No, yo-yo, what up? What up?
Good morning, Good morning. GMGI don't have my little music
on GMGM Friday, Friday, Friday, then April 12th, 2020.
Oh yeah, there you go. There you go.
Chad. That is getting used to it.
I think it's his first day producing The Sims Boy is not
here today. But you know, and the hang of
it, he cooked, he cooked, prepared everything perfectly.
I got my coats in the house. OV how you doing today?
Good man. How you doing?
I'm much better than yesterday. That's I tell you.
But yesterday the sun is shining bro.
I saw your post about London. I was like same thing in Paris.
I mean it is summer in Paris right now, like 25°C.
Whatever it is in Fahrenheit, 25 seats F 7780°F Sunny bro.
Sunny. I just want a 2 hour walk, nice
walks. I did the Jardin de Tuilerie
back and forth. Then I went to have a little
pound chocolate and to little to the Madeline like cafe, you
know, You know how I like to turn full French.
When I'm here though, I'm wearing a Germany World Cup
T-shirt. I got a lot.
That's when people were looking at me weird in the street, like
wearing champion DuMont, Germany with all their stars 1994.
I wonder. That's why people were so rude
to me. Because they're French.
I don't know. Both.
I can say that I'm French, but the sun is shining.
It is Friday. Last show of the week.
This week has felt like a fucking month.
Our boy Mando is still not here. We missed Doug.
Jesus. But he's moving.
He's moving homes right now. So he's been.
He's been quite busy, but I'm pretty sure he'll be back from
Monday where I'll be hosting from the Emirates.
From the Emirates Anyways, today on the show.
Oh, what are you drinking today? I feel like you always have a
new exotic drink. It's like a vitamin drink.
It's not wrecked drinks, dude, What are you doing?
Yeah, I know.
It's not a wreck drink. Come on, man.
Save them for people. I like that.
OK, fine. That's fair.
That's fair.
Nice little energy drink. What up, What up?
All right, y'all. You know what to do.
It's Friday. It's loot box day.
Your boy has to has to do the loot box.
I'll prepare him during the show.
Two people are going to be picked for $5000 pin.
So two chances of winning a $5000 pin.
I mean, we've given away like $200,000 so far on the show over
the last couple of months thanks to Robit and today's show.
Today, today, what are we gonna talk about?
We're going to talk about daily market, Azure, crypto macro,
Bitcoin, back above 70, I think. Well, not anymore.
Shit. Fuck.
As the show started, I think we were nearly $71,000 when I woke
up here in France. So market was pumping and the
market is wow, we're racing at 0 now.
Damn it. Damn it, damn it.
Bitcoin is only at last cycles all time high shit.
Actually, I want to talk to you about this because the timeline
feels so bearish, like what's going on?
Like I'm gone for a week and everybody's fucking bearish.
What? I mean, not us, that's for sure.
I mean that time my group chats, the homies are all bullish as
fuck. So the timeline bullish.
You know, Bitcoin in narrow range.
I mean, dude, I'm telling you, the lions, the lions, the
astrologists. So far so good.
My favorite astrologist on the timeline.
This is this bullish Pennant there.
It's looking good. It's looking at because
completely break out next week as the halving is around.
So we'll see ETH accumulation by stable Conwayans is increasing
new ETH IPEIP sorry to reduce number of signing transactions.
Full activity rebounds. Actually, OV last night I
Where's OV? What?
Nope. His Chrome browser crashed.
I'm like, I'm like talking to myself here and I'm like, holy
shit, Obi's not here. Oh, he's back.
Obi's so funny. I was in a different browser and
I opened it. So I was like, wait, what the
fuck is Obi? Yeah my my Chrome crashed by me.
It happens to me. By the way, I don't know about
you, but the new computers that we all got, my Chrome, my
WhatsApp and my imessages tend to crash a lot.
I don't know why. Yeah, I just have random things
crashing right now. Like my Internet crashed earlier
today. I think Chrome is just quite
shit, but I like the only thing I like about Chrome is like
being able to use different like accounts.
And yeah, exactly like I have my work one and personal one and
all that kind of stuff, but. It's like when Mando left his
Chrome account open on my computer and I realized a week
later that I was locked into his Twitter I was going to post a
troll. Like something funny He didn't
because I feel like something Mando would hate.
I I consulted with Obi. I was like, Obi.
Is that the type of thing that Mando would be really pissed
about? He's like, yeah, I was like, OK,
let's just not go there. He did Mando minutes from my
computer in Davos and then he laughed it open and shit.
I didn't do anything. I closed it.
But you know, I definitely thought about doing something.
Anyways, to read about this Obi, I was saying last night, I was
at the founder of President Ledger Pascal Gautier.
He owns a bar in the second. I want this small or around the
market. So I went there and it was a
bunch of cool people like hey Rodgers, Errol Wengraph, the
Ledger crew, Naveen from Tari. You know the fam, right?
And I as I'm waiting for my Uber, I heard these people
talking about whiff and onsome. I'm like, oh wait, if the hat
stays on, the hat stays on blah blah oh shit, OV's lagged.
Or unless it's me I think OV shit crashed again.
Anyways, I'm going to keep telling my story because I guess
it pertains to everybody on the space.
And then as I'm, I'm hearing my wiff like, whiff the hat stays
on, like, hey, and I was like, what's up?
I'm Furoko. The guy goes, I'm a Solana
Foundation. I'm like, what's your name?
He goes Austin. I'm like, shit, you're Austin
Federa. And so who was Austin Federa,
the head of strategy at Solana, talking about whiff in the
streets of Paris? I thought I was gangster.
And so I asked him, I said, and I was like, we Austin, can I ask
you something? It was yes.
I go, when the fuck is the network going to work again?
I had to, you know, I was like listen like 80 or 90% of My
Portfolio now is like it's a lot and it's ecosystem.
I was like, listen, I'm building on Ethereum, but I was a lot of
guy when it comes to my money and and he said that the there's
the patch come in and he was, he said it with confidence and I
like that about my founders. You know, he said it with
confidence. So I think we'll be good of it.
I think we'll be good and we'll talk about this because Mando
sent some very interesting stats in the chat about Solana.
I know you've been talking about that a lot as well.
And then on to on to the next one.
I mean all memes and dreams. I mean I'm sorry.
Y'all I'm going to talk about runes again.
I'm sorry but I'm not sorry. I'm going to bust your ears
again about runes. Because every day I check price,
good price. And I'm think we're almost, I
think we've almost defeated the non monkeys.
Where are we at? Oh no.
Every time we get close we get further.
God damn it, fucking Bitcoin whales.
We'll talk about runes. We'll talk about ordinals.
We'll talk. We'll talk about all that good
stuff with y'all and NFTS this and that.
Coinbase listed Pepe futures What finally about time type you
know Coinbase complete 180 from from writing that it was not a
good coin to being I guess trading futures on there so
shout out to them for that and then I don't know there's a lot
of fun around block you have packed finance liquidates 26
miles of changing the rules So whatever the fuck is going on
there I heard it was Paris based guys that already fucked up once
on east another X copy sale Geez grass $1,000,000 Spencer
adventures. Her boy had an announcement
yesterday I'd love to see it good friend and and of course
you know today's guest is Fairside is gonna be joining us.
You've heard of Fairside why Because they are title sponsor
of the show so Fairside network the folks that are gonna be
joining us for guest segment at the end wallet coverage for
trains scams and more So excited to actually ask them more about
what's going on so you guys can hear and then of course this
show is also powered by film that IO the world's most
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So remember to retweet the tortoise space and spin at the
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Without further ado, let's get right into it.
Daily Market report brought to you by Rug radio.
What's the word? Yes, it's not really a great day
to be honest with. You like stocks to lower.
Again, I think we're down one 1 1/2% in the S&P 500 and the
NASDAQ rates are off their highs, but they're still
obviously very elevated in the context of this year.
They're still at the height of the year pretty much.
So tradfire's not looking really that great.
I think we will have, I think we have the FOMC next week.
If I'm not wrong, I guess FOMC of the year.
Oh no, no no. April 30th to May 1st.
So we've got a while until the FOMC.
So curious to see what happens in the for the next couple of
weeks as it's a while until we next hear from the Fed crypto
price action is not really great.
I mean we were above 70 K for a while.
We're now back down to 69.5 K What I would say is it does feel
like it's Bitcoin that is outperforming everything else.
Bitcoin dominance is almost all the way up to 55%.
So we're almost back to the highest there and alts really do
feel like they're leaking low all the alts across my screen
and just feel like they're a bit down only here.
So definitely not a great day for price action in crypto and
especially alts, Bitcoin ETF flows.
I think we had a positive ETF inflow day yesterday, but like I
said, right now we're kind of scaling up plus 100 -, 100
million in terms of flows. There hasn't really been a
consistent stream of inflows or outflows.
So we we're not really moving with great sensitivity to ETF
flows at the moment. So I just think we're in this
period of like fucking chopping around and crabbing for a bit.
Funding is still very low, funding is not high.
So it's not really like people are getting liquidated on on
levered longs here. I just think it's, it got to
that point where we probably had a retail influx of people who
entered this market, you know at some point in in March and
people probably went you know balls deep on alts because we're
all waiting for the alt season and that's where we're going to
get like the big multipliers from.
And now maybe people, some people have thrown the towel and
I don't really know, but also across the border just very,
very weak at the moment. So I just think I think it's
probably a good buying opportunity on alts.
Like I'm still really bullish for the rest of the year.
I'm not really fazed by the price action that we've been
seeing in the last few days and weeks because you just get you
do you do get these periods of consolidation and it's not
always going to be up only and it feels like we're in a period
of consolidation for not only crypto but also traditional
markets as well. So yeah we're going to be I
think we're going to be like range round here for a bit.
I do think with this big alt sell off it's a good opportunity
to get into some things if you that you like maybe if anything
if there's anything you've had your eye on in the old world and
you're like damn, if if that got back there I'd buy it and it
probably is back there now. And question is like do you
still want to buy it or not do you have the guts to buy it.
So I think it's a good spot to like buy stuff in spot and then
wait and see. But you know it just kind of
reminds me a little bit of like 2021 or even like 2020 when you
had this big great big valley and then things sold off and
just consolidated for a while and then we just moved higher
again. So I just think you what you do
what I would say regard with regard to positioning is
especially if you're like big and meme coins and a large part
of your portfolio is in meme coins.
Many meme coins will die they'll they'll obviously many meme
coins will obviously die after the cycle.
