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The Lads are joined again by the former CEO of Three Arrows Capitol, Su Zhu! We break down what might be the biggest hack in crypto ever with $1.5 billion in ETH stolen from Bybit! We also check in on the Solana trenches after the $LIBRA launch and crash. And Su fills us in on if the Supercycle is still in play. Stick around until the end for a great round of pastas! In Episode #83 we cover:00:00 Stream Starts Soon…01:46 The Bybit Hack12:46 Is This Hack Bullish For ETH?15:56 $LIBRA & The Solana Trenches 27:37 Where Does The Market Go From Here?34:56 Odds Of Jail For Crime Szn Launches?40:56 Are We Still In The Supercycle?46:16 Kaito & Yapping49:04 Aptos GCR53:46 Freysa Digital Twins58:46 Pasta of the Week
Shownotes:Self-introHow does it feel working on a project full time for an extended period of time?For those who don't have any context Su Zhu had a “Supercycle” thesis for Ethereum in the previous bull run. So tell us under today's context, what's a Supercycle?!Why shifting from OPNX to OX.FUN?You guys are laser focused on Perps right now. I know you thought about doing a Launchpad but decided not to. What was the thought process?What kind of audience and market do you think you captured in the recent run-up? Who are your major users?You decided to go for a lot of OX pairs - that was definitely a bold move. Why so?What do you think about outcompeting other players in the space in the long run?Your feelings about all these different L1/2 ecosystems.Your view on Ethereum now?Mindshare perps. We preliminarily discussed this possibility before. Any plan on that?What are the major focuses on 2025 for OX?Your personal goal in the new year?!Twitter: @nicodotfun / @OXFUNHQWebsite: https://ox.fun/en If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:如果喜欢本作品，欢迎打赏ETH/SOL/BTC：ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1KytBTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show. 重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。
If you had to place all your money on just 2 Altcoins, which ones would you pick? In this interview with Su Zhu, he shares where he would place his Altcoin bets and how investors REALLY feel about ETH! Don't miss this Friday Banter!! - - -
Can you believe it's been a year?! The Lads celebrate 52 weeks of non-stop podcasting with an amazing round of special guests, including: Su Zhu, SalsaTekila, Robert Leshner, and Charles Hoskinson himself! We were born in the bear market, and appreciate you all coming along for the ride! Steady lads
With the Ethereum ETF approval potentially happening soon, we have a massive opportunity in the crypto market opening up! If you buy these 5 Altcoins now, you will make FAR MORE money than buying ETH! - - -
Episode 17 of Crypto Market Wizards, an interview series focused on crypto traders in the trenches of the liquid markets. Today we have Su Zhu discussing his story and how he sees the current cycle playing out. I understand he is a controversial figure but I personally learned a lot from him last cycle so I selfishly wanted to pick his brain on the market. I hope you enjoy the episode! Crypto Market Wizards is an ad-free and sponsor-free podcast. Guest's Twitter: https://twitter.com/zhusu Premium Discord: https://whop.com/humble-farmer-army Free Newsletter: https://hfaresearch.substack.com/ Taiki's Twitter: https://twitter.com/TaikiMaeda2 HFAResearch Twitter: https://twitter.com/HFAresearch Taiki's Twitter: https://twitter.com/TaikiMaeda2 Free Telegram: https://t.me/+3LgpNxIgJ4IzY2Fh HFA Research Dashboard: https://hfaresearch.io/ Stake DYM with HFA: https://www.youtube.com/watch?v=L7qiSXpt47E PODCASTS: Crypto Market Wizards: https://www.youtube.com/playlist?list=PL6bwqqJO_txgGQySGK5-HSuTPp0LjeGqA Steady Lads: https://www.youtube.com/@0xSteadyLads Taiki is the founder of Humble Farmer Army, a community-driven research company founded in 2021 with a mission to create high-quality, digestible content that helps separate signal from noise for DeFi enthusiasts. Timestamps: Timestamps: 0:00 Intro 0:23 Su Crypto Origin Story 3:10 Most Memorable Trades 11:18 Similarities of Prior Cycle 21:02 Where are we in the Cycle? 26:14 Dealing with Drawdowns 34:51 5 Figs to 7 Figs 45:51 Predicting Narratives and Rotations 51:55 Liquid vs Private Markets 56:59 Investing Heroes 1:03:03 Biggest Mistakes People Make 1:06:20 Crypto Twitter 1:12:49 Su's Edge 1:20:25 Analyzing CT Metas 1:28:44 Fumbling Bags 1:35:08 Be Grateful
The brash co-founder of the now defunct crypto hedge fund argues that most, if not all, companies eventually go bankrupt and that 3AC had a “pretty spectacular” run.Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Few crypto figures have been as vilified as Kyle Davies, the co-founder, along with Su Zhu, of crypto hedge fund Three Arrows Capital, which imploded in mid-2022, losing $3 billion and bringing many pillars of the crypto industry down with it. Davies and Zhu have been accused of, among other things, lying about 3AC's assets as the firm was imploding, trying to borrow money when the firm was insolvent, and seeking funding from the Mafia, all of which Davies denies. But he remains unapologetic about 3AC's demise, saying most, if not all, companies eventually go bankrupt, and that 3AC had a “pretty spectacular” ten-year run. He joined Unchained to explain why he and Su Zhu were ordered to prison in Singapore for non-compliance with the liquidation proceedings, Zhu's “six weeks meditating” (in prison), where he's living now, why he and Zhu went to Bali after the bankruptcy, his $25,000-a-month fee for consulting for crypto bankruptcy exchange OPNX, his and Zhu's current work advising crypto derivatives platform OX.FUN, and what he wishes he would have done differently in terms of 3AC's wind down. Show highlights:Whether Kyle is cooperating with 3AC liquidator Teneo and his opinions of that firmHis and his 3AC co-founder Su Zhu's prison sentences in SingaporeWhy Kyle says he didn't know about the scheduled court dateWhy Dubai levied fines against him, according to KyleWhere he is living nowWhether or not he made misrepresentations about 3AC's assets to lenders before its implosion, traded when the firm was insolvent, and borrowed money from the mafiaWhy Kyle went to Bali after the bankruptcy The defense of his $25,000 a-month fee for consulting for OPNXWhy Kyle thinks his reputation post-3AC was still “huge” because all companies eventually go bankruptGamified derivatives platform OX.FUN, where he is an advisorHis dreams of opening a cloud kitchen chicken restaurantWhy he filed a lawsuit against Sixth Man Ventures' Mike DudasWhat he could have done differently at the time of 3AC's collapseWhy Kyle is not sorry 3AC went bankrupt Thank you to our sponsors! PolkadotGuest | Kyle Davies, OX.FUN advisor and co-founder of Three Arrows Capital Links | Su Zhu's ArrestUnchained: Three Arrows Capital Cofounder Su Zhu Arrested in Singapore3AC Founders' Assets FrozenCoinDesk: Court Freezes $1 Billion of Assets of Three Arrows Capital Founders3AC VenturesCoinDesk: Bankrupt Hedge Fund 3AC's Return as a VC Stirring Up Crypto CommunityDavies and Su's Post Bankruptcy LivesNew York Times: Their Crypto Company Collapsed. They Went to BaliNew York Magazine: ‘They Are Very Comfortable Lying': How fallen crypto kingpins Su Zhu and Kyle Davies are dodging prison — and rebranding OPNXWall Street Journal: Founders of Bankrupt Three Arrows Capital Plan Trading Platform for Distressed Crypto Debt Cointelegraph: CoinFLEX creditors dissatisfied with restructuring to OPNX: ReportUnchained: 3AC Founders' New Crypto Exchange OPNX to Shut DownCointelegraph: OPNX to shut down with mysterious new exchange as replacementDecrypt: CoinFLEX Creditors React to OPNX Closure: 'They Have Left a Trail of Destruction'OX.FUNMarch 11 Twitter spaces on OX.FUN with Davies and Zhu -Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Few crypto figures have been as vilified as Kyle Davies, the co-founder, along with Su Zhu, of crypto hedge fund Three Arrows Capital, which imploded in mid-2022, losing $3 billion and bringing many pillars of the crypto industry down with it. Davies and Zhu have been accused of, among other things, lying about 3AC's assets as the firm was imploding, trying to borrow money when the firm was insolvent, and seeking funding from the Mafia, all of which Davies denies. But he remains unapologetic about 3AC's demise, saying most, if not all, companies eventually go bankrupt, and that 3AC had a “pretty spectacular” ten-year run. He joined Unchained to explain why he and Su Zhu were ordered to prison in Singapore for non-compliance with the liquidation proceedings, Zhu's “six weeks meditating” (in prison), where he's living now, why he and Zhu went to Bali after the bankruptcy, his $25,000-a-month fee for consulting for crypto bankruptcy exchange OPNX, his and Zhu's current work advising crypto derivatives platform OX.FUN, and what he wishes he would have done differently in terms of 3AC's wind down. Show highlights: Whether Kyle is cooperating with 3AC liquidator Teneo and his opinions of that firm His and 3AC co-founder Su Zhu's prison sentences in Singapore Why Kyle says he didn't know about the scheduled court date Why Dubai levied fines against him, according to Kyle Where he is living now Whether or not he made misrepresentations about 3AC's assets to lenders before its implosion, traded when the firm was insolvent, and borrowed money from the mafia Why Kyle went to Bali after the bankruptcy His defense of his $25,000 a month fee for consulting for OPNX Why Kyle thinks his reputation post-3AC was still “huge” because all companies eventually go bankrupt Gamified derivatives platform OX.FUN, where he is an advisor His dreams of opening a cloud kitchen chicken restaurant Why he filed a lawsuit against Sixth Man Ventures' Mike Dudas What he could have done differently at the time of 3AC's collapse Why Kyle is not sorry 3AC went bankrupt Thank you to our sponsors! Polkadot Guest Kyle Davies, OX.FUN advisor and co-founder of Three Arrows Capital Links Su Zhu's Arrest Unchained: Three Arrows Capital Cofounder Su Zhu Arrested in Singapore 3AC Founders' Assets Frozen CoinDesk: Court Freezes $1 Billion of Assets of Three Arrows Capital Founders 3AC Ventures CoinDesk: Bankrupt Hedge Fund 3AC's Return as a VC Stirring Up Crypto Community Davies and Su's Post Bankruptcy Lives New York Times: Their Crypto Company Collapsed. They Went to Bali New York Magazine: ‘They Are Very Comfortable Lying': How fallen crypto kingpins Su Zhu and Kyle Davies are dodging prison — and rebranding OPNX Wall Street Journal: Founders of Bankrupt Three Arrows Capital Plan Trading Platform for Distressed Crypto Debt Cointelegraph: CoinFLEX creditors dissatisfied with restructuring to OPNX: Report Unchained: 3AC Founders' New Crypto Exchange OPNX to Shut Down Cointelegraph: OPNX to shut down with mysterious new exchange as replacement Decrypt: CoinFLEX Creditors React to OPNX Closure: 'They Have Left a Trail of Destruction' OX.FUN March 11 Twitter spaces on OX.FUN with Davies and Zhu Learn more about your ad choices. Visit megaphone.fm/adchoices
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Few crypto figures have been as vilified as Kyle Davies, the co-founder, along with Su Zhu, of crypto hedge fund Three Arrows Capital, which imploded in mid-2022, losing $3 billion and bringing many pillars of the crypto industry down with it. Davies and Zhu have been accused of, among other things, lying about 3AC's assets as the firm was imploding, trying to borrow money when the firm was insolvent, and seeking funding from the Mafia, all of which Davies denies. But he remains unapologetic about 3AC's demise, saying most, if not all, companies eventually go bankrupt, and that 3AC had a “pretty spectacular” ten-year run. He joined Unchained to explain why he and Su Zhu were ordered to prison in Singapore for non-compliance with the liquidation proceedings, Zhu's “six weeks meditating” (in prison), where he's living now, why he and Zhu went to Bali after the bankruptcy, his $25,000-a-month fee for consulting for crypto bankruptcy exchange OPNX, his and Zhu's current work advising crypto derivatives platform OX.FUN, and what he wishes he would have done differently in terms of 3AC's wind down. Show highlights: Whether Kyle is cooperating with 3AC liquidator Teneo and his opinions of that firm His and 3AC co-founder Su Zhu's prison sentences in Singapore Why Kyle says he didn't know about the scheduled court date Why Dubai levied fines against him, according to Kyle Where he is living now Whether or not he made misrepresentations about 3AC's assets to lenders before its implosion, traded when the firm was insolvent, and borrowed money from the mafia Why Kyle went to Bali after the bankruptcy His defense of his $25,000 a month fee for consulting for OPNX Why Kyle thinks his reputation post-3AC was still “huge” because all companies eventually go bankrupt Gamified derivatives platform OX.FUN, where he is an advisor His dreams of opening a cloud kitchen chicken restaurant Why he filed a lawsuit against Sixth Man Ventures' Mike Dudas What he could have done differently at the time of 3AC's collapse Why Kyle is not sorry 3AC went bankrupt Thank you to our sponsors! Polkadot Guest Kyle Davies, OX.FUN advisor and co-founder of Three Arrows Capital Links Su Zhu's Arrest Unchained: Three Arrows Capital Cofounder Su Zhu Arrested in Singapore 3AC Founders' Assets Frozen CoinDesk: Court Freezes $1 Billion of Assets of Three Arrows Capital Founders 3AC Ventures CoinDesk: Bankrupt Hedge Fund 3AC's Return as a VC Stirring Up Crypto Community Davies and Su's Post Bankruptcy Lives New York Times: Their Crypto Company Collapsed. They Went to Bali New York Magazine: ‘They Are Very Comfortable Lying': How fallen crypto kingpins Su Zhu and Kyle Davies are dodging prison — and rebranding OPNX Wall Street Journal: Founders of Bankrupt Three Arrows Capital Plan Trading Platform for Distressed Crypto Debt Cointelegraph: CoinFLEX creditors dissatisfied with restructuring to OPNX: Report Unchained: 3AC Founders' New Crypto Exchange OPNX to Shut Down Cointelegraph: OPNX to shut down with mysterious new exchange as replacement Decrypt: CoinFLEX Creditors React to OPNX Closure: 'They Have Left a Trail of Destruction' OX.FUN March 11 Twitter spaces on OX.FUN with Davies and Zhu Learn more about your ad choices. Visit megaphone.fm/adchoices
Su Zhu doesn't believe this crypto cycle is anything like we've seen before! This market cycle will be much bigger for Bitcoin and Altcoins, and those who pay attention now will make millions! Don't miss this show!! Guest channels: Su Zhu Twitter - / zhusu
In his first one-on-one interview in over a year, Kyle Davies joins us from an undisclosed location to discuss: What he would have done differently at 3AC if he could go back in time If he was surprised by the lack of due diligence by lenders to 3AC How he reacted when he heard his co-founder Su Zhu was arrested and heading to jail If he has spoken to Do Kwon from Luna What went wrong with OPNX His new venture Ox.fun and what he is trying to achieve You can watch and listen to the interview here: Spotify: https://spoti.fi/47ZCF8F Apple Podcast: https://apple.co/3PM4eKh Google Podcast: https://bit.ly/3Ruwkfh YouTube: https://bit.ly/3GuZiW7 As I explain at the start of the recording, I was initially hesitant to have Kyle Davies on the show as he is a very controversial figure and many believe 3AC committed fraud. However, Kyle agreed that I could ask the questions I wanted on any topic - including 3AC and OPNX. I had many questions for him and I believe many of you would have the same ones, and that's why I decided to go ahead. Kyle answered all of them, including those on his new venture. I hope you will find this episode as insightful and interesting as it was for me. #Crypto #Bitcoin #FutureOfMoney
This week, the Lads are joined by the former CEO of Three Arrows Capitol, Su Zhu! Su shares his insights into many, many topics, including: where we are in the current market cycle, ETH vs L1s, prison and how it might be going for SBF, and he even joins in for some Pasta of the Week! A truly can't miss, super-sized episode! Steady Lads
Matt and Nic are back for another week of news and deals. In this episode: OTB gets some critical feedback The boys cover Walter Isaacson's Elon Musk biography Is Elon going to turn around the Twitter acquisition? Bourgeous capitalism We review Lewis' Going Infinite SBF was tungsten pilled Su Zhu is jailed for contempt of court in Singapore Is FTX solvent again thanks to Anthropic? Does ETH futs ETFs mean that ETH isn't a security? Bharat Ramamurti, one of the architects of OCP 2.0, leaves the White House The Economist covers the Bitcoin lab leak hypothesis Coinbase gets a license in Singapore Content mentioned in this episode: The Economist, Did bitcoin leak from an American spy lab? Sponsor notes: Coin Metrics STATE OF THE NETWORK — Q3 2023 Wrap-Up In Coin Metrics State of the Network Issue 227, we take a data-driven look at the most important events that impacted the digital assets industry from Q3 2023
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Nick and Leon discuss a flurry of Bitcoin and Ethereum ETF news while Michael Saylor purchases more bitcoin. They also discuss the current top 10 cryptos and what they have been up to, providing some market insight.Key TakeawaysThe US government avoids a shutdown, with a last-minute deal, while Gary Gensler gets a demanding letter to approve Bitcoin ETFsGood and Bad news regarding ETFs, Bitcoin spot ETF delayed, while Ethereum ETF futures approved. Bullish EthMicroStrategy bought more Bitcoin ($147M). The current total is $4.68B. MSTR is up 46% YTDThe team give you an update on the top 10 cryptocurrencies, BTC ETH Tether BNB XRP USDC Lido Eth CARDANO SOLANA DOGE. Some are more serious than others. We dive in and give you our insight.Bankruptcy update: FTX auditors (Preger Metis) being sued by SEC, Three Arrows Capital Founder; Su Zhu arrested in SingaporeReminder: Bitcoin Halving is under 200 days from now.
SBF trial as the prosecution previews its witnesses. Follow the trail of the FTX hacker who moved a substantial amount of ETH. Discover the futuristic adoption of eye scanning orbs in Chile with Worldcoin. Uncover the shocking revelation of Terra's Do Kwon admitting to faking trading volume in leaked chat and court documents. Learn about Google Cloud's involvement with Polygon's validator in the proof-of-stake network. Get the latest on the arrest of Three Arrows Capital co-founder Su Zhu in Singapore. Plus, ride the waves of excitement as Bitcoin reaches a 2-month high, with around $100 million in short positions liquidated across the market.#CryptoNews #SBF #FTXHacker #Chile #Terra #GoogleCloud #SuZhu #Bitcoin #Cryptocurrency #Blockchain #ProofOfStake #TradingVolume #CryptoMarket________News Links
Blue Alpine Cast - Kryptowährung, News und Analysen (Bitcoin, Ethereum und co)
⛓ Bist du an DeFi oder NFTs interessiert? Jetzt Kurse buchenbluealpineresearch.com/kurse
Bienvenidxs a Navegando el Espacio Cripto; en esta edición exploramos el tiempo que le tomó a Ethereum juntar 10,000 millones de ganancias comparada con empresas como Google y Meta, cómo el Congreso de Estados Unidos debatió con Gary Gensler, la cartera de custodia propia de MoneyGram, y muchas otras noticias más. ¡Acompáñanos! 00:00 Intro. 05:45 Precios 12:47 Su Zhu fue arrestado en Singapur https://www.theverge.com/2023/9/29/23896188/crypto-hedge-fund-three-arrows-captial-su-zhu-arrest 14:04 Ethereum rebasa 10 mil millones en ganancias https://twitter.com/pythianism/status/1706373977944289470 16:24 Congreso y legisladores en contra de Gensler https://www.theblock.co/post/253305/gensler-takes-heat-from-lawmakers-over-his-approach-to-regulating-crypto 21:00 SEC vuelve a aplacar ETFs Bitcoin de Blackrock, Valkyrie y otros. https://www.theblock.co/post/253506/sec-moves-to-again-delay-decision-on-valkyrie-spot-bitcoin-etf 24:23 MoneyGram lanzará una cartera de custodia propia. https://www.moneygram.com/intl/moneygramaccess 30:40 La tesorería de Arbitrum obtiene $59 millones por reclamos de ARB no redimidos. https://www.coindesk.com/tech/2023/09/25/arbitrum-treasury-richer-by-59m-as-users-miss-claims-deadline/ 33:28 Pudgy Penguins llega a Walmart https://blockworks.co/news/pudgy-penguins-walmart-debut 44:00 Kraken venderá acciones de la Bolsa de Valores de Estados Unidos, según rumores https://archive.ph/lUMyW 49:51 CCIP de Chainlink ya compatible con Base https://decrypt.co/198926/chainlink-extends-cross-chain-protocol-to-coinbases-base 53:20 El gobierno de Buenos Aires lanzará identificadores digitales https://contxto.com/es/blockchain-es/buenos-aires-usara-tecnologia-blockchain-para-identificacion-digital/ 56:18 Aztec Sandbox https://www.cryptonewsz.com/aztec-network-launches-aztec-sandbox/ 58:50 BlockFi recibe aprobación de la corte para su plan de reestructura https://cointelegraph.com/news/crypto-lender-block-fi-liquidation-plan-approval-repay-customer 59:21 ¿Los hermanos Winklevoss alcanzaron a retirar su dinero de Genesis? https://archive.ph/AGqGu Learn more about your ad choices. Visit megaphone.fm/adchoices
Bienvenidxs a Navegando el Espacio Cripto; en esta edición exploramos el tiempo que le tomó a Ethereum juntar 10,000 millones de ganancias comparada con empresas como Google y Meta, cómo el Congreso de Estados Unidos debatió con Gary Gensler, la cartera de custodia propia de MoneyGram, y muchas otras noticias más. ¡Acompáñanos! 00:00 Intro. 05:45 Precios 12:47 Su Zhu fue arrestado en Singapur https://www.theverge.com/2023/9/29/23896188/crypto-hedge-fund-three-arrows-captial-su-zhu-arrest 14:04 Ethereum rebasa 10 mil millones en ganancias https://twitter.com/pythianism/status/1706373977944289470 16:24 Congreso y legisladores en contra de Gensler https://www.theblock.co/post/253305/gensler-takes-heat-from-lawmakers-over-his-approach-to-regulating-crypto 21:00 SEC vuelve a aplacar ETFs Bitcoin de Blackrock, Valkyrie y otros. https://www.theblock.co/post/253506/sec-moves-to-again-delay-decision-on-valkyrie-spot-bitcoin-etf 24:23 MoneyGram lanzará una cartera de custodia propia. https://www.moneygram.com/intl/moneygramaccess 30:40 La tesorería de Arbitrum obtiene $59 millones por reclamos de ARB no redimidos. https://www.coindesk.com/tech/2023/09/25/arbitrum-treasury-richer-by-59m-as-users-miss-claims-deadline/ 33:28 Pudgy Penguins llega a Walmart https://blockworks.co/news/pudgy-penguins-walmart-debut 44:00 Kraken venderá acciones de la Bolsa de Valores de Estados Unidos, según rumores https://archive.ph/lUMyW 49:51 CCIP de Chainlink ya compatible con Base https://decrypt.co/198926/chainlink-extends-cross-chain-protocol-to-coinbases-base 53:20 El gobierno de Buenos Aires lanzará identificadores digitales https://contxto.com/es/blockchain-es/buenos-aires-usara-tecnologia-blockchain-para-identificacion-digital/ 56:18 Aztec Sandbox https://www.cryptonewsz.com/aztec-network-launches-aztec-sandbox/ 58:50 BlockFi recibe aprobación de la corte para su plan de reestructura https://cointelegraph.com/news/crypto-lender-block-fi-liquidation-plan-approval-repay-customer 59:21 ¿Los hermanos Winklevoss alcanzaron a retirar su dinero de Genesis? https://archive.ph/AGqGu Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's blockchain and cryptocurrency news Bitcoin is down slightly at $26,943 Eth is down slightly at $1,677 BNB is down slightly at $214 Su Zhu has been apprehended in Singapore ETH linked to the 2022 FTX hack is on the move. IYK raises 16M in seed funding led by A16z Crypto Australian man faces theft charges after crypto.com makes transfer error. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week Jmo and Andreas were joined by the CEO of OPNX, Leslie Lamb! Tune into this spicy episode to learn the backstory of OPNX (including the involvement of Su Zhu and Kyle Davies), how claims will work, and most importantly, when they are scheduled to launch. Check out OPNX - https://opnx.com Follow Leslie on Twitter - https://twitter.com/therealleslamb0 Jmo on Twitter - https://twitter.com/cuntycakes123 Andreas on Twitter - https://twitter.com/abrkn Shitcoin.com on Twitter - https://twitter.com/ShitcoinDotCom Social links - https://linktr.ee/shitcoindotcom Remember to sign up for the Shitcoin.com Newsletter. The best crypto round-up, delivered each and every week - https://shitcoin.com/newsletter
The most valuable crypto stories for Wednesday, May 10, 2023.This episode is sponsored by Ciphertrace."The Hash" panel covers the biggest headlines shaping the crypto industry today, including Su Zhu, co-founder of defunct crypto hedge fund Three Arrows Capital, obtaining a restraining order against Arthur Hayes, co-founder of the BitMEX trading platform, from a Singapore court. Separately, an unusual joint meeting of the two most crypto-relevant committees in the U.S. House of Representatives was called to work out the best legislative approach to digital assets.See also:Three Arrows Founder Su Zhu Obtains Singapore Restraining Order Against Arthur Hayes Over 'Harassment'3AC Founders' OPNX Exchange Formally Reprimanded by Dubai Crypto RegulatorJoint U.S. House Hearing on Crypto's Future Opens With DiscordCiphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.-This episode has been edited by senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today's blockchain and cryptocurrency news Bitcoin is up slightly at $27,665 Eth is up .5% at $1,851 Binance Coin is up slightly at $311 Coinbase product manager Ishan Wahi has been sentenced to two years in prison for insider trading. Binance launches Capital Connect to connect VIP users with investment fund managers Shaq claims he wasn't properly served in FTX class action. Su Zhu gets restraining order on Arthur Hayes UK National extradited to US for cybercrimes Learn more about your ad choices. Visit megaphone.fm/adchoices
The most valuable crypto stories for Wednesday, May 10, 2023.This episode is sponsored by Ciphertrace."The Hash" panel covers the biggest headlines shaping the crypto industry today, including Su Zhu, co-founder of defunct crypto hedge fund Three Arrows Capital, obtaining a restraining order against Arthur Hayes, co-founder of the BitMEX trading platform, from a Singapore court. Separately, an unusual joint meeting of the two most crypto-relevant committees in the U.S. House of Representatives was called to work out the best legislative approach to digital assets.See also:Three Arrows Founder Su Zhu Obtains Singapore Restraining Order Against Arthur Hayes Over 'Harassment'3AC Founders' OPNX Exchange Formally Reprimanded by Dubai Crypto RegulatorJoint U.S. House Hearing on Crypto's Future Opens With DiscordCiphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.-This episode has been edited by senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Overnighters, Episode 538: UK Gov't at a DeFi Crossroads Coinbase's International Expansion Dubai Reprimands Kyle Davies and Su Zhu and More The TL;DL - A16z Crypto has urged the UK to consider a "more nuanced approach" to the regulation of digital assets. The firm argues that a "one-size-fits-all" approach would not be consistent with the Treasury's core design principle of "same risk, same regulatory outcome." They also criticize the piecemeal approach taken by the U.S. SEC as far as regulating digital assets. Tax advisors in the U.K. have welcomed proposed rules for decentralized finance (DeFi) lending and staking activities. The new framework proposes that capital gains tax charges for DeFi lending or staking be triggered only with some activities, not all transactions. The founders of Three Arrows Capital (3AC), Kyle Davies and Su Zhu, have been reprimanded by Dubai's Virtual Assets Regulatory Authority (VARA) for operating an unregulated exchange. The reprimand also includes OPNX founders Mark Lamb and Sudhu Arumugam as well as Chief Executive Officer Leslie Lamb. Coinbase has launched a new global derivatives platform, the Coinbase International Exchange (CIE). The CIE is a regulated platform for institutional investors to trade crypto derivatives. It is currently only available to institutional clients in eligible, non-U.S. jurisdictions. Crypto lender Celsius Network is seeking to merge its UK and US entities. This comes as court filings allege that the distinction between the two was a "sham." (5/2/2023)-Welcome back to the Crypto Overnighter. My name is Nikodemus, I'll be your host as we take a nightly look at the crypto, NFT, and metaverse space and the industry surrounding it. And keep in mind, nothing in this show should ever be considered financial advice.
Kury e Uai comentam as principais notícias das últimas 24h. Texas aprova lei anti-mineração, corretora Paxful suspende atividades por questões regulatórias, FUD com o CEO da Binance, POAP deixará de ser gratuito, zkSync registra US$ 121M no DeFi, airdrop do OpenSea PRO, CELO e Google Cloud lançam parceria, SE Palmeiras anuncia token $VERDAO, hacker da Euler Finance devolve 100% dos fundos roubados e Su Zhu anuncia corretora.ACOMPANHE NOSSAS REDES SOCIAIS!Podcast: https://podcast.banklessbr.com/TWITTER: https://twitter.com/BanklessBRINSTAGRAM: https://www.instagram.com/banklessbr/ Artigos: https://artigos.banklessbr.com/Discord: https://discord.gg/MHbySprcMbOdysee: https://odysee.com/@Banklessbr:9Lens: : https://lenster.xyz/u/banklessbrLensTube: https://lenstube.xyz/channel/banklessbr.lens______________________________________Esse é um podcast com fins educacionais, queremos apresentar o mundo cripto/web3 a você. Nada do que produzimos deve ser considerado como dica de investimento, sinais para comprar ou vender quaisquer ativos e nem mesmo direcionamento para decisões financeiras.Todas as informações ou estratégias são pensamentos e opiniões relevantes para os produtores de conteúdo aqui envolvidos e não devem necessariamente ser seguidas.Se você está planejando realizar fazer investimentos, fale com profissionais de sua confiança e mais importante: Faça sua própria pesquisa.
Today's blockchain and cryptocurrency news Bitcoin is up slightly at $21,808 Ethereum is down slightly at $1,541 Binance Coin is down slightly at $306 Kraken to shutter staking after SEC probe — will pay $30M fine. Paxos faces NYDFS investigation PayPal reports $604M crypto holdings at close of 2022. Deputy puts Rihanna hit on Anotherblock. DForce loses $3.6M in hack. Su Zhu announces OPNX Learn more about your ad choices. Visit megaphone.fm/adchoices
The digital-asset industry is reeling from challenges many blame on a handful of so-called crypto bad actors and wayward CEOs. Of course we're talking about the Do Kwon's, the Alex Mashinsky's, the Su Zhu's… oh, yes and the Sam Bankman-Fried. But while some industry leaders say they are upset by the allegedly illegal actions of some of their peers, they still have hope that the digital asset industry will thrive and the crypto market will recover. Mike Novogratz is a prime example. He's the CEO of Galaxy Digital, one of the top investment firms in the digital-asset industry. The 58 year-old is known for his ubiquitous presence in the cryptosphere as well as his assertive demeanor, which aligns well with many in the crypto crowd. Novogratz made it through the chaos of 2022 – but that doesn't mean he and his firm were left unscathed. Bloomberg reporter Sonali Basak recently sat down with him and she joins Vildana Hajric to discuss what's next for the Galaxy Digital CEO. Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletterSee omnystudio.com/listener for privacy information.
Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, they covered: why the markets were up so much recently how and why Genesis entered into bankruptcy why the hole in DCG's financials are potentially much bigger than previously reported the differences between the bankruptcies of FTX and Genesis whether 3AC founders Su Zhu and Kyle Davies will find success with their new exchange what will happen to GTBC now that a huge portion has already been liquidated whether Tarun is predicting "the start of a new supercycle" the large percentage of vested SOL held by the FTX estate how SBF is still trying to win the public Hosts Haseeb Qureshi, managing partner at Dragonfly Capital Tarun Chitra, managing partner at Robot Ventures Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Capital Links Disclosures Genesis: Bloomberg: FTX Bankruptcy Judge Backs Company Law Firm, Rejects Last Minute ‘Rumors' CoinDesk: Crypto Lender Genesis Global Capital Is FTX's Largest Unsecured Creditor Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure CNBC: Crypto firms Genesis and Gemini charged by SEC with selling unregistered securities Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG Unchained: Is Genesis's Prepackaged Bankruptcy The Ultimate Sacrifice? Gemini Ends Its Earn Program and Calls for Barry Silbert's Ouster DCG Under Investigation by DOJ and SEC: Report Genesis CEO Says Firm Needs More Time to Find a Solution FTX: Unchained: SBF Says Excel Spreadsheet Proves FTX US Is Solvent WSJ: New FTX Chief Says Crypto Exchange Could Restart The Block: FTX debtors identify $5.5 billion of liquid assets in 'Herculean effort' 3AC/GTX: Unchained: 3AC Founders Are Raising $25M for ‘GTX' Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, they covered: why the markets were up so much recently how and why Genesis entered into bankruptcy why the hole in DCG's financials are potentially much bigger than previously reported the differences between the bankruptcies of FTX and Genesis whether 3AC founders Su Zhu and Kyle Davies will find success with their new exchange what will happen to GTBC now that a huge portion has already been liquidated whether Tarun is predicting "the start of a new supercycle" the large percentage of vested SOL held by the FTX estate how SBF is still trying to win the public Hosts Haseeb Qureshi, managing partner at Dragonfly Capital Tarun Chitra, managing partner at Robot Ventures Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Capital Links Disclosures Genesis: Bloomberg: FTX Bankruptcy Judge Backs Company Law Firm, Rejects Last Minute ‘Rumors' CoinDesk: Crypto Lender Genesis Global Capital Is FTX's Largest Unsecured Creditor Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure CNBC: Crypto firms Genesis and Gemini charged by SEC with selling unregistered securities Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG Unchained: Is Genesis's Prepackaged Bankruptcy The Ultimate Sacrifice? Gemini Ends Its Earn Program and Calls for Barry Silbert's Ouster DCG Under Investigation by DOJ and SEC: Report Genesis CEO Says Firm Needs More Time to Find a Solution FTX: Unchained: SBF Says Excel Spreadsheet Proves FTX US Is Solvent WSJ: New FTX Chief Says Crypto Exchange Could Restart The Block: FTX debtors identify $5.5 billion of liquid assets in 'Herculean effort' 3AC/GTX: Unchained: 3AC Founders Are Raising $25M for ‘GTX' Learn more about your ad choices. Visit megaphone.fm/adchoices
This episode of Bell Curve explores the bear market rally and ETH's monetary design. We start with our views on the recent market rally - have prices bottomed, or are we witnessing a dead cat bounce? What should we expect for 2023? We then discuss ETH's unique monetary policy, MakerDAO's counterparty risk, Optimism vs Arbitrum, private fundraising, Su Zhu's false redemption arc and more! - - Timestamps (00:00) Introduction (01:00) A Bear Market Rally (12:10) Optimism vs Arbitrum (17:20) Genesis Bankruptcy Rumors (22:28) MakerDAO's Counterparty Risk (28:28) Raising Funds in a Bear Market (34:30) ETH's Monetary Policy (48:01) ETH Staking Withdrawal Queue (50:05) Bitzlato and Bitcoin Narratives (1:00:50) Su Zhu and Kyle are Back - - Follow Vance: https://twitter.com/pythianism Follow Michael: https://twitter.com/im_manderson Follow Mike: https://twitter.com/MikeIppolito_ Follow Jason: https://twitter.com/JasonYanowitz Follow Bell Curve: https://twitter.com/thebellcurvepod Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH - - Resources Ryan Watkins tweet on Ethereum innovation cycles https://bit.ly/3ZPirug ETH 7.5% APR tweet https://bit.ly/3Wmua0w ETH withdrawal queue thread (by Westie) https://twitter.com/WestieCapital/status/1613645213792366595 - - Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.
Mike McGlone: https://twitter.com/daveweisberger1 Dave Weisberger: https://twitter.com/mikemcglone11 ►► JOIN THE FREE WOLF DEN NEWSLETTER https://www.getrevue.co/profile/TheWolfDen Follow Scott Melker: Twitter: https://twitter.com/scottmelker Facebook: https://www.facebook.com/wolfofallstreets Web: https://www.thewolfofallstreets.io Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Bitcoin #Crypto #trading 0:00 Intro 2:40 Bullish crypto markets 6:25 Biggest rallies come at bear markets 11:00 Bull trap? 17:00 Classic cleansing 20:45 Bitcoin ETF 26:00 Gemini/DCG 33:00 Debt ceiling 35:30 Platinum coin 40:00 Liquidations 46:00 Baltic dry index 49:00 Demand for Bitcoin 52:30 1929 type scenario 54:30 Su Zhu & Kyle Davies to launch a new crypto exchange The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.
The United Arab Emirates has spent quite a lot of time — and considerable resources — positioning itself as a crypto-friendly hub. Its efforts have attracted some of the top names in crypto to the region: the CEO of the world's largest crypto exchange - Binance's Changpeng 'Zhao - known as CZ -has a residence in Dubai. It's where Su Zhu and Kyle Davies fled to after the collapse of their crypto hedge fund, Three Arrows Capital. Sam Bankman-Fried travelled to Dubai for meetings with investors just weeks before the collapse of FTX - and FTX was one of the first firms granted a license by Dubai's regulator for virtual assets. Around 4% of FTX's global customers are based in the UAE, according to court filings in the firm's bankruptcy case. That makes it one of the top 10 jurisdictions affected by the FTX fallout. Bloomberg reporters Suvashree Ghosh and Ben Bartenstein join the episode to discuss United Arab Emirates' crypto ambitions. Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter See omnystudio.com/listener for privacy information.
A Crypto Carol by St Nick Twas the night before Christmas And all through the web Everyone was saying That bitcoin was dead Crypto had been in winter since the start of the year. People were shaking. The indicator said fear. And news of CBDCs They're all just crap Just a way for the banks to get your ass trapped. And Nayib Bukele Is he dictator or dude? I know the world bank thinks his economy's screwed. When they froze bank accounts It was like a kick to the groin But then, to the rescue, came crypto and bitcoin. Some lost their coins Tho not part of the plan they clicked on a link and fell for a scam. Custody providers Went bankrupt or went bust. I've been sayin' all year In hardware, we trust. The exchanges were quiet Since FTX Died Lotta people lost a lotta dough When SBF lied And Caroline Ellison, A bit of a fink Stabbed Sam in the Back To stay out of the clink Then there was Do Kwon And the coin that wasn't Stable Tried to hide his failure And you know he wasn't quite able And then there was Su Zhu and Kyle Jeffries, his Pal They skipped town and threw in the towel. And Celsius, and BlockFi, Voyager and Galois And Galaxy, And Multicoin and Pantera, Oh Boy How quickly they grow So very tall But run away, run away Before they do fall Now before your hope In humanity does fail Just remember this fact Sam's going to jail Now God Jul to all And make your heart light Subscribe to my show And listen tomorrow night
"What we did instead is we did not. The market rallied. We were just clouded in our judgment and we were not scaling the firm the way we should have. So that was probably one big one. The other one was after the liquidation I should have just had blinders on to the media and focused on creditors only and probably just had a round table and said these are what I think the options are. What do you think the options are? And if that were the case I think we probably wouldn't be in bankruptcy. We would've found one of the solutions that I just mentioned." - Kyle Davies Fresh out of the studio, Kyle Davies, co-founder of 3 Arrows Capital aka 3AC, joined us in a discussion to discuss their firm's demise in June 2022 and its aftermath after filing Chapter 15 bankruptcy. He explained why and how the firm's thesis on the crypto super cycle failed with the Luna-Terra collapse and offered his thoughts on the current meltdown of the crypto markets amid the ongoing meltdown. Last but not least, he offered his responses to several allegations and why he challenged the hosts of "On the Brink" podcast on a debate about BlockFi and his perspectives on the current state of crypto post-FTX-collapse. Podcast Information: The show is hosted and produced by Bernard Leong (@bernardleong, Linkedin) and Carol Yin (@CarolYujiaYin, LinkedIn). Sound credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited for both audio and video formats by G.Thomas Craig (@gthomascraig, LinkedIn). For the first time, we have this episode recorded in video format. Our host Bernard Leong's disclosure and excerpts on the opening for this podcast: "Welcome to Analyse Asia, the premiere podcast dedicated to dissecting the pulse of business, technology, and media in Asia. I am Bernard Leong and today's conversation totally deviates from my usual format. ... Under normal circumstances, I would have them dig into their investment thesis, career highlights, and how they are helping the crypto ecosystem. But today we will (mostly) focus on the demise of 3AC from Kyle's point of view. One quick disclaimer before we start: I am a web3 investor and retail crypto investor but I do not have any business dealings with Su or Kyle or 3AC. I have my own opinions on the recent crypto crash & the players involved but I won't be sharing my perspectives today. The aim is to let Kyle share his story from his perspective and let the audience decide for themselves. Of course, everything that we discuss here does not constitute investment advice but for informational purposes only, so do your own research (DYOR). ... "
Durante il caffè di oggi parleremo di: Bitcoin subisce un nuovo calo; Sam Bankman-Fried sotto inchiesta per il crollo di TerraUSD e Luna; Crollo di Three Arrows Capital: dove sono i cofondatori Su Zhu e Kyle Davies? --- Support this podcast: https://podcasters.spotify.com/pod/show/cryptoland/support
Matt and Nic return for another week of news and deals. In this episode: Matt's blog post, ‘It's Time to Grow Up' The Alameda - FTX relationship was always sketchy Would FTX ever have been able to go public? Why don't we have decent disclosure for token emissions? How do we put this crisis to use? John Ray's Day 1 filing about the state of affairs at FTX So what in the hell happened to the client funds at FTX? Will funds donated to politicians be clawed back? What's wrong with utilitarianism? How effective altruism is like Stalinism One theory on how Alameda lost money on Luna Some lending firms kicked out Alameda after the summer credit crisis Is Serum forking out coins which are due to FTX creditors? Why has the DOJ been so passive so far? We introduce some new bad boys Su Zhu and Kyle are trying to redeem themselves Do Kyle and Su have a new venture underway? Rep. Tom Emmer is elected as the GOP Whip in the House Will the Republican led House subpoena Gensler? Content mentioned in this episode: Matt Walsh in Medium, It's Time to Grow Up FTX CEO John Ray's Day 1 filing Sponsor notes: Talos powers institutional access to the entire digital assets ecosystem via a single-point of entry. Connect directly to your preferred prime brokers, lenders, investors, custodians, exchanges, OTC desks and more, or meet them on Talos. Get started at Talos.com Subscribe to the Coin Metrics State of the Network newsletter
Nic and Matt return for one of the craziest weeks in crypto history. In this episode: Coin Metrics makes a key on-chain discovery regarding FTX's insolvency Will Castle Island buy the naming rights to the Miami Heat arena? What in the hell happened to FTX/Alameda? How big is the hole in FTX' balance sheet Was FTX/Alameda insolvent as early as Q2? How this is reminiscent of the Bitfinex/Tether transaction? What did CZ see that caused him to catalyze the attack on FTX? How did FTX pass an audit? Who will be affected by the FTX collapse? How this will affect the already impaired crypto lenders We revisit some of the recent departures from FTX/Alameda This explains why FTX was bailing out the lenders in Q2 Will FTX US be firewalled off here? Could this crisis have been forecasted? Did Sam perjure himself in front of Congress? Gensler's responsibility in the FTX fiasco Su Zhu is trying to do a redemption arc Why is Su Zhu surfing? Possible regulatory consequences What are the midterm consequences for crypto? A failure of corporate governance at FTX Some venture funds were attesting to the solvency of FTX while withdrawing funds FTX is selectively processing withdrawals to Bahamanian entities Silver linings from the crisis Proof of Reserves is having a moment Sam's crypto agenda in DC is thankfully dead SBF was somehow an LP in Sequoia and Paradigm Setting the record straight on Tom Brady Sponsor notes: Talos powers institutional access to the entire digital assets ecosystem via a single-point of entry. Connect directly to your preferred prime brokers, lenders, investors, custodians, exchanges, OTC desks and more, or meet them on Talos. Get started at Talos.com Subscribe to the Coin Metrics State of the Network newsletter
Discount link (get 6 months of bitcoin Auto-Send withdrawals for free): https://www.hardblock.com.au/join/ozbitcoinpod Hosts: https://twitter.com/mission_bitcoin & https://twitter.com/danWilcz Sponsored by HardBlock: https://www.hardblock.com.au Notes Beware of scams! Yepoon Bush Bash kicking off this weekend GLOBAL CPI Updates - New Zealand: https://tradingeconomics.com/new-zealand/consumer-price-index-cpi - United States: https://tradingeconomics.com/united-states/consumer-price-index-cpi - United Kingdom: https://tradingeconomics.com/united-kingdom/inflation-cpi ECB CBDC: https://twitter.com/Lagarde/status/1547247694170800129 Russia bans domestic crypto paments: https://sozd.duma.gov.ru/bill/138674-8#bh_histras Paraguay's crypto framework: https://cointelegraph.com/news/paraguay-s-crypto-framework-one-step-away-from-becoming-law Andorra's Digita Assets Act: https://cointelegraph.com/news/andorra-green-lights-bitcoin-and-blockchain-with-digital-assets-act Central African Republic launches shitcoin and holds bitcoin as reserve asset: https://sango.org/ Chinese citizens likely unable to have deposits returned from Henan branch banks: https://www.msn.com/en-us/news/world/are-chinese-tanks-defending-banks-from-customers-viral-video-sparks-rumors/ar-AAZPlhs Tesla sells 75% of its bitcoin (~US$930 million): https://bitcoinmagazine.com/business/breaking-elon-musks-tesla-sold-75-of-its-bitcoin Celsius has initiated Chapter 11 bankruptcy proceedings: https://www.businesswire.com/news/home/20220713005911/en/Celsius-Network-Initiates-Financial-Restructuring-to-Stabilize-Business-and-Maximize-Value-for-All-Stakeholders 3 Arrows Capital declares bankruptcy; founders Su Zhu and Kyle Davis detained at Dubai airport: https://www.investing.com/news/cryptocurrency-news/the-race-three-arrows-capital-3ac-founders-detained-in-dubai-airport-2849780 Zu Shu files US$5 million claim against 3AC: https://watcher.guru/news/3ac-co-founder-zhu-su-among-creditors-files-5m-claim-against-own-company New York Yankees to pay staff in bitcoin: https://bitcoinmagazine.com/business/new-york-yankees-pay-employees-in-bitcoin Amazon surveillance devices 'shockingly' used in warrantless & permissionless surveillance: https://theintercept.com/2022/07/13/amazon-ring-camera-footage-police-ed-markey/ AUSTRALIAN Digital-X CEO (formerly NAB Head of Innovation) takes 5% of her salary in bitcoin: https://www.smh.com.au/business/entrepreneurship/meet-the-asx-chief-executive-who-receives-5-percent-of-her-salary-in-bitcoin-20220714-p5b1jt.html TECHNICAL / OTHER Discussion about increasing bitcoin supply to extend block reward subsidy was continued in Bitcoin Optech Newsletter #209: https://bitcoinops.org/en/newsletters/2022/07/20/ Level39 (of Bitcoin Magazine) releases comprehensive thread on the ways bitcoin can stabilise energy grids and bootstrap new infrastructure: https://twitter.com/level39/status/1548550264218583040 Crypto Fear & Greed Index has spent 72 days in "Extreme Fear" (as of July 18th) - the longest period ever: https://alternative.me/crypto/fear-and-greed-index/ Bitcoin Lightning Network reaches ATH capacity of ~4,300 BTC: https://bitcoinvisuals.com/ln-capacity
Heya Cryptozens, Tonight's Show: Three Arrows Capital - Kyle Davies and Su Zhu Finally Speak It's 10 PM Pacific time and the date is July 22nd, 2022. And welcome back to the Crypto Overnighter. My name is Nikodemus, I'll be your host. The cover model, mascot and co-host for this podcast is Tex and together we take a nightly look at the crypto, nft and metaverse space and the industry that surrounds it. Take a minute, go ahead and subscribe to the podcast now, because we're here at 10 PM every night so that when you leave in the morning, you're taking with you, the crypto news analysis you need to start your day. And keep in mind, nothing in this show should ever be considered financial advice. Email: crypto.overnighter@gmail.com Salem Friends of Felines: https://sfof.org/ Twitter: https://twitter.com/CryptoCorvus1 Torum: https://www.torum.com/u/corvusforge
Welcome to the first ever episode of the Holders Huddle! Breaking down the collapse of Three Arrows Capital and how its co-founders Su Zhu and Kyle Davies went completely missing. Lastly talking about the legendary Logan Paul and how his NFT project "99 Originals" has impacted and changed the NFT Game!
In the first days of Court Fillings against Three Arrows Capital reveals shocking news such as owing over $3.5 Billion to over 27 different crypto exchanges, along with Co-Founders Su Zhu and Kyle Davies bought $50 million Yacht with company funds. Celsius Network finally files for Chapter 11 Bankruptcy and seems that Gemini is well on its way as well. Lastly Co-Host of #1 Podcast Impaulsive, Author of the Fifth Vital, and vlogging page "The Night Shift" Mike Maijak bought his first house by leveraging his Bored Ape Yacht Club NFT for a 200K Loan to put towards a 1.2M downpayment with a platform called "Arcade Protocol"
3rd Week of June, 2022 ------
Listen to conversations between two veterans of the crypto industry: Su Zhu, CEO and CIO of Three Arrows Capital, and Hasu, Strategy lead at Flashbots. Exploring the big ideas in crypto from first principles. In this episode, Hasu continues the conversation with Danny Ryan and Tim Beiko, two researchers from the Ethereum Foundation. The three are joined by Stephane Gosselin, co-founder of Flashbots, who makes his podcast debut and stands in as Hasu's co-host. Together, they discuss: MEV before and after the Merge mev-boost and proposer-builder-separation (PBS) The rise of liquid staking pools Whether Lido should cap its own growth How the Ethereum Foundation sees its role in interacting with very "protocol-adjacent" projects like Flashbots + Lido SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW your hosts Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
Listen to conversations between two veterans of the crypto industry: Su Zhu, CEO and CIO of Three Arrows Capital, and Hasu, Strategy lead at Flashbots. Exploring the big ideas in crypto from first principles. In this episode, Hasu sits down with two Ethereum Foundation researchers, Danny Ryan and Tim Beiko, to explore Ethereum's upcoming transition to PoS. Topics discussed include: Why do blockchains need consensus? How does PoW consensus work today, and how will it change after PoS? What happens between the last block of PoW and the first block of PoS? The role of client modularity and diversity How to test for such an important upgrade 00:00 Intro and guests 03:02 Proof of Stake since 2017 08:18 PoS - Idea to production 12:24 Why do Blockchains need consensus? PoW & PoS Basics 22:21 Why switch to PoS? 37:03 The Merge - How does it happen? 45:14 The Merge - Unbundling of the Consensus & Execution layer 1:01:45 How do you test for such an important upgrade? 1:09:55 End SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW your hosts Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
The FTX Podcast - Builders and Innovators in the Cryptocurrency Industry
Su Zhu's mic died at the beginning of the show - luckily we fixed it at the 8:11 mark. Welcome to episode 107 of the FTX Podcast: Bahamas edition with special returning guest Su Zhu and your host Tristan Yver!Three Arrows Capital Ltd. is a hedge fund established in 2012 and focused on providing superior risk-adjusted returns, founded by Su Zhu and Kyle Davies. Landing page: www.threearrowscap.com/Thanks for joining us again Su! Your time, energy and insight is appreciated!
Listen to conversations between two veterans of the crypto industry: Su Zhu, CEO and CIO of Three Arrows Capital, and Hasu, Strategy lead at Flashbots. Exploring the big ideas in crypto from first principles. In this episode: The state of our macroeconomy Destruction of the nation-state The rise of the Sovereign Individual How crypto fits into all of this SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW your hosts Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
Section 2. 10 People to Watch2.1 WAGMI [00:04]2.2 The Big Guys: Samani, CMS, Su Zhu [01:52] 2.3 Emilie Choi, Coinbase [04:15]2.4 Devin Finzer, OpenSea [06:50]2.5 Dan Robinson & Dave White, Paradigm [08:50]2.6 Jeff Zirlin “The Jiho”, Axie Infinity [10:24] 2.7 Jay Graber, BlueSky & Tess Rinearson, Twitter [12:37]2.8. Kristin Smith, The Blockchain Association & Katie Haun, a16z [16:21] 2.9 Commissioner Hester Peirce, SEC [19:24] 2.10 Do Kwon, Terraform Labs [24:27]2.11 Honorable Mentions [26:16]
In this episode, I had the opportunity to sit down with Eli Ben-Sasson of Starkware. If you listened to my last episode with Su where we talked about the scaling approaches of different L1s blockchains compared to Ethereum, I argued that L1 blockchains do not scale and that the only way to create true scalability is to perform all of the computation off-chain and only post the results of that computation on-chain. STARKs are a technology that allows huge amounts of computation to be compressed into succinct proofs that anyone can easily verify. Our goal for this episode was to create the most approachable and comprehensive audio resource on how STARKs work and how they will scale blockchains in the future. We start by explaining inclusive accountability and the true meaning of scalability. Then we dive into STARKs, how proof systems work in general, and where they fit into the context of unbundling blockchains. Next, we use DYDX as a comprehensive case study to learn about the StarkEx system, before diving into StarkNet and its tradeoffs to StarkEx. Finally, we talk about StarkWare's programming language Cairo and how the different costs of proving, verifying, and storage are going to scale into the future. If you're a developer, you should also gain a very good idea of the tradeoffs between building on a regular L1 blockchain, the general-purpose StarkNet blockchain, and a StarkEx application-specific chain. Enjoy! Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW your hosts Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/ FOLLOW the guest Eli Ben-Sasson https://twitter.com/EliBenSasson Learn about StarkNet: https://starknet.io/ Learn about Cairo programming language: https://www.cairo-lang.org/ Learn about ZK-STARK math: https://starkware.co/stark/ StarkNet Discord https://discord.gg/uJ9HZTUk2Y
Listen: https://www.youtube.com/watch?v=m_2fDTuh5aU (start at 25min mark)Crypto villain of the year https://cryptobriefing.com/2021-review-the-top-10-crypto-villains-year/Transcripti would be curious to learn inwhat sense has ether over optimized forbeing money so what at what points didit make a trade-off like a consciencetrade-off to saywewe designed the chain to be better moneyand worse as let's say an executionlayersurei think a good broad way to understandit is if you look at antonio the founderof do idx's tweets about it afterwardand he he said you knowthe ethereum user experience on on layerone has basically not even 10xed overfive yearsum and at that time the roadmapwas very much to to figure out how tocater to users and developers right umand and so i think just like if you justzoom out that far it's pretty easy tosee that we're we're in a very differentplace todayon ethereum than it was uha couple years ago and i think theanother easy way to see this is justwith d5 itself right where if you lookat the d5 that's kind of really takenoff and done well it's been crosstrainedit's been non-ethereum right so you knowluna versus snx but then also you knowumsort of projects on avalanche versusprojects on ethereum the you know thesame exact project but they'll do betteron avalanche um and then you know youyou you kind of get a sense that umi think ethereum rightfully says thatthey're the bedrock or kind of the uhbirthplace of defy innovation right butwhat that also means is that if that'sthemain claim to to to umsort of power that that that becomesquiteit becomes quite nostalgic like in a wayright uh whereum what about the new users or whatabout the new developers where do theygo and and you know what we're seeing isthat new developers are just multi-evmright so theydeploy where the users are because theirgoal is tohave their product be used you know soan example is we back tranches which isaquite quite uh novel mechanism for doingrisk sharing across um longs and shortsand it's got one of the highest tbls ind5 right but they started off on bsc andthe the founders love ethereum but theyjustsaid if i launched on l1uh there's no way and i'm not gonnalaunch on matic becauseif i'm gonna launch on another chainanyways i might as well launch where theactual users areright souh okaythis is what kind of work this is kindof what we're seeing on the app side andthen you look at the performance of d5coins too right you know when we havethat part let's take note with theperformance let's let's stick with thesort of the tech for a second becauseyeah sure sure soumif we i think if we look at blockchainsfromactually first principlesit's really just you know it's a shareddatabase where anyone can can verify orwhere anybody can see that the thecomputation that was done whether it's atransfer or a smart contract executionthat was done withintegrity so that was that was donecorrectly rightand you can have variouskindsof such uhdatabase basically so being the mostcentralized would be just binance rightthe centralized exchange nobody has anyinsight into their database but it has alot of reputation at stake um so youjust trust it to you know perform allthe other updates correctly pretty muchand on the other extremeyou have something like bitcoin andethereum where they say oh we throttlethe network um really hard to sort ofkeep umthis verification cost this cost forpeople to actually do the accountingthemselves to to to to walk throughevery step that was done and say oh ican i can verifywithout making any trust assumptionsthat all of this computation was donecorrectlyright and in the middle between thesetwo extremes centralized exchange andthe completely decentralized blockchainyou have a pretty wide trade of spaceright and um that's where you find bscthat's where you find avalanche andsolana at some points across thesespectrums rightbutsort of what i'm wondering isi meanare these other chains really gonna youknowdevelop in in in any other way i meanthan ethereum and bitcoin so theirdatabases are always so yeahi guess my answer would be they alreadyhave and they will continuebecause they are attracting all the newusers i think this is the just thereality of the space right and i thinkyou know when i told you that half ofmetamask users are bsc users and itunder shocked youit's because a lot ofyou know a lot of ether ogs and biblicalenergies they don't usechains because they don't need thatmoney right like you don't need to makea thousand dollars you don't need tomake ten thousand dollars right you'retoo wealthy to carebut that says more about you than itsays about other people right soit's kind of my point which is that um ii find that a lot of ethiopians they'rein the mindset now where they're likei'm already rich and you have tounderstand why what i've done is so goodand also what i why what i'm preservingis so valuable and valuableas it mayum you have given very few outlets fornew users to come and participatein what you've done and and so you knowthat's the reality of the space and andyou know having matic is not is not ananswer right because if you have maticthen they say what is the differencebetween matic and any other l1 right andthen and then you open up that door andthenyeah of course of course there's noneright so so i think that that's kind ofthe reality of the space and i agreewith you a hundred percent on you knowthere is ayou know a decentralization trade-off uhbetween each of these and i think whatthe novel sort ofunderstanding that i have or or that umi think the market has as well is thatumwhere ethereum is on the trade-off scaleum[Music]itit is optimized for a worldthat umit's struggling to maintain its networkeffect for evm itselfwhere evm developers are immediatelydeploying to every chainand then users are using wherethey find it most convenientsoi would say in april or march i wouldhave said that ether itself uh willbenefit a lot from this multi evm ibelieve i said that in a thesis um andhe did and i think in part ether hasright it has outperformed bitcoin quitea bit uh since then because etherbenefits from being able to be portedaround on evm just much easier right soyou can bring your you know you canbring your ether across differentbridges you can use it as collateralhere and thereand so it hasdefinitely benefited from that but it'salso underperformedother layer ones massively and andthe the reason why i do say performanceis important is becausethe this is also the incentive forpeople to get involved right so you knowif you look at the d5 projects onethereum you know where they haveuh pretty much only gone down in dollarseven uh over the past year i mean ifsomeone had told you at the time we didthat podcast where we predicted devicecoins would enter the top 20 that theywould actually all be down in dollarsyou would you you would have said you'reinsane rightyeahbutbut it's happened and i think and i seethat i think they have performed notthat bad since then they are up indollars definitely but downbigbut i think a lot of them are actuallydown in dollars if i remember correctlyand and and so that's something that idon't thinkpeople are i meanprivately i've spoken a lot of peopleand and and they you know they they theysay what those reasons arebut i think that um publicly it'ssomething thatis a bit taboo to talk about rightbecause it hasit you have to admit a lot of kind ofthings and and and so i thinki mean my diagnosis would be a fewthings right i i think one is thatthe early ether builders they were verycommitted to ethereum as a networkand sowhere the founders dilemma kind of playsin is that if you already own a lot ofether and then it's gone up 20xyou're already wealthy rightso so once you're already wealthyyour incentive to build also startsgoing down right becausewhat is theincentive to build at that point and andand that we've seen a lot in theethereum device space i think umi thinkon the on the idea ofyou know going cross-chain and acquiringusers i think that this is athis is very much a knife fight rightthis is very much a fight uh to see youknow which builders are the mostaggressive at creating products for newusers um and creating experiences fornew users and i find it interesting toothat like when i speak to some of theseethiopians you know some are very goodat going cross-chain and andusing them but but a lot oflike others their mentality is like ii'm too rich to have to do thati'm too wealthy like i don't need toright um sothis is i think the big divide really inthis space which is that it's to thepoint whereum ether can no longer ethereum can nolonger claim to have all the innovationsright like now you actually see theopposite where synthetics are trying tocopy what luna's done with you knowecosystem airdrops and multiple projectson itand you know it's we're we're kind ofseeing that reverse copying on a numberof projects now as well and so i thinkthatthere's an arrogance to the ethereumcommunity similar as there was anarrogance of the bitcoin community umand i actually think that you'll seethis arrogance play out in almost everycommunity um not in a fatalist way butjust as a as a product of foundersdilemma like if people already becomebillionaires people already become youknow worth a lot ofmoneytheir their basic worldview becomes howdo i perpetuate this idea as opposed toum how do i compete in the open marketso i thinkthat that kind of reality umis is the main reason whyumi expect d5 building and and d5 to to dobetter on newer chains because thebuilders there are just hungrier andthey're also trying to createapplications for a million users or 10million usersbut i think what you're missing is thatyou're taking kind of an objectivistapproach right you're kind of sayingthis must be the solution that is themost technologically valid and henceyou're only interested in that well bethat as it mayum you knowthese were the kind of criticisms put onsolana in the early days and what we'veseen is that solano's actually attracteda whole huge amount of grassrootsdevelopers and huge amounts ofapplication interest right i would saythe last 20 of our application betsuh15 plus of them are non-ethereummainly because we prefer to do bestwherethewe can see it get to a million usersum andi think for a lot of the other fundseven the funds that were quite againstsolanai see them now trying to get into theserounds too and so it's just somethingthat while i hear you on you know yourvision of where the technology should beand how how it looksi do also see thatthe way that the industry is going ismuch more pragmatic which is to say iwant to onboard the users nowum andthat's that's thethat's the goalrightandand so i just think thatthere needs to be a broad okayput it this way i think there needs tobe a broad respectfrom the ethereum community foruh users i don't i don't think there'squite that respect for users and i andyou can argue that there doesn't need tobe because ethereum is on this missionto scale uh in this uh robust way butwe're getting into bitcoin lightningnetwork type of logic now too rightwherebe that as it mayyou're you're free to do what you wishbutyou do run some risks of losing networkeffects um and and so i thinkthat that's kind of what i would sayabout this i mean i think fundamentallyit's it's it's talking on two differentplanes right or it's talking past eachother where the set of priors are justdifferentum so so my set of priors is to sayokay we can invest in bitcoin and ifthere are stores of value that's fineum and we speculate on when we buy themand when we sell them and the globaldemand for user and the the globaldemand for crypto monies rightbutat the same time we alsouhfeel that applications on ethereum havereally suffered from uh you knowoptimistic role of not being competitiveand and then later on uh you know newerscaling not coming out um and you knowthe world we live in today is verydifferent from the world uh we imaginedwhen ethereum device was sort of attheir highs and and so uh seeing thatworld i'm an introspective person so ilook at that and and i ask myself whydid it fail right what happenedand the reasons that i'm seeing or thekind of the realities that i believe iam perceivingare that well first of all the buildersare actually better on these otherchains because they have chosen thoseother chains because they want to reachusers so i see that with dokon and lunai see this uh with a few other projectsand this i think is actually theanti-culture case for ethereum which isthat it actually is unable to provide aspace for these type of builders iremember during a clubhouse where andrechronos he said i think this was in likemarch i can't remember exactly when buthe said like if you're an evm buildertoday you need to go to bsc immediatelyright and then you know at that timelike then then a whole host of peoplewenttobsc buti think that this isthis is the future umof smart contracts application space andusers and and so from my point of viewumi do have a bit of regret and nostalgiafor the d5 times and i wish that itwould have gone better uh but i thinkthat umyou know the reason why i was sotriggered by kane is because he kind ofum is kind of the is kind of theultimate example of sort of you know anethogee who did very well holding ethbasically um and then the project itselfyou know has kind ofnot been asyou know and it's not something wherei'm like shaming builders or this orthat but he's the one who says you knowyou know anyone who's not building onethereum layer two is like you knowwe're gonna keep track of all your namesand then you know i'm not going towelcome you back to community i meanthis is dangerous stuff i think um andthis is stuff whereyeah um i don't believe in it soii think that um at the end of the day umthe same problems that happened tobitcoin maximus are happening toethereum maximus and the problem forethereum is that while it matters lessfor bitcoin because you don't doanything with bitcoin it matters morefor ethereum because you actually haveto do things on ethereum and so ifbuilders are starting to go to otherchains which i see them doing this is amatter of debate that i have with someother funds but i do see builders goingto other chains um especially solanaespecially avalanchethenthen the floodgates are very open onthat and you won't we won't be able toclaim in two years that all theinnovation is on ethereum right and onceyou lose thatuh then really what you have left is youcan say that the evm uhenshrines eth as the holy asset which ithink is happening um and that um itshares a store value case with bitcoinand that and that can be fine as it isright thatthat that really can be the end game ofeth and umand it can do well but i don't thinkthat umi don't think that this is somethingwhereumthat that alternate layer ones are sortof umdiscredited for their approach because iit's kind of fascinating almost like asa fractal but i kind of see like eth asbeing what original bitcoin wanted to bein some ways right which is sort of umyou know having nfts and having umhaving um defy and these kind of thingsand then i see like alt layer onestrying to be what ethereum is trying tobe which is likeyou know uh yeah the reaching a buildingi think where vitalik said that umif there's likef what is it what did he say if there'slikefive centshe said bitcoin has five centsmoneyyeah i meanstuff like that of course makes you lookvery bad in the future that's a givenum yeah so so i mean andand and i think it's look like i stillown more ethan pretty much i still ownmore ether than pretty much anybody iknow so it's not something where but ithink this is i mean this is also to methis is also like a warning sign but imean vitalikis a very smart guyandhe already yeah first like the bitcoincash people fell on their face makingthe claim that you can guarantee somekind of low cost environment withoutsacrificingsacrificing all decentralization thenvitalik made the same statement he fellon his face and now i see for me it'sjust it's just just groundhog day i seethe same i see a new class of peoplerepeat the same the the same things thatalready the bitcoin cash people havefailed atvitalik has failed that they are notgoing to succeed in my opinion i thinkthey are going to fail for the samereasons and that's sort of what makes mea bit frustrated about seeing thesearguments because it's notyes i'm takingum like a technologist stand stands onthiswhere i say yeah i'm better atevaluating umthis than the market i can say this isgonna fail for you know technologicalreasons this is gonna run into itsscaling limits and at some point alsothe narratives around it are going tocollapse when the fees go up and theyhave no credible scaling roadmap so umbut to me this this just feels like i'veseen the story like play out more thanonce in the pasti think the i think the the the sort ofshortest rebuttal i would give to thatis to sayjust look at the network growth rates onthe other networks and then saylet's assume that they run into scalingproblems and let's assume that theysolve them in the way that umuh would be maybe not acceptable toethereum people and certainly notacceptable to bitcoin people i mean keepin mind too a lot of ethereum'sdecentralization trade-offs arecompletely unacceptable to bitcoinpeople right and so i so so i think thatthen you you're very much back in thefractal that i'm talking about which isthat um you know ethereum people makingthe same argumentsagainst other chains that bitcoin peoplemake against thatmake against ethereum right andi guess what i would say is that umi do see these fighting product marketfit and i do see these teams beingat least more motivated to onboard usersumand and so i guesswhat i'mwhat i'm warning or not warning but whati'm kind of predicting is that um[Music]that all layer ones will continue to dovery very welland um i also see this in the web 2investors that i speak with rightbecausewhen when the web 2 investors come tocrypto i think some of them you knowthey they gravitate toward the uhtoward the ethereum vision umbut then as they do they start to seelike okay wellhow fast is this network growing becausebecause i'm investing in network effectsright how fast they're growing and thenthey see that all the other chains arehaving way faster network effects andthen they're saying okay well what isthe reason for this and and soif the reason is that ethereum iswaiting for its own scalingthenit starts to sound like bitcoin right itstarts to sound a lot like like bitcoinsoum then they're like okay welli clearly need a hedge because these arealready outperforming either by a lotand on top of that there's you know verycredible uh activity happening iunderstand that either people say it'snot decentralized but i also understandthat big people say ether is notdecentralized you see what i'm sayingthere right so so that that's kind ofwhat i'm predicting basically and and ithink that umi think thatfor me like i kind of had the thesisuh fortunately relatively earlyuh during the bear market that i thinkall all layer ones are yeah deeplyundervalued because these are real teamsbuilding stuff and i was fortunateenough to you know so so like polka dotkusamauh avalanchenear umoh i mean we pretty much said at thattime you know pretty much any alt layerone that is doinglikethat is shipping code uhis is gonna is justis incredibly undervalued by the marketi think um richard we had on our podcastat the acm he had basically that thesisand he helped us kind of see it which isthatum for the same reasons that ethereumgrew very quickly these chains also willgrow very quickly because thepenetration of smart contractusers and and and just you knowapplications is a zero of the mainpopulationsoit's it's it's a world where we live inwhereum you know just to give an exampleright liketaizo tazos just did a great deal withubisoft where they're gonna givesomething like 10 million wallets toubisoft users and then holding fts inthem soi mean i can see a world where chainscan do well just beingused in one country right and then andthengoing from there and and so i guess whati'm saying is like the world is a veryvery big place and i see layer onesdoing very different approaches to bizdev very different approaches to usersum andi think that this is healthy actuallyfor broader crypto it it does hurt a bitof umethereum dominance like i think ethereumwould bemuch closer to flipping bitcoin today ifethereum had managed to find you know ifit basically what we think of as thescaling road map in 2025 if it had beenachieved by today rightumbut um be thatyou know being that we're in the worldwe are in todayisee sort of more of a hybrid bitcoin andether will share a store value caseand then i seea multiple you know a multitude of alltheir ones and i and i think that i meannot to say that this is good or bad butjust to say this is i think just thereality why do you so ethereum has alsoof course gone through periods ofextreme growth umand back in the day we used to use thisas um an investment case for ethereumover bitcoin right we saw that yeahbitcoin was valued much higher butethereum growth in in any relevantmetric was just leaving bitcoincompletely in the dust there were morei think what i realizedi think what i realized looking back isthat we were asking the wrong questionwe were asking the uh we were asking thewrong question which is the og questionwhich is should i own more ethereumbitcoinbut that's actually the wrong questionwellmy question to you would have been whywhy do you think that the growth thatthese newer chains are seeing is goingto be more sticky than the growth thatethereum has seenuh wellwhat i would say is that their growthhas already been much faster thanbitcoin and ethereum and their growthcan continue to be much fasterbecauseone they don't have technical debtbitcoin has technical debt rightethereum has huge technical debt thesenew ones they don't have technical debtin part because they're more centralizedbut also in part because they're newerrightum soyou know they're already proof of stakewell for ether it will be very hard togo proof of stake it will take monthsand months right and there will be a lotof questions as we go into it and andand so technical debt is one reason alsoi think um the spirit of community isanother right whereumthe the concept of getting in on theground floor is very attractive topeople and you know if you look ateither today likeit doesn't offerthe opportunities i think that um it didwhen people uh were around 2019. so evenif you look at like you know talkingabout airdrops right like allall this stuff is for if you were a userin 2019 as far as i'm concerned like ensyeah you registered it in 2019 you knowusing some of these products okay likesome of them late 2020 but they're allkind of likei mean i would posit that it's all thesame two thousand userstwo thousand to five thousand uh youknow that that that are basicallybenefiting from this and and so that'skind of the big challenge i think uhwhich is uh ethereum's growth of userson l1 has basically gone to zero rightum because of the fees andi can accept the argument that that'sfine because we'll do rollups buti would then alsoargue that if you assume that's truethen the growth rates on altair oneswill be very fast because there is ademand for people to get involved incrypto and this is where they will goand sofor me it's trivial that the growth rateof user counts and activity on otherchains will be faster than on ethereumum it's abroader question what will outpace theother in dollars today uh from where weare here because obviously we arealready up 1000x on solana we're alreadyup you know hundreds of access on theseother coins and the these are all kindsof umyou know we're we're trying to get toquestions of like what is a fairpercentage of ethereum market cap thesethings should bebuti think when it comes to user accountswhen it comes to activity levels when itcomes to new builders uh new passionatebuilders who want to build billiondollar applicationsi very much see these going to solanastarkware avalancheand a few others andi think that that's just natural um so ido think that when there is ummore opportunities todeploy on l2 i think they'll also do sobut i think that ethereum has lost thatnetwork effect of being able to say allinnovators come to my chain and join mycommunity um i didn't realize it quiteearly enough i think if i had i wouldhave just sold all my ether for salon onavalanche but you know be that as it mayi was comparing either too much tobitcoin and you know so i suffered thatfate along with you basically um youknow as part of the sort of the og crowdnow that you know debates bitcoin versusether all day right you knowand you know i've met young guys likeretail guys like they're like 50 sold 50abax from a dollaryou know and these guys are just likewhy do you even talk about bitcoin andether like what what is the point andand so like there is that perspectivethat i have to remind myself of eachtime because each generation each cryptowave has brought