1 00:00:00,080 --> 00:00:04,280 Good morning. Good morning, GMGM. 2 00:00:04,320 --> 00:00:06,880 Everyone. Thank you for joining us here. 3 00:00:06,960 --> 00:00:09,560 Welcome to another episode of Bobo Hour. 4 00:00:09,560 --> 00:00:13,400 This is episode 193. Today. 5 00:00:13,720 --> 00:00:19,720 Is Wednesday, Wednesday, September 444 folks, it is 6 00:00:19,720 --> 00:00:22,280 another beautiful day here in Chicago. 7 00:00:22,280 --> 00:00:27,000 The sun is shining at 70°. Just absolutely beautiful out 8 00:00:27,000 --> 00:00:30,640 here right now and I can say it is a healthy distraction from 9 00:00:30,680 --> 00:00:35,360 wrecked timber stocks losing 1 trillion in market cap 10 00:00:35,360 --> 00:00:38,040 yesterday. NVIDIA now facing an antitrust 11 00:00:38,040 --> 00:00:42,800 supotento majors falling hard. We are here today to help you 12 00:00:42,800 --> 00:00:46,280 cope and break it all down. No faroke. 13 00:00:46,280 --> 00:00:49,960 He is still gallivanting around the Asia Pacific. 14 00:00:49,960 --> 00:00:52,280 I think Amanda will join us here in a bit. 15 00:00:52,280 --> 00:00:55,040 But I've got my Co host Logan Hitchcock, our editor in chief 16 00:00:55,160 --> 00:00:57,400 over the trader. He's been following this. 17 00:01:02,360 --> 00:01:05,160 Oh boy, how you doing? Hey, good morning, Tyler. 18 00:01:05,200 --> 00:01:06,560 Sorry, I lost you there for a second. 19 00:01:07,560 --> 00:01:10,000 I'm doing well. Weather is is nice here as well. 20 00:01:10,640 --> 00:01:15,120 Nice distraction as you mentioned from a market that you 21 00:01:15,120 --> 00:01:17,160 don't really want to pay attention to, at least the the 22 00:01:17,160 --> 00:01:20,040 price tickers, you do not want to be paying attention to it at 23 00:01:20,040 --> 00:01:24,200 present time. Yeah, I am with you there. 24 00:01:24,200 --> 00:01:26,160 So let's get right into it. What are we going to talk about 25 00:01:26,160 --> 00:01:28,240 on today's show, folks? We're going to start with a 26 00:01:28,240 --> 00:01:30,920 quick market report. I'll do my best. 27 00:01:30,920 --> 00:01:33,880 Mando impression Wreck Timber is here. 28 00:01:33,880 --> 00:01:36,600 We've got meme coin majors very red. 29 00:01:36,960 --> 00:01:40,920 The FBI warning that North Korea is in aggressive pursuits 30 00:01:40,920 --> 00:01:42,560 against the crypto industry. Not great. 31 00:01:42,880 --> 00:01:46,640 Some wild new details from the Trump crypto project. 32 00:01:46,640 --> 00:01:48,760 World Liberty Thigh. We'll get into that. 33 00:01:48,960 --> 00:01:51,600 We got a busy day of protocol news and updates. 34 00:01:51,800 --> 00:01:54,240 Jenkins the valet calling it quits. 35 00:01:54,360 --> 00:01:57,280 Rock Toshi apparently is the Co founder of Ordinals. 36 00:01:57,320 --> 00:02:00,760 The market didn't care at all. We'll break all that down and 37 00:02:00,760 --> 00:02:02,760 more. Plus folks, we've got Aerobot 38 00:02:02,760 --> 00:02:08,240 spins today with a brand new spinner and a brand new process. 39 00:02:08,240 --> 00:02:11,200 So folks, once again, to be eligible you will need to 40 00:02:11,200 --> 00:02:14,360 retweet the spaces and follow the host as always, but new 41 00:02:14,360 --> 00:02:16,880 actions. So starting today, you will need 42 00:02:16,880 --> 00:02:23,440 to go to rafflebot dot XYZ, sign in with your X credentials, and 43 00:02:23,440 --> 00:02:28,080 then enter the code for today. That code is Rollbit 45. 44 00:02:28,760 --> 00:02:31,360 So once again, you'll need to go to rafflebot dot XYZ, sign in 45 00:02:31,360 --> 00:02:33,800 with your X credentials, and enter today's code. 46 00:02:33,800 --> 00:02:36,840 It'll be flashing on the screen. We're hoping this new process 47 00:02:36,840 --> 00:02:41,000 helps us avoid some of the bots which do creep in from time to 48 00:02:41,000 --> 00:02:42,320 time. We are excited for this new 49 00:02:42,320 --> 00:02:45,040 process, folks. We're also excited for our new 50 00:02:45,040 --> 00:02:49,000 partner, Galaxis. So Galaxis is a no code Web 3 51 00:02:49,000 --> 00:02:52,160 platform that empowers creators and communities to become 52 00:02:52,160 --> 00:02:56,960 owners. Check them out at Galaxis XYZ on 53 00:02:56,960 --> 00:02:59,520 X or Twitter. We are very excited to have them 54 00:02:59,960 --> 00:03:03,080 on board. All right, all right. 55 00:03:03,200 --> 00:03:05,520 Well, with that, I think that is our open. 56 00:03:05,520 --> 00:03:10,240 Let's just get right into our market report and I'll do my 57 00:03:10,240 --> 00:03:15,320 best to fill in for Mando here this morning. 58 00:03:15,560 --> 00:03:18,120 Let's start with taking a look at the the crypto board. 59 00:03:18,120 --> 00:03:20,320 I'll get the screen share pulled up for us here. 60 00:03:20,320 --> 00:03:26,000 So Bitcoin, ETH, Solana all down about four to 5% on the day, 61 00:03:26,440 --> 00:03:31,560 Bitcoin 56,700. We got ETH at 2400, Solana 128. 62 00:03:31,560 --> 00:03:37,400 It's seemingly on the back of a very rough day in stocks. 63 00:03:37,400 --> 00:03:42,640 So the stock market lost about 1 trillion in value yesterday and 64 00:03:42,640 --> 00:03:46,000 then we got some negative news after market closed yesterday. 65 00:03:46,000 --> 00:03:51,400 So NVIDIA, it just got a DOJ subpoena and an antitrust 66 00:03:51,840 --> 00:03:54,440 investigation. It seems like the antitrust 67 00:03:54,440 --> 00:03:57,520 officials are concerned that NVIDIA is making it harder to 68 00:03:57,520 --> 00:04:00,200 switch to other suppliers and penalize buyers that don't 69 00:04:00,200 --> 00:04:05,440 exclusively use it's chips. So the video was down quite a 70 00:04:05,440 --> 00:04:08,640 bit on the day yesterday. It looks like they're coming 71 00:04:08,640 --> 00:04:13,000 back here a bit. And they were at 127 before 72 00:04:13,000 --> 00:04:15,440 earnings just a week ago. Now back at one O 7. 73 00:04:15,440 --> 00:04:18,320 I think it hit one O 4 or so at peak. 74 00:04:18,519 --> 00:04:22,680 Lost something like $300 billion in market cap. 75 00:04:22,680 --> 00:04:26,880 So I think that the draw down in NVIDIA impacting the broader 76 00:04:26,880 --> 00:04:31,040 tech sector and leading stocks and that seems to be bleeding 77 00:04:31,440 --> 00:04:36,360 into crypto a bit as well. It doesn't help that open 78 00:04:36,360 --> 00:04:42,760 interest in Bitcoin is at levels not seen since January of 2023. 79 00:04:43,600 --> 00:04:47,960 On top of that, we've got search levels. 80 00:04:47,960 --> 00:04:50,800 I think Amanda mentioned this on yesterday's show, Bitcoin search 81 00:04:50,800 --> 00:04:53,960 levels back to where they were eleven months ago when Bitcoin 82 00:04:53,960 --> 00:04:57,240 was 27 K. So it feels like we are just 83 00:04:57,240 --> 00:04:59,640 kind of fully resetting at at this point. 84 00:04:59,640 --> 00:05:02,760 If you look at the fear and greed index, we're at 34 85 00:05:03,480 --> 00:05:09,280 squarely in that the fear portion of that of that spectrum 86 00:05:09,400 --> 00:05:13,600 right now. But perhaps you know 11 Ray of 87 00:05:13,600 --> 00:05:19,520 Hope from Scottie Pippen of all actors here and and Mando 88 00:05:19,520 --> 00:05:22,960 retweeted this yesterday. So this is from the Scottie 89 00:05:22,960 --> 00:05:25,720 Pippen X account. Satoshi Nakamoto visited me in 90 00:05:25,720 --> 00:05:27,840 my dream last night and predicted that Bitcoin would be 91 00:05:27,840 --> 00:05:33,520 at $84,650 on November 4th. November 5th, 2024. 92 00:05:34,120 --> 00:05:37,000 Not financial advice. We are, we are very helpful. 93 00:05:37,480 --> 00:05:40,520 Very happy that he disclosed at the end of that. 94 00:05:40,520 --> 00:05:46,240 Was NFA Logie. Any reactions to the market move 95 00:05:46,240 --> 00:05:49,960 or this wild tweet here from the Scottie Pippen account? 96 00:05:50,720 --> 00:05:53,400 Well, I he must have gotten some counsel because I think this is 97 00:05:53,400 --> 00:05:55,880 the first time he's included the NFA tag, right? 98 00:05:55,960 --> 00:05:58,920 Not the not the first crypto tweet from Scottie Pippen, but 99 00:05:58,920 --> 00:06:02,160 the first time I've seen at least the NFA be so front and 100 00:06:02,160 --> 00:06:04,960 center. So kudos to Scotty and and team 101 00:06:04,960 --> 00:06:07,120 for wisening up there to a degree. 