The Chopping Block: Michael Lewis Swindled, SBF’s Effective Altruism Ruse, Ethereum Protocol Enshrinement - Ep. 552

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 4 October 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, they discuss the wildest claims in Michael Lewis’ new book on Sam Bankman-Fried, debate whether SBF’s effective altruism was ever genuine, and whether Ethereum should enshrine more features onto its protocol. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: Michael Lewis’ interview on “60 Minutes” and the wildest claims in his new book Whether SBF would have paid Donald Trump $5 billion not to run for president Why Lewis characterizing FTX’s downfall as a bank run is misleading Whether FTX executives, in the moment of the collapse, fled to their parents’ homes Was SBF genuine in his belief in effective altruism or was it clever branding Whether we will still be talking about the SBF trial years down the line The debate on whether Ethereum should enshrine more features onto its core protocol Whether Lido poses a centralization risk to the Ethereum ecosystem Predictions on how the SBF trial will play out and whether SBF has a trick up his sleeve Hosts Haseeb Qureshi, managing partner at Dragonfly Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Tarun Chitra, managing partner at Robot Ventures Disclosures Links SBF’s trial: Unchained: Here’s How Sam Bankman-Fried’s High-Stakes Trial Could Play Out SBF Trial: How Sam Bankman-Fried’s Lawyers Might Try and Win His Case The High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect CBS: Rise, fall of Sam Bankman-Fried, FTX at center of Michael Lewis' new book | 60 Minutes Protocol enshrinement: Unchained: Ethereum’s Vitalik Buterin Warns of Risks in Lido and Rocket Pool Some Ethereum Staking Services Commit to 22% Self-Limit of Validators Others: Cryptoslate: Terra's Do Kwon and Daniel Shin conspired to falsify transactions, chat logs show Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	the claim that Michael Lewis makes is that he thinks that Sam lost his way, but fundamentally
0:04.6	he was more or less the same guy like he never really believed in crypto.
0:08.1	He always saw cryptos instrumental and that I think everybody who's ever met Sam agrees
0:11.8	with is that Sam was not a true believer.
0:13.6	He didn't really care that much about the industry.
0:15.5	He just wanted, he saw it as an opportunity to make money.
0:18.2	But it wasn't because he just, you know, he loves cars or private jets or whatever.
0:22.9	Not a dividend.
0:23.9	It's a tale of two pun.
0:24.9	Now your losses are on someone else's balance.
0:27.6	Generally speaking, air drops are kind of pointless anyways.
0:30.1	I'm in the trading firms who are very involved.
0:33.1	I like that eat the ultimate.
0:35.3	DeFi protocols are the antidote to this problem.
0:39.0	Hello everybody, welcome to the chopping block.
0:40.9	Every couple weeks, the four of us get together and give the industry insider perspective
0:43.9	on the crypto topics of the day.
0:45.8	So quick intro is first we got Tom, the DeFi Maven and Master of Memes.
0:49.2	Next we've got Robert, the crypto connoisseur, and Zarr of Superstate.
0:52.5	Then we've got Turun, the Gigabrain, and Grand Puba at Conlet.
0:55.8	And finally, I'm Haseeb, the head height man at Dragonfly.
0:58.6	We are early stage investors in crypto.
	...

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