Post FTX collapse reflections on crypto with Stephen Diehl
Channel: Life Itself
Date: 2022-11-15

FTX Collapse Explained: On November 11th, 2022, the crypto world was rocked by the sudden collapse of FTX, one of the industry's giants. In this in-depth episode, Stephen Diehl and Rufus Pollock unravel the events that led to the FTX collapse, exploring the missteps, the red flags, and the lessons learned.

Stephen explains the contagion effects of this crash, examining the domino effect it had on other crypto players like Terra Luna (LUNA) and its stablecoin TerraUSD (UST), Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). These stories paint a stark picture of the interconnectedness of the crypto market and the risks involved.

But the story doesn't end there. We look ahead to the future of crypto. What's next for this volatile industry? Are more cryptocurrency collapses on the horizon? And what can we expect from key figures like Sam Bankman-Fried and the remaining players?

Join us as we unpack the complexities of the FTX saga and its broader implications for the world of crypto.


Find the episode notes here: https://web3.lifeitself.org/notes/post-ftx-collapse 

0:00 Introduction 
01:58 The FTX collapse: what happened and why it matters
10:46 Stripping back the crypto jargon
14:30 The recent history of the crypto industry
21:34 What mechanisms are at play?
38:05 The need for regulation
41:16 What about the other big players in crypto?
49:30 Why are people interested in crypto?
57:00 Where are the utopian visions now?

Stephen Diehl is a software engineer, writer and Web3 expert. He has written many articles about the topic on his blog at stephendiehl.com and has been featured in several podcasts on the topic. He organized the first Crypto Policy Symposium in September 2022. Learn more about the symposium here: https://crypto-policy.tech/

Rufus Pollock is an entrepreneur, activist and author as well as a long-term zen practitioner. He is passionate about finding wiser, weller ways to live together. He has founded several for-profit and nonprofit initiatives including Life Itself, Open Knowledge Foundation, and Datopian. His book Open Revolution is about making a radically freer and fairer information age. Previously he has been the Mead Fellow in Economics at the University of Cambridge as well as a Shuttleworth and Ashoka Fellow. A recognized global expert on the information society, he has worked with G7 governments, IGOs like the UN, Fortune 500s as well as many civil society organizations. He holds a PhD in Economics and a double first in Mathematics from the University of Cambridge. Find out more about his work on his website: rufuspollock.com.

If you found this video insightful please give it a like and consider subscribing to our channel. By doing so you will be helping us bring this necessary knowledge to a bigger audience. 

www.lifeitself.us

Follow Us On: 
Instagram - https://www.instagram.com/forlifeitself/
Twitter - https://twitter.com/forlifeitself
Facebook - https://www.facebook.com/forlifeitself

Life Itself is a a community of people seeking a wiser world.

Looking around us we can see that neither our society nor our planet are as well as they should be. Greater wisdom is needed both in diagnosis and in finding cures.

We emphasize wisdom because we believe this is about more than finding a quick-fix in technology or politics — it is about finding something deeper within ourselves and our societies.
#FTX #FTXCollapse #cryptocrash #cryptocollapse #cryptocurrency #SamBankmanFried #TerraLuna #Celsius #ThreeArrowsCapital #crypto #cryptonews