Sam Rines: Making Sense of the Economy - [Making Markets, EP.1]

I'm thrilled to welcome you all to the first episode after the rebranding to Making Markets. This is a wide-ranging discussion on the economy with <a href="https://x.com/SamuelRines?s=20">Samuel Rines</a> - economist, author and managing director of Corbu LLC. We cover where we are in the economic cycle, 'excuseflation', the state of the consumer and the different sectors of the American economy.</p>I hope you enjoy the kick off of "Making Markets" with Sam Rines.</p><br /></p>For the full show notes, transcript, and links to the best content to learn more, check out the episode page<a href="https://joincolossus.com/episodes/95760623/quigley-building-the-worlds-most-traded-cryptocurrency"> </a><a href="https://joincolossus.com/episodes/4623553/rines-making-sense-of-the-economy">here</a>.</p><br /></p><strong>-----</strong></p><br /></p>Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit<a href="https://www.joincolossus.com/episodes"> joincolossus.com/episodes</a>.</p><br /></p>Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up<a href="https://www.joincolossus.com/newsletter"> here</a>.</p><br /></p>Follow us on Twitter:<a href="https://twitter.com/makingmkts"> @makingmkts</a> |<a href="https://twitter.com/ericgoldenx"> @ericgoldenx</a> </p><br /></p><strong>Show Notes</strong></p>(00:02:00) - (First question) - What Sam believes The Fed is likely to do based off the current economic cycle</p>(00:05:00) - The inflationary pressure on The Fed even though tech is replacing the workforce</p>(00:06:40) - His explanation of price over volume</p>(00:09:30) - How temporary price over volume is and its impact on consumer spending </p>(00:13:40) - Current consumer spending money and where it's coming from </p>(00:16:15) - Ignoring the coastal markets and focus on middle America</p>(00:18:30) - What he thinks is slowing consumers</p>(00:20:00) - The revenge of the middle and its meaning for economic stability   </p>(00:21:15) - His view on soft landings in the market and which sectors are affected  </p>(00:23:30) - His take on the travel and leisure sector </p>(00:25:30) - A look at the current residential and commercial real estate markets   </p>(00:30:00) - Red flag market areas he thinks people should be weary of </p>(00:32:00) - Contagion risk caused by potential private sector collapses    </p>(00:34:00) - Whether he thinks The Fed missteps or not </p>(00:36:15) - Global turmoil and its impact on market portfolios  </p>(00:39:30) - How he positions his portfolio building based off of global risk</p>(00:41:00) - Sam's favorite out-of-consensus bet</p> </p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>

00:42:32

A Special Announcement - [Web3 Breakdowns, EP.86]

In place of our usual quarterly market recap, we have a special announcement to make. The scope of this show, Web3 Breakdowns, will expand and rebrand to Making Markets. Eric and Matt discuss what is changing, why, and, importantly, what will stay the same. </p><br /></p>For the full show notes, transcript, and links to the best content to learn more, check out the episode page <a href="https://joincolossus.com/episodes/70584933/golden-a-special-announcement">here</a>. </p><br /></p><strong>-----</strong></p><br /></p>Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit <a href="https://www.joincolossus.com/episodes">joincolossus.com/episodes</a>.</p><br /></p>Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up <a href="https://www.joincolossus.com/newsletter">here</a>.</p><br /></p>Follow us on Twitter: <a href="https://twitter.com/web3breakdowns">@Web3Breakdowns</a> | <a href="https://twitter.com/ericgoldenx">@ericgoldenx</a> | <a href="https://twitter.com/patrick_oshag">@patrick_oshag</a> </p><br /></p><br /></p><strong>Show Notes</strong></p>(00:01:27) - (First question) Rebranding from Web3 Breakdowns to Making Markets</p>(00:06:08) - Why fixed-income investors are obsessed with markets</p>(00:10:28) - The analysis of companies versus applying analysis to asset classes</p>(00:12:42) - What it was like to cover the volatility of the cryptocurrency market</p>(00:20:40) - Why you should have confidence in the cryptocurrency market </p>(00:26:09) - What type of guests will appear on the Making Markets podcast </p> </p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>

