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🎙️Value In The Bear Market | Pod 171
What’s up everybody, it’s LG Doucet here.
I’m on vacation yet again, enjoying the intensely sunny beaches of Portugal. Phil is here too. If you’re following on Twitter, I can only assume its quite the journey.
Random thought about the above paragraph: why does it feel like I’m always on vacation? I feel like I was just gone, but maybe that’s because prior to The First Mint, I never really *told* people I was taking time off.
I do highly recommend it if you’re able to take some yourself (the time off, not the secrecy). Because the truth is that you won’t miss much in the NFT market these days.
We’re in the core of a bear market. Small pumps aside, the reality is that we are not climbing out of this any time soon, with much more pain on the way.
But what do I know? I’m just a guy at his house who likes basketball and blockchain (and vacations). What insight could I possible provide about the broader state of the economic world.
Which brings us to today’s guest…
🎙️Today’s Pod: Value in the Bear Market | Tascha Labs
She holds a PhD in Macroeconomics, and writes a popular (and very in-depth) newsletter about the crypto market and the conditions that affect it.
Her Twitter thread are impeccable.
Her insight, invaluable.
Her bull case for NFTs…non existent.
You’ll hear about it in today’s show, but Tascha doesn’t really think that the current NFTs trends will last. In fact, she thinks most of the crypto industry is ripe for aggressive change if it ever hopes to grow to the masses.
Although she is incredibly bullish on the benefits crypto can bring to the world, as well as The Internet of Value, she projects a long and challenging road to get there.
Oh, and she also thinks the crypto market cap will dip to $500 million🥶
Tune in to hear Tascha talk about:
her unique viewpoint on crypto (4:01)
how she was blown away the first time she used a Decentralized Exchange (6:30)
how permissionless capital and trade are the key to crypto’s success (7:40)
we have tokenization, but we dont have value (9:45)
will crypto be forced on consumers (14:55)
a few companies will be winners and the rest will follow (18:05)
she knew that crypto would implode this way (21:10)
but no one could have known it would be this bad this fast (23:00)
web3 is still at the web1 crash stage; only 5% of the world has used it (25:45)
how to spot crypto market trends (30:00)
managing your risk is the key to it all (33:10)
can these current chains survive (36:30)
her issue with NFTs right now (40:00)
when do we achieve success in crypto (45:00)
A solid dose of reality here.
📺 ICYMI: What Makes an NFT Bull Run | Mack Flavelle
Last week, we were visited by Dapper Labs co-founder Mack Flavelle.
And he did not disappoint.
Mack took us on quite the journey, from his days writing about VR to his “fuck blockchain” moment. An OG in the space, and a true believer in the power of expression on the internet, Mack is quite the character and worthy of a listen here.
This is easily one of the most quotable pods in a while, with instant classics such as “NFT roadmaps are dumbs” and “you can’t mine bitcoin by having cats fuck”.
What the community has to say:
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✨Happening at The First Mint
Each week we publish a podcast about NFTs and the bigger questions of web3. Check out some of our recent faves!
**This is not financial advice. Nothing in this newsletter, podcast, or publication should be considered financial or trading advice of any kind. Please do your own thorough research and make your own trading decisions. This is not advice.”
About The First Mint
The First Mint is a web3 media company. We make. We write. We talk. We listen.
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