1 00:00:00,000 --> 00:00:02,360 Yo, yo, yo, what up? What up? Good 2 00:00:02,360 --> 00:00:06,320 morning. Good morning. GMG. 3 00:00:11,959 --> 00:00:22,519 Monday, Monday, Monday, April 29, 2020. Look 4 00:00:22,519 --> 00:00:25,720 at that. Another beautiful day to have a 5 00:00:25,720 --> 00:00:28,540 beautiful day. We're going a little early today, 6 00:00:28,540 --> 00:00:32,180 but we are out here with my co's Bando. What's 7 00:00:32,180 --> 00:00:33,360 up? How are you doing this week? 8 00:00:34,020 --> 00:00:34,660 Doing great. Man, 9 00:00:34,680 --> 00:00:37,460 how are you? I am vibing currently getting 10 00:00:37,460 --> 00:00:41,860 the FOMO hour account on the Twitter space. We 11 00:00:41,860 --> 00:00:43,560 call the people by surprise. People 12 00:00:43,560 --> 00:00:45,680 like, holy shit, let's get a little retweets. Let's 13 00:00:45,680 --> 00:00:47,080 get a few retweets out. Give 14 00:00:47,080 --> 00:00:49,400 us a little love at the bottom right. There 15 00:00:49,400 --> 00:00:53,380 is the pebble box, you know what to do. And 16 00:00:53,380 --> 00:00:59,280 and give us a We'll go, we'll be getting started in 17 00:00:59,280 --> 00:01:01,860 a second here. I don't know what my 18 00:01:01,860 --> 00:01:03,020 notification my I'm good. Right? 19 00:01:03,080 --> 00:01:04,140 You guys hear me right? Right? 20 00:01:04,959 --> 00:01:09,280 You guys hear me properly through the show? Yeah, 21 00:01:09,280 --> 00:01:10,960 my old tester. Yeah. Okay. Cause 22 00:01:10,960 --> 00:01:13,740 cause I get notifications outside of it, which is 23 00:01:13,740 --> 00:01:14,980 weird. But anyways, there's always 24 00:01:14,980 --> 00:01:18,300 always something going on with the stream yard. 25 00:01:18,460 --> 00:01:20,280 Anyways, anyways, let the people 26 00:01:20,280 --> 00:01:22,420 know, we're on live today. Let 27 00:01:22,420 --> 00:01:24,460 the people know We're live today. Oh 28 00:01:24,460 --> 00:01:26,040 my lord. Oh my this morning. I 29 00:01:26,040 --> 00:01:29,480 woke up a check price obviously bad price and 30 00:01:29,480 --> 00:01:31,920 then Everybody's losing their minds all over the 31 00:01:31,920 --> 00:01:33,240 place once again. I'm out here. Just 32 00:01:33,240 --> 00:01:36,940 trying to get my workout in chill You know and and 33 00:01:36,940 --> 00:01:38,300 do my thing. I know that there's friend 34 00:01:38,300 --> 00:01:40,420 air drop this week I was just Eigen liar this big 35 00:01:40,420 --> 00:01:42,700 and liar air drop this week I know runes are 36 00:01:42,700 --> 00:01:44,340 cooking. I know a lot of stuff is 37 00:01:44,340 --> 00:01:46,780 happening I know everything's good in my 38 00:01:46,780 --> 00:01:50,800 hood for some while. It's not so great in in other 39 00:01:50,800 --> 00:01:55,640 hoods. So anyways Today today, let's 40 00:01:55,640 --> 00:01:58,600 see what we got going on market report Well, they 41 00:01:58,600 --> 00:02:00,320 yen dude We gotta talk about Japan for like a 42 00:02:00,320 --> 00:02:02,080 hard second man look cuz that you got explain me 43 00:02:02,080 --> 00:02:04,440 what the fuck is going on there I saw that chart. It 44 00:02:04,440 --> 00:02:07,620 looks like my favorite meme coins East gas trees at 45 00:02:07,620 --> 00:02:10,199 six month flow. I mean good time to put your 46 00:02:10,199 --> 00:02:13,380 grails in the vault BTC now in track for five red 47 00:02:13,380 --> 00:02:16,140 weeks in the world. Oh, wow five red weeks in a 48 00:02:16,140 --> 00:02:19,420 row. Jeez. Look at that Egg and lie 49 00:02:19,420 --> 00:02:21,400 I can lie here. Like I said, we have friends. 50 00:02:21,460 --> 00:02:22,040 We have a lot of stuff 51 00:02:22,040 --> 00:02:24,760 happening this week All to memes and dreams a lot of 52 00:02:24,760 --> 00:02:27,600 hot coins this week and again, especially cool man's 53 00:02:29,839 --> 00:02:33,500 I'm just the artist and That's what that one's 54 00:02:33,500 --> 00:02:36,400 going down as an all -time line that is going that is 55 00:02:36,400 --> 00:02:39,340 going down as the line I at least he was honest 56 00:02:39,340 --> 00:02:41,520 about it. I feel like a lot of you 57 00:02:41,520 --> 00:02:44,960 know, soo though, you know Artists 2021, you know, 58 00:02:44,960 --> 00:02:46,860 just didn't even have the nerve to use that line 59 00:02:46,860 --> 00:02:49,600 Mando We'll talk about it. I 60 00:02:49,600 --> 00:02:51,020 want to talk about what happened with Obi this 61 00:02:51,020 --> 00:02:53,060 weekend But I know he's on because he had force 62 00:02:53,060 --> 00:02:55,540 majeure in his home the poor guy his walls are 63 00:02:55,540 --> 00:02:57,880 literally collapsing What is going on in London Mando? 64 00:02:58,060 --> 00:03:01,080 You tell me? So 65 00:03:01,080 --> 00:03:03,360 you'll come at some point rune court launch on okx. 66 00:03:03,440 --> 00:03:05,220 We'll go over some stuff and of 67 00:03:05,220 --> 00:03:07,580 course our guest is emmerich I got my hoodie 68 00:03:07,580 --> 00:03:08,960 right next to me. Damn. It's pretty. I 69 00:03:08,960 --> 00:03:10,200 got it. I got a flaunt That was in 70 00:03:10,200 --> 00:03:12,260 home when we last had emmerich on stomach side 71 00:03:12,260 --> 00:03:14,420 tough Kobe McRabby on she had a very successful mint 72 00:03:14,420 --> 00:03:16,660 And last but not least this show is presented by 73 00:03:16,660 --> 00:03:19,100 fair side networked our monthly partner Well the 74 00:03:19,100 --> 00:03:20,980 coverage for drain scams and more make sure you 75 00:03:20,980 --> 00:03:23,280 check them out fair side network on X anyways 76 00:03:23,280 --> 00:03:26,980 anyways Without further ado, why don't we just get 77 00:03:26,980 --> 00:03:40,180 right into it? How 78 00:03:40,180 --> 00:03:47,400 we doing that's It is sorry, let me just join 79 00:03:47,400 --> 00:03:49,820 the space first. I love that. I 80 00:03:49,820 --> 00:03:54,540 love that how we don't let's The hot on sort of 81 00:03:54,540 --> 00:03:57,660 day we used to call them So what you saw on the 82 00:03:57,660 --> 00:04:01,740 white hot hats hard hats on as in like what is it 83 00:04:01,740 --> 00:04:04,280 me? This means shit's raining down 84 00:04:04,280 --> 00:04:06,200 us right now. We need to need to save 85 00:04:06,200 --> 00:04:08,820 ourselves Definitely not been the best of weeks. I 86 00:04:08,828 --> 00:04:21,100 think for no for For for crypto we had a little bit 87 00:04:21,100 --> 00:04:24,800 of a grit like a I would say a slither of hope on 88 00:04:24,800 --> 00:04:28,180 on the weekend because we saw ETH rally And there 89 00:04:28,180 --> 00:04:30,960 was some it looked like one of the ETS was listed 90 00:04:30,960 --> 00:04:34,220 on DTCC I think it was the Franklin or the SLTTF 91 00:04:34,780 --> 00:04:36,980 