2min chapter

The Compound and Friends cover image

People Hate Inflation, but Unemployment Is Worse

The Compound and Friends

CHAPTER

Crypto Twitter- What Is the Constitution Going to Cost You?

A year ago, Crypto Twitter raised $47 million in days to buy a copy of the constitution. Now we have Genesis, one of the largest crypto trading lending desks, and you need a $500 million. And they can't- They're having trouble getting it clearly. Do you know why? Because A, does anyone believe that they're profitably running a lending business? Well, how could you? Right. This is not a- Listen, this happened in traditional finance too. Bill Huang did the same shit. How many- But how many firms did he take down? He took a big bite out of credit- I think he took credit squeeze down. The other firms knew because

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode