The Harsh Truth Of The AWS OUTAGE And What's Coming To Crypto

The recent outage affecting Amazon Web Services (AWS) highlights the critical, yet often overlooked, reliance businesses have on centralized cloud infrastructure. This event caused significant disruption, impacting companies from financial data platforms to entire websites. The speaker argues that AWS, despite claims of decentralization, is inherently centralized, underscoring the need for more robust and distributed solutions.

The discussion then pivots to the cryptocurrency space, distinguishing between coins, tokens, memecoins, and NFTs, emphasizing that all projects the speaker discusses have a tangible use case. A specific decentralized platform, Edge Networks, is examined as an alternative to centralized cloud services. However, this project faces regulatory hurdles, particularly from the EU, which the speaker characterizes as tyrannical.

Finally, the speaker addresses the future of centralized exchanges like Coinbase, predicting they will increasingly integrate with and support decentralized exchanges. This shift is driven by user demand for decentralization and self-custody of assets. The speaker also shares personal investment philosophies, stressing integrity, disclosing significant holdings, and advising caution against speculative FOMO buying

• AWS outage caused widespread business disruptions, highlighting the risks of centralized cloud infrastructure.
• Not all crypto assets are equal; coins, tokens, memecoins, and NFTs have distinct use cases, and discussed projects have utility.
• Edge Networks is a decentralized cloud infrastructure project facing regulatory challenges, particularly from the EU.
• Centralized exchanges like Coinbase are investing in decentralized platforms to meet user demand for self-custody and decentralized trading.
• The speaker advocates for integrity in crypto investments, disclosing holdings and warning against speculative behavior and FOMO

AWS Outage and Centralization Concerns [00:05]

• Key Insights:

  • The recent AWS outage significantly impacted businesses, demonstrating the fragility of centralized cloud infrastructure.
  • Companies like Coin Market Cap experienced issues, with price data being unavailable, due to the AWS outage.
  • AWS claims decentralization, but the speaker asserts it's centralized, relying on a limited number of colocation facilities.
  • The lack of true decentralization in cloud infrastructure can lead to substantial revenue loss for affected companies.

• Topic Summary: The speaker uses the recent AWS outage as a prime example of the dangers of over-reliance on centralized cloud services, which can bring businesses to a standstill and result in significant financial losses.

• Interesting Quote: > AWS is, they'll tell you decentralized. It's not. There are a handful of coloss out there in the world.

Distinguishing Crypto Assets and the Speaker's Investment Philosophy [01:10]

• Key Insights:

  • The speaker addresses criticisms about "shilling coins," clarifying the distinction between coins, tokens, memecoins, and NFTs.
  • Every project discussed by the speaker is stated to have a use case beyond just the appreciation of its underlying asset value.
  • The speaker highlights issues with projects that engage in negative "crap posting" about other exchanges.
  • A specific centralized exchange is predicted to face significant challenges due to the growing demand for decentralization.
  • The speaker owns a substantial amount of a project that is down 80% from their purchase price and advises against immediate buying due to existing issues.

• Topic Summary: The speaker differentiates various types of crypto assets and reiterates their commitment to discussing only projects with genuine utility, while also acknowledging personal investment risks and advising caution.

• Interesting Quote: > First off, a coin in crypto or blockchain technology is a currency like Bitcoin, Litecoin. When you see something uh other than a coin, you have a token, then you have a memecoin and you have NFTTS. They're totally different use cases right now.

Edge Networks: A Decentralized Cloud Infrastructure Alternative [03:13]

• Key Insights:

  • Edge Networks is presented as a decentralized platform for creating cloud infrastructure, allowing users to monetize their resources.
  • The core problem Edge Networks aims to solve is the excessive centralization of services like Amazon Web Services.
  • The platform utilizes blockchain technology to connect computer systems and internet lines for decentralized data storage.
  • Users can earn the platform's native token by sharing their unused bandwidth through a piece of hardware connected to their home network.
  • The project is facing significant headwinds and regulation from the EU, which the speaker describes as "tyrannical."
  • The speaker believes the company needs to relocate to avoid being "pigeonholed by regulation."

• Topic Summary: Edge Networks is an innovative decentralized cloud infrastructure project that incentivizes users to share bandwidth, but it is currently struggling with regulatory pressure, particularly from the EU, hindering its growth.

• Interesting Quote: > So, they set up this blockchain tech that ties computer systems together and internet lines together to be able to store data fully decentralized.

Coinbase and the Shift Towards Decentralized Exchanges [05:11]

• Key Insights:

  • Centralized exchanges are actively building and investing in decentralized networks, particularly Layer 2 solutions on Ethereum.
  • Coinbase has invested heavily in decentralized exchanges like the "Edge token" (referring to the Edge Network project discussed earlier).
  • This strategic move by Coinbase acknowledges user preference for decentralization and self-custody of assets through hardware or cold wallets.
  • Coinbase's investment in decentralized infrastructure is a calculated move to remain relevant and grow by providing the underlying base protocols.
  • The speaker suggests that the future of crypto listings will be more open, moving away from expensive listing fees, which Coinbase's decentralized initiatives might facilitate.

• Topic Summary: Coinbase is proactively embracing decentralization by investing in and supporting decentralized exchanges, anticipating a future where users demand greater control over their digital assets and trading activities.

• Interesting Quote: > So, what Coinbase is doing is essentially putting themselves out of business without putting themselves out of business.

Speaker's Crypto Investment Principles and Market Outlook [08:58]

• Key Insights:

  • The speaker emphasizes integrity by only discussing projects in which they are a significant holder and have never been paid by a crypto project.
  • The focus is on projects that offer utility and opportunities to "put it to work" for profit, beyond simple price appreciation.
  • The speaker anticipates a significant market event in the next 3 months: a pump followed by a dump, urging viewers to be prepared.
  • A crucial signal for viewers will be when the speaker announces a move to cash.
  • Personal discretion is exercised regarding specific projects discussed privately with students due to market impact concerns.
  • The speaker consistently advises taking profits when investments rise exponentially and warns against FOMO buying.
  • A recent personal loss from speculative buying (>10% in a day) is alluded to, reinforcing the cautionary advice.

• Topic Summary: The speaker outlines their transparent and utility-focused approach to crypto investments, warns of impending market volatility, and stresses the importance of disciplined profit-taking and avoiding impulsive speculative trades.

• Interesting Quote: > I don't talk about projects that I am not one of the largest uh holders in because of my integr