ฝัง
- เผยแพร่เมื่อ 1 มิ.ย. 2024
- Kevin Zhou, cofounder of Galois Capital, and Jesse Powell, cofounder of Kraken, talk about why FTX collapsed, the warning signs, and whether it’s a catalyst for self-custodial adoption.
🔥 EPISODE LINK 🔥
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Show highlights:
🔹 the root causes of the FTX collapse, according to Jesse and Kevin
🔹 whether there were warning signs of all the risks that were to come
🔹 the importance of learning from mistakes, even for new people in the space
🔹 Kevin's response to the stuck funds in FTX
🔹 the debate about utilitarianism and SBF's effective altruism
🔹 whether the philosophy behind founders matter
🔹 Kevin's and Jesse's theories of how FTX and Alameda lost billions of dollars
🔹 how Alameda and FTX's books were commingled
🔹 whether people will start using self-custodial wallets
🔹 whether the fall of FTX vindicates BTC maximalism
🔹 whether regulation has been beneficial or harmful for American customers
🔹 the role of venture capital firms and their "mixed incentives"
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Time Stamps:
0:00 Intro
0:55 Causes of the FTX collapse
04:33 Red flags
09:19 Galois Capital's stuck funds
12:19 Utilitarianism
21:00 Missing money
37:22 Accounting practices
43:41 Consequences
50:50 Bitcoiners
54:44 Regulation
1:04:25 Venture capital firms
1:08:00 The role of media
_______________________________________________________
#bitcoin #ethereum #crypto #cryptocurrencies
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Really appreciate this high quality coverage. Great discussion.
I had some ethereum on kraken. A few days after FTX saga I moved it off the exchange right away. Good to hear Jessies comments in this regard.
Excellent content again, thanks so much.
Another fantastic episode guys... this Engineering student is now firmly interested in philosophy. Big fan of both Jesse and Kevin. Onwards and upwards!
Great show, wonderful guests.
Laura is just amazing interviewer
Very good show. Kevin sounded much different than prior to the merge. He’s a very bright guy, but I think over confidence may have clouded judgement. Jesse, certainly impressed me taking morals seriously. While I deal with BTC and Lightning only, usefulness of other crypto is being figured out. Sharding does break DeFi technically and I think another solution should be sought. I see many roadblocks right now, but they could be solved.
get a try of digging into Curve, convex, concentrator protocols.
Laura is absolutely awesome, thanks for the content
Great interview until... Laura tries to explain NYT FTX article. 🤣
She still has friends in the industry...
in general, what is bothersome is that those who are criticizing FTX today did not do so before the collapse, especially those who speak with such confidence today.
Jessie did
Great uploads Laura.
Kevin had Laura on the ropes with that one question lol She knows the truth lol
3 long haired humans talking sense (not long hair but longer than usual )
decentralized exchanges matters in this space. not the character of a centralized exchange.
Excellent chat. Kevin is a real bright spark isn't he. Jesse looks a bit like a Byron bay hippy but thats ok. He wants to keep his head warm.
pls nix the ads at some point for the good of the people.
Laura wants to say yall didnt pay enuff lol
57:30 - asking the regulators why they aren't going after the guys off shore? Then they turn you down. And you wonder why. Even the slightest knowledge of.... fuck it no, if you can't work it...
audio lag
THis people were his partner for podcast...dont forget that...some of them given money to SBF to trade for them...let that sink in...they shillle what they want to sell you....
This should be played at the trial.Kevin’s IQ seems quite high
Sorry.. Not feeling for Kevin one bit.. TY Laura
Ok guys, you talk the talk but how about getting rid of shit like ADA and call out Charles Hoskinson’s endless lies, dumping coins on retailers. If you don’t stop this, you are no better than all those bad actors but to a lower degree!
Lol
Sounds like you’re better suited to call this out. Why don’t you build a major platform and convey that message yourself?
Market cycle still hasn't met its balance,
I need to start investing…...
He is on tel
@Kennetgibbs_bch
You can reach him on tel
I learned a big lesson from Jesse and Kraken - Not your keys not your coins. . They locked my account for a few months, never responded to any communication, never said why. After I filed fraud claims and criminal warnings with several govt agencies they contacted me and told me I had 3 days to move my crypto before they closed my account. I know all along why they did it but they never said a word. Jesse is full of sh…t. If everyone took their coins off his exchange - much less trading - much less fees.
Bullshit. If they really did freeze your account for a few months they probably had a good reason to do it that you're not (conveniently) disclosing. What's this reason for doing it that you knew all along?
answer the fucking question
@@BigBrolls I changed my address from India where i live to US where I'm a citizen. gave them all the docs and followed all their instructions. approved then 2 days later locked out. If they had a good reason why didn't they tell me and give me a chance to fix the problem. chill out knowitall
@@itsme-le1bg I'll just say that in the US because of regulation and KYC you can get you account locked. When I first got into crypto I didn't understand the distinction between Binance and Binance US. Binance allowed me to open an account and when I tried to fund it my bank permanently locked my account with no warning. There are a lot of scammers and bad actors out there, that's why they have these safe guards in place. You got lumped in with the rest of those people because you trigger a red flag.
Kevin zhou was one of the main grifters behind the EthW fork, he’s as bad as Sam and should go down with the ship
What? Why is he as bad as sam? Are you mentally disabled?
He overhyped the ethw risks sure but who did he scam? Saying he’s as bad as Sam is redacted
He was playing both sides of the trade and no different short sellers.
And yet you still shill links for centralised exchanges for your sponsorship. Time to review your sponsors, Laura. You're part of the problem.
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