Yo-yo yo-yo yo what up what up. Good morning good morning GMGM
Tuesday January 28th 2025 look at that another beautiful day to
have a beautiful day. I got my Co host in the house
Tyler Mando. Good morning lads.
How you guys doing today? Great dude.
Fantastic. Sorry about that.
The shirt stays on. The shirt stays on.
Look at that, Tyler dude. Look at this.
Men's got a shirt on. Tyler's got a Bulls hat on.
See. It's almost that.
We're so back. Tyler, how you doing?
Yeah, I'm wearing the green Bulls hat for for a reason,
because we're we're we're back in the.
Group the hat deep. Seek Fun didn't send us to 0.
Shockingly, it lasted for 24. How are the Bulls doing?
Are they like just? They're average.
The average, right? What happened to Yanik Noah's
son? What's his name?
This iconic French tennis man turned singer.
His son was on the Bulls. Noah, right?
You guys don't know Yanik Noah? Icon.
Yeah, he was. Yeah, yeah.
Joachim Noah, yeah. Yeah, he was great.
Yeah, yeah. So his father's like a mega
legend, bro. Like herbal French legend, like
big tennis player back in the glory days of tennis.
I don't know what I'm saying. And then and.
This is the current glory days of tennis.
We just went. Honestly, honestly, you're
right. Like we we're lucky because like
if for the tennis fans out there, like we actually just
went through like some fucking crazy glory days between Akaras
and even before Djokovic, Federer and Nadal and all these
players, Andy Murray. Anyways, we're talking about
tennis with Logan. That's what I have that in my
head. But anyways, that's the bulls,
dude. You guys won yesterday.
Look at that. Wait, how are the Bulls doing?
Bulls NBA standings? It's just average.
They like average to pull if I'm honest.
Yeah, they're they're 10th fuck out of 15.
That is, that is proper average. That is good read here Tyler.
This is all to be in. It's like you're not at the
bottom. So you never get the best
players in the draft. Yeah.
And but you, you can't. You can maybe sneak into the
playoffs, but it's like, what's the point?
It's the worst place because you're not going to make the
playoff, but you're also not going to get a good draft spot.
So you're like fuck. 6 Figure hell right there 6.
Figure that is literally that is literally the definition of 6
figure hell. Where the where the bulls are
right now? Can I like my Habs were for the
last few years, You know, except that we were stuck in five
figure hell and we kept drafting good.
So hopefully we'll make the playoffs this year.
We'll see that we're in a good spot.
We're in a good spot anyways today on the show, actually, you
know what? Speaking of bulls, Scottie
Pippen, guys, I I got to say it like Scottie Pippen is becoming
the biggest bull on the timeline.
Like he's. The only bull left.
The only bull left on the timeless Scottie Pippen are you?
Are you following this man though?
No, I mean he occasionally comes on my feet when it like it's mad
engagement, but I don't, I don't generally have him on.
Brother, this guy is non-stop bull posting like a madman.
Yeah dude, he's like the he's literally the biggest bull.
Like there's like he's always bull posting.
Look at this. He's only tweeting about.
He met Satoshi, right? So.
Yeah, he met Satoshi and he goes, you know, like he's always
tweeting about crypto. He's retweeting CZ.
You know, as a student in this new world of AI, crypto and
tech, it's exciting to see innovations like Deep Sea come
to life. Even cooler, building on AI like
Grok. The best way to predict the
future is to create. Come on, dude.
If that is that not, is that not?
He already did a token, right? He did like 7 tokens.
At this stage I don't even between NFTS and and and tokens
right? But listen, he he's he's active,
you know, he he's still he's still promoting his stuff and
he's bull posting, you know, so you absolutely love to do.
He's talking about Eliza OS about Python, and he's still
promoting his ball token. So respect, you know, he's still
going at it, you know? Yeah, we got it.
Like, should we? I did.
Should we ask Scottie Pippen on the show?
Yes, 100%. Come on for Tyler, for Tyler,
for Tyler. Come on.
Come on community, I'm a Spider's Coca-Cola right there.
Anyways, dude, yes, Scottie Pippen is Michael Jordan the CT
bro. Dude, he used to listen to me.
No, no, he doesn't follow me. I thought you might.
Yeah. Like, you know how like some of
these guys follow everyone. Yeah.
Follows me. Does he follow your time?
Yeah. Damn right he does.
Come on, dude. I interviewed the president.
Do you remember? Gosh.
You're going to be milking that for fucking decades.
He always follows 197 people. Wow.
There you go. There you go.
You know what I mean?
Anyways, tell the show. Oh, my God.
What did we we should literally. And he gives away a Bulls.
Yeah, dude, let's let's make something happen.
Fuck it, dude. I don't care.
You know, we can ask him about all the projects he he launched
and stuff. Yeah, As long as we're like, we
ask him about this stuff, I think he should be able to come
on the show. Fuck.
He's Scotty Pippen after all. OK.
And we got a Chicago Bull Co hosting the show.
We got to we got to make it happen anyways, the other show
market report looks like we're bouncing.
Love to see that too much bear gloating on the timeline.
You know where they're calling for $70,000 Bitcoin, you're
supposed to go long. We got Tyler's top 1000.
Hey, I have a feeling you have a lot to talk about today because
we got a coin based listing. We got so much going on.
We got abstract launch. We got lots going on on on the
timeline. No, Scottie Pippen is not a
bigger bull than me, that's for sure.
I am the biggest bull on the timeline.
And then then last but not least, Oh no, we have basement
run coming on today, huh? Basement run.
So we planned this like 2 weeks ago, people on the timeline on
the show were like, yo, get him on, get on.
Fucking fucking we'll get him on.
We'll get him on. And then yesterday he gets
hacked and or fish or social engineer, whatever you want to
call. But anyways, like something
obviously all this stuff happened to him yesterday and we
checked in. He's still coming in today.
So we'll have him on the show today.
Shout out to basement run. He'll be on in about 30 minutes.
And then last but on this Robert loot box bin, and this show is
powered by who's is powered by you already know, galaxies.
Galaxies is a Web 3 platform empowering creators and brands
to build unstoppable communities with full ownership and
independence, trusted by icons like Donald Trump, Steve Aoki,
Mike Tyson and being NBA speaking.
Speaking of Scottie Pippen, shaping together the future of
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If you get drained, you won't be wrecked man don't.
Who is the? Man.
Can you dig it? Yeah, GM, everyone.
So we had a bit of a day yesterday.
I think by the time the show went live, we kind of were
recovering, right? Bitcoin was back above 100K and
then it was dancing around 100K for a while and then towards the
end of the day decided that this wasn't going to be that bearish.
Bitcoin dominance has been kind of hanging out around 60%
Bitcoin and the majors have definitely been performing
better than alts, but Ethan and and Solana both had a decent 4
to 5% bounce from from where they were yesterday.
In terms of macro today we've had a little bit of a bounce in
tech stocks, but doesn't seem like anything like crazy.
NVIDIA is up 1% today. So there is definitely some
ongoing effects, I would say of what people think this this
could mean for the chip market. The the general CapEx spend of
of LMS. Interestingly, like some of the
other Magnificent 7 stocks were high yesterday.
And there's been some talk about the idea that some of these guys
were overspending on on some of his AI stuff and that that maybe
allows him to spend a lot less on this.
So the main fallout was really against NVIDIA.
And, you know, the market's just painting a bullet picture, a
bullish picture again for everything else.
So a little bit of a rebound in macro there.
Silver second video is the one to to watch.
The commentators from the broader AI community have all
basically came out and said, look, this looks pretty real.
It's a wake up call. We need to do better.
And I think I think that's that will probably drive, in my
opinion, even more investment into this, like this is going to
be some sort of war between China and and the USI can only
only imagine they're just going to keep on spending until they
get to capacity each time. So, yeah, this this does feel
like just at the moment it's being seen as a bad impact on on
NVIDIA and NVIDIA chips for our bags.
And what I think happened again really is that Trump rallied.
Trump was relatively strong yesterday, and then Trump went
back above. Yeah, Trump went back towards 30
today. You know, it wasn't lower
yesterday. It was actually higher on the
day yesterday and then higher again yesterday, today, Sorry.
And I think when Trump rallies, the rest of the markets can't.
Rally, it's so funny. It's like AI coins are looking
good for a minute there and and then they've kind of just dumped
again today. In fact, a lot of stuff has
again today in broader memes as well.
Like if you thought you were going to get a respite in meme
tokens or AI tokens on Solana today, you didn't.
They've kind of just headed lower again.
Yeah, now we just have a pretty big launch in Yeah, in VVV,
this, this token by ARC Voorhees, which I'm sure Tyler's
going to talk about. But without that, it would have
looked a lot worse out there for AI agents.
AI agents particularly today AI16Z is kind of back below is
where it was yesterday even with Bitcoin 103 K same for a XBT ARC
like these are all touching upon the lows that they were they
were hitting yesterday even far coins back down to.
Yeah, I saw that. Right.
Like it had a bit of a jump yesterday and looked like it
could reverse and that's kept going.
So and I don't know what that is other than than people are aware
that new launches seem to be running way better than current
coins and that there's probably a lot more to come.
And then as as we just saw with VUV and then the second thing
I'd say is that Trump always just takes a huge amount of
attention and volume and focus, I think from from the trenches.
So that's, that's generally been it like my sort of buyback plays
have generally done better today.
It's like Jupiter Ray high all coins, which are more like
they'll buy it back based on volume going through that.
They're all kind of outperforming in the in the
altcoin space, but there's not a lot of winners out there right
now looking, looking down the list, It's really just Bitcoin,
yeah, on a ETH, which have kind of bounced back and the small
subset of gaming meme coins as MLG kind of goes up towards 150.
So yeah, I think a lot of people probably wishing their own
Bitcoin today. Yeah, or GLP.
Or GLP. Sponsored.
No, I'm just kidding. This is definitely not a
sponsor. If anything, we're paying to
talk about it. If anything, we're definitely
the ones paying. But seriously, like this has
been such a comfortable like like like token.
I have, dude. Seriously.
Like I'm now feeling it for the first time, man.
Though I'm feeling the JLP comfort in my bags.
I felt it because this is like the first time there was a big
bigger dip since I actually owned the thing right.
It went from a 270 to two 6229 on sole Bitcoin went sub 100
Ether may nearly went sub 3000. GLP went from like 4.8 or 4.9
top top top to like 4.65 and now back to 4.7 something which is
where I bought it like I think that.
It's barely moved, like I think the high high high was about 4.9
when when right when Bitcoin hit all.
Time yeah that was like you can't catch that you know it's
one of those highs that you can't really buy so and it's not
bad like even my second buy is like 4.8 ish mando and I'm like
OK well it's down a penny there's.
A good tweet I retweeted today which shows hyper liquid right?
So did if you go to my profile maybe?
Yeah, I see. Yeah, yeah, yeah, I see it.
Let's see it one second. Let me share my I hate Mozilla.
I got to fix this thing. I hear.
So as you may have already guessed by this stage, not a lot
of perp traders take money over the long term or the average 1
does not even the best ones blow up.
This basically just shows that despite Bitcoin going high,
right? This is from looking back on the
dates, right? From November, right?
You see 20 to 11:20 to 11:00 on that chart.
Like from November and maybe even before that, Bitcoin
doubled. Bitcoin doubled.
Yeah. And Hyper Liquid made about
twenty $30 million. So this says a lot about about
perp trading out. There.
Wait, that means perp traders are down 62 mil total?
Yeah, despite Bitcoin in that time frame doing.
Yeah, yeah, these people suck, dude.
Only Tyler. Only Tyler has a positive
fucking. Piano it was, until I longed the
soul at 269 last week. Precisely.
It's it's always. It's a great story until, until
it's. Not yeah, that's why I stopped.
GLP is right. GLP is that you?
