1 00:00:00,120 --> 00:00:04,680 All right, all right. Welcome to another episode of 2 00:00:04,680 --> 00:00:07,600 FOMO Hour here today, folks. Good morning. 3 00:00:07,840 --> 00:00:09,640 Good morning. Of course, I missed Mr. Andrew. 4 00:00:09,760 --> 00:00:16,360 Good morning, GMGM. This is episode 188 of FOMO 5 00:00:16,360 --> 00:00:19,880 Hour. We are encroaching on 200 6 00:00:19,880 --> 00:00:22,120 episodes here. That's going to be a big one 7 00:00:22,120 --> 00:00:24,800 today. It is Tuesday, August 27th, 8 00:00:24,800 --> 00:00:29,440 2024444. It is another hot sunny morning 9 00:00:29,440 --> 00:00:33,360 here today in Chicago, folks, we're touching. 95° doesn't 10 00:00:33,360 --> 00:00:37,520 usually get that hot in Chicago. We're not used to this, but it 11 00:00:37,520 --> 00:00:40,080 seems like today is going to be the the hottest and then we're 12 00:00:40,080 --> 00:00:42,560 going to cool off. We thought the crypto markets 13 00:00:42,560 --> 00:00:45,920 were hot again. Finally, we thought, but alas, 14 00:00:46,040 --> 00:00:49,760 it seems like perhaps another head fake pump and more summer 15 00:00:49,760 --> 00:00:54,360 chop in store for us here in the the weeks ahead. 16 00:00:54,360 --> 00:00:55,920 We'll talk about it on today's show. 17 00:00:56,120 --> 00:00:59,840 Folks know for Oak today he is still travelling around Asia. 18 00:00:59,840 --> 00:01:02,520 We've got Mando on with us as always. 19 00:01:02,520 --> 00:01:05,720 Mando, Jim, how you doing? Doing great, man. 20 00:01:05,800 --> 00:01:08,680 Yeah, it does a little bit of wind out of the sails of the 21 00:01:08,680 --> 00:01:10,560 crypto crypto market, it feels like. 22 00:01:10,560 --> 00:01:12,600 I think. I think everyone's just waiting 23 00:01:12,600 --> 00:01:15,680 for NVIDIA tomorrow. It's like the main thing from a 24 00:01:15,680 --> 00:01:19,520 macro perspective, but I don't know, I just felt like we, we, 25 00:01:19,520 --> 00:01:21,320 we could short squeeze for a little bit more, didn't it? 26 00:01:21,320 --> 00:01:25,680 It felt like we'd go to 6667 K and this hasn't happened. 27 00:01:26,200 --> 00:01:27,720 This one felt different like that. 28 00:01:27,720 --> 00:01:29,760 That was the consensus on Friday. 29 00:01:30,720 --> 00:01:34,400 We're actually out of this and no, no, the answer is no. 30 00:01:34,520 --> 00:01:36,200 No, we're not. Maybe, maybe the video will save 31 00:01:36,200 --> 00:01:37,640 us tomorrow. Folks. 32 00:01:37,640 --> 00:01:40,160 If you're in the stream, you might recognize a new face. 33 00:01:40,160 --> 00:01:44,160 We've got Jeebs on with us. I typically have been doing a 34 00:01:44,160 --> 00:01:48,320 Tuesday macro show with Jeebs Deez and and Peter Jennings on 35 00:01:48,320 --> 00:01:49,880 the lucky lead show. We're bringing him in. 36 00:01:49,880 --> 00:01:52,920 We're merging shows. He's on FOMO hour here this 37 00:01:52,920 --> 00:01:54,720 morning. If you don't know Jeebs, he's a 38 00:01:54,720 --> 00:01:56,640 renaissance man in the crypto space. 39 00:01:56,640 --> 00:01:59,040 He's a collector, he's an investor, he's a quant. 40 00:01:59,400 --> 00:02:01,680 He really does it all. Jeebs, Jim, how you doing? 41 00:02:02,360 --> 00:02:06,560 GMGM guy happy to be here man, going to try and bring that 42 00:02:06,560 --> 00:02:08,440 baroque energy. I think that's just like 43 00:02:08,560 --> 00:02:10,560 critical part of the show can't replace. 44 00:02:11,520 --> 00:02:12,960 Don't try it's. Impossible. 45 00:02:14,520 --> 00:02:16,120 Happy to be here guys. Thanks for having me on. 46 00:02:16,120 --> 00:02:18,240 I appreciate it. Of course. 47 00:02:18,240 --> 00:02:21,040 Well, thank you for joining us, folks. 48 00:02:21,040 --> 00:02:22,760 I'm going to try to get the screen share up and running 49 00:02:22,760 --> 00:02:26,480 because I'm I'm distracted this morning from a collection, an 50 00:02:26,480 --> 00:02:29,800 NFT collection that Jeeves just sent me right before the show. 51 00:02:30,840 --> 00:02:33,840 It it actually it might be a sign are are we back? 52 00:02:33,840 --> 00:02:38,600 So there is a punks derivative NFT collection actively trending 53 00:02:39,200 --> 00:02:43,000 on bass right now. It's called Penox. 54 00:02:43,120 --> 00:02:44,960 It's. Not that one, Tyler. 55 00:02:45,000 --> 00:02:46,920 What's the What's the pronunciation there? 56 00:02:47,840 --> 00:02:50,000 Yeah, we managed to put this one out to devote. 57 00:02:50,680 --> 00:02:54,400 I'm going with Penox. It's got 16 eighth volume on on 58 00:02:54,400 --> 00:02:57,200 this set. It's close to a point O1 8th 59 00:02:57,200 --> 00:03:00,600 floor already 1500 unique owners. 60 00:03:00,600 --> 00:03:04,760 I mean, it's your classic punk derivative, but it looks like 61 00:03:04,760 --> 00:03:08,240 they're mixing in like the brainless meme here with the the 62 00:03:08,240 --> 00:03:11,600 heads indented. I don't know, we I feel like we 63 00:03:11,600 --> 00:03:15,160 haven't seen a punk's derivative or just really a meme and T 64 00:03:15,160 --> 00:03:17,240 collector running some time. Jeeves, how's this going on your 65 00:03:17,240 --> 00:03:21,160 radar? Some folks passed it over and I 66 00:03:21,160 --> 00:03:23,160 looked at it and just immediately laughed. 67 00:03:24,000 --> 00:03:27,680 I think it's hard not to. And then for me, like you said, 68 00:03:27,680 --> 00:03:30,400 like we haven't seen a punk's derivative in a long time. 69 00:03:30,640 --> 00:03:33,000 I haven't seen anything really take off that well on base as 70 00:03:33,000 --> 00:03:35,640 well. And so it seemed kind of 71 00:03:35,640 --> 00:03:38,200 fitting. And then I just saw it and like, 72 00:03:38,200 --> 00:03:39,440 it just constantly kept updating. 73 00:03:39,440 --> 00:03:42,400 So I scooped up a couple myself, but it's one of those ones I 74 00:03:42,400 --> 00:03:43,880 might actually watch for a little bit. 75 00:03:43,880 --> 00:03:45,440 Yeah. What do we have here on the top 76 00:03:45,440 --> 00:03:46,880 sales? What is that? 77 00:03:46,880 --> 00:03:51,880 For you someone pays for $10.00 for that thing and the the 78 00:03:51,880 --> 00:03:55,240 hoodie aliens sound for .1. So yeah, some rare sales here in 79 00:03:55,240 --> 00:03:58,320 the in the Punk's derivative. This is what this market needed. 80 00:03:58,640 --> 00:04:01,040 You know, we've been chopping all summer and we really just 81 00:04:01,040 --> 00:04:04,160 needed a new good Punks derivative NMT collection on 82 00:04:04,160 --> 00:04:07,280 base. That's what's going to get us 83 00:04:07,320 --> 00:04:09,880 out of this Chopped summer for sure. 84 00:04:09,880 --> 00:04:13,520 So we'll, we'll check back in on that the Peanuts floor here 85 00:04:13,520 --> 00:04:16,560 during the show, folks. We've got a good one on on deck. 86 00:04:16,560 --> 00:04:20,040 We're going to start with Mando's market market report. 87 00:04:20,040 --> 00:04:24,000 We're going to talk base. So quietly, peanuts aside, base 88 00:04:24,360 --> 00:04:28,960 past 1,000,000 active users on the daily or on Monday. 89 00:04:28,960 --> 00:04:31,760 So we're going to talk about that 84,000 new crypto 90 00:04:31,760 --> 00:04:35,440 millionaires, PAC man's crypto cryptic blast tweet about 91 00:04:35,440 --> 00:04:39,040 bridges no longer being needed, perhaps some polymarket. 92 00:04:39,040 --> 00:04:40,840 And then jeez, he's got a good one for us in the store. 93 00:04:40,840 --> 00:04:44,080 He he did a nice little, I'm going to call it an essay on 94 00:04:44,080 --> 00:04:47,320 crypto narratives past, present dormant active. 95 00:04:47,320 --> 00:04:50,880 And we're going to dive into that later in the show as well. 96 00:04:51,360 --> 00:04:55,280 Plus, folks, it's Tuesday means roll bit spins are on deck. 97 00:04:55,280 --> 00:04:58,800 As a reminder to be eligible for that, make sure you retweet the 98 00:04:58,800 --> 00:05:03,080 spaces, make sure you follow all of the hosts to be eligible for 99 00:05:03,080 --> 00:05:06,840 those roll bit spins. All right, with that, I think 100 00:05:06,840 --> 00:05:08,960 let's dive right in. Let's start with that Mando 101 00:05:08,960 --> 00:05:18,680 market report, since who is the man macro daddy of the land? 102 00:05:22,280 --> 00:05:25,120 Can you dig it? Yeah, so as we as we already 103 00:05:25,120 --> 00:05:27,040 said guys, it does feel as though it's a little bit of a 104 00:05:27,040 --> 00:05:32,920 week day Bitcoins head below 62 K ETH is headed around to yeah, 105 00:05:32,920 --> 00:05:36,120 2600. Wow, ETH continues to 106 00:05:36,120 --> 00:05:39,960 underperform, right Solana slightly outperforming at least 107 00:05:39,960 --> 00:05:43,840 versus ETH, I would say 154. But yeah, just a bit of a a 108 00:05:43,880 --> 00:05:46,440 softer day. Like I said, tomorrow we have 109 00:05:46,440 --> 00:05:51,040 NVIDIA earnings, which I think it's a bit of a bellwether. 110 00:05:51,040 --> 00:05:53,640 Stocks had a little bit of a weekday yesterday or mixed day 111 00:05:53,640 --> 00:05:55,200 yesterday. I think the Dow hit all time 112 00:05:55,200 --> 00:05:58,160 highs, but other other tech stocks were a little bit mixed. 113 00:05:58,160 --> 00:06:01,280 I think people will be waiting to to see the results of that. 114 00:06:01,800 --> 00:06:04,880 It was a good day and it has been a good period here for the 115 00:06:04,880 --> 00:06:06,640 ETF. We've had twelve straight days 116 00:06:06,640 --> 00:06:09,960 of inflows into the Bitcoin ETF. Yesterday was the biggest inflow 117 00:06:09,960 --> 00:06:12,280 day for the BlackBerry ETF in 35 days. 118 00:06:12,280 --> 00:06:15,520 Overall it was around 203,000,000 across all Bitcoin 119 00:06:15,600 --> 00:06:19,400 ETFs ETF it's eight straight days outflows. 120 00:06:19,760 --> 00:06:23,040 So with another 30 minute, 30 minute outflows yesterday. 121 00:06:23,960 --> 00:06:27,400 The what what's been interesting to me just looking at that data 122 00:06:28,520 --> 00:06:32,520 is the it's BlackRock that aren't really seeing huge amount 123 00:06:32,520 --> 00:06:34,880 of inflows on their EDTF product. 124 00:06:35,320 --> 00:06:41,080 I think everyone expected the, the Grayscale ETH trust to lose 125 00:06:41,080 --> 00:06:46,440 funds, but like the main winner is BlackRock and they've had 126 00:06:46,440 --> 00:06:51,200 many days recently of 0 inflows and that's that's the big delta 127 00:06:51,200 --> 00:06:53,880 here. Like if you go to Blick Bitcoin, 128 00:06:54,360 --> 00:06:59,040 I think Black Rock has had Black Rock has had something like only 129 00:06:59,040 --> 00:07:03,960 one day or two days of 0 of 0 flows in. 130 00:07:04,800 --> 00:07:06,920 They had one day of an outflow, I think very, very small. 131 00:07:06,920 --> 00:07:10,600 But like BlackRock get money into that fund everyday and it's 132 00:07:10,600 --> 00:07:12,800 all buy and hold. That's what that's saying. 133 00:07:12,800 --> 00:07:14,680 They're saying it's all from like buy and hold style funds 134 00:07:15,760 --> 00:07:19,840 and they're just not getting it. And I think that's that's kind 135 00:07:19,840 --> 00:07:23,760 of worries me slightly because yeah, greyscale is greyscale. 136 00:07:23,880 --> 00:07:26,400 You know, they'll keep on having outflows forever. 137 00:07:26,400 --> 00:07:29,240 But the fact that BlackRock can't convince institutional 138 00:07:29,240 --> 00:07:32,440 funds to be buy and hold tells me this was a bunch of people 139 00:07:32,440 --> 00:07:34,880 who own the ETH trust for greyscale and probably just 140 00:07:34,880 --> 00:07:38,880 buying ETH out right now. Like they're not, there's no new 141 00:07:38,880 --> 00:07:42,000 institutional money going in if BlackRock aren't seeing 142 00:07:42,000 --> 00:07:45,320 sustained inflows, in my opinion, Fidelity are seeing 143 00:07:45,320 --> 00:07:48,640 some inflows on the ether side, but it's definitely looking a 144 00:07:48,640 --> 00:07:53,640 little bit precarious there from from a from a BlackRock side at 145 00:07:53,640 --> 00:07:55,760 least or an institutional side, which you'd assume that they 146 00:07:55,760 --> 00:07:57,680 would dominate. So that's the one thing I'm 147 00:07:57,680 --> 00:07:59,920 looking at. You have seen an all time high 148 00:07:59,920 --> 00:08:03,880 hit for stable coin TVR. We would speak about this a week 149 00:08:03,880 --> 00:08:06,280 last week and we said that that was probably in range. 150 00:08:06,280 --> 00:08:11,720 We did hit 168 billion now on on stablecoin TBL, which is which 151 00:08:11,720 --> 00:08:13,480 is great. You saw this week also that 152 00:08:13,480 --> 00:08:17,320 Russia's going to start using crypto for all of its trade 153 00:08:17,320 --> 00:08:22,240 payments, which could see the amount of throughput going 154 00:08:22,240 --> 00:08:25,080 through on things like Tron go even higher than they already 155 00:08:25,080 --> 00:08:27,720 are right now. It does feel as though a lot of 156 00:08:27,800 --> 00:08:29,960 a lot of stablecoin transfers are going to be picking up if 157 00:08:29,960 --> 00:08:32,960 Russia starts to use all of its or it starts to settle a lot of 158 00:08:32,960 --> 00:08:36,480 its dollar trade using stable coins or non dollar trade even 159 00:08:36,480 --> 00:08:38,720 as well as they say they'll create stable coins for all the 160 00:08:38,720 --> 00:08:40,039 different major trading partners. 161 00:08:40,559 --> 00:08:43,880 But good sign for payment side of the business, even if it's 162 00:08:43,880 --> 00:08:47,800 getting around U.S. sanctions. The ton situation we spoke about 163 00:08:47,800 --> 00:08:50,400 yesterday that it hadn't gone low enough. 164 00:08:50,400 --> 00:08:53,360 Well, it went lower. It looks like Dura is probably 165 00:08:53,360 --> 00:08:55,800 going to be in prison for a little bit of time here. 166 00:08:55,800 --> 00:09:01,720 There's been some diplomatic pressure for him to, oh, I said 167 00:09:01,720 --> 00:09:04,720 she's recovered a little bit. But once the charges came out, 168 00:09:04,720 --> 00:09:07,720 they, they were, they were pretty serious, as expected, 169 00:09:07,720 --> 00:09:12,120 terrorism, child pornography, getting around sanctions, all 170 00:09:12,120 --> 00:09:15,640 the classic ones. There was some pressure 171 00:09:15,640 --> 00:09:19,120 seemingly coming from the UAE and from Russia Today to free 172 00:09:19,120 --> 00:09:21,960 him. I don't know, it feels as though 173 00:09:21,960 --> 00:09:24,360 Macron came out yesterday and kind of wanted to wash his hands 174 00:09:24,360 --> 00:09:28,280 of the situation. So I feel as though he could be 175 00:09:28,280 --> 00:09:29,680 in prison for a while. Polymarket. 176 00:09:29,680 --> 00:09:32,520 I didn't check today, but they they had a 25% chance that he'd 177 00:09:32,520 --> 00:09:37,520 get out this month yesterday. I imagine that's gone lower, but 178 00:09:37,520 --> 00:09:39,480 well, it. Looks to be it's higher total 179 00:09:39,520 --> 00:09:41,520 percent. That'd be a high. 180 00:09:41,720 --> 00:09:43,000 There's four days left in the month. 181 00:09:45,280 --> 00:09:47,760 That seems high, but maybe there is. 182 00:09:47,840 --> 00:09:51,960 I mean, UAE has got a lot of lot of political clout to it, you 183 00:09:51,960 --> 00:09:55,120 know. So this is like released from 184 00:09:55,120 --> 00:09:58,080 custody, not actually remaining just within France. 185 00:09:59,240 --> 00:10:01,520 I mean from custody, yes. Yeah. 186 00:10:01,520 --> 00:10:04,560 So I imagine that would be bail. I don't know. 187 00:10:06,640 --> 00:10:09,440 Interestingly, like this what they said yesterday, this 188 00:10:09,440 --> 00:10:13,360 doesn't fall under the EU regulations. 189 00:10:13,360 --> 00:10:19,600 This is this is a France thing. So I don't know, maybe that 190 00:10:19,600 --> 00:10:22,920 makes it less serious. More serious It it definitely. 191 00:10:23,440 --> 00:10:25,720 It. I don't know, definitely feels 192 00:10:25,720 --> 00:10:27,440 like. No shortage of conspiracy 193 00:10:27,440 --> 00:10:29,800 theories on this one. Yeah, exactly. 194 00:10:29,800 --> 00:10:30,480 Do. You. 195 00:10:30,480 --> 00:10:33,320 Do you have any of your any favorite conspiracy theories for 196 00:10:33,360 --> 00:10:34,280 you? No, I have. 197 00:10:34,280 --> 00:10:35,960 I have no comment on this one in general. 198 00:10:35,960 --> 00:10:38,440 This is one of those ones I just want to see play out. 199 00:10:38,600 --> 00:10:40,920 No thoughts. Well, there's a lot of talk 200 00:10:40,920 --> 00:10:44,840 about how Telegram is used right now by the Russian military, 201 00:10:45,280 --> 00:10:47,680 particularly on the frontline. And so there's a lot of 202 00:10:47,680 --> 00:10:53,280 pressure, pressure there maybe from Russia around that UAE is 203 00:10:53,280 --> 00:10:57,880 obviously UAE citizen, but I imagine a lot of the UAE also 204 00:10:57,880 --> 00:11:04,200 uses Telegram and who knows, like there, there's clearly a 205 00:11:04,200 --> 00:11:06,640 lot of a lot of people that could be affected if if this 206 00:11:06,800 --> 00:11:08,240 stuff starts to come out. So. 207 00:11:10,840 --> 00:11:12,160 I. I really don't know. 208 00:11:12,160 --> 00:11:14,880 I feel like though, if he gets out, it'll be because a deal is 209 00:11:14,880 --> 00:11:18,000 made and we might not even know what that deal is. 210 00:11:19,800 --> 00:11:22,080 And I don't know if that's even a good thing, you know what I 211 00:11:22,080 --> 00:11:25,240 mean? Like, I don't think we'll know 212 00:11:25,240 --> 00:11:29,000 if he, if he starts playing ball because there's no way he'll 213 00:11:29,000 --> 00:11:30,040 make that public. So do. 214 00:11:30,680 --> 00:11:32,240 You think he goes down with the ship Mando? 215 00:11:32,240 --> 00:11:35,040 Like, do you think he's the kind of person that would, you know, 216 00:11:35,040 --> 00:11:37,520 spend a ton of years in prison or or sell out? 217 00:11:38,440 --> 00:11:41,400 Well, he, he did leave Russia when this thing happened last 218 00:11:41,400 --> 00:11:43,880 time, right? So when Russia asked him for the 219 00:11:43,880 --> 00:11:47,240 keys for his last last social media project, he just left, 220 00:11:47,400 --> 00:11:49,520 raised a bunch of money and moved to UAE. 221 00:11:50,400 --> 00:11:53,560 So doesn't feel like the sort of guy that will go to prison for 222 00:11:53,560 --> 00:11:56,760 his for his morals. Feels like the sort of guy that 223 00:11:56,760 --> 00:12:00,480 will run. He's following 100 kids. 224 00:12:02,000 --> 00:12:06,320 Someone has to take care of all all those mouths to feed and 225 00:12:06,320 --> 00:12:09,080 this is a lot of targets and that that was the I think it 226 00:12:09,080 --> 00:12:12,480 really hit yesterday when we when we saw the the laundry list 227 00:12:12,560 --> 00:12:15,600 here. So it's going to take quite a 228 00:12:15,600 --> 00:12:17,960 bit of cooperation that the Polymarket line has me. 229 00:12:18,600 --> 00:12:19,960 Yeah, I guess a little bit differently. 