is fairly stable and how much is trade-able Whether the volume of the exchange impacts the price Does the gambling addiction in Crypto impact the prices of tokens? Composability and smart tokens How Bancor pool tokens are immune to the type of price manipulation attacks experienced by Cream Finance. Up only tokens as part of the system Can only go up or sideways How volatility data has reduced the insurance/lockup period to just a 7 day cool down for withdrawal. Omni pool for earnings from the entire network No limits on deposit amounts Staking rewards from partner projects Auto-compounding rewards Being deployed in 3 phases Phase 2 not yet public Superfluid liquidity - can generate fees from liquidity and strategies - can be internal and external to the protocol $400 million in ChainLink liquidity $LINK No having to decide between fees from trading or staking Chip on their shoulder from having been the first and forgotten Partners can also insure their own tokens to compensate for IL protection --- Support this podcast: https://anchor.fm/missiondefi/support
Alternative stable strategies @TokenReactor $TOKE @OlympusDAO $gOHM @GeistFinance $GEIST @bancor $BNT @AlchemixFi $ALCX @FraxFinance $FRAX $FPI Cathie Woods ETFs $UST @Anchor_Protocol The rise of DAOs in 2022 Crypto Tax Software mess in the US Virtual NFT Pets Movie & TV picks for the week Joe Cawley and Brad Nickel cover the DeFi news of the day, new opportunities in the space including liquidity pools, yield farming, staking, and much more. This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel, Joe Cawley, and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all. --- Support this podcast: https://anchor.fm/missiondefi/support
Ideen für internationale Währungen gibt es immer wieder. Heute macht der Bitcoin Schlagzeilen. Historisch ist der Bancor das bekannteste Beispiel. Er sollte nach dem 2. Weltkrieg eingeführt werden, scheiterte aber am Widerstand der USA. Warum konnte sich bislang keine Weltwährung durchsetzen.
DeFi Slate dHEDGE Pool Is Live: Participate in the crypto revolution on Polygon offering tiny gas fees and outsized returns with DeFi Slate by your side!DeFi Slate Fam:The DEX space has seen a lot of changes since DeFi Summer. A lot of positive ones and some interesting experiments for sure. An OG in the DeFi space is Bancor who are working on their V3 protocol. Now, in this podcast we don't talk just about Bancor, we go over DEX tokenomics, the creation of proper emissions and inflation schedules, and how overall DeFi as a whole can create long-term sustainable yields. For all of you who are new, there´s a lot of crazy high APYs but these obviously aren´t gonna be around in 1, 2 3 years. The key for us right now is just to buckle up and build long-term products. Learn about building long-term sustainable yields in today's podcast with Mark Richardson and Nathaniel Hindman and enjoy this one as it will shape the rest of DeFi for the coming years.Cheers,Andy🙌 Sponsor Spotlight: Zerion, the #1 place to invest in DeFi! Swap, earn, borrow, lend!DeFi by Design EP59: Building Sustainable Yields in DeFi w Impermanent Loss Protection🙌 Together with: Degate, a Decentralized Layer 2 Exchange based on optimistic rollups. DeGate will offer secure order-book trading that is faster and cheaper than mainnet. Degate also offers a fast and efficient L1 - L2 Bridge, testnet is operating now. Try it HERE!DeFi Saver, is your hub for advanced DeFi management including automation and liquidation protection on Aave & MakerDAO. Join their discord to learn more about the community!DeversiFi is a layer 2 exchange providing deep order books so you can avoid gas costs and frustration, saving you time and money with every trade or swap. DeFi should be open to everyone, not just whales. Join their community on Discord now!QiDAO is one of the newer, most exciting DeFi primitives that introduces ZERO interest loans to DeFi. Their money market product along with their stable coin $MAI is available on Polygon, Avalanche, Fantom and Ethereum! Multichain MAXIS! Check it out, and get your first ZERO interest loan in DeFi! Join their community on Discord now!GoGo is building the world's first non-custodial, decentralized asset manager using NFT smart vaults and is allowing ANYONE to start yield farming on polygon with just a few clicks! So easy your grandma could do it! Join their community on Telegram now!Dhedge is a decentralized asset management protocol facilitating the future of co-investing & fund management. When you invest in top performing pools you earn rewards in DHT tokens! Join their community on Telegram now!🔥 Partner Project UpdatesPolygonHermez is an open-source ZK-Rollup optimized for secure, low-cost and usable token transfers on the wings of Ethereum. Check it out here!Zerion is a DeFi dashboard AND mobile app that enables any smartphone holder, anywhere in the world, to build and manage their decentralized finance (DeFi) portfolio. Check it out here!Pangolin is a community-driven decentralized exchange with fast settlement, low transaction fees, and the best trading opportunities to maximize your yield. Check it out here!Make sure to check out the Pangolin Roadmap Q1 2022: HERE⚠️ DISCLAIMER: Investing into cryptocurrency and DeFi platforms comes with inherent risk including technical risk, human error, platform failure and more. At certain points throughout this post, we might get commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.Liked this post? Share with a friend :)🚀 Join Our Inner Circle And Become A Certified DeFi Degen!🚨 Want to learn DeFi from Silicon Valley Investors & Entrepreneurs? Check out the DeFi Masterclass Here!🌐Check Us Out On Twitter!🚀Join the community on Telegram Channel to get our free V.1. yield farming guide!🎤Subscribe to our YouTube channel!👩💻Join the DeFi Slate DAO Discord Server!🖼 Interested in NFTs? Check out our new project NFT Slate!Last week in review:MetisDAO L2 Summer Incoming: Yield Farming & Airdrops GuideL2 NFTs Are About to Explode: Here's What You Need To KnowDeFi by Design EP58: Exploring Zk-Rollups & Modular Blockchains w SyscoinCheck out some previous interviews:DeFi Slate x Nate Hindman: AMMs & Bancor V2DeFi Slate x TheEther: A social governance experience for EthereumDeFi Slate x Jeff Jihoz: Web 3.0 Gaming Axie InfinityDeFi Slate x Nick Fett: Oracles, Tellor, and the future of DeFiRecent tweets: This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit defislate.substack.com
Bancor: the original DeFi project on EthereumWith Mark Richardson, Head of Research Piers Ridyard talks with Mark Richardson, the Bancor Protocol's Head of Research, in this episode of the DeFi Download. They dip into Bancor's history and innovations, its past controversies, and the source of its high yields. Bancor is the world's first decentralized trading protocol, allowing traders, liquidity providers, and developers to participate in an open market with no entry barriers. The use of the open-source Bancor protocol is not restricted.The Bancor protocol was created as a response to the low-interest rates offered by traditional bank products. Bancor users can invest their cryptocurrencies in this product and earn interest from market-making fees generated. Bancor is essentially a savings product that allows you to earn passive income from your capital. Due to the current state of DeFi, users can currently earn approximately 60% per year with the Bancor Network Token.[0:44] ELI5: What exactly is Bancor, and why should I care about it?[2:43] What kinds of assets can I invest in, and how much can I earn as a user on Bancor? [4:08] What is the source of the Bancor Network Token's (BNT) 60% interest rate?[15:14] What sets Bancor apart from Uniswap and SushiSwap as an automated market maker, and what gives Bancor its unique ability to provide only one side of the market?[19:39] How does Bancor protect against impermanent loss?[26:28] Bancor's history as one of the first DeFi projects, long before the term "DeFi" was coined[29:48] The definition of a ‘community currency'[33:00] Bancor's innovations and role as a pioneer in the crypto space[42:01] The elegance of Uniswap V3[44:57] The weak points of Uniswap V3 and how Bancor approaches them in a different way[48:48] The upcoming release of Bancor V3Further resourcesApp: Bancor Network Twitter: @Bancor Telegram: Bancor Protocol and Bancor Liquidity Providers Discord: discord.gg/CAm3Ncyrxk
