Bank Failures, bailouts, limitless money printing (directly or indirectly) -- the Case for Bitcoin has never been greater. Friend of the program Zach (@BTCBap on Twitter) and host of the Value Stack Podcast (ValueStack.xyz) joins Jared for a discussion on the current state of the macro case for Bitcoin. Recorded on April 11th, 2023.

Interview with Andrew from Arch Public (@AP_Abacus) who has been releasing insider information about the way DCG and Genesis are handling the hole created from the recent crypto crash. Is GBTC going to be forced to liquidate? What does a 20% tender offer mean? Is this the one time we all benefit because so many different companies were in bed together their choices are either work something out together, or all fail?

Tremendous insight from the HNW (high net worth) creditor side of things --- and a surprisingly sunny outcome is potentially around the corner if cooler heads prevail.

(Apologies for the video dropping at various times throughout the recording, did the best we could with the snowstorm damaging connection in the Midwest)

SBF Can't stop doing interviews. And he wants you to know. He's guilty. Dead to rights.

Of being a garbage CEO.

Full Transcript

Actual Interview (if you want to torture yourself)

0:00 Introduction to this Episode. A Picture is Painted about Sam Bankman-Fried

6:01:00 Initial Reactions from the fall of SBF and FTX

9:19:00 Closer to SBF, FTX, Alameda than 99% of people that are in Crypto

9:57:00 Uniquely Positioned to Lose Everything because should have trusted Sam more than anyone else

11:04:00 Sam being eerily quiet was the first red flag

14:19:00 Something's not right, I'm getting out of here...

15:20:00 Alan's THREE Close Calls in 2022, Celsius, BlockFI, FTX

19:04:00 Reflecting upon the Cycle -- What went well, what didn't?

19:59:00 Insulating against Alameda

20:23:00 Path Crypto, An Alameda Portfolio Company...

21:04:00 How long have you had a relationship with SBF?

22:09:00 How did that relationship develop from getting to know SBF to where Alameda invested in Stacked (Path)?

24:26:00 One of the First 10 Equity Investments of Alameda (out of over 400 to date)

26:40:00 Alameda stopped being involved and responding to investor updates, one of the only investments that doesn't have a token

27:44:00 Didn't have a token, but Alameda was applying pressure to start a token due to immediate liquidity.

28:29:00 Alameda wanted to Treasure our Money, wanted to take our Money and pay us Interest!!

28:47:00 Pressured to take initial round in FTT, not USD

29:34:00 Sam advised to take in FTT, and open a sizeable short on ETH to hedge...when ETH was $320

30:59:00 A very different experience with Alameda than most because Path did not launch a token

31:49:00 How hard was it to say no to SBF about launching a token?

32:34:00 8 to 10 hours of direct discussion with Sam about launching a token

33:24:00 Sam was advising them to create shell companies to evade regulatory issues and launch a token

38:41:00 A thousand times, Path could have given in, but stayed the...Path?

40:14:00 Greater duty to do the right thing with other people's money

40:34:00 How do VCs get their money? LPs, Limited Partners

42:55:00 Not all FTX Employees are Guilty, remember that. Sam duped them too

47:29:00 Most people had no idea this was going on, Brett Harrison, former CEO of FTX.us among them

49:14:00 Sam made a terrible decision that impacted 6m+ people out of greed and hubris, which started with Terra LUNA

51:19:00 A silver lining for the future.

54:05:00 Morality wins the day

Not much to report on this week so we decided to share our favorite holiday recipes. Just kidding.

Guests this week are Trader Koz and Crypto Dale. Both from the Class of 2017 who have seen a thing or two. Give them a follow via Twitter. Joel and Alan will be back next week.

Epic Collapse of SBF's FTX Exchange - Timeline

The End of the Centralization Era in Crypto

Jason Choi's Timeline of Events on Twitter

SBF No Longer Speaks for FTX

FTX Collapse Looks a lot like Enron

NYT Puff Piece on SBF is Bull Shit

FTX and Alameda Leadership in Polycule

Rishi Sunak a Proponent for Pushing Crypto Advancement in the UK

Crypto sees UK Prime Minister as an Ally

Apple Refuses to Exempt NFTs from the App Store's 30% Fee

Apple Cracks Down on NFT Functionality

00:16 We interrupt this Broadcast...

02:20 The New Prime Minister of the UK is Appointed and he immediately becomes the most crypto friendly leader of a G7 country

04:00 Central Bank Digital Currency by 2025

07:20 The Royal Mint tasked with Creating a NFT

09:15 Exciting for Long-Term, But not so much for the Near-Term

12:00 Qualified Investing Pools for Mega-Funds will help blow up the next Bull Run

13:55 Short-term CBDC is bad for Crypto?

16:30 If the rails were in place, the financial support would have been there to sustain these crypto protocols long term

19:20 No visibility into the CBDC activities?

22:10 Blockchains aren't intended just for you to make money on

24:00 Aptos is the "I Forgot My Password" Blockchain

25:20 Security Tokens will be a thing this cycle

25:50 Apple Made changes to their app store, and made adjustments specifically for NFTs

27:45 Solana Phone FTW? Solana is designing a phone to work around the Apple Marketplace.

29:06 Solana Phone Details

36:40 Solana Phone Price Point is Similar to Apple...or is it?

37:50 Let's be real, Apple and Google are going to adapt for Crypto

39:05 Meta Quest Pro 2 Releases Today....taking the next step forward in Metaverse development

40:30 Facebook Shareholders are trying to oust Zuckerberg because of his META endeavors

Crypto Parabellum Podcast Episode 11. October 19th, 2022.

Aptos launches and every single VC has a bag. https://aptoslabs.com/ but do we really need another L1?

Jared is naive about the purpose behind Crypto. Or is he?

Macro is showing no signs of improvement, illustrated by today/s (10/12/2022) PPI DOUBLING Expectation (0.4% MoM vs. 0.2% Expected) (explanation of PPI here)

Consumer Debt is at ATH while Personal Savings Rate is near ATL

Mango is Exploited (NOT HACKED) for 116m... for an issue they identified over 6 months ago... And the exploiter offered back 50m USD

BNB was hacked on 10/6/2022 for 560m but they control all validators and were able to SAVE 460M --- But at what cost to decentralization?

The OECD (Organization for Economic Co-Operation and Development) made its recommendation to the G20 on how to handle digital assets and the implications are worth considering (full 104 page report here)

Bored Apes Founder faces a probe from the SEC