Ep 219 FTX blowup for dummies: is Crypto.com next?
Liberty Lockdown
Clint Russell
4.8 • 1.2K Ratings
🗓️ 13 November 2022
⏱️ 55 minutes
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| 0:00.0 | Liberty locked down please scan your bar cold your liberty ain't gone but yeah it's on |
| 0:03.6 | hold where did it come from and where did it go it requires a fight not tweeting from |
| 0:07.7 | your phone don't need a king get them off the fucking throne if you're riding |
| 0:10.7 | with the thought you've always got a home the virus is scared of will be your pilot today on the |
| 0:30.4 | FTX Dreamliner. |
| 0:33.2 | Let's hope it doesn't crash. |
| 0:34.8 | Ha ha, just kidding. |
| 0:36.4 | I'm a very competent pilot. |
| 0:38.1 | We won't have any issues today. |
| 0:39.3 | Imagine if a pilot actually said that to you. |
| 0:41.0 | You'd be like, get me the fuck off this plane immediately. |
| 0:46.4 | So yeah, I've had a bunch of my listeners DM me asking for me to explain what happened with FTX. For those that aren't aware, |
| 0:54.8 | FTX was the third largest centralized exchange for |
| 1:00.0 | cryptocurrency. So that doesn't just mean Bitcoin. That means they traded a whole litany of different, you know, shit coins as well. And they also had their own token, which is always a sign that you should probably be skeptical of what they're doing. It doesn't inherently |
| 1:17.2 | mean that, but anytime I see that, I start to go, okay, what's really going on here? |
| 1:21.3 | If you're trying to get into that game on top of just |
| 1:24.9 | being a platform for people to trade on top of having a hedge fund-style trading |
| 1:30.3 | vehicle that is allegedly separate but maybe not so much. |
| 1:34.0 | Eh, I get real nervous real fast. |
| 1:38.0 | So I'm going to break that down for you guys in as simple a terms as I could possibly do it so that everybody could understand and maybe later in the week I'll have on you know Guy Swan or someone to help take us deeper |
| 1:50.2 | Give us some more in-depth coverage for the geniuses out there but before I do I want to thank |
| 1:54.8 | our new sponsor and that is THC hemp spot. They're owned by a long time Ron Paulian who took Jeff |
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