But many meme coins will die in between now and when the market
starts to rally again. And you really want to make sure
that whatever meme coins you own that they have a strong enough
community to actually survive through whatever we've got now.
And that's a very important thing because the worst thing
you can do really is belong a meme coin that dies in between
now and when the market next rallies And then that meme coin
doesn't really move while the rest of the market pumps and
you're just like fuck like I've I've really like I've really
lost money then. And if you if you're not really
sure that I think it's better to stay in majors or maybe some
alts where you have some confidence that they're going to
bounce back. And there's plenty of different
bases you can have for Solana for ETH etcetera etcetera.
But yeah, I would be wary on memes that maybe have already
died but you just don't know it yet.
Yeah, that's that's true. I mean you end up bag holding,
bag holding, bag holding and everything rips and it goes to
zero. I mean, I've seen that also with
NFTS, right? Not just meme coins, but plenty
of times where like you know, market goes up.
And then if like it's happening right now in the ETH NFT
ecosystem, like the whole market ran for the last, what are we?
We have six months of up. Only now are we.
Yeah, Yeah, we really have. We've had six months.
I mean it hasn't been just up only like we've had some
consolidation and stuff, but it has been, you know, the longer
term trend over the last six months has been up and I do
believe the longer term trend over the next six months will
also be up as well. But you just have to, yeah, you
just got to send to it, I think. Wow, I was looking at
everything. I mean, look, it's looks like
there was quite a little dip on Bitcoin, but whatever, it's like
literally back to 469.4. It looks like Solana and Whiff
obviously grinded a little lower here with Solana at 166.
Now damn, if I look at this, I've not tried this.
But this, it looks doesn't look that nice.
We just need a fix. We just need a fix.
Austin, I told Austin, I said, yo, stop fitting the show, man.
Come on the show, he said. OK, I'll come on the show.
So we just waiting for Solana 1.18.
WIF is back all the way down over to 3.1.
Yeah, down. Look at that dip.
We went down to 2.293. I think there was just a big red
candle across. Everything.
Yeah, everything really. Yeah.
Like sold back down to 166. Yeah.
Bitcoin 4 hour on Bitcoin's fat red candle, right?
Right there. I mean, yeah, it's big red
candle. But when you look at this,
you're like, OK, like, this is whatever.
My favorite astrologist on Twitter keep talking about OV.
So I drew the This is not me. I'm not smart like that.
But I just put the same lines as my favorite astrologist on
Twitter, and that's what they got going on for me.
So when you think about it, you're still there.
You're still there, still there. Hey, it is Shabbat after all.
Later today. So you know, you know, I like my
Shabbat camps. You know it usually even Friday
daytime and then Friday, you know Saturday morning in
Beijing. You know what I mean?
Like, yeah, we're gonna brought back into it, you know.
Usually it's a nice place to buy.
I bought, actually I bought more soul this morning over, you
know, a little higher than this. But I don't care.
I just keep on adding soul. I like it.
I saw one ETH was 20 soul. I was like, OK, fuck, I'm just
buying another 25 ETH soul. You know, I just like the
number. It made sense. 25 ETH equals 500
soul. Sure.
I mean, fuck it. Why not, right?
So that was my trade of the day. I even asked Ovi said should I
leverage like, eh, Feroke, Maybe he shouldn't leverage.
I was like, you know what? Maybe he's right, so I'll just
buy more soul. So that's what I ended up doing
instead of leveraging it. And I thought it was good call
anyways. Also on the market.
I mean, dude, look, we were talking about Pepe on this show
every single day. Back then people thought we were
crazy friends, not friends, thinking this shit's going to
zero, never going to recover. Here we are almost 10X higher
than when we used to always scream about it.
And it's I went to 3 something Bill wouldn't be surprised if it
re flipped whiff if whiff is down like that, but it's got
dude perps on Coinbase. I mean Ovi, does that mean that
naturally the next thing is spotless?
Is that how it works? It could be, yeah.
I mean, we have less data on Coinbase than we have had for
other exchanges. You know for Binance if we look
at Doge and we look at and with they they listed perps first and
then they listed spot. Now Coinbase actually did this
Bonk I believe and so I'm curious to see if they listed
Bonk perps before they listed bump spot.
I think that would be a listed. Bonk.
I think it was one of those weird things like.
That would that would be a good that would be a good data point.
I think they, I think you're right.
I think they just went straight to spot.
But yeah, like look the probability of Coinbase making a
a spot listing on Pepe is now a lot higher than where it was
prior to this, this perp listing.
And one of the things I think they will assess is that hey,
you know how much volume actually goes through on it and
how much will trade And I think a lot will trade like you know a
ton of Pepe perps trade on Binance, a lot really trades on
Binance. So yeah, it would be good to.
It would be good to. To see what happens next.
Does hey not to pump my bags or yours, but is that bullish for
whiff getting a list day or not? Is that is, is there?
I think it's unrelated and you can tell me I'm wrong with it.
From from what I understand, Coinbase are really trying to
push their trading product more than you know that people just
don't really use Coinbase to trade that much.
They literally have a new Twitter account called Coinbase
Traders. Yeah, I saw that.
Yeah, which they made in in December.
But it's a brand new account and they actually like, you know, we
had, I went to a Coinbase event in London a few weeks ago.
I met some interesting people there and they're just like
reaching out to like big traders and stuff and trying to get
people to to use our platform a lot more.
