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Crypto Critics' Corner

Crypto Critics' Corner

By Cas Piancey and Bennett Tomlin

Bennett Tomlin and Cas Piancey discuss historical moments in the Bitcoin, cryptocurrency, and finance spaces, mainly focusing on frauds, exchange hacks, exit scams, and other malfeasance.
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Craig Steven Wright is a Crier and a Flawed (individual)

Crypto Critics' CornerJan 06, 2022

00:00
32:44
 Crypto Critics Cope at Consensus Conference

Crypto Critics Cope at Consensus Conference

Cas Piancey and Bennett Tomlin discuss their takeaways from Consensus 2023, the recent cryptocurrency conference put on by CoinDesk. This video was recorded on April 30th, 2023.

May 04, 202301:01:35
The FDIC, Infinite Insurance, and Moral Hazards (Feat. Rohan Grey)

The FDIC, Infinite Insurance, and Moral Hazards (Feat. Rohan Grey)

Today Bennett and Cas are joined by Rohan Grey to discuss how the government could provide unlimited deposit insurance against banks collapsing.


This episode was recorded on March 15th, 2023.

Apr 12, 202301:07:05
The Whistleblower Who Exposed WorldCom (feat. Cynthia Cooper & Daren Firestone)
Apr 07, 202301:41:03
Binance in Trouble (streamed live on March 27th, 2023)
Apr 04, 202338:03
SEC sues Justin Sun, Coinbase, Celebrities; also Do Kwon arrested (recorded on March 23rd)

SEC sues Justin Sun, Coinbase, Celebrities; also Do Kwon arrested (recorded on March 23rd)

Bennett Tomlin and Cas Piancey discuss the lawsuit filed against Justin Sun alleging that Tron and BitTorrent token were illegal securities and that he engaged in market manipulation. We also discuss the celebrities implicated in the promotion of these tokens including:

- Logan Paul - Lindsay Lohan - Lil Yachty - Ne-Yo - Akon - Soulja Boy - Austin Mahone - Kendra Lust

This episode was recorded on March 23rd, 2023

Apr 03, 202347:49
Toilet Apes and other NFT Exploitation (Feat. Ed Zitron)

Toilet Apes and other NFT Exploitation (Feat. Ed Zitron)

Bennett Tomlin  and Cas Piancey are joined by Ed Zitron to discuss NFTs and why they became popular and why they are so empty.

This episode was recorded on February 1st, 2022.

Mar 16, 202347:25
Silvergategate: The Collapse of Silvergate and the Future of Cryptocurrency Banking

Silvergategate: The Collapse of Silvergate and the Future of Cryptocurrency Banking

Bennett and Cas go live to discuss the collapse of Silvergate, the bank of choice for cryptocurrency companies and exchanges in the US.


Recorded on Wednesday, March 8th, 2023.

Mar 09, 202328:36
Tether Falsified Bank Records
Mar 04, 202317:15
Satire in Cryptocurrency: West Ham (feat. Josh Cincinnati and Laurence [Insert Last Name Here])

Satire in Cryptocurrency: West Ham (feat. Josh Cincinnati and Laurence [Insert Last Name Here])

Cas Piancey and Bennett Tomlin are joined by Laurence and Josh Cincinnati to dis1cuss the value of satire in cryptocurrency, ordinals, Justin Sun and more.


This was recorded on January 30th, 2023.

Mar 01, 202301:23:46
The El Salvador Volcano Token (feat. Domingo Flores)
Feb 06, 202352:39
Harmony Horizon Exploit, Lazarus Group, and Cryptocurrency Bridges
Jan 29, 202339:45
Nexo Raided, SBF Lies, and Genesis and Gemini Charged
Jan 17, 202330:02
Cryptocurrency Banks Give Up
Jan 17, 202325:12
Did Satoshi run a drug cartel? The Paul Le Roux Story (Feat. Evan Ratliff)
Jan 02, 202356:15
Auditors, Binance, and Global Regulation

Auditors, Binance, and Global Regulation

Today Bennett and Cas are recording an IN-PERSON(!!!) episode of CCC together!

We discuss auditors exiting the cryptocurrency industry en masse, what's next for Binance, and how regulators will or won't take on the new global financial industries.

Recorded on Tuesday, December 21, 2022.

Dec 21, 202247:27
The Skeptic's Guide to Skepticism

The Skeptic's Guide to Skepticism

Today Bennett and Cas discuss walking the fine line between beneficial and frank skepticism and full-blown conspiracy theorist, and how sometimes the line can get a little blurry.


