The Ultimate Fumble of the Bag Sponsored by FTX

<p>Unless you've just arrived from another planet, you've likely heard something about FTX, a high-profile, Bahamas-based cryptocurrency that has filed for bankruptcy amid allegations of fraud against Sam Bankman-Fried (known as SBF), its philanthropist founder. Cryptocurrency is a subject that many seem to be talking about, but that few understand fully.</p><p>In today's episode of The Higher Standard, Chris and Saied take a deep dive into the subject, providing explanations of some of the basic terminology, along with insights into the history of cryptocurrency. The goal is to give you a clearer picture of what's happening the crypto space in light of the FTX collapse.</p><p><br></p><p>They discuss and demystify concepts such as the blockchain, exchanges and the overall promise of cryptocurrency as an alternative to existing fiat currency.</p><p><br></p><p>Chris and Saied examine the FTX collapse, including the allegations against founder Sam Bankman-Fried, who was involved and what it means for other cryptocurrencies.</p><p><br></p><p>They also discuss the confusion surrounding the blue verification check mark on Twitter, in light of the massive changes brought about by new owner Elon Musk.</p><p><br></p><p>Join Chris and Saied for this fascinating conversation.</p><p><br></p><p>Enjoy!</p><p><br></p><p><br></p><p><strong>What You’ll Learn in this Show:</strong></p><ul><li>The promises of cryptocurrencies: Censorship-free money, a hedge against inflation, and verifiability.</li><li>Definitions of commonly used but often misunderstood cryptocurrency terms, like the blockchain, crypto exchanges and decentralization.</li><li>How SBF was able to move huge amounts of money without alerting other people, including external auditors.</li><li>The value that a decentralized blockchain is supposed to provide.</li><li>And so much more...</li></ul><br/><p><br></p><p><br></p><p><br></p>