1 00:00:00,160 --> 00:00:05,440 Good morning. Good morning, GMGM everyone. 2 00:00:05,440 --> 00:00:10,360 Welcome to the other episode of Homo Power Today. 3 00:00:10,760 --> 00:00:17,200 Today is Wednesday, October 16th point folks. 4 00:00:17,440 --> 00:00:21,720 It is a cooler fall morning again here in Chicago. 5 00:00:21,800 --> 00:00:25,840 Today is downright cold outside. We are in the 30s right now. 6 00:00:25,840 --> 00:00:29,000 This is crazy. Not quite ready for this, but 7 00:00:29,120 --> 00:00:33,120 folks, the market is not cold. It is downright hot. 8 00:00:33,120 --> 00:00:36,960 Bitcoin is grinding up, The memes are popping, NFTS are 9 00:00:36,960 --> 00:00:38,880 moving. And the nudes desk, the news 10 00:00:38,880 --> 00:00:42,800 desk, folks, is as busy as it's been all year. 11 00:00:42,800 --> 00:00:45,640 We're going to break it all down on today's show. 12 00:00:45,800 --> 00:00:49,520 No, for Oak, he's about busy interviewing moguls in Paris. 13 00:00:49,520 --> 00:00:51,520 But we've got Mando back with us. 14 00:00:51,520 --> 00:00:55,600 Mando GM, how you doing? Doing great man, how are you? 15 00:00:56,760 --> 00:01:00,160 Doing fantastic another another day in paradise. 16 00:01:00,160 --> 00:01:03,400 The coins are moving and we've got a lot to talk about on that 17 00:01:03,400 --> 00:01:06,440 note folks, we've got Logan Hitchcock back on with us editor 18 00:01:06,440 --> 00:01:11,560 in chief over at Lucky Trader Logan Jim, how are you doing in 19 00:01:11,560 --> 00:01:13,800 Part 2? Was yesterday the busiest day of 20 00:01:13,800 --> 00:01:15,600 the year that. You had. 21 00:01:15,600 --> 00:01:16,880 I'm doing well, Tyler. Thank you. 22 00:01:18,080 --> 00:01:20,960 It was very busy. It feels good to be back in the 23 00:01:20,960 --> 00:01:23,560 trenches and be busy in that way, you know, where there feels 24 00:01:23,560 --> 00:01:26,800 like there's a notable headline, you know, every couple minutes 25 00:01:26,800 --> 00:01:29,080 or so, or at least something that, you know, people that are 26 00:01:29,080 --> 00:01:31,160 alongside us in the trenches would want to know. 27 00:01:31,160 --> 00:01:33,960 So felt good to be pushing out lots of tweets yesterday and 28 00:01:33,960 --> 00:01:36,520 keeping people informed and hopefully it stays like that for 29 00:01:36,520 --> 00:01:39,760 the foreseeable future. And folks, Logan hasn't just 30 00:01:39,760 --> 00:01:42,480 been writing news stories, he's also been in the trenches 31 00:01:42,480 --> 00:01:45,560 himself, a proud goat token owner. 32 00:01:45,720 --> 00:01:49,040 So Logan, we might have to talk about that goat trade of yours, 33 00:01:49,040 --> 00:01:51,760 which is looking better by the day. 34 00:01:51,760 --> 00:01:54,520 So folks, what are we talking about on today's show? 35 00:01:54,800 --> 00:01:58,880 Bitcoin continues to RIP up. It's knocking on 68 K. 36 00:01:59,080 --> 00:02:01,000 Is Tesla going to stop this rally? 37 00:02:01,000 --> 00:02:02,480 Are they going to sell their Bitcoin? 38 00:02:02,720 --> 00:02:06,040 The SEC is targeting individuals after coming after Gotbid. 39 00:02:06,040 --> 00:02:10,520 It looks like Trump and the Liberty 5 token disappointment 40 00:02:10,600 --> 00:02:14,640 on day one. We've got Dowse introducing meme 41 00:02:14,640 --> 00:02:17,720 coin trading and launching. Jupiter and Phantom are making 42 00:02:17,720 --> 00:02:19,680 meme coin trading easier than ever. 43 00:02:19,920 --> 00:02:23,640 We have to talk about GOAT. GOAT becoming the GOAT meme 44 00:02:23,640 --> 00:02:28,000 source. Another 150% to 300 million. 45 00:02:28,160 --> 00:02:29,960 We're going to do a quick NFT roundup. 46 00:02:29,960 --> 00:02:33,840 There's some news featuring BMWX copy punks and Azure Games. 47 00:02:34,160 --> 00:02:37,240 And then perhaps we'll finish with this Praxis and network 48 00:02:37,240 --> 00:02:40,560 state headlines. They raised $500 million to 49 00:02:40,560 --> 00:02:43,560 build a network state, so huge money at stake for them. 50 00:02:43,560 --> 00:02:46,400 Plus we've got roll bit spins today, double spin. 51 00:02:46,400 --> 00:02:50,040 So you want to make sure you stay tuned till the end for 52 00:02:50,040 --> 00:02:51,720 that. All right, before we dive in, 53 00:02:51,920 --> 00:02:54,440 shout out to our show partner Galaxis. 54 00:02:54,640 --> 00:02:58,120 With seamless built in monetization tools, Galaxis 55 00:02:58,120 --> 00:03:00,920 enables the development of sustainable long term 56 00:03:00,920 --> 00:03:04,320 communities, fulfilling Bitcoins vision of decentralized freedom 57 00:03:04,320 --> 00:03:06,600 and independence from centralized control. 58 00:03:07,040 --> 00:03:09,840 Shout out to Galaxis, We are happy be partnering with them. 59 00:03:10,120 --> 00:03:12,560 All right, that is our preview of today's show. 60 00:03:12,560 --> 00:03:13,960 Manda, if you're ready, let's get into. 61 00:03:25,080 --> 00:03:30,720 It GM, everyone looks like we've had another strong day, if I'm 62 00:03:30,720 --> 00:03:32,960 honest. Bitcoin, obviously the main 63 00:03:33,000 --> 00:03:36,040 gainer again, Bitcoin dominance is heading up towards 59%. 64 00:03:36,480 --> 00:03:38,320 I think it's at the cycle high right now, right? 65 00:03:38,320 --> 00:03:43,600 I think it's broke out, yeah. 58 was like quite a notable point 66 00:03:43,600 --> 00:03:47,640 of resistance for even since the last cycle and we're now heading 67 00:03:47,640 --> 00:03:52,960 up towards 59 to 60% It it looks as though there's been massive 68 00:03:52,960 --> 00:03:55,640 inflows into the ETF over the last three days. 69 00:03:55,640 --> 00:03:58,240 You had another 300 million in. So it's over a billion dollars, 70 00:03:58,400 --> 00:04:01,840 I think over $1.1 billion even over the last three trading 71 00:04:01,840 --> 00:04:03,680 sessions, which is, which is pretty massive. 72 00:04:04,640 --> 00:04:06,080 Yeah, exactly. Look at those figures. 73 00:04:07,920 --> 00:04:10,720 Big, big move. Interestingly, ETH actually 74 00:04:10,720 --> 00:04:12,840 actually had an outflow yesterday at their ETF. 75 00:04:13,200 --> 00:04:17,519 So it's, it's really just a Bitcoin trade, which is pretty, 76 00:04:17,519 --> 00:04:19,040 pretty interesting. And that's basically been 77 00:04:19,040 --> 00:04:20,959 showing up in the figures. Like we've seen Bitcoin 78 00:04:20,959 --> 00:04:24,080 dominance rise, people realizing they don't earn enough Bitcoin. 79 00:04:24,400 --> 00:04:29,200 It kind of reminds me of how it felt in in like February, March 80 00:04:29,200 --> 00:04:33,480 time where everyone was like, oh, Bitcoin keeps rising and 81 00:04:33,480 --> 00:04:36,360 Bitcoin was basically leading a lot of altcoins even then. 82 00:04:37,960 --> 00:04:40,920 It it feels a little bit like that again right now where maybe 83 00:04:41,240 --> 00:04:46,120 the average crypto user is underexposed to, to Bitcoin and 84 00:04:46,440 --> 00:04:50,280 you know, Bitcoin up 1.2% and is beating most coins out there is 85 00:04:50,280 --> 00:04:52,360 quite a it was actually in the, it was actually one of the top 86 00:04:52,360 --> 00:04:55,080 games in the top 100 today, which I thought you barely ever 87 00:04:55,080 --> 00:04:57,560 see that for Bitcoin. So, and the other ones were like 88 00:04:57,560 --> 00:05:00,960 Litecoin because of that ETF and bitcoins Satoshi vision. 89 00:05:00,960 --> 00:05:03,960 It was like a it was the coins that you only ever hear about 90 00:05:05,240 --> 00:05:07,560 when bitcoins pumping and Bitcoin pumping alone. 91 00:05:07,560 --> 00:05:12,560 So decent day, decent day There again, it's it's black. 92 00:05:12,560 --> 00:05:15,280 It's it's inflows into the ZF, which I think is majority. 93 00:05:15,280 --> 00:05:18,120 But I think the, the main driver of that is probably just still 94 00:05:18,120 --> 00:05:20,720 this Trump trade. So Trump's odds continue to 95 00:05:20,720 --> 00:05:24,520 rise. They they've hit over 60% it 96 00:05:24,520 --> 00:05:28,680 looks like on Poly market on huge volume, huge volume going 97 00:05:28,680 --> 00:05:31,480 through on volume market, huge volume going through on calci. 98 00:05:31,760 --> 00:05:36,400 And it just it looks as though we're we're starting to to to 99 00:05:36,840 --> 00:05:40,640 price in this sort of trump trade into the election and and 100 00:05:41,560 --> 00:05:43,800 Bitcoin becomes one of the most obvious things to buy it. 101 00:05:43,880 --> 00:05:46,400 It wasn't a stronger day estate for macro. 102 00:05:46,400 --> 00:05:47,760 We actually saw a bit of a sell off. 103 00:05:49,040 --> 00:05:52,240 Stocks had looked overbought by a few different metrics. 104 00:05:52,240 --> 00:05:53,960 We had a sell off based on semiconductors. 105 00:05:53,960 --> 00:05:56,680 There was some some more talk about the fact that the US was 106 00:05:56,680 --> 00:06:00,360 going to restrict some of the AI chip sales that the the GP use 107 00:06:01,480 --> 00:06:04,520 outside the US and that caused some of the major chip suppliers 108 00:06:04,520 --> 00:06:06,080 to fall. You said ASML, which is one of 109 00:06:06,080 --> 00:06:08,880 the biggest chip suppliers fall like 16% on the back of that. 110 00:06:09,880 --> 00:06:14,080 But so if stocks don't have a good day and and crypto's still 111 00:06:14,080 --> 00:06:16,080 breaking out. So we've seen that decoupling I 112 00:06:16,080 --> 00:06:19,840 think a little bit here where crypto is starting to outperform 113 00:06:19,840 --> 00:06:22,960 most of the asset classes right now, gold as well, like gold is 114 00:06:23,440 --> 00:06:25,640 gold's doing well, but not as well as Bitcoin over the last 115 00:06:25,640 --> 00:06:28,120 few sessions. So definitely an outperformance 116 00:06:28,120 --> 00:06:29,440 there. And I think it's, it's mainly 117 00:06:29,440 --> 00:06:33,040 this, this Trump move We're we're we're seeing more and more 118 00:06:33,040 --> 00:06:35,800 like different firms challenging the the SEC here. 119 00:06:35,800 --> 00:06:39,120 So you had Grayscale again, asking to upgrade one of their 120 00:06:39,120 --> 00:06:42,800 funds to an ETF. You had Canary this, this new 121 00:06:42,800 --> 00:06:45,160 ETF provider applying for the Litecoin ETF. 122 00:06:45,600 --> 00:06:48,040 Think Coinbase also has been clapping back at the SEC over 123 00:06:48,040 --> 00:06:50,960 the last 24 hours over one of their cases. 124 00:06:51,480 --> 00:06:55,600 It just feels like the SEC is, yeah, they're dishing out still. 125 00:06:55,680 --> 00:06:57,720 But at the same time, like some of these bigger firms are 126 00:06:57,720 --> 00:06:59,480 definitely going, going after them. 127 00:07:00,760 --> 00:07:04,680 And it'll be interesting to see how that dam dynamic plays after 128 00:07:04,680 --> 00:07:09,640 the election, particularly if Trump gets in the Trump project 129 00:07:09,880 --> 00:07:11,440 as well. Like, I don't know if we're 130 00:07:11,440 --> 00:07:14,160 already going to bring that up, but that's only raised 131 00:07:14,160 --> 00:07:17,120 11,000,000. They they were aiming to raise 132 00:07:17,120 --> 00:07:19,680 300 million. I think aiming to raise 300 133 00:07:19,680 --> 00:07:25,120 million is pretty high. I don't really know if it's like 134 00:07:25,120 --> 00:07:28,400 worth it to raise 11 to raise 50. 135 00:07:28,800 --> 00:07:31,600 You know what I mean? Is it even worth it to raise 50? 136 00:07:33,800 --> 00:07:39,160 So like Matchy raised more than this like. 3 or 4 accidents, 137 00:07:39,200 --> 00:07:40,800 right? Like Matchy was consistently 138 00:07:40,800 --> 00:07:45,480 raising like 20 to 40 million. Matchy raised more than Trump, I 139 00:07:45,480 --> 00:07:46,960 think is an interesting headline. 140 00:07:47,120 --> 00:07:50,240 Yeah, within crypto circles. So people, people just not 141 00:07:51,040 --> 00:07:52,680 getting into it. I mean, it had been widely 142 00:07:52,680 --> 00:07:56,600 derided, I think within crypto circles just as like, what is 143 00:07:56,600 --> 00:07:58,400 this? This doesn't feel like 144 00:07:58,400 --> 00:08:01,800 necessarily the a great project. And I think a lot of people are 145 00:08:01,800 --> 00:08:04,600 actually pro Trump think this is a big risk for him to to do. 146 00:08:05,080 --> 00:08:08,560 And I'm kind of in that camp of I just think this is a big risk. 147 00:08:08,560 --> 00:08:11,880 Like if he's this far ahead, particularly within the crypto 148 00:08:11,880 --> 00:08:16,600 community, he didn't need this like not in my opinion at least, 149 00:08:16,800 --> 00:08:18,760 but maybe maybe the plans around this. 150 00:08:19,080 --> 00:08:22,400 I mean, Kamala has been consistently raising more than 151 00:08:22,400 --> 00:08:23,840 him, right, for the last couple of months. 152 00:08:23,840 --> 00:08:25,760 And maybe he he felt like he needed something like this to 153 00:08:25,760 --> 00:08:32,159 like even the ad spend. But let's, yeah, let's see on 154 00:08:32,159 --> 00:08:33,799 that one. But that's different, like the 155 00:08:33,799 --> 00:08:36,520 macro stuff. Yeah, let's maybe dig into the 156 00:08:36,520 --> 00:08:38,520 Trump stuff a little bit and then we'll maybe circle back 157 00:08:38,520 --> 00:08:44,120 some of the other tokens. So you know fro to the spaces 158 00:08:44,120 --> 00:08:46,280 with Trump that they talked about crypto, they talked about 159 00:08:46,280 --> 00:08:48,480 world liberty five. He was there for the launch, but 160 00:08:48,480 --> 00:08:51,520 it seemed like in the, in the days to follow that, that 161 00:08:51,520 --> 00:08:54,040 perhaps the Trump family was going to be like at least 162 00:08:54,040 --> 00:08:56,160 distanced somewhat, perhaps on paper. 163 00:08:56,600 --> 00:08:59,080 But I mean, I don't, I don't think they could be distance at 164 00:08:59,080 --> 00:09:01,320 this point. Like Trump did the launch video 165 00:09:01,960 --> 00:09:04,800 for the token sale and, and tweeted it out from his page 166 00:09:04,800 --> 00:09:07,640 yesterday. But I think you have to call it 167 00:09:07,640 --> 00:09:10,360 a disappointment. So $11 million, they're trying 168 00:09:10,360 --> 00:09:14,240 to raise close to 300 million and a $1.5 billion valuation. 169 00:09:14,240 --> 00:09:18,440 So they're less than 4% of the way there. 170 00:09:18,880 --> 00:09:20,800 I think there's a couple reasons we're seeing it. 171 00:09:20,800 --> 00:09:23,000 And Logan, you pointed to something I'll throw to you here 172 00:09:23,400 --> 00:09:25,280 in a SEC. I mean, a big one is that the 173 00:09:25,720 --> 00:09:28,440 the non transferable for a full year. 174 00:09:28,640 --> 00:09:33,080 I think that that certainly has given some folks some hesitation 175 00:09:33,840 --> 00:09:36,600 that that's a long time to to be locking things up, at least for 176 00:09:36,600 --> 00:09:38,800 like the casual investor, but casual investors aren't really 177 00:09:38,800 --> 00:09:40,640 eligible for this. So, So Logan, I think you 178 00:09:40,640 --> 00:09:42,480 pointed to some of the terms, right? 179 00:09:42,520 --> 00:09:44,360 So remind us what those are. Yeah. 180 00:09:44,360 --> 00:09:46,800 So if you take a look at the terms in particularly as AUS 181 00:09:46,800 --> 00:09:49,400 resident, if you click on that, I think it's the left button on 182 00:09:49,400 --> 00:09:51,160 the site. You have to be an accredited 183 00:09:51,160 --> 00:09:53,160 investor, right? There's other terms and 184 00:09:53,160 --> 00:09:55,920 conditions in there and and requirements that create, you 185 00:09:55,920 --> 00:09:59,480 know, stricter prerequisites that perhaps, you know, I don't 186 00:09:59,480 --> 00:10:01,720 know that the team really thought about in terms of 187 00:10:01,840 --> 00:10:05,320 creating that raised number. Like are you gonna be able to 188 00:10:05,320 --> 00:10:08,800 get 300 million out of accredited investors who are 189 00:10:08,800 --> 00:10:11,880 willing, you know, this is you also need to have people willing 190 00:10:11,880 --> 00:10:15,400 to hand over information about themselves, you know, prior to, 191 00:10:15,480 --> 00:10:17,560 you know, providing any funds here. 192 00:10:17,960 --> 00:10:20,800 I just those types of things don't really jive too well with 193 00:10:20,800 --> 00:10:24,160 this audience, you know, at least in my opinion. 194 00:10:24,160 --> 00:10:26,760 So I think that's one of those one of those things where you 195 00:10:26,760 --> 00:10:29,160 could say that of course, this is a disappointment. 196 00:10:29,160 --> 00:10:31,640 It's so far of a divergent from the number they're looking to 197 00:10:31,640 --> 00:10:36,320 raise, but maybe a little bit less of a disappointment given 198 00:10:36,320 --> 00:10:39,560 those, you know, restrict, sorry, strict constraints. 199 00:10:41,080 --> 00:10:44,440 It's more of, it's actually like more of a, a traditional raise 200 00:10:44,440 --> 00:10:46,800 in that sense, right? It's just to credit investors 201 00:10:47,200 --> 00:10:49,360 your tokens are going to be, it's kind of like a SAFT raise 202 00:10:49,360 --> 00:10:51,680 where you're, you're going to get your tokens unlocked after a 203 00:10:51,680 --> 00:10:53,960 year. I think another big part of it 204 00:10:53,960 --> 00:10:59,040 is the valuation like 1.5 billion evaluation on this. 205 00:10:59,040 --> 00:11:01,840 We really still don't know a whole lot about what it even is 206 00:11:01,840 --> 00:11:04,440 other than just like the high level, right? 207 00:11:04,440 --> 00:11:07,600 Like it's going to be AD 5 platform that they have a three 208 00:11:07,600 --> 00:11:09,920 phase road map. They eventually want to get, you 209 00:11:09,920 --> 00:11:12,680 know, fractionalized real estate and and all that. 210 00:11:13,880 --> 00:11:17,280 But that's a long way out. We haven't really gotten a 211 00:11:17,280 --> 00:11:18,720 glimpse of much of the infrastructure. 