On The Margin | Boaz Sobrado & Ivan Patriki

On The Margin | Boaz Sobrado & Ivan Patriki
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Hosted by Boaz Sobrado & Ivan Patriki. We speak to the elite of the business, political, and media world. www.on-the-margin.com

  1. 10 hrs ago

    The $15M Military Grants to Build the Solution to Privacy - "You are the Product" | Quant Yoon Auh & Ivan Patriki

    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 — 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:College grad → Credit Suisse → Goldman VP → Magnetar: the real pathIndex arbitrage, basket trading, and what institutional execution actually looks likeWhy quant models blow up in small caps (the bid-ask spread they never mention)Soft dollars: the hidden Wall Street system that funds research analystsWhy the biggest money is never in trading — it's in buildingFinfluencer scams then and now: the fax machine fraud that moved to the internet"When I say I want to go to Florida — then I see an ad for flights to Florida"Why Big Tech will never build real privacy tools (it's antithetical to their business model)The Nut Capsule: encrypted data objects that stay protected outside the appHow BOLTS beats Signal at file sharing — and why Signal stops at messagingUS military grants: SBIR, AFWERX, In-Q-Tel, and how to actually get fundedIsraeli and Canadian firms charging Americans to navigate US military grant applicationsOnly 25% of grant success is merit — a Navy acquisition officer said it on stagePalantir, Google Earth, and why the CIA funded the biggest tech companiesWhy you can't be the same politician you were when you startedMentorship, relationships, and the Goldman Sachs backup that saved the departmentGUEST:Yoon Auh: Founder & 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.RESOURCES & LINKS:NUTS Technologies: https://www.nutstechnologies.comBOLTS Technologies: https://www.boltstechnologies.xyzMORE OF YOON AUH:LinkedIn: https://www.linkedin.com/in/yoonauh/MORE OF ON THE MARGIN:Website: https://www.themargin.tv Spotify: Main Site: https://www.on-the-margin.comMORE OF BOAZ SOBRADO:Twitter: https://x.com/sobradobInstagram: https://www.instagram.com/sobradob/Website: https://themargin.tv/boaz-sobradoMORE OF IVAN PATRIKI:LinkedIn: https://www.linkedin.com/in/artiztSubstack: https://substack.com/@artiztTwitter: https://x.com/Ivan_patrikiInstagram: https://www.instagram.com/artizt/?hl=enTikTok: https://www.tiktok.com/@ascendedTelegram: https://t.me/ivanpatrikiTIMESTAMPS:00:00 Intro01:09 Who Is Yoon Auh?01:38 Columbia Grad to Coding Trading Systems for 10 Years03:17 Landing on the Program Trading Desk at Credit Suisse04:13 Becoming Head Trader: How He Made Them a Lot of Money05:53 What Quants Get Wrong About Small Cap Stocks08:13 The Difference Between Building a Model and Executing One10:32 Is Yoon Still Trading? Life After Institutional Finance12:35 The Gut Punch of Trading With Your Own Capital14:59 Living With Volatility: Why Most People Can't Handle It17:29 Why the Biggest Money Is Never in Trading20:19 Soft Dollars: The Hidden Wall Street System Nobody Talks About22:56 Magnetar Capital and Building the First Soft Dollar Distribution System27:23 Should Aspiring Quants Buy Courses? The Fax Machine Scam Analogy30:29 The Finfluencer Problem: Bugattis, Bad Advice & Survivorship Bias36:30 Why Yoon Left Finance to Start a Company38:00 "When I Said I Want to Go to Florida — Then I Saw an Ad for Flights"42:00 Why Big Tech Will Never Build Real Privacy Tools50:08 The NUTS Ecosystem: Data-Centric Security Explained57:15 How It's Different From Signal, ProtonMail, and WhatsApp01:02:00 The Nut Capsule: Encrypted Containers That Travel With Your Data01:08:31 Will You Add a Government Backdoor? The Honest Answer01:14:26 Dual Use Technology and the Ethics of Cybersecurity01:22:00 How to Get US Military Grants as a Small Startup01:35:40 The Dirty Secret of Government RFPs01:43:00 Palantir, Google Earth, In-Q-Tel, and CIA-Funded Tech01:47:00 Only 25% of Grant Success Is Merit (A Navy Officer Said It)01:52:00 Should You Rise Through the System to Change It?01:58:00 Power, Politics & Why Everyone Loses Something on the Way Up02:01:02 The Best Career Advice Nobody Gives You02:07:06 Closing Thoughts This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.on-the-margin.com

    2h 9m

  2. 5d ago

    'Your trades are public' - Ilies Larbi, Ouinex Owner Exposes Brokers - On the Margin w Ivan Patriki

    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.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. 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. 00:00:00 - Introduction00:01:08 - Is Crypto a Scam?00:03:02 - How Institutions Trade Against You00:06:12 - The Chinese Wall That Protects Retail00:08:49 - How Brokers Sell Your Data00:10:21 - How Do We Know You're Telling the Truth?00:12:03 - A-Book vs B-Book Explained00:14:09 - How Ouinex Actually Makes Money00:15:27 - Ouinex vs Hyperliquid00:19:14 - How He Got Liquidity Providers00:22:01 - Why He Started Ouinex00:25:44 - What Are People Trading Right Now?00:28:58 - Using Client Data as a Signal00:33:17 - The Demographics of Profitable Traders00:37:38 - Why Less Leverage Makes You More Money00:44:48 - The Worst Part of Crypto00:48:10 - The WIKS Token Launch00:55:34 - No VCs — Funded Entirely by the Community00:56:16 - How a Rug Pull Actually Works00:58:01 - How the VC Pump and Dump Works01:01:49 - What Stops You From Rugging?01:06:27 - How Much Money Is Enough?01:12:14 - Do Regulations Actually Mean Anything?01:19:41 - Advice for New Traders01:32:23 - How to Spot a Scam Signal Seller01:38:23 - How to Start a BrokerageCheck out Ouinex:https://ouinex.com/enhttps://x.com/Ouinexhttps://www.instagram.com/ouinexexchange/Check out Ilies Larbi:https://www.linkedin.com/in/ilieslarbi/enhttps://x.com/ilies_larbiMore of On the Margin: https://www.themargin.tv More of Boaz Sobrado:https://x.com/sobradobhttps://www.instagram.com/sobradob/https://themargin.tv/boaz-sobradoMore of Ivan Patriki:http://www.linkedin.com/in/artizthttps://substack.com/@artizthttps://t.me/ivanpatrikihttps://www.instagram.com/artizt/https://www.tiktok.com/@ascendedhttps://x.com/Ivan_patrikihttps://www.facebook.com/ivanpatriki22/https://themargin.tv/ivan-patrikihttps://www.financemagnates.com/author/ivan-patriki/https://financefeeds.com/author/ivan-patriki/ This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.on-the-margin.com

    1h 42m

  3. Jun 15

    Co-Founder of Tether: The Next Trillion-dollar move is STBL | Reeve Collins

    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.We cover:- How he went from the internet boom to riding blockchain's biggest wave- Why Tether became the bridge between Wall Street and crypto (and keeps 1.4 billion unbanked people connected to dollars)- The structural flaws in stablecoins (and how Stable 2.0 fixes them)- What's backing USDC: US treasuries, yield protocols, and why that matters- Can governments freeze your stablecoins? (Iran's $400M USDC freeze explained)- Stablecoin 2.0: earning 5-6% yield while you spend—never possible before- Why crypto "started on the dark web" is the wrong debate- The real threat of CBDCs and why governments want surveillance money- Bitcoin as insurance: why every country needs an alternative to government currencies- How Wi-Fi (his decentralized on-chain bank) is giving the underbanked access to Wall Street tools- The tech that actually drives adoption: porn, gambling, and then everything else- Why young traders should stop day trading and start investing- Conviction: the secret trait every billionaire has (and how you build it)- The betrayals and business lessons nobody teaches you- From college grad to running trillions: the specific life advice that worksGUEST:Reeve Collins – Co-founder of Tether & 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.RESOURCES & LINKS:Stable: https://www.stbl.comWeFi: https://www.wefi.coSmart Media Technologies: https://www.smartmediatech.ioMORE OF REEVE COLLINS:Twitter: https://x.com/reeve_collinsLinkedIn: https://www.linkedin.com/in/reevecollins/YouTube: @ReeveCollinsOfficial Site: https://reevecollins.com/MORE OF ON THE MARGIN:Website: https://www.themargin.tv Spotify: Main Site: https://www.on-the-margin.comMORE OF BOAZ SOBRADO:Twitter: https://x.com/sobradobInstagram: https://www.instagram.com/sobradob/Website: https://themargin.tv/boaz-sobradoMORE OF IVAN PATRIKI:LinkedIn: https://www.linkedin.com/in/artiztSubstack: https://substack.com/@artiztTwitter: https://x.com/Ivan_patrikiInstagram: https://www.instagram.com/artizt/?hl=enTikTok: https://www.tiktok.com/@ascendedTelegram: https://t.me/ivanpatriki00:00 Intro01:06 Who Is Reeve Collins? (Co-Founder of Tether)02:25 The Ten-Year Gap Between Successes (And Why Timing Is Everything)04:13 What Actually Backs USDC? (US Treasuries, Yield, & Philosophy)05:08 The First Time Anyone Could Create Money (Not Governments)06:18 Tether: The Bridge Between Traditional Finance & Blockchain07:02 What's Coming Next in Crypto?10:02 How Tether Makes Money on $180B in Transactions13:04 Has Crypto Lost Its Original Mission?14:18 What Really Drives Technology Innovation (It's Not What You Think)17:47 Why Tether Dominated Every Other Stablecoin19:04 Can You Build Another Tether in 2026?21:14 Stable 2.0: The Next Evolution of Stablecoins23:50 Meme Coins vs. Real Investment (The XRP Debate)29:33 Is Crypto Just Fraud? The Honest Breakdown32:14 CBDCs, Government Control & Frozen Funds36:08 Small Town Kid to Silicon Valley: His Origin Story38:06 Conviction: The One Trait Every Billionaire Has42:31 Wi-Fi: Bringing Wall Street to the Underbanked45:47 Betrayal in Business (And What It Taught Him)48:40 Why Successful People Don't Hold Grudges49:12 The Real Advice That Changes Lives (Skip the Platitudes)50:39 The Three Paths to Getting Rich52:20 Closing: What He's Building NextKEY TAKEAWAYS:✓ Stablecoins are the bridge from traditional finance to blockchain—not a replacement✓ Conviction matters more than intelligence or hard work alone✓ Bitcoin will never die because it's the only alternative to government currency✓ CBDCs are surveillance money—decentralized options must exist alongside them✓ Stable 2.0 changes the game: you can earn yield and spend at the same time✓ Young people should learn AI deeply, not day trade✓ Tether's dominance comes from first-mover advantage + constant innovation✓ The future is AI agents routing your money to the most profitable ecosystem✓ WeFi represents the next evolution: true financial access for billions This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.on-the-margin.com

