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I didn't know the whole story of Sam Bankman-Fried. This book will do that for you. From our very good friend of the show Brady Dale: SBF: How the FTX Bankruptcy Unwound Crypto's Very Bad Good Guy Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, veteran crypto journalist Brady Dale unpacks his new book, SBF: How The FTX Bankruptcy Unwound Crypto's Very Bad Good Guy. The book explores Bankman-Fried's worldview and his quest to make FTX the number one crypto exchange in the world, no matter the cost. Despite FTX's bankruptcy last year, Dale believes the exchange was not necessarily doomed to fail and that Bankman-Fried's need for absolute control was a critical factor. This episode is brought to you by our sponsor CleanSpark. About CleanSpark CleanSpark (NASDAQ: CLSK) is America’s Bitcoin Miner™. Visit cleanspark.com/theblock to learn more about the CleanSpark way.
Longtime crypto reporter Brady Dale has beat Michael Lewis to market with the first book on the dramatic collapse of FTX. In stores today, “SBF: How the FTX Bankruptcy Unwound Crypto’s Very Bad Good Guy,” tells the tale of the outsized role that Sam Bankman-Fried played in the FTX-Alameda death spiral. Drawing on years of reporting and interviews with SBF himself, the book charts the rise and fall of the one-time crypto wunderkind. “It became clear to me that Sam got really addicted to fame,” said Dale. 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: Brady’s background and how he came to cover crypto how covering the space for a crypto outlet is different from a more mainstream publication how Brady was able to finalize his book so fast what Brady’s favorite parts of the book are who was really responsible for the collapse of the FTX empire whether Sam Bankman-Fried will plead guilty whether FTX will make a comeback how SBF thinks differently from other people, and how it led to his downfall why Brady thinks the “dot-com bust” for crypto has yet to arrive whether crypto has betrayed its cypherpunk ideals Thank you to our sponsors! Crypto.com Guests: Brady Dale, writer and reporter at Axios, and author of “SBF: How the FTX Bankruptcy Unwound Crypto’s Very Bad Good Guy” Previous coverage of Unchained on Sam Bankman-Fried and FTX: The Chopping Block: Was FTX a Scam From the Very Beginning? How Much Prison Time Is FTX’s Sam Bankman-Fried Facing? Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Is the Collapse of Crypto Lending Over, or Is It Just Starting? Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Sam Bankman-Fried on How to Prevent the Next Terra and 3AC Learn more about your ad choices. Visit megaphone.fm/adchoices
The crypto bull market in 2017 inspired journalist Camila Russo to tell the story behind the creation of Ethereum. Russo's book, "The Infinite Machine," has caught the attention of Ridley Scott, whose production company Scott Free Productions has signed on to co-produce the film adaption. Ridley Scott is best known for helming such blockbusters as "Gladiator", "Alien", "Blade Runner", "Thelma & Louise", among many others. In this episode of The Scoop, Camila Russo recounts how her personal experience using crypto in South America showed her the advantages of decentralized systems and shares some striking revelations from time spent researching the origins of Ethereum. According to Russo, an important early dispute among Ethereum's eight cofounders centered around Ethereum's business model: "It was, 'Are we are we building a foundation to encourage building on top of this open source platform?' or, 'Are we building a for-profit company that's going to make tons of apps on top of this protocol?' . . . At the end of that, Vitalik had to make the call, and he decided that this would be a nonprofit foundation." One takeaway Russo hopes readers get from her book is the idea that "there is an alternative being built," when it comes to things like the internet (web3) and our financial system (DeFi). As of yet, there is no release date for the film adaptation of "The Infinite Machine," although the community has created an NFT collection to raise funds for the film. This episode is brought to you by our sponsors Circle, Railgun, Flare Network, NordVPN About Circle Circle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more. About Railgun RAILGUN is a private DeFi solution on Ethereum, BSC, Arbitrum, and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let RAILGUN’s Zero-Knowledge cryptography encrypt your address, balance, and transaction history. You can also bring privacy to your project with RAILGUN SDK and be sure to check out RAILGUN with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more. About Flare Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high integrity data from other blockchains and the internet, Flare enables new use cases and monetisation models. Build better and connect everything at Flare.Network About NordVPN NordVPN is essential for keeping crypto transactions secure, hiding your IP address and protecting your devices from hackers and data theft. Get premium cyber-security on up to 6 devices for the price of a cup of coffee a month. Get your exclusive NordVPN Deal and try it risk-free now with a 30-day money-back guarantee: Visit https://nordvpn.com/thescoop
