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8 episodes with preston byrne
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2 episodes with preston byrne
2 episodes with preston byrne
2 episodes with preston byrne
2 episodes with preston byrne
2 episodes with preston byrne
The SEC's latest enforcement action is targeting NFTs, and OpenSea is in the crosshairs. In this episode, crypto lawyer Preston Byrne joins to unpack the implications of the SEC's Wells Notice to OpenSea and what it might mean for the platform and the broader NFT market. Could Section 230 of the Communications Decency Act provide a unique defense for OpenSea? Preston also dives into other recent SEC moves, including cases against Stoner Cats, Impact Theory, and more. Lastly, with the 2024 elections looming and political divides sharpening, is the SEC overreaching in its approach to crypto? Show highlights: Why Preston believes that the SEC will go after OpenSea for being an unregistered securities exchange What the Stoner Cats case was about and why it was not a strong enforcement action, according to Preston Why OpenSea's defense against the SEC may hinge on Section 230 protections for user-generated content, setting it apart from traditional exchanges like Coinbase or Binance How the clear-cut promises made by Impact Theory about potential returns made their NFTs resemble securities, unlike the typical art-focused NFTs on OpenSea Why Nate Chastain's NFT insider trading case is unlikely to impact the SEC's potential lawsuit against OpenSea Whether the $4 million settlement by Dapper Labs over NBA Top Shot NFTs likely represents little relevance to OpenSea's SEC issues What a Wells notice signals about the SEC's likelihood of suing OpenSea and why they might feel confident about winning this case How Jonathan Mann and Brian Frye's lawsuit for clarity on NFTs as securities highlights the SEC's potentially overreaching stance in its possible case against OpenSea How Trump's careful language around his NFT collection likely minimizes SEC risk by avoiding investment promises and focusing on their use as digital collectibles Whether the SEC's actions could reinforce the divide among crypto voters, with Trump promising a crypto-friendly stance and Harris likely continuing a more adversarial approach Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! iTrustCapital Polkadot Token 2049 Mantle's FBTC Gemini Guest Preston Byrne, Managing Partner at Byrne & Storm Links Wells notice Original announcement by X by OpenSea's CEO Devin Finzer Unchained: OpenSea's Wells Notice From the SEC Could Prove ‘Disastrous' Recent cases Unchained: Are NFTs Securities Offerings? Two Artists Sue the SEC to Find Out The Defiant: NFTs Are Securities? All Eyes Turn to Top Shot Case Reuters: US regulator fines Stoner Cats creator for offering NFTs Ex-OpenSea manager sentenced to 3 months in prison for NFT insider trading Hester Peirce's dissent on the Stoner Cats case Others Paper: The Economic Reality of NFT Securities. Mondaq: Defining NFTs: Property, Securities, Or Commodities? National Post: Trump's newest NFTs show him as superhero, boxer and motorcyclist Timestamps: 00:00 - Introduction 02:11 - SEC targets OpenSea: Unregistered exchange? 03:58 - Stoner Cats case: Weak for SEC? 07:42 - OpenSea's defense: Section 230 protections 13:15 - Impact Theory's promises vs. OpenSea's NFTs 15:34 - Nate Chastain's case 17:15 - Dapper Labs settlement: Relevance to OpenSea 18:56 - Wells notice: SEC's confidence to sue 19:48 - Mann & Frye's lawsuit: SEC overreach? 22:39 - Trump's NFT strategy: Minimizing SEC risk 24:53 - What this Wells notice says about the presidential election 58:25 - News Recap Learn more about your ad choices. Visit megaphone.fm/adchoices
NFT marketplace OpenSea received a Wells notice from the SEC. Crypto lawyer Preston Byrne explains whether Gensler's agency has a chance to win a potential case.The SEC's latest enforcement action is targeting NFTs, and OpenSea is in the crosshairs. In this episode, crypto lawyer Preston Byrne joins to unpack the implications of the SEC's Wells notice to OpenSea and what it might mean for the platform and the broader NFT market. Could Section 230 of the Communications Decency Act provide a unique defense for OpenSea? Preston also dives into other recent SEC moves, including cases against Stoner Cats, Impact Theory, and more. Lastly, with the 2024 elections looming and political divides sharpening, is the SEC overreaching in its approach to crypto?Show highlights:Why Preston believes that the SEC will go after OpenSea for being an unregistered securities exchangeWhat the Stoner Cats case was about and why it was not a strong enforcement action, according to PrestonWhy OpenSea's defense against the SEC may hinge on Section 230 protections for user-generated content, setting it apart from traditional exchanges like Coinbase or BinanceHow the clear-cut promises made by Impact Theory about potential returns made their NFTs resemble securities, unlike the typical art-focused NFTs on OpenSeaWhy Nate Chastain's NFT insider trading case is unlikely to impact the SEC's potential lawsuit against OpenSeaWhether the $4 million settlement by Dapper Labs over NBA Top Shot NFTs likely represents little relevance to OpenSea's SEC issuesWhat a Wells notice signals about the SEC's likelihood of suing OpenSea and why they might feel confident about winning this caseHow Jonathan Mann and Brian Frye's lawsuit for clarity on NFTs as securities highlights the SEC's potentially overreaching stance in its possible case against OpenSeaHow Trump's careful language around his NFT collection likely minimizes SEC risk by avoiding investment promises and focusing on their use as digital collectiblesWhether the SEC's actions could reinforce the divide among crypto voters, with Trump promising a crypto-friendly stance and Harris likely continuing a more adversarial approachVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.comThank you to our sponsors!iTrustCapitalPolkadotToken 2049Mantle's FBTCGeminiGuestPreston Byrne, Managing Partner at Byrne & StormUnchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The SEC's latest enforcement action is targeting NFTs, and OpenSea is in the crosshairs. In this episode, crypto lawyer Preston Byrne joins to unpack the implications of the SEC's Wells Notice to OpenSea and what it might mean for the platform and the broader NFT market. Could Section 230 of the Communications Decency Act provide a unique defense for OpenSea? Preston also dives into other recent SEC moves, including cases against Stoner Cats, Impact Theory, and more. Lastly, with the 2024 elections looming and political divides sharpening, is the SEC overreaching in its approach to crypto? Show highlights: Why Preston believes that the SEC will go after OpenSea for being an unregistered securities exchange What the Stoner Cats case was about and why it was not a strong enforcement action, according to Preston Why OpenSea's defense against the SEC may hinge on Section 230 protections for user-generated content, setting it apart from traditional exchanges like Coinbase or Binance How the clear-cut promises made by Impact Theory about potential returns made their NFTs resemble securities, unlike the typical art-focused NFTs on OpenSea Why Nate Chastain's NFT insider trading case is unlikely to impact the SEC's potential lawsuit against OpenSea Whether the $4 million settlement by Dapper Labs over NBA Top Shot NFTs likely represents little relevance to OpenSea's SEC issues What a Wells notice signals about the SEC's likelihood of suing OpenSea and why they might feel confident about winning this case How Jonathan Mann and Brian Frye's lawsuit for clarity on NFTs as securities highlights the SEC's potentially overreaching stance in its possible case against OpenSea How Trump's careful language around his NFT collection likely minimizes SEC risk by avoiding investment promises and focusing on their use as digital collectibles Whether the SEC's actions could reinforce the divide among crypto voters, with Trump promising a crypto-friendly stance and Harris likely continuing a more adversarial approach Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! iTrustCapital Polkadot Token 2049 Mantle's FBTC Gemini Guest Preston Byrne, Managing Partner at Byrne & Storm Links Wells notice Original announcement by X by OpenSea's CEO Devin Finzer Unchained: OpenSea's Wells Notice From the SEC Could Prove ‘Disastrous' Recent cases Unchained: Are NFTs Securities Offerings? Two Artists Sue the SEC to Find Out The Defiant: NFTs Are Securities? All Eyes Turn to Top Shot Case Reuters: US regulator fines Stoner Cats creator for offering NFTs Ex-OpenSea manager sentenced to 3 months in prison for NFT insider trading Hester Peirce's dissent on the Stoner Cats case Others Paper: The Economic Reality of NFT Securities. Mondaq: Defining NFTs: Property, Securities, Or Commodities? National Post: Trump's newest NFTs show him as superhero, boxer and motorcyclist Timestamps: 00:00 - Introduction 02:11 - SEC targets OpenSea: Unregistered exchange? 03:58 - Stoner Cats case: Weak for SEC? 07:42 - OpenSea's defense: Section 230 protections 13:15 - Impact Theory's promises vs. OpenSea's NFTs 15:34 - Nate Chastain's case 17:15 - Dapper Labs settlement: Relevance to OpenSea 18:56 - Wells notice: SEC's confidence to sue 19:48 - Mann & Frye's lawsuit: SEC overreach? 22:39 - Trump's NFT strategy: Minimizing SEC risk 24:53 - What this Wells notice says about the presidential election 58:25 - News Recap Learn more about your ad choices. Visit megaphone.fm/adchoices
Alex Thorn (Galaxy) talks with crypto and social media lawyer Preston Byrne (Byrne & Storm) about the Telegram CEO charges, free speech in America, and much more. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets. This episode was recorded on Wednesday, Aug 28, 2024. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
Preston Byrne, Partner at Brown Rudnick LLP, discusses the benefit of using public private keys as a solution to authenticate communication, and avoid both AI scams and fraud. He also shares his predictions for how AI and cryptocurrency will work together in the future, leaning on each other's polar-opposite strengths. Key Takeaways: The role that crypto and AI could play in the upcoming US elections Challenges with achieving harmony in global regulations for cryptocurrency and blockchain technology Why everyone should be trading their public private keys Guest Bio: Preston Bryne, is a lawyer with the law firm of Brown Rudnick LLP where he advises cutting-edge technology startups in the crypto, AI, and consumer Internet sectors. ---------------------------------------------------------------------------------------- About this Show: The Brave Technologist is here to shed light on the opportunities and challenges of emerging tech. To make it digestible, less scary, and more approachable for all! Join us as we embark on a mission to demystify artificial intelligence, challenge the status quo, and empower everyday people to embrace the digital revolution. Whether you're a tech enthusiast, a curious mind, or an industry professional, this podcast invites you to join the conversation and explore the future of AI together. The Brave Technologist Podcast is hosted by Luke Mulks, VP Business Operations at Brave Software—makers of the privacy-respecting Brave browser and Search engine, and now powering AI everywhere with the Brave Search API. Music by: Ari Dvorin Produced by: Sam Laliberte
