Narrative Watch: The Hunt for Crypto's Killer App | January 13th 2020
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 13 January 2020
⏱️ 22 minutes
🧾️ Download transcript
Summary
Starting today, accredited investors will be able to part of $13.5m in tokenized bonds connected to the contract of Brooklyn Nets Point Guard Spencer Dinwiddie. The first-of-its-kind offering took months of negotiation with the NBA but marks a seminal moment for both crypto and the larger idea of Income Share Agreements.
In this podcast, we discuss how big a deal Dinwiddie’s offering is and whether Income Share Agreements could be a breakout use case for crypto. We also discuss other contenders for “crypto killer app,” including undercollateralized DeFi loans and NFT-based games. Finally, we discuss whether crypto’s actual killer app has already arrived - in the form of using bitcoin to escape local political and economic controls.
Topics Discussed:
Spencer Dinwiddie tokenizes $13.5m NBA contract
What Income Share Agreements have to do with crypto
Bitcoin’s mainstream use case isn’t mainstream
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Transcript
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| 1:03.7 | Welcome back to the breakdowndown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW. |
| 1:07.1 | The Breakdown is distributed by CoinDesk. |
| 1:12.6 | Welcome back to The Breakdown. It is Monday, January 13th, and today is a narrative watch around income share agreements |
| 1:18.5 | tokenization and the hunt for crypto's killer app. |
| 1:22.7 | So this was inspired by the fact that today is the launch of Spencer Dinwiddie's tokenized bond for his NBA contract. |
| 1:33.0 | So Spencer Dinwiddie plays for the Brooklyn Nets. |
| 1:35.7 | He has been working to tokenize his contract for months now. |
| 1:39.7 | And after tons of negotiation and really kind of unfortunately a neutering of what he was going for. |
| 1:46.2 | He has been able to push forward a tokenized bond on Ethereum that represents something |
| 1:51.7 | really interesting in the context of how fans might relate to athletes and just we think about |
| 1:57.8 | the way that people participate in the success of others around them. |
| 2:01.0 | The other part of this, though, is that on this morning's Masari Newsblast, Ryan Selkis wrote |
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