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Why You Can’t Blame Bitcoin, Ethereum for Crypto’s Existential Crisis - Rich X Search Crypto
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“For the time being, the [crypto] industry has really kneecapped itself,” says Nicholas Prouten, chief operating officer of global payments platform LODE Payments International. For something like FTX to take place at such a crucial time for the industry, “is really bad a devastating loss for those who lost funds in the fiasco,” he tells Daniela Cambone. Prouten speculates, “this is a shining moment for the decentralized finance space,” and this is an opportunity for this side of the industry to say, “we are the future of finance.” “The shift is happening and you can’t bury your head in the sand any longer,” he continues. “LODE is all about autonomous function,” Prouten stresses, “we don’t have control of your funds, that’s what it’s all about and that’s so important.” We can’t freeze or withdraw your money, and this helps build trust, he says and argues, “gold backed currency is stability and peace of mind.” “LODE has always been about restoring silver and gold to the monetary system,” Prouten concludes.

#FTX #blockchain #gold

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00:00 What state is the crypto sector in right now?
4:15 How do you know where to park your money?
6:45 How will new regulations come to play?
8:02 How much more could we possibly see here?
9:02 Who is the bad guy in crypto?
10:17 Is a monetary reset coming?
12:23 How does Prouten navigate in the crypto space given all the negativity?
13:54 What the benefits of gold or silver-backed currency?
15:34 What’s next for LODE?
18:00 The meaning of Web3 applications
19:16 The mission of LODE

25 thoughts on “Why You Can’t Blame Bitcoin, Ethereum for Crypto’s Existential Crisis

  1. Honest Value says:

    Just wait until we get more reports about binance and coinbase followed by a dozen surprised pikachu faces.

  2. Ocox says:

    Who are all the scheisse stains flooding the comment section with posts pumping AM-whatever crapcoin? Are y’all siting in the same dingy apartment in Scheissestan?

  3. Ocox says:

    Peter Schiff was right again

  4. John van de graf says:

    there is no coin only a bit ! FAGUSI FAGASI

  5. Robert Pritchard says:

    They better be careful they don't start a Civil War

  6. egyptian hebrew says:

    another child that knows nothing about life

  7. Dennis Dick says:

    I can buy a cheap product from Amazon and I'll bring it to my door. If I buy a bitcoin what did they bring me?

  8. HART-CODE says:

    Nicholas Prouten inspiring young man and his business philosophy

  9. Been Awake says:

    COLD HEARTED RATS STEALING MONEY FROM THE GOYIM.

  10. Bitrus says:

    Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

  11. Steve Anundson says:

    Everyone I know took a bath…I would stay away from it!

  12. K D says:

    Tales of the Crypt.
    Corrupt, greed filled, hackers wet dream, and only works when the grid web is 100%.
    Shiney is the future and the now. Government loves the laundromat of defi.

  13. Jerry says:

    Excellent guest!

  14. Moda_Crypto says:

    BUY BITCOIN AND NOTHING ELSE. IGNORE THE SHORTTERM NOISE

  15. Frank Bryan says:

    Just glad I listened to Garth . Watch the collapse then by gbtc .

  16. Mike Hundt says:

    Why would anyone feel bad at all about anyone who lost anything in FTX? Buyer beware!

  17. Jim Hendricks says:

    I worry about the CBDC destroy the Blockchain when it comes about . Since they have started with banks now.

  18. Don Pietro says:

    Is this the chair from Gareth Soloway…. ?

  19. valkry007 says:

    bitcoin …. the story about nothing, one day you think you are rich and some kid in his parents basement with a laptop takes it all away.
    Bitcoin is just about pigs speculating and trying to get rich, not using it as a means of exchange. And we all know what happens to pigs,
    THEY GET SLAUGHTERED !

  20. Lorenzo Coleman says:

    FTX is not FDIC insured. Anyone can look this up, so you're going to get hurt if you don't do your homework in this industry.

  21. yusuf köse yk says:

    Look like Algorand has the same chart then Amazons AMA1000X

  22. Mamed Mutleq says:

    AMA1000X 😍🚀🚀🚀 Thx for this update

  23. Ege Ava says:

    its obviously AMA1000X , and the only I would buy is to make money. Personally, not a huge fan of this one

  24. HAWLİ KEDİ says:

    My AMA1000X shorts are doing pretty well and I plan to hold much longer.

  25. eefefeeffe says:

    My largest holding is Amazons AMA1000X . Glad it came out to be this. I’m a fanboy and I like Charles. He reminds me of Steve Jobs when he speaks.

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