00:37:27

William Quigley: Building the World’s Most Traded Cryptocurrency - [Web3 Breakdowns, Replay]

This is Eric Golden. Today we're replaying my conversation with <a href="https://x.com/WilliamEQuigley?s=20">William Quigley</a>. He co-founded one of the earliest consumer VC funds, wrote the first institutional check for PayPal, and helped build the first major stablecoin, Tether. This is a favorite episode of the year, as William combined his lessons from his decades in technology with a strong first-principle understanding of blockchains. I hope you enjoy my conversation with William Quigley.</p>We will be releasing new episodes along with an exciting update about the show within the next few weeks.</p><br /></p>For the full show notes, transcript, and links to the best content to learn more, check out the episode page <a href="https://joincolossus.com/episodes/95760623/quigley-building-the-worlds-most-traded-cryptocurrency">here</a>.</p><strong>-----</strong></p>Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit <a href="https://www.joincolossus.com/episodes">joincolossus.com/episodes</a>.</p><br /></p>Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up <a href="https://www.joincolossus.com/newsletter">here</a>.</p><br /></p>Follow us on Twitter: <a href="https://twitter.com/web3breakdowns">@Web3Breakdowns</a> | <a href="https://twitter.com/ericgoldenx">@ericgoldenx</a> | <a href="https://twitter.com/patrick_oshag">@patrick_oshag</a> </p><br /></p><br /></p><strong>Show Notes</strong></p>(00:01:57) - (First question) - His career in VC and gaming prepared him for the world of crypto</p>(00:11:25) - Exploring the potential of blockchain and crypto</p>(00:16:04) - Blockchain's ideal applications</p>(00:22:43) - <a href="https://tether.to/en/">Tether's</a> origin story and its role in enabling arbitrage trading</p>(00:30:28) - Building trust, tokenization, and Tether's reserves in stablecoin development</p>(00:38:09) - Tether's redeemability, trust, and market dynamics in cryptocurrency</p>(00:43:44) - Trust, convenience, global risks, and regulatory considerations in stablecoins</p>(00:48:30) - US banking dominance, Tether's struggle with banking relationships in regulation</p>(00:53:25) - Tether's growth reflects demand for freedom and challenges with banking</p>(00:57:00) - <a href="https://www.wax.io/">WAX's</a> purpose-built blockchain facilitated NFT growth and trust in collectibles</p>(01:06:34) - What he is most excited to build over the next six months and six years</p> </p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>

01:09:35

Keone Hon - How Blockchains Work: Bitcoin, Ethereum, Solana - [Web3 Breakdowns, Replay]

