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In response to the US-Israeli war, Iran shut down the Strait of Hormuz, the most important oil chokepoint on Earth, causing energy prices to skyrocket. However, Tehran is allowing Chinese tankers through, and says other ships can pass if they agree to sell oil in China's currency, the renminbi (aka yuan). Iran is also targeting offices of major American corporations, and wants to force them out of the Middle East (West Asia), while trying to expel US military bases. Ben Norton explains how this war affects the petrodollar system, and the dominance of the dollar as the global reserve currency. VIDEO: https://www.youtube.com/watch?v=X2zBWcGahuc Topics 0:00 Iran war causes energy crisis 0:29 Oil price skyrockets 0:56 Fears of economic crisis 2:07 Strait of Hormuz 3:21 Iran permits Chinese oil tankers 4:17 Iran says: sell oil in RMB, not USD 4:43 Dollar dominance & petrodollar 6:28 Asymmetric warfare 6:59 US military bases in Middle East 7:47 Iran strikes CIA stations 8:46 Iran hits US refueling planes 9:10 US empire underestimated Iran 10:32 Iran targets US corporations 12:03 Economic warfare 13:07 (CLIP) Scott Bessent on sanctions 14:05 New leader Mojtaba Khamenei 15:21 Iran strategy spelled out 17:08 Tehran wants revenge 18:51 Yemen, Red Sea, Bab al-Mandab 22:16 US war on Yemen in 2025 23:23 Anti-colonial wars 24:16 Trump sends more US troops 25:21 Iran's Kharg Island 26:21 Global energy crisis 27:24 Trump wants military coalition 29:02 Iran allows Chinese ships 29:59 US dollar dominance 30:37 US current account deficit 31:20 Exorbitant privilege of dollar 32:19 Dedollarization 32:52 West seized Russia's reserves 33:49 Central banks buy gold 34:16 US Treasury securities 34:47 Oil sales in dollars 36:26 Trump threatened BRICS 37:16 Iran promotes dedollarization 37:42 China & Russia de-dollarize 38:33 India 39:34 UAE 40:18 Saudi Arabia 41:04 Iran & Indonesia join BRICS 42:14 Iran proposes BRICS currency 42:31 Divisions within BRICS 43:12 Struggle against imperialism 45:12 Outro
Chuck Todd surveys a political landscape where multiple crises are converging on the Trump administration simultaneously — and none of them are going well. The Iran war, which Chuck reiterates is a war of choice, appears to be devouring Trump's presidency: the administration burned through nearly $6 billion in munitions in just two days, is sending contradictory messages of reassurance and escalation that appear designed to manipulate markets, and seems to be operating entirely by the seat of its pants. He warns that asymmetric warfare has never gone well for the United States, that energy markets are in turmoil as Iran deliberately tries to inflict economic pain, that the threat of stagflation and energy shortages is very real, and that Trump's threat to use the Fed to shape oil markets has alarmed economists. He argues that if Trump could undo the war he would — but this won't be Venezuela 2.0, because there's no opposition on the ground to coordinate with, you can't change a regime without boots on the ground that Trump won't commit, and if the regime simply survives, that counts as victory for Iran. Meanwhile, Trump naively buys Putin's claim that Russia isn't helping Iran with targeting, and that new polling shows a majority of Americans oppose the war — with MAGA influencers notably against it even as older rank-and-file supporters stick with Trump. Beyond Iran, Chuck hits the Ticketmaster settlement as proof that Trump talks a big populist game but the lobbyists always win, warns that a partial DHS shutdown risks snarling air travel and punishing the flying public while ICE has already been funded, and cautions Democrats not to overplay their hand on the shutdown. Then, John Adams, editor of the Montana Free Press, joins the Chuck Toddcast to make the case that local journalism has been in crisis — and that saving it might be one of the most important things Americans can do for their democracy. Adams is on the show to promote Local News Day on April 9th, a nationwide effort involving 700 local newsrooms aimed not at fundraising but at spreading awareness. He traces the origin story of the Montana Free Press back to his appearance in the documentary "Dark Money", a story about outside money quietly trying to buy Montana politics at the local level with zero disclosure — and the journalists best positioned to expose it were losing their jobs. Adams argues the economics of local news changed drastically as advertising revenue collapsed and audiences became hypnotized by social media and smartphones, but that the need and appetite for local reporting never went away. The conversation turns to the deeper consequences of local news deserts: the loss of trusted community voices created a vacuum that bred distrust in the national press, because people no longer had local "character references" — journalists they knew and saw at the grocery store — to anchor their understanding of how media works. Adams warns that the rise of AI-generated misinformation makes reliable local sources more important than ever, noting that while younger people tend to be savvier at spotting junk online, older generations are particularly vulnerable. They close by noting that strong local news doesn't just serve democracy — it helps local businesses target customers, creating an economic ecosystem that benefits everyone — and that journalism ultimately has to reach enough people to really matter, which is exactly what Local News Day at localnewsday.org is designed to help make possible. Finally, on the day of the Mississippi primaries, Chuck gives his ToddCast Top 5 All-Time statewide races in Mississippi and answers listeners’ questions in the “Ask Chuck” segment. Go to https://zbiotics.com/CHUCKTODDCAST and use CHUCKTODDCAST at checkout for 15% off any first time orders of ZBiotics probiotics.” Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Refresh your wardrobe with Quince. Go to https://Quince.com/chuck for free shipping on your order and 365-day returns. Link in bio or go to https://getsoul.com & enter code TODDCAST for 30% off your first order. American Finance Disclaimer: NMLS 182334, nmlsconsumeraccess.org. APR for rates in the 5s start at 6.196% for well qualified borrowers. Call 866-885-1081, for details about credit costs and terms. Or https://apply.americanfinancing.net/thechucktoddcast Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 00:30 Despite runoff, Dems shouldn’t get hopes up for MTG’s district 01:30 Bennie Thompson survives primary challenge in Mississippi 07:15 War of choice in Iran could devour Trump’s presidency 08:00 Administration messaging appears to be manipulating markets 09:30 We got both a message of reassurance and escalation on Monday 10:30 Administration seems to be operating by the seat of their pants 12:00 Administration has eroded trust in institutions for years 13:00 Eventually markets will stop reacting to government statements 13:30 Administration burned through nearly $6B in munitions in two days 14:30 Asymmetric warfare has never gone well for the United States 15:15 Energy markets are in turmoil, Iran wants to create economic pain 16:00 Threat of stagflation & energy shortages are very real 16:45 Trump threatens to use the fed to shape oil markets, alarming economists 17:30 Partial shutdown of DHS agents risks snarling air travel 18:30 When do Dems declare victory on partial shutdown? Noem was fired 19:45 ICE has already been funded. Shutdown punishes the flying public 20:30 Democrats need to be careful not to overplay their hand in shutdown 21:00 If Trump could undo the war, he would. It won’t be Venezuela 2.0 22:15 We’ve always paid to rebuild countries we’ve bombed 23:00 If the regime survives, that’s victory for Iran 24:15 Can’t change regime without boots on the ground, which Trump won’t do 25:15 There’s no opposition on the ground to coordinate with 26:00 Trump buys story from Putin that Russia isn’t assisting Iran w/targeting 26:45 U.S. using up munitions headed to Ukraine is best case for Russia 28:00 DOJ agrees to incredibly friendly settlement with Ticketmaster 28:45 Live Nation lobbyists went straight to Trump, then deal is cut 29:15 Trump talks a big game on populism, but the lobbyists always win 30:45 Young independents hate corporate power & Trump sides with corporations 31:30 New polling shows majority of Americans are against war with Iran 32:15 Older voters continue to be strongest supporters of Trump & war 33:00 MAGA influencers are against war, but rank & file support Trump 42:30 John Adams (Montana Free Press) joins the Chuck ToddCast 43:15 The importance of local news & purpose of Local News Day, April 9th 45:45 Why create Local News Day? 46:45 The crisis with local news isn’t new, been happening for years 48:00 It’s easier to get international news than news from your community 49:00 The need and appetite for local news has never gone away 50:15 Local news has become en vogue like a local craft beer 52:15 People embrace their local identity 54:45 Origin story of the Montana Free Press 55:15 “Dark Money” documentary about fight against Montana copper barons 57:30 Big outside money was trying to buy Montana politics at the local level 59:45 None of the outside money was disclosed 1:00:30 John lost his reporting job during the 2015 legislative session 1:02:30 Three of the most experienced local journalists were jobless 1:03:00 MFP founded on principle that local journalism is essential as a nonprofit 1:04:45 Economics of local news changed drastically, made newspapers expensive 1:06:30 Audiences are highly distracted by social media & smartphones 1:08:00 We need good new sources of information to combat misinfo from AI 1:09:15 Younger people are savvier online, older generations struggle with AI 1:11:00 It’s easier to trust local news sources because they’re in your community 1:11:45 Journalists have to almost “sell” their info for people to see it 1:14:00 It’s important to report on what your audience cares about 1:15:30 AP reporter in Montana was attacked and then the reporter was doxxed 1:17:45 Loss of local news character references created distrust in national press 1:19:00 Importance of local “service journalism” 1:22:30 Recreating the equivalent of morning drive news radio as a podcast 1:23:15 Using google trends questions to help inform your journalism 1:24:30 Algorithms only give people what they want, not what they need to know 1:25:15 Local news at its best reflects what the community cares about 1:26:15 Localnewsday.org is where people can find ways to help & connect 1:28:00 The better local news does, the better local businesses can target customers 1:29:00 700 local newsrooms are taking part in Local News Day 1:30:00 Goal of Local News Day isn’t to raise money, it’s to spread awareness 1:33:00 Journalism has to reach enough people to really matter 1:35:00 Take action on April 9th to support local news 1:35:30 ToddCast Top 5 All-Time Mississippi statewide campaigns 1:40:00 #1 1959 gubernatorial 1:42:00 #2 1978 senate race 1:43:30 #3 1978 gubernatorial 1:45:00 #4 1999 gubernatorial 1:47:00 #5 2014 senate Republican primary 1:49:30 Honorable mentions 1:52:30 Ask Chuck 1:52:45 Do you have a Top 5 list coming for New Jersey? 1:56:00 How do we keep getting into wars without declaration from congress? 1:59:30 What will it take for the U.S. to rebuild trust on the world stage? 2:03:00 Will abortion become an issue in 2028 or has Dobbs taken it off the table? 2:06:30 Should Democrats break norms to prevent authoritarianism?See omnystudio.com/listener for privacy information.
