Welcome to The Breakdown with Nathaniel Whittemore. Starting off this episode we discuss European Central Bank (ECB) President Christine Lagarde’s comments on stablecoins that inflamed Crypto Twitter yesterday. She said projects in the space indicated clear demand even as she gave bitcoin a bit of a backhanded compliment.
Meanwhile, two hugely hyped projects – Orchid and Filecoin – have both resurfaced. What might this mean for the token narrative going into 2020? We'll explore what the growth of these tokens means for the market in general.
Lastly, in her end-of-year piece for CoinDesk, Jill Carlson triggered an avalanche of commentary by arguing that crypto isn’t supposed to be mainstream because its primary use case is for censored transactions. We'll go deep on that subject on today's podcast.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.