Oh yo-yo, what up? What up?
Good morning. Good morning.
GMG Tuesday February 6th 2024444.
Whole lot of fours out there. Look at that.
Another beautiful day to have a beautiful day.
I got my Co host in the house. OSF How you feel today?
Yeah, I'm good. I'm good, actually.
I'm. I feel a bit hungover, but I'm
good. Wait, what?
Did you do last night? You went out on Monday?
Yeah, I went for dinner with KBM K Yeah.
He was in London. Yeah, he's just visiting with
his wife for a day or so, I think.
Oh, nice. Nice.
Nice.
OK. Where'd you guys go?
We went for an Indian. Went for Indian.
Which one? Yeah.
Banaras. Was that good?
Yeah, it was good. Yeah, what'd you have?
Everything, really. What about human food?
Oh my God dude. I want to go to Indian food so
bad. There is actually by the hotel
we're all staying at in Paris OV we'll go together.
There is a bomb Indian like bonkers like nuts, bananas.
So they make a fire tikka masala bro.
It's it's crazy. Locks went last time we were
there in June. We should go.
We should have single. I I have to say, I did not
recognize you in the studio today.
So last time you came up with your beards completely shaved.
I could not recognize you. Now you got the glasses going
on. What?
What's happening so overnight you're you lost sight.
I don't. Really wear glasses that much,
But I do. I used to wear glasses when I
used to work on the trading floor because you have to read
lots of small numbers and stuff. But then after I left that job,
I realized my the hurt in my eyes was more to do with the
fact that I wasn't sleeping enough.
And when I started sleeping more, I just didn't need really
new glasses. But because I feel a bit
hungover, my eyes just hurt. Looking at the screen, I guess
there's like blue blue light reflectors or whatever, so it
just feels nicer to wear them right now and.
I just love this, you know? Yeah, I I I just love this.
Yeah. I'm hungover.
Fuck. I don't have Mando today.
So you're going to have to do a lot of talking with me.
It's just you and I, I I cancelled Benny because since we
have Ledger coming on, the CTO of Ledger's coming on the show
just to answer a couple questions that we have.
And then we're doing loot boxes, so it's very light.
I canceled Benny because I wanted to have a proper
conversation about art and the state-of-the-art and NFTS in the
space. I pushed that to tomorrow since
Manuel's not there. You're a big artist, you're big
time, big time collector. I wanted us to have an engaging
conversation about the state-of-the-art in Web 3, so I
pushed it. So today we're going to need you
to do a lot of the talking. I'm sorry that you hungover, but
I know I would have. I would have caught some
reinforcements on the radio side.
But anyways, as usual ladies and gentlemen, we are live on video
so you can catch us on the X broadcast, which I'm going to
post in a minute, but it is live on the rock radio, YouTube and
and everything as usual. We're going to be giving away
another $1000. Another day, another dollar.
I'll mind you, another thousands of those dollars.
So all you have to do is bottom right, purple box, follow for
more hour follow robicom, ROLLBITCOM and then drop AGM.
You don't have to, but like you know my emotions and I like my
GMs a lot. I am the GM of GMs after all.
So make sure you put that in just a little cheeky retweet.
As usual, the tweet is in my Twitter.
It's the purple box in the space and you have to be online
though. You have to be live to win if
you're not live. Yesterday the guy almost
slipped. He pulled up at the last second.
So we have a new rule. We're going to start a 62nd
timer from here forward when you win and you have to pull up.
If you don't pull up, then we go to next person for the reason
that we also all have work like OV myself, Yuvi Mando, right
after this we we jump into meetings.
Yeah, we do more than just host Twitter spaces and a live show.
So you know, just to go faster, we're going to do that.
So to make sure you have 1000, but today it's special because
last Friday we we opened four $5000 loot boxes just to
celebrate. So today we're going to rip two
and Friday 2, so two and two. So today you're going to have
the chance to win more. I set up the loot boxes before
coming on here, so we're going to be giving away, you know
probably another 10K plus on the show today hopefully if God
willing, God willing. But anyways, Anyways, Anyways,
today on the show, today today market report.
As usual Solana is down. Not the kind of message I like
waking up to OV, it actually was from you, so.
So that's down. I believe it's still down.
So when I talk about that ENS partnering with GoDaddy, that's
pretty big. There's the, yeah, the dim
AirDrop today, NFTS and all coins Pandoras on fire.
That new ERC Four O 4 is just taking over all the narratives
and NFT collection types. That's about that.
That hit five ES, You know, there's just a bunch of stuff
just popping up as usual. And then what else, what else?
The cats sold out yesterday. That's minted out finally.
I think that's going to be today.
And then Ledger, CTO joining us for a few questions.
And last but not least, the robot giveaway.
So make sure that you're here on spaces.
So with that, with that, with that OV OV, OV, what is going on
in the market? Yeah.
So traditional markets, not really much to say.
You know stocks closed lower yesterday.
They're basically unchanged. They may be a touch lower.
Interest rates are unchanged. The next big thing really is
going to be inflation and we get that number on the 13th of
February. So a week from today is when we
get the next CPI numbers. That will be the next big thing
for macro. The biggest news really in
crypto really is Solana being down.
