BREAKDOWN: John McAfee and the End of Crypto’s Gonzo Era

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4.7 • 698 Ratings

🗓️ 24 June 2021

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

An unignorable icon’s passing marks the end of an important early age in crypto. This episode is sponsored by Nexo.io and Circle. The passing of an icon in crypto necessitates reflection. John McAfee was at times reviled, and at the same time, deadly serious and a prophet, sometimes a clown. The many facets to his personality mirror the roller-coaster history of crypto, a Wild West of finance in its earliest days. Join NLW in this episode of “The Breakdown” for a journey first through the winding history of McAfee, followed by a narrative tour of the many flashpoints in the “gonzo” era of early crypto. This episode contains explicit language. Sensitive listeners, please be advised. - Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io. - Circle Yield, now in early access, enables qualified businesses to generate returns up to 6% with 1 to 12 month terms by deploying capital into USDC on a Circle Account. Sign up for the fully secured, institutional yield product at circle.com/nlw. - Image credit: Anthony Kwan/Bloomberg/Getty Images, modified by CoinDesk See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:45.6	That's audible.com slash Wondery UK.
0:49.8	John McAfee died yesterday. He was 75. However it happened, it happened. And with it, something
0:56.1	larger passed too. And sure, there are still some gonzo people. But overall, with every week that
1:01.8	passes, the industry becomes a little less gonzo and a little more Goldman Sachs.
1:08.0	Welcome back to The Breakdown with me, NLW.
1:12.1	It's a daily podcast on macro, Bitcoin, and the big-picture power shifts remaking our world.
1:18.5	The breakdown is sponsored by nexo.io and circle, and produced and distributed by CoinDess.
1:25.5	What's going on, guys? It is Thursday, June 24th.
1:29.5	Hunter S. Thompson wrote,
1:31.1	Some may never live, but the crazy never die.
1:35.2	Yesterday, John McCaffee died in his Spanish prison cell,
1:38.5	waiting to be extradited back to the U.S. to face trial for tax fraud.
1:42.1	Just hours earlier, a Spanish judge had cleared the extradition to go through.
	...

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