Read_674 - FTX & Alameda, Through the Looking Glass [NYDIG]

November 16, 2022 01:06:06
Read_674 - FTX & Alameda, Through the Looking Glass [NYDIG]
Bitcoin Audible
Read_674 - FTX & Alameda, Through the Looking Glass [NYDIG]

Nov 16 2022 | 01:06:06

/

Hosted By

Guy Swann

Show Notes

"I will start with the conclusion: my piece failed. Nothing has changed. DeFi-driven blowups have continued. Therefore, in the strongest possible terms, I repeat, with humility: do not invest in non-Bitcoin crypto. Do not invest in non-Bitcoin DeFi. This is why NYDIG is a bitcoin company. Always has been, always will be." - Ross Stevens Today we take a short dive down the FTX and Alameda rabbit hole with an article put out from NYDIG and Stone Ridge that prefaces the situation with a call to action for those in the space, and then is followed by a breakdown of the events and what we know so far from Greg Cipolaro. If you are wondering what has been going on in crypto, this is a good place to start. Check out the mentioned article below written 6 months ago on the risks and potential failures of crypto and Defi with the incredible piece co-authored by Ross Stevens, Nic Carter, & Allen Farrington: https://nydig.com/on-impossible-things-before-breakfast Check out the original shareholder letter at the link below: https://nydig.com/research/through-the-looking-glass-the-ftx-and-alameda-saga Dont forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 5,000 FREE SATS at (guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) ---------------------------- “It is always from a minority acting in ways different from what the majority would prescribe that the majority in the end learns to do better.” - F.A. Hayek Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

May 28, 2018 00:34:43
Episode Cover

CryptoQuikRead_079 - The Security Token Thesis

Is the future of finance an internet of interoperable and programmable tokens?  Stephen McKeon covers the possibilities in his Security Token thesis.  Listen to...

Listen

Episode

September 21, 2018 00:28:58
Episode Cover

CryptoQuikRead_155 - POW is Efficient [Dan Held]

"The Cryptopocalypse is coming — Bitcoin’s (PoW) is so bad that it’s going to destroy the world in 2020!" -DanHeld Is Bitcoin's energy consumption...

Listen

Episode

July 08, 2020 00:19:41
Episode Cover

Read_416 - The Root of Money? [Atlas Shrugged]

"Rearden heard Bertram Scudder, outside the group, say to a girl who made some sound of indignation, “Don’t let him disturb you. You know,...

Listen