212 00:11:18,720 --> 00:11:21,160 What's Ave. Ave's trading at? 213 00:11:22,240 --> 00:11:25,880 Let's let's see 2 1/2 billion FTV. 214 00:11:26,760 --> 00:11:30,040 So they're coming in at 60% of Ave. off the gun. 215 00:11:30,520 --> 00:11:33,960 Doesn't feel like there's a whole lot of near term upside at 216 00:11:33,960 --> 00:11:38,120 1.5 million, at least for me. So I think I think that's that's 217 00:11:38,120 --> 00:11:40,000 a big part of it. I don't know they're going to 218 00:11:40,000 --> 00:11:42,400 raise much more than this. I mean, Mando, if you had to put 219 00:11:42,400 --> 00:11:45,720 an over under on where you think this this thing comes in at here 220 00:11:46,480 --> 00:11:49,600 perhaps at the end of this week, what do you think the number is? 221 00:11:49,600 --> 00:11:51,400 And then do you think they're going to have to cap the sailor? 222 00:11:51,400 --> 00:11:53,640 What do you even do when you try to raise 300 million and you 223 00:11:53,640 --> 00:11:56,720 only have 15 or 20 in the coffers? 224 00:11:57,920 --> 00:12:00,760 You call up all the people that with the Bitcoin conference and 225 00:12:00,760 --> 00:12:05,080 you say hey do. You want this National League? 226 00:12:05,600 --> 00:12:08,640 Yeah. That's what I think is going to 227 00:12:08,640 --> 00:12:10,760 happen here. Like as far as I'm aware, 228 00:12:10,760 --> 00:12:13,600 there's a number, there's a number of very senior advisors 229 00:12:13,600 --> 00:12:16,240 to this project right within crypto circles, A lot of that 230 00:12:16,240 --> 00:12:18,840 Bitcoin Magazine team plus others. 231 00:12:18,920 --> 00:12:21,280 I don't know if that being as public about it, but there's 232 00:12:21,280 --> 00:12:24,480 definitely senior people in crypto who are trying to make 233 00:12:24,480 --> 00:12:29,880 this happen. This essentially just becomes a 234 00:12:29,880 --> 00:12:33,880 pack, you know what I mean? Like in my opinion, like you, 235 00:12:34,240 --> 00:12:35,240 that's how they're going to sell this. 236 00:12:35,240 --> 00:12:39,160 So who knows? Elon just gave 70 million to 237 00:12:39,160 --> 00:12:42,280 Trump, right? It looks like I saw the ACA 16 C 238 00:12:42,280 --> 00:12:46,240 guys gave two and a half million today. 239 00:12:47,560 --> 00:12:49,160 Yeah, maybe people just stop throwing money at it. 240 00:12:49,840 --> 00:12:52,080 Yeah, I can see that. That's not a crazy outcome. 241 00:12:52,280 --> 00:12:54,600 I'm not going to take the under on this because there, there's 242 00:12:54,600 --> 00:12:56,800 so many ways they can pivot, I think. 243 00:12:56,800 --> 00:12:58,880 And we're seeing that in the election market too, right? 244 00:12:58,880 --> 00:13:02,000 Like there's some, some whales on the, on the Trump side. 245 00:13:02,000 --> 00:13:04,560 And I, I don't have the tweets handy, but but folks have done 246 00:13:04,560 --> 00:13:07,680 some research on this on some, some walls that have certainly 247 00:13:07,680 --> 00:13:11,280 been been driving this up on the, the Trump side. 248 00:13:11,280 --> 00:13:13,760 There's there's clearly more Trump whales than there are 249 00:13:13,760 --> 00:13:16,640 combo whales at this point in time. 250 00:13:17,480 --> 00:13:21,000 So it wouldn't be a huge shock if folks with with those bigger 251 00:13:21,000 --> 00:13:25,280 pockets throw some of that action towards the WLFI token. 252 00:13:25,760 --> 00:13:28,600 Wouldn't surprise me at all. So that'll be one story to 253 00:13:28,600 --> 00:13:31,280 continue watching here this week, folks kind of pulling back 254 00:13:31,280 --> 00:13:32,840 to the market. So we talked about, oh, Bitcoin 255 00:13:32,880 --> 00:13:36,800 smashed through 68 wow 68,200 live on the show. 256 00:13:36,800 --> 00:13:40,800 Another strong warning. But what jumps out is is Etha's 257 00:13:41,040 --> 00:13:43,480 even slightly red on the day and so is Solana. 258 00:13:43,520 --> 00:13:48,320 So to Mano's point, this is a Bitcoin only move and not really 259 00:13:48,320 --> 00:13:51,160 a whole lot else. So the Doge was the was the top 260 00:13:51,160 --> 00:13:55,240 leader on on the day of the the top 100 or so tokens. 261 00:13:55,240 --> 00:13:58,080 Litecoin was next, as he mentioned. 262 00:13:58,080 --> 00:14:00,480 So it's a pretty light day. Yeah. 263 00:14:00,480 --> 00:14:05,480 So, so Bitcoin, yeah, Bitcoin's top 10 mover here on on the day. 264 00:14:05,480 --> 00:14:08,240 So, so not a whole lot of action across the board. 265 00:14:08,800 --> 00:14:14,240 Is that, is that concerning like Mando is it did you? 266 00:14:14,280 --> 00:14:16,760 I guess for me, like I would have expected when this Bitcoin 267 00:14:16,760 --> 00:14:19,480 rally came, I guess I kind of thought in my head that Solana 268 00:14:19,480 --> 00:14:22,720 would probably move along with it like it had been and then 269 00:14:22,720 --> 00:14:25,000 probably Ethereum as well, perhaps as much. 270 00:14:27,920 --> 00:14:31,360 It's not surprising to me. I guess I've been saying this 271 00:14:31,360 --> 00:14:33,680 for a long time. Like I think, I think going into 272 00:14:33,680 --> 00:14:37,360 Q4 just felt like the L1 wars have become more competitive and 273 00:14:37,360 --> 00:14:40,240 I think Solana has been keeping up with Bitcoin like broadly on 274 00:14:40,240 --> 00:14:42,280 the week, right? Solana's up 10%. 275 00:14:43,000 --> 00:14:47,160 So like sole BTC chart has been sideways for like a while now. 276 00:14:47,160 --> 00:14:50,640 Like the sole E chart, Sorry, the Bitcoin ETH chart looks 277 00:14:50,640 --> 00:14:53,840 horrific, but salon's just like keeping pace with Bitcoin on the 278 00:14:53,840 --> 00:14:56,720 way up. But I think I preferred Bitcoin 279 00:14:56,720 --> 00:15:01,200 as a risk reward in that world because, you know, I own salon 280 00:15:01,200 --> 00:15:03,960 because I want it to be like a three XI don't own it for like 281 00:15:03,960 --> 00:15:09,600 Bitcoin returns. So I think Bitcoin dominance is 282 00:15:09,600 --> 00:15:12,280 actually going to peak around the election time, if I'm 283 00:15:12,280 --> 00:15:14,960 honest, like I think I think we could, we could see it break out 284 00:15:14,960 --> 00:15:19,200 here because also I think normies and by normies, I think 285 00:15:19,200 --> 00:15:23,800 like non crypto holders, they'll buy Bitcoin into the election. 286 00:15:23,880 --> 00:15:25,120 They'll be like, that's the trade. 287 00:15:25,280 --> 00:15:28,240 I'll buy Bitcoin. They're not going to come in and 288 00:15:28,240 --> 00:15:32,440 buy one of these old coins. So I just think you're you're 289 00:15:32,600 --> 00:15:35,040 entering a period where a lot of normies will come in and buy 290 00:15:35,040 --> 00:15:36,800 Bitcoin just for a trade around the election. 291 00:15:36,800 --> 00:15:39,200 And that will probably mean Bitcoin dominance increases 292 00:15:39,200 --> 00:15:42,520 around that time. And then afterwards, you know, 293 00:15:42,760 --> 00:15:46,600 if, if Bitcoin's at 7580 K, yeah, we're going to start 294 00:15:46,600 --> 00:15:48,480 sending some of these coins, right? 295 00:15:49,960 --> 00:15:53,320 But but I do think Bitcoin dominance probably continues to 296 00:15:53,320 --> 00:15:55,680 rise. That's probably my new mental 297 00:15:55,680 --> 00:15:58,200 model for how we play out the next few weeks. 298 00:15:58,640 --> 00:16:01,360 The only hiccup is, is is E1 and Tesla selling? 299 00:16:01,360 --> 00:16:03,320 I think that would be a massive surprise. 300 00:16:04,160 --> 00:16:05,840 I don't know that we ever really uncovered a reason. 301 00:16:05,840 --> 00:16:09,440 Granted, it's only it's been less than a day, but the Tesla 302 00:16:09,440 --> 00:16:15,360 wallets have apparently moved over $750 million worth of 303 00:16:15,360 --> 00:16:17,040 Bitcoin. All of their Bitcoin it looks 304 00:16:17,040 --> 00:16:19,200 like. He hasn't sold it though, right? 305 00:16:19,640 --> 00:16:20,880 No, right. They have not sold it. 306 00:16:20,880 --> 00:16:23,080 So they just moved it. So there's a chance it's it's 307 00:16:23,080 --> 00:16:26,960 OPSEC there. There's a lot of different 308 00:16:26,960 --> 00:16:28,680 reasons why perhaps they could have done it. 309 00:16:29,360 --> 00:16:31,200 Yeah, they hadn't moved in two years. 310 00:16:31,200 --> 00:16:33,760 So that this sparked some headlines we saw like Tier 10 311 00:16:34,160 --> 00:16:36,560 tweeting about this. So it went around the horn, but 312 00:16:36,560 --> 00:16:38,640 but clearly doesn't look like the market's too shipping up 313 00:16:38,640 --> 00:16:40,040 about. It does. 314 00:16:40,040 --> 00:16:43,160 Does does Elon sell Bitcoin just before the election? 315 00:16:43,600 --> 00:16:45,640 Just doesn't feel like the right move for him. 316 00:16:46,840 --> 00:16:48,840 That would make a lot of people question a lot of things that 317 00:16:48,840 --> 00:16:51,760 have been happening. Just like he doesn't need to 318 00:16:54,440 --> 00:16:57,280 grok, just raised what, 6/6? Billion. 319 00:16:57,280 --> 00:17:03,120 Was it something crazy? Or raise a a crazy valuation. 