Hello investors,In our continued Twitter Spaces audio series, we welcomed Mark Richardson, the Senior Research Associate at Bancor, one of the leading Decentralized Exchanges.As a research scientist, Mark's unique background led to his role at Bancor which has been paramount in the stability of the protocol. He also mentions the importance of staking as a token holder, explains how the Bancor Network Token (BNT) is a utility token with a vital role to the Bancor Protocol and his take on Decentralized Finance in the near future.Thank you to the community for participating in the conversation with great questions.Subscribe today so you don't miss our next conversation. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit investrly.substack.com/subscribe
Zack sits down with Mark Richardson , Head of Research at Bancor. Mark talks about his scientific background and how the COVID pandemic led to him switching career paths, the past and future of Bancor, what the beginnings of DeFi were like, Saffron Finance's recent whitelisting, governments + crypto, and more. You can find out more about Bancor at their website below: https://bancor.network/ Saffron Socials Web3 app: https://saffron.finance Telegram: https://t.me/saffronfinance Discord: https://discord.gg/pDXpXKY Twitter: https://twitter.com/saffronfinance_
Today's episode is all about the first Automated Market Maker and decentralized exchange Bancor. Since the Bancor Network is decentralized it requires the community to stake various tokens within their liquidity pools, though Bancor has a unique way of combating impermanent loss. Bancor definitely has some stiff competition from the likes of Uniswap and Sushiswap. Tune in to see if Bancor has an advantage! Bancor Website: https://bancor.network/ Bancor Whitelisting Proposal Tutorial: https://bancor.medium.com/how-to-whitelist-a-token-on-bancor-v2-1-c867b82675d4 Website: thecryptomasters.com Socials: facebook: @TheCryptocurrencyMasters twitter: @theCryptoMS1 instagram: @the_crypto_masters Contact: email: info@thecryptomasters.com Attributions: Intro/Outro Music: https://soundcloud.com/swamigeezy Intro/Outro Visuals: https://www.instagram.com/danimal_sound/
Coinstack - For Smart Crypto Investors - Bitcoin, Ethereum, DeFi & The Future of Money
This episode covers how to earn returns from algorithmic crypto trading in sideways markets. We also review the weekly crypto news, talk about the best and worst performing investments of the last 30 days, and look at the old world of TradFi vs. the new world of DeFi. In This Week's Episode of Coinstack... The Weekly Crypto News Roundup Earning Returns from Algorithmic Trading in Sideways Markets Best & Worst Crypto Investments - Last 30 Days Introducing the Ethereum Transaction Value Model (TVM) Seven Key Crypto Stats We're Following The Old vs. The New (TradFi vs. DeFi) ================= Coinstack Newsletter - coinstack.substack.com Coinstack Telegram Channel - t.me/thecoinstack Crypto mentioned this week: Bitcoin, Ethereum, Polygon, 1INCH, Bancor, Curve, Internet Computer Protocol, Titan, Iron Finance, Uniswap, Theta Fuel, Amp, Quant, XinFin Network, Theta, Mdex, Binance Coin, BlockV, Synthetix, DigitByte, Klatyn, Qtum, Ontology, Compound, Avalanche, NEM, Polymath, Nexus Mutual, Enzyme, Celo, Stellar, Filecoin, Arweave, USDC Companies mentioned: Zignaly, Shrimpy, Messari, Glassnode, Binance, FTX, INX, Metamask, Argent, Nexo, BlockFi, Revolut, Zerion, Blockfolio, Dharma, Strike, Bitpay, Nifty Gateway, NBA Top Shots, Dapper Labs, Circle, Delphi Research
Pavel Trades on Why I’m All of a Sudden BrokePavel is back! We’ve been in a bit of a crypto market slump lately (I’m not actually broke per se. I’m still in the green, but man…it’s been a painful month), so I wanted to find out what he thinks is up with that. We also get into decentralized finance (DeFi), the benefits of proof of stake and why Pavel thinks Bitcoin maximalists are misguided, and why religious fervor is par for the course in everything right now. Check it out!Since this deals with a pretty time-sensitive topic, I’ll let you know we recorded late in the morning on Monday, June 14. Since you’re in the future, things might have changed since then. Can Teslas fly yet?Pavel LinksFollow Pavel on TwitterProjects mentioned (Coingecko links): Synthetix, AAVE, Bancor, REN, ChainlinkRecommended Reading: How to DeFiSponsorBeYou Enterprises invites you back to your own body. Juliet Nail teaches yoga and other body awareness techniques to help you and your employees reach their wellness goals. Get in touch with Juliet today.Let’s Hang OutRU TexasWant to hang out with me, Thad Russell, Buck Johnson, Scott Horton, Cody Wilson, Hotep Jesus, Deirdre McCloskey, and Jack the Perfume Nationalist? Come to Austin in October for RU Texas. You don’t want to miss it!Learn With MeRenegade UniversityJoin me at Thad Russell’s Renegade University. RU is pumping out new courses so fast that I’m not even going to link to the particular classes anymore. Just go check it out! You’re bound to find something that scratches your itch.Thad is partnering with Scott Horton to bring you Scott’s two Renegade University courses and his new book, Enough Already: Time to End The War on Terror, as a super inexpensive package deal. Buy it now!Liberty ClassroomI’ve renewed my Basic Membership to Tom Woods’s Liberty Classroom so many times that I finally just sprung for the lifetime Master Membership. I recommend you do the same. You’ll get unlimited access to courses on history, economics, political theory, logic, and even literature taught by liberty-loving professors from colleges and universities around the world. It’s the antidote to the cathedral.Follow MeBe sure you’re following me on Twitter.If you watch the show on YouTube, switch to Odyssee. This decentralized platform will give you a clear conscience and make me a tiny amount of money (at no cost to you).Become a paying subscriber for bonus episodes, written content, and your very own private podcast feed.Find my other social links along with all the crypto donation options you can possibly stand at blackbirdpodcast.com/follow.(Note: I use affiliate links. By clicking the sponsored links above, I may earn a commission at no additiona
In this episode, I had the great pleasure of having Meirav Harel join as my guest speaker. Chosen as 1 of 100 most inspirational women in Blockchain, and with 20+ years of experience in finance and technology, Meirav Harel is a recognized expert in FinTech, Blockchain, Digital Transformation, Disruption, Investment & Trading Interfaces. Specializing in Innovative Technologies, and their impact on the Future of Banking, Finance, Regulations, Macro Economics and Business, Meirav is COO at IQONIQ, and an Executive Advisor & Management services provider to International Regulators, Banks, Stock-Exchanges, and various Firms. She is the former Head of Strategic Innovation Technologies at BDO and Bancor's former Acting COO. As a certified international Mediator, Meirav is one of the only mediators who has been recommended by judges, to mediate in the fields of Blockchain, Digital Currencies and Financial Technology. For 7 years, Meirav was the Business Development Manager of "LeumiTrade," Bank Leumi's award winning Financial Trading website, which was chosen as one of the three Best Trading Websites in Europe. Chosen twice for "Women in Fintech Powerlist" by Innovative Finance UK, and Israel's Ambassador to EWPN, Meirav is a highly demanded international Keynote Speaker on topics such as the Future of Money, Finance, Fintech, Blockchain, Cryptocurrencies and Digital Disruption. In addition to a dual Masters degree in Business and Communications from the Hebrew University, Meirav is a certified Investment Consultant, and has a software programming background. She thrives in interdisciplinary challenges and enjoys building and growing business opportunities particularly in changing environments.
Bancor (BNT) price prediction. How high can Bancor realistically go this market cycle? Sign up for Token Metrics at https://tokenmetrics.com Token Metrics Media LLC is a regular publication of information, analysis and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies. Like the podcast to let us know you like the content!
