1 00:00:01,040 --> 00:00:05,120 Yo-yo, yo-yo, what up? What up? 2 00:00:05,320 --> 00:00:15,200 Good morning. Good Morning, MG, Monday, 3 00:00:16,120 --> 00:00:21,520 February 5th, 2024. Why is it doing this? 4 00:00:21,880 --> 00:00:23,680 Why it's so loud? Jesus. 5 00:00:23,680 --> 00:00:25,960 All right, 2024. Look at that. 6 00:00:26,240 --> 00:00:30,440 Another beautiful day to have a beautiful day. 7 00:00:30,920 --> 00:00:34,760 I got my clothes to the house. OSF Mando, how you guys feeling 8 00:00:34,760 --> 00:00:38,480 today? Good. 9 00:00:38,480 --> 00:00:39,960 I'm good. How are you? 10 00:00:40,840 --> 00:00:43,960 Sorry, guys. It is like not working today. 11 00:00:43,960 --> 00:00:44,640 All right? We're good. 12 00:00:44,680 --> 00:00:45,520 OK. You're good. 13 00:00:45,600 --> 00:00:46,480 I'm good. Perfect. 14 00:00:46,480 --> 00:00:48,880 Mando, how you doing? I'm doing good man. 15 00:00:48,920 --> 00:00:50,400 How are you? We're good. 16 00:00:50,400 --> 00:00:52,240 We're invited, We're back and it is Monday. 17 00:00:52,640 --> 00:00:57,680 We are so back and it is absolutely crazy again today. 18 00:00:57,680 --> 00:01:01,440 Just a reminder, just as a reminder, like every single day. 19 00:01:01,440 --> 00:01:03,520 You know, we still have. I don't know how much we got 20 00:01:03,520 --> 00:01:05,560 left to go. Sims probably knows better, but 21 00:01:05,680 --> 00:01:07,560 I'm pretty sure it's enough to go all week long. 22 00:01:07,760 --> 00:01:10,640 We're giving away $1000. Give away $1000 a day on the 23 00:01:10,640 --> 00:01:11,680 show. To anyone. 24 00:01:11,680 --> 00:01:14,360 To not anyone. To someone that follows us, 25 00:01:14,360 --> 00:01:16,480 follows Robit and retweets the spaces. 26 00:01:16,480 --> 00:01:18,160 So at the bottom right there's a purple box. 27 00:01:18,160 --> 00:01:21,000 If you're on computer follow, make sure we do Twitter Spaces. 28 00:01:21,000 --> 00:01:23,840 If you're on MacBook, just make sure that you're retweeting the 29 00:01:23,840 --> 00:01:26,200 space that goes live automatically on my account when 30 00:01:26,200 --> 00:01:27,480 I go live. So it's just a purple box. 31 00:01:27,480 --> 00:01:28,960 There's nothing. It's no captions, nothing. 32 00:01:29,160 --> 00:01:30,920 That's the tweet. I'm going to pin it right out to 33 00:01:30,920 --> 00:01:35,600 the top. Formal hour episode 53 already. 34 00:01:35,600 --> 00:01:40,120 You absolutely love to see it. I mean, Boys episode 52 last 35 00:01:40,120 --> 00:01:43,800 week was, it was quite it was Christmas all over again, huh. 36 00:01:43,880 --> 00:01:47,400 That was we should can we revisit that for a second? 37 00:01:47,400 --> 00:01:50,000 I know, I know, We've been posting a ton of videos about it 38 00:01:50,040 --> 00:01:54,880 online, but that was crazy. Yeah, it's sad I missed. 39 00:01:55,000 --> 00:01:57,240 I missed the end of that show. And then I saw. 40 00:01:57,320 --> 00:02:04,560 I watched back to see the videos posting throughout that versus 41 00:02:04,560 --> 00:02:06,520 your level of hosting, which is hilarious. 42 00:02:07,280 --> 00:02:09,600 Yeah, I mean, I have to say I I caught by the way you got you 43 00:02:09,600 --> 00:02:11,480 got caught for a second here. But I know exactly what it was 44 00:02:11,480 --> 00:02:14,560 talking about. He was talking about OV's 45 00:02:14,560 --> 00:02:18,880 straight face. We have hold on. 46 00:02:18,880 --> 00:02:20,400 I think Sam's made a post this morning. 47 00:02:20,400 --> 00:02:23,840 It was so funny. So it's like listener wins a 48 00:02:23,840 --> 00:02:25,720 camp. I panda, this is OV's face. 49 00:02:26,120 --> 00:02:28,920 And then you have you have Listener wins a Rug, Reader 50 00:02:28,920 --> 00:02:33,120 Genesis Obi's Face. Listener wins $13,000 Obi's 51 00:02:33,120 --> 00:02:42,360 face, Listener wins an RLD Obi's face, and Oh my God dude, I was 52 00:02:42,360 --> 00:02:44,480 dying from Mando's comments here. 53 00:02:45,120 --> 00:02:49,760 It's funny and look it that was so good. 54 00:02:49,760 --> 00:02:54,120 But yo, it was like it was like sweet bonanza going on on the 55 00:02:54,120 --> 00:02:56,560 rug video, you know, from our studio on Friday. 56 00:02:56,560 --> 00:02:58,840 So you know, first first hit was a camp eye. 57 00:02:59,200 --> 00:03:02,040 Second hit was was the RLD, which he ended up. 58 00:03:02,040 --> 00:03:04,880 What is he sold it over the weekend, right? 59 00:03:04,960 --> 00:03:08,280 And bought Badagos and then swapped the east to Solana. 60 00:03:10,120 --> 00:03:12,040 You can tell he listens to the show a lot, huh? 61 00:03:12,720 --> 00:03:16,080 And but at least someone from your community picked up the RLD 62 00:03:16,080 --> 00:03:17,800 for a good price, right? OV Is that what happened? 63 00:03:18,200 --> 00:03:20,080 Yeah, exactly. We got it's good because it gets 64 00:03:20,080 --> 00:03:22,360 people in who want to who want to get anything so. 65 00:03:23,080 --> 00:03:25,320 No shaming on here. If you're in NFTS and our loot 66 00:03:25,320 --> 00:03:28,240 boxes and stuff like that, you can dump the shit out of them 67 00:03:28,240 --> 00:03:30,240 into blur beds if you want. You do whatever you want. 68 00:03:30,240 --> 00:03:31,800 This is, this is your call. It's free game. 69 00:03:31,800 --> 00:03:33,680 At the end of the day you just got money for listening to the 70 00:03:33,680 --> 00:03:35,080 show. You want to dump him, you dump 71 00:03:35,080 --> 00:03:37,840 him all you want, but just know there's always going to be 72 00:03:37,840 --> 00:03:39,200 someone to scoop him up from you. 73 00:03:39,200 --> 00:03:42,480 So. So that's a good thing with 74 00:03:42,480 --> 00:03:44,240 these with these liquid markets actually. 75 00:03:44,240 --> 00:03:48,640 So anyways, today's show today, today, what do we got? 76 00:03:48,640 --> 00:03:50,960 I'm going to post a broadcast thing in a second but what a 77 00:03:50,960 --> 00:03:54,040 Sims have in store for us this weekend was packed on the NFT 78 00:03:54,040 --> 00:03:57,920 front that's for sure. Anyways market report as usual 79 00:03:57,920 --> 00:04:01,920 crypto macro yadda yadda. All that good stuff going on. 80 00:04:01,920 --> 00:04:03,680 We'll see what happens. It was really like a link 81 00:04:03,680 --> 00:04:07,120 marines type of weekend huh. The link marines up good 10 82 00:04:07,120 --> 00:04:10,120 points lot of stuff to talk about that Tia and all that good 83 00:04:10,120 --> 00:04:12,000 stuff as usual. So it's it's just the usual 84 00:04:12,000 --> 00:04:14,840 suspects, right. Tia Sui stuff Social fi. 85 00:04:15,160 --> 00:04:20,079 Social Fi is so back with forecaster you know being at the 86 00:04:20,440 --> 00:04:24,160 really at the front of attention in the big time in the big way 87 00:04:24,720 --> 00:04:27,120 at the moment. So we're going to talk about 88 00:04:27,120 --> 00:04:30,360 this for a minute. I messaged the founder who 89 00:04:30,360 --> 00:04:33,040 respectfully say that he just needs a couple of weeks because 90 00:04:33,040 --> 00:04:34,680 they're really busy right now. They're a really small team. 91 00:04:35,080 --> 00:04:36,760 So he's going to come on at some point though. 92 00:04:36,760 --> 00:04:38,080 So that's going to be a really good episode. 93 00:04:38,600 --> 00:04:40,600 And then NFT check up, NFT roundup. 94 00:04:40,600 --> 00:04:43,080 So as usual, you know it was a big ordinals weekend. 95 00:04:43,080 --> 00:04:46,520 So you know RSI see you know puppets, yada, yada yada, all 96 00:04:46,520 --> 00:04:48,600 that good stuff but stuff happening across chains, Solana 97 00:04:48,600 --> 00:04:51,200 East and etcetera. But the big thread that went 98 00:04:51,200 --> 00:04:53,640 like viral I think was Friday or sorry they wanted to. 99 00:04:53,640 --> 00:04:55,200 I think it was Friday though was G Money. 100 00:04:55,760 --> 00:04:59,480 Good friend the show who took $1,000,000 loan, made a small 101 00:04:59,480 --> 00:05:05,280 loan of $1,000,000 on his Ape Punk, which is I believe to be 102 00:05:05,280 --> 00:05:08,120 the biggest loan ever taken on a punk. 103 00:05:08,160 --> 00:05:11,160 Perhaps on NFT, but G Money is going to be joining us to talk 104 00:05:11,160 --> 00:05:11,960 about that. I hit him up. 105 00:05:11,960 --> 00:05:15,240 He's going to come on the show to talk to us about this loan 106 00:05:15,240 --> 00:05:18,320 and like kind of how it works and you know, just give us some, 107 00:05:18,320 --> 00:05:20,760 you know, some good content here for the people that didn't get 108 00:05:20,760 --> 00:05:25,200 to read the threats anyways. Anyways, anyways, why don't we 109 00:05:25,200 --> 00:05:28,760 get this party started with the markets? 110 00:05:41,960 --> 00:05:43,720 Yeah, GM, everyone can. Can you hear me? 111 00:05:43,720 --> 00:05:45,440 OK? I am like, driving, so we'll see 112 00:05:45,440 --> 00:05:47,000 how this goes. But it's. 113 00:05:47,720 --> 00:05:50,480 All right. Yeah, OK, let's see. 114 00:05:51,200 --> 00:05:55,640 Yeah, kind of uneventful I would say as a as a weekend ETH has 115 00:05:55,640 --> 00:06:00,160 been outperforming Bitcoin. Bitcoin, I think it's hanging 116 00:06:00,160 --> 00:06:04,600 out around 43 K Last time I checked Solana, it's been 117 00:06:04,600 --> 00:06:07,760 underperforming, went down to like 96 area, but there are some 118 00:06:07,760 --> 00:06:11,680 old coins still doing OK. So you had link up a lot links 119 00:06:11,680 --> 00:06:14,240 kind of broken out of the range and it's heading towards 20. 120 00:06:14,680 --> 00:06:18,160 You've had suey, you've had say you've had Tia, all the like the 121 00:06:18,160 --> 00:06:21,960 the most recent alts seem to be doing well, but volatility has 122 00:06:22,000 --> 00:06:24,960 really died off over the last few sessions. 123 00:06:24,960 --> 00:06:28,360 I think bitcoins kind of hung around 43 K to be honest. 124 00:06:28,360 --> 00:06:30,680 It's been hanging around this area for the last couple of 125 00:06:30,680 --> 00:06:34,120 months, really like actually kind of got to this level early 126 00:06:34,120 --> 00:06:37,440 January and it's just up, down, stayed around this level. 127 00:06:37,440 --> 00:06:39,760 So it feels like we've been in this range for a while. 128 00:06:39,760 --> 00:06:43,200 A lot of people are saying that this reminds them of the range 129 00:06:43,200 --> 00:06:46,720 that we had for a long period where where Bitcoin hung out 130 00:06:46,720 --> 00:06:51,200 around 26 to 28 K and we've got something similar going on right 131 00:06:51,200 --> 00:06:52,640 now. This has just been going on for 132 00:06:52,640 --> 00:06:54,920 a long, long, long time. Literally two months. 133 00:06:54,920 --> 00:06:57,000 By the way, Mando on the on the screen. 134 00:06:57,440 --> 00:06:59,680 It's a February 4th, December 4th. 135 00:06:59,680 --> 00:07:02,200 That was 42 K. Exactly. 136 00:07:02,240 --> 00:07:05,720 I think, I think I mean this wouldn't really matter but like 137 00:07:05,760 --> 00:07:09,560 the the market and most a lot of participants let's say in the 138 00:07:09,560 --> 00:07:12,240 day-to-day market are degen. So that lever trading the hell 139 00:07:12,240 --> 00:07:14,840 out of this, and it's not been a great I think period for people 140 00:07:14,840 --> 00:07:18,160 who have been trying to catch a breakout of Bitcoin or ETH or 141 00:07:18,160 --> 00:07:21,760 Solana, it feels like they've just been range range bound for 142 00:07:21,760 --> 00:07:25,360 a while and every single time they try and break out you kind 143 00:07:25,360 --> 00:07:27,000 of can get punished trying to catch that. 144 00:07:27,000 --> 00:07:30,480 So I would say it's been a slightly frustrating market for 145 00:07:30,480 --> 00:07:34,000 a lot of people for at least the last month, but let's see what 146 00:07:34,000 --> 00:07:37,640 happens there. Mean coins again didn't really 147 00:07:37,640 --> 00:07:41,440 have a great weekend. They've been a couple of of like 148 00:07:41,440 --> 00:07:44,080 new coins that have come out but like nothing, nothing major. 149 00:07:44,080 --> 00:07:45,960 I would say the majority of the major ones that people have been 150 00:07:45,960 --> 00:07:49,600 tracking recently are lower. There's a new token standard 151 00:07:49,600 --> 00:07:52,400 which I think you even mentioned about control he's he's been 152 00:07:52,400 --> 00:07:54,920 talking about which which had a bit of a run, but other than 153 00:07:54,920 --> 00:07:58,760 that it's been, it's been relatively quiet and then NFTS, 154 00:07:59,360 --> 00:08:01,160 NFTS have actually had an OK period. 155 00:08:01,160 --> 00:08:05,720 So like we've had Bitcoin NFTS had a really strong week and are 156 00:08:05,720 --> 00:08:08,440 sick and and the puppets are kind of breaking out to new 157 00:08:08,440 --> 00:08:11,240 highs. A couple of new new projects on 158 00:08:11,240 --> 00:08:16,560 ETH have done have done well and yeah Solana Solana FTS have 159 00:08:16,560 --> 00:08:20,000 slightly underperformed I think but that's that's just because I 160 00:08:20,000 --> 00:08:22,240 think Sol itself is like slightly underperformed since 161 00:08:22,440 --> 00:08:26,280 the Jupiter AirDrop. Jupiter as an AirDrop is hasn't 162 00:08:26,520 --> 00:08:34,280 really been supported 5 billion roughly and but we've got a new 163 00:08:34,280 --> 00:08:38,880 AirDrop coming tomorrow that is the dimension AirDrop which 164 00:08:40,760 --> 00:08:42,880 yeah, well Dimension mainnet is tomorrow. 165 00:08:42,880 --> 00:08:45,640 I'm pretty sure that's the same time as the new AirDrop coming 166 00:08:45,640 --> 00:08:50,560 but that is already a 4 billion AirDrop in the in the pre 167 00:08:50,560 --> 00:08:53,000 market. So that'll be another one that 168 00:08:53,000 --> 00:08:56,760 everyone starts writing threads on and then there's been a few 169 00:08:56,760 --> 00:09:00,760 other ones that people are now soundtrack Egon Layer has been 170 00:09:00,760 --> 00:09:03,160 like the next big one that people are looking at that's 171 00:09:03,160 --> 00:09:05,840 broken into the top 10 for D5 over the weekend. 172 00:09:06,960 --> 00:09:09,080 But yeah, I would say that's what people are going to be 173 00:09:09,080 --> 00:09:10,640 focusing on. Still, air drops. 174 00:09:11,320 --> 00:09:14,000 It feels like game is going to be the big one this week. 175 00:09:14,240 --> 00:09:18,360 Solana is slightly losing the, I would say the focus of the 176 00:09:18,360 --> 00:09:22,880 market right now. Like I kind of felt like it 177 00:09:22,880 --> 00:09:25,600 would push on from Jupiter, but because Jupiter hasn't performed 178 00:09:25,600 --> 00:09:28,080 that well, it feels as though other things are starting to 179 00:09:28,080 --> 00:09:30,040 catch up. You've seen people go back to 180 00:09:30,040 --> 00:09:34,880 things like tears as like the way to get air drops or suey or 181 00:09:36,080 --> 00:09:37,720 any of these, right? Like everyone's just trying to 182 00:09:37,720 --> 00:09:39,240 catch the next AirDrop. And it's kind of what you said 183 00:09:39,240 --> 00:09:42,400 last week for Rogan, I think we keep on seeing it is that there 184 00:09:42,400 --> 00:09:45,920 hasn't been that many new people that have entered during this 185 00:09:45,920 --> 00:09:49,640 bull run and you the only way you can see that is just because 186 00:09:49,800 --> 00:09:53,240 one thing pumps, everything else kind of falls. 187 00:09:55,000 --> 00:09:57,560 I think we're starting to see that a little bit like if pumps 188 00:09:57,640 --> 00:10:01,040 and everything has to fall for eats to pump or if someone's 189 00:10:01,040 --> 00:10:05,120 trying to catch the new tier like staking, then sorry air 190 00:10:05,120 --> 00:10:07,280 drops and all the other alts start to fall. 191 00:10:07,280 --> 00:10:10,480 So it still feels like a one in, one out policy at the moment 192 00:10:10,480 --> 00:10:16,360 with like crypto and I don't know that's not that doesn't 193 00:10:16,360 --> 00:10:20,720 strike me as that great. I do think that Bitcoin like 194 00:10:20,720 --> 00:10:24,640 relentless buying from the ETFs will just make sure we don't dip 195 00:10:24,800 --> 00:10:27,720 much and probably actually I think Bitcoin is not a bad long 196 00:10:27,720 --> 00:10:29,520 here. I think Bitcoin, I think, could 197 00:10:29,520 --> 00:10:32,640 just continue to grind higher for a little bit, particularly 198 00:10:32,640 --> 00:10:36,480 into the halving, but it does feel like it's a slightly 199 00:10:36,480 --> 00:10:39,560 dangerous period to hold on to any narrative for too long 200 00:10:39,880 --> 00:10:41,400 because the market feels very jumpy. 201 00:10:42,680 --> 00:10:45,800 Yeah, that's listen like this is something, it's funny because I 202 00:10:45,800 --> 00:10:47,920 know I've been sending you some Chris Burnsky tweets here and 203 00:10:47,920 --> 00:10:50,320 there, though sometimes it's a little more on the bare side. 204 00:10:50,320 --> 00:10:52,920 But I I was reading actually a very interesting thread that he 205 00:10:52,920 --> 00:10:55,880 shared yesterday that Dees was talking about that kind of talks 206 00:10:55,880 --> 00:10:58,800 about this like he's like a long only type of person but his only 207 00:10:59,880 --> 00:11:02,400 it's not even criticism. Sorry I don't know how to say 208 00:11:02,400 --> 00:11:07,360 where like his only like like one of his main thesis is like 209 00:11:07,360 --> 00:11:10,960 why this is not like fully running yet is because we we 210 00:11:10,960 --> 00:11:13,600 have the price action and we have the attention we just don't 211 00:11:13,600 --> 00:11:17,640 have the participation yet. And I just for me like I I 212 00:11:17,680 --> 00:11:21,160 always studied this from like more of a social media slash 213 00:11:21,160 --> 00:11:23,880 media perspective because like obviously like even now with 214 00:11:23,880 --> 00:11:27,080 decrypt even more like we have access to data that like shows 215 00:11:27,080 --> 00:11:29,160 us like the level of participation that we get from 216 00:11:29,160 --> 00:11:32,680 like external links, amount of searches, how many people 217 00:11:32,680 --> 00:11:35,360 clicked on the article about the ETF or how many about an 218 00:11:35,360 --> 00:11:37,000 Ethernete project or this and that. 219 00:11:37,000 --> 00:11:40,480 Like I see it from that perspective and I really like I 220 00:11:40,480 --> 00:11:42,520 really share his thoughts when it comes to like we just don't 221 00:11:42,520 --> 00:11:46,640 have enough like market participants in the, in the in 222 00:11:46,640 --> 00:11:50,360 the space yet to be able to go into a full mania bull run like 223 00:11:50,360 --> 00:11:51,760 you saw what happened with Jupiter. 224 00:11:51,760 --> 00:11:55,000 And and that $200 million which obviously starting to weigh in 225 00:11:55,000 --> 00:11:57,800 on the solan ecosystem side. So for example like NFTS, we'll 226 00:11:57,800 --> 00:12:01,400 talk about them in a second, you know right on on ordinals and 227 00:12:01,400 --> 00:12:04,320 whatnot, but there's they're not really running on on on on 228 00:12:04,320 --> 00:12:06,760 Solana at all at the moment. It's just kind of been stale for 229 00:12:06,760 --> 00:12:09,240 the last couple weeks like we'll do a market report a second 230 00:12:09,240 --> 00:12:11,440 front FTS, but every time we go on it's like kind of been the 231 00:12:11,440 --> 00:12:14,680 same thing, maybe couple sold up, couple sold down. 232 00:12:14,680 --> 00:12:17,320 But on the coins here, Mando, I don't know that's just how I 233 00:12:17,320 --> 00:12:19,040 feel. I mean OV we got. 234 00:12:19,240 --> 00:12:20,320 So I have, I want to ask you two things. 235 00:12:20,320 --> 00:12:23,080 First of all, your thoughts here on the market, but second of 236 00:12:23,080 --> 00:12:28,320 all, what's this like 60 Minutes interview that came out 237 00:12:28,320 --> 00:12:30,800 yesterday with Chair Fed Chair Powell? 238 00:12:30,800 --> 00:12:34,360 Like, did you have time to look into that and what it means? 239 00:12:34,760 --> 00:12:36,480 Yeah. I don't think they said anything 240 00:12:36,480 --> 00:12:40,040 terribly different to what they said at the FOMC last week. 241 00:12:40,040 --> 00:12:42,520 But there were some comments, there were some comments to say 242 00:12:42,520 --> 00:12:45,480 that they definitely expected rate cuts this year. 243 00:12:45,920 --> 00:12:48,960 I think they reiterated there wouldn't be any rate cuts in 244 00:12:49,080 --> 00:12:53,160 March. And maybe there's some language 245 00:12:53,160 --> 00:12:56,160 that suggests that like and we may be thinking about like three 246 00:12:56,160 --> 00:12:58,760 rate cuts rather than six rate cuts. 247 00:12:59,440 --> 00:13:01,440 But again, I think this is kind of like what we spoke about last 248 00:13:01,440 --> 00:13:06,720 week where people just didn't really like, they didn't. 249 00:13:08,120 --> 00:13:11,280 The market was kind of really aggressively expecting for 250 00:13:11,400 --> 00:13:15,840 sooner rate cuts than maybe what we were expecting basically. 251 00:13:17,840 --> 00:13:19,400 That was basically it really. It wasn't really. 252 00:13:19,400 --> 00:13:23,000 I don't think there's anything like surprising or new for it. 253 00:13:23,800 --> 00:13:25,800 It was just a reiteration of the FOMC I think. 254 00:13:26,760 --> 00:13:29,920 Oh, OK, so there's nothing like it's a non event? 255 00:13:29,920 --> 00:13:32,040 Yeah, what? Obi said there is correct. 256 00:13:32,040 --> 00:13:34,120 I don't think he said that much new, but the market did react. 257 00:13:34,120 --> 00:13:38,200 I mean I don't know where tenure was tenure this morning, so, so 258 00:13:38,200 --> 00:13:43,320 it was at 3.8% roughly on early Friday and now it's at 4.1%. 259 00:13:43,320 --> 00:13:46,520 So it's been quite a big move in in 10 year. 260 00:13:46,520 --> 00:13:48,720 But again it's not really that much new. 261 00:13:48,920 --> 00:13:53,080 I think just it's just like a combination of things happening. 262 00:13:53,520 --> 00:13:55,800 The other big, big macro thing to be watching out for and 263 00:13:55,800 --> 00:13:59,960 you'll continue to see. I would say I I I think you'll 264 00:13:59,960 --> 00:14:03,360 see a lot more on the timeline is just how bad the Chinese 265 00:14:03,360 --> 00:14:07,840 stock market is at the moment and this has been like a long 266 00:14:07,840 --> 00:14:13,960 brewing thing, but I had to pick up Chinese stocks were down 8% 267 00:14:13,960 --> 00:14:16,720 on Sunday. They are. 268 00:14:16,720 --> 00:14:19,280 They were down again today, but there was some, there was some 269 00:14:19,280 --> 00:14:21,920 buying from. It's like this big stimulus 270 00:14:21,920 --> 00:14:23,640 package. Remember we spoke about 270 271 00:14:23,640 --> 00:14:24,640 billion of stimulus coming through. 272 00:14:26,640 --> 00:14:28,680 People are getting very bearish on China. 273 00:14:28,720 --> 00:14:32,160 I think January was like one of the the biggest outflows for 274 00:14:32,160 --> 00:14:35,920 Chinese stocks. It is about I think about 2 275 00:14:35,920 --> 00:14:37,480 billion left from foreign investors. 276 00:14:37,480 --> 00:14:38,960 So a lot of foreign money leaving. 277 00:14:39,200 --> 00:14:40,480 They're trying to ban short selling. 278 00:14:40,480 --> 00:14:42,760 They're trying to prop it up by the central bank and by. 279 00:14:43,240 --> 00:14:44,800 Wait, they're banning short selling? 280 00:14:45,680 --> 00:14:48,120 Well, they're banning it without saying that they're banning it. 281 00:14:48,120 --> 00:14:51,000 They're making it very, very difficult, very difficult to do 282 00:14:53,240 --> 00:14:55,120 and just generally it's like it's people are going to get 283 00:14:55,120 --> 00:14:56,880 worried about that. From a macro perspective it's 284 00:14:56,880 --> 00:14:59,400 been a long as many things driving it. 285 00:14:59,400 --> 00:15:03,840 But it's it's mainly it's the it's the it's the real estate 286 00:15:03,840 --> 00:15:08,560 market and just just the effects of a shrinking population on 287 00:15:08,560 --> 00:15:10,880 what people assume is going to be massive growing demand. 288 00:15:10,880 --> 00:15:17,560 I mean, Evergrand itself owes owes the market or owes 289 00:15:18,040 --> 00:15:19,960 financial participants about 300 billion. 290 00:15:20,720 --> 00:15:24,440 Fuck. And it says it has 200, about 291 00:15:24,440 --> 00:15:28,480 250 billion of assets. So in that sort of scenario when 292 00:15:28,480 --> 00:15:31,600 you when you owe more than you your assets you have to go into 293 00:15:31,640 --> 00:15:33,640 to to bankruptcy. That's what Evergrand did. 294 00:15:34,240 --> 00:15:38,720 But like we don't know, we don't know if it really does have 250 295 00:15:38,720 --> 00:15:42,400 billion of assets, it might have like 50 billion of assets. 296 00:15:42,400 --> 00:15:46,200 Like they've valued a lot of this property at a very high 297 00:15:46,200 --> 00:15:48,080 level for a long time. And it's not just evergrand, 298 00:15:48,080 --> 00:15:51,920 it's it's a there's a very, very prominent shadow banking 299 00:15:54,440 --> 00:15:58,400 financial position called zongzi down and it's very similar like 300 00:15:58,600 --> 00:16:03,200 they're going down and it's very clear that liabilities are 301 00:16:03,200 --> 00:16:04,640 higher than their assets. But these are. 302 00:16:06,440 --> 00:16:12,800 Institutions like 300 billion is is pretty big for evergrand to 303 00:16:12,800 --> 00:16:15,800 go down and you're going to have about no, it seems like they 304 00:16:16,480 --> 00:16:20,120 right now China is is basically trying to merge a ton of its 305 00:16:20,120 --> 00:16:21,880 regional banks. So basically what happened in 306 00:16:21,880 --> 00:16:23,600 the US you know when all the regional banks had issues, 307 00:16:24,000 --> 00:16:26,640 China's had to go through and go through all its regional lenders 308 00:16:26,880 --> 00:16:30,280 and just merge them all into one because it's having such a such 309 00:16:30,280 --> 00:16:34,200 a disaster right now with all this bad, bad assets on the 310 00:16:34,200 --> 00:16:37,560 balance sheet mainly from the real estate sector. 311 00:16:37,560 --> 00:16:42,200 So this is this is like 2008 for China like this is a housing 312 00:16:42,200 --> 00:16:47,120 market exploding in China and everyone realizing that they 313 00:16:47,120 --> 00:16:51,680 have really bad yet essentially and really bad assets as well. 314 00:16:52,080 --> 00:16:56,240 So and it's a slow moving car crash that doesn't really get 315 00:16:56,240 --> 00:16:57,880 better. Like this is a Chinese 316 00:16:57,880 --> 00:17:01,640 population that people if you if you continue the the the stick 317 00:17:01,680 --> 00:17:04,400 like the the current projections like it's a population that 318 00:17:04,400 --> 00:17:07,760 could drop 50% by the end of the century. 319 00:17:09,240 --> 00:17:13,000 So yeah, like it's it's a really, really, really bad time 320 00:17:13,359 --> 00:17:16,319 for for for Chinese property right now. 321 00:17:16,319 --> 00:17:19,119 And there isn't really that much of A light at the end of the 322 00:17:19,119 --> 00:17:21,200 tunnel. Like it's just a lot of bad 323 00:17:21,200 --> 00:17:22,599 things are still going to have to happen Now. 324 00:17:22,920 --> 00:17:24,880 The other side of that is like one of the big bets of Bitcoin 325 00:17:24,880 --> 00:17:27,280 and and and crypto is that things will continue to. 326 00:17:28,040 --> 00:17:30,720 You. Know go wrong and the the number 327 00:17:30,720 --> 00:17:33,720 one policy will be that we print money and and we bail out 328 00:17:33,800 --> 00:17:37,240 everyone and that that matters as much in the US as it does in 329 00:17:37,240 --> 00:17:39,160 China. So if China's doing that and 330 00:17:39,160 --> 00:17:41,880 it's pumping and it's printing all this money, which is? 331 00:17:46,240 --> 00:17:48,160 Gone. And you've got to have, you 332 00:17:48,160 --> 00:17:50,200 know, Bitcoin's the hardest, hardest asset out there. 333 00:17:50,560 --> 00:17:51,880 Ethereum is the hardest asset out there. 334 00:17:51,880 --> 00:17:55,640 So this is still, I would say, not terrible for crypto, but 335 00:17:55,800 --> 00:17:57,520 that you can have bad correlation at times like this. 336 00:17:58,440 --> 00:18:00,320 All right. Well, that's a that's a really 337 00:18:00,320 --> 00:18:03,280 good market round up here, especially on the China side. 338 00:18:03,280 --> 00:18:04,880 This is crazy. I know you've been talking about 339 00:18:04,880 --> 00:18:07,840 it for a minute now, but this is like looks like it's not getting 340 00:18:07,840 --> 00:18:11,120 any better at the moment. So hate to see that the other 341 00:18:11,120 --> 00:18:13,080 big runner here on the market side was Link. 342 00:18:13,640 --> 00:18:16,080 What's up with Link? I mean, look at that. 343 00:18:16,080 --> 00:18:19,960 I mean, nearing $20 now there's the Link Marines, you know, 344 00:18:19,960 --> 00:18:23,280 they've been accumulating forever getting, you know, 345 00:18:23,320 --> 00:18:25,200 getting rewarded here. Love to see it. 346 00:18:25,200 --> 00:18:26,680 What is there? Was there anything going on 347 00:18:26,680 --> 00:18:27,680 there? It's just like something that 348 00:18:27,680 --> 00:18:29,600 was just bound to be to accumulation over time. 349 00:18:33,680 --> 00:18:37,000 No, nothing really. I mean, it's been a, it's been a 350 00:18:37,000 --> 00:18:39,480 accumulation. I mean, it was trading around 351 00:18:39,480 --> 00:18:42,200 7:00 just a few months ago, like 6 months ago, right. 352 00:18:42,200 --> 00:18:50,280 So it's it's done about 3X and you know the the the big link is 353 00:18:50,280 --> 00:18:54,000 like a piece as in link is an Oracle. 354 00:18:54,160 --> 00:18:58,440 So with an Oracle it just they provide a lot of the data which 355 00:18:58,440 --> 00:19:05,600 isn't online. Oh, I think he's driving through 356 00:19:05,640 --> 00:19:07,040 somewhere with a poor connection. 357 00:19:08,640 --> 00:19:12,360 Hello. Oh yeah, I've got bad connection 358 00:19:12,360 --> 00:19:13,440 now. It's all good. 359 00:19:13,440 --> 00:19:14,920 Don't worry about it. Yeah, we hear you. 360 00:19:16,960 --> 00:19:19,240 Basically Link is behind like everything so. 361 00:19:19,440 --> 00:19:21,600 Yeah, link. Right. 362 00:19:21,880 --> 00:19:25,480 Yeah, it feels like. It's a lot of talk that it's 363 00:19:25,480 --> 00:19:29,080 going to be, there's going to be a lot of talk, it's going to be 364 00:19:29,080 --> 00:19:32,640 used to power a lot of black rocks movement into the crypto 365 00:19:32,640 --> 00:19:34,440 space. So people are getting very build 366 00:19:34,440 --> 00:19:37,160 up. On the other hand, a lot of link 367 00:19:37,160 --> 00:19:40,360 is owned by the foundation and they tend to sell it on every 368 00:19:40,360 --> 00:19:42,720 single pump. So no one really trusts link 369 00:19:42,720 --> 00:19:44,840 pumps. Like even over the weekend, the 370 00:19:44,840 --> 00:19:47,040 The Link Foundation was selling a ton of Link look like. 371 00:19:48,040 --> 00:19:51,040 These foundations, bro. These foundations. 372 00:19:51,320 --> 00:19:53,480 You know what? Not buying any tokens from any 373 00:19:53,480 --> 00:19:55,040 foundations anymore. I'm just kidding. 374 00:19:55,040 --> 00:19:57,520 It's like the ways every single crypto company set up. 375 00:19:58,040 --> 00:19:59,240 There's no choice. All right. 376 00:19:59,240 --> 00:20:01,840 Well. You know, we'll see what happens 377 00:20:01,840 --> 00:20:04,640 on that front, but love to see. I just, I just love seeing Link 378 00:20:04,640 --> 00:20:07,280 pump because like I know a lot of people hold Link in space and 379 00:20:07,280 --> 00:20:09,720 it's in the Link Marines like probably like your fork right 380 00:20:09,720 --> 00:20:10,520 now. So that's been running. 381 00:20:10,640 --> 00:20:12,640 One other thing that's been running for a minute now is Ron 382 00:20:12,640 --> 00:20:16,400 like Ron went all the way like 3-3 I think obviously top loss 383 00:20:16,400 --> 00:20:18,600 today, but like that's after like a massive gain. 384 00:20:18,600 --> 00:20:21,640 So take that with a grain of salt that's been going on 385 00:20:22,280 --> 00:20:25,040 personally speaking just waiting on this pump protection or 386 00:20:25,040 --> 00:20:28,000 plunge protection mind you OV thank you for reminding that to 387 00:20:28,000 --> 00:20:30,920 stop on on Jupiter. So we'll see what happened 388 00:20:30,920 --> 00:20:32,760 there. Just quick recap though. 389 00:20:32,760 --> 00:20:34,920 Another thing that happened this weekend on the corn side, there 390 00:20:34,920 --> 00:20:37,840 is some beef. There is some beef. 391 00:20:38,320 --> 00:20:42,160 I'm noticing there's there's there's the two dogs with hats. 392 00:20:42,160 --> 00:20:46,080 Now what's going on OV you are the dog with hat resident 393 00:20:46,080 --> 00:20:48,960 expert. I mean look we may as well talk 394 00:20:48,960 --> 00:20:50,120 but this is we're talking about a token. 395 00:20:50,120 --> 00:20:51,520 I want the half a billion dollars. 396 00:20:52,040 --> 00:20:55,280 And that's we're seeing. I'm having like Pepe flashbacks 397 00:20:55,280 --> 00:20:57,160 here, like I'm, I have full PTSD. 398 00:20:57,160 --> 00:21:03,280 What's going on? Yeah, so the person, I wouldn't 399 00:21:03,280 --> 00:21:06,360 say the person that created the dock with that meme, but one of 400 00:21:06,360 --> 00:21:11,840 the original people who just made it popular or whatever, 401 00:21:11,920 --> 00:21:15,480 Yeah, exactly. They seem to have come to the 402 00:21:15,480 --> 00:21:18,040 market and they tried to like claim they made it and they made 403 00:21:18,040 --> 00:21:22,680 like a version of it on ETH and they tried to pump it, but like 404 00:21:22,680 --> 00:21:25,800 a bunch of insider while it's sold and kind of like dumped the 405 00:21:25,800 --> 00:21:29,240 whole thing really. So I don't think there's really 406 00:21:29,240 --> 00:21:30,840 much more to it. Like I think the original meme 407 00:21:30,840 --> 00:21:34,600 was like posted by someone on Instagram just how like someone 408 00:21:34,600 --> 00:21:38,800 owns like the original Doge meme and they mean a meme coin out of 409 00:21:38,800 --> 00:21:41,680 it. And it feels like to me maybe 410 00:21:41,680 --> 00:21:44,920 like some shit coin devs got a hold of like the person and was 411 00:21:44,920 --> 00:21:46,280 like hey, you should just do this. 412 00:21:46,800 --> 00:21:49,280 And then the shit coin does basically are the ones that made 413 00:21:49,280 --> 00:21:50,800 all the money out of dumping. And then they've left this 414 00:21:50,880 --> 00:21:54,360 person, this poor person, poor, I don't know poor, not poor, but 415 00:21:54,360 --> 00:21:57,560 this person with this coin and that's basically it. 416 00:21:57,560 --> 00:22:00,760 So he had a bit of like faff with that over the weekend but 417 00:22:00,760 --> 00:22:04,040 it seems like that coin is is has almost died. 418 00:22:04,040 --> 00:22:05,160 I think so. So. 419 00:22:05,320 --> 00:22:09,360 It went all the way up to how much it's still they pumped. 420 00:22:09,640 --> 00:22:13,240 They pumped it to 30, I think, and then it's dropped to about 421 00:22:13,240 --> 00:22:16,360 10, pumped to the 30 on like the first a few seconds, then 422 00:22:16,360 --> 00:22:19,160 immediately drop back down to 10, yeah. 423 00:22:19,160 --> 00:22:21,720 And then overnight it's down another another 50%. 424 00:22:22,480 --> 00:22:24,560 Wow. OK, that was crazy. 425 00:22:24,680 --> 00:22:27,200 I I usually that turns me off from a coin, no matter how much 426 00:22:27,200 --> 00:22:28,760 I like it. Like to see something like that 427 00:22:28,760 --> 00:22:31,080 going on. But we'll see how what what 428 00:22:31,080 --> 00:22:33,480 happens? What's the real whiff at 2:00? 429 00:22:33,480 --> 00:22:36,480 Real whiffs at 2210, Yeah. To 11, yeah. 430 00:22:37,200 --> 00:22:39,880 Two, I mean, still strong, if you ask me, especially after the 431 00:22:39,880 --> 00:22:42,560 whole Jupiter stuff, like a lot of meme coins got decimated on 432 00:22:42,560 --> 00:22:46,000 the Solana side, and it seems like it's holding out pretty 433 00:22:46,000 --> 00:22:47,200 well. So we'll see what happens there. 434 00:22:47,200 --> 00:22:49,720 But that was, man, a lot of stuff happened this weekend. 435 00:22:49,720 --> 00:22:52,000 Like sometimes I talk about something on the Monday morning 436 00:22:52,040 --> 00:22:54,920 and it's funny because that dog whiff thing feels like it was 437 00:22:54,920 --> 00:22:56,040 too a single and we're already over it. 438 00:22:56,040 --> 00:23:00,440 But it really like it happened Friday, where it's a the 439 00:23:00,440 --> 00:23:03,400 original, it's a gamer, right? It's a big Fortnite gamer and 440 00:23:03,400 --> 00:23:06,800 has a large audience that posted the meme and made it popular in 441 00:23:06,800 --> 00:23:10,680 20. It was like years ago, then came 442 00:23:10,680 --> 00:23:12,800 and claimed that said he got nothing out of it. 443 00:23:13,720 --> 00:23:16,440 I mean, it's not like it's his dog on the picture either. 444 00:23:17,320 --> 00:23:20,880 And then created one on ETH and then it it became a whole ETH 445 00:23:20,880 --> 00:23:24,000 versus Solana thing, which was funny to watch. 446 00:23:24,800 --> 00:23:27,440 They didn't play anything. I've been quite a kind of off 447 00:23:27,440 --> 00:23:29,320 the charts in the training for a minute, so it kind of feels 448 00:23:29,320 --> 00:23:32,000 good. I'm not gonna lie, it's it's 449 00:23:32,000 --> 00:23:34,960 been it's been great. You know, I didn't know the 450 00:23:34,960 --> 00:23:38,880 price of of of Bitcoin ether soul until we started the show. 451 00:23:40,200 --> 00:23:43,640 Pretty. I usually wake up, turn my alarm 452 00:23:43,640 --> 00:23:48,480 off and open coin market cap. I just like knowing the price. 453 00:23:48,880 --> 00:23:50,400 But lately I've been closing everything. 454 00:23:50,400 --> 00:23:52,320 It's been feeling, it's felt. It feels right. 455 00:23:52,480 --> 00:23:54,320 It doesn't feel like this environment for trading at the 456 00:23:54,320 --> 00:23:55,240 moment. I don't know, it just feels 457 00:23:55,240 --> 00:23:57,680 weird to me. But it seems like lots of lots 458 00:23:57,680 --> 00:24:02,160 of opportunities all around the space. 459 00:24:02,160 --> 00:24:05,200 And then quickly, I mean, look, I see G money's in the studio. 460 00:24:05,200 --> 00:24:06,560 I'm going to bring you up in a minute here. 461 00:24:06,840 --> 00:24:10,160 But the other big stuff that's happening on the timeline that 462 00:24:10,160 --> 00:24:12,240 everybody's probably paying attention at the moment and if 463 00:24:12,240 --> 00:24:14,640 not you're probably getting it like, you know, shown to you all 464 00:24:14,640 --> 00:24:17,720 day long is Forecaster. Forecaster is popping off. 465 00:24:18,400 --> 00:24:20,960 You know, they've been working on this for a long time now, I 466 00:24:20,960 --> 00:24:22,320 think a couple of years actually. 467 00:24:23,200 --> 00:24:26,200 And this is from Hosev here who wrote seems like Forecaster 468 00:24:26,200 --> 00:24:30,120 Mindshare just hit all time highs DA us going vertical. 469 00:24:30,680 --> 00:24:36,440 So according to Kaitwai it has had more mentions on CT today 470 00:24:36,440 --> 00:24:41,720 than any token in all crypto. So yesterday that was and that's 471 00:24:41,720 --> 00:24:43,720 actually pretty accurate per my timeline. 472 00:24:43,720 --> 00:24:49,160 I saw everybody start you know going at it pretty hard. 473 00:24:49,440 --> 00:24:54,400 But it has been getting it has been getting a lot of of 474 00:24:54,400 --> 00:24:57,200 attention on there and there's a lot of people you know getting 475 00:24:57,200 --> 00:25:00,840 around. I personally spent not an hour 476 00:25:00,840 --> 00:25:03,040 yesterday night just like reading different threads about 477 00:25:03,040 --> 00:25:05,920 it, compiling different threads and stuff from different, you 478 00:25:05,920 --> 00:25:06,800 know, people that wrote about it. 479 00:25:06,800 --> 00:25:08,840 We're going to put a little deep dive right up about it on the 480 00:25:08,840 --> 00:25:11,200 crypt probably for you guys to just be able to see it there. 481 00:25:11,200 --> 00:25:15,160 But I I think it's something that people should look into and 482 00:25:15,160 --> 00:25:17,360 that is interesting. I mean over are you looking into 483 00:25:17,360 --> 00:25:19,240 it yet or not yet? I think it's. 484 00:25:19,240 --> 00:25:20,600 Much. Yeah, I got it. 485 00:25:20,600 --> 00:25:25,160 I set up yesterday. It's all right. 486 00:25:25,160 --> 00:25:31,720 I mean it's just really hard to displace social media platform 487 00:25:31,720 --> 00:25:34,920 and I think most people, I mean, I don't know, I can't speak for 488 00:25:34,920 --> 00:25:38,640 everyone, but for me, I'm just too busy to post on more than 489 00:25:38,640 --> 00:25:43,120 one platform, right. So I don't really care about 490 00:25:43,800 --> 00:25:47,280 growing my Forecaster. Like if everyone uses Forecaster 491 00:25:47,920 --> 00:25:50,800 then I will use Forecaster. But at the moment it's just kind 492 00:25:50,800 --> 00:25:53,400 of like, I don't know, I just I hate, I hate these new platforms 493 00:25:53,400 --> 00:25:55,680 where we go on it and everyone's just like you can tell it's just 494 00:25:55,680 --> 00:25:57,880 like a land grab for people to have another crack at like 495 00:25:58,680 --> 00:26:00,960 trying to like dominate it and you just it just it's just like 496 00:26:00,960 --> 00:26:04,240 Max cringe the content on it. So I just find it really hard to 497 00:26:04,240 --> 00:26:06,760 read it and I just, I don't know. 498 00:26:06,760 --> 00:26:09,600 I just can't really be bothered to like post on X and then post 499 00:26:09,640 --> 00:26:14,040 on podcaster. So it looks all right and I 500 00:26:14,040 --> 00:26:16,480 don't really understand, like maybe you can get an air drop 501 00:26:16,480 --> 00:26:19,840 and all that stuff, but I think it's going to take a lot more 502 00:26:19,840 --> 00:26:24,280 than what they have to replace X in my opinion. 503 00:26:24,600 --> 00:26:27,080 Yeah, I mean, I think what I like about Forecaster right now 504 00:26:27,080 --> 00:26:28,760 is people are not chasing the AirDrop, right? 505 00:26:29,200 --> 00:26:32,120 Like I think what they've done right is they've captured the 506 00:26:32,120 --> 00:26:34,360 attention of people. So this is Warpcast, which 507 00:26:34,560 --> 00:26:37,840 Forecaster is a protocol, right? It's actually a fully 508 00:26:37,840 --> 00:26:41,000 decentralized, like a properly decentralized protocol built on 509 00:26:41,000 --> 00:26:45,800 top of Ethereum. Warpcast is the app that that 510 00:26:45,800 --> 00:26:49,000 I'm remembering his team are building on top of Forecaster to 511 00:26:49,000 --> 00:26:52,320 use the protocol, right. What I find interesting will be 512 00:26:52,320 --> 00:26:54,880 personally speaking. So I was telling Mando yesterday 513 00:26:54,880 --> 00:26:57,000 why I think for example, for you, yeah, I get it. 514 00:26:57,520 --> 00:26:59,960 But for Mando, I'm like, well, he should be having his minutes 515 00:26:59,960 --> 00:27:01,080 on. There, Absolutely, yeah. 516 00:27:01,920 --> 00:27:05,400 Because like there's over 10,000 actual active users daily that 517 00:27:05,400 --> 00:27:08,000 are not there for an AirDrop, meaning that they're mindfully 518 00:27:08,440 --> 00:27:11,200 using it. And it seems like a lot of the 519 00:27:11,200 --> 00:27:15,200 VCs or Ethereum heads, a lot of like the folks that went out 520 00:27:15,200 --> 00:27:18,000 there to start using it because of the noise and the lower 521 00:27:18,000 --> 00:27:22,040 signal content on X to be able to have higher signal content 522 00:27:22,160 --> 00:27:24,680 there. So for me, I agree with you that 523 00:27:24,680 --> 00:27:28,080 at the beginning of a platform, it's like why would I go on 524 00:27:28,080 --> 00:27:29,080 there? The content is cringe 'cause 525 00:27:29,080 --> 00:27:31,040 everybody's trying to land grab, like you said, like the land 526 00:27:31,040 --> 00:27:33,200 grab type of content is super cringe. 527 00:27:34,080 --> 00:27:38,040 But it got to a point where where I see over 10,000 people 528 00:27:38,040 --> 00:27:41,200 showing up every day and I know that all 10,000 of these are 529 00:27:41,200 --> 00:27:43,760 people that could participate in what we're building. 530 00:27:45,200 --> 00:27:49,120 Then I get interested in that. So I think, like, I think that's 531 00:27:49,120 --> 00:27:51,320 when I personally get interested in like obviously like 532 00:27:51,320 --> 00:27:53,920 internally I've told it to crypt or grado teams. 533 00:27:53,920 --> 00:27:55,960 We're talking about some stuff. I'm like how can we build 534 00:27:55,960 --> 00:27:58,840 something on top of forecaster that can bring value or even 535 00:27:58,840 --> 00:28:00,640 help distribute the content that we push daily. 536 00:28:00,640 --> 00:28:03,880 Like, I'm already trying to see if we can start broadcasting 537 00:28:03,880 --> 00:28:05,800 this on there because we're already doing it. 538 00:28:05,920 --> 00:28:07,040 So we might as well, you know what I mean? 539 00:28:07,120 --> 00:28:09,640 Like, that's how I think about these things personally 540 00:28:09,640 --> 00:28:12,280 speaking. And for Mando, I was like, I 541 00:28:12,280 --> 00:28:14,000 wish he was here, but that's what was right into him last 542 00:28:14,000 --> 00:28:15,160 night. I was like, dude, like Fernando 543 00:28:15,160 --> 00:28:16,720 minutes, like, this is literally your crowd. 544 00:28:16,800 --> 00:28:19,720 Like, this is the most perfect place for you to go and dominate 545 00:28:19,760 --> 00:28:23,200 A newsletter that you're already doing it everywhere. 546 00:28:23,200 --> 00:28:24,960 But yeah, for you I get it. Like, it's just different. 547 00:28:25,480 --> 00:28:27,960 It depends on the people. But I definitely think there's a 548 00:28:27,960 --> 00:28:30,080 lot of, oh, G money, just follow me on there. 549 00:28:30,080 --> 00:28:32,080 Let me, let let me follow the man back. 550 00:28:32,080 --> 00:28:33,800 You know, Speaking of G money, let me get G money up on say, 551 00:28:33,800 --> 00:28:35,040 what's up, G what's? Up. 552 00:28:35,040 --> 00:28:36,640 Hey, how are you? Good morning. 553 00:28:37,200 --> 00:28:40,600 GM I I just clearly you're you're paying attention to this 554 00:28:40,600 --> 00:28:42,160 combo so I'm gonna bring you up on here. 555 00:28:43,000 --> 00:28:46,720 What do you think of Forecaster and and and and in general? 556 00:28:46,760 --> 00:28:50,200 You've been on it for a minute. So I've been on it for a minute, 557 00:28:50,200 --> 00:28:54,280 but I didn't start using it till like yesterday or maybe 558 00:28:54,280 --> 00:28:57,640 Saturday. And I I think I'm like, I think 559 00:28:57,640 --> 00:28:59,680 I'm pretty much in the same boat as you guys, right? 560 00:28:59,680 --> 00:29:03,280 Where it's like when you see these new social, like social 561 00:29:03,280 --> 00:29:05,160 media networks are just so hard to displace. 562 00:29:05,600 --> 00:29:08,560 But there's something interesting happening here. 563 00:29:08,560 --> 00:29:10,800 I like, really like the frame stuff. 564 00:29:10,800 --> 00:29:12,480 I just minted something on a frame. 565 00:29:12,960 --> 00:29:17,440 Like. 15 minutes ago and that was really seamless and easy. 566 00:29:17,840 --> 00:29:20,600 And I I feel like, I guess my main question is, and I don't, I 567 00:29:20,600 --> 00:29:23,560 don't know if anybody can answer this, 'cause that was my first 568 00:29:23,560 --> 00:29:26,800 thought was like, what about malicious links, right? 569 00:29:26,800 --> 00:29:29,920 So if like somebody posts A-frame, that's like a wallet 570 00:29:29,920 --> 00:29:33,400 trainer, but I don't know if that would happen because maybe 571 00:29:33,400 --> 00:29:37,480 it's like a proxy wallet that does the minting, but I'm not 572 00:29:37,480 --> 00:29:39,320 sure. But it was just, I thought it 573 00:29:39,320 --> 00:29:40,920 was interesting. It's cool. 574 00:29:42,160 --> 00:29:43,400 That's interesting. Yeah. 575 00:29:43,400 --> 00:29:45,640 And for what it's worth, like for the digens, there's some 576 00:29:45,800 --> 00:29:47,800 stuff going on token wise too over there. 577 00:29:47,800 --> 00:29:50,400 It's just, I don't know, I just look at this. 578 00:29:50,480 --> 00:29:52,280 You can. I don't know, I just find him 579 00:29:52,280 --> 00:29:53,320 super interesting. I know. 580 00:29:54,040 --> 00:29:55,200 I would love to call him leisure. 581 00:29:55,200 --> 00:29:57,560 He doesn't like it, but he's been very active on there. 582 00:29:58,080 --> 00:30:00,520 Where did you mint that frame? I kind of want to go through the 583 00:30:00,520 --> 00:30:02,560 process here. Here, let me let me. 584 00:30:03,920 --> 00:30:05,240 See. I wonder whose frame it was. 585 00:30:05,240 --> 00:30:06,520 I'm just so curious. It was. 586 00:30:06,640 --> 00:30:09,320 It was the Coinbase. Here, I'll drop the link. 587 00:30:09,640 --> 00:30:13,320 It was like the Coinbase Institute frame based institute 588 00:30:13,320 --> 00:30:15,000 frame. What do I drop it to? 589 00:30:15,000 --> 00:30:16,640 Do I drop it in this private chat? 590 00:30:16,800 --> 00:30:18,080 Yeah, that works. Yeah. 591 00:30:19,560 --> 00:30:21,360 There's just so much going on. There, did you? 592 00:30:21,480 --> 00:30:24,240 Did you link your? Wallet yet? 593 00:30:24,680 --> 00:30:25,760 Not yet. I will. 594 00:30:25,800 --> 00:30:27,200 I'm not gonna go. I don't. 595 00:30:27,200 --> 00:30:29,600 Know if you'll be able to unless you link your wallet. 596 00:30:29,600 --> 00:30:33,000 So I had to link my wallet in order to do it, but then once I 597 00:30:33,000 --> 00:30:35,040 did it, it's literally you press claim, Yeah. 598 00:30:35,840 --> 00:30:38,880 So you go claim here and you can just like, Oh well, I don't 599 00:30:38,880 --> 00:30:40,240 have. You got to you got to connect 600 00:30:40,240 --> 00:30:43,160 your wallet and then once you connect your wallet you just 601 00:30:43,160 --> 00:30:48,400 sign a transaction then once you connect it then like it was one 602 00:30:48,440 --> 00:30:50,200 quick minting it was it was good cash. 603 00:30:50,640 --> 00:30:53,760 So I also noticed a crypto punks channel and like people are 604 00:30:53,760 --> 00:30:56,120 starting to make channels based on like token gated channels 605 00:30:56,120 --> 00:31:00,160 based on like what people are using what I again like what I 606 00:31:00,160 --> 00:31:02,200 personally like about it. And I said it's like just I see 607 00:31:02,200 --> 00:31:05,000 Dan Romero just grinding his fucking face off and I see 608 00:31:05,000 --> 00:31:07,200 someone that like actually attracted people that are really 609 00:31:07,200 --> 00:31:09,640 interested in the product without enticing them with 610 00:31:09,680 --> 00:31:12,040 points or token. And it's and automatically I'm 611 00:31:12,040 --> 00:31:14,160 like attracted to the platform. That's it. 612 00:31:14,360 --> 00:31:16,480 Like it's very like base level for me. 613 00:31:16,920 --> 00:31:20,200 And then I see 10,000 potential readers, listeners, participants 614 00:31:20,200 --> 00:31:22,280 of a network that we're trying to build and I'm thinking how do 615 00:31:22,280 --> 00:31:24,360 we build on top of it. Then I dug in and was like, wow, 616 00:31:24,360 --> 00:31:26,240 this is literally just another protocol that's being built on 617 00:31:26,240 --> 00:31:29,400 top of a theorem, which again for the theorem heads in here 618 00:31:29,640 --> 00:31:31,760 just goes to show you how much can be built on a theorem and 619 00:31:31,760 --> 00:31:33,680 that a theorem is actually a network that can support 620 00:31:33,680 --> 00:31:36,480 something like that. Like tomorrow Forecaster gets a 621 00:31:36,480 --> 00:31:39,720 million active users. The theorem's never going to go 622 00:31:39,720 --> 00:31:43,440 down for that reason, right? Warp cast could, which is 623 00:31:43,440 --> 00:31:45,320 somewhat some people are like complaining about warp cast 624 00:31:45,320 --> 00:31:46,960 being down, saying forecaster broke. 625 00:31:46,960 --> 00:31:51,560 It's not, it's warp cast is just a centralized tool being built 626 00:31:51,560 --> 00:31:53,160 on top of the forecaster protocol. 627 00:31:53,480 --> 00:31:55,920 So I don't know, I just find it really, really interesting. 628 00:31:56,280 --> 00:31:59,720 And for the creators out there, even artists or people trying to 629 00:31:59,720 --> 00:32:02,000 mint stuff look like you Gee money, you said it, you came, 630 00:32:02,000 --> 00:32:04,160 you minted inline. It's not even online. 631 00:32:04,160 --> 00:32:07,640 They call it inline like within, I don't know, warp cast and they 632 00:32:07,640 --> 00:32:11,960 just find it really interesting. So definitely worth looking into 633 00:32:11,960 --> 00:32:13,360 that. And look, there are some tokens 634 00:32:13,360 --> 00:32:16,280 being passed around like people keep saying, oh here's X amount 635 00:32:16,280 --> 00:32:18,240 of D Gen. token. I don't even know what it is, 636 00:32:18,920 --> 00:32:20,280 just people are giving it around. 637 00:32:20,560 --> 00:32:23,720 So you know. Yeah. 638 00:32:23,720 --> 00:32:25,440 How do I claim my D Gen. token? I don't know. 639 00:32:25,560 --> 00:32:26,960 Is that even possible? I don't even know. 640 00:32:27,160 --> 00:32:29,800 That's the next step of me looking into Farka last night I 641 00:32:29,800 --> 00:32:32,200 took the time to like read all the threads and articles but 642 00:32:32,200 --> 00:32:35,200 like what exactly it is on the protocol level and then like 643 00:32:35,760 --> 00:32:38,680 what's going on with warp cast and next step is like 644 00:32:38,680 --> 00:32:41,800 understanding how we can build on top of it and like do all the 645 00:32:41,800 --> 00:32:45,080 token stuff. But I don't know, it's super 646 00:32:45,080 --> 00:32:47,640 interesting. Like for example, for us we have 647 00:32:47,640 --> 00:32:50,840 a, a, a, our own token. We could be having like a 648 00:32:50,840 --> 00:32:53,160 network of people, just like distributing the token on 649 00:32:53,240 --> 00:32:56,400 webcast to users for reading an article or particularly within 650 00:32:56,400 --> 00:32:57,560 the content. I don't know. 651 00:32:57,560 --> 00:32:59,200 There's there's something there, man. 652 00:32:59,320 --> 00:33:00,840 There's definitely something there. 653 00:33:01,160 --> 00:33:03,640 I think the frames, I think for me, I think the really 654 00:33:03,640 --> 00:33:07,920 interesting stuff is the frame stuff, right, 'cause also right? 655 00:33:08,200 --> 00:33:11,280 You know, like, I think I saw somebody like tweet about it or 656 00:33:11,280 --> 00:33:13,840 maybe cast about it. I don't even know what platform 657 00:33:13,840 --> 00:33:16,120 I read it on. But like somebody mentioned it, 658 00:33:16,120 --> 00:33:19,320 how you know, what if, what if you had like one click shopping, 659 00:33:19,320 --> 00:33:22,200 right, 'cause like right now you can't really buy anything on 660 00:33:22,200 --> 00:33:25,560 platform on Twitter, right? Like, and I honestly like, I 661 00:33:25,560 --> 00:33:27,720 think Elon's probably like trying to tackle that, to be 662 00:33:27,720 --> 00:33:29,440 perfectly honest, right. That's why he wants the money 663 00:33:29,440 --> 00:33:32,760 transmitter license. But like, once that happens, and 664 00:33:32,760 --> 00:33:36,720 I think once like Twitter can figure X can figure that out, 665 00:33:36,720 --> 00:33:38,760 they probably like, increase their mode a little bit. 666 00:33:38,960 --> 00:33:41,360 But right now I think the really interesting thing is like, oh, 667 00:33:41,360 --> 00:33:48,200 like you want to mint your entry to an event just like one click, 668 00:33:48,440 --> 00:33:49,920 right? Like that's, it's like Amazon, 669 00:33:49,920 --> 00:33:50,880 right? One click shopping. 670 00:33:51,240 --> 00:33:52,680 So. It's just everything. 671 00:33:52,720 --> 00:33:59,600 Like you go from having to post a link to a product to you have 672 00:33:59,600 --> 00:34:02,680 to like you. First of all you lose all your 673 00:34:02,680 --> 00:34:05,880 traffic for posting an external link on X which is already 674 00:34:05,880 --> 00:34:07,360 you're you're you're starting with the handicap. 675 00:34:07,400 --> 00:34:08,840 Second of all they have to click on it. 676 00:34:09,199 --> 00:34:12,199 Then they have to go to checkout, add the bag, go to 677 00:34:12,199 --> 00:34:14,719 checkout, add a credit card, add your e-mail and buy it. 678 00:34:14,719 --> 00:34:18,360 There's like 5 to 8 steps. You know it because you saw a 679 00:34:18,360 --> 00:34:23,040 product on forecaster. You post a link home within the 680 00:34:23,040 --> 00:34:25,639 frame, you buy the product. So so OV where it becomes 681 00:34:25,639 --> 00:34:28,960 interesting for you is Red drinks which I saw you produce. 682 00:34:28,960 --> 00:34:30,719 Congratulations I saw the video, it's awesome. 683 00:34:30,719 --> 00:34:35,880 Love to see that but like same for 9 DCC is you guys post the 684 00:34:35,880 --> 00:34:40,800 frame of the product and within Forecaster OV because they have 685 00:34:40,800 --> 00:34:44,639 the wallets connected they can shop the product in one button 686 00:34:45,159 --> 00:34:46,600 one click. Boom. 687 00:34:47,800 --> 00:34:50,199 Like of course like there's the addresses and stuff then for 688 00:34:50,199 --> 00:34:51,560 shipping. So I don't know how that works 689 00:34:51,800 --> 00:34:55,280 but for like a for like a event or for like a product that you 690 00:34:55,280 --> 00:34:58,520 don't have to actually get it shipped ship to people it's a 691 00:34:58,520 --> 00:35:00,840 one click buy. So I find that extremely 692 00:35:00,840 --> 00:35:04,520 interesting and I and I really that's the type of thing that I 693 00:35:04,680 --> 00:35:07,280 that's like sometimes I talk about things a lot on the show 694 00:35:07,280 --> 00:35:09,240 but it's because I want people to start getting curious about 695 00:35:09,240 --> 00:35:10,640 them like I think you should get curious about it. 696 00:35:10,640 --> 00:35:13,840 I have no incentive to push forecaster for what it's worth. 697 00:35:14,760 --> 00:35:17,160 And I, you know I don't think we should have an incentive to push 698 00:35:17,160 --> 00:35:19,640 something that that's native to crypto being built on the 699 00:35:19,640 --> 00:35:21,480 fucking dopest blockchain. Ethereum. 700 00:35:21,840 --> 00:35:23,520 Yeah we love Solana. We love investing in Seoul. 701 00:35:23,520 --> 00:35:25,000 But fucking theorem still theorem. 702 00:35:25,240 --> 00:35:27,480 So I think you should all look into that. 703 00:35:27,840 --> 00:35:30,520 Last but not least also in the social fight world and I'm going 704 00:35:30,520 --> 00:35:33,160 to I want to talk to G Money because that $1,000,000 loan 705 00:35:33,160 --> 00:35:36,680 that's something big here that's oh that's historical. 706 00:35:37,520 --> 00:35:40,120 It's what is going on on friend tech. 707 00:35:40,120 --> 00:35:42,600 I don't know if you guys saw my tweets yesterday, but that's 708 00:35:42,600 --> 00:35:44,760 also on the social fight side. Yeah. 709 00:35:44,760 --> 00:35:45,720 What? What happened there? 710 00:35:45,720 --> 00:35:48,880 Do you know what happened? I I I don't have an in but I 711 00:35:48,880 --> 00:35:52,880 know that Razer posted hot tag frantech so no yuga dot ETH 712 00:35:52,880 --> 00:35:55,160 which is that's why I posted. So that's someone that works 713 00:35:55,160 --> 00:36:00,040 crypto at Coinbase right. They posted hot tag Frantech 714 00:36:00,040 --> 00:36:01,960 should be just become a forecaster frame. 715 00:36:02,160 --> 00:36:04,520 I mean that's kind of a, you know kind of a slap in the face 716 00:36:04,520 --> 00:36:08,120 to frantic founders in the way I get it through which he quoted 717 00:36:08,120 --> 00:36:12,360 Razer said hot tag frantech just say fuck base and become an L2. 718 00:36:13,800 --> 00:36:17,520 So then next tweet was one fucking tweet and my Coinbase 719 00:36:17,520 --> 00:36:19,720 handlers say I have to shut down my Twitter again which by the 720 00:36:19,720 --> 00:36:22,880 way this is not me forming opinion for or against Coinbase 721 00:36:22,880 --> 00:36:26,320 base or any teams like very neutral here Switzerland And 722 00:36:26,320 --> 00:36:28,560 then he's gone. Obviously he deleted his own 723 00:36:28,560 --> 00:36:30,120 account right. It's not like you know the 724 00:36:30,120 --> 00:36:32,600 handlers right. This is the handler in question. 725 00:36:32,600 --> 00:36:34,240 The Penguin. Super cute no kidding. 726 00:36:34,240 --> 00:36:37,760 But that went down. I don't know what's happening at 727 00:36:38,120 --> 00:36:42,600 at at Frontech but it seems like you know nothing's going the way 728 00:36:42,600 --> 00:36:47,240 they want it to go. Like you know the Pancakes bra 729 00:36:47,240 --> 00:36:50,160 thing not long ago. You know, before the token 730 00:36:50,160 --> 00:36:54,680 allocation, whatever being you know kind of shown the door he 731 00:36:54,680 --> 00:36:58,280 was on the core team members, then racer going on and off, 732 00:36:58,280 --> 00:36:59,640 then this. If. 733 00:37:00,400 --> 00:37:03,800 If I after this guys I I I don't see a future of Frantech on 734 00:37:03,800 --> 00:37:05,320 base. Like I wouldn't be surprised to 735 00:37:05,320 --> 00:37:08,360 see it on move to another L2. I don't know what you guys think 736 00:37:08,360 --> 00:37:11,920 here, but I just this is like intense. 737 00:37:13,560 --> 00:37:15,200 Yeah, I could move. Who knows? 738 00:37:15,200 --> 00:37:17,280 We'll see. Like they had, they were sort of 739 00:37:17,280 --> 00:37:18,640 like the first mover with something good. 740 00:37:18,640 --> 00:37:21,560 And then they kind of just like, I don't think they just, they 741 00:37:21,560 --> 00:37:26,320 just failed to capitalize on what they had and that's why 742 00:37:26,320 --> 00:37:29,320 we're in the situation now. So yeah, we'll see. 743 00:37:29,720 --> 00:37:34,160 I don't think moving to another chain just suddenly solves 744 00:37:34,160 --> 00:37:36,440 problems and makes things a lot easier. 745 00:37:36,440 --> 00:37:40,080 And there's an argument to say, Oh well, maybe if it was on 746 00:37:40,080 --> 00:37:42,000 something that was more popular than base it would have done 747 00:37:42,000 --> 00:37:44,320 better. But everyone was using framtech 748 00:37:44,320 --> 00:37:47,640 over the summer so there wasn't really an issue there of chain. 749 00:37:48,480 --> 00:37:51,120 So I don't know how much that really solves or fixes other 750 00:37:51,120 --> 00:37:54,160 than maybe some performance issues if they if they had some 751 00:37:54,160 --> 00:37:55,800 on base, but. No, I don't know. 752 00:37:55,880 --> 00:37:59,280 Yeah, sounds like internal beef. You know, I think that's 753 00:37:59,280 --> 00:38:02,520 probably what what it is, yeah. Yeah, there's definitely some 754 00:38:02,520 --> 00:38:04,680 beef going down over there. Nobody really knows what's 755 00:38:04,680 --> 00:38:05,680 happening. I asked around. 756 00:38:05,840 --> 00:38:06,920 I don't. I have no clue. 757 00:38:07,400 --> 00:38:10,000 I just saw that. Yes, I was like, oh shit, like 758 00:38:10,240 --> 00:38:13,080 it's it's going off. But anyways, G Muddy. 759 00:38:13,680 --> 00:38:17,120 G Muddy, you did it again. You did it again. 760 00:38:17,480 --> 00:38:22,320 Three years ago, 2021, I read a thread from this guy called G 761 00:38:22,320 --> 00:38:23,800 Money. I had no idea who the fuck he 762 00:38:23,800 --> 00:38:26,720 was, but he was just this monkey crypto punk coming on Clubhouse 763 00:38:27,280 --> 00:38:29,800 talking all this big talk about punks and NFTS and I was 764 00:38:29,800 --> 00:38:32,560 automatically fascinated. Then I read your iconic thread 765 00:38:32,560 --> 00:38:35,240 from I don't know if it was N 2020 or whenever you bought your 766 00:38:35,240 --> 00:38:38,360 a punk about how you know at the time you broke a record to buy 767 00:38:38,360 --> 00:38:41,440 this punk and you did it again. Three years later you're back 768 00:38:41,440 --> 00:38:48,360 with a thread you know that announces $1,000,000 USDC loan 769 00:38:48,480 --> 00:38:52,600 originated are against the one and only a punk 882. 770 00:38:52,600 --> 00:38:58,080 Eighteen from G money loan terms 14% APR for 180 days and that's 771 00:38:58,080 --> 00:39:00,760 on Gandhi. I have no links or affiliations 772 00:39:00,760 --> 00:39:03,320 to Gandhi, but Danny Seedfrace has been talking to me about 773 00:39:03,320 --> 00:39:04,760 them for a minute now. He's a huge fan. 774 00:39:04,760 --> 00:39:07,880 I know he's an advisor but he's also been using it a lot for his 775 00:39:07,880 --> 00:39:10,240 personal stuff. I mean G money first of all. 776 00:39:10,240 --> 00:39:11,840 I guess congratulations for that. 777 00:39:11,840 --> 00:39:13,440 For pushing the boundaries non-stop. 778 00:39:13,440 --> 00:39:15,520 And why don't you give us the details about this? 779 00:39:15,520 --> 00:39:17,600 Because that caused a lot of chatter over the weekend. 780 00:39:18,280 --> 00:39:19,920 You know what? Tell me more about this 781 00:39:19,920 --> 00:39:21,960 $1,000,000 loan on your punk. Yeah. 782 00:39:21,960 --> 00:39:26,080 So I mean basically you know my thesis since I got into the 783 00:39:26,080 --> 00:39:30,440 space was how NFT finance was I think going to be like next 784 00:39:30,440 --> 00:39:33,320 level, right. Like I think we're still in in 785 00:39:33,320 --> 00:39:37,200 the infancy and I remember you know when I originally my first 786 00:39:37,200 --> 00:39:40,680 NFT that I bought was a a crypto Kitty and actually at the end of 787 00:39:40,680 --> 00:39:44,400 that tweet thread was the tweet thread I wrote about how I ended 788 00:39:44,400 --> 00:39:48,080 up buying that crypto Kitty and then how I ended up taking a 789 00:39:48,080 --> 00:39:50,520 loan against it. And at the time when I took out 790 00:39:50,520 --> 00:39:53,840 a loan against it, it was a $25,000 loan. 791 00:39:54,480 --> 00:39:58,440 I and that at that moment this is in like at the towards the 792 00:39:58,440 --> 00:40:02,800 end of 2020 that was the biggest on chain loan against an NFT. 793 00:40:03,160 --> 00:40:06,040 And you know, it's just, it was just interesting because I I 794 00:40:06,040 --> 00:40:09,720 have, I'm using the money for pretty much like a bridge 795 00:40:10,600 --> 00:40:14,200 between 2 transactions. And so I was, you know, I'm, I'm 796 00:40:14,200 --> 00:40:16,240 sitting there and I'm like, well, obviously at this point in 797 00:40:16,240 --> 00:40:20,200 the cycle, I want to be long as long crypto as I possibly can, 798 00:40:20,440 --> 00:40:23,080 right. And you know here we are four or 799 00:40:23,080 --> 00:40:26,880 five months removed from an article in Rolling Stone saying 800 00:40:26,880 --> 00:40:31,240 that NFTS are worthless, right. And so I was like well what 801 00:40:31,240 --> 00:40:34,240 better way to show that NFTS are not worthless if I can get 802 00:40:34,240 --> 00:40:36,280 $1,000,000 loan against an NFT, right. 803 00:40:36,280 --> 00:40:38,640 I mean this, this kind of goes back to like the original 804 00:40:38,640 --> 00:40:40,920 argument right, where people were like Oh well right click 805 00:40:40,920 --> 00:40:44,640 save like you know is there any value in something that can be 806 00:40:44,640 --> 00:40:47,000 copied, right. And I think we're we're all here 807 00:40:47,000 --> 00:40:50,920 because we we see that value. But I think when you talk about 808 00:40:50,920 --> 00:40:53,920 most of like the mainstream people out there, you know, they 809 00:40:53,920 --> 00:40:57,760 read those articles in Rolling Stone, you know, CNBC or or 810 00:40:57,760 --> 00:41:01,240 whatever the the mainstream media talks about, they're 811 00:41:01,240 --> 00:41:03,400 sitting there thinking that NF TS are worthless, right? 812 00:41:03,400 --> 00:41:06,200 And it's like I think this is just, you know, if you can get 813 00:41:06,200 --> 00:41:09,200 $1,000,000 loan against something, it's worth at least 814 00:41:09,200 --> 00:41:11,280 double, right? You know, like it. 815 00:41:11,280 --> 00:41:14,320 It's funny because I saw a lot of a lot of the conversations 816 00:41:14,320 --> 00:41:17,080 happening around it, around people not really understanding 817 00:41:17,920 --> 00:41:20,640 how much the crypto punk is worth and be real Like dude, if 818 00:41:20,640 --> 00:41:24,000 that if that punk got listed for $1,000,000, like I think six, I 819 00:41:24,120 --> 00:41:26,520 think 6529 said it. If that punk got listed for 820 00:41:26,520 --> 00:41:28,480 $1,000,000, it'd be sold in a minute. 821 00:41:28,800 --> 00:41:30,520 But a minute, I think. A minute. 822 00:41:30,560 --> 00:41:31,320 An insult. How? 823 00:41:31,360 --> 00:41:32,200 Fast. Yeah, like it. 824 00:41:32,200 --> 00:41:35,240 It be sold in like, you know, 30 seconds as fast as people. 825 00:41:35,280 --> 00:41:36,720 Do right, This is how much it's worth. 826 00:41:37,000 --> 00:41:40,680 Like the last one was Denny's that sold for 7.5 MMS, but like 827 00:41:40,800 --> 00:41:43,840 there's one that's at 4-5 but like at 1 1/2. 828 00:41:43,920 --> 00:41:46,320 Even at 2 million, you'll set it in under an hour. 829 00:41:47,160 --> 00:41:49,360 Yeah. So you know, so I I think it was 830 00:41:49,360 --> 00:41:53,480 more, it was more to kind of show like hey look these things 831 00:41:53,480 --> 00:41:57,080 are worth something, right. And I do also like I'm super, 832 00:41:57,080 --> 00:42:01,040 super bullish on NFT finance. You know I'm, I'm also an 833 00:42:01,040 --> 00:42:05,920 investor in Gandhi and I'm, I'm an investor in Arcade, I've used 834 00:42:05,920 --> 00:42:08,480 NFT π, I'm an investor in Meta Street. 835 00:42:08,480 --> 00:42:13,320 I'm super, super bullish like when you think about the asset 836 00:42:13,320 --> 00:42:17,920 appreciation we had last cycle that was without credit, right. 837 00:42:17,920 --> 00:42:20,840 And so you know what what happens when you introduce 838 00:42:20,840 --> 00:42:24,920 credit into the system. You know that like you start to 839 00:42:24,920 --> 00:42:27,720 see some pretty crazy stuff happen and you know if you're 840 00:42:27,720 --> 00:42:30,680 going to be taking leverage like this is personally I think this 841 00:42:30,680 --> 00:42:32,560 is the point in the cycle where you want to be doing it. 842 00:42:32,760 --> 00:42:35,600 You don't want to be doing it after asset prices of already 843 00:42:35,600 --> 00:42:39,880 like you know 5 to 10 X from from like the bottom. 844 00:42:39,880 --> 00:42:43,600 So you know I just for me it's kind of like a play of I'm super 845 00:42:43,600 --> 00:42:45,720 bullish on the on the cycle where we currently. 846 00:42:46,360 --> 00:42:50,560 But then also you know these things are super valuable and 847 00:42:50,680 --> 00:42:53,520 you know there's a market that's, that's, that's growing 848 00:42:53,520 --> 00:42:55,880 around these, right. Like I think the interesting 849 00:42:55,880 --> 00:42:59,360 thing that that Gandhi and Arcade and a lot of these these 850 00:42:59,360 --> 00:43:02,120 platforms especially these peer-to-peer lending platforms 851 00:43:02,120 --> 00:43:06,040 are focused on right is like how like how can you borrow the most 852 00:43:06,040 --> 00:43:08,760 amount of money at reasonable rates for the longest amount of 853 00:43:08,760 --> 00:43:10,600 time. Because I think what you see on 854 00:43:10,640 --> 00:43:15,360 on Blur with Blend is like I'm never going to post my crypto 855 00:43:15,360 --> 00:43:19,960 punk as collateral there because it's callable within 24 hours 856 00:43:20,280 --> 00:43:25,200 and like the the terms are just too, like too, too much stacked 857 00:43:25,200 --> 00:43:27,960 against the borrower, right. So you're not going to get real 858 00:43:27,960 --> 00:43:29,960 natural lenders there. You get people there to 859 00:43:29,960 --> 00:43:32,480 speculate for sure. You know, think about think 860 00:43:32,480 --> 00:43:34,960 about it as like day trading stocks, right. 861 00:43:34,960 --> 00:43:38,120 But you're not going to get real people with real assets. 862 00:43:38,120 --> 00:43:41,560 Like Danny would never post any of his glyphs on there, right? 863 00:43:41,560 --> 00:43:43,880 Like, it's because you, you want to make sure if you're going to 864 00:43:43,880 --> 00:43:47,080 borrow money, you know, you want to borrow it at reasonable rates 865 00:43:47,280 --> 00:43:48,680 for an extended period of time, right? 866 00:43:48,680 --> 00:43:52,200 Because if you like, I can't sit there and be, if I have a loan 867 00:43:52,200 --> 00:43:55,600 and it's callable within 24 hours, I can't really do 868 00:43:55,600 --> 00:43:58,320 anything with that money. And so like in order to I think 869 00:43:58,320 --> 00:44:01,720 to plan correctly of like how you're going to utilize that 870 00:44:01,720 --> 00:44:04,600 capital, you need to agree to those terms that they need to be 871 00:44:05,080 --> 00:44:09,400 longer in duration and probably better in terms of rates and and 872 00:44:09,400 --> 00:44:11,280 that I think we're going to see a lot of that over the next 873 00:44:11,280 --> 00:44:15,480 couple of months and years. I, I, I find this fascinating 874 00:44:15,480 --> 00:44:19,200 and I love that you know, oh, who's calling you? 875 00:44:19,600 --> 00:44:21,880 Who's calling you that? Was my That was my meal prep 876 00:44:21,880 --> 00:44:23,040 guy. I probably have to bounce in a 877 00:44:23,040 --> 00:44:25,120 minute. OK, dude, I I like that. 878 00:44:25,160 --> 00:44:25,720 Oh. You love it. 879 00:44:26,120 --> 00:44:29,320 Everybody's on the health grind. I woke up this morning, I didn't 880 00:44:29,320 --> 00:44:32,120 look at any charts, but the first thing I saw was OV's body. 881 00:44:32,560 --> 00:44:35,200 You know, send us a little update of how he's still on it. 882 00:44:35,360 --> 00:44:40,360 You'd love to see that you know. But but I you keep it healthy GI 883 00:44:40,400 --> 00:44:41,760 like. That I I mean I'm trying. 884 00:44:41,800 --> 00:44:45,840 I'll I'll say this you've been inspiring me with your with your 885 00:44:45,840 --> 00:44:50,360 everyday in the gym. What do you have 1017? 886 00:44:51,160 --> 00:44:53,080 I'm on 18th to this morning. Yeah. 887 00:44:53,080 --> 00:44:54,560 So, you know, I've been seeing that. 888 00:44:55,040 --> 00:44:57,920 And like, even when I was working out today, I was like, 889 00:44:57,920 --> 00:44:59,240 you know what? I think I'm gonna like, set a 890 00:44:59,240 --> 00:45:01,360 goal of like number of times. I wanna hit the gym this year. 891 00:45:02,160 --> 00:45:03,080 You. You're inspiring me. 892 00:45:03,160 --> 00:45:06,280 So I appreciate that. You know, I my goal this year is 893 00:45:06,280 --> 00:45:08,440 180 for the year and so we're on pace. 894 00:45:08,440 --> 00:45:10,800 We had 15 in Gen. you know we're at 18 total. 895 00:45:10,800 --> 00:45:12,960 So already 3IN Feb, we're Feb 5th. 896 00:45:12,960 --> 00:45:14,480 We've been going at like 7:30 AM. 897 00:45:14,480 --> 00:45:16,840 It feels good, dude. It feels good for me. 898 00:45:16,840 --> 00:45:19,160 It's funny, one of my inspirations with this guy, when 899 00:45:19,160 --> 00:45:22,400 I saw him train for boxing and I was in London during freeze and 900 00:45:22,400 --> 00:45:24,840 I looked at OV just like not drink, just grind, just like 901 00:45:24,840 --> 00:45:27,160 fucking do his head down, just like working all the time and 902 00:45:27,160 --> 00:45:29,000 get buff. I was like, I I want to get 903 00:45:29,000 --> 00:45:31,120 ripped. I was like, I I also want to be 904 00:45:31,120 --> 00:45:32,840 like, because Mando also has been on a health kick like 905 00:45:32,840 --> 00:45:34,680 crazy. Like Mando was like Iron Man, 906 00:45:34,680 --> 00:45:37,040 OK, like this guy is like ripped. 907 00:45:37,400 --> 00:45:39,680 And so I was like, dude, I I want to like get on this kick. 908 00:45:39,680 --> 00:45:41,600 So you know they kept both of them and not me. 909 00:45:42,000 --> 00:45:46,080 So circle of motivation that we got going on here. 910 00:45:46,160 --> 00:45:47,880 You know that's the right I. I've enjoyed it. 911 00:45:47,920 --> 00:45:50,360 Keep on posting them because it's it's been inspiring me. 912 00:45:50,600 --> 00:45:54,160 I got I started working with a a trainer last week and got the 913 00:45:54,160 --> 00:45:56,480 meal prep stuff. Trying to trying to be healthy 914 00:45:56,560 --> 00:45:58,080 in 2024. Let's go. 915 00:45:58,080 --> 00:46:00,120 My meal preppers. Vanessa, she keeps me alive. 916 00:46:00,120 --> 00:46:03,600 So shout out to the girlfriend's wife, he's keeping us alive 917 00:46:03,600 --> 00:46:05,080 here. Listen, Gee, I mean, So what 918 00:46:05,080 --> 00:46:06,400 happens next? I know you got to go, so I'll 919 00:46:06,400 --> 00:46:07,440 keep it short. Like so. 920 00:46:07,440 --> 00:46:09,800 You got that $1,000,000 loan for the people who don't maybe 921 00:46:09,800 --> 00:46:11,600 understand the high level stuff like low level. 922 00:46:11,600 --> 00:46:14,880 So you were you took a loan out for $1,000,000. 923 00:46:14,880 --> 00:46:16,000 How long do you have to repay it? 924 00:46:16,000 --> 00:46:17,280 Blah blah blah like what's next, right? 925 00:46:17,920 --> 00:46:19,560 Yeah. So it has to be repaid in six 926 00:46:19,560 --> 00:46:23,640 months. It's at 14% annualized, so 7% 927 00:46:23,640 --> 00:46:26,360 ish over the course of six months. 928 00:46:26,680 --> 00:46:31,280 And basically you know, it's, I think to me it's like when you 929 00:46:31,280 --> 00:46:34,600 look at I, I was trying to get a slightly lower rate to be 930 00:46:34,600 --> 00:46:36,960 perfectly honest. But when the risk free rate's at 931 00:46:36,960 --> 00:46:42,480 5%, I couldn't really do much better just in terms of most 932 00:46:42,480 --> 00:46:44,600 lenders in the space. And this is what I kind of go 933 00:46:44,600 --> 00:46:47,440 into in that thread is like there's a mismatch in terms of 934 00:46:47,440 --> 00:46:49,520 assets, right? Like we're all here because 935 00:46:49,520 --> 00:46:53,880 we're bullish on Etherium. So nobody wants to lend to me in 936 00:46:53,960 --> 00:46:57,800 USD, They want to lend an ETH. Like if I borrowed an ETH it 937 00:46:57,800 --> 00:47:00,120 would have it would have been much lower but then the problem 938 00:47:00,120 --> 00:47:04,320 is I needed it as USD so I would I didn't want to be short ETH on 939 00:47:04,320 --> 00:47:06,720 my loan right? So if ETH were to pump I would 940 00:47:06,720 --> 00:47:08,520 end up having to owe that in ETH. 941 00:47:08,920 --> 00:47:11,560 But I'm using the the the dollars as USD. 942 00:47:11,760 --> 00:47:16,640 So you know I I think that as the space matures and it grows 943 00:47:16,640 --> 00:47:20,080 we're going to start seeing way more of and I I've tweeted about 944 00:47:20,080 --> 00:47:23,160 this multiple times in the last couple months where there 945 00:47:23,160 --> 00:47:27,160 somebody has to create this protocol or or something where 946 00:47:27,640 --> 00:47:30,120 if you have this pool of lenders that are willing to lend an 947 00:47:30,120 --> 00:47:32,680 eighth in these pool of borrowers that want to borrow in 948 00:47:32,680 --> 00:47:35,040 USD. Like there has to be a way that 949 00:47:35,040 --> 00:47:39,360 you can hedge that out on on the decks right, like through, 950 00:47:39,520 --> 00:47:42,080 through perps or whatever because that's literally what 951 00:47:42,080 --> 00:47:45,160 they're there for, right. Like you have this natural, this 952 00:47:45,160 --> 00:47:47,760 natural market of borrowers and lenders and you have these 953 00:47:47,760 --> 00:47:50,560 people that are speculating that could actually that that's 954 00:47:50,560 --> 00:47:52,720 really what they function as right, especially when you look 955 00:47:52,720 --> 00:47:55,400 at the futures market in in traditional finance. 956 00:47:55,880 --> 00:47:58,720 And so like I just I think this would be such a massive market 957 00:47:58,960 --> 00:48:01,560 and I think the downstream effects of what this is going to 958 00:48:01,560 --> 00:48:06,840 mean for NFTS is is huge. And this is I I'm really excited 959 00:48:06,840 --> 00:48:09,720 that I'm able to kind of partake in this because this was the 960 00:48:09,720 --> 00:48:13,760 original thing that I saw with NFT Finance when I first got in. 961 00:48:13,760 --> 00:48:16,640 It was like wow, like how cool would it be if once you have 962 00:48:16,640 --> 00:48:19,400 these valuable assets you can start posting it Like this 963 00:48:19,400 --> 00:48:21,000 happens in the, in the art world, right? 964 00:48:21,120 --> 00:48:23,640 This happens in real estate, this happens in, in all these 965 00:48:23,640 --> 00:48:26,440 mature asset classes. And once it starts happening in 966 00:48:26,440 --> 00:48:30,480 the NFT space in these purely digital objects like, you know, 967 00:48:30,480 --> 00:48:33,400 I was, I was able to get this loan without having to, to 968 00:48:33,400 --> 00:48:36,720 personally guarantee it, without having to give out my Social 969 00:48:36,720 --> 00:48:38,360 Security number or my earnings, right. 970 00:48:38,360 --> 00:48:41,960 Like, you know, anybody that's gone through a mortgage, right? 971 00:48:41,960 --> 00:48:45,680 Like you know you know how how how much information that they 972 00:48:45,680 --> 00:48:49,840 want and you know interesting things like are they right and 973 00:48:49,840 --> 00:48:54,440 and and compound do this on on the on the liquid side but I 974 00:48:54,440 --> 00:48:57,320 think we're going to start seeing a huge rise of it on on 975 00:48:57,400 --> 00:48:59,400 the the non fungible side as well. 976 00:49:00,680 --> 00:49:02,920 That's impressive, man. I don't know if you have any 977 00:49:02,960 --> 00:49:06,000 thoughts or questions to to leave G on, then we'll give away 978 00:49:06,000 --> 00:49:08,360 the $1000 but it's it's pretty. Cool. 979 00:49:08,360 --> 00:49:10,880 No, I think it's. I think it could be, it should 980 00:49:10,880 --> 00:49:14,440 be a massive market because like lending on just like real world 981 00:49:14,440 --> 00:49:17,480 assets is is a huge, huge, huge like probably like multi 982 00:49:17,480 --> 00:49:19,160 trillion dollar mark. I don't know what the numbers 983 00:49:19,160 --> 00:49:22,360 are. So if your view is that digital 984 00:49:22,360 --> 00:49:25,480 assets grow in value then this market is going to take off. 985 00:49:25,480 --> 00:49:29,080 And it's interesting what G said because in 2021 we had that 986 00:49:29,080 --> 00:49:32,880 massive asset price bubble without a mature or or even 987 00:49:32,880 --> 00:49:37,000 existent finance market for NFTS and now that market exists. 988 00:49:37,000 --> 00:49:41,000 So it allows people to be more creative and how they structure 989 00:49:41,000 --> 00:49:42,880 their positions and how they borrow and lend. 990 00:49:42,880 --> 00:49:47,200 And it also opens up the ability for like a brand new market 991 00:49:47,200 --> 00:49:49,760 participant to enter as well that we haven't had before. 992 00:49:49,760 --> 00:49:52,800 And there's been, there's been a ton of like people, people are 993 00:49:52,800 --> 00:49:54,600 out there literally just lending against NFTS. 994 00:49:55,320 --> 00:49:57,800 That's like a whole business on its own. 995 00:49:58,120 --> 00:50:00,960 And so it's going to give you a lot more liquidity in the 996 00:50:00,960 --> 00:50:02,480 market. I think like where people get 997 00:50:02,480 --> 00:50:05,000 wrecked is when people borrow too much and they just, you 998 00:50:05,000 --> 00:50:07,440 know, try and do some D Gen. play and they can't pay it back 999 00:50:07,440 --> 00:50:09,440 or whatever. And then I think other guys make 1000 00:50:09,440 --> 00:50:11,640 money there. But I think it will actually 1001 00:50:11,640 --> 00:50:13,640 create a much more liquid market as it matures. 1002 00:50:14,120 --> 00:50:15,920 And. It'll be interesting to see. 1003 00:50:16,600 --> 00:50:20,680 To to exactly your point, It's funny because I've had people in 1004 00:50:20,680 --> 00:50:24,800 my DM since that tweet went out offering me lower rates, right, 1005 00:50:24,840 --> 00:50:26,480 Of like, you know, kind of refinancing. 1006 00:50:26,880 --> 00:50:29,400 Here we. Go so because like The thing is 1007 00:50:29,400 --> 00:50:34,440 I was shopping it around you know OTC for a few weeks and 1008 00:50:34,440 --> 00:50:36,720 trying to negotiate the best rate in the best terms that I 1009 00:50:36,720 --> 00:50:38,400 could. So it's like it's going to be 1010 00:50:38,400 --> 00:50:42,560 really interesting to see this market mature as there's 1011 00:50:42,560 --> 00:50:45,680 competition in the rates. You know I it's really funny 1012 00:50:45,680 --> 00:50:49,880 because squiggled out was at one point the biggest lender against 1013 00:50:49,880 --> 00:50:53,400 squiggles and they were willing to loan really high Lt. 1014 00:50:53,400 --> 00:50:56,080 VS at really reasonable rates because they just wanted the 1015 00:50:56,080 --> 00:50:58,360 squiggles, right. So they they wanted people to 1016 00:50:58,360 --> 00:51:01,120 default, right. And so it's it's going to be 1017 00:51:01,120 --> 00:51:03,680 interesting to see this competition but exactly to to 1018 00:51:03,680 --> 00:51:08,320 what you said OSF where it's like you know at at some point 1019 00:51:08,320 --> 00:51:12,240 in the cycle people are going to be over levered and and it's 1020 00:51:12,240 --> 00:51:14,920 going to be painful when when they do that and you know 1021 00:51:14,920 --> 00:51:17,480 they're like, oh I'll make a quick double and then all of a 1022 00:51:17,480 --> 00:51:20,040 sudden they lose their money and they can't pay it back. 1023 00:51:20,040 --> 00:51:22,320 But I don't think we're at that point in the cycle right now. 1024 00:51:22,320 --> 00:51:25,560 So like I I think right now is the time when if you're going to 1025 00:51:25,560 --> 00:51:29,120 take on leverage and I don't tell anybody, I don't tell 1026 00:51:29,120 --> 00:51:31,160 people that they should do this unless they know what they're 1027 00:51:31,160 --> 00:51:33,360 doing. I think right now is is the 1028 00:51:33,360 --> 00:51:35,160 point of the cycle you want to be taking it out. 1029 00:51:36,840 --> 00:51:39,520 All right, Chad, that's pretty sick. 1030 00:51:39,520 --> 00:51:41,360 I love that. I love, love that. 1031 00:51:41,520 --> 00:51:43,240 I love the quote that you gave by Rolling Stone. 1032 00:51:43,280 --> 00:51:45,440 I saw 9059 just pick up on it to him, post it. 1033 00:51:45,440 --> 00:51:46,520 But that was great. G Money. 1034 00:51:46,720 --> 00:51:49,480 Congratulations on everything and see you in Paris. 1035 00:51:49,880 --> 00:51:51,240 Yep. Well, I'll be there. 1036 00:51:51,240 --> 00:51:53,360 I'll be at the It's our house, right? 1037 00:51:53,800 --> 00:51:56,240 Yes, Sir. Our house, baby. 1038 00:51:56,440 --> 00:51:57,760 See you there. All right. 1039 00:51:57,760 --> 00:51:58,280 Cool. Thanks for. 1040 00:51:58,720 --> 00:52:00,400 Having me. Thanks for coming. 1041 00:52:00,400 --> 00:52:01,160 All right. All right. 1042 00:52:01,160 --> 00:52:02,920 That was fun. Short notice I hit up G money at 1043 00:52:02,920 --> 00:52:04,960 like 10:15 AM. Like, yo, you want to come 15 1044 00:52:05,600 --> 00:52:08,880 minutes talk about this small loan of $1,000,000. 1045 00:52:09,520 --> 00:52:14,280 So he's dude. He cooked honestly like that is 1046 00:52:14,280 --> 00:52:18,040 crazy and and I'd love to see that. 1047 00:52:18,040 --> 00:52:20,920 So good for G money. Look, we'll talk NFTS tomorrow. 1048 00:52:20,920 --> 00:52:22,600 Proper roundup. Y'all already know what's 1049 00:52:22,600 --> 00:52:25,240 happening. You go on D Jens dot dot finance 1050 00:52:25,240 --> 00:52:26,280 and get the whole thing.