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CD109: Bank Run on Binance? with Dylan LeClair episode artwork

Aug 31, 2023 1 hr 57 min

CD109: Bank Run on Binance? with Dylan LeClair

from Citadel Dispatch Hosted by ODELL

support dispatch: https://citadeldispatch.com/donate ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ EPISODE: 109 BLOCK: 805483 PRICE: 3682 sats per dollar TOPICS: concerns around binance, implications of potential ETFs, macro environment, nostr is the future dylan on twitter: ⁠https://twitter.com/DylanLeClair_ nostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ nostr account: ⁠https://primal.net/odell⁠ youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/ (00:01:26) Introduction and discussion of Binance (00:03:20) Concerns about Binance and its impact on the market (00:18:03) Comparison of Binance to other exchanges and the issue of rehypothecation (00:36:42) Binance's accounting practices and potential asset liability mismatches (00:37:27) The regulatory challenges and potential legal actions against Binance (00:39:40) The role of Tether and stablecoins in the regulatory scrutiny of Binance (01:12:22) Bitcoin correlation with equity markets (01:19:14) Borrowing against Bitcoin (01:25:12) BlackRock's interest in Bitcoin (01:45:48) Receiving lightning on custodial wallets (01:46:31) Pain points on the app side (01:47:11) Elon's vision of social and financial surveillance (01:47:26) Primal app and its features (01:48:39) Different Bitcoin clients and their features (01:49:33) Using Nostr instead of Twitter (01:50:40) The potential of Nostr and its integrations (01:53:04) Final thoughts on Bitcoin and Nostr

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CD109: Bank Run on Binance? with Dylan LeClair

0:00 1:57:57

Chapters

  1. 1:26 Introduction and discussion of Binance
  2. 3:20 Concerns about Binance and its impact on the market
  3. 18:03 Comparison of Binance to other exchanges and the issue of rehypothecation
  4. 36:42 Binance's accounting practices and potential asset liability mismatches
  5. 37:27 The regulatory challenges and potential legal actions against Binance
  6. 39:40 The role of Tether and stablecoins in the regulatory scrutiny of Binance
  7. 1:12:22 Bitcoin correlation with equity markets
  8. 1:19:14 Borrowing against Bitcoin
  9. 1:25:12 BlackRock's interest in Bitcoin
  10. 1:45:48 Receiving lightning on custodial wallets
  11. 1:46:31 Pain points on the app side
  12. 1:47:11 Elon's vision of social and financial surveillance
  13. 1:47:26 Primal app and its features
  14. 1:48:39 Different Bitcoin clients and their features
  15. 1:49:33 Using Nostr instead of Twitter
  16. 1:50:40 The potential of Nostr and its integrations
  17. 1:53:04 Final thoughts on Bitcoin and Nostr

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This episode is 1 hour and 57 minutes long.

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This episode was published on August 31, 2023.

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