YouSaid · the spoken record

Cory Klippsten

lines on the record: 67
first: 2022-11-23
most recent: 2022-11-23
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Yeah, of course. Long overdue. Glad we're doing it. Won't be the last time Thank you, by the way, for always coming and supporting sponsor live and hard money in the shows that you've done with us. So appreciate you. I think a lot of people are looking at Bitcoin now and realizing this is something that they'd like to do professionally. So I think Bitcoin or jobs by far the biggest jobs website in the space is a great one to post in the notes. Obviously Swan posts all our jobs there and so do I think 50 or 60 other Bitcoin companies and increasingly companies that are looking for Bitcoiners Are getting added to it. So, companies that are run by Bitcoiners and they're looking for Bitcoiners. I think it's just a really interesting niche in the job space because there's so much that's already said when a Bitcoiner meets a Bitcoiner.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“He's on Twitter now. He joined Twitter. He has 100 followers. I retweeted him today. I put an amazing picture of him trying to do a crossover on the professor. He's going to be out there. Anyway, we're going to, we've orange-pilled Taupe, the guy who owns and runs the Compton magic. So he's the coach and CEO. And he is totally into Bitcoin. We're sponsoring their entire coaching staff through the Bitcoin benefit plan. So we actually were sending the Bitcoin directly to his entire coaching staff every month the same way that swans do and the IKEA stores and all these other people that participate in the Bitcoin benefit plans. So we're sponsoring them that way. And he's just trying to orange pill his kids who will basically, most of them will become at least college famous and he's got five lotto picks in the last three years. So these kids a lot of times become big stars in the NBA as well.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“She's an amazing talent. We're straight up going to assign him for something for real. Like he turns 18 in January and can name image likeness. You can start getting paid. I already extended an offer to him and his mom to have him be one of the MCs for next year.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Unbelievable too. Amazing. He's an incredible player. And he took the mic and was basically like a guest MC for probably 30 minutes doing a bunch of stuff right next to Dante and Youssef, while the Compton Magic was out there doing their dunk contest and their knockout tournament and stuff.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Everybody thinks everybody else will think is cool, basically. And I think that's what we need to associate Bitcoin with. Firemen are a great example.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Right, and baseball doesn't make the cut, but basketball does, and country doesn't make the cut, but hip hop does, things like that. And surfing, obviously. So we had a lot of surf, we had basketball, we had the professor. We're trying to just identify, we're always brainstorming on like, what are the things that everybody thinks is cool?”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Oh my God, he's one of those people that could really change it because his reach is just so, so big. And he's like, I've been talking a lot for the last few months about the shelling points of cool But the shelling point, a shelling point of cool is something that everyone thinks everybody else thinks is cool. So like NASCAR doesn't make the cut, but Formula One does.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Be so awesome. Yeah, yeah. So he's here. I really like, it didn't really make any sense, I guess, unless from like a branding perspective. But there's not like an ROI. He was one of only two people that we paid to come speak at the conference. We paid Alex Epstein's speaker fee, which was totally reasonable. And then, you know, the professor was probably like way over budget for what we should be spending to have somebody come. But I just felt it was the right thing to do. It was. Like you said, it brought so much energy to it. And yeah, it was so fun. And again, it's a down payment on if we can get this dude to read a few books and listen to some podcasts and become a Bitcoiner.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“A super nice guy, very sort of high integrity, very moral, very smart. I'm investing a lot of time in him because I'm trying to orange peel the hell out of him because he just has such global reach. Basketball is cool. The professor is cool. He's one of those people that I think should be on the mission.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, this was like streetball legends, and they built a clothing brand around it and a shoe brand around it. I think Steph Marbury was a spokesperson for them back in the day. Anyway, so you got famous from that. And then one ended up in other hands and they mismanaged it and basically shut it down. And he had to relaunch himself, you know, probably eight, nine years ago as YouTube and social media personality. But he loved doing basketball. He absolutely personally loves editing video and loves social media. So he's really good at it and he has a great team mostly made up of like his homies and like his brother and his cousin and stuff like that. And they just go around and shoot basketball related content. But he's gotten super famous. He's got a bunch of videos with, you know, anywhere from like five to fifty million views.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so the professor Grace and Boucher is his name. He got famous in the late 90s, early 2000s on the AND one mixtape tour.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I went through the same thing. Thank goodness my wife was able to come for a couple of hours on Friday afternoon and kind of see it. And then she.