<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[On The Margin | Boaz Sobrado & Ivan Patriki]]></title><description><![CDATA[Conversations outside the financial mainstream]]></description><link>https://www.on-the-margin.com</link><image><url>https://substackcdn.com/image/fetch/$s_!KTLq!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F30edfb11-eff9-4291-966f-2536b4237c6b_1080x1080.png</url><title>On The Margin | Boaz Sobrado &amp; Ivan Patriki</title><link>https://www.on-the-margin.com</link></image><generator>Substack</generator><lastBuildDate>Wed, 22 Jul 2026 20:37:39 GMT</lastBuildDate><atom:link href="https://www.on-the-margin.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[On The Margin]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[substack@on-the-margin.com]]></webMaster><itunes:owner><itunes:email><![CDATA[substack@on-the-margin.com]]></itunes:email><itunes:name><![CDATA[On The Margin]]></itunes:name></itunes:owner><itunes:author><![CDATA[On The Margin]]></itunes:author><googleplay:owner><![CDATA[substack@on-the-margin.com]]></googleplay:owner><googleplay:email><![CDATA[substack@on-the-margin.com]]></googleplay:email><googleplay:author><![CDATA[On The Margin]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Bhutan Just Showed Me How the King is Building a Crypto City | Jigdrel Singay, Yu Zheng, & Ivan Patriki]]></title><description><![CDATA[Bhutan is going all-in on crypto, the city is called the Geluphy Mindfulness City.]]></description><link>https://www.on-the-margin.com/p/bhutan-just-showed-me-how-the-king</link><guid isPermaLink="false">https://www.on-the-margin.com/p/bhutan-just-showed-me-how-the-king</guid><dc:creator><![CDATA[Ivan Patriki]]></dc:creator><pubDate>Wed, 15 Jul 2026 16:32:06 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/206471469/79b58cd97d6ae580286d85f53b6bc812.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p><span>Bhutan is going all-in on crypto, the city is called the Geluphy Mindfulness City. They mined their first Bitcoin in 2018, using clean hydropower, years before most governments knew what a blockchain was. Now the Himalayan kingdom of under a million people is building something no other country has attempted: a special administrative region roughly seven times the size of Singapore, with its own regulator, its own licensed bank, and a mandate to become the financial gateway for two billion people across South Asia.<br><br>Jigdrel Singay sits on the board of the Gelephu Mindfulness City Authority (GMCA), the body building what it calls &#8220;two systems, one country&#8221; out of the Bhutanese lowlands bordering India. Yu Dong Zheng runs DK Bank, the only bank licensed to operate inside the zone, built from day one to hold fiat and crypto in the same account, something most &#8220;crypto-friendly&#8221; banks still won&#8217;t do.<br><br>We cover:<br><br>Why GMCA calls itself &#8220;two systems, one country,&#8221; and what makes it legally separate from the rest of Bhutan The &#8220;Hong Kong for China, Singapore for Southeast Asia&#8221; pitch, and why South Asia&#8217;s 2 billion people don&#8217;t have a financial hub yet Bhutan has been mining Bitcoin with hydropower since 2019, years before most sovereign states paid attention Cheap, undocumented labor built Dubai. What builds a five-story-max Buddhist mindfulness city instead? Why Bhutan has no diplomatic relations with any of the five permanent UN Security Council members &#8220;We scan the wallet&#8221;: how DK Bank monitors on-chain and off-chain flows to keep bad actors out Will there ever be a &#8220;Bhutan coin&#8221;? Yu Dong Zheng&#8217;s answer: &#8220;Anything tactically is possible&#8221; &#8220;What if Bitcoin goes down and never comes back?&#8221; A banker&#8217;s contrarian answer Won&#8217;t two billion potential visitors turn Gelephu into another Delhi or Mumbai? The digital nomad visa program, still being tested, and why it isn&#8217;t rolling out to everyone yet Rent, groceries, cheeseburgers and Starlink: what life actually costs there right now<br><br>GUESTS: Jigdrel Singay: Board Member and Digital Assets &amp; Fintech Lead for the Gelephu Mindfulness City Authority (GMCA). Previously advanced blockchain and Web3 programs at Druk Holding &amp; Investments, Bhutan&#8217;s sovereign wealth fund, and sits on the Board of the Royal Stock Exchange of Bhutan.<br><br>Yu Dong Zheng (&#8221;YD&#8221;): CEO of DK Bank, the only bank licensed to operate inside Gelephu Mindfulness City, jointly regulated with Bhutan&#8217;s Royal Monetary Authority.<br><br>RESOURCES &amp; LINKS: Gelephu Mindfulness City: https://www.gmc.bt<br><br>DK Bank: https://www.digitalkidu.bt<br><br>MORE OF JIGDREL SINGAY: LinkedIn: https://www.linkedin.com/in/jigdrelsingay/<br><br>GMC bio: https://gmc.bt/people/Jigdrel_Singay<br><br>MORE OF YU DONG ZHENG: LinkedIn: https://www.linkedin.com/in/zhengyudong/<br><br>DK Bank on LinkedIn: https://bt.linkedin.com/company/dkbank<br><br>MORE OF ON THE MARGIN: Website: https://www.themargin.tv<br><br></span></p><div class="apple-podcast-container" data-component-name="ApplePodcastToDom"><iframe class="apple-podcast episode-list" data-attrs="{&quot;url&quot;:&quot;https://embed.podcasts.apple.com/us/podcast/on-the-margin-boaz-sobrado-ivan-patriki/id1713090042&quot;,&quot;isEpisode&quot;:false,&quot;imageUrl&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/podcast_1713090042.jpg&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastTitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastByline&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;duration&quot;:3406,&quot;numEpisodes&quot;:49,&quot;targetUrl&quot;:&quot;https://podcasts.apple.com/us/podcast/on-the-margin-boaz-sobrado-ivan-patriki/id1713090042?uo=4&quot;,&quot;releaseDate&quot;:&quot;2026-07-01T15:11:00Z&quot;}" src="https://embed.podcasts.apple.com/us/podcast/on-the-margin-boaz-sobrado-ivan-patriki/id1713090042" frameborder="0" allow="autoplay *; encrypted-media *;" allowfullscreen="true"></iframe></div><p><span><br><br>Spotify:</span></p><iframe class="spotify-wrap podcast" data-attrs="{&quot;image&quot;:&quot;https://i.scdn.co/image/ab6765630000ba8a8ae2a21797ff2c72e773d006&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;subtitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;description&quot;:&quot;Podcast&quot;,&quot;url&quot;:&quot;https://open.spotify.com/show/77nHDRkVXrrrnq7Ivn5kWa&quot;,&quot;belowTheFold&quot;:false,&quot;noScroll&quot;:false}" src="https://open.spotify.com/embed/show/77nHDRkVXrrrnq7Ivn5kWa" frameborder="0" gesture="media" allowfullscreen="true" allow="encrypted-media" data-component-name="Spotify2ToDOM"></iframe><p><span><br><br>Main Site: https://www.on-the-margin.com<br><br>MORE OF BOAZ SOBRADO: Twitter: https://x.com/sobradob<br><br>Instagram: https://www.instagram.com/sobradob<br><br>Website: https://themargin.tv/boaz-sobrado<br><br>MORE OF IVAN PATRIKI: LinkedIn: https://www.linkedin.com/in/artizt<br><br>Substack: https://substack.com/@artizt<br><br>Twitter: https://x.com/Ivan_patriki<br><br>Instagram: https://www.instagram.com/artizt/?hl=en<br><br>TikTok: https://www.tiktok.com/@ascended<br><br>Telegram: https://t.me/ivanpatriki<br><br>00:00 - Cold open: does the world need another Dubai?.<br>00:54 - Meet the GMCA board member and DK Bank&#8217;s CEO, and why South Asia&#8217;s 2 billion people don&#8217;t have a financial hub yet.<br>03:22 - &#8220;Two systems, one country&#8221;: Buddhism, mindfulness, and how the king got Bhutan to back a crypto free zone.<br>07:29 - Speed without skipping oversight: inside the regulator, and Bitcoin mining since 2019.<br>10:44 - Cheap labor built Dubai. Citizenship, mining targets, and Bhutan&#8217;s zero diplomatic ties with the UN Security Council.<br>19:02 -  Setting up a crypto company: compliance, licensing, and solving de-banking.<br>24:15 -Will there ever be a &#8220;Bhutan coin&#8221;? DK Bank&#8217;s roadmap, and what if Bitcoin never goes back up.<br>31:15 - What Bhutan can teach the world about mindful growth.<br>35:02 - Won&#8217;t two billion people turn Gelephu into another Delhi? The digital nomad program.<br>41:54 - The real cost of living, cheeseburgers and Starlink, and why choose Bhutan over Dubai, Bali or Miami.<br><br>All of Jigdrel&#8217;s and YD&#8217;s links will be in the description. Make sure to like, comment, and share, and I&#8217;ll see you in the next one.</span></p>]]></content:encoded></item><item><title><![CDATA[SquareFi Founder: "We Have Only 6 Developers" Anton Lobintsev & Ivan Patriki On the Margin]]></title><description><![CDATA[There&#8217;s a company processing over to $350 million in transactions that spends less on AI all year than most startups spend on it in a single month.]]></description><link>https://www.on-the-margin.com/p/squarefi-founder-we-have-only-6-developers</link><guid isPermaLink="false">https://www.on-the-margin.com/p/squarefi-founder-we-have-only-6-developers</guid><dc:creator><![CDATA[Ivan Patriki]]></dc:creator><pubDate>Fri, 10 Jul 2026 20:44:56 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/206471511/2fae02169750152740861382095bd0ef.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p><span>There&#8217;s a company processing over to $350 million in transactions that spends less on AI all year than most startups spend on it in a single month. Anton Lobintsev, co-founder of the stablecoin-based financial platform SquareFi, built it that way on purpose.<br><br>His company didn&#8217;t start as a fintech at all. It started as a platform to tokenize real estate in Georgia and Indonesia, until Anton and his co-founder realized nobody wanted to tokenize their buildings. They just wanted to accept stablecoin payments for them. So they rebuilt the whole business around that instead.<br><br>We cover:<br><br>The $500 million AI story that kicked off the &#8220;what are people doing with all these tokens?