Why JPMorgan and Shopify Are Rolling Out New Products on Ethereum Layer 2 Base - Ep. 855

This talk is from a panel I led on infrastructure in the crypto space at the Time Summit, by Bridge Alternatives, featuring Kayvon Pirestani of director of institutional sales at GDAX, Tim McCourt, CME Group’s managing director and global head of equity products and alternative investments, Michael Moro, CEO of Genesis Trading and Genesis Capital, and Hu Liang, founder and CEO of Omniex. We discussed what infrastructure tools need to be built to get institutional players comfortable with the space, how custodying a digital asset differs from custodying a traditional asset, why they can see institutional players dealing in stablecoins and trading on decentralized exchanges at some point in the future, and what needs to be built out in terms of trading infrastructure for institutional players. (Hint: it turns out Excel and Google Sheets are the biggest competitors for crypto trading infrastructure services.) We also talk about the challenges of building out infrastructure for trading that can suddenly double or quadruple in volume and for a market that runs 24/7/365. Thank you to Bridge Alternatives and the Time Summit for the panel! https://www.bridgealternatives.com/ https://timesummit.org/ Kayvon Pirestani: https://timesummit.org/2018/03/19/kayvon-pirestani/ Michael Moro: https://timesummit.org/2018/04/21/michael-moro/ Tim McCourt: https://timesummit.org/2018/03/15/tim-mccourt/ Hu Liang: https://timesummit.org/2018/03/23/hu-liang/ The episode with Mike Belshe where we discuss custodying digital assets and qualified custodians: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future Thank you to our sponsors! Quantstamp: https://quantstamp.com/ Ethereal Summit: https://etherealsummit.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

5 Maj 201857min

Kyle Samani and Tushar Jain, cofounders of Multicoin Capital, dive deeply into their sometimes controversial and unpopular opinions on how the crypto revolution will play out. They describe why they don't think the technology that a team develops early on will play nearly as big a role as some think, why there will be a spectrum of blockchains offering different features with different tradeoffs, and why they're bearish on stablecoins. They discuss why they disagree on whether or not the Lightning Network is revolutionary (and therefore why they disagree on whether Bitcoin is failing). Samani and Jain also explain how they decide whether or not to invest in a token, their strategies for trading and why they don't have to be invested in a project to help out. Multicoin: https://multicoin.capital/ Kyle Samani: @KyleSamani Tushar Jain: @TusharJain_ A blog post that came out after we recorded in which Kyle expands on his contention that technical features will matter less in the long-term success of a network than people think: https://multicoin.capital/2018/04/25/good-artists-copy-great-artists-steal/ Kyle's post on the outlook for coins for store of value, utility tokens and stablecoins: https://multicoin.capital/2018/03/15/paths-to-tens-of-trillions/ More Multicoin thinking around stablecoins: https://multicoin.capital/2018/01/17/an-overview-of-stablecoins/ Previous Unchained episode: Why It's So Hard to Keep Stablecoins Stable: http://unchainedpodcast.co/why-its-so-hard-to-keep-stablecoins-stable Thank you to our sponsors: Bitwise: https://www.bitwiseinvestments.com/unchained Keepkey: https://www.keepkey.com/ Preciate: https://preciate.org/recognize Learn more about your ad choices. Visit megaphone.fm/adchoices

1 Maj 20181h 1min

Paul Walsh had long ago predicted that internet scams would migrate from email to private messaging platforms, but it wasn't until crypto mania took off that his thesis was proved right -- in a big way. In the summer of 2017, the founder and CEO of MetaCert discovered many crypto Slack channels were being overrun by scammers capitalizing on FOMO to get people to inadvertently give them their ether and other tokens. Now, the company has several products to help prevent crypto enthusiasts from being scammed and it also decentralizing its work so the whole world can help classify bad links and proven others from being scammed. In this talk, he describes how the scams work, how Metacert tries to keep people from falling victim, and how best you can protect your own crypto. MetaCert the company: https://metacert.com MetaCert the protocol: http://metacertprotocol.com/  Story on phone hijackings: https://www.forbes.com/sites/laurashin/2016/12/20/hackers-have-stolen-millions-of-dollars-in-bitcoin-using-only-phone-numbers/#7125f2f738ba Link to episode where Mike Belshe and I discuss physical crimes against crypto people: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future Thank you to our sponsors! Bitwise: https://www.bitwiseinvestments.com/unchained Keepkey: https://www.keepkey.com Preciate: https://preciate.org, which is taking suggestions for new people to appreciate at https://preciate.org/recognize Learn more about your ad choices. Visit megaphone.fm/adchoices

