Right. We are live, but we're doing a
slightly different format. We're thinking maybe 4 Co hosts
now. Cook is going to be joining us
as as kind of a permanent Co host.
We're thinking for the for the foreseeable future unless it's
goal and we're just going to try to keep it a bit more views
based but more interactive with the audience, less guests.
We kind of felt like the guest interviews was was really me
just interviewing a guest and then OSF eating a sandwich in
the background. So we're going to kind of change
it up a little bit, have have some views on stuff of the week
and we kind of felt like Cook is one of the best people to have
that going forward. So OSF unfortunately is on a
flight to LA for the wrecks the wrecked event.
Likely story. Likely story.
So a great first week for him, but it's great to have you cook
if you're by the way, we are also on Kik, so go check us out
on Kik All video for the show. Going forward, we'll be on Kik.
We will also be linking the prizes at the end of each show.
Remember, we're giving out nearly a $5000 a show to people.
So a huge, huge show in terms of prizes if you follow us on Kik
and you I've signed up the under the wrecked radio account.
We'll pick someone from there. But yeah, cool.
Great to have you. We turned you from a a regular
guest into a bit of a Co host so.
I, I love it. I'm extremely happy to be here.
Thanks for letting me hide behind the cartoon.
It's a little awkward with like the body language cues, but I'll
figure it out. But no, this is really cool
because I used to host the spaces like peak bear market
when there was nothing going on and I just wanted to stay close
to crypto. I host the spaces every morning
for like an hour or two. And I really miss being able to
talk about crypto. Like all spaces were just kind
of garbage. And I don't know, I tried to
host one focused on crypto and markets and yeah, you guys are
like the goats, right? So you you're very smart and
like, it's cool. I'm excited to talk about
everything regularly. Very good.
Me too. I'm actually I'm actually we
were talking about in the back. That was that's me.
Sorry. We were talking about in the
back that we just like we prefer this sort of a show like it gets
us a bit more talking about the stuff of the week.
So I think that's what it's going to be.
I think the first stuff really to talk about is, is kind of
what's going on in markets at the moment, which is this
Israel, Iran, World War 3. Will they won't they sort of
drama going on feels like crypto is just getting Newt
metaphorically versus every everything else like macro is
not really moving gold hasn't really moved it's just altcoins
which are getting smashed lower Bitcoin dominance of 65%.
Like what do you think of all this?
Do you think this is just always buy wall in crypto like a?
Man, I'm a, I'm a permable, like just by nature and I'm, I'm
mostly like just kind of a long only trader.
And so yeah. And I, I always think war is
bullish just like for a few reasons.
The headlines are going to create Fips.
It's a buying opportunity. They're going to print money,
right? Like war means money printing
and debasement. And so Bitcoin will go up a lot.
Stocks will go up a lot time frame uncertain.
So I, I like, for me it feels like most of the headline risk
is over. Like we've probably seen the
worst unless something crazy happens, but in that case I say
just by the dip anyways. Will I try to like time a short
or anything like that? That's not really my style of
trading, but I'm optimistic. And I think again, I'm always
biased on this kind of stuff. Like, but FOMC is today, right?
Like what, 2 hours or something? And we're going to get a dot
plot and like there's all this mayhem in the world.
So he's got to be dovish, right? Like the press conference is
probably going to go, well, I don't know, like I'm again, I
kind of, I'm not making massive trades around this.
I just take entries on stuff I want to own anyways when the
headlines create the volatility, which I think the worst is past.
If I'm going on what Trump, like Trump might like to make a deal.
I don't know if it escalates in this period where he's now
saying, oh, there could be a deal.
Like I feel as though they'll still be like in trading
missiles and stuff. But I feel as though you've at
least got a period here where probably it doesn't escalate for
a few days. And I think it could, yeah, we
could have a little bit of a rally.
I I, you know what I've been doing recently though, I've
literally just been going on to polymarkets.
This is a bit of alpha right here.
Polymarket E morning. You actually get a much better
fucking view about the probability of stuff happening
versus not. It's still a 61% chance of U.S.
military action against Iran before July.
So it's still like kind of in this 5050 odds on the comments
earlier it went down to like 48%, but then it's gapped back
up so. Wasn't it like 80 yesterday?
It went. Did it go down today?
A bit. It went to 75, I think at one
stage yesterday. So yeah, this is was the highs,
not at the highs, but like they definitely still feel like
something's going to happen. And I think they are they are.
They're evacuating some of the bases.
But like even on that headline, even on that headline of, oh,
bomb gets dropped. Do you think it's just like
everyone despise that dip? I think so.
Man. One would think so.
I don't know not to like, I don't know make light of the
issue or anything like that. But like, does it Matt really
change much for the global economy If Iran has military
action occurring? It's it's a country doesn't
really feel like it. I think it's just like a short
term, you know, quick headline bounce.
I don't know what like who's going to get involved is trying
to get get involved on their side.
Highly doubtful. Iran Iran is 3% of global oil
supply, about 10% of its gas. But it all goes to China.
Oil it can. Go it really goes, it barely
goes anywhere else but China right now.
So it really just effects those two.
And and if they were to like escalate, it would really just
be if they closed that waterway, which is the Strait of Hormuz, I
don't think they'd do that because it would just hurt China
again. So like I, I kind of just feel
as though I, I don't think it's going to be this, this terrible
thing where like oil goes to like 120 or not.
It's just, it's all bullshit, just short term nonsense.
Generations, yeah. So I think most.
Of it happens. Yeah, nothing happens, but then
it kind of happened this time. I do just think that most people
who even bearish are just like you're bearish on the headline
and then you're meant to buy the headline.
And I feel like quite a lot of de risky has happened.
Like, I don't know, feels like people have panicked enough
about this. Yeah, I think it's pretty safe
to buy. If there's any significant dip,
you should be buying it for sure.
I mean like if it happens on a Friday though, obviously they
have to deal with like a little liquidity weekend type shit.
Might check you out. But I think yeah, the only
trades that are to be hired are buying a dip here.
It's not really shorting. Shorting doesn't seem like it's
the play. Yeah, James Wim thinks we're
going to 9090 to 95, so. Wow, okay, never mind then.
Shorting definitely the play. Well, he got to do his counter
trade, James. Bro Galaxy brain this guy guys a
fucking genius so never. The Matrix will hunt him every
time. Oh my God, this guy, it's so
funny. Did.