&#8221; running joke What SquareFi actually is: stablecoin custody, crypto-as-a-service, banking accounts, and cards, all under one platform Why 95% of SquareFi&#8217;s customers aren&#8217;t crypto-native businesses at all How a company with employees scattered across the world pays salaries in crypto when banks won&#8217;t touch the corridor Why venture capital firms use SquareFi to collect capital calls from LPs on three different continents From tokenizing buildings as NFTs to realizing the market wanted payments, not tokenization Why Canada, not Dubai or the Cayman Islands, became the regulatory home base How $50 million in transactions turned into roughly $300 million Why the company spends $5,000 to $7,000 a year on AI, not $50,000 The real reason companies claim to burn &#8220;$1 billion in tokens&#8221; (and why it&#8217;s probably marketing)<br><br>GUEST: Anton Lobintsev: Co-Founder &amp; Chief Product Officer of SquareFi, alongside co-founder and CEO Denis Spasibo. Serial entrepreneur since roughly 2007, having built and sold companies across telecom/internet, restaurants, and legal services before co-founding a real-estate tokenization platform that pivoted into SquareFi, a stablecoin-based financial platform now processing close to $300 million in transactions across 150+ countries.<br><br>RESOURCES &amp; LINKS: SquareFi: https://squarefi.co<br><br>MORE OF ANTON LOBINTSEV: LinkedIn: https://www.linkedin.com/in/lobintsev/<br><br>MORE OF SQUAREFI: LinkedIn: https://www.linkedin.com/company/squarefii/<br><br>Instagram: https://www.instagram.com/squarefi/<br><br>Telegram: https://t.me/Square_Fi<br><br>MORE OF ON THE MARGIN: Website: https://www.themargin.tv<br><br></span></p><div class="apple-podcast-container" data-component-name="ApplePodcastToDom"><iframe class="apple-podcast episode-list" data-attrs="{&quot;url&quot;:&quot;https://embed.podcasts.apple.com/us/podcast/on-the-margin-boaz-sobrado-ivan-patriki/id1713090042&quot;,&quot;isEpisode&quot;:false,&quot;imageUrl&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/podcast_1713090042.jpg&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastTitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastByline&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;duration&quot;:3406,&quot;numEpisodes&quot;:49,&quot;targetUrl&quot;:&quot;https://podcasts.apple.com/us/podcast/on-the-margin-boaz-sobrado-ivan-patriki/id1713090042?uo=4&quot;,&quot;releaseDate&quot;:&quot;2026-07-01T15:11:00Z&quot;}" src="https://embed.podcasts.apple.com/us/podcast/on-the-margin-boaz-sobrado-ivan-patriki/id1713090042" frameborder="0" allow="autoplay *; encrypted-media *;" allowfullscreen="true"></iframe></div><p><span><br><br>Spotify:</span></p><iframe class="spotify-wrap podcast" data-attrs="{&quot;image&quot;:&quot;https://i.scdn.co/image/ab6765630000ba8a8ae2a21797ff2c72e773d006&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;subtitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;description&quot;:&quot;Podcast&quot;,&quot;url&quot;:&quot;https://open.spotify.com/show/77nHDRkVXrrrnq7Ivn5kWa&quot;,&quot;belowTheFold&quot;:false,&quot;noScroll&quot;:false}" src="https://open.spotify.com/embed/show/77nHDRkVXrrrnq7Ivn5kWa" frameborder="0" gesture="media" allowfullscreen="true" allow="encrypted-media" data-component-name="Spotify2ToDOM"></iframe><p><span><br><br>Main Site: https://www.on-the-margin.com<br><br>MORE OF BOAZ SOBRADO: Twitter: https://x.com/sobradob<br><br>Instagram: https://www.instagram.com/sobradob<br><br>Website: https://themargin.tv/boaz-sobrado<br><br>MORE OF IVAN PATRIKI: LinkedIn: https://www.linkedin.com/in/artizt<br><br>Substack: https://substack.com/@artizt<br><br>Twitter: https://x.com/Ivan_patriki<br><br>Instagram: https://www.instagram.com/artizt/?hl=en<br><br>TikTok: https://www.tiktok.com/@ascended<br><br>Telegram: https://t.me/ivanpatriki<br><br>00:00 - Cold open: the $500 million AI story and the tokens joke.<br><br>00:22 - What SquareFi is: stablecoin custody, crypto-as-a-service, cards, and banking accounts.<br><br>03:58 - Two business models, why most customers aren&#8217;t crypto companies, and the Bangladesh remittance problem.<br><br>08:43 - Getting licensed in Canada, the &#8220;umbrella license&#8221; model, and why offshore jurisdictions don&#8217;t work.<br><br>14:20 - The roadmap: UAE, EU, and Singapore licenses.<br><br>16:28 - The origin story: tokenizing buildings, meeting his co-founder, and where the name SquareFi comes from.<br><br>23:26 - Finding early customers, and today&#8217;s transaction volume: roughly $300 million.<br><br>26:24 - What to look for in a co-founder, and the painful history of past breakups.<br><br>29:38 - Radical honesty as the glue of the partnership, and staying disciplined on spending.<br><br>33:24 - What investors are really looking for: founder, traction, team.<br><br>37:52 - How AI changed Anton&#8217;s workflow as a self-taught technical founder.<br><br>42:40 - The goal: a 50-person unicorn, and his CTO&#8217;s job managing people and AI agents.<br><br>46:05 - The real number: $5,000 to $7,000 spent on AI this year, and why.<br><br>50:35 - Why licenses are only 10% of the work, and launching a stablecoin through Brale.<br><br>54:54 - Founder advice: find people who cover your weaknesses, hire freelancers, and stay transparent.<br><br>1:01:19 - Closing.<br><br>Make sure to like, comment, and share, and I&#8217;ll see you in the next one.</span></p>]]></content:encoded></item><item><title><![CDATA[AI Is Replacing Casino Dealers & Dating? BetHog & FanDuel Founder Nigel Eccles with / Boaz Sobrado]]></title><description><![CDATA[Nigel and Boaz Sobrado explore how AI is set to transform gaming&#8212;and why virtual dealers could become one of the first AI experiences millions of people interact with every day.]]></description><link>https://www.on-the-margin.com/p/ai-is-replacing-casino-dealers-and</link><guid isPermaLink="false">https://www.on-the-margin.com/p/ai-is-replacing-casino-dealers-and</guid><dc:creator><![CDATA[Ivan Patriki]]></dc:creator><pubDate>Sat, 04 Jul 2026 00:28:22 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/204977965/6bcd27df0a391870becfbaf6724ed8d6.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>Nigel and Boaz Sobrado explore how AI is set to transform gaming&#8212;and why virtual dealers could become one of the first AI experiences millions of people interact with every day.</p><p>Nigel explains why his company believes AI dealers can outperform human dealers, how crypto and stablecoins are reshaping the online casino industry, and why AI isn&#8217;t simply replacing jobs but evolving into a social layer that helps people learn, communicate, and build stronger relationships.</p><p>The conversation also dives into the future of AI-powered avatars, personalized digital companions, and a world where AI doesn&#8217;t replace human interaction&#8212;but enhances it by acting as a bridge between people.</p><p><strong>In this episode:</strong></p><ul><li><p>Why AI dealers could outperform human dealers in online casinos</p></li><li><p>The $15 billion live dealer market and why it&#8217;s ripe for disruption</p></li><li><p>How AI delivers a more personalized gaming experience</p></li><li><p>Why new players often prefer AI dealers over real ones</p></li><li><p>The future of AI-powered casino hosts and personalized avatars</p></li><li><p>How stablecoins are transforming online gaming payments</p></li><li><p>Why crypto has become the preferred payment rail for gaming companies</p></li><li><p>Public AI tables and the next generation of social gaming</p></li><li><p>Can AI improve the way humans communicate?</p></li><li><p>AI agents interacting with other AI agents in dating and social apps</p></li><li><p>Why AI could become one of the most effective tools for conflict resolution</p></li><li><p>What the future of AI looks like across gaming, finance, and everyday life</p></li></ul><p>If you enjoyed the conversation, subscribe to the channel and leave a comment with your biggest takeaway.<br><br><br><span>MORE OF NIGEL ECCLES:<br>X / Twitter: https://x.com/nigeleccles<br>LinkedIn: https://www.linkedin.com/in/nigeleccles/<br>Instagram: https://www.instagram.com/nigeleccles/<br>Bethog: https://www.bethog.com<br><br>MORE OF ON THE MARGIN:<br>Website: https://www.themargin.tv<br></span></p><div class="apple-podcast-container" data-component-name="ApplePodcastToDom"><iframe class="apple-podcast episode-list" data-attrs="{&quot;url&quot;:&quot;https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042&quot;,&quot;isEpisode&quot;:false,&quot;imageUrl&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/podcast_1713090042.jpg&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastTitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastByline&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;duration&quot;:7718,&quot;numEpisodes&quot;:48,&quot;targetUrl&quot;:&quot;https://podcasts.apple.com/us/podcast/on-the-margin-boaz-sobrado-ivan-patriki/id1713090042?uo=4&quot;,&quot;releaseDate&quot;:&quot;2026-06-23T15:30:00Z&quot;}" src="https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042" frameborder="0" allow="autoplay *; encrypted-media *;" allowfullscreen="true"></iframe></div><p><span><br>Spotify:</span></p><iframe class="spotify-wrap podcast" data-attrs="{&quot;image&quot;:&quot;https://i.scdn.co/image/ab6765630000ba8a8ae2a21797ff2c72e773d006&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;subtitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;description&quot;:&quot;Podcast&quot;,&quot;url&quot;:&quot;https://open.spotify.com/show/77nHDRkVXrrrnq7Ivn5kWa&quot;,&quot;belowTheFold&quot;:false,&quot;noScroll&quot;:false}" src="https://open.spotify.com/embed/show/77nHDRkVXrrrnq7Ivn5kWa" frameborder="0" gesture="media" allowfullscreen="true" allow="encrypted-media" data-component-name="Spotify2ToDOM"></iframe><p><span><br>Substack: https://www.on-the-margin.com<br><br>MORE OF BOAZ SOBRADO:<br>Twitter: https://x.com/sobradob<br>Instagram: https://www.instagram.com/sobradob/<br>Website: https://themargin.tv/boaz-sobrado<br><br>MORE OF IVAN PATRIKI:<br>LinkedIn: https://www.linkedin.com/in/artizt<br>Substack: https://substack.com/@artizt<br>Twitter: https://x.com/Ivan_patriki<br>Instagram: https://www.instagram.com/artizt/?hl=en<br>TikTok: https://www.tiktok.com/@ascended<br>Telegram: https://t.me/ivanpatriki<br><br><br>00:00 - Cold open: Can AI improve human relationships?