And so I think the feedback from that dinner was like, look,
we're all, we're all here trading meme coins and we're all
trading on chain because you know, that's where that's where
we can actually trade these coins.
And Coinbase doesn't have any of these things listed.
So I'm sure that feedback's been rolled up and and maybe that's
one of the things that's kind of results in them listing Pepe
perps because it's still I think one of the biggest music was by
volume. And so I'm curious if they're
going to, I think it is bullish for WIF because I think WIF is
you know the next largest as well.
So I'm curious to see if they also add that, add that to the
thing as well. And I've got a feeling they
will. I really, I really have got a
feeling they will. It's hard if you're This is like
them saying, hey, we're taking a step into this world because we
want to get more people on our platform, he.
Tweeted that out right? The guy that runs Coinbase
traders is a punk, right? He tweeted out.
Like you asked for it. You got it.
It's not a punk. But they everyone at Coinbase
for some reason has these like honorary like weird looking
punks. I'm not trying to hate you.
I like you guys. I like everyone.
Shout out to all the exchange folks because we need y'all.
But I'm just saying and exactly like you asked for it and you
got it or something. Who?
Who is who is that?
Who is it that tweeted it? The London guy.
What's his name again? Yeah, this is the guy that I'm
this is the guy that I met the other day, but.
Yeah, the guy you're talking about, what's his?
Name Osman Naim. Yes Osman Naim, yes, yes Osman
Naim, he tweeted out Like you asked for it.
Here you go. Or something like that.
You ask me this and bring it on, yeah.
There, there you go. There you go.
So, and that's what the people want.
The people want to trade memes, bro.
You know, like I have to say, I was on a panel at the Ritz
yesterday morning and it was a very like very corporate type of
event like super Corp, like B2B as fuck.
OK, like definitely not the type of place that you'd see me speak
at. Usually there was a slide on
meme coins, you know what I mean?
And in the room you have LVMH, you have the biggest companies
in France, fans like it's a room like 50 people and everyone's a
Chad, right. And slide on meme coins, you
know, it's like the the only thing people are talk.
And I swear I keep saying this, right, every event I go to new
and I go to a lot of events. So it's all either ordinals or
meme coins that people are talking about.
It's the only interesting things people care about, so.
I mean I would if Coinbase had a a bunch of meme coins like I
would use it. Like I would use it to trade
between sport and Fiat. I would use it for interesting,
Yeah. I'd trade the perks and stuff
like I would use it and. The whales want it, yeah.
I mean they. They know that.
They definitely know that I would definitely use it more
than I do now, and it's just they haven't had that stuff
available. Like love that you know we're
not here like most people are trading meme coins because
they're just weigh much more return and volatility in them
and yeah we do have alts but like they're just like we all
know if you're you know there's your EV is like much higher just
trading meme coins spot meme coins than it is like 11 alts
so. I mean that's I think I can get
crucified for saying this or not.
But I think meme coins are just cycles Alts like, you know it's
a lot of what are what do they do like I don't know.
You tell me. But you know aside from the
usual stuff like, you know the arbitrums in this world love you
know, and and a lot of L twos and whatnot, a lot of really
cool things going on. Speaking of alts, I mean there's
a tweet about, you know, who was talking about Ondo a lot Mando
on the show. I remember he was like Mando
Ondo's Abhai BlackRock sent $250 million to Ondo Finance.
So BlackRock is active on chain man.
I Larry Fink is an on chain Chad and you're bearish anal any
bearish Larry Fink is moving 1/4 billion dollars on chain you
know bearish. What am I reading on the
timeline today OV that's why I I so let's talk about this for a
minute. I I I quote tweeted your tweet
'cause I thought tweet of the week tweet of the week goes to
OSF you know you said something you said Max Payne is going to
be selling our bags early out of boredom and frustration only for
everything to go to. Then go on a monumental rally
this summer to which I added, don't sell and mate and go away,
but go away and leave your keys at home.
Don't look at anything. Trust the conviction bets.
Fuck off and enjoy the summer. And that's how I feel.
I have a lot of conviction, but I don't want to trade this
summer, man, like we've taken too many trades already in Q1
and in Q4. Actually last year was crazy,
but what do you what does Someone Like You that has been
really successful trading this industry so far in the last two
years? Think about that, Hovey.
You know, like, yeah, we we're in a good position now.
What would you tell the people listening to this?
I think you just have to make sure that what you own, you have
real conviction on. You know, like you like the
market will. I really strongly believe the
market will rally from here in the next six months.
If you just own Bitcoin, bitcoin's going to be higher,
right? But if you own like some random
esoteric mean or some random OL that that may not be higher
because not everything, everything goes up.
So I just think that now's now's the point in time where you
really should like look through your entire risk, your entire
portfolio, and make sure that the majority of it is in
something that will definitely go up if Bitcoin goes up.
And I think there are probably some people out there who's you
may have your entire portfolio in like 1 random meme coin
that's at like AI don't know, like $50 million market cap and
that might may just like never move if Bitcoin goes higher,
right. So you know, I think just like
just look through and just try and have something even like
something something like Solana Man.
Like I I still think Seoul could be like a 5X trade this cycle.
Like there's still a lot of upside in these things if you're
just patient. And I'm not saying like sell
your meme coins. I'm definitely not saying that
because I do think Seoul meme coins will have another, you
know, crazy run as well, probably sooner rather than
later. But I just think you want to
like look through every single position.
