1 00:00:00,600 --> 00:00:08,160 Yo-yo, yo, what up? What up EMGMEM? 2 00:00:08,200 --> 00:00:12,080 Today is Thursday, May 23rd, 2024. 3 00:00:13,960 --> 00:00:16,320 Look at that. Another beautiful day to have a 4 00:00:16,360 --> 00:00:20,440 beautiful day. All right, enough of the fro 5 00:00:20,440 --> 00:00:24,600 compression here today it is me, Tyler D. 6 00:00:24,600 --> 00:00:29,080 They gave me the keys to the FOMO our show, and I'm bringing 7 00:00:29,080 --> 00:00:33,480 along my old pal Sam. He he was formerly NFT stats. 8 00:00:33,840 --> 00:00:38,680 Now he just goes by stats to cut the NFT part out of it for me. 9 00:00:38,680 --> 00:00:41,920 I think Sam quick intro. He is the the single best follow 10 00:00:41,920 --> 00:00:46,000 up for NFT in crypto analysis from my perspective, meme land. 11 00:00:46,000 --> 00:00:47,720 They saw that they picked up on him. 12 00:00:48,240 --> 00:00:50,520 Sam, Jim, how you doing? Then tell us about this rebrand. 13 00:00:51,240 --> 00:00:54,520 I'm, I'm throwing that mirror right back at you 'cause 'cause 14 00:00:54,600 --> 00:00:56,560 my account's basically just aren't retweeting you. 15 00:00:56,560 --> 00:00:59,280 So it's good to, it's good to be here. 16 00:00:59,360 --> 00:01:02,040 You know, I'm not gonna lie. I woke up like at 4:00 in the 17 00:01:02,040 --> 00:01:03,360 morning. It's 8:00 now. 18 00:01:03,360 --> 00:01:07,240 I was hurting but I'm having some coffee 'cause I'm on FOMO 19 00:01:07,240 --> 00:01:10,400 hour and we're gonna go all out. Well, Sam, we're so happy you 20 00:01:10,400 --> 00:01:14,840 could join us here today with Mando out along with Feroc. 21 00:01:14,840 --> 00:01:18,000 But we've got Sims. He is the best producer in the 22 00:01:18,000 --> 00:01:19,560 world. He's also super close to all 23 00:01:19,560 --> 00:01:21,080 these markets. Sims, how you doing him this 24 00:01:21,080 --> 00:01:22,520 morning? Pretty good mate. 25 00:01:22,560 --> 00:01:24,200 Pretty good morning to everyone else as well. 26 00:01:24,200 --> 00:01:27,360 Just making sure we're all good because we've changing up the 27 00:01:27,360 --> 00:01:28,920 audio slightly. So we're making sure everything 28 00:01:28,920 --> 00:01:31,680 is good to go. But we've I'm, I don't want to 29 00:01:31,680 --> 00:01:33,640 say I'm surprised, but we've, we've managed to nail it first 30 00:01:33,640 --> 00:01:35,440 time. Touch wood, Touch wood. 31 00:01:35,920 --> 00:01:38,800 I think we're doing OK. We've got the video rolling, 32 00:01:39,320 --> 00:01:42,280 we've got the the the audio on the space is rolling. 33 00:01:42,280 --> 00:01:45,280 So I think we're OK. We'll get that stream pushed out 34 00:01:45,280 --> 00:01:47,000 here in a minute. To those of you who want to see 35 00:01:47,000 --> 00:01:50,920 our bright and shiny faces, folks, what are we talking about 36 00:01:50,960 --> 00:01:53,000 on this special episode of the Foamer Hour? 37 00:01:53,000 --> 00:01:54,840 We're going to start with the quick market report. 38 00:01:55,320 --> 00:01:56,800 We got to talk about this crypto bill. 39 00:01:56,800 --> 00:01:59,600 This was the single biggest story in the entire space 40 00:01:59,600 --> 00:02:01,400 yesterday. Everyone was celebrating across 41 00:02:01,400 --> 00:02:03,280 the timeline. We're going to talk state of 42 00:02:03,280 --> 00:02:04,840 NFTS. We haven't been talking to NFTS 43 00:02:04,840 --> 00:02:07,960 really at all, and probably rightfully so, but we're going 44 00:02:07,960 --> 00:02:10,479 to do 1520 minutes on the state of NM TS. 45 00:02:10,479 --> 00:02:13,040 Just how bad is it? We're going to talk about Blast 46 00:02:13,040 --> 00:02:15,640 with Mr. Blast. People have called him Blast. 47 00:02:15,640 --> 00:02:19,120 That's no one's reporting more closely on this than than Sam. 48 00:02:19,360 --> 00:02:21,680 And then we'll end the show with a little bit of talk about Meme 49 00:02:21,680 --> 00:02:26,800 Land, Pixelmon, and more. But before we jump in, do you 50 00:02:26,800 --> 00:02:29,840 want to give out a special shout out to our sponsors? 51 00:02:29,840 --> 00:02:35,960 So our monthly partners here for this month, Moonpay and Fairside 52 00:02:37,640 --> 00:02:39,880 Sims. We've been partnering with these 53 00:02:39,880 --> 00:02:43,360 folks for a while. Let's get this, you know for the 54 00:02:43,360 --> 00:02:46,920 shout out here this morning to buy and sell crypto with PayPal, 55 00:02:46,920 --> 00:02:51,320 make sure you download that moon pay app and then fair side, of 56 00:02:51,320 --> 00:02:56,680 course, fair side network on X wallet coverage for drains scams 57 00:02:56,760 --> 00:02:59,800 and more Shout out to both of them. 58 00:02:59,960 --> 00:03:03,200 All right, we're going to get into it here with with Sam in 59 00:03:03,200 --> 00:03:04,960 just a minute. I'll start us out with just a 60 00:03:04,960 --> 00:03:08,240 quick market report here. So so in summary, the big things 61 00:03:08,240 --> 00:03:12,880 I'm looking at crypto majors are chopping ahead of the ETS. 62 00:03:13,040 --> 00:03:17,240 The decision day is today. It looks like ETH well, ETH was 63 00:03:17,240 --> 00:03:19,520 leading. We saw ETH Touch 3950 here this 64 00:03:19,520 --> 00:03:21,040 morning. It has since dipped. 65 00:03:21,040 --> 00:03:25,760 Everything has dipped a bit here in the last 30 minutes or so. 66 00:03:25,880 --> 00:03:30,480 We've got CNBC talking about Solana calling it big three and 67 00:03:30,480 --> 00:03:33,840 then asking is an ETF coming for Solana next? 68 00:03:33,840 --> 00:03:36,920 So that was interesting. We got meme coins pumping across 69 00:03:36,920 --> 00:03:41,600 chains, Pepe leading the way close to $6 billion for Pepe. 70 00:03:41,600 --> 00:03:44,920 That's almost double what with is, so it is clearly leading. 71 00:03:45,080 --> 00:03:48,040 We've got NVIDIA crushing earnings in Tradfi. 72 00:03:48,400 --> 00:03:49,720 They announced the 10 for one split. 73 00:03:49,720 --> 00:03:53,160 The stock's over 1000 bucks. It's 2 1/2 trillion dollars in 74 00:03:53,160 --> 00:03:56,720 market cap basically even with the entire crypto sector. 75 00:03:56,720 --> 00:04:00,480 So thought that was notable and NF TS mostly chopping across 76 00:04:00,480 --> 00:04:02,120 chains. We've got meta mass talking 77 00:04:02,120 --> 00:04:06,560 about adding Bitcoin. Pixelmon announced its tge event 78 00:04:06,560 --> 00:04:08,400 and fancy top added a couple new tourneys. 79 00:04:08,400 --> 00:04:12,760 So that's a quick rundown of the the biggest headlines that I'm 80 00:04:12,760 --> 00:04:15,960 watching. I I want to just briefly get 81 00:04:15,960 --> 00:04:19,640 into the top story of yesterday. This fit 21 bill and I'm curious 82 00:04:19,640 --> 00:04:22,680 for your thoughts on this, Sam, I'll give us just a quick intro 83 00:04:23,560 --> 00:04:25,320 from the newsletter. I did cover it this morning in 84 00:04:25,320 --> 00:04:27,680 the morning minute. Go subscribe to that if you 85 00:04:27,680 --> 00:04:30,080 haven't already. But folks, basically the story 86 00:04:30,080 --> 00:04:32,160 here, the US House of Representatives, they did 87 00:04:32,160 --> 00:04:38,320 approve the crypto Fit 21 bill with a resounding 279 to 136 88 00:04:38,320 --> 00:04:41,320 votes. So bipartisan, huge majority on 89 00:04:41,320 --> 00:04:42,680 this. The, the bill itself, if you're 90 00:04:42,680 --> 00:04:45,600 not familiar, it's going to establish a team to regulate the 91 00:04:45,760 --> 00:04:48,120 US crypto markets and consumer protections. 92 00:04:48,120 --> 00:04:51,200 It's going to define responsibilities between the SEC 93 00:04:51,360 --> 00:04:54,840 and the CFTC as the new late leading regulator of digital 94 00:04:54,840 --> 00:04:56,280 assets. It's going to more clearly 95 00:04:56,280 --> 00:05:00,400 define whether a crypto token is a security or commodity. 96 00:05:00,680 --> 00:05:02,600 And then it's going to require digital asset developers to 97 00:05:02,600 --> 00:05:05,160 provide some disclosures and informations about the projects. 98 00:05:05,360 --> 00:05:11,520 Similar for exchanges as well. I had a phone call there. 99 00:05:11,520 --> 00:05:13,240 Apologies for those of you on the spaces. 100 00:05:13,480 --> 00:05:17,000 The the bill passing is already considered to be the biggest win 101 00:05:17,120 --> 00:05:19,640 ever for crypto policy in the United States. 102 00:05:19,960 --> 00:05:22,640 This is the first time a major crypto bill has passed in 103 00:05:22,640 --> 00:05:24,120 Congress. Many are celebrating. 104 00:05:24,120 --> 00:05:26,600 I'm going to read a couple quotes here, Brian Armstrong, 105 00:05:26,600 --> 00:05:29,800 CEO of Coinbase. This is a resounding win in the 106 00:05:29,800 --> 00:05:32,880 house for clear crypto rules and a complete rejection of the 107 00:05:32,880 --> 00:05:35,320 nonsense being spouted by those who tried to kill this 108 00:05:35,320 --> 00:05:37,960 technology. Voters will not forget sensible 109 00:05:37,960 --> 00:05:40,160 regulation of crypto. Just took a big step forward. 110 00:05:40,160 --> 00:05:44,920 Next step is the Senate then totally Co founder of Solana. 111 00:05:44,920 --> 00:05:47,840 He weighed in. I am so bullish on the USA right 112 00:05:47,840 --> 00:05:49,760 now. Bills don't have to be perfect. 113 00:05:50,080 --> 00:05:53,240 Don't let perfect be the enemy of the good. 114 00:05:53,560 --> 00:05:56,440 Pass, iterate, accelerate everything. 115 00:05:56,880 --> 00:05:59,720 We also saw Chris Dixon at a 16 ZI think he weighed in with a 116 00:05:59,720 --> 00:06:02,000 fairly balanced take here. It's an important step in 117 00:06:02,000 --> 00:06:04,600 providing long-awaited regulatory clarity for crypto, 118 00:06:04,600 --> 00:06:08,200 protecting US consumers and promoting American innovation. 119 00:06:08,200 --> 00:06:11,880 It's also a big step for holding bad actors accountable, which is 120 00:06:11,880 --> 00:06:15,560 good for everyone. So some some pretty positive 121 00:06:15,560 --> 00:06:18,360 notes from some serious thought leaders and builders in the 122 00:06:18,360 --> 00:06:20,480 space. I think to cap it all off, we 123 00:06:20,480 --> 00:06:23,440 saw the Biden administration put out a statement that it's going 124 00:06:23,440 --> 00:06:27,000 to work with Congress to create a balanced regulatory framework 125 00:06:27,040 --> 00:06:30,400 for digital assets as well. So it just seems like a huge day 126 00:06:30,680 --> 00:06:34,280 across the board, one of the biggest wins in Washington that 127 00:06:34,280 --> 00:06:36,960 we've seen. I'll, I'll pause, Sam, any 128 00:06:36,960 --> 00:06:39,440 reactions to this? Any, any chatter in your 129 00:06:39,440 --> 00:06:40,120 circles? How? 130 00:06:40,120 --> 00:06:41,560 How are folks receiving the news here? 131 00:06:42,440 --> 00:06:45,040 I mean, I just, I, I guess I just iterate every or reiterate 132 00:06:45,040 --> 00:06:47,920 everything that was said. I think one, it, it feels like 133 00:06:48,000 --> 00:06:50,840 crypto is just kind of having this happens in American 134 00:06:50,840 --> 00:06:55,280 politics sometimes where, where something starts controversial 135 00:06:55,280 --> 00:06:58,440 and then just kind of moves towards the opponents realizing 136 00:06:58,480 --> 00:07:01,480 this is not worth our energy. This is not something we really 137 00:07:01,480 --> 00:07:03,120 want to fight against. And then everything shifts. 138 00:07:03,520 --> 00:07:06,080 I, I think we saw it a little bit in marijuana legislation, 139 00:07:06,240 --> 00:07:08,760 you know, and that's good too. I mean, one issue what happened 140 00:07:08,760 --> 00:07:11,680 was gay marriage, like in gay marriage in 2008, Obama ran on a 141 00:07:11,680 --> 00:07:13,520 platform of not allowing gay marriage. 142 00:07:13,520 --> 00:07:16,360 And suddenly it just became a consensus kind of bipartisan 143 00:07:16,360 --> 00:07:18,280 thing for a while. You know, like sometimes 144 00:07:18,280 --> 00:07:20,160 American politics just have big shifts. 145 00:07:20,360 --> 00:07:22,480 And I think that that's what's happening right now with crypto, 146 00:07:22,480 --> 00:07:25,480 where the opponents are realizing this is not a good use 147 00:07:25,480 --> 00:07:28,800 of our energy. And the proponents are very, I 148 00:07:28,800 --> 00:07:31,280 mean about it. So it's just I, you know, I, I 149 00:07:31,280 --> 00:07:33,880 think the, the people who oppose it have other things to worry 150 00:07:33,880 --> 00:07:36,640 about that that are, that are more important than this one. 151 00:07:36,640 --> 00:07:39,120 So I, I, I don't know, I think it, it feels like the tide has 152 00:07:39,400 --> 00:07:41,360 really, really turned over the past week. 153 00:07:41,680 --> 00:07:45,000 A lot of it due to, you know, I, I think it all kicked off with 154 00:07:45,000 --> 00:07:48,320 the D Gods guy with Malcolm, a friend of mine, Malcolm asking 155 00:07:48,320 --> 00:07:50,880 Donald Trump, will you accept donations in currency and crypto 156 00:07:51,160 --> 00:07:55,480 over time, like it just became clear that this was something 157 00:07:55,480 --> 00:07:58,080 Trump thought he could kind of have a big leg up on. 158 00:07:58,080 --> 00:08:01,280 And then Biden's like, is this where I really want to lose on 159 00:08:01,280 --> 00:08:03,320 opposing crypto? So that's one view. 160 00:08:03,600 --> 00:08:06,120 And then the second thing is kind of exactly what Chris Dixon 161 00:08:06,120 --> 00:08:09,760 said is like this. Maybe I think a lot of crypto 162 00:08:09,760 --> 00:08:12,800 currencies kind of do look a little bit like like stocks 163 00:08:12,840 --> 00:08:14,280 there. I think there are somewhere that 164 00:08:14,280 --> 00:08:18,360 is the case, but that framework of forcing them in that in that 165 00:08:18,800 --> 00:08:23,080 in that category wasn't working. It's been failing and the result 166 00:08:23,160 --> 00:08:26,440 is that, as Chris Dixon said, like there's no regulation to 167 00:08:26,440 --> 00:08:28,200 hold anyone accountable for anything. 168 00:08:28,440 --> 00:08:30,880 So I think the idea, OK, that's not working. 