My guest today is Chad Cascarilla, the CEO and co-founder of Paxos, which
describes itself a a financial technology company “mobilizing assets at the
speed of the internet.“ 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 crypto currencies and more about the history, current state, and potential future states of our financial system. Please enjoy.
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1:32 – (First Question) – His work in the finance world before crypto’s
5:12 – Experience navigating the subprime mortgage trend and what it taught him about blockchain
9:59 – The levers that matter in the financial services industry today vs when he first started
14:07 – Open vs closed money in financial services
19:16 – How slowdowns are different in the modern era
23:06 – What would lead to a major winding down of global debt
27:09 – What would be his focus as a traditional investor
29:21 – How he first got involved with bitcoin
29:47 – Elliott Wave Newsletter
31:53 – His measured view of Bitcoin and living through the volatility of it
35:57 – Allocation of a portfolio which includes crypto
36:54 – His involvement and feelings on gold
37:56 – The formation of Paxos and the problem it exists to solve
41:34 – How Paxos is impacting the space
44:12 – Advantages of a private blockchain
43:59 – What is Pax Gold and how does it work
48:53 – Bad ways and situations to own gold
52:12 – Using a stable coin
56:00 – Biggest problem they are working on now
57:23 – What should people be paying attention to in the crypto currency space
59:23 – Coindesk Research Archive
59:39 – Has the influx of interest in crypto helped in other spaces
1:02:11 – Other lessons people should learn from his career
1:04:53 – Kindest thing anyone has done for Chad