So people are like, oh, maybe the ETH, you know, 92 00:04:37,020 --> 00:04:38,520 it's gonna get listed and obviously there's also on 93 00:04:38,520 --> 00:04:42,220 the back of of Consensus suing the SEC. Yeah 94 00:04:43,140 --> 00:04:45,980 That seemed to be kind of another you know how we've 95 00:04:45,980 --> 00:04:47,740 seen recently when ETH rallies everything dumps 96 00:04:49,540 --> 00:04:57,880 Again, bro Like yeah, it was the final we had a 97 00:04:57,880 --> 00:05:04,300 little rally thing up to 0 .05 if BTC and And Yeah, 98 00:05:04,380 --> 00:05:06,920 the then everything's dumped since everything's down 99 00:05:06,920 --> 00:05:08,860 again. Bitcoin is still holding up. Okay, 100 00:05:09,000 --> 00:05:10,800 like we're still sitting here at Bitcoin It's 62k. 101 00:05:10,920 --> 00:05:12,020 It's not hit a low low than 102 00:05:12,020 --> 00:05:15,620 hit recently, but most altcoins most meme coins 103 00:05:15,620 --> 00:05:19,620 Solana Even ETH is all sold off pretty heavily 104 00:05:19,620 --> 00:05:21,260 over the last 24 hours. It's 105 00:05:21,260 --> 00:05:23,300 not feeling that great out there. I 106 00:05:23,300 --> 00:05:27,160 would say I've been bullish on on Bitcoin because it 107 00:05:27,160 --> 00:05:32,140 felt like flows were Were still supportive but now 108 00:05:32,140 --> 00:05:34,960 around for three weeks of outflows from the ETF three 109 00:05:34,960 --> 00:05:38,800 weeks of outflows from the ETF nothing too crazy, but 110 00:05:38,800 --> 00:05:41,400 I Think you have to be realistic there. It's 111 00:05:41,400 --> 00:05:43,820 not just been one week in isolation This is now a 112 00:05:43,820 --> 00:05:46,060 bit of a trend and you could say that's backward 113 00:05:46,060 --> 00:05:47,780 -looking But it does put us on a slightly more 114 00:05:47,780 --> 00:05:50,160 precarious scenario that it feels like the ETFs of 115 00:05:50,160 --> 00:05:52,920 just not picking up We do have the Hong Kong ETF 116 00:05:52,920 --> 00:06:04,480 launching this week But I think it's They yeah, it's 117 00:06:04,480 --> 00:06:07,320 it's just a bit of a disaster I think from from 118 00:06:07,940 --> 00:06:09,860 Well, not a disaster, but it's definitely not been a 119 00:06:09,860 --> 00:06:14,020 strong three weeks what people expected And I think 120 00:06:14,020 --> 00:06:16,500 as we've said before like with Bitcoin catchers are 121 00:06:16,500 --> 00:06:20,100 cold everything else is getting Covid at this day 122 00:06:20,100 --> 00:06:30,920 like it's Horrific Bitcoin catchers are cold everything 123 00:06:30,920 --> 00:06:33,660 catches Covid it seems that dude. I'm 124 00:06:33,660 --> 00:06:45,800 gonna tweet that That was a good quote My god, it's 125 00:06:45,800 --> 00:06:47,420 true man. I mean look because it's 62 126 00:06:47,420 --> 00:06:49,000 K. What are you seeing like on the 127 00:06:49,000 --> 00:06:50,740 trader side? Like what's trader man though? 128 00:06:50,760 --> 00:06:52,720 What's the mando trader out? I've 129 00:06:52,720 --> 00:06:54,300 been bullish on Bitcoin like I still think Bitcoin 130 00:06:54,300 --> 00:06:59,280 is is is doing Is a good point and I think I also 131 00:06:59,280 --> 00:07:03,560 still believe that This is a sort of time where 132 00:07:04,360 --> 00:07:07,220 Everything is down. So if you if your coin hasn't 133 00:07:07,220 --> 00:07:08,960 done well this year and you're still holding on to 134 00:07:08,960 --> 00:07:12,860 it Like this is not a bad time to get into a better 135 00:07:12,860 --> 00:07:16,720 narrative and play a bounce, you know, so like 136 00:07:17,820 --> 00:07:21,240 You know if you're in some L1 or you're in some D5 137 00:07:21,240 --> 00:07:22,980 corn you're like all these down to just haven't really 138 00:07:22,980 --> 00:07:25,700 caught on and feels like They're probably not gonna 139 00:07:25,700 --> 00:07:27,600 beat that love this cycle. I 140 00:07:27,600 --> 00:07:29,960 think it's not the worst time to consider You know, 141 00:07:29,980 --> 00:07:32,140 maybe a different L1 maybe a different narrative like 142 00:07:32,140 --> 00:07:35,460 which which could bounce very aggressively back if 143 00:07:35,919 --> 00:07:37,480 We get a strong footing. So 144 00:07:37,480 --> 00:07:38,860 definitely consider that if you don't want to go into 145 00:07:38,860 --> 00:07:42,460 Bitcoin Which you know, some people might not like 146 00:07:42,460 --> 00:07:45,080 your if your coin is down 50 % and I'm telling you 147 00:07:45,080 --> 00:07:47,960 to get into Bitcoin Which is only down 10 or 15 % 148 00:07:47,960 --> 00:07:49,540 you might probably like well I want to make that 149 00:07:49,540 --> 00:07:53,300 my my money you can get into another coin here But 150 00:07:53,300 --> 00:07:56,740 just be like aware that don't just hold on that 151 00:07:56,740 --> 00:07:58,480 coin that's been down all year or hasn't really done 152 00:07:58,480 --> 00:08:01,740 that well That's the same for any asset so far this 153 00:08:01,740 --> 00:08:03,080 year. We've been a raging bull market 154 00:08:03,659 --> 00:08:06,180 You've now got an opportunity use this down 155 00:08:06,180 --> 00:08:08,660 like this down move think about it on the front foot 156 00:08:08,660 --> 00:08:10,920 like wow I get another I get an opportunity now to 157 00:08:10,920 --> 00:08:13,860 get into something which Which is probably gonna be 158 00:08:13,860 --> 00:08:15,840 a better better cycle play. So 159 00:08:15,840 --> 00:08:17,360 I think you gotta you gotta consider that a 160 00:08:17,360 --> 00:08:21,620 little bit and You know, there's a there's been a 161 00:08:21,620 --> 00:08:23,960 few different things said though the last 24 hours 162 00:08:23,960 --> 00:08:25,960 like yet Peter Brandt is like a well -known trader 163 00:08:25,960 --> 00:08:28,100 in the space that he he thinks that 70 was the 164 00:08:28,100 --> 00:08:32,799 cycle top you had Bernstein coming out and saying we're 165 00:08:32,799 --> 00:08:36,480 still going to 150 150k this is just a blip we're 166 00:08:36,480 --> 00:08:40,659 gonna see inflows again into the ETF There's been 167 00:08:40,659 --> 00:08:45,320 a lot of hot takes about Japan Do I explain to us 168 00:08:45,320 --> 00:08:47,740 what's happening on the on the Japanese yen side? 169 00:08:48,600 --> 00:08:49,900 Yeah, this is the thing like 170 00:08:49,900 --> 00:08:56,840 crypto Over always says is like we kind of we We 171 00:08:56,840 --> 00:09:00,000 find a narrative and then the price action we like 172 00:09:00,000 --> 00:09:03,500 we pin to it this this narrative and actually It's 173 00:09:03,500 --> 00:09:06,200 not really been the case that that the Japanese yen 174 00:09:06,200 --> 00:09:11,080 is causing global markets to sell off Hey Stocks had 175 00:09:11,080 --> 