Making Markets

This is Eric Golden and my guest this week is Lubo Smid, the CEO and co-founder of STRV, a successful design and engineering agency. Lubo has lots of experience in the Web3 space, building both client and in-house projects. In our conversation, we talk about the balancing act of building a Web3 game, why he’s excited about ticketing as a mainstream use-case for blockchains, and why it is not Web3 technology but applications that should get all the hype. Please enjoy my conversation with Lubo Smid.For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.-----This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.-----Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes(00:01:23) - (First question) - What he’s learned about brands moving from Web2 to Web3(00:03:44) - His viewpoint on the agency business model(00:07:50) - Signs that a new customer will be difficult to work with(00:08:56) - What sparked his interest into the Web3 crypto space(00:10:15) - The purpose of STRV Labs both internally and for Web3 partners  (00:12:57) - They dive into Scavengers Land and Web3 gaming(00:14:44) - The downsides of Web3 gaming  (00:16:38) - Current gaming business models and how things could evolve with Web3(00:19:06) - Whether or not Web3 will survive without centralization (00:22:31) - The potential for Web3 to change the ticketing industry (00:27:47) - Convincing event holders to use the Web3 ticketing model(00:29:29) - How to handle abstraction and reduce friction between event holders and ticket buyers(00:32:26) - Feedback received from previous ticketing customers(00:34:11) - Overview of how Live Penalty works(00:36:34) - Lessons learned that help Web2 customers transition into Web3(00:39:37) - Who he admires within the Web3 space(00:41:37) - What he is most excited to build over the next six months and six years Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Eric Golden and my guest this week is Dan Matuszewski, the co-founder of CMS Holdings. It’s been a busy few weeks in Crypto and Dan joins us today for a quick check-in on the view from his seat as a trader. This episode is shorter than usual but it’s action packed as we discuss how the markets have digested the cases against Binance and Coinbase. This is the second time I've spoken to Dan on the show, who I think is one of the wittiest and smartest voices in the industry. Please enjoy my conversation with Dan Matuszewski.For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.-----This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.-----Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes(00:02:02) – (First Question) – He checks in on the current stock market climate and its overall performance  (00:03:29) – His take on the large drop that occurred recently once the market closed Friday     (00:05:05) - The change in liquidity environment due to banks exiting the space(00:05:54) - Possible replacements for two major firms pulling back from the market (00:06:22) – Players who still have leverage to create markets (00:06:30) – The outcome for the liquidity of books moving forward (00:07:09) – A look into institutional trading and international expansion  (00:09:17) – Hypothetical American market isolation and its effects on global liquidity(00:09:57) – Comparing prior actions of government involvement   (00:11:00) – He tells us why listed tokens are being traded differently than non-listed tokens (00:11:24) – A look at what he is trading (00:11:56) – He talks to us about DeFi versus centralized training(00:13:18) – Opinions about the scale of the case and outcomes expected (00:14:45) – His presumed timeline on a resolution and how it could happen(00:16:22) – NFT market performance and the problems with cryptocurrency  (00:20:34) – His take on the private market(00:21:29) – Possible successful business model of prime brokers(00:21:59) – The parts of DeFi that he’s interested in (00:22:55) – What he tells people who’ve just gone through their first boom bust cycle(00:23:20) – Things in the market he’s keeping an eye out for in the future(00:23:44) – The positive things he’s seeing globally writ large Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Eric Golden and my guest today is Scott Johnsson. Last week, the SEC declared war on Crypto by formally filing charges against Coinbase and Binance. Scott’s background as a finance lawyer and investor make him the ideal guest to unpack this. We go deep into the weeds on this one, talking about the SEC’s complaint against Binance and Coinbase and why Scott thinks most tokens are not a security. We also talk about how this might play out, the limits of the SEC’s powers, and why the industry should flex its political muscles in light of this existential threat. This is an important discussion at a critical time for the industry. I hope you enjoy my conversation with Scott JohnsonFor the full show notes, transcript, and links to the best content to learn more, check out the episode page here.-----This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.