#29 - Cole Kennelly

Cole Kennelly is a Decentralized Finance/Cryptocurrency writer, executive, consultant, and entrepreneur. Currently, he is the founder of Volmex.Finance, a protocol for volatility indices and non-custodial trading built on the Ethereum blockchain. Additionally, Cole is also the founder/coordinator of DeFi-NYC as well as an executive with Staked. Follow Cole on Twitter for his insights on Bitcoin, Ethereum, and everything DeFi: https://twitter.com/ColeGotTweets 6:59 - Bitcoin; 2017-2018 Crypto Crash; Michael Saylor, MicroStrategy, & Institutional BTC Bullishness 13:54 - Bitcoin background & story, past attempts at cryptocurrency 18:41 - Blockchain explained with examples; NFT’s 23:12 - How governments print money & devalue currency; Bitcoin’s supply 29:47 - Covid Stimulus & The Dollar; Why BTC is a movement; Virtual Wallets (Private Keys & Centralized Exchanges) 42:17 - “Bitcoin Billionaires” by Ben Mezrich; the Winklevoss twins; Bitcoin awareness; What is Ethereum? 56:32 - Sablier protocol explained; Vitalik Buterin & DeFi discussion 1:07:08 - Ethereum (ETH) adoption and use cases discussion; EIP 1559; Tribalism in the online crypto communities 1:19:13 - Collateral on the Ethereum blockchain; Dai explanation; relating traditional mortgages & loans to the Ethereum protocol 1:35:56 - Groupthink in banks and legacy financial system; Uniswap 1:45:16 - Many people have no idea what they’re buying; Centralized Exchanges pricing explanation 1:50:11 - Bitcoin Scarcity & Network Effects; Comparing Bitcoin & Ethereum 1:54:39 - Comparing user understanding of social media & user understanding of crypto/blockchain 2:13:19 - Ripple & why XRP is problematic; XRP’s attempt to integrate with legacy institutions 2:27:33 - Predicting where BTC & ETH adoption will end up 2:34:14 - Initial Coin Offerings (ICO’s); Why many ICO’s have been terrible 2:39:26 - “The Fourth Turning” (Howe & Strauss)--and a Theory on why Bitcoin is the “New” New Deal ~ YouTube EPISODES & CLIPS: https://www.youtube.com/channel/UC0A-v_DL-h76F75xik8h03Q ~ Show Notes: https://www.trendifier.com/