I suspect Alameda customers or investors who are staking probably thought, yeah, he's probably doing something shady, but at least we're benefiting from it. I think another takeaway from what happened here is that crypto has these severe boom bust cycles. And during that bubble phase, a lot of people sort of suspend skepticism and disbelief. Why would you want to buy some startup that'll probably fail just to get tangential exposure to it?
Omid Malekan, the former Crypto advisor for Citi Ventures, has a lot of ideas about the direction of decentralized finance and cryptocurrencies. Today, Omid and James piggyback on last week's interview with Google finance lead Antonio Reza to discuss the industry fallout from FTX's fraud and bankruptcy filing.
The pair discuss how we can develop better crypto exchanges, the broad role of NFTs in assigning property rights to intangible assets, and lessons learned from Omid's new book: Re-Architecting Trust: The Curse of History and the Crypto Cure for Money, Markets, and Platforms.
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