Guest: McDavid Stoddard (Twitter: @RobMcStodda) Host: LogarithmicRex (Twitter: @LogarithmicRex) Throughout the history of modern finance, the investment landscape has often been marked by periods of "irrational exuberance" and significant greed, with the cryptocurrency sector exemplifying these traits on a grander scale. This has led to unusually large and rapid investment bubbles and notable instances of fraud. High-profile figures such as Do Kwon of Terraform Labs and Alex Mashinsky of Celsius Network rose to prominence in the crypto world, building massive businesses that ultimately crashed, leading both to face serious legal repercussions. This narrative captures a retrospective look at the previous investment cycle, particularly focusing on the experiences of McDavid Stoddard of Aperture Finance, who worked closely with both Terraform Labs and Celsius. The discussion serves as a cautionary tale, reflecting on past failures to prepare for future cycles in the cryptocurrency sector.