102 00:06:08,160 --> 00:06:11,440 You know, I know this is maybe not a serious tweet, but at 103 00:06:11,440 --> 00:06:15,160 least in terms of the price action expectations, you know, 104 00:06:15,160 --> 00:06:18,200 we've been talking on the show macro conditions, you know, that 105 00:06:18,200 --> 00:06:21,320 would kind of fall in line with chop until election stuff, 106 00:06:21,320 --> 00:06:24,480 right? So why not pin this up on your 107 00:06:24,480 --> 00:06:28,520 wall and and revisit come November 5th to see, you know, 108 00:06:28,520 --> 00:06:33,360 should Scotty actually have been visited by Satoshi Nakamoto in 109 00:06:33,360 --> 00:06:36,360 terms of, you know, the other stuff, you know, not not too 110 00:06:36,360 --> 00:06:37,840 much to say outside of what you shared. 111 00:06:37,840 --> 00:06:42,640 Of course, NVIDIA being the, you know, bell cow for every the 112 00:06:42,640 --> 00:06:44,720 bellwether bell cow, whatever you want to call it for, you 113 00:06:44,720 --> 00:06:48,720 know, this entire risk market. So not surprising to see fears, 114 00:06:48,800 --> 00:06:51,880 you know, around that leading to, you know, pretty drastic 115 00:06:51,880 --> 00:06:55,520 sell off and risk assets. You know, wish it weren't the 116 00:06:55,520 --> 00:06:56,680 case. But like you said, use the 117 00:06:56,680 --> 00:06:59,360 weather as a distraction. Anything is a distraction to to 118 00:06:59,440 --> 00:07:01,600 look at the price at this point in time. 119 00:07:02,400 --> 00:07:03,680 Yeah, the chart doesn't look great. 120 00:07:04,040 --> 00:07:08,120 It feels like a red September. The the prophecy is fulfilling 121 00:07:08,120 --> 00:07:11,640 itself at least four days into the month. 122 00:07:12,320 --> 00:07:18,880 Perhaps FOMC will impact that. On that note, I keep coming back 123 00:07:18,880 --> 00:07:19,680 to this. I tweeted yesterday. 124 00:07:19,680 --> 00:07:22,520 I think it's the most important line in the prediction markets. 125 00:07:23,000 --> 00:07:25,200 the Fed interest rates then hey, we got a bump. 126 00:07:25,440 --> 00:07:31,160 Wow, we are up to 36% chance folks on that 50 BPS cut. 127 00:07:31,680 --> 00:07:35,320 That is a massive upswing. Let's see where this is at. 128 00:07:35,320 --> 00:07:38,080 So just this is actually breaking news for me folks, 129 00:07:38,320 --> 00:07:41,000 hence my reaction. Let's look at the five day 130 00:07:41,000 --> 00:07:42,960 chart. That's because I bought some 131 00:07:43,200 --> 00:07:46,680 Tyler, I bought some of those yes, shares to push it up, so. 132 00:07:46,840 --> 00:07:49,480 All right, So this is up something like and it's 133 00:07:49,480 --> 00:07:56,000 basically up 100% on the day. So a massive, massive move in 134 00:07:56,000 --> 00:08:01,320 this now up to a 37% shot. Perhaps a whale just came in. 135 00:08:01,320 --> 00:08:04,040 So I'm still buying yes. OK, so there's like no liquidity 136 00:08:04,720 --> 00:08:09,040 at this number Even so I'll have to wait and wait for the the 137 00:08:09,040 --> 00:08:11,520 market makers to to fill this one in. 138 00:08:12,520 --> 00:08:15,400 But that that's been a huge move. 139 00:08:16,560 --> 00:08:20,120 I think the other interesting Poly market line, perhaps we'll 140 00:08:20,120 --> 00:08:22,640 come back to this in a second, is will Trump launch a coin 141 00:08:22,640 --> 00:08:24,920 before the election? And we got some news yesterday 142 00:08:25,400 --> 00:08:28,080 that sent that market into a frenzy before we get there. 143 00:08:28,320 --> 00:08:31,880 Mando on stage with us now. GM how you doing? 144 00:08:32,559 --> 00:08:34,919 Sorry I was late. Great. 145 00:08:35,120 --> 00:08:37,120 How you guys doing? Not bad. 146 00:08:37,120 --> 00:08:39,880 I did my best impression kind of walking us through the market 147 00:08:39,880 --> 00:08:42,360 basically. Curious if you have a read. 148 00:08:42,360 --> 00:08:45,520 My my general take was with majors down 4%, it was largely 149 00:08:45,520 --> 00:08:48,520 following stocks. You know, you talked about the 150 00:08:48,520 --> 00:08:53,520 Google trends and open interest at, you know, yearly plus right 151 00:08:53,880 --> 00:08:55,040 now. Anything else jumping out to you 152 00:08:55,040 --> 00:08:59,200 from a macro perspective? I think the yen carry trade like 153 00:08:59,200 --> 00:09:02,360 we again like the the VOJ was talking about raising rates 154 00:09:02,360 --> 00:09:04,240 again, which got people a little bit scared. 155 00:09:05,440 --> 00:09:08,000 And then obviously the NVIDIA news flash to the stock sell off 156 00:09:08,000 --> 00:09:13,040 are like the major things. I don't know, it feels kind of 157 00:09:13,040 --> 00:09:15,800 like it's felt for a while, you know, like it just feels as 158 00:09:15,800 --> 00:09:18,000 though there's not a lot of activity. 159 00:09:18,320 --> 00:09:21,040 We're kind of trading on the hope of future activity. 160 00:09:21,040 --> 00:09:24,520 Bitcoin is is kind of got the strongest narrative right now. 161 00:09:24,640 --> 00:09:30,200 And but given the talk about the yen carry trade again, I'm 162 00:09:30,200 --> 00:09:31,480 whining. I just think it took a little 163 00:09:31,480 --> 00:09:34,720 bit of a, it went a little bit South and just people being a 164 00:09:34,720 --> 00:09:37,000 bit wary about September. I do think that this sort of 165 00:09:37,000 --> 00:09:39,440 range isn't a terrible range. Like funding has gone negative 166 00:09:39,440 --> 00:09:43,080 again, we've wiped out I think a billion of open interest in that 167 00:09:43,080 --> 00:09:46,440 move lower down to 56 K. We've generally been on this 168 00:09:46,440 --> 00:09:52,840 trend of lower highs and lower lows since kind of February or 169 00:09:52,880 --> 00:09:59,160 March, let's say. But so so I think some people 170 00:09:59,160 --> 00:10:02,640 are thinking that we're going to touch like 48 K this month, like 171 00:10:02,640 --> 00:10:08,520 have a bit of more of a dip and then hopefully we have a very 172 00:10:08,520 --> 00:10:12,000 strong October. So I think the consensus is, is 173 00:10:12,000 --> 00:10:14,640 that we're going to go lower in September and higher in October. 174 00:10:14,920 --> 00:10:21,240 I don't know if that's like, you know, everyone believes that too 175 00:10:21,240 --> 00:10:23,600 much. You know, like sometimes when 176 00:10:23,600 --> 00:10:26,200 it's so consensus about something, it can be dangerous. 177 00:10:26,200 --> 00:10:28,680 I don't know what's the more dangerous thing to be consensus 178 00:10:28,680 --> 00:10:30,400 about that we're going to go lower in September or that we're 179 00:10:30,400 --> 00:10:34,080 going to go higher in October. But but yeah, it definitely 180 00:10:34,080 --> 00:10:36,120 feels like that's the general narrative out there right now. 181 00:10:37,080 --> 00:10:39,440 It does it, it really feels that way. 182 00:10:40,880 --> 00:10:43,840 Stock market going down so much, certainly not helping to kick 183 00:10:43,840 --> 00:10:46,680 start the month. But I feel like there's one rule 184 00:10:46,680 --> 00:10:50,160 in crypto. It's not following the consensus 185 00:10:50,160 --> 00:10:54,960 trades is usually smart. So we, we will certainly see 186 00:10:55,480 --> 00:10:58,320 the, the big headline folks, we kind of got there a little bit. 187 00:10:58,320 --> 00:11:01,640 But will, will Trump launch a coin before the election? 188 00:11:02,040 --> 00:11:07,160 That's up to 38% chance from just 24% the day before. 189 00:11:07,160 --> 00:11:11,440 And that's because a, an eye popping new article came out. 190 00:11:11,800 --> 00:11:15,480 Coindesk broke the news on this one. 191 00:11:15,480 --> 00:11:18,160 So apparently the the Trump family Crypto project. 192 00:11:18,160 --> 00:11:20,400 World Liberty Financial a white paper. 193 00:11:25,320 --> 00:11:28,360 Oh, is he gone? I lost him too. 194 00:11:31,240 --> 00:11:32,320 Classic. He's. 195 00:11:32,320 --> 00:11:33,680 Still, he's still alive in the space. 