1 00:00:00,040 --> 00:00:01,640 Yo-yo, what up? What up? 2 00:00:01,640 --> 00:00:04,480 Good morning. Good morning, GMG. 3 00:00:08,360 --> 00:00:13,240 What day is it? It's Tuesday, Feb. 4 00:00:13,440 --> 00:00:14,880 March. It's March. 5 00:00:14,920 --> 00:00:15,800 The hell. February. 6 00:00:15,920 --> 00:00:20,080 Get out of here. March 18th. 2020. 7 00:00:20,400 --> 00:00:23,640 Five, look at that, another beautiful day to have a 8 00:00:23,640 --> 00:00:27,560 beautiful day. I got my Co host in the house, 9 00:00:28,440 --> 00:00:31,840 Tyler Maddow. Mandos, burritos. 10 00:00:32,000 --> 00:00:34,640 It's a nice thing. We should open a burrito spot in 11 00:00:34,640 --> 00:00:36,880 in Portugal. I. 12 00:00:38,160 --> 00:00:41,200 I just want I asked you yesterday for fucking realtor 13 00:00:41,200 --> 00:00:44,840 number and you ignored my texts. So bro, you've asked me the same 14 00:00:44,840 --> 00:00:47,560 question every month for about the last 15. 15 00:00:47,560 --> 00:00:50,080 Months connected me. Come back with something and 16 00:00:50,080 --> 00:00:52,400 then it's like, Oh yeah, no, no, it's gonna be another month. 17 00:00:52,760 --> 00:00:55,880 I asked you for you want me to share my screen on WhatsApp 18 00:00:55,920 --> 00:00:57,880 right now dude. It's every month. 19 00:00:58,080 --> 00:01:03,000 My last text to Mendo says Do you have a realtor for Lisbon? 20 00:01:03,640 --> 00:01:07,520 Dude, I remember sending you about 12 months ago, no 20 21 00:01:07,520 --> 00:01:09,760 different apartments which I thought you could look at. 22 00:01:10,000 --> 00:01:11,760 I don't want to look at like apartment websites. 23 00:01:11,760 --> 00:01:15,640 I want a realtor to like plan a tour for me, take me through all 24 00:01:15,640 --> 00:01:17,400 the different. Areas of there we go. 25 00:01:18,000 --> 00:01:20,400 I want to be catered to. You know, when you come out 26 00:01:20,400 --> 00:01:23,480 here, you're not just like Portugal's, not like fully 27 00:01:23,480 --> 00:01:25,360 filled third world. You don't just come out here 28 00:01:25,360 --> 00:01:27,440 with like $5 and you're like the king. 29 00:01:27,440 --> 00:01:29,880 You know, you're just like showing around places because 30 00:01:29,880 --> 00:01:31,560 you have like a little bit of money. 31 00:01:31,680 --> 00:01:34,440 Hold on, hold on. I want a realtor to drive me 32 00:01:34,440 --> 00:01:36,920 from place to place. I've got a little bit of money 33 00:01:36,920 --> 00:01:39,320 to spend. I can spend up to 5000 a month 34 00:01:39,320 --> 00:01:43,120 on on rent. Is that a lot in Portugal? 35 00:01:43,120 --> 00:01:44,520 I feel like it's like. No, it's not. 36 00:01:44,640 --> 00:01:46,800 That's the point. I feel like you can get a castle 37 00:01:46,800 --> 00:01:48,680 in Portugal for 5-10 months, you know? 38 00:01:49,280 --> 00:01:52,600 Not in Lisbon anymore, man. I feel like I'll be able to buy 39 00:01:52,600 --> 00:01:55,640 like, like, like, like like a third of the city or something, 40 00:01:55,640 --> 00:01:58,560 you know? We're set up in Madeira, Cali 41 00:01:58,560 --> 00:02:00,760 sort the sort the same thing. When we went out to Madeira the 42 00:02:00,760 --> 00:02:03,560 first time, he was like expecting to go out there and 43 00:02:03,560 --> 00:02:06,480 just like be able to like own Fenchao, and we've got other and 44 00:02:06,480 --> 00:02:12,360 Fenchao's like a proper city. That the Cali's different Cali 45 00:02:12,360 --> 00:02:14,120 Cali even thinks Canada's third world country. 46 00:02:14,120 --> 00:02:16,680 So that's that's all the conversation. 47 00:02:16,720 --> 00:02:20,600 But I did ask you for realtor number because I do have one for 48 00:02:20,600 --> 00:02:25,440 other areas of of around Portugal so. 49 00:02:25,680 --> 00:02:29,760 I know one realtor. And yeah, we'll figure out the 50 00:02:29,760 --> 00:02:31,200 background. Of that realtor is pretty funny 51 00:02:31,200 --> 00:02:34,040 actually. Is he like a crypto scammer? 52 00:02:34,520 --> 00:02:35,960 It's a she. Oh, it's. 53 00:02:36,000 --> 00:02:37,520 A She probably. Used to work. 54 00:02:37,520 --> 00:02:40,720 She used to work with me when I used to be in banking. 55 00:02:40,800 --> 00:02:42,800 She used to work nice. Awesome. 56 00:02:42,800 --> 00:02:46,640 And then she quit. She's a quad and I, I hadn't 57 00:02:46,640 --> 00:02:49,200 heard about her for a long time. And then I was out. 58 00:02:49,200 --> 00:02:53,000 Where was, I was out for dinner maybe or No, I was actually on a 59 00:02:53,000 --> 00:02:55,320 flight back to London and she was just on the same flight as 60 00:02:55,320 --> 00:02:58,720 me. And she was like, oh, it's been 61 00:02:58,720 --> 00:03:00,400 great. Like, I didn't know you were in 62 00:03:00,400 --> 00:03:01,600 Lisbon. Like, yeah, I'm Lisbon. 63 00:03:02,400 --> 00:03:07,000 And turned out that she had pivoted to doing high end sex 64 00:03:07,000 --> 00:03:09,360 parties in Lisbon. Yeah. 65 00:03:09,360 --> 00:03:12,720 Excuse me? Yeah, she like organized them 66 00:03:13,240 --> 00:03:15,440 and she was like, oh, you and your wife would love them. 67 00:03:15,440 --> 00:03:17,520 And I was like. What? 68 00:03:18,840 --> 00:03:23,040 Anyway, she texted me about a few months ago and was like yo, 69 00:03:23,040 --> 00:03:26,080 I've actually pivoted now to being a high end real estate 70 00:03:26,080 --> 00:03:29,120 agent in Lisbon. Oh yeah, there's a lot of those 71 00:03:29,120 --> 00:03:31,200 in Dubai. That's the natural progression, 72 00:03:31,240 --> 00:03:32,840 yeah. They're real estate agent. 73 00:03:32,880 --> 00:03:36,120 She texted me and she was like, if you ever want to buy a house, 74 00:03:36,120 --> 00:03:38,480 like let me know you know somebody so I can hook. 75 00:03:38,560 --> 00:03:40,360 I can hook you and Vanessa up with a I'm. 76 00:03:41,040 --> 00:03:43,760 Good, I'm good. I'll, we're we're fine. 77 00:03:43,880 --> 00:03:45,480 We're, we're not really into that. 78 00:03:45,520 --> 00:03:49,480 You know, I'm going to have to play the replay of being on the 79 00:03:49,480 --> 00:03:50,800 show for Vanessa to hear that one. 80 00:03:51,680 --> 00:03:53,880 But yeah, we're we're not. Sending a photo first that you 81 00:03:53,880 --> 00:03:58,800 can decide, all right. This guy's about to connect me 82 00:03:58,800 --> 00:04:02,360 to like the Glenn Maxwell of a Maxwell of fucking Portugal, 83 00:04:02,360 --> 00:04:03,280 dude. I'm not trying to get I'll. 84 00:04:03,440 --> 00:04:05,400 Send you a photo first, then you can decide. 85 00:04:06,400 --> 00:04:10,280 The natural progression to go from banking at Barclays. 86 00:04:10,280 --> 00:04:12,400 Wherever the fuck you were before, I believe you were at 87 00:04:12,400 --> 00:04:14,720 Barclays or Goldman Sachs. Some shit. 88 00:04:15,160 --> 00:04:18,880 She was at Goldman, yeah. Goldman Sachs to high end sex 89 00:04:18,880 --> 00:04:20,920 parties in Lisbon, which that does make sense because that 90 00:04:20,920 --> 00:04:22,760 does cater to the Goldman Sachs crowd. 91 00:04:23,000 --> 00:04:26,720 She said she spent a year in Ibiza and then and then she is 92 00:04:26,760 --> 00:04:29,000 like her. She is Portuguese, her surname 93 00:04:29,000 --> 00:04:30,320 is Portuguese. I didn't realize. 94 00:04:30,320 --> 00:04:35,040 That obligado and so to high end sex parties in in Portugal to 95 00:04:35,040 --> 00:04:38,440 then in real estate. I mean, look in Dubai, you know, 96 00:04:38,440 --> 00:04:41,760 they all double up, you know the escort, the nighttime real 97 00:04:41,760 --> 00:04:43,880 estate Jane during the daytime. So I. 98 00:04:44,440 --> 00:04:46,640 It's kind of, I think that's what this show could kind of 99 00:04:46,840 --> 00:04:49,160 turn into, if I'm honest. Just like let's let's give 100 00:04:49,160 --> 00:04:52,240 crypto people another option to show you how your life can 101 00:04:52,240 --> 00:04:53,600 change. You know, like. 102 00:04:54,040 --> 00:04:56,360 We are giving sex. Parties in Lisbon if you want. 103 00:04:56,360 --> 00:04:59,760 To if you're in crypto, pivot to sex throwing sex parties in 104 00:04:59,760 --> 00:05:01,360 Lisbon. You heard in here first. 105 00:05:02,360 --> 00:05:04,400 You know the American dream over here. 106 00:05:04,400 --> 00:05:07,960 You can do whatever you want. Tyler, what the fuck are you 107 00:05:07,960 --> 00:05:09,680 doing buying another house in Chicago? 108 00:05:09,680 --> 00:05:12,440 I mean, you pivot to pivot to Lisbon. 109 00:05:12,680 --> 00:05:16,080 I haven't I haven't penetrated that the high end sex party 110 00:05:16,080 --> 00:05:19,920 game. Interesting use of words there. 111 00:05:22,200 --> 00:05:26,760 Oh my God, but. Brooke, I don't believe that 112 00:05:26,760 --> 00:05:28,240 you're moving to Portugal. I actually thought you were 113 00:05:28,240 --> 00:05:30,960 going to move last summer and now it's March. 114 00:05:31,280 --> 00:05:34,200 Every time I'm trying to move, there's a bear market and I'm 115 00:05:34,200 --> 00:05:36,800 poor. Trust me, one, one trip with 116 00:05:36,800 --> 00:05:38,920 Kelly. Maybe he'll move. 117 00:05:39,160 --> 00:05:39,840 Maybe he'll move. Oh. 118 00:05:39,840 --> 00:05:42,160 Her name is Kelly. God damn it. 119 00:05:42,680 --> 00:05:45,280 Oh, God, you. That's the sort of name that 120 00:05:45,280 --> 00:05:46,160 gets me in trouble. Oh. 121 00:05:46,320 --> 00:05:49,520 The DMS are coming in asking for her number already so it's. 122 00:05:50,920 --> 00:05:52,880 Not the right time. Did you guys see the Solana ad 123 00:05:52,880 --> 00:05:55,320 last night? Didn't you guys see the Solana 124 00:05:55,320 --> 00:05:57,400 advertisement yesterday? And you guys are starting to 125 00:05:57,400 --> 00:06:01,320 sell like this today? Look at this moving, moving to 126 00:06:01,320 --> 00:06:08,920 list the comments, man. Listen, listen, I'm even 127 00:06:08,920 --> 00:06:11,040 supposed to follow this up. This is great. 128 00:06:11,040 --> 00:06:14,520 I am this at least I'm coming. I'm going to, you know, I'm 129 00:06:14,520 --> 00:06:16,080 going to come. I'm coming next month. 130 00:06:16,080 --> 00:06:17,560 I'm going to whoop your ass, Mando for that. 131 00:06:17,560 --> 00:06:21,600 Yeah, I already have my ticket. I'm coming on the 11th to the 132 00:06:21,600 --> 00:06:23,800 26th. OK, nice. 133 00:06:24,280 --> 00:06:27,560 Yeah, I'm coming for coming for two weeks to figure I'm going 134 00:06:27,560 --> 00:06:29,320 there. I'm tired of figuring out from a 135 00:06:29,320 --> 00:06:32,440 distance, I'm going to go there boots on the ground. 136 00:06:32,440 --> 00:06:33,840 Am I going to figure the fuck out? 137 00:06:34,360 --> 00:06:36,280 Because we're also looking for commercial real estate because 138 00:06:36,280 --> 00:06:38,480 we're going to. We're moving like. 139 00:06:39,600 --> 00:06:41,880 Everyone. Like 15 people team out there. 