And when I say being down, I'm not talking about the price
being down, although the price is down.
I'm talking about the network going down.
And it's the first time it's been down in over a year I
believe. I can't maybe even 18 months or
something like that quite a while.
I don't know or I don't see the exact reason for it did.
You see this morning they were pushing some sort of update or
is that not what's happening? I read, I read they were they
were applying some sort of update and for whatever reason
it didn't work and then they patched it with a new update
which is now fixed. I I think it's now functional
again as of a few minutes ago. There's a little website you can
check which shows the progress of of the update and I think
some it's like north of 80% now which is when the the chain
becomes starts becoming functional again.
So everything is working again. You know we didn't really see.
I'm trying. I can't fucking.
So it's back up here you have Austin himself, right?
Austin Federa, who's the head of strategy, He's pretty active, so
to quote him directly, he said Mert jokes, But telling the
heart honest truth has always been courted to Solana DNA.
You'll never see a temporary disruption or stalling block
production or issue obtaining consensus because fundamentally
someone is full of smart engineers who don't bullshit
outages suck and can cause real harm.
There will be a root cause report made available once it's
complete and then 10 minutes ago the network is back up.
So as of 10 minutes ago and persona, here is Solana status,
which I should probably be following.
Done block production on Solana mainnet beta resumed at 457-1457
UTC following a successful upgrade to V 1/17/20 and a
restart of the cluster by the other operators.
By the way, y'all, I did not understand a single word of what
I just read. Just not, not not.
You know, I don't want to act like I'm you don't know what I'm
talking about. Engineers will continue to
monitor performance as network operations are restored.
So there was an outage for five hours OV yeah.
And core contributors are working on a root cause report
to fix it. What I find interesting out of
all this, Ovi actually is that you know how a lot of the times
and that was a lot of the joke, mind you, a lot of us even make
few years ago with how Solana is not decentralized.
So it's not decentralized as a matter of fact, because it is
decentralized, which this is the thread that I found interesting
that player Tumu posted. And it goes, what happens when
Solana goes down? Better question, how does Solana
get back up? And he said it's decentralized
so there needs to be a consensus among validators.
Here's a peek behind the curtains, IE the Solana Discord.
And so he was sharing like how all engineers actually and
validators need to get together and like restart the network,
which is quite interesting. But I don't know what does this
mean for Seoul here? I wasn't.
I haven't even checked the Solana price this morning or any
price size. It's not that much lower.
Like it looks like it's at around 95 right now.
Yeah. And it dropped to as low as 93.
So it didn't really move on the back of this.
I do remember some of the outages back in like 2021, maybe
even 2022, it never really moved on it.
Like you'd sometimes see it dip a bit and people short it and
then it would bounce back pretty aggressively.
So yeah, it's it's not really, the price hasn't really moved
that much now Seoul has underperformed versus ETH in the
in the last two or three days, I think we moved from 0.042 to
0.04. Now something like that 0.044 to
0.04. So it's been a 10%
outperformance of ETH versus Seoul in the last few days.
But that's also from ETH strength, not necessarily sole
weakness and people are calling for ETH and another ETH and ETH
ETA rally. I'm not sure you know how much I
I believe it but it is it is happening to an extent right
now. So yeah so it has the sole price
doesn't really move. You know some of the ecosystem
coins like meme coins are down and Jupiter's down and I can
imagine some people might just be like if there was tourist
money in Solana right now after something like that you may
expect some of it leaving the chain.
But I know it's not really much lower and I I can only imagine
maybe some people try to short it on centralized exchanges into
this headline and maybe there's a, there's a short base on it
right now which which gets cleared or liquidated, I'm not
really sure. But yeah, I just, it's good.
I mean, it's not great. Yeah, exactly.
This is so funny. I wanted to just came out people
shorted soul because the chain went down as if it wouldn't come
back up again. LMAO that's a tweet from
Pitoshi. That's so true OB because on on
essential exchanges, right. You could still trade soul
because it's off like. Yeah, exactly.
Like my my hunch is that we will see Seoul.
You may see a Seoul rally late later today.
That's that's a bit that's a bit punchy because there's probably
people who are short and yeah like it's bad.
I think the chain going down is obviously bad and maybe there
was some belief this year because Seoul hadn't gone down
for over a year that Seoul would, you know, never go down
again. But you know, it is still in in
beta and you know even like that guy Mert who's who's a big like
soul dev or whatever even predicted that the chain would
go down again and and it did. So I think, you know, it's
natural to see some weakness in the ecosystem, but I personally
think Sol itself will bounce back from this level in my
opinion. All right.
That's that's good. I mean, look, market talks,
right? Like, you know, market talks.
And so when I woke up this morning and you to to your
message saying it's down, it was 90 threes.
And so obviously now higher looks doesn't look too bad, at
least on the last hour we saw this is a candle since it's been
back up, by the way. So what you're saying
technically speaking is just playing out.
So you're right 'cause. Like market?