It's another version of this. So how Hyper Liquid works is
it's actually it's own token. There's no backing but you just
they just buy the hype hype token with these profits similar
to how Ray does it. How GLP works is it's a basket
of of the actual liquidity. So so Ethan and mates and you
get that on top. So I am bullish on perp traders
losing money over the medium term and that's why you should
bullish on GLP. And not hype and pull up the
hype chart. Like, let's, let's, yes, Sir,
let's pull it up. Absolutely.
You don't talk about Hyperton on the show.
With pleasure. I mean, it's based great coins.
Consolidating in this channel between 20 and 25 now.
Yeah, dude. After that kind of blow off run,
I feel like whenever this starts to move back up, it feels like
it's going to explode. They've got a full ecosystem
that they're, they're just in like the dawn of building out.
Yeah, good coin, good coin. Doing the buybacks they're
earning, the fees they're hitting.
So so what's our favorite coins now like it sounds like from the
sounds of you guys in the show and how a position is really
like BTC Soul Jupe JLP hype Ray like these players like these
plays on buybacks or more safer bets that while the meme casinos
kind of. That's exactly, I mean, I, I was
very vocal about that the day after Melania, right?
That suddenly it felt like the game had changed and people were
it become If it wasn't PVPVP before, it felt PvP afterwards.
After Trump and Millennial let's say.
And then how's the spread going? I saw Tyler, I saw Tyler.
I saw your post, Tyler. Yes, the expert.
Where's Ovi? This must be the worst meme coin
ever. Like I don't there's going to be
a worst meme coin. Who owns this?
But who did this? I want to know who did this now
who owns this? How's no one dug into this?
Like there's all these people like the second I sell like
$1000 worth of a coin. Sleuthing motherfuckers.
This coin ruined it for us. Ruined all of our lives. 300,000
holders like. Bag holders.
This coin is going lower, people.
All right, There's no doubt in my mind.
It's going to go so low. 294,000 actually.
It's bleeding holders. It's lost 72.9000 holders in
seven days. God damn.
That's the only thing I can really turn off at this stage.
I don't know where we are on the cycle, but the only thing I can
be certain of at this stage is that we're going to keep on
getting tokens like this and the casino is going to continue.
Yeah, that's why I think people like, own hype as well.
Like hype is just hype is another version of jail.
Pixie shovels. If you look if you're looking to
make money off perp traders you you buy hype or JLP.
If you make money off spot traders you seemingly you buy
Jupiter or Ray. I think the best thing is make
money on perp traders because there's just such bad traders
honestly. But the.
The really good thing about perp trading, and actually it's not
that good, but like on the really bad days, on the really
bad days, everyone gets liquidated.
But it looks like this is the story of the cycle, like it's
going to be. Right so hyper liquid yesterday
barely moved as the as GRP because like everyone's been
liquidated so they have all these fees coming into the
protocol. So they to be fair, hyper liquid
always looks best on days on this sort of a period, right
where everything's down or sideways and everyone's getting
the same with all these sort of coins.
These are coins to own during a chop basically.
So maybe that is what I, I'm implicitly saying here is that
it looks more likely that we could get a chop here.
And if you, if we do think we're going to get, you know, you
don't think Bitcoin's going to 70 K, but you do think Bitcoin
could just like chop here for a while.
We said it. We said it on the show 1st and
everybody picked up on it. Six months was six months to
chop. Yeah.
Then then there are certain coins that you'd want to own in
that period and and Hype is one of them, JLP is another, Ray is
another and and Jupiter now although we don't know their
fees would probably be another. OK.
That is, I want to say that that is a scenario where Bitcoin
ranges 95 to one O 8 for another month or two and the only coins
that run are the new runners of the day, which are basically
unviable because they get to 2050 million whatever like the
second they launch like that will be Max Payne for.
For Twitter, yeah. That will.
Dude, honestly, did you guys see that tweet?
Like the world if Milania never dropped a coin?
It's like that meme. I just like my dude.
Like I love the Trump admin, all that good stuff.
You know, we're always like USAUSA, let's fuck him up.
Like, you know, like Bitcoin to $1,000,000 and then this
happens. Here's the thing.
We need adversity in our lives. We don't want the easy path.
That was the you know, I love. Your approach, Tyler Tyler's in
the chat telling everyone like I like that he's the guys.
It was too easy you know we needed this curveball.
We needed Melania to come in and just wreck us to make it harder.
He's right. Crypto has to be hard mode for
us to win Speaking of Tyler, let's see what you got for us
today. Four daily NFT and crypto
analysis. Tyler takes on four more hours.
The kids can. Yeah.
Folks, it looks like the deep seek dip is already over.
Crypto majors rebounding swiftly.
Very green here, led by XRP and Solana.
In headlines. We've got the the Kucoin Co
founders. They've stepped down to pleading
guilty to operating an unlicensed money transmitter and
paying a $300 million settlement.
We had fintech companies Sofi say it will aggressively return
to crypto under Trump and the new SEC, just the latest bank
slash fintech to to make that kind of announcement.
The Trump family WLF, they keep buying E folks $10 million a
day. It seems they're now up to $182
million worth of ETH. So they're buying Metaplanet,
the the Japanese micro strategy. They're raising $745,000,000 to
buy more bitcoins. More companies are doing that.
And then it looks like this Tuttle Capital applied for a
chain link Cardano and polka dot ETF.
So all the tokens are getting ETF in protocol and abstract new
and AirDrop news. I went there.
Freudian sub Abstract debuted its mainnet yesterday, launching
its new XP system, dozens of apps streaming, meme coin
trading, and more. We saw Open C debut its B2 beta
for holders of Gym Assist and seemingly select members from
their wait list. We had this protocol, Symbiotic,
share a cryptic post on X alluding to a potential AirDrop
coming today, so watch out for that if you're in that
ecosystem. And then Boyko, the liquidity
protocol for Bear Chain that opened briefly this morning,
looks like it crashed after some big demand and AI.
We kind of talked about this total market cap briefly was,
although that was largely aided by the addition of the V token
that V launched ran to $22.00 at peak, 2.2 billion FTV to the 13.
This is a token tied to Eric Voorhees, Venice platform for
private uncensored AI. And guess what, you got listed
on Coinbase day one. You don't see that too often
these days. We don't.
We also saw this truth chain project launch.
It hit $14 million at peak. That's tied to a decentralized
fact checker for LLNS and then deep seek.
They actually did have announcement.
So they released a new model that does image generation
similar to doll E, though there was some growing speculation
that perhaps they have more GPCPU power than disclosed.
And then shout out to Wreck Guy. AII don't think we talked about
this yesterday. Cleared over $25,000 in their
first AI generated one of one auction from the agent.
So that was pretty incredible to see.
I can't believe I forgot to talk about my bags.
Yeah. I'm here to remind you.
Thank you, memes. And FTS.
A couple of headlines here. Meme leaders mostly green on the
day. MLG was a big winner, it was up
50%. SPX and Giga were also big
rebounders using the broad memes.
I'm looking forward to it. I'm really looking forward to
the checking back in on SPX versus MOG here but but.
It's it's a billion dollars still.
Maybe we should just. Cut.
Let's just cut my update short and let's just pull up the SPX,
the MOG spread. Fuck you, dude.
All right, you win that one. I know you sold.
Some for work, but what the fuck has happened?
Look, I don't know. I thought today.
And I was like what they said like 3 coins on ease.
I know. I know, but you know what?
I was going to buy some. Today I was like, oh, this is.
We've been through that A. Lot I know this is.
What this is when I only bought a very small amount last night,
it went down to this sort of level on mug.
This is what you usually buy. That's like.
Sounds like your type of trade, like you.
I bought. Some at like nought .9 or and
then I was speaking to Wintermute, you said they had
more supply and I was like oh I don't want to buy anymore now
and then and then it's like giga cent.
After that I was like, fuck yeah, it was just pump I think.
Maybe I should speak? To wintermute again, get some,
get some coins, let us know. Please what I mean also tell
them that if they don't mind, just like giving all the far
coin to Coinbase or returning it to Andy's wallet or something
would be great. Not looking good.
Man, on the AI stuff, yeah, not. Great, We'll we'll talk about
that yeah I mean, listen, Tyler, you know you can win this small
battle, but don't worry, mog will win the war I'm.
I'm not looking to to dunk or or Victor.
I'm playing. I'm.
Playing on Mog. Like this has got to be the time
to buy, right? That's what I was like.
I was like, I mean, it seems like 450 million.
It's hard to hard to for me to imagine that trade is over.
I guess the good thing about. MOG is, you know, the big guys
are not selling here. The main dudes what I don't even
know if. You're joking, Kayden.
'S not selling 445,000,000 I. Have no idea but it's always the
no I'm seeing it. Like I'm just saying like these
guys like are proper like I don't know about Kmart.
I'm. Not trying to call out anyone
else, but like there's always somebody.
I mean, a token doesn't do that. Well, yeah, I mean.
It's red, so obviously there's self pressure.
Yes, you're right. But no, listen, also like
Ethereum's just really creating like fucking trash.
Well, it is what? Really surprised me is that if I
was to pick eve memes there's only really Pepe Pepe req.
Mog, right? Yeah, well, REQ is in the like
let's say the sub 100, but like with the ones that are like SBX,
MOG and Pepe, right. Pepe to be fair, is down a
decent amount. But yeah, we talked about this.
Yesterday. But MOG was the one I was like,
you know, MLG is at 150 and Mog's at 4:50.
I feel like there's not dissimilar crowds, right?
Like, well, you. Mean like banks and like Zuma,
kind of like. You know, more West Coast based
like a lot of similar holders I think.
And I looked at that and I was like wow, like that's MOG has
been around for a long time and it's on ETH and there's only
like 3 ETH memes that anyone ever buys.
Yeah, listen, I really don't know here.
I just know that from my experience holding mugs since
like day zero, it's that it's usually like when it's down so
bad, it bounces out of nowhere, right?
Like it's like, you know, because you were there.
But yeah, because I. Try to this exact times I've
been like, oh I'll buy a little bit.
It should have bought way more and then just like quadruples it
tends. To do this weird thing, dude.
Like it's weird. And then you're like, fuck.
Anyways, Tyler, what does it got for us today?
Should we talk about VVV like you have the TLDR?
All this stuff, the play by play.
What happened is on VVV. Tyler.
Yeah, I can. Explain what it is.
So this Venice token or VVV is tied to Venice.
It's the access key for AI agents and developers to consume
private, uncensored inference through their API.
Their mission is provide permissionless access to private
and uncensored machine intelligence.
This is a protocol that that launched their token after
they've already had some some significant success in the
market. So they launched in May 2024
four 100,000 users, 50,000 daily active 15,000 inference requests
per hour. And now with the launch, they're
opening it up to the public for AI agents and devs to start
connecting and paired it with their, their Venice token.
You had Jesse Pollack, do you know basically a public campaign
yesterday he, he tweeted a few times, he said how BBB is how
agents will access inference and compute on chain, which was a
pretty big endorsement there. I think the team also gained a
lot of support from the community by air dropping over
250,000 people basically anyone who held virtuals or some of the
virtual tokens on base within the snapshot window.
And I think that took place in in late December.
They received some of these tokens like several of my
trading friends, you know, got 3050 a hundred tokens in this
AirDrop shot this in the cousin they got like 9000.
So wow. Dear crap.
God damn. Those who were.
Deep in the virtual's ecosystem. I don't know if I.
This is from Eric Voorhees, you know, a pretty big personality.
Yeah, it's super. Legit, like it's like a really,
really big, big, big corner, right And the.
Token just I mean this just gave us a taste like we have so many
of these AI tokens are just tied to like unknown teams, unknown
products. It's a little unclear who's
really behind it. And then when you have something
from a big established name, like we just see what the, the
demand for this is. And like it, it was very hard
trade to make it. It went like it opened up.
It was a dollar and then it was $15 and an hour, hour, hour and
a half. So like unless you were super
early, you did not get in on the ground floor of this.
And then we got Coinbase was going to list it.
Coinbase. That announcement shot to 22.
Then the listing actually did go live later in the evening.
It rebounded to about 20 on the, on the Coinbase listing.
But it has since been selling off kind of settling in around
13, which is still 1.3 billion FTB $300 million market cap.
So wow, the big loss we've seen in in AI.
Whatever. Yeah, easily, right.
This is this is this is some impressive stuff.
I mean, good for them. I'm curious, is it an AI?
Agent, I don't really know why I got put in the AI.
It's not. It's not an AI.
Agent yeah, I'm getting a little confused by the cookie Duff on
like, yeah, they shouldn't. Have included it really I don't
think at least even like just like you.
Have an agent adds the whole valuation of the token.
Yeah, like Toshi did or even wrecked for his worth, but I
don't know. Cookie just needs.
To change their, their nomenclature like they're,
they're basically including all the 2024-2025 era AI launches,
but they're just not being Tau. And you know, the, the pre the
prior class of AI infra. OK.
Well, that's good for, I mean,
did you guys get an AirDrop? You guys were big in these coins
for a while. The only time I've ever owned
one of these coins is AIXPT and I owned it on Binance and I
owned my own. Solana so I I missed out no
wait. I owned it on ETH.
So you should check. You might have gotten some.
Yeah, I know, but it's from. My it's from my Ledger.
I don't want to like sign GVV for my Ledger, should I?
I wish you could. Delegate that shit.
Can you delegate? Can some of the comments confirm
with me if you can use delegate? While MVV will be awesome, you
do me a favor. A solid 1 here.
I own quite a bit. For a second.
I had 600,000 coins until the Trump thing happened and I just
like you know, yeah, you might have you.
Might have been for the snapshot actually.
So wait, but the. Snapshot was before 31st right?
I think so it. Was December, Yeah.
Did you have it in? December, you made that as a
later trade for you. Yeah, I don't know, dude.
It was, No, it was, it was the week of Trump.
So no. So we could make Trump trade.
Worth looking, yeah. It's I'll have a I'll have a
little peep see if I have an AirDrop all right and in other
news, I see Ron basement Ron in the studio.
We'll get you in a second here for everyone keeper tweeting the
code today for rafflebot dot XYZ today's giveaway you'll either
win a red guy or a crypto punk Is is is Ron Ron is the code
today rafflebots dot XYZ, rafflebot dot XYZ.
I'll let y'all guess how to spell that and and the code is
wrong. We'll get to run in three more
minutes. But quickly, Tyler, we got to
talk about the abstract launch, I feel.
Yeah. Abstract is officially live.
We're sitting on there now. To.
To get in and and dig in, I think my initial reactions, I
think I don't know if I'm biased because I've got a bunch of
people in PFP and I own the Pingu token, but I think this is
the cleanest L2 landing page that I've ever really seen in
crypto. You know, you've got your wallet
right up there top left. The discoverability is
incredibly high. You can.
They've sort of. All of their.
Leading apps, so you can very quickly see what there is to do
on the chain. Trading interface is clean,
streaming is right there. I haven't had a chance to stream
or really dig in yet. That is definitely on my list
for this week. You're streaming on there.
Now, oh, that's right. You are literally.
Streaming right now on abstract. So this is just, I'm not going
to play it because it's going to actually here, I'll put here,
you're streaming on there now. This Is Us live and people are
tipping as we speak. Yeah, not bad, right?
Not bad. Look at that.
And then also you can hear you go mirror.
So we're streaming under the Myriad category and people can
click and go on Myriad directly. It's pretty cool, right?
It's incredible. Which is now an.
Abstract by the way, with a bunch of different markets
tomorrow let's go through the market.
So I'm curious about your calls. They mentioned me a million
points so I may as well just fuck around.
I was removed from the leaderboard, don't worry.
So so we should play around but yeah man, what do you guys think
of it? I saw a little thought about it,
obviously some a big sell off on the pudgy Penguin side, but
we're obviously also biased because like building on there.
But dude, it's like we're giving people so much shit and hard
time for trying and feeling the space I think there was.
Some day one issues, I think some things didn't work, but I
mean, it's just day one stuff like you have to, you have to
expect that. I think some folks, I don't know
if they, I think expectations were super high for like high
quality, high quality meme coins.
It's a launch like that's just not like how this all works.
I think it's going, it's likely going to take some time for TBL
to build yeah on abstracts because of how they did the
farming incentives. There wasn't a whole lot of
incentives for for folks to just start piling in millions on day
one like, like and if. Luca wanted to do that.
He could have, dude, he knows everyone.
Like he could have called motherfuckers to say, yo, lock
your TV out in there, I'll make a backdoor deal with you.
And he didn't, you know what I mean?
And what happened on? Blast everyone, mercenary
farmers came in their capital there they they took the tokens
and then they all took their capital out.
So like, what's the point in doing that?
I think Wrecked is doing something on abstract too.
I saw you guys on the Yeah, there'll.
Be a few things for them. I don't really know what has
caused the FUD. I guess the concept would be
that some of the apps there's not a lot on there maybe right
now. But like at the same time, I'm
purely doing this from I just logged in and took a look
around. I think it's obviously it's less
Web 3 by design, right? They've done e-mail.
It's not meant to. Cater to to to our friends in
the space right but. I think maybe people didn't know
that, but that's like that's like the main selling point of
abstract that it was meant to be, right?
You could onboard all of your friends to to using apps with
the e-mail essentially and that the wallet would be attached to
that. So like I kind of feel like it's
doing what it said. I think we'll see with numbers,
like how much people end up using it.
But I would say that if I was like, oh, do you want to play
around with some stuff in crypto, This is quite an easy
one that I can just send somebody and be like, yeah,
just, you know, get yourself set up on this.
The idea of like when I have to tell people, right, you have to
download Phantom, you have to move on here, there, like I've
lost a lot of people that way. This feels a lot easier.
Look, there's a lot of things that are missing, but there's a
lot of things that are coming, right?
Like, for example, we can't see how many people are viewing on
streamer now, but who cares? Like, I know it's going to add,
you know, I mean, it's just like Myriad, like for us, like, for
example, yesterday we had some bugs like moving on to abstract
and this and that. And Myriad is not a perfect
platform, but like, cut us some slack.
You know, like it's like you're trying to build something
sustainable for the long term. And I feel like in the space,
like we tend to expect so much from founders Day zero and then
we expect so little from the people who rug us.
You know what I mean? It's like, yeah, like you have
people are trying. So you know.
Which is lack of define abstract mode.
Blast had most depths front lines.
See this is the main difference between abstract and blast.
They haven't gone to black. I think people try.
We're expecting to go onto there, buy the 1st meme coin,
farm the 1st D5 project, buy the first NFT.
Yes, like that's not how this has been built.
It's not built been built on Ponsonomics.
It's built on a consumer facing, consumer facing apps.
So people can go on to yes, there's points programs and you
can make money after that. But they I mean, this is the
anti blast. I would say in terms of how it's
tried to launch it, it's less Web three Blast was very much
like, right, we're trying to do this with like, you know, core
Web 3 users all backed by Web 3. And the the apps that it's
backing are more like consumer facing, trying to get Web 2
users in rather than we're going to create the the best Ponzi for
everyone to play. Yeah, no, I agree.
I agree. It's a different ball game.
It's just different chains for different people.
And this one does not create, let's say to the art folks, it's
not create to the D5 folks, it's trying to create 2 outside.
And This is why we picked them, right?
So, so it's a it's a different thing.
But anyways, check out Marriott dot Marcus, sign up, get your
abstract XP because you can get extra XP for predicting on
Marriott, but also points on Marriott markets.
And we have some really fun markets live right now.
So make sure you sign up, make sure you're using the platform.
We got a lot of great stuff ahead.
For what it's worth, we got 2068 sign ups in one day yesterday on
Marriott because of abstract. So as a founder in in that
ecosystem, it was a very successful day for us and I'm
very happy about about it. So, you know, we'll see how that
develops. Anyways, the moment you've all
waited for, sorry, we're running like 5 minutes behind on this
show here. We got the man of the hour
basement run in the house run. Good morning.
How you doing today? I'm doing.
Well, I'm doing pretty good. I had a an unfortunate day
yesterday. I'm sure you guys heard.
I think it was. But yeah, you know what?
I'm here. And that's great to see you
guys. Great to meet you and looking
forward to our conversation. Hell yeah, Ron.
It's it's good to meet you. Listen, sorry about what
happened yesterday. Obviously we obviously heard
about it because we're like damn, like is he going to end up
coming or not? So the timing was kind of like a
little a little crazy here, but you know, sad to you for making
it, but also sad to your community.
I heard that your community rallied.
Yeah, in a pretty big way. Yeah, I'm.
Very grateful, yeah, they've helped replace about half or
maybe more now of the of the UFD tokens that were stolen from me
yesterday. So it's, it's like a roller
coaster ride. I'm like angry and mad at myself
and mad that this happened. But then also at the same time
very grateful and touched and moved by what the community's
been doing as well. Yeah, I know 100.
Percent. I mean, you got to love this
industry does the does the good, there's the bad, very bad, but
there's also the very good. So there's always people that
care. I saw Gigi and that crew started
showing up for you. Also shout to Keith Grossman
over at Moon Pay. Good friend of ours, friend of
the show that that that stepped up.
And I said you're sponsored by them, which I find super cool.
So love that without moon pay. Without Moon pay, I wouldn't be
here and they were my on ramp. So there you go.
It's organic, I guess you would say.
There you go. Keith, you got the perfect ad
spot right now. He's oh man, Keith is gonna love
that. He don't stop giving Keith so
much love, Ron. Anyways, I was just kidding.
I love Keith Umm anyways, Ron, like let's let's start from the
beginning right? Like so you're you're I kind of
want to like so who's Ron, right.
Like we know you as like you were, you were St. like you also
hold your your host, you trade gold, silver, all that good
stuff. All of a sudden you get into
crypto. So how did this all start?
Like who, who's Ron? Who's Ron?
Yeah, so I spent three years, every day, seven days a week
working on a gold and silver YouTube focus channel.
And I guess about six weeks and one day ago, after my wife had
sent me an article about meme coins where it pointed out that
you could start them relatively easily on pump dot fun, I
decided to do an experiment and and invested $100 bought my
first crypto. I'd never owned a crypto.
I mean, I knew what crypto was. I followed the market.
So, you know, I knew what bean coins were, but I'd never owned
a crypto. So yeah, six weeks ago I started
it really. I mean, it was just like an
experiment and oops, sorry, here, somebody's calling me.
Apologize and then it just took off with the because of the
community. I mean I didn't have I didn't do
any marketing per SE. I didn't do any.
I mean I did make one short 15 minute a YouTube video the day
after I created it. Just saying, hey, I created this
meme coin. It's Unicorn fart dust.
Don't buy it. And you know this.
The rest is history, including yesterday, my 66 week
anniversary in crypto. Wow.
And So what what made you want to what made you want to want to
start this thing called Unicorn Fart Dust?
Yeah, that was a funny name. Yeah, well, I'd always.
Called crypto Unicorn fart dust over the years.
I refer to it as, you know, in that and the US dollar.
And so that was was the I guess the the inspiration behind the
name. There wasn't I you know, there
there was no strategy behind any of this.
It was, you know, I tell people like, if I could have planned
this out, I would have been retired decades ago, right?
I was just this experiment that resonated.
Now in hindsight, I can see with a lot of people in the crypto
sector and I think a lot of people that are maybe a little
bit older as well, around my age group.
But you know, I, I didn't know, I didn't know that what a rug
poll was. I didn't, I didn't know anything
about crypto really like about what I mean, I knew what the
cryptos were, but I didn't know anything about the community
aspects. I didn't know anything about
like kind of what went on in the crypto sector.
So you know, it was just, it was all a big surprise to me and a
great surprise because you know, it's been a lot of fun.
There's been a lot of ups and downs, no doubt about it.
But overall, like the people are incredible and didn't realize
you guys were having this much fun over here.
We are having I mean, I don't know, man, some days, some days
I'm having fun, Some days I'm Googling, you know, Titus rope
on Home Depot, but not since I mean you've been you've.
Only done a bull market so far. We're on.
Yeah, Yeah. Yeah, yeah, the last six week.
Bitcoins just gone higher. Yeah, Yeah.
You just, you just wait, Ron, you just wait, OK.
But anyways, Tyler, you got a couple questions for Ron here.
Yeah, yeah. Ron, you, you kind of went
there, but I heard I, I listened to your stream from yesterday
and you said you had more, you had more fun in the past six
weeks than the past six years. So I, I'm curious maybe to
elaborate like what's been fun about like what have been like
some of the bigger surprises for you, You know, I.
I really it's the the people in the community from the very like
first day. I mean, I, I had Tyler, I had no
idea what I was getting myself into right?
Like I did not know that crypto Twitter existed.
And that's really where I exist and where my community seems to
be be focused. So like almost immediately, just
like the way that they, I have a, a bit of a warped sense of
humor and, you know, they would make these AI videos that that
was probably one of the first things where they would have me,
you know, dancing around in my basement, my underwear.
And, you know, I was like, wow, these people are funny.
They're fun, right? You know.
Just the just the community aspect of it and how look, I
lost $1.2 million yesterday to a scammer, right?
And that's thanks. I'm not going to lie to you,
right? I'm still I got, I feel like I
got punched in the gut and that's a lot of money to me and
my family. But the fact that like just what
the community can do as a whole. Just when I was on when I was
really focused on gold and silver, that was probably my
favorite part was the community aspect.
But in this crypto Twitter environment, it's like on
double, triple steroids, like the way that the communities
interact with each other, the way that just the way that they
come together on certain things, it's just, it's to me, it's, I
guess that's where the value is. And that's where a lot of the a
lot of the fun lies also, yeah. It's, it is a fast moving
community. It's a community.
There's a lot of UPS and there's there's a lot of downs.
I can say that someone has been in here for 3 1/2 years or so.
Well, I'm curious. It certainly is a big event
yesterday. You probably haven't had a whole
lot of time to even process it. But like any immediate takeaways
or or lessons or, or just things that you'd want to share to
others? Yeah.
You know I'm guilty and I'll raise my hand and say this.
You know, I had probably 15 or 20 people over the last six
weeks or maybe 10, doesn't really matter.
People that I probably would deem or definitely would deem as
being trustworthy that warned me that I needed to get my tokens
off of. I'm not going to name the name,
but the hot wallet that I was in into cold storage.
And I thought, well, I've got it's only on my phone.
I know not to click on anything. You know, each day went by, each
day went by and nothing, you know, I didn't have any problems
until I did yesterday. So the biggest thing that I
would tell people is just, you know, 99% of the people are
awesome. I mean, it's, I, I can't get, I
can't, I can't emphasize that enough.
You know, I mean, it's like the people, I think not just in the
UFD community, but even in the, the whole crypto community of
just what I gather are really awesome.
But that 1% can really screw you up or less than 1%.
So, you know, I mean, I there, there's some, my hat's off to
these hackers, right? I wish they would put their
energy towards good things because I think they could do a
lot of good. But I think the biggest lesson
I've learned, not a not a hard answer for me to question, not a
hard question for me to answer today, even with one hour sleep,
would be be careful and, and, and, you know, protect your,
your tokens. It's an.
Important reminder for everyone out there and I saw I've been
through this. So I had my hot wallet hacked in
summer 2023 and lost about 80% of my liquid crypto portfolio.
Jesus. And it was a.
Huge gut punch. Yeah, I guess like my just call
out to everyone. Like if you keep significant
funds on a hot wall, like you're going to get hacked like.
You're going to. Lose it so just don't be lazy
just start go order your Ledger, whatever you want to use now and
just start setting it up so yeah I.
Will never hold one, probably even a week.
I mean, I've only been in crypto for six weeks so but I now know
the difference between a hot wallet and a cold wallet and I
will never have anything in a hot wallet again.
But go go ahead. I'm sorry, Tyler.
No, I. Loved hearing from you
yesterday. I think folks, when this
happened, you've kind of you're at a fork in the road where you
can just pack up shop and quit, right?
Or you can dig in deeper and rebound and it seems like that's
the the the path you've taken. So I, I am kind of curious.
So what are the what what are the plans from here?
Just kind of continuing on like any chance to start thinking
about that? Yeah, I mean, I'm.
Sorting through this mess and it and it'll take some of my time
here, but you know I did a live stream this morning.
I promised people that I would go live every single day.
Was it easy for me to go live this morning?
No is it is this an easy or some live streams and I guess I don't
know how often you guys go live. Some are easier than others, No,
But you know, I, I, I, I believe in my heart in the future of UFD
and in the future of that community.
And I promised myself and I promised them that I would be
there every single day. And really, you know, as much as
like you said, I mean, you've been through this, it feels like
I've been just gutted, right? I mean, it's, it's
disheartening, but I know like deep, deep down inside, I mean,
I got to look at what the community did for me, which is
inspiring. I got to look at what the
community is it did over the last six weeks, which is
inspiring. And and I got to look at UFD and
look at, you know, nothing changed about UFDI was just a a
dummy and, and got hacked, right.
Nothing changed about UFD. There's still only 999 million
tokens period. And there's people that are
buying and every day that goes by there, there are more and
more people that are buying that are going to hold on in a longer
period. And in the in the, in what the
community stands for, I think is really powerful also.
So, you know, I think we're a unique community.
And I guess I'm kind of a unique founder, developer with dev
whatever the, you know, the correct Turner.
Yeah, definitely so. So, yeah, the the plan is, you
know, I'm focused on UFD period. That's, and I, I tell people
that it's all, that's all I'm focused on.
I'm not affiliated with any other projects.
I'm not, you know, a lot of things pop up, but that's what
I'm doing and that's what I'll do.
So what's the? Reception from like your your
your existing audience, right, because I'm assuming you already
had a quite an existing audience for their gold and silver
trading and those folks tend to hate crypto.
What was the reaction to to all this UFD stuff?
Yeah, it was very. Mixed.