Camila Russo, founder of The Defiant, is bringing Ethereum to Hollywood with the feature film adaptation of her fantastic book "The Infinite Machine." This is the first project of its kind and is gaining speed, recently attaching Scott Free Productions (Ridley Scott's company) to produce. With these headwinds, The Infinite Machine movie is set to disrupt Hollywood in more ways than one. Reflecting on how she got to this point and the long road ahead, our biggest questions are... wen movie? Who's going to play Vitalik? And how can YOU get involved? ------ 📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK https://bankless.cc/Opolis ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 🏦 ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA 👻 AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave ⚡️ MAKER DAO | THE DAI STABLECOIN https://bankless.cc/MakerDAO 🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave ------ Topics Covered: 0:00 Intro 7:00 The Social Network of Crypto 12:42 From Book to Script 18:41 Scott Free Productions 21:55 The Roadmap 26:00 Bankless Picks the Actors 29:45 Funding with NFTs 35:22 The Artists and DAO 40:19 The Defiant & the Future 46:02 Closing & Disclaimers ------ Resources: Camila Russo: https://twitter.com/CamiRusso?s=20&t=7RSAv0_0myTciEikiAR7mw The Defiant: https://twitter.com/DefiantNews?s=20&t=7RSAv0_0myTciEikiAR7mw The Infinite Machine (book): https://www.harpercollins.com/products/the-infinite-machine-camila-russo?variant=32123333836834 The Infinite Machine (movie): https://www.theinfinitemachinemovie.com/ ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
What is a DAO? How do they function? What is the history of this idea? Why have DAO's become so popular all of the sudden, and what are some examples of successful DAOs? The great Brady Dale from @DefiantNews joins Chris and Brian to explain. Learn more about your ad choices. Visit megaphone.fm/adchoices
Camila Russo is the author of The Infinite Machine and founder of The Defiant, the DeFi-focused media company. Camila has a rich backstory, taking her from Chile to Argentina, Miami, Madrid, Chicago, and eventually New York. With an entrepreneurial spirit and a passion for storytelling and journalism, Cami has earned her reputation as a leader in the space. As the Defiant expands into new territories of both data and content, Camila discusses her story of breaking into the world of journalism and finding crypto. As institutions flock to the space, it’s important to remember that stories and narratives are what capture the heart and minds of the people. ***** 📣 POOLTOGETHER | DEFI LOTTERY https://bankless.cc/PoolTogether ***** 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum 🍵 MATCHA | DECENTRALIZED EXCHANGE AGGREGATOR https://bankless.cc/Matcha 🔐 LEDGER | SECURE YOUR ASSETS https://bankless.cc/Ledger 🧙♀️ ALCHEMIX | SELF-PAYING LOANS http://bankless.cc/Alchemix ------ Topics Covered: 0:00 Intro 3:30 Cami Russo & South America 9:20 Entrepreneurial Spirit 15:22 Cami’s Start 21:28 Educating 25:35 The Dopamine of Scoops 31:05 Bitcoin to Ethereum 40:00 Why Ethereum? 46:05 Joining the Community 52:40 The Infinite Machine 1:01:23 The Power of Stories 1:07:44 Starting the Defiant 1:15 :08 Talking Shop 1:23:04 Narrative & Subjectivity 1:26:38 Maximally Successful Defiant 1:30:30 Closing ------ Resources: Camila on Twitter: https://twitter.com/CamiRusso?s=20 The Defiant: https://thedefiant.io/ ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
So, as I said, this is one of the clubhouse rooms we did this week. In fact, it’s the one from last night. Chris convinced me to split the two rooms into two episodes, so I’m releasing this one, from Friday first, and tomorrow I’ll post the one we did Monday night. Topics for this episode: Slack getting into social audio, Microsoft buying Discord, what the heck is BitClout! The great Brady Dale @BradyDale from Coindesk helped us out with that. And more explication of my rant concerning the whole Medium situation. Learn more about your ad choices. Visit megaphone.fm/adchoices
I don’t think this one requires any in depth intro. The great Brady Dale of Coindesk, walks us though the whole NFT phenomenon. What are NFTs? How do they work? Why are people so crazed about them at the moment? Learn more about your ad choices. Visit megaphone.fm/adchoices
I don’t think I’ve made any bones about the fact that I blow hot and cold on crypto. Sometimes I grow frustrated that it always seems to be a lot of sound and fury, ultimately signifying nothing. Or at least, not amounting to much that touches normal people’s lives. I dunno if that’s a fair way to look at crypto or not. But at the same time, there is no single corner of tech that has more activity, that has more passion and energy and, just pure, crazy creativity. Lots of people in crypto have adopted my book about the first half of the Internet Era because they hope it’s a guide for how, just when everyone has written off a movement, that’s when it finally breaks through. And I’ll admit, that’s why I keep my eye on a space. That’s why the activity around DeFi has caught my eye. By some measurements, this is crypto actually being USED, in a tangible real world way, and in volumes of activity we’ve never seen before. Is DeFi actually fulfilling the original economic promise of crypto? What, the heck, is DeFi? What is it doing? It’s hard for a knucklehead like me to get my mind around. So, I sent out the bat signal to Brady Dale of CoinDesk to tell me, what the heck is going on with DeFi? Brady's rough history of the DeFi movement Brady's explanation of Yield Farming Learn more about your ad choices. Visit megaphone.fm/adchoices
Camila Russo, founder of The Defiant and author of a new book on Ethereum, "The Infinite Machine," speaks about how currency controls in Argentina got her interested in crypto and explains why she chose to tell the Ethereum story. She discusses: how she started covering the crypto space what it was like living through currency controls in Argentina why she started focusing on Ethereum instead of Bitcoin what’s in her new book, The Infinite Machine the most pivotal moments in Ethereum’s history possible risks to Ethereum 2.0 because of delays whether competing protocols could take market share away from Ethereum the most surprising aspect of the Ethereum story starting her own DeFi-focused media platform, The Defiant why she launched ‘CAMI’ tokens and how they are used the significance of ERC-20 tokens having a higher market cap than ETH her predictions about trends and promising projects in the DeFi space Thank you to our sponsors! Crypto.com: https://www.crypto.com Tezos: https://tquorum.com/ Episode links: Camila Russo: https://twitter.com/CamiRusso The Infinite Machine: https://www.harpercollins.com/products/the-infinite-machine-camila-russo The Defiant: https://thedefiant.substack.com/ Excerpt from The Infinite Machine on CoinDesk: https://www.coindesk.com/sale-of-the-century-the-inside-story-of-ethereums-2014-premine Decrypt review: https://decrypt.co/35466/the-incredible-story-of-ethereum-the-infinite-machine Camila on what Ethereum has accomplished in five years: https://www.coindesk.com/five-years-on-ethereum-really-is-the-minecraft-of-crypto-finance Hidden Forces podcast with Camila: https://podcasts.apple.com/us/podcast/rise-ethereum-future-defi-transformation-crypto-media/id1205359334?i=1000484635053 Camila in the Keen On podcast: https://lithub.com/camila-russo-on-ethereum-and-the-future-of-the-internet/ Ethereum 2.0 phase 0 may not go live until 2021: https://www.theblockcrypto.com/linked/71155/eth-2-phase-0-ama-2021 Learn more about your ad choices. Visit megaphone.fm/adchoices
For the final weekend bonus episode of the year, I wanted to check in with Crypto. What a year for the space! Seemingly dead at the beginning of the year. But then the Crypto Spring™ happened. And then Libra happened. And so… where are we? No one better than CoinDesk’s Brady Dale to catch us up… Sponsors: PixelUnion.net Mealime Sofi.com/ride Learn more about your ad choices. Visit megaphone.fm/adchoices
Well, given the news of the week, I knew we needed to do a deep dive on Libra, so I called up our friend Brady Dale at CoinDesk and we get into it. What do crypto folk think of Libra? Is he surprised by the governmental backlash? And since by the time you hear this, bitcoin might already be back above $10k dollars? Are we out of the crypto winter and into crypto spring? Sponsors: PaintYourLife.com: Text the word TECH to 48-48-48 Rhone.com/ride promocode RIDE at checkout Subscribe to the ad-free premium feed! Learn more about your ad choices. Visit megaphone.fm/adchoices
Sometimes the bonus episodes are for getting news in areas that I might have missed or might not have made our show, but I still find interesting. This week I reached out to Brady Dale of Coindesk, because I know he’s a listener and I knew he could give us some more background on Facebook’s recent moves in crypto, but also some other crypto news we haven’t gotten to and just the state of the crypto-space generally. Sponsors: LinkedIn.com/ride Tiny.website Subscribe to the Premium, Ad-Free Podcast Feed! Learn more about your ad choices. Visit megaphone.fm/adchoices