<br>00:35 - How AI is transforming the gaming industry<br>01:01 - Why live dealers are a $15B industry<br>01:52 - Replacing human dealers with AI avatars<br>03:22 - Why players still want a dealer<br>05:25 - Building an AI that knows every player<br>07:43 - Early results: Why AI dealers are winning<br>10:15 - The future of personalized AI dealers<br>11:23 - How stablecoins changed online casinos<br>13:49 - Why crypto users embrace AI faster<br>14:50 - What still needs to improve<br>16:14 - AI as a social host, not just a dealer<br>17:56 - Can AI help humans communicate better?<br>19:06 - AI agents talking to each other<br>20:19 - Why AI could become the perfect casino host<br>21:03 - Final thoughts on the future of AI<br><br>dont forget to subscribe</span></p>]]></content:encoded></item><item><title><![CDATA["How I Sold My $100K Painting" | Is Fine Art Money Laundering? | Koceila Chougar & Ivan Patriki]]></title><description><![CDATA[Koceila Cougar and Ivan Patriki speak about some crazy secrets here...]]></description><link>https://www.on-the-margin.com/p/how-i-sold-my-100k-painting-is-fine</link><guid isPermaLink="false">https://www.on-the-margin.com/p/how-i-sold-my-100k-painting-is-fine</guid><dc:creator><![CDATA[Ivan Patriki]]></dc:creator><pubDate>Wed, 01 Jul 2026 15:11:31 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/204443392/3bc901d2a1f2187a6e028f5a629fd3ee.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p><span>Koceila Cougar and Ivan Patriki speak about some crazy secrets here...<br>Koceila is a Paris-based artist, musician, and cultural strategist who's sold paintings for $100,000, exhibited at Art Basel Miami, and moved through the same circles as billionaires, royalty, and people he won't name on camera. He describes himself as a "cultural spy" - someone who sees what others can't, moves between worlds most people never get access to, and uses art as a key to rooms that money alone won't open.<br>In this episode, Koceila pulls back the curtain on the art market most people never see - the scams, the speculation, the money laundering, the fake masterpieces sitting in museum collections, and why the richest people in the world buy art for reasons that have nothing to do with loving art. He also gets into the dark side of elite life: the drugs, the prostitution, the artists who destroy themselves after making it &#8212; and how he walked away from all of it.<br>Topics covered:<br><br>Why most expensive "pop art" is a scam &#8212; and how galleries know it<br>How art functions as a financial tool, tax vehicle, and money laundering mechanism<br>The $150M painting that might be a fake &#8212; and why no one can say it<br>What billionaires are actually buying when they buy art<br>The hidden art market vs. what the public sees<br>How self-made elites think differently than people born into money<br>Why charisma isn't what gets you into elite rooms &#8212; risk is<br>The Illuminati symbolism in his work and his journey through sacred plants and spirituality<br>The dark side of success: artists dying by suicide and OD, the "matrix" of Miami<br>How to use events like Cannes and Art Basel as leverage &#8212; not tourism<br>Salvador Dal&#237;, surrealism, and the spiritual vs. chemical path to creativity<br><br><br>MORE OF KOCEILA CHOUGAR:<br>Instagram: https://www.instagram.com/koceilachougar/<br>Spotify:</span></p><iframe class="spotify-wrap artist" data-attrs="{&quot;image&quot;:&quot;https://i.scdn.co/image/ab6761610000e5eb3e59e3f7a385dbe50023d9af&quot;,&quot;title&quot;:&quot;Koceila Chougar&quot;,&quot;subtitle&quot;:&quot;Artist&quot;,&quot;description&quot;:&quot;&quot;,&quot;url&quot;:&quot;https://open.spotify.com/artist/6HjDnaMCDzaWLyQ9aVWeg7&quot;,&quot;belowTheFold&quot;:false,&quot;noScroll&quot;:false}" src="https://open.spotify.com/embed/artist/6HjDnaMCDzaWLyQ9aVWeg7" frameborder="0" gesture="media" allowfullscreen="true" allow="encrypted-media" data-component-name="Spotify2ToDOM"></iframe><p><span><br>Soundcloud: https://soundcloud.com/koceila-chougar<br>Aersper: https://www.artsper.com/us/contemporary-artists/france/121239/koceila-chougar<br><br>MORE OF ON THE MARGIN:<br>Website: https://www.themargin.tv<br></span></p><div class="apple-podcast-container" data-component-name="ApplePodcastToDom"><iframe class="apple-podcast episode-list" data-attrs="{&quot;url&quot;:&quot;https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042&quot;,&quot;isEpisode&quot;:false,&quot;imageUrl&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/podcast_1713090042.jpg&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastTitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastByline&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;duration&quot;:7718,&quot;numEpisodes&quot;:47,&quot;targetUrl&quot;:&quot;https://podcasts.apple.com/us/podcast/on-the-margin-boaz-sobrado-ivan-patriki/id1713090042?uo=4&quot;,&quot;releaseDate&quot;:&quot;2026-06-23T15:30:00Z&quot;}" src="https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042" frameborder="0" allow="autoplay *; encrypted-media *;" allowfullscreen="true"></iframe></div><p><span><br>Spotify:</span></p><iframe class="spotify-wrap podcast" data-attrs="{&quot;image&quot;:&quot;https://i.scdn.co/image/ab6765630000ba8a8ae2a21797ff2c72e773d006&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;subtitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;description&quot;:&quot;Podcast&quot;,&quot;url&quot;:&quot;https://open.spotify.com/show/77nHDRkVXrrrnq7Ivn5kWa&quot;,&quot;belowTheFold&quot;:false,&quot;noScroll&quot;:false}" src="https://open.spotify.com/embed/show/77nHDRkVXrrrnq7Ivn5kWa" frameborder="0" gesture="media" allowfullscreen="true" allow="encrypted-media" data-component-name="Spotify2ToDOM"></iframe><p><span><br>Substack: https://www.on-the-margin.com<br><br>MORE OF BOAZ SOBRADO:<br>Twitter: https://x.com/sobradob<br>Instagram: https://www.instagram.com/sobradob/<br>Website: https://themargin.tv/boaz-sobrado<br><br>MORE OF IVAN PATRIKI:<br>LinkedIn: https://www.linkedin.com/in/artizt<br>Substack: https://substack.com/@artizt<br>Twitter: https://x.com/Ivan_patriki<br>Instagram: https://www.instagram.com/artizt/?hl=en<br>TikTok: https://www.tiktok.com/@ascended<br>Telegram: https://t.me/ivanpatriki<br><br><br>00:00 - Cold open: scams, money laundering, and the $100K painting<br>01:24 - Koceila introduces himself: artist, musician, cultural spy<br>03:29 - How to tell if art is a scam vs. a real investment<br>05:07 - Speculation in the art market<br>06:51 - Why art prices explode after an artist dies<br>07:24 - "Do your clients buy art for money laundering?"<br>10:32 - What makes billionaires different from average people<br>13:42 - Is charisma the key to getting in the room? No.<br>15:10 - The Illuminati symbolism, sacred plants, and spiritual awakening<br>22:26 - How collectors are drawn to his art's energy<br>24:51 - Art Basel Miami: what it's actually like inside<br>27:30 - The dark side of the ultra-wealthy<br>30:21 - Why tech/crypto elites buy less art than old money<br>33:15 - Billionaires warning him not to exhibit &#8212; and why<br>37:14 - Work ethic: the only thing that separates artists who make it<br>43:03 - How to use Cannes Film Festival as a creator<br>46:14 - What percentage of abstract artists are on drugs when they create?<br>48:09 - Salvador Dal&#237;, surrealism, and the spiritual path to creativity<br>50:22 - Final advice: connect with your soul, become a magnet<br><br>Subscribe &amp; leave a review if you made it this far</span></p>]]></content:encoded></item><item><title><![CDATA[The $15M Military Grants to Build the Solution to Privacy - "You are the Product" | Quant Yoon Auh & Ivan Patriki]]></title><description><![CDATA[Yoon Auh spent a decade building trading systems before landing on the program trading desk at Credit Suisse, becoming head trader, then VP at Goldman Sachs, then head trader at Magnetar Capital &#8212; where he accidentally invented what became an entire sub-industry on Wall Street.]]></description><link>https://www.on-the-margin.com/p/the-15m-military-grants-to-build</link><guid isPermaLink="false">https://www.on-the-margin.com/p/the-15m-military-grants-to-build</guid><dc:creator><![CDATA[Ivan Patriki]]></dc:creator><pubDate>Tue, 23 Jun 2026 15:30:13 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/202783014/638128fcfdef40d9b087ad27b531a72a.