230 00:12:20,040 --> 00:12:22,160 I mean, you always have to wonder if it's sharp money or or 231 00:12:22,160 --> 00:12:25,280 dumb money coming in on this. But 40%, I would have put it at 232 00:12:25,280 --> 00:12:27,760 like 10% or lower. Yeah, for sure. 233 00:12:27,760 --> 00:12:29,400 These are set very serious charges. 234 00:12:29,400 --> 00:12:31,960 These don't just get dropped. And if they do get dropped, he's 235 00:12:32,120 --> 00:12:33,880 basically just giving up the keys, right? 236 00:12:33,880 --> 00:12:37,680 Like or something very serious has happened. 237 00:12:38,640 --> 00:12:41,720 I don't know. Maybe that's why maybe Tom is 238 00:12:41,720 --> 00:12:45,000 going to be trading in line with these with these odds. 239 00:12:45,600 --> 00:12:47,840 Yeah, 100%. I mean, that's why I was 240 00:12:48,040 --> 00:12:51,000 surprised that Tom was higher. But maybe that's because his 241 00:12:51,000 --> 00:12:57,160 odds, it hit a low of looks like it went down to like 25% when 242 00:12:57,160 --> 00:13:01,000 the allegations were hit and then it's gone up to 40% since. 243 00:13:01,000 --> 00:13:05,120 So maybe people are in the know. He's a wealthy man with a lot of 244 00:13:05,120 --> 00:13:07,960 very, very wealthy friends and powerful friends. 245 00:13:08,800 --> 00:13:12,960 Maybe, maybe he gets out. Not a ton of only two 100K. 246 00:13:13,080 --> 00:13:18,040 Let's see what the top holders are And no one, no one's bet 247 00:13:18,040 --> 00:13:24,000 huge, huge on this. So yeah, we will certainly see. 248 00:13:24,360 --> 00:13:29,840 How big is this market? About $200,000 bet so far, OK, 249 00:13:29,960 --> 00:13:32,960 so not bad but and there's. Unravel. 250 00:13:33,080 --> 00:13:35,840 Unravel soon? Too few days, right? 251 00:13:36,480 --> 00:13:37,480 Yeah. We'll see. 252 00:13:37,840 --> 00:13:38,960 Yeah, I don't. Know right? 253 00:13:39,480 --> 00:13:41,600 I do like going on the polymarket homepage. 254 00:13:41,600 --> 00:13:44,200 Like if you just click on the homepage, you just see like what 255 00:13:44,200 --> 00:13:48,080 people are betting on, like it's, I don't know, just Israel, 256 00:13:48,080 --> 00:13:50,880 Hamas ceasefire in 20245050 shot. 257 00:13:51,160 --> 00:13:53,240 Like you just don't know. Like you read about these 258 00:13:53,240 --> 00:13:57,360 stories and you just like you have no real concept of is that 259 00:13:57,360 --> 00:13:59,400 going to be true or not. I like going on to it because 260 00:13:59,400 --> 00:14:02,440 you do get very much closer. You're able to read the news in 261 00:14:02,440 --> 00:14:04,680 a slightly different way, you know what I mean? 262 00:14:05,200 --> 00:14:07,400 Yeah, I was speaking on three days this morning. 263 00:14:07,440 --> 00:14:09,560 The the one that was surprised me the most is actually the 264 00:14:09,560 --> 00:14:12,280 highest grossing movie in 2024 with Inside Out Two. 265 00:14:12,640 --> 00:14:17,240 There's still so much time left in this year where like me and 266 00:14:17,240 --> 00:14:19,600 I, I don't know much about this or like how much this has 267 00:14:19,600 --> 00:14:22,680 brought in, but I find it really surprising that this is already 268 00:14:22,680 --> 00:14:25,800 so solidified. And I feel like taking nose on 269 00:14:25,840 --> 00:14:27,880 on somewhat something like this that has a lot of time to 270 00:14:27,880 --> 00:14:30,680 resolve seems like an all right bet. 271 00:14:31,720 --> 00:14:33,440 Yeah. You're the pro here, Tyler. 272 00:14:33,960 --> 00:14:36,920 Moana Two's coming out around. Thanksgiving. 273 00:14:37,440 --> 00:14:40,040 He's such a pro. He knows blind. 274 00:14:40,440 --> 00:14:42,640 He knows the lot. He knows Moana Two's coming out. 275 00:14:43,880 --> 00:14:46,520 But what I haven't seen, I, I think I need to look at the 276 00:14:46,520 --> 00:14:49,360 inside out too. Revenue numbers, clearly 277 00:14:49,360 --> 00:14:51,920 they're, Oh my. God, 9 million bet, Yeah. 278 00:14:52,760 --> 00:14:55,200 This is a big one. I mean, this feels like one 279 00:14:55,680 --> 00:15:00,000 where you could crunch the numbers and kind of try to 280 00:15:00,000 --> 00:15:03,200 create an edge, so. This thing's like Deadpool 281 00:15:03,360 --> 00:15:06,840 Wolverine's only down by. It's actually kind of quite a 282 00:15:06,840 --> 00:15:09,800 bit, but I feel like there's room, right? 283 00:15:09,800 --> 00:15:12,200 So it's 1.6 billion. It looks like worldwide. 284 00:15:13,440 --> 00:15:16,040 I don't know, like Deadpool Wolverine's at 1.2 billion. 285 00:15:16,040 --> 00:15:19,040 To your point, Tyler, there's still so many movies coming out 286 00:15:19,040 --> 00:15:19,800 this year. I guess you're right. 287 00:15:19,800 --> 00:15:21,400 You have to look to see what's coming out this year. 288 00:15:21,400 --> 00:15:23,920 What has, you know, a probability of taking that down? 289 00:15:25,520 --> 00:15:29,400 But it seems inefficient. What about this monkeypox? 290 00:15:29,400 --> 00:15:32,320 One confirmed case of monkeypox in the US by September 30th. 291 00:15:33,280 --> 00:15:36,960 Feels like that at 37% chance. I reckon that one. 292 00:15:37,480 --> 00:15:40,080 Which side do you like? I like, I think there's going to 293 00:15:40,080 --> 00:15:43,760 be a case of monkeypox. Well, so I bet yes on the August 294 00:15:43,760 --> 00:15:45,800 line. I bet yes on the August line. 295 00:15:46,360 --> 00:15:51,920 It's super hyped up and now that's basically at 0 unless we 296 00:15:51,920 --> 00:15:55,000 get a a miracle draw out here. A miracle. 297 00:15:55,600 --> 00:15:59,560 Rob Bad use the word miracle. Diana, what's your process like 298 00:15:59,560 --> 00:16:00,880 here? Like when you go take bets? 299 00:16:00,880 --> 00:16:03,440 I feel like you're deep in the Poly market streets, You're out 300 00:16:03,440 --> 00:16:05,480 here, right? You're taking smart bets. 301 00:16:05,480 --> 00:16:06,640 What? What's your process like? 302 00:16:06,640 --> 00:16:08,440 Like how do you go about approaching a bet? 303 00:16:08,480 --> 00:16:11,640 What's the research? Like smart bets like. 304 00:16:13,000 --> 00:16:16,680 Yeah, I think I, I have a combination of smart bets where 305 00:16:16,680 --> 00:16:21,600 like I, I grind and try to find an edge and one then once I win 306 00:16:21,600 --> 00:16:24,360 those bets, I get much looser and I start gambling. 307 00:16:25,160 --> 00:16:28,480 Like the monkeypox bet. I did not have an edge on in any 308 00:16:28,480 --> 00:16:31,360 way. It just felt like there were the 309 00:16:31,360 --> 00:16:33,840 headlines going around that it was already in the water in San 310 00:16:33,840 --> 00:16:36,400 Francisco. I didn't dig into that enough to 311 00:16:36,400 --> 00:16:39,320 know that that was the old strain of monkeypox and and not 312 00:16:39,320 --> 00:16:44,520 the the new ones. That was that was a a misread by 313 00:16:44,520 --> 00:16:46,680 me. I think the election ones have 314 00:16:46,680 --> 00:16:49,600 been, I think the election ones are still some of the easiest 315 00:16:49,680 --> 00:16:52,040 to, to bet on because there's a lot of emotional betting. 316 00:16:52,480 --> 00:16:54,600 And then you, you can use things like Nate Silver's election 317 00:16:54,600 --> 00:16:57,320 model to understand, you know, where, where states are coming 318 00:16:57,320 --> 00:17:00,120 in. So I've been mostly having 319 00:17:00,120 --> 00:17:04,000 success there that frok. I mean, we've been betting on 320 00:17:04,000 --> 00:17:07,319 the, the words, the mentioned markets for all the speeches or 321 00:17:07,319 --> 00:17:09,680 I think that that's dying out a little bit. 322 00:17:09,920 --> 00:17:11,680 I think another edge is on sports. 323 00:17:11,680 --> 00:17:16,520 So the sports markets aren't super liquid yet, but there was 324 00:17:16,520 --> 00:17:20,880 like in the main color boxing match in the Olympics, he was 325 00:17:20,880 --> 00:17:23,200 going off as like a three to one favorite on Polymarket and she 326 00:17:23,200 --> 00:17:24,800 was a 10 to one favorite on sports books. 327 00:17:24,800 --> 00:17:27,839 So you can find those types. Of that's what I was saying I 328 00:17:27,839 --> 00:17:31,440 was suing to O stuff around this two days ago and being like 329 00:17:31,440 --> 00:17:33,280 there's going to be so many different prediction markets 330 00:17:33,280 --> 00:17:35,960 like people are just going to be arbitraging these all day. 331 00:17:36,080 --> 00:17:38,880 Sports feels like the the main one where there's going to be 332 00:17:38,880 --> 00:17:41,960 massive differences and you'll be able to make money doing it. 333 00:17:42,640 --> 00:17:47,360 But yeah, I I guess the liquidity isn't like insane at 334 00:17:47,360 --> 00:17:49,840 this stage. But what do you think of Alex 335 00:17:49,880 --> 00:17:52,880 make yesterday where he was like, this is not batting. 336 00:17:53,200 --> 00:17:58,800 This is not gambling. Let's try to find that. 337 00:17:59,120 --> 00:18:02,800 Yeah, I think I'm on the opposite, opposite side. 338 00:18:02,800 --> 00:18:04,800 So we've seen like Nick Tamano and Cruz. 339 00:18:04,800 --> 00:18:06,840 So there was the the narrative out there that Paul and Market 340 00:18:06,840 --> 00:18:10,160 was the truth. There's something we said. 341 00:18:10,720 --> 00:18:13,160 About that, what I would say is like what I said this morning, 342 00:18:13,320 --> 00:18:16,720 which was we're we're looking at the news slightly differently 343 00:18:16,720 --> 00:18:21,280 having seen those lines. But I mean, when we're betting 344 00:18:21,280 --> 00:18:23,600 on the words that Kamala Harris is going to say in a fucking 345 00:18:23,600 --> 00:18:27,040 speech, it does feel like we're just gambling at this stage. 