But like do I really think and believe in this, do I not, and
try and construct it So it's like 75% conviction, 25%
gambling or things that you know, you're you're not sure of
or you're just like this could be 100 X, but like, it also
could be a zero. Like you want to make sure
that's in a minority part of your portfolio, I think.
And then take it from there and just be quick.
You know have liquidity like you know you make your options to
like make your opportunities to buy dips.
You make it new things that will come up like you want to make
sure you're liquid in order to be able to like get that stuff,
which is the main reason why I really haven't gotten deep into
NFTS this year or ordinals or anything like that.
Like I want to be able to act quickly and have liquidity quick
if something comes up. And I think the NFT trade is
going to be a later part of the cycle for me personally because
I still think there's similar returns you can get in and
memes. So but yeah I just think it
reminds me of it does run in 2021 like I said earlier like
spring 2021 everything put and lots of people just left and
then in the summer we just went on this like crazy crazy rally
and so many people were just like fuck, I sold everything and
I'm not participating in this rally and I've I've missed out
on the whole thing and I almost like sold everything I left but
I didn't because I quit my job at the time and I had spare time
and I got stuck into it and that obviously was made a big
difference for me. So I just think we're going to
chop around and consolidate for a bit, but we're going to have
this time when we start rallying meaningfully again and you just
don't want to miss out on that. I think I think you don't want
to miss out on that. But just you have to really like
make sure you're all good in terms of like being able to hold
your your position as you're not overextended, it's not affecting
you too much emotionally or psych psychologically and all
that kind of stuff. It might make sense for some
people to reduce a little bit here and be able to bid dips.
Maybe it doesn't like, I don't really know, but everyone has
their own individual situation. But I do think you want some
skin in the game and I think that now's the time you got to
be patient. I think last time you got to be
patient has some skin in the game because I do think we'll go
on another run. And where you make the most
money really is in that last 20% of the cycle of the value when
alts go crazy, you know like. A small window.
Yeah, yeah. I mean, I was talking about that
with locks earlier, just walking around and I'm like, dude,
Bitcoin's lady just hanging out last cycle's high.
Ethan's still turning $3400. Hasn't even come close to
hitting last last cycle's high yet.
You know what I mean? Like Solana, yeah, sure, in
market cap broke its high, but it's trading 165 bucks And
Speaking of which, you know that was the statistics I wanted to
share earlier. I think it's hitting records
every single day in terms of like usage with significant
upgrades in network, incoming activity on Solana has reached
new yearly highs handling over 37 million transactions in one
day. This represents an increase of
over 85% from last week and is also the most activity the
network has experienced in September 2022.
And you're bearish ain't on. I don't care if you're a Solana
guy or Eve got a Bitcoin guy or for Avalanche guy or whatever
guy or girl for the matter, dude.
Like every this is like this is it.
You know this we're we're there. We're almost like we talked
about these moments every single day on this damn show during the
bear market. Y'all want to give up now?
Feel like every people need a pep talk over here, you know
what I mean? Like we were all talking about
how Bitcoin's going to be 100K200K300K whatever in 2022
and that that we're cute too. It just started 2024 and MF
first wanted to tell me that it's over.
Come on, y'all, come on, y'all. Have some conviction.
It's. Not over, but I do think, you
know, I do think so much so I do.
I do think some you have to remember.
I think some people are kind of like late into the game.
Of course. You know, they've only maybe
just entered crypto in the last month or so.
So for them, you know, I see Anson tweeting quite a lot about
like, you know, you guys are all, we had a a crazy ride for
the last six months and you guys were all upset.
And I just think like the people who are upset more vocal than
the people who aren't upset who are just chilling and other
people who are upset you may have gotten into crypto at later
time. And yeah, even if you didn't get
into crypto at later, you may be someone who's held Bitcoin a
wreath for a long time and didn't think to rotate to to
Solana until a month ago. I didn't think to try your hand
at Mean Coins until a month ago or alts until a month ago.
So I think, you know, unfortunately some people only
really got up the risk curve in the last few weeks and and now
feeling the pain because they're not.
Some people out there have made a shit load of money right?
This already. Some people have a shit load of
money and some people haven't, and the guys you haven't are
just like, fuck, like I sold my Bitcoin to buy this thing and
now I'm down South. Yeah, I mean, look, things could
be worse. You could be no monkey holder.
Speaking of which, I'm just kidding.
I'm saying this cause facts is in the room and I fuck with
facts. But he doesn't like the fact
that we've been taunting them the whole time.
He doesn't like the Bitcoin puppet holders.
So I I gotta mess with my boy here.
I gotta mess with my boy here. So Speaking of which, and then
we'll go to the fair side network, folks.
I see the boys in the studio here.
Oh nice, Bitcoin is 69420. What an iconic meme price.
But you know, Speaking of Speaking of that, I mean, man,
rune Pops OV 600% on the weak. That's what they're up right now
at .15 BTC. You got the Bitcoin puppets that
are at .46, I believe, with node monkeys at .49.
So the race, the race is getting tighter.
