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EXTREME VOLATILITY ? 🚨
Recorded: May 5, 2023 Duration: 2:37:04Space Recording
Full Transcription
Yo, um, hi guys, sup, welcome, for anyone who's joining, uh, sup, was not expecting
to be running the space tonight, but here we are, uh, you're gonna have to give me a
minute or two because I'm just spinning things up, uh, there, you know, Ruto's, Ruto's good,
he's all good, um, he just needed to be away from the phone right now, which is totally
fine, uh, but I didn't see that text until, like, five minutes before eight o'clock, and
my space is supposed to start at eight o'clock, and I decided to go to the gym at seven o'clock,
um, and you can see, you can see where the dilemma has, uh, arisen.
So, I'm just gonna run the space, if people join, people join, if no one joins, who cares,
uh, we'll just end it early, I don't, it's very, very, very, very low effort here, uh,
but just give me, like, five minutes or so to just get things rolling, uh, because this
is, this is definitely not what I expected to be doing right now, that's fine.
In the meantime, dude, Futoshi, good to see you tonight, um, give me a minute to get
things rolling, but what's good, man, good to see you, say.
I'm doing good, what's up, dog?
Uh, the space went really good today, we had, like, 100 active listeners and, like, 400
something people tuned in.
No way.
That's all the shit, yeah, I co-hosted it with Leo, and that was pretty sick, Paz came in
clutch, too, and, uh, yeah, and then we got Isabelle from the official Ordinals team,
it was, it was a really good space, it went on for, like, fucking two hours and, like,
30 minutes almost, and then, like, people were still in it, I was like, damn, I didn't
even know that time, like, time flies by when you're doing a space, it's just wild.
Damn, okay, all right, hold on, I'm about to ping, like, a thousand people that I'm gonna
run a space, um, hold on, let's see, what should I write to them?
Apologies for shilling, but, uh, sorry, how do I say that?
But, uh, come join?
Question mark.
All right, and let's just make sure that I'm fine with shilling to these communities.
Um, I'm gonna put that as a yes.
Send.
Okay, I've just shilled this thing like a bitch.
Wait, can I, can I pin my, uh, video I just brought?
Yeah, dude, pin whatever you want, this is super impromptu.
All right.
I'm talking, uh, okay.
How's your day, bro?
How are you?
Good.
Um, generally good.
Uh, I, dude, this is crazy.
I, I'm like a little flabbergasted at the moment because this is definitely not what I was expecting
to be doing right about now, but.
A space?
Yeah, yeah, yeah, I was, well, I wasn't expecting to be hosting one particularly, um, because
I was expecting to be a co-host, uh, but, yeah.
Oh, shit, Eddie, I'll be right back, bro.
You're good.
Take your time.
We'll see.
We'll see if we can run a decent one tonight.
Um, I'll probably, if anything, it might be brief, and if it's not brief, who cares,
whatever, we'll just, we'll just do it, we'll do our thing, right?
So, all right, tell me, the space that you ran, how did, how did it end up going?
Uh, what was on your mind, and, uh, any takeaways?
Okay, so, before I did the space, I had a couple spaces throughout this week, and I just
kept joining a bunch of random ones.
Actually, when it came to the Ordinal community, a lot of us are getting, like, close, like,
we have this Bitcoin Sigmas chat, which are, like, the movers of the Ordinal space, and
there's, like, chat devs and everything, and they'll run spaces, and they'll talk, and they
make the vibe so chill, where I'm like, oh, dude, I literally just have to talk.
So, organized the space, got, like, ZK and Leo on board, and they were talking, and it
was just a really good space.
It was really, it was controversial.
She got heated, because there was, like, a debatable topic that got brought up, but it
was fun, and it went really well.
You know what, what was the topic?
What was it, what was it on?
I'm curious.
Okay, so, the space was centered around the sub-10k group, which are the first 10k inscriptions
on Ordinal's, because Leo loves that message, and we're, like, trying to
push, like, do you know anything about BRC20 and everything that's going on?
Somewhat, but for both myself and the people in the space, give us, like, a 20-second
briefer on what BRC20 is.
So, BRC20 are shitcoins on Bitcoin.
That is it.
That is just one sentence explanation.
And it's possible via the Ordinal's protocol, if you guys are familiar with that, which
are, it's the process of inscribing files on the Bitcoin chain, and the way that BRC20
kind of just, like, spawned out of existence is quite literally, you would inscribe a text
file, which is, like, this JSON document explaining, like, the ticker, max amount, et cetera, and
you just deploy it.
And then people inscribe other text documents, which are different JSON parameters on the
Mint, and it just started, like, this whole chain of Bitcoin shitcoins, which are quite
literally people trading HTML dot, or dot text files with each other on Bitcoin.
And on the sub 10k space that we were hosting and we ran, the whole debate was, like, kind
of bringing, so, when it comes to the mempool on Bitcoin, things have been really high,
like, we get 150 fee rates, when before Ordinal's, it was kind of chill at, like, I don't know,
one, two, maybe three, sometimes get up to 10, but with BRC20 and hella dgens just fucking
max mincing text files, shit ran up to, like, 100 plus, it's 140 right now, and the whole
debate was over, is it really, like, should we really be focusing on this?
Like, is it a productive use of, like, Bitcoin technology?
But the thing is, it's, like, Bitcoin is for everybody to use, and dgens just kind of came
on the chain, and it turned into, like, this gambling casino, and it was more so the Ordinal's
team just kind of expressing, like, why they don't like it, and I totally agree, and it's
such a shit protocol, but it's simple, and it's fun, and it gets the dgens gambling addiction
going, and that's kind of why it took off.
And I hope it dies, so Ordinal's goes back to, like, the art, like, NFT, JPEG-centered
vibe of it, but there's no stopping DJ gamblers.
Yeah, appreciate the insight, Budo.
I just wanted to jump in real quick and say, like, guys, thank you for joining us.
Bottom right, our top, I have the spaces link pinned.
You know, retweet the room, doesn't cost you anything.
And, yeah, I know, like, we jumped right into it, but I'm gonna mute everyone real quick
and, you know, do it properly.
Let's go, D.
Let's go, D.
How are you doing, Eddie?
How's your night going?
How are you chilling?
How are you cooking?
I'm doing good, Demon.
For those of you who are unaware, this is the really good Web3 show, regularly with Ruto and I, but Ruto is busy for tonight.
And so impromptu, I'm hosting things.
And I was like, who would I trust as a co-host?
There's actually genuinely few.
When I put out that message, Demon, there was a few people I was hoping for more to say yes than you.
So I was very glad to see Demon out here.
So Demon's my co-host for the night.
And we were, you know, I'm just, I figured why not?
You know, why not just run it, see what happens?
And so that's, and I, unfortunately, I first anticipated that I was going to be co-hosting.
So I didn't think going to the gym was going to be a huge problem.
But here I am at the gym.
So if I sound different or if you hear other people, you know, putting up weight, grunting and all that, that's why.
And if you hear me, you know, maybe out of breath, it's because I'm also putting up weight.
And I figured, well, at least it's real.
You know, at least it's real conversation.
And just like, we're hanging out.
We're having a good time.
Nothing crazy.
So guys, what is up?
Welcome to the Really Good Web 3 Show.
This is a TDA brand space, by the way, which if you don't know the Daily Alpha, you can also check them out Tuesday through Saturday, starting at 1045 a.m.
Eastern, going to 145 a.m. Eastern, 145 p.m. Eastern for the best calls in NFT land.
Now, let's get into things.
We started off by talking to Boo, which Boo, probably one of the OGs in the Bitcoin Oral space.
So it's good to see you tonight, Boo.
