CD109: Bank Run on Binance? with Dylan LeClair
support dispatch: https://citadeldispatch.com/donate (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 _(https://twitter.com/DylanLeClair_)
nostr live chat: https://citadeldispatch.com/stream (https://citadeldispatch.com/stream) nostr account: https://primal.net/odell (https://primal.net/odell) youtube: https://www.youtube.com/@citadeldispatch (https://www.youtube.com/@citadeldispatch) podcast: https://www.podpage.com/citadeldispatch (https://www.podpage.com/citadeldispatch) stream sats to the show: https://www.fountain.fm/ (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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