Touch Grass Podcast

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Touch Grass Podcast

Touch Grass Podcast

@touchgrass_pod

crypto conversations with @24_gutta and @rachit - covering stories, narratives, markets, tech and much more!

Katılım Mart 2025
6 Takip Edilen778 Takipçiler
Touch Grass Podcast retweetledi
Rhea
Rhea@rheacts·
RoboStrategy is at 400% NAV premium, the demand signal is strong, Deus is the flywheel on top Mauricio from XMaquina, on why closed-ended Robotics exposure is trading at a premium and Deus is the open market infrastructure layer on top. "We spoke to Andrew Kang two years ago when we started building this. We exchanged notes and we've both seen that this is kind of obvious." "RoboStrategy's NAV was at a 400% premium as of May 16th, multiple of 5x to NAV. That's a really strong signal." "With Deus, NAV exposure is only part of the ecosystem. The RCM protocol lets you tokenize and trade asset-specific sub-DAOs, trading fees accrue back to the DAO. It's a growing economic flywheel rather than just a closed-ended fund."
Rachit Agarwal@rachit

New Episode w @ZolKilla and @dharmafibot from @xmaquina We Discuss: - Robotics Capital Markets - Understanding XMAQUINA DAO mechanics - Advancements in the broader Robotics space 0:40 - founder background + XMAQUINA thesis 6:45 - naming the project "XMAQUINA" 8:12 - forming robotics capital markets 12:11 - understanding the XMAQUINA DAO structure 16:18 - sourcing deals for the XMAQUINA DAO 18:54 - DAO governance and investment decisions 28:04 - the intersection of robotics and crypto 30:10 - whats actually happening in the broader robotics space 33:39 - thoughts on Robo Strategy (shoutout @Rewkang) 37:10 - wen TGE?

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Touch Grass Podcast retweetledi
Arjun
Arjun@clipsofcrypto·
Mauricio from XMaquina on why crypto needs to solve robotics ownership before it's too late "Let's use the Teslas. Autonomous Teslas that are driving around Austin right now. There's no more drivers. Those are all owned and operated by Tesla. If they become the top taxi service in the US, they're going to control that whole market. It's a monopoly" "We have to build models where people can plug in their machines to existing systems. Maybe you pay like a service fee, like 20% of all revenue to the company who's managing and putting you into that system. We got to create an open machine economy" "Universal basic ownership is much better, where instead of them giving you just money, you're able to acquire some of the assets that are working in your city, in your community, and still be kind of sovereign. We don't want to own nothing and be happy"
Rachit Agarwal@rachit

New Episode w @ZolKilla and @dharmafibot from @xmaquina We Discuss: - Robotics Capital Markets - Understanding XMAQUINA DAO mechanics - Advancements in the broader Robotics space 0:40 - founder background + XMAQUINA thesis 6:45 - naming the project "XMAQUINA" 8:12 - forming robotics capital markets 12:11 - understanding the XMAQUINA DAO structure 16:18 - sourcing deals for the XMAQUINA DAO 18:54 - DAO governance and investment decisions 28:04 - the intersection of robotics and crypto 30:10 - whats actually happening in the broader robotics space 33:39 - thoughts on Robo Strategy (shoutout @Rewkang) 37:10 - wen TGE?

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Touch Grass Podcast retweetledi
Rachit Agarwal
Rachit Agarwal@rachit·
New Episode w @ZolKilla and @dharmafibot from @xmaquina We Discuss: - Robotics Capital Markets - Understanding XMAQUINA DAO mechanics - Advancements in the broader Robotics space 0:40 - founder background + XMAQUINA thesis 6:45 - naming the project "XMAQUINA" 8:12 - forming robotics capital markets 12:11 - understanding the XMAQUINA DAO structure 16:18 - sourcing deals for the XMAQUINA DAO 18:54 - DAO governance and investment decisions 28:04 - the intersection of robotics and crypto 30:10 - whats actually happening in the broader robotics space 33:39 - thoughts on Robo Strategy (shoutout @Rewkang) 37:10 - wen TGE?
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Touch Grass Podcast retweetledi
Arjun
Arjun@clipsofcrypto·
Two moats matter in stablecoins: TRUST if you own the user, LIQUIDITY if you serve businesses. Wyatt of Castle Island Ventures on the two completely different moat's stablecoin businesses need depending on who they actually serve. "Owning the end user is really valuable. You develop a trust relationship with your user which makes it difficult to disintermediate." "The most valuable thing they built is that audience. They can tap into that audience and cross-sell other offerings or bring in other integrations." "In the AI era, digital trust is becoming something we're all very concerned about. If you're comfortable with a product and have a trust relationship, it's going to be sticky." "If you're a clearing house, the number of parties integrated and the amount of liquidity flowing through dictates the staying power you have in market." On prediction markets, he adds: "Liquidity probably becomes the moat above anything else."
Rachit Agarwal@rachit

