Cobie, co-founder of Lido and UpOnlyTv, and Chris Burniske, partner at Placeholder Ventures, talk about surviving a crypto bear market, the Terra collapse, lessons they’ve learned from their mistakes, and much more. Show highlights: <ul> <li style="font-weight: 400;" aria-level="1">whether Chris and Cobie think crypto is in a bear market</li> <li style="font-weight: 400;" aria-level="1">why Chris says these are the times to buy</li> <li style="font-weight: 400;" aria-level="1">what effect the Terra debacle will have on the crypto industry</li> <li style="font-weight: 400;" aria-level="1">why Chris was expecting UST to blow up</li> <li style="font-weight: 400;" aria-level="1">why Chris thinks there is going to be another massive liquidation event</li> <li style="font-weight: 400;" aria-level="1">whether an algo stablecoin could work</li> <li style="font-weight: 400;" aria-level="1">why bear markets are sometimes a good thing</li> <li style="font-weight: 400;" aria-level="1">how USDT was stress tested and proved its resilience</li> <li style="font-weight: 400;" aria-level="1">how macro is affecting the crypto space and what the role of the Fed is</li> <li style="font-weight: 400;" aria-level="1">when will we see the bottom of this bear market</li> <li style="font-weight: 400;" aria-level="1">how meme coins are the symptoms of a broken system</li> <li style="font-weight: 400;" aria-level="1">why this crypto cycle is different</li> <li style="font-weight: 400;" aria-level="1">whether regulations are helping VCs rather than the retail investors</li> <li style="font-weight: 400;" aria-level="1">why risky assets are the ones that could increase 10,000x </li> <li style="font-weight: 400;" aria-level="1">whether the future of crypto is multichain or not</li> <li style="font-weight: 400;" aria-level="1">how developers signal what ecosystem is going to win in the next expansion cycle</li> <li style="font-weight: 400;" aria-level="1">whether Cobie thinks staking is dying</li> <li style="font-weight: 400;" aria-level="1">how Chris judges market bottoms and tops</li> <li style="font-weight: 400;" aria-level="1">what lessons Cobie and Chris have learned from their mistakes</li> <li style="font-weight: 400;" aria-level="1">what innovations will catalyze the next bull cycle</li> <li style="font-weight: 400;" aria-level="1">what needs to happen in the future for crypto to succeed</li> </ul> Thank you to our sponsors!   Crypto.com: <a href= "https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021"> https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021</a> Cross River Bank: <a href="https://crossriver.com/crypto">https://crossriver.com/crypto</a> Beefy Finance: <a href= "https://beefy.finance/">https://beefy.finance</a>     Episode Links   Cobie <ul> <li style="font-weight: 400;" aria-level="1">Twitter: <a href= "https://twitter.com/cobie">https://twitter.com/cobie</a> </li> <li style="font-weight: 400;" aria-level="1">UpOnlyTv: <a href= "https://uponly.tv/">https://uponly.tv/</a></li> <li style="font-weight: 400;" aria-level="1">Substack: <a href= "https://cobie.substack.com/">https://cobie.substack.com/</a></li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2">L1 trading: <a href= "https://cobie.substack.com/p/trading-the-metagame?s=r"> https://cobie.substack.com/p/trading-the-metagame?s=r</a></li> <li style="font-weight: 400;" aria-level="2">Death of staking: <a href= "https://cobie.substack.com/p/apecoin-and-the-death-of-staking?s=r"> https://cobie.substack.com/p/apecoin-and-the-death-of-staking?s=r</a></li> <li style="font-weight: 400;" aria-level="2">Token unlocks: <a href= "https://cobie.substack.com/p/on-the-meme-of-market-caps-and-unlocks?s=r"> https://cobie.substack.com/p/on-the-meme-of-market-caps-and-unlocks?s=r</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Cycle Tweets:</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2">Why “the next cycle” reasoning scares him</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cobie/status/1524965475813568512">https://twitter.com/cobie/status/1524965475813568512</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="2">What projects will survive the bear</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cobie/status/1469253171885318146">https://twitter.com/cobie/status/1469253171885318146</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="2">His call to “buy” on March 12 2020</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cobie/status/1238282793244860417">https://twitter.com/cobie/status/1238282793244860417</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="2">Which VCs will win</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cobie/status/1515667977118826500">https://twitter.com/cobie/status/1515667977118826500</a> </li> </ul> </li> </ul> </li> </ul>   Chris Burniske <ul> <li style="font-weight: 400;" aria-level="1">LinkedIn</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.linkedin.com/in/burniske/">https://www.linkedin.com/in/burniske/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Twitter</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/cburniske">https://twitter.com/cburniske</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Previous Unchained episode</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/chris-burniske-a-blank-slate-of-state/"> https://unchainedpodcast.com/chris-burniske-a-blank-slate-of-state/</a></li> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/chris-burniske-of-placeholder-on-the-downsides-of-icos/"> https://unchainedpodcast.com/chris-burniske-of-placeholder-on-the-downsides-of-icos/</a></li> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/want-to-diversify-your-portfolio-try-bitcoin-say-arks-chris-burniske-and-coinbases-adam-white/"> https://unchainedpodcast.com/want-to-diversify-your-portfolio-try-bitcoin-say-arks-chris-burniske-and-coinbases-adam-white/</a></li> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/how-to-value-a-crypto-asset/"> https://unchainedpodcast.com/how-to-value-a-crypto-asset/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Cycle Tweets</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2">Feb 2022 bear call</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cburniske/status/1495468570708426754"> https://twitter.com/cburniske/status/1495468570708426754</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="2">March 2022 bear call</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cburniske/status/1523021991619428352"> https://twitter.com/cburniske/status/1523021991619428352</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="2">November 2021 top call</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cburniske/status/1457884538806308868"> https://twitter.com/cburniske/status/1457884538806308868</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="2">DCA