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Still recovering. You're the first adult that I've talked to in a normal conversation today. I've been dealing with my kids all morning because one's sick and the other one's school got closed for the day. So it's nice to talk to you.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“All over the place that you could just sit on. And then the networking, like if you wanted to hang out at the bar, you're still able to watch the speeches, which I think is huge. So yeah, I just, it was great.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, yeah, we're already gearing up for the next one. We've already sold a few hundred tickets for next year. Dude, I believe. Yeah, so we've got it up. Sorry to show, but yeah, Pacific Bitcoin 2023.com has the tickets, both super discount. I think it's $249 for GA and like $14.99 for VIP. Man, that VIP section, I kind of wish that I could have just attended because that was just like the coolest way to watch a conference.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I mean, but it was unreal. We were going to celebrate, you know? And so it's just a hundred little decisions that you just dial on. And you do this instead of that, you do this instead of that. When you have to cut something, you cut this, but don't cut that. And I think we got to something that was really cool. And then, I mean, Swan is signaling Bitcoin for a certain type of person. And then you throw in probably like, you know, if there were 1,200 people there, 200 of them were probably people that got converted to us because we saved their finances earlier this year. So they were just like, it was like a pilgrimage. There were people from all over the world coming just to try to meet us because we”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“But yeah, up and down the company. I mean, Brady Swenson's been organizing parties since he was in college. Brandon Quiddam is a leader of men, been organizing parties for 20-some years. I mean, everybody at the company, I mean, Kristen Thompson, who put on this event, I mean, she's from Hidden Hills, which is like, that's like, okay, cool, you're in Calabasas, but like, are you in Hidden Hills? She grew up there riding horses and stuff, and she used to bartend on the Sunset Strip. These people know cool. I used to throw a Halloween party with some friends in Chicago every year that was just like completely free VIP only, invite only. And it was bigger than the Pacific Bitcoin conference. Like, I met my wife at a party with 1,400 people at it in a two-story loft in Chicago with named DJs and premium liquor and cops working security and the whole deal. Like, this is not new for us, but we like it. It's fun. You could tell. I think it's.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“You're at the airport, there's private jets, there's basketball, the Compton Magic is there, there's NBA players walking around, like the music is amazing. You know, it's all the little things, you know, it's just, we have a lot of people that have thrown parties and put on events over the years. And I kind of knew that. Those people kind of gravitate toward us, I think, just because of the beacon signal that we give out. You know, even Jan Pritzker, our CTO, you know, author of my favorite book on Bitcoin, Reverb, the company he co-founded, was very social and very content driven and very event driven. And it was all about musicians. Talk about a cool company. That was a cool company, you know, and they sold for 300 mil or whatever a few years ago. But it was all about, it's a marketplace for used music equipment.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Absolutely. Yeah, I mean, I think we had one motto or one mantra for all of 2022 for the company, and it was Bitcoin, not crypto. And basically that one theme that you'll see us drive for all of 2023, and I think this kind of kicked it off at the conference is Bitcoin is cool. And it literally is. It's literally the coolest thing on the planet.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, I think it's going to be a thousand times bigger than everything else combined in the long run. And then as I just kept on going and going, I just became more and more passionate about Bitcoin and tried to like jam a Bitcoin ecosystem fund into the crypto fund that I was working on at the time. And that just didn't work. And as always, I go to Turkey for four to six weeks in the summer. And when I got back from that in August of 18, I was like, yeah, I'm just going to work on Bitcoin full time.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And then there was a big scarygram that came across from Jay Clayton, I think, was in March of 18 when he said, yeah, they're all securities. And I was like Bro, I got a family. So then I started going really deep. And I mean, it was definitely like by the end of March, beginning April of 2018, then I was like, well, even from an economic standpoint, it's clear that Bitcoin matters more than everything else by a factor of like a thousand”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And I found that very attractive. So I went over and got to home a little bit and you explained to me, you know, the basics of why none of this crypto blockchain stuff meant anything. And Bitcoin is the only thing that matters. And started watching him in town. And that led to Andreas and then it led to obviously Stefan and Marty and then Safe's book came out in like March of 18, I think was great”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I was like, man, the emperor has no clothes. And at the end of the day, when you dig in and you get through all the jargon and all the dressed up Silicon Valley and Drayton Horowitz blogs and the futures, crypto and tokenize the world and all this stuff, there just wasn't anything there. And then so as my view of what crypto was was like going down in my estimation, I was starting to get punching through the incredible amount of noise because remember in 2017, like there was very little Bitcoin only education out there. It's not like today. But little by little I started to find the signal. I think I'm pretty famous for saying it started with Jimmy Song at a crypto conference in Santa Monica. I think the beginning of November or end of October in 2017 and kind of a famous story at this point, but I saw this dude on the lawn outside the conference talking to a few people and he had a cowboy hat on and he was just looking around like with daggers like he absolutely hated everyone around him.