Haseeb Qureshi is a managing partner at Dragonfly Capital, a cryptocurrency venture fund that recently made headlines when they launched their new $225 million fund to invest in DeFi, NFT, Ethereum Layer 2 solutions, and CeFi. Haseeb talks about his history as a poker player, the qualities he looks for when choosing to invest in a crypto project, his thoughts on the Ethereum arms race, and more. https://saffronacademy.podbean.com/e/episode-1-haseeb-qureshi/ Saffron Socials Web3 app: https://saffron.finance Telegram: https://t.me/saffronfinance Discord: https://discord.gg/pDXpXKY Twitter: https://twitter.com/saffronfinance_ Transcription Dingo: Hey Everyone dingo here. And welcome to the saffron academy podcast. The objective of this podcast is to be an additional educational resource for our viewers, adventures outside the realm of saffron. In this, we'll be interviewing some of the best, brightest, most tenacious and entrepreneurial minds that the cryptocurrency sector has to offer. We want to give listeners a glimpse into the minds of some of these incredible achievers, how they got into crypto, what their viewpoints are on certain projects and where they see things going in the future. Saffron finance does not endorse the viewpoints shared in these conversations nor should this be construed as any kind of financial advice. But we are interested in giving exposure to a wide range of brilliant investors, developers, entrepreneurs, traders and so much more. We really hope you guys enjoy this new segment. If you have an idea for a topic or a particular guest request, feel free to write into the show at Dingo@saffron.finance . I hope you guys enjoy this and I'm looking forward to seeing what kind of value this provides. Now, having said that our first guest is Haseeb Qureshi, a managing partner at Dragonfly capital, a renowned cryptocurrency venture fund. His track record is nothing short of extensive, he's accomplished a lot in such a short amount of time. In addition to his time as a managing partner he's also been a programmer, a writer, a teacher, a public speaker and not to mention a bit of a poker aficionado but we will get more into that during the episode proper. I'm really excited to have a chance to be able to interview him and I know you guys are going to love this one, thank you. Okay Welcome to our inaugural episode, as you might have surmised I'm Dingo and you're listening to the Saffron Academy podcast I'm joined today by Haseeb Qureshi, a managing partner at Dragonfly Capital. Dragonfly recently made the news by launching their new 225 million dollar fund to invest in Defi, NFTs, ETH layer 2 solutions and more. But before we get into all of that, lets talk a little bit about yourself Haseeb, how are you doing? Haseeb: Hey Dingo, I'm doing great, how are you doing? D: I'm doing pretty good, we've been burning the candle at both ends coordinating with our guys in China and I was wondering how everything has been with you because I know you're in Singapore now, so how's everything going over there? H: I'm from SF actually but I'm in Singapore at the moment I was in Taiwan earlier so I've been globetrotting a bit or rather as much as anyone can given the limitations on travel. But it's been really amazing to see that, in the last two years, year and a half, we've all been unable to see each other. And everything's been so digitally mediated it's kind of a bit jarring to be back meeting with entrepreneurs and builders and old friends again. But its been really wonderful and I miss it so much. D: What do you notice about travel because I have not been out of the country? H: It's not, it's not easy, everything is 10 times harder and slightly more nerve wracking. And the one downside is that vaccines are now being distributed in the US. And given that I'm a foreigner in every country I travel to, foreigners are always the last on the list to get vaccines. So if I want to get vaccinated I need to go back to the US, which I'll probably do in a month. But other than that I mean, Singapore is a really burgeoning crypto community, its kind of become the new Hong Kong. So a lot of the exchanges and CeFi companies that were based in Hong Kong where they tend to have their international headquarters where they serve the pan asian market. Most of them have moved to Singapore because of more favorable regulations. So as a result Singapore has become this new hotspot for crypto founders and ideas. So it's exciting to see so much of a community forming here. D: Yeah I think in the US as well, I think Wyoming I believe it was, was the big state trying to entice people to come over. H: Yeah I don't know well that's working. But there's always these entrepreneurial cities that are trying -- you know. Miami is actually doing a pretty great job, the mayor, I think it's mayor Suarez, getting a bunch of Crypto people excited and being very open to innovations and giving great incentives for coming over. But I will say I think in America at least, there's like 500 silicon valley wannabes, and really, there's only one silicon valley. It's still the epicenter of tech innovation in the US, covid or no covid. D: Yeah, it's very cool but I wonder about-- you know I have a background in video production and I know Atlanta really helped bolster their economy by having all of these tax incentives for hollywood and all of these other filming companies to help set up shop there. And I'm wondering is Miami going to be the first to capitalize on that, to drive that business there, is it going to be Wyoming? I think it's kind of fun, anyone's guess now. H: Well the one thing that's for sure, which is kind of emblematic of you guys is that at least in crypto: it matters less and less where you are. You know, crypto is such a global phenomenon that, if there's one thing that covid has taught us it's that physical location is no object to building something that is world changing. And so many of the protocols, I mean you guys are one of them, you're a decentralized team, the team behind SFI. That was something that venture capitalists in particular just did not believe in that two years ago. You now I remember because when the pandemic started in full force, call it in march, there were so many traditional VCs who were claiming that for funding, the tap is going to turn off until the next year until this is all over. Because VC's have to meet people in person. You can't run the industry without in person meetings, it was sort of this enshrined almost traditional superstitious belief that in order to invest in something great, you need to meet the founder and go for a walk with them, look them in the eye, kind of see into their soul, and the moment the market started coming back you know in the summer, all that shit went out the window. And suddenly people were writing these 100 million + dollar growth rounds into companies and moving really fast and no one was meeting anyone in person. And suddenly you realize “huh, all this stuff that we thought was super important to what we do, turns out, it's nice to have but it's not essential. You can really do it without that. And I think crypto is a universe where we are clearly not going back to that world. Obviously we invested in you guys in the middle of the pandemic, and maybe for those who are not familiar Dragonfly struck up a deal to invest in SFI through the treasury, and we did that without ever meeting anyone in person. And we couldn't of course because members of the team are pseudonymous. But we were so excited about what you guys were doing, in this new world, this is how things are going to work. You don't need to meet the people in person if the product and the community is entirely digital in the first place. D: Yeah that's a really good point. I always try to look at things like the glass half full And I look at covid, I look at the paradigm shift that its bringing to the world and I think that if there is a good thing to come out of covid, you're right, it has kind of normalized working from home and by extension, its normalized this sort of global work space where you can coordinate with people from across the globe. We're doing it right now. And it's such a cool way to, at least for me in my own experience, kind of be exposed to different sorts of cultures and lifestyles and everything in between. I'd like to get a little bit, because Haseeb, you have such an interesting backstory, so lets dial it back just a little bit here and just talk a little bit more about how you grew up, maybe your education and then maybe some pivotal moments in your life that have influenced your decision to pursue investing and that sort of thing. Because I think there are a lot of people who are listening to this that are from varying walks of life, have varying amounts of capital, maybe they are playing with the idea of being in this new nascent industry. And they are playing with the idea of well what do I invest in, how do I identify something that is worth investing in, how can I make that distinction? H: Sure sure, so I grew up in Texas, in a small town called Dripping Springs which at the time it was a town of about 2000 people. And I was pretty much the only brown kid who was in that school system, alongside my two brothers. It was an interesting place to grow up because it was one of those places that was so boring, that you sort of, your mind had to be elsewhere. And in a way that was a bit of a blessing in disguise because it led me to really becoming cognizant as an internet native person. And I think there's sort of a generation around the late 90s that was sort of a first fully online generation. And that was me I was right on the cusp of when that digital transformation was taking place so I remember as a kid kind of growing up in MSN chat rooms and AOL chat rooms. I must have been 11 years old when I just really started spending a lot of time in digital spaces and communities. And finding myself more interested in participating in that world, than I did in my own highschool and middle school. And so as I got older eventually I went to college, I had a pretty hazy idea of what I wanted to do with my life. I had an idea that I wanted to do something meaningful but I had no idea what that meant. I ended up actually when I was 16 year old I ended up getting into playing online poker. And that was somewhat random, how that started. I just had a group of friends who had invited me to play poker with them. And I had never played poker before, like maybe 5 card stud or something but not like real betting poker with money. So I played the game of poker and I had no idea what I was doing and lost a bunch of money . Well as a kid at the time it was money but it was like 5 dollars or something. And I was so frustrated that I didn't know how to play poker or understand the rules really, and kind of betting or folding or how any of this stuff worked. So I ended up going and reading a bunch of articles about poker and I learned that actually there were a bunch of people playing poker online who were quite young,college kids, who were making a lot of money and doing quite well using statistics and game theory and all of these things that were pushing them to the forefront ahead of the old guard of the traditional poker players who grew up in vegas and dallas card rooms. I thought that just sounded so cool and I was like I spent a lot of my time online anyway, I bet I can learn how to do this. So I got a start as a 16 year old playing poker online, I didnt