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DID BASE RUG EVERYONE? π¨ $SOL $BASE
Recorded: April 16, 2025 Duration: 2:32:33Space Recording
Short Summary
In a heated discussion, crypto enthusiasts dissected the recent launch of two meme coins by Base, which quickly surged to a $15 million market cap before plummeting. The conversation highlighted the speculative nature of meme coins, the implications for creators, and the ongoing trends in the crypto space, raising questions about the sustainability and responsibility of such launches.
Full Transcription
Thank you. Thank you. Everyone knows what we need to do.
Like, retweet, comment, bookmark.
Get the space to 500 likes and we ain't starting the space. Yo, Cap, you good to go?
Yeah, sorry.
I didn't even notice you brought me up.
I'm playing right now.
Let's get anything good yet?
No, she's just talking about the MS-13 guy.
Yeah, she's just talking about the MS-13 guy right now,
but I'm playing it right now.
...MS-13 gang.
And two separate judges found that
Abrego Garcia was a member of MS-13,
and that finding has
never been disputed.
And just this morning,
it was revealed through Maryland court documents
that Abreu Garcia's
wife petitioned for an order of protection against him for two instances of domestic
violence in May of 2021.
Here is the order right here.
The court ordered that the respondents committed the following acts of abuse once in May of 2021, assault in any degree.
And on May 4th of 2021, he punched and scratched his wife, ripped off her shirt and grabbed and bruised her.
This is from a court in Maryland.
So not only are Democrats rushing to defend an illegal criminal foreign terrorist gang member but also an apparent woman beater. To set all of
that aside, the basic fact that he was illegally inside our country and had a
lawful deportation order made him subject to removal back to his home
country of El Salvador. And if he ever ends up back in the United States he
would immediately be deported again.
Nothing will change the fact that Abrego Garcia will
never be a Maryland father.
He will never live in the United States of America again.
And the United States Supreme Court rules unanimously
that the President of the United States and the
Secretary of State could not be compelled to forcibly
retrieve this citizen of El Salvador who is currently locked up in a maximum security prison in his home country due to his MS-13
membership. To remind the media and the Democrat Party, MS-13 are among the most vicious and
dangerous individuals in this world. They pose a direct threat to the United States,
El Salvador, and any other country who maintains basic
law and order.
MS-13 rapes innocent girls and women, runs sex trafficking operations, murders for sport,
and terrorizes law-abiding people.
That's why El Salvador President Bukele made it clear this week that he will not be releasing
this MS-13 gang member from his prison.
But that is not enough. All of that
is not enough to stop the Democrat Party from their lies. The number one issue they are
focused on right now is bringing back this illegal alien terrorist to America. But where
are the Democrats applauding the fact that southern border crossings just hit a historic
low? Where are the Democrats supporting our brave men and women of law enforcement who
are putting their lives on the line every single day to arrest the violent,
illegal alien invaders that the previous administration allowed into our country?
And where are the Democrats when innocent Americans are victimized by
illegal criminals that Joe Biden let in?
It's appalling and sad that Senator Van Hollen and
the Democrats applauding
his trip to El Salvador today are incapable of having any shred of common sense or empathy
for their own constituents and our citizens. Nobody knows this more than the woman standing
to my right, Patty Morin, whose beautiful daughter Rachel was brutally maimed and murdered at the hands of an illegal alien in August of 2023.
Patty no longer has her daughter because of the failed Democrat Party's open border.
And these are policies that President Trump is bringing an end to.
Patty should not have to be here today, but she is.
And we are grateful and we are honored for her willingness and her request to share her powerful story with the world.
Thank you, Patty, for being here.
A lot of you don't know the whole story about Rachel and about the crime that was committed against her.
Even us, her family, we didn't know all the details.
They kept most of it close to their chest, the detectives,
because they didn't want to do anything to hurt the case.
They wanted to keep the integrity of the case. So they kept everything close. I sat for the last two weeks
in her trial and we saw layer upon layer upon layer of evidence against the accused,
an illegal immigrant from El Salvador. And the things that we thought, well, maybe this might have happened, we didn't know.
But when we were at the trial, we got all the puzzle pieces.
And I want to share some of those things with you.
You know that Rachel's a 37-year-old mother.
She has five children.
We've walked the trail for the last 25 years that we've lived in Maryland.
It's a safe place for our family.
It's where we go to get a little bit of New England, because that's where we're from, New England.
When she went on that trail that day, she was not planning on dying.
She wasn't planning on walking to her death.
She was planning on going to the grocery store with her girls afterwards.
Victor Martinez, he waited for her.
He waited for her.
By the way, it's not quiet.
She's literally just whispering.
He saw that there was nobody around.
He attacked her.
He dragged her 150 feet, blood gushing from her head. It left a 150 foot trail of her blood.
Yo, this is the White House press briefing, right?
Correct.
Picked a wall.
Alright.
This is the special guest, I guess.
Against the wall of the tunnel, and he raped her. But before he did that, he stopped on that trail and rocks
still stained with her blood. He used them to hammer her head against those rocks. They
say 20, at least 20 times they could count the cuts in her head. They said that when they did the autopsy,
and I've seen the pictures, there's a six-inch square in the back of her head where the skull
is shattered the way that you would crush an eggshell in pieces. Three-fourths of her brain hemorrhaged. Her right and left side of her face bashed in.
Her beautiful face bashed in.
Her head bashed in.
Broken bones fractures.
He takes and he drags her some more.
He drags her through the thorn bushes.
She has all the scrapes and cuts on her body.
There wasn't one inch of her body that didn't have some kind of injury,
whether it's bruising, broken bones, contusions, the scratches.
This is propaganda. You know that, right?
1,000%.
Yeah.
If you saw the propaganda, it's fine. I don't know if you're talking about again that it's fine
this I don't know if you're watching on mute but if you saw this lady and how
she her like body like intentional her body languages it's insane
her hair is soaked in blood and they showed us pictures of her body against the wall, outlined, the blood outlined her body, and you could see where the blood...
They're trying to make it as horrific as possible.
And then he threw her down and raped her some more.
And then he strangled her because he didn't want her to be able to live to tell the story.
This sounds so awful.
It is.
Geez.
One of the things they do is they open up the neck and they look to see how far the
end came.
And it's impossible, hemorrhaging in the muscles because of how strong and violent
the group was around her.
These are the kind of people that have no compulsion.
Like to them, this is nothing.
And when he was sitting in the courtroom, The courtroom.
He cut out for y'all too?
Yeah.
Yeah, he cut out. We gotta bring him back up.
Yo, everybody raid the space.
This is the big fucking space.
Y'all gotta raid that shit.
I'm gonna just start blocking people and unfollowing people that don't raid it and following people
back that do.
Why should we allow
people like this, violent criminals, that have no conscience at all to murder our mothers, our sisters, our daughters?
I don't understand why there's even any kind of problem with this.
of problem with this.
And it's not that it's political, like the left or the right,
although I understand different parties have used it in the past.
But we have to look at it as we are American citizens.
We need to protect our families, our borders, our children.
I don't care about politics.
Well, I do, but I want to preserve life.
And that's the only reason why.
I like how, like, you'll be, like, sad for, like, one second and she'll be, like,
actually, no.
That's why I said if you're watching it on mute, you can, like, see her body language.
And, like, while she's trying to be emotional and, like, touching, she's, like, making those, like, expressions.
And then when she's, like, like you just said, she just snaps right out of it.
It's weird.
So did her daughter not get murdered and raped by an illegal immigrant?
I don't want to say that she didn't.
Oh, okay.
I wasn't sure.
I'm sure this lady isn't brought up here for no reason.
This is the other
side's propaganda machine, guys.
Yeah, they're trying to make all the people
who are, like, sympathetic towards
the left position realize that this is horrific I look building a
false flag is gonna happen due to the border this is now making us like hey hate fucking people from South America so that he can use my
taxpayer money
to fly to El Salvador
to bring back someone
that's not even an American citizen
why does that
person have more
right than
I do or my daughter
or my grandchildren
I don't understand this than I do, or my daughter, or my grandchildren.
I don't understand this.
And I just want to say that as a mother and as an American citizen,
the president and our entire team.
And I hope people in this room are grateful for your willingness to come here
and your request to share your daughter's story.
And I think the country hears you a lot and clear.
So thank you.
Does anyone have any questions for Patty or for me?
No? I have a question for me. No?
I have a question.
So, can you guys?
We'll see you all later.
The President will be at dinner later.
Thank you for being here this morning.
Thank you. Thank you.
Please call.
That was apparently a...
Cap, you cut out my brother. That was apparently what?
All of the press briefing.
Yeah, that was terrible, bro.
That was terrible. Our fucking economy is in fucking shambles and we're not lowering rates and we're doing press briefings like that.
Like, that's just... That's a propaganda machine from the other side, you know?
We can't just say, oh, only the Democrats
do propaganda shit.
Yo, they both do. Republicans and Democrats.
Both sides do. With their own
fucking benefits and
needs, which is sad,
unfortunately, but whatever.
It is what it is right what do we do
about it you'll do nothing you'll do nothing I just want to know what the
angle is because I really really I'm like starting to have a feeling that
some bad shit I always had that feeling but some bad shit, I always had that feeling, but some bad shit is going to happen due to that fucking border, yo.
I'm starting to also think
that they're going to do some bad shit
just to
pursue whatever they wanted to pursue, yo.
This is like,
this is like Trump's way of saying,
see, my wall should have been built.
It's how
he gets the funding to build the biggest and
baddest wall there is. Yeah, bro,
but I'm going to tell you what's going to happen. They're still going to
get across. You know how?
Underground. Underground.
Yeah.
You know what would be crazy
if they built like a moat
around the wall
like a big ass moat
deep as hell with like gators
and like super poisonous snakes
we could take a
rule out of China's book
and do the river mercury.
Is that real?
They got a river full of mercury, bro?
What was that?
Yo, guys, I'm definitely not going to speak.
I'm not gonna speak I'm not gonna continue
I really don't wanna play music
But I'm about to start playing music
Unless y'all raid the living fuck out
The space in the bottom right
Comment those Solana wallets down there
I wanna see those soul wallets
I might bless some people
I might not
I might not
I don't know yet, but if I see enough i just might bless y'all with
something a little something maybe make it rain 50s or 100s i don't know yet but i gotta see
something good i haven't been seeing nothing good i don't know twitter also been glitching
like a motherfucker to be real with y'all i had a hard time starting this space up
like i would start it but it wouldn't really start.
Like, I could see it on my end, but nobody joins, and the spaces post doesn't get posted.
It's some bullshit.
Whoa, whoa. I got some news right now.
Listen to this shit.
Base just launched a meme coin, and it went to 15 million market cap and then they rugged it
made a second meme coin
and rugged that one as well
holy fucking shit you can't believe this bro
base just did this
and both tokens are still on their fucking page right now
on twitter
I don't know if they're rugged
they can't be fucking hacked bro
let me guess another hack
who rugged it and his excuse is gonna be if they're... They can't be fucking hacked, bro. Let me get us another hack.
Who rugged it?
And his excuse is going to be... Like Coinbase?
Base, bro.
Base official page.
Yeah, that's Coinbase, bro.
Yeah, yeah, they fucking...
They've got two tokens that they
fucking made.
Okay.
One went to 15 mil
and no like removed liquidity yeah gone oh my god it went to 15 mil they rugged it it's called basis for everyone they rugged it then they made a second coin called um farcon
on it that new the first then the first token nuked they made a second one called farcon
it nuked again and then they haven't fucking posted anything else yet yeah i can't believe that me if i like i saw that and i
was like dude you can't make this for everyone that's for sure that's for everyone to get rugged
how about making two meme coins and it's rugged
15 mil as well like how is the fucking blockchain making a coin and it's only going to 15 mil you can't make this shield bro i really thought it was fake like when i saw that at first i was
like there's no freaking way they've still got both coins like as a post on the base
actual base account and they're not hacked you don't think
it doesn't look
does it yeah there's no other posts or really anything everything seems normal
I mean they would they would like post about it a lot if they would mark that, you would think.
That's funny as fuck, yo.
It's so bad.
That's just funny to me, yo.
The motherfuckers are just getting caught, yo.
In the past, they didn't get caught.
Now they're getting caught, bro.
This is fucking nuts.
Basically, it fucking goes to 15 mil.
It goes to 15 mil, and in one candle, it goes right down to 1 mil.
Yo, all the people that are supposed to be the superheroes of this space, and the good people, and the real builders,
are just the biggest scumbags, bro.
From Sam Bankman Free to all of them, bro.
They're the real fucking scum of thisags, bro. From Sam Bankman Free to all of them, bro. They're the real fucking
scum of this earth, yo.
You think
that has something to do with the fact that when you open up
Coinbase now, it says they're getting rid of
their Web3 wallet or their
DeFi wallet, basically, their Coinbase wallet?
I don't know, brother.
I don't know.
I don't think you think they'll get rid of that Coinbase wallet?
I don't know.
When I open up my Coinbase, it says action required.
Move your Web3 wallet assets by June 30th, 2025.
We're transitioning away from the Web3 wallet.
Whoa, whoa, whoa.
Coinbase wallet?
Yeah, bro.
No way, bro.
I use that i don't know many people that use that though guys it's like metamask and trust wallet what are you talking about what
they might just integrate it into their actual platform books like instead of having it as like
a separate thing guys they cannot yo oh yeah no you guys are wrong yo i don't get that
notification i'm talking about the app says wallet it doesn't say coinbase it says wallet
yeah i'm saying when you open up coinbase though it says uh what i just read and it said as we
upgrade your on-chain experience on coinbase that's the ending to what i was reading so
looks like they're getting rid of the separate app and maybe integrating it into coinbase that's the ending to what i was reading so looks like they're getting rid of
the separate app and maybe integrating it into coinbase itself or something yeah yeah so they
we're fine you don't need to if it's coinbase wallet you don't need to move your funds you
just take your seed phrase and put it in metamask phantom or trust wallet and the same coins are
just going to populate yeah i just didn't know. Do you think maybe they're going to say they launched that coin under that company that's being closed that's associated with that wallet?
No, Jesse Pollack has been replying to people about this.
So there's something up.
I'm just trying to figure it out.
It's weird.
This is very weird someone has to normalize putting all of our
content on chain and i'm not afraid for it to be us just to drop two memes yeah not afraid to
comment on it some good just drop two fucking meme points bro do you mean? You're not afraid to come in on it. Yeah
This is weird Yeah, I mean people shouldn't be keeping their funds on the centralized exchange anyway
So if you she got a bunch of funds on coinbase, you're probably not very sorry out of your fucking mind
Somebody said like there's really no benefit
Benefit, yo.
Zero.
Yeah.
Who the fuck?
I swapped.
I swapped $350,000 from, I think, ETH to USDC in the last bowl on Coinbase.
I lost like $20,000 doing that.
In just fees, right?
You get no benefit.
Yo, you get no benefit using that platform.
Like, it is highway robbery, scam, Sam Bankman freed.
But Brian Armstrong is the poster boy
of the US government,
so...
I bought five soul out there one time,
and they froze the soul for a week, and then
I never did it ever again.
Terrible, bro.
The only thing good about it is it's a good on and off
ramp. I always had a weird feeling about
Coinbase.
They always keep my funds, like, so many times it happens. I always had a weird feeling about Coinbase. They always keep my funds. So many times
it happens. I was sweating.
I was like, oh my god, I lost my funds.
And then
hours and hours later, it was there.
Why?
There's nowhere else where you could send
four or five hundred grand in crypto,
pay a little fee, and instant transfer
that bitch into your bank account, though though to be real with y'all
Right does does any exchange allow you to do that besides coinbase no I
Don't think so
So I definitely like that part, you know, but besides that nothing good about it
Ain't nothing fucking good about it
i can't believe they just fucking made two meme coins back to back crazy yo crazy just like that
bro and they're like they're like they're like you know like champing it to the fucking wall like
yo we want to tokenize everything like bro you just made two meme coins and rugged them.
What do you mean you want to fucking tokenize everything?
We want to tokenize everything.
They could have made NFTs with them.
Right?
What a joke, yo.
The fact that they nuked fucking 90% in like five minutes as well.
As soon as it tapped 15 mil, it like literally just immediately started dumping.
Bro, you can't make this shit up, man.
Like you actually can't make this shit up anymore.
You got blockchains doing it.
And I'm telling you now, 15 mil, they got no motion no motion how is a blockchain making a coin only go to 15 mil
a block chain definitely would have ran past 15 mil that's what i don't get why they didn't
wait longer to rug it i feel like they did that to say that if if we launched a coin and we were
going to rug it we would have ran it to 200 say that if if we launched a coin and we were going to rug it
we would have ran it to 200 mils and be their excuse or a billion dollars before we rugged it
it's going to be like their escape goat like it only ran to 15 mil clearly it wasn't us
why would we rug something at 15 mil
nuts bro weird we yeah that tweet he made 28 minutes ago makes no sense
Weird.
Weird.
Now, that tweet he made 28 minutes ago makes no sense.
What, the Jesse Pollock?
Yeah, I don't even understand what his point is.
He's a fucking weirdo, really.
Just coin it.
And he's propped up to be like a hero on Web3.
Someone has to normalize putting all of our content on chain.
What?
And I'm not afraid.
Just coin it.
Or it to be us. And then base literally make a tweet saying just coin it what do you fucking you just literally launched two
fucking i just i just saw a meme and it was like base now stands for buy and sell on everyone everyone. I fucking can't believe in this, bro.
I cannot
believe what I just saw.
Let me ask y'all a question. Do we
cancel them and host hate spaces
The Truth About Bass?
What do we do?
You're not allowed to.
We keep our mouth shut because
Brian Armstrong might unfollow us
Yeah, I need him to follow me because he's no, I don't know bro. I I think you fucking
Fuck base bro
Open gas rename the space bro
That's the that's the worst part is like they're actually trying to own it there's no way they should just do that that's the that's the worst part is like they're
actually trying to own it right now they're like yeah we just did that like coin everything
like what we just rubbed everything you just broke everything you mean broke everything
i don't see any base spaces yet bro i think you should i don't think you'll ever see any
base spaces yeah but that base is rubbing yeah and now we do
and then we keep tagging jesse until jesse comes in here jesse and brian armstrong yeah i said we
keep tagging them you know everyone tag brian armstrong base coinbase tag everyone in the
bottom right let's get the ass hey we want go hey hey hey hey you got it you got to
be smart about it you got to say hey jesse can you please come in here and explain to us
what you know like what you're thinking or what you guys are doing just be smart about it we might
be able to get them to pull up guys all my ladies all my up, cry, do your thing. I have my life savings.
I put it in bass
and they got me.
I can't believe it.
Hey, Books, how about did bass rug
with a question mark?
No, that's good.
Did bass rug.
And that might get them
in here because right now they probably,
base is rugging.
I think did base rug.
And then that's how we tag Brian Armstrong, Jesse,
and ask him,
can you guys come in here and explain to us
what coin it means?
You know what I mean?
We need a lady to come up though, bro.
I'm telling you.
Start crying, talking about she put all her money in.
They always do.
Where's Katie when we need her?
Katie won't do it.
Katie won't do it.
We need someone that'll do it.
I mean, come on.
Y'all always trying to be actresses and shit.
Let's go.
We need a savage bitch.
We need, like, one of them prostitutes that live in Vegas type of girl, you know?
They'll do it.
You know you're down there listening. And they act like
they're professional traders.
Shit be having me die.
Put your ass up here.
I can't even believe what I just witnessed.
Like I actually
can't even believe what I just witnessed.
We've got blockchains
making coins. They're normalizing it
bro listen listen bro this is bigger than here brian armstrong talks to the fucking u.s government
bro all right so this is normalizing it bro they did this shit so they can put whatever
regulations they want on us bro a fucking blockchain just rugged the community like this
is exactly this is exactly
This is a part of they're gonna say it's a hacker intern, bro
It's not because Jesse's Jesse's account and the base account bro. I just posted it
Department inside the offices, but they have like an FBI literally office and yes building
Yes, an FBI headquarters inside coinbase
You know office building yes an FBI headquarters inside coinbase you know so someone
sort someone comment down the post say who the fuck on your team has approving
this shit and then Jesse commented back me and then someone commented back to
that saying oh so you're the retard like bro I can't believe he's just like so
openly like rugger just no admitting to this like you gotta believe
it brother you gotta believe it my mind is blown right now we've got blockchains making coins
it's normal brother they need this to happen in order to regulate then jesse becomes a state witness and then they uh he gets immunity from
everything you know what i mean like all of that bro there's immunity here like rugged it's okay
nothing's gonna happen to you we need nothing has happened to you even if you didn't have immunity
yeah yeah but you know you understand what i'm saying though bro like this is there's some inside here just it doesn't just happen like this bro yeah
y'all want to see what the child looks like i'm gonna post it right now i hate these people
in this space maybe they throw hey maybe they throw it all back in. Maybe it's a good buying opportunity. No, I'm touching it. That would be crazy, right?
This place is
terrible, bro. I just pinned it to the
top. Look at that chart. It's actually up 30%
right now. People saw that
opportunity, like it being 95%
down.
Look at that. I just pinned it up.
Can you guys see that?
It's a basis for everyone to get rugged.
Look at that chart, bro.
That chart is not a healthy chart.
After the rug, it is healthy, though.
I must admit.
900 K to 3.1 million.
This could be the ultimate CTO.
Yeah, we have to buy it in base, right?
Yeah, it looks like it.
Let's see.
Watch this thing hit $10 million, bro.
Fucking sick, brother.
Place is so grimy, yo.
You know what he's doing?
Anyone that's, like, made a comment about him,
he just quote retweets his actual tweet.
He goes,
someone has to normalize putting all that content on chain, blah, blah, blah.
Why?
Why?
Because in the wake of chaos,
we'll normalize this behavior and create a better future for creators.
Come on. Just join us. Just coin it. No. Why? Because in the wake of chaos, we'll normalize this behavior and create a better future for creators.
Come on, just join us.
Just coin it.
No, just coin it.
Just coin it.
You just basically said that anyone could go and rug a coin.
You basically just said to everyone.
He's not wrong.
Make a coin and rug it.
He's not wrong.
Okay, I'm just going to make a coin right now hey you wanna know something sick
a lot of early creators
that's how you make money
like there's nothing wrong with it
the blockchain allows you to do it
and then they bring regulations in guys
and all the bans and all the shit happens
and decentralization becomes
the word decentralized becomes extinct
and then you have to go through Coinbase to launch something.
And then you got a KYC and get vetted,
submit paperwork,
have a company and you can only do it through a company like Coinbase.
If you want to launch your meme coin,
I'm telling you watch bro,
they are controlling.
They are trying to control crypto so bad right now that they are going to do whatever.
They're going to let motherfuckers do whatever they want right now with no repercussions, right?
But they're taking notes, right?
They're taking notes.
Hide the pain fucking herald.
You know, we raised this much money, blah, blah, blah.
Then this project did this and had a pre-sale and they rugged it.
And then coinbase
they're they're they're taking they're taking notes right now they're
that's why they're not talking about crypto they're like you do whatever the
you want trust me go ahead do whatever you want watch what's gonna happen
it seems like it's more of an ad for zora than it is like coinbase
it seems like it's more of an ad for zora than it is like coinbase
a what do you know what zora is yeah but that's that's that's uh that's where they can buy right
yeah this is a social network where every post is a meme coin and every post that he has is linking
back to zora this is sick bro i think he's trying to promote Zora because Zora's built on bass.
Yo, what are their handles, the bass people's handles?
Like, what's Pollock's? Jackson Pollock, right?
I just sent you one of his tweets a second ago.
Alright.
It's like jessebass.eth.
You guys...
Jesse Pollock.
Jesse Pollock is the handle, not the name.
Guys, tag Jesse Pollack
in the bottom right.
Tag base, which is
at B-A-S-E.
No, it's not.
Oh my god!
Look at this.
Yeah, it's B-A-S-E. Tag base in the bottom right.
Tag Brian Armstrong.
Brian Armstrong is... I'll tell you in a second
what's brian armstrong's handle look at this one here it might be at armstrong i've launched 16
and people still seem to care you should check him out with some good content in there bro just
admitted to making 16 room coins it's b Brian underscore Armstrong. Brian underscore Armstrong.
Tag Coinbase.
This is crazy.
My brain is hurting right now.
Crazy, bro.
He hasn't posted at all about it.
I wonder if he's like fully
aware he probably is he just doesn't know jesse's just doing this because he you guys think
you think this is going to be another uh like meteor situation where they have someone step
down and then now now they got meteor to use as an example now they'll have base and they'll
make whoever their vp is step down or whoever the we're talking about right now i don't know
it's a it's a good call actually imagine you to see jesse tomorrow post that he's stepping down
yeah i feel like like why else would this happen i mean argentina thing ben chow now coinbase
jesse and next thing you know there'll be someone from binance oh wait we already had someone from
binance cz so this could be the last one the third strike have they ever gone after the Winkle Boss twins?
I don't know, bro.
I'm just fucking shocked, bro.
My, like... I'm just so shocked what I've just witnessed today.
The fact that we have just a fucking...
The fact that this space just allows this to happen and, like...
Yo, this will get swept under the rug next week.
No one gives a fuck about
it bro but like the fact that this is just happening and now it's like being like it's
being normalized like it's like oh just coin it like we can tokenize everything like what bro what
do you even mean this is the problem with web3 like this, this is the... Is we allow people to do stuff like this, right?
Like, it's not an opportunity to...
I don't think he realizes the impact that he has when he says things like,
just token it or just coin it.
Like, bro, you're opening an opportunity for everyone to do that.
Like, do you not know that this space is full of a bunch of fucking retards that will take any opportunity that they can to fucking scam other
people in this space like you're i don't think they're scamming i don't think that they're
scamming bro i don't think that they're scamming no not them not that not him scamming but what
i'm saying is he he he he has influence Right And what he's doing right now
Who is he
Jesse
Would you say it to his face
If he was in his face right now
What if I told you I texted him and he pulled up
I don't think you'd say it to his face
Get him up here
He's up here
This is ridiculous.
I still think the same.
I think this is a way to...
It's not good for this space at all.
I feel like you say...
I think you change your name to Meeseeks
because you look like Meeseeks from Futurama, bro.
I thought Meeseeks was Rick and Morty.
Yeah, that guy.
Yeah, Rick and Morty.
What color hair he got? Well, in Meeseeks, Rick and Morty. Yeah, that guy. Yeah, Rick and Morty. What color hair he got?
Well, Meeseeks, he's got no hair.
He's got red hair.
No, Meeseeks have a little bit of red hair.
How's it going?
Jesse, what the hell's going on, my guy?
Hey, everybody.
Happy Wednesday.
How's everybody Wednesday going?
What's going on?
Great to hear you.
Great to hear from all of you.
I don't know all these folks,
but I want to just jump in. I saw this space. I saw that there were 2000 people in here.
So obviously a lot of excitement and energy around kind of the activities on chain right now.
I wanted to just have a conversation, open myself up for questions and hopefully bring a little bit
more clarity to kind of how we're thinking about the future of on-chain, how we're thinking about content on-chain,
and where we're going from here.
Does that sound reasonable?
That sounds reasonable.
Well, maybe let me just start,
and I'll just give a little bit of an intro,
and then I can open it up for questions,
and we can talk through some of this.
But maybe for those who don't know me,
because I imagine there's a bunch of folks on here who don't know me.
I was listening before, and folks were like, is it Jesse Jackson Pollock?
I'm Jesse.
I've been building in crypto for 12 years now.
I started in 2012 when I bought my first Bitcoin, started a company fresh out of that and did that for five years working with crypto companies.
We did identity.
We worked with folks like Bitfinex and Bitmax way back in the day, 2013, 2014.
Then that business didn't work out.
And I joined Coinbase through an acquisition.
And I joined Coinbase at the very beginning of 2017.
Did that for, you know, just joined as an engineer and then spent the next five years
building all of the consumer businesses at Coinbase.
So from 2017 through 2021,
I was responsible for Coinbase, Coinbase Wallet, Coinbase Pro.
And then after five years of doing that, I basically decided I wanted to start another
company again. And I thought I was going to leave, but I ended up starting Base.
And the vision with Base was to bring Coinbase on chain, figure out what it meant to
bring a fortune 500 company onto this new technology platform. And in doing that,
hopefully normalize it and actually make it possible for the entire world to come on chain.
Because if we could figure out what it meant for Coinbase, that would probably be a pretty good
playbook for everyone else. And so we spent about a year trying to figure out what that meant.
And then after a year of trying and failing, we actually shut down my team and said we couldn't
do it. And then kind of out of those ashes, we gave it one more shot and that shot became base.
And for those who don't know, base is a chain. It is at this point, the largest layer two on
Ethereum in the world. There's millions of people all around the world who are using it. There's tens of thousands of builders all around the world who are building on it.
And there's just really incredible energy that's forming on base right now with the mission of
building a global on-chain economy that increases innovation, creativity, and freedom. When I think
about what we're trying to do, that's it. Coinbase has always had the vision of increasing economic
freedom around the world. And the best way to think about base is that we are building a global economy to fulfill that
mission. And so that was base. We started it in 2021 and now spent the last, at this point,
four years. I mean, I guess we started in 2022, spent the last three and a half years building
on it. The mainnet's been live for about a year and a half
and I'm really excited about all the progress.
So that's the high level context on BASE.
You can think about me as the creator of BASE.
I work with the BASE core team as of last fall.
I'm also responsible for Coinbase wallet.
So if you use Coinbase wallet,
which is a really awesome wallet
that supports both EVM chains like BASE and Solana, you can come to me with feedback, with questions, with everything.
is that obviously there's a lot of excitement
and then I think some frustration
or some disappointment
about BASE starting to bring its content on chain.
For those who don't know,
this morning,
BASE published a Bases for Everyone graphic
that we've been kind of rallying around
as a community on Zora,
which turns into a coin.
And then later in the day,
we published a Farcon poster,
which is an event we're going to, also coined on Zora.
And if you go to the base profile,
you can see that this isn't the first time we've posted on Zora.
We've actually been posting on Zora for a little bit more than a year.
It's basically since the beginning, I mean, two years,
basically since the beginning of base, we've been posting on Zora.
And the reason we've been posting on Zora from the beginning of base, we've been posting on Zora. And the reason we've been posting on Zora
from the beginning of base is that at the end of the day, we think that one of the most important
things that we can do as base, and that I can do as a leader of base, is use the tools and actually
use the products that people are coming on chain to do things with. And one of the most important themes and kind of sub-sectors that we
think we need to be using is creator tools. Because when you look around the world and you
look at what's the fastest growing kind of new sector, it's creators in the creator economy.
There's hundreds of millions of creators who are full-time creating content. But one of the really frustrating things about that
reality is that even though there are hundreds of millions of creators full-time creating content,
right now, all of the value of that content is going to a small number of big corporations.
It's going to Facebook, it's going to Instagram, it's going to TikTok. And that's a really,
really frustrating outcome for creators
because they're bringing all this creativity online, but then they're making less than 5%
of the overall profits with 95% going to these large platforms. And so one of the big questions
we've been thinking about as base is how do we build a better economy for creators? How do we actually empower creators
with new tools that let them earn money? And we've been so excited about the work that Zora's
been doing for now the last five years to figure that out. And it's gone through a little bit of
an iteration. When Zora started and really when the creator economy started on chain on Ethereum,
And really when the creator economy started on-chain on Ethereum, it was NFTs.
And this was a really powerful tool.
It was mostly one-of-ones and some kind of like 10,000 collection.
But what was really challenging about that is when there's only a one-of-one, only one person can participate in that.
That's not that many people who can participate.
Even when it's a 10,000-person collection, not that many people can participate.
And so then the next phase that we saw on Base and with Door and other tools,
and I think folks on Solana might be less familiar with this,
but this was big over the last year and a half on Ethereum and Base and other L2s,
was what we call open additions,
which is that a creator could upload their content,
and then anyone could mint.
And when they minted,
they earned, the creator earned money and the person basically just got an NFT.
And this was kind of a good iteration because it went from one person being able to participate to infinity numbers of people being able to participate because anyone could mint that
open edition. But what we also saw was that that model
kind of capped out. It reached a kind of natural limit in terms of how many people could participate,
how many people were excited about participating. And at the same time, we look over at what's been
happening on Solana and with Pump. And I said this the other day because Vitalik kind of said Pump is bad.
I came out and said, actually, Pump is good because what we're seeing on Pump right now,
and I think what Alan and team have kind of showed, is that when you give creators the tool and when you give them coins, which are at the end of the day, the most liquid,
most freely forming, most pure way of representing something
on chain, they can do incredible things. They can create memes. They can create millions or
tens of millions or billions of dollars of value. And it's been so, so inspiring watching that
happen on Pump, watching that happen on Solana. And I think as we've been kind of iterating on
this open edition model through conversations with Jacob Horn,
the founder of Zora and other folks,
what we saw is, oh my God,
maybe that's the next step.
We went from one of ones,
which were NFTs,
to open editions,
which were also NFTs,
but that hit this limit.
And what if we actually went all the way
to coins,
to embracing this as a new model
for creators to put their creativity on chain and then let anyone co-own that creativity with them.
And in doing that, actually build a better creative economy. Now, when we looked at the
pump model, though, we felt like there were a few things that were different that we wanted to tweak. The first was in the pump model right now, when creators create
things, the only way that a creator could earn is if they buy early and then later sell.
And we actually think that that's kind of a problem. Because if you're a creator and you
have a lot of content, you don't want to be selling on your fans.
You don't want to be selling on your community.
Instead, you want to be collaborating with them.
You want to be co-creating with them.
And so the first big tweak that we've seen with Zora and with Clanker and other protocols on base is the shift to creator earnings and creator rewards, where creators actually earn from the activity
and they earn from participating
in growing the attention on these assets.
So that was the first big change
that we thought was really relevant.
The second big change was,
I think when we looked at the kind of mental model
that folks had around coins,
the kind of place that we had gotten to on pump,
and even right now, we're talking about
base, was that you could only do one coin. Because all of your attention and energy had to go to that
one coin forever. And if you did anything other than that, that was bad. But if you look at the
way creators actually work in the real world, and I've talked to literally thousands and thousands
of creators in the real world, they're not just creating one post. They're not just creating one idea.
Every single day they're going back. They're saying, how do I create something new? How do
I be generative? How do I make an infinite game of content that I can create and everyone can
participate in? And that's where this idea of kind of starting to think about
coins and bringing content on chain less as a one and done and more as an infinite game that we can
all participate in came from. And so what we've done over the last month and a half is we launched
a new platform with Zora and Clanker and others that put more money in the hands of creators and
let them earn from activity and attention. And then we've worked to shift the culture
where instead of saying a creator can only create one piece of content, we're saying,
no, actually, let's let creators create as they always have. Let's let them bring their content
on chain. Let's let them be generative and experimental and exploratory. And then let's figure out how can we create market
structures that enable that content to be correctly valued as it is. And so if you go on my Zora
profile, and you can go there by just going to Zora and searching Jesse, you'll see that I think
I've put 16 pieces of content. I have way more on my Instagram.
I'm going to put way more.
And generally, they're worth somewhere between $2,000 and $5,000.
And when I look at that, that's about right.
How much do you think a video that I'm making is actually worth in the real world?
I think probably somewhere between $2,000 and $5,000.
The best one I think is worth $30,000.
That's different than I think when people are thinking about memes and they're thinking about all of this attention and all of this different
work from one person who's fully focused on one thing and is going to keep doing it,
where you see that actually have a higher valuation. And so that's been an awesome
experiment over the last four weeks, five weeks. We've seen a ton of really good data that creators
are earning more, that they're having fun, that collectors are also participating. And I think this is a really
important thing is that it's not just people trading this content, it's also people collecting
it because they want to feel connected to the creator, because they want to participate,
because it's fun for them to buy a cent or five cents or 10 cents of content, just like it's fun
for them to buy a sticker or a t-shirt or something else
that makes them feel connected. And so what we did today is we said, hey, this has been working
for Jesse. This has been working for creators. But one of the most important segments of creators
in the world is actually brands. And there's all this stigma right now about bringing content on
chain. And in order to break through
stigma, you need someone who's willing to break through. And I did it as a personal individual
creator. The first time I created a piece of content as a coin, people were like, whoa,
this is a meme coin. The second time they were like, whoa, you're a rugger. And then the fifth
time they were like, okay, this is a really cool piece of content. I'm going to value this piece of content as it is. And today we said, okay,
base, it's time for you to lead the way for brands. Because if you can lead the way for brands bringing
their content on chain, it can help create safety and space for every brand to bring their content
on chain, to give all of us more of an opportunity to engage
to participate to earn and to create trade the content because some content is going to be more
viral than others and so base launched a classic image that's been working with bases for everyone
and then an hour later we put a second piece of content on chain which is our far con poster which
is another piece of content that folks should value as it is. And from here, what we're going to keep doing is we're going to keep bringing
more content on chain. And we're going to keep working with more creators to empower them to
bring their content on chain and to earn from it. And so that's the full context of why we're here.
That's the full context of what happened today.
And I want to share where I think we're going. And that is, if you look at the creator economy
today, there is hundreds of billions of dollars in revenue that is earned by a small number of
corporations. And that revenue comes from creators and their creativity. They are bringing their
creativity onto these centralized platforms, and then the corporations are profiting off of them.
And where we are going from here is a better future. It's a better global economy that actually
works for creators, where when creators bring their content on chain, when they coin
their content, they earn more. They can have more direct relationships with their fans.
And they can actually use that content as a foundation for building a business,
for building a community, or for building whatever they dream. And the path to get to
that future is not always going to be easy. It's not always going to be
clear. And sometimes it's going to be a little bit controversial. But on the other side of
controversy is often the magic. And so I appreciate all of you listening to that kind of five,
10-minute spiel. I'm sure there's a bunch of questions. I have about 15 minutes for questions
right now. And I'm just going to open it up and I'll let the hosts kind of co-host this and let folks ask questions.
Yeah.
Based off of everything you said, I'm still a little lost.
Is this a marketing stunt?
Because I'm not really understanding what you mean by everything you just said in regards to the token rugging.
Yeah. So first off, I just want to clarify to the token rugging? Yeah.
So first off, I just want to clarify, no token was rugged.
We created a piece of content on chain.
Folks bought it.
Base definitely hasn't sold any.
There's no insiders who bought it and sold any.
The market is going to value content as it should be valued.
The price went up. The price went down. I think the price is now to value content as it should be valued. The price went up, the price went down.
I think the price is now whatever it is. And I think that that's healthy. That's the market.
And the really powerful thing about the market is that it lets content be valued appropriately,
which lets that content value then flow back to creators. Now, where do we go from here?
I just wanna communicate it clearly.
We are going to bring our content on chain.
We're gonna keep creating content on chain
because we think it's really, really important
that creators bring their content on chain
so that they can earn more and so they can do better.
That's not, so if anyone ever like blames me for a token going up and down, I could just say this is
content on chain. I'm liking your thinking here, Jesse, when it comes to the price going up and
down, are you saying it was done organically? No liquidity was removed at all? Your team had no
tokens that they sold? There was no intern behind this account that
dumped or anything of that nature? Yeah, 100%. Coinbase is a public company. We are very buttoned
up in everything that we do. I've been working with our team for the last while to figure out
how to do this. And obviously, there's always going to be
questions about, okay, you're pioneering something new. How do you do that in the right way? And
we wanted to make sure that we were super buttoned up. And yeah, of course, there was no
selling from base, there was no removal of liquidity from base. And the really cool thing
about this actually with Zora is that the liquidity is put in a pool and locked.
And so there actually is no liquidity that we could have removed. It's built in a way where creators earn from that liquidity, but there's no opportunity for them to do that.
Did you launch this with the intention of creating content on chain?
We launched this with the intention of bringing all of base's content on chain.
And so as you see us, you know, post things on Twitter and post things on Instagram,
you're also going to see us post things on Zora,
because we think it's really important for us to actually use the platform
and get these learnings firsthand and clear the way for other creators,
hopefully like some of the 4,000 people in this room,
who maybe right now are a little bit scared to bring their best creativity on chain.
Because when creators right now bring their creativity on chain, instead of getting welcomed
with a warm welcome of, wow, this is an incredible piece of creativity. Let's support it. Let's
participate in it. More often than not, they're told you're doing it wrong.
You're doing it wrong. And I think the future that we believe in is the future where it's
actually normalized for creators to bring their content on-chain. And they bring it on-chain to
Zora, they bring it on-chain to Clanker, hell, they bring it on-chain to Pump, and the market
can value it as it is. And then the value of that can flow back to those creators. And we can create a
new economy where creators win. Is this the type of, real quick, before I get to any of the hands,
I'm going to tell you guys, I want you to be respectful. If anyone comes up here cursing at
Jesse or doing any of that nonsense, you're getting kicked off midway through whatever
you're trying to say um jesse i got a
last question for you real quick um these these two tokens that were posted by base today uh to
create content on chain would you list these on coinbase would these be meme coins that you would
list on coinbase you know i i don't get into the like i'm not involved day-to-day in the listing
strategy um but one thing I
will say is that Coinbase's goal, and Brian said this the other day, is to list everything.
That's what we're working towards. We're working towards listing everything. Because at the end of
the day, the role of Coinbase is to provide a trusted access and trusted entry point into the
on-chain economy. And then to give our customers the
information and the knowledge in order to make good decisions. We don't want to gatekeep. We
want to let creativity come on chain. And then we want to let the world access it because we believe
in economic freedom. We believe in free markets and we believe in bringing people together
to create the best possible global economy that we possibly can.
You didn't really answer that question, though. Is it a yes or no?
On whether Coinbase is going to list these coins.
Yes. Do you have enough belief in them to list them? That's the question.
These coins are pieces of content. Coinbase hasn't listed any content like this before.
It's just a yes or no question.
And so I think we'll see how it like it's just a yes or no question and so i uh
i think we'll see how it goes it's a yes or no question um jeremy i think you had your hand
raised yeah i was gonna quickly just just quickly just just for one little thing before we go to
the hands um i saw a comment where you said just coin it i feel like you you know how much influence you have in this space right
and i feel like this opens the floodgates to if you keep saying creators creators creators creators
but it kind of feels like to me you don't understand how much bad is in this space you
know when it comes to ruggers scammers social and everything. Do you understand that just posting a reply saying,
just coin it, is going to open the floodgates to everyone
with the capability to rug anyone,
to take advantage of everything?
I just feel like with someone of your influence
saying stuff like that so freely,
it's just a little, to me, a little volatile of you to do something like that without really understanding your influence in this space, if I'm completely honest.
Yeah, I think that's a really good question and perspective, which I think what I'm hearing from you, just to repeat it back to you, is that I think there's a fear that if we open the floodgates of letting creators bring
their content on chain that it could lead to more bad actors and i have a i have a pretty perspective
a pretty specific perspective on this which is that i actually don't think it is a good thing
or up to us to culturally prevent bad actors it's too hard because who gets to say who's a
bad actor? I mean, that's maybe a little bit of broad generalization, but if we just try and do
it by saying, no, you can't bring your content on chain, no one can bring their content on chain,
only certain people can do that, we end up crowding out a lot of creativity.
creativity. And so instead, what we need to do is we need to technically prevent bad actors.
And so instead, what we need to do is we need to technically prevent bad actors.
We need to build systems and market structures that limit what's possible and limit how actors
can behave. And I think Zora is a great example of this. Again, the liquidity is locked. And so
there's no ability for the liquidity to get pulled out. There's a creator revenue share. And so
there's no incentive or much less incentive for
creators to dump on the people who are collecting. And I think the more we can build systems and
structures and markets that reinforce the behavior that we want, rather than saying,
no, you can't. And rather than saying, we're going to shut down and close out creativity,
I think the better off
this market will be. And this is kind of the way the internet works today, right? The internet is
a chaotic place. But we don't get a better internet by saying, oh, no, we're going to shut
down different parts of the internet. Instead, we say, no, we're going to build better products
on top of the internet that let people participate in a healthy, productive, collaborative,
positive some way.
And that's what we're going to keep doing on base. We're going to build better technologies,
better products. We're also going to clearly state what success looks like on base from a values perspective. And for those who haven't heard it, when we think about what it means to
be based, which is what we all hold ourselves to, it really means a few things. It means working hard.
It means thinking long-term. It means staying optimistic. It means pushing boundaries with
creativity. And then most importantly, it means putting the team over the individual.
I think this is a really important thing when it comes to creators. We win together. And when you
have these reality where the market is starting to run into
creativity, I think it can get really easy for all of us to start thinking zero sum.
And the more that we can start thinking in a positive sum way, where we're trying to figure
out how do we build new systems that lift up creators, that create value for them, and that
can be a fun playground for traders to earn money and to take the knowledge that they have
about what content is great and use that to make money. That's how we're going to build the best
global economy. Jeremy? Yeah, I have a few things to say. Look, first of all, I do agree with the
fact and I do respect the fact that you want to bring content on chain I think it's really important to obviously like incentivize creators and
make sure they feel rewarded I mean I'm a creator myself I would know and that's
one of the only things that you know I wish there was more of in the space but
what I don't agree with is the way that this was done because I mean first of
all there is many people in this space I'm sure you know like at the end of the
day as you said you can't avoid those people that are trying to do bad you can't obviously say you know people are
gonna get rugged and it's not your fault sure you can say that but at the end of the day there's a
lot of normies that don't really understand what's going on in the space and when like a big influential
page like the base page especially for people that have no idea what zora is you know if they launch
a coin no matter what it is no matter what the idea is behind this like no idea what zora is you know if they launch a coin no matter what it is
no matter what the idea is behind this like no matter what the perspective is at the end of the
day they're gonna ape because they think it's a meme coin like you're not gonna see tolly or the
solana page go on pump fun put some tweet up and say we just coined this and post this from the
main page like if if anything by the bare minimum i would expect to see some sort of uh i don't know
an announcement
announcing and announcing the plan that you have to go off you know putting content on chain making
a first piece on that and from there maybe leaning towards actually rolling more and more
contents of pieces of content but just posting this out of the blue just you know we made this
coin everybody's obviously just gonna see this yo base launched a coin base launched a coin base launched a coin ape is going to 50 mil and you know what do you
it's expected it's gonna get go to zero after some point or at least very very i just want to
comment on that quickly one second buddy one second let justice yeah let me just jump in well
first off jeremy i just want to say that i'm glad to hear your creator and thanks for coming on the
space and thanks for sharing this you know uh i I'm never perfect. We're never perfect. And I appreciate the feedback. And I
hear that. And, you know, if I could go back an hour or two hours, I probably would have had the
base brand say, hey, we're about to launch a coin and then we're gonna launch another coin. And if
you look at my Twitter account over the last month, all I've been saying is exactly
that. And so I think there was a little bit of a, you know, I was thinking, okay, the Jesse
account is blasting this message again and again and again. And, you know, probably could have
amplified that a little bit more from base. So appreciate the feedback and we're going to keep
iterating, keep learning and keep building. In in my opinion just based off of what you've been saying what jeremy's saying i'm a little in disbelief i'm not gonna lie
this definitely looks like a desperate attempt to like steal capturing meme coins from solana in a
way i think zora did from the beginning but when it comes to uh this move today like super desperate attempt like to to
fuck people for a ton of money very quickly and say it's you know a meme on chain it's content
on chain is a little a little ridiculous i want to quickly say that raj and toli have launched
meme coins i mean i don't remember if everyone remembers the time dump fun thing situation but
they have definitely launched their own meme coins before so i know jeremy was saying that they haven't but they definitely have out of nowhere
time.farm and they've also shielded a bunch of tickers in the past as well so it's not just
they've supported a lot of creators on soul for sure and base have a base have as well
so i'm not going to say that it's just base not doing this you know a lot of blockchains and torusly known for for for launching coins hey jesse can i ask you a question real
quick uh just just real quick let him let him answer everything that he just says hey oh guys
i want to raise your hand or you're going to get thrown off i don't care who you are go i want to
make sure i hit i'm hitting the raised hands and i think we're gonna do sugar and then quigs after that um and i gotta go in about five minutes um but books hey i i hear the feedback um and you
know like like i said you know sometimes you have to go through a little bit of controversy to get
to the creativity on the other side and um you know i shared this earlier this week i'm a big
a big fan of of what uh pump has been. I think there's a ton of creativity happening there.
And I think we should have more creativity on chain.
And so it's my job as a builder to figure out
how do we take the best of that, and how do we iterate and learn,
and how do we give people more and more tools.
And so not always going to be perfect,
but always going to try our best and always
going to learn from, but always going to try our best and always going to learn from kind of every opportunity.
Sugar?
Hey, Jesse.
Thanks for coming to answer some questions.
I'm sure nobody took it for granted.
I mean, a few good points have been made and they've touched on the few questions I wanted to ask about the main thing.
But one thing I'd like to clarify is that, yes, Solana did support a lot of tokens and 99% of them were rugs.
But the thing is, they never really deployed one on PAMFUN, trying to, you know, boost the on-chain activity or stuff like that.
So my question would be, why, instead of trying to max extract value and, like, correct people that just breached over from Solana or wherever. Don't you try to create value?
And the only way creating value in crypto is through making people money, you know.
And if they keep getting burned on like those soft deployments from the base team,
sharing from the main account and all this kind of stuff,
it just leads them to associate base with scams.
Like you have plenty of projects that have been on the chain for forever
that haven't really gotten much Bayes' attention,
that they're creating content, are doing charity work.
Look at Brett, for example.
Water Wealth in Africa, content every day,
the best videos, organizing events.
At every big crypto conference, there's one now at Token49,
they were at Singapore, they were at Hong Kong.
Those guys are not listed.
And meanwhile, the base team is launching
seemingly rugs every day. This guy's this content, which just feels wrong to the community.
You know, there's people that actually bridge over their last money to base to ape this stuff and they're kind of misled.
Well, there's projects that have been on base for over a year that don't get the attention I feel they deserve.
Don't you think you should support
existing creators more?
Thanks for asking the question and thanks for the feedback.
You know,
if I think about what my number one job
is, it is to lift up
the builders on base.
And, you know, Brett
and so many other memes on base
have been incredible leaders
over the last while in doing
that. And if, if folks haven't seen, I actually, I gave a talk about a year and a half ago about
memes on base. And it's in, it's on Zora. You can, you can actually coin it if you want. I don't
know how to add it, but books, I'm going to send it to you in your, I just DM'd it to you. So maybe
you can drop it in there if folks want to read it,
but it's about five minute talk. You can see how I think about memes. And generally my perspective,
and this is like memes content, same thing is that memes are how we're going to bring people
on chain. And so I really want to lift up, celebrate all of the incredible work that
memes have been doing on base. And, you know, if you look at the base Twitter handle, you actually
see that like every day we're, we're tweeting a meme, sharing some creativity that they did and helping them
get a little bit more visibility so that more people can get exposure to them and participate
in that community. Now, just bringing it back to base, I guess I just want to be clear as well.
Like we're going to keep using these tools. I'm going to create coining content. Base is going
to keep coining content and folks should engage as they want to engage. If you want to participate, that's great.
Everyone should try signing up for Zora. You can buy five cents of something just because you think
it's cool or fun, or you can trade it because you think it's going to be more valuable because it's
going to get more attention. I think that this is a really positive step forward. And I hope that
folks on this call, give it a try and see what's
happened. And in the time we've been talking, I think the basis for everyone, it's gone up in
price. And so things are going to go down, things are going to go up as the market tries to find
the value in all of this content. And what we're going to keep doing is we're going to keep bringing
creativity on chain. We're going to keep supporting creators to bring their creativity on chain.
And hopefully we're going to create a little bit of safety so that everybody can participate.
That's the number one priority. And so I got to drop in two minutes. I'm going to take two more
questions. I think it was Quigs. And then I think Necco was the other person who had that question.
Yeah, I'll be real brief, guys.
If you don't know, I'm a huge base Maxie.
I've been over here for a while.
I know a lot of you from the Ethan Solana days.
But I've been cooking over here for the last year and a half.
Huge supporter.
My question is, and I want to talk more about this later tonight, but my quick question for you is, what can we do with the Zora platform,
with those devs, with that team to protect these launches? Because look, one thing people need
to understand is this is not about like a pump on meme coin to me. It's more about creating content,
letting people participate,
letting, letting creators, you know, get, you know, get a little bit of, uh, you know,
fees and kind of kickback from their content. They're not really designed to be launched like a token, like we see on some of these other platforms, other chains. Like it, I don't think
it was meant for this thing to do what it did today. And I'm just speaking from my own perspective.
What can we do? Is there some way we can do some sniper like protection like like instead of maybe you know letting somebody come in and buy thousands
of dollars worth of token right off the bat you know maybe it's limited uh buys for the first
day or something like that because that's what i think a lot of people are reacting to jesse is
that you know people saw this token was being quote launched from the base team and they instantly
aped in and we wanted to
see that on we want to see you guys come over and participate in what we're building on base
we also want to make sure you know it's trust you know you can trust it and it's something safe that
you can participate in so is there anything that we can do uh to protect folks yeah 100 and this
is what kind of goes back to what i was saying earlier which is i think the way we solve these
problems with technology and iteration on the products and we've actually been doing that the market structure that's used on zora right now
is different than the one that it was used a month ago and one of the things that um that kind of got
upgraded for is to reduce the ability for snipers to kind of get those early buys now obviously
that's not perfect and in this case you know someone bought i think like 10 of the token up
front when it was early um and there's more work that we need to do there. And so I think what my
perspective is on this is all of these are great opportunities to learn. We're going to keep
learning. We're going to keep making the technology better. And then we're going to keep
investing in bringing creators, keep investing in bringing content on chain.
Last question. And then I got to drop Necco.
I mean, Twigly pretty much asked that question, you know, because I'm getting a lot of DMs and
it's, you know, how does someone, how is somebody protected with this content?
Seeing that the token did drop 99% in a matter of seconds. You know, nobody's asked that question. And I'm not sure if your team or anybody has looked into exactly what happened, because
I would think they would want to look into something like that to prevent it from happening
again in the future.
If somebody...
What happened was they launched a second coin, bro.
And that's what's so ridiculous about all this.
And what no one's said is like, Jesse, like I've been building on base. Sorry to interrupt you, Nico. I'm just going to build on
top of what you said. So hopefully that's fine. Cause I want to say this before Jesse leaves,
Jesse, I've been building an AI infrastructure play for about three months. I've been working
with a lot of the base team, like partnerships guys and everything. It's been a great experience,
but we just cut our partnership just now after this, left the group chats.
It basically just feels like three months of wasted time.
Because how can we feel safe or want to build on a chain that is so naive to do something as stupid as you guys just did?
I mean, you have to understand, like, launching a coin like this with no context, just, oh, it's coin, boom, tweet, no no context and then you reply to it and there's
all this engagement it's thinking like regardless of how much money i'm personally down on it it's
not even the it's not even why i'm up here it's more so like how did you guys not think like
this would happen like you waited an hour to then do the the the farcaster one like it just seems
so naive like and and from coinbase team especially it's like how how could it just seems so naive. Like, and from Coinbase team especially,
it's like, how could you guys be so naive with that?
And I haven't really heard you take any accountability for that,
which WPR training, but like, it's really ridiculous.
And like, I'm more blown about the fact that I wasted three months
trying to build on this chain.
And now there's just no trust.
Like, how can anyone trust a team that is so naive
to do something like this i mean you guys just vaporized 15 million dollars at least well hey
adam thanks for thanks for sharing and uh thanks for building on base um well not anymore that's
the point we're excited about continuing to build with you um but also if you if you say hey i want
to go build something jesse are you even listening to them?
It's not naive.
It's negligent.
Jesse, what you did today was negligent.
We've been in DMs.
I've been in DMs with Jesse and his global head of business development now for weeks
talking about marketing, talking about how to get KOL culture ethically onto base.
You launched a token with no plan we talked about this jesse this is
why i don't want to work with you is because i said this repeatedly you don't have a plan you
have no structure you just do things you just do things bro it's so disappointing I can appreciate Your expression
But let Jesse answer
Because I know he has to leave in a second
So I don't want to take away from anything
Jesse I'd like to say something
I gotta drop
I gotta drop
I just want to share
That I'm grateful for everyone
Showing up here and listening and
participating.
Jesse, how can people want to build on base after you're being so naive, bro?
I just wasted three months of my life working.
If you have more feedback, feel free to DM me.
You can find me on Twitter.
You can find me on Instagram.
You can find me on Telegram.
And we're going to keep building.
We're going to keep creating.
We're going to keep pushing. We're going to keep creating. We're going to keep
pushing boundaries and getting uncomfortable at times. And we're going to keep creating space for
people to experiment because at the end of the day, we think it's really important that
experimentation is allowed. It's celebrated and it's something that we can all learn from.
And so again, just a huge thank you for everyone for tuning in.
Thanks for building on base for those who are doing it.
Keep building and stay base.
Thanks, y'all.
Thank you for your time, Jesse.
Thank you for your time.
We really appreciate it.
What a fucking retard.
Experiments on your own fucking dime, not on everybody else's, right? Yo, this guy just talked in circles on a recorded space
for a fucking hour.
That guy works at Coinbase and gets paid a fat
fucking salary. I mean, what a fucking
disgrace to anyone who is building on business.
The SEC just dropped their case.
Books, I was in
a DM with him
and his head of global business development now
for the past month plus
talking about working with them
to actually bring
ethical marketing and
support to their projects that
are deserving of them for the builders and
artists that decide to create on base
and he
he just
just damaged
and and yeah we're losing you brother He just damaged and hurt.
Yeah, we're losing you, Adon.
Yeah, we're losing you, brother.
He answered all of it with two hours.
It's negligence. He doesn't.
Hey, Anon.
He's saying a lot of good stuff, too. Yeah, I bet you he hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, hey, to work with bait i think these guys are very very old school when it comes to doing any activations partnerships these guys are years far behind but but their partnerships team isn't even
bad bro like i've been working with them for three months it's like really not bad and like these
guys it's a shame really for people like brian armstrong and for the people who do work at base
and who are actually very talented at what they do to have to work with people like that like the fact that that guy has final say on anything is ridiculous and if he's who's in charge of everything that
happened today jesse should get fucking fired bro like it's actually the most naive shit i've ever
seen since donald trump dropping a fucking meme coin like it's it's it's ridiculous because if
they're saying oh we're gonna be coining things like this all the time they they should have went one, two, three, bam, ripped all of them out.
One, two, three.
Then everyone would have known the fact that they let that shit cook with no context.
Jesse didn't make a tweet.
Base didn't make a tweet.
The fact that they let that shit cook for however long, an hour before then doing the next one.
Then they're like, ha ha, look, we're just coining everything.
It's like they literally Melania'd us, but like almost worse. Like it's the most naive shit I've seen from a big platform, especially like, bro, that's fucking Coinbase that just did that.
It's naive.
It's negligent.
It's like it.
And I don't know.
Just the fact that you didn't even answer anything is just even that makes it worse.
It's like, what else?
It's ridiculous.
Insane.
It's an act of desperation right like i feel like
we get to a point where it's like are they not reading the space like we're in a super meme
coin season right now and it's like everyone's gonna buy everything when they get the opportunity
to do so right so i feel like when he was saying stuff like oh well we've launched already 17 of
these yeah but they weren't launched
when fucking meme coins were flying off the fucking shelf.
You know what I mean?
Like everyone is going to take advantage of this right now.
And I feel like you didn't read the room in that aspect.
And you just dropped this thinking.
No, it worked.
He was warned.
He was literally like,
I spent weeks talking to them about the proactivity and the reassurances that are necessary in order to protect if they wanted to coin things.
You need to lock more liquidity.
They're talking to so many different people, bro.
You need to lock more liquidity.
They're talking to three other people, five other people.
Hear me out, though.
You need to lock more liquidity, right?
You need to make sure you have aligned marketing, ready to go, coordinated.
We see it happen on other chains.
He's not clueless.
He's arrogant.
Like, and that's my big, that's why I'm so emotional right now is because he just, like Adam said, great PR training.
He just yeses everyone to death.
everyone to death, keep building on base. He doesn't listen to anyone. Like it is so frustrating
Keep building on base.
He doesn't listen to anyone.
that I nearly put my reputation on the line to work exclusively with base to support their
projects, to support their builders, to support their artists. And I had my doubts because he
said, we want to tokenize everything. And I was like, okay, if you want to bring coins to the
fucking world and mainstream them, and that being a tool for marketing, for commerce, for bringing attention to projects, whatever it is, you have to protect them.
And instead, not only did he rug everyone today, but he rugs every fucking project that already exists on base.
Because the optics of building on base now like adam just
said that's why he cut his contract you would have to be a fool to trust the reputation of the entire
l2 right now that it is going to protect you that they're not going to continue to pull fucking
publicity stunts like this that damage everything that already exists there and then take no
accountability for it exactly and then take no accountability for it exactly and then
take no accountability guys i'm going a conspiracy route here every time meme coins start to pump
again every time we have a little bit of motion every time things are getting off a pump fund
somebody that has a name comes out here and extracts us, everybody falls into the trap.
We start bitching about it.
We start talking about it.
We start blaming everybody else except ourselves about it.
And then we go back to doing what the fuck we were doing, just like it never even happened.
Because nobody's talking about Melania.
Nobody's talking about Dave Portnoy anymore or President Trump or any of those people.
So I'm going to be honest with you. We can talk about this until our fucking faces turn blue and Bitcoin reaches a
fucking million dollars, but it's going to keep happening. Every time we start winning, they want
to see us lose and they're going to do something to make sure that it happens. I mean, this is a well
thought out plan because you have to understand Coinbase is a publicly traded company. Jesse
might be a dumb fuck, but he's got people around him. I mean, it's, it's just, you know, mass
extraction after mass extraction.
And then the people that we know that show up every single day in this space that are grinding, that are building, that are doing shit, that are on spaces or in telegrams and discords.
And they don't fucking sleep when they do something.
We don't fucking support those people.
We want to support the influencers that come into
this space so to be honest with you we deserve what the fuck is happening to us because we let
this shit happen to us i'm gonna be real with you do i think that jesse's dumb fuck no i think he's
smart i think he plays that he's stupid on here i think it's an act of desperation you know i think
everyone sees pump fun making mad money off of fees,
everybody using Sol, everybody using PumpFun for MemeCoins,
and now Base is scrambling.
You got CZ and Binance.
They're scrambling.
Everyone wants a piece of the market share
and wants to be the MemeCoin superhero,
and I think that they did this to capture an attention
in a way where they could flip it into something good,
and obviously it flipped over on their fucking face
and fucked them up, and now they're in a whole heap of shit.
So, I don't know, man.
My only concern is just that this was their marketing plan.
Like, it's clearly a meme coin.
Like, basis for everything.
Like, that couldn't get more mean
coin-esque you know what i mean it's like this is not content my brother like i could fucking
sell a solana's everything and post it on the fucking pump phone and send it to whatever market
cap i want to you know what i mean it's like you you you say this is for content but i don't see
any content so this is this is the content this is the content, but I don't see any content. This is the content, right?
Everyone's shitting on them all over the timeline.
There's a space that says, did base rug everyone?
And I don't think that that's the content that they might have wanted, right?
Think about that.
I mean, memetically, it makes sense.
The base is for everyone.
It's not a bad tagline, and it is something that can apply universally.
But it's not.
And this is to Book's point.
I don't think it's impulsivity.
It really feels like it's a combination of arrogance and just a complete disregard for how to actually protect the people that are willing to invest or collect or whatever
you want to call it into the things that you are producing. And I talked to him about this at length
because he's told me this philosophy of, you know, you want more coins, Zora, you can put five cents
in. And I said, okay, if that's the case, you have to have these checks and balances in place that will prevent
it from being exploited.
He doesn't care.
And I bet you someone made a lot of money today.
And I'm not going to start, you know, being conspiratorial as to who, but to what benefit
was there if there wasn't someone that was getting paid off?
You know what I mean?
Like, it's just, you can do things the right way and you can be sustainable and you paid off you know what i mean like it's just you can do things the right
way and you can be sustainable and you can you know 50 percent of this coin is snipped bro and
they all are the top traders on the coin so it's just like i don't know like it's just
and who even cares about that like bro i just like i got so many dms from talking on this
shit's insane and like half of them are like i've been building on base for eight months stop crying
i've been building on base for a year it's like yeah dude like i'm
not fucking victim shaming up here i'm saying like everyone who's building on base should be
blown right now bro like don't defend this like coinbase is listed more binance tokens and it's
listed base tokens so what are we even talking about people are building on base bro but they don't have that
opportunity listen if you build on bnb i'll tell you one thing bnb chain will have you on their
spaces every single night cz's interacting with you guys trying to get you listed all sorts of
and i don't even trade on bnb but i see it because i'm in this space every day and i show up just
like everybody else that's up here on this space, right?
They don't participate. They do their own
shit. They got their own people that they
launch, that they're a part of
and their own crews and stuff like that.
I mean, here, at the end of the day,
once again, it goes back to
I mean, here, Baze doesn't give
a fuck, bro. Jesse doesn't give a fuck.
He's smart, but he's fucking retarded.
It goes beyond that, though.
So Pointbase and Baze say that they're for everyone, everyone right but you know what should have been the wake-up call
venice when venice and eric vorhees happened and it got a day one listing versus projects
that had been working for months on end in ai in memes in whatever the else doing things
and they don't get any level of recognition and then venice comes out
completely you know like front runs their own product and you know everyone has uh stories
about how they got rugged or how you know um the top traders whatever right but that's what they
cater to they can they say one, but their actions speak otherwise.
And so I'm telling you definitively,
I will not be supporting BASE moving forward.
BASE are acting old school for months now,
but if you look even at the listed pairs
for the last 90 days,
and it's not just because of market conditions,
there hasn't been one single pair in the green.
Yes, they're saying they're growing,
but hell, the whole market is growing.
And these guys, they're very, very old school,
like Web2 corporate type shit.
And because of that, whenever they will launch launch something it will be the copper way so that's going to be insider it's going to be teams that they work with there is no
partner launch pads because it doesn't exist because whenever it goes high up in partnerships
it just gets dismissed so either you web2vc and you can work with them or it's just never going
to go through and i know hundreds of projects that are never going to get based it's not because
they're not worthy but because you can't build on base.
They only care they tell you when you speak to them. Yes, we want to onboard the users. We want
to have a better user acquisition, but they haven't done one thing that is within the market.
And when they do this, this is desperate. There is zero responsibility. And when you look at it
and he's saying we're up in price, we're doing things well, it doesn't reflect the way they
build. If you ask me a billion, and it's not a billion, it's going to be a trillion, soon trillion dollar industry.
These guys, they have more than enough budget to roll something out like this,
and not say that this was their whole marketing effort. It's like, fuck, who the fuck deploys a
token for a marketing or for our chain to grow users? That's never the case. And he's just here
like throwing away questions. I think it's just irresponsible instead of saying yes we made a mistake we'll fix it we'll open up we'll open up
a public forum uh it's a good time for awareness just none of that you know you said it correctly
the ethos is hollow they don't follow through on their ethos at all their ethos is intentionally to
separate themselves from the reputation or the culture of solana but if anything they're worse
yeah i i just don't get like for for jesse to be so pr trained and then launch another meme
coin an hour later like it doesn't my brain doesn't function there like it's just like trump
and melania yeah but it wasn't an hour later obviously Where's the disconnect like is he
Not understanding of the space like
Trump's team might not have been
Understanding of the space that you can't do stuff like
That right obviously it was two separate
Teams it was Hayden Davis that
Launched the fucking
He might be giving them advice now
They might be following that playbook you know we don't know
That yeah but it was terrible
Advice either way to Go and drop a second one straight after.
I just feel like for someone that's so in the space every single day to go and drop the second one and not understand the attention of the space, it's like I don't get it.
My brain doesn't function when it comes to that.
Desperation, bro.
First one pumped so fast.
Oh my God, let's do the other one.
And boom, fell flat on their face.
That was desperation at its finest, yo.
It's like, oh, well, it's content.
So we don't actually care about price action.
Like, what?
Content is the funniest thing.
It's not marketing.
Fuck that.
They say this is a marketing move. That's the crazy the worst marketing move if that's the case and then like
it's almost like they try to like throw the idea that price action doesn't matter like
this is the biggest part about making a coin like are you fucking oblivious to the fact that if you make a coin it goes up and down in price like
and and if it goes down 90 in price within the first 15 minutes and and then you launch another
coin like do you not understand what's going to happen to the price of the first token that you
just launched like i i don't it doesn't click with me that they didn't understand this it
it's it's he ignores financialization either he conveniently ignores it or like i said he's
malicious um because like you just said like that's how this whole space operates is off of
financialization things go up and down but if you dilute your own fucking ethos then of course you know
everything is going to suffer and like i said this isn't just about today you have people that
have been building on base for over a year you know almost two years whatever it is he did a
disservice to all of them that's where i'm most upset i don't care if someone got rugged on
today's coin buyer beware that's your own fault for trusting base and zora and jesse today and
thinking that that was you know going to be your get rich quick opportunity it's for people like
fucking adam and others that have been doing this for a while now trusting the ecosystem was going
to come together that it was going to have its breakthrough moment this just set them back over six months plus if not all together i just got i've just i've just brought up a base maxi
uh nabu himself he seems to be a base maxi reading from his bio uh nabu what are you feeling
oh i'm i'm a super duper base maxi first of of all, hi to everyone. I came up to take some punches.
But the thing is, you guys just focused on basing right now
because they tweeted.
Two weeks back, it was another token, public.
Jesse was tweeting it back to back, back to back.
He was like pushing it so hard.
And the token price was going down.
You know why?
Because the approach he has towards zora
is different it's like this that a content should be coined that the nft meta is over people love
coins so when you can coin your content in zora in seconds it's a very powerful tool and now they're
doing coin contents so when you're launching a meme point, your new content, your community, when
they're doing it, they can connect it to the same liquidity pool. So anybody that connects to the
content, they can buy it. So the reason that Jesse is doing this, it was so funny that somebody on
the panel said that Jesse is dumb. Sorry, man, but the only dumb guy is you. He's not even close to
dumb. This is what? Let dumb. Never. This is what?
This is what?
Let me explain this.
This is what?
He wants to change the approach that people have toward coins,
like changing it from speculation to what they connect with,
what they like, what they want to support.
But the thing is that Zora is missing any structure to avoid snipers. So when you know the tweet is coming from a known person on base, if you jump in and buy. I have content on Zora that reached 10,000 market cap
with one photo that I was tweeting out with my GM. So this is the approach is different. You
guys just saw a token. Everybody, I was laughing my ass out. All these alpha callers were saying,
Base, launch a token.
Check the Zora account.
Base has a Zora account with more than,
I think more than 12 or 15 posts over there.
This one clicked because all the alpha callers
were sharing in their group.
Base launched the token.
No, it didn't.
It was another content like other contents on base account well zora
is this point sorry books zora is base zora is base and base doesn't count on zora yeah
zora is a base project that everybody can have a social account just like any other social platform
with one big difference as soon as you upload your content, whether it's photo, whether it's video,
it will turn into a coin
with a liquidity pool.
We don't need it. It's like
unneeded in the space. But again, it's a desperate
move at PumpFun. It's a desperate move
at trying to take mean coins and
pretend you're doing it for the culture.
Listen, listen, listen.
Do you think anyone here in Europe is for at least
90% of people?
That's the part.
That's the part that has the flaw.
It needed more education, more talking,
that this is the approach that Zorro is taking.
Maybe if I was Jesse, I would have done it in a slower way.
Talk more about it.
Tell people more about it.
But actually, if you check his timeline,
he has done a lot, like thousands of tweets,
that dumb coins, smart coins. These are smart coins. tweets that dumb coins smart coins these are smart
coins these are dumb coins don't go for speculation go for long run go for other stuff
listen listen listen listen i i think a lot of people don't and i think you don't realize
the difference between nfts and when we talk about nfts specifically in this situation
especially when it comes to base
and doing stuff like that it normally comes in the form of open editions right and open editions have
nothing to do with price action where everyone knows the main specific reason that people buy
meme coins is price action right to make no no no no No, no, no, no, no, meep, meep, meep. You're missing the point.
Because every reason that people were buying memes,
because it was only maybe either a very small percentage of people were vibing with the community.
But let's be honest, 99% go for the speculation
of taking profits.
But this isn't Zora.
Zora is different.
Because first of all, when you're buying meme points,
you don't know who the fuck has created that coin.
You're just jumping in on it.
But when it's Zora, it's connected to the social account
of the person that you know who you're buying.
So it's a total different story.
Which makes that even more speculative.
How can you not understand that?
If Jesse Pollock launched a coin,
people would want to send that to the moon
because they can take profits.
Like, bro, have you not seen like
yeah if you don't understand what the meme coin space is right now like people we've got all the
projects in the world solana phantom magic eden all posting furry logos and people are making
meme coins off this to make a bunch of money like i i feel like a lot of people are not understanding the narrative of what meme coins do to people.
This is not a meme meme.
This is content being coined.
It's a different approach.
That's what I'm trying to explain.
Oh, man.
Now do I consider myself?
I know.
It's even worse.
So, yo, my hand, my best is it.
This is exactly the question that I want to ask.
This is exactly the question that I want to ask.
I want to ask a question to the gentleman.
I want to ask a question to the gentleman, to the gentleman, right?
To the gentleman, right?
Because the content on chain thing, like, are we just redefining what the same thing is?
Like, what is different about it?
Like, honestly, explain to me what is different between launching a token on Pumfun and launching something on Zora?
What is the actual difference?
Besides the language you're using.
When you go on Pumfun, anybody can coin anything without you knowing who did it.
That's the first thing.
So I can't make a profile and use an Anon Twitter account and create something on Zora?
Who will buy it? Nobody will buy it.
Nabu, this doesn't sound like a revolutionary tech.
That's what I'm saying.
Why should anybody buy a token on Zora connected to a nobody's account?
I mean, you can connect a
Twitter account. Hold on, hold on, hold on. You can connect a Twitter account to PumpFun and go
verify whether it's legit or not. It's the same thing. So you're saying they've added an extra,
hey, motherfucker, I'm talking. You're saying they added an extra step, right? I mean, you
could sound like an idiot. I just want, we can get to the bottom of it. But you're saying they've
added an extra step, which is like, instead of just connecting an existing x account or telegram or website i can make a profile on their account
which is just an additional social media step that i have to do and that's the difference right and
that still doesn't answer my question i'm trying to say what is the difference other than
making an account on their platform makes this different than launching a token on pump one
versus the phrase that you guys are using which is content on chain
Help me understand. I'm sounding stupid. Well, you say he's everyone's stupid. You sound stupid mate
The difference is
The difference is in the you if you are all of that together with the approach together all of it is a package
No, no together all of it is a package No No Thank you for your opinion today, bro. Have a good one. Appreciate you. Yeah, the end product. Good luck to base
Let's listen. Yeah, but can we disagree like that?
At this point, you know, can we disagree that that was absolutely the dumbest shit I've ever heard
People on stage I want to go to.
All right, we're going to go to Medved first.
What's good, my friend?
Hey, how's it going, guys?
Yo, it's pretty interesting, like, you know, listening to this whole debate and seeing it
all because, you know, it's funny, you know, Jesse spoke to this belief that, like, all
content should live on chain.
And that's actually, like, something I believe believe as well but in a very different way like you know you know i i don't believe all content should leave as fungible tokens that
can be speculated on especially in like a very volatile like meme coin environment you know we
we have this thing called nfts for like a reason and you know it's an interesting it's interesting
for me because um you know at now media with n NFT now like we actually we have a sovereignty is like is our like in-house thing content tool suite
for minting on chain media and it's actually deployed on base and so it was
definitely had mixed feelings like seeing this all kind of go down the way
that it did because you know this mission of like all content on chain
that fundamentally a philosophy is something I align with but like you know
you go to nftnow.com all of our articles are minted on chain, fundamentally, like, philosophically, that's something I align with. But, like, you know, you go to NFTnow.com,
all of our articles are minted on chain,
minted on base,
but they're NFTs
and they're not available for sale, largely.
You know, it's about proof of provenance.
It's about, you know,
that the content trail
and being able to, like,
authenticate that content.
Obviously, like, you can,
you can, like, enable those
to be, like, an open edition
if there's a collectible element there,
but that's not, like, that's not the main thing. And so, like, we were really careful We can enable those to be an open edition if there's a collectible element there, but
that's not the main thing.
We were really careful in how we deployed that to avoid any sort of crazy speculative
fallout around that.
I just think knowing the landscape with meme coins and the way that they are, that team
had to know. Jesse's too savvy, he's too plugged into the space to not know that it would kind of go
down that way, right?
We saw it happen with Trump and Melania, et cetera.
And maybe in his mind he's like, well, that's just like, he's justifying it by being like,
look, that happens after the second coin.
After 100 coins, people will get, it'll normalize it and this is a new paradigm he believes in but i still just don't think like fungible tokens
are the best way to like to bring content on chain so that's just my opinion wanted
to share it now i think your uh opinions you know i think it's the the the best scenario
opinion right it's like they have so many opportunities not to make this a situation where it's about
price action right and and really uh uh you know sort of chisel down on what it means to be a
builder on base they have the opportunity to do something like that that's why when i speak about
open editions right they open editions and you just mentioned that all of yours are basically
open editions the price action is not a thing right and and i don't think that they realize that when you make
something into a a fungible token it is it's a speculation a speculative asset which is very
known for people to make money on right buy sell buy, sell. And I think when you label this as something as content,
I think you're just masking it up to what it actually is, is a fucking meme coin where people
are making money off it, right? And when it drops down 90% because someone sniped 30% of the token,
you're putting yourself in a bad spot, especially when you're fucking promoting it on the actual
base account.
It's just, it's beyond me that they did this.
And then one hour later, they decide to make another one.
It's just, how are they even getting away with this?
Well, I mean, they're not.
They're being flamed all over Twitter right now.
So they're definitely getting their cakes worth today, it seems.
But good on you for doing what you do good on you
for you for not fucking making your assets uh for sale in that sense and trying to monetize off that
there's no need to there's no need to not all things need to be for profit not all things need
to be on the market or you know i was about to say exactly on
this not everything needs to be tokenized and i think that's the biggest misconception in this
space people think that in order to provide value something has to be tokenized and this applies
everywhere if you look at dexas for example these guys they said oh yeah we'll do an airdrop we'll
do this we'll do that but what ended up happening is these platforms, they say, okay, we're not going to charge for using us, but we're going to charge a 1% fee.
Now, over time, if you ask me, the tech, for example, that Bullock says, it's not worth 500
mil. It's tech that could be built for 100K. If we look at Photon, if we look at all of these,
all the big innovators, these guys have bank, I mean, I'd say it's just, it's literally a cartel
in the way that they operate. And when you look at base doing something that's supposed to be for growth metrics,
you just wouldn't expect them to drop something that's not just a gimmick
and doesn't bring really any value,
but it's also on a tokenizing and a fee revenue model.
So it's just everything against what is bad in this market.
And there's so many ways that you could build a product that is risk-free.
Yo, meme coins used to last two years, then two months, now two minutes.
They skipped, like, two hours,
two days, two weeks, two minutes.
There's just no market for it if we tokenize everything.
Who the fuck is gonna buy if there's 1,000 launches every second?
Yo, Jeff, he probably
launched a coin and it went to 15 million
and fucking...
He got no motion.
What did you say, Koma?
We keep saying, like, we keep saying it doesn't, we don't have to tokenize everything.
What does it even mean to tokenize a tweet?
I mean, if you buy 51% of it, can you delete the tweet?
Do you control the tweet?
Is it yours?
What is it?
How is it?
How is it even tokenized?
It's a scam, bro.
It's a scam bro it's a scam
bro americans we're in an era yo we are in an era where if kim kardashian shits in a jar
and says if you rub this shit on your face you're gonna get beautiful it's gonna sell out because
women all over the world they're gonna buy it right same thing on here like you get some guy
looking like sam bankman freed that comes up here talking in circles for two hours and then sells you something.
You're all going to buy it thinking you're going to get rich.
And this guy's a genius and he's going to take us to Valhalla with some dumb shit like that.
Just really think about that.
Yo, meme coins are fine the way they are.
the way they are they were fine before pump fun right pump fun came through fucked them up just
They were fine before PumpFun, right?
like blur and bend down and all them uh those protocols that launched and fucked nfts up
now they all want a piece of it yo this shit is going from really being for the culture and for
the people to being for the dirty grimy corporations that we escaped in the real world to come to crypto
and find that fucking big break
in life that we were looking for.
We got these people coming and saying
they're doing things for the culture.
No, they're doing things for their bags
and they're taking everything that we've got.
They're like slowly taking it away from us, man.
I think this space helped, folks,
because the market cap ended up.
This space didn't help. I'm gonna be
honest, bro. I let people speak and come up and
ask their dumbass questions. I was gonna cook them,
yo. I was slowly, like, respectfully
fucking warming up for the cook
and then a bunch of retards came up, raised
their hands and let out all
them just to hear themselves speak, all their
dumbass questions. And I did it.
I'm like, you know what, man? I'm gonna look like some
gatekeeper. Let these motherfuckers that only show up when there's some clout to be earned
come up on this stage and do whatever the fuck they want so they don't say oh books don't let
no one speak i would have put them on a reported they would have came back to this space for a
hundred years yo listening to that man hang himself can i ask a question before i go yeah sure
uh have has has anyone uh on this panel used zora before no no i ain't using that shit bro
so that's that's the point i just wanted to ask this what the fuck okay thank you okay see ya um
i just want to say quickly toli has just made a comment on the situation saying,
I would launch a stupid coin if Dean M. Little, I think that's one of the people that work within the Solana,
said built a sniper-resistant batch-aggregated first bid AMA with Jaxio sandwich protection for launching coins.
But it's weird because he's
launched coins anyway, so I don't know why he's
fucking telling people that he hasn't launched coins before
very strange
but it's funny that
what's his face, Tully's having a
comment on this situation
but let's go to the hands quickly though, we've got
Anon and then we'll go to Matt
let's go
appreciate it, alright, so as I'd mentioned I've been in a group chat with Jesse and Zen We've got Anon and then we'll go to Matt. Let's go. Appreciate it. All right.
So as I'd mentioned, I've been in a group chat with Jesse and Zen,
who's head of global business development.
I guess he's fairly new there for a handful of weeks.
And we've been just saying, you know, fungible token philosophy.
And I actually took a video, thankfully,
because I was sharing it with a dev who actually has, not a base dev, another dev, who has a really interesting perspective on blocking the majority of liquidity on fungible tokens in order to prevent people from getting wrecked and having less volatility.
And, you know, someone from compromising the supply.
So I have this video here.
I'm going to go back. And I just want to share a couple pieces of it as far as what was said
in the conversation.
All right.
So I said in regards to DRB, Debt Relief Bot, which was a banker spinoff, basically Grok
is in control of a wallet that it can't access it
can't do anything with it but they pretend that it can and they're getting all these celebrities
on board and trying to pump their bags off of you know this grok ai narrative with being able to uh
you know trade and that it can do all this stuff that bankers banker innovation banker's the cool
innovation i don't hold it.
I'm not shilling.
I'm just letting you know that that's legitimate.
And I argued that DRB is a publicity stunt.
And he didn't really have much of a response to that.
But I said, it just has me a bit frustrated, admittedly, because I don't see either of
these being sustainable once the novelty wears off.
And that's what I want to focus more attention towards. Sustainable innovation and solutions.
He goes on to say,
you know, we're celebrating the composability plus AI.
A million other coins flourishing
as more communities and content come on chain.
I'm just, as my video goes through the progressions,
I'm saying the things that I'm seeing.
I said, I'm just concerned that when coins inevitably go down
because they're not creating solutions or empowering anyone that people then rear their
ugly heads and place blame and get upset. Hmm. Sound familiar to what's happening today? I said,
saw it far too often on Solana and I want base to have a very different reputation. Keep in mind,
this is when I'm going, uh, you know, to bat for them saying like,
hey, maybe we can work together.
Let's figure out a position.
They offered me a couple options.
I said, I'll think about it because I, quite frankly,
I didn't trust them and their ethos.
So he goes on to say, yep, I hear that fear.
For what it's worth, my take is that we get there by pushing towards coin abundance
by thousand,
10,000 X in the number of coins and in parallel resetting the norms around
them versus gatekeeping or trying to control the number.
He said,
this is why you see me so aggressively norming that creating coins on Zora
is okay because I think that with more coins we'll actually get way better
outcomes because the market will self-regulate.
My response to that,
just a moment.
That comment itself is so fucking retarded.
I know.
Yeah, that's the most ignorant comment I've heard
out of somebody who's supposed to be a builder.
So here's his three points.
He said,
build technology that reinforces that value, Three points. He said create.
Build technology that reinforces that value.
Clanker, Zora, doing rev share back to creators to encourage holding, no dumping. That actually is valid.
I'll give him that.
But you have to still have the checks and balance in place to promote that and to market that effectively.
still have the checks and balances in place to promote that and to market that effectively.
And he said, and unlock as much creativity as possible and keep iterating on the values
technology until we get the positive sum outcomes we want, which clearly has no fucking
definitive timeline.
So I said back, I see where your head is at.
My only counter would be that having seen previous models of this with NFTs, both within
the individual project and then the greater overarching technology that yes if a constructive ethos is encouraged and what is
supported then that is valid and could be recognized for what it is however freedom to
transact would dictate that anyone can continue to create regardless of their intentions and that's
where i worry about the risk of saturation and dilution and ultimately skewing the perception
of value this is me basically saying hey you have a bunch of saturation and dilution and ultimately skewing the perception of value.
This is me basically saying, hey, you have a bunch of creators and builders already,
and the more shit that gets launched around them that doesn't go anywhere, rugs, or is not sustainable,
it hurts all of them.
Met with deaf ears, essentially.
I'm almost done.
I said it's a moral dilemma for me, because while I agree with you that anyone should be enabled and empowered to tokenize, if the majority of said output is not sustainable, then how will that ultimately hinder the ones that are trying to be?
Last part.
I said, let's see here.
Most people in crypto have completely lost faith in the sustainability and ethos of NFTs, which we know is irrational because it's just a token that supports and demonstrates proof of ownership of an asset. I said, it's like by enabling and advocating for everyone to be able to produce, my concern is it creates more doubt than opportunity.
I said, this is why businesses require permits and have to meet certain codes and criteria to
be accredited. I said, devil's advocate to myself, literally what I've been arguing with
Tolly about from Solana, does that suppress
innovation? So again, I'm trying to see it from both lenses as far as his perspective of unbridled
creativity and the ability to produce and, you know, let the market decide what they want to
support. However, when we're already, sorry, my video did something weird here. Go back to the end.
We're already, sorry, my video did something weird here.
Go back to the end.
Here we go.
Okay, so this is the key part that I think people should really consider.
Before I say it, I said, right, that, you know, I understand where he's coming from.
But when we're already very fragile as an industry, a lot of people are leaving, a lot of people are losing faith.
industry. A lot of people are leaving. A lot of people are losing faith. You have to take that
into consideration and putting your best foot forward to not only support and promote the
things that are of value and focused on sustainability and promoting that, but also
not putting that at risk of being experimenting in a very, you know, delicate ecosystem right now.
Now is not the time to be experimenting.
Now is the time to be doubling down on those who are doing the right things.
So I said, there's someone I know that has been advocating for a different distribution
of tokenization, and they're confident that it will be more sustainable, primarily prevent
rug pulls.
I said, essentially 98% locked in the LP, less circulating tokens,
projects earns fees to keep going off of the transactions. I said how the individual dev
to apply those is their prerogative, but it prevents any one person or group or people from
farming or tanking the chart where it's deemed dead. I said TLDR is that concentrated LP allows He, again, basically responded to that with, you know, his typical PR of like,
I just want everyone to be able to create and, you know, let the market, you know,
just kind of determine the outcome. And we're just going to keep on encouraging. I don't think he understand
what he means when he says that. I actually don't, like when he says, like, I just want everyone to
be a creator. Like I actually don't think he understands what that actually means. But now
you can, now you have a little, maybe now people here have a little bit more appreciation for when
I came up here and I started, you know know getting emotional and reacting at him before he left because i definitely wanted to for him to hear me this has uh this has
precedent like this was something that we discussed explicitly that i was fearful of and today was my
worst nightmare because again it's not just today it's everything that came before it that now has doubt associated with
it being built on base and he doesn't care and and that's the worst part is that he was educated
he was confronted he was you know given things to consider he ignored all of it so this is not
him being naive this is not him being uneducated, experimenting, trying things. We'll see what
works. We'll see what doesn't like, you know, Frank D gods in the past. This is so much worse
than that because he probably had other people besides myself that warned him, Hey, uh, if you
launch a token and then it goes down 90%, it's going to hurt everyone. And they still did it.
So I'm done. Like I i'll pause there but i wanted
people to hear that there were direct conversations over the past several weeks with jesse with others
on his team to prevent this occurrence yeah we appreciate obviously with your your transparency
as well and and we understand from your perspective why you would be so emotional over something like this,
you know, especially when you're, you know,
basically nailing into him that something like this
would be a detriment to him, himself,
and not just base, but to himself, right?
Why would you go ahead and do this,
knowing the consequences of this?
And he's obviously feeling it right now.
He's just posted a um
a little i don't know what it is he keeps responding to people with the same one with
the same way just funny just posted something else which goes into detail about being free
and in some bullshit like that like some mentality being free he's got like this
nobody one other disclaimer no but that's he that's great i agree
today token really ruined my day uh i mean it's been a hard two months and i told my girlfriend
like this is the chance because i spotted this token early at five mil and i told her that's
just put whatever you have on chain right now put it in and and now what am i supposed to say to her
you know i think this i think this ruined my life.
I'm going to be real with you, yo. The same shit you're going to say to her about the tokens that go to 500k.
I think this ruined my life.
I think Jesse ruined my life.
Yeah.
Yo, it's not much different than, I don't know, who came up and said the creator thing?
Like, we need these creators to support creators.
Anytime I've supported a friend or creator in this space, it was actually worse than Jesse's token. Yeah, terrible. If I'm, if I'm being honest,
right. Jesse's shit went to 15 mil. I go and support a friend. It goes to 50 K.
It barely makes it to 500 K and does the same shit in the same amount of time.
Yeah, I agree. Let's be real. Right. We're all mad mad i feel like we're all mad that it was just base
that did it right when the people that were on this stage today some asking questions have done
worse yeah 100 agree they could have waited a week they could have waited a couple days
they could have done the same thing that jesse wanted to do launching multiple tokens
they could have just waited a little bit just just a little bit more than one hour right let's go to these hands uh because uh yeah let's just go to these hands uh i think
matt is next i think matt is a base maxi too so uh be careful everyone uh well yeah i mean i just
want to say it seems like a lot of people are bringing in their their you know just personal
opinions on the situation and you know regardless of how how you feel about Jesse or the work that the base team does,
you know, I don't think that has any space in this type of conversation.
Do I think that, you know, Jesse and Bay should have taken precaution when using Zora,
you know, given they have so much social influence?
100%.
You know, if you have a coin, you have social influence that comes with responsibility,
and that responsibility isn't dictated by anyone but the core user base. No one's here to debate that. But in any case,
there's no productivity that comes from attacking someone who's sitting in a space publicly
answering all of your questions. He didn't fuck up shilling content coins. He fucked up by lacking
the empathy that their token launches can go to zero. And whether you agree with it or not,
they're publicly backing their own financial prim, their own financial primitives, you know, people who are using their technology, whether it works or it doesn't is one question, but whether it's ignored and the implication, you know, sorry, whether the implications of what they're doing is ignored is a completely different question.
And nothing good is going to come from arguing like children.
I personally don't think we've been
I think there has been a little bit of it
I'm not going to lie to you but I
don't think that's been the core of this
this conversation today
I think a lot of people have actually brought up a lot of
good points
I do feel
it was very degenerative
of them to do that today the whole
I just
weird timing it was very degenerate of them to do that today. The whole, I just...
It's a weird timing.
No, the one is okay.
Like, look, the one is okay and it's understandable.
But the second one, it's like, come on, bro.
You don't even, are you not understanding of the space right now?
Like, we're in fucking meme coin fucking super cycle.
Everything's pumping.
It has narrative.
And this is an exact narrative right like everything is
based like bro we just had a bunch of coins like everything is lego everything is furry everything
is fucking gay everything sucks dick like bro all these coins are pumping right you expect to launch
that coin and not to have crazy uh price fluctuation Like, I don't know, it just seems a little bit inconsiderate for him to do something like that.
But, I mean, I can understand your point.
Like, definitely crying about this and being babies about it
is definitely not going to make the situation better or worse, right?
It's just going to fucking...
We're basically being stagnant at this point.
And I can agree.
I can agree with you, you know, on that perspective, right?
We're just, nothing's progressing
if we're just being babies about it.
But I do feel like people should be held accountable
for stuff like this,
especially when it's something like the base team.
Like, do you, I mean, you know,
obviously Jesse's one of the core team members,
but I mean, have the higherups, the higher, higher-ups,
have they said anything about this?
The people behind him?
I do feel like we're going to get an apology message soon
or something like that.
Maybe someone has to step down.
I don't fucking know,
but I don't think this is going to be the end of the situation.
I feel like they've... You can Coinbase is going to see it now.
You can't do that without destroying the entire base ethos that he's promoting, right?
So you would literally have to go back to like square one with base as an entire L2 as to why does it exist?
What is it there for?
Jesse is base.
And Coinbase only sees base from my perspective as something they can manipulate
something that can promote their interests right that they can make money off of guys that guy that
was just on this stage does not feel like he did anything wrong at all like i don't even think
there's going to be an apology i think that whatever they're doing here fits the narrative that they were pursuing.
It's getting everyone to talk about it, and it's an awful marketing strategy.
It'll either get memorable books, or you will see a mass exodus from base with the current projects.
And that's what I'm predicting, because I'm already seeing it in my DMs.
Because I'm already seeing it in my DMs.
Adam's sure as fuck not the only one who says,
We don't want to be anywhere, you know, affiliated with this.
Yo, Anon, serious question.
You know, we go way back.
So I'm just asking, like, honestly.
So, like, let's say, you know, they decide to send this token with, like, company money or whatever they do to $30 million, $50 million.
Does that erase what they did?
You know what I mean?
Because right now it's climbing back up it just touched fucking 9.7 i'm a3 trading it like
all of a sudden does it erase you know fucking all the bullshit um because they send it to a
100 mil you know or no is it still a problem i think it depends on the motivations of the individual builder.
There's going to be some that are mature enough to kind of read between the lines that that's not organic.
That's manipulated.
That's artificial volume in order to save face.
have the kind of the uh foresight to not want to be a part of those um possibilities and
occurrences in the future whereas some who are there to grift in the first place will be like
well fuck it volumes coming in bases on the radar you know this is uh this is great for my bags and
they're probably trading that coin you know as well thinking that they can make something um so it all depends on you know the individual person and what their
motivations what their own ethos and values are personally
i didn't with them uh multiple things were presented as opportunities to pursue and move forward with
and to negotiate. And I went quiet because I was like, you know, and just in my gut,
I had this feeling that they either they don't get it or worse, they don't care. And that they're
trying to pretend that they care and, you know, put on this this wonderful facade that they are here for the community and here for the builders and, you know, will support you.
Actions speak otherwise. And you can save face. You can correct them as far as the financialization.
But the sentiment's already lost. Yeah, I mean, bro, the reality is that he can play ignorant all he
wants but it's very apparent that it's arrogance not ignorance in this instance bro all of what
base is built around is constantly people grave dancing saying that oh solana is full of garbage
solana is full of bullshit that's been their whole basis that they've fucking built everything on like
oh base is for real builders but now you're essentially telling people,
like, yo, launch whatever you want.
And that's cool.
That's fine, bro.
It's fucking, it's the blockchain, bro.
Do whatever you want in reality.
But at the end of the day, bro,
the person delivering the message
is absolutely fucking crazy.
Because countless times,
Jesse has self-shamed people.
He has talked crazy about other chains he has said
all the most bullshit just to turn around and do the exact same thing that he'll condemn people for
so that's the sad that's the sad fact of the matter and what's even worse bro is that bass
is already garbage y'all bass is already ass bro if you're trading on bass you're already getting
clowned on imagine how much worse
it's gonna get like i personally never touch base shit because i already know that it's some
bullshit but everybody now is gonna look and say okay now it's really some bullshit because the
face of fucking base is playing into it and he's doing the same garbage so to even pretend like
it's ignorance bro i mean it's it's it's foolish to even pretend like that, bro.
It's very apparent that it's arrogance and it's a show of power to say, oh, I can do this.
And, you know, if everyone else can do it, I can.
It's an attempt to steal Mindshare from Solana.
It's an attempt to steal the meme coin game, which is not going to happen because base fucking sucks.
meme coin game, which is not going to happen because bass fucking sucks. And then more than
anything, bro, it's a fucking joke to the people who actually did put time believing in bass, bro.
It's a fucking joke. Like, it's a terrible look. It's not going to do anything but make bass look
worse than it already fucking is. Anyways, yo, that's my fucking two cents, bro. I think this
is absolutely crazy. I think that it's crazy that he got on here
and lied and played in people's faces like that
and that guy should quit
the blockchain bro
he should resign and go into politics
the way he fucking tap dances around the question
because that motherfucker didn't answer
nothing he came up here and said a whole lot
of fucking nothing straight up
crazy whole lot of fucking nothing. Straight up.
Crazy.
Scan on back.
I am just fucking shocked.
This is so exciting.
Today's been crazy, bro.
I was not expecting... It was funny as hell, bro.
On a record, it's crazy.
He answered zero questions.
Izadi's asking questions to know whether he should buy or not.
I know a couple of you sick fucks down there want to know if you should buy or not.
Like, you sick masters, yo.
You sick fucks, yo.
He came on here and hit us with a visionary, I'm a pioneer type thing.
Yo, you all a bunch of crying in the casino ass motherfuckers, dude.
Yeah, this has been an interesting day for sure uh a blockchain launched its coin
it can't touch 50 mil can only touch you can't even just 20 mil uh it's terrible
terrible bro you know yeah real great look for ethereum today right like as if ethereum wasn't
already having some challenges with finding its product market fit and trying to justify l2s
like that's the whole thing is you have uh who was it standard charter i think or someone
came out and he was and they were like oh ethereum lost 5050 billion to L2s, and it looks like it's going lower.
And they said midlife crisis.
That was the term they used.
Ethereum is going through its midlife crisis.
And I'm over here as a borderline Ethereum maxi that I use other chains, but I love Ethereum.
And I'm trying to explain to people, well, no, it's a layer two for a reason.
It's a consumer layer.
It's a consumable layer.
It's a game theory layer.
And all of that just gets, like, discarded when something like this happens.
Everyone laughs at it.
It's embarrassing.
And it really does hurt the entire ecosystem, not just base, but all of Ethereum and the other L2s from being taken seriously.
This is fucked up.
Yeah, this is just, um, me, I, I just don't understand why this was done.
I, you know, now, now I'm thinking about it when Bork was talking about This is some marketing stunt
To maybe try and take
Market share from Solano
Or Pumfurn like even if that was
The case they
They failed terribly
Like even if that you know what I mean
It just feels like I don't understand
What this reason
He's trying to artificially create culture
out of something
he is
all the answers he gave that's what I got from it
that's what it looks like here
he's trying to artificially create culture
but it fails so bad
it's not needed
it's not needed bro they're scrambling bro
they're scrambling Binance is doing the same shit
alright they're trying to embrace that based ethos and that's not going to work Not needed, bro. They're scrambling, bro. They're scrambling. Binance is doing the same shit.
Alright.
They're trying to embrace that, like, based ethos, and that's not gonna work.
Yeah, but if that was me, and I did
the same thing, and I failed so hard,
I would admit that. You know
what I mean? Like, and I think a lot
of people would. They would, okay, well, clearly
this was not a good idea,
and, you know, maybe I'm gonna pull back the
curtains and see what we can do
to to to make it right right but he hasn't acknowledged that it just seems like he still
feels like what he has done is good and he's acting like a pioneer yeah and I just I it doesn't matter
where the price goes they could go to a hundred. It doesn't bother. I just feel like you just made two meme coins.
And you're not realizing what this creates for the rest of the space.
It's not just about base.
When you think about it, this just creates incentive for every bad actor to do the same thing.
And it just, I don't know.
It allows for the
floodgates to be opened, and everyone to get fucked, and it doesn't matter if it goes to
100 million, it doesn't matter if it goes to a billion, this is still some fucked ass
shit, bro, like, real fucked shit, I don't care who you are, I don't care what chain
you're on, like, we should not be having fucking the founders the fucking base or solana
or bnb making fucking mean coins like without without warning without warning you can't just
drop a mean coin whenever you're just some kind of like pre-stated plan like hey we're gonna drop
this basis for everyone token because we're tokenizing content
but to show you guys an example of how this is gonna work we're gonna drop another one in 30
minutes after launch as another piece of content and you know then less people get fucked that way
because you know there's some kind of plan and everybody's made aware but even then there's
people who aren't following him and watching for that kind of stuff who are gonna buy in and get fucked either way so at that point the whole coin the celebrity meme coins you know the uh
who's another one that did it uh not waka flocca there was another one oh uh jason derulo i think
one of them and they had vesting there was nothing like that included with this which just shows how
impulsive it is that you don't consider these things that like that is reassurances.
That is the checks and balances. Where is it perfect? Does it mean it's going to necessarily go to the moon? No. protections in place and putting your best foot forward that like, yes, we care. Yes, we are trying to do something sustainable.
And it's not all about, you know, the volatility, the price action, the swings.
Like it's more about we're here to stay.
We believe in this.
And so therefore, we're going to lock up all these tokens and have a vesting clause on
them in order to demonstrate that like this is not intended
to be like a pump fun launch
but they didn't do that
no they should
have done that though they should have created
this should have either been an open edition
or it should have been I don't know
what it shouldn't have been this
though to create some type of
fucking token that could just be
traded freely for everyone it it's like, bro.
Yo, me, correct me if I'm wrong, but I think translation of what he may be trying to say is like the concept of content on chain and supporting people if you like it is like gifting culture on TikTok and Twitch.
sure on tiktok and twitch and the problem is this isn't tiktok and twitch this is secondary
And the problem is, this isn't TikTok and Twitch.
speculative trading assets with values that go up and down and you know a bunch of sophisticated
people uh in the room that are listening and on stage they know how to make money off of those
mechanisms right so i guess my only question since i came up here and it still seems you know
to be the same one is like where do you just get off semantically calling something content on
chain instead of a token and how is it structurally different?
And, you know, that probably seems like it can't be answered.
But I go back to what I just said, which is it feels like they want to say it's like gifting culture or support culture when it's like really, really kind of not.
You know, I just don't understand, like, where the sales pitch is, right? Like, you know, I get that you want to say something different, but I just, I'm debating with a gentleman that was up here earlier in a thread right now.
And I just, even he's not coming to the conclusive argument that, like, what is content unchanged versus a token?
Like, you know, can we just pin you to the wall on that and say, that doesn't make sense, bud?
Bro, the guy's got a mutant APFP, bro.
He's, like, just...
Wait, that's not a mutant.
I think that's a base one, right?
I think that's a...
Whatever, bro.
He's got a fucking...
He still thinks that, you know,
they're building the Call of Duty killer, bro.
You just got to keep it pushing or...
Fucking ignore, bro.
There's people that think...
Hey, books, you know, I don't always got time.
I don't always got time. You know what I'm saying?
I don't always got time for this shit.
But today I got time.
Today I got time.
Guys
I want to say something on this because
I mean I've been rugged so many times
maybe you talked about this but
I just want to say how this felt for me
I couldn't stand it
because it felt like this guy came here
and chilled the hell out of base like crazy for freaking i think one hour or something
and then said like oh you got we got like 50 minutes to answer all those questions
it didn't feel it didn't feel right i don't think that was like it felt it felt like he took the
stage he saw it was like 2k more than 2k saw it was like 2K, more than 2K people.
It's like, okay, here I am going to chill the hell out.
I don't think that's a good thing.
I just don't, it doesn't sit well with me.
It's not how it should be, especially someone on his position.
It's not shitting bass.
Like, it doesn't matter if he chills bass or not.
Like, it's a fucking, you know, globally traded coin.
You know what I mean?
Like, it's not a 50K market cap shitter, you know what I mean?
Bass is fucking known by everyone, you know what I mean?
Of course, but the thing is, is the whole idea that he took the time to spend on his own thing,
like, what he wanted to do, but he didn't really care about the questions that were sitting there.
The elephant in the room was literally sitting there.
Let's be honest.
I think I'm not the only one who's feeling this.
No, you don't.
I'd love to chime in because if anybody's been seeing me in the group chats, I was hot
first time just even listening to him talk.
A little story about how I found you guys, too.
I took a break.
Once Mark Zuckerberg, like went on Joe
Rogan and he just annoyed the F out of me, like trying to rebrand himself that I purposely took
two months off of anything meta. So like coming in here now and like learning everything, like,
and there's people that are even taking up for him, like just cope, you know, people are stupid.
They don't even know like how crypto is supposed to go well you know we definitely know when someone's like actively lying to us I mean
it was pretty obvious and the fact that he did take the whole time to just shill the project like
the whole time he knew what he was doing and you, you know, kudos to him. But like, I'm somebody who
carries like I'm new to the space. So I've been actively learning. I have a Coinbase wallet.
And I've also used pump fun. You know, I haven't launched a meme coin myself. But for anything,
I'm an active user on pump fun. And I never even knew Coinbase was doing something. So now that I
know all of this even more, I'm so bullish on pump fund
I don't want to have anything to do with a founder who is cocky enough to not have enough integrity
to come up on stage and actually answer questions especially with somebody like Anon like that's
where I really like freak the fuck out like and I don't even like, usually you listen to things that happen. You're like, damn, that sucks.
You know, he got wrecked. But like when, when you,
when you actively just like curb somebody who's coming at you and like saying,
Hey, you know,
this actually hurts me as a creator because I've invested the time building,
you know, on this. It's like, and the way that he just dealt with him was, frankly, I mean, I didn't know why.
I mean, books was like, you know, be respectful.
And I'm like, cool, cool.
I can follow, I can follow that direction.
So like, I was like, yes, you're being very thorough.
But by that time, I was like, I'm really saying you're annoying the fuck out of me because
it was the same.
I mean, you could just, you could read um, what he was doing from a mile away. You were
talking about with Adam, right? Not, not, not me, but with Adam, the one who was building the AI
project. Yeah. And Adam's a great dude. Yeah. And it, you know, it just hurts. Like I'm somebody
that always sticks up, like sticks up with a little guy. And just the fact that he openly just
didn't care that he's shitting on
people let alone you know making it normal like I even said someone said I think Meep said you
know it's like Melania coin like Trump coin I said that in the before you even said that in the chat
I was like this feels like a Trump coin and you know I just it's really disheartening the fact that this guy is still being carried by Coinbase is I mean, it kind of just if you openly condone and shit on like instead of educating like that's
counterproductive counterproductive like I just it's really lame and that's
all I'm gonna say and like I get it now books like everybody's like even though
you were so respectful so nice you let like, you just let him go. I mean, you were, like, you rolled him out the carpet, and he pretty much took it, wrapped it around his neck,
went all the way up to the Empire State Building, and fucking flew his ass off of it.
And he's just, like, smiling, going down, fingers blazing, like, birds blazing, like, he don't give a fuck.
Yo, part of me thinks he was trolling.
Like, so right now, part of me thinks that that was all they've come out with an official statement uh base has the
the the official base account base is posted on zora because we believe everyone should bring
uh their content on chain and use the tools to make that make it possible memes moments culture
if we want the future beat to be on chain we have to be willing to experiment in
public that's what we are doing to be clear base will never sell these tokens and these are not
official network tokens for base coinbase or any related product the content we share is creative
and we're going to keep bringing culture on chain so did we all just learned like not to trust
anybody whether they're from a team or not like i hope everybody's like done throwing their toys
out of a sandbox like a bunch of pussies and like go get rugged and have some fun it's the casino
you full port anything congratulations that's on you that's that's your fault that is your fault
you full port anything you psychopaths like bro it might be your first go around who knows, but like this
happens on a daily basis a thousand times a day. You know what I mean? And yeah, it sucks when it
is somebody a little bit more high profile, but Donald Trump did it. Donald Trump did it.
Donald Trump did it. His trump did it his wife yeah
no are you kidding me are you kidding me like if y'all didn't learn from the president of united
states of america pulling the rug out going pumping his wife's bag then dumping that and
then alley opening it to the president of argentina like i i don't know what else to say bro like we
if he wasn't the biggest indicator that anybody could get away with anything in this space
then there you go he did give us a nice stimulus. Don't get me wrong. We made money.
Books community, shout out to squad, gang, P&L boys, you know the vibes, but we just need to
remember this is the casino, the wild, wild west. This is the decentralized land. Fuck regulation,
play the ball, play the game right. Don't throw your toys out of the sandbox when you get rugged.
And remember the first rule, no crying in the casino ladies and gentlemen no crying yes i
get what you're saying but that doesn't mean that it's it's it's it's good to to accept it because
well no but you could go be you know go put on a batman mask and be be a vigilante and go save
the world like yeah but you could go do that too i i did that the first year in the
space you will never invite the masses if it's like this well we don't need the masses
yo so on that one on that one the masses lady we need to focus on the people that are here
because there's a bunch of scumbags that need to get ironed out and a bunch of really cool people
that need to be showcased and highlighted and turn into something marvelous and we need to focus on them onboarding we're not onboarding nobody we're getting a bunch of
institutions coming in here this bull cycle was all institutions there was no onboarding in general
this time it was all just institutional money of the rich getting their their friends rich so right
now we really need to focus on the homegrown hyper local individuals that we have in the space
and make sure that we're showcasing them and making them our champions.
They need to be our true...
I can't even tell who's talking in the space.
It's crazy.
But whoever I'm speaking with, let's focus on you.
Let's focus on me.
Books, meep, everybody here.
But at the end of the day, it does suck.
I'm not trying to be heartless because people lose money and that sucks.
You know what I mean?
I've had it happen to me.
But that's meme coins. Go buy NFTs, rights right you're gonna have the same experience over there hopefully
not hopefully you might but meme coins is known the lifespan is just terrible it is so terrible
they the there is no it's it's schizophrenic at this point crying about losing money on a meme
coin because i i told you so he told you so everybody told you so
when you play those charts so that's why you got to be happy you get in you get out but it does
suck but yo that's that's the reason why we love you know hey book no crime in the casino
let's go let's go we're going to soul saver shit yo let's make our way over there yo what's up mr
crypto yo what's up my man how you doing
chilling bro i wanted to have a little like conversation with you to see like am i really
understanding what happened because i'm not really understanding what happened i'm gonna take the
flip side like so like we us as like solana people are now like on base for launching like
people are now like shitting on base for launching like like meme coins and no no no no no no no
right okay but did and then is it like 90 because they decided to launch a second meme coin 30
minutes later but we ain't we ain't shit i get out of this but are they just like showing off
the tech what what tech is behind
launching a meme coin no like did they like it's like they're saying okay now we have the ability
to launch they didn't get any heads right they actually have one of the biggest which was brett
right but but what is this is it what is this zora thing is it like a new platform? No, Zora's been around for a while now.
Zora?
Zora's marketing strategy is to tokenize around creators
as opposed to tokenize around the memes.
So anything that you tweet on Zora,
basically anything that I believe,
this is my understanding,
anything that you tweet on Zora becomes a meme or meme coin.
Okay, so then why are we shitting on them that's like
me like it's like me launching pump fun and then launching a coin saying hey this is what pump fun
is let's say i'm the creator of fucking solano or pump fun and then it goes to zero and then you
guys are like oh well look he just launched the coin that went to zero name one fucking coin that
was ever launched by any creator that's not at fucking zero.
And this is coming from someone.
No, no, we know, we know.
We ain't shit on them.
You know what I'm saying?
We're chilling, yo.
90% of the people that came up and shit on them sit in group chats all day,
rugging coins, launching and rugging coins on base.
I'm base, but I don't want to open my mouth.
90% of the people posting shit on the timeline
are ruggers complaining about base i mean but he didn't really suck it he's just showing you know
he's showing like a product like what we need to like educate is hey like these things are
like gonna go to zero and that's why the PVE coins that end up surviving...
No, I think the worst thing is that they're trying to...
