Bankless

3rd Week of November, 2022 ------ 📣 Infura | Join the New Decentralized Infrastructure Network Early Access Program www.bankless.cc/infura  ------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/?utm_source=banklessshowsyt  ------ Bankless Sponsor Tools: ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso  🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  📡 TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi  👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence  ⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel  ----- Topics Covered 0:00 Intro 3:30 MARKETS 5:30 Bitcoin Miners https://twitter.com/caprioleio/status/1591024605640019968  7:30 Burniske Calls Bottom https://newsletter.banklesshq.com/p/5-reasons-this-could-be-the-crypto  13:30 CeFi Ded https://twitter.com/haydenzadams/status/1592188164218707969  16:00 SBF https://twitter.com/SBF_FTX/status/1593014949487730688  23:20 Vox Interview https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy  27:45 Summary Thread https://twitter.com/GRDecter/status/1593272102047580161  31:05 Alameda Mentality https://twitter.com/PetrifyTCG/status/1591802968940199936  32:40 Company Slack https://twitter.com/AutismCapital/status/1592563378408796165  34:40 New FTX CEO https://twitter.com/kadhim/status/1593222595390107649  36:30 It’s Bad https://twitter.com/Dogetoshi/status/1593233836867194880  CONTAGION 38:20 Genesis https://twitter.com/genesistrading/status/1590836594382032896  39:00 Fallout https://twitter.com/DylanLeClair_/status/1592960066293927937  42:20 BlockFi https://twitter.com/BlockFi/status/1590875997351866368  43:30 FTX Bailout https://twitter.com/autismcapital/status/1591569275642589184  44:20 Other Fallout Galois - https://twitter.com/autismcapital/status/1591302842639593473  Multicoin - https://twitter.com/TheBlock__/status/1592169646568144897  Circle Yield - https://blockworks.co/news/gemini-circle-genesis-exposure/  45:45 Lazy DD https://twitter.com/fintechfrank/status/1591656860276457472  LEGAL 47:10 Committee Hearing https://twitter.com/WatcherGuru/status/1592901815481249792  47:50 Lawsuit https://www.reuters.com/legal/ftx-founder-bankman-fried-sued-us-court-over-yield-bearing-crypto-accounts-2022-11-16/  REACTIONS 48:44 Proof of Reserves https://decrypt.co/114482/binance-be-guinea-pig-vitalik-buterins-proof-reserves-protocol-cz  50:30 Mainstream Reporting SBF Donator - https://twitter.com/ryaneshea/status/1592403915718656000  Blaming CZ - https://twitter.com/ColdBloodShill/status/1591850165446791168 COVID - https://twitter.com/Crypto_McKenna/status/1593190965917126657  55:30 Twitter Coverage https://twitter.com/brian_armstrong/status/1592689928038912000  Hsaka - https://twitter.com/HsakaTrades/status/1592947452478656512  57:50 3AC Redemption Arc Kyle - https://twitter.com/KyleLDavies/status/1591704172600397824  Su - https://twitter.com/zhusu/status/1590189369834758144  Bali - https://twitter.com/SquawkCNBC/status/1592880370344919042  1:02:00 StarkNet Token https://medium.com/starkware/starknet-token-is-deployed-on-ethereum-f27f0000b00c  1:03:15 USDC Apple Pay https://thedefiant.io/usdc-apple-pay  1:03:38 Solana Deprioritized https://www.theblock.co/post/187970/binance-halts-solana-usdc-usdt-deposits  1:04:25 NFTs Yuga Beeple - https://www.theblock.co/post/187970/binance-halts-solana-usdc-usdt-deposits  Nike - https://www.coindesk.com/web3/2022/11/14/nike-sprints-into-web3-with-new-swoosh-platform/  Sony - https://www.ign.com/articles/sony-patent-for-nft-and-blockchain-technology-uncovered  1:05:55 Bankless Podcast Collectibles https://collectibles.bankless.com/  1:09:30 Cosmos ATOM 2.0 https://blockworks.co/news/no-with-veto-cosmos-community-rejects-atom-2-0-white-paper  1:10:06 CBDC Trial https://thedefiant.io/as-skeptics-dance-on-cryptos-grave-the-fed-and-big-banks-launch-digital-ledger-project  1:10:30 Releases DeFiLlama - https://defillama.com/aggregator  Permissionless - https://newsletter.banklesshq.com/p/discount-to-permissionless-2022  1:13:00 Matter Labs https://thedefiant.io/layer-2s-defy-market-angst-as-matter-labs-raises-200m  1:13:37 CZ Investing https://twitter.com/cz_binance/status/1592894516457279488  1:14:00 Jobs https://pallet.xyz/list/bankless/jobs  TAKES 1:16:00 The Only Path https://twitter.com/jchervinsky/status/1591236973347627010  1:17:30 Stay Vigilant https://twitter.com/ErikVoorhees/status/1591151576680652800  1:18:50 Free Wizards https://twitter.com/cburniske/status/1591183041837559808  1:20:05 What David’s Bullish On https://imgur.com/v8C9UnF  1:25:00 What Ryan’s Bullish On 1:26:50 MEME of the Week https://twitter.com/sassal0x/status/1590865451420389376  Moment of Zen https://twitter.com/songadaymann/status/1592963492713492481  ——— Not financial advice. Do your own research. https://www.bankless.com/disclosures 

