NFA S1E16 Summary:
On this episode of the NFA Podcast, Nish and Michiel tackle apacked week of news. They dissect the controversial $3 million OpenAI video announcing its merger with io, questioning its cost, effectiveness, and the egos of OpenAI CEO Sam Altman and legendary designer Jony Ive, who is one of Michiel'sidols whereas Nish had never heard of him.
They also cover significant market news, including Thailand'sban on five major crypto exchanges, the aftermath of the SUI protocol and Cetus DEX hack (and its surprisingly positive resolution through community voting) and a Supreme Court case involving Coinbase and an SEC data probe.
They touch on the "Trump dinner" and its allegedmillion-dollar-per-seat cost. Nvidia's surge to overtake Microsoft and Apple in market cap is discussed, alongside Michiel's personal regrets about selling his shares. The conversation also explores the elusive "alt season," introduces BitTensor as a decentralized AI infrastructure project both Nish and Michiel like and culminates in the hosts agreeing to a friendly $100 trading competition. As always, the hosts remind listeners that this is not financial advice.
This is the OpenAI video fail Nish and Michiel discuss:
https://youtu.be/W09bIpc_3ms?si=6JHFFKVcIqz3AsX-
Other Key Topics Discussed:
• Market News: Trump dinner costs, Nvidia's market dominance, Broadcom performance.
• Cryptocurrency Deep Dive:
o SUI protocol & Cetus DEX hack resolution and decentralized voting.
o Is SUI the next Solana or Ethereum?
o Thailand's ban on Bybit, 1000X, CoinX, OKX, and XT exchanges.
o US Supreme Court, SEC, and a Coinbase user data probe.
o The elusive "alt season" and market sentiment.
o BitTensor (TAU) and decentralized AI infrastructure.
• Tech Updates & Commentary:
o The low viewership (700k) vs. high production cost.
o Platform responsibility for user-generated content (Telegram discussion).
• Investing & Trading:
o Michiel's Nvidia sale regret and current thoughts on its valuation.
o Nish's crypto-only and "gut feeling" investment strategy.
o Proposal for a $100 trading competition between Nish and Michiel.
Chapters / Sections
• (00:00) Introduction & Episode Overview
• (00:29) Welcome & Disclaimer (Not Financial Advice)
• (00:54) Initial Market Banter & Broadcom Mention
• (01:28) SUI Protocol & Cetus DEX Hack Follow-up
• (04:07) General Crypto Market News & Altcoin Season
• (04:52) Thailand Bans Five Crypto Exchanges
• (05:51) Trump Dinner Cost
• (06:14) Supreme Court, SEC, and Coinbase Data Probe
• (07:03) Platform Responsibility for User Content
• (07:41) OpenAI & io Merger Video Deep Dive (Cost, Production, Ego)
• (16:39) Market News: Nvidia Overtakes Microsoft & Apple
• (19:08) Nish's Crypto-Only Investment Approach
• (19:51) Proposed Trading Competition
• (23:21) Token Discussion: Sui and BitTensor (TAU)
• (25:44) Trading Competition Strategy Discussion
• (26:04) Closing Remarks & Competition Banter
• (27:21) Final Takeaway & Sign-off
Actionable Takeaways (Remember: Not Financial Advice!):
• Community governance and transparent crisis response are vital in the crypto space, as demonstrated by the SUI/Cetus situation.
• Tech founders should focus on authentic marketing and product value over ego-driven displays.
• High-budget productions don't always translate to effective marketing or positive public perception.
• Decentralized AI infrastructures like BitTensor aim to break monopolies and foster innovation by rewarding participation.
Companies, Tokens & People Mentioned:
• Companies/Organizations: OpenAI, io, Broadcom, Nvidia, SUI, Cetus, Solana, Ethereum, Bybit, OKX, Coinbase, Telegram, Ton, San Francisco Standard, Microsoft, Apple, Bitcoin.
• People: Donald Trump, Sam Altman, Jony Ive, Pavel Durov (Telegram), Steve Jobs
• Tokens: SUI, TAU (BitTensor).
Tune in for: Weekly news summaries, crypto updates, tech insights, and traditional finance market discussions.