169 00:08:31,040 --> 00:08:33,440 Let's move forward. Let's figure out how to clamp 170 00:08:33,440 --> 00:08:36,520 down on scams, how to clap down on insider trading, how to clamp 171 00:08:36,520 --> 00:08:40,120 down on on pump and dump schemes that like probably aren't 172 00:08:40,120 --> 00:08:43,520 healthy for the consumer like and create some framework for it 173 00:08:43,520 --> 00:08:45,480 like this. This is kind of, to me, this 174 00:08:45,480 --> 00:08:47,440 feels like a bit of a step in that direction. 175 00:08:47,440 --> 00:08:49,520 So yeah, those are those are a bunch of thoughts. 176 00:08:49,920 --> 00:08:51,760 I think it's something that we've chatted about before, 177 00:08:51,760 --> 00:08:55,040 right? It's that like in crypto, like 178 00:08:55,040 --> 00:08:57,680 we celebrate the, the freedom aspect and the freedom aspect is 179 00:08:57,680 --> 00:09:00,240 huge. But I think for builders to move 180 00:09:00,240 --> 00:09:02,200 forward, you need to have these frameworks. 181 00:09:02,200 --> 00:09:04,960 And then also like with respect to the, the bad actors out 182 00:09:04,960 --> 00:09:07,840 there, like there's this, it's, it feels so unchecked. 183 00:09:08,200 --> 00:09:11,200 And now it feels like, and that's why I included the, the 184 00:09:11,200 --> 00:09:14,040 Chris Dixon comment. That's a big step for holding 185 00:09:14,040 --> 00:09:16,400 bad actors accountable. I think most folks, most 186 00:09:16,400 --> 00:09:18,600 reasonable folks, would applaud that, right? 187 00:09:18,960 --> 00:09:20,840 Yeah, at some level, you just need, you need some. 188 00:09:20,840 --> 00:09:24,480 I mean, you need some sort of framework if this is all gonna 189 00:09:24,480 --> 00:09:27,840 fit into like, like something that works for people. 190 00:09:28,200 --> 00:09:30,960 You know, Carly, Carly Riley's one of my favorite commentators 191 00:09:31,240 --> 00:09:33,280 and she's just always saying this like she's just saying the 192 00:09:33,280 --> 00:09:36,280 fact is like everyone's just guessing because there's no 193 00:09:36,280 --> 00:09:38,680 framework. And the black and white approach 194 00:09:38,680 --> 00:09:42,320 at the SEC took led to 0 progress towards any framework. 195 00:09:42,600 --> 00:09:46,400 You know, and hopefully this is like the start of something, you 196 00:09:46,440 --> 00:09:49,080 know, I clearly it's not going to be a free for all. 197 00:09:49,200 --> 00:09:51,320 And I think there are people who want that free for all, like for 198 00:09:51,320 --> 00:09:54,640 people and, and, and so for some people this isn't great, but I 199 00:09:54,640 --> 00:09:58,160 think by and large progress towards something that's kind of 200 00:09:58,160 --> 00:10:01,160 at least creating a bit more of a of a understood kind of 201 00:10:01,160 --> 00:10:05,080 framework is, is a good step. Now it hasn't passed, you know, 202 00:10:05,080 --> 00:10:07,280 that's the other piece, but. That is the other piece and a 203 00:10:07,280 --> 00:10:10,680 lot of folks are saying it's not going to pass, which is I'd be. 204 00:10:10,680 --> 00:10:13,720 Surprised about that. I mean, I, I'm not one to 205 00:10:13,720 --> 00:10:16,160 disagree with political consensus because I pay zero 206 00:10:16,160 --> 00:10:19,480 attention to politics ever. But how did 30% of Democrats 207 00:10:19,480 --> 00:10:22,520 kind of move over in in House and you're you're not going to 208 00:10:22,520 --> 00:10:24,760 get a couple in Senate that like that just feels a little bit 209 00:10:24,800 --> 00:10:26,800 off. Yeah, I feel like it's going to 210 00:10:26,800 --> 00:10:29,200 pass. And I've also seen it's become 211 00:10:29,200 --> 00:10:32,960 popular to be to not celebrate this and say that this is a bad 212 00:10:32,960 --> 00:10:35,600 step for crypto. And I saw a lot of takes about 213 00:10:35,600 --> 00:10:39,000 that, but I mean, I keep coming back to, I mean, what, what 214 00:10:39,000 --> 00:10:43,240 Tolley said, I, I feel like it's just so resounding in the fact 215 00:10:43,240 --> 00:10:46,120 that, yeah, like this bill is, is probably not perfect, but 216 00:10:46,120 --> 00:10:49,000 it's the first major crypto policy that's ever been approved 217 00:10:49,000 --> 00:10:51,600 or even really talked about in Washington. 218 00:10:51,680 --> 00:10:54,000 And it, it just, it's it's laying a foundation and then we 219 00:10:54,000 --> 00:10:56,680 can iterate and make it better. I I think it's hard to argue 220 00:10:56,680 --> 00:10:59,240 with that. On a lighter note, like, is Mack 221 00:10:59,240 --> 00:11:01,160 to God's just like a, a, a celebrity now? 222 00:11:01,160 --> 00:11:02,480 So like, have you been chatting with him? 223 00:11:02,480 --> 00:11:03,840 I didn't realize he was your friend. 224 00:11:04,840 --> 00:11:07,400 We kicked it at East Denver. He, he works very closely with 225 00:11:07,400 --> 00:11:09,880 Frank. So he, he and Frank were hanging 226 00:11:09,880 --> 00:11:13,600 in East Denver and we kicked it and I think, I think we got a 227 00:11:13,600 --> 00:11:15,560 telegram together. So I've, yeah, I've known him a 228 00:11:15,560 --> 00:11:18,320 little bit and he's, yeah, he's, he's definitely having a moment, 229 00:11:18,320 --> 00:11:21,160 that's for sure. The thing I'd say about people 230 00:11:21,160 --> 00:11:23,800 who say like that it's a bad thing like at the end of the 231 00:11:23,800 --> 00:11:26,640 day, crypto's gonna do crypto no matter what the rules are like 232 00:11:26,640 --> 00:11:30,000 that's one thing that is entirely clear is that this 233 00:11:30,000 --> 00:11:32,400 industry is going to March to its own drummer, which is why 234 00:11:32,760 --> 00:11:36,960 historically like I think the ETH NFT news is almost like and 235 00:11:36,960 --> 00:11:40,600 it I'm sorry, the ETH, the ETF news, it looks like chop chop 236 00:11:40,600 --> 00:11:41,680 kicks in. The comments said it was 237 00:11:41,680 --> 00:11:46,800 postponed, but like, you know, I, I almost feel that's a bigger 238 00:11:46,800 --> 00:11:50,480 deal than this bill because it looks like I don't get too 239 00:11:50,760 --> 00:11:54,400 downtrodden when politics work against crypto, like crypto 240 00:11:54,400 --> 00:11:56,760 finds a way to happen regardless. 241 00:11:57,720 --> 00:12:00,520 And I don't think politics can sway it too far in either 242 00:12:00,520 --> 00:12:03,280 direction because this industry just kind of marches on and it's 243 00:12:03,280 --> 00:12:05,560 bigger than politics. You know, Uber, when I worked in 244 00:12:05,560 --> 00:12:08,160 Uber for eight years, it was the exact same way. 245 00:12:08,760 --> 00:12:10,640 And it still is that way in a lot of countries where it's 246 00:12:10,640 --> 00:12:12,720 illegal, but it is a massive business. 247 00:12:13,760 --> 00:12:17,160 So I, I don't but, but at the same time, you know, I, I, I 248 00:12:17,160 --> 00:12:19,360 don't think, I think it's hard to say this is going to be worse 249 00:12:19,360 --> 00:12:21,520 than the Sasquo. And yeah, it's not going to be a 250 00:12:21,520 --> 00:12:23,040 free for all. But I think at at least 251 00:12:23,040 --> 00:12:26,400 providing some framework where you don't have this environment 252 00:12:26,400 --> 00:12:28,880 where founders are moving to London if they want to launch a 253 00:12:28,880 --> 00:12:31,400 token like, yeah, I think that's probably a good thing. 254 00:12:32,520 --> 00:12:34,560 Yeah, I think crypto is bigger than the United States, but the 255 00:12:34,680 --> 00:12:37,440 US, the folks in the United States are playing a huge role. 256 00:12:37,440 --> 00:12:39,120 And I think that's can't be argued. 257 00:12:39,120 --> 00:12:42,800 Sims, you know, curious for your for your thoughts, you know, a, 258 00:12:42,960 --> 00:12:46,080 like looking at what America is doing from the outside here or, 259 00:12:46,080 --> 00:12:47,720 or B, did we get the breaking news? 260 00:12:47,720 --> 00:12:50,320 Is the ETF postponed? Did that just come across? 261 00:12:50,880 --> 00:12:53,200 I'm I'm looking heavily at it. I don't see it. 262 00:12:53,200 --> 00:12:55,680 I did see it in the chat, but I've not seen it anywhere else. 263 00:12:55,680 --> 00:12:58,040 Like I'm checking all the main ones that usually report on this 264 00:12:58,040 --> 00:12:59,640 and I don't see the instant report. 265 00:12:59,640 --> 00:13:02,840 But BTC did shit itself a little bit. 266 00:13:02,880 --> 00:13:08,760 But we are, you know, ETH still looks to be trading above 3800 267 00:13:08,760 --> 00:13:10,800 like we were always due a bit of a cool off anyway. 268 00:13:10,840 --> 00:13:12,120 We can't always have opponent late. 269 00:13:12,120 --> 00:13:15,600 At the end of the day, I'm not seeing any final decision and 270 00:13:15,600 --> 00:13:17,560 I'm looking at the main places where it would be. 271 00:13:18,200 --> 00:13:22,280 But to answer your question, yes, look, America does play a 272 00:13:22,280 --> 00:13:23,960 huge part and a huge role in all this. 273 00:13:24,880 --> 00:13:27,800 I, I often have the, the comment of Euro post thrown at me plenty 274 00:13:27,800 --> 00:13:30,760 of times on the morning when things get up and do start to 275 00:13:30,760 --> 00:13:33,560 dump. It's, it's kind of still been 276 00:13:33,560 --> 00:13:36,400 the Wild West, right? We do need legislation, we do 277 00:13:36,400 --> 00:13:39,160 need regulation. You will always have this side 278 00:13:39,160 --> 00:13:42,560 that wants full freedom, freedom to transact, freedom to do 279 00:13:42,560 --> 00:13:45,600 whatever we want. But at the end of the day, if we 280 00:13:45,600 --> 00:13:47,800 want to go to that and it's kind of just mirroring you guys. 281 00:13:47,800 --> 00:13:50,400 But if we want to move to that next stage, if we want to bring 282 00:13:50,400 --> 00:13:55,200 in that industry wide level and, and be something that is open to 283 00:13:55,200 --> 00:13:58,360 everybody, there has to be means and ways and staircases to do 284 00:13:58,360 --> 00:14:00,000 that right? And to put those procedures in 285 00:14:00,000 --> 00:14:04,080 places we need something like this first we need to be able to 286 00:14:04,080 --> 00:14:06,280 the FC CS just been playing cowboy and doing whatever they 287 00:14:06,280 --> 00:14:08,720 want right there. There's been no direction. 288 00:14:08,800 --> 00:14:12,160 Gary's an idiot. Everything just it, it feels 289 00:14:12,160 --> 00:14:16,640 more like a self self opinion rather than the opinion of 290 00:14:16,640 --> 00:14:19,440 looking after the the general US person, which is what their job 291 00:14:19,440 --> 00:14:21,320 is to do with the FCC. They're there to look after 292 00:14:21,560 --> 00:14:24,120 people's interests. I don't think that's what it is. 293 00:14:24,360 --> 00:14:26,280 Gary's just been out an all out war for himself. 294 00:14:26,840 --> 00:14:29,200 So this is the big step. If these changes can come in, 295 00:14:29,200 --> 00:14:32,000 it's good for everybody, especially getting more people 296 00:14:32,440 --> 00:14:37,200 easily and more accessibly involved in crypto, then that 297 00:14:37,200 --> 00:14:41,480 should be the end goal of this. Also, Tyler, I wasn't saying 298 00:14:41,480 --> 00:14:43,560 that the US is important. The US is tremendously 299 00:14:43,560 --> 00:14:46,360 important, but, but even in the absence of a lot of this stuff 300 00:14:46,360 --> 00:14:49,440 being quote, UN quote, or, you know, kind of being positioned 301 00:14:49,440 --> 00:14:51,680 as securities and whatnot, like the US is huge. 302 00:14:51,720 --> 00:14:54,280 You know, people just use VPNs where they need to and do what 303 00:14:54,280 --> 00:14:55,920 they have to do. That was more my point. 304 00:14:55,920 --> 00:14:57,720 It's, it's not that the US doesn't matter, it's that 305 00:14:57,920 --> 00:15:00,520 regardless of what the rules are, like people find a way to 306 00:15:00,520 --> 00:15:02,280 be involved in the space no matter what. 307 00:15:02,320 --> 00:15:06,200 So it's, you know, they, you know, I, I always think of Uber 308 00:15:06,200 --> 00:15:08,040 'cause I, you know, I got arrested twice when I worked at 309 00:15:08,040 --> 00:15:09,240 Uber. Uber is still illegal in Hong 310 00:15:09,240 --> 00:15:11,960 Kong and that business is massive. 311 00:15:12,200 --> 00:15:14,960 You know, there's a difference between legality and 312 00:15:14,960 --> 00:15:17,280 enforcement. Yeah, totally agree. 313 00:15:17,800 --> 00:15:20,960 I do think it's harder to see the path to a $10 trillion 314 00:15:20,960 --> 00:15:27,120 industry without, you know, more of a push in in the US But you 315 00:15:27,120 --> 00:15:28,720 know, I think we're all in agreement. 316 00:15:28,720 --> 00:15:30,760 Huge news. We will continue to track this, 317 00:15:30,920 --> 00:15:35,320 the ETFs here if that is actually being postponed or not. 318 00:15:35,320 --> 00:15:37,360 I think a lot of folks have called for potential 319 00:15:37,360 --> 00:15:39,280 postponement. It seems like it's a done the 320 00:15:39,280 --> 00:15:42,560 other gun together. Is it going to happen today or 321 00:15:42,680 --> 00:15:44,640 did they have time? They were rushing to get the 322 00:15:44,640 --> 00:15:46,000 paperwork out. The fact that they were all 323 00:15:46,000 --> 00:15:47,880 doing the paperwork and seemingly working around the 324 00:15:47,880 --> 00:15:49,800 clock. I took as a signal that it was a 325 00:15:49,800 --> 00:15:52,280 done deal. But but we will certainly see 326 00:15:52,280 --> 00:15:54,840 and if that news breaks, we will certainly report on it. 327 00:15:55,160 --> 00:15:57,680 I I do want to shift gears. I want to talk state of NMTS. 328 00:15:57,680 --> 00:16:01,720 We haven't talked to NMTS really much at all and I'm going to try 329 00:16:01,720 --> 00:16:03,880 to fire up my my screen share here. 330 00:16:04,360 --> 00:16:09,240 This is this is going to be first time on on four more hour. 331 00:16:09,240 --> 00:16:16,520 Let's let's let's try this. There we go. 332 00:16:16,520 --> 00:16:18,640 All right, it's not it's not cooperating. 333 00:16:18,760 --> 00:16:19,880 So we're just going to chat through it. 334 00:16:19,880 --> 00:16:24,680 I, I posted a thread last week, Sam state of NFTS where I kind 335 00:16:24,680 --> 00:16:28,680 of went across the around the horn, I talked ETH, Bitcoin, 336 00:16:28,920 --> 00:16:32,360 Solana and Blast and gave them a health rating, talked about 337 00:16:32,360 --> 00:16:35,640 momentum. But in, in general, I think my, 338 00:16:35,760 --> 00:16:39,680 my final like overarching thesis is that it's opportunity cost is 339 00:16:39,680 --> 00:16:45,280 just too large right now for folks to deploy into NFTS and 340 00:16:45,280 --> 00:16:48,200 that I think we're going to continue to effectively chop 341 00:16:48,200 --> 00:16:51,320 consolidate until the next major catalyst comes. 