BREAKDOWN: The Weaponization of the Banking System

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 29 August 2021

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

A reading from Nic Carter shows how payments became a tool of policy. This episode is sponsored by NYDIG. On this edition of Long Reads Sunday, NLW reads Nic Carter’s latest for CoinDesk “OnlyFans Shows How the Banking System Is Politicized.” The piece provides the history of Operation Choke Point and how the legacy of financial weaponization persists to today. - NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW. - “The Breakdown” is written, produced by and features NLW. Today’s episode was edited by Michele Musso and Rob Mitchell. 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 “Tidal Wave” by BRASKO. Image credit: Peter Dazeley/The Image Bank/Getty Images, modified by CoinDesk. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:53.8	Welcome back to The Breakdown with me, NLW.
0:58.8	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:05.9	The breakdown is sponsored by Nidig and produced and distributed by CoinDes.
1:12.3	What's going on, guys? It is Sunday, August 29th, and that means it's time for Long
1:17.2	Reads Sunday. And look, I'm a simple guy. I've got simple tastes. When Nick Carter writes
1:23.3	a new opinion piece, especially one that's about the history of the weaponization of the financial
1:28.2	system. You better believe that's what we're reading for Longread Sunday. I don't need a big intro on
1:34.0	this one. You know all you need to know. This is OnlyFans shows how the banking system is politicized
1:39.6	by Nick Carter, published by CoinDesk. Recently, the noted content subscription service OnlyFans announced a move away from sexual content.
1:49.3	Specifically, the platform announced a ban on explicit and sexual content while still
1:53.3	permitting some more innocuous nude content.
1:56.1	The move raised eyebrows, only fan banning sexual content is like a lion, announcing
	...

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