Market speaks for itself here. Across all other coins, I mean
nothing insane. Bitcoin's still ranging in the
43 KS which is you know, it's interesting because you know our
fellow Co host Mando not here today, but he put a tweet out
yesterday that I that I that I kind of like to hear kiss your
thoughts, he said we ranged for seven months in 2023.
We have been ranging for two months now.
Are we really doing this again? And then I was like well having
in April. So we probably ranged until
April, which was my thoughts and it was two months we could live
with it. What do you think about that?
Yeah. I mean I think we had a big
period of price movement and action into a very big event
which is the ETF, possibly one of the biggest events ever for
for Bitcoin. So it's only natural to see, you
know, the focus die down a bit And for us to settle in a range,
something that I would say is yes, the the range is a bit
brutal, but the 42 to 43 K range of Bitcoin is not a bad outcome
to be honest with you, especially considering we
dropped to 3839 K earlier. So I think that's not a bad
outcome. If Bitcoin is range bound then
it's usually good for alts I think so people try and seek
other returns across there. So I think if this continues you
will start to see some some other alts and possibly mean
coins start to move again Bitcoin halving.
I don't know what to expect really.
The the rally historically has has tended to come after the
half the halving, a few months after the halving.
And so I don't think like I don't think we're going to like
you know, on the day of the halving, we're just going to
have this massive Bitcoin rally. I just I don't believe that's
what's going to happen. But I do think, you know, it's
just seems to coincide with with crypto cycles and I think we're
still in a in a longer term uptrend here in in the bull
market if you will. So the Bitcoin halving just
tends to, you know that it just seems to coincide with it.
But I don't think it's for me personally, the Bitcoin halving
itself is not an event where something is going to happen
around it in my opinion. And I think if people get too
excited by it, then you know, there's a risk we we dump on it
or sell off on it or whatever depending on the market.
But yeah, I don't think we move much on them.
What I would say is Bitcoin halving is in April and May is
the expectation for the ETTF. Yeah, exactly.
So it might be that around then we start to get pulled up again.
But you know we saw the impacts of GBTC on on Bitcoin and we
have to see if we have to see how much demand there is on for
the ETF and a lot of that will depend on how Bitcoin has
performed until then. So if Bitcoin is lower in April
than where it is now and the other ETFs have seen start to
see outflows, then the story for ETF doesn't look that great.
But if Bitcoin is higher than now, higher than higher than
compared to where it is now and we see incremental inflows and
people have made money on that trade, then I think people will
will want to put it into ETH as well.
So that's another thing worth considering.
OK cool. So that's that is good to know.
We'll see what happens closer to my my personal bull thesis here
and this is my own and I'm no expert at all, is that we're
probably like we range and we it's going to be just like kind
of like on the boring side for majors.
Until then there's always going to be an NFT collection that
pumps. There's always going to be a
meme coin that pumps. We're seeing it with the RC4
fours right now and we're seeing it with a lot of some NFT
collection on the Ordinal side like RSIC popping off like
sweeps on puppets and etcetera, etcetera and the cats selling a
$12 million at launch yesterday. So you know that that's going on
over there. So The thing is it's not like I
don't think we're going to go back to this period was like it
was the bear market was nothing was going off.
Sure we'll range for a couple of months, but there's going to be
a lot of things coming up and down mind you as well, a lot of
new narratives being spun off and stuff.
And then I think I would, I would think that after like
slowly we grind towards like all time highs.
I think Q3 is where we hit our highs man like nothing like
blast through them but I wouldn't be surprised honestly
to see like you know in within like you know deeper and mid
deep Q3 like some some highs across the board on coins.
But that's my personal bull case.
But again I'm always bullish even when shits perish so good
and bad, good and bad. I think Twitter of the day went
to you was that you were saying and then I'm going to move on to
the rest of the stuff and FTS and whatnot.
But I thought it was great to eat this morning.
Ovi, what You said it's fine babe.
I can take money out of crypto whenever I I need to. dot dot
dot realizes his net worth in salon and blast I thought.
I thought that was a great tweet this morning and you honestly
made me laugh so much. And a conspiracy theory.
I mean, This is why you like you send all the drafts during these
times, right? This is where you get your best
engagement. Definitely did the same on the
meme coin story. But you're like conspiracy
theory. Solana is down ahead of blast on
log to give us a good entry on each rotations into souls.
I thought these were great anyway.
So top graders usually you know you had like towel ARP, OPDYDX
you know as the whole salon ETH ecosystem was up so on ecosystem
overall was kind of down and so, so that's kind of like the TLDR
on the market in that front. Anyways, in coins as well, you
have the dimension, I believe. It's going out.
It's going Live Today, right? I think.
It's today, yeah. Yeah, it's today on the.
It's trading right now on EVO at the four billion fully dilated
valuation. It says this market will be
transitioned to a regular perpetual future shortly after
the token gets listed today. What price do you think it will
trade at? I'm so annoyed like I did not
claim my 2 pudgies dim air drops and it's like.
Seven. Yes, a lot, I know.
Why didn't you claim them? You just forgot I.
Don't know it's 'cause they're my vault.
And like when shit is my vault, yeah.
But like I. Don't like to spend like when
shit's in my vault like. It's a pain to transact with
them. Yeah, I understand.
