{"podcast":{"title":"The Breakdown","slug":"the-breakdown-440465","podcast_index_feed_id":440465,"rss_url":"https://feeds.megaphone.fm/NLWLLC2118417614","website_url":"https://the-breakdown.carrd.co/","image_url":"https://megaphone.imgix.net/podcasts/53cadc42-20da-11ee-a8f1-1bd22b61356c/image/7fbf1724d2a8e498cc7552087e943a5c.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress","author":"Blockworks","episode_count":2084,"summary":"The Breakdown dives into the deepest topics in crypto, blockchain, and the macro forces shaping markets and power structures. Each episode breaks down complex ideas into clear, grounded analysis — separating signal from noise across crypto, finance, and geopolitics. Hosted by David Canellis, The Breakdown features explainers, interviews, and conversations with the people building, regulating, and challenging the financial system. A Blockworks podcast. Subscribe to The Breakdown newsletter: https://the-breakdown.carrd.co/","last_synced_at":"2026-07-02T04:19:55.776246+00:00","page_url":"https://stenobird.com/podcast/the-breakdown-440465"},"episode":{"title":"Are We Measuring Crypto All Wrong? | Nick Almond","slug":"are-we-measuring-crypto-all-wrong-nick-almond","published_at":"2026-03-24T13:00:00+00:00","page_url":"https://stenobird.com/podcast/the-breakdown-440465/are-we-measuring-crypto-all-wrong-nick-almond","show_page_url":"https://stenobird.com/podcast/the-breakdown-440465","url":"https://traffic.megaphone.fm/BWG7443150555.mp3","audio_url":"https://traffic.megaphone.fm/BWG7443150555.mp3","summary":"While The Breakdown is between seasons, we’re sharing the full version of a past conversation with Nick Almond. The discussion explores how to think about crypto networks, why common metrics can be misleading, and what actually matters when evaluating activity and value. Follow Blockworks Research: https://x.com/blockworksres Follow Nick: https://x.com/DrNickA Follow David: https://x.com/dcanellis — Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at http://nexo.com/breakdown Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ — Timestamps: (00:00) Introduction (03:07) Ethereum vs Solana Endgames (06:18) Nexo Ad (06:54) Valuation Paradigms and Realism (14:56) Nexo Ad (15:47) Decentralization vs Fintech Future (24:44) Measuring Decentralization — Disclaimer: Nothing said on The Breakdown is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Host and guests may hold positions in the companies, funds, or projects discussed.","meta_description":"While The Breakdown is between seasons, we’re sharing the full version of a past conversation with Nick Almond. The discussion explores how to think about…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1653,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-breakdown-440465/episodes/are-we-measuring-crypto-all-wrong-nick-almond/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-breakdown-440465/are-we-measuring-crypto-all-wrong-nick-almond.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}