May 4, 2023
This podcast episode
was recorded on Monday, May 1, and released to premium
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Brady Dale joins the podcast to discuss his book, 'SBF: How the
FTX bankruptcy unwound crypto's very bad good guy' and offer his
thoughts on the present and future of cryptocurrencies.
- Who is Sam Bankman-Fried exactly? Is he a crook? (Yeah,
probably) Misunderstood? The author has known SBF for awhile and
states that his subject was initially motivated by effective
altruism, or EA ... (1:27);
- FTX was undone by its special treatment of Alameda. If it
wasn't for that, "Sam would still be on the news all the time"
- Bankman-Fried's apparent misreading of crypto cycles led to
ill-timed bets after Bitcoin hit an all-time high in November 2021
- In one of SBF's last conversations with the author, SBF claims
he is unlikely to get a fair trial due to being proverbially hung
already in the courts of opinion (17:59);
- Where does SBF rank among other financial market fraudsters?
Perhaps Long Term Capital Management is the closest comparison...
- Background on the guest, including what got him to write the
book on SBF (34:03);
- Cryptos should eventually become a normal part of the economy.
In many ways the story of SBF vindicates this (38:26);
- The world only really needs three blockchains: Bitcoin,
Ethereum, and Dogecoin (44:28);
- Crypto regulation was supposed to have happened already, but it
all seems to be talk (49:58).
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