Chuck Todd surveys a political landscape where multiple crises are converging on the Trump administration simultaneously — and none of them are going well. The Iran war, which Chuck reiterates is a war of choice, appears to be devouring Trump's presidency: the administration burned through nearly $6 billion in munitions in just two days, is sending contradictory messages of reassurance and escalation that appear designed to manipulate markets, and seems to be operating entirely by the seat of its pants. He warns that asymmetric warfare has never gone well for the United States, that energy markets are in turmoil as Iran deliberately tries to inflict economic pain, that the threat of stagflation and energy shortages is very real, and that Trump's threat to use the Fed to shape oil markets has alarmed economists. He argues that if Trump could undo the war he would — but this won't be Venezuela 2.0, because there's no opposition on the ground to coordinate with, you can't change a regime without boots on the ground that Trump won't commit, and if the regime simply survives, that counts as victory for Iran. Meanwhile, Trump naively buys Putin's claim that Russia isn't helping Iran with targeting, and that new polling shows a majority of Americans oppose the war — with MAGA influencers notably against it even as older rank-and-file supporters stick with Trump. Beyond Iran, Chuck hits the Ticketmaster settlement as proof that Trump talks a big populist game but the lobbyists always win, warns that a partial DHS shutdown risks snarling air travel and punishing the flying public while ICE has already been funded, and cautions Democrats not to overplay their hand on the shutdown. Finally, on the day of the Mississippi primaries, Chuck gives his ToddCast Top 5 All-Time statewide races in Mississippi and answers listeners’ questions in the “Ask Chuck” segment. Go to https://zbiotics.com/CHUCKTODDCAST and use CHUCKTODDCAST at checkout for 15% off any first time orders of ZBiotics probiotics.” Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Refresh your wardrobe with Quince. Go to https://Quince.com/chuck for free shipping on your order and 365-day returns. Link in bio or go to https://getsoul.com & enter code TODDCAST for 30% off your first order. American Finance Disclaimer: NMLS 182334, nmlsconsumeraccess.org. APR for rates in the 5s start at 6.196% for well qualified borrowers. Call 866-885-1081, for details about credit costs and terms. Or https://apply.americanfinancing.net/thechucktoddcast Timeline: 00:00 Chuck Todd’s introduction 00:30 Despite runoff, Dems shouldn’t get hopes up for MTG’s district 01:30 Bennie Thompson survives primary challenge in Mississippi 07:15 War of choice in Iran could devour Trump’s presidency 08:00 Administration messaging appears to be manipulating markets 09:30 We got both a message of reassurance and escalation on Monday 10:30 Administration seems to be operating by the seat of their pants 12:00 Administration has eroded trust in institutions for years 13:00 Eventually markets will stop reacting to government statements 13:30 Administration burned through nearly $6B in munitions in two days 14:30 Asymmetric warfare has never gone well for the United States 15:15 Energy markets are in turmoil, Iran wants to create economic pain 16:00 Threat of stagflation & energy shortages are very real 16:45 Trump threatens to use the fed to shape oil markets, alarming economists 17:30 Partial shutdown of DHS agents risks snarling air travel 18:30 When do Dems declare victory on partial shutdown? Noem was fired 19:45 ICE has already been funded. Shutdown punishes the flying public 20:30 Democrats need to be careful not to overplay their hand in shutdown 21:00 If Trump could undo the war, he would. It won’t be Venezuela 2.0 22:15 We’ve always paid to rebuild countries we’ve bombed 23:00 If the regime survives, that’s victory for Iran 24:15 Can’t change regime without boots on the ground, which Trump won’t do 25:15 There’s no opposition on the ground to coordinate with 26:00 Trump buys story from Putin that Russia isn’t assisting Iran w/targeting 26:45 U.S. using up munitions headed to Ukraine is best case for Russia 28:00 DOJ agrees to incredibly friendly settlement with Ticketmaster 28:45 Live Nation lobbyists went straight to Trump, then deal is cut 29:15 Trump talks a big game on populism, but the lobbyists always win 30:45 Young independents hate corporate power & Trump sides with corporations 31:30 New polling shows majority of Americans are against war with Iran 32:15 Older voters continue to be strongest supporters of Trump & war 33:00 MAGA influencers are against war, but rank & file support Trump 37:45 Take action on April 9th to support local news 38:15 ToddCast Top 5 All-Time Mississippi statewide campaigns 42:45 #1 1959 gubernatorial 44:45 #2 1978 senate race 46:15 #3 1978 gubernatorial 47:45 #4 1999 gubernatorial 49:45 #5 2014 senate Republican primary 52:15 Honorable mentions 55:15 Ask Chuck 55:30 Do you have a Top 5 list coming for New Jersey? 58:45 How do we keep getting into wars without declaration from congress? 1:02:15 What will it take for the U.S. to rebuild trust on the world stage? 1:05:45 Will abortion become an issue in 2028 or has Dobbs taken it off the table? 1:09:15 Should Democrats break norms to prevent authoritarianism?See omnystudio.com/listener for privacy information.
After the US and Israel attacked Iran, Tehran's strategy of asymmetric warfare is clear: it closed the Strait of Hormuz and is attacking energy infrastructure in the Persian Gulf, causing global oil and natural gas prices to skyrocket, crashing stock markets, fueling inflation, and provoking an economic crisis that will hurt the USA and its allies. The conflict has also become a battle of attrition. Iran is using cheap missiles and drones to deplete the defense interceptors of neighboring countries, which will be very difficult to replace, due to deindustrialization, despite Trump administration efforts to boost production. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=yAc9mgZrE6E Topics 0:00 Iran conflict becomes war of attrition 1:10 US strategy: "punch them while they're down" 1:45 US military vs Iranian military 2:25 Asymmetric warfare 3:30 Decentralized mosaic defense doctrine 4:13 Guerrilla economic warfare 5:08 Oil price skyrockets to over $100 5:30 Strait of Hormuz closed 6:00 Energy infrastructure hit in Persian Gulf 7:19 Economic crisis on horizon 7:54 Trump: it's a "small price to pay" 8:46 Inflation fuels inequality 9:47 US midterm election coming soon 10:46 Donald Trump's approval rating 11:08 Fertilizer supply chain breakdown 11:28 Food price shock 12:33 Dubai airport shut down 12:54 Gulf monarchy reputation crisis 14:06 Iranian drones vs expensive missiles 15:15 Iran's Shahed 136 drone 16:56 Missile math in asymmetric war 18:47 Military-industrial complex profits 19:24 Gulf runs out of interceptor missiles 20:29 USA prioritizes Israel over GCC 23:26 What does victory look like? 25:25 US allies need more munitions 26:25 Deindustrialization 28:08 Trump meets with weapons CEOs 29:16 Corruption in Pentagon 30:49 Wall Street wins 31:45 US empire underestimates rivals 32:28 Iran destroys radar system 33:07 Iran hits energy infrastructure 33:32 Hotels hosting US military officials 34:54 US military uses civilian ports 36:10 Gulf monarchies are not neutral 37:08 Top oil producers, by country 37:35 Top oil exporters, by country 38:24 Top natural gas producers 38:39 Top LNG exporters 39:11 Strait of Hormuz alternatives 40:10 Saudi alternative oil pipeline 41:11 Iraq and Kurdish fighters 42:31 Insurance companies avoid region 43:13 Trump Hormuz US Navy proposal 44:15 China in talks with Iran 44:58 Asia imports most Gulf energy 45:38 China stockpiles commodities 47:58 China renewable energy strategy 49:23 India wants Russian oil 49:57 India's ties with USA & Israel 51:39 South Korea hurt by oil crisis 52:12 Europe faces new inflation shock 52:39 EU wants Russian oil 53:17 Ukraine backs Gulf dictatorships 54:08 Geopolitical reality 54:53 Gulf monarchy propaganda 56:00 Foreign nationals in GCC countries 56:34 Migrant workers in Persian Gulf 58:32 Asymmetric warfare results 59:59 End of "strategic patience" doctrine 1:00:55 Supreme leader Mojtaba Khamenei 1:01:57 Nuclear weapons 1:03:29 Clear losers of Iran war 1:04:42 Outro
Kyle Grieve discusses the life and career of legendary capital allocator John Malone and details the at times complex strategies that helped him compound capital over decades. IN THIS EPISODE YOU'LL LEARN: 00:00:00 - Intro 00:03:55 - How Malone uncovered fraud and took over Jerrold 00:06:20 - Why risk assessment shaped his “what if not” framework 00:09:21 - How he chose TCI over higher-paying offers 00:11:29 - Creative leverage strategies to survive heavy debt 00:13:23 - Why EBITDA helped reframe TCI's cash economics 00:55:17 - How clustering acquisitions built regional cable dominance 00:18:51 - The Liberty Media spinoff and tax-efficient structuring 00:44:06 - Asymmetric bets that created massive upside for shareholders 00:34:34 - Lessons from disruption and Netflix's streaming threat 00:48:54 - Malone's thoughts on leadership, decentralization, and long-term capital allocation Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Learn how to join us in Omaha for the Berkshire meeting here. Buy Born To Be Wired here. Listen to my episode on the Cable Cowboys here. Follow Kyle on Twitter and LinkedIn. Related books mentioned in the podcast. Ad-free episodes on our Premium Feed. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter. Check out our We Study Billionaires Starter Packs. Follow our official social media accounts: X | LinkedIn | Facebook. Browse through all our episodes here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: SimpleMining HardBlock AnchorWatch Human Rights Foundation Linkedin Talent Solutions Vanta Unchained Onramp Netsuite Shopify References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor's Podcast Network is not responsible for any claims made by them. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
The United States and Israel have launched strikes on Iran, killing Supreme Leader Ali Khamenei and triggering a full-scale war in the Middle East. As the region descends into conflict, a fascinating debate has emerged about what this means for China: from the surge in Chinese defense stocks and weapons export opportunities, to the collapse of Beijing's landmark Saudi-Iran diplomatic agreement. Is this a strategic disaster for China, or does the chaos actually create unexpected openings? Andrea Ghiselli, research director at The ChinaMed Project and a lecturer in international politics at the University of Exeter, joins Eric to discuss the stark differences in how this conflict is discussed in China and in the Global West.