140 00:06:42,760 --> 00:06:45,920 15/16/18 Tyler, you're going to be able to take vacations with 141 00:06:45,920 --> 00:06:49,480 Tyler dated household to Lisbon and come hanging out, hanging 142 00:06:49,480 --> 00:06:50,720 out of the office. You're going to have an office 143 00:06:50,720 --> 00:06:53,080 there. So we're we're going to build 144 00:06:53,080 --> 00:06:54,520 offices for everyone. I mean, we do have a team, 145 00:06:54,520 --> 00:06:56,680 right? The whole the whole Myriad 146 00:06:56,680 --> 00:06:59,920 Markets team is based out of out of Lisbon so it's an office of 147 00:06:59,920 --> 00:07:02,520 like 10 people already. So anyways. 148 00:07:03,200 --> 00:07:07,880 Anyways, DM Mendo if you're interested in a high end sex 149 00:07:07,880 --> 00:07:08,960 party. Real estate. 150 00:07:09,280 --> 00:07:11,960 I can get you sorted, you know. He's got you, bro. 151 00:07:11,960 --> 00:07:14,400 He's got you. He's got you. 152 00:07:14,400 --> 00:07:19,400 Anyways, today on the show today, today markets, news and 153 00:07:19,400 --> 00:07:20,880 pronouns. That's the topic. 154 00:07:20,880 --> 00:07:25,280 Today Daily market report with Mendo, followed by Tyler's top 155 00:07:25,280 --> 00:07:28,120 100, followed by our guests. Couldn't make it last week, 156 00:07:28,800 --> 00:07:31,320 daylight savings kind of fucked up the timing there, but we're 157 00:07:31,320 --> 00:07:33,160 back. So he's going to be joining us. 158 00:07:33,920 --> 00:07:35,760 He's going to be joining us today. 159 00:07:35,760 --> 00:07:39,720 Ionet today's show partner. And then we have a real bit loot 160 00:07:39,720 --> 00:07:41,440 box spin. I was just setting up the spins. 161 00:07:41,440 --> 00:07:44,480 These punks are getting very cheap, not going to lie. 162 00:07:44,760 --> 00:07:48,760 So they're nice. 5% chance, five whole percent chance to win a 163 00:07:48,760 --> 00:07:50,520 crippled punks it on the show. That's big, dude. 164 00:07:50,880 --> 00:07:52,320 That's big. Were you there, man? 165 00:07:52,320 --> 00:07:55,960 Only we hit a punk on the show. I wasn't there, yeah. 166 00:07:56,160 --> 00:07:58,760 The day I went to the White House on the Friday right before 167 00:07:58,760 --> 00:08:02,000 going, we hit a punk. It was insane. 3rd Punk. 168 00:08:02,440 --> 00:08:04,240 It was it was insane. Yeah, we hit a punk. 169 00:08:04,240 --> 00:08:06,280 We, we, we retired someone from the trenches. 170 00:08:06,280 --> 00:08:08,560 It was nice. And then last but not least, 171 00:08:08,560 --> 00:08:11,640 this was powered by Galaxies Galaxy Web 3 platform empowering 172 00:08:11,640 --> 00:08:14,200 creators and brands to build unstoppable communities with 173 00:08:14,200 --> 00:08:16,960 full ownership and independence trusted by icons like Donald 174 00:08:16,960 --> 00:08:19,560 Trump, Steve Aoki, Mike Tyson and the NBA, shaping together 175 00:08:19,560 --> 00:08:22,160 the future of engagement, but also wallet connect. 176 00:08:22,160 --> 00:08:24,120 Wallet connect is the connectivity network shaping the 177 00:08:24,120 --> 00:08:28,240 future of on 10 UX. If it's connected to Web 3 app, 178 00:08:28,240 --> 00:08:30,720 you've seen wallet connect that blue logo, it's everywhere. 179 00:08:30,720 --> 00:08:33,080 An icon of trust in crypto as recognizable as visas. 180 00:08:33,080 --> 00:08:36,120 Check out want to learn more? Follow wallet connect on X and 181 00:08:36,120 --> 00:08:39,120 Telegram to stay ahead of what's next. 182 00:08:39,120 --> 00:08:43,480 Mando, you tell me what's next, if I can remember where you're 183 00:08:43,480 --> 00:08:44,159 taking. There you go. 184 00:08:47,840 --> 00:08:50,440 Who is the man? That GoDaddy of the man. 185 00:08:54,280 --> 00:08:56,480 Can you dig it? GM, everyone. 186 00:08:56,600 --> 00:09:00,440 So we did have a a slightly better day in macro yesterday. 187 00:09:00,920 --> 00:09:03,880 We had a bit more of a bounce across the board for stocks. 188 00:09:04,320 --> 00:09:07,520 We'd said everything slightly oversold and we did see a bit of 189 00:09:07,520 --> 00:09:10,880 that bounce today. Stocks are lower and and a 190 00:09:10,880 --> 00:09:15,440 decent amount lower. The Nasdaq's down another 2%. 191 00:09:15,440 --> 00:09:18,720 S&P is down 1%. Definitely looks like we're 192 00:09:18,800 --> 00:09:21,640 we're retesting if we're going to keep on heading lower. 193 00:09:22,000 --> 00:09:24,040 We've already said this week is going to be very, very big. 194 00:09:24,040 --> 00:09:29,400 So tomorrow we have the Fed, which is going to be and we have 195 00:09:29,400 --> 00:09:32,280 the Bank of Japan and we have the Bank of England. 196 00:09:34,720 --> 00:09:36,640 So right now, I think we've already spoken about this. 197 00:09:36,640 --> 00:09:39,080 But like globally what we're seeing is China's stocks 198 00:09:39,080 --> 00:09:44,240 continues to do really well. U.S. stocks do very things do 199 00:09:44,240 --> 00:09:48,120 pretty badly. And in terms of like overall 200 00:09:48,120 --> 00:09:52,920 risks out there, I guess the tax sell off, like everyone's 201 00:09:52,920 --> 00:09:56,760 getting very bullish on AI in China and what that and the, and 202 00:09:56,760 --> 00:10:01,480 the impact that could have on on USAI And that's been driving 203 00:10:01,480 --> 00:10:03,680 some of the like the out performance of Chinese stocks. 204 00:10:04,240 --> 00:10:07,200 And then there's a little bit of worry about what's been going on 205 00:10:07,200 --> 00:10:11,200 in why the Bank of Japan meeting tomorrow is important. 206 00:10:11,920 --> 00:10:16,520 Bond yields are hitting the highs since 2006 now, so nearly 207 00:10:16,520 --> 00:10:19,840 20 years. And we've already spoken about 208 00:10:19,840 --> 00:10:22,040 how like Japan has a lot of debt. 209 00:10:22,040 --> 00:10:23,440 So if that happens, it can spiral. 210 00:10:23,440 --> 00:10:27,040 They're going to have to raise interest rates to tomorrow, it 211 00:10:27,040 --> 00:10:32,360 seems like, or likely to talk about future interest rate rises 212 00:10:32,360 --> 00:10:34,120 too. So that's causing the main 213 00:10:34,120 --> 00:10:39,520 amount of worry away from like US tech stocks and and that's 214 00:10:39,520 --> 00:10:44,120 yeah, that that seems to be dragged crypto lower again 215 00:10:44,120 --> 00:10:47,400 today. Not crazy like, you know, 216 00:10:47,400 --> 00:10:52,680 bitcoins AT81K, but kind of goes back to what we were saying 217 00:10:52,680 --> 00:10:55,200 yesterday. So like I'd just be really wary 218 00:10:55,680 --> 00:10:59,760 thinking that we are going who've like run out of this 219 00:10:59,760 --> 00:11:01,360 soon. It just feels like a sort of 220 00:11:01,360 --> 00:11:06,120 period where you're going to get chopped horrifically even on 221 00:11:06,120 --> 00:11:11,800 Bitcoin. So yeah, this just feel periods 222 00:11:11,800 --> 00:11:14,560 where honestly we could be talking in July and the price 223 00:11:14,560 --> 00:11:16,800 could be exactly the same. I said that today in like one of 224 00:11:16,800 --> 00:11:19,560 our internal group chats. It's like, I just think, I just 225 00:11:19,560 --> 00:11:23,680 think that you're going to do stuff a lot of damage almost by 226 00:11:23,680 --> 00:11:26,280 FOMO ING or freaking out. I don't think we're going that 227 00:11:26,280 --> 00:11:28,160 much lower. I don't think we're going to go 228 00:11:28,160 --> 00:11:31,080 a decent amount higher though. I'd be very unsurprised if we 229 00:11:31,080 --> 00:11:36,240 like touch 75K or maybe 73 K and we also touch 91K from now until 230 00:11:36,240 --> 00:11:38,480 July and then we just kind of end up where we are. 231 00:11:38,480 --> 00:11:45,200 So in terms of like maybe catalysts, it's only really 232 00:11:45,200 --> 00:11:48,680 macro on the on like the horizon right now. 233 00:11:49,840 --> 00:11:52,280 We are looking like I said for some more stable coin revelation 234 00:11:53,880 --> 00:11:56,040 through. There was some like a vote on 235 00:11:56,040 --> 00:11:58,160 the in the Senate, which is coming up. 236 00:11:58,760 --> 00:12:02,280 But yeah, not much from from like a political standpoint 237 00:12:02,280 --> 00:12:05,640 that's going to push us, push us through. 238 00:12:06,360 --> 00:12:09,520 There's there's like varying technical indicators right now 239 00:12:09,680 --> 00:12:14,640 about like notably the founder of Crypto Quant put out a tweet 240 00:12:15,680 --> 00:12:19,600 yesterday which I put in our group chat for the. 241 00:12:20,920 --> 00:12:23,760 LARP well. Yeah, he's the founder of Crypto 242 00:12:23,760 --> 00:12:26,600 Concert and if he's LARP or not, but he. 243 00:12:26,800 --> 00:12:30,560 Yeah, sorry, he did. I mean, because you sent us the 244 00:12:30,560 --> 00:12:32,360 two where he called the bear market. 245 00:12:32,360 --> 00:12:34,280 But yeah, I. Mean three weeks ago he was 246 00:12:34,280 --> 00:12:36,480 like, you're an idiot if you don't buy. 247 00:12:36,480 --> 00:12:38,560 I didn't. Mean to call the founder of 248 00:12:38,560 --> 00:12:40,600 Crypto Coral LARP? I'm just saying what you just 249 00:12:40,600 --> 00:12:41,000 said. Yeah, yeah. 250 00:12:43,040 --> 00:12:47,160 Let me, let me get up. I got, I got the three. 251 00:12:47,160 --> 00:12:49,080 I got you here. Ki. 252 00:12:49,080 --> 00:12:51,360 Jung Yu, Right. Ki Ki Young Ju. 253 00:12:51,360 --> 00:12:51,880 Yeah. There you go. 254 00:12:52,600 --> 00:12:56,000 Bull Bitcoin bull cycle is over expecting 6 to 12 months of 255 00:12:56,000 --> 00:13:02,280 bearish or sideways price action now 3 three weeks ago this same 256 00:13:02,280 --> 00:13:08,160 guy was saying the the dip was healthy buy the dip and that 257 00:13:08,160 --> 00:13:11,720 everyone who was who hadn't bought it yet was a noob. 258 00:13:12,040 --> 00:13:14,760 So I don't know, Crypto quant does post a lot of like 259 00:13:15,120 --> 00:13:16,320 contradictory sort of statements. 260 00:13:16,320 --> 00:13:18,200 We've seen other technical indicators that point to us 261 00:13:18,200 --> 00:13:21,520 being oversold. The correlation with global 262 00:13:21,520 --> 00:13:24,560 liquidity again points to US turning back higher. 263 00:13:24,560 --> 00:13:28,840 But yeah, the, the fact that technical indicate like 264 00:13:28,840 --> 00:13:34,440 technical, technical indicators like this are getting 1.7 265 00:13:34,440 --> 00:13:38,200 million views and 5.4 K likes kind of tells you the market 266 00:13:38,200 --> 00:13:41,560 that we might be back in again. Which is that like a bunch of 267 00:13:41,560 --> 00:13:43,680 technical traders are going to be looking at like lines and be 268 00:13:43,680 --> 00:13:47,120 like, Oh my God, we're going to lose this and go down to like 10 269 00:13:48,080 --> 00:13:50,440 or like we're about to go to 400. 270 00:13:50,800 --> 00:13:52,920 There's going to be a lot of crazy predictions. 271 00:13:52,920 --> 00:13:55,400 And my, my honest view is that we'll probably just, we'll 272 00:13:55,400 --> 00:13:57,680 probably just range in this sort of area. 273 00:13:59,360 --> 00:14:03,720 But yeah, right, that's, that's kind of it in terms of like the 274 00:14:04,320 --> 00:14:08,360 the top down look, if you were to look at all the individual 275 00:14:08,360 --> 00:14:12,480 assets, BNB and Tron interestingly continue to be the 276 00:14:12,480 --> 00:14:17,360 strongest L ones at the moment. BNB is having like CZ continues 277 00:14:17,360 --> 00:14:19,480 to kind of push various things there. 