320 00:17:03,560 --> 00:17:06,520 It feels like Stalin, Contessa are all going to do fine. 321 00:17:06,520 --> 00:17:08,520 Like, yeah, I don't think he needs to do anything. 322 00:17:10,760 --> 00:17:12,160 Yeah, I'm trying. I'm going back through some of 323 00:17:12,160 --> 00:17:14,240 their previous. So they they sold, they did sell 324 00:17:14,240 --> 00:17:17,800 back in in 2022. I couldn't recall if they 325 00:17:17,800 --> 00:17:21,760 actually bought back in, but it, it feels like that's likely 326 00:17:22,119 --> 00:17:23,800 nothing burger. So, so don't be too worried 327 00:17:23,800 --> 00:17:27,240 about that just yet folks. But I'm sure the time I'll let 328 00:17:27,240 --> 00:17:32,840 you know if, if Elon does in fact start selling that Bitcoin, 329 00:17:33,960 --> 00:17:35,880 I think that's a good round up on macro. 330 00:17:35,880 --> 00:17:39,160 I I think we, we touched a little bit on memes, the meme 331 00:17:39,160 --> 00:17:44,440 majors Doge is leading the way. We haven't seen that in in quite 332 00:17:44,440 --> 00:17:47,120 some time up 9%. I think that move wasn't enough 333 00:17:47,120 --> 00:17:48,400 to see. I actually tweeted this out 334 00:17:48,400 --> 00:17:52,880 before the show. The overall mean market cap now 335 00:17:53,160 --> 00:17:57,680 hitting a new higher high for the first time since early June. 336 00:17:58,680 --> 00:18:02,000 So I feel like that's a a notable move for those who have 337 00:18:02,000 --> 00:18:05,920 been tracking that. And then Logan, Logan that 338 00:18:05,920 --> 00:18:08,720 euphoric wasn't sure if he's going to show up for work today 339 00:18:09,280 --> 00:18:12,720 after the GOAT token had the night of its life. 340 00:18:13,320 --> 00:18:18,240 Folks, this is up 150% at 300 million at the time of the show. 341 00:18:18,240 --> 00:18:22,200 Yesterday it was 110. It dipped to 110. 342 00:18:22,440 --> 00:18:25,280 It looked like perhaps the, the initial heater was over. 343 00:18:25,760 --> 00:18:29,840 Narrator it it was not over. I, I think we saw a Marc 344 00:18:29,840 --> 00:18:33,200 Andreessen tweet last night, which actually it was not an 345 00:18:33,200 --> 00:18:36,040 endorsement, but he included the ticker in his tweet. 346 00:18:36,880 --> 00:18:39,160 Perhaps I'll, I'll try to find that here in a second. 347 00:18:39,160 --> 00:18:42,920 Maybe folks thought that was kind of a de facto endorsement. 348 00:18:42,920 --> 00:18:46,240 But, but Logan, what's, why is this happening? 349 00:18:46,240 --> 00:18:50,160 How how's GOAT becoming the number one new meme so fast? 350 00:18:50,680 --> 00:18:55,840 Man, so fast I I can't explain the speed aside from people 351 00:18:55,840 --> 00:18:58,680 looking for a a new meta and hoping to participate in 352 00:18:58,680 --> 00:19:00,280 something a little bit different, right? 353 00:19:00,280 --> 00:19:04,560 This is a slightly different than all the other animal coins 354 00:19:04,560 --> 00:19:08,480 just given the lore behind it. But you know, I've seen lots of 355 00:19:08,480 --> 00:19:11,640 tweets regarding the you know this is one of those true 356 00:19:11,640 --> 00:19:15,720 manifestations and possibilities between AI and crypto, right? 357 00:19:15,720 --> 00:19:19,960 You have the AI agent acting on its own on Twitter being 358 00:19:19,960 --> 00:19:23,400 completely ridiculous, if you're following truth terminal at all. 359 00:19:24,560 --> 00:19:28,920 And you have this endorsement of a, a meme coin, the crypto 360 00:19:28,920 --> 00:19:33,480 component here that it's dedicated its life to. 361 00:19:33,480 --> 00:19:36,440 If I, I don't know how to characterize that, but that's, 362 00:19:36,440 --> 00:19:38,760 that's what it's been about. And I, I think people are kind 363 00:19:38,760 --> 00:19:41,160 of zooming out a little bit. You have the, you have the met 364 00:19:41,160 --> 00:19:44,080 new meta potential. You have the this is what's 365 00:19:44,080 --> 00:19:46,640 possible potential. You have the people involved 366 00:19:46,640 --> 00:19:50,680 like Andreessen, as you've noted here, there's just so many 367 00:19:50,680 --> 00:19:53,480 little things kind of coming together and that's really all 368 00:19:53,480 --> 00:19:57,320 you all you need from time to time to have something like this 369 00:19:57,320 --> 00:20:00,800 take off. Yeah, it it feels like it was. 370 00:20:00,800 --> 00:20:03,560 It's like a perfect storm. And Logan. 371 00:20:03,560 --> 00:20:06,960 So tell us your story. So you got in this fairly early. 372 00:20:06,960 --> 00:20:08,800 Are you still, are you still holding on to this thing? 373 00:20:08,800 --> 00:20:12,480 And what's your? I'm still potential target. 374 00:20:12,480 --> 00:20:15,720 Well, at this point I saw somebody say that the the Billy 375 00:20:15,720 --> 00:20:19,440 goat thing, you know, seems like it has a good ring to it. 376 00:20:19,920 --> 00:20:23,720 So I think a billion is a good target, but for right now 377 00:20:23,720 --> 00:20:25,840 whether or not that's feasible, I have no clue. 378 00:20:25,840 --> 00:20:29,360 I thought, you know, to be quite honest, I sold half of my stack 379 00:20:29,360 --> 00:20:34,440 around 130 million thinking that kind of that 125 range was going 380 00:20:34,440 --> 00:20:36,640 to be tough to breakthrough for a while. 381 00:20:36,640 --> 00:20:39,760 It looked like a a good trade. Of course, it's since not looked 382 00:20:39,760 --> 00:20:42,120 so good. But yeah, I got in around 2 383 00:20:42,120 --> 00:20:43,240 million. I mean, we've been following 384 00:20:43,240 --> 00:20:45,960 Truth Terminal from the the lucky lead days, Tyler, right. 385 00:20:45,960 --> 00:20:51,040 We, we knew that Truth Terminal had mentioned potential coin 386 00:20:51,040 --> 00:20:55,080 coming and so put notifications on for some time, turn them off 387 00:20:55,080 --> 00:20:58,080 because again, if you follow the truth terminal, you scroll 388 00:20:58,080 --> 00:21:00,360 through the feed, you'll understand why you would 389 00:21:00,360 --> 00:21:02,280 potentially turn off notifications for it. 390 00:21:03,040 --> 00:21:05,880 But was just in the right place at the right time. 391 00:21:06,680 --> 00:21:10,960 Friend of ours, you know, shared that the they didn't create or 392 00:21:10,960 --> 00:21:15,120 the AI Truth terminal did not create the coin, right, but 393 00:21:15,120 --> 00:21:18,360 started to endorse the coin created based on this go CS 394 00:21:18,360 --> 00:21:21,840 Maximus meme. And yeah, I was like, well, I'd 395 00:21:21,840 --> 00:21:24,200 already previously said that I would be in on a coin like this. 396 00:21:24,560 --> 00:21:26,480 I made a buy around, I think it was around 2 million. 397 00:21:26,480 --> 00:21:29,640 I think my entry, which is pretty early. 398 00:21:29,640 --> 00:21:32,920 I mean, it took off pretty early that that initial surge of like, 399 00:21:33,440 --> 00:21:36,680 you know, pumped to two 5 million, whatever that that was. 400 00:21:36,760 --> 00:21:39,960 That happened pretty quickly. And then I just got lucky. 401 00:21:39,960 --> 00:21:42,040 I was busy this weekend as my fiance's birthday. 402 00:21:42,280 --> 00:21:44,000 I got lucky. So I wasn't looking, wasn't 403 00:21:44,000 --> 00:21:47,000 selling. And at at this point, yeah, 404 00:21:47,320 --> 00:21:50,640 still holding a goat bag. Well, Congrats. 405 00:21:50,640 --> 00:21:53,760 I I think, yeah, I think you had to buy the first day to get in 406 00:21:53,760 --> 00:21:57,320 at 2 million. And yeah, that October 10th and 407 00:21:57,320 --> 00:21:59,680 the time scale this is, is probably what's the most absurd. 408 00:21:59,680 --> 00:22:02,480 So MU Dang recently ran to 300 million. 409 00:22:02,480 --> 00:22:05,400 So there is precedent for a new runner to go this high. 410 00:22:05,720 --> 00:22:08,560 But if folks remember MU Dang, it took about two weeks to to 411 00:22:08,560 --> 00:22:13,000 get there. Goat just did it in five days, 412 00:22:13,880 --> 00:22:17,120 so it launched in the afternoon of the 10th and it's now the 413 00:22:17,120 --> 00:22:18,920 morning of the 16th at 300 million. 414 00:22:18,920 --> 00:22:22,720 So I think this is one of, if not the fastest meme rocket 415 00:22:22,720 --> 00:22:25,360 we've seen, I think since Bone that that's what was coming to 416 00:22:25,360 --> 00:22:28,480 my head this morning. Have we seen a faster mover 417 00:22:29,880 --> 00:22:31,000 since Bone? I don't think so. 418 00:22:31,880 --> 00:22:35,520 Not, not that I can recall. I mean like the second Nero 419 00:22:35,520 --> 00:22:37,560 maybe like that was pretty quick, right? 420 00:22:37,600 --> 00:22:39,920 Not the first one, but the second one with the Binance 421 00:22:39,920 --> 00:22:44,280 listing and stuff, but not organically in this way if you 422 00:22:44,320 --> 00:22:46,840 want to call this organic. It feels more organic. 423 00:22:47,200 --> 00:22:49,440 It's yeah, I mean, I'm not fading this. 424 00:22:49,440 --> 00:22:51,240 I'm not thinking any target. You could tell me your target's 425 00:22:51,240 --> 00:22:52,920 10 billion. And I'm like sure, sure, goat 426 00:22:52,920 --> 00:22:54,000 could probably get to 10 billion. 