High-stakes Poker to Crypto Whale w/ Jason Mo

Introduction and Background

In this section, the host introduces the guest and asks about their background in crypto.

Guest's Background in Crypto

• The guest was a professional poker player before getting into crypto.

• They started playing poker professionally around 2008-2009.

• Due to legislation that outlawed online gambling in the United States, they had to move abroad to continue playing poker.

• They discovered Bitcoin as a solution for moving funds back and forth between online gambling sites and their domestic bank accounts.

• The guest was active in the Bitcoin community, participating in forums like Bitcoin Talk and playing on one of the original Bitcoin poker sites called Seals with Clubs.

Early Involvement with Bitcoin

This section focuses on the guest's early involvement with Bitcoin and their introduction to trading.

Early Use of Bitcoin

• The guest got into Bitcoin early due to necessity for online gambling transactions.

• They used Bitcoin for gambling on platforms like Satoshi Dice, which offered provably fair gambling using transaction hashes.

• At that time, Bitcoin was worth fractions of what it is today, making it practical for such transactions.

Introduction to Trading

• The guest started trading within a year or two of when BitMEX came out.

• BitMEX was the first exchange to develop perpetual futures contracts.

• Trading was easier back then compared to now, leading the guest to trade part-time while still playing poker.

• Eventually, they transitioned from poker to crypto full-time.

Lessons from Poker Applied to Crypto Trading

This section discusses how skills learned from playing poker can be applied to crypto trading.

Risk Management and Dealing with Variance

• Poker taught the guest the importance of risk management and dealing with variance.

• The best poker players have good bankroll management and play within their means.

• Being objective about wins and losses is crucial in both poker and crypto trading.

• It's possible to play every hand correctly in poker and still lose money, highlighting the role of luck.

• Similarly, in crypto trading, many people over-leverage or make emotional decisions when facing losses.

Emotional Resilience in Poker and Crypto

This section explores the guest's observations on emotional resilience in poker and crypto.

Emotional Immunity to Swings

• The guest mentions being emotionally immune to swings in money due to their experience as a professional gambler.

• They don't get overly excited when making a lot of money or depressed when losing money.

• This emotional resilience comes from experiencing substantial swings in net worth over time.

Early Involvement with Ethereum

This section focuses on the guest's involvement with Ethereum.

Active Participation on Bitcoin Forums

• The guest was primarily active on Bitcoin forums rather than heavily involved with Ethereum.

Conclusion

In this podcast episode, the host interviews a former professional poker player who transitioned into crypto trading. The guest shares their early involvement with Bitcoin due to necessity for online gambling transactions. They also discuss how skills learned from playing poker, such as risk management and emotional resilience, can be applied to crypto trading. While they were not heavily involved with Ethereum, they highlight the importance of being active in cryptocurrency communities.

Exposure to Ethereum and Initial Impressions

The speaker discusses their initial exposure to Ethereum and their impressions before the Ethereum ICO. They mention reading Vitalik's post and being intrigued by the idea.

Initial Exposure to Ethereum

• The speaker's friend introduced them to a post about Ethereum before the ICO.

• After reading Vitalik's post, they found the idea of Ethereum intriguing.

• They considered Vitalik to be intelligent based on their impression.

Meeting OGs in Ethereum and Aligned Views

The speaker talks about meeting key figures in the early days of Ethereum and how their views aligned with theirs regarding the future of cryptocurrency.

Meeting Key Figures in Ethereum

• The speaker had the opportunity to meet several OGs (original gangsters) in Ethereum during conferences around 2015-2016.

• Their views on the future of crypto aligned with those of the OGs they met.

Initial Bumps in Ethereum's History

The speaker discusses some initial challenges faced by Ethereum, including the DAO exploit and subsequent hard fork that affected their confidence in its immutability.

Challenges Faced by Early Ethereum

• A significant portion of funds was put into something called "the DAO," which was exploited, leading to a hard fork.

• This resulted in two versions of Ethereum, with the original version now known as "Ethereum Classic."