-----Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes(00:02:10) - (First question) - Changes in SEC's approach to crypto compared to traditional finance(00:07:06) - SEC's complaint against Binance(00:10:28) - Binance's case highlights the importance of securities trading registration(00:12:30) - Inflexible registration requirement of the SEC hinders innovation in crypto(00:14:31) - Coinbase case exposes SEC's contrasting approach and Coinbase's good-faith(00:16:49) - Why the timing of Coinbase's testimony is significant(00:19:26) - Potential impact of finding one token as a security among a group(00:21:23) - The role of burn mechanisms, presales, and primary/secondary transactions(00:28:00) - Analogy of trading cards in a securities transaction(00:32:58) - Equity and token ownership do not necessarily classify tokens as securities(00:35:38) - Staking and earn programs blur the line between service and investment(00:38:07) - Years-long litigation expected between SEC and major crypto companies(00:40:46) - SEC faces pressure as internal court cases weaken its position(00:47:58) - Politics shapes crypto regulation, narrative building influences policy and elections(00:53:31) - Democrats' anti-crypto stance protects banks but alienates pro-crypto voters(00:57:19) - What legal or regulatory resolution he is most excited to see over the next six months and six years Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Eric Golden and my guests today are Jason Yanowitz and Michael Ippolito, the co-founders of Blockworks. While starting Blockworks, Jason and Michael were sharing a single room in NYC to save money. Today, they are leading a profitable Crypto Media company worth $135 Million. In this episode, they take us behind the scenes on their journey. We cover the struggle of the early days, get their views on the crypto ecosystem, and dive into each of the three segments of their business - digital media, events and SaaS. Blockworks is a wonderful example of a thoughtfully built media company. This episode is filled with insightful nuggets about media business models, the tension between companies and creators, betting on niches, and so much more. Please enjoy my conversation with Jason and Michael from Blockworks.For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.-----This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.-----Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes(00:02:22) - (First question) - How they hustled to build up their business, Blockworks(00:04:16) - Why embracing the fear of failure is crucial for professional growth(00:06:30) - The bold bet they made on the crypto industry when starting Blockworks(00:07:43) - Their recent raise and transition to venture funding(00:11:34) - How they approach new idea generation for their podcasts(00:18:11) - Why they prefer sponsor partnerships instead of the race-to-the-bottom CPM model(00:20:00) - Individuals, not brands, drive media consumption through personal connections(00:25:51) - Focusing on niche events and content allows them to attract a dedicated audience(00:29:51) - Creating exceptional events that make memorable experiences for attendees(00:32:23) - Implementing a unique ticketing model for their events(00:35:17) - A look into their business model(00:36:50) - Identifying gaps within the crypto industry to address unmet needs(00:40:52) - Navigating the challenges and lessons of building in a bear market(00:45:02) - Who they admire in the crypto media industry(00:46:42) - What they are most excited to see built over the next six months and six years Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, we are replaying one of my favorite episodes of the show from the last couple of years. This conversation is with gmoney, who is an influential builder, collector, and investor in the NFT community. Have a great weekend and we’ll be back with more next week.For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.-----This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.-----Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:54] - [First question] - Context and inspiration for GMoney’s famous Twitter thread[00:08:42] - Why he dove into NFTs so aggressively[00:10:30] - All-in crypto diversification as opposed to closed-minded crypto trading[00:14:36] - NFT collecting in the mainstream[00:16:03] - The potential of an NFT as a “digital flex”[00:18:55] - The sharp increase in NFT values and the volatility of NFTs[00:22:03] - Distinctions between NFT technology and the NFT market[00:25:49] - How he landed his deal with Adidas[00:28:29] - His transition from traditional trading to the NFT market[00:29:57] - His early goals with NFT trading and adaptation as the space evolves[00:32:11] - The role of brand deals and influencer marketing in GMoney’s business model[00:35:35] - Helping clients and partners understand the NFT space[00:37:56] - Incentivising buyers to pay royalties to NFT artists[00:40:08] - The future of NFT royalties technology[00:41:12] - Divisions of the GMoney empire[00:44:38] - Explaining POAPs and their potential in the crypto community[00:48:30] - Why he gives out POAPs for free[00:49:25] - About 9dcc, the crypto-native fashion brand for real-world gamification[00:53:01] - How a POAP transfer works using a 9dcc t-shirt[00:54:35] - The communal success of the POAP pop-up event in Miami[00:56:34] - Why your net worth equals your network in the crypto universe[00:58:02] - Figuring out the optimal volume of POAPs to distribute[00:58:52] - What he is most excited to see built over the next six months and six years Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Eric Golden and my guest today is Stevie Cline. Guests on this show usually have unique backgrounds, but having gone from dairy farming to earning multiple law degrees to founding a biotech startup to a partner at Vol 1. Ventures today, I think Stevie beats most of them. We start this episode with her unique backstory and the problems she saw in the VC world. We then talk about why the banner at Vol. 1 Ventures says ‘Let’s keep you out of Jail’, the regulatory and political landscape, and the potential of Crypto in rural America. Please enjoy my conversation with Stevie Cline.For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.-----This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.