Episodes

Dec 9

The Future of Sports and Entertainment: Decentralized Ownership and the Role of Web3 In this episode of Old Men New Money, Phil Larmon discusses the systemic issues plaguing the sports and entertainment distribution models. He argues that the current system is fundamentally broken due to the disappearance of scarcity, leading to economic collapse and fragmentation in media consumption. Phil breaks down how Web3 technology can solve these problems by introducing scalable ownership models, decentralized content creation, and peer-to-peer betting. He explains how tokenized media distribution can align the interests of fans, creators, athletes, and leagues, making them stakeholders rather than mere consumers. The episode concludes with a look at how this shift will permanently change the economics of sports and entertainment. 00:00 Introduction: The Broken Distribution Model 01:43 The Collapse of Scarcity in Media 03:06 The Rise of Fan Ownership 04:52 Web3: The Future of Media Distribution 05:59 The Streaming Dilemma 07:43 Tokenized Media and Fan Engagement 12:07 Decentralized Betting and the Future of Sports 13:11 The Inevitable Shift to Tokenized Media 17:12 Conclusion: Rewriting the Economics of Entertainment Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 8

Revolutionizing Sports Wealth: Athlete Tokenization's Bright Future In this episode of Old Men New Money, Phil Larmon explores the concept of athlete tokenization as a solution to the financial and identity crises that athletes often face. He differentiates between economically sound tokenization and the hype around NFTs and digital collectibles. He critiques the early attempt by Fantex and explains why it failed due to the absence of supportive laws, technology, and cultural acceptance at the time. Larmon then discusses the modern landscape where high school and college athletes can monetize legally, paving the way for sustainable tokenization. He emphasizes the need for an aligned ecosystem involving agents, managers, and professional associations to ensure these investments are ethical and beneficial for athletes. The episode also explores the potential long-term benefits of tokenization, including post-career earnings and stronger fan engagement, ultimately providing athletes with financial and identity stability throughout and after their careers. 00:00 Introduction to Athlete Tokenization 00:39 The Structural Problems in Sports 02:09 The Fantex Experiment 05:26 The Modern Landscape of Athlete Tokenization 06:12 Case Studies: Potential and Real Examples 13:35 The Role of Agents and Managers 15:32 Post-Career Monetization 18:46 The Four Conditions for Successful Tokenization 20:42 Conclusion and Future Insights Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 3

The Blueprint of Tokenization in Modern Entertainment: Real Ownership and Participation In Episode 22, host Phil Larmon shifts from the 'why' of fan ownership to the 'how', detailing the mechanics behind tokenization within the entertainment industry. This episode delves into how tokenization collapses the traditional layers of access, ownership, and monetization, using blockchain technology to create verifiable, programmable, and transparent ecosystems. Larmon explores practical applications such as tokenized ticketing, fan access, compliant equity models, media distribution, loyalty pipelines, and real-world authentication. He emphasizes that tokenization is transforming everything from music and film to sports and digital collectibles by shifting fans from passive consumers to active participants with real economic stakes. The episode highlights current implementations and future predictions, asserting that regulated, transparent tokenization will revolutionize entertainment. 00:00 Introduction and Recap 00:56 The Blueprint for Fan Ownership 02:04 Tokenized Ticketing Revolution 03:59 Fan Access and Engagement 05:47 Compliant Equity Models 07:25 Media Distribution Tokens 08:58 Loyalty to Equity Pipelines 10:03 Authentication and Digital Twins 11:01 The New Fan Economy 12:01 Real-World Applications and Future Predictions 15:31 Regulation and Compliance 18:39 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 2

Fan Ownership in Sports and Entertainment: The Future of Digital Securities In this episode of 'Old Men New Money,' Phil Larmon dives into how digital securities can revolutionize the sports and entertainment industries. By applying the concepts of digital assets, compliance, and tokenization, fans, athletes, and creators can all benefit in unprecedented ways. Larmon illustrates how stadium districts can be tokenized, offering fans real, fractional ownership and creating new economic alignments between stakeholders. He also discusses the potential for regulated digital securities to transform fan participation, support athletes' financial health, and reshape the entertainment industry. The future of fan ownership is explored through practical examples and the promise of a more inclusive, economically aligned model. 00:00 Introduction to the Series 00:55 The Emotional Power of Sports and Entertainment 01:47 The Problem with the Old Model 02:17 The Promise of Digital Securities 03:55 Stadium Districts: The Future of Sports Real Estate 06:12 Fan Tokens vs. Real Ownership 11:35 The Role of Digital Securities in Entertainment 12:34 The Future of Fan Ownership 14:28 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 28

The Rise of Community Marketing Officers: Transforming Customer Advocacy In this episode of 'Old Men, New Money,' Douglas Borthwick discusses the emergence of community marketing officers (CMOs), who differ from traditional chief marketing officers. CMOs are customer investors actively involved in promoting the business, motivated by their financial stakes in the company's success. Borthwick covers effective CMO program structures, the importance of compliance, and the impact of aligning ownership with advocacy incentives. He provides practical guidelines for businesses to implement CMO programs and discusses the future potential of this marketing strategy. Real-world examples from Web3 projects and insumer companies are highlighted to showcase the effectiveness of community-driven marketing. 00:00 Introduction to Community Marketing Officers 01:23 The Power of Customer Investors 04:19 Structures for Incentivizing CMOs 06:32 Legal Considerations and Compliance 08:07 Implementing a CMO Program 09:33 Web3 Examples of Community Marketing 11:03 Measuring CMO Program Success 13:03 Common Mistakes and Risks 16:28 Future of Community Marketing 19:13 Conclusion and Resources Explore further with my books, The Insumer Model and Your Equity in Your Pocket , both available on Amazon. Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 26

Integrating Marketing and Investor Relations: The Insumer Model Explained In this episode of Old Men New Money, Douglas Borthwick delves into the convergence of marketing and investor relations departments through the insumer model. Traditionally, these two business functions operate in isolation, but when combined, they create unique competitive advantages. The insumer model transforms customer loyalty into an investment thesis and integrates brand loyalty with equity appreciation. Real-world examples, such as Blue Mountain Coffee, demonstrate how businesses can benefit from this integrated approach by converting emotional ownership into financial ownership. The episode also discusses practical steps for implementing the insumer model, including customer acquisition, capital raising, measuring ROI, and maintaining privacy. With references to extensive market research and successful case studies, Borthwick provides a comprehensive guide for consumer-facing companies to align customer loyalty with shareholder value. 00:00 Introduction to Insumer Model 00:57 The 30-Second Version 02:16 Real-World Examples 02:51 Marketing and Investor Relations Integration 04:32 Implementing the Insumer Model 11:15 Privacy Concerns and Solutions 12:59 Case Study: Treasure Experience 15:06 Metrics That Matter 16:47 Action Steps for Businesses 18:01 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 25

Bridging the Gap: Understanding Hybrid Security Tokens In this episode of Old Men New Money, Douglas Borthwick discusses common fears associated with pure digital securities and introduces the concept of hybrid security tokens. Hybrid tokens offer both traditional paper certificates and digital tokens, easing the transition to digital securities. Douglas explains the technical process behind hybrid tokens, shares insights from his experience at INX, and highlights the benefits of providing both options to cater to different investor preferences. He also provides practical advice for companies implementing these models and investors considering them. 00:00 Introduction to Digital Securities 00:15 Common Concerns with Digital Securities 00:46 Introducing Hybrid Security Tokens 01:27 Real-World Examples and Benefits 04:21 Mechanics of Hybrid Security Tokens 05:37 Implementation and Costs 06:50 Conversion Processes Explained 08:24 Case Studies and Adoption 13:44 Future Predictions and Advice 17:06 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 24