It's like, I don't want, like, I don't know how to explain it.
Like, it's weird, like it's vaulted.
So like, I don't like fucking with my vault.
That makes sense. Yeah.
No, I hear you. I hear you.
And clearly I'm wrong, by the way, because I just missed out
on like $15,000, which you know kind of suck.
Yeah, Wreck Confessions. Pomerle was saying Wreck
Confessions. I missed out on the Dim AirDrop
because I'm a moron. So that's what's up on my end.
But I'm really happy that our homies, I know DS and a bunch of
other people are going to bank on that and and and did their
their AirDrop requests and whatnot.
So that's really cool. So we'll see where that opens.
But that's something cool for the for the ecosystem that's
going on and besides that besides that besides that I
think that's really it like in terms of like coins and and
whatnot it's we'll see what happens next.
The other story that I thought was cool yesterday, I know we
also covered it on the on the crypt is there is you can now
connect your, you can now useyour.com domain as your
Ethereum address with GoDaddy and ENS.
And there was a period of time where like ENS was like all the
conversation on the timeline it's kind of died down with like
the prices going lower on the three and four digits ENS and
whatnot. I know you guys at some point
had three digits ENS. I think you guys still have
them, right? Are you still?
Bullish. Yeah.
That was more of a Mando trade than a ME trade.
But yeah, we still, we still, we still own them, I believe.
Yeah. Yeah, I think you guys still had
them. I thought that was interesting.
So Ethereum name services domains can now be tied to
traditional web domains with no fees adding more functionality
to the process. So like if anything like this
just like if I'm understanding this right like this is super
bullish ENS right, like. Yeah.
Or is it a nothing burger? It says ENS domains can be
assigned to the theorem wallet to ease the hassle of sending
funds and assets. When they explain the two closer
together, the web domain register just linked up with DNS
to make it possible to tie adns address likea.com or DNS and ENS
named dot E so that the DNS domain can be used with crypto
apps. That's actually hella bullish.
Yeah, it's good. But I don't know, I also don't
like, it doesn't really like crazily excite me, do you?
Do you know what I mean? I guess, I guess the I guess the
main thing is it's kind of like justifies ENS a bit more in the
domain space, but. Yeah.
You know, I don't think things are gonna exactly like move 100%
on that. Yeah.
OK. So we'll see what happens on
that front. But for me, like I think this is
just more, it's just bullish and Jenna for crypto, cuz there's
more integration of crypto apps into like, you know, the regular
folks, you know, day-to-day like GoDaddy, like a lot of people
use GoDaddy. It's like the number one, like
domain registration business in the world.
So I think, I think this is not bad and another news on that
front, honestly, that was about it.
Overall, let's talk NFTS now, let's talk NFTS because that's
moving right now. Not on the soul side, not right
now, that's for sure. Y'all you know, but the rest of
the bags are definitely moving. So on Ethereum, so it's this
collection, right? That's going insane.
Which was what? Is it Pandora which is at 4 E?
Do you have more information on the NFT collection side of it or
is it because it's tied to the coin right?
Yeah, it's a bit, it's a it's an interesting one.
It's basically like it's a new token standard which represents
an NFT collection but allows for the token to trade like on uni,
swap, etcetera, if that makes sense.
So it's almost like it's like if it's kind of like this hybrid
token, like imagine if you had an, you had a whole NFT project
and you could actually like trade fractions of them
basically as a coin. That's essentially what it is.
So it's like adding unicop liquidity to the NF TS.
I don't know, I don't fully know how it works.
It's it's it's definitely a completely brand new thing.
So I don't know like what the different and then if you can
like just buy the NFT on openc I guess you probably can, but you
can also transact that on fractions of that on uni swap as
well. OK, it's it's pretty
interesting. It's like a standard that allows
you to like pretty much like turn your NFT collection into a
coin right away and apparently like Floor Protocol are in touch
with them and whatnot. It's very similar to what floor
protocol was doing right? Like you saw EU bake and MU MU
MU right MU bake. Or MU exactly?
It's it's very interesting. It's brand new.
It popped out. I'm not going to lie, I am
coping for the reason that literally I had the Pandora
chart open on my computer on Sunday night.
It was still 1516 mil. I was like, well, I'm not going
to ape something that went to 16 mil.
And it's also Sunday. And I'm trying not to trade,
like I haven't taken a trade since my Juke day, which I'm
really praying ends up well. But I've been off the chart,
feels good. I'm too busy.
It's been very healing to say the least.
And not look at the price of Bitcoin.
He sold in like 12 shit coins at the same time at all times and
the next thing you know it goes to 80 mil.
So moral of the story, don't take your foot off the pedal,
you know like because the second I take it off the pedal OV I
missed out on what is it Almost nearly Ted X right?
So it's it is what it is. You got to be in the trenches
24/7. It is a bull market after all.
You know, non-stop 24/7. Sunday night you got to be on
charts. Monday morning you got to be on
charts. Work.
Forget that, you got to be on charts at all times because you
can always miss the next 10-20 hundred X if you're not on it.
But anyways, I think this is quite an interesting one and
we'll see how that develops with time.
But it seems like a lot of people are building out with the
standard, so hey, could see a meta here.
