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BUZZ BITCOIN Ep.42: ORDINAL SZN
Recorded: July 24, 2025 Duration: 1:01:21Space Recording
Short Summary
In a recent discussion, crypto enthusiasts explored the evolving landscape of token launches, market trends, and regulatory impacts on stablecoins. Key insights included bullish predictions for Bitcoin and Ethereum, the significance of the Clarity Act for liquidity, and the challenges faced by projects amid regulatory scrutiny.
Full Transcription
Thank you. I don't care about this
You talk too much
About me, you make days up
About me now, but it came up Without me, bro, people need love Oh Oh Oh I don't really care about this And I don't care to waste a minute
You talk too much
Call me you make days up
Call me you talk too much
Call me you make days up
Call me tell what it came up Oh, I'ma roll one up Get cloudy when my pockets wasn't up
You wasn't round me
Round me, round me
Why you won't roll one up?
Why you keep calling my line?
Girl, you used to keep it G, but I don't need to smoke them weird chew
Drop top poop, girl used to be my boo
Now you see my brand new thing
Wishing you was in our shoes I don't really care about this, and I don't care to waste a minute
You got too much, while me you make things up
Look while me you got too much, while me you make things up Oh Oh I got one more, I got one more.
But like, retweet, comment, oh, oh, yeah. She just wanna dance.
She don't wanna romance, no, no.
Nothing too serious.
She more like nobody watching.
She's the life of the body.
And I really like the way that she put, put, put, put it on me.
It's the way that everybody's talking.
Ain't even got sweet.
Come along closer and put, put, put, put it on me.
Let's go drop me low low.
I need some more, more, more, more.
Let's go drop me low, low, low, low, low.
Let's go drop me low, low.
Drop me like whoa, whoa, whoa, whoa.
Let's go drop me low, low, low, low, low.
Can you pick it up slow like this? Turn around real quick. I'm trying to see what you're working with.
Can you take it to the ground like this?
Can you pick it up slowly?
Turn around really quick.
I'm trying to see how you're pulling.
Nobody watching.
See the lights for the body.
And I really like the way that she put, put, put, put it on me
That's the way that nobody's talking
Ain't even got me
Come along closer and put, put, put, put it on me
Let's go drop it low low
I need some more, more, more, more
Let's go drop it low low, low low, low low
Let's go drop it low low Got me like wow, wow, wow, wow Oh okay okay i think we're good welcome buzz bitcoin episode 42 it's ordinal season uh i'm
anti ordinal hive we can go and you know we're doing it uh i got you goby shizzy norbert fonzie
alpha gamer and probably some more people throughout the space gonna pull up uh i just want to remind everyone go like between
comment uh we're giving away uh two monster zoku guaranteed whitelists and uh you know like based
on market sentiment i've been seeing things meant out so uh definitely want to go you know like
enter for that just interact with us uh and you'll be you'll be good for that but uh yeah uh i guess
um well first i
want to thank everyone for coming through we've been doing this for almost a year right like we're
10 weeks away from from a year which is crazy fonzie love it and um let's see let's see oh
yeah i guess we'll just throw it over to you go be like i usually do you go be how are you doing
how's the podcast and uh like how are you feeling with the market right now? Yo, what's up, everybody? Glad to see a lot of you guys in here, familiar faces and some new ones.
Yeah, so the market is definitely, you know, felt really good.
I'm a little, I'm talking about the broader market a little bit, like with Ethereum.
I think Bitcoin is either ramping to kind of take
another leg up here to finish the month or we might see some drawback leading into August.
If that's the case, then Ethereum might have a little pause here. It's hard to really see what's
about to happen, right? We do know we had a strong push up here. But the one thing that's interesting is a lot of these mid caps and stuff, you know, specific ones here and there are starting to heat up a little bit, but then took a little step back.
Right. We saw runes thrive.
It's a good feeling, but it's also probably we're going to see some pullback here.
I don't think it's going to be like the pullbacks that we saw in the first six months, though. I think it's going to be more of a breather,
kind of a healthy correctional type of pullback. I don't think 3100, which some people have been
saying that have channels, YouTube channels and stuff. I think more like, you know, if we hit in
the 3400s, you know, high 3400s, something like that would make a lot of sense to me. We'll see
what happens. Other than that, we're just really focused on being able to, you know, highlight Bitcoin
ecosystem projects and, you know, the positives of crypto and obviously report the news.
So, yeah, that's pretty much it.
I'll pass it over to Shizzy if you have anything else.
Yeah, same, same.
I mean, just really bullish, like always.
I'm like the perma bull here.
I can't be bearish even when I should be, is you know a blessing and a curse right um but yeah
i'm still gonna stay bullish i'm still thinking 700k by next may bitcoin um i'm actually getting
even more bullish on ethereum now my target for ethereum was 16 to 18 000 i'm thinking
right now they're just buying like hand over fist to stake it right and if we
get 70 of all the ethereum staked i mean it's gonna be insane and like i said before uh bitcoin
is no longer the leading indicator for crypto we've noticed that because crypto doesn't move
when bitcoin moves but crypto moves when ethereum moves so everyone's watching ethereum right now
and waiting for that next move a A lot of people bullish on Ethereum.
I've been listening to a bunch of morning spaces and just other sources, and everyone's super bullish on it.
So great takes. Great takes to go be shizzy.
I want to turn it over to Norbert.
Norbert, welcome back after a couple of weeks.
How are you doing? How is your project going?
