Town in Hudson County, New Jersey, United States
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2 episodes with secaucus
Lloyd Lindsay Young has a storied career in radio and television. He spent 10 years in radio starting in 1961, in mostly small markets like Butte, Montana, Tucson AZ, Bakersfield CA, and Salt Lake City Utah. He broke into television as a weatherperson at KIFI in Idaho Falls where he developed his signature "Helloooo Tucson"(or wherever) catchphrase. Next was WFIE in Evansville, Indiana and back to Idaho Falls. The general manager of KGO TV heard Lloyd while on vacation and hired him in San Francisco as the weekend weather guy before getting his big break at WOR TV in New York where he spent the next two decades as a very popular weatherman.
Lloyd Lindsay Young has a storied career in radio and television. He spent 10 years in radio starting in 1961, in mostly small markets like Butte, Montana, Tucson AZ, Bakersfield CA, and Salt Lake City Utah. He broke into television as a weatherperson at KIFI in Idaho Falls where he developed his signature "Helloooo Tucson"(or wherever) catchphrase. Next was WFIE in Evansville, Indiana and back to Idaho Falls. The general manager of KGO TV heard Lloyd while on vacation and hired him in San Francisco as the weekend weather guy before getting his big break at WOR TV in New York where he spent the next two decades as a very popular weatherman.
Elliott Shorr-Parks and Tornado Shapiro join the show to discuss the weather in Secaucus and if the eagles can handle the giants.
I'm excited to share with you the audio from my one-on-one panel with the incredible Ross Marquand (The Walking Dead, Avengers: Endgame), recorded live at Contropolis NJ! This year's event took place in Secaucus, NJ, the weekend of July 13th and 14th, 2024. Ross and I dive deep into his career, his passion for impressionism, his experiences in the Marvel Universe, and so much more. Don't miss this captivating conversation with one of the most talented actors in the industry!If you like what you hear, don't forget to subscribe and rate the show wherever you stream your podcasts.Like Wilhelm on Facebook at WilhelmPodcastFollow Wilhelm on Instagram: @WilhelmPodcastEmail Wilhelm or Send a Voicemail: feedback@wilhelmpodcast.com
Matt and Katie discuss a new stock exchange in Texas (and also New Jersey), Bill Ackman's multiple public offerings and what Roaring Kitty is up to.See omnystudio.com/listener for privacy information.
Some 5,000 people working across various sectors of the sports wagering and gaming industry in the U.S., Canada and countries around the planet will gather inside at the Meadowlands Exposition Center in Secaucus, NJ, next week for the annual SBC Summit North America. It's one of two major conferences organized this spring by SBC, which will co-host with the Canadian Gaming Association the June 18-20 Canadian Gaming Summit at the Metro Toronto Convention Center. Gambling industry veteran Sue Schneider, the VP of Growth and Strategy for SBC's North American business, was our guest on this edition of the Gaming News Canada Show. Schneider, who was inducted into the Sports Betting Hall of Fame during the 2022 North America summit, teed up next week's rendezvous in Secaucus, provided some helpful hints to first-time attendees and gave her perspective on the evolution of the SBC events, and the industry itself over a quarter of a century. We also asked what attendees of the Canadian Gaming Summit can expect next month in SBC's second year of co-hosting the conference. One of the most-passionate advocates for women working in the industry, Schneider also spoke about the progress that's been made, including the creation of companies such as Ontario-regulated online gaming business Betty, and Betting Ladies, and the need to continue those efforts. She also weighed in on the current state of the gambling industry in the U.S. Hosted on Acast. See acast.com/privacy for more information.
I've been promising it for a few weeks and it's finally here... audio from my panel with the delightful Kristy Swanson (Buffy the Vampire Slayer). This panel happened and audio captured from Contropolis NJ that happened in Secaucus, NJ the weekend of July 8th and 9th 2023. Make sure to visit contropolisnj.com to check out all of this year's announced guests and get your tickets.If you like what you hear, don't forget to subscribe and rate the show wherever you stream your podcasts.Like Wilhelm on Facebook at WilhelmPodcastFollow Wilhelm on Instagram: @WilhelmPodcastEmail Wilhelm or Send a Voicemail: feedback@wilhelmpodcast.com
Kevin Ellis finishes his conversation from the first hour with political strategist Joanna Grossman. Then, Seven Days political reporter Kevin McCallum tells us about his recent story: Dick Mazza Steps Down From Vermont Senate.And then, Kevin is joined by film historian Rick Winston and cast members to discuss the 45th anniversary of the seminal film Return of the Secaucus 7, showing at the Savoy Theatre on Monday.
The WPSPJ Podcast tours the MLB Network studios with supervising producer Haley Costello. Hosts Ryan Cormier and Matt Wondoloski discuss opportunities for entry-level jobs and career progression at the network's hub in Secaucus. This episode was edited by Terri Coppola.Please rate, review, and subscribe!
Brigitte Quinn has the afternoon's top local stories from the WCBS newsroom.
In a strategic maneuver, Texas is transporting migrants to New Jersey as a workaround to New York City's strict bus regulations, implemented by Mayor Eric Adams. This tactic involves dropping asylum seekers at New Jersey train stations, who then travel to New York City. This move comes in response to Mayor Adams' executive order requiring bus companies to provide advance notice and restrict drop-off times and locations in New York City. The order, aimed at managing migrant arrivals and ensuring safety, has led to indirect routes via New Jersey, highlighting a significant loophole. New Jersey cities like Secaucus have become unintended transit hubs, raising concerns about resource allocation and safety in these areas. The situation illustrates the ongoing challenges and complexities surrounding immigration policies, state coordination, and the impact on local communities. --- Send in a voice message: https://podcasters.spotify.com/pod/show/darien-dunstan3/message
Welcome to The B-Side, from The Film Stage. Here we talk about movie directors! Not the movies that made them famous or kept them famous, but the ones that they made in between. Today we're honored to chat with iconic director John Sayles, whose essential crime epic Lone Star is now available from The Criterion Collection in both 4K UHD + Blu-ray. Our B-Sides today include Limbo, Amigo, and Go For Sisters. We also discuss Sayles' parallel careers as a screenwriter and a novelist. He talks about the work he did on the Toshirô Mifune/Scott Glenn actioner The Challenge (director John Frankenheimer asking him to write new draft over a weekend before an impending strike); he discusses what he learned working for Roger Corman early in his career; which genre he's still itching to direct; his love of the recent Godzilla Minus One; and the slew of scripts that never got made. Other Sayles movies to seek out (really it's all of them) include: The Secret of Roan Inish, Passion Fish, Eight Men Out, City of Hope, The Brother from Another Planet, Return of the Secaucus 7, and Men with Guns. Other mentions include the 1939 Philippine–American War film The Real Glory, La fine della notte from 1989 (the first Italian film with sync sound, which Sayles acted in!), and his recent novel Jamie MacGillivray. There's also his wonderful 2020 fracking novel Yellow Earth. Be sure to give us a follow on Twitter and Facebook at @TFSBSide. Also enter our giveaways, get access to our private Slack channel, and support new episodes by becoming a Patreon contributor.
Migrants being dropped at Secaucus train station b/c of new NYC restrictions.
WOR's Natalie Migliore gets reaction to migrants being dropped off at the Secaucus train station.
This episode is a loving tribute to the iconic, wild west television station many of us grew up with: Channel 9. If you were in the New York media market, you were exposed to the weirdness of this TV station, much of which originated out of Secaucus, NJ. In this episode we discuss the station, PLUS Mike D tracked down a daily schedule of Channel 9 that allows us to say what we would do if given a chance to relaunch the network: what would stay, what would go, and what would be adjusted for modern times. Get bonus content on Patreon Hosted on Acast. See acast.com/privacy for more information.
Chewy's Back and he's mad and old about current NFL Football, and really just because he was wrong. Jaire Alexander is OUT this week, for the 5th consecutive week. Should Packers fans be bothered? What's the best time for Packers games?
Lauren Cherkas, president and chief sales officer of Artistic Tile, recently sat down with Stone World editorial director Jennifer Richinelli to discuss the company's devotion to offering top-quality products to its customers, as well as its commitment to promoting the benefits of natural stone in design. Initially started as a retail outlet in Tenafly, NJ, Artistic Tile has expanded to nine locations across the U.S., as well its slab gallery, warehouse and distribution center in Secaucus, NJ.
“Be as specific as humanly possible. Don't tell someone that you want to be a trader. Tell them that you want to be the oil and gas exploration, large cap, single name, U.S. equity derivatives trader because then, the one time a year that position comes up, people remember…” In this episode we discuss… Being there for your inner child Creating positive work experiences Being specific with your work How to start producing Fortress Productions and Production Resource Group Alex joined Production Resource Group (PRG) in early 2018 to help expand PRG's international presence in TV and Film before transitioning to PRG's Broadway division in 2020, where he manages the lighting, audio, and video teams from Secaucus, NY. Under Alex's lead, PRG's brilliant team of creative visionaries and technologists are truly the masterminds behind the immersive visual experiences that transport Broadway's audiences to new worlds. Their technological developments have also helped to revolutionize theatrical productions, continuing to create an even more engaging experience at each show, including shows such as Phantom of the Opera, Some Like it Hot, Lion King, & Juliet, Take Me Out, and many more. Alex also owns and manages Fortress Productions, a live events and theatrical production company, and was Founding Executive Director of the Corkscrew Theater Festival, a multi-venue theatrical non-profit in New York City. Learn more about your ad choices. Visit megaphone.fm/adchoices
WE WON THE LOTTERY! The Blackhawks Insider Podcast is taking a break from its post-season hiatus to celebrate the drawings of the Draft Lottery. Our guest, Hockey Insider Frank Seravalli, was sequestered in the NHL Network studios in Secaucus, NJ to watch the draft lottery process behind the scenes. He debunks the conspiracy theories that the NHL is #rigged. Frank also discusses Kyle Davidson's good luck charm going into Monday night. Enjoy! Go Hawks!
Let's gooooo! Sean finally saw both Godfather's! He gives his reviews! Also we hit on some of the hottest hitters in the league that should be talked about more than they are. Also, the Stolen Bases is definitely BACK in the Big Leagues and we love it. Finally, we break down how much money ball players pay for their suits and Chinch outs Sean for he and Barry Larkin cheeping out on their suits at a shady Warehouse in Secaucus, NJ after joining MLB Network! Youtube Broadcast: https://youtu.be/824hNQ-tw94 See omnystudio.com/listener for privacy information.
Beneath the Sea scuba show made its return after a four year hiatus in Secaucus, NJ on March 25 and 26. The show brought together divers from around the northeast. The show featured training agencies, dive equipment providers and dive travel opportunities. A bill was recently introduced in the Florida house to ban the release of balloons. If passed it would eliminate the release of all balloons and restrict the release of those labeled eco-friendly as well. The most recent PADI Club Speakers series featured Tec Clark. The speakers series is a benefit that is only available to PADI Club members. If you need another reason to be a DAN member and purchase their accident insurance, check out the DAN Was There for Me article in Divers Alert Network. The REEF Act (Reusing Equipment for Environmental Fortification) is a bi-partisan bill introduced to direct the Secretary of the Navy to notify Congress of pending retirements of any naval vessel that is a viable candidates for artificial reefing. There is also a companion bill in the Senate. Commentary - Here in the northeast we tout the value of diving a drysuit. We take time to educate our customers on the different aspect of a drysuit. It is a significant investment for our clients both financially and in time and training. It takes time for them to commit and then once they commit we are facing significant lead time on delivery. These lead times could be as long as 18 weeks. Listen for my perspective Sea Hunt It's Still Alive reviews an episode from season 2 - The Persuaders. In this episode Mike is forced to work for two "business men" who are really narcotics dealers. They need Mike to dive and retrieve a canister of drugs worth half a million dollars. Mike is in a no win situation. He decides to destroy the narcotics and try to out fox the business men.
The Boston Sea Rovers are transitioning back to the traditional March timeframe for their show. 2023 is the transition year and will be a one-night only film festival at the New England Aquarium on March 18, 2023. The 70th annual Boston Sea Rovers clinic is planned for March 2024 in Danvers, MA. Beneath the Sea is making its return after four years. The show is being held at the Meadowlands Exposition Center in Secaucus, New Jersey on March 25 and 26, 2023. Oceana's National Business Coalition for the Ocean is a group of like-minded businesses that promote Oceana's programs with sign-on letters, petitions and other initiatives. When did you last change your dive computer battery. If you don't know then maybe it's time to get that battery replaced, especially if you are headed out on a dive trip. Find out more about our recent trip to Bonaire where we stayed at Divi Flamingo Resort and did our diving with Divi Divers. The resort is strategically located and you can walk to town for dinner or shopping. The resort also has two restaurants - Chibi Chibi and Pureocean. The rooms are clean and comfortable. Divi Divers run several different boats and get you to the Bonaire and Klein Bonaire dive sites quickly. Water temperature in late February and early March was a consistent 79 degrees Fahrenheit or 26 degrees Celsius. Visibility was consistently 80 to 100 feet. With seahorses on five dives, octopus, frogfish and more, you'll encounter a lot of small reef fish and creatures.
Instagram, Facebook, Twitter, LinkedIn – oh my! For better or worse, social media plays a large role in the modern work world. Can what you post influence hiring decisions? Should you leverage social media as a marketing tool?In this episode, Mary and Chris answer questions about showing up on social media (and the positive and negative implications of it…)Having Second Thoughts in Secaucus just interviewed the most amazing job candidate for a top spot in a sales department. After doing some due diligence, he discovered some appalling social media posts that he doesn't agree with. This candidate is a perfect fit for the job but he can't unsee the content they've created. Is this a valid reason not to hire someone?Make Me Famous in Memphis is a junior partner in a mid-sized law firm and hopes to make partner in the next two years. Their mentor recommended that they “pump up” their thought leadership to build a bigger book of work. They feel overwhelmed by this and have no idea where to even begin. Help! Fight Club in Phoenix has seen a few of their employees having a knock-down-drag-out spat on social media. They are both popular and influential in the workplace. Is she wrong to be concerned about this? Does this warrant a conversation? How can she handle this without bringing what's happening on the internet into the office?We're here to help you succeed! Send us your workplace dilemmas or career questions. Email us: info@cubicleconfidential.com or tweet us: @cubicleconfide1. All names will be changed to protect the guilty and innocent...#careeradvice #socialmedia #leadershipdevelopmentThanks for listening! Connect with us on LinkedIn or Twitter!