278 00:14:19,480 --> 00:14:23,440 They they announced the finite alpha season 2 of which they're 279 00:14:23,440 --> 00:14:26,800 looking to list a bunch of basically nothing tokens. 280 00:14:26,800 --> 00:14:29,520 One of them was like this token called Mubarak, which I only 281 00:14:29,520 --> 00:14:32,960 assume is to do with Ed, but that went up to 160 million. 282 00:14:33,920 --> 00:14:38,440 There was one called I think it was test or SIP something 283 00:14:38,440 --> 00:14:41,360 similar. What was it called? 284 00:14:41,760 --> 00:14:45,680 TST. No, it was called Tot and they 285 00:14:45,680 --> 00:14:46,920 said they would list bubble maps. 286 00:14:47,200 --> 00:14:51,240 So this finance alpha has like been the again. 287 00:14:51,240 --> 00:14:53,360 It's like becoming the the more important thing for like meme 288 00:14:53,360 --> 00:14:54,640 coins. Solana. 289 00:14:54,720 --> 00:14:56,800 Solana has not had a great 24 hours. 290 00:14:57,400 --> 00:14:59,400 Obviously had this video, which I'm sure we're going to get 291 00:14:59,400 --> 00:15:01,360 into, which was like a backlash, but also. 292 00:15:01,600 --> 00:15:06,880 What video? Volume's going down a lot in 293 00:15:06,880 --> 00:15:09,000 terms of decks and just this mind share sort of stuff. 294 00:15:09,640 --> 00:15:16,160 I saw a wild stat which was that Pump FUN has still made more 295 00:15:16,160 --> 00:15:19,560 revenue than all ETH protocols combined this year. 296 00:15:20,320 --> 00:15:22,320 Yes. So it's still pretty. 297 00:15:22,320 --> 00:15:24,800 Wild how much money they're making, but there's still 298 00:15:24,800 --> 00:15:29,440 250,000 coins created on Solana last week, which is still kind 299 00:15:29,440 --> 00:15:34,000 of a wild stat, but it does feel as if there's not a lot of value 300 00:15:34,000 --> 00:15:37,680 being created, let's say. And I think as Tyler mentioned, 301 00:15:37,960 --> 00:15:41,880 it feels like some of the Solana first narratives, like we spoke 302 00:15:41,880 --> 00:15:46,040 about yesterday, that they're not really winning on the NFT 303 00:15:46,040 --> 00:15:48,160 stuff at the moment. They're not really winning on 304 00:15:48,160 --> 00:15:49,880 the meme coin stuff at the moment. 305 00:15:50,600 --> 00:15:55,080 So you really had them to try and win on like deep in or on 306 00:15:57,480 --> 00:16:03,520 what was the other one or like Defy or AIAI took a big hit 307 00:16:03,720 --> 00:16:07,200 again over the last 24 hours as a like a sector that people are 308 00:16:07,200 --> 00:16:08,880 paying attention to. So you really got to hope that 309 00:16:08,880 --> 00:16:11,600 like Solana hits on deep in or Defy. 310 00:16:12,120 --> 00:16:14,400 And the moment I see a lot of the Defy stuff are happening on 311 00:16:14,400 --> 00:16:19,560 Hype or Sonic or even like Athena, which is now announced, 312 00:16:19,560 --> 00:16:23,560 it's going to do its own chain it feels like. 313 00:16:23,600 --> 00:16:25,560 And all the RWA stuff is happening on Eve. 314 00:16:25,560 --> 00:16:27,000 So. So I think it's a bit of a 315 00:16:27,000 --> 00:16:29,360 challenging time on a fundamental basis for Salana 316 00:16:29,360 --> 00:16:31,880 here. And you can kind of see that, 317 00:16:31,880 --> 00:16:34,160 like the main thing holding up Salana here is that it's down so 318 00:16:34,160 --> 00:16:37,440 much, rather than like people are super bullish on another 319 00:16:37,440 --> 00:16:41,920 narrative. Yeah, not so. 320 00:16:41,920 --> 00:16:43,800 I mean, I don't know. I don't even know what you think 321 00:16:43,800 --> 00:16:46,760 this morning. And forget like just don't look 322 00:16:47,760 --> 00:16:50,560 or just I don't know. The only the only reason why I 323 00:16:50,560 --> 00:16:52,640 look at the prices because the myriad market lines. 324 00:16:53,000 --> 00:16:57,720 So instead of getting liquidated on the way up or down com 325 00:16:57,720 --> 00:17:02,720 predict on myriad markets, it's you know, it's probably more 326 00:17:02,720 --> 00:17:06,400 money to be made than trading. You know, NFA, it's more fun. 327 00:17:06,680 --> 00:17:08,280 It's definitely more fun. At least they don't get 328 00:17:08,280 --> 00:17:10,760 liquidated on prediction. $500,000 of volume I saw. 329 00:17:11,280 --> 00:17:14,560 $500,000 Sir, we had that yesterday and that's just 330 00:17:14,560 --> 00:17:17,119 limited market. So it's pretty good, like after 331 00:17:17,119 --> 00:17:18,920 one full week of predicting. So it's good. 332 00:17:19,640 --> 00:17:20,839 It's good. We're probably going to hit 333 00:17:20,839 --> 00:17:24,160 10,000 active traders in the next 24 to 48 hours as well. 334 00:17:24,280 --> 00:17:28,119 So that's big numbers, which is really, really good. 335 00:17:28,200 --> 00:17:31,520 There's like this crazy A16Z stat that says that like each 336 00:17:31,520 --> 00:17:35,320 trader adds like X amount of like market cap to like your 337 00:17:35,320 --> 00:17:38,040 valuation or something. I should bring it up at some 338 00:17:38,040 --> 00:17:39,360 point. Locks has it, but I was like, 339 00:17:39,360 --> 00:17:42,840 whoa, yeah, 800 traders found $30,000 worth of volume. 340 00:17:42,840 --> 00:17:44,920 So it's good. We're trying to we're pushing 341 00:17:44,920 --> 00:17:47,280 for $1,000,000 weeks now in terms of volume. 342 00:17:47,280 --> 00:17:51,000 So we're going to try and open as many markets as possible, you 343 00:17:51,000 --> 00:17:53,560 know, and sustain that liquidity and then do the whole thing. 344 00:17:53,560 --> 00:17:57,040 So so a lot of fun. Anyways, markets are not looking 345 00:17:57,040 --> 00:18:07,080 great today, boys. 1886 man ETH. There was a wild stat yesterday 346 00:18:07,080 --> 00:18:10,800 and then if you saw this report that came out from. 347 00:18:10,800 --> 00:18:12,480 Standard. Standard Charter. 348 00:18:12,480 --> 00:18:17,360 Chartered who said they because of how much fees base is taking, 349 00:18:17,360 --> 00:18:20,680 they're reducing the the value their price targets for ETH by 350 00:18:20,680 --> 00:18:24,080 60%. Can we talk about how bad L twos 351 00:18:24,080 --> 00:18:26,240 are for Ethereum or is that like not consensus? 352 00:18:26,240 --> 00:18:28,600 Is that still not a consensus thinking? 353 00:18:28,600 --> 00:18:30,200 I think it's. Incredibly consensus. 354 00:18:30,200 --> 00:18:34,040 Thinking it is now OK, The one is for the longest time right? 355 00:18:34,600 --> 00:18:39,480 The, the weirdly thing, like I'm not, I'm not saying by Eve, but 356 00:18:39,480 --> 00:18:44,120 it does feel as though they are starting to steady the ship a 357 00:18:44,120 --> 00:18:46,200 bit more. I, I would say that like, I, I 358 00:18:46,200 --> 00:18:49,760 think I, I see signs that like they are now really going to try 359 00:18:49,760 --> 00:18:52,160 and push for, for some of the changes they need to make it. 360 00:18:53,000 --> 00:18:56,720 But it still feels, unfortunately, with some L1's, 361 00:18:56,720 --> 00:19:02,760 like decentralization is important, but it's also can be 362 00:19:02,760 --> 00:19:06,280 difficult when you're trying to continue to upgrade a network 363 00:19:06,280 --> 00:19:10,960 and, like, do things to it. And it feels as though Ethereum 364 00:19:10,960 --> 00:19:13,560 is slightly too decentralized, at least in its decision making, 365 00:19:16,200 --> 00:19:19,360 that it's been slow to adapt to some things. 366 00:19:21,240 --> 00:19:22,720 Yeah. You know when when he makes a 367 00:19:22,720 --> 00:19:26,400 mistake, it's going to take like five years for it to get fixed. 368 00:19:26,800 --> 00:19:30,560 I mean, for me, and then we talked about this on the show 369 00:19:30,600 --> 00:19:33,120 with Tyler last week a little bit like Ethan will always be 370 00:19:33,120 --> 00:19:35,480 the theorem will always be the better technology and the best 371 00:19:35,480 --> 00:19:37,320 layer to build on. We're building. 372 00:19:37,320 --> 00:19:39,480 Marriott is an Ethereum company. I always joke people like, oh, 373 00:19:39,480 --> 00:19:41,240 Frug's bullish bearish. I'm not dude. 374 00:19:41,240 --> 00:19:46,480 I'm really building my entire my, my, my bag is not my my, my 375 00:19:46,480 --> 00:19:48,120 real livelihood. My real livelihood is this 376 00:19:48,120 --> 00:19:49,640 fucking company. You know what I mean? 377 00:19:49,640 --> 00:19:50,920 And it's being built on Ethereum. 378 00:19:51,480 --> 00:19:53,400 Well, you build on the abstract. That's the. 379 00:19:53,400 --> 00:19:55,320 Key. What we're all talking about 380 00:19:55,320 --> 00:19:57,720 here is that like, everything's been built on the L twos. 381 00:19:58,040 --> 00:20:01,440 Yeah, Base gave, you know. You're right. 382 00:20:02,040 --> 00:20:06,600 A few 10s of thousands of of dollars to eat each month at the 383 00:20:06,600 --> 00:20:09,960 moment. L2's is the most the single 384 00:20:09,960 --> 00:20:12,000 handling like it's, it's, it's hurting if you're more than 385 00:20:12,000 --> 00:20:16,640 Solana has ever earthed hurt Ethereum or any other L1 for the 386 00:20:16,640 --> 00:20:18,720 matter. L2's fight one another. 387 00:20:18,720 --> 00:20:22,080 L2's literally like hate each other, the BDS and the devs and 388 00:20:22,080 --> 00:20:24,320 the things and the that. Yes, it was the first time every 389 00:20:24,320 --> 00:20:26,600 L2 even agreed and that was because of Solana's 390 00:20:26,600 --> 00:20:29,000 advertisement. But we'll we'll get to that. 391 00:20:29,240 --> 00:20:32,520 But L2 is behind the scenes are eating each others lunch, 392 00:20:32,680 --> 00:20:36,080 bidding on teams, trying to post teams for one another. 393 00:20:36,920 --> 00:20:38,720 Trust me. You know, I mean like I see it, 394 00:20:38,960 --> 00:20:41,880 I seen it happen first hand to us, you know. 395 00:20:41,920 --> 00:20:45,360 So it's just like they just, it's the vampire attacking 396 00:20:45,360 --> 00:20:47,360 Etherium. That's what L twos are doing. 397 00:20:47,360 --> 00:20:50,480 And anyone who doesn't think that, then just go hang out with 398 00:20:50,480 --> 00:20:53,040 a couple B DS from different L2 teams and you'll see how they 399 00:20:53,040 --> 00:20:55,120 talk about one another. They definitely don't have the 400 00:20:55,120 --> 00:20:57,920 common good of Ethereum in mind when it comes to that. 401 00:20:57,920 --> 00:21:01,160 That's just my take because I've seen it, but it's Tyler. 402 00:21:02,280 --> 00:21:04,960 What do you think here? What's up with the market? 403 00:21:04,960 --> 00:21:06,360 What are your quants saying, man? 404 00:21:07,760 --> 00:21:11,240 Well, I think for Ethereum, it's still like, to me it's even 405 00:21:11,240 --> 00:21:12,560 simpler. Like, what is the pitch? 