Run it Red 130 is here! As usual, there's a raft of upcoming music in this show, with fresh sounds from Tensal, RMK, Vinicious Honoraria, Anthony Rother, Fabio Monesi, Skudge and many more (including some upcoming Symbolism and Hardgroove action
Recording date: 25th February 2026The gold mining sector stands at a critical juncture as major producers generate unprecedented free cash flow while consolidation activity remains notably absent. Samuel Pelaez, President & CEO, and Derek Macpherson, Executive Chair at Olive Resource Capital, discussed this disconnect during their February 25, 2026 industry commentary.The BMO Capital Markets conference in Hollywood, Florida concluded without the major corporate announcements typically expected at such gatherings, bringing only B2 Gold's leadership transition instead of the anticipated mega mergers or strategic acquisitions. This surprised both executives given the industry's exceptionally strong financial position.Major producers are now generating extraordinary cash flow. Agnico Eagle reported approximately $11 million in daily free cash flow during Q4 2025, while AngloGold Ashanti posted similar figures. With gold prices having climbed to above $5,000 per ounce, these companies could potentially generate an additional $7-8 million daily. Pelaez characterized the industry as becoming "over capitalized," with substantial cash accumulating on producer balance sheets faster than it can be deployed through dividends and buybacks alone.The executives emphasized that M&A activity must eventually materialize, noting that producer stocks have appreciated approximately 5x since the Great Bear Resources acquisition. This suggests $10 billion takeouts are now mathematically feasible, compared to the $2 billion Great Bear precedent. However, both acknowledged being wrong about timing, with developer valuations remaining "long overdue" to catch up with producers.The key signal they're monitoring is competitive bidding situations with multiple parties pursuing single assets. Once this dynamic emerges, a "herd mentality" should drive rapid consolidation as companies move quickly to secure remaining quality targets.Looking ahead to the PDAC conference in Toronto, both executives plan to identify new opportunities, particularly in copper development assets and Argentina's emerging mining sector. The conference represents a key test of whether the industry will finally deploy its substantial cash reserves toward strategic acquisitions.Sign up for Crux Investor: https://cruxinvestor.com
Guests: Bill Roggio and David Daoud. Hezbollah leader Naim Qassem pledges loyalty to Iran, threatening asymmetric attacks on global U.S. assets if the "mothership" is struck, while organizing for Lebanese elections.15th century
Alexis Carlier, founder of Asymmetric Security, explains how assuming AGI-level intelligent labor should transform cybersecurity from reactive triage to proactive, continuous digital forensics. He breaks down today's threat landscape—from “spray and pray” cybercrime to nation-state IP theft and North Korean “remote workers.” The conversation explores Asymmetric's AI agents for deep investigations, their services-first approach to business email compromise, and how specialized digital forensics may differentially accelerate defensive AI capabilities. Use the Granola Recipe Nathan relies on to identify blind spots across conversations, AI research, and decisions: https://bit.ly/granolablindspot Sponsors: GovAI: GovAI was founded ten years ago on the belief that AI would end up transforming our world. Ten years later, the organization is at the forefront of trying to help decision-makers in government and industry navigate the transition to advanced AI. GovAI is now hiring Research Scholars (one-year positions for those transitioning into AI policy) and Research Fellows (longer-term roles for experienced researchers). Both roles offer significant freedom to pursue policy research, advise decision-makers, or launch new initiatives. Applications close 15 February 2026. Apply at: https://www.governance.ai/opportunities Blitzy: Blitzy is the autonomous code generation platform that ingests millions of lines of code to accelerate enterprise software development by up to 5x with premium, spec-driven output. Schedule a strategy session with their AI solutions consultants at https://blitzy.com Serval: Serval uses AI-powered automations to cut IT help desk tickets by more than 50%, freeing your team from repetitive tasks like password resets and onboarding. Book your free pilot and guarantee 50% help desk automation by week four at https://serval.com/cognitive Tasklet: Tasklet is an AI agent that automates your work 24/7; just describe what you want in plain English and it gets the job done. Try it for free and use code COGREV for 50% off your first month at https://tasklet.ai CHAPTERS: (00:00) About the Episode (04:20) Defining AGI and jaggedness (12:27) Modern cyber threat landscape (Part 1) (19:10) Sponsors: GovAI | Blitzy (22:17) Modern cyber threat landscape (Part 2) (29:58) AI-powered cyber defense (Part 1) (33:31) Sponsors: Serval | Tasklet (36:20) AI-powered cyber defense (Part 2) (42:20) Inside digital forensics workflows (51:52) Bootstrapping AI cyber defense (59:17) Shaping the capability frontier (01:08:44) Future of automated forensics (01:17:59) Outro PRODUCED BY: https://aipodcast.ing
Wealth preservation at the $1M to $10M level isn't about finding the next unicorn; it's about structural discipline. In this solo episode, Sam Silverman dismantles the "Portfolio Paradox", the stress of having high net worth but low liquidity, and reveals his comprehensive framework for deploying $1 million effectively.We move beyond the accumulation mindset to the architecture of allocation, breaking down the specific "jobs" every dollar must play, from providing sleep-at-night liquidity to capturing asymmetric upside.In this episode, we cover:The Portfolio Paradox: Why portfolios that look good on paper often cause massive stress due to illiquidity traps and analysis paralysis.The 5-Point Filter: The rigorous stress test every deal must pass, balancing Yield, Appreciation, Liquidity, Tax Efficiency, and Impact.The 4-Bucket Blueprint: A detailed breakdown of the target allocation: 15% Liquidity, 30% Predictable Income, 40% Long-Term Growth, and 10% Asymmetric Bets.Earning Illiquidity: Why you must "earn" the right to lock up capital in private equity by first establishing a foundation of liquid cash and income.Asymmetric Sizing: The "Zero" Rule for high-risk ventures; how to size bets so that a total loss changes nothing, but a win changes everything.Links & Resources:Newsletter: Join the Mechanics of Money weekly deep dive: https://www.mechanicsofmoney.coInvest: Invest with Silverman Capital: https://silvermancapital.coAbout the Host: Sam Silverman is the Founder of Silverman Capital, a private equity and real estate investment firm. Mechanics of Money is the audio playbook for high-net-worth individuals moving from "High Earner" to "Sophisticated Allocator."
Disruptive warfare is a new concept to counter traditional ideas of mass with technology and unconventional strategies and tactics. How does it work, and what does it mean for airpower? We get answers from Michael Stewart, former head of the Navy's disruptive capabilities office and one of the architects behind the Hellscape defense concept. And we have this week's airpower headlines. All powered by GE!