• The hard fork raised concerns about changing history for personal benefit, which impacted the speaker's belief in ethereum's immutability.

Changes in Perception Towards Ethereum

The speaker reflects on how ethereum has evolved over time and acknowledges that it has taken a new form since the initial challenges.

Evolution of Ethereum

• The speaker acknowledges that ethereum has transformed significantly since the early days.

• They mention that people often overlook the historical challenges and changes in ethereum's narrative.

• Some Bitcoin maximalists believe that the DAO hack will prevent ethereum from surpassing BTC, but the speaker sees it as ancient history.

Bag Holder Bias and Flipping ETH

The speaker discusses bag holder bias and how it can influence people's perception of cryptocurrencies. They also touch on their own views regarding flipping ETH.

Bag Holder Bias and Flipping ETH

• The speaker mentions bag holder bias, where individuals become maximalists for a coin they have made significant profits from.

• They share a tweet about bag bias being a limitation for many people in the space.

• The speaker notes that they don't believe ethereum will tank, but they recognize its limitations compared to other layer one solutions.

Remaining Objective and Separating from Bag Bias

The speaker emphasizes the importance of remaining objective when evaluating different cryptocurrencies and separating oneself from bag holder mentality.

Remaining Objective and Avoiding Bag Bias

• The speaker believes it is crucial to remain objective when assessing the limitations and outlook of various coins.

• They highlight different perspectives based on when individuals entered the market (e.g., pre-Ethereum Bitcoiners, those who joined during previous cycles).

• The speaker personally witnessed limitations in Bitcoin's history, leading them to be bullish on Ethereum initially but acknowledges current limitations in Ethereum as well.

Ethereum's Limitations and Outlook

The speaker discusses their perspective on Ethereum's limitations at present and how new layer one solutions offer potential advantages.

Ethereum's Limitations and Outlook

• The speaker acknowledges that Ethereum has limitations in its current form, particularly in terms of scalability and transaction processing.

• They mention the emergence of new layer one solutions with better technology, faster transactions, higher throughput, and parallel computing capabilities.

• Until these limitations are addressed, the speaker believes Ethereum will face challenges going forward.

Controversial Takes and Distorted Perceptions

The speaker discusses the importance of having diverse perspectives on their channel to counterbalance the prevailing Ethereum maximalist narrative.

Diverse Perspectives and Distorted Perceptions

• The speaker appreciates controversial takes on their channel to provide a counterbalance to the prevalent Ethereum maximalist narrative.

• They believe that many influencers on Twitter and YouTube lean towards Ethereum maximalism, which can distort people's perception of reality.

• The goal is to touch on key points that challenge mainstream narratives.

Boom and Bust Cycles in Ethereum's History

The speaker reflects on past boom and bust cycles in Ethereum's history, such as the ICO craze and DeFi summer, highlighting both successes and failures.

Boom and Bust Cycles in Ethereum

• The ICO craze allowed for fundraising through ERC20 tokens but eventually led to a market downturn when it became unsustainable.

• Many tokens from the ICO era no longer exist or have significantly reduced market caps.

• DeFi summer saw the rise of decentralized exchanges and yield farming but also had its own limitations.

Resurgence of Interest in DeFi

The speaker discusses how decentralized finance (DeFi) gained traction during a resurgence period but shares their opinion about its sustainability.

Resurgence of Interest in DeFi

• DeFi experienced a resurgence with automated market making and decentralized exchanges.

• The speaker believes that while DeFi was born during this period, there are still concerns about its long-term sustainability.

Conclusion

The speaker concludes their thoughts on Ethereum's history and the need for a balanced perspective in evaluating its future.

Final Thoughts

• Ethereum has gone through various boom and bust cycles, with successes and failures along the way.

• It is important to maintain objectivity when assessing the limitations and potential of Ethereum.

• Diverse perspectives are crucial to avoid distorted perceptions in the crypto space.

New Section

The speaker discusses the impact of yield thresholds and bear markets on protocols, as well as the effect of high fees on user participation.

Impact of Yield Thresholds and Bear Markets

• Protocols with set yield thresholds or certain participation requirements tend to struggle in the long term.

• During bear markets, many protocols experienced a decline in activity and usage.

• On-chain activity and token balances decreased significantly during this period.

High Fees and User Participation

• Ethereum's popularity led to increased demand, resulting in higher fees for transactions.

• The majority of users were priced out due to the high fees, limiting participation to larger holders.

• Justifying high fees became difficult unless users had substantial positions or gains that offset the costs.

New Section

The speaker shares their personal experience with using Farm tokens and highlights the appeal of alternative chains like Polygon and Avalanche.

Personal Experience with Farm Tokens

• Initially, the speaker faced challenges while buying Farm tokens, experiencing losses due to whale dumping.

• When trying to sell their position, they encountered difficulties with unstaking and lost funds during approval processes.

Appeal of Alternative Chains

• After facing frustrations on Ethereum, the speaker explored other chains like Polygon and Avalanche.

• Cheaper transaction costs, faster speeds, and improved user experiences were some advantages found on these alternative chains.

New Section

The speaker discusses how Ethereum's community may have difficulty empathizing with regular users seeking significant returns. They also compare Ethereum's performance to other chains offering better user experiences.

Empathy Gap in Ethereum Community

• The Ethereum community may struggle to empathize with average users aiming for substantial returns.

• Eth Maxi Community members often view Ethereum as superior due to their financial success or belief in its potential as a global settlement layer.

Ethereum's Performance and User Experiences

• Ethereum's performance has not established a significant lead over other Layer 1 chains.

• Other chains like Solana and Jupiter offer cheaper fees, faster transactions, and notable technological advancements.

• The speaker suggests that the Ethereum community has settled on using the base layer for settlement and security while relying on independent Layer 2 solutions.

New Section

The speaker discusses the value distribution between Layer 2 solutions and Ethereum. They also highlight the potential for technology transfer to other chains.

Value Distribution in Layer 2 Solutions

• Many Layer 2 solutions aligned with Ethereum may not contribute significant value back to the Ethereum ecosystem.

• While these solutions pay rent on the Ethereum base layer, their development is independent of the Ethereum Foundation's roadmap.

• The native tokens of successful Layer 2 solutions often capture more value than Ethereum itself.

Technology Transfer to Other Chains

• If a roll-up solution gains substantial adoption on Ethereum, it can potentially transfer its technology to another Layer 1 chain.

• This independence allows them to explore other options if their technology improves or if they find better opportunities elsewhere.

New Section

The speaker discusses how projects are exploring alternative chains for cost reduction and improved utility. They also inquire about the upcoming cycle in cryptocurrency markets.

Projects Exploring Alternative Chains

• Projects like Lyra are utilizing Celestia for data availability instead of paying high fees on Ethereum.

• These projects seek cost reduction and increased utility by migrating to alternative chains.

Upcoming Cycle in Cryptocurrency Markets

• The speaker proposes that the upcoming cycle will resemble the previous one, where Bitcoin performs well followed by Ether.

• As new users join, gas fees become exorbitant, leading people to migrate towards fast and cheap chains.

• The state of Layer 2 ecosystems is considered acceptable but not exceptional.

The summary has been provided in English, as per the given instructions.

Ethereum Bullish Outlook

In this section, the speaker discusses their growing bullishness on Ethereum for the upcoming cycle, particularly due to the potential inflows through ETFs.

Ethereum's Bullish Outlook

• The speaker has become more bullish on Ethereum for the next cycle.

• The upcoming cycle is expected to be influenced by public inflows through ETFs.

• The quick approval of ETFs surprised the speaker, as there was initially speculation of denial.

• There is a high likelihood of an Ethereum ETF being approved in quarter three or four of this year.

• If an Ethereum ETF is approved, it could change the narrative for Ethereum and potentially compete with Bitcoin in terms of accessibility and investment options.

