Our hosts David and Phil Ngo take Episode 17 to go back to updating our audience on crypto! 

Prices going back up! Thanks George Soros. (0:53).

China bans crypto... again. It is much more severe this time around though (3:51).

Opportunities for China have now moved elsewhere, like miners (6:15).

Blockchain can be used for good, but also for bad. It's the best surveillance & control tool on one end, but the most public transparent ledger for accountability (7:31).

People will always get what they want. Laws are only a barrier, but people are good at finding their way around things (9:40).

Government regulation is coming. An opportunity for the US to get it right. The SEC Chairman Gary Gensler is not planning to ban crypto (10:54).

Senator Elizabeth Warren has always been ignorant from the start about crypto (13:13).

Are regulations made to economically discriminate against poorer people or does it actually protect them? (15:58).

Accredited investor requirements in Canada and investing in startups (18:25).

Crypto has created millionaires and is arguably, the best wealth redistributor in modern history because anyone with the educational foresight had the opportunity participate freely, rather than being discriminated against based on their socioeconomic status (21:03).

Working for labour vs working for capital (23:43).

What is the Ethereum Merge? (27:05).

What the the Merge do to the economics of Ether supply? (30:04)

The Twitch Hack (34:32).

Shownotes:

Bankless Podcast 57 Ultra Sound Money | Justin Drake:
https://www.youtube.com/watch?v=bWqhn1hXvVc
https://open.spotify.com/episode/4uDTV0m5w5D7rKyO3kNIDC?si=98973b30e0944dc6

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