The Crypto Fundraising Landscape New Episode w @wyatt_khos from @CastleIslandVC We discuss: - Changing Appetite for Equity Investing in Crypto - Stablecoin and Cybersecurity Businesses - Survival of the Fittest for Crypto Venture Funds 0:34 - Wyatt and Castle Island Ventures' background 2:58 - Evolution of Crypto Investing since 2023 6:08 - Equity vs Token investing 9:33 - investing in the Stablecoin category since 2020 12:00 - understanding moats w Stablecoin businesses 14:30 - AI's impact on earlier stage teams 17:49 - concentration of funds in specific verticals(?) 21:07 - will we see a decrease in crypto funds this cycle(?) 26:07 - extremely bullish on Cybersecurity 29:20 - Castle Island Venture Winners 30:11 - "are there any missed deal opps that keep you up at night?" (@jito_sol) 31:27 - #1 advice to founders raising in the current environment

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Touch Grass Podcast retweetledi
Arjun
Arjun@clipsofcrypto·
"We're definitely not expecting value to grow on both sides" Wyatt of Castle Island Ventures on how they classify every deal as either a token business or an equity business "Typically we are expecting a company to be a token based business or an equity based business. We're not sitting in the middle saying this one could go either way" "The form factor for a lot of those token businesses will be a SAFE plus token warrant. It's an effective structuring methodology. But we're not expecting value to accrue on the equity side of that" "There are some folks who look at it that way. We don't. Maybe they end up pivoting and it becomes an equity business. But we are not sitting in the middle"
Rachit Agarwal@rachit

The Crypto Fundraising Landscape New Episode w @wyatt_khos from @CastleIslandVC We discuss: - Changing Appetite for Equity Investing in Crypto - Stablecoin and Cybersecurity Businesses - Survival of the Fittest for Crypto Venture Funds 0:34 - Wyatt and Castle Island Ventures' background 2:58 - Evolution of Crypto Investing since 2023 6:08 - Equity vs Token investing 9:33 - investing in the Stablecoin category since 2020 12:00 - understanding moats w Stablecoin businesses 14:30 - AI's impact on earlier stage teams 17:49 - concentration of funds in specific verticals(?) 21:07 - will we see a decrease in crypto funds this cycle(?) 26:07 - extremely bullish on Cybersecurity 29:20 - Castle Island Venture Winners 30:11 - "are there any missed deal opps that keep you up at night?" (@jito_sol) 31:27 - #1 advice to founders raising in the current environment

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Touch Grass Podcast retweetledi
Rhea
Rhea@rheacts·
"Call it the next generation needs in stablecoin infrastructure, like a stablecoin clearinghouse " Wyatt from Castle Island Ventures on their current investments and interests in the stablecoin industry "We want to continue to invest in the stable coin space so anyone that's building there, we'd love to chat and learn more and explore where we can work together." "Essentially you're going to have a lag in liquidity from one place to another and that's something that we're seeing at scale"
Rachit Agarwal@rachit

The Crypto Fundraising Landscape New Episode w @wyatt_khos from @CastleIslandVC We discuss: - Changing Appetite for Equity Investing in Crypto - Stablecoin and Cybersecurity Businesses - Survival of the Fittest for Crypto Venture Funds 0:34 - Wyatt and Castle Island Ventures' background 2:58 - Evolution of Crypto Investing since 2023 6:08 - Equity vs Token investing 9:33 - investing in the Stablecoin category since 2020 12:00 - understanding moats w Stablecoin businesses 14:30 - AI's impact on earlier stage teams 17:49 - concentration of funds in specific verticals(?) 21:07 - will we see a decrease in crypto funds this cycle(?) 26:07 - extremely bullish on Cybersecurity 29:20 - Castle Island Venture Winners 30:11 - "are there any missed deal opps that keep you up at night?" (@jito_sol) 31:27 - #1 advice to founders raising in the current environment