196 00:11:33,680 --> 00:11:37,120 It's OK, you guys can just keep talking together though while he 197 00:11:37,120 --> 00:11:40,880 joins back. I mean, he comes back 198 00:11:40,880 --> 00:11:42,800 intermittently. I only know what we're going to 199 00:11:42,800 --> 00:11:45,560 do about this, but we're going to get him stalling, get him 200 00:11:45,560 --> 00:11:49,680 stalling. Do you want to? 201 00:11:49,680 --> 00:11:51,160 Does he want to leave him? Come back? 202 00:11:51,280 --> 00:11:56,840 What do you think? Our Defy hack and former pickup 203 00:11:56,840 --> 00:11:58,200 artist. Alright, looks like I'm back. 204 00:11:58,200 --> 00:12:01,400 Apologies folks in the stream for the Internet issues. 205 00:12:01,440 --> 00:12:05,360 I think we are back up now so I'm going to get right into by 206 00:12:05,360 --> 00:12:08,600 the summary of this this Trump crypto project in the new 207 00:12:08,600 --> 00:12:11,680 details. So for starters, the protocol it 208 00:12:11,680 --> 00:12:15,320 looks to be a crypto borrowing and lending service similar to 209 00:12:15,320 --> 00:12:20,800 doe finance and will include a token WLFI it's built on 210 00:12:20,800 --> 00:12:23,800 Ethereum and it's D5 platform Ave. 211 00:12:24,240 --> 00:12:27,280 The project looks to include a credit account system, while 212 00:12:27,280 --> 00:12:30,760 other aspects of the white paper describe it more as a crypto 213 00:12:30,760 --> 00:12:33,000 brokerage service. But here are some of the more 214 00:12:33,000 --> 00:12:36,080 interesting details. So it's built by four team 215 00:12:36,080 --> 00:12:38,400 members from DOE Finance, which was recently hacked for 216 00:12:38,400 --> 00:12:42,360 $2,000,000. Early GitHub shows Co directly 217 00:12:42,360 --> 00:12:46,880 lifted from Doe Finance. Baron Trump identified as the 218 00:12:46,880 --> 00:12:50,920 project's Defy visionary. 18 year old Baron Trump, Eric Trump 219 00:12:50,920 --> 00:12:53,400 and Donald Trump Junior are listed as Web 3 ambassadors. 220 00:12:53,440 --> 00:12:56,560 An LLC for the product is registered to Zachary Folkman, 221 00:12:56,760 --> 00:12:58,840 who is the head of operations for the product. 222 00:12:59,160 --> 00:13:01,480 He's also the Co creator of Subify which is a censorship 223 00:13:01,480 --> 00:13:04,440 free competitor to Patreon and Only Fans. 224 00:13:05,160 --> 00:13:08,400 And then on the token news, it does include a non transferable 225 00:13:08,400 --> 00:13:11,680 governance token, WLFI. And interestingly for those 226 00:13:11,680 --> 00:13:14,680 who've been following Gabriel Shapiro, Gabriel Shapiro's law 227 00:13:14,680 --> 00:13:19,840 firm Metal X Pro is on board as legal counsel and also receiving 228 00:13:19,840 --> 00:13:28,280 1.3% of the WLFI tokens. So quite, quite the article 229 00:13:28,440 --> 00:13:31,680 Bombshell from Coindesk, I'd say. 230 00:13:32,560 --> 00:13:34,920 Logan, maybe I'll I'll toss it to to you first. 231 00:13:34,920 --> 00:13:36,840 What, what's the wildest part of the story? 232 00:13:36,840 --> 00:13:39,920 Like what? How are you feeling now? 233 00:13:39,920 --> 00:13:43,840 We've had a day to digest this. Oh man, the wildest part, I 234 00:13:43,840 --> 00:13:46,800 don't even know. You know, we had talked time and 235 00:13:46,800 --> 00:13:50,920 time again about if it made sense for Trump family to be 236 00:13:50,920 --> 00:13:56,040 rushing out some sort of crypto project having, you know, all 237 00:13:56,040 --> 00:13:58,920 those rumors, the scandals with the meme coins before. 238 00:14:00,520 --> 00:14:03,440 So while this part might just be the, you know, the collaborators 239 00:14:03,440 --> 00:14:09,400 here, you know, a team that just had a a source code hack or, you 240 00:14:09,400 --> 00:14:16,080 know, a hack from Dell finance. I mean, given the the, what 241 00:14:16,080 --> 00:14:19,240 they're capable of attaching themselves to the connections 242 00:14:19,240 --> 00:14:23,200 that this, you know, family has, you would think if they were 243 00:14:23,200 --> 00:14:26,160 going to run something out here, they would do the utmost due 244 00:14:26,160 --> 00:14:29,360 diligence to, you know, run out something very highly reputable, 245 00:14:29,360 --> 00:14:32,280 high quality and and no knock it, no finance. 246 00:14:32,280 --> 00:14:34,600 I don't know a whole lot about the hacker or anything, but 247 00:14:35,400 --> 00:14:37,400 seems like maybe they haven't done that here. 248 00:14:37,440 --> 00:14:40,080 And perhaps that's not surprising, but that seems like 249 00:14:40,080 --> 00:14:42,680 the, you know, just the most wild part to me. 250 00:14:42,680 --> 00:14:45,600 Aside from if you scroll to the very top here, there's a an 251 00:14:45,960 --> 00:14:49,520 interesting tidbit in the lead about the one also founded date 252 00:14:49,520 --> 00:14:52,400 Hotter Girls LLC. Maybe that's the most surprising 253 00:14:52,480 --> 00:14:54,680 as well. Indeed. 254 00:14:54,680 --> 00:14:56,720 Mando, curious if you had any reactions to this one. 255 00:14:56,720 --> 00:14:59,000 Were were or were you familiar with dough finance? 256 00:14:59,000 --> 00:15:01,680 I was not super familiar with that protocol. 257 00:15:01,920 --> 00:15:03,320 Not really, right? I'd never heard of it. 258 00:15:05,640 --> 00:15:07,960 I don't know. Sounds like a standard Web Three 259 00:15:07,960 --> 00:15:09,560 team coming together if you ask me. 260 00:15:12,400 --> 00:15:14,240 Go finance and date hotter girls. 261 00:15:14,240 --> 00:15:18,440 LC just kind of feels that feels like Web 3 written all over it. 262 00:15:19,320 --> 00:15:22,920 I think people have big expectations, or maybe they 263 00:15:22,920 --> 00:15:25,440 don't, I don't even know. But I don't think this is going 264 00:15:25,440 --> 00:15:27,880 to be like a world beta. It feels like it's going to be 265 00:15:27,880 --> 00:15:31,200 some form of Defy borrowing lending platform. 266 00:15:31,720 --> 00:15:35,440 I'd heard initially that it was to do with the property that 267 00:15:35,440 --> 00:15:40,280 they have in the, you know, the Trump real estate empire, let's 268 00:15:40,280 --> 00:15:42,800 say. So it will be linked back to 269 00:15:42,800 --> 00:15:47,160 that in some way. But yeah, I, I think this is 270 00:15:47,160 --> 00:15:48,520 more for show more than anything. 271 00:15:48,520 --> 00:15:51,000 I don't think it's going to be, I don't think this is going to 272 00:15:51,000 --> 00:15:54,160 be anything crazy. I don't think it was. 273 00:15:55,000 --> 00:15:57,240 The way I think it will come from one of the family. 274 00:15:58,800 --> 00:16:00,400 Yeah, I don't think it's going to come from Donald Trump. 275 00:16:00,400 --> 00:16:02,760 So that's what makes this bet so interesting. 276 00:16:02,760 --> 00:16:06,120 It says will Trump launch a coin before the election? 277 00:16:06,640 --> 00:16:13,440 It that this the odd shot up from 24% all the way to 6067% 278 00:16:13,440 --> 00:16:19,240 yesterday, settling now back at 40 that the terms on this one 279 00:16:19,800 --> 00:16:22,360 will resolve the yes if conclusive defeated evidence of 280 00:16:22,360 --> 00:16:24,720 murders that Donald Trump was involved in the deployment of a 281 00:16:24,720 --> 00:16:29,880 new token by November 4th. I mean he's involved in in world 282 00:16:29,880 --> 00:16:33,360 Liberty 5. So I I believe that if World 283 00:16:33,360 --> 00:16:36,480 Liberty 5 launches a token before November 4th, this 284 00:16:36,480 --> 00:16:39,920 resolves to Yes. So what? 285 00:16:39,920 --> 00:16:41,600 What are our thoughts? You think they're going to 286 00:16:41,600 --> 00:16:43,480 launch this thing? Yeah, I think so. 287 00:16:43,480 --> 00:16:46,440 The election. I think so. 288 00:16:46,440 --> 00:16:47,480 I thought they were going to do it. 289 00:16:47,480 --> 00:16:50,000 I, I, I. That was my guess. 290 00:16:50,600 --> 00:16:52,320 I don't know why they'd do it after the election. 291 00:16:54,320 --> 00:16:56,360 Logan, what are your thoughts? Are you ready to go long on this 292 00:16:56,360 --> 00:16:56,880 one? Sorry, man. 293 00:16:56,880 --> 00:16:59,000 Wow. Right, They'd said, they'd said 294 00:16:59,000 --> 00:17:00,080 when the other meme Quinn happened. 