Yo-yo, yo, what up? What up?
Good morning, good morning. GMG Monday, baby.
Fuck back. April 14th, 2025.
But I forgot another beautiful day to have a beautiful day.
I got my coast in the house. Oh God, I missed you guys though
I was physically with Mando yesterday hanging out in the
street of Portugal. But I still miss you guys on the
show. Tyler Mando, good morning.
How you guys doing today? Yeah, we missed you man.
You Tyler, have like a chilled out show when you're not here.
I know I was watching it's. Nice.
This is the energy, but it but it's it's kind of it's chilled.
We speak a lot about, we speak a lot about Tyler's obscure bags,
basically. Yeah, So I enjoy it quite.
Quite I I I I've been watching all the clips they're nice shout
out to intern they're good. You know, the show is always
informative, right? Like whenever I can, if I'm on
the road and I'm not there, I try to tune in on audio or
something. It's always good.
You know, we, we run a good show.
We, we do run a good show. We do run a good show.
It's, it's always really good. Tyler, how you doing?
I'm doing well. Yeah, we missed you last week
and I got some FOMO watching your your videos as you guys
just strolling through the, the, the sunny Portuguese coast
yesterday. Oh yeah, that looked that looked
quite nice. But it it was a nice weekend.
I mean that was. Yeah, go ahead.
No, go ahead, go ahead. I'm sorry.
It was a lag. Oh, folks may not know this, but
tomorrow is my birthday. I've got a tax day birthday so
we we did a little early celebrating this past weekend so
it was nice. Perfect stimulated the local.
They come as well. 90K for Tyler's birthday.
That's that. That's what we want. 90K for
Tyler's birthday. You know, I was probably some
sun, but you know, it's raining. I don't know.
Mando. Can't I?
I feel like Mando may have scammed me and it's going to be.
Raining a little bit this this week.
I saw that today. It's going to get it's going to
be mixed. It's going to.
Be mixed meadows gammy. This is a this is a Canary labs
special here, you know, but but but I got to see Mendo's office
Tyler. I got to see his little little
Dan. It's it's nice.
It's cute. He he definitely has a a
beautiful place. Did you know Manda like a liter,
a 1.5 liter bottle of Agua de Nacente?
So that good shit it's $0.25 here That's amazing how much you
pay for water in America, Tyler. This shit is cheap.
It's. Probably like $5.
Yeah, that's exactly it. That's exactly what you pay.
I was telling Vanessa last night I bought 2 bottles.
She was like, it's $0.57. I'm like babe $0.50 you're going
to tip the cash here. This is not right.
Yeah, anyway, this is an early, early life in in Portugal.
Yeah. Oh yeah, We had a you guys watch
the Masters. What an end.
Well, I think we should start with that.
I think we should start with that, Rory.
Almost. Rory did it.
But. Then never seen a man cry so
much actually. I was crying, dude, it was.
Straight like but yeah cool to see him win.
I love Master's weekend it. Wasn't it?
Yeah, Tyler, you followed. You followed the Meister's
quest. You followed it quite closely,
huh? Yes, had a little action on
DraftKings. Didn't didn't have any success
with it. I did think Roy would win, but I
didn't have many of the other any other horses in the race as
well. But I didn't realize he was the
just the second in the last 50 years to get the Grand Slam.
So I got that is a really huge deal.
Yeah. Oh, wow.
OK, yeah. So I was clearly a monkey off
his back. I think a lot of people were
rooting for him too. So it was a fun ending.
Yeah. Yeah, that was a that was a,
that was a tight end and that was a close end at the end.
I when he missed that three footer, holy shit, man, I, I was
sick to my stomach. I was like, I was like, no way,
bro, there's no way he's going to do that.
But he did it and, and, and, and I was good.
I, I feel like I would have cried as much as well if that
was me. It's like 14 years trying to win
this fucking Augusta National, you know.
So that was, that was beautiful weekend.
I think it was a myriad. If you cooked a Myriad, let me
know. Yeah, Farooq.
We'll be doing the Rory celebration when Pups gets back
to All Time High. We're on the move, guys.
You said see Pups. Pups's move.
Guys, watch this. Amanda, wait.
Hold. On Let's have a seat.
Hang on. That FARC, well, FARC wins at
$900 million. But what's pups at?
Let's let me check real quick before we get to our show.
24,000,000 it's up 56% in the week, really about that.
This shows you how. Well, fuck out.
Let's go pups go UPS. Anyways, sit down the show
today. Today someone got rinse 150K
points on myriad. Oh well, skill issue.
Sorry, no. Today on the show, we're going
to go market report. God, I missed this market
report. Let's see what's up.
We're looking good. We're looking green, baby, even
though Trump almost rubbed us yesterday with the Truth Social
post. I'm sure we'll talk about that.
But we're looking good today. We're looking good this morning.
We got we got Tyler's top 100. I mean, there's a lot going on
in the space right now. So I'm sure Tyler has a lot to
to discuss. And as usual, I'm assuming you
know, I know it wasn't there for the last two weeks.
I'm assuming we still have the same sponsors, right, because I
didn't get the memo. If not, but I'm assuming do the
same. This show is powered by Galaxy.
Galaxy is the web three platform empowering creators and brands
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But also I heard that we picked up a new casino partner.
I I I mean, I'm gone for two weeks and Mandel launches a
casino. You know, that's, that's crazy,
you know? You've been cooking.
Yeah, I mean, I, I know I'm on. Yeah, I'm on the little angels
thing. Yeah, of course you guys are
cooked there, $20 million of volume.
Fuck. 2021, 1/2 now. It's fucking wild.
Yeah, look, I, I this is obviously myself, KBN, Ben Lamb,
a bunch of other people. I look, I'm a big fan of Robert.
We were we were them for a long time, but but now that and they
were great show partners, I think.
But we're going to try it out with the we're going to try and
give you a similar sort of experience for viewers.
Bunch of prizes we're going to do daily.
I think I missed the end of the show today, so I think we're
going to do double prizes for tomorrow.
But yeah, daily prizes. We're going to play some of the
games. We're going to be adding a bunch
more like crypto based games and be able to play at different
times. Sims, who's our producer, has
been streaming a bunch of them so he knows them in and out.
I know for you've been busy, but but we'll get you good at those
games too. And these games have like a one
2% house edge. So we should be hopefully be
able to give out pretty much the exact prize each day over a long
period, which is pretty good. I mean, you know, I'm seeing a
message. Make eat available in Spain.
Let me tell you about 3 simple letters VP just take a flight.
Just take a flight. I didn't say that I didn't say
that but but basically we're going to do giveaways every day
so that so that you know the amount of money you guys can
make on the show equals to what you guys could have won right
before this. So we're going to play games
every single day starting tomorrow.
Make sure you use four more hours affiliate code though.
You, I know Wizard of Soho is out there sitting in his
affiliate code like a madman, but you can't be using his code.
He's. Made 1010 grand in four days,
holy shit. That's insane.
If you want to win on the show, you have to sign up to Yeet
using the FOMO Hour affiliate code only and have a public user
profile. All right, and then we'll pick a
winner every single day. So tomorrow too, but this time
instead of doing Tuesday to Friday, it's going to be 5 days
a week and we're going to play some fun games.
And I think if you hit fart coin on corner race, you're going to
be able to 40 XA $1000. So hey, you never know, you're
going to be able to win anywhere from 500 bucks.
So I don't know, let's call it 50 grand.
So it's kind of similar to before every single day, five
days a week on former Arab. Anyways, with that, why don't we
get cracking to the market, Mando?
Well, I don't have the things. Maybe
yeah, GM everyone so a better weekend.
I would say we are up. It doesn't it was a little bit
volatile yesterday, but but Bitcoin is still 84 1/2.
You've seen Solana, but that she had a decent bounce off the off
the lows is now at like 132 and Bitcoin sorry and a range of
other like more risky things are still like hanging out towards
the top. So like Falk coins at 900
million decent bouncing a bunch of other like L ones slash alt
coins. So just yeah, definitely some
more risk activity coming back here, which is I think a good
sign for for the general market. I in terms of the stuff that I'm
looking at, I think bond yields continue to be kind of like my
number one thing that I'm looking at here and they're down
a little bit today. So that's been taken, that's
been taken a little bit positively.
There was some, it's a little bit confusing, I would say the
commentary coming out of the Trump administration when it
comes to these sort of tariffs. So they obviously there was some
commentary over the weekend that they were going to be reduced
for a bunch of semiconductors, electronics, and that was
basically seen as positive for big tech.
And then that was kind of reversed by Lutnick saying, oh,
actually we're going to do special tariffs for those.
And then Trump actually kind of tried to reverse everything and
said, hey, yeah, we're going to we're no one got off lightly.
We're like, we're still going to do it.
It's different. Like now, and this is speaking,
I, I, I like to say like purely objectively, I think people, I
don't know if they're taking him as seriously as a negotiator
after kind of what happened because I think there's not like
this. Did he get, did he have to black
out because of the bond market? He backed out anyway.
So like, is he really in control of the decision here?
So like, I don't know if the threats are as threatening.
That's my general sense of this. Like whatever he says at this
stage kind of feels a little less like, oh, OK, it's just
going to work out. Because it also feels as though,
as Ovie put it, there's other decision makers in the room, it
feels like. And one of those decision makers
is the bond market. So it doesn't feel like it just
has carte blanche to do whatever the hell he wants when it comes
to these sort of tariffs. And I think that's that's
important to know because, you know, as we go down this route,
it feels as though there's more chances he'll bail out.
I think the market will act less drastically to some of his
comments. It's probably slightly better
for us overall in crypto because we generally sell off on these
like crazy, crazy headlines. So yeah, slightly better market
for crypto. Obviously we've seen money
printing go up over the last few weeks.
There was this general like bid and I do think bitcoins got a
good chance here to like take that narrative.
Gold is down a little bit today, but but it's still up very close
to all time highs here. So feels like those two have
have a pretty strong narrative going for them at the moment.
I think the biggest story away from that was probably this this
mantra thing. Well, yeah, I think a lot of
people, I mean, this was a coin which we had spoken about a
couple times in the show as being one of the best performers
of 2025 and none of us has heard of it.
A RWA chain out of Dubai, you know, Say more.
You really had to. You really had to specify,
right? We've seen, we've seen a few of
those and seemingly dropped like 90% and a lot of people pointing
fingers at finance, at the team, at that.
This was just like a rug from the start.
But I think weirdly, like the market sold off when that
happened yesterday. It was around the same time of
Trump's comments. But I think it was also just
like, oh God. Like I think a lot of people are
in coins where they see very little going on and they still
can have high valuations. I think that's like half of
crypto. Do you know what I mean?
Like some of these chains aren't used and still have billions of
dollars valuation. So these protocols are not used.
They have billions of dollars valuation.
And it's just like unwritten rule that like, oh, they're just
going to stay there. And this I think, was a little
bit scary for people because I think they probably think, oh,
could this happen again? Could this happen to my
vaporware? Yes it can and it will actually
OK. So, so I think I don't know if
it. Will.
Alter a little bit scale on the back of that I did look for some
of the other big RWA coins like Ondo.
Didn't really like Ondo's kind of unchanged like that as a
narrative is an interesting one because there's a few coins in
it which like don't really do that much right now and have
very high valuations and they're they're kind of pivoting being
chains or they're trying to capture it, but it's not quite
there yet. So I, I don't know, maybe
there's more rugs to come from the RWA space.
It's definitely a space. It's almost similar to the AI
space where there's like there's a promise of stuff in the
future. And I mean, there's no way I
coin it $6 billion valuation, but but that's the sort of stuff
where I like I'd worry about, oh, is this just going to rug in
one day, you know? Wait, can you just explain
something to me because this is the founder, right?
And then the team, I think the original team like Mantra
account posted it a quick tweet yesterday, which wasn't great
after like a coin is down 92 1/2%, which by the way, I don't
even know why this was worth $6 billion in the 1st place, but I
guess that goes for most of crypto.
Can you explain to me how they're saying that there is a
like a an important stakeholder that got liquidated on exchange
for a big size? But could you explain to me how
this takes a token down 92.55%? Well, it doesn't.
That's the point. Right like that, OK, I think
that's. Because that's the hole in the
story here. Like obviously a coin is just
buyers and sellers and like if there's no real volume, right,
you know, there's market may probably hear like making fake
volume and then and then maybe somebody's dumped and there's
realized there's no actual bid for it.
There was some commentary from Zack XPT that some big mantra
holders have been hacked recently.
But again, that can always be a lap too like that people may
have lost access to their wallets.
When something falls 9090%. That's that's a pretty heavy
sell off it what it really shows because you could say, oh, maybe
just the LP even on even on Binance was low and like it just
the LP. If there is no other buyer of
that coin, I think it says a lot, you know, like that would
never happen to even if like this happened to another coin,
even like a meme coin, right? Like there's buyers on the dip.
If there's no buyer for 90%, it probably tells you that there
was no real buyers anyway. And I think that's, it's been a,
it's been a strict, Yeah, you like that one?
Amanda, what do you, you're, you've now you reply to people
like that. He's a meme one.
That one did some numbers. Yeah, I think it was.
It was an interesting one. Like it really just.
Yeah, it just, I think it just exposed that maybe this could
happen with a bunch of tokens. So let's see I.
Think what was also interesting about this one is I remember
there were a few people kind of like victory lapping and
pointing out like, oh, none of the Kols in the timeline told
you about Mantra and it's one of the number one performing.
Also the entire year you need to fix your timeline.
It's like no one. Plastic, OH.
It was, and it turns out it was just.
Who knows what the fuck it is. Fake artificial pump so I don't.
Know I think the dev is French. Is he?
Red flag #1. I'm just thinking you guys
French. Flag somewhere.
Oh God. Yeah, yeah, that's another,
that's another, that's another Dubai special a #9 that we call
them. Wow.
Anyways, all right. So I have no idea what happened
there. I just thought they were on the
Kaito thing like Tyler, is that right?
Like there was a Kaito Yapper leaderboard for them or
something like that or? I actually don't know if they
were on could. I know I don't remember them on
Kaido. I'm trying to look.
So they would be Oh yeah, they are on here.
Yeah, All right. But I mean, Kaido's got 25 post
TGT community leaderboards, so like that that.
Does I'm. Just saying like you've got a
bunch of folks trying to farm Kaido who don't actually know
anything about these protocols and they're spreading messages
about it like that can't amplify the potential issue, right?
No, I'm just saying, like I I was trying to see a a pattern,
right. It's like you come with some
bullshit narrative. You pay to play on the platform
where people will like talk about your product, you know,
because people are just probably paid to yap, right, because
they're trying to fire me out point.
So it's nothing to do with Kaido, by the way.
And then and then, you know, you kind of like do all this stuff
and then bang, like all of a sudden that's the kind of the
new play, right? Like back then in 2021 NFTS, it
was like X Apple and X Amazon started the NFT project and then
they raised like $25 million. Then the project becomes nothing
because turns out the guy worked the Genius Bar at Apple, you
know what I mean? So we got to be careful here,
man. These are these.
I'm not saying they're scammers because I don't know.
It seems like the founder wrote a very large post about it and
then ended up on a few podcasts right away.
I kind of like that, usually about the if you if you're
trying to fix the problem, but it looks like that was.
Looks like it was quite a big deal.
So do you guys think a token like this recovers?
This there's nothing there. There's so much of crypto is
like that, like these, these scams are wild like like they
they, I mean they do this thing in like trad for a little bit.
Like you'll find these like random companies where like they
have huge valuations and then someone just realizes there's
nothing there. But there's there's going to be
some of this in crypto too. Be sure.
I think the the. Broad this is still overvalued.
Mean what does it mean for the broader like RWA sector here?
Like are the other coins, are they going to go up or are they
going to go down as like the, the broader sector has some
trust loss. So we'll see.
So let's have a. You have to.
Evaluate each of the individual. Ondo is a coin which is probably
leads to that sector now. Now the mantra is at 0 Ondo, I
don't think it's making any revenue right now or at least
it's making de minimis revenue. The hope for Ondo is that I
think it's trying to pivot, pivot to being a chain that
partners with Tradfy in the US Like Ondo's got some links to
Tradfy in the US. And the idea is that they'll be
able to like on board different like BlackRock and all these
sort of guys. And there's going to be revenue
from the shared funds and then they may make some small fund
revenue, but like the actual revenue to buy that token is not
high under still. It's a diluted, like a diluted
valuation of like 9 billion, right?
There's just a lot of points like this.
You know, there's a promise of the future and probably like
random X partnership, like we've got a partnership with these
guys on this and like you never really know in crypto.
And I think it's it's most prominent in lower cap coins.
But during this cycle, a number of sectors like RW as and, and
AI to a certain extent and, and made like gaming would be the
other one, right? Like for most of those are now
have gone down a lot. Like there's a lot of that, just
like there's not a lot going on here for that valuation.
And it's really just about supply control rather than
actually about actual value, so. Yeah, I mean, look on the flip
side, you could be a holding ETH for according to Woben Boba, one
of our listeners, he's saying even down 90%, even down 90% and
outperformed Ethereum year to date, so.
Actually, I'm a glad cool. Type of, that's what, that's
what. I'm saying here that hurts.
It's not hard to do. Or on the one year or on the one
year I listen, I have a glass half full type of guy, you know.
But but yeah, no, I don't think this would something that would
affect the whole RWA narrative, Tyler.
I think people would just like flopped like a more.
I mean, I guess people do start looking.
I mean, it definitely is not the cycle of altcoins.
Let's just put it that way, right guys?
It's like between the scams and the hacks and the altcoins just
getting slammed non-stop versus Bitcoin and everything is and
everything just flocks back to fart coin.
Speaking of which, Tyler, why don't we go to Tyler's top 100?
Because, you know, I think of fart coin.
Just think of Tyler. I don't know.
I don't know why I just because of the doctor's story, like last
year, I guess you were kind of the first person to bring a fart
coin to me early on. Anyways, let's let's go to
Tyler's top 100 NFT and crypto analysis.
Tyler D. On FOMO, our cause, the.
Kid can. Great to batch the bears, all
right, folks. Crypto majors nicely green here,
up about two to 6% across the board.
Bitcoin AT85K amidst ongoing tariff volatility and roller
coaster headlines with walking tariffs back and then saying,
hey, that was fake news, So it's an ongoing roller coaster.
The sole ETH ratio closed at its highest level in history
yesterday, the highest ever weekly close.
So E continues to outperform not only Bitcoin but Solana as well.
We talked about mantra OM that token fell 90%, lost over $5
billion in market cap. US recession odds on Poly market
fell from over 60% to below 50% over the weekend, though after
one of the latest Trump tariff reversal.
So perhaps recession odds less likely.
Ethereum developers have finalized their May 7th Petra
upgrade are now planning on the next one called Fusaka.
Breaking news this morning we saw strategy by another is this
right 3459 Bitcoin an average of 82,618.
That was a massive buy from strategy and then metaplanet,
the Japanese MicroStrategy, they bought another 26,000,000.
So the companies continue to pile in the headlines going
viral here got the story from decrypt crypto punk whale
Wilcox. He pled guilty, faces up to six
years in federal prison after filing false tax returns and
concealing $13 million in income from his punk sales in 2021 and
2022. So not great.
Tomorrow is tax day in the United States in AI and memes.
Promptoken reached $0.55 at peak over the weekend, hanging out
around $0.45 right now, around $100 million market cap.
Meme coin leaders were pretty green over the weekend.
I think there's some broader strength in the sector.
This RFC was one of the top movers that crossed $100 million
one of the the the few times we've seen the new meme cross
that that thresholds that was a big one far coins leaving all
movers on the day across crypto right now and then one to watch
those trump token unlock start this Friday folks yes, it has
been three months April 18th, $330 million set to start
unlocking a couple other stories here Odin dot fund has paused
its Bitcoin meme trading and withdrawals after their Co
founder was hacked. So that's not great.
The latest O Pepin set Zoo Pepin one of the the more fun stories
the NFTS we've seen in a while. They opened up at a 2 1/2 ETH
floor 2030 sales in that one to two ETH range current high sale
3 1/2 ETH. We saw Bitcoin NFT leaders and
runes were pretty green over the weekend.
Those temperate Wizards almost back to 0.2 Bitcoin.
So that's that's 10 ETH roughly. So that would put it right neck
and neck with pudgy Penguins. So that's a pretty big floor.
And then this abstract Bitcoin Ponzi game it.
It fell off a Cliff on Friday, but refreshed the.
No, it's. Grinding back up, it's back to
$7.00, so maybe this thing has another another set of legs in
it. So.
We're not doing another week of Bitcoin.
We. Don't go.
Your micro bags for enough here and it went down 90% it.
Was of course like the fall that everyone expected.
I think the open question was would it have any kind of a
rebound? And it looks like maybe it does,
but. Yeah.
No. I think we're really.
Fond of that one. I think we're they've just they
just announced a new system to it.
Tyler, if you if you open up the Twitter, you're able to have a
look. They've now got macro strategy
bonds, Michael Baylor and all sorts of other bits and bats
going on with it. So there's they're doing
something big. Yeah, they're doing something
big. Big, big, big things coming with
the with the Bitcoin B, you know.
Yes, indeed, it's been. Three months.
So it's been 3 months since Trump?
Yeah, and that means it's been 3 months since Melania.
Correct. So Melania will turn three
months old on Sunday, Saturday, Sunday.
It was right after it was. It was it one day after, Tom?
No, it was 2 days. It was two days after.
No, no, no. It was Friday night.
Sunday, Yeah. Yeah, the best two days in
crypto history before the before the worst.
So yeah, that that's going to be a big story to watch, right?
And it certainly. Happens here guys.
What are your calls? What do you think happens, like
usually a token before an unlock like this pumps and then you
can, oh, that's the wrong one, sorry.
And usually kind of sell into it.
What what do you think? You think they're do you think
they're just going to recklessly dump $400 million into?
I don't think so, right? Surely you don't just do that.
If it doesn't dump, I could see some folks think, take that as a
sign of strength, perhaps like this was the big hurdle coming
up. I don't hold any Trump coin, but
man, I mean, it's also like this thing has got no momentum.
No one talking about it. It's like, why it's still so
expensive? Like, why would you buy it?
I think they need some kind of a big curveball announcement.
I got to go lads, all the best. See, see Mando pops go UPS.
So I mean, what do you I I I don't even have a read on this.
Zero read on it. I've been thinking about it, but
because I was like, maybe do I take a trade?
Do I know I'm like, I'd rather hold soul over that or just fart
coin, which we'll talk about in a second, I'm sure.
But this is. I don't know if you're buying it
here on the hopes that they're going to pull out a trick.
Like, I mean, what, what is your upside like 20%, like 50% or you
think it's going to go past 12? And I mean, there's, there's
other plays on the meme board that, that, that look easier for
a 50% gain right now, right, Versus still the downside risk.
I mean, this is still at 8 1/2 billion FTV.
That's the thing. Like I.
With 300 million in cell pressure unlocking on Friday.
And that's The thing is on every pump, you don't you, you can't
even hold the pumps because you're like, well, what if
because it's unlocked? Because it'll be monthly too.
So not only do you have to survive the first, you have to
survive like the first week, right?
To see how it's going to shake out right after it goes, it
opens up. But then you also have to
survive it every month. It's a yeah, It's a trick.
It's hard to paint the bull case.
Yeah. OK, I guess we'll see what
happens That front. Speaking of meme coins, Tyler,
our favorite far coin. I mean guys, ever since I've
been gone, this thing has just been ripping.
This is just like insane. I bought some literally I was at
the airport 2 weeks ago from today, two weeks ago today.
I was on the Monday night. I was at the airport and I had
some Solana in a hot wallet and I was like, yo, what if I just
like it? It's not an insane amount.
I think I said on the show, but I was like, I'll just buy Farkle
with it with the whole amount and let's see if it pays for
everything. And I have to say, man, this
thing has paid for my whole trip and then some.
I mean, it's, it's starting to pay for my future Lisbon rent at
this stage. You'd love to see it.
It's just been ripping, yeah. It was the perfect what?
What? What happens now, Tyler?
We Yeah, we had the perfect read on this by the.
Way it was, I mean, I, I, I didn't think it would go back up
this fast, but I'm being totally honest.
So like this has been incredible to see.
We're also we're up now 3X in two to three weeks here.
I I think we're probably going to kind of shop in this range
like maybe it maybe we overshoot a dollar on a big pump or a
short squeeze. I think it's going to take a
little bit of time to consolidate at this next level
unless we just see like a major breakout.
I think what's interesting to watch here is it it did this
with Bitcoin at 85 K souls at 1:30.
You've got folks like an handsome call for soul to go to
180 now. So if soul.
Positive. Not.
We're not. We're not going to $50 anymore.
He's bullish. Oh yeah, bullish now.
OK, got it. Got it.
There's more bulls on the timeline now, so the question is
if small runs 40%, what does fuck run run and probably more.
What I love about this is that it's the stupidest coin right
thing like the fart coin and it's the most tratfy adopted
meme coin at this stage almost ever.
I I can't say it's more adopted in like Dogecoin and Tri fight
because the Dogecoin was the meme whatever.
So I'm not trying to compare it either.
But like and during the roughest time last week, right, like this
time last Monday was like black Monday, right?
And that thing was ripping through all the Trump tariff
China shenanigans. And now I feel like the
narrative just got stronger. Tyler.
It's like I I'm here like wow, like at what point do I just put
all my salon into this thing? I'm late, clearly, but am I?
No, 60% off all time, yeah. This is crazy.
I mean, I, I can't believe I didn't do.
I did it last time around when it was around 600 million.
I did not do it this time around because I was convinced that
we'd go lower. I, I caved.
I was fully, fully allocated, but to majors instead of to my
favorite corn, to our favorite corn.
So look at that. Anyways, Tyler, what else you
got for us? I seen Naveen and Stu.
We'll go to Naveen too in a couple of minutes.
Talk about all things Tari. You know, I love that stuff.
Naveen loves Far Coin, I'm sure. Can't wait to ask him about Far
Coin. But but Tyler, what else you got
for us today? Yeah, I think the O Pepin sets a
fun story, right? We, I don't think we've seen an
O Pepin set in a while take over the timeline.
So I think a lot of folks rooting for this one.
I think I've seen a lot of folks who maybe not haven't been
buying NFTS as much kind of jumping in to buy this one.
So it's called Zoo Pepin make a handful of artists collaborating
on this one over over several months.
It it went live was massively oversubscribed by 2800%
subscribe. That Unicorn is the one of one
up in the top left corner that crab 7 over on the top row.
That one sold for 3 1/2 eighth. I think that's the top that
we've seen so far in the collection.
Holds a 2 1/2 feet floor. So anyone who minted and got
that got a nice, nice little return over the O Pepin floor.
So it was a fun one, Fun story. We had a couple nice punk sales
over the weekend. Cowboy sold like in USDC.
They're so cheap like that. Cowboy sold for 100,000 which
the floor was over 100,000 like a couple months ago.
Yeah. And then that other one sold for
62 1/2 right next to it. So clearly people are continuing
to buy some of the more aesthetic box hasn't been a
whole lot of war action recently.
I think we're probably waiting. I think we need to see a little
bit more risk on like a Bitcoin clears 90K and maybe folks start
to feel a little bit bold up about going down downstream, a
little bit more in the box. I think that's kind of my read.
So we're hanging out at 42 1/2. It's been pretty much a stable,
stable floor here. I don't know if when you were
out last week that that alien sold for $6 million, but.
It was a oh, it's that. Yes, he's got his fourth alien.
Dude, OB back at it by aliens. So in terms of like ETH, it's
it's a lot of ETH by the way. It's just that ETH is down in
the gutter and it's $6 million. If someone has listened, there's
still someone out there with the appetite is spending $6 million
on a JPG on Ethereum. On top of that, you know, listen
the it's it's got to be bullish for punks.
The thing is you're all you. I feel like it's like the it's
it's so and plus positive EV to buy a metal punks something
aesthetic than a floor punk at this stage.
I have a friend for example, is shopping for a punk and he put a
bid up. He doesn't want to touch the
floor first this begin. I don't really like any 4 punks
like you tell me, pick anything in the first 2-3 rows.
