Genesis Meltdown Exposes DCG | Nic Carter

In this episode of Empire's Weekly Roundup, we bring on Nic Carter to discuss if Genesis and DCG can fix their liquidity issues and avoid bankruptcy. We explore how Genesis overextended its books with asset-liability duration mismatches, how FTX's fallout exposed the DCG Empire and what to expect next. Nic then walks us through his framework on institutional adoption, Bitcoin's long-term outlook, proof-of-reserves and more!
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Timestamps
(00:00) Introduction
(00:58) Genesis Meltdown Exposes DCG
(20:10) Bitcoin Miner Blood Bath & BTC’s Outlook
(34:03) Proof-of-Stake vs Proof-of-Work
(36:05) What Looks Interesting Right Now?
(39:05) How Has Institutional Adoption Been Affected?
(42:20) The Future of Solana
(47:37) The Off-Shore Exchange Thesis
(50:05) Proof-of-Reserves
(56:20) Where Nic and His Business Partner Disagree
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Follow Nic: https://twitter.com/nic__carter
Follow Jason: https://twitter.com/JasonYanowitz
Follow Santi: https://twitter.com/santiagoroel
Follow Empire: https://twitter.com/theempirepod

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Circle’s USDC has quickly become one of the most trusted and widely used stablecoins because of its composability, stability and reserve transparency. As a seamless, trusted digital currency, USDC is a zero-to-one opportunity for the global financial system. Check out their Transparency Hub at http://empirepodcast.link/circle that outlines everything from links to USDC weekly reserve reports, monthly attestations, and blog posts written by their executive team highlighting how and why USDC was built the way it is.
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Resources

On The Brink podcast
http://bit.ly/3TWTnxz

Castle Island Ventures
https://www.castleisland.vc/

Nic Carter's blog and website
https://niccarter.info/

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode of Empire's Weekly Roundup, we bring on Nic Carter to discuss if Genesis and DCG can fix their liquidity issues and avoid bankruptcy. We explore how Genesis overextended its books with asset-liability duration mismatches, how FTX's fallout exposed the DCG Empire and what to expect next. Nic then walks us through his framework on institutional adoption, Bitcoin's long-term outlook, proof-of-reserves and more!

--

Timestamps

(00:00) Introduction

(00:58) Genesis Meltdown Exposes DCG

(20:10) Bitcoin Miner Blood Bath & BTC’s Outlook

(34:03) Proof-of-Stake vs Proof-of-Work

(36:05) What Looks Interesting Right Now?

(39:05) How Has Institutional Adoption Been Affected?

(42:20) The Future of Solana

(47:37) The Off-Shore Exchange Thesis

(50:05) Proof-of-Reserves

(56:20) Where Nic and His Business Partner Disagree

- -

Follow Nic: https://twitter.com/nic__carter

Follow Jason: https://twitter.com/JasonYanowitz

Follow Santi: https://twitter.com/santiagoroel

Follow Empire: https://twitter.com/theempirepod

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

--

Circle’s USDC has quickly become one of the most trusted and widely used stablecoins because of its composability, stability and reserve transparency. As a seamless, trusted digital currency, USDC is a zero-to-one opportunity for the global financial system. Check out their Transparency Hub at http://empirepodcast.link/circle that outlines everything from links to USDC weekly reserve reports, monthly attestations, and blog posts written by their executive team highlighting how and why USDC was built the way it is.

- -

Resources

On The Brink podcast

http://bit.ly/3TWTnxz

Castle Island Ventures

https://www.castleisland.vc/

Nic Carter's blog and website

https://niccarter.info/

- -

Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.