Today's guest is Tyler Mathews! Tyler recently finished top 16 at the Orlando and Arlington Regional Championships, as well as top 64 at LAIC, all with Lost Box Rayquaza. He also has day 2 finishes at Baltimore, Secaucus, and NAIC 2022. In addition, Tyler has had a great deal of online success playing and innovating in the Gym Leader Challenge format. This episode, Tyler tells us his history of playing different card games, how he ended up as a successful player in multiple Pokemon TCG formats, and his brief foray as a Pokemon VGC competitor. ----------------- Tyler's Twitter - https://twitter.com/urtzuub Podcast Twitter - https://twitter.com/MemCapPodcast Host Twitter - https://twitter.com/RZGladysz
Z100's Claire Stevens from the original Zmorning Zoo with Scott Shannon drops by the backyard to chat about the WORST to FIRST documentary...the true story of Z100! We talk with Claire about her glory days as a morning news anchor co host with Scott Shannon on this legendary New York radio station! The original Z100 studios were out in Secaucus, New Jersey and the transmitter was at the top of the Empire State Building! Tune in to hear some great stories about Claire's time working with Scott and the crew on this legendary flamethrower!
Tanya Hansen has the top stories from the WCBS newsroom, including the New York Giants winning the playoffs for the first time in a decade, a deadly fire in Secaucus, and Mayor Adams visits the Southern Border in hopes of finding a solution to the migrant crisis.
Tanya Hansen has the top stories from the WCBS newsroom.
Gianna Marie Rahmani, often referred to as "G”, is known first and foremost for her passionate love for, and devotion to, her husband, Farhad, and two boys, Nikolas and Dominik. G is the type of person you want in your corner, as she would do anything in her power to help those in need. A Filipino-American, G immigrated to the US in 1990, when she was seven years old. She grew up in Secaucus, NJ and Ellicott City, MD, eventually moving to El Sobrante, CA where she met Farhad. There, G also started her career in property management, throughout which she would often write industry-related articles for blogs and magazines. In school and in business, G has earned the respect of her peers for her amiability, positivity, maturity, versatility, creativity, and ingenuity, resulting in accolades such as Unsung Hero, Scholar Athlete, Homecoming Queen, Rising Star, and Manager of the Year. She helped lead teams in winning seasons, smashing goals, earning awards, and reaching #1 rankings. Regardless of the endeavor, G is always on the fast track to the top as team captain, director, committee chair, or board president. As a mentor or keynote speaker, G is always looking for ways to inspire and motivate through her words and by example. Given her proven track record, it's no surprise that G retired at 39 from a highly successful 20-year career, now focusing on her and her husband's businesses and investments from warm and sunny Florida. It's no further surprise that G is pursuing her passion for writing to help others have happy and fulfilling lives and relationships. As an author, G is carrying out her personal mission to deliver a message of love through every word she speaks (or writes) and action she takes, reflective of her favorite F words – Family, Fun, Faith, Fitness, Food, Finances, Freedom, and Fulfillment. She is the other half of F&G – Farhad and Gianna. It's rare to see a couple that is as close to each other as they are. F&G do everything together and are partners in every sense of the word, from being best friends and gym buddies, to being parents of two amazing boys and co-founders of several businesses. Together, F&G hustle to The Honeymoon Life – what they've characterized as a life focused on love and adventure, and one that you don't need a vacation from. They don't shy away from taking risks and making bold moves, as long as they have a plan, have faith, and do it together. And they want to inspire others to do the same. As entrepreneurs and investors, they are the founders of Day Hustle™️ and are recognized as the original angel employers™️, helping employees to unlock their golden handcuffs of so-called job “security” and to get on the fast track to financial freedom. --- Send in a voice message: https://anchor.fm/yourpodcaster/message Support this podcast: https://anchor.fm/yourpodcaster/support
One of the greatest voices of all time, Whitney Houston was born into a musical family, from her beginnings singing in the church choir, to helping her mom Cissy with backup tracks, being discovered by Clive Davis, in this episode we'll be exploring the life and career of Whitney Houston, as well as her relationships with fame, the media, and her husband Bobby Brown. Finally, we'll get into the years leading up to Whitney's untimely death, and the eerie similarities when her only child, daughter Bobbi Kristina, passes away just a few years later. sources: Ammons, Nancy (1998). Good Girl, Bad Girl: An Insider's Biography of Whitney Houston. Secaucus, NJ: Carol Publ. Group Bowman, Jeffery (1995). Diva: The Totally Unauthorized Biography of Whitney Houston. New York: Harper. Dansby, Andrew (June 7, 2000). "Whitney Insider Tells of Drug Use, Failed Intervention". Rolling Stone. DeCurtis, Anthony (June 10, 1993). "Whitney Houston: Down and Dirty". Rolling Stone Wilson, Julee (February 13, 2012). "Whitney Houston Graces Cover Of Seventeen Magazine, November 1981 (PHOTO)". HuffPost. Bobbi Kristina Brown Passes Away Months After Being Found Unconscious ABC News Bobbi Kristina's Last Day with Her Mother Oprah's Next Chapter, Oprah Winfrey Network (2012) 'Sparkle,' Whitney Houston's Final Bow ABC News, 2012 Whitney Houston's Best Friend Breaks Her Silence (Video) Today, 2019, YouTube, https://www.youtube.com/watch?v=rBwT63NXGQA "Fears for Whitney Houston Grow". TCM Breaking News. September 11, 2001 "Whitney Scores As Producer and Star". Ebony, (November 1997) Whitney Houston Dies at 48 ABC NEWS (February, 2012) "Whitney Houston World Tour '99 Becomes Europe's Highest Grossing Arena Tour of the Year". AllBusiness.com. (October 19, 1999) "Whitney Houston biography". Rolling Stone. (2012) Winfrey, Oprah (September 2009). "Remembering Whitney: The Oprah Winfrey Interview" (video). Oprah Winfrey Network. Zeitchik, Steven Whitney Houston, ‘The Bodyguard' and beyond: her career in film Los Angeles Times, 2012, https://www.latimes.com/archives/blogs/24-frames/story/2012-02-12/whitney-houston-the-bodyguard-and-beyond-her-career-in-film Whitney Houston 2002 Diane Sawyer ABC News Interview (video) ABC News, YouTube, https://www.youtube.com/watch?v=8nzV5UL4CjA&t=42s Clive Davis discovers Whitney Houston at a New York City lounge (video) ABC NEWS. https://www.youtube.com/watch?v=Dn1bmIhqljU Today in History: 1967 Newark riots begin (video) WUSA9 News, YouTube, https://www.youtube.com/watch?v=A0ncqB0oeMQ Being Bobby Brown, 2005 (Reality Television Series). Bravo TV Whitney Houston Reminisces About 80s Music on MTV (2001 interview). MTV, 2001 --- Send in a voice message: https://anchor.fm/broadsnextdoor/message Support this podcast: https://anchor.fm/broadsnextdoor/supportThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5803223/advertisement
Welcome to our LDI special. In our LDI series we will be speaking to some of the people who will be speaking or exhibiting at this year's LDI show running from November 14 - 20 at the Las Vegas Convention centre. Today our guest is Alexander Donnelly, the VP and General Manager - Broadway at PRG. Alex joined PRG in early 2018 as the Director of Corporate Development where he advised on a number of strategic M&A transactions that expanded PRG's international presence in TV and Film, most notably with the acquisition of VER. He transitioned to the Broadway division in 2020 and now manages the lighting, audio and video teams in Secaucus, NY. Outside of PRG, he owns and manages Fortress Productions and was the Founding Executive Director of the Corkscrew Theater Festival, a multi-venue theatrical non-profit in New York City. He received his Bachelor of Arts from Columbia University and worked at Bank of America and Natixis prior to joining PRG. We want to hear from YOU and provide a forum where you can put in requests for future episodes. What are you interested in listening to? Please fill out the form for future guest suggestions here and if you have suggestions or requests for future themes and topics, let us know here! @theatreartlife Thanks to David Zieher who composed our music.
3:02:52 – Frank in NJ and NYC, plus the Other Side. Topics include: Lost song “Raucous in Secaucus”, Bob Grant, Election Day, search engines, The Exit Ramp, apologies to Doc, Weird: The Al Yankovic Story (2022), I Go Pogo, Phunpike Symphonette, Flea Devil Solitaire update (free Zonk Out, Aces as Royalties), Magic: The Gathering Unfinity 3-Booster Draft […]
3:02:52 – Frank in NJ and NYC, plus the Other Side. Topics include: Lost song “Raucous in Secaucus”, Bob Grant, Election Day, search engines, The Exit Ramp, apologies to Doc, Weird: The Al Yankovic Story (2022), I Go Pogo, Phunpike Symphonette, Flea Devil Solitaire update (free Zonk Out, Aces as Royalties), Magic: The Gathering Unfinity 3-Booster Draft […]
Starting with Ariana in the electronics department at Store 1737 in Villa Park, Illinois, getting a shoutout from AJ, this week was electric! Mario from Store 1643 in Fond Du Lac, Wisconsin, shared his positive energy when he sent kudos to his entire store as they were prepping for inventory. Jessica from Store 5725 in Tucson, Arizona, brightened up the airwaves when she applauded all her fellow associates, especially Mike, their new Store Manager. Kaitlyn from Store 3520 in Secaucus, New Jersey, de-lighted us as this week's featured star in You Glow Girl! Watts even more amazing is that we celebrated some powerful anniversaries in Milestone Minute. Congratulations to Margaret at Store 1406 in Winchester, Virginia, and Joan at Store 1638 in Eufaula, Alabama, on 25 amazing years with the company. Get charged up and tune in now to hear more electric highlights!
The bell just rang for period one, and that means it's time for another episode of THE STORY SONG PODCAST. Join your hosts as they review the 2003 alternative rock song, “Hackensack,” by Fountains of Wayne. Get back to Hackensack (you'll take the PATH and transfer to Jersey Transit at Secaucus) and learn every fun fact about the city of Hackensack, which we think was named after the song. And if you ever get back to Hackensack, THE STORY SONG PODCAST will be here for you.Continue the conversation; follow THE STORY SONG PODCAST on social media. Follow us on Twitter (@Story_Song), Instagram (storysongpodcast), and Facebook (thestorysongpodcast).THE STORY SONG PODCAST is a member of the Pantheon Podcast Network.“Hackensack” by Fountains of Wayne (from the album Welcome Interstate Managers) is available on Apple Music, YouTube Music, Amazon Music, Tidal, Deezer, Pandora, Spotify, or wherever you listen to music.
Jordan has on Firespitter, performer and all around interesting dude Needlez (@Needlez_The_Vaudevillain). He talks about his origins, safety, psychedelics, music, human pin cushions, Bizarro, Hoop Mistresses, Pennsylvania and much more. Catch him eating spicy peppers September 25th in Secaucus, NJ. Catch him around NJ spitting fire. He literally ate spicy peppers, spits fire and raps (spits fire). https://www.instagram.com/needlez_the_vaudevillain/ https://m.facebook.com/profile.php?id=100064230813900&fref=tag&_rdr A Late Night Hump Production in conjunction with LNH Studios. I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 25 million members worldwide. To claim your Pi, follow this link https://minepi.com/jfreeeze and use my username (jfreeeze) as your invitation code. Free Crypto https://r.honeygain.me/JORFRFD773Definitely an app worth checking out. Lets you earn crypto free! https://coin.onelink.me/ePJg/9e29869acoinbase.com/join/fried_1w_ Tune in for unbiased and scrubbed news stories brought to you by Jordan Fried (@jfreeeze), Reena Ezra (@reenaezrahere) and Brendan O'Brien (@brendanohbrien) of Late Night Hump (@latenighthump). Other podcasts are found at lnhstudios.com/podcasts In early 2019, Reena Ezra, Brendan O'Brien and Jordan Fried met performing comedy in Suffern, NY. They realized they had a passion for comedy writing and decided to put on their Circuit Break Comedy Variety Show. After the success of that show, they looked for a new venue to put on a Wednesday night comedy show. The working title for the show that never was was Late Night Hump, and although the show never happened in its original form, Reena, Brendan and Jordan have been creating and producing together under the moniker @latenighthump ever since. Reena Ezra (@ReenaEzraHere) Reena Ezra is a performer, writer, and producer from Mahwah, NJ. She studied Biology at the New Jersey Institute of Technology where she was a member of The Improv Technicians. She performed at the Del Close Marathon, Steel Stacks Improv Festival, the Hartford Improv Festival, Muchmore's, Montclair Film, Just Jake's, and Rhino Comedy, where she was a founding member of another improv troupe called The Hammerheads. She is also a co-founder of a video and comedy production company called LNH Studios. She currently produces and writes sketch comedy as well as the live, variety show, Circuit Break. Jordan Fried (@JFreeeze) Jordan Fried is a comedian and filmmaker from Warwick, NY. He studied Digital Media Production and English at Tulane University, where he was a member of Cat Mafia Comedy. He's performed at Rhino Comedy, Eastville Comedy Club, Hell Yes Fest, Binghamton Comedy and Arts Festival, New Orleans Comedy and Arts Festival and Northern Virginia Comedy Festival. He produces the comedy variety show, Circuit Break; Late Night Hump at NJ Weedman's Joint; and he is a founding member of the improv troupes, Duly Noted and The Mutts. Portfolio Here Brendan O'Brien (@BrendanOhBrien) Brendan O'Brien is a writer, comedian, filmmaker and improv teacher from Warwick, NY. He received his B.A. in Screenwriting from Brooklyn College. He has over 9 years of improv experience having previously performed with the Rockland-based improv troupe "The Plan B Players". He is a founding member of The Rhinos improv troupe and Duly Noted musical improv troupe. He designed and taught the improv curriculum at Rhino Comedy. He is a writer and producer for Late Night Hump and the Circuit Break Variety Show. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/sessionswithmaryjane/message
I flew to the Bahamas to interview Sam Bankman-Fried, the CEO of FTX! He talks about FTX’s plan to infiltrate traditional finance, giving $100m this year to AI + pandemic risk, scaling slowly + hiring A-players, and much more.Watch on YouTube, or listen on Spotify, Apple Podcasts, or any other podcast platform. Read the full transcript here. Follow me on Twitter for updates on future episodes.Timestamps(00:18) - How inefficient is the world?(01:11) - Choosing a career(04:15) - The difficulty of being a founder(06:21) - Is effective altruism too narrowminded?(09:57) - Political giving(12:55) - FTX Future Fund(16:41) - Adverse selection in philanthropy(18:06) - Correlation between different causes(22:15) - Great founders do difficult things(25:51) - Pitcher fatigue and the importance of focus(28:30) - How SBF identifies talent(31:09) - Why scaling too fast kills companies(33:51) - The future of crypto(35:46) - Risk, efficiency, and human discretion in derivatives(41:00) - Jane Street vs FTX(41:56) - Conflict of interest between broker and exchange(42:59) - Bahamas and Charter Cities(43:47) - SBF’s RAM-skewed mindUnfortunately, audio quality abruptly drops from 17:50-19:15TranscriptDwarkesh Patel 0:09Today on The Lunar Science Society Podcast, I have the pleasure of interviewing Sam Bankman-Fried, CEO of FTX. Thanks for coming on The Lunar Society.Sam Bankman-Fried 0:17Thanks for having me.How inefficient is the world?Dwarkesh Patel 0:18Alright, first question. Does the consecutive success of FTX and Alameda suggest to you that the world has all kinds of low-hanging opportunities? Or was that a property of the inefficiencies of crypto markets at one particular point in history?Sam Bankman-Fried 0:31I think it's more of the former, there are just a lot of inefficiencies.Dwarkesh Patel 0:35So then another part of the question is: if you had to restart earning to give again, what are the odds you become a billionaire, but you can't do it in crypto?Sam Bankman-Fried 0:42I think they're pretty decent. A lot of it depends on what I ended up choosing and how aggressive I end up deciding to be. There were a lot of safe and secure career paths before me that definitely would not have ended there. But if I dedicated myself to starting up some businesses, there would have been a pretty decent chance of it.Choosing a careerDwarkesh Patel 1:11So that leads to the next question—which is that you've cited Will MacAskill's lunch with you while you were at MIT as being very important in deciding your career. He suggested you earn-to-give by going to a quant firm like Jane Street. In retrospect, given the success you've had as a founder, was that maybe bad advice? And maybe you should’ve been advised to start a startup or nonprofit?Sam Bankman-Fried 1:31I don't think it was literally the best possible advice because this was in 2012. Starting a crypto exchange then would have been…. I think it was definitely helpful advice. Relative to not having gotten advice at all, I think it helps quite a bit.Dwarkesh Patel 1:50Right. But then there's a broader question: are people like you who could become founders advised to take lower variance, lower risk careers that in, expected value, are less valuable?Sam Bankman-Fried 2:02Yeah, I think that's probably true. I think people are advised too strongly to go down safe career paths. But I think it's worth noting that there's a big difference between what makes sense altruistically and personally for this. To the extent you're just thinking of personal criteria, that's going to argue heavily in favor of a safer career path because you have much more quickly declining marginal utility of money than the world does. So, this kind of path is specifically for altruistically-minded people.The other thing is that when you think about advising people, I think people will often try and reference career advice that others got. “What were some of these outward-facing factors of success that you can see?” But often the answer has something to do with them and their family, friends, or something much more personal. When we talk with people about their careers, personal considerations and the advice of people close to them weigh very heavily on the decisions they end up making.Dwarkesh Patel 3:17I didn't realize that the personal considerations were as important in your case as the advice you got.Sam Bankman-Fried 3:24Oh, I don’t think in my case. But, it is true with many people that I talked to.Dwarkesh Patel 3:29Speaking of declining marginal consumption, I'm wondering if you think the implication of this is that over the long term, all the richest people in the world will be utilitarian philanthropists because they don't have diminishing returns of consumption. They’re risk-neutral.Sam Bankman-Fried 3:40I wouldn't say all will, but I think there probably is something in that direction. People who are looking at how they can help the world are going to end up being disproportionately represented amongst the most and maybe least successful.The difficulty of being a founderDwarkesh Patel 3:54Alright, let’s talk about Effective Altruism. So in your interview with Tyler Cowen, you were asked, “What constrains the number of altruistically minded projects?” And you answered, “Probably someone who can start something.”Now, is this a property of the world in general? Or is this a property of EAs? And if it's about EAs, then is there something about the movement that drives away people who took could take leadership roles?Sam Bankman-Fried 4:15Oh, I think it's just the world in general. Even if you ignore altruistic projects and just look at profit-minded ones, we have lots of ideas for businesses that we think would probably do well, if they were run well, that we'd be excited to fund. And the missing ingredient quite frequently for them is the right person or team to take the lead on it. In general, starting something is brutal. It's brutal being a founder, and it requires a somewhat specific but extensive list of skills. Those things end up making it high in demand.Dwarkesh Patel 4:56What would it take to get more of those kinds of people to go into EA?Sam Bankman-Fried 4:59Part of it is probably just talking with them about, “Have you thought about what you can do for the world? Have you thought about how you can have an impact on the world? Have you thought about how you can maximize your impact on the world?” Many people would be excited about thinking critically and ambitiously about how they can help the world. So I think honestly, just engagement is one piece of this. And then even within people who are altruistically minded and thinking about what it would take for them to be founders, there are still things that you can do.Some of this is about empowering people and some of this is about normalizing the fact that when you start something, it might fail—and that's okay. Most startups and especially very early-stage startups should not be trying to maximize the chances of having at least a little bit of success. But that means you have to be okay with the personal fallout of failing and that we have to build a community that is okay with that. I don't think we have that right now, I think very few communities do.Is effective altruism too narrowminded?Dwarkesh Patel 6:21Now, there are many good objections to utilitarianism, as you know. You said yourself that we don't have a good account of infinite ethics—should we attribute substantial weight to the probability that utilitarianism is wrong? And how do you hedge for this moral uncertainty in your giving?Sam Bankman-Fried 6:35So I don't think it has a super large impact on my giving. Partially, because you'd need to have a concrete proposal for what else you would do that would be different actions-wise—and I don't know that that I've been compelled by many of those. I do think that there are a lot of things we don't understand right now. And one thing that you pointed to is infinite ethics. Another thing is that (I'm not sure this is moral uncertainty, this might be physical uncertainty) there are a lot of sort of chains of reasoning people will go down that are somewhat contingent on our current understanding of the universe—which might not be right. And if you look at expected-value outcomes, might not be right.Say what you will about the size of the universe and what that implies, but some of the same people make arguments based on how big the universe is and also think the simulation hypothesis has decent probability. Very few people chain through, “What would that imply?” I don't think it's clear what any of this implies. If I had to say, “How have these considerations changed my thoughts on what to do?”The honest answer is that they have changed it a little bit. And the direction that they pointed me in is things with moderately more robust impact. And what I mean by that is, I'm sure one way that you can calculate the expected value of an action is, “Here's what's going to happen. Here are the two outcomes, and here are the probabilities of them.” Another thing you can do is say - it's a little bit more hand-wavy - but, “How much better is this going to make the world? How much does it matter if the world is better in generic diffuse ways?” Typically, EA has been pretty skeptical of that second line of reasoning—and I think correctly. When you see that deployed, it's nonsense. Usually, when people are pretty hard to nail down on the specific reasoning of why they think that something might be good, it’s because they haven't thought that hard about it or don't want to think that hard about it. The much better analyzed and vetted pathways are the ones we should be paying attention to.That being said, I do think that sometimes EA gets too narrow-minded and specific about plotting out courses of impact. And this is one of the reasons why that people end up fixating on one particular understanding of the universe, of ethics, of how things are going to progress. But, all of these things have some amount of uncertainty in them. And when you jostle them, some theories of impact behave somewhat robustly and some of them completely fall apart. I’ve become a bit more sympathetic to ones that are a little robust under thoughts about what the world ends up looking like.Political givingDwarkesh Patel 9:57In the May 2022 Oregon Congressional Election, you gave 12 million dollars to Carrick Flynn, whose campaign was ultimately unsuccessful. How have you updated your beliefs about the efficacy of political giving in the aftermath?Sam Bankman-Fried 10:12It was the first time that I gave on that scale in a race. And I did it because he was, of all the candidates in the cycle, the most outspoken on the need for more pandemic preparedness and prevention. He lost—such is life. In the end, there are some updates on the efficacy of various things. But, I never thought that the odds were extremely high that he was going to win. It was always going to be an uncertain close race. There's a limit to how much you can update from a one-time occurrence. If you thought the odds were 50-50, and it turns out to be close in one direction or another, there's a maximum of a factor-of-two update that you have on that. There were a bunch of sort of micro-updates on specific factors of the race, but on a high level, it didn’t change my perspective on policy that much.Dwarkesh Patel 11:23But does it make you think there are diminishing or possibly negative marginal returns from one donor giving to a candidate? Because of the negative PR?Sam Bankman-Fried 11:30At some point, I think that's probably true.Dwarkesh Patel 11:33Continuing on the theme of politics, when is it more effective to give the marginal million dollars to a political campaign or institution to make some change at the government level (like putting in early detection)? Or when is it more effective to fund it yourself?Sam Bankman-Fried 11:47It's a good question. It's not necessarily mutually exclusive. One thing worth looking at is the scale of the things that need to happen. How much are things like international cooperation important for it? When you look at pandemic prevention, we're talking tens of billions of dollars of scale necessary to start putting this infrastructure in place. So it's a pretty big scale thing—which is hard to fund to that level individually. It’s also something where we’re going to need to have cooperation between different countries on, for example, what their surveillance for new pathogens looks like. And vaccine distribution If some countries have a great distribution of vaccines and others don't, that's not good. It's both not fair and not equitable for the countries that get hit hardest. But also, in a global pandemic, it's going to spread. You need global coverage. That's another reason that government has to be involved, at least to some extent, in the efforts.FTX Future FundDwarkesh Patel 12:55Let's talk about Future Fund. As you know, there are already many existing Effective Altruist organizations that do donations. What is the reason you thought there was more value in creating a new one? What's your edge?Sam Bankman-Fried 13:06 There's value in having multiple organizations. Every organization has its blind spots, and you can help cover those up if you have a few. If OpenPhil didn't exist, maybe we would have created an organization that looks more like OpenPhil. They are covering a lot of what we’re looking at—we're looking at overlapping, but not identical things. I think having that diversity can be valuable, but pointing to the ways in which we intentionally designed to be a little bit different from existing donors:One thing that I've been really happy about is the re-granting program. We have a number of people who are experts in various areas to who we've basically donated pots that they can re-grant. What are the reasons that we think this is valuable? One thing is giving more stakeholders a chance to voice their opinions because we can't possibly be listening to everyone in the world directly and integrating all those opinions to come up with a perfect set of answers. Distributing it and letting them act semi-autonomously can help with that. The other thing is that it helps with a large number of smaller grants. When you think about what an organization giving away $100 million in a year is thinking about, “if we divided that up into $25,000 grants, how many grants would that mean?” 4,000 grants to analyze, right? If we want to give real thought to each one of those, we can't do that.But on the flip side, sometimes the smaller grants are the most impactful per dollar and there are a lot of cases where someone really impressive has an exciting idea for a new foundation or a new organization that could do a lot of good for the world and needs $25,000 to get started. To rent out a small office, to be able to cover salaries for two employees for the first six months. Those are the kind of cases where a pretty small