This new Cryptocurrency has people prematurely excited

According to their website, CumRocket is the new "deflationary DeFi token disrupting the adult industry."

Sanjeev Gupta. Shutterstock Images.

The "DeFi" of that statement means "Decentralized Finance" and is a blockchain-based form of finance that does not rely on central financial intermediaries and instead utilizes smart contracts on blockchains.

What all this means is that a group of people see the blockchain technology used by crypto as a perfect fit for a multi-BILLION dollar industry like porn.

So right now, they are offering tokens called "CUMMIES", which can be used as a tipping and messaging currency on their NSFW content platforms, including an 18+ NFT marketplace as well as a private content subscription platform...

("Hit her with some cummies, fam!")

… But looking forward, the synergies are endless.

This is by no means a solicitation to buy CumRocket… To be honest, I haven't done much homework on it beyond the headlines… What this is is an invitation to listen to this week's episode of Twisted History because it is all about cryptocurrencies.

Vibbs and I define cryptos and then give a quick historical timeline for a vehicle that didn't exist before 2008.

I then speak to Tyler from the only financial newsletter I read every day, The Water Coolest, to break down a couple of recent headlines, such as the rise of CumRocket and a Turkish cryptocurrency broker who headed for zee hills with $2 billion worth of other people's crypto.

And we end the podcast with a deep dive on how to actually trade these fucking things with a young genius/billionaire named Sam Bankman-Fried.

Sam manages $2.5 billion of assets through Alameda Research, the quantitative crypto trading firm he founded in 2017.

He's an MIT grad and former Wall Street ETF trader who launched FTX, a crypto derivatives exchange, in 2019.

He also developed a crypto trading app called BlockFolio (that I am now actively trading on) who just signed Trevor Lawrence to an endorsement deal… And they paid that beautiful long-haired/equally-long-faced bastard his signing bonus entirely in digital currency, deposited directly into his Blockfolio account.

When you listen to my interview, you'll notice right away Sam is the smartest guy in the room, but he was also extremely forthcoming in talking about the risks of investing in crypto, how volatility is sometimes detrimental, the possibility of being at a trading level that may (or may not) be considered a bubble, and what-the-fuck is going on with DOGE?

Take a report.

-Large

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