Introduction The Red Sea crisis has settled into an uncomfortable new normal. While the initial shock caused by the use of anti-ship ballistic missiles (ASBM) has faded, the strategic implications of the Houthi campaign remain dangerously under-analysed in the context of future British Naval Doctrine. For the Royal Navy, the conflict would appear to cast a shadow over amphibious operations in littoral waters, where both the Carrier Strike Group (CSG) and the Littoral Response Groups (LRGs) are expected to conduct their operations. The Houthi campaign has inadvertently provided an example of a scalable, repeatable model of sea denial that fundamentally challenges the operating and financial rationale of Western naval power projection. The Houthi Model involves the integration of sensors and shooters at the state level with the expendability and mass of non-state actor operations. This model poses a significant challenge for the Royal Navy, which relies on low-density, high-value assets. The Tyranny of the Cost-Exchange Ratio The frightening mathematics of modern air defence are grounded in the lessons learned from the Bab el-Mandeb Strait. In the first few months of the Red Sea conflict, British destroyers, notably HMS Diamond, excelled at shooting down wave after wave of hostile tracks. However, there was an unsustainable price to pay. The Houthis' Shahed-136 derivative costs approximately $20,000. The missile required to intercept it, an Aster-15 or Sea Viper, costs at least £1 million. While individual engagements can be justified by the value of a destroyed merchant vessel or a destroyer providing escort, the economics of sustained engagement are financially disastrous. This creates a magazine depth problem that the CSG must confront. A Type 45 Destroyer has 48 vertical launch (VL) silos. In a saturation attack scenario, precisely the type the Houthi Model promotes, a destroyer may expend its entire primary magazine in minutes, shooting down targets costing its adversary less than a basic rigid-hulled inflatable boat (RHIB). It should be noted that at present, the Royal Navy can not replenish a surface vessel's VL silos whilst at sea. Should the UK CSG deploy to the Indo-Pacific, it would face the People's Liberation Army Navy (PLAN). However, the Houthi Model demonstrates that the PLAN need not risk its own high-value hulls to mission-kill a Queen Elizabeth-class carrier. It only needs to provide a proxy or 'maritime militia' swarm with sufficient cheap, attritable effectors to force the CSG to exhaust its magazines. Once the escorts are out of ammunition, the carrier becomes operationally irrelevant, forced to withdraw without a single capital ship being sunk. The Littoral Response Group in Crisis: The Decommissioning Dilemma The consequences for the Littoral Response Group could be the most profound. The current construct envisions the use of Bay-class and Albion-class vessels in the littoral zone to conduct 'raids' and achieve 'strategic effects' via the force insertion of Commandos. However, the basis for such an operational construct has now fundamentally changed. In March 2025, the Ministry of Defence undertook the decommissioning of HMS Albion and Bulwark, the Royal Navy's two Albion-class landing platform docks. This was an exercise in cost-cutting that has resulted in a major capability gap. This capability gap now exists at a time when there is a considerable change in the doctrine surrounding amphibious operations. Albion-class vessels were designed to deliver amphibious landing forces at the brigade level. Their absence means that the Royal Navy has to rely on three Bay-class Landing Ship Docks, vessels that are already under considerable pressure due to crewing deficits within the Royal Fleet Auxiliary. The capability gap is significant, as there are now no Bay-class vessels available to conduct sustained operations. With the Albion-class now retired, the capability deficit is pronounced. The lightweight, a...
In this episode of Wine After Work, Bryce sits down with Adam Jackson, CEO and founder of Braintrust, the world's largest user-owned talent network and the company behind Braintrust AIR, the first end-to-end AI recruiting platform built to benefit both companies and talent. Adam shares his entrepreneurial journey—from founding telemedicine giant Doctor on Demand to building Braintrust—and unpacks how AI is fundamentally changing hiring. We dive into what Braintrust AIR actually does, why now is the moment for AI in recruiting, and how technology can finally make hiring faster, fairer, and more human. Plus, we talk misconceptions around AI, how leaders should approach change, and Adam's unexpected creative outlet: running a wine label called Asymmetric. If you're curious about the future of recruiting, talent acquisition, or how AI can work with people instead of replacing them, this episode is a must-listen. What we cover: Adam's career journey and the origin story of Braintrust The vision behind a user-owned talent network What Braintrust AIR is and how it reduces time-to-hire from months to days How AI can improve outcomes for hiring managers and job seekers Common myths about AI in recruiting (and what's actually true) How to lead through technological change Entrepreneurship, creativity, and wine
At the start of the full-scale invasion of Ukraine, Russia held clear naval superiority in the Black Sea. Over the course of the war, Ukraine has developed an asymmetric maritime strategy using unmanned surface vehicles (USVs), achieving strategic effects against a superior naval force.Ukraine has largely shifted from importing complete drone systems to assembling them domestically using foreign components, with China remaining a key supplier of many critical parts. What is more, Ukraine is now preparing to export its drones internationally.In this episode, Katsiaryna Shmatsina, Eurasia Fellow at Lawfare, sits down with Cat Buchatskiy, the Director of Analytics at the Snake Island Institute, to discuss Ukraine's maritime operations in the Black Sea, the use of drones, and the supply chains behind them. Cat leads a team of analysts producing frontline-validated research on modern warfare, defense innovation, and U.S.-Ukraine security cooperation. Read more from the Snake Island Institute on Ukraine's Black Sea's Asymmetric Blueprint and the transformation of a once-nascent drone industry into a critical pillar of national defense.To receive ad-free podcasts, become a Lawfare Material Supporter at www.patreon.com/lawfare. You can also support Lawfare by making a one-time donation at https://givebutter.com/lawfare-institute.Support this show http://supporter.acast.com/lawfare. Hosted on Acast. See acast.com/privacy for more information.
James St. Aubin considers risk and reward in the AI sector, arguing that winners are the ones serving the end user. He thinks that AI is “propping up the economic outlook” and warns there could be asymmetric losses as downside risk climbs. He examines a Fed at odds and what the neutral rate actually might be: “you kind of know it when you see it.”======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
RIR 128 is here! A huge thank you to every artist, label and promo company who sends me music for the shows, the NTS crew and, importantly, every one of you who checks out the shows every month. This one features from killer tracks from Marcel Dettmann, Oscar Mulero (as Dr. Smoke), Seddig, DJ Bone, Zenker Brothers, Electric Rescue and loads more. Hit the charity links if you can, too...
Podcast: Exploited: The Cyber Truth Episode: The Asymmetric Advantage: How Cybersecurity Can Outpace AdversariesPub date: 2025-12-04Get Podcast Transcript →powered by Listen411 - fast audio-to-text and summarizationIn this episode of Exploited: The Cyber Truth, host Paul Ducklin sits down with RunSafe Founder and CEO Joseph M. Saunders to explore why the future of cyber defense depends on disrupting attacker economics rather than racing to keep up with every new threat. Joe breaks down how organizations can gain an asymmetric advantage by reducing exploitability across entire classes of vulnerabilities, especially persistent memory safety flaws that continue to expose critical systems. He shares why adding lightweight, automated protections at build time is one of the fastest ways to shift the cost curve onto attackers without forcing massive code rewrites or slowing development teams down. Together, Paul and Joe discuss: Why attackers' resource advantage requires a new defensive mindsetThe power of “patchless” protection in embedded and OT environmentsWhy memory safety flaws persist and how to neutralize them at scaleThe risks of AI-generated code and how to prevent silent vulnerabilitiesHow Secure by Design practices improve resilience for critical infrastructure If you're responsible for securing embedded systems, OT assets, or long-lived devices where patch cycles are slow and risk is high, this episode offers a new mindset that gives defenders the upper hand.The podcast and artwork embedded on this page are from RunSafe Security, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.
In Episode 6 of Dialed In, Tim and Zach share what the first few weeks of Collected have really looked like—launching while Zach was in Japan, watching hundreds of people sign up, and seeing early users build full profiles and collections without prompting. They break down what's surprising them most on both sides of the market: Insiders leaning into community instantly, and dealers needing real education before changing habits built on spreadsheets, wires, and WhatsApp. The conversation goes deep on why the biggest opportunity isn't just the sale, but everything that happens before it, and how running more of that workflow through Collected creates an asymmetric advantage over time. From CRM automation that helps Dealers find money already sitting in their business, to the standards the industry is heading toward whether it wants to or not, this episode is a candid look at early traction, real frictions, and where the market goes next when buyers and sellers finally operate on the same system.
