{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Chuck Yates Got A Job","title":"The Stablecoin Backed by Real Barrels of Oil","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/6db7fccf\"></iframe>","width":"100%","height":180,"duration":3044,"description":"What if you could stash a barrel of oil in a digital bank account and drop it in your kid's Christmas stocking? That's the wild idea Wil Harris of Energy Substantiation is chasing, building the stablecoin of oil. He breaks down how WTI coins work, why nobody had ever banked a barrel before, and Chuck puts on his critical investor hat to try and blow the whole thing up.\nClick here to watch a video of this episode.\n0:00 - The barrel of oil coin on Chuck's dresser\n2:08 - How Wil ended up bridging crypto and oil\n4:03 - What a stablecoin actually is, explained for mom\n10:05 - The minus 37 dollar day, USO, and True Tracker\n12:21 - Banking a barrel: minting, redeeming, the bank of oil\n19:25 - Critical investor mode: what protects your money\n24:08 - Credit reviews, unencumbered barrels, and ABLs\n28:50 - The reverse Dutch auction and the trading platform\n32:16 - A brand new form of capital for producers\n36:06 - Crypto adoption, 700 million accounts, and the Yeezys story\n38:34 - Selling the company, line fill, and credit over time\n45:59 - Who they want to hear from and WTI as the world standard\n48:34 - Still early days and how to reach them \nhttps://twitter.com/collide_aihttps://www.tiktok.com/@collide.iohttps://www.facebook.com/collide.iohttps://www.instagram.com/collide.iohttps://www.youtube.com/@collide_iohttps://bsky.app/profile/collide-ai.bsky.socialhttps://www.linkedin.com/company/collideai","thumbnail_url":"https://img.transistorcdn.com/c5WQufo5wbt5DUoayihGmjPfi-6mpIXlFv-B8NwxUXk/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS81ODIw/NmQyYjMwOTI3MTcw/NjU3ZTI2NDViYTlk/M2NkNi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}