UpOnly with Cobie & Ledger

By Brian Krogsgard, Jordan Fish

Listen to a podcast, please open Podcast Republic app. Available on Google Play Store.


Category: Technology

Open in Apple Podcasts


Open RSS feed


Open Website


Rate for this podcast

Subscribers: 55
Reviews: 0

Description

Join Crypto Cobain and Ledger Status as as they chat with the most interesting people in crypto.

Episode Date
Doug Polk on crypto, poker, and epic scams
01:44:30

Links

Show Partner

This episode is presented by FTX (formerly Blockfolio). Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/ftx

Show Notes

FTX?

- Ledger nailed new intro

- UpOnly sponsored by FTX now!

- Blockfolio is now FTX (as everything soon will be)

- Doug was watching an MLB game and saw FTX on an umpire

- So wild

LEDGER DRINKS EVERY DAY

- *one beer*

- *has cravings if he skips his beer*

- *in a weight-loss competition with Primo to lose 10% of body weight*

- Doug: “That 1 beer per day is costing you 16-17 pounds per year!”

Doug’s Crypto Journey

- 2012-2013ish

- Got in because of poker - online poker caused onboarding

- Doug: “the asset appreciation element kinda made sense to me” lol us too sir

Bitcoin v Banks

- People complain about bank fees and then Bitcoin fees spike lol

- Block time also kind of a hassle

- Cobie: “Nowadays if an Ethereum block takes like a full minute I’m pissed”

- Cobie: “Solana is fast enough and if you use it you can afford to live in New York”

Zoomers & Internet Native Generation

- Ledger: “How many people bought SafeMoon and bridged to BSC? Like how did they do that???”

- Cobie: “We had an interview with Teen Exec and he just understands the internet way better than I do”

- Also have the YouTubers who can show you step by step exactly how to buy the top

- Cobie: “Every time a project comes on UpOnly its the exact top of their thesis”

- Light - super bearish at the bottom

- SCAM and CUMROCKET - top tick on the episode

- Charlie Lee even top ticked Litecoin

Coping

- DOGE founder is coping so hard that he won’t come back

- People would easily donate like millions to this guy

The B Word Conference

- Cobie: “I think Cathie Wood is fking phenomenal”

- “Elon just kept talking about Tesla chargers”

- Doug: “I think Jack needs to have a better idea of how Bitcoin can actually be implemented to fix these issues”

- “Also Elon has a firm belief in ‘Bitcoin has to be 50% renewable’ for someone who’s dad was an emerald miner”

- “His Bitcoin takes felt not extremely researched”

- Ledger: “At some point do you stretch yourself a little too thin if you’re trying to create Mars money and [xyz other stuff]”

Doug’s Challenge

- Poker career focused on 1v1 poker

- Challenged a rival troll guy who was after him to a 1v1 for $1,000,000

- This guy was a major underdog

- He said yes LOL

- $40k buy in, any time you dropped off you bought back in with $40k

- Doug won $1.2M off of this guy lol

- Now they are boys

- Ledger: “you had a lot of reputational tie into this as well - like if you lost it’d be like me losing to Cobie in a trading competition”

- Cobie: “you’ve had some anthropologically bad trades that should be on wikipedia” lmao

Poker & Crypto

- Is it banking the unbanked? Or math, trading, etc. stuff?

- Doug: “Poker guys understand having an edge and are used to losing”

- “Today 200 guys played, 15 paid, so 185 lost” fack

- “Can’t handle losing, can’t do poker”

- “Some edge/ trading aspects, some keeping your money off the books aspects… some of the poker community is DEEP in crypto”

No More Poker 4 Doug

- Basically turned from an art to an exact science that you need to memorize

- Doug: “The reality is the guy who spent 2x the time is going to be better”

- Online vs. in person is the same *at the higher levels*

Doug’s Journey

- Just moved to Austin TX

- Was part of the mass migration

- Left Vegas, “I wanted something idk less stripper-ey” lol

- Nashville would also be great

- Doug: “The ‘Keep Austin Weird’ signs need to come down like that is so far gone, its a tech hub now!”

Ledger’s Fame

- Going to give Doug some Alabama BBQ places off air to not dox his micro location

- Cobie and Doug start laughing at the exact same time

- Cobie: “We have the same joke don’t we”

- Doug: “Ya Ledger you wouldn’t want anyone driving 700 miles out to see you” lmao

- Ledger got recognized 2 weeks ago

Scams

- Doug called BitConnect like a week before it happened

- Everyone knew him as the guy who called it lol

- “Save The Kids Token”

- Fake charity token that was somehow supposed to save the kids

- FaZe & some youtube guy Sam Pepper

- creep

Tether FUD

- Doug: “I actually don’t agree with any of the Tether FUD” YES DOUG

- Doug: “Like pretty much people won’t be happy unless they have $60 Billion in a checking account”

- based

ETH 2.0

- If/ wen ETH2 happens, are people still rushing to send their money through MATIC? prolly not

- Probably won’t be a scaling benefit until sharding

- Cobie - prolly rollup-centric solution to scaling when it all works out

ZK-Rollups

- Created down only tokenomics of ZCash *disclaimer: this is FUD*

- Uses security of L1 w/ cheaper scaling

- Vitalik said it’d take like 5 years of optimistic rollups before ZK rollups but now looking like straight to ZK rollups

- More gigabrain Cobie

Top Scams Ever

- 1. Poker guy knew the guy in god-mode and won legit every tournament

- Won like $250k

- 2. Joshua Tyler - installed a trojan on Doug’s computer and could see his cards

- Got investigated and Doug got his money back!

