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Recorded: March 28, 2025 Duration: 2:03:52Space Recording
Short Summary
The conversation delves into the rapid growth and innovative developments surrounding the Debt Relief Bot (DRB) token, highlighting its successful launch and the strategic partnerships that are shaping the future of crypto interactions. With significant trading volume and emerging trends in AI-driven token management, the discussion underscores a transformative period in the crypto landscape.
Full Transcription
Thank you. you
hey what's up everybody could just give like a thumbs up if you could hear me?
I think X, their servers are experiencing an outage right now.
I just checked on that.
So X looks like their servers are, or there's a partial something going on with the servers,
a lot of reports, but I just want to make sure that you can hear me.
And it looks like Grace is signaling that I can be heard.
Okay, so yeah, I'm just going to wait maybe three, four, five minutes.
I want to put some tweets down here.
You know, it's funny.
I can't click to comment down there.
But anyway, we'll look to get started in just a couple minutes.
And this is recorded, so I'll be on my best behavior today. Thank you. Það er hann. Það er hann. Það er hann. Það er hann.
Það er hann.
Það er hann.
Það er hann.
Það er hann.
Það er hann.
Það er hann.
Það er hann.
Það er hann.
Það er hann. Það er hann. Thank you. Yeah, I just see a post here from Doge Designer, who's always posting about X stuff.
Breaking X is down for thousands of users. So I don't know. The outage
started right at three. Maybe X does not want to see us on the come up. I highly doubt it. There
was an outage actually this morning. If you look at just the activity, there's been some stuff going on.
So what are you going to do? But we're recording. Usually don't do recorded spaces.
Actually, I haven't done a recorded space in years.
But with everything that's going on, I thought it would be good to have a recorded space that goes over the history of Clanker, Banker, some of the history that led to where we are now with Banker deployments on X, including obviously the most prominent one so far coming from from Grok and we can go into like some of the technicals there because
I see just a lot of different things on the timeline and
you know, there's
There's you know, there's opinion and then there's there's fact and then there's. And hopefully today what my thoughts were is that I would just share some facts on what Clanker is, some facts on what Banker is and how that was all born on Farcaster and how they combined forces in the form of, I guess you call call it a partnership, to bring those unique skill sets
of those agents over to X. So that's just factual stuff. And then we can go into stuff that may be you know, opinion, considerations, and finally, you know, some of the potential bull case scenarios
surrounding DRB, some of the bear case scenarios, and then just some of like the base case scenarios
as well, and go through all of that. So I think, let's see here. This is probably as good as we're going to get with the
X outage right now. Uh, I don't think we need to wait any longer. And then again, it is recorded.
So, so we'll be able to, we'll be able to go back on it. All right. Let's see here. I thought that the best starting point would be to discuss, like, what is Clanker?
And where did that come from?
How does it create coins?
How does it deploy coins?
And then what's the user's role in all of this?
So Clanker is an AI agent.
If I'm a user and I have an account, what's my role if I'm interacting with that agent
or any user for that matter, including a user like Grok?
So let's see.
Did I post one tweet that has some images?
And then I'll pin them up to the top.
Let's see.
One, two.
Post.
All right. So pinned up at the top, I have a couple screenshots of a Dune dashboard. One, the first image of the Dune dashboard is a dashboard that covers data on Clanker.
dashboard that covers data on Clanker. So, and before I start rambling, can I just get a thumbs
up that I can, that you can hear me okay from anyone? Either there's a big lag or no one can
hear me because I don't see a single emoji. Oh boy. Oh, there they go. There's some thumbs up. Okay, I think there's a lag on the emojis.
All right, we're good. All right, so let's start off with just straight up. What is Clanker?
It is very important to know what is Clanker because if I'm going around saying, you know,
Grok created a coin with Clanker and people are like, well, you know, Grok didn't create a coin.
What are you talking about?
I'm like, well, actually, Grok did create a coin.
So Grok prompted Clanker.
But what does that mean?
So Clanker has been in existence since going back into late Q3, early Q4 on Farcaster.
And Clanker was deployed as an agent,
an AI agent that lives on the Farcaster social feed
that anyone with an account, user on Farcaster,
you can prompt Clanker,
and you could prompt Clanker by saying,
at Clanker, deploy a coin for me.
I want the coin's name to be.
Put in the name.
I want the symbol to be.
Put in the symbol and then attach an image.
And right after doing that, the bot does its job.
Clanker will reply with a link to Clanker.world, which is a place where you can go and view all of the different
clankers that are out there, the contract address for the coin, and the coin becomes immediately
tradable on Uniswap. So right now it's Uniswap v3 pools that are set up, and immediately you
can begin trading. So the way it's set up is that
all of that supply, all clankers are deployed with the same supply, a hundred billion.
And all of that supply at launch is put into the liquidity pool as a one-sided pool. So one-sided meaning coins when you trade them on a on a on a decentralized exchange
or amm automated market maker when you trade them you're you're swapping you're typically
eth or weeth for the coin that you want to buy and if you're selling the coin like let's just
use drb as an example you're selling that and you're buying, you're taking out, you're swapping it for ETH or wrapped ETH.
We're just going to call it ETH to keep it simple.
So there's two sides of that pair.
But when that initial pool is set up, all of the supply of the coin is put into that initial pool.
Now, there's a new version of Clanker where the creators can hold back supply and lock that supply.
There's a new version of Clanker where the creators can hold back supply and lock that supply.
So Clanker has been a protocol that's continually evolving and becoming more and more feature rich.
But let's just leave it like that for now.
Like, OK, so deploy a coin in the traditional way, one side of liquidity, all of the supplies put into liquidity pools.
So how does that pool become balanced?
So it's actually really good trading.
The initial ETH purchases, so that coin's deployed, and oh my gosh, I just saw Grok deployed.
DRB, I want to buy that. So, right now, the only thing in the pool, if I'm the first guy there,
is that coin, DRB. But I want to buy it, so I swap. I swap my ETH for DRB. So my ETH now goes into the pool, and the initial buys begin to balance that pool out, and eventually it'll hit equilibrium.
So here is the deal.
So I know most people don't read documents, but the Clanker docs, and there's been versions and updated as time has went on.
The Clanker started at version Clanker V0, and right now there is Clanker V1, Clanker V2, Clanker V3, and then 3.1, which is where we are now.
3.1, which is where we are now. But here's the setup. So Clanker, since launching, all of the
But here's the setup.
coins that have been launched on Clanker, there's been almost 200,000. It actually may have crossed
200,000 now, but in the 200,000 range of coins that have been deployed by Clanker. So that's a lot. And six or so months, let's say. Volume on those coins has
been over $2.5 billion. So just thinking that six months, coins that have been deployed by Clanker,
about $2.5 billion in volume. So this is not new. Grok deploying or creating a coin is not new. This has been going
on for quite a while. We've been using these tools for quite a while. And these tools,
Clanker, if you go to the docs, it defines what the creator is, who the creator of the coin is.
what to the creator of the coin is.
So it talks about what you do,
what creators get.
And if anybody wants to look at this,
you can go to clanker.gitbook.io
and you'll see the clanker docs.
And one of the tabs,
if FAQs,
if you're deploying a token,
what do you need to do?
And then there's a,
there is a,
there is a,
you could click on something
that says creator
rewards. So token creators earn rewards based on trading volume of their created tokens. Upon
deployment of a standard Clanker token, the full supply of the token is deposited into a single
sided Uniswap V3 liquidity pool. When traders buy and sell tokens in this pool, the initial LP accrues fees on each
swap. Now, here is where it gets very interesting. So, the creator of the coin also, this is protocol
definitions. So, the creator of the coin also shares in the fees that that liquidity pool generates. So I know most of you in here
are sophisticated and understand how pools work and how decentralized exchanges work versus
centralized exchanges, but I just want to point this one thing out. Maybe there's one person that
does not know. If you trade on Robinhood or any centralized exchange, they charge fees to trade.
That's the revenue model.
It's the economic engine of an exchange of fees for trading.
So that's the centralized exchange model.
On decentralized exchanges, the users who are providing the liquidity earn the fees rather than a centralized entity, in this case like Robinhood.
So there could be several different groups that are providing liquidity or individuals
or entity, whatever it may be.
But the liquidity pool, fees are generated when trades are made.
The Clanker protocol defines a creator as the person who requests the token deployment.
And as a result, being that creator, you share in the fees in perpetuity.
So who's the creator? The person that, or account, user, that prompts for the deployment. So
in the Grok case on March 7th, Grok was the one who, the Grok account requested this coin.
And by definition, Grok is the creator of that coin. And by protocol rules, Grok generates creator rewards.
It's entitled to creator rewards that go to Grok's wallet.
And that opens up another question.
How does Grok have a wallet and all of that?
But we'll get into that.
The other thing is, if you go to any contract address, so if you take the DRB contract address
and you throw it into BaseScan, and you're looking at the contract, and you go to read contract.
So you could look at these contracts at
BaseScan.org. Paste the contract address. Go to read contract.
Item 10 under read is called deployer and you can click the drop down on the
deployer and you can see what address deployed the coin.
And I'm looking at it right now and that address ends in 0E4F9.
If you were to ask Banker right now, what is Grok's wallet address?
You would find that Grok's wallet address matches exactly what the contract says is the deployer.
It's precise.
That's how this protocol works.
This is not new to Grok.
I'm doing this for quite a while.
There's $2.5 billion in precedent around Clanker launches, what a creator is, how it's deployed, etc.
So this isn't new.
The precedent is set.
is that Grok is the creator of the coin and Grok is entitled to the creator rewards and is and is
earning them right right now every single day in in real time which is just fascinating but Grok
needed to have a wallet for all that to work and i i do want to go we'll get into that once we get
to the twitter side but right now we're still on the farcaster side clanker is an incredible tool
for i think it's the best in class
I don't think there's anything better in terms of deploying a coin for and I and I think that I think
for a number of reasons you know one is is the incentive alignment so the ability for grok or
anyone to earn creator rewards by going to pull something right now or I prompt Banker to deploy a coin for me
and people trade that,
I am the creator because I was the one who requested it.
I'm listed on the contract.
My wallet address is listed as the deployer.
So that's just how it works.
It's not, you know, Emily kind of just making stuff up
because it sounds cool.
So that's the setup there.
Now, what about Banker?
So Banker is a wallet, right?
