4.4 • 743 Ratings
🗓️ 1 December 2022
⏱️ 62 minutes
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FTX and Sam Bankman-Fried have been all over the news lately, but to the uninitiated in cryptocurrency, it can be hard to puzzle out what the real-world implications are. How does this affect the way money is handled? Are there any real-world parallels that might be more understandable with no in-depth knowledge of crypto? It turns out there are a lot of day-to-day lessons we can take from this situation, and that's what the MTA argument breaks down here.
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0:00.0 | SBF, FTX, we have all kinds of acronyms flown around, but what we really know is that the second largest donor to the Democratic Party in the last midterm election cycle has apparently just defrauded tens of thousands of people that were investing in his crypto exchange. |
0:16.1 | And this has caused a lot of speculation across the board, but here's what we need you to know, is that |
0:21.0 | there's a lot of people that bought into this, but now seem to be changing their tune. And we |
0:25.7 | actually think that there's some hidden reasons that they're not telling us about on why they're |
0:29.8 | doing what they're doing. We're going to explain all of that so that you'll be able to |
0:33.9 | converse on this topic in a way that is intellectually sound coming up on this episode. |
0:39.7 | We know the story broke a couple of weeks ago, but we wanted to wait till we had all of the |
0:43.5 | information and our thoughts together before we talked about it with you. |
0:46.5 | So if you have any thoughts on this issue and this topic, I hope you'll let us know in our |
0:50.0 | volley chat, which you can join at the link in the description of this show. I am your host, Nick Freitas, member of the Virginia House of Delegates, but other than that, |
0:55.8 | a good person, my beautiful bride, Tina, Queen of the Bees. |
0:58.2 | Hello, everyone. |
0:59.1 | Our political prognosticator and resident historian, Christian Hines. |
1:02.3 | Hello. |
1:02.9 | And, and crypto enthusiasts. |
1:04.8 | Oh, and crypto enthusiasts. We also have Nick Hamilton, the good Hamilton, the one that doesn't like central banking, which is also going to play into this conversation. |
1:12.6 | And then of course, producer of producers, the new producer of producers. |
1:16.9 | Sour Patch Lids here to lay it out for all of us. |
1:20.1 | I am here. |
1:21.3 | I have some of a layperson's grasp of crypto, so I'm really looking forward to today's |
1:25.0 | conversation. |
1:26.0 | I kept seeing FTX and I can't wait to |
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