You say it's actually insane. Did you see that tweet there
where they like, exposed him for like having the other side of
his trace? And then you when you got to the
end of the expose, it was like he lost 100 million rather than
105 million. Like yeah you can.
Have it at the other side like. Is that actually?
True, I don't think so. He was back to backing but it
was like he made like 5. Million off the edge 40X fucking
paying spreads like 40X leverage spread.
Paying isn't like a. Yeah, Edge.
The guy's literally just a moron.
Yeah, I'm like throwing stones in glass houses, obviously, but
I I can do that. I mean walls left so it doesn't
really matter. We we've got to get them on.
We've got to get them on, I think.
Yeah, I know. There's one of my DMS.
Try to get them a heat balance. I try to do a lot of.
That's, that's how we beat luck. I yeah, I think, I think the I
agree. I think I, I've hedged a little
bit. I actually saw a tweet that you
made earlier this week, Coupe, which made me think a lot and
it's especially I've been doing for the last month or so.
Everyone loves to short Bitcoin and ETH or like they like to
short like these L ones. I just think there are so many
better coins to hedge your longs with in crypto.
Like there's so many coins. Oh yeah, not rally and go to
zero. And you've highlighted a really
good thing on hyper liquor, which is just go long Bitcoin
and hype and you can have a view on hype, whatever, but like and
then short the high FTB low float coins which are just
dumping on you. I've been doing that for the
last couple of months and I've been fucking cooking on this as
a strategy. I feel like it's done very well
the last couple of months because Bitcoin dominance has
gone high. But is that that's not the
trade? Like why it even be short
Bitcoin? Like who cares?
Like just be short like Suey or be short like, I don't know,
like some of this other stuff, which is just like 200 million
of of, of like token, token supply each month on the token.
There's so many crazy coins like that.
Yeah, I think you got to be crazy to short.
It's a short Bitcoin. I got to find this guy that's a
user vault. Like that thing on hype.
That's one of the 50 reasons I'm super bullish on hype.
But yeah, long BTC in hype, short garbage is the name of the
vault. And I think now it's the vault
outside of the HLP, like the liquidity provider vault.
It's the highest AUM vault on Hyper Liquid.
But yeah, the guy, I, I can't now find his name and I forget,
but shout out to the guy running it because when I posted about
it, he's in my comments and he's like X private equity.
He's got big long posts like updates on obviously this is all
like completely unregulated and he's taking the approach that he
wants to take because he's like passionate about it.
But I mean, he's running the thing a bit like a hedge fund
manager and he gives these updates on X and like, it's
pretty cool. Like, I don't know, I, I really
like the long term implications of this kind of thing.
Sorry. What's his hand up, you know?
I mean, I was trying to find it. I'm just scrolling on my
Twitter, but yeah, I'll find it. He's he's sorry.
Yeah, what's, what's his name 'cause I've been thinking about
this for a while. What's it?
Kesan under score Krypto KEISAN. His display name is kesan dot
hyperliquid dot HL. He's got, yeah.
He's got he's got 4000 followers and he's got a pin post from
January 21st where he like, it's a it's a six part thread on his
valuation framework for hyper liquid.
And I mean, he was right as fuck.
So he's a pretty smart guy. So he's short, to be clear
audience, he's giving it. You can see what he's shot.
He's shot Suey, he's shot Avax, he's shot Link, he's short ton
Kaito Trump, Ada alt doge popcat ship H bar.
I would actually never short the memes 'cause I just like I can
never judge that, but I've been going through do it.
I did basically the same analysis and I was like the ones
that look crazy to me, Sui Sui is one right like the if you
look at the the tokonomics of that thing, it's it's like
insane. The other ones that really stay
out of me like Ondo and I've just seen Ondo, but this thing
trades like 8-9 billion and it's an RWA chain, whatever that kind
of means. They have some TDL, but I don't
know how that trades where it does.
And then I was actually short a lot of this story protocol that,
if you like, remember this thing.
It's. Down like 20% today, but like
that was trading at 5 billion. I was like what?
What is this stuff? But there is.
I had never heard of that. I literally had never heard of
that. And I saw a tweet from Cyrus or
Cyrus saying hey, like you should check this everyone, you
might get an air drop. And like I got poor grand and
instantly dumped it. Had never heard of story
protocol. I don't know what IP is.
Never heard of it again. I don't know how these things
have the valuations they have. But I think it's a really good
time to do those shorts, by the way, on those points because
you've seen over the last couple of weeks, right, or even the
last couple of months, we had that mantra coin that went to
like 0. There was one this week, ZKJI
think it was the ticker like which dropped 80% on Binance and
everyone was like, OK, this is a scam.
There's been a couple of other ones like Polyhydro.
I don't know if you saw this one.
Polyhydro dropped 80%. So these coins, it's down yeah,
80% on the week. It was trading at 2 billion and
now it's trading at 400 million. So these coins, why does it
trade work? Does I actually think it's a
good time for trading? Because I think these market
makers are getting called out by finance or by the exchanges a
bit more and they're just like getting out.
Yeah, I think, I don't know, the wheels fell off of this like
heavily VC backed retail tge dump scam of like vapor tech
that's never going to get users or make any money.
This part of the reason I love Hyper Liquid so much.
I talk about it way too much. But like Hyper Liquid was the
first fair launched like totally egalitarian thing since Bitcoin,
excluding some memes I guess. But you know, there's no VCs to
dump on you. There's 38% of the supply that's
left to be distributed to the community and users like however
they see fit. And just like the ethos of it.
It's a long conversation, but it's the complete antithesis of
all these like VC garbage paper Ware chains.
And that scam used to work like in 20/17/18.
And then like it worked again through D5.
And like, you know, I think it's finally stopping working.
I don't think it's going to stop this stuff from coming out, but
like, yeah, I don't know, these weird chains pop up and die
faster than they used to. I just hate all this stuff.
I'm. Yeah.
So touching on that a little, a little bit because I think that
was another topic we wanted to go to like Hyper Liquid just as
a trade. It feels as though it's been a
great trade. Like it's a very difficult
chance to buy into because it's. Just like you.
Just, you know. It's just, it's just popping to
the right, barely any dips. But then this week we saw and
we've seen quite a few different places now announced like pups
in the US, like a move, almost like decentralized trading buy
bit stones to decks or pup decks.
What, what what do you think? Is this the time to like to to
question it or I saw you put a tweet out?
