The podcast explores the implications of stablecoins in international politics, particularly in Venezuela, where they are used to circumvent sanctions. The discussion covers the Contigo scandal, highlighting the moral and legal quandaries of enabling dollar access in sanctioned countries, and the role of stablecoins in evading government controls. The panel also debates insider trading in prediction markets, using the example of someone profiting from advance knowledge of Maduro's capture. They consider whether such markets should be regulated and the challenges of defining insider trading in this context. Finally, the podcast analyzes governance drama within Zcash, focusing on a team split over whether to take Zashi private, and the broader trend of crypto projects moving away from foundation-based structures.
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