FINAL ALPHA

- Doug: “In life, you should always bet the biggest on yourself”

- “No one is going to work as hard as you or be as honest as yourself”

- “When you get opportunities to bet big on yourself, take them and you’ll never regret it”

Notes by Kevin

Music by GiovanniPickle

Jul 29, 2021
Teen Executive on the Game of Investing
01:27:18

Links

Show Partner

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

 

Show Notes

Kicking it Off

– Real name is Adam – 14 years old

– Not taking outside noise into his trades

– Just holding unless there’s something really clear cut to signal a temporary sell

– ALWAYS FALL BACK TO HOLDING

Trading

– Cobie: “you’ve been selling the top and buying the bottom how are you doing this?”

– Sold ETH at $3800, watched it rip to $4300 and everyone

– Everyone roasting him for selling “too early” (they’ve been very quiet since the drop)

Start of Investing

– Grandfather inspired him to get into stocks at AGE 8 sheesh

– Bought Amazon, Google and Liberty Global

– Still holding Amazon and Google 6 years later

– His grandfather got margin called a few years ago and lost a ton of money (not sure he should be saying that)

– Cobie: “sounds like he might need a loan from the bank of teen executive”

– At a stage now that he’s almost ready to buy a house!

– Has time to wait if need be, 14 y/o

– Thinking an Arizona house but only for investment purposes

– Landlord at 14 “All of the tenants are going to be so sad” lolll

No stress trading by Teen Exec: “If I lose it all I’m 14 I’m still good like I live at home in my parents house I’ll be fine”

How do you find your coins?

– TE: “I just go with what people are talking about like XRP Cardano whatever it may be”

– what’s your favorite?

– Exec: “Ethereum.” v bullish ETH

Crypto Cycles?

– “I care about cycles just cause I’m super impatient and don’t trust myself to hold”

– “My dad thinks its a ponzi scheme he wouldn’t let me buy it so I had to accept it for promotions, sold some, reinvested that” LOL zero cost basis he can’t lose!

Technical Analysis

– Started using TA about a year ago – crypto application about 6 months ago

– What are the charts telling you right now?

– Exec: “Inconclusive”

– Fundamental analysis + TA for entry?

– TE: “Yes exactly – fundamental analysis tells me if I should invest in a stock and TA tells me when I should invest in a stock” actually very good alpha there

Cobie: “If I have any advice its to not listen to Ledger’s advice”

Teen Exec: “Thats good advice” LMAO he’s electric!

Exec: “UpOnly is mine now I’m taking over!”

How’d you become an influencer?

– “What motivates me is that making money is fun”

– “I follow the money”

– 10 days in I made a video called “How I Made $5000 Instead of Buying a Gucci Wallet”

– was gonna buy a Gucci wallet for $500, instead bought Tesla and a year later it was $5000

– I was in a state of shock on my couch watching my video go from 5,000 views to 20,000 to 30,000 views

– TE: “Ya people really liked it but also really hated it” LOL “and they’d comment which really helped the algorithm”

– “I’m going into high school next year and have been working on my comebacks and I know when they’re good cause Ill ratio the guy”

– “This one kid was making fun of me saying my videos are annoying and his parents just bought an $8 million dollar house and I said how’s it feel to be a maggot living off of your parents for the rest of your life and he walked away crying”

– Ledger: “You are ready for a job at Goldman” LMAO

Cobie: “This is like the only time the chat hasn’t been toxic”

College

– “My parents would prob disown me if I didn’t go to college”

– Planning on econ at UCLA then MBA at Harvard

– Not gonna go to a corporation – gonna always do his own thing

– Ledger: “You’ll learn more through the internet than an MBA”

Heros

– Mr. EXEC: “Jeff Bezos”

– Cobie: “yup going big just the richest man ever” lmao

– Teen Exec: “Warren Buffett”

– “He’s kinda like me he likes making money cause its fun not to buy nice things”

– Cobie: “Mine is Mark Cuban – he lives such a baller life. Built a company, sold it, built another company, sold it, now he just owns a sports team – fun life he got his priorities right”

ALPHA LEAK Cobie is 31 y/o don’t know if we knew that

Ever Been Recognized as Teen Exec?

– Exec: “All the time every day”

– “I was on on vacation and got recognized 8 times in 5 days”

– “Whenever I’m at the beach with friends and stuff get recognized there”

– “People try to bully me cause I’m short and do stocks but they don’t realize that I wreck people”

Things TE Doesn’t Like

– Sneaker reselling

– Just very boring

Teen Exec Viral Advice for Cobie & Ledge

– For TikTok, the first 3 seconds are KEY

– Who’s gonna skip on “HERE’S HOW I’M GONNA BUY A HOUSE AT 15”

Ledger’s kids are 6 and below w/ 100% net worth in crypto CHADS

Teen Exec Question for Cobie

– “What go you into making money?”

