1 00:00:00,440 --> 00:00:04,200 Yo-yo, yo, oh, my life's turned up. 2 00:00:04,440 --> 00:00:05,240 What up? What up? 3 00:00:05,800 --> 00:00:09,560 Good morning. Good morning, GMG. 4 00:00:12,320 --> 00:00:20,120 What day is it today? Oh, Tuesday, Tuesday, January 5 00:00:20,120 --> 00:00:24,160 30th, 2024. Look at that. 6 00:00:24,560 --> 00:00:28,320 Another beautiful day. To have a beautiful day. 7 00:00:28,720 --> 00:00:31,000 I got my Co host in the house. OSF Mando. 8 00:00:32,200 --> 00:00:35,160 How are you guys doing today? Good. 9 00:00:36,520 --> 00:00:38,160 Good vibing day in. Lisbon. 10 00:00:38,800 --> 00:00:40,480 Pardon me? Sunny day in Lisbon. 11 00:00:40,480 --> 00:00:44,880 Another beautiful day. You didn't post AP who showed 12 00:00:44,880 --> 00:00:47,920 the PNL screenshot? Oh Mandos. 13 00:00:47,920 --> 00:00:53,520 I know, dude. I know, I know, I know, I know 14 00:00:53,520 --> 00:00:54,880 dude. Mando flashed. 15 00:00:55,200 --> 00:00:56,840 For those of you who don't know, I'm not going to get into 16 00:00:56,840 --> 00:00:59,640 details, but Mando flashed AP and L and that's Solana Long 17 00:00:59,640 --> 00:01:01,880 that he put last week when we hit $80.00. 18 00:01:02,520 --> 00:01:04,920 I mean he literally said on the show he's like, I'm long here 19 00:01:05,360 --> 00:01:07,840 and he tweeted it too. So he shared the alpha with 20 00:01:07,840 --> 00:01:10,240 everybody. Don't even need to go on his 21 00:01:10,240 --> 00:01:14,880 friend tech anymore for that. It's out there on X and and he 22 00:01:14,880 --> 00:01:16,640 just P&L flashed on. The. 23 00:01:17,160 --> 00:01:18,680 No one valued it on front tech anyway. 24 00:01:19,400 --> 00:01:24,400 You you you sound hurt are. You are you still on front tech? 25 00:01:24,400 --> 00:01:25,720 I was. Definitely hurt by that. 26 00:01:26,800 --> 00:01:29,040 Are you still on front tech? No, no. 27 00:01:29,040 --> 00:01:31,840 OK, I I I am on forecaster as of last night. 28 00:01:31,840 --> 00:01:34,480 I actually have to go jam there. This morning I made a forest. 29 00:01:34,640 --> 00:01:37,040 Actually I also invited Dan Romero to come on the show in 30 00:01:37,360 --> 00:01:40,400 the next couple of weeks. She has a forecasters doing 31 00:01:40,400 --> 00:01:45,400 10,000 back to buy DAU. Pretty pretty good 10,000 active 32 00:01:45,400 --> 00:01:47,120 users per day. Doing well. 33 00:01:47,200 --> 00:01:49,320 Yeah, I think it's pretty used. To coins in it now, right? 34 00:01:49,320 --> 00:01:52,320 Like I saw that that was a like you can trade to sell meme 35 00:01:52,320 --> 00:01:53,880 coins. Dude, there's a lot of stuff 36 00:01:53,880 --> 00:01:55,840 going on I have to say because you have to down this app called 37 00:01:55,840 --> 00:02:00,240 Warp Cast and everything anyway shot the 5511 avid listener 38 00:02:00,600 --> 00:02:04,000 holder friend of ours. Just messages like yo, no one's 39 00:02:04,000 --> 00:02:05,800 got your username yet. Like you should do it before 40 00:02:05,800 --> 00:02:07,840 this pops. And so I did it last night. 41 00:02:08,080 --> 00:02:10,840 Thankfully no one had taken my username. 42 00:02:10,840 --> 00:02:13,720 Usually this is like something that gets sniped and then sold 43 00:02:13,720 --> 00:02:17,280 back to me at a premium. So I got that. 44 00:02:17,280 --> 00:02:20,280 Anyways, I'm on forecaster for those of you who are on there. 45 00:02:20,320 --> 00:02:21,720 I don't know, it's like really interesting. 46 00:02:21,720 --> 00:02:23,960 There's a lot of like founders on there and everything. 47 00:02:24,040 --> 00:02:26,560 It could be like sometimes get away from the noise on X. 48 00:02:26,840 --> 00:02:28,480 Not a bad idea, but I'm going to give it a shot. 49 00:02:28,480 --> 00:02:31,120 I know I said like other platforms I'm not sure about, 50 00:02:31,360 --> 00:02:33,920 but once they hit a certain amount of users it becomes worth 51 00:02:33,920 --> 00:02:36,520 your time to go and check out. So I'm really curious about 52 00:02:36,520 --> 00:02:38,520 Anyways, that's not a topic today, definitely not. 53 00:02:39,480 --> 00:02:41,880 And you know Dan, if you listen to this, you definitely should 54 00:02:41,880 --> 00:02:43,640 come on the show 1 day and we should interview you because 55 00:02:43,840 --> 00:02:46,280 really impressive founder actually she's a 10% team or 12 56 00:02:46,280 --> 00:02:47,440 something I read on this timeline. 57 00:02:47,440 --> 00:02:49,480 So some really good stuff going on there. 58 00:02:49,480 --> 00:02:51,840 And you're right, a lot of trading, a lot of different 59 00:02:51,840 --> 00:02:55,800 channels. You can send points or tokens to 60 00:02:55,800 --> 00:02:58,520 people if you like their posts. The like button is not a like 61 00:02:58,520 --> 00:03:01,400 button, it's AGM button. I love that and there's a lot of 62 00:03:01,400 --> 00:03:05,280 cool little things on there. I I only spent an hour on it 63 00:03:05,280 --> 00:03:07,040 total so I'll learn more tomorrow. 64 00:03:07,040 --> 00:03:10,800 I'll I'll probably take you guys through my journey on Forecaster 65 00:03:11,160 --> 00:03:12,920 and see and see how this. But you should definitely go get 66 00:03:12,920 --> 00:03:15,760 your usernames lads that's you know just just to have that in 67 00:03:15,760 --> 00:03:18,240 case this thing is actually the one that that breaks out. 68 00:03:18,240 --> 00:03:23,280 Anyways today on the show today, today we got boys we got to 69 00:03:23,280 --> 00:03:24,880 talk. We need to talk. 70 00:03:25,200 --> 00:03:26,240 We need to talk. OK. 71 00:03:26,240 --> 00:03:28,320 We have to have a conversation about a few things. 72 00:03:29,640 --> 00:03:32,240 We don't have to go too deep, too crazy, but I definitely, I 73 00:03:32,240 --> 00:03:35,040 definitely want to hear you guys opinions on on a few things here 74 00:03:35,040 --> 00:03:38,240 this morning because you seem to have safe and sound opinions 75 00:03:38,480 --> 00:03:40,520 very often. Anyways, so there's the show 76 00:03:41,360 --> 00:03:43,440 today, today market report as usual. 77 00:03:43,440 --> 00:03:48,040 The crypto rallies into month end ETFs now own 3% of the total 78 00:03:48,040 --> 00:03:50,320 Bitcoin supply which is pretty crazy. 79 00:03:50,320 --> 00:03:51,640 I saw a tweet about this Mendo today. 80 00:03:51,640 --> 00:03:54,000 I saw Zach Vole of the Tapper Wizards tweet about that 81 00:03:54,040 --> 00:03:56,600 yesterday. So it's that's talk about supply 82 00:03:56,600 --> 00:03:58,440 crunch that could come in the come in years. 83 00:03:58,640 --> 00:04:01,520 It's really impressive. Of course again Jupiter is 84 00:04:01,520 --> 00:04:04,440 tomorrow very 2 minutes before the show started. 85 00:04:04,440 --> 00:04:06,640 We got more updates to be able to go and check your claim. 86 00:04:06,880 --> 00:04:08,880 How much you're you can claim and stuff OV. 87 00:04:08,880 --> 00:04:10,760 I'm assuming you're on the same boat as me. 88 00:04:11,080 --> 00:04:12,960 We've done 7 figure volume on Jupiter. 89 00:04:13,400 --> 00:04:15,880 I keep checking it. I keep checking it just in case, 90 00:04:15,880 --> 00:04:20,640 like and I'm just always like. I'm sorry, we're sorry, you have 91 00:04:20,640 --> 00:04:22,160 no, there's three more addresses. 92 00:04:22,480 --> 00:04:24,240 Off. Nothing to claim, but it's OK. 93 00:04:24,240 --> 00:04:26,800 We're still going to have Max bid Jupiter. 94 00:04:26,920 --> 00:04:29,000 We love you Meow. We just came in too late. 95 00:04:29,000 --> 00:04:31,840 I was using radium in 2021. Fucked up. 96 00:04:32,640 --> 00:04:34,520 So. So I should have used Jupiter. 97 00:04:34,520 --> 00:04:37,040 But it's OK We're going to participate in the next seasons, 98 00:04:37,040 --> 00:04:38,080 right? Right. 99 00:04:38,080 --> 00:04:41,360 Anyways, Jupiter is here. Raoul pal is like bull posting 100 00:04:41,360 --> 00:04:44,000 the shit out of Solana. So is Santi. 101 00:04:44,040 --> 00:04:45,800 Actually I I retweet some stuff and. 102 00:04:46,440 --> 00:04:47,720 Everyone, man. They're all. 103 00:04:48,360 --> 00:04:54,040 There between like us like going crazy awesome merv, Sorry merv, 104 00:04:54,040 --> 00:04:57,200 it's merv. And then you have like Santi 105 00:04:57,200 --> 00:05:02,520 Raul and Andrew Kang, like it's like and then you have even like 106 00:05:02,640 --> 00:05:04,920 case, right. Like it's like everybody's just 107 00:05:04,920 --> 00:05:07,240 like going hard at this. So it's really exciting. 108 00:05:07,240 --> 00:05:10,280 Honestly, I'm not going to lie. So that there's a lot going on 109 00:05:10,280 --> 00:05:12,400 there, but it's also not just like they're not just pump in 110 00:05:12,400 --> 00:05:14,160 the back to pump the back. There's some very interesting 111 00:05:14,160 --> 00:05:16,440 like use cases being shown and put out there. 112 00:05:16,440 --> 00:05:19,920 So let's talk about this for a minute here today, especially 113 00:05:19,920 --> 00:05:21,840 ahead of Dupree that is happening tomorrow. 114 00:05:21,880 --> 00:05:25,640 So it's a huge event for for the space here. 115 00:05:26,600 --> 00:05:28,800 And then you didn't cover it yesterday, but might as well 116 00:05:28,800 --> 00:05:30,640 cover it today. Let's talk about founders in the 117 00:05:30,640 --> 00:05:32,600 space a little bit. And then this was a conversation 118 00:05:32,600 --> 00:05:36,160 started with Grail dot ES you know going off on on on on the 119 00:05:36,160 --> 00:05:39,360 Valhalla founders, Alex Lynn, I know it was meant to be on the 120 00:05:39,360 --> 00:05:41,600 titles yesterday actually. So let's talk about it today. 121 00:05:42,080 --> 00:05:44,920 And then we also saw on the back of that Ding Ling that came 122 00:05:44,920 --> 00:05:48,320 after another project which he owned a you know, large part of 123 00:05:48,880 --> 00:05:51,320 in terms of assets. And I think he said he sold them 124 00:05:51,320 --> 00:05:53,760 all. And you know, in an act of like, 125 00:05:54,200 --> 00:05:55,800 I don't want to say it like this, like an act of rebellion, 126 00:05:55,800 --> 00:05:57,520 like to, you know, call out like the founders in the way. 127 00:05:57,760 --> 00:06:00,480 And so it seems like a lot of whales, I guess like large 128 00:06:00,480 --> 00:06:03,040 buyers are starting to speak up on on certain projects. 129 00:06:03,040 --> 00:06:07,040 So interesting to see. But Binance, also Binance 130 00:06:07,040 --> 00:06:08,960 flooding its own bags. I mean, Mando, I'm going to go 131 00:06:08,960 --> 00:06:13,960 to you for that once time comes. But Skyark, $125 million NFT 132 00:06:13,960 --> 00:06:16,600 men, Binance were a whole thread about it saying that, you know, 133 00:06:16,600 --> 00:06:19,520 seemingly that they're not too happy about that as well. 134 00:06:19,520 --> 00:06:21,960 So that's kind of on the back of the the the topic before this. 135 00:06:22,840 --> 00:06:26,560 And then last but not least, NFT roundup across all chains, the 136 00:06:26,560 --> 00:06:29,160 Bitcoin salon on east. You know, the Quantum Cats mint 137 00:06:29,160 --> 00:06:32,960 did not happen yesterday. I got to tell you guys, while 138 00:06:32,960 --> 00:06:36,120 doing work, I had the discord open on the side and it was so 139 00:06:36,120 --> 00:06:38,000 funny. I was talking to Udi last. 140 00:06:38,000 --> 00:06:39,160 I was like, did I feel bad for you? 141 00:06:39,160 --> 00:06:41,360 But thank you for the laughter. And he's like, were you hitting 142 00:06:41,360 --> 00:06:42,840 on me in a discount? I'm like, hell yeah, I was. 143 00:06:43,000 --> 00:06:45,640 It was hilarious, but it was just just a lot of, you know, 144 00:06:45,640 --> 00:06:48,240 memes and a lot of fun stuff. I know, but you guys, but my 145 00:06:48,240 --> 00:06:52,840 money's gone. So I I'm hoping Cat appears that 146 00:06:52,840 --> 00:06:56,120 was that was crazy. And again goes back to what we 147 00:06:56,120 --> 00:07:00,120 always say all three of us. Mint Day is the worst day when 148 00:07:00,120 --> 00:07:02,400 you're a founder. Like there's no worse day than 149 00:07:02,400 --> 00:07:04,760 Mint day, honestly. Because from there on it's just 150 00:07:04,760 --> 00:07:06,640 smooth sailing if you know what you're doing. 151 00:07:06,680 --> 00:07:08,680 But Mint day like it's just crazy. 152 00:07:09,360 --> 00:07:14,280 So that happened and obviously like you know, Magic Eden 153 00:07:14,280 --> 00:07:16,640 launched again, Magic Eden again, it's like we're not even 154 00:07:16,640 --> 00:07:18,120 trying. We don't have a partnership with 155 00:07:18,120 --> 00:07:19,480 them. They just make the headlines all 156 00:07:19,480 --> 00:07:21,640 the time. Magic Eden's multi chain wallet 157 00:07:21,640 --> 00:07:23,440 goes live to the public. So there's been a lot of codes 158 00:07:23,440 --> 00:07:25,600 being passed around for the last few weeks and months, but now 159 00:07:25,600 --> 00:07:28,800 it's live like cross chain their own wallet. 160 00:07:28,800 --> 00:07:30,080 So it's like really like the wallet's. 161 00:07:30,080 --> 00:07:31,960 Actually curious about what you guys think of the wallet biz 162 00:07:32,200 --> 00:07:34,840 because it seems like there's a lot of wallets out there now and 163 00:07:34,840 --> 00:07:38,160 so it's becoming a very competitive industry within the 164 00:07:38,160 --> 00:07:41,000 crypto currency ecosystem and everything. 