Phemex CEO Jack Tao talks about his journey from Morgan Stanley to Bitcoin, and explains why he enjoys the decentralized world. 3:16 – What is Phemex? 4:19 – From Morgan Stanley to Bitcoin 7:05 – What makes Bitcoin special? 9:23 – Limitations of the legacy financial system and fungibility 11:18 – Unbanking the banked 13:10 – Phemex vs BitMEX 17:00 – Separation between user accounts and the exchange 18:05 – What is simple about Phemex trading? 20:03 – Find 2.1 BTC in an art puzzle 22:00 – Information about the contest 23:21 – Phemex exchange whitepaper/yellowpaper 29:07 – How does Phemex scale? 32:06 – Why small investors should use Phemex 37:52 – Which hardware wallets does Jack use and recommend? 41:05 – Buying BTC on fiat for DCA 42:42 – How should bitcoiners think of Phemex? 43:41 – No KYC/AML on Phemex 45:49 – The data management problems involved in storing user private data 48:40 – Why BTC insurance is not perfect 50:40 – The lessons we learn from altcoin failures 51:05 – Bad Bitcoin regulations by politicians who don’t get it 54:20 – Big companies demanding for more regulations due to monopolistic greed 59:00 – Closing statements