‘A Fight Worth Having’: A Conversation With Jesse Powell

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 23 November 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Circle and Kraken. On today’s episode of “Grateful for Bitcoin,” NLW is joined by Kraken cofounder and former CEO Jesse Powell. They discuss the fallout from FTX, philosophy, regulations, non-fungible tokens and how the industry can move on in a positive direction. - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses. - Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: Malte Mueller /Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.3	The breakdown is sponsored by nexus.io, Circle, and Cracken, and produced and distributed by CoinDess.
0:22.8	What's going on, guys? It is Tuesday, November 22nd, and today we are back for another
0:27.4	edition of Grateful for Bitcoin. Before we dive in, if you were enjoying the breakdown,
0:32.2	please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper
0:35.7	into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly
0:41.1	slash breakdown pod. All right, friendos, well, here we are day two of Grateful for Bitcoin,
0:46.3	and this is a conversation I'm really excited for. As I mentioned yesterday, Cracken stepped up to
0:51.5	be a partner for the Back to Basics theme throughout the year, which this grateful for Bitcoin series is one of the kickoffs of. Today, I'm thrilled then
0:58.2	to be joined by Jesse Powell, CEO and co-founder of Cracken. Jesse has seen more of this industry
1:03.3	than just about anyone. Even before Bitcoin was created, he was working in orthogonal digital
1:07.9	currency spaces related to online games and in-game currencies.
1:12.0	Jesse began developing Cracken after visiting Mount Gox in the wake of its 2011 security breach
1:16.3	and launched Cracken in 2013. The exchange has long been a stalwart defender of key values in the
1:21.7	space, for example being early to proof of reserves. But they've also done so well evolving with
1:26.4	the new landscape. For example, in 2020, the company became the first digital asset company to receive a U. But they've also done so while evolving with the new landscape. For example,
1:28.0	in 2020, the company became the first digital asset company to receive a U.S. bank charter. They've
1:32.5	integrated lightning and so much more. So with that, join me in welcoming to the show, Jesse Powell.
1:39.2	All right, Jesse, welcome to the breakdown. It's great to have you, sir.
1:42.3	Hey, thanks for having me. I am so excited that after all of this chaos, you agreed to come and do a show entirely
1:48.7	about late 1990s Magic the Gathering and not talk about crypto at all. I'm really excited
	...

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