The race is getting tighter. You have rune stones at almost
.1 Bitcoin, what else? I mean, shit at .47, my God, you
have rune notes. I think that's going to be a
cook. For what it's worth, don't sleep
on rune notes because you know they tie the nude monkeys, blah
blah blah. A lot of people are in the money
right now as well. So I do think, like, you know, I
was bullish on rune pops and I won't know rune notes, so this
is a no begger. I do think this is something
y'all should pay attention to because similar narrative
perhaps, And at the end of the day, no monkeys are going to do
really well. I was actually thinking of
perhaps adding one at these at these prices because I think it
could be a cook. It's not like no monkeys are
going to disappear tomorrow. So I would pay attention to
what's going on here. We're Oh my God.
OK. It's .47 to .48.
We're almost there. Come on puppets.
Let's go.
You have the quantum cats at .35.
So look it's really all on on Bitcoin again as I think Ethan
NF TS grinding even a little lower today.
It's just like and you see a lot of people man OV on the timeline
start to capitulate when it comes to when it comes.
We did see the big alien sale. They wrote about it.
We did see the autoglyph sale 15 mil.
We saw the top end like X copies, another $1,000,000 X
copy selfie. That's crazy.
Raoul Pal's buying all X copies. He's going to own half the X
copies. It's that's that and then and
then you have that's it. But on ethic, it's really just
middle 80s. It's just me ladies that are
running. The rest of the market is not
looking too good. Port is now lower than 12 ETH
Lasso Jet is up because it's the same artist as their rune pops.
Rune puppets. Sorry big sorry Bitcoin puppets.
So that's his ETH collection. That's why that one's up
significantly on here. But that's a money man.
Again, the stuff that's running is what me ladies associated to
mean coins and then lasso jet associated to ordinals.
You know what I mean? So that's what's really running.
So again, there it is there. Sick punk sale.
By the way. This one's sick.
This top hat, super, super sick. And then on Solana, I'm assuming
we're a little bit lower here as well.
I mean, look, we're some green on the board.
Oh wow, nice bounce on the Matlands, actually.
And on Tensori and Madlands Backup of 140.
So and and 20% bump on the Tensorians.
Love to see that. Of course.
Boogles, of course. Boogles like OG, OG.
Like I wish I had a boogle, but that is so expensive, so that's
that. On the Solana side of things, I
think that this is a good round up when it comes to the market
and and and to all of that. I do have to give a quick shout
out to a traditional media that seems to be doing things right.
Fortune wrote an article defending Uniswap.
I like that. I like that.
You know, usually they piling on us, they attack us and they try
to tear us down when we're down. Bad.
But you know what? Let's go, let's go, You know,
let's go. Coinbase So cracking.
Let's go. All the folks that are fighting
the SEC, we'll be supporting all every day on the show.
You know, 'cause that's what's up.
Anyways, what do we get into our guest of today's show?
And don't forget everyone. Once we're done with Brandon and
Chris, we're gonna do robot spins.
So make sure that you're tweeting the Twitter space.
I see there's over 1000 people on the stream on video, over 300
people on Twitter spaces. Well, that's not enough.
We want more. It's we're greedy like that.
So give us a little retweet at the top, spin the Twitter spaces
and and we'll pick two people in about 10-15 minutes and then
make sure that y'all win some money.
All right. Well, fair side, every day I say
fairs, maybe they open the show and I go this show was presented
by First side network, make sure you check out first Side
network. Brandon, Chris, good morning.
How you guys doing today? Thank you for partnering with
us. Yeah, of course, man.
What's up guys? Where's Haley?
Excited to be here. Yeah, very happy to be here.
Where are you guys based out of? So I'm based in Michigan and
some of the other teams based the East Coast and then the devs
are decentralized all over the place the globe.
Yeah, I'm based in New York City.
So we have where our our office is right there at Rockefeller
Center. Oh, nice.
Yeah, East Coast is the best coast you already know.
You already know. I'm a Montrealer myself.
I mean, I'm in France right now, but, you know, and OV loves New
York. So, you know, I think what you
say is the only place you live besides London, right?
It's a it's a nice place in Chicago.
It's a nice fire. Oh, no, that's Illinois.
My bad. But anyways, shout out to the
East Coast, Chris Brandon. I mean, let's get right into
fair side because you know, we talk about meme coins.
We talk about trades. We talk about the degenerate
side of the spectrum very much on this show.
But what's very important is security, right.
And you know, I mentioned that was with the leisure crew
yesterday and look, it's super important, right?
Well, I mean OV is like the security Maxi.
This man runs a fortress when it comes to his shit.
He's he's I've never heard of someone that's like that even
more than you rightfully so. I mean, not in a good way.
So Brandon, I'm gonna go to you first.
Why don't you talk to us a little more about your
background and also like what's fair side is right, 'cause we I
mention every day and at this stage I think that people really
want to know what it is. Yeah, of course, backgrounds in
the traditional insurance sector.
So 2010 I started an insurance firm with a very close friend
and we focused most of our attention at the time on
commercial sales for large property schedules, cybercrime
and crime bonds. And then over time we developed
this very unique specialty in the insurance industry.
And so we started a separate division of the company that
focused on insurance risk services.
And so we provided insurance risk services for regional and a
specific regional insurance carrier and those services
ranged from rate making. So think of like providing
specific policy input to create the premium for on a policy by
policy basis, we focused on product development, design and
then go to market strategies and sale of that product.
And then the biggest part of what we did was we assisted in
the rate making for the underwriting side as well.