00:09:13,520 their best week last week tech stocks had their best 176 00:09:13,520 --> 00:09:18,780 week in six months Like gold had a good week. It's 177 00:09:18,780 --> 00:09:20,960 near all -time highs So the two main things that you 178 00:09:20,960 --> 00:09:23,760 would look at for crypto had a good week last week 179 00:09:23,760 --> 00:09:25,480 So to say we're selling off because the Japanese 180 00:09:25,480 --> 00:09:29,180 yen I think is I Don't know. I 181 00:09:29,180 --> 00:09:30,940 think you got I think that's just like us trying 182 00:09:30,940 --> 00:09:32,840 to search for a narrative of why we've sold off 183 00:09:32,840 --> 00:09:37,160 Yeah, basically Japanese yen has been selling off versus 184 00:09:37,160 --> 00:09:41,740 and most Currencies particularly Asian currency 185 00:09:41,740 --> 00:09:44,720 has been selling off versus the dollar Over the course 186 00:09:44,720 --> 00:09:47,460 of the last few months Japanese yen has been very 187 00:09:47,460 --> 00:09:49,980 notably selling off as as the the South Korean one 188 00:09:49,980 --> 00:09:54,660 and even the Chinese Yuan and There has been 189 00:09:54,660 --> 00:09:58,600 speculation And what's really happened there is 190 00:09:58,600 --> 00:10:00,920 that inflation is not as aggressive as it is 191 00:10:00,920 --> 00:10:03,380 potentially in the US and everyone's Been expecting 192 00:10:03,380 --> 00:10:06,820 the Fed to cut interest rates and now is looking 193 00:10:06,820 --> 00:10:08,640 less likely In fact, there's some people who 194 00:10:08,640 --> 00:10:10,640 think they might increase your interest rates And 195 00:10:10,640 --> 00:10:13,120 what that means is the dollar has become stronger 196 00:10:13,120 --> 00:10:14,960 because people are like well My interest rates are 197 00:10:14,960 --> 00:10:16,760 going to be higher in the US and they are everywhere 198 00:10:16,760 --> 00:10:20,540 else The issue about that is that a lot of 199 00:10:20,540 --> 00:10:23,280 currencies have then become incredibly weak versus the 200 00:10:23,280 --> 00:10:26,360 dollar the ending the most and That that's painful for 201 00:10:26,360 --> 00:10:28,880 people in those couple of those countries like Really 202 00:10:28,880 --> 00:10:30,900 big importing countries like if you're importing goods 203 00:10:30,900 --> 00:10:33,620 from from abroad and your currency becomes much weaker 204 00:10:33,620 --> 00:10:37,820 You suddenly, you know, you have a you have a It's a 205 00:10:37,820 --> 00:10:40,400 lot more costly to several different things So they 206 00:10:40,400 --> 00:10:43,400 the central banks of these countries have been saying 207 00:10:43,400 --> 00:10:44,900 for a while that we're going to step in and try 208 00:10:44,900 --> 00:10:47,360 and save this And they can't really raise interest 209 00:10:47,360 --> 00:10:49,580 rates because that there are slightly more precarious 210 00:10:49,580 --> 00:10:52,960 point in terms of growth and also Japan has much 211 00:10:52,960 --> 00:10:56,480 more debt These public debt so it's not really in 212 00:10:56,480 --> 00:11:00,140 position to be able to do that And the issue about 213 00:11:00,140 --> 00:11:03,800 that is also the Jeff that would be okay If they 214 00:11:03,800 --> 00:11:06,620 stepped in to defend it versus the dollar, but they 215 00:11:06,620 --> 00:11:09,880 and people might question their amount of firepower 216 00:11:10,500 --> 00:11:14,180 the Japanese and This is quite protracted. So 217 00:11:14,180 --> 00:11:16,760 I'm sorry if you're not following but the Japan is 218 00:11:16,760 --> 00:11:21,040 also the number one holder of US Treasury's The number 219 00:11:21,040 --> 00:11:23,540 is holding the world of US Treasury's. Oh, 220 00:11:23,580 --> 00:11:27,700 wow, okay, the firepower that Japan has is US 221 00:11:27,700 --> 00:11:30,900 Treasury's so when they say they're gonna defend the 222 00:11:30,900 --> 00:11:33,220 Japanese yen, but not just selling dollars They're 223 00:11:33,220 --> 00:11:38,480 selling US Treasury's. Okay, bond yields go up So what 224 00:11:38,480 --> 00:11:40,600 you've seen is an exacerbation of what's been 225 00:11:40,600 --> 00:11:42,820 going on in the bond yield market and that yields have 226 00:11:42,820 --> 00:11:46,080 been rising And so part of the reason why we've seen 227 00:11:46,080 --> 00:11:49,280 this big big blowout in yields and yields higher is 228 00:11:49,280 --> 00:11:53,100 because Japan is selling these assets and If the 229 00:11:53,100 --> 00:11:55,820 yen continues to face issues, they could really 230 00:11:55,820 --> 00:12:01,320 they could really like smash the US the US on 231 00:12:01,320 --> 00:12:03,760 market essentially and what does that mean for the 232 00:12:03,760 --> 00:12:06,820 economy as a whole would be something short was to 233 00:12:06,820 --> 00:12:09,320 be something Well, that would be quite big like if 234 00:12:09,320 --> 00:12:12,580 you consider like why we sold off last year It was 235 00:12:12,580 --> 00:12:14,400 because of what people called quantitative 236 00:12:14,400 --> 00:12:16,660 tightening Which is where the Fed was selling 237 00:12:16,660 --> 00:12:19,680 similarly these sort of assets back to the market 238 00:12:19,680 --> 00:12:22,240 This would basically be another version of that 239 00:12:22,240 --> 00:12:23,680 except instead of the Fed. It's 240 00:12:23,680 --> 00:12:27,600 the Japanese smashing US Treasury's lower and 241 00:12:27,600 --> 00:12:30,440 creating a sell -off potentially in in global 242 00:12:30,440 --> 00:12:34,300 markets If you think it is justified then based on 243 00:12:34,300 --> 00:12:37,220 that thesis to think that the market correlated to 244 00:12:37,220 --> 00:12:41,280 that so I think This is like the worst case 245 00:12:41,280 --> 00:12:43,560 scenario, right? But I think you also have to 246 00:12:43,560 --> 00:12:46,120 look at like what other assets are doing in 247 00:12:46,120 --> 00:12:48,700 relation to this or how much they Consider is 248 00:12:48,700 --> 00:12:52,320 really the risk here and tech stocks, which would be 249 00:12:52,320 --> 00:12:54,800 battered in that scenario didn't really have that bad 250 00:12:54,800 --> 00:13:01,140 a That that bad a period I mean even Jeff like most 251 00:13:01,140 --> 00:13:03,020 of the stock stock markets around the world haven't 252 00:13:03,020 --> 00:13:05,880 had that horrific a period Bond yields have gone 253 00:13:05,880 --> 00:13:07,920 higher, but the part of that is also to do with 254 00:13:07,920 --> 00:13:11,360 the ad the inflation has gone higher as well It 255 00:13:11,360 --> 00:13:14,780 could there's like a more Guess there's a higher 256 00:13:14,780 --> 00:13:18,080 chance of like a tail event is what what's 257 00:13:18,080 --> 00:13:21,260 