have any money so I was doing it under my older brother's name. And I ended up going from 50 dollars which I got for free from an online promotion and I turned that into 70 thousand dollars over the course of a year. D: Oh my God H: And basically by the time I was 19 years old I was ranked as one of the top 10 online no limit hold em players in the world. So I made a lot of money at a young age, and the interesting thing about poker is that it teaches you a lot of lessons but one of the things that I really take away from it. I had a tremendous amount of understanding and empathy for the people who made a lot of money in crypto. The reason why I say that is that there are so many commonalities between the way that online poker was back in the day, back in the late aughts, and what I see from the young generation that's making a lot of money in crypto, especially around crypto trading. So for one it's devoted your career toward a weird and somewhat subversive way to make money that is not traditionally prestigious but is very very undercrowded. You know not a lot of people understand it yet, and you're not going to get accolades from your parents or from a significant others family, they're not going to be very impressed to hear that you're a crypto trader or a professional poker player. But if you're smart and you're analytical and you're willing to do weird things to make money, you can do really well as a lot of people in this generation have. For some reason they both tend to be quite male dominated, and I notice the cultures are both quite similar, there's a lot of self deprecations, people call themselves degenerates and same thing in the poker world, people lovingly call themselves degens. There's a lot of crossover and I know a bunch of people who are ex poker players who found their way into crypto as well although for different reasons for different people. And there's something of course about understanding and being able to take intelligent risks, over and over again that I think unites a lot of what I saw in the poker community and what I see in the crypto community. And another thing is that, because these things are such global phenomena, they are primarily held together by online cultures, as opposed to in person cultures. So even if you work for google or facebook, although its an online company, your primary culture is with the people around you. But if you're a crypto trader or a crypto defi farmer or whatever you call yourself, its similar to being an online poker player in that your community is the global community of all the people who do this together, and some of them are competitive and some of them help you and some of them hurt you and some of them share information but then they hold back information. It's very very similar and so that's one of the things that I feel like I deeply understand about crypto from my background as a poker player, but every generation I think has a hustle. That young really aggressive and somewhat subversive people are drawn towards that allows them to make a lot of money. And in the late 2000s it was online poker, and in the early 2010s it was fantasy sports and it seems like now crypto trading and crypto trading might be declining now, just because its gotten so much more efficient, now it's defi and defi farming and there will be some next thing, there will be some new frontier, whether its speculating on NFTs or some positive thing that is at this frontier that is finding creative ways to push edges that are farther out than what most normal people can see. So I was a professional poker player for a while, and quitting poker when I turned 21 and I went back to school and I didn't study anything technical, I studied english and philosophy. And I ended up moving to silicon valley, took a coding bootcamp and learned how to code and eventually got as job at airbnb as a software engineer working on payments. So thats where I first caught the crypto bug. I had known about crypto for a very long time because poker players, like I mentioned theres a lot of crossover there and there are a lot of poker sites that only accepted bitcoin to avoid international banking issues, and I had bought bitcoin before just to buy little things here and there to try it out. But I never really got the story, like it was just this sort of weird way to buy drugs online that was like cool I guess this should be a thing. But it was really when i was working on international payments at airbnb, that the crypto story really started to make sense to me. You know before I was at airbnb I had never touched payments before, but at airbnb its a very international company, its a travel company so you're paying people in 90+ countries in the world. And your perception about how international payments works, if you haven't spent any time in it, is that you swipe a credit card and your money just gets there and there's some digital pipes in between. But working on that system, you realize how the presentation of what's happening is completely disanalogous with what's actually on the backend. What's actually in the backend is that there is no international payment system. There's a bunch of different payment systems around the world that don't really talk to each other, that are all kind of janky and different, most of them are super old and kind of broken. There's CSVs being emailed at midnight every night and being manually reconciled every night. There's places where we can actually digitally pay people and so we are manually sending checks into PO boxes and someone is hitting an API letting us know it's been picked up. You know there's all this jank on the backend to give the customer the impression that there's an international digital payment system. That its real time and 24/7 and you can just click a button on a website and your money gets there. But that's not really how it works, it's this giant mess, and just a big ball of spaghetti. And as an engineer, when you see that, your first instinct is “oh we should just throw this all out and start over” . We should build a system that actually comports to the needs that we have as a digital first global real time economy. As an internet company Airbnb is 24/7 but none of these payment systems are 24/7. Like why are they not? Why do they shut down on weekends? What the hell is this? And that was when I realized “oh, that's what crypto is” crypto is these engineers and philosophers and computer scientists and cryptographers and cyberpunks and economists. All got together and said “knowing what we know today about peer to peer systems and game theory and cryptography and monetary policy, how would you design a monetary system differently?” The thing that dawned on me is that all these different cryptocurrencies, especially in 2016 2017 is like why the hell are there so many? Why is there bitcoin and litecoin, ripple and feather coin and all of these random things? And it's like oh these are all different answers to the same question of how should a monetary system be constructed. And I at that point I basically was converted because I believe that what happens in this industry and look I'm not a bitcoin maximalist. I'm not convinced that we are all going to be paying each other with bitcoin or even Ether. But I do believe that what happens in this industry is absolutely going to change the trajectory of money. And the way we do money 50 years from now is not going to be the way we did money 50 years ago. So thats what convinced me to quit Airbnb and to go full time chasing the blockchain. So anyway thats my spiel about leaving Airbnb. D: It's so funny that everyone I've spoken to seems to have this lightbulb moment, and it sounds like you got it much earlier than most. It seems like the people who get into crypto at least as the early adopter kind of way, they just really get into it and I can speak to that myself. I'm coming up on my second year here, so much shorter than your duration in the industry but I think my own external circumstances which you know covid and lock downs and all the money printing are going to help lead me to have a similar “aha” moment” Do you think it's this contagious thing that's like a mind virus almost where its like once people kind of dip their toe in the pond, they really run the risk of getting really into crypto once they understand like “hey all of these systems that we take for granted that we assume like you said earlier that they work perfectly and are intertwined are actually cobbled together and hanging by a thread and we need some new systems to rise up and replace a lot of that stuff. H: I think so much of it is that, so many people I remember, and you have these conversations now, a little bit less than in 2017, where people will tell you “look, I just dont think bitcoin makes sense. Or ethereum doesn't make sense. None of this stuff can possibly be valuable or be money” And you ask them well you think this stuff doesn't make sense, do you understand how money works? And most of the time the answer is no! Because nobody teaches you how money works, nobody teaches you how the financial system came to be what it is today. We sort of assume that everything is rational but it's this very path dependent evolutionary process that led us to where we are today. And I think what you find without fail is that people who understand money and why the financial system is structured the way it is, the best, are the people who are most able to understand what is so compelling about crypto. That doesn't mean that they necessarily agree or that they think crypto will be the be all end all. But they understand it. And most of the time people who just have this instinctive reaction of “oh bitcoin, that doesn't work, no” it's usually because they don't understand money. And I think for myself, that lightbulb process, was me coming to understand money. And understand really what it was, as opposed to just simply this function in my life that is taken care of by the powers that be. And when you see how part of becoming an adult, if I can go here, is realizing more and more, that the systems of authority and tradition, sort of the way things are, realizing how arbitrary they are, that is the process of becoming an adult. Is realizing that the way things around you work, are right because they are this way, but rather they are right because this works. We wouldn't be here if the system we had around us didn't work. If it didn't work we wouldn't have made it. But just because it works doesnt mean its optimal. Doesn't mean that it's what we are going to be doing 20 years from now or 10 years from now. And you can see that from how much the world around us has dramatically changed in the last 20 years, but its even more obvious in seeing how things have changed in the last two years with the advent of covid. You can see how quickly and how much things can change, speaking about the thing with meetings. I don't think business travel is ever going to come back the way it was. Because we realize now how much we were bullshitting ourselves. About how much travel needed to happen. And in reality meeting someone on zoom or doing a podcast interview is great, its not 100% but its like 85% which is awesome. The same thing i think is part of how so many people they have their mind set around what crypto is transformed. Because it's just another element of these things you realize like ‘huh crypto sounds like this really sci fi idea'' of this kind of non sovereign community of online