1 00:00:00,120 --> 00:00:03,240 Well, GM, everyone, GM, GM. Again, it's not with Farokh and 2 00:00:03,240 --> 00:00:06,240 RSF, it's just with cows. Actually today, just just me and 3 00:00:06,240 --> 00:00:08,440 cows. I'm trying to get hold of me. 4 00:00:08,440 --> 00:00:12,520 I couldn't make it seemingly so kind of just base takes again 5 00:00:12,520 --> 00:00:16,160 from Cali for the whole week. I mean, this kind of feels like 6 00:00:16,160 --> 00:00:17,440 we've been doing this for 10 years. 7 00:00:17,440 --> 00:00:19,120 Like if people might not know this. 8 00:00:19,120 --> 00:00:20,840 Me and Cali have known each other well. 9 00:00:20,840 --> 00:00:24,040 Cows has known each other for. 15 years me. 10 00:00:25,120 --> 00:00:27,520 Yeah, 14 years, 14 years, 14 years. 11 00:00:28,000 --> 00:00:30,360 Oh no, 15 years. I pick out the very first 12 00:00:30,360 --> 00:00:34,080 meeting at the at the interview itself. 13 00:00:35,080 --> 00:00:35,960 Wow. Yeah, yeah. 14 00:00:35,960 --> 00:00:38,680 That was that was how were we then like 1817? 15 00:00:40,320 --> 00:00:43,960 19 I think so yeah. No, that's that's that's 14 16 00:00:43,960 --> 00:00:48,160 years. Anyway, yeah, back back. 17 00:00:48,480 --> 00:00:49,880 We've been doing this ever since, really. 18 00:00:49,880 --> 00:00:52,800 We lived together after that. So this kind of just feels like 19 00:00:52,800 --> 00:00:57,690 late night chats at the at our dingy flats throughout the 20 00:00:57,690 --> 00:01:00,530 years, which is, yeah, maybe that's what the people want to 21 00:01:00,530 --> 00:01:03,770 hear. Who knows, you did seem. 22 00:01:03,770 --> 00:01:06,810 To think I was good content. I think people content you gave 23 00:01:06,810 --> 00:01:10,930 you good compliments last week. I think you you definitely speak 24 00:01:10,930 --> 00:01:12,330 your mind. I actually I actually geared 25 00:01:12,330 --> 00:01:14,770 some of the topics today, so you could really like go at it with 26 00:01:14,810 --> 00:01:16,290 your. Views of the world. 27 00:01:17,090 --> 00:01:22,610 Baking me, basically beating me. Farok is unfortunately in Korea. 28 00:01:23,610 --> 00:01:26,870 Lighten up the timeline. Ovi is on a flight back to the 29 00:01:26,870 --> 00:01:33,390 Caribbean or Life. We are sponsored by Kraken NFT. 30 00:01:33,430 --> 00:01:36,110 Again, for the rest of the month, you're gonna be seeing a 31 00:01:36,110 --> 00:01:39,030 lot of content with us. And then coming up, 32 00:01:39,990 --> 00:01:44,110 kraken.com/rut radio, they're obviously making moves into the 33 00:01:44,270 --> 00:01:48,810 NFT marketplace territory. We've seen a lot of failures in 34 00:01:48,810 --> 00:01:51,010 that in that world. And it's really good to see a 35 00:01:51,010 --> 00:01:54,850 proper exchange come in and put some real boots on the ground 36 00:01:54,850 --> 00:01:56,130 with a bunch of different collections. 37 00:01:56,130 --> 00:01:58,730 And I'm positive about that. I think they're doing it in a 38 00:01:58,730 --> 00:02:00,410 new strategy. They're doing it a new way and I 39 00:02:00,410 --> 00:02:01,810 think it's going to be a success. 40 00:02:01,810 --> 00:02:03,130 We had them on the show last week. 41 00:02:03,490 --> 00:02:05,170 You can listen in. I think it was on Wednesday. 42 00:02:05,810 --> 00:02:08,530 It was a good show. We all get straight into stuff 43 00:02:08,530 --> 00:02:11,009 because it's been, I don't know, is it, is it over? 44 00:02:11,170 --> 00:02:13,770 It feels like it could be over. It's so over. 45 00:02:13,930 --> 00:02:16,550 It's so over. It's so fucking over, man. 46 00:02:17,270 --> 00:02:21,070 We were, we had that exact chat, I think probably about three or 47 00:02:21,070 --> 00:02:24,470 four times already this morning. And then we had an hour long 48 00:02:24,470 --> 00:02:26,430 conversation about whether it was over or not. 49 00:02:26,430 --> 00:02:28,870 I think we came to the conclusion it wasn't over, but 50 00:02:28,870 --> 00:02:30,390 it was. It's definitely not feeling that 51 00:02:30,390 --> 00:02:33,110 good, is it? We can get into what the main 52 00:02:33,110 --> 00:02:35,830 thing was really this weekend, but Ethan's now dipped down to 53 00:02:36,710 --> 00:02:41,350 15, maybe a little bit of about 1575. 54 00:02:41,350 --> 00:02:44,220 Wow, great. And Bitcoin is just hovering 55 00:02:44,220 --> 00:02:48,660 above 25 K, so it's it's definitely been down about, 56 00:02:48,660 --> 00:02:52,780 what's that 5% since Friday's show. 57 00:02:54,620 --> 00:02:58,340 It's feeling a little bit soggy. It really kind of fell out of 58 00:02:58,340 --> 00:03:01,660 bed on Saturday, right? There was a lot of lot of bad 59 00:03:01,660 --> 00:03:05,300 sentiment about what's going on FTX at the moment it looks as 60 00:03:05,300 --> 00:03:09,440 though and we mentioned this last week, but FTX is going to 61 00:03:09,440 --> 00:03:11,160 have to start selling some of their assets. 62 00:03:11,160 --> 00:03:13,960 I think they have the final approval to start selling them 63 00:03:14,200 --> 00:03:18,080 by this bankruptcy plan on the 13th which is on Wednesday. 64 00:03:18,560 --> 00:03:22,040 And as we've mentioned they have hundreds of millions of dollars 65 00:03:22,040 --> 00:03:26,000 of soul. They have 10s of millions 66 00:03:26,000 --> 00:03:29,040 dollars of of number of other alts as well as high Bitcoin 67 00:03:29,040 --> 00:03:30,720 holdings. But it looks like they're going 68 00:03:30,720 --> 00:03:33,800 to have to sell something like 100 to 200,000,000 per week. 69 00:03:33,800 --> 00:03:37,240 I think that total assets is something close to 3 billion, of 70 00:03:37,240 --> 00:03:42,720 which Solana is the vast majority, and the market 71 00:03:42,720 --> 00:03:45,080 suddenly woke up to it it seemingly on Saturday. 72 00:03:45,080 --> 00:03:48,400 And altcoins in particular got absolutely smashed. 73 00:03:48,840 --> 00:03:51,760 They hadn't been on a good run I think for the last 2-3 weeks. 74 00:03:52,760 --> 00:03:55,760 I think the average altcoin was probably down about 15 to 20%, 75 00:03:56,240 --> 00:03:59,400 but they were probably down another 10 to 15% over the last 76 00:03:59,400 --> 00:04:02,200 three sessions and it hasn't been feeling that good. 77 00:04:02,930 --> 00:04:07,490 A lot of doom staying on the timeline, just yeah, just just 78 00:04:07,570 --> 00:04:09,330 not feeling that that friendly to be in. 79 00:04:09,570 --> 00:04:12,090 I don't have a look at this Cali, but I felt like it wasn't 80 00:04:12,290 --> 00:04:13,010 actually. That. 81 00:04:13,250 --> 00:04:15,970 Bad. It just feels as though it just 82 00:04:15,970 --> 00:04:19,850 feels as though everyone is just, I don't know, scared of 83 00:04:19,850 --> 00:04:23,570 their own shadow at the moment. And this is a reason for us to 84 00:04:23,570 --> 00:04:27,320 just hammer the market for whatever reason we kind of want 85 00:04:27,320 --> 00:04:30,560 to. It was really this account defy 86 00:04:30,560 --> 00:04:37,680 investor that got a lot of the, got a lot of the stuff over the 87 00:04:37,680 --> 00:04:38,920 weekend they put out the first thing. 88 00:04:38,920 --> 00:04:41,280 Big selling pressure is essentially coming next week. 89 00:04:41,920 --> 00:04:44,280 FTX will likely approval to liquidate its assets on 90 00:04:44,280 --> 00:04:47,680 September 13th. FTX at three 3.4 billion in 91 00:04:47,680 --> 00:04:49,160 crypto. And then it goes to details of 92 00:04:49,160 --> 00:04:50,520 what that has. It has a bunch of different 93 00:04:50,520 --> 00:04:52,240 altcoins. Some of these are the Sam coins, 94 00:04:52,240 --> 00:04:54,880 which there is no bid for like their value to that level. 95 00:04:54,880 --> 00:04:56,680 But there's no, you know, they're not getting out of them. 96 00:04:57,080 --> 00:05:00,400 Salon is the big one. FTT, obviously. 97 00:05:00,400 --> 00:05:02,000 Who the hell owns FTT these days? 98 00:05:02,360 --> 00:05:04,640 And it's underneath. I mean these aren't big. 99 00:05:04,760 --> 00:05:05,360 These aren't. These are. 100 00:05:06,120 --> 00:05:08,560 I mean, not saying $90 million worth of these is not big, but 101 00:05:08,560 --> 00:05:13,380 it's not, it's not that big. And $268 million worth of 102 00:05:13,380 --> 00:05:15,700 Bitcoin, again, it's big, but it's not, it's not that big. 103 00:05:16,580 --> 00:05:20,980 And then they have a few others toss Doge Matic which are maybe. 104 00:05:21,060 --> 00:05:24,260 42,000,000 of those, 42,000,000 of those, that's not 105 00:05:24,500 --> 00:05:26,740 insignificant. I quite that's just a random 106 00:05:26,780 --> 00:05:29,780 thing on the balance sheet to have those has got a mark cap of 107 00:05:30,060 --> 00:05:35,140 of 9 billion. I mean it's not that big. 108 00:05:35,300 --> 00:05:37,940 I would say the bigger ones here versus multi cap are things like 109 00:05:38,020 --> 00:05:43,240 Aptos and and maybe like Matic but yeah it doesn't feel that 110 00:05:43,240 --> 00:05:46,400 bad to me But and it also looks like the vast majority he then 111 00:05:46,400 --> 00:05:49,720 kind of backtracked or whatever this D5 and his backtracked on 112 00:05:49,720 --> 00:05:54,280 this post which blew up the way and basically said oh actually 113 00:05:54,760 --> 00:05:57,200 they don't have that much to sell because that's most 114 00:05:57,400 --> 00:05:59,920 majority of the Solano is is still to be vested. 115 00:05:59,920 --> 00:06:03,000 It's going to be vested up until 2028. 116 00:06:03,080 --> 00:06:07,120 I think it's something only like 100 to $150 million worth of Sol 117 00:06:07,120 --> 00:06:10,830 out of that 700 million which they could even sell and they're 118 00:06:10,830 --> 00:06:12,790 talking about selling it over the course of weeks. 119 00:06:12,990 --> 00:06:15,990 So I don't really, I don't really know. 120 00:06:15,990 --> 00:06:18,830 This feels like it's not if you actually did the work and look 121 00:06:18,830 --> 00:06:22,670 through this stuff, it's not that big a deal, but that is 122 00:06:22,670 --> 00:06:25,350 what we are going to beat the market with today. 123 00:06:26,030 --> 00:06:27,070 What do you think? Yeah, exactly. 124 00:06:27,230 --> 00:06:30,470 I think, I think the market's just in this frame of mind where 125 00:06:30,470 --> 00:06:33,870 it's like any negative sentiment has just jumped on and reason to 126 00:06:33,870 --> 00:06:37,360 go lower. And it's been like that for 127 00:06:37,360 --> 00:06:40,280 weeks now. And then you're the headline of 128 00:06:40,480 --> 00:06:45,160 FDX dumped on market is much more interesting and easy to 129 00:06:45,160 --> 00:06:47,920 action than like digging in, looking at the lock up schedule, 130 00:06:47,920 --> 00:06:50,440 looking at the resting schedule, looking at a different spread 131 00:06:50,440 --> 00:06:53,440 across different assets, looking at what, how that compares to 132 00:06:53,720 --> 00:06:56,200 the kind of daily trading volume et cetera, et cetera, et cetera. 133 00:06:56,680 --> 00:06:59,600 These guys have an incentive to maximize the value of the stuff 134 00:06:59,600 --> 00:07:01,600 they sell. So I don't. 135 00:07:01,600 --> 00:07:04,240 They don't just click market sell on the whole thing and 136 00:07:04,240 --> 00:07:06,040 watch it. By 50%. 137 00:07:07,200 --> 00:07:10,160 But the market's kind of trading like that is the case. 138 00:07:10,480 --> 00:07:14,000 I think it's just another, yeah, cryptos in this in this funk 139 00:07:14,440 --> 00:07:18,440 especially versus like every time cryptos down like this must 140 00:07:18,440 --> 00:07:20,520 mean like NASDAQ has sold off a lot but. 141 00:07:21,120 --> 00:07:23,120 It's not been the case for weeks now. 142 00:07:25,240 --> 00:07:27,880 Which I've that's why I'm led to believe that it is this 143 00:07:27,880 --> 00:07:31,760 sentiment driven kind of like it's so over mentality where 144 00:07:31,760 --> 00:07:34,560 people are just getting caught in the spiral of negativity and 145 00:07:34,560 --> 00:07:38,720 negative news and even looking through some of the positive 146 00:07:38,720 --> 00:07:46,040 stuff like the ETF. So yeah, I don't know what snaps 147 00:07:46,480 --> 00:07:50,360 a market out of that or is it, is it snap or if it's a gradual 148 00:07:50,360 --> 00:07:54,950 kind of move? But that's just the way people 149 00:07:54,950 --> 00:08:00,030 are behaving right now, which, yeah, if it doesn't change, 150 00:08:00,030 --> 00:08:02,870 then, you know, all of a sudden you're 1850, then you're at 151 00:08:02,870 --> 00:08:06,030 1650, then you're at 1550, and then if it doesn't change, then 152 00:08:06,030 --> 00:08:08,430 you're at 12:50. And then everyone's like it 153 00:08:08,550 --> 00:08:11,110 really is over. So these things can actually 154 00:08:11,110 --> 00:08:14,070 accelerate. I think in some ways it does 155 00:08:14,070 --> 00:08:15,710 feel like that encrypt though things to accelerate. 156 00:08:15,710 --> 00:08:19,910 It's been I was having a look the other it's kind of only for 157 00:08:19,910 --> 00:08:24,030 about 12 weeks like we had a we had a brief like one week rises 158 00:08:24,030 --> 00:08:27,550 or couple week bounces but then it just like slowly dips down. 159 00:08:27,550 --> 00:08:30,750 So it's been a long, long draining period but that was 160 00:08:30,750 --> 00:08:34,789 that period where it was 11 straight weeks in 2022, which is 161 00:08:34,789 --> 00:08:37,230 tough. I would say this period is 162 00:08:37,309 --> 00:08:42,270 easily coming as my #2 for for tough period because it just 163 00:08:42,270 --> 00:08:45,390 feels it's just been like a gradual chipping away at 164 00:08:45,390 --> 00:08:48,910 confidence, which has not felt like good. 165 00:08:49,830 --> 00:08:52,630 That being said, I look at this and just go like. 166 00:08:52,950 --> 00:08:55,350 I don't know. I see massive value in. 167 00:08:55,550 --> 00:08:58,190 I see massive value in Eve and a few select things. 168 00:08:58,190 --> 00:09:00,750 I can understand why alt coins get smashed in periods like this 169 00:09:00,750 --> 00:09:04,270 because most alts are PDP. You just need them to go. 170 00:09:04,270 --> 00:09:10,030 High, but there are sums with actual burn or reward processes 171 00:09:10,030 --> 00:09:12,750 which I think can do well. And ETH is even one of them. 172 00:09:13,190 --> 00:09:16,790 You know, ETH is burning itself from Memphis and in a time where 173 00:09:16,790 --> 00:09:18,550 most other currencies are massively inflating. 174 00:09:18,550 --> 00:09:24,110 So I think also that concept of the decentralized currency which 175 00:09:24,110 --> 00:09:27,750 is deflationary is like different levels of interesting 176 00:09:27,750 --> 00:09:30,310 in this space. You mentioned that the NASDAQ is 177 00:09:30,310 --> 00:09:32,350 higher. It is higher again today. 178 00:09:32,830 --> 00:09:35,190 One of the main things that was higher today was Tesla. 179 00:09:36,670 --> 00:09:38,150 I know you're a bit of a Tesla bull. 180 00:09:39,750 --> 00:09:41,110 Did you not see my tweet this morning? 181 00:09:41,880 --> 00:09:45,040 No, I don't think anyone did. But yeah, the IT got. 182 00:09:45,040 --> 00:09:46,800 Two lights, so somebody must have seen it. 183 00:09:48,240 --> 00:09:51,000 Or two people, And then three, because I looked at it myself. 184 00:09:52,240 --> 00:09:55,200 You like your entities. A couple of boxing yourself like 185 00:09:55,200 --> 00:09:57,640 this. If you don't, if you don't like 186 00:09:57,640 --> 00:09:59,240 yourself, then why would other people like it? 187 00:10:04,520 --> 00:10:07,600 Yeah, Tesla's on the up maybe. So what's going on? 188 00:10:07,600 --> 00:10:10,440 What is this? Because I, I, I know they're big 189 00:10:10,440 --> 00:10:13,780 in, they're not. They're big in AI, but they're 190 00:10:13,780 --> 00:10:16,220 more big in robots, right. It feels like robotics is then 191 00:10:16,300 --> 00:10:18,700 is there like main thing and then this this thing called the 192 00:10:18,700 --> 00:10:22,060 Dojo. Has come out today, which looks 193 00:10:22,060 --> 00:10:24,460 like it's going to be very, very big in that field. 194 00:10:24,460 --> 00:10:27,820 So what's what is it? Unrelated to the Chimpers Dojo, 195 00:10:27,820 --> 00:10:32,340 I believe, but maybe there's a maybe there's a collab that we 196 00:10:32,340 --> 00:10:34,580 had there. Yeah. 197 00:10:34,580 --> 00:10:38,620 So for context and as a precursor, I have 94% of my 198 00:10:39,060 --> 00:10:41,900 pension in Tesla stock. Which a pension is like the 199 00:10:41,900 --> 00:10:46,540 equivalent of 401K for exactly this reason. 200 00:10:48,540 --> 00:10:50,860 You're doing it for like disclosure reasons or because 201 00:10:50,860 --> 00:10:51,740 you want to say that you're a big. 202 00:10:51,900 --> 00:10:56,700 Big, big swing. Both, both, both, yeah. 203 00:10:56,700 --> 00:10:59,740 And basically the premise is that you know self driving car 204 00:10:59,740 --> 00:11:03,660 and the kind of the AI and computer vision which will 205 00:11:03,860 --> 00:11:09,880 enable self driving is actually. The biggest use of that is in is 206 00:11:09,880 --> 00:11:14,480 in kind of autonomous robotics, which you don't gave a few 207 00:11:14,480 --> 00:11:17,360 interviews last year, which he thinks and which he stated he 208 00:11:17,360 --> 00:11:20,000 thought that this would be the actual bigger product than the 209 00:11:20,000 --> 00:11:24,080 cars themselves. And so this Dojo supercomputer 210 00:11:24,080 --> 00:11:26,840 is kind of the first step on that route, I think. 211 00:11:26,840 --> 00:11:30,360 And it's the first kind of announcement that has broadly 212 00:11:30,360 --> 00:11:33,850 woken up. The kind of mainstream media and 213 00:11:33,850 --> 00:11:36,690 a lot of the market about maybe there's something more going on 214 00:11:36,690 --> 00:11:39,210 than cars here. Essentially the self driving is 215 00:11:39,210 --> 00:11:41,650 just a training mechanism for AI so that they can use it in 216 00:11:41,650 --> 00:11:44,530 robots, because robots need to be able to see what they're 217 00:11:44,530 --> 00:11:48,250 going, see what they're doing, learn to like pick up this box, 218 00:11:48,250 --> 00:11:54,920 not that box, etc etc. And I think that's this is the I 219 00:11:54,960 --> 00:11:58,120 think you may have just dropped off the Twitter but yeah this is 220 00:11:58,120 --> 00:12:01,160 what I'm reading out I'll just share my screen again since but 221 00:12:01,160 --> 00:12:07,160 it says they think it could unlock 500 billion of value to 222 00:12:07,160 --> 00:12:13,640 10 trillion market just for robo taxis or no I think you're okay 223 00:12:13,640 --> 00:12:13,840 now. Yeah. 224 00:12:16,200 --> 00:12:18,040 No there is an echo. I think it's good. 225 00:12:18,040 --> 00:12:22,480 Yeah, it does look like Robo Taxis. 226 00:12:23,300 --> 00:12:25,100 Does anyone use Robotactics? Maybe in San Francisco? 227 00:12:25,100 --> 00:12:26,860 I'm not. I'm not familiar. 228 00:12:26,860 --> 00:12:29,260 I think there's one. There's one company which I 229 00:12:30,140 --> 00:12:31,260 can't remember the name of the company. 230 00:12:31,260 --> 00:12:34,220 There's one I think. I personally, I think self 231 00:12:34,220 --> 00:12:38,580 driving is a bit of a con, like they're never gonna. 232 00:12:38,620 --> 00:12:43,420 Well currently even if you have self driving on mode on, you 233 00:12:43,420 --> 00:12:46,140 still have to like have a hand on the wheel so that if it fails 234 00:12:46,140 --> 00:12:50,220 or if something if the computer doesn't pick up something then 235 00:12:50,220 --> 00:12:53,010 you can. Activate it and steer away from 236 00:12:53,010 --> 00:12:58,970 like a hazard or something. And in taxis, I mean, I don't 237 00:12:58,970 --> 00:13:04,970 know, just feels like a lot, a lot, a lot of tech spend getting 238 00:13:05,650 --> 00:13:08,090 spent to solve not that big of a problem. 239 00:13:08,090 --> 00:13:10,010 But haters are gonna come at me for that. 240 00:13:10,010 --> 00:13:13,970 But let them come. You have 90% of your net worth 241 00:13:13,970 --> 00:13:17,330 in this stock, to be clear. 9494% of my pension. 242 00:13:17,730 --> 00:13:18,930 But you don't really believe the story. 243 00:13:19,750 --> 00:13:22,510 Because it's long term play, no? Well, I believe the story that 244 00:13:23,190 --> 00:13:26,110 the self driving is just to teach the AI for the robots. 245 00:13:26,550 --> 00:13:30,710 Okay, okay, yeah. Humanoid robots, Like from I, 246 00:13:30,710 --> 00:13:33,310 Robot. I don't know if I'm trusting my 247 00:13:34,310 --> 00:13:36,750 daughter in a robo taxi, I just don't know if I'd do that. 248 00:13:37,030 --> 00:13:39,070 It's something that I just don't quite trust yet. 249 00:13:39,070 --> 00:13:41,510 I feel like we're probably a decade away from that actually 250 00:13:41,510 --> 00:13:43,630 happening at least, right? Or am I wrong? 251 00:13:44,670 --> 00:13:47,830 I can't even access, I can't even access this these stocks 252 00:13:47,830 --> 00:13:51,230 for 20 years, 25 years, right? So that's kind of perfect. 253 00:13:51,870 --> 00:13:53,070 Perfect. Yeah, it does. 254 00:13:53,750 --> 00:14:00,910 Oh my God, it feels like despite macro doing well, it is on its 255 00:14:00,910 --> 00:14:03,830 way to 0. It's at 1560 right now and 256 00:14:03,830 --> 00:14:07,110 Bitcoin is paying onto 25K by thread. 257 00:14:08,150 --> 00:14:11,030 It does feel like looking around for what else is causing this 258 00:14:11,030 --> 00:14:12,990 weakness is not going to happen. It does feel like stocks. 259 00:14:13,460 --> 00:14:14,940 Everything's doing a bit of OK today. 260 00:14:14,940 --> 00:14:18,860 Nastec's up half a percent. Rest stocks are up higher, Bonds 261 00:14:18,860 --> 00:14:21,060 are, bonds are slightly wider, higher. 262 00:14:21,060 --> 00:14:26,140 But yeah, who knows? Away from that NF T's, what's 263 00:14:26,140 --> 00:14:28,900 going on in crypto that actually does seem to be active? 264 00:14:28,940 --> 00:14:33,380 Again, friend tech seems to have overtaken NFT volumes, NFT 265 00:14:33,380 --> 00:14:36,020 volumes, I think you know, successive blows. 266 00:14:36,020 --> 00:14:39,980 Again, at the moment it is a little bit tough I think to be 267 00:14:39,980 --> 00:14:42,980 in the NFT space, but Tyler, who is a great follower in the 268 00:14:42,980 --> 00:14:47,220 space, runs Lucky Trader Friend. Tech Trading volume was 12.3 269 00:14:47,220 --> 00:14:49,540 million yesterday. Total NFT trading volume on Eve 270 00:14:49,580 --> 00:14:55,540 was just 9.15 million. I think I saw another tweet by 271 00:14:55,540 --> 00:14:58,980 Punk 959. They seem to go back and forth a 272 00:14:58,980 --> 00:15:04,060 lot on data, but saying that this is the third time that's 273 00:15:04,060 --> 00:15:07,580 actually happened. Look. 274 00:15:08,020 --> 00:15:10,820 Yeah, that's it. Yeah. 275 00:15:10,900 --> 00:15:12,980 Yeah, there we go. This one. 276 00:15:13,900 --> 00:15:14,700 Hi. In the friend tech. 277 00:15:14,700 --> 00:15:16,780 This is actually the third time it's happened. 278 00:15:17,780 --> 00:15:20,500 And I don't know, feels like the stuff going on there. 279 00:15:21,020 --> 00:15:23,340 It does. I'm not saying it's not a Ponzi 280 00:15:23,420 --> 00:15:26,260 one of these are Ponzi that. Not saying that this, this. 281 00:15:26,660 --> 00:15:28,380 This is a way to financial freedom. 282 00:15:28,420 --> 00:15:30,340 I'm just saying that people are on that app. 283 00:15:30,420 --> 00:15:32,980 I can see it. I'm in a few chat, chat rooms, 284 00:15:33,420 --> 00:15:35,500 you can, you can just see the conversation happening. 285 00:15:35,500 --> 00:15:37,620 I thought that was kind of a bright spot even for crypto like 286 00:15:37,620 --> 00:15:41,490 that is a big target addressable market if they get something 287 00:15:41,490 --> 00:15:43,810 like this right? But at the moment, it feels like 288 00:15:43,810 --> 00:15:46,730 there's still a lot of questions about it, but it's dominating 289 00:15:46,810 --> 00:15:48,650 volumes. What's your view on? 290 00:15:48,650 --> 00:15:50,450 Is it sustainable? That's the key with all this 291 00:15:50,450 --> 00:15:53,800 stuff like. You know, it did more fees than 292 00:15:53,800 --> 00:15:56,200 like the theory of network in a certain 24 hour period or 293 00:15:56,200 --> 00:15:58,120 whatever. But the theory of network, the 294 00:15:58,280 --> 00:16:00,800 the great thing about the theory of network versus everything 295 00:16:00,800 --> 00:16:02,520 else that's come and gone is that it's still here. 296 00:16:02,640 --> 00:16:05,840 And I think that is like so important in this space when in 297 00:16:06,280 --> 00:16:08,760 this space or in any other text space where there's new things 298 00:16:08,760 --> 00:16:12,560 coming out all the time and everything is new and exciting 299 00:16:12,560 --> 00:16:15,720 for the first few weeks. But it's about that like month, 300 00:16:15,720 --> 00:16:19,760 six months, year, two years, three years, five years and do 301 00:16:19,760 --> 00:16:24,830 you think this can sustain? To that kind of level or not, I 302 00:16:24,830 --> 00:16:28,230 think the fees will have to come down substantially for it to do 303 00:16:28,230 --> 00:16:30,430 that. It's like a 10% entry and exit 304 00:16:30,430 --> 00:16:35,110 fee for this app. And I think that only makes 305 00:16:35,110 --> 00:16:40,190 sense when there's an air drop and an air drop that people will 306 00:16:40,190 --> 00:16:43,910 think will be valuable, which I think this could be like a 307 00:16:44,190 --> 00:16:48,110 hundreds of $1,000,000 air drop. Like if Blur came in as hard as 308 00:16:48,110 --> 00:16:51,440 it did, I think something like this could come in 10s of 309 00:16:51,440 --> 00:16:53,160 1,000,000, maybe like 100,000,000, something like 310 00:16:53,160 --> 00:16:54,480 that. I do think that that's a fully 311 00:16:54,640 --> 00:16:55,600 market value, something like this. 312 00:16:55,600 --> 00:16:59,120 So I do think that's people will play the game and be happy to 313 00:16:59,120 --> 00:17:02,000 lose some money if they think they're going to make net that 314 00:17:02,000 --> 00:17:03,800 amount. We've seen that with Blur 315 00:17:03,800 --> 00:17:08,359 Farmers, right. But but I do think for this to 316 00:17:08,359 --> 00:17:11,240 be a long term sustainable platform, that's too high, 317 00:17:11,480 --> 00:17:13,119 that's just way too high. So I think it's going to have to 318 00:17:13,119 --> 00:17:15,319 come down that bonding curve is going to be far less aggressive 319 00:17:15,800 --> 00:17:19,700 and I actually think. In some ways there was some, 320 00:17:19,780 --> 00:17:21,740 there was some criticism actually, because there was a, 321 00:17:22,540 --> 00:17:25,420 there was an only fans creator who left the platform. 322 00:17:25,420 --> 00:17:27,380 I don't know if you saw that. I saw that. 323 00:17:27,380 --> 00:17:30,500 Yeah, yeah, yeah. On I did not own keys or 324 00:17:30,660 --> 00:17:35,060 subscribe, yeah. I think Cyrus maybe posted about 325 00:17:35,060 --> 00:17:40,740 that over the weekend but basically said pretty damning if 326 00:17:40,740 --> 00:17:43,580 I'm honest. Only fans, girls who whose keys 327 00:17:43,580 --> 00:17:45,700 are down $0.90 for the high and now she's leaving friend debt 328 00:17:45,700 --> 00:17:47,300 because it's a crypto circle jerk. 329 00:17:48,390 --> 00:17:50,350 More on why I'm leaving. I don't believe in this app 330 00:17:50,350 --> 00:17:53,030 because it will just it's just a crypto circle jerk and will die 331 00:17:53,030 --> 00:17:54,910 there. There is no longevity or 332 00:17:54,910 --> 00:17:56,550 creators unless the crypto cronies. 333 00:17:56,750 --> 00:17:58,910 I really try to understand the space etcetera, but I just don't 334 00:17:58,910 --> 00:18:00,390 see the future. Influencers can grow. 335 00:18:00,670 --> 00:18:03,150 I've yet seen any influencer who wants to say the name for a few 336 00:18:03,150 --> 00:18:05,230 trading fees when crypto is considered to be space and 337 00:18:05,230 --> 00:18:07,030 posting different hot picks here isn't going to do it. 338 00:18:07,310 --> 00:18:09,750 People are broke on only fans. Even sponsors are broke. 339 00:18:09,750 --> 00:18:11,430 Everyone's broke. This economy sucks and they 340 00:18:11,430 --> 00:18:14,590 normally are going to say that. Wow, so enjoy it. 341 00:18:14,590 --> 00:18:17,230 It was deaf fun, but I see it from the outside. 342 00:18:17,350 --> 00:18:20,390 It's so over. No, it's so. 343 00:18:20,470 --> 00:18:23,030 It does feel like that is legitimate. 344 00:18:23,310 --> 00:18:25,110 I actually read that and I was like I get it. 345 00:18:25,590 --> 00:18:28,190 And I don't understand what. She's saying, she's basically 346 00:18:28,190 --> 00:18:31,230 saying that no one's going to come here because number one, 347 00:18:32,030 --> 00:18:34,230 there is, I mean it's still a little bit difficult. 348 00:18:34,270 --> 00:18:37,590 Like my wife over the weekend was like can I go on to friend 349 00:18:37,590 --> 00:18:39,590 tech And she was like you have to set up my account. 350 00:18:39,590 --> 00:18:42,910 I was like that is just, you know, you don't want to have 351 00:18:42,910 --> 00:18:43,950 that. You want to have somebody who 352 00:18:43,950 --> 00:18:46,030 just feels comfortable and doing something like that. 353 00:18:46,030 --> 00:18:48,920 So I still think there's there's barriers to entry in people 354 00:18:50,080 --> 00:18:52,720 doing that sort of stuff, which is what she's also saying. 355 00:18:52,720 --> 00:18:55,480 But I also think that it's a it's it's an expensive platform 356 00:18:55,560 --> 00:18:57,720 for what it is. It's an expensive platform which 357 00:18:57,720 --> 00:18:59,920 is a crypto circle jerk right now about an AirDrop. 358 00:19:00,240 --> 00:19:02,000 And you can. Feel it from the chat rooms 359 00:19:02,000 --> 00:19:04,520 because everyone's talking about how to maximize their AirDrop 360 00:19:04,520 --> 00:19:08,280 value. What it has to turn into to be 361 00:19:08,680 --> 00:19:11,480 like actually work long term is not just be about that. 362 00:19:12,360 --> 00:19:15,200 And I there are there are rooms which aren't aren't about that 363 00:19:15,730 --> 00:19:17,490 and I think. Do you think, do you think it 364 00:19:17,490 --> 00:19:19,970 can go like, survive past the AirDrop? 365 00:19:20,010 --> 00:19:22,170 My gut says no. I think it can. 366 00:19:22,850 --> 00:19:25,490 Remember, remember, Paradigm are not idiots, right? 367 00:19:25,530 --> 00:19:28,530 There's AirDrop one, There's AirDrop 2, there's AirDrop 2. 368 00:19:30,360 --> 00:19:34,360 Season three, season three, season three, like they know 369 00:19:34,360 --> 00:19:37,680 what they did. Anyway there were the other big 370 00:19:37,680 --> 00:19:40,560 thing for macro this week and we didn't quite talk about it 371 00:19:40,560 --> 00:19:42,280 before is what's going on in inflation. 372 00:19:42,280 --> 00:19:45,000 There are two big well there's there's a few different data 373 00:19:45,000 --> 00:19:46,760 points this week. Wednesday and Thursday are the 374 00:19:46,760 --> 00:19:51,480 days to look out for. They are around CPI, PPI and 375 00:19:51,480 --> 00:19:54,440 retail sales all happening in the US that is that is consumer 376 00:19:54,560 --> 00:19:59,470 inflation, produce inflation and and then retail sales which is 377 00:19:59,470 --> 00:20:02,630 quite big for in the US Oil at the moment is looks like it's 378 00:20:02,630 --> 00:20:06,430 heading above 100 again, which is a real big risk for what's 379 00:20:06,430 --> 00:20:09,390 going on in the inflation narrative around the world. 380 00:20:09,750 --> 00:20:11,870 Everyone was hoping the Feb be out to reduce rates. 381 00:20:12,670 --> 00:20:15,990 There is an expectation that inflation will go up to 3.6%. 382 00:20:16,710 --> 00:20:18,750 Part of that is driven by a rise in commodities. 383 00:20:18,750 --> 00:20:21,230 Again, what do you think about the global oil market? 384 00:20:22,590 --> 00:20:27,790 Tight, tight. It's, yeah, the Goldilocks 385 00:20:27,790 --> 00:20:31,110 scenario of, you know, everything going right. 386 00:20:31,310 --> 00:20:38,070 The oil market is basically lots of people who don't usually get 387 00:20:38,070 --> 00:20:41,270 along, shall we say, trying to get along for Economic 388 00:20:41,270 --> 00:20:45,990 Cooperation like, you know, US and Russia, like Saudi and Iran. 389 00:20:46,710 --> 00:20:51,700 Lots of smaller producers as well who have either regional 390 00:20:51,700 --> 00:20:53,660 differences or something like that. 391 00:20:53,820 --> 00:20:57,700 And you know sometimes it works really well and it kind of all 392 00:20:57,700 --> 00:20:59,940 moves together. So but surely at the moment I 393 00:20:59,940 --> 00:21:02,820 just feel like the whole thing is so fragmented and so moving 394 00:21:02,820 --> 00:21:04,980 in opposite directions. And when you couple that 395 00:21:04,980 --> 00:21:10,140 together with the US draining the Strategic Petroleum Reserve 396 00:21:10,140 --> 00:21:13,620 to like levels I think never seen before, like very, very low 397 00:21:13,620 --> 00:21:16,620 anyway and Biden not give it not. 398 00:21:17,460 --> 00:21:20,420 Drilling as much and not giving new leases and all this kind of 399 00:21:20,420 --> 00:21:23,220 stuff just feels like a recipe for disaster. 400 00:21:23,220 --> 00:21:25,980 I don't know in terms of it going up much, much higher. 401 00:21:26,500 --> 00:21:28,740 So I think I. Put this out maybe yesterday. 402 00:21:30,900 --> 00:21:35,780 the US Strategic Oil Reserve, which is, which is basically 403 00:21:35,980 --> 00:21:38,860 what the US Keepton Reserve in case shit gets really bad. 404 00:21:39,300 --> 00:21:42,260 It's now at the lowest level since 1983. 405 00:21:43,260 --> 00:21:47,710 It's 40 years and is that when they were stocking it to begin 406 00:21:47,710 --> 00:21:49,990 with as well? So that's like on the way out. 407 00:21:50,150 --> 00:21:51,790 God it does. This is only. 408 00:21:51,790 --> 00:21:54,910 Part of the strategic reserve so that the much bigger one is the 409 00:21:54,910 --> 00:21:58,870 commercial one that you hear reported about tweak and people 410 00:21:58,870 --> 00:22:02,310 trade off the back of that. But yeah, this basically what 411 00:22:02,310 --> 00:22:05,790 happened is when everyone decided they were gonna hike oil 412 00:22:05,790 --> 00:22:08,310 prices, the US started dipping into this. 413 00:22:09,110 --> 00:22:12,470 They don't have that much. Left, so it's not looking great. 414 00:22:12,750 --> 00:22:15,270 I think oil could easily head above 100 here. 415 00:22:15,990 --> 00:22:19,070 I think Saudi Arabia is incredibly keen on that 416 00:22:19,070 --> 00:22:22,750 happening because they are going to do a big sale of that big oil 417 00:22:22,750 --> 00:22:24,590 company. The. 418 00:22:24,830 --> 00:22:29,110 Big equity sale of that RAMCO, yeah, in the in the in the 419 00:22:29,110 --> 00:22:31,910 coming months. So the price of oil being high, 420 00:22:32,270 --> 00:22:34,150 it's very important for that. I think they're trying to do 421 00:22:34,150 --> 00:22:35,670 another 50 billion or something of that. 422 00:22:35,670 --> 00:22:41,080 So it also helps kind of, you know, it helps Russia because 423 00:22:41,080 --> 00:22:43,600 they're selling oil across the world where they're meant to be 424 00:22:43,600 --> 00:22:46,280 or not. It's bad for the Biden 425 00:22:46,280 --> 00:22:51,640 administration because one way to not get reelected is to put 426 00:22:51,640 --> 00:22:54,880 the price of oil up or put the price of gasoline at the pump 427 00:22:55,040 --> 00:22:57,480 up. And all these guys know that, 428 00:22:57,480 --> 00:22:58,720 right? Like the Saudis know that, the 429 00:22:58,720 --> 00:23:02,440 Russians know that. And the US foreign policy under 430 00:23:02,440 --> 00:23:05,690 Biden has not been particularly. Respectful. 431 00:23:05,690 --> 00:23:08,410 Maybe it's the right word to people like Saudi. 432 00:23:09,570 --> 00:23:12,890 So they're turning up the pressure a little bit, yeah. 433 00:23:13,010 --> 00:23:17,690 I think you're right in that it's a bunch of people not being 434 00:23:17,690 --> 00:23:20,730 friends with each other, and over the last two years they've 435 00:23:20,730 --> 00:23:22,410 become even worse friends with each other. 436 00:23:22,410 --> 00:23:26,010 So the chance of data coming together and somehow solving 437 00:23:26,010 --> 00:23:30,750 this seems low I think. Biden will probably continue to 438 00:23:30,750 --> 00:23:33,430 dip into that reserve, given it's heading into an action 439 00:23:33,430 --> 00:23:35,590 cycle. But of course, of course that 440 00:23:35,590 --> 00:23:39,830 goes without saying for me. I don't know at what level you 441 00:23:40,310 --> 00:23:44,910 you can't like I I vaguely remember that there being kind 442 00:23:44,910 --> 00:23:48,790 of a strategic point where you you have to have whatever it is 443 00:23:48,790 --> 00:23:52,350 150,000 barrels in there in case like the world economy shuts 444 00:23:52,350 --> 00:23:54,430 down or something like that the higher. 445 00:23:54,430 --> 00:23:57,910 Oil goes, remember, the more naturally shale is coming back 446 00:23:57,910 --> 00:24:01,990 onto the market it feels like, so it does feel like there is 447 00:24:02,310 --> 00:24:06,350 some structural changes here. Remember, as all goes higher, 448 00:24:06,390 --> 00:24:11,590 more people are well, we'll want to bring it out of the ground 449 00:24:11,630 --> 00:24:13,870 and. That normally has a self 450 00:24:13,870 --> 00:24:18,270 correcting policy, but yeah there's a lot of oil in the US, 451 00:24:18,430 --> 00:24:20,390 there is, there is unbelievable amounts. 452 00:24:20,390 --> 00:24:23,790 So it is still surprising to me that they they would be so 453 00:24:23,790 --> 00:24:24,870 worried about something with this. 454 00:24:25,870 --> 00:24:28,870 Anyway, that was a. That was just a point to watch 455 00:24:28,870 --> 00:24:31,470 out for this week. It could mean surprise 456 00:24:31,470 --> 00:24:35,190 inflation, which again could mean macro goes lower and crypto 457 00:24:35,230 --> 00:24:40,310 is going to zero and then. I saw that I saw today. 458 00:24:40,310 --> 00:24:44,230 Was was gaming? I don't know if you saw, but 459 00:24:44,230 --> 00:24:49,790 Anna Mocha, Anna, Mocha seemingly got some investment 460 00:24:49,790 --> 00:24:51,990 from Saudi Arabia. Recently. 461 00:24:51,990 --> 00:24:53,790 There was another headline that Saudi Arabia was looking to 462 00:24:54,150 --> 00:24:55,870 strategically move into blockchain and gaming. 463 00:24:56,590 --> 00:24:59,270 And then I saw today that Mochaverse, which is their 464 00:24:59,270 --> 00:25:05,110 metaverseile project raised. Oh no, that was yesterday. 465 00:25:05,670 --> 00:25:10,830 That was Swoosh joining. That was linked to this raise, 466 00:25:10,830 --> 00:25:14,000 but they. They raised $20 million, which 467 00:25:14,360 --> 00:25:16,000 was high. Like I haven't. 468 00:25:16,000 --> 00:25:17,320 Seen a raise like that from an NFT? 469 00:25:18,200 --> 00:25:24,960 Maybe it got the wrong thing, yeah? 470 00:25:26,680 --> 00:25:31,680 High. It looks like it's, you know, 471 00:25:31,680 --> 00:25:35,640 they haven't really said who? CCM Global. 472 00:25:37,940 --> 00:25:41,300 Scott Mavis obviously by an AXI Infinity who's very, very close 473 00:25:41,300 --> 00:25:45,860 yet to these people. CCNCC global oh God, this is 474 00:25:45,860 --> 00:25:48,700 like a it's. Like a? 475 00:25:48,700 --> 00:25:55,540 Classic VC website, doesn't it? Anyway, that's why it does feel 476 00:25:55,540 --> 00:25:57,100 as though. Also, the other big token that's 477 00:25:57,100 --> 00:25:59,460 been up recently is this prime token which is linked to 478 00:25:59,460 --> 00:26:02,420 parallel. What do you think? 479 00:26:02,420 --> 00:26:04,300 About crypto gaming, do you think we're going to have that's 480 00:26:04,300 --> 00:26:07,020 going to be the the bright spot of 2020? 481 00:26:07,430 --> 00:26:13,750 3/24 it's it feels very intuitive to me that you know, 482 00:26:13,750 --> 00:26:16,310 you can't have in game, you can't have virtual worlds 483 00:26:16,310 --> 00:26:18,670 without virtual economies, I think. 484 00:26:18,670 --> 00:26:22,990 But the design of those and avoiding the temptation for them 485 00:26:22,990 --> 00:26:27,310 to have Ponzi Normics is very difficult for people who for 486 00:26:27,310 --> 00:26:30,830 game developers, for game owners, for IP owners, 487 00:26:31,470 --> 00:26:34,670 everybody's out to maximize their own kind of cut the pie 488 00:26:34,670 --> 00:26:37,070 and gamers often lose out because of that. 489 00:26:37,070 --> 00:26:42,350 I think like when I was when I was a kid that you could level 490 00:26:42,350 --> 00:26:46,430 up swords on like Runescape for example and then sell them on 491 00:26:46,430 --> 00:26:49,670 eBay and you know you could buy FIFA Ultimate Points on eBay. 492 00:26:49,870 --> 00:26:53,910 And so when I thought of NF these as gaming items this it 493 00:26:53,910 --> 00:26:56,950 immediately took me back there and and made a lot of sense. 494 00:26:57,910 --> 00:27:02,550 But it just the people involved need to design economies and 495 00:27:02,550 --> 00:27:07,430 mechanisms for earning that aren't just or play to win like 496 00:27:07,630 --> 00:27:13,350 sorry a pay to win. Where you know, you know I'm a 497 00:27:13,350 --> 00:27:15,630 asset rich, I'm poor, 50 year old. 498 00:27:15,830 --> 00:27:17,670 I think some of them are, but a lot are not. 499 00:27:17,670 --> 00:27:19,670 It's a little bit. Dated now, because Anna Mocha 500 00:27:19,670 --> 00:27:20,830 got a lot of crap for that, right? 501 00:27:20,830 --> 00:27:24,630 And as did Yeah, yeah, for for just pushing the play to earn. 502 00:27:25,230 --> 00:27:27,550 I think they're now they're thinking stuff in a different 503 00:27:27,550 --> 00:27:29,010 way. I mean I hope. 504 00:27:29,490 --> 00:27:32,730 I think Gap who came on the show a bunch of times, well just once 505 00:27:32,730 --> 00:27:34,330 I see. But he was unbelievably smart 506 00:27:34,330 --> 00:27:36,970 when he came on. I think he gets that that's not 507 00:27:36,970 --> 00:27:40,130 what the market wants. So I totally this is a 20 508 00:27:40,130 --> 00:27:41,890 million raise now play to earn model. 509 00:27:41,890 --> 00:27:45,010 I think play to win. Sorry, I meant in terms of like 510 00:27:45,010 --> 00:27:50,570 if I'm as a risk yeah time poor. I can just buy the best gun and 511 00:27:50,570 --> 00:27:55,370 kill everyone in the game. And yeah, I don't know, it's 512 00:27:55,410 --> 00:27:59,030 interesting and you have to design the economy to support it 513 00:27:59,030 --> 00:28:02,750 properly, but I think it can be a right spot. 514 00:28:02,750 --> 00:28:04,790 I'll be interested to know what they're going to spend this on, 515 00:28:04,790 --> 00:28:08,750 because there was another great post about all of the previous 516 00:28:08,750 --> 00:28:12,350 kind of crypto gaming firms that had raised capital and none of 517 00:28:12,350 --> 00:28:17,070 them or very few of them of the big raises have really followed 518 00:28:17,070 --> 00:28:20,350 through with kind of. Really meaningful product 519 00:28:20,390 --> 00:28:24,380 launches. So yeah, I'm on the lookout for 520 00:28:24,380 --> 00:28:26,860 actually meaningful product launches rather than meaningful 521 00:28:26,860 --> 00:28:29,180 raises at this point. Yeah. 522 00:28:29,500 --> 00:28:33,500 Well, Mochaverse Nst's are up about 80% on the week, so people 523 00:28:33,820 --> 00:28:36,180 do this as valuable. Anna Mocha's a huge company, 524 00:28:36,180 --> 00:28:37,620 obviously. They're clearly gonna be around 525 00:28:37,780 --> 00:28:41,180 in the couple of years to come. So yeah, maybe it's an 526 00:28:41,180 --> 00:28:44,380 interesting play. That's why I was a little bit 527 00:28:44,380 --> 00:28:46,740 surprised about the raise itself, though, because Anna 528 00:28:46,740 --> 00:28:48,860 Mocha is so big, right? Like, why don't they just fund 529 00:28:48,860 --> 00:28:52,170 it themselves? Good question. 530 00:28:52,330 --> 00:28:54,890 Maybe things aren't at Amoca that we thought. 531 00:28:55,170 --> 00:28:58,250 Yeah, exactly. Well, they haven't got 20 532 00:28:58,250 --> 00:29:00,850 million shit. Yeah, maybe it's. 533 00:29:00,850 --> 00:29:03,410 Just like Cross, I don't know, it's a good point. 534 00:29:03,410 --> 00:29:05,210 I mean Alamoca definitely have 20 million. 535 00:29:05,210 --> 00:29:08,050 I think they just invested sort of that amount in like tiny tap 536 00:29:08,050 --> 00:29:09,130 or something like that, didn't they? 537 00:29:09,730 --> 00:29:11,650 Yeah, about that a few months ago, so. 538 00:29:13,850 --> 00:29:16,670 Surprising. Maybe that's great little one. 539 00:29:17,710 --> 00:29:21,910 Anyway, yeah, that's. To Alien Queen who is gonna be 540 00:29:21,910 --> 00:29:26,230 our stubs artists for the week. Obviously a massive friend of 541 00:29:26,950 --> 00:29:30,670 the show. Hey, how are you and Queen? 542 00:29:31,110 --> 00:29:31,430 I'm good. How? 543 00:29:31,750 --> 00:29:34,750 Are you guys doing? We are doing awesome. 544 00:29:35,590 --> 00:29:38,590 Unfortunately, OSF is flying. I don't think he even realized 545 00:29:38,670 --> 00:29:41,070 you were coming on this week, as I'm sure you didn't really. 546 00:29:41,390 --> 00:29:42,190 Realize. You were coming. 547 00:29:42,190 --> 00:29:43,630 I didn't. Really realize you. 548 00:29:45,560 --> 00:29:46,240 You don't. Tell me. 549 00:29:46,240 --> 00:29:48,440 Yeah, you. Texted me about 15 minutes 550 00:29:48,440 --> 00:29:49,800 before the show being like, oh crap. 551 00:29:52,240 --> 00:29:53,800 But it. Is awesome to have you on 552 00:29:53,800 --> 00:29:57,960 obviously me and you and OSF and Cal. 553 00:29:57,960 --> 00:30:01,920 So to a certain extent go way back in the case, we go back all 554 00:30:01,920 --> 00:30:06,600 the way to the start of the gents really and varies from 555 00:30:06,600 --> 00:30:09,120 project we've seen you see massive success in the space. 556 00:30:09,730 --> 00:30:13,730 Across one of ones we obviously did a project together called 557 00:30:13,730 --> 00:30:17,730 Tabs which is just a great project and cut based in the 558 00:30:17,730 --> 00:30:23,570 Discord which I'm a big fan of and yeah we are super excited to 559 00:30:23,570 --> 00:30:24,930 have you on as our Stubs last week. 560 00:30:24,930 --> 00:30:27,370 We didn't do Stubs last week by the way. 561 00:30:27,450 --> 00:30:32,890 The code for today at Radioforce Stubs is ALIEN QUEEN ALL CAPS, 562 00:30:33,010 --> 00:30:35,890 ALIEN QUEEN ALL CAPS. Want to go on there? 563 00:30:36,130 --> 00:30:38,530 You'll be able to claim your Subs for today, but yeah, how 564 00:30:38,530 --> 00:30:39,290 are? You doing in Queen. 565 00:30:39,330 --> 00:30:44,290 What are you doing and have you? Is the piece up? 566 00:30:44,290 --> 00:30:46,210 I think it's making, yes. It is. 567 00:30:46,370 --> 00:30:47,890 Have you seen it? It's pretty cool. 568 00:30:48,290 --> 00:30:49,570 I didn't. Get the chance, but I'll. 569 00:30:51,570 --> 00:30:53,930 See what you're? Doing at the moment and you've 570 00:30:54,570 --> 00:30:57,210 been there for the last maybe a month or two, OK. 571 00:30:57,370 --> 00:31:00,810 Yeah, so I'm working on something with. 572 00:31:01,090 --> 00:31:04,090 I'm part of the outliers program with transient labs. 573 00:31:04,690 --> 00:31:08,490 With Proof and Kevin Rose. So I'm working on actually a 574 00:31:08,490 --> 00:31:15,370 massive dynamic NFT piece. It's really ambitious, so I 575 00:31:15,370 --> 00:31:20,050 can't wait to share with you guys with that. 576 00:31:20,050 --> 00:31:24,250 So it's taking like a really long time because I have all 577 00:31:24,250 --> 00:31:28,570 these ideas with it. So hopefully it'll be everyone 578 00:31:28,570 --> 00:31:31,810 will enjoy it when I release it. And then? 579 00:31:33,850 --> 00:31:36,690 Yeah, really good. They do some great projects 580 00:31:36,690 --> 00:31:38,810 alongside artists in space, so that sounds awesome. 581 00:31:38,930 --> 00:31:41,930 I didn't realize that was alongside Moonbirds as well. 582 00:31:42,050 --> 00:31:43,490 Or Kevin Rose. Yeah. 583 00:31:43,490 --> 00:31:46,690 That's awesome. So yeah, I'm pretty backed up on 584 00:31:46,690 --> 00:31:51,010 that. And then I think I'm gonna be 585 00:31:51,010 --> 00:31:57,370 doing an exhibit in Dubai with Art and Space Gallery next year. 586 00:31:57,850 --> 00:32:02,140 Yeah, wow. I've never been there, so I'm 587 00:32:02,140 --> 00:32:03,460 excited. That'd be fun. 588 00:32:03,460 --> 00:32:04,220 I. Think they do some really good 589 00:32:04,220 --> 00:32:08,220 art events. They've got like a real art 590 00:32:08,220 --> 00:32:10,220 community out there. I know then they've hosted a 591 00:32:10,220 --> 00:32:12,020 bunch of events. I think Art Week in Dubai is 592 00:32:12,020 --> 00:32:14,980 always like a big event. Yeah, Obi went. 593 00:32:14,980 --> 00:32:17,660 There last year or this year? Yeah, that's so cool. 594 00:32:17,860 --> 00:32:20,940 That's so cool. So, but that's it. 595 00:32:21,100 --> 00:32:22,700 I just, I'm trying to pace myself. 596 00:32:23,540 --> 00:32:25,500 Yeah, you've had a. Busy year so far. 597 00:32:26,060 --> 00:32:27,900 Yeah. Just started. 598 00:32:27,900 --> 00:32:31,220 Pointing to the rec show yes. I can't wait to get wrecked with 599 00:32:31,220 --> 00:32:32,540 you guys. I need it. 600 00:32:34,740 --> 00:32:35,860 I think we all. Need it right? 601 00:32:36,100 --> 00:32:38,500 Yeah, we. All need it. 602 00:32:39,460 --> 00:32:41,260 Somebody's wrecked. I think they always. 603 00:32:41,260 --> 00:32:43,180 Do better during bear markets than they do during bull 604 00:32:43,180 --> 00:32:44,700 markets. Then everyone's just surprised 605 00:32:44,700 --> 00:32:47,300 that people have even shown up. You know, that's that's, that's 606 00:32:47,300 --> 00:32:50,380 the utility, yeah. Yeah, this. 607 00:32:50,380 --> 00:32:53,060 Piece is awesome. I didn't even see it until now. 608 00:32:53,140 --> 00:32:55,380 This is wrecked. Wrecked morning. 609 00:32:55,890 --> 00:32:56,970 Yes. An ODE. 610 00:32:56,970 --> 00:32:58,810 To rec guy at the same time, it's ODE. 611 00:32:58,810 --> 00:33:04,210 To rec guy, it's ode to the the whole market right now and the 612 00:33:04,210 --> 00:33:06,850 bear market everything. But we're still around. 613 00:33:06,850 --> 00:33:12,090 So we're not dead yet, right. So not on the outside. 614 00:33:12,170 --> 00:33:15,970 Not on the outside, anyway. I know, just on the inside. 615 00:33:16,450 --> 00:33:18,570 Is this what is? So is this meant to be what rec 616 00:33:18,570 --> 00:33:20,970 guy looks like under the hoodie? Is that? 617 00:33:20,970 --> 00:33:22,730 Yeah, kind of. Wow, yeah. 618 00:33:25,160 --> 00:33:28,680 But we're still around, right? Cool, I'm still here. 619 00:33:28,920 --> 00:33:30,960 It's drinking wrecked coffee. It's wrecked. 620 00:33:31,000 --> 00:33:32,680 Coffee. I was like, is that soup or is 621 00:33:32,680 --> 00:33:34,440 that okay? It could be anything. 622 00:33:34,760 --> 00:33:39,480 I just drew some massive mug and I was like, it's like toxic 623 00:33:39,480 --> 00:33:42,280 wrecked juice probably. Yeah, we used to. 624 00:33:42,280 --> 00:33:43,840 Start serving that at the wrecked shows. 625 00:33:43,840 --> 00:33:45,400 I was like, wow that. Would be awesome. 626 00:33:45,800 --> 00:33:49,080 Wow, we kind of right there's wrecked juice. 627 00:33:50,280 --> 00:33:51,760 We. Are having it some stuff. 628 00:33:53,450 --> 00:33:56,530 We should maybe go into your history as an artist a little 629 00:33:56,530 --> 00:33:58,970 bit, like maybe for the audience who don't don't know you like 630 00:33:58,970 --> 00:34:01,650 maybe a bit of background and and how you got into this this 631 00:34:01,650 --> 00:34:04,050 style, it would be really cool to hear. 632 00:34:05,090 --> 00:34:08,570 Yeah, so I've always been an artist my whole life and went to 633 00:34:08,570 --> 00:34:14,210 school for animation, everything and then heard about the NFT 634 00:34:14,210 --> 00:34:17,130 space and was like, wow, this is really awesome. 635 00:34:17,130 --> 00:34:21,449 It does give an opportunity to digital artists like me and then 636 00:34:21,530 --> 00:34:24,929 join the space. I started off doing like 637 00:34:26,010 --> 00:34:32,929 psychedelic Cambodian, like part of my culture did that and then 638 00:34:32,929 --> 00:34:36,530 people like that as well. But then I I'm going to have to 639 00:34:36,530 --> 00:34:41,409 say, when DJ's came out, it really released my true self 640 00:34:41,409 --> 00:34:44,969 like me as a person personality. And I thought like, wow, I 641 00:34:44,969 --> 00:34:50,010 really relate to this community. So I entered the competition. 642 00:34:50,500 --> 00:34:55,980 Did the crazy degens that went viral and then after that I just 643 00:34:55,980 --> 00:34:58,220 felt really free. I mean, I would thank you guys 644 00:34:58,220 --> 00:35:02,100 for having degens. And then I just started to be 645 00:35:02,100 --> 00:35:07,780 myself and you know, I'm I love psychedelics and weed and 646 00:35:07,780 --> 00:35:12,260 everything and skate culture, the 90s Beavis and Butthead. 647 00:35:12,860 --> 00:35:17,980 And then and then I've always wanted to be like a comic book 648 00:35:17,980 --> 00:35:21,030 artist or work at Adult Swim. All that stuff. 649 00:35:21,030 --> 00:35:27,710 So I started to illustrate my experiences or my feelings, but 650 00:35:27,790 --> 00:35:34,030 but by using characters so you can see and the girls are like 651 00:35:34,110 --> 00:35:36,470 based on me. And then I just tripped them 652 00:35:36,470 --> 00:35:39,870 out, like, you know, they're all me, even the skeletons and 653 00:35:39,870 --> 00:35:43,670 everything. Because underneath it all we're 654 00:35:43,670 --> 00:35:47,670 skeletons, right. So I just, yeah. 655 00:35:47,670 --> 00:35:52,840 So I just tried to. Well, I wanted people to relate 656 00:35:52,840 --> 00:36:00,360 with me and relate with the skull characters as well. 657 00:36:02,160 --> 00:36:04,480 So yeah, that's how I draw my feelings. 658 00:36:05,320 --> 00:36:07,200 Just life. And Death series that you did 659 00:36:07,200 --> 00:36:11,720 recently, you've got no one of ones for sale on Super at the 660 00:36:11,720 --> 00:36:12,640 moment. They've all gone. 661 00:36:14,250 --> 00:36:33,970 Yeah, I'm sold out. Well, this is this is awesome 662 00:36:34,370 --> 00:36:16,970 some of these. The Life and Death series. 663 00:36:16,970 --> 00:36:19,970 That was because I was part of the Super rare path. 664 00:36:21,490 --> 00:36:28,090 So three people won those. So that's a cool. 665 00:36:28,730 --> 00:36:29,650 Yeah. Those are really cool series. 666 00:36:30,010 --> 00:36:35,810 Yeah, well. Some of these recent cells, I 667 00:36:35,810 --> 00:36:37,130 haven't even gone to a page for a while. 668 00:36:37,130 --> 00:36:38,930 They've all gone. I remember you said a couple of 669 00:36:38,930 --> 00:36:41,010 months ago you thought, you thought no, everything's gone so 670 00:36:41,010 --> 00:36:42,610 quiet and now everything's gone so. 671 00:36:43,330 --> 00:36:46,010 Yeah. You're obviously pacing 672 00:36:46,010 --> 00:36:48,810 yourself, right? So, right. 673 00:36:49,290 --> 00:36:51,570 So that's even. Better for everyone in the Stubs 674 00:36:51,570 --> 00:36:53,610 community. Like there are no Alien Queen 675 00:36:54,410 --> 00:36:58,770 pieces for sale apart from tabs and this limited edition mint, 676 00:36:58,770 --> 00:37:00,530 so make sure. You clean your stuff. 677 00:37:00,890 --> 00:37:06,410 Alien Queen is the code for today and I'll double check how 678 00:37:06,410 --> 00:37:09,050 many are going to have to be burned for them to be great. 