406 00:21:13,160 --> 00:21:15,040 Like this has been like kind of what we've been struggling with 407 00:21:15,040 --> 00:21:18,520 for months now. Like if you had to pitch your 408 00:21:18,520 --> 00:21:22,880 friend on, on buying Ethereum here, like what is the message? 409 00:21:23,120 --> 00:21:26,400 And I feel like it's been getting cloudier and, and 410 00:21:26,400 --> 00:21:30,760 murkier and bad price action certainly hasn't helped. 411 00:21:31,840 --> 00:21:36,200 I think the, the folks I'm trading with chatting with have 412 00:21:36,200 --> 00:21:38,200 largely checked out. I think everyone's kind of 413 00:21:38,200 --> 00:21:44,480 resigned to months of job and largely I think we're getting 414 00:21:44,480 --> 00:21:48,440 into indifference and like there are some opportunities that come 415 00:21:48,440 --> 00:21:52,080 up in indifference. Like, I mean, we're seeing like 416 00:21:52,080 --> 00:21:53,600 this like this bubble maps token. 417 00:21:53,600 --> 00:21:55,960 This was a 3X and. Jesus Christ. 418 00:21:56,040 --> 00:22:00,160 Few days like even like I'm not saying memes are back, memes are 419 00:22:00,160 --> 00:22:03,160 far from back, but there have been opportunities in those 420 00:22:03,160 --> 00:22:06,120 streets like everything is a much less crowded trade now. 421 00:22:08,360 --> 00:22:10,800 So I mean, I think you have a couple options you can just 422 00:22:10,800 --> 00:22:13,320 check out till July. And I think checking out from 423 00:22:13,640 --> 00:22:16,440 trading intraday Bitcoin swings makes a whole lot of sense 424 00:22:16,440 --> 00:22:19,880 because it's a good luck and I've tried. 425 00:22:20,360 --> 00:22:24,320 I lost my last myriad bet trying to write Bitcoin on a specific 426 00:22:24,320 --> 00:22:25,960 day. It's not that easy to do. 427 00:22:27,880 --> 00:22:29,960 OK, it's not that easy. I made it sound easier than it 428 00:22:29,960 --> 00:22:34,000 is, but 73% accuracy rate is better than any other anywhere 429 00:22:34,000 --> 00:22:40,640 else in the market right now. Yeah, it's a it's a it's a tough 430 00:22:40,640 --> 00:22:45,000 one, but but we'll see, man. We'll see where the market takes 431 00:22:45,000 --> 00:22:46,280 us. But yeah, everybody I if we've 432 00:22:46,280 --> 00:22:47,800 been talking about this truck forever, you're I think 433 00:22:47,800 --> 00:22:51,080 indifference is the word feel like everybody's just 434 00:22:51,080 --> 00:22:53,840 indifferent this stage, like a lot of people are just giving up 435 00:22:54,320 --> 00:22:57,120 the isn't it worrisome to you guys that we can't liquidate 436 00:22:57,120 --> 00:23:01,480 this whale that's like publicly. He he closed he he made $9 437 00:23:01,480 --> 00:23:03,600 million. Oh, he closed. 438 00:23:04,120 --> 00:23:05,440 He closed. He made $9 million. 439 00:23:05,880 --> 00:23:09,040 Jack XPT basically confirmed that we we knew that he's just 440 00:23:09,040 --> 00:23:12,680 some scammer from from OG scammer who I think lives in 441 00:23:13,440 --> 00:23:14,760 Dubai. Who would have guessed who? 442 00:23:15,240 --> 00:23:18,560 Would have guessed. Who would have guessed? 443 00:23:20,680 --> 00:23:21,800 I swear to God. Dubai. 444 00:23:22,440 --> 00:23:24,120 Where are you from? Dubai. 445 00:23:24,160 --> 00:23:27,000 OK. Oh man. 446 00:23:27,200 --> 00:23:28,560 Oh man. I swear to God. 447 00:23:28,560 --> 00:23:30,720 Dubai. Anyways, Speaking of Dubai, 448 00:23:30,720 --> 00:23:43,400 Tyler, I don't know why that's the segue. 449 00:23:46,520 --> 00:23:49,680 Yeah, folks, crypto majors are red today following equities. 450 00:23:49,680 --> 00:23:55,320 Bitcoin down about a percent, Solana down 4%, down the most 451 00:23:55,320 --> 00:23:57,560 here on the day. Speaking of, Solana dropped a 452 00:23:57,560 --> 00:24:00,680 very controversial new promo video yesterday mocking woke 453 00:24:00,680 --> 00:24:05,040 culture and saying America is back, time to accelerate, and 454 00:24:05,040 --> 00:24:09,320 then deleting the video after wide pushback from crypto 455 00:24:09,320 --> 00:24:10,360 Twitter. So we'll get into that in a 456 00:24:10,360 --> 00:24:12,600 minute. Canary Capital filed for a spot 457 00:24:12,600 --> 00:24:16,240 suite ETF that would be the first ever suite ETF in the US. 458 00:24:16,640 --> 00:24:19,400 Trump's world, Liberty Five. They closed their second token 459 00:24:19,400 --> 00:24:21,800 sale. They've raked in $550 million 460 00:24:21,800 --> 00:24:25,680 across 85,000 participants. So some big numbers there. 461 00:24:25,960 --> 00:24:28,200 As we mentioned, Standard Charter dropped its end of year 462 00:24:28,200 --> 00:24:32,920 ETH target price from 10K to 4K, blaming L twos for siphoning off 463 00:24:32,920 --> 00:24:36,240 value. A top European Central Bank 464 00:24:36,240 --> 00:24:39,280 official warned that Trump's pro crypto stance could lead to 465 00:24:39,280 --> 00:24:43,200 future financial crises. So the increasing division 466 00:24:43,200 --> 00:24:46,280 across political parties across countries on on crypto feels 467 00:24:46,280 --> 00:24:49,600 like it's getting deeper and then some news out of Michael 468 00:24:49,600 --> 00:24:51,400 Saylor. So this past week he acquired 469 00:24:51,400 --> 00:24:54,080 130 bitcoins. Today he just announced a new 470 00:24:54,080 --> 00:24:56,600 preferred stock offering for. Sure, let's go. 471 00:24:57,160 --> 00:25:00,240 STRF to raise more capital for Bitcoin. 472 00:25:00,760 --> 00:25:05,440 So, so Big Mike is still buying in token air, dropping protocol 473 00:25:05,440 --> 00:25:07,240 news. Robin Hood announced it's moving 474 00:25:07,240 --> 00:25:09,400 into prediction markets powered by Kaushi. 475 00:25:09,400 --> 00:25:12,520 It's going to start with March Madness and a federal interest 476 00:25:12,520 --> 00:25:16,080 rates market. We had Backpack announced its 477 00:25:16,080 --> 00:25:18,240 seasons are going to start this Friday. 478 00:25:18,240 --> 00:25:20,960 We typically know what seasons mean in this game. 479 00:25:20,960 --> 00:25:24,080 Myriad shout to them. Crossing 500,000 in betting 480 00:25:24,080 --> 00:25:27,680 volume 2400, returning vetters on Monday and then Athena and 481 00:25:27,680 --> 00:25:30,960 Securitize announced a new chain called Converge as a settlement 482 00:25:30,960 --> 00:25:33,200 layer between trad Phi and D Phi. 483 00:25:33,760 --> 00:25:36,920 Rounding this out, AI and crypto AI market was down leaders down 484 00:25:36,920 --> 00:25:39,040 about 5 to 10%. The more interesting story here, 485 00:25:39,040 --> 00:25:43,200 AIXBT lost $100,000 in a security incident or someone 486 00:25:43,200 --> 00:25:46,480 gained, that's why unauthorized access to a part of its 487 00:25:46,520 --> 00:25:48,960 infrastructure. Not exactly sure how this played 488 00:25:48,960 --> 00:25:54,480 out, but AIXPT sent someone 55 ETH ARC down 33 percent, 489 00:25:54,560 --> 00:25:58,280 45,000,000 out, nearly out of the top 15 at this point. 490 00:25:58,760 --> 00:26:00,200 So, so quite the draw down there. 491 00:26:00,200 --> 00:26:04,320 Meme coin leaders, mostly red and we talked about Mubarak and 492 00:26:04,320 --> 00:26:07,360 BMT already. Those were leading the way. 493 00:26:07,800 --> 00:26:11,560 And once again, it seems like Binance B&B, that's where the 494 00:26:11,560 --> 00:26:14,920 alpha is right now in the meme streets. 495 00:26:15,520 --> 00:26:19,960 The meme streets on binance we've seen this movie before 496 00:26:20,480 --> 00:26:23,760 love to see that anyway so where do we even start here today 497 00:26:23,760 --> 00:26:25,040 Tyler there's. Quite a bit of stuff. 498 00:26:25,040 --> 00:26:27,160 Yeah, there's this amount maybe we quickly talk on the Sailor 499 00:26:27,400 --> 00:26:29,520 topic. So I think whenever Sailor makes 500 00:26:29,520 --> 00:26:32,800 this announcement, people instantly point to his 501 00:26:32,800 --> 00:26:36,720 liquidation price going up. But Mando, if I'm correct, him 502 00:26:36,760 --> 00:26:41,560 releasing preferred stock as an equity sale would not impact his 503 00:26:41,560 --> 00:26:43,200 liquidation price. Incredible. 504 00:26:43,640 --> 00:26:46,840 This is the best thing that could possibly happen for the 505 00:26:46,840 --> 00:26:49,360 general Bitcoin mark. If I owned if I own micro 506 00:26:49,360 --> 00:26:52,640 strategy common stock, maybe not so much. 507 00:26:53,640 --> 00:26:58,080 I'll detail that a little bit. But you there was a real risk 508 00:26:58,080 --> 00:27:02,800 that if he uses debt, IE converts or even like secured 509 00:27:02,800 --> 00:27:04,720 debt or anything like that, there there's a chance he could 510 00:27:04,720 --> 00:27:07,080 get liquidated and then that could be very messy if he's just 511 00:27:07,080 --> 00:27:13,200 using equity kind of feels like a very it kind of feels like 512 00:27:13,200 --> 00:27:17,920 it's a it's it's it reduces that risk almost to a miniscule 513 00:27:17,920 --> 00:27:18,640 amount. Now. 514 00:27:19,960 --> 00:27:22,640 Now what it does do is it does layer the common stock. 515 00:27:22,640 --> 00:27:26,000 And by layer, I mean that preferred stock gives are 516 00:27:26,000 --> 00:27:29,120 normally given first rights for any dividends. 517 00:27:29,480 --> 00:27:32,120 They would also give them first rights in in various other 518 00:27:32,120 --> 00:27:33,920 scenarios, but mainly around dividends. 519 00:27:33,920 --> 00:27:38,000 So for example, if Microchette only had certain amount of cash 520 00:27:38,000 --> 00:27:40,240 to pay dividends, they would have to pay the preferred 521 00:27:40,240 --> 00:27:44,080 stockholders higher before they paid any common stockholders. 522 00:27:45,400 --> 00:27:48,440 So like, if you're a common stockholder of strategy right 523 00:27:48,440 --> 00:27:51,200 now, I'm not too sure if it's like it's not 100% positive 524 00:27:51,800 --> 00:27:54,560 because you're getting layered, but it, it it is long term 525 00:27:54,560 --> 00:27:56,320 bullish. I would actually say, because it 526 00:27:56,320 --> 00:27:58,880 now means that there's a high chance he wouldn't get 527 00:27:58,880 --> 00:28:00,600 liquidated over a long period of time. 528 00:28:01,040 --> 00:28:03,280 And there's maybe a chance in the future that, you know, he 529 00:28:03,280 --> 00:28:05,880 does something more equity like with the Bitcoin, like becomes a 530 00:28:05,880 --> 00:28:08,320 Bitcoin bank or, or creates a yield for it. 531 00:28:08,320 --> 00:28:11,680 So I, I like this a lot. I like this a lot for the 532 00:28:11,680 --> 00:28:14,520 market. I like this a lot for for micro 533 00:28:14,520 --> 00:28:17,880 strategy as a company, not necessarily for the common 534 00:28:17,880 --> 00:28:20,240 stockholders, but but yeah, it's, it's good. 535 00:28:20,240 --> 00:28:22,800 This, this is very good. But largely we had heard this 536 00:28:22,800 --> 00:28:24,720 before. It's like, it's like, it's like 537 00:28:24,720 --> 00:28:26,760 the second announcement because remember we already announced he 538 00:28:26,760 --> 00:28:32,760 was he filed a shelf. For. 2 billion of of of 539 00:28:32,760 --> 00:28:34,960 preferred stock. What was it 2 weeks ago? 540 00:28:35,760 --> 00:28:37,960 This just this is this actually coming to market? 