24 Apr 20181h 5min

In this live recording of a panel discussion at the CoinAlts Fund Symposium, Marco Santori, president and chief legal officer of Blockchain, managing director at Grayscale Investments, and Barbara Minuzzi, cofounder and managing partner of Ausum Ventures take stock of the 2017 year and discuss a range of trends they're seeing in the industry. Santori describes what the ICO wave was like from his seat as one of the most in-demand lawyers for ICOs, and why he doesn't actually think that securities (such as a SAFT) can later transform into something that is a non-security. He also talks about how big corporations are thinking about use blockchain technology -- and why we haven't yet seen much activity on that front in the market. We talk about the current clouds over the industry -- custody and regulation -- and Sonnenshein explains why investors choose Grayscale's investment products, such as the Bitcoin Investment Trust, rather that investing in the coin directly, and  Blockchain.info: https://blockchain.info Grayscale Investments: https://grayscale.co Ausum Ventures: https://www.ausum.vc Thank you to the CoinAlts Fund Symposium for hosting the panel: https://www.coinaltsfundsymposium.com For more on regulatory issues, check out these past episodes: Perianne Boring and Amy Kim of the Chamber of Digital Commerce on crypto regulation: http://unchainedpodcast.co/the-chamber-of-digital-commerces-perianne-boring-and-amy-kim-on-why-us-crypto-regulation-is-complicated-and-confusing The Tax Rules That Have Crypto Investors Aghast: http://unchainedpodcast.co/the-tax-rules-that-have-crypto-users-aghast How Crypto and Blockchain Technology Should Be Regulated: http://unchainedpodcast.co/how-crypto-and-blockchain-technology-should-be-regulated Jerry Brito and Peter Van Valkenburgh of Coin Center: http://unchainedpodcast.co/how-coin-center-is-helping-define-the-big-fuzzy-gray-area-of-blockchain-and-cryptocurrency-law Caitlin Long on How 'Utility Tokens' Are Now Legal in Wyoming: http://unconfirmed.libsyn.com/caitlin-long-on-how-utility-tokens-are-now-legal-in-wyoming Former DOJ Prosecutor Kathryn Haun on What the SEC Subpoenas and FinCen Letter Likely Mean: http://unconfirmed.libsyn.com/sxsw-episode-former-doj-prosecutor-kathryn-haun-on-what-the-sec-subpoenas-and-fincen-letter-likely-mean For more on custody issues, check out the episode with Mike Belshe of BitGo and its acquisition of Kingdom Trust: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future Thank you to our sponsors! Ethereal Summit: https://etherealsummit.com Quantstamp: https://www.quantstamp.com StartEngine: https://www.startengine.com/unchained Learn more about your ad choices. Visit megaphone.fm/adchoices

22 Apr 20181h 1min

If U.S. crypto regulation seems incredibly convoluted, this is the episode for you. Perianne Boring, the founder and president of the Chamber of Digital Commerce, and its global policy director and general counsel Amy Kim, discuss why U.S. regulation calls crypto assets currency, property, commodities and securities, and how that results in agencies enforcing their own laws without a higher level understanding of the technology. They also discuss what they call the "failure" of the regulatory regime that requires certain types of crypto companies to get licenses from 53 different states and territories and why no firms have so far even gotten close. They also advocate for the technology to be taxed more like currency than property, claiming that the current classification stifles usage of cryptocurrencies as currencies. We also dive into juicy questions like whether ether, which was sold in what we would now call an initial coin offering, is a security and what self-regulation of the crypto space could look like. Chamber of Digital Commerce: https://digitalchamber.org/ Token Alliance: https://digitalchamber.org/initiatives/token-alliance/ Previous episodes on Unchained and Unconfirmed that touched on regulation: Live from SXSW: Michael Casey and Paul Vigna, Co-Authors of The Truth Machine, on Why the SEC Has Issued Subpoenas to ICOs http://unchainedpodcast.co/live-from-sxsw-michael-casey-and-paul-vigna-co-authors-of-the-truth-machine-on-why-the-sec-has-issued-subpoenas-to-icos Caitlin Long on How 'Utility Tokens' Are Now Legal In Wyoming http://unconfirmed.libsyn.com/caitlin-long-on-how-utility-tokens-are-now-legal-in-wyoming SXSW Episode: Former DOJ Prosecutor Kathryn Haun on What the SEC Subpoenas and FinCen Letter Likely Mean http://unconfirmed.libsyn.com/sxsw-episode-former-doj-prosecutor-kathryn-haun-on-what-the-sec-subpoenas-and-fincen-letter-likely-mean The Tax Rules That Have Crypto Users Aghast http://unchainedpodcast.co/the-tax-rules-that-have-crypto-users-aghast How Crypto And Blockchain Technology Should Be Regulated http://unchainedpodcast.co/how-crypto-and-blockchain-technology-should-be-regulated Is The IRS Justified In Demanding Information On Millions Of Bitcoin Users? http://unchainedpodcast.co/is-the-irs-justified-in-demanding-information-on-millions-of-bitcoin-users Federal Prosecutor Kathryn Haun On How Criminals Use Bitcoin -- And How She Catches Them: http://unchainedpodcast.co/federal-prosecutor-kathryn-haun-on-how-criminals-use-bitcoin-and-how-she-catches-them How Coin Center Is Helping Define The 'Big Fuzzy Gray Area' Of Blockchain And Cryptocurrency Law http://unchainedpodcast.co/how-coin-center-is-helping-define-the-big-fuzzy-gray-area-of-blockchain-and-cryptocurrency-law Thank you to our sponsors! Bitwise: https://www.bitwiseinvestments.com/unchained Keepkey: https://www.keepkey.com/  Preciate: https://preciate.org/, make a suggestion for who to recognize in a future episode at https://preciate.org/recognize/      Learn more about your ad choices. Visit megaphone.fm/adchoices