I'm not a big fan, right? It really takes around like
here, not bad. So you're really looking at
nothing crazy under like 47 ish ETH and then above this and and
clearly the market is saying the same thing as I am here.
Like you have really nice punks here, here, here.
So you really got to dish out a little more And these middle
punks are selling man. So that's always a good signal
to me when I, when I see something like that.
It's been the story of the cycle.
It's like Bitcoin and then for NFC, even punks.
That's really it, right? And then, of course, a bunch of
pudgy stuff along the lines like between the air drop and
abstract. But love to see O Pepin come
back strongly here. Jack Butcher's a good friend.
He's a good guy. He's always he's he's been
around the entire time. So that goes to tell you that
there's going to be appetite for these old pepins, man, when the
market turns around and hopefully when NFTS start doing
better and the art space in general, people are still going
to want some. I saw you talk about Grant you
and last week and stuff like that.
So don't want to reiterate, but you love to see that.
And then the other thing on punks.
Though that Wilcox story is crazy.
Yeah. So when this headline first
started coming out, we didn't know if he would be facing jail
time. So I think that was the open
question. So he did plead guilty as the
details have come out, he effectively checked a box that
said he didn't have any digital asset transactions.
So it's not like he, it's not like he reported 1,000,000 in
income when it was actually 13 million.
He reported 0. So those are the type of
egregious crimes effectively that I think will get you in
more trouble versus if you miscalculated, but you at least
put some type of a good faith effort into doing some type of
reporting. So I think they'll probably make
an example out of that. I don't know if he's going to
get the full 6 years. I would imagine he's probably
less than that, but I think he'll probably facing some some
actual jail time for this one. So just another reminder folks
with tax day. And if you're you live in the
US, it's nice to go to sleep at night, right?
And I mean he tax. Day tomorrow he.
Kept an extra 3,000,000. It's like that's what the
article says. Like really like 10 million
versus 13 isn't really that different.
Like just take your 10 million, give the government their three,
and then. And he still owns 100 punks, so
it's not like he's poor. There's also like from a trading
perspective, yeah, from a trading perspective, there's a
question of, OK, like does he have to, will he have to
liquidate the punks to, you know, sell for fines, you know,
raise capital for fines, that type of thing.
Punks OTC kind of alluded to the fact that maybe he had already
done that. It's like, I think he went on a
cell spree like back in 2023, he did in 2024.
So I don't know that we're going to see a whole lot like Wilcox
cell pressure necessarily, but we'll we'll see.
Never rooting for anyone to you. Know no no matter who it it I
mean it depends who sorry like someone like Duquan and SDF were
definitely rooting for them to be in the same cell as Diddy but
somewhat yeah but those ones man this sucks dude.
This is why, hey, tax day tomorrow, if you're one of those
people that check that you don't have any crypto punks sales to
your name or any crypto sales, maybe go back and and check that
box. OK, yeah, you're going to sleep
better at night. And if you don't want to, then
maybe go live somewhere else. But you, you know what I mean?
Like there's there's that's so crazy, man, that's crazy.
That's that's really, really what And also his his his buy
car average is nothing. So that three million really
means nothing to to him. Like it's like it's because he
he, he he claimed most of them, right, If not all of them.
I think he was one of the biggest Proclaimers ever, right?
He's like 200 punks. So yeah, we covered this last
week, like no, three, 2 1/2 weeks ago when the news came out
with the IRS. And, and I'm afraid that they
may make him an example because that is a prime example for the
other NFT traders that made a lot of money last run.
And and sadly also be careful because a lot of these people, I
mean, they clear myself, you know, lost a lot of money after
that, but you still got to kind of pay your taxes then, right?
So you got to got to pay attention.
Anyways, Tyler, if there's nothing else that was super
impressing. We can probably talk about
tomorrow. Perfect.
Let's go to Naveen. Naveen extra bullish.
Oh, yeah, I got this so bullish. And we got Naveen extra bullish.
I love that. Naveen, what's up, man?
How you doing? Good morning.
Thanks for having me guys.
How you doing? Naveen, thanks for coming.
We're good, man. We're really good.
Another day in paradise, you know.
Yeah, hell yeah, man. It's, well, it's a Green Day,
right? So you know, better to have a
Green Day than a red day. Oh, oh, yeah, it definitely oh,
wow, it is wow. It's we're definitely green.
I'm I just looked at prices again.
I don't have my double monitors this time, so I can't look.
I have a whole price monitor next to me, but we're definitely
green green. I love that Tyler.
I feel like you got to change your name to like Tyler Ultra.
Bullish. You.
Know I wear the green hat every day.
I'm feeling ultra bullish and I wear it most days.
The green bulls hat is is is is my signal usually.
I mean Naveen, how you feeling this about the market every time
and you're always bullish. You're no GI mean.
You've been in crypto for forever.
I mean, how? How have you been the last few
weeks? I mean, look, it's obviously
very hard, I know, for everyone with the macro, you know, it, it
just feels like whiplash everyday, you know, some new
announcement, pronouncement from the king, you know, like, you
know, the king, you know, says this and then he says that and
everyone's like, Oh my God, what is he going to say next?
And I think that makes it really hard for for everybody because,
you know, we're, we're all trying to find our way and we
all have different stories that, you know, we, we believe in.
And so, but you know, look, I think obviously just like you
guys, I believe very strongly that this is the future of
money. This is the future of finance.
Like we're all in the right place.
And it's just a question of like which technologies end up being
the thing that is super successful over the next, you
know, three 5-10 years. And yeah, you know, I, I have my
long term conviction bag, you know, that I'm not much of A
trader. I don't, I don't like, I don't
pay attention to charge really. I don't like watch price all
that often because I've got my like long term bets and I just
kind of like let him ride up and down up like the roller coaster
kind of vibe. So I'm I'm happy with where I'm
at personally. No, I love that.
I mean, Naveen is one of my very, very close friends and
also genius. Honestly, I often turned to
Naveen when I when I when I, when I need some advice over
everything that we're doing. So Naveen, why don't you like
give yourself a little bit of an intro for for our audience that
may not know you as well as I do?
And then and then let's talk about Tari because you guys are
one of the chain slash narrative that people are actually looking
forward to on the timeline. A lot of people, a lot of
actually very smart people talk about it.
Mando has told us a few times on the show already that they've
invested in your company as well.
So he literally put his money in where his where his mouth is
with you guys. So once you go to the
introduction of yourself and then what's happening with Tari
in general? Yeah, totally, man.
Yeah. So I, I'm Naveen.
I, I love building things. You know, I, I started off my
career actually in the music business, started working with
bands in building their websites and fan clubs and online stores,
had a lot of success in that first business.
And then I, you know, built my second business in the logistics
space, founded a project and, and put it through Y Combinator
in 2014. You know, I love betting on
start-ups. So I'm an Angel investor in
many, many, many, many different things in the crypto space.
You know, like I was a seed investor in layer 0 and got to
participate in, in one way through, you know, in the Solana
Series A and, you know, a bunch of other things.
Obviously I'm a backer of you guys, as you know, and, and very
passionate about what you guys are doing with, with myriad and,
and decrypt and all the other amazing things that you have
going on. So, yeah.
And then, you know, I got into this space in 2016 as a Monero
miner. And for me it, it just made a
lot more sense than getting involved with Ethereum and some
of these other, you know, other things that everyone loves these
days. And then I got to meet the
former lead maintainer of Monero.
His name is Fluffy Pony. His, well, his real name is
Ricardo. He goes by Fluffy Pony on the
timeline, which is a whole separate conversation and he's
like, he's a total OG, such a great dude.
We're totally cut from the same cloth.
And we started working on the Atari project in around 2017.
So it's, it's been a very long road for this project.
It's taken us a really long time to get to like where we are at.
But you know, obviously we're really excited about it.
We think that there's a new opportunity here and we'll bring
sort of a fresh perspective to the table.
Yeah, this is great. So I love that.
So fluffy pony. Yeah, I I remember talking to
him back in the yacht days. But you know, it's actually
pretty crazy that your partner is one of the Co founder Co core
contributors of of Monero, right.
We've talked of Monero a lot, especially in the downtrend.
I think we were talking about Monero in the sense that it was
probably one of the safest havens, right, the safest.
That's that's to own 2025 so far, which which is really
impressive. So why don't we get into into
main net for for Tari? Sorry, because I know you guys
have main net coming up in April it's coming up very soon.
People have been mining Tari for a minute.
I've been seeing it all over my timeline.
So what's Tari? Because you know, Naveen, you
and I talk about this a lot. There's a lot of chains out
there, but. A lot of chains.
There's a lot of surveillance chains out.
There, yeah, a lot of surveillance going on.
Tell us how you really feel about blockchains, I mean, and
why and why? Why Tari?
Yeah. So I I think that you know that
there's a couple key elements to Tari.
So the first thing I'll share, I just shared my screen if you
want to put it up. So basically.
Yeah, let me do it. Right now, our general view is
that what really matters in this space, what really matters for
any given token is the number of people that care about it.
And so when as we were thinking about how to design Tari and how
to how to create the best possible opportunity for a new
protocol in a world where there's, as you and I have
talked about, like literally a kajillion protocols, like how
many protocols are there? There's It's, it's, it's
unbelievable when you really kind of look at the data like
10s of thousands or something or some crazy number.
So, so how do you optimize for, like, having the best possible
outcome when you're building a new protocol?
And what we thought about is the best thing we could be really
doing is figuring out how to create as much emotional
connection as possible with people.
Yeah. Because at the end of the day,
when people choose to buy something, it's an emotional
decision. I mean, you can look at all the
charts you want, but the decision to buy something always
is essentially an emotional decision.
You're, you're, you're kind of justifying it to yourself at the
end of the day that I should pay a price for, for whatever token
XY and Z or product or whatever it is.
And so when we, when we thought about it, we thought, gosh, you
know, proof of work as a technology is where we started,
right? Like that's the technology,
that's the security model for Bitcoin.
It's the original security model for Ethereum.
It's a security model for Monero and for many other tokens and
protocols that people are very familiar with.
And we realized that proof of work is sort of a lost art.
It's a technology that we've kind of like pushed aside in
favor of proof of stake, but there's some very interesting
trade-offs that people just don't think about.
So I don't know about you guys, but whenever I get an AirDrop
these days, first of all, nine times out of 10, I'm instant
seller. Like I don't care what it is, I
don't care what where it's going.
I'm like because I get punished, I get punished so often when?
I don't tell Jesse Pollack about that.
Sorry, what? I said don't tell Jesse Pollack
about that. Oh, yeah, yeah.
No, I mean, it's like, but it's crazy, right?
And, and I think, you know, we all feel the same way about it.
And and I I realized that, gosh, there's this huge problem where
you received the token. You didn't really do anything
for it. You know, maybe you click some
buttons, you formed a test net. You know, you tweeted about it a
few times. Like in the Kaido era, like
everyone tweets about something a few times and expects to get
rich, you know, like, but you know, what I learned in the
music business is that if you get something for free, you
don't really value it. There's no, there's no value
connection if you get something for free.
Like I used to get shit all the time for free and I don't value
it at all. And what I realized is like,
man, we're kind of really fucking it up with this proof of
stake stuff. And the reason why is because
you're not getting people to make an emotional connection.
You're not asking them to really commit to do to doing anything
in in exchange for the token where with proof of work, you
have to do the freaking work. You have to mine the coin.
You have to there's there's an electricity cost, there's a, you
know, compute cost. There's a time and effort cost.
You've got to do something right.
And so the first decision tree for Atari was like, man, maybe
we need to really optimize for emotional connection here and,
and, and build a product that people can use to mine Tari that
hopefully creates that bridge in terms of like connecting with
people, like in their hearts versus just connecting with
people in their minds. And so, So what we decided to do
is build the world's easiest to use crypto miner, right?
So this is called Tari Universe is what you see on your screen.
And it's really kind of a remarkable product because it's
three steps. You download it, you install it
and you run it and it runs on basically any modern Mac or PC.
So you don't need like custom hardware.
You don't need to be an expert at mining.
You don't need to be like some guru cryptographic cryptographer
Rockstar. You could just be like, you
could be my mom, you know, you could be my mom and you could
like download this thing on your Mac and you can mine tarring and
it when you when you run it, it's dope because it does
basically everything complexity behind the scenes.
It creates your wallet, connects the network, syncs state, you
know, you helps you join a pool and and you can start mining
within, you know, very little time.
And what we do is we represent the blockchain as this 3
dimensional tower and mining is sort of a race.
It's a game. So you're competing with all the
other miners to build the next floor of the tower.
And that's, that's Part 1 of the Tari story.
Part 2 is the one you know about, which is it's default
private. And, and you know, to me, I
always, you know, I get on spaces sometimes and I have
these really hilarious conversations where people are
like, well, Naveen, you know, isn't the purpose of block
chains to be transparent? And I'm like, bro, you know, the
original Bitcoin white paper has a whole section on privacy.
I mean, what are you talking about?
This is like an implementation decision.
It's not like some like core thing that like, oh, all block
chains must be default surveillance or they're not
block chains. It's like, bro, this is this is
a choice. And, and when you really zoom
out and think about it and you go, OK, what's the purpose of
these protocols? The purpose of these protocols
is to become a new layer of the Internet that, you know, powers
basically programmable money, you know, and all kinds of
different, all different kinds of programmable money.
And when you really think about that, you go, gosh, you know,
well, when I send a wire transfer, who knows about it?
Hey, hey, Froak, how much is in your bank account right now?
You know, do you, do you want to like create a world where
someone can just Google the bank account?
Number and. Like be seeking your balance,
your transaction history, you know, and you start to think
about that and you think about, gosh, this is actually a safety
issue. You know, like when I'm walking
down the street in whatever, New York, Paris, San Francisco,
whatever, I don't want everyone to know what I got going on.
That's crazy. That's a safety issue, right?
And then you start to think about business and you're like,
Oh my gosh, wait, you know, you see it all the time.
Like you see these tweets about Ethereum and Solana.
Oh my God, it's the chain of business.
And look at all these partnerships and shit and you're
like all these companies they supposedly are partnering with.
Do any of these companies want every employee to know how much
other employees are getting paid or how much customer A pays for
product or service versus customer B or C?
Or could you imagine if like any corporation has a stack ranked
list of all of their customers by revenue or volume?
You know, anyone could create like a dune dashboard and just
like vampire attack their best customers.
Like Can you imagine if the world actually worked that way?
Like, no business would be successful because the cost to
acquire customer for most businesses is pretty high and
you need to like build loyalty and have control over your
customer base in order to maximize your lifetime value.
You don't want to have Delta Airlines in a scenario where
American and United are poaching all their top Flyers.
Delta wouldn't survive, right? And so you start to think about
that and you go, gosh, you know, well, what are the surveillance
chains built for? They're not built for business
and they're not built to keep users safe.
So who the fuck are they for? And, and by the way, I'll tell
you this. I mean, you guys are traders.
You are, you know, not that's really not fair.
You're much more than traders, but you like to trade.
That's one thing you'll. But we we love to trade.
We love to. Trade you love to trade and and
think about this way. Do you really like everyone just
like following your wallets broke.
I mean, you're do. You guys, you were with me in
2021, Naveen. You, you you were by my side.
Yeah, I mean. This year specifically, I like
it really hit home with me. I don't know if you saw the
story about the Chicago man. I don't know if his details were
were leaked in the Ledger leak or how have you found out
they've connected skids like that that that was that was a
few blocks like less than a mile from me.
Oh dude, that's crazy. I'm not, I mean what by any
means, but that's like that's very scary.
It's like I keep more and more people see that in the need for
pregnancy. You were a. 100% I think we've
seen it more this year, Tyler, because there's been so many
more crimes and they've been more public because usually
they're very private. You don't talk about these
crimes now that crypto's cool, the media picks up on it.
But you're right, Naveen, you don't always want people to just
look into your thing. Or even there was a moment in
time really on rock radio where I had to pay my employees in on
in crypto because I didn't have any off ramps.
No banks wanted to. We were bank list for a long
time. And I, I don't feel comfortable
that just the average person can go and see how much one of my
team members paid. I think it's not fair to them
either. It's just unfair to them.
Forget me. It's unfair to them that people
look into their stuff. It's just not how things should
work. Well, I mean, I mean, we could
get into a whole like ideological conversation about
how, you know, if you, if you take away people's privacy,
you're really taking away their freedom.
Because you know, there's this concept of a panopticon where
you know, if you feel like you're being watched, like I
want you to imagine like you're on like, I don't know, the
subway or somewhere or something.
And you know, someone is watching you.
And you, you kind of like, I don't know about you, But
sometimes when I feel like people are watching me, I don't
know what to do with my hands. You know, like I'm like, well,
do I put my hands down or I would cross my arms or like,
what do I do? And then, you know, inevitably
we all have these devices now with us.
So like, I'll pull out my phone because like I'm uncomfortable
that someone's like fucking watching me and I don't know why
they're watching me. And So what people don't realize
about default surveillance systems is they actually change
your behavior. If you know that you're being
watched, you may not do all the things that you normally would
do. You're not able to be your full
self. And if you're not able to be
your like full or true self, are you really free?
That's really the question. So that's like a big like
ideological thing. But anyway, last thing about
Tari is the other, the other thing about this industry we
think is like completely fucked up is, is like the lack of
support for builders from 100% of the surveillance chains.
Like the surveillance chains are basically universally dog shit
for builders. And I know that's a big
statement. So let me kind of like justify
it for a second. OK, So you think about someone
who builds an app for like your, your like your iPhone or
something, right? Why do people want to go through
the pain of doing that? You know, you have to pay Apple
a fee to have a developer count. You pay up to 30% of gross
revenue when you ship your your app on, on iPhone.
You got to go through some crazy ass approval process.
You know, there's like a bunch of interns, you know, looking at
every fucking app, you know, making sure the guidelines are
being followed. You know, the Apple guidelines,
they're super draconian. Why do people do it?
There's one reason. And the reason is because Apple
gives you distribution. Apple gives you users, they give
you customers, right? When you ship an app on Solano
or Ethereum, how the fuck do you get distribution?
There's no App Store, there's no discovery.
Like you have to be chronically online on the timeline or in
some group chat to even learn a new app ship.
Like a new app could have shipped while we're on this, you
know, having this chat right now and no one would know about it.
I mean, you might know about Afro 'cause you're like one of
the most plugged in people in the fucking world, but I won't
know about it. How am I gonna know about it
right And and that's the crazy part about this industry is that
it makes it almost impossible for new products to grow.
And that's why I want you guys to really think about this.
There's probably less than 50 super successful apps across all
chains in the industry. I I'd be surprised if you can
name more than 20, like right now, you know right?
Like magic, Eden, Uniswap, maybe Jupiter, you know?
Well, they're all Dexes, they're all exchanges, right?
Like all the ones we're going to name.
And then the ones we're not going to name are probably
irrelevant because they were relevant 2 years ago, but
they're. Out of right, Yeah, you.
Know so it's just like the market it's like most of them
are not even on chain right. They they accept crypto like all
the casinos, etcetera. They're not really on chain
apps. It's like Myriad's the only
technically on chain prediction market.
Hollymark is the killer and Cal, she's well cooking right now.
I love them, but for now. You know, for now.
For now, but. But here's that's for now, but
you're right, here's the thing. How many, how many multibillion
dollar companies have been created on the iPhone?
I mean, think like Uber, Instacart, Airbnb, you know, on
and on and on and on. How many?
I mean the games, how many games?
So many. A lot.
Yeah. A lot.
OK, well, why? Because they provide builders
with the one thing they need more than anything in the world,
which is distribution. So what we realized, we said,
OK, for Tari, we're going to build this crazy easy to mining
app, easy to use mining app. We're going to work our butts
off to get as many people to start mining Tari as possible
and make it fun and interesting, exciting for as many people.
And then in the future, what we're going to do is we're going
to change. We're going to change the
interface for Tari universe to look some point, something like
this in the future. OK, so the idea is we're going
to turn it into a fucking App Store, right?
So you, you, you download the software for free from the
Internet. It's open source.
You start mining Tari on your Mac or PC.
It's so easy to use that your like grandmother can do it and
she's earning coins and your own earning coins.
Everyone's earning coins. And you'll be able to go
directly from the coins you've earned to using them on apps
that are natively built on Tari. And then for builders, we say,
hey, look. You don't have to negotiate for
a tweet from the Swiss Dubai, Abu Dhabi Foundation, Cayman,
the Cayman Foundation for from some, you know, bullshit
surveillance chain. We're going to put you in the
fucking App Store. We're going to put you right
here in every user's hands that are mining Tari.
And as the number of Tari miners grows, the value of the
distribution grows and it becomes a better and better and
better developer platform. So those are the three insights.
So let me ask you so I love the App Store approach.
This is you, we you and I have talked about this, but that's
the reason why we went to abstract and not the other L2 is
etcetera is because, you know, I like the idea that Luca similar
vision than yours and I love the difference between.
So Tari is an L1, right? I want to clarify that for for
people, OK, that's focused based on privacy, similar to Monero.
The other thing is so two question is one how do someone
how does someone mine because Tyler wants to mine I.
Want to start mining? What do I need to know?
Is my electricity bill going to jump to 1000 a month?
Like what so there? You go, so how does someone
mine? And then, yeah, how long have
people been mining for? But first, like, let's get into
like how how does someone You've got a lot of people excited,
including Tyler. Obviously, I'm always sad about
what you're doing. So how does someone start
mining? So all you have to do is visit
is visit tari.com and download what we call Atari Universe,
which is the name of this app That's it.
So you download it, you install it and you run it and, and after
it syncs and goes through a process, you'll be up in mining.
Right now it takes a little bit of time, maybe 1520 minutes to
sync up with the network, but we're launching a new version
this week where it we've dropped the sync time down to like 2
minutes or less. So basically it's going to be
fast. You download it, you install it,
you run it and then that's it. And then you know, people have
been mining on the test net now for you know, since like October
ish of last year, at least using Tara universe.
We had earlier test Nets than that, but using Tara Universe
and, and we have this thing called the AirDrop game where
you you mine, you know, these gems.
So you can see I have 146,000 gems and basically you get gems
as you earn block rewards through mining.
The more gems you have, the larger your AirDrop will be.
Obviously I don't qualify for the AirDrop.
So this is all, you know, my gems are going to go away.
They don't, they don't count, but but I got to test it.
So there you go. And so yeah, that's basically
it. I mean, it's that simple.
And then, yeah, we're launching the main net, you know, later
this month. And it's, it's just intended to
be a completely like everyone is zigging.
You know, they're like, oh, we're going to do the launch on
the big centralized exchange and it's going to be a high FTV, low
float. And you know, if you look at
the, the data, I mean, you guys have the data over the last
year, all the listings on, you know, the big exchanges are
basically like this. You know, they're, it's like you
were, you were kind of an idiot for buying at the top.
Tari is a completely different vibe because it's organic,
right? So it's at day one, there's very
few tokens in the market because you got to mine them, right?
So basically, I have a bunch of people out there who are mining
these TARI tokens, and Tari builds up organically and
everyone kind of rises together. And I think that's a far better
outcome for everyone in the community than like, Oh yeah, we
were backed by some giant VC and listed on a centralized
exchange. And now The thing is worth $7
billion overnight. And you're like, how the fuck is
that? Show me, Show me how it towards
$7 billion. It's like to me.
So I'll show you one last thing. When we think about Tari,
there's really only one thing that matters in our world, OK?
And that is this. If you go to our block explorer
OK, at the very top of the page we show the number of active.
Minds. 5502 active miners on this test net right now.
But these are not just users, dude.
The average Tari miner spending almost 5 hours a day mining.
These are not users. These are operators, OK?
These are people who have deep conviction and passion for this
thing because they're putting their compute and their
electricity and their time into it, right?
It's a completely different equation than some bullshit
active wallet count TVO. You know, like, look how many
people tweeted about my shit. It's like, fuck that.
These are miners, man. These are people who are mining
this shit, right? So that is a completely
different level of conviction than what you have with the
other protocols. And as this number just grows
over the course of time, then that shows how the usefulness of
the protocol continues to grow. And it and that's really, it's
really that simple. So can people still hop on?
I know we're we're over time a bit here and we're going to have
to wrap up. But just quick question because
it came from from our intern here on the side chat.
So can people still hop on now prior to So you FTG, you're
going to mainland today, tomorrow.
No, no, no, later this month, later this month.
So there's, there's. OK, sorry, you're still early.
I promise you're still early. So you can.
Start right now in mine. 100% if you started today, you're still
early, it's still in test net. And the other reason to do it
besides gems and maximizing a potential AirDrop is you can run
the experiments on your system so that you're ready for
mainnet. Because otherwise you wait till
mainnet, you've not tried it, and then you go, Oh my God, you
know, is my system working properly, whatever.
You you need a crazy computer set up like gamer crazy.
I, I am. I am literally doing this call
with you right now while on mine.
I know I could tell. You on my laptop?
Yeah right. So so I'm mining on my.
Laptop. Tyler's setting it up right now.
This Yeah, Tyler is probably already sorted.
I, I I can. See, he's just.
I I literally can I, I can already tell this guy's
ontari.com and he's yeah. So that's what was happening.
Like stop, I noticed that because it says top left, like
stop mining. He's just collecting these gems.
So, so this is great. I mean, hey, there's some alpha
for y'all, you know, on here. You know, there you go.
He won a block. But you know, stop
miningtarry.com. It's going to be a fun one.
It's going to be a lot of fun apps on there and we're going to
be cooking with with with with Tari on the decrypt rug radio
myriad side. So I'm very excited to to work
with Naveen a little more here. It's going to be a lot of fun.
All right.
Well, Naveen, any last things you want to share here?
No, dude. So grateful for the opportunity
to come and hang with you guys. Thank you for having me.
I'm a huge fan of, of, of both of you and everything you guys
got going on and the whole rug radio and myriad crew and LOX
and the whole team. And yeah, we're just really
excited. Just do something a little bit
different. You know, we're, we're kind of
tired of the same faster TPS. You got to go faster, Faroque.
If you don't go faster, then it can't scale for a billion
people. And I'm like, bro, where's the
billion people? Are they gonna, are they all
gonna KYC? Are you gonna, are you gonna
scan their retinas? All their retinas?
Scan the retinas. Show me the retinas, Faroque.
I want a KYC. You're going to, you're going to
fucking ask me for my fucking driver's license every time I
fucking pull out my Dick, you know?
Come on man, let's do something a little fucking different for
once. I love it.
The beat.
I'm stopping the show here because that was too good.
Thank you guys for having me. We're we're we're stopping you
here in Naveen. Naveen.
Thank you so much for for coming here, man, that was fun love you
dude have the best week ever see you man Oh man, that was good.
I did. I love Naveen.
I'll see some of my best conversations, some of my you
know a lot of my inspirations, even our trying to shape craft
everything that we're doing on the myriad side.
Whenever I, I got a roadblock, I just called this guy and he's
always got some good advice. Anyways, look, we're yeah, he
is. And he's OG.
Like he's the type of guy like he comes on the show.
He, he doesn't just talk to talk, right?
Like he, he's been doing it. He's been doing it for a minute.
So you guys should definitely check out tyree.com start
mining. Looks like Tyler's got a new
miner here. We got, we got someone in the in
the comments saying he's been mining for three to four months
already. So absolutely love that.
So go to tyree.com start mining. One last thing.
If you go on on on my Twitter and on Rodrigo's Twitter, we
officially announced a Dubai event.
You know, sadly, I have to go to Dubai.
I go there once a year. So that's about as much as I can
handle. And so we're dropping a banger,
though I, I go in there and make a splash and I leave.
So we got our event in partnership with Infinex and a
whole bunch of other people and that's live.
So if you want to apply to come apply because last year there
was 600 people at the event. Tyler, they shut down the doors
and there was 600 people more downstairs trying to come up,
but we can't fit more than 600 people.
OK? So don't, don't do this to me
again. Calling my phone saying you're
Farooq's friend. Sign up.
No one's Farooq's friend. When, when, when I got in the
bed going on unless you sign up. Tyler, I'll see you tomorrow and
everybody is well. See you tomorrow morning, 10 AM
Eastern Standard Time for the episode.
For my episode from our auto log radio.
Let's go.