May 24, 2022
Cobie, co-founder of Lido and UpOnlyTv, and Chris Burniske, partner at Placeholder Ventures, talk about surviving a crypto bear market, the Terra collapse, lessons they’ve learned from their mistakes, and much more. Show highlights:
- whether Chris and Cobie think crypto is in a bear market
- why Chris says these are the times to buy
- what effect the Terra debacle will have on the crypto industry
- why Chris was expecting UST to blow up
- why Chris thinks there is going to be another massive liquidation event
- whether an algo stablecoin could work
- why bear markets are sometimes a good thing
- how USDT was stress tested and proved its resilience
- how macro is affecting the crypto space and what the role of the Fed is
- when will we see the bottom of this bear market
- how meme coins are the symptoms of a broken system
- why this crypto cycle is different
- whether regulations are helping VCs rather than the retail investors
- why risky assets are the ones that could increase 10,000x
- whether the future of crypto is multichain or not
- how developers signal what ecosystem is going to win in the next expansion cycle
- whether Cobie thinks staking is dying
- how Chris judges market bottoms and tops
- what lessons Cobie and Chris have learned from their mistakes
- what innovations will catalyze the next bull cycle
- what needs to happen in the future for crypto to succeed
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Episode Links
Cobie
- Twitter: https://twitter.com/cobie
- UpOnlyTv: https://uponly.tv/
- Substack: https://cobie.substack.com/
- Cycle Tweets:
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- Why “the next cycle” reasoning scares him
- What projects will survive the bear
- His call to “buy” on March 12 2020
- Which VCs will win
Chris Burniske
- Previous Unchained episode
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- https://unchainedpodcast.com/chris-burniske-a-blank-slate-of-state/
- https://unchainedpodcast.com/chris-burniske-of-placeholder-on-the-downsides-of-icos/
- https://unchainedpodcast.com/want-to-diversify-your-portfolio-try-bitcoin-say-arks-chris-burniske-and-coinbases-adam-white/
- https://unchainedpodcast.com/how-to-value-a-crypto-asset/
- Cycle Tweets
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- Feb 2022 bear call
- March 2022 bear call
- November 2021 top call
- DCA advice
- What could knock the market further down
- 2017 ATH calls
- Trying to time the bottom
Chris x Cobie
- Luna
- Feeling sorry for people who have lost $
Bear Market Content
- Dragonfly
- Sequoia advice
- Arthur Hayes
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- buying BTC at $20K in wake of Terra
- Financial comeuppance
- Paradigm (surviving crypto cycles)
- Zhu Su on being a better role model for retail
- Nick Tomaino on stopping relentless shilling
- Lot’s of talk about “suicide” in context of LUNA
- Helping smaller LUNA wallets first
- Punk6529 on surviving the bear market
- Ian from Syndicate DAO on previous cycles
- Best website for looking at token performance
Chris Burniske:
- Twitter: https://twitter.com/cburniske
- Placeholder VC: https://www.placeholder.vc/
Previous Unchained Coverage on Terra
- Nic Carter, Erik Voorhees, and Eric Wall on the collapse of UST
- Do Kwon on backing UST with BTC
- Kevin Zhou on the risk of UST’s death spiral
- Jon Wu on how Terra got depegged:
- Do Kwon on The Chopping Block