This episode is sponsored by, Circle and Kraken.

On this edition of “Long Reads Sunday,” NLW reads Nic Carter’s newest “Let’s Actually Commit to Proofs of Reserve This Time, OK?

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: C.J. Burton/Getty Images, modified by CoinDesk. Join the discussion at