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p><span>Yoon Auh spent a decade building trading systems before landing on the program trading desk at Credit Suisse, becoming head trader, then VP at Goldman Sachs, then head trader at Magnetar Capital &#8212; where he accidentally invented what became an entire sub-industry on Wall Street. Then he walked away from institutional finance to solve a problem nobody else would touch: your data is Big Tech's product, and they'll never change that. He spent three years and his own money building the answer. Now he holds 14 patents.In this episode, Yoon breaks down the mechanics of quant trading that textbooks skip, the dirty truth about government grants and military contracts, and why Signal, ProtonMail, and every other privacy app is solving the wrong problem.We cover:<br>College grad &#8594; Credit Suisse &#8594; Goldman VP &#8594; Magnetar: the real path<br>Index arbitrage, basket trading, and what institutional execution actually looks like<br>Why quant models blow up in small caps (the bid-ask spread they never mention)<br>Soft dollars: the hidden Wall Street system that funds research analysts<br>Why the biggest money is never in trading &#8212; it's in building<br>Finfluencer scams then and now: the fax machine fraud that moved to the internet<br>"When I say I want to go to Florida &#8212; then I see an ad for flights to Florida"<br>Why Big Tech will never build real privacy tools (it's antithetical to their business model)<br>The Nut Capsule: encrypted data objects that stay protected outside the app<br>How BOLTS beats Signal at file sharing &#8212; and why Signal stops at messaging<br>US military grants: SBIR, AFWERX, In-Q-Tel, and how to actually get funded<br>Israeli and Canadian firms charging Americans to navigate US military grant applications<br>Only 25% of grant success is merit &#8212; a Navy acquisition officer said it on stage<br>Palantir, Google Earth, and why the CIA funded the biggest tech companies<br>Why you can't be the same politician you were when you started<br>Mentorship, relationships, and the Goldman Sachs backup that saved the department<br><br>GUEST:<br><br>Yoon Auh: Founder &amp; CEO of NUTS Technologies and BOLTS Technologies. Former head trader at Credit Suisse, VP at Goldman Sachs, and head trader at Magnetar Capital. Holder of 14 cybersecurity patents. Building post-quantum, data-centric security infrastructure for the DoD and beyond.<br><br><br>RESOURCES &amp; LINKS:<br>NUTS Technologies: https://www.nutstechnologies.com<br>BOLTS Technologies: https://www.boltstechnologies.xyz<br><br>MORE OF YOON AUH:<br>LinkedIn: https://www.linkedin.com/in/yoonauh/<br><br><br>MORE OF ON THE MARGIN:<br>Website: https://www.themargin.tv<br></span></p><div class="apple-podcast-container" data-component-name="ApplePodcastToDom"><iframe class="apple-podcast episode-list" data-attrs="{&quot;url&quot;:&quot;https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042&quot;,&quot;isEpisode&quot;:false,&quot;imageUrl&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/podcast_1713090042.jpg&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastTitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastByline&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;duration&quot;:3159,&quot;numEpisodes&quot;:46,&quot;targetUrl&quot;:&quot;https://podcasts.apple.com/us/podcast/on-the-margin-boaz-sobrado-ivan-patriki/id1713090042?uo=4&quot;,&quot;releaseDate&quot;:&quot;2026-06-15T17:59:00Z&quot;}" src="https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042" frameborder="0" allow="autoplay *; encrypted-media *;" allowfullscreen="true"></iframe></div><p><span><br>Spotify:</span></p><iframe class="spotify-wrap podcast" data-attrs="{&quot;image&quot;:&quot;https://i.scdn.co/image/ab6765630000ba8a8ae2a21797ff2c72e773d006&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;subtitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;description&quot;:&quot;Podcast&quot;,&quot;url&quot;:&quot;https://open.spotify.com/show/77nHDRkVXrrrnq7Ivn5kWa&quot;,&quot;belowTheFold&quot;:false,&quot;noScroll&quot;:false}" src="https://open.spotify.com/embed/show/77nHDRkVXrrrnq7Ivn5kWa" frameborder="0" gesture="media" allowfullscreen="true" allow="encrypted-media" data-component-name="Spotify2ToDOM"></iframe><p><span><br>Main Site: https://www.on-the-margin.com<br><br>MORE OF BOAZ SOBRADO:<br>Twitter: https://x.com/sobradob<br>Instagram: https://www.instagram.com/sobradob/<br>Website: https://themargin.tv/boaz-sobrado<br><br>MORE OF IVAN PATRIKI:<br>LinkedIn: https://www.linkedin.com/in/artizt<br>Substack: https://substack.com/@artizt<br>Twitter: https://x.com/Ivan_patriki<br>Instagram: https://www.instagram.com/artizt/?hl=en<br>TikTok: https://www.tiktok.com/@ascended<br>Telegram: https://t.me/ivanpatriki<br><br><br>TIMESTAMPS:<br>00:00 Intro<br>01:09 Who Is Yoon Auh?<br>01:38 Columbia Grad to Coding Trading Systems for 10 Years<br>03:17 Landing on the Program Trading Desk at Credit Suisse<br>04:13 Becoming Head Trader: How He Made Them a Lot of Money<br>05:53 What Quants Get Wrong About Small Cap Stocks<br>08:13 The Difference Between Building a Model and Executing One<br>10:32 Is Yoon Still Trading? Life After Institutional Finance<br>12:35 The Gut Punch of Trading With Your Own Capital<br>14:59 Living With Volatility: Why Most People Can't Handle It<br>17:29 Why the Biggest Money Is Never in Trading<br>20:19 Soft Dollars: The Hidden Wall Street System Nobody Talks About<br>22:56 Magnetar Capital and Building the First Soft Dollar Distribution System<br>27:23 Should Aspiring Quants Buy Courses? The Fax Machine Scam Analogy<br>30:29 The Finfluencer Problem: Bugattis, Bad Advice &amp; Survivorship Bias<br>36:30 Why Yoon Left Finance to Start a Company<br>38:00 "When I Said I Want to Go to Florida &#8212; Then I Saw an Ad for Flights"<br>42:00 Why Big Tech Will Never Build Real Privacy Tools<br>50:08 The NUTS Ecosystem: Data-Centric Security Explained<br>57:15 How It's Different From Signal, ProtonMail, and WhatsApp<br>01:02:00 The Nut Capsule: Encrypted Containers That Travel With Your Data<br>01:08:31 Will You Add a Government Backdoor? The Honest Answer<br>01:14:26 Dual Use Technology and the Ethics of Cybersecurity<br>01:22:00 How to Get US Military Grants as a Small Startup<br>01:35:40 The Dirty Secret of Government RFPs<br>01:43:00 Palantir, Google Earth, In-Q-Tel, and CIA-Funded Tech<br>01:47:00 Only 25% of Grant Success Is Merit (A Navy Officer Said It)<br>01:52:00 Should You Rise Through the System to Change It?<br>01:58:00 Power, Politics &amp; Why Everyone Loses Something on the Way Up<br>02:01:02 The Best Career Advice Nobody Gives You<br>02:07:06 Closing Thoughts</span></p>]]></content:encoded></item><item><title><![CDATA['Your trades are public' - Ilies Larbi, Ouinex Owner Exposes Brokers - On the Margin w Ivan Patriki]]></title><description><![CDATA[No way Ilies Larbi actually told me this..]]></description><link>https://www.on-the-margin.com/p/your-trades-are-public-ilies-larbi</link><guid isPermaLink="false">https://www.on-the-margin.com/p/your-trades-are-public-ilies-larbi</guid><dc:creator><![CDATA[Ivan Patriki]]></dc:creator><pubDate>Thu, 18 Jun 2026 16:56:31 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/202546378/b36bb8c10442147f75d856c14fb1b502.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p><span data-color="rgb(255, 255, 255)" style="color: rgb(255, 255, 255);">No way Ilies Larbi actually told me this.. the crypto industry has a dirty secret and guy behind a HUGE brokerage, Ivan Patriki learns  the truth about it.<br><br>He said he's building a brokerage to fix it.. I'm interviewing about it and seeing if it's actually true. I sat down with the 20-year traditional finance veteran and founder of Ouinex, to pull back the curtain on what actually happens when you trade crypto. From how exchanges legally sell your order data to hedge funds trading against you, to the VC token scheme that's draining retail money on every major listing, to why he's heard the rug pull pitch more times than he can count - this conversation goes places most people in crypto won't touch. If you're putting money into any trading platform or token right now, watch this first.<br> <br>Ouinex is a multi-asset trading platform built on traditional finance infrastructure - the same systems that have protected retail traders in regulated markets for 20 years. Instead of letting institutions see and trade against your orders, they've built a wall that forces market makers to compete blindly for your trades. <br> <br>00:00:00 - Introduction<br>00:01:08 - Is Crypto a Scam?<br>00:03:02 - How Institutions Trade Against You<br>00:06:12 - The Chinese Wall That Protects Retail<br>00:08:49 - How Brokers Sell Your Data<br>00:10:21 - How Do We Know You're Telling the Truth?<br>00:12:03 - A-Book vs B-Book Explained<br>00:14:09 - How Ouinex Actually Makes Money<br>00:15:27 - Ouinex vs Hyperliquid<br>00:19:14 - How He Got Liquidity Providers<br>00:22:01 - Why He Started Ouinex<br>00:25:44 - What Are People Trading Right Now?<br>00:28:58 - Using Client Data as a Signal<br>00:33:17 - The Demographics of Profitable Traders<br>00:37:38 - Why Less Leverage Makes You More Money<br>00:44:48 - The Worst Part of Crypto<br>00:48:10 - The WIKS Token Launch<br>00:55:34 - No VCs &#8212; Funded Entirely by the Community<br>00:56:16 - How a Rug Pull Actually Works<br>00:58:01 - How the VC Pump and Dump Works<br>01:01:49 - What Stops You From Rugging?<br>01:06:27 - How Much Money Is Enough?<br>01:12:14 - Do Regulations Actually Mean Anything?<br>01:19:41 - Advice for New Traders<br>01:32:23 - How to Spot a Scam Signal Seller<br>01:38:23 - How to Start a Brokerage<br><br>Check out Ouinex:<br>https://ouinex.com/en<br>https://x.com/Ouinex<br>https://www.instagram.com/ouinexexchange/<br><br>Check out Ilies Larbi:<br>https://www.linkedin.com/in/ilieslarbi/en<br>https://x.com/ilies_larbi<br><br>More of On the Margin:<br></span></p><p>https://www.themargin.tv</p><p><span data-color="rgb(255, 255, 255)" style="color: rgb(255, 255, 255);"><br></span></p><div class="apple-podcast-container" data-component-name="ApplePodcastToDom"><iframe class="apple-podcast episode-list" data-attrs="{&quot;url&quot;:&quot;https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042&quot;,&quot;isEpisode&quot;:false,&quot;imageUrl&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/podcast_1713090042.jpg&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastTitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastByline&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;duration&quot;:3159,&quot;numEpisodes&quot;:45,&quot;targetUrl&quot;:&quot;https://podcasts.apple.com/us/podcast/on-the-margin-boaz-sobrado-ivan-patriki/id1713090042?uo=4&quot;,&quot;releaseDate&quot;:&quot;2026-06-15T17:59:00Z&quot;}" src="https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042" frameborder="0" allow="autoplay *; encrypted-media *;" allowfullscreen="true"></iframe></div><p><span data-color="rgb(255, 255, 255)" style="color: rgb(255, 255, 255);"><br></span></p><iframe class="spotify-wrap podcast" data-attrs="{&quot;image&quot;:&quot;https://i.scdn.co/image/ab6765630000ba8a8ae2a21797ff2c72e773d006&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;subtitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;description&quot;:&quot;Podcast&quot;,&quot;url&quot;:&quot;https://open.spotify.com/show/77nHDRkVXrrrnq7Ivn5kWa&quot;,&quot;belowTheFold&quot;:false,&quot;noScroll&quot;:false}" src="https://open.spotify.com/embed/show/77nHDRkVXrrrnq7Ivn5kWa" frameborder="0" gesture="media" allowfullscreen="true" allow="encrypted-media" data-component-name="Spotify2ToDOM"></iframe><p><span data-color="rgb(255, 255, 255)" style="color: rgb(255, 255, 255);"><br></span></p><div class="embedded-publication-wrap" data-attrs="{&quot;id&quot;:7596238,&quot;embedding_publication_id&quot;:null,&quot;name&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!KTLq!