Unlocking the Potential of the Insumer Model™: Aligning Consumers and Investors with Tokenized Equity In this episode of 'Old Men, New Money®,' Douglas Borthwick introduces the Insumer Model™, a concept merging investor and consumer identities through tokenized equity. Borthwick explains how traditional stock ownership can be transformed using blockchain technology to provide immediate benefits at the point of sale. He details the advantages of this model, including enhanced customer loyalty, better feedback, and reduced marketing costs. Real-life examples and potential challenges are discussed, highlighting how businesses and individuals can benefit from this integrated approach. Future episodes will delve deeper into related topics like hybrid security tokens and brand loyalty. 00:00 Introduction to The Insumer Model™ 00:19 The Starbucks Scenario: A Wake-Up Call 00:55 The Concept of Tokenized Equity 01:28 The Genesis of The Insumer Model™ 02:50 The Apple Example: Invisible Ownership 04:33 The Three Dimensions of Value 06:14 Real-World Applications and Examples 07:48 The Role of NFTs in Verification 09:25 Implementing The Insumer Model™ 11:52 Psychological Shifts and Behavioral Changes 15:34 Challenges and Solutions 16:42 Future Predictions and Action Steps 19:56 Conclusion and Upcoming Episodes About the Author Douglas Borthwick is not only one of the voices behind “Old Men, New Money®” but also a visionary championing the integration of consumer and investor identities through groundbreaking concepts like The Insumer Model ™. With practical experience intertwining stock ownership and retail benefits, Douglas invites you to join his journey of shaping tomorrow’s business landscape today. His books, The Insumer Model and Your Equity in Your Pocket are available on Amazon today. Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 21

Unlocking Private Equity: The Future of Tokenization In this final episode of Module Four on Real World Asset Tokenization, Ali Davoudi discusses the transformative potential of private equity tokenization. He explains why private equity matters, highlighting its $10 trillion global value but noting that access is limited to accredited investors. Ali explores three models for tokenizing private equity: tokenizing fund shares, direct investments in private companies, and secondary markets for existing stakes. He delves into the challenges, such as regulatory compliance and governance, and shares examples of successful implementations. He also provides practical advice for investors, underscoring the importance of understanding underlying investments, evaluating platforms, and reading legal documents. Ali concludes with his vision for the next decade, outlining a future where tokenization could democratize access and improve liquidity in private markets. 00:00 Introduction to Private Equity Tokenization 00:52 Why Private Markets Matter 02:18 Approaches to Tokenizing Private Equity 03:46 Tokenizing Private Equity Funds 05:17 Direct Tokenization of Private Companies 06:42 Secondary Markets for Private Equity 07:59 Regulatory Challenges 09:23 Personal Insights on Private Investing 10:22 Success Stories and Future Vision 12:52 Lessons from Real World Asset Tokenization 14:08 Investor's Guide to Tokenized Private Equity 15:37 Connecting to the Next Module 16:21 Closing Thoughts Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 20

Exploring Tokenization of Public Equity: Innovations and Challenges In this episode of Old Men New Money, Ali Davoudi discusses the emerging trend of tokenizing public company shares, illustrating how it could reshape global equity markets. He explains the difference between direct tokenization (as done by Galaxy Digital) and wrapped tokenization (as pursued by Backed and INX). Ali dives into the benefits, such as 24/7 trading and instant settlement, but also outlines challenges such as liquidity fragmentation and regulatory complexity. Through detailed examination, he balances the potential advantages against the current practical challenges and provides insights into the future of tokenized public equity, comparing it to the early internet era. Finally, he previews the next episode, which will focus on the potential of private equity tokenization. 00:00 Introduction to Tokenized Public Equity 00:45 Understanding Public Equity Tokenization 00:58 Direct vs. Wrapped Tokenization Models 01:58 Galaxy Digital's Innovative Move 03:26 The Wrapped Tokenization Model 04:52 Value Propositions of Tokenized Equity 06:27 Challenges of Tokenized Public Equity 07:57 Personal Views and Predictions 11:40 Lessons from Real World Asset Tokenization 13:02 Investor Guidance on Tokenized Public Equity 14:28 Connecting to Private Equity Tokenization 15:21 Closing Thoughts Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 19

Success in Asset Tokenization: Why Treasuries Outshine Real Estate In this episode of 'Old Men New Money,' Ali Davoudi explores the robust success of tokenized treasuries compared to the struggling attempts in real estate tokenization. He highlights the simplicity, liquidity, and regulatory clarity that make treasuries an ideal candidate for tokenization. By reviewing major players like BlackRock and Franklin Templeton, Davoudi explains the benefits, business models, and future growth of tokenized treasuries within the financial ecosystem. He also addresses key risks and provides practical advice for potential investors, emphasizing the lessons learned and future potential in tokenizing other asset classes. 00:00 Introduction to Tokenized Treasuries 00:51 What Are Tokenized Treasuries? 01:59 Why Tokenized Treasuries Succeed 03:32 Key Players in Tokenized Treasuries 05:13 Use Cases for Tokenized Treasuries 06:55 Economics for Asset Managers 09:20 Risks and Considerations 10:41 Personal Take and Future Predictions 13:06 Lessons for Other Asset Classes 16:21 Closing Thoughts and Next Episodes Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 17

The Truth About Real Estate Tokenization: Why It Hasn't Worked and What Needs to Change In this episode of Old Men New Money, Ali Davoudi introduces the audience to module four of their educational series on digital securities, focusing on real world asset tokenization, specifically real estate. Ali explains why real estate tokenization, despite its exciting pitch of liquidity and fractional ownership, has largely failed due to regulatory complexities, liquidity illusions, and unclear value propositions. He offers insights into current approaches and suggests practical changes that could make real estate tokenization viable, such as focusing on tokenizing real estate funds or REITs and being honest about liquidity. Ali also shares lessons applicable to other asset classes and previews upcoming episodes covering tokenized treasuries, public equity, and private equity. 00:00 Introduction to Module Four: Real World Asset Tokenization 00:56 The Hype and Promise of Real Estate Tokenization 02:09 Why Real Estate Tokenization Has Failed 04:13 Structural Challenges in Real Estate Tokenization 05:57 Examples of Failed Tokenization Projects 07:52 What Needs to Change for Real Estate Tokenization to Succeed 09:49 Potential Models for Successful Tokenization 14:17 Lessons for Tokenizing Other Asset Classes 15:32 Investor Advice and Looking Ahead 18:08 Conclusion and Future Topics Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 14

Understanding the Risks of Investing in Treasury Companies In the latest episode of Old Men New Money, Douglas Borthwick delves into the various risks associated with investing in corporate treasury companies that are heavily involved in crypto assets. The episode covers seven major risk categories including asset price risk, NAV premium compression, dilution, debt leverage, regulatory issues, key person risk, and execution risk. Borthwick emphasizes the importance of understanding and managing these risks, especially in volatile market conditions, and provides guidance on position sizing, monitoring metrics, and establishing clear exit rules. He also cautions against treating these investments as conservative or core holdings, recommending them only for those with high risk tolerance and speculative capital. 00:00 Introduction to Corporate Treasury Strategies 00:45 Understanding Major Risk Categories 02:37 Asset Price Risk Explained 04:14 NAV Premium Compression 05:46 Dilution Risks 06:56 Debt and Leverage Risks 08:14 Regulatory and Legal Risks 09:36 Key Person Risk 10:46 Execution Risk 12:20 Competition and Technological Disruption 15:23 Managing Risks and Position Sizing 16:30 Who Should and Shouldn't Invest 18:09 Final Thoughts and Next Module Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 13

Understanding SOL Strategies: The Future of Treasury Companies In this episode of 'Old Men New Money,' Douglas Borthwick explores SOL Strategies (ticker: STKE), a pioneering Solana Treasury company that goes beyond simple asset accumulation. Unlike other treasury companies, SOL Strategies also operates validator infrastructure, earning fees from institutional clients and building a recurring revenue business. They manage over 3.6 million SOL and provide staking services for major institutions like ARC Invest and VanEck. The episode delves into their revenue streams, including staking yield, validator fees, and purchasing locked SOL at a 15% discount from the Solana Foundation. Borthwick also discusses why Solana's high throughput and low-cost blockchain make it the ideal platform for institutional applications. The episode concludes with an analysis of risks and strategic advantages, positioning SOL Strategies as a model for the future of treasury companies. 00:00 Introduction to SOL Strategies 00:48 Overview of SOL Strategies 06:28 Revenue Streams Explained 08:19 Validator Economics and Operations 12:02 Institutional Partnerships and Clients 15:36 Risks and Challenges 19:18 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 12