Air Date 11/21/2025 In an ethical political system, being willing to break the law in order to starve people amid a political dispute wouldn't be a source of greater leverage and power but it is in ours and the shutdown put the wildly different senses of ethics between the parties on full display. Be part of the show! Leave us a message or text at 202-999-3991, message us on Signal at the handle bestoftheleft.01, or email Jay@BestOfTheLeft.com Full Show Notes Check out our new show, SOLVED! on YouTube! BestOfTheLeft.com/Support (Members Get Bonus Shows + No Ads!) Join our Discord community! KEY POINTS KP 1: Government Shutdown or General Strike How to Fight Trumps Agenda - The Socialist Program w Brian Becker - Air Date 11-12-25 KP 2: What Its Like Suing Trump in Court Over SNAP Funding - Boom! Lawyered - Air Date 11-13-25 KP 3: The History of SNAP How Food Stamps Feed America - The Politics of New America - Air Date 11-4-25 KP 4: MAGA Republican ERUPTS Over Major SNAP Consequences As Gross Tantrum Backfires - The Damage Report - Air Date 10-31-25 KP 5: Addressing Food Insecurity With Dignity - The Giving Garden - Air Date 9-3-25 KP 6: Senator Sanders Slams The Surrender Dems - What A Day - Air Date 11-11-25 KP 7: Pope Condemns Trump Hispanics Quit GOP More Illegal Airstrikes How SNAP Boosts The Economy - The David Feldman Show - Air Date 11-10-25 (00:55:53) NOTE FROM THE EDITOR On how to preserve democracy DEEPER DIVES (01:10:38) SECTION A: SHUTDOWN 02:01:39) SECTION B: FOOD INSECURITY (03:19:42) SECTION C: GOP AWFULNESS SHOW IMAGE CREDITS Description: Composite image of the SNAP program logo (food stamps) and a symbol of a stethoscope (healthcare) in a closed cage with a GOP elephant symbol standing on top against a faded American flag background. Credit: Internal composite design. Elements from Pixabay | Pixabay license | and UDSA Produced by Jay! Tomlinson Visit us at BestOfTheLeft.com Listen Anywhere! BestOfTheLeft.com/Listen Listen Anywhere! Follow BotL: Bluesky | Mastodon | Threads | X Like at Facebook.com/BestOfTheLeft
This week, Lois Houston and Nikita Abraham are joined by Principal OCI Instructor Orlando Gentil to explore what truly keeps data safe, and what puts it at risk. They discuss the CIA triad, dive into hashing and encryption, and shed light on how cyber threats like malware, phishing, and ransomware try to sneak past defenses. Cloud Tech Jumpstart: https://mylearn.oracle.com/ou/course/cloud-tech-jumpstart/152992 Oracle University Learning Community: https://education.oracle.com/ou-community LinkedIn: https://www.linkedin.com/showcase/oracle-university/ X: https://x.com/Oracle_Edu Special thanks to Arijit Ghosh, David Wright, Kris-Ann Nansen, Radhika Banka, and the OU Studio Team for helping us create this episode. ------------------------------------------ Episode Transcript: 00:00 Welcome to the Oracle University Podcast, the first stop on your cloud journey. During this series of informative podcasts, we'll bring you foundational training on the most popular Oracle technologies. Let's get started! 00:25 Lois: Hello and welcome to the Oracle University Podcast! I'm Lois Houston, Director of Innovation Programs with Oracle University, and with me is Nikita Abraham, Team Lead: Editorial Services. Nikita: Hey everyone! Last week, we discussed how you can keep your data safe with authentication and authorization. Today, we'll talk about various security risks that could threaten your systems. 00:48 Lois: And to help us understand this better, we have Orlando Gentil, Principal OCI Instructor, back with us. Orlando, welcome back! Let's start with the big picture—why is security such a crucial part of our digital world today? Orlando: Whether you are dealing with files stored on a server or data flying across the internet, one thing is always true—security matters. In today's digital world, it's critical to ensure that data stays private, accurate, and accessible only to the right people. 01:20 Nikita: And how do we keep data private, secure, and unaltered? Is there a security framework that we can use to make sense of different security practices? Orlando: The CIA triad defines three core goals of information security. CIA stands for confidentiality. It's about keeping data private. Only authorized users should be able to access sensitive information. This is where encryption plays a huge role. Integrity means ensuring that the data hasn't been altered, whether accidentally or maliciously. That's where hashing helps. You can compare a stored hash of data to a new hash to make sure nothing's changed. Availability ensures that data is accessible when it's needed. This includes protections like system redundancy, backups, and anti-DDoS mechanisms. Encryption and hashing directly support confidentiality and integrity. And they indirectly support availability by helping keep systems secure and resilient. 02:31 Lois: Let's rewind a bit. You spoke about something called hashing. What does that mean? Orlando: Hashing is a one-way transformation. You feed in data and it produces a unique fixed length string called a hash. The important part is the same input always gives the same output, but you cannot go backward and recover the original data from the hash. It's commonly used for verifying integrity. For example, to check if a file has changed or a message was altered in transit. Hashing is also used in password storage. Systems don't store actual passwords, just their hashes. When you log in, the system hashes what you type it and compare the stored hash. If they match, you're in. But your actual password was never stored or revealed. So hashing isn't about hiding data, it's about providing it hasn't changed. So, while hashing is all about protecting integrity, encryption is the tool we use to ensure confidentiality. 03:42 Nikita: Right, the C in CIA. And how does it do that? Orlando: Encryption takes readable data, also known as plaintext, and turns it into something unreadable called ciphertext using a key. To get the original data back, you need to decrypt it using the right key. This is especially useful when you are storing sensitive files or sending data across networks. If someone intercepts the data, all they will see is gibberish, unless they have the correct key to decrypt it. Unlike hashing, encryption is reversible as long as you have the right key. 04:23 Lois: And are there different types of encryption that serve different purposes? Orlando: Symmetric and asymmetric encryption. With symmetric encryption, the same key is used to both encrypt and decrypt the data. It's fast and great for securing large volumes of data, but the challenge lies in safely sharing the key. Asymmetric encryption solves that problem. It uses a pair of keys: public key that anyone can use to encrypt data, and a private key that only the recipient holds to decrypt it. This method is more secure for communications, but also slower and more resource-intensive. In practice, systems often use both asymmetric encryption to exchange a secure symmetric key and then symmetric encryption for the actual data transfer. 05:21 Nikita: Orlando, where is encryption typically used in day-to-day activities? Orlando: Data can exist in two primary states: at rest and in transit. Data at rest refers to data stored on disk, in databases, backups, or object storage. It needs protection from unauthorized access, especially if a device is stolen or compromised. This is where things like full disk encryption or encrypted storage volumes come in. Data in transit is data being sent from one place to another, like a user logging into a website or an API sending information between services. To protect it from interception, we use protocols like TLS, SSL, VPNs, and encrypted communication channels. Both forms data need encryption, but the strategies and threats can differ. 06:19 Lois: Can you do a quick comparison between hashing and encryption? Orlando: Hashing is one way. It's used to confirm that data hasn't changed. Once data is hashed, it cannot be reversed. It's perfect for use cases like password storage or checking the integrity of files. Encryption, on the other hand, it's two-way. It's designed to protect data from unauthorized access. You encrypt the data so only someone with the right key can decrypt and read it. That's what makes it ideal for keeping files, messages, or network traffic confidential. Both are essential for different reasons. Hashing for trust and encryption for privacy. 07:11 Adopting a multicloud strategy is a big step towards future-proofing your business and we're here to help you navigate this complex landscape. With our suite of courses, you'll gain insights into network connectivity, security protocols, and the considerations of working across different cloud platforms. Start your journey to multicloud today by visiting mylearn.oracle.com. 07:39 Nikita: Welcome back! When we talk about cybersecurity, we hear a lot about threats and vulnerabilities. But what do those terms really mean? Orlando: In cybersecurity, a threat is a potential danger and a vulnerability is a weakness an asset possess that a threat can exploit. When a threat and a vulnerability align, it creates a risk of harm. A threat actor then performs an exploit to leverage that vulnerability, leading to undesirable impact, such as data loss or downtime. After an impact, the focus shifts to response and recovery to mitigate damage and restore operations. 08:23 Lois: Ok, let's zero in on vulnerabilities. What counts as a vulnerability, and what categories do attackers usually target first? Orlando: Software and hardware bugs are simply unintended flaws in a system's core programming or design. Misconfigurations arise when systems aren't set up securely, leaving gaps. Weak passwords and authentication provide easy entry points for attackers. A lack of encryption means sensitive data is openly exposed. Human error involves mistakes made by people that unintentionally create security risks. Understanding these common vulnerability types is the first step in building more resilient and secure systems as they represent the critical entry points attackers leverage to compromise systems and data. By addressing these, we can significantly reduce our attack surface and enhance overall security. 09:28 Nikita: Can we get more specific here? What are the most common cybersecurity threats that go after vulnerabilities in our systems and data? Orlando: Malware is a broad category, including viruses, worms, Trojans, and spyware. Its goal is to disrupt or damage systems. Ransomware has been on the rise, targeting everything from hospitals to government agencies. It lock your files and demands a ransom, usually in cryptocurrency. Phishing relies on deception. Attackers impersonate legitimate contacts to trick users into clicking malicious links or giving up credentials. Insider threats are particularly dangerous because they come within employees, contractors, or even former staff with lingering access. Lastly, DDoS attacks aim to make online services unavailable by overwhelming them with traffic, often using a botnet—a network of compromised devices. 10:34 Lois: Orlando, can you walk us through how each of these common cybersecurity threats work? Orlando: Malware, short for malicious software, is one of the oldest and most pervasive types of threats. It comes in many forms, each with unique methods and objectives. A virus typically attaches itself to executable files and documents and spreads when those are shared or opened. Worms are even more dangerous in networked environments as they self-replicate and spread without any user action. Trojans deceive users by posing as harmless or helpful applications. Once inside, they can steal data or open backdoors for remote access. Spyware runs silently in the background, collecting sensitive information like keystrokes or login credentials. Adware might seem like just an annoyance, but it can also track your activity and compromise privacy. Finally, rootkits are among the most dangerous because they operate at a low system level, often evading detection tools and allowing attackers long-term access. In practice, malware can be a combination of these types. Attackers often bundle different techniques to maximize damage. 12:03 Nikita: And what about ransomware? Why it is such a serious threat? Orlando: Ransomware has become one of the most disruptive and costly types of cyber attacks in recent years. Its goal is simple but devastating, to encrypt your data and demand payment in exchange for access. It usually enters through phishing emails, insecure remote desktop protocol ports or known vulnerabilities. Once inside, it often spreads laterally across the network before activating, ensuring maximum impact. There are two common main forms. Crypto ransomware encrypts user files, making them inaccessible. Locker ransomware goes a step further, locking the entire system interface, preventing any use at all. Victims are then presented with a ransom note, typically requesting cryptocurrency payments in exchange for the decryption key. What makes ransomware so dangerous is not just the encryption itself, but the pressure it creates. Healthcare institutions, for instance, can't afford the downtime, making them prime targets. 13:18 Lois: Wow. Thanks, Orlando, for joining us today. Nikita: Yeah, thanks Orlando. We'll be back next week with more on how you use security models to tackle these threats head-on. And if you want to learn about the topics we covered today, go to mylearn.oracle.com and search for the Cloud Tech Jumpstart course. Until next time, this is Nikita Abraham… Lois: And Lois Houston, signing off! 13:42 That's all for this episode of the Oracle University Podcast. If you enjoyed listening, please click Subscribe to get all the latest episodes. We'd also love it if you would take a moment to rate and review us on your podcast app. See you again on the next episode of the Oracle University Podcast.