Earlier this week, Ethereum co-founder Vitalik Buterin and four co-authors published a paper describing a smart contract protocol called privacy pools that would enable crypto users to associate their funds with those being used for legitimate purposes versus those being used in criminal activity such as hacks or money laundering. The protocol addresses one of the main shortcomings of coin mixer Tornado Cash, which has been sanctioned by the U.S. government. Chainalysis chief scientist Jacob Illum, one of those co-authors, discusses the impetus for the paper, the technology behind privacy pools and how they would work in practice, who would provide some of the necessary organization to operate the pools, and some of the early criticisms of the paper. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: what the current state of crypto privacy is and what the motivation was to write this paper what privacy pools are and how they work how zero-knowledge proofs are the key technology behind privacy pools what the role of association set providers is in making this new technology work what would happen in different potential scenarios, such as a "bad address" being discovered after a transaction has been made how the protocol would protect the privacy and identity of the users how law enforcement, credit score agencies and other organizations could have "special viewing privileges" of transactions, according to Jacob how the community has been reacting to the recently published paper Jacob's response to criticisms the paper has received from industry players why Chainalysis participated in the paper given that many people see them as 'anti-privacy' Thank you to our sponsors! Crypto.com Arbitrum Foundation Thales DAO Toku Guest Jacob Illum, chief scientist at Chainalysis Links Unchained: Tornado Cash Cofounder Arrested, Another Sanctioned by U.S. Government CoinDesk: Crypto-Mixing Service Tornado Cash Blacklisted by US Treasury Blockchain Privacy and Regulatory Compliance: Towards a Practical Equilibrium Matt Corallo's tweet Crypto lawyer Preston Byrne's tweet Previous coverage of Unchained on Tornado Cash: The Chopping Block: 'Code Is Law' Is 'Obviously Not How Anything Works Ever' The Chopping Block: Why DeFi May Be Over-Complying With Tornado Cash Sanctions Preston Van Loon on Ethereum's Merge and His Lawsuit Against TreasuryGiven the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant? The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash? Tornado Cash Sanctioned. Did the Government Overstep Its Bounds? Learn more about your ad choices. Visit megaphone.fm/adchoices
Earlier this week, Ethereum co-founder Vitalik Buterin and four co-authors published a paper describing a smart contract protocol called privacy pools that would enable crypto users to associate their funds with those being used for legitimate purposes versus those being used in criminal activity such as hacks or money laundering. The protocol addresses one of the main shortcomings of coin mixer Tornado Cash, which has been sanctioned by the U.S. government. Chainalysis chief scientist Jacob Illum, one of those co-authors, discusses the impetus for the paper, the technology behind privacy pools and how they would work in practice, who would provide some of the necessary organization to operate the pools, and some of the early criticisms of the paper.Show highlights |What the current state of crypto privacy is and what the motivation was to write this paper?What privacy pools are and how they work.How zero-knowledge proofs are the key technology behind privacy pools. What the role of association set providers is in making this new technology work?What would happen in different potential scenarios, such as a "bad address" being discovered after a transaction has been made?How the protocol would protect the privacy and identity of the users.How law enforcement, credit score agencies, and other organizations could have "special viewing privileges" of transactions, according to Jacob.How the community has been reacting to the recently published paper.Jacob's response to criticisms the paper has received from industry players.Why Chainalysis participated in the paper given that many people see them as 'anti-privacy'.Thank you to our sponsors!Crypto.com | Arbitrum Foundation | Thales DAO | TokuGuest | Jacob Illum, chief scientist at ChainalysisLinks | Unchained: Tornado Cash Cofounder Arrested, Another Sanctioned by U.S. GovernmentCoinDesk: Crypto-Mixing Service Tornado Cash Blacklisted by US Treasury Blockchain Privacy and Regulatory Compliance: Towards a Practical EquilibriumMatt Corallo's tweetCrypto lawyer Preston Byrne's tweetPrevious coverage of Unchained on Tornado Cash:The Chopping Block: 'Code Is Law' Is 'Obviously Not How Anything Works Ever'The Chopping Block: Why DeFi May Be Over-Complying With Tornado Cash SanctionsPreston Van Loon on Ethereum's Merge and His Lawsuit Against TreasuryGiven the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Earlier this week, Ethereum co-founder Vitalik Buterin and four co-authors published a paper describing a smart contract protocol called privacy pools that would enable crypto users to associate their funds with those being used for legitimate purposes versus those being used in criminal activity such as hacks or money laundering. The protocol addresses one of the main shortcomings of coin mixer Tornado Cash, which has been sanctioned by the U.S. government. Chainalysis chief scientist Jacob Illum, one of those co-authors, discusses the impetus for the paper, the technology behind privacy pools and how they would work in practice, who would provide some of the necessary organization to operate the pools, and some of the early criticisms of the paper. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: what the current state of crypto privacy is and what the motivation was to write this paper what privacy pools are and how they work how zero-knowledge proofs are the key technology behind privacy pools what the role of association set providers is in making this new technology work what would happen in different potential scenarios, such as a "bad address" being discovered after a transaction has been made how the protocol would protect the privacy and identity of the users how law enforcement, credit score agencies and other organizations could have "special viewing privileges" of transactions, according to Jacob how the community has been reacting to the recently published paper Jacob's response to criticisms the paper has received from industry players why Chainalysis participated in the paper given that many people see them as 'anti-privacy' Thank you to our sponsors! Crypto.com Arbitrum Foundation Thales DAO Toku Guest Jacob Illum, chief scientist at Chainalysis Links Unchained: Tornado Cash Cofounder Arrested, Another Sanctioned by U.S. Government CoinDesk: Crypto-Mixing Service Tornado Cash Blacklisted by US Treasury Blockchain Privacy and Regulatory Compliance: Towards a Practical Equilibrium Matt Corallo's tweet Crypto lawyer Preston Byrne's tweet Previous coverage of Unchained on Tornado Cash: The Chopping Block: 'Code Is Law' Is 'Obviously Not How Anything Works Ever' The Chopping Block: Why DeFi May Be Over-Complying With Tornado Cash Sanctions Preston Van Loon on Ethereum's Merge and His Lawsuit Against TreasuryGiven the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant? The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash? Tornado Cash Sanctioned. Did the Government Overstep Its Bounds? Learn more about your ad choices. Visit megaphone.fm/adchoices
Full show notes with links and charts: https://bitcoinandmarkets.com/e354 Telegram https://t.me/bitcoinandmarkets Twitter https://twitter.com/AnselLindner FREE weekly newsletter https://tinyurl.com/2chhbnff In this episode, I listen to an interview on CNBC with Gary Gensler and comment throughout. Enjoy. Links Gensler video Preston Byrne article --- Got value from the show? Support directly! Strike: https://strike.me/ansellindner Cash App: https://cash.app/$AnselLindner --- Disclaimer: The content for Bitcoin & Markets shall not be construed as tax, legal or financial advice. Do you own research. https://bitcoinandmarkets.com/disclaimer/ #bitcoin #macro #geopolitics
Crypto needs a fresh start: new exchanges that can avoid the ever-present threat of SEC enforcement by being structured correctly in the first place, writes Preston Byrne.Featured Story: An opinion piece by Preston J. Byrne, titled: “How to Build a Compliant Crypto Exchange Post-Coinbase”This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Crypto needs a fresh start: new exchanges that can avoid the ever-present threat of SEC enforcement by being structured correctly in the first place, writes Preston Byrne.Featured Story: An opinion piece by Preston J. Byrne, titled: “How to Build a Compliant Crypto Exchange Post-Coinbase”This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this episode, lawyers Hailey Lennon and Preston Byrne discuss the current state of crypto regulation in the US and explain why being “crypto literate” will benefit lawyers. Hailey and Preston practice with Brown Rudnick's Digital Commerce group. Hailey counsels fintech and crypto companies on regulatory requirements and Preston advises technology companies on corporate and commercial law issues. Both Hailey and Preston have deep crypto experience from both private practice and also as in-house counsel for crypto and blockchain companies. This episode touches on the SEC's enforcement actions against crypto players and the importance of decentralized tools. They also discuss the potential loss of talent and innovation in the US due to lack of guidance and the importance (and difficulty) of educating others about the industry. The duo also explain why it is important for lawyers in many practice areas to be “crypto literate” and possess a working knowledge of blockchain concepts. They point out that crypto is not a legal discipline, but is a market sector needing the same type of legal work other businesses do.
Join Marty as he sits down with Preston Byrne to discuss the Tornado Cash sanctions taking place, whether a precedent was just set for developers and what freedom of speech is in the digital age. Follow Preston on Twitter Learn more about Preston Shoutout to our sponsors: Unchained Capital Braiins HodlHodl Upstream Data CrowdHealth TFTC Merch is Available: Shop Now Join the TFTC Movement: Main YT Channel Clips YT Channel Website Twitter Instagram Follow Marty Bent: Twitter Newsletter Podcast
The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin
FRIENDS AND ENEMIES Thanks for coming back for another episode of The Canadian Bitcoiners Podcast. Powered by Shakepay! Receive $30 CAD on your first deposit of $100 CAD. Shakepay is the service we use to buy Bitcoin, and there isn't an easier way to orange pill your pals! And Ledn.io! We use Ledn as a way to earn Bitcoin interest on our BTC, and they offer a host of other services as well - check them out! Earn 10 USDC when you deposit and hold a minimum of 75 USDC or 150K satoshis! MANY ways to grow your stack! This week we sat with Preston Byrne, Bitcoiner and partner at Anderson Kill P.C. In 2018, Preston wrote a brief post on his belief that Bitcoin fell outside of property law as currently constructed, and only last week, the UK Law Commission published a 500+ page paper agreeing with the sentiment. Preston discusses this new property idea, the relationship between "people and stuff", and what's next for Bitcoin legislation. We had a blast with Preston, and we think you'll very much enjoy the interview, not to mention all the great insight he provides. Take care! --- Send in a voice message: https://anchor.fm/canadian-bitcoiners/message
This episode reviews the IP ownership rights associated with Board Ape #8398, after actor and producer Seth Green (who licensed it for his series, White Horse Tavern) was scammed in a phishing attack. The stolen NFT was then sold to "DarkWing84" for $200,000. This episode is largely based on an enlightening thread by James Grimmelmann (@grimmelm), who dove deep into the issue, with additional notes from prominent crypto lawyers Drew Hinkes (@propelforward), Jake Chervinsky (@jchervinsky), Preston Byrne (@prestonjbyrne), and others. We also cover the recent decision in Jarkesy v. SEC, in which the Fifth Circuit essentially stated that the SEC must go through Federal courts in fraud cases. The implications may be greater than that, and this will be an important case impacting the future of the SEC. Other updates include a decision from Hermès International, et al. v Mason Rothschild, an update from LUNA, LexDAO's latest guidance on metaverse lawyering, and more. Much credit for this episode goes to the incredible sources, including James Grimmelmann (@grimmelm), the CryptoLaw Newsletter (@cryptolaw_news), and a newsletter by two bright law students, Around the Blockchain - which covers everything happening within the crypto law space, every single week. You can find their newsletter on Substack, Around the Blockchain. Disclaimer: Jacob Robinson and his guests are not your lawyer. Nothing herein or mentioned on the Law of Code podcast should be construed as legal advice. The material published is intended for informational, educational, and entertainment purposes only. Please seek the advice of counsel, and do not apply any of the generalized material to your individual facts or circumstances without speaking to an attorney.
On today's show, Preston Byrne, a CoinDesk columnist and partner in Anderson Kill's Technology, takes a look at what it would really take to decentralize social media.Read the full story here.This episode is sponsored by Kava and BCB Group.This episode was edited & produced by Adrian Blust with original music by Adrian Blust & Colin Mealey-Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world's biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi's most trusted, scalable and secure earning platform with kava.io.-BCB Group is the leading business banking partner for the digital assets industry. We provide the rails to move money and a gateway for crypto to FX markets at scale. Our mission is to connect and bank the global crypto industry. Find out more by visiting bcbgroup.com/coindesk.-Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, TX. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code MarketsDaily15 to get 15% off your pass at www.coindesk.com/consensus2022.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Preston Byrne (@prestonjbyrne) is a partner at Anderson Kill, where his practice is focused on early-stage high-tech companies, particularly regarding corporate transactions, IP, and other cross-border legal issues. He was previously a co-founder of Monax, the first permissioned blockchain, in 2014. In this episode, Preston gives a history of his involvement in blockchain, looks at the evolution of DAOs, and gives his perspective on running a crypto practice. He also explains landing his first client on the day he was called to the bar. Listen and subscribe to Law of Code for weekly updates and interviews in the world of blockchain at the intersection of the law. Show highlights: [02:10] Preston's introduction to Bitcoin [13:17] The mutation doctrine: Bitcoin and Ethereum. [19:43] Important things to keep in mind when building a crypto-law practice [24:07] Current DAO trends [34:57] NFTs, crypto, and the broader market [39:51] Best practices for interacting with crypto clients [44:32] Why return to the USA after law school in England? [50:58] Why Preston joined Anderson Kill [52:45] “The Back of the Envelope” [56:07] Exposure to cities as a category of risk [1:00:47] Remote-first lawyers [1:01:49] How has Preston's reading shaped his views? [1:08:52] What advice shaped Preston's career? [1:11:29] What habits should lawyers establish early on? Resources: Applied Cryptography: Protocols, Algorithms and Source Code in C Sane Society by Erich Fromm Preston's site: https://prestonbyrne.com/
Preston Byrne, CoinDesk columnist and partner in Anderson Kill's Technology, Media and Distributed Systems Group takes a look at the challenges of regulation in a world of growing decentralization.Read the full story here. This episode is sponsored by Kava, Nexo.io and Market Intel by Chainalysis.This episode was edited & produced by Adrian Blust with music production by Doc Blust & Colin Mealey-Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world's biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi's most trusted, scalable and secure earning platform with kava.io.-Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.-Market Intel by Chainalysis—the Blockchain Data Platform—arms your team with the most complete on-chain dataset to make informed crypto investments, deliver original research, and identify and confidently fund emerging players in the market. See Chainalysis Market Intel in action now.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Attorney Preston Byrne joins the show to talk about the potential fallout from legislative attempts to hyper regulate the Cryptocurrency economy in the United States. As always, if you enjoy this content, make sure to like and subscribe, and share it with your friends! Patreon: https://www.patreon.com/ODonnell4Liberty Merch: https://www.snekswag.com Tips and Links: https://cointr.ee/justinodonnell --- Send in a voice message: https://podcasters.spotify.com/pod/show/justin-odonnell0/message Support this podcast: https://podcasters.spotify.com/pod/show/justin-odonnell0/support
On this week's episode of the Unhashed Podcast we talk about the latest in NFT weirdness with celebrity "Stoner Cats", how video game grinding is the original PoW, Blockfi's regulatory setback, ThorChains incompetency, the new EU proposal on crypto regulations, and more!In a hard hitting piece from Coindesk, a new animated web series, 'œStoner Cats,' launches Monday, featuring Mila Kunis, Ashton Kutcher, Ethereum founder Vitalik Buterin, Jane Fonda, and others. To watch the first five-minute episode, viewers must purchase a non-fungible token (NFT) for 0.35 ETH each, which is both a digital artwork of a character from the show, as well as a ticket to unlock all 'œStoner Cats' episodes as they are made. Actress and entrepreneur Mila Kunis, along with Sound Ventures Partner Maaria Bajwa were interviewed to 'œshare insights' into their project.Last week, Ukrainian authorities busted a massive illegal Sony PlayStation 4 farm for what they believed was a crypto mining operation. As it turns out, the warehouse was actually grinding for FIFA Ultimate Team coins and cards. According to the Ukrainian business journal Delo, which undertook an investigation itself following skepticism from initial findings by the authorities, the 3,800 PS4s discovered weren't actually being used to mine cryptocurrency, which makes sense given how their hardware and graphics cards aren't ideal. It also pointed out that in many photos you can see game discs actually sticking out of the consoles. The Security Service of Ukraine has refused to comment on Delo'˜s findings, explaining that the ongoing investigation must be kept a secret. For those unfamiliar, the Ultimate Team game mode within FIFA allows gamers to build