• Currently, Ethereum is seen primarily as a smart contract platform, but an ETF approval could make it more appealing to traditional investors.

Impact of ETF Approval on Ethereum

This section explores how an approved ETF for Ethereum could impact its market position and competition with other cryptocurrencies.

Competition with Bitcoin and Other Cryptocurrencies

• Bitcoin's appeal through an ETF lies in its status as a separate asset class that can be accessed using traditional financial mechanisms.

• If an Ethereum ETF is approved, it may compete more directly with Bitcoin rather than other layer one solutions like Solana or Avalanche.

• Currently, decentralized applications built on top of Ethereum are driving its use case. However, other layer ones are rapidly growing and becoming more challenging for Ethereum to compete against.

Potential Benefits of Staking Mechanism

This section highlights the potential benefits of ethereum's staking mechanism if an ETH ETF gets approved.

Productive Asset and Accessibility

• With a staking mechanism in place, investing in ethereum through an ETF could be seen as a productive asset.

• ETFs staking ethereum to secure the network would not only increase its price but also accumulate more ethereum over time.

• The process of ethereum staking is becoming easier for the average person, which could further drive adoption and investment.

Rebranding Ethereum for Institutional Adoption

This section discusses the potential rebranding of Ethereum to attract institutional investors and capture more market share.

Shifting Narrative and Institutional Appeal

• The speaker believes that rebranding Ethereum as the most institutionally friendly smart contract platform with native yield could capture significant market share.

• If an Ethereum ETF is approved, it would open doors for other layer ones to gain approval and mainstream adoption.

• Increased accessibility to assets without technical hurdles would benefit both Ethereum and the overall cryptocurrency space.

Future of DeFi

This section explores the future prospects of decentralized finance (DeFi) and its sustainability.

Evolution of DeFi

• While DeFi may not return in the same form as in 2020 or 2021, there are new narratives emerging.

• Taking Ethereum or other cryptocurrencies for yield and using placeholder tokens for liquidity elsewhere is gaining traction.

• Bringing yield-bearing real-world assets onto blockchain platforms has potential, although scalability concerns remain.

• Large-scale adoption of such assets may face regulatory challenges from governments protective of their fiat currencies.

Impact on Asset Class

This section discusses how the approval of a Bitcoin ETF can positively impact the entire cryptocurrency asset class.

Positive Sentiment and Market Growth

• A Bitcoin ETF would act as a tailwind for the entire cryptocurrency asset class, improving sentiment and attracting more investors.

• Approval of one ETF can pave the way for others, including those for alternative cryptocurrencies like Solana.

• Increased accessibility and improved sentiment would give people more reasons to invest in cryptocurrencies.

Concerns and Historical Context

This section raises concerns about the potential growth of DeFi and highlights a historical example of asset mismanagement.

Regulatory Challenges and Asset Protection

• The speaker expresses reservations about the scalability of bringing real-world assets onto blockchain platforms.

• If billions of dollars are involved, governments may intervene to protect their fiat currencies, as seen in the 1MDB scandal in Malaysia.

Timestamps have been associated with relevant sections.

Defi and Tokenized Treasuries

The discussion revolves around the potential challenges faced by companies bringing assets on-chain, the scalability issues of crypto-native applications, and the value of tokenized treasuries.

Challenges for Companies Bringing Assets On-Chain

• Companies bringing assets on-chain may be domiciled outside the US to avoid jurisdictional issues with large amounts of US dollars.

• Currently, inflows into these companies are small, and their market caps and asset onboarding are also limited.

Scalability Issues of Crypto-Native Applications

• Existing crypto-native applications that take fees from users and distribute them through inflationary farming tokens do not scale well.

• These applications are not considered good enough in terms of functionality and scalability.

Value of Tokenized Treasuries

• Tokenizing short-term treasuries can provide value as a way to keep capital sticky on-chain, especially if interest rates remain high.

• Other types of real-world assets like real estate or watches may not be as valuable when tokenized.

• However, tokenizing short-term treasuries can offer benefits in terms of liquidity and accessibility.

The Potential Stifling Effect on DeFi RWA Narrative

The conversation shifts towards different perspectives on the future of decentralized finance (DeFi), specifically regarding traditional assets like corporate debt.

Different Views on Traditional Assets in DeFi

• One participant is more bullish on tokenized treasuries due to their potential value in keeping capital sticky on-chain.

• Another participant has a slightly different view and believes there is an upper limit to the scalability of tokenized treasuries.

• They are more optimistic about new types of real-world assets (RWA) being brought onto the blockchain, such as corporate debt.

Potential of Tokenized Corporate Debt

• Tokenizing corporate debt can make the process of raising funds or borrowing money easier for companies.

• By issuing debt tokens on-chain and allowing them to be traded on decentralized exchanges (DEXs), liquidity for these assets can be increased.

• This could lead to lower interest rates for loans, as the loss of liquidity is one of the reasons rates are currently high.

The Importance of Improving Crypto-Native Applications

The participants discuss the limitations of existing crypto-native applications and the need for improvement in order to attract more users.

Limitations of Crypto-Native Applications

• Existing crypto-native applications that generate revenue through fees and inflationary farming tokens are not considered good enough.

• These applications do not scale well and may not provide a satisfactory user experience.

Importance of Improving Functionality

• To retain capital on-chain, especially with higher interest rates, it is crucial to have better alternatives to current crypto-native applications.

• Tokenized treasuries may offer some value, but there is a need for improved functionality and scalability in other areas as well.

Different Perspectives on Capital Formation Using Blockchain

The conversation delves into different perspectives on capital formation using blockchain technology, including potential opportunities in third-world countries.

Interest in Real World Lending and Capital Formation

• One participant finds real-world lending interesting despite its bad reputation due to defaults in certain cases.

• They believe that solutions will be found to address these issues, opening up opportunities for companies in third-world countries to raise funds from crypto investors at potentially lower rates.

Advice for Newcomers in DeFi

The discussion shifts towards providing advice for newcomers entering the decentralized finance space.

Importance of Operational Security

• Newcomers should prioritize operational security to avoid risky situations that could backfire.

• Taking precautions such as using hardware wallets and being aware of potential exploits and phishing attempts is crucial.

Stick with Protocols and Secure Setups

• It is advisable to stick with protocols or Layer 1 solutions that one is confident in.

• Having a secure setup, including using hardware wallets, can help protect assets from theft or loss.

Capital Efficiency and Risk Management

• For those starting out with limited capital, it is important to be as capital efficient as possible.

• Regularly assess the deployment of capital and adjust positions based on opportunities and risk management strategies.

Avoid Excessive Gambling

• While there are rare instances of significant gains from small initial investments, it is generally not advisable to gamble excessively on moonshot positions.

• Focus on surviving in the market by making informed decisions rather than relying solely on luck.

The transcript provided was already in English.

Understanding Realistic Expectations in Crypto Investing

In this section, the speaker discusses the importance of having realistic expectations when investing in cryptocurrency. They emphasize that it is unrealistic to expect massive returns within a short period of time and caution against comparing oneself to others on social media.

Realistic Expectations and Avoiding Unrealistic Returns

• It is unrealistic to expect huge returns quickly when starting with a small investment.

• Many people on social media only share their wins, creating an unrealistic perception of success.

• Survivorship bias exists, where people only see the successful outcomes and not the failures.

• Have an identifiable edge or strategy instead of blindly chasing moonshots.

• Allocate a small portion of your initial investment to high-risk moonshots but be prepared for potential losses.

• Focus the majority of your assets on high conviction plays with higher expected returns.

Maintaining Balance and Diversification

• Keep a certain percentage of your portfolio in stable coins for stability.

• Maintain a ratio between stable coins and other assets as they fluctuate in value.

• Stable coins can provide risk-free yield opportunities on-chain.

