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Coffee with Captain Take 2 (Audio issues - join YouTube) - #1,044
Recorded: Dec. 3, 2025 Duration: 1:51:09Space Recording
Short Summary
In a dynamic discussion, key topics included the launch of new projects in Web 3.0, strategic partnerships like REC drinks with Superior Beverage Group, and the Pudgy Penguins' collaboration with the NHL. The conversation also highlighted the importance of professional communications in crypto, underscoring recent hiring trends aimed at strengthening brand narratives.
Full Transcription
I'm on web 3.
And it is what it seems, topping the pyramid schemes.
I'm a fan of the I'm a fan of the
I'm telling you, I'll sell you a percentage on Nebula.
I'm a fan of the
Shout out to this, yo, set it up.
Surfing on the web and I'm shooting at 3.
I've been golden when I got my G. I'm an alien.
Boy, I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the
I'm a fan of the I'm a fan of the I'm a fan of the I'm a fan of the I'm a you, I sell you a percentage on Nebula. Shout out to Vince, yo, set it up. Surfing on the web and I'm shooting at three.
I've been goaded when I got my T.
I'm an alien boy from a different planet, yeah.
So I got my drink.
I'm riding in the 1920s, Model T, Ford.
Car, era, Lord.
Call me Levi, playing on the keys, boy.
And I'm about to put my gloves on.
If I said it, then I meant that.
Yeah, I like that one.
I'm about to get that. Crash that whip for the drumsticks, whiplash. I'm about to get them gloves on, if I said it then I meant that Yeah I like that one, I'm about to get that
Crash that whip for the drumsticks, whiplash, 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, trying to soar, to my bird's eye view
I'm on fire, Ricky, Bobby, cracking the pavement, Whitney, Bobby
I'm a Saki, bomb, Hiroshima, Nagasaki Bruce Wayne been a dog and I keep it 101 cuz I'm feeling kind of spotty
sipping on some rock and I'm sipping out octane the only thing around my neck started off with a bitch
now I got coin I see where y'all going been popping since web one hella hope you're on web two I was living the dream now I'm'm on Web 3. And it is what it seems.
Topping the pyramid schemes.
I'm telling you.
I'll sell you a percentage on Nebula.
Shout out to Viz.
Yo, set it up.
NFT, Twitter, blockchain.
T-ing with the ghosts and we balling like the brown jay.
Crypto, crypto.
We can make a trade, get the memo.
Refuse not falling for the FOMO.
Listening to coffee with Cappy.
You know we weren't wide-day loco. I ain't never gonna stop rapping. Orlando, yeah, we working magic. I Happen since web one, hella hoax on web two. I was living the dream, now I'm on web three. I saw the sad face or the crying from Dobbins.
Quick audio check.
Are we, are we, is it working now or no?
No, fuck.
Check, check, check, one one two check check check one two check check check one two appreciate all the all the support all the double gms did
i thought dort had a peopleeple for a second.
I'm curious who did the, who did the character.
I love it.
Reminded me of my Beeple.
I don't know if anyone can hear me.
I guess let me get someone up here to do a quick audio check,
and then we will figure this thing out apparently it's bad for all right now the Saul was saying audio is cutting in and out all day yesterday.
Oh, we can't hear.
Mel says she can hear, so hopefully it doesn't cut in and out.
I'm going to double check.
Mel, if you can come up, I just want to confirm, and we'll get rolling.
It may be buggy throughout the day.
So while I love all of our X Spaces supporters,
it may impact our ability to have a conversational show this morning.
I went out and came back in and I could hear you on Spaces time. No cut. Is it cutting it out at all or no?
It hasn't, but you've only said a few things.
Awesome.
Well, we're going to take that as a good sign.
Alternatives are linked up top as well.
The X video is still live.
The X audio space is all the way right there.
And YouTube and abstracts should be working as well.
Oxy's getting kicked off spaces.
Oh, man.
Yeah.
So I think here's the deal.
Do me a favor.
Go hit the like repost on the spaces link.
It's all the way to the right.
But probably going to have the best experience on YouTube or abstract this morning or the X video feed.
Yeah, it's been spotty since last night, hearing this from several reports now that
audio has just been cutting in and out across the board. So it's not a,
it's not a my X issue. It's not a me issue. It's not a you issue. It is today really an X issue.
Yeah, we'll power through this. Hit up. Thankfully, we have other platforms that can keep the show moving.
Today, that'll be YouTube and Abstract.
Go get your XP on both platforms.
Still no idea what YouTube XP does.
It's provocative. Nobody knows.
No sound on YouTube?
Ugh.
I just switched mic again just seeing like
basically I'm doing the equivalent
of unplugging and plugging back in
how about
Hizzy says he can hear on YouTube
Dort says he can hear about on YouTube
Osiris can you hear us on YouTube now?
I know this is not great content.
I apologize to everyone catching the playback.
We just got to power through this.
It makes for a better show if we're able to converse.
So we'll do this.
We're going to assume X will be glitchy and buggy throughout the day.
Hopefully they get their stuff figured out by tomorrow because we do have a special guest.
I was saying – so here's what we'll do.
Even if you're going to listen on YouTube or abstract, awesome.
No issues.
Listen wherever you enjoy the show the most.
If you would, do me a favor and at least scroll over to X momentarily.
It may be cool if you hang out in the space just to help with discoverability.
Keep that, I guess you wouldn't have to mute it if we're not coming through anyways.
But the one thing I wanted to call attention to on the space is the link for tomorrow's show.
Got the quote tweet from Roham after shooting a shot.
from Roham after shooting a shot.
They had a big announcement, which we're going to talk about here in a sec.
They had a big announcement,
which we're going to talk about here in a sec.
Probably hold great detail until tomorrow
since seemingly the team is going to join us.
But big announcement.
I will, you can click through,
you'll see the original post from Roham,
which he quote tweeted a post from
the Flow blockchain account.
I said, this sounds like a big deal.
Congrats to you and the team.
Would love to have you on our morning show to discuss any day you can make it, 9 a.m. Eastern work. And he quote tweeted. I said, this sounds like a big deal. Congrats to you and the team. Would love to have you on our morning show to discuss.
Any day you can make it, 9 a.m. Eastern work.
And he quote tweeted that and said, this is the biggest deal I've ever done.
Let's do it Thursday.
So tomorrow will be joining us.
Hopefully X is cooperating a little better.
X spaces, I should say.
But yeah, would love to have a full house here.
I genuinely, I'm not just saying this guy's coming on the show.
Like I think it's incredible moves from flow.
Teacher Katie, thank you for the tip.
Greatly appreciated.
No audio issues over there in abstract.
Every time there's an X update, it does screw with audio.
I agree.
You see me seemingly now, even if people on the same version, it's just,
it's cutting in and out.
Dwayne,
appreciate that big Pingu tip
over there. You guys are going to get me to 88,000
Pingu again if you guys keep this up.
Greatly appreciated.
Yeah, X is just on the fritz.
We're going to move on.
It's not a...
I don't believe it's any sort of
technical issue that we can troubleshoot or fix
this morning. It's just X being finicky.
So that said, still appreciate y'all being here.
Best place to listen to the show today is going to be a YouTube or abstract.
And for everyone, I mean, Payton, probably just cut this out.
When you do, probably just start from, you know, this point on the replay, 23, 24 minutes into the YouTube stream.
And I think we started, oh, it doesn't matter when we started the XS.
I just cut out the first 24 minutes.
As I was saying, Crocs, I didn't flip bullish after the run-up yesterday.
I was confused on Monday.
Monday night, I started thinking a lot.
I saw a few bullish takes, which I shared yesterday.
I'm not going to go back and re-litigate those.
But on the show, in my head, Bitcoin was still $86K.
All I was looking at was a widget on my phone.
I saw the Vanguard news, some other news.
Again, we hit on all the high-level macro-type tailwinds yesterday.
And I said, I think we're going to look back in a few years
and the opportunity to buy Bitcoin in the 80Ks,
we're going to view that similar to how we viewed buying Bitcoin at 16 to 20K last cycle.
It's just way too much happening.
It's a laundry list of tailwinds and there's not other than oh the the cycle's over we're in a bear market i haven't heard like one
quantum computing is the other fud or the other oh it's it's it's bearish because quantum computing
could nerf bitcoin maybe that's just so far out in the future i don't it's notish because quantum computing could nerf Bitcoin.
Maybe.
That's just so far out in the future.
It's not a short-term concern.
And I did... Yeah, DL Bleach was on one lately this week in the chat.
Based on his X experience,
I'm not volunteering to go to Mars
on one of Elon's early rockets, probably wise.
And yes, thank goodness for multi-platform streaming.
We used to, believe it or not, before, if you're new here,
before we went streaming on video,
there was a few times where X-Bases just was on the fritz,
similar to today, but it was even like, wouldn't even work at all.
Once or twice.
And we kept the streak alive.
We went live every weekday morning for today's 1,044 consecutive weekdays, including holidays.
And a couple times we had to do a Discord voice chat show pre-streaming on YouTube and Abstract.
So grateful for alternate streaming platforms today.
Still appreciate all of you tuning in and helping prop up a spaces that is broken.
But as I said, the one call to action, if you could get the reminder for tomorrow's space, looking forward.
We've had Roham in the past, but it's been years.
And I'm not just saying it's because it's coming on tomorrow.
I genuinely am excited about the big flow changes.
I'll maybe fly over the announcement here today.
We'll hit on that, but I'm going to
avoid going into a deep dive and sharing too much of my thoughts because I don't want to be
repetitive tomorrow. Jamber says, crazy there's more people on YouTube than on abstract. That's
a problem for his opinion for abstract. Yeah, it's not great. I don't care where you watch the show but um
and yeah youtube is the main platform for streaming maybe is it i don't know like i'm
asking the genuine question i know it's big big this main platform for videos
i don't know if it outkicks kick pun intended or twitch or quote-unquote streaming um
but when you're talking a space that is likes farming and incentives
there's an active tge farm or there's an active farm on pre-tge farm on abstract
not so much on not so much on youtube even though they they're giving you out XP over there.
So, yeah, it's cutting it out.
YouTube abstract, that's your best option this morning.
Appreciate y'all powering through that with us.
Apologies for the inconvenience.
Half hour cold open of nonsense,
of attempting to get through X technical challenges.
But here we are.
The stream is messing up as well.
Man, it's so frustrating.
Abstraction can be glitchy. It needs a refresh now and then. YouTube always good. I'm hearing
YouTube good. So maybe, Andrew, check out YouTube and see if that works for you. That is pinned up
pinned up top, or you can just search Coffee with Captain on YouTube. You should find us over there.
top. Or you can just search Coffee with Captain on YouTube. You should find us over there.
I'm just going to get going. I don't want to keep battling through issues.
I'm going to jump right in. Let's start here. Let's start with Flow. I'll hit on the announcement.
By the way, if you missed it, my notes filled up. It is a big day. Big day. I'm going to like
one, two, three, four, five, six, seven, eight, nine things already on my list, at least cover.
And now I only have 90 minutes to do so, thanks to X.
Here, I'm just going to rattle them all off and then we'll circle back to flow.
Some of these might be just quick flyovers.
Others will go deeper.
We've got the Fusaka upgrade today.
Ethereum upgrades are the largest upgrade since the merge.
Pretty big deal.
Very few people talking about it.
I want the one nugget I saw was this unlocks up to 1000 tps for l2s uh that's
kind of insane and uh i'm curious i wonder what that if that has any impact for you know the
performant blockchains like mega eth for instance that is claimed you know one of their claim to
fame is a thousand tps or a hundred thousand tps. We also have the big flow news. We'll talk about that in a second.
We had Rekt and Superior Beverage Group.
Rekt partnering with a massive distributor.
SPG is huge.
That's a really big deal.
Moonbird's Blindbox Reveals.
I'm going to give some critique on that one,
at least on their partner.
This is not a BZ sponsored space,
but I'm just going to gonna say it they should have worked
with bz on this one invest america not necessarily crypto per se maybe but i think a really big deal
investing in the kids uh in the u.s uh if you missed it every kid born from january 1st of
this year through i think jan January 1st of 2028,
we get $1,000 in a savings account that will accrue interest until they are –
I think it's going to be actually an investment account.
I'll pull up the details here in a bit.
In addition to that, one Dell, Michael Dell, and his wife came over the top,
and they're going to give $250 per kid that didn't qualify from ages basically 3 to 10.
Don't hold me to these details.
I know there's some potential eligibility for kids over 10, but long story short, I think it's incredible.
It's incredible we talk about STEMIs.
I don't get a STEMI check.
I haven't got a STEMI check. I'm not complaining. I'm grateful for that. So I say this kind of passed on that because I do believe a lot of that money is
just going to go straight into the casinos. I shared this before. I don't think the people who
qualify for the STEMI checks are going to use that on their groceries and life expenses.
A lot of those people, I mean, this is not a political take. This is just the reality
based on my understanding and people I've talked to.
A lot of people that will qualify for that semi-check, they're already getting free groceries.
They're already getting assistance.
And I don't know the exact math, but there was a viral post recently that someone was basically like a nanny or a housekeeper, and they were getting paid under the table.
was basically like a nanny or a housekeeper and they were getting paid under the table and the
wealthy family that was employing them wanted to make bring it above board and pay them properly
and and send them a 1099 or maybe they hired him as a w2 employee i don't know but also had benefits
and long story short the net go from paying them like 30k to over 80 000 a year just to offset all the benefits they were getting.
And I think it's very real.
I think there's a lot of people who are going to qualify for a $2,000 STEMI
that their basic needs are covered for by government programs.
And therefore, they're going to take their – like $2,000 isn't going to change their life.
They don't need it for their groceries or their food per se,
where, and I think a lot of them are going to head right to the casino
or their casino of choice and try to turn 20K or 2K into 20K,
which may be life-changing for some of them.
And I know certainly there are some people,
but the reality is that I do think the wealth gap is widening, and I also think that it's not so much that those that are on the lower end of the wealth range or income range are doing worse.
I think most of them are doing just about the same. Potentially, they've been going up in line with inflation stuff since pandemic, whereas the people who are really feeling the squeeze are those that are making probably 70, 80K, 100K a year, and they're not getting any support, not getting any subsidies, and yet their inflation is vastly outpacing their income.
This is I'm just speculating, but I do think that there is a long story short.
I mean, in my rant, get back to the updates and we'll dive into flow.
The. My vote would be if I had one and I would actually vote for something like this is don't give a two thousand dollar tariff stimmy to adults who are just going to.
A lot of them are going to take it to the casino of choice, sports book or prediction markets or lottery tickets, crypto. Give it to kids. Lock it in a trust like that. This is no exaggeration.
I truly believe it would be one of the biggest ways to
decrease the wealth gap is invest in our kids, invest in the younger generation,
the wealth gap is invest in our kids, invest in the younger generation, set them up for success.
I have no doubt in my mind that we're going to like this Invest America program, this One Dell
program, we will see probably many, we'll see at least one 18 to 25 year old that's going to take
their Invest America funds. And that's going to be the seed funding for their business that ends up
becoming a startup unicorn, like a, like adult computers, like a Mr.
Beast. You know, it's just like,
I don't know if there's anything that you could directly impact a younger
generation than setting them up for. And while we could say, Oh,
we could all be setting up 529 college
saving plans and investment accounts for our kids, there are days most people don't. Even
people that have the ability and the wherewithal to do so, a lot of those people don't. And I think
forcing something like this, I think is a big win for society at large. Even if you don't have
younger kids, I think everyone should be, I don't have any kids that qualify for any of these programs.
I'm rooting for it.
I hope we see more of this stuff.
And when you talk about like, oh, billionaires are evil and I beg to differ.
I know not everyone – like I'm sure there's some evil billionaires.
Like, I'm sure there's some evil billionaires, but this is absolutely going to change some kids' lives that are age 3 to 10.
And it may be years to see this pull through, but that piece doesn't happen without a billionaire philanthropist.
So, I mean, in my rant there, I'm really excited about this program.
excited about this program. It's great to see it's unrelated to crypto in the short term.
It's great to see.
Although I would love to see it, you know, one to 5% of that, those investment accounts be in
Bitcoin. But that's another story for the day. We'll get to Joey and Mel and Oxy here in a minute.
Hopefully audio will come through okay on the video side. The other news items I had today,
Paul Atkins was on Squawk Box. That was another bullish indicator
for the market. Jack Butcher Mints. I'm not the biggest Jack Butcher fan due to just a lot of
supply primarily, but I love this new mint. We'll hit on that. It's a live mint at Art Basel. I'm
going to be minting one at least. We had a big pudgy announcement with NHL that I think as a
space we've become so accustomed to these big collaborations and partnerships that sometimes we don't give them as much attention as they deserve. We also have
the Fogment that is active as we speak. So first topic after we get through hands here, we will
get into Flow. Really excited about it. And I kid you not, I was talking to Steve this morning and
I've mentioned here a few times, like potentially looking at some new home bases per se in 2026
one of them is going to be mega e and um just jumped right into the top of the list is flow
overnight like what they're doing i think is is massive and and especially with their plans to
invest and basically they they spun it as almost like a pre-ICO without being an ICO. I think
there's going to be real opportunity to be an active participant in that ecosystem.
And again, more on that soon, but let's do this. Let's go Joey, Mel, and then we'll bring in
Oxy and then McAvelle. If you want to get in on this too, just give me a hand. But Joey, go ahead.
Take it wherever you'd like. Yeah. I don't know if you're going to hit on the Moonbirds redemption thing, but I had a – maybe I shouldn't, but I have some feedback on that.
But on the stimmy check thing, you know –
Let's do that.
Let me do this just because you hit on both these topics and then hand it to Mel.
That will give me a quick opportunity to refill the coffee and knock out a mobile stream drop, and I should be good for the rest of the show.
a quick opportunity to refill the coffee
and knock out a mobile stream drop
and I should be good for the rest of the show.
So yeah, I do want to hear your...
So start with the STEMI checks,
then hit on the platform that Moonbirds tapped.
I would like to come over top of it
and kind of give you some support
so it doesn't seem like you're shilling
your own protocol or the protocol you work with.
But yeah, do that and go in that order,
if you don't mind, hit on the STEMI checks and then the the Moonbirds thing and then I will, I'll be right back.
Yeah, so I mean, I kind of agree with you, Cap, here on the semi-check thing.
And like, if we go back to COVID and we look at like the PPP loans and we look at the SBA, like all these loans that were available um for for individuals and businesses
i mean the fraud was rampant right like i mean we only we only heard of the really big cases
of people you know taking millions of dollars and buying bugattis and whatever but i would wager
that some of the people that only took, you know, 50,
a hundred thousand in these loans, probably there's a good percentage that never used it
for their business. Um, or for what it was meant for. And, and it's sad, right? Because there
probably are people out there could benefit it, benefit from it. And I'm not saying this $2,000
to me is the same, but what I'm saying is saying is is that like there's this mindset that we've seen
in this country where instead of you know somebody who gets get this two thousand dollars to your
point instead of using it to maybe pay their rent for a month or two to get ahead, right? Like it's this mindset of, no, I'm going to, you know,
go to buy the new Jordans or the new iPhone, or I'm going to do it. And you can't stop people.
I'm not saying that like, there needs to be a system in place to stop them. I'm just kind of
agreeing with you that I think if, if the goal for this money is to help Americans get ahead and to be in a better position.
I agree that maybe that it's, hey, listen, this 2000, every, you know, every family,
every member of the family or however they do it, right?
Like if you have so many kids, you get bonuses and whatever.
But to your point, that money does go towards, you know, some type of college fund or trust
or whatever, because I understand
that the money's going to stimulate the economy, right? If I take my $2,000 and I go buy a new TV,
right, that stimulates the economy. And, but I just think from what we've seen, maybe I'm wrong,
and I'm sure there's people that are going to dispute this in the audience,
but from what we saw during COVID, people were not responsible with that money. Mel, did you want to jump in on
this too? Yeah, that's exactly the subject actually I wanted to talk about because I've
been on like both sides of the fence here, right? I've been in where I would have been able to accept
this money and now I'm in a position where I wouldn't have. The only concerns I have with this
are, are there going to be any security risk? And what the fine print is
going to be on some of this. Now, I'm really excited about it. I think it can really help
children in areas that wouldn't otherwise, you know, have these opportunities. But security
risks are really my biggest concern here. And expand on what you mean by security risk.
Well, so it sounds like at birth, they're setting this up. So at birth, are they setting up a new
system to kind of track everything and everyone and spinning habits, etc? I'd really have to wait
to see them roll out the tech behind it. I mean, they already tracked us, right? They give us a
social security number that stays with us for the rest of our life to track everything we do. Right. But that's
not a bank account. No. Yeah. I hear what you're saying. So you're talking more in reference to
the starting of the, you're talking about the reference of newborn, like children born after
a certain date, getting that, that, uh, account set up for them,
not so much these $2,000 stimulus checks. I'm more, yeah, I'm more worried about the tech behind
it than I would be. I mean, I think the checks are awesome. I think that, um, you know, because
when you, when you do donate to a cop and you see these, uh, if you go to the store after Christmas,
right, you will see the return areas full of toys that you know were bought through organizations that
parents came back and got the cash for and stuff like that. I feel like this is a very well
protected thing for these children in that sense. I would just worry about the tech.
No, that makes sense. I mean, depending on the type of individual you are, you either
believe in or are against so much
government reach.
And if you're an individual that is not a fan of a lot of government reach, then obviously
to your point of allowing them to set up some type of financial account for your children
and then reading the fine print on what does that mean for your children is something that would concern you.
Is that accurate?
Absolutely.
Though I think the idea is really cool.
Yeah, I agree.
I mean, listen, all of my children were born outside of, I think, the cutoff date.
But any more I have will be born after the cutoff date.
So, you know, i'm all for it they're outside of the
cutoff date for the um invest america the the government fund but they're not outside of the
cutoff day i think all of them will qualify for this michael dell fund the not sorry the dell
oh okay the one dell excuse me the one dell so one dell.com slash invest america they're putting
up 6.25 billion dollars to go to 25 million children.
It's $250 each. They believe the smartest investment they can make is in children.
That's why they're excited to contribute the 6.25 billion from their charitable funds to
help 25 million start voting a strong financial foundation through Invest America.
Pretty incredible. Pretty incredible. And yeah, this is for, unless I'm mistaking,
this is for, yeah, for children's ages 10 and under, expanding early access to investment accounts powered by Invest America.
So this is going to, so the U.S. Treasury is contributing the $1,000 to Invest America account for every baby born on or after January 1st, 2025.
This automatic $1,000 deposit by the federal government gives every American newborn a transform to the head start.
The investment accounts are simple, secure, and structured to grow in value through the
market returns over time. At age 18, these young among Americans will have a financial foundation
for job training, homeownership, or future savings. It's a simple yet powerful idea.
And what expired them the most was a chance to expand on this to even more children.
So through their charitable fund, they're contributing this $6.25 billion to see 25
million additional accounts with $250 each. These deposits will reach the accounts of most children aged 10 and under
who were born prior to the qualifying date for the federal newborn contribution. So it won't
be double dipping, but for kids that weren't eligible for or won't be eligible for the $1,000,
if they're under 10, they'll be eligible here. But they also go on to say children older than 10
may benefit too if funds remain available after initial signups.
So there is actually-
So you can't do both?
Is that what you're saying?
I don't believe you can do both.
So if you qualify, so basically for any children born before January 1st, 2025, you're going to want to do the Michael Dell thing and take the $250.
For any children born after January 1st, 2025, you're going to want to do the US government
one, which gives you $1,000 essentially. Yep. You got it. I don't know what there
would, so there'll definitely be action you need to take to sign up for the, um, the one Dell,
uh, program.
I don't know what action you need to take,
if any, for the Invest America.
But if you have kids under the age of 10,
you should definitely check this out.
It's not $250 or $1,000.
Especially if they're a newborn,
that $1,000 could grow substantially over the next 18 years.
$250 could grow substantially
over the next 10 to 15 years.
My son said he wants his in Bitcoin. Good. I don't know if you'll have the ability to change.
I don't know if it'll be like a 401k or an investment account where you can actually
choose what buckets or what funds you want to invest in. It may be automatically. I don't know,
but any way they do it is better than not having it.
And I think it's a big win.
I think it's a big win for the future generations of the US.
Poppy, I don't know.
I saw you requesting up and then we lost you.
If anyone is, I'm going to say this,
no one's going to hear it anyways.
going to hear it anyways um actually you know what i can do i will i just sent a post shout out to
Actually, you know what I can do?
I just sent a post.
shout out to um husker this is definitely broken there's 36 people here that never happens
yeah no it's broken hard um shout out to husker though who
sent out a post i just quote tweeted quote quote tweeted that tag Elon and Nikita.
I don't think they'll see it,
but basically just trying to let everyone know who jumps in and sees a
silent space.
If you're not hearing everything head up top,
head over to YouTube or head over to head over to abstract.
What do you mean by this?
First of all,
before this you you're,
I respect the gambling. If you're going to gamble, go buy a good vibes club with it with that simmy um i mean they
are they are the one of the only collections that's actually up since the uh quote-unquote
black swan event yeah yep um for those that want to blame markets uh take a look at uh gbc uh out kicking the uh
the bleed out uh let's do this though i do want to there's a lot of news topics today it's
unfortunate we lost a half hour plus with the spaces issues but um appreciate everyone empowering through all that and I'd like to do this let's
move on to
quickly on the
Moonbirds reveal
because there was a couple
yeah, space is asked today
YouTube
YouTube is where it's at
if you're not there yet, head over to YouTube
head over to Abstract, join us in one of those chats, and
audio should be fine.
Dort asked a question.
I'm going to cue this off with Dort's question, Joey.
Actually,
Oxy, any comments or anything
you want to get on the Invest America
conversation before we move on?
No, I think you guys covered it well.
Yeah,
no, I think you guys covered it well i um yeah no i think you guys covered it well
door asked when i first redeemed bz i had to exchange emails with a team member i had
the money for shipping in a separate transaction wasn't going to the site has this process changed
he did he's just going to say this was for the first set of budget cards a while back for those
boxes maybe it's more streamlined and trust us now so not not trying to put you on the spot joe
i'm also not asking you to bash a competitor, but I am kind of walk us through.
Give us your unfiltered, candid feedback on Collector Crypt
and then answer Doors' question if you don't mind.
Yeah, you read that really fast,
so I didn't get to hear all of Doors' questions.
You don't have to read it again.
So, oh, go ahead.
Basically, just when he first redeemed on BZ,
he literally had to exchange emails with a team member, Had to send them money for shipping in a separate transaction
That wasn't built into the site
He's just asking, does that process change
So maybe let's do this
Without bashing a competitor
Oh no
We actually have a telegram chat with Collector Crip
They're great guys over there
Like what they've built
And what they've done I have nothing bad to say about that team um and the individuals
behind it they're um you know they they had a great launch with their with their cards token
um i don't know where it's at now but i yeah i don't have anything at all bad to say about them that you know strictly as a user
right my feedback and you know this was talked about in the war room which was when you went to
you know part of the the nine-step process for redeeming your um your moonbirds collectibles
was like you had to set up your profile with a username, a phone number, an email, a bio,
like it was this whole, like, and you couldn't get past, like, I got like an error message four
times. Cause every time I would fill it out, I would forget something. And then it would like,
I'd put in a username and a bio, but not the phone number. And then it would clear out the whole form again and then so you know from a from a if the goal with this partnership right for collector group was to get new people to use
their platform it wasn't it like was a and this is conversations again like that were being had in
the war room it was a big deterrent like i don't know anybody in the war room, it was a big deterrent. Like,
I don't know anybody in the war room at this point, based on the feedback that was excited
to keep using. And this is again, not a knock or a bash. This is user feedback, right? Like this
is how you get better. We do this at BZ all the time. We constantly ask users for feedback on
processes and dorts questions a great question
um on how on on the original redemption process that we had and
Like and then it was you know to door to then so once you were able to finally get your profile filled out correctly
You then had to go to
You know
Like and this has got a little confusing too, is you had to click on your
collection and the moon bird stuff didn't fall under sealed product.
It fell under merch.
So it's like, you know, if you weren't following the, the, the nine steps perfectly, which
you should, because that's why they wrote it.
But like, you would think logically, oh, this is a sealed product. No, it's not. It's under merch. Then you had to click on
merch, right? Then you had to go through the process of withdrawing it. And then what the
withdrawal process was then filling out more information after you'd already filled out
information in your profile. And then it was, I tried to pay with, I tried to pay with a credit
card. It rejected it. It rejected two credit cards. Then I tried to pay with, I tried to pay with a credit card. It rejected it.
It rejected two credit cards.
Then I tried to pay with Google pay.
It rejected it.
And then finally I said, you know what?
I'm just going to transfer some USDC and pay with USDC.
And it went through.
And again, this is not because I'm, I'm, I want to bash them or FUD them.
Like this is genuine feedback on my experience as a user. If somebody
else had a better experience, great. Let's hear what you did differently. But I gave up last night
and then came back to do it this morning. And then that's when I finally said, I'm just going
to use USDC. I'll sell some token, some Solana token I have that's worth 50 bucks and and use the 16 to redeem the the
the 12 uh the 12 pack of items yeah i it's a lot of friction uh this is not i mean this has to get
better i just can't have feedback we talk about crypto evolving and the tech being obfuscated and frictionless transaction, this is a lot of
friction. Like show this to any web two e-commerce person and they're going to tell you you're going
to lose a lot of your customers. They're not going to get through this. Way too many clicks,
way too many steps in the process. I appreciate the detailed steps.
It's just a lot.
And it is pretty clunky.
I had some similar experiences, went through, got hung up a couple times.
This is what mine looks like.
The only thing I have on Collector Crypt is one of the 12 packs.
So it says, okay, I've got a card.
It's valued in my cards in my collection at $300.
So I click view my cards.
Again, if I didn't read the steps,
total card value $300, all cards won,
yet no matches found for your request.
Huh, that's weird.
So here it says all cards won, none match.
I click seal boxes, no cards yet.
There you go, merch is where it's at.
Okay.
I guess.
I'm not knocking.
I am knocking, actually.
But it had been real critical, candid feedback.
Like, this process has to get better.
This is not built for scale.
And what it made, like, my lived journey going through this yesterday, I said in the war room i haven't done it yet i clearly haven't sold
but it was like at this point it was so i i and i was reading the steps i was going through
attempting to get it redeemed eventually i was like you know what i i just i just want to sell
the 12 pack where do i sell the 12 pack'd rather versus this process, let me just sell it.
So I probably just out.
I don't know.
Maybe I go through and I also don't really want 12 physical collectibles.
I did intend to probably sell most of them and maybe redeem one or two.
That's probably where I'd net on this, sell the 12-pack,
maybe go buy a single and redeem it but yeah just wasn't a was definitely not a a seamless
seamless experience this is just this is a lot so back to the dort's question is bz set up
streamlined now like if i want to do redemption is it is a manual payment process can all that be
done with a few clicks whether it be on chain or with a credit card to pay for shipping and redeem?
Do you have to interact?
Yeah, so it's much different now.
So previously, as we were building out the tech, we had to prioritize what was important in the build-out process of BZ.
And at that point, redemptions were not the number one priority
So previously, the redemption process was
You would select the items that you wanted to redeem
And then the support team would get notified
We'd send you an email
There'd be some email exchanges back and forth, etc
So now it's significantly more
automated where after you select the items you want to redeem, as long as you have your shipping
info and your email address set up in your profile, which is really simple process, you'll
get an email immediately from your redemption saying, Hey, we know, we know you want to redeem, et cetera, et cetera. Here's a payment link, submit payment. You can, you submit payment. And then once payment is
received, um, those you send the items essentially that you want to redeem to like our burn wallet,
essentially, and then your stuff gets shipped. It's a really simple process.
Are we looking, I would say as someone is part of the team, we will get to a point to where
it will continue to improve. That's our goal. That's why we have, we actually just finalized
a new user feedback form that's going to go public where we can start tracking more user
feedback but yes it is significantly better than what it was previously and
we're continuing to try to improve the process for individuals because we taking
the human element out always makes it easier because then there's no lag right
there's no delay in waiting for somebody to respond to you. Yeah.
And as Jim Brunette, it is a lot of steps.
And the general population just isn't going to go through all that.
Like it's e-commerce people, Web2 people will tell you this.
You got to reduce that friction.
Less steps is more.
Less clicks is more.
Otherwise, you're going to lose people at checkout.
But it's early.
It is, you know, that's why we're providing the feedback and
the details on that i should have added there's 12 common collectibles two rares so there is some
you know potential to chase some grails in those blind boxes i don't even know if we have we seen
an image of what's in the boxes yet or no just like the the teaser video with no they haven't i will say though i i part of this process that did annoy me a little and i don't know i'm sure you might
feel the same way is i didn't know that when i was buying 12 it was going to be a 12 pack that i
couldn't split those 12 up because i honestly don't want 12 moonbirds collectibles i would have if i would
have known that by buying 12 it meant that 12 couldn't be split i would have bought 12 singles
so i could have maybe redeemed six of them open them and then kept the other six on the platform
Open them
And then kept the other six
On the platform
To see what happens
If they become highly valued collectibles
I could sell them
Yeah, that's fair
I don't know
I think that's fair
It's also like I don't take any issue with that
I intended to buy some singles
To keep those and sell the 12 pack
I also just want to be keeping it real
I bought the 12 pack because I think there's going to be
Burb token allocation and that's really what i was buying for i don't
really want the boomers collectible but i i felt there's probably more than i could very well be
wrong here maybe it's 30 but i felt it would be more than 300 of burb allocation for buying the
12 pack so we'll see yeah i mean unless i open up a rare one they're probably all going to end up in
my in the playroom and the kids all going to end up in the playroom
and the kids are going to end up playing with them
that's probably what's going to happen with them
let's do this
let's move on, high level flow overview
we are going to have Roham on tomorrow as I mentioned
so I'm not going to dive deep on this
but it is very newsworthy
and you might want to get started today on some of this
because I think exciting stuff
coming out of flow blockchain
I've got it pulled up here on video.
Roham opens it up with, we fucked up.
We built apps with the world's most loved brands,
protocols with millions of users onboarded and billions in volume.
I was one of them.
I'm here today because of Top Shot, which is not only on Flow.
It was launched by the Flow team.
But our mistake was simple.
Not enough of the value flowed to the believers who made it possible.
Broham, I'm still waiting for that dump truck of flow.
I'm quoting here, a dump truck of flow tokens to go to those Top Shot users.
I'm old enough to remember that.
We're fixing that now.
I'm kidding, but not really.
I would take a dump truck of flow tokens.
Not only have we started updating our economics of our core products,
we're also putting a new slate of products and protocols with value creation at their core.
The moment we need is finally here.
300 billion in stable coins, 30 billion in tokenized real world assets, trillions more on the way.
The infrastructure and liquidity exist.
What doesn't are the right products.
DeFi today is hostile.
It demands technical mastery just to survive.
Slippage, MEV, liquidation cascades, the list goes on.
Every interface is built by experts for experts.
Everyone else is forced to stay on the sidelines or play in a game that you don't have edge.
That's the gap we're filling.
We've proven we can bring the benefits of crypto
to mainstream users without asking them to become technical experts first. I would agree. We've proven we can make complex
technology feel simple. Now we're applying it to the biggest market, money. Dapper Labs and Flow
Blockchain are democratizing consumer DeFi. Today, three big moves. First, new open source protocol
being developed by Flow Foundation, Flow Credit Markets,
FCM, a lending protocol that protects you instead of punishing you. Traditional DeFi lending is
punishing. It waits until you're underwater, then liquidates you and charges a penalty.
FCM is active. It uses native on-chain automation on Flow to monitor every position continuously and
rebalance automatically before the position is at risk of liquidation. So far, backtesting against every major crash since 2020, see 100% survival rate and a 99.9%
cost reduction versus lending protocols on other networks.
That's pretty insane, taking it at face value.
Second is a product built on top of the foundation of FCM, Peak Money, the finance app for a
generation that has stopped believing in banks.
Our generation watched traditional path to wealth become mathematically out of reach.
So we stopped playing by the old rules, turned investing into a culture, bet on elections
like sports, traded athletes like stocks, turned every opinion into a market.
Peak money is built to level the playing field, to give everyone access to the same
opportunities available to crypto experts.
And soon, with the tokenization of the entire global finance markets, those used by hedge funds and billionaires too.
Banks make money from you.
Peak makes money for you.
The products are simple.
Deposit cash or crypto.
Earn more than a bank will pay you.
Earn and spend without selling.
No minimums, no gatekeepers, no seed praises, no liquidation fear.
Watch this space.
Peak money.
Go give that one a follow.
Last but not least,
flow tokenomics. Liquidity moves freely between chains. The apps people use every day don't.
We believe the most valuable cryptocurrency would be the native token of the network powering
products people can't live without. For that to happen, the native token must align with the
people who build with the people who believe. For years, flow subsidized growth with near zero fees.
That made sense when the priority was experimentation. Now the priority is economic alignment. Dapper Labs supports FLIP 351, proposed by Flow Foundation, updating transaction fees on Flow to dramatically reduce token inflation and ultimately become deflationary at just 250 transactions per second, all while remaining the lowest cost network compared to its peers.
250 transactions per second, all while remaining the lowest cost network compared to its peers.
Every transaction burns tokens. Network actively creates scarcity. Scarcity compounds value,
believer's benefit. Infrastructure plus application plus economics aligned at last.
I've not had a chance to check any of this out. What is described is a game changer,
in my opinion. DeFi is complicated. For those of you who've been around for the last 6 to 12
months, you saw Steve go on a DeFi journey
And learned a lot and taught a lot of people here
It's still
Complicated
Providing liquidity is not for the everyday layman
It's
Extremely risky
Perps are risky
You're going to get liquidated
It's like a rite of passage
Eliminating that risk while still down, granted, I'm assuming the upside is likely significantly
less. Most people aren't chasing 1,000x returns. They just want their money to work for them.
And I think in the age of AI and where we're heading, I think it's a really big step for
consumer DeFi. Again, we need to see it live
in action. I don't view this as like buzzwords. I'm reading this as like real material, meaningful
dApps that could quite literally change the game for a lot of people. Now, is this going to make
sense to someone who's already a DeFi guru? Probably not. Maybe.
Maybe it's one of the areas they have some money and they have a bucket that is on autopilot for them.
But I think for a lot of people here that aren't deep in the DeFi trenches, and especially anyone who's not here yet, this could be a big deal.
And you can't talk about blockchains that have landed and worked with big brands without including Flow.
From the NBA with Top Shot
to Ticketmaster
and everything in between,
Disney, like they've worked with some of
the largest brands in the world that
have massive consumer bases.
Many of us, if you go back to 2021,
we talk about what's the next catalyst what's going to bring in
the net new user i don't think it's going to be trading purpose on hyperliquid
i enjoy it i just don't think it's going to bring in new net new users
top shot brought me here brought a lot of people here i i think it's the and by the way giving
flow credit for their tech like they were first to the social sign-on.
They were way ahead of preview on that.
My first crypto wallet was set up with my Gmail account on Flow or on Top Shot.
This was in 2021, January 2021.
Like they've been building for consumer at scale from the jump.
But their owning, when they said they screwed up, yeah, they kind of dropped the ball on. building for consumer at scale from the jump, but I,
they're owning when they said they screwed up.
Yeah.
They,
they kind of dropped the ball on that value accrual.
I believe there's a,
there's an alternate outcome here where they did back up the dump truck full
of flow tokens.
And they,
they really started investing in the ecosystem,
the builders,
the,
their active participants and had those incentives and those rewards.
Like, I'm not just saying this,
but compare Flow and everything you can do on Flow now
to something like Monad.
I need to go play my bro.fun run of the day
because it's the only thing I'm doing on Monad
and I guess I'll farm it for a little bit.
Not excited about it.
There's just nothing there.
And this is a blockchain that raised a half a billion dollars
and was a highly anticipated launch,
and they don't have any of this.
Flow is arguably just as performant.
I'm not getting into technical conversation.
I'm saying for what I've done on blockchains,
they're both snappy, quick, and low cost.
They have far more d daps and and major
brands like they're just it's easy to forget about the older the the flows the polygons of the world
it's easy to forget about them because they're not new they're not the new shiny toy
but there's a reason they're still here and when they make changes like this i think it's a really
really big deal let's get oxy in here and they'll go back to Joey.
Oxy, GM, sir.
GM, GM.
Yeah, as the DeFi guy,
I can understand and respect how complex
a lot of these concepts are for people coming into the space
and trying to make their money compound
and make something more out of what they have.
So products like this, I love.
And if they can do it right, make it easy, onboard the users,
I mean, I think that's massive.
We talked about it yesterday where the flow is someone comes in,
they're like, okay, if I have a high interest savings account,
it's like less than 4%.
Anything else is like less than a percent or whatever.
Like I need more than that. Infl just you know outpacing my savings i need something
like a six percent or whatever to drop it into a vault the vault does defy activity and then it
just flows into you know crypto native ecosystems and and that makes a lot of sense to me um so i
really hope you know i hope they they can kind of figure it out and incentivize
people to come in. Something that I would, you know, implore these products and projects to
look into is the idea of some kind of insurance. So like we looked at Aave, you know, maybe it was
last week or two weeks ago, and they're talking about how they found out a way to ensure people's deposits up to a certain cap to where it's like, okay, look, your money's safe here and you can feel confident that you're going to be able to pull your money out when you need to.
I think that's crypto already has a bad, you know, a bad taste in a lot of people's mouth to where they're like, you know, I'm not I don't trust this. I'm not going to put my money anywhere near it. I don't care what the return is like the risk reward just isn't there for me.
you know, kind of put like kind of fix this, this gap.
And I would just implore teams that have big reaches,
have big connections to like look into ways to make this feel more comfortable
for people. Otherwise it's going to be really, really hard to onboard these
people. So, I mean, that's just kind of some feedback that I've got, but,
and then also one thing that he said in that post that I was like, I don't know, it's like kind of like prove it.
And obviously he's not saying he's like, obviously he's insinuating, like, just wait and see what we can do.
Back testing against, you know, 1010 or what have you is a very weird thing to do.
Looking at it from a hindsight perspective. I've been approached
on a lot of products. They're like, oh, look, I've got this automated trading bot. Over the
last five years, look how it performed. It's like, well, yeah, no shit. You just built it.
And then they looked back and in theory, this is what the bot would have done in that situation.
It's easy for people to look back and be like, oh, look, we tested this against
these situations.
This with the agent or the bot or the automation would have done.
It's also like, I don't know, I need to see real world situations where it's actually
running and it's actually performing before I feel super confident in anything someone
says there.
So maybe just like a little, a little something that kind of like rubbed me
like okay all right dude but yeah back testing i understand the concept of it but also at the same
time it's like i'm not gonna i'm not gonna put any face value on that but that's just my two cents
hindsight's 2020 right um yeah yeah a bot should be able to avoid. But I don't know.
I've never done that.
And I also understand the why behind it, right?
It makes sense.
And they probably should be doing that backtesting.
DudeLifts in the chat adds,
Dapper's definitely not unaware of consumer protections,
just haven't revealed too much yet.
Interesting.
Will likely be more protected than FinTech.
Very interesting.
I will ask
the team tomorrow.
I do think that the idea
of like, oh, bank accounts, FDIC
insured. We don't think much
about it.
It's not like,
oh, thank
goodness my checking account has got $250,000 of insurance
behind it in case anything ever happens. I don't expect anything to ever happen,
but to your point, people don't trust crypto and a similar protection. Hopefully it's never had
needed to be used or tapped into, I think could instill some confidence. And I also like
adjacent really related. I saw MetaMask, I think turned on a,
like an insurance, like up to $10,000 per transaction protection you can opt into.
I'm sure there's a fee to it. Did anyone see this? I'll see if I can pull up the post on it. I'm
pretty sure I, uh, maybe just yesterday I saw this, but Joey, go ahead and get in here. And I
will, in the meantime, I'll see if I can find, can find by the way if you have the if you're eligible to go mint your flogs
probably do that now you've got the the treasury started the guarantee phase is open now first
come first serves you got 24 hours i guess so guaranteed phases now you've got a day don't
miss this it's limit one per wallet It just opened at nine o'clock,
13 minutes ago, and already basically it's more than half a minute out. 2960 of the 555 supply
is minted. So yeah, if you're in this guaranteed phase, definitely go get your FWOG. First come,
first serve starts tomorrow at nine, and then public stage, which it probably doesn't make,
is December 11th.
But yeah, these things are already, floor is already 0.215, already 11th of volume.
I want to go buy an NFT.
I said I wasn't buying any NFTs.
This, I think, is going to cook.
I'm kicking myself.
I saw this.
I even thought about going and buying the blind boxes.
Same reason I bought the Moonbird boxes, and I didn't.
And this is likely going to be a much better flip than the Birb,
than any Birb I'm going to get for that Moonbird.
Also, on that note, one more quick reminder.
This is probably Alpha.
Door adds, this is speculation, but it feels like Birb may only be rewarded for redeemers.
Probably right.
Probably need to redeem, or maybe there's a multiplier, maybe there's a bump, but you probably need to redeem that thing to get your BIRB allocation.
These flogs, though, again, 0.218 floor already.
It's going to have good distribution, I think, because of how the thing, one per wallet, et cetera.
And I also agree.
I think the rares are going to cook on these.
I thought that you could get two per wallet if you got the ultimate pack, if I wasn't mistaken.
So I wonder if they changed that because you were supposed to get two mints if you bought the ultimate ultimate back i don't know i'm just going off their mid page doesn't want one per wallet um
either way i think this is going to be a cook and i do think the rares are going to go for
quite a bit of premium so congratulations everyone who got in on that ggs and uh joey
get back in here yeah so as as somebody who has a uh a company on Flow, you know, Flow has always been, and one of the reasons why we went to Flow, has always been on the cutting edge of blockchains, everything they do, everything they build. They are the first consumer chain.
They consistently build for the consumer. Flow's biggest problem is they don't have a Steve.
Like that's, that's the thing with flow is like they, they need their, their, the, the tech,
the team, the behind the scenes people are amazing they just are not
the best when it comes to their marketing and comms which is why people forget that disney
pinnacle is on flow why top shot is still flourishing on flow why la liga ticket master right like there's so many huge companies that utilize flow but it just
gets passed over forgotten because they're just they're not the they're not
the best when it comes to marketing and communication hopefully that'll be something that they look at. And this is not because I'm
not here to, you know, I'm here to support them obviously, because we're on Flow. But that's
probably their, if we had to point at one reason why people don't give Flow as much credit as they
deserve, that's simply it. I mean, when you look at the roster if you go to
flow's website right now cap you share your screen and you show the brands that are ufc is on flow
did everybody anybody know that ufc is on flow i mean there's there's so many huge brands
that utilize flow it's kind of crazy that they don't get talked about as the quote-unquote
consumer blockchain the way abstract is or whoever else and and all of those blockchains
are lagging way behind what flow has done and is doing and then regarding this new this you know
the new announcement i know a lot of people aren't a big fan of andrew tate
but i stumbled across like an andrew tate interview um from the previous week where he mentioned how
um the reason why they want us to move to a digital like you know debit cards and credit
cards is whatever is because you know bank fees and processing fees and so the more money you spend
you know as you spend money using debit cards and credit cards the businesses make less money
because they're taking percentages and so on and so on versus cash well consumer blockchains like
flow solve that problem it's it's more akin to spending you you know, the full amount of, you know, the business making $30
when you spend $30 than what it is right now where they've got to, you know, they're losing
money for credit card processing fees and bank processing fees. So they have to charge you more
to cover those fees. So I think this move by flow into this consumer DeFi consumer spending is a big plus for taking on the credit cards and processing fees and things like that that we see every day in Web2.
I agree. I agree. And I know they're big into the RWA arena as well. Case in point, BZ.
Arena as well, case in point, BZ.
This I've just seen, talking about this flow credit market,
This I'm just seeing talking about this flow credit market.
one of the first things on their homepage here
is home equity line of credits,
automated credit lines for real world assets.
This is gonna, could be a huge unlock for,
it's not gonna happen overnight, right?
The first people are gonna use this,
they're gonna be those of us that are here.
But as this gets out in the world,
these are real consumer applications that could change things.
Like the traditional, there's a lot of things about real estate.
There's a lot of things about mortgages and home equity line of credits.
It's archaic.
And this really is, this, this is my
first, I wasn't expecting HELOCs on, on flow yet. You know, talking prediction markets, like there's
just, they really is a lot. You talk about those brands, here's flashing those briefly. We're
going to dive deeper on this more tomorrow. I'm truly excited about it. I think it could be a big deal.
Also, noteworthy, their year-to-date increase up 189% as it relates to TVL. Some big stuff coming out of Flow. More on that tomorrow. If you haven't hit the reminder yet, do so. It's
up top. Go smash that thing and let's get a full house in here for Roham and team.
house in here for uh for roham and team the fog mint uh we just talked about that it is uh seemingly
ripping this morning uh we will hit on the ethereum update that floor which was 0.2 is now
already 0.23 or 0.229 how did you get how did you you had to buy the the physical yep had to buy
their blind and then if you bought the box everybody got access or was
it like so if you bought a six-pack box you were guaranteed one mint if you bought the ultimate
box which was a 12-pack you were guaranteed two mints if you bought the single box you were put
into a raffle for first come first serve and how much were the 12 boxes the 12 boxes were $240, and they quickly went 4X as soon as the sale was over.
But now if you sold the box, you were still able to mint, or you had to hold the box?
No, you had to hold the box.
So if you spent $250 on the 12 blind boxes, you were able to get two mints.
Guaranteed two mints.
What's the FWOG mint price?
It's free. Free price it's free free free oh free so you so
you could spend 250 on a 12 pack and now be sitting on half an e worth of nfts absolutely
but right now if you look at it it what the blind boxes what the ultimate boxes we're going for is
roughly about what two of these are going for so we're going for roughly 12 to 1500 so right now two flogs is roughly 12 to 1500 but that's yeah so you could have taken your money in the beginning
by selling the ultimate pack or you could have gambled on do i work into a rare does the floor
price keep going up etc but at this point you're still you're still the same on either one i think
i think these are going to stay above this this this mark right now as far as the floor goes.
I think if it dips a little low, by reveal time maybe.
But I think once they cook, it's probably going to stick around this price.
It's a pretty smart mechanism, right?
Like buy our physicals to then be able to mint our digitals.
It's honestly the smartest mechanism I've seen recently,
Joey, because I, we,
we were all expecting some type of whitelist allocation, you know,
for them to go outreach. But when they dropped the physicals first,
a couple of us asked ourselves like, yo, I thought a mint was coming up.
And you know, like, but that's all we thought. And then they, they,
they closed down the collectibles
and they said yo by the way if you got the the six pack or the 12 pack you're getting to mint
and that kind of like flips the game on its head because like there's an incentive for actually
going and getting these physicals because a lot of us want the nft i don't necessarily collect
anything physical to be honest with you guys the most physical stuff i've collected in the past few
years is stuff from the board of yacht club and that's it other than that i'm not collecting
physical goods i well i also i don't know i'm probably not an nft buyer here unless i want to
take a shot at revealing a rare i feel like i and i felt like it's right i just thought i missed it
i missed the blind box i thought these nfts would cook i just didn't feel like chasing it and i don't know
how much upside on the floor is here right i wouldn't be surprised if some of these rares
go for well north of an eath and then the floor settles at like 0.1 i really don't know
but but are there royalties uh i assume so yeah i think so you bought here it'd have to go to like
for it to be worth it for you if you bought here with like royalties depending on what they are
you'd have to it'd have to go north of like 0.3 to 0.35 for you to for for you to make a couple
hundred bucks yeah probably not a i'm probably not a buyer here. But where I am a buyer is I think Flog is back in play as a trade.
The token.
It's only a $13 million market cap.
This is never financial advice.
Just don't do what I say.
But from a pure trade standpoint, it is $13 million market cap
up 7%
on the day. It could easily
2x from here.
Yeah, and if this thing really takes off,
if it really hits, if the NFTs
pop, there's a lot of volume. If it
actually runs post-reveal and
the rares go for premiums like I think,
it's hard for me to think people aren't
going to look for a beta to the nft and to me the most obvious one probably is
flog i'm trying to is the is the token strictly just like a meme coin or is there something to
the ecosystem what would it look like if it was a strategy?
I don't know how I'd feel about them doing a separate
token, a strategy token, but if they were to do
something, some sort of
strategy-esque type thing with their
existing token in this. I mean, its all-time high was
about a year ago
million? Yeah, 720 million.
Yeah.
720 million.
That thing ran.
It had a lot of people pushing it too from early on.
It launched on pump fund.
720 million,
right up to nearly a billion.
It's right now,
14 million way down,
but they still have motion.
They still have attention.
Obviously the NFTs are a hit.
So yeah, I think that is there anywhere it's not on hyper liquid is anywhere does anyone know uh can you long fog anywhere is it is it on any of
the perp dexes i'd be curious i do want to keep moving though so we only got 35 minutes due to
the technical issues with x today by the way if you're just jumping in if you happen to hear us
and we're cutting in and out head over to youtube or abstract uh we're going to power through the
audio issues today but it is what it is and And I will more on flow tomorrow, probably more on flog tomorrow as well.
Some of the other topics I want to hit on before we get out of here.
I'm going to speaking of mints. Let's do that.
Let's let's hit on the Jack Butcher mint.
Probably not even I'll pin up top to Paul Atkins bull talk on on Squawk Box.
But between Paul Atkins and new FedShare, just like the macro
stuff continues, just more tailwinds for crypto and a bullish 2026.
But since we're talking mints, let's quickly pivot over to Jack Butcher.
I'll show that.
If there is anyone technical, Oxy, I don't know how deep you are in this Fusaka upgrade.
I can read the bullet points and what it's supposed to do.
It's just not my area of expertise, but
there are probably some connections there where you talk
about EVM chains and what this
new update can unlock.
Biggest thing.
Before you pivot,
Flow is actually in the room.
If you wanted to
get some more
insight on that, I think the Flow account is
actually. Yeah, they are. If they can hear us, I appreciate you being out there. They're more
than welcome to jump up, but I think plans are to go into a deeper dive tomorrow. Welcome to join
the conversation if you'd like, but no pressure obligation. We'll be running it back and going
deep on all things Flow tomorrow morning with the Flow the flow blockchain team and uh and leadership really
looking forward to that i am uh truly excited about these moves i think it's some major major
moves and um awesome sauce no i um noah in the chat says flow Flow is definitely the least clunky blockchain there is.
Have you used TopShot?
Phonix says, yeah, back in 2021.
I get all that.
I think they're also owning,
hey, there's some things,
there were some missteps or effed up
and we're making some changes to that.
And the fact that they're owning
maybe the alignment with the builder, the community, the supporters, and going back to that and looking to make the course correct.
It's not like they've just stopped building.
It's not like they're a ghost chain.
I mean, TBL's up.
Brands are up.
There is a lot going on, and I can respect it's not been maybe the trading platform of choice,
but I think it's in a very different spot than it was in 2020, 2021,
and I'm excited for this next chapter.
I think they've got a lot more going for it than some of the new stuff,
some of the new cutting-edge blockchains like Monad, for instance.
I'm not trying to make this PVP, but give me Flow and everything they have going for them over Monad 10 times out of 10.
I don't care if there's a farm on Monad.
There's just nothing to do with her there.
And I don't see how they – with the dApps they launched with, I just don't see how they even make it a going concern at this point.
Some semi-breaking news,
SEC halting high leverage ETF plans
and warning about over-risk.
That may come back to impact some of the crypto ETFs
or prevent them going to market maybe.
But I do, in all seriousness,
let's talk about Jack Butcher for a second.
This is another,
I didn't think,
I wasn't planning on having NFT mints on my agenda in December of 2025.
Here we are.
This is currently happening live.
It's I think it's just calling it receipts.
Pay what you want.
The receipt is your artwork.
Payment amount equals receipt length. Live display tracks whether the artist recoups $74,211 in production costs or takes a public L. I know spaces is glitching, but that's where I'll pin the Jack Butcher post here in a second if you want to go check it out. It's called self-checkout. Excuse me.
Pay what you want at Art Basel.
Your receipt is the artwork.
Payment amount equals the receipt length.
There's a slide display on the – oh, you have to do this in person.
I might be interested in doing that.
I missed this when I first saw it.
So, yeah, you got to select the amount, add an optional tip, payment clears,
split flap advances, receipt prints, inch count locked to spend,
seed phrase transfers ownership of a
mutable record and yeah that so this is this is uh it's pretty cool it's a live exhibit 74 000
in personal capital went into the installation unlimited supply the business model is the
artwork no galleries no intermediaries i like the experiment uh soulbound NFTs permit trading.
That kind of bums me out.
So I guess... I'm just trying to understand.
So I guess I'll probably mint one
to say I did.
But I'm not a fan of
the Soulbound token.
I'm just not.
Give us a chance to make some money on this stuff.
Unless I'm just not. Like, give us a chance to make some money on this stuff. Unless I'm missing something.
Yeah.
I'm curious.
If you're in Art Basel, if you're minting this, let me know.
If you mint it, let me know.
I'm feeling they'll probably hit the...
They'll probably cover their cost.
It's an Art Basel 010 booth.
That was part of the fee.
The Art Basel 010 booth. That was part of the fee. The Art Basel 010 is the first actual digital art exhibit at Art Basel. You can kind of get a glimpse of I'm guessing that this
is like the what the exhibit looks like. So it's cool. Click get in line.
We'll see. I'm going to go check it it out i'm heading down there probably
probably tomorrow i was considering going today but since we got a special guest
tomorrow i'm probably gonna stick at home uh with the with the audio equipment and uh
we'll power through some we'll power through spaces if it if it fails us but yeah we will uh
most likely i'm heading down tomorrow after coffee,
and we'll have a full day, half a day there Thursday,
stick around Friday morning, then head back.
We may do audio only on Friday.
Yo, coffee with Captain from Board of Cubans on Friday?
Maybe.
I don't want to overcommit, especially with the audio glitches,
but I will, potentially.
It's a potential probably not uh just just too much going on this week to commit and the uh
um yeah probably not would be fun i'll be swinging by a board cuban and at least grabbing some food
or a colada but probably not going to try to to pull off a live show this time. But other news items,
let me know if anyone's getting that Jack Butcher Mint.
The other couple other high level flyovers.
And if we're missing anything,
is there anything anyone has any questions
on anything we discuss?
Throw that in the chat.
Let us know.
Apologies again for the audio issues.
If you're getting the in and out audio,
head over to YouTube or abstract.
We should be in the clear over there.
The big news coming out of recs.
Speaking of trades,
I wish I would have made it.
So just talking about them should have,
should have been buying this dip hard.
I bought some dips,
just did not buy the last dip of rec.
They just announced their partnership with superior beverage group,
new newest distribution partners,
major league forward.
They are a powerhouse.
I can confirm.
I'm from the Midwest, and SBG is distributing most of the retailers in the Midwest.
You can see some of the manufacturers they distribute today.
Coors, Gallo, Constellation Brands, Pabst, Boston Beer, Heineken, Great Lakes Brewing,
to name a few.
They were founded in 1922, stewarded through five generations.
They bring over a century of experience, proven excellence, and deep distribution infrastructure
to the table.
Legacy is working with tier one brands and proven track record of pushing product adoption
gives REC drinks a runway to scale fast and efficiently.
This partnership will mean significantly expanded self-presence and exposure for REC drinks,
increasing potential demand, brand legitimacy, and long-term growth of the REC ecosystem.
Big win. Access to over 13,000 retailers is no joke.
And excited for the Rec team.
As I've shared before, full disclosure, I hold a little bit of equity in Rec drinks.
I hold some Rec token in Rec guy.
It's not life-changing money. It's not about my bags.
It is, I think, you talk about catalysts, what could be onboarding mechanisms.
I do think it's things like what Flow is doing with their consumer approach to DeFi.
And these brands with brand coins getting out there in the wild and growing their distribution and having success.
I think, hold on, hold on.
You got a hot mic.
You mind mute until I finish this thought?
We will see some massive success stories coming out of crypto.
see, we'll see some massive success stories coming out of crypto. We'll see some crypto
native brands that achieve mainstream success beyond infrastructure, beyond blockchains,
beyond financial apps. I, well, I do think consumer DeFi is one that could be a big
mechanism to onboard another wave of net new users, active participants. I also think there's this big opportunity for on-chain builders
and crypto native builders. It's just going to take some massive success. It's going to take
some unicorns to come out of this space that aren't just crypto infrastructure. No offense to
the blockchains that are having success and raising tons of money or the hyperliquids of the world or the pumped up funds of the world or the open
seas like, but that's not going to attract your average entrepreneur who
doesn't necessarily,
whether they have a bad impression of crypto or negative impression of crypto
or no impression of crypto.
I think the people who wanted to build on chain or wanted to tap into this
crypto industry and environment and
ecosystem and active users, I think most of them for all, for most of these purposes are here.
The ones who aren't here, there's something that's kept them, whether it's their perception
or they had a bad experience or maybe they came and left. I think that there's a lot of startup,
there's a lot of entrepreneurs, a lot of startups. I do believe that blockchain tech
and the distribution that is here
could unlock, could level up a lot of them.
I just think it's going to take some big wins.
I see William out there.
It could be something like what Amazon gaming
is doing with other side.
Like it's just, it's going to think things
that we don't necessarily have today.
And I truly think it's this,
it's crypto native brands breaking out into mainstream.
And not only would that onboard new active users,
new active participants like Amazon gaming and other side is today.
I think this next wave will bring in the builders.
You see a rec brands.
Let's just play it out.
The rec brands does become one of the next liquid death.
And you see it everywhere.
And they get huge valuations.
I'm truly more excited than whatever my small equity stake
and rec drinks would bring me.
I'm much more excited what catalyst that might be
for the next wave of crypto builders, next wave of on-chain
builders, because for every on-chain builder, they're going to bring with them active users,
active participants, supporters. I think this is a really big deal and big congrats, big congrats
to the REC team. Pretty stoked about that. And really, speaking of things that could onboard
users, segue right into another major announcement that we think it's like I saw.
Actually, I'm not I'm not going to shot at him.
I'm not.
Please don't interpret this that way.
I'm a fan of whale.
I like whale.
But he said, man, it's such a boring day.
Nothing going on.
It's like.
This is we're spoiled here.
Like there's a ton of stuff going on right now. This just in the last 24 hours, a lot of major announcements, but because it doesn't send the floor up 20, 30, 40%, we don't talk about it like it's a big deal.
Pudgy Penguins partnered with the NHL for their winter classic from December to January, starting this week at Art Basel.
This is a big deal. Like, I don't care if you're an Art Basel, this is a big deal.
Like, I don't care if you're an NHL fan.
This is a big deal.
And is this going to directly pump the Pungy Penguins floor
or the Pingu floor?
Not directly.
But you talk about proliferation.
You talk about brand awareness.
You talk about fun things.
Like, these activations bringing Pingu into the world of NHL.
Like I say, it's not going to pump the token price.
And I would, I'd stand corrected as it actually is pumped 10% in the last 24 hours following this announcement back up over a billion dollars FDV 723 circulating market cap.
723 circulating market cap.
I think it's a big deal.
I think it's a big deal.
And I think,
I think that there's,
I don't know.
I don't know how to,
the words aren't coming to,
but I do think there is,
the active participants here,
need to do a better job celebrating wins
that's not just tied to number go up or floor
price like this is a big win like party with the nhl is no small task and their winter classics
kind of a big deal so i'm excited for this again i i i just shared earlier today i got like 500
a pingu left so i like it's not a bag bias really at all like i'm
not that i guess there's some but it's it's really not i'm i'm rooting for the pingu team
i think these the other thing with these wins we need more wins coming out of crypto we need
crypto native brands winning to back to my earlier point of onboarding the next wave of builders
whether it's a wreck success story or it's flowed consumer defi or it's pudgy penguins in NHL. I got
a, you know, my friend, my in real life group, my in real life friend group chat is mostly people
that still live in Ohio. And they had a snow day this week, not making this up. The morning post
I got yesterday was a pudgy penguin gif that was said snow day.
It's like they've done a really phenomenal job on getting the gifs out there.
And I know it's like not anything new, but each of these are a, they're small wins.
And we are seeing a brand, a consumer brand being built in real time.
It takes decades for these things to really catch on.
And that's it.
Oxy, go ahead and get in here.
And yeah, just wanted to call attention to this.
I think the internet is a big deal.
Go ahead.
Yeah, no, I agree.
I think, I mean, kind of going back to something Joey said earlier about just marketing and
not having a Steve.
Like, I think it's just an inherent issue that crypto and Web3 seem to have where the marketing just doesn't translate somehow.
If you think about, he was talking about Flow and how proliferating all the different brands that they work with and how big that is.
The same thing happened with Polygon back in the day.
They partnered with everyone on the planet and no one knew.
Reddit was on there.
They've got billions of users and no one knew about that the Reddit avatars were on Polygon.
There's just some kind of issue or some kind of misalignment or mis-messaging on like,
okay, this partnership, what does it mean for us?
And then continuing to
hit on that and how that translates into something bigger than what what it looks like at face value
or what have you um i don't know like you were talking about with pudgy like i i would to be
honest i would have liked pudgy to like maybe push like okay what's this mean for the nhl like what
kind of viewership are we going to be getting what does that what does that mean for us because like to be honest like people are dumb man you know like they're not
going to read between the lines or be like oh this is going to be in front of millions and millions
of viewers and then so on and so forth like i think rex does a really good job at that like
really kind of dumbing it down so to speak like okay this is what this really means so for us i agree wholeheartedly and i
think part of that is it's not his title but they have an incredible comms person
ob is one of the best in the game with this he just so happens to also be the ceo and the founder
he's been hosting spaces and streams maybe not every day but been doing it as long as I have. Like he's,
he's in the trenches, he's in the crypto weeds. Maybe he's not as much of an active trader today
because he's building a, you know, a, you know, a business that's scaling at a rapid clip,
but he is a comms person. He may not consider himself that, but he's a great communicator
and they do a really good job with it.
Like I'm not in,
like I'm in the wreck discord,
but I don't get in there regularly.
Every once in a while I'll see an announcement or something.
That community is as about as locked in as you get.
It's one of the most engaged communities on this app.
Anytime I put,
anytime I've referenced anything wrecked,
I get retweets and quotes and a lot,
and it's not AI slop.
It's real people who are, who are passionate. And I think part of it is because they feel so connected because of the
communication and here's my bold take i said this i said this yesterday in the war i don't know if
you saw it i'm not saying this because he's my friend i truly believe this in the more i think
about it every day that goes by i'm more convinced that this is actually going to happen.
I think our friend Steve, while I – again, he's irreplaceable.
I miss him on Coffee with Captain.
It's not like he's left.
It's not like he's not my friend anymore.
We were texting this morning.
I just don't get to have a two-hour conversation with him over Coffee every day anymore.
But he's going on to bigger and better things.
He's making a tremendous impact, not just at OpenSea.
My bold take, I think Steve and OpenSea hiring Steve and actually finally having a leading brand, a leading crypto-native protocol,
investing in a communications expert, someone that has extensive experience in communications and PR,
and is not only the credentials and the resume and the experience in the corporate world and
done this for very large billion dollar organizations, but also has the deep
understanding of the crypto culture. There's not many of those people. I get it's hard.
It's hard to identify those people. We're here. We do exist. I think my bold take is that Steve and OpenSea's decision to bring Steve on board in a leadership capacity to lead their comms.
I think it's going to lead to the next crypto hiring meta. I think we're going to see a massive shift.
I'm not saying that the interns and the shit posters are going to go away.
I'm not saying that the interns and the ship posters are going to go away. They'll still have their space.
They'll still have their space.
But I think you're going to start seeing these leading crypto native brands finally realize a lot of them keep stubbing their toe on junior varsity level communications, if any at all.
Or their communication strategy is they just let their founder say whatever.
Or they've hired a shit
posted intern, they get a lot of impressions on X, but they have no background in communications
and marketing. Like that's, that's okay to have a role, but to, to go spend a quarter million
dollars for a shit posted intern and not have a professional comms person on your team, you're
missing it, man. Like, I don't know what else to say. We've been saying this for years
on this show, how important communications and PR are for crypto native companies and how
so often when they have their missteps or they hit road bumps or they have a big win and no one
talks about it. I think that the easiest thought to connect is they don't have these professionals
on their team. They don't, they'll view their C-suite.
And while every,
not even every large corporation I work for,
like even the mid-sized ones,
like it's important everywhere except for crypto seemingly.
And for whatever reason,
it's always been downplayed.
I think it's changing.
It's not just because of Steve.
Can't make this up.
I had this thought, I'm thinking this. And then like clockwork,
Jesse comes out. We're hiring some of the lead comms at base. This is a pivotal role working directly with me in our mission to build a global economy that works for everyone.
You'll be our bridge to CT and press press may drive major events tell stories that move
base forward apply below senior manager product communications uh it's awesome now
if it was working directly with kobe i'd apply for this role i just don't want to work with
jesse no offense it's just not we're different people our styles are very. I don't know if I could, I don't know if I.
Growth gap. We got to have growth. You know what I'm saying?
No, I honestly, I miss Steve. You know what I'm saying?
Like I think that, but I, when,
when you look at what's actually happening like right before our eyes and
stuff like that, like it's a beautiful thing. And I'm,
I'm kind of happy to see it. I'm kind of like,
I've seen a lot of the brands recently, like reach out to the community and hire from crypto Twitter and stuff like that.
Like, I'm watching it happen in real time before my eyes.
Yes and no.
I think that's also been part of the problem is too much hiring from within the community. It's great to look in your community.
but I've from my perception what I've seen in this space and it's not any one company a lot
of them have done this is they hire passionate people from within the community who simply are
not qualified they hire a shitpost an intern that can get impressions on x but as and and they're
they love the community and so they're oh we're gonna we're gonna hire this person community
and then they give them a role of something like this where look at this look what they're asking for eight plus years in public relations communications
and related roles with focus on technology blockchain blockchain and fintech proven track
records securing coverage in top tier publications bloomberg cnc tech crunch and crypto native
outlets crypto expertise deep under like the people they're hiring from the community
most often don't have this type of experience, don't have this type of track record.
And so I think, yes, you should hire, like having the crypto native experience is important.
Having the understanding of blockchain and fintech, all that's important.
I think that's probably more important than it's someone that's deep in the community.
Ideally, you have both.
But I think what I've seen is too often they go for the community route as opposed to the
or it's completely the other end of the spectrum.
And they hire someone that checks all these boxes from a, oh, they've got the experience,
they've got the credentials, they've got the resume, but they've never done a transaction
on chain. We've seen two extremes as opposed to, and this isn't like, oh, look at us. It's just reality. I'm older than most people here. Steve's older than most people here. We both have backgrounds leading extremely large billion dollar or multimillion dollar multinational brands, whether it's corporate America or a franchise world, like we have that lived experience for two decades in addition to being here.
And I'm not better than anyone here.
Steve's not claiming he's better than anyone here.
We just have experiences that a lot of people that are here haven't lived yet.
And you do learn things in that environment.
You do like, I'll never forget the first time I was on Fox Business.
It was a segment called Creating a Successful Franchise.
The whole thing was like a half hour long.
I mean, I was sweating.
Like, they put makeup on you, you get in those bright lights.
Like, it's awkward.
I'm someone who speaks.
I've spoken for a living my entire life.
Whether I was creating content or hosting shows or not, like when I was
building my own business or leading a multinational franchise brand, my primary role was internal and
external communications. Whether it was external and PR or a new franchise location opening up or
leading a, you know, a national network call with all of our franchisees, like leading a, you know, like that was a core part of
what a lot of us have done. And I think a lot of people it's, it's, again, this isn't like,
please don't take this as like, oh, we're better than other people, or this is not an arrogant
take. It just, it is what it is. And having those lived experiences is very different than the lived
experience I have for hosting a,044 Twitter spaces.
Both are important.
They're not the same skills.
Steve has forgotten more about corporate PR the Bloombergs,
the Wall Street journals, the Fox business,
than most of your shitposting interns on Twitter have experienced.
They can learn.
I just think that sometimes we go too far into the community approach
at the expense of actual real talent and experience.
And I think to wind it all up
and Oxy, we'll go right back to you.
I do think that Steve and OpenSea
very well may be like the thing
that finally got people to,
okay, this is important.
This is a pivotal role.
Like I'm not knocking Coinbase.
I'm not knocking Jesse. They're finally admitting this is a pivotal role. Like, I'm not knocking Coinbase. I'm not knocking Jesse.
They're finally admitting this is a pivotal role.
Yet, we're how long into base
and they're just now realizing this?
And maybe to give them some grace
and that's been Jesse's role up to this point.
Now he's going to expand his rings.
They've grown to his eyes.
He needs a senior manager that can take on this exclusively.
It's just, it's not lost on me that base it and just start,
you know, talking about some of the new stuff up and coming.
I'm not saying it's his role.
Part of the reason I'm bullish on mega ETH is they have
someone like Brad, who's a comms person. He may not have the corporate background
and communications and PR that Steve has, but he is technical. He understands the technical piece
and he's well-spoken. He's been creating content. And he's been he's well spoken.
He's been creating content in this space for a while.
I don't view Brad as a shitposting intern by any stretch of the imagination.
And I think as we move forward, as the space matures, I do believe we're going to see more and more of this.
And I think it could happen quickly.
I think this could be, Steve very well could have started the waterfall effect of people realizing that, oh, OpenSea went from largely a laughingstock of the crypto natives, pre-Adam Hollander and that crew, since they brought Adam on board, someone who had the corporate experience, had successful exits, built real businesses, deep in the trenches.
experience, had successful exits, built real businesses, deep in the trenches.
And then they did the same thing with Chris and the former floor wrap team or the rally team.
They've been hiring professionals, not just shitposting interns. If you're a shitposting
intern, if you're a clipper, keep doing your thing. That's also valuable to this ecosystem.
It's also important. It's also a great way to get paid. It's also a great way to have a come up in this space.
But when we're talking about billion dollar enterprises, for them to prioritize a shitpost and intern over a professional person to lead communications and PR, you need to get your
head examined.
I'm sorry.
And I think finally it's starting to happen.
That's my hot take because I think Steve and OpenSea are going to start this, not the shitpost
and intern trend or the meta, but I think we're
going to start seeing a lot more teams in large protocols understand the importance of having
a professional comms person on their leadership team. Oxy, go ahead. Thoughts on this?
Yeah, thanks. So I want to recognize how hard it is for companies and I guess just companies to find
people that are crypto native these days.
I understand how complex it is to find someone who really understands crypto, the ecosystem,
how blockchains work.
I'm trying to hire accountants every day.
And I talk to a lot of these kids and no one understands blockchain.
They've never transacted one time in their life.
You need to know how to read the blockchain.
You need to know how to go to an ether stand.
You need to understand what, what like DeFi,
how DeFi works and what, what complex, you know,
infrastructure might look like.
And that's just like, you can't find it.
It's just really, really hard because of how niche this
industry is so i want to recognize that that's a really hard skill to find and i can teach anyone
how to how to audit you know what i mean i can teach anyone how to do the finance and accounting
side of things it's a lot harder to teach people about crypto web3 d, all these other things. So I guess all that said, I guess a message that I
would probably want to give to maybe younger people that are in crypto and Web3 that are
going to school right now, this might be like an unk take, so to speak, but I would highly
encourage a lot of people to keep like go to school get a
degree upskill yourself in like a quote-unquote traditional field because as this ecosystem
matures and as crypto matures it's going to become more and more necessary to have those
inherent skills yes like like a cpa right now that's in college or grinding through their
accounting classes or their finance classes or marketing classes, whatever it might be,
that skill that you're building and even if you have to go work in the traditional field for a
little while, there are real needs for these professionals in these kind of degrees and these more traditional skills now more than ever as this
space matures. So I don't know, it's kind of a counter take to what a lot of people preach in
this space, but I see it firsthand. There's a lot of people who, we need people who have these
traditional skills, like the marketing experience
or the accounting experience or education. And as things progress, as it becomes more mainstream,
as services start becoming more traditional, like in the crypto space, you're going to be able to
find a job at a lot of these firms or projects or companies that are going to require you to have those, you know, those skills
that you're going to develop in the more quote unquote traditional route. So I don't know, just,
just from my side of the table and in, in like kind of tying it into this whole marketing pivot
that we're seeing. I don't know. I think that's really important. I agree. I agree wholeheartedly.
And I said earlier, I go, Steve's not better.
Like Steve's not going to say, oh, I'm better than you. He's not better than the shitpost
and intern that's been in the trenches for the last three years and has never worked in corporate
America or never done anything from a professional comm standpoint. But Steve has 20 years experience
that that person doesn't have. That's not a bad thing thing it's not a knock on the shitposting intern you're an incredible spot you're probably i know you're likely making far
more money than steve was when he was at yakima washington doing his news reporting to get his
you know to sharpen his teeth back in the day you're an incredible spot and the fact that to
oxy's point there's it's hard to find these people there's not a lot of them here so maybe they don't have that experience today but i think you're in an incredible spot and as
the space matures though that i i think we'll also see the shitposting interns evolve into
a professional comms and marketing person my point is though for the the coin bases the
bases of the world the the open seas of the world, these billion-dollar blockchains or protocols, they don't have to wait for the intern to cut their teeth and gain that experience.
They can hire the experience.
And maybe it's not like there's more crypto brands that need this person
than there are those people in the space today.
I truly believe this.
Yeah.
It's funny.
When I first got into crypto, I fell in love with it.
And I was like, I want to work in this space.
I want to work in this space.
And I was like, damn, if only I was younger.
And I was auditing manufacturing and distribution companies.
It was the most boring stuff in the world to me.
And I was like, I want to work in this industry.
If only I was younger and I could take a risk like this where I could just jump in or whatever.
And now looking back on it, I'm god thank god i did that because i you know i audited for seven years and i and i built this corporate experience and
in this i don't know professionalism maybe it is the word i'm looking for, I guess. And now that I built that up, I got that experience.
And at the same time, I just studied and I was ingrained in the ecosystem.
And I learned as much as I possibly could about crypto, blockchain, the industry and the ecosystem along the way to where I was upskilled enough in both the professional side, as well as this
passion that I had to where I could bridge them, you know, five years down the line or four years
down the line and like find that, that niche that I was hoping for when I first got into it.
And like, maybe it's a, maybe I'm just trying to say like, be patient, keep, like, keep upskilling
yourself every chance that you can. Um, but I don don't know it's funny to look back and be like wow okay like really i you know maybe i
wasn't you know i don't maybe maybe i what i thought was the best move for me or what i wanted
to do like wasn't wasn't really right at the time because at the end of the day it worked out the
right way but i don't know just just funny to look back on i guess yeah no i think um i mean appreciate you sharing and i
think there's probably a lot of people who maybe today they'd like to take they'd like to apply for
this or they apply for this base role and they they get back and they don't get the job or they're
not qualified or they they get some like that's okay like this is you're still in an incredible
spot if you believe in the thesis of blockchain technology
and that crypto is going to continue to grow,
there's going to be more of a need for this stuff
in the future than there is today.
And to Oxy's earlier point,
there's a lot of communication professionals in the world.
There's 500 of them that work for Fortune 500s that are making
quarter million plus a year likely. There's going to be, and some of them might be a good fit in
crypto. Most of them are not. I think it's, to your point, Like you could teach people how to audit. I think.
Can you what's harder to teach the experience and how to lead communications and PR for an organization or the crypto culture?
I don't know. Like a lot of things I'd say, oh, you can you can teach this like some of it., I just, this is one of those things. I don't know if there's any replacement for experience.
I can't just push a button and infuse all the crypto culture knowledge and everything that I've learned here over the last four or five years.
Nor can I do the same thing on proper communications and PR.
Like it's, there's just, some of it takes time,
but I think I do, I think we'll see a bigger focus on the professional C-suite, the professional
leadership teams, the professional communications and PR. And, and, and likely it's probably
multiple hats, just like, it's not the only thing Steve's going to be doing at OpenSea.
just like it's not the only thing Steve's going to be doing at OpenSea.
I also think you're going to see a lot of these interns today that are good at attention.
Like, it's just a very big difference between corporate communications and getting impressions on X.
Both are important.
It's not the same skill set.
It's just not.
But I think you're going to see some of those that are really good
at the attention-getting hone their skills, develop, whether it's the employer they're
working with currently, maybe they take some courses or classes on or pay attention to watch
OpenSeas communications. They're not going to be perfect. They'll have missteps. Certainly everyone, no one's infallible.
I think you would be hard pressed to not identify a stark difference between what you see going forward from OpenSea versus what you saw in let's say 21 to 24 from a communication standpoint from
that organization. I think as other crypto data brands start to see that evolution, I think they'll
finally realize, oh, maybe we should invest in a professional
to join our leadership team to do this.
Two other quick topics.
We'll let everyone get out of here.
I appreciate everyone powered through
the audio issues on X today.
Hopefully that is solved by tomorrow.
Looking forward to our special guests.
If you haven't yet hit that reminder up top
for tomorrow's show,
we'll get a full house in here.
Assuming X spaces is back and working tomorrow.
Either way, we will power through.
The last two things I mentioned early, there was the Paul Atkins take. This is the SEC chair. So the agency has enough authority
to advance crypto regulation without waiting for Congress and plans to unveil an innovation
exemption for digital asset projects within a month. There was also a clip from, I mentioned
Squawk Box, where he went on CNBC to say the long-awaited innovation exemption will officially roll out in January.
It's a major regulatory milestone, paving the way for clearer pathways, compliant growth, broader institutional participation, massive implications for the digital sector.
And obviously you get a XRP army there tagging.
It's all bullish XRP.
I can't stop.
They love leaning into this sort of stuff
for whatever reason. And then the other
major news, major change today,
major announcement that we're going to hit on in
closing is this Tusaka upgrade.
This goes live today.
Maybe
live? I'm trying to see when it actually when it goes live today may maybe live i'm trying to see when it actually
uh when it when it goes live here's here's what's happening though today with this
asak uh fusaka upgrade it's all about scaling
l2 and roll up devs see if i can zoom in a little bit here so you can see it's just not
gonna let me not gonna let me get there It's as big as I can go.
I got housekeeping here too.
So I'm going to do this quickly.
This is pinned up top, I think.
Let me double check.
You can get your – yes, it is up there.
Go read it for more details.
Basically, L2s, it's big for the L2s, big for roll-ups.
Some other changes,
wallet infrastructure. What a day.
What a day on Coffee with...
Housekeeping uniquely, Taro.
Yeah, I'm going to go get the door. I'm going to play you all out.
Join us tomorrow. We're back at 8 a.m. Eastern Time. Hopefully,
X issues as a result of itself.
Appreciate you all being here. Thanks so much. My buddy, C,
I hope you all have a wonderful, wonderful Wednesday, everyone.
Thanks for tuning in to Coffee with wonderful, wonderful Wednesday, everyone. Thanks for tuning into coffee with captain powered by a point.
We hope you enjoyed the show and remember nothing we discussed today is
financial advice until next time.
Keep exploring,
stay curious,
and we'll see you soon.
Have a great day.
Welcome to the future. Thank you.