their own custom teams with various player cards. To get better players, you'll have to play and win more matches, giving you in-game currency to buy packs. Alternatively, you can also pay with real currency to buy coins to unlock these packs. On the flip side, the in-game currency earned or cards you obtain can be sold back in black markets for actual money. To give you a sense of just how big this market is, official FIFA Ultimate Team transactions brought in $1.6 billion USD for EA in just the past year. '" https://hypebeast.com/2021/7/ukraine-playstation-4-farm-fifa-ultimate-team-account-grindingBig woes this week for Blockfi. It started with the state of New Jersey, Blockfi's home turf, sending in a cease and desist, causing Blockfi to stop offering its Bitcoin Interest Account (BIA for short) to new customers from the state. Within the next several days, Alabama, Texas and Vermont followed suit. At issue is whether or not the BIA is to be deemed a security. In a piece for Coinbase, Preston Byrne lays out the security laws at issue. TLDR, you bank can pay you interest on your dollars and that is not a security because of the tiny risk (due to FDIC insurance), but with BlockFi and other platforms, according to Byrne's interpretation and the suits by the states, you are actually trading your bitcoin for BIA promises, and these promises are securities. '" https://www.coindesk.com/blockfi-securities-law-defiLast week, the Thorchain protocol was drained of around 4,000 ether. A couple of days ago Thorchain was hit by another exploit, this time costing around $8 million. The hacker claims they deliberately minimized the damage from the exploit in a bid to teach THORChain a lesson, stating: 'œDo not rush code that controls 9 figures,' and 'œDisable until audits are complete.' The hacker adds that they could have stolen Ether, Bitcoin, Binance Coin, Lycancoin, and many BEP-20 tokens if they had wanted to, asserting that 'œmultiple critical issues' were found and that a 10% bug bounty could have prevented the incident. '" https://cointelegraph.com/news/possible-white-hat-hacker-exploits-thorchain-for-8m-proposes-10-bountyProposed changes to EU law would force companies that transfer Bitcoin or other crypto-assets to collect details on the recipient and sender. The proposals could take two years to become law. The Commission argued that crypto-asset transfers should be subject to the same anti-money-laundering rules as wire transfers. "Given that virtual assets transfers are subject to similar money-laundering and terrorist-financing risks as wire funds transfers... it therefore appears logical to use the same legislative instrument to address these common issues," the Commission wrote. While some crypto-asset service providers are already covered by anti-money-laundering rules, the new proposals would "extend these rules to the entire crypto-sector, obliging all service providers to conduct due diligence on their customers," the Commission explained. Under the proposals, a company transferring crypto-assets for a customer would be obliged to include their name, address, date of birth and account number, and the name of the recipient. David Gerard, author of Attack of the 50 Foot Blockchain, told the BBC: "This is just applying existing rules to crypto. This has been coming since 2019." He said that although these were European proposals their impact would reach much further. "If you want to make real money, you have to follow the rules of real money," he said. '" https://www.bbc.com/news/technology-5790111
Lawyer Preston Byrne joins Bennett Tomlin and Cas Piancey for a wide-ranging discussion that goes from his own crypto journey (of skeptic to believer) to regulatory and legal risks for stablecoin operators. Visit his Twitter to see more from Preston https://twitter.com/prestonjbyrne
Today, we have a special podcast episode, which is all about Bitcoin, discussing topics like: should every investor have some exposure to Bitcoin or is it still too volatile? What’s its intrinsic value anyway? And is Bitcoin a sustainable investment when it consumes more electricity than Argentina? We hosted four excellent guests: Izabella Kaminska, FT Alphaville editor at the Financial Times; Preston Byrne, partner at Anderson Kill; Nic Carter, partner at Castle Island Ventures; and Seamus Donoghue, VP Strategic Alliances at METACO.
Attorney Preston Byrne joins Ben Schiller to consider the continuing fallout from the WallStreetBets controversy.This episode is sponsored by Nexo.io.Preston Byrne is a partner in Anderson Kill's Technology, Media and Distributed Systems Group, and a CoinDesk columnist. He joins CoinDesk Features Editor Ben Schiller to discuss his recent op-ed about GameStop, Robinhood and the rise of online mobs. See the article here:‘The Squeezening’: How the GameStop Backlash Will Curtail FreedomSchiller spoke to Byrne about:The rise of online mobs from GameStop to Capitol Hill and how the internet is impacting real life in an increasingly tangible wayWhat policymakers can do to prevent mobs doing damage to decent companiesWhy it’s likely the WallStreetBets Reddit contained some pump-and-dumpersHow the regulatory reaction to the WallStreetBets could impact cryptocurrencies How the backlash from “elites” impacted by GameStop could harm free speechWhy Preston Byrne supports marmots (which are like squirrels or groundhogs) -Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.
Preston Byrne is a partner in Anderson Kill's Technology, Media and Distributed Systems Group, and a CoinDesk columnist. He joins CoinDesk Features Editor Ben Schiller to discuss his recent op-ed about GameStop, Robinhood and the rise of online mobs. See the article here:‘The Squeezening': How the GameStop Backlash Will Curtail FreedomSchiller spoke to Byrne about:The rise of online mobs from GameStop to Capitol Hill and how the internet is impacting real life in an increasingly tangible wayWhat policymakers can do to prevent mobs doing damage to decent companiesWhy it's likely the WallStreetBets Reddit contained some pump-and-dumpersHow the regulatory reaction to the WallStreetBets could impact cryptocurrencies How the backlash from “elites” impacted by GameStop could harm free speechWhy Preston Byrne supports marmots (which are like squirrels or groundhogs) See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Preston Byrne is a partner in Anderson Kill's Technology, Media and Distributed Systems Group, and a CoinDesk columnist. He joins CoinDesk Features Editor Ben Schiller to discuss his recent op-ed about GameStop, Robinhood and the rise of online mobs. See the article here:‘The Squeezening’: How the GameStop Backlash Will Curtail FreedomSchiller spoke to Byrne about:The rise of online mobs from GameStop to Capitol Hill and how the internet is impacting real life in an increasingly tangible wayWhat policymakers can do to prevent mobs doing damage to decent companiesWhy it’s likely the WallStreetBets Reddit contained some pump-and-dumpersHow the regulatory reaction to the WallStreetBets could impact cryptocurrencies How the backlash from “elites” impacted by GameStop could harm free speechWhy Preston Byrne supports marmots (which are like squirrels or groundhogs)
With digital-market traders taking GameStop’s stock gyrations as a moment for self-reflection, CoinDesk’s Market Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories:What does GameStop mean for cryptocurrencies?Digital-market traders found amusement in the GameStop saga. They also saw an opportunity for self-reflection. Here's what Niall Ferguson, Caitlin Long, Mati Greenspan and Jonathan Mohan said. “Gotta admit it’s really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino. Anyways, Tax the Rich,” U.S. Representative Alexandria Ocasio-Cortez writes. (Twitter)Guggenheim CIO Minerd, who has predicted a bitcoin price of $400K, tells Bloomberg TV the base of institutional buyers is “just not there” to push bitcoin’s price above $35,000 (CoinDesk) Blockstream buys $25M of bitcoin mining machines from MicroBT (CoinDesk) Crypto’s young believers stoke craze for penny stocks in companies with exposure to bitcoin (Bloomberg) Riding on the coattails of crypto’s bull run, DeFi token UNI from Uniswap breaks $15 on Coinbase exchange, has nearly doubled in past seven days (CoinDesk)GameStop backlash could lead to curbs on “memetic disturbances,” or even “the squeezening,” Preston Byrne writes in op-ed (CoinDesk Opinion) Market chaos fueled by bands of retail traders reportedly leads to counter-measures from Wall Street firms TD Ameritrade and Wells Fargo, as a spokeswoman for U.S. President Joe Biden says the new administration is “monitoring” the GameStop situation (CoinDesk)U.S. Securities and Exchange Commission “actively monitoring the ongoing market volatility in the options and equities markets” (SEC) “What seems to be unfolding here is a crypto-esque farce combining volatile trading and chatroom-driven tips reminiscent of cryptocurrencies like bitcoin and penny stocks, all in a market juiced by pandemic stimulus,” Lionel Laurent writes in column (Bloomberg Opinion) Goldman Sachs strategist joins chorus saying “buy the dip” in stocks (Bloomberg) Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.