346 00:18:28,280 --> 00:18:35,320 Is is fantasy sports gambling? I don't know the version of 347 00:18:35,320 --> 00:18:38,720 fantasy sports where in the UKI think it's quite different to 348 00:18:38,800 --> 00:18:41,160 hear like yours often has like draftking. 349 00:18:41,440 --> 00:18:43,760 I don't really know how it's done, but there is like added 350 00:18:44,280 --> 00:18:46,440 sweepstakes style odds to some of this stuff, isn't there? 351 00:18:46,440 --> 00:18:48,440 We don't really have that. Your game. 352 00:18:48,960 --> 00:18:50,280 Is that kind of? Yeah. 353 00:18:51,040 --> 00:18:54,240 We have, we have like they're quite separated in the UK. 354 00:18:54,240 --> 00:18:56,720 So like the fantasy football game in the UK is like not for 355 00:18:56,720 --> 00:19:00,440 money or you can have very small cash gains, but like they're not 356 00:19:00,440 --> 00:19:02,120 really based around money. And then you have sports 357 00:19:02,120 --> 00:19:05,800 betting, which is like slightly very big in the UK and legal 358 00:19:05,800 --> 00:19:07,120 and, and lots of people would do it. 359 00:19:07,840 --> 00:19:11,720 Another way to do it. Yeah, the way that the US does 360 00:19:11,720 --> 00:19:14,320 it does feel more like gambling, or closer to it. 361 00:19:16,640 --> 00:19:18,280 What do we got here? Oh Vitalik. 362 00:19:18,520 --> 00:19:19,120 Oh boy. Yeah. 363 00:19:19,280 --> 00:19:22,280 I mean, he's saying putting Poly market in the category of 364 00:19:22,280 --> 00:19:24,000 gambling is a massive misunderstanding of what 365 00:19:24,000 --> 00:19:27,240 prediction markets are and why people are excited about them. 366 00:19:27,240 --> 00:19:29,560 They're interesting because they're a social epistemic tool. 367 00:19:29,920 --> 00:19:32,600 Public gets a view of how important certain events are and 368 00:19:32,920 --> 00:19:36,800 kind of and what kinds of things are likely to happen with less 369 00:19:36,840 --> 00:19:42,080 editorial opinion than social media or news websites so I I 370 00:19:42,080 --> 00:19:45,680 think in general that can be true but polymarket is a lot of 371 00:19:45,680 --> 00:19:49,600 things and there are plenty of betting markets on polymarket 372 00:19:50,240 --> 00:19:54,240 that trend based on news that's being published by media and 373 00:19:54,240 --> 00:19:58,320 social media so example of Beyoncé performing at the DNC 374 00:19:58,320 --> 00:20:01,480 last week there was rumors going around Twitter polymarket bet 375 00:20:01,480 --> 00:20:04,960 that up to 97% so if you log in and. 376 00:20:05,240 --> 00:20:09,040 You're saying, OK, Beyoncé has confirmed performance at DNC and 377 00:20:09,040 --> 00:20:10,760 then she doesn't. So like everyone was just 378 00:20:10,760 --> 00:20:12,280 speculating on rumors that they saw. 379 00:20:12,600 --> 00:20:16,520 So like, there are certainly other lines that are more like 380 00:20:17,240 --> 00:20:19,560 true to the real world. And I think there's others where 381 00:20:19,560 --> 00:20:21,160 people are just heading and gambling. 382 00:20:21,200 --> 00:20:23,400 So I think you have to take everything with a grain of salt. 383 00:20:24,040 --> 00:20:26,960 The the Walt VP is another good example where there was like 384 00:20:26,960 --> 00:20:29,480 video surfacing of all the cars coming out of his house. 385 00:20:29,480 --> 00:20:31,040 The odds changed almost instantly. 386 00:20:31,040 --> 00:20:34,320 Like Shapiro was what, 80% at one point and then it just 387 00:20:34,400 --> 00:20:36,840 nosedive Walsh came up. So I think. 388 00:20:36,920 --> 00:20:39,400 It is like people have alpha on some of these or like could 389 00:20:39,400 --> 00:20:41,120 could get information pretty quickly on them. 390 00:20:41,720 --> 00:20:44,920 It is very good at breaking news fast as well. 391 00:20:44,920 --> 00:20:48,240 So like the, the waltz, like as soon as the, the, the big black 392 00:20:48,240 --> 00:20:51,280 cars were, were running out of Waltz's driveway, the line shot 393 00:20:51,280 --> 00:20:54,560 up, right. And I think they're, they're 394 00:20:54,560 --> 00:20:56,840 trying to lean into that. So they've got this new breaking 395 00:20:56,840 --> 00:20:59,640 news tab. You know, Mando mentioned how 396 00:20:59,640 --> 00:21:01,920 it's an interesting way to kind of start your day by just seeing 397 00:21:01,920 --> 00:21:04,920 the kind of what is trending. And I agree with that. 398 00:21:04,920 --> 00:21:09,080 And and the markets have gotten much more diverse now than just 399 00:21:09,080 --> 00:21:11,680 purely election markets. So you get a little bit more pop 400 00:21:11,680 --> 00:21:14,640 culture. Bieber baby boy or girl is a is 401 00:21:14,640 --> 00:21:18,680 a breaking news line. It looks like he's having a boy. 402 00:21:18,680 --> 00:21:22,960 Congrats to to Justin. See if there's any other 403 00:21:22,960 --> 00:21:25,440 breaking news here. Telegram banned by a European 404 00:21:25,440 --> 00:21:28,360 country at 11 percent. Oh, so the microphone's muted. 405 00:21:28,360 --> 00:21:32,880 That's the hot one in the that now Trump and Kamala are are 406 00:21:32,880 --> 00:21:37,240 fighting a bit over the rules of the next debate is. 407 00:21:37,480 --> 00:21:39,920 That so they can't interrupt each other like mid. 408 00:21:41,800 --> 00:21:44,480 It is, as I understand it, so that the rules were set to be 409 00:21:44,480 --> 00:21:46,840 the same as the last one or they were muted. 410 00:21:47,200 --> 00:21:49,240 And it's and Trump had agreed to those rules. 411 00:21:49,240 --> 00:21:51,760 And apparently it's the the Harris campaign who wants them 412 00:21:51,760 --> 00:21:55,240 unmuted. And I saw because this is not 413 00:21:55,240 --> 00:21:58,200 me, that they, they want America to see how unhinged he is. 414 00:21:59,200 --> 00:22:01,600 And he's like, no, we already agreed to these rules, which I'm 415 00:22:01,600 --> 00:22:03,360 I'm on Trump's side. Like the rules are sad. 416 00:22:03,360 --> 00:22:05,320 Like you go with the rules. But yeah. 417 00:22:05,600 --> 00:22:08,280 Yeah. There there's some interesting 418 00:22:08,280 --> 00:22:10,440 ones on this list. Oh, this was the most 419 00:22:10,440 --> 00:22:11,920 interesting one. Let's just take one second on 420 00:22:11,920 --> 00:22:13,280 this, then we'll move on from Polymarket. 421 00:22:13,640 --> 00:22:16,720 If RFK drops out, who will gain more in the polls? 422 00:22:16,920 --> 00:22:20,360 This is one where like if you read crypto Twitter, everyone 423 00:22:20,360 --> 00:22:23,360 was saying RFK dropping out was good for Trump and Polymarket is 424 00:22:23,360 --> 00:22:26,360 on the opposite with $870,000 bet. 425 00:22:28,200 --> 00:22:29,080 But what's? Great. 426 00:22:30,200 --> 00:22:32,920 But I think if RFK dropped out, it was always going to be a 427 00:22:32,920 --> 00:22:36,160 benefit to the Democrats, right? Because he split their split 428 00:22:36,160 --> 00:22:38,840 their, their ticket. The best scenario for 429 00:22:38,840 --> 00:22:41,360 Republicans would be that he dropped out and endorsed Trump. 430 00:22:41,360 --> 00:22:44,600 So I think they've got the best of a of a bad scenario basically 431 00:22:44,600 --> 00:22:46,920 in that. Yeah, How do they define these 432 00:22:46,920 --> 00:22:49,600 rules here, Tyler? Yes, this is an interesting one. 433 00:22:50,000 --> 00:22:53,600 It's measured by the RealClearPolitics daily polling 434 00:22:53,600 --> 00:22:57,520 averages and they only run through August 30th. 435 00:22:58,280 --> 00:23:00,680 So this is another one where you can just sit down and, and do 436 00:23:00,680 --> 00:23:03,480 the math, check the poles from the last four days, start to 437 00:23:03,480 --> 00:23:05,720 think how they're going to project out from the next three 438 00:23:05,720 --> 00:23:08,720 days and, and try to, to reach a conclusion. 439 00:23:08,720 --> 00:23:11,880 And you have to imagine if nothing major happens in the 440 00:23:11,880 --> 00:23:14,400 next three days, the, the poles aren't going to be super 441 00:23:14,400 --> 00:23:17,400 unchanged. I would guess, you know, perhaps 442 00:23:17,440 --> 00:23:22,480 some of the DNC pump is is wearing off, perhaps some of the 443 00:23:22,480 --> 00:23:24,880 RFK endorsement is wearing off. I don't know. 444 00:23:24,880 --> 00:23:26,800 But I wouldn't I'm not really expecting a whole lot of change 445 00:23:26,800 --> 00:23:28,440 until September 10th, the next debate. 446 00:23:30,080 --> 00:23:35,760 So an interesting line to watch this is this actually aligns 447 00:23:35,760 --> 00:23:38,160 with one of your narratives, Jeep. 448 00:23:38,160 --> 00:23:42,280 So perhaps we just get into to this part of the show. 449 00:23:43,400 --> 00:23:45,320 I think we we were around the horn, man, that was a great 450 00:23:45,320 --> 00:23:48,360 market report. I didn't really have a whole lot 451 00:23:48,360 --> 00:23:50,160 else. I think maybe just quickly going 452 00:23:50,160 --> 00:23:55,360 around on a few other headlines. So we did see base reach 453 00:23:55,360 --> 00:23:57,920 1,000,000 active users. Shout to Milk Rd. they've been 454 00:23:57,920 --> 00:23:59,440 doing a great job with their graphics. 455 00:23:59,800 --> 00:24:02,400 That number jumped out to me. Perhaps we'll talk about that a 456 00:24:02,400 --> 00:24:08,400 little bit in, in some of your some of your narratives. 457 00:24:08,760 --> 00:24:12,040 Memes totally dead. There's basically no memes over 458 00:24:12,040 --> 00:24:15,440 10 million in the green. There's a handful on the day. 459 00:24:15,440 --> 00:24:18,400 It's not a whole lot of action memes, Sorry, NF TS kind of 460 00:24:18,400 --> 00:24:21,640 giving back some of their recent gains as well. 461 00:24:21,640 --> 00:24:24,680 So so not a whole lot else. But jeez, I I didn't want to get 462 00:24:24,680 --> 00:24:27,440 into to some of your narratives. So I'm a big narrative guy 463 00:24:27,840 --> 00:24:32,200 myself, one who who likes to craft narratives following price 464 00:24:32,200 --> 00:24:35,640 action, which I think it is a a common trend in in crypto 465 00:24:35,640 --> 00:24:37,840 Twitter. But you did a nice job. 466 00:24:37,840 --> 00:24:41,120 You're basically an essay, you know, thousands of words laying 467 00:24:41,120 --> 00:24:42,720 out your thoughts on the crypto landscape. 468 00:24:42,720 --> 00:24:45,040 So why don't you walk us through this a bit and then we'll get 469 00:24:45,040 --> 00:24:47,440 into some discussion. Yeah, definitely appreciate 470 00:24:47,440 --> 00:24:49,160 that. This has just been something 471 00:24:49,160 --> 00:24:50,880 I've I've been thinking about for a while. 472 00:24:50,880 --> 00:24:53,880 You know, I, I work in the venture space within crypto and 473 00:24:54,000 --> 00:24:56,160 I'm similar to you. I, I think about things in in 474 00:24:56,160 --> 00:24:58,160 narratives. I'm not a technical trader, I'm 475 00:24:58,160 --> 00:25:00,240 not looking at the one minute chart through none of that. 476 00:25:01,240 --> 00:25:03,920 But I think if you can like spot narratives early on, they shift, 477 00:25:03,920 --> 00:25:06,560 they change, they evolve. So I started thinking, OK, how 478 00:25:06,560 --> 00:25:09,680 can you bucket narratives in the space and then continually think 479 00:25:09,680 --> 00:25:12,560 about these and present them out to folks to, to get some 480 00:25:12,560 --> 00:25:15,360 thoughts. So really I broke it down to 481 00:25:15,360 --> 00:25:17,600 three categories. The first one's going to be your 482 00:25:17,600 --> 00:25:20,160 spotlight narratives. These are things that are in the 483 00:25:20,160 --> 00:25:22,440 limelight. People have a ton of attention 484 00:25:22,440 --> 00:25:24,120 toward them. They're getting a ton of venture 485 00:25:24,120 --> 00:25:25,960 funding. People are watching them 486 00:25:25,960 --> 00:25:28,200 closely. They're being shield like crazy. 487 00:25:28,680 --> 00:25:30,600 Two then is your brewing narratives. 488 00:25:30,640 --> 00:25:34,040 You're starting to see key people go ahead and and talk 489 00:25:34,040 --> 00:25:36,520 about these things. They're gaining some momentum. 490 00:25:36,600 --> 00:25:38,600 They could enter the spotlight soon. 491 00:25:39,040 --> 00:25:42,120 Maybe they were in the spotlight and they've slowed down into the 492 00:25:42,120 --> 00:25:44,760 brewing category. And then the third one is just 493 00:25:44,760 --> 00:25:48,000 flat out dormant. These narratives, you know, they 494 00:25:48,000 --> 00:25:51,080 were in the spotlight where they're gaining traction and 495 00:25:51,080 --> 00:25:54,640 they've kind of just lost steam and they have the opportunity to 496 00:25:54,640 --> 00:25:58,280 resurface and get back up there or they honestly could just die 497 00:25:58,280 --> 00:26:01,000 off. So laid out a bunch of different 498 00:26:01,000 --> 00:26:03,480 things here. You know, we could talk through 499 00:26:03,480 --> 00:26:06,440 a few of them and then maybe I'd love to talk to you guys about 500 00:26:06,440 --> 00:26:09,560 them and just see within those categories, what are some that 501 00:26:09,560 --> 00:26:11,160 really are interesting to you guys. 502 00:26:12,360 --> 00:26:15,480 Yeah, let's do it. So maybe let's start with with 503 00:26:15,480 --> 00:26:19,760 some of the, we're going to start at the top with some of 504 00:26:19,760 --> 00:26:21,680 your spotlight narratives. So we, we just talked about 505 00:26:21,680 --> 00:26:24,880 prediction markets. I think certainly one that that 506 00:26:24,880 --> 00:26:27,680 most listeners, those who are active are, are familiar with. 507 00:26:27,680 --> 00:26:32,880 You got new layer ones, the ton ecosystem, memes, ETFs, 508 00:26:33,120 --> 00:26:36,160 institutional adoption, political favour, stable coin 509 00:26:36,160 --> 00:26:38,880 usage, D pen. I know you're, you're in the D 510 00:26:38,880 --> 00:26:40,960 pen a bit. Maybe we'll come back to that. 511 00:26:41,760 --> 00:26:44,280 I don't know. I think a very interesting one 512 00:26:44,280 --> 00:26:47,760 for me is the new layer ones. Yeah, I did mess up one of these 513 00:26:47,760 --> 00:26:51,440 is not a layer one FYI. Someone corrected me on that. 514 00:26:51,680 --> 00:26:54,360 But still new chains, These new chains, these new super hyped 515 00:26:54,360 --> 00:26:57,400 chains. Fast cheap culture growing 516 00:26:57,400 --> 00:27:03,640 around them, lot of hype. Yeah, when say was being hyped 517 00:27:03,640 --> 00:27:06,680 all over the timeline, right? For for rightfully or wrongfully 518 00:27:06,680 --> 00:27:09,200 for grant reasons or not for grant reasons, I think it kind 519 00:27:09,200 --> 00:27:13,680 of revised this narrative of what is the next killer L1. 520 00:27:13,680 --> 00:27:14,760 And it's an important one, right? 521 00:27:14,760 --> 00:27:19,240 Because if you identified Solana as the next killer L1 last 522 00:27:19,240 --> 00:27:21,520 cycle, that was an incredible trade. 523 00:27:22,640 --> 00:27:25,320 So now I think folks are trying to figure out what, what could 524 00:27:25,320 --> 00:27:28,240 be that next one. And I think it's somewhat 525 00:27:28,240 --> 00:27:32,120 consensus that folks think Solana will be, you know, it is 526 00:27:32,120 --> 00:27:35,520 the killer L1 of this cycle, but will not be next cycle. 527 00:27:35,520 --> 00:27:38,760 At least that that's my read. So I'm, I'm curious, Jeeves, A, 528 00:27:38,760 --> 00:27:40,640 do you align to that? And then B, do you have a 529 00:27:40,640 --> 00:27:42,720 thought? Do you have a leader on who you 530 00:27:42,720 --> 00:27:47,840 think might be the the Solana killer or the hot L1 for for 531 00:27:47,840 --> 00:27:49,480 next cycle? Yeah. 532 00:27:49,480 --> 00:27:52,960 So the Solana killer narrative comes from the past two cycle 533 00:27:52,960 --> 00:27:54,560 narratives. We've seen the first one being 534 00:27:54,560 --> 00:27:57,000 the Bitcoin killer narrative where you had stuff like 535 00:27:57,000 --> 00:27:59,440 Litecoin, other people that were chasing that. 536 00:27:59,720 --> 00:28:02,560 Then you had the ETH killer narrative where all these other 537 00:28:02,560 --> 00:28:09,120 chains sprouted up, AVAX, you know, Poly, you know what not. 538 00:28:09,200 --> 00:28:12,560 And now with Solana in the spotlight, it's clear that 539 00:28:12,560 --> 00:28:14,640 there's other folks that are kind of going after that same 540 00:28:14,640 --> 00:28:18,640 area, which is sort of culture high throughput, a lot of users 541 00:28:18,640 --> 00:28:21,480 on there. Out of these three, so folks I 542 00:28:21,480 --> 00:28:23,480 can't see, it's Monad, Bear Chain, Mega Eve. 543 00:28:23,720 --> 00:28:26,720 That's the three that really I'm seeing the most on my timeline. 544 00:28:28,080 --> 00:28:30,320 Hard to say which ones end up being the most positive here, 545 00:28:30,320 --> 00:28:33,040 but I think the one I see the most is probably Bear Chain that 546 00:28:33,040 --> 00:28:38,120 folks are continually talking about sort of a, a novel 547 00:28:38,120 --> 00:28:43,400 consensus mechanism and just a lot of folks talking about, you 548 00:28:43,400 --> 00:28:46,440 know, random products or things being built in, a lot of 549 00:28:46,480 --> 00:28:50,000 shilling on it. And so that's probably my my 550 00:28:50,000 --> 00:28:51,800 number one pick. I think it's also the 1st to 551 00:28:51,800 --> 00:28:53,400 come to market. So we'll have the first 552 00:28:53,400 --> 00:28:56,080 opportunity to really shine, I think later this year. 553 00:28:56,080 --> 00:28:58,960 I think Monad's really next year Mega Eve, not entirely sure on 554 00:28:58,960 --> 00:29:01,360 the timeline there. What do you guys think? 555 00:29:01,680 --> 00:29:03,280 I mean, I'm sure you guys are seeing a ton of this. 556 00:29:03,280 --> 00:29:06,040 Is any sprouting up to you? Any thoughts here? 557 00:29:06,760 --> 00:29:08,760 So when you talk about these narratives, are you, are you 558 00:29:08,760 --> 00:29:11,480 thinking about it from the VC side of things or from the 559 00:29:11,840 --> 00:29:14,760 public market side of things? It's really just from my 560 00:29:14,760 --> 00:29:17,400 perspective, which I think mostly comes from like VC. 561 00:29:18,160 --> 00:29:22,280 Yeah, I feel like the issue about a lot of these and like, I 562 00:29:22,280 --> 00:29:26,400 guess the altcoin cycle this, this, this cyclist has been, you 563 00:29:26,400 --> 00:29:29,720 can identify the narratives and then get completely wrecked on 564 00:29:29,720 --> 00:29:32,400 trying to buy them in liquid markets, right. 