BREAKDOWN: Why Proof-of-Reserves Now
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 13 November 2022
⏱️ 13 minutes
🧾️ Download transcript
Summary
After the events of this week, exchange reserve attestations seem more urgent than ever.
This episode is sponsored by Nexo.io and Circle.
On this edition of “Long Reads Sunday,” a reading of Nic Carter’s 2020 essay “How to Stop the Next Quadriga: Make Exchanges Prove Their Reserves.”
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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.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell 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 “War” by Enoch Yang. Image credit: Alex_Doubovitsky/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:40.8 | Start your free 30-day trial at audible.com slash Wondery UK. |
| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:53.9 | Welcome back to The Breakdown with me, NLW. |
| 0:59.0 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:05.0 | The breakdown is sponsored by nexo.io and circle and produced and distributed by CoinDesk. |
| 1:12.5 | What's going on, guys? It is Sunday, November 13th, and that means it's time for Long |
| 1:17.3 | Read Sunday. Before we get into that, however, if you are enjoying the breakdown, please go |
| 1:21.6 | subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the |
| 1:25.1 | conversation, come join us on the Breakers Discord. |
| 1:31.2 | You can find a link in the show notes or go to bit.ly slash breakdown pod. |
| 1:36.0 | All right, folks, well, I am coming back from South America finally, not like anything happened while I left the country. |
| 1:37.4 | And so I'm doing Long Read Sunday a little early this week. |
| 1:40.1 | I'm recording it on Wednesday. |
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