Send us a textIn this episode, an experienced angel investor explains how she evaluates founders, the value of firsthand problem knowledge, and why the best investments balance limited downside with exponential upside.Learn her million-dollar lesson: success comes from focusing on asymmetry, people, and time.https://familyoffices.com/
Deux fusions de trous noirs, mesurée à un mois d'intervalle fin 2024 par la collaboration LIGO-Virgo-KAGRA, permet aux chercheurs de mieux comprendre la nature et l'évolution des collisions les plus violentes de l'univers. Les données recueillies lors de ces fusions valident également avec une précision sans précédent les lois fondamentales de la physique prédites par Albert Einstein et font progresser la recherche de nouvelles particules élémentaires encore inconnues, susceptibles d'extraire de l'énergie des trous noirs. L'étude est parue dans The Astrophysical Journal Letters. Source GW241011 and GW241110: Exploring Binary Formation and Fundamental Physics with Asymmetric, High-spin Black Hole CoalescencesLVK CollaborationThe Astrophysical Journal Letters, Volume 993, Number 1 (28 october 2025)https://doi.org/10.3847/2041-8213/ae0d54 Illustration Vue d'artiste d'une fusion de trous noirs asymétriques (Carl Knox, OzGrav, Swinburne University of Technology)
Why has Bitcoin captured the attention of investors and innovators alike? Lance Roberts & Vinay Gupta break down what makes Bitcoin unique — from its blockchain backbone to its role as currency, commodity, and speculative asset. We'll explore how to think about Bitcoin in a diversified portfolio, what risks investors need to understand, and why blockchain may reshape how business is done in the future.
Why has Bitcoin captured the attention of investors and innovators alike? Lance Roberts & Vinay Gupta break down what makes Bitcoin unique — from its blockchain backbone to its role as currency, commodity, and speculative asset. We'll explore how to think about Bitcoin in a diversified portfolio, what risks investors need to understand, and why blockchain may reshape how business is done in the future.
The Investing Power Hour is live-streamed every Thursday on the Chit Chat Stocks Podcast YouTube channel at 5:00 PM EST. This week we discussed with special guest Travis Hoium:(00:00) Introduction(04:00) Tesla Earnings and EV Market Analysis(10:12) Opportunities in the EV Space: Lyft and Uber(12:45) General Motors and Rivian: Financial Insights(20:25) Hims and Hers: Disruption in Healthcare(32:08) Emerging Asymmetric Stocks: On and Crocs(34:16) Conclusion and Final Thoughts(37:16) Google's AI Dominance: Competitive Advantages and Future Outlook(47:54) Bubbles vs. Asymmetric Stocks: Understanding Investment Risks(55:45) MGM: A Case Study in Asymmetric Growth OpportunitiesAsymmetric Investing YouTube: https://www.youtube.com/@asymmetricinvestingNewsletter: https://asymmetric-investing.beehiiv.com/Autopilot: https://marketplace.joinautopilot.com/landing/3126/772780*****************************************************JOIN OUR NEWSLETTER AND CHAT COMMUNITY: https://chitchatstocks.substack.com/ *********************************************************************Chit Chat Stocks is presented by Interactive Brokers. Get professional pricing, global access, and premier technology with the best brokerage for investors today: https://www.interactivebrokers.com/ Interactive Brokers is a member of SIPC. *********************************************************************Fiscal.ai is building the future of financial data.With custom charts, AI-generated research reports, and endless analytical tools, you can get up to speed on any stock around the globe. All for a reasonable price. Use our LINK and get 15% off any premium plan: https://fiscal.ai/chitchat *********************************************************************Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.
Vic is a successful Board Advisor, AI Strategist, and Innovator whose mission in life is to help the most people possible make the most money through business, technology, and science. Website: http://aihrdojo.com/ LinkedIn: https://www.linkedin.com/in/vic-ako/ BlueSky: https://bsky.app/profile/vicako.bsky.social Newsletter: https://opportunity-report.beehiiv.com/ (Asymmetric opportunities for ambitious builders. Each week: a validated venture blueprint worth $10M+, complete with go-to-market strategy and exit path.) CallumConnects Micro-Podcast is your daily dose of wholesome leadership inspiration. Hear from many different leaders in just 5 minutes what hurdles they have faced, how they overcame them, and what their key learning is. Be inspired, subscribe, leave a comment, go and change the world!
Find me on Substack: https://bogumilbaranowski.substack.com/Ritavan is a bestselling author of "Data Impact," former CTO, and data transformation expert with a decade of operating experience across sectors including banking (Société Générale), energy trading, consulting, and real estate technology, who advocates for treating digital initiatives like value investments rather than following technology trends.EPISODE NOTES3:00 - Ritavan shares the fascinating story behind having only one name—his grandfather's generation dropped last names as part of a social reform movement to combat caste-based discrimination in India, as colonial systems had turned last names into markers of social hierarchy.7:30 - Early career journey spans math research in Paris at École Normale Supérieure, market risk at Société Générale during the 2008 financial crisis obsession, and energy trading where he cleared his trading exam within six weeks despite not knowing what a megawatt was.13:45 - The core thesis emerges: following technology trends destroys business value. Ritavan argues that constantly chasing AI, cloud, or the latest tech is like an investor jumping between market fads—you're not playing the long game or building real competitive advantage.20:30 - Revolutionary perspective on value creation paradigms throughout history: hunter-gatherers relied 40-60% on traps (automation), agriculture depended on land, industrial age on machinery and raw materials, while the digital paradigm offers zero replication costs and near-zero personalization costs.27:00 - Introduces the SLASOG framework: Save (capital preservation, avoid groupthink), Leverage (find asymmetric opportunities), Align (commander's intent), Simplify (remove clutter), Optimize (maximize returns), Compound (play the long game), Keep (retain gains).36:30 - Roger Federer insight: He won only 54% of points but 80% of games due to tennis's nonlinear scoring system—a powerful metaphor for business success requiring asymmetric opportunities, not perfection.41:00 - Teaching the first LLM-native college students: Traditional assessment is obsolete when AI can summarize and synthesize better than humans. The solution? Open-ended problems with no single answer, forcing genuine creativity and collaboration.48:30 - Napoleon's battlefield genius: treating each battle from first principles, understanding the system, finding nonlinear advantages, and pioneering "commander's intent"—ensuring even illiterate foot soldiers understood strategic goals, not just tactical orders.54:45 - The North Star metric concept: Legacy businesses obsess over EBIT (backward-looking), but digital-age companies need forward-looking metrics that quantify customer value delivery to enable rapid adaptation and compounding gains.Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
Vic is a successful Board Advisor, AI Strategist, and Innovator whose mission in life is to help the most people possible make the most money through business, technology, and science. Website: http://aihrdojo.com/ LinkedIn: https://www.linkedin.com/in/vic-ako/ BlueSky: https://bsky.app/profile/vicako.bsky.social Newsletter: https://opportunity-report.beehiiv.com/ (Asymmetric opportunities for ambitious builders. Each week: a validated venture blueprint worth $10M+, complete with go-to-market strategy and exit path.) CallumConnects Micro-Podcast is your daily dose of wholesome leadership inspiration. Hear from many different leaders in just 5 minutes what hurdles they have faced, how they overcame them, and what their key learning is. Be inspired, subscribe, leave a comment, go and change the world!