Earlier, no, it's. Time to go even more long.
I'm so bullish on hyper liquid bro.
I might be wrong but like I don't think so.
Like we're going to see. And so when the AirDrop
happened, like I, I wish, I mean, I guess they had to start
with the perp DEX. I'm not going to question like
how they built it and how they started.
But I, I did not look at hyperliquid early.
And I remember Wiz was farming it and like he, or maybe not
even purposely farming it, but he used to use it like even a
year ago, a year and a half ago. And he put up the PNL card on
Twitter here and there. And I don't really trade perps.
Like, so I was like, Oh yeah, that's cool.
Like another perp dex. Let's see.
And I was actually advising for a protocol called Wasabi.
They ended up winning like one of the top blast prizes.
Like they had a little hype for a while.
It was an on chain perp decks. But there was so much behind
hyper liquid I didn't see and I never looked at.
And I ended up my first buy. And I even shout out to Razmir
and Frank D gods. But I was talking to them in a
chat around when hyper liquid came out and they were like
trading perps and stuff. And I this is where like
sometimes 20 IQ wins. Not saying they're necessarily
20 IQ, but they're like, oh, you know, people are going to stop
trading memes and just move to hyper liquid and trade perps.
And I'm like, I don't think that's going to happen.
And one of them was like, I, I, I should just all in it at like
$5. And I'm like, I don't know, it's
crazy. But I hadn't looked at it right.
I didn't know what it was. And so I started to think about
it more and take a really close look at it like, I don't know,
two or three months ago, four months ago, whenever the sexes
started attacking it and like finance and Kucoin and like they
all, they manipulated Jelly Jelly and hype went from like 30
something dollars. I don't know what it was at that
day, but like in a day or two it went down to $14.00.
And because they manipulated Jelly Jelly and they actually
had to like roll back the chain or do something weird with the
oracles and get all the validators to agree and stuff.
Anyways, I was like, to me, I was like, wait a second, like if
finance wants to kill this thing so bad, it's got to be really
important. And so I just bought like a
decent bag and started to like figure it out more.
And then where I'm at now is basically this Jeff guy.
Like if you look into it, not this Jeff guy, all due respect,
the guy's like a God. He's like the living Satoshi of
markets or something like, but he's got this crazy background
and he, if you read his really long post, that was another
thing that clicked for me. There's been 3 or 4 things, but
he's got this long, long post from a month ago or six weeks
ago. He talks about transparency in
financial markets and how every at a reiteration of like the
progression of financial markets, people think it's bad
and they fight it and whatever, whatever.
But now, like Hyper Liquid's goal is to bring everything on
chain, fully transparent, real time and all this stuff.
And I don't necessarily have to understand it, but I've always
been like a buy management kind of guy.
So that's strengthened my view of the trade.
But anyways, you got this thing that was completely fair
launched. It makes more money than
everything in crypto. They have 0 VCs by design.
They've given all of the tokens that have been distributed, have
been distributed to users and community on like, you know, a a
fair basis based on like who did what on the chain they started.
They they built the chain or like the the hyper liquid
ecosystem. It's kind of two chains, right,
But they built it from the inside out.
Like all these mother fuckers are out there like Field of
Dreams, right. Monad isn't even a real thing.
That's stupid. They're I did a tweet the other
day of the Chinese switchboard. That's the monad community.
And then in the middle you got maybe like a mega eats where
they have it's cool tech. No, man, 3 three years it's not
out. It's crazy.
They they got a test net, I think.
But like it's basically Field of Dreams is the old approach in
crypto where like if you build it, they will come.
And so mega eats always like, Oh yeah, you know, we got the
fastest thing and we're focused on builders.
And so because our chain is so fast, we're going to get the
best stuff built on it. I mean, that's kind of you look
at what Hyper liquid did. They just built the best thing
that progressed crypto and markets.
And the proof of that is that it makes the most money of anything
in crypto. And then from that they just
like do. You think pump fun has been a
shot then like. Yes, I think oh bro, pump funnel
do a chain and people are saying 4 billion valuation is crazy.
I think that you're crazy if you think 4 billion valuation is
crazy because I mean you know the guys from one side of the
war and the people on that side are smart and clever and you
know rubbing their hands together and shit the founder.
I don't want to get too racist, but not it was supposed to be a
joke. But no, look, I think that what
they will do, and if I was them, and if Alan you're listening,
you should give me some money for this.
But yeah, they should launch a chain.
He won't give it to me because of what I just said, but they
should launch a chain and compete with traditional Web 2
streaming businesses. They're trying to push their
ways into crypto, right? Like Cake's going to do some
crypto stuff. Rumble.
Rumble will do crypto stuff, which is the dinosaur that won't
do it and it'll end up being the thing that kills them.
But fun can go eat all their lunch, right?
Like they should do a chain. And be the crypto native
streaming service and get phase and all these other clowns like
I don't watch that form of entertainment, but I don't need
to. All the kids are going to watch
it. We chose to do it on kick.
So like this has been a bit of a shift for us to do it on kick,
but but we could have done it on pump.
We just kind of felt like kick was was better, better for now,
but they have a shot. I do think they.
Have a shot, but when pump does a chain, you move it to the pump
chain for sure. Like if they and they should do
that. And that's hyper liquids was
like they did the streaming and chain 1st and didn't really talk
about it and dropped it overnight like the equivalent,
right? Like they did the massive curve
decks and then they added the spot market and then they added
the EVM, which is like they didn't talk about it.
It was just wake up 1 morning and hype has hyper EVMI.
Love this bro. Do you know hyper unit?
Like are you you know what this tech is?
It's like an ecosystem builder. Yeah, on hyper liquid.
It's like it completely replaces sex like you you just send in
native soul fart coiner E they're going to add more assets
seamless instant it's in your hyper liquid.
You can sell it like it's crazy. It's, it's really crazy.
It's. This is this crazy.
I have I have seen this, this, this is I I love that tweet the
other day where like they took out Iran's oil fields or
whatever it. Was oh man.
These are the things that you could do on Hyper Liquid to get
back the the revenue. All right, So here's a question.
Here's a question. Is this a better loan than
Bitcoin? Now you think like 'cause I
think right now you need to assume this can this is now
going to flip Solana, right? Well, you've seen the three
treasury companies already, right?
Like 2 of them are a bit. One of them's a bit of a joke,
one of them's not, and then one of them is.