Maybe. Maybe not.
Yeah, we'll see. I don't know.
Yeah, we'll see. I think.
I think it's very interesting. I do think it's very interesting
and yeah, I think it one of the biggest problems with NFTS is a
lack of liquidity, so especially if you're buying rare stuff as
well. So it would be pretty cool to
have that him. Yeah, no, I agree.
And and so still on the NFT front, mind you, some nice 3D
glasses sales I didn't want to talk about yesterday, but those
came out yesterday. That's good for you, because I I
know you got your 3D glasses fire, but besides that, dude,
these RSI CS man, every single time I open digens, I swear to
God they're higher. And we.
Do it every morning here. It's actually wild.
So they are now. They had a slight dip to point O
8 Bitcoin and it got slurped right away.
OV up to now it's nearly .1 BCC. Wow.
Yeah, it's crazy. It's absolutely insane.
And there was this rare one that sold, I believe for 1.8 or two
beat Bitcoin. So that's not nothing small like
one Bitcoin is 43 K So one of them sold for like 100 grand
bro, because based on the rarity of your ruin of the Rsic meta
protocol, you get to mine more ruins on it.
So it's like a new standard that's been created via the NFT
or something. I mean if it if someone's in the
audience, mind you and like knows better than me about this.
Like you're totally welcome to request to speak and like come
and give people a TLDR to come and correct me because I don't
want to. I don't want to mess this up.
But from my understanding this is what's going on.
I know Loxy is obsessed with that and he's been digging into
it a lot. Like he he's so deep in like
he's been reading Casey Rodemore's like GitHub.
So he's like deep. Like RCO is deep.
Like he's gone. He's like fully like into that
and it's this thing and also he doesn't tend to go all into
stuff like this much. Like I'm really the the crazy D
Gen. part of the team. So this leaves me makes me think
like if he's all into this like I should probably like go even
deeper into it because like it's pretty rare.
I was considering a sweep multiple times.
Did not happen. But it's OK we have our puppets
to make up for it. So that is absolutely crazy.
So if I go on the magic in front here.
Yeah it is here still point O95 Bitcoin dude.
How much how much dollars is that times it's 43 K yeah.
Bitcoin. Yeah, 43.
We're at 43. Flat.
Yeah, we're at 43. One.
So what for? Call it 43.
It's $4000 dude. It's a $4000 AirDrop.
And ETH is what, 23? It's at one point it's it's a
two ETH AirDrop now. Fuck, this is crazy.
That's a big AirDrop. That's a big AirDrop.
Dude, that makes up for the dim shit I missed, let me tell you
that. So we're good on that front and
also happening on Bitcoin. I mean look it's it's honestly
business as usual is over there. Everything is going higher like
on there like all your stuff is up.
I mean the OMB is still above point O 5 Bitcoin.
You have like this bit Smiley's now that seems to be up.
I'm not too sure where it is, but it's showing up here you
have the puppets that are back above point O 75, the note
monkeys, you know bounced or up again.
So it's it's honestly been these three leading the the the charge
on Bitcoin with the volumes and whatnot.
So it's really been RSIC note monkeys and Bitcoin puppets
that's just been doing a ton of volume on there which is really,
really impressive when you look at it this way.
So that's about it on the on the on the NFT side and the other
news again which was also on Bitcoin and I'm here quoting you
know Tyler did its tweet here on the screen which was quantum
cats white list officially closed yesterday.
There was only 313 left. It sold out in 2 seconds.
Some people said bots, some people said no bots.
I don't know what it is, but hey, it's still sold out.
So there's only 10% of the supply left for public mint.
And it says the team sold 2687 NFTS in its whitelist sale at .1
BTCA pop a tiny 269 Bitcoin, raise 11.4 million, and the rest
of it just like sold out right away.
So we're talking, we're really talking about a $12 million
raise here. You got a nicer one than me.
Someone's cool. Yeah, I like.
I actually like my one. It's.
Did you post? It.
I haven't. I don't think I posted it yet.
I'm just. I'm waiting for it to like get
to my wallet and all that, just to make sure I saw the right
one. But yeah, my one, my one
actually looks cool. I quite like mine.
Yeah, I wish. Everything happens on on these
here. Like where do you think they
trade after after it mints out? That's a good question.
So honestly I think it's two things.
Another goes 50% below mint, which I don't think personally
happens or goes to like .3 Bitcoin.
You know what I mean? Like I don't think it's, I don't
think it's it's like one way or the other.
So I I wouldn't be surprised if we open to XI point to Bitcoin
from point. You know why?
Because it's still a Tapper Wizards team after all.
And these guys are just like the people like at the forefront of
like pushing Bitcoin. Doesn't matter what people think
of the art. For what it's worth like Farr
has his own like art kind and like people like it so it
clearly sold out. There was a $250,000 sale at
sold the beach, which usually you're right.
Like I think a couple of you were saying, it's usually not
the way we like, you know, you know, price the whole rest of
the collection, whatnot because it's not had it pinned before.
But I think an open above point to Bitcoin is is is the most
likely outcome. What do you think?
