Crypto Growing Pains with Thomas Braziel, Founder/CIO of 507 Capital

Mount Gox… Voyager… Celsius… Three Arrows Capital.. Terra / LUNA… Since crypto’s inception, these are some of the most highly publicized scandals in and around the crypto space. But what actually happened? Where did things go wrong? Most importantly… What were the results and how do we learn from these scenarios?

Historically speaking, many leaders across the space have shied away from talking about these things. If we bring these stories up, will they scare newcomers away? Do we cross our fingers and hope that everyone will simply forget as the ecosystem continues to grow? Thoughts like this have led many to sweep these situations under the rug… until the next inevitable headline. As for me… I want to take a different approach.

Why? Because if we don’t address these topics, nothing changes. Nobody learns. It looks shady on the part of leaders and educators in the space, and certainly does not instill confidence in those on the outside. In fact, these are some of the main instances that people point to as a reason WHY they won’t delve into this space. So in this episode, we’re going to talk about it.

For more information about 507 Capital, please visit: https://507capital.com/

You can Follow Thomas Braziel on Twitter @ThomasBraziel: https://twitter.com/ThomasBraziel

Show notes:

[0:05] Introduction to Thomas Braziel

[2:56] Thomas Braziel's crypto origin story

[6:12] Why distressed assets? Then, how that led to crypto

[9:49] Importance of talking about failures and risks in crypto

[12:46] Counter-party risk in crypto

[16:13] Criteria for potential new crypto investment

[23:15] Story of Mt. Gox, what happened?

[27:27] Mt. Gox unraveling still ongoing, where are we at now?

[29:37] Voyager, Celsius, TerraLuna - how are these situations different from what happened with Mt. Gox?

[33:45] With crypto becoming more mainstream, why its important to understand Voyager and Celsius failures

[39:01] Even if bullish on crypto, understanding how am I accessing this asset class?

[41:10] Difficulty in doing the research on crypto investment opportunities - white papers can be hard

[44:17] Risk management in crypto

[46:57] Behavioral aspect in crypto, don't get fooled by the "Get Rich Quick" ideas; most investments come from social proof, hacking your mind to invest in worthless opportunities

[51:01] How does crypto ultimately succeed or fail?

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