Bitmine's Ambitious Ethereum Accumulation Strategy Explained In this episode of Old Men New Money, host Douglas Borthwick delves into Bitmine's strategic pivot from Bitcoin mining to becoming the world's largest Ethereum treasury. Led by Tom Lee of Fundstrat, Bitmine aims to accumulate 5% of all Ethereum by leveraging capital markets and staking ETH for yield. This episode examines the differences between Bitcoin and Ethereum as assets, Bitmine's innovative immersion cooling technology, and the company's ambitious goal to position itself as a primary counterparty for institutional Ethereum transactions. The episode also highlights the risks involved and compares Bitmine's model to MicroStrategy's Bitcoin accumulation approach. 00:00 Introduction to Corporate Treasury Strategies 00:19 Bitmine's Bold Ethereum Strategy 01:10 Tom Lee's Vision and Strategic Pivot 01:43 Ethereum's Supercycle and Institutional Adoption 03:14 Bitmine's Accumulation and Staking Strategy 08:19 Liquidity and Market Position 09:09 Valuation and Future Prospects 13:37 Risks and Comparisons 15:59 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 10

Understanding Treasury Companies: The Strategy Playbook In this episode of Old Men New Money, Douglas Borthwick introduces module three of the educational series, focusing on treasury companies that use their corporate balance sheets to accumulate crypto assets, primarily Bitcoin. Borthwick explores the pioneering case of MicroStrategy, now called Strategy, which began converting its corporate treasury into Bitcoin in August 2020. The episode details Strategy’s financial engineering tactics, their Bitcoin yield metrics, and the associated risks. It also discusses the broader market implications, highlighting how over 70 public companies have adopted similar strategies. The episode concludes by emphasizing the critical role of Bitcoin’s price trajectory in the success of these treasury companies. 00:00 Introduction to Module Three 00:14 The Rise of Treasury Companies 00:36 MicroStrategy's Bold Move 01:16 Understanding the Strategy Playbook 04:21 Financial Engineering and Bitcoin Yield 09:32 Valuation and Market Dynamics 17:42 Risks and Considerations 22:53 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 6

Demystifying Digital Wallets and Key Management In this episode of Old Men New Money, Douglas Borthwick addresses the fears traditional investors have about digital securities, specifically focusing on private keys and digital wallets. He explains the importance of digital wallets, how custody works, and why security tokens offer safety advantages over pure cryptocurrencies. Douglas clarifies key concepts such as hot and cold wallets, seed phrases, and multisignature wallets, providing insights on the security and practicality of each option. He also discusses the regulatory landscape for digital asset custody, the role of custodians, and the future developments in the field. Key takeaways include understanding the critical nature of seed phrases, practicing wallet setup, and considering custodial versus non-custodial solutions. 00:00 Introduction to Digital Securities 00:51 Understanding Digital Wallets 03:21 Hot Wallets vs Cold Wallets 05:47 The Importance of Seed Phrases 07:00 Custodial vs Non-Custodial Wallets 09:31 Multisig Wallets for Institutional Custody 10:25 Common Mistakes and Best Practices 11:32 Popular Wallet Options 12:45 Regulatory Perspective on Custody 14:53 Future of Digital Custody 16:04 Practical Steps for Secure Custody 16:58 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 5

Stablecoins: The Unsung Heroes of Digital Finance In this episode of 'Old Men New Money,' Douglas Borthwick delves into the significance of stablecoins—cryptocurrencies pegged to stable assets like the US dollar. With over $284 billion in circulation as of October 2025, stablecoins are revolutionizing financial transactions by providing instant, low-cost, 24/7 global transfers. Borthwick explains how stablecoins like USDT, USDC, PY Dollar, and DAI operate, their regulatory landscapes, and their crucial role in digital securities and decentralized finance (DeFi). He highlights the advantages of stablecoins over traditional banking methods, their growing adoption by major institutions like PayPal and Visa, and the potential risks and future of stablecoins in the financial ecosystem. 00:00 Introduction to Stable Coins 00:44 What Are Stable Coins? 03:25 The Main Players in Stable Coins 05:23 How Stable Coins Maintain Their Value 06:56 Stable Coins in Digital Securities 08:24 Regulation and Compliance 09:47 Stable Coins in Decentralized Finance (DeFi) 10:54 The Growing Adoption of Stable Coins 13:36 Potential Risks and Challenges 15:00 Central Bank Digital Currencies (CBDCs) 16:03 Practical Steps and Conclusion Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 4

Ethereum vs. Solana: The Future of Tokenized Equity In this episode of 'Old Men New Money,' Douglas Borthwick discusses the major infrastructure decision in digital securities: Ethereum versus Solana. He highlights Galaxy Digital's choice to tokenize NASDAQ-listed shares on Solana, marking a significant shift from Ethereum due to Solana's high performance and lower costs. Borthwick argues that while Ethereum has institutional credibility and regulatory comfort, it falls short in terms of transaction speed and cost compared to Solana. He provides a detailed comparison of the two blockchains, emphasizing Solana's advantages for high-frequency trading and consumer-facing applications. Borthwick concludes that trends in developer migration and transaction volume favor Solana, marking it as the future leader in smart contract platforms. The episode also teases a future discussion on stablecoins. 00:00 Introduction to the Debate: Ethereum vs. Solana 00:12 Galaxy Digital's Groundbreaking Move 00:58 Ethereum vs. Solana: A Performance Comparison 02:26 The Regulatory Shift and Its Implications 04:42 Ethereum's Struggles in High-Frequency Markets 05:27 Why Solana is the Future for High Throughput Applications 06:31 Developer Migration to Solana 07:36 Solana's Real-World Usage and Efficiency 09:48 The Layer Two Debate and Solana's Unified Approach 10:40 Ethereum's Strengths and Limitations 11:42 Solana's Security and Network Stability 14:19 Future Predictions and Strategic Advice 18:07 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Nov 3

Blockchain Basics: Understanding the Technology that Powers Digital Securities In this episode of Old Men New Money, Douglas Borthwick begins module two of the educational series on digital securities, focusing on blockchain technology. He explains what a blockchain is, its security features, and the differences between public and private blockchains. The episode covers the benefits of blockchain for finance, including instant settlement, fractional ownership, and programmable compliance. Borthwick emphasizes the importance of understanding the technology as major financial institutions implement blockchain strategies. He also discusses the economic models of various blockchains and highlights their adoption and risks. The concluding advice urges finance professionals to gain hands-on experience and follow thought leaders in the blockchain space. 00:00 Introduction to Module Two: Blockchain Technology 00:53 Understanding Blockchain Basics 01:38 The Importance of Blockchain in Finance 02:32 How Blockchain Settlement Works 03:39 Detailed Explanation of Blockchain Mechanics 06:16 Public vs. Private Blockchains 07:47 Smart Contracts and Their Impact 09:05 Blockchain's Advantages for Digital Securities 10:46 Decentralization and Its Significance 13:34 Performance and Scalability of Blockchains 15:00 Consensus Mechanisms Explained 16:11 Current Blockchain Adoption and Statistics 17:15 Risks and Challenges of Blockchain 18:22 Practical Steps to Engage with Blockchain 19:31 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Oct 30