pseudonymous people who created money that's not owned by any country and they cant be stop blah blah blah, it sounds like something out of a sci fi novel, and the first time I really wrapped my head around with what's going on with Ethereum I thought “someone is making this up or this is just some weird corner of the dark net that no one really, ya know, it seems so far fetched” on first hearing, which is one of the reasons why, the thing that is honestly the most convincing about crypto, is not anything like “here's why it makes sense” or “this is more efficient” or “norm efficient” or “this or that” The most convincing things that convinces people about crypto, is just seeing it survive. D: Yeah, seeing it persevere H: That's right. You see it in 2015 and you're like oh this is crazy, bitcoin is at $200, insane. And then you see it again in 2017 it blows up like crazy and it collapses and you say I'm glad I ignored it. And then it shows up again and its not going to go away. People realizer now this thing is not going to fucking go away. You have to deal with it, you have to understand it. And that I find is by the most convincing argument in favor of crypto, is just that you can't argue against technology, you cant argue against the future, it just comes whether you like it or not D: Yeah as much heartbreak as the 2018 crash I'm sure gave out to millions of people, I think it was overall extremely healthy for the industry just for investor confidence going forward H: Agreed agreed D: So lets dial back a little bit. Because I want to get to your time at dragonfly capital, which is in my opinion one of the most prestigious venture firms around when it comes to crypto and I'm really excited to hear about some of that. So you end up leaving airbnb. Walk us through that decision to get more involved in the industry, I mean I know you have that lightbulb moment but like what was your path forward from that, like what steps did you take? H: Honest answer is that I had no friggin clue. I knew I wanted to be in crypto but I didn't know what that meant. I didn't understand the industry all that well. And you know my instinct when I'm entering into a new domain that I don't really know very well. I just go to immerse myself in it. Just steep my brain in the juices of whatever it is I'm trying to learn and let it sit there and soak stuff up. So I started spending a lot of time around people I knew who were already in the crypto industry. I started listening to podcasts, and reading and going to talks like anything that I could. I started building stuff and prototypes and coding up stuff I was learning about reading whitepapers, just pushing myself as deep into the industry as I could and at first very little of it made sense to me. As I imagine for someone coming in today, very little of what they are interacting with makes any sense either. Given how much more developed things are from when I started. I just kind of kept, even when I didn't understand things. Even when things were way over my head, which they were a lot of the time. I just kind of kept throwing myself in there until eventually, kind of like a child, you just sort of start to see the patterns and understand oh okay these two things go together, this is what lightning is, and you start to develop your concepts and you uncover more and more of the map. You know at first I wanted to build a company but then I realized I didn't realize what the hell I was doing. I didn't know what anyone needed. So you can't really build something till you know the problem that needs to get solved. And I realized I didn't understand the problems in crypto enough. And so I decided instead to go join a startup and to go work in the trenches and build up my intuitions that way. Actually I started before any of that doing some independent security research and me and buddy of mine Ivan, we ended up uncovering a fund running exploit against Bancor which if you remember was one of the first defi protocols that launched in 2017 and had a crazy ICO back then. And we published this vulnerability and that first got us some street cred in the crypto world. And then I joined this company called 21 which became earn.com which got acquired by coinbase. Thats where I got to know the CTO of coinbase Balaji Srinivasan and after that I was working on a stable coin startup where I ended up getting to know Naval Ravikant who was cofounder of Angel List and he runs a fund called metastable capital. And he ended up recruiting me to come on to the investor side and thats how I became an investor. Thats a long story I can go into that if you want, but I don't want the entire interview just to be the minutiae of my career. D: No its just that you've had such an interesting path and I think thats a common throughput with a lot of people in this industry. They think outside the box they're early adopters, they're big risk takers but sometimes those risks pay off. You're right we could sit here and talk for another hour about your story...but H: I feel like we should talk about SFI at some point D: Yeah lets kind of shift this conversation a little bit. But so going forward the Dragon Fly Fund 2, that rolled out in March is a 225 million dollar fund to invest in Defi, ETH layer 2 solutions, NFTs and centralized finance. So I guess on a grand scale of things, what are specific things you personally look for when you approach investing and say hey I want to believe in these people, I want to put my money into watching this protocol grow. What are some key tenets you look for to identifying a project that has that kind of untapped potential. H: I think it's, investing has a lot of different frameworks that people apply to it. I think the most common breakdown are sort of 3 components of early stage investing are: team, product and market. Team: kind of obvious right? You want to back brilliant early adopting aggressive founders. And even in the DeFi space where of course many of these projects are decentralized or anonymous there's a community element to it, at the end of the day, there is a generally limited number of people who are driving the majority of the work. And betting on great visionaries who have a clear sense of where this thing ought to go is a big part of investing. Second thing is product. You know, what they are building, how good is it, is it usable, is it delightful, is it 10x better than its competition? And the third thing is market. You know you might build and amazing tax optimizing software which is great, but how big of a market is there for that? Like if you build the best tax optimizing software in the world, thats pretty good. But is it as big as building the next Ethereum? Probably not. So market is always a question that modulates-- even if you knock it out of the park and you become an absolutely dominate protocol or company, how big can you actually get? which is ultimately as an investor thats what Im thinking about because i'm thinking about, how do I invest in the most important protocol or product of this generation. And ultimately the size of the market is the cap of how big that outcome can be. So every different investor has a different weighting of how they think of team vs product vs market and I think at different stages those 3 points on that triangle become differently important right? At the very earliest stages, investing is almost all about team. Because often times you're pre-product and you're investing in someone and they just have an idea or theyre like “look me and my two friends have this thing that is a sketch of a demo and we have some mock ups but we need some money to quit our jobs and do this” Well in that case it's pretty much all team. A lot of times the market is poorly defined or its very likely they are going to pivot, so market isnt as strong of a question and product, there is not product. As a company develops or a protocol develops, then I think it sort of shifts towards product where its like “ok you're starting to really show your chops and its less about the founders and great story or really charismatic energy thats driving the project forward” and more of a “okay what did you actually build?” Does it work, do people want it, is it usable, are the metrics growing? And as a company or protocol gets more and more mature then the question really becomes about market right? So think for example something like in DeFi, Nexus Mutual, Nexus Mutual right now is the market leader in defi insurance or on chain insurance. And so when you're betting on Nexus Mutual, part of it is betting on product, part of it is betting on team but its much more so betting on market right? Its a question of these guys are the market leader right now in insurance. Maybe they'll stay the leader, maybe they'll lose the spot, but so much more of a bigger component of the question is “where is this market going” If this market is not going to grow then it really doesn't matter how much better they do. Because they are not going to increase the size of the market. If you think this market is going to 10x, 100x, because more and more people are going to come onto DeFi and more and more people are going to need insurance then well okay probably the market leader is going to continue to be the market leader and that significantly raises the ceiling on what this thing can become. So thats sort of the way that I think about how to approach investing, it depends on the stage and it depends on the particular type of company it is right? So DeFi vs CeFi so to speak D: Yeah thats really interesting just hearing that broken down and clearly that is a framework and method that is not only effective but has been incredibly successful for dragonfly. You guys have been backing Compound and Maker and initiatives and protocols. So, I guess I will pivot to this question, that criteria that you mentioned and those guidelines for identifying what protocols you see potential in, and what protocols you believe in the fundamental of, how does that translate into your decision to invest in Saffron Finance? H: So we have been tracking the risk tranching space for a while, I mean we've been tracking DeFi for a a long time. So I think I mentioned literally the very first thing I did in crypto was uh, poking around bancor which was the very first DeFi project on Ethereum. And early in MakerDAO we invested in Compound pretoken and investors in 1inch and a bunch of the early generation of DeFi projects before DeFi became really hot and so its something we have been thinking about for a very long time is how is risk going to be packaged and sold within DeFi. Buying and selling risk is one the most common activities that happens in traditional finance. For good reason because there are some people who have high risk appetite and some people who have very low risk appetite. And being able to transfer risk from people who cannot afford to have that risk for example a fast tube business that needs to minimize their exposure to weather risk in their supply chain because they run a very tight margin business, to a financial speculator who is able to offset that risk or take on some of that risk in exchange for a premium. That is one of the most common activities that happens in finance, is ultimately the buying and selling of risk. So in DeFi naturally as DeFi matures, naturally one of the questions is “How is risk going to be bought and sold in DeFi '' And up till fairly recently the answer was “we don't know”. Theres no real way to buy and sell risk in