But let's also go around the room and say hello to some of our other attendees.
And if you guys in the audience want to also come up and say hello, please feel free to request.
We'd love to have you on up.
And if you want to, you know, add to the conversation, but maybe you're not much of a speaker,
on the bottom right, you can always feel free to press that, you know, comment button and let us know in the comments.
And just ask to set some, like, ground rules for the stage, the way I like to run these things, are very, very free-flowing.
Like, if you want to just, if you want to chat about whatever, if you want to bring it up, you can feel free to bring it up.
If you want to just, like, unmute, that's also fine, as long as it's respectful.
Notably respectful.
Understood?
Understood.
Now, let's dive into things.
Let's just say hello to some people.
Let's start off with this.
Zoe.
Zoe, it is not often I get a chance to say hello to you on a space.
How are you doing this lovely, lovely Thursday evening?
What's on your mind?
What's cracking?
Hey, Eddie.
I know.
I was like, oh, my God.
I'm going on spaces at 2 in the morning, but it's all fine.
Hi, everyone.
I was thinking when, oh, my God.
What's your name?
Pudoshi.
Pudoshi.
Sorry, if I'm not saying it correct.
Yeah, you're saying it.
Oh, good.
If it's being inscribed on Bitcoin, a shitcoin, is it really that?
Because Bitcoin is quite valuable.
Does it really become that unfaluable then?
Because it's being, like, inscribed onto the blockchain?
When it comes to the shitcoins being inscribed, it's because the way that Ordinal's inscriptions
work is you're inscribing whatever data file on an individual Satoshi.
And from my understanding, one Bitcoin has 100 million Satoshis.
So all of these little stats just kind of roam around and they have a bunch of data inscribed
on them.
And that's how you track.
Because you could move Satoshis around between wallets.
It's basically just sending Bitcoin to each other.
But specifically in Ordinal's case, you can now send the individual Satoshi that's actually
inscribed between people.
So the way this whole, like, BRC20, Bitcoin, shitcoin meta started is someone came up with,
like, this experimental protocol and kind of explained.
So they created an indexer where they could scan the Ordinal's chain and all of the inscriptions
and see kind of, like, what is a mint and, like, what's a deploy contract technically
and then what's a mint.
And from there, it just kind of took off.
Yeah, I'm here to show anybody in Ordinal's.
So any questions, feel free to throw them my way.
I'll do the best of my ability to explain and onboard everybody.
I really like Ordinal's.
Like, I did, like, a deep dive into it.
But my thing is more, like, when we talk about shitcoins, they usually become unvaluable.
Right?
But on Bitcoin, I'm like, how will it ever?
I feel like there's still value there.
Well, the minimum value is one sat, right?
Like, is each shitcoin essentially one Satoshi?
Yeah, each shitcoin is essentially a sat.
But from what Zoe's saying, I kind of get it now, is there could be value in terms of
because it is an inscription itself and they're all tracked.
So because of BRC20, like, the total inscription numbers went from 1 million to 3.6 million
in, like, a week around.
But every inscription that's being inscribed right now, you could say it has its own piece
of value in the far future.
Let's say, oh, there's, like, 100 million inscriptions now.
And the inscriptions in, like, the first 3 million are more valuable than those that
are being inscribed recently in the 100 million because they were earlier.
So technically, you are, well, it could be argued that there's value in just inscribing
anything.
And in this case, all of these, like, shitcoin.txt files may have value in the future.
No, I think what she's saying is that at the very, I mean, correct me if I'm wrong, but
I think what you're saying is that at the very least, it would have the value of one
Satoshi, which is one millionth of a Bitcoin, right?
Oh, yeah, that's it.
So it wouldn't ever go to zero.
I think that's what she's trying to say, right?
Yeah.
I'm going to say one more thing and then I'm going to pass the mic because I was just here
to say hello.
But that's exactly my point.
You explained it really correctly, right?
Because when ordinals came, I was like, oh, fuck, this is amazing.
And there were already, like, Segway and stuff like that.
But ordinals is still really different.
So every time you, like, inscribe something, it becomes also because there's only a few of
them.
There's only a few Satoshis or what was it again?
21 billion.
I don't know the number anymore, right?
So with people, like, inscribing those shitcoins on it, it's like, it's still, like, number
it is, like you say, numbers go up.
And I really believe there's a value in some of those first ordinals because it's still
a history thing.
That's why we like the blockchain, we're tracing.
So I think with the shitcoin thing, I'm like, it's super interesting because I don't really
think it goes then to zero.
Well, thank you, Zoe.
And actually, I will say, Zoe, much appreciation for you and being one of the most fashionable
people in all of Web3.
Enjoy the rest of your night, Zoe.
If you choose to stick around, you're always welcome up.
But let's keep things rolling for the night.
Which, again, thank you guys for showing up.
Again, this is super impromptu.
I did not know I was going to host this.
I decided to host it pretty late on.
And if you're wondering why I sound different, it's because I'm still at the gym.
I was not expecting the host.
Let's go, Eddie!
Gym time, baby!
We're doing, we're doing, what are these called?
Like, I think angel raises.
Like, literally, I have a 12-pound weight, or no, 15-pound weight doing an angel raise
in my other hand.
But we're doing it.
We're doing it.
Let's keep things rolling.
Eddie, get that bubble butt going for Vegas, baby!
I hate leg day, Gigi.
Leg day is the worst day.
Don't come at me.
Literally the worst day.
But let's hear from Witters.
Witters, I know you've been, like, absolutely diving headlong into some of these shitcoins.
This is absolutely not my expertise, but I know it's what everyone, what everyone's
interested in these days.
Witters, how are you doing?
How's your Thursday night training?
They're doing good, Eddie.
Yeah, so I have on my art hat today.
I dropped my peepee collection.
Um, but, yeah, so I just wanted to talk about the BRC20 tokens again.
I'm sorry, um, if this is a snooze fest.
But, um, that is what I've kind of put down the shitcoin.
Um, well, that's not true.
That this week I've done about all of it.
Um, but these BRC20 tokens, every single one, and what's just, it's just wild to me that
what is inscribed or what is put on any kind of blockchain has more value as like an inscription
than at, in the sum of all of those inscriptions than the actual blockchain's, um, I guess intrinsic
value, um, in the market.
And so each time that you make an inscription, you're diluting the, the market for that.
But there's obviously a cap that it's a very large cap, um, to be able to do that.
But it is just going to be a constant dilution, um, for that specific market.
Um, so I, that's like one thing.
And then they just changed like BRC20 tokens to ORC20 tokens.
And, uh, they didn't like, like you still have your BRC20 tokens, but the new thing, I
guess would be the better way to put that is ORC, uh, uh, 20 tokens.
Now I just got my head wrapped around the BRC20s and I, and I am no expert on the ORC20s.
Is this moving too fast for you winners?
It's moving, I swear.
It is just, it's something and I'm tired.
So if anybody has any information on the ORC20s, I would love to hear you.
Well, I actually, yeah, I can answer that.
For sure.
Okay.
So, um, ORC20 is an implementation that dropped yesterday, actually.
And that was one of the debates I was talking about, um, on the space I was hosting earlier.
Cause, so BRC20 as it is, is a really, I don't, I don't know if like I could just cuss
on this face, but it's really shit protocol.
And it's only taking off because, oh, it's simple.
Like there's money to be made and it kind of onboard.
Like I said, like the gambling degens.
ORC20 is a new open token standard for Bitcoin ordinals.
And you can migrate like the old BRC20 contracts, I guess I'll call them, even though they're
really text files, into ORC20.
But it, it just, the whole thing just seems really messy in general.
And what ORC20 is supposed to do is make it more of a contract.
