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

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by Patrick O’Shaughnessy

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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Show Notes

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

            32:03 – Bitcoin: A Peer-to-Peer Electronic Cash
System

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

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