Big this is like an ophthalmologist buying some
crypto it look like I thought they.
No, there's a but there's a new one today.
So there was the first guy was Tony G and he's just some guy
that has like a public company on the TSX.
Like that's the joke one, right? The.
Fucking. Tony G, Tony G yeah, Tony G He's
changing his, his company's name.
They already filed for it and it's going to be called Hyper
Liquid Strategy. And he bought like whatever,
there's a press release last week, he bought some hype and
he's going to have it staked and everything.
And then there's the I company that's that's doing it.
But then there's a big one like I just tweeted about it and
they're buying a lot of hype. Dude.
I like just let me get it right. Yeah, LGHL secures $600 million
facility to launch hyper liquid treasury.
That was today. Two hours ago we we got a lot
going on with the and and whatever, but like should we not
be doing this guy? Should we not be just be doing
like with a new look rec radio publicly listed company on the
NASDAQ and just buy random things like feels like we.
I mean, everyone else is doing it.
Booty and his friends. Don't see how this ends well for
anyone, but let's find out. Why do you think you think?
So crazy about this stuff KBN like.
But a bunch of literal morons who don't know what they're
doing stocking their treasury with super volatile assets, You
think that's good? It's going to.
Work. I think it's good for the.
People to get rich. I think it's good for the people
who creates it and then sells equity, is what I'm saying.
Yeah, but they're all just going to get rich.
Like all these companies are just never going to go down.
It's. Just I think the people buying
these stocks are the people that won't make money, but the people
creating Treasury might. That's basically where I'm at.
Well, yeah, Sailor, it took me a long time to understand Sailor's
business model, probably because it's so stupid, but it's also so
genius. But like, this idea of Bitcoin
arbitrage, like he sells a billion dollars worth of like,
fake securities and he buys Bitcoin and he like gets
arbitrage in the middle, right? Like if he's selling, if he's
selling equity and it's backed by a certain amount of Bitcoin,
it's like, but he gets, I don't know, whatever.
It's backed by 200 million of Bitcoin, and he sells a new
tranche of equity for a billion. When he buys a billion of
equity, like his contention is that he made $800 million.
Like that's his whole like, Bitcoin yield thing, right?
It's like an endless flywheel. But he kind of did it.
Like, I agree with KBM, all these other companies, a lot of
them will probably go down and it's going to be tons of scams.
But like, Sailor kind of found the only infinite money.
And the guys, yeah, it's crazy. And these guys like UDI and
David Hoffman and stuff like they're talking about this a
lot. They did kindly MD like that.
I think that was the UK one where they like turned into ABTC
Treasury company. They seated it for $1,000,000 or
something like or, or got voting control.
I don't know what they did. It was 1,000,000 into 100
million or something crazy. That David Bailey guy said he
put $1,000,000 into he put into metaplanet, right?
He earns 1% of metaplanet and metaplanet, it's worth like $100
million. So like, yeah, it does feel
slightly, and we were going to talk about this anyway, but like
we kind of missed the boat on that.
Like we were all stuck in the trenches in Q1 and then everyone
kind of thought everything was dead.
And what actually just happened is people just made ungodly
amounts of money in the public markets for this sort of shit
like. I made a trade on a couple of
them. Tantor I had I I don't hold any
of them anymore. Like I hold MicroStrategy just
because I like Sailor. But yeah, kindly I made a little
trade, and Cantor, I made a little trade.
That was, that's Nakamoto. But yeah, I wouldn't hold any of
this stuff long term. And I had a really long
conversation with Brock about how to do this myself.
It's too hard. But you should do that.
That was the real trade. Maybe Rex becomes a publicly
listed company and we we put some shit in there.
I think I think the biggest ones, obviously for Bitcoin,
there's a, there's a bunch of them.
There's way more for Bitcoin, but for Solana we actually had
them on a different show. D Fight Development Court, have
a $5 billion line for Solana and then you have ones for hype now
and then you have that one for each, but they kind of semi
rugged it. Which kind?
Of hype makes more sense though, like that's the only one I can
see as a long term treasury asset other than Bitcoin is hype
and I'm massively biased like and yeah what do you said about
is is hype a better long than Bitcoin?
I don't know, like I I still have way more exposure to
Bitcoin than hype, but hype is my second biggest crypto holding
and there's just have you seen this H IP3 like hype improvement
protocol or whatever? Three, I don't.
Know that much about it, Like I don't 'cause I don't read stuff
right. Like I just kind of like sparse
some tweets and talk to people. I expose myself a bit.
But what it is basically is if you buy a million hype and stake
it, then you can launch like in a decentralized permission less
fashion, you can launch your own perps market.
And I don't know the intricacies of how you do that, but you
could like put an asset onto hyper liquid and you own the
market, you've launched it and you earn like 50% of the fees
and and there's controls and safeguards and whatever.
These guys are very smart. Like you just have to believe
that part when you're talking to me because I can't explain it.
But yeah, that's the basic premise is that this will allow
an entity or a group or a person who stakes 1,000,000 hype to
launch their own perp market. You can do this on so so the
ways that I've seen this before is there was the asset JLP,
which I think me and you spoke about a number of times, But
like Jupiter allowed you basically do and you basically
just put in stables, Solana Bitcoin E and you basically got
exposure to those. But you've got the the the perp
fees GMX allow it. So you can choose like
individual trading pairs. So like if you wanted to go just
put money into the salon, into the fartcoin perp, for example,
you could. But there is there is obviously
if the pools aren't big enough and if one trader makes a lot of
money, you can get kind of screwed.
So like there's obviously high fees for like far coin, but if
like one guy makes $1,000,000 like you can get, it's sometimes
not that amazing. So something to be kind of aware
of, But this feels like an extension of that basically that
you can like own. It's like unit swap but for
perps. Yeah, this is like the
democratization of financial markets to me, or like that's
their long term goal. And it's like user participation
is rewarded because the users are the owners and like it's all
on chain. I I just think it's like, yeah,
I mean, there's no way, there was no way to be a liquidity
provider before DEX is really. And like make money off of the
other side of these trades, right?
You couldn't go give finance money and like earn a percentage
of fees, but it's that for all of financial markets, plus new
ideas and owning an entire market yourself if you have
enough money to do it. What what do you think K then,
because you know, you follow like public stocks a little bit
more is you think this bubble around crypto stuff is is near
Internet like we see circle just hit fucking 40 billion nearly
whatever it is like. Do you think this is starting to
get a bit? Stretched.