295 00:17:00,080 --> 00:17:03,080 Like it's coming. Like were they going to wait 296 00:17:03,080 --> 00:17:08,440 till November maybe? It's are they doing the classic 297 00:17:08,440 --> 00:17:12,240 like hype machine run up or or are they away? 298 00:17:12,240 --> 00:17:14,960 But the reality is attention is at its peak right now. 299 00:17:16,200 --> 00:17:17,480 I just, I feel like it's such a risk. 300 00:17:17,480 --> 00:17:19,200 It's a risk that they could easily avoid. 301 00:17:20,040 --> 00:17:24,680 Like the the downside up outweighs the upside. 302 00:17:24,680 --> 00:17:27,599 I guess the only upside is that what how profitable this would 303 00:17:27,599 --> 00:17:30,560 be for the Trump family, right? You think they're able to do it 304 00:17:30,560 --> 00:17:32,680 after the election though? Let's say he wins, will it not 305 00:17:32,680 --> 00:17:34,160 be seen as profiting from the election? 306 00:17:34,160 --> 00:17:36,320 Maybe he's not even able to do this after the election. 307 00:17:36,320 --> 00:17:38,400 Remember, most of them are able to have to give up all 308 00:17:38,400 --> 00:17:41,520 commercial rights after after they become president. 309 00:17:46,360 --> 00:17:47,200 That's interesting thought about. 310 00:17:48,240 --> 00:17:52,560 Yeah. And and if he loses, then 311 00:17:52,560 --> 00:17:54,520 there's probably no opportunity there anyway. 312 00:17:54,680 --> 00:17:56,120 I think now is maybe the only type to do it. 313 00:17:58,360 --> 00:17:59,840 Yeah, now you're, you're convincing me. 314 00:18:00,880 --> 00:18:04,440 What's the? And go to the yes side of this a 315 00:18:04,440 --> 00:18:08,480 million. Dollars involvement Tyler here I 316 00:18:08,600 --> 00:18:11,400 mean, obviously Donald Trump junior Eric Trump Web 3 317 00:18:11,400 --> 00:18:16,240 ambassadors direct evidence emerges that Donald Trump was 318 00:18:16,240 --> 00:18:21,760 involved in the deployment is him endorsing is that I mean, I 319 00:18:21,760 --> 00:18:24,480 feel like this is one that there could be dispute on on both 320 00:18:24,480 --> 00:18:27,840 sides semantic arguments as to whether or not this is a yes or 321 00:18:27,840 --> 00:18:30,520 no because I I could make you know, I can see the argument 322 00:18:30,520 --> 00:18:32,760 being made for betting no here as well. 323 00:18:33,680 --> 00:18:37,080 Yeah, I think that that's the challenge with this one is the 324 00:18:37,080 --> 00:18:40,200 potential dispute and and what does involved in the deployment 325 00:18:40,280 --> 00:18:42,040 actually mean. I, I'm actually surprised 326 00:18:42,040 --> 00:18:44,560 there's not more context in this one. 327 00:18:44,560 --> 00:18:45,800 I'll be curious if that gets added. 328 00:18:45,800 --> 00:18:49,680 That's going to be something to watch not pretty closely if you 329 00:18:49,680 --> 00:18:53,000 are in this this bet. But so I mean Baron Trump is 330 00:18:53,000 --> 00:18:57,280 listed as the D5 visionary. He's probably not the dev, you 331 00:18:57,320 --> 00:18:58,640 know, actually deploying the token. 332 00:18:59,040 --> 00:19:01,640 So like would would you think this resolves to yes for him? 333 00:19:01,720 --> 00:19:05,080 Like if this was a Will Baron Trump launcher, that would. 334 00:19:06,280 --> 00:19:08,560 Be insane. No, I think. 335 00:19:09,160 --> 00:19:11,160 I think it'd be different. I think it'd be higher to yes. 336 00:19:11,160 --> 00:19:14,960 I mean, given that his name is literally stamped on the project 337 00:19:15,440 --> 00:19:19,240 as whatever you said, it was ambassador, right, Defy 338 00:19:19,240 --> 00:19:23,080 ambassador that feels more connected to the launch of the 339 00:19:23,080 --> 00:19:25,640 token. I don't know. 340 00:19:25,640 --> 00:19:27,440 I mean it it's interesting. Like I said, I think there's, 341 00:19:27,440 --> 00:19:31,880 there's a semantic argument to be made on either side, but I, I 342 00:19:32,200 --> 00:19:36,160 right now I would be leaning vote betting no here. 343 00:19:36,240 --> 00:19:39,920 Like I, I think there's a pretty strong, you know, fight you 344 00:19:39,920 --> 00:19:43,320 could in case you could build for Trump himself not having 345 00:19:43,320 --> 00:19:45,680 anything to do with the deployment of the token. 346 00:19:46,480 --> 00:19:49,960 That's what I would say, yeah. Like, I don't think he's going 347 00:19:49,960 --> 00:19:54,880 to be involved. I don't know why Trump would get 348 00:19:54,880 --> 00:19:57,120 himself involved in this basically, but I can see the 349 00:19:57,120 --> 00:20:00,320 family. So I'm sharing him in the screen 350 00:20:00,320 --> 00:20:02,960 now for those following along, he does have an official title 351 00:20:03,200 --> 00:20:07,040 in the project Chief Crypto Advocate, so he is listed. 352 00:20:07,800 --> 00:20:10,320 OK. So that's an important detail. 353 00:20:11,080 --> 00:20:14,760 Yeah, that is he just. He just tied to this, he's he's 354 00:20:15,400 --> 00:20:19,160 the chief crypto advocate for the for the project. 355 00:20:19,440 --> 00:20:22,800 So I don't know, there's certainly some Gray area on this 356 00:20:22,800 --> 00:20:24,800 one. What's the compelling? 357 00:20:24,800 --> 00:20:27,560 I mean, so that's indicated there. 358 00:20:27,560 --> 00:20:30,640 I mean is that it says you need compelling evidence. 359 00:20:31,080 --> 00:20:34,680 Conclusive, definitive evidence emerges that Donald Trump was 360 00:20:34,680 --> 00:20:37,960 involved in the deployment of the token is just, you know, 361 00:20:37,960 --> 00:20:42,640 listed with some random ass, whatever title that is that 362 00:20:43,160 --> 00:20:47,240 conclusive, definitive evidence. The spirit of his bet is, is 363 00:20:47,240 --> 00:20:50,760 will Donald Trump be tied to a cryptocurrency that launches 364 00:20:50,760 --> 00:20:53,160 before the election, right. Or that that is the spirit of 365 00:20:53,160 --> 00:20:54,600 this bet. I agree. 366 00:20:54,640 --> 00:20:58,720 Yeah, I agree. He's listed as a on the project 367 00:20:58,720 --> 00:21:00,640 page for this and he's been tweeting about it. 368 00:21:00,640 --> 00:21:03,200 So it's not like some random project is just listing him. 369 00:21:03,600 --> 00:21:05,880 So he has been endorsing it. So I don't know, I think it's 370 00:21:05,880 --> 00:21:09,000 pretty clear he is tied to this. So to me, the bet is, do you 371 00:21:09,000 --> 00:21:12,120 think it's going to actually launch in the next two months? 372 00:21:12,120 --> 00:21:15,680 I don't know. It seems like there is a good 373 00:21:15,680 --> 00:21:20,720 chance it will certainly is going to be a fun one to follow. 374 00:21:21,080 --> 00:21:23,680 And just other quick prediction market news. 375 00:21:23,680 --> 00:21:27,760 So blast predict that fund did officially launch and it missed 376 00:21:27,760 --> 00:21:29,560 yesterday's cut off date. I want to say I believe it went 377 00:21:29,560 --> 00:21:33,080 live this morning, just a handful of markets. 378 00:21:33,080 --> 00:21:34,920 So they've got the presidential election winner. 379 00:21:34,920 --> 00:21:39,360 It's got 200,000 in volume popular vote with just 1700. 380 00:21:39,360 --> 00:21:42,480 I'm saying will Kamala Harris drop out of the presidential 381 00:21:42,480 --> 00:21:45,440 race for some reason? Is the number three bet here. 382 00:21:45,800 --> 00:21:49,160 Will Bitcoin reach 63 K will still reach a certain price 383 00:21:49,160 --> 00:21:50,600 targets? And then what's the highest 384 00:21:50,600 --> 00:21:52,800 price E? So they've got bets on the three 385 00:21:52,800 --> 00:21:57,680 crypto major price action with some pretty limited volume and 386 00:21:57,680 --> 00:21:59,320 then the primary election markets. 387 00:22:01,240 --> 00:22:03,360 I've got some thoughts, Logie, I'll talk to you. 388 00:22:03,360 --> 00:22:06,560 Any any 2 early reactions here to the predict up on launch? 389 00:22:07,280 --> 00:22:10,600 Boring. That's when I loaded this board. 390 00:22:10,600 --> 00:22:12,840 That's what I thought I said on the show yesterday. 391 00:22:13,520 --> 00:22:15,560 I was eager to see which markets it came out with. 392 00:22:15,560 --> 00:22:18,240 If it just kind of cut and paste the markets that were available 393 00:22:18,240 --> 00:22:22,160 on Poly market. I understand to a degree why, 394 00:22:22,200 --> 00:22:23,680 you know, some of those need to be there. 