    53 min

  4. Jun 7

    Is Crypto a Scam? Why BILLIONS Are Invested Into Bitcoin | GoMining CEO Mark Zalan & Ivan Patriki

    From Soviet Refugee into GoMining CEO: Mark Zalan on GoMining, Crypto Fraud & the FUTURE of Bitcoin.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.We cover:How his family fled the Soviet Union in 1989 with $360 and refugee documents - and what that shaped in himWhy he was late to Bitcoin (and what finally changed his mind)How Go Mining lets anyone start mining Bitcoin for as little as $25The difference between cloud mining scams and what Go Mining actually doesIs crypto mostly fraud? An honest breakdownBitcoin as financial freedom — Ukraine, Venezuela, and the Canada truckers protestWhy you need to know more than just money to succeed (the Andrew Tate debate)Go Mining's upcoming instant Bitcoin payment protocol — Layer 1, zero user fees, 0.2% merchant fee (vs. 2.5–3.5% for card networks)What visionary entrepreneurs actually look like up closeThe imposter syndrome no one talks about at the topWhether 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.Check out GoMininghttps://gomining.com More of Mark Zalan:https://x.com/MarkZalan_https://linkedin.com/in/mark-zalanhttps://www.instagram.com/markzalan_gomining/More of On the Margin: https://www.themargin.tv More of Boaz Sobrado:https://x.com/sobradobhttps://www.instagram.com/sobradob/https://themargin.tv/boaz-sobradoMore of Ivan Patriki:http://www.linkedin.com/in/artizthttps://substack.com/@artizthttps://t.me/ivanpatrikihttps://www.instagram.com/artizt/https://www.tiktok.com/@ascendedhttps://x.com/Ivan_patrikihttps://www.facebook.com/ivanpatriki22/https://themargin.tv/ivan-patrikihttps://www.financemagnates.com/author/ivan-patriki/https://financefeeds.com/author/ivan-patriki/00:00 Intro01:04 Soviet Refugee to Silicon Valley02:53 Why He Bet Everything on Bitcoin03:26 How Wall Street Killed Bitcoin Mining05:27 The $25 Bitcoin Mine06:26 How Go Mining Actually Makes Money09:37 The Truth About Cloud Mining Scams12:48 Building Trust in a Trustless Space14:50 "We're Extremely Profitable"17:04 $360 and a One-Way Ticket Out21:45 Did Poverty Make Him Hungrier?23:11 Why He Joined the Marines24:39 How He Got Into GE Capital28:29 The Moment He Knew He'd Made It33:19 Does Winning Get Easier?37:11 Luck, Charisma, or Skill?39:06 Why History Majors Win42:18 Destroying Andrew Tate's Money Advice45:40 What Billionaires Are Really Like55:15 Making Payroll From His Own Pocket01:07:37 Is Crypto Mostly a Scam?01:13:51 Was Bitcoin Built for Crime?01:20:29 Why Crypto Is About Freedom01:30:27 Can the Government Freeze Your Bitcoin?01:43:57 🚨 Instant Bitcoin Payments Announced01:47:13 Killing Visa's 3% Fee02:07:47 On Power, Politics & Imposing Your Will02:15:43 Why Every Revolution Ends in Executions02:23:46 The Blueprint for Going From Nothing to Millions This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.on-the-margin.com