679 00:37:10,030 --> 00:37:12,550 This feels like this. Feels like it's gonna be an 680 00:37:12,550 --> 00:37:15,310 awesome, awesome Mint for us. Thank you so much for coming on. 681 00:37:15,310 --> 00:37:20,470 I know, I know you're busy today and that's why it might work, 682 00:37:20,470 --> 00:37:23,150 but it's been an absolute pleasure and maybe, I don't 683 00:37:23,150 --> 00:37:25,110 know, we'll definitely mention you again on Friday. 684 00:37:25,110 --> 00:37:28,830 If you wanna come back up on Friday, we'd have you and talk 685 00:37:28,830 --> 00:37:30,670 through anything else during the Mint process. 686 00:37:31,230 --> 00:37:32,470 Sure. That's awesome. 687 00:37:32,470 --> 00:37:34,030 Yeah, I'll try to join on Friday. 688 00:37:34,310 --> 00:37:37,100 I'll talk to you soon. OK, I can't wait to see you 689 00:37:37,100 --> 00:37:37,900 guys. Really. 690 00:37:37,980 --> 00:37:39,540 In London. It's gonna. 691 00:37:39,580 --> 00:37:40,900 Be. Weeks. 692 00:37:40,900 --> 00:37:42,620 Away we are. I know. 693 00:37:43,420 --> 00:37:45,460 So we're gonna, we're gonna go hard in London. 694 00:37:45,500 --> 00:37:47,260 You went hard last year, so it's gonna be a. 695 00:37:47,700 --> 00:37:50,700 Yeah, that was so fun last year. This year will be a blast. 696 00:37:51,460 --> 00:37:53,900 Cal Calsen. Make it last year so it's gonna 697 00:37:53,900 --> 00:37:55,420 be his first I saw. Him in. 698 00:37:55,420 --> 00:37:57,300 I'm not there this year either You're. 699 00:37:57,460 --> 00:38:02,020 Not last year I was on my honeymoon, and this year I'm on 700 00:38:02,020 --> 00:38:04,140 my baby moon. So are you even? 701 00:38:04,700 --> 00:38:07,920 Congrats. Yeah, I have actually told 702 00:38:08,040 --> 00:38:11,680 Michael this several times, but you know, his listening ability 703 00:38:11,720 --> 00:38:13,800 is is low. Yeah, I. 704 00:38:13,800 --> 00:38:18,000 Didn't see you in New York. Oh yeah, that was your first. 705 00:38:19,040 --> 00:38:20,960 Yeah, New York. In Paris. 706 00:38:21,200 --> 00:38:22,600 Paris. Yeah, yeah. 707 00:38:23,120 --> 00:38:25,200 OK. So at least I did see you. 708 00:38:25,720 --> 00:38:27,160 Yeah, I. Do show up sometimes? 709 00:38:27,200 --> 00:38:30,240 Not all the time, I think. I feel like if you go to every 710 00:38:30,240 --> 00:38:33,320 party, people get used to you and they're like kind of like, 711 00:38:34,160 --> 00:38:37,720 you know, you need to like at least maybe that's just cuz I 712 00:38:37,720 --> 00:38:40,360 have a bad conversation, but I think people only need to see me 713 00:38:40,360 --> 00:38:43,880 like 50% of the time. It is exciting when I see your 714 00:38:43,920 --> 00:38:45,000 team. Hello. 715 00:38:45,160 --> 00:38:49,040 Yeah, life. OK. 716 00:38:49,200 --> 00:38:51,080 Well, I don't claim. Thank you so much for coming and 717 00:38:51,080 --> 00:38:53,120 we will see you. Guys, I actually got. 718 00:38:53,120 --> 00:38:56,560 One more person we're going to bring up Michael Kutcher, who 719 00:38:56,800 --> 00:39:00,640 was a stub artist in the recent past. 720 00:39:01,150 --> 00:39:03,750 I believe he's in the audience. He's in the background, yeah. 721 00:39:04,990 --> 00:39:07,270 Waiting in the back. Great to see you Mando. 722 00:39:07,310 --> 00:39:09,910 GM I thought you. Were going to meet your calls. 723 00:39:10,470 --> 00:39:12,590 Hey, how's it going unfortunately? 724 00:39:13,110 --> 00:39:15,510 It's pretty much of a different lineup than last time you came. 725 00:39:16,070 --> 00:39:20,030 Farooq is unfortunately away, and so is OSF, but I hear you. 726 00:39:20,820 --> 00:39:23,740 Very very kindly have done AirDrop for everyone who owns 727 00:39:24,220 --> 00:39:26,860 one of your pieces on the stubs collection. 728 00:39:27,460 --> 00:39:31,140 Do anyone want to do that and is that another stubs piece or is 729 00:39:31,140 --> 00:39:36,300 it something separate? No, it's actually the sketch for 730 00:39:36,300 --> 00:39:39,380 the for the stomach piece. Yeah. 731 00:39:39,380 --> 00:39:41,940 All right. So it's kind of like the initial 732 00:39:41,940 --> 00:39:45,660 kind of line drawing that always this is how. 733 00:39:46,130 --> 00:39:50,090 The initial stage before all the detail, all the paint or digital 734 00:39:50,090 --> 00:39:54,050 paint comes in and I thought it's nice to have for the 735 00:39:54,050 --> 00:39:59,170 collectors as well. Almost like a mini collection. 736 00:39:59,690 --> 00:40:04,010 Yeah, I love. That that's so we have the 737 00:40:04,010 --> 00:40:05,490 original sketch. I'm trying to find where the 738 00:40:06,250 --> 00:40:08,810 there it is. So you have the. 739 00:40:09,690 --> 00:40:10,970 Wow. Yeah. 740 00:40:10,970 --> 00:40:12,250 This is so cool. All right. 741 00:40:12,250 --> 00:40:16,170 So for the 22 people who claimed you now get to have the the 742 00:40:16,170 --> 00:40:19,370 original sketch. This is this is kind of the sort 743 00:40:19,370 --> 00:40:21,370 of stuff that we can do with stuff which is which is really, 744 00:40:21,370 --> 00:40:23,170 really cool. Once you have a very small group 745 00:40:23,370 --> 00:40:25,170 of collectors or group of collectors, you can reward them 746 00:40:25,170 --> 00:40:28,210 with the pieces. And Michael, look, we love that 747 00:40:28,210 --> 00:40:29,210 piece. Thank you so much. 748 00:40:29,210 --> 00:40:31,130 Thank you for. Coming back, I know we missed 749 00:40:31,130 --> 00:40:33,850 you on Friday last week, but. It's cool. 750 00:40:34,530 --> 00:40:36,290 You and Eddie both on the same show. 751 00:40:36,290 --> 00:40:40,990 I love. Love Alien Queens work. 752 00:40:40,990 --> 00:40:45,590 So I'm it's pretty cool to be the stuffs artists between Cory 753 00:40:45,590 --> 00:40:49,990 and Alien Queen and yeah, we're going we're going really going 754 00:40:49,990 --> 00:40:51,030 hard. Yeah, yeah. 755 00:40:52,430 --> 00:40:56,390 This has been quite banger after banger, which I'm really, really 756 00:40:56,390 --> 00:40:57,950 happy about. And yeah, thank you so much for 757 00:40:57,950 --> 00:40:59,590 doing the AirDrop. I know Cory's doing some cool 758 00:40:59,590 --> 00:41:03,740 stuff with his as well. So for the audience, just, you 759 00:41:03,740 --> 00:41:05,420 know, make sure you're claiming these. 760 00:41:05,820 --> 00:41:09,300 This is a really cool thing. We've now had, I think, well, 761 00:41:09,660 --> 00:41:14,140 dozens of amazing artists who come on the show and that now 762 00:41:14,140 --> 00:41:16,900 air dropping awesome stuff will allow you to do cool stuff with 763 00:41:16,900 --> 00:41:18,980 your stubs. So make sure you're checking out 764 00:41:18,980 --> 00:41:24,620 radio stubs or just stubs on open C Thanks so much again, 765 00:41:24,620 --> 00:41:26,180 Michael. Really appreciate you coming 766 00:41:26,180 --> 00:41:29,720 back, Okay. Look, I think that is going to 767 00:41:29,720 --> 00:41:33,680 be the show for today. We are going to be back again 768 00:41:33,680 --> 00:41:36,280 tomorrow. I think it's gonna be maybe. 769 00:41:37,200 --> 00:41:41,440 Us plus OSF or Mika if she if she responds but but we're 770 00:41:41,440 --> 00:41:43,720 definitely gonna have three Co hosts I think tomorrow. 771 00:41:45,080 --> 00:41:47,440 It's felt good. This felt like what we normally 772 00:41:47,440 --> 00:41:51,160 chat about for years. 100%, yeah, yeah, yeah. 773 00:41:51,520 --> 00:41:53,680 The easiest job in the world when you've been doing it for 774 00:41:54,200 --> 00:41:56,640 over a decade. Yeah, it's actually. 775 00:41:57,520 --> 00:41:59,440 Might as well just be in the same room, but. 776 00:41:59,960 --> 00:42:04,640 Yeah, if we will tell your friends that we are not so bad. 777 00:42:04,640 --> 00:42:07,080 Make sure you follow cows. Give them more than two likes on 778 00:42:07,080 --> 00:42:09,920 his post every single day. We need to get. 779 00:42:09,920 --> 00:42:11,120 We need to bump those numbers up. 780 00:42:12,040 --> 00:42:13,800 All right, we will see you tomorrow. 781 00:42:13,920 --> 00:42:17,680 We've been GM Web Three powered by Kraken NFT, check out 782 00:42:17,680 --> 00:42:20,080 kraken.com RUG radio. Thanks again.