Crypto Narratives with Frank Chaparro

LinksFrank TwitterThe ScoopShow Partner This episode is presented by FTX. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/ftxShow Notes Why Shave Mustache? – “It’ll come back” – Cousins getting married, doesn’t wanna steal the show The Block – Scoops has been there since 2018 – Soon to be 4 year anniversary – 100+ people – Have data, research content, consulting/ advisory – Subscription products for all these legacy folks Venture Capital – Last year there was 32B that poured into crypto VC NFTs – Bored Apes/ Larva Labs – Some people outside of crypto may not think apes are impressive from an art standpoint – “this price is ridiculous!” – But there are so many things that are like that, handbags for example Environmental Impact of NFTs? – There is a lag between what we know in crypto vs what the outside world knows – Even when there are changes to make it better, it takes a long time for the public to accept a net narrative – It’s just a viral narrative Larva Labs Deal – Scoops was surprised – He never expected M&A among NFT entities – Might even be a bit of a risk arbitrage – Mike Dudas talked about how LinksDAO was in the cross hairs of regulators Crypto Politics – “If it quacks like a duck and it walks like a duck, then its a security!” -Franky Scoops – People will likely get voted out of office if they take an anti crypto stance – Ryan Selkis potentially running – There are a few other crypto natives thinking about running – Free market resonates with the right – Protect the power of the dollar pushes away the right – “Banking the unbanked” resonates with the left – Environmental concerns pushes away the left – Ted Cruz will do anything for a vote – Ledger: “I think we need to get Dan Matuszewski to run up there in Boston” – “He’d hate it so much that he’d be a good politician” – Frank: “He’d be a great politician” – Ledger: “Can you imagine Dan up there getting grilled by congress” – “He’s start grilling them back give them the Boston treatment” Exciting Trends – Excited about NFTs moving separately from the other markets – Interest rates in crypto Insane Wealth – SBF and CZ just have unheard of money – More scared of normal multimillionaires than crypto billionaires – The crypto billionaires have just been super humble – SBFs story is classic – Scoops: “Comparison is often the thief of joy” – Why can people not hang on to their Bored Apes?! – Just targeted much more often Terra and Do Kwon – Do Kwon is very relaxed – They want to make UST the largest stablecoin across various different chains – Sometimes he wakes up, puts on pants, and just buys $1B worth of Bitcoin FINAL ALPHA – When prices are going down, just remember to count all of the blessings that you have in your life. Things could be a lot worse 🙂 Notes by Kevin and Luke Music by GiovanniPickle