ARK Crypto Brainstorm 01: The Aftermath of FTX
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- Опубліковано 23 сер 2024
- We are pleased to introduce the ARK Crypto Brainstorm; a quarterly conversation between a rotating group of experts in the crypto space, The ARK Crypto Brainstorm will be published through the For Your Innovation podcast channels and aims to be an informative and in-depth conversation on the current state of the ever-changing crypto landscape with experts offering diverse viewpoints.
In the first episode of the ARK Crypto Brainstorm, ARK Cryptocurrency Analyst Yassine Elmandjra and Chief Futurist Brett Winton hosted five leaders in the crypto space including:
Alex Gladstein
CSO, Human Rights Foundation
Alex Gladstein is Chief Strategy Officer at the Human Rights Foundation. He has also served as Vice President of Strategy for the Oslo Freedom Forum since its inception in 2009. In his work, Alex has connected hundreds of dissidents and civil society groups with business leaders, technologists, journalists, philanthropists, policymakers, and artists to promote free and open societies.
Chris Burniske
Partner, Placeholder
Chris Burniske is the Partner at Placeholder VC, a venture capital firm that invests in decentralized networks and web3 services. Chris is also the author of Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond, and he formerly led Crypto research at ARK.
Dhruv Bansal
Co-Founder and CSO, Unchained Capital
Dhruv Bansal is the Co-Founder and CSO at Unchained Capital, a bitcoin native financial services company offering collaborative custody multisignature vaults and loans for bitcoin holders. Prior to Unchained Capital, Dhruv was the co-Founder and CSO at Infochimps, a cloud service that streamlines building and managing complex big data environments and distills analytics.
Eric Wall
Crypto Blogger
Eric Wall is a Stockholm-based software engineer and cryptocurrency trader. He works at a financial IT infrastructure provider as a blockchain and cryptocurrency domain expert and holds a M.Sc.Eng. in Information and Communication Engineering Technologies from the Faculty of Engineering (LTH), Lund University, where he specialized in blockchain technology.
Nic Carter
Founding Partner, Castle Island Ventures
Nic Carter is a founding partner at Castle Island Ventures, a venture capital firm focused exclusively on public blockchains. Before founding Castle Island, Nic worked for Fidelity as their first cryptoasset analyst, where he devised research perspectives on public blockchains. He is the cofounder of Coin Metrics. He holds a degree in philosophy from the University of St Andrews and an MSc Finance and Investment from the University of Edinburgh.
Key Points From This Episode:
01:00 Potential sources for additional fallout in the cryptocurrency market
06:32 Why might Binance’s auditor have quit
10:11 Binance’s current situation generally, and what might the company’s future look like
12:10 Game theory on calling out crypto scams
15:53 What the future could be for Tether
20:23 How US Treasury assets could be instrumentalized
22:20 Would a potential collapse of Tether be positive for Bitcoin?
26:13 How crypto regulation plays a role in the long-term
30:28 How Fidelity can impact Bitcoin
34:09 What the future might hold for the decentralized finance (DeFi) industry
42:49 Bitcoin’s relative strength among a variety of other crypto crashes
49:07 The prospects for Bitcoin’s price movement in the near term
53:15 General thoughts on the collapse of FTX
55:58 Is Solana dead or can it come back into favor?
01:00:17 How the NFT ecosystem compares to the rest of the Ethereum ecosystem
01:18:06 What are some optimistic viewpoints in crypto despite considerable recent volatility
01:21:21 How government policy and regulation could shape the crypto market
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This was fantastic, thanks all
Love these podcasts, but can we get some more crypto discussions but without Bitcoin maxis? I'm a bit concerned ARK is going down the foolish Bitcoin path given that Bitcoin's long term security model is unsustainable, the logarithmic issuance combined with a lack of fees will inevitably lead to collapse. I mean, it might make a good short term trade, and it is useful for marketing & gaining new clients, but I feel ever since James Wang left ARK the 'technical' view on crypto has left the room.
Love you guys, might be down 60%, yet, love Cathie Wood. Hoping for a rebound around March 23’
Hahahah. No you don’t
Same dude! I think innovation is underinvested and needs long term capitalism
We will be down until 2024, but that just gives us more time to accumulate at bargain prices
Hopium going to 000000
Thank you for doing these conversations. Looking forward to learning more!
Dude has a lot of friends from Latin America. He thinks it’s some night club. It’s a continent dude with a diverse bunch of countries! Binance will not matter one bit.
