IN THIS EPISODE, YOU'LL LEARN:
5:49- How did FTX collapse? 
10:58- First principles with Bitcoin?
17:22- The difference between Bitcoin & crypto? 
19:08- How the reach for yield creates an unsustainable monetary policy?  
33:14- Sam-Bankman Fried connections with regulators?
42:00- Binance, Coinbase, & Kraken doing proof of reserves?
47:06- Crypto exchanges parallels to fractional reserve banking?
52:40- What will happen to the crypto industry after FTX?
1:00:11-Bitcoin is a commodity, crypto tokens are securities?
Alex Cole was featured on this episode to break down the recent bankruptcy of FTX. The crypto contagion continues. 
So far this year we have seen the debacle of the Terra-Luna ecosystem, as well as bankruptcies among Celsius, Voyager, and now FTX. 
Solvency is being tested with many of these centralized crypto exchanges. 
The recent collapse of FTX has shown there was an obvious mismanagement of funds and didn't resemble any protocols around risk management. 
It also highlights the counter-party risk among crypto exchanges and why the motto is always "don't trust but verify". 
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#ftx #contagion #bitcoin 

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