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Touch Grass Podcast retweetledi
Rachit Agarwal
Rachit Agarwal@rachit·
considering doing a full week of "Humans of Hyperliquid" episodes next week in celebration of ATH who are your favourite Hyperliquid traders? hyperliquid:native
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Touch Grass Podcast retweetledi
Rhea
Rhea@rheacts·
"A lot of the investors that are still around in the crypto landscape have shifted a lot from venture token investing to venture equity investing." Wyatt from Castle Island Ventures on how landscape of crypto businesses have changed from 2023 to now "In 2023, one of the major pushbacks that we would get as a firm to our strategy was why we would even do equity investing in crypto and whether there would be exits." "About 80 to 90% of what we've invested in has been equity businesses and the other 20% is on the token side." "At that time, people weren't sure how to underwrite protocols from a venture perspective and I really don't think a lot of those questions ever got answered."
Rachit Agarwal@rachit

The Crypto Fundraising Landscape New Episode w @wyatt_khos from @CastleIslandVC We discuss: - Changing Appetite for Equity Investing in Crypto - Stablecoin and Cybersecurity Businesses - Survival of the Fittest for Crypto Venture Funds 0:34 - Wyatt and Castle Island Ventures' background 2:58 - Evolution of Crypto Investing since 2023 6:08 - Equity vs Token investing 9:33 - investing in the Stablecoin category since 2020 12:00 - understanding moats w Stablecoin businesses 14:30 - AI's impact on earlier stage teams 17:49 - concentration of funds in specific verticals(?) 21:07 - will we see a decrease in crypto funds this cycle(?) 26:07 - extremely bullish on Cybersecurity 29:20 - Castle Island Venture Winners 30:11 - "are there any missed deal opps that keep you up at night?" (@jito_sol) 31:27 - #1 advice to founders raising in the current environment

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Touch Grass Podcast retweetledi
Rachit Agarwal
Rachit Agarwal@rachit·
The Crypto Fundraising Landscape New Episode w @wyatt_khos from @CastleIslandVC We discuss: - Changing Appetite for Equity Investing in Crypto - Stablecoin and Cybersecurity Businesses - Survival of the Fittest for Crypto Venture Funds 0:34 - Wyatt and Castle Island Ventures' background 2:58 - Evolution of Crypto Investing since 2023 6:08 - Equity vs Token investing 9:33 - investing in the Stablecoin category since 2020 12:00 - understanding moats w Stablecoin businesses 14:30 - AI's impact on earlier stage teams 17:49 - concentration of funds in specific verticals(?) 21:07 - will we see a decrease in crypto funds this cycle(?) 26:07 - extremely bullish on Cybersecurity 29:20 - Castle Island Venture Winners 30:11 - "are there any missed deal opps that keep you up at night?" (@jito_sol) 31:27 - #1 advice to founders raising in the current environment
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Connor Holliman
Connor Holliman@jconnorholliman·
When you get laid off, you must do everything in your power to touch grass and decompress with your ex-colleagues Simon and I both birdied this by the way
Connor Holliman tweet media
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Touch Grass Podcast retweetledi
Rhea
Rhea@rheacts·
"ByBit lost $4 billion in the biggest heist in history. Every user got their money back" Bags on why self custody is religion on crypto Twitter and why he thinks the religion is wrong "If $4 billion was stolen from your wallet you would be done. There is no recourse. On a tier one centralized exchange there is a balance sheet that can absorb the loss and a track record of users being made whole" "I have been drained from my personal wallets multiple times. I have been targeted numerous times. The idea that self custody is automatically safer simply does not match my actual experience" "On a tier one exchange I get the best UX, the best liquidity, the best fees, and I can use almost anything as collateral. For most people their money is probably safer there than in a Metamask"
Rachit Agarwal@rachit

