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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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Stablecoins, then and now. Host Rex Kirshner sits down with Sam Kazemian, founder of Frax, to trace the anthropology of stablecoins from seigniorage-share thought experiments and DeFi flywheels to today’s issuer platforms, “genius-compatible” collateral, and vertically-integrated payment rails. They unpack lessons from the Terra collapse, why Frax split payment vs. yield-bearing units (FRAX vs. sFRAX), and how issuance partnerships became the new Curve wars.
The second half gets spicy: stock (TVL/yield) vs. flow (payments/settlement) business models, whether branded stables like Hyperliquid’s USDH make sense, and a pragmatic take on CBDCs (“good” vs. Orwellian versions), exit/rage-quit guarantees back to credibly neutral chains, and what real decentralization must withstand—both technically and societally.
5 episodes
