Charlie Warzel

Most of the people who do lose everything are the people who have the least, right? Like the whales usually don't lose at all. They're diversified, whatever. it was a terrible thing for a lot of people. It was totally contained, though, from the global financial system.

Most of the people who do lose everything are the people who have the least, right? Like the whales usually don't lose at all. They're diversified, whatever. it was a terrible thing for a lot of people. It was totally contained, though, from the global financial system.

Most of the people who do lose everything are the people who have the least, right? Like the whales usually don't lose at all. They're diversified, whatever. it was a terrible thing for a lot of people. It was totally contained, though, from the global financial system.

It was not like, you know, when the bottom drops out of a bunch of people defaulting on their mortgages that all of a sudden, you know, we end up with, you know, bankers in the street, you know, lighting their little boxes of their desk stuff on fire. That is what, like, protects us right now. Like, you can be for all of this you know, I want a decentralized currency.

It was not like, you know, when the bottom drops out of a bunch of people defaulting on their mortgages that all of a sudden, you know, we end up with, you know, bankers in the street, you know, lighting their little boxes of their desk stuff on fire. That is what, like, protects us right now. Like, you can be for all of this you know, I want a decentralized currency.

It was not like, you know, when the bottom drops out of a bunch of people defaulting on their mortgages that all of a sudden, you know, we end up with, you know, bankers in the street, you know, lighting their little boxes of their desk stuff on fire. That is what, like, protects us right now. Like, you can be for all of this you know, I want a decentralized currency.

It's easier to send money to people in different countries. I like the culture around it. I like to essentially gamble on the price of Bitcoin, like all that stuff. Hey, like if I get it. Free country. Right, sure, exactly. But the idea that like a bunch of people are going to like,

It's easier to send money to people in different countries. I like the culture around it. I like to essentially gamble on the price of Bitcoin, like all that stuff. Hey, like if I get it. Free country. Right, sure, exactly. But the idea that like a bunch of people are going to like,

It's easier to send money to people in different countries. I like the culture around it. I like to essentially gamble on the price of Bitcoin, like all that stuff. Hey, like if I get it. Free country. Right, sure, exactly. But the idea that like a bunch of people are going to like,

hump and dump into this into this currency that you know it's going to be there's you know no guardrails between city banks holdings in you know this realm and in the crypto realm and the fact that like if we do have another ftx style collapse of some kind and this realm of like of crypto finance too is just it's the wild west like you just have i mean you have

hump and dump into this into this currency that you know it's going to be there's you know no guardrails between city banks holdings in you know this realm and in the crypto realm and the fact that like if we do have another ftx style collapse of some kind and this realm of like of crypto finance too is just it's the wild west like you just have i mean you have

hump and dump into this into this currency that you know it's going to be there's you know no guardrails between city banks holdings in you know this realm and in the crypto realm and the fact that like if we do have another ftx style collapse of some kind and this realm of like of crypto finance too is just it's the wild west like you just have i mean you have

so much money laundering going on, so many people using it for crimes.

so much money laundering going on, so many people using it for crimes.

so much money laundering going on, so many people using it for crimes.

It's not to say that the traditional world of finance is great, but like to have those things together in that sense, and then to have, you know, a potential global financial crisis because all these banks have FOMO and don't want to miss out on, you know, you know, giving their clients access to something like this because, you know, their son likes to trade it on Coinbase. Like,

It's not to say that the traditional world of finance is great, but like to have those things together in that sense, and then to have, you know, a potential global financial crisis because all these banks have FOMO and don't want to miss out on, you know, you know, giving their clients access to something like this because, you know, their son likes to trade it on Coinbase. Like,

It's not to say that the traditional world of finance is great, but like to have those things together in that sense, and then to have, you know, a potential global financial crisis because all these banks have FOMO and don't want to miss out on, you know, you know, giving their clients access to something like this because, you know, their son likes to trade it on Coinbase. Like,

all of that is just, it's maddening. It's like freaky. And so I think like that is the place where I think you could find reasonable democratic opposition, which is to say like, Hey, it's a free country, but like, we don't want people losing their shirts and, and not even investing in it.

all of that is just, it's maddening. It's like freaky. And so I think like that is the place where I think you could find reasonable democratic opposition, which is to say like, Hey, it's a free country, but like, we don't want people losing their shirts and, and not even investing in it.