This is Eric Golden and today we’re going to break down the mechanics behind three major blockchains: Bitcoin, Ethereum and Solana. Blockchain is a term you hear a lot, both in this show and in Web3 more generally. But what do they actually mean and how do they work? That is the subject we’re going to cover today and something I’ve wanted to do for sometime. My guest for this episode is <a href="https://twitter.com/keoneHD?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">Keone Hon</a>. Keone is a Math Prodigy who spent close to a decade building systems for high-frequency trading. Today, he is the co-founder and CEO of Monad Labs and is building a blockchain alternative to Ethereum and Solana. He has that rare blend of deep technical knowledge and the ability to communicate clearly, so he is the perfect guest for this episode. Please enjoy my conversation with Keone.</p><br /></p>For the full show notes, transcript, and links to the best content to learn more, check out the episode page <a href="https://joincolossus.com/episodes/89782882/hon-how-blockchains-work-bitcoin-ethereum-solana">here</a></p><br /></p><strong>-----</strong></p><br /></p><strong>This episode is brought to you by </strong><a href="https://www.okx.com/"><strong>OKX</strong></a><strong>. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit </strong><a href="https://www.okx.com/"><strong>okx.com</strong></a><strong> to learn more.</strong></p><br /></p><strong>-----</strong></p><br /></p>Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit <a href="https://www.joincolossus.com/episodes">joincolossus.com/episodes</a>.</p><br /></p>Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up <a href="https://www.joincolossus.com/newsletter">here</a>.</p><br /></p>Follow us on Twitter: <a href="https://twitter.com/web3breakdowns">@Web3Breakdowns</a> | <a href="https://twitter.com/ericgoldenx">@ericgoldenx</a> | <a href="https://twitter.com/patrick_oshag">@patrick_oshag</a> </p><br /></p><br /></p><strong>Show Notes </strong></p>(00:02:47) - (First question) - An analogy to explain how crypto and blockchain work</p>(00:11:20) - Scenarios to further explore his schoolyard analogy for Bitcoin</p>(00:17:03) - The reality of the math and power balance surrounding blockchain technology</p>(00:23:28) - Expanding the analogy to explain Ethereum</p>(00:25:26) - The broad impact of Ethereum on smart contracting and proof of staking</p>(00:29:08) - Major differences between proof-of-work versus proof-of-stake models</p>(00:31:09) - Comparing Solana’s stateless design to the older chains</p>(00:34:44) - The added privacy and speed advantages enabled by Solana</p>(00:35:56) - The real security and risk profiles of these major chains</p>(00:38:09) - Explaining Solana’s parallel transactions </p>(00:40:52) - Why the creation of new chains and further chain optimization still matters</p>(00:42:27) - Why he got interested in the problem of chain efficiency and accessibility</p>(00:44:54) - How crypto tech continues to build upon itself and expand to new use cases</p>(00:48:34) - How Monad is building their blockchain to solve inefficiencies in crypto markets</p>(00:50:09) - How he thinks about competition given the open-source nature of the space</p>(00:52:12) - The process of actually building and testing a new chain</p>(00:55:49) - What motivates him to continue building</p>(00:56:53) - Diffusing a new blockchain innovation to users and coders</p>(00:58:38) - What he’s most excited to see built over the next six months and six years</p> </p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>

00:59:59

0xfoobar: Crypto Culture and Convention - [Web3 Breakdowns, Replay]

This is Eric Golden, and today we’re replaying one of my favorite conversations with 0xFoobar. Foobar is a developer and investor who writes a must-read newsletter called The Variable. We discuss the tradeoff between privacy and compliance, how culture and law shape each other, and his views on crypto regulation. </p>When I interviewed 0xfoobar 11 months ago, the crypto world couldn’t have been more different. Today, as the industry moves toward court cases and regulation, the issues raised in this episode remain as relevant as ever. I hope you enjoy listening, and we’ll be back soon.</p><br /></p><br /></p>For the full show notes, transcript, and links to the best content to learn more, check out the episode page <a href="https://www.joincolossus.com/episodes/12108645/0xfoobar-crypto-law-and-culture">here</a>.</p><br /></p><strong>-----</strong></p><br /></p>Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit <a href="https://www.joincolossus.com/episodes">joincolossus.com/episodes</a>.</p><br /></p>Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up <a href="https://www.joincolossus.com/newsletter">here</a>.</p><br /></p>Follow us on Twitter: <a href="https://twitter.com/web3breakdowns">@Web3Breakdowns</a> | <a href="https://twitter.com/ericgoldenx">@ericgoldenx</a> | <a href="https://twitter.com/patrick_oshag">@patrick_oshag</a> </p><br /></p><strong>Show Notes </strong></p>[00:02:02] - [First question] - How he built such a robust technical background in his career that lead him to crypto </p>[00:04:42] - The trade off between compliance and privacy and his take on it writ large</p>[00:07:27] - Whether or not people have given up on the idea that privacy of transaction matters </p>[00:11:17] - The current technical framework for what exists in privacy today for crypto</p>[00:14:07] - Defining a zero knowledge proof and explaining the process to do one </p>[00:18:55] - The public ledger incentivizing other economic models and the ways crypto will be used in the future that might not be what we imagine today </p>[00:20:14] - People want to experiment but doing so can involve blind risk unless they’re familiar with the space </p>[00:22:00] - Reversible transactions and why they’re harmful </p>[00:26:37] - Opensea’s flagging involvement and whether or not we’ll have a cash-like layer built on top of the irreversible chain   </p>[00:29:26] - Minimizing crypto purchase risk and protecting participants with a transaction cooling process or holding period </p>[00:32:46] - The ways in which law and culture shape each other </p>[00:34:14] - Examples of how culture affects crypto in ways that laws don’t yet </p>[00:36:31] - DeFi protocol hacks and how the culture should handle that kind of behavior </p>[00:40:49] - His thoughts on the current takes of trying to bring regulation by enforcement to the crypto space</p>[00:43:18] - His current area of focus is lately and what he enjoys doing the most </p>[00:46:50] - What he’s most excited to see built in the next six months and six years</p> </p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>