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F30edfb11-eff9-4291-966f-2536b4237c6b_1080x1080.png&quot;,&quot;base_url&quot;:&quot;https://www.on-the-margin.com&quot;,&quot;hero_text&quot;:&quot;Conversations outside the financial mainstream&quot;,&quot;author_name&quot;:&quot;On The Margin&quot;,&quot;show_subscribe&quot;:true,&quot;logo_bg_color&quot;:&quot;#ffffff&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="EmbeddedPublicationToDOMWithSubscribe"><div class="embedded-publication show-subscribe"><a class="embedded-publication-link-part" native="true" href="https://www.on-the-margin.com?utm_source=substack&amp;utm_campaign=publication_embed&amp;utm_medium=web"><img class="embedded-publication-logo" src="https://substackcdn.com/image/fetch/$s_!KTLq!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F30edfb11-eff9-4291-966f-2536b4237c6b_1080x1080.png" width="56" height="56" style="background-color: rgb(255, 255, 255);"><span class="embedded-publication-name">On The Margin | Boaz Sobrado &amp; Ivan Patriki</span><div class="embedded-publication-hero-text">Conversations outside the financial mainstream</div></a><form class="embedded-publication-subscribe" method="GET" action="https://www.on-the-margin.com/subscribe?"><input type="hidden" name="source" value="publication-embed"><input type="hidden" name="autoSubmit" value="true"><input type="email" class="email-input" name="email" placeholder="Type your email..."><input type="submit" class="button primary" value="Subscribe"></form></div></div><p><span data-color="rgb(255, 255, 255)" style="color: rgb(255, 255, 255);"><br><br>More of Boaz Sobrado:<br>https://x.com/sobradob<br>https://www.instagram.com/sobradob/<br>https://themargin.tv/boaz-sobrado<br><br>More of Ivan Patriki:<br>http://www.linkedin.com/in/artizt<br>https://substack.com/@artizt<br>https://t.me/ivanpatriki<br>https://www.instagram.com/artizt/<br>https://www.tiktok.com/@ascended<br>https://x.com/Ivan_patriki<br>https://www.facebook.com/ivanpatriki22/<br>https://themargin.tv/ivan-patriki<br>https://www.financemagnates.com/author/ivan-patriki/<br>https://financefeeds.com/author/ivan-patriki/</span></p>]]></content:encoded></item><item><title><![CDATA[Co-Founder of Tether: The Next Trillion-dollar move is STBL | Reeve Collins ]]></title><description><![CDATA[After building Tether, Reeve Collins is telling laying the foundation for...]]></description><link>https://www.on-the-margin.com/p/co-founder-of-tether-the-next-trillion</link><guid isPermaLink="false">https://www.on-the-margin.com/p/co-founder-of-tether-the-next-trillion</guid><dc:creator><![CDATA[Ivan Patriki]]></dc:creator><pubDate>Mon, 15 Jun 2026 17:59:44 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/202029166/1d0ec245bbd8f0ff04d3a30b2e81fc97.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>Reeve Collins co-founded Tether, the world's largest stablecoin powering a $180+ billion financial network. But he didn't start in crypto. He was there at the birth of the internet with a startup that went public for $6.6 billion in 1999. Then he did it again in blockchain. In this conversation, he breaks down why stablecoins are reshaping global finance, why the government won't kill Bitcoin, and what separates people who build billion-dollar companies from those who just talk about it.<br><br>We cover:<br><br>- How he went from the internet boom to riding blockchain's biggest wave<br>- Why Tether became the bridge between Wall Street and crypto (and keeps 1.4 billion unbanked people connected to dollars)<br>- The structural flaws in stablecoins (and how Stable 2.0 fixes them)<br>- What's backing USDC: US treasuries, yield protocols, and why that matters<br>- Can governments freeze your stablecoins? (Iran's $400M USDC freeze explained)<br>- Stablecoin 2.0: earning 5-6% yield while you spend&#8212;never possible before<br>- Why crypto "started on the dark web" is the wrong debate<br>- The real threat of CBDCs and why governments want surveillance money<br>- Bitcoin as insurance: why every country needs an alternative to government currencies<br>- How Wi-Fi (his decentralized on-chain bank) is giving the underbanked access to Wall Street tools<br>- The tech that actually drives adoption: porn, gambling, and then everything else<br>- Why young traders should stop day trading and start investing<br>- Conviction: the secret trait every billionaire has (and how you build it)<br>- The betrayals and business lessons nobody teaches you<br>- From college grad to running trillions: the specific life advice that works<br><br><br>GUEST:<br>Reeve Collins &#8211; Co-founder of Tether &amp; STBL. Entrepreneur with a front-row seat to the internet boom (1997) and now building the financial infrastructure of blockchain. Handles $180B+ in daily transactions across the globe.<br><br>RESOURCES &amp; LINKS:<br>Stable: https://www.stbl.com<br>WeFi: https://www.wefi.co<br>Smart Media Technologies: https://www.smartmediatech.io<br><br>MORE OF REEVE COLLINS:<br>Twitter: https://x.com/reeve_collins<br>LinkedIn: https://www.linkedin.com/in/reevecollins/<br>YouTube: <a href="https://studio.youtube.com/channel/UCpbx03tSxgZ3qdlQrZolt6g">@ReeveCollinsOfficial </a> <br>Site: https://reevecollins.com/<br><br><br>MORE OF ON THE MARGIN:<br>Website: https://www.themargin.tv<br></p><div class="apple-podcast-container" data-component-name="ApplePodcastToDom"><iframe class="apple-podcast episode-list" data-attrs="{&quot;url&quot;:&quot;https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042&quot;,&quot;isEpisode&quot;:false,&quot;imageUrl&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/podcast_1713090042.jpg&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastTitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastByline&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;duration&quot;:8875,&quot;numEpisodes&quot;:44,&quot;targetUrl&quot;:&quot;https://podcasts.apple.com/us/podcast/on-the-margin-boaz-sobrado-ivan-patriki/id1713090042?uo=4&quot;,&quot;releaseDate&quot;:&quot;2026-06-07T02:00:00Z&quot;}" src="https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042" frameborder="0" allow="autoplay *; encrypted-media *;" allowfullscreen="true"></iframe></div><p><br>Spotify:</p><iframe class="spotify-wrap podcast" data-attrs="{&quot;image&quot;:&quot;https://i.scdn.co/image/ab6765630000ba8a8ae2a21797ff2c72e773d006&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;subtitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;description&quot;:&quot;Podcast&quot;,&quot;url&quot;:&quot;https://open.spotify.com/show/77nHDRkVXrrrnq7Ivn5kWa&quot;,&quot;belowTheFold&quot;:false,&quot;noScroll&quot;:false}" src="https://open.spotify.com/embed/show/77nHDRkVXrrrnq7Ivn5kWa" frameborder="0" gesture="media" allowfullscreen="true" allow="encrypted-media" data-component-name="Spotify2ToDOM"></iframe><p><br>Main Site: https://www.on-the-margin.com<br><br>MORE OF BOAZ SOBRADO:<br>Twitter: https://x.com/sobradob<br>Instagram: https://www.instagram.com/sobradob/<br>Website: https://themargin.tv/boaz-sobrado<br><br>MORE OF IVAN PATRIKI:<br>LinkedIn: https://www.linkedin.com/in/artizt<br>Substack: https://substack.com/@artizt<br>Twitter: https://x.com/Ivan_patriki<br>Instagram: https://www.instagram.com/artizt/?hl=en<br>TikTok: https://www.tiktok.com/@ascended<br>Telegram: https://t.me/ivanpatriki<br><br><br>00:00 Intro<br>01:06 Who Is Reeve Collins? (Co-Founder of Tether)<br>02:25 The Ten-Year Gap Between Successes (And Why Timing Is Everything)<br>04:13 What Actually Backs USDC? (US Treasuries, Yield, &amp; Philosophy)<br>05:08 The First Time Anyone Could Create Money (Not Governments)<br>06:18 Tether: The Bridge Between Traditional Finance &amp; Blockchain<br>07:02 What's Coming Next in Crypto?<br>10:02 How Tether Makes Money on $180B in Transactions<br>13:04 Has Crypto Lost Its Original Mission?<br>14:18 What Really Drives Technology Innovation (It's Not What You Think)<br>17:47 Why Tether Dominated Every Other Stablecoin<br>19:04 Can You Build Another Tether in 2026?<br>21:14 Stable 2.0: The Next Evolution of Stablecoins<br>23:50 Meme Coins vs. Real Investment (The XRP Debate)<br>29:33 Is Crypto Just Fraud? The Honest Breakdown<br>32:14 CBDCs, Government Control &amp; Frozen Funds<br>36:08 Small Town Kid to Silicon Valley: His Origin Story<br>38:06 Conviction: The One Trait Every Billionaire Has<br>42:31 Wi-Fi: Bringing Wall Street to the Underbanked<br>45:47 Betrayal in Business (And What It Taught Him)<br>48:40 Why Successful People Don't Hold Grudges<br>49:12 The Real Advice That Changes Lives (Skip the Platitudes)<br>50:39 The Three Paths to Getting Rich<br>52:20 Closing: What He's Building Next<br><br>KEY TAKEAWAYS:<br><br>&#10003; Stablecoins are the bridge from traditional finance to blockchain&#8212;not a replacement<br>&#10003; Conviction matters more than intelligence or hard work alone<br>&#10003; Bitcoin will never die because it's the only alternative to government currency<br>&#10003; CBDCs are surveillance money&#8212;decentralized options must exist alongside them<br>&#10003; Stable 2.0 changes the game: you can earn yield and spend at the same time<br>&#10003; Young people should learn AI deeply, not day trade<br>&#10003; Tether's dominance comes from first-mover advantage + constant innovation<br>&#10003; The future is AI agents routing your money to the most profitable ecosystem<br>&#10003; WeFi represents the next evolution: true financial access for billions</p>]]></content:encoded></item><item><title><![CDATA[Is Crypto a Scam? Why BILLIONS Are Invested Into Bitcoin | GoMining CEO Mark Zalan & Ivan Patriki]]></title><description><![CDATA[From Soviet Refugee into GoMining CEO: Mark Zalan on GoMining, Crypto Fraud & the FUTURE of Bitcoin.]]