Episode 26 — Cryptocurrency Lending is Too Good to Believe — Crypto Critics’ Corner

Cryptocurrency Lending is Too Good to Believe Crypto Critics' Corner

Today Bennett Tomlin and Cas Piancey explore the incredible interest rates offered by centralized cryptocurrency lenders, how they likely make their money, and whether or not any of them are "risk-free."

In this episode Cas and I discuss the problems with cryptocurrency lending companies including BlockFi, Celsius, and Nexo. They are marketed as risk-free while actually you take on significant counterparty risk. 

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Episode 24 — C.R.E.A.M. Cumberland Rules Everything Around Me — Crypto Critics’ Corner

C.R.E.A.M. Cumberland Rules Everything Around Me Crypto Critics' Corner

Bennett Tomlin and Cas Piancey discuss the history and importance of DRW/Cumerbland Global, one of the top liquidity providers in the cryptocurrency space, and speculate on the influence the company exerts on the industry.

In this episode Cas and I discuss Cumberland Global (formerly Cumberland Mining) the cryptocurrency arm of DRW, a major Chicago trading firm. We discuss reporting suggesting that they are one of the top Tether issuers, and you can find that reporting here

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Episode 23 — Binance: The Tai Chi Document — Crypto Critics’ Corner

Binance: the Tai Chi Document Crypto Critics' Corner

Today Bennett Tomlin and Cas Piancey talk about the Binance Tai Chi document (which you can read about here https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/leaked-tai-chi-document-reveals-binances-elaborate-scheme-to-evade-bitcoin-regulators/?sh=6dbafb302a92). This was recorded *before* Binance introduced full-KYC (know-your-customer) practices, but highlights previous issues with Binance, Binance US, and other Binance affiliated companies. If you're interested in the book by Evan Ratliff that we mention, it can be purchased here: https://www.amazon.com/Mastermind-Drugs-Empire-Murder-Betrayal/dp/0399590412

In this episode Cas and I discuss the Binance Tai Chi documents. A leaked set of documents as reported on by Forbes, which detail Binance’s plan to Binance US as part of a strategy of regulatory arbitrage. 

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Episode 22 — Blockchain Terminal with Robert Green — Crypto Critics’ Corner

Blockchain Terminal with Robert Green Crypto Critics' Corner

Robert Green (@robogreen on Twitter), a marketing consultant who ended up doing contract work for Blockchain Terminal – a company claiming to be "the Bloomberg Terminal," but for cryptocurrencies! – joins us to discuss his time at the bold project. The main problem with the company? One of the biggest fraudsters in Canadian history was running things under a pseudonym, "Shaun MacDonald," and was planning his exit scam from day one (perhaps even laundering funds from a pervious scam to bootstrap the project). Tune in to hear the full story.

In this episode Cas and I are joined by Robert Green, a marketing consultant who had worked with Blockchain Terminal. Blockchain Terminal was a fraudulent cryptocurrency company who was claiming to build the “Bloomberg Terminal” of crypto. The biggest issue with the company is that it was run by a known fraudster named Shaun MacDonald who was hiding behind the pseudonym ‘Boaz Manor’. 

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Episode 21 — Bitcoin — Crypto Critics’ Corner

Bennett Tomlin and Cas Piancey discuss the history, function, positives, negatives, flaws, and potential benefits of Bitcoin.

In this episode Cas and I discuss Bitcoin. What attracted us to it, why we think it’s useful, and the problems we see with it.

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Episode 20 – Algorithmic stablecoins and regulation with Frances Coppola (Part 2) — Crypto Critics’ Corner

Algorithmic stablecoins and regulation, Part II featuring Frances Coppola Crypto Critics' Corner

The second part of the two-part discussion with Frances Coppola. On this episode, Bennett Tomlin and Cas Piancey ask about algorithmic stablecoins, overcollateralized stablecoins, regulation, and historical precedent for pegged-currency failures.

In this episode Cas and I are joined by Frances Coppola to stablecoins and how they fit into the regulatory landscape. We also discuss some of the problems with algorithmic and partially collateralized stablecoins. 

You can find Frances’ Twitter here, her blog here, and her book here.

Note: This post contains an affiliate link to support the blog.

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Episode 19 – Inflation, deflation, and stablecoins with Frances Coppola (Part 1) — Crypto Critics’ Corner

Inflation, deflation, and stablecoins with Frances Coppola (Part I) Crypto Critics' Corner

Frances Coppola – "infamous" nocoiner and author – joins Bennett Tomlin and Cas Piancey to teach everyone a thing or two about inflation, deflation, hyperinflation, and stablecoin regulation.

In this episode Cas and I are joined by Frances Coppola to discuss inflation and deflation along with stablecoins. 

You can find Frances’ Twitter here, her blog here, and her book here.

Note: This post contains an affiliate link to support the blog.

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Episode 18 – Crypto Charity: where you donate to random people making promises and get nothing in return — Crypto Critics’ Corner

Crypto Charity – where you donate to random people making promises and get nothing in return Crypto Critics' Corner

Today's episode is guest-less! Just Bennett Tomlin and Cas Piancey discussing how particularly egregious cryptocurrency-based charities tend to be. Examples include Jacob Kostecki, Binance's Pink Care Token, and Deltec Cares.

In this episode Cas and I are discussing the problematic history of charities in the crypto space. 

I discuss Jacob Kostecki here:

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Episode 17 – From Skeptic to Believer: Preston Byrne on the cryptocurrency ecosystem — Crypto Critics’ Corner

From Skeptic to Believer: Preston Byrne on the cryptocurrency ecosystem Crypto Critics' Corner

Lawyer Preston Byrne joins Bennett Tomlin and Cas Piancey for a wide-ranging discussion that goes from his own crypto journey (of skeptic to believer) to regulatory and legal risks for stablecoin operators. Visit his Twitter to see more from Preston https://twitter.com/prestonjbyrne

In this episode Cas and I are joined by Preston Byrne of Anderson Kill Law to discuss stablecoins, his perspective on crypto, and the interplay between regulation and decentralized finance.

You can find Preston’s Twitter here.

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Episode 16 – Stablecoins, CBDCs, and the STABLE Act with Rohan Grey — Crypto Critics’ Corner

Stablecoins, CBDCs, and the STABLE Act with Rohan Grey Crypto Critics' Corner

Bennett Tomlin and Cas Piancey are joined by Assistant Professor of Law at Willamette University and one of the authors of the STABLE Act, Rohan Grey. We discuss how stablecoins operate, what he hopes to see from CBDCs and the problems he sees in all kinds of new(er) money markets. Find him on Twitter @rohangrey

In this episode Cas and I are joined by Rohan Grey, Assistant Professor at Willamette Law and one of the creators of the STABLE Act to discuss money transmitters, stablecoins, CBDCs, and the STABLE Act.

You can find Rohan’s Twitter here.

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