Is ALL DeFi Bullsh*t? with Brad Mills
The Bad Crypto Podcast
Joel Comm and Travis Wright
4.7 • 1.2K Ratings
🗓️ 21 November 2022
⏱️ 79 minutes
🧾️ Download transcript
Summary
If you had been paying attention to the guest on today’s show, you may have gotten out of Luna or Celcius before they came crumbling down. His take on DeFi back on our April show got our attention. And with the aftershocks of FTX still rumbling through the crypto and financial world, we thought we’d invite him back to go deeper down the rabbit hole.
What is the next domino to fall and how you can avoid getting burnt? We’ll discuss with Brad Mills today on our “Is all DeFi BS?” Episode #651 of The Bad Crypto Podcast.
FULL SHOW NOTES: http://badco.in/651
TIME STAMPS
00:00 - Intro
07:30 - When were you first talking about FTX and the red flags?
11:30 - Is all DeFi a scam?
14:30 - What does this mean for Ethereum?
16:09 - You’re mentioning there are other risks in the market. Which of these coins have the greatest risk for you?
25:40 - Rebasing entered the market; what the hell is this?!
30:51 - What exactly drives the market cap of cryptocurrencies?
32:30 - Exactly. P/E ratios are often bogus in crypto.
35:30 - How connected do you think the FTX and SBF fallout is to the US government?
37:35 - The New York Times put out this puff piece on Sam Bankman-Fried. What are your thoughts on mainstream media journalism?
40:15 - Sam was printing tens of billions of dollars, just like Binance, Andreseen Horrowitz, Coinbase and others.
45:30 - CZ at Binance was public about his liquidation of FTT, earning Travis’ respect. What are your thoughts?
47:15 - They are scheduling a hearing about FTX. Let’s look back at Sam’s Tweets. He’s now coming out and saying he wants to try again and make it all back. Even Kevin O’Leary is willing to back this guy again!
54:00 - Do you think the government is going to come out and say these are all unregistered securities and everything will go to zero?
58:15 - Give a warning around CBDCs to people.
1:11:11 - Closing Remarks
Full Show Notes at: http://badco.in/
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We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | If you'd been paying attention to the guest on today's show, you may have gotten out of Luna |
| 0:04.9 | or Celsius before they came crumbling down. His take on DeFi back on our April show got our attention. |
| 0:11.7 | And with the aftershocks of FTX still rumbling through the crypto and financial world, |
| 0:16.7 | we thought we'd invite him back to go deeper down the rabbit hole. What's the next |
| 0:20.8 | domino to fall and how can you avoid getting burnt? We'll discuss with Brad Mills today on our |
| 0:27.2 | is all DeFi BS episode number 651 of the Bad Crypto Podcast. |
| 0:57.9 | Is anything even real anymore? I don't know. It's hard to tell. He probably better listen to this |
| 1:10.6 | podcast to see if what you think you know is even right at all. Is all DeFi doomed? Is it bullshit? |
| 1:16.9 | What? How do we even know? This guy in the past is called |
| 1:21.8 | several of them pretty correct. He called Luna. You better get out of that. He said, |
| 1:25.3 | hey, you probably better get out of Celsius. Hey, you probably FTX is looking like a bunch of bullshit. |
| 1:31.8 | We had to invite him back. Yeah, we had to bring him back again. He's got a lot of content. |
| 1:37.3 | Many words were excited to talk about him. And we've got a bonus segment that is not in the show |
| 1:44.4 | where he's going to give his take on NFTs. We want to give that NFT. We want to give that clip to |
| 1:50.4 | you in the form of an NFT for free. We'll tell you how you can get it here after the interview. By |
| 1:56.5 | the way, welcome to the Bad Crypto Podcast. I'm Joel. Thank you. Thank you, Joel. I'm excited to |
| 2:01.4 | show up today. Yeah, it's good. Good that you're here. I'm here. You're here. And if you don't |
| 2:08.2 | have the nifty club right there, you need to go do it. You can go to badcrypto.uncut.fm and get one. |
| 2:16.9 | It's like 0.002E. It's very low because we didn't want the bots to grab a bunch because that's |
| 2:24.5 | how they roll. And we're not trying to have fake or numbers and anything. But we're going to start |
| 2:28.3 | dropping. We've been dropping. And we're going to start dropping even more cool things in there. |
| 2:32.0 | So you got to drop three so far. And I guess we'll tell you about it now instead of after the |
... |
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