00:45:55

Bored Ape Yacht Club - [Web3 Breakdowns, Replay]

Today, we're continuing our series of replays this week with the first episode we ever published. Almost two years ago to the day, I sat down with Patrick to talk about the Bored Ape Yacht Club. I hope you enjoy listening back to this episode as much as I did recently and I'll be back with new episodes, including our Q3 recap, very soon.</p><br /></p>For the full show notes, transcript, and links to the best content to learn more, check out the episode page <a href="https://www.joincolossus.com/episodes/99935896/golden-bored-ape-yacht-club">here</a>.</p><br /></p><strong>-----</strong></p><br /></p>Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit <a href="https://www.joincolossus.com/episodes">joincolossus.com/episodes</a>.</p><br /></p>Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up <a href="https://www.joincolossus.com/newsletter">here</a>.</p><br /></p>Follow us on Twitter: <a href="https://twitter.com/web3breakdowns">@Web3Breakdowns</a> | <a href="https://twitter.com/patrick_oshag">@patrick_oshag</a> | <a href="https://twitter.com/JoinColossus">@JoinColossus</a></p><br /></p><strong>Show Notes</strong></p>[00:02:30] - [First question] - What the Bored Ape Yacht Club is</p>[00:03:39] - Motivations for owning a Bored Ape compared to traditional art </p>[00:07:46] - The scope of prices, hierarchy, turnover, and trading overview of these NFTs</p>[00:09:51] - Distribution of rarity and why it matters </p>[00:11:29] - How the project roadmap is managed by the member community</p>[00:16:23] - Who are the members and the key stewards of steering the ship</p>[00:18:08] - An example of a project where the owners don’t own the IP of their NFT</p>[00:20:56] - Underlying fundamentals and utility behind owning a Bored Ape </p>[00:26:36] - Thoughts on fungible tokens inside of non-fungible projects</p>[00:29:06] - Ways to think about the value proposition of owning an Ape and an Ape token </p>[00:30:36] - Different options for minting NFTs and their pros and cons</p>[00:34:36] - Literal mechanics of the minting process</p>[00:36:59] - Smart contract mediating of combining NFTs to generate rare ones</p>[00:39:20] - Building a bottom up brand and other examples of this trend</p>[00:41:50] - Are NFTs just gambling, or will they become investable assets like physical art</p>[00:46:09] - Blockchain infrastructure of the NFT space and whether it’ll stay on Ethereum</p>[00:48:48] - What makes the Bored Ape Yacht Club so innovative compared to other projects</p><br /></p> </p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>

00:51:13

Austin Campbell: A Primer on Stablecoins - [Web3 Breakdowns, Replay]