Here or you think people are going to keep coming in?
I don't know, man. I mean, like the public markets
themselves don't seem like they're going down anytime soon.
Feels like crypto's been maturing and kind of entered
that realm where it's kind of hard to see it like Bitcoin and
stuff having a meaning, like huge down move or anything.
I mean, these treasury companies seem like disasters, but I don't
know what the disaster is yet. Maybe he just keeps going for a
while, like Long Island Iced Tea and shit turning into a Bitcoin
company. That's the kind of vibe, yeah.
I mean, it happened back in the day, but like, it feels like
that's kind of companies doing treasury.
You got Tony G spinning up treasuries for hype and shit.
Like. Who is Tony P like?
I don't. Know more about Tony G like is
he is he like a really well known.
Just some like poker player. I don't know if he's a scammer
or not. Like maybe probably, but I don't
know. I don't think it's going to end
well. But like just like who the hell
knows? I don't really care either.
I think it can't end well. Like the, the, the treasury
stuff. Yeah, I it's, it's a bit crazy,
but they're all different strategy.
So maybe the price of Bitcoin that goes down and they'll if
they all fucked up their leverage or like some of them
Dumber ones who use a lot of leverage, forced to sell the
crypto that's on their balance sheet.
Like that's obviously going to happen.
The stock goes to zero and like they're forced to sell it.
He's a high stakes poker player, was an EUMP at one point.
That's pretty random. They actually we're going to be
a bit more interactive with this.
So in the chat somebody did ask and we'll get to the circle in a
minute. But with Bitcoin hitting 104 K
amid global uncertainties, what key indicators is coop watching
to predict if we are still in a bull run or nearing a
correction? Love your insights from NFTQT.
Do you look at any like? Oh, that's really cool.
You look at any technical indicators for this sort of
stuff coop or is it a vibe? Thing.
No, not really. I mean, yeah, let's see how do I
I mean, I'll be long Bitcoin forever.
I would say like bitcoins, not really a trade for me.
And then I think the only the only real like I sell calls on
on. I bit like I might do that if I
think like, OK, we're not going to like Giga moon or whatever
and like, OK, hold Bitcoin in different ways, right?
And I try to make some income off of it.
That's the closest thing I would get to selling or shorting
Bitcoin. But yeah, how do I look at this
stuff? So like I said, I have like a
bias to being like a long term bull.
And that would apply to like U.S. equity, large caps and
Bitcoin. And it's because I think that
these greedy fucking boomers that destroyed the world at
Bretton Woods will always just print money and that'll never
end. And so as like these high
quality like assets get debased, they will go up in like the
worthless Fiat terms that we measure them in.
So, but I think if I go down from like Bitcoin in the S&P, so
I always DCA the S&P and I always DCA Bitcoin, then I have
to make other trades. And so, you know, I'd say my
last big trade, like we're not my last big trade, but like I'll
talk about two things. Like first is Solana.
And so when I'm making these kind of trades and I'm doing
this in retrospect, where now I understand how I, how I did it
and what I was looking at, you know, I did before, but like now
I can explain it better. I talked about this a bit, but
like the coolness rotation, that's the biggest indicator to
this NFT Kitty guy. Like qualitative indicators in
crypto are, are more important to me than quantitative
indicators because my major quantitative indicator is
eventually they're going to print money and this shit's
going to go out. But if that works for Bitcoin,
right? So yeah, we'll talk about Seoul,
what I look at in Seoul in like fall 2023.
Like I, I, I messed around on Seoul in 2021 in the NFT days
and whatever. And then when Seoul was going
down to 8 and FTXI sold most of it, like 40s, fifties or
somewhere like that, it went down to 8.
I didn't buy the bottom. I thought maybe it was going to
be gone. I don't know.
I didn't care that much. And when it was on its way back
up is when I realized like Seoul was actually the cool asset.
Like all the guys were still yet handsome in the video with Jakey
and they're chanting in a parking lot and all this stuff.
And so I'm thinking about it more.
So that's the beginning of the qualitative indicator that
mattered. But then it became in the fall,
meme coins started to come out on Seoul and that obviously made
way more sense for meme coins to trade on Seoul than ETH, even
though the ETH Maxis wouldn't admit it.
But it just All in all, like the cool stuff was happening on
Seoul. And so if you look at ETH, like
the downfall of ETH was really when it became uncool.
And it became uncool because the cool people left and did other
stuff. And then only the mid curve kind
of idiots stayed. And like to me, that's kind of
the whole story. So now if you look at Seoul and
I bridge it into hype, like OK, now my big trade is always
Bitcoin and and like blue chip stocks and that's by DCA
forever. But.
Just Seoul like do you think the salt, do you think the sole Kols
are still cool? Did you think that's that?
No. No, you, that's what I I mean,
I. I.
Hate to ever be called a something Kol, you know what I
mean? Like they will they'll call me.
People will have seen me from the from the first time here.
Oh, he's the sole Kol. He's the this Kol like I see
that like they'll call me that, but I really, if you're paying
attention, I'm a nothing Kol bro like, and I think that the guys
that are it's the KOLS, it's the users, it's the communities,
it's the builders. It's like it it's it's always a
slow exodus and then you're left in the end, Seoul will look like
ETH right, unless they can recapture the hot thing.
If pump does their own chains, it's if we're Seoul, right?
And so for the for the Kitty guy, like if I was, you know, I,
my goal in fall 2023 was I started to see the memes come
out. I faded with then I saw with do
what it did. And then I'm like, OK, this is
now probably going to be the theme of the cycle.
And then my goal was to get as much soul as I could and just
stake it and wait. And then, yeah, 2024 or 2025,
you know, maybe I'm thinking it's a bit frothy and I start to
sell most of it. And I kept 3/4 of it.
But it's all based on qualitative indicators, like the
backdrop is the money printing and the backdrop is the Bitcoin
price. But the decision on Seoul, it's
qualitative. And now I'm seeing the same
stuff. So when hype, like, you know,
when I started to look at it closely and the sexes were
attacking and I'm like, OK, what's going on here?
And then I start looking at the communities and stuff like, and
who's building. And it's like Jeff had this
ethos of Fair launch and like they don't talk, they just
release stuff. And then you see hyper unit.
This is like massively important infrastructure.
