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DMDM everyone, Another beautiful
day in crypto. 

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Looks like we, I don't know, 
Looks a little bit lower again, 

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doesn't it? 
Things are not good in crypto 

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since we've left it. 
We missed yesterday's show, but 

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we are now three days in a row 
lower. 

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Looks like kind of across the 
board most of your favorite 

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coins are are lower It feel it 
feels like Bitcoin is now 

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touched just just below 60 K 
sorry 61 K and it's now been 

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rallying actually it's now back 
up to like 61.3 so we're 

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bouncing a little bit. 
Capo says the bottom is in says 

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we're looking for a rally so 
that this morning how are you 

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doing what have you been doing 
over the last 24 hours or 48 

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hours? 
I. 

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Played played golf this morning 
with. 

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Yeah, saw that. 
I'll I'll Robbie Douglas. 95 

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years old, still carries his 
clubs around. 

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What else did you do in the last
24 hours? 

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I started building some, doing 
some baby stuff. 

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OK, Built a cot. 
I When's the baby due? 

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About seven weeks, 8 weeks. 
Right. 

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He's built the cot. 
I actually didn't. 

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I actually, that's a lie. 
I didn't build the car. 

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I was supposed to build the car 
yesterday and I didn't because I

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was fucking around on the street
one or something. 

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You've got eight weeks, mate. 
I think you'll be. 

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I think you'll be all right. 
Don't leave it too late. 

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You know, you know me, I like to
be early, never know in. 

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A week or two to spare. 
Tim's has already put out 

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today's. 
Today's partner wants us to move

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very quickly onto the show. 
So today's partner is is quick 

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now. 
They're going to be coming on 

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later and of course we have our 
monthly sponsor fair side as 

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well. 
But yeah let's get into what's 

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been going on in crypto over the
last 2048 hours. 

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Like I said, it feels like felt 
a slightly weaker tone. 

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We did say that after Bitcoin 
didn't really sustain that 

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bounce. 
It looked like it would 

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probably, I think even on the 
show we said it would go down to

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kind of around 60 K and then 
we'd work out if it was going to

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be another lower low or we 
bounce from there. 

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How you feeling? 
How you feeling reading the tea 

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leaves? 
I don't know. 

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I'm. 
I'm struggling to think why 

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we're not able to hold these 
rallies like macro feels OK. 

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Stocks have been OK, rates have 
been low, and it felt like we 

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were kind of out the woods on 
crypto and then we kind of just 

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got like sold back down. 
Like ETF flows have been quiet 

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this week, but we just have two 
large inflow days. 

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So I don't know, it's 
frustrating. 

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It's frustrating to not really 
see us kick on or even just like

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hold those gains. 
I'm not really sure why. 

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I'm not sure what's causing it 
to like get sold back down. 

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Like, yeah, I don't know, maybe 
there's like, maybe people know 

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about some more like SEC FUD to 
come. 

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Could be something to do with 
that like. 

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Yeah. 
Is it that or is it just is it 

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just a Bitcoin pump? 
Is this kind of it stops and 

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that's meant everything is just 
been hammered. 

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It just feels as though this was
all tied to Bitcoin. 

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And I saw today like search 
trends for Bitcoin are down 50% 

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since that since that peak 
around the ETF. 

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So clearly retail kind of didn't
really come back in in a huge 

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amount, although we're still 
getting kind of I I didn't look 

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at today what what was the ETF 
inflow or what was the ETF flow 

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it. 
Looked like there's an $11 

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million inflow yesterday, but it
doesn't feel like to me all the 

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data has been collected unless 
everyone else was a 0 because I 

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think it was only one ETF that 
had that inflow. 

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So yeah. 
Kind of feels, kind of feels 

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kind of dull, doesn't it just 
feels like not really much is 

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going on. 
I saw that. 

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I also saw that volumes in April
were down about 44% compared to 

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March. 
So to me it just feels as though

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slight deflation of of people 
caring about crypto. 

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And then that doesn't help 
because to be honest, even when 

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Bitcoin was ripping, it still 
felt like it was the same 100, 

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let's say 1000 people trading 
the same meme coins and trading 

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the same altcoins. 
Like it didn't really, it didn't

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really feel like new users were 
coming in. 

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So I feel like that's what's 
testing it the the most at the 

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moment. 
It's just it's just a lack of 

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new user growth. 
It would be great if like one of

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these apps like friend tech or 
any of the BLAST apps like 

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really picked up people coming 
in, even the Fantasy 1. 

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But it does just feel like we're
all we're all playing like, with

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each other, right? 
In many PVPPVP. 

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Yeah, but like, you go on to 
that, you go on to fucking 

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fantasy, right? 
And it's just it's with trading 

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the 50 influencers and it's the 
all the other 50 influencers 

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trading those influencers as 
well as the other thousand 

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people that turn up over every 
single day. 

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So it's kind of funny to see. 
It doesn't feel like we've gone 

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mainstream at all this cycle to 
me very, very, very little or 

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else we would have seen people 
like me and you coming in, right

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if we'd gone fully mainstream. 
Like I just haven't seen that 

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many. 
Like we see I see young people 

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coming in like people are 
getting involved in in memes I 

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think. 
But I haven't seen that many 

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people coming in from from a 
broad range in terms of the 

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stuff that that kind of grabbed 
the headlines overnight. 

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Firstly it was all this stuff 
around Trump and Biden. 

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So few headlines there. 
Firstly that the Biden. 

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Well, how the House Republicans 
managed to pass a bill which 

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basically overturned the SE CS 
rules on custody for basically 

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tradify of Bitcoin. 
Biden then came out and said 

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he'd veto any any bill like 
this. 

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And then Trump. 
Trump I believe was meeting his 

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NFT holders last night and he 
came out and gave a few 

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impassioned speech speeches 
around crypto basically saying 

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he didn't come out like fully 
for it. 

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He said a lot of people are for 
it and I'm OK with it. 

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And he said, if you want someone
who who is going to protect 

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crypto in the US, then you got 
to vote for Trump. 

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Yeah. 
What do you think of all this? 

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I think it's pretty mental that 
you could have like bought some 

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Crump NFTS or whatever and 
actually actually get to meet 

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him. 
Like, I thought it was one of 

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those things where it's like 
there's there's no way this is 

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real. 
I saw that Frank Diegoz was like

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going to a dinner with Trump and
that kind of stuff like that. 

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There's no way this stuff is 
actually real. 

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And he seems to have followed 
through on it. 

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The thing that I can't stop 
thinking about because I just 

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only care about my bags. 
But the only thing I can't stop 

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thinking about is is Trump doing
all this stuff? 

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Is there a slight chance that he
becomes like someone who, like 

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blesses crypto? 
To some extent that's part of 

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the elections. 
Because you know if he does, and

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I think he's, you know, if he 
doesn't, he wins. 

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And he could be he could be good
for a bag. 

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So it seems like he's heading 
the polls at the moment. 

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But yeah, I've. 
No, I'm curious to see if like 

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crypto plays a role in politics 
right now. 

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I guess for Trump, if he's 
heading the polls, he doesn't 

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need to take a risk with 
something like that. 

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At the risk of like, losing 
votes. 

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But don't know. 
Something tells me there's going

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to be some role of crypto in 
this election, even if it's just

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all the fucking political meme 
coins. 

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Like it just seems like it's 
going to be a big. 

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Part of it, yeah. 
I mean he has openly, he's a 

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populist, right. 
So I think he just goes off to 

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what like people want. 
But at the same time he has 

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compared to last. 
The last election I think he was

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kind of he came out vocally 
against Bitcoin and then 

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obviously he's done this his 
NFTS 2 two seasons of NFTSI 

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think Melania's like been 
selling NFTS too. 

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So he's clearly been behind more
behind crypto and obviously been

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using it for funding right. 
Like I think he raised a few 

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$1,000,000 which sounds like he 
could maybe use right now. 

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Somebody, somebody sent me a 
rumour yesterday that he he's 

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going to release a meme coin 
which I thought was pretty 

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hilarious. 
Like Can you imagine if he did 

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his own his own pump dot fun 
coin? 

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Like where do you think a Trump 
meme coin trades do? 

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Because we have like the funny 
ones and we have like the 

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community LED ones like Trump. 
And even if Trump actually 

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launched 1. 
Yeah, an actual Trump coin. 

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Fucking. 
Hell, that would be. 

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That'd be wild, wouldn't it? 
That would be wild, but like. 

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Ten Bill. 
It would go wild. 

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I mean, he has Trump Media, 
right, Which is kind of a meme 

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stock at the moment. 
Yeah. 

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And that Where does Trump Media 
trade? 

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It's a few. 
It's a few. 

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Bill, in terms of market cap, 
where is it? 

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So Trump Media, There's 
obviously there's like, a lot. 

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Of where do you think if he 
launches NFT? 

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If he if he launches NF TS in 
2021, where do you think that 

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floor will have gone to in like 
hype peak 2021 NFT bull market? 

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Where would the Trump NFC floor 
floor gone to? 

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He released a lot, though. 
Remember, he did like 20,000. 

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Yeah, so maybe. 
I mean, how high did mutants go?

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Using them into like the high, 
the top of mutants was like 30 

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odd ether I think right? 
34 ETH or something. 

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That was weird. 
That was with ape coin baked in 

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but. 
Yeah, I mean, I would have, if 

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he played it right, you would 
have assumed into the teens, 

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right? 
Yeah, I think so. 

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I reckon. 
I reckon it could have gotten to

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that sort of level. 
But then then he did dilute it 

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kind of straight afterwards, 
which I thought was very 

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hilarious. 
But then yeah, meme coin could 

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happen. 
Looks like Trump Media is is a 

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$7 billion market gap and I 
think they have revenue of like 

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nothing. 
It's like the 10s of it's like 

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the 10s of millions of revenue 
and it's it's like a $7 billion.

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So it's just a meme stop. 
He is. 

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If he was, Chili's a meme coin, 
I reckon that would easily go to

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a bill. 
I reckon maybe a couple bill. 

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It would go wild before the 
election, but because he hasn't.

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Yet we have. 
We have the other ones which 

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rallied, which he had, He had. 
Interestingly, the Trump based 

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ones rallied more than the 
Bowden based ones. 

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I think people probably realize 
that Bone's not going to win 

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this election now. 
Biden, that is, he's not going 

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to win this election now. 
He's unlikely to win the 

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election now, or at least he's 
not liking. 

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But does does Bowden go higher 
if he wins or if he loses? 

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I guess it goes higher if he 
wins, but he wins also. 

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If he is, it's over, right? 
It's just like. 

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He's out the picture there, 
isn't he? 

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Yeah. 
Yeah, you don't own like an ex 

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presidents meme. 
Yeah, that's true. 

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Whereas I think is is Bowden a 
good shore at some point, like 

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into the elections? 
I've I've thought about this 

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many times. 
I spoke to many because I was 

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big in Bowden, right? 
And I spoke to many Bowden 

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holders, and lots of Bowden 
holders were like, you know, 

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I'll sell before the election 
because he'll probably do, but 

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then when does everyone sell? 
Because everyone's like I'll 

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sell in August, but then if 
everyone's going to sell in 

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August, maybe you're meant to 
sell in July and everyone's 

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meant to sell in July and would 
probably sell in like May. 