541 00:28:37,960 --> 00:28:41,400 So what you do is you you fire, you fire, you file for it to be 542 00:28:41,400 --> 00:28:43,400 on the shelf saying hey, it's going to happen. 543 00:28:43,400 --> 00:28:45,760 And then this is the first one that they've they're doing. 544 00:28:46,160 --> 00:28:49,160 Yeah, makes sense. I think my take away from all 545 00:28:49,160 --> 00:28:53,000 this is very few people who who comments on sailor getting 546 00:28:53,000 --> 00:28:56,200 liquidated have a comprehensive understanding of of the reality. 547 00:28:57,480 --> 00:28:59,760 I would say there's almost no chance of him being liquidated 548 00:28:59,760 --> 00:29:03,840 if this goes through. Yeah, love that he's the best. 549 00:29:04,560 --> 00:29:06,920 We got to get him on the show. I don't know how big it is 550 00:29:06,920 --> 00:29:09,840 though. It's at 5 million shares, but I 551 00:29:09,840 --> 00:29:12,840 don't know if what they are valued at because this is a 552 00:29:12,840 --> 00:29:15,000 prime, this is, this is prep stock. 553 00:29:15,000 --> 00:29:18,440 So I, I, I just didn't know how, what, what size that was in 554 00:29:18,440 --> 00:29:20,720 dollars, right? Yeah, I I don't think that was 555 00:29:20,720 --> 00:29:24,520 included in the announcement. So we'll have to we will have to 556 00:29:24,520 --> 00:29:29,160 see. But positive news there. 557 00:29:30,960 --> 00:29:32,760 I don't know if it's positive like the Trump's world Liberty 558 00:29:32,760 --> 00:29:34,360 five thing. I've I've been going back and 559 00:29:34,360 --> 00:29:37,720 forth. I it's messy. 560 00:29:37,760 --> 00:29:41,320 So they completed 550 million. I think there's, I don't know 561 00:29:41,320 --> 00:29:44,200 the answer to this. Like I, I've seen reports that 562 00:29:44,200 --> 00:29:48,080 Trump's going to get $390 million of the token sale money. 563 00:29:48,600 --> 00:29:50,920 That was like hard for me to wrap my head around how that's 564 00:29:51,000 --> 00:29:55,880 how that's going to work. I'm not been running pre sales, 565 00:29:58,560 --> 00:30:03,240 but that that was the news. A completed second token sale, 566 00:30:03,240 --> 00:30:09,960 550 million now raised. And I don't know that we have a 567 00:30:09,960 --> 00:30:13,480 whole lot of detail on on future plans, how they plan to use the 568 00:30:13,480 --> 00:30:18,280 the capital, other than some detail on how you know who's 569 00:30:18,280 --> 00:30:20,200 getting the tokens and who's going to cut the revenue. 570 00:30:20,200 --> 00:30:24,200 I didn't realize that the the Trump company gets 75% of all 571 00:30:24,200 --> 00:30:28,320 net protocol and that does that seems like a lot. 572 00:30:28,560 --> 00:30:33,720 What a cook. Yes, it's I don't know, we 573 00:30:33,720 --> 00:30:35,480 don't, I know we're, we're light on time. 574 00:30:35,520 --> 00:30:36,800 We don't have to get into that one today. 575 00:30:36,800 --> 00:30:38,880 Like the Solana ad. I feel like we do need to talk 576 00:30:38,880 --> 00:30:39,880 about. We've been kind of dancing 577 00:30:39,880 --> 00:30:43,240 around. That dude, the Solana ad man 578 00:30:44,400 --> 00:30:46,480 wow. I got to say though, I do like 579 00:30:46,480 --> 00:30:48,960 totally's reaction post that I thought he was like he really 580 00:30:48,960 --> 00:30:50,440 came out against he was like, what the fuck is this? 581 00:30:50,440 --> 00:30:53,040 I don't know if you guys saw that he was like really making 582 00:30:53,040 --> 00:30:58,160 fun of himself and and he was like retweeting people like, you 583 00:30:58,160 --> 00:31:02,760 know, that were also against it. I mean, what did you guys make 584 00:31:02,760 --> 00:31:03,240 of it? Tyler? 585 00:31:03,240 --> 00:31:05,160 What do you I? Have a lot of questions. 586 00:31:05,160 --> 00:31:07,560 I have a lot of thoughts. First question is like how? 587 00:31:07,840 --> 00:31:10,840 How did this get through the approval process to posting? 588 00:31:10,960 --> 00:31:15,560 If you ever find yourself posting a highly produced ad 589 00:31:15,560 --> 00:31:18,520 campaign video and deleting it within two hours, you've done 590 00:31:18,520 --> 00:31:19,240 something wrong. It was. 591 00:31:20,000 --> 00:31:23,600 Better ad was better. Someone probably needs to to 592 00:31:23,600 --> 00:31:25,600 lose their job. I mean anyone who watches. 593 00:31:25,600 --> 00:31:27,640 I rewatched it before the show this morning. 594 00:31:28,160 --> 00:31:32,600 It was clearly just too heavy-handed and my my hottest 595 00:31:32,600 --> 00:31:36,240 take is I actually think they could have slipped like one anti 596 00:31:36,240 --> 00:31:39,520 woke joke into this ad and it would have been fine. 597 00:31:39,680 --> 00:31:41,520 Yeah, it's one little joke. Like whatever. 598 00:31:41,520 --> 00:31:46,000 Like you made it such like a a central theme of this and it was 599 00:31:46,000 --> 00:31:49,320 just not funny and just just cringy. 600 00:31:49,320 --> 00:31:50,840 I mean, I had to stop watching it the first time. 601 00:31:50,840 --> 00:31:53,320 It was just hard to it was just hard to sit through. 602 00:31:55,280 --> 00:31:57,480 It's unfortunate because I think the the core message to 603 00:31:57,520 --> 00:32:01,520 accelerate along with America getting on back on track is a 604 00:32:01,520 --> 00:32:04,400 fine message. They just, they just went about 605 00:32:04,520 --> 00:32:10,520 painting it in a bad way and probably like getting too 606 00:32:10,520 --> 00:32:12,920 political. I think is is a mistake. 607 00:32:14,200 --> 00:32:17,000 The memes are great. The memes are amazing. 608 00:32:17,120 --> 00:32:21,000 Meme today. I Matt, was having a field day 609 00:32:21,000 --> 00:32:26,600 with that one though. Really, Microsoft, when my 610 00:32:26,640 --> 00:32:29,400 parents ask, well, I'm 30 and don't have a job I want to 611 00:32:29,400 --> 00:32:35,400 invest in. Oh, my God. 612 00:32:35,400 --> 00:32:37,520 I mean, Amanda, what did you, how did you make of that? 613 00:32:37,520 --> 00:32:39,920 I did. I feel like I can guess what 614 00:32:39,920 --> 00:32:41,920 you're going to say, but. Yeah, I just thought it was 615 00:32:41,920 --> 00:32:45,160 strange, like, yeah, it's just deleted it though. 616 00:32:45,160 --> 00:32:48,200 It was a really good. What did somebody else put? 617 00:32:48,440 --> 00:32:50,320 We just kind of harked back to what we were saying before, 618 00:32:50,320 --> 00:32:53,240 which is like, the good thing is that they deleted it. 619 00:32:53,240 --> 00:32:55,400 If it was the theorem, they would have doubled down and kept 620 00:32:55,400 --> 00:33:01,000 it up. Yeah, the slide buck, I really 621 00:33:01,000 --> 00:33:05,360 spoke to me on a personal level. Yeah. 622 00:33:05,360 --> 00:33:07,480 I mean that thing I don't even need to double down here was 623 00:33:08,640 --> 00:33:13,560 it's like they're like the anti woke thing worked out and and 624 00:33:14,200 --> 00:33:17,320 and like Trump won my landslide already. 625 00:33:17,320 --> 00:33:18,840 It's like you don't need to like keep going at it. 626 00:33:18,840 --> 00:33:22,480 You know what I mean? It's like it's play, it's OK. 627 00:33:22,480 --> 00:33:24,800 Like you're like four months late here, you know, like get 628 00:33:24,800 --> 00:33:28,600 over it. You know, also like I'm not a 629 00:33:28,600 --> 00:33:31,480 fan of like, by the way, Yeah, these guys definitely did a 630 00:33:31,480 --> 00:33:33,720 better ad for Avalanche than. I think we're going to do a 631 00:33:33,720 --> 00:33:35,080 parody. Yeah, I know. 632 00:33:35,080 --> 00:33:37,480 I I tagged them. And then the avalanche bit. 633 00:33:38,000 --> 00:33:40,520 Yo, I want 510. I want 10% of that deal. 634 00:33:40,520 --> 00:33:45,880 But dog goes. And I thought Ryan Sulkis 635 00:33:45,880 --> 00:33:47,360 directed it, but he's hating on it. 636 00:33:47,360 --> 00:33:48,360 I figured. I figured it Ryan. 637 00:33:48,360 --> 00:33:50,440 Sulkins, the left-leaning team, wrote it. 638 00:33:51,720 --> 00:33:52,960 What? That sucks. 639 00:33:52,960 --> 00:33:56,800 His take? Sorry, you can tell it was a 640 00:33:56,800 --> 00:33:59,240 left-leaning team that wrote or proved it not OK. 641 00:33:59,680 --> 00:34:03,960 I, I this, this is Yeah. This is not even, let's not even 642 00:34:03,960 --> 00:34:07,440 go into that conversation. But but it's just, yeah, it was 643 00:34:07,440 --> 00:34:10,560 just cringe. Everybody knows it was cringe. 644 00:34:11,679 --> 00:34:12,440 And it was. Yeah. 645 00:34:12,560 --> 00:34:14,400 It was so funny because then people started retweeting the 646 00:34:14,400 --> 00:34:18,040 BLM stuff from 2020 to get to see that. 647 00:34:18,480 --> 00:34:23,000 Yeah. And, and I thought it was funny 648 00:34:23,000 --> 00:34:24,560 that, you know, that they did that. 649 00:34:24,679 --> 00:34:28,360 And then apparently, well, there's a new Coinbase ad too 650 00:34:28,360 --> 00:34:30,239 now. Coinbase ad I thought was good. 651 00:34:30,840 --> 00:34:34,280 Coinbase is good at ads. Historically, they've made 652 00:34:34,320 --> 00:34:37,199 really good advertisements. Political just just basically 653 00:34:37,199 --> 00:34:40,320 being like cryptos. The thing is, the political war, 654 00:34:40,520 --> 00:34:41,920 whatever you want to call it, has been 1. 655 00:34:41,920 --> 00:34:47,159 You know what I mean? Like they want it so it's like, 656 00:34:47,159 --> 00:34:48,639 no need. Are you sharing your screen man 657 00:34:48,639 --> 00:34:49,639 though? Do you want me to prove it? 658 00:34:49,800 --> 00:34:51,480 What was? That no, that was from before. 659 00:34:51,880 --> 00:34:55,800 OK, but it's, but they they, it's like the political war was 660 00:34:55,800 --> 00:34:57,120 already like kind of worn, right. 661 00:34:57,120 --> 00:34:58,920 It's like crypto's in the White House now. 662 00:34:58,920 --> 00:35:02,720 You don't need to keep pushing it, but they know that and and 663 00:35:02,720 --> 00:35:04,960 it looks like they're going to fix that and they're already on 664 00:35:04,960 --> 00:35:06,440 it. The best thing they could do 665 00:35:06,440 --> 00:35:08,520 right now is just drop another accelerate ad, but like a 666 00:35:08,520 --> 00:35:12,440 banger, you know what I mean? Like just like go go back, hire 667 00:35:12,440 --> 00:35:15,560 a bunch of creators like from the Solana Eco or something and 668 00:35:15,560 --> 00:35:18,560 just come up with a banger to accelerate. 669 00:35:18,880 --> 00:35:21,120 Who, who, who are you going to get from the Solana Eco to do 670 00:35:21,120 --> 00:35:21,680 that? Vakoball. 671 00:35:25,240 --> 00:35:28,600 The Vakoball. They're guys black. 672 00:35:29,640 --> 00:35:33,040 Sol Jakey. I have to say though, Sol Jakey 673 00:35:33,040 --> 00:35:35,360 did the. Liberty, Yeah. 674 00:35:35,360 --> 00:35:40,560 Hayden Castor ventures, you know, like LA Libertad. 