UpOnly with Cobie & Ledger

By Brian Krogsgard, Jordan Fish

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Description

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

Episode Date
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