grant can make a huge change in the development of what might ultimately become a really impactful organization. But they're the kind of things that are really hard for our team to evaluate all of, just given the number of them—but the re-grantor program gives us a way to do that. Instead, we have 10, 50, or 100 re-grantors, who are going out and finding a lot of those opportunities close to them, they can then identify those and direct those grants—and it gives us a much wider reach. It also biases it less towards people who we happen to know, which is good.We don't want to just like overfund everyone we know and underfund everyone that we don’t. That's one initiative that I've been pretty excited about that we're going to keep doing. Another thing we've really tried to have a lot of emphasis on making the (application) process smooth and clean. There are pros and cons to this. But it drops the activation energy necessary for someone to decide to apply for a grant and fill out all of the forms. We’ve really tried to bring more people into the fold.Adverse selection in philanthropyDwarkesh Patel 16:41If you make it easy for people to fill out your application and generally fund things that other organizations wouldn't, how do you deal with the possibility of adverse selection in your philanthropic deal flow?Sam Bankman-Fried 16:52It's a really good question. It’s a worry that Bob down the street might see a great book case study that he wants and wonder if he can get funding for this bookcase as it’s going to house a lot of knowledge. Knowledge is good, right? Obviously, we would detect that pretty quickly. The basic answer is that we still vet all of these. We do have oversight of them. But, we also do a deep dive into both all of the large ones, but also into samplings of all the small ones. We do deep dives into randomly sampled subsets of them—which allows us to get a good statistical sense of whether we are facing significant adverse selection in them. So far, we haven't seen obvious signs of it, but we're going to keep doing these analyses and see if anything worrying comes out of those. But that's a way to be able to have more trusted analyses for more scaled-up numbers of grants.Correlation between different causesDwarkesh Patel 18:06A long time ago, you wrote a blog post about how EA causes are multiplicative, instead of additive. Do you still find that's the case with most of the causes you care about? Or are there cases where some of the causes you care about are negatively multiplicative? An example might be economic growth and the speed at which AI takes off.Sam Bankman-Fried 18:24Yeah, I think it’s getting more complicated. Specifically around AI, you have a lot of really complex factors that can point in the same direction or in opposite directions. Especially if what you think matters is something like the relative progress of AI safety research versus AI capabilities research, a lot of things are going to have the same impact on both of those, and thus confusing impact on safety as a whole.I do think it's more complicated now. It's not cleanly things just multiplying with each other. There are lots of cases where you see multiplicative behavior, but there are cases where you don't have that. The conclusion of this is: if you have multiplicative cases, you want to be funding each piece of it. But if you don't, then you want to be trained to identify the most impactful pieces and move those along. Our behavior should be different in those two scenarios.Dwarkesh Patel 19:23If you think of your philanthropy from a portfolio perspective, is correlation good or bad?Sam Bankman-Fried 19:29Expected value is expected value, right? Let's pretend that there is one person in Bangladesh and another one in Mexico. We have two interventions, both 50-50 on saving each of their lives. Suppose there’s some new drug that we could release to combat a neglected disease. This question is asking, “are they correlated?” “Are these two drugs correlated in their efficacy?” And my basic argument is, “it doesn't matter, right?” If you think about it from each of their perspectives, the person in Mexico isn't saying, “I only want to be saved in the cases where the person in Bangladesh is or isn't saved.” That’s not relevant. They want to live.The person in Bangladesh similarly wishes to live. You want to help both of them as much as you can. It's not super relevant whether there’s alignment or anti-alignment between the cases where you get lucky and the ones where you don't.Dwarkesh Patel 20:46What’s the most likely reason that Future Fund fails to live up to your expectations?Sam Bankman-Fried 20:51We get a little lame. We give to a lot of decent things. But all the cooler or more innovative things that we do, don't seem to work very well. We end up giving the same that everyone else is giving. We don’t turn out to be effective at starting new things, we don't turn out to be effective at thinking of new causes or executing them. Hopefully, we'll avoid that. But, it's always a risk.Dwarkesh Patel 21:21Should I think of your charitable giving, as a yearly contribution of a billion dollars? Or should I think of it as a $30 billion hedge against the possibility that there's going to be some existential risk that requires a large pool of liquid wealth?Sam Bankman-Fried 21:36It's a really good question, I'm not sure. We've given away about 100 million so far this year. We're going to start doing that because we think there are really important things to fund and to start scaling up those systems. We notice opportunities as they come and we have systems ready in place to give to them. But it's something we're really actively discussing internally—how concentrated versus diffuse we want that giving to be, and storing up for one very large opportunity versus a mixture of many.Great founders do difficult thingsDwarkesh Patel 22:15When you look at a proposal and think this project could be promising, but this is not the right person to lead it, what is the trait that's most often missing?Sam Bankman-Fried 22:22Super interesting. I am going to ignore the obvious answer which is that the guy is not very good and look at cases where it's someone pretty impressive, but not the right fit for this. There are a few things. One of them is how much are they going to want to deal with really messy s**t. This is a huge thing! When I was working at Jane Street, I had a great time there. One thing I didn’t realize was valuable until I saw the alternative—if I decided that is a good trade to buy one share of Apple stock on NASDAQ, there's a button to do that.If you as a random citizen want to buy one share of Apple stock directly on an exchange, it'll cost you tens of millions of dollars a year to get set up. You have to get a physical colo(cation) in Secaucus, New Jersey, have market data agreements with these companies, think about the sip and about the NBBO and whether you’re even allowed to list on NASDAQ, and then build the technological infrastructure to do it. But all of that comes after you get a bank account.Getting a bank account that's going to work in finance is really hard. I spent hundreds, if not thousands of hours of my life, trying to open bank accounts. One of the things at early Alameda that was really crucial to our ability to make money was having someone very senior spend hours per day in a physical bank branch, manually instructing wire transfers. If we didn't do that, we wouldn't have been able to do the trade.When you start a company, there are enormous amounts of s**t that looks like that. Things that are dumb or annoying or broken or unfair, or not how the world should work. But that’s how the world does work. The only way to be successful is to fight through that. If you're going to be like, “I'm the CEO, I don't do that stuff,” then no one's going to do that at your company. It's not going to get done. You won't have a bank account and you won't be able to operate. One of the biggest traits that are incredibly important for a founder and for an early team at a company (but not important for everything in life) is willing to do a ton of grunt work if it’s important for the company right then.Viewing it not as “low prestige” or “too easy” for you, but as, “This is the important thing. This is a valuable thing to do. So it's what I'm going to do.” That's one of the core traits. The other thing is asking if they’re excited about this idea? Will they actually put their heart and soul into it? Or are they going to be not really into it and half-ass? Those are two things that I really look for.Pitcher fatigue and the importance of focusDwarkesh Patel 25:51How have you used your insights about pitcher fatigue to allocate talent in your companies?Sam Bankman-Fried 25:58Haha. When it comes to pitchers, in baseball, there's a lot of evidence that they get worse over the course of the game. Partially, because it's hard on the arm. But, it's worth noting that the evidence seems to support the claim that it depends on the pitchers. But in general, you're better off breaking up your outings. It's not just a function of how many innings they pitch that season, but also extremely recently. If you could choose between someone throwing six innings every six days, or throwing three innings every three days, you should use the latter. That's going to get the better pitching on average, and just as many innings out of them—and baseball has since then moved very far in that direction. The average number of pitches thrown by starting pitchers has gone down a lot over the last 5-10 years.How do I use that in my company? There’s a metaphor here except this is with computer work instead of physical arm work. You don't have the same effect where your arm is getting sore, your muscles snap, and you need surgery if you pitch too hard for too long. That doesn't directly translate—but there's an equivalent of this with people getting tired and exhausted. But on the other hand, context is a huge, huge piece of being effective. Having all the context in your mind of what's going on, what you're working on, and what the company is doing makes it easier to operate effectively. For instance, if you could have either two half-time employees or one full-time employee, you're way better off with one full-time employee because they're going to have more context than either of the part-time employees would have—thus be able to work way more efficiently.In general, concentrated work is pretty valuable. If you keep breaking up your work, you're never going to do as great of work as if you truly dove into something.How SBF identifies talentDwarkesh Patel 28:30You've talked about how you weigh experience relatively little when you're deciding who to hire. But in a recent Twitter thread, you mentioned that being able to provide mentorship to all the people who you hire is one of the bottlenecks to you being able to scale. Is there a trade-off here where if you don't hire people for experience, you have to give them more mentorship and thus can't scale as fast?Sam Bankman-Fried 28:51It's a good question. To a surprising extent, we found that the experience of the people that we hire has not had much correlation with how much mentorship they need. Much more important is how they think, how good they are at understanding new and different situations, and how hard they try to integrate into their understanding of coding how FTX works. We actually have by and large found that other things are much better predictors of how much oversight and mentorship they’re going to need then.Dwarkesh Patel 29:35How do you assess that short of hiring them for a month and then seeing how they did?Sam Bankman-Fried 29:39It's tough, I don't think we're perfect at it. But things that we look at are, “Do they understand quickly what the goal of a product is? How does that inform how they build it?” When you're looking at developers, I think we want people who can understand what FTX is, how it works, and thus what the right way to architect things would be for that rather than treating it as an abstract engineering problem divorced from the ultimate product.You can ask people like, “Hey, here's a high-level customer experience or customer goal. How would you architect a system to create that?” That’s one thing that we look for. An eagerness to learn and adapt. It's not trivial to ask for that. But you can do some amount of that by giving people novel scenarios and seeing how much they break versus how much they bend. That can be super valuable. Specifically searching for developers who are willing to deal with messy scenarios rather than wanting a pristine world to work in. Our company is customer-facing and has to face some third-party tooling. All those things mean that we have to interface with things that are messy and the way the world is.Why scaling too fast kills companiesDwarkesh Patel 31:09Before you launched FTX, you gave detailed instructions to the existing exchanges about how to improve their system, how to remove clawbacks, and so on. Looking back, they left billions of dollars of value on the table. Why didn't they just fix what you told them to fix?Sam Bankman-Fried 31:22My sense is that it’s part of a larger phenomenon. One piece of this is that they didn't have a lot of market structure experts. They did not have the talent in-house to think really deeply about risk engines. Also, there are cultural barriers between myself and some of them, which meant that they were less inclined than they otherwise would have been to take it very seriously. Ignoring those factors, there's something much bigger at play there. Many of these exchanges had hired a lot of people and they got in very large. You might think they were more capable of doing things with more horsepower. But in practice, most of the time that we see a company grow really fast, really quickly, and get really big in terms of people, it becomes an absolute mess.Internally, there's huge diffusion of responsibility issues. No one's really taking charge. You can't figure out who's supposed to do what. In the end, nothing gets done. You actually start hitting the negative marginal utility of employees pretty quickly. The more people you have, the less total you get done. That happened to a number of them to the point where I sent them these proposals. Where did they go internally? Who knows. The Vice President of Exchange Risk Operations (but not the real one—the fake one operating under some department with an unclear goal and mission) had no idea what to do with it. Eventually, she passes it off to a random friend of hers that was the developer for the mobile app and was like, “You're a computer person, is this right?” They likely said, “I don’t know, I'm not a risk person,” and that's how it died. I’m not saying that’s literally what happened but sounds kinda like that’s probably happened. It's not like they had people who took responsibility and thought, “Wow, this is scary. I should make sure that the best person in the company gets this,” and pass it to the person who thinks about their risk modeling. I don't think that's what happened.The future of cryptoDwarkesh Patel 33:51There're two ways of thinking about the impact of crypto on financial innovation. One is the crypto maximalist view that crypto subsumes tradfi. The other is that you're basically stress-testing some ideas in a volatile, fairly unregulated market that you're actually going to bring to tradfi, but this is not going to lead to some sort of decentralized utopia. Which of these models is more correct? Or is there a third model that you think is the correct one?Sam Bankman-Fried 34:18Who knows exactly what's going to happen? It's going to be path-dependent. If I had to guess I would say that a lot of properties of what is happening crypto today will make their way into Trad Fi to some extent. I think blockchain settlement has a lot of value and can clean up a lot of areas of traditional market structure. Composable applications are super valuable and are going to get more important over time. In some areas of this, it's not clear what's going to happen. When you think about how decentralized ecosystems and regulation intersect, it's a little TBD exactly where that ends up.I don't want to state with extreme confidence exactly what will or won't happen. Stablecoins becoming an important settlement mechanism is pretty likely. Blockchains in general becoming a settlement mechanism, collateral clearing mechanism, and more assets getting tokenized seem likely. There being programs written on blockchains that people can add to that can compose with each other seems pretty likely to me. A lot of other areas of it could go either way.Risk, efficiency, and human discretion in derivativesDwarkesh Patel 35:46Let's talk about your proposal to the CFTC to replace Futures Commission Merchants with algorithmic real-time risk management. There's a worry that without human discretion, you have algorithms that will cause liquidation cascades when they were not necessary. Is there some role for human discretion in these kinds of situations?Sam Bankman-Fried 36:06There is! The way that traditional future market structure works is you have a clearinghouse with a decent amount of manual discretion in it connected to FCMs. Some of which use human discretion, and some of which use automated risk management algorithms with their clients. The smaller the client, the more automated it is. We are inverting that where at the center, you have an automated clearing house. Then, you connect it to FCM, which could use discretionary systems when managing their clients.The key difference here is that one way or another, the initial margin has to end up at the clearinghouse. A programmatic amount of it and the clearinghouse acts in a clear way. The goal of this is to prevent contagion between different intermediaries. Whatever credit decisions one intermediary makes, with respect to their customers, doesn't pose risk to other intermediaries. This is because someone has to post the collateral to the clearinghouse in the end—whether it's the FCM, their customer, or someone else. It gives clear rules of the road and lack of systemic risk spreading throughout the system and contains risk to the parties that choose to take that risk on - to the FCMs that choose to make credit decisions there.There is a potential role for manual judgment. Manual judgment can be valuable and add a lot of economic value. But it can also be very risky when done poorly. In the current system, each FCM is exposed to all of the manual bespoke decisions that each other FCM is making. That's a really scary place to be in, we've seen it blow up. We saw it blow up with LME nickel contracts and with a few very large traders who had positions at a number of different banks that ended up blowing out. So, this provides a level of clarity, oversight, and transparency to this system, so people know what risk they are, or are not taking on.Dwarkesh Patel 38:29Are you replacing that risk with another risk? If there's one exchange that has the most liquidity om futures and there’s one exchange where you're posting all your collateral (across all your positions), then the risk is that that single algorithm the exchange is using will determine when and if liquidation cascades happen?Sam Bankman-Fried 38:47It’s already the case that if you put all of your collateral with a prime broker, whatever that prime broker decides (whether it's an algorithm or a human or something in between) is what happens with all of your collateral. If you're not comfortable with that, you could choose to spread it out between different venues. You could choose to use one venue for some products and another venue for other products. If you don't want to cross-collateralized cross-margin your positions, you get capital efficiency for cross-margining them—for putting them in the same place. But, the downside of that is the risk of one can affect the other. There's a balance there, and I don't think it's a binary thing.Dwarkesh Patel 39:28Given the benefits of cross-margining and the fact that less capital has to be locked up as collateral, is the long-run equilibrium that the single exchange will win? And if that's the case, then, in the long run, there won't be that much competition in derivatives?Sam Bankman-Fried 39:40I don't think we're going to have a single exchange winning. Among other things, there are going to be different decisions made by different exchanges—which will be better or worse for particular situations. One thing that people have brought up is, “How about physical commodities?” Like corn or soy? What would our risk model say about that? It's not super helpful for those commodities right now because it doesn't know how to understand a warehouse. So, you might want to use a different exchange, which had a more bespoke risk model that tried to understand how the human would understand what physical positions someone had on. That would totally make sense. That can cause a split between different exchanges.In addition, we've been talking about the clearing house here, but many exchanges can connect to the same clearinghouse. We're already, as a clearing house, connected to a number of different DCMs and excited for that to grow. In general, there are going to be a lot of people who have different preferences over different details of the system and choose different products based on that. That's how it should work. People should be allowed to choose the option that makes the most sense for them.Jane Street vs FTXDwarkesh Patel 41:00What are the biggest differences in culture between Jane Street and FTX?Sam Bankman-Fried 41:05FTX has much more of a culture of like morphing and taking out a lot of random new s**t. I don’t want to say Jane Street is an ossified place or anything, it’s somewhat nimble. But it is more of a culture of, “We're going to be very good at this particular thing on a timescale of a decade.” There are some cases where that's true of FTX because some things are clearly part of our core business for a decade. But there are other things that we knew nothing about a year ago, and now have to get good at. There's been more adaptation and it's also a much more public-facing and customer-facing business than Jane Street is—which means that there are lots of things like PR that are much more central to what we're doing.Conflict of interest between broker and exchangeDwarkesh Patel 41:56Now in crypto, you're combining the exchange and the broker—they seem to have different incentives. The exchange wants to increase volume, and the broker wants to better manage risk, maybe with less leverage. Do you feel that in the long run, these two can stay in the same entity given the potential conflict of interest?Sam Bankman-Fried 42:13I think so. There's some extent to which they differ, but more that they actually want the same thing—and harmonizing them can be really valuable. One is to provide a great customer experience. When you have two different entities with two completely different businesses but have to go from one to the other, you're going to end up getting the least common denominator of the two as a customer. Everything is going to be supported as poorly as whichever of the two entities support what you're doing most poorly - and that makes it harder. Whereas synchronizing them gives us more ability to provide a great experience.Bahamas and Charter CitiesDwarkesh Patel 42:59How has living in the Bahamas impacted your opinion about the possibility of successful charter cities?Sam Bankman-Fried 43:06It's a good question. It's the first time and it’s updated positively. We've built out a lot of things here that have been impactful. It's made me feel like it is more doable than I previously would have thought. But it's a lot of work. It's a large-scale project if you want to build out a full city—and we haven’t built out a full city yet. We built out some specific pieces of infrastructure that we needed and we've gotten a ton of support from the country. They've been very welcoming, and there are a lot of great things here. This is way less of a project than taking a giant, empty plot of land, and creating a city in it. That's way harder.SBF’s RAM-skewed mindDwarkesh Patel 43:47How has having a RAM-skewed mind influence the culture of FTX and its growth?Sam Bankman-Fried 43:52On the upside, we've been pretty good at adapting and understanding what the important things are at any time. Training ourselves quickly to be good at those even if it looks very different than what we were doing. That's allowed us to focus a lot on the product, regulation, licensing, customer experience, branding, and a bunch of other things. Hopefully, it means that we're able to take whatever situations come up and provide reasonable feedback about them and reasonable thoughts on what to do rather than thinking more rigidly in terms of how previous situations were. On the flip side, I need to have a lot of people around me who will try and remember long-term important things that might get lost day-to-day. As we focus on things that pop up, it's important for me to take time periodically to step back and clear my mind and remember the big picture. What are the most important things for us to be focusing on? This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.dwarkeshpatel.com
Brett Harrison is the President of FTX US, a US-regulated cryptocurrency exchange. Prior to joining FTX US, Brett was Head of Semi-Systematic Technology at Citadel Securities, where he managed technology for the firm's Options, ETF, OTC, and ADR trading globally. He began and spent the majority of his career at Jane Street, where he led the firm's algorithmic trading system development. 00:34 - The role of FTX.US' president01:24 - About FTX02:55 - Nontraditional brand marketing08:05 - Educating people about Crypto10:46 - Being at the forefront of regulation14:52 - Collaborating with other players in crypto19:03 - FTX's policy in exchange and crypto23:19 - FTX and NFTs26:44 - CeFi / DeFi exchange and Cross-chains31:36 - Building interconnectivity between centralized crypto exchanges34:59 - Market hours in crypto?36:33 - Process of evaluating a token38:44 - Things he is hopeful for DISCLAIMERThe information on this podcast is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.The information contained in or provided from or through this podcast is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.The information on this podcast is general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this podcast without undertaking independent due diligence and consultation with a professional broker or financial advisor. Austin (00:10):I'm Austin Federa. Welcome to the Solana podcast. Today, we have Brett Harrison joining us, who's the president of FTX.US. We got a bunch to talk about today, including the role of FTX in the markets, his sort of path there, and a bunch of what's been going on recently in crypto. So, Brett, thanks for joining us.Brett (00:27):Yeah. Thanks for having me on, Austin.Austin (00:29):I wanted to kick it off. What does the president of FTX.US actually do on a daily basis?Brett (00:34):Yeah, for sure. A good question. So yeah, I joined FTX.US exactly one year ago. Little bit of background first. So FTX is obviously the global cryptocurrency derivatives exchange. It's the second or third largest in the world. Around a year and a half ago, FTX.US, a separate company affiliated with FTX, was started for the purpose of creating a US regulated set of businesses to be able to do things like offer a spot cryptocurrency in the US, but also to satisfy some of our broader ambitions to enable other kinds of investment products for US customers such as US crypto derivatives, stocks, and things like that. My role is to sort of help run the ship over here, hire the team, and put people in the right offices, but also like do everything from think about regulatory strategy and policy to some actual software development in architecture and on some of our products. So it's sort of a little bit of everything.Austin (01:25):Yeah. It's kind of an interesting role. How big is the FTX.US operations at this point?Brett (01:30):We're around 80 people right now.Austin (01:33):That's pretty sizable for one year.Brett (01:35):Yeah, for us at least.Austin (01:36):Yes.Brett (01:37):For sure.Austin (01:38):You're at the top of a pretty interesting organization nowadays. When you joined, the pace of excitement and interest in crypto from a mainstream audience was far lower. The presence of FTX was far lower than it is now. There's many people who are familiar with crypto, who have been for both FTX for a very long time, as both the FTX international and FTX.US as two different entities that play an important role in pushing the concept of a centralized exchange further. Before you guys came on the scene, the role of a centralized exchange was maybe not quite as professionalized as it is now. There's sort of more of a lot of respect in the market for the speed that FTX is able to execute on and both sort of the pace of innovation that's come out of that.Austin (02:23):But at the same time, in the United States specifically, which is where we're talking about today, you guys have done a huge amount of what I would call very traditional marketing usually reserved for banks, and telecommunication companies, and these sort of like old Titans of industry in the United States. But this is a very new operation. Walk me through a little bit about that process of saying not only do we see a target opportunity here, but we're not going to take the path of most other companies, and run a ton of digital ads, and put up select billboards. But we're going to put our name on AAA, IP, and media.Brett (02:55):It's incredible to see where we are now compared to a year ago, two years ago, and FTX.US were fairly obscure in the United States. Not so much overseas where FTX had already really gained a name for itself as this leading cryptocurrency derivatives exchange. And it was really competing with the other top exchanges around the world that have been trading these derivatives products traditionally. But in the US, we had just started. We're up against 10 year incumbents in the space and very few people ever heard of FTX. And now we're on Super Bowl commercials. We are the subject of congressional hearings. It's like quite amazing to sort of see the way that we've sort of infiltrated the crypto ecosystem in the United States, in a way that's really established our presence as a brand that people trust, as one that feels innovative and fast moving.Brett (03:47):So I think just taking it back a bit. So we wanted to be able to get into the US market, and the US has one of the largest retail user bases in the world, maybe the largest retail user base in the world. So the number of people who are traditionally using their phone to trade stocks, for example, for themselves, is just much higher percentage in the United States than almost anywhere else. And so you have this broad class of people now getting interested in crypto, who want to be able to have access to that as a means of investment. But if you think about where crypto has been for the last decade, there's been a lot of ups and downs and noise. You have exchanges that lose customer funds, or they go down, or they get hacked, or they like suddenly become slow.Brett (04:31):And if people are going to invest in this still fairly risky, volatile, asset class, where there's a lot to learn for people, it's a very high learning curve. They're going to want some brand that they feel they're comfortable taking that leap, and putting their money in, and investing with. And so in the beginning, it was very difficult to acquire customers for us. And then Sam had this idea of, what's the largest thing that we could do, as fast as possible, and reach tens of millions of people. And it's not go out and buy Facebook ads. And the conventional wisdom here for us was, "Okay, when's the last time you saw an ad on Facebook for like Citibank or JP Morgan, and you are like a Bank of America customer? And then you said, you know what, I love this Facebook ad. It's time to move all my money from my checking account to this other one." I think it doesn't usually happen. I think it's a pretty high activation cost for doing something like that. It's not like giving some new website a try.Brett (05:28):Just plain and simply this is like a serious investment decision. And so we really needed to build that trust for people, and do it quickly, and in a way that really established ourselves as a unique player. And so the biggest thing someone could think of was, well, what if we put our name on a stadium. And it seemed crazy at the time, but then we did it and we put our name on the Miami Heat stadium, the FTX Arena. It was an amazing deal, the right place at the right time, because we got to also work with Miami Dade County on many of their anti-gun violence initiatives. So it was a really good fit. And short time after that, we did two other big deals. One was with Tom Brady and the other one was with the Major League Baseball.Brett (06:04):And for those, first of all, Tom Brady being this universally loved and respected individual for just his incredible talent and drive. And then for Major League Baseball for being this time modern institution. I think it, the signal to people was imagine what it took, what kind of due diligence was required for an institution like Major League Baseball to come trust FTX, crypto exchange no one's ever heard of. And let alone do anything in crypto. That's how I think we were able to sort of catapult ourselves into the US market very quickly was through this somewhat non-traditional way of doing this brand marketing. And since then, it's been amazing. I mean, we went from 10,000 customers at the beginning of 2021 to like 1.2 million customers at the end of 2021. So a huge growth in a very short period of time, on the eve of some of our new product offerings that we're launching. So pretty excited about the growth so far.Austin (06:56):What's very interesting for me on this, apart from just the growth of FTX.US in general, is this is against the grain for, I would say, the last 20 years of marketing. Which is that you really want to focus on identifying your core demographic, activating that core demographic, using them as voices and ambassadors. And this is the way that most crypto exchanges, and honestly, most cryptocurrencies have gone about growth as well. They've said let's put a bunch of resources into the very narrow domain things that are working, and then it will be an organic growth kind of coming out of that.Austin (07:32):And you normally see something like branding rights for an arena or a major partnership with MLB or some, or any sports team, something along those lines as being something that a company that isn't trying to educate customers, but is just looking for general awareness, goes through. Right? Staples Center, UBS, all the big banks have their names on these places. Not because they're trying to differentiate Bank of America's products versus Chase's products, but because they want general awareness. What was that process like to say, "Okay, we've got a stadium, but no one knows what crypto is still." What's that part two of that strategy?Brett (08:09):Yeah. I think we had to rewrite the playbook there. Because we don't yet know what the right demographic is for crypto, but also we don't want to pre-select a demographic. I mean, the whole spirit of crypto is to enable people to have access to investment opportunities, wealth creation, control over your personal finances in ways that have typically been difficult for many parts of the country. And if we just sort of start by saying, okay, well, who is the most obvious demographic to target for this? And let's just run Facebook ads that target them. I think it sort of misses the point. We're here to educate people, as you said, about not just the investment class, but also the promises of the technology itself. The fact that this will represent a new way of building internet based applications, in ways that allow people to share in the upside of those applications. It's going to enable for greater robustness and stability by using decentralized technology.Brett (09:11):I think these are all things that it's going to be difficult to teach people over time, but we have to start somewhere. And that starts with a general awareness. And it starts with trust, right? People have to understand that we are a very legitimate company. We are highly regulated, contrary to popular belief. We have, between FTX and FTX.US, we have something like a hundred different regulators. We have 50 different licenses. We need to be able to break through the noise and convey that to people. And that's why we started more on this general awareness. And now we're doing some of the other stuff. Like