Guests:Jorge Stolfi (@jorgestolfi)Lyn Alden (@LynAldenContact)Host:Richard Yan (@gentso09)Today's motion is “Bitcoin is a scam.”At the time of recording and release, Bitcoin reached its all time highs. And it just seems that every few weeks, a traditional financial institution or a well-known investor is announcing their interest in the orange coin.Simultaneously, some skeptics continue to insist that this is all a mirage.There seems no better time to visit this fundamental topic on the boundary of our entire industry.Today's debaters include a computer science academic and a macro investor. I am especially appreciative for the former to appear on this show and be willing to engage. Outside perspectives can be very sobering at times.If you're into crypto and like to hear two sides of the story, be sure to also check out our previous episodes. We've featured some of the best known thinkers in the crypto space.If you would like to debate or want to nominate someone, please DM me at @blockdebate on Twitter.Please note that nothing in our podcast should be construed as financial advice.Source of select items discussed in the debate (and supplemental material):Paper claiming unbacked Tether drove BTC price:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066Papers dispelling the above notion:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3175876https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3508006Tracker of institutional interest in Bitcoin: https://bitcointreasuries.org/Preston Byrne on why BTC is not a literal ponzi but is its own category of scam: https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/Lifting BTC 21m cap via soft fork: "extension record" trick ala SegWit: https://np.reddit.com/r/bitcoin_uncensored/comments/43w24e/raising_the_21_million_btc_limit_with_a_soft_fork/Debater bios:Jorge Stolfi is a computer science professor at the State University of Campinas in Brazil. His specialty includes computer vision, image processing, function approximation methods, graph theory, computational geometry and other fields. He is a vocal opponent of Bitcoin. In 2016, he submitted a letter to the SEC outlining what he perceives as similarities between Bitcoin and fraudulent penny stocks or ponzi schemes. Jorge received his Ph.D. in computer science from Stanford in 1988.Lyn Alden runs an investment research service for both retail and institutional investors at LynAlden.com. Her focus is on fundamental investing with a global macro overlay, with a specialization in currency differentials and equity valuations. She also manages financial operation of an aviation simulation research facility.
In this episode of the Keiser Report, Max and Stacy look at the ‘smug industrial complex’ hating the electorate so much that they once again failed to understand the very population over whom they claim to rule. In the second half, Max chats to Preston Byrne of Anderson Kill Law about the proposed new travel rule and Section 230 in relation to ‘censoring’ of tweets by the president.
Today on the Brief: Market reaction to Pres.Trump contracting COVID-19 Subpar September jobs report Decentralized exchanges have third straight 100%+ growth month Our main discussion features Stephen Palley and Preston Byrne of Anderson Kill. Yesterday, BitMEX was targeted with both civil and criminal complaints, with the CTO being arrested for violation of the Bank Secrecy Act. In this conversation, NLW talks to two crypto legal experts to discuss: The specifics of the charges How long this investigation has been in the works Whether there was anything surprising to legal experts Why the criminal complaints represent an escalation of enforcement Whether there are implications for other industry areas, particularly decentralized finance Find our guests online: Stephen Palley: @stephendpalley Preston Byrne: @prestonjbyrne Anderson Kill: andersonkill.com
Crypto legal experts join NLW to discuss the U.S. government’s case against BitMEX and its implications for the broader ecosystem. This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co.Today on the Brief:Market reaction to Pres.Trump contracting COVID-19Subpar September jobs reportDecentralized exchanges have third straight 100%+ growth month Our main discussion explores the ramifications of the recent BitMEX charges.Yesterday, BitMEX was targeted with both civil and criminal complaints, with the CTO being arrested for violation of the Bank Secrecy Act. In this conversation, NLW talks to crypto legal experts Stephen Palley and Preston Byrne to discuss:The specifics of the chargesHow long this investigation has been in the works Whether there was anything surprising to legal expertsWhy the criminal complaints represent an escalation of enforcement Whether there are implications for other industry areas, particularly decentralized finance Find our guests online:Stephen Palley: @stephendpalleyPreston Byrne: @prestonjbyrneAnderson Kill: andersonkill.com
Preston Byrne talks about how disruption hits education and service careers, the future of decentralised finance, and why you should avoid VC funding. See the episode notes and transcript: https://www.talkswithpetri.com/marmot-advocate/. Guest bio Preston has had a few careers - a lawyer in England, a founder of a blockchain software startup, then a lawyer in America, and throughout, a marmot habitat conservation proponent on Twitter. Presently he's a partner in the New York office of Anderson Kill, where he advises early-stage companies and venture funds, particularly businesses involved in crypto, on corporate and technology law. -------------- All episode notes and transcripts: http://www.talkswithpetri.com/ Subscribe and listen: Apple iTunes (Podcasts), Google Podcasts, Spotify. Follow on Twitter. Talks with Petri -podcast helps startup founders and entrepreneurs to build their business by inspiring and sharing knowledge from other founders, thought leaders and people who are building the future. The show explores personal stories and experiences with lessons learned. The international guests are building the future in culture, arts, business, economics, technology or they are having big ideas. The real talk conversations go deep but the tone is entertaining. The purpose is always to learn more and share the know-how with others. If you like the podcast please leave a short review on Apple Podcasts (iTunes) or get me a coffee. You can also send me feedback and suggestions.
Join Marty as he sits down with Preston Byrne, Partner at Anderson Kill, to discuss: - Why the law is slow - Freedom of speech - Coordinated rioting - How scalable are societies? - Speech on social media platforms - Deplatforming - Bitcoin as free speech - Mining pools as an attack vector - much more Follow Preston on Twitter Shoutout to this week's sponsors. Cash App. Start #stackingsats today. Use the promo code: "stackingsats" to receive $10 and contribute $10 to OWLS Lacrosse when you download the app.
CoinDesk reporter Leigh Cuen is joined by attorney Preston Byrne, a partner at the Washington, D.C. office of Anderson Kill, to talk about fraud and constitutional rights. This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.“There is really very little difference, at least in the point of origin...whether something is a scam,” Byrne said, regarding inaccurate blogs and representations of software projects. “Take Ethereum, for example. Ethereum had all manner of promises that were made...the statements coming from the Ethereum Foundation were somewhat more measured.” Regardless of whether any particular project is an attempt at fraud, it’s likely that online money schemes of every variety will become more common during this coronavirus crisis. According to Thomas Papageorge, head of the Consumer Protection Unit at the San Diego District Attorney’s office, there’s a “clear pattern” of more white-collar crimes since the recession began. “The rate of incidents, the amount of fraud, does increase dramatically during an emergency situation like this,” Papageorge said. “I’ve heard about new types of scams that involve cryptocurrency … investment scams and bogus advice about protecting your savings or bitcoin.”Bitcoin evangelist Andreas Antonopoulos tweeted that fraudsters were impersonating him to offer unemployed people fake jobs, identity thieves looking for personal information. Likewise, CoinDesk impersonators are also targeting people across the sector. According to Carnegie Mellon University economics professor Sevin Yeltekin, the financial stressors people are experiencing today make them “more vulnerable to those scams.” However, there is a silver lining, she said, because businesses that survive the current recession will do so because they reimagined how they operate, including “risk management.”Even tech-savvy people like Lisa Gus, startup investment lead at the Government Blockchain Association and co-founder of the startup WishKnish, can be vulnerable to fraudsters in such stressful times. Gus said she spent several weeks being led on by a scammer impersonating a Binance employee, before her startup’s security solution MetaCert identified a phishing domain behind the fraudster’s email account, support@communitybinance.org. “About LinkedIn, I’m not the only one being inundated with fake [investment] offers...the amount of propositions I’ve been getting (is up),” Gus said. “Especially for larger companies, it’s impossible to track profiles that are associated with them.”With regards to this instance, a LinkedIn spokesperson recommended members “take precautions” in these trying times and “report any messages or postings they believe are scams to us so we can investigate."Larger companies often charge early stage blockchain projects for working together, whether it’s cited as marketing costs or listing fees. In Gus’s case, the fraudster had due diligence paperwork and non-disclosure contracts, which made the scammer’s request for a bitcoin deposit less suspicious. As for retail users, ShapeShift CEO Erik Voorhees has “definitely seen more phishing attempts” since early March. Likewise, a Binance spokesperson said so far in 2020 the company saw an average of 180 scam reports per month, which dwarf the unreported instances. So the exchange offers a public verification tool to check whether websites, phone numbers, emails, Telegram and WeChat handles are actually affiliated with Binance. That’s why the blockchain explorer Etherscan launched the “EthProtect” program in April, to tag wallet addresses reportedly used for fraud. Etherscan CEO Matthew Tan said the company uses internal “circuit breakers” to minimize false positives and aims to provide users with “actionable data” to make “informed choices” about who they transact with. As for the attorney Byrne, he said in some cases cryptocurrency projects may run afoul of consumer protection issues, even if they are not considered unregistered securities or frauds. “There’s a range of representations of things, what you can say about things, that aren’t necessarily true but aren’t fraudulent,” he said. The fact is, cryptocurrency now exists. People will use it unethically, the same way they do with all other forms of money. But there are lawful and constructive ways to use the technology as well. “You can operate a bitcoin business in a regulatory compliant fashion,” Byrne said. “However, it requires a lot of work and advice and design to do that correctly.” Want more? Read my article about how the University of New Hampshire Law School is capitalizing on demand for blockchain expertise in the legal industry.
