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The Peter McCormack Show

INX: Legitimate Token or S***coin? With Alan Silbert, Jameson Lopp & Samson Mow - WBD256

The Peter McCormack Show

Peter McCormack

Politics, Society, Markets, News, Society & Culture, Technology, Inflation, Finance, Economics, Government, Power, Bitcoin, Money

4.72.8K Ratings

🗓️ 1 September 2020

⏱️ 93 minutes

🧾️ Download transcript

Summary

Location: Squadcast Date: Monday 31st August Company: INX, Casa, Blockstream Role: Executive Managing Director, CTO, Chief Strategy Officer

Last week INX launched their token offering, a first of its kind, a security token approved by the US Securities and Exchange Commission.

INX is a trading platform bringing regulated and digital asset opportunities to institutions and retail investors. Their token offering allows investors to gain pro rata distributions from the companies cumulative adjusted operating cash flow. Controversially the token was launched on the Ethereum blockchain.

The project already has its detractors and critics, with the advisory board catching direct criticism with accusations of hypocrisy, specifically Jameson Lopp and Samson Mow.

While many Bitcoiners have expressed their opinions against the project, others have thrown their support behind it, believing that INX is a legitimate use of a token.

In this interview, I talk to Alan Silbert, Jameson Lopp and Samson Mow about the launch of INX. We discuss why they chose to tokenise on Ethereum, what makes something a shitcoin and the key criticisms directed towards them.


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Transcript

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0:00.0

ICOs and those kind of scams have poisoned the well to the point where people can't really, they can't really tell what is a real business and what is enough. We could live for a thousand years.

0:18.0

Hello there from Bedford, UK, the Mecca of Bitcoin.

0:21.1

How are you all?

0:22.1

Welcome to the What Bitcoin did

0:23.2

podcast, which is brought to you by the mighty Cracken, the best place to buy

0:26.9

sell and trade Bitcoin. I'm your host Peter McCormack, and today I've got an

0:30.4

interview with Alan Silbert, Jamesham Lop, and Samson Mao, where we talk about

0:34.7

IANX and their recent token offering. But before that, I do have a message from my show sponsors.

0:39.6

So first up today we're going to welcome back. Least Authority is a sponsor for the podcast.

0:44.8

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0:47.0

the builders creating the applications.

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...

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