Yeah, I agree. Look, I think it's going to do
really well because of UDI and I I know they they messed up the
the Mint process and but you know ordinals are still nascent
technology and there there will be more mess ups and stuff like
this. So it just kind of reminds me of
like the ETH NFC mints back in 2021 when people would delay
mints because something would fuck up and you don't ever
really see that happen anymore because the technology has been
developed and it's it's much more smooth.
So I think it will do really well to be honest with you.
But I also I'm going to get one, so take it with a pitch of salt.
I I think I'm going to like as soon as I get mine.
I think what I'm going to do is that I'm going to, This is mine,
This is not a birthmark. It's a black guy.
It's a black guy that he got for, for, for, for being tossed
around on the Bitcoin blockchain so much and being pushed around
and he came to me with the black eye, you know, I got the Tiffany
background, I got the Tiffany blue eyes.
That's got to be rare. So if someone wants to trade me
like 2 cats for my cat, you know the ends are open.
Obviously I'm just kidding. But I personally I think I would
probably will probably be replacing mine with more of a
forever cat type that I have that could be my adopted cat
forever. But definitely this is the type
of project that I just want in because of Udi and the team and
I really like these folks so their friends, their family and
and I think it could be cool. So we'll see what happens.
I saw yours potentially yours, right.
We want to wait till we actually get them in our wallets and it
was really cool. So excited to see what you got.
I know Sobi hit really nice ones too.
He actually even PFP D it already and overall like there's
a lot of again, like there's just a lot of excitement about
around everything Bitcoin. For what it's worth OV if this
opens like 2-3 X above like the the the starting price you could
see the ordinals market pump like the rest of it like echo
pump like. I wouldn't be surprised if the
money like a lot of the money goes back into the collections
that are doing well right now. Because imagine like you'd
minted .1 Bitcoin. Imagine you get stuff for .3
Bitcoin. You kind of always like, put
money back in, right? As a DJ because people do.
What do you buy? Like to me like, OK, RSIC has
like the narrative it's pushing. Puppets have a narrative.
Another monkey would be the price of your cat.
So I don't know if you go straight by the monkey and
there's a lot of stuff happening there, so we'll see what
happens. But that's what happened
yesterday, and these put a tweet out saying as soon as the public
mints ended for cats, everyone who like, didn't manage to mint
started buying RSIC and puppets like immediately after those
collections, even though monkeys went back up after the public
mint went live. So people.
Realized, yeah, because people go back to the, yeah, liquidity
flows back into those projects, yeah.
Exactly. And given that we don't have
enough market participants yet in the space, you know,
liquidity's taken somewhere and goes back somewhere else.
Anyways, question for you, Ovi actually went PD5.
Selfish question. You have a drop coming up.
And probably going to be end of this month.
OK, probably going to be end of this month.
I've I've finished most of the artwork I'm just adding like the
final bits and pieces and stuff. But yeah I've got the code and
everything working to to generate the images I've got I
have to say using ChatGPT to like write these scripts now so
much before it would take me. Like, it would at least take me
a whole day to write the script, and I think this one would have
taken me probably two or three days because it's a bit more
complicated. But with ChatGPT, the whole
thing done in about 30 minutes, which is pretty insane.
So it's just like a massive savior on time.
But yeah, I just, I just want to like add more elements on the
arts side to it. And yeah, it should be at the
end of this month. Dude, it's exciting.
I have to say. Like, you've been posting a lot
of these. You've been posting a lot of the
teases about what it's going to look like, and I'm excited for
that. Wait, let's see.
That last one was crazy. The Cracking 1 like this one is
crazy, bro. I saw it this morning.
I love to do many more minutes on there.
I think it's cool. Like you just always put little,
little like hands, you know? Oh, the golden boxing gloves.
I did not see that. Yeah.
That's cool. Yo, did you see Rookie just
announced Crypto Fight Night 4? Yeah.
I did. I did.
No, I'm. I'm potentially retired for
that. No.
Oh, you have a kid on the way. It's true.
Yeah, yeah. Yeah.
He's like, yeah, I'm a father now, you know, it can be, you
know, I would I. I'm it's it's it's painful to
like see it and be like I'm not going to be in this time because
I do really want to fight again. But I don't know.
I want, I want someone I know to fight so I can like live, live
vicariously through them. So I put you up to it.
Somebody at me I want to look for.
I'm going to pick a fight. I have been.
I've been working out. I, you know, I've been.
I've been. Working.
It's yeah, but there's no chance I could box like if the level of
cardio required. Yeah, it's.
Like boxing. Like, yeah, I'm working out.
Yeah. You know, I'm feeling great.
But that's like a level. I feel like above performance,
right. Like I was talking to Vanessa
about my girlfriend, like, babe, like, what do you think?
Like if I I should just like get in one like, like like OV did.
I was like last week she's like, babe, OV was training twice a
day and not drinking for six months.
She looks at me, she's like, there is no way you're doing
that. And I was like, yeah, true.
It's like, let alone stop smoking weed.
And I was like, yeah, my girlfriend knows me pretty well.
Yeah, exactly you. Know we're too busy.