565 00:29:32,920 --> 00:29:37,120 I think this is a really good list of which ones to buy into, 566 00:29:37,720 --> 00:29:40,320 which are popular narratives. I just still find it really 567 00:29:40,320 --> 00:29:43,120 difficult to work out like what are the good investments in this 568 00:29:43,120 --> 00:29:46,200 narrative sometimes. Like for example, you could 569 00:29:46,200 --> 00:29:51,400 probably have said that about Blast, but then this was Blast a 570 00:29:51,400 --> 00:29:55,680 good investment Like you just, it probably was for the VCs, 571 00:29:55,680 --> 00:29:59,040 like it got itself to a $2 billion market cap or whatever 572 00:29:59,040 --> 00:30:02,360 it was or even higher. And that's probably still been a 573 00:30:02,360 --> 00:30:04,960 good BC trade, But it's still been difficult for users to like 574 00:30:05,400 --> 00:30:06,800 at times. And I feel like that's still 575 00:30:06,800 --> 00:30:08,160 where I'm at with a lot of these. 576 00:30:08,440 --> 00:30:11,360 I think these are really good narratives, but I feel as though 577 00:30:12,520 --> 00:30:14,680 they will flow back the value of a lot of these. 578 00:30:14,680 --> 00:30:17,760 I think the easiest way to play them is still with the with the 579 00:30:17,760 --> 00:30:19,760 L ones. So I think the most important 580 00:30:19,760 --> 00:30:24,680 question as well is then which L1 is, is next cycles L1? 581 00:30:25,040 --> 00:30:31,760 I do think Monad for me was the one that I felt like had the 582 00:30:31,760 --> 00:30:34,680 best chance out of those Berra chain. 583 00:30:36,120 --> 00:30:40,160 It feels OK, they will have their, you know, their 584 00:30:40,160 --> 00:30:44,320 differences in tech. But it felt like Berra chain was 585 00:30:44,320 --> 00:30:47,360 all built around bears and like it was a bit kind of kooky in 586 00:30:47,360 --> 00:30:49,920 that, in that in that world. I don't know if that goes to 587 00:30:49,920 --> 00:30:55,280 like 50 billion, you know, but I, but I feel like Mona has had 588 00:30:55,280 --> 00:30:57,040 a shot and I was really bullish on ton. 589 00:30:57,040 --> 00:31:00,400 Like I really did feel like ton had a good, really good shot at 590 00:31:00,400 --> 00:31:02,400 being that one as well. Like because it has so many 591 00:31:02,400 --> 00:31:06,520 different users, like billion users, you know, that's, that's 592 00:31:06,520 --> 00:31:11,800 a very, very big deal. But now, now I'm less less sure. 593 00:31:11,800 --> 00:31:14,400 And you know, I've even been pitching myself like the Tron 594 00:31:14,400 --> 00:31:16,760 bullish case. You know, that's what I've been 595 00:31:16,760 --> 00:31:18,720 pitching myself a little bit like look at Tron. 596 00:31:19,320 --> 00:31:23,680 It makes more fees than Solana and Eve, right? 597 00:31:23,680 --> 00:31:28,320 It makes one, it's on track to me like close to $1.5 billion of 598 00:31:28,320 --> 00:31:31,680 fees this year if it continues at it's current rate. 599 00:31:32,120 --> 00:31:36,920 And it is very clearly going to be the blockchain which allows 600 00:31:37,640 --> 00:31:40,840 dodgy transfers between different countries that are 601 00:31:40,840 --> 00:31:45,080 probably under U.S. sanctions. And Russia's just said, hey, 602 00:31:45,600 --> 00:31:49,200 we're basically going to allow that as part of our like, is 603 00:31:49,200 --> 00:31:50,760 that not just the screaming trade? 604 00:31:50,760 --> 00:31:54,800 Like Tron is just going to allow the 70 billion of Tether on 605 00:31:54,800 --> 00:31:58,560 that, on that chain to just print itself, print tons and 606 00:31:58,560 --> 00:32:02,240 tons of fees every single every single month. 607 00:32:02,560 --> 00:32:05,760 And that's just going to increase like out of all the L1 608 00:32:05,760 --> 00:32:08,840 that I find it difficult. But I do feel like Tron as the 609 00:32:09,440 --> 00:32:14,760 alternative to the SWIFT payment system has got like this bald 610 00:32:14,760 --> 00:32:18,000 garden that no one else is going to be out to touch and might 611 00:32:18,000 --> 00:32:20,800 actually be the trade, but but it's like a most Haitian trade. 612 00:32:22,080 --> 00:32:25,120 There's a market for that stuff. There's there's a market. 613 00:32:25,360 --> 00:32:27,280 There's a market. For it, the large market for 614 00:32:27,280 --> 00:32:30,920 that stuff, yeah, whether or not I agree with it, there's a 615 00:32:30,920 --> 00:32:33,120 market for it. So you're 100% right. 616 00:32:33,120 --> 00:32:36,000 So do you think, I guess the question becomes, do you think 617 00:32:36,000 --> 00:32:39,680 that the value then accrues to the Tron token or do you think 618 00:32:39,680 --> 00:32:42,400 that the network just grows larger and larger and larger 619 00:32:42,760 --> 00:32:44,680 because you do need some Tron to transact there. 620 00:32:44,680 --> 00:32:46,800 It's not like Solana where it's a fraction of a penny. 621 00:32:47,080 --> 00:32:49,600 Like I went over and you know, I messed around with a couple of 622 00:32:49,600 --> 00:32:51,960 shit coins there just to dip my feet into it. 623 00:32:52,560 --> 00:32:55,320 The, the transactions are kind of they're, they're a little 624 00:32:55,320 --> 00:32:58,480 expensive, You know, it's like 2 bucks or less per transaction. 625 00:32:58,480 --> 00:33:00,600 It's like I, I can do that on main net right now. 626 00:33:00,600 --> 00:33:03,800 But to your point, it's, it's, there's less censorship, right? 627 00:33:03,960 --> 00:33:06,040 There's people turn their eye to what goes on there. 628 00:33:06,720 --> 00:33:09,720 Right, so you pay you pay for illegal money transfers. 629 00:33:09,800 --> 00:33:11,360 Like maybe that isn't a big deal. 630 00:33:11,360 --> 00:33:15,040 You can move in, you know, 100 grand and you don't want to have 631 00:33:15,040 --> 00:33:18,560 any questions asked to you like maybe that's the cost of doing 632 00:33:18,760 --> 00:33:20,560 it. They are high by design. 633 00:33:20,640 --> 00:33:23,360 Like Justin Sun came out the other day and said, hey, we can 634 00:33:23,360 --> 00:33:25,360 actually cut these because meme coins are getting more active 635 00:33:25,480 --> 00:33:27,440 because it was cutting so much into like people trading meme 636 00:33:27,440 --> 00:33:28,480 points. I agree with you. 637 00:33:28,880 --> 00:33:32,720 Tron does not feel itself. The actual token doesn't feel 638 00:33:32,720 --> 00:33:36,480 like a medium of exchange. Like you own ETH, you spend ETH, 639 00:33:36,560 --> 00:33:40,120 you own soul, you spend soul. Tron only very recently became 640 00:33:40,120 --> 00:33:43,480 like a a medium of exchange. Before that it was just a gas 641 00:33:43,480 --> 00:33:47,040 token. And may maybe there's a shot 642 00:33:47,040 --> 00:33:51,120 that they are able to build some dodgy meme coins on the back of 643 00:33:51,120 --> 00:33:51,960 it. They're already, they're doing a 644 00:33:51,960 --> 00:33:53,240 great job of it already, you know? 645 00:33:54,360 --> 00:33:57,920 Justin S he's doing spaces with my own all fall on Tron meme 646 00:33:57,920 --> 00:34:00,120 coins, so he's incredible. No work credible. 647 00:34:01,800 --> 00:34:05,560 It's an interesting discussion. Let's let's move down to brewing 648 00:34:05,560 --> 00:34:07,440 here a little bit, jeez, Because I know we only got you in front 649 00:34:07,440 --> 00:34:09,400 of maybe 5 to 10 minutes. Yeah. 650 00:34:09,960 --> 00:34:11,679 Yeah, some of the brewing narratives, you got progressive 651 00:34:11,679 --> 00:34:14,920 web apps. PWA has the mobile 652 00:34:14,920 --> 00:34:18,120 infrastructure I think that's like go back to talk about blast 653 00:34:18,120 --> 00:34:21,679 for one second and I have Tyler. We wanted to chat about this one 654 00:34:21,800 --> 00:34:24,360 right PAC man's been coming out tweeting quite a bit about this 655 00:34:24,360 --> 00:34:29,400 idea of an an entirely frictionless chain mobile 1st 656 00:34:29,719 --> 00:34:32,080 and I and I I I fall into this like I believe it. 657 00:34:32,080 --> 00:34:34,600 I think mobile is going to be where a lot of users end up 658 00:34:34,600 --> 00:34:37,600 interacting primarily with more consumer facing apps, probably 659 00:34:37,600 --> 00:34:39,679 less trading. I I personally like I still like 660 00:34:39,679 --> 00:34:41,880 to trade you know at my computer. 661 00:34:41,880 --> 00:34:43,800 I like to see everything I like to have a bunch of information 662 00:34:43,800 --> 00:34:45,320 up. Maybe if it's like a snap trade, 663 00:34:45,560 --> 00:34:48,639 I might do it on mobile, but definitely a lot less of that. 664 00:34:49,120 --> 00:34:50,840 So he clearly believes in this world. 665 00:34:51,639 --> 00:34:56,120 PWA seem like almost like a bit of a Trojan horse to get people 666 00:34:56,560 --> 00:34:59,040 into using things. I think we saw some experiments 667 00:34:59,040 --> 00:35:01,000 with fantasy top. We saw some experience with 668 00:35:01,000 --> 00:35:04,160 friend tech things that really took off, but they're more or 669 00:35:04,160 --> 00:35:06,480 less lightning in a bottle. Nothing's really sustained for a 670 00:35:06,480 --> 00:35:08,960 long period of time. So this is one of the things 671 00:35:08,960 --> 00:35:11,840 that I'm I'm looking at and, and trying to figure out, you know, 672 00:35:11,840 --> 00:35:15,640 what's the next big one here? It's interesting, I I like the 673 00:35:15,640 --> 00:35:18,600 vision for blast. I think the question is once 674 00:35:18,600 --> 00:35:22,080 they're full stack, it's still like, So what are people going 675 00:35:22,080 --> 00:35:25,000 to open the blast up on their phone and use it for? 676 00:35:25,120 --> 00:35:29,000 I guess it's still the, the question I have in my head, 677 00:35:29,000 --> 00:35:31,680 right. And, and we said the, the chorus 678 00:35:31,680 --> 00:35:34,160 for several months was well, they're they're give Pac-Man 679 00:35:34,160 --> 00:35:35,960 time. And you know, we, we did that 680 00:35:36,120 --> 00:35:37,920 during the, the pre AirDrop phase. 