    2h 28m

  5. Jun 2

    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

    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.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.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.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. 00:00:00 - Introduction00:01:02 - Best Day of His Life00:02:04 - What Is Counterpart?00:04:13 - The SpaceX Investor00:06:36 - How Great Investors Help You00:07:06 - Building Amazon for Southeast Asia00:08:46 - 38 Out of 40 People Said No00:10:21 - Insurance as Risk Prevention00:11:21 - Small Businesses Getting Fined00:13:52 - Is Insurance a Scam?00:19:03 - US vs. Dubai: Where to Build?00:20:44 - Stare Into the Abyss00:24:34 - Sacrificing Your Social Life00:26:40 - The Feedback Loop Philosophy00:31:10 - What Is Good Mental Health?00:33:58 - Building Counterpart for Life00:39:32 - Why Entrepreneurs Study Philosophy00:42:42 - Who Do You Look Up To?00:59:30 - Advice for the Next GenerationCheck out CounterPart: https://yourcounterpart.comMore of Tanner Hackett:https://www.linkedin.com/in/tannerhacketthttps://x.com/tan_hackMore of On the Margin: https://www.themargin.tv More of Boaz Sobrado:https://x.com/sobradobhttps://www.instagram.com/sobradob/https://themargin.tv/boaz-sobradoMore of Ivan Patriki:http://www.linkedin.com/in/artizthttps://substack.com/@artizthttps://t.me/ivanpatrikihttps://www.instagram.com/artizt/https://www.tiktok.com/@ascendedhttps://x.com/Ivan_patrikihttps://www.facebook.com/ivanpatriki22/https://themargin.tv/ivan-patrikihttps://www.financemagnates.com/author/ivan-patriki/https://financefeeds.com/author/ivan-patriki/ This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.on-the-margin.com

    1h 1m

  6. May 19

    US Ambassador: "How I Sold My Company to Microsoft" | Trevor Traina w/ Ivan Patriki | On The Margin

    Trevor Traina just told me everything. 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.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.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.If you're serious about building something real, becoming the new elite, watch someone from the elite explain everything.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.Expanding AI integrations is listed as one of their near-term priorities alongside growing their mini-app ecosystem. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.on-the-margin.com

    41 min

  7. May 15

    'Most Prop Firms are in Debt' - Expert Stanislav Galandzovskyi | On The Margin with Ivan Patriki

    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 — this conversation goes places most people in finance won't touch.If you're thinking about starting a prop firm, or putting money into a prop firm, watch this first. 00:00:00 - Introduction00:01:31 - Are Prop Firms a Pyramid Scheme?00:03:22 - The Truth About Payouts & Bankruptcies00:05:37 - Marketers Running Prop Firms With No Finance Experience00:09:29 - Should You Trade or Sell Courses?00:11:21 - Why Vietnam Gets Banned From Prop Firms00:17:33 - How to Tell If a Prop Firm Is Trustworthy00:21:50 - Do Finance Influencers Actually Make Money Trading?00:35:06 - How Brokers Really Make Their Money00:40:29 - Can You Actually Make Money Day Trading?Follow Stanislav Galandzovskyi: https://www.galandzovsky.pro https://t.me/ads_for_fintechhttps://www.linkedin.com/in/galandzovskyi/More of On the Margin:https://www.themargin.tv More of Boaz Sobrado:https://x.com/sobradobhttps://www.instagram.com/sobradob/https://themargin.tv/boaz-sobradoMore of Ivan Patriki:http://www.linkedin.com/in/artizthttps://substack.com/@artizthttps://t.me/ivanpatrikihttps://www.instagram.com/artizt/https://www.tiktok.com/@ascended This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.on-the-margin.com

    43 min
  8. What is Clipping? Secret Ads Powering Polymarket & Hollywood

    Apr 29

    What is Clipping? Secret Ads Powering Polymarket & Hollywood

    This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.on-the-margin.com

    32 min
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Hosted by Boaz Sobrado & Ivan Patriki. We speak to the elite of the business, political, and media world. www.on-the-margin.com

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