#29 - Bennett Tomlin: The Tether & Bitfinex Connection

Bennett Tomlin (@BennettTomlin) is the co-host of the podcast Crypto Critics’ Corner, where he breaks down current events in crypto & finance. He is a data scientist who loves to analyze and track down frauds. Bennett also writes a newsletter, the Facts Under Dispute (FUD) Letter, which takes a deep dive into the darkest corners of crypto on a monthly basis. Bennett is a vocal & endearing critic of DeFi, and offers unique and refreshing insight while keeping a close eye on the largest players in the space.

In this episode of Law of Code, Bennett and Jacob discuss the evolution of stablecoins, the relationship between Bitfinex & Tether, and what the future holds for Bitcoin. We also cover:

[1:16] Bennett's Introduction to Bitcoin

[5:05] Crypto Critic's Corner

[10:45] Conducting Crypto Research

[17:00] Danger of Centralized Actors 

[19:10] The Story of Bitfinex & Tether

[32:30] Government Regulation of Stablecoins

[39:33] Consensus, Decentralization & Bitcoin Hard Forks

[45:50] Projects Bennett is Watching 

[50:10] Best Advice: "It's better to ask a dumb question, than to fail to ask it and be dumb" 

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