Charlie Warzel
๐ค SpeakerAppearances Over Time
Podcast Appearances
Like it, yeah, it's probably not a great idea. But I think where we might be going with this conversation, there is a really large concern when it comes to... I'm not a defender of big investment banks by any stretch, but I also think co-mingling our financial system with the most volatile speculative assets ever really to exist is a freaking nightmare.
Like it, yeah, it's probably not a great idea. But I think where we might be going with this conversation, there is a really large concern when it comes to... I'm not a defender of big investment banks by any stretch, but I also think co-mingling our financial system with the most volatile speculative assets ever really to exist is a freaking nightmare.
Like it, yeah, it's probably not a great idea. But I think where we might be going with this conversation, there is a really large concern when it comes to... I'm not a defender of big investment banks by any stretch, but I also think co-mingling our financial system with the most volatile speculative assets ever really to exist is a freaking nightmare.
And that is where we might be headed under a Trump administration. Yeah.
And that is where we might be headed under a Trump administration. Yeah.
And that is where we might be headed under a Trump administration. Yeah.
For that piece, I talked to this researcher named Molly White, studies reports on like is deep in the, in the crypto world and the regulation stuff and all this. And this was her like red flag concern, which is basically like, think about when FTX crashed, right? It was a, you know, an exchange that was insolvent. The bottom fell out. A lot of people lost everything.
For that piece, I talked to this researcher named Molly White, studies reports on like is deep in the, in the crypto world and the regulation stuff and all this. And this was her like red flag concern, which is basically like, think about when FTX crashed, right? It was a, you know, an exchange that was insolvent. The bottom fell out. A lot of people lost everything.
For that piece, I talked to this researcher named Molly White, studies reports on like is deep in the, in the crypto world and the regulation stuff and all this. And this was her like red flag concern, which is basically like, think about when FTX crashed, right? It was a, you know, an exchange that was insolvent. The bottom fell out. A lot of people lost everything.
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