YouSaid · the spoken record

Mark Goodwin

lines on the record: 68
first: 2023-02-22
most recent: 2023-02-22
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“And really trying to make as much money as possible while we sort of effectively create compromising situations within legislators to now be like, okay, well, if we want to go after these people, what does that mean for us? We have to claw back these donations. We have to send some of these things back. It was so perverse in across all lines. It really wasn't this sort of like, you know, maybe traditionally liberal effect of altruism. It was really all across the board. To me, they're hiding behind that as a way to sort of buy up regulatory goodwill. And we'll see how well that works. We'll see if what his sentence is. And so far, it seems to be working pretty well for a guy that stole as many billions as he did. He's at his parents' house in Palo Alto going on VPNs and messaging people and doing all this stuff. I mean, it's absurd. You would think someone that committed a crime this large.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Towards preventing another pandemic. They were putting a ton of money into these sort of political industries. They captured already, I think, by a lot of these bigger actors in the sort of Purple Party scenario. So to me, it always came across as just a total affinity play and just sort of this way to hide the true motives of just kind of power grabbing”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Think, I mean, he really kind of said it himself. You know, like this was this EA, this effective altruism was sort of a seemingly a facade and it was sort of this amask to hide a lot of the illicit behavior that was going on and making it sort of pretending that it was this for the greater good. And to me, it doesn't stay on the stink test when you actually look at if you search FTX and look at the campaign donations that were being made by high profile people in the firm and at the company, and you were seeing huge amounts of money going to both sides of the, at least of the US sort of the duopoly, this sort of purple party situation that we find ourselves in now, and they were giving money hand over fist to both sides. It really seems to me like this idea of, you know, hey, we're effective altruists. We're here to do the greater good, save democracy. There was a lot of money being put in.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Essential time when inflation's running so hot and the economy is not looking so great in a lot of ways and some other metrics it is looking better but at this really crucial time when Bitcoin really should step up and take back that dominance from the extended space. Yeah, it's a real nasty thing. I think the story is really gross when you really get into it. All the offshore banking and the co-mingling of users' funds. I mean, this guy should be in jail straight up.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And attack Bitcoin through this sort of adjacent failure of these altcoin securities. And it worked in a lot of ways. I mean, I've had more people talk to me asking me if I'm okay, asking me what's going on in the last three or four months post this FTX thing. And so I think unfortunately it was a very successful operation. Obviously, we'll see what comes downstream. But if I was an exchange that ran a security token like FTT, if I was a stablecoin issuer, that didn't exactly know what this regulatory regime was looking to do next. I would be very concerned. So yeah, I agree with you, man. He totally came out of nowhere, totally exploded, totally got endorsed by a lot of these big media figures. So to me, it seems very obvious that this is sort of an operation to discredit this booming industry at a real”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“You know, the higher life savings, it's like, hey, Sam was going in and having meetings with you guys all the time and not one person went to actually look at the books and to check and see if this was legit. And so there's a huge failure from this regulatory regime with FTX that's now trying to pretend like they have a right to say kind of what's going on. And like the day after they filed, right? Chapter 11, I think it was literally November 11th, yeah, the press secretary for Biden is coming out saying we need to have we need to establish rules for protecting US investors and they didn't even wait, you know, 24 hours to sort of make a comment on it and to come out. So to me, yeah, it's very obvious that there was a big financial incentive for US dollar actors to make this whole industry look corrupt and make it look bad.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Right now we're seeing really Gary Gensler's lead SEC really cracking down. And so to me, it's all part of this regulatory regime. To me, Sam is sort of an actor in this big movement that's coming now. And FTX was really the start of kind of the, or their collapse was kind of the start of the era that we're now kind of going into, which is a whole bunch of reaction from these huge industry players like Coinbase and Circle and Kraken. And so to me, Sam was very much playing a role for the US dollar system to sort of help create a climate that this incoming regulatory regime has sort of the social consensus to do what they're about to do. Like, please protect us. Look at all this crap that's happening. Look how many people lost.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, a ton. I mean, and I think a lot of it was from people kind of turning a blind eye, you know? I mean, they were clearly doing just a whole bunch of just illegal things. And the way that they were basically taking and counting users' funds in one pool, be it FTX or Alameda, and then just converting it and really playing with users' funds. Meanwhile, having a meeting every other week with the politician and being so heavily involved in the campaign cycle before the midterm election. I agree with you, man. To me, it seemed like a lot of this was sort of a part of this regulatory regime that's here. We've sort of been talking about it for a while that a lot of these coins are securities. Securities law is pretty black and white. I mean, it's almost 100 years old now, 90 years old since old Howie was slinging expected profits in a common enterprise on his orange orchards.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“You really nailed it. I mean, certainly assistance, and I think a lot of ways. And I think a big part of it was really like kind of social conditioning, right? I mean, you mentioned the Tom Brady and the Tony Blairs and the Bill Clintons. And I think he really understood Sam did that the media was and these figures kind of were to be bought and this influenced this sort of like we see as amateur investors or I say we in the general sense see like, oh, well, if it's good enough for Tom Brady, it's good enough for Bill Clinton. They probably did their due diligence. This is probably fine. We saw these big high profile commercial ads with very big celebrities. And it wasn't just FTX, but we saw this really explicitly with FTX.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Being so intertwined with the U.S. government system and Congress specifically. And now we're kind of seeing a lot of the fallback from that now that this is all, that the chickens have come to roost. To me, yeah, the story really starts in 2017 after that big explosion. The US dollar system really has no choice but to pay attention to Bitcoin. We see the founding of FTX and Alameda around that 2019. So that's really where the story gets started. And we just see this huge explosion. I mean, FTX just came out of nowhere.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Of this token, whether it's FTT, whether it's BNB, and then, of course, these stablecoin issuers circle and tether now having plus $100 billion worth of these stablecoins issued. To me, that's really where this all starts is the US dollar system trying to no pun intended, but tether itself to Bitcoin. So to me, this is really just a continuation of that. I see Sam as being very much so a part of this U.S.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“That was presenting itself that's, we sort of colloquially call like the kimchi premium, taking the higher price that people in South Korea were paying for Bitcoin than 2018, 2019, and even a little bit at the end of 2017, and was doing this arbitrage trade and made up a ton of money sort of taking advantage of these US dollar pairings and the premium going on in Korea. I think there's a huge coalition here, if you want to look at it in kind of a game theory standpoint, looking at it kind of this like bargaining problem. The US dollar system and the US dollar coalition is, we've seen it time and time again, they'll do anything they can to preserve purchasing power of the net U.S. system. And so to me, it seems very obvious that a lot of these bigger players, the stablecoin issuers and these big exchanges that could create a token, just an exchange token right underneath them and print billions and billions of dollars.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Definitely a difficult job to pinpoint exactly when this all started, when it all went wrong, when they started getting desperate in doing things. But to me, it's really a story, you know, zooming way, way, way, way back. It's really about the dollar and Bitcoin. And I think that's sort of the era that we're in right now. I think it's pretty clear with stuff that the SEC is doing, certain moves going on in the, I guess, to put it nicely, the extended crypto community space. But really, it's going to come down to this final show between the US dollar system and Bitcoin and how they are going to interact with each other in the future. So much of this has to do with stable coins, regulation, offshore banking, reserves, fractional reserves, and exchange tokens, right? I guess where this story started, I mean, Sam made his money, his sort of first fortune before FTX, sort of exploiting the arbitrage situation.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Invested in it, but it really messed up the industry really bad when all that went down in November. We had people in our own company have to deal with some of the contagion from these things. For me personally, it was a multi-pronged attack, very personal, really wanted to lampoon this guy and the legacy media that really failed us.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“We always talk about the cover. It's very important part of this thing. And right away, Mike Germano, our president, was like, we got to have SBAF on the cover in some form. We got to destroy this guy. Two birds, one stone. We went at Forbes. We went at Legacy Media. And then, of course, we went at this criminal activity. We thought it would be really fun to do like a fake cover and just sort of totally just make fun of this Forbes cover. It was very ripe. I mean, there was even a quote on the actual original cover that said, I got involved in crypto without any idea what crypto was. Like that was literally on the cover of this Forbes list. So we kept that. We left that on as the quote in full and filled in all the rest with just kind of funny little insider how to start your own polycule and all these little things. We really wanted to go hard. And again, I'm kind of rambling, but it was so personal. I think a lot of us were lucky, you know, and saw ahead and had seen things like this before and knew not to have our money.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“We saw this as kind of two stories, right? It's really the story of fraud and criminal activity and rehapothecation of users' funds and all of this just literal criminal activity that was going on, whether it's Alameda Research, FTX, with their security exchange token, FTT. They hinted at wanting to come out with a stable coin and all that. And so we really saw that as one side of the story. And then the other side, just this complete lack of any sort of media pushback on these figures. We really wanted to, okay, how do we really get our point across in a very visual way? The covers are the first thing you see, first thing you interact with. And so we wanted to do something shocking. We wanted to do something that would get people's attention. They'd see it at the airport, see it at Barnes& Noble, and be like, what is going on over there? So we have a wonderful team here of journalists, designers, publisher, president, GMO, all the, you know, we all come together.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Totally. We're a big independent media fans. There's a huge role that independent media has to play. We're always looking for opportunities to sort of lampoon and harpoon these legacy institutions that have really failed us, really, obviously in the last couple years. It's been very apparent that there's incentives and these perverse economic situations that are really leading to unfair and really biased media representations of these figures, right? Bitcoin magazine, we're a freedom money technology media company. We really look at our competition as being these, you know, the Forbes types and the Bloomberg. We see ourselves in that echelon. And when we see a Forbes cover coming out with this guy, that's very obvious for Bitcoiners that there's something clearly wrong here with what was going on at FTX and this huge explosion them coming onto the scene and absolutely no pushback from any institutional media.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Thank you, Preston. It's absolutely an honor to be here. Huge fan of the podcast. You guys always have amazing guests. Super happy to be here representing Bitcoin Mag. And yeah, thanks so much, Preston, for having me.”
2023-02-22 · We Study Billionaires · BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT