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01:21:54 · 3 years ago
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ROLLUP: SBF vs Caroline Ellison | Sam Altman on Joe Rogan | ETH Predictions

WRU 2nd Week of October

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Inside the episode

TIMESTAMPS & RESOURCES

0:00 Intro

3:30 Markets

6:30 Inflation

https://www.cnbc.com/2023/10/12/cpi-september-2023.html

11:00 Why Americans Have Crypto

https://twitter.com/jp_koning/status/1711714224664186943

14:05 ETH Validator Queue

https://www.validatorqueue.com/

16:45 Friend.tech Surpassed Bitcoin

https://twitter.com/tokenterminal/status/1710024292992163889

17:45 Tron vs Bankless

https://www.bankless.com/tron-trx-bull-bear

22:00 ETH Predictions

https://www.theblock.co/post/255860/ethereum-eth-price-standard-chartered-bank

27:00 SBF Trial

https://compote.slate.com/images/c8708922-4b13-418c-a8be-af557e45079e.jpeg

28:20 Gary Wang

https://twitter.com/emilydparker/status/1711797258302243182?s=46

33:00 Caroline Ellison vs SBF

https://www.nytimes.com/2023/10/10/technology/caroline-ellison-sam-bankman-fried-trial.html

41:30 Thai Escorts (Not Taiwanese, David!)

 

44:05 SBF’s Ambitions

https://x.com/innercitypress/status/1711806222117027840?s=20

https://twitter.com/byzgeneral/status/1711864012567093287

47:45 Hamas Crypto Accounts

https://www.theblock.co/post/255679/israeli-authorities-have-frozen-hamas-linked-crypto-accounts-report

https://www.wsj.com/world/middle-east/militants-behind-israel-attack-raised-millions-in-crypto-b9134b7a

50:22 Critical Context

https://twitter.com/samlyman33/status/1712209368450511162?s=46

51:33 Getting Drafted

https://twitter.com/AmMuroch/status/1711980124021669941

52:30 Ray Dali on War

https://www.linkedin.com/pulse/another-step-toward-international-war-ray-dalio/

53:30 Farcaster Goes Permissionless

https://twitter.com/dwr/status/1711828728865849505

54:00 Five Shades of Lido

https://notes.ethereum.org/@mikeneuder/magnitude-and-direction

58:10 Sam Altman on Joe Rogan

https://ogjre.com/episode/2044-sam-altman

1:01:05 Trader Joe Getting Sued

https://twitter.com/Blockworks_/status/1711705702287200497?s=20

1:02:00 Uniswap zkEVM

https://x.com/okutrade/status/1709916468219981977?s=20

1:04:30 Questions from the Nation

https://bankless.cc/GetClaimables

1:08:10 When to Sell

https://twitter.com/cburniske/status/1711064578212475360?s=20

1:10:10 Cars vs Shoes

https://twitter.com/0xMidnight/status/1710409447187632611

1:10:50 What David’s Bullish On

https://www.bankless.com/vampire-season-diva

1:15:50 What Ryan’s Bullish On

 

1:21:00 MEME of the Week

https://twitter.com/Crypto_McKenna/status/1711851523657830561

Transcript
00:00
David Hoffman

David, look at her surrounded by all these reporters. That's

00:03
David

Yeah.

00:04
David Hoffman

crazy.

00:04
David

That's intense. That's

00:06
David

very intense. So uh Caroline Ellison is like the only person closer to Sam Bakeman Fried than Gary Wang. Like, not only was she in charge of Alamina, but like Sam Bakeman Fried and her were dating. Uh they were sleeping together in 2019, they were dating in 2021. Then they broke up, but they were still together. Uh yeah. And so, like, you know, very incestuous business dating, sleeping together relationship. Incestuous. Also in the Bahamas, like, well, the business relationship, everything's just a mess. They're not related though.

00:35
David Hoffman

Let's just click

00:36
David

They're not related. Yes. There's many other things. Like a lot of convoluted things. They're not related.

00:43
David Hoffman

Bakeless Nation, happy Friday morning. It is the second Friday of October. Or should I say flattober, David? It's looking pretty flat out there in the markets.

00:51
David

Down.

00:52
David Hoffman

No? It's

00:53
David Hoffman

the markets. You just put them in the prices in, but uh we'll we'll get to that. What else we got on the week? Topics of the week.