And then I look at the communities that are there like
the hypeos, and it's like, OK, it's a Remilio derivative, but
actually like the people are cool.
Like the the memes are good. Like the shit is based like, and
it's yeah, it's the coolness rotation.
Trade is the most important qualitative indicator.
Everything else is based on money printing.
You only really know that you've been in crypto for a while.
But if you think about Q1, which is like all the Solana Kols got
caught up in the in the culmination of the mean point
cycle, right? Like if they get done with Trump
they then got done with with the drags around Libra and and some
of the other ones around. Man, the Congo or whatever
Central African Republic came in and rugged us like.
Right. But the Kols were the really
ones that became uncool at that time.
And then, Oh yeah, hype. Hype by that time was probably
trading at what, like 15? 4 bucks or something yeah yeah,
like it it came out and it was 4 bucks and it went up to 30
really fast and then it kind of ground down so it feels like.
That really Solana KOL is talking about now.
Well, they. Solana, the trenches you're
you're still seeing some keep clicking.
We know what they tweeting about.
We know what they tweeting about right now.
We it wasn't clear. I teed it up you see it up.
We should get to this because this is the other hot take of
the week myself and KBM slaving for months on the on the on the
crypto casino. Turns out the robot boys have
rolled it back and have Lloyd an on chain casino with with all of
those guys. I know you're now associated
with them. We're all, we're all friends
here, but what, what would you think of it?
Like, I know you've obviously you've tried our product too,
but I think there's a world for both.
But I'd love to hear your take on all of this stuff and also
like the approach of marketing as well.
Yeah, it's funny because I didn't ask him too many
questions. So I used it.
I've used it and I and I streamed on it.
But it's I mean, it's right now it's pretty basic.
I think it's because of the difference in approach.
So the reason I even like answered them and talked to them
is because I do like the non custodial, like on chain, you
know, thing like I think that that's cool.
It's like I'm not going to say the hyper liquid of casinos
because it's not that that's crazy.
If I can't provide, if I can't be the house and then steal the
guy's money with better odds, then it's not the hyper liquid
of casinos. But still, it's like a step,
right. I do like that.
Now I do think like it doesn't really matter.
The end users going to use the best thing some of their games,
like I I've got a problem with the fact that they don't have
the right gates of Olympus game. And that's like the thing I
played the most on Yeep is like it's like different.
They have it's called gates of Zeus and like he doesn't raise
his arm and like I just don't get as excited.
I think people will ultimately just go use the best product and
obviously they're spending so much money on marketing right
now. It's retarded, right, like
Kobe's saying he got offered half a mil a month.
Like come on, that makes sense. It's real, but I didn't know.
That was for. Is there like a fight within the
internal Kols about that now? Like it's like why wasn't I
given 500 KM of? Like I don't.
Care, you know, banks OR. Games.
No, I, I don't care. I think it's funny.
I just responded to Kobe and I'm like, I feel like the janitor.
Any tips on like getting my my pay up?
But no, I mean I don't I I haven't actually even talked to
a single other KOL about it and nobody even asked me about it
until today. Like when it when it blew up on
the timeline because of Kobe. But no, I think it's, you know,
it's just they're like, Oh yeah, we're the badge, we're going to
pay this. And then I'm like, whatever, I
get a lot of those messages, but I figured it was cool because of
the the on chain decentralized thing.
But the. Thing like I think that's a
genuine thing like you don't do KYC for something like this and
the the and and those two things are links which you mentioned.
So like the, the reason why they could never have Gates of
Olympus is because all the, all the providers require some level
of KYC or license for this to happen.
So like if you're going to say we're going to do completely
decentralized, no license, no KYC, you will never get those
games, but you can recreate the games, which is kind of what
they've done. And and and then so you you have
this like no KYC element, but then you can't have the
similarly for sports, for example, like no sports provider
would allow that. So then you have to create like
a decentralized sports book. What what, what do you think
about it? KB Mii know you're going back
and forth on a little bit, but. Yeah, I know, I know and I like
say too much, but I mean they they have low RTPS for
decentralized product one would think.
Then they clapped back and said ours aren't approval RTPS, but
they are. And there's a couple other
things, my sleep, but I don't, I don't need to share those.
But yeah, I don't know, I think it's fine.
I think it's a good product. It looks cool, but obviously I'm
pretty biased. Can it can it only work on
Solana though? Like are the actual phrase
happening on like this couldn't happen on the big corner on beef
or could it? I don't actually know.
Is it like it's more like soul casino then in that sense where
it's like a Solana? Is this all the soul K Wells?
Right, that's what I was thinking.
About yeah, it seems like it's mostly a Solana thing, at least
for right now. You can only use Solana on it.
Yeah. Like you deposit Seoul and then
you like withdraw Seoul. Like it's not multi currency.
That's the thing. Like from a feature perspective
and like from purely the user experience, like I mean, I guess
you'd use it if you wanted to avoid KYC, but it it currently
like I think they have a long road ahead of themselves to
build the best casino. Like if you were just, you're a
user and you don't care and you don't mind KYC ING Yeah, you're
offered more elsewhere, you know, like that's just how it
is. Use on their marketing spend,
that's what. Do you think about that?
What do you think about that in general?
Like just it feels like we just spoke about that like the the K
wells and are KOL's like at the least cool point of the cycle,
right? Now, I mean, it might be
somebody who has no fucking idea about social capital and for the
target markets they're going for, not necessarily you other
people that's your sponsoring. It's kind of weird.
You want to go KOL's for cool, right?
And and now it feels like they're less cool.
I think it's hard. You got to like, I mean, fuck,
I'll just talk shit about every kill.
I don't give a fuck, right? I have my own, like I'm in my
own league, I think, but not like I'm trying to be.
It just is what it is, man. Like I just talk about what I
want to talk about. I've always done it the same
way. I'm not I don't have a business
plan. I didn't.
I created this account because I got banned from Reddit and then
the IP banned me, banned 10 accounts.
Like yeah, dude, like I used to be on Wall Street Bets and I was
like, I just need an outlet to talk about stuff.
Like I've always been a massive Internet troll, like trolling on
the Internet as a secret hobby for no reason on weird message
boards, like since I was a teenager.
And then I went into finance and I used to like trade stocks and
do this and that and like, so I ended up on Wall Street bets and
like I ended up getting banned and that was my biggest troll
outlet. And I was also getting way more
into crypto at the time. And so I just created like ACT
account and or I had a Twitter account because I used to use it
to just follow equity stuff, but I never posted or anything.
