Sunday Reads – Things I Found Interesting 2021-08-08

Binance

After less than four months the CEO of Binance US resigns.

ICYMI

In these two episodes Cas and I are joined by Frances Coppola to discuss inflation, deflation, regulation, stablecoins, and algorithmic stablecoins.

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Sunday Reads – Things I Found Interesting 2021-08-01

This one will be a little bit longer than normal because I was in a wedding last weekend and did not get that week’s post up.

Books I Read

Dolores Clairborne – A fascinating King novel that focuses exclusively on a single woman and the people she did and did not kill as it steps through her life.

Tether

Tether execs likely received target letters from the Department of Justice.

Tether was a specific topic of discussion at Yellen’s working group.

ICYMI

In this episode Cas and I were joined by David Z. Morris to discuss what Enron can still teach us.

In this episode Cas and I are joined by Rohan Grey to discuss money transmitters, CBDCs, stablecoins, and the best way to regulate that morass.

In this episode Cas and I are joined by Preston Byrne to discuss stablecoins, DeFi, regulation, and decentralization theater.

In this article I try to assess the currently available evidence that Bitfinex and Tether have committed bank fraud, it also includes an audio version, a new thing I’m trying out so let me know what you think.

In this episode of the Blockchain Debate podcast I discuss whether or not I think algorithmic stablecoins will ever work.

In this episode of The Daily Dive I discuss Bitfinex and Tether and get to specifically talk about the new information about their Department of Justice probe.

In this episode Cas and I discuss a variety of cryptocurrency charity scams and frauds.

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Sunday Reads – Things I Found Interesting 2021-07-18

Stablecoins

Janet Yellen is getting together a whole bunch of regulators and law enforcement to figure out what the heck is happening with stablecoins.

ICYMI

I was able to go on the Grant William’s Podcast to discuss Bitfinex and Tether and he has also made his report on Tether and Bitfinex freely available.

In this episode Cas and I discuss his journey to try to find the offices of Bitfinex and Tether.

In this article I tried to figure out why Tether’s reserves look so…weird.

On this Twitter Spaces I was able to discuss Binance’s current situation with Frances Coppola, Cas Piancey, and David Gerard.

In this article I try to exhaustively document every audit, attestation, consulting memo, and letter meant to prove Tether was sufficiently backed.

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Sunday Reads – Things I Found Interesting 2021-07-11

Binance

Binance in their continual journey to be simultaneously everywhere and nowhere has ended up right back where they started, in Hong Kong.

TrueUSD

I am still worried about the fact that we have yet to get more information from TrueUSD about their acquisition or when attestations may resume. Cas covered it months ago here.

ICYMI

In this article I document the periods where we have definitive proof that Tether was not fully backed.

In this episode Cas Piancey and I are joined by David Canellis of Protos Media to discuss the myriad problems we see with BitClout.

In this Twitter Spaces hosted by ChadSGX and Wolf Financial I am joined by Cas Piancey and Frances Coppola to discuss Tether and Bitfinex

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Sunday Reads – Things I Found Interesting 2021-07-04

Fraud in the art world

Vulture had a fantastic article about a fraudulent art dealer. See if you can find analogies to crypto and especially NFTs. Read it here.

ICYMI

In this article I attempt to challenge those who malign Tether researchers and journalists covering Tether as ‘conspiratorial truthers’.

In this episode Cas and I took a look at Bitcoin becoming ‘legal tender’ in El Salvador. It is a nuanced issue, complicated by a history of foreign intervention.

In this episode Cas and I took a look at the new tendency among crypto companies to hire former regulators.

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Sunday Reads – Things I Found Interesting 2021-06-27

Summary of Bitfinex and Tether

Grant Williams wrote the best summary of Bitfinex and Tether I have yet read, it is unfortunately paywalled, but if you would like to subscribe to get access you can go here. (Note: I was given a free copy)

If instead you would like to read my introduction you can here:

Deutsche Bank’s Deck on Shorting Housing

Released as part of the hearings after the housing collapse we can see the deck that Deutsche Bank used to pitch investors on joining them in shorting the housing market. (My copy)

ICYMI

In this weeks episode Cas and I try to determine what the heck a Tether redemption actually is:

In this article I attempt to document many of the red flags and misdeeds surrounding Bitfinex and Tether:

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Sunday Reads – Things I Found Interesting 2021-06-20

El Salvador

Cas Piancey writes about El Salvador making Bitcoin legal tender for Protos Media:

Ruminations on Cryptocurrency Critics

Ben Muenster writes a brilliant piece on the strangeness of cryptocurrency critics for Decrypt.