01:00
David

The SBF trial of FTX continues on to week two, Friday of last week, before we were able to cover it. Gary Wang, the CTO of FTX, testified. This week, Caroline Ellison testified for two days straight. There's a lot of juicy stuff to unpack there. Two days? Two days. Two days straight straight. 48 hours of testimony. Yeah. One day was like eight hours straight. Uh so she just kind of dumped it all about El Amida on the table. Uh, little did I know that uh Thai prostitutes would be involved with this story. Did you hear about this?

01:29
David Hoffman

Uh no.

01:29
David

Oh yeah, well okay. Like oh you haven't heard about this at all. Oh you're about to get this fresh.

01:35
David Hoffman

No, I haven't

01:35
David

Okay.

01:36
David Hoffman

any of this.

01:36
David

Thai prostitutes have entered the FTX arena.

01:39
David Hoffman

Entered the chat.

01:40
David

Enter the chat.

01:41
David Hoffman

The the arena. It's funny you say that. They used to have an arena, didn't they? We also have Sam Altman. He is talking about crypto on Joe Rogan show. What did he say? Was it good? Was it bad? Did he mention WorldCoin at all? We'll get to that too. David, what else we got?

01:56
David

Why do Americans own crypto? The Fed, the Fed did a survey result. Uh so we'll talk about that. Also, the vampire attack on Lido. I got some takes, that's at the very, very end. Uh and then apparently, Ryan, we're giving our price predictions for ETH. Why are we doing this?

02:12
David Hoffman

You didn't know that? I hope that is.

02:14
David

Did not know I just I did not sign up.

02:16
David Hoffman

You better be thinking of a number, okay? Because we're getting to it. But before we get in, we've got a message from our friends and sponsors. David, all right, you ready for you said it wasn't Flattober. It's not. But it's not October, is it?

02:26
David

It's not

02:27
David

October.

02:27
David Hoffman

Does that mean it's the other direction?

02:29
David

What's the other? Yeah, the other it's the bad direction. It's the down direction. Yeah. A little bit kind of accelerating to the downside a little bit. Started the week at 27,900, down four and a half percent. Uh we were asking for bigger moves last week. We kind of got them. Um 26,600 is where we are uh this week. 700, excuse me.

02:48
David Hoffman

Okay. I guess it's better than flat. No. Is this what

02:52
David

We wanted

02:53
David Hoffman

I don't know? I don't know if this is what I've wanted. Let's give me some ETH charts too so I can decide.

02:57
David

start of the week at 1630, down 5.5% to 1540. 1540. Ooh.

03:03
David Hoffman

I d I didn't want that. No, I didn't. It didn't feel good.

03:06
David

I bought this week.

03:08
David Hoffman

Did you?

03:08
David

Yeah.

03:09
David

Yeah.

03:09
David Hoffman

That's the upside, actually.

03:11
David

Yeah.

03:11
David Hoffman

It's like what a fantastic buying opportunity. I've got a take about that at the end. And uh of course we're gonna get into uh price predictions, but I guess it's not op October, huh? We got we got we got um we got half the month yet to redeem ourselves.

03:25
David

Right.

03:25
David

Yeah. It's only the 12th. Right. It's only the 12th.

03:27
David Hoffman

Yeah. Well it was to

03:28
David

Tomorrow's Friday the 13th. Congrats to all the bankless listeners who are listening to this on Friday the 13th.

03:33
David

Everyone brace yourselves.

03:34
David Hoffman

Should we do something spooky, David? Uh eat the coin.

03:38
David

Halloween's coming up. We're gonna have to get our costumes.

03:41
David

I haven't even thought about that.

03:41
David Hoffman

I'm not doing a are you doing a costume this year for Bangladesh?

03:45
David

The listeners love it. We gotta do it.

03:47
David Hoffman

Do they?

03:47
David

We gotta do it.

03:48
David Hoffman

I think you and I like it.

03:49
David

Last year, last year for bankless listeners who are new, who the the five new bankless listeners that have come in the last year, uh Ryan dressed up as BitBoy.

03:59
David

Oh yeah, that's it. And I dressed up as a crypto dick butt. Yeah.

04:02
David Hoffman

Oh dude, I'll be SBF and you'd be Caroline.

04:05
David

Oh my god, that's not what I have signed up for. I already kind of have my my well, I haven't got my costume, but I've got my idea.

04:12
David Hoffman

Really?

04:12
David

Yeah, I've got my idea.

Ryan Sean Adams

1115 posts

Crypto investor going bankless.

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