Why You Can’t Blame Bitcoin, Ethereum for Crypto’s Existential Crisis

"For the time being, the [crypto] industry has really kneecapped itself," says Nicholas Prouten, chief operating officer of global payments platform LODE Payments International. For something like FTX to take place at such a crucial time for the industry, "is really bad a devastating loss for those who lost funds in the fiasco," he tells Daniela Cambone. Prouten speculates, "this is a shining moment for the decentralized finance space," and this is an opportunity for this side of the industry to say, "we are the future of finance." "The shift is happening and you can't bury your head in the sand any longer," he continues. "LODE is all about autonomous function," Prouten stresses, "we don't have control of your funds, that's what it's all about and that's so important." We can't freeze or withdraw your money, and this helps build trust, he says and argues, "gold backed currency is stability and peace of mind." "LODE has always been about restoring silver and gold to the monetary system," Prouten concludes. #FTX #blockchain #gold ⭐️ Join Daniela Cambone's exclusive community ➡️ https://danielacambone.com ➡️ Follow us on Facebook: https://www.facebook.com/StansberryRe... ➡️ Follow us on Twitter: https://twitter.com/stansberry ➡️ Follow us on Instagram: https://www.instagram.com/stansberry_... ➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stan... 00:00 What state is the crypto sector in right now? 4:15 How do you know where to park your money? 6:45 How will new regulations come to play? 8:02 How much more could we possibly see here? 9:02 Who is the bad guy in crypto? 10:17 Is a monetary reset coming? 12:23 How does Prouten navigate in the crypto space given all the negativity? 13:54 What the benefits of gold or silver-backed currency? 15:34 What’s next for LODE? 18:00 The meaning of Web3 applications 19:16 The mission of LODE