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Doug Polk on crypto, poker, and epic scams

Doug Polk on crypto, poker, and epic scams

FromUpOnly: Chats with Crypto Experts


Doug Polk on crypto, poker, and epic scams

FromUpOnly: Chats with Crypto Experts

ratings:
Length:
105 minutes
Released:
Jul 29, 2021
Format:
Podcast episode

Description

LinksDoug Polk TwitterUpswing WebPodcastShow PartnerThis episode is presented by FTX (formerly Blockfolio). Trade on an awesome mobile interface fee-free, and still get all the great portfolio tracking features you know and love: https://uponly.tv/ftxShow NotesFTX?- Ledger nailed new intro- UpOnly sponsored by FTX now!- Blockfolio is now FTX (as everything soon will be)- Doug was watching an MLB game and saw FTX on an umpire- So wildLEDGER DRINKS EVERY DAY- *one beer*- *has cravings if he skips his beer*- *in a weight-loss competition with Primo to lose 10% of body weight*- Doug: “That 1 beer per day is costing you 16-17 pounds per year!”Doug’s Crypto Journey- 2012-2013ish- Got in because of poker - online poker caused onboarding- Doug: “the asset appreciation element kinda made sense to me” lol us too sirBitcoin v Banks- People complain about bank fees and then Bitcoin fees spike lol- Block time also kind of a hassle- Cobie: “Nowadays if an Ethereum block takes like a full minute I’m pissed”- Cobie: “Solana is fast enough and if you use it you can afford to live in New York”Zoomers & Internet Native Generation- Ledger: “How many people bought SafeMoon and bridged to BSC? Like how did they do that???”- Cobie: “We had an interview with Teen Exec and he just understands the internet way better than I do”- Also have the YouTubers who can show you step by step exactly how to buy the top- Cobie: “Every time a project comes on UpOnly its the exact top of their thesis”- Light - super bearish at the bottom- SCAM and CUMROCKET - top tick on the episode- Charlie Lee even top ticked LitecoinCoping- DOGE founder is coping so hard that he won’t come back- People would easily donate like millions to this guyThe B Word Conference- Cobie: “I think Cathie Wood is fking phenomenal”- “Elon just kept talking about Tesla chargers”- Doug: “I think Jack needs to have a better idea of how Bitcoin can actually be implemented to fix these issues”- “Also Elon has a firm belief in ‘Bitcoin has to be 50% renewable’ for someone who’s dad was an emerald miner”- “His Bitcoin takes felt not extremely researched”- Ledger: “At some point do you stretch yourself a little too thin if you’re trying to create Mars money and [xyz other stuff]”Doug’s Challenge- Poker career focused on 1v1 poker- Challenged a rival troll guy who was after him to a 1v1 for $1,000,000- This guy was a major underdog- He said yes LOL- $40k buy in, any time you dropped off you bought back in with $40k- Doug won $1.2M off of this guy lol- Now they are boys- Ledger: “you had a lot of reputational tie into this as well - like if you lost it’d be like me losing to Cobie in a trading competition”- Cobie: “you’ve had some anthropologically bad trades that should be on wikipedia” lmaoPoker & Crypto- Is it banking the unbanked? Or math, trading, etc. stuff?- Doug: “Poker guys understand having an edge and are used to losing”- “Today 200 guys played, 15 paid, so 185 lost” fack- “Can’t handle losing, can’t do poker”- “Some edge/ trading aspects, some keeping your money off the books aspects… some of the poker community is DEEP in crypto”No More Poker 4 Doug- Basically turned from an art to an exact science that you need to memorize- Doug: “The reality is the guy who spent 2x the time is going to be better”- Online vs. in person is the same *at the higher levels*Doug’s Journey- Just moved to Austin TX- Was part of the mass migration- Left Vegas, “I wanted something idk less stripper-ey” lol- Nashville would also be great- Doug: “The ‘Keep Austin Weird’ signs need to come down like that is so far gone, its a tech hub now!”Ledger’s Fame- Going to give Doug some Alabama BBQ places off air to not dox his micro location- Cobie and Doug start laughing at the exact same time- Cobie: “We have the same joke don’t we”- Doug: “Ya Ledger you wouldn’t want anyone driving 700 miles out to see you” lmao- Ledger got recognized 2 weeks agoScams- Doug called BitConnect like a week before it happened- Everyone knew him
Released:
Jul 29, 2021
Format:
Podcast episode

Titles in the series (78)

Join Cobie and Ledger as as they chat with the most interesting people in crypto.