Today we are revisiting my conversation with <a href="https://twitter.com/CampbellJAustin">Austin Campbell</a>. After my interview with Mike Dudas, I had asked, who is the smartest person I can talk to about Stablecoins? He instantly responded, you need to speak with Austin, and as you'll hear, I think he's right.</p>Austin spent 15 years in traditional finance before managing $22bn of Stablecoin reserves for Paxos. Today, he's an Adjunct professor at Columbia Business School and the managing partner at Zero Knowledge Consulting. In this conversation, Austin helps me break down the nuts and bolts of how Stablecoins work. We also discussed the lessons crypto should learn from the traditional finance world and how the current US regulatory crackdown will shape the ecosystem going forward. Please enjoy this Stablecoin primer with Austin Campbell.</p><br /></p>For the full show notes, transcript, and links to the best content to learn more, check out the episode page <a href="https://joincolossus.com/episodes/28671473/campbell-a-primer-on-stablecoins">here</a></p><br /></p><strong>-----</strong></p><br /></p>Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit <a href="https://www.joincolossus.com/episodes">joincolossus.com/episodes</a>.</p><br /></p>Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up <a href="https://www.joincolossus.com/newsletter">here</a>.</p><br /></p>Follow us on Twitter: <a href="https://twitter.com/web3breakdowns">@Web3Breakdowns</a> | <a href="https://twitter.com/ericgoldenx">@ericgoldenx</a> | <a href="https://twitter.com/patrick_oshag">@patrick_oshag</a> </p><br /></p><br /></p><strong>Show Notes </strong></p>[00:03:21] - [First question] - What can be learned from TradFi and applied to crypto</p>[00:05:13] - The basics of Stablecoins and why they are important</p>[00:07:39] - The logistics and mechanics of Stablecoins from the ground up</p>[00:17:14] - Time-delay and infrastructure problems when trading with Stablecoins</p>[00:21:18] - Liquidity, time sensitivity, and credit risk for issuers and buyers of Stablecoins </p>[00:24:59] - The roles, challenges, and faults of regulators in the space </p>[00:33:04] - The extent to which he sees regulators favored versus fouled by crypto natives</p>[00:34:50] - The SEC’s imposition that qualified custodians are needed to exchange crypto assets</p>[00:37:53] - His takes on news regarding Paxos and the BUSD</p>[00:43:01] - Concerns regarding Binance and its Stablecoin consolidations</p>[00:46:30] - Aspects of global Stablecoin regulation he’s optimistic about</p>[00:49:01] - Why the US may not be a promised land for crypto</p>[00:50:21] - The positives and potential impact of Stablecoins broadly, despite the pushback</p>[00:54:03] - The possibility of traditional assets using crypto rails</p>[01:00:04] - What he’s most excited to see built over the next six months and six years</p> </p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>

01:02:01

Eric Golden: Reflections on Hosting Web3 Breakdowns - [Making Media, Replay]

Hello Web3 listeners, this is a special episode drop. Earlier this year, Eric joined Matt Reustle and Dom Cooke on their <a href="https://pod.link/1662094664">Making Media</a> podcast to talk about his experience hosting Web3 Breakdowns. In this episode, you'll hear about the art of interviewing, how long it takes to get better, and a behind-the-scenes look at hosting this show.</p><br /></p>Making Media is another podcast in the Colossus network. So, if you enjoy it, check out that feed, and Eric will be back as your host in the coming weeks.</p><br /></p>Learn more about <a href="https://www.capitalcamp.com/">Capital Camp</a>.</p><br /></p>For the full show notes, transcript, and links to the best content to learn more, check out the episode page <a href="https://joincolossus.com/episodes/62748677/golden-the-art-of-interviewing">here</a>. </p><br /></p><strong>-----</strong></p><br /></p>Making Media is a property of Colossus, LLC. For more episodes of Making Media, visit <a href="https://www.joincolossus.com/episodes">joincolossus.com/episodes</a>.</p><br /></p>Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up <a href="https://www.joincolossus.com/newsletter">here</a>.</p><br /></p>Follow us on Twitter: <a href="https://twitter.com/ReustleMatt">@ReustleMatt</a> | <a href="https://twitter.com/domcooke">@domcooke</a> | <a href="https://twitter.com/MakingMediaPod">@MakingMediaPod</a> | <a href="https://twitter.com/JoinColossus">@JoinColossus</a> </p><br /></p><strong>Show Notes</strong></p>(00:03:48) - (First question) - Who has inspired him as an interviewer </p>(00:05:13) - How he approaches interviews now compared to when he started  </p>(00:06:48) - Changes in the early days that were game changers for him </p>(00:09:06) - Comparing his preparation process now to what it was early on  </p>(00:11:44) - Reframing common questions in a thought provoking way  </p>(00:14:10) - Probing a guest before hitting record to get a sense of where the conversation could go </p>(00:16:55) - Podcast episodes he’s found inspirational and what makes an episode great</p>(00:27:20) - The art and difficulty of interrupting a guest without breaking the flow</p>(00:30:20) - Pushing in when a guest says they want to come back to something later</p>(00:32:36) - Managing the types of guests the Web3 and crypto space attracts </p>(00:36:08) - What makes an episode successful </p>(00:41:40) - The greatest looking things are often very well prepared </p>(00:44:10) - Comparing Joe Rogan to Howard Stern </p>(00:45:10) - Where his inspiration comes from </p>(00:46:55) - Pitching download data to guests as relatively scaled sports stadiums  </p>(00:48:18) - Advice for people who want to get into podcasting </p>(00:50:42) - Wanting to change the name of Web3 Breakdowns </p>(00:52:34) - Other changes he’d like to make and his process for sourcing guests</p>(00:54:06) - The migration from the fixed income community into crypto   </p>(00:56:52) - A lot of hard work for a labor of love </p>(00:59:46) - Judging the quality of an episode after conducting the interview  </p>(01:02:35) - Lessons learned and surprising things about exploring the media space</p> </p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>