Get Sam's ChatGPT Executive Coach Playbook - his exact system for everything from revenue optimization to life decisions: https://clickhubspot.com/skm Episode 757 Sam Parr ( https://x.com/theSamParr ) shares his formula for how to live a good life. — Show Notes: (0:00) Step 1: Don't Have a Best Friend (2:45) Step 2: Don't Decide (7:01) Step 3: Don't Set Goals (13:54) Step 4: Keep Pivoting (16:23) Step 5: Don't Buy the Index — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
Vic is a successful Board Advisor, AI Strategist, and Innovator whose mission in life is to help the most people possible make the most money through business, technology, and science. Website: http://aihrdojo.com/ LinkedIn: https://www.linkedin.com/in/vic-ako/ BlueSky: https://bsky.app/profile/vicako.bsky.social Newsletter: https://opportunity-report.beehiiv.com/ (Asymmetric opportunities for ambitious builders. Each week: a validated venture blueprint worth $10M+, complete with go-to-market strategy and exit path.) CallumConnects Micro-Podcast is your daily dose of wholesome leadership inspiration. Hear from many different leaders in just 5 minutes what hurdles they have faced, how they overcame them, and what their key learning is. Be inspired, subscribe, leave a comment, go and change the world!
In this episode, Momo sits down with his friend and long-time flatmate, Sohail, a mathematician, for a relaxed conversation about RSA cryptography—how it works and why it was revolutionary. Sohail breaks down the math behind RSA with clear, accessible examples and shares bonus fun facts about mathematics, broken predictions, and the future of math in an open-source world.---Hardy writes: "The 'real' mathematics of the 'real' mathematicians, the mathematics of Fermat and Euler and Gauss and Abel and Riemann, is almost wholly 'useless'."A similar quote is attributed to Gauss, Sohail's beloved mathematician. He jokingly said "I must have committed blasphemy by attributing it to someone else." Here's the exact quote:"Mathematics is the queen of the sciences, and number theory is the queen of mathematics. She often condescends to render service to astronomy and other natural sciences, but under all circumstances she is entitled to first rank."---00:58 – Sohail's background in mathematics03:23 – Math and real-world applications08:11 – Asymmetric cryptography (like public-key cryptography) vs. symmetric cryptography (like the Caesar cipher)11:18 – Remembering Gauss and Gauss Junior15:55 – Is asymmetric cryptography mind-blowing?17:53 – Why RSA cryptography was ground-breaking21:01 – Explaining RSA through the “suitcase” analogy25:09 – The math behind RSA32:18 – What kinds of functions can be used in RSA?34:58 – Clock-like modular functions in RSA40:59 – Fermat's Little Theorem as the basis of RSA48:11 – A more complex function than Fermat's Little Theorem used in RSA50:43 – How your password reaches your bank securely using RSA59:41 – Do my function and my bank's function need to match in RSA?01:01:19 – The importance of prime numbers in cryptography01:04:06 – Accessible resources for math enthusiasts01:05:40 – Nuance: which exponentiation operations are invalid in RSA01:10:25 – Can a hacker intercept and decode an RSA-encrypted message?01:12:28 – Why the move to elliptic curves?01:14:00 – Other real-world applications of number theory01:19:03 – The future of mathematics---Fermat's little theorem explanation:https://en.wikipedia.org/wiki/Fermat's_little_theoremThe channel for explaining math concepts in simple words, 3Blue1Brown. This source doesn't explain Fermat's Little Theorem, but it is an accessible source for math enthusiasts without specialized training.https://www.youtube.com/@3blue1brownEnigma Cipher Center, the cryptography museum in Poznan, Polandhttps://csenigma.pl/en/My Nostr post about the internet and cryptography:https://primal.net/e/nevent1qqs9x3rxx3s9fhg6jwzvafgh6vvvxe658junc0vt4lphmcdl4w9ccrs9rk8dd---
Day 1,321.Today, we break down Ukraine's escalating drone war targeting Russian industry and examine how Ukrainian intelligence claims China supplied satellite imagery of US-funded factories. We also cover the latest riots in Georgia and election results in Czechia, analysing what they reveal about European political stability. Later, following a weekend of explosions across Russia and occupied Crimea, a RAND Corporation analyst joins us to assess Putin's weakening oil industry, the potential breaking point for Russia's energy sector, and how a proposed European “drone wall” could reshape the continent's defences.Contributors:Dominic Nicholls (Associate Editor of Defence). @DomNicholls on X.Francis Dearnley (Executive Editor for Audio). @FrancisDearnley on X.With thanks to RAND Analyst Michael Bohnert.CONTENT REFERENCED:‘The Battle for Odesa: Ukraine's Culture War' (Francis & Dom Video Documentary):https://www.youtube.com/watch?v=28HqbQLYGMM Europe is facing its ‘Pearl Harbor moment' (Landbergis in The Telegraph):https://www.telegraph.co.uk/world-news/2025/10/05/europe-faces-pearl-harbor-moment/ Georgia's presidential palace ‘attacked' after pro-Russia party's win (The Telegraph):https://www.telegraph.co.uk/world-news/2025/10/05/georgia-protests-presidential-palace-georgian-dream-tbilisi/ Santander hires former head of British Army (The Telegraph):https://www.telegraph.co.uk/business/2025/10/06/santander-hires-former-head-of-british-army/ BOOK NOW: 'UKRAINE: THE LATEST' LIVE, IN-PERSON:Join us for an in-person discussion and Q&A at the distinguished Honourable Artillery Company in London on 22nd October at 7pm.Our panel includes General Sir Richard Barrons, former head of UK Joint Forces Command and latterly one of the authors of Britain's Strategic Defence Review, and Orysia Lutsevych, head of the Ukraine Forum at the Chatham House think tank. Tickets are open to everybody and can be purchased at:https://www.squadup.com/events/ukraineliveThey are going fast, so don't delay!SIGN UP TO THE ‘UKRAINE: THE LATEST' WEEKLY NEWSLETTER:http://telegraph.co.uk/ukrainenewsletter Each week, Dom Nicholls and Francis Dearnley answer your questions, provide recommended reading, and give exclusive analysis and behind-the-scenes insights – plus maps of the frontlines and diagrams of weapons to complement our daily reporting. It's free for everyone, including non-subscribers.Subscribe: telegraph.co.uk/ukrainethelatestEmail: ukrainepod@telegraph.co.uk Hosted on Acast. See acast.com/privacy for more information.
