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The James Altucher Show

James and Tim Solve the Student Loan Debt Crisis and Make a Billion Dollars

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.62.7K Ratings

🗓️ 16 April 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

In this episode, Tim Collins and I explore a groundbreaking business idea that could tackle global issues like student loan debt and inflation, and we invite your participation to discuss this potentially world-altering concept.

Transcript

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0:00.0

Okay, Tim Collins and I solved basically the main problems of the world on this episode with what I think is a great

0:17.8

business idea solves all the problems of student loan debt, solves really any kind of debt, might solve inflation, I'd love to know

0:26.4

what you think of it, and also we have a call for participants in this episode. So here we go, the ultimate business idea

0:36.8

that solves every problem in the world.

0:40.3

This isn't your average business podcast and he's not your average host.

0:48.0

This is the James Altiger show. Let me ask you a question. But these ruins, Ben was saying they make, you could make a meme coin, like Doge coin with these, I guess on the Bitcoin blockchain with these ruins. Right now I can make a mean coin in seconds using Salana for instance.

1:13.2

Right, you could go to Pump dot Fund and spin one up quickly and throw it out there

1:19.7

and hope that you hit the bonding curve and you get funding and you hit the $70,000 market cap that you need to launch and go at it.

1:28.1

Of course it might take you 15 or 20 or 30 tries to make that happen and chances are it's going to be liquidated as quickly as you make it.

1:38.3

So yeah, you can.

1:39.6

What do you mean liquidated?

1:41.6

Basically everybody that went in the bonding curve that gave you the money ends up selling

1:46.2

their tokens as quickly as possible on any pump, if you will, or any push higher in value

1:51.9

and look to get out.

1:53.4

I mean, I follow that stuff every day

1:55.2

and I just watch them in 15 minutes go up and down,

1:58.4

and straight back down to zero.

2:00.1

So like an example is Dogecoin is a meme coin.

2:02.8

So it's a coin that really has no value, no utility,

2:06.6

there's no use case for it.

2:07.9

You can buy a Tesla with it, remember?

2:10.0

Right, well, that's just it, like,

...

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