New Episode w @bagsheera We Discuss: - Exact process of finding winning trades - Active trade management - Current market thoughts and state of altcoins And so much more! 0:56 - Buying Bitcoin at $250 5:36 - Selling the top 8:38 - Losing everything on leverage 10:31 - Recovering from big losses 13:50 - Building skillset during bear market 16:50 - Better opportunities are in altcoins 20:39 - How Bags looks for trades 24:39 - Using TPO charts 38:45 - Active management of trades 50:55 - Missing Hyperliquid in the early days 51:45 - CEX vs DEX tradoffs 55:34 - Thoughts on starting a community vault 57:58 - Market direction for the summer

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Touch Grass Podcast retweetledi
Rhea
Rhea@rheacts·
"I had a gambling addiction. I blew up my whole account in 15 minutes at 1AM during the October 2018 crash" Bags on the trader confession nobody wants to make and why brutal honesty is the only way back "Trading became my emotional crutch and turned into a full blown gambling addiction. I lost everything and blew up my life to put it mildly" "I was using leverage mindlessly. I had no business doing it. A few times I made money. A few times I lost high five figures in minutes. It was insanity" "To trade well you need self awareness and emotional intelligence. Otherwise you are lying to yourself and lying to other people. You have to cultivate a brutally honest relationship with the truth"
Rachit Agarwal@rachit

New Episode w @bagsheera We Discuss: - Exact process of finding winning trades - Active trade management - Current market thoughts and state of altcoins And so much more! 0:56 - Buying Bitcoin at $250 5:36 - Selling the top 8:38 - Losing everything on leverage 10:31 - Recovering from big losses 13:50 - Building skillset during bear market 16:50 - Better opportunities are in altcoins 20:39 - How Bags looks for trades 24:39 - Using TPO charts 38:45 - Active management of trades 50:55 - Missing Hyperliquid in the early days 51:45 - CEX vs DEX tradoffs 55:34 - Thoughts on starting a community vault 57:58 - Market direction for the summer

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Touch Grass Podcast retweetledi
Rhea
Rhea@rheacts·
"In the beginning, we were just playing with zero-knowledge, not even focused on Bitcoin" Orkun, Co-Founder of Citrea, on how their focus shifted from ZK experiments to building a full Bitcoin layer "When ordinals started, it brought a wave of developers into Bitcoin. We were one of them. At first, it looked trivial, just images on-chain. But then you realize, it’s not about images- it’s about data" "We started asking- if Bitcoin can hold data, can you build more? Can you use that data for lending, for collateral, for new primitives? That’s where things got interesting" "After months of R&D, we had a rough system using ZK. Then other builders told us- what you’re building is basically a rollup. That’s when it clicked" "We realized we were thinking too small. Instead of building features for ordinals, we could build a platform on Bitcoin where anything can be built"
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Rachit Agarwal
Rachit Agarwal@rachit·
New Episode w @bagsheera We Discuss: - Exact process of finding winning trades - Active trade management - Current market thoughts and state of altcoins And so much more! 0:56 - Buying Bitcoin at $250 5:36 - Selling the top 8:38 - Losing everything on leverage 10:31 - Recovering from big losses 13:50 - Building skillset during bear market 16:50 - Better opportunities are in altcoins 20:39 - How Bags looks for trades 24:39 - Using TPO charts 38:45 - Active management of trades 50:55 - Missing Hyperliquid in the early days 51:45 - CEX vs DEX tradoffs 55:34 - Thoughts on starting a community vault 57:58 - Market direction for the summer
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Touch Grass Podcast retweetledi
Rhea
Rhea@rheacts·
"In 2024 there were 100 Bitcoin L2 projects. Today there are 4 or 5 still building" Orkun, Co-Founder of Citrea, on how to actually separate real Bitcoin L2 builders from opportunists chasing the next funding cycle "A lot of teams pivoted to Bitcoin L2s in that summer, raised funding or launched a token, then left after six months. This is not unique to Bitcoin L2s. The same thing happened on Ethereum rollups, in DeFi, everywhere" "You can look at the codebase, look at the research, see if there is an actual white paper that explains something. If it is AI generated noise, you know. If the team is out there talking, explaining what they are building, that becomes trust material" "Three years in, still solving one of the hardest technical challenges, still building in the open. That is the signal real teams give. Opportunists do not stay this long"
Rachit Agarwal@rachit

