With so much bear market FUD entering the market, the SEC is becoming the main center stage threat to the stability of the cryptocurrency markets. We debate on whether or not the SEC should be of concern for the future of web3, also if it does become one, should there be changes to the rules and regulations to now hamper innovation and ecosystem participation. Also, we get into a heated debate on the threshold the SEC has set for being an “accredited investor”.

Seems like Andrew Tate is getting traction as a result of the design of social media algorithm designs. Freedom of speech is being challenged by the social media companies and presents an opportunity for the web3 space to capitalize on the collective realization that freedom of speech can be quickly censored. We find parallels with what’s happening in the macro-economic conditions with the Great Depression from the crash of 1929. Our monetary system is destined to collapse but there is a secret that could delay the inevitable collapse. The secret is the metaverse, find out how.

In episode 123 we go over how we started in the metaverse and how the bear cycle has impacted the nascent space. We do an overview of where we are in the Bitcoin cycle and the results of the macro-economic conditions. We’re in an unprecedented state in the life of Bitcoin. The network has not seen a recession and we’re potentially starring straight at a depression. As a result, we hash out the Bitcoin vs Gold debate and how Satoshi’s idea changed humanity. In the early stages of the metaverse we find parallels with construction of the internet.

We revisit the old days of our podcast and how when we first started talking about the metaverse, almost nobody else was interested. We regularly had to question our sanity as the rest of the crypto market was focused on DeFi and NFTs. Now since Mark Zuckerberg has pivoted Facebook to the newly rebranded Meta, everyone is interested in the metaverse and why it will be important. We go into Decentraland and explore Metaverse Art Week and see some really cool displays. We then explore the paths to how humanity got to the point of creating these virtual environments to escape the real world. How will AI intersect with the metaverse and what will that do to the economy? Then we talk about the overall market maturing and turning into many independent sectors that have boom and bust cycles. Will DeFi be next?

In today’s chat we discuss on Mark Cuban’s disgust on people buying digital land. Then we go over Tornado Cash sanctions and the wider implications on crypto. Did you know that USDC and USDT could be frozen? The United States can arbitrarily sanction anything in crypto which means all of crypto is at risk. In this scenario, all innovation will move outside of the US jurisdiction and leave the United States behind in a legacy financial system that the rest of the world will not participate in. Which is the best stable coin to hedge against this possibility?