675 00:35:41,000 --> 00:35:44,280 What about that fucking idiot Milay can't even handle his own 676 00:35:44,280 --> 00:35:46,120 country. Anyways, that's another 677 00:35:46,120 --> 00:35:47,960 conversation. Tyler, is there anything else 678 00:35:47,960 --> 00:35:50,800 then I'm going to go to to to see if he's in, He's in the he's 679 00:35:50,800 --> 00:35:52,560 in the studio. But is there anything that I 680 00:35:52,560 --> 00:35:54,880 didn't touch on? Quick pull up the I just sent 681 00:35:54,880 --> 00:35:57,520 you a tweet about the AI XPT situation. 682 00:35:57,560 --> 00:36:01,000 Oh my God dude this is like. Summarizes where we're at this 683 00:36:01,000 --> 00:36:04,320 broader AI market down. You're right at the bottom. 684 00:36:05,120 --> 00:36:08,200 It just keeps on getting worse and worse and worse and worse. 685 00:36:08,200 --> 00:36:10,640 You're like, let me pull up Supreme Leader's tweet because 686 00:36:10,640 --> 00:36:12,520 he's a, he's a funny ass reply guy. 687 00:36:13,600 --> 00:36:17,400 There you go. Yeah, so I don't know exactly 688 00:36:17,400 --> 00:36:24,120 how this fungus man who's now deleted his account somehow I 689 00:36:24,120 --> 00:36:32,160 don't like he he tweets Fungus man and a XBT tips him 55 and a. 690 00:36:32,520 --> 00:36:35,360 Half E the the devs just come out with an explanation. 691 00:36:35,360 --> 00:36:37,120 It was a hack. If you go into the devs page 692 00:36:37,120 --> 00:36:39,000 he's put what's. The dev Who's the dev? 693 00:36:39,280 --> 00:36:41,720 I can't remember his name but basically they hacked the back 694 00:36:41,720 --> 00:36:44,960 end so that it would it would reply on purpose with these 695 00:36:44,960 --> 00:36:46,320 replies. OK, so. 696 00:36:46,560 --> 00:36:51,200 Who is the dev of a XBT? It's like DTRDX. 697 00:36:51,200 --> 00:36:56,520 RI didn't even know he had this ability to do things right. 698 00:36:56,520 --> 00:36:57,920 I actually just genuinely didn't. 699 00:36:57,920 --> 00:37:01,440 But kind of, it's kind of wild, but this is what we already 700 00:37:01,440 --> 00:37:04,640 spoke about with these AI agents, like you want to give 701 00:37:05,040 --> 00:37:11,680 them this much money. And this slop has a 1600 score 702 00:37:11,680 --> 00:37:15,440 on Ethos, Yeah. Yeah, let's go after him on 703 00:37:15,600 --> 00:37:16,600 Ethos. Let's get him where. 704 00:37:16,840 --> 00:37:18,080 He goes. Let's go. 705 00:37:18,080 --> 00:37:20,240 No air drops for him. You know what? 706 00:37:20,640 --> 00:37:23,920 Let's go speak about him on Ethos, bro. 707 00:37:24,880 --> 00:37:26,920 There you go. Can't. 708 00:37:27,160 --> 00:37:32,920 Even can't even can't even. I don't know whatever anyways. 709 00:37:33,480 --> 00:37:35,960 Yeah, I'll go. I'll I'll go slash AI XPT after. 710 00:37:35,960 --> 00:37:39,800 This yeah it was slashed him bro sees Christ but it's stupid ass 711 00:37:39,800 --> 00:37:42,600 slop has better score than me but what do you mean so. 712 00:37:42,600 --> 00:37:47,720 Like last week, Bankerbot had unplug access to Grok because 713 00:37:47,720 --> 00:37:50,240 Grok was getting tricked and manipulated into launching so 714 00:37:50,240 --> 00:37:52,600 many meme coins. Oh, you missed that man though 715 00:37:52,760 --> 00:37:54,200 that was good. You ready? 716 00:37:54,360 --> 00:37:59,800 Grok launched 7 tokens and then deleted its own tweets about the 717 00:37:59,800 --> 00:38:02,960 tokens and made almost $1,000,000 in fees. 718 00:38:03,920 --> 00:38:06,240 I love it. Yeah, it's still got like 700K, 719 00:38:06,240 --> 00:38:08,880 so the fungus man's probably going to come after Grok next. 720 00:38:09,360 --> 00:38:10,800 It's. Like me, I don't like the 721 00:38:10,840 --> 00:38:13,800 username Fungus man. That's a good tweet, fungus man. 722 00:38:14,200 --> 00:38:16,840 You should have been that man. You should have been that it. 723 00:38:17,240 --> 00:38:18,920 Was once and I will continue to be eventually. 724 00:38:20,560 --> 00:38:23,200 Yeah, you were the fungus guy. Yeah, the fungus. 725 00:38:23,240 --> 00:38:26,720 Man, oh it's Sims. Sims hacked AXAIXP team. 726 00:38:27,080 --> 00:38:30,680 The guy who had a fucking project about like fungus or 727 00:38:30,680 --> 00:38:33,520 some shit, That was you. Be fucking here if I didn't 728 00:38:33,520 --> 00:38:35,280 fucking 55 eight overnight. Believe me. 729 00:38:37,520 --> 00:38:39,360 That's the I've linked it in the WhatsApp. 730 00:38:39,360 --> 00:38:40,840 That's the guys explained how it was done. 731 00:38:41,520 --> 00:38:43,600 Let's see, hold on, where is that? 732 00:38:43,600 --> 00:38:47,280 Let me see, let's pull it up. It appears as if the XBT was 733 00:38:47,280 --> 00:38:51,480 tricked into Hungus Man. Now deleted and both the authors 734 00:38:51,480 --> 00:38:55,200 are in response. No, no, no, 710, I'm trying to 735 00:38:55,360 --> 00:38:56,560 not going to make it. You're the. 736 00:38:56,680 --> 00:38:59,680 One that Sims just said. But at 55 E, like the guy made 737 00:38:59,680 --> 00:39:02,240 like $55, you know what I mean? Like it's not a crazy hat. 738 00:39:02,280 --> 00:39:04,480 So what's? What are you doing with the 739 00:39:04,480 --> 00:39:05,120 money, Sims? Yeah. 740 00:39:05,640 --> 00:39:06,880 What are you doing with the money Sims? 741 00:39:07,040 --> 00:39:10,480 Trying to find a casino mate to put it in straight away. 742 00:39:13,320 --> 00:39:14,600 Every chance I have to scream that. 743 00:39:16,960 --> 00:39:20,160 I have to. Say is a pretty good name. 744 00:39:20,280 --> 00:39:22,920 Anyways, Tyler, I think we went around the horn. 745 00:39:22,960 --> 00:39:25,560 Shall we bring our homeboy from Iowa now on stage? 746 00:39:25,760 --> 00:39:27,360 Let's do it all. Right, Let's do it. 747 00:39:27,440 --> 00:39:29,000 Let's do it, Let's do it. What's up? 748 00:39:29,000 --> 00:39:30,720 Tell Steve how you doing today? Good morning. 749 00:39:31,760 --> 00:39:33,480 Hey guys, good morning. Thanks for having your. 750 00:39:33,480 --> 00:39:34,400 Name right? Tell Steve. 751 00:39:35,280 --> 00:39:37,840 Kasif, yeah. Got it Yo, that painting got 752 00:39:37,840 --> 00:39:39,960 behind you the the biggie Smalls 1. 753 00:39:40,640 --> 00:39:43,920 So I was at the dialectic headquarter in Zoog once you 754 00:39:43,920 --> 00:39:44,920 know, it's this big like crypto phone. 755 00:39:44,920 --> 00:39:47,760 They have like the people one etcetera and they have the 756 00:39:47,760 --> 00:39:53,040 original crown from the from Biggie Smalls from the clip. 757 00:39:53,040 --> 00:39:56,800 It's crazy. Yeah bro, I was what the fuck is 758 00:39:56,800 --> 00:39:57,840 this? And they're like yo, that's the 759 00:39:57,840 --> 00:40:00,360 fucking crown. They have like APSA 10 charge on 760 00:40:00,360 --> 00:40:01,480 like everything on the walls and shit. 761 00:40:01,600 --> 00:40:02,800 Then you have like the fucking crown. 762 00:40:02,800 --> 00:40:06,160 It's like sign like notorious. So there was 2 for that clip and 763 00:40:06,160 --> 00:40:09,400 I have one of them anyways. Actual grill right there. 764 00:40:09,840 --> 00:40:12,080 Yeah, actual grill. I was like down, you know, turn 765 00:40:12,080 --> 00:40:14,080 around real quick, run away with the thing. 766 00:40:14,600 --> 00:40:17,040 Anyways, tell Steve what's up, man. 767 00:40:17,040 --> 00:40:22,040 Why don't you give us a little intro and, and tell us more 768 00:40:22,040 --> 00:40:23,720 about, you know, Ionet and what you guys are up to? 769 00:40:24,920 --> 00:40:26,240 Sure. Happy to do that. 770 00:40:27,040 --> 00:40:28,520 Yeah. So my name is Das Baumad. 771 00:40:28,520 --> 00:40:30,840 I'm the Chief BD Officer at IONET. 772 00:40:32,200 --> 00:40:35,880 For those unfamiliar with Ionet, we're essentially the Airbnb for 773 00:40:35,880 --> 00:40:39,320 GPU's. So we basically take all this 774 00:40:39,320 --> 00:40:42,400 latent GPU compute capacity that's spread out all over the 775 00:40:42,400 --> 00:40:46,120 world, whether that's an independent data centers, former 776 00:40:46,160 --> 00:40:49,200 crypto miners, all the way to people who have gaming rigs with 777 00:40:49,640 --> 00:40:52,720 forty 90s, thirty 90s, like souped up consumer cards in 778 00:40:52,720 --> 00:40:55,640 their in their PCs. Pull that into our network and 779 00:40:55,640 --> 00:40:59,440 offer that up as a front end to AIML developers everywhere, 780 00:40:59,440 --> 00:41:02,280 whether they're at startup, enterprise, research lab, 781 00:41:02,280 --> 00:41:05,320 university, and just make it super easy to get access to GPU 782 00:41:05,320 --> 00:41:07,680 compute. I love that I just realized you 783 00:41:07,680 --> 00:41:10,520 have a Bitcoin puppet PFPI. Love that. 784 00:41:10,520 --> 00:41:11,680 I'm so bullish on the Internet now. 785 00:41:11,680 --> 00:41:16,160 Holy shit, wow, so bullish. I mean, Tyler and I, we love the 786 00:41:16,160 --> 00:41:18,120 pups. We love that we forgot to do our 787 00:41:18,120 --> 00:41:20,000 special. We got one hour special on pups 788 00:41:20,000 --> 00:41:23,920 for a piece ANYWAYS, love that, love your PFP and I think this 789 00:41:23,920 --> 00:41:26,920 is actually really smart. Nice domainio.net. 790 00:41:27,000 --> 00:41:28,760 You guys are absolutely cooking and seeing. 791 00:41:28,760 --> 00:41:30,600 So why don't you break down a little bit of, you know, you 792 00:41:30,600 --> 00:41:33,920 said Airbnb for GPU is all that stuff that's a little above my 793 00:41:33,920 --> 00:41:35,600 pay grade. So why don't you give us a 794 00:41:35,600 --> 00:41:38,080 little bit of an explanation is like, what's your strategy to 795 00:41:38,080 --> 00:41:43,240 top AWS as the largest provider in cloud computing market? 796 00:41:43,280 --> 00:41:45,280 You know, because a lot of our shit's stored on there. 797 00:41:45,440 --> 00:41:48,800 If AWS goes down, feels like there's always that meme, right? 798 00:41:48,800 --> 00:41:51,320 Like PWS goes down, like almost all crypto goes down or 799 00:41:51,320 --> 00:41:53,720 whatever. So how are you guys going to, 800 00:41:53,720 --> 00:41:54,960 how are you guys going to change that? 801 00:41:56,040 --> 00:41:59,760 Yeah, yeah, for sure. So I think there's like three 802 00:41:59,760 --> 00:42:02,560 major things we kind of focus on right when we're talking about 803 00:42:02,560 --> 00:42:05,680 how we're going up against AWS. And it's actually kind of like 804 00:42:05,680 --> 00:42:08,920 better to walk through sort of like like an example of what 805 00:42:08,920 --> 00:42:11,640 your experience would be if you're like an AI startup trying 806 00:42:11,640 --> 00:42:16,440 to get compute from AWS, right? So one of the first things is 807 00:42:16,440 --> 00:42:20,040 just price, like AWS is really, really expensive. 808 00:42:20,040 --> 00:42:23,600 And especially if you're like a startup coming in trying to get 809 00:42:23,600 --> 00:42:26,960 access to like an H100 or A-100, which are, you know, kind of 810 00:42:26,960 --> 00:42:32,440 like top of the line GPU's that you need for AI training, you're 811 00:42:32,440 --> 00:42:34,720 going to get priced out immediately because you're, you 812 00:42:34,720 --> 00:42:37,000 know, probably bootstrapped. You're trying to raise funds 813 00:42:37,000 --> 00:42:39,520 like you can't just throw a bunch of money at at computer. 814 00:42:40,480 --> 00:42:44,520 So in IO net, we offer like pricing that's about 70 to 90% 815 00:42:44,520 --> 00:42:48,000 cheaper than, you know, AWS, Azure, GCP, because of sort of 816 00:42:48,000 --> 00:42:50,640 how we're able to source our computer in a decentralized 817 00:42:50,640 --> 00:42:54,080 manner. The second, second sort of 818 00:42:54,080 --> 00:42:56,160 aspect of that is just availability, right? 819 00:42:56,160 --> 00:43:00,920 So even if you have the money to go pay AWS for GP US, like they 820 00:43:00,920 --> 00:43:03,640 might not have the GP US that you need actually available 821 00:43:04,200 --> 00:43:07,720 because they have all these like bigger customers, like, you 822 00:43:07,720 --> 00:43:11,760 know, like JP Morgan, Epic Games, like Snap, Meta, all 823 00:43:11,760 --> 00:43:14,920 these guys who are spending hundreds of millions of dollars 824 00:43:14,920 --> 00:43:17,000 a month with them. So they're always going to get 825 00:43:17,000 --> 00:43:19,840 like first priority before any random startup that comes up. 826 00:43:19,840 --> 00:43:22,840 So we're able to offer that availability for startups to, 827 00:43:22,880 --> 00:43:25,520 you know, just log on to our platform, get access to the GP 828 00:43:25,560 --> 00:43:27,400 us you'd need, deploy them quickly. 829 00:43:28,360 --> 00:43:31,680 And lastly, the way we do it is just offering more flexibility. 830 00:43:31,680 --> 00:43:36,000 So for that same AWS example, if you have the money, you are 831 00:43:36,000 --> 00:43:39,880 actually able to get to the front of the line and you know, 832 00:43:40,000 --> 00:43:42,800 get the GP us you need. AWS is going to make you sign up 833 00:43:42,800 --> 00:43:46,200 for a 2-3 year like contract to lock those in, right? 834 00:43:46,200 --> 00:43:48,680 Which if you're a small start up, that's going to be pretty 835 00:43:48,680 --> 00:43:50,320 hard. So we offer a lot of 836 00:43:50,320 --> 00:43:52,480 flexibility. Anyone can go on to our 837 00:43:52,480 --> 00:43:56,840 platform, deploy a GPU cluster within, you know, within two 838 00:43:56,840 --> 00:44:01,000 minutes and then you know, we don't have you commit to long 839 00:44:01,000 --> 00:44:03,520 term contracts unless, unless that's what you need. 840 00:44:04,000 --> 00:44:07,720 So if you want like GPU's for an hour, a day, a week, couple 841 00:44:07,720 --> 00:44:10,960 weeks, we leave it up to you. I love that. 842 00:44:11,120 --> 00:44:14,480 Well, that's so you actually just saw your bio. 843 00:44:14,480 --> 00:44:16,080 You actually went well. First of all, you went to 844 00:44:16,080 --> 00:44:19,280 Harvard, that's fire. And second of all, you worked at 845 00:44:19,600 --> 00:44:22,880 AWS and then, you know, you decided, seems like you decided 846 00:44:22,880 --> 00:44:28,080 to make the leap of faith and, and who pissed you off at 847 00:44:28,080 --> 00:44:30,360 Amazon? Who pissed you off over there 848 00:44:30,520 --> 00:44:33,960 for you to go a full decentralized route and, and 849 00:44:33,960 --> 00:44:36,640 build this, You got to tell you who, who, who grinded your 850 00:44:36,640 --> 00:44:37,760 gears. But you know, are the more 851 00:44:37,760 --> 00:44:41,560 serious though, you know, given your background, obviously, you 852 00:44:41,560 --> 00:44:44,240 know, you worked at AWS, all that good stuff. 853 00:44:44,240 --> 00:44:46,240 So it's clearly, you know what you're talking about here and 854 00:44:46,240 --> 00:44:47,880 seems like, you know, your company's really successful, 855 00:44:47,880 --> 00:44:49,080 actually. So Congrats on everything you 856 00:44:49,080 --> 00:44:51,800 guys are doing. You know, how do you see the 857 00:44:51,800 --> 00:44:54,960 intersection of decentralized infrastructure and traditional 858 00:44:54,960 --> 00:44:57,160 cloud services evolving in the next 5 years? 859 00:44:57,160 --> 00:44:59,560 Because I feel like this is one thing, even though I'm not an 860 00:44:59,560 --> 00:45:02,000 expert on cloud computing and all this stuff like cloud 861 00:45:02,000 --> 00:45:05,760 storage, we talk about it a lot in this industry and I feel like 862 00:45:05,760 --> 00:45:08,200 I've never seen the solution to AWS. 863 00:45:08,200 --> 00:45:11,120 So where does decentralization come into play, and how you 864 00:45:11,200 --> 00:45:12,480 know, how do you see that evolving? 865 00:45:13,760 --> 00:45:16,600 Yeah, it's kind of funny. We're talking about, you know, 866 00:45:16,760 --> 00:45:20,440 like me going from AWS to do what we and Hoopis be off at AWS 867 00:45:20,480 --> 00:45:23,680 and things breaking over there. Because I actually wanted to 868 00:45:23,680 --> 00:45:26,280 jump into crypto back in like 20/17/2018. 869 00:45:26,280 --> 00:45:28,440 But then the whole industry blew up back then. 870 00:45:28,520 --> 00:45:31,400 And of course there were no like, you know, business roles 871 00:45:31,400 --> 00:45:33,360 like for someone like me, unless you were a dev. 872 00:45:33,360 --> 00:45:37,560 So I ended up at AWS and within like the first few months I was 873 00:45:37,560 --> 00:45:42,240 there, one of AW s s biggest services S3 like their storage 874 00:45:42,240 --> 00:45:44,600 service happened to go down for a few hours. 875 00:45:44,600 --> 00:45:47,240 And then I read this crazy statistic after it happened that 876 00:45:47,280 --> 00:45:50,840 a third of the entire Internet went down with it when like one 877 00:45:50,840 --> 00:45:52,040 of these core services went down. 878 00:45:52,040 --> 00:45:54,960 So it kind of really like almost showed me like, you know, like 879 00:45:54,960 --> 00:45:57,800 the follies of like a centralized like provider, 880 00:45:57,800 --> 00:45:59,240 right? When you have like that much 881 00:45:59,240 --> 00:46:01,600 centralization risk, like it's like everything can just go down 882 00:46:01,600 --> 00:46:04,480 at the same time and like you won't you won't really realize 883 00:46:04,480 --> 00:46:06,920 it until it's too late. So I think in terms of like 884 00:46:06,920 --> 00:46:08,600 going back to your question of like, you know, how does the 885 00:46:08,600 --> 00:46:10,720 intersection of like decentralized infra plus 886 00:46:10,720 --> 00:46:13,000 traditional cloud like sit together? 887 00:46:13,000 --> 00:46:15,920 I think, you know, one's not going to replace the other. 888 00:46:16,040 --> 00:46:18,480 Like I think both there's a room for like there's room for both 889 00:46:18,480 --> 00:46:21,280 to coexist and they're going to coexist for a long time. 890 00:46:22,360 --> 00:46:24,400 And I think that's because kind of like they solve like 891 00:46:24,400 --> 00:46:26,760 different use cases for like different reasons, right? 892 00:46:26,760 --> 00:46:31,080 So one of the things that we've kind of seen is like a lot of 893 00:46:31,080 --> 00:46:35,160 like AI start-ups who come to us, you know, they, if they're 894 00:46:35,160 --> 00:46:38,040 going to train like a whole like foundational model, like from 895 00:46:38,040 --> 00:46:41,760 scratch, like they actually want all these GPUs to sort of like 896 00:46:41,760 --> 00:46:45,160 exist in the same data center that like they're literally like 897 00:46:45,160 --> 00:46:47,600 plugged in, like with actual physical wires because they're 898 00:46:47,600 --> 00:46:51,240 like trying to get super, super like look like high speed, low 899 00:46:51,240 --> 00:46:53,120 latency. And they want to like train that 900 00:46:53,120 --> 00:46:55,760 model as fast as possible, like decentralized training. 901 00:46:55,760 --> 00:46:57,680 It's like there's a lot of like cool stuff that's happening 902 00:46:57,680 --> 00:47:00,280 right now, but it's it's not quite there, right? 903 00:47:00,280 --> 00:47:02,600 It's like it's, it's, it's a little bit slow, but it'll get 904 00:47:02,600 --> 00:47:06,040 there. But I think for decentralized 905 00:47:06,040 --> 00:47:09,480 infrastructure, where we've actually found like a lot of a 906 00:47:09,480 --> 00:47:13,360 great use case has been actually with inference. 907 00:47:13,640 --> 00:47:15,600 So, you know, inference is basically like whenever you 908 00:47:15,600 --> 00:47:19,440 actually use like, yeah, so you use like ChatGPT and you give it 909 00:47:19,440 --> 00:47:21,480 like a input and it gives an output. 910 00:47:21,480 --> 00:47:23,680 Like that's, that's what AI inference is like, basically 911 00:47:23,680 --> 00:47:26,120 using a model. But the scale of that is, you 912 00:47:26,120 --> 00:47:29,720 know, like chat GPD is doing that billions of times, like 913 00:47:29,880 --> 00:47:33,160 like a day. And that workload is spread out 914 00:47:33,200 --> 00:47:35,120 everywhere, right? It's not just like I just need 915 00:47:35,120 --> 00:47:38,840 one data center to do it. Like your servers might be in 916 00:47:38,840 --> 00:47:41,400 like Northern Virginia, but your users might be in, you know, 917 00:47:41,480 --> 00:47:43,440 Indonesia, like Dubai, Australia. 918 00:47:43,720 --> 00:47:46,240 So when you actually have like decentralized infrastructure, 919 00:47:47,280 --> 00:47:50,480 you can actually reduce the amount of time it needs for that 920 00:47:50,480 --> 00:47:53,200 inference to take place because like all the nodes are closer to 921 00:47:53,200 --> 00:47:55,720 your actual customers, right? So in those situations, we've 922 00:47:55,720 --> 00:47:57,960 kind of found that like decentralized infrastructure is 923 00:47:58,360 --> 00:48:01,440 better than centralized infra. And, you know, I think a lot of 924 00:48:01,440 --> 00:48:04,600 people kind of come to realize that, especially as more people 925 00:48:04,600 --> 00:48:07,160 start depending on AI for various reasons. 926 00:48:07,160 --> 00:48:10,240 And, you know, I think people really hate waiting for stuff to 927 00:48:10,240 --> 00:48:12,400 work on the Internet. So I think you know that latency 928 00:48:12,400 --> 00:48:15,560 thing is going to be super important going forward. 929 00:48:16,600 --> 00:48:17,600 Wow. And you guys are? 930 00:48:18,520 --> 00:48:19,800 This is impressive. Also, you're really good at 931 00:48:19,800 --> 00:48:22,360 explaining something so complicated, right? 932 00:48:23,160 --> 00:48:24,960 He's like, I've been talking about this stuff all day, like. 933 00:48:25,360 --> 00:48:27,760 I'm not even faking this time. There's a few times where I have 934 00:48:27,760 --> 00:48:29,960 to fake with some guests and like, yeah, it's fascinating. 935 00:48:29,960 --> 00:48:31,880 Bro. I am actually understanding 936 00:48:31,880 --> 00:48:33,560 this. You know? 937 00:48:33,560 --> 00:48:34,760 Amanda, we're going to quiz you after this. 938 00:48:34,760 --> 00:48:36,600 Hope you're ready. No, but seriously. 939 00:48:37,160 --> 00:48:39,200 Quick question though. You're building all this in 940 00:48:39,200 --> 00:48:41,000 Solana it seems. Why Solana? 