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Untitled Crypto Podcast, Episode 1

UpOnly: Chats with Crypto Experts

CHAPTER

Is It a Scam?

The laws are a massive scam. Like all these v cs are just doing shit coin rotations. And as like a retail investo, what you get to buy them all? I robin hood, like buck gray, and then you addd ad,. Did you add inh facts right? Like, how many sfacks has trimoth done, like 11 or something in the last year? Yes. And they all gl done a lot. Do hon dow tose? Do they lose money or toout like i was in liers, do they really? That's one sayn soso. The incentives are not geared for a a beter acquisition is better for the founder shares

00:00
Speaker 2
I'm la, it just makes me think that the credit it invests. The laws are a massive scam. Like all these v cs are just doing shit coin rotations. But with companies like r i will buy that, will take it public, will dumpit, will do five more. And as like a retail investo, what you get to buy them all? I robin hood, like buck gray,
Speaker 3
and then you addd ad, like a scam. Did
Speaker 1
you add inh facts right? Like, how many sfacks has trimoth done, like 11 or something in the last year?
Speaker 2
Yes. And
Speaker 1
they all gl done a lot. Do hon dow tose? Do they lose money or toout like i was in liers, do they really? I mean,
Speaker 3
like nat
Speaker 1
alra, but he gos t les than he doesn't lose any money. That's one sayn soso. Basically they a they get a cut right of a certain percentage of the equity in the vehicle for free. And what they do is they go out there, they they start a company, they raise a bunch of money for this holding company, they get a % of whatever they buy for free, just for operating the whole thing. And so that's how they make basic, risk free money. And then they just don't put it on retail. And it can be really good if they make a good accusation. It can be really good. So it's not all as cam. But this, the incentives are not stant geard to make, like,
Speaker 2
the incentives are not geared for a a beter acquisition is better for the founder shares performance, necessarily. How can we bring spacks to crypto? I feel like that that's,
Speaker 1
like, i mean, they are, i mean, oh, literally, own forks are spacks. In my opinion, that that is what an om fork is, is raising capital to do something stupid thyou don't know wht thy're going to do yet, but a lot of people are giving them alot of money to do so it is a spack. Three, three, three. If we all hold
Speaker 3
three, three, the
Speaker 1
es hold ing thet, so i it its. It's a spack plus a ponse its. It's genuinely the most incredible thing i've ever seen. I'm superblish on them. Their both. Iim super polish on mostly on forks. Over like, the next six months, i think that, like, i think that if retal mania comes back the they'r all going to like tenex, the got go away. But do you think they nto gras thi elling warrnt. No. Because think about it all they all they have to do, because they have like this crazy community, is say they're going to do something insane with the capital they've raised. And they're, yes, going to go straight up. It's going to be like cardono,
Speaker 3
right? But this
Speaker 1
is a lot of remaming, right? Like hipe sells. So just if you y want your coin to go up only, just never actually do anything. Just talk about it. So, yethang, you need retail. So we just need retail. That that's a thing. There's no retail in the market right now, which is why ome forks are down 90, 90, fivea but when they come back. I have a crypto related point o this sight. Do youremember, in the last cycle, a real bisinace, the u tob account that made all these am amazing virios? Biz, i really miss the bisinachi virios. I feel like this was such a great opportunity. Like, i think the content bis would have made emji very sad. We neede. I miss biz. Did. Oh, my god, you got it. You got to watch funds or
Speaker 3
ote lot wstai.
Speaker 1
It's it's about, it's about cs its. Its honestys, one of the most incredible videos i've ever watched. You have to watch it. No, it like werit cycles. Where is the cycles biz? There's one he did where, likea people go back to working at macdonald's and their checking crypto price ly, crying every day. Its so many as allege. Doou guys think, like, so, i know you said, like, the fundamental analysis in crypto, like a lot of it is like better if a team never delivers a product because of hipe and how that like sells to the community. O, that's like enough to gite people to buy, which is based base line. All you need anny more demand than supply you need,
Speaker 3
right? So, like, do you think that like,
Speaker 1
markets, like, fundament like, traditional markets, are shifting towards that, like, non traditional sense of fundamental like valuations, or as crypto just like separate from that? Because i feel like there's a lot of companies, or like, some companies, like traditional companies, that are really not valued based o how much money they're making, ore, like,
Speaker 3
there they're
Speaker 1
in sales. O, but it's more so like what they could possibly do in the celtry.

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