01:06:35

Nick Neuman: Securing Your Crypto - [Web3 Breakdowns, EP.85]

This is Eric Golden and my guest today is <a href="https://twitter.com/Nneuman?s=20">Nick Neuman</a>, the CEO of Casa. Casa offers crypto users a secure and straightforward way to self-custody their assets, and today, we dive into this critical topic. We talk about the problems of self-custody, Casa’s solution, the recent addition of Ethereum to their platform, and the trade-off between security and usability. This is Nick’s second time on a Colossus Podcast after first appearing on an Invest Like the Best episode called “<a href="https://www.joincolossus.com/episodes/73084963/neuman-becoming-your-own-bank?tab=transcript">Becoming your Own Bank</a>”, which I highly recommend. Please enjoy my conversation with Nick Neuman.</p><br /></p>Web3 Breakdown listeners can use code WEB3BREAKDOWN23 for 20% off your first year of a <a href="https://keys.casa/standard/">Casa Standard membership.</a></p><br /></p>For the full show notes, transcript, and links to the best content to learn more, check out the episode page<a href="https://joincolossus.com/episodes/41360300/neuman-securing-your-crypto"> here.</a></p><br /></p><strong>-----</strong></p><br /></p><strong>This show is brought to you by </strong><a href="https://www.okx.com/landingpage/okxtraderseries"><strong>OKX</strong></a><strong>. Want to stop paying trading fees? You can now trade for free for two months with OKX. Over 20 million traders and institutions choose OKX when they want to trade. And you can join them by signing up at </strong><a href="https://www.okx.com/landingpage/okxtraderseries"><strong>okx.com/landingpage/okxtraderseries</strong></a><strong> to start your two months of fee-free trading today.</strong></p><br /></p><strong>-----</strong></p><br /></p>Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit <a href="https://www.joincolossus.com/episodes">joincolossus.com/episodes</a>.</p><br /></p>Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up <a href="https://www.joincolossus.com/newsletter">here</a>.</p><br /></p>Follow us on Twitter: <a href="https://twitter.com/web3breakdowns">@Web3Breakdowns</a> | <a href="https://twitter.com/ericgoldenx">@ericgoldenx</a> | <a href="https://twitter.com/patrick_oshag">@patrick_oshag</a> </p><br /></p><br /></p><strong>Show Notes </strong></p>(00:02:09) - (First question) - Introduction to <a href="https://keys.casa/">Casa</a>: simplifying self-custody for secure storage of <a href="https://bitcoin.org/en/">Bitcoin</a> and <a href="https://ethereum.org/en/">Ethereum</a></p>(00:05:13) - The risks of overestimating security among even experienced crypto enthusiasts</p>(00:06:01) - Private keys, single points of failure, and Casa's multi-key approach to security</p>(00:11:44) - Mobile key security: SIM swapping and securing funds through layers</p>(00:14:28) - Balancing security and convenience with different security levels</p>(00:17:32) - Spikes in interest during moments of fear or price volatility</p>(00:19:53) - Offering video calls to simplify setup for hardware wallets</p>(00:21:18) - Transitioning to Ethereum while maintaining security and usability for users</p>(00:27:07) - Future challenges of balancing security and ease in interacting with smart contracts</p>(00:29:54) - The importance of self-custody, simplifying the process for mass adoption</p>(00:34:07) - Anxiety and laziness often delay sign-up, eased by simplified processes</p>(00:36:49) - Blending user understanding with an effortless product experience</p>(00:38:56) - Self-custody, like setting up a will or life insurance, brings relief and security</p>(00:40:59) - What he is most excited to build over the next six months and six years</p> </p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>