we're starting now to run some Google ads. We're starting to go for iOS App Store placements and traditional SEO. And we're doing that now that we have the product that we like and we're happy with where it is, although we're always trying to improve it. And we've built that general awareness and trust.Austin (09:58):Yeah. So, so you mentioned that you are both in a highly regulated industry and yourselves, highly regulated, by various regulators who look at the industry. FTX has, over the last year, put itself at the forefront of regulation in crypto in the US. You and Chainalysis are right up there together, testifying in front of Congress, and also putting out this FTX policy proposal that came out, was that six months ago or so, as well. What was the decision making process like internally to say, this is something that not only do we want to engage with, but to actually make a decision to be a face of. There are many exchanges that operate in the US. None of them have necessarily taken that as the mantle, as proactively, we are going to put ourself in this position. I'm sure that was both risky, and you saw a lot of opportunity in that process.Brett (10:50):Yeah, absolutely. So there's the part that's specific to FTX and the part that's general. Starting with the part that's specific, we would like to be able to offer an array of different products and services in the US. Some of those has to do with spot cryptocurrencies. Regulation in the US for spot cryptocurrencies are not well defined. And that is because of the two market regulators that exist in the US, and the US is one of the few countries in the world that actually has two separate market regulators not one, the SEC and the CFTC, the lines of jurisdiction over digital spot assets are not very well drawn. That's not true for traditional securities like Apple and Tesla and US government bonds, which is regulated by the SEC. And it's not true for the CFTC, which regulates commodity futures, and other sort of broad based index futures, and sometimes security futures as well in conjunction with the SEC. But for actual things like Bitcoin to USD spot markets, it's not clear.Brett (11:47):And what we want to do is help shape that regulation, such that we can safely innovate and offer products that also protect consumers. And in terms of how we influence regulation, do so in a way that doesn't push all of the intellectual property and all that innovation overseas. I mean, you guys know this too, that so much of the intellectual property, the founders, the CEOs, the developers come from the United States. And then ultimately move themselves to somewhere outside the United States because they don't feel like they have a safe place to be able to build their business and to be an entrepreneur. We really want to help that. So I think that kind of actually combines both sort of specific and general of what I wanted to say.Brett (12:26):Which is that on the specific front, we want to be able to offer all the spot tokens that we think are appropriate. We want to be able to list CFTC regulated margin derivative products in the US for US customers. We want to maybe eventually do more innovative, ambitious things like create tokenized stocks or tokenized treasuries. But then, at the same time, we want to make sure the playing field is great for all crypto participants in the US. And they really want to stay here and work here and build here, because we just think that's going to be good for the country. Now what's been interesting for us in this journey of being this sort of public face of regulation and policy, is that what we found is the most effective thing that we can do as a company is just showing up in person. You'd be surprised how many companies, and this is not just crypto, send these large teams of lobbyists and lawyers to Washington hoping to sort of engage in policy discussions.Brett (13:17):And I'm not in the room for those, but I imagine some of those come off as disingenuous. Or there are cases where you can't really get in the weeds of a conversation because the right stakeholders aren't in the room. The fact that Sam and Zach and Ryan and Mark and I just sort of like go to Washington, and email the Fed or the Treasury or members of the House or the Senate or the executive branch, and just show up and talk to them. And say like, "We don't have an agenda. We're just here to answer questions. We know we're in the education phase." Same thing with regulators. We talk with the CFTC, SEC, FINRA. It is just great to show up in person and show that we are open honest people who really want to engage in dialogue. It's been so useful for everyone involved. And I think that's really helped shift the narrative of crypto being like anti-regulatory or anti-government in some way. And that's been really helpful.Austin (14:09):Do you see this as something that you're primarily, obviously there's a lot of upside for FTX in getting greater clarity around regulations and having a legal framework that it can operate in with more definition around it. At the same time you look across at other industries, the credit card industry, the banking industry, agriculture, et cetera. They have very well defined and powerful industry groups at this point. And you often see like a lot of the big banks in the US moving in lockstep with one another. How closely does FTX work with other large exchanges in the United States or other people in the crypto space? And if that's not really as mature as it is in other industries, why do you think that is right now?Brett (14:54):Yeah. Great question. We do to some extent. We do more now than we did before. It's almost certainly not enough. And partly it's because this industry is very new, and it's not super well defined exactly what we need, and there's differing opinions of how we get there. I also think that crypto has done itself a bit of a disservice in the past by being somewhat hostile to regulatory involvement. And you see this a lot on Twitter. And I think it's not super productive. We want to be able to create a market environment that allows for all participants to participate in a way that it safeguards them. And to just completely throw away a hundred years of regulatory development to think that we can just sort of do the whole thing better from scratch, with no protections, is almost certainly not right.Brett (15:44):At the same time, I'm very sympathetic to the idea that you could, through the act of regulatory requirements, end up excluding individuals for not good reasons. For example, there's a lot of people who criticize KYC by saying there might be disenfranchised people who don't have good drivers licenses. And so therefore they can't KYC with an exchange. And so you're actually excluding a certain segment of the population by doing so. And I think we are receptive to those arguments. And so we would like to be able to push the envelope forward with crypto and allow the greatest number of people to participate without prejudice. But we have to engage collaboratively and cooperatively with regulators to do so.Brett (16:27):And so we are now starting to talk a lot more with the other competitors in the space about what are our shared goals for regulation? What do we think about who should be regulating us? What do we think policies would look like in the areas of spot tokens, of stable coins, of listing procedures, of licensing for exchanges. And I think that we're making progress there. Because the thing we've heard all the time in Washington is, okay this proposal of yours sounds great, but it can't be just the FTX proposal. Washington's not in the business of picking winners and losers in industry. We want to see you guys come together as an industry. And so that's, it's going to be critical for us going forward. And it's not just the exchanges. I mean, it's the protocol tokens, it's the stable coin providers, the infrastructure providers, miners. Sort of all across the board, I think we just need to come together more as an industry.Austin (17:19):Yeah. It's one of those things where you look at the Web 2.0 industry, and I think it's probably pretty obvious that they say at this point that their unwillingness to come together around issues of establishing common frameworks for content moderation, common frameworks for when a user should be banned from a platform, those sorts of things have really opened them up to a lot of attacks from Washington about... You see these hearings in the Senate all the time when they're talking one company, why your policy different from another company? And then there's a void there, where the regulators and Congress aren't really sure how to write a law, but they have a lot of ideas about what could be changed. Given the decentralized nature of crypto, there's one level where it's like, there are these centralized companies like FTX, like Coinbase, like Kraken, like Chainalysis that are on one side of things.Austin (18:10):But then there's organizations like Solana Labs or the Solana Foundation, which have a very different role and place in the market. And don't always necessarily have the same incentive alignment in those sort of areas. One of the beautiful things about FTX is, or any exchange, is that it's a entity which makes money on the aggregate state of cryptocurrency. And so the specific whims of one network is not necessarily of huge concern to it. For example, the shutting out of a certain type of user, based on a KYC requirement, is much less of a burden in the United States or for something like an exchange, then it might be for... Like if you have to KYC every user, that's not a problem. If Audius has to KYC every user, that actually puts them at a significant disadvantage compared to a competitor like a Spotify. How do you think about both the role of the policy work FTX does within the exchange industry and the wider crypto industry in general?Brett (19:07):It's interesting to think about where we need to head as an industry together. I think a lot about the role of CeFi and DeFi and how they interplay. I think there's a lot of people online who sort of draw this very bright line between them. And it's like, if you're on the left side, you're a centralized player and you are completely antithetical to the whole point of crypto. And if you're on the right side, you're part of the golden club and true decentralization means there can never be anyone who touches anything involving like regulation or identification or safeguards and things like this. And I think, again, these are the kinds of counterproductive discussions I was talking about earlier. I think that we need each other to grow.Brett (19:47):The more DeFi grows, the more equitable access to financial markets will continue to grow around the world. And the more the need for centralized regulated players, like FTX, who kind of bridge the gap between the traditional financial system and DeFi, will play that role as well. As far as regulation goes, you're right. It's not clear where you go with a project like Audius. And you like it to be such that it's the same as Spotify, but then you get into these tricky issues of like, well, what is the Audius token? And how does that interplay with who can actually buy and sell that token and interact with the system in some way? You have more ambitious projects, on the topic of music, like can we create tokens for songs where people can receive token distributions for the number of plays that occur? And does that make it sort of like a dividend and a securities offering? Well, I don't know. And this sort of is very difficult to understand.Brett (20:39):But there are two strategies when it comes to regulation for a company like Audius. And so one strategy is to sort of move as fast as possible and try to always stay like a step ahead of regulation. And eventually, maybe the feeling and the ecosystem around DeFi regulation catches up to an Audius and everything is okay. It allows us to do what it does, and it was worth the risk because they got to innovate very quickly and become a profitable business. But that comes with its risks, that maybe regulation catches up to it in a bad way, and says, "You shouldn't have been doing this all along. And please give me all your profits back from the last couple years."Brett (21:16):There's another way, which is sort to walk in the front door, and be sort of transparent and obvious about what you're trying to do, and to try to operate within the regulatory envelope of some jurisdiction, and try to get this properly vetted and allowed to occur. And that has the benefit of sort of establishing clear rules and allowing for other companies to tread similar paths. On the other hand that could slow you down. And if you have one of these competitors, that's going to run as fast as possible, you might lose to them, even though you're doing the right thing.Brett (21:46):So there's not really a right answer here. And this is sort of a tricky space for DeFi. I will say in either case, I do think it's worth it for these DeFi projects for Solana Labs, for the founders and companies involved, and this kind of entrepreneurship, people in the United States should really start going to Washington more and just explaining what this stuff is. I mean, people kind of get what Bitcoin is, but people do not understand what Solana is and why it's different. And that should change. People should understand what Solana is, what all these other layer 1s are, these layer 2s are. What these different token projects are. Why they're interesting. Why they're useful. Why they represent a departure from Web 2.0. Why that's important. Why that needs to be fostered and why that needs to be grown. I think that would be something that we could continue to work together on, as industry participants, is the education piece.Austin (22:33):So changing topics a little, we've seen FTX.US try and enter a few different, I would say different markets than are necessarily like the original core. So one of those was the NFT marketplace. I think there's been it probably mixed success in that. One of the things that I found fascinating is how different NFT culture is from crypto culture. Obviously it's a subset, but a lot of the applications and the platforms that have been very strong from a crypto trading perspective, in terms of fungible digital assets have not had much success in the non fungible space. And the non fungible marketplaces have either had no interest or no success in moving into the fungible asset space. Talk a little bit about some of the learnings that you guys had in that process and how that's informing the decisions of where FTX expands into in the future.Brett (23:25):Yeah, it's fascinating. So I personally worked on the NFT marketplace a lot for us. And when we entered this space, we thought there's not enough competition for Solana NFT marketplaces. There was really only one at the time. And we thought, this is definitely an area that's ripe for disruption. We were not wrong. But at the same time we did it, six other players did it. And they were able to move a lot faster for a number of reasons. First of all, they were able to really focus all of their energy on the user experience, which was super important. The second is that they were just sort of deeply in that culture and they were able to create, continue creating that NFT culture, in a way that like you have to spend 150% of your time on that to be able to actually really keep up with it and get what's going on.Brett (24:11):And the third was the decentralized nature of it. Whereas most of the trading in fungible assets is occurring on centralized exchanges in a custodial fashion. Just about all the NFTs are trading in a non-custodial fashion. Hook up MetaMask to OpenSea, you list your asset, you're done. And so I think we were disadvantaged by trying to, although I don't regret it at all, walk the sort of regulatory path of requiring people to custodian their NFTs with FTX in order to list them. And then we do proper KYC, and we make sure you're not like transferring an NFT from North Korea or something. So this is what we chose to do. And I think we ultimately lost out a little bit on that, but we're still very happy to have done it for a number of reasons.Brett (24:59):So first is that NFTs have been an important part of our various partnerships, like getting to do this really cool NFT drop with Coachella or for Formula 1. And having that as a platform has been very beneficial to us, even if we're not competing on Bored Ape Yacht Club. The second is that we have this longer term vision that majority of NFTs will not be in these like art or PFP collections. It will be in things like games. And to do that, you have to really build a platform and your average Tier One AAA game studio is not going to partner with a non-custodial solution. If they think it's going to hurt their regulatory standing at all. And so we're kind of building things out from the B2B platform side. With a hope that's actually going to be where this technology actually takes us. And so it's been definitely a learning experience for us and humbling in a lot of ways.Austin (25:53):So let's kind of talk about that a little bit. In a future where US regulations relax, and that there's a framework that allows for a little bit more flexibility and a little more certainty throughout it. We've seen over the last few months a rise in cross-chain DEX swaps. Whether that's enabled through something like Wormhole or whether it's these organizations that are sort of rolling a bit of their own solution. How do you see the competitive world, between what a centralized exchange offers and what a decentralized exchange, can offer evolving over time? I think in the early days of decentralized exchanges, a lot of people were like, oh, these are totally going to kill centralized exchanges. And we obviously have not seen that to be the case. But for a long time, the moat was described as being like, well, I can't swap my SOL into Eth on anything other than a centralized exchange, but we're seeing that change. So I'm sure this is a strategy that you've mapped out internally. What does that look like for you guys?Brett (26:50):I think you probably give us a little bit too much credit. I'm not sure we've like completely mapped out the strategy. I mean, between FTX, FTX.US, FTX Ventures, I think we have various either monetary or intellectual capital investments in a bunch of these spaces. Like