DeFi. It wasn't that long ago that we started to actually get perps in DeFi. For a long time there was no professional swaps on most of these DeFi. Certainly no on chain ones. And then you know I think FTX kind of kicked off a trend of launching lots of perpetuals on DeFi coins through centralized venues. But for a long time there was really nothing. And so seeing what SFI was doing in risk tranching, you know risk tranching is one of the oldest methods of being able to buy and sell risk because just think about debt, the way debt is structured is that debt is senior to equity right? So if a company gets liquidated the first thing that happens is that they pay off all of their debt holders, and then everything else goes to the equity holders, that's tranching. SFI we saw was the first and most robust solution to the question of “How to do risk tranching on chain” and we just thought, I mean kind of looking at those 3 prongs, market? Huge! Absolutely the buying and selling of risk is going to be a huge huge thing in DeFi. A big part of the reason for why you are not seeing more adoptions from institutions from retail, from whoever, is that DeFi is really risky. And it's hard for people to control that risk. And having tools for people to be able to offload that risk, and somebody who is able to take it on in an exchange for premiums, that's such a fundamental financial activity, that that is absolutely going to be essential if DefI takes off. So markets are big. Second thing, product? Dope. Obviously SFI V1, still early and still a lot to figure out. But you were the first guys to get it working. It was the first protocol that we saw that was really doing the thing that it said on the tin. And so we were just tremendously impressed by that. And its a hard problem and there's still a lot to figure out and to solve. And then to go to number 3 which is the team. And we just saw that the team was absolutely fantastic. And they had been iterating on this and working on this problem before anyone else did. And they had built a really vibrant and powerful community. So to us, SFI seemed like a really natural project for us to throw our weight behind. And I just want to caveat all of this. That this isn't investment advice, I didn't say anything about the SFI token, but we are very excited about the SFI project. D: Yeah well thank you so much for those kind words. I was really floored and I still am floored on my day to day too, just being around with these incredibly smart people all the time and interacting with them. Psykeeper, I don't know, that guy is a genius and incredibly humble too. So I'm really proud of the team and I'm glad that echoed. H: Yeah he's incredible. D: So going ahead from that, and I know one of the other big cornerstones of the Dragonfly Fund 2 is investing in ETH layer 2 solutions and I was wondering, I kind of have been looking at this space myself, and I have been throwing some interest here and there in terms of ETH competitors. What are your thoughts on that sort of stuff? Do you think it's this digital arms race? Do you think Ethereum will still reign king? Do you think theres some sort of potential maybe for a lesser protocol like ADA (Cardano), avalanche or polkadot? H: This is a good question, I think to some degree two years ago I was really unsure what the answer of this question was going to be. I shouldn't say I was really unsure but I was 70% confident ethereum would win and 30% who knows. Now its more like 90% that Ethereum wins and 10% of who knows. And the who knows could be any number or players, whether its avalanche or neo protocol or something, even something farther down the list, I don't think BSC is in the running for that but I do think BSC is still an important part of the pantheon of block chains. I think a lot of this comes from the fact that ethereum is just built such an incredible network effect over the last two years especially with the advent of defi. And so much of what makes ethereum what it is, is not even about the technology. If you think about it, Ethereum is already something like, depending on how you count it, like 6 to 8 years old. Because ethereum was originally being worked on in 2013. That's when the whitepaper was originally worked on. Then they actually launched in 2015 properly which is now 6 years ago. So ethereum is old technology. Its been iterated on, and improved on in marginal ways. There's a reason why Ethereum 2 is a complete rewrite of Eth 1.0, because ethereum 1.0, it basically is like the MS DOS of the crypto operating system. And inevitably it will be displaced from the top, the question is by what? Is it going to be Ethereum 2.0? Is it going to be one of the layer 2's, such that layer 2 systems on top of ETH 1 that then migrate over to ETH 2 where you're mostly spending time on the layer 2 you're not really interacting that much with Eth 2.0 directly. And you're just jumping from layer 2 to layer 2, sort of like jumping from different servers in a video game. That might be the way that ETH 2.0 and the future of ethereum looks. And thats actually the future that vitalik described in a post that he did late last year. So, its a little too early to know for certain, but I think what we do know is that ethereum has such a powerful network effect. Such a powerful community. You know we talk about network effects very loosely but blockchains are literally networks, so if anything has a network effect its certainly a blockchain. Part of the reason why so many of the projects have to build on Ethereum is not just because of the tooling and the community and the daily active users and the TVL and all of these other things that makes ethereum what it is. But the most obvious thing especially for something like saffron, where you guys are a financial protocol, theres this old joke: this famous bank robber finally gets caught by the police. And the police ask him “why did you rob the bank” and the robbers answer is “well thats where the money is” And in a way, thats why everyone has to build on ethereum. Because thats where the money is. So if you're financial protocol, and you want to do something really big, you have to go where the money is. And the money is on ethereum D: Yeah I echo a lot of that sentiment. Do you think that other competing technologies like Eth competitors might even be integrated in some sort of form in 2 Eth? Like if they don't replace it outright. H: I do believe they already are. Most of these other layer 1's, not most, but many of them, they have EVM compatibility. So you can just port contracts directly over. BSC is the most obvious one where Binance Smart Chain is literally just in Ethereum form but avalanche for example, NEAR has one upcoming, a bunch of layer 1s, Tron, have this property-- EVM which is the virtual machine of Ethereum which is all the computer instructions so you can take contracts written on ethereum and just dump them onto another blockchain and they just work out of the box, they have that property because ethereum has become so dominant. Ethereum contracts are the lingua franca of blockchain smart contracts. So you know its kind of an uphill battle for those smart contract chains that don't have EVM compatibility such as solana or polkadot. I think Solana has EVM compatibility on their road map but right now they don't have native compatibility. So in a way the answer is already yes. Already they have bent their architectures to say “hey we work with ethereum and the ethereum tool chain” but in addition to that so many of these block chains have ethereum bridges. I remember back in 2017, so much of the story of polkadot r and cosmos was that there is going to be generalized blockchain interoperability and it was such an important problem because theres so many blockchains and they all need to talk to each other and you can sort of imagine a kind of map of America and a bunch of different states, and every single state or city rather is like a blockchain, and every single city needs to fly to every other city. That is the world we thought we were going to have to live in, where you need this complicated flight map where it shows how each city is going to talk to every other city. So like hows Zcash talk to Monero which is going to talk to Tezos which is going to talk to ethereum blah blah blah. But it turns out the actual world we live in is one where theres a bunch of different paths to one place, which is ethereum. Everybody has built a bridge to Ethereum, avalanche has a bridge to ethereum solana has a bridge to ethereum, binance has a bridge to ethereum, everybody bridges to ethereum and nobody bothers bridging to anyone else. Which tells me more like we're in ancient rome. Where you have this huge tree of paths that all go to one city which is Rome, and that today is ethereum. Thats the world we actually live in with respect to blockchain interoperability. Which tells you something about the real structure of what is the dominant blockchain and what are the shipping channels, the trade channels that really matter in this new world that we're seeing. The only trade channel that really matters is the channel between your blockchain and ethereum. And it seems unlikely to change any time soon but we'll see. D: That is such an interesting point that I hadn't really fully considered, I'm really glad you brought that up for us and our listeners. As we close out this with respect to your time, I'd like to just ask whats one thing you wish you knew earlier when you started your investment journey into crypto, even before you became part of an institution but you know even as a retail investors, whats some sort of piece of wisdom you can impart onto our listeners H: Thats a really good question, let me think for a question. Things I wish I knew earlier...I think for me something I wish I knew earlier, when I started investing I was so terrified that I didn't know what I was doing and that I wasn't really qualified to do this. Because how could anybody be qualified to invest into crypto, the things was just barely invested a few years ago like bitcoins only been around for 10 years. Theres these funny postings saying like “oh we want 10 years in crypto” and its like, yeah but crypto has only been around for 10 years. I guess one thing that took me a long time to internalize, is that you don't really need anyone's permission or approval to be good at this. You just have to do the work. And I think it took me a long time to really interalize that and it's something I try to pass on to people at Dragonfly, is that you don't need anybody to approve you or any credentials in order to be great at doing this. Crypto is so specific and its so new and weird and nuanced and multidisciplinary. The only thing you need to do is the work. If you do the work, you learn how the stuff works, you spend your time in the trenches, you read the whitepapers, you play around with the contracts. If you know it better than everyone else does then you can be really successful in this space. And thats the beauty of crypto is that its one of the few things that is truly meritocratic, you either get it or you don't. And if you don't get it, it doesn't matter. No credential or no having gone to some university or having worked at some company is going to save your ass if you don't actually get it. D: I love that. That's a great one to go out on man. I really appreciate you taking the time out to talk to us. H: Of course, this was really great. I really enjoyed talking with you Dingo.