This episode was recorded on November 4th, before everything spiraled into an utter sh*tshow.

Nov 21, 202235:15
FTX and Alameda are dead, long live cryptocurrency

FTX and Alameda are dead, long live cryptocurrency

Today Bennett and Cas are talking about the collapse of FTX, one of the largest cryptocurrency exchanges, and its sister trading firm, Alameda Research.

Nov 09, 202238:38
Shadow Banking 2.0 in Web3 and DeFi (Feat. Hilary Allen)
Oct 27, 202237:41
Binance Smart Chain is Dumb and Mango Markets, Too
Oct 19, 202230:19
High Noon at Ooki Corral: CFTC Sues DAO Participants

High Noon at Ooki Corral: CFTC Sues DAO Participants

Today Bennett and Cas talk about what's going on with the Ooki DAO (Decentralized Autonomous Organization), why the CFTC is suing them, and why it's okay that Ooki DAO is not okay.

This episode was recorded on Tuesday, September 27th, 2022 and edited by Bennett Tomlin.

Oct 07, 202229:31
A Tale of Two Ponzis: Celsius and Luna, Alex Mashinsky and Do Kwon
Sep 30, 202228:22
Saylor's Strategy: a MicroTragedy
Sep 23, 202233:32
Crypto Journalism and Shills (feat. Nikhilesh De)
Sep 16, 202201:02:20
The Good, the Bad, and the Bukele (Feat. Frank Muci)
Sep 11, 202244:49
Draconian Financial Regulation and the Argument for Tether (Feat. Boaz Sobrado)
Sep 01, 202259:36
Coinbase and Kraken Facing Regulatory Actions

Coinbase and Kraken Facing Regulatory Actions

Today Bennett and Cas are talking about recent moves by the SEC (Securities and Exchange Commission) to slow down token listings and perhaps even fundamentally alter the business models of every cryptocurrency exchange located in the United States.

Episode recorded on July 28th, 2022.

Aug 13, 202233:23
Sex, Lies, and Ponzinomics: Marketing in Cryptocurrency (Feat. Adam Singer)
Aug 02, 202201:01:44
A Tether Update
Jul 25, 202228:40
The Dogecoin Joke (Feat. Jackson Palmer)

The Dogecoin Joke (Feat. Jackson Palmer)

Today Bennett and Cas are joined by Jackson Palmer, co-founder of Dogecoin and host of the Griftonomics podcast. We talk about how Doge flew off the rails, why Jackson has taken a few social media hiatuses, and why he's back and talking about cryptocurrency grifts and scams more than ever before.

Follow Jackson on Twitter at https://twitter.com/ummjackson

This episode was recorded on July 10th and produced by Griffin Davis.

Jul 20, 202238:38
Celsius Network: a Pyramid of Ponzis

Celsius Network: a Pyramid of Ponzis

Today Bennett and Cas talk about a civil suit brought by a former contracted employee of Celsius Network against the entity itself claiming that Celsius Network has, effectively, been run as a Ponzi scheme (and doesn't have the funds to pay back its debts).

This episode was recorded on July 7th (before Celsius Network filed for Chapter 11 bankruptcy protection) and was produced by Asher Hirsch.

Jul 14, 202237:49
Cryptocurrency Criticism in a Bear Market (Feat. Molly White)

Cryptocurrency Criticism in a Bear Market (Feat. Molly White)

Today Bennett and Cas are joined again by Molly White, the single best archivist of web3 fraud (on her website https://web3isgoinggreat.com/), to discuss the difference between criticism during a bull market and a bear market as well as a host of other topics.


This episode was recorded on June 16th and produced by Asher Hirsch.


Follow Molly White on Twitter @Molly0xFFF

Jul 08, 202239:30
Contagions and Cascading Liquidations in Cryptocurrency

Contagions and Cascading Liquidations in Cryptocurrency

Bennett and Cas discuss the risk of contagion in the cryptocurrency ecosystem and how the leverage between lenders and trading firms contribute.


This episode was recorded on June 16th, 2022 and produced by Asher Hirsch.

Jul 01, 202224:34
NFTs, Frauds, and Algorithmic Stablecoins (Feat. Mark Cuban)
Jun 23, 202201:07:27
Bitcoin ETFs, the SEC, and Regulatory Clarity (Feat. James Seyffart)

Bitcoin ETFs, the SEC, and Regulatory Clarity (Feat. James Seyffart)

Bennett Tomlin and Cas Piancey are joined by James Seyffart to discuss what has prevented a spot Bitcoin ETF, and what things may make it easier for that to finally happen.

