PleaserDAO Sues Martin Shkreli Over Wu-Tang Album

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 13 June 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Yes, the title of this episode is real. NLW provides an update on former President Trump's meeting with Bitcoin miners, and then tells the wild story of a DAO, a formerly jailed pharma CEO, and a secret rap album worth millions. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.3	What's going on, guys? It is Wednesday, June 12th, and today we are talking about PleaserDAO's lawsuit against Martin Schrelli.
0:26.7	It's a fascinating one, trust me. Before we get into that, however, if you are enjoying the breakdown,
0:31.0	please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation,
0:35.9	come join us on the Breakers Discord.
0:41.0	You can find a link in the show notes or go to bit.ly slash breakdown pod.
0:47.1	All right, friends, today we are doing a fascinating story that involves elements of culture and Dow's and some really interesting stuff. But before we do, I wanted to give a quick update
0:52.2	on the continued development and politics around
0:54.8	Bitcoin. Presidential candidate Donald Trump met with Bitcoin mining executives in Mara Lago yesterday
0:59.8	to discuss the industry's strategic importance. Representatives from riot platforms, Clean
1:04.6	Spark, and Terawolf were among the attendees. Matthew Schultz, executive chairman at Clean
1:09.0	Spark said that Trump had told the attendees that he
1:11.1	loves and understands cryptocurrency, claiming that he would be an advocate for minors in the White
1:15.0	House. Jason Les, the CEO of Riot, posted his photo op alongside Trump flanked by American flags,
1:20.0	captioning the photo, very good meeting with President Trump on Bitcoin and U.S. energy dominance.
1:24.9	Following the meeting, Trump posted his big takeaways on truth social, stating,
1:28.6	vote for Trump. Bitcoin mining may be our last line of defense against the CBDC. Biden's hatred of
1:33.2	Bitcoin only helps China, Russia, and the radical communist left. We want all the remaining Bitcoin to be
1:37.6	made in the USA. It will help us be energy dominant. Now again, it is perfectly reasonable. In fact,
1:43.5	it would be unreasonable for Bitcoiners to not question someone's intentions here,, it is perfectly reasonable. In fact, it would be unreasonable for
1:44.8	Bitcoiners to not question someone's intentions here, but it is also undeniable that industry
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