The Critical Role of Infrastructure in Digital Securities In this episode of Old Men New Money, Douglas Borthwick discusses the often-overlooked but essential role of infrastructure in the digital securities market. He emphasizes the importance of alternative trading systems, transfer agents, and custodians in ensuring the smooth functioning of digital securities. Douglas draws from his experience at INX to explain how they built their own infrastructure to support digital assets, including the acquisition of Open Finance and Tokensoft's transfer agent. He explains the different custody models, the role of transfer agents in maintaining accurate records and compliance, and the challenges ATSs face in achieving liquidity. The episode concludes with an outlook for the future of digital securities infrastructure and practical advice for issuers and investors. This comprehensive discussion highlights the critical importance of robust infrastructure in the success and growth of the digital securities market. 00:00 Introduction to Digital Securities Infrastructure 00:10 The Importance of Infrastructure in Digital Securities 00:44 Building the Necessary Infrastructure 01:09 Critical Components of Digital Securities Infrastructure 03:20 Custody Models and Providers 07:08 Role of Transfer Agents 10:41 Trading Venues and Market Liquidity 15:39 Global Developments and Regulatory Landscape 20:00 Future of Digital Securities Infrastructure 21:15 Practical Advice for Issuers and Investors 24:10 Conclusion and Future Modules Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Oct 29

The Complete Guide to Security Token Offerings (STOs): Costs, Process, and Pitfalls In this episode of Old Men, New Money, Douglas Borthwick demystifies the intricate process of Security Token Offerings (STOs). He details the entire journey from planning to execution, highlighting key parties involved: issuers, securities lawyers, blockchain developers, transfer agents, broker dealers, and custody providers. The episode breaks down costs, timelines, and common pitfalls that companies face. Borthwick draws from his experience at INX, providing practical insights into legal documentation, smart contract creation, investor relations, and compliance. The episode serves as a comprehensive guide for companies considering STOs, underlining the importance of professional execution. 00:00 Introduction to Security Token Offerings 00:14 Understanding the STO Process 02:02 Key Players in an STO 04:44 Detailed Breakdown of the STO Timeline 13:48 Common Mistakes and How to Avoid Them 15:31 Successful STO Case Study: INX 17:17 Practical Advice for STOs 19:05 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Oct 28

Navigating the Regulatory Maze for Digital Securities: Reg D, Reg S, and Reg CF Explained In this episode of 'Old Men New Money,' Douglas Borthwick delves into the complexities of regulatory frameworks surrounding digital securities. Focused on SEC's Reg D, Reg S, and Reg CF, Borthwick highlights the importance of understanding these regulations to avoid financial losses. He shares insights from his experience at INX, discussing the challenges and benefits of complying with these exemptions. The episode covers the specifics of each regulation, reporting requirements, resale restrictions, and common mistakes companies make. This foundational understanding is crucial for investors and founders to navigate the evolving landscape of digital securities successfully. 00:00 Introduction to Regulatory Roadmap 00:27 Importance of Understanding Regulations 01:10 Overview of Regulatory Exemptions 03:26 Deep Dive into Reg D 05:52 Exploring Reg S 07:09 Understanding Reg CF 08:00 Full Registration Process 09:09 Compliance and Common Mistakes 12:00 Future of Digital Securities Regulations 12:47 Practical Advice for Investors and Founders 13:35 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Oct 27

Understanding Digital Securities: Distinguishing from Crypto In this episode of Old Men New Money, Douglas Borthwick clarifies the crucial differences between digital securities and cryptocurrencies, dispelling common misconceptions. Drawing from his experience as Chief Business Officer at INX, Borthwick explains how digital securities represent actual securities like stocks and bonds on the blockchain, regulated by the SEC, unlike cryptocurrencies which are considered commodities. He discusses the advantages of digital securities, including instant settlement, 24/7 markets, and legal protections, citing examples from key industry players like BlackRock, Galaxy Digital, and INX. Borthwick also highlights the potential growth and challenges within the space, emphasizing the need for education and adaptation in the traditional finance sector. 00:00 Introduction to Digital Securities 00:42 Understanding Digital Securities vs. Cryptocurrencies 02:52 Types of Blockchain Tokens 04:20 The Howey Test and Security Tokens 06:04 The Advantages of Digital Securities 07:15 Real-World Examples and Success Stories 09:16 The Future of Digital Securities 09:55 Risks and Challenges in Digital Securities 11:14 Traditional Finance vs. Blockchain 13:04 Actionable Steps and Conclusion Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Oct 19

Episode Summary: Douglas Borthwick reveals why Galaxy Digital's decision to tokenize their NASDAQ-listed shares on Solana—not Ethereum—signals a seismic shift in blockchain adoption. This historic SEC-registered public equity tokenization exposes the trillion-dollar infrastructure mistake Wall Street is making by betting on brand recognition over performance. Key Insights: Solana processes 40x more transactions than Ethereum with 10,000x lower fees ($0.00025 vs $20-50) 93.5 million daily transactions in Q3 2025 vs Ethereum's 1.6 million Solana captured 81% of all blockchain DEX transactions and 43% of global DEX volume First time since 2016 a blockchain attracted more developers than Ethereum (7,625 vs 6,456) Transaction finality dropping to 150 milliseconds with Alpenglow upgrade $271 million in Q2 2025 network revenue —leading all blockchains for 3 consecutive quarters Douglas Borthwick, who was part of the INX team behind the first SEC-registered security token offering, explains why traditional finance institutions like BlackRock, JPMorgan, and Franklin Templeton are backing the wrong blockchain for public markets. Episode Timestamps: 00:00 - Introduction: Galaxy Digital's Groundbreaking Solana Tokenization 01:01 - Why Wall Street Defaults to Ethereum (And Why That's Wrong) 02:20 - Shocking Performance Data: Solana's 85x Transaction Advantage 05:12 - The Performance Gap That Matters: Speed, Cost & Finality 08:29 - Stablecoin Efficiency: Why Each Solana Dollar Works 8x Harder 11:01 - Debunking the "Security vs Speed" Myth 12:44 - The Coming Migration: What Happens in Next 24 Months 16:46 - Final Takeaway: Why TradFi Needs to Wake Up Now Topics Covered: Blockchain comparison, Ethereum vs Solana, cryptocurrency adoption, DeFi, decentralized exchanges (DEX), stablecoins, tokenized securities, SEC regulations, institutional blockchain, Web3, public equity tokenization, transaction throughput, gas fees, developer migration, Alpenglow upgrade Host: Douglas Borthwick | Follow on X: @DCBorthwickLearn more at OldMenNewMoney.com Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Oct 17

Crypto Treasuries: Bitcoin, Ethereum, and Solana Strategic Plays In this episode of 'Old Men New Money,' Douglas Borthwick explores the emerging trend of corporations leveraging cryptocurrencies within their treasury models. Starting with MicroStrategy's pioneering move to convert its treasury into Bitcoin in 2020, the landscape now includes a variety of approaches: MicroStrategy (rebranded to Strategy) focusing on Bitcoin, Bit Mine on Ethereum, and Solve Strategies on Solana. Borthwick breaks down the operations, risks, yields, and strategic advantages of each model, highlighting their unique approaches to financing and revenue generation. Suitable for those looking to understand different corporate cryptocurrency treasury strategies and their potential impact on portfolios. 00:00 Introduction to Crypto Treasury Companies 01:36 MicroStrategy's Bitcoin Strategy 04:35 Bit Mine's Ethereum Accumulation 07:19 Solana Infrastructure with Saul's Strategies 11:05 Comparing the Three Models 14:35 Investment Risks and Considerations 15:50 Choosing the Right Crypto Treasury Company 16:46 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Oct 15

Solana: The Next Generation of Blockchain Technology The podcast discusses the unprecedented evaporation of $19 billion in crypto positions on October 11, 2025, emphasizing Solana's resilience in handling high transaction volumes. Using an analogy of the 1800s railroad boom, the speaker compares Solana to pioneering railroads that succeeded due to their high traffic, low costs, and reliability. The script explains how Solana's blockchain works, the role of SOL as fuel, and how validators maintain the network while earning rewards. It also guides regular people on how to buy and stake SOL for passive income, highlights Solana's capacity for supporting decentralized apps, and addresses the risks of crypto volatility. Ultimately, the podcast underscores the significance of Solana's technology in the evolving blockchain landscape. 00:00 Introduction: The $19 Billion Crypto Crash 01:03 The Railroad Analogy: Understanding Solana 02:13 How Blockchains Actually Work 03:03 The Validators: Keeping Solana Running 04:11 How Regular People Get Involved 04:48 Staking Your SOL: Earning Passive Income 05:47 What Actually Runs on Solana 06:48 The Actual Numbers: Solana's Performance 08:28 The Risks You Need to Know 09:34 The Bigger Picture: Blockchain's Future 10:39 Outro: Getting Started with Solana Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Aug 8

Digital Securities and Consumer Equity: The Revolution and Risks In this episode, Phil Larmon, Ali Davoudi, and Douglas Borthwick discuss the implications of the new Genius Act and Clarity Act on the economy, specifically focusing on the rise of digital securities and consumer equity - What ouglas calls The Insumer Model. They delve into the potential for stablecoins and digital wallets becoming ubiquitous, transforming how consumers and investors interact. The conversation touches on issues of interoperability among digital security platforms, potential benefits for shareholders in consumer loyalty models, and the challenges and risks companies might face in implementing such systems. Concerns about privacy, liability, and the feasibility of peer-to-peer trading without intermediary platforms are debated, highlighting the complex landscape and the need for more thorough discussion and planning. 00:00 Introduction and Episode Kickoff 00:56 The Impact of the Genius Act and Clarity Act 01:58 Understanding Digital Securities and Consumer Models 02:26 Practical Applications and Benefits of Digital Securities 05:01 Challenges and Considerations in Digital Securities 05:29 Future of Payments and Loyalty Programs 08:12 Equity Ownership and Consumer Privacy Concerns 09:21 Debating the Viability of Tokenized Equity 10:54 Potential Issues and Real-World Examples 13:54 The Need for Thoughtful Implementation 24:01 Conclusion and Final Thoughts 26:30 Costco Gold Purchase Dilemma 27:50 Crypto Arbitrage and Kimchi Premium 28:46 Tokenization and Equity Concerns 30:07 Universal Basic Income and COVID 30:29 Naked Shorting and GameStop 33:10 Digital Securities and NFTs 45:27 Strategic Reserves and National Security 47:58 Fiat Money and Economic Constructs 48:14 Concluding Thoughts and Future Discussions Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Jun 19

The Rise of Investment Crowdfunding with Yvan De Munck In this episode of 'Old Men, New Money,' hosts Phil Larmon and Douglas Borthwick interview Yvan De Munck, an expert in investment crowdfunding. Yvan shares his extensive experience in the crowdfunding space, tracing the evolution from early platforms like Lending Club to the current possibilities in investment crowdfunding. He discusses the benefits of using data analytics to predict successful crowdfunding investments and how platforms like CClear.ai can empower individual investors to act like VCs. Yvan also touches on how the industry is set to explode, driven by increased participation, the rise of tokenization, and the potential for investment crowdfunding to rival traditional VC models. 00:00 Introduction and Social Media Promotion 01:03 Interview with Yvan De Munck: Investment Crowdfunding Expert 01:43 Yvan's Journey into Crowdfunding 02:16 The Birth of Lending Club and Marketplace Lending 04:16 Institutionalization of Crowdfunding 07:07 The Rise of Online Lending 09:23 Investment Crowdfunding vs. Venture Capital 10:54 The Role of Data in Crowdfunding Success 12:47 CClear.ai and the Future of Crowdfunding 14:19 Competitive Benchmarking and Market Insights 16:04 The Importance of Data in Crowdfunding 18:47 Capital Pulse Ratings and Offering Insights 25:50 Understanding Platform Incentives 27:15 The Role of Community in Crowdfunding Success 28:04 Examples of Successful Crowdfunding Exits 29:23 Analyzing Crowdfunding Success Rates 32:15 Marketing Strategies for Crowdfunding 33:46 The Importance of Digital Marketing 34:35 Investor Ratings and Metrics 40:55 VC Involvement in Crowdfunding 44:12 The Future of Tokenization and Liquidity 47:23 Final Thoughts and Conclusion Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Jun 10

Revolutionizing Trucking Finance with Blockchain: A Conversation with Todd Ziegler In this episode of Old Man, New Money, Ali Davoudi and Douglas Borthwick speak with Todd Ziegler, CEO of TCS Blockchain. Todd explains how TCS is transforming the trucking industry by addressing the high cost of capital, a major problem in the $2 trillion US supply chain. Utilizing blockchain technology, TCS offers faster and cheaper settlements for transportation companies by disintermediating traditional factoring companies. Todd shares his journey from the trucking industry to blockchain, detailing the benefits of their ERC 20 token on the INX platform, and how it significantly reduces costs for truckers. The episode delves into the complexities of factoring, the inefficiencies in current systems, and TCS's innovative solutions, including potential scaling into other industries. Learn More Here: https://www.tcsblockchain.com/ 00:00 Introduction to the Guest and TCS Blockchain 00:59 Todd Ziegler's Background and Entry into Blockchain 02:43 Challenges in the Trucking Industry 04:27 Factoring in the Trucking Industry 10:53 TCS Blockchain's Solution for Truckers 19:10 How TCS Token Works 21:44 Understanding Secondary Market Participation 22:11 Regulatory Environment and Future Incentives 24:15 Factoring Beyond Trucking 24:38 Scaling and Industry Expansion 25:48 Challenges and Opportunities in Factoring 26:59 Acquisition Interest and Market Position 28:15 Blockchain and Digital Assets in B2B Settlement 29:28 Current Operations and Future Plans 31:05 Funding and Capital Management 39:21 Crowdfunding and Token Economics 41:37 Conclusion and Contact Information Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

May 11

The Bitcoin Boom: Strategic Acquisitions and State-Level Legislation In this episode of Old Men New Money, hosts Douglas Borthwick and Ali Davoudi discuss the latest trends and major moves in the Bitcoin and cryptocurrency markets. They delve into MicroStrategy's aggressive Bitcoin accumulation strategy led by Michael Saylor, the company's rebranding, and its growing influence. Other key topics include the involvement of major players like Meta Planet, 21 Co, and Cantors and Tether in the Bitcoin race. They also discuss mergers and acquisitions in the crypto space, highlighting Coinbase's $2.9 billion acquisition of Deribit and Jump Trading's investment in Securitize. Additionally, they address the state-level Bitcoin reserve legislation passed by New Hampshire and Arizona, and the potential of Texas joining in. The discussion extends to the Genius Act, its blockage in Congress, and Coinbase's alleged role in it. The episode concludes with a preview of upcoming guest Dennis Porter, who will share insights on state-level Bitcoin initiatives. 00:00 Introduction and Subscriptions 00:42 Episode Overview and Topics 01:17 MicroStrategy and Bitcoin Strategy 03:40 Bitcoin as a Store of Value 07:00 MicroStrategy's Market Moves 11:52 Financial Engineering and Bitcoin Lending 15:08 Concerns with Traditional Finance 18:27 US Bitcoin Reserve and Accumulation Strategies 21:00 Government's Bitcoin Strategy 21:54 US States Embrace Bitcoin 22:50 Bitcoin's Scarcity and Value 24:10 Bitcoin as a Store of Value 25:11 Bitcoin vs Traditional Finance 25:48 Understanding Bitcoin Investment 32:25 Institutional Adoption of Crypto 34:53 Regulatory Challenges and M&A News 38:51 Conclusion and Upcoming Interviews Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Mar 20

Old Men, New Money: Bitcoin, AI, and the Future of Digital Assets In this episode of 'Old Men, New Money,' hosts Phil Larmon and Douglas Borthwick delve into the rising influence of Michael Saylor and MicroStrategy's Bitcoin strategies. The discussion expands to potential government adoption of Bitcoin for strategic reserves and the economic implications. They also explore the impact of AI on job markets and corporate profits, as well as the transformative potential of blockchain for various sectors. Memecoins and digital securities receive brief mentions, reflecting ongoing trends and regulatory shifts in the digital asset landscape. 00:00 Introduction and Announcements 00:45 Michael Saylor and MicroStrategy's Bitcoin Strategy 02:57 Government and Institutional Adoption of Bitcoin 05:23 State-Level Bitcoin Initiatives 06:28 Economic Factors Affecting Bitcoin Prices 18:52 Meme Coins and Altcoins Discussion 30:25 AI and Its Impact on Jobs and Investments 34:37 Closing Remarks and Future Outlook Subscribe to our Weekly Newsletter on LinkedIn : Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Feb 24