There are some people in the gold and silver community that
really, really dislike crypto. There's some people like me that
were kind of in the middle, and then there's some that that own
both. And did you know, so I, I
received kind of a mixed bag response from my gold and silver
community when this happened. But you know, I, I, I, I created
this, you know, I kind of birthed it or whatever the
proper term would be. And I felt the responsibility
from the very beginning to be there.
And you know, like during the 1st 2436 hours when I realized
what was happening, I was like, wow, this is real.
And these are real people that are buying this.
And, and it was, but it just felt like for me, the right
thing to do was to stick with it.
And and then kind of organically from there, it grew into what,
you know, what we're seeing today.
So you have the gold background? I'm curious thinking about
Bitcoin and the obvious comparison.
Bitcoin is digital gold, Yeah. Are you drinking the Bitcoin
kool-aid? Like are Are you ready to call?
That. Let's go.
Yeah, I. Probably would say I'm I'm I'm
I'm I'm more open to it now, but I mean, the last six weeks have
been incredible, but they've also kept me incredible
incredibly busy. So, I mean, right now I am
really just mean the only crypto that I ever bought in my life.
Well, I bought Solana to buy to start it on.
So I bought Solana and I bought UFD.
So yeah, I'm certainly, I would say that my, my perspective on,
on Bitcoin has changed, yes. Good.
Good to hear. So I love that.
Expecting. Your, you know, Bitcoin digital
gold streams. Yeah, right.
Nine months. Well, this is an.
Incredible program. I don't know if you had any
other questions. I definitely want to give Ron a
chance to, you know, if he's got any message for the community or
kind of any, anything. Amanda, actually, what do you
got? I just want to.
Check. I just think this is really
refreshing. Like up.
Here and you've lost. Like you said, 1.11 point,
$2,000,000 as some new experiments in the space six
weeks ago and you came in here like we, we all came in here
probably a cycle or a cycle a bit ago.
And it was a lot. People will might say that back
then it was a bit more community based.
They used to be NFT projects, which are a bit more, I would
say conducive to communities. But the fact you've come in and
I think you've had a very great experience and you're like even
after losing that, you're like, yeah, I'm I'm here.
That's great. That's really, really awesome.
I'm I'm, I'm. It's really refreshing to hear.
Yeah. Well.
Thank you. You know it.
I think that that I'm. And what?
UFD is doing is different in some ways from a lot of the
other meme coin projects and is attracting a lot of attention
and attracting a lot of people that are maybe around my my age
group and maybe some people that felt they got burned by crypto
in the past. So, you know, it's important to
me to, to follow through with what I said I would do.
And like I said, there's nothing that's changed about UFD, you
know, I mean, if I sat on here a week ago and talked about
honesty and integrity, part of that is for me to follow through
on what I said I would do. And it's not always gonna be
easy, right? I mean, you know that like
anything in life and and you know, I'm not going to tear up
on you guys here or anything, but the last 24 hours have not
been easy, but they've also in some ways been very good because
I actually saw what the community would do and saw with
the community how they would come together and rally really
on my behalf, right, and from AI mean really for for me.
So you know, I'm not giving up. And I think that I think that
there's a lot of people out there who are again, who are
like around my age group, they have people talk about the
boomers and all the money they have that are that are watching
what's going on. And, you know, I think it's
important that that the UFD community kind of continue to,
to provide whatever level of example that we can for crypto
in general. And 'cause it's a, it's a, you
know, it's a one, look, there's only one UFD, There's only one
situation that that unfolded like this.
It's very unique. It's a gift in a lot of ways,
you know, it's been a great learning experience for me, but
I think a lot of other people as well in this, this idea of
honesty and transparency, which I've been completely transparent
about everything that I've done. I'm being completely transparent
now, right? Like this is a difficult time
for me, but I'm not giving up and Nope, it's and neither or
the people that are behind it. So, you know, I think UFD is
here to stay and who you know, the potential, you know, I
don't, I don't know what the limit is on, on what it can do
not, not. Only did your community not give
up? You got 1200 new members.
I'm I'm looking at the status right now.
So holders 1200 in the Oh really?
And I think it just goes to show that people believe in the
community. I think people have been on the
sidelines, perhaps waiting, you know, the UFD.
People all over my feet, dude, like that's how you ended up
here actually. Like if they were on the
comments saying, yo, when you guys getting basement raw and
basement raw, I'm like sure, we'll fucking get basement raw
on the show. You know, you guys, you guys you
got, you got the right folks. Also, like I, I personally like,
you know, I really like Gigi and the folks that are helping you
out. I know JG was showing you a lot
of support and Gigi's helping you a lot.
I think they're very good people.
I think she's very kind of, I did as well.
We've done a lot of work with her on drug radio and she was
always very professional. So, you know, it's it's good.
And, and I'd love to see that, yeah.
Yeah, they've Gigi's been a great help, Keith, like you said
from from Yumpe. I talked with him yesterday and
you know, hey, it's an expensive lesson to learn.
And you know, again, I'll repeat to our audience, please, it's
and so many people have told me, you know, like you did Tyler.
So many people have told me, oh, the same thing happened to me to
1° or another. And so I think it's just an
important message for people like these hackers, I guess you
would call them, are very good and very creative and, you know,
can can, you know, smart as we think we may be, they can they
can get you when you're when you might maybe least expect it.
Yeah. That that's a that's a very good
message to leave off on Be very careful with social engineering,
with hacks, with fishing, you know, secure yourself.
We personally at rug radio, we've done a lot of work with
Ledger. So I like to refer people are
Ledger, the Nano Flex, all these products.
Obviously there's other wallets etcetera, so I leave it up to
you guys to pick who you want, but at the end of the day, you
need to have a cold wallet, that's for sure.
I know right now we've normalized crypto on your
phones. I've never done crypto on my
phone person. I just hate it.
I understand the speed of it. I know we've normalized all
these moon shot apps this now, which is very good.
You know, shot to moon pay all these people doing it, but you
know, once the bag starts getting bigger, maybe just trim
it to A to A to a cold wallet and even with your cold wallet,
be careful which sun drives actions you sign.
The difference with Ethan soul is I think on soul you get
drained within seconds. I think it's like even faster
and on Ethereum. So, so it's, it's very
dangerous.