Discussing the ongoing crypto catastrophe

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Scott Melker (Wolf of All Streets) invites SIMON DIXON and guests- Caitlin Long, Dave Weisberger, Jeff Booth - to discuss the ongoing crypto catastrophe, what has led to it and what to do to avoid such collapses in the future.

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Twitter Spaces AMA with SIMON DIXON interviews:
- Twitter Spaces hosted on Simon Dixon's Twitter Account Part 1:
- Twitter Spaces hosted by Plan C Part 2: (uploading soon)
- Twitter Spaces hosted by Plan C Part 3: https://youtu.be/aJrqW8sw1VE

Scott Melker's YouTube channel:
https://www.youtube.com/c/ScottMelker

0:00 Intro
2:20 Caitlin Long: Bitcoin does not have yield, Wall Street bad influence to crypto
4:13 Simon Dixon: I have millions in Celsius
8:00 Simon Dixon: I have to protect the depositors
9:00 Is CeFi dead?
9:40 Jeff Booth: Bitcoin has no counterparty risk
13:30 Jeff Booth: fear and greed drive the market
14:20 Dave Weisberger: accredited investor rule is discriminatory
17:50 Dave Weisberger: cartels control the financial system
20:40 Caitlin Long: the financialization of crypto led to its collapse
22:10 Caitlin Long: Bitcoin is designed to give power to people
22:45 Dave Weisberger: Bitcoin is not to be blamed, it’s greed
25:20 Simon Dixon: people put too much money in CeFi
26:50 Jeff Booth: money is information
30:50 Jeff Booth: hard money gold system is unlikely
31:57 Jeff Booth: I am investing in startups that will bring 1 billion people to crypto
33:00 Caitlin Long: free bankers vs Ralph Bard (fractional reserve banking)
34:30 Caitlin Long: you can get velocity of money without leverage
36:10 Simon Dixon: fractional reserve vs p2p lending
38:00 Jeff Booth: technology is deflationary
40:00 Dave Weisberger: borrowing is not evil, leveraging is
42:00 Jeff Booth: energy and food crisis will be much bigger than the crypto collapse
43:35 Dave Weisberger: people don’t want to know where yield comes from
44:25 Caitlin Long: fiat thinking and implied bankruptcy
45:29 Caitlin Long: not against leverage, but against circulation credit
46:37 Simon Dixon: the greed quiz
48:30 Dave Weisberger: socializing losses is a horrible idea
49:00 Jeff Booth: inflation, capitalism and communism
51:30 Dave Weisberger:
52:15 Jeff Booth: I want to spend all my time building tech that will change the existing system
53:48 Jeff Booth: the ability to build on top of Bitcoin is just starting
54:45 Caitlin Long: fiat is still needed
55:40 Caitlin Long: bailing out
56:47 Simon Dixon: Bitfinex bailout was a success
1:00:15 Dave Weisberger: we are not learning from the previous crisis
1:03:45 Simon Dixon & Caitlin Long: building a digital bank and rehypothecation problem
1:07:12 Jeff Booth: network effects of Bitcoin
1:09:09 Should CeFi be bailed out?
1:10:08 Wrap up