So good we had to have him on the show twice, welcome back to Manny. Manny is an executive director at the History Group at the Hoover Institute of Stanford, a Web3 investor, builder of DeFi protocols, and advisor of some newer DeFi projects. Listen in for commentary on current crypto events and historical parallels that can be drawn between the past and present. We’re also talking about how DeFi and CFI are related and venturing into “spicy” territory about political donations in crypto. Just how involved can regulators get in crypto or are they more concerned about their own prestige and power? Where is crypto going to be in 10 years and will the doomsday scenario actually play out? Listen in to hear the answers to these questions and take a deep dive into history on this episode. 

Manny’s previous episode- https://podcasts.apple.com/us/podcast/manny-rincon-cruz-a-history-of-money-and-how/id1624393614?i=1000576286598

[00:00] Episode teaser

[00:29] Show intro 

[00:46] Welcome to Manny 

[01:35] Historical parallels in current crypto events 

[07:37] Why had SBF built up resentment in the DeFi community?

[10:10] Parallels from 2008

[10:48] Hindsight is 20/20

[13:05] DeFi and CFI linked together 

[15:21] What was going on with the Aave curve?

[16:00] Thoughts on the regulations of political donations 

[20:03] How involved can regulators get?

[22:15] Ideal scenarios

[23:23] Connections in the crypto community 

[25:24] Doomsday case: where does this leave crypto?

[33:10] Trying to draw parallels between Web2 and Web3 

[34:38] Investing in the right people 

[38:02] How people interpret actions vs. what they’re actually doing

[38:44] The products that are being built now

[40:36] Hedging: definition and its use in crypto 

[42:05] New financial products and pricing

[42:34] Hot take on pricing products 

[45:41] Financial innovations in the DeFi market 

[50:59] You should honor the mistakes and fallen comrades

[51:38] Tools you can use to exploit are readily available 

[53:23] Decentralized exchanges are dangerous

[53:54] The optimal rate to exploit and break things

[57:10] Wrapping things up 

[57:46] Outro 

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