Crypto Roundtable: SBF updates, $GBTC's role, Saylor says $ETH is unregistered security | E1631
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 8 December 2022
⏱️ 57 minutes
🧾️ Download transcript
Summary
Sunny and Vinny are BACK to break down all the important topics in crypto: SBF updates (2:52), how $GBTC played into the industry unraveling (11:34), why we should be paying attention to Genesis (25:51), Michael Saylor's recent comments (44:13), and more!
(0:00) Jason tees up today's crypto roundtable!
(2:52) Sunny and Vinny are back to talk about the current vibes in crypto and some updates on the SBF situation
(10:20) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist
(11:34) How the Grayscale Bitcoin Trust played into the industry unraveling
(24:21) Supergut - Get 30% off with code TWIST at https://supergut.com
(25:51) Why Genesis is more concerning than $GBTC
(35:00) Microsoft for Startups Founders Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups
(36:29) Decentralized exchanges, importance of self custody, how Solana's price drop relates to Genesis
(44:13) Michael Saylor's recent comments on Ethereum and Ripple being securities, problems with the "foundation" entity workaround
FOLLOW Vinny: https://twitter.com/VinnyLingham
FOLLOW Sunny: https://twitter.com/sundeep
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
Transcript
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| 0:00.0 | All right, everybody. We've got a great crypto roundtable for you today. |
| 0:03.7 | Sunny and Vinny, join Molly and J. Cal. I'm talking about myself and the third person. |
| 0:07.9 | To break down everything going on in crypto. Of course, we're going to talk about SPF, |
| 0:11.4 | FTX, but we're going to talk about the wider contagion and the source of all of those crazy, |
| 0:17.9 | 18, 20, 30 percent interest rates you were seeing in crypto. There was one place that was |
| 0:24.5 | causing all of this, the gray scale Bitcoin trust. And we're going to explain what that is and |
| 0:29.7 | why that couldn't cause this huge contagion. We're also going to do a vibe check and figure out |
| 0:33.9 | what's going on in crypto right now. As SPF, Sam, bank run fraud goes on his insane, |
| 0:40.4 | demented, I'm sorry, tour while having run what is apparently the greatest fraud in the history |
| 0:48.1 | of frauds making Bernie made off say, hey, pump the brakes, kid. Then finally, Michael Seller |
| 0:53.6 | goes scorch earth on anything but Bitcoin, saying the obvious that ripples of security. |
| 0:59.7 | But then talking about all of the other foundations that have tokens out there and saying they're |
| 1:05.2 | obviously securities, we're going to talk about this issue and what it means for the wider crypto |
| 1:09.4 | space and America's viability in the global market where other people don't have as tight |
| 1:15.9 | restrictions on what you as an individual can do with your money. It is a hot episode. It's an |
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| 1:49.0 | are here and between the eating, drinking and traveling, for many of us it can be a hard time |
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... |
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