– Cobie grew up middle class with hardworking honest parents to provide for him, learned the value of money went to university with trust fund kids, motivated, then started shitcoining and now he’s here!

Chat Q&A (Part 1)

– NFTs? “nah”

– First car? “Tesla Model 3”

    – Cobie: “Just get a Jaguar F type” very fresh car

– Biggest lost? “the $3000 from Robinhood options”

– Videogames? “nah”

– Handling golddiggers? “I don’t buy anybody nothing and girls don’t like me so if she’s out of my league and flirting I know she’s a gold digger”

Chat Q&A (Part 2)

– School? “i’m 2 years ahead in math, 1.5 years ahead in science, everything else just honors”

– Music? “i like music” – “Duke Ellington” (jazz musician from the ‘40s)

– Ledger: “that fits right in with your country club vibe” LMAO

Books

– “I haven’t read books for fun for 5 years… my parents resent me for it”

– Cobie: “I think reading intelligent authors can often be +EV”

– Cobie’s only advice – reading fiction is fun

TEEN EXECUTIVE FINAL ALPHA

– “Everyone that says something negative about you 100% of the time is either jealous or unhappy with something deep in their life, so don’t let it get to you”

Ledger ends the show with a Canadien accent legit incredible maybe best part of the show keep doing different accents bls

🤝

Notes by Kevin

Music by GiovanniPickle

Jul 22, 2021
Doom & Gloom with Light
02:06:43

Links

Show Partner

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Full shownotes: https://uponly.tv/?p=230

Notes by Kevin

Music by GiovanniPickle

Jul 21, 2021
Cobie’s Back: State of the Market with eGirl Capital
02:33:16

Links

Show Partner

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Notes by Kevin

Music by GiovanniPickle

Jul 15, 2021
Trading wisdom from CryptoCred, DonAlt and CMSIntern
01:51:36

Links

Show Partner

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Show Notes

cmsintern Intro

 ⁃ Cold called Dan (@cmsholdings) for 2 minutes during a break and got grilled by Bobby (@robertjcho) for a whole 20 minutes

 ⁃ Started a blockchain club in college

 ⁃ Didn't Study memes in college despite popular lore, STEM stuff

 ⁃ Got liquidated in November (ONE OF US) makes < 10 trades a day now.

CryptoDonAlt Intro

 ⁃ Brother worked in IT, told him to look into it but couldnt figure out how to buy it. Moms credit card was a gating factor here

 ⁃ Watched the run up to $1k in BTC & the bear market and was interested, felt expensive at $200 so bought DOGE

 ⁃ Held until 16/17 because he loved the community, 16-17, sold it to buy BTC and started swapping around

 ⁃ Became a bear on Twitter and farmed all the clout

CryptoCred Intro

 ⁃ Got lucky to be in crypto before 2017 and survived and now he is where he is

WAGMI?

 ⁃ Don: Thinks we have another crash before we go up and will eventually in future make it. 24K -> 40K -> 20K -> MOON

 ⁃ There are still people left to panic sell even though leverage is lower. Fine buying back in higher if the market turns but doesn’t feel great about it here

 ⁃ Cred – Asked to disagree but he doesn't, reinforces Don’s points. Zoom out, trend is broken

 ⁃ Retail free money trades are rekt TikTok / Doge / BSV? , predatory markets BARTS!

 ⁃ Cred: Trend followers say lower MAs, no opportunity cost to be out of market here

 ⁃ cmsintern: Blind optimism and asks for more bullish sentiment

 ⁃ Don: Long term fine just dont want to be panic selling

 ⁃ Ledger: Drawing tonnes of lines seems like too many lines now

 ⁃ Cred: Despite all of the bad news BTC is still over 30K which means someone is buying & news effects are more muted now. Not high conviction bearish, not high conviction anything – hanging in stables, not even farming, lending, or short

CMS Alpha & Axie Infinity

 ⁃ cmsintern: CMS have a couple of different thesis being worked on but cant talk about them or will get fired. Believe in a future MultiChain universe

 ⁃ Personally waiting for the Axie fork on SOL to go all in. First report he ever did as an intern was for Joe on Axie

 ⁃ Don: Axie is a pretty good game compared to most other blockchain games which are terrible

Trading

 ⁃ Ledger: Charlie Lee on UpOnly was the pico top for LTC this cycle

 ⁃ cmsintern: brought up TA and charting at CMS 2 weeks in and got laughed at for what he said

 ⁃ Cred: would not only trade charts long term, will look for fundamentals for conviction

 ⁃ Don: Making judgement based on what the Bitfinex whale is doing isn’t going to be beneficial. People will use it to confirm their pre-existing position

 ⁃ Worth watching if a pump is led by spot or by futures

 ⁃ cmsintern: Dan says funding rates isn’t part of the game, it *is* the game

The Flippening

 ⁃ Don: you can make an infinite amount of alt-coins and even if you pick right even your choice can be overtaken too, it’s just the way it is for emerging tech

 ⁃ Cred: Considering it counter-factual, what would Bitcoin need to not be doing for something to catch up, something gnarly would need to happen to BTC and that might be net negative and bring down everything else with it

 ⁃ Ledger: BTC has the primary network effects in crypto. POW negative narratives is maybe most likely to cause ETH to have a chance to take over. Agree with Don, BTC flip likely drags down the whole market