Thanks for amazing insights. Unfortunately, all discusssions around Tether, Binance and Galaxy make me worry given the Fed's hawkish stance. Very bad situation overall. In this backdrop, wondering what makes ARKW hold on to bitcoin?
This was exceptional, thanks folks
You all think Bitcoin won already, we still have a lot to go. Other tokens are ideas on an unethical ledger, if Bitcoin doesn’t make it, anything will. Channel the energy to fundamentals, no ideas.
Great panel 👍👍👍
Thank you @ercwl for trying to get a good signal/noise ratio. Keep watching those game theory incentives!
binance auditors can and did establish that there were coins set aside to match the customer balance.
critics then asked "but what if binance doesnt honour withdrawals.
critics then asked "but what if binance has corp debt and uses customer reserves"
no auditor can audit the mindset of a CEO. so that presents a risk if a CEO has no fiduciary responsibility to its customers. so auditors dont want to deal with non fiduciary companies
Please stop saying this is bottom.
good pod, think about adding some time/theme directors
Very interesting thank you
At 1:18:27 AMEN, open protocols.
This is the way.
I have spoken.
16:20 "I believe tether has the funds" Really? Prove it, we need more than hope at this point... Your argument has 0 support based on believe.
as for the CEX:p2p ratio 50%:50% comment
there are 43m addresses. meaning less than 40m p2p users(people can own more than 1 address)
yet coinbase +binance alone have nearly 100m customers
so lets at maxim call it CEX 120m: p2p 40m
at best id say 3:1 CEX:p2p
75%cex 25% p2p AT BEST
If You Guys want this to work you're going to have to lead the way by calling Balls and Strikes which actually requires the former.😐
Work on your uptalk.
I appreciate this channel but, I have to say, this is such an echo chamber discussion. Calling Binance 'transparent' is like saying an incredibly dirty window is still a great source of daylight: it absolutely could be but it currently is not.
I also think that talking about the 'likelihood' of bad stuff happening to Binance is the wrong discussion to be having. You might as well be talking about the likelihood of a legit audit. As in, if one is conducted, bad stuff happens to Binance.
Also, saying that "the people calling out Binance now - they're not gonna get called out if nothing bad happens to Binance, so there's an incentive for everyone to go out and call out as many things as they possibly can" is kinda dumb. It's an argument to ignore bad practice. He's saying it because he, himself, got flack for not doing due diligence in regards to FTX. Well, great, do it again for Binance dude. Double down on your ignorance.
I can't help but think that, if Binance was first, they'd all be defending FTX and the character of SBF in the exact same way.
I couldn't watch this all the way through. 10 mins in, it's lots of smoke blowing and self back patting, while ignoring actual issues.
Is crypto a scam? Just look at all the marshmello comments and decide for yourself.
YT is happy to allow bots and scams. That isn't crypto.
Until maxis stop talking or tell us what bitcoin can do for the good of humanity, this crypto bs is worthless
Term “Hysteria” is specific to female gender I’d avoid that in this subject matter
I'm offended
The correct term would be Euphoria or Capitulation.
Sort of off-topic but the term "Hysteria" shouldn't be used anymore given how dark it's history is an how offensive it is. I am guessing it will be a fully toxic word in years to come.
Damn you guys talk really slow. I had to increase the video speed so I didn't fall asleep lol
Maybe they are high - in the current environment, I wouldn't blame them!
@@projectkj7643 maybe I'm to high 😆
@@aggressivecrypto925 😂
I disagree. So glad they don’t speed up their voices like every other youtube channel to “increase engagement”
It's called normal conversation. You are used to go bam bam bam, spoilt by the crypto world and living a clown life bro
Ark and crypto has to be one of the worst combinations in financial history
I think you guys are underestimating the likelihood that no one will even care about crypto in 10 years and that it could go into terminal decline.
I think we should revisit this in 10 years. History, Ark and I all believe that you can’t stop technology.
@@MarkGibbonsCh We're being forced to accept it.
@@dumbereveryday5372 I agree, you can fight it if you want, but the best move is to jump on board and make the most of it. EIther way you cannot stop it, the majority will embrace it, just like the internet.
I’m guessing, you were one of those people who said the exact same thing about internet.
Sure, but if there is even a 10% chance crypto works the I want to be diversified in early
No floor for arkk
Cryptophants - crypto + sycophants
The rant at 13 mins was spot on and looks like @meetkevins strategy toward binance