• Take profits when assets increase in value and adjust ratios accordingly.

• Consider diversifying assets beyond just buying multiple altcoins, as many crypto assets are highly correlated.

Traits of Successful Traders and Investors

In this section, the speaker shares insights into the common traits observed among successful traders and investors. They highlight the importance of remaining objective, having a clear investment thesis, and avoiding comparisons with others.

Objectivity and Analytical Approach

• Remain objective in all situations, especially during bull markets when emotions can cloud judgment.

• Avoid FOMO (fear of missing out) mentality and focus on long-term goals instead.

• Have a general thesis and drown out the noise from others.

• Don't compare your results to others; focus on your own path and objectives.

Belief in Yourself and Consistent Returns

• Making any profit in crypto puts you ahead of most people, so believe in yourself.

• Comparing yourself to others can lead to unnecessary self-doubt.

• Consistent returns over time are valuable, even if they may seem smaller compared to others.

Misconceptions About Crypto Markets

In this section, the speaker addresses some common misconceptions about the crypto markets. They discuss how mainstream media often amplifies negative incidents, leading to an inaccurate perception of the entire crypto industry.

Criminality and Negative Perception

• One major misconception is that crypto is only used by criminals for money laundering and illicit activities.

• While there are instances of exploits, hacks, and money laundering, they represent a small percentage of overall crypto activity.

• Mainstream media tends to focus on negative incidents rather than the majority of participants who use crypto for legitimate purposes.

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Diversification vs Concentration

In this section, the speaker discusses the concept of diversification versus concentration in investing.

Diversification and Concentration

• Diversifying by buying multiple assets does not necessarily provide true diversification.

• The speaker believes in concentrating investments based on conviction.

• Concentrated positions come with more risk but can also lead to higher returns.

• It is important to consider the qualities of good trades and whether to bet the same size every time or take larger positions based on conviction.

Conviction and Market Outlook

This section focuses on the speaker's perspective on conviction in cryptocurrency investments and their outlook on the market.

Conviction and Market Share

• In crypto, it is difficult to have 100% conviction in a single asset due to similarities between assets.

• The speaker suggests diversifying positions based on levels of conviction.

• Winners are likely to capture most of the market share in the future.

• Allocating investments based on conviction level is a proper approach.

Cynicism and Belief in Crypto

Here, the speaker reflects on their attitude towards the market and their belief in cryptocurrency despite cynicism.

Cynicism and Optimism

• The speaker admits being cynical about certain aspects of crypto that they consider as nonsense or fads.

• They remain optimistic about innovation happening within crypto.

• Unless something drastic happens, there is nothing that would make them overall bearish about the entire crypto market.

Successful Trades and Shorting Luna

This section highlights one of the speaker's successful trades involving shorting Luna and their thoughts on its potential failure.

Shorting Luna Trade

• One of the speaker's proudest trades was shorting Luna.

• They believed it was obvious that the project would fail due to its economic model and security concerns.

• Despite tweeting about Luna's potential failure for six months, they were surprised by the number of intelligent people who held massive positions in it.

The transcript provided does not cover the entire video.

New Section

In this section, the speaker discusses the herd mentality in the crypto market and shares personal experiences with Luna and FTX. They also talk about the importance of patience and long-term thinking in both crypto and life in general.

Advice for Younger Self

• The speaker advises their younger self to be more patient, especially in relation to crypto. They mention how early judgments can lead to missed opportunities.

• They reflect on a time when Bitcoin experienced a significant price drop followed by a prolonged bear market. They regret losing conviction during that period and emphasize the importance of recognizing long-term potential.

• The speaker highlights that technological advancements in crypto are not solely dependent on market cycles. Rushed projects during bull markets may not represent the true potential of the technology.

• They provide an example of rushed development in blockchain gaming, where infrastructure and quality were compromised due to market demands. Patience is crucial for building sustainable products.

Emotional Control and Long-Term Thinking

• The speaker emphasizes the need for emotional control when dealing with market fluctuations. Experience helps develop resilience and rationality.

