Where Europe Fits In a Tech-Powered World

The Breakdown

Blockworks

Business, Investing

4.8 • 806 Ratings

🗓️ 3 April 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Arculus and FTX US. On this edition of “Long Reads Sunday,” NLW reads: On the EU Giving Up - Punk6529 Crypto Should Disrupt Current Anti-Money Laundering Practices, Not Adopt Them - Boaz Sobrado - From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Rob Mitchell and Eleanor Pahl, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: artJazz/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Sunday, April 3rd, and that means it's time for Long
0:28.1	Reads Sunday. Before we get into that, however, if you were enjoying the breakdown,
0:32.4	please go subscribe to it, give it a rating, give it a review, or if you want to dig
0:37.0	deeper into the
0:37.7	conversation, come join us on the Breakers Discord. You can find a link in the show notes or go
0:42.6	to bit.lea slash breakdown pod. Also a disclosure as always, in addition to them being a sponsor
0:49.3	of the show, I also work with FTX. All right, so for this long read Sunday, we are doing a combo.
0:57.8	We're going to read one thread and then one written essay.
1:00.9	And they both kind of come out of this discussion that we've been having around the European
1:06.3	Union and the European parliaments vote this week to add new pretty cumbersome AML rules to
1:12.8	unhosted wallets. The first is a thread from the one and only punk 6529. It's called on the EU
1:20.8	giving up. I watched a panel on AI and machine learning at a conference hosted by the European
1:26.7	Commission. Nine people on the
1:28.7	panel. Everyone agreed that the USA was 100 miles of the EU and machine learning and China was 99
1:33.8	miles ahead, except for those who believed that China was 100 miles ahead of the EU and the USA 99 miles
1:40.2	ahead. In any case, everyone agreed that in the most important technology of the 21st century,
1:45.6	the EU was not on the map. The last person on the panel was an entrepreneur. He noted that the
1:51.4	EU had as many AI startups as Israel, a country 150th the size. And, by the way, two-thirds of those
1:58.2	were in London that was heading out of the door due to Brexit.
	...

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