The podcast explores the recent downturn in the crypto market, attributing it to factors beyond simple debt liquidations, including a sense of karmic justice and concerns over quantum computing risks influencing TradFi investors. The hosts debate the causes and implications of the 10/10 liquidation event, with CZ of Binance facing blame. They also delve into the morality of founders selling secondary shares before achieving product-market fit, weighing the benefits of providing financial security for founders against potential adverse incentives. The conversation shifts to the Epstein files, revealing connections to figures in the crypto space and sparking a discussion about the acceptable distance from controversial figures and the nature of public judgment.
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