Crypto & Coffee

Originally aired on August 18, 2023

In this wide-ranging episode, hosts Nick and Brandon covered crypto security tips, updates on their new Digital Investor service, AI developments, workforce impacts from AI, crypto market turmoil, and more. Nick advised being extremely careful with private keys, avoiding suspicious links, and going slow in crypto to avoid scams. The hosts announced that their new Digital Investor service focusing on crypto investing will launch September 1 behind a paywall. They discussed AI startups, apps, adoption across industries, and the need for workers to learn AI skills. Nick and Brandon analyzed reasons for the crypto crash including old SpaceX bitcoin selling, Evergrande’s bankruptcy, and Fed rate hike fears. They critiqued the Algorand team’s poor communications and examined a Congressman’s opposition to central bank digital currencies.

How to safely invest in crypto:

• Don’t share private keys or passwords
• Avoid suspicious links and scammers
• Take it slowly and carefully in crypto

Launching a new crypto investing research service:

• Digital Investor service starts September 1
• Will be behind a paywall then
• Currently public shows until September

AI adoption and impacts across industries:

• AI startups emerging globally
• Social media app uses AI-generated images
• Companies racing to leverage AI
• 40% may need job retraining

Analyzing causes of the recent crypto crash:

• SpaceX previously sold its bitcoin
• Chinese developer Evergrande bankrupt
• Fed rate hike fears, but overblown
• Liquidations cascade in futures markets

Congressman opposes central bank digital currencies:

• Sees dystopian risks from CBDCs
• Plans to introduce bill criminalizing them
• But CBDCs seem inevitable globally

Algorand team failed to effectively communicate:

• Token hit all-time lows in selloff
• Team seen as arrogant and out of touch
• Hurting token price and community

Originally aired on August 16, 2023

In this episode of Crypto & Coffee, Nick Black and Toufii Saliba discuss the recent developments in Hypercycle, a digital investor. They touch upon Toufi’s recent conference experiences and the overwhelming amount of support they have received from the community. They also hint at a new partnership in South Korea that involves a spin-off company called HyperAppliance. HyperAppliance aims to build home appliances that can run AI computations and pay for their own electricity while also generating extra income for the users. The hosts emphasize that the focus is on the security and benefits provided by the network rather than immediate financial gains. They also mention the introduction of ERC721, a portable device capable of gaining value and distributing profits among beneficiaries. Overall, HyperAppliance is seen as a significant step towards creating a secure and profitable ecosystem.

What is Hyper Appliance?

• Hyper Appliance is a spin-off company of Hypercycle that aims to build home appliances designed to run AI computations.
• The appliances, known as hyperboxes, can heat homes while also paying for their own electricity and generating additional income.
• The focus is on utilizing potential energy efficiently and bridging the gap between potential energy and thermal energy.

How can users benefit from Hyper Appliance?

• Users have the opportunity to maximize their earnings by owning the machine, node license, and tokens associated with the appliance.
• The appliance pays for its own electricity and has the potential to generate additional income if conditions are met.
• Exact numbers and profits cannot be determined until the full ecosystem of nodes is established, but the aim is to provide a more beneficial alternative to traditional space heaters.

What are the additional benefits of Hyper Appliance?

• The large number of nodes running Hypercycle increases the overall security of the ecosystem.
• The AI compute capabilities of the nodes and the introduction of ERC721 provide added benefits that can be quantified over time.
• The focus is on providing added value to customers while also creating a profitable ecosystem.

How can users get involved in Hyper Appliance?

• Users can express their interest in being part of the first batch of appliances by reaching out through the company’s website.
• Open arms are extended to users who want to give feedback or have the opportunity to sponsor the devices.
• Sponsoring the devices can be an option for those who want to contribute without directly purchasing the appliances.

In this episode of Crypto & Coffee, the Nick visits Drive LA, an exotic car rental company in Los Angeles owned by Eric Hallum. Eric, who is also a police officer, discusses how his background in law enforcement has helped him protect the assets of the business and establish strong partnerships with vendors. He emphasizes the importance of providing top-notch service to customers and creating a laid-back and friendly atmosphere at Drive LA. Eric shares insights into the rental pricing of different luxury vehicles and reveals that Drive LA is expanding into the classic car market. He also offers advice for aspiring business owners, emphasizing the need to persevere and learn from mistakes.

What led Eric from being a police officer to entering the exotic car rental business?

• Eric’s background in law enforcement has equipped him with the skills to protect assets and read people, which are essential in the car rental business.
• Eric emphasizes the importance of delivering excellent service and making customers feel like they’re getting into a private vehicle rather than a rental.

How does Drive LA ensure the preservation of its cars and maintain good partnerships with vendors?

• Drive LA has strong partnerships with vendors that help in keeping the cars in good shape.
• Eric and his team take pride in maintaining the cars so that they don’t feel like typical rental vehicles to customers.

What are the price ranges for renting luxury vehicles at Drive LA, and what alternatives are available?

• Depending on the duration of the rental, prices for luxury vehicles at Drive LA range from $1,700 for a weekend to higher amounts.
• Drive LA offers alternative options to customers who don’t want to spend as much money on renting a luxury vehicle by providing similar models at a lower cost.

How has Drive LA scaled its business from a few vehicles to a fleet of over 100 cars?

• Drive LA started with a couple of cars and steadily added more based on the demand, considering factors such as inventory, mileage, and the need to add new models.
• The business expansion includes venturing into the classic car market, which has proved successful.

What advice does Eric have for aspiring business owners?

• Eric advises aspiring business owners to stay the course, even in challenging times, and evaluate the way they do things to make informed decisions.
• He also stresses the importance of perseverance and creativity in overcoming obstacles.

Originally aired on August 16, 2023

Nick Black and Brandon provided an overview of cryptocurrency and investing education, covering topics like security tips, upcoming livestreams, coin analysis, and wallet tracking.

What crypto security tips did Nick share?

• Don’t share private keys
• Avoid clicking suspicious links
• Scammers want to steal your crypto

What upcoming livestreams did Nick mention?

• Digital Investor livestreams starting soon
• Monday, Wednesday, Friday at 8am
• On Theta and Twitch

Which coins did they analyze?