New Episode w @0x_orkun, Co-Founder of @citrea_xyz We Discuss: - History of Bitcoin L2s and Current State - Pure BTC exposure vs Strategy exposure - Citrea Mainnet and Future Roadmap 0:45 - Orkun's background + Citrea thesis 5:15 - AI and ZK tech 7:20 - Citrea vs other Bitcoin L2s 12:25 - current perception of Bitcoin L2s 15:35 - institutions wanting to earn yield on Bitcoin 19:00 - BTC vs Strategy exposure is not the same thing 21:30 - the Citrea ecosystem 24:11 - future roadmap + wen TGE(?) 26:11 - Orkun's message to the community

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Touch Grass Podcast retweetledi
Arjun
Arjun@clipsofcrypto·
"Until something goes really bad you cannot distinguish MSTR from BTC. That is the danger" Orkun, Co-Founder of Citrea, on why holding MSTR equity is not holding Bitcoin and why most retail does not realize the layers of trust in between. "You are trusting a company who is trusting a custodian who is trusting a bunch of systems they built. Holding the equity legally represents your share in the company. Not the underlying Bitcoin" "For complicated players who understand Strategy and Stretch, MSTR is a tool. For an average user, Bitcoin should still be the number one thing to acquire and hold" "Past custodial failures have already shown this. Any of them failing affects these treasury companies. None of them affect your own holding if you run your node and hold your BTC yourself"
Rachit Agarwal@rachit

New Episode w @0x_orkun, Co-Founder of @citrea_xyz We Discuss: - History of Bitcoin L2s and Current State - Pure BTC exposure vs Strategy exposure - Citrea Mainnet and Future Roadmap 0:45 - Orkun's background + Citrea thesis 5:15 - AI and ZK tech 7:20 - Citrea vs other Bitcoin L2s 12:25 - current perception of Bitcoin L2s 15:35 - institutions wanting to earn yield on Bitcoin 19:00 - BTC vs Strategy exposure is not the same thing 21:30 - the Citrea ecosystem 24:11 - future roadmap + wen TGE(?) 26:11 - Orkun's message to the community

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Touch Grass Podcast retweetledi
Rhea
Rhea@rheacts·
"We are not making GPU financing more efficient. We are creating an entire market that does not exist" David on why a perpetual yield instrument for GPUs is the kimchi and ramen of crypto and the real unlock for the AI sector "In TradFi you have to get a loan from a warehouse facility, do 10,000 loans across clients, tranche it, price it, go on a road show, then make it tradable, then add indices. This takes a year. Three years sometimes for a new asset" "AI chips become obsolete in two. So you cannot use a three year financing cycle for a two year asset. The math does not work" "Figure realized you have to make it efficient. He is creating an efficiency on existing markets. We are creating an entirely new market for GPU yield that does not exist anywhere else" "Perpetual yield instruments are to financing what perps were to futures. You can refresh loans at the speed of chip obsolescence. That is the actual unlock"
Rhea@rheacts

"The second largest business in AI is not OpenAI. It is Wall Street" David on why AI is secretly a real estate business and why DeFi has the chance to displace Wall Street as the financier of choice "Why does Claude 4.7 suck? Because Anthropic does not have enough Blackwells. Period. AI today is purely a money issue. How many chips, how much capacity, how much energy and how much money to finance all of that" "NVIDIA does $500 billion in chip sales. But you are actually paying $700 billion because of $200 billion in interest. Just like a house. You pay 2 to 3x the price across 30 years" "OpenAI makes $20 billion. Wall Street makes way more than that off financing the chips alone. The largest business is NVIDIA. The second is Wall Street. Then OpenAI and Anthropic" "DeFi can position itself as a center participant in AI by becoming the second largest business and replacing Wall Street. That is the actual opportunity"

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Keşfet

@rachit @ZolKilla @dharmafibot @xmaquina @24_gutta @Rewkang @wyatt_khos @CastleIslandVC