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Well, I mean, I was seeing all the pitches and I was coming from somebody who'd been raising money since 2004 and obviously had to sit through a lot of other people's pitches along the way. And then I'd been investing since 2012 when I was still at Google in startups. And so I'd seen a lot of startup pitches that way. And each time I thought there might be something there as I dug in deeper, I realized there was no there that went for the first thing I did was like one of the first NFT projects and I was like consulting to them after they did their ICO. And you know they were good guys and they were good technologists and they had all this money and all these smart people around. But I just like when it came down to it, it was like the business version of my old boss in my B school internship at Vitamin Water. Darius wouldn't drink vitamin Water because it had too much sugar in it. So he just drank diet coke. Like the whole executive team just drinks diet coke at vitamin water.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And so I did that for a long time. I helped raise over quarter billion dollars for seed and A stage startups through about 2019. And I started Swan in 2019.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Involved with over 65 companies as an investor and advisor, probably pretty intimately with about 30 of those. My sweet spot for about four years straight was being the external advisor directly to a Silicon Valley Venture-backed CEO working on strategy and fundraising.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So that made me want to get into early stage startups. I went to Google very much deliberately, first good career decision I ever made, treated it like internet business school. So I went there in 2011, very much trying to break into the Silicon Valley ecosystem, networked like crazy from having a Google address. Everybody would take a coffee or take a call. Met like a thousand founders in VCs in a couple of years out of Chicago and then moving out to LA after getting married. And then, yeah, by summer of 13, I felt comfortable getting into startups full-time. So that's what I've been doing. I'm coming up on almost 10 years now in startups full-time.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And it came in very handy for the Pacific Bitcoin Conference. And then, yeah, three more years of management consulting. And then I think it was really the global financial crisis of 0809 that really made me think, wow, not only having lived through the dot-com boom and bust at the start of my career, and I think that's what made me want to get on solid ground and go to B school and go consulting and all this stuff. Now I'm looking at that and I'm like, oh my God, like I can't be whipped around. I can't have my career in my life whipped around by these external factors. Like I want to have more control. I want to be working in something that's like just the where I benefit from the efforts of my labor and my thought and my networking.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Then I went to B school, University of Chicago. Back then, it was the other GSB. Now it's booth, but I was there from Otuta 04. And then I went to Mackenzie& Company, did management consulting for a couple years out of New York. Private equity was kind of blowing up. I was single for the first time in my adult life and decided to go back to Chicago where I had had a lot of fun in business school. Started a private equity consulting firm there and opened up a $5 million 12,000 square foot restaurant nightclub on the river. So that was fun for a couple of years.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So I was just doing like normal startup stuff and cutting angel checks and advising startups. And it was like the number two guy in an ad tech company from like 2013 to 2015 after leaving Google. But yeah, I mean, way back in the day going back. So I did the broadcast undergrad. I reported while I was still in school, I was on the local NBC station, decided not to do that and interned at Microsoft and went to work for Microsoft instead. So that got me out to New York. At Microsoft, then it was at Morgan Stanley doing private client marketing, basically, so putting together all the newsletters and presentations and videos for all of their wealthy clients, including the high end of the Dean Wetter clients that had just come over.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, yeah, it's the only one that's actually a commodity. And obviously the Ethereum people are trying to line as many pockets in DC as possible and cut as many deals with the bankers as possible because the natural axis of shitcoinery is banks, government, and shitcoins. So they're trying to get together and do what they can to save this thing. But at the end of the day, it just went proof of stake. This thing is gathering interest. This thing is centrally controlled. It's getting more centralized every day. A small group of people decides its fate, hard forks it constantly, changes its monetary policy all the time. Like this thing is obviously a company that's controlled by a small number of people for the benefit of the price of the token that people invest in. Know that ain't a commodity, obviously.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“There is no fair notice granted. They said, no, we didn't have to tell you before. It's up to you to follow the rules on the books. Nothing changed here. This was a security. You sold it with expectation of creating profit. It passes the Howey test. And obviously anything south of Ethereum on the leaderboard is the same.