What does it all mean!? FTX is going bankrupt, what does that mean for their users and for other crypto exchanges? Tune in to hear from not one but TWO experts on the subject. In this bonus episode we are joined by returning guest Michael Allen and a new guest John Wingate to discuss the future of decentralized banking, the shift to a self-custody platform, how crypto holders can protect their money AND what to expect in the next 24 months.
“Not your keys, not your crypto." - John Wingate
"Do your own research." - Michael Allen
Episode Summary:
What does it all mean!? FTX is going bankrupt, what does that mean for their users and for other crypto exchanges? Tune in to hear from not one but TWO experts on the subject. In this bonus episode we are joined by returning guest Michael Allen and a new guest John Wingate to discuss the future of decentralized banking, the shift to a self-custody platform, how crypto holders can protect their money AND what to expect in the next 24 months.
About Michael Allen:
Michael has done a number of things in his life; went to military boarding school from junior high through senior year, enlisted in the US Coast Guard. Michael fixed avionics and flew as a Flight Mechanic/Crew Chief in the Sikorsky MH-60 helicopter, where he accrued more than one-thousand hours in the air and rescued numerous lives.
Michael has had an entrepreneurial itch for as long as he can remember. He started selling various items from a spare trunk in his room at military school, going so far as needing to open a bank account in town to deposit the weekly profits and funding my own purposes while at school.
Prior to and alongside his time in the military he has kept busy. Michael performed various service industry jobs: everything from salad bar and kitchen prep through being a server at his aunt and uncle’s Italian restaurant in Steamboat Springs Colorado, to serving and then managing a restaurant during daylight hours while he worked nights on the hangar deck in Clearwater Florida.
Michael has owned various forms of real estate, managed properties, rentals, HOA’s, and been on various boards.
About John Wingate:
John Wingate is CEO and Founder of Bank Social, a blockchain-based financial system. John is a thought leader in tech, finance, regulation, entrepreneurship and business. His vision for social capitalism includes transparency, objectivity, and integrity so human beings can thrive and participate with direct benefits.
In this episode:
Key Takeaways:
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Connect with Joel Farrell:
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