165 00:07:41,000 --> 00:07:43,080 So it's interesting to see what that develops. 166 00:07:43,080 --> 00:07:46,480 So and that's usual, we are giving away $1000 per show. 167 00:07:46,920 --> 00:07:49,400 I got the money now so I'm going to be ready to to send it out. 168 00:07:49,520 --> 00:07:52,040 We had three winners previously, 344. 169 00:07:52,400 --> 00:07:54,960 I forget man, yes there was the I'm sorry yes or 4th winner. 170 00:07:54,960 --> 00:07:57,600 Today was the fifth one of $1000 so shout out to Robit for doing 171 00:07:57,600 --> 00:07:59,160 this with us. So all you have to do is follow 172 00:07:59,160 --> 00:08:02,480 FOMO, our FOMOHOUR on X, it's on the stage right now. 173 00:08:02,480 --> 00:08:06,120 I can tap on the space on the on the icon, the logo and and and 174 00:08:06,120 --> 00:08:10,320 and follow it, follow Robitcom, you know, Robit COM, that's 175 00:08:10,320 --> 00:08:12,440 their, that's their X account. And then we're going to do 176 00:08:12,440 --> 00:08:14,520 different today because our last tweet was so bought it. 177 00:08:14,520 --> 00:08:16,720 We can't use it anymore. It's like bots keep winning and 178 00:08:16,720 --> 00:08:18,760 obviously we keep like having to struggle at the end of the show. 179 00:08:19,320 --> 00:08:22,040 So basically bottom right, there's the purple box, just 180 00:08:22,040 --> 00:08:24,680 retweet that tweet, just retweet the space, nothing else. 181 00:08:24,680 --> 00:08:26,160 Make sure you follow the accounts because we are going to 182 00:08:26,160 --> 00:08:28,040 do Twitter pickers. So you follow it, but just so 183 00:08:28,040 --> 00:08:31,640 you know, retweet, the one that I posted, it already has 73 184 00:08:31,640 --> 00:08:32,640 reposts. Obviously you guys are 185 00:08:32,640 --> 00:08:34,120 understanding the assignment, which is awesome. 186 00:08:34,120 --> 00:08:35,799 Thank you very much. So retweet that. 187 00:08:35,919 --> 00:08:38,600 You know what, drop a little GM while you're at it and feel free 188 00:08:38,600 --> 00:08:42,240 to always comment your thoughts live on the show if you have any 189 00:08:42,240 --> 00:08:44,800 at all times. So anyways, anyways, anyways, 190 00:08:44,800 --> 00:08:47,880 long intro this morning, but why don't we get this party started 191 00:08:47,880 --> 00:08:59,720 with the market report? Can you dig it? 192 00:09:00,800 --> 00:09:04,000 Is it weird that I still do not know who which song that is and. 193 00:09:04,000 --> 00:09:05,080 Me neither. Yeah, I'm. 194 00:09:05,200 --> 00:09:07,200 Like what do you mean? You guys have such a different 195 00:09:07,440 --> 00:09:09,360 Jingle. Like I feel halfway through. 196 00:09:09,440 --> 00:09:12,360 I I have to like, sing it in my head to realize like, who it's 197 00:09:12,360 --> 00:09:14,720 going to be. Dude, like it is. 198 00:09:14,720 --> 00:09:17,120 It is a surprise every time to me. 199 00:09:18,400 --> 00:09:21,200 I'm happy that I surprise you every time, like it's both of 200 00:09:21,200 --> 00:09:21,880 you. You know? 201 00:09:22,560 --> 00:09:24,840 I love to hear that. So what's up with the market? 202 00:09:24,840 --> 00:09:25,400 Mando? Tell us. 203 00:09:25,400 --> 00:09:27,200 Tell us. You're flashing P and LS in in 204 00:09:27,200 --> 00:09:29,000 the film hour chat. It's got me worried. 205 00:09:29,720 --> 00:09:32,880 What's happened? Yeah, I think global markets 206 00:09:32,880 --> 00:09:36,480 have gone full, man. If I'm honest we still have the 207 00:09:36,480 --> 00:09:40,600 Fed tomorrow. I think meetings already started 208 00:09:40,600 --> 00:09:45,280 today and we have some big tech earnings, but tech was strong 209 00:09:45,280 --> 00:09:48,000 yesterday. I think NASDAQ was up like 1%. 210 00:09:49,360 --> 00:09:52,960 Broadly we've we've just kept ripping like people, people are 211 00:09:52,960 --> 00:09:56,040 expecting now a dovish situation across central banks. 212 00:09:56,760 --> 00:10:01,240 As we spoke about yesterday, the Fed is, is it's not, it doesn't 213 00:10:01,240 --> 00:10:04,920 really matter like whether they cut rates in March or in June. 214 00:10:04,920 --> 00:10:07,320 It just doesn't really like they are going to be cutting rates 215 00:10:07,320 --> 00:10:08,760 with inflation where it is right now. 216 00:10:08,760 --> 00:10:11,880 I think I saw Raoul Paul post about it again today just like 217 00:10:11,880 --> 00:10:15,720 down to like 1.7% like on the true inflation measure. 218 00:10:15,720 --> 00:10:19,520 So I think we're about to see a period here of of reduce 219 00:10:20,400 --> 00:10:23,440 interest rates and probably pretty quickly given how high 220 00:10:23,440 --> 00:10:29,640 they are versus but how high they are versus where inflation 221 00:10:29,640 --> 00:10:32,680 is at. So strong markets overall, we've 222 00:10:32,680 --> 00:10:35,640 definitely bounced from a weak start to the year. 223 00:10:35,800 --> 00:10:37,760 It looks like at the highs across the board. 224 00:10:37,760 --> 00:10:41,680 There's some worries about China but nothing major crypto crypto. 225 00:10:41,800 --> 00:10:43,920 We're obviously heading into month end as well like month end 226 00:10:43,920 --> 00:10:46,920 tomorrow. It's it's a big culmination of a 227 00:10:46,920 --> 00:10:52,400 lot of risk. But we hit, yeah, 43 1/2, I 228 00:10:52,400 --> 00:11:01,600 think it was maybe even 44 rough nearly this morning and if he's 229 00:11:01,600 --> 00:11:05,120 starting to catch up slightly. So we're kind of up about 3% 230 00:11:05,120 --> 00:11:09,080 both on Bitcoin and ETH. ETH is back above 2300. 231 00:11:09,480 --> 00:11:12,800 Solana again is up at one O 6, but it was a bunch of different 232 00:11:12,800 --> 00:11:14,520 altcoins have really really ripped. 233 00:11:15,200 --> 00:11:18,440 You have a lot of the AI coins ripping. 2 reasons for that. 234 00:11:19,680 --> 00:11:24,240 Vitalik put out a put another blog post out this morning about 235 00:11:24,240 --> 00:11:27,560 the same time I posted man in minutes about the the future of 236 00:11:27,680 --> 00:11:33,560 AI and Etherium that basically got all of the AI coins 237 00:11:34,560 --> 00:11:36,320 gripping. And then you also obviously have 238 00:11:36,320 --> 00:11:40,280 the Apple Vision Pro, which people have related in various 239 00:11:40,280 --> 00:11:42,120 different ways to have these AI coins moving. 240 00:11:42,120 --> 00:11:48,000 So the big ones there are like Tao Render, those ones are up 241 00:11:48,000 --> 00:11:51,920 big today and then you have some of the kind of hot chains, let's 242 00:11:51,920 --> 00:11:58,280 say Suey's up again, say is up 10% on on the day. 243 00:11:59,480 --> 00:12:01,800 So just a strong period for those sort of coins that you 244 00:12:01,800 --> 00:12:04,080 would expect like people have been talking about for a while, 245 00:12:04,920 --> 00:12:08,560 big, big, big moves I think say is back up to close to a can. 246 00:12:08,640 --> 00:12:11,480 You say it like that. That's just fine, but you. 247 00:12:12,400 --> 00:12:16,280 Have heard some borderline. Yeah, I'll just, I'll stop 248 00:12:16,280 --> 00:12:18,480 myself there. Would that be borderline racist 249 00:12:18,640 --> 00:12:21,480 how I said it is? OK, OK. 250 00:12:21,480 --> 00:12:28,320 Go on, please. Even from Continue, continue. 251 00:12:28,880 --> 00:12:32,040 Say it's a mixture of US and Chinese devs, so missing. 252 00:12:32,080 --> 00:12:37,440 Was opinions are your own thingy on the board can you please Sam 253 00:12:37,600 --> 00:12:40,920 just put the thing that men's opinions are his last None of my 254 00:12:40,960 --> 00:12:43,160 guys not the show nor rock videos I. 255 00:12:43,280 --> 00:12:45,720 Have no idea. I'm thinking of suey where's say 256 00:12:45,880 --> 00:12:47,800 who are even The Who are the say deaths? 257 00:12:48,400 --> 00:12:50,480 What do you mean we DM them? We're going to get one of the 258 00:12:50,480 --> 00:12:54,400 founders on the show. Anyways. 259 00:12:55,200 --> 00:12:57,320 So tell us 30 points, man. That's pretty. 260 00:12:57,840 --> 00:13:00,480 Dan Edelbach He doesn't sound Korean to me. 261 00:13:01,280 --> 00:13:03,680 No, it's it's multiple people we messaged. 262 00:13:03,680 --> 00:13:06,240 One of them got an answer actually, which is going to be. 263 00:13:06,880 --> 00:13:10,000 So Obi said it was Korean. So yeah, no. 264 00:13:10,000 --> 00:13:12,280 That was the Beanie narrative, bro, and you fell for it. 265 00:13:13,960 --> 00:13:16,520 Obi Beanie's been tweeting that it's Korean pump. 266 00:13:16,960 --> 00:13:19,360 He's not. No, he's not, bro. 267 00:13:19,360 --> 00:13:23,160 He's trying to God. Dan Dan Edelbeck. 268 00:13:24,600 --> 00:13:29,440 Yeah, Korean, right? The famous Dan Edelbeck. 269 00:13:29,760 --> 00:13:33,800 That's that's not like ED-EL-B Ek, right? 270 00:13:33,800 --> 00:13:40,480 Yeah. Dash Kim Why is that racist? 271 00:13:40,600 --> 00:13:42,120 Like it's not. It's not. 272 00:13:42,160 --> 00:13:47,120 It's definitely not. OB's having fun this morning 273 00:13:47,200 --> 00:13:50,000 anyways. So on that talk to me more 274 00:13:50,000 --> 00:13:52,840 about, like at all times. Look at there you go, there's 275 00:13:52,840 --> 00:13:54,480 Sims, there's birthday boy. He says. 276 00:13:54,480 --> 00:13:58,520 At all times hosts opinions are their own and not representative 277 00:13:58,520 --> 00:14:01,720 of the show of Rag Y of Crypt of Rug Radio. 278 00:14:01,720 --> 00:14:03,760 And Speaking of which happy birthday Sims. 279 00:14:04,000 --> 00:14:06,120 In the studio down there we see you. 280 00:14:06,120 --> 00:14:08,600 We love you, man. I want to see let's let's get I 281 00:14:08,600 --> 00:14:10,320 want to see some hundreds in the audience man. 282 00:14:10,320 --> 00:14:12,240 You know Sims is one of the thank you, mate. 283 00:14:12,240 --> 00:14:14,240 I love that Sims. You know Sims. 284 00:14:14,240 --> 00:14:16,880 One of the reasons that we we we we managed to show up every day 285 00:14:16,880 --> 00:14:18,840 and do this with you guys. He picks the topics for us in 286 00:14:18,840 --> 00:14:20,680 the morning. He sets all the articles he 287 00:14:20,680 --> 00:14:22,000 like. Prepares the studio. 288 00:14:22,160 --> 00:14:24,680 He screams at us because we're on the studio by 10:29 in the 289 00:14:24,680 --> 00:14:26,760 morning. He makes sure that we're on time 290 00:14:26,760 --> 00:14:28,720 with our topics. So scream at us as we're late on 291 00:14:28,720 --> 00:14:31,200 the topics. He also helps us set up all the 292 00:14:31,200 --> 00:14:33,680 robot shit. So you know chat the Simps. 293 00:14:33,680 --> 00:14:35,120 Give him a follow. I want to see some. 294 00:14:35,120 --> 00:14:36,760 Happy Birthday days in the audience for our boys. 295 00:14:36,760 --> 00:14:38,520 Since anyways, back to the market, Mando. 296 00:14:39,920 --> 00:14:42,080 Say I just love one of these comments, which is by Endo 297 00:14:42,080 --> 00:14:44,200 Kenji. I was hanging with Dan and Seoul 298 00:14:44,200 --> 00:14:45,240 recently. Cool guy. 299 00:14:45,560 --> 00:14:50,440 I don't even know that's that's a joke or not like that is. 300 00:14:51,560 --> 00:14:53,800 I have to say though, our YouTube, and by the way we 301 00:14:53,800 --> 00:14:55,720 broadcast this show live every morning for a newcomer. 302 00:14:55,720 --> 00:14:57,560 So every morning we're live on X and on YouTube. 303 00:14:57,560 --> 00:14:59,840 The rug radio YouTube are also live on my account from where 304 00:14:59,840 --> 00:15:01,760 usually all the boys that we all post it. 305 00:15:02,360 --> 00:15:04,880 But anyways the YouTube comments are usually gold. 306 00:15:05,440 --> 00:15:08,200 So yeah, today's gonna be a fun show so we better get along with 307 00:15:08,200 --> 00:15:10,360 it. So what's up market wise? 308 00:15:10,520 --> 00:15:11,880 It's ripping. Everything's going high. 309 00:15:11,880 --> 00:15:14,320 Obviously there's a lot of talk about the cheapest AirDrop. 310 00:15:14,320 --> 00:15:19,440 People say it's the biggest AirDrop ever in crypto, and the 311 00:15:19,680 --> 00:15:21,720 other big thing is obviously what's going on in the ETF. 312 00:15:21,720 --> 00:15:25,640 So the ETFs are just, I think we saw 250 million net inflows 313 00:15:25,920 --> 00:15:27,720 yesterday. Fidelity alone is now 314 00:15:27,720 --> 00:15:32,400 outweighing GBTC outflows. Fidelity's basically been seeing 315 00:15:32,400 --> 00:15:35,600 100 million to 200 million of employees every single day. 316 00:15:36,600 --> 00:15:39,240 And people are saying now they're getting pulled up about 317 00:15:39,240 --> 00:15:45,000 this because obviously you have low fees for the first few 318 00:15:45,000 --> 00:15:47,160 months. So people are saying, oh, well, 319 00:15:47,160 --> 00:15:50,720 actually you're going to see huge inflows now in for those 320 00:15:50,720 --> 00:15:53,160 first few months so that people don't have to pay the fees. 321 00:15:53,160 --> 00:15:56,680 So I don't know, but there's been a lot of bullish takes on 322 00:15:56,680 --> 00:15:59,520 the ETF over the last 24 hours. There's been some other bullish 323 00:15:59,520 --> 00:16:02,360 stuff going on, some news about some of the airdrops. 