1 00:00:00,640 --> 00:00:04,040 Well, GM, everyone I know on on again. 2 00:00:05,040 --> 00:00:07,840 Oh God, Jazz. Jazz has been with us for a year 3 00:00:07,840 --> 00:00:11,040 and a half and there's a double entry theme time for us. 4 00:00:12,440 --> 00:00:15,760 OSF and Cows both decided they weren't going to go on stage, 5 00:00:15,760 --> 00:00:19,040 but there are three of us here again today is the whole of the 6 00:00:19,040 --> 00:00:21,000 Canary Labs team known each other for years. 7 00:00:21,000 --> 00:00:24,680 This is basically like our morning meeting which you guys 8 00:00:24,680 --> 00:00:26,840 will invited to. It seems like every day at the 9 00:00:26,840 --> 00:00:31,980 moment we are, we are sponsored by Kraken NFT. 10 00:00:32,780 --> 00:00:34,500 The whole of the GM show is broke. 11 00:00:34,500 --> 00:00:38,940 We'll be back next week. You can go check out their new 12 00:00:38,940 --> 00:00:46,060 exchange that NFT exchange on kraken.com rugradio, they're 13 00:00:46,060 --> 00:00:50,460 obviously make it push into the NFT centralized exchange. 14 00:00:50,990 --> 00:00:52,910 We haven't been particularly pleased with what's been going 15 00:00:52,910 --> 00:00:54,150 on. Absolutely decentralized 16 00:00:54,150 --> 00:00:57,190 exchanges things like blur. So hopefully hopefully this is 17 00:00:57,190 --> 00:01:02,110 going to be a better place to reward to reward creators as 18 00:01:02,110 --> 00:01:04,870 well as a better experience for people who are are not 19 00:01:05,390 --> 00:01:09,750 professional traders. We are we are going to dive 20 00:01:09,750 --> 00:01:12,790 straight into the same format as we've been doing recently top 21 00:01:12,790 --> 00:01:15,070 five things to to speak about today. 22 00:01:15,070 --> 00:01:18,590 At the moment it does feel as though markets are slightly 23 00:01:18,590 --> 00:01:22,590 higher like we are. We are kind of pushing pushing 24 00:01:22,590 --> 00:01:27,230 towards 27 K it looks like on Bitcoin Ethel Ready is pushing 25 00:01:27,230 --> 00:01:31,390 towards maybe 1650. Who knows if we if we go a 26 00:01:31,390 --> 00:01:33,670 little bit higher over the course of today, but definitely 27 00:01:33,670 --> 00:01:35,830 better, better day to to have it started. 28 00:01:36,590 --> 00:01:38,550 I'm feeling pretty pretty pumped about stuff. 29 00:01:41,200 --> 00:01:44,920 The first thing though that big cause a little bit of FUD was 30 00:01:44,920 --> 00:01:48,320 this FDX headlines, which again came out yesterday. 31 00:01:48,760 --> 00:01:52,320 I'll bring you up on stage Cals as quickly OSF I still don't see 32 00:01:52,320 --> 00:01:53,280 you. I don't know if that's an. 33 00:01:53,440 --> 00:01:55,160 Interesting. I thought the way that you said, 34 00:01:55,160 --> 00:01:57,320 it was like an invitation to not have to go on stage. 35 00:01:57,320 --> 00:02:00,480 But I'll go on stage now. You're that much of a big dog, 36 00:02:00,480 --> 00:02:03,840 are you? I see how it is. 37 00:02:04,040 --> 00:02:06,900 Yeah, it is. I post the show by myself with 38 00:02:06,900 --> 00:02:10,460 Cali for well and meet you for a week and then you just don't 39 00:02:10,580 --> 00:02:13,940 know. The problem is I get the echo 40 00:02:14,100 --> 00:02:17,980 when I go on stage. Hear it, You just can't involve. 41 00:02:20,180 --> 00:02:24,820 It that would never be it. Okay. 42 00:02:24,940 --> 00:02:28,580 So the main thing today, yeah, the headline that shows a little 43 00:02:28,580 --> 00:02:30,740 bit low yesterday was FTX and then started acting. 44 00:02:30,740 --> 00:02:32,140 So they hadn't seen this news before. 45 00:02:32,640 --> 00:02:35,000 We've been flagging it for a long time that they were going 46 00:02:35,000 --> 00:02:37,360 to get this approval. They got that approval. 47 00:02:37,600 --> 00:02:39,920 It comes now. I think they can sell 50 million 48 00:02:39,920 --> 00:02:42,560 worth of vaults this week, 100 million next week. 49 00:02:43,360 --> 00:02:45,560 They have 3.3 billion worth of assets. 50 00:02:46,480 --> 00:02:50,280 The majority of that is in Solana and then followed by 51 00:02:50,880 --> 00:02:53,320 Bitcoin. Then it looks like they also 52 00:02:53,320 --> 00:02:55,480 have some of the grayscale trust assets. 53 00:02:55,480 --> 00:03:00,440 They have GB, TC and the GE. So maybe there's some follow 54 00:03:00,440 --> 00:03:02,700 through there, but yeah, it's mainly those. 55 00:03:03,740 --> 00:03:08,540 It doesn't look like they there's 22 interesting things I 56 00:03:08,540 --> 00:03:11,340 thought here and I'll bring up Amanda Minutes just to to help 57 00:03:12,380 --> 00:03:15,740 describe what's been going on. It doesn't look like they maybe 58 00:03:16,460 --> 00:03:21,460 have to even sell the the the Ethan Bitcoin, they just have 59 00:03:21,460 --> 00:03:24,100 to. They just have to hedge it. 60 00:03:24,700 --> 00:03:28,180 So to a large extent, I think we could be in a situation where 61 00:03:28,530 --> 00:03:33,890 where it's not actually that bad they they just have to hedge it 62 00:03:34,650 --> 00:03:36,650 which which they can just do with put options. 63 00:03:37,250 --> 00:03:41,170 So in terms of the alts that will be sold, I think it could 64 00:03:41,170 --> 00:03:44,210 be some of the salon that they have, they have a bunch of 65 00:03:44,210 --> 00:03:49,290 different like smaller alts which I don't think will be a 66 00:03:49,290 --> 00:03:52,330 big deal for the broader market. It might hurt some of those 67 00:03:52,330 --> 00:03:54,370 things like Actos. I think they have a pretty big 68 00:03:54,450 --> 00:03:58,800 amount of and a few other a few other decent chunks as well as 69 00:03:58,800 --> 00:04:01,760 stables. And then for Solana, I even saw 70 00:04:01,800 --> 00:04:04,160 yesterday that they might not even have any salons to sell. 71 00:04:04,560 --> 00:04:08,360 Apparently I didn't even confirm this because I I just there's 72 00:04:08,360 --> 00:04:10,680 been so many different people saying stuff and I didn't know 73 00:04:10,680 --> 00:04:14,520 if this was a this was something to to say as truth. 74 00:04:14,520 --> 00:04:18,240 But this is Alameda's Solana wallet, which has the rights to 75 00:04:18,240 --> 00:04:23,120 26,000,000 stakes, sold in 2025, two 1028. 76 00:04:23,170 --> 00:04:26,530 This one's keys will be sold in the FTX liquidation, which makes 77 00:04:26,530 --> 00:04:29,650 sense, not the Solano, which cannot be unlocked until 2025 to 78 00:04:29,650 --> 00:04:31,850 2028 as I've been posting for weeks. 79 00:04:31,890 --> 00:04:36,890 FTX Alameda only have 7 million sold and Rapsol which has 80 00:04:36,890 --> 00:04:40,250 already been presold at the Solanos Foundation when the 81 00:04:40,250 --> 00:04:42,090 transfers happened later this week, I will share. 82 00:04:42,090 --> 00:04:45,810 But no, the 26,000,000 sold is locked and the only key holder 83 00:04:45,810 --> 00:04:47,170 to this wallet can then stake in the future. 84 00:04:47,170 --> 00:04:50,450 So, and it says here is the 7 million soul that's already been 85 00:04:50,450 --> 00:04:54,530 sold for 17 1/2 a point. So I don't there's huge Solana 86 00:04:54,530 --> 00:04:57,170 shorts been added and it doesn't even seem like there's going to 87 00:04:57,170 --> 00:04:59,330 be any to sell. What do you guys like? 88 00:04:59,330 --> 00:05:02,250 It could squeeze feels like it's textbook squeeze, right. 89 00:05:02,290 --> 00:05:06,090 Everybody gets bearish for over some half true headline puts on 90 00:05:06,090 --> 00:05:09,090 shorts and then lo and behold they haven't. 91 00:05:09,210 --> 00:05:10,890 It's all locked up or it's all been. 92 00:05:11,130 --> 00:05:13,090 We literally said these two things previously, right, I 93 00:05:13,090 --> 00:05:16,410 think last week that an OTC buyer would step out from. 94 00:05:16,910 --> 00:05:19,150 For some of these assets, which it looks like it has for that 95 00:05:19,150 --> 00:05:24,230 Alameda wallet or that it would be locked up for varying degrees 96 00:05:24,230 --> 00:05:26,990 of time, but it doesn't matter how long it's locked up for 97 00:05:26,990 --> 00:05:28,430 really. It's just that it's not like a 98 00:05:28,430 --> 00:05:31,470 market sell event like on Monday. 99 00:05:31,750 --> 00:05:35,510 So yeah, it's kind of what we were saying last week, I think, 100 00:05:35,510 --> 00:05:37,590 right? And it's just kind of validated 101 00:05:37,590 --> 00:05:40,270 the view. I don't know if they would hedge 102 00:05:40,270 --> 00:05:42,110 it though, right? This is like. 103 00:05:43,400 --> 00:05:45,680 Bankruptcy proceedings where people have to get paid out 104 00:05:45,680 --> 00:05:48,640 based on recovery. So hedging doesn't really solve 105 00:05:48,640 --> 00:05:51,560 the problem like maybe they do some kind of like short term 106 00:05:51,560 --> 00:05:54,200 hedging, but they also if that was something that was a concern 107 00:05:54,200 --> 00:05:55,480 then they would have done it a long time ago. 108 00:05:55,480 --> 00:05:57,680 This has been going on for over a year now. 109 00:05:57,680 --> 00:06:00,680 So I don't think they, I can't see them hedging. 110 00:06:00,680 --> 00:06:03,720 They need to like sell these assets, realize real dollars and 111 00:06:03,720 --> 00:06:05,960 then pay them out to creditors, right. 112 00:06:05,960 --> 00:06:08,880 So I just don't see why they would hedge like they haven't 113 00:06:08,880 --> 00:06:10,040 been. They haven't really cared about. 114 00:06:11,470 --> 00:06:13,030 They've just got approval to sell the assets. 115 00:06:13,030 --> 00:06:15,710 They probably never didn't have approval to hedge so I don't see 116 00:06:15,990 --> 00:06:17,910 why they didn't have approval to do anything. 117 00:06:18,070 --> 00:06:19,510 They never approval to literally do anything. 118 00:06:19,510 --> 00:06:21,270 That's why they've kept all the same assets on the. 119 00:06:21,470 --> 00:06:23,310 This is the first time they've been able to because there was 120 00:06:23,550 --> 00:06:26,750 they've been competing claims about what to do with FTX like 121 00:06:26,750 --> 00:06:29,790 some people have been trying to get it restarted so they didn't 122 00:06:29,790 --> 00:06:32,710 know what to do with the assets. This is the first time I think. 123 00:06:32,790 --> 00:06:35,270 I think I agree with you though. It's been a long time like they 124 00:06:35,270 --> 00:06:40,420 I'd be pissed if now Bitcoin needs to drop like 30%. 125 00:06:40,460 --> 00:06:42,740 You know it was just because they were they, they were went 126 00:06:42,740 --> 00:06:45,220 dicking around, but. But think, but think about the 127 00:06:45,220 --> 00:06:49,180 incentives, right? Like the liquidators and the 128 00:06:49,180 --> 00:06:52,180 lawyers who are getting paid insane amounts of money. 129 00:06:52,660 --> 00:06:54,660 They're incentivized to keep this going for as long as 130 00:06:54,660 --> 00:06:56,940 possible. Like, the creditors who are owed 131 00:06:56,940 --> 00:07:00,820 money don't really get a they're really get a say in anything. 132 00:07:00,900 --> 00:07:05,540 So if you're the lawyer or the credit or the liquidator, you're 133 00:07:05,580 --> 00:07:08,360 saying, yeah. It's just like those are the 134 00:07:08,360 --> 00:07:10,320 incentives. That's how it's all set up. 135 00:07:10,320 --> 00:07:13,320 So like show me incentives and I'll show you the outcome is 136 00:07:13,320 --> 00:07:15,600 kind of the the way these usually play out. 137 00:07:16,520 --> 00:07:19,440 The other thing to know was that in a second tweet this 138 00:07:19,440 --> 00:07:21,360 yesterday. So the new FTX liquidation 139 00:07:21,360 --> 00:07:23,960 proposal that would wouldn't issue advanced public notices 140 00:07:23,960 --> 00:07:26,200 before we start liquidating assets, but would let members of 141 00:07:26,200 --> 00:07:29,040 the creditor committee know the same committee with a bunch of 142 00:07:29,040 --> 00:07:30,520 market makers and OTC desks on it. 143 00:07:30,520 --> 00:07:36,670 So he's basically saying that there was a the they have to 144 00:07:36,670 --> 00:07:40,030 change how they're going to do this sale that they can't really 145 00:07:40,030 --> 00:07:41,150 tell you when they're going to do it. 146 00:07:41,150 --> 00:07:44,110 They we can say we're going to do it on this day, but a 147 00:07:44,110 --> 00:07:45,870 committee will know when they're going to do it and that 148 00:07:45,870 --> 00:07:49,270 committee is full of the market makers and OGC desks that can 149 00:07:49,270 --> 00:07:50,630 basically front run these trades. 150 00:07:50,630 --> 00:07:52,950 So it's kind of a bit of a joke if you're a retail trader 151 00:07:53,550 --> 00:07:55,910 because I think you're going to see market makers know and 152 00:07:55,910 --> 00:07:59,670 they're going to do these sales. I suspect they can only sell 50 153 00:07:59,670 --> 00:08:02,200 million of volts this week and it's 100 million. 154 00:08:02,200 --> 00:08:04,320 They can go up to 200,000,000 but it's only going to start 155 00:08:04,320 --> 00:08:06,720 with 100 million. I suspect they will probably 156 00:08:06,720 --> 00:08:10,160 hedge the Bitcoin needs to start and they will probably look to 157 00:08:10,160 --> 00:08:14,080 try and move some of the other alts they had even said that 158 00:08:14,080 --> 00:08:18,680 they they can stake as well so they might just decide to stake 159 00:08:18,680 --> 00:08:23,920 the I I have no idea but it really depends on how how risky 160 00:08:25,000 --> 00:08:29,480 the the the estate is willing to be in this scenario. 161 00:08:29,480 --> 00:08:33,470 But I agree with you, I said that I guess waiting has made 162 00:08:33,470 --> 00:08:34,710 the money. Or has it lost the money? 163 00:08:35,270 --> 00:08:38,150 Made the money because when after FTS crashed. 164 00:08:38,230 --> 00:08:40,590 Yeah, we've. Sold it the next day. 165 00:08:40,630 --> 00:08:41,630 Yeah. Yeah. 166 00:08:42,590 --> 00:08:44,910 So it's not like, oh God, we're so down bad. 167 00:08:44,910 --> 00:08:46,830 They're probably, they're probably thinking we don't have 168 00:08:46,830 --> 00:08:49,870 to like, absolutely shit the bed here. 169 00:08:50,470 --> 00:08:51,870 Yeah, I thought that was interesting. 170 00:08:52,470 --> 00:08:55,430 The market did sell off briefly. We were doing rap radio last 171 00:08:55,430 --> 00:08:58,070 night with Anson and it sold off during that period. 172 00:08:58,070 --> 00:09:03,040 And then it subsequently bounced to a decent level and we're kind 173 00:09:03,040 --> 00:09:07,640 of where we are today. They have some slight, a few 174 00:09:07,640 --> 00:09:09,280 different macro things that already happened today. 175 00:09:09,280 --> 00:09:12,520 You have the ECB raising rates. You had PPI coming in slightly 176 00:09:12,520 --> 00:09:16,360 better than expected. And then you have a very big IPO 177 00:09:16,400 --> 00:09:20,400 in the AI space, a lot going on in the AI today which is ARM, 178 00:09:20,400 --> 00:09:23,840 which is, which is what do you call? 179 00:09:24,880 --> 00:09:26,560 It AI ARM is a chip manufacturer, UK chip 180 00:09:26,560 --> 00:09:28,120 manufacturer. But it's not AI. 181 00:09:29,150 --> 00:09:31,630 But AI is AI is what's the right demand? 182 00:09:31,630 --> 00:09:34,150 Yeah. I know it's not an AI company. 183 00:09:34,590 --> 00:09:37,270 Yeah, it's NVIDIA. No. 184 00:09:38,390 --> 00:09:42,390 Well, that's shit makers. That's like saying yeah, I don't 185 00:09:42,390 --> 00:09:45,300 know, Alice. Alice aims fight here I can only 186 00:09:45,300 --> 00:09:47,820 tell. Classic Pali fight in 187 00:09:47,820 --> 00:09:48,500 government. I'm just. 188 00:09:49,180 --> 00:09:53,580 I just want us not. AI they they're not AI. 189 00:09:54,140 --> 00:09:57,100 They are big in AI and Internet of Things. 190 00:09:57,820 --> 00:10:00,900 It's a computer company. OK. 191 00:10:00,980 --> 00:10:04,620 All right, fine. I will give you that technically 192 00:10:04,620 --> 00:10:11,140 it's sic 5/07/77 for an argument. 193 00:10:13,210 --> 00:10:16,650 So ARM, which is a technology company may or may not be 194 00:10:16,650 --> 00:10:18,930 released to a I is doing an IPO today. 195 00:10:18,930 --> 00:10:22,770 It is owned by one of the biggest tech V C's on the planet 196 00:10:22,770 --> 00:10:25,130 which is SoftBank. You may have heard of SoftBank 197 00:10:25,130 --> 00:10:28,290 because they previously owned We Work. 198 00:10:28,570 --> 00:10:31,610 They've also been involved in basically a number of different 199 00:10:31,610 --> 00:10:34,170 private company pump and dumps which have gone horrifically 200 00:10:34,170 --> 00:10:36,730 wrong. ARM I think is a decent company. 201 00:10:36,970 --> 00:10:39,730 It's been priced at 52 billion which is one of the biggest IP 202 00:10:39,730 --> 00:10:43,760 O's of the year. If not for the last two years, I 203 00:10:43,760 --> 00:10:45,000 think you could trade up on the break. 204 00:10:45,480 --> 00:10:48,720 I think that's an OK valuation. The last funding round that 205 00:10:48,720 --> 00:10:52,160 SoftBank did they they thought it would be worth 60 to 70 206 00:10:52,160 --> 00:10:54,600 billion. And I just think with demand for 207 00:10:54,600 --> 00:10:57,680 this sort of stuff and arms a good company, I think I think 208 00:10:57,680 --> 00:10:59,880 this will trade well that will define macro sentiment. 209 00:10:59,880 --> 00:11:03,540 You actually saw a bunch of the other tech but related to a I 210 00:11:04,340 --> 00:11:09,220 stocks like NVIDIA up premarket and that was driving the the 211 00:11:09,260 --> 00:11:10,500 strongest stock market performance. 212 00:11:10,500 --> 00:11:14,220 So you've got that you had higher PPI which is probably bad 213 00:11:14,220 --> 00:11:17,580 and you had the the Eurozone randomly raising rates although 214 00:11:17,580 --> 00:11:20,820 the dollar we'd be a little bit strong on the back of that which 215 00:11:20,860 --> 00:11:23,260 I thought was which I would not have expected. 216 00:11:23,620 --> 00:11:25,060 So yeah, macro feeling a little bit better. 217 00:11:25,620 --> 00:11:29,340 Crypto has been bouncing a lot of people pointing to kind of 218 00:11:29,340 --> 00:11:34,100 27, just over 27 K on Bitcoin and around 1700 on it is as the 219 00:11:34,100 --> 00:11:37,940 first like targets that need to be breached before we start 220 00:11:37,940 --> 00:11:40,500 getting out of this downtrend. It's been nine straight weeks of 221 00:11:40,500 --> 00:11:43,380 us going lower, so hopefully we have a little bit of a stronger 222 00:11:43,380 --> 00:11:46,540 base with which to, with which to rally on here. 223 00:11:48,300 --> 00:11:52,180 The second thing that came out yesterday was Stoner cats. 224 00:11:52,860 --> 00:11:58,590 Stoner Cats, which was the infamous project by Mila Kunis 225 00:11:58,710 --> 00:12:01,350 And what's this? Ashton Kutcher. 226 00:12:01,630 --> 00:12:07,030 Ashton Kutcher Yeah, which was kind of like a Stoner cat TV 227 00:12:07,030 --> 00:12:14,590 show slash like IP play quite early on in the NFT space like 228 00:12:14,590 --> 00:12:18,550 when everyone was piling into Nft's they raised $8 million 229 00:12:18,550 --> 00:12:21,160 from their mint. I remember it being kind of they 230 00:12:21,160 --> 00:12:24,200 they do remember they were like can we call Ethereum cuz gas. 231 00:12:24,560 --> 00:12:29,360 Cuz gas was too high during the mint and they came out yesterday 232 00:12:29,360 --> 00:12:33,440 and have settled with the SEC. They settled with the SEC for 233 00:12:34,120 --> 00:12:37,680 unlicensed sale of securities. They're going to pay $1,000,000 234 00:12:37,680 --> 00:12:40,280 fine. Semi cats actually rallied on 235 00:12:40,280 --> 00:12:42,200 the back of it. They did like a 2X or something 236 00:12:42,480 --> 00:12:46,960 stupid, but what do you think of it? 237 00:12:48,010 --> 00:12:49,690 I kind of get that that it's rally because you have 238 00:12:49,690 --> 00:12:54,370 regulatory clarity like that it you can't be, they can't come 239 00:12:54,370 --> 00:12:56,610 after they've already settled, so they can't come after them 240 00:12:56,610 --> 00:12:59,850 even more, right. Yeah, it's quite interesting 241 00:13:00,730 --> 00:13:04,690 it's I have two interesting or like there are two interesting 242 00:13:04,690 --> 00:13:07,290 angles on this. I think the 1st is that the SEC 243 00:13:07,290 --> 00:13:11,490 is just getting people refunds on stuff and so that's 8 million 244 00:13:11,490 --> 00:13:14,050 that's going to flow back into the ecosystem eventually. 245 00:13:14,850 --> 00:13:16,570 I think they only well 1,000,000. 246 00:13:17,440 --> 00:13:19,240 No, I think there are like 1,000,000 is the whole men. 247 00:13:19,360 --> 00:13:20,200 They have to. They have to. 248 00:13:20,440 --> 00:13:22,840 Be the whole men. Yeah, but who's do you think 249 00:13:22,840 --> 00:13:24,320 people actually get go with that refund? 250 00:13:25,480 --> 00:13:28,640 I think it's well, do you think people remember mentioning your 251 00:13:28,840 --> 00:13:31,720 the Stoner cat? Yeah, I think so. 252 00:13:32,240 --> 00:13:34,200 Yeah, there was a thing, there was a I mentioned this today 253 00:13:34,200 --> 00:13:37,520 because there was a, there was a let me bring it up. 254 00:13:37,520 --> 00:13:42,560 Actually, there was a another scam where people were giving 255 00:13:42,560 --> 00:13:45,360 back their money and only like 33 fat bit. 256 00:13:45,360 --> 00:13:48,550 Rex, you see this. Bitrex, which filed for 257 00:13:48,550 --> 00:13:51,030 bankruptcy in May, may profit as customers failed to claim the 258 00:13:51,030 --> 00:13:54,150 money. Only 36,000 out of 1.6 million 259 00:13:54,150 --> 00:13:57,110 customers have withdrawn 143,000,000 worth of crypto 260 00:13:57,110 --> 00:13:58,510 before the claim deadline expired. 261 00:13:58,870 --> 00:14:01,550 Like people? Just and that's the NFT crowd 262 00:14:01,670 --> 00:14:04,310 are a bit more. I think the NFT crowd are a bit 263 00:14:04,310 --> 00:14:07,150 more involved and a bit more up to speed with what's going on 264 00:14:07,150 --> 00:14:10,430 versus like random retail guys who put money into a crypto 265 00:14:10,430 --> 00:14:12,510 exchanges then went bust and they probably forgot about it. 266 00:14:12,750 --> 00:14:16,630 This is quite recent having. Said that, I bet is strong 267 00:14:17,640 --> 00:14:18,720 having said. That I bet. 268 00:14:19,360 --> 00:14:23,360 I bet the number of people, the number of NFT users has gone 269 00:14:23,360 --> 00:14:25,000 down a lot. And I bet you the people who are 270 00:14:25,000 --> 00:14:27,360 still here aren't the ones that meant to current donor cats. 271 00:14:28,080 --> 00:14:30,120 So you all even want to miss it, you know? 272 00:14:31,400 --> 00:14:32,520 You can't. You can't even reach out to 273 00:14:32,520 --> 00:14:34,680 these people because it's all just like Ethereum addresses, 274 00:14:34,680 --> 00:14:35,520 right? So you can't send. 275 00:14:35,560 --> 00:14:38,040 Messages or emails, they might just they might just say you've 276 00:14:38,040 --> 00:14:40,560 got to send this much Ethereum back to the address which meant 277 00:14:40,560 --> 00:14:43,160 to that, like, it's a very easy refund process, right? 278 00:14:43,160 --> 00:14:45,080 It's not a claim. Like in bankruptcy, it's a 279 00:14:45,080 --> 00:14:47,920 claim. Whereas in refund, in a refund 280 00:14:47,920 --> 00:14:50,360 situation, we don't know the details, we're not involved with 281 00:14:50,360 --> 00:14:52,560 this project for the any scrutiny of any three, that's 282 00:14:52,560 --> 00:14:56,640 their agency, blah blah blah. But that's a very easy refund 283 00:14:56,640 --> 00:14:58,640 process. Also, the other interesting 284 00:14:58,640 --> 00:15:04,520 thing is that like the SEC is going after celebrities who have 285 00:15:04,520 --> 00:15:07,400 tons of money, like for me, Kunis and Ashton Kutcher, 286 00:15:07,440 --> 00:15:09,800 settling for 1,000,000 is literally just avoiding a 287 00:15:09,800 --> 00:15:13,060 headache like. And they went after the guy, Tom 288 00:15:13,060 --> 00:15:16,460 Billy from Impact Theory. These people have much bigger, 289 00:15:16,460 --> 00:15:19,940 more profitable profiles outside of Nft's and they just pay the 290 00:15:19,940 --> 00:15:22,900 fine to avoid the headache like it's quite clever from the SEC 291 00:15:22,900 --> 00:15:24,340 actually. Whereas if they go after 292 00:15:24,340 --> 00:15:27,860 somebody like, I don't know, let's just say you labs where 293 00:15:28,620 --> 00:15:32,420 they can't really afford to pay the fine because it's their 294 00:15:32,420 --> 00:15:35,380 whole business model and everything is central to like it 295 00:15:35,380 --> 00:15:38,080 not being a security. Then I think they're gonna come 296 00:15:38,080 --> 00:15:41,040 up against pushback in the same way that they have done with 297 00:15:41,040 --> 00:15:43,280 Coinbase, right? They went against Coinbase. 298 00:15:43,280 --> 00:15:46,640 Yeah, yeah, exactly. And Coinbase were the people, 299 00:15:46,640 --> 00:15:50,240 the one, probably the one out of one 2-3 people who would push 300 00:15:50,280 --> 00:15:52,840 back Ripple, Ripple back. That was the other one. 301 00:15:52,840 --> 00:15:56,520 But yeah, random enforcement action is not a substitute for 302 00:15:56,520 --> 00:15:59,920 actual regulation. They're just basically in the 303 00:15:59,920 --> 00:16:03,600 work for the regulation. So they're just like, well, OK, 304 00:16:03,600 --> 00:16:06,000 well, we can just say you did something similar to them. 305 00:16:06,000 --> 00:16:07,440 If you don't settle with us, we're going to. 306 00:16:07,680 --> 00:16:08,920 Come after you? Yeah. 307 00:16:09,120 --> 00:16:11,080 And once you've got two settlements, everybody would 308 00:16:11,080 --> 00:16:14,000 just be like, oh shit, I should probably settle like it's yeah, 309 00:16:14,080 --> 00:16:16,960 it's cynical, I think, but it's quite clever. 310 00:16:17,480 --> 00:16:21,800 This is not like the other the other case in my opinion this. 311 00:16:22,080 --> 00:16:24,520 The other case but the targeting, the profile of the 312 00:16:24,520 --> 00:16:27,960 person of the people is Tom. Billy is highly successful 313 00:16:27,960 --> 00:16:31,480 entrepreneur with revenue streams outside of our teams, of 314 00:16:31,480 --> 00:16:33,460 course. Of course what I mean is like 315 00:16:33,780 --> 00:16:37,740 this to me is far more like several other projects in the 316 00:16:37,740 --> 00:16:39,020 space. Oh, I see. 317 00:16:39,100 --> 00:16:41,660 Yeah, yeah, yeah. Wasn't they weren't saying 318 00:16:41,660 --> 00:16:43,980 you're getting in at Series A for some. 319 00:16:44,060 --> 00:16:46,460 Remember they did that enforcement a couple weeks ago 320 00:16:47,260 --> 00:16:49,180 and that was like, well, that's clearly a security. 321 00:16:49,340 --> 00:16:51,180 Like that was really dumb in the marketing. 322 00:16:51,180 --> 00:16:54,660 This feels like this is just a stone's throw away from how half 323 00:16:54,660 --> 00:16:58,260 of the projects in the space actually raised. 324 00:16:58,780 --> 00:17:00,900 Do you think entities are securities? 325 00:17:03,040 --> 00:17:06,359 Depends. Well, it depends. 326 00:17:06,359 --> 00:17:11,200 It just depends on like what the NFT is like if it's like, hey, 327 00:17:11,480 --> 00:17:15,040 with these proceeds we're going to make a film and you're going 328 00:17:15,200 --> 00:17:18,680 to earn a share of the profits of the film, then yeah, that's 329 00:17:18,680 --> 00:17:21,440 absolutely security. If it's just like, hey, this is 330 00:17:21,440 --> 00:17:23,000 a piece of art and it's not security. 331 00:17:23,000 --> 00:17:24,560 So I think it depends on the NFT itself. 332 00:17:24,560 --> 00:17:27,800 Like I think the the two things about the Tom Billy, one of the 333 00:17:27,880 --> 00:17:31,000 and the millions one is yes, because they're celebrities have 334 00:17:31,000 --> 00:17:33,360 big followings. It was easy for them to make a 335 00:17:33,360 --> 00:17:36,000 case about it knowing that it would get to the mainstream 336 00:17:36,000 --> 00:17:37,680 media. So I think that's definitely one 337 00:17:37,680 --> 00:17:39,880 of the reasons why they did it. And the second reason is it was 338 00:17:39,880 --> 00:17:43,400 quite clear in both of those things they were like trying to 339 00:17:43,400 --> 00:17:47,080 imply that the energies would have higher value because of 340 00:17:47,080 --> 00:17:48,400 like things that they were doing. 341 00:17:49,240 --> 00:17:52,000 And I think that's not technically the definition of a 342 00:17:52,000 --> 00:17:55,280 security, but it does give it an investment like. 343 00:17:57,450 --> 00:18:00,090 Feel to the to what you're purchasing which I understand 344 00:18:00,090 --> 00:18:02,290 because I think the whole point of securities laws like if 345 00:18:02,290 --> 00:18:04,610 you're if someone is making an investment they need to be 346 00:18:04,610 --> 00:18:08,170 protected by certain laws. So when you're like, oh, by the 347 00:18:08,170 --> 00:18:09,370 10FT. And by the way, we're going to 348 00:18:09,370 --> 00:18:11,330 do this, this and this and you know something. 349 00:18:11,450 --> 00:18:14,050 But they literally said it's like investing in the seed round 350 00:18:14,050 --> 00:18:16,250 of Disney. Or this one was like, yeah, like 351 00:18:16,250 --> 00:18:18,450 we have Hollywood producers on board and we're going to like, 352 00:18:20,810 --> 00:18:22,650 you know, say it like they're saying all this stuff, which. 353 00:18:23,110 --> 00:18:25,790 Make the Just to quickly push back. 354 00:18:25,790 --> 00:18:29,110 Isn't that just the same as like, Kickstarter, A 355 00:18:29,110 --> 00:18:31,670 Kickstarter, you invest in something, they often say, like 356 00:18:31,670 --> 00:18:32,350 you're gonna. Get started. 357 00:18:32,350 --> 00:18:33,910 You don't invest Kickstarter. You have. 358 00:18:33,910 --> 00:18:35,510 No. No you don't. 359 00:18:36,030 --> 00:18:38,670 No, your starter is good. You don't own. 360 00:18:39,390 --> 00:18:43,350 You usually get prior access to the good. 361 00:18:44,310 --> 00:18:46,310 There's not a forward purchase agreement really. 362 00:18:49,650 --> 00:18:51,010 They they often provide benefits. 363 00:18:51,010 --> 00:18:54,370 I've done kicks up like that. If you do a kick start campaign, 364 00:18:54,570 --> 00:18:58,690 you're often providing utility utility to the people who have 365 00:18:58,690 --> 00:19:01,050 helped fund it. You can't resell your You can't 366 00:19:01,050 --> 00:19:04,570 resell your your donation. So it's not like how to. 367 00:19:04,650 --> 00:19:06,570 Get in market for it. Yeah, it's true. 368 00:19:06,570 --> 00:19:09,090 But is is that what's the issue you think? 369 00:19:09,130 --> 00:19:11,530 I think so because they then and if you look at the read the Mila 370 00:19:11,530 --> 00:19:16,250 Kunis, the second point is they then applied a 2.5% royalty and. 371 00:19:16,780 --> 00:19:18,900 It was phrased in a way that it would encourage like secondary 372 00:19:18,900 --> 00:19:21,980 trading and market in the second like trading in the secondary 373 00:19:21,980 --> 00:19:25,860 market. So it seemed it was like those 374 00:19:25,860 --> 00:19:29,620 two things in conjunction. So if the is the NFT market 375 00:19:29,620 --> 00:19:31,740 discruited? No, I don't. 376 00:19:31,740 --> 00:19:33,380 I don't think the whole NFT market screwed. 377 00:19:33,380 --> 00:19:36,740 I think there are some Nft's that have either clearly broken 378 00:19:36,740 --> 00:19:40,660 securities laws of have have had complete disregard for them or 379 00:19:40,900 --> 00:19:43,700 people who have done bad actors who have just tried to like. 380 00:19:44,100 --> 00:19:46,740 Pipe their projects up by putting in implied values based 381 00:19:46,740 --> 00:19:48,340 on what they're doing, which I think are also in trouble as 382 00:19:48,340 --> 00:19:49,740 well. That's why I think a lot of 383 00:19:49,740 --> 00:19:52,340 people who have been like distant, like we're going to do 384 00:19:52,340 --> 00:19:54,140 this, this and this and like if we're going to put these 385 00:19:54,140 --> 00:19:55,380 entities are going to go a lot higher. 386 00:19:55,380 --> 00:19:57,460 And I know like a lot of the projects I've done that have 387 00:19:57,460 --> 00:19:59,220 been smaller projects and they're not maybe going to be 388 00:19:59,220 --> 00:20:01,900 the ones that will be made examples of, but I think a lot 389 00:20:01,900 --> 00:20:03,460 of a lot of them will be in trouble. 390 00:20:03,460 --> 00:20:05,900 Yeah not I don't. It doesn't mean the whole NFT 391 00:20:05,900 --> 00:20:09,540 market is screwed because NFT market is very broad as a whole 392 00:20:09,540 --> 00:20:10,620 thing. Like do you think wrecked guy is 393 00:20:10,620 --> 00:20:11,900 screwed to this? No, because. 394 00:20:12,380 --> 00:20:14,300 We haven't done any of that stuff right, but do I think? 395 00:20:14,740 --> 00:20:17,180 I don't know. Why is regulation getting in the 396 00:20:17,180 --> 00:20:19,140 way of technology? This is a completely 397 00:20:19,140 --> 00:20:22,900 revolutionary way. The other thing is, and I'll 398 00:20:22,900 --> 00:20:28,620 just bring it up now, is the there was internal descent on 399 00:20:28,620 --> 00:20:31,650 the back of this again. So this this Hester Pierce who 400 00:20:31,650 --> 00:20:36,050 is people say could be be the next Gary Gensler came out and 401 00:20:36,050 --> 00:20:39,490 basically said we shouldn't be doing this like we are way too 402 00:20:39,490 --> 00:20:42,970 early and too heavy-handed with what is clearly like leaked. 403 00:20:43,210 --> 00:20:46,370 Like it says, where we apply the security stores to physical 404 00:20:46,370 --> 00:20:49,330 collectors in the same way that we apply them to NF T's. 405 00:20:49,990 --> 00:20:52,470 Creativity would wither in the shadow of legal ambiguity. 406 00:20:52,470 --> 00:20:55,590 Rather than arbitrarily bringing enforcement actions against 407 00:20:55,590 --> 00:20:58,230 entity projects, we ought to lay out some clear guidelines for 408 00:20:58,230 --> 00:21:00,510 artists and other creators who want to experiment with entities 409 00:21:00,830 --> 00:21:03,070 as a way to support their creative efforts and build their 410 00:21:03,070 --> 00:21:04,790 fan communities. I just completely agree with 411 00:21:04,790 --> 00:21:06,470 this. It's like, what the hell are 412 00:21:06,470 --> 00:21:08,230 they doing? I agree. 413 00:21:08,910 --> 00:21:12,630 I really highly handed without any writing any laws and just 414 00:21:12,630 --> 00:21:13,910 being like, you know this is all crap. 415 00:21:13,950 --> 00:21:17,230 But I agree with, I definitely agree with Hester Pierce. 416 00:21:17,230 --> 00:21:22,350 I think regulation should come to provide clarity and should 417 00:21:22,350 --> 00:21:26,470 come to encourage creativity and technological advancement. 418 00:21:27,830 --> 00:21:30,390 But at the same time, it's just like I do think regulation is 419 00:21:30,430 --> 00:21:32,510 required. Like there's been think about 420 00:21:32,510 --> 00:21:35,470 how many bad actors ever have been in the NOT space, like more 421 00:21:35,470 --> 00:21:38,430 projects than not projects have come from bad actors who just 422 00:21:38,590 --> 00:21:40,910 walked away with the money and who's like paid the cost of 423 00:21:40,910 --> 00:21:41,990 that. It's been retail investors. 424 00:21:41,990 --> 00:21:45,630 So I do think it's needed. I do think they've gone for two. 425 00:21:45,670 --> 00:21:46,790 The two projects they've gone for. 426 00:21:46,790 --> 00:21:50,580 I do think they have legitimate, you know, reasons to go for 427 00:21:50,580 --> 00:21:51,620 them. Like the Tom Bellier thing was a 428 00:21:51,620 --> 00:21:52,780 joke. Like you see all the shit that 429 00:21:52,780 --> 00:21:55,780 they wrote joking as a sort of thing that was obviously a very 430 00:21:55,780 --> 00:21:58,500 obviously a cash grab. Stoner cats maybe is a bit more 431 00:21:58,500 --> 00:22:01,700 of a Gray area, but like they did things that aren't within 432 00:22:01,700 --> 00:22:05,340 the current framework. So I think in their original 433 00:22:05,460 --> 00:22:07,940 road map they did have revenue sharing as part of the thing. 434 00:22:07,940 --> 00:22:10,900 Like you just can't do that within the current framework 435 00:22:10,900 --> 00:22:13,540 that there is. There are projects have clearly 436 00:22:13,540 --> 00:22:17,730 broken existing guidelines that are very clear and they have to 437 00:22:17,730 --> 00:22:22,290 have, they have to be, you know, they have to be regulated after 438 00:22:22,290 --> 00:22:25,530 they're going to get penalized because there is some clarity on 439 00:22:25,530 --> 00:22:27,530 some things that is very clear and people have broken even 440 00:22:27,530 --> 00:22:30,210 those. So I agree like with everything 441 00:22:30,210 --> 00:22:32,610 that has appears to saying, I don't think the two that have 442 00:22:32,610 --> 00:22:36,530 come for are bad things. I think they've come, they've 443 00:22:36,530 --> 00:22:39,610 come for them within the existing framework. 444 00:22:39,610 --> 00:22:41,970 I think they've broken laws within the existing framework. 445 00:22:42,250 --> 00:22:44,570 But the next stage isn't just to come for everyone. 446 00:22:44,570 --> 00:22:47,110 They haven't come for everyone is to create a clearer 447 00:22:47,110 --> 00:22:51,590 framework. So I think there's merit in both 448 00:22:51,590 --> 00:22:53,510 sides. We're gonna hear now the court 449 00:22:53,510 --> 00:22:56,470 cases. I really hope the next move is 450 00:22:56,470 --> 00:22:59,830 we are now gonna put together some sort of committee or to 451 00:22:59,830 --> 00:23:02,830 look into like an independent committee alongside Congress or 452 00:23:02,830 --> 00:23:05,110 whatever to look at some of the regulations of this, not just 453 00:23:05,350 --> 00:23:06,390 right now. We're gonna go after you go 454 00:23:06,390 --> 00:23:09,090 lapse. Is this just I hope? 455 00:23:09,170 --> 00:23:11,810 I hope they go after every single project that's broken 456 00:23:11,810 --> 00:23:13,170 law. I really do because. 457 00:23:13,290 --> 00:23:17,290 All the all, there's quite a clear correlation between every 458 00:23:17,290 --> 00:23:20,810 project that's violated SEC laws with the ones that ended up 459 00:23:20,810 --> 00:23:22,570 rugging or ended up being cash grabs. 460 00:23:22,770 --> 00:23:24,730 Like it's very clear the people who are hyping up their projects 461 00:23:24,730 --> 00:23:28,210 saying all the stuff which was basically illegal, or also the 462 00:23:28,210 --> 00:23:30,290 same guys, funnily enough, who just walked off with the money 463 00:23:30,290 --> 00:23:33,450 and haven't done anything. So I really, really hope they 464 00:23:33,450 --> 00:23:35,570 penalize all of them and find all of them and go after all 465 00:23:35,570 --> 00:23:37,990 those guys. And in conjunction, they provide 466 00:23:37,990 --> 00:23:42,790 some clarity and regulation for people who are acting in good 467 00:23:42,790 --> 00:23:44,750 faith and they don't just come after people going in good 468 00:23:44,750 --> 00:23:45,950 faith. But so far the two that they've 469 00:23:45,950 --> 00:23:48,870 done, you can't contest them like they've done wrong. 470 00:23:48,870 --> 00:23:49,990 They've done wrong things and they come for them. 471 00:23:49,990 --> 00:23:52,430 I think that's absolutely right. But they do that and they don't 472 00:23:52,430 --> 00:23:55,590 need to provide more clarity or change of framework to do that 473 00:23:55,590 --> 00:23:58,830 because it's in the existing framework that they've violated. 474 00:24:00,390 --> 00:24:02,550 Can I get a SEC? Hell yeah. 475 00:24:03,350 --> 00:24:03,990 Yeah. I'm not. 476 00:24:04,190 --> 00:24:05,550 I'm not pro. I'm not. 477 00:24:05,590 --> 00:24:06,670 I'm not. I'm not fed. 478 00:24:07,470 --> 00:24:11,790 I will. There's completely a Fed outed 479 00:24:11,790 --> 00:24:14,070 out there, OK? Cool. 480 00:24:15,390 --> 00:24:18,430 What is the NFD market outed as an undercover Fed? 481 00:24:18,870 --> 00:24:21,830 Wow. OK, so the next. 482 00:24:21,830 --> 00:24:24,230 Thing's down in that scenario. I I've been. 483 00:24:24,630 --> 00:24:28,270 I hope down. I hope down within within the 484 00:24:28,270 --> 00:24:34,190 framework. Standing behind Gary at the 485 00:24:34,190 --> 00:24:40,430 Senate. OK, so to mention is what's 486 00:24:40,430 --> 00:24:42,910 going on. Talking about buying back of 487 00:24:42,910 --> 00:24:45,910 Nft's. Cyrus posted a good post 488 00:24:45,910 --> 00:24:49,230 yesterday and this has been up for debate for a long, long 489 00:24:49,230 --> 00:24:51,070 time. But after months of theatrics, 490 00:24:51,070 --> 00:24:54,830 matchy, matchy, Big Brother, famous, a collector slash 491 00:24:54,910 --> 00:24:58,740 purchaser. Matches 8 point proposal to use 492 00:24:59,100 --> 00:25:02,300 11,000,008 to purchase 8 mutants and punk and place them into 493 00:25:02,300 --> 00:25:05,660 museums is finally going live for voting tomorrow. 494 00:25:05,660 --> 00:25:09,660 It pass if passed, feels likely a new government's token dam 495 00:25:09,660 --> 00:25:11,740 will be launched and we used for selection and creation of 496 00:25:11,740 --> 00:25:13,180 Antise. You'll be able to get DAM 497 00:25:13,180 --> 00:25:16,770 allocation by time locking APE. Probably to counteract the 498 00:25:16,770 --> 00:25:20,170 selling pressure of 11,000,008 used to buy FTS, at least 50% of 499 00:25:20,170 --> 00:25:21,570 the capital will be deployed in year one. 500 00:25:21,810 --> 00:25:25,290 There's also a clause that prevents any buyer of buys of 501 00:25:25,290 --> 00:25:29,370 Nfc's directly from Matchy. What do you think about this? 502 00:25:31,330 --> 00:25:35,250 There's two interesting this is not to buy his own Nfc's or. 503 00:25:35,530 --> 00:25:38,850 I mean. Well, it's buying my bags 504 00:25:38,850 --> 00:25:40,530 indirect. And it's come on in the same 505 00:25:40,530 --> 00:25:48,510 wallet and. But do you think this is a good 506 00:25:48,510 --> 00:25:51,630 use of APE? Do you like Okay? 507 00:25:51,630 --> 00:25:53,830 So what? What have APE been used for so 508 00:25:53,830 --> 00:25:55,070 far? They did. 509 00:25:55,230 --> 00:25:57,710 They did pass at the same day yesterday. 510 00:25:57,710 --> 00:26:02,990 They passed the documentary. People have felt as though, I 511 00:26:02,990 --> 00:26:04,950 mean, Ape has been using some of the games. 512 00:26:04,950 --> 00:26:09,950 It's been useful, but largely Ape trades at just over $1.00 513 00:26:09,950 --> 00:26:12,730 now. And that is kind of 514 00:26:12,730 --> 00:26:15,090 understandable given all the unlocks and everything. 515 00:26:16,730 --> 00:26:20,410 But there clearly has not been value created with Abe. 516 00:26:21,090 --> 00:26:23,450 Should these sort of tokens just be used to just buy back the? 517 00:26:23,450 --> 00:26:30,130 NFTS what do you think build circular Just like we're going 518 00:26:30,130 --> 00:26:33,130 to use this thing which have we don't have A use for yet to buy 519 00:26:33,130 --> 00:26:36,330 this other thing which we don't have A use for yet and it's they 520 00:26:36,330 --> 00:26:38,920 need to. I guess they need to prop up the 521 00:26:38,920 --> 00:26:41,600 value so that people can exit until the game comes. 522 00:26:41,600 --> 00:26:45,760 There needs to be value creation until other side, which is the 523 00:26:45,760 --> 00:26:48,240 main use case. We think for it. 524 00:26:49,000 --> 00:26:51,320 Until that's ready. That's what it feels like to me. 525 00:26:51,320 --> 00:26:53,880 It feels like a combination of that and I'm actually saying buy 526 00:26:53,880 --> 00:26:56,120 my bags. I've been propping up the price 527 00:26:56,120 --> 00:26:58,240 alone for too long and I need some help. 528 00:27:00,920 --> 00:27:03,400 That's not too since. What do you think, NSF? 529 00:27:04,800 --> 00:27:08,890 Look, I think it's maybe it's an exit strategy for Matt Machi, I 530 00:27:08,890 --> 00:27:13,770 don't know. It's a bit of a weird exit 531 00:27:13,770 --> 00:27:17,490 strategy because like he's bought ape and he's put this 532 00:27:17,490 --> 00:27:20,570 through which has caused the price of ape to go lower and 533 00:27:20,570 --> 00:27:22,930 then he's going to be able to sell his apes, but then in turn 534 00:27:22,930 --> 00:27:25,890 like eight coin goes lower. So I don't really, I don't 535 00:27:25,890 --> 00:27:30,610 really know what's going on and yeah it's just it's very 536 00:27:30,610 --> 00:27:32,770 recursive isn't it? Like I didn't understand how 537 00:27:32,770 --> 00:27:35,130 this solves anything in the long term. 538 00:27:35,130 --> 00:27:38,090 I guess it takes some supply of apes off the market and maybe he 539 00:27:38,090 --> 00:27:42,290 has a view that you know 1000 apes is what, 10% of the supply 540 00:27:42,290 --> 00:27:46,250 maybe has a view that will wipe out most of the supply, but that 541 00:27:46,250 --> 00:27:49,210 people want to sell and it has a big impact on it. 542 00:27:49,210 --> 00:27:51,930 But I don't know like I think it'd. 543 00:27:54,170 --> 00:27:56,530 Be pretty funny. It'd be pretty funny if this if 544 00:27:56,530 --> 00:28:00,130 this did pass. Like it feels like it will. 545 00:28:01,320 --> 00:28:03,600 Yeah, that's what I think, like it's it's kind of reminds me of 546 00:28:03,600 --> 00:28:05,040 what the nouns that we just spoke about. 547 00:28:05,040 --> 00:28:08,000 It's just we tried some, we tried something, It didn't quite 548 00:28:08,000 --> 00:28:09,800 work out. And now we're just buying back 549 00:28:09,800 --> 00:28:12,280 the original thing that we had because we think that's the best 550 00:28:12,280 --> 00:28:15,280 thing. Would you be happy to see board 551 00:28:15,280 --> 00:28:21,080 apes in museums? Were you going to see that board 552 00:28:21,080 --> 00:28:23,040 apes in museums? That's where. 553 00:28:23,040 --> 00:28:26,560 That's where he wants to showcase them. 554 00:28:26,560 --> 00:28:28,320 I mean, I. Think it'd be a pretty cool 555 00:28:28,320 --> 00:28:31,460 exhibition I'd take. Take my mates. 556 00:28:32,060 --> 00:28:34,500 You know, like there was a time when that board apes had this 557 00:28:35,020 --> 00:28:37,780 board apes for like the thing about board apes was so amazing. 558 00:28:37,780 --> 00:28:39,500 Like they went from there just being like the coolest thing in 559 00:28:39,500 --> 00:28:42,980 the world to the least cool thing in the world is. 560 00:28:43,660 --> 00:28:45,700 That off you help them? Well no. 561 00:28:45,700 --> 00:28:50,700 Like I think that I think that was already in motion at that 562 00:28:50,700 --> 00:28:52,420 point in time like you just, I don't know like. 563 00:28:55,600 --> 00:28:57,080 I know what you mean. Price lower. 564 00:28:57,360 --> 00:29:00,720 Blood and bloods like they they they look behind. 565 00:29:01,120 --> 00:29:03,800 As they go lower, they'll look better as they go higher. 566 00:29:04,160 --> 00:29:06,800 Suddenly, crypto punks just like incredible again because of the 567 00:29:06,800 --> 00:29:09,880 highest Has anyone, Has anyone ever hated crypto punks as 568 00:29:09,880 --> 00:29:14,000 they've gone lower? Like, I guess people have hated 569 00:29:14,000 --> 00:29:17,680 the elitism of them when they've been at higher prices. 570 00:29:17,680 --> 00:29:19,320 I think that's something that's existed. 571 00:29:22,600 --> 00:29:24,800 But is that a bad type of hate? Or is that an envious type of 572 00:29:24,800 --> 00:29:29,000 hate like? Well, I think it's a bit of, but 573 00:29:29,000 --> 00:29:32,600 I think it's a it's kind of a bit is the psyche of it is a bit 574 00:29:32,600 --> 00:29:34,560 like, well, we don't need to do anything. 575 00:29:34,560 --> 00:29:37,000 We were first. It's kind of like that Bitcoin 576 00:29:37,000 --> 00:29:38,480 psyche that everything came after us. 577 00:29:38,480 --> 00:29:43,920 It's just it's just a bit crap. Interestingly, most Nft's are 578 00:29:43,920 --> 00:29:45,960 being absolutely hammered right now. 579 00:29:47,560 --> 00:29:52,120 You've seen Friend Tech again, just, like, smashing. 580 00:29:53,620 --> 00:29:59,020 The the volumes going into NF T's I think crater royalties in 581 00:29:59,020 --> 00:30:03,300 Franteca something like 6 times what's going on F T's and you've 582 00:30:03,300 --> 00:30:06,380 seen kind of across the board all dates are down. 583 00:30:06,540 --> 00:30:08,860 Even on the back of this, like we're talking about buying 584 00:30:08,860 --> 00:30:14,420 hundreds of apes, all dates are down, sent today into down 10. 585 00:30:14,980 --> 00:30:18,580 We will get on to the number three now, which is Nakamigos 586 00:30:19,740 --> 00:30:24,420 are down. Checks, notes, 22% they were 587 00:30:24,420 --> 00:30:27,580 down. As much as 40% they came out. 588 00:30:28,540 --> 00:30:31,020 There were a lot of hype going into what they were going to do 589 00:30:32,460 --> 00:30:34,340 and they really changed the game. 590 00:30:34,340 --> 00:30:35,900 Actually, they really changed the game. 591 00:30:35,900 --> 00:30:42,900 They came out with A20K20K Mint at nought point nought 5. 592 00:30:43,540 --> 00:30:46,740 If you own an akamigo you get exactly nothing. 593 00:30:47,260 --> 00:30:54,090 Same price as the public mint. And I forget what they called 594 00:30:54,090 --> 00:30:55,210 cloaks. Cloaks. 595 00:30:56,290 --> 00:30:58,930 Yeah. What did you guys think of 596 00:30:58,930 --> 00:31:03,090 Nakamigos, Cloaks, man? Like that was one of the 597 00:31:03,090 --> 00:31:05,210 projects that came this year. Everyone was like, yeah, so 598 00:31:05,210 --> 00:31:08,290 good, like organic vibes and all this stuff. 599 00:31:08,290 --> 00:31:11,650 And then they just like, yeah, and then there's like fall is 600 00:31:11,650 --> 00:31:13,010 coming and they just come to the market. 601 00:31:13,010 --> 00:31:16,890 It's like, hey, we're just doing another 20 K drop in the 0.05 E 602 00:31:16,890 --> 00:31:20,090 we're trying to take out thousand ETH of this market and 603 00:31:20,900 --> 00:31:23,180 they're not really doing anything that wrong. 604 00:31:23,180 --> 00:31:24,180 Like they never promised anything. 605 00:31:24,180 --> 00:31:31,300 They don't have a road map. They a lot of what's happened 606 00:31:31,300 --> 00:31:34,740 has been speculation and hype and there's not like anything 607 00:31:34,940 --> 00:31:36,700 specifically wrong that they're doing here. 608 00:31:36,700 --> 00:31:40,380 But it's just once again like a sign of there being no 609 00:31:40,380 --> 00:31:45,110 creativity or like innovation. And these guys are obviously 610 00:31:45,110 --> 00:31:47,590 experts that they're they're who knows, there's a lot of 611 00:31:47,590 --> 00:31:49,710 speculations to who they are, but these guys know what they're 612 00:31:49,710 --> 00:31:51,510 doing, right? So they haven't done this 613 00:31:51,710 --> 00:31:53,510 without knowing that it's going to get fudded. 614 00:31:53,510 --> 00:31:55,230 But I think they're like, you know what, let's just try it and 615 00:31:55,230 --> 00:31:57,550 see if we can get away with it. If not, we'll move it back to a 616 00:31:57,790 --> 00:31:59,190 free min. And now it's free min to. 617 00:32:00,030 --> 00:32:02,910 Be Yeah, to be fair, they responded to the feedback and 618 00:32:02,910 --> 00:32:04,310 now it's free for holders. Yeah. 619 00:32:04,310 --> 00:32:06,190 But corn, do you think, do you think these guys didn't know 620 00:32:06,190 --> 00:32:07,790 what they were doing like Corset is like? 621 00:32:09,070 --> 00:32:14,070 I really love. It only and I just, yeah, 622 00:32:14,350 --> 00:32:19,110 literally that. Option 120 thousand 3 = 3 Option 623 00:32:19,110 --> 00:32:23,070 220 thousand and oh .05 = 1000. I just think option two is 624 00:32:23,070 --> 00:32:29,110 significantly better. Five so true, I just. 625 00:32:29,110 --> 00:32:33,150 Don't understand, like I don't understand that every element of 626 00:32:33,150 --> 00:32:37,150 this, right like the team, like we've seen this strategy fail so 627 00:32:37,150 --> 00:32:38,750 many times. Everybody knows that you can't 628 00:32:38,750 --> 00:32:40,870 just extract that much value without. 629 00:32:41,300 --> 00:32:43,500 Impacting the current collection, Maybe they don't 630 00:32:43,500 --> 00:32:46,500 care, whatever, but also they were tricked. 631 00:32:46,500 --> 00:32:50,500 Like how many times have we seen this happen from people in 632 00:32:50,500 --> 00:32:53,540 retail buys, in buys, the announcement, and then the 633 00:32:53,540 --> 00:32:57,060 announcement is more NF t's? Well, that's the only. 634 00:32:57,100 --> 00:32:59,460 Way I feel like, I feel like we've seen this on repeat this 635 00:32:59,460 --> 00:33:02,020 year and I know that's the end because the business thanks to 636 00:33:02,020 --> 00:33:05,140 Blur and I know you can see to be fair, there's no creative 637 00:33:05,140 --> 00:33:09,720 royalties, but I feel like. We at least deserve some 638 00:33:09,720 --> 00:33:14,600 ingenuity or innovative way of creating value, rather than 639 00:33:14,760 --> 00:33:18,280 there's another 20,000 NFTS that nobody wants how you left. 640 00:33:18,640 --> 00:33:21,360 It is literally the only way to make money unless you go down 641 00:33:21,360 --> 00:33:24,920 the alternative revenue streams like we're going to use the IP 642 00:33:24,920 --> 00:33:31,400 to build build consumer products business or I don't know, maybe 643 00:33:31,400 --> 00:33:36,960 some tech business, the only way is just to give you more NFTS. 644 00:33:37,650 --> 00:33:42,570 So expect expect this from literally every team that has 645 00:33:42,610 --> 00:33:44,810 some sort of a bun. What I would say is Nakamigos is 646 00:33:44,810 --> 00:33:46,330 not the one I would have chosen for this. 647 00:33:46,690 --> 00:33:53,090 Like I could imagine, I don't know a Doodles or a Yugo or a or 648 00:33:53,090 --> 00:33:55,570 being like what we have significant cash burn guys like 649 00:33:55,570 --> 00:33:57,610 we need to need to raise some cash. 650 00:33:57,930 --> 00:34:01,370 Nakamigos was a free mint which they made a bunch of trading 651 00:34:01,370 --> 00:34:03,010 fees. It's very difficult to say how 652 00:34:03,010 --> 00:34:06,090 much because of because the volumes were. 653 00:34:07,030 --> 00:34:10,389 Post blur and it's it's very very difficult to work out. 654 00:34:10,389 --> 00:34:13,949 But let's say they made millions, low millions in 655 00:34:13,949 --> 00:34:16,830 trading fees. They didn't really need to do 656 00:34:16,830 --> 00:34:20,030 this like it was just an artist and seemingly some devs. 657 00:34:20,030 --> 00:34:22,590 Which have been is it, what's the name of it? 658 00:34:22,590 --> 00:34:27,030 High, high, high for labs. Yeah, high for labs. 659 00:34:28,590 --> 00:34:33,350 They're all anons. I don't know, like the community 660 00:34:33,590 --> 00:34:35,949 didn't never really felt like it was expecting anything. 661 00:34:36,690 --> 00:34:38,810 From what I saw it. Just might sell out. 662 00:34:38,810 --> 00:34:42,010 We don't know. It might sell out. 100%, it's 663 00:34:42,010 --> 00:34:45,850 going to sell out 100%. Is it the wrong play? 664 00:34:46,010 --> 00:34:48,370 Are we just being kind of snobbish because we think it's 665 00:34:48,370 --> 00:34:50,530 there are too many Nfds? Everybody's doing this, but if 666 00:34:50,530 --> 00:34:53,370 it sells out, isn't that telling you that there is demand for it? 667 00:34:54,130 --> 00:34:56,050 Well, I just tell any of that people wanna gamble. 668 00:34:56,449 --> 00:34:59,410 Yeah, that's just people wanna gamble, in my opinion. 669 00:35:00,060 --> 00:35:01,900 You have people a way to gamble, that's fine. 670 00:35:01,900 --> 00:35:06,260 But the medium term prospects for that project now in my eyes 671 00:35:06,260 --> 00:35:10,060 have been massively hurt. It was already A20K project, 672 00:35:10,060 --> 00:35:11,700 right? Yeah. 673 00:35:12,140 --> 00:35:14,980 Like Amigos, so now you have 40,000 NFT. 674 00:35:16,380 --> 00:35:18,060 Broaden the community. It's a broad church. 675 00:35:18,060 --> 00:35:21,340 Everybody's welcome. That's the more the more the 676 00:35:21,340 --> 00:35:23,980 merrier we. Just want to get more people 677 00:35:23,980 --> 00:35:27,620 into NF. T's just a million We want to go 678 00:35:27,620 --> 00:35:32,970 mainstream. Yeah, I think it will 100% sell 679 00:35:32,970 --> 00:35:36,050 out just like any project, like any project with a floor of 680 00:35:36,050 --> 00:35:42,250 nought .5 plus or around nought .5 that decides to do a mint, it 681 00:35:42,250 --> 00:35:44,090 will probably sell out at that level. 682 00:35:44,490 --> 00:35:45,730 But then it's just the wrong play. 683 00:35:45,810 --> 00:35:48,370 I don't agree with it, and I agree with you that it hurts me 684 00:35:48,370 --> 00:35:51,370 then. So the team is a great play and 685 00:35:51,410 --> 00:35:53,570 at the end of the day, they're going to do what they want. 686 00:35:53,570 --> 00:35:56,210 They're not. They're not going to pay 687 00:35:56,210 --> 00:35:59,110 anything in trading fees now. Now that is sitting there going 688 00:35:59,110 --> 00:36:02,470 like, well, if we're not going to get paid trading fees does 689 00:36:02,470 --> 00:36:05,710 it, We can just do what we want and you'll see that more and 690 00:36:05,710 --> 00:36:09,790 more like there's now a bit of a competition I think situation 691 00:36:09,790 --> 00:36:15,150 between holders and and teams because why should you? 692 00:36:16,950 --> 00:36:20,470 I shouldn't you mean? Yeah, exactly. 693 00:36:20,470 --> 00:36:21,190 Why? Why shouldn't? 694 00:36:21,230 --> 00:36:22,470 Why shouldn't you do this sort of stuff? 695 00:36:22,750 --> 00:36:27,670 Because no, no one's paying anyone so. 696 00:36:28,390 --> 00:36:29,470 I just think it's an interesting one. 697 00:36:30,030 --> 00:36:33,430 That's why you need your founders to not be, not be 698 00:36:33,430 --> 00:36:41,950 desperate for liquidity. We will move on from that to the 699 00:36:42,470 --> 00:36:46,110 moving on. Swiftly moving on from that to 700 00:36:46,110 --> 00:36:49,550 the comments by CZ, there is obviously we've mentioned this 701 00:36:49,550 --> 00:36:55,670 yesterday, there was Token 2049 going on in Singapore right now, 702 00:36:56,030 --> 00:36:58,440 a couple of different. Comments which were made. 703 00:36:58,440 --> 00:37:00,560 Their first one was Brian Armstrong. 704 00:37:01,080 --> 00:37:04,720 He was basically saying he thinks defy should take the CFTC 705 00:37:04,720 --> 00:37:08,000 to court, which I kind of agree with. 706 00:37:08,920 --> 00:37:11,880 I think it's this random enforcement action over 707 00:37:11,880 --> 00:37:13,720 regulation. It's just a joke. 708 00:37:14,480 --> 00:37:18,520 People need to start regulation and then work backwards. 709 00:37:18,960 --> 00:37:23,680 And then the the other one was CZ who basically came out oh 710 00:37:23,680 --> 00:37:28,420 isn't that working? And said finance CEO's signing 711 00:37:28,420 --> 00:37:30,820 up for 100 million Crypt users will be a big challenge unless 712 00:37:30,820 --> 00:37:32,860 they can buy crypto cash. There he is looking. 713 00:37:33,260 --> 00:37:34,620 Look at him. Look at him. 714 00:37:34,620 --> 00:37:37,380 He looks pretty happy. That's a four right there. 715 00:37:37,580 --> 00:37:39,700 He looks like he's already in a fucking cell. 716 00:37:46,100 --> 00:37:47,380 Does it look like he's in a cell? 717 00:37:47,380 --> 00:37:49,700 Is that a mugshot? Focus, yeah. 718 00:37:50,740 --> 00:37:53,300 He's only got 2. He's only got 2 fingers. 719 00:37:53,660 --> 00:38:00,860 Up there, he's the other one handcuffed to the wall man. 720 00:38:02,820 --> 00:38:07,100 Two is the new 4 for CZ, according to this photo. 721 00:38:08,180 --> 00:38:11,060 Yeah, he's basically said that finance CEO has difficulty 722 00:38:11,060 --> 00:38:13,380 converting Fiat currencies like the dollar to crypto. 723 00:38:13,380 --> 00:38:15,220 A big hurl to bring on the next 100 million users. 724 00:38:15,220 --> 00:38:16,660 We're seeing a lot of traditional investors 725 00:38:16,900 --> 00:38:19,850 institutions. That used to provide Fiat ranch 726 00:38:19,850 --> 00:38:22,810 house pull away. This is basically what we said 727 00:38:23,170 --> 00:38:25,770 two days ago. It's very, very clear that they 728 00:38:25,770 --> 00:38:28,970 are being choked through the trap fight channels that they 729 00:38:29,130 --> 00:38:33,490 can use to get money in and out of finance and finances. 730 00:38:33,650 --> 00:38:35,890 Market share continues to plummet like it went. 731 00:38:35,890 --> 00:38:39,410 It's gone from 60% of the whole market to now 40% and it looks 732 00:38:39,410 --> 00:38:42,890 like it's down only at the moment, do you think? 733 00:38:43,610 --> 00:38:46,010 Do you think we will get another 100 million uses into crypto? 734 00:38:46,130 --> 00:38:48,330 Are there even like 1000 people here at the moment? 735 00:38:48,330 --> 00:38:51,210 Like 100 million seems like a pretty high figure to be going 736 00:38:51,210 --> 00:38:53,330 for next, but I think it's something that he was talking 737 00:38:53,330 --> 00:38:56,090 about during the bull market. Do you think do you think it 738 00:38:56,090 --> 00:38:59,130 will that is a general problem for the for the industry or just 739 00:38:59,130 --> 00:39:07,890 a problem for buy Nets? It's just a market cycle thing 740 00:39:07,890 --> 00:39:10,050 isn't it? I think more than being an 741 00:39:10,050 --> 00:39:11,570 industry problem or a buy net problem. 742 00:39:13,380 --> 00:39:15,940 Yeah I don't, I think it's I think it's just a balance 743 00:39:15,940 --> 00:39:19,820 problem but I think I think there are it's more difficult to 744 00:39:19,820 --> 00:39:25,180 do fear on off ramps but like we've just said BlackRock coming 745 00:39:25,180 --> 00:39:28,540 in bunch of different massive money managers are coming in. 746 00:39:29,180 --> 00:39:32,020 I don't see an issue in on boarding 100 million people, 747 00:39:32,020 --> 00:39:36,260 just perhaps not too centralized exchanges in the way that they 748 00:39:36,260 --> 00:39:37,820 have been. And to be honest, the market's 749 00:39:37,820 --> 00:39:40,940 history of centralized exchanges is pretty fucking terrible so. 750 00:39:41,450 --> 00:39:44,130 I'm not really that worried about 100 million users not 751 00:39:44,370 --> 00:39:46,810 joining crypto via centralized exchanges. 752 00:39:47,610 --> 00:39:51,330 I think it's it's kind of a bit of misdirection there from CZ to 753 00:39:51,330 --> 00:39:53,450 make a generalization that that is going to be a problem for 754 00:39:53,490 --> 00:39:58,170 everyone is the calendar just drop off because this final 755 00:39:58,170 --> 00:40:00,690 story was to be like his big one. 756 00:40:01,290 --> 00:40:04,130 Where? Did you go Cass? 757 00:40:05,250 --> 00:40:07,770 The Wi-Fi in our area has been super patchy. 758 00:40:07,770 --> 00:40:10,570 I think there was a. Big like water leak and now it's 759 00:40:10,570 --> 00:40:13,290 run through all the utilities and then drilling and stuff like 760 00:40:13,290 --> 00:40:14,610 this. It was out for a bit yesterday 761 00:40:14,610 --> 00:40:16,730 and it was out. Keeps going back today. 762 00:40:17,570 --> 00:40:19,730 Well, this is the this is the big story, the final story that 763 00:40:19,730 --> 00:40:24,290 we'll end on which is alien corpses shown to Congress that 764 00:40:24,290 --> 00:40:30,090 this is in Mexico as USUFO expert forced to not to testify 765 00:40:30,170 --> 00:40:34,170 under oath. What do you think of this? 766 00:40:34,450 --> 00:40:39,070 They look kind of like the the. They kind of look fake, let's be 767 00:40:39,070 --> 00:40:41,830 honest. Like they if I was to picture 768 00:40:42,150 --> 00:40:45,110 right we're alien folks with my mates. 769 00:40:45,350 --> 00:40:47,470 This is, this is what I would go with. 770 00:40:48,390 --> 00:40:51,790 And they've been revealed. They they're apparently 1000 771 00:40:51,790 --> 00:40:53,950 years old. I mean, look at those. 772 00:40:55,510 --> 00:40:58,110 Dragons. What do you think of this? 773 00:40:59,190 --> 00:41:01,870 The first thing which is great is why are they not in like an 774 00:41:01,910 --> 00:41:07,980 airtight like moisturizing like? Case right rather than a coffin 775 00:41:07,980 --> 00:41:12,140 with silk lining? Seems odd like. 776 00:41:12,740 --> 00:41:18,180 Anyway, The thing is, I think people have the the relationship 777 00:41:18,180 --> 00:41:20,420 between everyone says like, oh what a coincidence it looks 778 00:41:20,420 --> 00:41:24,060 like, ETI think people have that relationship the wrong way 779 00:41:24,060 --> 00:41:27,980 around and that like people will have known about this, whispers 780 00:41:27,980 --> 00:41:30,340 will have got out and like Hollywood will have made aliens 781 00:41:30,340 --> 00:41:32,980 based on these things if they are real. 782 00:41:33,420 --> 00:41:34,380 You're in that. You're in that. 783 00:41:35,620 --> 00:41:37,140 Okay, but I don't know if they are real. 784 00:41:37,140 --> 00:41:44,260 But they why not I think. Apparently, I'm sure. 40% human 785 00:41:44,780 --> 00:41:49,300 According to this, the event was spearheaded by journalists not 786 00:41:49,300 --> 00:41:55,100 looking great, who claimed under oath okay that a mummified 787 00:41:55,100 --> 00:41:58,380 specimens are not part of our terrestrial evolution, with 788 00:41:58,380 --> 00:42:01,540 almost a third of their DNA remaining unknown, reported 789 00:42:01,540 --> 00:42:04,550 Mexican media. That's huge because, like 790 00:42:04,590 --> 00:42:06,430 humans, I can't remember what the number. 791 00:42:06,430 --> 00:42:08,430 Is but by a journalist, right? Yeah. 792 00:42:08,430 --> 00:42:11,670 But humans share like 97% DNA with bananas, right? 793 00:42:11,670 --> 00:42:16,630 So like 60% share is very low, right? 794 00:42:17,190 --> 00:42:20,510 So people have said this could be just a collection of animal 795 00:42:20,510 --> 00:42:23,030 parts which have been put together and done as a hoax. 796 00:42:23,030 --> 00:42:26,150 Apparently that's been done a few times as other as other ways 797 00:42:26,830 --> 00:42:31,280 to to fake this sort of stuff. I'm not a UFO expert. 798 00:42:31,560 --> 00:42:34,760 These do not. I believe that we are not alone, 799 00:42:35,080 --> 00:42:38,920 but I do not believe that This Is Us finding aliens. 800 00:42:39,680 --> 00:42:41,920 What do you reckon, OSF? Aliens or not aliens. 801 00:42:42,520 --> 00:42:44,280 I think they are aliens. I think he. 802 00:42:46,000 --> 00:42:48,520 Just loves the conspiracy. That's true, I mean. 803 00:42:49,000 --> 00:42:50,640 Is it just? Yeah, 100%. 804 00:42:51,160 --> 00:42:53,960 What do you think the chances are that we have this idea of 805 00:42:53,960 --> 00:42:56,360 like, what aliens look like? And then when you get the 806 00:42:56,360 --> 00:42:58,680 closest thing to actual, this is what I. 807 00:42:58,960 --> 00:43:01,470 Just said image of aliens. They look like what we thought, 808 00:43:01,590 --> 00:43:04,870 what has been in like mainstream media for a while, like I think, 809 00:43:04,870 --> 00:43:06,270 but that's. Because people will have known 810 00:43:06,270 --> 00:43:09,390 about these corpses for ages, they will like exactly the other 811 00:43:09,390 --> 00:43:10,990 way around. Exactly. 812 00:43:11,070 --> 00:43:12,470 Yeah, that's what I'm saying. Like. 813 00:43:12,790 --> 00:43:16,270 You had like, you're just believing everything together, 814 00:43:16,270 --> 00:43:17,710 agreeing on literally everything. 815 00:43:17,750 --> 00:43:21,870 And then it I think it's true. And if you think about like the 816 00:43:21,870 --> 00:43:25,760 Roswell incident and how that was all covered up many, many 817 00:43:25,760 --> 00:43:28,880 years ago, like I think there's been clear sightings of aliens 818 00:43:28,880 --> 00:43:31,640 and in the past and every time someone tries to raise it, they 819 00:43:31,640 --> 00:43:35,040 just get like shut down. But enough people know about it 820 00:43:35,920 --> 00:43:38,440 such that we've had that idea that's built of what they look 821 00:43:38,440 --> 00:43:40,120 like, etc. And this is the closest, you 822 00:43:40,120 --> 00:43:41,800 know, all this information I think is going to start to come 823 00:43:41,800 --> 00:43:42,440 out now. It's very clear. 824 00:43:42,440 --> 00:43:44,400 It's all start to come out. This is one of the closest 825 00:43:44,400 --> 00:43:46,760 things we've seen to it, like being pretty legit. 826 00:43:46,760 --> 00:43:49,080 And yeah, lo and behold, they look the same as what we thought 827 00:43:49,080 --> 00:43:52,320 they look like, like slightly big heads, like smaller bodies. 828 00:43:52,320 --> 00:43:56,320 So I think. Lo and behold, yeah, I think 829 00:43:56,320 --> 00:43:58,000 this is for me, it's more proof that they exist. 830 00:43:58,520 --> 00:44:01,120 I'm not sure I would. Sure, I would sure. 831 00:44:01,120 --> 00:44:03,280 The Mexican place, because they're probably doing this to 832 00:44:03,280 --> 00:44:07,800 deflect like attention away from the fact that something really 833 00:44:07,800 --> 00:44:10,240 bad is about to come out about the Mexican government like 834 00:44:10,240 --> 00:44:11,640 corruption or something like that. 835 00:44:12,360 --> 00:44:14,240 That's the. I saw that, yeah, I saw that, 836 00:44:14,240 --> 00:44:15,320 like. Traditionally they that. 837 00:44:16,080 --> 00:44:18,920 Events ahead of something for Rick happening so. 838 00:44:19,640 --> 00:44:21,120 That's the same in the US as well. 839 00:44:21,120 --> 00:44:24,920 Too far. And the other thing was. 840 00:44:25,560 --> 00:44:29,200 Bullish or Baish or crypto is saying for aliens, I think it's 841 00:44:29,200 --> 00:44:31,120 bullish crypto. Everything's bullish for 842 00:44:31,120 --> 00:44:32,880 Bitcoin. OK, cool. 843 00:44:32,960 --> 00:44:35,720 Can we fix? This Bitcoin fixes this. 844 00:44:35,720 --> 00:44:37,680 They can't steal your money in Bitcoin. 845 00:44:39,000 --> 00:44:42,320 The aliens can't take your money if it's in Bitcoin, Exactly. 846 00:44:43,380 --> 00:44:46,060 It feels as though the tone of the show is significantly 847 00:44:46,060 --> 00:44:49,380 deteriorated over the last few days, but it's a good ending. 848 00:44:49,380 --> 00:44:51,700 Point. How? 849 00:44:53,060 --> 00:44:56,420 Poor cows. Actually, you're the one who 850 00:44:56,420 --> 00:45:04,500 returned cows. It's basically whatever 851 00:45:04,500 --> 00:45:06,140 conspiracy theory gets brought up. 852 00:45:06,140 --> 00:45:08,580 You and Cali both dives. Head first into it. 853 00:45:09,540 --> 00:45:12,040 They've all been through. All conspiracy theories have 854 00:45:12,040 --> 00:45:15,240 turned out to be true in the like in the past two or three 855 00:45:15,800 --> 00:45:16,720 years. They're always true. 856 00:45:16,720 --> 00:45:19,520 They'll never get debunked. No smoke without fire, yeah. 857 00:45:20,800 --> 00:45:22,520 No smoke without fire. That's really the new name of 858 00:45:22,520 --> 00:45:24,640 this chat. No smoke without fire. 859 00:45:25,290 --> 00:45:27,530 OK, we will. We will be back in tomorrow with 860 00:45:27,530 --> 00:45:31,970 the top five things across crypto and T's macro general. 861 00:45:31,970 --> 00:45:35,170 Whatever the stuff that we thought was fun, We are 862 00:45:35,530 --> 00:45:40,130 sponsored by Kraken and FT They are the new exchange making big 863 00:45:40,130 --> 00:45:44,410 moves into crypto. Check them out at kraken.com/rug 864 00:45:44,410 --> 00:45:46,930 Radio. Tomorrow will be the final show 865 00:45:47,450 --> 00:45:51,730 of the Mando takeover next week for we'll be back, I think. 866 00:45:52,180 --> 00:45:54,660 Actually, he may away for another week, right? 867 00:45:54,660 --> 00:45:57,060 I know he's going across Europe, so we'll find out. 868 00:45:57,900 --> 00:46:01,340 So maybe another week of us three, maybe it'll be US four 869 00:46:01,340 --> 00:46:03,180 next week. Cals can come back on. 870 00:46:04,060 --> 00:46:06,620 But thank you for joining us and we will see you again tomorrow.