BREAKDOWN: #SupplyGate and the Battle to Frame Crypto’s Next Bull Run
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 12 August 2020
⏱️ 30 minutes
🧾️ Download transcript
Summary
Why the ether supply dust-up was about much more than the supply of ether.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today on the Brief:
- WSJ study finds TikTok was tracking data in a way that broke Android rules
- The latest Core Inflation statistics
- MicroStrategy stocks pops 10% after cash to bitcoin announcement
Our main discussion: What’s the Ethereum #SupplyGate really about
NLW breaks down:
- The historical narratives bitcoiners and ether advocates hold relative to one another
- The history of dominant narratives in crypto over the last three years
- Why the next bull market is poised for a twin narrative combining bitcoin as a hedge against fiat debasement and DeFi as a money-making sandbox
- What happened with #SupplyGate
- Why #SupplyGate is as much about narrative competition as it is about the supply of ether
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Transcript
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| 0:49.8 | First, when it comes to Bitcoin, if we thought there was product narrative fit before, |
| 0:54.9 | oh my God. Could there be anything more profound than having your programmatic, |
| 1:00.9 | predictable, planned supply reduction happen at the same time that MoneyPrinter go burr and |
| 1:07.5 | that meme takes over the world in the context of the COVID response. On the other hand, |
| 1:12.9 | we have this financial sandbox doing stupid crazy things that would make the Wolves of Wall |
| 1:17.9 | Street's mouthwater if they knew what the hell all these terms actually meant. So this gets us to |
| 1:23.6 | the battle. Welcome back to The Breakdown with me, NLW. |
| 1:29.7 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:35.9 | The breakdown is sponsored by crypto.com, BitStamp, and nexo.io, and produced and distributed by CoinDesk. |
| 1:45.0 | What's going on, guys? It is Wednesday, August 12th, and we're doing it. We're talking |
| 1:50.4 | Supply Gate, although this time it's going to be in the context of a bigger narrative battle |
| 1:55.6 | that I see emerging as crypto moves into a new bull market. First, however, let's do the brief. First up on the brief |
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