happened Got it I think like, you know if this 258 00:13:21,260 --> 00:13:24,480 really does spiral and people continue to attack 259 00:13:24,480 --> 00:13:27,040 the Japanese yen You know there could be like a tail 260 00:13:27,040 --> 00:13:30,040 event here where you have an unwinding of quite a 261 00:13:30,040 --> 00:13:32,740 big position of US Treasuries and that could 262 00:13:32,740 --> 00:13:36,220 cause an issue Sometimes Bitcoin reacts to those 263 00:13:36,220 --> 00:13:38,540 sort of tail events, but more often not it's just 264 00:13:38,540 --> 00:13:41,340 it's which is kind of what we saw with Iran and 265 00:13:41,340 --> 00:13:44,140 Israel The other day like it got battered because 266 00:13:44,140 --> 00:13:46,880 people like they really don't like tail events with 267 00:13:46,880 --> 00:13:49,100 crypto They're like well, what three happens or if 268 00:13:49,100 --> 00:13:50,720 like something nuclear happens like crypto gets 269 00:13:50,720 --> 00:13:54,620 absolutely destroyed that being said like other risk 270 00:13:54,620 --> 00:13:58,740 assets this aren't really The yen is getting affected 271 00:13:59,300 --> 00:14:03,240 But like you haven't seen gold and you haven't seen 272 00:14:04,000 --> 00:14:08,780 You haven't seen First right gold right and I'll 273 00:14:08,780 --> 00:14:10,600 give you a lot of Bitcoin as well as saying you know 274 00:14:10,600 --> 00:14:13,400 like if you're involved in these currencies As we've 275 00:14:13,400 --> 00:14:16,380 said several times in the show Bitcoin is the 276 00:14:16,380 --> 00:14:20,220 lifeboat Right Bitcoin doesn't get inflated away. 277 00:14:20,320 --> 00:14:22,040 Bitcoin doesn't have these sort of 278 00:14:22,040 --> 00:14:26,760 these sort of Yeah, like that's all these events 279 00:14:26,760 --> 00:14:29,100 right that Bitcoin tanks when Bitcoin is supposedly 280 00:14:29,940 --> 00:14:35,200 right It's like You know right now everyone in those 281 00:14:35,200 --> 00:14:38,140 nations is buying gold China and Japan have been 282 00:14:38,140 --> 00:14:40,320 buying gold even more than the people at Costco Like 283 00:14:40,320 --> 00:14:44,080 they're buying gold like insane amounts over the 284 00:14:44,080 --> 00:14:48,640 last year of the last few years even So and gold is 285 00:14:48,640 --> 00:14:52,140 very similar sort of Value proposition to Bitcoin so 286 00:14:52,140 --> 00:14:54,500 could argue that Bitcoin shouldn't do terrible in 287 00:14:54,500 --> 00:14:58,020 these sort of scenarios But so it's I think a lot of 288 00:14:58,020 --> 00:15:01,680 people just put put a narrative Onto the price 289 00:15:01,680 --> 00:15:06,780 action Yes, it's like oh my god, have you seen 290 00:15:06,780 --> 00:15:08,080 what's going on in Japan? I 291 00:15:08,080 --> 00:15:10,780 have But I wouldn't necessarily say that that's 292 00:15:10,780 --> 00:15:13,060 what's causing Bitcoin to go lower I think it coins 293 00:15:13,060 --> 00:15:15,440 going lower because we haven't seen ETF inflows 294 00:15:15,440 --> 00:15:20,300 for for three for three weeks and That's not a 295 00:15:20,300 --> 00:15:22,800 great scenario And the Japanese yen has been 296 00:15:22,800 --> 00:15:26,540 blowing up for six six months a year like this 297 00:15:26,540 --> 00:15:31,320 isn't something that's like yeah Yeah, it went from 298 00:15:31,320 --> 00:15:34,960 150 to 160 But I mean it's been blowing up for a 299 00:15:34,960 --> 00:15:37,180 long long long time. So like I wouldn't necessarily 300 00:15:37,180 --> 00:15:41,640 say this is like oh my god, Japan Let's see though 301 00:15:41,640 --> 00:15:44,440 like it could it could spiral. It 302 00:15:44,440 --> 00:15:46,040 was a Max Kaiser tweet, right? I 303 00:15:46,040 --> 00:15:48,100 think we took it from your stuff, but like he goes 304 00:15:49,020 --> 00:15:51,420 Very few are aware of what's going on here and 305 00:15:51,420 --> 00:15:53,600 the risk involves the yen carry trade has been the 306 00:15:53,600 --> 00:15:56,020 lynchpin Supporting global liquidity for 30 years if 307 00:15:56,020 --> 00:15:58,480 it blows the credit freeze of 2000 would look small 308 00:15:58,480 --> 00:16:00,240 What do you what do you make of something like 309 00:16:00,240 --> 00:16:04,320 that's pretty full state like? Supporting 310 00:16:04,320 --> 00:16:07,280 the lynchpin supporting liquidity for 30 years 311 00:16:14,839 --> 00:16:17,720 Yeah, look this is just a classic, you know, I'm 312 00:16:17,720 --> 00:16:19,660 gonna take off my Bitcoin hat and put on my macro 313 00:16:19,660 --> 00:16:27,940 economic hat Yeah Very very aggressive You could happen, 314 00:16:27,980 --> 00:16:30,680 okay, and I don't think that's again. I 315 00:16:30,688 --> 00:16:32,920 don't think that's why Bitcoin necessarily selling 316 00:16:32,920 --> 00:16:37,160 off I just Also, I'd like is that bad for Bitcoin is 317 00:16:37,160 --> 00:16:39,140 I good? He's Max plays a big big bull 318 00:16:39,140 --> 00:16:41,140 So I don't if he's saying this as a bullish tweet or 319 00:16:41,140 --> 00:16:44,320 not. Yeah, just wouldn't It's a tail 320 00:16:44,320 --> 00:16:48,260 event still for me. It's a tail event And it could 321 00:16:48,260 --> 00:16:52,320 get worse But for me, it's still it's still a it's 322 00:16:52,320 --> 00:16:53,420 still a still a tail event. Okay. 323 00:16:53,460 --> 00:16:55,240 Okay. Look, that's good to know I mean 324 00:16:55,240 --> 00:16:57,900 look, this is the majority of the Conversation going 325 00:16:57,900 --> 00:17:00,140 on right now in town line when it comes to to majors 326 00:17:00,140 --> 00:17:05,359 with with Bitcoin still hovering around 62k He's 327 00:17:05,359 --> 00:17:09,920 back down to 31 3165 Bitcoin closer to 63 to 62 328 00:17:09,920 --> 00:17:14,540 and soul back about around 136 Of course like by 329 00:17:14,540 --> 00:17:16,880 default the meme coins are not trading very well, but 330 00:17:16,880 --> 00:17:21,379 that's just whatever It's just kind of how it is on 331 00:17:21,379 --> 00:17:25,140 on that front and Cross the board. So 332 00:17:25,140 --> 00:17:28,280 that's that Question for you Mando. I'm 333 00:17:28,280 --> 00:17:29,300 asked will be the same question. I 334 00:17:29,300 --> 00:17:32,820 know he's on this way With inflows and or out and or 335 00:17:32,820 --> 00:17:35,780 I suppose it did ETFs slowing down Do you think 336 00:17:35,780 --> 00:17:37,400 that leads the narrative for the rest of the market 337 00:17:37,400 --> 00:17:39,540 finally to bloom in a way? I 338 00:17:39,540 --> 00:17:41,760 was wondering this weekend like obviously has been 339 00:17:41,760 --> 00:17:44,580 heavily market dominated by by Bitcoin We've talked 340 00:17:44,580 --> 00:17:46,340 about Bitcoin dominance probably going to keep 341 