How an eccentric astronomer took down a Russian spy ring

Read the wild story about this man who stood opposed to the internet, and used computers to find spies.

Tether

Bernhard Mueller with a very solid analysis of Tether’s risk profile.

Delicious Recipe

https://www.joshuaweissman.com/post/2-dollar-curry-butter-chicken-but-cheaper

This was one of the best tasting things I’ve ever made. I have no idea if it is anything approaching authentic, but quite enjoyed eating it. Also Joshua’s channel as a whole is great.

ICYMI

In this episode Cas and I discuss the epidemic of undisclosed shills in crypto.

I appear during this episode to discuss the founders of Bitfinex and Tether. You can read more about that here:

This posts contains affiliate links, if you purchase something using the link I will make a small amount.

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Sunday Reads – Things I Found Interesting 2021-06-13

Books I Read

Insomnia – This book by Stephen King is a supernatural thriller (like many of King’s books). If you are a fan of King you will likely enjoy this, especially with the references back to Dark Tower and to Derry more broadly. If you are not a fan of King, I think he has better works for you to read. Be forewarned if you listen to the audiobook, the music selections between chapters are incredibly annoying.

Movies I Watched

Enron: The Smartest Guys in the Room – This documentary takes a look at the Enron fraud. There are many messages to be learned here that can be applied to other frauds.

I did a thread with my thoughts while watching the movie:

El Salvador

David Gerard covers the El Salvador situation brilliantly.

Yashar Ali

A fascinating profile on the prolific tweeter in LA Magazine.

ICYMI

In this article I try to look at the absurdity of Elon buying, selling, and shilling Bitcoin and Dogecoin.

In this article I try to wrap my head around just how big Tether really is.

In this article I discuss why I do not see venture capitalists as a sign of quality or due diligence for a crypto protocol.

In this episode Cas and I discuss the new initiative for Coinbase Media and Coinbase fact checking

I wrote about Coinbase media here.

Cas covered it here.

In this show we discuss the NYAG investigation of Bitfinex and Tether, the history of Bitfinex and Tether and more.

This posts contains affiliate links, if you purchase something using the link I will make a small amount.

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Sunday Reads – Things I Found Interesting 2021-06-06

Books I Read

Critical Role: Vox Machina Origins: Series I & II Collection – A beautiful and brilliantly written series of comic books that tell the story of how the adventuring group Vox Machina came to be. I truly enjoyed reading through this collection on a quiet Sunday morning.

The Four Hour Workweek – This book by Tim Ferriss is a book I have read several times now. I always have somewhat complicated feelings towards it. There are many techniques and ideas in the book that I personally am unlikely to ever use. However, it is often useful for me as a reframing tool. It is a good way to remind yourself that there are often social scripts that we allow to develop into limits on ourselves. Also there is good advice on starting information businesses.

Dungeons and Dragons

This video is incredibly valuable for 5e DMs who would be interested in pulling forward material from 4e to help combat. It convinced me to go out and buy the 4e Monster Manual. Giffyglyph has an awesome tool to make 5e monsters in the style of 4e as well.

NFTs

Protos reports on the blow up of the NFT bubble.

ICYMI

In this article I rant about the new media and fact checking initiative by Coinbase

In this episode Cas and I discuss the ill-fated Canadian bitcoin exchange QuadrigaCX

In this podcast I discuss Tether, Binance, MakerDAO, and other systemic risks.

In this article I make a simple argument that shows there were unbacked Tethers.

I did a quick little question and answer about Bitfinex and Tether. Since no one was there at the beginning I just started sharing Bitfinex and Tether fun facts.

There are still way too many unanswered questions surrounding the acquisition of TrueUSD. Cas Piancey takes a look.

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Sunday Reads – Things I Found Interesting 2021-05-30

Ethereum

Vitalik breaks down the limits to scaling.

Hard Forks

Eric Wall shares a flowchart from the Segwit2X Bitcoin scaling debate that can serve as a useful model for understanding contentious hard forks.

Steve Bannon’s Italian Gladiator School for Western Culture

Ben Munster breaks down the absurdity of the above phrase.

ICYMI

In this article I try to summarize what I see as the difference between the trader perspective and skeptic perspective on Tether and Bitfinex, plus it’s like a greatest hits of their fuck-ups.

In this podcast episode Cas and I discuss Crypto Capital Corp, the shadow bank to the cartels and to Bitfinex and Tether.

In this article I try to work through my thoughts on why Coinbase listed Tether.

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