Transcripts

Transcript 1156: How the Strategy Empire Breaks, and Whether Saylor Can Stop It

Transcript 1153: How Digital Credit Assets like STRC and SATA Differ from Bitcoin or DAT Stocks

Was Michael Saylor wrong to sell Bitcoin? Matt Cole breaks from his fellow critics on Strategy, S&P's junk rating on MSTR, and whether the model is breaking.

Transcript 1152: Why Kalshi’s John Wang Says Perps Are ‘the Most Pure Trading Instrument’

Kalshi just brought crypto perps to the US, targeting a $90 trillion offshore market. Its Head of Crypto, John Wang, explains the bet, the risks, and who Kalshi is actually competing with.

Transcript 1148: Unchained Celebrates 10 Years! Laura and Haseeb Cover Highs, Lows and New Directions

For the tenth anniversary of Unchained, Laura reflects on the SBF question she never asked, the Charles Hoskinson beef, and why she may be done with strict neutrality.

Transcript 1145: Why the AI Business Model Is Cracking and How Crypto Could Help Fix It

OpenAI, Anthropic, SpaceX and the AI IPO cycle face a structural problem: a cheap, capable open source exit is already drawing enterprise users away before either company goes public.

Transcript 1141: Why Saylor’s ‘Inoculate’ Comment May Be a Signal He’ll Sell More Bitcoin

About 80% of STRC holders are retail investors. Glenn Cameron walks through the prospectus, how Saylor's public claims differ from the reality, and why Strategy has no good options.

Transcript 1137: Why MSTR Should Have Sold $2 Billion Instead of $2 Million of Bitcoin

Jeff Dorman on why Strategy's four stakeholder classes are all losing, and why Saylor should have sold $2B of Bitcoin at once instead of $2.5M.

Transcript 1138: Why Mike Dudas Has Zero Exposure to ETH, but Is Bullish on Hyperliquid

Mike Dudas holds zero ETH and sees Hyperliquid as crypto’s Tether moment. He also has a clear framework for what makes a token worth buying.

Transcript 1133: Is ‘All of DeFi Unsafe’? What You Need to Know About Holding Assets Onchain

A co-founder of OpenZeppelin said he’s urging friends to exit blue chip DeFi. Isaac Patka and Mike Silagadze explain what he got right, what he got wrong, and what needs to change.

Transcript 1130: Is the Ethereum Foundation Too Out of Touch to Save ETH?

Vitalik finally said ETH the asset matters. Zak Cole’s reaction: ‘Should have said that five years ago.’ What broken cryptoeconomics mean for Ethereum’s future.

Transcript 1127: Why Pre-IPO Perps Like SpaceX on Hyperliquid Are Seeing an Upswing

Pre-IPO trading is hot ahead of three big IPOs. Perp volume on Hyperliquid went from $3M to $44M in three months, and SpaceX perps is just the beginning, says Dio Casares of Patagon.

Transcript 1121: Can Hyperliquid Come Onshore Without Killing What Makes It Special?

CME and ICE want regulators to rein in Hyperliquid, which delivers 24/7 derivatives markets that incumbents can't match. Can it be brought onshore?