Cobie and Chris Burniske on How to Navigate a Crypto Bear Market - Ep.355
Unchained
Revisiting Staking: From Security to Incentive
This chapter critically examines the concept of staking within the ApeCoin ecosystem, highlighting concerns about its transition from network security to simple coin-holding incentives. It discusses the implications for regulatory scrutiny and the potential pitfalls for newcomers in the crypto space.
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Cobie, co-founder of Lido and UpOnlyTv, and Chris Burniske, partner at Placeholder Ventures, talk about surviving a crypto bear market, the Terra collapse, lessons they’ve learned from their mistakes, and much more. Show highlights:
- whether Chris and Cobie think crypto is in a bear market
- why Chris says these are the times to buy
- what effect the Terra debacle will have on the crypto industry
- why Chris was expecting UST to blow up
- why Chris thinks there is going to be another massive liquidation event
- whether an algo stablecoin could work
- why bear markets are sometimes a good thing
- how USDT was stress tested and proved its resilience
- how macro is affecting the crypto space and what the role of the Fed is
- when will we see the bottom of this bear market
- how meme coins are the symptoms of a broken system
- why this crypto cycle is different
- whether regulations are helping VCs rather than the retail investors
- why risky assets are the ones that could increase 10,000x
- whether the future of crypto is multichain or not
- how developers signal what ecosystem is going to win in the next expansion cycle
- whether Cobie thinks staking is dying
- how Chris judges market bottoms and tops
- what lessons Cobie and Chris have learned from their mistakes
- what innovations will catalyze the next bull cycle
- what needs to happen in the future for crypto to succeed
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Episode Links
Cobie
- Twitter: https://twitter.com/cobie
- UpOnlyTv: https://uponly.tv/
- Substack: https://cobie.substack.com/
- L1 trading: https://cobie.substack.com/p/trading-the-metagame?s=r
- Death of staking: https://cobie.substack.com/p/apecoin-and-the-death-of-staking?s=r
- Token unlocks: https://cobie.substack.com/p/on-the-meme-of-market-caps-and-unlocks?s=r
- Cycle Tweets:
- Why “the next cycle” reasoning scares him
- https://twitter.com/cobie/status/1524965475813568512
- What projects will survive the bear
- https://twitter.com/cobie/status/1469253171885318146
- His call to “buy” on March 12 2020
- https://twitter.com/cobie/status/1238282793244860417
- Which VCs will win
- https://twitter.com/cobie/status/1515667977118826500
Chris Burniske
- https://www.linkedin.com/in/burniske/
- https://twitter.com/cburniske
- Previous Unchained episode
- https://unchainedpodcast.com/chris-burniske-a-blank-slate-of-state/
- https://unchainedpodcast.com/chris-burniske-of-placeholder-on-the-downsides-of-icos/
- https://unchainedpodcast.com/want-to-diversify-your-portfolio-try-bitcoin-say-arks-chris-burniske-and-coinbases-adam-white/
- https://unchainedpodcast.com/how-to-value-a-crypto-asset/
- Cycle Tweets
- Feb 2022 bear call
- https://twitter.com/cburniske/status/1495468570708426754
- March 2022 bear call
- https://twitter.com/cburniske/status/1523021991619428352
- November 2021 top call
- https://twitter.com/cburniske/status/1457884538806308868
- DCA advice
- https://twitter.com/cburniske/status/1525906152881459200
- https://twitter.com/cburniske/status/1500593438433021952
- What could knock the market further down
- https://twitter.com/cburniske/status/1525157945079496705
- https://twitter.com/cburniske/status/1524260987787902978
- 2017 ATH calls
- https://twitter.com/cburniske/status/1524838447784947712
- https://twitter.com/cburniske/status/1524524188366635008
- Trying to time the bottom
- https://twitter.com/cburniske/status/1523573129431240710
Chris x Cobie
- Luna
- https://twitter.com/cburniske/status/1524280637431164929
- Feeling sorry for people who have lost $
- https://twitter.com/cburniske/status/1524267901456248832
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