How do you feel about the space? yeah like what's up yeah gmgm thank you for having me back as always yeah been a kind
of hectic couple of weeks let's just put it that way and i think that's what it looks like for for
many projects as we're heading into q3 or finishing q3 uh rest of the year but you know besides that
i think it's been kind of interesting looking at
from the product side of things from our side from newbit but also you know had a chance to like kind
of step into like solar and ethereum when it was down so i think i'll talk with you guys about it
or talk with you anti about it but i think it's interesting to see how bitcoin has been just as
always like super resilient um and i i fully agree with like
what you're going to be said i think it will be interesting to see like let's say all season or
like with ethereum solana and all the other majors were performing um it will pull the market back
up or be going a little bit lower um what i'm excited about really is adding into
fall really with the Clarity Act
will definitely bring some more liquid
into the market I think what
Genius has passed officially
definitely helped the broader ecosystem
or broader crypto scene
but Clarity will definitely
benefit all these kind of Ethereum, Solana
and or anyone else with
kind of an altcoin season
to pump some liquidity
into it so i think that's what i'm excited about and we'll see some some more more events happening
you know short term no one can predict anyway in my opinion um but i think heading out for the rest
of the year or remaining of the year we heading towards a good direction so overall positive
sentiment from my side yeah i love to hear it
love to hear it fonzie how do you feel how do you feel about um like what's going on how do you feel
about maybe like the like on-chain like ecosystem also like yeah what's going on yeah a couple of
things um i'm actually 16 60 18k theory the cycle seems really bullish It seems like we haven't gotten in much as we need to.
I think that's a pretty good metric.
And if it can be more, even better too, right?
I do see Ethereum potentially going up.
I do see Solana being Ethereum this cycle for the previous cycle.
But just overall, the on-chain today seems to be good,
at least from the Oran side of things as well.
And then it's picking up, right?
You're seeing Surf. I think you're seeing it rotate a bit as well into other altcoins i think a lot of people
and people i'm talking to as well like they're saying they were a little surprised that the alt
season was was here as quickly you had like xrp run up um just past couple of days and you also
had like obviously solano run up for a bit as well so there is definitely lots
of market movements all across the board and i think there's you know individuals trying to look
for like the next you know 10x whatever but um from the bitcoin ecosystem i think it's pretty
good too like you know you're seeing kind of a lot of much more attention there's mints happening
all like you know game into the house well so that's always great indicators and obviously when the bitcoin price goes up the mints or the collections the
price of the orders go up as well so that should definitely attract more eyeballs into the eco
yeah amazing and we're definitely going to talk more about like uh the ordinal space and just
what's going on on bitcoin on chain later on but i want to throw it over to our resident uh in-house quant
alpha gamer welcome gmgm thanks for joining us uh yeah what are your takes on the market how
are you feeling about things what do you see yo good morning everyone uh am i am i rugged
no you're talking about one bar okay um yeah i'm currently uh looking at the ocean right now
looking at the water on the beach.
It's a beautiful day.
That's why I was wondering if, you know, my connection is even working out here.
Um, yeah, that kind of sums it up.
Uh, you know, it's peaceful.
There's no crashing waves.
You know, that's pretty much how the market looks right now. And actually, I agree with Yagobi
about the pullbacks that we're seeing now
are not as significant.
We're not seeing these massive pullbacks
or drawdowns or whatever you want to call it.
It's more like, yeah, like a breather,
more like scalpers, right?
Like we're pumping up and we're only drawing back
to like the five moving average, really, you know, five
or even the 10, right?
So typically whenever you see that on the charts
where it's hitting the 10 moving average or 12 and people are buying
it up that's pretty bullish um the fact that we're not coming down to the 20 you know because because
even a 20 moving average would be like a typical like full profit you know what the traders do
so the fact that they're buying this up at 10 uh it's pretty bullish for the trend movement of where things are going.
And really the Ethereum, from what I've seen, the Ethereum, you know, momentum,
ever since Tom Lee, you know, went on CNBC. Oh, sorry about the wind. By the way, I'm on the
beach. So ever since Tom Lee pretty much went on tv and started you know
basically he said he's you know his bit mine company um is pivoting to ethereum uh you know
that's ever since then really ethereum has been pumping right you can actually probably chart that
and see you know pretty much tom lee is probably responsible for Ethereum pumping like this.
And I think it's going to continue because, you know, it really is, you know, undervalued.
I mean, you know, you look at the Ethereum PTC chart, right?
And you can see that, okay, yeah, that probably marked the bottom.
And as we all know, right, you know, Ethereum is the king of alts.
So if Ethereum is moving, it makes sense that all the other ones are going to move also. But I have noticed that Solana dominance has also ticked up.
So to me, I don't know if you guys have saw that, Yagabi and Shizhi, the Solana dominance
and Ethereum dominance charts seem to be moving.
And actually today I saw the XRP dominance even is starting to tick up. So, and typically when
dominance starts, or actually when the Bitcoin dominance started crashing, whenever I see that,
I look to see, okay, what chains are going in the
opposite direction? If Bitcoin dominance is falling, which ones are going up? And that was
Ethereum and Solana. So I wouldn't be surprised to see those two chains, you know, start outperforming
the rest of the market, which is kind of indicative of what everyone else here
was talking about too. Especially when we got Tom Lee, right? Because he's got a lot of attention
lately because for years now, he's been calling for Bitcoin to go to 100K when it was like at 20
and 30. So that catches a lot of the investors attention
um you know because he was right so now that he's pivoting to ethereum of course they're gonna you
know put some money into that and also because we have the ethereum etfs it makes it real easy
for these big big whales to you know move large large chunks of money, you know, you know, pull some profits
out of Bitcoin, rotate into Ethereum. They're going to hit profits in that. And it almost
seems like the institutions are doing our rotation, right? Our typical crypto, you know,
Bitcoin first, Ethereum, large caps, mid cap, right? It's, it's almost like the institutions are doing that now.
Um, but, but I'm still a proponent of the whole, uh, crypto stocks. Um, if you don't have a
brokerage account, um, you're, you're kind of missing out on all the action here, you know,
or, or even, you know, now that, you know, stocks are on cracking, um, youken, the whole X stocks, I think they did like 300 million in volume just on those alone.
And those are the tokenized stocks that are available to everyone now.
So it's almost like you don't even need a brokerage account, but even though that is like direct access to the TradFi markets.
So we're really seeing a convergence of all markets, right?
DeFi, centralized and TradFi kind of all converging, right?
They're all kind of mixing together now.
But DeFi, I haven't really seen anyone really talking about DeFi.
But DeFi, I haven't really seen anyone really talking about DeFi.
And, you know, I have this feeling that DeFi is going to start skyrocketing because of the Genius Act, the stablecoin bill, you know, and the interest.
Like, you're not going to be able to earn interest on stablecoins here pretty soon.
And I think that's all just going to rotate into defy and yield i think that's going to be the name of the game um especially for all
these these you know like i said all these people who have money right because if you have a million
dollars and you can just throw it in something and earn seven percent ten percent you know with
with basically no risk.
That's kind of where I see these big whales moving a lot of their money.
And that's going to be, you know, integration into DeFi products and also the banks.
Right. You guys have all seen, you know, J.P. Morgan, Citibank.
All these big banks have already said that they're coming in, you know, and that's and that's not even including Coinbase has filed for their bank license. And like I said, all these exchanges now are going to, it's all going to become one big
basket. And at the center of all this is Bitcoin. So all roads lead back to Bitcoin.
right so all road all roads lead back to Bitcoin you know it's at this point I'm
kind of following you know shizzy about you know just how bullish I am on Bitcoin
where it's pretty much a no-brainer at this point yeah that's almost a
guaranteed profits on that that's an easy call but if you're trying to make more than Bitcoin,
that's where you're dipping your toe or your foot
into the other market caps to get those gains.
I love the takes.
Love the takes.
A lot to unpack there, actually.
But I kind of want to focus on the genius act
for just like a second. Because i've heard a lot about it and i'm sure like i'm not
alone here but like a lot of people in the audience like also i just don't know what's going on
uh i saw norbert putting up hundreds like i don't know norbert would you would you be like willing
to like let us know like what like what it's about or like just like top like bullet points
like you have to be too specific or else like else it's okay if you don't want to.
Just GPT it.
But honestly, in short,
it just regulates the actual crypto industry.
So I think it really just sets a framework
for digital assets
and for any related
blockchain or crypto development.
I think that's maybe summarized it the best way so I think watching what yeah sorry I got I got
like sidetracked I told me I'll ask you about the clarity I got prepared for that
one yeah so like at the end of the day, you know, like the biggest stake was the stable coins itself.
Um, I think we're going to see more and more, um, from the banks actually getting regulated, but also.
You know, it kind of protects the consumer that they, everyone who creates a stable coin or has it, they have to have a one-to-one, um, reserve itself.
And, you know, you're trying to prevent any sort of
fallout that has happened in the past and a consumer or the user should be paid really first
whenever anything has happened in the future you know it's really like just significant step i think
of positioning the us and i think that's what's been I think Trump's agenda as well of actually
positioning the US to be the leader in crypto and I think you know as more stable coins itself have
to have uh have to be backed with actual uh US treasuries it definitely makes the the US dollar
to be one thing you'll be the I would say the the global uh currency okay got it so i'll throw it
over to shizzy because i i i feel he also has some points to add but honestly just to summarize
like it's just like framework like one-to-one backed so there's no ftx and like america is
is like number one kind of but but yeah shizzy go ahead yeah so basically i was actually doing
some research just today and um there's a few different things in there that i i really enjoy
the first one is really um you know basically they're they're telling every stable provider hey
the best asset for you guys to hold against these stable coins is actually bonds so you're going to
see a lot of these stable core providers come in and buy bonds which is you know it helps, it helps the U S we can create more debt, right? I mean, that's the
whole thing. That's what they love. They love creating debt. So this stablecoin genius act,
it actually allows them to kind of print more money by putting more bonds into the market,
which these stablecoin providers, they all want, right? Cause they're, they can earn four. I mean,
right now, 4%, right? So so that's huge and another thing is all
these uh stablecoin people you know i i feel bad for some of them on bitcoin but they're all screwed
because um potentially uh you can get six months in jail for issuing a stablecoin
if you don't um have a license so these uh you know these uh anonymous stable coin providers they're all fucked because um if
you don't have a license you're going to be doing potentially dial time so i feel bad for hermedica
and some of the other ones but i mean they're screwed i mean if you're either going to be
um you know face up you know your mask off your you know what i mean all that stuff showing your
face um fully fully out there or you're not going to be out there at all.
And I'm not trusting a stablecoin that's not out there.
Yeah, Fonzie, go ahead.
Yeah, actually, with that, what he was just mentioning,
I had a couple of questions on that.
So basically, with the stablecoins,
those that are launched on Bitcoin that aren't regulated
won't be seen as part of the regulation, right, number one?
And how costly are them to get these licenses too?
Because I know they can be quite expensive.
They're going to be insane because everyone's going to want them,
especially in the beginning.
And, you know, if you're out there and you don't have a stable coins license,
I mean, you know, it's going to be insane.
The fines are going to be insane. I don't know. I don't know if it's even going to be insane. The fines are going to be insane.
I don't know.
I don't know if it's even going to be worth it.
I feel bad for a lot of these Bitcoin stablecoin companies.
So do you think that in itself will reduce the amount of stablecoins we have in the ecosystem to a couple of players?
I'm sorry.
Am I rugging?
I think Shizzy's rugging, but, well, I do have a take on this, where I saw today headlines that Bank of America is creating stablecoins.
They're working on a stablecoin, and a lot of other banks are. And I feel like this piece of legislation, like, especially with like jail time to just like average people like that want to make their own stable coin, like they're just trying to institutionalize it.
And obviously, like these licenses are going to be super expensive to kind of prohibit anyone who's not at the level of a bank or at the level of like a really big company to be able to issue a stablecoin and like on some sides like i see like that like they want to kind of you know like restrict access and also um like prevent like fraud and like something like
ftx happening again but like on the other hand like it's just like you know like like this like
money just recruiting to the same people who have been in power so it's it it is gonna be a like a
difficult situation but uh that that's how I see it.
I don't know if Shizzy is back with us, but if you are, I'd love to hear your thoughts.
Yeah, 100%. It's going to be too costly for anyone else to have it.
It's going to be bankers only.
But honestly, though, think about it for a second.
Do you really want your stablecoin to be held by anonymous people?
anonymous people, right? Seriously. Decentralized, centralized, whatever.
Seriously, decentralized, centralized, whatever.
I, you know, besides MakerDAO, which is proven, tested,
even that, they're going to come after that. I mean, the banking system
is going to come after MakerDAO so hard. They're going to try to break it. And I'm actually scared
for DAI, especially DAI holders at this point, because they're going to come
for this industry and they're going to make it their own for sure. I mean, 100%. This is the
banking thing now. This is normal people are i think just like like one more take to that one i think that's
the biggest thing itself where i think it's feasible but what currently the bitcoin stable
coins are having or like built on bitcoin is they don't actually have a one-to-one peg to US treasure.
So like it's just simply not functional at this rate within the US.
I think that's my biggest takeaway from that on top of the regulatory registration and the compliance itself that they have to be doing now, which definitely costs a lot.
have to be doing now, which definitely cost a lot.
Similarly, I think, and that's why I give massive props for all the exchanges, like
from Coinbase, Robinhood, Kraken, that any sort of like, um, AML licenses and, or like
pretty much everything that they've registered for the past couple of years, while crypto
was like pretty much a gray area.
Now they pretty much ahead of everyone else because they
managed to acquire all the licenses when it comes down to money transmitting making sure they know
the customer as much as they don't like to no one likes to do kyc so i think it's gonna be extremely
hard like like you said chizzy and i think would put most of the projects into i feel like like startups are quite interesting situation
where do they want to acquire these licenses or they were not trying to find another way to
you know to kind of stand out because when you raise money you can't actually just bet on two
years of acquiring all the licenses so you can actually do proper business.
Cause so that's definitely one of the drawbacks of, of, of the genius, how it passed.
Yeah.
Uh, no, I, I, I think that's a, that's a great take and, uh, definitely like, um, we'll just,
we'll just see how things evolve but uh i don't
think it's gonna be that different from how things have been going and and yeah like if you were you
know a a big crypto company back when things were gray like like in a gray area like now that things
are much more legalized and like we even saw we've seen this in terms of like coinbase and uh i think
like the the winkle loss twins from gemini and like just like a lot of other like big like the Kraken CEO, like they've all been like lobbying like, you know, this administration for these like all these regulations.
Right. So obviously it's going to favor them and not let like, you know, not their competition.
uh but i kind of want to shift gears a little bit uh to just like on chain like on bitcoin
because i've been seeing a lot of talk about nfts and not like nfts specifically on bitcoin
but just like ethereum like solana they've been going up a lot uh and just like mindshare like
not even in price like mindshare people have been talking about them and uh recently like i've been
like looking on uh on ornohai like a lot of other uh just like you've been like looking on uh on ordinal high like a lot of other uh just like
you know like analytic places on bitcoin and i see it today the number one spot is a nft like
or ordinal project adderals that came like out earlier this month and has gone like in like on
an insane run they're doing like a bitcoin of volume a day uh and then i also want
to give attention to rare sats who have done 0.573 bitcoin of volume just today so doing half a
bitcoin of volume for rare sats is insane to me and then also like a brand new ordinal project
uh not like you know like the ones that we're familiar from a couple years ago is taking up
the number one spot. Love to see it.
Love to see all this energy happening.
I think runes are kind of
dead. Fungible assets
are dead on Bitcoin right now.
But ordinals are
pumping.
Wait, wait, wait.
Wait, wait, wait, Antti.
I just doubled my money on Piggy.
So I wouldn't say that runes are dead.
They're just very specific.
That's right.
You heard right.
I doubled my money on Piggy.
So they're not dead.
You know, there's still some stuff moving.
No, I love Piggy with the knife and everything.
It's fun.
It's cute.
And Mim and Magic Internet money. Man,, it's fun. It's cute. And, and, and magic internet money, man,
that thing has been pumping like crazy too.
Yes. Magic internet money is up like 80% on the week for sure.
I don't mean to say that they're dead. I just mean comparatively to,
to ordinals.
I feel like ordinals are about to have like a hot streak and I'm super
excited for it, but I would love to hear like, like your take alpha.
I'd love to hear other people's takes. Like, like, like you guys uh think like do you think it's it's nft season
2.0 or ordinal season 2.0 how do you guys feel about it
uh okay let's go with no go ahead go ahead no don't worry go for it go ahead no go ahead
like too much silence like someone's going to say something.
I think kind of hot take,
but I think what the punks has done,
someone sweeps 100 plus or whatever,
kind of did.
Actually, let me take it back.
Whatever we do with runes or ordinals,
we have to create something similar
like attention span.
What has started with
with what kicked off this kind of nft mania right now i think was the punk sweep uh like 100 plus
ton of money has went into it and i think a lot of people like oh nft seasons are back but i'm like
not really if you do zoom out um volume definitely spiked during that week past week for like a couple of days but pretty much
like we're back where we were and i think the issue is with ordinals and that's i'm not saying
that this puts ordinals to the bad spot but until we can create a similar situation where people
start talking about in my opinion a money-making opportunity or how floor
price has risen so much it will be really hard to to compete against nfts on ethereum and or solana
because like what we've seen or i think like looking at the data like solana nfts had the
same amount of volume that bitcoin had like ordinance had ordinals had. And each NFTs had, like, 10 or maybe, like, 100x more.
I think looking at how kind of the price or, like, entry point for, like, ordinals is so
much higher, kind of expect, like, a bigger volume to happen if we're trying to create
we're trying to create something meaningful so i think nfts are not dead but i think people
something meaningful.
craving for something new or craving for attention um so whenever we see like a bigger price bump i
think a lot of ordinals will be will be really happy and see the floor price rising with it
yeah i think it's a really balanced take actually and obviously nfc's are not dead like just look at half of the people in this room they're all rocking some sort of ordinal or nft um but i i
definitely like uh agree with your balance take in terms of this is all after the punks sweep where
someone bought like 10 million dollars of punks and then people saw that and they were like oh
like what can i buy that's like not that expensive so like you So, like, you see people, like, go buy, like,
they just go down the risk curve, right?
Like, they buy board apes, and they'll buy, like, moonbirds,
and they'll just buy, like, increasingly, like, less expensive assets or just, like, things that are down the line.
And I guess maybe ordinals is a part of that.
But, yeah, it might not last, but it might.
We'd love to hear your take on this, Fonzie.
Like, do you think this is just, like, a moment in in time or do you think it could be like the start of something
no i don't think so actually brc 2.0 there's like collections and like people are mentioning
stuff off that there i think adderals is huge to uh i heard about it like after it invented so i
was even late to the party as well um but the renewed interest in it is not like
not I'm not super I'm not super surprised by that I think it was a moment to come eventually
what was surprising was the rare stats they came from nowhere I understand the very beginning there
was people kind of like I'm hinting at it and so forth but the amount of volume they picked up the
last you know 24 hours and actually the last month or so um has been a lot more than i anticipated so trying to see the play there i
think those were more shocking if you ask me than the ordinals themselves although the fact that
we're seeing like adderals and and you know that can be that can inspire other myths happening down
the road and kind of renewed interest like that's a good signal but the rest is something that i'm
looking very closely and seeing like you know what exactly is going to go on there but um they are
originally like the og meme coins i think in some capacity so once that catches on then we'll see
what happens yeah the rare side thing is pretty funny um in terms of just like it's so obscure
and people just bought you know there's like silk
road uh sats you got hitman sats pizza sats like people have like full-on spaces where they're like
just creating new categories and and people support these categories like even if they're not
on like an exchange uh like you know like um or like a marketplace like actually listed like
people are like specifically like copy pasting like these sat numbers so so it's cool i think
like most recently people are buying like these omega numbers so so it's cool i think like most
recently people are buying like these omega sats and uncommons i don't know what an omega sat is
i'm sure somebody could tell us but uh it's cool it's it's definitely cool uh it's like um you're
buying you know like it's a coin collecting that's kind of like the the narrative that i've seen for
it but uh it's nice to see that that on-chain uh stuff is um is increasing um yeah uh and then i i
don't know does anyone else have like anything to to kind of like add on to the uh like the bitcoin
ecosystem like like are you guys looking at something that's cool shizzy i see you're holding
a bag of dog but like dog is kind of just like stagnant um like frogs frogs being crossing over a thousand was a big deal i think that we got to
pay attention to frogs because it's going to be an early indicator of when ordinals are truly back
and i know that they were ignored kind of towards the end of the last ordinal bull
run but they started it if you remember back then they got to 17K each. And then they had the early rise in November 2023.
And then after that, that's when Node Monks launched that next year in February and went crazy.
And all these things and frogs were a bit forgotten about.
But we noticed that they crossed over 1,000 last week.
So you might be able to grab some cheap frogs
because I'll tell you, if there's one collection
that goes across every global aspect, it's frogs.
Yeah, bullish on frogs for sure.
Frost was like my first ordinal.
Can you be specific, sir?
Which frogs in particular?
Oh, you're like breaking up. Which in particular? Oh, you're like... Which what?
Which what? Oh, Bitcoin
frogs.
Specify. There's so many
different frog projects.
Oh, I mean,
come on, Alpha. You're an OG here.
Everybody in the room besides you
knew exactly what I was talking about.
If you're being sarcastic, that's not funny.
Well, maybe someone that's listening,
they don't know.
They go and get some scam frog.
They're like, oh, he's talking about this frog.
They have to scam one.
They're like, oh my God.
Alpha's always ball busting. Love to hear it um but yeah i mean frogs are og for sure if you see
frogs going crazy um those are people that have been here for the last two years right so uh
they're definitely active and uh it's cool it's cool to see um oh i this is one thing i did want
to talk about i want to talk about the uh the sats terminal
like integration with runes and uh they're using this thing like um sat stream algo does anyone
know exactly how this works and like has anyone used the the sats terminal like algorithm and
like uh for trading runes like like how do you mean uh they said that um like every single rune swap on uh magic
is going to be powered by this algorithm that they have and it just allows for like people to swap
like runes yeah yeah yeah so so magic Terminal, I think, like two weeks ago.
And I mean, I think the algorithm is just the Sats Terminal aggregation algorithm, right? So because they have access to all the liquidity pools and all the platforms, that allows Magic Eden to be able to, you know, source the most available and best price rooms via SatTerminal.
So, I mean, the space continually works in a collaborative way, which is great.
Magic Eden, to me, is a little, I mean, so they're just a little confusing, in my opinion,
to what their overall end objective is, end goal, other than that they just want to service whatever the consumer wants
right now, because they've been focusing on Spark and LRC 20 a lot with their resources,
but then they integrated this. So the thing that's hard is to keep up with all the tech stacks and
meta protocols that get added to Bitcoin. But the one thing that I think that we can count on is that the builders that we're familiar with, you know,
will integrate that and work together to integrate it, right?
So, like, for example, Ordinal Hive.
I wouldn't be shocked if we see, you know, integration of SaaS Terminal with Ordinal Hive
or another aggregator with Ordinal hive to to be able
to support um you know new token standards because i'll tell you one thing about sas terminal
their cto is he's a crack dev so he he can get stuff flipped in very very short period of time
so um that's that's what we know about it amazing yeah i'm gonna throw it over to fonzie actually
because i
know you saw that tweet and then i also want to talk about this do spark uh like announcement
because like it's it's interesting to me but yeah fonzie go ahead yeah i mean there's a quite a
couple of things here i think pretty much um they built exactly what tokens needed for like the
first step of token trading on bitcoin right at least aggregating all this
like liquidity across every single marketplace is very essential next thing would be like some
form amm which i think dots swap are um or there's a couple other companies kind of doing that stuff
there too so that would be like interior there's other ones trying to do on l2s but anything that
happens natively on bitcoin is preferably you know kind of preferably the thing you want to aim for.
Regardless, the overall shit from these assets to, and you mentioned Xstock and all that stuff,
to the more Tratify assets, which is what Spark is trying to build a layer for,
is even more interesting, right?
Like $300 million worth of volume on salon just for like tokenized stocks
is it's not a small fee right it's a huge huge fee and just imagine like the untapped potential like
demand for these specific assets um obviously like there's you know like there will be opportunities
for you know maybe an amc or gme gamestop approach where you know you'll have wash your
bets for this wash you get a bit of a stem on the crypto kind of space with no stalling or like, no
that stuff happening.
So yeah, I think those things there would be quite, quite interesting in the future.
Yeah, I love it.
And like, I think Spark is going to like really surprise some people.
I'm going to just read this announcement that I pinned up, but apparently they've been
working on some user experience for Bitcoin tokens.
And it's called BTKN.
And it's going to be the culmination of everything.
So not sure if it's LRC20.
Not sure if it's like a token protocol on, like not on Lightning, on Mainchain.
But they're going to give us details soon.
And I think it's going to be really cool.
And I'm sure a lot of people are going to start using it.
And if it catches on, it could be bigger than alkanes could be bigger than brc20 could be bigger
than maroons who knows um but yeah i mean i i don't know if like anyone else knows a lot about
it because they're just like kind of teasing it but but it would be really cool to like like i'm
just speculating here but it'd be really cool to see what's going on.
Yeah.
And one thing to actually note too, it's like, you know,
we talk about the bills and stuff, stable coins and whatnot,
but really what does that,
that does lay down the foundation or framework for like much more institutional place down the road.
So you're like,
you're literally seeing the foundation being laid out before your eyes.
So like, you know, with all this stuff that's happening,
it's just kind of pushing
into motion things that are required but it's kind of like we had this conversation a while back like
a couple months ago but it's really what it comes down to is like the traditional finest players are
going to take over what we used to know or refresh crypto crypto and make it their own, which is something that probably, it's not,
it's something you probably don't want at the end.
But yeah, I think it's like all roads are leading that way,
especially with the regulations being passed and so forth.
So it could be a good thing.
It could be a bad thing.
It really depends on how you look at it.
Yeah, it makes a lot of sense.
I guess I want to shift gears to like just like broader crypto stuff like not just like bitcoin specific but uh like there's
a lot of founders here there's a lot of people that uh maybe you're not a founder of a company
maybe you're a founder of like something else but uh i'm i'm sure there's like a lot of people that
are uh like knowledgeable about this and i would just love to talk about something that happened yesterday.
Alon, the CEO of Pumped Up Fun,
went on stream for ThreadGuy.
It's hilarious,
but so many people watched it and he didn't announce anything on the stream.
He was asked about the airdrop,
didn't give any details. He was asked about buy buybacks didn't give any details about the buybacks uh like like like
literally just like went on the stream just to go on the stream and uh i just wanted to like just
get people's thoughts because it was super bearish for the for the token for sure like
and is it just like streams are always bearish for the tokens? Is there something that founders can say that can ever be bullish for the token?
I just have so many questions.
And just full disclosure, I've never bought any Pumpt tokens.
I'm not invested in Pumpt at all.
I'm just purely speculating and just watching this happen.
And it's just good to just generally talk about these things because these are all companies in crypto and like things like this happen so uh norbert i see you putting
up an amazing amount of emojis uh what's going on over there how do you feel about this like do you
have any takes and like some like lessons that maybe people can learn i think like the biggest take is, you know, he got invited for a stream, so I guess he's done what he got asked for.
I think the biggest, most important thing, though, is based on the initial kind of dump of the token, in my opinion, after it TGE'd um people just had higher expectation and i think that just simply
what happens if you are unable to manage the expectation so i think he not sure if he meant
to do this or not but i think going to stream and then not having an answer or any clarity
about what happens next and you know you don't have to be exact like
you don't give me a timeline but he had absolutely no idea or didn't mean to disclose it and i think
the price immediately took a massive hit i think when we start dropping i think like whatever the
price was um i don't know there's a lot of factors to like why the price itself went
down one of the biggest things that institutions like definitely flipped for a good money like they
were like up 30 to 50 percent and then the stream just put another kind of that end for for what
might come next um I think the biggest take itself is that like if you do a live stream itself
I think the biggest take itself is that like, if you do a live stream itself, especially a couple of days after token and you're uncertain about when you're actually trying to reward or if an airdrop happens for the users.
So I think it's even worth it.
Again, like people super sensitive and just like how Trump kind of moves the market.
That was also the exact same correlation to it like people
didn't get any information out of it okay i'm just gonna sell like pretty simple pretty straightforward
forward he might have been a back holder in this situation yeah it's hilarious that one stream
costs his token like 250 million dollar like market cap that's not fdv that's like actual
market cap uh but i i want to throw
it over to you go because i know like you go being shitty you guys do a podcast yourselves
you guys have like a bunch of founders on um like like is there something that like a founder can
say like when they're promoting their product that like is bullish or like is it always going to be
like like a founder comes on a stream and it's just like if they aren't perfect and like on top
of like everything like it's just a disaster for their like kind of like market sentiment.
Well, first of all, with Alon, it's a completely different story.
So he built a product that was perfect product market fit.
It flowed into Solana perfectly for that type of user base.
And he made upwards between 700 700 900 million dollars in profit him and his team or whatever um they don't he doesn't have
any motivation to need to feel like he needs to prove anything to anybody i'm not saying he doesn't
need to prove anything to anybody but he feels this way is my opinion.
I hate his approach to the space. I think his approach is to make as much money as possible from the space and that's it. It's very business-minded only in terms of zero. I think
you should be, it's good that people are starting to become business-minded in Web3 because that
was definitely lacking quite a bit.
But I like more of a Luca Nets business mind versus an Elon business mind.
Luca Nets is trying to grow the brand, the community, make things better for his community and his user base.
Elon wants to make everything better for him, him and his brand and entity.
And that's it for him to do that on the Threadguy show, knowing what it would
do to the price, and look, he's a smart guy. He's a smart guy. I want to say something here,
but I don't want to say it the wrong way, so I'm not going to say that specific thing. But what I will say is this, I think he has a plan to, you know, have this price drive down. And he is he knows that basically,
if he says the right thing, that he can make this price probably launch up after it's, you know,
been beaten down so much, as long as whatever he says, and whatever he says he's going to bring to the table is uh you know
substantial right in terms of uh new chain new ecosystem whatever it is and i think that's the
plan but um i don't like it i don't like anything and you can see he's losing market share every day
he doesn't give a though he doesn't give a because in his mind he's like okay well you know he
probably shorted all the way down by the way and, you know, now he can pump it back up for, you know, Peter Thiel's investor in the token launch, right?
So, I mean, it's just basically the rich getting richer at this point with this.
But he's done it in a very, very strategic way.
And don't get it twisted.
He doesn't care if people are crying about his token and all this stuff.
But he can turn the price up. And I and i expect actually that to happen at some point oh i i love it i love
it i i i agree with a lot of things in those takes i think one thing um like specifically
that you mentioned was like the market share and also like um that he can like turn it around and
i i kind of want to direct this towards fonzie but like um you know we saw in
ethereum nft's time like open c was like the biggest leader and a lot of people made this
parallel uh over the last day where uh like you know blur kind of came out of like nowhere and
just like took over and and just like completely lost market share and it's not only like that's
like just one instance but i'm sure like it happens like all the time. And like, if you're the biggest, like anything in crypto, there's always like competition and things can flip on
a dime. Like, like, what do you think of that? Like, like, do you think that like, it's a smart
strategic move to kind of be like, you know, we have the first mover advantage, like it's okay?
Or do you think like things can be displaced like very easily and maybe like you can't come back from this yeah i think it's a matter of execution more than first mover advantage
execution matters quite a bit especially in this space um i'd even say like even i think if you
become too big too too fast too soon or you know become big to the point where like you feel
undefeated that can be a bad thing because the comfort could like prevent you from innovating or rather like you know there's always a reason
why when corporations become monopolies they seek out regulation to prevent others from competing
against them right because they know like once you reach a specific size like it's very difficult to
go from like from one to from zero to one like one to like ten right like it's just not it's like very difficult to happen um and and if you don't evolve then like you're pretty much
saying stagnant there's others who will out compete you right so like education for sure matters um
i think over like the pump stuff that's going on like you know it's i think there's a lot more stuff
that you don't see i think you'll go we definitely mentioned one of those things like i wouldn't be
surprised if you short that specifics like you know token and you make money that way too so you know there's a lot of like that kind of insider trading
stuff happening potentially i don't know um but like it's it's common in crypto right like you
know that's something you see in crypto is something you see in other kind of spaces um but
like at the end of it like it comes down to execution whether you can do it properly or not
and you know understand the market and other fundamentals that really are important so like it can really happen very quickly but you just gotta be prepared
for it too and one last thing to mention as well i know spark just launched their you know btkn
which is like the minor protocol um like at this point are we just gonna like one day admit that
we have too many token protocols and most of them are gonna go zero like they're just like
gonna be shit on right like i think when are we gonna stop with this stuff
yeah i mean you solana has launchpad wars i think bitcoin has a token protocol wars because uh
like every single change just has like one token protocol right and then they all like do
i'm sure like once uh bitcoin settles on like a standard, we'll have launchpad wars here too.
So it's, yeah, I think you're right about that.
But overall, great takes.
I kind of want to end off with this like last question
that is more about like airdrops
and like just like bootstrapping your community.
Like just from like yesterday's like stream,
like as soon as he said like,
hey, like the airdrops like not coming
in the immediate future,
I think the price dropped like because the community was like,
hey, like we're using your product.
Like we're doing all this stuff.
And like, it was a joke for some point,
but I truly believe in like,
not only like with Pump,
but like for any company in crypto,
like when you do like an airdrop,
like you do it with the TGE
because it like distributes your token
to like a wide audience.
You reward people
that have been using your platform. You bootstrap your community and um i mean if the token price is
going to go down it was probably going to go down without an airdrop anyways and uh like like at
this point like he can announce an airdrop at any time and uh like the price will just like dump
again so uh i don't see like like any positive to this like like maybe i'm missing something i i
mean you guys have have a lot of
great takes on insider
stuff, stuff that we don't see.
Is there a reason why the airdrop
isn't with the TGE or
any benefits for not
bootstrapping your community first?
I want to throw it to Norbert because
I feel like you might have some takes
on that.
I think that's a great question.
Um, I think it really depends on the situation.
It really depends on the project.
I think we've seen it more, we start seeing more often where project does go TG or project
does go to mainnet and the actual airdrop season itself for the for the community happens a little bit
later or like being kind of staggered um look no matter what like when tg happens like it has to be
um pretty much like a value creation event um like you, I think people want to sell and like token price go down,
like it's almost like impossible to control.
Let's just put it that way.
But I think putting the additional pressure on the token itself, where the, the
users will sell no matter what, um, based on the price or based on evaluation.
And I think this definitely comes down to a combination of, okay, well, if I TG you
at whatever FDB FDB was before and where we are currently, um, there's much less
of a downside, um, to distribute that token.
And similarly, they can easily just buy back at this point of time.
So I think each project or each situation is different somewhat, but I do agree with you where, um, you do have to reward the community no matter what.
And I think with in pump fund situation, not fully sure.
There was like one thing, one positive, not sure if he just made it up during the stream but would be interested to see
um whenever the airdrop itself happens how he how he wants to distribute it or what the criteria
will be because he was pretty clear about that you know not sure if that's you know made up don't
don't mark my word for it but he said you know only a few people knows actually like what what
the distribution itself looked like what the criteria will be
so i think that could be interesting to see considering how um fun itself operates so
will be interesting to see for the community but i think in many other cases um tg itself does
does involve the airdrop on the at the day off or the moment itself um and again that's why we see a massive up
but similarly price itself does um balances it out over time yeah no that's actually a great take
um and uh i i guess i guess last like like last take i want to kind of hear from uh is is like
fonzi and just like i mean you can just talk about like like anything from like what we just like spoke about but uh like like are there any like points that you want
to just like like hit on um and uh yeah no i pretty much i mean everything's covered just like
some some platform where you can sort of show our dc model protocols that come out over long term so
i think that that's uh probably a good business idea but no overall i think it's pretty good
trajectory everything's like seems to be in play i think I'm looking more into Ethereum after what Shizu said at the very
beginning. I do see a play. I just realized Ethereum's all-time high hasn't been reached
yet to cycle. So maybe that's something to kind of look at. Every other major altcoin has reached
its all-time high in some form already. Yeah yeah amazing um okay cool i guess uh i guess
we spoke about everything that we wanted to i see alpha pin something up uh which is hilarious just
just charts um that go straight down uh but um what i want to say oh yeah we're giving away uh
two guaranteed whitelists uh you definitely want to like you know i mean i guess it's like minting
season like things are going crazy monster zuko uh we got two guaranteed whitelist go like between comment
i want to thank you goby for coming through from the on-chain revolution podcast norbert thank you
for pulling up new bit uh we got alpha gamer from alpha gamer and uh and fonzie really appreciate
you ordinal hive um yeah we're gonna we're gonna play some music we'll see you guys next week
and uh yeah just be safe out there guys Appreciate you, Ordinal Hive. Yeah, we're going to play some music. We'll see you guys next week.