• They mention that only after experiencing multiple market cycles can one become comfortable with daily price swings. Being in the space regularly helps build mental fortitude.

• Survival is key, as some individuals were completely wiped out during previous cycles. It's important not to be too reckless or seek instant gains.

The transcript provided does not contain enough content for additional sections without mixing topics or creating very short sections.

The Importance of Capitalizing on Opportunities

In this section, the speaker discusses the significance of remaining in the game and capitalizing on opportunities in trading. They compare making a single successful trade to luck, but emphasize that consistently compounding trades over time indicates skill rather than luck.

Capitalizing on Opportunities

• Remaining in the game and being ready to seize opportunities is crucial in trading.

• Making a single successful trade can be attributed to luck, but consistently compounding multiple trades indicates skill.

• The speaker uses a poker analogy to explain that winning one session may be luck, but winning thousands of hands demonstrates true skill.

• In crypto trading, it can be challenging to determine expected value (EV) due to the absence of an EV line like in online poker.

• Crypto trading involves significant standard deviation even with an edge, making it difficult to judge performance accurately.

Continuing Successful Strategies and Making Adjustments

This section focuses on the importance of sticking with successful strategies while also being open to reviewing and adjusting them if necessary. The speaker emphasizes the need for consistency and adaptability in trading.

Sticking with Successful Strategies

• If a strategy is performing well, it is advisable to continue following it.

• Reviewing and making adjustments are essential when a strategy is not yielding desired results.

• Consistency is key in maintaining success in trading.

Adapting Strategies

• It's important to adapt strategies based on market conditions or changes within specific games or markets.

• Comparisons are made between online poker's EV line and crypto trading's lack thereof when evaluating performance.

Finding J Mo Online and Podcast Information

In this section, information about where people can find J Mo online and his podcast is provided. The speaker mentions their occasional podcast with friends, discussing crypto news and inviting guests from the industry.

Finding J Mo Online

• J Mo can be found on Twitter with the handle "Cy cakes1 123."

• He occasionally hosts a podcast called "Shitcoin Decom" with friends, including Blake and Andreas.

• The podcast covers crypto news and features guests who are well-known or doing interesting things in the crypto space.

• J Mo has a wide network within the crypto community.

Podcast Details

• The podcast aims to provide a platform for guests to talk about their work or share their perspectives.

• Episodes are released approximately once or twice a month.

• Efforts will be made to produce more episodes in the future.

Origin of Screen Names and Inside Jokes

This section delves into the origin of screen names used by J Mo and an inside joke related to "wage cucking." The speaker explains how these names came about through gaming experiences and interactions with friends.

Origin of Screen Names

• J Mo's screen name "Cy cakes" originated from playing DOTA, where "carry cakes" referred to being a powerful hero in the game.

• The same screen name was also used during poker games on Poker Stars.

Wage Cucking Inside Joke

• The term "wage cucking" was coined as an inside joke among J Mo, Andreas, and Brian Mikon.

• It stemmed from watching a video called "Cuck Tower" on YouTube (recommended to watch).

• Wage cucking became an ongoing joke due to the contrast between J Mo's relatively unemployed status compared to his friends' responsibilities and jobs running companies.

Naming of Podcast and Final Thoughts

In this section, the speaker explains why the podcast was named "Wage Cucking" and shares their perspective on responsibilities and work. The section concludes with a brief exchange between the speaker and the interviewer.

Naming of Podcast

• The podcast was named "Wage Cucking" as a reflection of J Mo's relatively minimal daily responsibilities compared to his friends.

• It humorously highlights that participating in the podcast is one of J Mo's few real responsibilities.

Final Thoughts

• The interviewer mentions listening to "wage cucking" frequently and asks about the origin of names like "Cy cakes."

• J Mo reflects on his unemployed status and how it contrasts with his friends' real jobs and responsibilities.

• The section ends with an acknowledgment of the story behind naming the podcast.