324 00:16:02,360 --> 00:16:04,800 Looks like the stock net AirDrop is going to be coming in 325 00:16:04,800 --> 00:16:06,560 February. There's going to be another huge 326 00:16:06,560 --> 00:16:09,280 AirDrop. They they also announced their 327 00:16:09,280 --> 00:16:13,040 collaboration with Celestia. It looked like yesterday you had 328 00:16:13,040 --> 00:16:16,600 the dim AirDrop, which was another huge AirDrop. 329 00:16:16,600 --> 00:16:18,520 I think pudgies got around $7000. 330 00:16:18,600 --> 00:16:21,560 You know, each pudgy got three ES because people like myself 331 00:16:21,560 --> 00:16:25,760 that hold pudgies didn't do the claim, so they gave it all the 332 00:16:25,840 --> 00:16:27,600 unclaimed stuff. I love that they did that, by 333 00:16:27,640 --> 00:16:29,880 the way. Yeah, that'll be that will 334 00:16:29,880 --> 00:16:33,400 happen with all of these. If you remember that's how like 335 00:16:33,600 --> 00:16:35,880 happened with optimism that happens. 336 00:16:35,880 --> 00:16:38,160 It all happened with all of them when people don't claim they 337 00:16:38,160 --> 00:16:41,200 would like redistribute them and then if you hold dim and you 338 00:16:41,200 --> 00:16:43,920 stake it, you get another AirDrop like this is AirDrop 339 00:16:43,920 --> 00:16:48,560 season is is really picking up. But the number one focus is the 340 00:16:48,560 --> 00:16:51,560 Jupiter AirDrop. They did announce today some 341 00:16:51,560 --> 00:16:54,880 details just before we went live on the show about like how 342 00:16:54,880 --> 00:16:58,000 that's going to be distributed. It's been very vocal about like 343 00:16:58,000 --> 00:17:00,840 investors are not really getting tokens. 344 00:17:00,840 --> 00:17:04,440 No, there is no, no, there is no investor token like that's. 345 00:17:04,440 --> 00:17:07,040 He made that very clear like he was saying that there's no VC 346 00:17:07,040 --> 00:17:09,400 that got tokens because he and he was saying not that he hates 347 00:17:09,400 --> 00:17:11,960 VCs and stuff like that. He just wants to make it like 348 00:17:12,599 --> 00:17:15,200 he's like this is not how Jupiter's going to launch it's 349 00:17:15,200 --> 00:17:16,839 token, right. So I thought that was 350 00:17:16,839 --> 00:17:18,560 interesting. Yeah. 351 00:17:18,560 --> 00:17:21,880 So yeah, people are getting, I mean I I think I saw easy was it 352 00:17:21,880 --> 00:17:24,160 easy cut out today. I think it's he's getting build 353 00:17:24,200 --> 00:17:26,119 up. He's getting build up. 354 00:17:26,119 --> 00:17:30,320 He's the face of Solana. He said, So right now obviously 355 00:17:30,360 --> 00:17:32,720 people are talking about it's trading in the Gray we would say 356 00:17:32,720 --> 00:17:36,040 or trading pre market and it's trading around 7 1/2 billion. 357 00:17:36,960 --> 00:17:40,000 People are saying that like circulating values coming out at 358 00:17:40,200 --> 00:17:44,880 already around 1.35 billion. If this goes to 5X, if you go to 359 00:17:44,880 --> 00:17:50,720 6.75 billion like people are getting super bulled up about 360 00:17:50,720 --> 00:17:54,000 how how big this air drops going to be and also how it will trade 361 00:17:54,000 --> 00:17:56,880 on the brake. Every single exchange that I 362 00:17:56,880 --> 00:17:59,160 know is trying to list this coin, right. 363 00:17:59,240 --> 00:18:03,400 Every single exchange. So and none of them have got the 364 00:18:03,400 --> 00:18:07,080 coin. So you're going to see a huge 365 00:18:07,080 --> 00:18:09,560 bid come in from exchanges on that first day. 366 00:18:09,560 --> 00:18:11,840 Every single one is now geared up to try and list it. 367 00:18:11,840 --> 00:18:14,960 So it's going to be wild expected to trade around a lot 368 00:18:16,000 --> 00:18:18,200 obviously we've we've been talking about how to trade 369 00:18:18,200 --> 00:18:19,680 various different things on the back of it. 370 00:18:20,360 --> 00:18:23,000 What's going on in meme coins. It feels like the main thing in 371 00:18:23,000 --> 00:18:25,640 meme coins at the moment is they're running back all the the 372 00:18:26,000 --> 00:18:29,680 the the stock tickers. So GME, AMC, they've both have a 373 00:18:29,680 --> 00:18:31,880 big run. GMA did a 5X7. 374 00:18:31,880 --> 00:18:35,240 I'm so annoyed I missed that one because I I was. 375 00:18:35,280 --> 00:18:36,920 It just seems so obvious to me. It's 6,000,000. 376 00:18:36,920 --> 00:18:41,760 It's now 30 million and a bunch of the other like every every 377 00:18:41,760 --> 00:18:45,640 meme coin, every meme meme stock that you were trading 20/20/21. 378 00:18:46,120 --> 00:18:49,520 Is becoming a coin. Is now a coin, so Bed, Bath and 379 00:18:49,520 --> 00:18:54,760 Beyond next like. All the Wizard of Boho is in all 380 00:18:54,760 --> 00:18:59,200 the fucking second tier ones. So yeah like that's the that's 381 00:18:59,200 --> 00:19:01,640 the new thing going on. And all the other ones like the 382 00:19:01,640 --> 00:19:04,760 when Token got a lot of listings, it's gone below 100. 383 00:19:05,240 --> 00:19:07,640 It went back to 170. Right now. 384 00:19:08,280 --> 00:19:10,640 I'm pretty sure, no. I just saw a tweet this morning. 385 00:19:10,640 --> 00:19:11,800 I don't know. I can't keep up anymore. 386 00:19:12,880 --> 00:19:14,800 It's 120 or something. Oh, is it OK? 387 00:19:14,960 --> 00:19:16,920 One is at 70 million, right? Now got it. 388 00:19:16,920 --> 00:19:20,680 Got it, 70. Everything got estimated because 389 00:19:20,680 --> 00:19:22,760 everyone's waiting for you. Yeah, you're right, it's 71 390 00:19:23,160 --> 00:19:25,640 everything cause but The thing is the anticipation of Jupiter, 391 00:19:25,640 --> 00:19:27,360 right? Like if you saw even last night 392 00:19:27,440 --> 00:19:30,960 I was up till later and like you know Solana started running and 393 00:19:30,960 --> 00:19:33,400 Whiff was running with it to 3:50 and then just bounced right 394 00:19:33,400 --> 00:19:35,920 back. I don't think Jupiter is a 395 00:19:35,920 --> 00:19:37,720 negative negative thing. I think people are just 396 00:19:37,720 --> 00:19:40,920 underestimating the life cycle of coins on Solana I. 397 00:19:41,520 --> 00:19:43,840 Don't even mean that in the negative, like light. 398 00:19:43,960 --> 00:19:47,080 It's just it's normal for people to take their bag and and get 399 00:19:47,080 --> 00:19:49,480 ready ahead of Joob because everyone's bullied like pulled 400 00:19:49,480 --> 00:19:51,400 up right, like you're saying? Yeah. 401 00:19:51,440 --> 00:19:53,120 But I think Jupiter's a bullish sign. 402 00:19:53,120 --> 00:19:55,120 I don't, I don't think that's, I don't think that's what's taking 403 00:19:55,120 --> 00:19:56,440 these low. I just think what we're seeing 404 00:19:56,440 --> 00:20:00,840 right now is a life cycle of a meme on Eve would be like a 405 00:20:00,840 --> 00:20:03,680 month. Is is happening in like 3 days 406 00:20:03,680 --> 00:20:07,960 on on Solana. So like be super careful if you 407 00:20:07,960 --> 00:20:11,720 are in Solana meme coins like it might feel good for like a day 408 00:20:11,720 --> 00:20:14,280 or two. And like we've seen like let's 409 00:20:14,280 --> 00:20:17,080 go through it like when was at 170, now it's now at 70. 410 00:20:17,360 --> 00:20:21,080 Jimmy is now doing this move. So it's gone from 5:00 to to 30. 411 00:20:21,080 --> 00:20:23,880 Who knows what happens there whiff went all the way up to. 412 00:20:24,360 --> 00:20:27,920 3:50 last night. 44 but it was at 450,000,000 now. 413 00:20:29,160 --> 00:20:33,520 OK, in this world win was at 80, now it's down at 14. 414 00:20:33,840 --> 00:20:37,000 Whoa, yeah. I I still think it's due 415 00:20:37,200 --> 00:20:39,400 personally. Like I think you had some, I 416 00:20:39,440 --> 00:20:42,960 think you had some mini, you've had some mini cycles in between 417 00:20:42,960 --> 00:20:44,720 then. But like I think everything. 418 00:20:45,160 --> 00:20:48,920 I think people are like worried that people have seen that when, 419 00:20:48,920 --> 00:20:52,440 when, when, when when came, It took a month away from me. 420 00:20:52,480 --> 00:20:54,040 Yeah. It took liquidity away from all 421 00:20:54,040 --> 00:20:55,600 meme coins. And then that's happened in the 422 00:20:55,600 --> 00:20:56,800 past before. So I think people are worried 423 00:20:56,800 --> 00:20:57,960 that that will happen with dupes. 424 00:20:57,960 --> 00:21:00,600 I think it's like you're seeing that already play out now. 425 00:21:02,480 --> 00:21:04,480 And I think the life cycle you've been called, yeah, some 426 00:21:04,480 --> 00:21:06,040 of them are very short, but some of them are longer than you 427 00:21:06,040 --> 00:21:09,560 think they are, I think. And so I think, I don't know, 428 00:21:09,560 --> 00:21:11,600 We'll see. Like, I have a feeling we're 429 00:21:11,600 --> 00:21:15,240 going to rally on meme coins like tomorrow before even like 430 00:21:15,400 --> 00:21:16,280 before even. Yeah. 431 00:21:16,400 --> 00:21:17,920 I mean, if it doesn't rally by the weekend, then it's like 432 00:21:17,920 --> 00:21:19,040 fucking. You got to get out of all that 433 00:21:19,040 --> 00:21:21,200 shit. But I have a feeling you'll see 434 00:21:21,200 --> 00:21:24,800 it happen much more quickly than than before because I think 435 00:21:24,800 --> 00:21:27,680 people are worried. About all mean coins that don't 436 00:21:27,680 --> 00:21:32,400 catch a bid post AirDrop, because that means that nobody 437 00:21:32,400 --> 00:21:34,240 has interest in them after they get their steny. 438 00:21:34,720 --> 00:21:36,880 It's like that tweet I said yesterday, I said when profits 439 00:21:36,880 --> 00:21:39,120 will flow to jupe and that's literally happened. 440 00:21:39,120 --> 00:21:41,320 And like so many people hated me for saying that because they all 441 00:21:41,320 --> 00:21:43,640 own when. But guess what, it's down 50% 442 00:21:43,640 --> 00:21:46,320 now in a day. So and in the next stage it's 443 00:21:46,320 --> 00:21:48,720 like the juice value will cause a Seoul rally and we're seeing 444 00:21:48,720 --> 00:21:51,600 the Seoul rally now and then I think they'll be those, the 445 00:21:51,600 --> 00:21:53,440 profits will be there and they'll flow back into other 446 00:21:53,440 --> 00:21:55,440 things, so. Will they not just flow back 447 00:21:55,440 --> 00:21:57,360 into a new meme? This is fucking new meme coins. 448 00:21:57,560 --> 00:21:58,960 It could. It could well be in. 449 00:21:59,600 --> 00:22:00,920 Your narrative. It could well be a new. 450 00:22:01,040 --> 00:22:02,960 I completely agree with that and that's why I think you have to 451 00:22:02,960 --> 00:22:04,360 be really careful with the mean coins you pick. 452 00:22:04,880 --> 00:22:09,480 I think some have, some have lived through multiple of these 453 00:22:09,480 --> 00:22:12,120 mini cycles, some of them die in mini cycle. 454 00:22:12,120 --> 00:22:13,280 I think that's where you have to be careful. 455 00:22:13,280 --> 00:22:17,000 But yes, it could. There will 100% be a brand new 456 00:22:17,000 --> 00:22:19,720 meme coin that will be timed right after dupe and that will 457 00:22:19,720 --> 00:22:22,440 do like a 10X and that'll be the one and people will be holding 458 00:22:22,440 --> 00:22:25,080 on to some other meme coin. There's a new 10X every every 459 00:22:25,080 --> 00:22:26,560 day. Yeah, yeah, it's like. 460 00:22:26,560 --> 00:22:29,440 I feel like if I know these, I've known these meme coins for 461 00:22:29,440 --> 00:22:33,200 so long but like they like Harambe is 13 days old, Wynne is 462 00:22:33,200 --> 00:22:39,040 25 days old, Wiff is only two months old, Wiff is 2 months old 463 00:22:39,040 --> 00:22:40,520 and. It feels like, right, we got 464 00:22:40,720 --> 00:22:42,160 that, we got that in December, right? 465 00:22:42,160 --> 00:22:46,080 That was fairly newish. It tells you about the timeline 466 00:22:46,080 --> 00:22:49,040 here. The shit is spinning up and 467 00:22:49,040 --> 00:22:51,680 spinning down and just be super careful in that world. 468 00:22:51,840 --> 00:22:55,120 NFTS feel a bit more stable even in this environment we've. 469 00:22:55,440 --> 00:22:57,400 Always been. I like yeah. 470 00:22:58,040 --> 00:23:02,920 They're just grinding high. But this meme coin cycle is 1 to 471 00:23:02,920 --> 00:23:05,120 you can make a fortune on like there's no. 472 00:23:05,120 --> 00:23:07,760 I've haven't seen anyone be able to make as much money if they 473 00:23:07,760 --> 00:23:10,720 have in some of these meme coins, but you can also get 474 00:23:10,840 --> 00:23:13,120 absolutely. Or you can also lose, like a lot 475 00:23:13,120 --> 00:23:14,320 of the people that make a lot of money. 476 00:23:14,320 --> 00:23:17,000 Meme coins give it all back the week after. 477 00:23:17,120 --> 00:23:20,080 Oh yeah, they'll roll into the. Next one, it's easy money. 478 00:23:20,080 --> 00:23:21,800 It's like ahead. We were talking about this 479 00:23:21,800 --> 00:23:23,960 yesterday. The casino like you make big at 480 00:23:23,960 --> 00:23:26,280 a table. Most people don't just leave the 481 00:23:26,280 --> 00:23:29,880 casino with the gain, right? I mean, including, like, I mean, 482 00:23:29,880 --> 00:23:32,480 I've done this multiple times where like I got a nice little 483 00:23:32,480 --> 00:23:34,560 hit and then, you know, give most of it back. 484 00:23:34,960 --> 00:23:36,600 Just, you know, such is the life of DJ. 485 00:23:36,600 --> 00:23:38,720 And we do have, you know, Speaking of billionaires, we 486 00:23:38,720 --> 00:23:41,320 have Sobie on stage. What's up, Sobie? 