What podcasts say about Tom Schmidt

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

What Tom Schmidt has said on podcasts

27 statements · 12 positive · 12 negative · 3 neutral

on LedgerPositiveOct 15, 2026· Unchained
Ledger is the largest hardware-wallet company and was valued above $1 billion.
“Ledger is the largest hardware wallet. Their last valuation was over a billion dollars.”
Listen at 9:34
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on LedgerNegativeOct 15, 2026· Unchained
About $80 million in cryptocurrency was stolen from compromised Ledger devices.
“there was enough money starting to get stolen on the order of about $80 million worth of crypto that was stolen from ledgers.”
Listen at 10:19
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Ledger devices sold by CryptobilisNegativeOct 15, 2026· Unchained
Some Ledger devices sold by Cryptobilis contained implanted hardware.
“these ledgers inside of them had a hardware implanted device.”
Listen at 10:43
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Critical hardware purchasingPositiveOct 15, 2026· Unchained
Users should buy critical hardware directly from manufacturers.
“buy direct. Don't have some third party sitting in between you and a hardware manufacturer, especially when it's like extremely critical hardware.”
Listen at 17:52
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Crypto custody hardware supply chainsPositiveOct 15, 2026· Unchained
Funds and custodians should audit supply chains and buy hardware directly.
“go audit your supply chain and make sure that you're buying directly from the manufacturers.”
Listen at 18:32
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Ledger supply-chain attackNegativeOct 15, 2026· Unchained
The Ledger supply-chain attack produced an unusually large $80 million haul.
“80 million is obviously a pretty big haul for any supply chain attack like this.”
Listen at 20:34
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on OpenAI listening-device incidentNegativeOct 15, 2026· Unchained
OpenAI discovered a Saudi employee had implanted a listening device.
“OpenAI discovered that there was an employee who is a Saudi national who implanted a listening device”
Listen at 21:49
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Complex cyberattacksNegativeOct 15, 2026· Unchained
Complex attacks on supply chains and organizations will become more common.
“we're going to see more of this.”
Listen at 25:48
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on PapertradePositiveOct 15, 2026· Unchained
Papertrade offers 1,000x leverage.
“It offers a thousand X leverage”
Listen at 29:21
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Papertrade revenuePositiveOct 15, 2026· Unchained
Papertrade was generating roughly twice Hyperliquid’s revenue.
“it's making more revenue than Hyperliquid, like double what Hyperliquid is making”
Listen at 29:50
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Papertrade revenuePositiveOct 15, 2026· Unchained
Papertrade generated $32 million in seven-day revenue.
“It's at 32 million in seven-day revenue”
Listen at 29:56
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Software technical moatsNegativeOct 15, 2026· Unchained
AI has weakened software moats based on complex engineering.
“those moats have weakened.”
Listen at 39:13
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Digital rights managementNegativeOct 15, 2026· Unchained
Software-only DRM will eventually be defeated unless hardware-enforced.
“Every DRM will eventually fall unless it's built into the hardware.”
Listen at 41:23
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Major companies’ competitive moatsNeutralOct 15, 2026· Unchained
No major companies have yet had their moats eroded by post-AI competitors.
“We have not seen any major companies that have had their moats eroded by a post-AI company”
Listen at 49:25
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Incumbent companiesNeutralOct 15, 2026· Unchained
Incumbent companies also possess and use AI.
“the incumbents have AI too”
Listen at 52:14
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on AI-enabled incumbent companiesPositiveOct 15, 2026· Unchained
AI may cause well-funded incumbents to pull farther ahead with more robust software.
“they will be pulling farther ahead and their software will be more robust.”
Listen at 52:24
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Software with verifiable endpointsNegativeOct 15, 2026· Unchained
Software with verifiable endpoints no longer has a technical moat.
“that kind of thing is dead. That kind of thing, there genuinely is no more technical mode.”
Listen at 54:30
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on AI modelsNegativeOct 15, 2026· Unchained
Current AI models cannot reliably encode product taste.
“right now we don't know how to put product taste into the models.”
Listen at 55:17
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on AI investment modelsNegativeOct 15, 2026· Unchained
Current AI models lack the judgment needed for risk-taking investment decisions.
“the models, they do not know how to do that. They don't have the taste.”
Listen at 55:50
Open the episode · The Chopping Block: The Ledger Hardware Implant, a Listening Device at OpenAI, Papertrade's 1000x House, and the Death of Technical Moats
on Robinhood Chain activityPositiveSep 3, 2026· Unchained
Robinhood Chain has unexpectedly high activity for a corporate chain.
“I am surprised that you have a Corpo chain that has this kind of activity.”
Listen at 3:23
Open the episode · The Chopping Block: Robinhood Chain's Memecoin Mania and Tokenized Stocks
on Robinhood Chain RWA issuancePositiveSep 3, 2026· Unchained
Robinhood Chain's total RWA issuance has risen to approximately $70–80 million.
“total RWA issuance on Robinhood chain has gone up. I think they're up to 70, 80 mil.”
Listen at 16:14
Open the episode · The Chopping Block: Robinhood Chain's Memecoin Mania and Tokenized Stocks
on Robinhood Chain RWA issuancePositiveSep 3, 2026· Unchained
Robinhood Chain RWA issuance increased 50% week over week to about $70 million.
“the 70 mil, that's also up 50%, you know, week on week.”
Listen at 29:43
Open the episode · The Chopping Block: Robinhood Chain's Memecoin Mania and Tokenized Stocks
on Solana X-Stocks relationshipNegativeSep 3, 2026· Unchained
Solana mishandled negotiations over its X-Stocks relationship.
“The biggest bungling, I think, was negotiating the X-Stocks relationship with Solana”
Listen at 40:04
Open the episode · The Chopping Block: Robinhood Chain's Memecoin Mania and Tokenized Stocks
on Hyperliquid US deploymentNegativeAug 28, 2026· Unchained
A US Hyperliquid deployment will likely be KYC-gated rather than fully open.
“I think that's not going to happen. I think it's going to look more like what Leiter did with Robinhood in Europe, where there's a KYC-gated version of it.”
Listen at 8:49
Open the episode · The Chopping Block: Crypto's Rebound, Reg Crypto, and AI Router Wars
on AI applicationsPositiveAug 28, 2026· Unchained
Statefulness and user stickiness are monetizable competitive advantages.
“statefulness and stickiness being the moat and thing that is monetizable.”
Listen at 45:12
Open the episode · The Chopping Block: Crypto's Rebound, Reg Crypto, and AI Router Wars
on Frontier AI labsNeutralAug 28, 2026· Unchained
Frontier AI labs may eventually use third-party models.
“I could see a world down the line where even the Frontier Labs end up maybe using third-party models”
Listen at 45:17
Open the episode · The Chopping Block: Crypto's Rebound, Reg Crypto, and AI Router Wars
on TradFi and RWA tokenizationPositiveAug 28, 2026· Unchained
TradFi and RWA tokenization markets contain many worthwhile projects.
“I think those are good markets and I think there are probably plenty of good projects”
Listen at 51:43
Open the episode · The Chopping Block: Crypto's Rebound, Reg Crypto, and AI Router Wars

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.