Is ALL DeFi Bullsh*t? with Brad Mills

If you had been paying attention to the guest on today’s show, you may have gotten out of Luna or Celcius before they came crumbling down. His take on DeFi back on our April show got our attention. And with the aftershocks of FTX still rumbling through the crypto and financial world, we thought we’d invite him back to go deeper down the rabbit hole.

What is the next domino to fall and how you can avoid getting burnt? We’ll discuss with Brad Mills today on our “Is all DeFi BS?” Episode #651 of The Bad Crypto Podcast. 

FULL SHOW NOTES: http://badco.in/651

TIME STAMPS

00:00 - Intro

07:30 - When were you first talking about FTX and the red flags? 

11:30 - Is all DeFi a scam? 

14:30 - What does this mean for Ethereum? 

16:09 - You’re mentioning there are other risks in the market. Which of these coins have the greatest risk for you? 

25:40 - Rebasing entered the market; what the hell is this?!

30:51 - What exactly drives the market cap of cryptocurrencies? 

32:30 - Exactly. P/E ratios are often bogus in crypto. 

35:30 - How connected do you think the FTX and SBF fallout is to the US government? 

37:35 - The New York Times put out this puff piece on Sam Bankman-Fried. What are your thoughts on mainstream media journalism? 

40:15 - Sam was printing tens of billions of dollars, just like Binance, Andreseen Horrowitz, Coinbase and others. 

45:30 - CZ at Binance was public about his liquidation of FTT, earning Travis’ respect. What are your thoughts? 

47:15 - They are scheduling a hearing about FTX. Let’s look back at Sam’s Tweets. He’s now coming out and saying he wants to try again and make it all back. Even Kevin O’Leary is willing to back this guy again! 

54:00 - Do you think the government is going to come out and say these are all unregistered securities and everything will go to zero? 

58:15 - Give a warning around CBDCs to people. 

1:11:11 - Closing Remarks

Full Show Notes at: http://badco.in/

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DISCLAIMER:

Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.

We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations. Support the show: https://badcryptopodcast.com See omnystudio.com/listener for privacy information.