-----Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes(00:02:15) - (First question) - How she went from milking cows to having three law degrees(00:05:47) - The burnout from law that lead to the pivot of becoming a founder (00:09:08) - Key takeaways from being a founder trying to launch a biotech company (00:11:54) - Positive takeaways from being a female founder that inspired her (00:13:53) - Thoughts about venture capital and why she thought she’d be good at it(00:17:25) - The thesis behind Vol.1 Ventures and ‘let’s keep you out of jail’ (00:21:05) - Scaling down rates to make legal representation available to a variety of founders(00:25:15) - Her current take of the regulatory landscape today writ large(00:30:45) - Securities versus non-securities and the ever changing status of cryptocurrencies(00:33:02) - The problems with making the Bitcoin and Ethereum statements so early (00:36:55) - Public narratives and why crypto matters in light of government control (00:41:58) - Regulatory outlook around cryptocurrency in the short and long term (00:44:44) - The government’s use of power potentially impacting the SEC and thoughts on the current state of the federal reserve(00:50:03) - Alan G’s paper on the creation of the federal reserve(00:52:01) - The debt ceiling and the economic cost of maintaining the status quo (00:53:49) - What she’s excited to see built over the next six months and six years Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Eric Golden and my guest today is Jessica Neer McDonald, an attorney focused on intellectual property rights and the head of global trademark services at Midjourney. The rise of NFTs and AI generated artwork has opened up all sorts of interesting questions about IP and ownership. Jess is my go-to knowledge base for this topic. In this episode, Jess takes us through the nuances of IP law and how it might apply in Web3. We discuss major NFT lawsuits like Yuga Labs, Hermes, and Nike, and the precedent they set in this transition from physical to digital property rights. Finally, we talk about AI art and its opportunities and unique challenges. Please enjoy my conversation with Jessica Neer.For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.-----This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.-----Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes(00:01:44) - (First question) - How her transition from the traditional world to the digital one has shifted her thinking on IP and protections(00:03:21) - Overview of the MetaBirkins lawsuit during the peak of the NFT surge (00:06:14) - The Tom Sachs rockets and where the legal line is drawn for them versus MetaBirkins(00:09:01) - Differences between copyright and trademark law(00:09:37) - How using logos is fair use and not teetering on a lawsuit like Tom Sachs’ rockets(00:13:21) - Overview on the Yuga Labs and Ryder Ripps trademark dispute (00:17:03) - Analyzing the nature of the court case and the precedent it set (00:20:45) - Whether or not it’d be possible to sue someone for making a brand out of your Bored Ape or a similar NFT(00:23:47) - The pros and cons of the different licensing options a project could choose(00:28:41) - Matt Furie’s Pepe the Frog being memed and when he could take legal action(00:30:27) - The seventy years after death protection and IP becoming public domain(00:32:38) - Defense, patents, and being on to something when Nike tries to sue you (00:36:00) - Being the head of global trademark services for MidJourney and Tarantino’s dream project that never took off(00:40:41) - AI generated art and the complex legal models behind them(00:43:28) - What she’s excited to see unfold over the next six months and six years Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Eric Golden and my guest today is Jordi Alexander. Jordi is a poker player turned quantitative trader. While Jordi was trained in high-frequency trading, he has a deep passion for macro and taking fundamental positions that computer models may disagree with. We take full advantage of Jordi's breadth of knowledge in this wide-ranging conversation.We first dive into the mysterious world of high-frequency trading and Jordi's experience at GETCO, Tower, and then leaving to build his own firm, Selini Capital. We discuss Crypto's product market fit, how Jordi assesses the value of Bitcoin and Ethereum, the Balaji bet, and more. Please enjoy my conversation with Jordi Alexander.For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.-----This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.-----Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes(00:00:32) - (First question) - Exploring how high-frequency traders (HFTs) have generated profits in recent years(00:02:50) - The utilization of technology to forecast the movement of asset classes(00:04:24) - Why he focuses on prediction over speed in trading strategies(00:05:36) - Methods for evaluating the effectiveness of a trading strategy(00:06:42) - The aggressive tactics that HFT firms employ to protect their advantages(00:09:27) - How COVID-19 changed the landscape of news trading(00:11:13) - The importance of talent and finding niches in HFT(00:12:37) - His decision to pursue an entrepreneurial path and establish Selini Capital(00:13:47) - How culture and incentives in the HFT industry impacted the genesis of Selini(00:20:17) - Finding an edge as a smaller team against giants with more resources(00:21:30) - Why he and his team started to transition to crypto(00:24:41) - His perception of other trading firms as Selini moved into the crypto space(00:27:17) - A breakdown of how the team at Selini Capital is structured  (00:29:40) - Why Selini avoids taking outside capital from LPs (00:30:29) - How Selini operates in both the crypto and fixed-income asset classes  (00:31:11) - Why his non-technical background positions him to approach the market differently(00:36:09) - Using the dog and the fox parable to describe his view of crypto in the long term   (00:38:06) - The roles human psychology and survival strategies play in the crypto landscape(00:40:25) - Drawing comparisons between financial markets and gambling(00:43:11) - Advice on what exposure newcomers should have in the crypto space(00:45:07) - His thoughts on Balaji’s outlook on Bitcoin(00:47:43) - Creating new money in a way that is globally accepted and fair for everyone(00:50:04) - His thoughts on crypto regulation and international adoption abroad(00:54:32) - What he’s most excited to build over the next six months and six years  Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Eric Golden and my guest today is Eric Koziel, better known as Omnigamer in the gaming world. I was debating Web3 gaming as a use case, and my good friend told me that Eric knows more about gaming than anyone he has ever met, and I think he lives up to the billing in this conversation. Eric has worked in gaming and cybersecurity since 2012 and is now a game designer at Azra, a Web3 gaming studio.We start this conversation with a tour through the fascinating world of speed gaming before moving into the intersection of gaming and Web3, covering topics like balance between players, speculators, and collectors, the hostility of traditional gamers and Eric's thoughts on play to win. Please enjoy my conversation with Eric Koziel, Omnigamer.For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. -----This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.-----Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes(00:01:44) - (First question) - An explanation of speed-running in gaming(00:04:59) - The mechanics of speed-running and choosing an appropriate game(00:07:43) - Finding games with limited pre-existing knowledge to start the process (00:12:11) - Reverse-engineering games to gather data(00:13:58) - How individuals take pride in the process despite it being a public pursuit(00:15:41) - The balance between maintaining a game’s integrity and exploiting its shortcomings(00:17:22) - The participation ratio of hard core gamers versus trained software engineers(00:18:42) - Finding patterns in programmed randomness, often linear congruential generators(00:21:19) - An example of risk versus reward when improbable situations happen in games(00:22:27) - Speed-running in modern gaming(00:23:00) - Easter eggs,developer errors, and unintentional use of game tools(00:24:59) - The adversarial relationship between the designer and the player(00:28:19) - The negative reaction to web3 gaming from the traditional gaming industry(00:32:55) - Comparing and contrasting the goals of gamers and crypto enthusiasts(00:33:57) - How the Pokémon franchise has catered to speculators, players, and collectors simultaneously(00:37:50) - Determining Web3 asset value and the current need for in-game asset ownership for a better experience (00:42:10) - How gamers should aim to extract value from time invested in games, based on economies of scale(00:44:20) - The added complexity for developers with real-world economics in Web 3 games(00:50:28) - How developers balance exclusivity and inclusivity to maximize returns(00:52:07) - What he’s most excited to build over the next six months and six years Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Eric Golden and my guest today is Frank Chaparro. Frank is Editor-at-large at The Block and host of The Scoop podcast. Many of you know him as Fintech Frank on Twitter. This episode is a little different as we dive into what it’s like to be a journalist covering frontier technology that moves at such a rapid pace. We cover the challenges of reporting in crypto, lessons learnt from the FTX saga, and Frank’s views on the overall ecosystem. Please enjoy my conversation with Frank ChaparroFor the full show notes, transcript, and links to the best content to learn more, check out the episode page here.-----This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.-----Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes(00:02:23) - (First question) - Some of the biggest groups he’s had fun reporting on(00:05:59) - How he processes the incredible volume of information in the crypto space and decides on which story he’d like to write and why(00:08:11) - The ways crypto Twitter serves as a source and the village center for information(00:11:19) - How it feels as a journalist navigating the crypto space  (00:12:23) - Developing relationships and handling building them as a reporter (00:14:35) - Whether or not it’s hard to just turn off in his news-centric relationships(00:15:28) - Some of the things he thinks about given the nature of the FTX fallout (00:17:14) - The balance between being funny online and a hardnose journalist(00:19:35) - His initial reaction to the news about the FTX fraud and becoming a part of it(00:22:38) - What he’d write if he could write the Wikipedia page for The Block (00:23:19) - Comparing this bear market to other bear market cycles (00:24:47) - Where we go from here and thoughts on regulation (00:28:42) - Traditional media covering crypto versus crypto-specific media outlets(00:31:22) - The anti-crypto media and motives for someone like Elizabeth Warren(00:33:55) - The Block’s global offering to clients beyond just writing and reporting (00:38:44) - His preparation process for interviewing guests on their podcast(00:40:08) - What he’s most focused on over the next six months and six years  Learn more about your ad choices. Visit megaphone.fm/adchoices