00:45:07

Jack Neureuter: Bitcoin, Ethereum, and an Institutional Perspective - [Web3 Breakdowns, EP.84]

This is Eric Golden and my guest today is <a href="https://twitter.com/j_neureuter">Jack Neureuter</a>. Jack is a Senior Research Analyst at Fidelity Digital Assets<strong> </strong>where he helps institutions make sense of<strong> </strong>the crypto ecosystem. Our conversation centers on three main themes - Bitcoin, Ethereum, and the institutional view on Crypto. We start by talking about where we are in the Bitcoin Cycle. We then cover the Taproot upgrade, the XRP court case, and how institutions think about allocating to crypto. Please enjoy my conversation with Jack Neureuter.</p><br /></p>For the full show notes, transcript, and links to the best content to learn more, check out the episode page <a href="https://joincolossus.com/episodes/49667634/neureuter-bitcoin-ethereum-and-an-institutional-perspective">here</a><strong>. </strong></p><br /></p><strong>-----</strong></p><br /></p><strong>This show is brought to you by</strong><a href="https://www.okx.com/landingpage/okxtraderseries"><strong> OKX</strong></a><strong>. Want to stop paying trading fees? You can now trade for free for two months with OKX. Over 20 million traders and institutions choose OKX when they want to trade. And you can join them by signing up at</strong><a href="https://www.okx.com/landingpage/okxtraderseries"><strong> okx.com/landingpage/okxtraderseries</strong></a><strong> to start your two months of fee-free trading today.</strong></p><br /></p><strong>-----</strong></p><br /></p>Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit <a href="https://www.joincolossus.com/episodes">joincolossus.com/episodes</a>.</p><br /></p>Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up <a href="https://www.joincolossus.com/newsletter">here</a>.</p><br /></p>Follow us on Twitter: <a href="https://twitter.com/web3breakdowns">@Web3Breakdowns</a> | <a href="https://twitter.com/ericgoldenx">@ericgoldenx</a> | <a href="https://twitter.com/patrick_oshag">@patrick_oshag</a> </p><br /></p><br /></p><strong>Show Notes</strong></p>(00:02:00) - (First question) - Exploring<a href="https://bitcoin.org/en/"> Bitcoin</a> cycles, regulatory challenges, macro factors, and future potential outcomes</p>(00:05:40) - Bitcoin's price tied to supply drop impact versus narrative-driven price changes</p>(00:08:19) -<a href="https://ethereum.org/en/"> Ethereum's</a> technology fuels apps, while Bitcoin's scarcity enhances worth</p>(00:13:37) - Harmony of Ethereum's tech and Bitcoin's simplicity</p>(00:16:53) - Bitcoin scales while preserving decentralization, Ethereum offers diverse applications</p>(00:19:42) - Bitcoin's Ordinals sparked debate between change and preservation</p>(00:22:37) - Considering ETFs for Bitcoin in 2023 amid legal challenges</p>(00:26:30) - Institutional interest in ETFs could impact crypto governance</p>(00:28:24) - XRP's legal outcome surprised many, impacting altcoins, but industry's understanding is evolving</p>(00:30:49) - Allocations vary based on macro views and investor type, with Bitcoin and Ethereum leading</p>(00:34:18) - Asia leads crypto adoption due to currency norms, digital payments, and regulatory differences</p>(00:37:11) - How allocating crypto in portfolios can be tricky due to limited data for future returns</p>(00:38:5) - How valuing crypto can be tough due to lack of data, diverse use cases, and speculation</p>(00:42:43) - Ethereum's potential for real-world assets on chain and the evolving tech landscape </p>(00:45:20) - What Jack is most excited to build over the next six months and six years</p> </p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>

00:46:39