So we did specific underwriting around these large property
schedules and that led us to doing roughly $100 billion of
underwriting on an annual basis for property and casualty
insurance for for this carrier. Rewind, you know now six years
back and I find in crypto and over just a short bit of time
became very like almost fanatical but had such a high
conviction that digital assets would be the global financial
future. But equally recognized that this
space had this lack of consumer protection and specifically
around insurance products in the space we're very underdeveloped
and some even I would say we're fundamentally flawed.
So we set out to build you know fair side as this like
financially sound and fundamentally sound insurance
system that at the same time we could create the same economic
and and social and economic benefits of traditional
insurance by basically the innovation is migrating all of
the core fundamental principles of traditional insurance on
chain. And so we can then match the
same capital efficiencies by keeping the same diversification
principles in place, the same mathematical probabilities that
the insurance industry operates on today.
And then use blockchain where it was really meant to be used in
this particular instance is to provide like that, you know,
efficiency in the, in the, oh jeez, operational costs, sorry,
efficiency and operational costs related to, you know, the
insurance systems. And then you can use the
transparency around the claims process.
You can create a better and smoother faster onboarding
process for users. And we looked at the wallets as
this core financial infrastructure for the crypto
sector. And so we needed to really
support the most amount of users if we were going to make the
biggest impact. And so think of you know fair
side as cybercrime coverage for your for web three wallet.
So you know phishing attacks, social engineering, malware, man
in the middle Trojan attacks, all these things that lead to
theft of your digital assets while in self custody.
And so we really look at this as like this paradigm shift from a
user being able to go from a place of financial uncertainty
to one of protection by using fair side the the sign up
process is extremely simple. Users get an annual membership
in order to cover their wallet assets for the year.
Now this type of product though, like we look at insurance and
say, hey, insurance needs to have experts building it in the
insurance sector, right? You need to have a specific
unique discipline. We also needed to look at the
claims side, right? And so we needed to look to
someone who had an expertise in the forensic side and in the
investigation side to really create the trustworthiness
inside the system because insurance systems, you show
value at the time you pay a claim right up until that point.
It's just a certain you know and so the claim we needed to find
someone in a in a company that had like the same expertise
equally to us on the insurance side, but on the investigative
and on the digital forensic side.
And that leads us of course, to Chris and and his team at Maxo.
Wow, OK, that is super cool. Listen, y'all, I know the DJ is
listening to our show. We're not used to this kind of
conversation, but ensuring your shit is important, OK?
You do it in the real world with your home, your car, your watch.
You know your expensive shit well, or even non expensive
stuff. I mean, it's just as important
with your Web 3 assets and your web 3 wallets, right?
I mean, Ovi's got a beautiful autoglyph on his wall.
Yes, behind him. I mean, it's an expensive JPEG.
It's a half $1,000,000 JPEG. Surely you want to get some sort
of theft protection on it once you get to a certain size,
right? Which then leads us to Naxo and
Chris. I mean, Chris, why don't you
give us a little background and we've pinned to the top.
For those of you who are curious to learn more, there's a first
side network sweater page. So make sure you follow them,
make sure you also like, just look into what they're doing if
you're interested. It's super important.
But also Naxo Labs. I mean, why is this important
when it comes to like the claims process, right, the significance
of a partnership And because you guys are the ones handling claim
processes and preventing this fraud.
And goddamn last NFT season, boys, there was so much fishing.
I mean there was a board ape getting stolen every day,
everyday and those were like like half $1,000,000 of pop and
you hate to see that, but how are you guys going to help
prevent things like that in that and make sure that people get
hopefully their money back? So yeah it's it's a growing
problem it's just getting worse and worse and we hope to to
tackle it. So at NAXO you know we're we do
crypto analysis and expert testimony and we've worked with
you know the regulators and and exchanges and investment firms
and individuals you know on regulatory compliance incident
response and and just implementing the best security
features possible you know but we've been in this game since
2011 go way back. So I was the case agent.
I was an FBI agent. I'll I'll put it out there right
now. I was.
No, no, no, get it. Hold on, hold on.
In case of an investigation by any federal entity or similar, I
do not have any involvement with this group or with the.
I do not know how I'm here former party.
I do not support any members by any actions of this group.
I'm safe now, right that I played this.
You're safe, yeah. Nothing can be held against you
now. OK, perfect.
Perfect. Nothing can be held against me.
OK, OK. So, Chris, sorry, I didn't mean
to cut. You.
No, that's all right. You're an ex FBI agent.
Now what? Yeah, so, so my team, we've been
in the crypto space since 2011. So you know we've been
investigating these things, helping people you know get
their their stolen crypto back. You know it started off in, you
know investigating criminal activity with it.
And you know we've kind of since we've left the government, you
know we we've really helped people and partnering with it
with Brandon and Andrew at Fairside is was a is a natural
connection because you know these guys are doing exactly
what we we want to do is help the victims, you know help
people of fighting and get that money back.
Yeah, no, that that's it. That's great.
I mean who better the next FBI agent to start a company like
that and help the people get their money back.
And it's true. I mean originally, I mean a lot
of people I know I got into crypto early on got into it
because they were buying acid online, right.
So or their weed or this or that or pizza for the matter.
But you know we all know the story of the Bitcoin pizza,
Bitcoin pizza guys. So that's actually that's
actually pretty cool I guess. I guess it, it is bullish that
Someone Like You started competing like that.
So that's kind of that's kind of what we definitely want.
Oh man, this is actually. I'm curious from your
perspective, what do you, what do you make of this space now,
like 10 years later? It's grown.
It's grown beyond what I expected.
So, I mean, so I I'll put it out there.
I was the case agent on Silk Road.
I mean I was, I was the guy who Ross and Ross Ulburn.
And so, you know, when that happened in in San Francisco,
yeah, I'm sure your audience is not so excited about that, but
but it just shows you the experience that we've had in
this whole thing. So what was that like?
That must have been a pretty. Mental.
Case. Destroyed.
You have 45 minutes to go into the whole story.
It's 5 minute interview on. You know what, That's great.
I mean, what was the experience like?
That's the TLDR like 2 minute version of that.
Yeah. No it was interesting the whole
going through and finding all the details and picking through
it And then we had at that point you know I rested Ross and we
sat down and talked and he he didn't want to talk too much but
he was a nice guy, very nice guy.
I enjoyed my time I spent with him and then we had to find out
figure out a process of being able to seize 177,000 Bitcoin.
So and then the FBI didn't quite know how to handle that so for a
few weeks I walked around with a thumb drive in my pocket with
177,000 bitcoins. So that that was terrifying but
but but thinking back at the time, you know I was young, so
naive to to just carry it around with me.
You're walking around with 175,000 Bitcoin in your pocket.
That's crazy shit. OK, listen, Brandon, you really
got you. Really.
I I guess you got the right part.
I guess you got the right partners.
I'm. I'm even more bullish on fair
side now. Yeah, Well, I mean the concept,
right, is that, you know, we we have to get an expert in this
space because this type of product can promote, you know,
more insurance fraud, right. Because we're still, we're still
doing this in a decentralized way allowing for users to sign
up quickly and somewhat anonymously.
So now we have to then say how do you then prevent fraud on the
system And nobody better than Chris and his team at Maxo to do
exactly that, to stop fraud from entering our system.
And in all insurance systems have an inherent amount of fraud
in them. We're not expecting that Chris's
team can cut down on, you know, every instance of fraud.
But 10% of all insurance claims have an element of fraud in
them. And if we can reduce that,
that's the whole concept, right of of of eating using like
advanced technologies and innovations is to improve upon
the system that exists. And and Chris's team does
exactly that for us. And I just there's nobody better
that you could choose to have as a part.
Of the team, yeah. Yeah, they're the perfect
partner in this scenario, right? Holy shit.
Just I hope you're not walking around with 150,000 Bitcoin in
your pocket. And you might.
I only have 100,000 Bitcoin in my pocket, so I I don't have the
150. Shit.
Oh my God. That's.
I have to say, that is one of the craziest things that's ever
happened to us in the show. And it's like the 600th episode.
That's so cool. And then the last but not least
and again like just a reminder, it's pinned at the top the
collaboration between the partnership between, you know
Naxo and and Fairside and and look like Brandon, I want to, I
want to start, I was on Brandon. Yes, Brandon, I want to go back
to you Brandon here, what's your road map to launch both of the
product and read something about a token on your website.
So what's up with that? Tell us more about the road map,
what's next, and also how people from rock radio can get
involved. Yeah, of course.
So you know, this is really like our big announcement.
We chose this platform because we believe in it so strongly as
just to get an organic grassroots approach to really
getting our word out there. So on the big news on the road
map is that in Q2, in June, we'll be launching the token and
the product so that users can get access to like a a global
coverage product for their web free wallet assets.
So that's coming really quickly in June and then there's a ton
of announcements that will be leading up to that, but very
exciting stuff and we're we're ready to crush it.
So really, I would just advise everyone to follow us on
Twitter, stay connected on Telegram as well, and then we'll
we'll keep bringing, you know, the Alpha here and and try to
keep dropping some some info here as well.
Hell yeah, awesome. Of course.
Of course, this fair Site Network is title sponsor for
FOMO Hour on Rogue Radio. Well, Chris Brandon, this is a
pleasure to have you all. I think we've, we have some
great clips actually from the show today and you guys, listen,
listen, good thing I'm in front. I'm not coming to the United
States. I don't get arrested by Chris
here, but. No, you're a great guy.
Never. I I keep my shit kosher Okay.
But listen, Brad and Chris, it's a pleasure to to have you guys
on the show today. Thank you for coming and
shedding light on security when it comes to crypto.
Listen, super, super separate, all jokes aside, all that stuff.
There's scams all the time. And we all follow Zach XBT, for
example, right? And he's always tweeting about a
new scam, a new draining link, a new phishing link.
I mean there's people acting as Rock radio and the crypt interns
and journalists sending people fake callenly attempts every
single day. Actually we we can't even deal
with it the company anymore. It's so bad.
It's like 200 people a day that get emails and messages and and
we can't control it. So you guys kind of are a
solution to a problem like. That that's exactly what we were
built to do. I mean if you want to see the
potential in Web 3, which we think that obviously Web Three
has the opportunity to include billions of participants
globally, you need the financial and and economic security that
insurance products and other security products can provide to
you so. 100%, All right. Well, Chris, Brandon, appreciate
you guys for coming. Have a wonderful.
Thank you. All right.
Well, oh, that was one of the
most surreal moments on the show.