The Chopping Block: The Role of Media in Crypto, Blockworks Op-Ed, and Apps vs. Infrastructure - Ep. 673

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 12 July 2024

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Robert Leshner, and Tarun Chitra explore the latest trends in the crypto world. In this episode, Jason Yanowitz from Blockworks joins the squad to explore the media's significant role in the crypto industry. They discuss challenges faced by the media in meeting client demands and industry expectations, and highlight financial sustainability and biases. The hosts compare crypto media to mainstream journalism, examining the balance between journalistic integrity and revenue. They critique broader media trends, discussing monopolistic narratives and public dissatisfaction, with a specific look at political coverage. The episode concludes with reflections on the media's evolving role in truth dissemination amidst industry fragmentation. Show highlights 🔹 The Airdrop Era: Examination of the potential end of the airdrop/token narrative. 🔹 Investing in Apps vs Infrastructure: Debate on funding apps versus infrastructure projects. 🔹 Crypto Media Trends: Analysis of shifts in crypto media, major acquisitions, and industry stance. 🔹 Challenges in Crypto Media: Ethical questions and investor pressures media firms face. 🔹 Future of Media: Trends in media companies, prediction markets, and trust dynamics. 🔹 Media Integrity: Exploration of media's perception, skepticism around its business motives, and flawed business models. Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Tom Schmidt, General Partner at Dragonfly ⭐️Robert Leshner, CEO & Co-founder of Superstate ⭐️Jason Yanowitz, Founder of Blockworks Disclosures Timestamps 00:00 Intro 02:30 Airdrops and Token Valuations 04:04 Apps vs. Infrastructure 14:26 Venture's Not a Charity 22:41 Crypto Media Landscape 32:31 Revenue in Media 34:26 Trust as the Cornerstone of Media 35:27 The Blockworks Op-Ed Controversy 38:55 Navigating Media Bias and Trust 44:18 Balaji's Anti-Media Sentiment 49:57 The Future of Media and Truth Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I wake up every day and there's a person mad at me every morning for something that we have done, right?
0:05.5	There's somewhat like here's the message I get every day. Why didn't you cover us?
0:10.8	Like companies I've invested in or sponsors or advertisers or big
0:16.2	clients of our research platform, why didn't you cover us? We just raised this money
0:19.6	why didn't you cover us? So and it's funny I'll see like people kind of shit on the media a lot because it's a it's a it's a common
0:27.8	thing to do right it's like that the damn media but then like in the
0:31.6	dems and the emails it's like yeah, but please please please can you write a story about us not a dividend
0:36.4	It's a tale of two quand now your losses are on someone else's balance
0:40.3	Generally speaking aircrafts are kind of pointless anyways. I named
0:43.7	trading firms who are very involved. Alec.8 is the ultimate problem.
0:48.3	D5 protocols are the antidote to this problem.
0:52.7	Hello everybody welcome to the shopping block.
0:54.5	Every couple weeks, the four of us get together and give the industry insiders
0:57.0	perspective on the crypto topics of the day.
0:59.4	So quick intro, so you got Tom, the Defy Mavis and Master of Memes. Hello everyone.
1:04.0	Next we've got Robert, the Criticonisseur and Tsar of Superstate.
1:07.0	Good afternoon.
1:08.0	And today joining us we've got special guest, Yano, Media Elite at Blockworks.
1:13.2	Oh, the Media Elite, tough intro.
1:15.0	Tough.
1:16.0	Tough.
1:18.0	But waiting all day for what is this even going to say,
	...

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