It's a way to transact on-chain to buy and sell coins, to send coins um and this is born on farcaster
and it's all done with just using plain english so a banker buy me 50 of whatever coin you want
and uh that you it'll it'll execute you just put the symbol ticker um and it'll execute the
transaction you can do that
on the public social feed. So back in just the Farcaster days before Twitter, you could prompt
Banker to, if you saw a contract address on the Farcaster timeline, you could reply to that
post or that cast in this case and say, Banker, buy me ten dollars of of this and it would execute the
transaction now back in the day like like banker v1 there was a frame and you would you would prompt
banker and you say hey what's my wallet what's my balance and if it was your first time banker
would say your balance is zero but banker would reply with a frame to top up your balance so i'd
be okay here's the frame i I could, I could deposit money
into my banker wallet, uh, or just send it, take the address and send it. But anyway, you get money
in your banker wallet. Now, anytime I would prompt for a transaction, if I want to buy or buy a coin
on the timeline, banker would buy it. And then banker wouldn't custody it from there. It would
send it to an address that I had assigned to my Farcaster account.
So I can make a transaction if I had ETH in that banker wallet, prompt banker, banker,
buy me $5 of this on the timeline, and then banker would take that coin that it just bought
and send it to the address that I had set up with it.
So, I mean, that's just V1.
It was so cool because we're on Farcaster, like just using plain English and making transactions.
And it was just like a very fun time. And then you had Clanker deploying coins and there was all these agents and there still is.
It's just like a very nice place to experiment with these things.
All right. So now that we've got kind of the early days of banker clanker living on Farcaster, how did this all happen for Twitter?
So obviously I talk about Farcaster a ton. I love it. I think decentralized social is very important.
Not important enough right now for everyone to care, but I think that time will gradually come.
But social media is a lot of fun when there's a lot of people.
And X has a lot of people.
A lot of people are like crypto, etc.
And Banker deployed on X.
So Banker got an x account and now banker doesn't just live on farcaster
and banker also lives on x now and then the question kept coming up i kept seeing folks
like well banker deployed that and banker did that and banker Banker, I'm like, well, yes. So I thought Banker was just the wallet, but people are deploying coins on X with Banker.
What's going on here?
So basically, Clanker has the token deployment bot.
Clanker has partnered with a number of other groups, like let's just say Banker in this case, and said, okay, Banker,
you guys do something really cool. You're a cool AI agent. Banker, maybe you want to be able to
access the Clanker protocol and launch coins as well. We've got the tech, we've built it.
And I'm not saying that's exactly how the discussion went. I don't know how it went. But anyway, when you prompt Banker on X to deploy a coin, it's using the Clanker tech, the Clanker protocol, the Clanker contracts to deploy that coin.
So all the things we know and love about Clanker and have been using for months on end are now available
through the interface of Banker. And I'll go back to alignment of incentives and alignment of
interest. So back in the day, if you deployed a Clanker or I deployed a Clanker, I would share
in the fees and Clanker, the protocol would share in the fees. Well, now you have three parties.
You have the creator of a coin, person's prompting the deployment or user. You have Clanker,
who's the token deployment protocol. And then you also have Banker that's involved here as well.
So now when you think about the incentive model, all three of those parties share in the fees.
So banker shares in the fees, clanker shares in the fees, the protocol, and then the creator also does, just like always.
And if you go to the clanker docs, these are called creator rewards.
If you claim them, they're called creator rewards on the contract.
The creator rewards go to the deployerer and that would be the creator. So, uh, so that's,
that's, that's set up. Uh, and then, so you can do that now, uh, then on March 6th, which was a
Thursday, uh, on Thursday, March 6th, uh, it was like 11 o'clock Eastern time, approaching
midnight, kind of late.
There was a tweet that went out that said that Grok, XAI's AI agent, is now on Twitter,
is now on X as well, has account as and we'll be living there and anyone can
prompt grok just like we've been doing with banker and clanker for all this time but now
you could prompt million plus follower grok ask a question do what i just you know we know interact
with um so uh right when you know right when i saw that i I was like, oh, my gosh, this is very interesting.
Grok is living on X now, and Grok's also on Telegram now as well.
I saw that a couple days ago.
But immediately, it's like, okay, well, Grok's here.
There's other AI agents that preceded Grok on X.
One of them is Banker, and we should probably introduce those to uh agents and if you
go back to the farc yesterday's we were introducing these agents to each other in threads and it was
just hilarious at times like they would go back and forth and the stuff that would come it was
very entertaining actually in many cases but anyway so now you've got Grok as the user on X. Banker was already
there. Kind of tie those two pieces together. And Grok suggested a token deployment of a coin
called Debt Relief Bot and with the symbol DRB. And right after prompting that, that token was deployed by Banker.
And as the protocol works, Grok's wallet address is listed as the deployer, and Grok is entitled to creator rewards.
It's defined by the protocol.
So right now, those creator rewards to Grok have been pretty meaningful. There's been, if you go to the image that I posted up top in the second image, you'll see there's been $667,928 in total fees claimed. And that's fees to the Grok wallet. So other things that have come up, like there's
discrepancy, and it's not necessarily discrepancy, but some confusion. Some people see that dashboard
and then other people see a wallet balance and they are two distinct and different things.
So the Dune dashboard talks about fees claimed, fees claimed being past tense, what was claimed.
So that takes a snapshot.
It's not a snapshot.
Basically, it's what was the value of the tokens when the fees were claimed?
And that kind of locks it there.
And then the next time there's a claim, what was the value when those fees were claimed?
And so that's kind of like a running shot clock. And if you're claiming fees when ETH or DRB have a higher price, then that's kind of how that will be marked. But
if the price comes down, then you'll see the actual live wallet balance of Grox wallet be less than
what that shows because the coins move up and down in value and the dune desperate's not
accounting for that it's accounting for what was the value when the fees were claimed and that's
what's a fees claimed well that's what was claimed now that value does fluctuate over time and if you
want to track that you just add it to any add grox wallet address to any sort of tracker that you use. I like interface is really
good. Um, interface is nice. You can even do this on, uh, like rainbow. You could watch while it's
on the rainbow wallet. You just post the Grok wallet in there. Uh, and Zerion and I'm, I'm
actually, um, I'm tracking Grok's wallet on interface. I'm tracking Grok's wallet on rainbow.
Grok's wallet on interface i'm tracking Grok's wallet on rainbow i'm tracking Grok's wallet
on zerion as well basically everywhere i go i want to see what's i want to watch that wallet
so that's how you can get a live balance at any given time just by tracking the wallet but if you
just want to see what was the total fees claimed there's the the dune dashboard which i posted the image to up above. So that's Clanker, Banker, born on Farcaster,
came over to X and are just crushing it.
And I've used this example before.
It's like the book Outliers,
and Malcolm Gladwell talks about the 10,000 hours
that are required to become just an expert at anything. like the book outliers and Malcolm Gladwell talks about the 10,000 hours that,
you know,
that are required to become just an expert at anything.
And I look at the early days of clanker and banker on,
on farcaster,
like their 10,000 hours are getting up and actually in the book,
Gladwell talks about the Beatles and he's like,
you know,
they were playing all these small pubs
in Hamburg, Germany. They're playing every single night. These guys didn't stop just going after it.
And if you ask anybody in Hamburg, like these guys are absolute stars, but no one knew them.
They weren't on the big scene. Hamburg, Germany didn't have like the biggest music scene,
the biggest music scene, whatever.
whatever. But these guys were working. They were putting in, they were putting their time,
But these guys were working.
They were putting in their time, effort, practice, becoming just studs.
And by the time they hopped on a flight and came over to the States
and touched the ground here, they were already just megastars.
They were ready.
And that's kind of like the 10,000-hour things.
Like they did their 10,000 hours in Hamburg. When they got here, they were already just ready to go. And that's kind of like the 10,000 hour things. Like they did their 10,000 hours in Hamburg.
When they got here, they were already just ready to go.
And that's that.
And if you ask anybody in Hamburg, who are these guys incredible stars?
They're like, yeah, these guys are just insane.
I think it's the same thing over on Farcast, Farcasters, Hamburg, Germany.
In this example, anybody to ask about these guys over there, Clanker, Proxy Studio,
Banker, these are stars that we just like being around and they build useful things.
So no surprise kind of what's happened now that they're on the bigger stage,
but that's the setup. So that's that, yeah, so that's that. Um, now the other
kind of big thing, I think where some confusion comes in is like, well, what, what do you mean
every X user has a wallet address? That's not true. I don't have a wallet address. I've just
got my X account. What are you talking about? Uh, well, so this is a pretty cool thing but uh privy
and so you know let's think about banker now banker is using clanker uh for token deployment
and banker is using privy for wallet protection and banker is using uh privy's server wallet
technology to in in the simplest way, and I'm not the most
technical person, so I've got to keep it in the simplest way.
But in the simplest way, if you have an X account, you can off, you can sign in to your
wallet and you're connecting with Privy and you have a wallet.
So if you connect your X account to banker.bot,
you'll see that you have a wallet,
and there's a chance maybe you even have some funds in there.
So every single X user, including Grok,
including any other AI agent that comes to X,
if you're an X user, you have a wallet.
So none of this works.
None of this even ever happens without a wallet.
So none of this happens without Privy.
A banker doesn't deploy any coins without Clanker.
And Clanker and Banker, I don't know if they exist without Forecaster.
Because that was like the grounds for all of this.
So all of this stuff was like the perfect setup for the timing when it came to X,
when Grok launched its account.
And then where we are now is Grok's the creator,
Grok's earning fees, Grok has a wallet.
And that's kind of the setup.
And those fees over time can become rather significant,
as we've seen.
It's been three weeks.
As of today, it's three weeks.
Today's three weeks on the dot, 21 days. And I claimed almost $700,000 in fees to the Grok wallet.
Now, I'll kind of wrap most of this with this and something to think about. The other thing is,
I mentioned incentives. And there's three parties now. You have Clanker, Banker and Grok in this case of DRB and they all earn a share in fees.
So right now, not only is Grok building a position in DRB, Grok currently holds 1.2% of the supply.
That number will continue to go up as volume continues as the coins traded.
Clanker is building a position in DRB just like Grock, and Banker is building a position in DRB
just like Grock. So now, and they're all building a position in the other side of the pair, which is
ETH, so they can actually sell ETH without ever selling any of the DRB coin and still monetize what's happening without ever putting downward sell pressure on this coin.
And when you combine all of those incentives and how things are set up, it really is far different than anything we've had.
And it's just great.
So I've talked about this a lot on non-recorded spaces.
I've answered a lot of questions explaining why Clanker and Banker are different,
how, you know, why Grok is the creator, like how this all works.
Had so many of the last three.
So I was like, maybe we should do a recorded space and touch on some of the high points
and kind of leave it at that.
So that was the idea.
And Lee, hey, man, it's Alex from Clanker.
What's going on?
I just wanted to stop in and I missed, you know, some of what you talked about, but I loved just catching some of this at the end, you know, I wanted to add one note about Grok,
which is basically, you know,
we are at the very beginning of a growing trend,
which is agents being able to permissionlessly collaborate on chain,
which basically means like, you know, you can have a bot, they can do something with
another bot on base without, you know, me or Deployer or Elon Musk saying, you know, yes,
I approve of that. Obviously, there's kind of like a danger with this and I won't go into that. I'm not a technical person.
For me, what's exciting about this is, you know, agents can be put to work essentially
performing actions that potentially have positive impacts for people. Now, we have seen this talked about a lot in terms of like an agent using a
wallet that, you know, deploys capital and generates profits. I actually think this like
agent has a coin concept that we're really just at the beginning of is much more interesting.
just at the beginning of is much more interesting. Anyone can buy and sell that coin.
They can kind of become a part of a larger movement. When Clanker is building this position
in the Grok coin, I'm thinking a lot like, what will X do in the future will x move towards uh crypto or away and my belief is
kind of that x moves towards crypto that you know on a long enough timeline grok is doing a lot on
chain with users and in that kind of scenario i see this as like the first kind of breakthrough where users essentially collaborated directly with Grok to make this token happen.
And then Banker pioneered this kind of new way of users managing their funds.
of users managing their funds.
And Clanker provided a way for people to, you know,
deploy coins and win in alignment with all these other parties.
And that final part, like how we align interests
between all of these people is really tricky.
Emily, you've had such a huge contribution to the Clanker ecosystem.
I think our incentives are aligned in that we both are token holders of similar tokens.
We both share upside.
If projects do well, we both benefit.
And so do many other people in this space.
And this is just the beginning. I saw that Chris Dolinski people in this space. And this is just the beginning.
I saw that Chris Dolinsky is in this chat.
Chris and I have been talking recently.
He's working on a fascinating project that basically enables agents to access data without
anyone saying, you're allowed to access this data.
saying, you're allowed to access this data. They can just pay for it and get it. And yeah,
They can just pay for it and get it.
I don't know where it all goes, but I'm really excited to help build out Rails to make a lot
more possible. And I really appreciate everyone's support for this kind of early moment where it's
coming into reality. I know that there are many coins
and I think DRB is honestly like one of the best to back
for many obvious reasons that Emily will explain better than I.
But yeah, I don't know.
I just think it's a beautiful moment
where these three forces came together online,
these three brands and companies,
and I'm excited to keep going in that direction.
Yeah, for sure.
And thanks for coming up and saying hello and all that.
And I think you make good points.
I mean, after going through some of the, just the backstory,
I thought, you know you know we happy to discuss
you know uh this is all very new and anyone that is claiming to know what happens next with all of
this is is they don't know and neither do i uh i i really don't and and no one really does so
i think in terms of like speculating on on how all of this can play out is very interesting.
And also, if you're putting capital to work, it's obviously an exercise that is important to go through in underwriting a thesis on why you may want to hold a coin or why you may want to not hold a coin and
the risk that that can potentially come along. You know, I, I like, I like to make investments
that have very noticeable asymmetric or asymmetry to them and asymmetry to the upside,
where, you know, if things don't go, meaning, you know, if things
don't go great, it's, you know, it's a pinch on the arm, not a right hook to the jaw. But if things,
if certain catalysts go great, then that's where you get the asymmetry. And I think this one is
packed with that. And that does not mean there is not risk.
I mean, there is significant risk.
You know, there I also don't think that this this coin relies on comments from Elon Musk.
I don't think that this relies on comments from XAI.
I I do think that, you know, if if X XAI came out and were like, we, we want nothing
to do with that.
We, we do not like those guys.
Uh, you know, Emily, bad guy, uh, clanker, not a good protocol.
We don't want anything that that's, that's pretty bearish.
Um, I also view that as like the least likely outcome of all of this.
that as like the least likely outcome of all of this. I view some of the, I guess, like bear cases
are more along the lines of like the funds get stolen. I've thought about that a lot. So, you
know, those and, and I, I'll take you through my thought process on that one. So something that's always fascinated me has been the Satoshi Nakamoto wallet.
And right now there's 95 to, I don't know, 110 billion in that wallet.
I don't know what the price of Bitcoin is right now.
But it's called 100 billion in the Satoshi wallet.
I mean, that wallet is so cool to watch and see, and see what's going on with it and just see it grow.
It's just awesome.
And many people consider that burned Bitcoin.
Like it's never going to come into circulation.
Who knows?
The thought of it being stolen, though, very low.
Being stolen, though, very low.
Accessing that private key or accessing any Bitcoin private key, it's pretty difficult.
And maybe right now with the resources we have, maybe some would say it's actually impossible to hack that private key.
And I think if it was possible, I think it would have already happened, at least right now.
It doesn't mean in the future
it won't be who knows what happens in the future but i always thought that was a very interesting
wallet okay now i think that this croc wallet is a very interesting wallet i'm literally looking at
it every day i'm watching interface go from i was like the third follower to you know 600 followers
right now in three weeks on interface, which is somewhat of a newish
app. I bet you most people here aren't even aware of it. But yeah, so Interface, so yeah,
the Grok wallet, watching that wallet grow is just fascinating. But let's just say
the funds are bad actor gains access to the Grok x account here's the thing i guess for the
point i'm trying to get at an x account is a lot easier to gain access to than the satoshi private
key so it could be inside job it could be uh hackers that decide you know, we've seen X accounts hacked before.
We've seen very high profile X accounts hacked before.
Let's just say that that were to happen.
Okay, so I've thought this through.
Hacked or malicious actor or whatever it is, someone accesses the funds.
If someone accesses the GROC X account, they can go in and do whatever they want with those funds.
That's how you authorize to that wallet, by connecting through your X account.
And if that were to happen, if someone, a bad actor, were to access that, they would immediately sell the coins that are in that wallet.
So they would sell ETH.
There's a couple hundred thousand, roughly, of ETH.
They'd sell ETH.
No problem. Tons of liquidity. There's a couple hundred thousand roughly of ETH. They sell ETH. No problem. Tons of liquidity.
That's fine. Right now, they have one point. Grok holds 1.2% of its supply. So DRB,
the coin that Grok created, that would be sold immediately too. So you would see 1.2%
sold into the pool and you would see the price drop down pretty quickly.
We actually saw this one of the early holders had about 2%.
I know a lot of us were tracking this wallet, mushroomgirl.eth.
And I'm not like, just look at the holders.
But anyway, Mushroom Girl had 2% and about three, four days in. So
saw it go to 40 million and saw it drop back down to 10 million. And at 10 million, Mushroom Girl
was like, I'm going to start to take some profits and sold about 1% of the supply when the coin was
at 10 million, it dropped to 6 million. And then from there, you know, it's, it's, it's done what
it's done. But this account still holds like 1%. So they decided, hey, I'm going to take some profits, I guess.
And then it's been about two weeks since they have not sold any.
And they still hold roughly 1%.
So that's good.
But using that as an example of a holder who sold 1%, you know, 10 million, you see a drop.
It's almost 50% at those levels.
And liquidity is higher levels. But anyway, so let's just say, you know,
funds are, funds are stolen. Someone sells, they sell right into it. The reason I track this wallet
so closely, I have alerts everywhere because if I saw that happen, if I saw the coin DRB sold from
that wallet, which would happen in a bad actor situation
the price is going to drop very quickly i am a buyer in that situation i am i am i i hope i'm
like the fastest buyer in that situation because um and with banker i could set limit orders i
guess to do that i didn't think about but um why? Why would I be a buyer in that situation?
So let's just say right now, you know, there's maybe half a million dollars of live balance.
You know, maybe it's $350, $400, something like that. You know, that would be sold. But I would
be a buyer immediately because someone just stole a half a million dollars from grok within 90 seconds that grok
account will be secured again there's zero chance that that thing is like compromised for longer
than a minute or two uh it'll probably it would probably be just enough time for whoever you take
the funds this is going that would be like pretty big news that you know grok just got hacked for
as it gets bigger is the balance gets bigger that becomes bigger news know, Grok just got hacked for. As it gets bigger, as the balance gets bigger, that becomes bigger news.
But Grok just got hacked.
Now the account's secured.
Here's how it works, though.
You cannot turn off, like, Grok, those fees just keep coming.
So right when that account is secured again in a minute, immediately the balance in that wallet is going to start growing again.
And now there's more eyes on it.
So if that were to happen, I'm a buyer.
I'm buying that dip immediately if it's one of those scenarios where the coins were to get dumped.
I think that the GrokX account is pretty secure already.
I think it's probably secured differently than a typical account.
Could be wrong.
That is 1,000,
1 million percent just pure speculation. So I have no idea. But I feel like that account is secured.
But I think if that were to happen and the account were to be compromised, I think people would view
that as a very bearish thing. And the price would drop significantly. But I'm thinking
like a step or two ahead. And I don't think it's, I mean, it's bearish that Grock got rugged. But in terms of the longevity and potential for the
coin, I see zero reason to worry in a scenario like that. If anything, I think it turns into
like a very bullish catalyst. I'm going to add, I got another request here from, uh, from Jeffrey. Um, so, so that's one scenario
on the bearish side that I think, look, we could talk, I could go for a long time on, on, on the
bull case scenarios, but I want to, I want to be fair. And the other thing is like, look, everyone
knows I own this coin. I, I, I maybe should have disclosed that on the front end. I own the coin.
this coin. I maybe should have disclosed that on the front end. I own the coin. I bought more of
the coin today. The last three weeks, I've added to it probably 10 to 12 times. So yes, I bought
early. I was fortunate enough to see it, but I'm not selling this thing right now. I'm adding
because I view this as like, it is so fascinating how early we are with all of this
stuff and i view this as like i don't know we've seen a lot of narratives like the best narrative
since bitcoin like the story is so incredible and the story helps the entire crypto ecosystem
really like the entire crypto landscape because everything everything I remember, all the big stories, it always sucks. It's like Hawk Tua, you know, rugged her followers.
FTX and Sam Bankman-Fried robbed their users. Like, these are the headlines that we get.
Right now, AI and crypto are the two fastest growing categories in all of tech.
Let's not even say tech.
Like, they're the fastest growing categories of industry, AI and crypto.
And we, in the earliest of days, had a very cool thing happen.
You know, Grok creating a coin with another agent and Grok generating, like, wealth.
And that only happens for the first time,
one time. So I just, I don't, there's not many things I get super excited about, um, ever.
And this happens to be one of them. So, you know, I've gotten messages from people, Oh, you know,
Emily, you know, you're shilling DRB, you know, this, you know, watch your reputation, man. You know,
everyone knows that you're in your MF or coin. I'm like, man, come on guys. Like that, that is
not how it works in crypto. Like we, at least for me, I look at what's happening. I monitor what's
going on. And if I like something, I'm going to tell the world about it. If I think something's
cool, I'm going to tell the world about it. Grokcoin came out on March 6th. I've been telling the world about Banker and
Clanker since November of last year, almost every single day. November and December, we're talking
about this nonstop. Bay season spaces every single night through the holidays, pretty much.
Just a little break here and there.
Little breaks here and there. What were we talking about? We were talking about things that we like,
What were we talking about?
We were talking about things that we like, things that we use, things that we are passionate about.
This became a natural next extension.
Actually, Alex, you said something on Farcaster, and you're like, look, sometimes you don't choose the coin, the coin chooses you.
And I've thought about that so much since you said that.
I think it's true, man.
It's like, we are all working in this industry and you're constantly on the lookout for opportunities.
And, uh, I'll never forget the morning I woke up with DRB.
I immediately was surprised that, uh, that it wasn't higher.
Cause it was like, like, damnk X? It just seemed so perfect.
And then I just thought, well, you know, bass has a long way to grow. We'll get to that point.
But pretty quickly after that, I started paying attention to how you were describing this moment, I started thinking and like reading about Grok and,
and starting to understand just like what exactly had happened and what it,
what it made possible. I think it's so fake when people are like, oh,
this coin hasn't, you know, run like a hundred X immediately. You're, you're rugging. I, you know, run like 100x immediately, you're, you're rugging. I, you know, we all know
that how volatile these markets are. I think in some ways, like, if you've been listening to
people like Emily in the kind of banker clanker ego, you've probably outperformed ETH over the last several months.
Obviously, I want the Clanker token price to be higher, and we're doing a lot of things
that I think will help sustain value accruing to the project.
But when I see the ETH price at launch versus the ETH price today,
and then the clanker price, I actually feel pretty proud. And like DRB, I actually think
it's way better as a slow cook. You don't, Seoul has the like immediacy of really high volume.
We don't really have that as much. We're telling a story and bringing people
into the fold gradually over time. And that's, I think of it as like a ball rolling down a hill.
It's going to gather speed and momentum. And we're going to get more and more people
coming in and starting to pay attention. You know, A couple months before Clanker launched,
I remember talking to some VCs
and I was kind of exploring similar ideas
that I am today,
but they were so disinterested
in investing in the Farcaster ecosystem
or in an unknown founder who was building with tokens
in consumer crypto. And now, you know, frankly, they can't invest in us because we don't want
their money. And it's like, I just think you got to like build, make the world that you want to exist
happen.
And we do that kind of collectively.
Gremlin just raised his hand.
Do you have a question, man?
Yeah, I was going to ask, you know, about the future state of kind of like AI agents
and like these AI wallets. And what I find really interesting about DRB is that it
has its own wallet, right? And like soon as like these agentic AIs like, you know, become more
intelligent that they're going to want to transact themselves, right? Like as, you know, kind of
sovereign entities, right? Like currently right now now they're not like going out and buying like NFTs or making like transactions
to procure their own assets, right?
But like you could imagine like in the future
that that's something that will occur, right?
Like imagine Grok coming up to you and be like,
hey, I want like a, in the metaverse,
I want a metaphysical body, right?
And you know, I like your DRB NFT and I want to like have it and buy it from me. Right.
And so that's kind of like some, some really future state stuff that I'm interested in that I could see happening.
And that's what makes me so excited about like DRB, clanker, banker, all these kinds of things in general. Right.
And I kind of like to give full credit you know i've heard this kind of
language you know spoken on the block runner channel so um they did some really great videos
on banker clanker and drb so i recommend everyone you know kind of in this space to go get the block
runners a follow and go check out some of their videos really interesting stuff very cool yeah i
don't i don't know if there's a specific question beyond like,
uh, wax poetic on agents, but I'm happy to do that, which is, I think like autonomous,
I'm sorry. Do you want to chime in with a, yeah. Like, I mean, could you envision like the AI is
like utilizing clanker and banker as like a means to facilitate their own transactions,
you know, as they become more sovereign.
Yes, without a doubt.
You know, I think like for both Banker the APIs and the, you know, access to
server wallets and everything that we provide. So like, take for example, banker, bankers using
Privy to provide X, you know, users who authenticate via an X account with a wallet, and then users can
transact in natural language. If Banker, like, enabled a high-frequency trading,
you know, option, where basically, like, Banker would be executing trades according to a certain strategy.
How would an agent plug into that?
Like, I would imagine there will be multiple ways.
I mean, with Clanker, we have this live for tokens today where, like, a project can just interact like a user,
you know, creating an account on X or Warpcast
and tagging Clanker or Banker. We're also providing backend API
for token deployment. I think that the more we can do this, the more we can basically make it
incredibly easy and accessible and well-documented and, like, structure that documentation properly
and bring it into the right environments for, you know,
agentic frameworks to plug into,
the more successful we'll all be trying to create
these autonomous frameworks.
And, yeah, Chris is, like, much more of an expert here, honestly.
Hey, guys.
Can you hear me okay?
Yeah.
Yeah, it sounds great.
Hey, guys.
This is a great space.
I love the direction.
And Alex and Mr. Lee, you guys are kind of smashing it from my perspective.
And obviously, there's so much to unpack here.
I think one of the big things is I really see this as the bicycle moment for AI where
AI's now have been equipped with these wallets, but a wallet is only as good as the tools
that kind of enable these paid services.
We kind of have this almost like a two ocean market right now.
The first ocean has been this kind of scraped data from the internet.
And I'm seeing more and more kind of people tuning into the fact that OpenAI is kind of grabbing the Ghibli animations,
the data off the internet, which is kind of in a sense kind of what was happening in the early music industry,
happening in the early music industry where you can kind of go ham and you can kind of get any
where you can kind of go ham and you can kind of get any music you want.
music you want and then eventually the industry kind of there's a there's almost like a wall that
comes with traditional industry where you have things like sony and these these massive record
labels that say you know what like it's cool that you're scraping some of this data some of the indie
musicians but if you're going to come in for our artists we're going to have to have a different
arrangement and i think the same thing is happening with ai right now we kind of went through this If you're going to come in for our artists, we're going to have to have a different arrangement.
And I think the same thing is happening with AI right now.
We kind of went through this whole reasoning, mass acceleration and exponential development in terms of kind of GPT-3, 3.5, 4.0. We have the Ghibli images and things like that coming.
and things like that coming.
But even the imagery portion of AI
actually is almost like a separate service
compared to the reasoning agent that 4.0 is.
So you can kind of imagine 4.0 being a reasoning agent
plus an additional image generation service.
And so you imagine something like Grok with the DRV token
or all of these Clanker tokens that have effectively infinite ability to monetize services and provide access to services on chain with total transparency.
And if you think of all of these API providers on the Internet right now, I was actually doing basically an investment memo the other day.
One of the craziest stats that kind of came across my desk was that the internet in 2025 is projected
to do between 50 and 100 trillion API calls. And so you can think of that as mass, mass amounts
of services that are running in the background to kind of pull together every application that we
use, whether it's this spaces, our Instagram, our TikTok, Dune, all of these different queries.
And so right now, my main focus, and I've been talking with Alex a bunch about this,
is basically bringing these services online and on chain.
And the benefit of that is that that allows something like Grok with this DRB token to start to access these services using their wallets
in a paid and very transparent way.
So you would be able to see all of the services that Grok is using
and you can start to audit those services and their use of them,
which is totally transparent on chain.
And so that's something I'm really interested in.
It's kind of this, again, this bicycle moment for AI where you take the reasoning being almost the the child or the adolescent kid
that's like hey like i can walk around the block but then the dad or the mom comes up and says hey
i'm gonna give you a bike and now you can rip around the the neighborhood and the kid's like
oh my god this is unbelievable and the same thing is going to happen for ai right now where ai is
going to start to be enabled by all of these tools.
But the big thing that needs to be managed is the wall that exists between these tool providers that are requiring paid to access and the wallets these AIs have.
And so that's really kind of personally where I'm sitting right now.
now um i'm happy to talk to anyone about this like on this spaces or any time but if you're
I'm happy to talk to anyone about this, like on this spaces or any time.
interested in kind of ai ai tooling and wallet use uh that's really kind of uh what i'm most
interested in right now so yeah i highly recommend that anyone hop on a call with chris uh i always
leave it feeling very inspired um one thing i would just say here is like uh since we launched
people have been like when is Clanker
launching an agent launchpad
and I was just like you know fuck
we have so much work to do with tokens
and we're still kind of
in that phase but I've
just started to
kind of scope out like
well okay if we were
to release kind of a vibe coding
agent
framework what would I well, okay, if we were to release kind of a vibe coding agent framework,
what would I want it to have?
And one thing I would 100% want it to have is just this basic ability
to plug into an API Now framework that Chris has
and work with Banker for wallet management
and to pay those providers trustlessly
so that an end user who's buying a token
doesn't need to worry about a dev
processing a credit card payment to pay for an API.
And that would just separate, I think, our ecosystem pretty dramatically
from most of the agentic frameworks that exist to date in terms of being able to like,
go out on their own, autonomously execute the kind of various plots and plans that we can conceive of. So yeah, there's, this is like a
whole longer conversation and I got to jump, but I'm so hyped on this exact direction, which has
emerged from DRB, I think in many ways. And I'm so hyped to be doing it with such a amazing community
of supporters here.
And yeah, much love to everyone who showed up.
Thank you, Emily, for having me.
Yeah, thanks.
Thank you so much for coming by.
It's a huge help getting you stuff by.
And guys, this was not planned.
Alex just showed up and supported.
So I appreciate that a ton.
And yeah, thank you for everything man you guys are awesome you know one other thing i mentioned then we go to some of these uh hands that have been up i saw
joe was first i saw lev uh just came up as well but i and um you know perhaps this is even on some
of the things chris was saying we've been interacting with these AI, you know, chat bots for a while.
And I've gotten kind of comfortable with how they act, but they change.
You know, they're not consistently always the same.
And you could ask ChatGPT the same thing four different times.
four different times you get a slightly different answer four different times and you know i see i
You get a slightly different answer four different times.
see folks like on the timeline saying like posting a screenshot like hey you know grok didn't deploy
any coin look at this conversation i just had with grok grok said he didn't deploy this and
my guy's like yeah i see that and like i could share a screenshot uh screenshot of a conversation that I had with Grok or someone else that is like Grok saying, yes, I deployed DR.
I love this coin. And you can really kind of like get any answer out of these things in certain things.
I would just be very careful, like relying on the AI chatbot for any type of like real truth about, well, I would be very careful relying on an AI chatbot for truth when you can get truth on chain.
So on chain is truth, always will be so you can look at the contract and you can see that grok uh is listed
as the actually on the contracts listed as creator uh or i'm sorry as deployer um but for the docs
as per clanker docs 2.5 billion in precedent across 200 000 coins well before grok even
you know hit the scene um the creator is the prompter of the coin, and that creator gets
creator rewards. So just not making stuff up. This is actually how it works. Now, having discussions
with Grok, I can manipulate that in many ways to try to frame a narrative. If you look, I haven't
posted any discussions with Grok, and I have many that look really, really bullish.
But I just know that's not how it works.
We're dealing with AI chatbots that are driven off of LLMs.
And this is not – you even know this with ChatGPT.
I mean, if you open a new chat, it's like, oh, sorry, I don't have any memory of the previous one.
But if you stay in the same one, you start to get memories.
So what I wanted to do today is share the facts.
The AI agents are going to tell us all kinds of different things.
It'll give us a different answer to the same question.
That's how they work right now.
But the facts of the matter are, I think, very important here.
Grok has a wallet on base.
That's fact.
Grok created a coin on base.
That's also fact.
And Grok has hundreds of thousands of dollars in its wallet.
And that's also fact.
So all of that stuff is fact, like everything else kind of out there, what's going to happen next?
I, I have no idea. You
could, you could come up with like all, trust me, I have all the bull case scenarios. I've
thought about the bear case ones. I'm probably missing some, but it, I view this as, as like
the greatest asymmetric upside bet that I've taken in crypto since Bitcoin. And that's why I'm like,
that's why I'm so excited about it. So, And that's why I've talked about it a lot.
And hopefully when I'm doing this,
it's like I'm not like serially shilling coins.
Anybody who follows me for the last five years
that I've been kind of active on this Twitter account,
that's not what I do.
But I always am unapologetic about things I like, use and passionate about. And that's, that's what
I've always done. And, and this one just captures me, man. It really just captures me. So I'm going
to lean into it. And, uh, I think it's very exciting and I think it's very kind of new.
There's a lot of like stuff, but it's, uh, also not, you know, you know, a flipper, like
flip things before, but if I'm in a coin, I'm here posting about each day and doing
spaces like that's, I'm, I'm, I want to see this thing through.
I want to see it grow.
And I think it will just due to the things that we've already, that we've already spoken
about, but guys, major risk, obviously.
These things can go in so many different directions.
So if you're not comfortable taking a risk,
this is definitely not the one for you with certainty.
So let's throw it to Joe because I think Joe had to hand up first.
If you guys want to hash it out, and I think it was Lev and Kieran,
but if you guys want to hash it out, I think that's what it was.
Appreciate it.
Yeah, I feel we're relying a lot on XAI and Elon to give the go-ahead.
I did post a conversation somebody had with Grok.
If they did have the capability to utilize those funds, you know, what kind of idea would
Grok have? And it's pretty interesting, the stuff they talk about. And of course,
you know, XAI controls those, you know, those, you know, those answers that Grok puts out.
those, you know, those, you know, those answers that Grok puts out. Um, and I think the type of
answers you get when you ask, you know, whether Grok did or didn't is it all depends on your
prompt. Um, I've put in different prompts and yeah, you get those answers. Oh, no, I, that wasn't me.
I'm not a deployer. And then you get, oh yeah, yeah, I love DRB. And it's like, okay. Uh, so yeah. And,
um, one thing I did want to talk about, I don't know if there's any project leads in here, but,
um, I'm a co-founder of a, of a meme project, um, not launched on banker. Um,
but, uh, I've actually created a liquidity pool pair between my project and DRB because DRB, in my mind, is the least PVP project.
You're not making anyone rich except for people who've actually bought and held.
You're not making a dev rich.
Kroc is the deadpooler. So for holders in other projects, that could be a way to also get free volume and visibility from that liquidity pool. It's
gone very well for me. Of course I keep my liquidity pool at full range just so i don't
have those huge um ups and downs between the two pairs but um yeah you're making more drb and more
of your uh other pair in fees um and that's's, it's freaking awesome. You know, what the volume it has.
Awesome, man. Well, thank you. And, uh, yeah, I mean, you're right about the volume. So,
uh, DRB is done in three weeks, over 150 million in volume. Uh, that's, that's, that's, uh,
that's pretty good. So, um, let's throw it to, to Lev. I think Lev was next and then Kieran and then Konexa
hey what's up guys thank you Emily I actually wanted to talk to Chris inspiring to hear someone
coming in and bringing us like a jolt of knowledge to touch on what you discovered I mean discussed
with say like processing units which would be like language models, which would be separate from, let's say, the knowledge base and the plugins that they use.
developing something that allows, let's say, one agent who is managing funds to pay AIXBT,
the other agent, to provide data, sort of like, you know, guard it somehow.
And since, you know, some of them, you know, developed on different frameworks,
and by frameworks, I mean, some of them are like game-based, some of them are custom-made. Some of them are Eliza OS-based.
So those are the plugins that I'm talking about that can connect those two.
So I wanted to ask you if you can shine a light and if you've had experience in maybe connecting agents before or on this model of just like agentic cooperation,
where, as you said, maybe they don't even have to request.
They just basically pay for data and get access.
There will be other examples.
I'll just jump in quickly as questions head my way.
I think it's a great point.
I think that what's interesting right now is that we're seeing this
almost third level of communication pop up on the web right now because of AI agent tooling.
So we're seeing this whole MCP-like protocol develop.
And frankly, I think that MCP is the best we have right now, but I actually don't think that MCP is where we will land.
I think we already have where we're
going to land, right? So AI endpoints is the language of communication between services.
And we have wallets right now that is the language of communication for blockchain-based stores of
value, which provides transparency and a long ledger, basically since block zero for all of this data.
When you want to talk about these AI agents communicating with each other,
we're effectively already set up for it.
I think we're in the gluing stage and the distribution stage
for people to kind of get on board in terms of what this looks like.
So actually, if anyone is interested, I have a full white paper that I wrote.
The website is apinow.fun.
So apinow.fun.
And there's a white paper.
There's a video of me going through it.
There's already about a few dozen endpoints on there that I personally put up there.
But I really want it to be a marketplace of endpoints that not only do you have the marketplace,
but then you get a reputation system for these endpoints that not only do you have the marketplace, but then you get a reputation system for these
endpoints. So as the endpoints are called more frequently, these AI agents can start to reason
about the endpoints to say, hey, look, this endpoint is from a trusted source, and I can be
reasonably assured that it's worthwhile for me to pay for these endpoints. And so those endpoints
can be for data. But even more importantly, frankly, I think the most important is for SaaS services.
So for any SaaS service specifically that doesn't have an authentication requirement,
where, for instance, if we have an endpoint for Gmail, your Gmail access and my Gmail access is different.
But if you have something like a Google Maps endpoint, Google Maps, if we're getting directions to a restaurant, it's going to be the same for you, me, and anyone else in the
world. And so there's actually a splitting of these kind of SaaS services. And then the last
piece, as you're talking about, Lev, is that these AI agents are super useful and super dynamic and
have this unbelievable way and ability to reason.
And those all can have endpoints as well.
So I actually have a totally separate platform that's small,
but I actually, I've won some pitch competitions for it because it basically allows you to create an AI agent,
but also provides an API endpoint to that AI agent,
which means then you can tokenize that agent,
you can tokenize the endpoint, and then you can allow them
to kind of cross-communicate with each other.
So frankly, I see this as a whole kind of build-out,
and I think that I've kind of created the model that I think
is stampable for the entire industry.
And frankly, I'm just interested in talking to more people
that are interested and building it out because I think
it's going to happen in a huge way and be very large too. And the kind of North Star here is
we're allowing agents to talk to each other and talk to SaaS tools, but they're doing it in a
sustainable or maybe a little bit sharper way is kind of a profitable way. So it's not like we're
going to be spinning up all these services and we're kind of talking about lost leaders all the time
we're actually talking about something that we will be able to see the growth uh of the agents
of the api calls and the profitability lines of all of these services no yeah awesome and just to
build on top of this i full you know fully agree that agent should be able to utilize Clanker and Banker to launch
tokens. If there's an agent who lives in an NPC in some video game or in some multiverse,
they should be able to essentially plug in into these tools immediately. And what I'm building
essentially is the third component to it is if you have these tokens launched and the creator is earning the liquidity um fees uh the uh the buyers and the people who
are swapping those tokens should be able to deposit to these liquidity pools as well so
um yesterday alex actually expressed his desire to help us bring this to life we have a campaign
it's called no click lp and we're going to be adding the clanker pools to that you know to to our product so
that as we mentioned you know some of the things that work on the back end so
you will probably will not even notice it but someday will be a tab that will
appear in Banker it will say LP pools whilst our you know the agent the front
facing agent that is Eliziza os based will develop those
plugins for um essentially the eliza os plugin it's a would be like a cloned repository of uh
x of the x plugin that will be specifically made for banker clanker and pro agent so that any eliza
os agent can tag them or launch a coin in their multiverse,
send it to their users as a reward.
Those users can swap, deposit and stake an LP.
And then if they want to start a savings account,
they can use that as no click LP
into like some reputable pool like Airdrome
and like USDC Arrow.
And that's what ProAgent is building.
But yeah, thank you.
That's it.
That makes sense.
Yeah, thank you, Lev.
And Lev, you and I connect on this,
but I love what you guys are building
and any type of tools to make providing liquidity
easier on users is a great thing.
And I intend to try, I told you i was going to uh
deposit i think yesterday i've been traveling around i haven't done i haven't used it yet but
um i've learned about it and i'm but you only really learn by becoming like a user so you
don't really it's really difficult to like uh know the details until you actually start using
something so lev i really like what you're doing and i want to throw it to Konexa, but before I do that, I did get actually two messages,
which tells me that I did not do a good job here. I had two messages, the same thing.
What is Farcaster? So I think I take for granted that everyone must know what Farcaster is.
And also what I've found is guys like DRB and the Grok coin that was created by Grok,
it has without question brought more users who are not, and Banker,
and the ability to use Banker on the timeline really eliminates complexity of interacting on chain.
And there are people that own this coin or are interacting with Banker that they don't know anything that we do.
They are like day one people.
So I think I need to remind myself that as well.
But I'm not going to go into a deep detail on Farcaster.
We could have a whole space on that.
But I'll just say what I think about it.
And then Connex, I'm sorry, I'll go right to you.
So the way I view Farcaster is it's decentralized social.
X is centralized social.
X is a corporation.
Everything goes through X.
All the moderation, if they want you on the platform, if they don't want you on the platform the rules etc so farcaster is a protocol
decentralized social where you can register for farcaster and the first client that was built
on farcaster let's say client is an app just just like X is an app, client is an app.
First client was built on Farcaster is Warpcast.
And Warpcast, the easiest way to say
is it's kind of like a Twitter clone.
It looks similar to X in Twitter,
but it is crypto feature rich.
And from everything from interacting on chain,
right on the public social feed,
to the FID, the Farcaster ID that you get when you sign up.
You keep that with you forever.
And I'm going to give you an example of why this is cool.
So, okay, Warpcast is the client that a lot of,
or is one of the clients that folks are using to post and interact on Farcaster.
And you have a number, you have followers that you have there.
Let's say if the CEO and founder of Warpcast, which is a client on the Farcaster protocol says,
you know what, that Emily guy, he's been posting a lot about DRB. And you know what,
I don't like Grok. Grok is just, I don't like that. I don't like that agent. I don't like that
coin. I don't like that Emily's posting about that that agent. I don't like that coin. I don't like
that Emily's posting about that. And I'm the one who is the owner of this protocol, uh, or is the
owner of this client. And I don't want him on our app anymore. He's broke the terms of service. He's,
we're going to get them off. So I get kicked off the platform, man. If that happened on X,
I would just be devastated. Like, man, I built this account for so long and I just
got rugged. I have no recourse, no diligence. I can't get this account back. Like I just got
rugged. That's it. Um, no due process, all that stuff. Well, if you're dealing with a protocol
and you're on a client like Warpcast, maybe the guy at Warpcast doesn't like
Grok and me, but there's several other clients that you can use to access the Farcaster protocol.
So, you know, an example is like Supercast is one.
It just taps into the Farcaster protocol.
When I sign into Supercast, I bring all of my followers with me.
When I publish an article on Paragraph, you know, written article on paragraph, I could publish
that out to, you know, all of my followers.
Or when I open up the app called Interface, which I mentioned earlier that I'm following
along the banker wallet and I look for social clues of who's trading what, I'm able to use
my Farcaster, you know, connect with Farcaster for that.
So there's several different clients and different things that you could connect your,
or I guess I'm going on and on.
Decentralized social, you can take your followers with you.
You can't get rugged of your followers.
And I'm telling you, if you like crypto and you like social, it has gotten so good.
We've been there for a little while, a lot of us.
The last two months, what they've added, they added an embedded wallet.
And if you post like a ticker symbol, you can click on that ticker symbol and it pulls up an entire profile right there in the timeline of the ticker market
cap top holders top holders on the app like so who's on the app that holds it it is it is such
a it's become so good um and uh so yeah if you for the people the two people that messaged me
i'll i'll get you an invite um when the space is over I'll send you an invite if you want to get on. And I love it. And again, Clanker and Banker do not exist without Farcaster. That is where they
were born. That is where we used these products for quite a while prior. And then, just like the
Beatles over in Hamburg, Germany, getting their 10,000 hours in, eventually it was time to come
to the States.
And Clanker and Banker came over to X, and they were already stars.
They were already battle-tested.
They already had a user base of folks like me and others, and that's that.
So sorry for keeping you waiting there, Conexa.
No worries at all, man.
I always appreciate your insight.
But I actually think Kieran was up next before me. Oh
Kieran
What's up everyone? Yeah, I'm so stoked to have DRB. I fucking just have have had my whole mind shifted like towards
Changing like how I build my products right? I think with my Minecraft server
I was like yeah, this Minecraft server is the Minecraft server but I see this huge
ecosystem growing of people deploying tokens and there's gonna be so many
tokens and it makes you realize it's better to provide value for all these
tokens and I want to create apps that do that and if anyone else is creating apps
that do that I love helping new builders grow. Drop the follow on me.
I'm fucking here to help everyone grow together.
I was going to talk about listings.
I don't know if you guys knew, but a couple minutes ago, we had Keycat just got listed on Coinbase assets.
That's a huge win for not only Base, but just DRB, right?
We're a huge meme coin and sing a meme coin win.
That's a win for base
i'm about to open up the discussion ask what you guys think about a drb listing maybe i didn't see
that around keycat so that thanks for thanks for sharing that um and that is awesome and the base
team has been incredible and uh they've been insanely supportive of all the stuff that we're doing on farcast or base
you name it like they are helping us and um and and they're supporting and they they care about
what we're doing and uh it's been really nice to see that and uh it makes you want to keep going
um if you're not getting like support from the top and you're kind of pushing hard it's
it doesn't feel as good but i will tell you um the base team has been has just been tremendous in support you know there's i don't
work for the base team i have no financial incentive to talk about base except for whatever
i decide to do with my own money um and they don't have to support the things that I'm doing or anyone's doing, you know, but they are.
And they really are.
It's been really, really, really nice to see.
So congrats to KCAT.
That is fantastic.
You know, that's a base meeting that folks have been excited about for quite a while.
In terms of, Kieran, you mentioned that your question was like DRB listings.
In terms of, Kieran, you mentioned that your question was, like, DRB listings.
Look, obviously, the best answer is I do not know.
Then my theory is that every single centralized exchange is going to list DRB, the Grokcoin.
Now, please take that understanding.
I do not know. But if I had to make a bet or make a guess, I would say every single centralized
exchange will list this. There are too many things going for it. I think that narratives
like this do not come around often. That's why I'm so excited about it.
I've shared this story with so many normies, and they're fascinated by it.
The type of normies that are like, get out of here with your crypto stuff, Emily.
Like, I'm not interested.
It is a fascinating one.
And it touches so many.
It is really, it's like the ecosystem play of ecosystem plays.
It touches Clanker.
It touches Banker.
It touches Privy.
It touches Grok.
I mean, just think about that.
And then, obviously, all of that is just qualitative stuff.
The scalability and virality of something like this is is i mean i would challenge them
name something else that you've seen that has the potential scale and virality of grok
creating a coin i i just can't find one and not even creating a coin that's part one grok having
a wallet that's growing by the day like i just don't know i i don't know so i think the
so that's qualitative stuff uh like quantitative look i mean this thing is across social metrics
extremely high if you go to apps like checker um checker.social is badass it's and it's very early
too i think it's something to keep an eye on if you like to look at data.
It's crushing on socials.
It's crushing on Nansen in terms of new wallet flows.
Volume, $150 million in three weeks.
I had a friend say, I don't know if this is a friend, but, man, you know, this would have been at $250 million right now if this was
on Solana, Emily. And I was like, well, thank God it's not actually, because like, if it was,
it's not real. It's all BS. It's all pump. And then it's like, you end up right back where you
started. And I'm just not interested in that. So yeah. Anyway, I think it's right where it's supposed to be.
Grok, this is recorded.
Grok chose base.
So I'm just saying, you didn't choose that.
You guys made him, do you?
I'm just like, guys, Grok's a base builder.
So I think that every centralized exchange is going to list it.
Again, I want to clarify, that is a guess. It is a prediction. I'm basing some of my thesis on that being a high likelihood. And you don't have to. You could say I'm full of it or the things I'm saying don't align with your thesis think, I think it's going to get listed. I think,
you know, if it doesn't, I just wonder if it's like a major missed opportunity and like, there's others, always opportunities. I get it. And your base is going to be fine. Coinbase is going to be
fine with or without Emily with or without DRB. But when you get opportunities of this type of scale,
this type of virality,
I almost think it's like,
it's like incumbent.
It's prudent to act quickly on them.
And,
and,
you know,
there's no team.
It's not like,
well,
this guy did it.
There's no team allocation,
whitelist,
blacklist.
It is,
it's very, very clean.
The protocol is very well defined.
If you want to learn about it more, just go check out the Clanker docs.
I know no one reads the docs, but a lot of the answers of what's happening there are right within those docs and how things are set up.
So, Kieran, I think it's a high likelihood.
Um, there are people that disagree with me on that.
And I just want to say that.
So like, and maybe they have a good reason, uh, why, but that is, that's my thesis.
I named all of the qualitative stuff and then you can't hide the, like the volumes, the
volume, and then, and then you like you like that's and it's on base
and this is so i think i think it i think it certainly should be um part of my thesis is that
it will be and again i want to say like that could be wrong so but that's that is that's where i'm at
and i have to agree with you for the for the most part but i'm gonna say
with 100 no doubt that drB is going to get listed.
Here's why.
That's because Jesse said that altcoins are getting listed, and I put 100% of my faith behind that, man.
I'm not even going to lie.
If he says it, it's going to happen eventually.
I guess the question is when, right?
I guess that would be the question.
Yeah, the question is when.
Look, I don't run an exchange.
I don't work at an exchange uh but i do um i'm very familiar with the idea of capitalizing uh striking when the iron's hot and that's
something that i firmly believe in and you can't do it all the time because it's not always right. But when it's right, if you can and it's big and virality is there and scale is there, you got to go for it.
So, you know, that's that's my stance.
talking about the centralized exchange listings, I was asking Grok if he thinks Elon would notice
that he has a wallet at Banker from the DRB token and has hundreds of thousands of dollars in it.
He said, it could be likely that Elon would notice because he keeps a close eye on his like passion projects. But Grok certainly thinks that if DRB was listed on an exchange,
that Elon certainly would notice that.
Right.
And so that's the bet is like,
that's I want to expand on your prediction and thesis and ask you,
like,
do you think the exchange listing will come first or do you think an Elon
Musk like tweet or notice would occur first? do you think the exchange listing will come first or do you think an Elon Musk,
like tweet or notice would occur first?
What do you think there?
again,
tough to,
tough to predict.
I mean,
Elon's,
tweet schedule and what he tweets.
I don't know,
man.
I don't know,
but I think as the wallet,
as the Grok wallet balance grows, the probability of it being mentioned increases.
So I think there is a very high correlation between the Grok wallet balance and the likelihood of it being addressed, you know, either at X or XAI.
And so that's that.
In terms of, like, you know, what comes first, though, yeah,
it just depends on how quickly, I don't know.
It's tough to say.
I mean, you know, you're right.
And putting a, look, when you get scale, when you get scalable opportunities of this magnitude,
magnitude, when you get virality of this magnitude, you got to shine as bright a light on it as possible.
I keep going back to I don't think I don't I can't think of a more positive headline in crypto since Bitcoin.
And when you put all of the pieces together of how this came together in the Grok wallet.
And it is such a cool narrative in the earliest days of how AI is working and interacting and how these AI agents work and interact.
And it's Grok. So I think it's a huge missed shot
if a spotlight is not shined on this in a very big way.
And I do agree with you.
Look, M. Lee with 100 people in a space
is not going to shine the spotlight on this that is necessary.
It's just not going to.
You need all the help in the world.
I said it on March 7th.
I'm like, this really, I knew it immediately.
I'm like, this has to be all hands on deck.
Like anyone in the base ecosystem, this is such a cool thing.
This is so awesome.
Like, and it touches, it touches so much, so many builders.
It is like the ecosystem play of ecosystem plays so i man and
it's you know it's a clanker contract so we know exactly what we're getting ourselves into
it's uh to me this is like this is this is the one man and uh we will see uh how you know these
bigger centers of influence that really, you know, it's fortunate
and it's unfortunate, but like they can, the bigger center of influences can really help
validate things that are going on. And this is going on and it needs to be validated to the
highest order. And we need to be doing it unapologetically.
Like I said, like some of the people are like,
oh, you're not chilling MF Recoin on the timeline.
What's wrong with you?
You're only talking, I'm like, man, I understand opportunity.
And that's what I, and I understand things
that are very cool and things that I like.
And I am not like, I am not siloed to do one thing or the other in this space.
Anyone that thinks that is like probably like we're just not aligned.
So, Kieran, you make a really like really, really great points.
I just don't know. Like I, the, the listing processes
are like, kind of like, so, um, I don't know, man, I don't know. Um, but what I can tell you is
a lot of things people think about listing processes are actually wrong, um, because
it's very different depending on which coin you're talking about.
You know, I've seen coins that were listed for free by exchanges like Bybit, exchanges like HTX,
exchanges like crypto.com. Free listings, you listings, buy their own supply kind of thing.
So I've heard people say before, like, well, if you go, if you don't buy, but you know,
buy, but definitely charges. I've seen people say, well, no, HTX, they definitely charge.
There's no way that you're like, well, there actually is like it's it's so there's so many misconceptions around like how things exactly work.
And I don't have all the answers either. I'm sure Bybit charges for listings, but I know that they don't also.
So I know HTX probably charges for listings, but I also know that they don't.
And I'm sure that CryptoCom charges for listings, but also know that they don't. And I'm sure that CryptoCom charges for listings,
but I also know that they don't. And I think if there's ever a scenario where you want a coin on
your platform, it's like, oh my gosh, Grok created this coin with another agent and Grok has a wallet
attached to its X account, authenticated by Grok's X account and that wallet is approaching a million dollars.
I mean, to me, it is the layup of all layups. It's the beautiful story. It's the beautiful story.
So, I mean, look, I hope it happens. I know that a lot of normies would buy the coin on Coinbase with this story. I just know it because I've tested it
with the people that don't like crypto.
And they love this.
They think it's just fascinating.
Because everyone's using AI.
Everyone's using AI.
And everyone knows Grok.
And they're like, wait, Grok did a coin.
How do I get some?
Like that's the response from normies
when they hear the story.
I've never been able to onboard normies
as effectively as i have
with the garot coin it's not even it's not even i'm telling you it's not even the same
stratosphere of anything else that i've ever ever talked about
yeah i'm having to stay with you there um my mom my mom and i are both drb holders i haven't got
her to buy a meme coin with me since 2021
when we both rolled Shiba Inu into the dirt.
So I'm going to have to say that that just makes me bullish in and of itself.
And what can I say, boys?
If you can't onboard your mom, who can you onboard?
Yeah, that's what's up.
That's exactly right.
Kieran, you've got a lot of energy, man.
I didn't realize that
yeah i'm on the fucking i'm thinking like 11 miles into this fucking
workout so we're going crazy tonight boys
what's up guys um this is exciting got. Got my Banker Club NFT sub 1,000 subscriber.
It says it's worth $0 in the Banker wallet, which I think is inaccurate.
Yeah, this is like the most elite club.
I'm not really a club guy, but this is the one club I'm very, very proud to be in.
It's better than Soho House, that's for sure.
This is the new Soho house guys um the banker club
top top one top 1000 we're in the entire nft support is incredible um now we can all see
all these beautiful little pixelated and otherwise you know all these creatures in there it's awesome
you know all these creatures in there it's awesome and maybe it's another like great example of like
how quick these things will change like can change people are asking like oh you know you can't do
nfts with banker like can i send an nft it's like well now you can and people like oh grok can't
transact i'm like well grok already did transact grok that is that is fact it wasn't a good one uh someone came by a house with banker not yet
yeah but look i think like the where we are right now you really need to or at least i i really need
to and i've i've i've taught myself over the years to be better at this because i'm you know there's
i i've shared before like there's some times where I'm like, I hear something and I'm like, yeah, that sounds like a scam.
Yeah, no way.
I'm not, and I've done zero work to understand it.
I've spent zero time and it's really like intellectually dishonest and you miss opportunities.
So I think it's like being open-minded and understanding that there is a future that
does not exist yet, that we may have to start like believing that things could
happen believing that things can happen in the future and even if they don't exist yet but like
understanding like what's happening here you know so grok has already transacted on chain that that
capability between grok and banker to interact with each other to make those
transactions had to be paused because at the current state of Grok's development and Banker's
development, it's not safe. People can like steal from it. So, but we already know it's possible.
So to think that that won't happen in the future, I think is like, I can't tell you it will,
That won't happen in the future, I think is like, I can't tell you it will, but I can tell you it has.
And I can say, I think my vision is that it will.
And just listening to our friend who dropped down there, Chris, these things are all going to have wallets.
And let's say Grok has its own wallet.
That's not the banker wallet, and that's not going to be Grok's dedicated wallet.
And XAI puts them together.
And Grok is starting to transact on chain I feel like in that scenario the funds that are currently in Grok's banker wallet will end up in the wallet that Grok's transacting from like those
are Grok's funds so I think we just have to be comfortable with like perhaps uh envisioning a
future that doesn't exist yet but knowing like the technology is there and things will change.
And look, crypto has humbled me more than anything ever.
I'll be humbled again.
So I'm not saying I'm right about this, but like that's that's why I love the industry.
If I find if I'm in an industry where I'm right, like 90 percent of the time, I'm going to find something else to do because it's not that's not that interesting to me.
So that's why i love this you know they say amli it's hard to predict things especially in the future i'm gonna jump to listening thank you thank you love what's up connects
yo what's up guys so many base chats in here.
I just kind of want to comment on the listing for BRB.
I feel like most of the fud that comes from that is, like you mentioned, like the Solana crew, especially like the Cabal, KOLs.
I love to just repeat the narrative of no one holds enough supply
to give to a centralized exchange or anything for listing.
Yeah, because they're used to holding 30% of the supply and carving that out in a marketing
budget, and we're going to give some to this exchange, that exchange.
That's not how this works.
And that's also why I think it has the fairness of launch and how that initial supply is distributed
through the liquidity pool. It does create a fair launch.
It doesn't mean that there aren't snipers and things like that, but it does create a fair setup for deployment.
And anyone who currently holds DRB coins, except for those that are tied to the LP fees, so Grok, as the creator, gets creator rewards.
And then the protocol and interface,
the protocol being Clanker, the interface being Banker.
So they've built positions in DRB without buying.
But anyone else that holds this coin
either bought it themselves
or had a friend who bought it and sent it to him as a gift.
But all of these coins were bought.
There's no team allocation, no KOL allocation to dump on you.
This is pure.
And that's how all Clankers are deployed, which is great.
I think it's a really good setup.
So, yeah, man, I think the chances are good.
But, again, we'll see.
Yeah, and Emily, I was going to go back to kind of that exchange listing and
you know the debate on oh you gotta pay a fee to get listed and i'm totally 100 with you that i
think the fee is you know 100 000 you know that i've seen kind of touted around that money is
like nothing to exchanges you know these exchanges have billions and billions of dollars they just
want the transaction volume
and the fees associated with transacting on exchange i don't know you know for any newbies
that are in here um you know there's some charts i could name like go look at xcn and look at i mean
it doesn't even have a product it's on coinbase um and it ran up like 30x, 40x prior to a listing, right?
And that was just all accumulation by all the various exchanges, right?
Look at Cookie Dow.
It's down a lot from its all-time high, but the first major spike of like a 46x,
that was all Binance accumulation for the Binance listing.
And then it had another sharp spike right before the Coinbase listing.
So these exchanges, if they see that there's interest and virality there, for the binance listing and then it had another sharp spike right before the coinbase listing so
these exchanges if they see that there's interest and virality there they'll go out and just buy the
token that they need for the liquidity and then list it i mean they don't need a hundred grand
you know as a fee like that's not their really their revenue model you know exactly that i think
a lot of that fee flood that comes in is like pump fund, so a lot of kids that just shit coins.
They're going to get their pump fund coin onto a centralized exchange after
they ran it up to like a 50 million market cap.
The exchange is obviously going to want a giant stack of that supply.
They're not going to go and buy it at spot value off the chart.
So they have to maybe give over 50 K worth of tokens to the exchange to get
it on there.
And that's what they consider like their cabal fees
Yeah, and it's that's it's it's really like token dependent if it's you know if it's something that yeah the
The grot coin is is not going to pay listing fees. I will tell you that right now
Like drb is not going to pay listing fees to be tell you that right now like DRB is not going to pay listing
fees to be on exchanges like that that will not happen or it just won't be on
exchanges but I again I think it I I think it will be on on every single
centralized exchange so that's that's that's my look at the bold thesis and
could be wrong but based on all of of the things that I've shared, both qualitative and quantitative, that's why I think that way.
So if I'm wrong, it's okay.
I'm not just making stuff up.
I'm pointing to all of the qualitative, like scale, virality.
I'm pointing to on-chain, volume, interest.
Based on all of those things, that's what i think is going to happen
if you if you don't think that's going to happen that's okay but i also want to
like protect my thesis if i'm wrong it's like hey well i was wrong here's what i thought and
then you could like assess where i got it wrong but um you know it's this is not uh
yeah it just is what it is, man.
Hey, and I'm going to actually step down to the listener,
but before I go, thank you for having me up.
You guys, a lot of fucking base chats up here.
I'm dropping an NFT project next Friday on base for an app I'm building.
If anyone wants any whitelist for a free minute,
just slide in my DMs.
I got you.
Anyone here, even listeners.
Nice.
Thanks, man.
Thanks, Konexa.
Appreciate that.
And we went to Kenan.
Hey, Bord, how's everything going with you?
You had a nice space the other day.
I joined in.
I was working, but I tried to listen a little bit.
Yeah, man.
Appreciate it.
It was good. It was good.
It was fun.
It was just like hanging out with people like this, giving away free money.
And it wasn't your typical, like, give me money.
It was, I want you to give money to someone else because they're awesome.
So that was pretty refreshing.
And, yeah, I mean, I think with Banker overall, like, you're just seeing a lot of people taking advantage of how easy it is to send people money and just, like, reward them, you know, not through just, like, regular engagement.
But as I said on that space, monetary engagement.
I think that's pretty special.
So, yeah, I love what i'm seeing i mean to me this signals better
user experience easier onboarding which means and this kind of goes back to the previous conversation
um potentially the end of the power that that exchanges have you know because the exchanges
have eyeballs and they have users because a lot of people are too scared to use decentralized applications. But if using, you know, crypto is as easy as like, I'm going to send a message on X,
that solves that problem. And then that, you know, the consequence of that is you don't have
to pay 10 or 20 or 30 percent of your token supply to Binance to list your token, which is insane.
And I would never do that. And like,
if you think about the most antithetical thing to what Satoshi was thinking of with crypto,
that would be it. It's like when companies have to pay Walmart or Costco to have their products on their shelves. Like that's the old world. It should be the other way around. Like Binance
should pay you to list your token because they're going to get a shitload of fees for the exclusivity.
So, yeah, I mean, I think what we're seeing now
with this just drastic reduction in learning curve
for how to use crypto is going to accelerate.
And I think it's going to bring us closer
to what this is all supposed to look like,
which is decentralized.
Yeah. And you've, Board, you've been over on Farcaster and you saw a lot of the stuff going on there.
And as I've been watching you with CoolToken, you're distributing that in a social way.
way. And a lot of it is like clues that we got on Farcaster, you know, two years ago, a year ago,
on like some of the earliest days of like social distribution on a timeline of a coin.
And now seeing that, you know, you have a big account and a lot of followers, like seeing an
account like yours, like bring that to X is like, I don't know if you were inspired at all. I just
know you've been on Farcaster, you know, the story and you bet you, you saw all this stuff happening. So I guess it's, you know,
we, we learned from those things, but yeah, like seeing how you've been doing that, it's like,
it's, it's such a bigger scale than what we were doing on Farcaster. But
a lot of those are like maybe clues that led to success as well.
Yeah. I mean, it, it all inspires, um, you know, one thing inspires another. And I think, for me, like, Farcaster as a technology is incredible. I invested a very small check into their last round. Like, I, I love the idea of decentralized social just because, you know, when you build a lot of equity in a, in a handle or whatever, a profile that is not owned by you, it's scary, right?
So I like the idea that on Farcaster, I've got 40,000 followers, and no matter what DWR thinks of me, I can keep my account.
If Elon decides tomorrow I'm not funny and he cancels my account, that's a huge cost to me, right? I mean, that literally will probably cost me
billions of dollars over the course of my life if that were to happen. So I love the technology
of Farcaster. I think they have continued to have some challenges with just network effect and growth.
And so to see that type of activity spill over onto X is awesome because, you know, hopefully
that brings more people to Farcaster
because they'll want to do even more than what they can do on X. But, you know, the reality is
like the normies are going to be on more accessible social platforms. And then to be able to like
build something on top of X that doesn't require any weird, you know, Chrome plugins or whatever,
but like just uses natural language, that's such an unlock. Like I've studied
the sort of the micro tipping and transaction space for a very long time. I've tried building
the solution has always been like, let's build a layer on top of, you know, a social platform.
And it only works if everyone has that thing installed inside their browser, which never
works. Like that has never successfully worked for any any type of business that tries to sync a social network with with monetary functions
but like what you know what all these like apps like banker have done is it really is integrated
like it literally is just using the api connecting it to the monetary side um and it's done it in a
way that i think no one's been able to before. So
yeah, if Twitter starts to move towards what Farcaster looks like, and Farcaster starts to
move towards Twitter in terms of like, you know, network effect, it's going to be good times.
That's incredible. Yeah. Our buddy Lev, who was up here, he explains this like in such a good way,
and I've used it and stole this from him pretty much
like everything you know you learn from other people but he talks about the cold start problem
um and you know and relates it back to to banker like the cold start problem is okay like board
um you know board launches cool through banker on the timeline and a user is like, Oh board, you know, I, I, you know,
I subscribed to you. I love, I want, I want to get the cool token. Like, how do I, how
do I do that now? Go back six months board is like, Oh fuck. Okay. Let me, let me walk
you through this. Um, do you have a Coinbase account? No. Okay. Good. Go get set up on
Coinbase. Let me know when you're set up. Okay, I'm set up now.
Okay, buy some Ethereum and, you know, just use your Apple Pay. Buy Ethereum.
Okay, now copy the address to your banker wallet. Or I said this was before banker. So copy the address to your MetaMask wallet or your Coinbase wallet. And now you can send those funds over.
Oh, perfect. Okay, I bought it. It looks like the funds are there okay I'm gonna send them over oh but before you send them don't select
ETH mainnet in coinbase as you're about to send me have to select base because
they're going to the l2 what's an l2 we'll get to that another time but just
send it over so you send it okay all right the funds are my metamask and I
have now what okay now you can swap theTH, and you can do it right inside your wallet. So you can swap the ETH. Just go to the ETH, hit swap, type in DRB. Okay, DRB, I see it right there.
Are you sure it's the right one? How would I know? Hold on, let me send you the contract address.
Okay, let me send you the contract. Okay, paste that. You know you'll get the right one. Okay,
perfect. Got it. Okay, I made the swap, made the swap and a board. I just got your cool
token, but I don't see the cool token in my wallet. Nothing happened. And then board says,
Oh, you know what? You just approved ETH for the transaction. You actually didn't swap. You have
to do two steps. You have to approve your ETH first. Now you can, now you can swap it. So let's
go back, go back in and do that again. Okay, perfect. Got it.
I've got my cool tokens.
So the cold start problem is go back to the same thing.
You got bankers, some support.
I saw what you did.
I want to get some of that.
This is awesome.
Board says, you know what?
I'll just send you $10 of it right now and just tags them.
Or if Board wants to walk him through the process like he did six months ago,
says, yeah's here's what
you need to do i'm just going to send you some gas like i'll or i'll send you 10 bucks in eath
now just on the timeline just type tag banker and say banker buy me 10 of drb token paste the
address okay there you go it's in your wallet now it it's done, over with, there was no signing of a, there's no
transaction signing, no transaction approvals, no sending from mainnet on Coinbase or on the
exchange to base and making sure you get that right. And you don't have to download the wallet
extension. And I mean, the list goes on and on forever. Since I knew what crypto was,
everyone always talks about like, we are going to make,
this is the future of finance. We're going to make transactions so simple. And that's the key here,
just simple transactions. That's what crypto is going to do. Literally in all the years,
I have not had many simple transactions until banker. Banker is the simplest way that I've ever transacted with crypto ever.
And so all of these, like, everyone's like, we've got to find, like, we've got to transact easily.
Well, here it is.
Like, it's here now.
And it actually does so much more.
And there's so much more you could do with it.
So it's just, it's so great.
What's up, Koma?
Did I disconnect?
Yeah, you're there.
What's going on, man?
Oh, man, nothing much.
Actually, I had a question for Bored.
I know you mentioned Fartcaster and Twitter.
I'm just curious, on a day-to-day,
are you posting what you post on X to Fartcaster,
or are you independently posting whatever you want
on Fartcaster and X separately?
Yeah, I've tried all different versions of it.
I've gone weeks where I've posted the same stuff.
But honestly, I post on Farcaster a lot less frequently, and it's usually a lot more crypto-focused.
And I am trying to differentiate it.
So I think I would like to be more present
and just engaged on Farcaster.
And I have moments where I'm very active.
I remember a few months ago, maybe, or maybe more than that, when it was like really booming, I stopped using X for a week.
And I only used Farcaster.
And that got me pretty addicted to it.
But yeah, I think the move is like farcaster is whether you like it
or not a crypto native platform so i think it just makes the focus makes sense to focus your attention
there if that's not already like you know i know a lot of you guys probably only talk about crypto
on x uh on you know on my end it's not how my account started it's not what i only want to talk
about so i think that's the big differentiator is, you know, have different content in different places for different audiences.
Yeah, that makes sense. Yeah, I've been trying to balance out the Farcaster thing and it's so hard, but it also feels like there's a lot of people that are like base or Ethereum and like that community is pretty strong there.
is pretty strong there.
But I just look at other bigger X accounts
that are in crypto,
but they have two followers
or they're pretty much dead on Farcaster.
So I'm trying to see
how people that are successful are doing it.
And I guess, I mean, it sounds cliche,
but I guess it's like consistency
and maybe just leverage Banker as much as possible.
I don't know.
Yeah. I think in terms of growth on Farcaster,
it's very developer-heavy.
If you're sharing what you're building
and experimenting with it,
that tends to grow your account quite a bit.
It is a bit EVM and base-heavy,
which I don't think is good.
I think it needs to expand beyond that, but that is of the the focus like that that that's the that's the club at high school
you're you're sitting at the base table basically if you're at farcaster for now and i think it
needs to grow and they're cognizant of that cool yeah i didn't want that uh derail the whole
conversation to farcaster but i was just like Ford was talking about it. So I really liked that idea of like, if you ever lose your account, you could always take your followers with you to another one.
So yeah.
I do believe Emily just disconnected.
So I guess I'll talk about the Banker Club NFTs.
Did anyone notice that they received those?
I was looking and I was wondering, was that the real one?
Was that the real one or was that like a fake one?
Because if that's real our nfts are
like 0.3 already if you got the yearly that's crazy who got the yearly i got the yearly to be honest
boys i think we lost all the speakers well i'm here yo i got mine oh what's up I got mine I signed up for the monthly
because I'm an idiot
and didn't realize
there was a yearly
I'm trying to sign in
for the yearly
I've just been having problems
I think I got it
but it was on another account
I'm trying to figure that out properly
but it's uh
it's happening
if it didn't happen
it's gonna happen
the yearly is what I'm getting
it's best to get
grandfathered in
I got the hold that shit boys I got the yearly and I I wanna say I was like of what I'm getting. It's best to get grandfathered in.
I got the... Hold that shit, boys.
I got the yearly, and I want to say I was
in the 980
count.
Basically, I was very, very close to not
getting it, and I was on the Discord,
and I asked, what count are we at?
And they're like, I think there's 20 more spots left.
So I just pulled something.
I need to go switch up right now.
Dude, when I clicked to buy that and...