 ⁃ Don: Market is way too immature for it right now and BTC won’t go to second place but maybe that changes in future, who knows

Fundamentals

 ⁃ Cred: The decentralisation of hash-rate is long term bullish as well as the loss of less environmentally friendly miners in China

 ⁃ Don’t be caught on the wrong side, be it up or down. Don’t manage a bad position, wait for the right one and take it from a position of strength

Final Alpha

 ⁃ Cred: “Conformation is for Christians”. If you wait for confirmation you have to be right, if you trade at the extremes you can be wrong and still make money or at least lose less

⁃ Don: When you’re making excuses for losing trades you are taking away an opportunity to grow. The only thing you should be ashamed of is saying it isn’t your fault because you won’t get better. Accept your mistakes and ask yourself how you can do better next time

 ⁃ cmsintern: Use FlipMetrics & TheDailyApe. Understand asymmetric upside and look for domains outside of crypto where you can also find this

Notes by Luke

Music by GiovanniPickle

Jul 09, 2021
Exit Scams & Crypto Economics with Taylor Monahan, Aaron Lammer, & Allison Reichel
01:57:31

Links

Show Partner

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Show Notes

Ledger & Allison Reichel <> Aaron Lammer <> Taylor Monahan
LedgerOnlyTV notes

Exit Scam Podcast Story
⁃ Quadriga (large Canadian exchange) had a decent reputation
⁃ The Quadriga wallets did not lead to any cold storage – it was a ponzi scheme 
⁃ Founder Gerald Cotten goes to India and dies, holding $280M in users funds locked on his laptop
⁃ Going to have to listen to Exit Scam Podcast to hear the rest

Crypto Market
⁃ It is easy to make it in crypto by not doing anything… so it’s really hard to get people to work when you don’t have to do anything

MyCrypto
⁃ Using an ETH wallet as a Web3 login was a wow moment
⁃ In 2015 Taylor imagined everyone would use a smart contract wallet
⁃ Smart contracts require a certain confidence level – Taylor thinks the billions of dollars running through them daily might be getting ahead of ourselves

Technical Question: CEXs
⁃ When you see “5 ETH in wallet” there’s no wallet with your ether in it lol
⁃ CEXs have a huge mush pot of everyone’s coins 
⁃ Why can’t CEXs actually just give everyone a wallet? ETH wallets are free
⁃ Kraken used to have an audit feature to check

Aaron Background
⁃ 2017 newb —> 2021 farming expert
⁃ “It’s all just plagiarized from my chats”
⁃ “not a videogame person but am bullish the metaverse”

Allison Background
⁃ Goes to an Austrian economics school (although not an Austrian economist herself) 
⁃ Writes a newsletter “Inflated Expectations”

“The only way to guarantee good content is to send them to UpOnlyTV” facts

Is Gerald Cotten Dead?
⁃ Taylor: “idkidkidk….dead”
⁃ Allison: “alive”
⁃ Ledge: “alive but wife is innocent”

EIP-1559 Bear Case
⁃ with DeFi miners can choose which order transactions are in
⁃ “ultrasound money, deflationary, number go up” feels like too much hype
⁃ devs getting over-optimized where users don’t need it

Inflation/ Deflation
⁃ Narrative is always inflation is so bad
⁃ Hyperinflation is a symptom of bigger problems 
⁃ Crypto is almost cheering for inflation… you gotta understand:
⁃ With revolutions and regime changes comes mass destruction + global financial ruin
⁃ Inflation of ~2% makes people put their money to work and can sometimes be good…fack

Chances of Going to 0?
⁃ Bitcoin: 0.0000% 
⁃ Ethereum: 0.0% 
⁃ All others: non-0 chance

Notes by @cmsintern

Music by GiovanniPickle

Jul 02, 2021
Justin Sun addresses market crash rumors, talks collecting & creating in crypto
01:51:02

Links

Show Partner

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Show Notes

Beeple NFT Auction

– Justin bought Jack’s first ever tweet, was second highest bidder on Beeple’s huge auction

– Justin’s a traditional art collector

– Also believes in 10 years all of our collections will be on the internet

– The gvt doesn’t get it… the younger generations were raised on some of these games, this stuff is worth more to them than physical art

– Justin: “A % of my net worth is in NFTs, and I’m buying more”

– Jack’s tweet purchase? More of a souvenir

– Justin: “I think in the future there will be an internet museum with all the old relics… the tweet can go in there”

Market Macros

– Justin: “July and August will be much much better for market”

– Cobie: “so 1 month consolidation then we resume Up Only” lol

DeFi vs NFTs

– Insiders like DeFi, public likes NFTs

– Justin: “DeFi will be much larger”

– DeFi market cap will be much bigger, but NFTs will grab headlines and stay in the news

– Which crypto product is worth most? The one everyone uses

– Which NFT is worth most? The one everyone has seen

Crypto History

– Joined in 2012

– Studying Eastern Asian Studies at UPenn, wanted to join law long term

– Saw NYT article on internet money

– Justin: “I bought lots of XRP in the early days at like centralized decentralized exchanges”

– Justin: “Early days I felt like Poloniex was a scam”

– Ledge: “Now you own it” LOL

Tether on Tron

– The vision is to send money like email, in 2 seconds you can guarantee you got the money 

– Everyone in crypto needs a settlement solution – stablecoin

– Ledge: “Ripple’s big mistake was taking crypto and going straight to legacy banks – tether was good because they got crypto native buy in then they you start to bleed into more innovative banks

Crypto on Pornhub

– Cobie: “So you mentioned Pornhub as your example use case for these payments… do you use crypto or do you just use your credit cards?”

