Tyler and Cameron Winklevoss on Being the 'Fastest Tortoise in the Race'

Episode 103

Gemini's Tyler and Cameron Winklevoss, who serve as chief executive and president, respectively, discuss their new ad campaign -- what they mean when they say crypto needs rules, why they agree in certain respects with some of their critics, and what the general reaction has been. They discuss why they launched a stablecoin, why they chose the stablecoin structure of dollar reserves and GUSD's role in an arbitrage involving a Chinese exchange and a competing stablecoin. They also explain how they intend to make a Bitcoin ETF a reality, what they think of SEC Commissioner Hester Peirce's dissent and what they intend for the Virtual Commodity Association. Plus, the brothers talk about why their goal is to be "the fastest tortoise in the race."

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Episode links:

Gemini's new ad campaign: https://www.wsj.com/articles/winklevosses-cryptocurrency-exchange-says-the-revolution-needs-rules-11546599600

Negative reaction to Gemini ad campaign from crypto community:

Erik Voorhees: https://twitter.com/ErikVoorhees/status/1081204430857416706

Gemini USD gets approval of New York Department of Financial Services: https://www.bloomberg.com/news/articles/2018-09-10/controversial-crypto-coin-tether-to-get-regulated-competitors

Past episodes with other stablecoin projects:

USDC/Circle: https://unchainedpodcast.com/circles-jeremy-allaire-and-sean-neville-on-why-crypto-will-be-bigger-than-the-web-ep-71/

TrueUSD: https://unchainedpodcast.com/harbor-and-trusttoken-on-why-they-dont-mind-being-unsexy-ep-77/