></description><link>https://www.on-the-margin.com/p/is-crypto-a-scam-how-billions-into</link><guid isPermaLink="false">https://www.on-the-margin.com/p/is-crypto-a-scam-how-billions-into</guid><dc:creator><![CDATA[Ivan Patriki]]></dc:creator><pubDate>Sun, 07 Jun 2026 02:00:00 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/200826285/099484148b01c63da9d0c200891a1657.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>From Soviet Refugee into GoMining CEO: Mark Zalan on GoMining, Crypto Fraud &amp; the FUTURE of Bitcoin.<br><br>GoMining is one of the top 10 Bitcoin miners in the world by hash power, and the CEO Mark Zalan sat down with me to share the unfiltered story behind his rise from Soviet Union refugee to leading a company with 5 million users.<br><br>We cover:<br><br>How his family fled the Soviet Union in 1989 with $360 and refugee documents - and what that shaped in him<br>Why he was late to Bitcoin (and what finally changed his mind)<br>How Go Mining lets anyone start mining Bitcoin for as little as $25<br>The difference between cloud mining scams and what Go Mining actually does<br>Is crypto mostly fraud? An honest breakdown<br>Bitcoin as financial freedom &#8212; Ukraine, Venezuela, and the Canada truckers protest<br>Why you need to know more than just money to succeed (the Andrew Tate debate)<br>Go Mining's upcoming instant Bitcoin payment protocol &#8212; Layer 1, zero user fees, 0.2% merchant fee (vs. 2.5&#8211;3.5% for card networks)<br>What visionary entrepreneurs actually look like up close<br>The imposter syndrome no one talks about at the top<br><br>Whether you're a crypto investor, entrepreneur, or just curious about how people go from nothing to building something massive - this one's worth your time.<br><br>Check out GoMining<br><a href="https://gomining.com/">https://gomining.com</a></p><p><br>More of Mark Zalan:<br>https://x.com/MarkZalan_<br>https://linkedin.com/in/mark-zalan<br>https://www.instagram.com/markzalan_gomining/<br><br><br>More of On the Margin:<br></p><p>https://www.themargin.tv</p><p><br></p><div class="apple-podcast-container" data-component-name="ApplePodcastToDom"><iframe class="apple-podcast episode-list" data-attrs="{&quot;url&quot;:&quot;https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042&quot;,&quot;isEpisode&quot;:false,&quot;imageUrl&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/podcast_1713090042.jpg&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastTitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;podcastByline&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;duration&quot;:3661,&quot;numEpisodes&quot;:43,&quot;targetUrl&quot;:&quot;https://podcasts.apple.com/us/podcast/on-the-margin-boaz-sobrado-ivan-patriki/id1713090042?uo=4&quot;,&quot;releaseDate&quot;:&quot;2026-06-02T21:42:00Z&quot;}" src="https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042" frameborder="0" allow="autoplay *; encrypted-media *;" allowfullscreen="true"></iframe></div><p><br></p><iframe class="spotify-wrap podcast" data-attrs="{&quot;image&quot;:&quot;https://i.scdn.co/image/ab6765630000ba8a8ae2a21797ff2c72e773d006&quot;,&quot;title&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;subtitle&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;description&quot;:&quot;Podcast&quot;,&quot;url&quot;:&quot;https://open.spotify.com/show/77nHDRkVXrrrnq7Ivn5kWa&quot;,&quot;belowTheFold&quot;:false,&quot;noScroll&quot;:false}" src="https://open.spotify.com/embed/show/77nHDRkVXrrrnq7Ivn5kWa" frameborder="0" gesture="media" allowfullscreen="true" allow="encrypted-media" data-component-name="Spotify2ToDOM"></iframe><p><br></p><div class="embedded-publication-wrap" data-attrs="{&quot;id&quot;:7596238,&quot;name&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!KTLq!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F30edfb11-eff9-4291-966f-2536b4237c6b_1080x1080.png&quot;,&quot;base_url&quot;:&quot;https://www.on-the-margin.com&quot;,&quot;hero_text&quot;:&quot;Conversations outside the financial mainstream&quot;,&quot;author_name&quot;:&quot;On The Margin&quot;,&quot;show_subscribe&quot;:true,&quot;logo_bg_color&quot;:&quot;#ffffff&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="EmbeddedPublicationToDOMWithSubscribe"><div class="embedded-publication show-subscribe"><a class="embedded-publication-link-part" native="true" href="https://www.on-the-margin.com?utm_source=substack&amp;utm_campaign=publication_embed&amp;utm_medium=web"><img class="embedded-publication-logo" src="https://substackcdn.com/image/fetch/$s_!KTLq!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F30edfb11-eff9-4291-966f-2536b4237c6b_1080x1080.png" width="56" height="56" style="background-color: rgb(255, 255, 255);"><span class="embedded-publication-name">On The Margin | Boaz Sobrado &amp; Ivan Patriki</span><div class="embedded-publication-hero-text">Conversations outside the financial mainstream</div></a><form class="embedded-publication-subscribe" method="GET" action="https://www.on-the-margin.com/subscribe?"><input type="hidden" name="source" value="publication-embed"><input type="hidden" name="autoSubmit" value="true"><input type="email" class="email-input" name="email" placeholder="Type your email..."><input type="submit" class="button primary" value="Subscribe"></form></div></div><p><br><br>More of Boaz Sobrado:<br>https://x.com/sobradob<br>https://www.instagram.com/sobradob/<br>https://themargin.tv/boaz-sobrado<br><br>More of Ivan Patriki:<br>http://www.linkedin.com/in/artizt<br>https://substack.com/@artizt<br>https://t.me/ivanpatriki<br>https://www.instagram.com/artizt/<br>https://www.tiktok.com/@ascended<br>https://x.com/Ivan_patriki<br>https://www.facebook.com/ivanpatriki22/<br>https://themargin.tv/ivan-patriki<br>https://www.financemagnates.com/author/ivan-patriki/<br>https://financefeeds.com/author/ivan-patriki/<br><br>00:00 Intro<br>01:04 Soviet Refugee to Silicon Valley<br>02:53 Why He Bet Everything on Bitcoin<br>03:26 How Wall Street Killed Bitcoin Mining<br>05:27 The $25 Bitcoin Mine<br>06:26 How Go Mining Actually Makes Money<br>09:37 The Truth About Cloud Mining Scams<br>12:48 Building Trust in a Trustless Space<br>14:50 "We're Extremely Profitable"<br>17:04 $360 and a One-Way Ticket Out<br>21:45 Did Poverty Make Him Hungrier?<br>23:11 Why He Joined the Marines<br>24:39 How He Got Into GE Capital<br>28:29 The Moment He Knew He'd Made It<br>33:19 Does Winning Get Easier?<br>37:11 Luck, Charisma, or Skill?<br>39:06 Why History Majors Win<br>42:18 Destroying Andrew Tate's Money Advice<br>45:40 What Billionaires Are Really Like<br>55:15 Making Payroll From His Own Pocket<br>01:07:37 Is Crypto Mostly a Scam?<br>01:13:51 Was Bitcoin Built for Crime?<br>01:20:29 Why Crypto Is About Freedom<br>01:30:27 Can the Government Freeze Your Bitcoin?<br>01:43:57 &#128680; Instant Bitcoin Payments Announced<br>01:47:13 Killing Visa's 3% Fee<br>02:07:47 On Power, Politics &amp; Imposing Your Will<br>02:15:43 Why Every Revolution Ends in Executions<br>02:23:46 The Blueprint for Going From Nothing to Millions</p>]]></content:encoded></item><item><title><![CDATA[Tanner Hackett Built Billion Dollar Companies, His Next Project, AI Powered $50M Insurance Company Powered by AI. What's the Secret? - Ivan Patriki On the Margin]]></title><description><![CDATA[Backed by the same investors who funded SpaceX]]></description><link>https://www.on-the-margin.com/p/tanner-hackett-built-billion-dollar</link><guid isPermaLink="false">https://www.on-the-margin.com/p/tanner-hackett-built-billion-dollar</guid><dc:creator><![CDATA[Ivan Patriki]]></dc:creator><pubDate>Tue, 02 Jun 2026 21:42:59 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/199893220/3fd4e87e28161dcf09a12a8a5ee299aa.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>Backed by the same investors who funded SpaceX, I sat down with Tanner, serial entrepreneur and CEO of Counterpart, to get an honest look at what it actually takes to build something real fraom scratch.<br><br>From cold-calling 40 people about a job offer in Malaysia and only trusting the two who said yes, to raising $50M to fix an industry everyone hates, to why working 14-hour days is his version of good mental health.<br><br>This conversation goes places most founders won't touch. If you want to understand how normal people end up doing extraordinary things, watch this first.  Counterpart is building the future of small business insurance using AI and data science. Instead of human underwriters trying to assess thousands of variables, their platform synthesizes data points to instantly quote, price, and place coverage for small businesses facing risks most of them don't even know exist, from wrongful termination to wage violations.<br><br>They're backed by top-tier venture and private equity firms, and are on a mission to flip insurance from a reactive payout machine into a proactive risk prevention partner.<br> <br>00:00:00 - Introduction<br>00:01:02 - Best Day of His Life<br>00:02:04 - What Is Counterpart?<br>00:04:13 - The SpaceX Investor<br>00:06:36 - How Great Investors Help You<br>00:07:06 - Building Amazon for Southeast Asia<br>00:08:46 - 38 Out of 40 People Said No<br>00:10:21 - Insurance as Risk Prevention<br>00:11:21 - Small Businesses Getting Fined<br>00:13:52 - Is Insurance a Scam?