17 Apr 20181h

Through Inforum at the Commonwealth Club, I recently moderated a sold-out discussion on the basics of blockchain technology and cryptocurrency. My guest was Kathryn Haun, a former federal prosecutor who is now teaching a class on cryptocurrency at the Stanford Graduate School of Business and serves on the boards of Coinbase and Hacker One. We go through all the elementary questions most newbies have: what is bitcoin, what is a blockchain, what is Ethereum, what is mining, etc., and give real examples of how this technology could be used. I think it's a perfect primer for people new to crypto -- whether you're listening for tips on how to explain these concepts to your friends and family, or you're a newbie yourself and want a dead-simple explainer. This is the first in a series of talks with Inforum on blockchain and crypto, so stay tuned for future events. Kathryn Haun: https://www.gsb.stanford.edu/faculty-research/faculty/kathryn-haun Inforum at the Commonwealth Club: http://inforumsf.org/ http://inforumsf.org/upcoming-events/2018/4/12/blockchain-and-cryptocurrency-the-basics Thank you to our sponsors! Quantstamp: https://quantstamp.com/ Ethereal Summit: https://etherealsummit.com/ enter the code Unchained10 for 10% off And StartEngine: https://www.startengine.com/unchained for a 20% discount Learn more about your ad choices. Visit megaphone.fm/adchoices

15 Apr 20181h 12min

Valery Vavilov and George Kikvadze of Bitcoin mining and blockchain software company Bitfury discuss why the firm has partnered with the publicly traded Hut 8, how it plans to branch out into mining other crypto assets, and how it chooses where to open mining operations. They also explain how low the bitcoin price can go before mining will be unprofitable for them, what their new blockchain analytics tools Crystal can do, and why they often choose people outside the blockchain/crypto industry to attend the Blockchain Summit they co-host on Richard Branson's Necker Island. Vavilov also tells the story of a childhood experience that has influenced Bitfury's decision to work so much with governments and regulators, and he and Kikvadze describe the company's new blockchain analytics tool, Crystal, plus its hand in launching other blockchain-and-government-focused organizations such as the Blockchain Alliance and the Blockchain Trust Accelerator. Bitfury: http://bitfury.com/ Bitfury's origin story as told by Bill Tai: http://unchainedpodcast.co/maitai-globals-bill-tai-on-why-blockchain-is-the-6th-wave-of-technology  Hut 8: https://www.hut8mining.com/ Exonum: https://exonum.com/ Necker Blockchain Summit: http://www.neckerblockchainsummit.com/ Blockchain Alliance: http://blockchainalliance.org/ Blockchain Alliance on Unchained:  http://unchainedpodcast.co/how-the-blockchain-alliance-helps-law-enforcement-with-bitcoin-crime-and-developments-like-the-dao Crystal: https://crystalblockchain.com/ Blockchain Trust Accelerator: https://trustaccelerator.org/ Pilot with Coca-Cola and State Department: https://www.reuters.com/article/us-blockchain-coca-cola-labor/coca-cola-u-s-state-dept-to-use-blockchain-to-combat-forced-labor-idUSKCN1GS2PY Emercoin: https://emercoin.com/en Thank you to our sponsors! Bitwise: https://www.bitwiseinvestments.com/unchained Preciate, at https://preciate.org/. To recognize someone for a future ad spot, go to https://preciate.org/recognize/ Keepkey: https://www.keepkey.com/   Learn more about your ad choices. Visit megaphone.fm/adchoices

10 Apr 20181h 3min

In an intermittent series on cryptoeconomics, Olaf Carlson-Wee and Ryan Zurrer of crypto hedge fund Polychain Capital describe what cryptoeconomics is, what goals it typically helps networks accomplish and what behaviors token systems might someday incentivize. We discuss when cryptoeconomic models don't make sense, how the type of consensus algorithms a blockchain chooses can affect behavior in that system and which consensus mechanisms excite them now. We also dive into whether or not it's desirable for a cryptoeconomic system to depend on a small number of knowledgeable participants, how to manage on-chain governance so networks don't vote themselves into a "black hole," and what disciplines are helpful in designing smart cryptoeconomic systems. Polychain Capital http://polychain.capital/ Thank you to our sponsors: Preciate: Recognize someone with a shout out: https://preciate.org/recognize/ Bitwise Asset Management: https://www.bitwiseinvestments.com/unchained Keepkey: https://www.keepkey.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

3 Apr 20181h 5min