Preston Byrne is a partner at Anderson Kill, where his practice focuses on early-stage technology companies with complex cross-border legal issues, including industrial cryptography, cryptocurrency and interactive computer services businesses. In this conversation, Anthony and Preston discussLibertarian politics, the US Constitution, various recent government actions and whether they violate the constitution or not, and what citizens need to pay attention to in order to ensure the government doesn't infringe on their civil liberties or personal freedoms. =============================== BlockFi allows you to keep your crypto, put it up as collateral, and receive a USD loan funded directly to your bank account. Visit try.blockfi.com/get-50/?ref=pomp50 to get started with BlockFi today and earn up to $50 in BTC when you create an interest account and make a deposit of $250 or more. =============================== Blockset by BRD is your hosted blockchain infrastructure. Blockset enables enterprises and developers around the globe to deliver high-quality blockchain-based applications in a fraction of the time, at a fraction of the cost. Using the services provided by Blockset, businesses can build professional custody solutions, accurate and near real-time portfolio management solutions, auditing platforms, commercial block explorers, and much more: blockset.com =============================== TaxBit is a refund-maximizing, cryptocurrency tax software you can depend on. Visit taxbit.com/invite/pomp and receive 10% off your tax plan today by signing up for a free trial. ===============================
Financial censorship is a powerful new tool to suppress free speech by threatening, and sometimes ruining, people's financial lives. While governments have varying restraints on censoring speech, private enterprises and outrage mobs do not. When two of these three groups work together to silence dissidents, individuals have few defenses. In this episode we speak with Preston Byrne, an attorney focused on cryptocurrency and tech, who has written and spoken on this trinity of financial censorship.
Location: New YorkDate: Thursday, 25th JulyProject: Byrne & Storm and Compound FinanceRole: Partner & General CounselShortly after Facebook announced the launch of Libra, the U.S government hauled David Marcus, the head of the proposed currency, in front of Congress. For two days, Marcus answered tough questioning from both The House and The Senate on everything from Libra’s intentions to Facebook’s previous issues such as Cambridge Analytica.Quite predictably, the creation of a new global currency was seen as a threat to the Dollar and was met with hostility by large parts of Congress, but was this part of Facebook’s plan? Are they using and audacious initial proposal as a way of shocking Congress before ‘revisiting’ the proposal and easing the regulatory path?Or, is Facebook using cryptocurrency and blockchain under the guise of ‘innovation’ as a shield against harsh regulation, well aware of the government’s fear that China controlled WeChat and Alipay could weaken the position of the Dollar? Why is Facebook launching this project? With Facebook, active users dropping rapidly has the novelty of the social network worn off and is this just a pivot to stay relevant and maintain control? For the next episode in my Libra Deep Dive I talk to Preston Byrne & Jake Chervinsky about the regulatory side of Libra. We discuss whether Libra is a security, if the Foundation is really a non-profit and whether Libra is even a cryptocurrency.-----If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: Bitcoin | Ethereum | Litecoin | Monero | ZCash | RipplecoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
Colin and Sara are back in the studio joined by guests: Anthony Macey, Blockchain/DLT Lead at Barclays, Teana Baker-Taylor, Board Member at GDF and David Nicol, Digital Assets at R3. First up, Greenspan: XRP Not A Security But Community Still Too Aggressive 01:49 Bitmain to appoint new CEO as co-founders Wu & Zhan step aside 10:12 Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price 17:36 Institutional investors are just as prone to FOMO as retail, says Circle Trade exec 23:50 MimbleWimble: History, Technology, and the Mining Industry 30:12 Our Tweet of the Week is from Preston Byrne on shilling. 35:55 We also have a great interview with Jeremy Millar. 38:10 All this and so much more on this week's episode of Blockchain Insider. And why not send us your best tweets? See if you can get a shout out on the show! We hope you enjoy the show and, as ever, don't forget to subscribe! Want to join the conversation on all the topics discussed? Tweet the show @bchaininsider and if you really love the show, please leave us a review on iTunes. This week's episode of Blockchain Insider was produced by Laura Watkins and Petrit Berisha. Edited by Alex Woodhouse. Special Guests: Anthony Macey, David Nicol, Jeremy Millar, and Teana Baker-Taylor.
Coinbase is gearing up to rapidly expand the range of crypto assets it lists.-AND-A new Ethereum scaling solution is out, and will be ready sooner than any other technologies aimed at scaling the second largest blockchain so far.-ALSO-Mining hardware manufacturer Bitmain has officially filed for an IPO, providing new business details in the process.-ADDITIONALLY-Cryptocurrency representatives mingled with at least one Congressman at a D.C. event on Tuesday. But regulatory clarity is still a long ways off.-DON’T MISS-CoinDesk editor Marc Hochstein interviews attorney Preston Byrne on the legal issues around ICOs, ether and XRP and whether stablecoins can really work.Host Bailey Reutzel has the rest.Recorded September 26, 2018 in New York, NY.Thanks to our sponsors!Said Business School, University of OxfordOxford Fintech ProgrammeOxford Blockchain Strategy ProgrammeLate Confirmation is a CoinDesk production made in collaboration with The Podglomerate.For more information, visit CoinDesk.com
We traveled to the Concordia Annual Summit in New York City and spoke to four leading voices in the blockchain world, asking each one: how useful is a blockchain, anyway? Hear answers from investor Jalak Jobanputra, Microsoft's Yorke Rhodes, attorney Preston Byrne, and Hyperledger's Brian Behlendorf in conversation with host Marc Hochstein. Thanks to our sponsors!Said Business School, University of OxfordOxford Fintech ProgrammeOxford Blockchain Strategy ProgrammeLate Confirmation is a CoinDesk production made in collaboration with The Podglomerate.For more, visit CoinDesk.com
On a special episode of Late Confirmation, we visit the Concordia Annual Summit in New York City, where a broad range of thinkers and creators from different fields gather alongside the UN General Assembly. In this episode, we sit down with four notable attendees from the blockchain sphere and ask them each one question: Where is blockchain tech on the hype cycle?The Gartner hype cycle, for those who don’t know, tracks the expectations of a new technology over time. Developing technology can hit the Peak of Inflated Expectations before falling into the Trough of Disillusionment, from which –– if successful –– it will emerge onto the Slope of Enlightenment. As a subjective measuring tool, the hype cycle can be useful thought experiment for thinking about discussions of blockchain technology.Our interviewees in this episode include Hyperledger’s Brian Behlendorf, attorney Preston Byrne, Microsoft’s Blockchain Engineering team Project Manager Yorke Rhodes, and Jalak Jobanputra, founding partner of Future/Perfect Ventures.Thanks to our sponsors!Said Business School, University of OxfordOxford Fintech ProgrammeOxford Blockchain Strategy ProgrammeLate Confirmation is a CoinDesk production made in collaboration with The Podglomerate.For more information, visit www.CoinDesk.com