And so I just, it was NFTS kind of drew me in and I was posting
more and stuff. But the point is there's no
business plan there. I've always just talked about
what I want to talk about. And so the thing about KFKOLS
not being cool anymore, I guess, like most of the people that
have like, like most of these people have decided like I'm
going to be a crypto KOL and then they figure out how they're
going to do that and then they go build up an account.
Yeah, they don't. They're following, right.
Like. Super.
Point. And so I'm just like, OK, like I
think what whatever's going on, I'm usually moving around.
I'm sure I'm going to have a Big L and embarrass myself, but I
haven't really had a Big L in a couple years.
I've been in the right places and it's all out of interest.
Like people want to read my takes on stuff and like, cool.
And so with that, they get the racism to funniest thing is I
mostly just talk about being racist without being racist.
It's a bit of a psyop. And then you have it's bro, this
shit's an IQ test. You ask someone, what do you
think about Coop on CT? And like the middle curve will
be like, he's a racist and he's a scammer.
And you'll be like, Oh well, what did he do that's racist?
And they'll be like, oh, he's a racist.
That's like the Trump thing. Oh, he's a scammer.
What did he scam? Well, he's a scammer, you know,
And the smart guys and the dumb guys fucking love me and so.
But yeah, I think. Dude just automatically assumes
everyone just assumes that that is that is the racist PFP.
But even though this is rather wrong stuff, it feels like the
the NICAP community feels split even on that.
Like I I've noticed. That, yeah.
It's it's strangely mixed, let's put it that way.
But yeah, going on from that, I think it's a good movie.
Is that people? Have it's like.
Influences and then they are right.
I'll do that in crypto rather than like.
I got into crypto just by saying and like and just like enjoying
the ethos of it. And then I became big because of
my views. It's very much changed now.
Yeah, there's way more manufactured accounts that set
out to be an influencer for XYZ reason.
Well, no, the reason is to make money, I guess.
But then you got different. Like it's not just me, right?
Like, and there's guys that are way better at me than me at just
being like like Anson, right? Like Anson is a sick account.
He gives out so much information.
Like I'm I'm a pretty big fan and he's got sick vibes.
Like seems like a nice guy. I never met him IRL, but like he
wrote a he replied to some tweet where some guy was like, I don't
get why hyper liquid is so valuable and he like wrote this
crazy thesis just in a reply like 2 days ago.
Like there's guys like that where it's like you really have
you guys are both those guys too.
You know what I mean? Like and so that's why KOL
seemed boring because the KOL market got saturated with like
just man, you didn't grow because people were were seeking
out your opinion on stuff and trying to listen to what you
have to say and whatever. You grew because you DM 10,000
times and you've hacked the Kaito algorithm and shit.
Like, yeah. Kaito, what do you think on
that? Like that's been the big change
this cycle, like because what you're saying is true.
And then there was a shift I think about a couple of months
ago to like, right, we need people who write good content
and Kaito's going to create that.
And I think at the top end of that list, you would agree that
like the top of the Kaito leaderboard is some is some of
the better accounts, but it's also, yeah, it's now created
this like. This I think.
Cesspool of of of accounts too like.
If I could draw it. Good for certain things, but
it's also like you, you kind of see where this is going.
Yes, exactly. You see where it's going 'cause
it's like it was a genius idea at first right 'cause it's, it's
almost like botting with extra steps, but like the bots are
humans and so but when they attracted the people with big
accounts and existing respected opinions, right?
Like, you know, I clicked the button, I signed up, I'm on
Kaido and you guys are probably on Kaido.
Like most people tried it and are on it.
And so it's nice. It's like you don't have to do
anything. I, I logged into it once, but I
guess at the beginning where it was like, OK, they're
incentivizing people to talk about their clients in like a, a
frictionless way that's kind of hidden and you get more points
on Kaido. If it's organic, that's good.
But then all these guys, like I said, like the same group of
people that decided like I'm going to grow a crypto account,
be a crypto KOL. Now they've hacked the Kaido
algorithm. And so it's a little bit more
like overt that it's like pretty heavy-handed.
Like people are either Kaido farmers and they're talking
about the Kaido projects or they're just like some organic
KOL that might mention stuff or might not, right?
Like I'm not farming Kaido. And so the value like the, I
think the top fear, like you can pay Kaido 150 bucks a month.
Like that's what Robert Trump pays and I think and what you
used to get is like a lot different from what you get now
and what you will get in six months is going to be a lot
different. I think the model is kind of
like going to go away. Maybe now there's 20 Kaido
derivatives like so I don't know that you're necessarily getting
the value because now you're the Kaido farming is done by all
these small and mid size accounts which a lot of them put
out great information. Like man, I got a shout out the
goat bandit XD bandit XDT He became like the king of Kaido
out of nowhere hacking the algorithm.
He's a great shit poster. Like yeah, it's like some of
these guys like did it right and made it work really well.
But I think the the entire premise of Kaido is is being
cheapened over time. Like it that's just the
progression of it. So I don't know if they'll be
able to get people to pay them 150 KA month for a campaign in
six months. We we paid them.
We paid, we didn't pay them 150 a month, but we paid them.
I think it I think even they would admit though that like
they need the next stage of this is it's weird because what
you're saying is true. It's not bots, but it's people
writing AI context. It's human as bots.
Yeah, it's human bots. It's like literally, yeah, it's
weird world of. Like ChatGPT?
Like the fucking our information mixed.
In mixed in with good people, right?
And it's like and. The people reading it, it's like
if you're you're now, you know, on the timeline, like, oh, this
guy's talking about his 50th Kaido project in the last six
weeks, OK. And it's cool.
Like if I'm interested, I'll read it, but it's not the same.
Like it's not going to have the same impact.
No, it's just like bullshit fake engagement at this point.
Almost a little. Bit, yeah.
So hopefully. I'm real, I'm real.
We got some real. We got some real Kaito slash we.
Need to do this giveaway though by the way, It's about time.
We're about to juice up the Kaito relatively soon, so yeah,
are. We doing a giveaway.
I don't. Know, let's do the giveaway.
We didn't actually pick winners last week, So what are we?
Planned. So we, we have to pick three
winners, right? So by the way, if you are
watching or listening to us on the space and then you probably
came in on on the Twitter spaces, all the show now is on
Kik. You can go check us out.