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00:11:10,640 --> 00:11:15,680
So like there is now this like 
Tremp or Trump Bowden pear 

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trade, which originally was like
widening because obviously 

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Bowden I think was a better 
meme. 

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But now I think Trump just re 
flipped Bowden. 

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Yeah, I saw that. 
And Tremp is nearly at 100 

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million I think today or it got 
to like 75 S It's funny this 

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00:11:35,680 --> 00:11:37,320
because it seems overly 
analytical. 

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00:11:37,400 --> 00:11:39,960
I wonder if we'll be able to do 
this on the on the real 

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business, you know, but. 
Well, the Trump coins, to your 

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point, like the Trump and the 
Trump coins can if Trump wins, 

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they can exist for longer than 
the elections, right? 

226
00:11:49,880 --> 00:11:52,360
Especially because Trump himself
is just a fucking meme. 

227
00:11:52,880 --> 00:11:54,440
Like he's like the ultimate 
meme. 

228
00:11:54,440 --> 00:11:57,400
So like any, any shit that he 
does, like he starts going wild 

229
00:11:57,400 --> 00:12:00,840
on Twitter again or whatever. 
Like those those coins could go 

230
00:12:00,840 --> 00:12:01,960
pretty crazy, actually, couldn't
they? 

231
00:12:03,560 --> 00:12:08,120
Yeah, I feel like he's not as 
good a meme, but I think he, 

232
00:12:08,160 --> 00:12:10,440
well, actually he's there are a 
lot of memes around Trump, 

233
00:12:10,440 --> 00:12:13,640
right? 
But the one where where it's 

234
00:12:13,640 --> 00:12:17,600
like the Bowden, the the Nolan 
comic version I think works 

235
00:12:17,640 --> 00:12:19,760
better with Bowden. 
So I just don't know. 

236
00:12:20,000 --> 00:12:21,800
I don't know if are you meant by
Trump or tramp? 

237
00:12:21,880 --> 00:12:24,280
Are you are you meant to wait 
for the the actual Trump 

238
00:12:24,280 --> 00:12:27,200
official meme coin which comes 
out and goes to two bill? 

239
00:12:27,200 --> 00:12:32,280
That would be wild. 
Like imagine if he imagine. 

240
00:12:32,840 --> 00:12:35,680
Takes it to 70. 
You know what the ultimate Chad 

241
00:12:35,680 --> 00:12:39,280
move would be for Trump to just 
actively launch his own mean 

242
00:12:39,280 --> 00:12:42,440
coin, win the election and just 
get guy against the fires. 

243
00:12:42,440 --> 00:12:43,880
And yeah, this is all good. 
He's. 

244
00:12:46,080 --> 00:12:48,480
Such a populist he he just would
do it right. 

245
00:12:48,480 --> 00:12:51,440
Like why wouldn't he? 
Like, he has a team. 

246
00:12:51,440 --> 00:12:56,760
I met the guy in in in Paris who
runs his Web 3 right? 

247
00:12:58,760 --> 00:13:02,280
And that kind of dialled in like
they know what's going on. 

248
00:13:02,280 --> 00:13:05,640
There's no doubt like literally 
no doubt in my mind that he 

249
00:13:05,640 --> 00:13:10,320
hasn't been pitched a that he's 
he's been pitched and he's 

250
00:13:10,320 --> 00:13:13,120
probably thinking about it you 
know why not I don't know if he 

251
00:13:13,120 --> 00:13:16,000
can sell. 
You see his Trump media because 

252
00:13:16,000 --> 00:13:20,000
it's kind of it's kind of tough.
I think he owns like 30 or 40% 

253
00:13:20,000 --> 00:13:22,840
of Trump media but everyone in 
Trump media is like hoping he 

254
00:13:22,840 --> 00:13:28,320
doesn't sell but maybe just as a
a meme coin presale out of a St.

255
00:13:28,760 --> 00:13:34,000
Cayman Island foundation and 
just use it to get Gary fired 

256
00:13:34,600 --> 00:13:36,800
anyway. 
Yeah so a bit of egg on the face

257
00:13:36,800 --> 00:13:41,360
of the SEC looked like Biden and
Warren and a few others came in 

258
00:13:41,360 --> 00:13:45,720
to basically save him and said 
that they would veto this if it 

259
00:13:45,760 --> 00:13:49,840
if if the bill passed. 
But definitely looks like the 

260
00:13:49,880 --> 00:13:54,680
battle lines are drawn 
irrespective of politics. 

261
00:13:55,400 --> 00:13:59,720
It does feel as though politics 
elsewhere does feel as though 

262
00:13:59,960 --> 00:14:04,920
Trump is coming out as a more 
crypto friendly politician than 

263
00:14:06,360 --> 00:14:07,640
than Biden going into this 
election. 

264
00:14:07,640 --> 00:14:10,760
So I would, I would expect most 
of crypto again. 

265
00:14:10,880 --> 00:14:12,720
And I've seen this take quite a 
lot because I think a lot of 

266
00:14:12,720 --> 00:14:15,760
crypto, you know, they have a 
vast range of people on the 

267
00:14:15,760 --> 00:14:19,040
political spectrum. 
But yeah they are they're kind 

268
00:14:19,040 --> 00:14:22,760
of they don't like this very 
anti crypto approach which which

269
00:14:23,240 --> 00:14:25,840
seems to be taking hold of the 
Democrats and it's not just all 

270
00:14:25,840 --> 00:14:29,200
Democrats like RFK came out and 
he I guess he's an independent 

271
00:14:29,200 --> 00:14:32,200
but I guess more or less leaning
and he was he's very pro crypto.

