1 00:00:00,400 --> 00:00:06,160 All right, good morning. Good morning, GMDM folks. 2 00:00:06,360 --> 00:00:10,480 Welcome to another episode of FOMO Hour. 3 00:00:11,040 --> 00:00:20,480 Today is February 11th, 1.5. It is snowing here in Chicago. 4 00:00:20,480 --> 00:00:24,880 It's another cold, Gray day as winter drags on. 5 00:00:25,280 --> 00:00:29,160 Crypto markets feeling a little cold and Gray, at least in the 6 00:00:29,160 --> 00:00:31,960 trenches. But there are some signs of 7 00:00:31,960 --> 00:00:34,240 life. We're going to break it all down 8 00:00:34,640 --> 00:00:36,960 on today's show. I'm excited to get into it with 9 00:00:36,960 --> 00:00:38,840 you. Farouq is out today. 10 00:00:38,840 --> 00:00:43,600 He is gallivanting around Paris. But we've got Mando on with us 11 00:00:43,600 --> 00:00:45,800 still. Mando GM, how you doing? 12 00:00:47,560 --> 00:00:48,640 I'm doing fantastic. How are you? 13 00:00:49,760 --> 00:00:53,320 I'm doing good. Just another day of our crypto 14 00:00:53,320 --> 00:00:56,720 majors trading as stable coins, but nice to see some green 15 00:00:56,720 --> 00:00:58,600 candles out there on the AI board. 16 00:00:58,600 --> 00:01:01,880 I'm excited to get into that with you and see if maybe the 17 00:01:01,880 --> 00:01:05,800 bottom is in, folks. I think we're just going to dive 18 00:01:05,800 --> 00:01:07,440 right into it. Probably a tighter show here 19 00:01:07,440 --> 00:01:08,720 today. What are we talking about? 20 00:01:08,720 --> 00:01:10,840 We're going to start with the market report, some ongoing 21 00:01:10,840 --> 00:01:14,240 chop. We've got more ETFs coming. 22 00:01:14,240 --> 00:01:17,440 We've got states continuing to pile into these strategic 23 00:01:17,440 --> 00:01:20,240 reserve bills. We've got breaking news this 24 00:01:20,240 --> 00:01:23,080 morning, unit chain from Uniswap that is live. 25 00:01:23,480 --> 00:01:26,080 We're going to talk about Dave Portnoy's continued roller 26 00:01:26,080 --> 00:01:29,440 coaster of pump and dumps and the jail stool token story 27 00:01:29,440 --> 00:01:34,480 protocol announcing their TGE social air drops tied to Kaido 28 00:01:34,520 --> 00:01:37,360 and they keep rolling in. Then we're going to get into AI. 29 00:01:37,600 --> 00:01:39,280 The leaders seeing mega rebounds. 30 00:01:39,280 --> 00:01:41,680 Is this one for real or just a head fake? 31 00:01:41,680 --> 00:01:46,080 And then perhaps a couple NFT headlines before we close things 32 00:01:46,160 --> 00:01:48,840 out. Before we get in, a few shout 33 00:01:48,840 --> 00:01:52,240 outs to our sponsors. 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Can you dig it? 45 00:02:39,000 --> 00:02:40,960 GM everyone, how are you all doing? 46 00:02:41,320 --> 00:02:44,960 Feels as though we are slightly greener on the day. 47 00:02:46,080 --> 00:02:49,680 Bitcoin hanging out in nannies. Well nicely I guess it's 48 00:02:49,680 --> 00:02:53,400 slightly lower actually 97 K, but a lot of the trenches stuff 49 00:02:53,440 --> 00:02:56,160 I think we come up with a lot that's higher. 50 00:02:56,160 --> 00:02:58,880 Memes and AI coins have definitely had a bit of a 51 00:02:58,880 --> 00:03:03,120 bounce. Looks like majors are kind of 52 00:03:03,120 --> 00:03:05,120 unchanged. The biggest piece of news today 53 00:03:05,120 --> 00:03:09,880 on macro is that Jerome Powell is giving some form of testimony 54 00:03:11,240 --> 00:03:16,800 to the house and probably will be questioned on his his plans 55 00:03:16,800 --> 00:03:20,120 for policy. I'm seeing some light headlines 56 00:03:20,120 --> 00:03:24,320 around that already. So it does feel as though we're 57 00:03:24,320 --> 00:03:26,600 going to see, yeah, Powell reiterates. 58 00:03:26,600 --> 00:03:28,200 No need to hurry to adjust rates. 59 00:03:28,200 --> 00:03:34,480 So he seems like he's being relatively hawkish, so or at 60 00:03:34,480 --> 00:03:36,480 least he's being more data dependent. 61 00:03:36,480 --> 00:03:38,040 I don't really know how the market's going to take that. 62 00:03:38,040 --> 00:03:41,160 But it does feel as though that's you're going to see a lot 63 00:03:41,160 --> 00:03:43,320 of headlines at around that for the next two days. 64 00:03:43,320 --> 00:03:45,120 He's he's, he's there for a while. 65 00:03:46,600 --> 00:03:51,040 As as I kind of said already, it does feel as though we've seen a 66 00:03:51,040 --> 00:03:53,800 bit of a drop in Bitcoin dominance back down to kind of 67 00:03:53,800 --> 00:03:57,400 61% area. And that's meant that a lot of 68 00:03:57,400 --> 00:03:59,680 these beaten up coins have really rallied. 69 00:03:59,680 --> 00:04:06,640 So coins like AI16Z have gone from a low of around 300 million 70 00:04:07,120 --> 00:04:13,400 to now around 600 million ARK from a low of around 1:50 to 320 71 00:04:13,400 --> 00:04:16,360 today. And then a bunch of other movers 72 00:04:16,360 --> 00:04:20,120 kind of in the AI space, less aggressive, but bounces and 73 00:04:20,120 --> 00:04:25,800 things like FARC, COIN, Griffane, yeah, kind of a range 74 00:04:25,800 --> 00:04:27,840 of them right now. So we have the AI agent market 75 00:04:27,920 --> 00:04:31,600 market cap back up to around 8 billion, which is which is nice. 76 00:04:31,600 --> 00:04:34,520 It's kind of some of the, I would say some of the leaders 77 00:04:34,520 --> 00:04:36,680 are kind of back to where they were at the start of the year. 78 00:04:36,880 --> 00:04:40,640 So like ARC was around 300 million at the start of the year 79 00:04:41,600 --> 00:04:47,560 and it's it's back there now. I think Farcorn AI16Z is 80 00:04:47,560 --> 00:04:51,480 definitely lower, but but there's a few of those where you 81 00:04:51,480 --> 00:04:54,160 know, they've they've kind of recovered slightly here. 82 00:04:54,680 --> 00:04:56,800 We've seen a bouncing against some of the revenue generating 83 00:04:56,800 --> 00:05:00,320 protocols. So Hype Ray Jupiter all had 84 00:05:00,320 --> 00:05:05,480 decent days. They've given back a little bit 85 00:05:05,480 --> 00:05:08,680 in the last hour or so, but those continue to be like one of 86 00:05:08,680 --> 00:05:12,560 the things I think people jump at first whenever there's some 87 00:05:13,240 --> 00:05:15,440 some strength back in majors. So we'll see how that one 88 00:05:15,440 --> 00:05:20,520 develops in terms of like institutional adoption. 89 00:05:20,520 --> 00:05:23,760 Some news, the only real 1 here is that that Bloomberg came out 90 00:05:23,760 --> 00:05:26,960 yesterday and said that basically we're going to get a 91 00:05:26,960 --> 00:05:32,200 Litecoin, XRP, DOGE, Solana ETF all likely to get approved in, 92 00:05:32,200 --> 00:05:35,640 in their, in their view, they had, they put like a 90% 93 00:05:35,640 --> 00:05:37,440 probability on some of these approvals. 94 00:05:37,440 --> 00:05:40,000 So they're very, very confident we're going to get a range of 95 00:05:40,000 --> 00:05:43,200 different altcoin ETFs and they could be relatively soon. 96 00:05:45,000 --> 00:05:48,000 So in that world, it does. You've had strength in, in, in a 97 00:05:48,000 --> 00:05:51,160 few of these different alts. It looks like Grayscale actually 98 00:05:51,160 --> 00:05:54,440 applied for an ADA ETF too. So ADA was Cardano was one of 99 00:05:54,440 --> 00:05:58,400 the best performers yesterday. But yeah, I think people are 100 00:05:58,400 --> 00:06:00,440 getting a little bit more bullish on the idea because get 101 00:06:00,440 --> 00:06:06,520 some nearer term approval. Some of the major ETFs we did 102 00:06:06,520 --> 00:06:11,680 have, again, Solana continues to kind of dominate in terms of 103 00:06:11,680 --> 00:06:15,920 revenue versus ETH, gas fees plummeting to like a five year 104 00:06:15,920 --> 00:06:17,080 loan. There's a lot of debate on the 105 00:06:17,080 --> 00:06:22,720 timeline about how L2 should be acting in this world, kind of 106 00:06:22,720 --> 00:06:26,880 fights between arbitrary and base and mega ETH and all these 107 00:06:26,880 --> 00:06:31,080 guys all having commentary on the role of L twos here, which 108 00:06:31,080 --> 00:06:32,200 is going to be an interesting one. 109 00:06:32,560 --> 00:06:36,480 Vitalik kind of came out and said, you know, they should 110 00:06:36,480 --> 00:06:38,320 align themselves with ETH a little bit more, but there's 111 00:06:38,320 --> 00:06:41,440 nothing, there's no incentive or contract for that to happen. 112 00:06:41,440 --> 00:06:46,360 So there's a little bit of a no, a schism, let's say at the heart 113 00:06:46,360 --> 00:06:50,040 of right now, which continues to kind of fester and there's a lot 114 00:06:50,040 --> 00:06:51,640 of fighting going on the timeline. 115 00:06:52,400 --> 00:06:54,560 But yeah, we'll see how that one resolves. 116 00:06:54,560 --> 00:06:58,400 It actually was was probably the best performing major over the 117 00:06:58,400 --> 00:07:02,240 last 24 hours. It looks like in terms of macro 118 00:07:02,240 --> 00:07:05,600 news, stocks have kind of been OK. 119 00:07:05,640 --> 00:07:12,320 They bounced back yesterday. The NASDAQ still is still below 120 00:07:12,320 --> 00:07:18,520 20 K and it looks like today we're a little bit lower just 121 00:07:18,520 --> 00:07:22,560 because of of Powell's comments. But nothing, nothing crazy. 122 00:07:22,560 --> 00:07:25,760 You did have Elon attempting to potentially buy open AI 123 00:07:25,760 --> 00:07:31,440 yesterday, which Sam Altman came out and said no thank you. 124 00:07:32,160 --> 00:07:36,400 Sam Altman, I don't know if he he can actually say no thank you 125 00:07:36,400 --> 00:07:38,120 in that scenario. He's not like the shareholder, 126 00:07:38,880 --> 00:07:41,200 all the, the controlling shareholders already know if 127 00:07:41,200 --> 00:07:43,160 he's the person that can even say no thank you. 128 00:07:43,160 --> 00:07:47,760 But basically there was a bid by Elon and a consortium for 100 129 00:07:47,760 --> 00:07:50,920 billion for open AI. Obviously Elon's been in a fight 130 00:07:50,920 --> 00:07:55,880 with them about their their move to being a for profit. 131 00:07:56,240 --> 00:08:01,720 And I would imagine there's some sort of understanding there 132 00:08:01,720 --> 00:08:06,000 that, you know, if you accept this bid, I'll drop the lawsuit. 133 00:08:06,640 --> 00:08:09,400 If you if you don't, I'm going to continue to be very, very 134 00:08:09,400 --> 00:08:14,360 aggressive in trying to stop open AI moving towards being a 135 00:08:16,040 --> 00:08:19,200 being a for profit, which I'm sure a lot of people are kind of 136 00:08:19,200 --> 00:08:23,200 annoyed about. I think that was that was kind 137 00:08:23,200 --> 00:08:28,960 of it in terms of macro meta meta stock is on this 16 day 138 00:08:28,960 --> 00:08:32,640 winning streak, one of the longest winning streaks on the 139 00:08:32,640 --> 00:08:36,840 stock and the biggest for over like 30 years right now. 140 00:08:36,840 --> 00:08:39,440 So it's been very interesting. And at the same time, Tesla's 141 00:08:39,840 --> 00:08:43,360 sinking. So this meta versus Tesla things 142 00:08:43,360 --> 00:08:48,000 going on in in left curve stuff. I'm sure Tyler, you can get to 143 00:08:48,000 --> 00:08:50,480 it, but it felt like yesterday was just dominated by Dave 144 00:08:50,480 --> 00:08:52,360 Portnoy. And I think a lot people are 145 00:08:52,360 --> 00:08:54,960 getting a little bit tired, but there was obviously that stuff 146 00:08:54,960 --> 00:08:59,680 about Kaito which you say, which is which is gaining a little bit 147 00:08:59,680 --> 00:09:01,440 of traction I guess with the yappers. 148 00:09:02,560 --> 00:09:05,840 And it feels as though, like I said, AI has been, has been the 149 00:09:05,840 --> 00:09:09,120 main winners. Yeah, no, I think that's spot 150 00:09:09,120 --> 00:09:10,640 on. That's that's a nice round up 151 00:09:10,640 --> 00:09:15,120 there of the headlines. It just jumped out to me looking 152 00:09:15,120 --> 00:09:18,120 at the Sam Altman rebuttal from Elon. 153 00:09:18,120 --> 00:09:22,320 If folks didn't realize this, Elon changed his handle on X to 154 00:09:22,320 --> 00:09:28,160 hairy balls, which also sent the left curve market into a a 155 00:09:28,160 --> 00:09:30,360 flurry of several tokens launching. 156 00:09:30,360 --> 00:09:35,880 I think I saw one get to the 20, 20 million or so, just this is 157 00:09:35,880 --> 00:09:38,200 the guy who who's leading the Department of Government 158 00:09:38,200 --> 00:09:41,320 efficiency and auditing the entire United States federal 159 00:09:41,320 --> 00:09:44,560 government and then just changing his handle to hairy 160 00:09:44,560 --> 00:09:46,200 balls right in the middle of all of it. 161 00:09:46,880 --> 00:09:51,040 So that was a little comedic. Maybe we zoom out for a second. 162 00:09:51,040 --> 00:09:54,200 I want to get into some of the the more detailed headlines, but 163 00:09:55,800 --> 00:09:58,400 just kind of curious. We've been talking macro a 164 00:09:58,400 --> 00:10:00,880 little bit more, just kind of just the the ongoing chop. 165 00:10:00,880 --> 00:10:05,720 I saw KBM say he's short. He's conservatively short right 166 00:10:05,720 --> 00:10:06,200 now. Oh. 167 00:10:06,200 --> 00:10:11,840 KBM Short is he? On majors, yes, said he he's not 168 00:10:11,840 --> 00:10:14,680 in size that he's going to get blown out by any Loomis tweet. 169 00:10:16,120 --> 00:10:19,080 But then on on the flip side, so we've got Bob, one of my more 170 00:10:19,080 --> 00:10:24,360 favorite macro TA guys and he he's laying out what bit what a 171 00:10:24,360 --> 00:10:27,000 Bitcoin four year cycle could look like if it follows 172 00:10:27,000 --> 00:10:30,000 historical trends. Again, I think we've talked on 173 00:10:30,000 --> 00:10:33,040 this show, we're not necessarily those who align with the the 174 00:10:33,040 --> 00:10:35,160 four year cycle trend at this point. 175 00:10:35,560 --> 00:10:39,800 And Bob doesn't really either, but several folks, huge cohorts 176 00:10:39,800 --> 00:10:43,280 of this market still do seem to kind of live and live and die. 177 00:10:43,280 --> 00:10:45,760 But the four year cycle. So I thought it was interesting 178 00:10:46,240 --> 00:10:50,480 enough to perhaps just pull it up if folks didn't see this. 179 00:10:51,520 --> 00:10:55,000 So, so basically his view is we're just kind of starting to 180 00:10:55,000 --> 00:11:00,560 get into this new weekly cycle. He sees Bitcoin marching up to 181 00:11:00,560 --> 00:11:06,240 about 150K if it follows previous cycles by May cool off 182 00:11:06,240 --> 00:11:10,840 in the summer and then a March over 200 by by Q4. 183 00:11:11,960 --> 00:11:16,120 So a little bit of bull hopium for for folks here on a cloudy 184 00:11:16,120 --> 00:11:19,360 Gray Tuesday. I could easily see that, yeah. 185 00:11:20,600 --> 00:11:22,640 I, I, I think that the, the thing that gets us out of this 186 00:11:22,640 --> 00:11:27,400 range is, is talk about the Bitcoin Reserve actually coming 187 00:11:27,400 --> 00:11:33,600 into, into fruition. And I think that's probably six 188 00:11:33,600 --> 00:11:39,680 months from from when he got inaugurated. 189 00:11:39,680 --> 00:11:41,560 So probably like June, July time. 190 00:11:42,800 --> 00:11:45,920 We, we, we could start to see that you may see a like a salon 191 00:11:45,920 --> 00:11:50,120 ETF approved before that or some old COIN ETF approved before 192 00:11:50,120 --> 00:11:54,520 that feels as though very different ETF issuers seem 193 00:11:54,720 --> 00:11:56,320 fairly bullish on that. And you could see some 194 00:11:56,320 --> 00:12:00,800 resolution and on all these ongoing court cases between the 195 00:12:00,800 --> 00:12:04,240 SEC and, and, and exchanges, which I think would be 196 00:12:04,480 --> 00:12:06,080 relatively bullish, but nothing crazy. 197 00:12:06,080 --> 00:12:10,160 But the thing that gets us out of this range is that, and 198 00:12:10,600 --> 00:12:15,000 normally you hear basically like very strong rumours about it 199 00:12:15,000 --> 00:12:17,400 like a month beforehand, like we have with the ETF, right. 200 00:12:17,880 --> 00:12:23,280 So my, my guess is that we start to rally into into that and, 201 00:12:23,320 --> 00:12:25,800 and, and that that probably takes us to a similar sort of 202 00:12:25,800 --> 00:12:29,040 timeline like May June, I can imagine is when we break out of 203 00:12:29,040 --> 00:12:31,320 this. So until then, I think there's a 204 00:12:31,320 --> 00:12:35,880 bit of chop suey in chops in this sideways bitcoins. 205 00:12:36,120 --> 00:12:38,640 This has been one of the the stranger situations right now is 206 00:12:38,640 --> 00:12:42,480 that normally when bitcoins going sideways, normally people 207 00:12:42,480 --> 00:12:45,720 are gambling on all coins and you know, they're, they're 208 00:12:45,720 --> 00:12:50,720 betting and you start to see, you know, we had a huge, huge 209 00:12:50,720 --> 00:12:55,040 meme coin run in a period where Bitcoin went sideways last last 210 00:12:55,040 --> 00:13:00,560 year, we had huge moves in and similarly, now we have AI coins 211 00:13:00,560 --> 00:13:03,680 and meme coins and that hasn't happened. 212 00:13:05,240 --> 00:13:06,520 They're in fact, they're all down a lot. 213 00:13:06,520 --> 00:13:10,440 So I continue to kind of like some of these stories here. 214 00:13:11,280 --> 00:13:15,600 Maybe I'm like a a broken record and saying that I, I think some 215 00:13:15,600 --> 00:13:20,000 of these are, are due a decent bounce like I did go more 216 00:13:20,000 --> 00:13:23,760 defensive in some of these like revenue producing protocols. 217 00:13:25,480 --> 00:13:30,160 But if it does feel as though some of this stuff, particularly 218 00:13:30,160 --> 00:13:33,560 the utility AI coins are bouncing, are bouncing quite 219 00:13:33,560 --> 00:13:39,760 strongly. The FARC coins plus AI16Z seems 220 00:13:39,760 --> 00:13:43,520 to have been the strongest ones. You, you mentioned even BBB 221 00:13:43,520 --> 00:13:45,440 yesterday. It's on like a 3X from that low. 222 00:13:46,520 --> 00:13:48,880 I can't imagine people are just going to sit around and do 223 00:13:48,880 --> 00:13:53,600 nothing for four months. Yeah, I totally agree. 