Yo-yo, yo, oh, my life's turned up.
What up? What up?
Good morning. Good morning, GMG.
What day is it today? Oh, Tuesday, Tuesday, January
30th, 2024. Look at that.
Another beautiful day. To have a beautiful day.
I got my Co host in the house. OSF Mando.
How are you guys doing today? Good.
Good vibing day in. Lisbon.
Pardon me? Sunny day in Lisbon.
Another beautiful day. You didn't post AP who showed
the PNL screenshot? Oh Mandos.
I know, dude. I know, I know, I know, I know
dude. Mando flashed.
For those of you who don't know, I'm not going to get into
details, but Mando flashed AP and L and that's Solana Long
that he put last week when we hit $80.00.
I mean he literally said on the show he's like, I'm long here
and he tweeted it too. So he shared the alpha with
everybody. Don't even need to go on his
friend tech anymore for that. It's out there on X and and he
just P&L flashed on. The.
No one valued it on front tech anyway.
You you you sound hurt are. You are you still on front tech?
I was. Definitely hurt by that.
Are you still on front tech? No, no.
OK, I I I am on forecaster as of last night.
I actually have to go jam there. This morning I made a forest.
Actually I also invited Dan Romero to come on the show in
the next couple of weeks. She has a forecasters doing
10,000 back to buy DAU. Pretty pretty good 10,000 active
users per day. Doing well.
Yeah, I think it's pretty used. To coins in it now, right?
Like I saw that that was a like you can trade to sell meme
coins. Dude, there's a lot of stuff
going on I have to say because you have to down this app called
Warp Cast and everything anyway shot the 5511 avid listener
holder friend of ours. Just messages like yo, no one's
got your username yet. Like you should do it before
this pops. And so I did it last night.
Thankfully no one had taken my username.
Usually this is like something that gets sniped and then sold
back to me at a premium. So I got that.
Anyways, I'm on forecaster for those of you who are on there.
I don't know, it's like really interesting.
There's a lot of like founders on there and everything.
It could be like sometimes get away from the noise on X.
Not a bad idea, but I'm going to give it a shot.
I know I said like other platforms I'm not sure about,
but once they hit a certain amount of users it becomes worth
your time to go and check out. So I'm really curious about
Anyways, that's not a topic today, definitely not.
And you know Dan, if you listen to this, you definitely should
come on the show 1 day and we should interview you because
really impressive founder actually she's a 10% team or 12
something I read on this timeline.
So some really good stuff going on there.
And you're right, a lot of trading, a lot of different
channels. You can send points or tokens to
people if you like their posts. The like button is not a like
button, it's AGM button. I love that and there's a lot of
cool little things on there. I I only spent an hour on it
total so I'll learn more tomorrow.
I'll I'll probably take you guys through my journey on Forecaster
and see and see how this. But you should definitely go get
your usernames lads that's you know just just to have that in
case this thing is actually the one that that breaks out.
Anyways today on the show today, today we got boys we got to
talk. We need to talk.
OK.
We have to have a conversation about a few things.
We don't have to go too deep, too crazy, but I definitely, I
definitely want to hear you guys opinions on on a few things here
this morning because you seem to have safe and sound opinions
very often. Anyways, so there's the show
today, today market report as usual.
The crypto rallies into month end ETFs now own 3% of the total
Bitcoin supply which is pretty crazy.
I saw a tweet about this Mendo today.
I saw Zach Vole of the Tapper Wizards tweet about that
yesterday. So it's that's talk about supply
crunch that could come in the come in years.
It's really impressive. Of course again Jupiter is
tomorrow very 2 minutes before the show started.
We got more updates to be able to go and check your claim.
How much you're you can claim and stuff OV.
I'm assuming you're on the same boat as me.
We've done 7 figure volume on Jupiter.
I keep checking it. I keep checking it just in case,
like and I'm just always like. I'm sorry, we're sorry, you have
no, there's three more addresses.
Off. Nothing to claim, but it's OK.
We're still going to have Max bid Jupiter.
We love you Meow. We just came in too late.
I was using radium in 2021. Fucked up.
So. So I should have used Jupiter.
But it's OK We're going to participate in the next seasons,
right? Right.
Anyways, Jupiter is here. Raoul pal is like bull posting
the shit out of Solana. So is Santi.
Actually I I retweet some stuff and.
Everyone, man. They're all.
There between like us like going crazy awesome merv, Sorry merv,
it's merv. And then you have like Santi
Raul and Andrew Kang, like it's like and then you have even like
case, right. Like it's like everybody's just
like going hard at this. So it's really exciting.
Honestly, I'm not going to lie. So that there's a lot going on
there, but it's also not just like they're not just pump in
the back to pump the back. There's some very interesting
like use cases being shown and put out there.
So let's talk about this for a minute here today, especially
ahead of Dupree that is happening tomorrow.
So it's a huge event for for the space here.
And then you didn't cover it yesterday, but might as well
cover it today. Let's talk about founders in the
space a little bit. And then this was a conversation
started with Grail dot ES you know going off on on on on the
Valhalla founders, Alex Lynn, I know it was meant to be on the
titles yesterday actually. So let's talk about it today.
And then we also saw on the back of that Ding Ling that came
after another project which he owned a you know, large part of
in terms of assets. And I think he said he sold them
all. And you know, in an act of like,
I don't want to say it like this, like an act of rebellion,
like to, you know, call out like the founders in the way.
And so it seems like a lot of whales, I guess like large
buyers are starting to speak up on on certain projects.
So interesting to see. But Binance, also Binance
flooding its own bags. I mean, Mando, I'm going to go
to you for that once time comes. But Skyark, $125 million NFT
men, Binance were a whole thread about it saying that, you know,
seemingly that they're not too happy about that as well.
So that's kind of on the back of the the the topic before this.
And then last but not least, NFT roundup across all chains, the
Bitcoin salon on east. You know, the Quantum Cats mint
did not happen yesterday. I got to tell you guys, while
doing work, I had the discord open on the side and it was so
funny. I was talking to Udi last.
I was like, did I feel bad for you?
But thank you for the laughter. And he's like, were you hitting
on me in a discount? I'm like, hell yeah, I was.
It was hilarious, but it was just just a lot of, you know,
memes and a lot of fun stuff. I know, but you guys, but my
money's gone. So I I'm hoping Cat appears that
was that was crazy. And again goes back to what we
always say all three of us. Mint Day is the worst day when
you're a founder. Like there's no worse day than
Mint day, honestly. Because from there on it's just
smooth sailing if you know what you're doing.
But Mint day like it's just crazy.
So that happened and obviously like you know, Magic Eden
launched again, Magic Eden again, it's like we're not even
trying. We don't have a partnership with
them. They just make the headlines all
the time. Magic Eden's multi chain wallet
goes live to the public. So there's been a lot of codes
being passed around for the last few weeks and months, but now
it's live like cross chain their own wallet.
So it's like really like the wallet's.
Actually curious about what you guys think of the wallet biz
because it seems like there's a lot of wallets out there now and
so it's becoming a very competitive industry within the
crypto currency ecosystem and everything.
So it's interesting to see what that develops.
So and that's usual, we are giving away $1000 per show.
I got the money now so I'm going to be ready to to send it out.
We had three winners previously, 344.
I forget man, yes there was the I'm sorry yes or 4th winner.
Today was the fifth one of $1000 so shout out to Robit for doing
this with us. So all you have to do is follow
FOMO, our FOMOHOUR on X, it's on the stage right now.
I can tap on the space on the on the icon, the logo and and and
and follow it, follow Robitcom, you know, Robit COM, that's
their, that's their X account. And then we're going to do
different today because our last tweet was so bought it.
We can't use it anymore. It's like bots keep winning and
obviously we keep like having to struggle at the end of the show.
So basically bottom right, there's the purple box, just
retweet that tweet, just retweet the space, nothing else.
Make sure you follow the accounts because we are going to
do Twitter pickers. So you follow it, but just so
you know, retweet, the one that I posted, it already has 73
reposts. Obviously you guys are
understanding the assignment, which is awesome.
Thank you very much. So retweet that.
You know what, drop a little GM while you're at it and feel free
to always comment your thoughts live on the show if you have any
at all times. So anyways, anyways, anyways,
long intro this morning, but why don't we get this party started
with the market report? Can you dig it?
Is it weird that I still do not know who which song that is and.
Me neither. Yeah, I'm.
Like what do you mean? You guys have such a different
Jingle. Like I feel halfway through.
I I have to like, sing it in my head to realize like, who it's
going to be. Dude, like it is.
It is a surprise every time to me.
I'm happy that I surprise you every time, like it's both of
you. You know?
I love to hear that. So what's up with the market?
Mando? Tell us.
You're flashing P and LS in in
the film hour chat. It's got me worried.
What's happened? Yeah, I think global markets
have gone full, man. If I'm honest we still have the
Fed tomorrow. I think meetings already started
today and we have some big tech earnings, but tech was strong
yesterday. I think NASDAQ was up like 1%.
Broadly we've we've just kept ripping like people, people are
expecting now a dovish situation across central banks.
As we spoke about yesterday, the Fed is, is it's not, it doesn't
really matter like whether they cut rates in March or in June.
It just doesn't really like they are going to be cutting rates
with inflation where it is right now.
I think I saw Raoul Paul post about it again today just like
down to like 1.7% like on the true inflation measure.
So I think we're about to see a period here of of reduce
interest rates and probably pretty quickly given how high
they are versus but how high they are versus where inflation
is at. So strong markets overall, we've
definitely bounced from a weak start to the year.
It looks like at the highs across the board.
There's some worries about China but nothing major crypto crypto.
We're obviously heading into month end as well like month end
tomorrow. It's it's a big culmination of a
lot of risk. But we hit, yeah, 43 1/2, I
think it was maybe even 44 rough nearly this morning and if he's
starting to catch up slightly. So we're kind of up about 3%
both on Bitcoin and ETH. ETH is back above 2300.
Solana again is up at one O 6, but it was a bunch of different
altcoins have really really ripped.
You have a lot of the AI coins ripping. 2 reasons for that.
Vitalik put out a put another blog post out this morning about
the same time I posted man in minutes about the the future of
AI and Etherium that basically got all of the AI coins
gripping. And then you also obviously have
the Apple Vision Pro, which people have related in various
different ways to have these AI coins moving.
So the big ones there are like Tao Render, those ones are up
big today and then you have some of the kind of hot chains, let's
say Suey's up again, say is up 10% on on the day.
So just a strong period for those sort of coins that you
would expect like people have been talking about for a while,
big, big, big moves I think say is back up to close to a can.
You say it like that. That's just fine, but you.
Have heard some borderline. Yeah, I'll just, I'll stop
myself there. Would that be borderline racist
how I said it is? OK, OK.
Go on, please. Even from Continue, continue.
Say it's a mixture of US and Chinese devs, so missing.
Was opinions are your own thingy on the board can you please Sam
just put the thing that men's opinions are his last None of my
guys not the show nor rock videos I.
Have no idea. I'm thinking of suey where's say
who are even The Who are the say deaths?
What do you mean we DM them? We're going to get one of the
founders on the show. Anyways.
So tell us 30 points, man. That's pretty.
Dan Edelbach He doesn't sound Korean to me.
No, it's it's multiple people we messaged.
One of them got an answer actually, which is going to be.
So Obi said it was Korean. So yeah, no.
That was the Beanie narrative, bro, and you fell for it.
Obi Beanie's been tweeting that it's Korean pump.
He's not. No, he's not, bro.
He's trying to God. Dan Dan Edelbeck.
Yeah, Korean, right? The famous Dan Edelbeck.
That's that's not like ED-EL-B Ek, right?
Yeah. Dash Kim Why is that racist?
Like it's not. It's not.
It's definitely not. OB's having fun this morning
anyways. So on that talk to me more
about, like at all times. Look at there you go, there's
Sims, there's birthday boy. He says.
At all times hosts opinions are their own and not representative
of the show of Rag Y of Crypt of Rug Radio.
And Speaking of which happy birthday Sims.
In the studio down there we see you.
We love you, man. I want to see let's let's get I
want to see some hundreds in the audience man.
You know Sims is one of the thank you, mate.
I love that Sims. You know Sims.
One of the reasons that we we we we managed to show up every day
and do this with you guys. He picks the topics for us in
the morning. He sets all the articles he
like. Prepares the studio.
He screams at us because we're on the studio by 10:29 in the
morning. He makes sure that we're on time
with our topics. So scream at us as we're late on
the topics. He also helps us set up all the
robot shit. So you know chat the Simps.
Give him a follow. I want to see some.
Happy Birthday days in the audience for our boys.
Since anyways, back to the market, Mando.
Say I just love one of these comments, which is by Endo
Kenji. I was hanging with Dan and Seoul
recently. Cool guy.
I don't even know that's that's a joke or not like that is.
I have to say though, our YouTube, and by the way we
broadcast this show live every morning for a newcomer.
So every morning we're live on X and on YouTube.
The rug radio YouTube are also live on my account from where
usually all the boys that we all post it.
But anyways the YouTube comments are usually gold.
So yeah, today's gonna be a fun show so we better get along with
it. So what's up market wise?
It's ripping. Everything's going high.
Obviously there's a lot of talk about the cheapest AirDrop.
People say it's the biggest AirDrop ever in crypto, and the
other big thing is obviously what's going on in the ETF.
So the ETFs are just, I think we saw 250 million net inflows
yesterday. Fidelity alone is now
outweighing GBTC outflows. Fidelity's basically been seeing
100 million to 200 million of employees every single day.
And people are saying now they're getting pulled up about
this because obviously you have low fees for the first few
months. So people are saying, oh, well,
actually you're going to see huge inflows now in for those
first few months so that people don't have to pay the fees.
So I don't know, but there's been a lot of bullish takes on
the ETF over the last 24 hours. There's been some other bullish
stuff going on, some news about some of the airdrops.
Looks like the stock net AirDrop is going to be coming in
February. There's going to be another huge
AirDrop. They they also announced their
collaboration with Celestia. It looked like yesterday you had
the dim AirDrop, which was another huge AirDrop.
I think pudgies got around $7000.
You know, each pudgy got three ES because people like myself
that hold pudgies didn't do the claim, so they gave it all the
unclaimed stuff. I love that they did that, by
the way. Yeah, that'll be that will
happen with all of these. If you remember that's how like
happened with optimism that happens.
It all happened with all of them when people don't claim they
would like redistribute them and then if you hold dim and you
stake it, you get another AirDrop like this is AirDrop
season is is really picking up. But the number one focus is the
Jupiter AirDrop. They did announce today some
details just before we went live on the show about like how
that's going to be distributed. It's been very vocal about like
investors are not really getting tokens.
No, there is no, no, there is no investor token like that's.
He made that very clear like he was saying that there's no VC
that got tokens because he and he was saying not that he hates
VCs and stuff like that. He just wants to make it like
he's like this is not how Jupiter's going to launch it's
token, right. So I thought that was
interesting. Yeah.
So yeah, people are getting, I mean I I think I saw easy was it
easy cut out today. I think it's he's getting build
up. He's getting build up.
He's the face of Solana. He said, So right now obviously
people are talking about it's trading in the Gray we would say
or trading pre market and it's trading around 7 1/2 billion.
People are saying that like circulating values coming out at
already around 1.35 billion. If this goes to 5X, if you go to
6.75 billion like people are getting super bulled up about
how how big this air drops going to be and also how it will trade
on the brake. Every single exchange that I
know is trying to list this coin, right.
Every single exchange. So and none of them have got the
coin. So you're going to see a huge
bid come in from exchanges on that first day.
Every single one is now geared up to try and list it.
So it's going to be wild expected to trade around a lot
obviously we've we've been talking about how to trade
various different things on the back of it.
What's going on in meme coins. It feels like the main thing in
meme coins at the moment is they're running back all the the
the the stock tickers. So GME, AMC, they've both have a
big run. GMA did a 5X7.
I'm so annoyed I missed that one because I I was.
It just seems so obvious to me. It's 6,000,000.
It's now 30 million and a bunch of the other like every every
meme coin, every meme meme stock that you were trading 20/20/21.
Is becoming a coin. Is now a coin, so Bed, Bath and
Beyond next like. All the Wizard of Boho is in all
the fucking second tier ones. So yeah like that's the that's
the new thing going on. And all the other ones like the
when Token got a lot of listings, it's gone below 100.
It went back to 170. Right now.
I'm pretty sure, no. I just saw a tweet this morning.
I don't know. I can't keep up anymore.
It's 120 or something. Oh, is it OK?
One is at 70 million, right? Now got it.
Got it, 70. Everything got estimated because
everyone's waiting for you. Yeah, you're right, it's 71
everything cause but The thing is the anticipation of Jupiter,
right? Like if you saw even last night
I was up till later and like you know Solana started running and
Whiff was running with it to 3:50 and then just bounced right
back. I don't think Jupiter is a
negative negative thing. I think people are just
underestimating the life cycle of coins on Solana I.
Don't even mean that in the negative, like light.
It's just it's normal for people to take their bag and and get
ready ahead of Joob because everyone's bullied like pulled
up right, like you're saying? Yeah.
But I think Jupiter's a bullish sign.
I don't, I don't think that's, I don't think that's what's taking
these low. I just think what we're seeing
right now is a life cycle of a meme on Eve would be like a
month. Is is happening in like 3 days
on on Solana. So like be super careful if you
are in Solana meme coins like it might feel good for like a day
or two. And like we've seen like let's
go through it like when was at 170, now it's now at 70.
Jimmy is now doing this move. So it's gone from 5:00 to to 30.
Who knows what happens there whiff went all the way up to.
3:50 last night. 44 but it was at 450,000,000 now.
OK, in this world win was at 80, now it's down at 14.
Whoa, yeah. I I still think it's due
personally. Like I think you had some, I
think you had some mini, you've had some mini cycles in between
then. But like I think everything.
I think people are like worried that people have seen that when,
when, when, when when came, It took a month away from me.
Yeah. It took liquidity away from all
meme coins. And then that's happened in the
past before. So I think people are worried
that that will happen with dupes.
I think it's like you're seeing that already play out now.
And I think the life cycle you've been called, yeah, some
of them are very short, but some of them are longer than you
think they are, I think. And so I think, I don't know,
We'll see. Like, I have a feeling we're
going to rally on meme coins like tomorrow before even like
before even. Yeah.
I mean, if it doesn't rally by the weekend, then it's like
fucking. You got to get out of all that
shit. But I have a feeling you'll see
it happen much more quickly than than before because I think
people are worried. About all mean coins that don't
catch a bid post AirDrop, because that means that nobody
has interest in them after they get their steny.
It's like that tweet I said yesterday, I said when profits
will flow to jupe and that's literally happened.
And like so many people hated me for saying that because they all
own when. But guess what, it's down 50%
now in a day. So and in the next stage it's
like the juice value will cause a Seoul rally and we're seeing
the Seoul rally now and then I think they'll be those, the
profits will be there and they'll flow back into other
things, so. Will they not just flow back
into a new meme? This is fucking new meme coins.
It could. It could well be in.
Your narrative. It could well be a new.
I completely agree with that and that's why I think you have to
be really careful with the mean coins you pick.
I think some have, some have lived through multiple of these
mini cycles, some of them die in mini cycle.
I think that's where you have to be careful.
But yes, it could. There will 100% be a brand new
meme coin that will be timed right after dupe and that will
do like a 10X and that'll be the one and people will be holding
on to some other meme coin. There's a new 10X every every
day. Yeah, yeah, it's like.
I feel like if I know these, I've known these meme coins for
so long but like they like Harambe is 13 days old, Wynne is
25 days old, Wiff is only two months old, Wiff is 2 months old
and. It feels like, right, we got
that, we got that in December, right?
That was fairly newish. It tells you about the timeline
here. The shit is spinning up and
spinning down and just be super careful in that world.
NFTS feel a bit more stable even in this environment we've.
Always been. I like yeah.
They're just grinding high. But this meme coin cycle is 1 to
you can make a fortune on like there's no.
I've haven't seen anyone be able to make as much money if they
have in some of these meme coins, but you can also get
absolutely. Or you can also lose, like a lot
of the people that make a lot of money.
Meme coins give it all back the week after.
Oh yeah, they'll roll into the. Next one, it's easy money.
It's like ahead. We were talking about this
yesterday. The casino like you make big at
a table. Most people don't just leave the
casino with the gain, right? I mean, including, like, I mean,
I've done this multiple times where like I got a nice little
hit and then, you know, give most of it back.
Just, you know, such is the life of DJ.
And we do have, you know, Speaking of billionaires, we
have Sobie on stage. What's up, Sobie?
Here he is. What's up fellas?
Just trying to get my steps in. Listen to the boys talk.
Trying to get my steps in. Trying to get my steps in.
I love that sobie. What do you what do you what do
you think? I mean, you you actually.
You have been following the salon ecosystem forever.
So, like, how do you feel about, you know, Jupiter AirDrop coming
coming on tomorrow? I think it's going to be similar
esque to the Uniswap AirDrop. I think it's going to get people
to take. What's funny is like a lot of
these ETH heads will like have an opinion on Solana, then four
months later they'll use Jupiter for the first time.
Be like, holy shit, this is awesome man.
How did you form this opinion without using it?
That's really just been, I feel. Sane are.
People going to rotate their Jupiter into zai?
Is that what's going on? Bro, chill out with the Fed talk
dude. Jesus Christ.
I I think though that like you know this is obviously like mid
curved, the Solana shit, but everything else kind of worked
out. But Solana just has a strong dev
community man that's like the hardest thing to do beyond just
building an an actual tech stack is that social layer and I think
you've seen a lot of resilience and honestly like tender's a
better product than Blur. Trooper's a better product than
Uniswap. I think the difference is like
Solana attracts a lot of builders that come from high
frequency trading or people that are just like throughput Maxis
versus like like Hayden Adams the other day was like Oh my God
crypto. Everyone talks about the price.
Like bro, you literally got rich building a fucking protocol that
lets people speculate on the price and now that you're post
economic you're gonna virtually signal some bullshit.
I I find those things about like ETH culture very frustrating and
a lot of the people that lead the ETH road map, it feels like
don't even use ETH. Like they're just dudes that did
the ETH ICO are super rich, like have a fucking nomad visa or
like live in Switzerland. And just you can even see that
from the fact that people thought like Oh yeah you're
gonna self stake your own fucking EST bro.
I know a lot of people that own a lot of EST, not a single
person that's self sticking 'cause it's fucking scary.
So I think in relation to all those things like the Solana,
the Solana ecosystem, I think this is gonna keep performing
well. I the worry though is I think
you're seeing this right now with like points.
Everyone's doing points. Even fucking MMT now did points.
That's the global top for points.
It's a lot of people are getting farmed instead of farming.
And So what I hope with the Jupiter AirDrop is that these
other platforms, you know, actually start dropping their
tokens. I think that's like margin, Phi
Kimono Drift, some of these other ones all have points and I
just hope that they launch on the tailwind of the Jupiter
AirDrop, because I think that was similar to like the Geo
AirDrop. I was hoping that a lot of
projects would launch their AirDrop, their tokens right
after 'cause it has like a really nice compounding effect
of like liquidity and how willingness people are to be
risk on in the environment. And it's cool that I think the
salon ecosystem going to get a second chance at that.
But it's going to be a massive, massive liquidity boost the
ecosystem and I think it's going to be pretty cool.
I'm I'm with Solana and Joyer. Yeah, no, I I remember you guys
were you guys launched on Solana first a couple years ago.
So that's pretty cool. I'm, I'm excited to see what
goes down there for sure. I mean we've been talking about
it for a minute now and and so it's going to be, it's going to
be a big day tomorrow, it's going to be a really big day
tomorrow. You can already, really.
Really big next few days. I have a question.
When is FOMO Hour launching points, bro?
Never. But you know, fed, fed, fed back
at you. Yeah, the Fed.
There you go. He's like trying to fed me back.
But you know what? Like I saw someone tweet
yesterday. I forgot who it was.
I I just, I gotta, I'm gonna find it again.
But it was someone saying like the whole like it's like a lot
of someone's interesting that like doing the whole points
thing across the board in crypto is like setting the space
backwards a bit where like the point it was like to tokenize
things and now we're just making points and it's interesting what
you say. So but it's like instead of like
farming, people are being the the participant now is being
farmed. And I thought, I think that's
pretty interesting that you bring that up.
And I think you're right like that the Jupiter and the way
they're approaching everything that they've done, you know the
team, I don't know. I just, I just think it's really
interesting that there you go. So I found the tweet.
So it was it was Alex Kruger and he said here it is.
I'm curious for thoughts here, he said the crypto industry
invested years encouraging businesses to replace their
points rewards programs for tokens for good reasons.
Tokens confer ownership, are programmable and composable.
Then 2023 happened and now crypto projects are all issuing
points themselves. What a shame.
I it's a pretty good take. Like what do you guys think
here? Like is this setting us back?
What do you think Toby? I I kind of like this take.
So our go to market for zai when we did this like crazy test net
was we basically used you know Galaxy as like a quasi opera
wall if you will and we had points as well, but it wasn't
like on the front end I guess it was like through Galaxy.
And so for us we we didn't announce an AirDrop ever and I
guess we're kind of an edge case of like a project that kind of
grew really fast out of nowhere. But the intention was just like
we want to reward people for you know testing the protocol,
making sure everything is working and never once where we
like oh wow like let's delay this or further do this thing or
whatever so we can keep getting the usage it.
I think the problem ends up happening is that like these
protocols get worried about this pre token launch.
Go to market is like the only time they think that's when
their users will peak so they just don't distribute the token.
The other thing is like now when you have points like everyone
thinks you're going to get an AirDrop right.
So like the overall macro of the market has changed as well.
Like everyone's like farming all these different points, all
these different things. I think, you know, the farmer
getting farmed is really like the issue here.
Even with Jupiter, like I was like oh man, they should have
done their AirDrop after Judo. But the head dev is like
literally in the hospital, like posting from the hospital and
people are still like fuck, you launch a token, which I think is
just very funny about how this industry works.
But teams just need to realize like, bro, just launch your
token. Like if you're going to do one,
just do it. I think that's the worry is like
everyone gets gets too cheeky, gets too smart and things like
they're like, oh OK, we're going to launch this token when the
fucking GBTC flows aren't negative anymore.
Like, dude, shut up, just like launch your token, let it do its
thing and keep shipping. That's like I've, you know, I
talk to devs all the time and then they're just like always
trying. It's funny that you have people
that don't are building something or trying to try like
time to market. Obviously it's different like
launching something in the bull versus a bear.
Like a lot of people I knew were not like necessarily launching
things last year aren't even doing the news because like just
no one cared. But yeah, I think the issue is
these projects are going like they're basically looking at
their usage numbers and they're going OK like once we launch the
token, if our usage goes down, it looks really, really bad.
But it just means that like you didn't build a strong product.
So sorry, like that is just what it is.
I think like and also it's counterpoint to like what that
that tweet is also like the points also probably especially
within the States and I guess more Western like, it's like a
result of like legislation that's like being really tough.
And there's no real legal framework around tokenization
and tokens in general and the issuance of everything.
Like you all know like there's so much stuff that you have to
like set up in order to like get a token out and everything so
that a lot of people will go for points first for an onboarding
process that people understand. And and so I think that there's
also that friction probably why most people go through points
1st to see if there's actual real demand for something before
like launching A token. So I guess I'll understand that
part too and why 2023 went heavy towards points.
Also mind you, 23 was not a bull market yet, maybe towards the
end price action, sorry catching up to it, but definitely the
most of 2023 was not great for the market overall.
So I don't know. I thought that was an
interesting thought and interesting last thing on
Jupiter before we go on OV so on the official website, just
everyone needs to be careful here.
There's going to be a lot of scams in next 24 hours.
There's going to be a lot of fake claims, a lot of fake
websites, a lot of fake gold badges, blue badges on X,
everything. You got to be very careful here.
Everyone like don't like ape into something and just run into
signing a transaction and lose everything please.
But you can claim which by the way, this is the saddest thing
ever. This is like no, but what's this
part? Ovi?
You can already set up an order for Jupe in advance, it seems.
Wow. Yeah, I just saw that.
Even if you don't, I might explain why we're maybe people
are already setting orders to buy it, like.
Yes Sir, look at that trade and set up your order Preset limit
orders or DC in advance to acquire tokens at launch.
New tokens are volatile. Set a maximum price limit when
trading them. So like you have an initial
price is $0.04 and Max price is $0.69 and the Max.
I'm not sure how much it is, but you can already set up DCA swap
and limit orders on dupe ahead of its launch.
I don't think we've ever seen this before in LIKE.
There must be so many orders, the Max price, right?
And that's basics. This I was like I was sitting
here wondering like why is everything already selling off
before this AirDrop and that before this token is launched.
And that makes sense. People have already people have
already sold stuff to set orders at the the Max, and I guess like
the orders are probably done in time order so the earlier orders
get filled first. That's if you can even buy it
then like maybe it didn't. I'm not really sure they did it
for when as well apparently. Yeah, this apparently did it for
when, I don't know. I like this, so people should
just go and check it out, dude, honestly, like this team is so
good. I, I, I know we talk about them
a lot. We'll stop once the Jupiter like
AirDrop happens and stuff, which obviously we have to like.
This is like what's happening right now.
But it's so interesting and they're really just killing it
in that front. It's really impressive.
I it just amazes me how so many people still are not paying
attention to Solana. Like this is going to be one of
the biggest air drops ever in crypto.
Yeah, this is, you know, this could potentially be like a Sobi
said like as big as that uni swap air drop, which is huge.
So like, you know, like whether you like it or not, you can't
ignore that this is going to have an insane impact.
Like if this thing comes at $7 billion, you know, that's going
to be about 700 million. It's going to be, well, they're
already saying about it's going to be north of a billion
dollars, like of like free money coming to the market.
So it's just, it's just an insane amount of money and you
just can't ignore it. You don't even have to like own
any to learn or be involved in it.
But you you can't just pretend like this isn't happening,
because it is. And it's the biggest thing to
happen in crypto since the ETS. It's a really big thing.
So he says there's like, there's five more to come, right?
We have like we have tensor. Tensor.
The tensor fucking marketplace token we have, we have like
Camino we have, Drift we have. I don't know, I'm trying to
think of the other ones like margin Phi.
Jupiter is also in multiple seasons.
Like it's not one shot. So like this is, this is the
true golden age of air drops. That's what that's what I would
call this period right now. This is like I don't think, I
don't know when the last period was, like where I guess when ETH
was first. Building 21, the ETH eco had
insane airdrops in 21. Like, right?
And then Sobi said it. You're gonna swap 2020?
But these were two. The thing is too is like these
are so easy to farm, like the Geo AirDrop, super easy to farm,
right? And like these cap tables are a
lot more like Chad. Honestly too, there is no cap
table. Actually, I love you.
So like Jupiter is pretty interesting in that regard too
of like there is no institutional capital that has
exposure to it. And I don't think the Jupiter
team is like the team that will be like, Oh yeah, we'll give you
OTC discount. They're gonna just tell all
these people to go buy in the open market.
So that's like an interesting difference.
I think I, I wonder if that was somewhere back in the day to
UNISWAP. But UNISWAP was founded from a
grant from the foundation. But I think Paradigm picked up
Hayden Adams pretty early on. Yeah.
I saw DWF tweeted about it. Do you know if they've got like
a market maker in place? Or is it?
Just like, again, whoever the fuck wants to get involved, get
get involved. I don't the way I was talking,
like, it seems like he's just going for it and everybody's
going to fight to get involved with that.
Like, he probably built a project so interesting that
everybody wants to be a part of this.
Yeah, like, I don't think he even needs it.
I. Don't think he needs anything.
I think DWF. Andre tweeted.
Yeah. Also integrating Jupiter
Exchange for our prop trading is aligned with our strategy to be
deeply involved in DFI and support it.
I don't even know if he's the market maker.
This is the thing he's he might just be like a fan, like, I
think everyone. Genuinely say he has built such
a good product like the Jupiter team has built such a good
product that everybody uses. I think like, this is one of the
really good examples of a very successful product like that's
being fairly launched to everyone, used by everyone
that's going to get listed and like, OK, maybe there's calls,
but I don't know, man, that meow guy, He's highly transparent on
the timeline about how he's approached everything.
I've really enjoyed reading him. It's interesting though that as
a product, it's not actually the same as Unispop, right?
So as a product, it's actually an aggregator.
So it's it's like 1 inch, it's like 1 inch, it goes to, it goes
to all the different like that's why often when you trade on
Jupiter, you're actually trading on like ORCA or you're trading
on radium or something like that, like it's more like 1 inch
as a product. So it's more an aggregate, it's
more like blur for that, for that in that perspective.
And it's now gonna start bringing in LP's.
But like, yeah, it's not actually apples for apples with
with the Unisop, it's a slightly different model.
Yeah, it's gonna be a man. It's going to be so interesting.
Like I got I'm. I'm just happy to see people.
Like I'm just seeing people like in my DMS right now.
Even talking about like their jupe AirDrop and the amount that
they're getting AirDrop and they find them fucking sick.
Like there's going to be a lot of wealth being created tomorrow
and from tomorrow on for the space.
And it's freaking awesome. And I just love the fact that
it's goes mostly towards that community that like almost got
decimated a little bit over a year ago.
Everything was gone with the SBF and FTS going on and it's like
1000% up and then you have these airdrops backed.
I mean, Jito Sobi said all you had to do was what stake one
soul to get like a $10,000 AirDrop.
Like, I don't know, like, I just love this stuff.
But anyways, let's move forward here into our next topics of
conversation today, some big ones that we couldn't touch on
yesterday because we're talking about a whole bunch of other
stuff like usual, but you know, you love to see that.
So this whole, like, founder thing in this case right now,
right, there's a lot of conversation going on.
So this all started when Alex Lynn, founder of Valhalla, you
know, announced, you know, and I believe, like, I haven't
followed the project much, didn't mint it, whatever.
You know, it seems like there hasn't been much going on for a
year. And then comes out and there is
a a new a keyboard that they're launching and whatnot.
They're trying to sell the keyboard.
And then I'm going to share the screen here.
Grill dot, ETH, grill dot, ETH. We showed actually a great
exchange last night together. It's funny, a lot of people
thought that him and I were like fighting, but we ended up like
just agreeing on a bunch of stuff.
So grill dot ETH. Goes, what the fuck is this
shit? And then and then and then goes.
I'm in 15 of your NFTS to show support and then buy more on the
floor. I didn't give you ease to build
a fucking exclusive keyboard that no one asked for.
You had one job and you failed so far.
You should be absolutely ashamed doing your community in like
this. And so obviously that went
haywire, like that went completely viral.
I think it was a couple days ago, 285,000 views on the tweet.
You know, hundreds of her tweets, likes, etcetera,
etcetera, etcetera obviously which leads to like even more
back and forth on the timeline, a lot of people chiming in on
that And then and then and then and then you have you know Ding
a Ling chat, you know, collector, founder, enormous
support of the space as well who you know who who chimed in.
But this time I bought another project which is AOF first I
believe saying that you know he's dumped all his assets,
that's his words and that he know he wants nothing to do with
the project because nothing happened and then backs it also
with another tweet. No there it is.
So it's this one saying dumped 143 AOF verse founders keys
after the team's latest update taking about a 60 ETH loss
overall. I usually just let NFTS in my
wallet go to 0. But teams like this that don't
appreciate their community don't belong in web three.
Why even launch an NFT collection?
Good luck. And then he backs it with
another tweet saying I used to hold.
I used to just hold a slow rug NFTS to 0 because I don't want
to dump on the NFT holders. They did nothing wrong.
But now thinking about it from another angle, we should be more
proactive in holding teams accountable.
Otherwise we'll just keep getting rugged over and over
again. I mean, I went on yesterday, I
had some thoughts, what do you guys think it's like here, like
what's happening? I mean I for me like I think
this is more of a specific thing to the ETH NFT ecosystem for the
reason that like the salon NFT ecosystem is like yeah 2020 was
some projects obviously a lot of like vaporware at some point but
right now it seems like a lot of the top prizes have their shit
going on for for them like tensor Tensorians.
You look at mad lads you look at a few other ones.
ETH bitcoin's just too young to go and judge the entire
ecosystem yet so mean specifically to ETH ecosystem.
So yesterday I went on Djans right shameless plug here.
So I went on your stuff and I pulled up the top 20 ETH NFT
projects by floor price. And this is not like this is not
me trying to like Donk or whatever.
I could not name maybe more than three to five teams that
genuinely are actually building a sustainable business that
could potentially generate like you know, cash flow, like a
positive cash flow business or anything for the matter or a
project that has done anything more than events.
But that then went on the timeline and that was Alex Sling
also said that but we did events.
Events is like a byproduct of what you should be doing for
your community. Mind you they charge you for
everything in there after you paid for the event for us with
Holder. So what do you think here what
is what is the problem? Is it is it an adoption problem
is it one of those things where OK we're going to sweep it under
the rock saying we're too early is it a what's the issue here
How come the top projects there's fuck all being done.
And honestly like a lot. I talked to a lot of founders
and like I see you all like on the timeline tagging me.
But look at this, I I read a lot of it.
A lot of like, little projects doing much more than the top
ones, honestly. And they don't care about their
full price. So what do you guys think here?
I kind of want to ask you too, what is going on in this space
right now? Why can't we fucking get the
right shit built by the right people, right?
I don't know. I think.
I think there's a there is so many fucking things to to to
pump back there. But I don't know if this is like
me being slightly more cynical, but like I also think this is
like just the nature of the space that we like to gamble.
Like, yeah, like these big holders coming in and being
like, oh, you know, I wish you built that.
Like every everyone's coming in for the pump at the same time
like there are very, there is that community aspect of it.
But let's be honest, it doesn't need to be 1 E, 2 E, 5 E, 10 E,
10 E Like part of that is, is is they're just about like
narratives and and and pumps. And you've seen that
spectacularly get taken out even by VCs at just hilarious
valuations and they've realised actually there was nothing
really really there either. So I think, look, I do love
crypto and that has this own community and I do think NFTS
are a really good way to perhaps bring some of those communities
together. But I don't know how much you
can necessarily overly expect, particularly on ETH where there
have been no trading fees paid for any utility for for a long
long time. So you're really just going off
initial mints. So like, the incentive thing,
there's a lot of money, yeah. But the incentive to keep it up.
And like, I'm just telling you, like, just the way that humans
are, Like, they often will not decide to keep it up.
Like, but it's like, even the way that he was describing that
is like, he's going to sell you another product.
He's going to sell you a mechanical keyboard.
Like, who gives a shit? So I think the incentives have
moved away from the ETH market. So I think you're gonna see so
many more of these like projects would basically have stopped
doing anything for a long time. Then bring out another product
which you have to be a part of because the the the business
model broke. I I feel sympathy.
I also just think there's just a lot of gambling going on.
So like I for. Who on what side?
The holders. I feel sympathy on the holder
side, yeah, yeah. But I also like, I'm not sitting
there like I kind of I kind of believe in the Ding a Ling first
one where you just, you just let it go to 0 like it was a bet.
We're not sitting here going like I bought blue chip stocks
like we we we you bought like promises from cartoon jpegs.
So like it's it's you have to understand that we're not we're
not like I don't know you're not you're not you're not dealing
with the 1% of like entrepreneurs in this space.
You bought somebody's narrative from a kind of a nobody often
like, don't, then turn around and be like, Oh my God, like, I
cannot believe this has happened.
It this shit happens like this is like VC investing to like mix
with meme points like. OK, so you're you're saying, and
I've read that a lot yesterday after tweeting out stuff like
that. Is that the the gambling nature
of the space makes it that, you know, it's really more centered
around hype than tension and marketing gimmicks than like
actual execution, right? But you know, over it won't go
to you. But it's like how come it seems
that every single time. And I'd love to be counter
examples. People can tweet at us if you
want or in the comments. I'm reading on YouTube and X
live. I'm reading live as you guys
type. But how come that every time
there's a project that raises an absurd amount of money, there's
absolutely nothing that comes out of it.
I mean you guys sold NFTS once not to toot you guys horns.
It was like 2 years ago, right? That meant for D Jens originally
you have built a lot of value back to your holders.
Like as a holder I meant that you I didn't even know you guys.
I just meant that you're shit 'cause I thought you guys were
cool honestly two years ago in 21.
So I got it. Then I got the wreck.
I got a lot of value from it, but also without insane.
You guys never said expectations crazy, but like now you have the
D Jens finance thing. Like obviously we see like you
have built tools, right? That people use and I don't
think you guys raise money nor did you sell a lot of NFTS and
reckon I was a free man. But then you have like a lot of
projects that we hear raises like 1020, fifty $100 million
and there's nothing going on. And this is where last night I'm
like fuck like what's happening? Cause like, yeah, we sold NFTS
personally speaking on rock radio two years ago, but we've
been showing for the last two fucking years that we're
executing and at least trying to do something.
And I feel like our our, like our space is just missing grit.
Like I don't know why. Is it because of this space?
Is it this? Am I like being too critical of
like web three and the NFT space like or am I not being like,
it's like my friends that are founders in web two they don't
just fucking stop after six months of not getting likes on
Twitter, bro. Like they don't just stop
building. They don't just stop.
They try, they try, they try. Some of them I invested in like
they still in emails. Hey guys like we're running out
of cash. We're cut our salaries, we're
still trying. This is what's happening.
They're not just stopping like they're fucking trying.
And it feels like here, like the second oh, like Alex Lynn, like
I'm sorry about the guys, like, oh, we dropped the ball last
year. The fuck you mean you dropped
the fucking ball? You raised 15,000,000 from VC
and a .5 eighth man. Like another 5 million.
But when Kevin Rose in Proof raises 50 fucking $1,000,000,
like or like a lot of other projects, what do you mean you
dropped the ball? What do you mean drop the ball?
What? Like you can't even, like, do
something? Like, I don't get it.
Like, maybe it's because, like, we're built different and we're
built to just build. But it's just like, even at
times where I was like, fuck this, like I'm done.
Like this is too tiring. It's too hard.
Like fucking kept going, dude, you were there, man.
Though, you picked me up, I was on the ground and then we just
kept going. I just don't get it.
I mean, OK, what do you think? You're also a founder, you're an
artist. You guys have built stuff in
this space. You have been criticals of
projects in the past, actually on the show as well.
But what is it? What is it with these projects
that raise an insert amount of money?
I'm not talking about the small founders, the mom and pop shops
of this space that have no money, low floor prices, But
they're still trying, trying the big ones, the top 20.
We can't seem to get shit out of it.
Why I just? I just think like lots of people
are very good at marketing and obviously very good at raising
capital. Well, they're not good at
raising capital. People are very easy to part
with their capital in this space because everyone wants a DJ.
And so I think people recognize the opportunity and come in and
try and just do something and they realize they can just raise
money and have a go at something and they may not well be
qualified. And you know, if if you take
your skill set and your background and you try and raise
capital to like investors, you have to go through a lot more
hurdles before you get that money.
But in this space there are no hurdles.
It's just like you just fucking say market something really well
and everyone just DJs into it and maybe they make money at the
beginning. And then the, you know,
inevitably unless you actually have a good idea and some
substance behind the project, it just trends to zero.
And sometimes I bet you some of these founders aren't even like
cashing out themselves. They're like hired all these
different people and all that kind of stuff, they're trying to
build something and it just doesn't work.
And I just think it's because you you don't really have a
business model that is a good business model.
And it's no different to in a startup world where like 99% of
startups also fail. But you know this space is like
much more public in in your face and there's a building in public
and you know you're in a forum, which is Twitter, where everyone
is talking about you know these things.
That doesn't always happen with like with you know, crowdfunding
and private investments and stuff.
But you know that's not to like say everyone should get a blank
you know carte blanche to to come in and and do this.
I just think some people are good and some people are bad.
And I think you know as it's it's it's on the founders that
we should uphold founders to a, you know to a higher standard.
But it's also kind of like on the the NFTD games as well Like
what the fuck did you think like these guys are going to come in
and like make the next Disney like that's kind of on you for
for messing that up as well. So I think the blame lies on
both both sides of the coin in my opinion.
And yeah maybe there's an element of like you know if if
Ding a Ling some people, someone will literally be like Oh well
Ding a Ling holds 200 of this. Like, I'm never going to sell
this. Well, like, you know, if
Dingling did start dumping all the shit, then people would be
like, oh fuck, like this is. I mean, I'm never going to touch
anything from these guys again. I'm not going to keep holding my
bags here. Whatever.
Oh, bad. I think Dingling should do what
he needs to do, because he's the one who bet bigger on these
people. Like, for what it's worth, Like
he puts so much money in the ecosystem.
Well, for him, like the money he the money he bets.
The money he bets as a proportion of his wealth is
probably the same as someone who buys, you know, Yeah, exactly.
For him it's it's probably nothing because you know the
guy's clearly a well, but people follow him like people like
alpha groups will be like oh like Dylan just swept hundred of
these like let's all go in and they all go in and the next
thing you know like the things fucking caught with his pants
down because because because there's nothing there, so.
Let's let's use an example of what happened recently.
Like it's just changing crypto undeads and nothing wrong with
crypto undeads. I'm just using this as a recent
hyped mint. What was Crypto Undeads?
I don't know, but he gets benefit of the doubt until he
fucks it up or not. What?
I mean, no one's calling it out beforehand.
Everyone is in it. A lot of people try, but I get
what you mean. I know what you mean.
Traders and founders are in it
for the idea that this can sometime somehow catch on.
Like it was really just good marketing and and some hype and
now he's got a a apartment. But if that fails, yes, like,
but like I also was there at that mint and we weren't sitting
there going like no, no, there's not enough due diligence in this
guy. Miss needs like everyone was in
it for the same pump for the revealer, it is, it is.
There is portions of blame here for everyone.
It just gets messy When then everyone realizes it's not going
to work out and then everyone starts pointing fingers.
I do. I'm not saying that these
founders should just be like oh, you can get away with that like
they are clearly they clearly should be should be accountable.
But like, if you see a hyped mint and it doesn't work out
like it was hyped by everyone. It was hyped by by the community
all calling for 1000 X because they wanted it.
They wanted the gamble. They wanted the.
Like when the Valhalla thing was going on, a lot of people were
pushing that, a lot of people and I remember.
Exact time. I agree that there was some
fighting. You know who?
Was the only person fighting Valhalla on the timeline?
Yeah, it was chilling. That's.
Funny people haven't got that stuff.
It was known there. So, like, I think, I think it's
probably right because they'd really defended themselves at
that time and they've gone on absolutely Jack shit.
But like, this stuff happens every week.
Like even the Mint. Like, I guess Quantum Cancer is
a good example because they got taproot.
But these these hype mints, they come every week, right?
And they are often unfound, funded.
It's just like, oh, they've got 1000.
They've got like ether. Remember the ether mint?
No. Exactly.
Right. Like that was like.
Remember it? But.
But I don't. You're right.
No, in that sense. Like, what the fuck happened
there too? For like there's so many of
these dudes like these, I'm super hyping mint.
Everyone's in it for like the the idea of it catching on
doesn't quite work out. So all I would say is going
forward, know that these things happen every week.
Nova I've only ever ever seen the Azuki Mint be a well, you
know that they've done well from a hype bin.
I don't know. I don't think like board eights
was like, I go through that top 20.
None of them, or at least. No one.
No one was a quarterly. 8 men, bro.
That's like nobody can even say anything at this stage.
She was like, fucking. Nothing.
Just know that that's the case. Know that every everyone is kind
of responsible for it and don't go in there like assuming that
there's gonna be some crazy thing expected.
But at the same time like yeah I, I, I mean me and myself of
this even chat about like meme coins like like you know we've
spoken about it before like I think everyone isn't it for me
like some people have this really really bad view of me the
meme coin creative. But I I also think that the meme
coin, the person, like the second person to buy the meme
coin the third person to buy the meme coin.
Like there is an everyone about this this world.
Like the the original creator of the of the thing we're all going
to speculate on. They have obviously a tribute,
like they have some blame, but everyone is involved in also
trying to pump up these narratives and sometimes it
works out. So you got to accept that you're
in that world. Yeah, that's fair.
That's fair. I mean, it goes back to Kobe's
comment last year or two years ago about being NFCS, being all
coins with pictures. But it's just crazy to me, like
when you hear about these massive raises and I'm like,
what are they doing with that cash?
Like we know what we're doing with our money.
I mean, it's public for us with we have another town hall
fucking tomorrow like we do every end of the month and we
present to people where the money's going.
But it's like, why? It's just it's just it's a
fucking. Business like you're you're a
real business. I think we've even tried to not
do. I mean D Gen's was a paid mint
but after that we've like we haven't even everything's
basically been free right. It's.
Free on your end. But I'm not even saying that
people should follow what you guys did or that what we're
doing we're ultra transparent with how we spend our money,
sometimes to our disadvantage, right?
But cuz sometimes involving the community even too much can lead
to a balance of things that can hurt, right?
But for us it's worked very well cuz we're community's really
awesome, right? It's really smart people.
They're supportive, they love the mission and they're in it
for a long run. But for you guys, it's like,
you're right. Like also the death of the
royalty now disincentivizes you from doing anything on the long
run. But I just don't understand the
mints that get like 10/15/20 mil up front and then there's
nothing coming out of it. And then Mr. sees in the
comments asking the right questions.
He goes, what do you want them to build?
He goes, do they even know what the people want?
Does the community even know what they want?
The answer to the community does not know what they want.
Most of the time. The community just wants one
thing is the price go up, right? Like the most people that were
sad about Quantum Cast and discord of people that want to
mint and sell. Some people actually want to be
part of the community member wars.
Right. So you're right in that sense
Mr. C But when he goes what you want them to build, I think a
lot of the I think these are questions that you need to ask
yourself before minting something or forget the mint.
Because sometimes the mint's worth it because you flip it,
but like buy into something after the Mint with your hard
earned money. Because those questions are
often questions that the founders don't even know
themselves have answers to. What did people undeads like?
What? What do you what does the crypto
undead like? Just it's just happening.
It just happened last week. It's very system.
Same as he's using that example because it's the newest example.
Don't you know how it's going to?
Happen. It happens every week.
There's just no like crypto undeads, they might absolutely
crush it. And this just goes like, I'm not
saying that, I'm just. Yesterday I didn't listen, but
look, Price stayed the same. People liked it.
And it only gets we only get annoyed because the price goes
down and never really caught on. Like I don't.
I I agree with that people. Don't even know.
I just think this time is different though.
I think this time when Ding a Ling and Grail spoke up,
especially Grail, who really like I've been chatting with him
also in private. But like like where he really
spoke up is like he was so pissed because of the promises
and a year of nothing. Like a lot of people in 23, that
was the man. As a founder, if you fumble 23,
you miss the greatest opportunity of your life to show
people that you're in it to win it.
Like I remember all of us and a lot of founders around us, we're
like, fuck it, we're going to triple quadruple 10X during this
year even though it's fucking sucks.
All our finances are wrecked. We all lost 80% of our net worth
and our personal money. We all lost a ton of money on
NFTS. But like, fuck it, let's go and
figure something out because when we come out in 2024 in
20/20/25, people are going to be saying, hey, these people hung
tight and put something in the bear market.
So I don't know, I just, I just thought it was interesting.
We're not going to go over their next topics.
I guess I'm going to push the Binance thing again, but that's
interesting one too. I started thinking like, right
about it. And I see we're way over time,
but I don't know. And I just thought this was
interesting And you know, I was talking to us about how the bar
is so low and it's just, I don't know.
I just feel the bar is low. That's it.
It's just, it just sucks. And people are like, well, why
for a give and choose your, you know, platform and talk about
it. We talk about it.
But once you use your platform to fucking elevate the right
people instead, like there's a lot, you know, instead of like
ain't nobody. Like, you know, live a happy
life, building a platform, calling people out.
It's very negative and it gets to it's you from the inside.
I think the best thing I would say to leave people on here is
to try and elevate people around you that are doing something
right and and doing something really cool, which is what you
know. Sadly, negative tweets tend to
garner more attention and get more engagement.
You saw this on mine yesterday, but the other way around does
not. Like if I made right now a list
of founders that I think are doing well with no money, it's
probably going to get like 5000 views.
If you make a list tomorrow of Grifters, you're going to get a
million views. So the sad truth is that social
media also works some type of way and so that's, you know,
society in a way when it comes to engagement and elevating
that. But I I I think, I think there's
a lot of good stuff to be said and and no, throwing events and
launching A hoodie is not building.
Really. I'm sorry man.
Your event where like you're
fucking charging holders for water and drinks and stuff.
Like they name an event where we had people take their wallets
out and God knows we don't have funding, you know, hopefully one
day but not yet so so it's not you know, I know you guys didn't
and then you always like, you know hustle for your events
because we we kind of help each other out.
So it's like you know, it's a it's a it's a lot anyways, just
more grit. I just for me last night I was
just a little sad. I just want to see more grit
from motherfuckers in this spaceman fucking come on, you
know, build it like you fucking mean it.