We're Degen's live on Kik. And obviously you can also
listen to us on Twitter Spaces, but you're going to be able to
watch us on on on Kik from now on.
We want to try and grow that as an audience.
So go follow us. If you're a follower, you are
going to be out and the only way to win prizes is also to link
your Kik account. So make sure you're following us
and that will be how you win prizes going forward.
Also, you've got to sign up under the rec radio affiliate
code for yeet. We're probably going to do some
form of like a weekly race as well going forward.
So like the top people you can, you can go see our thing on yeet
leaderboards and we're going to give out the people who are on
the top of that leaderboard each week.
Also, if you're listening, I just want to give my
perspective. This is a massively bullish
giveaway, the most bullish kind because when there's a couple
things to do, couple hoops to jump through, most people won't
do it. So your competition is low, you
have a higher chance of winning. Do the stuff. 5 grand a week,
that's, you know, 50 grand. We're going to be giving out a
year if this show continues. I think, I think, I mean, it's
only 200 people are following us on kit right now.
So it's a pretty, pretty good odds anyway.
So are we picking them internally?
You or or or Sims actually is is taking over for for this.
So the code web is wrecked. We are picking 3 winners.
Out of 59 people, damn. 5000 good odds. 59 eligible entry, so
59 people. Are they coming up on stage Sims
or we just we're just speaking to them in the chat?
I think we can probably just spin for them in the chat.
Or do you want to have them up on stage as well?
There's Nova in the chat. They should have been watching
to enter the code and get in the code.
So they probably inside chat. If you have a look I can put the
comments back on screen. You can see the name Brownie
Nova, yeah. I think we'll just spin for them
or we'll do. How many?
How many spins do you want? Two more, so we'll do 2.
More OK, let me just met know this user, make sure we don't
lose it and what do you want? Plinko or or or lamb chop or
risky Click today KBM. I mean, I think you have to do
lamb chop. It's.
Lamb chop. It's lamb chop blowing out my
ears. And one more, all right.
And then after this we will go. So how do you want to do this?
I think we, we keep 500 in the bank for all of you.
So we'll, we'll do $1000 lamb chop.
We'll do $1000 lamb chop runs on Easy and maybe each one of us
will decide when to stop each time.
So who are we doing it for first?
Who was The Who was the first one we're doing it for?
Brownie Nova, let me remove this.
Sims, do you have those names or or can you?
Hear me still. Yeah, I have an E now.
An E now, yeah. Sorry, Brownie Nova was the
first one. Brownie Nova.
So who is intern running it or you?
Are you running it on? It's not me.
Interesting. I mean if I have a login I can I
can get it running. Yeah, when you get it running,
when you get it running. Yeah, a second.
Anyway, in the meantime, are the users here?
Well, I think we're just going to run for them.
I think we're just going to run for them.
I think it's easier. OK.
At least this time because they're actually in the kick
chat. So I think this time we're just
going to have them because we didn't have them pre, like we
didn't have them chosen from last week.
So we're just going to try that. We run for each person and then
we'll give out the privacy end. OK.
Or do we just, we just have these guys for the winners next
week? If we're not, if we're not
organized around it, we could just have these guys.
No, I'm getting in now. We're going to go.
I'm about to try it. OK, thanks.
OK, so $1000 lamb spots, lamb chop spins, you, you add 56
entries. So Jesus Christ, we've got to
get this affiliate link going if we're going to need about 250
grand prizes. Yeah, you sign up for us under
that. I kind of feel like this kick
account might cook. Like we've already got 200
followers. This is like the third show
we've done. Is my screen being prevented?
I need the host to present their screen.
There we go. All right.
There you go. All right, we're doing lamb
chop. Let's go.
OK, so should I do the first one?
I'll do the first one. I'll, I'll, I'll say.
What is it? 500 spin. 1000, that's 2000.
What 1000 winner? How many?
How many did? You get once because you get 500
in the bank. You got, you got 500 in the
bank, right? And that's just one spin.
One spin, one spin, All right. Man, I'll go.
OK, go. No, no, no.
Oh, what? Do we think kid?
It's for the giveaway winner, right?
Yeah, let's drive. What do?
You got 500 in the bag, right? I think we're going to keep
going for this, right? Going to, to to.
Be fair to all the win. So no one's like weird.
Why don't you try and get across the train tracks for all of them
and if you do, cash them out at train tracks I.
Think I think we will fiver. We'll fiver.
You want to drive.
No, I'm going to play it safe for the first one because this
is a nice little win. We'll cash out here.
You win, you win $2100. I think that was pretty nice,
right? You got dying off from the train
tracks. Besides it.
Dude, that stick is that brownie Nova?
So brownie not with this one, just over 2 grand right?
So how? How are you not signed up by
someone signed up? Here, well, the second person.
Who's the second account? Go follow go follow Coop as well
as our new guest Co host a lot of base they have.
Second one was Kalikos. Coleco.
I'm driving for Coleco. You pick.
You pick the winner, buddy, because I drive fucking fast and
hard to dress. Get ready, here we go.
You're going to make a lot or you're going home with $500.
OK. Oh, what we think in hand?
Oh, no. Oh, my goodness.
You draw me as this fucking person.
Yeah, it's OK. He still wins 500 bucks.
You know what you're getting with KBM.
All right? High variance.
Let's see what you're getting with.
OK, who's the person? What's the name?
It is M priest, M priest. M Priest makes you a following
cook because he's. M Priest.
All right, M Priest, I don't know your deal, but I'm going to
assume you're conservative when I play this, so I'm going to
take the money early, but I'm still going to jump a couple
times. OK, OK, let's go.
Go one. OK, go again.
OK one more I was going to cut it off.
I was literally going to do 3 and done in priest.
Oh, sorry. I think that was a great, that
was a great one. I love it.
This shit is so. Exciting, I made it to the
casino a few times. Casino on $1000 spin would be
crazy. Man who?
Was a winner, everyone's a winner, Loses.
You still got 500 bucks, someone won 2000.
It's a great giveaway. So make sure you're following
us. Make sure I'm your guy for
laptop going forward. OSF is going to be back next
week eating eating tacos in the background while us we cook.
Great first show, really loved having you on.
Thank you for having me. Yeah, and go follow everyone,
KBM obviously on X coupon X and we'll see you next week, guys.