342 00:16:51,320 --> 00:16:54,280 And then I did list out what I thought, what could be some 343 00:16:54,280 --> 00:16:56,680 potential catalyst. I'm curious for your thoughts, 344 00:16:56,680 --> 00:17:02,360 high level, what you know is happening, why aren't we seeing 345 00:17:02,360 --> 00:17:04,079 movement? And then we can go into more 346 00:17:04,079 --> 00:17:06,119 specifics in in each of these different blockchains. 347 00:17:09,119 --> 00:17:13,119 Man, I mean, they're just such FOMO driven momentum assets, 348 00:17:13,119 --> 00:17:16,720 right? So once you start seeing things 349 00:17:16,760 --> 00:17:20,520 like supply pick up once, you know, I mean, it's been, it's 350 00:17:20,520 --> 00:17:24,520 been down only broadly speaking in NFTS with like a couple 351 00:17:24,520 --> 00:17:27,480 exceptions, you know, obviously pudgy Penguins, obviously 352 00:17:27,480 --> 00:17:30,000 Milady's been, you know, relatively strong, But aside 353 00:17:30,000 --> 00:17:32,600 from those, it has been down only for 15 months. 354 00:17:32,880 --> 00:17:36,640 I think there's so much supply that's concentrated still, you 355 00:17:36,640 --> 00:17:38,680 know, from AirDrop farmers on, on blur. 356 00:17:38,920 --> 00:17:41,640 Like, I just don't feel like there's any feeling, at least on 357 00:17:41,640 --> 00:17:46,160 the ETH blur ecosystem, like these are NFTS that you have to 358 00:17:46,160 --> 00:17:47,680 own. I, I, I think if you look at 359 00:17:47,800 --> 00:17:50,280 Solana, you know, Solana had a ton. 360 00:17:50,280 --> 00:17:53,880 I mean, Solana was entirely dominated by tensor farming and 361 00:17:53,880 --> 00:17:56,480 what ends up happening when you when like the tensor farmers or 362 00:17:56,480 --> 00:18:00,800 any farmers dominate the entire transaction flow and are going 363 00:18:00,800 --> 00:18:04,080 after token as opposed to NF TS is supply shifts hands to a 364 00:18:04,080 --> 00:18:05,000 bunch of people who don't want it. 365 00:18:05,000 --> 00:18:08,120 And it like, and we're just in like, I think a three month law 366 00:18:08,120 --> 00:18:11,240 after of all those people who ended up with a lot of supply 367 00:18:11,240 --> 00:18:14,200 who are like, OK, well, I got my token and I, I feel like for 368 00:18:14,200 --> 00:18:17,640 whatever reason, the tensor AirDrop like did not do the 369 00:18:17,640 --> 00:18:20,800 intended effect of getting people more amped about farming 370 00:18:20,960 --> 00:18:22,200 and being involved in that ecosystem. 371 00:18:22,200 --> 00:18:25,480 So all the main players like I have been exiting and just, it's 372 00:18:25,480 --> 00:18:28,040 been an absolute bloodbath over in Solana. 373 00:18:28,880 --> 00:18:31,080 But then you have other stuff where there's no farmers, you 374 00:18:31,080 --> 00:18:33,400 know, you have like like the art blocks market, you know, we saw 375 00:18:33,560 --> 00:18:38,120 Fidenza sales and of course Ordinals and you know, it's just 376 00:18:38,120 --> 00:18:40,600 very low momentum right now. It's just things are going in 377 00:18:40,600 --> 00:18:42,520 the wrong direction. People want to use their money 378 00:18:42,520 --> 00:18:43,960 elsewhere. I don't think it's about 379 00:18:43,960 --> 00:18:45,600 opportunity cost. I think it's about the fact that 380 00:18:45,600 --> 00:18:50,320 the price is going down, Yeah. It's like the opportunity cost 381 00:18:50,320 --> 00:18:53,080 would be nothing if the opportunity cost didn't matter. 382 00:18:53,320 --> 00:18:55,600 During E Denver, when node monkeys were going from .3 to 383 00:18:55,600 --> 00:18:59,120 .9, farming was big, then meme points were big, then no one was 384 00:18:59,120 --> 00:19:01,840 talking about opportunity costs. You just had momentum and this 385 00:19:01,840 --> 00:19:06,320 is just a momentum asset. When that stuff reverts, people 386 00:19:06,320 --> 00:19:08,680 are very slow to want to get back involved. 387 00:19:08,680 --> 00:19:11,400 So it's I don't know if that's a boring answer. 388 00:19:11,400 --> 00:19:14,600 Just like the moment it's it's a momentum based FOMO based asset. 389 00:19:14,880 --> 00:19:19,640 And when you start seeing supply accrue, you know, people FOMO 390 00:19:19,640 --> 00:19:21,320 goes very low and people back away. 391 00:19:22,920 --> 00:19:23,960 So. So let's get into that. 392 00:19:23,960 --> 00:19:28,040 So like, what could be the catalyst to bring FOMO back? 393 00:19:28,440 --> 00:19:31,200 Do you feel like, I guess a big one that I'm calling out is the 394 00:19:31,200 --> 00:19:33,960 potential end of blur farming? Hey, I'm curious, do you think 395 00:19:33,960 --> 00:19:37,720 blur farming will actually end on June 26th? 396 00:19:38,360 --> 00:19:40,080 And then Part B in that question, do you think that 397 00:19:40,080 --> 00:19:43,680 would actually be a catalyst? I don't think it'd be a positive 398 00:19:43,760 --> 00:19:46,040 gas. I I just like at the end of 399 00:19:46,040 --> 00:19:48,720 Tensor wasn't I always say, you know, all this AirDrop farming 400 00:19:48,720 --> 00:19:51,760 that's happened is like drugs like it's not good. 401 00:19:51,800 --> 00:19:55,360 It's not healthy for anybody. But it's also hard to to 402 00:19:55,360 --> 00:19:58,480 withdraw, you know, because you get so unique because you have 403 00:19:58,480 --> 00:20:01,680 so much supply that gets like transferred to the farmers and 404 00:20:01,680 --> 00:20:03,680 they're still passing it back and forth like they're still 405 00:20:03,680 --> 00:20:05,000 bidding and dumping on each other. 406 00:20:05,200 --> 00:20:07,720 So it's not like, you know, so you kind of get these grinds 407 00:20:07,720 --> 00:20:10,640 lower, but that all evaporates the minute this ends. 408 00:20:10,800 --> 00:20:13,760 And I don't know who's you know. I don't know who's going to pick 409 00:20:13,760 --> 00:20:15,640 it up. And I think also I think a lot 410 00:20:15,640 --> 00:20:17,640 of these brands just aren't in the best shape. 411 00:20:17,640 --> 00:20:20,680 I you know, a lot of the utility of NF TS is price go up. 412 00:20:20,880 --> 00:20:24,600 So when that reverse, when that reverses, when it it loses its 413 00:20:24,600 --> 00:20:26,720 cool factor, it loses its status symbol. 414 00:20:26,720 --> 00:20:30,160 It loses like the pride people have in wearing it as their PFP. 415 00:20:30,160 --> 00:20:34,240 So a lot of the benefits you get when NFTS are going up, like 416 00:20:34,280 --> 00:20:37,120 once they go down, you know, this is kind of the definition 417 00:20:37,120 --> 00:20:40,360 of a vetbling good. So I, I don't know if the end. 418 00:20:40,400 --> 00:20:43,680 I, I would think that, like I said, I like I said, I think I 419 00:20:43,680 --> 00:20:45,920 think of like someone withdrawing from drugs, like it 420 00:20:45,920 --> 00:20:48,080 ain't easy. Even when it's over, it's you 421 00:20:48,080 --> 00:20:51,200 know, so it kind of gives you a chance to reset and restart. 422 00:20:51,440 --> 00:20:53,440 But I think a lot of these brands are going to have a hard 423 00:20:53,440 --> 00:20:55,760 time bouncing back. So it's hard to say. 424 00:20:55,760 --> 00:20:58,720 I think, you know, maybe we need some new projects and maybe we 425 00:20:58,720 --> 00:21:01,720 just need time to pass and kind of something to work and, and, 426 00:21:01,720 --> 00:21:04,440 and the FOMO to come back. But you know, yeah, it's, it's 427 00:21:04,440 --> 00:21:07,680 it's hard to say. Which phrase do you think are 428 00:21:07,680 --> 00:21:10,080 are holding up the the best? And let's put punks aside 429 00:21:10,080 --> 00:21:12,680 because I do want to talk about punks here in a minute. 430 00:21:12,920 --> 00:21:15,800 I guess I'll, I'll go 1st and like this is I don't really have 431 00:21:15,800 --> 00:21:17,520 huge bag bias. I've got one pudgy Penguin. 432 00:21:17,520 --> 00:21:21,000 It it's my PFP. What I will say is like, if you 433 00:21:21,000 --> 00:21:24,640 if you do the network map of people in different sectors in 434 00:21:24,640 --> 00:21:27,480 crypto who are rocking pudgy Penguin PFPSI think it's 435 00:21:27,480 --> 00:21:29,800 probably the biggest who's who list. 436 00:21:30,960 --> 00:21:33,280 Perhaps punks is maybe above that. 437 00:21:33,280 --> 00:21:36,760 I don't even know. So I when I look at that, that 438 00:21:36,920 --> 00:21:40,920 aspect of the pudgy brand, it feels it it still feels pretty 439 00:21:40,920 --> 00:21:44,200 strong and I think Azuki's probably still fairly strong 440 00:21:44,200 --> 00:21:45,520 there too. But like, I don't I don't want 441 00:21:45,520 --> 00:21:47,480 to lead you. I'm curious for your thoughts on 442 00:21:47,480 --> 00:21:49,320 the brands here. I know it's a little bit you 443 00:21:49,360 --> 00:21:52,320 know, of a of a special spot for you as you know working for meme 444 00:21:52,320 --> 00:21:54,320 land, but but curious for your take. 445 00:21:55,160 --> 00:21:58,040 No, I mean, I, I think meme lands kind of in a different 446 00:21:58,040 --> 00:22:01,000 category, to be honest. I I think with pudgy Penguins, 447 00:22:01,000 --> 00:22:04,200 yeah, I mean, pudgy Penguins are kind of still, I mean, if you 448 00:22:04,200 --> 00:22:06,320 exclude that run, they had to like 23 ETH. 449 00:22:06,600 --> 00:22:08,720 They're still kind of close to all time highs. 450 00:22:09,120 --> 00:22:11,880 You know, I mean, obviously take away the past six months where 451 00:22:11,880 --> 00:22:14,760 he went to 23 then Beth, but but they're doing very, very well. 452 00:22:15,160 --> 00:22:18,160 You know, obviously they're lower than Bourdais Bachlu, but 453 00:22:18,160 --> 00:22:21,640 Bourda Bachlu came from 150 ETH to 12 ETH, whereas pudgies were 454 00:22:21,640 --> 00:22:25,280 at like 5 ETH for most of blur season 2 and now they're at 11 455 00:22:25,280 --> 00:22:27,280 ETH. You know, and I think that there 456 00:22:27,280 --> 00:22:30,200 is a pride around that because they're the ones that are on the 457 00:22:30,200 --> 00:22:33,080 up and up, relatively speaking. I think that makes them a more 458 00:22:33,080 --> 00:22:35,400 positive status symbol. I think the timeline, broadly 459 00:22:35,400 --> 00:22:37,320 speaking, is very positive about pudgies. 460 00:22:37,320 --> 00:22:39,800 I think they're at the right point in that in that cycle. 461 00:22:40,000 --> 00:22:42,040 I think there's a sense that something's coming. 462 00:22:42,040 --> 00:22:43,800 You always feel like this team is working on something. 463 00:22:43,800 --> 00:22:46,560 They're good at keeping keeping that to themselves, but there's 464 00:22:46,560 --> 00:22:47,960 a feeling that something's coming. 465 00:22:47,960 --> 00:22:52,400 I always say that anticipation is the oxygen of NTS and I feel 466 00:22:52,400 --> 00:22:55,160 like with pudgies you have anticipation like so I think 467 00:22:55,160 --> 00:22:58,600 that pudgies kind of have everything going for them for 468 00:22:58,600 --> 00:23:01,480 where they are in this moment. The obvious other one is milady. 469 00:23:01,480 --> 00:23:05,080 I mean milady, you know, it's it's just very effectively 470 00:23:05,080 --> 00:23:07,680 creating the culture of what it does. 471 00:23:07,680 --> 00:23:10,760 Like it's creating something where the group as a whole has a 472 00:23:10,760 --> 00:23:13,120 ton of pride. They represent a certain culture 473 00:23:13,400 --> 00:23:15,280 and you know, and what are they like? 474 00:23:15,280 --> 00:23:18,560 You know, 6-7 thousand, I mean, probably 505,000 holders. 475 00:23:18,560 --> 00:23:22,320 You don't need tons of people to love your culture for that for 476 00:23:22,320 --> 00:23:24,200 it to be positive for prices. And I think there are enough 477 00:23:24,200 --> 00:23:26,680 people who really identify with the milady brand. 478 00:23:26,680 --> 00:23:29,080 And then there are also a lot of the big hitters in crypto and 479 00:23:29,200 --> 00:23:31,280 they're bringing air drops to to the collection. 480 00:23:31,480 --> 00:23:36,240 So that's that feels like the second one that that that kind 481 00:23:36,240 --> 00:23:38,920 of keeps the mojo going. Also check quirky quirky's is 482 00:23:38,920 --> 00:23:40,600 still above 1, even overall magic Een. 483 00:23:40,600 --> 00:23:43,200 I can't believe that one. But but yeah, who knew? 484 00:23:44,160 --> 00:23:45,480 I'm not. I'm not going to put quirkys in 485 00:23:45,480 --> 00:23:47,520 in in the bucket with those two. I think there are other like 486 00:23:47,520 --> 00:23:49,840 little pockets of culture that are thriving. 487 00:23:50,000 --> 00:23:52,640 But when I think of the big names, I have a harder time 488 00:23:52,640 --> 00:23:54,520 getting. I mean, Azuki has anticipation 489 00:23:54,520 --> 00:23:56,720 for sure. They've been very open about a 490 00:23:56,880 --> 00:23:58,800 token coming. And I think that that keeps that 491 00:23:58,800 --> 00:24:00,360 one doing pretty decently well also. 492 00:24:00,360 --> 00:24:02,800 But yeah. I'm surprised there has been 493 00:24:02,800 --> 00:24:06,200 more chatter around this Azuki token because we we do know that 494 00:24:06,200 --> 00:24:09,080 it's coming at the Pudgy token we all think is coming. 495 00:24:09,560 --> 00:24:12,600 But you know, there's also the huge camp to say that will 496 00:24:12,600 --> 00:24:14,760 scream that you're an idiot for, for even talking about it or 497 00:24:14,760 --> 00:24:17,080 thinking about it. Though it does seem like a 498 00:24:17,080 --> 00:24:20,320 preordained outcome, I do think that is a potential catalyst 499 00:24:20,320 --> 00:24:21,880 down the line. I have no idea when that's going 500 00:24:21,880 --> 00:24:24,440 to be. I think with pudgies, you just 501 00:24:24,440 --> 00:24:26,080 know they're cooking. Yeah, you can call, you know, 502 00:24:26,080 --> 00:24:27,160 it's like they're always cooking. 503 00:24:27,160 --> 00:24:30,920 You know, that team is not is not taking any time to take a 504 00:24:30,920 --> 00:24:33,680 breather and and you know, and something's coming. 505 00:24:33,680 --> 00:24:37,040 So I, I think that that's, I, I, I think that's something, I 506 00:24:37,040 --> 00:24:39,200 think that's certainly the sense I get from talking to folks. 507 00:24:39,880 --> 00:24:43,480 I think Izuki, it's just like, look like their last drop that 508 00:24:43,480 --> 00:24:45,760 everyone got so excited about ended up hurting a lot of 509 00:24:45,760 --> 00:24:47,640 people. So I just don't, yeah. 510 00:24:47,680 --> 00:24:48,840 And I think that they're going to have to. 511 00:24:48,840 --> 00:24:51,920 So I think they have to prove themselves here, you know, so I, 512 00:24:51,920 --> 00:24:54,880 I, I think that people are kind of like we, we got hurt last 513 00:24:54,880 --> 00:24:56,600 time. A lot of whales spent a lot of 514 00:24:56,600 --> 00:24:59,320 money in elementals and, you know, went below mint price 515 00:24:59,320 --> 00:25:02,320 pretty quickly. I think broadly speaking, it 516 00:25:02,320 --> 00:25:05,240 wasn't as great of a brand event, but look for there's 517 00:25:05,240 --> 00:25:07,080 still a lot of people who love their Zuki's. 518 00:25:07,080 --> 00:25:09,560 Like it's still, I think the brand is still strong among 519 00:25:09,560 --> 00:25:12,560 their core holders, as you know. So I, I think they have a lot of 520 00:25:12,560 --> 00:25:15,080 good things going and that's, I think that that kind of pro and 521 00:25:15,080 --> 00:25:17,440 con is why they're kind of kicking it in this like 5 eighth 522 00:25:17,440 --> 00:25:20,240 range, which for this market is nothing to scoff at. 523 00:25:21,040 --> 00:25:23,080 Yeah, it's pretty damn good. And I, I feel like we're 524 00:25:23,080 --> 00:25:24,480 starting to forget about elementals. 525 00:25:24,960 --> 00:25:28,400 Like I, I, I forget that the, the cash grab the elementals was 526 00:25:28,520 --> 00:25:31,720 and the, the massive damage it it did to like the entire market 527 00:25:31,720 --> 00:25:34,960 at at that point in time. And it's hard to state, but I 528 00:25:34,960 --> 00:25:36,640 guess the only thing that's going to heal that is time. 529 00:25:36,680 --> 00:25:37,800 And guess what? Like what? 530 00:25:37,800 --> 00:25:41,040 We're almost we're nine, nine months out now, maybe close to 531 00:25:41,120 --> 00:25:44,480 10. I think the big thing that's 532 00:25:44,480 --> 00:25:46,920 going to hold it is like this token going well or that's going 533 00:25:46,920 --> 00:25:48,960 to that's going to heal it. You know, time can can do so 534 00:25:48,960 --> 00:25:49,800 much. I think right now there's a 535 00:25:49,800 --> 00:25:52,960 little bit of like, you know, I remember so well, you know, 536 00:25:52,960 --> 00:25:57,400 March to June of last year where everything was dumping like the 537 00:25:57,400 --> 00:25:59,760 market was, I mean, I was at proof at the time, like 538 00:25:59,760 --> 00:26:02,360 Moonbirds went from like 10:00 to like two like everything. 539 00:26:02,360 --> 00:26:04,640 And that's, we won't go into that shenanigan, but like, 540 00:26:05,280 --> 00:26:07,040 everything was getting absolutely crushed. 541 00:26:07,080 --> 00:26:10,320 And Azuki was going from 13 to 18, and it was all in 542 00:26:10,320 --> 00:26:12,840 anticipation of Vegas. Everyone was so pumped for Vegas 543 00:26:12,840 --> 00:26:13,640 and then Vegas. Yeah. 544 00:26:13,840 --> 00:26:16,000 So I do think that memory is still real. 545 00:26:16,000 --> 00:26:18,960 And I think the way that they are going to win everyone back 546 00:26:18,960 --> 00:26:21,520 is by doing what they're doing, by being consistent about what 547 00:26:21,520 --> 00:26:24,280 they're anticipating. And then whatever this token is, 548 00:26:24,280 --> 00:26:26,400 whatever it ends up being, for that to deliver. 549 00:26:27,160 --> 00:26:29,560 Yeah, and people love their their PBTS, their physical back. 550 00:26:29,560 --> 00:26:30,640 They're doing something on Bitcoin. 551 00:26:30,640 --> 00:26:34,080 So we'll see how that goes. We got to talk punks Longs was a 552 00:26:34,160 --> 00:26:35,520 huge story. I feel like it would have been 553 00:26:35,520 --> 00:26:39,000 the story of the week had it not been for this, the ETF 554 00:26:39,000 --> 00:26:42,240 bombshell. So back in the news after super 555 00:26:42,240 --> 00:26:43,760 punk world. We don't even necessarily need 556 00:26:43,760 --> 00:26:45,280 to get into that. We can if you want. 557 00:26:45,520 --> 00:26:47,000 I'm looking at the punk floor right now. 558 00:26:47,440 --> 00:26:52,400 It is 33.99 ETH that that certainly is down. 559 00:26:52,400 --> 00:26:55,720 It is trending down this year, but that but it's $130,000. 560 00:26:55,720 --> 00:26:59,440 So it's 130 thousand U.S. dollars to buy one of these 561 00:26:59,440 --> 00:27:00,960 things. And then if you look at the 562 00:27:00,960 --> 00:27:04,160 floor like it still feels thin ish like if you really are 563 00:27:04,160 --> 00:27:07,560 shopping for your forever punk, there's not a whole lot of 564 00:27:07,560 --> 00:27:10,520 options below 50 E. So that always that's something 565 00:27:10,520 --> 00:27:14,120 I check when I do look at the floors like how how good is the 566 00:27:14,120 --> 00:27:17,280 floor, though it seems like some better ones are starting to pop 567 00:27:17,280 --> 00:27:19,160 up. But I I posted this question. 568 00:27:19,160 --> 00:27:22,280 I'm curious for your your thoughts on it is who is the 569 00:27:22,280 --> 00:27:24,840 incremental buyer of of punks right now? 570 00:27:24,920 --> 00:27:29,320 And my my thoughts when I shared it were that the old guard has 571 00:27:29,320 --> 00:27:31,880 their punks already. And it doesn't seem like most of 572 00:27:31,880 --> 00:27:35,000 the old guard are adding to their punks bags right now. 573 00:27:35,040 --> 00:27:39,280 And the folks making money in 2024, which is, I mean, the 574 00:27:39,280 --> 00:27:42,600 reality is it's it's largely the milady culture and and and 575 00:27:42,600 --> 00:27:45,080 others as well. But the monies are a huge part 576 00:27:45,440 --> 00:27:49,000 like that cohort doesn't want punks and I'm not even sure like 577 00:27:49,000 --> 00:27:51,560 the the the the guys that I'm training with who aren't in the 578 00:27:51,560 --> 00:27:54,560 milady cohort, I'm not sure they want punks either. 579 00:27:54,560 --> 00:27:56,880 So I'm curious for your thoughts on who is the next buyer? 580 00:27:57,800 --> 00:27:59,760 I mean, I think the way that punks have always worked is 581 00:27:59,760 --> 00:28:01,800 that, you know, it's there's always a few sales a day, you 582 00:28:01,800 --> 00:28:04,760 know, you have somewhere between 3:00 and, you know, maybe 0 and 583 00:28:04,760 --> 00:28:06,640 15 sales a day. Like they're incremental. 584 00:28:06,640 --> 00:28:08,720 Like they're incremental sellers who are like, yeah, you know, 585 00:28:08,720 --> 00:28:11,880 I'm ready to, to get some get some ETH back and exchange for 586 00:28:11,880 --> 00:28:13,360 my punk. Then you have incremental buyer 587 00:28:13,360 --> 00:28:15,600 like you always just have a little bit of both. 588 00:28:15,880 --> 00:28:18,800 And I think that the Super World event, what you know, whatever 589 00:28:18,800 --> 00:28:22,360 it was that happened earlier this week, like just created an 590 00:28:22,360 --> 00:28:25,640 outsize number of sellers. And for this space, an outsize 591 00:28:25,640 --> 00:28:27,200 number of sellers, there's like 20 new people. 592 00:28:27,560 --> 00:28:30,080 Like that is more than the demand can handle on a normal 593 00:28:30,080 --> 00:28:31,440 basis. And then you start getting into 594 00:28:31,440 --> 00:28:34,880 the into the kind of momentum aspects where people are looking 595 00:28:34,880 --> 00:28:36,960 around being like, wait, more and more stuff's getting listed. 596 00:28:37,200 --> 00:28:39,160 I don't need to buy now. And I'd be like, things just 597 00:28:39,160 --> 00:28:41,720 grind lower in that environment. I mean, punks have been grinding 598 00:28:41,720 --> 00:28:44,320 lower for a couple years. Yeah, they've been very, very 599 00:28:44,320 --> 00:28:47,520 flat for for certain periods. But as far as who the 600 00:28:47,520 --> 00:28:50,280 incremental buyer is, you know, I do get, I don't get this for 601 00:28:50,280 --> 00:28:54,440 any other NFT, but I do get a few people, yeah, every month 602 00:28:54,480 --> 00:28:57,600 being like, hey, I want a punk. Like it's my goal to own a punk. 603 00:28:57,920 --> 00:29:01,040 And, you know, I've had three people talk to me about that in 604 00:29:01,040 --> 00:29:03,640 the past few weeks. Like, you know, which one do you 605 00:29:03,640 --> 00:29:06,080 like this one? So I think there I, I do think 606 00:29:06,080 --> 00:29:09,280 there are people out there who are like, you know, when I sail 607 00:29:09,280 --> 00:29:11,200 off in the sunset, I kind of want to have a punk with me. 608 00:29:11,360 --> 00:29:13,440 Like, that's not, you know, that's something I'm interested 609 00:29:13,440 --> 00:29:15,400 in owning. But none of those guys have any 610 00:29:15,400 --> 00:29:17,120 urgency. None of those, you know, and the 611 00:29:17,120 --> 00:29:20,520 only thing that I think would get them to buy is price going 612 00:29:20,520 --> 00:29:22,040 up. It's it's a bit of a chicken and 613 00:29:22,040 --> 00:29:24,040 egg thing. Like you start to buy when 614 00:29:24,040 --> 00:29:25,560 you're like, holy shit, it's getting away from me. 615 00:29:25,560 --> 00:29:27,320 I had this opportunity at 33 ETH. 616 00:29:27,320 --> 00:29:29,680 Now I can't buy them anymore. Fuck, I've always wanted to own 617 00:29:29,680 --> 00:29:30,720 a punk. I miss the opportunity. 618 00:29:30,720 --> 00:29:32,960 That's when people start to buy, you know, and that's the 619 00:29:33,040 --> 00:29:34,520 opposite of where we are right now. 620 00:29:34,760 --> 00:29:37,160 You know, there are there are people who talk a lot about how 621 00:29:37,600 --> 00:29:41,160 you know, well, punks have held this 100,000 U.S. dollar floor. 622 00:29:41,320 --> 00:29:44,320 I'm not a big believer myself in U.S. dollars as like the proxy. 623 00:29:44,320 --> 00:29:47,080 I think I think most people in this industry do think in terms 624 00:29:47,080 --> 00:29:49,640 of ETH. But from AUS dollar perspective, 625 00:29:49,640 --> 00:29:51,800 there is a certain thing where where the floor has been 626 00:29:51,800 --> 00:29:54,360 relatively stable. But as I said, that's never the 627 00:29:54,360 --> 00:29:56,280 way I personally look at it, but it's something I hear people 628 00:29:56,280 --> 00:29:56,720 talk about. It's. 629 00:29:57,240 --> 00:30:00,400 Funny, the FOMO factor is real. It's like I'm fortunate enough 630 00:30:00,400 --> 00:30:03,040 to to finally be in a position where I could buy a punk if I 631 00:30:03,040 --> 00:30:05,320 wanted right now. And I, I've chosen not to. 632 00:30:05,560 --> 00:30:08,440 But a part of that is because like I I'm not worried that the 633 00:30:08,440 --> 00:30:10,920 four is going to be 45 ETH next week. 634 00:30:11,920 --> 00:30:15,200 I don't think anyone is. If there was a circumstance 635 00:30:15,200 --> 00:30:18,160 where like that I thought that was a real reality, I think 636 00:30:18,160 --> 00:30:19,720 perhaps I would start thinking about it again. 637 00:30:20,640 --> 00:30:23,400 The the two things that I think could happen, like the two 638 00:30:23,400 --> 00:30:26,160 things I think would be positive for this let's go three. 639 00:30:26,160 --> 00:30:28,160 But I think, I think, I think the person who's just going to 640 00:30:28,160 --> 00:30:31,160 randomly sweep 20, I think that person is out of the game 'cause 641 00:30:31,160 --> 00:30:33,920 that, that that's been happening on and off for the past five 642 00:30:33,920 --> 00:30:35,560 years. And it, you know, but I think 643 00:30:35,560 --> 00:30:39,440 the two things, one, you know, the big bull market of 2021 was, 644 00:30:40,240 --> 00:30:42,880 you know, there are a few catalysts, but one of the major 645 00:30:42,880 --> 00:30:45,880 ones was visa buying a punk. And I think now, like you get 646 00:30:45,880 --> 00:30:48,560 all these institutions kind of getting into digital objects, 647 00:30:48,560 --> 00:30:52,080 getting into, I think if you start seeing like, hey, Franklin 648 00:30:52,080 --> 00:30:55,080 buys one or, you know, some of these, some of these Vanek, you 649 00:30:55,080 --> 00:30:58,400 know, whoever, some of these bigger organizations that have 650 00:30:59,400 --> 00:31:02,000 that, that are kind of trying to show that they're into digital 651 00:31:02,000 --> 00:31:04,240 objects. Like I, I, I said like maybe a, 652 00:31:04,360 --> 00:31:07,800 a couple buys from some of that could start to be like, could 653 00:31:07,800 --> 00:31:10,960 set off a little bit of a FOMO cycle where guys like you who 654 00:31:10,960 --> 00:31:13,880 are like, yeah, maybe I wanna own one, but I certainly don't 655 00:31:13,880 --> 00:31:16,000 need to buy one now. Like like, holy fuck, maybe it's 656 00:31:16,000 --> 00:31:18,520 time. I think that could be one thing. 657 00:31:18,680 --> 00:31:22,920 I think Yuga selling it. I think I just, I personally 658 00:31:22,920 --> 00:31:25,080 like yoga. I have nothing against yoga, but 659 00:31:25,080 --> 00:31:28,960 they're just so polarizing and I know people from all sorts of 660 00:31:28,960 --> 00:31:32,360 communities, like from the D5 community who are just annoyed 661 00:31:32,360 --> 00:31:35,160 by the attention that apes got for crypto from the art 662 00:31:35,160 --> 00:31:38,080 community, from like the really like the art community who think 663 00:31:38,080 --> 00:31:41,840 like, you know, apes pulled the attention away from, from the 664 00:31:41,880 --> 00:31:44,640 art that was in the NFT. I, I just know people from so 665 00:31:44,640 --> 00:31:48,280 many sides who are just so like negatively disposed to them. 666 00:31:48,360 --> 00:31:50,240 I'm personally not and who don't like them owning. 667 00:31:50,240 --> 00:31:53,440 So I don't think Yugo wants to own them anymore. 668 00:31:53,640 --> 00:31:57,160 Like they can't. Like they get attacked anytime 669 00:31:57,160 --> 00:32:00,160 they try to make money. It's a cost Center for them like 670 00:32:00,160 --> 00:32:01,320 that. I don't think they're selling 671 00:32:01,320 --> 00:32:02,840 their punks because I think they're worried about 672 00:32:02,840 --> 00:32:06,080 reputation. So I don't know if they want it, 673 00:32:06,080 --> 00:32:07,760 like why would they want to own these things? 674 00:32:07,760 --> 00:32:11,360 And I think Yuga wants cash. So like I could see a world 675 00:32:11,360 --> 00:32:13,720 where that moves on. Now, the obvious question is my 676 00:32:13,720 --> 00:32:16,160 sense of punk owners. And it's actually not punk 677 00:32:16,160 --> 00:32:18,120 owners. It's the crypto community that 678 00:32:18,120 --> 00:32:20,600 speaks on behalf of punk owners. The punk owners are actually a 679 00:32:20,600 --> 00:32:23,360 lot more subdued. But the crypto community that 680 00:32:23,360 --> 00:32:25,760 likes to dunk, I don't like, I think they're going to dunk on 681 00:32:25,760 --> 00:32:28,000 anything that happens. And it's a very hard 682 00:32:28,000 --> 00:32:30,560 disposition. But those are a couple of the 683 00:32:30,560 --> 00:32:32,480 potential things I could see that could turn that one around. 684 00:32:34,800 --> 00:32:38,680 So it feels like so many folks just hate yoga at the helm of 685 00:32:38,680 --> 00:32:40,880 punks like Phantom Scribbler. He's one of the folks that 686 00:32:40,880 --> 00:32:42,280 follow. He he rocks the punk with the 687 00:32:42,280 --> 00:32:44,800 Autoglyph background. And he I think he tweeted this 688 00:32:44,800 --> 00:32:47,600 morning that yoga acquiring the punch was the single worst thing 689 00:32:47,600 --> 00:32:51,160 that happened to the project. And like you just see those 690 00:32:51,160 --> 00:32:52,440 takes like once a week. Well. 691 00:32:52,440 --> 00:32:54,320 They're just such bad takes honestly. 692 00:32:54,320 --> 00:32:57,960 Like because these people don't remember how toxic punks were 693 00:32:57,960 --> 00:33:00,880 before Matt and John sold. Like it was like, like I know, I 694 00:33:00,880 --> 00:33:05,120 know Matt and John and they were like they were attacked so 695 00:33:05,120 --> 00:33:08,560 aggressively nonstop. And a lot of it like because 696 00:33:08,560 --> 00:33:12,120 they wouldn't, I mean, Matt and John kind of stuck to their guns 697 00:33:12,120 --> 00:33:15,320 that they didn't want to give up all IP Like they wanted it. 698 00:33:15,320 --> 00:33:20,160 So if, if, if, if someone with a hoodie punk was in the KKK and 699 00:33:20,160 --> 00:33:22,720 said like, punks represent the KKK, here's my punk. 700 00:33:22,720 --> 00:33:25,400 That's our symbol. Like Man John held on enough of 701 00:33:25,400 --> 00:33:27,360 the reins that they could actually say, no, that's not an 702 00:33:27,360 --> 00:33:30,480 okay use of our IP. Whereas at the time you go 703 00:33:30,480 --> 00:33:33,040 saying it's your IP, you can do whatever you want, you can sell. 704 00:33:33,240 --> 00:33:35,080 I think it was really like a big nothing story. 705 00:33:35,080 --> 00:33:37,640 But like, man, John, like, no, we're going to hold a little bit 706 00:33:37,640 --> 00:33:41,400 just to protect our reputation. And you had a firestorm because 707 00:33:41,400 --> 00:33:43,240 of that. A lot of the biggest holders 708 00:33:43,440 --> 00:33:46,120 rage quit. You know, 4156 had the famous 709 00:33:46,120 --> 00:33:47,680 sale, which it wasn't a rage quit. 710 00:33:47,680 --> 00:33:49,400 He sold his eight punk for $10 million. 711 00:33:49,520 --> 00:33:52,720 That was massive. The way they handled V1 punks, 712 00:33:53,440 --> 00:33:57,400 V1 punk where like they were getting absolutely destroyed. 713 00:33:57,400 --> 00:33:59,800 And I think Matt and John were just like, we can't take this 714 00:33:59,800 --> 00:34:03,120 anymore. Like the animosity towards them 715 00:34:03,360 --> 00:34:06,720 was much more aggressive. I mean, Yuga basically has done 716 00:34:06,720 --> 00:34:09,639 nothing like they've held this thing for two years until this 717 00:34:09,639 --> 00:34:13,040 thing, which is the first thing that like just really kind of 718 00:34:13,320 --> 00:34:16,679 misvibed the community. But like they did the Tiffany's 719 00:34:16,679 --> 00:34:17,760 necklace. They've done a bunch of 720 00:34:17,760 --> 00:34:20,400 brunches. They created a book, they made a 721 00:34:20,400 --> 00:34:25,080 poster or a print with a Avant art that sold for 1000 bucks and 722 00:34:25,080 --> 00:34:27,560 within days was selling in secondary for three ETH. 723 00:34:27,760 --> 00:34:30,400 Like they've really done basically nothing. 724 00:34:30,639 --> 00:34:32,639 And then they did this one thing that was off 5. 725 00:34:32,639 --> 00:34:35,520 But it anyone who says like that was the worst thing ever does 726 00:34:35,520 --> 00:34:37,840 not remember what it was like before they got sold. 727 00:34:39,880 --> 00:34:42,760 But the problem is like you can't even if you don't like you 728 00:34:43,400 --> 00:34:45,719 them selling, it is also just a massive risk, right? 729 00:34:45,719 --> 00:34:49,520 Because now you have the the new owner and all the potential 730 00:34:49,520 --> 00:34:52,040 execution risk. Like is there even a good buyer? 731 00:34:52,560 --> 00:34:55,400 Like like is there anyone that you'd be happy with? 732 00:34:55,480 --> 00:34:59,680 Like if they acquired? I feel a little uncomfortable 733 00:34:59,680 --> 00:35:01,520 even talking about this because I have no idea if they even want 734 00:35:01,520 --> 00:35:03,520 to sell. And like, I don't represent you. 735 00:35:03,520 --> 00:35:05,320 I've never worked for you, for a dad. 736 00:35:05,320 --> 00:35:07,440 I've never talked to Garga. Yeah, I've had a couple 737 00:35:07,440 --> 00:35:09,120 conversations with Gordon. I've already spoke with Garga. 738 00:35:09,120 --> 00:35:11,880 Like, what do I know? But yeah, you know, it's it is a 739 00:35:11,880 --> 00:35:13,840 risk. And that's the problem. 740 00:35:13,840 --> 00:35:17,240 You have 5000 holders and a community full of people who 741 00:35:17,240 --> 00:35:20,440 know better who are going to criticize pretty much anything 742 00:35:20,440 --> 00:35:23,160 that happens. But I do think you could find 743 00:35:23,160 --> 00:35:26,480 something which isn't as polarizing as unfortunately Yuga 744 00:35:26,480 --> 00:35:29,160 has become. Very fair. 745 00:35:29,320 --> 00:35:32,600 Last week, yeah, I mean, I looked at how much all their, 746 00:35:32,680 --> 00:35:34,400 they own like 300 punks or something. 747 00:35:34,400 --> 00:35:36,520 I think they're worth like 30 to $50 million. 748 00:35:37,280 --> 00:35:39,640 That's that's a lot of money. But people buy Alien punks for 749 00:35:39,640 --> 00:35:41,200 $16,000,000 and just get one of them. 750 00:35:41,200 --> 00:35:44,240 You know, I like if you look at it's not like it used to be 751 00:35:44,240 --> 00:35:47,680 where the stash of punks that was owned by the founder. 752 00:35:47,680 --> 00:35:50,240 I mean, they own Punk 0 through 999. 753 00:35:50,560 --> 00:35:52,640 That was what, that was what Matt and John kept. 754 00:35:52,640 --> 00:35:54,840 Like they do 0 royalties, free mint. 755 00:35:55,040 --> 00:35:57,320 The only way they pay themselves was by owning punk 0 through 756 00:35:57,320 --> 00:36:00,520 999. That was like a huge lift right 757 00:36:00,520 --> 00:36:02,760 Now they own 300. And I mean, I guess they own 758 00:36:02,760 --> 00:36:05,760 some V ones too. Like, you know, I, I, I think 759 00:36:05,760 --> 00:36:08,200 there might be numbers that could work, but this is just 760 00:36:08,200 --> 00:36:10,440 total speculation. I have no idea what I'm talking 761 00:36:10,440 --> 00:36:12,520 about. And I hope that no one from 762 00:36:12,680 --> 00:36:13,840 Coindesk writes anything about this. 763 00:36:14,640 --> 00:36:18,560 Well, I guess last question, with the caveat that you you 764 00:36:18,560 --> 00:36:20,040 have no idea what you're talking about. 765 00:36:20,400 --> 00:36:23,440 When people come to ask you or talk to you about buying a punk, 766 00:36:23,520 --> 00:36:24,880 you tell them it's a good time to buy. 767 00:36:26,880 --> 00:36:30,200 I think it's hard because I think people right now like 768 00:36:30,440 --> 00:36:34,480 owning punks honestly has been kind of boring and I think a lot 769 00:36:34,480 --> 00:36:37,400 of people want to be efficient with their east and it's very 770 00:36:37,400 --> 00:36:39,920 hard to. It's to predict what could 771 00:36:39,920 --> 00:36:42,600 change what's been a two-month, A2 year trend. 772 00:36:42,920 --> 00:36:46,320 I personally like owning punks. I still think that like in 10 773 00:36:46,320 --> 00:36:48,480 years, this is an asset that could be worth a whole lot of 774 00:36:48,480 --> 00:36:51,120 money in 15 years. I feel like this is just like a 775 00:36:51,120 --> 00:36:53,000 great asset to own for the long haul. 776 00:36:53,000 --> 00:36:54,960 I think it has serious provenance. 777 00:36:54,960 --> 00:36:58,880 I think that that people broadly agree on that, that like this is 778 00:36:58,880 --> 00:37:01,720 the one collection that really has like stay power in a 779 00:37:01,720 --> 00:37:04,160 different sort of way. I think NF TS are a little bit 780 00:37:04,160 --> 00:37:06,720 like wine, you know, the longer it survive, the better it is, 781 00:37:07,320 --> 00:37:08,800 you know, the the older the better. 782 00:37:08,800 --> 00:37:13,120 So I think there's a lot of things about this that are about 783 00:37:13,120 --> 00:37:15,440 these assets that I personally really enjoy holding. 784 00:37:15,720 --> 00:37:19,000 But if you want to be, you know, farming blasts, you know, then 785 00:37:19,000 --> 00:37:20,880 you're probably going to make more money over the next three 786 00:37:20,880 --> 00:37:22,920 months if you buy a punk with, you know, 35 ETH. 787 00:37:22,960 --> 00:37:26,320 So it just kind of depends on how much money you got and what 788 00:37:26,320 --> 00:37:29,920 you want to do with your money. I think it comes down to that 789 00:37:29,920 --> 00:37:33,720 specifically for punks and I do believe the Blast TG will be a 790 00:37:33,720 --> 00:37:34,960 catalyst. We'll talk about that here in a 791 00:37:34,960 --> 00:37:36,560 second. But we we got to talk Bitcoin 792 00:37:36,560 --> 00:37:38,360 NFTS quickly, just for a couple minutes. 793 00:37:39,280 --> 00:37:42,120 Were we all full of shit talking about the great paradigm change 794 00:37:42,160 --> 00:37:45,640 that that was ordinals and coming on spaces. 795 00:37:45,640 --> 00:37:50,160 I'm guilty of this myself and just slamming the table on the 796 00:37:50,160 --> 00:37:52,240 the puppets and the node monkeys. 797 00:37:53,360 --> 00:37:54,560 Are they are they truly different? 798 00:37:54,560 --> 00:37:56,640 Do you feel like they're just in the same bucket of Ethan at 799 00:37:56,640 --> 00:37:58,200 Tees? What's your kind of read on the 800 00:37:58,280 --> 00:38:01,800 the the huge run up we saw and then the the large crash back 801 00:38:01,800 --> 00:38:02,760 down? And prices are brutal. 802 00:38:02,760 --> 00:38:06,920 We have puppets at .16, no monkeys at .23 down from point. 803 00:38:06,920 --> 00:38:09,880 Everything's down 70 to 80% right now, just to set the 804 00:38:09,880 --> 00:38:12,240 backdrop. I always thought everyone was 805 00:38:12,240 --> 00:38:15,080 full of shit on this one. Like I, I could, I could 806 00:38:15,160 --> 00:38:19,840 understand the narrative of and the provenance of being on 807 00:38:19,840 --> 00:38:23,040 Bitcoin and all that stuff, but at the end of the day, it's 808 00:38:23,040 --> 00:38:25,720 about people forming a relationship with a JPG that 809 00:38:25,720 --> 00:38:27,880 they really like. And it's about FOMO. 810 00:38:28,000 --> 00:38:31,320 And those dynamics I always thought were very similar to 811 00:38:31,320 --> 00:38:34,320 Ethan FTSI. Like I already said, I kind of 812 00:38:34,320 --> 00:38:36,560 like punks. I think they survived the test 813 00:38:36,560 --> 00:38:38,560 of time. I kind of like from that lens, 814 00:38:38,560 --> 00:38:40,120 I've always kind of liked node monkeys. 815 00:38:40,120 --> 00:38:43,200 I've I've thought like, you know, these survive the like, 816 00:38:43,400 --> 00:38:46,400 like there's, there's I see a case there that these survived 817 00:38:46,400 --> 00:38:49,680 the test of time as well. You know, node monkeys are 818 00:38:49,680 --> 00:38:51,080 probably the one that I would buy. 819 00:38:52,120 --> 00:38:54,600 You know, I think Orno maxi biz is clearly cooking like the 820 00:38:54,600 --> 00:38:56,800 team. There is extremely aggressive, 821 00:38:56,800 --> 00:39:01,160 extremely big personalities making big statements that 822 00:39:01,160 --> 00:39:04,360 holders can resonate with. So and, and those are similar 823 00:39:04,360 --> 00:39:06,200 traits that would make an ETH NFT do well also. 824 00:39:07,280 --> 00:39:10,080 So, you know, I don't know, I, I, I think this is kind of like 825 00:39:10,560 --> 00:39:14,840 the newest generation of NFT projects with big personalities 826 00:39:14,840 --> 00:39:17,760 with kind of provenance stories. And I think a couple of them 827 00:39:17,760 --> 00:39:18,960 will do well. But at the end of the, the day, 828 00:39:19,000 --> 00:39:22,280 I, I don't think the core, the core situation of these being 829 00:39:22,280 --> 00:39:26,120 momentum assets where people buy them because of FOMO, you know, 830 00:39:26,120 --> 00:39:28,680 and the, you just have a pretty interesting narrative on 831 00:39:28,680 --> 00:39:31,080 Bitcoin. But at the end of the day, like 832 00:39:31,280 --> 00:39:35,200 that, hasn't the the, the, the FOMO kind of reversed pretty 833 00:39:35,200 --> 00:39:37,880 aggressively? Well, yeah, that can happen and 834 00:39:37,880 --> 00:39:40,160 it's painful when it does. I think some of the narratives 835 00:39:40,160 --> 00:39:42,840 were were clearly wrong. And I'm a narrative guy just 836 00:39:42,840 --> 00:39:44,720 because I talk for an hour or two every day. 837 00:39:45,160 --> 00:39:47,520 So you have to come up with stories to tell people. 838 00:39:48,440 --> 00:39:54,720 But I still as a, as a trader wearing my trader hat, I, I like 839 00:39:54,720 --> 00:40:00,160 the ability to, to go, I view entities and tokens as levered 840 00:40:00,160 --> 00:40:02,600 bets on the underlying currency on those block chains. 841 00:40:03,080 --> 00:40:07,440 And but I'm also, I'm not AA10X leverage currency trader. 842 00:40:07,440 --> 00:40:11,080 So like my only way to make more Bitcoin right now as I view it 843 00:40:11,360 --> 00:40:14,160 is to to trade NFTS or to trade runes. 844 00:40:14,720 --> 00:40:17,840 And I do think there is a cohort of of people who who share that 845 00:40:17,840 --> 00:40:20,560 minds. I do think that is it's still a 846 00:40:20,560 --> 00:40:25,320 potential driver and catalyst for these two categories. 847 00:40:26,600 --> 00:40:29,680 And when we think back to the ETH NFT ecosystem, we kind of 848 00:40:29,680 --> 00:40:31,640 talked about this there. There really hasn't been any new 849 00:40:31,640 --> 00:40:33,280 shiny objects. There really haven't been any 850 00:40:33,280 --> 00:40:37,000 big new NFT collections. We got some big exciting new NFT 851 00:40:37,000 --> 00:40:39,080 collections on Bitcoin. Of course, part of the 852 00:40:39,080 --> 00:40:43,000 excitement is was was number go up and you know, folks feel like 853 00:40:43,000 --> 00:40:45,760 it's it's going to be the new stuff that outperforms in the in 854 00:40:45,760 --> 00:40:47,440 the next cycle versus the old guard. 855 00:40:47,440 --> 00:40:50,320 And we kind of saw that. So that is a part of it. 856 00:40:50,320 --> 00:40:54,040 But yeah, I mean, maybe it just all boils down to we got a 857 00:40:54,040 --> 00:40:57,640 little too overexcited. But it was nice to hear you say 858 00:40:57,640 --> 00:40:59,400 that, that no monkeys might still be on your list. 859 00:41:00,360 --> 00:41:04,360 Yeah, no, I love no monkeys I but I look, I think the the 860 00:41:04,360 --> 00:41:06,240 other piece is like it's easy to forget this now. 861 00:41:06,240 --> 00:41:08,320 But you know, there was a stretch there where ordinals 862 00:41:08,320 --> 00:41:11,720 weathers were getting like, you know, 4 figure air drops every 863 00:41:11,720 --> 00:41:15,720 day, you know, so it's easy to forget how much money people 864 00:41:15,720 --> 00:41:17,960 made during the during the moment. 865 00:41:17,960 --> 00:41:20,000 And you know, Akin, who comes on your show a lot made that point 866 00:41:20,000 --> 00:41:21,480 a lot. He's like, don't even think of 867 00:41:21,480 --> 00:41:26,400 these as NFTS Consider this the insider movement of the up and 868 00:41:26,400 --> 00:41:30,280 coming, kind of like, you know, activity on blockchain movement 869 00:41:30,280 --> 00:41:32,240 that's happening. I'm sorry, not a blockchain. 870 00:41:32,240 --> 00:41:33,880 I'm Bitcoin movement that's happening. 871 00:41:34,080 --> 00:41:36,600 And I think also like ruins was a disappointment. 872 00:41:36,720 --> 00:41:40,040 Like, you know, I just people thought there was something 873 00:41:40,040 --> 00:41:42,320 crazy that was going to happen and at the end of the day, like 874 00:41:42,720 --> 00:41:45,680 it, it was fine, but it wasn't this thing that changed 875 00:41:45,680 --> 00:41:48,000 everything. And I think that whole narrative 876 00:41:48,040 --> 00:41:51,040 of like all the building that's going to happen on Bitcoin, we 877 00:41:51,040 --> 00:41:53,760 have the we have the front row seat to that. 878 00:41:53,760 --> 00:41:57,440 We have the access pass. I think that with runes not 879 00:41:57,560 --> 00:42:00,600 changing the paradigm, I think a lot of that narrative started to 880 00:42:00,600 --> 00:42:01,920 kind of go in the background a little bit. 881 00:42:01,920 --> 00:42:03,280 That doesn't mean it's over a lot. 882 00:42:03,280 --> 00:42:05,720 I like none of these ordinal teams, like, yeah, we're done. 883 00:42:05,880 --> 00:42:08,400 Like they're all still deep in this game and believe deeply. 884 00:42:08,640 --> 00:42:10,120 It's just, it's, it's in a lull right now. 885 00:42:11,120 --> 00:42:14,240 It's so funny to hear it call a disappointment because, and I 886 00:42:14,240 --> 00:42:16,680 think that's the, the consensus view that runes are 887 00:42:16,680 --> 00:42:18,520 disappointing. But let's just look at it on 888 00:42:18,520 --> 00:42:20,400 paper. So the dog token is sitting at 889 00:42:20,400 --> 00:42:24,880 400 million RSI CS at 200 million, Pups is at 200 million. 890 00:42:24,880 --> 00:42:31,160 So we've got 3 runes tokens that are 9 figure tokens within of 891 00:42:31,160 --> 00:42:32,760 the runes launch less than two months. 892 00:42:32,760 --> 00:42:36,560 So I guess six months ago if I'd have told you runes are going to 893 00:42:36,560 --> 00:42:39,240 launch on Bitcoin, we're going to have 3-9 figure coins within 894 00:42:39,240 --> 00:42:40,440 a month. Is that a? 895 00:42:40,520 --> 00:42:44,840 Is that a disappointing outcome? Well, we're not six months ago 896 00:42:44,840 --> 00:42:46,320 if you bought a node monkey, you'd be up right now. 897 00:42:46,400 --> 00:42:49,640 Like the delta versus 6 months ago is still fantastic. 898 00:42:49,640 --> 00:42:52,280 Like you know, you, if it weren't for you know, you six 899 00:42:52,280 --> 00:42:54,320 months ago, your Bitcoin puppet didn't exist, right? 900 00:42:54,320 --> 00:42:57,440 So like and right now it's trading at, you know, .2 901 00:42:57,440 --> 00:42:59,640 Bitcoin, the number that would have been celebrated. 902 00:42:59,880 --> 00:43:02,000 The reason people feel bad is because we're doing poorly 903 00:43:02,000 --> 00:43:04,720 relative to two months ago. So like, yes, I think like it's 904 00:43:04,720 --> 00:43:07,360 a good six month outcome, but you know, two months ago you did 905 00:43:07,360 --> 00:43:10,800 start seeing pups hit, you know, hit hit hundreds of millions. 906 00:43:11,240 --> 00:43:15,840 You did start seeing, you know, our, you know, our sick in in 907 00:43:15,840 --> 00:43:17,440 Wales market people looking at a billion. 908 00:43:17,440 --> 00:43:21,160 I I just think there became this narrative of every like we have 909 00:43:21,160 --> 00:43:23,040 to be there, like ruins are what's going to change 910 00:43:23,040 --> 00:43:25,080 everything, and I don't think that's what happened. 911 00:43:25,960 --> 00:43:30,520 I, I think that they, you know, but like, it's not nothing, you 912 00:43:30,520 --> 00:43:32,640 know, but I think like, I just don't think it changed the 913 00:43:32,640 --> 00:43:38,840 paradigm in a way that like that matched some of the like month 914 00:43:38,840 --> 00:43:40,840 in advance, two months in advance anticipation. 915 00:43:42,400 --> 00:43:46,760 Very fair 30 minutes on MTS, good chatter. 916 00:43:46,760 --> 00:43:48,920 I want to talk blast a little bit and we can maybe talk the 917 00:43:48,960 --> 00:43:50,840 the Mt component in this as well. 918 00:43:50,840 --> 00:43:52,680 But I do want to switch gears a little bit. 919 00:43:52,680 --> 00:43:54,600 So a couple big topics I want to touch on. 920 00:43:54,600 --> 00:43:58,400 I want to talk jackpot, but maybe just start, maybe let's 921 00:43:58,400 --> 00:44:00,440 talk your approach to to farming blasts. 922 00:44:00,440 --> 00:44:02,400 I think you wanted the latter voices talking about this 923 00:44:02,400 --> 00:44:03,720 ecosystem. You've been talking about it for 924 00:44:03,720 --> 00:44:06,240 quite some time. I think you did share a tweet 925 00:44:06,240 --> 00:44:09,920 from your account of your which dapps you've been earning the 926 00:44:09,920 --> 00:44:12,920 most from, which was kind of a guide of of how you are 927 00:44:12,920 --> 00:44:14,600 approaching it. But for those who maybe haven't 928 00:44:14,600 --> 00:44:17,600 seen that, I am curious kind of walk us through how you have 929 00:44:17,600 --> 00:44:20,880 been looking at this farm, what kind of stands out as the, you 930 00:44:20,880 --> 00:44:21,960 know, the best opportunities here? 931 00:44:22,840 --> 00:44:25,920 Yeah, so I moved a lot of money over to Blast on like day two, 932 00:44:26,000 --> 00:44:29,640 you know, so I've been like a blast bull for a long time, 933 00:44:29,640 --> 00:44:32,440 largely because, you know, I was very critical of Pac-Man during 934 00:44:32,440 --> 00:44:37,400 a lot of the Blur era. And but and, and, and I stand by 935 00:44:37,400 --> 00:44:39,600 not, I mean, I don't, I'm not critical of him personally, but 936 00:44:39,680 --> 00:44:41,960 of some of the impacts that that Blur had. 937 00:44:42,160 --> 00:44:45,760 But as an analyst, you just can't like I got to know the 938 00:44:45,760 --> 00:44:48,680 AirDrop farming community well and they made a ton of money. 939 00:44:48,960 --> 00:44:52,360 They made tons of money and you know, and I was like pack like 940 00:44:52,360 --> 00:44:54,840 this team is very good at making these tokens work. 941 00:44:55,120 --> 00:44:56,880 And that was when he launched the L2. 942 00:44:56,880 --> 00:44:58,400 I was like, all right, I'm like, I've learned my lesson. 943 00:44:58,400 --> 00:45:00,880 I'm going to go big here. So I put a lot of money in. 944 00:45:01,640 --> 00:45:05,480 I'd say my farming, a lot of my farming is just moving that kind 945 00:45:05,480 --> 00:45:08,640 of what I call lazy money into different, you know, into 946 00:45:08,640 --> 00:45:13,360 different platforms like Wasabi or Juice or in it or Bloom which 947 00:45:13,360 --> 00:45:16,120 got hacked or, you know, thruster LP's. 948 00:45:16,120 --> 00:45:19,080 Like most of my it is pretty lazy 'cause I have a full time 949 00:45:19,080 --> 00:45:21,960 job. It's just, it's just been hard 950 00:45:21,960 --> 00:45:26,400 to dive too deep. That said, those, those, I mean 951 00:45:26,480 --> 00:45:30,360 the real, the real gold has been in, in Jackpot and I think I 952 00:45:30,360 --> 00:45:32,520 think guys like Mooncat have been actually pretty good at 953 00:45:32,520 --> 00:45:34,360 anticipating where Jackpot's going to move. 954 00:45:34,640 --> 00:45:36,880 So that's been one case where I think that you make real money. 955 00:45:37,080 --> 00:45:40,640 The other thing is that tweet, the reason I published it is 956 00:45:40,640 --> 00:45:44,160 because the ones that have made me the most money actually were 957 00:45:44,160 --> 00:45:45,880 not the ones that were lazy money. 958 00:45:45,880 --> 00:45:47,680 They didn't require that much capital. 959 00:45:47,880 --> 00:45:51,360 It was stuff like blaster NFT perp, I mean NFT perp. 960 00:45:51,360 --> 00:45:54,480 I'm probably using three ETH and that one that was one of the 961 00:45:54,480 --> 00:45:55,640 absolute biggest ones. Blast. 962 00:45:55,640 --> 00:45:57,520 I mean blaster. I set up my own NFT project, so 963 00:45:57,520 --> 00:45:59,960 that's not something that like I probably recommend for other 964 00:45:59,960 --> 00:46:00,920 people because it's a lot of work. 965 00:46:02,680 --> 00:46:06,000 Yolo games like Yolo games. I was doing a few ETH of kind 966 00:46:06,000 --> 00:46:09,760 of, you know, Yolo games is kind of one where I think it's EV 967 00:46:09,840 --> 00:46:14,360 positive overtime to gamble. So like the stuff that I the 968 00:46:14,360 --> 00:46:17,160 stuff that I made real gold on, we're not the ones that were 969 00:46:17,160 --> 00:46:20,360 just like dump, you know, tons of money into something and let 970 00:46:20,360 --> 00:46:22,360 it cock. So that was a little bit of what 971 00:46:22,440 --> 00:46:23,920 I was trying to get across with that tweet. 972 00:46:24,960 --> 00:46:26,760 Yeah, well, thanks for walking us through that. 973 00:46:26,960 --> 00:46:29,520 I think a lot of folks still wonder, you know, how can you 974 00:46:29,520 --> 00:46:31,280 play the game with with low bank rolls? 975 00:46:31,600 --> 00:46:34,400 So you called out a few apps to do that. 976 00:46:34,640 --> 00:46:38,320 I want to talk jackpot a little bit and I'm not one to shy away 977 00:46:38,320 --> 00:46:42,040 from hyperbole, but is, is Blast Jack jackpot the most important 978 00:46:42,040 --> 00:46:46,080 thing that's happened to to this L2 or perhaps even the broader 979 00:46:47,160 --> 00:46:49,800 theory of EVM landscape And I think. 980 00:46:49,840 --> 00:46:51,320 Blastjack. That's the most important thing 981 00:46:51,320 --> 00:46:56,920 to happen in finance in 2024. I just can't explain. 982 00:46:57,880 --> 00:47:00,280 Look, it's just I mean the numbers are crazy, right, PAC 983 00:47:00,280 --> 00:47:03,160 Moon and you know, thruster is the is the most heavily gold 984 00:47:03,160 --> 00:47:08,480 awarded DAP on blast and you know, Jack PAC moon got more 985 00:47:08,480 --> 00:47:11,440 than thruster got in a week. Now thruster has gotten more 986 00:47:11,440 --> 00:47:14,160 since then. But I think I think that's where 987 00:47:14,160 --> 00:47:17,200 like the people like it's, it is hard to predict, even though 988 00:47:17,200 --> 00:47:19,840 every time something happens like, oh, that was obvious in 989 00:47:19,840 --> 00:47:22,560 hindsight, like it's, it's not easy to know what's going to 990 00:47:22,560 --> 00:47:26,440 come, but I think people are putting in like .5 eighth bats 991 00:47:26,440 --> 00:47:28,560 and getting enormous amounts of gold in return. 992 00:47:29,160 --> 00:47:30,440 I got to give a shout out to one guy. 993 00:47:30,440 --> 00:47:32,960 I mean, the one thing I would say is I'm not that deep in the 994 00:47:32,960 --> 00:47:35,800 farming game right now. So I don't actually know where 995 00:47:35,800 --> 00:47:39,200 the hot pots are right now. Like, and and the problem is 996 00:47:39,200 --> 00:47:41,360 that the people who do know don't tell you because it really 997 00:47:41,360 --> 00:47:44,960 is deluded to tell people. But one person who does tell you 998 00:47:45,280 --> 00:47:47,960 is ICO Beast. Let me let me figure out what 999 00:47:47,960 --> 00:47:51,520 his handle is. It's either Beast ICO or ICO 1000 00:47:51,520 --> 00:47:55,200 Beast. And I think he's really, yeah, 1001 00:47:55,200 --> 00:47:58,760 Beast under score ICO. And he's taking the old school 1002 00:47:58,760 --> 00:48:02,040 kind of web to influencer model of like, I'm going to tell 1003 00:48:02,040 --> 00:48:04,160 everybody everything I know and then hope they use my referral 1004 00:48:04,160 --> 00:48:05,720 code. Remember, like I'm going to give 1005 00:48:05,720 --> 00:48:07,360 you a full blog here. I'm going to recommend all these 1006 00:48:07,360 --> 00:48:09,280 lawn mowers. Just go to this link when you 1007 00:48:09,280 --> 00:48:10,440 buy it on Amazon and I'll get paid. 1008 00:48:10,640 --> 00:48:13,200 That's the ICO beast model, you know, And he's telling people 1009 00:48:13,200 --> 00:48:14,840 everything he knows. And the one thing you can do to 1010 00:48:14,840 --> 00:48:17,480 thank him is use his referral code when you join these 1011 00:48:17,480 --> 00:48:19,200 platforms. And he's a he's a really good 1012 00:48:19,200 --> 00:48:21,280 follow. A lot of people, the ones that 1013 00:48:21,280 --> 00:48:25,880 the real insiders know, I'll be honest, Captain and Co Captain 1014 00:48:25,880 --> 00:48:29,560 and Co is the one that like you see guys who have like 50,000 1015 00:48:29,560 --> 00:48:33,880 gold and aren't like OSF who just have who, who bridged over 1016 00:48:33,880 --> 00:48:36,120 1008. Like those guys normally are 1017 00:48:36,120 --> 00:48:38,640 pretty deep in Captain and Co. A lot of them are deep in 1018 00:48:38,640 --> 00:48:41,200 Cambria. They're probably doing, I mean, 1019 00:48:41,200 --> 00:48:44,480 they're they're probably doing a little bit of maybe fantasy top. 1020 00:48:44,480 --> 00:48:47,240 I'm not sure, but that's an expensive entry point, you know, 1021 00:48:47,360 --> 00:48:51,400 relatively speaking. But those are the names I'm 1022 00:48:51,400 --> 00:48:54,680 seeing these guys talk about. And I'll, I'll throw kettle in 1023 00:48:54,840 --> 00:48:57,440 and I think Cyrus talks about kettle and just, you know, 1024 00:48:57,440 --> 00:48:59,480 these, these watch these luxury watch boxes. 1025 00:48:59,760 --> 00:49:02,480 It's not, that's not a cheap entry game, as I understand it. 1026 00:49:02,480 --> 00:49:04,400 I think you got to show up to the to the table with some 1027 00:49:04,400 --> 00:49:07,000 serious capital. Yeah, Cyrus is spending money, 1028 00:49:07,000 --> 00:49:09,120 money. But you know, I mean, you know, 1029 00:49:09,120 --> 00:49:11,640 look, Cyrus is the GOAT. Like he doesn't, he doesn't do 1030 00:49:11,640 --> 00:49:13,960 these things if he's not going to make money over time, but 1031 00:49:13,960 --> 00:49:16,640 he's definitely, and he's making real gold. 1032 00:49:17,000 --> 00:49:19,760 But you know, he, he, he, he's calculated though. 1033 00:49:19,760 --> 00:49:23,120 He's the type of guy who'll be like, I can lose 5 grand on this 1034 00:49:23,560 --> 00:49:26,560 if it makes me five, you know, 10,000 gold, I'll do that 100 1035 00:49:26,560 --> 00:49:30,360 times, you know, a day, you know, so but but if there is a 1036 00:49:30,360 --> 00:49:32,320 bit more of a capital buried entry to some of those 1037 00:49:32,320 --> 00:49:37,280 strategies. But that bet does require a a 1038 00:49:37,280 --> 00:49:41,840 number tied to blast gold and your your latest revised 1039 00:49:41,840 --> 00:49:46,040 estimate $6 per gold. What what would have to happen 1040 00:49:46,040 --> 00:49:48,200 for you to revise that demo? Do you think that's the final 1041 00:49:48,200 --> 00:49:50,560 number now that we are, we're we're almost exactly one month 1042 00:49:50,560 --> 00:49:53,800 out a month and three days, What would have to happen for us to 1043 00:49:53,800 --> 00:50:01,040 go lower than lower than six? Three things or three 1044 00:50:01,040 --> 00:50:02,920 possibilities for what would make it lower than six. 1045 00:50:03,280 --> 00:50:08,960 One is 1 is that they'd extend it longer. 1046 00:50:09,160 --> 00:50:11,760 You know, so for some reason this June 26th thing doesn't 1047 00:50:11,760 --> 00:50:14,440 work. You know, I, I, I do believe 1048 00:50:14,440 --> 00:50:18,080 that they're pretty dialed in on that. 1049 00:50:18,080 --> 00:50:21,280 On that date, they came out pretty aggressively swinging. 1050 00:50:21,280 --> 00:50:24,240 This is the date, but that'd be one thing. 1051 00:50:25,040 --> 00:50:28,240 A second thing, you know, maybe I guess included in that bucket 1052 00:50:28,240 --> 00:50:30,520 is giving out more gold than I expect, which I don't really 1053 00:50:30,520 --> 00:50:32,720 think is going to happen, but we'll see. 1054 00:50:32,720 --> 00:50:34,240 Their next distribution will be interesting. 1055 00:50:34,240 --> 00:50:36,720 If they're like we're giving out 20 million gold, then my 1056 00:50:36,720 --> 00:50:38,880 estimates need to get revised because I have 15,000,000 1057 00:50:38,880 --> 00:50:41,120 predicted. I like and that's possible. 1058 00:50:41,120 --> 00:50:42,560 That is very possible. That's one thing. 1059 00:50:43,320 --> 00:50:45,960 The second thing is like kind of in the I have no idea what I'm 1060 00:50:45,960 --> 00:50:48,160 talking about campus, what's the valuation going to be like? 1061 00:50:48,680 --> 00:50:50,080 Markets are very hard to predict. 1062 00:50:50,360 --> 00:50:53,080 I personally think that my 10 billion estimate is 1063 00:50:53,080 --> 00:50:55,880 conservative. A lot of people think I'm 1064 00:50:56,000 --> 00:50:58,240 aggressive, but I think that is conservative. 1065 00:50:59,160 --> 00:51:01,520 If you look at optimism Arbitrum, like those are eleven 1066 00:51:01,520 --> 00:51:03,720 $12 billion tokens right now, especially with this run up. 1067 00:51:03,720 --> 00:51:08,560 But you know, if it's I talked to a blast founder yesterday 1068 00:51:08,560 --> 00:51:10,880 from one of the biggest projects who thinks it's going to be a $5 1069 00:51:10,880 --> 00:51:13,080 billion token, I don't think these guys know what they're 1070 00:51:13,080 --> 00:51:15,160 talking about. That would put the market cap, I 1071 00:51:15,160 --> 00:51:19,080 think, below Blur, but that would be the other thing. 1072 00:51:19,080 --> 00:51:21,840 And then the third thing would be if they just completely nerf 1073 00:51:22,200 --> 00:51:24,640 the amount of token they give to people, But I think that that's 1074 00:51:24,640 --> 00:51:27,600 also more likely to be a surprise in the other direction. 1075 00:51:28,720 --> 00:51:29,960 Yeah. And, and those all feel like 1076 00:51:29,960 --> 00:51:35,760 low, low likelihood outcomes. So it does feel like 6 is the 1077 00:51:35,760 --> 00:51:38,880 bottom. And I think $10 or 10 billion is 1078 00:51:38,880 --> 00:51:41,120 conservative. And you are and you've said it 1079 00:51:41,120 --> 00:51:44,000 yourself, I think we can definitely see it open higher 1080 00:51:44,000 --> 00:51:45,800 than that. So I'm still leaning bullish. 1081 00:51:45,800 --> 00:51:49,720 But a part of this, a part of the calculus is like what's 1082 00:51:49,720 --> 00:51:53,320 going to be around in Q4? Like do you think that the 1083 00:51:53,320 --> 00:51:57,680 primary dabs that we're using on blast right now, are they still 1084 00:51:57,680 --> 00:52:03,280 going to be in our conversations in November of 2024 or or do you 1085 00:52:03,280 --> 00:52:05,840 think some of these are just total flash in the pans like 1086 00:52:05,840 --> 00:52:08,320 what's how, how are you looking at the longevity aspect? 1087 00:52:09,360 --> 00:52:11,240 I mean, the elephant in the room is fantasy, right? 1088 00:52:11,240 --> 00:52:14,960 And you know, it's I don't think that's I don't think that's 1089 00:52:14,960 --> 00:52:17,560 going away now, since I think like the core use case of people 1090 00:52:17,560 --> 00:52:20,480 betting on people's tweeting like that can kind of keep 1091 00:52:20,480 --> 00:52:21,800 going. It doesn't need a whole lot to 1092 00:52:21,800 --> 00:52:25,960 keep going, you know, so that'll be an interesting one to track. 1093 00:52:27,640 --> 00:52:29,920 I don't know, I bought like you have apps like juice, like 1094 00:52:29,920 --> 00:52:32,320 juice's like entire purpose is to farm blast gold. 1095 00:52:32,600 --> 00:52:35,720 You know, like it's like, let's get you, like maybe you can get 1096 00:52:35,840 --> 00:52:39,720 you're paying interest to get like leverage exposure to golden 1097 00:52:39,720 --> 00:52:43,680 points, you know, so something like that, I think is I'm sure 1098 00:52:43,680 --> 00:52:45,880 Eric's going to come up with ways to keep this as a long term 1099 00:52:45,880 --> 00:52:49,080 business, but the use case right now I feel is very reliant on 1100 00:52:49,080 --> 00:52:54,520 the farming meta. But you know, we're 18 months 1101 00:52:54,520 --> 00:52:58,400 right now after blur launched and farming hasn't gone away at 1102 00:52:58,400 --> 00:53:01,920 all on blur and it looks kind of similar to when it started. 1103 00:53:01,920 --> 00:53:06,160 So, you know, these, at least in the blurry example, the 1104 00:53:06,160 --> 00:53:10,720 longevity I think is much longer than anyone anticipated a year 1105 00:53:10,720 --> 00:53:11,240 and a half ago. Yeah. 1106 00:53:11,880 --> 00:53:14,640 I think people keep discounting that when they think about this 1107 00:53:14,640 --> 00:53:16,760 ecosystem. So I think what for your 1108 00:53:16,760 --> 00:53:21,240 estimate, you're assuming 15% of the tokens are unlocked at, at 1109 00:53:21,280 --> 00:53:25,120 TGE for the AirDrop. So I guess it following some of 1110 00:53:25,120 --> 00:53:26,840 my, I don't know if you recall the tokenomics off the top of 1111 00:53:26,840 --> 00:53:29,920 your head, but like what, what were the the next series of 1112 00:53:29,920 --> 00:53:32,920 allocations? Was it like 30% for the next 1113 00:53:32,920 --> 00:53:34,200 one? I'm not sure. 1114 00:53:34,200 --> 00:53:38,000 If you recall for blur, oh for blur it was they gave. 1115 00:53:38,960 --> 00:53:41,640 Blur. Well, Blur started with Blur 1116 00:53:41,640 --> 00:53:44,200 gave 51% to the community. I think they gave 12% in the 1117 00:53:44,200 --> 00:53:45,960 first one. I don't remember how much they 1118 00:53:45,960 --> 00:53:50,040 gave for season 2, you know, but I think I don't I think you, you 1119 00:53:50,040 --> 00:53:52,360 need to give a lower. You don't need to give as high a 1120 00:53:52,360 --> 00:53:55,880 percent when you have an actual liquid token that people can 1121 00:53:55,880 --> 00:53:59,240 equate with real money. You know, I think one of the 1122 00:53:59,240 --> 00:54:02,200 divides I'm realizing exists out there is people like you and me, 1123 00:54:02,200 --> 00:54:06,080 like we did a new show every single day throughout the whole 1124 00:54:06,080 --> 00:54:09,040 blur existence. Like I did a daily YouTube show 1125 00:54:09,040 --> 00:54:10,600 analyzing everything that happened there. 1126 00:54:10,720 --> 00:54:13,840 You wrote a daily newsletter like we've to us, this is 1127 00:54:13,840 --> 00:54:15,360 obvious that points become money. 1128 00:54:15,360 --> 00:54:16,920 And then this happens in season two. 1129 00:54:17,240 --> 00:54:20,760 I think like 95% of people just have no kind of map in their 1130 00:54:20,760 --> 00:54:22,400 heads for what Blur actually look like. 1131 00:54:22,400 --> 00:54:25,040 I think there are literally like 100 of us who do, and we talk 1132 00:54:25,040 --> 00:54:27,960 about this stuff like it's obvious, but to a lot to other 1133 00:54:27,960 --> 00:54:31,280 people, this is so foreign that I think once you actually get 1134 00:54:31,280 --> 00:54:33,640 the real dollars out there like you need, you don't need to give 1135 00:54:33,640 --> 00:54:35,760 away as much because people aren't taking that leap of faith 1136 00:54:35,760 --> 00:54:38,440 from gold or points to redacted to money, you know? 1137 00:54:39,560 --> 00:54:41,080 Yeah. And even if you don't think it's 1138 00:54:41,080 --> 00:54:43,360 going to come out at 10 billion, like let's say it comes out at 6 1139 00:54:43,360 --> 00:54:46,040 billion, which is lower than both you and I think it's going 1140 00:54:46,040 --> 00:54:48,520 to come out. There's still so much money left 1141 00:54:48,520 --> 00:54:53,320 on the table for for season one, for Season 2 of Blast. 1142 00:54:53,320 --> 00:54:55,720 So it's hard to imagine these things are going away. 1143 00:54:56,520 --> 00:55:01,720 Yeah, I mean, if it if it comes out at 6 billion, yeah, like 1144 00:55:01,720 --> 00:55:02,960 what would that market cap look like? 1145 00:55:02,960 --> 00:55:07,280 I mean, the market cap would would be well below a billion. 1146 00:55:07,680 --> 00:55:12,000 You know Jasmine token, Sandbox token, marinade Steaks sold 1147 00:55:12,000 --> 00:55:17,240 Gate, Chili's safe. You know NEO, AXI Infinity, 1148 00:55:17,960 --> 00:55:19,800 though, that's just like a laundry list of tokens that are 1149 00:55:19,800 --> 00:55:21,200 worth more than a billion in market cap. 1150 00:55:22,360 --> 00:55:26,040 That's why I don't buy it. So 1010 billion is fun. 1151 00:55:27,040 --> 00:55:30,480 We've got a couple minutes left in the show, Sam and. 1152 00:55:31,120 --> 00:55:33,080 I just want to talk Matt. There are a couple questions in 1153 00:55:33,080 --> 00:55:35,480 the comments. IKB Ebrink Yeah, I love IKB. 1154 00:55:35,480 --> 00:55:38,200 What are my estimates for fan? I don't have estimates for fan. 1155 00:55:38,560 --> 00:55:40,320 Why do I estimate gold price and not price per point? 1156 00:55:40,320 --> 00:55:43,520 I think gold is easier to back into than than than points are. 1157 00:55:43,880 --> 00:55:47,960 But I did I did do a thread about about price for points. 1158 00:55:48,280 --> 00:55:50,640 Is this a stats alt account? Know that YouTube or that 1159 00:55:50,640 --> 00:55:53,160 YouTube and that's actually punk 9059 my other punk, which is my 1160 00:55:53,400 --> 00:55:54,920 YouTube avatar. And then someone said what do I 1161 00:55:54,920 --> 00:55:57,280 think about the Fidenza sales? I mean those things have just 1162 00:55:57,280 --> 00:56:00,080 grinded lower for so long and someone wanted to buy friend 1163 00:56:00,080 --> 00:56:02,680 tech immediately and sold. So sorry, I didn't mean to 1164 00:56:02,680 --> 00:56:03,920 interrupt. Just wanted to go through the 1165 00:56:03,920 --> 00:56:07,040 questions and the comments here. Oh, thank you for doing that 1166 00:56:07,840 --> 00:56:09,240 quickly on the friend tech thing. 1167 00:56:09,320 --> 00:56:11,440 Hey, I mean they're down because the friend is down sadly. 1168 00:56:11,440 --> 00:56:14,920 And I, I still have a fairly large friend bag which I haven't 1169 00:56:14,920 --> 00:56:17,640 unloaded. What's interesting when people 1170 00:56:17,640 --> 00:56:20,160 just nuke the Fidenzas into bids, like do they not know that 1171 00:56:20,160 --> 00:56:22,760 the lending market exists? Like you could get a much higher 1172 00:56:22,760 --> 00:56:25,960 LTV loan and then you could just default them alone, but you 1173 00:56:25,960 --> 00:56:27,480 still have somewhat control the assets. 1174 00:56:27,600 --> 00:56:31,080 That's always what surprises me. But I mean, OSF did it for with 1175 00:56:31,080 --> 00:56:32,360 and then he made 10 million bucks. 1176 00:56:32,360 --> 00:56:34,080 So we're going to see people continue to do it. 1177 00:56:34,920 --> 00:56:38,360 Never question that people are like on drugs or on coffee or 1178 00:56:38,360 --> 00:56:40,400 just need a dopamine hit immediately. 1179 00:56:40,400 --> 00:56:42,480 Like it is hard to figure out Gandhi. 1180 00:56:42,480 --> 00:56:44,120 I'm sorry. It is hard to figure out Arcade. 1181 00:56:44,120 --> 00:56:45,920 I've like spent time on those. It is not. 1182 00:56:45,920 --> 00:56:48,200 You list it. You get a whole course of people 1183 00:56:48,200 --> 00:56:50,720 who bid on it. Like, I'm sure it's easier than 1184 00:56:50,720 --> 00:56:52,720 that, but I I think people are just like, fuck it. 1185 00:56:52,800 --> 00:56:56,080 Like, I need this, and I need it now because my brain is 1186 00:56:56,080 --> 00:57:00,960 literally spanning in circles. And yeah, you're right, there's 1187 00:57:00,960 --> 00:57:02,960 a lot of uneconomic behavior that goes on out there. 1188 00:57:02,960 --> 00:57:05,680 And that's how the arbitragers in our space make so much money. 1189 00:57:06,680 --> 00:57:09,240 I I certainly understand being impatient and that's how I am 1190 00:57:09,240 --> 00:57:12,440 with fancy top where I just nuke my cards into bids whenever I 1191 00:57:12,440 --> 00:57:14,960 need any free cash to to make my next move. 1192 00:57:16,320 --> 00:57:20,040 Sam a couple minutes left. I guess on the mean land. 1193 00:57:20,600 --> 00:57:22,040 The the big news this week was Pixelmon. 1194 00:57:22,040 --> 00:57:23,280 We don't have to go super into detail. 1195 00:57:23,280 --> 00:57:26,000 I'm curious if you can share maybe any insight into what the 1196 00:57:26,000 --> 00:57:28,800 team looks for in in partners. So like what? 1197 00:57:28,800 --> 00:57:32,040 What would make Pixelmon a good partner for for your stakeland 1198 00:57:32,200 --> 00:57:35,600 aspect of the of the company? I think a lot of it is just 1199 00:57:35,600 --> 00:57:37,120 who's front of mind for the world right now. 1200 00:57:37,200 --> 00:57:39,840 You know, it's like, I think Pixelmon is something that like, 1201 00:57:40,480 --> 00:57:44,560 like they've just done an insane job going from what was the most 1202 00:57:44,560 --> 00:57:50,200 memed launch of of the entire year to actually being like, 1203 00:57:50,240 --> 00:57:52,440 actually there's kind of some interesting IP in there. 1204 00:57:52,440 --> 00:57:55,480 The meme is interesting IP kind of because it's a meme. 1205 00:57:55,680 --> 00:57:58,640 Let's turn this into something, you know, that one of the 1206 00:57:58,640 --> 00:58:02,440 founders has been a, a holder of, of MVP since Day 1. 1207 00:58:02,440 --> 00:58:05,040 So it's a, it's a team. We know a lot of community 1208 00:58:05,040 --> 00:58:06,560 overlap. Like our community is out there 1209 00:58:06,560 --> 00:58:08,480 being like, this is a project we want to work with. 1210 00:58:08,760 --> 00:58:11,520 And then they also just have a ton going on really kind of 1211 00:58:11,520 --> 00:58:13,240 interesting. I mean, one thing that's cool is 1212 00:58:13,240 --> 00:58:16,760 they're given 30% of their token to Pixelmon holders, you know, 1213 00:58:16,760 --> 00:58:20,840 30%, you know, 5% of TG and then 25 will be a drip over time. 1214 00:58:20,840 --> 00:58:22,760 But they're really hooking up their NFT holders. 1215 00:58:23,800 --> 00:58:26,720 You know, their YouTube account got a shout out from the CEO of 1216 00:58:26,720 --> 00:58:29,240 YouTube a couple weeks ago. Like they built out an 1217 00:58:29,440 --> 00:58:31,080 incredible social media platform. 1218 00:58:31,560 --> 00:58:35,840 I mean, they just have a lot of a lot of a lot of sticks in the 1219 00:58:35,840 --> 00:58:40,280 fire where I, I think there's a lot that can go right for this 1220 00:58:40,480 --> 00:58:43,160 great set of investors. Like aggressive terms. 1221 00:58:43,160 --> 00:58:45,560 I think investors were, I think, I think some of the rounds were 1222 00:58:45,560 --> 00:58:49,880 as high as $300 million for FTV. Like there's just like a good, 1223 00:58:49,880 --> 00:58:52,320 good list of investors. I think you kind of put it all 1224 00:58:52,320 --> 00:58:54,920 together and, you know, we want to work with like one partner a 1225 00:58:54,920 --> 00:58:58,360 month, maybe two sometimes like, and I think all those things 1226 00:58:58,360 --> 00:59:00,400 also fit with Arsic, who is our last partner. 1227 00:59:00,520 --> 00:59:02,840 You know, the, the, as I said, the rune story didn't pop off, 1228 00:59:02,840 --> 00:59:06,480 but Arsic was complete. Has has always been completely 1229 00:59:06,480 --> 00:59:08,080 friend of mine. For Ordinals, this was the 1230 00:59:08,080 --> 00:59:11,400 hottest narrative we got who we thought was arguably the top 1231 00:59:11,400 --> 00:59:14,880 player, certainly one of the top three players in that game. 1232 00:59:14,880 --> 00:59:16,520 A-Team. We liked our holders, had a lot 1233 00:59:16,520 --> 00:59:19,120 of exposure. So those are kind of recurring 1234 00:59:19,120 --> 00:59:21,680 themes for for what we look at. I like it. 1235 00:59:21,680 --> 00:59:25,840 I think you have to be excited about that as a meme holder, as 1236 00:59:26,080 --> 00:59:28,720 a meme line NFT holder, just having access to these products, 1237 00:59:28,920 --> 00:59:31,320 you don't have to go out and do your own shopping. 1238 00:59:31,320 --> 00:59:34,840 You effectively had the team bringing them to you and then 1239 00:59:34,840 --> 00:59:36,920 you can go on quest. So I love the model. 1240 00:59:36,920 --> 00:59:39,080 I'm a fan of it. I guess before we wrap up any 1241 00:59:39,080 --> 00:59:41,520 surprises, you're you're what, three months in to meme line? 1242 00:59:41,680 --> 00:59:42,880 Is it? Is it more than that? 1243 00:59:43,560 --> 00:59:49,120 Honestly like it. It's the reason I joined Meme 1244 00:59:49,120 --> 00:59:52,240 Land is because they are good people who work there. 1245 00:59:52,480 --> 00:59:55,720 Like Ray is someone I've been friends with for 12 years. 1246 00:59:55,920 --> 00:59:58,080 He's a religious guy. Like he takes being a good 1247 00:59:58,080 --> 01:00:00,080 person very, very seriously. He's been through a lot in his 1248 01:00:00,080 --> 01:00:02,920 life and he's out there. Like, you know, the, the one of 1249 01:00:02,920 --> 01:00:04,880 the most surprising things I talked to was, you know, our 1250 01:00:04,880 --> 01:00:06,680 first conversation, my first conversation with our market 1251 01:00:06,680 --> 01:00:08,920 maker is they said this is our only client that doesn't sell 1252 01:00:08,920 --> 01:00:11,160 their own token. You know, like, because Ray's 1253 01:00:11,160 --> 01:00:12,280 like, no, I don't really want to do that. 1254 01:00:12,560 --> 01:00:14,400 You know, we, and we do sometimes we'll sell the token 1255 01:00:14,400 --> 01:00:16,760 by captains, like do things like that if we see like a value 1256 01:00:16,760 --> 01:00:19,640 misalignment or if we want to invest in another project or 1257 01:00:19,640 --> 01:00:21,840 something like that. But broadly, like they're good 1258 01:00:21,840 --> 01:00:23,040 people. One thing that surprised me 1259 01:00:23,040 --> 01:00:26,200 honestly, is like Ray is a better CEO than I expected, and 1260 01:00:26,200 --> 01:00:28,040 I expected him to be good. I think he's a really talented 1261 01:00:28,040 --> 01:00:30,320 guy. And Char, there's a guy named 1262 01:00:30,320 --> 01:00:32,920 Char who runs our business development side. 1263 01:00:33,880 --> 01:00:35,440 I guess we call him the chief growth officer. 1264 01:00:35,440 --> 01:00:38,760 I call him the CGBO, the chief growth business officer because 1265 01:00:38,760 --> 01:00:41,880 everything's a meme at this company, but he, he's one of the 1266 01:00:41,880 --> 01:00:44,760 best deals guys I've ever met. You know, he's just, and he's 1267 01:00:44,760 --> 01:00:47,840 also just a truly good person. So like, it's just been a fun 1268 01:00:47,840 --> 01:00:51,200 team to work with. Like, and they do good things. 1269 01:00:51,200 --> 01:00:54,400 And you know, overall I've been, I've been pretty happy with how 1270 01:00:54,400 --> 01:00:59,080 it's gone. Love char love love Ray 9 gag. 1271 01:00:59,080 --> 01:01:02,400 It just seems like the the team is clicking on all cylinders. 1272 01:01:02,400 --> 01:01:05,240 So super happy for you over there and the impact you've 1273 01:01:05,240 --> 01:01:06,560 made. It's going to be fun to watch. 1274 01:01:07,360 --> 01:01:09,640 Yeah, I mean, if I if I'm not going to only like just be like 1275 01:01:09,640 --> 01:01:11,440 a total fanboy. Like the other thing that I do 1276 01:01:11,440 --> 01:01:14,040 know is also is it's like Web 3 where you're constantly kind of 1277 01:01:14,040 --> 01:01:15,840 changing things. You're constantly trying to 1278 01:01:15,840 --> 01:01:18,360 figure out what's next. Like that is real, you know, and 1279 01:01:18,360 --> 01:01:19,960 that was more so the case that proof. 1280 01:01:20,280 --> 01:01:23,600 But here it's like you kind of have to keep up with the 1281 01:01:23,600 --> 01:01:25,880 narrative and move incredibly quickly. 1282 01:01:26,080 --> 01:01:28,600 You know that it like if you know, if, if three months ago 1283 01:01:28,600 --> 01:01:32,040 were like, holy shit, ordinals are hot, you know, and then you 1284 01:01:32,080 --> 01:01:34,520 and you come up with you like you have to adapt your narrative 1285 01:01:34,520 --> 01:01:37,240 for the moment. And even things that are obvious 1286 01:01:37,320 --> 01:01:39,160 aren't don't always go the way you expect. 1287 01:01:39,160 --> 01:01:41,920 And like that part is something that we're constantly adjusting 1288 01:01:41,920 --> 01:01:44,840 to. But it's a really good team. 1289 01:01:45,320 --> 01:01:48,200 The holders are great, like the you know, the holders, like any 1290 01:01:48,200 --> 01:01:51,160 discord, like the holders, you know, have mixed views at all 1291 01:01:51,160 --> 01:01:53,560 times. But after going through proof, I 1292 01:01:53,560 --> 01:01:55,480 think every discord is like the opposite of fun. 1293 01:01:55,520 --> 01:01:58,680 So by and large, you know, it's it's been a great company to 1294 01:01:58,680 --> 01:02:01,840 work for. Fair assessment and you have to 1295 01:02:01,920 --> 01:02:04,960 you have to keep iterating and moving and shifting in web three 1296 01:02:04,960 --> 01:02:08,800 because our attention spans are about 30 seconds long at at this 1297 01:02:08,800 --> 01:02:10,840 point in time. So you, you got to keep things 1298 01:02:10,840 --> 01:02:14,440 fresh and innovating. Well, Sam, this has been 1299 01:02:14,440 --> 01:02:16,920 fantastic. I want to be conscious of your 1300 01:02:16,920 --> 01:02:19,080 time. We are over the the hour mark. 1301 01:02:19,360 --> 01:02:21,520 Thank you for joining us. This was such an incredible 1302 01:02:21,520 --> 01:02:26,240 insight and the NF TS blast meme land and and the team over 1303 01:02:26,240 --> 01:02:27,360 there. So really appreciate it folks. 1304 01:02:27,360 --> 01:02:30,040 If you're not already, I'm sure you are, but go give them a 1305 01:02:30,040 --> 01:02:33,200 follow at Punk 9059. Go check out meme land, go check 1306 01:02:33,200 --> 01:02:34,840 out steak land. See everything they're cooking 1307 01:02:34,840 --> 01:02:36,360 with Pixelmon. Pixelmon. 1308 01:02:36,360 --> 01:02:38,160 Shout out to them. They've got their tge coming 1309 01:02:38,440 --> 01:02:41,160 next Monday. But Sam, thanks for coming on. 1310 01:02:42,440 --> 01:02:45,520 Thank you so much for having me. You're you're you're the best in 1311 01:02:45,520 --> 01:02:47,720 the biz of what you do. So always, always happy to chat 1312 01:02:47,720 --> 01:02:50,280 whenever you ask or, or Amanda or, or Firoch. 1313 01:02:50,280 --> 01:02:53,000 I've I was thinking the other day I came out in one of my 1314 01:02:53,000 --> 01:02:55,360 first, when I was first building this account, they invited me on 1315 01:02:55,360 --> 01:02:58,080 the show and I was thinking how how nervous I was before I went 1316 01:02:58,080 --> 01:02:59,560 on that show. It must have been 2 1/2 years 1317 01:02:59,560 --> 01:03:01,680 ago and it went really well and all that stuff. 1318 01:03:01,680 --> 01:03:04,280 But now it's just so fun 'cause you guys got a lot of the best 1319 01:03:04,280 --> 01:03:05,600 minds in the space. So I was happy to come on. 1320 01:03:06,240 --> 01:03:08,160 It's funny you say that. I remember that show and that 1321 01:03:08,160 --> 01:03:09,600 was the first time I'd I'd heard from you. 1322 01:03:09,600 --> 01:03:11,840 I was like, who is this NMT stats guy? 1323 01:03:11,840 --> 01:03:14,600 And it was from that show. So it worked. 1324 01:03:14,920 --> 01:03:18,280 And I think that kind of kicked off your your meteoric rise, so. 1325 01:03:18,280 --> 01:03:19,800 One, one step at a time. Man. 1326 01:03:19,840 --> 01:03:22,640 What really kicked off my meteoric rise was I want. 1327 01:03:22,800 --> 01:03:24,920 We'll save that for the next. Show we'll do that. 1328 01:03:24,920 --> 01:03:28,080 Yeah, we got back on maybe with Farok and Mando so we can really 1329 01:03:28,080 --> 01:03:31,480 chop it up but folks, we're gonna go ahead and wrap things 1330 01:03:31,480 --> 01:03:35,640 up for this episode of the FOMO, our episode 123. 1331 01:03:35,640 --> 01:03:38,280 Thank you for joining us. We'll be back tomorrow. 1332 01:03:38,320 --> 01:03:41,600 I will be back, but Farok and Mando will be back catching you 1333 01:03:41,600 --> 01:03:44,320 up on everything macro. Hopefully we've got that ETF 1334 01:03:44,320 --> 01:03:47,840 news by then, but till then, let's make it a great day. 1335 01:03:48,080 --> 01:03:48,400 See ya.