What podcasts say about Jason Pagoulatos

Every statement, with the speaker, the exact quote and the moment it was said.

What Jason Pagoulatos has said on podcasts

23 statements · 7 positive · 12 negative · 2 mixed · 2 neutral

on Paper TradeMixedOct 23, 2026· Unchained
Paper Trade enables up to 1,000x leverage, making activity mostly gambling.
“it essentially lets traders take these massive leverage trades but mostly gambles right uh up to 1000x leverage”
Listen at 2:50
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper TradeNeutralOct 23, 2026· Unchained
Paper Trade positions are taken against a house counterparty.
“the positions are taken against the house”
Listen at 3:27
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper TradeNegativeOct 23, 2026· Unchained
Paper Trade pays winners only roughly 88–90% of their gross winnings.
“if you win, You don't get the full 100% of the win. You get like 88 or 90 or 90 something percent of the win”
Listen at 6:56
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper TradePositiveOct 23, 2026· Unchained
Paper Trade orders do not reach the underlying market or create market impact.
“if you go buy $10 million of Bitcoin on paper trade, that market... or that order never hits the actual market. So it doesn't actually have any market impact”
Listen at 8:56
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper TradeNegativeOct 23, 2026· Unchained
Paper Trade is a casino rather than conventional trading.
“It is a casino.”
Listen at 9:20
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on 500x leveraged tradingNegativeOct 23, 2026· Unchained
Trading at 500x leverage is gambling, not genuine trading.
“500x trading isn't trading it's gambling”
Listen at 9:30
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper Trade pre-depositsPositiveOct 23, 2026· Unchained
Crypto Twitter users deposited approximately $140 million USDC before Paper Trade launched.
“Crypto Twitter, I think, deposited or pre-deposited 140 million USDC, so not a small amount of money, into the platform to start trading as soon as it went live.”
Listen at 10:39
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper Trade staking payoutsPositiveOct 23, 2026· Unchained
Paper Trade had paid approximately $57 million to PAPER holders through staking.
“I think it was at this point, $57 million have been paid to paper holders via, you know, staking your paper after you've lost your money.”
Listen at 11:08
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper Trade oracle designNegativeOct 23, 2026· Unchained
Paper Trade has an open attack vector through its price-feed design.
“there's an open attack vector here”
Listen at 14:49
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper TradeNegativeOct 23, 2026· Unchained
Paper Trade is not fully decentralized because its multisig retains operational control.
“when you say something's like fully on chain it doesn't actually it's not like fully decentralized right like it's still a multi-sig they still have full control over whatever goes on”
Listen at 16:47
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on PAPER token transferabilityNegativeOct 23, 2026· Unchained
Making PAPER transferable would enable attacks against Paper Trade.
“they're right. That is what will happen. It's not a matter of if that will 100% happen if the token is made transferable”
Listen at 18:40
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on PAPER token transferabilityNeutralOct 23, 2026· Unchained
Paper Trade created an expectation that PAPER tokens would eventually become transferable.
“you kind of made a promise in a sense or you at least like sold that like everybody was under the impression when they pre-deposited their money into this protocol that these paper tokens would be transferable at some time”
Listen at 20:27
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper Trade rule changesNegativeOct 23, 2026· Unchained
Paper Trade damaged its reputation by changing rules after attracting deposits.
“it's a bad look, right? You sell a bunch of people on a rule set beforehand. A bunch of money comes in and now you change everything after the fact.”
Listen at 22:20
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper Trade rule changesNegativeOct 23, 2026· Unchained
Paper Trade effectively bait-and-switched users on protocol and token rules.
“they are kind of big and switching you with the rule set and the parameters around the protocol and the token beforehand and after.”
Listen at 22:38
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper Trade activityMixedOct 23, 2026· Unchained
Paper Trade’s remaining activity reflects organic users rather than token farmers.
“what you now see is what the organic usage of people who want this type of thing is versus the activity that was there to potentially farm a token to then sell”
Listen at 24:52
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper TradeNegativeOct 23, 2026· Unchained
Paper Trade will have extreme difficulty recovering after the rule changes.
“It's going to be extremely tough.”
Listen at 25:44
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper TradeNegativeOct 23, 2026· Unchained
Paper Trade’s tokenomics, yield, pool, and transferability rules changed after launch.
“the protocol today is different than it was when it launched everything is different about it besides like the 1000x aspect”
Listen at 26:37
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Paper Trade capital allocationNegativeOct 23, 2026· Unchained
Keeping capital in Paper Trade has excessively high opportunity cost.
“the opportunity cost of keeping your capital here is way too high, which is kind of where I've landed.”
Listen at 27:05
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Crypto tokensNegativeOct 23, 2026· Unchained
Tokens generally fail when the token itself is treated as the product.
“if your token is the product a lot of times it can't work”
Listen at 29:15
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on HyperliquidPositiveOct 23, 2026· Unchained
Hyperliquid was successful before launching its token and could succeed without one.
“Hyper Liquid would be successful without a token. It was successful before the token launched.”
Listen at 29:30
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Crypto token projectsPositiveOct 23, 2026· Unchained
A successful token project needs an underlying good business.
“you just need to have a good business”
Listen at 29:38
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on EquityPositiveOct 23, 2026· Unchained
Equity requires an underlying value-producing business to be worth something.
“For equity to be worth something, it needs to be tied to a business that produces value in some way.”
Listen at 29:48
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?
on Failing crypto projectsPositiveOct 23, 2026· Unchained
Failing crypto projects should return investor funds instead of draining treasuries.
“if you're realized you're going to fail, don't go milking the treasury for five, six years and taking a salary, return the money to investors”
Listen at 31:12
Open the episode · PaperTrade Attracted $140M, Then Changed the Rules. Was It a Bait and Switch?

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.