Sam joins us on Base Layer to tell us what FTX is and why many people are talking about it. A piece of news that came out after the show recording was that FTX was in the middle of a raise at unicorn status valuation, so for those trying to understand more about FTX and what it does this is a good initial primer. We talk about their three tiered liquidation model, how it's similar in some ways to the '08-'09 financial crisis idea of a "bad bank", we talk about the "Trump token" and how this new market on FTX is different than prediction markets like Augur and much more.
