On The Brink with Castle Island Weekly Roundup 11/13/20 (Cred insolvency, Zelleification in Venezuela, Can Bitcoin be 6102'ed?) (Ep.147)
Nov 13, 2020
37:32
Nic and Matt return for news and deals of the week. In this episode:
- Cred files for bankruptcy
- Why Bitcoin banking is uniquely robust
- Why we should not be discouraged by the occasional failure of Bitcoin banks
- The ECB looks to create a CBDC within 2-4 years
- Gary Gensler's influence on the Biden administration
- XRP's fate hangs in the balance
- Stephen Lynch's letter to Brian Brooks criticizing his stance on crypto
- Zelle's influence in Venezuela and the reality of crypto-dollarization
- Why crypto-dollarization is more sustainable than physical dollarization
- Our response to Ray Dalio's critiques of Bitcoin
- Why Bitcoin can't be 'Order 6102'ed' today
- Valid and less valid critiques of Bitcoin
Content mentioned in this episode:
- Nic Carter in Coindesk, The Case for Bitcoin Banking (Despite Cred's Bankruptcy)
- Coindesk, US Representatives Rip OCC, Brooks for 'Excessive Focus' on Crypto
- Coindesk, Canada Tax Collector Seeks to Force Crypto Exchange Coinsquare to Fork Over Client Records
- Bloomberg, Zelle Has Turned Dollar-Starved Venezuela Into a Cashless Test Lab