[00:00:00] Cold Start, Substack Lag & Stream Chaos
We opened the show with some classic live-streaming issues—Substack being slow, Twitter being fast, and the eternal question: “Are we even live right now?”
Shoutouts rolled in for
, and we reminded everyone to drop questions on Spotify or Substack.
[00:04:25] Wallet Hacks, Blockchain Tracing & ChainFlip Mixers
Kyle shared his story of getting hacked and trying to trace funds using tools like Breadcrumbs and Etherscan. His investigation revealed that even after 5–7 hops through wallets and mixers like ChainFlip, you can often trace stolen funds back to exchanges.
“On-chain is stupidly transparent. Doesn’t matter if it’s one or a hundred wallets—you can trace it.”
We explained phantom transactions, fake tokens, and how wallet sleuthing tools like Breadcrumbs let you create a visual map of funds across the blockchain.
[00:13:03] Michael Saylor: Hero or Bitcoin Psychopath?
We dove deep into the Michael Saylor discourse.
Kyle argued that Saylor is a centralizing force in a decentralized system—Bitcoin shouldn’t need a king.
I countered: sure, he’s nuts. But without his relentless Bitcoin buys and corporate evangelism, we wouldn’t have ETFs, institutional adoption, or political influence.
“He’s a psychopath—but at least he’s channeling it into Bitcoin.”
We both agreed: Bitcoin doesn’t need Saylor, and his downfall wouldn’t mean Bitcoin’s.
[00:25:01] Coinbase vs Robinhood vs Banks: Who’s Worse?
We debated centralized platforms:
Coinbase: TradFi pretending to be crypto—but at least you can withdraw to a wallet.
Robinhood: Worse than banks. Delists tokens, blocks withdrawals, and still makes you redo KYC.
Banks: The devil we know.
I ranked Coinbase as “less bad” because you can still exit the system. Kyle shared his hack story with Coinbase and their complete lack of support. We landed on: don’t trust any of them blindly.
“Robinhood is cosplaying crypto. Coinbase is cosplaying TradFi.”
[00:34:09] Robinhood Picks Arbitrum Over Solana
Big move: Robinhood tokenized OpenAI and SpaceX exposure using Arbitrum, not Solana.
Kyle broke down why:
Post-Dencun Ethereum upgrades made Layer 2s scalable.
Solana’s downtime and meme-coin chaos make it unreliable.
Ethereum is still the institutional darling.
“Solana’s branding problem is real. Institutions don’t want meme chains that break under pressure.”
OpenAI reportedly isn't thrilled. But as I pointed out—they scraped the entire internet. Karma.
[00:42:01] Ethereum vs Solana: Infrastructure vs Culture
We debated long-term chain viability.
Solana: Fast, cheap, fun. But bad explorers (SolScan = 👎) and flaky infrastructure.
Ethereum: Slower, but serious. Robust explorers, uptime, and institutional trust.
Kyle: Solana has great UX and an active dev team—but needs to overcome its “meme casino” rep.
Me: I’m bullish on Solana’s price, but bearish on long-term seriousness.
“Ethereum took the slow path—and that may be the better path.”
[00:45:08] BNB Chain & Trust Wallet Still Slap
We briefly revisited Binance Smart Chain. No one talks about it much anymore—but it still works.
I argued:
Trust Wallet might still be the best mobile DEX.
PancakeSwap and BNB products still have strong UX.
Sometimes old reliable chains are just… reliable.
[00:50:55] Solana Mobile Saga Phone = Fail
Kyle owns the Saga phone. Review: it sucks.
“You can’t even scan QR codes without a separate app. That’s insane.”
It was pitched as the first smart contract-enabled mobile platform—but the UX failed. Even the camera app felt broken. The promised airdrops? Mostly underwhelming. The Bonk drop saved the phone from being a total loss, but only barely.
[00:53:48] Listener Q: Can Bitcoin Lose Value? Can Ethereum Pass It?
Antonio asked two solid questions:
Can Bitcoin lose value? Yes, in fiat terms. Ask anyone who HODLed through 80% drawdowns.
Can Ethereum reach Bitcoin market cap? Maybe. It’s already the foundation of DeFi, RWAs, tokenized stocks, and more. If anything overtakes BTC, it’ll be ETH.
Kyle: ETH has more upside. Everything from Robinhood tokenizing stocks to entire DAOs is happening on Ethereum.
[00:56:00] Listener Q: How Should I Secure My Crypto?
Will asked how to keep his new crypto secure.
Kyle: Use cold storage, multi-sig, or tools like Ledger or Trust Wallet.
Me: Depends who you are. If you’re new, consider just keeping it on Coinbase—or even buying the ETF. Don't lose your seed phrase at your cousin’s house.
“If you just want exposure, the ETF might be safer than trusting yourself—or Coinbase - Matt.”
Kyle told his story of how Coinbase let hackers drain his wallet via Chime bank and wouldn’t help him. It’s a cautionary tale for anyone keeping funds on exchanges.
[01:08:00] Wrapping Up & Thank You
We reminded everyone that Kyle and I have different styles. He’s deep in DeFi and new projects. I’m more philosophical, political, and macro-focused.
And that’s the point.
We’re not trying to be CNBC. We’re building something we love, and growing fast with the help of your support.
Substack is now at 2,200+ subs. The podcast is booming. Keep leaving comments and questions—we’ll keep showing up.
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