<br>00:19:03 - US vs. Dubai: Where to Build?<br>00:20:44 - Stare Into the Abyss<br>00:24:34 - Sacrificing Your Social Life<br>00:26:40 - The Feedback Loop Philosophy<br>00:31:10 - What Is Good Mental Health?<br>00:33:58 - Building Counterpart for Life<br>00:39:32 - Why Entrepreneurs Study Philosophy<br>00:42:42 - Who Do You Look Up To?<br>00:59:30 - Advice for the Next Generation<br><br>Check out CounterPart:</p><p>https://yourcounterpart.com<br><br>More of Tanner Hackett:<br>https://www.linkedin.com/in/tannerhackett<br>https://x.com/tan_hack<br><br>More of On the Margin:</p><p>https://www.themargin.tv</p><div class="apple-podcast-container" data-component-name="ApplePodcastToDom"><iframe class="apple-podcast episode-list" data-attrs="{&quot;url&quot;:&quot;https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042&quot;,&quot;isEpisode&quot;:false,&quot;imageUrl&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/podcast_1713090042.jpg&quot;,&quot;title&quot;:&quot;On The Margin&quot;,&quot;podcastTitle&quot;:&quot;On The Margin&quot;,&quot;podcastByline&quot;:&quot;On The Margin&quot;,&quot;duration&quot;:2482,&quot;numEpisodes&quot;:42,&quot;targetUrl&quot;:&quot;https://podcasts.apple.com/us/podcast/on-the-margin/id1713090042?uo=4&quot;,&quot;releaseDate&quot;:&quot;2026-05-19T22:52:00Z&quot;}" src="https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042" frameborder="0" allow="autoplay *; encrypted-media *;" allowfullscreen="true"></iframe></div><p><br></p><iframe class="spotify-wrap podcast" data-attrs="{&quot;image&quot;:&quot;https://i.scdn.co/image/ab6765630000ba8a8ae2a21797ff2c72e773d006&quot;,&quot;title&quot;:&quot;On The Margin&quot;,&quot;subtitle&quot;:&quot;On The Margin&quot;,&quot;description&quot;:&quot;Podcast&quot;,&quot;url&quot;:&quot;https://open.spotify.com/show/77nHDRkVXrrrnq7Ivn5kWa&quot;,&quot;belowTheFold&quot;:false,&quot;noScroll&quot;:false}" src="https://open.spotify.com/embed/show/77nHDRkVXrrrnq7Ivn5kWa" frameborder="0" gesture="media" allowfullscreen="true" allow="encrypted-media" data-component-name="Spotify2ToDOM"></iframe><p>More of Boaz Sobrado:<br>https://x.com/sobradob<br>https://www.instagram.com/sobradob/<br>https://themargin.tv/boaz-sobrado<br><br>More of Ivan Patriki:<br>http://www.linkedin.com/in/artizt<br>https://substack.com/@artizt<br>https://t.me/ivanpatriki<br>https://www.instagram.com/artizt/<br>https://www.tiktok.com/@ascended<br>https://x.com/Ivan_patriki<br>https://www.facebook.com/ivanpatriki22/<br>https://themargin.tv/ivan-patriki<br>https://www.financemagnates.com/author/ivan-patriki/<br>https://financefeeds.com/author/ivan-patriki/</p>]]></content:encoded></item><item><title><![CDATA[US Ambassador: "How I Sold My Company to Microsoft" | Trevor Traina w/ Ivan Patriki | On The Margin]]></title><description><![CDATA[How Trump appointed him as US ambassador, how to sell companies to Microsoft and Mastercard, and his biggest project yet: Kresus, a Web3 super app.]]></description><link>https://www.on-the-margin.com/p/us-ambassador-how-i-sold-my-company</link><guid isPermaLink="false">https://www.on-the-margin.com/p/us-ambassador-how-i-sold-my-company</guid><dc:creator><![CDATA[Ivan Patriki]]></dc:creator><pubDate>Tue, 19 May 2026 22:52:48 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/198480752/317491ff5e1fe717a7fe4862231a14a3.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>How Trump appointed him as US ambassador, how to sell companies to Microsoft and Mastercard, and his biggest project yet: Kresus, a Web3 super app.<br><br>I sat down with Trevor, a serial entrepreneur turned U.S. Ambassador to Austria and now founder of Kresus, to get an honest look at what it actually takes to reach the top.<br><br>From raising your first $100k from friends and family, to closing a Microsoft acquisition the same morning Bill Gates announced it on stage, to navigating a government full of entrenched bureaucrats, this conversation goes places most successful people won't.<br><br>If you're serious about building something real, becoming the new elite, watch someone from the elite explain everything.<br><br>His magnum opus, Kresus, is building AI directly into its wallet app. It's as a tool that helps anyone use Web3. On the trading side, the app already offers smart insights like tracking what top traders are buying in real time, which is a precursor to the fuller AI feature set.<br><br>Expanding AI integrations is listed as one of their near-term priorities alongside growing their mini-app ecosystem.<br><br><br>00:00:00 - Introduction<br>00:01:09 - How Do You Even Get to This Level?<br>00:02:25 - Your First Company &amp; the Entrepreneurial Mindset<br>00:05:31 - Did Going to Princeton, Oxford &amp; Berkeley Actually Help?<br>00:09:04 - How Trevor Got Trump to Appoint Him Ambassador<br>00:10:54 - What Does an Ambassador Actually Do?<br>00:15:14 - Did He Make a Real Political Impact?<br>00:17:59 - Is the Deep State Real?<br>00:22:10 - Raising Millions From David Sacks, the Winklevoss Twins &amp; Marc Benioff<br>00:23:17 - Why Blockchain Is the Revolution Everyone's Sleeping On<br>00:27:23 - What It's Really Like Selling Your Company to Microsoft<br>00:29:44 - What Makes the Ultra-Successful Think Differently<br>00:35:14 - The Opera Story: How the Universe Puts You in the Right Room<br>00:38:20 - Advice for Young People Who Want to Change the World<br><br><br>More of Trevor Traina:<br>https://kresus.com - Sign up to Kresus<br>https://www.linkedin.com/in/trevortraina/<br><br><br>More of On the Margin:<br>https://www.themargin.tv</p><p><br></p><div class="apple-podcast-container" data-component-name="ApplePodcastToDom"><iframe class="apple-podcast episode-list" data-attrs="{&quot;url&quot;:&quot;https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042&quot;,&quot;isEpisode&quot;:false,&quot;imageUrl&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/podcast_1713090042.jpg&quot;,&quot;title&quot;:&quot;On The Margin&quot;,&quot;podcastTitle&quot;:&quot;On The Margin&quot;,&quot;podcastByline&quot;:&quot;On The Margin&quot;,&quot;duration&quot;:1949,&quot;numEpisodes&quot;:41,&quot;targetUrl&quot;:&quot;https://podcasts.apple.com/us/podcast/on-the-margin/id1713090042?uo=4&quot;,&quot;releaseDate&quot;:&quot;2026-04-29T19:12:00Z&quot;}" src="https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042" frameborder="0" allow="autoplay *; encrypted-media *;" allowfullscreen="true"></iframe></div><p><br></p><iframe class="spotify-wrap podcast" data-attrs="{&quot;image&quot;:&quot;https://i.scdn.co/image/ab6765630000ba8a6d0ce92eb8ddd938fb1bae31&quot;,&quot;title&quot;:&quot;On The Margin&quot;,&quot;subtitle&quot;:&quot;On The Margin&quot;,&quot;description&quot;:&quot;Podcast&quot;,&quot;url&quot;:&quot;https://open.spotify.com/show/77nHDRkVXrrrnq7Ivn5kWa&quot;,&quot;belowTheFold&quot;:false,&quot;noScroll&quot;:false}" src="https://open.spotify.com/embed/show/77nHDRkVXrrrnq7Ivn5kWa" frameborder="0" gesture="media" allowfullscreen="true" allow="encrypted-media" data-component-name="Spotify2ToDOM"></iframe><p><br></p><div class="embedded-publication-wrap" data-attrs="{&quot;id&quot;:7596238,&quot;embedding_publication_id&quot;:null,&quot;name&quot;:&quot;On The Margin | Boaz Sobrado &amp; Ivan Patriki&quot;,&quot;logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!KTLq!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F30edfb11-eff9-4291-966f-2536b4237c6b_1080x1080.png&quot;,&quot;base_url&quot;:&quot;https://www.on-the-margin.com&quot;,&quot;hero_text&quot;:&quot;Conversations outside the financial mainstream&quot;,&quot;author_name&quot;:&quot;On The Margin&quot;,&quot;show_subscribe&quot;:true,&quot;logo_bg_color&quot;:&quot;#ffffff&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="EmbeddedPublicationToDOMWithSubscribe"><div class="embedded-publication show-subscribe"><a class="embedded-publication-link-part" native="true" href="https://www.on-the-margin.com?utm_source=substack&amp;utm_campaign=publication_embed&amp;utm_medium=web"><img class="embedded-publication-logo" src="https://substackcdn.com/image/fetch/$s_!KTLq!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F30edfb11-eff9-4291-966f-2536b4237c6b_1080x1080.png" width="56" height="56" style="background-color: rgb(255, 255, 255);"><span class="embedded-publication-name">On The Margin | Boaz Sobrado &amp; Ivan Patriki</span><div class="embedded-publication-hero-text">Conversations outside the financial mainstream</div></a><form class="embedded-publication-subscribe" method="GET" action="https://www.on-the-margin.com/subscribe?"><input type="hidden" name="source" value="publication-embed"><input type="hidden" name="autoSubmit" value="true"><input type="email" class="email-input" name="email" placeholder="Type your email..."><input type="submit" class="button primary" value="Subscribe"></form></div></div><p><br><br>More of Boaz Sobrado:<br>https://x.com/sobradob<br>https://www.instagram.com/sobradob/<br>https://themargin.tv/boaz-sobrado<br><br>More of Ivan Patriki:<br>http://www.linkedin.com/in/artizt<br>https://substack.com/@artizt<br>https://t.me/ivanpatriki<br>https://www.instagram.com/artizt/<br>https://www.tiktok.com/@ascended<br>https://x.com/Ivan_patriki<br>https://www.facebook.com/ivanpatriki22/<br>https://themargin.tv/ivan-patriki<br>https://www.financemagnates.com/author/ivan-patriki/<br>https://financefeeds.com/author/ivan-patriki/</p>]]></content:encoded></item><item><title><![CDATA['Most Prop Firms are in Debt' - Expert Stanislav Galandzovskyi | On The Margin with Ivan Patriki]]></title><description><![CDATA[The prop firm industry has a dirty secret.. Ivan Patriki sat down the prop firm marketing expert Stanislav Galandzovskyi, who works with a lot of them, and he's finally telling the truth.]]