I'm a regular. I'm about to get them all, are you with that?
In a white boat, surrounded by blue, I want one but I got a cop turned, I wanna fly high
in the sky, arms out wide tryna soar, to my bird type view.
I'm on fire, Ricky, Bobby, cracking the pavement, Whitney, Bobby, I'm a Saki, Rocky, Bruce Wayne
been a dog, and I keep it 101, cause I'm feeling kinda spotty,
sippin' on Ciroc and I'm sippin' on Octane, the only thing around my neck is the blockchain,
now I got coins, I see where y'all go, and pop a web 1, hella hooked on web 2, I was livin' a dream,
now I'm on web 3, and it is what it seems, top in the pyramid schemes, I'm tellin' ya,
I'll sell you a percentage on Nebula, shout out to Viz, yo, set it up, We can make a trade, get the memo.
Refuse not falling for the FOMO.
Listening to Coffee with Captain.
You know we were a wide day loco.
I know, yeah, we working magic.
We rocking Ethereum in a tease
I just went and caught me a half bass
Man, I gotta shout out the boys
I see where yellow hoes gone went to
Toppin' the pyramid schemes
I'll sell you a percentage on Nebula
Freakin' them all the truth, why?
But they got knowledge to move, son
I'm shocking in shades with my brother in shoes
Yeah, them blues is coming
Even though it's hard to pick, any mighty mo
Soda on the mix, no biting lips, it's time to go
Index number one, no thumbs up, you gotta scroll
Looking at the ghosts in studio, it's time to go
Had a helmet on by myself until I met a mask
Dad wanted to have a face off, had to bring my chainsaw Full ticket cast in the drive with my brakes off Welcome to Coffee with Captain, powered by 8coin, where we dive into all things crypto,
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Remember, nothing here is financial advice.
Early-stage tech can be exceptionally volatile and risky.
So grab your coffee and join Cap and Steve for today's conversation.
Welcome to Coffee with Captain GM.
GM, thanks so much for joining us.
If you haven't done so, do us a favor, drop us a GM in the chat down below.
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We greatly appreciate it. Warms up the algo, lets everyone know we're here,, do us a favor, drop us a GM in the chat down below. Then head up top, smash that like, repost, and bookmark on today's space. We greatly appreciate it.
Warms up the algo, lets everyone know we're here, and does us a solid.
You'll also find the, they may not be up there yet, we'll get up there soon,
the link to the video chat over on Steve's account today on X,
as well as the abstract chat already popping off this morning.
GM to all the abstractors, abstractors, abstractors,
as well as the YouTube wars GM over there. The best GMers drop the abstractors, abstractors, abstractors, as well as the
YouTube wars, GM over there. The best GMers drop the GMs in all those chats. As always,
I'm Cap, Joe, I'm a co-host, Steve, no money financial advice on the show. Crypto is risky,
NFT is risky. Memecoin is exceptionally risky, go to zero in a moment's notice, except for
boop, the meme coin from the meme coin launchpad is up only for the next 30 days at least,
and then it can do whatever it wants. I kid, but not really.
We're not financial advisors.
We really don't know what we're talking about here.
Just join us for some fun, some information,
and some education along the way.
GM Steve, did you have a good weekend?
I actually should say it was an all right weekend. I had a little bit of a stomach bug that kicked in,
so I wasn't too active as much as I'd like to be,
which is frustrating because I like to use the weekends to at least,
I do get a lot of work done,
but I have this freedom of time where it's like,
I can get a good lifting.
And this weekend I wasn't really able to do that because I was in a,
had a little bit of a stomach bug,
but I think I'm coming out of it today.
looks like Mel plus sign.
I don't know if that's just Mel or everyone is missing the chat button.
X gets finicky every once in a while.
I've seen this from the last two at the clubhouse spaces from the Board of
The chat's not been there.
It's just been the plus sign.
Do we know what causes that to happen?
Is it different versions of X?
Was there an X update or something?
you uh i know that for me uh the chat is there so that purple pill is there if you are uh so
appreciate you mel finding a way to get in there regardless but gm to everybody out there give us
a like a retweet a comment on the room as we get this thing legends out this morning early
cold open full of legends out there steve. Yeah, lots of people out there.
Drew Dobbins, Peanut, GM, Watcha, thanks for getting out there.
Lon, the Saw, Big Bear, Von Fronten, Mel, as always.
Chief, Teacher, Katie, Mike C., Clay, Dasgrub, Maria, Beanie, Brick it all.
Friends over in the abstract chat.
Thomas, Bouching, Von Fronten, Mesh Mesh, getting there early.
Diablito, always. And, of courseen, MeshMesh, getting there early, Diablito always.
And, of course, we hit the YouTube ones on the screen
and the X folks on the X video.
But give us a like or retweet a comment.
Swing over to the abstract chat.
The best GMers say all three.
As we mentioned, we don't sell things to you.
But we will give things away.
Tomorrow, I actually need to connect with Dort
to get him on stream for the BZ giveaway.
Shoot. Reminder, I need to get my BZ distributions him on stream for the BZ giveaway. We give away cards. Shoot.
Reminder, I need to get my BZ distributions from last week out, so I am a week late on those.
Had a little bit of a crazy week.
I think I mentioned my mother-in-law ended up in the ER, ended up getting some surgery,
so it was a little bit busy there.
Had a busy week with the kids and family, so everything's okay, but no excuses.
I need to get our cards out, but we give away cards.
We're working on closing a deal.
We're going to be giving away more things to our audience.
So we do that the way you can pay us.
Like, retweet, comment, or if you feel so inclined,
you certainly could tip us an abstract.
That sweet, sweet pingu, which is up another 7% to 10% this morning,
You're now like a 2X from breaking even?
Yeah, I think a 2 to 3X from here,
and I'll be just about even from where I was doing buying.
No, I think, honestly, I think it's about 1.5, 2X from here.
So one big parabolic run, and I will be,
I'll probably be rushing to the exits,
because I don't know if my is not ready for this one, Cap.
We got a lot, you know, over. We got a lot over the weekend.
Some interesting things for sure to hit on.
Quick flyers before you get into it because it's probably not today's topics,
We're overdue to get them back on the show, I feel.
Like every other day, I feel like there's some big news coming out of clano's so um we taught we you know flew over their new collection coming on swee and um all that news is exciting
but yeah i i see cab out there and also whale did you see we were just chatting a little bit ago
about the irs preparing to slash their crypto unit uh
did you see this no i i saw you tweet about it but i didn't know so the irs is uh firing people
who are in charge of uh in charge of enforcing crypto is that what you're saying um i i haven't
dug into it i just i think i don't take tyler as a shit poster that came from tyler did its morning
newsletter and he doesn't just do stuff to i don't think anyway he's the opposite as a shit poster. That came from Tyler Did It's Morning Newsletter. And he doesn't just do stuff.
He's the opposite of a shit poster.
Yeah, he doesn't do stuff just to drive engagement.
So yeah, I didn't verify the source,
but he's a trusted source.
if you remember, it wasn't that long ago
that they announced they added,
And a lot of them were specifically to focus on crypto.
That's just a lot of headcount, man. It seemed like a lot of, like specifically to focus on crypto. That's just a lot of headcount, man.
It seemed like a lot of like, I don't know, in an era where I feel with AI, things like auditing
should become significantly more efficient. I just, I don't know. I am, it's not like,
hey, don't pay your taxes now because they're cutting crypto people.
I just, it's a signal to me that they, whereas prior, they might've been those 86,000 people
if half of them were to focus on crypto, probably like in the weeds, looking for anything and
And there was probably going to be some good people that were, and from their perspective, doing things on the up and up and everything they're doing right. But it's, there's a lot of ambiguity here. There's a lot of unclarity when it comes to regulations. And there's just, there's a lot of nuance.
I feel if they're making this move,
like again, I've not dove into it,
but the highest level thought is that
continue to do the right thing,
but I don't feel as if I'm going to end up having an audit
just because I'm in crypto.
I feel like they will go after people who,
you know, they claim $20,000 on their taxes last year,
but yet they bought a new Lambo and a $5 million home.
Those people probably should have
agents showing up at their door. I just don't think you need 86,000 agents to do that.
Again, I have a little bit of experience with these three-letter agencies. They're not fun.
I think I've shared on here before, I went through not one, but two audits with the US Department of Labor as a small business owner. And the net net of both of them, I think it ended up costing me like
$370 because we were miscalculating how bonuses were supposed to be paid to
salary exempt managers who were, you know, they were proper. Like they had the right,
they qualified as salary exempt people, but there was a nuance in the calculation of bonuses. And
so out of a team of like a hundred, we ended up owing like $350 in back taxes,
or I'm sorry, back wages. But it probably cost me $30,000 in time and headaches.
And like, it took me out of my business for one of them.
The second, like the second one wasn't that bad,
but one of them, like I'd never been through that before.
I was like, thought I was going to lose everything.
And I was like, what have I done wrong?
And it was just, they said it was random.
But it was like a month of my life
that I had to go back and forth with.
And again, we weren't doing anything wrong to our knowledge.
We miscalculated something that, I mean, our payroll runs at the time were, I mean, we're doing like six figures every couple of weeks.
So $350, it literally was a rounding error.
But it cost me a month of my life and probably $30,000 to $50,000 of productivity.
productivity so it's just like i understand the intent i'm not saying i'm not one that says all
So it's just like, I understand the intent.
abolish the irs although i do think there's probably a conversation to be had about
restructuring taxes i just i'm not an expert not a conversation i want to get into
but i do think it felt that they were they were like on a war path or a witch hunt maybe felt
more appropriate previously i don't feel that now yeah it's interesting it's um you know i i try to do everything as by the book as possible with my
um with my accountant just because you know like i want to be ready in the event of an audit and be
ready for anything that were to come my way although i am a small fish a very small fish
in comparison to some of these bigger people who you know like just pay your taxes kids that's what we always say pay your taxes make sure you
are thoughtful about it because um but my point is you could pay your taxes be thoughtful about
be doing everything right still be subject to an audit go through hell for six to eight weeks
and end up owing a couple hundred bucks oh yeah i've heard i mean i've heard how horrible audits
can get at times and to your point like it's part of the system. It's like, you know, when you get pulled for a random security check at TSA, and it's like, that's frustrating. But it's like, well, they got to do it to everybody just so they can make sure they're able to do it. So it's part of it. But it's, it's definitely a frustration. So yeah, so I don't know much about that. But I'll, because I've never been audited. Although audited. Um, although you mentioned doing all the calculations and running the numbers at some point here,
I do want to get into the dude calculations I did.
Cause I think it caused a little bit of a kerfuffle that I didn't realize.
Um, oh yeah, I didn't, I missed the kerfuffle.
Well, I've seen, I'll show you kind of a couple of tweets that had to do with it, but I,
my inclination from what I saw from some of the tweets, I think I got subtweeted by somebody
that, um, indicated that people weren't thrilled
with it was weird i don't know it's hard to explain um i um i'll see if i can find the uh
uh let me see if i can find the actual subtweet it was from 826 he was a very um a strong member
of the doodles brand one of the like great community members there um i think he was one who
actually called us corpo shills though when we were like hey they could have handled everything
a little better with um with julian but i don't know for those who missed it well again give us
a like or retweet a comment on the room uh again like slower to warm up uh as always x spaces are
a little less discoverable we've noticed numbers down across the board on everybody. So do us a favor on that.
But the, you know, I don't know.
So just to give topics of the day and we can figure out where we want to go.
We don't have to hit the doodles thing first.
I think it's a very interesting discussion because I think it's actually a good, fascinating airdrop discussion.
So I was running the numbers on that.
And I just, I like to, I am a nerd.
I like to take the economics.
Now that we have access to tools like Chachity Tea and other AI agents,
throw in the economics and figure out what the,
like what my potential airdrop is going to be
and what the airdrops for various people are going to be.
And I noticed an interesting anomaly in the Doodles one,
which made it more difficult than other ones.
So I can get into that in a second.
We have Boop. We talked about a little bit.
Ding-a-ling talking about the staking and what airdrops they can get with that.
And an interesting model continuously.
By the way, I still not launched or created a Boop token.
So I guess I will miss out on that generational wealth from that.
I didn't dig into Tether announcing their AI product,
but apparently Tether is announcing Tether AI. So if anybody has more on that or we can save for a bunch of on
thursday i don't think it's a rush one and lots of bitcoin news uh brown university buying bitcoin
and uh arizona governor vetoing the bitcoin bill i don't know if you saw this one but
the house and the senate passed it in arizona and she benefit she vetoed it. I heard she's just an anti-Trumper, and anything Trump is for, she's against.
I don't know her. I don't follow it.
I take it for what it's worth.
So let's dig into this one first, and we can get to the doodle stuff maybe after,
because I think there's some interesting Bitcoin news.
I got the more you know on it, so we can hit on that.
So the things that happened Bitcoin related over the weekend.
So Brown University purchased almost $5 million, $4.9 million worth of Bitcoin ETF,
representing just over 2% of its equity portfolio.
So Brown University says, we get it, we're in.
And then last week we reported on the fact that Arizona had passed the House and the Senate a bill to establish a strategic Bitcoin reserve to spend as much as 10% of sort of the state's, I believe it was the state's budget.
I got to look at specifically the language on Bitcoin.
Well, the Arizona governor, Katie Hobbs, I believe is her name, went ahead and vetoed that, meaning they no longer can, you know, they won't do it.
And she stated, I'll pin it to the top so people can see it if they're curious.
She stated, and I quote, Arizona's retirement funds are not the place for the state to try
untested investments like virtual currency, despite the fact that Bitcoin has been the
best performing asset really of any major asset over the last decade.
Now, there's a Senator, Wendy Rogers, who responded by saying,
politicians don't understand that Bitcoin doesn't need Arizona.
But it's an interesting, I guess, the House and the government passing this.
And politics as a team sport is something I'm never a fan of.
But it sounds like I did see the response.
I think it was Thomas in response mentioned something to the effect of, look, this is an area where they do everything.
They go against everything Trump says.
You see this with politics as a team sport.
It's just, it's really interesting seeing this decision, though,
given everything, you know?
Yeah, it felt like, it feels still,
not just because, I'm not going to say this undoes it.
It feels like it's becoming a bipartisan issue.
It feels like it's getting support across both sides of the aisle.
Nationally, anyways, no? It does, but, like, this becoming a bipartisan issue. It feels like it's getting support across both sides of the aisle. Nationally, anyways, no?
It does, but this is an interesting one.
This was a chance for Arizona to lead the way.
I think Will This Age Poorly is a great way to put it.
It's like they could have led the way.
If everyone wants this in her state, she says no.
So this goes one of two ways.
Either she looks like she cost the state and put them, you know,
eliminated their lead position
And obviously I'm hoping she's not right here,
but yeah, bold move, I think.
It reminds me, it's reminiscent, reminiscent i don't remember i think it was
one of the dakotas uh but it might not be i might be messing that up they passed through the house
or i believe that actually i believe what happened was the people voted during an election cycle
to legalize um legalized pot like legalized marijuana and i don't remember if it was the
house of the senators the government specifically but they vetoed the bill for the legalization of marijuana
because they decided this wasn't good for our state
after a literal vote by the people passed it.
And like, this is what's interesting is like,
I understand she is basically the CEO
who's in charge of making sure the state stays in,
you know, up, you know up you know in good
standing but arizona has a lot of bitcoiners a lot of people who are very forward thinking on
this clearly why they were the first you know state to my knowledge right to pass one of these
so vetoing it is like a pretty strong move to say like because in theory she could have been like
okay we're gonna spend 0.02 percent of the state like you think she could have had discussions
about how much not 10 of the state's budget which was it up to but could have said like, we're going to spend 0.02% of the state. Like, you think she could have had discussions about how much.
Not 10% of the state's budget, which was it up to, but could have said, like, hey, we're going to buy 10 Bitcoin.
Not necessarily 1,000 Bitcoin. to see the sort of counterpoint there or the other side of that
where Brown University goes ahead
and purchases almost $5 million worth of Bitcoin
And other universities, states, et cetera,
there are others who have done such things.
It's an interesting thing where it's like,
this hits a little bit to your point of it being a bipartisan issue.
But I think we're hitting that point now where we're seeing that pushback
where we talked about the biggest risk crypto has is Trump.
Is that people have such a polarizing feeling.
It's wild that he could be, A, one of the biggest proponents,
but also the biggest risk simultaneously.
Well, it's sort of like to a degree.
So, like, you know, Robert Kennedy
says a lot of wacky shit that I don't agree with, but a lot of the healthy stuff I do,
but like the, and so I do think it's reductive when like Republicans and other people are be
like, how could Democrats not want to make America healthy again? They're like, well,
maybe they think polio vaccines are good. So that's okay. But like, at the same time,
the, you know, they, they might not like certain things that he says, but pushing back on getting artificial flavors and bad ingredients that are literally banned in other countries out of our food is good.
But because it's somebody tied to Trump saying it, people are like, nope, all bad.
Elon doesn't do things very well with Doge as a whole all across the board necessarily.
I think a lot of people have had pushback who have dug into it.
But certainly the idea of reducing government bloat
And, you know, pushing back on that is interesting.
So I think it's like funny how politics
become a team sport on both ends of it, by the way.
Like you see the same thing.
The marijuana bill I mentioned
was almost certainly a Republican Congress
saying even though the people voted for this,
But in this case, it's a Democratic governor saying,
I just don't like anything associated with Trump.
I associate Bitcoin with Trump.
Therefore, I'm going to veto this thing the House and Senate passed.
So it's just the team sports of politics and the inability to actually pay attention
for what's best for people is wild.
Like, who knows if she's, like, gearing up for some bigger run for a bigger position,
and therefore she wants good standing with her party.
she's prioritizing personal gain.
who knows if she is ignorant.
I find it to be a concerning trend in politics more and more that it's like
people vote for something of your state and you go over it.
it's best for them instead of listening to what they say or your constituents have universally decided
or you're you're at least your your representatives have universally decided that we want to start
investing and positioning arizona with bitcoin because we've decided that the jury is no longer
out on this thing we've had 10 years of data, 10 plus years of data. It's performed well.
We want to be part of this.
We see it going this direction.
And then your governor's like,
Like, I don't think that's good.
where vetoing is important,
is supporting her vetoing it
crypto-forward state and the House and Senate
passed the bill? Who's advising her to veto this thing? Yeah. It seems like a personal issue.
I don't know. It makes no sense to me. Yeah. So that one is certainly a frustrating one to go through. But I don't know. I did dig
in a little bit on some other
as well, though. We do have our
local government correspondent on
stage. If we want to go to Funky and get his take on this.
Is Funky on stage? I see him as a listener.
So Funky's on stage. Feel free to jump in here.
Yep. GM Funky. Hey, guys.
Hopefully you can hear me okay because I'm already at the gym.
But I just wanted to chime in because I read a bunch of articles on the whole Katie Hobbs situation in Arizona.
First and foremost, she had previously said she was threatening a veto if the state legislature did not give her the health care spending sort of considerations that she was looking for.
Concessions, I guess is probably a better word.
They did. They actually passed those health care spending bills that she was looking for, concessions, I guess is probably a better word. They did. They actually passed those healthcare spending bills that she was looking for. So
everybody thought that she was going to actually sign the Bitcoin thing. And so I think it was
really a surprise that she vetoed it. So she got her quid pro quo and she went back on her word,
huh? Basically, yeah. And what's really crazy is that the language of the bill if you read it carefully
does not say because i thought the timeline was really warping like oh arizona's gonna have a
bitcoin bill and they're gonna start buying no under no circumstance it was really couched in
very terrible language in fact it said the state may very conditionally may buy up to 10% of its financial reserves to buy Bitcoin.
So in no way was this a mandate, even if it had passed.
It was something that was just giving the state some flexibility.
I think it's a terrible look.
And I think this will probably go down in history as one of like Germany selling all
of its Bitcoin at like 50K because they thought they were smart, right?
Like I think it's a really stupid position.
And the legislature is largely controlled by Republicans.
If you look in both the Senate and the House, even though it was bipartisan and there were some eyes on the Democrat side,
I just think it's a terrible look for Hopp at the end of the day.
I agree. I don't again, I don don't, I'm not a, I'm mostly apolitical. I don't follow this stuff, but seems like one that could like potentially blow back, right? Like there's certainly some people in her party that thought this should have passed.
if it was, hey, I want this. If you do this,
I'll pass this. And then for her to go back on that,
it's just, I'm not going to say
career suicide, but it just seems like a really
bold, aggressive move for
what does she have to gain by this?
Nothing as far as I know.
Yeah, it's a weird situation for sure
where it's like, that's bizarre.
And it just, again, it just
you know mel why is life so political exactly like why can't it just be more straightforward
in that sense like i just don't understand it um and it's a uh yeah it's it's to your point like
not a smart political move unless there's somebody who decided it was a smart political
move because it's a cute little
end around that she pulled, I guess. Maybe people in her party support it. I'm just not sure. It's
bizarre. It's bizarre for sure. And again, this is my issue is like, the whole point of the U.S.
is states' rights. You go to a state that associates with your personal, you know, sort of, you know, the idea is like, hey, you don't like one state, you can always find another one that has your personal views.
That's why states' rights are so important.
That's why the Electoral College is important.
That's why a lot of these things regarding states is important.
You can find one where you want to live.
And so it's like if you as people vote to, again, legalize pot,
and then your government says, just kidding, we know it's better for you. Or you as a state legislature decide, hey, we think we should do strategic investments in Bitcoin. And then your
governor says, just kidding, we don't agree with it. It's weird because that's the whole point of
the checks and balances system, one would argue. So one could argue like, hey, this was a crazy
move by Congress who doesn't like Bitcoin and thinks crypto is worthless and says, crazy move, dumb, got to veto it.
I get the system of checks and balances and that's important.
So it's important for that to exist in place.
And that's her right as the governor.
And she was elected to do so.
But this doesn't seem like one of those situations where you want to pull like
it's sort of like i explained to my you know people like good did she even provide any reasoning why
did she did she provide us again i i didn't do any research always that was the headline did
she provide any statement as like this is what this is bad like other than just oh this is untested
which is that's not a real reason it is tested It's been out for over a decade. Like, what is she talking about?
That was the extent to which I saw,
is she said, like, the retirement funds.
Like, and look, her whole point is this,
which I understand to a degree.
her whole point is, like,
a lot of people wouldn't want to have bitcoin and crypto heavily in their retirement
now again 10 or less fine it's basically the government saying of arizona saying 10 or less
allocation in our retirement funds is what we we become and and we know like because to the
funny's point the bill was may it wasn't like they're going to put 10 is they they may put
up to but it could also be zero who makes the decisions like who is
the fund manager for these governments by the state cfo usually each state has a chief financial
officer we have one here in florida and then there's usually a board underneath that person
and they kind of collaboratively work on the cfo will have the ability then to decide once the
bills are approved that determine like the i determine the parameters of the budget, the individual can decide. If that were to approve, if there's a Bitcoin pro CFO in Arizona, that CFO could have said, okay, one swoop, we're going to one clip this 10% right from the jump.
Or they could have been an anti-Bitcoin CFO and they could have said, that's fine. It's fine. It's approved, but I'm never putting any of our funds in there while I'm in office.
Am I understanding that correctly?
So maybe she doesn't see eye to eye with the CFO.
Maybe she thought they would go too aggressive.
Maybe I'm reaching for straws here, but trying to think through why veto something like this.
Well, here's the problem.
She didn't veto it and say, can we reduce reduce to five can we reduce to two just to make sure
because similar to we talked about this before when you sign a contract everything in that
contract because cap and i have to sign contracts from time to time whether it's with sponsors or
deals that we do and in those deals you have to decide like if you're comfortable with the terms
because anybody in theory could enforce the full terms. And it's certainly possible that her thought process, when she didn't state this,
which would make it easier, she'd be like, look, 10% is a lot. Let's go ahead and go with 1% at
least to start before we start getting really wacky with this thing. And that would have been
a different statement where we've been. But her statement basically was like this is an untested asset class so we're not going to mess with this meanwhile brown university's buying five million
dollars other companies are buying into it the united states has talked about a strategic bitcoin
reserve multiple countries have decided about it it's like sort of like you're basically saying
like this is untested and we don't believe in it but everybody else is kind of jumping on this train
it feels like i guess i guess like the TLDR,
we're still early, I guess is what I'll say about it,
is that we're at the point where it's still a political issue
that people are using for political jousting.
And she is under the impression,
it's possible she's tone deaf
because her constituents might be annoyed about this.
It's possible that she's exactly on the money
and her constituents will say,
hey, that's how I feel about it.
Cause I can't imagine she did this without talking to like her highest
donors and other people like that.
We shall see what that looks like,
I've done a little more research on some Bitcoin investments.
It's time for The More You Know, brought to you by our friends over at ENS.
And look, we're talking all of the sad things about the Arizona governor.
As the ball was on the one-yard line, getting QB snuck into the end zone to get Arizona buying Bitcoin.
She fumbled it. It went to the other team.
Did not end up getting across the goal line with the veto.
But let's make things a little more positive.
Brown University just made headlines buying $4.9 million worth of Bitcoin
through BlackRock's iShares Bitcoin ETF Trust.
That's over 2% of its entire portfolio, Arizona.
Harvard, Yale, and the University of Michigan
have also dipped their endowments into crypto,
often quietly through custodians like Coinbase.
Stanford University has joined too,
also investing through the Bitcoin ETF.
And it's not just universities.
The state of Wisconsin pension funds
has become one of the largest institutional holders
with over $300 million in BlackRock's IBIT.
Michigan's retirement system recently added $6.6 million worth of exposure as well.
Of course, there are the big dogs when it comes to companies.
MicroStrategy still leads the way, holding over 1% of the entire Bitcoin supply.
Bitcoin supply and Tesla famously added Bitcoin to its balance sheet in 2021 and Black, a block,
And Tesla famously added Bitcoin to its balance sheet in 2021.
formerly Square, made a long-term Bitcoin, Bitcoin and Block, formerly Square, has made
long-term Bitcoin a core part of its treasury as well. From Ivy League schools to public pensions
and Fortune 500s, Bitcoin is no longer fringe arizona it's becoming a fixture and that
was the more you know brought to you by ens enos does more than you know not just anchoring your
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unmistakable to your security interoperability and ease of use go to ens.domain to learn more
and secure your ens domain so you look i mean arizona not doing it. You got a lot of major universities doing it.
You got the state of Wisconsin doing it
So it's not crazy to say this made a lot of sense,
but here we are, you know, a couple of days later
and Arizona is no longer in the Bitcoin game,
I'd be pissed if I was a citizen of Arizona.
I'd be, you know, like I would be signing, you know, pensions or change.org and kind of like having a point about it.
Because I think it's like, it is a very frustrating thing if you're in a state that is digital currency forward and your governor says no, no.
Any other thoughts on that or we can keep cooking?
I mean, I'll be following.
where does it go from here?
I guess they try to negotiate with her to say like,
Was the Bitcoin the issue?
So they talked to the governor,
redo the bill and come up with something that they think she'd sign off on?
this is the problem with, like you said, the response.
There wasn't an indication from what I read
that it was like, hey, 10% is far too many,
and if they can do up to that,
I don't want them to be so aggressive.
we don't think that this untested digital currency
is a good thing for us to own.
I don't know where they go from here.
I guess it's a negotiation discussion from there.
I'm down bad this morning, Steve.
I had the perfect GM post and I blew it.
What is going on with Good Vibes Club?
I'm going to do it tomorrow.
So knock on wood, hopefully the floor keeps running and it'll hit better tomorrow i i took a picture yesterday i was
like oh this is gonna be an amazing gm post for good vibes and i i remember what my oh my gm post
was about the irs this morning i should have went the good vibes route. What is going on with good vibes? They're up another 20, they're 0.67.
Is it the blue chip NFT of 2025?
You're muted or it's on my end.
Bear with us if you're listening in.
I just got to plug, plug unplug and change the mic back
and the speaker back and check check i wonder if they can hear me on stream is a question uh no but
uh because last time this happened uh they were able to hear me on stream still but
i don't know man i uh i feel like an idiot because i had a bunch and I saw them going down. I was like, look, I love this team.
I have a really rare one that I feel good about.
And I capitulated because they were going down.
And I was like, I want to support the team, but I also don't want to be a bag holder.
And I'm trying to clear some liquidity, trying to buy more Bitcoin, things like that.
So I actually think I weaked one near the bottom. I'm trying to clear some liquidity, trying to buy more Bitcoin, things like that. So I actually think I weathed one near the bottom.
I was looking at the numbers.
The numbers were really bad.
The last dozen sales were weathed
and it happened over a course of a couple of days.
Then they ripped from like 0.2, whatever they were,
all the way up, maybe even 0.1 something,
all the way up to like 0.67 where they are today.
And yeah, I think I see them on the timeline. It's good art. People like them. People where they are today um and yeah like i think i see him on
the timeline it's good art people like them people are vibing it's good message uh so what's
happening next i don't know i haven't kept up nearly as enough maybe we owe uh chris and tyler
another show you're down you're down to one plus the honorary now i'm down to one plus the honorary
i got i got two and they've been listed they were like over 2x of all floor and I'm considering delisting
because I want to keep one for the long run
I mean I have my honorary and that's perfect
the two I have they're like
not even like really mid rare-ish
but they're not floors I guess
I'm considering delisting another one
because it just feels like this is the best looking NFT chart we've seen in a long time.
It's, it's looking real nice.
And I just, I don't, um, I don't know, man.
Like part of me is like, yeah, like maybe I should jump back in and get another one.
And then part of me is like, no, cause I don't think, I think part of the challenge of this collection is I don't think there are floors.
They have such a, uh, that's a cop.
like the reality is minor,
they did such a good job with the traits in this collection and the badges and the collector scores that you're seeing a lot of stuff like this.
If you're looking at the screen,
the chart pulled up here.
It foremost ran up much higher.
this is showing a week sale 10 minutes ago, 0.723.
It's semi-rare. Yeah, semi-rare. It's got the
The floor right now, 0.69. The last
There's a few weeks, 1.15.
And then there was a one- one of one that sold over the weekend
a trade so it may not show up 11
it was like 11 ETH maybe is that right
I think it was like 11 ETH plus another cosmic
or something like that but yeah it was it was a massive
sale I don't again I think it was a trade
so it may not show on the chart but
that's the thing is like they did
really good job with the collection and
collectors collecting like when i say we haven't seen a chart this good in a while it's kind of
mind-blowing as i'm scrolling through this it's got like i'm not i was not considering getting
another one i made just a trade like this is one like if you i've been at five i've sold three of
the five i should have been buying floors buying some of these rare
ones because if you did the old nft reveal game and you were you at reveal you were out there
making offers on cosmics and monochromes and like here's one that's just sold for 2.25 and
i don't even know what the big deal of it is i guess yeah it's gold's gold with the good vibe hand and classic gold hair.
So it's like a triple gold.
And these are huge sales for an NFT collection that's new.
Yeah, I'm pumped for the team.
And I'm a little surprised that I shouldn't be surprised.
It's the PTSD coming through through but it's just the collecting
has continued this is not just people buying floors and then you know buying a floor for
it's not like people bought it for 0.3 and they're flipping it for 0.6 most of these sales are
actually above floor steve it's it's pretty incredible congrats to the team yeah and that's
why i was saying like your point about the traits it's like I bought a couple above floor when I bought them because I was looking at them and I was like, yeah, like I like that one because the hair looks like my hair or that, you know, outfit I like or whatever.
And, you know, Dawn bought one above floor similarly because she liked it.
Like I see one I used to own on there that is listed up that I probably I probably should check how bad I sold on that one. But yeah, I just think
when you make a collection that has such
I actually think Doodles is like this
although I know there's some floor Doodles
that some people don't vibe with as much
but generally speaking, I actually think Doodles
fits his mold as well where
there are certain traits like
Dawn likes the purple hair she likes the purple
hair she got one with purple hair like that's
her go to on the doodles I like
ones that have a certain look to them that look like the
OG like I think like people will
shop above floor for ones they really
like in a collection that is really well done with
apes have this to a degree where people will go above
floor for like certain traits they like
for sure although apes with things to blur and things have become a little more fungible in that sense.
But I think a really well done collection.
It's not just the blur launch after the blur era.
It really, I mean, they've had, they worked on this for three years.
And they really did pull a lot of things into the collection that works.
And I just, I think it's been really well executed.
Dort in the abstract chat says,
both one-of-one sales included a Cosmic in the deal,
effectively raising the sales numbers by five ETH.
I didn't realize it was Cosmic's up to five ETH.
Also TMA added as ambassador.
Migos, Pingus, and Apes all collecting hard.
So much overlap, no divisiveness.
Everyone wants to be part of GBC.
Yeah, really, really well done.
Really well, not just the traits and the art executed, but just the momentum they've carried
out of Mint. You love to see it. And we're never going back to 2021. There's never going to be that
mania again. However, this makes me really optimistic that we could see another surge of creators coming into NFTs as a great opportunity to either launch or grow and scale their creative IP.
to have to put in the effort. You can't just go get a Fiverr designer and slap 10,000 PFPs together.
You really need to put, but those that do the high effort and what I'd like to know if anyone
has the Duneport, what has the team earned in royalties since launch? Because this is,
no one's talking about this. And this is what got so many creators excited about NFTs in 2021.
It's just no one's talking about it yet.
I'm going to guess the team's cleared close to seven figures in royalties.
What is going on this morning?
Got to do the plug and unplug, Steve.
Apologies, everyone. hold up apologies everyone i don't know why it is uh not being friendly this morning but steve you should be back now let's get a quick check yeah we should be good now um but i i think the people
on the stream are able to hear me still which is kind of kind of crazy no it's just whatever it is
it we lose the audio on spaces from you from time to
time and it's it's no settings it doesn't nothing change i just the only fix is unplug the usb cord
plug it back in and then change the the settings back to it so you're good now yeah it's fun it's
weird that they can hear me on stream but then that like you go out and i think spaces goes out
so who knows but um yeah i think i think that that many royalties might be high but But at the same time, like, yeah, like they're actually collecting royalties.
And I think Dort kind of nails it.
Dort had this one from the get-go because Dort is a good vibes guy.
I would say like not just agnostic of good vibes club.
Dort is a good vibes guy.
And I think that Dort being such a good vibes guy makes him a, you know,
a good, you know, sort of a,
a nice and a nice and friendly guy who would fit this club.
So he spotted this one early and he's right.
Like if people are just kind of chilling and they're comfortable with it.
I think like a lot of people are like,
like there's nothing to not like about good vibes club,
I guess is my general thought process,
who doesn't like the team who doesn't like the art, Who doesn't like the team?
Who doesn't like the art?
Who doesn't like the mechanics?
I saw an influencer. I'm not going to say
who you would never even guess. A guy who
I feel bad because I don't want to speak
poorly, but it was a KOL a couple cycles
ago. They actually were kind of nasty to me at one point
Not Scheidenfraud because I don't root for people i actually want
people to be happy but there's a creator from a while back who um you know with good vibes club
was like oh no a doodles derivative like you know kicking up or whatever and now i'm getting a weird
echo cap on the on something so i don't know like i don't know if there's something you're doing on
your end or not but like hopefully it's good um but um just being weird echo cap on something. So I don't know. I don't know if there's something you're doing on your end or not.
But I'm just being weird this morning on spaces in the stream piece.
But basically it was like, oh, a Doodles derivative running?
Oh my God, send the space to zero or something.
And it's like, I don't know.
It's not a Doodles derivative.
It's like a good group of people with a good experience,
with an actual business behind it, creating a community based on some value.
So we might want to have, I mean, we should probably get them,
Klainos, and a couple other back on the show
to kind of chat through everything just to see how it goes.
Dude, I don't know what's going on.
I don't know if you can hear me.
I lost you again check check
going well cap's getting everything set in but i have no idea what's going on i switched the port
but it's super annoying i apologize everyone appreciate you bearing through but you can hear me now yeah
yeah it's interesting because a little bit of still hearing me on stream so i wonder what what's
going on this morning kind of funky um i was gonna say we should probably get clay knows good vibes
back on the show at some point to kind of talk about that another team we should get back on the
show i do want to talk about this doodles thing and get your opinion because people are gonna have
to take a walk with me on this one because it's a little
bit complicated and i'm even explaining it to art dude in the chat a little bit which is uh
getting a little more complicated so i don't know if you saw this i just tossed this out on a sunday
i didn't think anybody was gonna care that much to be honest because this is just really nerdy
stuff i think it speaks to the bread guy
talk about things you actually care about
and somehow people might care.
So I do these nerdy allocations on air drops.
On the Azuki one, I got it
how much Azuki each Azuki
is going to get at various market caps.
thing started was I was trying to figure out my airdrop for Doodles and then I was trying to get at various market caps. And the way this thing started was
I was trying to figure out my airdrop for Doodles.
And then I was trying to figure out
other people's airdrop for Doodles.
And there's somebody I know who owns like,
I don't know, something like three or four Doodles
and four or five duplicators or something.
And I was trying to figure out
how much they are going to get from an airdrop perspective.
And I was surprised how low their airdrop was. And then I was surprised
And like, again, I don't care. It's free money.
It's free money for holding stuff. So I'm by no
means like complaining because
it's, you know, I sent my Doodle to Space a year ago.
introduced this soft staking mechanism
of Space Miles a few years ago.
And now that I'm getting the echo again, I wonder if I'm going to cut out from you,
because that's what's happened each time.
So they introduced this space miles mechanism a few years ago.
Or a year ago, I should say.
It was, I think, April last year.
And what I found was this really interesting part,
which was the top five holders have almost 33% of the miles, and the top 25 holders have about half of the miles.
Now, there are 1,800-plus people who have some sort of space miles registered.
So the number I kind of figured out, then I basically dug in more.
Of those top five holders who have 32% of the miles, they have roughly 3% of the doodles
and 4.5% of the duplicators.
In theory, if you're looking at the airdrop,
and I did on the 30% allocation,
which I'll release it today,
but I saw basically my allocation,
I'll have to look at what my allocation would be.
I have it written down somewhere
what my allocation would in theory be
if space miles are a heavy heavy factor
i think uh and not even my allocation i'll kind of give a generalized one but i guess the point
being on this one that i'm trying to make is that if they own three percent of the doodles
but 30 of the space miles there's a chance that these people get 10x on an airdrop that you would
on a normal airdrop so you think of a normal airdrop. So you think of a normal airdrop,
let's say you own 1-8, 1 Izuki Elemental,
You, in theory, when you get 2 Izuki Elementals,
So the team has a decision to make here,
and I'm curious your take on this one,
or anybody else who has a take on this one as well.
Do you reward proportionally to Space Miles,
meaning somebody with like four doodles
is going to get a significantly lower drop
than they would get if they just had four doodles
but those people at the top
are going to get six, seven figure airdrops,
and the people who are maybe holding
two, three, four, five doodles
are going to get a disproportionately less airdrop,
so the whales don't get quite rewarded or
there was i'll tell you another suggestion in general but you understand like kind of the the
math that's going on here in the distribution it's basically saying the space miles introduced
the staking mechanism which disproportionately rewarded the top 25 to 25 people meaning
there's a chance where instead of being a whale and getting a large airdrop that's one-to-one like
hey if i own one i get one if i get two i get two max and if i own 100 i and getting a large airdrop that's one-to-one, like, hey, if I own one, I get one.
If I get two, I get two max.
And if I own 100, I get 100x the airdrop.
These people are getting a disproportionate reward for being at the top
if space miles are the sort of deciding factor.
And just to kind of share one more piece of context on that,
that was my shared tweet.
I'll share one more piece of context on that just to show the 8270
tweet who might have more alpha
because he is deep in the community. He says,
Ever knew the Doodle Space Miles rules long ago?
Don't go crying just because you ignored the potential
of them. I sort of responded. I wasn't
sure if this is a subtweet to me, but I wasn't crying.
I found this fascinating.
my question is, like, your thoughts on, do you take that top five
and give them 30% of the airdrop, even though they have 3% of the supply, or do you try
to distribute it more across your 10,000 holders?
I think they should reward the space miles.
That's what they, the entire time they've been meeting the drum, participations, the
alpha, participations, the alpha, participations, the alpha.
I think they should reward the space miles.
They should reward the people who bought their packs.
And if they don't, it's going to be a big miss.
Like the entire time they've been pounding the participation drum,
participation is the alpha.
And if they don't reward those individuals,
that's going to upset a lot of those people.
Basically, they're going to kill their future participation for DreamNet
if the people who've been participating this entire time
don't don't get outsized rewards so that's where it gets complicated because let's say
somebody owns shame on doodles shame on them for not for not doing what they have the team asked
you to do no no but let's say they own four send them to space day one have like four duplicators
bought a bunch of packs they would still be like
disproportionately lower meaning like their reward would not be what you would expect if it were one
to one so like like why because they haven't had them in space long enough no even if they've had
them in space the space miles basically the space miles took people and if you had more doodles and
more rare traits because they gave a premium premium to owning rare toys and things,
to say, hey, owning rarest matters, owning more duplicators matters,
That's what that second chart was.
So basically, if you're at the top, it's not necessarily about being a whale.
It's about owning the right doodles, and it's about owning,
and as time went on, owning the right doodles and the duplicators
just spread out that spread, so there became this disparity where you might own four doodles
and you've launched since day one.
And someone else might own, you know, 10 doodles.
But those 10 doodles have certain traits and things
that were given in the premium space miles.
They might own a few more duplicators.
And slowly over time, that spread.
So the longer the soft staking happened, the more the spread happened.
So it's like the longer it was going, it means that somebody who might have participated in a way where they say,
hey, I can only afford to own four doodles.
That's a lot of money to me.
Or I can only afford to own five or six or two or three.
They've slowly gotten that distribution more and more from that top five to 25.
So to your point, someone could have bought a ton of packs,
somebody could have done all these things,
and unless they decide that they're going to really reward packs
or really reward those tickets,
the ownership of the rares and the largest numbers in space
slowly spread out in time.
So those sort of, like, dolphins, those maybe mini whales,
the people who get hurt the most by this
would be somebody who owns three,
four, five doodles because they would have held at state from day one as
but they would have seen that spread go up where that top five to 25 who
played the game correctly got more disproportionate rewards.
And the longer the time goes on, the longer that spread goes.
So go ahead. Where do you even find the space, the longer that spread goes. So, go ahead.
Where do you even find the Space Miles site at?
I know I do this in space. I don't even know how to get back
to it. Yeah, it's kind of
complicated to find. You need to log into your
studio account and then click on the Space Miles
How do I get to the studio?
So, it's just doodles.app.
And you go to doodles.app. Get started?
Yeah. And you can just go to doodles.app. Get started? Yeah.
And you can just go to doodles.app.
Slash space slash tracker.
And that'll actually give you a really clear answer.
And if you want to find your specific space miles,
you need to search your wallet.
Because your wallet is...
My studio wallet will show I have zero space miles.
But then my actual wallet with my space guy
will say that I have like like 6200 or something um but
yeah like you basically it's doodles.app slash space slash tracker will get you the number i
basically pulled the data from there pulled it into a spreadsheet cleaned it up got the total
number and started looking at percentages i was just surprised to see the spread so your answer
is because the other thing that was introduced and i want to get well my answer i'm going to read
i i just looked at the leaderboard now and so my answer is going to the other thing that was introduced, and I want to hear. Well, my answer, I'm going to read. I just looked at the leaderboard now.
And so my answer is going to be they need to tear it out.
Like, otherwise, it is going to be too heavily weighted.
Like, even at the top 10, number one has almost 4 million miles.
Number 10 doesn't even have a one-tenth of that.
doesn't even have a one-tenth of that they have 300 000 miles so it's like it is so the top you
know the top four have five six seven eight like eight to ten million miles and and that's probably
more than the next hundred combined like it is really heavily weighted at the very tippy top
right and that's actually the the point that i was making that those are the surprising discovery so like but based on your methodology what that would do is that would
potentially piss off those whales right because you've been doing the space miles for a reason
and you would have in theory played the game exactly correctly right like like when somebody's
trying to get a kaido airdrop and they get to the top of the leaderboard, they percentage want
to have that leaderboard representative, right?
to your point, that's the conundrum
I feel like they're in is I feel like it's a very tough
situation for the team where to your point about a
is it fair for one-tenth of the
miles to get less than one-tenth of the miles
to get the same as somebody who did 10x the work in theory?
I don't care as long as the position 1,151 gets as much as the person in the top 500.
That's how they should tier it.
I kid, but it's like I'm outside of the top thousand.
Am I going to be fudding a drop day?
Yeah, well, and that's what's tricky about it
is I know a lot of people who, again,
it's just like they stake day one.
They might have one or two doodles.
That's all they can afford.
Out of 10,000 doodles, yeah, go ahead.
Yeah, out of 10,000 doodles,
only 3,500 have been sent to space.
And it says, like, you know, Banglog saying, I feel most holders that have sent their doodles to space um it is it is interesting um like and it says like you know uh bang log saying i
feel most holders that have sent their due to space won't feel uh cheated out i like here's
the thing like i don't have a strong opinion one way or the other like to me it's like if they
decide that they want to tear it out it's a decision the team makes if they decide they
want to reward the whales that's a fair decision the team makes if they decide they want to have
some sort of like de-escalating sort of number as it goes up where there's
diminishing returns i think that's fair it's a smart team they'll figure it out i'm not trying
to flood the doodles because i know some people i think got upset it must have caused a kerfuffle
based on some of the responses i saw what was who was mad though uh i don't know but based on 82's
response saying everyone knew so i tweet this just thinking nobody's going to care and his response
was everyone knew the doodles space miles
space miles rose long ago don't go crying
just because you ignored the potential of them
that there must have been some sort of discussion
of Van Log who also has the
in his pin post i just put put that up top i'll be curious to dig into that because i was well
i'll get into that in a minute here um 82 and another one where he quote tweeted me i missed
this one before saying a few months ago everyone was clowning space miles and those who trusted
the team i don't recall that but must have happened in doodle chats and he goes now everybody
wishes they didn't fade the team and are asking for the miles to be less significant fading anon so i assume there must
be people in the doodle saying this because i certainly didn't say that in my post i think
maybe he's trying to say that that's what i'm implying by my post wasn't what i was implying
by my post though like what i was implying by my post is this is really interesting nobody else
like i'm fascinated by like watching this space
unfold they introduced a mechanic that helped people show loyalty that mechanic changed a lot
of things von fronten saying it would be more interested to see understand the miles per og
number one is number one because they own a bunch of ogs uh they make they will make a ton because
the number of nfts they. By the way, in my calculator
I was playing around this weekend, I did have a base
cost for doodles. Hopefully
it's tiered slash spread across per OG
basis. Number one still makes a bunch because
of their holdings, but smaller holders. But I guess
I gotta look at the numbers, but
number three, for example, I think number
number two had 37 dudes, but maybe they're more rare.
So like, so on Fronten's point, does the number two get less than number one or does the Space Miles factor in?
It is a very, very complicated scenario.
I'm excited to see how Vanglog did the math because I was trying to do the math with 30% out of location.
trying to do the math with 30%
out of location, then I did like maybe 25%
of the allocation goes to, you know,
OG doodles and duplicators with
90% doodles, 10% duplicators,
and then Space Miles come into play. Every
calculation I've done on it is really complicated.
FUD to the team. Like, people are, again, I think
people took it as FUD. That wasn't intended. I was not
crying about Space Miles. Certainly wasn't intended
by that. It's just an observation of a fascinating mechanic and thinking of like how
would i handle this of them in a team because like cap your point about tiered rewards if
someone with 400 000 space miles gets the same as someone with four million
that doesn't feel good yeah or if it's just a little bit less it doesn't feel good right because
you did everything you were supposed to do but at the same time if someone with 20 000 space mile i think it was uh someone around 30 000 space miles had like i gotta check
the numbers i think it was like four dudes and four duplicators or three dudes and five duplicators
that's hard like that's hard for them to be like so i get a very strong disproportionate last one
i've done everything i can this is what i I can afford. But on the same side,
like the team's got to reward the whales.
who are holding up the collection in that way?
Do you reward the people who are your,
Do you reward the individual holders?
do you keep it all in-house?
Or do you think there's any chance they work with
one of the InfoFi marketing agencies
like the Kaidos of the world? marketing agencies like the kaitos of the
world that's an interesting way to say um well hey i hope they do because i just got like 6k
impressions on that tweet about dude by the way i think i shared i i had a few hundred bucks of
boop on my dgen wallet it was absolutely because i i well i shouldn't absolutely i'm i'm now near
certain that it was because i did have my Solana wallet tied to my Kaido account.
I didn't think I had added it, but it was in there.
And I saw a post from the CEO, founder of Kaido that led me to believe that's where that boot drop came from, was from Kaido.
Yeah, so maybe they'd use something like that.
Maybe they introduced Kaido to get a social file element or do their own social file thing.
Again, really smart team. I wouldn't be surprised if they could build their own without having to go through Kaido and pay that fee. They could be really good about it. They could reward people who have like, you know, and I think, um, I think the advantage of paying the fee though is, is they do their own. They're going to get all their existing base talking about it a little bit more. I go in the Kaido route. You get a lot of other people talking about your project that previously weren't and probably wouldn't otherwise now
are they just going to dump their dude and move on probably so it's it's you know there's two
sides to it but i i you know when you i think i prefer that route as opposed to let's give everyone who's
transacted on Solana over the past year,
I would be inclined to agree.
I'm going to see if I can find it because rare ads asking,
did I check what occurs of a holder were to buy today?
I did something that gave like a base.
I'm going to see if I can find my base numbers.
Cause I did at some point find a baseline um that i guessed on so the baseline i did was i did a baseline of uh
uh of like if you own a dude i did so many numbers in this it was so fun to play around with
i did a baseline at one point like if you just have a dude and it was like i allocated
like 25 of the like just thinking like okay like owning is important so if you take 25 of the 30
airdrop i think might have been the number i use and based on that i guessed like what a baseline
dude would be and put a baseline duplicator would be i think i actually deleted the tweet thread
that i had which means i got to start over but that's fine because i want to redo some numbers
I'll see if I can find it here, but I did do a value.
Oh, so my baselines that I came up with,
so this is based on the logic, so for Rare Ed,
this is probably wrong. Again,
I got the Izuki one pretty right, but this is way more difficult.
dude and duplicator base value based
on market cap with the logic that
I believe it was 25% of the 30%
with 10% duplicators and 90% doodles
based on that 25% allocation.
At a $250 million market cap,
a base dude just with no space miles,
I had it $1,687 and a base duplicator at $200.
That was the number I had there at a 500 million.
So 250 million is the working number I had there at a $500 million. So $250 million is
the working number I've been using for most things.
So I did Rare Ed do that number
guessing about $1,700 per
doodle at a baseline level
and $200 per duplicator at a baseline
level if they do it that way, which
again, that's just a wild
shot in the dark guess because it's really complicated.
It's much harder than one-to-one.
But yeah, man, it's hard.
It's like, I guess like my more than anything,
like I love the fact that they took this more creative mechanic
and they said, hey, holders, soft stake.
I think that's really smart.
I think over the year, though,
it maybe had this unintended consequence of separating
haves and have-nots pretty hard,
and now they have a decision to make.
And it's, again, I want to use
Venglog, I'm going to use
that Cap said you pinned it,
so I'm going to check what it says on mine for your
airdrop and see how close it is to what
I had, because I shared one
over the weekend, So I'll go
to that, but I don't know. I just, I don't envy anybody who has to do these airdrops because it's
really hard to, Oh, he, he did a whole calculator based on due to his allocation space miles out
duplicators allocation. So I need to really dig in to make this um make this worthwhile um
and try to figure it out because it's uh it's hard to um it's hard to do without the uh i'm
just gonna type in my space miles based on the numbers he has in there already and give a general
calculation to see what it gave me where it's like okay so it'll dump most likely like i like
unfortunately i'm rooting for it but i'm i'm expecting to dump although i'm cautiously optimistic rooting that dream net hits i just i
just i i i'm really i'm still struggling to get my brain around why they would launch dude when
when dream net's not ready and i hear dream that's coming soon so why not just time it up
i i don't i don't get that but i the the
the thought in my head now is this is much more like a virtuals than it is a meme token and that
i'm i'm bullish on if they can pull it off there's a massive executional risk but if the platform
sticks i don't think they're going to find the users outside of this space but if they can at
least get a core group of users that stick
and they become daily active users to where there's some demand for the token,
there could be something there.
But I'm fully expecting a massive sell-off on claim day.
By the way, Vanglog, you are incredibly awesome. I need to play with your
calculator. Your calculator is far...
I mean, like, I need to...
I like playing around with myself
like, wow. I like playing around with the
numbers myself. That was a messy one.
playing around with the numbers myself in like,
you know, like basically using my
quant chat GBT with like numbers
and pulling the numbers and cleaning the data and stuff.
But your calculator is awesome.
The fact that you have all these different sliders you can play with,
I would recommend adding a $250 million market cap
just for the sake of like $250 million
is the number I've been playing with at launch.
Numbers were a little higher than me for Space Miles
that I came up with for mine,
so I like your calculator better than mine.
But that is an amazing tool.
Really, really nice job there.
That's really cool, I have to say.
You mentioned your quant chat GPT.
It's getting scary, Steve.
I've been using it every day.
and that's my research for the daily MLB slate for the underdog basketball drafts or the underdog battle royale drafts
yesterday you know sundays it's like an afternoon take it's it's uh usually an interesting slate in
baseball because people will take days off and it's just, it's afternoon games instead of night game. Anyways, long story short yesterday's it's it's take yesterday was very like
like I asked for the top three stacks and as well as the top three
it's number one stack was the Baltimore Orioles.
Not many were on the Baltimore Orioles yesterday.
they've been slumping pretty hard,
The opposing pitcher only has a 9%
And a league-worst 41% hard hit
It gets a boost in because it's hot out
Not only did the Royals explode I i'm sorry the orioles explode
so did the royals the royals set a team record yesterday in home runs and this is like i didn't
see another talking head at all i'm not spending much time researching it but i didn't see any
anyone talking about the orals royals game yesterday and it was the top stack that chat
gpt stood out i just ran with it did builds. Unfortunately, I didn't get the right players in the stack
because one of them hit two home runs.
I did not have Jackson Holiday.
But it's eerie how good it is becoming at predicting sports outcomes.
By the way, we've got to give Billy some credit.
Billy Betts picked the Kentucky Derby winner over the weekend
after having picked the Masters champion.
I know sports aren't entirely predictable, but.
I'm ready to say that chat GPT, maybe it's not achieved AGI yet, but I'm pretty confident in saying it is a better analyst for predicting outcomes than than humans already.
I'm doing math on dupes by the way,
it's actually probably going to change the way we do everything.
but the idea that you can actually go in and get like real time advice,
like this performs better based on this.
It's not just giving me answers.
It's giving me actionable advice that is so far
i know it's a small sample size but over the past month insanely accurate more so and this is i'm
not just saying this all because i you know i this is a an arena that i've been very deep in
for over the last 10 years and i've consumed tens of thousands of hours of content and over the last 10 years, and I've consumed tens of thousands of hours of content.
ChatGPT has become my go-to talking head.
Yeah, it's become my go-to everything, honestly.
And it's scary because the more dependent we become,
it's like sort of what search was back in the day
and what social media was.
The one thing to be cognizant of
now that we know what happens with social media and with search is google can directively maybe move the needle a little bit
we saw that we've seen this during elections where they push one way or the other on certain
search results on google uh where they can you know prioritize certain things uh on social media
certainly it can drive you in certain directions in fact you know we know that you know certain
foreign governments use facebook to tinker where they would try to organ i believe there was like one don't quote me on this because i don't want
to be like way off but like we're basically i want to say it was i actually don't want to say
which foreign government because i don't remember which one but basically they had like a you know
defund the police and police rally that they had at like the same area they organized at the same
place through fan pages they set up which seemed very legit to try and cause a problem out there. I want to say it happened a few years ago.
So that's the extreme end of it. But on the non-extreme end of it, my aunt Phyllis can go
ahead and share anything that has a picture and some words on it that comes from, again,
a foreign government or maybe somebody who's just trying to cause a problem. And they can have that
work. So we know directly social media and what they search in our feeds in fact this has been my complaint recently about x with my x social media feed is
when i go to for you tab it's like elon tweets and some political stuff that i don't engage with
and so i go to lists i've created in my following tab but the reason this is important to say is
that you know we were having a conversation we had a conversation months ago maybe even years
when we were talking AI on the show and how I thought that there would probably be an entire industry around SEO within chatbots
because SEO within LLMs can make a huge difference.
And I think that this is one of those examples where
what we get served within our LLMs can change the way that we do things. We will
take certain vitamins based on it. We will take certain actions, exercise certain ways,
change certain habits. In fact, you know, I shared some vitamins over the weekend. I had
some people telling me that one of my vitamins has some bad research on it and I dug into it a
little bit. ChatGBT suggested it, said everything was all all safe. I think there's a lot of danger here, but
also a lot of excitement, if used correctly,
in understanding the full scope
of rules that go along with it.
Want to ask one more question
on the SpaceMiles thing before we
keep running out of here.
which I actually wholeheartedly disagree
with, where the top miles maybe
have to vest over a period of time
to get more because then they're incentivized to hold.
I think people would write if there's a
vesting schedule. We saw this with Pirate Nation and Blast.
yes and no. I like where he's
wouldn't, I think how it's packaged is
important. So, don't force
Make it a very attractive staking incentive option would be my... This is also, though, like it's a lot easier to do that if DreamNet's live.
So this is where I'm having trouble connecting dots that I'm not aware of yet as to why they would rush the dude token when, for all intents and purposes it seems that dreamnet is weeks if
not months away i just because if that's live then i could think of like we're not even knowing what
it is like you know you could do basic you know elementary staking stuff there and and i just
yeah i i think they need something but i would I would probably go staking with some incentives over forced vesting.
Yeah, and I think that that's like, I guess, it's just, I don't know, any forced vesting or any, and I know you're not saying forced vesting, you're saying staking, incentivization, but any vesting schedule like that, if it's not pre-announced, I mean, again, Pirate Nation, they went nuts when it was basically like a six-month vesting schedule,
and the second you claim it, the rest is burned.
I believe it was Blast had some whales who needed to wait on unlocks
after they had their airdrop.
I think if there's going to be a vesting schedule,
now again, there's another factor here,
which is I think the Doodles team is very in touch with their whales
and top sellers, or top holders,
and therefore they're probably going to net out in a good place with them
because they say they do a very good job managing those,
at least from my understanding.
Like they seem like the most excited holders or most engaged.
They don't seem to have as many disgruntled whales.
But Lacko's made the point where Pranksy sold a bunch of rares close to the
Maybe Pranksy's just knew about a besting schedule or something.
You know, like that's always also possible too,
because, you know, selling so close there is interesting.
Is he out-out or is he still holding?
Pranksy's still holding, I believe, a ton.
I'll have to double check on Pranksy's public wallet,
but I believe Pranksy's still holding a bunch.
I think they do a really good job rewarding.
I think they do a really good job rewarding their top holders in a variety of
Like I think you do a really good job putting them in films,
putting them on McDonald's cups.
Like that is really utility to me.
So I don't want to downplay that. this is a discussion that i thought was worth having because
i just i don't know that we've seen an airdrop mechanic like this where there was such a
dispersed difference where like i was explaining to art dude art dude was like well wouldn't one
doodle be two and two doodles be two x yada yada yada and i was like no and i gave an example where
i saw someone with like 25 000 points i think and someone with
300 000 is 12x with i think 5x the doodles and 7x duplicator so that's again that's a
2 3x return on their investment on the space mile so um uh venglog said just pranks he just
wasn't happy with the ai approach and kind of changed which is also a fair move if a whale is
just like hey this is like, we talked about that,
where it's like, if it's going to require more participation
versus previously, it was like,
hey, hold some rares, get in movies, get on
McDonald's Cups, that's pretty cool.
It could change how people think of it. So,
I don't know. I'm not trying to, um,
any negative things. I just like the airdrop
calculations. I did it for Az Zuby and some other ones.
And I just think this was really complicated.
I don't know what the right answer is.
I just want to have the discussion because I thought it was interesting.
And I think some people thought I was trying to FUD wasn't the case.
I'm so fascinated to see how the teams utilize space miles versus just
holding versus being in space.
And they've told you like
participation in the alpha
this is the highest form participation I guess I don't know
so I guess we'll see where it nets out
I just I really hope it is
a yeah we talk about dude for
and then it's out of sight,
out of mind. I just, I hope, and I'm not,
this isn't a shot at the team. I just, I hope this
because I want them to succeed
dropping a token without any utility
right now to a bunch of NFT orders is
Yeah, and like, you know, there's a chat. I don't
want to like say who in the chat, but someone mentioned like the people who should be complaining are the ones
who bought toodles based on order boarding events like Tiff or McDonald's
that would knock out the same allocation as those who launched into space
It's like that catch up mechanic.
I am also rooting for the team because I like the team.
I'm going to do a good job.
clarity on exactly what dream that is, how it works
and how the token fills into the ecosystem,
it could be pretty cool. It could be a pretty cool thing
and it could be a lot of opportunity to
continue to build out and reward their best holders
and make something that's fun to play with.
Anyway, that was sort of like the... I just it was an interesting um conundrum i guess that
they're that they're sort of running through and i don't have a clear answer um cap i actually
wanted to hand it to you for a second to talk boop i know you were excited about boop i know
you stay excited about boop i did not launch or create a token yet. You should. So what's that?
Like, again, I challenge everyone.
It's nearly unfindable in the current UI.
And the more and more time goes by,
I just pinned up a post from ICO.
It says, took less than 72 hours.
The incentive flywheel is strong.
No reason to not launch on Boop, at least as long as they're giving out daily tokens.
This was a quote tweeted.
This is one we talked about last week where he said, sometime in the next two weeks, a
group of large pocketed players manufacture and moon a gigasender on Boop.
Timeline gets flooded with staking rewards from the 5% airdrop to stakers.
Heavy sustained buy pressure to offset airdrop unlocks.
These guys know short-term incentives better than almost anyone in crypto.
We're just talking about user incentives.
Dingaling updated his profile.
Most people weren't aware that Dingaling is more than just a prolific NFT trader and collector.
more than just a prolific NFT trader and collector. Dingaling is the former chief revenue officer of
Binance, the largest exchange on the planet. Dingaling was a founder of PancakeSwap, a DEX that
launched shortly after, I don't know the timeline. it basically vampired Uniswap and still a fine functioning
He's a founder of LooksRare, which was short-lived and did not have the...
So correct me if my timeline is wrong here.
Obviously, OpenSea was the NFT marketplace.
It was 99% of the volume last cycle then came along
i think it was looks rare and then blur and there was some others like x2 y2 and some other smaller
platforms in there but i i pretty sure looks rare was the first attempt at a vampire attack on open
c and it it sustained for a little bit i think we shared last week its market cap on the Luxray token was like
quarter million, 30 days afterwards.
it lost to Blur. Blur had
just built a better Ponzi.
But sharing that, you've got an
individual and a team that have
They have second mover advantage here with Boop,
or not second, rather fourth, fifth, sixth,
where not only they've seen the success
in how PumpFun has done it,
but they've also seen a lot of other protocols
attempt to launch other launch pads and fail
or not gain any traction.
And I think it's safe to say already
that Boop has become the number two
why am I drawing a blank?
are you talking about Radium?
large user base reasons they could,
they didn't launch with any real strong incentives
like it was a poor vampire attack it made a lot of sense in order for them to run a launcher
or to launch a launch pad but they just they didn't have the user incentives and
while i understand that the real people making money on pump.fun aren't the end user,
aren't the retail trenchers, it's the whales and the MEV bots, that's not 100% of the space.
There are trenchers. There are retail users here. You don't want to call them retail users,
call them whatever. There's people that wake up and they spend 10 to 12 hours a day in the trenches and they're creating coins and they're buying coins.
There's no reason for those users, those specific users, to launch their new token because some viral tweet just went to go over and launch it on Pumped Up Fun while Boop is giving away hundreds of thousands of dollars a day to people that are using their platform.
He's done it before. Did looks rare, last, no. Pancake squab, still viable.
Binance again is the dominant exchange in this space. Now I don't know how much credit you give ding-a-ling for that, but find me another founder in crypto that has worked with three organizations, protocols of that size.
They've got the experience. To ICO's point, they understand the incentive game as good or better
than anyone in the space. And they've also had experience of of not having a sustainable vampire as they did with
looks rare like that the the i don't call it a failure because i'm i would imagine that dingling
and everyone else that was involved in that team of looks here they probably made seven eight
figures each on that on that launch so it's probably a very successful marketplace for them. It didn't
sustain. I would imagine that they learned a lot from that lack of sustainability. I'd imagine that
they said, okay, this specific mechanic didn't work. So let's try some things differently.
And if you remove the thought of, oh, I have to create a token to claim my airdrop and just focus on everything
else they're doing. Man, it's blur vibes. It's blur vibes all over again in terms of
capturing the attention, capturing the mindshare, building a good Ponzi. And I've been saying this
for maybe a year now. Why isn't anyone coming in and launching a good vampire on pump.fun?
They're printing money, hundreds of millions of dollars. And no one has up until now,
we haven't seen a single good vampire. I'm not saying that Boop unseats pump.fun. I'm not saying
that Boop makes more money than pump.fun. What I'm convinced of, they're capturing market share.
And this is going to go for a while.
Like it's not going to be zero tomorrow.
People aren't going to stop using it tomorrow.
I don't know if it's 30 days.
I don't know if it's 300 days.
I don't know if it's three years, but this isn't going away.
This is not just some snot-nosed 18-year-old that thinks,
oh, this is a hot happening space right now.
I'm going to launch a mean coin launch pad and I'll do a vampire attack. And I'm going to,
you know, we're going to capture like this team knows what they're doing. Like give them some
respect. Unless, unless you have built Binance or something on its level, then be critical.
But right now they're running circles around every other team that has attempted to
compete with Pump.Fun. What did I say that's inaccurate there? I want to bring up another
thing. I don't know if you hit this real quick. Well, I stepped away for a second and jumped back
in, but Ding tweeted about the staking of boob. So one of the mechanisms, if you stake boob,
you get certain parts of each airdrop. And this is what you mentioned that ICO Beast referenced, but to make
it very specific, if there's
52 million boob stake right now, if you
stake, that's $13,000. I like
how in the world of ding-a-ling, $13,000
isn't a lot of money. Just says it
as it's like, oh, you know, just $13,000
stakes, you would have received $300 airdrop
of port. Anyone good at math want
to calculate the APY on that?
This is just one token as well.
What happens when we start getting multiple eight-digit runners a day?
Or when we go back to that, I don't know if anybody in the thing
has calculated the rough math $300 return.
Here, let's see if this person is correct.
I don't know that I'm seeing in the comments.
Rough math $300 return on $13,000 is 2.3%.
APY, now imagine that across multiple tokens.
So I think that's the idea.
It's creating an economy that tries to get people
to participate, to launch, to say,
why would I launch here versus anywhere else? Because you have an
advantage because you get a percentage of token because you get things for doing so.
So it's the first time. It's the first thing we've seen in crypto, Steve, where people like you and
I, who we're not going to go spend 10 to 12 hours in the trenches every day. And to be six, to be
profitable in the trenches, you have a significant edge. If you're spending 10 to 12 profitable in the trenches, you have a significant edge if you're spending 10 to 12 hours in the trenches every day.
From my perspective, this is the first thing we've seen in crypto that allows people like you and me to participate in the upside of the trenches without having to actively be in the trenches.
Yeah, the staking mechanism is really interesting. It's definitely a consumer product. And here's one of the things that I get
consumer end of things, or on the
brands that don't reward their communities very
well and don't seem to care, whatever, yada, yada, yada.
have a user to have a product.
Amazon didn't turn a profit getting people to use its product for years.
I know it's a very straightforward product.
It's a little bit different.
Companies like Facebook try to enhance the product to make it sticky
before they were turning tons of money.
The reason why Abstract seems like it's going relatively well so far
is because they have a cult of users who go on and use the product.
And so therefore, people get rewarded,
and they're finding different ways to participate,
and the brand is rewarding them right back.
Boop is saying that PumpFun is not a product that rewards you.
If you are a onesies and twosies user,
or you just want to participate through staking,
and they're trying to get actual users of it,
and they're trying to go after that segment
I think sometimes we underestimate
the importance of building an actual brand
and actually having a group of people
You can build the best stuff in the world,
like one of the great things,
both things about doodles communities,
the amount of people who are interested in the airdrop discussion because
they are so passionately involved with it.
You should have a core user base.
You should have a core community.
And my inclination is that what Ding is trying to do here is start an actual
user base of people who are brand loyalists to try and vampire attack pump fun and by adding
disproportionate rewards and again to the point in the chat i know drew crit mentioned it you
mentioned it as well like looks rare didn't work out so well but you know this is a little bit of
a you know this is a good opportunity where they aren't just going kol shopping, but they're actually giving you a reward for holding,
a reward for launching, a reward for using the product.
That said, I did check my airdrop allocation again.
It is down more than 10% since then, since I checked it the first time.
So it's definitely down a little bit, but holding strong, it sounds like, to some degree.
But I think my airdrop was my 20,000 boop that
I'm not going to claim because it's not starting.
It was like $7,500. It is now $6,300.
But still holding relatively strong,
stronger than I would have expected.
what happens. And by the way, I know you asked
in the other thing, do I have my Solano linked to Kaido?
I have no idea. I don't know what i have linked to kaito besides
my ex honestly um you should link it because i don't know if i need i think you might still
be eligible i think it might be retroactive if you link it i don't even know where to link it
i can't even see it says change your wallet as an option no i missed a lot of wallet on there
i've still a lot on there so i did link my in my Sol wallet, it's just my Sol wallet didn't do anything apparently for me.
So, someone also was telling me that I don't need to launch a coin to collect a Kaido airdrop.
I don't think that's true, right?
It is if you have your Solana wallet.
So there's two. You just have to have your Solana wallet linked.
Right, but like, do I not need to do anything
and I can just clean this airdrop?
There's one for your Kaido KOL.
That's the one where you got to
create a token to claim it.
The other one is just the DGN claim
that's linked to your Solana wallet,
has to be linked to your Kaido account.
So. Got it. Yeah. it yeah so so but yeah but either way if i connect my wallet it says you're not eligible for an
airdrop only if you're but you need to make go like go into your kaido and like if you click
in the upper right on like your your profile like next to your Yaps, like the upper right, and then right below your...
Right below your... Right below your name here.
Change your wallet. Do you see that?
Yeah, it says... It has my Salonawa link.
Okay, so if your Salonawa is in there,
then on the Boop claim page,
you just disconnect from the one you checked. It's here the 20,000 and connect to the Degen one, and that would, if you're eligibleable, it's in there. Then on the Boop claim page, you just disconnect from the one you checked
that shared the 20,000 and connect to the DGN one.
And that would, if you're eligible, it would be in there.
So whatever reason, I haven't done a ton of meme coin trading,
but that was, it was a little surprising,
So I am out of luck on the claim.
And yeah, like the question was,
do I need, Kaido shouldn't require,
I mean, Beasting shouldn't require it.
I mean, Beasting is saying that the meme coin airdrop requires a token launch.
The Kaido one shouldn't require it, but it appears it does.
No, it's just you didn't qualify for the one that doesn't require one.
The one that doesn't require one is the wallet.
The Kaido one does require it, is what it's saying.
So I'm not getting rich anytime soon off that.
but congrats to all those who have an R,
186 out of 300 spots remaining at my tier.
So other people will be able to claim that as it goes.
hopefully claim their, uh, claim their, uh,. And then in 30 days, uh, hopefully claim their,
Here's an example though of like knowing it's,
Do not buy two minutes ago,
launched two minutes ago.
it went down. Um, I two minutes ago. It went up, it went down.
there is somebody who mentioned the concept
Nick the Dev sold pretty much
all of the tokens, which is smart.
send me a message, and it was an interesting
where they said, launch it.
So it's like, test, do you not buy choose rich uh there's the
sale i don't know if he just sold all the tokens at basically nothing or just dumped them or sent
them to a burn wallet or what but you can see on the opening page it does tie in like okay there's
his at it's right there that's nick got it so it does show that when you're looking at um the
various people like who's launched where um if
it is up top like mark colzer launched like lions here detroit super bowl champs uh and you know
again you can see it went up it went down he's launching it to claim probably i don't know if
he's sold or done anything with it but you can see if you scroll down you can scroll down a little
bit and right there he has he bought 1.9 percent yeah so i somebody had told
me like but you don't have to buy you can launch without buying yeah i would i would i mean i would
just as easily launch and like i i'd someone suggest just send the 99 of the allocation to
a burn wallet and then you know i launched it i burned it i tested i did it so you could do that
but you would have to spend a lot more money to buy 99% of the supply.
Yeah, I don't, I don't know.
I don't want to play in this game.
But I'm glad for those who are, and I'm excited for people who are claiming an airdrop in 30 days.
And I think a lot more people are participating.
Why I'm so excited, it's not just Booth.
It's, we've been beating this.
We need to come up with a better name because
infinite fly is not it but this i like i think this kaido flywheel is just beginning and i know
we're probably different uh our view of kaido is is different uh but i think it's probably the same
actually but go ahead i this is insanely motivating for me.
Like I really want to start putting out more content because I like,
it's very clear to me how much money I'm leaving on the table by not doing so.
We're in position to do so.
Now it's just a matter of doing the work.
This isn't going to be the last big claim for, for, from Kaido this year.
In fact, I think everyone that does well like this, like at this point, I think while people
are talking about Boop, I think Kaido is getting as much attention as Boop from this.
And I just, every one of these that is a good launch, it's, I think, increasingly likely
that Kaido is a part of the next big launch.
Maybe dude doesn't do anything with them because they don't feel they need to because they
have a base that they've been growing for the last four years. But someone
new launching in this space with big plans, it's well-funded. I'd be shocked if they don't go the
Kaido marketing agency route. And for those of us that are here, I agree with ICOBs. I don't know
if there's ever been a better... Well, actually, the best time to start creating content was probably
four months ago. You didn't do it then start today you know
play it to play it to treat a day because i i do i think this could be i don't know how long it lasts
but i think for a while maybe the rest of this cycle we are going to see massive wins coming
out of those that are helping launch these these protocols these platforms and by helping launch mean by talking about them, by sharing what you know about them on the timeline.
It's insane. If you actually step back and just think about the amount of money that people are collecting
for talking about things that in some cases they probably already talk about anyways,
it's wild, man. Like it's really wild.
And maybe this is just naivety. Maybe this is hopium.
I got to think once word starts getting out
proportionately how lucrative it is to create content in this space,
I could see a flood of existing content creators coming in
and wanting to participate here.
Yeah, I mean, first of all, I think we generally agree on Kaido,
which is like, I would say it's social-fi. Like people say info-fi, it's first of all i think we generally agree on kaido which is like it's i would say it's social fi like i like people say info fi it's social fi it is the
you know like and i i would be inclined to agree with you on the opportunity in fact i respond to
ico beast and basically said i'm wasting my time because i like exploring other ecosystems and i
probably just need to pick one or two pre-TGE and sink my teeth into it.
And then once I do that, see where we net out.
Because I do think that there is a major opportunity here, period, for anybody.
Like, I go to the pre-TGE.
So for people who don't know, if you're not familiar with Kaido, I'll sort of share the screen and show it off.
I mean, Kaido is this whole pre-TGE leaderboard.
So you can go up here, pre-TGE arena,
and it shows all these different, you know, pre-TGEs.
It shows abstract, which I participate a little bit in.
I doubt I'm on the abstract leaderboard.
I don't share enough on there.
You know, it shows OpenSea on there as an option,
which, you know, again, is like, you know, we know C,
Mega E, Ethos, which again, you know,
I haven't confirmed a token, but sure could be
I haven't confirmed a token, but sure could be, you know,
one that's sort of hot in the street, Infinex.
So you could go to these pre-TGEs,
find ones that you truly believe
in, and if they are using Yaps
in any way, shape, or form, which I think something like a
Somnia, for example, is. We've seen
Grateful Ape climb up that really quickly. I wonder
where Grateful Apes at on this one.
And it's not just what's out there currently.
It's not like, yes, this is great advice.
If there's something on the launch pad
that you're interested in,
talk about it on the timeline.
Make sure you have your Kaido account set up.
I think what I wasn't seeing until Boop was,
the collective of all this is really the win.
It's not about how many followers you have.
It's not about how frequent your reply guy. engagement error to the real winners now are not going to be the ones that put out, you know,
low effort, high volume stuff. It's going to be the ones that actually put out good, thoughtful, and tenfold content. And you could get rewarded for that from a dApp that hasn't
even been thought of yet. A dApp that's going to launch in six months from now. But they're going
to tap into Kaido, which is going to give them visibility into everything you've put out for the past year.
And they're going to, this is a person we want talking about us as well. That's what's happening.
This was kind of like the aha moment for me with Boop that I hadn't seen yet the power of Kaido.
It's like, oh my goodness. I don't talk that much about meme coins on my timeline, but I've got a Tesla waiting for me if the chart holds because of Kaido.
Because Kaido says, hey, Boop, you should reward Cap because he's a consistent, higher quality content producer in this space.
Boop has no knowledge of me except by way of kaido and this was before i ever
said a thing about boop like that was the big unlock for me is this making sense yeah i i think
like the um the counterpoint to that would be that it's mostly like so so there are two ways
to look at it i think one yes i agree with you i think the counterpoint people would make which
i'm not on board with but just for the sake of putting it on this end, it's like the Kaido leaderboard in a tweet and absolutely crush it.
Like dollar sign bear or whatever that whole thing is or polka dot.
So that's the counter is that suddenly a bunch of people who didn't care about polka dot pretend they care about polka dot.
They get their airdrop, they leave, and the people who eat the most are the high creators.
But I think there is an opportunity for people to climb their way up
if they actually dive in deep.
And I think my recommendation,
if you are a smaller account right now
who is interested in this
or you're not like one of those mega accounts,
like a whale swoosh or whoever it may be,
this is what I'm going to do
as a smaller-ish account,
is dive into an individual ecosystem
and be really dedicated to that
so that the company knows that
you're really about it and you know they're more likely to amplify you because you're putting out
to your point quality content i think a lot of people will be cynical about it and i think there
is some cynicism to be had because there are people are going to eat because they're every
system we're going to be taken advantage of we're in crypto that happens but i agree with you because
i think like grateful ape's a good example on the Somnia leaderboard. Grateful Ape was top
at one point, just playing around
in Somnia. TGE is going to
come up at some point, use the
test net, talked about the test net, climbed up.
You know, Grateful Ape is a big account, but not
a massive account, but is able to get a lot
of attention doing it. So I think that's a good
you know, is climbing their way up but
um yeah why why if you're active in this space why wouldn't you create a kaido account what is
there any downside to doing so in your opinion no no there's no downside and i'm pretty conservative
about things but um i i definitely don't see a downside as, um, I don't think there is a downside.
I think I don't see why you wouldn't because I got a random Kido airdrop and I've gotten
random things that I've claimed and gotten since just because of it.
So no, I don't see a downside at all.
Yvonne Fronten says content creator arc is not my journey.
I'd rather make money other ways, which is fair.
Like, but I think like for me personally, as someone who does create content for my job,
like focusing my sites on the things that are being built
that are on that leaderboard is probably a smart move for me
to then, you know, see what happens come TGE.
But at the same time, you don't have to go all in.
You don't have to make this your job to create content
after you link your Kaido account. But to Steve's point i i don't see a downside connecting your kaido account
um yes you're giving some information to kaido yes you're helping them
grow grow their business and make money but if you're posting on x at all you never know when
you might get a cook like clouded yesterday talked about the the zero day on solana where
allegedly more than 70 percent of
the validators like knew about it and quickly solved the thing and i didn't get it but it was
just a it was kind of like a shit post slash informative post on the what something that was
happening in the space and it cooked it got like a thousand likes and he's the second yapper on the
day right he doesn't he has a smaller account than both of us but he just put out a post about the space and it did numbers and now the next boop that launches
that decides to go back and reward top yappers he's probably going to get a four or five figure
airdrop because he had one tweet that cooked yesterday that's what it's all about here too
it's like you have the ability to jump into that leaderboard and get yourself
I think that's the alpha is like,
talk about what you want to talk about.
That's one way or don't connect.
or connect and talk about things you maybe wouldn't otherwise talk about,
that's been my prerogative.
My prerogative has been, I want to talk about certain things,
so I'm going to dive in on it.
And, you know, like, we'll, you know, and that's where I'm going to go.
So I'm going to probably start looking at the pre-TGE arena
and start thinking about some of these and seeing if there's, like,
cool test nets that I can start playing around on.
And, you know, if I can climb a little bit and do well pre-tge great um
the thing that i worry about is i don't want to get myself competitively keeping up with the joneses
where like i talk about some stuff i climb high and then i'm like oh no i fell to three now i need
to talk more and i get frustrated that's the downside that's the downside is putting a bunch
of effort in and then not getting rewarded with a big airdrop and being pissed that someone else
got a bigger airdrop because they put a shit post out that did better numbers.
If you get too emotionally into it,
I think that's the downside.
and you start thinking Kaido is going to
pay your mortgage for the next year,
that's when I think you could be chasing the wrong carrot.
It's not even necessarily like Kaido paying your mortgage,
but I could see myself just with how I approach things
being like, well, this sucks. I was number one like the entire time and now i've gone down to number
five and i have a lower airdrop and i you know i i shared genuine content and i really cared and
like you know it's like that part where i could see that being like a i stress out over falling
from one to out of the top 10 and what does that mean when that airdrop comes around and then i
you know oh i work so hard for nothing and now is the time to really maximize it and so i think that there's
like that danger that i would throw out there of like getting caught up in the game a little bit
but i know gelazo jumped up and had maybe some thoughts on this so feel free to get in here uh
gm gelazo yeah appreciate it gm steve gm captain um you know what what encouraged me to jump up
uh is when captain said that, you know,
talking about how this incentive, you know,
the action of this incentivizes, right?
The whole Cato airdrop meta of creating content online
and then getting paid for that.
I kind of want to reframe it a little bit
because, you know, you guys do this professionally, right?
Like you guys have sponsors, you guys get paid.
Lots of the small guys like me out here who have been, you know, creating little content here and there on pieces
of things that I find interesting. I do because I find interesting, right? I'm not doing it to get
paid, which is why I think this is such an interesting meta that we're kind of living in
right now. Because people can now create content they're interested in. And because that's valuable
to that ecosystem, they get paid for it. So it's yes, those incentives do exist.
That Flywheel is there to get people to create content
about certain things at certain times.
But what this really enables is smaller individual creators
who are passionate, knowledgeable about ecosystems
to get paid for their interest, really,
and for sharing that with a larger community.
So while I don't think these point systems are 100% perfect,
like I think I got overpaid for my Kato AirDrop, for example,
I do think it's really powerful and allows smaller creators
to really benefit in a way that I think Web3 was designed to.
You can do what you want to do and get paid for it
because it's providing value to somebody somewhere.
And I think that's what this ecosystem enables more than any other.
You know, that's why I think Web3 is so compelling.
You know, definitely think the incentives can be, you know, I wouldn't say problematic
necessarily, but powerful in that it may drive attention in certain areas.
And, you know, the power of these platforms is something we should consider as well.
I think it's great for smaller creators
to write about what they're passionate about
So let me take the other side of that
and get your opinion on this.
Just playing devil's advocate for funsies, okay?
So let's pretend you have an MF-er,
used to host a show that was based completely on MF-ers
and have had a ton of people on.
Talk about them, you're participatory in the ecosystem. And I know this is a weird example on MFers and have had a ton of people on. Talk about them.
You're participatory in the ecosystem.
And I know this is a weird example because MFers are easy.
Zero wants to put them out into the wild and all that stuff.
But bear with me on this one for the sake of the argument because obviously it's something
You've hosted these shows.
You've done all these hours.
And then MFers end up on the Kaido leaderboard.
They're like, hey, mfers are doing an
airdrop where you know satoshi says i have a bunch of money i have a bag you're gonna be able to get
claims dumb so go ahead and get out here to claim okay so we're gonna say this is happening
then you all of a sudden see you get a airdrop of 72 and watch people getting $72,000 airdrops
because these bigger accounts came in
oh, here's why MFers are the greatest thing of all time
and here's why I love MFers.
And you're like, wait a minute,
this person doesn't even own one
and they don't know anything about it,
but here they are with this big airdrop.
And then you sit there and get like $72
and watch these people get $72,000,
get their airdrop and never talk about MFers again.
How does that make you as a creator
who was talking about the thing you're feeling passionate about. How does that make you as a creator who was talking about the thing
you're feeling passionate about,
how does that make you feel as a creator?
Because that is a not unrealistic scenario of an outcome.
Like how does that make you feel as a creator
if that were to happen to you?
That's a super realistic situation
and I appreciate you bringing it up.
So, you know, but before my current position
where I'm a community manager at Flow,
I was working at a company called
HLV. All we did there was tokenomics, token design, token
launch expertise. That's what we did. People come to us, we
help them with figuring out how to launch a token correctly. And
a big chunk of that is figuring out those incentives and
designing systems around that to make sure that the right people
get rewarded. And again, I think that is, and you're
bringing up a valid concern. What it really comes down to, and something Captain touched on earlier,
is these expectations. Expectations around token launches are the biggest indicator of whether they
will be successful or a failure. If they're too overhyped, if people are expecting a $10 billion
it doesn't matter how they came to that conclusion if that's the expectation and it's a five billion
dollar tge that's a failure um people will massively sell so um for for the companies
who are creating these things it's a really really complicated dance of creating hype and
getting people to be excited about it while keeping those expectations
as low as possible, which is effectively impossible.
And the other side of that is you do no marketing, no promotion, a stealth launch TGE, and then
People are getting, you know, connecting to the wrong contracts, claiming the wrong tokens.
And so, you know, it's a really, really complicated system
where you have to do your apps.
And in the specific example you brought up,
If Satoshi dropped something
and I've been a creator doing it organically for a while,
and then some big name comes in and just starts shilling
and they're not even involved, that would not be correct.
So how these, and again, that's why I brought up earlier,
like how these platforms work
and the power that they have to incentivize content
is something we should be aware of, right?
They are, you know, creating armies
out of individual people that seem organic,
but some of them are just farming
and it's trying to get paid.
So you bring up the right issue,
but, you know, there are lots of teams
and companies out there who are very, very thoughtful about this and, you know, do a lot better than I think what Boop has done to properly align those incentives so the right people get paid, feel like they're doing the right thing.
And ideally, like how Cato did their edge up, I think people just created the concept they wanted to create and that, you know, the incentives were aligned so that it was rewarding people for things they were doing organically which should be the goal
yeah i agree i think that that's it and i think the reason i brought up that example which is
somewhat extreme but also somewhat realistic is that that is the theoretical argument against
kaido no to me the answer is you didn't used to get paid for tweeting about things you liked
anyway so like it's free money that you're getting in your pocket and that's like that's the answer
for big smaller medium creators but i do think that there is a a definite discussion to be had
about you know the fact that people do come in pretend to care about things and leave which is
like i think my initial issue with kaito is that you did run into that thing where, you know, people came in and said, wow, this is the greatest thing ever. And in reality,
like it was just, you know, they didn't care. The airdrop happened and they leave. And that's,
that is how some of it happens on Kaido. Like, but you know, it's a matter of like, yeah,
if like you end up with, and it was an extreme example, but it's like, if somebody is super
involved in the ecosystem absolutely loves something and
then a bunch of kols come in pretend to care and leave like i'm seeing this happen i'm not going
to call it out but like i don't know like you see this happen with like avalanche like avalanche
paid some kols so like they're very like that's part of their marketing and there are people in
avalanche who are like i really cared about this and talked about it now i feel like i'm drowned
out right like you know people care about the kols and then i see you know swee seems to be the newest one that we're seeing where it's like you know it's it's kind of
like a hot like you know hot in the streets you know you know uh blockchain um you know the base
camp a lot of people were there and i'm like okay like a lot of creators are getting excited about
swee now i don't know what that means i don't know why i don't know what the you know what the
you know if there's an incentive structure there people are being paid but people are suddenly talking about sweet quite a bit. It's like,
you know, there are people who are in that ecosystem who were excited beforehand. So I
think it's, um, I think it's important to understand that distinction exists, but that's
also just the world, right? Like that happens, you know, if I'm really passionate about a sports
team, the Mr. Beast is a fan of them. People are going to care more about Mr. Beast's commentary than mine.
So I think it's a worthwhile discussion.
Cap, that said, any other thoughts?
I know it's about 9.52, but that's my stack for the day.
Anything, any other cleanup or things we might have missed?
I did, well, a couple of things.
From left to right up top.
I printed a very important poll.
If you miss out over the weekend,
go tell us which generation has shaped the world the most.
Uh, I pinned a post from whale expanding on this topic.
We were discussing this morning.
He says, I think airdrop farming will be heavily dominated by info five this
Uh, talks about the Kido reward station.
If you've not yet set up your Kaido account, is up top.
We're referencing the one from Beast.
Also, the Space Dudos, if you're looking for that link,
it's up top in the Greenie post.
And as well as Vanglo's Dude Calculator.
And then I'll repost the carousel since I was late with that today.
It's going to be all the way to the left as Steve closes us out here.
Go get those reminders for the rest of the week uh we would greatly appreciate it and i feel there was
something else but i didn't i didn't make note of it so it must have been that important or we can
talk about it tomorrow awesome well that's it oh oh i guess i remember what it was it's not really like noteworthy
probably not even worth talking about tomorrow so i'll blurt it out now the family office in dubai
funding the maldives to the tune of eight billion dollars which is more than their gdp um
gonna be interesting development to follow, I think.
Might be moving to the Maldives.
If I didn't have... I often think about, like,
I would never trade anything with my kids for the world.
It's the greatest thing ever.
It's always important to me.
But I always think, if I didn't have kids,
where would I be and what would I be doing?
And the answer is, it wouldn't be where I am right now,
and I would probably do something different. It's just, it is what it is.
Like, you know, I think about like, you know,
Dawn could have come with me to Paris and all these other things that are
different. So it's a whole different ball game, but, uh, I don't know.
I life is long. Medical science is getting better.
I'm taking a ton of vitamins,
which apparently triggered some people over the weekend,
but other people were super supportive.
There are a couple of people who are like, that's bad for you.
That's bad for you. I'll do this all your, um, but, people were super supportive. There are a couple of people who are like, that's bad for you. That's bad for you.
Oh, you're, um, but, uh, I, I, you know, taking vitamins is bad.
Um, but I, you know, I'm trying to live longer.
So, you know, when I am 48, 49, 50, I can start the second half of my life in wherever
I want to be and make it work.
And that's what we'll do.
But, uh, um, yeah, that's a stack out. You reminded me, so I'll get my's what we'll do. But, uh, um, yeah,
that's a stack out. You reminded me, so I'll get my, uh, wait, I delayed, uh, the, the,
all the added stuff. So I wouldn't get, uh, I wouldn't be screen peeping on the show today,
but, uh, we'll, we'll hit it hard after, uh, after, after we wrap here. And, um,
I just like we had a lacrosse banquet last night right and i mentioned my my daughter is just
finishing up her junior year so one more year here at home and then well there's the maldives or
i don't know puerto rico costa rica so somewhere even warmer than florida i think is uh very much
in my future and and i say this like i think we're gonna i don't know how this, like, I think we're going to, I don't know how this works. Like, I agree, you make that size of investments, like, okay, they're the boss now, they're in control. And so I could just see, the thought I had is like the new way to grow an empire might not be by, I haven't thought this series, this may come off really bad, may not be by fighter jets't thought this this may come off really bad may not be by
and tanks and nuclear war
or war in general but rather
oh we're just gonna buy you
we're just gonna fund you and now it's gonna be our island
expanding their empire expanding their...
Expanding their footprint, their empire by doing stuff like this
and giving us more options where we can live in tax-favorable locations.
Different form of world building, right?
And if you pay the bills, you own the empire, like you said.
I mean, my house, my rules,
that's kind of what they're doing with that investment, right?
I mean, it's similar to, you know,
if your parents are paying your bills,
then your parents get to tell you a little bit what to do.
If you pay your own bills, you get to be an independent adult.
Like, things happen, so, and everything in between.
But that said, we'll let everybody sail off another day.
Good discussion this morning, I think, about all the different stuff.
Appreciate everyone who came through to chat.
We will talk to everybody bright and early tomorrow morning
Have a wonderful, wonderful day, everybody.
Thanks for tuning into Coffee with Captain,
We hope you enjoyed the show,
and remember, nothing... Thank you.