Hi everyone! I have been talking about P3D, POWH.io, and FOMO3D for about a month or so now to anyone who will listen. I have suffered many eye rolls at what a fool I am to be taken in by this OBVIOUS ponzi… but I persisted. I wasn’t going to let close minded thinking shut me down! I thought it was an exciting project and experiment. Hopefully you guys agree! It was good to hear Kingsley’s perspective, as he is the bringer of P3D to me, as well as one of my first Bitcoin friends. Preston was a great skeptic, and was chosen for his tweet a few weeks ago around when P3D was popping. Petros brought in the dev perspective. Josh was a bit skeptical, but def intrigued. Where did we end up after the convo? I don’t know, but it was a cool exploration! We also had on Sharon from Chicago Blockchain Project. Check out the conference this weekend Aug 24-25! I can’t wait to perform, and I know I have some cool panels with some other neat music/blockchain projects. The vibe in Chicago is awesome, and I love Navy Pier, especially the ferris wheel! Thank you to our main sponsor of the show: http://www.trustetc.com/crypto Please visit their site to find out more about a crypto IRA! Guests: Original answers from TeamJust (unaltered): About the Guests: Kingsley Edwards founded Leet, an online esports bitcoin platform, in 2013 with the vision of integrating cryptocurrencies with popular video games. After Leet was acquired by Unikrn, he acted as a Director for the UnikoinGold token sale that sold over $30M in tokens. Kingsley is now focused on bringing his experience and network from the crypto community to help other organizations achieve success in the blockchain industry with Block 16. Preston Byrne is an independent consultant, lawyer, and fellow of the Adam Smith Institute. He advises law firms, corporate counsel, and the public sector how to engage with emerging technologies, with a particular focus at the moment on cryptocurrency, through his consulting firm Tomram LLC. Preston is also a founder and former COO of Monax Industries, inventors of the first open-source permissioned blockchain client in 2014. This chain has since evolved into the Hyperledger Burrow blockchain client, presently the Hyperledger Project’s only Ethereum Virtual Machine. Petros Ring is a full-stack technology developer with special expertise and deep industry knowledge in blockchain project development. Co-founding his first major venture, Leet, in 2013 he developed a first-of-its-kind skill-based gaming platform that utilized Bitcoin as the underlying micro-transaction layer. After successfully exiting, he worked on a venture to create programmable token valuation methodologies. In addition, he began advising multiple projects on crypto-economics, blockchain technical architectures, and general projects structuring with Block 16, a Las Vegas based blockchain consultancy. Sharon Burn's passion is emerging technology and its implications for organizational effectiveness, specifically in the social good sector. At the Chicago Blockchain Project, she is responsible for the internal operations, community outreach and creating new engagement opportunities for the social sector. Outside of Chicago Blockchain Project, she is the CEO of Critical Blink, a technology consulting firm based in Chicago and CEO & Founder of BlockData4Good.com. BlockData4Good is a platform that enables data philanthropy for individuals and institutions, and both doers and donors in the social sector. Data philanthropy creates a new social asset, knowledge. The knowledge that is created by the community will be powered by blockchain and artificial intelligence technologies. She completed her MFA in nonfiction writing at Columbia College in 2013. She loves the Cubs, running, urban living and her rescue dog Layla. If you like this content, please send a tip with BTC to: 1444meJi7YjgQGNg3U8Z6qYZFA5cgz4Gmj More Info: POWH.io beginner’s guide TatianaMoroz.com CryptoMediaHub.com BlockData4Good.com VoiceofBlockchain.com ChicagoBlockchainProject.com DisruptionJoe.com PrestonByrne.com Block16.io Friends and Sponsors of the Show: www.TheBitcoinCPA.com/ www.CryptoCompare.com/ www.FreeRoss.org www.ThirdKey.Solutions/
Kicking things off on a special live episode, has Bitcoin solved its scaling issues? Lightning Network launches, more than doubling transaction speeds! Colin is keen to explain it all. 'Bitcoin investors are clueless' says Visa's CFO. Are cryptocurrencies just the new casino for unaware buyers to double or triple their cash in a low interest environment? But is all the future crypto potential on the enterprise side? Payment rails should be very afraid! If cryptocurrencies can figure out how to scale up then there's no telling what they could do. Bank of England Governor Mark Carney thinks crypto has no risk to financial stability. At less than 1% of the global GDP at its peak and unable to function as a currency, Bitcoin isn't able to take on the financial system. ICOs split opinions on the panel but one thing's for sure, both public and enterprise want a solid infrastructure. Colin has some strong opinions on the future of cryptocurrencies, could they ever compete with banks or do they need to find a way past focusing on transactions? Binance is keen to decentralise, but without a way of stopping scammers can it be used properly. Does decentralisation remove legitimacy for cryptocurrencies or will it make them stronger than ever? We've got a fantastic interview with Preston Byrne, who also managed to snag tweet of the week, on block-chain versions of central-bank cash. And if you enjoyed our tweet of the week why not send us your best tweets? See if you can make it on to the show! We hope you enjoy the show and, as ever, don't forget to subscribe. Want to join the conversation on all the topics discussed? Tweet the show @bchaininsider and if you really love the show, why not leave us a review on iTunes? Special Guests: Jason Bates, Richard Crook, and Sara Feenan.
Preston Byrne, an independent consultant and English lawyer, and Angela Walch, an associate professor at St. Mary’s University School of Law who focuses on blockchain technology, both explain their criticisms of the crypto space, give grades to regulators on their job so far, and how they think major players in the space can improve. They discuss what systemic risks they believe crypto could pose to the wider financial system, how the current activity in the space is accruing "legal debt," and what it's like being a critic in a land of believers. Preston Byrne: https://prestonbyrne.com/ Angela Walch: https://law.stmarytx.edu/academics/faculty/angela-walch/ Sponsored by Preciate: https://preciate.org/ for https://preciate.org/recognize/ and StartEngine: http://startengine.com/ for https://www.startengine.com/pages/summit
Preston Byrne, an independent consultant and English lawyer, and Angela Walch, an associate professor at St. Mary's University School of Law who focuses on blockchain technology, both explain their criticisms of the crypto space, give grades to regulators on their job so far, and how they think major players in the space can improve. They discuss what systemic risks they believe crypto could pose to the wider financial system, how the current activity in the space is accruing "legal debt," and what it's like being a critic in a land of believers. Preston Byrne: https://prestonbyrne.com/ Angela Walch: https://law.stmarytx.edu/academics/faculty/angela-walch/ Sponsored by Preciate: https://preciate.org/ for https://preciate.org/recognize/ and StartEngine: http://startengine.com/ for https://www.startengine.com/pages/summit
Longtime blockchain advocate Preston Byrne discusses the industry. Talk includes private blockchains, ICOs, utility tokens and regulation in the market.