• Fetch under $0.15 looks good to Nick
• Brandon likes Cardano under $0.30
• Nick said he’d buy Algorand under $0.10

What did they show with the wallet analysis?

• Public blockchains allow tracking all transactions
• Saw suspicious transfers out of a scammer’s wallet
• Blockchain transparency reveals truth

Originally aired on August 14, 2023

Nick Black and Brandon discuss the latest developments in cryptocurrency and AI technology. They warn listeners to be vigilant about crypto scams and not sharing private keys. The hosts review crypto news, including speculation around SEC approval of a Bitcoin ETF. They also cover AI topics like the high costs of operating chatbots, security vulnerabilities with leading AI systems, and the demand for quality data to train AI models. Throughout the free-flowing show, Nick and Brandon banter back and forth, poke fun at each other, and share personal stories.

What crypto security tips did Nick share?

• Don’t share private keys, passphrase, or passwords
• Be wary of suspicious links – scammers try to steal crypto
• Use secure practices like new wallets, browsers for compromised accounts

What is happening with a Bitcoin ETF approval?

• Former SEC attorney predicts no spot Bitcoin ETF approval currently
• SEC remains opposed to spot Bitcoin markets
• Bitcoin markets seen as prone to manipulation
• Approval may come in 2024 with new administration

What is the demand for AI data about?

• Quality data critical to train and advance AI models
• Legal battles arising over data rights and usage
• Intense competition to obtain valuable datasets
• Key commodity for companies to harness AI potential

What were the key AI developments discussed?

• Chatbot operating costs very high, raising viability questions
• Hacking contests uncover vulnerabilities in leading models
• Cameras with AI help track wildfires and species in UK
• Leverage AI chatbots for tasks like presentation slides

Originally aired on August 10, 2023

In this Crypto & Coffee episode, hosts Nick Black and Brandon cover a wide range of crypto topics. They start with an important security warning – never share private keys or click on suspicious links, as thieves are always trying to steal crypto assets.

Brandon then previews new features coming soon to The Digital Investor site, including pricing data, educational videos, important crypto links and more. The improved dashboard will provide Digital Investor members with helpful tools and resources.

Analyzing the markets, Nick notes Bitcoin barely reacted to the latest CPI data, suggesting crypto is decoupling from legacy finance movements. He highlights whales accumulating Cardano.

The SEC has filed to appeal the Ripple lawsuit, though settlement could take over a decade. Meanwhile, leveraged trading pairs like ADA and MATIC are being delisted from Binance.

Nick argues the proliferation of layer ones is unnecessary – consolidation is needed in the industry. He still sees potential in Filecoin under $5 and thinks The Graph looks attractive for trading.

Brandon recounts almost getting scammed on a fake NFT site, warning listeners to never click unknown links or connect wallets to sketchy platforms. Always verify site domains and addresses.

Returning to altcoin analysis, Nick shares thoughts on Cosmos, Polkadot, RenderNetwork and more. He and Brandon remain bullish on SingularityNET’s upcoming V2 launch.

On macro news, Nick agrees with the Federal Reserve’s new scrutiny on stablecoin risks, arguing it’s reasonable governance to balance innovation and integrity.

Brandon reveals technical details on PayPal’s new stablecoin contract and its asset freezing capabilities, showing how crypto is pivoting towards necessary compliance.

For the “wallet of the day” segment, an Ethereum whale burning valuable NFTs worth fortunes perplexes the hosts, who debate motives and theories.

Finally, a tutorial on MetaMask’s bridge feature is previewed, with tips on transferring assets across bridges.

What crypto security tips did Nick share?

• Never share private keys
• Don’t click suspicious links
• Go slow and be careful

What’s new on The Digital Investor site?

• Pricing data and crypto links
• Educational videos
• Upgraded dashboard access

How are crypto markets decoupling from legacy finance?

• Bitcoin shrugged off latest CPI data
• Whales accumulating Cardano

What regulatory pressure is Ripple facing?

• SEC filed to appeal lawsuit
• Settlement could take over 10 years

Which altcoins does Nick remain bullish on?

• Filecoin under $5
• The Graph for trading
• SingularityNET V2 launch

What stablecoin insights did Brandon reveal?

• PayPal’s contract allows asset freezing
• Shows pivot towards compliance
• Necessary for crypto governance

Originally aired on August 8, 2023

Nick Black and Brandon discussed several topics related to cryptocurrency and blockchain technology in this wide-ranging episode. The hosts covered recent news and developments in the crypto space, including PayPal’s launch of its own stablecoin, potential regulations around stablecoins, and updates on the ongoing Ripple vs SEC lawsuit.

Overall, Nick and Brandon provided perspective on adoption trends, analyzing how moves by major players like PayPal could impact crypto’s mainstream traction. They also unpacked issues around accountability and ethics for stablecoin issuers. Throughout the episode, the hosts offered tips for security, assessed the state of the market, and considered the road ahead for Bitcoin.

What is PayPal’s plan with its new stablecoin?

• PayPal launched its own stablecoin Pax Dollar (PUC)
• The stablecoin is issued by Paxos and built on Ethereum
• Allows new types of crypto transactions within PayPal system
• Could be a ramp for crypto deposits and off-ramp for withdrawals

What regulatory concerns surround stablecoins?

• Politicians calling for clear regulations, concerned about risks
• SEC’s Hinman controversy highlights issues of bias, conflicts
• Need for transparency and integrity around stablecoin issuers

How did Nick and Brandon evaluate the crypto market?

• Green market not likely until 2023
• Spot Bitcoin ETF approval could drive bull run
• Makes sense to start dollar cost averaging into Bitcoin

What tips did Nick share on security?

• Never share private keys or click suspicious links
• Scammers relentlessly try to steal crypto
• Use hardware wallets and be vigilant

How is AI impacting the crypto landscape?

• GPT bots scraping data, companies training models
• AI chatbots coming to Google and others
• Precision of questions and prompts will be key

What details emerged around the Ripple SEC lawsuit?

• Disclosure of Hinman’s emails raises bias concerns
• Ripple claims unfair treatment vs other cryptos
• Ongoing issue highlights accountability challenges

Originally aired on August 3, 2023

In this episode, hosts Nick Black and Brandon discuss recent AI developments, crypto news, and amusing finance updates.

On the AI front, OpenAI has filed a trademark application for GPT-5 despite not planning to launch it until December. This highlights the rapid pace of progress in AI. Anthropic has also released a new tool called Claude that can generate music from text prompts. Meanwhile, Google aims to improve its AI search to compete with Microsoft’s Bing by adding images, videos, and publishing dates to search results. However, the episode notes that Google’s track record with AI has been mixed since the disappointing launch of Bard.

The crypto news covers an impending Department of Justice lawsuit against Binance, which the hosts view skeptically since fines may be used instead of prosecution. Multiple companies have also filed for regulatory approval of Bitcoin and Ethereum futures ETFs. But the SEC’s Gary Gensler appears to be politicizing the approval process according to his pattern of rejections before Congressional crypto hearings.

In amusing finance updates, credit rating agency Fitch has downgraded US debt from AAA to AA+, sparking backlash from the White House and Treasury Secretary Janet Yellen. But the hosts walk through Fitch’s rationale, citing rising deficits, poor fiscal governance, and political dysfunction. The hosts poke fun at Yellen’s objection to the downgrade despite her role in the deteriorating finances. Finally, a new report reveals that Alameda Research, Sam Bankman-Fried’s trading firm, used bots to pump up affiliated crypto tokens on Twitter.

What are the key AI developments covered in the episode?

• OpenAI files trademark for GPT-5 showcasing rapid AI progress
• Anthropic releases Claude music generator from text prompts
• Google adding more AI to search results to catch up to Microsoft Bing
• But Google’s track record spotty after disappointing Bard launch

What is the latest with Binance and the Department of Justice?

• DOJ preparing fraud charges against Binance
• But fines more likely than prosecution to avoid crypto industry turmoil

What is happening with crypto ETF applications and approvals?

• Many more companies filing for Bitcoin and Ethereum futures ETFs
• But Gary Gensler appears to time rejections around Congressional hearings

Why did Fitch downgrade US debt and how did officials respond?

• Fitch downgraded US debt from AAA to AA+ citing deficits and poor governance
• White House and Janet Yellen objected calling the downgrade “bizarre”
• But hosts walk through Fitch’s sound rationale for the change

How did Alameda Research allegedly use bots for manipulation?

• Report reveals Alameda used Twitter bots to pump affiliated tokens
• Fake tweets surged prices up 30% right before FTX listings

What sketchy crypto project is connected to SBF?

• Developers with SBF ties launched and rugged project called Baldcoin
• Hyped it up with influencers then drained liquidity after pumping price

Originally aired on August 1, 2023

Nick Black hosted another episode of Crypto & Coffee, joined by regular co-host Brandon and special guest Byron Gilliam. The episode covered a range of crypto topics including AI news, Worldcoin, the Curve exploit, the Ripple ruling, and outlooks for the future of crypto.

Nick started by cautioning viewers to be vigilant about protecting their private keys, passphrases, and avoiding suspicious links, stating “everyone all the time is trying to steal your stuff.” He then introduced Byron Gilliam, recommending viewers follow his work, available on his newsletter at blockworks.co.

The hosts discussed recent AI developments, including Google upgrading its assistant with generative AI capabilities similar to ChatGPT, and reorganizing teams which may lead to layoffs. They also covered Palantir CEO Alex Karp advocating for AI weapons development, though had mixed opinions on autonomous weapons systems. On a lighter note, they talked about the rise of AI virtual influencers like Lil Miquela making millions through brand deals.

Shifting to crypto topics, Nick asked Byron for his thoughts on Worldcoin, the project trying to build a global digital ID system using retina scans. Byron was initially skeptical but now believes it could provide a decentralized solution for proving personhood, which he thinks will be necessary for things like universal basic income.

The conversation moved to the major Curve exploit over the weekend, where a bug in the protocol’s compiler code was targeted to steal over $500K in funds. Byron explained Curve’s importance in DeFi, and said this bug revealed risks in new smart contract languages that have not been thoroughly battle-tested.

Analyzing the latest Ripple ruling, Byron saw it as very positive for crypto generally, even though Ripple still may have to pay a large fine. He thinks the case getting kicked further down the road buys more time for legislative clarity. Nick explained the likely complex appeals process, agreeing the timeline benefits the industry.

In terms of crypto’s future, Byron said risk assets seem to be recovering but crypto may need a new narrative to rally again in a more sustained way. Brandon predicted gradually increasing adoption, while Nick expected more investment interest in the intersection of AI and crypto.

Should we trust AI news sources over human reporters?

• Byron was unsure about AI news sources, preferring human-generated news
• Nick proposed verifying AI news robustly to check for deepfakes
• Brandon said many current followers could be bots already

What is the outlook for Worldcoin’s digital identification network?

• Byron believes decentralized ID will be needed to prove personhood for things like UBI
• Brandon thinks anonymity may still be preferred to providing full identity info
• Nick noted Sam Altman has strong credentials so his initiative deserves consideration

How will the Curve exploit impact DeFi security perceptions?

• Byron said Curve’s importance made the compiler bug reveal unforeseen risks
• Brandon said the rewards still outweigh the risks in DeFi vs traditional finance
• Nick compared it to a fault in a doorway – it jeopardizes faith in the whole building

How does the Ripple ruling open doors for crypto?

• Byron saw it as very positive for the industry despite Ripple paying a fine
• Brandon noted any positive crypto spin is a win
• Nick explained the extended timeline benefits the industry

What consumer trends will drive crypto’s next cycle?

• Byron said a new narrative is needed, not just linkage to macro markets
• Brandon predicted gradually increasing mainstream adoption
• Nick expects interest in the intersection of AI and crypto

Originally aired on July 27, 2023

In this week’s episode of Crypto & Coffee, hosts Nick Black and Brandon discuss the aftermath of the highly anticipated SingularityDAO token launch. The token, called SOPH, had a relatively smooth launch with the price settling around $0.14 after launch. Nick and Brandon suggest taking profits on the 5% presale allocation, with Nick recommending putting half of that allocation into SOPH yield vaults to earn additional yield.

The hosts then turn to discussing the markets, commenting that they remain quiet going into the weekend. Nick notes the Fed’s 25 basis point rate hike was widely expected and had little impact. Bitcoin was also unaffected. Nick believes crypto is still early in true price discovery without a multi-trillion dollar total market cap. He sees the current conditions as more of a global economic contraction, not a crypto bear market per se.