– Justin: “I am a Pornhub subscriber”

– Crypto has brought revenue to this industry – people like the hidden aspect

Other L1s

– TRX is still focused mainly on usage and ecosystem adoption

– ETH killer competition is important to push ETH development

– BSC is leading through Binance popularity, doesn’t think they took users from e.g. Uniswap

– Helps the DeFi narrative to show adoption of average retail

ETH

– Does not believe that ETH should move to POS

– Thinks it should stay POW

– They will lose their competitive advantage as a POW settlement layer – there are already POS settlement solutions that scale better than ETH

National Adoption

– Everyone will get into crypto eventually

– Governments who don’t adopt or ban, lose a lot of opportunity and value just like the internet

– More small countries will follow El Salvador with adoption

– Countries banning crypto will run into problems in future as adoption increases

*Paid $4.5M for a meal with Warren Buffet in January 2020* sheeeesh

Bad Investments

– Most stupid thing he has spent money on was stock in an early mining company by Friedcat

– Around ~1000BTC worth stock went to zero in around 9 months

– Friedcat vanished in 2015

– Didn’t go into Titan, too risky – be cautious using new DeFi products

– Cobie agrees, exit scams are happening as the market goes down, review your permissions and approvals, revoke where needed

Learning Crypto

– If anyone asks about crypto, Justin tells them to buy first then ask questions later

– Someone will be interested in their investment and become an expert later by following news

– His mother is now very involved after doing this and is sending Justin news now

Justin’s Mom

– Sends him crypto news after she bought in

– Tries to downplay any influence, especially the wife thing

UpOnly

– Will Justin buy UpOnly for $200M?

– He just wants to make NFTs

– Cobie: “Just pay Ledger $200M for the podcast and you can make as many NFTs as you want” lol

Final Alpha

– The world is more focused on the result, but you yourself need to focus on the process

– Everyone else in the world is focused on how much money you make in crypto, but just focus on people who are building here and putting effort into growing this space

Notes by @cmsintern

Music by GiovanniPickle

Jun 24, 2021
John Bollinger, Creator of Bollinger Bands
01:53:44

Links

Show Partner

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Full show notes

Jun 23, 2021
Solana founders on why the Solana ecosystem will thrive
01:51:27

In this episode of UpOnly, Cobie & Ledger chat with the founders of Solana, Anatoly Yakovenko and Raj Gokal, discussing Solana, what makes it different from other L1s, why they think it will last, and more.

Links

Show Partner

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Show Notes

Marketing Solana

– It’s hard to even define what Solana is in English so that normal people can understand what it is

– Very strong product market fit with Solana and developers

– Next step: how do you get people to understand how to custody their own assets and why that’s important?

Intros

– Anatoly: “been an engineer most of my life, started at Qualcomm, was working on optimizing AR, was aware of crypto, started mining with GPUs not being used and pulled into crypto”

– Anatoly: “had 2 coffees and 1 beer (LOL), stayed up til 4am then it hit – thermodynamics isn’t only measurable, you can measure TIME”

💥

– Anatoly: “Figured out you could trustlessly encode the passage of time then I was manic for a week… then talked to Raj and it all started”

– Raj: “I spent 7 years in healthcare, started a company there, then was introduced to Anatoly camping and knew it was the biggest swing I could take in my lifetime”

Who’s the Core Market?

– We don’t even know

– “Solana might be the go-to network to bring finance onchain in a way that finance people get”

– If we engineer and optimize well enough, Solana will be able to move as fast as news through fiber optic cables (~speed of light)

⚡️

– Was introduced to Sam – 4 weeks after he tried out Solana they had built Serum

– Everyone thought it was dumb to even try DEXs…

– “but we knew if something was gonna work with blockchain, it’s probably gonna work A LOT”

– Cobie: “I’d treat Solana as if it’s a developer platform with the core KPI as user traction”

🤳

Developer Experience

– Rust (coding language) acts as a moat

– If you have enough conviction in the vision, you eat glass to build it

– “The kid who built synthetify built it during his finals”

    – THAT’s grit

💪

– C++ people do well with Rust, and tradfi devs do well with C++, so acts as a good bridge

Engineers

– “at a certain point these guys don’t see themselves as a “rust” engineer they see themselves as a “get shit done” engineer”

– Should we support Solidity? Should we support EVM?

– NAH. If you’re that good then learn rust.

Preventing Shit Projects

– Gotta just use common sense

– Lots of community review

👨‍👩‍👧‍👦

– These guys who came out of capture the flag winners, they just destroy everyone’s code

– Free audits on Solana! These guys check your code lol

Solana Timeline

– How to balance timeliness with quality?

– “Shit, that’s a hard question”

😂

– Our goal is through these hackathons, find coders that will code, no sleep, ship products, XYZ and just unblock their potential

How’s a Founder Raise Structured?

– Need the lawyer to say anything

– Cobie: “per year of lockup there is some percentage discount from the market e.g. if you lock up tokens for 4 years then you get like a 20% discount or whatever”

📆

– Your tokens are the main thing you have in your war chest

Is having a central planner, even if it’s a DAO, counterintuitive for crypto?

– When you delegate your stake to the node you don’t change custody

– but the node has full control over it

– With ETH, you kinda relinquish custody to LIDO

– On Solana you don’t have to relinquish custody

Solana Community

– SBF obviously huge

– Bahamas test – if you went to the Bahamas, how well would the project do on its own?

– Read “how to start a startup” but like how useful is that lol

– I’ve learned you gotta ship quickly, and only focus on fires when you’re steering the ship

– Optimize for shipping

– Very important that the way the chain works is as optimized as possible (speed, security, decentralization)

– It’s really hard to build tho lol

– first time we booted it up it ran for like 20 min then crashed

– Then next time ran for like an hour, then a week, then we were like holy shit it works haha

What’s Broken rn

– Rn we’re just working on optimizations mostly

– Just blood sweat and tears to make it better the core structure is good

🥵

*Solana guys sent Ledger a beanbag without any fluff inside thought it was a body bag LOL*

🧳

SOL hackathon

– $1M of prizes and seed funding

💸

– Last one, 11 teams got funded with over $1M each tho… so the money isn’t even to attract people lol

– Idea is to attract developers and forces everyone to come together at the same time, listen to the same things, form teams, and grow the overall community

– There’s also pride, if you win you had to go through the gauntlet with everyone else

New Crypto Categories

– In 2017 everyone was publishing a white paper

– None of it worked lol

– Now people are actually able to ship this stuff and it works

🎁

– The idea of a fully decentralized Discord that feels like web 2 is where a lot of the devs are working now

Will an Algorithmic Stablecoin Ever Work?

– No…lol

– Cool think about Bitcoin was getting high grade cryptography into consumer hands

– If that’s the most powerful peace of this, people will find a censorship resistant way to coordinate these things

“What do you do?” Answer

– I just say a bunch of technical words and their eyes glaze over

– I tell people I work in blockchain and it will take over

– When first looking for seed money, banks wouldn’t give a bank account when using the word blockchain

– Cobie: “I just tell people I have a trust fund” lmao

– Ledge: “I tell people I work in web stuff”

– Ledge: “The only thing worse than saying you work in crypto is saying you’re a podcaster”

🎙

– Cobie: “Only thing worse than that is saying you’re a Twitch streamer” hahhaha

Thoughts on Bitcoin

– Bitcoin good

– Self-sovereign decentralized money that’s a store of value could be a huge force of good in the world

Other L1s

– Avalanche, Cardano, NEAR, etc

– It’s all good competition

– It’s like whatever the Lakers thing of the Warriors… in the heat they’re your enemy but hanging out later they’re nice guys lol

FUD a Project

– Safemoon

– Dfinity

– ETH

– Cardano

Dogcoins

– Dogcoins are winning because money is abundant, attention is scarce and memes have value for that reason

Free Alpha

– Raj: “new normal. You wake up, Bitcoin is legal tender, just head down and stay on course”

– Anatoly: “Don’t drink to much or eat too much, work out, don’t have too much caffeine. Just use some moderation”

Music by GiovanniPickle

Jun 17, 2021
Raoul Pal on the Inevitability of Crypto
01:36:44

In this episode, Cobie & Ledger cover the gamut with global macro thinker and investor Raoul Pal: everything from bitcoin to the metaverse. It's a must watch.

Real Vision Crypto

Raoul on Twitter

This episode, like all episodes of UpOnly, is presented by Blockfolio. Make your first trade today: https://uponly.tv/blockfolio

Jun 16, 2021
Kyle Davies of Three Arrows Capital on Conviction & Concentrated Bets
01:48:19

Links

Show Partner

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Show Notes

China FUD

 ⁃ Matty: there will be some clamp down on leverage and futures trading but spot will be fair game. It’s about financial stability in China at the centre of it all, not crypto. Article: https://decrypt.co/72276/heres-how-chinas-crypto-fud-will-play-out

 ⁃ Sicarious: intro to crypto was during a wave of China FUD, right after his wedding, the same night there was a China ban and 50% drop. Has seen the ban so many times now it isn’t scary.

FloodCapital – State of the Market

 ⁃ Firmly in the “this is a correction” camp. We’re not going into a bear market.

 ⁃ US are printing money to pay their debt interest. 130% debt to GDP. Needs anomaly GDP growth in order to de-lever. Going to light a fire under the bond market. Money will flow into other markets

 ⁃ Matty: disagree (in the strongest possible terms). US has a huge underinvestment problem for e.g. infrastructure, R&D. Yield curve implies a different position on inflation. US debt is denominated in USD which makes a big difference – rock bottom interest rates, use it.

Sino Bull Thesis for $COPE

 ⁃ Shout out @cyrii_MM

 ⁃ COPE whitepaper: https://www.unlimitedcope.com/whitepaper/

 ⁃ Matty: Fully backing the team, if they don’t get the engine right first time they’ll pivot to something amazing.

