How Binance Could Become the First Decentralized Autonomous Corporation - Ep.110

Unchained

Laura Shin

News, Business News, Tech News

4.6 • 1.3K Ratings

🗓️ 12 March 2019

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tushar Jain and Kyle Samani, managing partners of Multicoin Capital, discuss Binance, Binance Chain and BNB token, and why they believe Binance will become the first centralized company to successfully decentralize itself and migrate the value in itself to its token. We cover what Binance, the centralized company has so far achieved in terms of trading volume, fiat on-ramps, and regulatory arbitrage, and whether the company has any more regulatory risk than any other exchange. We also look at the features of Binance Chain, how they compare to other decentralized exchanges such as 0x, and why Multicoin believes that it will have more liquidity than previous dexes. We then explore BNB token — how it works now, the regulatory risk for BNB token, and how it will function on the dex. Finally, we touch on Binance's decentralization strategy overall and how it could fail. Thank you to our sponsor! CipherTrace: https://ciphertrace.com/unchained Episode links: Multicoin Capital: https://multicoin.capital Kyle Samani: https://twitter.com/KyleSamani Tushar Jain: https://twitter.com/TusharJain_ Multicoin Capital BNB report: https://multicoin.capital/2019/02/19/binance-coin-analysis-and-valuation/ Unchained episode with CZ: https://unchainedpodcast.com/how-binance-became-the-most-popular-crypto-exchange-in-5-months-ep-84/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey all, Unchained is doing its annual survey.
0:03.2	Let us know what we're doing well, how we can improve, what you'd like to see more of,
0:07.6	and generally how we can serve you better.
0:09.8	The survey also helps us find sponsors whose products and services would appeal to you.
0:14.0	Plus, participating gives you an opportunity to win unchained merch.
0:18.0	Five randomly selected respondents will receive one free unchained t-shirt or mug your choice. To participate
0:25.5	go to survey monkey.com slash our slash unchained 2023 or check for the link in the show
0:31.9	notes.
0:32.5	Again, that's SurveyMonkey.com slash R slash Unchained 2023.
0:37.7	Thanks again. Hi everyone, welcome to Unchained, your no-hype resource for all things
0:47.0	crypto.
0:48.0	I'm your host, Laura Shin.
0:50.1	I've got one more announcement about my live podcast recording with Vitalik Bhutarin.
0:55.2	We have chosen a venue. On March 20th, Fatolic and I will be on stage at Columbia Journalism School
1:02.3	in the Joseph D. Jamil Lecture Hall on the third floor.
1:06.0	As I said on Twitter, this is especially meaningful for me because I went to Columbia J School
1:10.9	and never imagined when I went there that I'd be holding an event in the same
1:14.8	building 11 years hence. This choice of venue actually has nothing to do with my
1:19.5	alumni status. It is pure serendip, which makes it all the sweeter.
1:25.0	The evening starts at 6 p.m. with food and drinks.
1:28.2	Vitalik and I will start a conversation at 7 and will wrap up around 8.15. There will be a short Q&A at the end, plus a few giveaways,
1:36.8	and we'll round out the night with more drinks and networking until 9 p.m. If you haven't
	...

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