In this episode, I had the great pleasure of having Motti Peer join as my guest speaker. Motti Peer is an experienced Chief Executive Officer with a demonstrated history of working in the public relations and communications industry. Skilled in Entrepreneurship, Marketing Strategy, Strategy, Digital Marketing, and Social Media. Strong entrepreneurship professional with an MBA focused in Finance, Economics from Ono Academic. ReBlonde is a Tech PR agency with three divisions: Public relations, Social media, and Events. Amongst our current and past clients: Waze, Intel, Spotify, Viber, JFrog and Deutsche Telekom. ReBlonde has established itself as the leading PR firm for the digital currency industry, having represented more than 300 cryptocurrency companies, including Waves, Bancor, Sirin Labs, Status.IM, Celsius, Fusion, WePower and Government of Malta.
In this episode, Steve McGarry talks to Eyal Hertzog, founder of Bancor and CEO of DeWeb. They discuss several topics from Bancor and its advantages and how DeWeb can change how online services and the whole ecosystem can be used. Eyal Hertzog's History Eyal Hertzog talked about his start in the technology industry when he joined the Israeli army. He served in their IT department as a manager for the Intelligence Core for four years. Hertzog then joined Class Data Systems as their application marketing engineer in 1997. He then invested in his first startup called Contact Networks. In 2003, Eyal started his second company called MetaCafe, which rivaled YouTube at that time. And in February of 2017, he released a company called Bancor. What is Bancor? According to Mr. Hertzog, Bancor is a blockchain protocol that enables its users to instantly convert several virtual currencies instead of using cryptocurrency exchanges like Coinbase. Bancor is a solution to provide liquidity for any asset hassle-free. What is DeWeb? DeWeb is a different way online services can be developed, operated, and marketed. It is a simple solution that permits several parties in a free market and permissionless ecosystem. There are three levels and classes when you use DeWeb. The software developer, operator, or like a cloud service, and the marketers or the domain owners whose job is to acquire users. These three roles allow users to run a service in a more centralized and organized way. There is also a royalty distribution engine that ensures that it is shared with the developer and the operator whenever revenue is generated. Their goal is to make online services public and free for everyone to use. DeWeb believes that it is better to create a transparent environment. For more information about the company, you can visit their website at deweb.io. -- Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.
Tune in to this episode of the Security Token Show where Kyle Sonlin and Herwig Konings discuss the latest Security Token News and Insights! Kyle's Company of the Week: Texture Capital - https://www.texture.capital/ Herwig's Company of the Week: The SEC - https://www.sec.gov/ = Stay in touch via our Social Media = Kyle: https://twitter.com/kylesonlin Herwig: https://www.linkedin.com/in/herwigkonings Opinion articles, interviews, and more: https://medium.com/security-token-group All articles that were discussed were sourced from https://STOmarket.com/news Check out our medium blog for more news! = Industry News = Luxembourg Permits Holding & Registering Securities through Blockchain Technologies - http://georgiatoday.ge/news/22938/Luxembourg-Permits-Holding-%26-Registering-Securities-through-Blockchain-Technologies Digital asset legislation hailed as “big win” - https://ewnews.com/digital-asset-legislation-hailed-as-big-win Hong Kong Consults on a New Licensing Regime to Regulate Virtual Assets Exchanges - https://www.jdsupra.com/legalnews/hong-kong-consults-on-a-new-licensing-40622/ Australia's central bank to research Ethereum-based CBDC - https://modernconsensus.com/technology/australias-central-bank-to-research-ethereum-based-cbdc/ Investors fight to keep Bancor securities case out of Israeli court - https://cointelegraph.com/news/investors-fight-to-keep-bancor-securities-case-out-of-israeli-court Blockchain And Crypto Unicorn Figure Reveals U.S. Bank Ambitions - https://www.forbes.com/sites/billybambrough/2020/11/06/blockchain-and-crypto-unicorn-figure-reveals-us-bank-ambitions/?sh=794d896a74b0 DLA Piper And Aldersgate DLS Launch TOKO - https://www.scoop.co.nz/stories/BU2011/S00121/dla-piper-and-aldersgate-dls-launch-toko.htm TOKO Platform for Tokenizing High-value Assets is Announced - https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/global-law-firm-launches-high-value-asset-token-platform-toko/amp Skyhook Capital, a Distributor of Investment-Grade Digital Assets, Partners Digital Asset Shared Ledger, a Corda based Liquidity Network - https://www.crowdfundinsider.com/2020/11/168655-skyhook-capital-a-distributor-of-investment-grade-digital-assets-partners-digital-asset-shared-ledger-a-corda-based-liquidity-network/ INX Names Paz Diamant as New CTO - https://www.financemagnates.com/executives/moves/inx-names-paz-diamant-as-new-cto/ Association for Digital Asset Markets Assigns Michelle Bond as CEO - https://www.financemagnates.com/executives/moves/association-for-digital-asset-markets-assigns-michelle-bond-as-ceo/ Dave Hodgson: CIO at NEM Group and MD at NEM Ventures Discusses Plans for Enterprise Blockchain Development and Support for DeFi - https://www.crowdfundinsider.com/2020/11/168870-dave-hodgson-cio-at-nem-group-and-md-at-nem-ventures-discusses-plans-for-enterprise-blockchain-development-and-support-for-defi/ Are STOs and Crowdfunding Making a Comeback? CoinMetro's Kevin Murcko Answers - https://www.newsbtc.com/interview/are-stos-and-crowdfunding-making-a-comeback-coinmetros-kevin-murcko-answers/ Digital securities could drive additional liquidity to private equity - https://www.euromoney.com/article/27pd7rhd857c6h6ijnqbk/fintech/digital-securities-could-drive-additional-liquidity-to-private-equity Symposium: Liquidity is key in securities lending - http://www.securitieslendingtimes.com/securitieslendingnews/industryarticle.php?article_id=224307 = STO/Market Updates = Cryptosx and Soteria Capital to Join Force to Develop Security Token Market: Author – CFR - https://www.digitalfinancenews.com/index.php/2020/11/08/cryptosx-and-soteria-capital-to-join-force-to-develop-security-token-market-author-cfr-2/?utm_campaign=twitter&utm_medium=twitter&utm_source=twitter Tinaga Island Resort - Press Release – November 9th, 2020 - https://www.tinagaislandresort.com/press-release-november-9th-2020/ [STO] RVW Token Audited By CertiK - https://www.lcx.com/rvw-token-audited-by-certik/ CoinMetro Bond Offering - https://bond.coinmetro.com/ UGPay Group, a global asset management company, has launched its token sale - https://in.news.yahoo.com/ugpay-group-global-asset-management-095604402.html Security token volumes crash by half for two consecutive months - https://cointelegraph.com/news/security-token-volumes-crash-by-half-for-two-consecutive-months Swiss company makes shares tradable on the public blockchain in pioneering move - https://www.iam-lab.ch/press-release-201104-en/ = Events = Digital Assets Investment Conference - https://hopin.to/events/digital-assets-investment-conference Broker-Dealers and Security Tokens: An Inside Look at the Industry - https://info.polymath.network/webinar-broker-dealers-security-tokens?utm_campaign=Q4%202020%20%7C%20WBL%20%7C%20Service-Providers&utm_medium=email&_hsmi=99379668&_hsenc=p2ANqtz-_B0fNNxMieibLN9Zezuj3mMRLT948Sn85jsUST0yYkLIUCLUigBc8Jp7vJhqCeDOq1wjqjQAnAxg5f9KMg4LtrKR7egQ&utm_content=99379668&utm_source=hs_email
The Gentleman of Crypto is a daily live broadcast that explores Bitcoin and cryptocurrency market. We discuss international topics, news updates, and future innovations in blockchain, digital currencies and assets, fintech, and more. The Gentlemen of Crypto EP - 415 #bitcoin #cryptocurrency #altcoins #cryptonews Support "The Gentlemen of Crypto" by using our referral link to download the Brave Browser. https://brave.com/krb666 We are Ambassadors for Cryptic Coin and will be giving away free coins to everyone who downloads the wallet!! Post your address and you will receive free coins!! https://crypticcoin.io/ Learn how to become a Crypto expert here: https://krbecrypto.com/join/ Subscribe to our YouTube channel here: https://www.youtube.com/krbecrypto Follow us on Twitch here: https://www.twitch.tv/krbecrypto ********************************** Connect with us online at the following places: KRBE Digital Assets Group • Website: https://krbecrypto.com/ • Newsletter: https://krbecrypto.com/join/ • Services: https://krbecrypto.com/services/ • KRBE Steemit: https://steemit.com/@krbecrypto • TGoC Podcast: http://pca.st/hdVR SOCIAL • KRBE Twitter: https://twitter.com/krbecrypto • KRBE Facebook: https://www.facebook.com/krbecrypto/ • KRBE Instagram: https://www.instagram.com/krbecrypto/ • King Twitter: https://twitter.com/KingBlessDotCom • Bitcoin Zay Twitter: https://twitter.com/bitcoinzay Business Inquiries: krbe@krbecrypto.com Support the stream: https://1upcoin.com/donate/youtube/krbecrypto (Bitcoin, Litecoin, Ethereum, Bcash) Donations welcome, but not necessary! Thanks for watching and remember to subscribe for daily videos where we give away free Bitcoin! ***Not a whole Bitcoin, a few dollars USD worth*** ------------------------------------------------------------------------------------------------------------ **This is not financial advice. The expressed opinions in the video are of the speakers. You can lose all your money in the cryptocurrency market, so be sure to do your own research before investing.**
