We break down the biggest crypto scandal to hit the market since Mt.Gox was hacked back in 2014. Last week FTX which is one of the largest crypto exchanges in the world was found to run in to liquidity problems which meant customers would not be able to withdraw the funds they deposited. This was due to mismanagement of the customer funds to prop up their investment arm in Alameda Research which took a huge hit. Now FTX has completely collapsed which positions Binance and Coinbase in a league of their own as far as crypto exchanges go. How will this impact the crypto market and it’s potential to recover.
We interview Publius, one of 3 founders of the Bean stablecoin. Bean Stalk Farms has a growing community that reached out to us for an interview to go over the stablecoin landscape and what Bean is doing different. Publius goes over the origin story of $Bean stablecoin, how it works, and how the fiat monetary system is responsible for the last 100 years of innovation. We discuss how society can determine success of a currency. Can there actually be a sustainable currency? What about the connection between DeFi and the metaverse? Can society have a sustainable governance system where a global population can leverage? We go all over this on today’s podcast. Enjoy.
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?