1
00:00:00,120 --> 00:00:05,720
All right, good morning, good 
morning GNGN everyone. 

2
00:00:05,720 --> 00:00:08,960
It is another beautiful day to 
have a beautiful day. 

3
00:00:08,960 --> 00:00:11,920
Welcome to another episode of 
Homo Hour. 

4
00:00:12,240 --> 00:00:15,640
This is episode 191. 
We are two weeks away from 

5
00:00:15,640 --> 00:00:20,920
episode 200 and you believe it. 
Today is Friday, August 30th 

6
00:00:21,040 --> 00:00:25,920
.44444 folks. 
It's another cloudy, rainy 

7
00:00:25,920 --> 00:00:29,600
morning here in Chicago, but big
butt. 

8
00:00:29,600 --> 00:00:32,320
We are set up to have a 
beautiful weekend here in the 

9
00:00:32,320 --> 00:00:34,960
Windy City. 
It's going to be 80 and sunny 

10
00:00:34,960 --> 00:00:39,560
for the entire next stretch. 
We are feeling good Question on 

11
00:00:39,560 --> 00:00:41,600
all of our minds. 
Is crypto set up for a beautiful

12
00:00:41,600 --> 00:00:46,920
weekend as well? 
I'm not so sure, but we will 

13
00:00:46,920 --> 00:00:51,320
talk about it on today's show. 
We got a fun one on deck. 

14
00:00:51,320 --> 00:00:54,320
I am excited for today's show. 
No, for real, he is out. 

15
00:00:54,320 --> 00:00:58,080
No Mando today, but we've got 
Logan Hitchcock. 

16
00:00:58,160 --> 00:01:01,040
He is the editor in chief over 
at Lucky Term and a special 

17
00:01:01,040 --> 00:01:04,480
guest, Bret guy. 
Bret is going to be stopping by 

18
00:01:04,519 --> 00:01:08,200
later on in the show as well. 
I see him in the audience trying

19
00:01:08,200 --> 00:01:11,080
to get him up here. 
But while we wait, Logie, Jim, 

20
00:01:11,200 --> 00:01:13,600
how you doing? 
Hey, good morning Tyler. 

21
00:01:14,480 --> 00:01:16,720
Have I rectified all audio 
issues on day three? 

22
00:01:17,280 --> 00:01:19,440
It's a little bit better. 
OK. 

23
00:01:19,760 --> 00:01:21,320
All right. 
I'm doing well then. 

24
00:01:21,320 --> 00:01:23,880
I guess that was the big 
question mark for me. 

25
00:01:23,880 --> 00:01:25,600
So I'm feeling I'm feeling OK to
start. 

26
00:01:26,040 --> 00:01:28,720
Not super convincing on this 
Friday, but we'll we'll let 

27
00:01:28,720 --> 00:01:30,720
Logie get into it here with us 
folks. 

28
00:01:30,720 --> 00:01:34,120
What are we talking about on 
today's show? 

29
00:01:34,120 --> 00:01:36,520
So we are going to start with a 
quick market report. 

30
00:01:36,520 --> 00:01:39,240
I'll do my best Mando 
impression. 

31
00:01:39,240 --> 00:01:41,640
We'll ask, will the summer of 
Chop ever end? 

32
00:01:41,920 --> 00:01:44,640
Memes seemingly as dead as a 
doorknob. 

33
00:01:44,880 --> 00:01:49,000
We've got a judge dismissing the
lawsuit against Elon Musk and 

34
00:01:49,000 --> 00:01:52,080
the claim that he rigged or 
inside traded Doge. 

35
00:01:52,360 --> 00:01:55,360
Prediction markets are going 
mainstream folks, with 

36
00:01:55,360 --> 00:01:58,720
Polymarket leading the charge, 
but they've got a feisty new 

37
00:01:58,720 --> 00:02:03,560
competitor heating up the entire
sector top is back. 

38
00:02:03,560 --> 00:02:05,960
Brett's going to talk about it 
with us later on. 

39
00:02:05,960 --> 00:02:10,000
Hawk to a girl apparently opted 
for a mad lads over AD gods, 

40
00:02:10,000 --> 00:02:13,400
much to Logan's chagrin after 
yesterday's conversation. 

41
00:02:13,400 --> 00:02:18,760
So we'll hit that and Machi's 
$100 raise raise in quotes, plus

42
00:02:18,840 --> 00:02:22,080
a lot more and folks, it's 
Friday, it is Friday you know 

43
00:02:22,080 --> 00:02:26,240
what that means Robit spins. 
So as a reminder, retweet the 

44
00:02:26,240 --> 00:02:29,440
space, make sure you're 
following all the hosts to be 

45
00:02:29,440 --> 00:02:32,600
eligible for that. 
But folks, before we get into 

46
00:02:32,600 --> 00:02:36,560
the show, we have a new partner 
that we are very excited to 

47
00:02:36,560 --> 00:02:39,680
introduce to you here this 
morning with Galaxis. 

48
00:02:39,680 --> 00:02:42,080
Shout out to Galaxis. 
So the Galaxis pitch, if you're 

49
00:02:42,080 --> 00:02:46,000
not familiar, they are building 
the digital asset version of 

50
00:02:46,040 --> 00:02:50,240
Kickstarter meets Patreon via 
their digital membership card 

51
00:02:50,240 --> 00:02:53,560
platform. 
So the problem for creators and 

52
00:02:53,560 --> 00:02:58,000
celebs in this current state, 
platforms have all the power. 

53
00:02:58,520 --> 00:03:02,520
If you piss YouTube off, they 
can de platform you and you lose

54
00:03:02,520 --> 00:03:05,840
the community you've worked so 
hard to build. 

55
00:03:05,880 --> 00:03:09,040
Well, Web three offers the 
opportunity to build communities

56
00:03:09,040 --> 00:03:12,720
that cannot be the platform. 
And that's where Galaxis is 

57
00:03:12,720 --> 00:03:14,960
leaning in. 
And they've worked with some 

58
00:03:14,960 --> 00:03:19,120
major celebs like Steve Aoki, 
Mike Tyson, and along with 

59
00:03:19,120 --> 00:03:23,520
brands like the NBA to try to 
bring this vision to life. 

60
00:03:23,520 --> 00:03:26,560
So what do they actually do? 
They build the infrastructure 

61
00:03:26,560 --> 00:03:30,440
enabling these digital 
communities tied to NFT digital 

62
00:03:30,440 --> 00:03:33,680
membership cards. 
Their CEO, Andres Kristoff, he 

63
00:03:33,680 --> 00:03:36,080
explains it pretty well, so I'll
quote him here. 

64
00:03:36,240 --> 00:03:38,960
What Galactus has built is a 
combination of Kickstarter and 

65
00:03:38,960 --> 00:03:41,440
Patreon. 
It's a funding and monetization 

66
00:03:41,440 --> 00:03:44,640
framework that's based on 
digital membership cards. 

67
00:03:44,760 --> 00:03:47,360
And with these memberships, they
are unlocking real world 

68
00:03:47,360 --> 00:03:50,120
utilities. 
So for the Mike Tyson NFT 1, 

69
00:03:50,120 --> 00:03:54,280
Lucky Holder got to spend 3 days
with Tyson on his ranch, even 

70
00:03:54,280 --> 00:03:57,040
sparring with him. 
For the NBA partnership, they 

71
00:03:57,040 --> 00:04:00,480
featured play player cards with 
created based on player 

72
00:04:00,480 --> 00:04:03,520
performance dynamically. 
And then perhaps most notably, 

73
00:04:03,520 --> 00:04:06,520
we buried the lead. 
Galaxis did partner with the 

74
00:04:06,520 --> 00:04:10,560
Trump team to help provide the 
Web 3 infra for those Trump 

75
00:04:10,640 --> 00:04:13,360
digital trading cards, helping 
sell out that first batch of 

76
00:04:13,360 --> 00:04:17,560
45,000 cards at $99 each. 
Arguably one of the most 

77
00:04:17,560 --> 00:04:19,720
successful celeb NFT launches 
ever. 

78
00:04:20,040 --> 00:04:22,720
And while those Trump NFTS have 
offered point in time utility 

79
00:04:22,720 --> 00:04:26,400
like the dinners at Mar a Lago, 
Kristoff says the next step 

80
00:04:26,400 --> 00:04:29,400
would be longer term utility and
perks and even things like 

81
00:04:29,400 --> 00:04:31,760
monthly subscription payments. 
And that's what their 

82
00:04:31,920 --> 00:04:35,600
infrastructure does support. 
So it's going to be interesting 

83
00:04:35,600 --> 00:04:39,360
to see which projects are the 
1st to successfully unlock that 

84
00:04:39,360 --> 00:04:41,920
feature. 
But overall, Galax is doing big 

85
00:04:41,920 --> 00:04:44,240
things and paving the way. 
I want to thank them for 

86
00:04:44,240 --> 00:04:46,520
partnering with us. 
Excited to begin this 

87
00:04:46,520 --> 00:04:50,560
relationship, Logie. 
Curious as I was thinking about 

88
00:04:50,560 --> 00:04:53,960
this and this monthly 
subscription idea. 

89
00:04:53,960 --> 00:04:56,240
Are there celebs or creators out
there that you'd be paying 

90
00:04:56,240 --> 00:04:59,000
monthly Subs for? 
Yeah, it's interesting, Tyler, 

91
00:04:59,000 --> 00:05:02,840
I, I was initially skeptical of 
this, but having a fiance that's

92
00:05:02,840 --> 00:05:07,480
a Swifty has changed my mind a 
little bit and understanding how

93
00:05:08,480 --> 00:05:11,280
how much people want to receive,
you know, behind the scenes 

94
00:05:11,280 --> 00:05:13,320
content, this sort of backstage 
stuff. 

95
00:05:13,600 --> 00:05:17,000
It's a smaller list for me, but 
I think there's some tennis 

96
00:05:17,000 --> 00:05:20,480
players like a, a Yannick 
Sinner, despite the controversy 

97
00:05:20,480 --> 00:05:24,520
of late, Ionic center type thing
like that would be really cool 

98
00:05:24,520 --> 00:05:26,560
for me to be able to see kind of
the behind the scenes everyday 

99
00:05:26,560 --> 00:05:29,720
stuff, life on tour, traveling 
the world, playing tennis. 

100
00:05:29,720 --> 00:05:32,440
That's yeah. 
So I think that's the the avenue

101
00:05:32,440 --> 00:05:35,400
I would lean down. 
Yeah, I think you went the the 

102
00:05:35,400 --> 00:05:38,640
athlete slash, you know, star 
route. 

103
00:05:38,640 --> 00:05:42,000
I think even inside crypto, 
there's probably folks like I'd 

104
00:05:42,000 --> 00:05:46,600
probably sub to a Kobe 
membership as if there was one. 

105
00:05:47,160 --> 00:05:49,360
I was even thinking like even 
Mando, like Mando, you don't 

106
00:05:49,360 --> 00:05:52,880
have to because he gives away so
much of his alpha in public 

107
00:05:52,920 --> 00:05:55,960
everyday. 
But folks like that, you know, 

108
00:05:56,240 --> 00:05:58,160
at the right price. 
Is that something I had monthly 

109
00:05:58,160 --> 00:05:59,720
sub for? 
Absolutely. 

110
00:06:00,920 --> 00:06:07,080
So let's I would be into it. 
I like the model quite a bit 

111
00:06:07,080 --> 00:06:08,360
folks. 
Looks like we've got bread on 

112
00:06:08,360 --> 00:06:12,840
with us. 
Let's get him in some fun 

113
00:06:12,840 --> 00:06:16,280
breaking news. 
Bread Guy up on stage with us. 

114
00:06:16,280 --> 00:06:20,520
If you are in the stream, we'll 
look to get him up on the spaces

115
00:06:20,520 --> 00:06:23,600
here as well. 
If you don't know Bread, he is 

116
00:06:23,600 --> 00:06:27,040
actively making butt picks. 
Great again, he's half Viking 

117
00:06:27,120 --> 00:06:30,400
after spending two weeks 
trekking around Norway, but he 

118
00:06:30,400 --> 00:06:35,480
is back with us. 
Back desk looking to get back up

119
00:06:35,480 --> 00:06:37,600
Bread. 
Damn, how you doing my friend? 

120
00:06:39,600 --> 00:06:41,760
Not great. 
I probably sound like shit 

121
00:06:41,800 --> 00:06:45,120
because I now have this hood 
ornament of a mic that does not 

122
00:06:45,120 --> 00:06:47,480
work. 
I just found out it just there's

123
00:06:47,480 --> 00:06:50,080
a problem with Rode USB that 
just died. 

124
00:06:50,080 --> 00:06:53,440
So dealing with that. 
So this is worthless to me. 

125
00:06:55,160 --> 00:06:56,600
Yeah. 
But no, I'm I'm back having a 

126
00:06:56,600 --> 00:06:59,320
good time. 
I am a little disappointed that 

127
00:06:59,320 --> 00:07:01,720
I'm the breaking news and that 
there's not actually something 

128
00:07:01,840 --> 00:07:04,320
crazy interesting going on in 
the in the markets. 

129
00:07:05,280 --> 00:07:07,360
But, you know, we got stuff to 
talk about, so we'll do it. 

130
00:07:08,160 --> 00:07:11,560
Yeah, we'll see if if more 
pressing breaking news does come

131
00:07:11,960 --> 00:07:15,200
live during the show. 
But Brett, happy to have you on 

132
00:07:15,200 --> 00:07:17,760
as always. 
Well, let's get into it. 

133
00:07:17,760 --> 00:07:22,160
I'll I'll start us off here with
a quick market report before we 

134
00:07:22,160 --> 00:07:27,480
get into our juicier topics. 
Let me get the the screen share 

135
00:07:27,480 --> 00:07:30,840
fired up here. 
Just one second folks. 

136
00:07:30,840 --> 00:07:33,200
So I think for for starters, 
just going around the horn, 

137
00:07:33,200 --> 00:07:35,760
crypto majors are down a touch 
here today. 

138
00:07:35,760 --> 00:07:38,080
Bitcoin down 2% each down the 
same. 

139
00:07:38,960 --> 00:07:43,280
Bitcoin 59,450 E 2510. 
Solana down 5%. 

140
00:07:43,280 --> 00:07:49,560
So Solana is lagging here fairly
substantially, down at 139. 

141
00:07:50,400 --> 00:07:53,760
On the ETF front, some outflows 
yesterday. 

142
00:07:53,760 --> 00:07:57,280
So Bitcoin saw 72 million in 
outflows. 

143
00:07:57,280 --> 00:08:02,560
That marks three days in a row. 
It saw a 1.7 million in outflows

144
00:08:02,560 --> 00:08:07,240
there as well. 
On the meme board, I think was 

145
00:08:07,240 --> 00:08:11,600
jumping out to me about the the 
meme coin sector right now is 

146
00:08:11,600 --> 00:08:14,640
there's just very few winners. 
So on the days where Bitcoin and

147
00:08:14,640 --> 00:08:18,040
Solana are green, we see 
everything kind of jump up along

148
00:08:18,040 --> 00:08:19,400
with it. 
And then they move up like 

149
00:08:19,400 --> 00:08:22,960
leopard bets. 
So if Seoul's up 10%, your memes

150
00:08:22,960 --> 00:08:24,920
are probably going to be up 20 
to 30%. 

151
00:08:24,920 --> 00:08:28,280
But man, on the days of the 
chop, it's just mostly red on 

152
00:08:28,280 --> 00:08:31,280
the board and, and I report the 
top five meme corn movers every 

153
00:08:31,280 --> 00:08:35,039
day and I've been struggling 
this week to even find 5 / 10 

154
00:08:35,039 --> 00:08:37,840
million in green on a daily 
basis. 

155
00:08:37,840 --> 00:08:41,039
Like I'm I'm looking at the soul
board right now streaming it is 

156
00:08:41,039 --> 00:08:46,880
almost all red all the way down 
a handful of up five or 10%. 

157
00:08:47,240 --> 00:08:51,240
The E board did a little bit 
better on the day, still very 

158
00:08:51,240 --> 00:08:54,360
red up top. 
I'm trying to Scroll down and 

159
00:08:54,360 --> 00:08:56,680
see where some of the winners 
are. 

160
00:08:56,760 --> 00:08:59,920
Yeah, really not that many. 
This bruh token up 77%. 

161
00:08:59,920 --> 00:09:02,400
This kerosene token. 
I saw B check reporting on 

162
00:09:02,400 --> 00:09:04,640
kerosene. 
It's tied to a stable coin in 

163
00:09:04,640 --> 00:09:06,400
some capacity. 
So I'm going to have to dig into

164
00:09:06,400 --> 00:09:09,200
that one. 
I'm not really as versed, but 

165
00:09:09,280 --> 00:09:13,400
overall that not the not the 
best day there. 

166
00:09:13,400 --> 00:09:16,280
I've already seen folks asking. 
We've been asking the question, 

167
00:09:16,280 --> 00:09:18,800
are memes dead? 
I've been seeing folks asking 

168
00:09:18,800 --> 00:09:22,280
the question is Solana, has 
Solana topped? 

169
00:09:22,280 --> 00:09:25,240
I saw a poll question yesterday,
Has Solana topped for this 

170
00:09:25,240 --> 00:09:28,080
cycle? 
I did have to stop what I was 

171
00:09:28,080 --> 00:09:30,320
doing there for a second. 
So like, are we really asking 

172
00:09:30,320 --> 00:09:32,280
this question? 
But Logie, I'll ask you 

173
00:09:32,280 --> 00:09:34,360
directly, Has Solana topped for 
this cycle? 

174
00:09:34,360 --> 00:09:37,840
I, I hope not. 
Is that the best answer I could 

175
00:09:37,840 --> 00:09:41,280
possibly give? 
I mean, I feel like at this 

176
00:09:41,280 --> 00:09:44,200
point in time, we talked about 
it on the show yesterday, Tyler,

177
00:09:44,320 --> 00:09:45,520
you know? 
Chop. 

178
00:09:46,160 --> 00:09:49,240
Until there's more certainty 
regarding the election chop 

179
00:09:49,240 --> 00:09:54,240
until you know, whatever people 
feel better about overall macro 

180
00:09:54,240 --> 00:09:56,600
conditions, I don't know. 
I don't know what's required to 

181
00:09:56,600 --> 00:09:59,640
make things go up at this point.
But it feels like we're going to

182
00:09:59,640 --> 00:10:04,840
chop for a while longer and I'm 
going to, I'm going to hold spot

183
00:10:04,840 --> 00:10:07,000
and feel OK. 
And that's that's about all I 

184
00:10:07,000 --> 00:10:11,120
can say really. 
Sage advice as always from 

185
00:10:11,120 --> 00:10:12,920
Logie. 
Brad, a couple things I want to 

186
00:10:12,920 --> 00:10:14,800
ask you about South. 
One, we've been talking about 

187
00:10:14,920 --> 00:10:20,400
Ton quite a bit this week with 
Pavel and and the arrest news 

188
00:10:21,320 --> 00:10:25,040
that another piece of big news 
is it going down twice. 

189
00:10:25,960 --> 00:10:28,200
And what jumped out to me is 
that no one seemed to care. 

190
00:10:28,760 --> 00:10:34,040
So I I'm curious, like if you 
saw that as well and like, are 

191
00:10:34,040 --> 00:10:36,800
the ton millions of users? 
Are they real? 

192
00:10:36,800 --> 00:10:39,040
Are they fake or are they just 
not in our circles? 

193
00:10:39,280 --> 00:10:41,360
What's going on? 
Yeah. 

194
00:10:41,600 --> 00:10:45,560
All right, so I, I actually do 
have a a pretty strong opinion 

195
00:10:45,560 --> 00:10:48,000
on this is like we still the 
same thing with Solana, right, 

196
00:10:48,040 --> 00:10:50,680
because Solana was the first 
like big chain to really break 

197
00:10:50,680 --> 00:10:54,840
into this or break into this. 
But like have instances where it

198
00:10:54,840 --> 00:10:59,920
went down right and it called 
into question like what do users

199
00:10:59,920 --> 00:11:02,600
give a shit about right? 
Whenever it first went down, 

200
00:11:02,600 --> 00:11:05,360
everyone on the Ethereum side, 
everyone's like the one job of a

201
00:11:05,360 --> 00:11:07,200
blockchain is to not fucking go 
down. 

202
00:11:07,240 --> 00:11:10,280
That's the job is to stay up. 
So it was a big deal, right? 

203
00:11:10,640 --> 00:11:13,640
And then over time it happened a
few times, whatever you started 

204
00:11:13,640 --> 00:11:15,840
to realize that end users like, 
yeah, whatever, I'll just go 

205
00:11:15,840 --> 00:11:18,160
take a break for a little bit, 
come back when it's back up and 

206
00:11:18,160 --> 00:11:22,760
that we maybe are over indexing 
on some of the properties of 

207
00:11:22,760 --> 00:11:25,520
blockchain, right? 
And like there's valid points 

208
00:11:25,520 --> 00:11:29,120
for why Solana does go down. 
Solana is so fast that you go 

209
00:11:29,120 --> 00:11:32,080
down because you want to like 
it's so fast. 

210
00:11:32,080 --> 00:11:35,560
If you stay up in a rocky state,
the state growth in like how how

211
00:11:35,560 --> 00:11:38,880
broken it can get is exacerbated
because it's going so fast. 

212
00:11:39,200 --> 00:11:43,680
So anyway, it's just to say that
they prioritize, they prioritize

213
00:11:43,800 --> 00:11:46,000
a different property than 
Ethereum, which prioritizes 

214
00:11:46,000 --> 00:11:49,160
liveness, right? 
They prioritize scalability 

215
00:11:49,160 --> 00:11:51,920
rather faster or whatever. 
So whatever. 

216
00:11:51,920 --> 00:11:56,200
So it's just another instance of
just coming back to like we I 

217
00:11:56,200 --> 00:11:59,000
think over index on some of 
these virtuous things that we 

218
00:11:59,000 --> 00:12:02,240
think block chains are supposed 
to represent versus like what 

219
00:12:02,400 --> 00:12:04,600
end users and what people 
actually give a shit about. 

220
00:12:05,040 --> 00:12:07,800
Now ton is a little different. 
It's not like a high throughput 

221
00:12:07,800 --> 00:12:09,120
chain. 
And I even saw like they put 

222
00:12:09,120 --> 00:12:13,120
together a form for validators 
to like coordinate better to 

223
00:12:13,120 --> 00:12:16,680
basically do the discord restart
stuff that Solana had to do 

224
00:12:16,680 --> 00:12:20,320
whenever they go down right. 
And like that's that's taboo in 

225
00:12:20,320 --> 00:12:23,600
the in the centralized or the 
crypto world because it feels 

226
00:12:23,600 --> 00:12:26,200
centralized, but like, you know,
it's just kind of what they have

227
00:12:26,200 --> 00:12:28,160
to do. 
And yeah, I just think it's 

228
00:12:28,160 --> 00:12:31,360
another instance of us over 
indexing on on what some of 

229
00:12:31,360 --> 00:12:34,640
these things actually matter to 
a lot of the world. 

230
00:12:34,720 --> 00:12:37,760
And then As for users, I think 
most of the users are in 

231
00:12:37,760 --> 00:12:42,040
Telegram, which is not directly 
tied to ton the actual back end,

232
00:12:42,040 --> 00:12:43,440
right? 
They're clicking games, doing 

233
00:12:43,440 --> 00:12:46,760
shit, hoping to get an air drop 
three months from now. 

234
00:12:46,800 --> 00:12:48,960
They're not actually doing on 
chain interactions. 

235
00:12:50,520 --> 00:12:53,440
Yeah, and that makes sense. 
So like using fancy top as an 

236
00:12:53,440 --> 00:12:55,000
example. 
There he is, Mando. 

237
00:12:56,560 --> 00:13:00,400
Incredible. 
Another fun surprise here this 

238
00:13:00,400 --> 00:13:02,880
morning. 
We'll we'll we'll throw it to 

239
00:13:02,880 --> 00:13:06,080
you here in a minute. 
Just to to round this out, I 

240
00:13:06,080 --> 00:13:10,040
think with fancy top, like a 
fancy top, if if blast went 

241
00:13:10,040 --> 00:13:12,920
down, a hardcore fancy top user 
might not know, they just might 

242
00:13:12,920 --> 00:13:15,680
know their app isn't working. 
So I think that's, you know, 

243
00:13:15,960 --> 00:13:19,000
that the disconnect between app 
users versus a hardcore 

244
00:13:19,000 --> 00:13:20,840
blockchain users. 
And perhaps that's where we're 

245
00:13:20,840 --> 00:13:22,720
moving. 
Perhaps that's why we didn't see

246
00:13:22,720 --> 00:13:27,520
as much noise on the timeline. 
Mando, I want to welcome you to 

247
00:13:27,520 --> 00:13:30,920
the show. 
Love to have you on as always. 

248
00:13:30,920 --> 00:13:35,520
I gave a very quick, very quick 
market report. 

249
00:13:36,360 --> 00:13:41,520
But curious anything jumping out
to you here on Friday as we as 

250
00:13:41,520 --> 00:13:44,560
we close the week, are we just 
going to keep chopping for the 

251
00:13:44,560 --> 00:13:48,120
rest of our lives? 
What's what's the status? 

252
00:13:48,120 --> 00:13:51,680
Yeah, well, Bitcoin's chopping, 
everything else is just going 

253
00:13:51,680 --> 00:13:54,640
lower, isn't it? 
It's not, it's not that good. 

254
00:13:55,000 --> 00:13:57,680
I think Bitcoin dominance is 
heading up to about 58% here. 

255
00:13:57,680 --> 00:14:01,560
So Bitcoin continues to be 
around 60 K Everything else is 

256
00:14:01,560 --> 00:14:05,040
going lower. 
I had a talk with OVX even 

257
00:14:05,040 --> 00:14:09,920
today, like is the Bitcoin 
dominance trade now to 

258
00:14:09,920 --> 00:14:12,000
consensus? 
Like it just feels like 

259
00:14:12,000 --> 00:14:18,560
everyone's just like converting 
back into majors and I'm not too

260
00:14:18,560 --> 00:14:21,120
sure. 
Like everything else is down so 

261
00:14:21,120 --> 00:14:23,440
much. 
Like it is unbelievable how much

262
00:14:24,040 --> 00:14:27,120
the top 100 is down. 
You're starting to see D5 coins 

263
00:14:27,120 --> 00:14:28,640
getting a little bit of traction
again. 

264
00:14:28,640 --> 00:14:31,960
I'm just, I don't know, I just 
had a thought today that maybe 

265
00:14:31,960 --> 00:14:33,640
it's just too consensus that 
everyone's just like 

266
00:14:33,640 --> 00:14:35,240
everything's a scam apart from 
Bitcoin. 

267
00:14:36,320 --> 00:14:39,040
Do you think we've gone because 
it, like, do you think dilution 

268
00:14:39,040 --> 00:14:42,280
plays a part of that, right? 
Like the capital allocated to 

269
00:14:42,280 --> 00:14:43,320
the buyers that are in the 
market? 

270
00:14:43,320 --> 00:14:46,600
There's just so many coins that 
were being so spread out that 

271
00:14:46,600 --> 00:14:48,920
it's hard to go back. 
Like everyone's looking for the 

272
00:14:48,920 --> 00:14:50,920
same thing, right? 
That whole water flow, water 

273
00:14:50,920 --> 00:14:54,280
flow chart of Bitcoin to 
Ethereum, then to alts and like 

274
00:14:54,280 --> 00:14:57,160
whatever, right? 
But like this is our third cycle

275
00:14:57,160 --> 00:14:59,360
and we're like, there's just so 
many coins to buy. 

276
00:14:59,360 --> 00:15:01,560
Do you think we're getting too 
spread out to like really lean 

277
00:15:01,560 --> 00:15:04,120
on what we used to do the last 
2-3 cycles? 

278
00:15:05,280 --> 00:15:06,440
I think that's definitely part 
of it. 

279
00:15:07,000 --> 00:15:09,920
I, I tend to find that's more of
an issue in modular blockchains.

280
00:15:09,920 --> 00:15:14,120
So like for ETH, a lot of people
want to buy like ETH beta or 

281
00:15:14,120 --> 00:15:16,880
because a lot of the, the fees 
are moving towards L twos. 

282
00:15:16,880 --> 00:15:18,480
Like there's different ways to 
play that. 

283
00:15:18,800 --> 00:15:23,280
Solana, the meme sector as a 
whole obviously has massive 

284
00:15:23,280 --> 00:15:26,800
dilution, but I think when 
people want to buy Solana, they 

285
00:15:26,800 --> 00:15:28,760
don't generally buy like Solana 
beta. 

286
00:15:29,040 --> 00:15:33,960
They just buy Solana and the 
means of stuff because there's 

287
00:15:33,960 --> 00:15:35,880
just so many of them on on 
Seoul. 

288
00:15:35,880 --> 00:15:37,800
I thought it's a slightly 
different play, but you wouldn't

289
00:15:37,800 --> 00:15:41,960
buy maybe six months ago. 
You buy with as as like a Solana

290
00:15:41,960 --> 00:15:44,880
beta play, but there's not 
really a Solana beta coin here. 

291
00:15:44,920 --> 00:15:47,240
Like Solana can go up and all 
the means can go lower. 

292
00:15:47,720 --> 00:15:54,160
I, I, I feel so, yeah, I feel 
like that's particularly for any

293
00:15:54,240 --> 00:15:56,120
sort of modular chain that's, 
that's an issue. 

294
00:15:56,720 --> 00:16:00,440
But I also think that maybe 
that's where the gains could be 

295
00:16:00,440 --> 00:16:02,080
too. 
Like I'm really starting to pay 

296
00:16:02,080 --> 00:16:06,000
attention to more D5 stuff now. 
Like it just feels as though as 

297
00:16:06,000 --> 00:16:11,920
a sector, I'm not too sure if 
the major means will be the 

298
00:16:11,920 --> 00:16:18,640
things that even recover the 
best if Solana rips like or if 

299
00:16:18,640 --> 00:16:21,360
or if let's say Bitcoin goes to 
like 80K70K. 

300
00:16:21,360 --> 00:16:26,560
Like I think as a sector they 
are, they were perhaps slightly 

301
00:16:26,560 --> 00:16:30,280
overbought and that as we know 
from NFTS, it takes a long time 

302
00:16:30,280 --> 00:16:33,280
to like to recover from 
sometimes. 

303
00:16:33,280 --> 00:16:36,560
So I don't know, I'm just I'm 
looking around a little bit and 

304
00:16:36,560 --> 00:16:43,400
thinking like broadly where 
stuff should be in like I'm log,

305
00:16:43,400 --> 00:16:45,880
for example, even looked at 
today, log is down. 

306
00:16:45,880 --> 00:16:49,640
It's 350 million. 
I was like, wow, that's. 

307
00:16:50,440 --> 00:16:52,680
I was wondering this morning, is
this point ever going to go back

308
00:16:52,680 --> 00:16:55,280
up? 
But I was like, that's low, 

309
00:16:55,280 --> 00:16:56,840
right? 
Like mug to me feels they have 

310
00:16:56,840 --> 00:16:59,560
more mind share than something 
like pop cat or stuff like that.

311
00:16:59,560 --> 00:17:03,040
And I sit there OV like, should 
I should we look at this one 

312
00:17:03,040 --> 00:17:05,880
again? 
And I think we both came to the 

313
00:17:05,880 --> 00:17:08,680
conclusion that although it was 
low, it like it may not even be 

314
00:17:08,680 --> 00:17:13,480
the thing that that like pumps 
the hardest or even has like the

315
00:17:13,480 --> 00:17:17,720
cleanest looking chart going 
into like the if, if everything 

316
00:17:17,720 --> 00:17:19,839
pumps, let's say ETH does have 
some gold candle and we head 

317
00:17:19,839 --> 00:17:24,160
back up towards 4000 and Bitcoin
goes up towards 80,090 thousand.

318
00:17:24,720 --> 00:17:28,119
I'm just not even sure if these 
memes will will recover in the 

319
00:17:28,119 --> 00:17:29,800
same way. 
So I don't know. 

320
00:17:29,920 --> 00:17:31,880
That's that's kind of my thought
process at the moment. 

321
00:17:32,440 --> 00:17:35,280
The standout thing for MOG, 
whenever I did the meme point 

322
00:17:35,280 --> 00:17:37,560
comparison based on holders, The
thing is stand out for MOG was 

323
00:17:37,560 --> 00:17:41,160
just it's such a small group of 
holders in the MOG coin. 

324
00:17:41,160 --> 00:17:43,280
That was always just kind of an 
odd thing to be given the mind 

325
00:17:43,280 --> 00:17:46,480
share that it has on on CT. 
It's just it's so hugely in 

326
00:17:46,480 --> 00:17:47,920
front of everyone. 
But like and like I've been 

327
00:17:47,920 --> 00:17:49,320
talking about it. 
I still don't own it for 

328
00:17:49,320 --> 00:17:52,640
whatever reason, but I've been 
talking about it for a year now.

329
00:17:52,640 --> 00:17:55,480
It's been an obvious thing. 
I know it's the same with like 

330
00:17:55,480 --> 00:17:57,520
the pops token. 
It should, but you you mentioned

331
00:17:57,520 --> 00:18:01,080
defy I so I'm pretty ingrained 
in like the people that have 

332
00:18:01,080 --> 00:18:02,920
been analysing that stuff, 
Arthur, obviously, who have the 

333
00:18:02,920 --> 00:18:04,480
charge with that. 
I've kind of talked about it and

334
00:18:04,480 --> 00:18:07,520
then I've seen other people 
referring to it, but even 

335
00:18:07,640 --> 00:18:11,840
evaluating a lot of those defy 
tokens and like, OK, like 

336
00:18:12,600 --> 00:18:15,440
everything at this point and we 
actually let off this segment by

337
00:18:15,440 --> 00:18:17,560
talking about Seoul. 
Does it ever go back up kind of 

338
00:18:17,560 --> 00:18:18,760
thing? 
Like I know it's kind of 

339
00:18:18,760 --> 00:18:23,200
hyperbole, but everything, even 
the D5 sector's like, fuck, do 

340
00:18:23,200 --> 00:18:25,600
you why would you lean into that
Whenever like Seoul still still 

341
00:18:25,600 --> 00:18:29,520
feels like the obvious higher 
upside thing, Like like, why 

342
00:18:29,520 --> 00:18:32,120
would why would you go into D5 
whenever it's like, yeah, it's 

343
00:18:32,120 --> 00:18:34,760
quantifiable, right, That you 
have earnings, but still next 

344
00:18:34,760 --> 00:18:37,400
marginal buyer might be tried by
guys that might appeal, appeal 

345
00:18:37,400 --> 00:18:38,680
to them. 
But still, it feels like Seoul 

346
00:18:38,680 --> 00:18:41,720
is obvious, just like sitting 
and role play. 

347
00:18:43,120 --> 00:18:45,600
Yeah. 
So interestingly, I know I said 

348
00:18:45,600 --> 00:18:49,040
I wouldn't buy Soul Beta, but I 
have looked at some of the Soul 

349
00:18:49,040 --> 00:18:53,600
D5 stuff and thought that that 
might be the best because as a 

350
00:18:54,000 --> 00:18:57,320
in terms of throughput like Soul
obviously does close to 

351
00:18:57,320 --> 00:19:02,320
comparable volumes with well at 
least the L1, but even some of 

352
00:19:02,320 --> 00:19:06,200
the like the L2's, the big 
D5L2's so and they all look 

353
00:19:06,200 --> 00:19:08,440
slightly undervalued compared to
anything on ease. 

354
00:19:08,440 --> 00:19:10,800
So I thought, oh, maybe, maybe 
some of those are worth looking 

355
00:19:10,800 --> 00:19:12,600
at. 
I'm not looking at something for

356
00:19:12,600 --> 00:19:14,560
a one week trade. 
Basically when I'm looking, I'm 

357
00:19:14,560 --> 00:19:17,840
never good at those real trades.
Like I'm, I'm not normally OK at

358
00:19:17,840 --> 00:19:21,080
looking at trades for like, 
what's a hold for like 6 months?

359
00:19:21,360 --> 00:19:22,760
And like, could this be a bit of
rebound? 

360
00:19:22,760 --> 00:19:26,440
And I just think like through 
the election, if Trump gets in, 

361
00:19:27,280 --> 00:19:29,680
I mean, Trump is literally 
promoting it is about to promote

362
00:19:29,680 --> 00:19:34,520
a defy coin, right? 
Like Defy protocol is Defy the 

363
00:19:34,520 --> 00:19:36,840
right? 
Like as we come out of that, if 

364
00:19:36,840 --> 00:19:39,040
you start to see crypto 
regulation, you start to see 

365
00:19:39,960 --> 00:19:43,520
talk of more policy being able 
to push through maybe maybe 

366
00:19:43,520 --> 00:19:47,320
that's the best risk reward. 
It's difficult for me to say 

367
00:19:47,320 --> 00:19:49,760
like right now I've been very 
major heavy. 

368
00:19:49,760 --> 00:19:53,040
Obviously I have I think, which 
is my own own coin. 

369
00:19:53,040 --> 00:19:55,760
But other than that, I just 
haven't really played anything 

370
00:19:56,040 --> 00:19:59,000
or anything in massive size. 
And now I'm just thinking about 

371
00:19:59,520 --> 00:20:02,200
it's so consensus just to own 
majors and everything else is a 

372
00:20:02,200 --> 00:20:03,920
scam. 
But I do think some of these D5 

373
00:20:03,920 --> 00:20:07,520
things could be OK. 
Are you telling me that Trump is

374
00:20:07,520 --> 00:20:10,160
about to make defy great again? 
Is is that the? 

375
00:20:10,200 --> 00:20:12,000
Is that the take away from I've 
heard? 

376
00:20:13,120 --> 00:20:16,600
This conversation, it's called 
Liberty Financial, right? 

377
00:20:16,800 --> 00:20:19,720
I've heard it's something tied 
to like his own properties or 

378
00:20:19,720 --> 00:20:22,400
something like that. 
I think it's like a property RWA

379
00:20:22,640 --> 00:20:23,960
protocol. 
That's what I've heard. 

380
00:20:24,560 --> 00:20:26,600
We still know what it is, but I 
think part of the problem we've 

381
00:20:26,600 --> 00:20:31,520
got a telegram and the telegrams
running ads with scam links 

382
00:20:31,560 --> 00:20:35,120
already. 
So so so be careful clicking. 

383
00:20:35,600 --> 00:20:37,080
I feel like it's more of a. 
Risk I. 

384
00:20:37,760 --> 00:20:41,280
Feel like it's more of a risk to
Trump and perhaps to define it 

385
00:20:41,280 --> 00:20:44,440
as a positive. 
But we will certainly see what 

386
00:20:44,440 --> 00:20:47,280
this thing actually is. 
I'm happy it's not a meme, 

387
00:20:47,280 --> 00:20:50,920
Quinn. 
Well, let's just let's we we can

388
00:20:50,920 --> 00:20:56,920
leave it at that. 
But as we keep pushing through 

389
00:20:56,920 --> 00:21:00,680
here, I think another intran on 
the day and it was kind of a 

390
00:21:00,680 --> 00:21:04,640
quiet day just to, to set the 
stage was Bloomberg. 

391
00:21:04,640 --> 00:21:09,640
The Bloomberg Terminal is adding
Poly market data to, to the 

392
00:21:09,640 --> 00:21:12,280
terminal here and they're 
starting with the, the election 

393
00:21:12,280 --> 00:21:13,760
markets. 
I, I don't think that would be a

394
00:21:13,920 --> 00:21:17,920
surprise to anyone that that's 
where they are starting. 

395
00:21:17,920 --> 00:21:20,960
And that I was refreshing this 
morning when I didn't realize, 

396
00:21:20,960 --> 00:21:25,400
man, $765 million now that on 
the presidential election 

397
00:21:25,400 --> 00:21:28,920
market. 
So we are coming up to a billion

398
00:21:29,480 --> 00:21:32,640
quite rapidly. 
I checked in on the Poly market 

399
00:21:32,640 --> 00:21:35,400
numbers here. 
I actually wrote it up for the 

400
00:21:35,560 --> 00:21:39,680
the newsletter this morning. 
But all time highs across the 

401
00:21:39,680 --> 00:21:41,760
board. 
So, so they beat in monthly 

402
00:21:41,760 --> 00:21:47,280
volume in August, like a 30% 
jump in monthly active traders 

403
00:21:47,280 --> 00:21:51,320
is probably one of the the 
better metrics on the chart. 

404
00:21:52,760 --> 00:21:56,280
Daily active traders up and to 
the right open interest over 100

405
00:21:56,280 --> 00:21:59,800
million, it's up like 17% and 
monthly new accounts up a tick 

406
00:22:00,200 --> 00:22:04,600
as well at 68,000. 
I guess my question for you, 

407
00:22:04,600 --> 00:22:06,840
maybe more of a hard hitter and 
I've got a few that I want to 

408
00:22:06,840 --> 00:22:12,200
talk about on this topic. 
Do you think Polymarket has gone

409
00:22:12,200 --> 00:22:15,120
mainstream? 
And what is the definition of of

410
00:22:15,120 --> 00:22:19,160
mainstream here? 
Like certainly coverage is 

411
00:22:19,160 --> 00:22:21,440
mainstream, but then when you 
look at monthly active users, 

412
00:22:21,440 --> 00:22:25,200
it's got 61,000. 
So I guess how do we define it, 

413
00:22:26,280 --> 00:22:27,560
Logan? 
Maybe I'll I'll toss it to you 

414
00:22:27,560 --> 00:22:28,840
and then whoever wants to jump 
in. 

415
00:22:29,480 --> 00:22:32,720
Yeah, I, I think pawn market has
gone mainstream at this point in

416
00:22:32,720 --> 00:22:36,720
time, addition to the Bloomberg 
Terminal use in, Oh my gosh, 

417
00:22:36,720 --> 00:22:39,800
like almost everyday financial 
news and reporting. 

418
00:22:39,800 --> 00:22:44,320
I think it was on CNBC last week
or you know, one of those shows.

419
00:22:45,240 --> 00:22:47,680
I, I would call that mainstream,
breaking out of this bubble in 

420
00:22:47,680 --> 00:22:53,000
which one to 2000 active people 
are talking about it and at 

421
00:22:53,000 --> 00:22:56,440
least providing the opportunity 
for others to become aware of 

422
00:22:56,440 --> 00:22:57,960
it. 
I, I would call that breaking 

423
00:22:57,960 --> 00:23:00,880
out into the mainstream, of 
course, getting more users 

424
00:23:00,960 --> 00:23:06,360
paramount in becoming a 
mainstream application, but 

425
00:23:06,360 --> 00:23:08,720
making its way there. 
I, I would, I would definitely 

426
00:23:08,720 --> 00:23:12,520
say yes at this point in time. 
I mean, the, the collaborations,

427
00:23:12,520 --> 00:23:14,640
the partnerships thus far have 
been slam dunks. 

428
00:23:14,640 --> 00:23:17,160
They make a lot of sense. 
They're not like reach weird 

429
00:23:17,560 --> 00:23:19,880
connections. 
So I, I think everybody who's 

430
00:23:19,880 --> 00:23:22,040
pulling the strings here is 
doing an excellent job of 

431
00:23:22,040 --> 00:23:24,800
getting this and creating a 
really, really strong potential 

432
00:23:24,800 --> 00:23:28,240
top of funnel. 
I love the product. 

433
00:23:28,240 --> 00:23:29,200
I think they've done a great 
job. 

434
00:23:29,200 --> 00:23:30,000
Brett, maybe I'll toss it to 
you. 

435
00:23:30,000 --> 00:23:34,200
I think what what's really 
throwing me off, I guess is, is 

436
00:23:34,200 --> 00:23:37,600
really just looking at that the 
the user counts like like 

437
00:23:37,600 --> 00:23:41,640
Frintech had the this level of 
numbers right at at peak, 

438
00:23:41,680 --> 00:23:44,160
weren't they putting this up? 
So I guess I'm curious for your 

439
00:23:44,160 --> 00:23:48,040
thoughts, are you surprised at 
the at how mainstream this app 

440
00:23:48,040 --> 00:23:49,440
is? 
Like it's, it's quite literally 

441
00:23:49,440 --> 00:23:53,280
on CNBC. 
It's on major media streams on a

442
00:23:53,280 --> 00:23:56,440
daily basis. 
But it seems like the user base 

443
00:23:56,440 --> 00:23:59,960
is primarily like a core crypto 
subset, right? 

444
00:24:01,200 --> 00:24:03,120
Yeah, I'm, I mean, I'm not 
surprised by it. 

445
00:24:03,120 --> 00:24:08,000
I was actually back in March, I 
was even like I saw Poly market,

446
00:24:08,000 --> 00:24:09,840
I was getting involved in it and
I was even talking about 

447
00:24:09,840 --> 00:24:12,640
building out an alternative 
because there's some stuff that 

448
00:24:12,640 --> 00:24:16,320
I thought they could revamp. 
But yeah, I'm not, I'm not 

449
00:24:16,320 --> 00:24:18,680
surprised given the, the 
political climate and how 

450
00:24:18,680 --> 00:24:24,120
contentious a lot of this stuff 
is and how could it being a true

451
00:24:24,120 --> 00:24:25,240
reform. 
I, I think a lot of people do 

452
00:24:25,240 --> 00:24:27,960
believe that with monetary 
backing, if you actually do it 

453
00:24:27,960 --> 00:24:30,080
is a truth seeking machine. 
As Vitalik said. 

454
00:24:30,160 --> 00:24:36,000
I, I tend to agree with that. 
The I made a point that like the

455
00:24:36,600 --> 00:24:39,480
Poly market or these prediction 
markets, kind of they are about 

456
00:24:39,480 --> 00:24:43,440
emotion or at least the market 
arbs out emotion, whereas like 

457
00:24:43,440 --> 00:24:45,600
even coins like emotion is 
exacerbated. 

458
00:24:45,600 --> 00:24:48,960
So like they're kind of like a 
go hand in hand with each other.

459
00:24:49,800 --> 00:24:52,360
So I'm not surprised to see it, 
it did grow. 

460
00:24:52,400 --> 00:24:55,760
I am surprised to see how 
prominent it is in mainstream 

461
00:24:55,760 --> 00:24:59,040
media and how I guess that 
hasn't translated to direct 

462
00:24:59,040 --> 00:25:02,320
users because you're right, 6060
thousand seems like a really big

463
00:25:02,320 --> 00:25:03,800
number. 
That's kind of what the fintech 

464
00:25:03,800 --> 00:25:05,520
numbers were, although I'd say 
those are probably a little 

465
00:25:05,520 --> 00:25:09,440
more. 
I don't know that is truthful. 

466
00:25:09,440 --> 00:25:11,560
That is civil. 
There's not so much civil 

467
00:25:11,560 --> 00:25:16,600
incentive here or any really. 
So yeah, I'm not surprised by 

468
00:25:17,800 --> 00:25:20,840
the growth. 
I am surprised by the amount of 

469
00:25:20,880 --> 00:25:24,080
prominence within mainstream. 
Yes, that's good for us. 

470
00:25:25,600 --> 00:25:29,400
It is and they've done a really 
good job spinning up new 

471
00:25:29,400 --> 00:25:32,720
markets. 
I think I've personally been a 

472
00:25:32,880 --> 00:25:35,240
little surprised at how they've 
been able to manage the the 

473
00:25:35,240 --> 00:25:37,400
daily volume. 
So that they had been like we 

474
00:25:37,400 --> 00:25:40,000
had a few blow off days around 
like when the VP market was 

475
00:25:40,000 --> 00:25:43,520
resolved, when a few large bets 
were resolved. 

476
00:25:43,520 --> 00:25:46,120
But you know, largely up and to 
the right people are they're, 

477
00:25:46,120 --> 00:25:48,800
they're finding daily things to 
to bet on. 

478
00:25:49,560 --> 00:25:51,680
So they've done. 
Someone, someone mentioned the 

479
00:25:52,400 --> 00:25:54,560
mention market. 
I like, I, I like the mention 

480
00:25:54,560 --> 00:25:57,360
market that's kind of starting 
to grow out of this. 

481
00:25:57,360 --> 00:26:01,080
Like you had mentioned, you're 
mentioning words inside of a 

482
00:26:01,080 --> 00:26:03,360
specific, specific debate. 
People are having a lot of fun 

483
00:26:03,360 --> 00:26:06,440
with that kind of stuff. 
And I'm wondering if the mention

484
00:26:06,440 --> 00:26:11,080
market is something that will 
persist beyond the actual like, 

485
00:26:11,080 --> 00:26:14,360
you know, political shit. 
It has its own tab now. 

486
00:26:14,360 --> 00:26:18,600
I I I didn't even realize that. 
So what? 

487
00:26:18,600 --> 00:26:22,280
I hate the one thing that I 
dislike is the wrong word. 

488
00:26:23,480 --> 00:26:25,360
It's very hard to find resolved 
bets. 

489
00:26:25,360 --> 00:26:28,200
So I'd love to pull up the 
mentions market from from the 

490
00:26:28,200 --> 00:26:31,720
Trump speech yesterday, Logie's 
no on Pavel hit. 

491
00:26:31,720 --> 00:26:34,440
I went two for five, but I hit a
long shot. 

492
00:26:35,080 --> 00:26:38,840
So we basically broke even 
betting that the Trump mentions.

493
00:26:39,840 --> 00:26:44,400
It does feel like mentions and 
all these markets are politics, 

494
00:26:44,560 --> 00:26:46,120
right? 
So I think the question is will 

495
00:26:46,120 --> 00:26:50,880
mentions be able to break out 
of, you know, these presidential

496
00:26:50,880 --> 00:26:53,640
candidates who every speech that
they're giving right now is 

497
00:26:53,640 --> 00:26:56,520
under more microscopes than 
anything else. 

498
00:26:56,520 --> 00:27:00,720
But it's an interesting concept.
Brad, you asked me in the in the

499
00:27:00,720 --> 00:27:05,840
chat before did did bet on their
$20 million a day steal in the 

500
00:27:05,840 --> 00:27:08,360
Poly Market Volume? 
I don't really know that it did.

501
00:27:08,360 --> 00:27:10,960
I think it does. 
It does raise some questions of 

502
00:27:10,960 --> 00:27:15,040
what that 20 million is. 
But the big news also prediction

503
00:27:15,040 --> 00:27:21,120
markets folks, predict Not Fun 
is set to launch on blast next 

504
00:27:21,160 --> 00:27:22,240
week. 
So they're going live on 

505
00:27:22,240 --> 00:27:24,480
Tuesday. 
As a reminder, they were given 

506
00:27:24,480 --> 00:27:30,080
879,000 Blast gold. 
That's worth roughly $879 or so 

507
00:27:30,080 --> 00:27:34,160
pending your calculations. 
And they are set to finally go 

508
00:27:34,160 --> 00:27:35,320
live. 
They missed August. 

509
00:27:35,320 --> 00:27:38,760
They will be live next month. 
If you don't remember, they came

510
00:27:38,760 --> 00:27:42,240
out with a pretty strong pitch 
and how they're differentiating 

511
00:27:42,240 --> 00:27:46,320
themselves from polling market, 
that pitch being native yield, 

512
00:27:46,640 --> 00:27:50,640
higher liquidity, higher 
precision and the substantial 

513
00:27:50,720 --> 00:27:52,840
incentives. 
And of course, this is going 

514
00:27:52,840 --> 00:27:56,280
live on blast. 
Logan, I'll toss this to you to 

515
00:27:56,280 --> 00:27:59,760
start. 
Which which of these four 

516
00:27:59,760 --> 00:28:01,680
factors do you think are most 
important? 

517
00:28:01,680 --> 00:28:03,600
To to you or to to broader 
users? 

518
00:28:04,960 --> 00:28:06,800
Yeah. 
I mean, I think incentives to, 

519
00:28:07,040 --> 00:28:11,360
to me, you know, high liquidity 
is great native yield is great 

520
00:28:11,480 --> 00:28:13,560
precision. 
We're still not exactly sure 

521
00:28:13,960 --> 00:28:17,840
what that means in terms of the,
the pure application of it. 

522
00:28:18,280 --> 00:28:21,000
Incentives though, you know, 
give me a reason not to go to 

523
00:28:21,000 --> 00:28:25,840
polymarket basically. 
Is that blast gold 879,000 Blast

524
00:28:25,840 --> 00:28:28,960
gold maybe is there something 
else on top of that like a 

525
00:28:28,960 --> 00:28:30,760
predict token? 
Right? 

526
00:28:31,200 --> 00:28:32,040
Maybe. 
Who knows? 

527
00:28:32,040 --> 00:28:35,680
I'm, I'm clearly speculating 
here, but that that would be 

528
00:28:35,720 --> 00:28:39,120
personally what would give me a 
reason to potentially use 

529
00:28:39,120 --> 00:28:41,560
predict versus Poly market at 
this time. 

530
00:28:41,760 --> 00:28:44,600
You know, there, there are pros 
and cons to the, the sorry, I 

531
00:28:44,880 --> 00:28:47,120
mean, there's lots of cons to 
low liquidity, but there's also 

532
00:28:47,120 --> 00:28:50,480
pros in the fact that you have 
opportunities to take advantage 

533
00:28:50,480 --> 00:28:53,000
of arbs or, you know, markets 
that are clearly more 

534
00:28:53,000 --> 00:28:54,920
inefficient, right? 
That that's why that one doesn't

535
00:28:54,920 --> 00:28:58,160
matter so much to me. 
Like I said, precision. 

536
00:28:58,160 --> 00:29:00,680
We'll wait and see. 
And as a small note, Tyler, I 

537
00:29:00,680 --> 00:29:03,120
was thinking about when Mando's 
walking through the D5 coins and

538
00:29:03,120 --> 00:29:04,720
stuff. 
I I happened to scroll through 

539
00:29:05,080 --> 00:29:08,560
UMA which is listed on there for
I don't know why, but is that a 

540
00:29:08,560 --> 00:29:11,320
picks and shovels type 
prediction markets going 

541
00:29:11,320 --> 00:29:13,840
mainstream? 
Play one of those oracles, an 

542
00:29:13,840 --> 00:29:17,800
Oracle coin, not the. 
Segue so Uma Uma has a token is 

543
00:29:17,840 --> 00:29:20,080
that? 
Yeah, I, I pulled it up. 

544
00:29:21,840 --> 00:29:23,920
It's down 95% from all time 
high. 

545
00:29:23,920 --> 00:29:30,040
OK, it's $2.16. 
It's down 14% in the last 30 

546
00:29:30,040 --> 00:29:32,480
days. 
But that's the Oracle that I 

547
00:29:32,480 --> 00:29:35,120
believe predict that fun has 
teased. 

548
00:29:35,120 --> 00:29:38,240
I think they only have like 3 or
4 tweets, but I believe there's 

549
00:29:38,240 --> 00:29:40,960
something about UMA there. 
And then I don't, I don't know 

550
00:29:40,960 --> 00:29:42,760
the the picks and shovels 
insurance and out technical 

551
00:29:42,760 --> 00:29:44,000
details of the oracles and 
stuff. 

552
00:29:44,000 --> 00:29:46,320
But if you scroll to the bottom 
of Polymarket, it indicates that

553
00:29:46,320 --> 00:29:48,080
it's powered by UMA. 
As well. 

554
00:29:48,120 --> 00:29:50,160
Yeah. 
So yeah, Uma definitely powering

555
00:29:50,160 --> 00:29:52,520
Polymarket. 
It's interesting to see it power

556
00:29:52,520 --> 00:29:55,200
predict that fun. 
Which raises the question of the

557
00:29:55,200 --> 00:29:57,200
high precision factors. 
So how are they going to have 

558
00:29:57,200 --> 00:30:00,640
higher precision with the same? 
Unless they had perhaps like a 

559
00:30:00,640 --> 00:30:03,840
curated team? 
I guess I'm not really familiar 

560
00:30:03,840 --> 00:30:06,720
exactly with how the UMAUMA 
protocol works. 

561
00:30:07,680 --> 00:30:09,760
Yeah, me neither. 
I I can't answer for any of that

562
00:30:09,760 --> 00:30:11,800
stuff. 
It's just a spur of the moment 

563
00:30:11,800 --> 00:30:13,040
thought as. 
I was just scrolling. 

564
00:30:13,040 --> 00:30:16,080
Through those coins. 
But I mean, if you believe in, 

565
00:30:17,000 --> 00:30:19,920
you know, prediction markets 
being the thing, which I think a

566
00:30:19,920 --> 00:30:23,880
lot of people are from this 
cycle, right, as being the the 

567
00:30:23,880 --> 00:30:28,320
thing that kind of makes its way
out of crypto here, that's your 

568
00:30:28,320 --> 00:30:31,280
that feels like a picks and 
shovels type play, you know? 

569
00:30:32,120 --> 00:30:35,600
The interesting play interesting
play for sure. 

570
00:30:36,440 --> 00:30:38,200
I, I disagree with you your 
comment on which of these 

571
00:30:38,200 --> 00:30:40,160
factors matter, but I'll save my
thoughts. 

572
00:30:40,160 --> 00:30:42,040
I, I don't want to sway bread. 
Bread. 

573
00:30:42,040 --> 00:30:44,800
Curious for your thoughts which 
of these four factors will 

574
00:30:44,800 --> 00:30:48,480
matter the most? 
Logie went with incentives for 

575
00:30:48,480 --> 00:30:50,040
native yield, liquidity, 
precision. 

576
00:30:51,040 --> 00:30:54,240
I think matter for me is 
different than matter for, for 

577
00:30:54,240 --> 00:30:58,120
the product matter for me, I 
don't like long term bets in 

578
00:30:58,120 --> 00:31:02,240
these and probably because there
is there is no native yield 

579
00:31:02,240 --> 00:31:04,360
associated to it. 
But you notice that on 

580
00:31:04,360 --> 00:31:09,800
polymarket a lot of the higher, 
higher liquidity and higher 

581
00:31:10,160 --> 00:31:13,160
capital markets are the ones 
that are long dated, right? 

582
00:31:13,160 --> 00:31:15,520
Like the the fucking election, 
right. 

583
00:31:15,640 --> 00:31:17,840
People have conviction on that 
and it's six months out or 

584
00:31:17,840 --> 00:31:19,840
whatever. 
Those people would appreciate 

585
00:31:19,840 --> 00:31:22,360
native yield and having that 
native yield weight also 

586
00:31:22,360 --> 00:31:26,600
probably give people included 
additional incentives to 

587
00:31:26,600 --> 00:31:29,000
actually put out bids like limit
orders and stuff and actually 

588
00:31:29,000 --> 00:31:33,120
thicken up the the order book 
because now you have margin of 

589
00:31:33,120 --> 00:31:37,280
error of what an extra 4% that 
you're willing to to play with. 

590
00:31:37,280 --> 00:31:40,640
So now instead of like people 
having to do this because 

591
00:31:40,680 --> 00:31:42,560
there's basically no incentives 
on polymarket, right? 

592
00:31:42,560 --> 00:31:46,000
It's like a dollar for every 500
bucks that you bet or some shit,

593
00:31:46,640 --> 00:31:51,280
a close to the actual the actual
limit that's out there. 

594
00:31:51,600 --> 00:31:55,520
If you do, now you have 4% on 
top of that, plus the additional

595
00:31:55,520 --> 00:31:58,000
blasts incentives, right? 
So now you have people that are 

596
00:31:58,000 --> 00:32:00,320
willing to actually like throw 
orders out there because, well, 

597
00:32:00,320 --> 00:32:01,920
shit, I have progressing out 
there. 

598
00:32:01,920 --> 00:32:04,280
I'm making money anyways. 
If I'm wrong, while I still get,

599
00:32:04,280 --> 00:32:08,280
you know, I can I, it extends 
the time window around my bet 

600
00:32:08,280 --> 00:32:10,680
being right or wrong, right? 
Like I can sit there and throw 

601
00:32:10,680 --> 00:32:13,800
it out there and hold on to it, 
but if it starts moving away 

602
00:32:13,800 --> 00:32:17,280
from me, my margin of error is 
now 6% away from me as opposed 

603
00:32:17,280 --> 00:32:20,120
to like if I'm wrong every 
percent is is cutting out of my 

604
00:32:20,120 --> 00:32:24,320
capital or my principal. 
So I think that, OK, go ahead. 

605
00:32:25,080 --> 00:32:28,600
No, so stats was talking about 
this yesterday that the native 

606
00:32:28,600 --> 00:32:32,000
yield and commenting on its 
importance. 

607
00:32:32,000 --> 00:32:35,560
I mean, you've got markets on 
Poly like Alabama presidential 

608
00:32:35,560 --> 00:32:38,280
election winner, it's only at 
98%. 

609
00:32:38,280 --> 00:32:41,560
Like in reality this is 
basically 100% like Alabama is 

610
00:32:41,560 --> 00:32:47,240
going to go Republican. 
But the, the opportunity cost of

611
00:32:47,240 --> 00:32:50,480
locking up your capital, it 
just, it's not enough for folks 

612
00:32:50,480 --> 00:32:54,320
to to go get that extra, you 
know, 2% or whatever it is. 

613
00:32:54,320 --> 00:32:57,600
But with native yield on top of 
your bet, maybe that is enough 

614
00:32:57,600 --> 00:33:02,960
to go for the folks who want to 
go these like micro game back up

615
00:33:02,960 --> 00:33:05,000
the the pennies in front of the 
steamrollers. 

616
00:33:05,200 --> 00:33:07,680
They're going to have more 
opportunities with the native 

617
00:33:07,680 --> 00:33:10,480
yield. 
That's not going to be it for 

618
00:33:10,480 --> 00:33:12,280
me. 
I still think the high liquidity

619
00:33:12,280 --> 00:33:14,480
matters the most. 
Like you can have all the 

620
00:33:14,480 --> 00:33:17,680
incentives in the world. 
You can have a great native 

621
00:33:17,680 --> 00:33:20,400
yield, but you can't get good 
action down on these markets. 

622
00:33:20,400 --> 00:33:21,680
I got. 
I don't think it's going to, 

623
00:33:21,680 --> 00:33:23,200
It's not going to. 
Be well, they go together, 

624
00:33:23,240 --> 00:33:25,120
right? 
That's what I, that's what I was

625
00:33:25,120 --> 00:33:27,200
saying. 
Having that native yield allows 

626
00:33:27,200 --> 00:33:30,480
for people to increase their 
liquidity or like put orders on 

627
00:33:30,480 --> 00:33:33,920
the books, right? 
Because now, like I said, I, I'm

628
00:33:33,920 --> 00:33:38,400
viewing this, that you mentioned
the time effect of this, and I 

629
00:33:38,400 --> 00:33:40,480
think that is very important, 
right, right. 

630
00:33:40,480 --> 00:33:43,080
So like I can put an order on 
the book knowing that if my 

631
00:33:43,080 --> 00:33:45,800
order is sitting out there, I'm 
getting native yield on it and I

632
00:33:45,800 --> 00:33:48,920
can sit there and let this thing
move away from me and you know, 

633
00:33:48,920 --> 00:33:53,280
keep my bid out there for, you 
know, as it creeps away from me 

634
00:33:53,280 --> 00:33:55,320
for a couple percent because I 
know I'm still in the green. 

635
00:33:55,320 --> 00:33:58,320
Like I'm not eating into my cap 
or my principal once I put that 

636
00:33:58,320 --> 00:34:01,200
bit out there. 
So like right now, if I do it on

637
00:34:01,320 --> 00:34:04,560
on polymarket, I do it every 
percent of it moves away from 

638
00:34:04,560 --> 00:34:05,400
me. 
I'm losing money. 

639
00:34:05,520 --> 00:34:07,920
But if if I'm or I lose, I'm 
losing my principal. 

640
00:34:07,920 --> 00:34:11,159
I should say if I do that now 
knowing that I have blast fold 

641
00:34:11,159 --> 00:34:14,440
incentives, which is usually 
closest to the current, like 

642
00:34:14,440 --> 00:34:16,639
they're probably going to do the
same blur thing, right, Because 

643
00:34:16,639 --> 00:34:19,480
blur they do incentivize bids 
that are close to the actual 

644
00:34:19,480 --> 00:34:21,600
floor price. 
Do something similar to that to 

645
00:34:21,600 --> 00:34:24,239
thicken up the order book. 
They're probably going to run 

646
00:34:24,239 --> 00:34:26,800
the same playbook here. 
They have blast fold with 

647
00:34:26,800 --> 00:34:32,239
proximity to the the current, 
the current price and then to 

648
00:34:32,239 --> 00:34:33,400
have native yield on top of 
that. 

649
00:34:33,400 --> 00:34:35,480
So I can sit there and have my 
thing resting out there and as 

650
00:34:35,480 --> 00:34:38,600
it moves away from me for three 
weeks, a month and just let it 

651
00:34:38,600 --> 00:34:40,320
bleed. 
I can I'm not actually eating 

652
00:34:40,320 --> 00:34:42,560
into my principle. 
So I think it like the native 

653
00:34:42,560 --> 00:34:44,800
yield adds to the high liquidity
it. 

654
00:34:44,800 --> 00:34:50,840
Will intense, I feel like my 
read is they are risk averse. 

655
00:34:50,840 --> 00:34:55,520
So like they're happy to farm 
with their capital in low risk 

656
00:34:55,520 --> 00:34:58,560
methods, but provide liquidity 
on some of these markets. 

657
00:34:58,560 --> 00:35:01,760
You are you are putting it up 
right, But there is a chance 

658
00:35:01,760 --> 00:35:04,080
that you can lose it. 
So I guess is the scenario here 

659
00:35:04,360 --> 00:35:08,640
that they're going to, you know,
market make the 5050 Trump 

660
00:35:08,760 --> 00:35:12,280
Kamala election market and then 
just pull, pull the quiddity 2 

661
00:35:12,280 --> 00:35:16,160
days before? 
Like is that the is, is that the

662
00:35:16,160 --> 00:35:17,880
play here? 
I'm I'm just kind of curious how

663
00:35:17,880 --> 00:35:21,240
this is all going to map out 
what the gold incentives On the 

664
00:35:21,240 --> 00:35:24,240
gold topic, Brad, since you, you
have been chatting about it a 

665
00:35:24,240 --> 00:35:26,560
bit, What's, what's your current
price target? 

666
00:35:26,560 --> 00:35:31,320
So we had we had what $6 per 
gold was the target ahead of 

667
00:35:31,320 --> 00:35:34,240
TGEI think it ended up coming 
out around a dollar. 

668
00:35:34,600 --> 00:35:38,000
What the what's your mental 
model for it for round two? 

669
00:35:38,760 --> 00:35:42,880
To be honest, I so I've been 
evaluating L2 dynamics for a 

670
00:35:42,880 --> 00:35:47,080
while now and I'm still, it's 
the, the psychological aspect of

671
00:35:47,080 --> 00:35:50,720
bidding these L2 tokens and just
the Ethereum ecosystem largely 

672
00:35:50,960 --> 00:35:52,920
is kind of fucking with my head,
right? 

673
00:35:52,920 --> 00:35:56,920
Because as we know, in the 
current paradigm, L2 tokens have

674
00:35:57,000 --> 00:36:00,040
basically no correlation with 
the actual underlying activity. 

675
00:36:00,360 --> 00:36:06,440
Like, I'm sorry, no, no 
structural tie into the actual 

676
00:36:06,440 --> 00:36:09,160
activity on the thing, although 
they do seem to correlate a 

677
00:36:09,160 --> 00:36:10,360
little bit based on the 
activity. 

678
00:36:10,360 --> 00:36:13,800
So people are psychologically 
associating these L2 tokens with

679
00:36:13,840 --> 00:36:16,280
activity on the chain even 
though they're not directly tied

680
00:36:16,280 --> 00:36:18,800
to each other. 
And that kind of ties into the 

681
00:36:18,800 --> 00:36:21,400
fragmentation that Mando was 
talking about before, right? 

682
00:36:21,720 --> 00:36:25,120
Although I'm in the Etherium 
ecosystem, if I want exposure to

683
00:36:25,120 --> 00:36:28,320
base, I'm not going to buy 
Etherium. 

684
00:36:28,400 --> 00:36:31,320
I buy if base has a token, I'm 
going to buy a base token even 

685
00:36:31,320 --> 00:36:34,320
if it is a bullshit governance 
token or I'm going to buy OP 

686
00:36:34,320 --> 00:36:36,120
because base is in the Super 
chain. 

687
00:36:36,120 --> 00:36:38,880
And like, so like 
psychologically, traders seem to

688
00:36:38,880 --> 00:36:43,800
tie exposure to ecosystem to the
L2 tokens and bringing this all 

689
00:36:43,800 --> 00:36:49,360
back around, I think based on 
some of glass like combined 

690
00:36:49,360 --> 00:36:52,920
incentives inside the ecosystem 
where they have the application 

691
00:36:52,920 --> 00:36:56,960
revenue or like activity going 
back to that actual application 

692
00:36:56,960 --> 00:36:58,680
teams, right? 
Like the contract source 

693
00:36:58,680 --> 00:37:00,360
revenue. 
If I'm an app that drives 

694
00:37:00,720 --> 00:37:04,120
activity on the chain, I get 
like the gas fees from or the 

695
00:37:04,120 --> 00:37:06,240
fees that the that we actually 
generate back to me. 

696
00:37:06,240 --> 00:37:08,560
So that's instead of just for 
the team native yield, which 

697
00:37:08,560 --> 00:37:12,520
allows for products like this 
predict dot fund blowing up a 

698
00:37:12,520 --> 00:37:14,800
little bit, being a little 
differentiators and being a 

699
00:37:14,800 --> 00:37:16,960
native like the native yield 
helps there. 

700
00:37:17,760 --> 00:37:22,720
And then the mobile first had 
objectives of Blast. 

701
00:37:22,880 --> 00:37:26,480
I'm still hopeful that again, 
because even though the token 

702
00:37:26,480 --> 00:37:28,600
itself doesn't directly tied to 
the activity on the chain, 

703
00:37:28,840 --> 00:37:30,480
traders do associate it with 
that. 

704
00:37:31,280 --> 00:37:34,040
I'm still hopeful blast. 
So I think it's mispriced. 

705
00:37:34,440 --> 00:37:38,280
I think it is something that 
will come back up just because 

706
00:37:38,480 --> 00:37:41,440
you know, like the, there's a 
lot of unique things that Blast 

707
00:37:41,440 --> 00:37:44,240
has to offer and I think that'll
that'll shine through 

708
00:37:44,240 --> 00:37:47,040
eventually. 
All right, Brett says. 

709
00:37:47,040 --> 00:37:51,360
Raise your targets, folks. 
So get back out in those blast 

710
00:37:51,360 --> 00:37:53,560
streets. 
We certainly have seen that like

711
00:37:53,560 --> 00:37:57,360
running out this discussion. 
Pac-Man has endorsed predict 

712
00:37:57,360 --> 00:37:59,800
that fund pretty heavily. 
I think there's going to be a 

713
00:37:59,800 --> 00:38:05,080
lot of attention on this. 
The other app on blast that has 

714
00:38:05,080 --> 00:38:07,680
attention right now, folks, 
unless you've been living under 

715
00:38:07,680 --> 00:38:11,240
a rock, it's fancy top. 
I know this is another big one 

716
00:38:12,160 --> 00:38:15,960
for bread folks, kind of combing
through the data. 

717
00:38:15,960 --> 00:38:21,880
We don't really have it from 
this weekend just yet, but last 

718
00:38:21,880 --> 00:38:23,920
weekend we did see, I want to 
say. 

719
00:38:23,920 --> 00:38:24,840
So it was Friday. 
Yeah. 

720
00:38:24,840 --> 00:38:29,520
So last Friday they hit 
basically a two-month high in 

721
00:38:29,520 --> 00:38:34,920
daily trading volume, eclipsing 
what had been another two-month 

722
00:38:34,920 --> 00:38:39,760
high just the week before. 
And we are off to another fast 

723
00:38:39,760 --> 00:38:45,360
start here this weekend. 
We see mint the the minting rate

724
00:38:45,360 --> 00:38:50,400
is now at three month highs. 
Let's take a look at users. 

725
00:38:50,520 --> 00:38:55,600
Users still pretty steady. 
So user growth is not really, 

726
00:38:55,800 --> 00:38:57,760
you know, moving up and to the 
right. 

727
00:38:57,760 --> 00:39:00,920
Looks like we've got just a core
1600 people who are using this 

728
00:39:00,920 --> 00:39:05,120
app and they come in and they 
use it every every week. 

729
00:39:06,600 --> 00:39:09,120
Brad Kill, curious for your 
thoughts, if you've had a chance

730
00:39:09,120 --> 00:39:13,040
to kind of dig into any of the 
data since you've been back from

731
00:39:13,040 --> 00:39:16,640
Norway Press, what might jump 
out to you, you know, from any 

732
00:39:16,640 --> 00:39:20,040
of these metrics? 
Yeah, I so I actually keep a 

733
00:39:20,040 --> 00:39:22,640
local dashboard that I, I run 
through and do some, some 

734
00:39:22,640 --> 00:39:24,760
tracking on things like the 
number of listings on the 

735
00:39:24,760 --> 00:39:27,240
marketplace and then unique 
holders of the actual fantasy 

736
00:39:27,240 --> 00:39:31,000
tokens, stuff like that. 
I've been, I've been noticing. 

737
00:39:31,320 --> 00:39:33,360
So like the, the Market Volume 
numbers is good. 

738
00:39:33,400 --> 00:39:37,120
Obviously we like to see volume,
the fresh mints is good. 

739
00:39:37,160 --> 00:39:39,520
We like to see that because 
that's that shows just new 

740
00:39:39,520 --> 00:39:41,400
capital coming into the thing. 
And that's honestly like that's 

741
00:39:41,400 --> 00:39:43,320
what gets redistributed to the 
heroes kind of starts at 

742
00:39:43,320 --> 00:39:45,280
flywheel again. 
And that's good for us because 

743
00:39:45,280 --> 00:39:48,280
we're heroes. 
And then but I I've been 

744
00:39:48,280 --> 00:39:52,200
watching the unique holders of 
the actual fantasy tokens 

745
00:39:52,200 --> 00:39:56,480
themselves, so the actual cards 
and we've almost, almost, almost

746
00:39:56,480 --> 00:40:00,480
had our first positive day. 
We've been down only for the 

747
00:40:00,480 --> 00:40:03,280
last three months. 
Every single day we clip out. 

748
00:40:04,320 --> 00:40:08,200
10s to hundreds and but the last
few months or last few weeks I 

749
00:40:08,200 --> 00:40:12,200
should say it's been single 
digits, double digits, low 20s, 

750
00:40:12,760 --> 00:40:14,920
high singles. 
So I've been waiting for that 

751
00:40:14,920 --> 00:40:18,080
one day where I can put the post
out and say like first Green Day

752
00:40:18,080 --> 00:40:23,240
holders gone up day over day in 
three months right since launch 

753
00:40:23,320 --> 00:40:25,360
effectively, but it's bottoming 
up. 

754
00:40:25,360 --> 00:40:27,520
It's really close. 
We literally yesterday was a one

755
00:40:27,520 --> 00:40:29,880
person left. 
So I got. 

756
00:40:30,280 --> 00:40:34,200
Close. 
Yeah, it it feels upswingy and 

757
00:40:34,200 --> 00:40:37,080
there's a colt for me. 
A Colt is absolutely for me. 

758
00:40:37,080 --> 00:40:39,440
I think one of the challenges 
with Fanstop, I still think it's

759
00:40:39,440 --> 00:40:42,840
hard for like a minnow to play. 
I think it's hard to to put .1 

760
00:40:42,840 --> 00:40:46,440
Ethan and really play just yet. 
So you got to come to the table 

761
00:40:46,440 --> 00:40:52,440
with a little bit more. 
We're seeing the overall floor 

762
00:40:52,440 --> 00:40:54,960
kind of hold up. 
So it got to point OO9 almost 

763
00:40:54,960 --> 00:40:58,320
point O1 the other day. 
It's down a touch here. 

764
00:40:58,320 --> 00:41:01,040
How is your port? 
How's your portfolio been doing?

765
00:41:01,040 --> 00:41:04,680
Have you been happy with, you 
know, recent action, Brett? 

766
00:41:05,800 --> 00:41:10,440
So actually, thanks to the ever 
decreasing price of Ethereum, I 

767
00:41:10,480 --> 00:41:15,080
think I'm actually like neutral 
slash up because of and like 

768
00:41:15,080 --> 00:41:18,880
blast rewards and then like the 
actual like work price of some 

769
00:41:18,880 --> 00:41:20,240
of the upper to tier cards I 
got. 

770
00:41:21,640 --> 00:41:24,040
So I'm doing all right. 
I'm honestly, I'm constantly 

771
00:41:24,040 --> 00:41:27,840
just like recycling these things
into tournaments. 

772
00:41:27,840 --> 00:41:30,880
That was kind of the thesis is 
like OK, lump sum upfront and I 

773
00:41:30,880 --> 00:41:34,440
could just like keep rolling out
a solid deck week over week and 

774
00:41:34,440 --> 00:41:38,320
hopefully get enough fantasy 
points, slash cards, slash trade

775
00:41:38,400 --> 00:41:41,360
ETH rewards to justify the 
initial spend. 

776
00:41:41,600 --> 00:41:43,880
And then, you know, if I need to
bail out, I can bail out. 

777
00:41:44,920 --> 00:41:47,040
So I'm I'm happy with it and it 
is fun. 

778
00:41:47,040 --> 00:41:48,000
Like it is a little bit 
different. 

779
00:41:48,000 --> 00:41:50,760
I just keep rolling it out. 
Some of my heroes have screwed 

780
00:41:50,760 --> 00:41:54,320
me, which is fine. 
That was kind of expected part 

781
00:41:54,320 --> 00:41:56,920
of the game that makes it fun 
and. 

782
00:41:56,960 --> 00:42:01,000
Yeah, so let's talk about that. 
So Amanda on a, on a huge 

783
00:42:01,000 --> 00:42:02,520
upswing. 
So shout out to Amanda. 

784
00:42:02,520 --> 00:42:06,640
He had a solid 3 weeks there 
back over back into the top 100.

785
00:42:06,960 --> 00:42:11,280
Took a, a little bit of a fall 
this week, but I'm sure he will 

786
00:42:11,280 --> 00:42:14,200
shake that one off as we get 
into next week. 

787
00:42:14,200 --> 00:42:17,520
Brad, your, your Norway trip we 
got, we got a, you know, you've 

788
00:42:17,520 --> 00:42:20,720
been calling out some of your 
heroes for not performing your 

789
00:42:20,720 --> 00:42:23,000
fancy top hole. 
Bowlers want to know, are you 

790
00:42:23,000 --> 00:42:27,840
back and locked in to the desk? 
Yeah, I I was getting they 

791
00:42:27,840 --> 00:42:29,280
thought the butt would do it 
week over week. 

792
00:42:29,280 --> 00:42:32,520
Apparently that's shock factor. 
One week is good, the following 

793
00:42:32,520 --> 00:42:34,640
week, not as much. 
Yeah. 

794
00:42:34,640 --> 00:42:37,840
So I'm rebuilding it back up for
my boys, trying to help out. 

795
00:42:37,840 --> 00:42:39,920
How do you guys question back to
you both? 

796
00:42:39,960 --> 00:42:42,920
Mando Tyler, what are your 
thoughts on like people 

797
00:42:42,920 --> 00:42:46,280
reviewing you? 
Like, I know Khalid is a big 

798
00:42:46,280 --> 00:42:47,760
guy. 
Every week he does like his 

799
00:42:47,760 --> 00:42:50,200
predictions based on stars the 
following week, whatever you 

800
00:42:50,200 --> 00:42:52,880
guys might see the tag on it. 
How do you like people 

801
00:42:52,880 --> 00:42:57,400
evaluating you as a poster, 
hero, whatever and actually like

802
00:42:57,400 --> 00:42:59,640
cheering you on saying you're 
good, bad, whatever is? 

803
00:43:01,240 --> 00:43:03,920
That to me, yeah, it's, it's 
weird. 

804
00:43:03,920 --> 00:43:08,560
I think I think about two weeks 
ago, I was like, AI was a good 

805
00:43:08,560 --> 00:43:11,240
three star. 
And so people were like, Oh 

806
00:43:11,520 --> 00:43:12,680
yeah, this guy's a great three 
star. 

807
00:43:12,680 --> 00:43:15,840
And then I think I became like a
four-star and then I was like, 

808
00:43:15,920 --> 00:43:19,960
oh, no, fuck this guy. 
So it's kind of funny, like like

809
00:43:20,480 --> 00:43:23,600
I think I want to see my, if you
go to my school over the last 

810
00:43:23,600 --> 00:43:29,640
seven days, I've basically had 
the same score the whole time. 

811
00:43:29,960 --> 00:43:33,880
But like, I think the view of me
is just like completely shifted 

812
00:43:33,920 --> 00:43:36,480
over that period. 
So it's, yeah, that's The funny 

813
00:43:36,520 --> 00:43:39,000
thing about it, like. 
It's because it's relative. 

814
00:43:39,040 --> 00:43:40,320
So I'm learning about the 
algorithm. 

815
00:43:40,320 --> 00:43:42,240
So it's relative, right? 
So it's not just like you, 

816
00:43:42,240 --> 00:43:44,360
you're like based across all of 
Twitter. 

817
00:43:44,360 --> 00:43:46,840
It's based across the cohort of 
heroes that are out there. 

818
00:43:46,840 --> 00:43:49,840
So like if everyone else is is 
crushing and you're doing the 

819
00:43:49,840 --> 00:43:51,960
exact same thing, then you're 
going to go down and be like, 

820
00:43:51,960 --> 00:43:53,760
that's what I'm learning from 
the guys that do this stuff. 

821
00:43:53,760 --> 00:43:56,840
But yeah, it's the same shit 
like, like then you get the guys

822
00:43:56,840 --> 00:43:59,280
that are rooting for you, like, 
oh, I really believe in Mando. 

823
00:43:59,280 --> 00:44:01,240
He's, you know, he's so 
consistent, he's doing whatever 

824
00:44:01,240 --> 00:44:03,360
and he's at least trying. 
Some of these heroes are 

825
00:44:03,400 --> 00:44:05,680
assholes. 
They don't do shit in the get 

826
00:44:05,680 --> 00:44:08,840
rid of them. 
Yeah, my only complaint is not 

827
00:44:08,840 --> 00:44:12,800
being reviewed enough. 
I need to get more meta analysis

828
00:44:12,800 --> 00:44:16,640
on my cards out there. 
So Mando's, oh, that's just a 

829
00:44:16,640 --> 00:44:18,800
seven day. 
I want to see the longer Mando's

830
00:44:18,800 --> 00:44:21,320
pretty much a stable coin. 
Bread not looking the same. 

831
00:44:21,320 --> 00:44:23,000
Let's see how. 
Down only. 

832
00:44:23,680 --> 00:44:25,760
Only indeed. 
See how I'm doing. 

833
00:44:26,520 --> 00:44:30,240
I'm a stable coin as well. 
It is interesting. 

834
00:44:30,240 --> 00:44:33,800
It's like the the the number of 
stars on your cart is a huge 

835
00:44:33,800 --> 00:44:37,600
factor and how playable you are 
in these different tournaments 

836
00:44:37,600 --> 00:44:40,720
based on the stars, caps and and
whatnot. 

837
00:44:40,960 --> 00:44:43,800
I think it's also clear that 
there is a level of bodding that

838
00:44:43,800 --> 00:44:46,480
is happening. 
I certainly see it in my 

839
00:44:46,480 --> 00:44:49,200
engagement, but it doesn't seem 
like the Twitter algo seems to 

840
00:44:49,480 --> 00:44:51,080
care that much. 
I don't think we've seen any 

841
00:44:51,120 --> 00:44:53,520
folks penalized much. 
I guess. 

842
00:44:53,520 --> 00:44:55,320
Logie, have you been, as you've 
been listening to this, I know 

843
00:44:55,320 --> 00:44:57,800
you've been loosely following 
the fantasy markets now since 

844
00:44:57,800 --> 00:45:01,680
they've been out. 
Why do you think they're seeing 

845
00:45:02,280 --> 00:45:05,960
it, this kind of resurgence, 
this comeback here in August 

846
00:45:05,960 --> 00:45:08,360
2024? 
Yeah, it's an interesting 

847
00:45:08,360 --> 00:45:12,000
question. 
I think, you know, you found a a

848
00:45:12,000 --> 00:45:14,920
sticky group of users that enjoy
this. 

849
00:45:15,240 --> 00:45:18,560
I know I've been outspoken about
it not being that fun or it 

850
00:45:18,560 --> 00:45:21,080
seemed that fun, but people have
enjoyed it. 

851
00:45:21,600 --> 00:45:23,280
People's lives are on social 
media. 

852
00:45:23,280 --> 00:45:26,720
This particular cohort and the 
new heroes and those on their 

853
00:45:26,720 --> 00:45:30,880
way out fall in just the same. 
And then the additional 

854
00:45:30,880 --> 00:45:35,080
incentives. 
I mean it, it feels like one of 

855
00:45:35,080 --> 00:45:37,800
those opportunities where a lot 
of eyeballs shifted away. 

856
00:45:38,200 --> 00:45:40,920
And as you've noted on, I think 
on this show, Tyler and others, 

857
00:45:40,920 --> 00:45:43,520
I mean like just by playing the 
tournaments every week, like 

858
00:45:43,520 --> 00:45:47,200
you're doing pretty well, not to
speak for you, but I mean like 

859
00:45:47,440 --> 00:45:51,040
you're making a non trivial 
amount of money each month just 

860
00:45:51,040 --> 00:45:55,320
by rolling your cards back out 
there each and every week. 

861
00:45:55,720 --> 00:45:59,200
And so I think those types of 
things, I mean, people that 

862
00:45:59,200 --> 00:46:01,520
already have the portfolios 
built, why move away? 

863
00:46:01,720 --> 00:46:05,200
You know, if you can kind of do 
really no effort or low effort 

864
00:46:05,400 --> 00:46:10,040
and you know, make a make some 
money, enjoy, engage, you know, 

865
00:46:10,040 --> 00:46:12,600
whatever the case may be for 
each individual person. 

866
00:46:13,200 --> 00:46:16,040
That's what I think. 
I've personally never played the

867
00:46:16,040 --> 00:46:18,520
tournaments of the cards. 
I didn't ever seem that 

868
00:46:18,520 --> 00:46:20,600
interesting to me. 
I have played the tactics a 

869
00:46:20,600 --> 00:46:26,400
couple times near the end of the
first blast gold AirDrop type 

870
00:46:26,400 --> 00:46:29,480
stuff just to experience it. 
It's OK. 

871
00:46:29,680 --> 00:46:31,680
I don't think I ever did well. 
I think I burned. 

872
00:46:31,680 --> 00:46:36,120
However, you know, basically all
my money picking people that 

873
00:46:37,040 --> 00:46:39,280
whatever, you know, I was using 
no analysis or anything like 

874
00:46:39,280 --> 00:46:41,120
that. 
I was, I was picking people that

875
00:46:41,120 --> 00:46:44,840
only I really recognize, which 
is probably a huge flaw as well.

876
00:46:45,440 --> 00:46:47,920
Well aware I was dead money, but
it's OK. 

877
00:46:48,200 --> 00:46:49,560
It's just not not really my 
thing. 

878
00:46:49,560 --> 00:46:53,440
I mean, kudos to this team for 
continuing to do stuff to 

879
00:46:53,480 --> 00:46:54,600
iterate. 
The French test. 

880
00:46:54,960 --> 00:46:56,560
Yeah. 
And in between baguettes, 

881
00:46:56,560 --> 00:46:59,080
they've they've shipped a pretty
good product. 

882
00:46:59,080 --> 00:47:05,080
It's got some clear product 
market that yeah, on the on the 

883
00:47:06,600 --> 00:47:07,880
returns. 
No, I'm I'm probably 

884
00:47:07,880 --> 00:47:10,880
consistently making about half 
an eighth a week at this point 

885
00:47:10,960 --> 00:47:14,120
in rewards plus cards. 
I think the the problem is it is

886
00:47:14,120 --> 00:47:15,480
getting harder so people are 
back. 

887
00:47:15,480 --> 00:47:19,000
It is more competitive. 
The the last question I had is 

888
00:47:19,000 --> 00:47:21,960
fan points. 
So what are our two early price 

889
00:47:21,960 --> 00:47:23,280
predictions? 
Brett, maybe I'll throw this to 

890
00:47:23,280 --> 00:47:25,080
you. 
DJ an ape trader didn't put this

891
00:47:25,080 --> 00:47:27,400
out yesterday got on my radar. 
If you don't know DJ an ape, I 

892
00:47:27,440 --> 00:47:31,640
think he's one of the top pico 
top players in the game. 

893
00:47:32,720 --> 00:47:34,840
He put out some back of the 
napkin math. 

894
00:47:34,840 --> 00:47:39,360
He thinks there's we're on track
to have roughly 2.6 billion fan 

895
00:47:39,360 --> 00:47:43,240
tokens. 
So I guess Brett, 2 early 

896
00:47:43,240 --> 00:47:44,600
predictions. 
What kind of market cap do you 

897
00:47:44,600 --> 00:47:47,600
think we can see fan come out 
at? 

898
00:47:47,760 --> 00:47:53,880
Jesus, I mean, in this market, 0
everything, everything's zero. 

899
00:47:54,000 --> 00:47:55,760
Come out at 5 million, go down 
to 0. 

900
00:47:56,200 --> 00:48:01,040
Come on. 10 million. 
Everything is red and. 

901
00:48:01,040 --> 00:48:02,640
Give me a real. 
Give me a real number if this 

902
00:48:02,640 --> 00:48:07,600
token launches on December 31st.
So look, all right, so that 

903
00:48:07,600 --> 00:48:09,720
means you have to start doing 
comps against what gaming 

904
00:48:09,720 --> 00:48:11,560
tokens, right? 
So because that's how we do 

905
00:48:11,560 --> 00:48:13,120
everything in this in this 
world. 

906
00:48:13,120 --> 00:48:16,200
We comp it against things that 
we think are kind of somewhat 

907
00:48:16,200 --> 00:48:18,440
similar to it. 
And then we say, is it better or

908
00:48:18,440 --> 00:48:20,040
worse? 
And then, you know, that's how 

909
00:48:20,040 --> 00:48:23,600
we do the mental math. 
So what like I would say gaming 

910
00:48:23,600 --> 00:48:25,920
sector. 
OK, so then if we go to the the 

911
00:48:25,960 --> 00:48:28,800
biggest achievers in this, 
what's prime at these days? 

912
00:48:29,320 --> 00:48:37,920
Like Prime is a a notable gaming
token 2. 169,000,000 Market cap 

913
00:48:37,920 --> 00:48:39,720
OK. 
That feels. 

914
00:48:39,720 --> 00:48:41,520
You know, million FTV. 
Wow. 

915
00:48:42,000 --> 00:48:45,760
Like we know it's never going to
be above base or not base blast,

916
00:48:45,760 --> 00:48:47,240
right? 
Like you can, are you going to 

917
00:48:47,240 --> 00:48:50,720
have a token on the platform 
that is higher than the actual 

918
00:48:50,720 --> 00:48:55,400
platform itself? 
Like you're never going to see. 

919
00:48:55,920 --> 00:48:57,760
Probably not. 
Well, not not with this app. 

920
00:48:57,800 --> 00:48:59,520
I wouldn't say, I think it's, I 
think that's possible. 

921
00:48:59,520 --> 00:49:02,200
It's a good question. 
So then what? 

922
00:49:02,200 --> 00:49:03,880
What's blast market cap? 
Because I know that's been 

923
00:49:03,880 --> 00:49:06,360
getting, oh God, getting 
destroyed. 

924
00:49:06,360 --> 00:49:08,960
It's gonna make some people sad.
185 million hundred. 

925
00:49:09,440 --> 00:49:12,920
And 85,000,000, OK, so we figure
a a portion of that that's the 

926
00:49:12,920 --> 00:49:22,520
ceiling at at a minimum I'll say
45,000,000 not bad as my totally

927
00:49:22,720 --> 00:49:26,480
making up a number, it's a 
quarter of what's going on here 

928
00:49:26,880 --> 00:49:29,080
like. 
We're going to need more fan 

929
00:49:29,080 --> 00:49:31,320
points. 
I think it's the take away 

930
00:49:31,320 --> 00:49:33,320
there. 
We're coming out of 45,000,000. 

931
00:49:33,320 --> 00:49:36,680
Let's add a few zeros. 
Last rapid fire prediction. 

932
00:49:36,680 --> 00:49:38,360
We got to get to roll that here 
in a second. 

933
00:49:38,360 --> 00:49:41,280
Machi's pre sale we talked about
a couple days ago on the show, 

934
00:49:42,360 --> 00:49:45,280
he's got this weird metric. 
He's he's tracking with the the 

935
00:49:45,280 --> 00:49:47,320
net worth of people who 
registered the pre sale. 

936
00:49:47,320 --> 00:49:52,840
But apparently that group is up 
to $123 million in net worth. 

937
00:49:54,520 --> 00:49:56,800
Any predictions for this? 
And then Logie, Logie, have you 

938
00:49:56,800 --> 00:49:59,680
registered for this and where do
you think this might come out 

939
00:49:59,680 --> 00:50:02,160
at? 
I, I did not register. 

940
00:50:02,800 --> 00:50:04,480
I know I mentioned on the show 
the other day that I was 

941
00:50:04,480 --> 00:50:07,200
interested. 
I, I didn't ever come around to 

942
00:50:07,320 --> 00:50:11,680
participating. 
I have literally no guess as to 

943
00:50:11,680 --> 00:50:15,080
what this comes out at. 
Part of the show's you got to 

944
00:50:15,080 --> 00:50:16,600
make guesses. 
Are we including, are we 

945
00:50:16,600 --> 00:50:19,440
including Machi in this because 
the dude's sitting on like a 

946
00:50:19,440 --> 00:50:22,080
gajillion dollars across like 9 
chains? 

947
00:50:23,600 --> 00:50:27,280
That's a good question, It's 
actually being asked in the 

948
00:50:27,280 --> 00:50:29,040
reply. 
So when modesty registers, is 

949
00:50:29,040 --> 00:50:31,800
this kind of 5X? 
I'm guessing that he is not in 

950
00:50:31,800 --> 00:50:36,200
this number, but who knows. 
So what the like, what are the 

951
00:50:36,200 --> 00:50:40,440
top coins? 
Top meme coins on blast was I 

952
00:50:40,440 --> 00:50:43,640
guess top coins on blast was 
like a yes and those that we 

953
00:50:43,640 --> 00:50:46,960
were looking at the other day. 
Pack up to 60 million at peak. 

954
00:50:47,680 --> 00:50:52,800
I, I don't, I don't know, maybe 
there's like a ton of liquidity 

955
00:50:52,800 --> 00:50:56,720
at maybe like 8 to 10 million. 
It does seem fair 2X for pre 

956
00:50:56,720 --> 00:50:59,600
sellers yeah. 
Mando are you in on the machi 

957
00:50:59,600 --> 00:51:02,000
pre sale or are you marked much 
slave? 

958
00:51:03,640 --> 00:51:06,600
I mean, I don't think you could 
lose money on it, but I don't 

959
00:51:06,600 --> 00:51:09,360
know. 
Is it, is it what? 

960
00:51:09,400 --> 00:51:13,440
What's even the meme? 
It's it's actually him. 

961
00:51:14,120 --> 00:51:18,320
It's just the Machi coin. 
It's literally just like the 

962
00:51:18,560 --> 00:51:21,600
Machi coin. 
I just go to a casino, right? 

963
00:51:21,600 --> 00:51:25,320
Like it doesn't necessarily feel
like much more than then we're 

964
00:51:25,320 --> 00:51:27,960
hoping that it's a 2X maybe out 
the gate from the LP. 

965
00:51:29,040 --> 00:51:31,120
Is this going to go like 
15,000,000? 

966
00:51:31,840 --> 00:51:35,760
I don't know. 
Seems a million Max. 

967
00:51:36,240 --> 00:51:39,480
It's much less interesting to me
that I could it's been open to 

968
00:51:39,480 --> 00:51:42,800
the public for so long. 
Like I don't know who didn't get

969
00:51:42,800 --> 00:51:46,000
in this pre sale that wanted to.
I tried registering, I could. 

970
00:51:46,000 --> 00:51:47,080
I couldn't get it. 
I couldn't get it to. 

971
00:51:47,080 --> 00:51:48,400
Work. 
What was the process? 

972
00:51:48,400 --> 00:51:50,840
What like how is that how 
they're quantifying these the 

973
00:51:50,840 --> 00:51:52,280
net worth? 
They just see the associated 

974
00:51:52,280 --> 00:51:54,400
wallets and then tabulate their 
on chain. 

975
00:51:54,880 --> 00:51:57,560
And you do to connect the wallet
and I'm sure they just added up 

976
00:51:57,760 --> 00:52:01,080
what was in that originally it 
was a, it was a series of blast 

977
00:52:01,200 --> 00:52:03,360
projects and communities who are
eligible and then they opened it

978
00:52:03,360 --> 00:52:06,600
up to the public. 
I based like all the group 

979
00:52:06,600 --> 00:52:07,800
chats. 
I mean, most folks were able to 

980
00:52:07,800 --> 00:52:10,480
get in and log it. 
I think there's a lot of folks 

981
00:52:10,880 --> 00:52:14,600
who are in this one, but seems 
safe fish. 

982
00:52:14,600 --> 00:52:16,360
But yeah, I'm not not sure on 
the upside. 

983
00:52:16,680 --> 00:52:18,360
Feel like I'm going to go 
through this entire cycle 

984
00:52:18,360 --> 00:52:21,680
without a single presale to my 
name and I'm proud of that. 

985
00:52:22,240 --> 00:52:24,160
You should be proud of that. 
I wish I could say the same. 

986
00:52:26,920 --> 00:52:28,880
I caught a wombat. 
I talked about something. 

987
00:52:28,920 --> 00:52:32,360
I caught the wombat presale. 
Even. 

988
00:52:32,400 --> 00:52:37,680
After even after one. 
Of my more embarrassing moments 

989
00:52:37,920 --> 00:52:39,000
of 2024.