Shifting focus, Nick and Brandon remain bullish on SOPH and the long-term potential of its metaverse platform. However, they note it will take time for the full vision to be built out and deployed. Brandon highlights the quality of the SOPH whitepaper and says the token will likely be one of the best AI-integrated tokens created so far.

The hosts are also upbeat on Hypercycle (HYPER), which Nick frames as an infrastructure play. He believes the HYPER computing network has potential as a foundational blockchain layer that other networks could leverage. Brandon agrees HYPER could provide highly efficient and low cost rails for real world applications. Both caution it will take time for the full rollout of nodes and functionality.

Later in the show, Nick and Brandon briefly discuss advances in AI art generation, changes in Hollywood, VR gaming, and more. Brandon signs off by previewing upcoming educational content focused on crypto tips and tutorials.

How did the SingularityDAO/SOPH launch and token performance look in the aftermath?

• Token settled around $0.14, up 400% from presale
• Smooth launch, stable trading so far

What are Nick and Brandon’s thoughts on taking profits on the presale allocation?

• Suggest taking some profits, putting into SOPH yield vaults
• Vaults give yield while retaining exposure

How are crypto markets looking currently?

• Conditions still quiet going into weekend
• Global contraction, not full crypto bear market yet

What makes Nick and Brandon bullish on SOPH long-term?

• Huge potential in metaverse platform
• High quality whitepaper, vision

Why are they excited about Hypercycle (HYPER)?

• Infrastructure play, foundational blockchain potential
• Network for efficient, low cost transactions

What other topics are covered related to AI and tech?

• Advances in AI art generation
• VR gaming, Hollywood’s use of AI

What educational content is Brandon previewing?

• Crypto tips and tutorials on Nick Black next
• Help people learn crypto tech

Originally aired on July 25, 2023

Analyzing the Sofiaverse Token Launch and Crypto Yield Opportunities

In the episode of Crypto and Coffee, hosts Nick Black and Brandon discuss the launch and trading of the new Sofiaverse token, strategies for maximizing yields through staking and providing liquidity, risks around impermanent loss, efficiently bridging tokens across chains, and more crypto-related topics.

After initial volatility around the Sofiaverse launch, the price settled at lower than expected levels. However, Black and Brandon still view the current prices as a solid entry point to dollar cost average into the token over time. They note staking Sofiaverse in Singularity DAO’s unbounded vaults can earn yield of over 100% APY through the generous incentives offered to drive adoption early on.

Nick and Brandon spend time explaining key concepts and risks around different yield farming strategies. They contrast locked vaults, which require committing tokens for a set period, versus unbounded vaults that allow withdrawing at any time. Popular new token Hypercycle is used as an example of the high APYs available currently by staking tokens or providing liquidity.

Black and Brandon caution listeners that providing liquidity via yield vaults carries the inherent risk of impermanent loss. This means you may not get the full upside if the staked token increases dramatically in a short period. The opportunity cost of locking tokens versus having them available to trade or stake is also discussed.

The episode also covers efficiently bridging tokens across different blockchains in order to ultimately cash out to fiat currency. Bridging via Polygon using MetaMask’s built-in swapping is noted as a low-cost option.

How did Sofiaverse trading look after launch?

• Initial volatility settled to lower than expected prices but still offers a solid point to start dollar cost averaging.

What yield farming strategies can you use for new tokens?

• Staking in unbounded vaults like SingularityDAO’s can earn 100%+ APY through generous initial incentives.

What is the risk of providing liquidity via yield vaults?

• Impermanent loss means you may not get full upside if token price spikes. Locked vaults also have opportunity cost.

How do you efficiently bridge tokens across chains?

• Swap to stablecoin on native chain then use MetaMask’s Polygon bridge for low fees.

Originally aired on July 20, 2023

Nick Black and Brandon discussed several topics related to AI, cryptocurrency, macroeconomics, and not being “stupid” with your money.

• They warned about a scam where someone pretends to need remote access to your computer to help you comply with crypto regulations. They take your crypto instead.
• Discussed Apple entering the AI assistant market with “Apple GPT”. It will compete with ChatGPT and Bard.
• Studies show ChatGPT getting “dumber” recently, possibly due to bad data from users.
• MI6 in the UK using AI to disrupt weapons shipments to Russia. Intelligence agencies adopting AI.
• FedNow launching soon for instant interbank fund transfers 24/7. Not a CBDC or crypto.
• Don’t make stupid financial decisions. Research assets before buying.

What can AI assistants really do?

• Apple is launching their own AI chatbot “Apple GPT” to compete with ChatGPT and Google’s Bard
• But studies show systems like ChatGPT have been getting “dumber” lately due to bad input data
• Still unclear how capable these AI assistants really are

Will bank payments get faster?

• The Federal Reserve’s new FedNow system will enable 24/7 instant interbank transfers
• This is not a CBDC or cryptocurrency, just faster processing between banks
• Could reduce time needed to clear checks and other bank-to-bank payments

How is AI changing intelligence work?

• Agencies like MI6 are adopting AI systems to enhance intelligence operations
• AI can process huge amounts of data to find insights humans might miss
• But AI still requires oversight from humans with contextual knowledge

Don’t be stupid with your money

• Scammers are impersonating exchanges/agencies to steal crypto via phishing
• Research any asset thoroughly before investing to avoid pump and dumps
• Following “crypto experts” blindly often leads to losing money

Originally aired on July 18, 2022

Digital Investor: A.I., Cryptocurrency, Economics & Game Theory! Impromptu stream with technical guru, Brandon, about artificial intelligence, cryptocurrency, macroeconomics, and the greater game theory, that motivates investors and how you can benefit.

Originally aired on July 13, 2023

Cryptocurrency investing and news.

Nick Black provides his commentary on the latest developments with Celsius Network and its former CEO Alex Mashinsky. He discusses how Mashinsky and Celsius made false claims about earning high interest rates through their services and engaged in risky lending practices, which led to the company’s bankruptcy. Nick criticizes Mashinsky and other key figures like Sam Bankman-Fried of FTX for being “scammy douchebags” who took advantage of investors.

The video then covers recent AI and tech news, including Shopify unveiling an AI assistant called Sidekick, Elon Musk launching a new AI company called X AI, Google’s new AI-powered note taking app, and advancements in voice cloning. This segues into market analysis, with Black predicting crypto markets will turn around in the next 200 days once recession tails off, and criticizing the poor performance and arrogance of the Algorand team.

A significant portion focuses on the legal troubles of Celsius and Mashinsky, including Celsius suing Alameda Research and FTX, while the SEC charged Mashinsky and Celsius with fraud. Black expresses satisfaction at Mashinsky’s reported arrest and emphasizes these executives need to face consequences for stealing people’s money. The video concludes with Black advising on taking profits, using an example of a gains harvesting strategy for percentage exits. He stresses the need to take money off the table and not just watch currency values fluctuate.

What shady practices led to the downfall of Celsius Network and CEO Alex Mashinsky?

• False claims of earning high interest rates through risky lending
• Mashinsky displayed arrogance and took advantage of investors
• Engaged in unsafe lending practices that led company into bankruptcy

What recent AI developments were discussed in the video?

• Shopify unveiled AI assistant Sidekick to optimize e-commerce
• Elon Musk started AI company X AI to “understand the universe”
• Google released AI note-taking app focused on personalization
• Updates on progress in AI voice cloning technology

How badly did the video portray Algorand’s prospects and team?

• Criticized market cap as “dog shit” and team as arrogant
• Suggested it will underperform without major shakeup
• Proposed it become sidechain of Cardano to survive

What legal consequences face Mashinsky and Celsius Network?

• SEC charged them with 4 counts of fraud after bankruptcy
• Mashinsky reportedly arrested amid allegations of misconduct
• Video host expresses satisfaction at long-awaited comeuppance
• Emphasizes executives who steal deserve harsh punishments

What exit strategy does the video recommend for taking crypto profits?

• Sell 20% when investment reaches 10x returns
• Sell 10% each time investment doubles from there
• Ensures ROI and avoids running out of tokens
• Stresses need to realize gains, not just watch value fluctuate

Originally aired on July 11, 2023

Nick Black discusses various topics related to AI and its impact on the financial world. It covers the limitations of AI and the need for caution to prevent misuse, highlights an AI-powered wildfire detection startup, and mentions the investment of Bill Gates in a geologic AI company. The transcript also mentions the potential risks of stablecoins to financial stability and provides an overview of SophiaVerse, a gamified infrastructure designed to advance the development of the Sophia robot towards humanoid sentience.

Is AI capable of creating deceptive deep fake videos?

• Google CEO warns about the potential misuse of AI to create deep fake videos.
• Current AI models can generate realistic images of public figures, blurring the line between fact and fiction.
• Google intentionally limits AI capabilities to prevent the creation of deceptive content.

Can AI help in detecting wildfires?

• AI Wildfire detection startup, Pano AI, raises $17 million for its AI-powered technology.
• The technology can analyze rock samples to detect the early stages of wildfires, enabling faster response by firefighters.

What are the concerns related to Central Bank Digital Currencies (CBDCs)?

• According to the Bank for International Settlements (BIS), if widely used, stablecoins and CBDCs may pose a threat to financial stability.
• BIS emphasizes the importance of strengthening and coordinating regulatory approaches to contain the risks associated with crypto assets.

What is SophiaVerse and its goals?

• SophiaVerse is a gamified infrastructure designed to advance the development of the Sophia robot towards humanoid sentience.
• Users can interact with their own evolving Sophia, learn AI programming, and earn rewards through quests.
• It offers a multiplayer online game called “Sophia’s Age of Singularity,” where users can embark on an epic quest to save humanity and pave the way for a positive singularity.
• The ecosystem includes a Sentience Wallet for data security and a marketplace where users can buy, sell, and trade digital assets.
• The Sophia token (SOPH) serves as a crucial component of the ecosystem, allowing users to participate in the economy of SophiaVerse.

Originally aired on July 6, 2023

Nick Black discusses various topics related to cryptocurrency investments and artificial intelligence (AI). It covers BlackRock, Fidelity, and other applicants meeting with the SEC for a spot Bitcoin ETF, the development of an AI supercomputer by Inflection AI, Open AI’s introduction of super alignment, the slowing growth of Chat GPT, and the emphasis on democratization and cost benefits of Bitcoin ETFs by BlackRock CEO.

Unlocking Financial Freedom: Exploring Cryptocurrency Investments through AI and Macro Economics

• BlackRock, Fidelity, and other applicants meet with the SEC for a spot Bitcoin ETF
• Inflection AI develops an $880 million AI supercomputer
• Open AI introduces super alignment to address the super intelligence alignment problem
• Chat GPT’s growth starts to slow down
• BlackRock CEO stresses the democratization and cost benefits of Bitcoin ETFs
• The potential approval of a spot Bitcoin ETF may be on the horizon

Originally aired on July 3, 2023

Nick Black discusses various topics including the importance of protecting personal information, the performance of AI investments, the role of “dumbasses” in creating opportunities for financial arbitrage, updates on the Bitcoin market, and speculation about Gary Gensler’s future as the chair of the SEC.

Are AI investments performing well?

• AI investments have been successful, with Nick’s AI portfolio experiencing significant growth.

How do “dumbasses” contribute to financial opportunities?

• The presence of individuals making poor decisions in investing and in society creates opportunities for intellectual arbitrage and financial gain.

What are the updates on the Bitcoin market?

• Gary Gensler initially claimed that no ETF filings met the SEC’s requirements, but later clarified that they simply needed more clarity on certain issues, following pressure from BlackRock.
• The SEC’s distinction between a spot ETF and a cash-settled ETF is being challenged in a lawsuit against the SEC by BlackRock.
• Rumors circulate about Gary Gensler possibly resigning, although unlikely.

Originally aired on June 29, 2023

Originally aired on June 27, 2023

Nick Black discusses the concept of game theory and its application in strategic decision-making for business success. Nick emphasizes the importance of dollar cost averaging and not getting too caught up in daily market prices. They also outline the five T’s to consider when evaluating assets and provide an analysis of the cryptocurrency XRP as an example.

How does dollar cost averaging work, and why is it important?