FTX Ventures invests in a lot of DeFi and different bridging solutions. FTX itself is benefits and more people trading on our centralized exchange. And so we want to kind of to be able to benefit from the growth of both. I mean, again, we sort of see that, no matter what, FTX is going to be one of the major places to link up with traditional financial system. Like if you want to get Mexican Peso onto a blockchain, you're going to have to do this going through someone who can actually hook up to a Mexican bank.Brett (27:37):It's just going to be required.Austin (27:39):Yeah.Brett (27:39):But in terms of like you want to swap Eth for SOL then, yeah, I think there's going to be a couple different ways to do that. And I can sort of see the benefits and drawbacks of each one. One thing I think is sort of obvious, and I think people understand it but they don't talk about it enough, is the fact that DeFi still has a long way to go. Primarily because the entirety of the code is sort of laid bare for all to see at all times. Usually if you have a financial application and it has a bug, you're sort of protected by the network. And by network, I don't mean network of people who use it, I mean like the actual switches and routers that prevent certain kinds of traffic from getting in. And you have your moat around your application. And if there's a bug, you patch it and you're done.Brett (28:23):With DeFi, if there's the slightest bug, your whole smart contract gets exploited, and the funds are drained, and you're sort of back at square one. And again, I think that the discourse around Defi or CeFi as being kind of incompatible, has probably done DeFi a disservice in terms of its growth. Where probably some slight hybrid approach of building out smart contracts, iterating on them for like a long time, but doing so in a way that's sort of safe and secure, and doesn't mean that the first side of a bug means you are going to be drained, until it gets to the point where it's highly stable. And then you start to relax some of the centralized aspects. You follow the goal of making it completely decentralized, completely open, no intermediaries, and kind of get there over time. But I think the people who do that now would be criticized as being like too centralized. Everyone thinks everyone else is too centralized.Brett (29:17):So I think we have a lot that we can do together is what I'm trying to say. Whether it's us helping with KYC, or it's providing sort of the regulated entry points into DeFi. Whether it's helping create sort of these hybrid solutions between DeFi and CeFi, that will, I think, help DeFi grow over time. So we're trying to foster that innovation in a bunch of different ways.Austin (29:38):I would also say that if we are in a place where CeFi versus DeFi is a zero sum game, we've all astronomically succeeded as an industry.Brett (29:47):Right.Austin (29:48):That's still probably a five to 10 year away, before there are no new users left to onboard and instead a battle for who actually has those users' attention.Brett (29:57):Even CeFi versus CeFi is not a zero sum game.Austin (30:00):Yes.Brett (30:00):At all.Austin (30:01):That's true.Brett (30:02):There's a story that when ICE listed certain versions of energy contracts, that were being traded on the CME, the day they did that, CME volume went through the roof and the largest trading volume times per day were the times where the two overlapped with each other. And this is obviously because arbitrageurs came into the space and were interested and started trading the two off of each other. I think we cannot just have one centralized exchange. We need a bunch. And we will grow the pie together. And so, yeah, we're very, very far away from a zero sum nature of crypto, which is why I like crypto so much.Austin (30:39):So actually to that extent, I think there's a built in assumption there, which is that we need multiple centralized exchanges. And that is a, I think, a very valid assumption, but in some ways that comes from a world that predates computerized global interoperable connectivity. And that the idea that arbitrage opportunities should exist between comparable, centralized financial exchanges feels a little outdated, honestly. That the thesis of Solana as one global state machine to settle all of the world's trades and information, that's a very compelling, decentralized narrative story, but you can also see the exact same thing where you would have interoperable order books between something like FTX and Coinbase. Is that anything that, are there conversations anywhere about building some of those interconnectivities that you see in the traditional equities world still, within like centralized crypto exchanges? Because there is no NYSE for centralized crypto exchanges yet.Brett (31:42):I have actually the complete opposite take to what you're describing here, which is US equity markets have to abide by this rule called reg, or regulation, NMS, or National Market System, where you have to fill a customer quote at the best price seen on any exchange, any one of the lit exchanges, of which they're like 15 now. So that means like, let's say you want to go send an order to NASDAQ and NASDAQ thinks that they are one penny behind the price on BATS. Well then NYSE either has to reject your order or route your order to bats and get filled. There's a big problem with this. Actually, there are multiple big problems with this, in my opinion.Brett (32:24):One is that light is not infinitely fast. And so what is the kind of prevailing quote is going to depend on where you are. Because of those 15 exchanges, some of them are in Secaucus, New Jersey. Some of them are in Carteret, New Jersey. Some of them are in Mahwah, New Jersey. Some of them are in Chicago, Illinois. And so there's no one place where you can have the absolute truth of what the best quote is. And even above that, the second big problem here is you have to pay a lot of money just to get the market data required to make that determination. And then third, if you're going to do that, some HFT with slightly faster hardware and market data is going to detect that routing and probably beat you there. And they're going to profit off that opportunity.Brett (33:10):While I think that NMS was well intentioned at the time that it was created, which was somewhat before the real advent of electronic markets, now that we have electronic markets, I actually think that NMS has added a lot of complication, and fixed cost, and deadweight loss to the system of equities, and made things like very difficult to sort of spin up as a new exchange. Compared to, in crypto where there was never like an NMS routing between exchanges, but there doesn't really need to be because there's someone whose job it is to arbitrage between the exchanges and keep them in line. And they're paid naturally for the job of doing that. And so the market forces keep the exchanges in line and that works extremely well, and makes crypto very low cost and low barrier to entry for new participants.Brett (33:56):You don't have to hook up to every single exchange. You don't need to send your market data to some central thing, which has to display the quotes everywhere. And you can't accept orders, if it doesn't look like it's on the top of the book of that far away aggregator. It means that exchanges can exist sort of more globally instead of all being centralized mostly in New Jersey or something like that.Austin (34:14):Yeah.Brett (34:14):So there's been so many benefits to that. And then the other thing I want to say about this is, look, there's never going to be just one of anything. The only real way to kind of get rid of an arbitrage opportunity is to only have literally one order book. And even on Solana, you have different order books for SOL, USDC. And some of them might be kind of built off of similar primitives, but there's still going to end up being kind of arbitrage things between this swapping tool and this DEX order book and this centralized exchange, it's always going to exist.And so I think we should just thank the arbitrageurs for their service and just be happy with the fact that we can have multiple marketplaces. I think that's the ultimately right thing for competition.Austin (35:00):Do you think crypto needs market hours?Brett (35:02):No.Austin (35:03):We'll never get them, but I'm curious if you think it would help or hurt the industry?Brett (35:06):No, I don't. One thing I've kicked around in my head at some points is, something like whether one time per day, there should be an auction. Basically like a five second freeze or something, where people can submit bids and offers. And there's like a single kind of auction type clearing event that establishes an official mark for the day in that crypto. And there's a lot of different market structure theory between whether an auction type mechanism or a continuous trading mechanism is ultimately better and fair for our participants. And there's just lots of research in both directions. But that could be interesting to me to have some sort of discontinuous event, maybe once per day. It would help for things like ETFs that want to sort of mark their basket to sort of a day over day performance and they need sort of an official closing mark, and it would be nice to have sort of a single auction event for that. But I don't feel strongly about that at all. And in general, I think that 24/7 markets are the way that every other market has to go.Austin (36:05):Yeah. I agree with you on that. So I put out a call on Twitter that was like, oh, what are people most interested in learning about from FTX, apart from a rundown of all of your cats, which we don't have time for today. One of the ones is what is the process of evaluating the listing of a token looks like. Obviously replies are full of people shilling their specific coin. But there are also some real genuine questions in there about like, you see Coinbase having taken a very, very sharp turn in what the criteria they use for listing a token is over the course of the last 12 months. How do you and FTX.US think about that?Brett (36:40):So we have taken the position, as a company, that we would like to be very conservative on token listings in the US. And that is because a lot of the issues we talked about earlier in the podcast about the regulatory uncertainty around what US based crypto companies are allowed and not allowed to list. And I think there might become a point at which listing criteria becomes clearly well defined by regulators, at which point we will basically take as much risk as it allowed to us. But for now we think about what is our comparative advantage as a company? Is it to list the long tail of 500 tokens? Or is it some of these other things that we're doing that maybe some of our competitors are not going to be able to do in the short term? So the biggest one for us is listing Bitcoin and Ether futures for US customers.Brett (37:32):And we think that has such a greater potential to improve the health of the market. Give people opportunities for hedging risk, and being able to get capital efficient exposure, and to be able to trade the spot versus the future and capture the basis. This is much more important to us than listing that 200th asset on CoinMarketCap. And we're concerned that some of our actions in the latter might jeopardize our success in the former.Austin (38:00):Interesting.Brett (38:00):So we're just sort of, we have different risk profiles in the different aspects of what we want to do. And that's part of the decision there as well. We're also moving very much into some non crypto things. Like we're a student launching a stocks trading platform that's going to be vanilla US stocks through a broker dealer, all trading through like an exchange that's not ours. So we have just sort of different ways of thinking about diversifying our product set. And for now, I think as long as the regulatory environment remains this unclear, we're going to stay on the conservative side of that.Austin (38:33):One kind of last question before we wrap up here. With the amount of market volatility we have seen in the last few weeks here, the sort of precipitous drop in the first half of May, what are you excited for and hopeful for about the future of this industry in the United States?Brett (38:52):Yeah, it's natural for these times of great volatility and certain assets dropping a lot in value, for people to sort of turn inward and maybe lose sight of the broader mission. And we have to remember that we are building a generational opportunity for technology and for wealth creation. And many have already benefited from this, but we have much more to go on all the promises that we have. I mean, just think about how one of the main things people have talked about for crypto is creating this kind of global payments network for people to sort of cheaply or freely send money for remittances and things like this. I think we have yet to really fulfill that promise. So regardless of where asset prices go, we have to, as everyone says, keep building.Brett (39:39):And we're just excited for people to continue to push forward and continue to sort of responsibly innovate, and hopefully show people in the United States, especially policy makers, that even though assets can be volatile... I mean, equities have lost more money in value in the last month than crypto has, and people sort of forget that sometimes. But in spite of downward cycles in markets, there's a real intrinsic value to what we're all doing here. It's not just pure speculation. And we need to do everything we can to keep that going, and keep building, and keep investing.Austin (40:13):Well, Brett, thank you so much for joining us today on the Solana podcast.Brett (40:17):Yeah. Thanks for having me on.
The great John Sayles is next up on the Post Mortem slab! Renowned for his directing and writing with such movies as films Return of the Secaucus 7, Passion Fish, Lone Star and many more, John sits down with Mick to discuss the his winding cinema journey, approach to work and much more. POST MORTEM WITH MICK GARRISNICE GUY PRODUCTIONS 2022See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome to the 98th episode of the Meta Pod #podcast, the #PokemonTCG podcast that revolves around the evolving meta! AtrociousGameplay sits down to discuss the recent #PlayPokemon Regional Championship results of Perth, Lille and Secaucus! -- Reach out to us with any thoughts or topic suggestions via Twitter: https://twitter.com/metapodtcg Check out the Meta Pod YouTube: https://www.youtube.com/channel/UCWcPqrzElSZKqYOIkMgOZuw Here are a few of the other places where we make content: Sean's YouTube: https://youtube.com/gyrosean Jake's YouTube: https://www.youtube.com/channel/UCiRient-vmVuy42V-kdeZnA Sean's Twitch: https://www.twitch.tv/gyrosean Jake's Twitch: https://www.twitch.tv/atrociousgameplay --- Support this podcast: https://anchor.fm/metapodtcg/support
New Jersey has a regional championship coming just around the corner. And you know what that means: Tag Team is here to deliver you the best content in the game! Come listen into the top decks for Secaucus and hear a sneak peek of Astral Radance. Tag Team is brought to you by MANSCAPED! Use code TAGTEAM at checkout for 20% off and free shipping.
Blowing the dust off some old diaries, we reflect on how kasina meditation generates magical powers, exploring: kasina practice and its rejuvenation by Daniel Ingram; the corruption of the original texts; the need for fresh terminology; different types of kasina; how a kasina is used; the importance and use of the retinal after-image; the cultivation of siddhis or “psychic powers”, and what these include; the circumstances of my first fire kasina retreat; the daily schedule; stages of the practice: after-image, red dot, black dot, and the murk; scrying into the murk as a means of realising a magical intention; a vision of a deity and “parallax imagery”; the experience of images that act like perceptions; the differences between perceptions and images; a thought experiment from Jean-Paul Sartre; perceptions as that which is given; images as a manifestation of an intention or will; different types of images and their commonalities; perceptions as offering endless perspectives on reality, and images as offering endless possibilities for departing from it; the characteristics of external images or media; perceptions as analogue and images as digital; magick and the erosion of the difference between imagery and perception; fire kasina as a hacking of the physiology of eye and brain to disrupt this difference; “seeing” with the mind, not the eyes; timescales for building the degree of concentration required; experiences of “travels” to different places; an experience of “the low-resolution vision space”; “the high-resolution vision space” and encounters with discarnate, sentient beings; meeting the Thai Spider Buddha; the strange experience of entering the high-resolution vision space; reflections on the nature of kasina practice; concentration as a limited means of manifestation; a warning about the shadow sides of kasina practice. Support the podcast and access additional content at: https://patreon.com/oeith. Buy me a coffee at https://ko-fi.com/oeith or https://www.buymeacoffee.com/dbarfordG. Or you could send me a lovely book from https://www.amazon.co.uk/hz/wishlist/ls/1IQ3BVWY3L5L5?ref_=wl_share. Bhadantácariya Buddhaghosa (2011). Path of Purification (Visuddhimagga), translated by Bhikkhu Nanamoli, https://tinyurl.com/2p9aup6j(accesstoinsight.org). Accessed May, 2022. Daniel Ingram (2018). “Fire Kasina Practice” In: Mastering the Core Teachings of the Buddha, second edition, https://tinyurl.com/2usvrcu5 (mctb.org). Accessed May, 2022. Jean-Paul Sartre (1972). The Psychology of Imagination. Secaucus, NJ: Citadel. Shannon Stein & Daniel Ingram (2017). The Fire Kasina: Questions and Answers on Retreat with Practice Notes and Commentary, https://tinyurl.com/3m8y58bv (firekasina.org). Accessed May, 2022. Arahant Upatissa (1961). The Path of Freedom (Vimuttimagga), translated by Rev. N.R.M. Ehara, Soma Thera, & Kheminda Thera, https://tinyurl.com/4crx5m55 (urbandharma.org). Accessed May, 2022.
Regionals in full swing, Aeos Cup ready to go, and dreaming about Secaucus! This episode's got it all. We've even got a new name for our Pokemon Cry-guessing game! Welcome to Fake Tears!
Kevin Durant & Kyrie Irving is a perpetual crisis of leadership...
