Welcome to a weekend bonus episode of the Tech Mem Ride Home. I'm Brian McCullough.

Sometimes the bonus episodes are forgetting news in areas that I might have missed or might not have made

room for on our show, but I still find interesting.

This week I reached out to Brady Dale of Coin Desk because I knew he was a listener and I knew he could give us some more

background on, for example, Facebook's recent moves in the crypto space, but also some other crypto news we haven't gotten to and just the state of the

crypto space generally. Thank you Brady Dale of coin desk. Let's start really basic. What is the general state of crypto right now in the sense that again

this is not my space I kind of observed it from afar but a couple months ago it seemed

like the sky was falling,

Bitcoin was flirting with $3,000 or something like that.

Just on a basic pricing level, have things stabilized a bit across the board?

I think I mean I think they have you know I don't watch price super frequently

we have a couple of reporters who are really good at doing that. I mean the sky is a little bit falling, but it's not going to fall. I guess the crux of it is, it's just not going to fall all the way down. You know, everyone who I, I focus on kind of the

startups in the space and those of those that were here through the last contraction,

I'll say that, you know, this is just not nearly as bad as it was last time.

Like no one, no one seriously thinks, like there was a chance the last time there was a big

contraction that crypto was just going to go away and no one seriously thinks that this time but it is you know it's crypto winter

You said that the sky is still falling a little bit what what did you mean by that?

Well, I just, you know, there hasn't been, there hasn't been anything that's made the general public excited about crypto again. So, you know, the mean in crypto land

is that there, it's this biddle moment

is what they as opposed to hodle.

So everyone is, everyone who's still in is focused on building things that the public or you know that other crypto companies or you know enterprise wants, but no one has really built that thing that has been you know useful in a

widespread way and gotten outsiders excited again so it's just all very inwardly focused and as long as it's

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