The Crypto Shit Show
Are the markets as bad as they look? Yeppp. They’re that bad. First we got LUNA, then we got out-of-control inflation, now a Celsius shit show. The whole thing is a shit show. In fact, today’s conversation between myself and Sir Lord Travis Wright is probably going to be nothing more than a shit show. As you join us from my terrace in Puerto Rico as we talk all things that are currently happening in the cryptocurrency and blockchain world, it is our “This is Fine” Episode #615 of The Bad Crypto Podcast.
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The following show notes were compiled according to the approximate timestamp with relevant articles and Tweets included as references.
3:00 – State of the crypto world as of 8 PM ET on Monday, Jun 13, 2022
4:10 – Joel finally admits its a bear market; not financial advice
6:10 – Travis offers comic relief with a hilarious description of hyper-inflation
7:30 – Joel tries to regain control of the conversation; “thank you” to listeners for joining Joel and Travis on their edutainment journey over the years
10:15 – Brad Mills discussion around LUNA and Celsius gave us pause. For the full interview, check out Episode #608, badco.in/608
Blockchain.com Tweet: https://twitter.com/blockchain/status/1359542119464005636?lang=en
12:00 – Celsius suspends withdrawals from the platform, company memo. Celsius Tweet: https://twitter.com/CelsiusNetwork/status/1536169010877739009
16:03 – 2020: The Year of DeFi; now, SEC regulations coming
20:33 – This feels like 1999-2000 with the tech stock bubble and the Internet craze
23:00 – Eyes are turning to crypto; we are in the early adopter phase. Anthony Hopkins has an ETH address on Twitter?! https://twitter.com/AnthonyHopkins
24:30 – ETH and NFTs; NFT market status and the impacts on future NFT prices for funding companies and projects
26:50 – Calling the bottom for $BTC is near impossible in a falling global economy with inflation woes
28:45 – Employment woes in technology with rescinded job offers; Travis shares his personal story from 2008.
30:05 – For some, life savings lost in NFTs.
31:55 – NFT.NYC attendance, launching an NFT project, meet-up with our listeners during NFT.NYC
33:15 – Which of the technology companies survived the tech bubble? Which coins will survive crypto bear markets or a crypto winter?
35:00 – We are so early in all of this, despite the hype and pumps around flipping NFTs to earn money. NFT supply is greater than demand.
36:00 – It is just money. There are people out there despairing because of what they have lost financially – at least on paper. This is a crazy time; people are fearful about the state of the world.
37:30 – The world is in turmoil… Listen to Episode #580 badco.in/580, why we moved to PR.
45:37 – Fake news. Disclaimer. DYOR. Stay Bad.