Jesse Powell, Co-founder of Kraken Exchange and a veteran of the crypto world since the Mt. Gox incident, shares his insights on rebuilding the industry. He discusses vital lessons learned from past collapses, emphasizing the role of transparency and proof of reserves. Jesse illustrates how community collaboration can address regulatory challenges while fostering trust. He also critiques the slow evolution of Bitcoin's mainstream acceptance and highlights innovative solutions like modular blockchains to enhance security and accessibility in the crypto space.

Matt Walsh, General Partner at Castle Island VC and co-host of On the Brink, offers keen insights into the FTX collapse. He passionately questions the lack of oversight that allowed Sam Bankman-Fried to operate unchecked. The discussion covers the ripple effects of the meltdown, the importance of self-custody in crypto, and the psychological trust issues surrounding exchanges. Walsh emphasizes the urgent need for regulatory reforms and accountability to prevent future crises while exploring strategies for rebuilding a more resilient industry.

The hosts discuss the tumultuous week in cryptocurrency, laden with trust issues and a reevaluation of centralized exchanges post-FTX fallout. They highlight improvements in Ethereum scalability and the challenges of traditional banking for crypto users. The conversation navigates the regulatory landscape, emphasizing the need for accountability and transparency. Personal anecdotes reveal the pervasive toxicity in the industry, yet there’s a thread of optimism as they contemplate a future focused on user education and decentralized finance.

In this engaging discussion, guest Molly White, a software engineer and notable crypto skeptic who runs the site "Web3 Is Going Great," challenges the rose-tinted view of Web3. She argues that the current token dynamics could exacerbate existing problems. Despite recognizing some positives, she firmly believes that crypto poses more net negatives than benefits. The conversation probes the implications of recent events like the FTX collapse and emphasizes the need for a critical mindset when evaluating the future of decentralized technologies.

The fallout from FTX’s collapse has left a significant mark on the crypto industry, with discussions on lessons learned about trust and the need for stronger security. Ethereum's evolving roadmap promises to tackle censorship and improve transaction inclusivity. Meanwhile, OpenSea introduces royalty tools that empower artists in the NFT space. Amid economic turmoil, the crypto community reflects on resilience, balancing regulation and decentralization, while innovative solutions are explored for navigating the current market challenges.

Ledger and Cobie, co-hosts of the UpOnly podcast with extensive crypto expertise, join forces to analyze the crypto industry's recent turmoil, especially the fallout from the FTX crisis. They tackle ethical dilemmas in crypto investments, reflecting on financial management and accountability. The conversation delves into navigating the unpredictable landscape of cryptocurrency, emphasizing safety for everyday investors, and the growing importance of integrity in sponsorships. With a mix of banter and serious insights, they provide tips for thriving in these challenging times.

The turmoil surrounding FTX and its shocking collapse took the crypto community by storm. Discussion highlights include Sam Bankman-Fried's deleted tweets and the implications of his actions on investor trust. The fallout from this crisis reveals systemic issues within centralized exchanges and the urgent need for transparency. Community members share emotional responses while analyzing the broader implications for the market. Amid market instability, strategies for resilience and innovation in navigating bear markets are also explored.

In this discussion, Ryan Selkis, the founder of crypto research firm Messari, joins Erik Voorhees, CEO of ShapeShift, and Brian Armstrong, co-founder of Coinbase, to unpack Binance’s acquisition of FTX. They delve into the impact of this acquisition on the industry, regulatory challenges, and the crucial shift towards decentralization and self-custody in finance. The trio emphasizes the importance of transparency, sensible regulation, and the need for a resilient framework to navigate future market chaos and safeguard the future of cryptocurrencies.

Dive into the chaotic world of crypto as the hosts explore the dramatic collapse of FTX alongside Binance's last-minute intervention. Key discussions revolve around the staggering 80% drop of the FTT token and the uproar over mismanagement at FTX and Alameda. Tensions rise as they analyze the shifting dynamics between DeFi and CeFi, the urgent quest for liquidity, and the ensuing distrust among users. With power shifts at play, listeners gain insight into the urgent need for transparency and the implications for the future of cryptocurrency.