00:17:46,340 --> 00:17:48,200 going higher and higher and higher and you know total 342 00:17:48,200 --> 00:17:49,700 three Etc. I may be getting hammered on 343 00:17:49,700 --> 00:17:51,880 the back of that But what do you think like do you 344 00:17:51,880 --> 00:17:54,440 think these inflows being much lower now and track 345 00:17:54,440 --> 00:17:57,720 five maybe having less of a arm a hand in it? Could 346 00:17:57,720 --> 00:17:59,780 allow for the rest of the market to finally find its 347 00:17:59,780 --> 00:18:02,020 footing Or is it just like you said like Bitcoin is 348 00:18:02,020 --> 00:18:05,900 gonna sneeze the rest gonna catch COVID I? Would 349 00:18:05,900 --> 00:18:10,020 say that For some things yes and for some things no 350 00:18:10,020 --> 00:18:12,280 okay I think if you're at that point in the adoption 351 00:18:12,280 --> 00:18:14,660 cycle where people are actually using you I would 352 00:18:14,660 --> 00:18:17,560 look for users. It was a really good tweet by 353 00:18:17,560 --> 00:18:20,480 Mert yesterday. I don't if you saw it, but 354 00:18:20,480 --> 00:18:24,740 he said that I Think that all L1s have been worse 355 00:18:24,740 --> 00:18:28,920 this case than meme go worst have been worse for 356 00:18:28,920 --> 00:18:32,360 this Where did he put it? I 357 00:18:32,368 --> 00:18:34,280 know which one you're talking about and he's 358 00:18:34,280 --> 00:18:36,500 absolutely right I do think that some L1s have been 359 00:18:36,500 --> 00:18:38,320 worse for the industry than the meme corns that people 360 00:18:38,920 --> 00:18:41,300 Because they've raised a significant amount of money 361 00:18:41,300 --> 00:18:44,880 war Those are really good sweet and I thought there 362 00:18:44,880 --> 00:18:47,360 it is there it is that's the one That's the one 363 00:18:47,360 --> 00:18:48,900 because it was on the back of the Forbes article right 364 00:18:48,900 --> 00:18:52,140 about the chain being dead He goes these zombies L1s 365 00:18:52,140 --> 00:18:54,700 So Mert said the zombie L1s with code like 366 00:18:54,700 --> 00:18:57,800 following spreading pure nonsense 24 -7 are 10 ,000 367 00:18:57,800 --> 00:19:00,200 X a bigger problem for crypto than any mean coin 368 00:19:00,200 --> 00:19:03,360 things like Cardano, etc I have done serious damage, 369 00:19:03,360 --> 00:19:05,540 and he followed it by it's always the same shit 370 00:19:06,679 --> 00:19:08,760 Founder speaking about bullshit just technical 371 00:19:08,760 --> 00:19:11,620 enough to fool all non -technical people Cult 372 00:19:11,620 --> 00:19:14,120 gathers and coordinates on reddit They have a virtual 373 00:19:14,120 --> 00:19:16,000 support group where they repeat nonsense to each 374 00:19:16,000 --> 00:19:19,060 other if someone on Twitter says anything that goes 375 00:19:19,060 --> 00:19:21,520 against a delusion They swarm around as a group 376 00:19:21,520 --> 00:19:23,360 and say generic nonsense because there's zero 377 00:19:23,360 --> 00:19:25,440 substance to actually use in any query or an 378 00:19:25,440 --> 00:19:27,700 argument them I've been on the other side of that 379 00:19:27,700 --> 00:19:31,100 Everyone knew that buys in gets wrecked. I 380 00:19:31,100 --> 00:19:32,460 mean that's that's the tweet you're talking about 381 00:19:32,460 --> 00:19:35,500 right Mando Yeah, that's it. That's 382 00:19:35,500 --> 00:19:37,360 it. I guess going back to the 383 00:19:37,360 --> 00:19:39,400 first point what would I own and own stuff Which is 384 00:19:39,400 --> 00:19:42,020 seeing adoption I wouldn't own stuff Which is this 385 00:19:42,020 --> 00:19:45,000 which is just narrative based on trash and that 386 00:19:45,000 --> 00:19:47,140 goes for anything that goes for meme coins as well 387 00:19:47,140 --> 00:19:49,660 Like there are certain in coins, which you know, you 388 00:19:49,660 --> 00:19:53,000 know was some cabal Runup and has no real community 389 00:19:53,000 --> 00:19:56,420 other than you know People can get dumped on you and 390 00:19:56,420 --> 00:19:58,940 you know which ones are probably gonna be like more 391 00:19:58,940 --> 00:20:01,120 active You can feel it you can feel the ones that 392 00:20:01,120 --> 00:20:03,140 feel have the more strength and I would say the same 393 00:20:03,140 --> 00:20:06,620 for altcoins like does your old coin have any users or 394 00:20:06,620 --> 00:20:11,420 is it Enter random AI narrative and enter random 395 00:20:11,420 --> 00:20:14,980 like trash narrative and that's hope that that Picks 396 00:20:14,980 --> 00:20:17,620 up users next cycle. Yeah, like does your you does 397 00:20:17,620 --> 00:20:21,120 your old coin have users this cycle? I 398 00:20:21,120 --> 00:20:26,120 mean Was pretty it's pretty I think Monero. I 399 00:20:26,120 --> 00:20:29,260 think I mean when there was pretty useful for the 400 00:20:29,260 --> 00:20:31,380 industry as a whole for privacy So I think that 401 00:20:31,380 --> 00:20:36,360 one caught us straight here It's tough Monero did okay, 402 00:20:36,520 --> 00:20:39,240 but I would say manair is a lot like I was fine But 403 00:20:39,240 --> 00:20:42,920 I would just say that as a use case in general like 404 00:20:42,920 --> 00:20:45,420 does that are people using it are people not 405 00:20:46,439 --> 00:20:48,280 tokenomics is important to like are people just gonna 406 00:20:48,280 --> 00:20:53,100 be dumping on you Is your two I feel but I get it. 407 00:20:53,100 --> 00:20:54,260 I would say is catching 408 00:20:54,260 --> 00:20:57,880 straights here out of all of those I mean, I mean, 409 00:20:57,888 --> 00:20:59,560 Tessos the only thing you're doing is giving over 410 00:20:59,560 --> 00:21:02,620 a chance to go play or Trafford It's about down to 411 00:21:02,620 --> 00:21:06,380 what they're doing. Yeah, I mean bullish on Tesos 412 00:21:06,380 --> 00:21:08,140 for that. I saw it this morning I love 413 00:21:08,140 --> 00:21:12,220 Tesos man Are you gonna drop a piece on Tesos? I 414 00:21:12,228 --> 00:21:15,840 saw you made like 600 Yes, I should drop a piece of 415 00:21:15,840 --> 00:21:20,980 Tesla Like we got a talk about That's about to buy 416 00:21:20,980 --> 00:21:24,320 a zombie I Spoke about him yesterday. I 417 00:21:24,320 --> 00:21:25,960 was like hold on so you've just made two million 418 00:21:25,960 --> 00:21:34,600 dollars. He's like no man I think it's 419 00:21:34,600 --> 00:21:36,680 the most wild shit I've seen on on the blockchain 420 00:21:36,680 --> 00:21:39,380 in a while Let's take the winder. Let's 421 00:21:39,380 --> 00:21:41,400 take the conversation there and then tomorrow Mando 422 00:21:41,400 --> 00:21:43,560 when you're back So I do want to keep I want to go 423 00:21:43,560 --> 00:21:45,760 a little deeper on this L1 conversation you're having 424 