BREAKDOWN: Bitcoin Fixes This – Canada Protest Edition
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 15 February 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
As the Canadian government claims emergency powers, people are discussing the implications for financial freedom.
This episode is sponsored by Nexo, Arculus, and FTX US.
Today on “The Breakdown,” NLW digs into the recent news from Canada. Specifically, he looks at the activation of the Emergencies Act which, among other things, will allow banks and financial institutions to freeze the funds of citizens suspected to be involved in the protests – without due process and without liability. The action is drawing serious ire and shining a light on the importance of alternative financial systems.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Gavin John/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Part of being in a democracy, like the political system we theoretically have, is that you are allowed to protest. |
| 0:06.9 | Now, if you protest and you break laws while doing it, you get arrested and you stand trial. |
| 0:10.8 | That's how this works. |
| 0:12.3 | You don't get threatened with extrajudicial seizure of your financial assets. |
| 0:16.6 | And it matters beyond just this protest because one of the bedrocks of why Western economies are so |
| 0:21.1 | important to the world is the rule of law, the rule of law which does not allow for this type |
| 0:26.2 | of asset seizure. |
| 0:28.7 | Welcome back to The Breakdown with me, NLW. |
| 0:32.9 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:38.7 | The breakdown is sponsored by nexo.io, Arculus, and FTX, and produced and distributed by CoinDesk. |
| 0:46.5 | What's going on, guys? It is Tuesday, February 15th, and today we are talking about Bitcoin fixing this Canada Truckers Edition. |
| 0:55.5 | Before we get into the meat of this show, however, if you are enjoying the breakdown, please go subscribe to it wherever you listen |
| 1:00.3 | to podcasts, give it a rating, give it a review, or if you want to get deeper into the conversation, |
| 1:05.2 | come join us on the Breakers Discord. You can find a link in the show notes, or you can go to |
| 1:09.9 | bit.ly.ly slash breakdown pod. |
| 1:13.5 | Finally, a disclosure, as always, in addition to them being a sponsor, I also work with FTX. |
| 1:19.5 | So if you've been on Twitter at all in the last 24 hours, you will know that there is basically |
| 1:24.9 | just one topic of conversation, the Canada Truckers |
| 1:28.1 | protest, or more specifically, the decision by Canadian Prime Minister Justin Trudeau |
| 1:32.4 | to invoke the up to now never-used emergencies act to give his government more power to deal with |
| 1:37.6 | the protests, specifically around their finances. There is a ton to unpack here, but let's do |
| 1:43.3 | the TLDR on the protests themselves. |
... |
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