224 00:13:54,280 --> 00:13:59,920 It's I'm trying to be very cautious because I tried to call 225 00:13:59,920 --> 00:14:04,880 bottom here on the AI cycle and we saw a little rebound and then 226 00:14:04,880 --> 00:14:10,800 everything fell another 50%. Is the forever bottom in. 227 00:14:11,040 --> 00:14:14,520 I don't know if if we see a macro turn down if Bitcoin back 228 00:14:14,520 --> 00:14:17,600 goes back to 92 or 88 K like we're probably going to revisit 229 00:14:17,600 --> 00:14:23,560 the lows on a lot of these. But it does start to look like 230 00:14:24,200 --> 00:14:28,600 the leaders are catching bids again, which is, which is nice 231 00:14:28,600 --> 00:14:29,920 to see. A lot of them are are are 232 00:14:29,920 --> 00:14:33,480 showing this chart, which again, it's hard to we've already we've 233 00:14:33,480 --> 00:14:36,520 seen recoveries 3 or 4 Times Now on the way down. 234 00:14:36,760 --> 00:14:42,120 So it is hard to get hyperbold up, but far coin up 50% off the 235 00:14:42,120 --> 00:14:43,960 bottom. I think Arc is arguably the most 236 00:14:43,960 --> 00:14:48,080 impressive of all these, mostly because you you led the show 237 00:14:48,080 --> 00:14:49,800 with it. It's kind of back to where it 238 00:14:49,800 --> 00:14:55,320 was to to start the year. So it's not, it's not down 80% 239 00:14:56,040 --> 00:15:00,880 from high. It's really, you know. 40 I 240 00:15:00,920 --> 00:15:04,080 mean, it's interesting because like we've said this before, but 241 00:15:04,160 --> 00:15:06,240 AI16Z and ARC are very similar projects. 242 00:15:06,440 --> 00:15:11,520 They are very similar projects, except just one of them is on is 243 00:15:11,520 --> 00:15:17,400 on Rust. And yet AI16Z got decimated and 244 00:15:17,400 --> 00:15:20,840 ARC is kind of part of, I mean, that probably shows you how much 245 00:15:20,840 --> 00:15:23,880 like the vibes affected that project, whereas ARC has managed 246 00:15:23,880 --> 00:15:26,680 to like keep the vibes relatively healthy and it's kind 247 00:15:26,680 --> 00:15:29,160 of gone back to, yeah, basically. 248 00:15:29,800 --> 00:15:32,400 I mean, I think when this stuff really started moving, it was 249 00:15:32,400 --> 00:15:35,920 like the 30th of December and ARC was at 2:50 then. 250 00:15:35,920 --> 00:15:39,160 So it's actually up versus like when everything else started 251 00:15:39,160 --> 00:15:40,880 moving. That was when AI 16 ZI think 252 00:15:40,880 --> 00:15:44,840 changed its tokenomics, right? It was like the 30th of December 253 00:15:44,840 --> 00:15:47,160 and that's when like everything started gapping or maybe the 254 00:15:47,160 --> 00:15:52,280 last week of December. AI16Z is down about 30% still 255 00:15:52,520 --> 00:15:57,160 from from or 40% since the 30th of December. 256 00:15:57,480 --> 00:16:01,800 And FARC coin fart coin looks it was it was at 9:50 and now it's 257 00:16:01,800 --> 00:16:04,160 at 6:20. So assuming that those are like 258 00:16:04,160 --> 00:16:08,440 the three big ones, at least on Seoul, that's a decent move. 259 00:16:10,240 --> 00:16:13,280 Like we're we're kind of within range that you couldn't have 260 00:16:13,280 --> 00:16:18,840 been that wrecked unless you called it late virtual's. 261 00:16:18,840 --> 00:16:26,360 Is it really did kind of peak on the 3rd or it peaked on the 3rd 262 00:16:26,360 --> 00:16:28,640 of January actually at 5 billion there. 263 00:16:29,320 --> 00:16:32,360 That's the one that's that's really been hurt and obviously 264 00:16:32,360 --> 00:16:35,040 that's now moved to Seoul yesterday. 265 00:16:36,720 --> 00:16:38,200 What do you, what do you make of that now? 266 00:16:38,200 --> 00:16:44,440 Like do you think every major base coin seemingly has kind of 267 00:16:44,440 --> 00:16:50,440 moved to Solana, right? They have, which I think has 268 00:16:50,440 --> 00:16:53,840 weakened the case for virtuals. We've we've shared the virtuals 269 00:16:53,840 --> 00:16:56,000 dashboard before, I don't need to share them again. 270 00:16:56,000 --> 00:16:58,120 This, the number of daily launches have effectively gone 271 00:16:58,120 --> 00:17:01,920 to 0. That was a big part of the run 272 00:17:01,920 --> 00:17:04,400 to $5. People were looking at the 273 00:17:04,400 --> 00:17:07,040 revenue it was generating and then now it kind of stopped 274 00:17:07,760 --> 00:17:12,119 generating revenue. I think the team is still well 275 00:17:12,119 --> 00:17:18,440 positioned as a leader in this new crypto AI sector, but it's 276 00:17:18,440 --> 00:17:20,400 almost like one where you kind of have to separate perhaps the 277 00:17:20,400 --> 00:17:24,880 team from, from the token here. And like objectively, it's just 278 00:17:24,880 --> 00:17:26,880 not bouncing back as strongly as the others. 279 00:17:26,880 --> 00:17:30,120 I think we, we, we, we can see that pretty clearly in the 280 00:17:30,120 --> 00:17:31,800 chart. And I think the move to Salon 281 00:17:31,800 --> 00:17:33,720 kind of weakens it, right, because part of their 282 00:17:33,720 --> 00:17:37,760 differentiator was that they were on ETH base and. 283 00:17:37,760 --> 00:17:39,680 That's a good point. Yeah, it's a good point. 284 00:17:40,760 --> 00:17:42,480 Now that they're on Salon, they're they're playing in a 285 00:17:42,480 --> 00:17:47,800 more competitive playing field. Yeah, that's the Yeah, that's 286 00:17:47,800 --> 00:17:49,480 the thing. Like you move to Seoul and the 287 00:17:49,600 --> 00:17:52,120 liquidity is there, but it's a fickle beast. 288 00:17:53,400 --> 00:17:57,640 You know, you can come to Solana and and yeah, yeah, you might 289 00:17:57,640 --> 00:18:02,840 see more people buying stuff, but it feels as though it can 290 00:18:02,880 --> 00:18:05,840 you can get out competed by some of the other Solana coins now 291 00:18:05,920 --> 00:18:09,520 quite quite quickly. I guess the other main 292 00:18:09,520 --> 00:18:15,320 competitors would be like Top Hat and Baifu and all all those 293 00:18:15,320 --> 00:18:17,880 other ones. So maybe it does make it a 294 00:18:17,880 --> 00:18:20,400 little bit more difficult. It does feel as though, like the 295 00:18:20,400 --> 00:18:26,640 Virtuals team from people who are in the space, they're very 296 00:18:26,640 --> 00:18:31,160 highly respected, so maybe they have a few things up their 297 00:18:31,160 --> 00:18:33,360 sleeve, I don't know. Yeah, and they're meeting with 298 00:18:33,360 --> 00:18:37,200 the XA, the Twitter AI team at Twitter HQ. 299 00:18:38,400 --> 00:18:41,640 I mean that that meeting alone feels pretty big, right? 300 00:18:41,640 --> 00:18:44,200 I don't think a whole lot of teams would be able to to land 301 00:18:44,200 --> 00:18:47,160 that. So I think there's there's 302 00:18:47,160 --> 00:18:49,120 reasons to be still be optimistic. 303 00:18:50,480 --> 00:18:54,680 Nothing's jumping out to me and I wonder when we will let's see 304 00:18:54,680 --> 00:18:56,480 folks start to capitulate back in. 305 00:18:56,480 --> 00:19:01,640 I don't think we're there yet, but arc is up or AI16Z is up 306 00:19:01,680 --> 00:19:06,920 over 100% off the bottom. Now arc arc is up 100% off the 307 00:19:06,920 --> 00:19:10,160 bottom also. And you just look at this 308 00:19:10,160 --> 00:19:12,920 candle, there's folks who are like, OK, I'm fine missing the 309 00:19:12,920 --> 00:19:15,360 1st 10 to 20% move off the bottom. 310 00:19:15,360 --> 00:19:18,720 I want to, I want to make sure that the the reversal is there. 311 00:19:19,400 --> 00:19:22,880 If you miss these updates, you miss a lot. 312 00:19:23,320 --> 00:19:28,480 Like this thing's up 50% today. It's up since the week started. 313 00:19:28,640 --> 00:19:30,320 Yeah. I mean, it's up 90%. 314 00:19:33,080 --> 00:19:38,000 Yeah, look, I think, I think that's kind of it. 315 00:19:38,080 --> 00:19:42,600 It's, it's just like one of these days that's Solana for 316 00:19:42,600 --> 00:19:45,360 you. Like you miss these days, you 317 00:19:45,400 --> 00:19:49,160 are having to buy some pretty crazy candles when stuff gets 318 00:19:49,160 --> 00:19:52,640 moving. I don't think this sector's 319 00:19:52,640 --> 00:20:00,000 going anywhere. I think the maybe the, you know, 320 00:20:00,200 --> 00:20:04,840 where it was a month ago, where it was like this is going to 321 00:20:04,840 --> 00:20:09,520 dominate all sectors. I still think this is going to 322 00:20:09,520 --> 00:20:16,320 be the strongest sector of 2025. But it it's clear that like it's 323 00:20:16,360 --> 00:20:19,200 become particularly the utility coins a little bit more like 324 00:20:19,200 --> 00:20:23,720 people have got to. They've they've maybe got to 325 00:20:23,720 --> 00:20:28,040 show a little bit more utility than than they kind of had 326 00:20:28,040 --> 00:20:31,520 before just because there was so much supply of them and so many 327 00:20:31,520 --> 00:20:35,800 different people coming in. So yeah, I don't think I'll be 328 00:20:35,800 --> 00:20:38,000 as parabolic. Let's say the, the bounce back 329 00:20:38,000 --> 00:20:39,960 this time. I, I think you'll get a chance 330 00:20:39,960 --> 00:20:42,680 to buy these coins again is basically what I'm saying. 331 00:20:43,680 --> 00:20:47,000 That's my gut. I I think that's fair, yeah. 332 00:20:47,320 --> 00:20:48,760 And ARC is a little bit different. 333 00:20:48,760 --> 00:20:53,160 I kind of want to put it aside because it it didn't move in 334 00:20:53,160 --> 00:20:55,880 line with some of the others. But like if you if we pull up 335 00:20:55,880 --> 00:21:03,320 the AI16Z chart, it's hard to see this, it's going to be 336 00:21:03,320 --> 00:21:07,640 shaped back to $2.40. Yeah, that that that's, that 337 00:21:07,640 --> 00:21:10,680 seems like a very difficult one. Can, can we, can we go through 338 00:21:10,680 --> 00:21:14,880 just to change topics slightly here, Kaito, can you just like, 339 00:21:15,200 --> 00:21:20,760 can you just top down explain to everyone why all these guys are 340 00:21:20,760 --> 00:21:25,200 obsessed with Kaito and why we should all be paying attention 341 00:21:25,200 --> 00:21:26,960 to it? Because I am not. 342 00:21:27,840 --> 00:21:32,760 And yeah, like I know you know, the, the type all the people 343 00:21:32,760 --> 00:21:35,480 that were in AI have now like moved to Kaito and there's 344 00:21:35,480 --> 00:21:37,880 clearly going to be some sort of all the AirDrop farming guys are 345 00:21:37,880 --> 00:21:41,040 on Kaito and I just don't even know what what I'm meant to be 346 00:21:41,040 --> 00:21:45,000 doing here. Kaito obviously I've used as a 347 00:21:45,000 --> 00:21:48,320 platform. I've I'm I used. 348 00:21:48,320 --> 00:21:51,360 I have a monthly subscription to it, but I don't know what this 349 00:21:51,360 --> 00:21:53,200 is. Yeah. 350 00:21:53,200 --> 00:21:56,680 So I think for starters, the reason that Kaido kind of caught 351 00:21:56,680 --> 00:22:00,760 fire and start getting attention on crypto Twitter were for these 352 00:22:00,760 --> 00:22:05,080 new attention mindshare heat maps that they developed. 353 00:22:05,080 --> 00:22:08,120 It's on their platform. You can see just big bright 354 00:22:08,200 --> 00:22:11,760 green squares, red squares for those who are gaining mindshare, 355 00:22:11,760 --> 00:22:14,960 those who are losing mindshare, what was perhaps, you know, a 356 00:22:14,960 --> 00:22:19,200 little different and what made them the next iteration of, you 357 00:22:19,960 --> 00:22:22,840 know, the tension measuring was that they were beyond just 358 00:22:22,840 --> 00:22:24,440 influencers. So there's an influencer 359 00:22:24,440 --> 00:22:26,960 component, there is a protocol component. 360 00:22:27,120 --> 00:22:29,960 So you can see here, you know, how Kairo compares to Open Sea 361 00:22:29,960 --> 00:22:32,680 compares to Pump Fun. And they also have tokens. 362 00:22:32,760 --> 00:22:36,120 So you can see how different tokens I can compare with each 363 00:22:36,120 --> 00:22:38,840 other in different categories. So I think this was really the 364 00:22:38,840 --> 00:22:43,880 first time that we had seen those 3 buckets kind of bubble 365 00:22:43,880 --> 00:22:46,640 up in such an easy to comprehend manner. 366 00:22:46,640 --> 00:22:48,360 And like looking at their dashboards, they're incredibly 367 00:22:48,360 --> 00:22:50,440 clean. It is very easy to just quickly 368 00:22:50,440 --> 00:22:54,280 look at this and understand. So like I'm, I'm looking at 369 00:22:54,280 --> 00:22:56,280 different leaderboards. I can see the AI agent 370 00:22:56,280 --> 00:22:59,920 leaderboard, I can see crypto and AI or just broader CT. 371 00:23:00,000 --> 00:23:03,360 And then from there you've got individual projects. 372 00:23:03,360 --> 00:23:07,080 So you can dive in and see, OK, who's talking the most about 373 00:23:07,080 --> 00:23:09,480 mega ETH? And they're going to have their 374 00:23:09,480 --> 00:23:14,560 own rankings for that. The the reason this has started 375 00:23:14,560 --> 00:23:19,920 to matter, there's a handful, but one now projects are 376 00:23:19,920 --> 00:23:24,680 starting to reward their top yappers specifically. 377 00:23:25,120 --> 00:23:28,880 So Berra chain came out, they had a social AirDrop component 378 00:23:28,880 --> 00:23:32,040 as a part of their AirDrop campaign. 379 00:23:32,400 --> 00:23:35,920 Anyone who was talking about Berra received somewhere between 380 00:23:35,920 --> 00:23:41,320 6:00 or 600 or 700 tokens. It's $3500, a pretty significant 381 00:23:41,440 --> 00:23:45,080 AirDrop there. Anime, anime coin from the Azuki 382 00:23:45,080 --> 00:23:48,320 team, they just rolled out their social AirDrop yesterday that 383 00:23:48,320 --> 00:23:50,920 the top folks who were talking about anime received some 384 00:23:50,920 --> 00:23:54,040 tokens. I saw folks get $500 to $1000. 385 00:23:55,360 --> 00:23:59,160 We had folks who were able to monetize selling their boats 386 00:23:59,160 --> 00:24:01,200 that that that's kind of went by the wayside. 387 00:24:01,440 --> 00:24:03,000 So I wouldn't really focus about that. 388 00:24:03,120 --> 00:24:06,400 And then there's just folks who are in general trying to farm 389 00:24:06,400 --> 00:24:10,600 yaps because they they are bullish on, yeah, Kaido doing 390 00:24:10,600 --> 00:24:14,760 their own token drop down the line and they're they're giving 391 00:24:14,760 --> 00:24:18,240 out 25,000 the apps per day. So you can do some back of the 392 00:24:18,240 --> 00:24:22,760 napkin math on what you think the total number of the apps 393 00:24:22,760 --> 00:24:26,800 will be if they do a three month campaign, how that might convert 394 00:24:26,800 --> 00:24:30,080 to a token if they give out 10 percent, 20%, that type of 395 00:24:30,080 --> 00:24:31,960 thing. So that's where you've seen the 396 00:24:31,960 --> 00:24:34,000 back of the napkin math. We've seen folks calling for 397 00:24:34,000 --> 00:24:36,520 $100 a yap. I think that's kind of out to 398 00:24:36,520 --> 00:24:42,600 launch, but single digit dollar per app, couple dollars per app, 399 00:24:42,600 --> 00:24:46,720 I think very realistic, perhaps as high as like in the five to 400 00:24:46,720 --> 00:24:48,200 10 range. I don't want to hold my breath, 401 00:24:49,360 --> 00:24:50,960 but that's why people have been farming it. 402 00:24:51,200 --> 00:24:53,960 And the reason like so we've had bread on the show. 403 00:24:53,960 --> 00:24:57,400 The reason that projects care is it gives you the social graph of 404 00:24:57,400 --> 00:24:59,360 who is talking about your product the most. 405 00:25:00,920 --> 00:25:04,000 Those are the people you can you can reward. 406 00:25:04,000 --> 00:25:05,320 Those are the people you can lean into. 407 00:25:05,320 --> 00:25:09,560 And it's also a carrot for you to say, hey, if you know you get 408 00:25:09,560 --> 00:25:12,760 to the top 20, the top 100, we will reward you as well. 409 00:25:13,040 --> 00:25:16,760 So it's just it's an easier way to kind of connect and reward 410 00:25:16,760 --> 00:25:20,080 the folks who are not a spokesperson. 411 00:25:20,600 --> 00:25:22,480 Haven't other projects done this before though? 412 00:25:22,480 --> 00:25:25,400 Like I know like Luna Crush had a version of this whereas like 413 00:25:25,800 --> 00:25:28,400 you were like the top influencer for a certain project. 414 00:25:28,400 --> 00:25:31,440 I've I've seen that before and so did cookie. 415 00:25:31,960 --> 00:25:33,920 They've had something similar right Where they have like your 416 00:25:34,120 --> 00:25:37,320 top influencers for a project. Why is this one now like the 417 00:25:37,320 --> 00:25:38,480 one? Is it just because people are 418 00:25:38,480 --> 00:25:41,520 using this more than like, do you think this is going to be 419 00:25:41,520 --> 00:25:46,120 like they're going to have the monopoly on on air drops because 420 00:25:46,120 --> 00:25:48,960 of of that? I think it's just their reach 421 00:25:49,000 --> 00:25:51,000 and their popularity. Right. 422 00:25:51,480 --> 00:25:55,040 And this the fact that the the folks who are largely at the top 423 00:25:55,040 --> 00:25:58,560 of their leaderboard are also talking about it all the time. 424 00:25:58,560 --> 00:26:03,040 So like folks like ICO, Bread, Wally, these guys, not only are 425 00:26:03,040 --> 00:26:04,560 they at the top of the leaderboard, they're also 426 00:26:04,560 --> 00:26:06,360 talking about Kaido. So it's kind of a. 427 00:26:07,960 --> 00:26:09,920 Yeah, that's the thing I don't really get because some of these 428 00:26:09,920 --> 00:26:12,520 guys I see at the top, I'm like, I don't, I don't know if I've 429 00:26:12,520 --> 00:26:15,080 even heard of you, but maybe that's just me. 430 00:26:15,080 --> 00:26:18,200 Or is it like you have to get the top of the to get to the top 431 00:26:18,200 --> 00:26:20,520 of the Yap leaderboard? You kind of have to be talking 432 00:26:20,520 --> 00:26:24,000 about them as well. Like why I know Peter, for 433 00:26:24,000 --> 00:26:29,440 example, Peter, Peter, Peter Pan, he's he works with, I know, 434 00:26:29,640 --> 00:26:32,440 I know him like locally, but he's like 15th on this. 435 00:26:32,440 --> 00:26:35,440 And I'm like, I wouldn't have put him 15th, for example. 436 00:26:35,880 --> 00:26:38,240 So like, what? How can people game this? 437 00:26:38,240 --> 00:26:41,280 Like you just have to talk as much about Kaito as possible. 438 00:26:42,200 --> 00:26:45,600 Well, I, I think when you zoom out, so this is the six month 439 00:26:45,600 --> 00:26:47,320 rankings. I think this is a pretty 440 00:26:47,320 --> 00:26:53,600 accurate list of who you think would be some of the top shared 441 00:26:53,600 --> 00:26:56,560 folks in CT. You've got a XPT is new, but 442 00:26:56,560 --> 00:27:01,160 Mert, Vitalik Ansum, Jesse from Bass Murad, Brian Armstrong, 443 00:27:01,560 --> 00:27:08,440 like that feels like the right top 8 in some order just from 444 00:27:08,440 --> 00:27:12,680 the reach that I've seen on X. Now where it changes is if you 445 00:27:12,680 --> 00:27:17,760 zoom in and like, OK, like Wally was number 2 on like ICO was 446 00:27:17,760 --> 00:27:20,040 number four in the past week or so. 447 00:27:21,840 --> 00:27:25,280 And the way folks are gaming it to effectively, hey, you just 448 00:27:25,280 --> 00:27:26,880 talk a lot. There's a little bit of like 449 00:27:26,880 --> 00:27:30,920 reply, reply kind of similar to like Frintech 33, all that. 450 00:27:33,080 --> 00:27:35,920 It's just sharing relevant content on a variety of 451 00:27:35,920 --> 00:27:38,840 different crypto Twitter topics. So basically it's like keyword. 452 00:27:39,400 --> 00:27:42,360 So like you're talking about crypto AI, you've got the crypto 453 00:27:42,440 --> 00:27:44,360 AI words there. If you're talking about tickers 454 00:27:44,360 --> 00:27:46,720 and you've got the tickers in your posts, it's just it's all 455 00:27:46,720 --> 00:27:47,640 that. There's a little bit of a game 456 00:27:47,640 --> 00:27:50,480 to it and some people just aren't playing the game and 457 00:27:51,040 --> 00:27:52,960 they're not going to score as well, right? 458 00:27:53,600 --> 00:27:56,800 Now I'm just I'm just trying to judge this versus the other one, 459 00:27:57,800 --> 00:28:00,000 fantasy top. Like I felt like the fancy top 460 00:28:00,000 --> 00:28:03,560 leaderboards. I I kind of felt like that I 461 00:28:03,560 --> 00:28:05,560 understood this, that leaderboard a lot better than 462 00:28:05,720 --> 00:28:07,800 than this one. So I'm just trying to work out 463 00:28:07,800 --> 00:28:09,320 how to. They're different. 464 00:28:09,320 --> 00:28:13,400 I think fancy top is is pure. How much? 465 00:28:13,640 --> 00:28:15,960 How many impressions are you getting per follower count 466 00:28:16,040 --> 00:28:19,640 effectively? So you and I got the same number 467 00:28:19,640 --> 00:28:21,040 of impressions. I'm going to be ahead of you 468 00:28:21,040 --> 00:28:24,760 because you've got more followers than me, whereas Kaido 469 00:28:24,760 --> 00:28:27,680 is more. They've got a secret sauce algo 470 00:28:27,680 --> 00:28:29,840 and it depends on which topics you're talking about. 471 00:28:31,360 --> 00:28:35,160 Video's not rewarded and I think retweets aren't counting as 472 00:28:35,160 --> 00:28:36,560 much. So there's like a there's a 473 00:28:36,560 --> 00:28:38,560 little bit of nuance to it. Wow. 474 00:28:38,600 --> 00:28:39,880 So. Video's not rewarded. 475 00:28:42,200 --> 00:28:44,680 I don't it, it has not been. I think they're trying to figure 476 00:28:44,680 --> 00:28:47,000 out how to change that. But that makes sense because 477 00:28:47,000 --> 00:28:49,240 they they do like keyword text scraping. 478 00:28:49,880 --> 00:28:51,400 So how are they going to scrape a video? 479 00:28:52,080 --> 00:28:54,400 No, I just thought for like engagement they might they might 480 00:28:54,400 --> 00:28:56,080 script a video. And that's why folks like 481 00:28:56,080 --> 00:28:58,360 Clemente have been like wrecked by this, because Clemente gets 482 00:28:58,360 --> 00:29:02,200 all his engagement via these videos just aren't getting 483 00:29:02,200 --> 00:29:05,560 picked up by this at all. Yeah, Yeah, yeah. 484 00:29:06,080 --> 00:29:07,440 OK, cool. All right. 485 00:29:07,480 --> 00:29:14,000 So if you want to make money on this, is it too late or what? 486 00:29:14,040 --> 00:29:15,160 What about the NFTS? What? 487 00:29:15,160 --> 00:29:17,680 Why do people, why do those just keep on going higher? 488 00:29:20,360 --> 00:29:25,520 The NFTS are tied to the AirDrop, so I think folks think 489 00:29:25,520 --> 00:29:27,960 that they will have Oh my God, they're 80s now. 490 00:29:28,160 --> 00:29:30,720 Wow. So this is arguably one of the 491 00:29:30,720 --> 00:29:37,680 best performing NFTS of 2025. Folks think they're going to get 492 00:29:37,680 --> 00:29:42,000 a block of tokens for this. They also just got rewarded with 493 00:29:42,000 --> 00:29:45,160 a block of votes. So if monetizing votes becomes a 494 00:29:45,160 --> 00:29:48,960 thing, again, folks who own these entities might be able to 495 00:29:48,960 --> 00:29:51,440 get that. I think as a call to action. 496 00:29:52,520 --> 00:29:56,320 The reality is it like if you want to grow your ex account, 497 00:29:56,320 --> 00:29:58,240 like you should be kind of doing this already. 498 00:29:58,240 --> 00:30:01,160 You should pick niches and try to become like a thought leader 499 00:30:01,160 --> 00:30:02,920 in that and share content around it. 500 00:30:03,680 --> 00:30:07,240 And now Kaido is just bucketing that and making it easier for 501 00:30:07,240 --> 00:30:11,920 folks to discover you. So I just say just start, start 502 00:30:11,920 --> 00:30:14,240 creating content. Find a project or a sector that 503 00:30:14,240 --> 00:30:16,640 you like and care about, just grind it. 504 00:30:17,200 --> 00:30:19,320 And then if you really want to play the game, you can get into 505 00:30:19,320 --> 00:30:21,080 the reply reply stuff. But that that's a little bit 506 00:30:21,080 --> 00:30:23,960 less interesting to me and I don't think that has legs, but 507 00:30:25,560 --> 00:30:29,040 that would be my advice. So what this really now means is 508 00:30:29,040 --> 00:30:33,000 that for any new AirDrop, people are going to be talking about it 509 00:30:33,000 --> 00:30:36,600 just an unbelievable amount. Correct, I think there was also 510 00:30:36,600 --> 00:30:40,440 some negative feedback about the anime leaderboard that it was 511 00:30:40,440 --> 00:30:41,920 folks who didn't really care about anime. 512 00:30:41,920 --> 00:30:46,720 Like they were clearly just grinding anime content for free 513 00:30:46,960 --> 00:30:49,160 apps. This kind of feels like a moment 514 00:30:49,160 --> 00:30:53,120 where I say I'm tired like you know like my timeline is going 515 00:30:53,120 --> 00:30:55,800 to be full of like you should buy an anime coin is going to be 516 00:30:55,800 --> 00:30:59,040 the next big thing. Anime coin drops 90% and and 517 00:30:59,040 --> 00:31:02,400 some people get like 2K worth of anime coin for it. 518 00:31:03,200 --> 00:31:05,560 My timeline is going to be trash if this continues. 519 00:31:05,960 --> 00:31:09,120 Every single air drops going to be hyped to oblivion. 520 00:31:09,840 --> 00:31:13,920 Yeah, we'll see. I, I, I think that's a fair 521 00:31:13,920 --> 00:31:16,520 reaction. At the same time I I don't I 522 00:31:16,520 --> 00:31:19,560 haven't seen my timeline get totally destroyed with with 523 00:31:19,560 --> 00:31:22,160 people. Yeah, now they've incentivized 524 00:31:22,160 --> 00:31:23,160 people. You're right. 525 00:31:23,160 --> 00:31:26,040 So now the Bear Chain and the anime, perhaps that that has 526 00:31:26,040 --> 00:31:30,360 changed a little bit, but so. What are the new what are the 527 00:31:30,360 --> 00:31:32,680 new air drops are meant to be yapping about Tyler? 528 00:31:33,080 --> 00:31:36,520 It's a good question. Mega ETH. 529 00:31:37,520 --> 00:31:38,560 For sure. Oh. 530 00:31:39,000 --> 00:31:41,360 My goodness, I'm a mega ETH influencer. 531 00:31:41,520 --> 00:31:44,360 I'm moving on from Radium. I am now the number one mega ETH 532 00:31:44,440 --> 00:31:46,520 influencer across all geographies. 533 00:31:51,840 --> 00:31:54,880 Yeah, yeah, looks like I. He broke it. 534 00:31:54,960 --> 00:31:57,960 I broke Kaido here for a second, but yeah, meggie's going to be a 535 00:31:57,960 --> 00:32:02,440 big one on that note. So Mega ETH did start there. 536 00:32:03,320 --> 00:32:07,040 Let's get my apps in mega ETH. Their their day one mint for the 537 00:32:07,080 --> 00:32:10,600 for guaranteed starts today. First come first serve is 538 00:32:10,600 --> 00:32:12,160 tomorrow. It's going to be RNG. 539 00:32:12,160 --> 00:32:14,120 It doesn't look like they shared who won. 540 00:32:15,280 --> 00:32:17,600 So folks are going to have to look out for that and perhaps 541 00:32:17,600 --> 00:32:21,520 just be ready to mint tomorrow. But there's going to be a lot of 542 00:32:21,520 --> 00:32:24,000 demand for those. So so go check that out. 543 00:32:24,000 --> 00:32:25,480 We had bread guy on the show last week. 544 00:32:25,480 --> 00:32:28,880 If folks missed that, maybe catch the the replay there. 545 00:32:29,360 --> 00:32:30,880 Maybe time for a thread, You know what I mean? 546 00:32:33,320 --> 00:32:35,720 Look out for my thread later on Mega Ethan. 547 00:32:35,720 --> 00:32:38,400 Everything that you need to know with a lot of hashes. 548 00:32:38,960 --> 00:32:44,000 Kill me now. And tickers, I think we, I think 549 00:32:44,000 --> 00:32:45,640 we went around the whole kind of pretty well. 550 00:32:45,960 --> 00:32:48,240 Let's talk about the Portnoy stuff here. 551 00:32:48,240 --> 00:32:50,040 I think people are still interested in that. 552 00:32:50,040 --> 00:32:51,920 I don't know how much longer we'll be talking about it. 553 00:32:53,360 --> 00:32:55,480 We talked about the price action yesterday because this was all 554 00:32:55,480 --> 00:32:56,720 kind of breaking during the show. 555 00:32:56,720 --> 00:33:01,840 He did his Space or his David Day Trader show and basically 556 00:33:01,840 --> 00:33:07,600 called all of crypto Twitter mutants and he was donkey on 557 00:33:07,600 --> 00:33:10,680 Nick choose rich Nick. And then he said that he might 558 00:33:10,680 --> 00:33:12,840 still do his own coin market did not like that. 559 00:33:12,840 --> 00:33:16,760 Sold from 100 million to about 30 and then kind of chopped 560 00:33:16,760 --> 00:33:21,520 rebound and got back up to 5060 partially because he just keeps 561 00:33:21,560 --> 00:33:26,440 day trading and kind of running pump and dumps if I'm just, you 562 00:33:26,440 --> 00:33:28,400 know, being objective in what they are. 563 00:33:29,240 --> 00:33:34,560 So it started with this Fartnoi coin he bought, I forget the 564 00:33:34,560 --> 00:33:39,040 exact numbers, a huge chunk of it at a very low market cap. 565 00:33:39,720 --> 00:33:43,320 Tweeted about it token up running like 20 or 30 million. 566 00:33:43,920 --> 00:33:46,320 I was pretty shocked actually. Let's let's pull up the Fartnoi 567 00:33:46,360 --> 00:33:51,320 chart at, at how many people we're still copy training him 568 00:33:51,320 --> 00:33:53,800 after we, we knew his, his MO here. 569 00:33:53,800 --> 00:33:55,520 So yeah. So this thing, he bought it 570 00:33:55,520 --> 00:33:57,440 around here. He tweeted about it like right 571 00:33:57,440 --> 00:34:03,880 here and then ended up going to, I mean, it was at 15,000,000 for 572 00:34:03,880 --> 00:34:06,760 a decent chunk of time and looks like it peaked over 20 or so. 573 00:34:06,760 --> 00:34:11,560 And then unsurprisingly, it kind of just speed around to to zero 574 00:34:11,560 --> 00:34:14,520 there. Stats put out a tweet kind of 575 00:34:14,520 --> 00:34:16,280 summarizing what he's been doing. 576 00:34:16,280 --> 00:34:19,080 But yesterday it looks like Portnoy made he realized 577 00:34:19,080 --> 00:34:24,360 $550,000 of profit, effectively pump dumping Fartnoy, fart 578 00:34:24,360 --> 00:34:28,120 stool, Peach and and rug stool. So how do you That's why I 579 00:34:28,120 --> 00:34:29,679 didn't understand. He did sell some. 580 00:34:29,920 --> 00:34:32,960 He sold jail. Oh, no, sorry. 581 00:34:32,960 --> 00:34:35,400 There's a different one. Fart stool, Peach and rug stool. 582 00:34:35,400 --> 00:34:37,520 OK, Yeah. This is a weird thing. 583 00:34:37,520 --> 00:34:42,080 OK. Everyone I think knows. 584 00:34:42,920 --> 00:34:45,560 So this is this is almost just like going down to the casino 585 00:34:45,560 --> 00:34:47,920 and it's just a game of like, when is he going to sell? 586 00:34:47,920 --> 00:34:49,960 And hopefully I'll get out before he sells. 587 00:34:49,960 --> 00:34:54,600 Like he recognizes that he is just like a casino at this stage 588 00:34:55,239 --> 00:34:59,920 of a crash game, right? It's a crash game with Dave 589 00:34:59,920 --> 00:35:03,040 Portnoy, who decides when the crash is going to happen. 590 00:35:04,160 --> 00:35:05,680 And I think everyone's OK with it. 591 00:35:05,680 --> 00:35:07,880 Do you know what I mean? Like, are you? 592 00:35:08,240 --> 00:35:11,600 Yes, he's pumping and dumping. He knows he's pumping and 593 00:35:11,600 --> 00:35:13,600 dumping. Everyone else knows he's pumping 594 00:35:13,600 --> 00:35:15,400 and dumping and everyone's playing the game. 595 00:35:15,680 --> 00:35:17,680 So like, I'm just kind of sitting here looking at it and 596 00:35:17,680 --> 00:35:21,760 going like, like, if you want to play the game and it's, you 597 00:35:21,760 --> 00:35:25,320 know, which token is Dave going to buy today in the Crash game? 598 00:35:26,560 --> 00:35:28,760 Maybe they can. It's like, it's kind of sad 599 00:35:28,760 --> 00:35:32,080 because it's weird because people talk about meme coins and 600 00:35:32,080 --> 00:35:35,120 they talk about like, you know, we had something real going on. 601 00:35:35,120 --> 00:35:38,240 Like, it does feel as though we've now just like completely, 602 00:35:38,960 --> 00:35:43,120 we have completely gone down to just the bare bones of of Crash 603 00:35:43,120 --> 00:35:46,440 games. But people want to play those 604 00:35:46,440 --> 00:35:48,760 games, right? The Daily Runner, you can't hold 605 00:35:48,760 --> 00:35:52,480 a coin for more than an hour. Well, Dave Portnoy is going to 606 00:35:52,480 --> 00:35:57,160 do his Daily Crash game. So I think this can continue if 607 00:35:57,160 --> 00:36:01,840 he wants to continue it. I think I think it can continue 608 00:36:02,040 --> 00:36:03,880 continuingly. Like people will just be like, 609 00:36:03,880 --> 00:36:06,120 OK, well, we're going to play. We're going to play it with him 610 00:36:06,120 --> 00:36:09,040 again today. Maybe the game gets a little bit 611 00:36:09,040 --> 00:36:12,760 more boring with time, but maybe maybe it doesn't and maybe just 612 00:36:12,760 --> 00:36:15,280 keeps on selling them all and buying. 613 00:36:17,120 --> 00:36:21,360 Maybe jail still becomes the casino token of, of, of Dave 614 00:36:21,360 --> 00:36:22,680 Portnoy. Do you know what I mean? 615 00:36:22,680 --> 00:36:24,840 Like. That's the that's the lone 616 00:36:24,840 --> 00:36:28,120 remaining bull case for it actually, because he kind of 617 00:36:28,120 --> 00:36:30,280 said he was going to he was going to be rotating the profits 618 00:36:30,480 --> 00:36:31,920 back to jail. So I don't know that he's 619 00:36:31,920 --> 00:36:34,760 rotated all these profits back. I think stat says that in the 620 00:36:34,760 --> 00:36:35,880 post. I'd have to look into it. 621 00:36:35,920 --> 00:36:39,200 I think you're you're dead on. This is kind of just stripped 622 00:36:39,200 --> 00:36:45,760 away some of the like I'm blanking on the right word. 623 00:36:45,760 --> 00:36:50,240 But but the imagery that we had around this space about like 624 00:36:50,240 --> 00:36:52,880 people believing in something and communities forming and he's 625 00:36:52,880 --> 00:36:58,240 like, no, this is just pure rocket game and huge swaths of 626 00:36:58,240 --> 00:37:00,360 the market. So like, yeah, we're going to 627 00:37:00,360 --> 00:37:03,600 play rocket game with you, Dave. Yeah, that's what they're doing. 628 00:37:03,600 --> 00:37:05,080 It's like, I was shocked at this yesterday. 629 00:37:05,080 --> 00:37:08,600 So like the first few coins he did, he would tweet about it and 630 00:37:08,600 --> 00:37:10,720 then sell within like one or two minutes. 631 00:37:11,520 --> 00:37:14,600 So he he's mixed up his style. So he bought this one, He 632 00:37:14,600 --> 00:37:18,680 tweeted it and then he bought more and then he held onto it a 633 00:37:18,680 --> 00:37:20,680 little bit longer. So he he's changing the game. 634 00:37:20,720 --> 00:37:22,000 He's. Changing it up, you know, it's a 635 00:37:22,000 --> 00:37:24,120 different game today. Like he might hold it for a 636 00:37:24,120 --> 00:37:24,920 minute. He might. 637 00:37:25,560 --> 00:37:26,480 I think he knows what he's doing. 638 00:37:26,480 --> 00:37:28,560 Like there, there's one Reed that he just has. 639 00:37:28,640 --> 00:37:31,000 He's not thinking about this and he's just flying by the seat of 640 00:37:31,000 --> 00:37:32,680 his pants. There's another Reed that like 641 00:37:33,120 --> 00:37:37,280 he does know what he's doing. Oh, look, anyone with like five 642 00:37:37,280 --> 00:37:38,800 brain cells knows what they're doing here. 643 00:37:38,800 --> 00:37:42,960 Oh, I bought the coin. It's up like he like for this 644 00:37:42,960 --> 00:37:47,400 actually to be in my in my opinion, like not immoral. 645 00:37:47,520 --> 00:37:50,560 He has to understand what he's doing Like he has to understand 646 00:37:50,560 --> 00:37:53,440 that like he's not just he hasn't just got an infinite 647 00:37:53,440 --> 00:37:55,720 money glitch. He's just opened up a casino of 648 00:37:55,720 --> 00:38:00,040 a crash game of which he is the game, the game master. 649 00:38:00,800 --> 00:38:03,480 And that game may stop after a week before I get bored and move 650 00:38:03,480 --> 00:38:06,080 on to a new game. But like that game that he's set 651 00:38:06,080 --> 00:38:09,280 up, I don't know if it's necessarily immoral, if he's 652 00:38:09,280 --> 00:38:13,880 just if he's just doing that and he's saying this is the game and 653 00:38:13,880 --> 00:38:18,360 I will be buying, I'll be buying this casino token with the 654 00:38:18,360 --> 00:38:21,040 profits. But if he if he honestly thinks 655 00:38:21,200 --> 00:38:25,680 he is trading, then then yeah, that's, that's just like you 656 00:38:25,680 --> 00:38:27,120 have to have less than five brain cells. 657 00:38:27,520 --> 00:38:29,960 I went through like the full cycle of emotion, emotional 658 00:38:29,960 --> 00:38:32,640 responses to what he was doing. Early on I thought it was 659 00:38:32,640 --> 00:38:34,720 perhaps a little bit more immoral, but now I'm kind of 660 00:38:34,720 --> 00:38:37,040 with you that like this is the game. 661 00:38:39,000 --> 00:38:41,240 Maybe the first, first or second time you didn't know what the 662 00:38:41,240 --> 00:38:43,280 rules of the game were and now we know the rules of the game. 663 00:38:43,360 --> 00:38:46,720 It's like if you're playing like you're playing the slot machine, 664 00:38:47,520 --> 00:38:50,320 you're playing the rocket game and you're going to try to get 665 00:38:50,320 --> 00:38:52,760 out. What shocked me yesterday was I 666 00:38:52,920 --> 00:38:55,560 I saw this, I didn't buy in, I was just watching it. 667 00:38:56,640 --> 00:39:00,160 When he first bought in, this thing had about 1000 holders and 668 00:39:00,160 --> 00:39:04,040 then it shot to 20,000 holders in about 15 to 30 minutes. 669 00:39:04,760 --> 00:39:07,280 So it's not like a couple of people are are playing the game. 670 00:39:07,360 --> 00:39:10,960 20,000 people are playing the Rocket game along with Dave 671 00:39:10,960 --> 00:39:14,960 Feel. Like the the move maybe that 672 00:39:14,960 --> 00:39:18,560 every time he play, he buys another coin. 673 00:39:18,960 --> 00:39:21,360 You're meant to buy jail stool, right? 674 00:39:22,680 --> 00:39:25,040 Because because then it's not the rocket game. 675 00:39:25,040 --> 00:39:27,440 Like you know, he's going to buy that one in the future at some 676 00:39:27,440 --> 00:39:29,600 stage. So. 677 00:39:30,280 --> 00:39:34,440 That was part of the the, the the game theory yesterday, yeah. 678 00:39:35,240 --> 00:39:37,000 There's not much volatility there really, is there? 679 00:39:37,000 --> 00:39:38,680 So maybe people are just getting bored with it. 680 00:39:38,960 --> 00:39:41,040 I think people are starting to get a little bored with it and 681 00:39:41,040 --> 00:39:43,880 it's just not his bias. Just aren't pumping it enough 682 00:39:44,160 --> 00:39:46,680 for whatever reason. Kind of reminds you of like wolf 683 00:39:46,680 --> 00:39:47,920 game. Do you know what I mean? 684 00:39:48,040 --> 00:39:52,080 It's like, do you want to own a wolf or do you want to own a 685 00:39:52,080 --> 00:39:54,600 sheep? And like the sheep are fun as 686 00:39:54,600 --> 00:39:58,200 the game continues and maybe they can go up and then like 687 00:39:58,200 --> 00:40:00,640 everyone's like, oh, the wolf is making this much yield every 688 00:40:00,640 --> 00:40:02,560 single day. And then one day everyone just 689 00:40:02,560 --> 00:40:06,680 stops playing wolf game. So yeah, I don't know. 690 00:40:06,720 --> 00:40:09,120 But that's what I guess everyone's continue can continue 691 00:40:09,120 --> 00:40:13,480 for like a few more days, weeks. Like whenever the game gets 692 00:40:13,480 --> 00:40:17,320 boring, we move on. Yeah, it's aided by the fact 693 00:40:17,320 --> 00:40:20,600 that a lot of the like trenches influencers are, are telling 694 00:40:20,600 --> 00:40:24,320 their followers that we are in an aggressive rotator market, 695 00:40:25,800 --> 00:40:29,520 that you shouldn't hold anything for more than a few hours. 696 00:40:30,080 --> 00:40:32,120 I love that tweet from Razmere yesterday. 697 00:40:32,640 --> 00:40:35,120 This is why I say not to hold coins long term. 698 00:40:35,120 --> 00:40:37,560 Like the coin had lasted for like 12 hours. 699 00:40:39,040 --> 00:40:41,360 And like rightfully or wrongfully. 700 00:40:41,600 --> 00:40:44,960 I liked it if. That's what this market is. 701 00:40:45,440 --> 00:40:47,240 Then why not just go play rocket game with Dave? 702 00:40:47,920 --> 00:40:49,880 Yeah. Right, it's the exact same 703 00:40:49,880 --> 00:40:52,840 thing, but at least you know who's who the it's Dave run the 704 00:40:52,840 --> 00:40:56,880 show and not the Cabal, you know, behind half of these 705 00:40:56,880 --> 00:40:59,160 tokens at this point. And perhaps you know a little 706 00:40:59,160 --> 00:41:00,960 bit more. You can just try to get a read 707 00:41:01,320 --> 00:41:04,520 on what he might be doing. So I don't know that that's the 708 00:41:04,520 --> 00:41:07,640 state of the the trenches right now. 709 00:41:08,760 --> 00:41:11,640 We will. We'll certainly see how long it 710 00:41:11,640 --> 00:41:14,720 lasts. I think that's most of the 711 00:41:14,720 --> 00:41:18,080 stories from yesterday. Just a quick roundup of a few 712 00:41:18,080 --> 00:41:21,200 others. So this story protocol, they're 713 00:41:21,200 --> 00:41:25,520 going to do their IP token TGE that's coming on Thursday. 714 00:41:26,240 --> 00:41:30,640 Notably this IP token on on Bibit premarket. 715 00:41:30,640 --> 00:41:32,480 So Bibit is one of their listing partners. 716 00:41:32,920 --> 00:41:37,760 It was trading at 375 this morning, which I believe equates 717 00:41:37,760 --> 00:41:42,120 to 3.75 billion FTB I. Mean we're not going to play the 718 00:41:42,120 --> 00:41:45,840 FTB game with story post code. This thing has been done like 10 719 00:41:45,840 --> 00:41:50,760 different funding rounds and let's see, let's see where the 720 00:41:50,760 --> 00:41:54,800 chips lie a week after launch. Chip lies. 721 00:41:55,400 --> 00:41:58,080 We'll see if they reward any other Kaido yappers as well. 722 00:41:59,760 --> 00:42:01,600 Time for a thread. Time for that. 723 00:42:02,200 --> 00:42:04,360 We are going to roast them to the ground. 724 00:42:05,480 --> 00:42:08,600 Crypto Twitter, this is your warning protocols. 725 00:42:09,080 --> 00:42:12,960 Give us the tokens or else. Oh my goodness. 726 00:42:13,000 --> 00:42:15,840 I don't know if I can deal with, I don't think I can deal with 727 00:42:15,840 --> 00:42:19,800 five months of people telling me that Kaito is the next big thing 728 00:42:20,080 --> 00:42:24,440 and then threads about different air drops as we just go sideways 729 00:42:24,440 --> 00:42:27,560 and then when the air drop comes out, it drops 90% and we move on 730 00:42:27,560 --> 00:42:30,800 to the next one. Yeah, we're we're starting to 731 00:42:30,800 --> 00:42:32,720 see that set up. Let's hope it doesn't last like 732 00:42:32,720 --> 00:42:35,400 that. The other story we talked about 733 00:42:35,440 --> 00:42:42,080 AI, but Reid Hoffman, Co founder of LinkedIn, endorsed the Y&E 734 00:42:42,520 --> 00:42:46,760 project yesterday. So if folks aren't familiar, 735 00:42:46,760 --> 00:42:51,760 Y&E, Matt Schlit is the founder behind that is an AI agent 736 00:42:51,760 --> 00:42:56,200 that's auditing all scientific research and they have this this 737 00:42:56,200 --> 00:43:01,960 Y&E token component as well. And re commenting that he thinks 738 00:43:01,960 --> 00:43:05,200 this is a great use case of not only an AI agent, but the the 739 00:43:05,200 --> 00:43:07,840 token to provide a tangible public good. 740 00:43:08,840 --> 00:43:12,080 So I thought that was an interesting one and it it just 741 00:43:12,080 --> 00:43:14,600 does highlight a that there people are like serious people 742 00:43:14,600 --> 00:43:16,640 are paying attention to this, right? 743 00:43:16,680 --> 00:43:19,000 Now, yeah, I would say that's that's true. 744 00:43:19,080 --> 00:43:23,960 I mean, Reed Hoffman is, is, I would say he's like less in 745 00:43:23,960 --> 00:43:26,440 vogue right now because obviously he's like way more 746 00:43:26,440 --> 00:43:30,280 Democrat and and, you know, various stories about him. 747 00:43:30,640 --> 00:43:34,040 But the but yeah, it's interesting to see that like 748 00:43:34,080 --> 00:43:37,360 maybe crypto is becoming a bit more accepted from the Silicon 749 00:43:37,360 --> 00:43:40,960 Valley elite. Maybe I would not have expected 750 00:43:40,960 --> 00:43:42,080 him to be looking at this project. 751 00:43:42,800 --> 00:43:46,480 Yeah, so we saw a nice pump. I'm actually, I need to dive 752 00:43:46,480 --> 00:43:49,760 into this myself. I'm not exactly clear like where 753 00:43:49,760 --> 00:43:55,480 the token comes in and like why? Let me start you right there. 754 00:43:55,560 --> 00:43:59,520 It's time for a thread. Here's why. 755 00:43:59,520 --> 00:44:01,240 Reid Hoffman endorsing The Wire, Reid. 756 00:44:04,840 --> 00:44:07,560 So we, yeah, I mean, off the bottom it was 24. 757 00:44:07,560 --> 00:44:09,600 So I did about two X off the bottom and sold off a little 758 00:44:09,600 --> 00:44:11,200 bit. Not not a huge surprise. 759 00:44:13,720 --> 00:44:15,400 Yeah. It's kind of similar to like an 760 00:44:15,400 --> 00:44:18,680 arc chart ran a little bit later than some of the others. 761 00:44:19,040 --> 00:44:23,200 The exact same pullback. Now we'll see if it's able to. 762 00:44:23,680 --> 00:44:26,400 Is this AI though? It felt a bit more like it felt 763 00:44:26,400 --> 00:44:28,560 a bit more Desai as a coin, right? 764 00:44:32,400 --> 00:44:33,720 Oh, it is Desai. Yeah. 765 00:44:33,760 --> 00:44:37,000 Wow. Yeah, it's a Desai AI agent. 766 00:44:37,000 --> 00:44:41,120 That's what it is. It's been to like reward people 767 00:44:41,120 --> 00:44:44,440 for for like getting better scientific papers. 768 00:44:45,320 --> 00:44:48,360 But you know, like I said, doesn't really matter at this 769 00:44:48,360 --> 00:44:50,800 stage. We don't really talk about Desai 770 00:44:52,400 --> 00:44:57,520 after the mosquito experiments. What happened? 771 00:44:57,880 --> 00:45:00,520 What happened? To those those those those coins 772 00:45:00,520 --> 00:45:02,920 like the biggest D side coins. Let's let's. 773 00:45:03,160 --> 00:45:04,720 I think I sold my watch list. Let's. 774 00:45:05,600 --> 00:45:08,240 Oh you still have a watch list for them top D side? 775 00:45:09,160 --> 00:45:11,840 So RSC was a real 1. I think that's the one tied to 776 00:45:11,840 --> 00:45:14,920 like the Coinbase background. RSC is is the is the one that I 777 00:45:14,960 --> 00:45:17,680 I felt like was was legit all right. 778 00:45:18,160 --> 00:45:21,760 What was the one that was like named after a drug? 779 00:45:23,040 --> 00:45:25,960 Then and Eurolithin, those were the two ones. 780 00:45:26,640 --> 00:45:29,360 Yeah, Jesus. This one went to like 200 781 00:45:29,360 --> 00:45:30,480 million. Yeah, yeah. 782 00:45:31,120 --> 00:45:33,360 That was not That was not a pretty lot. 783 00:45:34,120 --> 00:45:35,360 It's down seven. Wow. 784 00:45:35,920 --> 00:45:38,640 Yeah, those are some nasty wigs. I'll. 785 00:45:40,320 --> 00:45:41,760 I'll, I'll pat myself on the back. 786 00:45:41,760 --> 00:45:44,440 As soon as the mosquitoes died, I sold these tokens and it was 787 00:45:44,440 --> 00:45:49,840 the, it's my best story of the year. 788 00:45:50,960 --> 00:45:52,640 Yeah. So euro had 100 million. 789 00:45:53,840 --> 00:45:56,760 That was that was P, that was P slopping. 790 00:45:56,840 --> 00:45:58,960 I felt like when these coins started coming out. 791 00:45:59,680 --> 00:46:01,920 These were a little bit more large, which I think did 792 00:46:01,920 --> 00:46:05,560 actually hurt perhaps some of the more real D side tokens out 793 00:46:05,560 --> 00:46:07,760 there. Like. 794 00:46:09,480 --> 00:46:11,520 Like research coin, right? Like that's more of a realistic, 795 00:46:11,520 --> 00:46:14,120 like that's a. This one is, is similar to this 796 00:46:14,160 --> 00:46:18,600 Y&E coin and that it like rewards for better scientific 797 00:46:18,600 --> 00:46:21,600 research. I think it's a peer review. 