395 00:22:23,680 --> 00:22:27,920 They're kind of prerequisites for being live, but there's 396 00:22:27,920 --> 00:22:29,400 nothing, there's nothing really here. 397 00:22:29,960 --> 00:22:32,840 Plus we also discussed, you know, VPN requirements, yes or 398 00:22:32,840 --> 00:22:35,760 no, you know, those still exist. So some of those barriers to 399 00:22:35,800 --> 00:22:39,680 entry still present. Again, I understand them, but 400 00:22:39,680 --> 00:22:42,480 it's just something that, you know, could have improved 401 00:22:42,920 --> 00:22:45,280 potential onboarding and bringing more users. 402 00:22:45,480 --> 00:22:50,200 Of course, I don't know, man, I'm, I'm not, I'm not overly 403 00:22:50,200 --> 00:22:51,800 curious or excited at this point in time. 404 00:22:51,800 --> 00:22:54,480 I'm not going to be shifting my action from Polymarket to 405 00:22:54,480 --> 00:22:57,120 predict just based on those markets that are present. 406 00:22:57,880 --> 00:23:00,880 You know, right now, as it stands in the 1st 12 hours, I'm 407 00:23:00,880 --> 00:23:05,360 not ready to write it off. But not, you know, not hopping 408 00:23:05,360 --> 00:23:07,600 over just, you know, right out of the gate. 409 00:23:09,240 --> 00:23:11,560 Yeah, I'm not sure if if I can't see everything because I'm not 410 00:23:11,560 --> 00:23:15,160 logged in currently, but I'm not seeing any order books. 411 00:23:15,600 --> 00:23:19,080 So I, I don't even see like how deep this will Kamala Harris 412 00:23:19,080 --> 00:23:23,720 drop out of the presidential race market is got $10,000 bet 413 00:23:23,720 --> 00:23:27,400 on it making it the number two or three bet on their platform 414 00:23:27,400 --> 00:23:29,560 right now. I guess this is where the native 415 00:23:29,560 --> 00:23:32,360 yield comes in. It's like if you can get this at 416 00:23:33,080 --> 00:23:38,720 97%, no, you get 3% yield assuming she doesn't drop out 417 00:23:38,920 --> 00:23:42,560 plus the native yield on. So I guess that perhaps is the 418 00:23:42,560 --> 00:23:43,880 upside. I don't know. 419 00:23:43,880 --> 00:23:47,000 In general, I think if you're going to come out the new 420 00:23:47,000 --> 00:23:49,760 prediction market, you got to have some fun differentiating 421 00:23:49,760 --> 00:23:53,880 features or throw out fun, you got to have some differentiating 422 00:23:53,880 --> 00:23:57,880 features from polymarket and just kind of come, this feels 423 00:23:57,880 --> 00:24:02,280 just like here's the, here's some big polymarket lines and we 424 00:24:02,280 --> 00:24:05,000 can, we, we're going to slap our native yield and some blasts on 425 00:24:05,000 --> 00:24:06,720 top of it. So I don't know, I was a little 426 00:24:06,720 --> 00:24:11,320 underwhelmed by the launch, if I'm being totally honest, but we 427 00:24:11,320 --> 00:24:14,600 will see. It's early, only a handful of 428 00:24:14,600 --> 00:24:18,760 bets on the platform, but are you bridging a blast? 429 00:24:18,840 --> 00:24:21,280 Are you itching to after the show, you know, start start 430 00:24:21,280 --> 00:24:26,040 sending some USDC over to get into this market or you going to 431 00:24:26,040 --> 00:24:28,560 wait see? I feel like I'm not seeing this 432 00:24:28,560 --> 00:24:32,280 is not make me want to fire up, you know, some bridge and get 433 00:24:32,280 --> 00:24:37,360 money on this platform. Yeah, I'm with you. 434 00:24:39,040 --> 00:24:42,680 I I also, I just, I happen to have a, a tab up on a different 435 00:24:42,680 --> 00:24:47,600 computer with a VPN and I can see the order book depth once 436 00:24:47,600 --> 00:24:51,320 you're I have to go through the onboarding to get back to it. 437 00:24:51,320 --> 00:24:53,440 So I don't know what it is at this point in time. 438 00:24:53,440 --> 00:24:55,640 Just a couple steps I'd still need to do, but yeah, I could 439 00:24:55,640 --> 00:24:59,920 see it out of just small SO. We'll certainly see that. 440 00:24:59,920 --> 00:25:03,560 That was a piece of news. So actually quite a busy day in 441 00:25:03,560 --> 00:25:07,040 protocol news yesterday. I'll go around the horn on some 442 00:25:07,040 --> 00:25:09,040 of these. So Blast announced the mobile 443 00:25:09,040 --> 00:25:13,360 Big Bang competition, $250,000 in funding, one-on-one office 444 00:25:13,360 --> 00:25:17,320 hours with Pac-Man himself, access to investors and then one 445 00:25:17,320 --> 00:25:20,880 million Blast gold per team winner. 446 00:25:20,880 --> 00:25:24,240 In that boot camp we saw abstract founder Lukanetz. 447 00:25:24,280 --> 00:25:27,040 He shared his thoughts on consumer crypto, what it will 448 00:25:27,040 --> 00:25:30,120 take to reach the masses. In a recent blog post, Arbitrum 449 00:25:30,120 --> 00:25:33,400 introduced Stylus, which I want to say is is a kind of a new 450 00:25:33,400 --> 00:25:36,720 interoperable coding environment for any languages to be compiled 451 00:25:36,720 --> 00:25:39,560 down to WASM. Avalanche announced. 452 00:25:39,720 --> 00:25:43,200 Avalanche announced a new major upgrade to Avalanche 9000 453 00:25:43,360 --> 00:25:46,760 unlocking and I'm quoting here, an expansive world of purpose 454 00:25:46,760 --> 00:25:49,400 built block chains making it more economical and easier to 455 00:25:49,400 --> 00:25:51,520 customize building on top of Avalanche. 456 00:25:51,880 --> 00:25:55,160 And then Samsung announced support for Startal in its 457 00:25:55,160 --> 00:25:57,960 mission to make web three more accessible globally along with 458 00:25:57,960 --> 00:26:01,880 participation in Sony's Sonium Spark incubation program. 459 00:26:01,880 --> 00:26:05,840 So now Samsung and Sony both throwing their hats into the Web 460 00:26:05,840 --> 00:26:09,360 3 ring pretty deeply. Logie, I know you were following 461 00:26:09,360 --> 00:26:11,680 some of these stories. What jumps out to you here from 462 00:26:11,680 --> 00:26:16,840 that that quick list? The Avalanche stuff, you know, 463 00:26:17,120 --> 00:26:21,000 previously not super involved with things on Avalanche. 464 00:26:21,000 --> 00:26:24,720 You know, did a little bit of the the wolf game on Avalanche 465 00:26:24,720 --> 00:26:27,400 if you remember that. The Defy Kingdom stuff on 466 00:26:27,400 --> 00:26:30,280 Avalanche for a brief period of time at the arena, small things 467 00:26:30,280 --> 00:26:32,920 like that, right? But you know, by and large 468 00:26:32,920 --> 00:26:36,920 haven't been a super active AVAX user, never really owned any of 469 00:26:36,920 --> 00:26:40,640 the coins outside of some use for those particular use cases. 470 00:26:41,240 --> 00:26:44,280 But the stuff that keeps coming out is intriguing. 471 00:26:44,280 --> 00:26:47,360 You remember the California DMV news from a few weeks ago? 472 00:26:47,680 --> 00:26:50,360 There's the ticket news with the protocols. 473 00:26:50,360 --> 00:26:52,600 I mean, they've, they've done an excellent job, it seems that 474 00:26:53,000 --> 00:26:55,480 materializing real world partnerships. 475 00:26:56,480 --> 00:27:01,000 And I'm not the technical person to answer for why Avalanche 9000 476 00:27:01,000 --> 00:27:06,120 is, is such a massive upgrade, you know, but it just, it 477 00:27:06,160 --> 00:27:10,240 creates more opportunity for these big institutions, if you 478 00:27:10,240 --> 00:27:12,680 want to call them institutions to continue to build on 479 00:27:12,680 --> 00:27:15,720 Avalanche. And as I was reading through 480 00:27:15,720 --> 00:27:17,640 that, I sent a quote to you this morning as well. 481 00:27:18,560 --> 00:27:21,000 You know, at the bottom of the blog, it's not indicated exactly 482 00:27:21,000 --> 00:27:24,160 what the rewards will be, but we spent a lot of time talking 483 00:27:24,160 --> 00:27:27,240 about L twos fighting for developers and rewarding them. 484 00:27:27,360 --> 00:27:30,240 Avalanche has already indicated that it's going to be rewarding 485 00:27:30,280 --> 00:27:34,000 early test net developers for Avalanche 9000, and I don't know 486 00:27:34,000 --> 00:27:35,240 what that means. I don't know what that 487 00:27:35,240 --> 00:27:41,160 materializes as, but just a lot of like little things stacking 488 00:27:41,160 --> 00:27:42,360 up. This was an exciting thing for 489 00:27:42,360 --> 00:27:44,720 me. I like actually considered, you 490 00:27:44,720 --> 00:27:48,240 know, creating a small AVAX dollar cost average, you know, 491 00:27:48,240 --> 00:27:51,400 by recurring by yesterday. I did not actually go through 492 00:27:51,400 --> 00:27:56,080 it, but it's intriguing to me. You know, a lot, a lot of stuff 493 00:27:56,080 --> 00:27:59,440 seems to be happening there. I just don't know enough about 494 00:27:59,440 --> 00:28:02,240 the participation, which, you know, I haven't, I just haven't 495 00:28:02,240 --> 00:28:07,120 done too much of. Look, AVAX is, I mean, it's, 496 00:28:07,120 --> 00:28:09,920 it's an interesting potential trader here, right? 497 00:28:10,000 --> 00:28:13,680 It's a leading L1. They've got a lot going on, 498 00:28:13,680 --> 00:28:16,360 clearly trying to build some momentum. 499 00:28:17,120 --> 00:28:19,720 They've they've dabbled in social five. 500 00:28:19,720 --> 00:28:22,720 They had a bit of a meme coin ecosystem and their TS never 501 00:28:22,720 --> 00:28:25,960 really took off. We saw that the token kind of 502 00:28:25,960 --> 00:28:28,920 trade as a soul beta. I want to say when Solana ran to 503 00:28:28,920 --> 00:28:33,080 about 2:40, that's roughly when AVAX made its big run, up to 504 00:28:33,080 --> 00:28:40,680 60s, now back down 67% to 21, now up just about 100% on the 505 00:28:40,720 --> 00:28:44,160 year. Is this an interesting comeback 506 00:28:44,160 --> 00:28:48,760 trade? If L1's do indeed comeback, it's 507 00:28:48,760 --> 00:28:54,160 one to have on the list. And then we've got Luca coming 508 00:28:54,160 --> 00:28:57,600 after the L2 market with Abstract. 509 00:28:57,880 --> 00:28:59,800 He went through the blog. It's a 10 minute read. 510 00:29:00,280 --> 00:29:03,680 I won't go into it in detail. I thought this was interesting 511 00:29:03,680 --> 00:29:06,720 as it just shed a little bit more light of how he's thinking 512 00:29:07,240 --> 00:29:11,160 about consumer crypto, which is now a big buzzword or just about 513 00:29:11,240 --> 00:29:13,400 reaching retail and his plans for abstract. 514 00:29:14,520 --> 00:29:19,120 And he does go into, you know, a little bit more detail, at least 515 00:29:19,120 --> 00:29:21,280 a high level road map of how they plan to accomplish it. 516 00:29:21,600 --> 00:29:25,560 First going after discretionary spending for users such as 517 00:29:25,560 --> 00:29:27,960 gaming, social five, that type of thing. 518 00:29:27,960 --> 00:29:31,400 Then getting into necessary aspects like payments and then 519 00:29:31,400 --> 00:29:35,920 getting into essentials. And as you go through this, he 520 00:29:35,920 --> 00:29:40,480 kind of talks about how he, he feels like a lot of where 521 00:29:40,520 --> 00:29:44,600 previous teams builders have perhaps fallen down is by going 522 00:29:44,600 --> 00:29:48,480 through the opposite approach, kind of going with starting with 523 00:29:48,480 --> 00:29:51,760 payments, going into D5 and trying to build consumer apps 524 00:29:51,760 --> 00:29:53,040 last. He's trying to flip the script 525 00:29:53,040 --> 00:29:57,280 and go the opposite way as that is the the vision He's calling, 526 00:29:57,840 --> 00:30:00,440 you know, this core idea, building a digital Disneyland 527 00:30:01,240 --> 00:30:04,800 around that discretionary spending circle here of the the 528 00:30:04,800 --> 00:30:08,160 pie and then expanding out from there. 529 00:30:08,800 --> 00:30:13,440 And then he he lays out how he sees abstract pulling that off. 530 00:30:14,720 --> 00:30:17,440 So Logie, I'll throw this back. You're not not sure if you read 531 00:30:17,560 --> 00:30:20,720 through this. It was a little lengthy, but I 532 00:30:20,720 --> 00:30:25,040 thought it was a good read. Any reactions to this one? 533 00:30:25,040 --> 00:30:27,920 I feel like it did kind of peel back at least one layer of the 534 00:30:27,920 --> 00:30:29,760 abstract onion and what he's got planned. 535 00:30:30,240 --> 00:30:32,240 Don't want to put words in your mouth, but curious if you had a 536 00:30:32,240 --> 00:30:35,080 reaction to this one. Yeah, I didn't read through 537 00:30:35,080 --> 00:30:41,360 this, but I I, I'm fully on board with that unpeeling of the 538 00:30:41,360 --> 00:30:43,880 onion, at least in that order. You know, I think with the 539 00:30:43,880 --> 00:30:49,320 participants that are here leading with things like gaming, 540 00:30:49,400 --> 00:30:51,160 you know, I think he had gambling, right? 541 00:30:51,160 --> 00:30:55,520 Those types of things as you're kind of first step, create a 542 00:30:55,520 --> 00:30:58,760 foundation blockchain where people are actually using it. 543 00:30:58,760 --> 00:31:01,960 There's actually users there, there's money flowing there. 544 00:31:02,120 --> 00:31:05,520 That makes a ton of sense to me, at least in terms of the active 545 00:31:05,520 --> 00:31:08,680 participants. You know, just the, the big, big 546 00:31:08,680 --> 00:31:11,240 money is in those other things, right? 547 00:31:11,240 --> 00:31:13,760 Those the payments, the D5 type stuff. 548 00:31:13,760 --> 00:31:17,280 I think it's just going to be really difficult to get there. 549 00:31:18,240 --> 00:31:20,360 I, you know, I, I applaud this approach. 550 00:31:21,040 --> 00:31:23,600 I think this is really great, particularly for an active Web 3 551 00:31:23,600 --> 00:31:26,320 user, like for, for somebody who's just on the ground that, 552 00:31:26,760 --> 00:31:29,800 you know, isn't the big institutional online bank or 553 00:31:29,800 --> 00:31:31,880 whatever, right? This sounds great. 554 00:31:31,880 --> 00:31:33,200 They're going to be focusing on me. 555 00:31:33,200 --> 00:31:35,680 They're going to be, you know, creating incentives for me as a 556 00:31:35,680 --> 00:31:36,840 user. That's awesome. 557 00:31:36,840 --> 00:31:41,240 I'm excited about that. Still just don't know what those 558 00:31:41,240 --> 00:31:44,960 games, what those, you know, different applications on this 559 00:31:44,960 --> 00:31:47,280 chain are going to be. And if they're going to be 560 00:31:47,280 --> 00:31:51,120 enough to pull me, you know, away from be already 561 00:31:51,120 --> 00:31:53,240 established. You know, it's, it's the same 562 00:31:53,240 --> 00:31:55,280 issue we've had with pie market versus predict. 563 00:31:55,280 --> 00:31:58,840 Like is there going to be enough incentive for me to come to 564 00:31:58,840 --> 00:32:00,680 abstract? Is the app going to be good 565 00:32:00,680 --> 00:32:03,160 enough for me to come to abstract when I can just do it 566 00:32:03,520 --> 00:32:05,880 elsewhere? Yeah. 567 00:32:06,440 --> 00:32:07,880 But that's the billion dollar question. 568 00:32:08,360 --> 00:32:09,400 Yeah, go ahead, Amanda. Sorry. 569 00:32:09,840 --> 00:32:13,280 Yeah, I I agree with that. I feel like it was even when we 570 00:32:13,280 --> 00:32:15,960 talked about AVAX just then I, I quickly brought up token to and 571 00:32:15,960 --> 00:32:19,000 we'll see like how many fees AVAX makes. 572 00:32:19,200 --> 00:32:20,920 And it's not even in like the top. 573 00:32:21,320 --> 00:32:23,040 It's not even on the graph. You know what I mean? 574 00:32:25,640 --> 00:32:28,080 I think a lot of block chains are having this sort of issue. 575 00:32:28,080 --> 00:32:32,440 Like they understand what they maybe need to go after and they 576 00:32:32,480 --> 00:32:35,480 they have like buzzwords for like the broad things that they 577 00:32:35,480 --> 00:32:40,200 need to go after, like deep in gaming memes, let's say. 578 00:32:40,200 --> 00:32:44,600 But like that just identifying them isn't the right thing. 579 00:32:44,600 --> 00:32:47,400 And you also have to, as we've said, like crypto feels 580 00:32:47,400 --> 00:32:51,440 increasingly PvP. It's like to get people in is 581 00:32:51,440 --> 00:32:55,560 difficult. I don't know what takes current 582 00:32:55,560 --> 00:33:02,840 crypto users to a new chain other than a much cleaner UIUX 583 00:33:02,840 --> 00:33:05,240 sort of experience. I feel like you have that with 584 00:33:05,240 --> 00:33:10,800 Solana, like with Phantom and just with the way that it's 585 00:33:10,800 --> 00:33:14,000 built with the various different Daps, like it's a very clean 586 00:33:14,000 --> 00:33:17,000 sort of experience. I think it's going to, it's 587 00:33:17,000 --> 00:33:21,120 going to take a lot to like drag people to a new L2. 