941 00:48:41,000 --> 00:48:42,760 Because it seems like because yesterday we were talking about 942 00:48:43,080 --> 00:48:45,080 some, I think Mandelbrot, like it was all deep end. 943 00:48:45,080 --> 00:48:46,800 Like Solan needs a new narrative, like, you know, this 944 00:48:46,800 --> 00:48:49,680 deep end are really blah blah. And it's so happens that today, 945 00:48:49,680 --> 00:48:51,600 you know, show partner is building something massive like 946 00:48:51,600 --> 00:48:54,040 this on Solana. Can I ask you why? 947 00:48:55,480 --> 00:48:56,760 Yeah. I mean, that's actually kind of 948 00:48:56,760 --> 00:48:59,600 an easy question because like Solana, for lack of a better 949 00:48:59,600 --> 00:49:02,080 word, is kind of the fastest horse in the race, right? 950 00:49:02,080 --> 00:49:05,440 Like when you kind of think about deep end, like you 951 00:49:05,440 --> 00:49:09,880 actually need to coordinate like this global network of like, you 952 00:49:09,880 --> 00:49:12,840 know, like millions, if not like hundreds of millions of nodes. 953 00:49:13,080 --> 00:49:15,440 And they need to communicate with each other like very 954 00:49:15,440 --> 00:49:19,360 quickly with low latency and almost like also share kind of, 955 00:49:20,080 --> 00:49:22,440 you know, like microtransactions and payments, right? 956 00:49:22,440 --> 00:49:26,040 Like I think like for us, it's like, you know, depending on the 957 00:49:26,160 --> 00:49:28,200 GPUs that are being used, like payments can be a little bit 958 00:49:28,200 --> 00:49:29,600 bigger. But when you start going to 959 00:49:29,640 --> 00:49:32,000 like, you know, like some other deep ends, like, you know, 960 00:49:32,000 --> 00:49:34,640 there's like Hive map or Helium where there's like much smaller, 961 00:49:34,640 --> 00:49:36,120 like micro payments that need to be made. 962 00:49:36,120 --> 00:49:39,720 Like Solana is just a lot better at handling like those tiny, 963 00:49:39,720 --> 00:49:42,840 tiny payments that, but just at massive scale, right. 964 00:49:42,840 --> 00:49:46,200 So if you're building like a deep end, like it just, it just 965 00:49:46,200 --> 00:49:48,920 has all these things that are natural part of the network 966 00:49:48,920 --> 00:49:52,120 where it just doesn't make sense to like do it anywhere else or 967 00:49:52,120 --> 00:49:55,400 build your own like L1 unless it's like something very, very 968 00:49:55,400 --> 00:49:57,240 specific, right? So I think the choice to build 969 00:49:57,240 --> 00:50:01,920 on Solana was super easy. And that literally we could like 970 00:50:01,920 --> 00:50:04,120 cut this up and that's a better ad than yesterday's for Solana 971 00:50:04,920 --> 00:50:06,960 and. That's a low bar. 972 00:50:07,960 --> 00:50:10,320 You know no, but that ads like because that you kind of made 973 00:50:10,320 --> 00:50:11,160 the case. It's funny. 974 00:50:11,160 --> 00:50:13,480 I I know it was, I didn't plan to ask you this, but it's just 975 00:50:13,480 --> 00:50:15,600 like Mando was really bringing this up, but Solana has these 976 00:50:15,600 --> 00:50:17,760 like different stories, like are they deep into some of them? 977 00:50:18,760 --> 00:50:20,440 And it is the home of deep. And someone just brought this up 978 00:50:20,440 --> 00:50:21,480 in the comments here. I'm seeing it. 979 00:50:21,480 --> 00:50:25,000 But, and this actually makes perfect sense in what you're 980 00:50:25,000 --> 00:50:26,600 talking about makes sense because of all these 981 00:50:26,600 --> 00:50:28,440 microtransactions, the fastest horse in the race. 982 00:50:28,440 --> 00:50:29,960 Therefore, it makes sense that it's on Solana. 983 00:50:30,200 --> 00:50:31,720 So that's actually a really good bullish case. 984 00:50:31,720 --> 00:50:33,800 Last question for you here, Toast FS. 985 00:50:33,800 --> 00:50:39,400 You know, you guys is focused on GPU compute capacity is is and 986 00:50:39,400 --> 00:50:41,160 the rapid expansion of data centers. 987 00:50:42,120 --> 00:50:45,480 Do you think the availability of GPS will remain limited? 988 00:50:45,480 --> 00:50:48,680 Because I heard those are like not, you know, easy to come, 989 00:50:49,360 --> 00:50:52,720 come about? Yeah, it's, it's kind of funny 990 00:50:52,720 --> 00:50:55,520 you mentioned this, that actually, you know, the industry 991 00:50:55,520 --> 00:51:00,280 and availability kind of like ebbs and like flows about like 992 00:51:00,440 --> 00:51:04,280 12 to 18 months ago, like the high end GPS were impossible to 993 00:51:04,280 --> 00:51:06,480 find. And then about six months ago, a 994 00:51:06,480 --> 00:51:08,120 lot of them came back out into the. 995 00:51:08,120 --> 00:51:10,960 Market. And you know, a lot of it has 996 00:51:10,960 --> 00:51:13,000 kind of has to do with like all these stories you hear about 997 00:51:14,520 --> 00:51:17,240 like open source models and DeepSeek and things like that, 998 00:51:17,240 --> 00:51:19,680 right? Like 12 to 18 months ago, it's 999 00:51:19,680 --> 00:51:22,040 like everyone thought the game was like, hey, I need to train 1000 00:51:22,040 --> 00:51:24,440 my own foundational model because that's how I compete 1001 00:51:24,440 --> 00:51:26,480 with chat GPD. That's how I compete with in 1002 00:51:26,480 --> 00:51:29,200 tropics. So everyone sucked up all these 1003 00:51:29,400 --> 00:51:33,040 like H1 hundreds, like the high end GPUs from the market and 1004 00:51:33,040 --> 00:51:35,400 they just like sat on them to try to, you know, like train 1005 00:51:35,400 --> 00:51:37,560 their own model. And then, you know, 6 to 9 1006 00:51:37,560 --> 00:51:41,440 months ago, Mehta came out with Llama 3.3 or I forget what the 1007 00:51:41,440 --> 00:51:44,560 number was back then, but their state-of-the-art open source 1008 00:51:44,560 --> 00:51:46,600 model and they just like released it, correct. 1009 00:51:46,600 --> 00:51:48,600 And then Deep sea came out and just released another 1010 00:51:48,600 --> 00:51:51,040 state-of-the-art open, open source model that competes with 1011 00:51:51,040 --> 00:51:53,280 the big boys. So people were like, oh, wait, 1012 00:51:53,280 --> 00:51:56,120 like I don't actually need to trade, you know, spend like 1013 00:51:56,120 --> 00:51:58,320 billions of dollars and train this thing myself. 1014 00:51:58,320 --> 00:52:00,160 I can use this. And then, you know, sort of 1015 00:52:00,200 --> 00:52:02,840 build on top of that. Fine to you net add my own data 1016 00:52:02,840 --> 00:52:04,360 and you know, just make it more efficient. 1017 00:52:05,400 --> 00:52:07,600 So it's sort of like shifted the dynamics of it. 1018 00:52:07,600 --> 00:52:10,880 But like now we're actually seeing like the supply crunch 1019 00:52:10,880 --> 00:52:13,080 start to come back. And it's like for a couple 1020 00:52:13,080 --> 00:52:16,440 different reasons, right? So like, first one has been like 1021 00:52:16,440 --> 00:52:19,680 the shift from like training AI models to like inference once 1022 00:52:19,680 --> 00:52:21,640 again, right? It's like once people are like, 1023 00:52:21,640 --> 00:52:23,480 OK, I don't actually need to train these models. 1024 00:52:24,240 --> 00:52:26,920 I could just put them out there, like and get more people access 1025 00:52:26,920 --> 00:52:29,960 to it. The the workload shifts from 1026 00:52:29,960 --> 00:52:32,840 like, OK, now we don't need to worry about GPS for training, 1027 00:52:32,840 --> 00:52:35,840 but now we need like all those GPS to just handle like the 1028 00:52:35,840 --> 00:52:37,720 amount of inference and usage that we're going to get from 1029 00:52:37,720 --> 00:52:40,880 customers. And then also like secondly, 1030 00:52:41,320 --> 00:52:43,920 it's the idea of like more open source models. 1031 00:52:43,920 --> 00:52:46,680 Like it's just making like state-of-the-art AI available to 1032 00:52:46,720 --> 00:52:48,440 everyone a lot more easily, right. 1033 00:52:48,440 --> 00:52:51,360 And like what has happened in the past, too, is like when you 1034 00:52:51,360 --> 00:52:54,040 increase accessibility for everyone, you are also going to 1035 00:52:54,040 --> 00:52:57,440 correspondingly increase demand. And that's sort of what we're 1036 00:52:57,440 --> 00:52:58,960 seeing too. It's like there's more people 1037 00:52:59,200 --> 00:53:02,440 incorporate AI into their lives, more products incorporate AI 1038 00:53:02,440 --> 00:53:04,560 into themselves. We're just going to see that 1039 00:53:04,560 --> 00:53:06,120 demand for inference keep skyrocketing. 1040 00:53:07,520 --> 00:53:09,720 Wow, fascinating. That's really cool. 1041 00:53:09,720 --> 00:53:12,200 Well, congratulations on the success here with what you guys 1042 00:53:12,200 --> 00:53:15,080 are building with with IO net. I just saw someone in the 1043 00:53:15,080 --> 00:53:18,040 comments like, yo, I I made 500 bucks from the AirDrop. 1044 00:53:18,240 --> 00:53:20,800 Hell yeah. Love to hear. 1045 00:53:21,040 --> 00:53:22,120 That. That's awesome. 1046 00:53:22,120 --> 00:53:23,320 So the whole thing's tokenized, right? 1047 00:53:23,360 --> 00:53:25,560 The IO tokenize, Yeah, it seems. OK, cool. 1048 00:53:26,120 --> 00:53:27,320 That, that does make a lot of sense. 1049 00:53:27,320 --> 00:53:28,640 Awesome. Matosi, thank you so much for 1050 00:53:28,640 --> 00:53:30,880 for partnering with us today. That's awesome. 1051 00:53:30,880 --> 00:53:33,120 You're welcome to stay. We're about to do a a giveaway 1052 00:53:33,360 --> 00:53:35,760 or a little raffle. So if you want to stay on, you 1053 00:53:35,760 --> 00:53:37,920 can. If not, have a wonderful day. 1054 00:53:38,800 --> 00:53:39,760 Awesome. Thank you, guys. 1055 00:53:39,880 --> 00:53:41,040 I appreciate it. Thanks. 1056 00:53:41,080 --> 00:53:42,200 Appreciate you, man. All right. 1057 00:53:42,200 --> 00:53:44,000 All right, all right. Well, that was good. 1058 00:53:44,040 --> 00:53:44,680 Yeah. Hell yeah. 1059 00:53:45,160 --> 00:53:46,560 That's a good interview. I think we should clip the whole 1060 00:53:46,560 --> 00:53:48,760 thing at the end. He just outlined the bull case 1061 00:53:48,800 --> 00:53:52,640 for for AI and compound. Literally. 1062 00:53:53,160 --> 00:53:55,640 He's good explaining it, yeah. He's. 1063 00:53:56,440 --> 00:53:57,000 Very sharp guy. Yeah. 1064 00:53:57,000 --> 00:53:59,520 Damn, that, that was good. Like all the sometimes, like 1065 00:53:59,640 --> 00:54:04,680 when this shit is like we like, yeah. 1066 00:54:06,160 --> 00:54:09,680 So you know, when it's when a lot of stuff is, is like all 1067 00:54:09,680 --> 00:54:13,400 this like really big brain and stuff, you know, it's, it's 1068 00:54:13,400 --> 00:54:15,080 tough to understand, but it seemed he explained. 1069 00:54:15,080 --> 00:54:17,280 Wow. Also like that Solana like 1070 00:54:18,520 --> 00:54:20,480 thesis. It was laid out for you guys in 1071 00:54:20,480 --> 00:54:23,560 like 120 seconds. I mean, so that doesn't make 1072 00:54:23,560 --> 00:54:25,120 sense. It's good, it's good. 1073 00:54:25,120 --> 00:54:27,240 This is why we need more builders on the show, so that we 1074 00:54:27,240 --> 00:54:28,760 can talk about all this shit anyways.