798 00:46:21,600 --> 00:46:23,520 It rewards people for peer review. 799 00:46:23,560 --> 00:46:25,240 I'm pretty sure that's how it's built, right? 800 00:46:25,240 --> 00:46:27,760 Because it's like an issue about peer review and, and the fact 801 00:46:27,760 --> 00:46:29,760 that like no one does it. So it's meant to be a coin, 802 00:46:29,760 --> 00:46:32,520 which like makes people do peer review better. 803 00:46:34,520 --> 00:46:37,400 It's it's probably interesting. I don't know if it's like worth 804 00:46:38,280 --> 00:46:39,640 wow. It's worth 400. 805 00:46:40,040 --> 00:46:44,000 Wow, that that seems high to me from what it is. 806 00:46:44,000 --> 00:46:46,360 But like, yeah, I guess, I guess 500 million. 807 00:46:47,480 --> 00:46:49,080 I don't even know why I'm trying to make sense of that. 808 00:46:49,080 --> 00:46:53,440 But but yeah, that one does have some legit aims for it in that 809 00:46:53,440 --> 00:46:57,480 it's been to improve scientific research by giving various 810 00:46:57,480 --> 00:47:03,240 different people that would peer review a paper like incentivized 811 00:47:03,240 --> 00:47:06,280 maybe that moves to AI. Like maybe, yeah, maybe maybe AI 812 00:47:06,280 --> 00:47:08,480 peer review is kind of where we're going actually does feel 813 00:47:08,480 --> 00:47:11,120 like. Yeah, Well, that makes sense. 814 00:47:11,680 --> 00:47:14,960 Yeah. You used deep research at all? 815 00:47:15,320 --> 00:47:17,520 Yeah, Amanda. What is deep research? 816 00:47:17,520 --> 00:47:20,400 Sorry. Deep Research is the new agent 817 00:47:20,400 --> 00:47:27,040 from Open AI that is meant to be like your college level research 818 00:47:27,040 --> 00:47:31,480 analyst who will give you a full like 5 page research report on 819 00:47:32,040 --> 00:47:35,600 on your topic of choice. I haven't, but I've heard a lot 820 00:47:35,600 --> 00:47:37,600 about it, you know, because I've heard a lot of people are doing 821 00:47:37,600 --> 00:47:40,680 it, associating, associating it with medical stuff. 822 00:47:41,080 --> 00:47:44,960 So like people have who have what was it? 823 00:47:44,960 --> 00:47:48,360 I was listening to somebody who was talking about how maybe his 824 00:47:48,360 --> 00:47:52,040 wife had had cancer and they, they'd asked, they'd uploaded 825 00:47:52,040 --> 00:47:56,120 all her data and they'd like asked it should she be doing 826 00:47:56,120 --> 00:48:00,040 radio, radio radiotherapy after chemo. 827 00:48:00,480 --> 00:48:05,200 And it presented A5, like A5 page report on that. 828 00:48:07,600 --> 00:48:10,680 And I think that that's pretty, that's pretty unique. 829 00:48:10,720 --> 00:48:13,120 That's pretty cool. Like it does, It does seem to me 830 00:48:13,120 --> 00:48:15,640 that even if you like you prefer, which I think most 831 00:48:15,640 --> 00:48:19,280 people would agree with at this stage, like that you're speaking 832 00:48:19,280 --> 00:48:21,880 to a doctor about your medical advice. 833 00:48:21,880 --> 00:48:25,440 Like just to have, there's no doubt in my mind that those 834 00:48:25,440 --> 00:48:28,760 those doctors are not reading like papers every single night. 835 00:48:30,440 --> 00:48:33,800 So it feel like they're not, they're not finishing their 836 00:48:33,800 --> 00:48:36,080 shift and then going home reading 12 hours worth of 837 00:48:36,480 --> 00:48:38,760 research papers. So having someone like this 838 00:48:38,760 --> 00:48:41,000 makes you I think a bit more informed about those questions. 839 00:48:41,000 --> 00:48:45,440 And I think often I think the main question when it comes to 840 00:48:45,440 --> 00:48:49,240 medical stuff is also like probabilities, like what is the 841 00:48:49,240 --> 00:48:52,120 chance that I'll get this? I actually think that often 842 00:48:52,520 --> 00:48:54,320 doctors don't do great about that. 843 00:48:55,200 --> 00:48:57,440 Whereas I think some of these people will be able to come up 844 00:48:57,440 --> 00:49:01,720 with better like probabilities or probability weighted kind of 845 00:49:01,720 --> 00:49:03,200 estimates of different things you should do they'll. 846 00:49:04,360 --> 00:49:07,600 Definitely, they'll have their role 100% and they're just going 847 00:49:07,600 --> 00:49:10,520 to get better. So I asked it to a handful of 848 00:49:10,520 --> 00:49:12,640 crypto questions. One, I asked it to compare and 849 00:49:12,640 --> 00:49:16,840 contrast Ethereum and Solana's Q4 and prevent and present an 850 00:49:16,840 --> 00:49:20,600 investment thesis. Overall, I was pretty impressed 851 00:49:21,000 --> 00:49:25,160 with the level of analysis it did as well as the recent news 852 00:49:25,160 --> 00:49:27,280 and information it was able to to bubble up. 853 00:49:27,760 --> 00:49:31,400 But what I will say is you can't trust everything it says. 854 00:49:31,400 --> 00:49:37,720 So like it it said that Ethereum is likely to get an ETF in 2025, 855 00:49:38,320 --> 00:49:40,920 but doesn't have one yet. So like it, it missed like a big 856 00:49:40,920 --> 00:49:43,440 rock question. The other one I asked it was to, 857 00:49:43,440 --> 00:49:46,720 to summarize the current state of the crypto AI sector and 858 00:49:46,720 --> 00:49:50,160 actually did kind of and nailed the use cases and nailed most of 859 00:49:50,160 --> 00:49:52,840 the, the leaders. So it feels like it's got a 860 00:49:52,840 --> 00:49:54,480 better handle. And this was that. 861 00:49:54,640 --> 00:49:55,960 So I didn't have to feed it any sources. 862 00:49:55,960 --> 00:49:59,000 So it's just sourcing from the open web. 863 00:50:00,120 --> 00:50:02,360 So I think that's one of the step level improvements here. 864 00:50:02,360 --> 00:50:06,720 But again, you can't, you can't give it 100% trust, but it's 865 00:50:07,480 --> 00:50:10,400 it's making a lot of progress. Yeah, I've actually been very 866 00:50:10,400 --> 00:50:15,080 impressed around Open AI just asking questions about crypto 867 00:50:15,080 --> 00:50:17,200 recently. I've asked a number of questions 868 00:50:17,200 --> 00:50:21,960 about crypto relevant like stuff right now being like, oh, like 869 00:50:21,960 --> 00:50:24,640 which coins you think are interesting, like why, like 870 00:50:24,640 --> 00:50:26,640 which and it's kind of up to date. 871 00:50:26,960 --> 00:50:33,760 So I found it better than grok. Grok I tend to find has gives me 872 00:50:33,760 --> 00:50:39,120 like some random tweet with like a lot of engagement that often 873 00:50:39,120 --> 00:50:45,440 is like like either been bot farmed or is either conspiracy 874 00:50:45,440 --> 00:50:49,000 theory or like I I haven't found Grok that useful compared to to 875 00:50:49,600 --> 00:50:53,480 open AI. Yeah, I think that makes sense. 876 00:50:54,040 --> 00:50:55,640 For better worse I got, I don't use rock. 877 00:50:56,200 --> 00:50:58,160 It's just not in my like daily process. 878 00:50:58,160 --> 00:51:01,080 I haven't really interacted with it too much. 879 00:51:01,480 --> 00:51:06,600 It's mainly using Twitter as it's it like a lot for a lot of 880 00:51:06,600 --> 00:51:11,600 it's a lot of it's data, right? So like it can get some really 881 00:51:11,600 --> 00:51:14,800 like if you think open AI gets stuff wrong, Grok gets stuff 882 00:51:14,800 --> 00:51:17,160 wildly off. Yeah, wildly. 883 00:51:18,440 --> 00:51:22,680 What'll be interesting is when like if and when these agents 884 00:51:22,680 --> 00:51:24,120 can start doing their own analysis. 885 00:51:24,120 --> 00:51:25,960 So like even in the reports, like it was basically just 886 00:51:25,960 --> 00:51:31,480 servicing like what Massari had just said or what Blockworks had 887 00:51:31,480 --> 00:51:33,800 written about, right? So you still need someone 888 00:51:34,080 --> 00:51:36,480 creating the foundation for all this. 889 00:51:36,480 --> 00:51:40,200 And it's just bubbling it up. Hey, maybe we haven't lost our 890 00:51:40,200 --> 00:51:43,200 jobs just yet because someone still has to be writing this 891 00:51:43,200 --> 00:51:46,160 stuff. We'll we'll see for how much 892 00:51:46,160 --> 00:51:50,040 longer that that lasts. But folks, I think we went 893 00:51:50,040 --> 00:51:54,080 around the horn today, covered all the topics on my list. 894 00:51:54,080 --> 00:51:56,000 I think we can look to wrap it up. 895 00:51:56,000 --> 00:51:59,640 That'll be our show. 1 of thanks to our listeners as always for 896 00:51:59,640 --> 00:52:02,000 tuning in. Thanks to our partners. 897 00:52:02,000 --> 00:52:04,000 Thanks to Amanda for posting the show with me. 898 00:52:04,000 --> 00:52:07,360 We will be back tomorrow at 10:00 AM Eastern. 899 00:52:07,360 --> 00:52:10,640 Quick plug, Underexposed will be coming at You Live in one hour 900 00:52:10,920 --> 00:52:13,400 at 12:00 PM Eastern. We're going to go deep into the 901 00:52:13,400 --> 00:52:15,440 port noise saga. Going to get Peter and Deez's 902 00:52:15,440 --> 00:52:17,440 thoughts on that as well as Jeebs. 903 00:52:17,440 --> 00:52:21,440 So if you want more content, check that out, but until then, 904 00:52:21,520 --> 00:52:23,600 we'll see you tomorrow. Go make today a great day. 905 00:52:23,920 --> 00:52:24,120 Goodbye.