681 00:35:37,920 --> 00:35:39,640 And now it's like, well, we'll give them another 12 months and 682 00:35:39,640 --> 00:35:43,040 that's fine if these things take time, but I guess I still have 683 00:35:43,040 --> 00:35:44,760 line of sight until like, what? What are we going to be using 684 00:35:44,760 --> 00:35:47,960 the blast up on our phones for? I I don't know either. 685 00:35:47,960 --> 00:35:49,920 Yeah. I think my hardest part too is 686 00:35:49,920 --> 00:35:53,240 that a lot of people left with a sour taste in their mouth after 687 00:35:53,240 --> 00:35:56,200 that trade. And I think it's really hard to 688 00:35:56,200 --> 00:35:58,640 bring back a lot of those users. I think there's it's going to be 689 00:35:58,640 --> 00:36:01,960 an uphill battle for them to to really regain some market share. 690 00:36:02,360 --> 00:36:05,040 At the same time, I think folks in crypto sometime have like 691 00:36:05,040 --> 00:36:07,760 goldfish brain and if there's opportunity, they're game to go 692 00:36:07,760 --> 00:36:10,680 kind of seek that out. So I'm, I'm in the same boat as 693 00:36:10,680 --> 00:36:12,320 you. I'm a bit unclear as to where 694 00:36:12,320 --> 00:36:15,240 this goes, but I'll I'll be watching it for a little bit. 695 00:36:16,760 --> 00:36:19,560 I think blasting might be turning around actually a little 696 00:36:19,560 --> 00:36:24,840 bit like I think we we got the post air drop fun and dump and 697 00:36:24,840 --> 00:36:28,080 now like most people left right. So I think the only people left 698 00:36:28,280 --> 00:36:30,400 in the ecosystem are the ones who are actually using it and 699 00:36:30,400 --> 00:36:32,920 like it and fancy top. I think is is certainly driving 700 00:36:32,920 --> 00:36:34,600 it. I think this guy raises one of 701 00:36:34,600 --> 00:36:36,760 my questions. Like it it it does feel as 702 00:36:36,760 --> 00:36:39,640 though one app is like defining it, like the arbitrum is 703 00:36:39,840 --> 00:36:41,880 currently being called the hyper liquid bridge. 704 00:36:42,120 --> 00:36:46,320 It does feel like blast is like the is the fantasy top bridge at 705 00:36:46,320 --> 00:36:49,120 the moment. You know, like one app is really 706 00:36:49,240 --> 00:36:52,080 sometimes all you need for someone like for people to feel 707 00:36:52,080 --> 00:36:54,080 better about the chain and fantasy top. 708 00:36:54,080 --> 00:36:56,480 It feels like people are are happy to gamble with it. 709 00:36:56,480 --> 00:36:58,120 Like, it does feel like it's got a good thing going. 710 00:36:58,720 --> 00:37:01,160 And I love fancy Top, but like, let's reality check. 711 00:37:01,160 --> 00:37:04,840 Fancy top is like 1500 users. Oh yeah. 712 00:37:04,840 --> 00:37:08,080 So, so it it's not it's not enough. 713 00:37:09,160 --> 00:37:10,840 Yeah, Blast did come out, though. 714 00:37:10,840 --> 00:37:12,920 One thing I will say is they did come out with some of the more 715 00:37:13,360 --> 00:37:16,640 interesting and innovative consumer apps coming out of Big 716 00:37:16,640 --> 00:37:19,400 Blast. The launch, there was a lot of 717 00:37:19,400 --> 00:37:21,600 fun stuff to do there for like a period of time. 718 00:37:21,720 --> 00:37:24,640 It it really was great. It's just I think Mando made a 719 00:37:24,640 --> 00:37:26,160 great point. It's like once the token became 720 00:37:26,160 --> 00:37:29,360 live, people generally just lose interest. 721 00:37:29,360 --> 00:37:33,040 Trade's over, farmers are out. Price goes down, sentiment goes 722 00:37:33,040 --> 00:37:35,840 down, users leave it. It snowballs. 723 00:37:35,880 --> 00:37:40,040 It's it's hard to recover. So I think what base might be 724 00:37:40,120 --> 00:37:43,160 actively proving right now is it's like this whole like we 725 00:37:43,160 --> 00:37:46,640 need consumer apps to consumer crypto apps to succeed. 726 00:37:47,800 --> 00:37:50,840 Do you it's like what what consumer crypto app does base 727 00:37:50,840 --> 00:37:55,400 have right? We're up to a million million 728 00:37:55,400 --> 00:37:58,520 active users I. Have friend tech and friend and 729 00:37:58,520 --> 00:38:02,160 from pet. It did, but but not anymore and 730 00:38:02,200 --> 00:38:04,480 and now their user growth is off the charts. 731 00:38:04,480 --> 00:38:06,760 Yeah. What is going on on base like 732 00:38:06,760 --> 00:38:09,320 some because like the number of users, number of transactions, 733 00:38:09,480 --> 00:38:14,360 number of Uniswap pools is like unbelievable, but the number of 734 00:38:14,360 --> 00:38:18,080 users from Uniswap on base is like 80% of their users aren't 735 00:38:18,080 --> 00:38:21,360 ridiculous, but I don't see any meme coins happening it's. 736 00:38:21,400 --> 00:38:23,840 Not the activity here on Artemis. 737 00:38:25,320 --> 00:38:27,200 Yeah, I've got the same question. 738 00:38:27,200 --> 00:38:28,720 So it's not memes, it's not NF TS. 739 00:38:28,720 --> 00:38:33,080 We saw Ave. they've reached 100 million in TBL yesterday for the 740 00:38:33,080 --> 00:38:34,440 first time. It looks like that just fell 741 00:38:34,440 --> 00:38:37,960 under a. 100 million in TBL just doesn't. 742 00:38:38,440 --> 00:38:42,440 Is that something else needs? To be pulling in a lot right 743 00:38:42,440 --> 00:38:44,040 now. Sora, Sora. 744 00:38:45,760 --> 00:38:48,680 Interesting. Then it's D5, bunch of D5 745 00:38:48,680 --> 00:38:54,040 activity, some NFT apps, little bit of 1155 stuff, but not a 746 00:38:54,040 --> 00:38:57,600 ton. Seems to be like like NFT 747 00:38:57,600 --> 00:39:00,480 focused I think like small collector focused people 748 00:39:00,480 --> 00:39:04,440 experimenting with that. That would make sense. 749 00:39:05,760 --> 00:39:07,800 Yeah. Because it's not something that 750 00:39:07,800 --> 00:39:09,640 I see. It's not like people going, oh, 751 00:39:09,640 --> 00:39:11,360 we'll move into base for base season. 752 00:39:11,640 --> 00:39:14,920 That happened and then nothing really happened on the back of 753 00:39:14,920 --> 00:39:17,880 it it. But yeah, base base has AI. 754 00:39:17,880 --> 00:39:21,320 Don't know. I don't know if we need a 755 00:39:21,320 --> 00:39:23,120 consumer crypto. As I said this in the start, I 756 00:39:23,120 --> 00:39:28,000 feel like payments it's kind of and and Rwas is like are just so 757 00:39:28,000 --> 00:39:31,320 huge. Maybe Tron's. 758 00:39:31,360 --> 00:39:35,880 Tron's the bet man. That's why one of my thoughts. 759 00:39:36,200 --> 00:39:38,800 From Russia evading sanctions, Tron is the bet. 760 00:39:39,880 --> 00:39:41,480 And like when I was going through your list, Jeeves, and 761 00:39:41,480 --> 00:39:43,640 again, like, this is a fantastic lesson and it really got my 762 00:39:43,640 --> 00:39:45,720 wheels spinning. And I feel like one thing, one 763 00:39:45,720 --> 00:39:48,600 of my takeaways is that there are so many like consensus 764 00:39:49,240 --> 00:39:51,160 crypto narratives. And a lot of times those 765 00:39:51,160 --> 00:39:52,600 consensus ones are not being wrong. 766 00:39:54,000 --> 00:39:56,880 Big time, yeah. It definitely does make sense to 767 00:39:56,880 --> 00:39:59,640 try to form your own opinions, even try to form contrarian 768 00:39:59,640 --> 00:40:03,520 ones. Any other? 769 00:40:03,880 --> 00:40:06,360 You love the tokenized luxury goods down here. 770 00:40:06,400 --> 00:40:08,640 This is actually one of the ones that I that I love a lot, 771 00:40:08,760 --> 00:40:11,000 primarily just because you can issue debt on these. 772 00:40:13,040 --> 00:40:16,560 I do want to pop down to the to the to the last category here 773 00:40:16,560 --> 00:40:18,960 'cause I think this is actually the most interesting one, which 774 00:40:19,000 --> 00:40:21,520 is dormant narratives. What are the things that are 775 00:40:21,600 --> 00:40:24,120 slightly dead that we think could come back here? 776 00:40:24,160 --> 00:40:28,560 And I lay out a bunch here, which is political tokens. 777 00:40:28,600 --> 00:40:30,240 I don't know if those ever come back. 778 00:40:30,360 --> 00:40:33,360 I think that cats out of the bag, maybe they run up to some 779 00:40:33,360 --> 00:40:34,880 extent leading into the election. 780 00:40:35,080 --> 00:40:38,800 But I think that like when you select the right outcome and you 781 00:40:38,800 --> 00:40:41,880 lose, it's bad. But people like to gamble. 782 00:40:41,880 --> 00:40:45,840 So maybe they have some level of comeback, but then there's also 783 00:40:45,840 --> 00:40:48,560 now a ton of bag holders, so likely they sell into a lot of 784 00:40:48,560 --> 00:40:49,880 that. Do you guys think these have any 785 00:40:49,880 --> 00:40:53,880 shot? Out of these, I like, I like 786 00:40:53,880 --> 00:40:56,440 NFTS, I like NFTS. It feels like they're coming 787 00:40:56,440 --> 00:40:57,680 back. We spoke about that yesterday. 788 00:40:57,680 --> 00:41:00,920 Risk reward seems OK. The gamble, fine. 789 00:41:00,920 --> 00:41:05,400 Narrative, I'm bullish on long term gambling like I just feel 790 00:41:05,400 --> 00:41:07,160 as a society we're heading that way. 791 00:41:07,160 --> 00:41:10,040 I think it's one of the only ways to re rate like your net 792 00:41:10,040 --> 00:41:12,080 wealth. People are reaching this for 793 00:41:12,080 --> 00:41:13,520 this sort of stuff, whether you like it or not. 794 00:41:14,000 --> 00:41:18,600 But I do think the tokens, I don't know about the tokens as 795 00:41:18,600 --> 00:41:21,320 much Robit hit a high during the bear market, right? 