inuh new people right and theirperspective is very different from yoursand mineand you know you know speaking of thesekind of guysi do i am sometimes struck by like arewe the boomers you know yes umi think i would bei meani i i would agree that somebody whocomes in todaywon't use bitcoin in in ethiopia andthey shouldn't because for the reasonsthat we talked about but that doesn'tmean that they are any more right in thelong term i think if you've only beenhere for half a cycletheni think there's definitely the risk ofsort of over overvaluing what is new andwhat you know over what is long-termviablei would say that at the end of the dayi'm i'm a pragmatist i'm i have nouh ideological reason to supportethereum i would say i'm pretty far fromfrom being like an ideologueii think that in terms of its roadmapit's actually it's going to be cheaperand better for a user and an applicationbuilder to useum a rollup thatposts you know proofs to ethereumthen these alternate layer ones if ifthey are just a layer one so they canhave the same role the same um the samesharding road map and then i thinkit's sort of a fair game um buti think that this approach is probablygoing to win out over the you knowmonolithiclayer one approachum and i say that because i believe init foryou know that it's like pragmaticallythe the best approach and not because ithink it's somehow morei don't know that it's like for moralreasons or whatever right i mean i getwhat we were saying but i guess my pointis thatfor like for for me as someone whoinvests prolifically in applicationsii see the strongest applications beingbuilton non-ethereum these days and that'ssomething that i would have beenabsolutely if you had told me this ayear ago i i would have said absolutelyno wayzero chance all the innovation i see ison ethereum and now all the applicationinnovation i see is not on ethereum andand so this is justfor me that's my perspective on it andthat makes me sad in a way because it'sdifferent from what i thought it wouldbe and it's different from what i hopedit would beum and so i think thati think that that's kind of wherewhere thethe the the biggest fear for me incrypto is that if we get to a worldwhere the end game is thenyou don't need to have anylike like you you get to the mostcentralized chain and then that is thething that you know i mean i'm kind ofseeing this like and it scares me withsome of these web 2 guys and they'resaying like well you know what you don'teven need crypto you just have tokensthe whole point is tokens uh once youhave tokens uh you can incentivizeeverybody you incentivize your users youcan get rid of the blockchainright yeah yeah just give tokens andthis is i mean kobe was 20 mothers a bitas well and this this is what reallyscares me because if we don't if wedon't make reasonably credibleapplications that that scales users youyou do some run some risks that likeum you know we're just talking abouttokens in five years that run in actualdatabases umso so i i come from that perspective buti meani mean i think at the end of the daylike it's it's it's the points on bothsides are really well understood now ithink you know the market will decidethe new users will decide the newbuilders will decide and and and i thinkit's not even worth debating honestlybecause i think it's more aboutprognostication rightso people will step their chips the waythey want to set them and and thenthat's ityeah i completely agree i i i'm a prettystrong believer in the thesis thatfast forward five yearsand people will be using applicationsthey will not be using blockchains theywould be going directly to applicationslike they go to their bank their brokerwhatever their super appand they will be using theseapplications and they will know thatit's non-custodialbut they won't knowon what chain it runs umand they they won't have to they don'thave to care and then it's purelya matter of what chain um can get thebestyeah properties to to build us intousers um and there won't be any sort ofyeah i mean any reason to favor one overthe other for any other reason and umyeah that's that's that's definitelyalso the approach that i'm takingand um if it's true that other chantscan capturebetter builders and can retain them inthe long term then i definitely thinkthat these chains are in a good positionpersonally i don'ti don't see that right now i thinkdefinitelyit's very attractive for a new builderto build on new chains but it's alsobecausethese chains tend to be empty empty hereand this is not going to sustain sothere's some amount of short-termismand they tend to be big incentives rightso between building on ethereum andbuilding on avalanche where i know thatava labs have is you know paying outhugethey are dumping like avex incentives onon any application that builds there ofcourse that's a huge bribe for me as anapplication builder to favor their chainbut i also knowthat this is notlong-term sustainable right so at somepointthe this this sort of incentivizedgrowthwill taper off and then what matters isthe actual technical trade-offs well ithink the why well i think the the thebiggest counter-argument to what yousaid is thatit's already been wrong for many monthsnow right whereumyou know from the vision that we wouldhave seen a year ago to now it's alreadybeen wrong and then so i think thequestion is thenat what point will that vision becorrect andi think the answer that most ethereumpeople give is that the it will becorrect when we finally have l2 scalingthat is competitive with uh theexperience the user experience on layeronesumthat is what they say but what they'reunderestimatingis that the new users don't have anallegiance to ether the way that you dorightsoeven when that is out there is noguarantee that the new user will thensay i value the technical trade-off ofethereum i'm going to go therethat i thinkis the biggest point and i would alsomake the point that starkware does notbelong to ethereumright starcover belongs to itselfand they very much do not plan to payrent to ethereumsothis is something too where i would sayumarguably all l2s will not want to payrent to ethereumin my opinion they will also end upbecoming like l1sso so that that kind of is my biggestkind of point which is that theexecution layer the executionenvironment thatprovides the best experience forapplicationsuh whether incentivized or not uhonce it has those and once it has aflywheel of users coming inthat's incredibly powerful and i've seenthat with bsc and binance where you knoweven with a weaker technical roadmapthey've been able to capture half of alli mean they just have by far the mostusers of any chain it's not even closeright and that's why all the new gameflycompanies are launching their games onon bsc because that's just where theusers are um soi think that it's just something where ifind the ethereum rhetoric to bemore out of touch with where i seeapplications and users going than everbefore and this is something that ithink is is honestly irrelevant to theaverage eatholder because like i said ithink each value crew now is not comingfrom that stuff it's coming from peoplebuying bitcoin and ether together aspart of a monetary basket and soi get why they're also out of touch withit because they're because their goalsare different and their you know kind ofideas are different butif we're talking about umwhere users are and where they're goingwhere builders are going i do find itvery facile to say well as soon as weget our layer twos up then they're allgonna come back i i personally not abeliever in that because i don't thinkthat that's umi it's not how i've seen the world playout
In this episode What the “Crypto Villain of the Year” thinks about his image The arguments for Ethereum's scaling roadmap The arguments for Alt L1s to out-scale Ethereum What parallels to BTC maximalism Su sees in the ETH community Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW on Twitter Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
Massive Crypto news Today as Cryptocurrency CEOs meet with Maxine Waters and congress to discuss US crypto regulations. Ripple lawyer calls out SEC hypocrisy on Ethereum and XRP. Fox Business Charles Gasparino finds new info on William Hinman Ethereum SEC conflict of interest. Payments giant Visa has formed a global crypto advisory practice to help financial institutions develop their cryptocurrency businesses as demand for crypto products continues to grow. Fidelity and Nexo, partner to offer crypto lending products to institutional investors. Fidelity Digital Assets receives FCA approval for its UK crypto business. Dan Tapiero's 10T is raising $500 million for a third digital assets fund. Three Arrows Capital, a cryptocurrency hedge fund founded in 2012 by Su Zhu and Kyle Davies, reportedly bought $400 million worth of ether over the weekend. Silvergate Bank is looking to raise around $461 million through sale of 3.31 million shares of common stock. Former Google CEO joins Chainlink. Learn more about Algorand - https://www.Algorand.com
LinksJordi TwitterShow PartnerThis episode is presented by FTX. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/ftxShow NotesCrypto Intro– Started off as a professional poker player– Then was working as a trader– Was in San Francisco during 2016, impossible not to hear about crypto– Was trading bonds and gold– Then went 80/20 gold/bitcoin, then 50/50, now just 100% Bitcoin– Gold is just always $1800 lolDOGE Debate– @gametheorizing debated Su Zhu on if Doge could be real money– main take – the centralization of ownership just makes it impossible– Liquidity has been a huge reason for these meme run upsLiquidity– Low liquidity changes everyones hopes– Once we're in a bear market, everything will likely make more sense as low liquidity drives shitcoins way down– There will be backlash to extreme wealth inequality that's created from crypto wealth– Like trillionaires based off of a new internet will not sit well with peopleCobie Wealth Talk– Humans create more wealth over time– Bitcoin creates a fixed supply of money– In the end, won't people be incentivized to not work or invest and just hold?– game: “Cobie is absolutely right, in the end we'll likely get something like inflation around 2%. Bitcoin will have to change”– game: “We have a saying in poker that a sucker will soon be parted from his money”– Cobie: “It may be a bit cynical but I feel like wealth always centralizes”– game: “You're absolutely right. The wealth inequality is huge now and its growing. Something's going to have to change”Regulation– Ledger: “It would be simpler if you could “call a spade a spade” and let these tokens be a security if that's their best use case, instead of making founders pigeon hole their tokens utility into something that makes less sense”2022 Theses– game: “If you have any dog coins you should sell them”– “Come January we still have a bit more of a bull run”– “Only time the bull run stops is when there's no more QE, rates get raised, which is maybe later next year”– so basically all this money gets sucked out, rates go up and holding cash feels better than it does now– The mid tier NFTs are not keeping a bidPonzis– Back when this started, people would say “Bitcoin's a ponzi”– Some things are more ponzi than others– Basically, need real value creation for something to not be a “ponzi”– Cobie: “Can you explain how OHM works?”– game: “OHM is also a ponzi. The tokenomics is much more complex which hides it, so like it was a ponzi but now holds all these other coins”– Ledger: “Is governance enough?”– game: “absolutely”– Cobie: “Can you explain how HEX works?”– game: “HEX was ahead of its time. It's a very complex ponzi.”– Cobie: “If you are early to a ponzi then its great right… what would you say to people joining ponzis now?”– game: “in a liquidity crunch, the ponzis go away, and they get closer to NAV valuation. There is real value in community and people will pay for that, so that's an end game for some of them. Same with NFTs”Web3– Feels like there are a bunch of random VCs coming up– You don't just “decentralize” everything like “decentralized Uber”– game thinks we get something more like web2.5 where celebrities and others start using NFTs as pfps and stuff– game: “crypto is the best casino. Like we have Bitcoin store of value, L1s with smart contracts, then casinos”– Web3 is kinda like companies just having tokens to incentivize and provide rewards– game: “Once you have an NFT world where you can use them it's not a ponzi anymore”– Ledger: “Tokenization of communities, with VIP access and other stuff, is a good use of tokens and NFTs”Trading– Ledger: “There are people for whom this year has been absolutely stupid, just chasing the pump, marrying now bags and not holding any Bitcoin”– Shitcoins up or down by end of 2022?– Cobie: “idk. if it tops in march or may then maybe up, if it tops in january then probably down”Scenario That Extends Cycle?– realistically probably not– will likely trickle down to smaller caps– only thing that pushes it is if Fed keeps printing/ rates lowCT Drama– Su Zhu super dunking on Ethereum then buying it, using followers as liquidity, basically become a super villain – is this a pro or con for Three Arrows Capital?– game: “Completely depends on founders. Reminds me of Bobby Axelrod on Billions”Feds in Crypto– game talked with Su Zhu in depth about future of ETH if it was a $10T asset– it will become very political, countries forcing votes that benefits them, etc– only makes sense Feds are in crypto now lolETH as Money– Who cares what you call it?– The “ultra sound money” meme is awful– Why would you want deflationary money?– *insert various examples of why it doesn't matter if you call it money e.g. if you buy a million dollar house is your house money? who cares!End Game of USD?– It's honestly super strong– If there's no geopolitical power change it just stays in controlBlow Off Top?– Thought there was gonna be one– Used to be 60% chance, now more like 20% chanceNotes by KevinMusic by GiovanniPickle
Su Zhu vs. Crypto Twitter | Optimistic Roll-ups vs. Zero Knowledge | Eth. vs. Layer 1s | Anti-Pattern Design | Blockchain Networks vs. Internet Networks | Ava Labs | Avalanche Gas Fees Rise
With BTC and ETH making new ATHs, new and old investors are asking themselves the same question: How do you value cryptoassets? Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW on Twitter Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Anish https://twitter.com/_anishagnihotri Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
Today, I'm sitting down with Anish Agnihotri, who is a research associate and colleague of mine at Paradigm. Anish has a fascinating backstory from becoming an entrepreneur at a really young age to later going deep into skin trading. We discuss how that skill transfers to NFT trading and how we see the market structure of both primary and secondary markets for NFTs. Finally, Anish shares some actionable advice on how he learns and how to build projects in crypto. This was a deep and fascinating conversation and I hope you'll enjoy it. Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW on Twitter Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Anish https://twitter.com/_anishagnihotri Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
