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

February 09, 2021 00:42:39
Episode Cover

Guy's Take #42 - Bitcoin's Second Chapter Begins

"In Chapter 1 we reached millions. In Chapter 2 we're going to reach billions and we're going to do it quickly. And Chapter 2...

Listen

Episode

August 24, 2020 01:13:48
Episode Cover

Masters & Slaves of Money - By Robert Breedlove

"Money is a tool for trading human time. Central banks, the modern-era masters of money, wield this tool as a weapon to steal time...

Listen

Episode

August 06, 2021 01:03:23
Episode Cover

Guy's Take #49 - Backed by Truth

"Bitcoin is a network, a money, a language, a system of rules, & a clock. Bitcoin is backed by Truth" - Guy Swann Links...

Listen