00:21:45,760 --> 00:21:48,380 and maybe ask you like I Know you probably talk 425 00:21:48,380 --> 00:21:49,660 about them a lot But what you're looking at most 426 00:21:49,660 --> 00:21:50,980 because now I feel like people will be really 427 00:21:50,980 --> 00:21:52,580 curious I'll tell you right now, which I once I think 428 00:21:52,580 --> 00:21:54,260 could be really good the silver cycle. I 429 00:21:54,260 --> 00:21:58,180 think obviously Salana if Bitcoin if you call that 430 00:21:58,180 --> 00:22:02,820 an L1 I Would say I'm very bullish on ton just 431 00:22:02,820 --> 00:22:05,540 because I think they are integrating it into an app 432 00:22:05,540 --> 00:22:08,300 with 800 million users But to economics is not as 433 00:22:08,300 --> 00:22:09,500 good there. So you have to be aware on 434 00:22:09,500 --> 00:22:14,380 people dumping you There has been Some light chatter 435 00:22:14,380 --> 00:22:17,260 about things like near and suey because they have 436 00:22:17,260 --> 00:22:20,440 actually gained TVL I'm not talking about suey on my 437 00:22:20,440 --> 00:22:22,940 timeline again. I love them. They 438 00:22:22,940 --> 00:22:24,580 were all over Paris by the way in the blockchain week 439 00:22:24,580 --> 00:22:28,040 all over Now they are still early on the adoption 440 00:22:28,040 --> 00:22:30,520 cycle I would say near has got a lot of users because 441 00:22:30,520 --> 00:22:32,680 it has one game on it Which a lot of people play 442 00:22:32,680 --> 00:22:34,620 but they're still relatively early But I would say that 443 00:22:34,620 --> 00:22:37,000 they you know you could argue that they are still 444 00:22:37,000 --> 00:22:39,260 on that adoption cycle and people are bullish on both 445 00:22:39,260 --> 00:22:42,080 of those stories So we has got a lot of TVL versus a 446 00:22:42,080 --> 00:22:44,040 lot of the other chains Like it's got hundreds of 447 00:22:44,040 --> 00:22:46,300 millions of TVL versus a lot of these which have 448 00:22:46,300 --> 00:22:49,180 basically nothing But I would still say the use 449 00:22:49,180 --> 00:22:51,040 cases of suey are a little bit limited They have 450 00:22:51,040 --> 00:22:53,440 they've had some big brand partnerships randomly like I 451 00:22:53,440 --> 00:22:55,020 think they did partnership with bite dance actually 452 00:22:55,020 --> 00:22:58,960 the other day or Which is the owner of tiktok? Which 453 00:22:58,960 --> 00:23:01,540 is kind of random, but yeah, I would say those 454 00:23:01,540 --> 00:23:04,380 two are okay on that on that cycle and then I 455 00:23:04,380 --> 00:23:09,920 would say You could you could say a vax is Maybe 456 00:23:09,920 --> 00:23:12,320 getting there as well like it's a bit, you know never 457 00:23:12,320 --> 00:23:15,780 really caught on as It's got a few catalysts or 458 00:23:15,780 --> 00:23:17,380 like shrapnel. I think like some of the 459 00:23:17,380 --> 00:23:20,700 gaming sides true catalyst them So the only two that 460 00:23:20,700 --> 00:23:23,320 have like who which died from the last cycle and 461 00:23:23,320 --> 00:23:25,380 came back other than slana Which I think it's really 462 00:23:25,380 --> 00:23:28,200 come back I would say that would maybe bet on is like 463 00:23:28,200 --> 00:23:30,840 phantom and because they may be having this new 464 00:23:30,840 --> 00:23:33,540 Sonic upgrade coming in the summer and people could 465 00:23:33,540 --> 00:23:36,960 argue that that's gonna be a big a big They're gonna 466 00:23:36,960 --> 00:23:39,160 have the highest tps for a while there and people will 467 00:23:39,160 --> 00:23:41,140 say a lot of people to use it again But they 468 00:23:41,140 --> 00:23:43,500 don't really have that many users or TVL right now So 469 00:23:43,500 --> 00:23:46,740 you could argue that that's a riskier one or it's um 470 00:23:47,200 --> 00:23:50,420 Or is avalanche like I said because because people 471 00:23:50,420 --> 00:23:51,900 can argue, you know, they have a bit of a gaming 472 00:23:51,900 --> 00:23:54,300 thing going on They have they have a few things but 473 00:23:54,300 --> 00:23:56,500 they never really hit properly and they they do 474 00:23:56,500 --> 00:23:58,780 have some memes They do have some building that 475 00:23:58,780 --> 00:24:02,920 defies decent ish I would say so those are the ones 476 00:24:02,920 --> 00:24:06,160 other than that if you're owning one like Just have 477 00:24:06,160 --> 00:24:08,240 real real questions about what you want I don't know 478 00:24:08,240 --> 00:24:10,460 if I'm missing any major ones there But like that's 479 00:24:10,460 --> 00:24:12,400 and that's the same for narratives as well If you 480 00:24:12,400 --> 00:24:14,740 were waiting for the bull market to see users in 481 00:24:14,740 --> 00:24:19,000 your defy protocol AI protocol fucking Whatever 482 00:24:19,000 --> 00:24:21,580 narrative you want to go for social fire like if 483 00:24:21,580 --> 00:24:23,260 you're waiting for the bull run, it's happened Right, 484 00:24:23,280 --> 00:24:26,180 you've not got the users so like move to one of 485 00:24:26,180 --> 00:24:30,620 the ones is down 40 % which has that Oh, he 486 00:24:30,620 --> 00:24:33,900 changed his record that he won last week I was 487 00:24:33,900 --> 00:24:37,440 bullish on save for the for the for the tech they 488 00:24:37,440 --> 00:24:41,680 never picked up To never happen the v2 launch got 489 00:24:41,680 --> 00:24:44,520 delayed they never picked up the TVL They never 490 00:24:44,520 --> 00:24:46,400 picked up the users They had a bit of an NFT thing 491 00:24:46,400 --> 00:24:48,280 going for a while and they still have a weirdly 492 00:24:48,280 --> 00:24:51,660 inactive NFT community But it's not happening and that 493 00:24:51,660 --> 00:24:54,140 that foundation has been damp dumping the hell out 494 00:24:54,140 --> 00:24:56,320 of this token Yeah, that's what I was they guys say 495 00:24:56,320 --> 00:24:57,940 like I heard one of the founders is like max 496 00:24:57,940 --> 00:25:01,740 dumping his shit That if Monad launches at 100 497 00:25:01,740 --> 00:25:04,640 million I was gonna say didn't mention my bags dude 498 00:25:04,640 --> 00:25:07,740 If Monad if Monad launches at like, you know 50 499 00:25:07,740 --> 00:25:10,880 billion plus people get bullish But um because say 500 00:25:10,880 --> 00:25:13,500 is very similar other than that like I think I've got 501 00:25:13,500 --> 00:25:15,180 to be less bullish on Monad because it just 502 00:25:15,180 --> 00:25:19,100 hasn't Hasn't picked up Have you seen the animal 503 00:25:19,100 --> 00:25:21,600 that that drag guy keeps tweeting about dude. Have 504 00:25:21,600 --> 00:25:25,160 you seen that thing? I don't know dude fucking 505 00:25:25,160 --> 00:25:27,020 whatever thread guy say on timeline. I 506 00:25:27,020 --> 00:25:41,680 don't I My bags are going to 50 billion right right 507 00:25:41,680 --> 00:25:44,060 like that that would be not bad. I 508 00:25:44,060 --> 00:25:46,320 mean, you know, that was what's we didn't get We 509 00:25:46,320 --> 00:25:52,960 didn't get look on my dad You guys are gonna have to 510 00:25:52,960 --> 00:25:55,640 put it and I'm gonna have to defend it it's gonna be 511 00:25:55,640 --> 00:25:57,540 a bag wars. I love that I'm kind of 512 00:25:57,540 --> 00:26:07,640 excited for that anyways It's so funny Anyway, 513 00:26:07,720 --> 00:26:10,900 speaking of bags blast is another one that's going to 514 00:26:10,900 --> 00:26:13,860 be pretty big the month of May is around the corner 515 00:26:13,860 --> 00:26:16,100 But that's not what I want to talk about on blast. I 516 00:26:16,108 --> 00:26:17,340 want to talk about the fact that over you just 517 00:26:17,340 --> 00:26:22,120 made two million dollars Ovi what the hell I was 518 00:26:22,120 --> 00:26:22,960 home. I was away. I 519 00:26:22,960 --> 00:26:24,620 wasn't my mom's for brunch. I 520 00:26:24,620 --> 00:26:26,380 said drop it You know, I'm a fan of your art. I 521 00:26:26,380 --> 00:26:27,780 was super excited I was like fucking like I'll get 522 00:26:27,780 --> 00:26:29,520 blast exposure through fantasy top and like these 523 00:26:29,520 --> 00:26:30,400 dabs I was like, fuck it. I'll 524 00:26:30,400 --> 00:26:32,740 get like Ovi's art. I guess his blast exposure 525 00:26:32,740 --> 00:26:36,380 and I missed it And you seemingly bought a zombie 526 00:26:36,380 --> 00:26:37,940 over the weekend as well. So 527 00:26:38,919 --> 00:26:41,260 So tell us run me through this because this is like 528 00:26:41,979 --> 00:26:44,360 Probably if I got this understood this right the 529 00:26:44,360 --> 00:26:47,480 best use of the cross of art and D5 have ever seen 530 00:26:47,480 --> 00:26:50,800 in this industry So so you run us through this. What 531 00:26:50,800 --> 00:26:56,080 is pack? Right? Yes? For 532 00:26:56,080 --> 00:27:00,660 the record For the record, I did not make two million 533 00:27:00,660 --> 00:27:03,220 dollars, but There's an app. There's 534 00:27:03,220 --> 00:27:09,900 a DAP on blast called blaster BL ASTR and They 535 00:27:09,900 --> 00:27:12,720 had this cool feature which is refundable NFTs. So 536 00:27:12,720 --> 00:27:16,500 you can buy an FT or you can create an NFT And you 537 00:27:16,500 --> 00:27:18,600 can make it refundable and you can set a time period 538 00:27:18,600 --> 00:27:20,480 after which it is refundable. So 539 00:27:21,620 --> 00:27:23,840 I sold this NFT is in addition of three thousand 540 00:27:23,840 --> 00:27:27,040 three hundred thirty three and After 28 days, it's 541 00:27:27,040 --> 00:27:28,780 refundable. So it means anyone who buys 542 00:27:28,780 --> 00:27:33,000 it now They have to hold on to it and that that 543 00:27:33,000 --> 00:27:36,800 eith goes into a pool and After 28 days, they're able 544 00:27:36,800 --> 00:27:38,820 to refund it and take their eith back out the 545 00:27:38,820 --> 00:27:42,380 pool basically So it's pretty cool like it's like 546 00:27:42,380 --> 00:27:45,220 kind of makes the NFT unruggable and I kind of 547 00:27:45,220 --> 00:27:47,000 liked it It's like well, whatever. It's 548 00:27:47,000 --> 00:27:50,080 like it there's a there's definitely like a Nice 549 00:27:50,080 --> 00:27:51,740 feeling about creating art and selling it But 550 00:27:51,740 --> 00:27:54,360 obviously if you do it too much then you dilute your 551 00:27:54,360 --> 00:27:56,740 own supply and then you know people lose money on 552 00:27:56,740 --> 00:27:58,380 it And then they just go, you know, what's going on 553 00:27:58,380 --> 00:27:59,660 here? Whereas with this you can like 554 00:27:59,660 --> 00:28:01,520 create stuff and then people don't want it 555 00:28:01,520 --> 00:28:04,260 anymore. They can just refund it And it 556 00:28:04,260 --> 00:28:06,000 has the ability to do that now the reason why I think 557 00:28:06,000 --> 00:28:08,860 it sold out so fast is because people are obviously 558 00:28:08,860 --> 00:28:12,900 farming gold on blast right now and Blaster is one of 559 00:28:12,900 --> 00:28:14,960 the DAPs that has been given some gold. So 560 00:28:14,960 --> 00:28:19,000 When you create a collection here the creator 561 00:28:19,000 --> 00:28:22,100 has the option to Pick how much gold gets distributed 562 00:28:22,100 --> 00:28:24,420 to the collectors and I just picked a hundred 563 00:28:24,420 --> 00:28:25,900 percent so a hundred percent of the gold that I 564 00:28:25,900 --> 00:28:30,820 get from Whatever it is like The only thing the 565 00:28:30,820 --> 00:28:34,100 only thing that I get in this situation Is I get 566 00:28:34,100 --> 00:28:39,380 the blast native yield on the TVL So farming it's 567 00:28:39,380 --> 00:28:42,920 like this is genius. So you're farming blast by 568 00:28:42,920 --> 00:28:46,980 just creating art You can farm blast by creating art. 569 00:28:47,040 --> 00:28:48,400 Yeah, maybe there'll be other 570 00:28:48,400 --> 00:28:49,840 airdrops I don't know if they'll be other that have 571 00:28:49,840 --> 00:28:51,860 created airdrops for gold. There's 572 00:28:51,860 --> 00:28:54,600 a possibility for that everyone who collects it 573 00:28:54,600 --> 00:28:56,820 farms gold as well and they can get their money 574 00:28:56,820 --> 00:29:01,140 back after 28 days and The creator also gets the yield 575 00:29:01,140 --> 00:29:02,840 on it. So it's not really a lot of 576 00:29:02,840 --> 00:29:07,220 money like I'd make 4 % on So what if nobody refunds 577 00:29:07,220 --> 00:29:09,680 refunds you keep the funds that are not refunded No, 578 00:29:09,680 --> 00:29:12,380 so it's if nobody refunds it stays into that put in 579 00:29:12,380 --> 00:29:15,940 that pool and I just earn The yield you know blast 580 00:29:15,940 --> 00:29:21,520 has native yield right? I'd earn like 3 .5 % on that 581 00:29:21,520 --> 00:29:26,980 money Whatever's left in the pool What you can and 582 00:29:26,980 --> 00:29:29,320 people while people keep their NFT Yeah, but if you 583 00:29:29,320 --> 00:29:31,420 want to be on less the refund if you refund that 584 00:29:31,420 --> 00:29:33,780 you lose your NFT Yeah, so the supply goes lower. Yeah 585 00:29:34,580 --> 00:29:37,040 What you can do is you can upgrade your NFT which 586 00:29:37,040 --> 00:29:41,220 makes it non refundable and And if you do that the 587 00:29:41,220 --> 00:29:43,740 idea is like, you know, if I said something like Oh, 588 00:29:43,760 --> 00:29:45,560 everyone who upgrades that NFT will get some benefit 589 00:29:45,560 --> 00:29:48,300 and everyone goes and does it then that then that 590 00:29:48,300 --> 00:29:52,800 money is