796 00:41:21,840 --> 00:41:24,680 Like people stopped trading with meme coins and they stopped 797 00:41:24,680 --> 00:41:26,800 making money on FTS and they were like, right, we're just 798 00:41:26,800 --> 00:41:28,960 going to, we're just going to gamble. 799 00:41:28,960 --> 00:41:32,080 And Robit. I you could see it feels as 800 00:41:32,080 --> 00:41:34,760 though those tokens probably do best if things really start to 801 00:41:34,760 --> 00:41:37,360 quieten down. Yeah, I actually went on to roll 802 00:41:37,360 --> 00:41:41,080 bit yesterday just to give it a look at it and I I forgot how 803 00:41:41,240 --> 00:41:44,240 great the interface is. Yeah, the UI UX. 804 00:41:44,560 --> 00:41:46,240 It's it's really well built. Yeah. 805 00:41:46,240 --> 00:41:49,880 And I didn't realize they also sponsor like a soccer club now. 806 00:41:50,480 --> 00:41:53,560 Football club, they, they sponsor Southampton, which is, 807 00:41:53,560 --> 00:41:56,000 which is one of the and they sponsor this stream, but they, 808 00:41:56,040 --> 00:41:59,120 they sponsor Southampton, which is yeah, English Premier League 809 00:41:59,120 --> 00:42:00,600 team. They just got promoted. 810 00:42:01,520 --> 00:42:02,560 That's crazy. That's awesome. 811 00:42:02,560 --> 00:42:05,800 That's a big. Deal not, I think Steak 812 00:42:05,800 --> 00:42:10,840 sponsored another team for a year, Everton, but yeah, like 813 00:42:11,800 --> 00:42:14,400 it's a big deal, Big deal to be sponsoring an EPL team for sure. 814 00:42:14,400 --> 00:42:17,280 That's crazy. Any other ones stand out to you 815 00:42:17,280 --> 00:42:19,160 here? Any that you're like these maybe 816 00:42:19,160 --> 00:42:21,880 have a shot or these are this one's going to die. 817 00:42:24,000 --> 00:42:26,600 It's an interesting list. I think Web 3 gaming you nailed. 818 00:42:28,320 --> 00:42:31,360 I feel like metaverse has like a shot on like a 10 year time 819 00:42:31,360 --> 00:42:34,720 horizon. So like I'm not running it to 0 820 00:42:34,720 --> 00:42:37,640 but for the next few years. I agree nothing's happening. 821 00:42:37,680 --> 00:42:44,040 Points and AirDrop farming that meant I got over saturated but I 822 00:42:44,040 --> 00:42:46,120 also don't think it's gone forever. 823 00:42:47,040 --> 00:42:48,480 NFTS was a gut punch. Jeez. 824 00:42:48,480 --> 00:42:50,360 That's what I'm saying. Seeing NFTS on your on your 825 00:42:50,360 --> 00:42:53,440 dormant narratives list what What was a tough one? 826 00:42:55,800 --> 00:42:58,360 NFT 5 seems to be slowing down. I mean I agree with that. 827 00:42:58,480 --> 00:42:59,840 That's that's hard to even argue with. 828 00:43:00,640 --> 00:43:02,880 Yeah, I mean, after this past week, I'm sure that one's hard 829 00:43:02,880 --> 00:43:06,840 to swallow, but like a week and a half ago, I think it kind of 830 00:43:06,840 --> 00:43:08,240 looked that way. You know, it's like I see 831 00:43:08,240 --> 00:43:12,320 everyone just cheering about NFTS and I mean, I, I love NFTS, 832 00:43:12,360 --> 00:43:14,560 right? Like clamped punks was kind of 833 00:43:14,560 --> 00:43:16,720 early into a lot of this stuff. I, I really believe in a lot of 834 00:43:16,720 --> 00:43:18,520 it. I just think it's going to be a, 835 00:43:18,520 --> 00:43:21,160 a tough grind back up, but there's going to be these 836 00:43:21,160 --> 00:43:24,240 sessions where it's like they just spike and then a lot of 837 00:43:24,240 --> 00:43:26,160 this stuff becomes highly legitimized. 838 00:43:26,160 --> 00:43:29,680 And as that happens, user bases grow, collectors grow. 839 00:43:31,520 --> 00:43:33,640 We'll we'll kind of see where that one, that one ends up. 840 00:43:33,640 --> 00:43:36,440 But I you're right, I think the I think NFTS after this past 841 00:43:36,440 --> 00:43:38,880 week, I could probably put back up into brewing, but I'm going 842 00:43:38,880 --> 00:43:40,640 to leave it sit for another few weeks and see. 843 00:43:41,320 --> 00:43:43,200 Do it the wild card on your list, and we've talked about 844 00:43:43,200 --> 00:43:47,400 this before a little bit, is the rise of Dogefra yeah. 845 00:43:48,440 --> 00:43:53,440 So DRC 20s dojnals and dunes. So I think we're going to need 846 00:43:53,440 --> 00:43:57,920 to see that mean coin super cycle thesis play out probably 847 00:43:57,920 --> 00:43:59,680 for this one to to really happen. 848 00:43:59,680 --> 00:44:04,560 But in that scenario where doge goes on a route Dogefra maybe. 849 00:44:04,880 --> 00:44:08,680 Absolutely I. Just think, yeah. 850 00:44:09,680 --> 00:44:13,040 Yeah, this is like one of the more niche areas that I spent 851 00:44:13,040 --> 00:44:16,160 some time in. So you can get like DOGE NFTS, 852 00:44:16,760 --> 00:44:19,200 liquid DOGE tokens. A lot of the Bitcoin 853 00:44:19,200 --> 00:44:22,320 infrastructure that's been built out effectively got put over 854 00:44:22,320 --> 00:44:25,200 into the DOGE ecosystem and and there's a pretty thriving 855 00:44:25,240 --> 00:44:27,240 ecosystem of people that participate in that. 856 00:44:27,520 --> 00:44:29,760 I bought a couple of NFTS, kind of messed around with that a 857 00:44:29,760 --> 00:44:32,680 bit. I still just think DOGE on a 858 00:44:32,680 --> 00:44:37,680 long term scale has a lot of a lot of upside potential. 859 00:44:37,680 --> 00:44:40,080 Then you know, Tyler and I talk about this from time to time, 860 00:44:40,080 --> 00:44:45,760 but there's this idea that like Elon loves it and there's like 861 00:44:45,760 --> 00:44:48,520 integration potential there. Although you know when he he 862 00:44:48,520 --> 00:44:51,640 recently had that doge meme was like director of. 863 00:44:51,640 --> 00:44:54,400 No one cared. No one cared at all. 864 00:44:54,400 --> 00:44:59,240 I think it went down. I I think as a as a form of 865 00:44:59,240 --> 00:45:03,680 payment with doge is is got a is probably up there top three 866 00:45:03,880 --> 00:45:07,120 right like Bitcoin, EI guess Solano as well now. 867 00:45:07,120 --> 00:45:12,320 But like everyone in the world knows about Doge. 100% I I use 868 00:45:12,320 --> 00:45:14,640 it to gamble on golf rounds. Right. 869 00:45:15,840 --> 00:45:18,760 Everyone's heard of it like you. They'll be like, oh, the dog 870 00:45:18,760 --> 00:45:19,840 coin. Yeah, yeah, yeah, I remember 871 00:45:19,840 --> 00:45:21,160 that. Or like yeah, I've heard about 872 00:45:21,160 --> 00:45:23,600 it. They haven't for Solano they and 873 00:45:24,280 --> 00:45:26,640 probably not even for ETH like some people have heard of ETH, 874 00:45:26,640 --> 00:45:28,600 but DOGE is really what mainstream says. 875 00:45:28,600 --> 00:45:33,040 If you're thinking about if you need to believe in something can 876 00:45:33,040 --> 00:45:37,000 have value independent of you know, like we're we're creating 877 00:45:37,000 --> 00:45:40,760 currencies out of nothing here. Guys like Doge at least has that 878 00:45:40,960 --> 00:45:42,600 respectability that it's known it's. 879 00:45:43,880 --> 00:45:45,760 A great point. Has like a really strong brand 880 00:45:45,760 --> 00:45:50,280 recognition globally, yeah. Do you have any of the doge NFTS 881 00:45:50,280 --> 00:45:53,400 jeeps? Yeah, I've got two. 882 00:45:53,720 --> 00:45:55,840 There's a, there's a few websites you can go to and kind 883 00:45:55,840 --> 00:45:58,480 of check them out there. They got like a little frothy 884 00:45:58,480 --> 00:46:00,880 for a moment. There's also like obviously some 885 00:46:00,880 --> 00:46:03,840 tokens there. I think that that will go hand 886 00:46:03,840 --> 00:46:07,360 in hand with what I have here on like the Bitcoin ecosystem 887 00:46:07,360 --> 00:46:08,960 stuff. So we've seen like runes and 888 00:46:08,960 --> 00:46:12,280 fungible tokens and ordinals on Bitcoin sort of slowed down a 889 00:46:12,280 --> 00:46:14,080 little bit. I think the ordinals have 890 00:46:14,080 --> 00:46:19,120 recently picked up like node monkeys and liquid puppets a 891 00:46:19,120 --> 00:46:21,600 tiny, tiny bit, but they really haven't kept up with some of the 892 00:46:21,640 --> 00:46:26,920 ETH NFTS. And so that ecosystem, I, I have 893 00:46:26,920 --> 00:46:30,280 trouble sort of seeing the vision for it currently, but 894 00:46:30,280 --> 00:46:32,680 it's one of those ones that I I don't think you can count out. 895 00:46:32,760 --> 00:46:35,960 Everyone always talks about unlocking Bitcoin liquidity, 896 00:46:35,960 --> 00:46:38,160 doing all these different applications with it. 897 00:46:39,240 --> 00:46:40,840 I think we'll see it when it happens. 898 00:46:41,320 --> 00:46:44,800 Jury's out until we see Bitcoin run to 100K and if ordinals and 899 00:46:44,800 --> 00:46:47,240 ruins are still dead in that scenario then we can probably 900 00:46:47,280 --> 00:46:51,200 hold the funeral. I have a couple of buddies with 901 00:46:51,200 --> 00:46:54,040 some doge rocks just closing out the doge for I don't know any 902 00:46:54,280 --> 00:46:59,080 but I like the doge rock. NFT play as a bet on on doge for 903 00:46:59,080 --> 00:47:02,000 a in a 12 to 24 month time horizon. 904 00:47:03,080 --> 00:47:04,800 Well jeez, this was a great list. 905 00:47:05,640 --> 00:47:07,880 Thank you for sharing this with us. 906 00:47:08,840 --> 00:47:10,440 This has been a really fun conversation. 907 00:47:10,440 --> 00:47:13,320 I know you've got some time constraints here.