We're too busy here. I real good at the crypt for me
to get in the thing. I I wouldn't be surprised if
there's probably a shareholder agreement somewhere saying I'm
not allowed to do that. So I did ask yesterday if I
could go to space and that didn't work out.
I was talking to Axon space team.
They're the people that sent the thank you axe and all the snow
fro and everything in space. And I was on the phone with them
and I was like, so how much is a seat there?
Like how do you like, can I go to space?
It goes well. If you raise $70 million, we can
send you there. I'm like, never mind.
I think I'm a skip. So I thought that was pretty
crazy. Anyways, let's pass into our
special guest of today. We have the CTO of leisure
himself in the flesh, Shao Guima in the house.
Bonjour. Bonjour BJ Shao, how you doing?
Oh, your French is amazing. I'm good.
Thank you. Thank you for having me to do
today. Listen, we were, we are glad to
work with you guys. You know, I know you guys were
powering our show for the last month and a half.
I know we're always doing some cool stuff with the Ledger team
on the rock radio side, on the rec side and everything.
So it's always a pleasure when we can have you guys on the
show. So Mr. Chaz Gimay, you are the
CTO over at Ledger and everything.
How's it been lately, how's how's the market been treating
you guys and how's the how's things moving on at Ledger?
I we we are pretty good. 2023 was a little bit bumpy for for
everyone in the ecosystem I guess, but that was a good
opportunity for us to to build to to prepare for for the future
and and I think we are at the beginning of a new cycle.
For me the the really the very important interesting part is
that during the last cycle we had scalability challenges for
block chains and I think during this building phase we we the
ecosystem have found solution to this scalability challenge and
and now it's pretty exciting to see the the next cycle beginning
because we will have plenty of chip blockchain space and that
will enable plenty of new application and this is
something that was not possible before.
Yeah. No, I totally agree with you.
So with the market picking up now, which is you know what
you're talking about and everything, what are the new,
you know, types of, you know, your CTO at Ledger, right.
So what are some of the new types of scams, exploits and
things that we should be aware of this cycle?
There's a lot of people listening right now.
The scams, I mean with, with the, with the, with the market
picking up, the scammers are out here, they're out here and
they're about to be out here even more.
So Sean, why don't you give us some some things to to to be
careful of and be aware of ahead of this new cycle?
Yeah, that's true. And yes, cameras, they they they
come as soon as we have a newcomers who are a little less
at ease with what's crypto. Crypto is a new paradigm so it's
a little bit difficult to handle for a newcomers.
But there are a few things that people need to have to keep in
mind. So first of all crypto is is
important when you are in self custody.
I I really, I really like crypto because of the permissionless
aspect. And the permissionless aspect is
possible thanks to the decentralization of the
consensus but also through self custody.
But self custody is not that easy.
That's that's why we are providing tools to the users in
order to to do self custody securely.
And most most of the time scammers are trying to to
collect the low on gig fruits and the low on gig fruits are
really tricking users into doing something wrong.
And the most common scam is really to ask users for their 24
words. So they are creating a fancy UX.
They pretend that there has been some issue, some problem or they
they pretend that you can that you can earn a big AirDrop like
this kind of thing. And at some point they ask you
to input your 24 words into an interface and as soon as you do
you do that as a as a user you give away the access to your
wallet, to the scanners and that's it.
There was nothing you can do to revert this because the the
attacker would simply drain your wallet and and that's it.
So this is something people really need to keep in mind.
There's 24 words are very important and you need to keep
them confidential and secure. You need to secure them in the
in the safe place and the only way.
The only location where you can input them is directly within
your Ledger device if ever you need it.
Because you you will need to input them if your device has
been reset or you have both a new device.
But except for this situation you don't need to input the
device but at the end your 24 words are inside this nano X or
maybe inside your stacks if you are lucky to have run and and in
your in your 24 words back up. So this is something that users
need to keep it to keep in mind. And secondly the the kind of
scams we see is really where it's often a little bit more
elaborate. It's when scammers trick users
into signing transaction. So it is again, scammers are
promising you a a very big air drop this kind of thing and then
they ask you to sign a specific transaction and if you don't
verify what what. That's what what what is the
transaction you are about to consent or if you can't verify
because there was no clear signing then you might give away
the access to your wallet to to the whole wallet.
And this is what we see with the drainer and so on.
And in order to avoid that what we what we do at Azure is really
to create this such a enclave that is your device.
And also we have a big initiative which consists in
providing the users with clear signing.
Clear signing really means on the device it will be.
It's written what the intent of the transaction you are about to
consent. As of today, when you when you
send Bitcoin, when you when you interact with a known smart
contract, you have this data, it's written you are about to
send this this amount of Bitcoin to this specific address.
Do you consent to do that And then you you consent.
But sometimes with some fancy smart contract they are not well
supported and then you have to blind sign.
So blindly sign hash and you don't, you have no way to verify
what's what, what will be the consequences of signing this
transaction. And that's why we are working on
this very big clear signing initiatives which will bring the
users with all the clarity for for him to understand the
transaction he's about to sign. OK.
That's some, that's some really good advice, definitely for the
people. So I hope you're listening and I
hope that the people listening are not using hot wallets.
