Charlie Morris

Episode 232: The Past, Present and Future of Money with Ethan Buchman of Cycles @alextapscott @buchmanster @cyclesmoney @informalinc @CMCC_Global 0:00 Introduction 2:36 What is Cycles? Clearing more debt with less money 6:52 Money, barter, and the graph of obligations 11:45 Bootstrapping the network: consortiums vs product-led adoption 14:39 Why privacy matters for onchain business payments 18:01 From crypto trading firms to a global clearing network 23:04 Trade credit, invoice factoring, and unlocking hidden liquidity 28:13 The cold start problem and Cycles Pay 30:23 Float, settlement, and reducing the need for money 32:07 Biology, network flows, and the deeper inspiration behind Cycles 37:03 AI, trust, and the connection between Cycles, Quint, and Informal 40:35 Closing thoughts and where to learn more

Episode 231: Quantum FUD, CLARITY, and the Bank of the Future with Mike Belshe of BitGo @alextapscott @mikebelshe @BitGo @CMCC_Global 0:00 Introduction 1:23 Guest intro: Mike Belshe and BitGo 2:10 Quantum computing risk: what’s real vs hype 5:45 Timeline and urgency: why this is a long-term but growing concern 9:00 Institutional perspective: investor concerns and narratives 10:15 Broader Bitcoin risks: mining, AI, and network dynamics 12:25 Tokenization boom and expanding crypto use cases 14:10 BitGo’s evolution: custody to full market infrastructure 18:20 Market structure risks: custody, leverage, and exchange design 23:00 Why regulation (CLARITY) matters for capital markets stability 26:10 Retail vs institutional protections and custody gaps 30:05 Stablecoin yield debate and incentives 33:10 Crypto vs TradFi: convergence and competitive dynamics 35:30 Will CLARITY pass? politics and probabilities 38:35 Regulation vs innovation: who should decide 40:05 Closing thoughts and outlook

We’re excited to announce the official launch of Rails today. We’ve also raised an additional $14 million USD, bringing our total funding to $20 million to date. With this new capital, we’ll be focused on deepening platform liquidity and scaling up the team ahead of several exciting product launches later this year. One of those launches will introduce core utility for the Rails token, tightly integrated into the platform’s trading and incentive systems. As I often tell the team — who’ve done a fantastic job — this is just the beginning. We’re ambitious, focused, and fully committed to the work ahead. Links below: coindesk.com/business/2025/… fortune.com/crypto/2025/06… decrypt.co/323619/kraken-…