In this episode of the Level Up Claims Podcast, Galen Hair hosts Keld Jensen, a global negotiation expert and author of “The Smart Negotiator.” They discuss AI's transformative role in modern deal-making, blending intuition with data, and unlocking the untapped potential in negotiations. Essential listening for anyone in business wanting to sharpen their negotiation skills and leverage AI effectively. Highlights Negotiation game analogy. Jensen's career-changing moment. AI's role in modern negotiations. AI-enhanced negotiation simulations. Asymmetric value in negotiations. Discussing the negotiation process. Negotiation strategy's importance. Caution: AI is not a shortcut. Using AI during live negotiations. Checking AI-generated information. Importance of listening in negotiations. Episode Resources Connect with Galen M. Hair https://insuranceclaimhq.com hair@hairshunnarah.com https://levelupclaim.com/
Vlad Tenev, CEO of Robinhood joins Cem Karsan at the Hood Summit in Las Vegas, for a timely conversation about the shifting edge in markets. From memories of hyperinflation in Bulgaria to unlocking tools once reserved for institutions, Vlad outlines how Robinhood is positioning retail for a different kind of market regime. Futures, short selling, 24-hour options, AI-driven trade simulation, and embedded social features aren't just upgrades - they're signals. With market structure evolving and a historic wealth transfer underway, this episode captures a platform staking its claim on the next generation of capital allocators - and the volatility they'll inherit.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Episode TimeStamps: 01:27 - Introduction to Vlad Tenev05:11 - Big announcements from Robinhood09:15 - Tenev's favorite commodities12:13 - Lets talk about options!18:20 - How AI can benefit options trading21:56 - Short selling is coming to Robinhood25:44 - The path to making Robinhood more resilient28:02 - The great transfer of wealth31:17 - How Robinhood differentiates themselves from other platforms33:35 - Creating a broader army37:23 - What is Robinhood most excited for going forward?Copyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics
Clair Obscur: Expedition 33 is an incredible new game by French developers Sandfall Interactive, and it is AMAZING. This is not a light lift for you TTRPG folks who may want to emulate the game at the table, but that doesn't mean there isn't a LOT for you to mine for your own games without having to try and replicate this masterpiece. Take home notes: Asymmetric design is awesome, and each character feeling like they're doing something unique and totally different is a great way to keep things interesting while finding combos and letting people have an experience that matches their preferred style of game while at the same table. Flawed characters are better than "good ones," because flaws give your characters things to challenge, overcome, or fall into to make their triumph over a struggle that much better. Slow. Drip. Knowledge to pace decision making and draw parallels or crossroads for certain characters based on information learned about the wider world or story of your campaign. This makes conflict both external and internal to the characters and resonates more than just "wow that was a tough combat!" Monoco is the best, you won't convince me otherwise. Oh and good news, the team at Sandfall has already said that Expedition 33 is only one of the many stories they want to tell within the greater concept of Clair Obscur. THAT'S EXCITING! ----more---- Join the DMs After Dark Discord channel! I made a Ko-Fi if you feel absurdly generous and want to help cover podcast hosting costs & all the upkeep. I'm still working on whether I want to offer anything special over there or just give my extreme gratitude (maybe some stickers or something in the mail) to those who donate, but no pressure whatsoever :) Where to Follow Rene Plays Games: LinkTree | BlueSky | Threads | Instagram | Facebook | DMs After Dark Rene's Games: MECH | MECH Cities 2 | One Last Quest email: RenePlaysGamesPod@gmail.com Music in the Episode (in order of appearance): Music by Tunetank from Pixabay
In this episode of Excess Returns, we sit down with Sam Ro to revisit his widely read post “10 Stock Market Truths” and explore how each principle holds up in today's market. From the long game of investing to short-term risks, valuations, AI, and earnings, Sam shares a timeless framework for navigating markets and separating noise from signal.Topics covered:• Why the long game is undefeated• Short-term volatility and how to prepare for it• The myth of average returns• Asymmetric upside in markets and stocks• AI as both opportunity and risk• Earnings as the ultimate driver of stock prices• Why valuations don't predict the next year• The role of uncertainty and hidden risks• Turnover and evolution within the stock market• Why the stock market isn't the economyTimestamps:00:00 Average returns are misleading02:00 Introducing Sam Ro02:15 Truth #1: The long game is undefeated08:40 Truth #2: You can get smoked in the short term14:20 Do markets have a government backstop?18:00 Truth #3: The myth of average returns23:00 Truth #4: Asymmetric upside28:00 AI as macro and micro driver33:00 Truth #5: Earnings drive stock prices36:30 Truth #6: Valuations won't tell you much about next year51:40 Truth #7: There will always be something to worry about55:20 Truth #8: The destabilizing risks are the ones people aren't talking about01:05:00 Truth #9: There's a lot of turnover in markets01:11:00 Truth #10: The stock market isn't the economy01:20:00 Closing thoughts
Reacting to new music from Lunatic Soul, Gazpacho, Moron Police, JackTheJoker, Asymmetric Universe, and Leprous. Host: Roie Avin Panel: Vic Giol, Daniel Levy, Kyle Fagala
Rob Biederman has sat on both sides of the table — first as co-founder and CEO of Catalant Technologies, and now as managing partner at Asymmetric Capital Partners. In this candid conversation, he explains why so much of the conventional wisdom around startups is actually counterproductive. He breaks down why design partners don't equal traction, why headcount growth is a vanity metric, and why Silicon Valley should stop romanticizing failure. He also shares how Asymmetric evaluates founders, what investors really care about, and the simple test every startup should use to prove they're solving a real problem. If you're a founder chasing milestones that look good on a pitch deck but don't move the business forward, this episode of Fund/Build/Scale is a reality check you won't hear anywhere else. RUNTIME 43:43 EPISODE BREAKDOWN (2:46) “ We have a probably a couple points of differentiation with the broader market.” (4:46) “ Our happiest spot is kind of in the two-to-six million range for our first check.” (5:39) “ We want to get to know people probably a year or two before they're going to found so we can really see what they're about and really understand.” (7:20) “ I think we'd hire most of our founders as investors at our firm, if we had the chance.” (10:11) What makes a startup relevant, credible, or just differentiated? (11:32) An easy framework for self-auditing your startup idea. (13:09) “ I think our industry kind of worships at the altar of failure a little too much.” (15:08) “ We don't actually really love backing people directly from really big companies.” (17:00) Rob explains why design partners are a distraction, not a path to real traction. (21:23) “ If you're gonna get one career, why not spend it trying to trick the world into doing something differently?” (24:17) One metric founders love that does not predict success from an investor's perspective. (25:08) Inside Asymmetric Capital Partners' four-step pitch review process. (27:27) Why the best data rooms are simple: “they have no spin.” (29:46) Rob describes how his firm's advisor partner model works. (31:49) The first step in GTM: “ get to the bottom of why your customer is buying from you.” (35:18) At the start, tell investors “everything you haven't figured out” so you can start planning. (38:17) “ If you don't tell your doctor the truth, what can they do for you?” (41:02) What he would do differently if he were launching a startup today. LINKS Rob Biederman Asymmetric Capital Partners Asymmetric FAQs Catalant Technologies Democratizing Care: Announcing our Investment in Counsel Health EvolutionIQ Raises $21M Series A To Deliver AI Based Claims Guidance Across The Industry SUBSCRIBE
Angioedema – Recognition and Management in the ED Hosts: Maria Mulligan-Buckmiller, MD Brian Gilberti, MD https://media.blubrry.com/coreem/content.blubrry.com/coreem/Angioedema.mp3 Download Leave a Comment Tags: Airway Show Notes Definition & Pathophysiology Angioedema = localized swelling of mucous membranes and subcutaneous tissues due to increased vascular permeability. Triggers increased vascular permeability → fluid shifts into tissues. Etiologies Histamine-mediated (anaphylaxis) Associated with urticaria/hives, pruritus, and redness. Triggered by allergens (foods, insect stings, medications). Rapid onset (minutes to hours). Bradykinin-mediated Hereditary angioedema (HAE): C1 esterase inhibitor deficiency (autosomal dominant). Acquired angioedema: Associated with B-cell lymphoma, autoimmune disease, MGUS. Medication-induced: Most commonly ACE inhibitors; rarely ARBs. Typically lacks urticaria and itching. Gradual onset, can last days if untreated. Idiopathic angioedema Unknown cause; diagnosis of exclusion. Clinical Presentations Swelling Asymmetric, non-pitting, usually non-painful. May involve lips, tongue, face, extremities, GI tract. Respiratory compromise Upper airway swelling → stridor, dyspnea, sensation of throat closure. Airway obstruction is the most feared complication. Abdominal manifestations
We react to new music from BEAT, Karnivool, Asymmetric Universe, BTBAM, Arjen Lucassen, and Royal Sorrow Host: Roie Avin Panel: Vic and Jeremy
A preview of the podcast just posted on Substack at DAILYSTOCKPICK.SUBSTACK.COM 24 stocks that I have on my personal watch list, what the charts are saying and what price I'm looking at buying some of them. What's my top pick? What's yours? Here are the links to all the sales: SAVE ON TRENDSPIDER - GET THE ANNUAL SUBSCRIPTION TO GET MY 4 HOUR ALGORITHM
About ColeCole Wehrle is one of the most innovative minds in board game design today. Cole is a partner at Leder Games, but best-known as the creator of Root, the woodland war game that redefined asymmetric play. Cole's work reaches far beyond cute meeples and clever mechanics, with a background in history and a career in academia, Cole approaches game design as a way to explore systems of power, narrative ambiguity, and the complexity of human behavior. In this episode, Cole and I dive deep into the tension between control and chaos, discussing how historical research fuels good design, and why the best games ask players to grapple with uncomfortable truths. Whether you're designing your first prototype or searching for deeper meaning in your work, this conversation will challenge you to think differently about what games can do. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit justingarydesign.substack.com/subscribe
The weeks leading up to Pump.fun's ICO were contentious: accusations that it was extractive, debates over decentralization, and outrage over allocations. In the end, the company pulled off the third-largest ICO in crypto history, raising $600 million in 12 minutes. The day of, Solana barely flinched under the load, and onchain platforms like Hyperliquid and Raydium left CEXes looking outdated. In this episode of Unchained, Haseeb Qureshi of Dragonfly and Joe McCann of Asymmetric join Laura to break down: Whether this marks the return of ICOs The objections to the small ($10 million) airdrop to creators How Pump.fun's ambitions could reshape memecoins, and maybe Solana itself And why TikTok might not need to worry just yet Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Xapo Bank Ledn Haseeb Qureshi, Managing Partner of Dragonfly Joe McCann, Founder, CEO & CIO of Asymmetric Previous coverage on the ICO: Pump.fun's $1 Billion ICO Has Caused Controversy. Can It Succeed? Unchained: Pump.fun Becomes Third Largest ICO, Raises $600M in 12 Minutes PUMP Traders Make Big Options Bets on the Token Surging Past Its ICO Price Pump.fun Draws Backlash After Confirming PUMP ICO SolanaFloor's tweet on LetsBonk's stats The Block: Pump.fun makes first acquisition, purchases Solana-based copy-trading wallet tracker Kolscan Dune Analytics Twitter thread on the PUMP ICO stats Timestamps: