Brady Dale joins the podcast to discuss his book, ‘SBF: How the FTX bankruptcy unwound crypto’s very bad good guy’ and offer his thoughts on the present and future of cryptocurrencies.
Content Highlights
- Who is Sam Bankman-Fried exactly? Is he a crook? (Yeah, probably) Misunderstood? The author has known SBF for awhile and states that his subject was initially motivated by effective altruism, or EA … (1:27);
- FTX was undone by its special treatment of Alameda. If it wasn’t for that, “Sam would still be on the news all the time” today (10:54);
- Bankman-Fried’s apparent misreading of crypto cycles led to ill-timed bets after Bitcoin hit an all-time high in November 2021 (14:26);
- In one of SBF’s last conversations with the author, SBF claims he is unlikely to get a fair trial due to being proverbially hung already in the courts of opinion (17:59);
- Where does SBF rank among other financial market fraudsters? Perhaps Long Term Capital Management is the closest comparison… (23:52);
- Background on the guest, including what got him to write the book on SBF (34:03);
- Cryptos should eventually become a normal part of the economy. In many ways the story of SBF vindicates this (38:26);
- The world only really needs three blockchains: Bitcoin, Ethereum, and Dogecoin (44:28);
- Crypto regulation was supposed to have happened already, but it all seems to be talk (49:58).
More From Brady Dale
- Purchase the book from Wiley or Amazon;
- Twitter: @BradyDale;
- Subscribe to his Axios newsletter.