This episode was recorded on May 23rd, 2022 and produced by Griffin Davis.

Jun 19, 202246:25
New NFT Usecase Discovered, and it's Insider Trading

New NFT Usecase Discovered, and it's Insider Trading

Today Bennett and Cas discuss the recent Southern District of New York move to charge a former OpenSea employee, Nathaniel Chastain, with wire fraud and money laundering charges related to insider trading.

This episode was recorded on June 5th and produced by Griffin Davis.

Jun 17, 202225:07
Celsius Collapsing: Causes, Concerns, and Catastrophe (Feat. Mike Burgersburg)
Jun 14, 202245:21
Pre-Philanthropic Billionaires and Bitcoin (Feat. Mario Gibney)
Jun 09, 202201:14:43
Disclosures, Conflicts of Interest, and Diplomacy

Disclosures, Conflicts of Interest, and Diplomacy

Today Bennett and Cas discuss a recent phenomena in regard to media personalities either not doing due diligence on sponsors or pretending that any criticism must be coming from a place of malicious intent.


This episode was produced by Griffin Davis.

Jun 06, 202226:14
El Salvador Revisited: Chivo, KYC/AML, and Nayib Bukele (Feat. Domingo Flores)
Jun 01, 202242:48
Cryptocurrency, Coinbase, and Contagion (Feat. Jim Chanos)
May 29, 202245:23
Finding Finex

Finding Finex

Today Cas Piancey reads an article titled "Finding Finex" - a piece written in 2020, two years after a trip to Hong Kong - that describes his fall down the stablecoin rabbit hole and search for the offices of Bitfinex and Tether.

May 22, 202214:54
DeFi and Cryptocurrency Risks and Rewards (Feat. Lily Francus)
May 18, 202251:43
We Never Wanted to Discuss Terra and Luna ever Again... and yet

We Never Wanted to Discuss Terra and Luna ever Again... and yet

Today Bennett and Cas discuss Terra, an algorithmic stablecoin, again. This time they discuss its collapse in realtime (this episode was recorded live as Terra collapsed), what it could mean as far as contagion is concerned, and if other stablecoins need to begin to worry.


This episode was produced by Bennett Tomlin recorded on Wednesday, May 11th, 2022

May 13, 202238:09
Terra, Luna, and Algorithmic Stablecoins
May 04, 202231:44
The Rise and Fall of Reggie Fowler
Apr 30, 202221:39
An Unscripted Chat with the Richest Man in the World* (Feat. Colin Platt)
Apr 21, 202259:33
Evading North Korean Sanctions 101
Apr 15, 202225:05
An Early Skeptic's Telling of "Why be skeptical?" (Feat. David Gerard)
Apr 12, 202243:42
The Career Criminal Conspiracies of Cas Piancey

The Career Criminal Conspiracies of Cas Piancey

Today Cas (Orson Newstat) and Bennett talk about Cas' previous arrest record and why he's being forced to share his name and discuss an arrest from 16 years ago.

Apr 07, 202226:40
The ECASH Act (Feat. Rohan Grey)
Apr 04, 202251:03
Metaverse 2: Venture Capitalist Judgement Day (Feat. münecat)
Mar 31, 202255:21
We Need to talk about El Salvador (Feat. Mario Gómez and Oscar Salguero)
Mar 28, 202201:12:41
Should Money Laundering be a Crime? (Feat. Josh Cincinnati)
Mar 23, 202201:09:52
Trying to Think like the SEC (Feat. John Reed Stark)
Mar 22, 202201:07:18
The Foul Financials of Cryptocurrency (Feat. Francine McKenna)
Mar 17, 202201:05:58
The Many Faces and Citizenships of Justin Sun
Mar 14, 202232:37
Cities and the Blockchain
Mar 09, 202231:14
Ukraine and Russia and What it Means for Cryptocurrency
Mar 07, 202222:34
This Man Murders Scams (Feat. ZachXBT)

This Man Murders Scams (Feat. ZachXBT)

Today Bennett Tomlin and Cas Piancey are lucky enough to be joined by the "Batman of Cryptocurrency" - pseudoanonymous Twitter user ZachXBT (https://www.twitter.com/zachxbt).

We ask him what it's like uncovering every fraud and scam in crypto, why he does it, and whether the Cryptocurrency Batcave has a secret "nuke scam project" button.


Donate to Zach either at his ETH address: zachxbt.eth

Visit his website here: https://investigations.notion.site/


Here's a list of links that were discussed during the episode:

https://t.me/s/Crypto_Deleted

https://etherscan.io

https://twitter.com/search-advanced?lang=en

https://www.nansen.ai

https://www.breadcrumbs.app

https://revert.finance

https://t.me/EtherDROPS_bot

Mar 04, 202247:17
Company Towns - Past, Present, and Future (Feat. Dr. Ángela Vergara)

Company Towns - Past, Present, and Future (Feat. Dr. Ángela Vergara)

Bennett and Cas are joined by Dr. Ángela Vergara - an expert in company towns and co-author of Company Towns in the Americas. We try to address why they tend to fail, how they usually harm employees, and why they've never really gone away.

If you want to follow Dr. Vergara on Twitter, you can find her @vergara_angela.

The new podcast Bennett and Cas will be hosting is available here: https://podcasts.apple.com/us/podcast/innovated-blockchain-city/id1611390567

Dr. Vergara's book is available on Amazon here: https://www.amazon.com/Company-Towns-Americas-Working-Class-Transformation/dp/0820333298)

You can follow Protos @Protos on Twitter, or visit their website www.Protos.com


This episode was recorded on Thursday, February 24th, 2022.

Mar 01, 202239:52
Web3 is Wonky (Feat. Molly White)

Web3 is Wonky (Feat. Molly White)

Today Bennett and Cas have the distinct privilege to have on Molly White, the creator and maintainer of www.web3isgoinggreat.com - a beautiful showcase of all the disastrous projects that have plagued the Web3 ecosystem thus far. We ask Molly why so many grifters are interested in blockchains, her goals with her website, and why the Federal Reserve, Treasury, and Jamie Dimon are paying her billions to FUD cryptocurrency.


Follow all of Molly's projects: www.web3isgoinggreat.com - blog.mollywhite.net - follow her on twitter - @molly0xFFF - @web3isgreat


This episode was recorded on Friday, February 25th, 2022.

Feb 27, 202242:25
The Verification Scam, How it Works, and Why it's Everywhere

The Verification Scam, How it Works, and Why it's Everywhere

Bennett and Cas talk about the most recent scam that's been omnipresent on Twitter, Instagram, and other social media outlets: the verification scam.


If you've spent any time on Twitter or Instagram, you'll have noticed verified accounts with tens or hundreds of thousands of followers that are spam liking tweets (usually about NFTs). But there's a lot more to the story than a simple compromised account. Let's talk about the thriving ecosystem of compromised verified accounts, engagement farming, and public relations firms that all work together to make our lives worse.


This episode was recorded on Tuesday, February 22nd, 2022.

Feb 24, 202225:24
Inflation, the Federal Reserve, and Bitcoin (Feat. Michael Green)
Feb 21, 202252:34
Celebrities Love Cryptocurrencies - and it's lame (Feat. Ben McKenzie and Jacob Silverman)

Celebrities Love Cryptocurrencies - and it's lame (Feat. Ben McKenzie and Jacob Silverman)

Today Bennett Tomlin and Cas Piancey are joined by Ben McKenzie (star of Gotham, Southland, and The O.C.) and Jacob Silverman (author of Terms of Service and writer for The New Republic and Slate) who discuss the ideas behind their upcoming book about cryptocurrency, their issues with celebrity shilling of speculative assets, and how it really feels like corporate greed is eating our democracy.


Here are some of the books and movies mentioned during the interview:

Lying for Money by Dan Davies - https://www.amazon.com/Lying-Money-Legendary-Frauds-Workings-ebook/dp/B078WFT5JV

The Future of Money by Eswar Prasad - https://www.amazon.com/Future-Money-Revolution-Transforming-Currencies/dp/0674258444

The China Hustle - https://www.amazon.com/China-Hustle-Dan-David/dp/B07BQH2LQG


This episode was recorded on Monday, February 14th, 2022

Feb 17, 202259:53
The Return of the Bitfinex Hack: $4.5 billion in Bitcoin is Found and Seized

The Return of the Bitfinex Hack: $4.5 billion in Bitcoin is Found and Seized

Today Bennett and Cas will be talking about how $3.5 billion dollars (of $4.5 billion) worth of Bitcoin stolen 6 years ago was found and seized by the US Department of Justice.

We discuss Ilya Lichtenstein, Heather Reyhan Morgan, what this means for all the Bitfinex tokens, and if it's possible the funds won't be returned to Bitfinex at all.


This episode was record on February 12th, 2022.

Feb 12, 202223:37
Oh, a thing called Wormhole ate $320,000,000? Are you surprised?

Oh, a thing called Wormhole ate $320,000,000? Are you surprised?

Bennett Tomlin and Cas Piancey talk about the recent incredible hack of the cryptocurrency bridge, aptly named, Wormhole. Did $320,000,000 worth of ETH evaporate? Yes. Did Jump Crypto 100% cover that? Also yes.

Feb 08, 202222:27
The US Dollar, Inflation, and Recession (Feat. Travis Kimmel)

The US Dollar, Inflation, and Recession (Feat. Travis Kimmel)

Today Bennett Tomlin and Cas Piancey have the opportunity to chat with THE BEAR LORD - or just Travis, if you prefer - about all things SCARY when it comes to the future of the dollar, yields, cryptocurrency, and the economy as a whole.


Follow Travis on Twitter @coloradotravis


(Recorded on Monday, January 31st, 2022)

Feb 03, 202248:08
Michael and Omar and 0xSifu, oh my!

Michael and Omar and 0xSifu, oh my!

Today Bennett Tomlin and Cas Piancey bring you up to date on an old character in an old story: Michael Patryn - er, should we say Omar Dhanani? Or 0xSifu? It's all up for debate, because on January 27th, 2022, the cofounder of QuadrigaCX, a now defunct Canadian cryptocurrency exchange - reappeared in a big way: by being the chief financial officer and treasurer for one of the biggest decentralized protocols around today.


So now what?


Read the initial thread exposing Michael Patryn here: https://twitter.com/zachxbt/status/1486591682728673282?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Jan 29, 202218:50
The Complex History and Weird Transition of DAOs (Decentralized Autonomous Organizations)

The Complex History and Weird Transition of DAOs (Decentralized Autonomous Organizations)

Bennett Tomlin and Cas Piancey discuss the long, complex, and fraught history of DAOs (or Decentralized Autonomous Organizations) and try to understand the current hype cycle.

Jan 27, 202231:15
Bitcoin's Black Swans (Feat. Doomberg)

Bitcoin's Black Swans (Feat. Doomberg)

Today Bennett Tomlin and Cas Piancey are joined by Doomberg - Twitter and Substack's favorite Little financial Chicken - to discuss Bitcoin's, and cryptocurrency in general's, biggest threats for maximum liquidations and pain (including, but not limited to: Microstrategy, El Salvador, and Tether).


Follow Doomberg on Twitter @Doomberg or subscribe to their Substack at doomberg.substack.com

If you'd like to subscribe to Bennett Tomlin's FUD Letter, please visit https://TheFUDLetter.com/#/portal/ for details.


Note: This episode was recorded on Friday, January 21st, 2022

Jan 24, 202246:34
Poker's Black Friday (Feat. Jason Bral)

Poker's Black Friday (Feat. Jason Bral)

Today Bennett Tomlin and Cas Piancey discuss online Poker's Black Friday - April 15th, 2011 - and it's everlasting effects with Jason Bral, a semi-professional poker player.

Jan 20, 202231:45
Energy Problem in Kazakhstan is an Energy Problem for Bitcoin

Energy Problem in Kazakhstan is an Energy Problem for Bitcoin

Today Bennett Tomlin and Cas Piancey talk about how Bitcoin mining works, why the Bitcoin miners have (mostly) fled China, why the Bitcoin miners moved to Kazakhstan, and how Kazakhstan's spike in in fossil fuel prices and political upheaval has effected Bitcoin.

Jan 13, 202232:44
Elizabeth Holmes, Theranos, and the Future of VC (Feat. Elizabeth Lopatto)

Elizabeth Holmes, Theranos, and the Future of VC (Feat. Elizabeth Lopatto)

Today Bennett and Cas are lucky enough to have the opportunity to discuss the Elizabeth Holmes trial with Elizabeth Lopatto, Deputy Editor of The Verge, who was present for the entirety of the trial.


Please read some of her eye-opening pieces written during and since the end of the trial here:

https://www.theverge.com/2022/1/5/22867505/elizabeth-holmes-guilty-fraud-investing

https://www.theverge.com/2021/12/9/22820995/elizabeth-holmes-theranos-trial-testimony-defense-abuse


Also worth listening to John Carreyrou's podcast, available here:

https://podcasts.apple.com/us/podcast/bad-blood-the-final-chapter/id1575738174

Jan 07, 202246:05
Craig Steven Wright is a Crier and a Flawed (individual)

Craig Steven Wright is a Crier and a Flawed (individual)

Today Bennett and Cas talk about Craig Steven Wright, the self-proclaimed "Satoshi Nakamoto," and lawyer, doctor, ninja, and creator of Bitcoin Satoshi's Vision.

Jan 06, 202232:44
The Silk Road, Bitcoin, and Ross (Feat. Nicholas Weaver)

The Silk Road, Bitcoin, and Ross (Feat. Nicholas Weaver)

For the last episode of 2021 Bennett and Cas are joined by Nicholas Weaver (@ncweaver on Twitter) to discuss the history of the darknet marketplace The Silk Road, which was owned and operated by Ross Ulbricht, who is currently serving a double life sentence without parole, and its association with Bitcoin.

Dec 30, 202142:11
F*ck the SEC, all my friends hate the SEC

F*ck the SEC, all my friends hate the SEC

Today Bennett and Cas rant about the ineffectiveness of the SEC (Securities and Exchange Commission) and its mostly failure fraught 87-year history.

Dec 23, 202124:37
The World is a Ponzi Scheme, You just Live in It

The World is a Ponzi Scheme, You just Live in It

Bennett Tomlin and Cas Piancey talk about the history of Ponzi schemes, the definition of Ponzi schemes, and why they're both pretty tired of hearing everything described as a Ponzi scheme (hint: it's because most things aren't Ponzi schemes).

Dec 16, 202117:20
NFTs, the New Short Killer? No. Definitely Not.

NFTs, the New Short Killer? No. Definitely Not.

Today Bennett and Cas talk about an idea being passed around that NFTs or non-fungible tokens will ruin shorts and change the market forever.


The reality? No. Definitely not.

Dec 09, 202120:42
The El Salvador Bitcoin - Volcano - Bitcoin City Bond

The El Salvador Bitcoin - Volcano - Bitcoin City Bond

Today Bennett Tomlin and Cas Piancey discuss a really interesting and weird idea: the El Salvador Bitcoin Volcano Bonds offered by El Salvador in collaboration with Tether, iFinex, and Blockstream.

Dec 02, 202121:28
Stablecoins will Fork your Chain if they Want to Fork

Stablecoins will Fork your Chain if they Want to Fork

Bennett Tomlin and Cas Piancey talk about the concept that maybe stablecoins play an intimate role in how successful a fork of a major cryptocurrency is or whether the cryptocurrency forks at all.

Nov 18, 202122:58
The Tether Papers (feat. David Canellis of Protos)

The Tether Papers (feat. David Canellis of Protos)

Today we dissect The Tether Papers along with one of the main authors, David Canellis - also the head of the Protos newsroom.

Please follow along at home by reading The Tether Papers here: https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/

Nov 11, 202146:34
The President's Working Group and Algo Stablecoin Woes

The President's Working Group and Algo Stablecoin Woes

In today's episode Bennett Tomlin and Cas Piancey discuss the President's Working Group, which recently released a report on stablecoins, and the issues that the creator of TerraUSD (an algorithmic stablecoin) is facing.

Nov 07, 202124:01
Tracking Tether and Working on Ethereum Layer 2 (with Daniel Goldman)

Tracking Tether and Working on Ethereum Layer 2 (with Daniel Goldman)

Bennett Tomlin and Cas Piancey are joined by a good friend and special guest Daniel Goldman, an engineer working on the Ethereum layer 2 solution called Arbitrum, but who is also a cryptocurrency critic. Daniel helped create a Twitter bot that allowed skeptics to follow any and all Tether prints for years, and without his work the chore of monitoring every large Tether print during the early days would've been an annoying errand. 

Oct 30, 202151:34
Decentralization and Tribalism (featuring Oliver Beige)

Decentralization and Tribalism (featuring Oliver Beige)

Bennett Tomlin and Cas Piancey talk with Oliver Beige, an engineer turned economist, who tell us whether decentralization is sustainable and how tribalism plays a role.

Oct 23, 202140:21
Taiwan and Tether (with Sam Reynolds)

Taiwan and Tether (with Sam Reynolds)

Today Bennett Tomlin and Cas Piancey are joined by Blockworks author Sam Reynolds, a Taipei-based reporter, who discusses the early history of Tether in Taiwan and what can be implied by their issues with their early banking partners.

Oct 16, 202133:02
The Pandora Papers

The Pandora Papers

Bennett Tomlin and Cas Piancey talk about a huge investigative drop from the International Consortium of Investigative Journalists: the Pandora Papers.

The leaks will help the public understand how the rich, famous, and politically connected are able to evade taxes and move money without anyone knowing.

If you'd like to read about the Papers yourself, please visit https://www.icij.org/investigations/pandora-papers/

If you'd like to donate to the ICIJ, please visit https://checkout.fundjournalism.org/memberform?org_id=icij&installmentPeriod=monthly&amount=10&campaign=701f4000001A4kF

Oct 09, 202124:12
Liberty Reserve: the first stablecoin

Liberty Reserve: the first stablecoin

Bennett Tomlin and Cas Piancey review Liberty Reserve - the first stablecoin and the first stablecoin shutdown by US regulators.

Oct 03, 202123:34
Evergrande with David Z. Morris

Evergrande with David Z. Morris

Bennett Tomlin and Cas Piancey are joined, once again, by David Z. Morris, the chief insights columnist at Coindesk, to discuss what's happening with Evergrande, why it matters for other regions and industries, and how the property market on the Chinese Mainland operates.

Sep 27, 202141:49
Cryptocurrency Lending is Too Good to Believe

Cryptocurrency Lending is Too Good to Believe

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."

Sep 12, 202122:41
Remembering Fraud: WorldCom

Remembering Fraud: WorldCom

Bennett Tomlin and Cas Piancey reflect on a fraud that began in the 1980s and ended when the Dot-Com Bubble burst: WorldCom. Are there applicable comparisons to cryptocurrency and securities markets of today? (Hint: Yes.)

Sep 06, 202122:03
C.R.E.A.M. Cumberland Rules Everything Around Me

C.R.E.A.M. Cumberland Rules Everything Around Me

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.

Aug 30, 202126:03
Binance: the Tai Chi Document

Binance: the Tai Chi Document

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

Aug 20, 202126:38
Blockchain Terminal with Robert Green

Blockchain Terminal with Robert Green

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.

Aug 16, 202146:41
Bitcoin

Bitcoin

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

Aug 08, 202120:20
Algorithmic stablecoins and regulation, Part II featuring Frances Coppola

Algorithmic stablecoins and regulation, Part II featuring Frances Coppola

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.

Aug 05, 202123:44
Inflation, deflation, and stablecoins with Frances Coppola (Part I)

Inflation, deflation, and stablecoins with Frances Coppola (Part I)

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.

Aug 02, 202125:32
Crypto Charity - where you donate to random people making promises and get nothing in return

Crypto Charity - where you donate to random people making promises and get nothing in return

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.

Jul 30, 202116:23
From Skeptic to Believer: Preston Byrne on the cryptocurrency ecosystem

From Skeptic to Believer: Preston Byrne on the cryptocurrency ecosystem

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

Jul 26, 202141:23
Stablecoins, CBDCs, and the STABLE Act with Rohan Grey

Stablecoins, CBDCs, and the STABLE Act with Rohan Grey

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

Jul 21, 202140:33
Revisiting Enron with David Z. Morris
Jul 19, 202144:02
Behold the Brash Bunk from Bitfinex and Binance

Behold the Brash Bunk from Bitfinex and Binance

Today Bennett Tomlin and Cas Piancey discuss Cas' trip to Hong Kong in search of the ethereal Bitfinex headquarters, how and why exchanges continue to try to get away with existing nowhere, and what it means for consumers.

Jul 12, 202118:45
BitClout is Bad with David Canellis

BitClout is Bad with David Canellis

Today Bennett Tomlin and Cas Piancey bring on David Canellis, the director of news at Protos Media (https://protos.com) and long time journalist covering cryptocurrency and fintech, to discuss the "decentralized" social media platform BitClout.

We'll talk about its odd origin story, why David thinks it's probably destined to fail, and why it reminds us of so many other projects that never made it out of the 2017/2018 cryptocurrency bullrun.

Jul 05, 202141:33
Regulatory Capture and Regulatory Arbitrage: Sleeping with your Enemy

Regulatory Capture and Regulatory Arbitrage: Sleeping with your Enemy

In this episode Bennett and Cas discuss the concepts of regulatory capture and regulatory arbitrage - systemic problems that aren't unique to any particular industry, but have helped dissolve public trust of regulators and enriched some of the worst companies and individuals.

Jun 30, 202114:19
El Salvador and Bitcoin

El Salvador and Bitcoin

Bennett and Cas try to discuss an intensely complex and controversial topic: what Bitcoin being declared legal tender in El Salvador will mean for the small, Central American country.

Jun 28, 202120:51
This one weird trick will stop you from ever having a bank run!! (never let anyone redeem)

This one weird trick will stop you from ever having a bank run!! (never let anyone redeem)

In this episode, Bennett and Cas discuss the confusing concept of what a "Tether redemption" would look like: an ever-shifting definition built on a stablecoin with an ever-shifting definition of what 1-1 backed by traditional fiat currency means.

Though we haven't seen an actual Tether redemption shown on Twitter, or otherwise, for the world to see, we look forward to someone coming forward with one shortly!

Jun 21, 202119:48
Shillfluencers (and the unspoken financial epidemic)

Shillfluencers (and the unspoken financial epidemic)

In this episode Bennett and Cas discuss what's being termed "shillfluencers," or influencers, celebrities, and other individuals with wealth and power, who use their "influence" to "shill" their investments. There's plenty of people - including billionaires (Elon) and has-beens (Soulja Boy) - who continue to take advantage of their ability to manipulate markets, to the point where it feels like a societal sickness.


But will there be consequences?

Jun 14, 202116:15
Coinbase Media and why Venture Capitalism Hates Journalism

Coinbase Media and why Venture Capitalism Hates Journalism

Bennett Tomlin and Cas Piancey discuss how Coinbase plans on creating a media company to confirm its own version of the facts and report its own version of the truth. Is journalism entering its final death spiral or are VC bros just losing their minds?


Read more here:

https://protos.com/coinbase-crypto-exchange-media-content-marketing-journalism/

https://bennettftomlin.com/2021/05/31/a-rant-about-coinbase-media-and-coinbase-fact-checking/

Jun 07, 202114:33
QuadrigaCX: the Canadian cryptocurrency exchange that just won't die

QuadrigaCX: the Canadian cryptocurrency exchange that just won't die

Bennett and Cas dive into what happened at QuadrigaCX - once the largest Canadian Bitcoin exchange.


If you'd like to read a more detailed piece you can find "Death Fraud" here:


https://medium.com/coinmonks/death-fraud-6920cc93d0a7

Jun 01, 202114:54
Crypto Capital Corp: the quiet billion dollar cryptocurrency scam

Crypto Capital Corp: the quiet billion dollar cryptocurrency scam

Cas and BT discuss Crypto Capital Corp, a defunct, fake, Panamanian money services transmitter that helped service almost every important cryptocurrency exchange, owned and operated by Reginald Fowler, Ivan Manuel Molina Lee, and Oz and Ravid Yosef. 

May 26, 202121:59
Two Pie Charts and a $60 billion Stablecoin

Two Pie Charts and a $60 billion Stablecoin

Today Bennett Tomlin and I go over the recent disclosure by Tether of the make up of its reserves.


If you'd like to read more, please visit:

"For Every $1 in Tether there are $0.03 in Cash"

https://bennettftomlin.com/2021/05/13/for-every-1-of-tether-there-are-0-03-in-cash/


or

"Inside the Great Pie Chart giving Tether its dollar value"

https://protos.com/tether-pie-chart-usdt-dollar-pegged-crypto-stablecoin-dollar-value/

May 15, 202119:22
Zhao Dong: A Summary

Zhao Dong: A Summary

This episode, unfortunately, is absent Bennett. Quick summary of why Zhao Dong ended up being sentenced to prison time in China.


If you'd like to read more:


https://protos.com/renrenbit-zhao-dong-bitcoin-billionaire-pleaded-guilty-money-laundering/


https://medium.com/coinmonks/another-usecase-bites-the-dust-e64ba9b95c6


https://medium.com/coinmonks/zhao-dong-still-matters-heres-why-cff29d6089fd


https://thecaspiancey.medium.com/zhao-dong-the-final-word-e3417eea12f

May 12, 202111:29
Tether Q&A

Tether Q&A

After going through the history and red flags behind Tether and Bitfinex, Bennett Tomlin and I go through some questions from the listeners.

Apr 16, 202136:27
Tether: A Stable Discussion Part II

Tether: A Stable Discussion Part II

In this part of our discussion, Bennett Tomlin and I go over the later problems Bitfinex and Tether encountered, why the New York Attorney General filed an injunction, and what the settlement between iFinex and the NYAG means for the companies and the broader cryptocurrency ecosystem.

Mar 08, 202140:09
Tether: A Stable Discussion

Tether: A Stable Discussion

In this recorded conversation, Bennett Tomlin and Cas Piancey discuss the early history of Bitfinex and Tether and why Tether has outpaced Bitfinex as a growing concern.


Another discussion concerning the NYAG settlement and ongoing skepticism will be addressed in the next conversation.

Mar 04, 202140:18