released to me um And what happens if I buy 591 00:29:52,800 --> 00:29:54,940 on secondary because I notice it's always available 592 00:29:55,520 --> 00:29:57,340 It's the same thing, but you have to just make sure 593 00:29:57,340 --> 00:29:59,480 what you buy on secondary isn't an FT That's already 594 00:29:59,480 --> 00:30:01,780 been upgraded because it's if it's already been 595 00:30:01,780 --> 00:30:03,640 upgraded and you buy on secondary then you can't 596 00:30:03,640 --> 00:30:06,620 return it So it does say here so just for people to 597 00:30:06,620 --> 00:30:08,860 pay attention, please only five of them have been 598 00:30:08,860 --> 00:30:12,920 upgraded so far So make sure it's not upgraded if 599 00:30:12,920 --> 00:30:14,960 you're trying to buy it, right? So 600 00:30:15,440 --> 00:30:18,020 What's the upside of buying this on the secondary 601 00:30:18,020 --> 00:30:20,080 because I missed it and it's close to mint you may 602 00:30:20,080 --> 00:30:23,520 you may get a distribution of blast gold interesting, 603 00:30:23,520 --> 00:30:27,520 okay, like what might happen is they as um Last 604 00:30:27,520 --> 00:30:29,300 you're like, okay, we're gonna give blast gold to 605 00:30:29,300 --> 00:30:32,960 these projects And then I think then go to the 606 00:30:32,960 --> 00:30:36,880 holders of those NFTs. So it's kind of like It's not 607 00:30:36,880 --> 00:30:38,840 risk -free like obviously if blast, you know, if 608 00:30:38,840 --> 00:30:41,820 something happens with the um the platform or 609 00:30:41,820 --> 00:30:44,280 something rugs you would lose your money it's also 610 00:30:44,800 --> 00:30:47,660 really just opportunity cost it's like You know if you 611 00:30:47,660 --> 00:30:50,780 spent 0 .169 eth on this But you don't have access 612 00:30:50,780 --> 00:30:52,640 to that for 28 days. Could you have made more money 613 00:30:52,640 --> 00:30:54,820 with that in 28 days before getting your money 614 00:30:54,820 --> 00:30:57,580 back? so it maybe makes sense if 615 00:30:57,580 --> 00:31:00,940 you are fine with the smart contract risk and the 616 00:31:01,420 --> 00:31:04,380 levels of centralized risks and You just have money 617 00:31:04,380 --> 00:31:06,600 you are keeping in the east anyway It's kind of 618 00:31:06,600 --> 00:31:09,160 like a way of staking the east if you like for blast 619 00:31:09,160 --> 00:31:11,280 gold potentially Got it. Okay. 620 00:31:11,640 --> 00:31:13,920 Interesting. Very interesting. Wait 621 00:31:14,460 --> 00:31:17,560 Man, we There's there's levels of Ponzi's being 622 00:31:17,560 --> 00:31:21,740 built in this industry. I have to say I'm impressed 623 00:31:21,740 --> 00:31:23,880 not by you. You you you're participating 624 00:31:23,880 --> 00:31:26,780 like like to the you're actually I think this is 625 00:31:26,780 --> 00:31:29,020 You may inspire a lot of artists to get involved in 626 00:31:29,020 --> 00:31:32,340 this This is actually genius It's cool. I 627 00:31:32,340 --> 00:31:33,840 just like the idea of like being able to create 628 00:31:33,840 --> 00:31:35,360 something and if someone's like no, I don't like this 629 00:31:35,360 --> 00:31:38,500 anymore They can just return it and then I love 630 00:31:38,500 --> 00:31:40,600 I love the concept of that It's like on you. It's 631 00:31:40,600 --> 00:31:42,400 like less pressure because it's not like you're making 632 00:31:42,400 --> 00:31:44,020 the 500 something eth It's like oh, you have to 633 00:31:44,020 --> 00:31:45,980 you're like you're not yeah, but you're gonna get 634 00:31:45,980 --> 00:31:48,080 a bit of yield And then maybe further down the line 635 00:31:48,080 --> 00:31:51,540 I could be like, okay. I'm gonna create this thing And 636 00:31:51,540 --> 00:31:53,740 in order to access it you have to upgrade this NFT 637 00:31:54,560 --> 00:31:57,400 And then if everyone does it then I get that eith 638 00:31:57,400 --> 00:31:58,900 back. I should do get that eith 639 00:31:58,900 --> 00:32:01,480 that makes sense So I don't have an idea for it 640 00:32:01,480 --> 00:32:04,620 But you know, maybe in the future if I do That I can 641 00:32:04,620 --> 00:32:07,120 do that and that cool here's a new min This will 642 00:32:07,120 --> 00:32:10,560 be if you have upgraded your your pack rex you'll 643 00:32:10,560 --> 00:32:12,880 be on the allow this person you may So I will 644 00:32:12,880 --> 00:32:15,240 release that eith to me So it's funny. So 645 00:32:15,240 --> 00:32:17,220 now I see what you did because I I'd seen this 646 00:32:17,220 --> 00:32:19,400 that said the same thing with photography that he 647 00:32:19,400 --> 00:32:22,200 took And then Cyrus I should do this with baby 648 00:32:22,200 --> 00:32:30,500 pictures That's uh Group by your pictures season two It 649 00:32:30,500 --> 00:32:33,540 did I mean, hey like there's this big utility 650 00:32:33,540 --> 00:32:34,500 there. All right. Well, 651 00:32:34,580 --> 00:32:36,720 that's that's that's super interesting I love that. 652 00:32:36,760 --> 00:32:37,900 Look, there's a bunch of stuff I 653 00:32:37,900 --> 00:32:40,140 want to dive into today But obviously like nature 654 00:32:40,140 --> 00:32:41,620 of the show today is a little different. We 655 00:32:41,620 --> 00:32:43,640 had to Finish a forward a bit. I 656 00:32:43,640 --> 00:32:46,520 do want to talk more about the consensus versus SCC 657 00:32:46,520 --> 00:32:49,400 stuff going on Tomorrow over I did want to dive a 658 00:32:49,400 --> 00:32:51,100 little deeper about some questions I had for mando 659 00:32:51,100 --> 00:32:52,460 today that he answered Well, but Chris your 660 00:32:52,460 --> 00:32:54,140 thoughts on the Japanese and everything there and 661 00:32:54,140 --> 00:32:56,240 then of course We want to talk about the fact that 662 00:32:56,240 --> 00:32:58,580 with week to 40 dollars on the buy bit listing this 663 00:32:58,580 --> 00:33:01,380 morning So we're gonna have to fill that with uh, and 664 00:33:01,380 --> 00:33:04,160 then We're gonna that's a new week. That's 665 00:33:04,160 --> 00:33:08,120 the next level week to fill obi That three four 666 00:33:08,120 --> 00:33:10,100 dollar one was crazy imagine a four dollar one 667 00:33:10,100 --> 00:33:11,840 And of course I want to talk more about my 668 00:33:11,840 --> 00:33:14,220 beautiful ruins because those are fucking cooking I 669 00:33:14,220 --> 00:33:16,180 mean a hundred million dollar market cap gain this 670 00:33:16,180 --> 00:33:17,140 weekend. I think on rs. I 671 00:33:17,140 --> 00:33:20,400 see less fucking go I've never been more bullish uh 672 00:33:20,400 --> 00:33:23,200 on uh, no, I have been but I'm very bullish on 673 00:33:23,200 --> 00:33:25,240 that team in jambarro But this is weekend. But 674 00:33:25,240 --> 00:33:25,520 anyways