Revolutionizing Sports Fandom with Blockchain: An Interview with Sandy Khaund of Credenza In this episode of Old Men, New Money, hosts Phil Larmon and Douglas Borthwick interview Sandy Khaund, the CEO of Credenza. Sandy discusses his journey from engineering roles at major companies to founding a blockchain ticketing company, Upgraded, which was later acquired by Ticketmaster. The conversation dives into the potential of blockchain in sports and entertainment, focusing on how Credenza leverages blockchain technology to enhance fan experiences, integrate disparate data systems, and provide personalized engagement. Sandy elaborates on the concept of pseudonymous identity and how blockchain can offer secure, personalized, and innovative solutions for sports teams, fans, and sponsors alike. The episode also touches on exciting use cases with the St. Louis Blues and the broader implications for digital identity and micropayments in the sports industry. 00:00 Introduction and Host Greetings 00:20 Guest Introduction: Sandy Khaund 00:48 Sandy's Career Journey 01:30 Blockchain Ticketing with Upgraded 03:59 Challenges and Innovations in Ticketing 09:11 The Future of Blockchain in Ticketing 20:04 Digital Identity and Blockchain 29:08 Decentralized Autonomous Organizations (DAOs) 34:14 Digital Identity and the Digital Divide 35:36 Biometrics and Privacy Concerns 38:10 Introduction to Credenza 39:37 The Future of Personalized Fan Experiences 41:51 Blockchain and Pseudonymized Identities 46:36 Monetizing Sports Fandom 57:25 Fan Ownership and Private Equity 01:06:38 Conclusion and Final ThoughtsJoin us in staying updated with the latest by subscribing to our channels on YouTube , Spotify , and iTunes . Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Feb 17

Jameson Lopp Discusses Bitcoin Security, Cypherpunk Ideals, and Self-Custody Solutions In this episode, hosts Phil Larmon, Ali Davoudi, and Douglas Borthwick of 'Old Men, New Money' interview Jameson Lopp, a noted figure in the Bitcoin and cybersecurity space. Jameson shares his background in computer science and his journey into the world of Bitcoin. He explains the origins of Bitcoin within the cypherpunk movement and discusses its foundational principles of privacy and encryption. The conversation delves deep into Bitcoin's security features, including the concept of multi-key (multisig) security that Jameson’s company CASA specializes in. They explore CASA's innovative services for personal and enterprise Bitcoin security, including inheritance solutions, and discuss contemporary digital threats such as social engineering. Jameson also shares his concerns about the potential centralization risks posed by Bitcoin ETFs and paper Bitcoin. The episode highlights the importance of education and self-custody in the cryptocurrency world. The show concludes with Jameson promoting educational resources and encouraging the audience to take control of their digital assets. 00:00 Introduction and Hosts 00:22 Guest Introduction: Jameson Lopp 00:44 Jameson's Background and Bitcoin Journey 01:23 Understanding Cypherpunks and Bitcoin Security 06:07 Quantum Computing and Bitcoin 10:12 CASA: The Evolution and Security Focus 16:53 Inheritance Solutions for Bitcoin 25:11 Enterprise Solutions and Future Prospects 27:11 White Collar Professionals and Bitcoin 27:40 Evolution of the Customer Base 28:33 Expanding Beyond Bitcoin 29:31 Leadership Changes and Challenges 31:28 Security Trends and Threats 35:45 Personal Experiences with Cyber Attacks 39:37 Advice for Bitcoin Security 45:43 Concerns About Bitcoin Centralization 49:36 Closing Thoughts and Recommendations Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Feb 3

Wendy Starland: Transforming Music with Blockchain and MusicSoul In this episode of Old Men, New Money, hosts Phil Larmon, Ali Davoudi, and Douglas Borthwick interview Wendy Starland, a renowned singer-songwriter and co-founder of MusicSoul. Wendy discusses her journey from being a Universal recording artist to discovering and developing Lady Gaga. She shares her diverse musical background and influences, including working with artists like Jack White, Sheryl Crow, and Wu-Tang Clan. Wendy delves into the problems in the music industry, such as monetizing music and the challenges artists face today. She introduces MusicSoul, a new music streaming platform she co-founded that aims to create a middle class for musicians by paying artists 70% of streaming and advertising revenues. The platform also integrates social media engagement, blockchain technology, and offers a marketplace. Wendy emphasizes the potential of MusicSoul to revolutionize the music industry by removing financial hurdles for artists and providing brands a new way to connect with consumers. 00:00 Introduction and Guest Introduction 00:38 Wendy Starland's Musical Journey 02:34 Discovering Lady Gaga 05:19 Music Industry Insights and Tokenization 08:25 Married to Music: A Personal Anecdote 13:05 Musical Inspirations and Career Highlights 19:47 Impact of Social Media on Music 22:25 Advice for Aspiring Artists 25:49 Introducing MusicSoul 26:45 The Harsh Reality of Music Streaming 27:35 Creating a Middle Class for Musicians 27:41 How AI Matches Artists with Brands 29:41 Advertising Integration in Music Soul 30:53 Global Reach and Licensing 32:06 Empowering Artists and Consumers 35:59 Building a Super App for Music 39:42 Challenges and Future Prospects 46:33 Engaging Brands and Investors 48:06 Conclusion and Contact Information Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Jan 30

Old Men, New Money: The Trump Coin Controversy and Beyond In this episode of 'Old Men, New Money,' hosts Phil Larmon, Ali Davoudi, and Douglas Borthwick discuss the recent developments in the cryptocurrency world, especially focusing on Trump's involvement with the Trump Coin and its implications. They explore the significance of meme coins, the transparency of blockchain, and the role of prominent political figures in the crypto space. The conversation also covers various other crypto topics such as the potential impact of Elon Musk's X payments, the role of Dogecoin, and the strategic use of XRP. They delve into the increasing interest from central banks and governments in Bitcoin, highlighting how institutional participation influences market dynamics. Additionally, the discussion touches on tokenization of pre-IPO stocks and the future of crypto-friendly administration. Closing the episode, they tease an upcoming interview with Wendy Starland who will discuss blockchain's role in the music industry. 00:00 Introduction of the Full Crew 00:09 Trump Coin Controversy 06:05 Crypto Market Dynamics 10:09 Ripple and XRP Debate 13:30 Bitcoin's Institutional Adoption 18:48 Synthetic Contracts and Market Manipulation 21:37 Elon Musk and X Payments 21:58 Exploring the Super App Concept 23:05 Deep Seek: A New AI Competitor 24:06 Implications of AI Advancements 30:54 Tokenized Pre-IPO Stocks 36:00 MicroStrategy and Bitcoin Investments 40:37 Banks and Bitcoin Custody 44:45 Conclusion and Upcoming Interview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Jan 29

Meet Ali Davoudi: From Bitcoin Maximalist to Aviation Tycoon In this episode of 'Old Men, New Money,' hosts Phil Larmon and Douglas Borthwick welcome their new permanent crew member, Ali Davoudi. Ali, a long-time acquaintance of Phil's, shares his journey into the world of cryptocurrency, starting with his skepticism about the TARP Act in 2011. As a staunch Bitcoin maximalist, he discusses his distrust in central banks and other altcoins. Ali's career spans numerous ventures, from running a successful software company and dabbling in online tobacco sales to owning a minority stake in Million Air, a private aviation company, and other diverse businesses. He highlights his extensive entrepreneurial background, his unique entry into aviation, and the broader implications of blockchain technology in various industries. 00:00 Introduction to the Hosts 00:23 Ali Davoudi's Journey into Crypto 01:50 Bitcoin Maximalism and Investment Philosophy 03:21 Ali's Professional Background 04:48 Venturing into Aviation 11:18 Blockchain in Various Industries 13:07 Conclusion and Farewell Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Jan 8