advice</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cburniske/status/1525906152881459200"> https://twitter.com/cburniske/status/1525906152881459200</a></li> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cburniske/status/1500593438433021952"> https://twitter.com/cburniske/status/1500593438433021952</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="2">What could knock the market further down</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cburniske/status/1525157945079496705"> https://twitter.com/cburniske/status/1525157945079496705</a></li> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cburniske/status/1524260987787902978"> https://twitter.com/cburniske/status/1524260987787902978</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="2">2017 ATH calls</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cburniske/status/1524838447784947712"> https://twitter.com/cburniske/status/1524838447784947712</a></li> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cburniske/status/1524524188366635008"> https://twitter.com/cburniske/status/1524524188366635008</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="2">Trying to time the bottom</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/cburniske/status/1523573129431240710"> https://twitter.com/cburniske/status/1523573129431240710</a> </li> </ul> </li> </ul> </li> </ul> Chris x Cobie <ul> <li style="font-weight: 400;" aria-level="1">Luna</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/cburniske/status/1524280637431164929"> https://twitter.com/cburniske/status/1524280637431164929</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Feeling sorry for people who have lost $</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/cburniske/status/1524267901456248832"> https://twitter.com/cburniske/status/1524267901456248832</a></li> </ul> </li> </ul>   Bear Market Content <ul> <li style="font-weight: 400;" aria-level="1">Dragonfly</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://medium.com/dragonfly-research/to-all-dragonfly-founders-and-friends-1a65e68093d4"> https://medium.com/dragonfly-research/to-all-dragonfly-founders-and-friends-1a65e68093d4</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Sequoia advice</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2">​​<a href= "https://twitter.com/michellebailhe/status/1526373376142348288">https://twitter.com/michellebailhe/status/1526373376142348288</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Arthur Hayes</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2">buying BTC at $20K in wake of Terra</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://entrepreneurshandbook.co/luna-brothers-inc-712ec5abe199"> https://entrepreneurshandbook.co/luna-brothers-inc-712ec5abe199</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="2">Financial comeuppance</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://cryptohayes.medium.com/annihilation-4effdaf3c73f"> https://cryptohayes.medium.com/annihilation-4effdaf3c73f</a></li> </ul> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Paradigm (surviving crypto cycles)</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.paradigm.xyz/2021/03/surviving-crypto-cycles"> https://www.paradigm.xyz/2021/03/surviving-crypto-cycles</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Zhu Su on being a better role model for retail</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/zhusu/status/1525045033216397312">https://twitter.com/zhusu/status/1525045033216397312</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Nick Tomaino on stopping relentless shilling</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/NTmoney/status/1525234408910987264"> https://twitter.com/NTmoney/status/1525234408910987264</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Lot’s of talk about “suicide” in context of LUNA</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://bitcoinist.com/luna-investors-suicidal-after-cryptos-collapse/"> https://bitcoinist.com/luna-investors-suicidal-after-cryptos-collapse/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Helping smaller LUNA wallets first</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/VitalikButerin/status/1525561624974700545"> https://twitter.com/VitalikButerin/status/1525561624974700545</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Punk6529 on surviving the bear market</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/punk6529/status/1525565876711444484"> https://twitter.com/punk6529/status/1525565876711444484</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Ian from Syndicate DAO on previous cycles</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/ianDAOs/status/1524613312582799360"> https://twitter.com/ianDAOs/status/1524613312582799360</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Best website for looking at token performance</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://cryptorank.io/performance">https://cryptorank.io/performance</a></li> </ul> </li> </ul>   Chris Burniske: <ul> <li style="font-weight: 400;" aria-level="1">Twitter: <a href= "https://twitter.com/cburniske">https://twitter.com/cburniske</a></li> <li style="font-weight: 400;" aria-level="1">Placeholder VC: <a href= "https://www.placeholder.vc/">https://www.placeholder.vc/</a></li> </ul> Previous Unchained Coverage on Terra  <ul> <li style="font-weight: 400;" aria-level="1">Nic Carter, Erik Voorhees, and Eric Wall on the collapse of UST</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/why-terra-collapsed-and-whether-an-algo-stablecoin-can-ever-succeed/"> https://unchainedpodcast.com/why-terra-collapsed-and-whether-an-algo-stablecoin-can-ever-succeed/</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Do Kwon on backing UST with BTC</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2">​​<a href= "https://unchainedpodcast.com/do-kwon-is-backing-ust-with-bitcoin-and-heres-what-else-he-is-building/">https://unchainedpodcast.com/do-kwon-is-backing-ust-with-bitcoin-and-heres-what-else-he-is-building/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Kevin Zhou on the risk of UST’s death spiral</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/heres-why-usdn-depegged-from-the-dollar-and-why-ust-might-too/"> https://unchainedpodcast.com/heres-why-usdn-depegged-from-the-dollar-and-why-ust-might-too/</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Jon Wu on how Terra got depegged:</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/"> https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Do Kwon on The Chopping Block</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.youtube.com/watch?v=0xl8u7-KVwM">https://www.youtube.com/watch?v=0xl8u7-KVwM</a> </li> </ul> </li> </ul>

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Cobie and Chris Burniske on How to Navigate a Crypto Bear Market - Ep.355

Unchained