 ⁃ Full Thesis: https://sinoglobalcap.medium.com/why-we-invested-in-cope-8dc920caeffe

VCs & Raising Money in Crypto

 ⁃ Cobie: If you have an awful project you can adjust the tokenomics to make it favourable to Vulture Capitalists and raise now, easy. Funds race to dump on other funds. Don’t buy pre-sales!

 ⁃ Hate the game rather than the players as if they players stop, they will be replaced with different players.

 ⁃ Will see a divergence in the types of projects raising. Good projects can raise what they want with long lockups – whole team get Castles if they want. You’ll be able to judge a projects quality by looking at their terms.

 ⁃ Matty: A lot of Crypto VCs are not actual VCs. They’re not acting in a VC capacity and servicing projects for the long haul. Sino are trying to do something different.

 ⁃ FloodCapital: There are rare opportunities that retail can get in at similar prices to VCs, those are always worth searching for.

Layer 1 Solutions

 ⁃ Matty: We’re still extremely early, comparing BTC penetration rate with Internet penetration rates.

 ⁃ Bullish on ETH and the moat they have created with their developer community.

 ⁃ ETH is the family car. SOL is the high performance car. They can coexist and both see enormous growth, as can other projects.

 ⁃ Cobie: What’s ADA? Matty: What’s the worst car you can think of?

 ⁃ Ledger: What’s Bitcoin? Chat says it’s a Tank.

What Sicarious looks for in a project?

 ⁃ Long term investor, if he likes a project he holds it long term e.g. One of the first investors in HXRO and still holding.

 ⁃ Doesn’t care what the team is building as long as he can trust them.

 ⁃ Got into DeFi “late” so it was important to look for long term fundamentals. Even if something is up 100x it can still be a good place to enter. Has to actually read white-papers now!

Bull Market? Over?

 ⁃ Flood: This is a mid cycle correction.

 ⁃ Sicarious: Hell no. Going to be taking profits this cycle compared to other cycles but items not over yet.

 ⁃ Cobie: Give the most likely scenarios weighting and trade on that. Just as likely that there is a 2013 style double bubble as it is that it’s over. Or maybe it really is a super-cycle, and it is UpOnly (lower probability but still possible). ETH might be able to prop up the market enough for ATHs. Looks for the narrative that would upset the most people Up(set)Only.

 ⁃ Ledger: Looking at charts on linear and it can get very scary. Thinks there will be a new high this year especially on ETH.

Final Alpha

 ⁃ Matty: Stop saying you don’t need sleep. You need sleep. 8-10 hours of sleep, don’t wreck your mental capacity. Get your sleep!

 ⁃ Sicarious: Don’t burn bridges needlessly. Even if someone screws you over, things might be different in future and the relationship will be beneficial.

 ⁃ FloodCapital: Be patient and a long term thinker. It’s so easy to be distracted. How much time do you spend a day thinking original thoughts? Longer term you can achieve what you want financially by growing year on year rather than needing to 100x.

Music by GiovanniPickle

Jun 10, 2021
Bitcoin Miami Wrap-up with Aubrey Strobel, SizeChad, and Lawmaster
02:18:12

Links

Show Partner

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Music by GiovanniPickle

Jun 09, 2021
The Vulture Capitalists, Inflation, and State of the Cycle
02:02:12

In this episode, Cobie and Ledger are joined by Matthew Graham (Matty Sino), Flood Capital, and Sicarious to discuss a range of fun topics from VCs to market cycles.

Joined by:

@mattysino

@Sicarious_

@FloodCapital

This episode is presented by Blockfolio. Try a trade there today: https://uponly.tv/blockfolio

Jun 04, 2021
Building blue chips, with Stani of Aave, Kain of Synthetix, and Santiago of Parafi
02:15:00

In this episode, Cobie & Ledger are joined by the founders of two of the bluest of blue chip defi projects: Stani of Aave and Kain of Synthetix, along with epic investor Santiago of Parafi Capital. We go deep on all things defi.

This episode is presented by Blockfolio. Make a trade there today: https://uponly.tv/blockfolio

May 28, 2021
Sam & CZ Discuss Building Crypto Empires
00:48:29

In this episode of UpOnly, Cobie and Ledger are joined by Sam of FTX and CZ of Binance to discuss building exchanges, supporting networks, and how their approaches differ on crypto.

 

This episode is presented by Blockfolio: https://uponly.tv/blockfolio

May 26, 2021
Is the bull market over?
02:00:52

In this episode of UpOnly, a special panel joins Cobie and Ledger to discuss the state of the market post-dump.

Presented by Blockfolio: https://uponly.tv/blockfolio

May 21, 2021
Konstantin Lomashuk: Investing in people with a long term outlook
02:14:50

In this episode of UpOnly, Cobie and Ledger talk to diamond-handed investor Lomashuk, crowdsale investor in Eth and many other projects.

 

https://twitter.com/Lomashuk

https://lido.fi/

https://satoshi.fund/

https://p2p.org

 

Presented by Blockfolio. Trade and track your portfolio with zero fees: https://uponly.tv/blockfolio

May 19, 2021
A Parallel Universe: We talk to two BSC project creators
01:47:31

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

May 13, 2021
Meltem Demirors: for Fun, for Profit, & for Learning
02:16:29

In this episode of UpOnly, Cobie and Ledger talk to Meltem Demirors, crypto investor and Chief Strategy Officer of CoinShares.

@melt_dem

Coinshares

UpOnly.tv

This episode is presented by Blockfolio. Make trades with zero fees, plus track your portfolio like you've always loved: https://uponly.tv/blockfolio

May 11, 2021
Life changing trading in crypto
02:53:35

Links

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Music by GiovanniPickle

May 07, 2021
Charlie Lee on Litecoin, decentralization, and the crypto ecosystem
01:24:14

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Music by GiovanniPickle

May 07, 2021
Bitcoin Maxis versus Ledger & Cobie
02:51:53

In this episode, Cobie and Ledger bring on three bitcoin maxis and have a wide ranging discussion about markets, bitcoin, eth, networks, and much more. 

This episode is presented by Blockfolio. Make your first trade (or even stack sats!) with Blockfolio today: https://uponly.tv/blockfolio

Apr 30, 2021
Jason from Telegram and Travis Kling talk trading and macro
01:46:53

In this episode of UpOnly, the famous Jason from Telegram and Travis Kling join us to talk markets.

 https://uponly.tv

 https://twitter.com/Travis_Kling​ 

https://www.ikigai.fund/

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Apr 22, 2021
Big Brain Crypto Club
02:31:37

 It's just an overload of alpha. This episode is presented by Blockfolio. Make your first trade today: https://uponly.tv/blockfolio

Apr 08, 2021
Crypto whale Tetranode on his story and his bullish outlook on Ethereum and defi
01:44:13

Show links:

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Music by GiovanniPickle

Apr 07, 2021
Mark Cuban: Present & Future Opportunity of Crypto
00:47:30

Notes & Links

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Music by GiovanniPickle

Apr 01, 2021
Tether & Bitfinex CTO Paolo Ardoino talks stablecoins, exchange security, and more
01:26:46

Notes & Links

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Music by GiovanniPickle

Mar 30, 2021
Carly Chaikin from Mr. Robot talks to IRL Hacker YTCracker
02:15:32

This episode is presented by Blockfolio. Trade seamlessly from one asset to another, and track your portfolio just like you've always loved: https://uponly.tv/blockfolio​

Carly's NFT
Carly's website
Carly on Twitter

YT Cracker SoundCloud
Bitcoin Baron Video
YTCracker Twitter

Mar 25, 2021
CMS Holdings co-founder Daniel Matuszewski
01:23:20

This episode is presented by Blockfolio. Make a seamless trade on Blockfolio today at: https://uponly.tv/blockfolio

Mar 23, 2021
Santiago R Santos of ParaFI Capital on Defi Decoupling
01:32:05

Follow Santiago

His blog

ParaFi

Books:

Finite and Infinite Games

The Cathedral and the Bazaar

This episode is presented by Blockfolio. Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/blockfolio

Mar 16, 2021
Nifty Gateway CEO Griffin Cockfoster and Artist Ian Strange on the NFT Boom
01:09:52

This episode is presented by Blockfolio. Trade with Blockfolio today at https://uponly.tv/blockfolio

Mar 12, 2021
Arthur0x on Defi Conviction
01:32:35

This episode is presented by Blockfolio. Make your first trade on Blockfolio today at https://uponly.tv/blockfolio

Mar 11, 2021
Neeraj K. Agrawal on Crypto & Cooking
00:42:06

Follow Neeraj.

Check out Coin Center

This episode is presented by Blockfolio. Make a trade today on Blockfolio.

Mar 05, 2021
Su Zhu from Three Arrows Capital on the Crypto Super Cycle
01:35:45

Our partner for this stream is Blockfolio. Try a trade on Blockfolio today, plus get all the great portfolio tracking features you already love at https://uponly.tv/blockfolio

Feb 24, 2021
Beeple and PplPleasr on NFTs and the intersection of art and crypto
01:42:30

Notes & Links

In this episode of UpOnly, Cobie and Ledger talk to Beeple and PplPleasr about their stories, art, NFTs, Defi, crypto, and everything inbetween.

Our partner for this stream is Blockfolio. Try a trade on Blockfolio today, plus get all the great portfolio tracking features you already love at https://uponly.tv/blockfolio

Feb 19, 2021
Live with Path on being a chart savant
02:18:54

Presented by Blockfolio. Trade on Blockfolio today at: https://ledgerstatus.com/blockfolio​​ 

Follow Cobie: https://twitter.com/cryptocobain​​ 

Follow Ledger: https://twitter.com/ledgerstatus

Feb 18, 2021
Creating NFTs with Shams Meccea, Messi, & Rob Swire
02:04:11

Presented by Blockfolio. Trade on Blockfolio today at: https://ledgerstatus.com/blockfolio​ 

Shams' website: https://smeccea.com/INFO​ 

APE ONLY NFT: https://superrare.co/artwork-v2/ape-o...​ 

Rob Swire on Spotify: https://open.spotify.com/artist/2SNg8...​ 

Also joined by Udi and Box Lax. 

Follow Cobie: https://twitter.com/cryptocobain​ 

Follow Ledger: https://twitter.com/ledgerstatus

Feb 18, 2021