In the first episode of season two, hosts Phil Larmon and Douglas Borthwick ring in the New Year 2025, discussing key trends and predictions for Bitcoin and the broader cryptocurrency landscape. The episode features an in-depth analysis of Michael Saylor's strategic investments through MicroStrategy, the impact of volatility on new Bitcoin investors, and the potential edge of regulatory changes under Canada, and the incoming Trump administration. They also delve into the growing interest in crypto and large-scale tokenization of assets. Additionally, the hosts introduce a new co-host, Ali Davoudi, set to bring his entrepreneurial expertise and vibrant personality to the show. The episode highlights the increasing subscriber base and continued growth of 'Old Men, New Money,' encouraging listeners to engage and follow on various platforms. 00:00 Welcome to Old Men, New Money 00:56 Michael Saylor's Bitcoin Strategy 04:10 Bitcoin Volatility and Long-Term Strategy 07:16 Nation States and Strategic Bitcoin Reserves 14:30 XRP's Comeback and Regulatory Changes 18:04 Tokenization of Assets and Future of Trading 25:34 AI's Impact on Financial Markets 29:35 Introducing New Co-Host Ali Davoudi 30:54 Season 2 Kickoff and Future Plans Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 7, 2024

Exploring the Future of Treasure Hunting with Cutting-Edge Technology: An Interview with the Team Behind Treasure Experience In this episode of 'Old Men, New Money,' hosts Phil Larmon and Douglas Borthwick sit down with Marc and Krist Geriene, CEOs of Treasure Experience, along with CTO Mike Bomhoff. The discussion dives into the pioneering journey of Treasure Experience, one of the first companies to undertake a security token raise. Marc introduces their commitment to commercial archaeology and marine exploration, focusing on innovative underwater drones for shipwreck recovery. Krist and Mike elaborate on the technological advancements and AI integrations they are utilizing, as well as their past successes in treasure hunting across multiple regions. The conversation transitions to the practical aspects and challenges including piracy, security, and the financial intricacies behind their expeditions. The hosts also explore the media and educational potential of Treasure Experience and its unique approach to engaging a broader audience through digital securities and participatory treasure hunts. 00:00 Introduction to Old Men, New Money 00:13 Meet the Treasure Experience Team 03:52 Innovations in Underwater Technology 08:11 Challenges and Successes in Marine Exploration 10:53 Applications Beyond Treasure Hunting 19:57 Artificial Intelligence in Marine Research 24:06 Collaborations and Future Prospects 25:22 Exciting Past and Future Treasure Hunts 26:15 Krist's Most Valuable Find 27:14 Global Treasure Hunting Adventures 27:42 Upcoming Expeditions and Projects 31:57 Navigating Legal and Jurisdictional Challenges 36:30 Piracy and Security Measures 40:15 Media and Public Engagement 42:36 Digital Security Tokens and Investment 49:32 Conclusion and Future Prospects Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 7, 2024

Navigating the World of Crypto Branding: Sina Nader's Revolutionary Journey In this episode of Old Men, New Money, hosts Phil Larmon and Douglas Borthwick are joined by Sina Nader, a prominent figure in the crypto world. Sina discusses his dynamic career, which includes significant roles at Robinhood, FTX, and Mysten Labs. He shares his journey from Wall Street to becoming a key player in the crypto industry, emphasizing the emotional and human elements behind major business decisions. Sina also reveals his latest venture, PARTI, a media platform with integrated financial services, aimed at providing creators with better revenue-sharing opportunities and instant payments. This episode provides a deep dive into Sina's experiences, insights, and his views on the future of crypto and digital securities. 00:00 Introduction to Old Men, New Money 00:10 Meet Sina Nader: Crypto Pioneer 00:49 Sina's Journey: From Wall Street to Crypto 01:50 Building Robinhood's Crypto Platform 07:08 FTX: From Operations to Brand Building 09:33 Celebrity Endorsements and Marketing Strategies 17:24 Personal Insights and Experiences 20:43 Crypto in Sports: MLB Partnership 21:25 MLB and Crypto: A New Frontier 22:41 Targeting Crypto Users: Strategies and Challenges 25:28 Crypto in Sports and Entertainment 29:17 Reflecting on FTX and Moving Forward 38:25 Introducing PARTI: A New Venture Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 7, 2024

Old Men, New Money: Bitcoin Adoption with Samson Mow from JAN3 In this episode of 'Old Men, New Money,' hosts Phil Larmon and Douglas Borthwick interview Samson Mow from JAN3. Samson shares his background in game development and his transition to focusing on Bitcoin adoption at the nation-state level. He explains JAN3's mission to help countries utilize wasted energy resources for Bitcoin mining and the broader strategies for adopting Bitcoin as legal tender, mining, or as a reserve asset. The conversation delves into the geopolitical implications of Bitcoin, China's potential strategy, and the importance of early adoption. The discussion also touches on U.S. regulatory attitudes towards Bitcoin and its potential future role in the economy, leading to the idea of 'hyper Bitcoinization.' Samson predicts a significant rise in Bitcoin's value and advocates for early investment and widespread adoption. The episode concludes with a call to action for listeners to support JAN3's mission and invest in Bitcoin. 00:00 Introduction and Guest Welcome 00:36 Samson Mow's Background and JAN3 01:20 Bitcoin Strategies for Nations 02:24 Challenges and Opportunities in Bitcoin Mining 05:26 Political Landscape and Bitcoin 08:48 Global Adoption and Future of Bitcoin 12:59 The Omega Candle and Market Dynamics 19:03 Bitcoin as Money and Real Estate Implications 25:41 Closing Thoughts and Call to Action Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 5, 2024

Exploring ProMeet: A New Era of Blockchain-Powered Online Monetization In this episode of 'Old Men, New Money,' hosts Phil Larmon and Douglas Borthwick are joined by Jon Azeroual, the founder of ProMeet. Jon shares his journey from traditional finance to the crypto world, discussing his previous ventures and the inception of ProMeet. ProMeet is introduced as a tool that revolutionizes online monetization by integrating video conferencing, streaming, and transactional layers with blockchain technology. Jon elaborates on the benefits of ProMeet, such as instant payments, global accessibility, and ease of use, while emphasizing its potential to transform how creators, consultants, and event organizers monetize their content. The discussion also touches on the broader implications of blockchain in financial markets and the differences between ProMeet and other platforms like OnlyFans. The episode ends with a look at future usage scenarios and the real-world impact of ProMeet's innovative approach. 00:00 Introduction and Guest Welcome 00:35 Jon's Background in Finance and Bitcoin 01:47 Early Ventures and INX Experience 03:37 Challenges with Security Tokens 03:57 Regulatory Hurdles and Market Dynamics 16:35 ProMeet: Concept and Features 28:32 Understanding USDC and Wallet Setup 29:10 Topping Up Your Wallet: Payment Methods 30:04 Managing Your Balance During Calls 30:50 Comparing ProMeet to OnlyFans 34:03 ProMeet's Unique Features and Benefits 35:26 Monetizing Content on ProMeet 38:52 ProMeet's Market Strategy and Use Cases 45:35 Subscription Models vs. Pay-Per-Use 51:14 Final Thoughts and Future Prospects Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 5, 2024