487 00:23:42,080 --> 00:23:44,600 Here he is. What's up fellas? 488 00:23:44,600 --> 00:23:47,720 Just trying to get my steps in. Listen to the boys talk. 489 00:23:49,280 --> 00:23:52,280 Trying to get my steps in. Trying to get my steps in. 490 00:23:52,280 --> 00:23:54,200 I love that sobie. What do you what do you what do 491 00:23:54,200 --> 00:23:55,880 you think? I mean, you you actually. 492 00:23:55,880 --> 00:23:58,640 You have been following the salon ecosystem forever. 493 00:23:59,200 --> 00:24:02,320 So, like, how do you feel about, you know, Jupiter AirDrop coming 494 00:24:02,560 --> 00:24:07,720 coming on tomorrow? I think it's going to be similar 495 00:24:07,720 --> 00:24:13,000 esque to the Uniswap AirDrop. I think it's going to get people 496 00:24:13,000 --> 00:24:16,760 to take. What's funny is like a lot of 497 00:24:16,760 --> 00:24:22,400 these ETH heads will like have an opinion on Solana, then four 498 00:24:22,400 --> 00:24:24,320 months later they'll use Jupiter for the first time. 499 00:24:24,320 --> 00:24:26,440 Be like, holy shit, this is awesome man. 500 00:24:26,440 --> 00:24:28,440 How did you form this opinion without using it? 501 00:24:29,680 --> 00:24:32,000 That's really just been, I feel. Sane are. 502 00:24:37,520 --> 00:24:39,520 People going to rotate their Jupiter into zai? 503 00:24:39,520 --> 00:24:43,480 Is that what's going on? Bro, chill out with the Fed talk 504 00:24:43,480 --> 00:24:44,640 dude. Jesus Christ. 505 00:24:45,960 --> 00:24:50,680 I I think though that like you know this is obviously like mid 506 00:24:50,680 --> 00:24:53,520 curved, the Solana shit, but everything else kind of worked 507 00:24:53,520 --> 00:24:56,520 out. But Solana just has a strong dev 508 00:24:56,520 --> 00:24:59,560 community man that's like the hardest thing to do beyond just 509 00:24:59,560 --> 00:25:05,960 building an an actual tech stack is that social layer and I think 510 00:25:05,960 --> 00:25:08,320 you've seen a lot of resilience and honestly like tender's a 511 00:25:08,320 --> 00:25:11,040 better product than Blur. Trooper's a better product than 512 00:25:11,040 --> 00:25:13,960 Uniswap. I think the difference is like 513 00:25:13,960 --> 00:25:16,280 Solana attracts a lot of builders that come from high 514 00:25:16,280 --> 00:25:20,760 frequency trading or people that are just like throughput Maxis 515 00:25:21,560 --> 00:25:25,520 versus like like Hayden Adams the other day was like Oh my God 516 00:25:25,720 --> 00:25:27,760 crypto. Everyone talks about the price. 517 00:25:27,760 --> 00:25:31,440 Like bro, you literally got rich building a fucking protocol that 518 00:25:31,440 --> 00:25:33,920 lets people speculate on the price and now that you're post 519 00:25:33,920 --> 00:25:36,120 economic you're gonna virtually signal some bullshit. 520 00:25:37,000 --> 00:25:41,040 I I find those things about like ETH culture very frustrating and 521 00:25:41,040 --> 00:25:44,760 a lot of the people that lead the ETH road map, it feels like 522 00:25:44,760 --> 00:25:48,200 don't even use ETH. Like they're just dudes that did 523 00:25:48,200 --> 00:25:53,040 the ETH ICO are super rich, like have a fucking nomad visa or 524 00:25:53,040 --> 00:25:55,800 like live in Switzerland. And just you can even see that 525 00:25:55,800 --> 00:25:58,440 from the fact that people thought like Oh yeah you're 526 00:25:58,440 --> 00:26:01,640 gonna self stake your own fucking EST bro. 527 00:26:01,680 --> 00:26:05,000 I know a lot of people that own a lot of EST, not a single 528 00:26:05,000 --> 00:26:07,480 person that's self sticking 'cause it's fucking scary. 529 00:26:08,120 --> 00:26:12,400 So I think in relation to all those things like the Solana, 530 00:26:12,400 --> 00:26:15,720 the Solana ecosystem, I think this is gonna keep performing 531 00:26:15,720 --> 00:26:20,040 well. I the worry though is I think 532 00:26:20,040 --> 00:26:23,800 you're seeing this right now with like points. 533 00:26:24,160 --> 00:26:26,440 Everyone's doing points. Even fucking MMT now did points. 534 00:26:26,440 --> 00:26:27,840 That's the global top for points. 535 00:26:28,040 --> 00:26:30,760 It's a lot of people are getting farmed instead of farming. 536 00:26:30,760 --> 00:26:35,240 And So what I hope with the Jupiter AirDrop is that these 537 00:26:35,240 --> 00:26:38,760 other platforms, you know, actually start dropping their 538 00:26:38,760 --> 00:26:41,160 tokens. I think that's like margin, Phi 539 00:26:41,160 --> 00:26:45,720 Kimono Drift, some of these other ones all have points and I 540 00:26:45,720 --> 00:26:48,840 just hope that they launch on the tailwind of the Jupiter 541 00:26:48,840 --> 00:26:53,120 AirDrop, because I think that was similar to like the Geo 542 00:26:53,120 --> 00:26:54,560 AirDrop. I was hoping that a lot of 543 00:26:54,560 --> 00:26:57,320 projects would launch their AirDrop, their tokens right 544 00:26:57,320 --> 00:27:00,240 after 'cause it has like a really nice compounding effect 545 00:27:00,720 --> 00:27:03,560 of like liquidity and how willingness people are to be 546 00:27:03,560 --> 00:27:06,920 risk on in the environment. And it's cool that I think the 547 00:27:06,920 --> 00:27:09,240 salon ecosystem going to get a second chance at that. 548 00:27:09,240 --> 00:27:12,600 But it's going to be a massive, massive liquidity boost the 549 00:27:12,600 --> 00:27:14,280 ecosystem and I think it's going to be pretty cool. 550 00:27:14,280 --> 00:27:18,520 I'm I'm with Solana and Joyer. Yeah, no, I I remember you guys 551 00:27:18,520 --> 00:27:21,200 were you guys launched on Solana first a couple years ago. 552 00:27:21,200 --> 00:27:24,400 So that's pretty cool. I'm, I'm excited to see what 553 00:27:24,400 --> 00:27:26,680 goes down there for sure. I mean we've been talking about 554 00:27:26,680 --> 00:27:29,880 it for a minute now and and so it's going to be, it's going to 555 00:27:29,880 --> 00:27:31,840 be a big day tomorrow, it's going to be a really big day 556 00:27:31,840 --> 00:27:33,040 tomorrow. You can already, really. 557 00:27:33,040 --> 00:27:35,160 Really big next few days. I have a question. 558 00:27:36,480 --> 00:27:39,200 When is FOMO Hour launching points, bro? 559 00:27:39,520 --> 00:27:43,040 Never. But you know, fed, fed, fed back 560 00:27:43,040 --> 00:27:44,560 at you. Yeah, the Fed. 561 00:27:44,560 --> 00:27:46,160 There you go. He's like trying to fed me back. 562 00:27:46,440 --> 00:27:48,440 But you know what? Like I saw someone tweet 563 00:27:48,440 --> 00:27:49,800 yesterday. I forgot who it was. 564 00:27:49,840 --> 00:27:51,920 I I just, I gotta, I'm gonna find it again. 565 00:27:51,920 --> 00:27:55,320 But it was someone saying like the whole like it's like a lot 566 00:27:55,320 --> 00:27:57,480 of someone's interesting that like doing the whole points 567 00:27:57,480 --> 00:28:00,040 thing across the board in crypto is like setting the space 568 00:28:00,040 --> 00:28:02,600 backwards a bit where like the point it was like to tokenize 569 00:28:02,600 --> 00:28:05,440 things and now we're just making points and it's interesting what 570 00:28:05,440 --> 00:28:07,120 you say. So but it's like instead of like 571 00:28:07,120 --> 00:28:10,200 farming, people are being the the participant now is being 572 00:28:10,200 --> 00:28:12,680 farmed. And I thought, I think that's 573 00:28:12,680 --> 00:28:14,120 pretty interesting that you bring that up. 574 00:28:14,200 --> 00:28:17,200 And I think you're right like that the Jupiter and the way 575 00:28:17,200 --> 00:28:20,160 they're approaching everything that they've done, you know the 576 00:28:20,160 --> 00:28:23,200 team, I don't know. I just, I just think it's really 577 00:28:23,200 --> 00:28:25,280 interesting that there you go. So I found the tweet. 578 00:28:25,280 --> 00:28:29,720 So it was it was Alex Kruger and he said here it is. 579 00:28:29,720 --> 00:28:32,400 I'm curious for thoughts here, he said the crypto industry 580 00:28:32,400 --> 00:28:34,600 invested years encouraging businesses to replace their 581 00:28:34,600 --> 00:28:37,280 points rewards programs for tokens for good reasons. 582 00:28:37,560 --> 00:28:40,720 Tokens confer ownership, are programmable and composable. 583 00:28:40,960 --> 00:28:44,200 Then 2023 happened and now crypto projects are all issuing 584 00:28:44,200 --> 00:28:46,040 points themselves. What a shame. 585 00:28:46,800 --> 00:28:50,240 I it's a pretty good take. Like what do you guys think 586 00:28:50,240 --> 00:28:52,440 here? Like is this setting us back? 587 00:28:52,440 --> 00:28:54,400 What do you think Toby? I I kind of like this take. 588 00:28:55,400 --> 00:29:00,520 So our go to market for zai when we did this like crazy test net 589 00:29:01,360 --> 00:29:04,880 was we basically used you know Galaxy as like a quasi opera 590 00:29:04,880 --> 00:29:10,400 wall if you will and we had points as well, but it wasn't 591 00:29:10,400 --> 00:29:13,080 like on the front end I guess it was like through Galaxy. 592 00:29:14,440 --> 00:29:19,400 And so for us we we didn't announce an AirDrop ever and I 593 00:29:19,400 --> 00:29:22,800 guess we're kind of an edge case of like a project that kind of 594 00:29:23,840 --> 00:29:27,600 grew really fast out of nowhere. But the intention was just like 595 00:29:28,080 --> 00:29:31,640 we want to reward people for you know testing the protocol, 596 00:29:31,640 --> 00:29:34,320 making sure everything is working and never once where we 597 00:29:34,320 --> 00:29:38,040 like oh wow like let's delay this or further do this thing or 598 00:29:38,040 --> 00:29:40,760 whatever so we can keep getting the usage it. 599 00:29:40,760 --> 00:29:43,960 I think the problem ends up happening is that like these 600 00:29:43,960 --> 00:29:48,320 protocols get worried about this pre token launch. 601 00:29:48,960 --> 00:29:51,520 Go to market is like the only time they think that's when 602 00:29:51,520 --> 00:29:54,800 their users will peak so they just don't distribute the token. 603 00:29:56,240 --> 00:30:01,160 The other thing is like now when you have points like everyone 604 00:30:01,160 --> 00:30:04,160 thinks you're going to get an AirDrop right. 605 00:30:04,160 --> 00:30:07,280 So like the overall macro of the market has changed as well. 606 00:30:07,720 --> 00:30:11,040 Like everyone's like farming all these different points, all 607 00:30:11,040 --> 00:30:13,200 these different things. I think, you know, the farmer 608 00:30:13,200 --> 00:30:15,880 getting farmed is really like the issue here. 609 00:30:16,240 --> 00:30:18,760 Even with Jupiter, like I was like oh man, they should have 610 00:30:18,760 --> 00:30:22,160 done their AirDrop after Judo. But the head dev is like 611 00:30:22,520 --> 00:30:26,480 literally in the hospital, like posting from the hospital and 612 00:30:26,480 --> 00:30:29,960 people are still like fuck, you launch a token, which I think is 613 00:30:29,960 --> 00:30:32,080 just very funny about how this industry works. 614 00:30:32,080 --> 00:30:36,080 But teams just need to realize like, bro, just launch your 615 00:30:36,080 --> 00:30:38,000 token. Like if you're going to do one, 616 00:30:38,000 --> 00:30:40,960 just do it. I think that's the worry is like 617 00:30:40,960 --> 00:30:44,440 everyone gets gets too cheeky, gets too smart and things like 618 00:30:45,120 --> 00:30:47,200 they're like, oh OK, we're going to launch this token when the 619 00:30:47,200 --> 00:30:50,920 fucking GBTC flows aren't negative anymore. 620 00:30:51,000 --> 00:30:54,840 Like, dude, shut up, just like launch your token, let it do its 621 00:30:54,840 --> 00:30:58,520 thing and keep shipping. That's like I've, you know, I 622 00:30:58,520 --> 00:31:01,360 talk to devs all the time and then they're just like always 623 00:31:01,360 --> 00:31:03,840 trying. It's funny that you have people 624 00:31:03,840 --> 00:31:06,840 that don't are building something or trying to try like 625 00:31:06,840 --> 00:31:10,720 time to market. Obviously it's different like 626 00:31:11,360 --> 00:31:13,440 launching something in the bull versus a bear. 627 00:31:13,880 --> 00:31:17,160 Like a lot of people I knew were not like necessarily launching 628 00:31:17,160 --> 00:31:20,440 things last year aren't even doing the news because like just 629 00:31:20,440 --> 00:31:23,560 no one cared. But yeah, I think the issue is 630 00:31:24,320 --> 00:31:26,320 these projects are going like they're basically looking at 631 00:31:26,320 --> 00:31:28,920 their usage numbers and they're going OK like once we launch the 632 00:31:28,920 --> 00:31:32,840 token, if our usage goes down, it looks really, really bad. 633 00:31:33,360 --> 00:31:36,280 But it just means that like you didn't build a strong product. 634 00:31:36,880 --> 00:31:39,520 So sorry, like that is just what it is. 635 00:31:40,080 --> 00:31:43,640 I think like and also it's counterpoint to like what that 636 00:31:44,000 --> 00:31:48,120 that tweet is also like the points also probably especially 637 00:31:48,120 --> 00:31:52,080 within the States and I guess more Western like, it's like a 638 00:31:52,080 --> 00:31:57,240 result of like legislation that's like being really tough. 639 00:31:57,240 --> 00:32:00,280 And there's no real legal framework around tokenization 640 00:32:00,480 --> 00:32:02,760 and tokens in general and the issuance of everything. 641 00:32:02,760 --> 00:32:04,600 Like you all know like there's so much stuff that you have to 642 00:32:04,600 --> 00:32:07,360 like set up in order to like get a token out and everything so 643 00:32:07,360 --> 00:32:10,360 that a lot of people will go for points first for an onboarding 644 00:32:10,360 --> 00:32:15,080 process that people understand. And and so I think that there's 645 00:32:15,080 --> 00:32:17,760 also that friction probably why most people go through points 646 00:32:17,760 --> 00:32:20,160 1st to see if there's actual real demand for something before 647 00:32:20,160 --> 00:32:22,320 like launching A token. So I guess I'll understand that 648 00:32:22,320 --> 00:32:25,120 part too and why 2023 went heavy towards points. 649 00:32:25,120 --> 00:32:27,840 Also mind you, 23 was not a bull market yet, maybe towards the 650 00:32:27,840 --> 00:32:31,000 end price action, sorry catching up to it, but definitely the 651 00:32:31,000 --> 00:32:33,400 most of 2023 was not great for the market overall. 652 00:32:33,400 --> 00:32:34,320 So I don't know. I thought that was an 653 00:32:34,320 --> 00:32:36,720 interesting thought and interesting last thing on 654 00:32:36,720 --> 00:32:43,360 Jupiter before we go on OV so on the official website, just 655 00:32:43,400 --> 00:32:44,440 everyone needs to be careful here. 656 00:32:44,440 --> 00:32:46,880 There's going to be a lot of scams in next 24 hours. 657 00:32:47,640 --> 00:32:50,800 There's going to be a lot of fake claims, a lot of fake 658 00:32:50,800 --> 00:32:54,680 websites, a lot of fake gold badges, blue badges on X, 659 00:32:54,680 --> 00:32:57,560 everything. You got to be very careful here. 660 00:32:57,560 --> 00:33:00,560 Everyone like don't like ape into something and just run into 661 00:33:00,560 --> 00:33:02,760 signing a transaction and lose everything please. 662 00:33:03,520 --> 00:33:06,920 But you can claim which by the way, this is the saddest thing 663 00:33:06,920 --> 00:33:12,560 ever. This is like no, but what's this 664 00:33:12,560 --> 00:33:13,360 part? Ovi? 665 00:33:13,360 --> 00:33:18,800 You can already set up an order for Jupe in advance, it seems. 666 00:33:21,640 --> 00:33:24,520 Wow. Yeah, I just saw that. 667 00:33:24,880 --> 00:33:28,520 Even if you don't, I might explain why we're maybe people 668 00:33:28,520 --> 00:33:30,320 are already setting orders to buy it, like. 669 00:33:30,320 --> 00:33:33,640 Yes Sir, look at that trade and set up your order Preset limit 670 00:33:33,640 --> 00:33:36,120 orders or DC in advance to acquire tokens at launch. 671 00:33:36,480 --> 00:33:39,320 New tokens are volatile. Set a maximum price limit when 672 00:33:39,320 --> 00:33:41,440 trading them. So like you have an initial 673 00:33:41,440 --> 00:33:47,720 price is $0.04 and Max price is $0.69 and the Max. 674 00:33:47,720 --> 00:33:51,760 I'm not sure how much it is, but you can already set up DCA swap 675 00:33:51,760 --> 00:33:53,960 and limit orders on dupe ahead of its launch. 676 00:33:54,080 --> 00:33:56,000 I don't think we've ever seen this before in LIKE. 677 00:33:56,080 --> 00:34:00,360 There must be so many orders, the Max price, right? 678 00:34:00,720 --> 00:34:03,400 And that's basics. This I was like I was sitting 679 00:34:03,400 --> 00:34:05,280 here wondering like why is everything already selling off 680 00:34:05,280 --> 00:34:08,520 before this AirDrop and that before this token is launched. 681 00:34:08,520 --> 00:34:11,400 And that makes sense. People have already people have 682 00:34:11,400 --> 00:34:14,719 already sold stuff to set orders at the the Max, and I guess like 683 00:34:15,320 --> 00:34:19,159 the orders are probably done in time order so the earlier orders 684 00:34:19,159 --> 00:34:22,239 get filled first. That's if you can even buy it 685 00:34:22,239 --> 00:34:28,040 then like maybe it didn't. I'm not really sure they did it 686 00:34:28,040 --> 00:34:30,920 for when as well apparently. Yeah, this apparently did it for 687 00:34:30,920 --> 00:34:32,600 when, I don't know. I like this, so people should 688 00:34:32,600 --> 00:34:35,760 just go and check it out, dude, honestly, like this team is so 689 00:34:35,760 --> 00:34:37,440 good. I, I, I know we talk about them 690 00:34:37,440 --> 00:34:39,000 a lot. We'll stop once the Jupiter like 691 00:34:39,000 --> 00:34:41,320 AirDrop happens and stuff, which obviously we have to like. 692 00:34:41,320 --> 00:34:43,159 This is like what's happening right now. 693 00:34:43,159 --> 00:34:46,080 But it's so interesting and they're really just killing it 694 00:34:46,480 --> 00:34:48,000 in that front. It's really impressive. 695 00:34:48,600 --> 00:34:51,520 I it just amazes me how so many people still are not paying 696 00:34:51,520 --> 00:34:54,719 attention to Solana. Like this is going to be one of 697 00:34:54,719 --> 00:34:56,120 the biggest air drops ever in crypto. 698 00:34:56,120 --> 00:34:58,960 Yeah, this is, you know, this could potentially be like a Sobi 699 00:34:58,960 --> 00:35:01,160 said like as big as that uni swap air drop, which is huge. 700 00:35:01,400 --> 00:35:04,280 So like, you know, like whether you like it or not, you can't 701 00:35:04,280 --> 00:35:06,120 ignore that this is going to have an insane impact. 702 00:35:06,120 --> 00:35:09,320 Like if this thing comes at $7 billion, you know, that's going 703 00:35:09,320 --> 00:35:11,400 to be about 700 million. It's going to be, well, they're 704 00:35:11,400 --> 00:35:13,600 already saying about it's going to be north of a billion 705 00:35:13,600 --> 00:35:16,440 dollars, like of like free money coming to the market. 706 00:35:16,440 --> 00:35:19,560 So it's just, it's just an insane amount of money and you 707 00:35:19,560 --> 00:35:22,280 just can't ignore it. You don't even have to like own 708 00:35:22,280 --> 00:35:23,640 any to learn or be involved in it. 709 00:35:23,640 --> 00:35:26,000 But you you can't just pretend like this isn't happening, 710 00:35:26,000 --> 00:35:28,400 because it is. And it's the biggest thing to 711 00:35:28,400 --> 00:35:32,160 happen in crypto since the ETS. It's a really big thing. 712 00:35:32,520 --> 00:35:35,520 So he says there's like, there's five more to come, right? 713 00:35:35,520 --> 00:35:38,680 We have like we have tensor. Tensor. 714 00:35:38,680 --> 00:35:41,800 The tensor fucking marketplace token we have, we have like 715 00:35:41,800 --> 00:35:45,760 Camino we have, Drift we have. I don't know, I'm trying to 716 00:35:45,760 --> 00:35:47,720 think of the other ones like margin Phi. 717 00:35:47,880 --> 00:35:50,040 Jupiter is also in multiple seasons. 718 00:35:50,360 --> 00:35:54,280 Like it's not one shot. So like this is, this is the 719 00:35:54,280 --> 00:35:57,160 true golden age of air drops. That's what that's what I would 720 00:35:57,160 --> 00:36:00,720 call this period right now. This is like I don't think, I 721 00:36:00,720 --> 00:36:02,960 don't know when the last period was, like where I guess when ETH 722 00:36:02,960 --> 00:36:05,200 was first. Building 21, the ETH eco had 723 00:36:05,200 --> 00:36:08,040 insane airdrops in 21. Like, right? 724 00:36:08,040 --> 00:36:10,120 And then Sobi said it. You're gonna swap 2020? 725 00:36:11,000 --> 00:36:13,440 But these were two. The thing is too is like these 726 00:36:13,440 --> 00:36:18,760 are so easy to farm, like the Geo AirDrop, super easy to farm, 727 00:36:18,760 --> 00:36:21,400 right? And like these cap tables are a 728 00:36:21,400 --> 00:36:24,160 lot more like Chad. Honestly too, there is no cap 729 00:36:24,160 --> 00:36:25,360 table. Actually, I love you. 730 00:36:25,800 --> 00:36:29,120 So like Jupiter is pretty interesting in that regard too 731 00:36:29,120 --> 00:36:32,280 of like there is no institutional capital that has 732 00:36:32,280 --> 00:36:34,760 exposure to it. And I don't think the Jupiter 733 00:36:34,760 --> 00:36:37,800 team is like the team that will be like, Oh yeah, we'll give you 734 00:36:37,800 --> 00:36:40,200 OTC discount. They're gonna just tell all 735 00:36:40,200 --> 00:36:42,880 these people to go buy in the open market. 736 00:36:44,000 --> 00:36:46,840 So that's like an interesting difference. 737 00:36:46,840 --> 00:36:49,200 I think I, I wonder if that was somewhere back in the day to 738 00:36:49,200 --> 00:36:51,760 UNISWAP. But UNISWAP was founded from a 739 00:36:51,760 --> 00:36:55,000 grant from the foundation. But I think Paradigm picked up 740 00:36:55,000 --> 00:36:58,360 Hayden Adams pretty early on. Yeah. 741 00:36:58,600 --> 00:37:00,800 I saw DWF tweeted about it. Do you know if they've got like 742 00:37:00,800 --> 00:37:02,240 a market maker in place? Or is it? 743 00:37:02,240 --> 00:37:04,480 Just like, again, whoever the fuck wants to get involved, get 744 00:37:04,520 --> 00:37:08,840 get involved. I don't the way I was talking, 745 00:37:08,840 --> 00:37:11,520 like, it seems like he's just going for it and everybody's 746 00:37:11,520 --> 00:37:12,720 going to fight to get involved with that. 747 00:37:12,720 --> 00:37:15,640 Like, he probably built a project so interesting that 748 00:37:15,640 --> 00:37:17,400 everybody wants to be a part of this. 749 00:37:17,800 --> 00:37:19,680 Yeah, like, I don't think he even needs it. 750 00:37:19,680 --> 00:37:21,080 I. Don't think he needs anything. 751 00:37:21,080 --> 00:37:23,960 I think DWF. Andre tweeted. 752 00:37:24,280 --> 00:37:26,080 Yeah. Also integrating Jupiter 753 00:37:26,080 --> 00:37:28,560 Exchange for our prop trading is aligned with our strategy to be 754 00:37:28,680 --> 00:37:30,520 deeply involved in DFI and support it. 755 00:37:30,520 --> 00:37:32,200 I don't even know if he's the market maker. 756 00:37:32,520 --> 00:37:35,280 This is the thing he's he might just be like a fan, like, I 757 00:37:35,280 --> 00:37:37,360 think everyone. Genuinely say he has built such 758 00:37:37,360 --> 00:37:39,680 a good product like the Jupiter team has built such a good 759 00:37:39,680 --> 00:37:42,880 product that everybody uses. I think like, this is one of the 760 00:37:43,480 --> 00:37:46,560 really good examples of a very successful product like that's 761 00:37:46,560 --> 00:37:49,320 being fairly launched to everyone, used by everyone 762 00:37:49,320 --> 00:37:52,640 that's going to get listed and like, OK, maybe there's calls, 763 00:37:52,640 --> 00:37:56,520 but I don't know, man, that meow guy, He's highly transparent on 764 00:37:56,520 --> 00:37:58,160 the timeline about how he's approached everything. 765 00:37:58,560 --> 00:38:02,400 I've really enjoyed reading him. It's interesting though that as 766 00:38:02,400 --> 00:38:06,560 a product, it's not actually the same as Unispop, right? 767 00:38:07,080 --> 00:38:09,600 So as a product, it's actually an aggregator. 768 00:38:09,960 --> 00:38:13,080 So it's it's like 1 inch, it's like 1 inch, it goes to, it goes 769 00:38:13,080 --> 00:38:16,200 to all the different like that's why often when you trade on 770 00:38:16,200 --> 00:38:18,440 Jupiter, you're actually trading on like ORCA or you're trading 771 00:38:18,440 --> 00:38:21,320 on radium or something like that, like it's more like 1 inch 772 00:38:21,360 --> 00:38:22,960 as a product. So it's more an aggregate, it's 773 00:38:22,960 --> 00:38:25,440 more like blur for that, for that in that perspective. 774 00:38:26,880 --> 00:38:29,400 And it's now gonna start bringing in LP's. 775 00:38:29,400 --> 00:38:32,600 But like, yeah, it's not actually apples for apples with 776 00:38:33,040 --> 00:38:34,840 with the Unisop, it's a slightly different model. 777 00:38:36,080 --> 00:38:39,520 Yeah, it's gonna be a man. It's going to be so interesting. 778 00:38:39,520 --> 00:38:42,120 Like I got I'm. I'm just happy to see people. 779 00:38:42,120 --> 00:38:47,200 Like I'm just seeing people like in my DMS right now. 780 00:38:47,200 --> 00:38:49,680 Even talking about like their jupe AirDrop and the amount that 781 00:38:49,680 --> 00:38:51,560 they're getting AirDrop and they find them fucking sick. 782 00:38:51,960 --> 00:38:54,760 Like there's going to be a lot of wealth being created tomorrow 783 00:38:54,920 --> 00:38:57,000 and from tomorrow on for the space. 784 00:38:57,200 --> 00:39:00,800 And it's freaking awesome. And I just love the fact that 785 00:39:00,800 --> 00:39:04,280 it's goes mostly towards that community that like almost got 786 00:39:04,280 --> 00:39:07,600 decimated a little bit over a year ago. 787 00:39:08,440 --> 00:39:13,800 Everything was gone with the SBF and FTS going on and it's like 788 00:39:14,160 --> 00:39:17,280 1000% up and then you have these airdrops backed. 789 00:39:17,280 --> 00:39:20,440 I mean, Jito Sobi said all you had to do was what stake one 790 00:39:20,440 --> 00:39:23,080 soul to get like a $10,000 AirDrop. 791 00:39:23,080 --> 00:39:26,840 Like, I don't know, like, I just love this stuff. 792 00:39:26,840 --> 00:39:30,480 But anyways, let's move forward here into our next topics of 793 00:39:30,480 --> 00:39:33,760 conversation today, some big ones that we couldn't touch on 794 00:39:33,760 --> 00:39:36,480 yesterday because we're talking about a whole bunch of other 795 00:39:36,480 --> 00:39:38,760 stuff like usual, but you know, you love to see that. 796 00:39:38,760 --> 00:39:42,840 So this whole, like, founder thing in this case right now, 797 00:39:42,840 --> 00:39:45,120 right, there's a lot of conversation going on. 798 00:39:45,120 --> 00:39:52,160 So this all started when Alex Lynn, founder of Valhalla, you 799 00:39:52,200 --> 00:39:54,920 know, announced, you know, and I believe, like, I haven't 800 00:39:54,920 --> 00:39:56,680 followed the project much, didn't mint it, whatever. 801 00:39:58,120 --> 00:40:00,360 You know, it seems like there hasn't been much going on for a 802 00:40:00,360 --> 00:40:02,680 year. And then comes out and there is 803 00:40:02,680 --> 00:40:05,560 a a new a keyboard that they're launching and whatnot. 804 00:40:05,560 --> 00:40:06,600 They're trying to sell the keyboard. 805 00:40:06,600 --> 00:40:08,280 And then I'm going to share the screen here. 806 00:40:08,440 --> 00:40:10,800 Grill dot, ETH, grill dot, ETH. We showed actually a great 807 00:40:10,800 --> 00:40:13,560 exchange last night together. It's funny, a lot of people 808 00:40:13,560 --> 00:40:16,040 thought that him and I were like fighting, but we ended up like 809 00:40:16,040 --> 00:40:17,200 just agreeing on a bunch of stuff. 810 00:40:17,920 --> 00:40:21,760 So grill dot ETH. Goes, what the fuck is this 811 00:40:21,760 --> 00:40:25,760 shit? And then and then and then goes. 812 00:40:25,760 --> 00:40:28,360 I'm in 15 of your NFTS to show support and then buy more on the 813 00:40:28,360 --> 00:40:29,800 floor. I didn't give you ease to build 814 00:40:29,800 --> 00:40:31,880 a fucking exclusive keyboard that no one asked for. 815 00:40:32,040 --> 00:40:33,920 You had one job and you failed so far. 816 00:40:33,920 --> 00:40:36,280 You should be absolutely ashamed doing your community in like 817 00:40:36,280 --> 00:40:37,400 this. And so obviously that went 818 00:40:37,400 --> 00:40:38,840 haywire, like that went completely viral. 819 00:40:39,000 --> 00:40:42,320 I think it was a couple days ago, 285,000 views on the tweet. 820 00:40:42,680 --> 00:40:44,640 You know, hundreds of her tweets, likes, etcetera, 821 00:40:44,640 --> 00:40:47,520 etcetera, etcetera obviously which leads to like even more 822 00:40:47,520 --> 00:40:50,880 back and forth on the timeline, a lot of people chiming in on 823 00:40:50,880 --> 00:40:54,720 that And then and then and then and then you have you know Ding 824 00:40:54,720 --> 00:40:59,120 a Ling chat, you know, collector, founder, enormous 825 00:40:59,120 --> 00:41:04,040 support of the space as well who you know who who chimed in. 826 00:41:04,280 --> 00:41:09,880 But this time I bought another project which is AOF first I 827 00:41:09,880 --> 00:41:12,400 believe saying that you know he's dumped all his assets, 828 00:41:12,400 --> 00:41:14,960 that's his words and that he know he wants nothing to do with 829 00:41:14,960 --> 00:41:18,440 the project because nothing happened and then backs it also 830 00:41:18,440 --> 00:41:19,680 with another tweet. No there it is. 831 00:41:19,680 --> 00:41:23,480 So it's this one saying dumped 143 AOF verse founders keys 832 00:41:23,480 --> 00:41:26,120 after the team's latest update taking about a 60 ETH loss 833 00:41:26,120 --> 00:41:28,640 overall. I usually just let NFTS in my 834 00:41:28,640 --> 00:41:30,560 wallet go to 0. But teams like this that don't 835 00:41:30,560 --> 00:41:32,440 appreciate their community don't belong in web three. 836 00:41:32,680 --> 00:41:34,640 Why even launch an NFT collection? 837 00:41:34,880 --> 00:41:36,640 Good luck. And then he backs it with 838 00:41:36,640 --> 00:41:39,320 another tweet saying I used to hold. 839 00:41:39,920 --> 00:41:43,600 I used to just hold a slow rug NFTS to 0 because I don't want 840 00:41:43,600 --> 00:41:46,000 to dump on the NFT holders. They did nothing wrong. 841 00:41:46,440 --> 00:41:49,760 But now thinking about it from another angle, we should be more 842 00:41:49,760 --> 00:41:52,360 proactive in holding teams accountable. 843 00:41:52,360 --> 00:41:55,880 Otherwise we'll just keep getting rugged over and over 844 00:41:55,880 --> 00:41:59,160 again. I mean, I went on yesterday, I 845 00:41:59,160 --> 00:42:03,680 had some thoughts, what do you guys think it's like here, like 846 00:42:03,960 --> 00:42:06,520 what's happening? I mean I for me like I think 847 00:42:06,520 --> 00:42:09,440 this is more of a specific thing to the ETH NFT ecosystem for the 848 00:42:09,440 --> 00:42:13,120 reason that like the salon NFT ecosystem is like yeah 2020 was 849 00:42:13,120 --> 00:42:16,560 some projects obviously a lot of like vaporware at some point but 850 00:42:16,560 --> 00:42:18,840 right now it seems like a lot of the top prizes have their shit 851 00:42:18,840 --> 00:42:21,560 going on for for them like tensor Tensorians. 852 00:42:21,880 --> 00:42:24,240 You look at mad lads you look at a few other ones. 853 00:42:24,960 --> 00:42:27,720 ETH bitcoin's just too young to go and judge the entire 854 00:42:27,720 --> 00:42:31,600 ecosystem yet so mean specifically to ETH ecosystem. 855 00:42:31,600 --> 00:42:34,520 So yesterday I went on Djans right shameless plug here. 856 00:42:34,520 --> 00:42:39,160 So I went on your stuff and I pulled up the top 20 ETH NFT 857 00:42:39,160 --> 00:42:43,720 projects by floor price. And this is not like this is not 858 00:42:43,720 --> 00:42:45,440 me trying to like Donk or whatever. 859 00:42:46,080 --> 00:42:48,560 I could not name maybe more than three to five teams that 860 00:42:48,560 --> 00:42:51,920 genuinely are actually building a sustainable business that 861 00:42:51,920 --> 00:42:56,440 could potentially generate like you know, cash flow, like a 862 00:42:56,440 --> 00:43:00,000 positive cash flow business or anything for the matter or a 863 00:43:00,000 --> 00:43:03,200 project that has done anything more than events. 864 00:43:03,520 --> 00:43:06,120 But that then went on the timeline and that was Alex Sling 865 00:43:06,120 --> 00:43:07,520 also said that but we did events. 866 00:43:08,560 --> 00:43:10,960 Events is like a byproduct of what you should be doing for 867 00:43:10,960 --> 00:43:12,520 your community. Mind you they charge you for 868 00:43:12,520 --> 00:43:14,680 everything in there after you paid for the event for us with 869 00:43:14,760 --> 00:43:16,960 Holder. So what do you think here what 870 00:43:16,960 --> 00:43:20,080 is what is the problem? Is it is it an adoption problem 871 00:43:20,080 --> 00:43:22,120 is it one of those things where OK we're going to sweep it under 872 00:43:22,120 --> 00:43:25,560 the rock saying we're too early is it a what's the issue here 873 00:43:26,040 --> 00:43:30,000 How come the top projects there's fuck all being done. 874 00:43:30,600 --> 00:43:32,720 And honestly like a lot. I talked to a lot of founders 875 00:43:32,720 --> 00:43:34,960 and like I see you all like on the timeline tagging me. 876 00:43:34,960 --> 00:43:36,720 But look at this, I I read a lot of it. 877 00:43:37,760 --> 00:43:40,080 A lot of like, little projects doing much more than the top 878 00:43:40,080 --> 00:43:41,920 ones, honestly. And they don't care about their 879 00:43:41,920 --> 00:43:43,040 full price. So what do you guys think here? 880 00:43:43,040 --> 00:43:45,720 I kind of want to ask you too, what is going on in this space 881 00:43:45,720 --> 00:43:48,280 right now? Why can't we fucking get the 882 00:43:48,280 --> 00:43:50,760 right shit built by the right people, right? 883 00:43:51,640 --> 00:43:52,400 I don't know. I think. 884 00:43:52,440 --> 00:43:55,440 I think there's a there is so many fucking things to to to 885 00:43:55,520 --> 00:43:58,720 pump back there. But I don't know if this is like 886 00:43:58,720 --> 00:44:01,160 me being slightly more cynical, but like I also think this is 887 00:44:01,160 --> 00:44:03,600 like just the nature of the space that we like to gamble. 888 00:44:03,600 --> 00:44:06,400 Like, yeah, like these big holders coming in and being 889 00:44:06,400 --> 00:44:08,440 like, oh, you know, I wish you built that. 890 00:44:08,440 --> 00:44:11,680 Like every everyone's coming in for the pump at the same time 891 00:44:11,680 --> 00:44:14,280 like there are very, there is that community aspect of it. 892 00:44:14,280 --> 00:44:18,000 But let's be honest, it doesn't need to be 1 E, 2 E, 5 E, 10 E, 893 00:44:18,000 --> 00:44:21,840 10 E Like part of that is, is is they're just about like 894 00:44:21,840 --> 00:44:25,960 narratives and and and pumps. And you've seen that 895 00:44:26,600 --> 00:44:29,560 spectacularly get taken out even by VCs at just hilarious 896 00:44:29,560 --> 00:44:31,720 valuations and they've realised actually there was nothing 897 00:44:31,720 --> 00:44:35,400 really really there either. So I think, look, I do love 898 00:44:35,400 --> 00:44:38,000 crypto and that has this own community and I do think NFTS 899 00:44:38,000 --> 00:44:41,760 are a really good way to perhaps bring some of those communities 900 00:44:41,760 --> 00:44:44,240 together. But I don't know how much you 901 00:44:44,240 --> 00:44:49,160 can necessarily overly expect, particularly on ETH where there 902 00:44:49,160 --> 00:44:52,640 have been no trading fees paid for any utility for for a long 903 00:44:52,640 --> 00:44:54,160 long time. So you're really just going off 904 00:44:54,160 --> 00:44:56,920 initial mints. So like, the incentive thing, 905 00:44:56,920 --> 00:45:00,480 there's a lot of money, yeah. But the incentive to keep it up. 906 00:45:00,680 --> 00:45:03,120 And like, I'm just telling you, like, just the way that humans 907 00:45:03,120 --> 00:45:06,760 are, Like, they often will not decide to keep it up. 908 00:45:06,760 --> 00:45:09,120 Like, but it's like, even the way that he was describing that 909 00:45:09,120 --> 00:45:10,440 is like, he's going to sell you another product. 910 00:45:10,600 --> 00:45:12,480 He's going to sell you a mechanical keyboard. 911 00:45:12,480 --> 00:45:18,360 Like, who gives a shit? So I think the incentives have 912 00:45:19,040 --> 00:45:21,520 moved away from the ETH market. So I think you're gonna see so 913 00:45:21,520 --> 00:45:23,920 many more of these like projects would basically have stopped 914 00:45:23,920 --> 00:45:25,960 doing anything for a long time. Then bring out another product 915 00:45:25,960 --> 00:45:30,480 which you have to be a part of because the the the business 916 00:45:30,480 --> 00:45:33,240 model broke. I I feel sympathy. 917 00:45:34,120 --> 00:45:37,040 I also just think there's just a lot of gambling going on. 918 00:45:37,040 --> 00:45:39,720 So like I for. Who on what side? 919 00:45:40,080 --> 00:45:41,920 The holders. I feel sympathy on the holder 920 00:45:41,920 --> 00:45:44,080 side, yeah, yeah. But I also like, I'm not sitting 921 00:45:44,080 --> 00:45:47,960 there like I kind of I kind of believe in the Ding a Ling first 922 00:45:47,960 --> 00:45:50,320 one where you just, you just let it go to 0 like it was a bet. 923 00:45:50,520 --> 00:45:53,600 We're not sitting here going like I bought blue chip stocks 924 00:45:53,880 --> 00:46:00,160 like we we we you bought like promises from cartoon jpegs. 925 00:46:00,160 --> 00:46:03,880 So like it's it's you have to understand that we're not we're 926 00:46:03,880 --> 00:46:06,840 not like I don't know you're not you're not you're not dealing 927 00:46:06,840 --> 00:46:09,160 with the 1% of like entrepreneurs in this space. 928 00:46:09,320 --> 00:46:14,120 You bought somebody's narrative from a kind of a nobody often 929 00:46:14,360 --> 00:46:17,960 like, don't, then turn around and be like, Oh my God, like, I 930 00:46:17,960 --> 00:46:19,360 cannot believe this has happened. 931 00:46:19,560 --> 00:46:25,000 It this shit happens like this is like VC investing to like mix 932 00:46:25,000 --> 00:46:28,800 with meme points like. OK, so you're you're saying, and 933 00:46:28,840 --> 00:46:31,960 I've read that a lot yesterday after tweeting out stuff like 934 00:46:31,960 --> 00:46:34,600 that. Is that the the gambling nature 935 00:46:34,600 --> 00:46:38,520 of the space makes it that, you know, it's really more centered 936 00:46:38,520 --> 00:46:41,560 around hype than tension and marketing gimmicks than like 937 00:46:41,560 --> 00:46:44,840 actual execution, right? But you know, over it won't go 938 00:46:44,840 --> 00:46:47,840 to you. But it's like how come it seems 939 00:46:47,840 --> 00:46:51,280 that every single time. And I'd love to be counter 940 00:46:51,280 --> 00:46:53,520 examples. People can tweet at us if you 941 00:46:53,520 --> 00:46:56,200 want or in the comments. I'm reading on YouTube and X 942 00:46:56,200 --> 00:46:57,480 live. I'm reading live as you guys 943 00:46:57,480 --> 00:47:00,400 type. But how come that every time 944 00:47:00,400 --> 00:47:03,320 there's a project that raises an absurd amount of money, there's 945 00:47:03,400 --> 00:47:05,600 absolutely nothing that comes out of it. 946 00:47:05,920 --> 00:47:09,560 I mean you guys sold NFTS once not to toot you guys horns. 947 00:47:09,800 --> 00:47:12,800 It was like 2 years ago, right? That meant for D Jens originally 948 00:47:13,360 --> 00:47:16,480 you have built a lot of value back to your holders. 949 00:47:16,560 --> 00:47:19,000 Like as a holder I meant that you I didn't even know you guys. 950 00:47:19,000 --> 00:47:20,400 I just meant that you're shit 'cause I thought you guys were 951 00:47:20,400 --> 00:47:23,280 cool honestly two years ago in 21. 952 00:47:23,320 --> 00:47:24,720 So I got it. Then I got the wreck. 953 00:47:24,720 --> 00:47:27,320 I got a lot of value from it, but also without insane. 954 00:47:27,480 --> 00:47:30,120 You guys never said expectations crazy, but like now you have the 955 00:47:30,120 --> 00:47:32,120 D Jens finance thing. Like obviously we see like you 956 00:47:32,120 --> 00:47:34,720 have built tools, right? That people use and I don't 957 00:47:34,720 --> 00:47:37,880 think you guys raise money nor did you sell a lot of NFTS and 958 00:47:37,880 --> 00:47:41,600 reckon I was a free man. But then you have like a lot of 959 00:47:41,600 --> 00:47:45,640 projects that we hear raises like 1020, fifty $100 million 960 00:47:46,400 --> 00:47:50,040 and there's nothing going on. And this is where last night I'm 961 00:47:50,040 --> 00:47:54,400 like fuck like what's happening? Cause like, yeah, we sold NFTS 962 00:47:54,400 --> 00:47:57,280 personally speaking on rock radio two years ago, but we've 963 00:47:57,280 --> 00:47:59,520 been showing for the last two fucking years that we're 964 00:47:59,680 --> 00:48:02,120 executing and at least trying to do something. 965 00:48:02,560 --> 00:48:05,960 And I feel like our our, like our space is just missing grit. 966 00:48:06,440 --> 00:48:08,520 Like I don't know why. Is it because of this space? 967 00:48:08,520 --> 00:48:10,040 Is it this? Am I like being too critical of 968 00:48:10,040 --> 00:48:13,000 like web three and the NFT space like or am I not being like, 969 00:48:13,160 --> 00:48:16,560 it's like my friends that are founders in web two they don't 970 00:48:16,560 --> 00:48:19,520 just fucking stop after six months of not getting likes on 971 00:48:19,520 --> 00:48:21,520 Twitter, bro. Like they don't just stop 972 00:48:21,520 --> 00:48:23,520 building. They don't just stop. 973 00:48:24,000 --> 00:48:26,680 They try, they try, they try. Some of them I invested in like 974 00:48:26,680 --> 00:48:28,520 they still in emails. Hey guys like we're running out 975 00:48:28,520 --> 00:48:30,800 of cash. We're cut our salaries, we're 976 00:48:30,800 --> 00:48:32,960 still trying. This is what's happening. 977 00:48:33,040 --> 00:48:36,080 They're not just stopping like they're fucking trying. 978 00:48:36,560 --> 00:48:40,360 And it feels like here, like the second oh, like Alex Lynn, like 979 00:48:40,360 --> 00:48:42,760 I'm sorry about the guys, like, oh, we dropped the ball last 980 00:48:42,760 --> 00:48:44,840 year. The fuck you mean you dropped 981 00:48:44,840 --> 00:48:48,040 the fucking ball? You raised 15,000,000 from VC 982 00:48:48,040 --> 00:48:50,160 and a .5 eighth man. Like another 5 million. 983 00:48:50,800 --> 00:48:54,400 But when Kevin Rose in Proof raises 50 fucking $1,000,000, 984 00:48:54,400 --> 00:48:57,760 like or like a lot of other projects, what do you mean you 985 00:48:57,760 --> 00:49:01,200 dropped the ball? What do you mean drop the ball? 986 00:49:01,200 --> 00:49:04,560 What? Like you can't even, like, do 987 00:49:04,560 --> 00:49:05,800 something? Like, I don't get it. 988 00:49:05,840 --> 00:49:07,720 Like, maybe it's because, like, we're built different and we're 989 00:49:07,720 --> 00:49:10,840 built to just build. But it's just like, even at 990 00:49:10,840 --> 00:49:12,840 times where I was like, fuck this, like I'm done. 991 00:49:12,840 --> 00:49:14,360 Like this is too tiring. It's too hard. 992 00:49:14,360 --> 00:49:16,600 Like fucking kept going, dude, you were there, man. 993 00:49:16,600 --> 00:49:19,080 Though, you picked me up, I was on the ground and then we just 994 00:49:19,080 --> 00:49:20,320 kept going. I just don't get it. 995 00:49:20,320 --> 00:49:22,560 I mean, OK, what do you think? You're also a founder, you're an 996 00:49:22,560 --> 00:49:24,080 artist. You guys have built stuff in 997 00:49:24,080 --> 00:49:25,680 this space. You have been criticals of 998 00:49:25,680 --> 00:49:27,480 projects in the past, actually on the show as well. 999 00:49:27,800 --> 00:49:29,440 But what is it? What is it with these projects 1000 00:49:29,440 --> 00:49:30,880 that raise an insert amount of money? 1001 00:49:30,880 --> 00:49:33,720 I'm not talking about the small founders, the mom and pop shops 1002 00:49:33,720 --> 00:49:36,160 of this space that have no money, low floor prices, But 1003 00:49:36,160 --> 00:49:38,760 they're still trying, trying the big ones, the top 20. 1004 00:49:39,680 --> 00:49:41,200 We can't seem to get shit out of it. 1005 00:49:41,400 --> 00:49:45,800 Why I just? I just think like lots of people 1006 00:49:45,800 --> 00:49:48,440 are very good at marketing and obviously very good at raising 1007 00:49:48,440 --> 00:49:50,120 capital. Well, they're not good at 1008 00:49:50,120 --> 00:49:52,000 raising capital. People are very easy to part 1009 00:49:52,000 --> 00:49:54,000 with their capital in this space because everyone wants a DJ. 1010 00:49:54,000 --> 00:49:56,720 And so I think people recognize the opportunity and come in and 1011 00:49:56,720 --> 00:49:59,760 try and just do something and they realize they can just raise 1012 00:49:59,760 --> 00:50:01,920 money and have a go at something and they may not well be 1013 00:50:01,920 --> 00:50:04,560 qualified. And you know, if if you take 1014 00:50:04,640 --> 00:50:07,080 your skill set and your background and you try and raise 1015 00:50:07,080 --> 00:50:11,240 capital to like investors, you have to go through a lot more 1016 00:50:11,240 --> 00:50:12,320 hurdles before you get that money. 1017 00:50:12,320 --> 00:50:13,600 But in this space there are no hurdles. 1018 00:50:13,600 --> 00:50:16,000 It's just like you just fucking say market something really well 1019 00:50:16,000 --> 00:50:18,400 and everyone just DJs into it and maybe they make money at the 1020 00:50:18,400 --> 00:50:19,640 beginning. And then the, you know, 1021 00:50:19,880 --> 00:50:21,840 inevitably unless you actually have a good idea and some 1022 00:50:21,840 --> 00:50:23,880 substance behind the project, it just trends to zero. 1023 00:50:24,400 --> 00:50:26,880 And sometimes I bet you some of these founders aren't even like 1024 00:50:26,880 --> 00:50:28,960 cashing out themselves. They're like hired all these 1025 00:50:28,960 --> 00:50:30,720 different people and all that kind of stuff, they're trying to 1026 00:50:30,720 --> 00:50:31,960 build something and it just doesn't work. 1027 00:50:31,960 --> 00:50:34,320 And I just think it's because you you don't really have a 1028 00:50:34,320 --> 00:50:35,760 business model that is a good business model. 1029 00:50:35,760 --> 00:50:39,320 And it's no different to in a startup world where like 99% of 1030 00:50:39,320 --> 00:50:42,160 startups also fail. But you know this space is like 1031 00:50:42,160 --> 00:50:46,600 much more public in in your face and there's a building in public 1032 00:50:46,600 --> 00:50:48,920 and you know you're in a forum, which is Twitter, where everyone 1033 00:50:48,920 --> 00:50:50,720 is talking about you know these things. 1034 00:50:50,720 --> 00:50:54,080 That doesn't always happen with like with you know, crowdfunding 1035 00:50:54,080 --> 00:50:55,240 and private investments and stuff. 1036 00:50:55,240 --> 00:50:58,120 But you know that's not to like say everyone should get a blank 1037 00:50:59,440 --> 00:51:01,560 you know carte blanche to to come in and and do this. 1038 00:51:01,560 --> 00:51:03,760 I just think some people are good and some people are bad. 1039 00:51:03,760 --> 00:51:08,280 And I think you know as it's it's it's on the founders that 1040 00:51:08,280 --> 00:51:12,160 we should uphold founders to a, you know to a higher standard. 1041 00:51:12,160 --> 00:51:15,680 But it's also kind of like on the the NFTD games as well Like 1042 00:51:15,680 --> 00:51:17,520 what the fuck did you think like these guys are going to come in 1043 00:51:17,520 --> 00:51:20,000 and like make the next Disney like that's kind of on you for 1044 00:51:20,040 --> 00:51:23,480 for messing that up as well. So I think the blame lies on 1045 00:51:23,480 --> 00:51:26,680 both both sides of the coin in my opinion. 1046 00:51:26,680 --> 00:51:28,760 And yeah maybe there's an element of like you know if if 1047 00:51:28,760 --> 00:51:31,280 Ding a Ling some people, someone will literally be like Oh well 1048 00:51:31,280 --> 00:51:34,040 Ding a Ling holds 200 of this. Like, I'm never going to sell 1049 00:51:34,040 --> 00:51:35,320 this. Well, like, you know, if 1050 00:51:35,320 --> 00:51:37,920 Dingling did start dumping all the shit, then people would be 1051 00:51:37,920 --> 00:51:39,560 like, oh fuck, like this is. I mean, I'm never going to touch 1052 00:51:39,560 --> 00:51:41,880 anything from these guys again. I'm not going to keep holding my 1053 00:51:41,880 --> 00:51:42,720 bags here. Whatever. 1054 00:51:42,760 --> 00:51:44,160 Oh, bad. I think Dingling should do what 1055 00:51:44,160 --> 00:51:46,320 he needs to do, because he's the one who bet bigger on these 1056 00:51:46,320 --> 00:51:48,320 people. Like, for what it's worth, Like 1057 00:51:48,840 --> 00:51:51,080 he puts so much money in the ecosystem. 1058 00:51:51,200 --> 00:51:53,160 Well, for him, like the money he the money he bets. 1059 00:51:53,720 --> 00:51:55,680 The money he bets as a proportion of his wealth is 1060 00:51:55,680 --> 00:51:59,720 probably the same as someone who buys, you know, Yeah, exactly. 1061 00:51:59,720 --> 00:52:02,600 For him it's it's probably nothing because you know the 1062 00:52:02,600 --> 00:52:05,280 guy's clearly a well, but people follow him like people like 1063 00:52:05,640 --> 00:52:08,640 alpha groups will be like oh like Dylan just swept hundred of 1064 00:52:08,640 --> 00:52:10,600 these like let's all go in and they all go in and the next 1065 00:52:10,600 --> 00:52:13,840 thing you know like the things fucking caught with his pants 1066 00:52:13,840 --> 00:52:18,840 down because because because there's nothing there, so. 1067 00:52:20,760 --> 00:52:22,600 Let's let's use an example of what happened recently. 1068 00:52:22,600 --> 00:52:25,760 Like it's just changing crypto undeads and nothing wrong with 1069 00:52:25,760 --> 00:52:27,720 crypto undeads. I'm just using this as a recent 1070 00:52:27,720 --> 00:52:29,680 hyped mint. What was Crypto Undeads? 1071 00:52:31,040 --> 00:52:33,080 I don't know, but he gets benefit of the doubt until he 1072 00:52:33,080 --> 00:52:34,720 fucks it up or not. What? 1073 00:52:34,720 --> 00:52:37,360 I mean, no one's calling it out beforehand. 1074 00:52:37,640 --> 00:52:40,600 Everyone is in it. A lot of people try, but I get 1075 00:52:40,600 --> 00:52:41,600 what you mean. I know what you mean. 1076 00:52:41,720 --> 00:52:44,440 I know what you mean. Traders and founders are in it 1077 00:52:44,440 --> 00:52:48,600 for the idea that this can sometime somehow catch on. 1078 00:52:48,600 --> 00:52:52,240 Like it was really just good marketing and and some hype and 1079 00:52:52,240 --> 00:52:57,240 now he's got a a apartment. But if that fails, yes, like, 1080 00:52:57,240 --> 00:52:59,920 but like I also was there at that mint and we weren't sitting 1081 00:52:59,920 --> 00:53:03,480 there going like no, no, there's not enough due diligence in this 1082 00:53:03,480 --> 00:53:05,560 guy. Miss needs like everyone was in 1083 00:53:05,560 --> 00:53:09,400 it for the same pump for the revealer, it is, it is. 1084 00:53:09,640 --> 00:53:12,120 There is portions of blame here for everyone. 1085 00:53:12,800 --> 00:53:15,600 It just gets messy When then everyone realizes it's not going 1086 00:53:15,600 --> 00:53:17,440 to work out and then everyone starts pointing fingers. 1087 00:53:17,640 --> 00:53:19,600 I do. I'm not saying that these 1088 00:53:19,600 --> 00:53:22,520 founders should just be like oh, you can get away with that like 1089 00:53:22,520 --> 00:53:26,880 they are clearly they clearly should be should be accountable. 1090 00:53:26,880 --> 00:53:30,360 But like, if you see a hyped mint and it doesn't work out 1091 00:53:30,360 --> 00:53:35,720 like it was hyped by everyone. It was hyped by by the community 1092 00:53:35,760 --> 00:53:37,800 all calling for 1000 X because they wanted it. 1093 00:53:37,800 --> 00:53:39,080 They wanted the gamble. They wanted the. 1094 00:53:39,080 --> 00:53:41,960 Like when the Valhalla thing was going on, a lot of people were 1095 00:53:41,960 --> 00:53:44,960 pushing that, a lot of people and I remember. 1096 00:53:45,480 --> 00:53:47,080 Exact time. I agree that there was some 1097 00:53:47,080 --> 00:53:47,600 fighting. You know who? 1098 00:53:47,600 --> 00:53:49,880 Was the only person fighting Valhalla on the timeline? 1099 00:53:51,400 --> 00:53:52,360 Yeah, it was chilling. That's. 1100 00:53:53,840 --> 00:53:56,600 Funny people haven't got that stuff. 1101 00:53:57,280 --> 00:53:59,280 It was known there. So, like, I think, I think it's 1102 00:53:59,280 --> 00:54:01,320 probably right because they'd really defended themselves at 1103 00:54:01,320 --> 00:54:03,800 that time and they've gone on absolutely Jack shit. 1104 00:54:03,800 --> 00:54:06,480 But like, this stuff happens every week. 1105 00:54:06,760 --> 00:54:09,880 Like even the Mint. Like, I guess Quantum Cancer is 1106 00:54:09,880 --> 00:54:11,160 a good example because they got taproot. 1107 00:54:11,160 --> 00:54:13,760 But these these hype mints, they come every week, right? 1108 00:54:14,440 --> 00:54:16,120 And they are often unfound, funded. 1109 00:54:16,120 --> 00:54:17,720 It's just like, oh, they've got 1000. 1110 00:54:17,720 --> 00:54:19,760 They've got like ether. Remember the ether mint? 1111 00:54:20,880 --> 00:54:21,720 No. Exactly. 1112 00:54:21,720 --> 00:54:22,560 Right. Like that was like. 1113 00:54:22,560 --> 00:54:23,360 Remember it? But. 1114 00:54:23,520 --> 00:54:24,640 But I don't. You're right. 1115 00:54:24,640 --> 00:54:26,720 No, in that sense. Like, what the fuck happened 1116 00:54:26,720 --> 00:54:29,800 there too? For like there's so many of 1117 00:54:29,800 --> 00:54:32,000 these dudes like these, I'm super hyping mint. 1118 00:54:32,040 --> 00:54:35,280 Everyone's in it for like the the idea of it catching on 1119 00:54:35,400 --> 00:54:39,520 doesn't quite work out. So all I would say is going 1120 00:54:39,520 --> 00:54:42,120 forward, know that these things happen every week. 1121 00:54:42,560 --> 00:54:50,360 Nova I've only ever ever seen the Azuki Mint be a well, you 1122 00:54:50,360 --> 00:54:52,560 know that they've done well from a hype bin. 1123 00:54:52,560 --> 00:54:54,600 I don't know. I don't think like board eights 1124 00:54:54,600 --> 00:54:56,200 was like, I go through that top 20. 1125 00:54:56,200 --> 00:54:57,640 None of them, or at least. No one. 1126 00:54:57,680 --> 00:54:59,480 No one was a quarterly. 8 men, bro. 1127 00:54:59,520 --> 00:55:01,600 That's like nobody can even say anything at this stage. 1128 00:55:01,600 --> 00:55:03,840 She was like, fucking. Nothing. 1129 00:55:03,840 --> 00:55:06,680 Just know that that's the case. Know that every everyone is kind 1130 00:55:06,680 --> 00:55:10,040 of responsible for it and don't go in there like assuming that 1131 00:55:10,040 --> 00:55:12,840 there's gonna be some crazy thing expected. 1132 00:55:14,280 --> 00:55:17,560 But at the same time like yeah I, I, I mean me and myself of 1133 00:55:17,560 --> 00:55:22,360 this even chat about like meme coins like like you know we've 1134 00:55:22,360 --> 00:55:25,720 spoken about it before like I think everyone isn't it for me 1135 00:55:25,720 --> 00:55:28,360 like some people have this really really bad view of me the 1136 00:55:28,360 --> 00:55:31,800 meme coin creative. But I I also think that the meme 1137 00:55:31,800 --> 00:55:34,600 coin, the person, like the second person to buy the meme 1138 00:55:34,600 --> 00:55:36,040 coin the third person to buy the meme coin. 1139 00:55:36,040 --> 00:55:40,600 Like there is an everyone about this this world. 1140 00:55:40,600 --> 00:55:43,880 Like the the original creator of the of the thing we're all going 1141 00:55:43,880 --> 00:55:46,800 to speculate on. They have obviously a tribute, 1142 00:55:47,000 --> 00:55:50,000 like they have some blame, but everyone is involved in also 1143 00:55:50,000 --> 00:55:51,840 trying to pump up these narratives and sometimes it 1144 00:55:51,840 --> 00:55:55,080 works out. So you got to accept that you're 1145 00:55:55,080 --> 00:55:57,680 in that world. Yeah, that's fair. 1146 00:55:57,680 --> 00:55:59,000 That's fair. I mean, it goes back to Kobe's 1147 00:55:59,000 --> 00:56:01,680 comment last year or two years ago about being NFCS, being all 1148 00:56:01,680 --> 00:56:03,920 coins with pictures. But it's just crazy to me, like 1149 00:56:03,920 --> 00:56:05,760 when you hear about these massive raises and I'm like, 1150 00:56:05,760 --> 00:56:07,080 what are they doing with that cash? 1151 00:56:07,080 --> 00:56:08,960 Like we know what we're doing with our money. 1152 00:56:08,960 --> 00:56:11,120 I mean, it's public for us with we have another town hall 1153 00:56:11,120 --> 00:56:13,120 fucking tomorrow like we do every end of the month and we 1154 00:56:13,120 --> 00:56:14,640 present to people where the money's going. 1155 00:56:15,560 --> 00:56:19,320 But it's like, why? It's just it's just it's a 1156 00:56:19,360 --> 00:56:21,000 fucking. Business like you're you're a 1157 00:56:21,000 --> 00:56:22,880 real business. I think we've even tried to not 1158 00:56:22,880 --> 00:56:24,520 do. I mean D Gen's was a paid mint 1159 00:56:24,520 --> 00:56:26,960 but after that we've like we haven't even everything's 1160 00:56:26,960 --> 00:56:28,240 basically been free right. It's. 1161 00:56:28,920 --> 00:56:30,960 Free on your end. But I'm not even saying that 1162 00:56:30,960 --> 00:56:33,320 people should follow what you guys did or that what we're 1163 00:56:33,320 --> 00:56:35,400 doing we're ultra transparent with how we spend our money, 1164 00:56:35,400 --> 00:56:37,600 sometimes to our disadvantage, right? 1165 00:56:38,120 --> 00:56:41,920 But cuz sometimes involving the community even too much can lead 1166 00:56:41,920 --> 00:56:46,360 to a balance of things that can hurt, right? 1167 00:56:46,360 --> 00:56:48,960 But for us it's worked very well cuz we're community's really 1168 00:56:48,960 --> 00:56:50,400 awesome, right? It's really smart people. 1169 00:56:50,400 --> 00:56:53,560 They're supportive, they love the mission and they're in it 1170 00:56:53,560 --> 00:56:55,720 for a long run. But for you guys, it's like, 1171 00:56:55,720 --> 00:56:57,360 you're right. Like also the death of the 1172 00:56:57,360 --> 00:57:01,200 royalty now disincentivizes you from doing anything on the long 1173 00:57:01,200 --> 00:57:02,520 run. But I just don't understand the 1174 00:57:02,520 --> 00:57:05,360 mints that get like 10/15/20 mil up front and then there's 1175 00:57:05,360 --> 00:57:07,160 nothing coming out of it. And then Mr. sees in the 1176 00:57:07,160 --> 00:57:08,560 comments asking the right questions. 1177 00:57:08,760 --> 00:57:10,840 He goes, what do you want them to build? 1178 00:57:11,760 --> 00:57:13,320 He goes, do they even know what the people want? 1179 00:57:13,680 --> 00:57:15,040 Does the community even know what they want? 1180 00:57:15,040 --> 00:57:16,720 The answer to the community does not know what they want. 1181 00:57:17,000 --> 00:57:18,480 Most of the time. The community just wants one 1182 00:57:18,480 --> 00:57:20,440 thing is the price go up, right? Like the most people that were 1183 00:57:20,440 --> 00:57:22,520 sad about Quantum Cast and discord of people that want to 1184 00:57:22,520 --> 00:57:24,400 mint and sell. Some people actually want to be 1185 00:57:24,400 --> 00:57:25,480 part of the community member wars. 1186 00:57:25,480 --> 00:57:26,800 Right. So you're right in that sense 1187 00:57:27,560 --> 00:57:31,600 Mr. C But when he goes what you want them to build, I think a 1188 00:57:31,600 --> 00:57:34,080 lot of the I think these are questions that you need to ask 1189 00:57:34,080 --> 00:57:37,360 yourself before minting something or forget the mint. 1190 00:57:37,360 --> 00:57:39,320 Because sometimes the mint's worth it because you flip it, 1191 00:57:39,520 --> 00:57:42,160 but like buy into something after the Mint with your hard 1192 00:57:42,160 --> 00:57:44,520 earned money. Because those questions are 1193 00:57:44,520 --> 00:57:45,920 often questions that the founders don't even know 1194 00:57:45,920 --> 00:57:49,520 themselves have answers to. What did people undeads like? 1195 00:57:49,520 --> 00:57:50,840 What? What do you what does the crypto 1196 00:57:50,840 --> 00:57:52,920 undead like? Just it's just happening. 1197 00:57:52,960 --> 00:57:54,840 It just happened last week. It's very system. 1198 00:57:55,920 --> 00:57:59,200 Same as he's using that example because it's the newest example. 1199 00:57:59,200 --> 00:58:00,440 Don't you know how it's going to? 1200 00:58:00,440 --> 00:58:01,760 Happen. It happens every week. 1201 00:58:01,840 --> 00:58:05,360 There's just no like crypto undeads, they might absolutely 1202 00:58:05,360 --> 00:58:06,960 crush it. And this just goes like, I'm not 1203 00:58:06,960 --> 00:58:09,720 saying that, I'm just. Yesterday I didn't listen, but 1204 00:58:09,720 --> 00:58:11,880 look, Price stayed the same. People liked it. 1205 00:58:12,480 --> 00:58:14,920 And it only gets we only get annoyed because the price goes 1206 00:58:14,920 --> 00:58:16,480 down and never really caught on. Like I don't. 1207 00:58:16,480 --> 00:58:18,320 I I agree with that people. Don't even know. 1208 00:58:18,320 --> 00:58:19,600 I just think this time is different though. 1209 00:58:19,600 --> 00:58:22,960 I think this time when Ding a Ling and Grail spoke up, 1210 00:58:23,360 --> 00:58:26,520 especially Grail, who really like I've been chatting with him 1211 00:58:26,520 --> 00:58:29,080 also in private. But like like where he really 1212 00:58:29,080 --> 00:58:33,440 spoke up is like he was so pissed because of the promises 1213 00:58:33,680 --> 00:58:37,160 and a year of nothing. Like a lot of people in 23, that 1214 00:58:37,160 --> 00:58:40,640 was the man. As a founder, if you fumble 23, 1215 00:58:40,640 --> 00:58:44,320 you miss the greatest opportunity of your life to show 1216 00:58:44,320 --> 00:58:46,520 people that you're in it to win it. 1217 00:58:47,320 --> 00:58:49,920 Like I remember all of us and a lot of founders around us, we're 1218 00:58:49,920 --> 00:58:52,800 like, fuck it, we're going to triple quadruple 10X during this 1219 00:58:52,800 --> 00:58:54,160 year even though it's fucking sucks. 1220 00:58:54,560 --> 00:58:57,520 All our finances are wrecked. We all lost 80% of our net worth 1221 00:58:57,520 --> 00:59:00,080 and our personal money. We all lost a ton of money on 1222 00:59:00,080 --> 00:59:02,160 NFTS. But like, fuck it, let's go and 1223 00:59:02,160 --> 00:59:05,240 figure something out because when we come out in 2024 in 1224 00:59:05,240 --> 00:59:07,760 20/20/25, people are going to be saying, hey, these people hung 1225 00:59:07,760 --> 00:59:09,560 tight and put something in the bear market. 1226 00:59:09,560 --> 00:59:11,640 So I don't know, I just, I just thought it was interesting. 1227 00:59:11,640 --> 00:59:13,160 We're not going to go over their next topics. 1228 00:59:13,160 --> 00:59:16,000 I guess I'm going to push the Binance thing again, but that's 1229 00:59:16,000 --> 00:59:17,560 interesting one too. I started thinking like, right 1230 00:59:17,560 --> 00:59:19,320 about it. And I see we're way over time, 1231 00:59:19,320 --> 00:59:21,640 but I don't know. And I just thought this was 1232 00:59:21,640 --> 00:59:24,480 interesting And you know, I was talking to us about how the bar 1233 00:59:24,480 --> 00:59:27,000 is so low and it's just, I don't know. 1234 00:59:27,000 --> 00:59:28,360 I just feel the bar is low. That's it. 1235 00:59:28,360 --> 00:59:30,520 It's just, it just sucks. And people are like, well, why 1236 00:59:30,520 --> 00:59:32,600 for a give and choose your, you know, platform and talk about 1237 00:59:32,600 --> 00:59:33,280 it. We talk about it. 1238 00:59:33,280 --> 00:59:35,240 But once you use your platform to fucking elevate the right 1239 00:59:35,240 --> 00:59:38,080 people instead, like there's a lot, you know, instead of like 1240 00:59:38,640 --> 00:59:41,080 ain't nobody. Like, you know, live a happy 1241 00:59:41,080 --> 00:59:43,080 life, building a platform, calling people out. 1242 00:59:43,080 --> 00:59:45,640 It's very negative and it gets to it's you from the inside. 1243 00:59:45,640 --> 00:59:49,200 I think the best thing I would say to leave people on here is 1244 00:59:49,200 --> 00:59:51,760 to try and elevate people around you that are doing something 1245 00:59:51,760 --> 00:59:55,280 right and and doing something really cool, which is what you 1246 00:59:55,280 --> 00:59:57,880 know. Sadly, negative tweets tend to 1247 00:59:57,880 --> 01:00:00,440 garner more attention and get more engagement. 1248 01:00:00,440 --> 01:00:04,960 You saw this on mine yesterday, but the other way around does 1249 01:00:04,960 --> 01:00:06,680 not. Like if I made right now a list 1250 01:00:06,720 --> 01:00:08,880 of founders that I think are doing well with no money, it's 1251 01:00:09,160 --> 01:00:11,240 probably going to get like 5000 views. 1252 01:00:11,560 --> 01:00:14,720 If you make a list tomorrow of Grifters, you're going to get a 1253 01:00:14,720 --> 01:00:17,040 million views. So the sad truth is that social 1254 01:00:17,040 --> 01:00:19,360 media also works some type of way and so that's, you know, 1255 01:00:19,360 --> 01:00:22,080 society in a way when it comes to engagement and elevating 1256 01:00:22,080 --> 01:00:23,600 that. But I I I think, I think there's 1257 01:00:23,600 --> 01:00:27,320 a lot of good stuff to be said and and no, throwing events and 1258 01:00:27,320 --> 01:00:28,760 launching A hoodie is not building. 1259 01:00:30,800 --> 01:00:32,800 Really. I'm sorry man. 1260 01:00:32,800 --> 01:00:34,480 I'm sorry man. Your event where like you're 1261 01:00:34,480 --> 01:00:37,440 fucking charging holders for water and drinks and stuff. 1262 01:00:37,440 --> 01:00:40,120 Like they name an event where we had people take their wallets 1263 01:00:40,120 --> 01:00:43,440 out and God knows we don't have funding, you know, hopefully one 1264 01:00:43,440 --> 01:00:48,400 day but not yet so so it's not you know, I know you guys didn't 1265 01:00:48,400 --> 01:00:50,480 and then you always like, you know hustle for your events 1266 01:00:50,480 --> 01:00:52,240 because we we kind of help each other out. 1267 01:00:52,240 --> 01:00:56,320 So it's like you know, it's a it's a it's a lot anyways, just 1268 01:00:56,320 --> 01:00:58,400 more grit. I just for me last night I was 1269 01:00:58,400 --> 01:01:00,480 just a little sad. I just want to see more grit 1270 01:01:00,480 --> 01:01:03,200 from motherfuckers in this spaceman fucking come on, you 1271 01:01:03,200 --> 01:01:05,760 know, build it like you fucking mean it.