The 5 year phase in for the minimum wage increase for tipped workers goes into effect. A new program offers driver’s licenses to undocumented immigrants. Plus, alderpeople react to President Biden’s debate performance.
Reset gets the latest from City Hall.
For a full archive of Reset interviews, head over to wbez.org/reset.
Jose Macedo of Delphi Digital and Ari Paul of BlockTower Capital talk about why a crypto asset can have wildly different prices in the public and private markets, and how they try to figure out what it’s really worth.
The problem of low float, high fully diluted valuation (FDV) coins is one that is frequently discussed in crypto. But there’s another wrinkle: investors need to understand the unrealized gains of these coins to really understand the price.
In this episode, Jose Macedo of Delphi Digital and Ari Paul of BlockTower Capital explain the various metrics that reveal what a coin is really worth, why a wave of token unlocks that will be hitting the crypto markets in the next few years are not bullish, and whether there is a better way to design token unlocks for teams and insiders.
Plus, they cover whether venture capitalists are extractive to crypto, whether these games with circulating supply and FDV have caused investors to turn to memecoins, and why they believe the ICO era was better for retail investors.
Show highlights:
Why upcoming token unlocks are creating market jitters
How the ratio of unrealized gains to market cap influences token price movements
How some token projects manipulate their reported circulating supply
Whether and how everyday investors can uncover the truth about token projects
What secondary market trading says about the potential impact of upcoming token unlocks
Why Jose believes that the current token launch strategy, despite its flaws, is still favored by insiders and unlikely to change soon
Why some projects favor decisions that are more likely to result in short-term gains over long-term success
Why Jose believes that simple time-based token unlocks often work better than complex metrics, and how projects can balance funding with realistic success metrics
Why Ari believes the SEC's investigations into VCs for acting as securities dealers might be justified, and how these practices resemble pump-and-dump schemes
With numerous token unlocks looming, why the outlook is bearish for many projects, and what challenges they face in mitigating potential sell-offs
Why many crypto investors might end up holding the bag in the current cycle, despite plans to sell early and avoid losses
What the future role of VCs is in crypto, and how the influx of token unlocks and the rise of memecoins could shape the bull cycle
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.
The Supreme Court's presidential immunity ruling will have a profound effect on the power wielded by future American presidents. The White House has proposed new rules to protect workers from extreme heat, and a devastating ransomware attack on U.S. and Canadian car dealerships is the latest in an ongoing global crisis.
Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.
Today's episode of Up First was edited by Krishnadev Calamur, Sadie Babits, Andrew Sussman, HJ Mai, Janaya Williams and Olivia Hampton. It was produced by Ziad Buchh, Ben Abrams and Lindsay Totty. We get engineering support from Hannah Gluvna. And our technical director is Zac Coleman.
William Saunders is an ex-OpenAI Superallignment team member. Lawrence Lessig is a professor of Law and Leadership at Harvard Law School. The two come on to discuss what's troubling ex-OpenAI safety team members. We discuss whether the Saudners' former team saw something secret and damning inside OpenAI, or whether it was a general cultural issue. And then, we talk about the 'Right to Warn' a policy that would give AI insiders a right to share concerning developments with third parties without fear of reprisal. Tune in for a revealing look into the eye of a storm brewing in the AI community.
As heatwaves become more frequent and intense, they exacerbate existing inequalities. The poor, sick and elderly are particularly vulnerable. How should governments respond? Universities depend on the high fees international students pay. Now Indian scholars are replacing the diminishing flow of Chinese ones (10:00). And full-body deodorant is all the rage: find out if you should be using it (16:15).
Bit of a special schedule this week, for reasons that I over-explain in the first 5 minutes of this episode. But it's good reasons! Hope you enjoy.
This is a part 1 of an extremely good Gavel Gavel episode. If you are a Gavel Gavel patron, you can listen to the full version in that feed now! Otherwise, stay tuned for part 2 tomorrow, with special guest Ashleigh Merchant!
Watch this episode on YouTube. In this episode, Vic and Mary Katharine taste test a variety of canned cocktails to find the best ones for your Fourth of July celebrations. They share their candid reviews to help you pick the perfect drink for your holiday festivities.
Are Labour right about employment? Are the Conservatives right about cutting NHS managers? Are the Lib Dems right about share buyback? Are Reform UK right about their tax plans?
How do they make the exit poll so accurate?
What are the odds of meeting a very tall man in finance (with a trust fund)?
What does it mean that Roger Federer only won 54% of the points he played?
Tim Harford investigates some of the numbers in the news.
Presenter: Tim Harford
Reporter: Kate Lamble
Producers: Nathan Gower, Beth Ashmead Latham and Debbie Richford
Series producer: Tom Colls
Production coordinator: Brenda Brown
Sound mix: Rod Farquhar
Editor: Richard Vadon