Well, I mean, yes, you can use hot wallets, but that's not
where you store all your money. Use hot wallets to mint all the
free mints and the bullshit alt coins and shake coins that we
like to apen, but that's it. It's good.
It's good to have to have different wallets for different
shoes when you want to do digen things like minting new stuff.
And we like, we like doing this. You do that with a hot wallet
you you only keep low value in this hardware.
But for the for the value that is important for you.
Maybe it's important because it's a lot of of dollars at the
end, but maybe it's important because this is your favorite
NFT. So for this valuable you will
put them in your, in your code wallet, in your leisure device.
OK. Perfect.
I'd love to love to hear that. And I guess, you know, next
question is, you know, why is why Ledger, right?
You know, that's you're the CTO, so I mean you're the guy I need
to ask this to. Why Ledger?
Why? Why?
Why is Ledger, you know, the most secure hardware and
software player in the space? I personally use Ledger.
Actually, what was what was easy with you guys the other day, I
was talking about it. I stick my Solana natively on
Ledger with a few buttons. That's what I did with my own.
Obviously NFADYR. To each their own.
But that's what I proceeded with my Solana because it's easy to
see. I like the interface and
whatnot, but like, you know how? You know why, Why, leisure and
and and when it comes to using your software and hardware.
Yeah very very good question. So first of all again self
custody is really important at the end.
If you have Bitcoin or ease or NFT or on an on an exchange on
revolutes, you're you're not really in crypto like you you
are. You have an exposition, the
financial exposition to crypto value.
But it's very different from owning crypto and and owning
crypto really means being in self custody and being in self
custody means you own your keys not your not your keys not your
coin. This is what we what we to say
and and then the security of these keys is really paramount.
If an attacker gets access to your keys then it will drain
your wallet and there is nothing you can do to revert this.
So that's why a security is paramount and and in the
security world there is nothing better than than segregating the
location of your properties from the application.
So this is really what hardware wallet in general are made for.
They are separating your priorities from the Internet.
So this is this is what we built at Ledger.
So you have a different option in terms of hardware outlet.
To be honest, if you use any hardware over it, it's 100 times
better than only a software over it.
If you use only a software over it, your private keys are are
not at risk and using a hardware over it is is 100 times better
than the than a software over it.
And then when you use a hardware there are different shade of
Gray. And what we what we are trying
to do at leisure is really to have the highest level of
security but also having great ease of use.
It's because if if you design a security solution that is so
secure that no one use it at the end you don't solve any problem.
And this is not what we what you what we are trying to do.
We are really trying to to have a good trade off between the
high level of security and ease of use and and what we do is
trying to have like simple devices that do one thing and
and do it well. The security part and for the
UX. For the UI we have we have built
different application and the July is the main one where you
can manage all your crypto in one place and then you can buy,
sell, swap, stake you can you can have a credit card and all
of these are services that are provided by third party and and
we are connecting the third party to to the user.
So as a user you have a nice unique interface with all your
crypto and you can do plenty of things with your crypto and as
soon as you need to access to your crypto to transactions and
so on then you you will use your hardware your your device.
We we are also an open platform so it's possible to use your
device on different dabs and so on and it's it's interoperable
and we are working into in improving our devices DK so that
the the the UX when you use your device outside the fledge Dr.
would be even better. This is what we have in mind
these days. All right.
That's pretty cool. And so last last question I got
for you here, Charles, what's Ledger Dungeon?
Oh, the dungeon is is our internal security.
Yeah, the dungeon, this is our internal security research team.
So basically this is what we, what we call a red team in in
the security world. And their main mission is really
to try to break our devices. So this is what they do
day-to-day. They they try to find
vulnerabilities on our devices, on our, on our products in
general and when when they find vulnerability it is then they
work with the engineering teams in order to improve, improve the
security of our product. Also they are spending some time
doing some R&D in the space and sometimes they are participating
to securing a little bit more different product we have.
We have different partnership with with other team because at
the end securing the ecosystem is important for for everyone
it's important for the ecosystem.
So if we can participate into into this we we we are glad to
do it. So the the dungeon is really a
team of security expert and it's it's quite amazing.
They can break almost almost anything just a matter of time
and and and effort and equipment and so on.
So they have plenty of bigger equipment it's really
interesting to to enter the dungeon and but by the way we we
have we have done some videos to present the dungeon.
I think that they are called enter the dungeon.
I think it's the space of four videos and it gives you some
some high level view on what what it is to to to try to to
break hardware devices. All right.
Love to see that. Well, thank you so much.
Charlie, I guess last question for you.
Are you going to use those skis behind you?
I I love skiing, but there's there's one a little bit old.
I think they are 60 years old. Sixty and I at some point I
wanted to try them, but my feet are too long.
So I I I avoided to break a leg. Yeah, maybe maybe avoid that for
sure. All right, Charles.
Well, thank you very much for coming on today.
Charles Gimmez, City of Ledger. So for anybody curious, I mean,
check out Ledger. You know, I got a couple always
hanging around me. And make sure you guys protect
yourselves with the hardware wallet.
Thank you, Sal. Good.
Stay. Safe.
Thank you. Bye.