LAL Live Part 1: Jimmy Vallee Returns + Cryptocurrency and Blockchain (NPS June 9)
Law and Legitimacy
English - June 10, 2022 11:40 - 46 minutes - 43 MB - ★★★★ - 57 ratingsPhilosophy Society & Culture Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Norm is joined in the first hour by Jimmy Vallee, Managing Principal of Valhill Capital.
Jimmy joined the Norm Pattis Show a few weeks ago, but the two were cut off. Norm invited Jimmy back for a more robust discussion.
The two discuss the fundamentals of cryptocurrency, from function and technoligy, to the general ambition of blockchain development.
Jimmy has been very active in the securities side of cryptocurrency, specifically with Ripple, negotiating with the Securities and Exchange Commission about how these sorts of use cases should be regulated.
Hear how the regulatory environment is developing and how that will inevitably lead to the demise of many less reliable tokens and coins.
Regulation is said to be done in the public interest and for the public good. Norm asks whether and why the regulation is necessary. Jimmy discusses the opportunities for fraud via the "pump and dump" model and other examples.
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