427 00:22:54,040 --> 00:22:56,280 Why not? I'm seeing a lot of screenshots 428 00:22:56,280 --> 00:22:59,240 from folks who are already up a few 1,000,000 bucks on this one. 429 00:22:59,680 --> 00:23:01,800 So I'm wondering when they're going to start taking their 430 00:23:01,800 --> 00:23:03,440 profits on this. I'd be. 431 00:23:03,680 --> 00:23:04,640 I'd be interested. I saw. 432 00:23:05,440 --> 00:23:09,640 I'm sorry, Tyler, I saw somebody share that someone plugged it 433 00:23:09,640 --> 00:23:13,760 into the Maraud formula, right. And this grades really well 434 00:23:13,960 --> 00:23:16,320 based on Maraud's list and metrics. 435 00:23:16,840 --> 00:23:20,440 I'd be interested to hear Maraud's target for something 436 00:23:20,440 --> 00:23:24,120 like Go, given the absurdity of the targets he has on the rest 437 00:23:24,120 --> 00:23:26,280 of his. You know, like, I don't know, 50 438 00:23:26,280 --> 00:23:28,680 billion for GOAT or whatever, Who knows, Yeah. 439 00:23:28,920 --> 00:23:30,400 It'd probably be his new number one. 440 00:23:31,240 --> 00:23:33,760 Of course it wouldn't qualify for his list because it hasn't 441 00:23:33,760 --> 00:23:36,600 been round long enough and survived the 70% pull backs. 442 00:23:36,600 --> 00:23:39,760 So that'll be our test of GOAT if it never pulls back, who 443 00:23:39,760 --> 00:23:46,000 knows if it will it it seemingly has inspired again another meta 444 00:23:46,560 --> 00:23:49,680 of this like AI token. So now everything's getting spun 445 00:23:49,680 --> 00:23:51,840 up. So dog AI was it is a trending 446 00:23:51,840 --> 00:23:57,200 token right now. It's up 500,000% right now. 447 00:23:57,200 --> 00:24:01,440 I think there's a few others. AI Dog, have you chased any of 448 00:24:01,440 --> 00:24:03,880 the derivative plays or do you think that Meta has any legs or 449 00:24:03,880 --> 00:24:05,360 is it just goat right now? Logan. 450 00:24:05,680 --> 00:24:09,240 Yeah, I have not chased them. I've been following Medusa a 451 00:24:09,240 --> 00:24:10,600 little bit. I think you talked about that on 452 00:24:10,600 --> 00:24:14,760 the show yesterday, kind of running with a similar theme, 453 00:24:14,760 --> 00:24:18,880 the first pump fun created by an AI. 454 00:24:20,080 --> 00:24:21,120 This is yeah, this is already spiked. 455 00:24:21,120 --> 00:24:24,200 When I first tweeted about it yesterday on the Lucky Trader 456 00:24:24,200 --> 00:24:26,640 account, I think it was at like 12 million or something and it 457 00:24:26,800 --> 00:24:28,760 it got up close to where it's 30 or something. 458 00:24:29,640 --> 00:24:32,160 So I've been following this one a little bit, but the others 459 00:24:32,160 --> 00:24:35,360 now, yeah, I've made that silly chase the derivative thing. 460 00:24:35,720 --> 00:24:38,040 I've made that mistake 100 million times. 461 00:24:38,040 --> 00:24:41,480 And I'm fortunate in this instance to actually own what I 462 00:24:41,480 --> 00:24:45,720 deem to be the winner. Hopefully go so I don't need I 463 00:24:45,720 --> 00:24:48,240 don't feel the need to chase downstream quite as much as 464 00:24:48,240 --> 00:24:51,600 perhaps I would have last time, or any other meta where I've I 465 00:24:51,600 --> 00:24:54,880 felt like I was trailing. Yeah, on on the winners, I will 466 00:24:54,880 --> 00:24:56,200 say this Medusa chart looks pretty good. 467 00:24:56,360 --> 00:24:59,640 I don't know any, but it looks like it could be getting ready 468 00:25:00,000 --> 00:25:02,640 for a leg up. So I think that was the action 469 00:25:02,640 --> 00:25:05,400 on Solana. I was kind of go around the horn 470 00:25:05,800 --> 00:25:09,400 real quick. Maraud memes were largely red on 471 00:25:09,400 --> 00:25:11,160 the day. Let's see, I Pooh was the only 472 00:25:11,160 --> 00:25:13,880 one in green. I am curious if we're going to 473 00:25:13,880 --> 00:25:16,960 see the I. I keep drawing the comparisons 474 00:25:16,960 --> 00:25:20,920 to the Art Blocks curated run back in 2021 where we would pump 475 00:25:21,280 --> 00:25:24,080 Thursday to Sunday, drawback Monday to Wednesday, and then 476 00:25:24,080 --> 00:25:26,240 the weekend run would start. So I'm curious if we will start 477 00:25:26,240 --> 00:25:28,960 to see some action on this board. 478 00:25:30,160 --> 00:25:33,280 Folks visibly shaken by some of the pullbacks in these things. 479 00:25:33,280 --> 00:25:36,240 I guess they thought these tokens would only go up for 480 00:25:36,240 --> 00:25:42,080 forever, but what we will certainly see on the E board. 481 00:25:42,080 --> 00:25:44,880 Let's let's take a quick look. What do we got? 482 00:25:46,120 --> 00:25:49,040 Yeah, mostly chop. Not a whole lot of big action 483 00:25:49,040 --> 00:25:52,080 here up top. So yeah, we'll we'll we'll see 484 00:25:52,080 --> 00:25:56,240 if we get any more notable action here across the the rest 485 00:25:56,320 --> 00:26:00,000 of today over in Runesland, there actually is a couple 486 00:26:00,000 --> 00:26:03,800 interesting stories kind of going from meme coins to runes. 487 00:26:04,280 --> 00:26:08,800 So Kota Fluffington, the the cat memes are are taking over Roon's 488 00:26:08,800 --> 00:26:10,720 world. It, it seems like this was the 489 00:26:10,720 --> 00:26:12,440 top mover. It's up 18X. 490 00:26:12,440 --> 00:26:14,360 It's $3,000,000. So you had to get in pretty 491 00:26:14,360 --> 00:26:20,000 early to catch that 18, that 18X, but pretty big volume 23 492 00:26:20,000 --> 00:26:25,280 Bitcoin over 1,000,000. So it's the top mover on the 493 00:26:25,280 --> 00:26:27,400 day. I think what's notable about 494 00:26:27,400 --> 00:26:29,520 Gizmo, So Gizmo is the recent runner. 495 00:26:29,520 --> 00:26:33,280 It's holding up 14,000,000. It is down about 40%, I believe, 496 00:26:33,320 --> 00:26:35,760 from peak. Yeah, it's up around 28 sets, 497 00:26:35,760 --> 00:26:38,280 though Bitcoin's gone up a bit since here. 498 00:26:38,840 --> 00:26:43,160 But Logan, I believe there is a Ordinals mint coming. 499 00:26:43,160 --> 00:26:44,040 Yeah. Could. 500 00:26:44,840 --> 00:26:47,240 The kitten. I have not had a chance to dig 501 00:26:47,240 --> 00:26:50,720 into, to understand the relationship between the rune 502 00:26:50,720 --> 00:26:55,240 and the potential ordinal. So I'm not certain that there's 503 00:26:55,240 --> 00:26:58,120 a connection there. But there is a Gizmo, the cat. 504 00:26:58,160 --> 00:26:59,200 Yeah, I believe it's that account there. 505 00:26:59,200 --> 00:27:02,200 Tyler Ordinal coming, I think. Tomorrow. 506 00:27:02,240 --> 00:27:06,960 Yes, tomorrow that. You know, I imagine we haven't 507 00:27:06,960 --> 00:27:12,800 had since this renewed interest in Ordinals and runes over the 508 00:27:12,800 --> 00:27:15,840 course of the last few weeks. We have not had a new Ordinals 509 00:27:15,840 --> 00:27:19,600 mint that I'm aware of with any sort of steam or interest. 510 00:27:20,000 --> 00:27:23,240 Of course, the rune itself, about Gizmo, has already taken 511 00:27:23,240 --> 00:27:26,840 off and done quite well. Wouldn't surprise me to see this 512 00:27:26,840 --> 00:27:29,560 one do quite well either. I believe it's free. 513 00:27:29,560 --> 00:27:30,320 There's three. Yeah. 514 00:27:30,360 --> 00:27:32,320 You can see three phases there. Puppets. 515 00:27:32,320 --> 00:27:34,760 I don't know what Sogs are. Is that just a name for 516 00:27:34,760 --> 00:27:36,680 something? Short hands or something that's. 517 00:27:37,240 --> 00:27:41,000 Their nickname for the last jet? OK, Yeah. 518 00:27:41,000 --> 00:27:44,680 So we'll we'll see, we'll see this go off tomorrow. 519 00:27:44,680 --> 00:27:47,320 I expect it will it'll do quite well. 520 00:27:47,320 --> 00:27:49,280 It'll be really interesting to gauge. 521 00:27:49,440 --> 00:27:53,280 You remember the the last big one that we were just trying to 522 00:27:53,280 --> 00:27:56,200 create price targets for was probably Quantum cats, maybe 523 00:27:56,200 --> 00:27:57,480 pizza ninjas, those types of things. 524 00:27:57,800 --> 00:28:00,640 It'll be interesting to gauge where this comes out right off 525 00:28:00,640 --> 00:28:04,040 the RIP. You know, is this a .02 Bitcoin 526 00:28:04,360 --> 00:28:07,080 thing, You know, right away, is it nothing? 527 00:28:08,120 --> 00:28:09,760 But we, we just haven't, we haven't seen anything. 528 00:28:09,760 --> 00:28:12,320 We haven't been able to really even create any barometer for 529 00:28:12,320 --> 00:28:14,400 ordinal success in the last couple months. 530 00:28:15,080 --> 00:28:17,040 Yeah, the the timing is good for this. 531 00:28:17,600 --> 00:28:19,440 So I think there's going to be a lot of demand. 