So it's more interactable and it actually has use instead of just being like a useless.txt
file inscription.
But that's the whole like debate that's kind of going on in Ordinals Twitter.
God, I love it.
Cause it's like, okay, so we have our BRC20.
I love how it's like, I love how in the Ordinals community, it's like, oh shit, new contract
type just dropped.
It's like, dude, there's like, there's so many new things coming.
Like, yes, it says to an extent, all right, you see like the ERC721A, but it's like iterations
upon iterations where in Ordinals, they're like, hey, we, we just, you know, created fungible
tokens for Bitcoin and, and everyone, no one's talking about that.
Like all these fungible tokens are either on their own side chains or on Ethereum.
And everyone, you know, that's, that's pretty crazy.
But you talk about a fungible token like Pepe, imagine if Pepe launched on Bitcoin.
Oh my God.
There is a Pepe on Bitcoin.
Of course there is a Pepe on Bitcoin.
And I actually kind of made that.
Of course there is.
And there's a Pepe BRC20.
And yeah, that shit, that shit moon.
I mean, the thing that's pretty crazy about BRC20 is that you literally, like the top
tier coin, Ordi, you literally could have minted like 10,000 for like a couple bucks.
And now one Ordi is worth $3.
Like what the fuck?
Did you say Ordi?
That's why.
Is that what you just said, Ordi?
Yeah, Ordi.
Oh my God.
Ordi, it's O-R-D-I.
They've got shorthand on Ordinals now.
This is crazy.
Follow, by the way.
If you guys are new to, if you guys don't know much about Ordinals, Hutoshi is actually
one of the OGs and has like a fairly solid project on Ordinals.
So if you guys are interested, make sure that you give him a follow.
The guy's actually like a wealth of information and also a really nice and fun person to be
around.
So props to you, Boo.
And actually, let me just ask you real quick, since you're way more plugged in on that side
than I am.
I'm curious.
We've got Illa in the audience.
I feel like it's worth, it just brought to mind.
I'm curious.
What is the current Ordinals community sentiment towards Twelfold?
Twelfold, by the way, really quick.
For anyone that doesn't know, Twelfold being Yuga's art drop on Ordinals.
Sorry, continue.
You're good.
I was going to say, I have goldfish memory.
So I actually forgot about Twelfold until you brought it up.
But no one, so when it comes to just the inscription market in general, no one has really taught.
Because of BRC20, that's like everyone's hyper, you know, we're in a hyper-focused space.
And that heavily applies to Bitcoin as well.
And since all the craze is around BRC20, no one has really paid attention to the inscriptions.
And actually, BRC20 are onboarding a lot of people to Ordinals.
But a lot of people being onboarded don't actually know that, yo, they're straight.
Like, there's basically NFT projects.
And it's all like historical NFT projects.
But people go on Ordinals and kind of just see text documents.
And so it's like diluting that whole art kind of culture community that brought me into Ordinals.
So that's why I hosted that sub-10k space earlier.
Because I'm like, hey, yo, fuckers who made a ton of BRCs, like a ton of money on BRCs.
Come part that money into some historical Ordinals.
Like, it'll do you good in the future.
Well, you heard it here first.
God bless.
All right.
Things are cooking on Bitcoin.
I like it.
Everyone's like, oh, Ordinals came and went.
Ordinals are being scribed faster than you can believe.
And they're definitely here to stay.
Habibi, I want to hear from you next.
How's it living?
How's it cooking this Thursday night with you, man?
Yo, what's up?
What's up?
It's a good night.
It's almost Friday, so I can't complain.
I wanted to just talk about shitcoins and kind of just comparing it to the Twitter DM requests.
Like, getting into a shitcoin is like opening a DM request and expecting it to be anything valuable.
Like, you really never know.
So, it's a hit or a miss.
You click a link, you might lose everything that you've ever owned.
Or you might have an opportunity in there or someone wanting to hire you for something.
So, yeah.
Shitcoin season is crazy.
I think...
I don't know how much longer it'll last for it.
Just because I think the whole market's kind of in a shaky spot right now.
Especially, like, housing market and everything overall.
So, interesting to see.
But I've definitely been, you know, playing around here and there.
Yeah.
But, yeah.
I just want to say what's up and just hit it up.
Well, what's up, baby?
It's always a pleasure to see you.
Probably my favorite D-God.
Not probably.
My favorite D-God.
And, yeah.
I mean, I'll tell you.
Like, I've been watching generally the market.
And I feel at least somewhat concerned.
Right?
Like, at least a little bit.
It was, you know, what...
Eddie, I think we should be very concerned.
Not somewhat concerned, dude.
It's bad out there.
Well, another bank collapse today, right?
Like, you know, just another one.
Another one's down for the count.
Right?
Yeah.
I mean, that's always a bullish sign, right?
Like, always get excited whenever you see a bank collapse.
That's always a sign that we're in a healthy market.
For sure.
So, that was awesome to see.
Which means it was not awesome to see.
Meanwhile, we're out here putting out loans on blend.
Which, I'll tell you, I've been trying...
I spent all day today trying to think about, like...
Maybe not all day.
I was pretty busy.
But whenever I was free for a minute or two,
I've been thinking about, like, how to actually make money on blend.
And I think we'll get into that in a bit.
We'll get into that in a bit.
I just know that people have on their minds some shit coins.
And I've got some thoughts on how you can actually, you know, be profitable.
And I'll tell you this.
Preview, it's very difficult.
Like, very...
It'll be very difficult and very tough to pull off.
But first, let's pass things over to my friend Raj.
There's my favorite chibi dino on the planet.
What's up, Raj?
What's up, man?
I just got back from the gym.
Sauna was closed, so I'm a little bit upset.
But it's all good.
But, listen.
Banks are collapsing left and right.
You know what's not?
Fucking collapsing my Pepe bags, right?
I'm up 51% in, like, two and a half days, bro.
I'm pretty sure Pepe has a higher market cap than that bank that collapsed today.
I don't even know what the fuck that name is, right?
But, listen.
All these shit coins may be popular right now, but I advise all of you to take your profits.
And if you're not in Pepe and you're just watching from the sidelines, not financial advice, but just fuck around.
It's like a roulette board.
Throw 5, 10 bucks in there.
I might land down green and you'll win big.
You never know.
Obviously, I'm not a financial advisor.
Please don't listen to me.
Do not sue me if your backs go to zero.
So, anyway, my backs are up decently high.
I'm just having fun with it.
I'm not out here trying to get rich on 50 different fucking shit coins.
I'm just out here participating in the fun.
And, yeah, it's going good so far.
You know what's happening on all these chains, by the way?
It's like we were just talking about Bitcoin and how Bitcoin's got the BRC20s.
We have, obviously, with ETH, right, with Pepe and whatnot, there's plenty of stuff going on with ETH.
But even on Solana, like, people fade Solana.
People are making some pretty, pretty massive gains with some shit coins on Solana.
So, don't keep your eyes closed.
It's happening everywhere.
But we got a lot of hands.
Let's keep things rolling for the night.
Who's next?
Oh, well, I see all these hands.
I'm actually going to skip them for just a moment and say hello to Kiro.
Kiro, I got to ask you, dude, what is cooking for tonight?
Are we cooking up some content, brother?
Yeah, we're working on some content.
We got something new that we're working on.
So, I'm just on the computer doing that.
I was going to hit you with something else.
But I decided to, like, spare you guys today.
Because it's probably getting pretty fucking wild that I always do that every time I come up.
So, I figured once a day is okay.
That's chill.
That's chill.
Now, I want to hear from a new – by the way, I actually am always fine with that.
Like, there are ways that you can do that reasonably.
And I think you actually pull it off.
But let's keep things rolling.
Oh, do you want to add something to say before I keep things rolling?
That was Kiro.
No, no, no, no, no, no, no.
We'll save it for this weekend.
Okay, we'll save it.
We'll save it.
All right, let's keep things going.
I want to say hello to a new voice on stage that I have not heard yet.
Like, actually someone that I haven't seen around these spaces at all.
So, Esquire, your hand was up.
Did you have something that you wanted to add real quick?
At this stage, I have nothing valuable to add.
One, I'm glad.
I appreciate you bringing me up.
No, but it's funny because from the ordinal standpoint, I've been trying to dive in.
But I'm a sucker for, like, you know, the – oh, I like the art thing, you know.
And it's kind of like back when NFTs first started for me where you're just buying shit that you think you're interested in,
but you don't understand, like, you know, founders and – you know what I mean?
Just understanding roadmap and, like, everything else involved.
You're just like, yo, this one looks dope.
Let's buy it, you know.
And that's how I feel about ordinals.
And I've convinced myself not to buy them at least 20 times.
And I just dove into Pepe today.
So, my output for the day is that's probably the top because I finally jumped in.
So, I'm trying to save you all a little bit.
And, yeah, that's it.
That's what I got.
So, other than Dust, I bought a bunch of Dust today too.
So, I mean, not to overshill the whole Utes-Degas deal.
And sorry, I'm on a playground with my kids.
But I just wanted to show you guys some love, man.
Don't worry.
I'm in a gym.
I totally get it.
Again, was not at all expecting to be here.
But here we are.
And also, just to say, like, if you're going to screw over Pepe,
it would be nice if you didn't screw over Pepe and Dust at the same time.
Just be a little bit more careful.
No, Dust is forever, fam.
Dust is forever.
Come on now.
So, fair enough.
All right, let's keep things rolling.
Let's say hello to my good friend, Hantau.
How's it going?
Yo, what's up, Eddie?
I just came up on stage to tell everybody how bad that financial advice was from Raj.
If you put in $10 right now, the gas is actually about $30.
So, you literally have to 4X on Pepe to make any kind of return.
And the market cap's already, what, like $700 million right now?
So, that would have to be probably higher than some of the top-rated coins on crypto.
So, it might not be worth putting in $10.
And if you actually want to gamble, just fucking YOLO some other coins, not financial advice.
But, Hantau, it provides more utility than some of these top 100 coins.
Yeah.
So, I would recommend the number one shitcoin on Ethereum called Sappy Seals.
Definitely get that.
It has way more utility.
Arf?
Arf?
Yeah, King Arf.
Arf, you got something to say about that?
Arf?
Yeah, do it.
Coward.
But, also, you know, I'm a paid spokesperson for Pepe coin.
I made some memes in Web3.
I got paid in Pepe.
It was $230.
Now, it's $450.
Let's fucking get it.
It's a bull market.
Raj, Hantau said you get very shitty alpha.
How do you feel about that?
Did you just...
Did you...
There's no way.
Rip.
Rip Raj.
He left.
He ran away, bro.
He ran away.
That's crazy.
You didn't remove him?
No, bro.
I did not remove it.
He really left.
Oh, my God.
We scared the man.
Oh, man.
When confronted by Hantau, he folded.
Rest in peace.
Real quick.
All right.
Let's...
Wow.
I'm going to take a moment to recover from that.
In the meantime, Klaus, what's going on, dude?
Good to see you tonight.
Good to see you, Eddie.
It's been interesting the last two weeks, for sure.
Definitely, as has been already kind of said and exclaimed, enjoy your fun, but take your
profits.
And definitely, you know, don't get a little too heavy into it.
This game is not for the weak, and you do have to lose a lot sometimes to win big.
And I would agree.
I don't think necessarily $10 is really going to do much for you in Pepe, or any meme coin,
for that matter, considering how high gas is.
But I guess it does depend on the situation.
I do think there will be, for sure, one, you know, meme coin that makes it through this
cycle.
I think there's a high likelihood it could be Pepe, but I don't know for sure.
I think there's a few others that have some potential.
I also think, you know, politics and what plays out with SEC may also affect meme coins
also a bit.
So this could last for a few more months, or even, I don't know, six months to a year.
But, you know, the rapid acceleration of how fast these are getting put out by a bunch
of people, I do think is somewhat of a scary kind of thing for the space.
I do think a lot of people are getting hurt, and we're not seeing those tweets on the timeline
nearly as much.
There's definitely some degenerate gamblers that, you know, will leave if they get really
burnt out or fuck themselves pretty bad.
That does happen.
We've seen it happen to two of the biggest whales in the space with Blur.
So don't lie to yourself and say that, you know, people don't get burnt out or that we
don't lose money by, you know, gambling a little too hard.
So just, you know, have your fun, but please stay safe out there.
And then in terms of other coins, dude, I don't know.
Like, the AI one's interesting.
I'm not here to pump any meme coin per se.
I have dabbled a little bit.
I lost more money than I made just because I honestly, you have to not be sleeping to
be able to take profits on these things and be able to time market cycles.
But I guess my last point would be, you know, I'm definitely interested in seeing a 10,000
X for myself.
So if anyone's got the offload, just DM it to me.
But, you know, happy for my friends that are making profits.
Don't be the salty one on the timeline.
It doesn't matter what it is.
We recognize majorities are fucking rugs.
But, you know, what's coming to these people will come to them.
Take your profits and just, you know, enjoy the victors for now.
Yeah, I think we should honestly gloss.
I don't know who else works out in this space.
Gigi was talking about, you know, building up that badonkadonk.
If we could build up our booties, we could definitely launch a shitcoin.
I'll be the head of it, you know.
And, you know, in a few weeks, we'll be like, we'll run another jug space.
And that'll get some great views, you know.
Eddie, and not to interrupt you here, but, like, honestly, we have a lot of good actors
in this space.
Like, is it really that hard for us to launch some meme coins that actually don't rug?
That's the interesting thing.
Like, can we launch some meme coins that have funny names and actually stay around?
I think we could.
Is that super hard?
Are you guys all that selfish?
So, one of my friends, Nucci, who's requesting, actually, I'll bring him up in just a second.
Nucci, sorry.
Nucci was telling me one time, he was like, you know, I feel like if people actually tried,
there's enough good actors and enough smart people that if we wanted to, we could just,
like, launch something as a collective, and it would work because we're not stupid.
And we also, you know, would actually care enough to make it work.
But realistically, it's also because we care and because we recognize the difficulty that
we don't do that because we recognize, like, how dangerous and how stupid that often is.
Oh, completely.
And I'm not advocating for making an illegal security, just to be completely straight with
you.
But I do also think, like, realistically, we have a lot of good actors in this space.
Like, can we really not, you know, shill some crypto people?
You know, there's 80,000 plus Pepe holders.
You don't think, you know, some of that profits may cycle into NFTs.
And that could be some of our friends here on this space or even the speakers.
But realistically, like, be happy for everyone because that rotating back into NFTs is healthy
and good.
But also, it does look like it's a lot of new market participants.
So that's a super kind of curious thing.
Like, for me, like, all we've really kind of proven here with Blur is that everyone
has, and I've seen this at every space.
I've listened to probably 15 spaces this week, and it's already Thursday from, like, big people.
And everyone is saying it's shit coins with pictures.
And so, of course, people are going to move to actual shit coins because none of you ever
cared about the art.
That's very clear.
You only cared about the profit.
And we're seeing that now come to fruition.
So realistically, like, what's going to bring people back to NFTs?
I do think it'll be building, but I do think it'll be some other things as well.
So I'm curious, you know, what projects kind of, you know, come out of the fold, which
ones are new, which ones are underdogs, which ones are being faded.
But realistically, I think we'll see, you know, maybe a six-month to one-year cycle and then,
like, some really cool things blossom.
You know, that's been the most frustrating part for me because I'm sitting here and I'm
trying to look ahead at what's actually exciting in terms of launches, specifically on the
NFT side.
And it's like, we got ether at some point in the, you know, unidentified future is coming.
And that's cool.
Outside of that, I'm trying to think through, like, projects that really have me gassed up.
And it's like, I don't see many.
I don't know if that's just to say that.
Eddie, really quickly.
So how much do you think the ether floor is going to be after Mint?
And, like, what would you suggest as a strategy to get in?
Um, okay.
I mean, they're going to be minting those things for an ETH.
I don't know if they actually still can do that.
Like, there was a time when they could.
I don't know if they reasonably can mint those things for an ETH.
If you don't want to mint, I'll mint for you.
I mean, I'm on the white list.
And I, which means I'll be getting one for free, but that has a six-month lockup.
So that's an interesting situation.
I think that the minimum that they're going to go for after the fact is, like, 0.75.
But I think, realistically, you'll see them trade around, like, 1.2 to 1.5 range for a bit before dipping under an ETH if they do start selling them at an ETH.
Which means that they're going to be profitable.
But I know some people that were buying them, like, buying white lists for an ETH and a half.
Meaning that they were, like, buying the right to have them for free, locked up for six months for an ETH and a half.
I think those people are going to end up underwater, to be honest.
But, I mean, we'll see.
If you can find a way to get in, I think 1.2 to 1.5 is reasonable right now, given the current state of things.
And you could see them go all the way up to, like, 2, 2.5 if they've got, like, a crazy hype cycle running for them.
Yeah, I just, like, in the past I've bought white lists and stuff and I didn't feel comfortable with it.
Because it was kind of sketchy.
I had to, like, make wallets and send the guy phones and stuff like that.
It was kind of weird.
So, I don't want to do that again.
It was too costly.
I agree.
Although, I will say that there is a major project, actually, that's coming.
And it's an ordinance thing.
And I think a bunch of you guys know what I'm talking about.
Cough, cough, cough, showering, cough, cough.
And I'm definitely interested in picking up some whitelists on, like, whitelist OTC markets, which are very, very sketch and involve some very sketch strategies.
But I'm interested in it.
And, yeah, I will say it's a weird market to participate in.
So, I'm not too excited for that.
But, Eddie, I mean, Eddie, don't incriminate yourself saying that, you know, you're going to do sketchy stuff.
It's not sketchy.
I mean, it's not criminal in nature.
It's just, like, it's hard to enforce.
There's no way to, like, really hard enforce that stuff.
But it's at least stuff that I've seen.
Like, you definitely see people write threads after the fact.
Like, think about this, okay?
Think about something.
And then think about who's going to write a thread afterwards saying that they made a million dollars doing it, okay?
That's the interest.
That's, like, how you know that something's a play.
But let's keep things rolling.
And I want to hear from my friend, Nucci.
Nucci, you always say that you put your kids to bed around this time.
But it sounds like you're lying because you're here now.
What's going on, Nucci?
I was lying.
I put him down in, like, an hour and a half.
I just needed a good rant around your timing.
Well, I have a question.
You know, I was thinking back to, like, nine months ago, maybe.
And I remember being on a space and some guy said that he thought Yugo was going to buy Disney.
And I realized at that point I should have probably sold, like, everything.
Like, that was the top signal, like, when people said Yugo was going to buy Disney.
But I think about, like, where we are now, where we've come since Yugo buying Disney.
And we're at the point where, like, I feel like most people can see through these projects.
Like, even, what was it?
Like, we've had a few, like, PFP projects that have done well recently.
I'm thinking of, like, God, I can't even remember the name.
It was, like, three months ago and it's already escaping me.
But we've seen a couple do okay.
And, like, but for the most part, I feel like even the great ones with big bankrolls are struggling to survive right now.
And I'm curious your perspective on, like, why is Ether worth one E today?
It's not.
It's not.
It's not.
There was a time where it may have been.
There was a time where it would have sold out, even if it wasn't worth it.
But now I'm not certain that they have that anymore.
It's a 10K, right?
Yes, which is, that's why it's crazy, yes.
It seems, unless it was, like, Tyler Hobbs and X-Copy, like, that still seems fucking insane to me.
In fairness to V is a pretty large artist in the, like, anime and especially internet culture scene.
Like, he's had some pretty massive collaborations.
But to say he's not, yeah, he's not X-Copy, that's for sure.
Eddie, what's even wilder, though, it's, like, the mint structure.
Like, the mint structure was 8,000 of them were supposed to be public at one E.
Like, that's just insane to me.
I don't know, like, you know, like, even if, I don't know what they're going to do now.
But even if they come back, like, a public at 8,000 is just not going to sell out.
It just doesn't work.
Not in this market, dude.
No way.
In this market, for sure.
For sure it won't.
Although, I will say, everyone hates on blur and blending especially.
But you know what that is?
That's longing.
And that's leverage longing.
And in a bull market, oh, my God, the upside potential that that provides is unbelievable.
Like, I will say, if they added ability to short, the downside potential in a bear is also pretty unbelievable.
So, if they'd added shorting alongside that longing, we'd probably be seeing prices going straight down.
But thankfully, they didn't.
So, they only added longing.
They literally, imagine you have a derivatives market for, like, let's say, any other coin.
And it can say, like, oh, yeah, you can leverage long.
But you cannot leverage short.
You can't even short at all.
You can only buy.
And that's why you saw Izuki pump.
And it's, the cascade that's followed that is separate.
But, yeah, fairly interesting stuff.
All right.
Let's keep thinking.
I think, speaking of blend, though, Eddie, another thing to add on to that.
I think, like, yeah, sure, there are no plays in the market.
But if we look at both, you know, Izuki and Milady's, both did really well.
Like, if you think, like, the first day, if you got in on the first day, Izuki was 15-eath, jumped to 17.
That's a 2-eath come up.
And if you had even played the game, like, you know, if you loaned that out and played it, you'd still be profitable.
And even the Milady's went from, like, 2.9 to 4.5, which is insane.
Yeah, I know Yogi made some cash with that.
But I'm assuming Yogi's in the area.
Probably not.
Maybe not.
Yeah.
What up?
You made some cash with Longy, right?
I don't think so.
It dipped a little bit.
He held too long.
God bless.
All right.
Well, yeah, that was a quick correction.
I probably, I think I sold.
I need to look.
I don't remember, dude.
There's too many shit coins going on that keep stuff distracted.
But I should have a new Izuki in my wallet.
I haven't looked.
I should.
Then I paid 15.
Oh, because you loaned out, right?
15.4.
And that was a terrible decision.
You probably have one.
I think I should.
I started it.
I started the, I called the loan like 30 hours ago.
So I should have it.
But I'm not sure.
Yeah.
No, you should.
You should probably check that.
Because the floor went from like.
Well, I'm at the champ.
So I can't check right now.
Yeah.
The floor is.
Oh, you love it.
The floor is definitely under where my loan's at.
So I'm definitely underwater.
And that's, that's all right.
I'm going to call it a tuition fee.
But let's, let's keep things rolling for now.
I do want to get into blur.
And we will.
But first, I want to talk to Witters.
And I want to talk to Habibi.
So Witters, what's on your mind?
Yeah.
So, Kiro, I was just wondering, were you asking about EtherFi?
No, no.
He, he was talking about Ether, like, at Ether, which is, well, that's the thing.
Three months ago, if he had asked that question, you'd know about it.
But since it's not three months ago, you don't know about it.
It was, like, the hottest project for a while and completely fell off the map of engagement,
which is interesting.
Yeah.
Everything has these buzzwords in the, right?
So it's, like, Ether, AI, Pepe, just, like, you know, whatever.
So, but aside from that, I wanted to tell you all the story about my Pepe, since we're
talking about shit coins.
Um, I am currently a forced diamond hander.
Um, I had sent my Pepe, so I have, like, a spreadsheet of my wallets.
And instead of sending it to my BitGit wallet in order to trade, I sent it to my BuyBit wallet.
Um, and they do not support Pepe.
Um, so I have been a forced diamond hander for a while.
I had gotten out of Pepe before it even pumped.
So that made me feel real good.
And now I'm a forced diamond hander.
So Pepe just, it ain't for me.
It's not working out for me.
I mean, it is because it's pumped significantly since I made that boop, that oopsie daisy.
Um, but I think just being careful and not being in a rush, right?
So, like, you can trade these shit coins, um, but there's always going to be something
new.
And if you're, like, running to, to do that, you make, um, little oopsie poopsies.
And, uh, in this case, it wasn't absolutely terrible, but it definitely could.
I mean, it was, like, four billion Pepe.
So, uh, it could have been gone forever.
But fun fact, uh, just, uh, and I actually got Alpha this way, um, BuyBit, uh, will be supporting
Pepe in, like, a couple weeks.
Um, but they currently do not right now.
So do not send that over there.
And that's all I wanted to say.
Buy, buy, the support.
It's gonna, you're probably gonna see it on a bunch of other exchanges.
Whether or not that means that you should be buying it, um, the market tends to price
things in very effectively.
And I would not, I would not go ahead and start rushing into these things.
But let's keep things rolling.
Habibi, what about you?
Yeah, I wanted to say two things.
One is, like, we can all be bullish on all these different projects in Web3, but we could
also understand that even if you're bullish on a project, it might not be the right time
to buy because of the cost associated with buying.
And I think a lot of the times people get mixed there, where they want to say they love
a project times a thousand, but, and then they're like, I'm bullish, I'm bullish.
But it's like, are you bullish at the price it's at right now?
Or do you think there's a dip that's a good, healthy buy-in?
And I think we lose sight of all of that in Web3.
Like, we're just always like, the gains, the gains, the gains.
It's like, you know, we got to time things a little bit more.
And then with the whole blur thing, I really like what they've implemented, but I do not
like how, how it's implemented yet.
And I wouldn't do it.
Like, it's so tempting.
But unless you know for certain on the exact day that something's pumping, there's no point
in buying it because you don't know what the rate will be tomorrow.
And so I'm more bullish if they move to not perpetual, but instead like fixed time loans
for something similar to an option or also just lower higher interest, but a real loan type
tier.
So I don't know.
We'll see how it works.
Not a fan now, unless I know there's a big pump.
I might use it, but it's so tempting to look at looking at Nozuki for 0.39 ETH or whatever.
You're like, uh, am I an idiot or, but no, it's seriously not worth it unless there's
a pump in the day.
And so I just think we need to be cognizant of just timing the market more in NFTs as well.
You could love the best of projects, but the ETH price plus the NFT might be worth selling
at that point and buying back in.
And I think we just need to be more fair with ourselves with that.
I'm going to, I'm actually, I have a type fully up on one of my computers at home, which
again, not home right now.
So apologies for the audio.
Um, and I'm going to be writing a thread on like how, on how I actually think the most
optimal strategy going forward for at least the next few weeks, if not a few months for
blur and blend will be.
Um, but that's, you know, I'm going to, I'm, I'll outline it in the space as well.
So don't worry, preview.
We're going to get to that.
Um, but first I want to say hello to at least, you know, a couple of the new faces on stage.
I see you, Jonah.
I see you fidgetal.
Uh, but I raise you one more and I have to, I'm going to play with fire a little bit.
Some sizzle.
What's going on?
Haiku milady.
How are you?
Do not trust anyone on this space.
People will say they are rich when they are poor and people who say they are poor will
lie and say they are rich.
People on here will say they will not shill a coin, but then follow by offering a recommendation
for a coin.
It's all the same.
Do not trust anyone on here.
Nobody knows what will happen.
Shit coins will go up.
They will go down.
There will be anonymous project founders who are later discovered and get into legal trouble.
Anyone who promotes shit coins on public spaces or forums is asking for trouble.
The so-called status of your profile picture does not make you any less or more qualified
to talk about anything.
The fact that you have an eight profile picture does not make you a genius.
It means you are fortunate enough to have hit the lottery or you bought at the top.
The same is true for Azuki and any other so-called blue shit profiles.
The picture does not matter.
The number of followers you have does not matter.
There should be immediate red flags for anyone on here who promotes or recommends any shit
coins.
Period.
That includes Raj who said he got a bag from Pepe.
He could be lying to get you to buy his bags.
Or he could be truthful.
But if he was truthful, then why boast about it?
It is like all the speakers and hosts on Spaces who talk about how fancy their new cars are.
I call bullshit on that stuff.
I don't have a new car.
My car is eight years old.
That was a solid take.
That was a fucking solid take.
Kudos to you, my lady.
Kudos to you.
I don't ever know how to react to them, my ladies.
Like, they're always so...
It's whack.
It's crazy.
But at the same time, there were some facts in there.
I can't say no.
Bro, the fact that he called out Raj.
That's enough facts for me.
That was crazy.
Raj had a whack experience on this one.
He talked about his bags with Pepe.
And then when Hanto called him out, he dipped.
He didn't have any response.
We went straight to him.
And he was out of this space.
He was gone.
Okay.
Well, thank you, Haiku.
You ever stare at the trash man and fantasize about having sex in the back of a dumpster?
That was crazy.
You know, that's...
Okay, so I'm going to go ahead.
Haiku, we're going to do some rotations.
And again, if we do any rotations throughout the space, it's all love and all respect.
Just request and we'll get you back up.
But wow, that was the m'lady experience.
One good take, followed by that.
No, no, I don't have those fantasies, Haiku, m'lady.
But I appreciate you for asking.
Let's keep things rolling.
I want to say...
Jesus Christ.
I want to say hello.
Eddie, what scares you more?
Shirley Lowe or the m'lady?
Oh, Shirley Lowe doesn't scare me.
Shirley Lowe is fine.
I don't mind her.
Or him.
It's probably him.
I think it's him.
And I don't mind whatever botting software is behind that and whatever space listening software is...
Like, that's obvious.
And I don't care.
I don't care where they're sending that information.
It doesn't matter.
The m'lady's, though, if I say some whack stuff, Shirley Lowe is not going to attack me.
The m'lady's might end me.
At least digitally.
So, Fidgetal, what do you think?
Are you concerned about this?
I'm still trying to figure out if those were haikus.
No, he wasn't speaking in haikus there.
Occasionally he does, but he normally...
Or I'm assuming it's a he.
But normally they'll preface and say,
Do you mind if I say a haiku on this?
And then we'll proceed to say a haiku on that.
But no, that was definitely not a haiku.
That's fair.
What up, Max?
Who's Max?
I'm calling you Max.
Max, cope.
Oh, I'm not coping.
Don't worry.
But Jonah is.
Jonah, are you coping tonight?
What am I coping about?
I'm asking you if you're coping.
A little bit, but not about tokens.
I bought this Star Wars Jedi Survivor game, and it is fucking terrible.
Really?
I was going to DM you.
Like, it's very good.
Like, hold on.
The story is very good.
The gameplay is very good.
But if you get it for PC, God help you.
Well, I was going to get it for PC, and I've got a 360 Ti.
I'm assuming that's not enough.
They patched it.
But one, it's a 128 gigabyte memory file.
I don't know what...
Like, they got the whole Death Star on my fucking hard drive.
I don't know what the fuck is going on with that.
And then it gets like a max 40 frames per second.
So, you know, it feels like playing on a PS3.
So, pretty good.
70 bucks.
Yeah, that sounds like Cope.
But it sounds like a write-off for you, Jonah.
Well, it won't be a write-off for me.
That's true.
That is fun.
No, you could do it.
Make like one video on Twitter about it, then write it off.
True.
Oh, my God.
That's brilliant.
That's how I should do all my video games from this point.
Just buy them, make one video.
Why do you think I get to buy so many games?
I make one video.
That's brilliant.
I literally put a picture.
I bought Redfall, put one picture of it on Twitter, and said,
this game's ass.
I wrote it off.
Do you know what I should do?
I should buy an NFT, and then post it on my Twitter, and write it off.
If it's a content business, yeah.
Oh, yeah.
Do you think I could write off a board ape?
Yeah, I don't think that they're going to say yes for me.
Anyway, let's keep things rolling.
Witters, what's on your mind?
I was just going to see if you've seen Shirley Lowe's, like,
the actual human.
She has a TikTok, and it has a lot of dolls in it.
That's all I'll say.
And they just drop from places.
Shout out to Luna and Allie for finding that.
But it's something.
I'll send it to you.
Just send it to me.
I don't have TikTok, but.
Witters, I need to see this.
That's bizarre.
All right, whatever.
Let's go Kiro, and then Yogi, and then we'll start talking.
We'll kind of blend the conversation towards blend.
But Kiro, what's going on?
Oh, here we go.
Let's cook.
Beans, beans, beans, beans, beans, beans, beans, beans, beans, beans.
Hey, I pop beans, like beans, I pop beans, like Eric's ass.
Sex is cool, but you never took some profits yet.
I counted more money once I started talking less.
I started doing more, doing more.
To the door, to the door.
Invites to perform, I could do a tour.
They tried to turn me down.
I told them, turn me up some more.
Big step, but I don't play around.
You better check the score.
Jack's on the record for the record.
He not regular.
Never spoken regular, and that is not a metaphor.
That's some red shit that you ain't never going to find in the store.
Hey, if you broke, what the fuck?
You going to tell me what?
This is my chest and my cup.
One K for a line of four.
And I'm finna fuck with a fucking wine and diamond pop beans.
Like Perkins is sexy, but you never took some profits yet.
No, I haven't taken any profits yet, Kiro.
Oh, is that it?
Was that the whole take?
All right, that was the whole take.
I take it.
All right, nice.
Let's go.
Bullish.
This is my ministro and my commitment to unite the Izuke and artifact communities.
To create a revolution by any means.
God bless.
Hey.
Speaking of, and that was it.
He literally left space.
That's crazy.
Wow.
What a man.
What a man Kiro is.
He's very interesting.
He's kind of like an enigma.
You know who is an enigma, though?
Yogi.
Very, very obvious what he is.
And a cool dude.
Yogi, what's going on?
Also, a demon might be having some issues here.
I'm going to go ahead and remove you from co-hosts so that I can get you back up.
Here, we'll fix that in just a sec.
Yeah.
Yogi, what's going on?
Yeah, I wanted to, you were talking about Ether earlier.
I think the 1 ETH price is a bit high for this market, as you were saying.
Like, a 10K supply for a project that a lot of us have, like, obviously people that have
whitelisted or engaged are keeping a pulse on it.
But it's been drawn out so much that I feel like a lot of that excitement has gone.
And we are in a space where no one can buy and hold for that long.
And so, like, I am generally bearish for the moment on NFTs tied to art and storytelling
and beyond.
Like, we've seen kind of the ecosystem play out with a lot of drops.
And so, yeah, I don't know, dude.
I think it's a gamble for now.
Yeah, I'm not, I'm not, at this point in time, like, I'm not super comfortable talking
about Ether as, like, a hyper-profitable thing to be seeking.
Maybe if you get on whitelists, but whenever that actually comes out.
I mean, I'll tell you this, like, I don't understand how they feel that they can charge
that.
And part of the problem, and this is just something I've noticed generally, is it's kind
of hard to push back against, let's say, like, artists.
Because, I mean, like, let's be real.
I do support artists, right?
I do like artists, ultimately.
But if, if an artist says something like, I know my worth, right?
Like, that's kind of what Vi had to say.
I'm like, okay.
I can't really push back against that, because I'm not going to say that you're not worth
what you think that you're worth.
And also, it's kind of, like, hard to objectively quantify the value of an artist, let's say,
and their works.
But, I'll tell you, it's probably not worth, like, an ETH per mint for 8,000 plus mints.
At least, I'm not so sure about that.
Like, I don't know, I don't know if Vi has done enough to justify 8,000 ETH, right?
I mean, I don't know.
Yeah, it's, it's delicate, right?
Like, you can't, like, obviously, that's extremely subjective from the viewer point.
Like, and it's like, if you want to do art, then you do one of ones or you do limited runs.
Like, doing a 10K collection, because, like, I've seen, like, there's both sides.
Like, there's honest artists that aren't, like, you know, like, royalties and that stuff
serving them.
Then you have other artists that are here for the quick flip, where, you know, they can do
the art and they do a great job, but they can't do everything else.
Like, we've seen so many projects fizzle out over the past three years at this point, where
it's like, oh, I didn't realize we had to do this, and the community, and all this.
And it's, how do you find that balance, and at what point does it, like, even, actually,
I'm going to, I'm going to hold my thoughts.
But that's, yeah.
Oh, okay.
He had some thoughts.
He still has them.
He's just holding them back.
Yeah.
No, I, I mean, I agree.
That's the part, I mean, that's part of the problem right there.
The fact that you have to hold your thoughts back.
Um, like, that's, it's, it's difficult to discuss this without being honest.
No, so Yogi has to hold his thoughts back, but I don't, I can still go for it.
And I'm going to say, you know, it's, it's been too long.
Like, they were like, you know, they, sure, it was hype at one point, and they could have,
like, done really well.
Like, but the longer they wait, and it's, it's just going to get worse.
Like, dude, there's nothing going on in the market.
Even, like, Sui launched, nobody was talking about it.
And, like, you know, the one project, Fuddy's, like, uh, you know, that minted, and they even,
they had, like, a-
Oh, that was the funniest shit, dude.
Yeah, exactly.
For those of you that don't know, Fuddy's minted, and you can, uh, you can mint them,
and you can list them.
You cannot buy them.
So, imagine a marketplace where all you can do is attempt to sell, and you definitely
cannot buy them, which is, the floor, the floor on Fuddy's has gone straight
to zero.
Like, it's been a direct line to zero, in part because no one can buy them on secondaries.
The issue here, though, Eddie, I feel like the thing with Fuddy's, like, the whole analogy
was, if Fuddy's fails, Sui fails.
And I feel like the fact that what happened with Fuddy's, like, remember when Aptos happened,
like, the first project, I forgot what it was, and it pumped, like, the Flamingos.
The Flamingos, yeah.
That pumped like crazy.
Yeah.
Yep.
But that never happened with, like, you know, Sui yet.
So, like, I don't know, dude.
It's pretty bearish for me.
Yeah, it's also, sorry, the, what's the point of all these chains?
Like, I haven't looked into Sui, but, like, these are just multiple things we're launching
to get stuff done.
Maybe Sui needs a fucking layer or two to get stuff done.