272
00:14:32,200 --> 00:14:35,920
So it doesn't have to be a 
divisive issue but it it does 

273
00:14:35,920 --> 00:14:38,680
seem to be. 
So it's kind of surprised me. 

274
00:14:39,360 --> 00:14:42,360
It's definitely, it's definitely
surprised me, but yeah, that was

275
00:14:42,400 --> 00:14:44,240
that was one of the main main 
headlines. 

276
00:14:44,240 --> 00:14:48,680
I think you saw a couple of 
headlines around Ethan Solana. 

277
00:14:48,960 --> 00:14:51,080
The first one was which were 
both kind of negative. 

278
00:14:51,080 --> 00:14:54,760
You had Solana FTX again is 
going in to sell a third tranche

279
00:14:54,840 --> 00:15:01,080
of locked Loch Solana, which 
we'll see what happens, what 

280
00:15:01,080 --> 00:15:03,520
happens there. 
I think it's a smaller tranche, 

281
00:15:03,520 --> 00:15:05,760
probably only in the hundreds of
1,000,000, but they they've 

282
00:15:05,760 --> 00:15:08,520
moved two tranches recently, one
in the billions and one in the 

283
00:15:08,520 --> 00:15:10,240
hundreds of millions. 
And this one I think is the 

284
00:15:10,240 --> 00:15:15,360
thirtest third smallest tranche.
And then we saw that ETH, 

285
00:15:15,600 --> 00:15:18,720
interestingly Grayscale withdrew
their ETH futures ETF 

286
00:15:18,720 --> 00:15:23,040
application and that that that 
got taken relatively negatively.

287
00:15:23,040 --> 00:15:29,440
So you saw an under performance 
in ETH since then and I mean 

288
00:15:29,440 --> 00:15:33,360
everything sold off, but it 
definitely felt like ETH was 

289
00:15:33,760 --> 00:15:36,120
feeling good. 
It was one of those periods 

290
00:15:36,120 --> 00:15:37,920
where I was like oh, you know, 
it's a bit about performance 

291
00:15:37,920 --> 00:15:40,800
here. 
Maybe this is the time and then 

292
00:15:40,800 --> 00:15:43,360
I don't know let me bring up 
like Sol Eath and Bitcoin Eath. 

293
00:15:43,360 --> 00:15:47,960
But it's definitely they're 
definitely reversed again and 

294
00:15:47,960 --> 00:15:54,200
just not really too sure not 
really too sure what to what to 

295
00:15:54,200 --> 00:15:59,800
make of that but I I suspect we 
won't see an ETF soon. 

296
00:15:59,800 --> 00:16:03,840
I think we will see one in the 
medium term but but probably 

297
00:16:03,840 --> 00:16:06,240
does still feel like concretely 
we're not going to see that one 

298
00:16:06,320 --> 00:16:08,560
in in May. 
I want to pull him up. 

299
00:16:08,560 --> 00:16:10,640
Let me just bring up open up 
Polymarket for that. 

300
00:16:11,400 --> 00:16:15,560
And then the other thing, 
because I think in terms of D 

301
00:16:15,560 --> 00:16:19,520
Jenning, it hasn't been a great 
period for for meme coins. 

302
00:16:20,760 --> 00:16:25,600
I think for the last, for the 
last, I don't know, 3-4 days, 

303
00:16:25,600 --> 00:16:30,880
most things are down. 
My duck is, I'm coming to East 

304
00:16:30,880 --> 00:16:37,560
J, Duck Jesus, it's holding up. 
It's holding up but it hasn't 

305
00:16:37,560 --> 00:16:41,240
been a great period but most 
people have been on blast and 

306
00:16:42,600 --> 00:16:45,480
why don't the interesting story 
is what's actually happened with

307
00:16:45,480 --> 00:16:49,440
this gold because it's something
that I think you knew have 

308
00:16:49,440 --> 00:16:53,320
benefit benefited from. 
But has has has rubbed a lot of 

309
00:16:53,320 --> 00:16:56,760
people the wrong way in the in 
the, in the, yeah, in the Blast 

310
00:16:56,760 --> 00:16:59,400
community when when you give the
the TLDR on what's going on 

311
00:16:59,400 --> 00:17:02,720
there. 
Yeah, so there's this thing that

312
00:17:02,720 --> 00:17:07,000
came out a few days ago which is
called the blast gold jackpot. 

313
00:17:07,760 --> 00:17:12,720
And basically if you own a token
or an NFT it gives you an entry 

314
00:17:12,720 --> 00:17:15,480
to the jackpot and certain 
tokens NFTS have high 

315
00:17:15,480 --> 00:17:17,359
probabilities of winning than 
others. 

316
00:17:17,720 --> 00:17:19,400
We don't know what the 
probabilities are or the what 

317
00:17:19,400 --> 00:17:23,520
the weightings are, but BLAST 
does have a list of different 

318
00:17:23,520 --> 00:17:26,440
factors that affect it. 
They say tokens have high 

319
00:17:26,440 --> 00:17:29,320
probability than NFTS. 
They say things like market 

320
00:17:29,320 --> 00:17:33,920
caps, social engagement, all 
these things add to the 

321
00:17:33,920 --> 00:17:37,320
probability being higher. 
If you're a new coin or token, 

322
00:17:37,320 --> 00:17:39,520
you also get a high probability 
as well. 

323
00:17:39,520 --> 00:17:44,040
So you know all that stuff was 
made public and it came out and 

324
00:17:44,360 --> 00:17:46,640
I think Pacman won the first 
jackpot. 

325
00:17:46,640 --> 00:17:50,040
It was quite a big and there 
being quite a lot of gold for 

326
00:17:50,040 --> 00:17:52,560
people and it's fine. 
And I think Fancy Top won the 

327
00:17:52,560 --> 00:17:54,800
next one. 
Then a token called Big won the 

328
00:17:54,800 --> 00:17:58,120
third one and then Blast won it 
again yesterday. 