588 00:33:22,480 --> 00:33:25,640 That's just, that's just my gut. Now there may be other things 589 00:33:25,800 --> 00:33:28,640 like it feels as though some people are looking to like on 590 00:33:28,640 --> 00:33:34,440 board SVM as well as EVM. At the same time, I I think 591 00:33:34,440 --> 00:33:39,560 consumer crypto has found a home kind of in Solana just in terms 592 00:33:39,560 --> 00:33:44,080 of UIUX and maybe on Ethel one for like D5 stuff or yeah, 593 00:33:44,080 --> 00:33:50,080 L2L2's for like purely for lot maybe larger D5 plays or when 594 00:33:50,080 --> 00:33:52,680 you want to play with maybe more security. 595 00:33:52,680 --> 00:33:56,280 But for some of these sort of consumer crypto apps, they 596 00:33:56,360 --> 00:34:01,640 haven't necessarily on boarded tons of people on ease, have 597 00:34:01,640 --> 00:34:01,880 they? Sure. 598 00:34:02,560 --> 00:34:04,680 I would agree. And you got to. 599 00:34:04,760 --> 00:34:06,280 You have to be able to do more than. 600 00:34:06,880 --> 00:34:09,440 It feels like a good read. He's got, he's definitely got a 601 00:34:09,440 --> 00:34:13,800 scope of what you need to do. But I I don't know. 602 00:34:15,760 --> 00:34:17,520 It's not an easy vision to pull up. 603 00:34:17,560 --> 00:34:20,000 Let's say that just real quick. I'll come back to your thoughts 604 00:34:20,000 --> 00:34:22,080 in a second. Logan, I want to remind our 605 00:34:22,080 --> 00:34:25,480 listeners we are going to go with those robot Spence here in 606 00:34:25,480 --> 00:34:26,920 about 10 minutes. It's a new process. 607 00:34:26,920 --> 00:34:29,600 If you haven't already, if you join us mid show, go to raffle 608 00:34:29,600 --> 00:34:33,040 bot dot XYZ, sign in with your X credentials and enter today's 609 00:34:33,040 --> 00:34:35,960 code. That code is Rollbet 45 Logan. 610 00:34:35,960 --> 00:34:37,920 Back to you for some last thoughts before we move on here. 611 00:34:38,199 --> 00:34:39,679 Yeah. I was just going to say, I mean, 612 00:34:39,679 --> 00:34:43,520 the, the small periods of time where we have seen users and you 613 00:34:43,520 --> 00:34:47,080 know, it's not a huge quantity of users, but users flock to a 614 00:34:47,080 --> 00:34:50,800 new blockchain has been with viral apps think friend tech 615 00:34:50,800 --> 00:34:54,480 think you want to call fancy top and put that on that category 616 00:34:54,800 --> 00:34:56,920 and be a top shot, right? I, I think that's right. 617 00:34:56,920 --> 00:34:59,840 I think PAC man's comments yesterday about for the mobile 618 00:34:59,840 --> 00:35:03,720 Big Bang, like virality in a mobile app will potentially 619 00:35:03,720 --> 00:35:05,840 bring people there, but you have to be able to do it in more than 620 00:35:05,840 --> 00:35:09,000 one app if you want the blockchain to succeed, right? 621 00:35:09,000 --> 00:35:11,880 The entire blockchain. I mean, this is a huge ecosystem 622 00:35:11,880 --> 00:35:14,960 that Luca is trying to build ambitious plans. 623 00:35:14,960 --> 00:35:17,240 Hats off to them for doing so, But it needs to be it's got to 624 00:35:17,240 --> 00:35:20,680 be more than one if you want to be successful long term. 625 00:35:20,680 --> 00:35:24,120 So that's the part that I'm still like I, I don't see a 626 00:35:24,120 --> 00:35:27,120 blockchain at present time outside of salon, outside of, 627 00:35:27,200 --> 00:35:32,000 you know, of course, Ethereum with more than one reason to go 628 00:35:32,000 --> 00:35:33,480 there. And you got to get, you got to 629 00:35:33,480 --> 00:35:36,840 give me more than one at this point in time, at least in my 630 00:35:36,840 --> 00:35:40,800 opinion. Yeah, it's an uphill battle for 631 00:35:40,800 --> 00:35:44,600 for sure because we have Solana has captured retail with meme 632 00:35:44,600 --> 00:35:48,040 coins, but they also have a lot of these other types of apps 633 00:35:48,040 --> 00:35:51,240 being built on there as well. So coming after Solana is not 634 00:35:51,240 --> 00:35:54,080 going to be easy, but the the rewards are big if you're able 635 00:35:54,080 --> 00:35:57,880 to pull it off. Folks, we've got a a few minutes 636 00:35:57,880 --> 00:36:01,320 left before rollback spends a couple of NFT stories. 637 00:36:01,320 --> 00:36:05,440 I didn't want to hit on 1st. So Rock Toshi shocked the the 638 00:36:05,440 --> 00:36:09,320 Bitcoin world yesterday, or at least the orinals world with 639 00:36:09,320 --> 00:36:12,480 this tweet saying I was a Co founder of Ordinals. 640 00:36:12,960 --> 00:36:15,960 I've never said that publicly and to my knowledge nobody else 641 00:36:16,080 --> 00:36:18,560 has either. But it's true. 642 00:36:19,480 --> 00:36:24,200 He goes on to talk about how he was working on NFTS on Bitcoin, 643 00:36:25,040 --> 00:36:28,640 how he teamed up with KC to do this. 644 00:36:28,640 --> 00:36:33,280 He goes on to effectively admit that after the mainnet launch, 645 00:36:33,280 --> 00:36:38,320 he inscribed Ordinals himself to create the illusion of more 646 00:36:38,320 --> 00:36:43,120 interest than was actually there, hoping to to keep Casey 647 00:36:43,120 --> 00:36:50,840 and Ralph Rath motivated, and that he lied to them when they 648 00:36:50,840 --> 00:36:52,360 asked him if he actually did it or not. 649 00:36:52,360 --> 00:36:57,600 And he said no, that he left in March 2023, which is effective, 650 00:36:57,600 --> 00:37:01,240 which is before the big run. That's even before the big 2023 651 00:37:01,240 --> 00:37:03,880 run. I said 2023 what had the peak 652 00:37:03,880 --> 00:37:07,600 with what Bitcoin degods probably and they cooled off. 653 00:37:07,960 --> 00:37:11,400 Oh and what was in twelvefold twelvefold Bitcoin degods were 654 00:37:11,400 --> 00:37:17,920 the peak of 2023. Ordinals hype cooled off for AQ1 655 00:37:18,240 --> 00:37:21,360 rally pretty big bombshell from Rocktoshi. 656 00:37:21,800 --> 00:37:24,800 I I woke up and checked the the node monkey. 657 00:37:24,800 --> 00:37:26,760 So he is the founder of node monkeys. 658 00:37:28,640 --> 00:37:31,400 Not not a no market response at all. 659 00:37:32,320 --> 00:37:35,760 In fact, down 2% on the day with cheaper Bitcoin. 660 00:37:36,440 --> 00:37:41,840 Not great. So Logan, if finding out that 661 00:37:41,840 --> 00:37:45,800 your project founder Co created ordinals doesn't move the needle 662 00:37:45,880 --> 00:37:47,600 for your collection, what what does? 663 00:37:48,400 --> 00:37:55,240 Nothing man, I I'm surprised I'm surprised to see a a red number 664 00:37:55,240 --> 00:37:59,000 here, even if it was slightly greens, you know, almost neutral 665 00:37:59,440 --> 00:38:01,680 would have been obviously been better. 666 00:38:02,640 --> 00:38:06,480 This to me adds a little bit if we've made those comparisons 667 00:38:06,480 --> 00:38:08,760 node monkeys to crypto funks, right? 668 00:38:08,760 --> 00:38:12,880 Like this to me almost adds to the parallel a little bit, 669 00:38:12,880 --> 00:38:14,720 right? Like Matt and John were early 670 00:38:14,720 --> 00:38:20,600 Ethereum creators, innovators, Rocktoshi, early Bitcoin 671 00:38:20,600 --> 00:38:24,840 ordinals, like very early, right, Bitcoin ordinals 672 00:38:25,040 --> 00:38:28,560 innovator. I guess the, the market's just 673 00:38:28,560 --> 00:38:31,840 not either not seeing it that way or, you know, things over 674 00:38:31,840 --> 00:38:36,880 there are just so depressed that that lore, that bullet point is 675 00:38:37,680 --> 00:38:40,880 just not ready, right? The market's not ready to absorb 676 00:38:40,880 --> 00:38:44,200 that. So a little surprising. 