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Show Notes
In this podcast episode, the hosts discussed the recent crisis involving Silicon Valley Bank (SBV), which is responsible for funding over 40% of tech startups and invested in mortgage-backed securities. As a result, the macro economy is in shambles, and crypto has been crushed, with BTC and ETH down 10% and alts down around 20%. The hosts discussed the crisis and the potential implications for the banking sector and crypto.
The hosts also discussed recent data points and predictions of volatility and shifts in the market, as well as the strength of crypto in this situation. They highlighted the appeal of crypto as an option for investors who are considering pulling their money out of SBV and other banks.
Kevin Owocki discussed his work as founder of Gitcoin, which aims to fund public goods and support developers in creating software. He highlighted the importance of credible neutrality in fair funding and described the mechanisms for democratically funding public goods, including quadratic funding. He also discussed his new project, Supermodular xyz, which aims to cultivate a more regenerative digital frontier and make positive contributions to the world.
We ended on a positive note despite the grim climate, with a call to action to work together to create long-term positive outcomes and build a better world.
Kevin Owocki on @ 38:30
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