329
00:17:58,680 --> 00:18:01,000
But the payout was quite large 
for Blast now. 

330
00:18:02,280 --> 00:18:04,440
Sorry. 
You said blast one it but it. 

331
00:18:04,560 --> 00:18:09,200
Was packed, sorry Pack Me won it
again yesterday, but the payout 

332
00:18:09,200 --> 00:18:11,200
was quite large. 
One thing to note is like the 

333
00:18:11,560 --> 00:18:14,200
market cap of Pack Me has 
increased quite a lot recently, 

334
00:18:14,200 --> 00:18:19,480
like it's I think quadrupled in 
the space of about a week, maybe

335
00:18:19,480 --> 00:18:23,000
10 days or so. 
So maybe that's a factor to it 

336
00:18:23,000 --> 00:18:24,920
getting a higher allocation 
because like as its market cap 

337
00:18:24,920 --> 00:18:27,240
goes higher, we know that its 
probability will increase and 

338
00:18:27,240 --> 00:18:30,360
maybe that results and it also 
getting like a high proportion 

339
00:18:30,360 --> 00:18:32,560
of the jackpot, whatever. 
But I think, you know, obviously

340
00:18:32,560 --> 00:18:35,600
anyone who owned PAC Moon pretty
happy with it because they just 

341
00:18:35,600 --> 00:18:38,640
got a shit ton of gold for 
people who don't own much PAC 

342
00:18:38,640 --> 00:18:42,160
Moon and have spent a long time 
farming different daps and stuff

343
00:18:42,160 --> 00:18:44,440
on on blast a little bit like 
well there's a kick in the face 

344
00:18:44,440 --> 00:18:48,600
because I spent weeks and months
farming all the stuff and using 

345
00:18:48,600 --> 00:18:51,960
all these protocols and daps and
stuff and I've, you know, the 

346
00:18:51,960 --> 00:18:54,640
amount of gold that I've got has
been completely dwarfed by some 

347
00:18:54,640 --> 00:18:57,480
people who just like won this 
jackpot basically from owning a 

348
00:18:57,480 --> 00:18:59,480
meme coin. 
So that's kind of like the 

349
00:18:59,480 --> 00:19:03,040
debate at at hand. 
My personal opinion is like, 

350
00:19:03,040 --> 00:19:06,640
look, all this information was 
like public and I made, you 

351
00:19:06,640 --> 00:19:11,720
know, made available to everyone
and you as a crypto speculator 

352
00:19:12,400 --> 00:19:14,600
had a choice to make. 
It's like, do you want to spend 

353
00:19:14,600 --> 00:19:18,400
all your capital on farming daps
and stuff or do you want to like

354
00:19:18,400 --> 00:19:22,320
pay this jackpot, whatever, And 
that's totally up to you and 

355
00:19:22,320 --> 00:19:23,800
maybe you have it split between 
the two. 

356
00:19:23,800 --> 00:19:27,280
So I think for me, I was like, 
you know, I owned PAC Moon 

357
00:19:27,680 --> 00:19:29,800
before even the jackpot had 
started. 

358
00:19:29,800 --> 00:19:32,120
But I bought more after they 
started the jackpot because to 

359
00:19:32,120 --> 00:19:34,240
me it was quite clear that like 
it would have a high chance of 

360
00:19:34,240 --> 00:19:36,360
not only winning once, but 
winning multiple times. 

361
00:19:36,360 --> 00:19:40,840
Like it is like the ultimate 
best meme coin on blast. 

362
00:19:40,840 --> 00:19:43,400
And in my opinion, if you've 
meme coins have been so massive 

363
00:19:43,400 --> 00:19:47,720
this year and the biggest Solana
on boarding event were meme 

364
00:19:47,720 --> 00:19:49,480
coins. 
Like people joined Solana just 

365
00:19:49,480 --> 00:19:52,560
to put it around the meme coins.
So if you're trying to, like, 

366
00:19:52,560 --> 00:19:55,560
incentivize people to go on to 
blast and use it, I think the 

367
00:19:55,560 --> 00:19:58,720
prospect of an active meme coin 
community and a meme coin taking

368
00:19:58,720 --> 00:20:01,280
off is actually much better way 
to get people, real users on 

369
00:20:01,280 --> 00:20:04,320
blast. 
Than farming daps for gold, 

370
00:20:04,320 --> 00:20:06,240
where most people like, let's be
honest, if it's like I've been, 

371
00:20:06,440 --> 00:20:08,680
you know, firing these daps for 
a long time, it's like, yeah, 

372
00:20:08,680 --> 00:20:11,040
dude, but like, you're only 
farming them because you can get

373
00:20:11,040 --> 00:20:12,040
gold and you're going to get 
paid. 

374
00:20:12,040 --> 00:20:13,640
If it wasn't for that, you 
wouldn't actually be using any 

375
00:20:13,640 --> 00:20:16,480
of this stuff. 
Whereas for PAC Moon, people 

376
00:20:16,480 --> 00:20:20,240
were actually buying this token 
as a meme without getting any 

377
00:20:20,240 --> 00:20:22,000
rewards. 
The jackpot thing was only very 

378
00:20:22,000 --> 00:20:24,640
recently. 
So you know if anything like it 

379
00:20:24,640 --> 00:20:27,760
is the most organic community 
and thing on blast because 

380
00:20:27,760 --> 00:20:30,640
people had owned it without 
expecting any rewards and now 

381
00:20:30,640 --> 00:20:33,280
people may be own it for the 
rewards because you know that 

382
00:20:33,280 --> 00:20:36,120
that's it's it's shown that it 
can win it a couple of times. 