My guest this week is Preston Byrne. Preston is vocal critic of crazy prices and projects in the world cryptocurrencies. His background is in the legal world and also as a founder and former COO of Monax, which made the first open-source permissioned blockchain client. As Preston says, he is a “blockchain without bitcoin” guy, who believes that this crypto mania will end in some sort of apocalypse for token holders and ICO issuers . We tackle several issues, from his broad skepticism of crypto assets, to the potential regulatory reaction from major governments, to types of coins like stable coins, which Preston views as analogous to perpetual motion machines. Please enjoy our conversation and for any crypto investors out there, let me know if this conversation affects your opinion of the investing prospects for cryptocurrencies. Hash Power is presented by Fidelity Investments For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag Links Referenced Bitcoin white paper The Bear Case for Crypto Hash Power series Zero Hedge Preston tweet on Reverse network effect Show Notes 2:12 - (First Question) –Ponzi scheme vs pyramid scheme vs Nakimoto scheme 5:29 – Why there are regulatory challenges to cryptocurrency 5:33 – The Bear Case for Crypto 9:59 – Who are the most influential people supporting this and how are they swaying the regulatory minefield on this issue 10:28 – Hash Power series 13:23 – Looking into the idea of a digital asset and the difference between blockchain and the token itself 16:09 – What about the idea that cryptocurrency’s only feature is that it’s censorship resistant 18:39 – Why cryptocurrencies become less usable the more successful they are 18:59 – Zero Hedge 21:04 – Why can’t we rely on offchain solutions to solve the scaling issue 22:29 – The idea of bubbles and what happens next in this one 25:41 – What are the incentives to build technology to support cryptocurrencies 29:23 – Explaining Ripple 31:21 – What would precipitate a massive reversal in the inflated valuations of cryptocurrencies 34:52 – Understanding reverse network effects 34:36 – Preston tweet on Reverse network effect 37:45 – The principles behind Stablecoin 42:20 – What has been the greatest lesson that Preston has learned about blockchain he wish he knew when he first got started 44:05 – How embedded will blockchain be by 2024/2025 45:12 – ICO’s, why Preston is not a fan and if there are any positives to them 50:20 – What are the conditions under which these things will be viewed legally. 54:00 – Preston’s history owning cryptocurrencies 55:35 – What has Preston most excited in the space 59:02 – Utility settlement coin 1:00:36 – Why the fascination with marmots 1:02:10 – What to reference before getting started with cryptocurrencies 1:04:03 – Understanding supply chains in block chain 1:07:14 – Some smart people on block chain to follow 1:08:24 – Kindest thing anyone has done for Preston Learn More For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag
I had found that theory was a superpower in helping one get what one wanted, as I had early discovered in school where I had excelled without labor, guided by theory. While many others without mastery of theory, failed, despite monstrous effort. In this episode of Made You Think, we discuss The Psychology of Human Misjudgments. This was a “speech” compiled by Charlie Munger from three other speeches he gave, digging into a toolkit that he uses to make sure he’s not being fooled by his mental biases. He digs into each of the 25 biases that adversely affect your thinking in work and life, and how we might watch out for them in order to make better decisions ourselves. We managed to dig into *almost* all of them during the show. A list of all 25 cognitive biases can be found here. We covered... The 25 cognitive biases that lead to poor decision making. Breaking down each of these biases and applying them. How these biases can positively or negatively affect everyday life. Benefiting from these biases and noticing yourself using them. And more. Please enjoy, and be sure to check out The Psychology of Human Misjudgments! If you enjoyed this episode, be sure to listen to our episode on Antifragile by Nassim Nicholas Taleb, to learn how to profit from chaos, and our episode on How to Think Like Elon Musk, to learn how to emulate Musk’s way of thinking for extreme advantages. Be sure to join our mailing list to find out about what books are coming up, giveaways we're running, special events, and more. Mentioned in the show: Berkshire Hathaway [0:55] Joe Rogan Podcast [4:10] Neil’s article on The Optionality Trap [7:22] Xerox [9:47] Stripe [12:10] Made You Think episode 15 (The Goal) [16:54] Sratechery [27:15] Pro-Neutrality, Anti-Title II article [27:15] Bookinabox [52:01] David and Goliath [56:24] Carnegie Mellon [56:49] Revisionist History [58:25] Wesley college [58:31] Modafinil [1:03:37] Made You Think episode on Cryptocurrency [1:10:03] Preston Byrne’s blog [1:11:40] AVC.com [1:14:52] Books mentioned: The Psychology of Human Misjudgments Amusing Ourselves to Death [0:31] (Nat’s Notes) (episode on the book) Poor Charlie’s Almanack [0:43] Principles [5:16] (Nat’s Notes) (episode on the book) The Goal [17:00] (Nat’s Notes) (episode on the book) Emergency [24:49] (Nat’s Notes) (episode on the book) Influence [50:45] Giftology [52:04] Peak [55:35] (Nat’s Notes) Outliers [59:12] Harry Potter [1:21:16] The Inner Game of Tennis [1:22:19] (Nat’s Notes) (episode on the book) People mentioned: Elon Musk [0:27] (How to Think Like Elon Musk episode) Charlie Munger [0:37] Warren Buffett [0:53] Joe Rogan [4:10] Ray Dalio [5:16] (Principles episode) LeBron James [47:38] Robert Cialdini [50:45] E.O. Wilson [50:56] Zak Slayback [52:03] Malcolm Gladwell [55:38] Anders Ericsson [55:40] Steve Faloon [57:04] Leo Tolstoy [1:00:30] Nassim Nicholas Taleb [1:10:58] (Antifragile episode) Preston Byrne [1:11:40] Taylor Pearson [1:11:42] Adil Majid [1:13:45] Fred Wilson [1:14:46] 0:00 - Introductory quote, a bit of background on this episode, and a bit on the author Charlie Munger. 4:46 - How the speech is basically structured and what the goals of the speech are. 9:19 - The first of the 25 cognitive biases that lead to poor decision making, which is thinking about incentives above everything else. Also, a few examples on business infrastructure flaws and companies in general. “In your company, if you’re incentivizing people to tell you bad news instead of good news, that is so important.” 17:12 - The second of the 25 cognitive biases, the liking and loving tendency. “If they love this person, they will gloss over the bad parts.” (Tangent at 19:10) Some thoughts on the psychological influences in various mass shootings such as tumors and neurological issues, and on mass shootings in general. 25:34 - The third cognitive bias, the disliking and hating tendency. “However we feel about something or someone, we will distort the facts either to make us feel stronger positively or stronger negatively.” Also, some discussion on net-neutrality, various monopolies, and some thoughts on Netflix. 31:19 - Further discussion on the disliking and hating tendency bias, and some thoughts on cognitive foundations that we have which are based on irrational things. 34:57 - Number four, the doubt avoidance tendency. Some examples of this. 37:03 - Number five, the inconsistency avoidance bias. Giving favors to people that may dislike you, to make them lean towards liking you and be consistent. Some other examples of this, as well. Tangent at 41:30 on the cognitive dissonance with cosmetic companies and animal testing. 43:55 - Number six, the curiosity bias and number seven, the conscient fairness tendency (how no fair world exists). Some examples of this. Also, a bit on the fundamental attribution error, in which perceive people to be inherently bad if they do something wrong. 47:10 - Number eight, the envy/jealousy tendency. Where we tend to get envious and jealous whenever other people have good things happen to them. Some examples of this. 50:40 - Number nine, on reciprocation. Where if someone does something either bad or good to us, we want to do the same to them. 52:50 - Number ten, the influence from mere association tendency. When you start seeing things go together, the opinion of one will affect your opinion on the other (such as expensive equals good). Some other examples on this, as well. “Watch out when you assume someone is qualified due to their associations.” 55:30 - Tangent on the 10,000-hour rule and how experience doesn’t equal skill or work proficiency. A bit of discussion on Ericsson’s original research that led to Gladwell’s 10,000-hour rule theory. 59:47 - Number eleven, simple psychological denial. Distorting the facts until they become bearable for our own news. Number twelve, excessive self-regard. Also, a bit on the Tolstoy effect that happens with criminals and the natural tendency to ascribe the best notions to our actions. Drug usage within sports and bodybuilding discussed here, as well. 1:06:17 - Tangent on the rumor of Michael Jordan taking his year off to play baseball, but actually being secretly suspended by the NBA. Also, how some schools will try to get rid of the mentally ill, to avoid having a suicide case on their hands. 1:08:32 - Number thirteen on over-optimism. Being overly optimistic towards things that you want to happen. Number fourteen, the deprival super-reaction tendency. Acting with an irrational intensity to recover anything of value that was lost. Some thoughts on bitcoin here, as well. 1:13:37 - Number fifteen, the social-proof tendency. The tendency to think and act like others who are around you. 1:15:26 - Number sixteen, contrast-misreaction tendency. The tendency to go for something that lies in between extreme contrasting things. “If you have three items and want someone to buy the middle one, if you really overprice one and really underprice the other, people will think the one in the middle is reasonably priced even if it is still overpriced.” 1:17:22 - Seventeen, the stress influence tendency. Stress causing extreme reactions, bad decisions, and dysfunction. Eighteen, availability misweighing tendency. If something is clear in our minds, we tend to overweigh its significance. 1:18:54 - Skipping ahead to number twenty-five, the Lollapalooza tendency, where all of these effects combined come into play. Also, some funny examples of various biases coming into play. 1:23:21 - Wrap-up and some information on the podcast, podcast feedback and reviews, the newsletter, and giveaways. If you enjoyed this episode, don’t forget to subscribe at https://madeyouthinkpodcast.com
Epicenter - Learn about Blockchain, Ethereum, Bitcoin and Distributed Technologies
Eris Industries spawned when three people got together to come up with a solution to Olivier Janssens’ £100K bounty to replace the Bitcoin Foundation with software. Their proposal, initially called Project Douglas and built on top of Ethereum, was designed to replicate the functions of a trade association on a blockchain. Today, Eris has evolved into a Distributed Application Software Stack, with which developers can rapidly deploy distributed applications that are flexible, legally compliant and secure. Interestingly, Eris allows organisations and companies to adopt blockchain technology without being fully decentralised. We’re joined by one of the Founders and COO of Eris Industries, Preston Byrne, who explains how Eris works and talks about some of the practical use cases which may arise. Siân Jones is also here to weigh in on some of the innovative aspects of this exciting open-source project. Episode links: Eris Industries: Deserver White Paper Thelonious White Paper Eris Package Manager White Paper Eris Legal Markdown White Paper Blockchain Your Business in 7 Steps This episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/062
Epicenter - Learn about Blockchain, Ethereum, Bitcoin and Distributed Technologies
This episode is part of our coverage of the Bitcoin 2014 Conference which took place in Amsterdam from May 15 to 17, 2014. These interviews were conducted by Siân Jones and focus on the area of regulation. Topics covered in this episode: Patrick Murck, General council of the Bitcoin Foundation Preston Byrne, Securitisation lawyer at Norton Rose Fulbright in London This episode is hosted by Siân Jones. Show notes and listening options: epicenter.tv/bitcoin2014-08
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