Exploring Digital Securities and Blockchain Innovations with Richard Johnson of Texture Capital In this episode of 'Old Men, New Money', hosts Phil Larmon and Douglas Borthwick interview Richard Johnson, CEO of Texture Capital. Richard delves into his journey from traditional Wall Street trading to founding Texture Capital in 2019, exploring the potential of digital securities and blockchain technology in capital markets. He discusses the regulatory challenges, advantages of blockchain in security markets, and the importance of secondary trading. The conversation covers various use cases such as real estate, home equity investments, and innovative models like tokenizing racehorses and NFL player earnings. The discussion highlights the intersection of finance, technology, and regulation, providing insights into the future of digital securities. 00:00 Introduction to Old Men, New Money 00:25 Richard Johnson's Journey to Texture Capital 03:00 The Rise of Digital Securities 04:45 Challenges and Opportunities in Tokenization 05:46 Texture Capital's Market Position and Strategy 12:10 Real Estate and Digital Securities 19:21 Investor Trends and Capital Raising 20:17 Marketing Responsibilities and Compliance 22:11 Digital Securities and Web 3.0 25:17 Security Tokens and Utility 28:58 International Investments and Regulations 31:10 Innovative Investment Opportunities 35:41 Celebrity Tokenization and Future Prospects 37:20 Conclusion and Final Thoughts Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 5, 2024

Old Men, New Money: Exploring the Future of Digital Assets with Renata Szkoda In this episode of 'Old Men, New Money,' hosts Phil Larmon and Douglas Borthwick welcome Renata Szkoda, chairwoman of Global DCA and CFO specialized in digital asset businesses. Renata provides insights into her work with digital assets, including her role at Cube Group and INX, and the importance of governance, accountability, integrity, and transparency in the space. She discusses the evolving landscape of digital assets, the role of stablecoins, the significance of blockchain technology, and the necessity for proper disclosure practices. The conversation also touches on how digital assets can revolutionize cross-border payments and democratize investment opportunities globally. Additionally, they explore the regulatory environment and challenges in educating policymakers and the public about the intricacies and potential of digital currencies. 00:00 Introduction and Guest Welcome 00:15 Renata Szkoda's Background and Role 02:23 Core Principles in Digital Assets 04:12 Educating the Industry and Public 05:55 Political Influence on Digital Assets 08:23 Understanding Stablecoins 09:34 Challenges in Policy and Regulation 17:24 Global Perspective on Tokenization 26:17 Reaching Accredited Investors 39:54 Importance of Disclosures in Digital Assets 47:44 Closing Remarks and Final Thoughts Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 5, 2024

Breaking Barriers in Digital Asset Trading: The Rise of Upstream In this episode of 'Old Men, New Money,' hosts Phil Larmon and Douglas Borthwick introduce Mark Elenowitz and Brian Collins, co-founders of Horizon Fintechs and the innovative digital asset marketplace, Upstream. Mark and Brian discuss how Upstream democratizes access to investments by leveraging blockchain technology to offer real-time, global securities trading. They delve into Upstream's unique approach to eliminating traditional trading friction, their compliance with international regulations, and the technological sophistication behind their platform. The discussion also touches on future applications, including NFTs and global fan engagement, and their current fundraising efforts to fuel further growth. 00:00 Introduction to Old Men, New Money 00:13 Meet the Guests: Mark Elenowitz and Brian Collins 00:41 Mark Elenowitz: Background and Vision 02:33 Brian Collins: Technological Innovations 05:21 Challenges and Solutions in the US Market 07:29 Upstream's Unique Marketplace 15:18 Global Investor Access and Benefits 18:19 Business Development and Future Plans 25:25 Tokenization and Regulatory Compliance 26:45 Onboarding Process and Technology Integration 28:36 Market Accessibility and User Experience 32:28 Innovative Products and Market Expansion 34:49 Automated Market Makers and Blockchain Technology 36:36 NFTs and Future Applications 41:58 Fundraising and Future Growth 49:06 Conclusion and Contact Information Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 4, 2024

Navigating the Digital Asset Landscape with Jay Bluestine from Blue Square Wealth In this episode of 'Old Men, New Money,' hosts Phil Larmon and Douglas Borthwick welcome Jay Bluestine from Blue Square Wealth. The discussion covers Jay’s transition from traditional finance at UBS, Smith Barney, and Morgan Stanley to founding Blue Square in 2018, his journey into Bitcoin investments, and the launch of risk-managed digital asset hedge funds. Jay explains the mechanics of hedge funds, the importance of regulated investment environments, and strategies for mitigating volatility in digital assets. The conversation also delves into the potential of blockchain technology, the future of institutional adoption, and the broader implications of Bitcoin and other digital assets on the financial landscape. This episode offers valuable insights for both seasoned investors and those new to digital assets, highlighting the convergence of traditional finance with decentralized finance. 00:00 Introduction to Old Men, New Money 00:17 Meet Jay Bluestine from Blue Square Wealth 00:54 The Evolution of Blue Square and Digital Assets 03:13 Understanding Hedge Funds and Investment Strategies 05:51 Investment Options and Tax Considerations 07:09 Exploring Bitcoin and Other Digital Assets 13:28 Solana and the Future of Blockchain 20:02 Institutional Adoption and Market Dynamics 27:43 Understanding ETF Approvals and Institutional Adoption 28:31 Regulatory Stamp of Approval and Its Implications 29:22 Challenges for Wealth Managers and Institutional Involvement 30:44 Volatility and Institutional Adoption 34:17 Tokenization and the Future of Digital Assets 41:39 Investment Strategies and Risk Management 45:52 The Entrepreneurial Ecosystem and Future Opportunities 47:51 Closing Remarks and Final Thoughts Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 3, 2024

Episode 0: Old Men, New Money: Exploring the Evolution of Digital Securities In this introductory episode of 'Old Men, New Money,' hosts Phil Larmon and Douglas Borthwick dive into their backgrounds and expertise, emphasizing their deep involvement in digital securities, blockchain, and cryptocurrency. Douglas shares his journey from Scotland to becoming a leading figure in the digital securities space, detailing his work from traditional finance to pioneering the first IPO of a digital security on the blockchain. Phil recounts his varied career from professional sports to the ad tech space, highlighting his focus on blockchain's impact in sports and entertainment. They discuss the fundamental differences between traditional and digital securities, the potential and challenges of tokenization, and the growing role of digital assets in various sectors. The hosts set the stage for future episodes, promising to cover current events, expert insights, and practical advice for navigating the rapidly evolving digital assets landscape. 00:00 Introduction to Old Men, New Money 00:36 Douglas Borthwick's Journey into Digital Securities 02:33 Understanding Digital Securities 04:16 Phil Larmon's Background and Career 06:28 The Intersection of Blockchain, Sports, and Entertainment 15:08 Tokenization and Its Implications 16:33 The Future of Digital Assets and Tokenization 17:40 Conclusion and Podcast Goals Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe

Dec 2, 2024

From Hoodies to Suits: Annelise Osborne on Innovating Digital Assets in Traditional Finance In this episode of Old Men New Money, hosts Phil Larmon and Douglas Borthwick welcome special guest Annelise Osborne, author of 'From Hoodies to Suits: Innovating Digital Assets in Traditional Finance.' Annelise, who is the Chief Business Officer at Kadena, shares her extensive experience in finance, credit, real estate, and digital securities. The conversation delves into her book, her career journey, and her insights on integrating blockchain technology into traditional finance. Annelise discusses the current challenges and future potential of digital assets, the importance of education for technology adoption, and her personal experiences as a woman in the financial technology space. The episode highlights the roles of regulation, institutional adoption, and user experience in advancing blockchain-based financial products. 00:00 Introduction and Guest Welcome 01:30 Annelise Osborne's Background and Career Journey 03:06 Entering the Blockchain Space 04:55 Writing 'From Hoodies to Suits' 07:52 Challenges and Opportunities in Blockchain Finance 16:41 Institutional Adoption and Regulation 18:18 Joining Kadena and Future Goals 25:46 Blockchain Integration in Everyday Life 26:59 The Insumer Model: Investing and Consuming 28:14 Connecting with Fans through Digital Securities 30:34 Impact of Blockchain on Real Estate 35:32 Challenges and Opportunities in Tokenized Real Estate 38:43 Women in the Digital Asset Space 44:05 Future of Digital Assets and Personal Insights 49:44 Final Thoughts and Where to Find More Information Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe