CATASTROPHY: CATs Are Web3 BUILDLers’ Best Friends😺#NFT #Crypto

Recorded: March 2, 2023 Duration: 0:33:48

Player

Snippets

(upbeat music)
(upbeat music)
♪ ♪ ♪
♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪#
Alright guys, I'm gonna try to ping the catastrophe team here. I have just pinged them so hopefully they'll come in soon.
Yeah, looks like an interesting NFT project. I look through the site.
There's a lot to discuss. I have a lot of questions. So hopefully the team can pop in here sooner rather than later and we can get to show them the road.
I like the liquidity Twitter space though, active. What were your thoughts on liquidity? You've heard of them for I'm assuming. No, it was it was great, you know, for for Wallerist also pops in and out of his, you know, his, oh, he
Yeah, he's one of the guys that's building on top of it and all that. You can really see the support for these big protocols and huge communities and real products that work. People want to use them, engage with them and people want to build on top of them. And this was exactly the case.
Yeah, I love the whole vibe. It's like you said, it's built on Ethereum, it's collateralizing Ethereum only, it's betting on the infrastructure itself. It's very interesting and quite bullish on it, to be honest.
Yeah, quite bullish myself. And the first time someone brought liquidy to my attention was when I was questioning why make-or-dows or part of make-or-dows reserves were collateralized by a rather
of MakerDow, why part of die was collateralized by USDC? Wouldn't that just make it rap USDC? And they said if I want to look at a true decentralized stablecoin on Ethereum, I think it's cool if they have 0% interest borrow. That's insane.
your eth whale and your bullish eth and you don't want to sell that eth and recognize or realize those capital gains. You just collateralize your eth and borrow it indefinitely. Borrow LUSD indefinitely is 0% interest rate and live life off that.
Yeah, definitely. There's a lot of people using it. There's a lot of people using stablecoin. There's a lot of people offering different products on it too. And it's the case. It's just a nice little layer on top of the big dog Ethereum.
You're just putting some of it here. You might get some rewards for it or not or it's just staying there, but you get to use some of the money and maybe you get some yields. Maybe, you know, it's a, it's quite a basic simple system when you think about it, but it works. You know, people do want to have
of money more liquid, they like to try out new things, they always, you know, it's, I can just keep it in one place to accumulate there, you know, there's going to be some compound interest somewhere, there's going to be some yield and some other place, so it's great to have access to that, you know.
Yeah, and I like that the there's no governance. There's no governance structure. It's all automated based on mathematics and code and algorithms and the protocol just lives on its own.
Yeah, no government completely mutable. Super nice. It's exactly what he was pointing out. You know, it's fair because if you can read the code, well, the code doesn't mean two different things to two different people. You know, it just means one thing. There's only one truth and that's the code. Whatever the code does, the code
So it's a very level playing field. So you can understand why people love these immutable countries that have been around and have been battle tested and they're comfortable rolling with them and building on them and expanding upon them.
And I don't know if you had a chance to look at this next project that's coming on, catastrophe. And I know we're about five minutes over the scheduled starting time, but I'm hoping the team comes in pretty soon. But I don't know if you--
If you've had a chance to look at their website and kind of go through it if you haven't just open it up really quick It's pretty crazy. There's a lot going on. There's a lot going on. They got cats they got dogs they got just a lot of different problems and solutions
and cards and NFTs and just like different weapons, just so many questions and so many different components that come together to make this big picture.
I can see why they titled the catastrophe.
somebody, you know, grassroots level, explaining it by step. It's quite a few new moving parts in here and interesting concept. Yeah. And it's like I said, the art looks nice, you know, like the cats are a little wonky, you know, also to weapons and all that. So yeah.
Yeah, it looks like... I wonder if they're making that Peter Earn game too. It's like Fearless Cats and Road Dogs Round 2. It looks like some sort of Street Fighter-esque video game with Cat and Dog theme.
See we got a and then we got hash key capital coming in at three that should be interesting Here I'm gonna mute for one second act. Yeah, no worries no worries. Well, uh, we'll keep people coming
company here for a minute or two until we get the team up. I see you ping them in our shared chat so we should have an update for everybody in a second and maybe get the team in faster-editor and later get the show on the road. There's a lot of moving parts and there's a lot
of interesting projects too that have been coming to speak on our podium. I loved all the lawyers and people that are close to these lawmakers and I loved hearing some of their visions and understanding that it's basically
Yeah, no matter how good some of the people in this space understand it and how well they want to build it and how they point out, you know, the system is probably better than another. It all does come down to some regulators that might not be the best. So, yeah.
Yeah, no. I'm hoping for the best. I think 3 is going to be good. Either sideways or upwards into the next ball run.
is my is my better now so I'm staying super optimistic. I need some more time to accumulate. Yeah, I want sideways for a while. No, I don't I don't want I don't want up straight up right now. It's too soon.
Yeah, I got a fun. Those cool. Let the bears get a bit more cozy in their seats. I don't think the bears are cozy enough. I want the bears to get really cozy. And then bam!
I would mind you know a few more months of accumulation. I've been stacking up you know. Just waiting being patient, buying stuff that I like, enjoying the space, seeing how old builders are flourishing, how you know there's more things coming out.
it's easier to spot when there's some real innovations and real utilities, something really cool to engage with. It's much easier than at the height of a bull run when everything's everywhere at the same time. Right now you get to chill with the team, have a talk with them, engage with the
community understand how it works, maybe get involved with some of the betters, maybe test out the products, maybe make some friends along the way if you're investing in some of the stuff. So it's a much chiller environment. It's still moving pretty fast though. It's moving pretty fast. We're talking in the
nest space today with the guys about NFTs and how you know, ordinals and inscriptions have come along and people are speculating that what's going to happen, you know, NFTs are going to go to Bitcoin are going to do this and that and I don't know, it's up there for grabs, you know, I saw
This tweet somebody was showing, look, first day when this Bitcoin ordnance came about, you had to have a node, you had to have a little bit of a technical background and all this in order to create one. It wasn't like all that difficult, there was like documentation, if you read through it, probably jumping at this point.
and do it. But now there's tools, they've already built some pretty cool tools people build. While it's trying to build marketplaces and all this for it, it's pretty nice to see how fast it pops up and how fast people are rushing to get something minted on the
on the big dog, on a big BTC and get something there. And the way I see it is, yeah, it's pretty cool, it's pretty interesting, but we'll have to wait and see. If you're just ordering something in a particular way, you could
You could come up with, I think, better things to put on the chain than some interesting pictures, or maybe it's a very valuable picture to you. So I guess that's, yeah, beauties and yves would become beholder. Some people like art, some people like code. I don't judge.
But yeah, I mean now somebody was showing that it takes like less than a minute, you know, well sure there's a little learning curve, you know, on board into the tools or whatever you're using, but in less than a minute you can put something on the Bitcoin network, you know, it can be the proud owner of whatever, you know, put your family picture up there.
there. We were talking in Joe from Everett's saying it's like writing your money on writing your name or something on a dollar, right? But I'd say it's more than that because it's writing something on a dollar that's never going to be minted.
more than 21 million or something. So it's more scarce than a dollar. But yeah, I get what he meant, you know, but I don't know. What's to say? There's going to be some new theory that builds on top of it. And then, you know, every transaction has this 50 other layers in
And of course, to how you read it, you know, because that's probably going to be the case. You know, talking about the R and all of this metaverse and everything, you know, all tie an end together. It's that's usually the case, you know, it's getting build gradually. It's not going to be one thing that everybody gets to plug in and
as all these features. No, it's going to emerge out of something. Somebody builds a layer, somebody builds another layer on top of it and see how that goes. So yeah, it's interesting to see what kind of layers people subscribe to. It's pretty cool. By the way, people that
joining in. If you're wondering why Acti and I are just collaborating, we have an exciting NFT project coming on called Katastrophe. There's supposed to be on 15 minutes ago. There might be a mix up with the times I've tried to ping them. Hopefully they come on soon. Otherwise, we will have to reschedule them because we have hash
keep capital coming on in an hour and so I don't want them to feel rushed. So yeah, Acti and I will keep blabbering until they come on. If anyone wants to come up on the stage and join the party, they're more than welcome to. I don't want to
let a good space go to waste. So we're going to keep it, we're going to keep the conversation going. Acti, you know what they say, you know, time, it's not the waste of time if you've enjoyed wasting it, right? So if you're enjoying the conversation, you're not actually, what are you going to say
Sorry, I could. Oh, no, I was just going to say how's that how's that GM L GM GM exposition going? GM exposition. I don't know. GM X is doing pretty well. GM X is doing good. It's been kind to its investors. You know, I know I was a chilling GGL GLP here too.
to Noah and showing him some interesting metrics and all that like the last week. So I guess that's why you're asking it. It's doing well. It's still, but yeah, GMX, I mean, it's still even the tokens hold again, what 70 somethings around 72 73 something right now. It used to be at 40 just a little over a month ago.
know and before that a couple of months back you could bought it at 30 or 20 you know and same one for the for the GLP which is the you know like pretty provided token it was a little bit cheaper it's sort of like an index fund and I guess people can can just do like a Twitter search and do like hashtag GMX
or GLP and there's like a lot of the lot of info there if they want to check it out. It's nothing new. We're not shilling some project here. A lot of people are quite familiar with it. But it's doing well. There's a lot of petrol, future trading platforms coming around. We've seen
a few on Arbitron. There's this Vela one as well. It just had their, they had an AMA with the Arbitron tune. So they're pretty good. There's a lot of people that are taking this kind of approach where they're giving you know really yield to their
liquidity providers, but yeah, I mean, I know what you're why you're laughing because it's just it's tax money that's just being redistributed to people, you know, yeah, that's exactly the case, but at least it's sort of like what we were talking earlier with liquidity, right, it's it's fair. So everybody knows and I'm
understands what's going on and understands that, okay, I'm going to provide money for people to do a little bit of trading here and sure it's for petrol futures and some people might be better, some people might be worse and this is what I was telling you, you know, I'm betting that once things like these blow up, your average trade is not going to
to do too well. So that's going to be a win for liquidity providers. So that's what I'm betting on people having a steep learning curve to onboard into this world of Web 3 and even just trading and understanding how it works. So it's interesting. A lot of projects are taking this. We
like roll a bit too, right? The multi-plat, the dejan paradise platform, right? They're doing something similar, you know? You can take some of the tokens and you're getting the house edge and things like this, you know? So it's an interesting thing to see, you know?
I love these kind of things. If you're going to build something, you should build it and reward the people that use it. That's what investing is. If you want to do an investment, if you want to invest your attention, your money, or something, it means that it's something that you think people will give attention to.
Are you giving attention? Are you using it? Are you a fan of this? If you are, maybe put some money there and play around with it and also provide some liquidity and get some yields, I guess. In the case of GMX, right? Because I'm not the best trader, that's why I only do
it once a week and I have a very strict budget when it comes to future trading. It's not always going in my favor. I'm using the protocol that I'm stimulating and I guess everybody should do that.
If they do then more good stuff will come to the surface I feel you know as even with the NFT projects and things like this, you know who are the ones that are like the most highly valued they're the ones with the strongest communities strongest bonds strongest events or whatever you know these utilities
that you call it. Here utility is, utility that anything can be utility. So just having that being part of the group, being part of something with that as certain values or something like that that represents something, that's, I would argue, that's valuable in itself.
We're talking the other day about these check marks and everything. So a lot more people prefer to have profile picture of their favorite NFT, right, or their favorite character or something like that.
social proof that you can bring everywhere, not social proof and auto, but you get what I mean. You know, like proving that I'm one of the cool kids, or I'm one of this group, or one of those groups. And yeah, I feel like people who are underestimating the power of NFTs, you know, because an NFT is not just
Something that you can put some made up data for an image, you can use an NFT to prove ownership of anything. So you're taking a position in the liquidity pool that can be an NFT and if you're staking
Yeah, the thing is is like imagine you're doing liquid staking then you're getting some money for your collateral You're using that money in a different protocol that's paying you some yield and you can turn that into an NFT and do this five times now We got five NFTs that you can bundle up in a different NFT and just sell it on the open market as five different positions as part of your price
I don't know index fund or whatever the hell you build for people to see what is doing and if they want to buy it at a premium or anything like that. So that's all possible. So I'd like to see more of that and those kind of uses, you know, and I wouldn't mind to have some nice art on those too, you know, so I'll get it wrong.
No, man, I could listen to you talk for days about this stuff. You and I just shoot the shit on Saturday and this is a full space. What do I do with this space? I don't want to close it out because a lot of people in here.
anyone wants to come up and join our conversation. You're more than welcome to you. We got #Capital coming on in 54 minutes. At this point, I don't know even if catastrophe was the pop in here, I don't think that we can give them a proper show unless they want it to like come in and
do a quick 30 minute ma but yeah I think that yeah at the same time I don't think we should steal their thunder because I've been looking at the website and everything you know so we could probably talk about it ourselves
but I don't think we should still do the team's thunder, so it's probably better to have it rescheduled or something, but we'll see. I think we can keep it open for another 15 minutes or 10 minutes or something. We'll see if anybody wants to come up, see what happens. Maybe the team sees the messages.
If not, maybe you can tell the audience about some of your crypto endeavors. What are you disyanning? Are you just buying Bitcoin and any? Are you just buying Bitcoin? That's not boring. I buy Bitcoin and ETH like a grandpa and I hold them and I don't sell them.
So I That's a pretty good strategy. Yeah, you know No, I mean, I mean look man. I I like blue chips and I think some of our team members like donut have the right idea where they're like hey Why are you buying Bitcoin when you can buy avalanche?
For example, by the way not financial advice, but like these are these are teams that are actually building these are teams that we've had on we've had conversations with and we've spoken with individual team members and we know the kind of people that are behind the ships and so avalanche cause most I'm talking
I'm talking, let's see, get a little, get some exposure, get some deep-eye protocols like AVE, some of the OGs. Shout out, "Mean a protocol." Don't sleep on "Mean a protocol." Mean a protocol is almost top 15 now.
If you're bullish decay technology, you can't sleep on MENA. But yeah, I mean, I get it. People are like, if you're bullish on Bitcoin, why not be bullish on some of these lower cap protocols that are actually building? And I get that sentiment. I don't know, man. Sometimes you can't teach an old dog new tricks. I'm not saying I'm going
dog. I'm just saying that I think I'm scarred from the previous bear run. Because I knew the best strategy back then was to buy and accumulate Bitcoin in youth. Maybe or just take a crap roll on a shit coin. That's why I'm
following this suit, but it's a different bear market, right? You can actually see a lot of these, a lot of these toe, the protocols behind a lot of these tokens actually building. And so that's kind of why I have a different point of departure, or that's why I think that some people have a different point of departure going forward. I love Web 3 gaming.
I'm more interested in investing in infrastructure that will support Web 3 gaming rather than the games that are actually being built because I think a good game is very hard to build. I guess this is as a gamer. I know this very well. And so far, I haven't seen a single Web 3 game where
I'm like, "Oh my God, I want to just shit away my entire Saturday playing this." That's why I think, but I think Web 3 Gaming is here to stay and it's going to keep growing. I want to invest in the right infrastructure. That's kind of like
My long-winded answers answer and I'm going to close things out. I'm going to close things out. Acti just because we have another space coming up in 50 minutes. We're going to open it up in 40 minutes and because of that I want to give myself a break. I want to give you a break. I want to give our audience a break.
that and I want to kind of dive into hash keep it more and get a little bit more articular. Yeah, get a bit a little bit more educated on what they're all about. So yeah, right on. Yeah, I guess we'll see everybody in about 30 minutes. Yes, sir.