Bancor envisions a world of millions of “community currencies”, and they've built a protocol to provide liquidity to all. Bancor's Director of Communications and Growth, Nate Hindman, joins us for a conversation on what differentiates Bancor from other decentralized exchanges, and the future of utility tokens. Guest Links: https://twitter.com/Bancor https://twitter.com/NateHindman https://www.bancor.network/ Show Links: CRYPTO101podcast.com Patreon: www.patreon.com/user?u=8429526 Twitter: twitter.com/Crypto101Pod twitter.com/BrycePaul101 twitter.com/PizzaMind www.instagram.com/crypto_101 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Fog by DIZARO https://soundcloud.com/dizarofr Creative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZARO Music promoted by Audio Library https://youtu.be/lAfbjt_rmE8 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2019 Boardwalk Flock, LLC All Rights ReservedAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
User-Generated Currencies & How They Could Change Your Life If you studied blockchain full-time until 2025, you may earn this kind of understanding. Eyal Hertzog from Bancor has been in Bitcoin 7 years How user-generated content led to user-generated currency. The evolution of decentralized protocols from Napster to blockchain. Eyal and his team released a non-blockchain user-generated currency in 2013 as an experiment. They discovered it's pointless to create currencies without liquidity. Liquidity is the internet of values. The ability to move liquidity from one network to another. The Bancor protocol enables liquidity for any asset big or small with smart contracts and automated market makers. How do user-generated economies improve national economies? How can every network of people who share data and collaborate work on a decentralized network? There would be no intermediary to drain the network effect of the internet. Only the end user. Why coin maximalism could be short-sited. How Pareto's law applies to creative processes. How this reality plays into a capitalist system and leads to the concentration of wealth. It drys out the economy because less money circulates. A thought experiment on how money operates in the economy like blood in a body. A single world currency could be a very dangerous plan. Alternatives are a necessity. The ability to succeed from a currency community will be liberating. Now anyone can publish videos. Imagine if anyone could create a currency. We're in the middle of an amazing discovery process. Everything around us has been created by the invention of money. Corruption and monopolies take away the freedom to choose, but money itself is a powerful tool. Efficient markets would allow people to choose their own currency. That would be the ultimate free market. How will governments ultimately react to the influx of blockchain? What is the end game? How trust makes the world more efficient. How is Bancor tied to EOS. What is the future of the EOS experiment? What are the possibilities? How the Liquid EOS Block Producer is adding to the EOS ecosystem, plus much more. https://www.bancor.network/discover https://liquideos.com/ Cheers my crypto friends. www.happymoneyman.com --- Support this podcast: https://anchor.fm/the-eos-podcast/support
S03E02: Death and Taxes Featuring Hosts: Matt Carano, Tom Hudson, and Nick Boyle Engineered by: Matt Carano Produced by: Tom Hudson, Matt Carano, and Nick Boyle Featuring Hosts: Matt Carano, Tom Hudson, and Nick Boyle Engineered by: Matt Carano Produced by: Tom Hudson, Matt Carano, and Nick Boyle News Bearcat http://www.unionleader.com/safety/After-breaking-down-numerous-times-Nashua-to-purchase-new-Bearcat-for-301k-04062018 Sales Tax In Us http://www.unionleader.com/article/20180408/OPINION01/180409412/0/FRONTPAGE http://www.unionleader.com/Internet-sales-tax-in-U.S.-faces-a-Judgment-Day Death Penalty http://www.wmur.com/article/nh-house-committee-takes-up-death-penalty-repeal-bill/19681064 Medicaid http://nhpr.org/post/medicaid-expansion-clears-first-big-hurdle-nh-house#stream/0 Backpage.com seized by feds http://nh1.com/news/national-video/indictment-accuses-backpage-founders-of-aiding-prostitution-2 http://econlog.econlib.org/archives/2018/01/craigslist_redu.html Manchester homeless camps in the crosshairs http://www.unionleader.com/social-issues/manchester-camps-in-the-crosshairs-1-homeless-enclave-bulldozed-2-others-eyed-20180408 Events Freecoast Liberty Outreach Meetup 12th Exeter, 19th Hampton Matt's Crypto Talk Special Segment - Autocrat Of The Week Matt - Steve Marchand https://en.wikipedia.org/wiki/Steve_Marchand NH History Bretton Woods Conference 730 delegates from all 44 allied countries July 1st-22nd 1944 Hosted at the Mount Washington Hotel in Bretton Woods NH Main Objective: Establish a new international monetary order Lessons Learned from the past At the end of WWI the allies imposed large reparation payments. These payments were supposed to cover the debt accumulated by Allied forces during the war and help them pay to rebuild their countries.Result: Germany printed money to make the reparation payments causing hyperinflation. (e.g. 1 loaf of bread in 1918 ¼ of a Reichsmark, 1 loaf of bread in November 1923 80 billion Reichsmarks Most countries response to the Great Depression was trade restrictions(tariffs, quotas, etc) to improve account deficits and stop reserve loss. Retaliation against trade restrictions only pushed the level of restrictions to international trade higher and further suppressed output and employment in many countries. New realizations Even though the conference participants were dedicated to capitalism, John Maynard Keynes' economic ideas were flourishing(unfortunately). Keynes prescribed during recessions an increase in government spending, to prevent aggregate spending from falling. Reflecting the Keynesian ideas, the welfare state emerged out of the Great Depression. The two major personalities there were Keynes, representing Britain; and Harry Dexter White, representing the U.S. The British plan Keynes proposed an International Clearing Union (ICU) as a way to addressing current account imbalances. He wanted to avoid the reappearance of persistent and large current account deficits that happened during the interwar years (1918–1939), which increased countries' debt and debt payments and decreased growth at the global scale. Keynes thought of the International Clearing Union as a bank with its own currency (called Bancor), exchangeable with other currencies at a fixed rate. He proposed using Bancor to measure countries' trade deficits or surpluses. Countries with current account deficits would have an overdraft facility in their Bancor account with the ICU. He worked out specific numbers regarding the size of the overdraft facility. His proposal implied a maximum overdraft of half of the country's average trade size over five years. If a country needed funds higher than the overdraft, it would be charged interest, thus motivating the country to devalue its currency. Keynes's plan implied an interest charge of 10 percent if a country's current account surplus was more than half the size of its permitted overdraft; this solution would motivate these countries to lend more. At the end of the year, if the country had a current account surplus that was half the overdraft, the ICU would confiscate the surplus. The American Plan The U.S. agreed on the necessity of an agency to manage current account imbalances, but Keynes's idea of the ICU was too interventionist for the American side. Additionally, the U.S. saw itself as a surplus country in terms of its current account in the years to come and didn't want such interventionist ideas to be practiced on the U.S. White proposed the International Stabilization Fund (which later became the International Monetary Fund, or the IMF), which placed the burden of balancing current accounts on deficit countries and imposed no limits on surplus countries. White's Plan included a new multilateral development agency that would plan and finance economic reconstruction in all war-torn countries, allied or aggressor. The International Bank for Reconstruction and Development (IBRD, part of today's World Bank) emerged from the American ideas about reconstruction. Result Created the International Monetary Fund & World Bank IMF monitors exchange rates and lend reserve currencies to nations. World Bank provided financial assistance to reconstruction for countries post-WWII IMF pegged all currencies to the US dollar. The US dollar was pegged to gold. This ended in 1971 when Nixon got off the gold standard. Now all currencies “float” http://www.dummies.com/education/finance/international-finance/the-impact-of-the-bretton-woods-conference-in-1944/
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