We Study Billionaires - The Investor’s Podcast Network BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast)
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Nov 23, 2022 Cory Klippsten, CEO of Swan Bitcoin, shares his candid insights on the aftermath of the FTX bankruptcy and highlights the need for transparency in the crypto industry. He discusses the pitfalls of venture capitalists in the crypto space and unveils the mechanics behind major scams. Klippsten also emphasizes the critical difference between Bitcoin and other cryptocurrencies, advocating for self-custody. Tune in to hear about his experiences at the Bitcoin Pacific Conference and how he envisions a brighter future for Bitcoin enthusiasts.
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Alameda's Bailout
- SBF likely propped up Alameda Research after the Luna/Celsius collapse.
- On-chain analysis suggests a large transfer of FTT tokens from FTX to Alameda around that time.
Crypto VC Model
- Crypto VCs exploit information and regulatory arbitrage.
- Their model relies on short-term liquidity and fabricated narratives, not real value or utility.
A16z's Influence
- A16z partners with DC insiders to bypass lobbying regulations and influence crypto oversight.
- They aim to shift regulation from the SEC to the CFTC, offering funding in exchange for leniency.