383
00:20:36,120 --> 00:20:38,360
But before that like it's 
arguably the most organic 

384
00:20:38,360 --> 00:20:40,800
community because people weren't
farming. 

385
00:20:40,800 --> 00:20:42,920
It was nothing to farm. 
You just own it and if anything 

386
00:20:42,920 --> 00:20:46,120
it's a disadvantage to own that 
rather than E or USDB on blast 

387
00:20:46,120 --> 00:20:47,840
because you didn't even get 
blast points for it. 

388
00:20:48,640 --> 00:20:50,920
So that's my $0.02 on it. 
Like, I understand why people 

389
00:20:50,920 --> 00:20:53,800
are pissed off, but I just think
to me it was obvious that you'd 

390
00:20:53,800 --> 00:20:55,600
want to have your ships and this
and not the other stuff 

391
00:20:55,600 --> 00:20:59,840
basically. 
Yeah, I think that's two 

392
00:20:59,840 --> 00:21:02,440
separate points. 
I think what I would say is that

393
00:21:02,520 --> 00:21:04,960
if you were reading between the 
lines, the bright play was to 

394
00:21:04,960 --> 00:21:08,040
buy Pac-Man. 
I bought, I bought Pac-Man when 

395
00:21:08,040 --> 00:21:09,240
I heard about this happening, 
right? 

396
00:21:09,240 --> 00:21:12,600
I bought and I think I'm 
probably now have more gold than

397
00:21:12,600 --> 00:21:16,320
people who were farming for the 
last six months and I barely had

398
00:21:16,320 --> 00:21:19,560
any money on blast. 
So I think more you have to 

399
00:21:19,560 --> 00:21:22,640
separate like once the 
information was out there what 

400
00:21:22,640 --> 00:21:25,040
should you have done and 
separately is this good for the 

401
00:21:25,040 --> 00:21:28,280
protocol like do you think this 
is now good for the protocol. 

402
00:21:28,280 --> 00:21:29,400
I think it's a separate 
question. 

403
00:21:29,720 --> 00:21:33,720
I I think you can you can it's 
it's defensible to say well this

404
00:21:33,720 --> 00:21:36,480
was the obvious move and 
everyone who did it has made 

405
00:21:36,480 --> 00:21:41,320
money but now you've got a bunch
of people who are annoyed, would

406
00:21:41,600 --> 00:21:45,320
like my guess now is that he's 
going to have to make some 

407
00:21:45,320 --> 00:21:49,240
changes right And pretty drastic
ones because like I said, like I

408
00:21:49,240 --> 00:21:56,040
came on I bought like a more 
decent clip of of PAC Moon and 

409
00:21:56,160 --> 00:22:00,040
yeah like I got a lot of gold 
and I have not been on blast. 

410
00:22:00,520 --> 00:22:02,640
Like I have not I haven't done 
anything on blast. 

411
00:22:02,800 --> 00:22:04,640
I just bought the meme coin 
because I was like, well this is

412
00:22:04,640 --> 00:22:08,160
the trade, but. 
What's more valuable for, What's

413
00:22:08,160 --> 00:22:12,080
more valuable for BLAST? 
Like you putting in, you putting

414
00:22:12,080 --> 00:22:14,520
in, yeah, you putting in all 
that capital to speculate in the

415
00:22:14,520 --> 00:22:16,160
meme coin and then winning some 
money. 

416
00:22:16,160 --> 00:22:21,640
I think having another look at 
it as a power user or 5000 

417
00:22:21,640 --> 00:22:27,480
people, you know trading watches
and then who are instantly going

418
00:22:27,480 --> 00:22:29,800
to stop trading watches once the
gold is done like. 

419
00:22:30,120 --> 00:22:31,480
You tell me a little bit more 
about this. 

420
00:22:31,480 --> 00:22:34,160
So it has. 
Has the farming elsewhere been 

421
00:22:34,160 --> 00:22:36,360
negative EV for people? 
Because it feels like it maybe 

422
00:22:36,360 --> 00:22:39,440
has and I don't know. 
It depends. 

423
00:22:39,440 --> 00:22:43,320
I think there have been there's 
been some stuff where it's been 

424
00:22:43,320 --> 00:22:45,760
pretty positive EV like you 
haven't had to like district one

425
00:22:45,760 --> 00:22:47,880
for example. 
You haven't had to really spend 

426
00:22:47,880 --> 00:22:50,680
any ETH like tiny amounts of ETH
and you'll be able to wherever 

427
00:22:50,680 --> 00:22:53,040
you get there is like pure 
alpha. 

428
00:22:54,520 --> 00:22:56,400
I think something a lot of 
people got wrecked on was crypto

429
00:22:56,400 --> 00:23:00,120
valleys and that yield token and
you have to pile up that yield 

430
00:23:00,120 --> 00:23:03,560
token to you know to be 
competitive in the game and that

431
00:23:03,560 --> 00:23:08,360
went down like 7080 or 90%. 
So I think people are a little 

432
00:23:08,360 --> 00:23:11,160
bit pissed that like that was 
the thing that just got crushed 

433
00:23:11,160 --> 00:23:15,440
and went down a lot and hasn't 
won yet And then this this one. 

434
00:23:15,440 --> 00:23:19,360
You know if Pack Moon won the 
exact same amount but they won 

435
00:23:19,360 --> 00:23:22,240
it like 2 weeks later after 
there were a few other winners. 

436
00:23:22,640 --> 00:23:24,080
I don't think the timeline would
be as heated. 