532 00:28:20,040 --> 00:28:22,240 Curious what the mint price is. Of course, it doesn't look like 533 00:28:22,240 --> 00:28:24,480 we had that here. The fact that it's free. 534 00:28:25,040 --> 00:28:28,680 Oh, OK, free mint. So that that was if it's free, 535 00:28:28,680 --> 00:28:32,080 this is going to do pretty well. But with that being said, it it 536 00:28:32,080 --> 00:28:36,760 is a it's a derivative like it's a sidekick and it's not from the 537 00:28:36,760 --> 00:28:39,920 same team, right? This is not from the puppets 538 00:28:39,920 --> 00:28:42,880 artist as I understand it. Correct. 539 00:28:42,880 --> 00:28:45,120 No, I don't. I don't believe so. 540 00:28:45,440 --> 00:28:48,680 And there's like there's some weird, I mean it feels a little 541 00:28:48,680 --> 00:28:50,360 cryptic on this account and everything. 542 00:28:50,360 --> 00:28:52,640 I would make sure this is definitely minting like on Magic 543 00:28:52,640 --> 00:28:55,640 Eden and stuff like that prior to participating. 544 00:28:56,240 --> 00:28:59,640 Yeah, definitely exercise caution with like hyped mints. 545 00:28:59,640 --> 00:29:02,760 We just haven't had to issue that warning in a long time. 546 00:29:03,160 --> 00:29:06,040 But assuming this mints on Magic Eden's launchpad and everything, 547 00:29:06,440 --> 00:29:10,880 yeah, I expect it will do a couple multiples from free for 548 00:29:10,880 --> 00:29:12,720 sure. Yeah, one to watch. 549 00:29:13,280 --> 00:29:16,400 Certainly not an endorsement, but I think it could impact the 550 00:29:16,400 --> 00:29:18,400 runes. So if if the Ordinals does well, 551 00:29:18,400 --> 00:29:20,000 I actually wonder if that hurts the runes. 552 00:29:20,640 --> 00:29:23,120 We're going to find out soon. I think one of the more 553 00:29:23,120 --> 00:29:25,880 interesting stories from yesterday on the memecoin topic 554 00:29:25,880 --> 00:29:30,520 before we we move on and get into some NFT headlines here was 555 00:29:30,520 --> 00:29:35,120 out of dows dot fun. So I saw Imran Khan tweet about 556 00:29:35,120 --> 00:29:37,360 this, but they're launching this new products. 557 00:29:37,360 --> 00:29:40,680 It's called dows dot fun. Basically the way it works is 558 00:29:40,680 --> 00:29:44,880 you can get together with your buddies to join, to form a 559 00:29:44,880 --> 00:29:49,080 memecoin, Dow, to trade memes or to even launch them yourself. 560 00:29:49,320 --> 00:29:52,360 You can raise up to 15 K, you can issue a doubt token from 561 00:29:52,360 --> 00:29:55,480 there and then they will issue you a smart wallet that you can 562 00:29:55,480 --> 00:29:58,680 control. Buy and sell tokens from there. 563 00:29:58,880 --> 00:30:02,400 Like the one twist is that all of the dials come with an 564 00:30:02,400 --> 00:30:05,040 expiration date. So you have three months to a 565 00:30:05,040 --> 00:30:08,440 year before the the Dow gets automatically shut down with all 566 00:30:08,440 --> 00:30:11,760 the the funds distributed out to members. 567 00:30:11,760 --> 00:30:16,120 So a little bit of an interesting twist there. 568 00:30:17,920 --> 00:30:19,320 I saw some interesting reactions to this. 569 00:30:19,320 --> 00:30:20,400 And Logan, I'm curious for yours. 570 00:30:20,400 --> 00:30:23,720 I think a lot of folks, I saw folks in my timeline kind of 571 00:30:23,720 --> 00:30:25,680 talking about doing this on their own. 572 00:30:25,720 --> 00:30:29,640 Like I saw folks like me say, like, would you, do you want me 573 00:30:29,640 --> 00:30:32,240 to trade memes for you? And I'll take 25% profit? 574 00:30:32,240 --> 00:30:35,440 And I saw more and more of that start to happen. 575 00:30:35,560 --> 00:30:39,120 And this is very similar to what was happening with NFTS in 2021 576 00:30:39,480 --> 00:30:41,800 where the numbers were going up and everyone started thinking, 577 00:30:41,800 --> 00:30:45,040 OK, I should start an NFT fund. So now we're starting to see 578 00:30:45,040 --> 00:30:47,560 that with memecoin funds. What are your reactions to this? 579 00:30:47,560 --> 00:30:49,520 Do you think it's going to have some legs here? 580 00:30:49,520 --> 00:30:51,680 And and then like how would it compare to any other products we 581 00:30:51,680 --> 00:30:54,200 have? Yeah, I mean, you wrote it in 582 00:30:54,200 --> 00:30:56,240 the last line there. It's it's like party Dow meets 583 00:30:56,240 --> 00:30:59,160 pumped out fun. I love party Dow, if you haven't 584 00:30:59,160 --> 00:31:00,920 checked that out. I mean, I don't think it gets 585 00:31:00,920 --> 00:31:03,200 enough love for some of the cool little innovations that it's 586 00:31:03,200 --> 00:31:04,480 done. So I think this is a really cool 587 00:31:04,480 --> 00:31:07,160 idea. And I definitely like the fact 588 00:31:07,160 --> 00:31:11,360 that, you know, this has some of that smart control, whereas, you 589 00:31:11,360 --> 00:31:14,640 know, if you're just creating a hedge or sorry, a meme fund on 590 00:31:14,640 --> 00:31:16,920 your timeline, right? There's not necessarily any 591 00:31:16,920 --> 00:31:21,640 programmatic controls about the the dissolution of it, the 592 00:31:21,640 --> 00:31:25,320 distribution of the profits or, you know, tokens or anything 593 00:31:25,320 --> 00:31:26,760 like that. And this seems to take care of 594 00:31:26,760 --> 00:31:31,080 some of those potential issues that would arise with any strife 595 00:31:31,080 --> 00:31:32,960 between partners or whatever the case may be. 596 00:31:32,960 --> 00:31:36,800 So I think this is super cool. You know, will we see massive, 597 00:31:36,800 --> 00:31:38,960 massive funds spin up as a result of this? 598 00:31:38,960 --> 00:31:40,960 Unlikely. But if you just want to kind of 599 00:31:40,960 --> 00:31:45,000 mess around with some of your friends and have a central place 600 00:31:45,000 --> 00:31:48,640 to to trade and track, I, I think it's pretty cool. 601 00:31:48,760 --> 00:31:50,400 Now it is. They're doing it, starting it 602 00:31:50,400 --> 00:31:53,040 privately, right, Like you have to, it's invite only to start. 603 00:31:53,040 --> 00:31:56,560 So it's not like I can just go out and create one right away 604 00:31:56,560 --> 00:31:59,800 and invite people to join. I think that's smart as well. 605 00:31:59,800 --> 00:32:03,000 Iron out any of the kinks. But I'll be I'll be interested 606 00:32:03,000 --> 00:32:06,240 to see what what comes of it. I think Dows are a really cool 607 00:32:06,240 --> 00:32:10,560 idea that we just haven't, you know, found perhaps the perfect 608 00:32:10,880 --> 00:32:13,880 recipe for for launching and executing thus far. 609 00:32:14,000 --> 00:32:16,240 Will this be that? I don't know, but I'm cool to 610 00:32:16,240 --> 00:32:20,080 see more innovation of it. Yeah, it's a fun new product. 611 00:32:20,120 --> 00:32:24,320 I'm sure we will see some folks spin these up, so we'll be 612 00:32:24,320 --> 00:32:26,280 curious to follow quickly. I have to shout out our code for 613 00:32:26,280 --> 00:32:29,440 today though, for those who are dialed in for the roll bit 614 00:32:29,440 --> 00:32:31,240 spins. The code is GOAT. 615 00:32:32,160 --> 00:32:34,920 The code again is Go. So we'll probably get into those 616 00:32:34,920 --> 00:32:38,880 spins here in about 10 minutes or so. 617 00:32:39,520 --> 00:32:41,720 Before we get there, maybe let's shift gears, talk a little bit 618 00:32:41,720 --> 00:32:45,240 about NFTS. There are a few headlines that I 619 00:32:45,240 --> 00:32:48,080 I wanted to talk about. So one was this punk trade. 620 00:32:48,320 --> 00:32:51,600 I kind of saw it and then just kind of moved past it during my 621 00:32:51,600 --> 00:32:55,480 day yesterday. But this became notable here 622 00:32:55,720 --> 00:33:00,880 from a comment from Punks OTC. So we saw 75 each punk sale. 623 00:33:01,280 --> 00:33:05,640 This was a six trade. And then notably, Punks OTC 624 00:33:05,640 --> 00:33:09,640 saying he thinks that this will have the highest ROI of any of 625 00:33:09,640 --> 00:33:12,320 the punks bought and sold recently. 626 00:33:12,880 --> 00:33:15,560 Logan, curious if you had any reactions to this one. 627 00:33:15,560 --> 00:33:19,720 You think he's right? Do I think he's right? 628 00:33:20,320 --> 00:33:23,680 You know, I'm not going to fade punks OTC. 629 00:33:23,680 --> 00:33:26,080 Is there anybody who knows the punks market any better? 630 00:33:26,080 --> 00:33:28,560 Probably not. So I'm not going to fade that 631 00:33:30,040 --> 00:33:32,560 interesting looking punk. I don't necessarily love 632 00:33:33,280 --> 00:33:35,600 aesthetically, but a major drop off. 633 00:33:35,600 --> 00:33:38,000 Yeah, you're pulling it up here. The discrepancy between the 634 00:33:38,000 --> 00:33:40,760 sales for six straight punks, which of which there's only 11, 635 00:33:42,080 --> 00:33:46,480 a massive drop off from the from those others that were sold 636 00:33:46,480 --> 00:33:48,120 what, like a year ago, two years ago. 637 00:33:48,120 --> 00:33:52,000 Of course, those that was peak punk time, you know, but this is 638 00:33:52,080 --> 00:33:56,480 this is a a quite rare punk that if you're expecting or 639 00:33:56,480 --> 00:34:01,400 suspecting a punk run likely has a couple multiples or at least 640 00:34:01,400 --> 00:34:04,160 maybe one multiple in it for sure. 641 00:34:04,160 --> 00:34:09,360 So I like this trade, if you're able to, to make it feels pretty 642 00:34:09,360 --> 00:34:12,880 good. It's one of the more aesthetic 6 643 00:34:12,880 --> 00:34:14,719 trades out there. I mean, it's got the mask, so 644 00:34:14,719 --> 00:34:16,159 you're going to have to deal with that. 645 00:34:16,960 --> 00:34:18,800 I I've forgotten how rare the six trades are. 646 00:34:18,800 --> 00:34:20,520 There's only eleven of these. Yeah. 647 00:34:20,880 --> 00:34:22,520 Wow. So I mean, this is one of the 648 00:34:22,600 --> 00:34:27,560 the single most rare groups of punks there are. 649 00:34:28,199 --> 00:34:31,880 You mentioned the high sales. So this is the lowest sale since 650 00:34:31,880 --> 00:34:35,600 sixth straight went for 65, eight back three years ago. 651 00:34:35,600 --> 00:34:40,320 We saw them go as high as 667, quite, quite the flip for who 652 00:34:40,320 --> 00:34:44,000 got the 400 and 667 there in the same year. 653 00:34:44,000 --> 00:34:45,920 So we've seen some nice flips on these. 654 00:34:46,800 --> 00:34:50,719 Yeah, I think we can see a similar, similar nice flip on 655 00:34:50,719 --> 00:34:52,280 these. So a nice punk sale. 656 00:34:52,560 --> 00:34:58,600 Congrats to the buyer on that. We've got X copy back and a live 657 00:34:58,600 --> 00:35:03,680 on the market. So his shape L2 mint Cope 658 00:35:03,920 --> 00:35:08,200 Salada, Salada Cope Salada finally minted out yesterday. 659 00:35:08,200 --> 00:35:11,760 It it was again a generative edition. 660 00:35:11,760 --> 00:35:15,600 So each of them are unique 250 in total supply. 661 00:35:16,600 --> 00:35:19,480 It looks like the floor is hanging out right around 3.5 662 00:35:19,480 --> 00:35:21,880 ETH. This was a 0.33 ETH mint, so a 663 00:35:21,880 --> 00:35:25,800 nice 10X right right off the bat. 664 00:35:26,360 --> 00:35:28,840 Logan, I'm curious, have you did you look at this highlight 665 00:35:28,840 --> 00:35:32,200 marketplace much on shape? Any reactions here? 666 00:35:32,560 --> 00:35:34,800 I think this was really the first time other than sign up 667 00:35:34,800 --> 00:35:36,760 where I I kind of started playing with the site. 668 00:35:36,760 --> 00:35:38,560 Curious if you have any reactions to the to the? 669 00:35:39,960 --> 00:35:41,080 Yeah. So have you highlight four? 670 00:35:41,080 --> 00:35:44,200 I think there's also like some base stuff on there as well. 671 00:35:44,400 --> 00:35:47,720 It's pretty nice marketplace As for the collection itself, I 672 00:35:47,760 --> 00:35:52,880 mean this now becomes one of the more affordable X copies and a 673 00:35:52,880 --> 00:35:56,200 seemingly always X copy season. You know, it feels like that I 674 00:35:56,200 --> 00:36:00,080 mean art of course, has its ebbs and flows here, but X copy 675 00:36:00,080 --> 00:36:05,680 remains hot almost forever. I I don't necessarily love this 676 00:36:05,680 --> 00:36:08,800 particular collection when comparing to others, but if you 677 00:36:08,800 --> 00:36:13,720 wanted to gain access to to an X copy, how much Is there anything 678 00:36:13,720 --> 00:36:15,480 cheaper aside from like Max Payne I? 679 00:36:15,480 --> 00:36:21,960 I don't think so. There are some out there, but 680 00:36:21,960 --> 00:36:24,360 like I think a great analogy would be Remnants. 681 00:36:24,360 --> 00:36:28,920 This is his last X of 250 generative edition. 682 00:36:29,400 --> 00:36:32,600 And it's at, I mean, it's at an 84 with with A5 offers. 683 00:36:32,600 --> 00:36:35,920 So it's significantly below that feels like it maybe has room to 684 00:36:35,920 --> 00:36:37,640 run. But I think perhaps the downside 685 00:36:37,640 --> 00:36:39,880 I've seen folks talk about, I thought it's on shape. 686 00:36:40,120 --> 00:36:41,600 Yeah. I mean. 687 00:36:41,800 --> 00:36:43,080 Hard to find. Right. 688 00:36:43,280 --> 00:36:46,480 It's harder to find and it's also just like you're, you know, 689 00:36:46,520 --> 00:36:51,200 Ethereum for all the gripes that we have with it, it's 690 00:36:51,200 --> 00:36:54,280 established, you know, you're sort of also betting on shape 691 00:36:54,280 --> 00:36:57,920 success in a way, although maybe we'll forget about shape. 692 00:36:57,920 --> 00:37:00,800 And you see from time to time those X copy discovery things. 693 00:37:00,800 --> 00:37:03,440 I just saw one last week. Somebody found an addition from 694 00:37:03,440 --> 00:37:07,840 some, you know, broken or you know, no longer existing 695 00:37:07,840 --> 00:37:10,040 marketplace and they bought some X copies or something. 696 00:37:10,040 --> 00:37:13,000 So maybe we'll be doing that. We'll have to file this away for 697 00:37:13,000 --> 00:37:16,680 10 years from now. We'll be buying Cope Salata off 698 00:37:16,680 --> 00:37:20,000 the off the forgotten pages of shape the. 699 00:37:20,560 --> 00:37:23,080 X copy archaeologists, I'm sure they they will find it. 700 00:37:23,480 --> 00:37:27,440 I also be blunt, I got I love some of the old X copy and I do 701 00:37:27,440 --> 00:37:30,240 think he's one of the best digital artists we have. 702 00:37:30,680 --> 00:37:34,080 I'm not in love with these new this new edition meta where it's 703 00:37:34,080 --> 00:37:38,560 just kind of like the the the BLOB glitch art like yes, 704 00:37:38,560 --> 00:37:41,040 they're all unique, but all kind of pretty much the same. 705 00:37:41,040 --> 00:37:43,320 You can't really tell them apart. 1 doesn't really stand 706 00:37:43,320 --> 00:37:47,360 out above another and it cope Salada kind of the same. 707 00:37:47,600 --> 00:37:50,320 It's got the face in it, I guess, which is nice. 708 00:37:51,280 --> 00:37:54,000 You perhaps can make it. It's perhaps PFP able. 709 00:37:54,240 --> 00:37:56,440 I was curious what he would do with this, if he would make it 710 00:37:56,440 --> 00:38:00,200 more of a PFP, but perhaps actually now some of these I do 711 00:38:00,200 --> 00:38:01,760 like. So like this one's kind of cool. 712 00:38:02,440 --> 00:38:05,960 I think if I were really looking for an X copy I would buy a 713 00:38:05,960 --> 00:38:08,600 grifter personally. I mean it's like 3 times the 714 00:38:08,600 --> 00:38:11,960 cost here but like there's no way I'm choosing remnants over a 715 00:38:11,960 --> 00:38:15,560 grifter, right? Remnants feels too hot compared 716 00:38:15,560 --> 00:38:17,760 to grifters and I also think cope salata is nicer. 717 00:38:17,760 --> 00:38:21,720 Now that I'm looking at it, I would pick cope salata over 718 00:38:21,720 --> 00:38:22,640 remnants. So. 719 00:38:22,640 --> 00:38:26,680 So something's mispriced. We'll, we'll see if the the 720 00:38:26,680 --> 00:38:29,600 market adjusts or perhaps I'm just way off in left field. 721 00:38:30,000 --> 00:38:32,440 I think arguably the most notable headline from yesterday 722 00:38:32,560 --> 00:38:35,840 was out of Azure Games. I don't know if folks remember 723 00:38:35,840 --> 00:38:37,120 this. I actually traded some of these 724 00:38:37,120 --> 00:38:41,520 back when they first launched. They announced a $42 million 725 00:38:41,520 --> 00:38:46,600 raise yesterday from some huge players, Pantera Capital, A16Z 726 00:38:46,960 --> 00:38:50,000 Crypto along with A16Z Games and NFX. 727 00:38:50,240 --> 00:38:55,480 This brings their total funding up to $68 million as they look 728 00:38:55,480 --> 00:38:59,160 to to revolutionize mobile RP GS. 729 00:38:59,560 --> 00:39:02,360 I think what, what kind of stands out to me about this one 730 00:39:02,360 --> 00:39:06,800 is I feel like our timeline, the NFT crypto timeline that I'm 731 00:39:06,920 --> 00:39:10,520 plugged into there, there was no mention of this whatsoever. 732 00:39:11,240 --> 00:39:14,920 Total crickets about this, this massive raise and it and someone 733 00:39:14,920 --> 00:39:17,440 in my comments said that there's this huge divide between kind of 734 00:39:17,440 --> 00:39:20,480 what's happening with in gaming between the East and the West 735 00:39:21,200 --> 00:39:23,960 and it feels like this is bigger in the East. 736 00:39:23,960 --> 00:39:26,640 But yeah, Logan, I'll toss it back to you. 737 00:39:26,640 --> 00:39:30,520 Any reactions to to Azra and perhaps that the lack of noise 738 00:39:30,960 --> 00:39:33,760 on the timeline for such a huge raise? 739 00:39:34,320 --> 00:39:36,360 Yeah, it's it. It's really interesting. 740 00:39:36,360 --> 00:39:38,680 Of course, congratulations to Azra team. 741 00:39:38,680 --> 00:39:41,680 I mean, that's a very notable raise with very notable 742 00:39:41,680 --> 00:39:45,160 participation. A16Z Pantera leading it. 743 00:39:46,080 --> 00:39:50,200 That's that's incredible. 68 million raise now is incredible. 744 00:39:50,480 --> 00:39:52,400 I think you know, like part of it, Tyler, maybe just like 745 00:39:52,400 --> 00:39:54,840 people got a little burnt out on the rays announcements from some 746 00:39:54,840 --> 00:39:59,600 of these games and then the time to completion for games, right? 747 00:39:59,600 --> 00:40:01,600 Like just doesn't feel like anything has ever come to 748 00:40:01,600 --> 00:40:03,960 fruition. I think that maybe perhaps the 749 00:40:03,960 --> 00:40:07,480 best in terms of race to execution that we've seen is 750 00:40:07,480 --> 00:40:10,160 like pirate Nation, right? Proof of play raised like 30 751 00:40:10,160 --> 00:40:12,280 some million from A16Z and others. 752 00:40:12,720 --> 00:40:15,120 And, you know, pirate nation itself has started to execute 753 00:40:15,120 --> 00:40:17,800 and you can play the game and, you know, earn pirate and things 754 00:40:17,800 --> 00:40:19,520 like that. So I don't know if it's just, 755 00:40:20,200 --> 00:40:22,760 you know, people feeling like expectations have not been met. 756 00:40:22,760 --> 00:40:25,400 And so therefore, these announcements sort of fly under 757 00:40:25,400 --> 00:40:29,080 the radar or just people are so far down meme coin meta that, 758 00:40:29,120 --> 00:40:32,880 you know, we can't even look to to gaming, although gaming is 759 00:40:33,480 --> 00:40:36,040 there's some good things happening aside from Azra games, 760 00:40:36,040 --> 00:40:37,920 you've got the off the grid stuff happening. 761 00:40:39,040 --> 00:40:41,160 I see Pando's face epic the the gaming. 762 00:40:41,200 --> 00:40:42,320 So we. Could tell you one thing that's 763 00:40:42,320 --> 00:40:45,720 happening in gaming. Explosion of gaming meme 764 00:40:45,720 --> 00:40:47,480 cleanse. There's stuff, there's stuff 765 00:40:47,480 --> 00:40:52,680 happening and you know, I think, I think honestly, you know, the 766 00:40:52,680 --> 00:40:56,680 gaming use case is such a slam dunk and makes so much sense 767 00:40:56,680 --> 00:41:00,840 that there will eventually be, you know, undoubtedly there will 768 00:41:00,840 --> 00:41:04,720 be winners, whether it's Azra games or, you know, whoever the 769 00:41:04,720 --> 00:41:07,400 case is. But, well, I think we just got 770 00:41:07,400 --> 00:41:10,400 burnt on it, you know, a little bit like we, we didn't realize 771 00:41:10,400 --> 00:41:12,920 how long things took, how hard it was. 772 00:41:13,280 --> 00:41:15,920 And that's some of the consumer expectation just failing, 773 00:41:16,480 --> 00:41:19,880 failing, you know, the market. But yeah, it'll be interesting 774 00:41:19,880 --> 00:41:22,000 to follow. I remember these being a lot 775 00:41:22,000 --> 00:41:23,960 lower. A lot lot lower. 776 00:41:24,080 --> 00:41:27,680 For a long time for 0.1 and selling for like 0.15. 777 00:41:27,840 --> 00:41:31,480 So it, it was a long run to get here. 778 00:41:32,280 --> 00:41:34,400 But yeah, it's a big week for gaming off the grid. 779 00:41:34,400 --> 00:41:37,120 Now that we, we, we're getting glimpses of that AVAX, you know, 780 00:41:37,120 --> 00:41:39,160 gaming house down in Buenos Aires. 781 00:41:39,160 --> 00:41:41,640 So I'm sure more info will come out from that. 782 00:41:41,640 --> 00:41:45,200 We've got the epic duck leading gaming meme coins, you know, 783 00:41:45,200 --> 00:41:49,800 just 25 X off of AXI. So it it, the sector is alive 784 00:41:50,120 --> 00:41:54,120 and fun again. The last story I want to hit 785 00:41:54,120 --> 00:41:59,120 this was an interesting one from those who remember Balaji in the 786 00:41:59,120 --> 00:42:02,400 network state concept that that he made a little bit more 787 00:42:02,400 --> 00:42:03,600 popular. At least he was the one who put 788 00:42:03,600 --> 00:42:07,400 it on my radar. I think back in 2021, perhaps in 789 00:42:07,400 --> 00:42:13,640 the 2022, the idea of kind of a crypto or technology focused 790 00:42:13,640 --> 00:42:17,520 group of people who form their own state. 791 00:42:18,160 --> 00:42:20,520 I think there's been different talks of whether there would 792 00:42:20,520 --> 00:42:23,720 actually be one central physical location or if you would do it 793 00:42:23,720 --> 00:42:25,480 kind of decentralized across the globe. 794 00:42:25,920 --> 00:42:29,560 Well, it looks like one company here in Praxis is looking to 795 00:42:29,560 --> 00:42:35,440 really push this vision forward. Raised $525 million from some 796 00:42:35,440 --> 00:42:40,120 pretty huge players here, Dan Romero from Farcaster, Max 797 00:42:40,120 --> 00:42:43,160 Levenstern from World Coin, amongst others. 798 00:42:43,760 --> 00:42:49,040 To that make this new city, that this network state a reality. 799 00:42:49,920 --> 00:42:52,240 And they had their their three-part goal, their three 800 00:42:52,240 --> 00:42:55,240 drivers here to unlock technological and scientific 801 00:42:55,240 --> 00:42:58,240 possibilities, to create more heroic and beautiful ways of 802 00:42:58,240 --> 00:42:59,720 life. And then to show the world what 803 00:42:59,720 --> 00:43:03,600 is possible that you can still build a great city in the the 804 00:43:03,600 --> 00:43:06,880 21st century. Mando, I'd actually love to to 805 00:43:06,880 --> 00:43:10,440 throw this one to to you. I'm curious if you recall or, or 806 00:43:10,440 --> 00:43:14,080 ever went deep down like the network state rabbit hole when, 807 00:43:14,080 --> 00:43:16,760 when Bellagio kind of brought that up a few years back. 808 00:43:16,760 --> 00:43:19,840 And perhaps if you have any reactions to this, are Are you 809 00:43:19,840 --> 00:43:23,880 ready to move to the network state once they've got this up 810 00:43:23,880 --> 00:43:27,560 and running? There's a lot of like forward 811 00:43:27,560 --> 00:43:30,680 thinking futurism, I think around this sort of concept, 812 00:43:30,680 --> 00:43:33,680 right? Like, and I don't think it's, 813 00:43:33,720 --> 00:43:37,320 it's tied to crypto, but it's also like its own its own thing. 814 00:43:39,680 --> 00:43:43,280 I think crypto become, I think it's the idea to create a state 815 00:43:43,280 --> 00:43:46,080 which is which is almost timeless as well. 816 00:43:47,240 --> 00:43:49,200 Often, if you like go back to history, right? 817 00:43:49,200 --> 00:43:51,440 We have the rise and fall of different States and then the 818 00:43:51,440 --> 00:43:53,200 rise and fall of their currencies and all this sort of 819 00:43:53,200 --> 00:43:54,920 stuff. And the idea is to kind of 820 00:43:54,920 --> 00:44:00,480 create a state that that can last and doesn't fall down some 821 00:44:00,480 --> 00:44:03,640 of the major pitfalls that current societies do. 822 00:44:05,480 --> 00:44:09,480 I personally thinks it's, it's kind of a bit too out there for 823 00:44:09,480 --> 00:44:14,360 me to be a success. But who knows? 824 00:44:14,520 --> 00:44:18,120 Like a lot of, I mean, if you go back to the original Bitcoin 825 00:44:18,120 --> 00:44:20,680 people, the original ETH people in particular, like a lot of 826 00:44:20,680 --> 00:44:22,600 this is some of their goals, right? 827 00:44:22,600 --> 00:44:28,120 It's to create new forms of, of governance and social structures 828 00:44:28,120 --> 00:44:30,800 as well as a new form of, of economics. 829 00:44:31,520 --> 00:44:34,560 I think the, the idea of building ETH was very much to be 830 00:44:34,560 --> 00:44:39,240 one of the building blocks of a new way of how society interacts 831 00:44:39,240 --> 00:44:43,840 with each other with things like smart contracts, like identity. 832 00:44:45,360 --> 00:44:49,480 Yeah, the idea of, yeah, like your own currency as well. 833 00:44:49,800 --> 00:44:53,920 So they can have a go at it. These are some pretty serious 834 00:44:53,920 --> 00:44:56,560 people, right? Very, very serious people. 835 00:44:56,920 --> 00:45:01,400 So maybe we'll have a go at it. Some serious people plugged in 836 00:45:01,680 --> 00:45:04,640 applaud the vision. I think it's a difficult one, 837 00:45:04,640 --> 00:45:08,680 certainly in practice to pull off, to be recognized as a 838 00:45:08,680 --> 00:45:11,440 state. Well, like the the growing 839 00:45:11,840 --> 00:45:16,480 political volatility around the globe, you know, will, you know, 840 00:45:16,880 --> 00:45:20,080 leaders want to perhaps put, put tariffs on any products they 841 00:45:20,080 --> 00:45:23,720 develop, how they keep themselves protected. 842 00:45:24,480 --> 00:45:27,640 I think there's a lot of open, open questions around that for 843 00:45:27,640 --> 00:45:28,920 me. But hey, I think a lot of folks 844 00:45:28,920 --> 00:45:32,200 are probably questioning to to your point that the concept of 845 00:45:32,200 --> 00:45:35,440 Bitcoin when it started 10 years ago and certainly it's got more 846 00:45:35,440 --> 00:45:37,280 legs. So we will see. 847 00:45:37,280 --> 00:45:40,440 This is a multi year, multi year, perhaps multi decade 848 00:45:40,520 --> 00:45:44,120 project in the in the make here. I don't think we're going to see 849 00:45:44,120 --> 00:45:48,760 a whole lot of progress in in the Super near term, but but a 850 00:45:48,760 --> 00:45:51,600 fun story to to watch nonetheless. 851 00:45:52,080 --> 00:45:54,640 Well, well, Sims and and burn. I think we've gone around the 852 00:45:54,640 --> 00:45:59,080 horn now on all the stories I wanted to cover here in today's.