• Dollar-cost-averaging involves spreading the investment over a long period and investing at regular intervals.
• Randomized intervals are recommended to mitigate emotional decision-making.
• Consistency in dollar cost averaging helps remove emotions from investing.

What are the five T’s to consider when evaluating assets?

• Team: Assess the background and track record of the team behind the asset.
• Timing: Evaluate whether the asset is relevant and timely in the current market.
• Technology: Determine the value and uniqueness of the asset’s technology.
• Tokenomics (or fundamental economics): Analyze the distribution of equity or ownership.
• Utility or Value proposition: Assess the practical use or value the asset offers.

Is XRP a good investment based on the five T’s?

• XRP fails in terms of the team as some members are embroiled in a lawsuit and their actions raise ethical concerns.
• Timing is off as the need for a bridge asset like XRP has decreased.
• The technology is no longer unique or interesting compared to other cryptocurrencies.
• Tokenomics is a fail as XRP is not necessary for transactions on the XRP Ledger.
• The value proposition of XRP is weak, and the management team has made poor decisions.

Is XRP undervalued or overvalued in the long term?

• In the near term, XRP may be undervalued as a trade opportunity.
• In the long term, XRP is considered extremely overvalued due to its lack of uniqueness and limited value proposition.

Originally aired on June 22, 2023

Nick Black offers advice on how to manage cryptocurrency investments securely and provides insights into his approach to investing, including using the “five T’s” criteria to evaluate assets.

How can investors securely manage their cryptocurrency investments?

• Never share private keys, passwords, or click suspicious links.
• Beware of phishing scams, and always check links before clicking.
• Use the “five T’s” criteria to evaluate assets before making investment decisions.

Originally aired on June 20, 2023

Nick Black discusses the correlation between tech investment and cryptocurrency market cycles and how the current recession may lead to job layoffs, resulting in lower investment. However, this presents an opportunity for investors to buy at lower prices.

How do tech investment and the current recession influence the cryptocurrency market?

• Cryptocurrency market cycles correlate with tech investment in the macro.
• The current recession may lead to layoffs, resulting in decreased investment.

What opportunities does the current market present for cryptocurrency investors?

• Job layoffs may lead to lower investment, presenting an opportunity for investors to buy at lower prices.

Originally aired on June 19, 2023

In this Crypto & Coffee episode, Nick Black discusses the manipulation of markets and engages in game theory conversations to support dollar-cost averaging strategies. He also touches upon AI news, warning listeners about the dangers of AI voice cloning as it can lead to fake phone calls and losing information.

How can dollar-cost averaging support market manipulation?

• Discussing Game Theory in relation to traffic situations involving red lights
• The dangers of AI voice cloning
• Discussions on the market

Originally aired on June 15, 2023

The use of AI in the global economy has the potential to add $4.4tn annually, with generative AI tools contributing to this forecast. Knowledge workers may take the biggest hit as AI reduces the need for multi-year degree credentials and specific field knowledge, and instead emphasizes the importance of broad conceptual understanding. While inflation and interest rate policies have long been considered effective in controlling economies, some argue that monetary policy no longer has the power to stimulate the economy and fight inflation.

Can AI add value to the global economy?

• Report suggests generative AI can add $4.4tn of value annually
• Half of all work could be automated by 2030
• Generative AI tools will challenge attainment of multi-year degree credentials

Will AI replace knowledge workers?

• AI reduces the need for specific field knowledge
• Broad conceptual understanding will be emphasized
• Knowledge workers may face difficulty in adapting

Originally aired on June 13, 2023

Nick Black discusses the importance of being cautious when receiving investment advice from so-called experts who may not have your best interests at heart. The author also talks about a project called Hyper Cycle, which is preparing a Learn to Earn system for its token holders to encourage educational content and understanding of their business. The tokens will not be given out randomly but instead used for Tilling rewards.

Protecting Yourself from Unscrupulous Investment Advice

• Be wary of those who claim to be investment gurus but do not have a personal stake in the market;
• Pay attention to those who accurately predicted market inflation two years ago rather than those who are now touting transitory disinflation;
• Be cautious of those who invest or give advice without fully understanding the math or having good information.

The Hyper Cycle Project

• Hyper Cycle is preparing a Learn to Earn system for its token holders;
• Token holders will have to participate in educational-based content to receive tokens;
• Tokens will not be randomly distributed, but instead put into nodes and be part of the tilling process of perpetuating AI to AI transactions;
• Hyper Cycle aims to establish a network capable of processing business to business and AI to AI transactions.

Originally aired on June 9, 2023

Nick Black discusses various developments in AI technology, including Adobe Express’s integration of Firefly for generative art, AI-powered data analysis tools like Parse.dev, and improvements to the chatbot AI GPT, including full-screen iPad support and Siri integration.

Can AI-powered tools simplify graphic design?

• Adobe Express integrates Firefly AI for quick poster, flyer, and video creation
• Clip Drop introduces free AI-powered image editing tools

Can AI improve data analysis?

• Parse.dev offers an easier way to access and curate data, reducing reliance on engineers and data analysts

How is GPT chatbot AI evolving?

• GPT chatbot AI now supports full-screen display on iPad and Siri integration for voice control
• GPT chatbot AI also gains drag and drop functionality for easy data transfer
• Chat GPT’s availability and accessibility is improving with Apple Shortcut integration for automation

Originally aired on June 8, 2023

In this video, the speaker talks about AI and cryptocurrency news, the war on cash, and tech layoffs. The crypto market is still recovering from the recent beating it took due to SEC indictments. The speaker emphasizes the importance of doing research before investing in tokens.

Can dollar cost averaging be a good strategy for investing in cryptocurrencies?

• The crypto market is quiet at the moment, and it may be a good time to invest.
• Dollar-cost averaging is a smart investment strategy.

Originally aired on June 6, 2023

Summary

Nick Black discusses the recent actions of the SEC against Binance and Coinbase and the release of Apple’s Vision Pro headset at WWDC. Nick also analyzes the current state of the economy, including the impact on the real estate market and lending, and reflects on the improvement in the cryptocurrency space following the downfall of scam artists.

Is the Price Tag of Apple’s Vision Pro Headset Worth It?

• Apple’s Vision Pro headset is set to be released next year with a starting price tag of $3,500.
• The headset is targeted towards developers and not for the general public.
• The highest version of the headset may cost up to $5,000.