></description><link>https://www.on-the-margin.com/p/most-prop-firms-are-in-debt-expert</link><guid isPermaLink="false">https://www.on-the-margin.com/p/most-prop-firms-are-in-debt-expert</guid><dc:creator><![CDATA[On The Margin]]></dc:creator><pubDate>Fri, 15 May 2026 00:55:50 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/197305244/261cb488149121b75fc512f0ae31f41e.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>Stanislav, a growth consultant for brokers and prop firms, gave me an honest look at what's really going on behind the scenes. From firms going bankrupt the moment payouts are due, to influencers faking their trading profits, to why entire countries get banned from platforms &#8212; this conversation goes places most people in finance won't touch.<br><br>If you're thinking about starting a prop firm, or putting money into a prop firm, watch this first.<br></p><div class="embedded-publication-wrap" data-attrs="{&quot;id&quot;:7596238,&quot;embedding_publication_id&quot;:null,&quot;name&quot;:&quot;On The Margin&quot;,&quot;logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!eDhh!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5e0dac7b-4256-45aa-9781-cba4774e2790_1000x1000.png&quot;,&quot;base_url&quot;:&quot;https://www.on-the-margin.com&quot;,&quot;hero_text&quot;:&quot;Conversations outside the financial mainstream&quot;,&quot;author_name&quot;:&quot;On The Margin&quot;,&quot;show_subscribe&quot;:true,&quot;logo_bg_color&quot;:&quot;#ffffff&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="EmbeddedPublicationToDOMWithSubscribe"><div class="embedded-publication show-subscribe"><a class="embedded-publication-link-part" native="true" href="https://www.on-the-margin.com?utm_source=substack&amp;utm_campaign=publication_embed&amp;utm_medium=web"><img class="embedded-publication-logo" src="https://substackcdn.com/image/fetch/$s_!eDhh!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5e0dac7b-4256-45aa-9781-cba4774e2790_1000x1000.png" width="56" height="56" style="background-color: rgb(255, 255, 255);"><span class="embedded-publication-name">On The Margin</span><div class="embedded-publication-hero-text">Conversations outside the financial mainstream</div></a><form class="embedded-publication-subscribe" method="GET" action="https://www.on-the-margin.com/subscribe?"><input type="hidden" name="source" value="publication-embed"><input type="hidden" name="autoSubmit" value="true"><input type="email" class="email-input" name="email" placeholder="Type your email..."><input type="submit" class="button primary" value="Subscribe"></form></div></div><p><br>00:00:00 - Introduction<br>00:01:31 - Are Prop Firms a Pyramid Scheme?<br>00:03:22 - The Truth About Payouts &amp; Bankruptcies<br>00:05:37 - Marketers Running Prop Firms With No Finance Experience<br>00:09:29 - Should You Trade or Sell Courses?<br>00:11:21 - Why Vietnam Gets Banned From Prop Firms<br>00:17:33 - How to Tell If a Prop Firm Is Trustworthy<br>00:21:50 - Do Finance Influencers Actually Make Money Trading?<br>00:35:06 - How Brokers Really Make Their Money<br>00:40:29 - Can You Actually Make Money Day Trading?<br><br>Follow Stanislav Galandzovskyi:<br></p><p>https://www.galandzovsky.pro</p><p><br>https://t.me/ads_for_fintech<br>https://www.linkedin.com/in/galandzovskyi/<br><br>More of On the Margin:<br>https://www.themargin.tv</p><div class="apple-podcast-container" data-component-name="ApplePodcastToDom"><iframe class="apple-podcast episode-list" data-attrs="{&quot;url&quot;:&quot;https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042&quot;,&quot;isEpisode&quot;:false,&quot;imageUrl&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/podcast_1713090042.jpg&quot;,&quot;title&quot;:&quot;On The Margin&quot;,&quot;podcastTitle&quot;:&quot;On The Margin&quot;,&quot;podcastByline&quot;:&quot;On The Margin&quot;,&quot;duration&quot;:2142,&quot;numEpisodes&quot;:40,&quot;targetUrl&quot;:&quot;https://podcasts.apple.com/us/podcast/on-the-margin/id1713090042?uo=4&quot;,&quot;releaseDate&quot;:&quot;2026-04-26T18:51:00Z&quot;}" src="https://embed.podcasts.apple.com/us/podcast/on-the-margin/id1713090042" frameborder="0" allow="autoplay *; encrypted-media *;" allowfullscreen="true"></iframe></div><p><br><br>More of Boaz Sobrado:<br>https://x.com/sobradob<br>https://www.instagram.com/sobradob/<br>https://themargin.tv/boaz-sobrado<br><br>More of Ivan Patriki:<br>http://www.linkedin.com/in/artizt<br>https://substack.com/@artizt<br>https://t.me/ivanpatriki<br>https://www.instagram.com/artizt/<br>https://www.tiktok.com/@ascended</p>]]></content:encoded></item><item><title><![CDATA[What is Clipping? Secret Ads Powering Polymarket & Hollywood]]></title><description><![CDATA[With Daniel Bitton of Content Rewards]]></description><link>https://www.on-the-margin.com/p/what-is-clipping-secret-ads-powering</link><guid isPermaLink="false">https://www.on-the-margin.com/p/what-is-clipping-secret-ads-powering</guid><dc:creator><![CDATA[On The Margin]]></dc:creator><pubDate>Wed, 29 Apr 2026 19:12:22 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/195553329/a8fab229cf9ddf39f6149444eeb91a01.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p></p>]]></content:encoded></item><item><title><![CDATA[AI Agents Hunt Defi Yield]]></title><description><![CDATA[With MacBrennan Peet from P0]]></description><link>https://www.on-the-margin.com/p/ai-agents-hunt-defi-yield</link><guid isPermaLink="false">https://www.on-the-margin.com/p/ai-agents-hunt-defi-yield</guid><dc:creator><![CDATA[On The Margin]]></dc:creator><pubDate>Sun, 26 Apr 2026 18:51:11 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/195551087/61f1f0a7b5d4abab830c576aa81287bc.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p></p>]]></content:encoded></item><item><title><![CDATA[The Account Layer For Crypto Banking]]></title><description><![CDATA[With Neo Liat Beng, COO of Ur Technology.]]></description><link>https://www.on-the-margin.com/p/the-account-layer-for-crypto-banking</link><guid isPermaLink="false">https://www.on-the-margin.com/p/the-account-layer-for-crypto-banking</guid><dc:creator><![CDATA[On The Margin]]></dc:creator><pubDate>Thu, 23 Apr 2026 02:31:28 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/194659416/6e7f1d3086241ec0a61b38ed349629cc.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p></p>]]></content:encoded></item><item><title><![CDATA[Who Owns The Wallet Owns The Rails]]></title><description><![CDATA[Watch now | With Nitya Subramanian, founder and CEO of Para]]></description><link>https://www.on-the-margin.com/p/who-owns-the-wallet-owns-the-rails</link><guid isPermaLink="false">https://www.on-the-margin.com/p/who-owns-the-wallet-owns-the-rails</guid><dc:creator><![CDATA[On The Margin]]></dc:creator><pubDate>Mon, 20 Apr 2026 02:12:41 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/194658677/1945323ddda172e1b22e6146ac50c0c9.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p></p>]]></content:encoded></item><item><title><![CDATA[Close Friends Only - With Matt Moss, founder of Locket Labs]]></title><description><![CDATA[Matt founded Locket, a social media platform designed to be used with your friends]]></description><link>https://www.on-the-margin.com/p/close-friends-only-with-matt-moss</link><guid isPermaLink="false">https://www.on-the-margin.com/p/close-friends-only-with-matt-moss</guid><dc:creator><![CDATA[On The Margin]]></dc:creator><pubDate>Sun, 19 Apr 2026 02:07:24 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/193937570/57662bfe522ca529432609be9af7162c.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p></p>]]></content:encoded></item><item><title><![CDATA[Whop Stop Shop?]]></title><description><![CDATA[By many accounts, Whop may be the fastest growing fintech of 2026, albeit it isn't usually thought of as a Fintech company. I discussed this and more with Steven Schwartz, co-founder and CEO of Whop.]]></description><link>https://www.on-the-margin.com/p/whop-stop-shop</link><guid isPermaLink="false">https://www.on-the-margin.com/p/whop-stop-shop</guid><dc:creator><![CDATA[On The Margin]]></dc:creator><pubDate>Fri, 10 Apr 2026 02:24:21 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/193754227/af43c73c16a68932412c617cb1a4b60d.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p></p>]]></content:encoded></item><item><title><![CDATA[Off-Exchange Settlement For Institutional Crypto]]></title><description><![CDATA[With Nirup Ramalingam, the CEO and Founder of BridgePort.]]></description><link>https://www.on-the-margin.com/p/off-exchange-settlement-for-institutional</link><guid isPermaLink="false">https://www.on-the-margin.com/p/off-exchange-settlement-for-institutional</guid><dc:creator><![CDATA[On The Margin]]></dc:creator><pubDate>Thu, 09 Apr 2026 16:41:36 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/193317753/8273c10048b28079722b44065e463428.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p></p>]]></content:encoded></item><item><title><![CDATA[Raj Kamal On Stablecoins in Cross-Border Payments]]></title><link>https://www.on-the-margin.com/p/raj-kamal-on-stablecoins-in-cross</link><guid isPermaLink="false">https://www.on-the-margin.com/p/raj-kamal-on-stablecoins-in-cross</guid><dc:creator><![CDATA[On The Margin]]></dc:creator><pubDate>Tue, 07 Apr 2026 19:40:46 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/192772436/cb8cc6eb9ad9c032e5e44b0d0c98f541.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p></p>]]></content:encoded></item><item><title><![CDATA[The Rise of Non-USD Stablecoins]]></title><description><![CDATA[With Gianluca Minoprio of Daimo]]></description><link>https://www.on-the-margin.com/p/the-rise-of-non-usd-stablecoins</link><guid isPermaLink="false">https://www.on-the-margin.com/p/the-rise-of-non-usd-stablecoins</guid><dc:creator><![CDATA[On The Margin]]></dc:creator><pubDate>Tue, 07 Apr 2026 05:08:40 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/192575962/9bd1fa25639e4beb6f2f151bd4bc6cdc.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p>With Gianluca Minoprio of Daimo</p>]]></content:encoded></item></channel></rss>