Chad Cascarilla The Future of Blockchain and Financial Services - [Invest Like the Best, EP.145]

Published: Oct. 29, 2019, 9:30 a.m.

b'My guest today is Chad Cascarilla, the CEO and co-founder of Paxos, which describes itself as a financial technology company \\u201cmobilizing assets at the speed of the internet.\\u201c Thanks to more than 20 years of investing and financial services experience, Chad has a unique perspective on integrating blockchain technology with traditional systems. He also has one of my favorite bitcoin origin stories, which we explore. Before Paxos, Charles co-founded institutional asset management complex Cedar Hill Capital Partners in 2005 and its blockchain-focused venture capital subsidiary, Liberty City Ventures (LCV). Our conversation is less about cryptocurrencies and more about the history, current state, and potential future states of our financial system. Please enjoy.\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag\\n \\xa0\\n Show Notes\\n 1:32 - (First Question) \\u2013 His work in the finance world before crypto\\u2019s\\n 5:12 \\u2013 Experience navigating the subprime mortgage trend and what it taught him about blockchain\\n 9:59 \\u2013 The levers that matter in the financial services industry today vs when he first started\\n 14:07 \\u2013 Open vs closed money in financial services\\n 19:16 \\u2013 How slowdowns are different in the modern era\\n 23:06 \\u2013 What would lead to a major winding down of global debt\\n 27:09 \\u2013 What would be his focus as a traditional investor\\n 29:21 \\u2013 How he first got involved with bitcoin\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 29:47 \\u2013 Elliott Wave Newsletter\\n 31:53 \\u2013 His measured view of Bitcoin and living through the volatility of it\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 32:03 \\u2013 Bitcoin: A Peer-to-Peer Electronic Cash System\\n 35:57 \\u2013 Allocation of a portfolio which includes crypto\\n 36:54 \\u2013 His involvement and feelings on gold\\n 37:56 \\u2013 The formation of Paxos and the problem it exists to solve\\n 41:34 \\u2013 How Paxos is impacting the space\\n 44:12 \\u2013 Advantages of a private blockchain\\n 43:59 \\u2013 What is Pax Gold and how does it work\\n 48:53 \\u2013 Bad ways and situations to own gold\\n 52:12 \\u2013 Using a stable coin\\n 56:00 \\u2013 Biggest problem they are working on now\\n 57:23 \\u2013 What should people be paying attention to in the crypto currency space\\n \\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0 59:23 \\u2013 Coindesk Research Archive\\n 59:39 \\u2013 Has the influx of interest in crypto helped in other spaces\\n 1:02:11 \\u2013 Other lessons people should learn from his career\\n 1:04:53 \\u2013 Kindest thing anyone has done for Chad\\n \\xa0\\n Learn More\\n For more episodes go to InvestorFieldGuide.com/podcast.\\xa0\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub\\n Follow Patrick on twitter at @patrick_oshag'