If you had been paying attention to the guest on today\u2019s 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\u2019d 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\u2019ll discuss with Brad Mills today on our \u201cIs all DeFi BS?\u201d Episode #651 of The Bad Crypto Podcast.\xa0
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?\xa0
11:30 - Is all DeFi a scam?\xa0
14:30 - What does this mean for Ethereum?\xa0
16:09 - You\u2019re mentioning there are other risks in the market. Which of these coins have the greatest risk for you?\xa0
25:40 - Rebasing entered the market; what the hell is this?!
30:51 - What exactly drives the market cap of cryptocurrencies?\xa0
32:30 - Exactly. P/E ratios are often bogus in crypto.\xa0
35:30 - How connected do you think the FTX and SBF fallout is to the US government?\xa0
37:35 - The New York Times put out this puff piece on Sam Bankman-Fried. What are your thoughts on mainstream media journalism?\xa0
40:15 - Sam was printing tens of billions of dollars, just like Binance, Andreseen Horrowitz, Coinbase and others.\xa0
45:30 - CZ at Binance was public about his liquidation of FTT, earning Travis\u2019 respect. What are your thoughts?\xa0
47:15 - They are scheduling a hearing about FTX. Let\u2019s look back at Sam\u2019s Tweets. He\u2019s now coming out and saying he wants to try again and make it all back. Even Kevin O\u2019Leary is willing to back this guy again!\xa0
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?\xa0
58:15 - Give a warning around CBDCs to people.\xa0
1:11:11 - Closing Remarks
Full Show Notes at:\xa0http://badco.in/
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DISCLAIMER:
Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.
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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