Genesis & DCG Meltdown? | Was 2021 Just a Gigantic PONZI?
Bankless
Shownotes Transcript
Is Genesis the next domino to fall in the 2022 Contagion? As one of the biggest lending desks in the industry, what does it mean for Genesis to be in danger?
In this episode, we dive into David's conspiracy theories about unravelling ponzi schemes and the death of the bull market. Has David figured it all out?
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0:00 Intro 4:30 Barry Silbert in 2021 7:00 The Pyramid 11:30 Who Made the Money? 16:15 The Yield Game 23:00 The Players 27:00 Arbitrage 35:45 Deploying 41:00 The Macro Picture 45:00 Terra Luna Crater 48:30 The Blow-off Top 54:00 The GBTC ETF 58:00 3AC Liquidated 1:02:00 Saviors FTX and Genesis 1:05:30 FTX Threatened 1:09:50 Greyscale vs SEC 1:13:00 SBF Crumbles 1:20:00 SEC's Role 1:25:20 The Genesis Domino 1:32:00 Is this it? 1:36:00 2021 Was a Scam 1:40:00 Hitting the Reset Button 1:44:00 Comparing Bear Markets 1:47:00 Looking Forward
----- Resources:
Barry Silbert Tweet https://twitter.com/BarrySilbert/status/1408191462324441092)
Bull Market Pyramid https://docs.google.com/drawings/d/1BoRcwjJx3yp1UG9G2eFMNEzKDG4ufThLI1_JR1wk2y4/edit?usp=sharing)
Who Made the Money? https://twitter.com/TrustlessState/status/1590483734650056706) https://twitter.com/bmcmillan888/status/1590516943211368449)
GBTC https://www.sec.gov/Archives/edgar/data/1588489/000110465921000026/tm2039668d1_sc13ga.htm) https://miro.medium.com/max/4800/1*Axga-kkSolJ1eG0VfdRE_A.webp)
Investing into AVAX https://www.theblock.co/post/117895/polychain-three-arrows-capital-lead-230-million-avalanche)
Solunavax https://twitter.com/zhusu/status/1471807725742931969)
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