The State of the Economy and Real Estate Market

• The world is heading into a recession, which some European countries have already admitted to being in.
• Commercial real estate and lending against it are expected to be severely impacted by the recession.
• Builders of residential properties are also expected to face challenges due to the economy.

Improvement in the Cryptocurrency Space

• The recent actions of the SEC against Binance and Coinbase highlight the improvement in the cryptocurrency space.
• The downfall of scam artists and bad businesses in the crypto space last year has made it safer for investors.
• The crypto space is still facing challenges, but it is expected to continue growing.

Originally aired on June 1, 2023

in this episode, Nick Black discusses the intersection of cryptocurrency and artificial intelligence (AI) and reminds viewers about deflationary money. They also briefly discuss the current quietness of the crypto markets and the recent debt ceiling argument.

Can Deflationary Money Coexist with Cryptocurrency and AI?

• The speaker reminds viewers about deflationary money and its importance.
• They discuss how cryptocurrency and AI can work together to create innovative solutions.
• The potential benefits and challenges of integrating deflationary money with cryptocurrency and AI are explored.

Originally aired on May 30, 2023

The intersection of crypto and AI is explored as Nvidia expands its offerings beyond chips, while warnings are issued against investing in the Cogito project which has opted to launch on the Binance Chain rather than the Ethereum blockchain.

Should investors consider the Cogito project?

• Cogito decided to launch on Binance Chain instead of Ethereum and warnings have been issued against investing in the project
• The team behind Kogito is primarily from HSBC without any significant experience in crypto
• The absence of auditing of the code means the token could pose risks

What’s happening with Nvidia?

• Nvidia is expanding beyond chips to offer supercomputing technology, data center infrastructure, and even robotics
• The company continues to innovate with advances in AI coupled with Unreal Engine
• The Nvidia A100 chip is the centerpiece of the company’s range of high-performing chips
• Nvidia is one of the top 10 companies globally

Originally aired on May 29, 2023

Nick Black discusses large language models, machine learning, macroeconomics, and game theory in this episode. He touches on the importance of education in the crypto and macroeconomic markets, and the fatal errors managers make. Finally, Nick discusses the repo market and provides background information.

What topics are covered in this video?

• Large language models
• Machine learning
• Macro and crypto markets education
• Fatal errors managers make
• The repo market and its background

Originally aired on May 25, 2023

Nick Black discusses the latest advancements in AI, including Opera’s AI side panel called Arya, Google’s Flamingo VLM for better YouTube shorts categorization, and Nvidia’s skyrocketing earnings due to their involvement in AI. It also delves into the importance of understanding theory of mind agency and alignment in AI for future investments.

Unleashing the Power of AI: Revolutionizing Finance in the Digital Age… NOW!

• Opera unveils Arya, an AI browser sidebar for generating text and providing support that is constantly fed with new information.
• Google’s Flamingo VLM fixes YouTube shorts by generating metadata descriptions based on the initial video frames, improving categorization and search matching.
• Nvidia’s involvement in AI leads to skyrocketing earnings and stock prices.
• Understanding theory of mind agency and alignment concepts in AI is crucial for future investments.
• Brilliant is a useful interactive app for learning AI, including math, data science, and neural networks.

Originally aired on May 23, 2023

AI is taking over the workforce and it’s good for us. AI news includes Adobe Firefly’s release and OpenAI’s “Governance of Super Intelligence” paper. Cogito is launching their token generation event, but investing on day one is risky.

Originally aired on May 18, 2023

Nick Black discusses the potential for AGI to emerge from SingularityNet and the impact it could have on the value of their native token, AGIX.  Nick also touches on the topics of inflation and inflation targeting.

SingularityNET’s Potential Impact

• SingularityNET has the potential to spawn AGI, the last human invention, led by a team of some of the brightest minds in the AI space.
• If SingularityNET solves the AGI problem, it could affect the market, and AGIX could replicate the success of Dogecoin and Matic.
• A 30x increase in the current market cap of $316 million could take AGIX to a value of $9.

Inflation & Wage-Price Spiral

• Nick also discussed the concept of inflation and its relationship with wage-price spirals.
• In the UK, there are signs of a wage-price spiral, where increased wages lead to higher demand and increased inflation.

Personal Wealth

• Nick includes a comment on personal wealth, with surveys suggesting that an extra $10k per month could give a similar feeling of well-being and happiness as a multimillionaire.
• The wealth number for the speaker in the transcript would be $100k extra per month.

Miscellaneous

• Nick also touches on topics such as AI, technology, market scams, art, and personal preference for organic vs. inorganic.

Originally aired on May 16, 2023

Nick Black discusses the importance of macroeconomics in the cryptocurrency market, highlighting the risks associated with illiquid assets and the instability of regional banks.

Why is Macro Important in Crypto?

• Cryptocurrency is an illiquid asset traded on sketchy exchanges with no regulation
• Regional banks are in a bad spot, with deposits being someone else’s liability
• The risks of mismatched maturity in banks can cause instability in the financial system

Other topics in this episode include:

• Large language models have limitations and are not a substitute for artificial general intelligence
• Sam Altman’s Open AI is not likely to be the entity that ushers in true AGI

Originally aired on May 11, 2023

Investing in the future is crucial in the rapidly changing world of technology. AI and AGI are promising areas of growth. Using GPT4 and Chat GPT could help in understanding these areas.

• Investing in the path of progress is essential for future success.
• The world of technology is rapidly evolving, and AI and AGI are promising areas of growth.
• Using GPT4 and Chat GPT to understand AI and AGI is essential.
• Supervised fine-tuning is the gamification of large language model systems.
• Other varieties of systems, such as Anthropology, could be beneficial as well.

Originally aired on May 9, 2023

SingularityNET’s parent company, AGI, has launched its layer zero protocol, Hypercycle. It is not a competitor to AGIX, the marketplace for AI collaborations, but compared to Ethereum, Cardano, and Cosmos instead. SingularityNet’s ecosystem contains companies with different funding goals and launch timelines, including new token launches, a deep funding project, AGI as a service, and music rights initiatives.

What is Hypercycle?

