Genesis & DCG Meltdown? | Was 2021 Just a Gigantic PONZI?

<p>Is Genesis the next domino to fall in the 2022 Contagion? As one of the biggest lending desks in the industry, what does it mean for Genesis to be in danger?</p> <p>In this episode, we dive into David's conspiracy theories about unravelling ponzi schemes and the death of the bull market. Has David figured it all out?</p> <p>------<br /> Infura | Join the New Decentralized Infrastructure Network<br /> <a href= "http://www.bankless.cc/infura">www.bankless.cc/infura</a> </p> <p>------<br />  SUBSCRIBE TO NEWSLETTER:          <a href= "https://newsletter.banklesshq.com/?utm_source=banklessshowsyt">https://newsletter.banklesshq.com/?utm_source=banklessshowsyt</a> <br /> ️ SUBSCRIBE TO PODCAST:                 <a href= "http://podcast.banklesshq.com/">http://podcast.banklesshq.com/</a> </p> <p>------<br /> BANKLESS SPONSOR TOOLS: </p> <p>️ ⚖️ ARBITRUM | SCALING ETHEREUM<br /> <a href= "https://bankless.cc/Arbitrum">https://bankless.cc/Arbitrum</a> </p> <p>👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN<br /> <a href= "https://bankless.cc/Deso">https://bankless.cc/Deso</a> </p> <p>🦁 BRAVE | THE BROWSER NATIVE WALLET<br /> <a href= "https://bankless.cc/Brave">https://bankless.cc/Brave</a> </p> <p>📡 TRUEFI | CRYPTO FINANCIAL HUB <br /> <a href= "https://bankless.cc/TrueFi">https://bankless.cc/TrueFi</a></p> <p>👾 SEQUENCE | ALL-IN-ONE PLATFORM <br /> <a href= "https://bankless.cc/Sequence">https://bankless.cc/Sequence</a> </p> <p>⚡️FUEL | THE MODULAR EXECUTION LAYER<br /> <a href= "https://bankless.cc/fuel">https://bankless.cc/fuel</a> </p> <p>-----</p> <p>0:00 Intro<br /> 4:30 Barry Silbert in 2021<br /> 7:00 The Pyramid<br /> 11:30 Who Made the Money?<br /> 16:15 The Yield Game<br /> 23:00 The Players<br /> 27:00 Arbitrage<br /> 35:45 Deploying<br /> 41:00 The Macro Picture<br /> 45:00 Terra Luna Crater<br /> 48:30 The Blow-off Top<br /> 54:00 The GBTC ETF<br /> 58:00 3AC Liquidated<br /> 1:02:00 Saviors FTX and Genesis<br /> 1:05:30 FTX Threatened<br /> 1:09:50 Greyscale vs SEC<br /> 1:13:00 SBF Crumbles<br /> 1:20:00 SEC'