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'Stacking Sats' vs. 'ETH Is Money' - The Memes That Shaped 2019

NLW breaks down ten memes and narratives that dominated the crypto conversation in 2019.

Updated Sep 13, 2021, 11:50 a.m. Published Dec 18, 2019, 8:05 p.m.
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From “digital gold” to “stacking sats” to “ETH is money,” 2019 was a year of narrative battlegrounds and meme warfare. And when every narrative is competing for scarce resources and attention, things are sure to get contentious.

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This special episode breaks down Ryan Selkis’ recent list of top ten crypto narratives and adds a few more worthy of note. Does “The Revolution Need Rules”? Is “Dissident Tech” the newest important area of focus?

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'We do not do illegal things': Inside a U.S.-sanctioned stablecoin issuer's race to build a crypto giant

Oleg Ogienko, director for regulatory and overseas affairs at A7A5, at Consensus in Hong Kong (provided)

Oleg Ogienko, the public face of A7A5, pitched the ruble-pegged stablecoin as a fast-growing trade rail built to move money across borders despite sanctions pressure.

What to know:

  • Oleg Ogienko, the public face of ruble-denominated stablecoin issuer A7A5, insists the firm complies fully with Kyrgyz regulations and international anti-money-laundering standards despite extensive U.S. sanctions on its affiliates.
  • A7A5, whose issuing entities and reserve bank are sanctioned by the U.S. Treasury, has grown faster than USDT and USDC and aims to handle more than 20 percent of Russia’s trade settlements, primarily serving businesses in Asia, Africa and South America trading with Russian partners.
  • Ogienko said that he and his team were developing partnerships with blockchain platforms and exchanges during Consensus in Hong Kong, though declined to name specifics.