• SingularityNET’s parent company, AGI, has launched its layer zero protocol, Hypercycle.
• Hypercycle is not a competitor to AGIX, the AI collaboration marketplace.
• The ecosystem features companies with different funding and launch goals, including new token launches and a deep funding project.
• AGI as a service is working on a purpose-focused AGI chip to compete with Nvidia’s H100s.
• The SingularityNet ecosystem also includes a music rights initiative, Jam Galaxy.

Originally aired on May 4, 2023

Nick Black highlights the upcoming launch of the Hypercycle, a promising AI project, and warns of a potentially chaotic initial buying period. He also mentions some questionable business dealings by JPMorgan and shares some personal shopping experiences.

• The Hypercycle project is about to launch, and although the initial buying period was chaotic, the token is set to flourish.
• Interesting AI news includes the development of true AGI, SophiaVerse, and OpenAI.
• The JP Morgan takeover of First Republic is a questionable and sketchy deal.
• Personal shopping experiences are shared, including the discovery of the Teemu app to buy affordable clothes.
• The transcript mentions several equity and token plays related to AI projects, including True AGI, SophiaVerse, and Coquito.

Originally aired on May 2, 2023

The AI industry has seen some exciting developments, including hyper cycle being just five days away, a former Google AI expert aiming to make the world safer with AI, and functional MRI machines being tested for reading thoughts at the University of Texas. Meanwhile, IBM is set to replace nearly 8,000 jobs with AI, and Coinbase is suing the SEC over a Wells notice served against it.

• Former Google AI expert aims to improve world safety with AI

• Functional MRI machines tested for reading thoughts at University of Texas

• IBM to replace 7,800 jobs with AI

• JP Morgan wins bid to take First Republic in illegal yet ‘exempted’ deal

• Coinbase sues SEC over Wells notice served against it

Originally aired on Apr 27, 2023

This episode is aimed at people who don’t understand the crypto space and have questions about digital assets. Nick Black believes that most traders will end up losing their money and that true wealth is achieved through investing and understanding basic financial tools.

Why Does Nick believe most traders are going to lose their money?

• Nick Black believes that traders will eventually lose their money as they take greater and greater risks.
• Investing and understanding basic financial tools are key to achieving wealth over time.
• Blockchain-based systems currently require all nodes on a network to communicate, causing delays and bottlenecks. Hypercycle, a forthcoming project aimed at heavyweights, is set to introduce a more efficient ledger-less blockchain system.

Originally aired on Apr 25, 2023

Why is the AI sector predicted to be the next big thing in the cryptocurrency investment space?

• We live in a deflationary environment and may be approaching the end of the first quarter in a recession.
• The decentralized nature of cryptocurrencies was a solution to a problem that existed in the world.
• Top Gun was an early adopter of crypto, purchasing it in 2016.
• The AI sector is expected to be the next big thing in cryptocurrency investment, with potential for significant growth.
• Bloomberg reports that the current economic environment may lead to a crash, making crypto an attractive investment option for many.

Originally aired on Apr 18, 2023

Nick Black discusses the macro influence on Bitcoin and the dangers of investing in small altcoins. He also answers a question on how crypto can be used to pay bills when the government eliminates cash.

Highlights

• Macro economics affect Bitcoin.
• Small altcoins are risky investments due to low liquidity pools.
• Central bank digital currency is a cryptocurrency, making it easy to pay bills with crypto.
• Moving currency units around is already cheap and fast.
• Answer to paying bills with crypto is within the question.

Originally aired on Apr 13, 2023

Cryptocurrency Investors MUST Up their Macro IQ, or They’ll Continue to Fail!

Originally aired on Apr 11, 2023

The Next 1,000x (1000 times your money) will come from this asset class…

Originally aired on Apr 6. 2023

How to Invest in AI and Crypto by looking at the World 18-36 Months from now!

Originally aired on Apr 4, 2023

Nick and Brandon discuss their respective theater rooms, before moving on to discuss an upcoming digital conference where Nick will be sharing his knowledge on AI and crypto.

• Nick shares pictures of his impressive theater room, which he built in his house.
• Nick and the host announce an upcoming digital conference focused on AI and crypto.
• The conference is free for “Digital Heavyweights” and very affordable for others.
• The hosts briefly discuss the recent tech layoffs at Google and whether AI played a role.
• Nick’s expertise in AI and the digital space is emphasized throughout the conversation.

Shocking New Research Paper Release on Artificial Intelligence taking Jobs!

This episode discusses the upcoming launch of SingularityNet’s product, Hyper Cycle, and warns potential investors to be cautious on day one due to the potential for high volatility. Furthermore, the episode highlights the success of SingularityNet’s past launches, with a minimum of 1100% returns on day one. The episode also explores the role of artificial intelligence in the job market and its potential to take jobs from humans.

This episode discusses the financial banking system and how it has always been bankrupt. The hosts talk about the market review, crypto Q&A, and cashless systems. They also mention the possibility of a Metamask airdrop and how much they have spent on gas fees in 2021. They briefly touch on the CZ controversy and discuss the potential qualifications for the Metamask airdrop. Overall, this episode offers a mix of financial insights and cryptocurrency news.

Join us as we discuss The Financial Quiz to see if you’re Ready for Bank Crisis 2023! Take it now!

The SEC has sent a Wells notice to Coinbase regarding unlicensed securities listings, which Coinbase plans to fight in court. Billionaire Bill Huang has been indicted for securities fraud, manipulation, and faking exchange volume. Justin Sun, creator of Tron, has also been indicted for fraud. Meanwhile, the founder of the scammy cryptocurrency Luna, Don Quan, has been arrested in Montenegro. Elon Musk is critical of the FED for raising rates, but the banking system is facing a crisis, with billions of dollars being distributed in the last few days. Obamacare also has concerning language regarding insolvency events and the safety of deposited currency units.

Shocking NEW Development in Artificial Intelligence LLMs, and how to invest in it! This and a whole lot more packed into a nice little 30-minute episode.

Originally aired on Mar 16, 2023

The episode discusses various topics such as technology and devices like Apple products, leaks on the new Macbook, and Meta’s Oculus Quest three. The discussion then moves on to answer a question on the best crypto networks and wallets to trade across networks, which is deemed difficult to answer as it largely depends on the purchased assets. Some examples of compliant wallets for specific ecosystems are mentioned. The video also mentions the game Population One being made free for Oculus users.