Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Friday, May 5th, and today we are catching up on all of the

crypto shenanigans this week. Before we dive into that, a couple quick notes. First of all, if

you're enjoying the breakdown, I bet you would like Bitcoin builders. It's my show all about the cool

entrepreneurial energy that is swirling around Bitcoin in a huge and growing way.

This week we talked to Des Dickerson from Thunder Games, and I have another interview coming out

in just a day or so as well. If you want to check it out, you can find a link to the podcast

at breakdown.network. Second, if you want to be talking about the big picture power shifts

impacting our world, come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown

pod. All right, friends, well, tomorrow we will have an interview on this show, an interview that

I'm very excited about, a guest who I am talking about, the end of consensus reality with.

So today we're kind of doing what I would have done on the

weekly recap. And in that light, this was a fairly archetypal week for 2023, right? We had

some crypto government intrigue. We had some crypto companies moving offshore. We had some

great community debates. We had another bank fail. All in all, it was very crypto-ish. Let's start with the latest

anti-government sentiment. This, of course, came in the form of Dame. Now, Dame, for those of you who

missed my show on it, was the digital asset mining excise tax, and it was announced by the

Council of Economic Advisers for the White House on Tuesday.

Their Twitter threat announcing it says,

Crypto-mining is a process for validating transactions among holders of crypto assets.

While crypto assets are virtual, the energy used is very real and imposes substantial costs.

...