What a year. Cobie, crypto investor and host of UpOnly, and Chris Burniske, partner at Placeholder Ventures, sift through 2022’s rubble for clues as to what lies ahead in 2023. The two bright lights of Crypto Twitter weigh in on SBF’s fraud, how to succeed through the bear market, and what remains promising despite the gloom and doom.

Show highlights:

why 2022 is “the hangover of 2021”

why this year’s big meltdowns were different and dispiriting

why it was actually a year to remind us of why we’re all here

how the underlying protocols didn’t skip a beat

how to survive the bear market

what Chris feels guilty about in the wake of Alameda’s collapse

why Cobie hopes SBF spends life in jail

whether people will actually use decentralized alternatives – or if banking-like relationships will prevail

what Chris sees as the 2023 version of proof-of-stake in 2017

why Cobie thinks bitcoin is an area of opportunity over the next few years

whether the multichain thesis (“Solunavax”) will ever rise again

whether the contagion is over

if disgraced figureheads deserve a second chance

a lightning round lookback on 2022


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Guests:Cobie:

Twitter

Substack

UpOnly

Previous appearances on Unchained:

Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets

Cobie and Chris Burniske on How to Navigate a Crypto Bear Market


Chris:

Twitter

Placeholder VC

Previous appearances on Unchained:

Chris Burniske: A Blank Slate of State

Chris Burniske of Placeholder on the Downsides of ICOs



The year in crypto:

FTX

Unchained:

CFTC and SEC File Damning Complaints Against Sam Bankman-Fried and FTX

Former FTX CEO Sam Bankman-Fried Arrested Amid US Indictment

FTX Bankruptcy Overseer Says Company’s Collapse Is Worst He’s Ever Seen

Terra:

CoinDesk: The Fall of Terra: A Timeline of the Meteoric Rise and Crash of UST and LUNA




Three Arrows Capital

CNBC’s full interview with Three Arrows Capital’s Kyle Davies on the downfall of the defunct crypto hedge fund

CoinDesk: Three Arrows Capital Files for Bankruptcy in New York Tied to British Virgin Islands Proceeding


DeCrypt: Bankrupt Three Arrows Capital Owes $3.5B to Creditors, Including $2.3B to Genesis


Binance


Unchained: Binance Passes Withdrawal ‘Stress Test’ After $3B in Daily Outflows



Forbes: Kevin O’Leary Points Finger At Binance For FTX Crash In Senate Testimony


Silvergate


The Block: Silvergate CEO seeks to reassure investors over crypto contagion



The Financial Times: Silvergate: from tiny local lender to bank behind the crypto boom


Genesis/DCG: 

Unchained: 

Genesis Warns of Bankruptcy If Funding Plans Fail: Report

On-chain Analysts ID 432 GBTC Addresses After Grayscale Says No to Proof-of-Reserves


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