This episode of the podcast has been brought to you by Updates for Old Video Games and Secaucus Junction via NJ Transit Corporation.Secaucus Junction Audio by Khris the Railfan: https://youtu.be/P9-GpB_KpIsDiscussed: Tunic, Mario Kart 8 Deluxe Booster Course Pass, Downloadable Content, Updates, Trains, Secaucus Junction, Purgatory, The Island from LOST, Ethereal Prism Zones, Hidden Pathways, The Joys of Discovery, The Horrors of Discovery, I'm Stuck, I'M STUCK INSIDE SECAUCUS JUNCTION, SOMEBODY---Find us everywhere: https://intothecast.onlineJoin the Discord: https://theworstgarbage.onlineFollow Stephen Hilger: https://twitter.com/StephenHilgerFollow Brendon Bigley: https://twitter.com/brendonbigley---Produced by AJ Fillari: https://twitter.com/ajfillariSeason 4 Cover Art by Scout Wilkinson: https://scoutwilkinson.myportfolio.com/---Join the Patreon: https://www.patreon.com/intothecastThanks to all of our amazing patrons! | Julia | Douglas D | Kaelan T | Honshew | Dan | Gregory | Austin K | Tony D | Mike T | no name | Espen S | Shaun K | Michael C | Maarten G | Paige A | Katie | The Family Computers | Pearson B | Anna E | Codes | Jim VDH | Matt B | Andy M P | Wesley | Logan W | Laslie C | Charlie D | Erik B | Heath S | Marc H | Connor S | Adam V | Ronin W | William W III | Jonathan B | Will N | Mike | Brandon T | Daniel R | Adam L | David H H | Nick V | Mike K | Eric A-F | Judith S | Alejandro M | Susannah G | Mush | Al F | Mick W | Keith S | Markus W | AggressiveToast | Liam R | Pippin N | Matt M | Minh N | jorgamund | Butterfly Bandit | Naman B | Gabe O | Josh H | Bellspr00ut | Kite | Doug | Lasse B | Retromation | John Thomas F | Juanda | Adam L | Geocracy | George L | b0rt | Elen R | David D | Casey D-VA | Zach B | Alex L | Connor C | Jeff N | Baker S | Daniel M | Adam S | Sergio L | Kyle S | ninjadeathdog | Sous Chef Russell | Greg | Zachary G | Adnan S | Celia S | Chris P | Lukerfuffle | David O | Kelly | Rory B | Adam V | JTH | David M | Varsha S | Stumpy J | Verlinp | Matthew W | Andy S | evie | A42PoundMoose | Sam T | Maxwell H | Robert M | Jonah K | Morgan M | Robb S | Owen P | Samuel H | Michael W | Andrew S | Tom | Mitchell J | Justin M | Will L | InterJustin | Evan H | Sam B | Robert O | Xavier K | Charlie E | Theresa N | Jamal M | Korey | Thomas W | Monte J | Liam M | Nick S | Jellums | Peter R | Jennifer S | Will H | Derek H | Brian D | Augusto D | Ethan K | Michael O | Brandon B | Peter H | Matt S | Albatross Soup | Noah H G | Christiaan S | Nick P | Ryan O | CosmicBluesMinis | Derek N | Megan T | Josiah R | Austin B | Kaija R | Khaleel G | Rowan | Sam S | Hunter F | Togame1 | JT | John H | Makenzie B | James O | SalivationArmy | Bishop_Tacos | Alex L | Dakota K | Ryan H | Blake M | Wanda S. | Scott T | Rachel L | Ian B | Onatah | Samuel H | Myles H | Wiley K | Moonstone5tella | garretsr | Eric D | Latte709 | Phillip F | Charles S | The WolfeKnight | Patrick M | Michael N | Brigitte L | Lee R | James Y | Reuben J | John C | Anisa | Maurice | Nick M | Trey L | Sam N | Madeleine | Randal S | Matthew M | leigha | Michael N | Connor | Garrett P | Justin W | Brendan K | Michaela | Adam G | Sebastian P | Júlía H | Marc | Christopher S | Alanna O | Scott R | Jackson F | Megan B | Erika Y | Christopher D | Matt D | Sebastian E | Liam B | Meredith | wreck | Daniel C | Coop | Brian M | Richie | Alexander M | Andrew K | Roc B | Alex G | Dan O | Laura W | Roberto S | Leo C | Wishbone | saddlebread | Roberge | Ian A | Max M | Michael V | Kyle R | Selina A | Noah O | Rich E | Michael G | Arcturus | Raihan S | Matthew M | Rowan S | Chris R | leastest | Kyle L | Anthony G | Adam | The Binding of Andrew | Hepahe | Jake L | Conor P | Cory F | Luke L | Matt C | Cian | John J P | GJ C | Mr Mallard | Sarah G | Vanessa J | Jack F | Kelsey J | Chase A | Elyse H | Anna | Nick Q | Tom H | Wes K | Erica S | Maria D | Chris M | RB | Jared B | Toots M | Aaron D | David C | Karen H | Walter N B | Kristin T | Joseph P | Tom W | Chad W | Chy J-B | Michaela W | Ryan W | Adam F | Scott H | Denys T | Lauren H | Andrew M | Alexander St. P | Griffin F | Ben G | killian | Therese K | Matthew V | Nick C | Zach A | SpagooliDude | Andrew L | Justin H | Alyssa R | jgprinters | Rob K | Justin C | Jess B | Matt H | bsushi | sebsab | Lilie G | Ian L | Chris | Pat M | markh | Craig | Matt F | Sebastian V N | Joeri B | Maryanne D | SkinTightAlloy | Dennis C | Eliot O B | Shelly B | William L | Brendon T | Robert S | Murray | Trevor B | salutepeezy | Andrew D | David P | Alex M | Catherine O | Josh G | noname | Jason | Bede R | Mark O | Jeff C | Brett S | Inês G. | Kim M | Kamrin H | Minh T | Andrew D | Marxelle | Akira | Christopher B | Melimuffinpie | bolt | Scout W | Philip N★ Support this podcast on Patreon ★
Who loves subtitle movies? Well Bobby Slayton (@pitbullofcomedy) sure hated a recent Oscar winner that has subtitles and that film is Parasite. The story of a grifting South Korean that folds pizza boxes irks Bobby so much that he had to come on (taped back at the start of quarantine!) to explain why the Oscars got this wrong. @KevinGootee and @KevinIsrael_NJ are ASTOUNDED (no hyperbole, it's a first that occurs on this podcast) when Bobby drops a certain piece of knowledge in his argument. Do the Kevins put down the pitbull of comedy's argument like a stray? Did you get your tickets for the next GTSC live show yet? That's right, come join us on 3/26/22 at the Kerasotes Movie Theater in Secaucus, NJ. 2 of our favorite gutters return; Bill Schulz and Joanne Nosuchinsky from Compound Media, to attempt to downsize the corporate America satire, Office Space. That's right, the Mornin' show duo wants to bash the skull of this film with a certain stapler. Come out and see how the fudge is packed. Tickets can be found at https://www.eventbrite.com/e/gutting-the-sacred-cow-live-podcast-and-movie-tickets-266494962607 and we have a promo code for you. But we're going to make you guess the promo code with this hint: it's a phrase we always say! Type that phrase in with no spaces!Check out our sponsor, www.athelticgreens.com/gtsc Then, you'll get 5 travel packs along with a year's supply of Vitamin D for FREE. And it helps us out in the long run!And a new sponsor joining us this week, Hydronique Hyrdration. Check them out at www.hydroniquehydration.com or at Amazon where they're offering a discount code at checkoutDon't forget, you can find us on all podcasts platforms: apple iTunes, Spotify, google, spreaker, stitcher, iheartradio, castbox. You name it and we're on it! And you can also see our handsome yet smug faces on Youtube as well. https://guttingthesacredcow.com/where-to-listen-see-us/ Hello to our new friends! We love it when you click "subscribe", like us on social media, and most importantly when you tell your friends/family about our podcast. Looking to sell your product, advertise your services, or raise brand awareness? We'd love to help you and we can be reached at guttingthesacredcow@gmail.comThank you ALL for continually shouting us out on social media, we love when you do that as well as leave us those 5 star rating and 2-3 sentence reviews. Guttingthesacredcow.com is where you find us every day giving YOU those movie quotes, movies news, THAT DOESN'T HAPPEN, and more! We're now doing over blogs, video style, at Patreon now: patreon.com/guttingthesacredcow Social media for the gang: @KevinGootee on Twitter, FB, IG. www.kevingootee.com@kevinisrael_NJ on twitter, FB, @Kevin_israel_comedy on IG www.kevinisrael.com @conlin_lauren
The Molly Ringwald/John Hughes trifecta is now complete as Lauren Conlin (@conlin_lauren) climbs aboard the SS Gutting the Sacred Cow to set that same "awkward high school girl fights off nerds" story yet again. Can Long Duck Dong and Anthony Michael Hall make this film bulletproof? Do @KevinGootee and @KevinIsrael_NJ make this a clean sweep against another Molly and John joint that crumbles after time like 59 year old newspaper?Did you get your tickets for the next GTSC live show yet? That's right, come join us on 3/26/22 at the Kerasotes Movie Theater in Secaucus, NJ. 2 of our favorite gutters return; Bill Schulz and Joanne Nosuchinsky from Compound Media, to attempt to downsize the corporate America satire, Office Space. That's right, the Mornin' show duo wants to bash the skull of this film with a certain stapler. Come out and see how the fudge is packed. Tickets can be found at https://www.eventbrite.com/e/gutting-the-sacred-cow-live-podcast-and-movie-tickets-266494962607 and we have a promo code for you. But we're going to make you guess the promo code with this hint: it's a phrase we always say! Type that phrase in with no spaces!And make sure you visit our sponsor, www.athelticgreens.com/gtsc Then, you'll get 5 travel packs along with a year's supply of Vitamin D for FREE. And it helps us out in the long run!Don't forget, you can find us on all podcasts platforms: apple iTunes, Spotify, google, spreaker, stitcher, iheartradio, castbox. You name it and we're on it! And you can also see our handsome yet smug faces on Youtube as well. https://guttingthesacredcow.com/where-to-listen-see-us/ Hello to our new friends! We love it when you click "subscribe", like us on social media, and most importantly when you tell your friends/family about our podcast. Looking to sell your product, advertise your services, or raise brand awareness? We'd love to help you and we can be reached at guttingthesacredcow@gmail.comThank you ALL for continually shouting us out on social media, we love when you do that as well as leave us those 5 star rating and 2-3 sentence reviews. Guttingthesacredcow.com is where you find us every day giving YOU those movie quotes, movies news, THAT DOESN'T HAPPEN, and more! We're now doing over blogs, video style, at Patreon now: patreon.com/guttingthesacredcow Social media for the gang: @KevinGootee on Twitter, FB, IG. www.kevingootee.com@kevinisrael_NJ on twitter, FB, @Kevin_israel_comedy on IG www.kevinisrael.com @marvel_mmo
Are you an idea person or are you an idea implementer? How can you get others to buy into your ideas? In this episode, Mary and Chris offer strategies to get your great ideas heard and implemented! Bewitched in Boulder loves (his) big ideas. The problem? He doesn't like to implement them. Is there a way that he can job craft himself out of implementation?Workplace Newbie in Wisconsin can't get her “older” managers to buy into her new work ideas. How can she get her ideas “heard” by senior folks?Siloed in Secaucus has a great idea for another department. Is there a way that they can pass on this idea without overstepping their role? Show us your love! Please give us a review wherever you listen to your podcasts. We're here to help you succeed! Send us your workplace dilemmas or career questions. Email us: info@cubicleconfidential.com or tweet us: @cubicleconfide1. All names will be changed to protect the guilty and innocent...Recommended Books:Blue Ocean Strategy, by W. Chan KimSix Thinking Hats, by Edward De Bono
In this episode, we chat with Louis DiGiovine PT, who is a clinically talented orthopedic manual therapist with 41 years of experience. Lou graduated from the very first class at The University of Medicine and Dentistry of New Jersey (UMDNJ) in June 1980 giving him the distinction of being one of the first eighteen physical therapists graduating in the State of New Jersey. He continued that “pioneering” spirit when he took his first position as a staff therapist at the busy and reputable Christ Hospital in Jersey City, NJ. Working and training in an urban General Hospital provided him with a strong background in medical and surgical knowledge. In 1983 he became a co-founder of Hudson Heights Physical Therapy (one of the first few private practices owned by physical therapists in New Jersey). Through that organization, he performed contract-hospital work at St. Mary's Hospital in Hoboken, Palisades General Hospital in North Bergen, Meadowlands Hospital in Secaucus, Essex County Geriatric Facility in Belleville, The Industrial Medicine Center in Secaucus, Union City Visiting Nurse Association, and Christ Hospital Homecare Agency for more than five years. During those early years, he attended many extensive training courses, workshops, seminars, in-services, study groups, and conferences throughout the country. Lou learned all of this extensive training to become the best physical therapist that he could be and provide his patients with the best care possible. Throughout his early professional years, his primary area of interest and goals was to become an orthopedic manual therapist with a specialty in spine care. In time, Lou became known as a “spine therapist” and as a result received many more referrals from spine care physicians, also helping him to accelerate his knowledge base in the treatment of spinal injuries, conditions, and surgeries. It was through the discovery process of learning spine care and treating many patients that Lou became acutely aware of the relevance and close interrelationship of back and neck problems, TMJ dysfunction, headaches, upper quarter dysfunction, shoulder problems, posture and pain, orthotics, body mechanics, ergonomics and lifestyle management. All of which he has received specific training and education. He has lectured on these topics to study groups, in-services, seminars, physical therapy students, industrial work sites, corporations, athletic organizations, and varied community groups. Throughout the past twenty-nine years, Lou has participated in various treatment programs and clinics including sports medicine clinics, amputee clinics, prosthetics and orthotics clinics, arthritis clinics, work hardening, worksite ergonomic assessments, pre-employment screens, and pre-season athletic screenings. In 1996 Lou founded Excellent Physical Therapy Back and Neck Care an orthopedic physical therapy private practice dedicated to the treatment of spine care. Within the practice, he developed and implemented administrative and treatment standards of care through policies, procedures, and protocols. The interweaving of professional knowledge and experience with tested business practices is what made Excellent Physical Therapy a very unique facility where dedication to excellence was evident. Lou DiGiovine PT continued his training and education by establishing a working relationship with two recognized spine surgeons and performing rounds with the physicians and their patients six hours per week for eight years. This once-in-a-lifetime experience allowed him to gain an understanding of the complete spectrum of spine care treatment including medicine, pain control methods, epidural injections, spinal diagnostics, indications, and contraindications of spine surgery, types of surgeries alternative care, and spine surgery rehab. Lou is an active participating clinician of the New Jersey Spine Institute, North American Spine Society, and The American Physical Therapy Association. He is licensed by the New Jersey State Board of Physical Therapy. He has inspired others to follow his lead and with the addition of experienced and qualified staff over the years, he has expanded the scope of Excellent Physical Therapy to include all orthopedic musculoskeletal conditions including the treatment of knees, shoulders, fractures, joint replacement, pediatric and geriatrics. (Since recording this interview, Lou's practice has been acquired by Jag-One Physical Therapy. Lou continues to practice here and is also the Clinical Director.) Highlights of this podcast include: Upper quarter dysfunction Postural syndromes Orofacial pain TMJ Trigeminal neuralgia Spine-health Back pain and rehabilitation Progressing through therapy Trigger Points (network) Soft tissue release Posture Throat/Neck pain Pterygoid muscles Tinnitus Subclavius muscle Heat vs Ice And So Much More! To learn more about Louis DiGiovine PT, please visit JagOne.com. Bedminister NJ Location. To learn more about the sauna Dr. Perry and Luisa use, please visit Therasage.com use code STOPCHASINGPAIN at checkout for 15% discount.
On this episode, film critic and historian Edward A. Havens III begins a two-part look back at the 1980s films of one of cinema's truly gifted storytellers, John Sayles. ----more---- We talk about his beginnings in upstate New York, his college years, where he would meet several of his regular future collaborators, his early career as an author, his time as a screenwriter for the legendary film producer Roger Corman, and into the first three movies of his filmmaking career. The movies discussed in this episode include: Alligator (1980, Lewis Teague) Baby, It's You (1983, John Sayles) Battle Beyond the Stars (1980, Jimmy T. Murikami) The Big Chill (1983, Lawrence Kasdan) E.T. The Extraterrestrial (1982, Steven Spielberg) The Lady in Red (1979, Lewis Teague) Lianna (1983, John Sayles) Piranha (1978, Joe Dante) Poltergeist (1982, Tobe Hooper) The Return of the Secaucus 7 (1980, John Sayles)
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