Flywheel DeFi Capturing the Culture w/ loldefi - Flywheel #83
In this Episode of Flywheel with DeFiDave and KapitalK, we invited on crypto's tastemaker loldefi. We spoke about his transition from fashion to crypto, the differences and similarities between the two industries, the experience of reviewing ICOs, the success of loldefi merch, and the creation of the Who Anon book.
Takeaways
The fashion industry can be exclusive and focused on networking, while the crypto industry is more collaborative and approachable.
The ICO boom of 2017 was filled with scams and questionable projects, but also provided opportunities for significant returns.
The success of loldefi merch during DeFi Summer demonstrated the strong connection between the crypto community and fashion.
The who anon book aims to document the culture and stories of the crypto space in a physical format, providing a unique and tangible experience. The collapse and trial of SPF had a significant impact on the crypto space, highlighting the need for caution and due diligence in the industry.
Maintaining a decentralized environment is crucial to prevent similar incidents from happening in the future.
Branding and compliance play a vital role in building trust and longevity in the crypto industry.
The wealth destruction caused by SBF and Caroline serves as a cautionary tale for investors and participants in the space.
Individuals involved in the SBF collapse may face legal consequences, and their liability is yet to be determined.
Engaging in off-chain activities and hobbies is important for personal well-being and balance in the crypto world.
Advice to the younger self includes not letting external pressures define success and embracing the mindset of creating one's own reality.
Recommended guests for future episodes include Grug and Rookie, who have unique stories and perspectives to share.
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