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I mean, it's interesting. So it's not the highest level court. It's New Hampshire, but there are plenty of examples in the past where well-reasoned rulings from courts of that level, which is the same level as I believe the Southern District of New York, which is probably the one that matters and would set precedent for everybody else. If they take up their next case and agree with the ruling on library up in New Hampshire, then I think basically the game is over for these fake decentralized projects in the United States. And the really interesting thing about libraries, you can literally subethereum in for library in all of the findings, and it's the same.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And fraud on elders and stuff, and then be pro crypto being unregulated. You can't have your cake and eat it too. So you can't be Coinbase and benefit from all of the credibility that comes with being listed on a major US stock exchange and all of the credibility that grants you around the world. Don't look there. Those aren't securities. Bology hired some shitty lawyers and they have a framework and they said that they're not securities. But of course they are.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“In Bitcoin before all this stuff washes out so they can try to pump their aptos bags. You could see something like that happening again. Again, all of this is illegal according to the rules on the books. And all of these things are securities. And if they were regulated as such, as what they are, none of this is legal. None of these exchanges are legal, including Coinbase, obviously Binance, FTX, UX is not legal. Like none of this stuff is legal according to the rules on the books. And the reason those rules are there. You know, you can certainly have a principled stand and you can say like the SEC shouldn't exist, bro, you know, or there should be no regulations. And that's fine. If you're out there, you're in DC and you've been banging the table saying like Stratton Oakmont should be able to market penny stocks to your grandma at the nursing home and let the market decide. That's totally fine if that's your hardcore libertarian stance. But you can't have it both ways. You can't not want Ponzi schemes and OTC stock manipulation.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Think what was special about Solana is so many of the big players were willing to go along with it and essentially pump the bags at the same time. So FTX and Sam were completely behind it and Draceen got completely behind it. Multicoling was completely behind it. CAA and the entire Hollywood apparatus, all the crypto inflected agents and managers were all behind it. And so I think they, like the one that's on the come now that has the same group of people aligning around a new pump is Aptos, APTOS has basically the same group of cockroaches that scurried away after dumping Solana and they've kind of like realigned this giant crypto cockroach like you know Voltron style and they're getting behind aptos to try to pump that. So we'll see if they succeed. But yeah, you can see them whatever trading desk is still around that kind of leads the charge and sets their black box algorithms behind trying to fake a bull market.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Because they saw correctly that it would cost them less money to market make and keep on creating the illusion of a second bull market in the second half of 2021 because they knew that there would not be a bull market for Solana. They hadn't pumped Solana enough. It was positive ROI for them to spend a few bill to pump Bitcoin because they can make way more billions by dumping their Solana if they could get Bitcoin to pump and kind of drag the whole market up. Solana would be high beta to that and they'd make $20 billion on that while spending $2 billion to pump Bitcoin.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I mean, it's funny too, though, right? Because we suffer in the short term right alongside them as Bitcoiners. It looks pretty dang clear that Alameda research was running an algorithm on multiple exchanges to essentially create the echo bubble or the echo bull market in Bitcoin in 2021.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So it's just completely fake. It's not decentralized at all, right? Yeah, I mean, at minimum 40 billion. Of real money invested, and then”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“You know, I mean, as far as market cap, obviously, these are propping up market caps that are complete garbage, but obviously that's not real money. If you have some, I mean, literally a complete fake project like link, which is probably still in the top 20 that claims to have solved the Oracle problem when anyone that knows computer science knows that the Oracle problem hasn't been solved, it's like, well, that's actually a complete lie with a multi-billion dollar market cap. Plus, you know, Solana is still hanging out there, obviously a value of zero. It's completely centralized. Jump capital controls their oracles when the oracle was going to make them lose a lot of money. They just shut down their oracles. That just happened last week.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I mean, my pet number is I tally up the amount invested in the scam crypto ecosystem over the last 30 months is about $40 billion of money that came into Paradigm and Andrayson Horowitz and all these funds.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And FTX from June through twelve days ago, we're recording here on the 14th, and it wasn't until 12 days ago that Coindesk got in touch because of my constant poking and passed me the balance sheet and we, you know, broke the story. I was certain that Luna was a Ponzi. That was obvious after looking at it for about 14 or 45 minutes back late March. Once I saw that they had this 20% interest on anchor and that that was essentially propping up the ecosystem and that they were backfilling it. It was like, oh my God, that is clearly going to collapse. So I had no problem whatsoever just telling everyone that was going to collapse.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I think, I don't know, maybe it's my background having been a journalist before I ever got into business, but that's how I grew up. I wanted to be a journalist from the time I was eight. I found a... Found what do you want to be when you grow up from 1986 that said, I wanted to be a journalist, and I did practice for a while. I was in local NBC TV reporter, and I think we bring the code of journalism. I went to University of Missouri, the first journalism school in the world. And I think we bring the code of journalism to our work at SWAN. And we try to be objective and we try to caveat things that we always caveat things that we aren't certain of. So you'll notice I'm extremely careful in what I say and what I tweet. Only if I'm certain of something do I say it. Otherwise, I just poke and I ask questions and I poked and ask questions about Sam”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Well, I mean, the hard thing is there's even people that are, you know, known as Bitcoin influencers, like I think Anthony Pompeiano is probably the biggest example. I mean, he was actively promoting Doe Kuan. Didn't really go after them. Like it's kind of a neutral actor in the space. But then FTX, I mean, Pomp had like so much showing of FTX and so much sort of mythologizing and participating in that. He's not the only one. Obviously a ton of people have pumped up FTX as being some sort of like Wonderkin genius. But the guy clearly wasn't. I think there's just this thing with people like SBF and Vitalik where people look at someone that acts that way and just kind of like slovenly and awkward and talks like in computer code or something they assume that that's a genius.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“It's probably over a thousand now. Really? Felt letters of saving marriages, saving families, saving finances, saving their mothers, their brothers, their cousins, their co-workers across all of these, it's just mountains and mountains, hundreds of millions of dollars.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And then it was Celsius, and you could see right away, as Mashensky started taking to the airwaves after they dumbly tweeted that they had pulled over $500 million of customer funds out of anchor, which was part of the Lunaponzi scheme was the key component of Luna Ponzi scheme. Obviously, I jumped all over that. And I was like, why were there customer funds in an obvious Ponzi scheme? You guys are clearly not good stewards of risk, and you're probably in on it. And then, you know, he put out a video. Mashinsky put out a video saying that Bitcoin maximalists are responsible for 30% of Bitcoin being lost because they encourage self-custody as he was trying to recruit deposits. It's like, dude, this guy is trying to pay out old investors with new investors' money. It's very clear. This is a Ponzi. And so I just started yelling about Celsius. It collapsed June 12th, like a month later.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Listen, you've probably had plenty of people on to talk about Ethereum, and I'm not really like, that's not next on my target list. Again, I'm not CoinPI. The ones that catch my attention are the ones that are really close to Bitcoin. And then have false narratives around Bitcoin. Nick Zabo, I'm paraphrasing here at some point said that you basically it's more or less like save your bullets for influential ignorance. And I take it a step further. I save my bullets for influential ignorance that directly affects my day, essentially what I work on. You know, if I saw Luna, an obvious coin talking a bunch of mess about Bitcoin and how we had common cause, like my gut says, now let me figure out why and let me expose it, which I did starting back in March. And then obviously that resulted their fraud collapsed by May 9th or whatever.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I think that you're going to see a great industry of venture capital based in Silicon Valley now reject the scammers and kick them out. So you have firms like Kleiner Perkins, Caulfield Buyers that's been around a long, long time and they were the top firm in the valley for many, many years, the biggest investor in Google, things like that. They've never done crypto. So it's in their interest now to separate themselves from the Sequoias and the Andresen Horowitz and all of these people that have jumped on the money train and basically just taken advantage of this one-time opportunity to get super, super rich by scamming the people. And I think you'll see nature healing and silicon valley, but it's going to take a while. And it won't be completely done until the longest con of all, Ethereum actually collapses and is exposed.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I think the way that Bitcoiners have been driving home the message of Bitcoin, not crypto for the entire year of 2022, that was literally the mantra of Swan, for instance. And I've done this in every media appearance. I've stopped interviews live on TV when somebody says crypto. And I don't care if I use 45 of the 60 seconds for my spot to explain the difference. Like that's the message I'm getting across.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I used to read Fred Wilson's newsletter every single issue as soon as it hit. This is the guy that runs Union Square Ventures, which has been a big crypto scammer. I used to read his newsletter every morning. And he's a good guy, I actually think Fred probably just doesn't get it and just doesn't understand what's going on. Maybe. Drayson Horowitz has no excuse. Like they're very clearly deliberately got 140 of their employees registered as representatives so that they could sell securities in case anybody came hunting for them. They did that back in 2018. So they knew exactly what they were doing this entire time.”
2022-11-23 · We Study Billionaires · BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT