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The Breakdown

The Breakdown Weekly Recap | May 9 2020

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 9 May 2020

⏱️ 132 minutes

🧾️ Download transcript

Summary

The week's complete show run in one convenient file.  Monday | Why Buffett’s Bearishness Should End V-Shaped Recovery Talk Tuesday | Why Crypto Matters for Financial Inclusion, Feat. Celo's Marek Olszewski Wednesday | Surveying the Carnage: How Real Estate, Travel and Music Are Faring During the Crisis Thursday | 9 Reasons Why Bitcoin Has Never Been Stronger Going Into A Halving Friday | The Rise Of The Dollar Killers, Feat. Niall Ferguson & More [Money Reimagined - Part 2]

Transcript

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0:00.0

Welcome back to The Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW.

0:15.0

The Breakdown is distributed by CoinDesk.

0:20.0

Welcome back to the breakdown.

0:22.3

It is Saturday, May 9th, and this week, as every week, I am bringing you the full compilation

0:28.2

of the week's episodes all put together for a convenient single-run listen.

0:35.0

Before I do that, I like to give just a little bit of a sense of maybe what

0:39.4

happened this week. And I have to start with the bad news first. But there will be good news,

0:44.6

don't worry. The bad news is that it's becoming increasingly clear that rather than using this

0:51.0

time of shutdown to actually get our medical system to where it needed to be

0:56.1

and our ability to test to where it needed to be, we've just kicked this can endlessly down the

1:01.5

road debating stupid things like when to open up rather than how, and we're going to pay the

1:06.4

price. We are going to go through a long, painful process of fits and starts of fake reopening and

1:12.8

closings and shutdowns and expect this forever, basically now, or at least for the foreseeable

1:17.8

future, because we simply haven't done the actual hard work of figuring out how to solve this

1:23.8

crisis.

1:24.7

It's immensely frustrating.

1:26.5

It's incredibly disheartening, and it sucks. So that's the

1:30.7

bad news. The bad news is that we have just failed mightily in our obligation to our people to actually

1:37.5

be able to address a virus. Second, though, and this is the good news, for those who are in the Bitcoin and Crypto community,

1:46.1

the Bitcoin halving excitement has fully taken hold. The halving is anticipated on Monday evening.

1:53.4

It is the four-year or every four-year event during which the Bitcoin Block Reward subsidy gets

2:00.3

reduced by half, meaning even more intense

...

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