677 00:38:44,320 --> 00:38:47,520 I I maybe would have left some of the parts out from that, 678 00:38:48,920 --> 00:38:52,240 whatever you want to call it. There's a there's a concession 679 00:38:53,360 --> 00:38:57,840 more than it was. The inscribing, the inscribing 680 00:38:57,840 --> 00:39:00,040 and then lying about the inscriptions to drive more hype. 681 00:39:00,040 --> 00:39:02,720 I mean, if you remember, node monkeys had all sorts of like 682 00:39:02,720 --> 00:39:07,600 little FUD points at the very, very beginning, sort of in that 683 00:39:07,600 --> 00:39:11,680 vein, you know, not not that same thing, but that that was a 684 00:39:11,680 --> 00:39:14,840 little odd to include that. But yeah, maybe pulling back the 685 00:39:14,840 --> 00:39:17,040 veil. Transparency appreciated. 686 00:39:17,560 --> 00:39:20,920 I expected that this would make more of a dent it it did not. 687 00:39:20,920 --> 00:39:26,160 It is a not or ordinals slash runes fall, at least not yet. 688 00:39:27,080 --> 00:39:29,800 This is a rough price chart on the node monkeys. 689 00:39:30,520 --> 00:39:36,200 They effectively are trading lower than December 2023 and are 690 00:39:36,200 --> 00:39:40,040 effectively at yearly lows. A few slight dips below this. 691 00:39:40,160 --> 00:39:47,240 This level .11 Bitcoin Bitcoin cheaper than it was here during 692 00:39:47,240 --> 00:39:49,480 in March. So in USD terms of chart is is 693 00:39:49,480 --> 00:39:52,200 even worse. I wonder So I think there's also 694 00:39:52,200 --> 00:39:53,800 rumors that Raktoshi is tied to Rsic. 695 00:39:54,680 --> 00:39:58,920 So I wonder if if you know this will provide perhaps more 696 00:40:00,360 --> 00:40:04,280 speculation to those? At this point, I'm hoping not. 697 00:40:05,400 --> 00:40:08,640 This is a better bath. Was Casey behind any Ordinals 698 00:40:08,640 --> 00:40:12,600 project? I don't think so. 699 00:40:14,840 --> 00:40:19,080 I think there was oh he he did there there was speculation he 700 00:40:19,080 --> 00:40:21,520 was going to launch a runes. I forget if he actually was tied 701 00:40:21,520 --> 00:40:24,000 to a runes or not, but I don't believe he was tied to any 702 00:40:24,000 --> 00:40:29,040 ordinals collections. OK, yeah, I just don't know, 703 00:40:29,040 --> 00:40:31,760 like if the creator of ordinals really changes anything, but 704 00:40:31,760 --> 00:40:33,400 it's just I guess it's more information. 705 00:40:35,160 --> 00:40:37,560 That's why I basically was wondering like if Casey brought 706 00:40:37,560 --> 00:40:41,480 out project, would it? I guess it would maybe be 707 00:40:41,480 --> 00:40:44,920 slightly stronger. I just don't even know. 708 00:40:44,920 --> 00:40:49,320 Like Ructoshi feels it feels like a did you read what he said 709 00:40:49,320 --> 00:40:50,920 as well? It sounds a bit like Oh yeah, I 710 00:40:50,920 --> 00:40:54,040 was there. I was on the calls, he did all 711 00:40:54,040 --> 00:40:56,240 the code but I was on the course so. 712 00:40:58,200 --> 00:41:02,560 Yeah, not, not super deep. I I would put this on a Casey 713 00:41:02,560 --> 00:41:06,040 did 8080% of the work and maybe everyone else chipped in for 714 00:41:06,040 --> 00:41:09,960 five, I don't know. Yeah, that, that feels like a 715 00:41:09,960 --> 00:41:12,680 fair assessment. I do think if Casey was tied to 716 00:41:12,680 --> 00:41:16,240 one of these collections anonymously and that news came 717 00:41:16,240 --> 00:41:18,360 out, do you think it would probably move a bit? 718 00:41:18,360 --> 00:41:22,880 But man, I I don't know, it's hard to it's looking rough out 719 00:41:22,880 --> 00:41:25,280 in ordinals world. I guess shout out to quantum 720 00:41:25,280 --> 00:41:28,320 cats and pizza ninjas seem to be the two holding up the best. 721 00:41:28,320 --> 00:41:32,400 I mean, OMB certainly as well, but but it's down much more from 722 00:41:32,400 --> 00:41:34,040 peak than these other collections. 723 00:41:34,480 --> 00:41:37,280 Pizza ninjas are kind of trading at all time high, but they are 724 00:41:37,280 --> 00:41:42,240 at a much smaller collection. Well, this was not the only NFT 725 00:41:42,560 --> 00:41:46,160 story of the day and somewhat more negative news. 726 00:41:46,680 --> 00:41:50,440 The Jenkins valet team, Blake Cheston, he came out and said, I 727 00:41:50,440 --> 00:41:52,200 thought the way they are, they are closing shop. 728 00:41:52,200 --> 00:41:56,520 Logan, I actually didn't read his full blog on this, did he? 729 00:41:56,520 --> 00:41:59,280 Also did he announce that he's effectively shifting focus to 730 00:41:59,320 --> 00:42:03,920 another NFT project or just another crypto project in 731 00:42:03,920 --> 00:42:05,400 general? What was the the word here? 732 00:42:06,080 --> 00:42:11,880 No, not NFT. I'm I'm going to mess up trying 733 00:42:11,880 --> 00:42:15,200 to replicate the exact word they shared here, but it it working 734 00:42:15,200 --> 00:42:18,600 on Ave. yeah, Ave., which I actually think is super cool, by 735 00:42:18,600 --> 00:42:21,000 the way. It's kind of like a, my 736 00:42:21,000 --> 00:42:23,800 understanding is sort of like a choose your own adventure type 737 00:42:23,800 --> 00:42:26,040 thing for kids. But that's where he's shifting 738 00:42:26,040 --> 00:42:30,120 focus is to children's. Again, I don't know the right 739 00:42:30,120 --> 00:42:33,520 word to characterize it, but basically allowing, you know, 740 00:42:34,360 --> 00:42:38,520 kids to build these stories, which of course isn't like a 741 00:42:38,520 --> 00:42:41,840 super drastic shift in direction in terms of what they were 742 00:42:41,840 --> 00:42:44,160 looking to build. Kind of like this decentralized 743 00:42:44,400 --> 00:42:47,760 creative endeavor, right? Using people to build stories, 744 00:42:47,920 --> 00:42:49,960 communities to build stories, that type of thing. 745 00:42:49,960 --> 00:42:51,400 I think is is super cool and interesting. 746 00:42:51,400 --> 00:42:53,000 And so I actually think Ave. is interesting. 747 00:42:53,000 --> 00:42:57,880 But if you were a participant in Borden Dangerous or Azeraballah 748 00:42:57,880 --> 00:43:04,080 or writers room, this yeah, effectively ends all further, 749 00:43:04,320 --> 00:43:06,960 you know, push forward. If you were still hoping for 750 00:43:06,960 --> 00:43:11,160 anything, you know, this is kind of the the cease for for 751 00:43:11,160 --> 00:43:14,000 everything. So I understand the 752 00:43:14,000 --> 00:43:16,920 disappointment. I mean, pitchforks were out not 753 00:43:16,920 --> 00:43:21,280 in a like an overwhelming way. You know, I didn't see a whole 754 00:43:21,280 --> 00:43:23,600 lot on my timeline. I saw, yeah, of course, that 755 00:43:23,600 --> 00:43:26,120 post. I think I saw Beanie, you know, 756 00:43:26,200 --> 00:43:29,240 a post or two. But I also saw a post defending, 757 00:43:29,240 --> 00:43:31,000 you know, G Funk was out defending. 758 00:43:31,400 --> 00:43:33,880 There may have been some others as well, just talking about how 759 00:43:33,880 --> 00:43:39,080 difficult it is to build. Just yeah, I, I, I don't know, I 760 00:43:39,080 --> 00:43:41,080 don't know what else to say. I mean, it, it doesn't 761 00:43:41,080 --> 00:43:43,200 necessarily mean a whole lot for anyone. 762 00:43:43,200 --> 00:43:46,600 Like the holders were already down tremendously at this point 763 00:43:46,600 --> 00:43:52,720 in time, but it it is going to probably be a storyline that 764 00:43:52,760 --> 00:43:56,840 transpires one or two more times or more for some of those big 765 00:43:56,840 --> 00:44:00,880 2021 projects that people were, you know, heavily financially 766 00:44:00,880 --> 00:44:02,680 and perhaps emotionally invested in. 767 00:44:03,480 --> 00:44:08,360 Of course, and it's a complex topic, we could spend 30 minutes 768 00:44:08,360 --> 00:44:10,720 on it. I'm not going to spend time on 769 00:44:10,720 --> 00:44:12,960 some of the claims or the money they raise because I've seen 770 00:44:12,960 --> 00:44:19,520 conflicting stories there. But the reality is people don't 771 00:44:19,520 --> 00:44:21,800 have to run NFT projects forever. 772 00:44:22,400 --> 00:44:24,960 And it doesn't really seem like they found a whole lot of that 773 00:44:25,320 --> 00:44:27,240 with, you know, some of these products that they gave it a 774 00:44:27,240 --> 00:44:30,880 good shot and they're calling it quits and going after something 775 00:44:30,960 --> 00:44:34,040 new. So wish them good luck with 776 00:44:34,080 --> 00:44:35,920 their new pursuits.