437
00:23:24,080 --> 00:23:27,680
But I just think it's the fact 
that it's won twice in in four 

438
00:23:27,680 --> 00:23:30,240
days and very large amounts. 
People just like for fuck's 

439
00:23:30,280 --> 00:23:33,160
sake. 
But you know this thing is like 

440
00:23:33,160 --> 00:23:35,480
like no one's sitting there hand
picking these things. 

441
00:23:35,480 --> 00:23:39,240
It it goes to show that it is 
actually it's proven that it's 

442
00:23:39,240 --> 00:23:42,120
actually not proven, but it does
go to show that it has been 

443
00:23:42,120 --> 00:23:45,000
chosen at random or probability 
base and not like if they were 

444
00:23:45,000 --> 00:23:47,040
just hand picking these, they 
wouldn't pick the same one twice

445
00:23:47,040 --> 00:23:51,920
in four days, right? 
There's definitely an algo to 

446
00:23:51,920 --> 00:23:54,800
this, but I would say that if I 
was sitting there objectively, I

447
00:23:54,800 --> 00:23:56,240
don't think this is now good for
the platform. 

448
00:23:56,400 --> 00:23:58,000
I think it's good to have one 
meme coin. 

449
00:23:58,800 --> 00:24:01,800
I agree with that concept and I.
But like now I feel as though 

450
00:24:01,800 --> 00:24:03,120
you've got a bunch of people who
are annoyed. 

451
00:24:03,520 --> 00:24:06,280
Like I would. 
I think I would be annoyed if I 

452
00:24:06,280 --> 00:24:10,720
hadn't, if suddenly like what I 
just did right? 

453
00:24:10,720 --> 00:24:12,200
Like, I think I'd be annoyed at 
me. 

454
00:24:12,800 --> 00:24:15,160
But you wouldn't though, because
you had all the information and 

455
00:24:15,160 --> 00:24:16,640
you made your decision. 
You didn't you'd. 

456
00:24:16,760 --> 00:24:18,040
Be annoyed. 
I'd be annoyed. 

457
00:24:18,040 --> 00:24:20,680
Not at me. 
I'd be annoyed at the people who

458
00:24:20,840 --> 00:24:22,520
who decided to to make it like 
that. 

459
00:24:22,520 --> 00:24:25,120
Because it has been like, in the
space of a week. 

460
00:24:25,480 --> 00:24:27,200
Like how long has these 
lotteries gone for? 

461
00:24:27,960 --> 00:24:32,120
But the problem with that logic,
Michael, is that you had all the

462
00:24:32,120 --> 00:24:34,320
information, and with that 
information you decided to go 

463
00:24:34,320 --> 00:24:37,080
and buy a shit load of PAC Moon 
and then you made money, right? 

464
00:24:37,560 --> 00:24:39,960
So you can't really say I would 
have been annoyed if it wasn't 

465
00:24:39,960 --> 00:24:43,080
me because everyone had the same
information and you made a 

466
00:24:43,480 --> 00:24:44,880
better decision than other 
people. 

467
00:24:45,120 --> 00:24:46,360
That is just the fact of the 
matter. 

468
00:24:46,440 --> 00:24:49,800
Yeah, so but like, not trying to
be a Dick here, but like that is

469
00:24:50,040 --> 00:24:52,840
what it is. 
And like, yeah, it's crazy that 

470
00:24:52,840 --> 00:24:55,600
it's won twice in four days, but
it would have won anyway under 

471
00:24:55,600 --> 00:24:58,120
the current, like, metrics and 
probabilities and and 

472
00:24:58,120 --> 00:25:00,640
everything. 
So it just was the better trade 

473
00:25:00,640 --> 00:25:04,280
because you have a chance of 
winning a ton of blast gold and 

474
00:25:04,280 --> 00:25:06,120
you also have a chance of the 
token going a lot higher. 

475
00:25:06,120 --> 00:25:08,440
You have like multiple return 
streams. 

476
00:25:08,800 --> 00:25:11,040
OK, so let's take. 
Let's take away all the morals 

477
00:25:11,040 --> 00:25:12,120
of it. 
What do we What do we think he 

478
00:25:12,120 --> 00:25:15,600
does now? 
I think in my opinion, they 

479
00:25:15,600 --> 00:25:18,120
won't come out and publicly say 
they would change it because I 

480
00:25:18,120 --> 00:25:20,120
think that kind of admits that 
they were wrong. 

481
00:25:20,120 --> 00:25:23,000
And whether it's right or wrong 
I think is still up for debate. 

482
00:25:23,000 --> 00:25:28,120
But I wouldn't be surprised if 
they like lowered fiddle around 

483
00:25:28,120 --> 00:25:31,760
with some weightings, for 
example in the back end and and 

484
00:25:31,760 --> 00:25:34,480
then maybe the probability of 
Pat win to win again is lower, 

485
00:25:34,480 --> 00:25:39,440
but could they? 
They say like once you've won a 

486
00:25:39,440 --> 00:25:42,640
million, like that's it. 
They could do that. 

487
00:25:42,640 --> 00:25:44,800
They could say that seems like 
a. 

488
00:25:45,160 --> 00:25:47,960
Smarter way of doing it. 
Yeah, like they could say you 

489
00:25:47,960 --> 00:25:51,320
could only win three times or 
you can't win more than a 

490
00:25:51,320 --> 00:25:53,960
certain number of times within a
certain time frame or something 

491
00:25:53,960 --> 00:25:56,240
like that. 
Yeah, because I think they 

492
00:25:56,240 --> 00:25:58,360
probably do want other meme 
coins to do well, right? 

493
00:25:59,560 --> 00:26:02,240
And they want other NFTS to do 
well and they want other things.

494
00:26:02,240 --> 00:26:05,400
But like if, like you said, it 
does feel like it's a lot of 

495
00:26:05,400 --> 00:26:09,920
gold, and it's 50% currently 
probability that PAC Moon wins 

496
00:26:09,920 --> 00:26:13,560
it, it doesn't feel like the 
right way. 

497
00:26:13,560 --> 00:26:15,120
It just feels like a PAC Moon 
AirDrop, right? 

498
00:26:15,200 --> 00:26:17,440
It feels like they've given 
basically 1.5 million. 

499
00:26:18,320 --> 00:26:19,880
We don't know the probabilities 
or the alga. 

500
00:26:19,880 --> 00:26:23,200
That's the thing. 
And it could have been 3%, but 

501
00:26:23,200 --> 00:26:25,440
it just happened. 
You know, even if it was just 

502
00:26:25,440 --> 00:26:28,600
3%, it's still, there's still a 
possibility it can happen. 

503
00:26:30,200 --> 00:26:33,400
You know what I mean? 
So I also think he needs to 

504
00:26:33,400 --> 00:26:35,200
move. 
And I think he needs to. 

505
00:26:35,520 --> 00:26:40,360
My guess is that he will do some
some form of a limit. 

506
00:26:40,720 --> 00:26:43,480
I I I thought about selling. 
I told you today, I felt thought

507
00:26:43,480 --> 00:26:45,360
about selling to my PAC Moon. 
It's actually rallied. 

508
00:26:45,640 --> 00:26:49,120
But I feel as though if I go 
through the next moves here, I 

509
00:26:49,120 --> 00:26:51,680
don't see a world where PAC Moon
continues to win. 

510
00:26:53,600 --> 00:26:56,520
And I reckon that causes that 
there's no good options here 

511
00:26:56,520 --> 00:26:58,800
because people who own PAC Moon 
and they're buying it right now 

512
00:26:58,800 --> 00:27:00,880
are probably sitting there going
like, well, this is now the 

513
00:27:00,880 --> 00:27:04,000
obvious trade, but then. 
Yeah, like. 

514
00:27:05,200 --> 00:27:06,280
I think he needs to move 
quickly. 

515
00:27:06,640 --> 00:27:08,520
I think he needs to. 
He needs to move quickly. 

516
00:27:08,600 --> 00:27:12,280
It's fun in every scenario here 
in my opinion, but he's because 

517
00:27:12,280 --> 00:27:14,320
I think it's. 
I think people have been caught 

518
00:27:14,320 --> 00:27:17,400
off guard. 
I agree with you that like 

519
00:27:17,400 --> 00:27:20,360
that's not maybe his fault but I
think the incentives was have 

520
00:27:20,360 --> 00:27:23,920
slight maybe we're not we're too
aggressive for what he expected 

521
00:27:24,600 --> 00:27:27,720
that's that's what I would say. 
So that's that's been the only 

522
00:27:27,720 --> 00:27:34,240
drama I've seen in in in I would
say NFTS and crypto. 

523
00:27:34,360 --> 00:27:37,840
It feels as though like I said, 
the meme coins are are a little 

524
00:27:37,920 --> 00:27:40,320
little bit soggy. 
A lot of the stories that were 

525
00:27:40,320 --> 00:27:46,520
doing well, not doing so well 
and then the only real ones that

526
00:27:46,520 --> 00:27:49,960
rally but the platify coins on 
the back of that, on the back 

527
00:27:50,000 --> 00:27:52,480
back of that speech. 
So the top of my movers are 

528
00:27:52,480 --> 00:27:57,960
Trent Trump USA and Boden and 
PAC move obviously because on on

529
00:27:57,960 --> 00:28:03,880
the back of that. 
I think the only yeah my my my 

530
00:28:03,880 --> 00:28:06,680
last comment would be you 
mentioned it would be good for 

531
00:28:06,680 --> 00:28:09,800
other mean coins to rally. 
I think you need one flagship 

532
00:28:09,800 --> 00:28:10,840
coin. 
You need a whiff. 

533
00:28:11,440 --> 00:28:14,720
You need a Pepe on blast for it 
to take off. 

534
00:28:14,720 --> 00:28:17,840
I think if you get a whiff for a
Pepe like move on PAC moon then 

535
00:28:18,040 --> 00:28:21,200
inevitably other meme coins will
start taking off and you know 

536
00:28:21,200 --> 00:28:24,360
there's a you can use pump dot 
fun on blast by the way like no 

537
00:28:24,360 --> 00:28:27,160
one it's been on blast since 
February or something like that.

538
00:28:27,200 --> 00:28:32,000
So you know if you if PAC Moon 
can go to 500 mil or a billion 

539
00:28:32,000 --> 00:28:35,080
dollars wherever it is that 
needs to, then you're going to 

540
00:28:35,080 --> 00:28:39,200
see the Pump dot fun engine 
start turning on for BLAST and 

541
00:28:39,200 --> 00:28:41,840
you will see a massive meme coin
community there and that will 

542
00:28:42,040 --> 00:28:43,120
then blast will already take 
off. 

543
00:28:43,120 --> 00:28:47,960
I think so, I think. 
I agree like a a a winner is is 

544
00:28:47,960 --> 00:28:49,560
important. 
I do agree with that too. 

545
00:28:49,560 --> 00:28:52,800
I just feel as though if it's a 
winner, that pisses off all the 

546
00:28:52,800 --> 00:28:55,680
other users and all the other 
users who've been using the 

547
00:28:55,680 --> 00:28:57,440
apps, the apps. 
I don't know if that's like a 

548
00:28:57,480 --> 00:28:59,920
winner or it's just like an 
artificial hump which people 

549
00:28:59,920 --> 00:29:01,560
will get pissed about. 
That's fair. 

550
00:29:02,080 --> 00:29:04,040
That's why we are. 
Winners now?