LinksHasu TwitterWebShow PartnerThis episode is presented by FTX. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/ftxShow NotesHasu Twitter Day– Everyone has become a Hasu on twitter today– pplpleasr became Hasupleasr lolHasu's Day to Day– Basically thinks about stuff and writes it down– Has been getting back into the dating scene– Uses his actual photo, not Hasu anime pfp– It's been 18 years since Ledger has been datingBackground– Joined crypto January 2018 at the absolute top– Played pro poker for a decade– So many people who used to play poker are now in crypto– Gambling addicts?– Not very competitive anymore because bad players lose interest, good players keep getting better– Fully dove into crypto in peak bear marketStarting Crypto– Everyone always feels behind when they start– Doesn't take very long to actually catch up– Hasu worked on himself to keep learning for 2 years– Bear market best time to learn – only people who really care are studying then– Su Zhu and Hasu started talking and writing together every day– Now they run Uncommon Core Podcast togetherBear Market– Developed 2 strong beliefs: Bitcoin & DeFi– Had a thesis written out like 1.5 years before DeFi summer but still didn't recognize DeFi summer as DeFi for awhileNew Guys– Cobie: “What would you recommend new guys do in this market?”– If Hasu had derisked every time his gut said to he'd be worse off– Ledger: “Santiago says time in the market, not timing the market”– Cobie: “For 95% of people, just holding and forgetting is the best strategy”Leverage– Hasu's 2 pieces of advice for the 100 IQers – pay attention to fees and taxes & don't use leverage– Cobie: “Everyone who comes on this show that made it said don't use leverage”– Hasu: “If you use leverage, trade on a platform with sub accounts and one that has partial liquidations”Interesting Problems in Crypto– The security of public blockchains– MEV and protecting people from leaking money to miners if they don't intend toMEV (Miner Extractable Value)– Common example of MEV is a sandwich attack: miner sees order with 5% slippage, sneaks in trade before to frontrun, cause max slippage then sell right at the end– Locked in guaranteed profit for miner and loss for trader*Hasu connection rug followed by OOOOOR meme breakdown by Cobie and Ledge*MEV pt. 2– Ledger: “Does MEV really exist for other chains?”– Hasu (in short): “Yes but it takes on a different form”– If there is value to being behind or before orders in a block, people will always spend up to that amount to extract it– Actually isn't always bad – resembles mining to a certain extent and makes the market efficientMoar MEV– Flashbots/ Eden kinda like the infrastructure– Flashbots is like a soft fork of ETH with a new transaction time where transactions go into a private pool– These transactions are private until they land on chain– Then it doesn't matter until what your slippage is set it– Punk floor got swept with MiningDAO, executed all at once without allowing anyone to frontrunGuest Question– I'm not going to pretend to be able to take notes on this answerMOOOOOAR MEV– Eden is faster than flashbots since they forked– Flashbots required much more technical knowledge to be able to submit a transaction to them– Eden is much easier to use– Chainlink is in the position to extract a lot of value– Lending markets could do a better job– Wallets are in the best position to protect users from MEV– Could run local simulations to see if it would create MEV, and if it would, you could bundle the transaction with the MEV and give the V back to the userBitcoin Security– Udi said it's 100 years away, false moral panic– It's so cheap to reorg ETC that it takes like 2 weeks to get finality– If Bitcoin security drops too low, you need to increase the amount of wait time for finality– It's agreed that there is some amount of security fee we should pay to miners– But how much that is is still up for debate– Lightning network liquidity is toughGame Theory of the Future of Bitcoin– Looking at the long-term is important– Always struck Hasu as very obvious that Bitcoin would run into problems– Miners making less fundamentally weakens Bitcoins security and will need to be solved to get and keep a bitcoin standard– Bitcoin on exchanges might be the play in the future (per Gavin's article) even though it goes against the HODL meme– Ledger: “If Hasu wants to debate Udi CMS holdings will likely pay 6 figures for you to do it”– Hasu: “I think Bitcoin is going to get hardcore greenwashed over the next 5 years”Alternative L1s– Hasu mostly out on them– Feels like they release incentive programs, create coins and pull in money– Environmental critique of Bitcoin is more legit than it is against Ethereum– Tezos had a potential value add there, but now Ledger is not impressed– Hasu sees Avalanche potentially falling over a bit like BSCYoung People in Crypto– Crypto is full of very young people– They should use their time to do things that they won't be able to do laterRegulations & Stablecoins– Feeling some afterglow after recent events– Thinks its one of the biggest events in crypto in 2021– Crypto having a real impact in politics is very positive– Hasu: “It seems like Gensler does not have a lot of power”– Hasu: “I hate ripple but I'm hoping they win their case because it will be very important for crypto… it is such an obvious security”Final Alpha– Hasu: “There are a lot of important skills out there but the most important is learning how to learn. There are a lot of really good mental models for how to learn well. Check out “The Art of Learning”. You learn it once then everything else will come easier to you”Notes by KevinMusic by GiovanniPickle
Today, we welcome Jordi Alexander, a former professional poker player turned macro trader turned crypto trader. Jordi competes in the Mind Sports Olympiad and is an expert in games and game theory in general. Together we discuss How to pick up new games and improve How you can apply game theory to the crypto markets What Jordi and Su think about the market, especially the role of Bitcoin & Ethereum Why Su is Doge-pilled and whether he can convince us of his thesis Enjoy! Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW on Twitter Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
For our latest episode, I sat down with MEV Senpai, one of the top searchers in Ethereum. He gave us the unique inside perspective of someone who finds and captures MEV himself. The result was a long & intense convo, one of the best I've had in a while. We discussed: The structure and actors of the MEV game What is searching, how can you learn it, what edges exist Intro to private relays and transaction bundles The role of Flashbots in DEX trading and, of course, the hot topic of the day: short-term reorgs in Ethereum Enjoy! Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW on Twitter Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
After a tumultuous month in crypto, Su and I discuss the state of the market and what we see on the horizon. Enjoy! Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW on Twitter Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
In this episode, Su Zhu and Hasu invited Kyle Samani from Multicoin Capital, one of the most successful venture funds this cycle. Kyle is a day-one supporter of Solana, a smart-contract platform optimized for high throughput. They talked about: Multicoin's approach to investing How will the winning blockchain scale? What is enough decentralization? Win conditions for Solana What is Serum Enjoy! Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW on Twitter Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
Earlier this week, I did a deep dive on a new DEX trading protocol called CowSwap, which combines many good features into what is possibly the most complete trading experience in Defi. First, you no longer publish a fee-paying transaction to the public mempool. Instead, you sign a transaction and submit it off-chain to the CowSwap relayer, which handles all the execution. For you, this means you can safely set a very low slippage tolerance because you only ever pay a fee if your trade succeeds. Second, and this gets us to real innovation, CowSwap looks for so-called “coincidents of wants” or CoWs before sending your order to the regular on-chain exchanges. For example, if one trader wants to buy ETH at a certain price and another wants to sell it, these two can be matched without paying any LP fees. Off-chain solvers can look at this orderbook and submit optimal matchings that among others, guarantee that all trades in a certain batch have to settle at the same uniform price. Because there’s no point in reordering trades that have the same price, this also eliminates MEV as well. Only after all coincidents have been exhausted, CowSwap sends the rest of the order to the on-chain exchanges via smart routers like 1Inch If you didn’t get all of that immediately, don’t worry - neither did I, and that’s why I invited Felix Leupold from CowSwap and Gnosis to answer my remaining questions. Please enjoy my conversation on CowSwap with Felix Leupold. GUEST https://cowswap.exchange/#/swap Felix Leupold https://twitter.com/fleupold_ Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW on Twitter Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
Su is sitting out today, and I instead welcome Charlie Noyes and Georgios Konstantopoulos of Paradigm, one of the largest investment funds in crypto. We cover a lot of ground in this episode, including: How Paradigm can so consistently identify and back the category-defining protocols and companies in crypto MEV and how it can be mitigated, including some actionable advice on how you can avoid getting sandwich-attacked today The new features and remaining challenges of Uniswap v3 Paradigm’s thesis for Cosmos and why each blockchain should adopt the IBC protocol Whether Bitcoin's value proposition is still intact at a time where Bitcoin dominance is at an all-time low Our personal “wishlists” for Bitcoin improvement proposals, and whether Bitcoin will ever go to PoS Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW on Twitter Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
Su Zhu and Kyle Davies are legendary crypto investors & founders of crypto hedge fund Three Arrows Capital. They join the State of the Nation to discuss the bullish case for ETH. ------
For this episode, Su and I invited the legendary trader Cobie, who goes under @CryptoCobain on Twitter. Together, we talked about The bull case for Ethereum and its upcoming catalysts Whether ETH can flippen BTC What advice has helped Cobie to survive several market cycles Enjoy! Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services. SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW on Twitter Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
The FTX Podcast - Builders and Innovators in the Cryptocurrency Industry
Su Zhu founder of Three Arrows Capital, primarily a crypto hedgefund breaks down some interesting topics such as: the differences between FX and crypto markets. How to adapt strategies when needed. Risk vs EV in the crypto markets and several other alpha filled subjects.
Su Zhu is the CEO/CIO of Three Arrows Capital. In this episode we discuss Bitcoin volatility, S2F model, whether ETH can outperform, decentralized exchanges, and things to watch in 2020. This episode is presented by eToro: the worldwide leader in social trading. This show is also sponsored by Bybit exchange: the best place to trade BTC, ETH, XRP, and more with leverage.
Today we read yet another great piece by @hasufl and @suzhu available on uncommoncore.co on the core value offered by Bitcoin as a system and the high level trends in macroeconomics and technology that could lead to enormous future demand for just such an asset. A big thanks as always to the amazing work produced by Hasu and Su Zhu. You must check out their blog over at uncommoncore.co where you can find many other great works for understanding Bitcoin's nature. Below I've linked to the ones we have covered previously on this show: An Honest Account of Fiat Money: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_197---An-Honest-Account-of-Fiat-Money-e2ndo3 Unpacking Bitcoin's Social Contract: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_198---Unpacking-Bitcoins-Social-Contract-e2oct5 Bitcoin and the Promise of Independent Property Rights: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_225---Bitcoin--the-Promise-of-Independent-Property-Rights-e3j6b8 Bitcoin As a Hedge Against the Cashless Society: https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_227---Bitcoin-is-a-Hedge-Against-the-Cashless-Society-e3l5ne --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
Another excellent piece from Su Zhu and Hasu at uncommoncore.co and a great introduction to the dynamics and risks at stake in the cashless society. Is the cashless society the frictionless future we want? Or is it frictionless mass surveillance and frictionless negative interest rates? Cash may serve a far more important role than merely a means of payment. Find out more in today's episode, reading: Bitcoin is a Hedge Against the Cashless Society Don't forget to follow and check out the many other great articles from these two excellent authors. Plus, click their tags on Cryptoconomy.life to find the many other works of theirs we have covered on the show. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"That is the key innovation of Bitcoin: It detaches property rights from the legal system and the monopoly on violence. For the first time, we can have property that does not rely on a local authority to enforce and protect. It is easy to conceal, defend, divide, move, and verify — all by yourself, granting you the highest level of personal sovereignty." @Hasu & @suzhu Don't miss Part 3 of the "Skeptics Guide to Bitcoin" breaking down how Bitcoin enables property rights under an entirely new paradigm of social institution. Is Bitcoin a competitor to VISA and Paypal, or something else entirely? Check out the full article, plus the rest of this series and many other great articles by clicking the link: https://uncommoncore.co/bitcoin-and-the-promise-of-independent-property-rights/ Subscribe to @Hasufly and @suzhu's medium pages and Twitter tags so you don't miss their next piece! For Parts 1 & 2 of this series in audio if you've yet to cover them, listen at the links below: https://anchor.fm/dashboard/episode/e2ndo3 https://anchor.fm/dashboard/episode/e2oct5 --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"While sovereign money has undeniably led to a lot of abuse, as evidenced by instances of hyperinflation, seizures or capital controls, the absence of all control brings problems of its own." Today we begin an excellent short series by @zhusu and @hasufl with their article "An Honest Account of Fiat Money." Join us today for a great read followed by my lengthy rant about the ethics of a money susceptible to political inflation. XD Drop some applause on the article and get a heads up on tomorrow's episode with part 2 on @Hasufly's medium page:Part 1 - An Honest Account of Fiat MoneyPart 2 - Unpacking Bitcoin's Social Contract Feel free to send some satoshis or open a channel with the official Cryptoconomy.Life Lightning Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76 Donate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t Support the show:Amazon Affiliate – Shop while supporting the Cryptoconomy Podcast!Shop.Trezor.io Affiliate Link – Secure your Bitcoin with a TREZOR --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
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