Yo-yo, yo, what up? What up this morning?
Good morning, GFG Wednesday, April 6 News 2025.
Look at that. That's a beautiful day to have a
beautiful day. I got my clothes to the house.
Tyler, the boomer Mando. Good morning lads.
I get through today. I'm doing great.
How are you? I am also doing great, just
great. Not fantastic because I'm not in
Portugal for like 36 hours, but I'll be fantastic again on
Friday. You know, fantastic is a term
only to be used if you're in Portugal.
You know, that's, that's what I've come down to.
You know, I left for like today to the airport, Mendo and I felt
sad. I felt like I was leaving home
even. I'm going back.
Kind of cold Paris. Yeah, I mean, actually, you know
what? It's warm.
It's just great. But you know, that's just how it
is here. Tyler, Big 40.
Tyler, how was your birthday yesterday?
How you doing? Yeah, birthday was great, went
out to dinner with the fam, all your family time, got a lot of
messages from the FOMO hour community from CT.
So I just want to thank everyone.
That was fantastic to see. I appreciate all the love.
And I got to let you know all this Portugal talk, I'm getting
served Portugal ads now on Instagram.
Oh wow, telling me the golden visa, telling me the tax
benefits if I. Yeah, yeah, the golden visa.
My ad campaign is working then. Hey, listen, Mando for sure is
getting paid in the back. We're convinced.
The boys are convinced that Mando's getting a kickback from
Visit Portugal. But you know, half €1,000,000 is
all it takes, baby. You get an EU passport and then
you get to live a good life. Tyler, you know, it's, it ain't
much, but it's honest work, you know?
So. So there's that.
Yeah. Listen, what, what I thought was
funny yesterday, I was like, on your page, like, this guy wishes
the moon birds a happy birthday on his birthday.
I thought that was like the most comical thing ever.
So, yeah, we had to do what we did.
If it was funny, I got Tyler's like, yo, I thought maybe you'd
write Messiah. It's my birthday.
Whatever. But you know, happy birthday,
Kevin Rose and Moonbirds, my best favorite trading day ever.
Take us back three years ago, it was your birthday and Moonbirds
dropped. Did you just drop everything for
that? It was April 15th 2022.
I was deep in the NFT trading streets at that point in time.
So this was pre other side. So the bubble was still
expanding. I knew it was going to be big.
I I convinced my wife for my birthday to give me like two or
three hours in the morning that day to just be locked in.
I was actually in a voice chat with with some of the the boys.
One of the very few times did live trading via voice app
snipping these these mid tier moon birds at launch 5X the bag
in two weeks. But as I always did back then,
refused to sell because I thought they were going to go to
108th and 48th was not enough. So it didn't end up being the
the best trade overall, but it was still one of the more fun
trading days. Yeah, I've been, I remembered
the Moon Bird's launch. I was actually a Coachella.
We were talking about Coachella yesterday and it's the it's the
one week year. I was in LA for like a month
after NFTL. I just stayed out there because
at the time we had a bunch of stuff going on in LA like on the
rogue video side and, and actually guys, Galaxy and I,
we're like, yo, should we go to Coachella?
Fuck it, we can't get tickets. I don't know, last minute.
I think it was like Harry Styles manager gets me like 2 artist
bands because back then, you know, we were cool right in the
NFT world, like any artist would throw badges at us because you
know, they all like the NFTS. You know, that's back in the
days when I was like really the coolest shit.
And and then we went and then we missed the Moonbirds mint and
and then ended up buying Moonbirds at 30 each at the top
holding them. But then some point during the
bare I said that's enough and took my losses.
So that's my moon burst story. Mando, where were you when the
moon burst minted? I'm.
Trying to remember, I think I'd, I think I real interesting.
Just come to Portugal actually at that time.
Really. Yeah.
It was early Portugal days. Yeah.
I think I'd moved like a month before.
Then you were early to Portugal. You took the trade once again
before everyone. Yeah.
Smart move. That's a smart move.
That's actually a very smart move.
They'll have to say anyways. So that was the show today,
today market report up and down, up and down, up and down.
The usual tariff boring bullshit that we're going to go through
probably for next year. You know, we pumped this we
dumped this morning EU time by the way, and then we pumped a
little bit on the on the premise of G saying that if they respect
us, then we may talk to table. At this stage.
It's just getting a little confusing.
One thing's first is that far coin keeps on going and the
market downtrends is driving me insane and I just want a mega
dip, please. And then Tyler stop 100.
I'm sure he's got a bunch of things to cover with us.
And then giveaway yesterday was fun, Huh?
It was a little messy, but it was fun.
And if you check the pin tweet, maybe Sims or or or intern if
you can pin the tweet that we just put out last little bug
fixes, etcetera on the on the raffle.
But though it was you motherfuckers making mistakes,
but it's OK, it's OK. We fixed a few things so that so
that we can make it more seamless and easy for people to
enter the raffles to remember lead.com and you have to sign up
using our affiliate code FOMO hour and you'll have a chance to
win. Shout out to sunny days
yesterday. That was a fun clip that we
ended up posting. I love that she kept on going.
And then last but not least, this show is powered by wallet
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Follow up Connect on X and Telegram to stay ahead of what's
next. But also if you want to just
check out yesterday's interview with Pedro Gomez, director of
Wallet Connect. It was actually a very
interesting interview and I really liked having him as he's
a great partner of us anyways. Anyways, anyways, Mando, let's
see what you got for us today. GM everyone.
Yeah, so I said it was going to be a low volatility rally
yesterday. That did not happen.
We had a little bit of a dip overnight, not by a huge amount,
by about 2% on Bitcoin, but that did take out quite a lot of
alts. Again, Bitcoin dominance higher
just on a one way train at the moment.
Very, very difficult thing to get in front of 64% now just
above for, for dominance. The in terms of what actually
was said, it was kind of a bit of rhetoric from the EU
basically saying we're not close to a deal.
Then a bit of rhetoric from the US saying, hey, China, it's on
then to come to make a deal. And then China basically putting
out some less bearish talk overnight.
So we've had a little bit of a bounce there was there is going
to be a a, a, it looks like more stringent, more stringent export
controls on some of the chips that that NVIDIA makes, which is
pretty important. These are some of the like the
actually the lower level chips, but they have been repurposed
and used pretty well by some of the Chinese AI companies.
It looks like there's going to be restrictions on those two.
So NVIDIA stock was kind of in focus and that kind of took us a
little bit lower. But yeah, Bitcoin's just hanging
out at 84 K here feels a lot more solid than than the rest of
the altcoin space. It it still feels quiet though,
like this is this is the few days before Easter.
Most people start taking it off from around now.
So I don't know CT feels really quiet to me too.
I don't know if you guys feel that, but definitely.
Doesn't feel. Like it has as it has been like
more more previously. We had some comments yesterday
from Bo Heinz again that they may use tariff revenue to buy
Bitcoin. I think there's a low
probability of that still. But and I don't think Bo Heinz
is like necessarily the the shot caller for that sort of stuff.
So yeah, I I wouldn't take that like unbelievably seriously, but
he did he. He's not, he's not the shot
caller, but he's very, very like because we get to like we
usually get comments from Bo and and David Sacks.
So it's really him and David. So he doesn't call a shop, but
he's very like he's, he's tapped in, you know what I mean?
He's tapped in but I just don't know if tariff revenue will be
used to buy crypto. That's just why.
I'm just moving this. That's necessarily a call from
him. Well, why don't we just let this
headline run? Yeah, Yeah, we can.
There was. In terms of broader crypto, gold
hold up another 3%. In broader macro, sorry gold is
up another 3% hit above 3300 today.
That one is just on a one way train.
Bitcoin not didn't follow suit yesterday, which is not a good
sign but but it also is having very, very little correlation to
stocks right now. So we are just going sideways.
That's. All going to feel strong.
That's that's kind of it. That's the whole market.
It's killing me, man. I want more.
And like I wake up this morning, I see Reds and I was like, fuck
yeah, I'll just move some more Solana to far coin.
And The thing is up because this one wallet, but like, did you
see that? Like there was like had 10
million USDC in it and this morning it had seven and a half,
$1,000,000 worth of far coin in it.
Like there's like whales just buying like 7 and a half million
dollar clips. There's more liquidity on it
than Pepe now, I think, yeah. Concerning actually that a whale
just clipped in 10-9 bucks yesterday and we're still kind
of just chopping around this level.
There seems to be a strong bid at $0.80 right now.
Yeah, I don't know. It's a it's a strong coin
anyways. All right, Well, look, there's
not much going on on the on the on the macro side, I guess.
I guess it's all going to be terrorist storm stations for the
time being until, until Xi Jinping and, and you know, and
Donald Trump figured this shit out.
So we'll, we'll, we'll wait for that time to happen.
I just can't wait for the headline.
Can you just imagine like they come to an agreement, the other
agreement that headline on, on Macromindo was that Trump is
ready to slap them with 245% tariffs, right?
I think that was it. Yeah, that was some of that.
But that's just the rhetoric stuff that that that that I
think is going to be just slightly ignored during this
whole this whole process. Yeah.
Like. There's been not rhetoric that
would have taken us down a lot more last week and it's it's
not. So I think it's fine.
Yeah, yeah. That's one of my takeaways,
right? It's like couple weeks ago any
negative tariff headline, we're just dropping a few percent and
now like it's starting to feel like there it's not moving the
needle as much at least for for Bitcoin, some of the other
majors. So the the negative news isn't
impacting as much as it was. Yeah.
I think you can maybe sign find some hope in in there.
I have my female quant, my favorite LH.
She was saying that Powell is speaking today at 11:30 AMET on
inflation in markets. Is that right?
Yeah, he is speaking today. He is speaking today.
That's actually one of the only volatile bits of the week.
We had retail sales came out today, but they were kind of a
bit of a non event. They showed some strength in the
US economy. We had some China data overnight
which also showed some slightly stronger data.
So I, I don't, I don't know if Powell's really going to rock
the boat here. I think he'll probably, he'll
probably just say, look, we have to wait and see.
When people talk about like global easing or money supply
going up, I don't think many people are predicting it to come
from the US, at least not in the next couple of months.
OK, we'll we'll see where that takes us later today.
So it's 11:30 AM Eastern Standard Time for the for all
the macro experts, meaning every single listener of us, if you're
listening to show you're macro experts, 11:30 AM Eastern
Standard Time right between the end of the show and starter
wreck radio, you'll be able to catch Powell and they're
probably going to talk about his comments later later on that
show as well. Anyways, Tyler, let's see what
you got for us today for daily NFT and crypto analysis.
Tyler D on FOMO our calls the kid.
Can yeah, crypto majors are red this morning as the US China
trade war escalates here. Bitcoin down 2%.
Eighty 4K ET down 4%, sold down 5%.
Mantra was one of the big alt movers.
It did rebound 25% yesterday after their founder went on
Coffeezilla and talked about some OTC token sales and other
headlines. The Trump team is reportedly
planning a crypto Monopoly game coming this month, so we'll see
if that comes to fruition. Hackers stole $5,000,000 in ZK
tokens from ZK sync by exploiting and compromised admin
account this Jan over company that the macro strategy micro
strategy of Solana has acquired $21 million in Seoul already
already as they start to build out their Seoul reserve similar
scientific another company here they are doing a $500 million
securities offering to add to their Bitcoin holdings.
So more moves from big companies.
Tether is investing in a crypto payments app called Faizon,
their third major deal of the year as they continue to invest
Movement Labs. Some news here, they are
conducting a third party investigation into their market
maker tied to movements in that move token.
This is following Binance's removal of one of their partners
from misconduct, their Co founder.
Movement Labs Co founder Rushi Manshi is also taking a
temporary leave tied to this. So there's a little bit of smoke
coming from that situation. And then Oklahoma, their
strategic Bitcoin reserve bill failed to pass.
I believe that's the 7th state now, which has failed to pass
their Bitcoin bill. In token and protocol news,
Kaido announced the change to Kaido Connect where users can
now assign the apps and or state Kaido to projects instead of
votes to boost their mindshare. So a little bit of a pay to play
mechanism now happening over on Kaido.
I think some mixed reactions to that.
Wolf Games Solana relaunched the sparks and backlash, prompting
the CEO to resign the sole token liquidity to be pulled and now
talks about the potential CTO. The town's protocol announced
its town's token is coming in Q2.
That is a Discord like product as I understand it.
And then just then this morning, Radium, they launched their new
token launchpad. It's called Launch Lab with
custom token creation features. You can adjust token supply,
vesting cliffs, a creator fee share and more.
And we've already seen some tokens launched and hit a few
1,000,000 bucks over there, so we'll see if they can take a
dent out of pump pump. All right, so I think we start
there, right. I think that's kind of the
bigger like I guess culture news or something relevant to show.
So tell me more. But so remember we had this
market for for Myriad back then, right whether?
Or not it was going to come. I lost on this market.
Because that's because the founder at the time himself said
he was going to drop it before April 2nd.
And I guess they I guess the market did take a big shit at
the beginning of the month. So it does make sense.
And but tell me more because for me, you guys know on the show,
I'm always really like skeptical about pump fund competitors for
the reason like even deck Screener, I'm not going to say
they failed at it, but nobody really buys on moon shot.
But I don't call it failure. Like it's not really popular.
Let's say the theorem ones, any other chain ones?
Not don't mean to throw shade, but they just haven't picked up
as much as pump fun, not even 100th.
So you guys, let's have this conversation cause Mando, you
had a big radium back at some point.
You're writing about radium a lot, etcetera.
But Tyler, first, like, what do you think about this?
Like what do you think about launch lab?
What's different? Do you think it's going to
stick? Yeah, so let's talk about what
it is first. So Radium's new launchpad, it's
called Launch Lab tokens migrate once they hit 85 Sol directly to
Radium AM NS. They have some custom token
launch features including cliffs, burning token supply and
more, along with the 10% creator fees.
If you go onto their site, you can actually see it is a pretty
clean UI and as a a token launcher or a dev, you can
easily adjust again that tokens apply 1 billion to 10 billion.
You can adjust the bonding curve, you can adjust the pool
migration percentages and investing is another key
component, right? I think that's one of the
biggest community feedback items against pump Fun is that there
was no token locks. So that is now being adjusted
here in this new launch Lab that from a look and feel
perspective, it looks very similar to the the pump fun
interface. And I think the question is, are
are they going to be able to steal users, right?
Are are, are people actually going to use launch Lab or does
pump fun have a big enough mode or just, you know, built in user
base that they're not going to switch over?
I think my read is people are going to trade the hot tokens
wherever they're at right now and if Radium is able to create
some momentum here in the early days, I'll get some folks
trading over on there. Hey, look at.
You look at the screen, Mando, you look at the screen.
I don't think you're looking at. The screen.
Are we Epic 2? Are we are we?
Are we launching Epic 2 Launch Lab?
Are you? No, I think you've had your
fair. Fair.
Click on the launch lab, Go back, go back.
So I want you to see it. See.
It no I'm not clicking on the launch button dude.
No, no, don't launch it. Just click the launch lab.
So now you can if you then go to advanced options at the bottom
and edit those and now you can see how you can you can adjust.
Oh, I like the I OK guys. They actually so the OK, so for
once someone's trying to do a derivative, a pump front
competitor, but actually with, you know, a little like some
some good, you know, good products here.
It looks like I like that you can change the supply so I can
pick how much soul is raised. You can pick the bonding curve.
The best thing. Very interesting.
That's interesting, Tyler. OK, because before the show you
did say that Hey, like there's already took a couple tokens I
made to the million whatever. So you think the sustained power
because radium is not just some random competitor right?
Ran radium is legit. It's a tough one, right?
I mean, Moon Shot was the deck Screener version of this, right?
And they really didn't generate a lot of success.
So I think it is certainly an uphill battle.
I mean, I think if there is a team that could pull it off, I
mean, Radium would be one of their view with how they're
positioned with their own the Quiddity pools and AMS, right.
And I do think that they have some nice product features here
with with these customizations. And I think that is an upgrade
over Pump fun. I don't know if it's hard for
pump fun to just kind of mirror those features though.
Right. Right.
And just plug them in. I mean, they need to do that.
It's kind of egregious. They don't have the best thing
yet. I think that's been pretty much
universally the biggest criticism of the of pump fun
launches over the last six months.
Teams just want more control over their token and, and
rightfully so if you want real teams to use your token to
launch. Use your launchpad to launch
their token that they need more control over it.
I think that's pretty very fair. That's a big feature.
So if some real teams come out and start using this, then yes,
I think the early the early weeks are very important.
Like they need to have some success and they need to have it
soon or people are just going to forget about this.
I see this time token now up to 4 million.
Four million used to be like, yeah, OK, we get this once every
15 minutes during the peak mean bull.
I mean that's probably the top mover in the last 24 hours.
It's rare for us to get a we're seeing a couple tokens a week
get to 10 million now. So at 4 million, if that one
keeps going, that's going to spread some attention.
I think that's the only one that's crossed the $1,000,000
mark so far. You know, from a training
standpoint, I think people will will try to go after those first
tokens. I don't really buy that
narrative that the whole first tokens on pump fund didn't
really ever do anything. You had like the whole
archaeologist group who's going to go after those every, you
know, once a month, once 1/4 and they'll, they'll briefly.
Pump so they're. Still going to be good memes at
the end of the day, right? So you you can't artificially
pump the stuff for that long unless you're really just going
to. I think I also feel like the a
big part of the people buy tokens that end in pump because
it's, you know, the ticker that the, the the the address CA and
it's become kind of like a thing.
Remember, like back then, it's like, so it's become a thing to
buy a token that ends in pump because I'm not saying that's
the case, but you assume that it was a fair launch because pump
fun is meant to be a fair launch.
Obviously, like you've seen many people like insiders kind of
accumulate launch and separate the wallets, etcetera.
But I'm just saying it is assumed that that's kind of that
also the brand of it. So not only do you have to
upheld battle on the on the popularity and everything, but
also on the brand value and the brand equity.
That pump fund is built for itself.
So the ticker pump at the end, I think plays a huge play into
that. I don't personally care, but
sometimes I do like I check. I'm like, it was not Trump
pumped. Then I'm assuming it launched to
this bonding curve. But you know, it could be
bundled sniped all that bullshit.
I don't really you know, I don't know.
Is that the trenches? I don't know.
I mean, I effectively like bought a honeypot on Solana last
year because I didn't, I didn't get the right address and I had
the right contract address. So like the there is value in
that. And now if you are trading these
new launch lab tokens, you're not going to know right off the
bat is 30% locked in a vest. If you see it's trading at
$0.10, you don't necessarily know the market cap.
You're going to have to check the token supply.
So there is a little bit more Dell just that will go into this
because of the customization. OK.
Looks like fuck pump fun's about to hit a million.
So, yeah, I mean, you're going to have these daily runners
right now for that one. And Mendo, what do you think?
I mean, you've obviously you've studied radium a lot back in the
days and then of course, like that really hurt it, the whole
AMM and everything. And you know, now that they have
launched Lab, do you think this product can stick?
I, I like, I like radium. I like those guys.
I think it has surprised me throughout the whole cycle that
there hasn't really been a competitor to fun.
Fun, right? You would have assumed by a a
company that is literally just making hundreds of millions of
dollars. There would be someone else who
who actually had like a reasonable challenge.
I would say radium is probably one of the most obvious to to
try. Yeah, it looks like, you know, I
mean Sevier's friend, but it looks like a lot of people are
sorry threading on it saying that that could be one of them.
So customized bonding curves, instant liquidity, broad
distribution. That's going to be interesting.
I mean, you guys are right. I mean, radium for the longest
time was kind of the house, right?
It was the the main, the main liquidity.
It was the only liquidity provide pool provider for, for
pump fun for the longest time. So if and I guess I agree with
you both, like if anything, radium is the one that can try
sounds like consensus on on here.
So so we'll see what happens. Let us see what you guys think.
I'm really curious for for the listeners, that's when the
comments under the spaces or in general just tag us formal hour.
That's what you think. I'm curious to see what people
think about that. What's up, Tyler?
Part of the conversation is it's like, where are we at in the
meme cycle? And I think both of you traded
memes a bit during the last when they were hot, right?
My gut read is you're not really trading much these these days,
right? So it's still.
A pretty cool meme, part of the meme cycle, and granted, you're
both pretty busy right now. Yeah, but I always make time for
I always bought a little meme here and there.
No, I have no, the last time I tried to buy a meme, it went
down 50%. I was pleased.
And then I always say I cooked that far coin trade not long
ago. I bought like three.
Well, I got to watch 400 mil 3 something 400, but I'm just
trading the existing memes like I'll I'd rather trade far coin
volatility up and down then trade some random meme.
But obviously being on the move doesn't help.
And no, mando just don't sheet. But for you, like out of us
three, I mean you're the one that's more tapped into the
trenches. Are you buying it like I I you
bought house recently, you bought a few, but I don't see
you even really in and out of memes a lot.
I buy one to two a week. I feel like, I feel like
there's, there's one or two like obvious spots per week right
now. Yeah, but it's as low because
you were doing that per day. Yeah.
I mean, I mean there was at the peak I was probably 5 to 10 per
day. Maybe I was pointing a little
too loose. But I think that is like this is
not the time to be locking in and staring at your screen for
12 hours a day trying to find daily runners.
I mean maybe Cupsy is doing that and a few others, right.
But like for for the more casual participant like this is not the
not the market for that. All my friends that were trying
to catch Daily Runners and Tale Frank D guards, they are all
back to their jobs. They're they're all back to like
taxi needs. Oh yeah, yeah, brother George is
probably listening to the show. He knows.
But what he did is it's smart. He actually instead of chasing
fucking memes, he bought the dip on Bitcoin with however money he
could every dip like from 74K and up, he just kept buying
Bitcoin and said that's all he did nothing else, not even store
ETH, literally just Bitcoin. And I think that's the best
thing he could have done. And I think that's the like I
have a normally friend that texted me when Solana went to
1500 and Bitcoin was 74 K last week saying should I be selling?
Like brother, you should be buying because he actually has
quite a quite a bit of money himself.
And I think a lot of normies this time actually caught it
because we talked about this yesterday, Tyler, right?
Bitcoins getting more adopted and accepted.
And I think people are more inclined to buying Bitcoin than
buying just meme coins. Speaking of meme coins, Trump, I
don't know if you guys saw that. I saw the dev pulled out some
liquidity or something on their day.
Was was that right or am I Hold on, I.
Didn't see that. What?
About Unlock. They did the unlock.
There you go. So look, I'm going to share the
screen. I, I, I would like for someone
to verify, but here it was. This Trump dev pulls 4.6 million
USDC from liquidity pool, then bridges to Ethereum and buys
$4.6 million worth of ETH. I guess that's the only bullish
narrative there's Gottfried right now.
When did that? When did that come out?
This happened 11 hours ago. Wow.
Yeah, it was this morning, 9:48 AM my time.
It's now 4:00 PM So it was like 6:00 PM six A 3:00 AM Eastern
when that happened. Tyler, if, if the reporting is
right, but Oh yeah, it's look on chain, there you go.
Here on chain. You can't really.
It deposited it. Yeah.
So it it bought it, it bought ETH, then it deposited the ETH
to Coinbase. Yeah.
I mean the the tokens up 3% today.
So the market kind of has shaken it off too.
It's a weird move. I mean, it's going to make
people a little jittery ahead of the Friday unlocks.
So like that's the big story for this token is you have your
first unlock event happening on Friday, $300 million in
potential cell pressure it, it's the first big test.
We talked a little bit about it on Underexposed.
Like are they going to be able to pull out a way to to to pump
this unlock If they do? I think you might actually be
able to find some buyers. There's been no buyers of this
thing. For I think they're going to buy
ETH, clearly bullish ETH. Wild card.
The wild card might with my tinfoil hat on.
Tinfoil hat time, folks. We just got.
We just got this story that they're going to launch this
Monopoly crypto game, which is if if it's absurd on the
headlines. But of course, it honestly just
feels so in line with everything that Trump has launched over the
last couple years. He's done the NFTS, he's done
the memes. So launching a Monopoly style
game feels right, you know, right in their wheelhouse to
say. The least I love it.
I love that. I love, I love that.
Incorporate the trump token. Like what if you have to buy
properties using trump coin as as a potential sync?
I don't know. That would be great.
The odds are low, but it would be interesting timing right
right after the first unlock to announce something like that.
Eric Trump is speaking in Dubai, a token.
OK, I don't know if you guys saw that because usually it's either
like the Zach Chase or the other Zach, the conferences.
But Eric Trump's coming to Dubai for token 2049.
I'm curious. I'm going to make sure I go to
that talk. But it's probably going to be
packed. But that's why he's going.
So Trump's latest crypto venture will be a real estate video
game. Hell yeah.
Gaming, NFTS, Web 3 gaming. There you go.
Hey Mando, this is the foolish catalyst that Web 3 gaming need.
I know we needed the Trump's involved, didn't we?
That's a banger of a tweet. I'm not sure quote tweet Tyler
instead. Web 3 gaming is sold back.
There you go there. I'm sorry.
I was a banger. I had to tweet that out anyway,
so there's you can. Tweet Trump Monopoly NFTS.
Trauma NFCS, yeah. And the other thing I saw,
sorry, I want to go back to your topics, but there's just a lot
of that I picked up on Tiffany Funk.
Yes, I was with Jordan, man. That you didn't see that one,
did you? That.
Was that actually true? Was that a troll?
I know it looks like, you know, crypto has fully penetrated the
mainstream audience here. It looks like Elon Musk asked
Tiffany Funk to be one of his baby Mamas, and she respectfully
declined because she wants to have, you know, like most
people, like a proper nuclear family.
And and yeah, it looks like, you know, it looks like it didn't
work it out. And then the Polymark, the
reason I bring it up because Polymarket had the thing on it
and then Vitalik replied and Polymarket said that she was in
on it. Did you guys see that?
Oh, I know she was in on it. Polymarket is going a weird
direction with some of these lines.
So I kind of agree with like, do we need a line on Tiffany Fong
getting pregnant? It looks like she was 8 like
literally they say here, let me the reason why I'm you know,
because it's relevant to Ethan everything we're talking about.
So they had this on February 17th, right?
Rumors are swirling and Tiffany Fong is pregnant.
While she denied the rumors, there's an all speculation she
basically be dating Kanye West or Elon Musk.
Do you think a baby's coming and 11 hours ago Vitalik Goes for
what it's worth, I personally think this is tasteless and
violation of a personal privacy and dignity.
But then Paulie Market replies she was in on it.
I'll accept a 30X long ETH with the entire foundation budget as
an apology. Cheers and retardio.
So there's things she was in on the line.
So it's not that much of A privacy if they asked her,
right? Yeah.
I mean, if she's if she's on board with that, who are we to
what do we be talking about? The resolution source will be
statements from Tiffany Fong or her representatives.
So is that resolved then? Has she like she hasn't talked
about this today? It happened my my morning.
I mean, yeah, I don't think it's resolved yet.
It won't resolve till June 30th unless she is like a pregnant
and it doesn't seem like she is pregnant.
Yeah, I don't know. She's not.
You know the, the, the funny twist is that I saw again, this
could just be speculation. She's one of those creators that
Elon like cooks the books for her payments.
So she got like A21K. Not anymore, not anymore.
That's the that's the thing. What I'm trying to say is he
unfollowed her a few weeks months ago and then her her
things got slashed. Yeah, she lost some income
there. I don't know man, It's like.
Asking Ashley St. Clair for advice, this is just
very messy. Such a thing.
Apparently she asked Ashley Sinclair for advice and Elon was
really pissed off that she shared about it and then he
unfollowed her and then slashed her income.
So it was reported by Wall Street Journal which also
reported that CZ was snitching on Justin son.
So grain of salt here but man, never a dull day on CT.
So I just had to go there because it's relevant.
Also makes a good clip for for our intern, but I'm really
curious here, you know, I don't know, it looks like man, Vitalik
is really getting hammer on. Oh wow, this is a real picture.
Is this actually Vitalik? Is this actually?
No, that's not Vitalik. That's a real photo, but it's
not Vitalik just making. You know it's a real photo man,
though I've seen. That photo before except in my
wall. Oh.
My God. But anyways, all right, moving
on, Tyler, what else do you have for us?
Yeah. I mean, that was a few of the
bigger ones for for sure there kind of.
Bigger 1 Tiffany phone may be impregnated by Elon Musk.
We'll just deliver Monopoly and Launch Lab 2.
Monopoly and Launch Lab were two of the big stories.
It was a quiet day, guys. It was a quiet day and it's
probably going to be quiet. Yeah, quiet day, a quiet day.
One of us, one of our Kols, you know, reportedly, you know,
getting asked by the richest man on earth to be a baby Mama, You
know, by the way, start the Tiffany funk, whether I don't
know if it's rude or not, but she's, she's cooking, man.
She's fucking cooking. She's definitely cooking, Tyler.
I mean you. Have to consider, take, you have
to consider that proposal from Elon, I think.
I mean, yeah, bro, this is what he does.
Like he literally did that with Ashley Sinclair.
Like, and she shared screenshots of, you know, text with him.
Yeah. It's a longer conversation.
And he followed her and then you followed her.
I mean tinfoil hat right? Like you said, we should have
like a oh, on my Rd. caster. I have the sound for The
X-Files. I can't wait to be back to my
Rd. caster. ANYWAYS, quickly you.com, it's
it's pinned on FOMO hour. You have to joinyou.com using
FOMO hours code for sure. And you have on rafflebot dot
XYZ, you have to put your username, make sure you copy and
paste it right, blah blah, blah. Anyways, all the rules are
written, stated. We're going to post them every
day. OK, guys, five days a week we'll
post the rules. But the code today is you eat it
Y EE TIT you eat it is the code today.
We'll we'll get to that in in a in a little bit.
Tyler, sure you have more. You said something about Kaido.
Yeah, I think this, this is perhaps a conversation a little
overdue. I'll, I'll share the the news
and then maybe we can have a little bit of a discussion.
But the news here, they announced a change to Kaido
Connect where users instead of assigning votes to products that
they want to see move up those leaderboards, now they will
assign their Yaps and or staked Kaido tokens to projects instead
of those votes. Now what users will get in
return is a boost to their mindshare percentage.
So let's say Myriad is in the Kaido Connect program.
Previously I would just be assigning my votes to it.
I'll get those votes back after a week.
Or if Myriad won, now I have the option to effectively buy Kaido
tokens. I could buy unlimited.
I can assign all of those to Myriad and then I in return any
tweet I get, any tweet I give about Myriad, I will be boosted
on that mindshare board. So I can propel myself
effectively to the top of protocol mindshare boards.
Now, which if you are, if I know that you are doing a create a
reward program, perhaps I will get some funding back or rewards
back. So that's, that's why I would
potentially do that as a user. And we've seen some, some fairly
substantial ones, right. So like Wayfinder just did their
creator program. They targeted emerging appers.
So those with with like less than 100, yeah, apps are less
than a certain number of smart followers.
Some of those folks got 10,000 prompt tokens, you know, 2 to
$3000 just for for writing some tweets.
And there's been a lot of protocols who have done that.
I think that the push back so I, I understand why Kaido's doing
this. They're they're trying to find
new ways to operate, operationalize their business,
yet perhaps more buy pressure for their token, which has been
on the decline. But the flip side is are they
just ruining their mind share metrics with pay to play?
You know, previously it's been kind of these like, Yep, farms.
It's like the same handful of accounts are getting up the
leaderboard on a lot of these protocols.
And I think most people on CT men don't even know who they
are. So it's been messy, right?
I think there's been a fair amount of unintended
consequences. I'm curious if if you've seen
this as you know, as a protocol founder, I think myriad very
well could be a protocol in contention to go on a kind of
program like this. Like what's your take?
Do you do you feel like it would be, would you get the right
coverage? Are you concerned about it's
like? Fake.
I feel like I'm really torn because I like Kaido and unlike
you as a founder and actually I, I, I'm down to cook with them
and I, I, I just, I saw someone made a whole list the other day.
I forgot who. Like someone posted an entire
list of all the mindshare tokens that are, there's like 2 of them
that seem legitimate to me. Like it, it looks like a bunch
of mantras on there. So there's that.
And then there's like Sofon is legit on there, right?
For example, it's a homie of mine, great L2, etcetera.
There's that. And then there's the fake
yapping is like, why would I, we the foundation give tokens to
people who I know are just going to literally just dump it the
second they have it? And either way, like I feel like
this is for people who don't believe that they have a good
product or need that distribution.
Like for me, like we own rug radio into crypt media and we
have like, you know, we have this show and fuck, like we do
so much shit, right? And then I have a whole referral
program going out and we're going to be working on a bunch
of creators. So I guess I don't need it as
much. So I see why it's important for
smaller projects. But from our perspective, I
don't know. I rather keep the token
allocation for like, I don't know, like these, for example,
just things transparently, right?
Or like a bunch of like I see obese, for example, stuff like
that. Then just like people are going
to write posts about us that don't even use the product.
Does that make sense? It does.
And I like kind of, I think I've spoken possibly I've kind of on
the show quite a bit. At the same time, I think
there's I, I think they have good intentions with, with a, a
lot of what they've been doing. I think there's.
Been I think they are good intention builders.
Everything they do is with good intentions.
Like, but like when there's capital, we see this in crypto
all the time, like when there's real capital on the line, people
are going to game it, right? And now you've got these folks
who are treating it like a full time job.
They are just going to write ChatGPT generated tweets about
all these protocols because guess what?
They can spend an hour a day, maybe get 500 bucks a week, 1000
bucks a week like that's that's a great use of your time and
that's a great hourly rate. Right.
And so that's the incentives. And now it's kind of it, it
doesn't impact their broader mindshare board.
So like there's there's like the the CT mindshare and like it,
it's got like metallic at the top, like merch at the top.
But then at the protocol level it get, it gets messier.
And I think that their broader audience is conflating those two
and now just kind of calling into question like the merit of
the entire product. And like, can you even trust
their mindshare data now? Yeah, two games.
So I've seen you who addressed that to a degree.
I think it's going to continue to be an ongoing.
All these social incentives are always going to be game bro.
By the way, what happened to our quacks?
They're still coming and we're on the top 10.
What do you mean they're still coming?
You and me top 10 quacks, so we we want to root for those
quacks. OK, sure, but you know you and
is all like again, like social media.
I don't like I've been doing social media for 15 years.
Every single time there's like this incentive mechanism for
doing social media, it's always going to be one games and two
end up being low, low signal because there's going to be a
lot of people. So Kaido for the first few
people cooked you me on Sam, but who the fuck big air drops and
then small friend tech for the big dogs.
We all make a made a fuck a ton of money at first, then kind of
that off fantasy top. Same story.
Like all these social intense, sensitive reward mechanism apps
are always going to be the same thing and then they're going to
dilute it to 0. Right.
And I don't mean that Kaido's going to 0.
It's not, but I'm saying is unless they figure a different
way, then it's going to be really hard for them to maintain
this, right. So that's just a story of social
media though. It's all the same shit.
Everyone's a creator, right? Then if everyone's a creator,
then nobody's a creator. And so this is what the iPhone
did to photographers. Not, you know, you still have
the people that are better than others.
And this is what Internet did to podcasting.
Everyone's a podcaster, right? Including us, right?
So it's true. Anyone can pick up a fucking
iPhone with the Internet and become a podcaster, but then you
have the Kaiser notes and then you have the million kids that
trying to be him and won't work out.
So same thing with Kaido and it's the operas you'll have on
some level influencers. You have people like Mando and
you that create crazy minutes and you have the people that are
going to try just for farming and just collect tokens and
dumps as a founder, like I'm not interested in those people,
right? I'm interested in people that
actually going to like build meaningful relationship with us
that are going to build for the future.
But if I want to launch a quick RWAL 1 based out of Dubai, you
know, and I intend on dumping my token 92 1/2% damn right, I'm
going to use Kaido and all these people and then, you know,
quickly raise the raise the raise the floor on my on my
chain, raise more money from A16Z on on these metrics and
then play the game. So there is that, there is that
game. Where it's still interesting is
like when there's not incentive. So like looking at like who are
the top 20 people talking about prediction markets right now,
right? Because I don't, there's not a
whole lot of incentives out like public incentives out there to
be doing so. So like finding that list and
then as you think about maybe doing some type of a marketing
campaign rollout campaign to like, OK, you guys already
established that you can lead my insurer in in this topic.
Let's, let's, let's talk about Myriad.
Or have you used Myriad, right? And yeah.
That's an Ave. So like I someone's saying
baroque, no love for for farmers.
No, I love farmers, but I prefer the farmers that use my product,
not the farmers that talk about my product.
So you know, I'll reward the people walk the walk rather than
people yap the yap. Anyways, we have 10 minutes
left. Shall we get into it or did we
have something quickly to huge cover, I think.
We're rebounding a bit like that's it, so.
Let's go. We're about Easter pump, boys.
Easter pump. There's not going to be show on
Friday for everyone, but we are hosting a show on Monday.
But you know, Friday is off here in Portugal.
Thank you for understanding though.
They took the whole fucking week off here but.