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This Week in Startups

Biden targets big corporations + Tether Investigation with Bitfinex’ed | E1243

This Week in Startups

Jason Calacanis

Technology

4.21.4K Ratings

🗓️ 9 July 2021

⏱️ 76 minutes

🧾️ Download transcript

Summary

Jason covers Biden's executive order seeking to increase competition and weaken the power of Big Tech (2:21). Then, we continue our Tether Investigation with @Bitfinex'ed (18:16), covering how Tether works (36:09), and why he believes there is massive risk to the crypto markets (48:55) & more!

Transcript

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0:00.0

Hey, everybody. Hey, everybody. We've got a great show for you today.

0:02.9

Tether, the stablecoin that we've been talking about in our Tether investigation,

0:07.5

has a longstanding critic. Many of you know this person from their Twitter handle,

0:12.3

BitFinext. They are an anonymous Twitter handle run by a real person who has been riding

0:19.7

Tether for, I think, close to five years. And we talk about the history of Tether,

0:25.8

potential implications of a crash and much more. And he is anonymous. We don't know who he is.

0:31.8

So this is the first time in the history of the program. We have an anonymous guest,

0:35.0

but we know it's from that Twitter handle. But we could be being punked. Who knows who this person is?

0:42.8

But they have been for years. That's what we do know on the Tether story. So take this for what

0:50.6

it's worth. We could be getting punked. This could be somebody inside of Tether who created this

0:55.2

account. I don't know why they would do that. Who knows. It could be a disgruntled employee.

0:59.2

We asked them if they're a disgruntled employee or competitor. They say no.

1:03.0

So you're going to have to take this one buyer beware as our first anonymous ever interview.

1:08.4

But first we're going to talk about Joe Biden's antitrust executive order, which was just signed

1:13.3

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...

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