And then the edited version of my statement on the artist stuff is that, you know, the
art industry is extremely difficult, generally.
One of my friends is an art dealer and has been for the past 15 years.
And there is a lot of work that goes into it.
You know, less than 1% really kind of break through.
Web3 has enabled artists to kind of show their talents in a scalable manner with the technology
and, you know, connect to communities.
Then we had the gambling phase, and I often believe that some of that brings in, call it
misaligned incentives for people to exploit the community and what they're going into.
Because, frankly, you know, when I hear people say, like, oh, should I buy an Izuki now or
later?
Well, it's like, well, if you're buying for financial advice, then, you know, look at the
charts.
If you're buying to hold and for the art, that's a different story.
And most of us here are traders, and sadly, I would just have a day job and, you know,
throw some money to buy shit coins or whatever.
And, you know, when you hear artists like, hey, I'm here for like, I like how Gabriel Weiss
does it where it's like, hey, this is art.
That's it.
And the mint price is cheap and he keeps it open edition or you have a select few.
That makes sense.
When you're launching a 10K collection and you're trying to add the reason why it's a
10K or what the utility is, I just think that's exploitation.
And that's more of a general term.
I'm not calling any individual artist out because everyone has, you know, efforts like
even, you know, Dirty Robot with Ranga.
Like, that guy is a really good artist.
Is he the best?
Like, he doesn't get the community side and they have their own stuff going on.
And I think they're figuring it out now.
But just, you know, be mindful of what you meant.
And yeah, dude, $2,000, 10K supply, like whatever the whitelist that's free, like you
take a few out, like that's still a 10 million plus mint.
So anyways.
Yeah, I mean, especially for Ether, my concern is like, just to be specific, and we'll close
the loop on Ether in just a second, but you're talking about a project where it's mainly
led by two people, Vi, the artist, and I'm blanking, Crypto Valley CV for everything else
that isn't the art.
And he's like the main manager, I guess you'd call it like the CEO, Crypto Valley.
They're trying, they're aiming to bring in like 8,000 ETH off this public mint.
And meanwhile, Crypto Valley, all blessings to him for this, like he's still an actively
working nurse, which nurses don't have short hours.
And if you're going to bring in like 8,000 ETH, I have like some level of expectation that
it's not just about the art, especially if it's a 10K PFB project.
And you're talking about things like, we're going to blow you away, like everyone's fighting
us, but you're just going to be blown away by this project.
It's like, all right, well, okay, sure.
I don't know if I trust it.
Hey, Eddie, does, does the artist, artist's name is Vi, you said, right?
Does, does this, does Vi, uh, artists have any existing crypto art out there?
Actually.
Or like NFTs to purchase?
Because I, yeah, I guess like, I think I don't bat an eye when an artist says, I know
my value and wants to do like Hobbs did a 50 ETH Dutch auction.
Right.
And, and that was fine.
Or like if X got, because like, yeah, we all kind of know your value because you have art
that we can compare it to.
But when someone comes out in the heart of the bear market and says, I know my value and
this 10K PFB collections worth $20 million that I made the last year.
I'm like, okay, well, like, what else do we have to go on that this is what it's about?
Like the value it should be.
So like, you're, I guess like everyone's a little touchy to like, no one, like artists
can charge whatever they want.
Um, and things have gone for more than this from, from, you know, anonymous artists that
were, you know, hired by PFP teams and whatnot.
But like, yeah, it just feels, I think that like everyone's been saying, it feels like they
waited maybe a minute too long.
The reality of the market, what PFP collections are, has sort of settled in.
And, uh, it almost feels like Erky at this point, but like, if he's that talented and
the art's that good and it is an art collection, I don't know, then, uh, yeah, let's see if
they can pull it off.
It'll be a fun one to watch either way.
And to your point, one thing you hit on that I didn't mention, it's also the buyer, right?
Like if, if, if they sell out, like congrats to them and the community that bought, but then
don't come back and fuck.
That's like the other side of it.
Like, I don't blame the content creators or the project owners on that end where it's like,
if they meant out like supply met demand, it worked out fantastic.
And then what you often see is, you know, anytime something goes down, yeah, we, we know what
happens, but that's a good point.
I just wanted to give a quick reminder to the room.
If you guys are just joining us, this is the really good web three show with your host,
Eddie and demon, because, uh, Rudo has capitulated.
Uh, but yeah, we are out here, you know, we are in the trenches.
We don't capitulate.
We show up.
Uh, but, uh, again, to add on to that bottom, right, retweet the room doesn't cost you anything.
Uh, you know, we're having some really healthy debate about a lot of shit.
Uh, but what I'm going to add to that, like my issue, like my, I didn't have an issue with
ether before, like yesterday, because we have seen Walt's vault mint yesterday.
And I feel like there's a lot of the similarities between the two collections in terms of how
they've been marketed.
You have the artist that the other one that you like was well have that artist and they
got insane likes.
It would look really good.
It minted out, but now like, you know, it's just like dead.
It's there's nothing going on and people are just fighting left and right.
So like to, uh, so yeah, I'd love to hear your take on that Yogi.
Yeah.
Walt's vault's interesting.
Uh, only because I didn't hear about this until literally like four or five days ago,
I think at this point.
And, you know, I don't consider myself like in the know of everything, but I feel like
I spend enough time on Twitter, uh, and various discord groups to know what's coming out.
And what gives me concern with that one is that it's extremely based on Disney likeness.
Now I don't want to get into the IP cause it's difficult, but I don't think Disney's going
to let that just slide without taking a closer look.
And oftentimes if they do come in, you don't usually win.
Um, and so what I found interesting is that, you know, and I've launched a, a Twitter account
from scratch for, uh, uh, a media company that has a large following and I can guarantee
you it's very difficult to get the first thousand followers regardless of the brand.
And the reason why I know this is I wrote a small thread on Walt's vault, just like,
Hey, this seems shady.
Be careful.
And I got a DM from Zach XBT, which I was like, Holy shit.
He read my thread.
Like this is wild.
And he pointed out a few things.
One, they're, they launched their Twitter in January and went from zero followers to,
you know, 30 to 40,000 with five tweets.
That's a big red flag to me.
The second thing is, is that they were following Disney.
And then when we, like I wrote a thread on it, uh, Zach XBT did, they removed Disney as
one of the five accounts they follow.
So I feel like there was something going on where they were getting normies from that side
to follow because the wallet distribution looks fine.
Like I haven't found anything shady from the mint dynamics, but just optically there's
something off about it.
And not only is it that they came in and did this, the three things I didn't like is
that the price was not clear, even like two days before mint.
Like these are people watching it that had no idea what the mint price was.
They increased the quantity.
Then they decided to decrease it.
Even when they talked about how oversubscribed they were, where it's like, well, if you're
an artist and you know, you're oversubscribed, why are you cutting the quantity down?
And then it took them five hours to mint.
So whatever, but the, the, the thing that just really pissed me off is that he wrote
this thread where it's like, you know, we're artists and you shouldn't like doubt us.
And like, you need to trust us and like, you need to support us.
And I'm like, I get all of that, but that doesn't mean you can't talk about price and
like, yeah, there's like a reason to be doxxed or undoxed and you have another job.
But like, if you're going to mint something on IP, that's very closely similar to Disney and
people don't know who you are, it's just extremely sketchy.
And then the lack of communication.
You've got so many great artists in this space.
Like, why do I have to, why do I have to support someone because they're an artist?
I don't have to support someone just because they're an artist.
I want to support them because the stuff that they do is generally cool.
They're cool people.
And also their art is actually good.
Like, for instance, Phrase on stage, we had Witters earlier, two artists that I respect.
Like, that's, you know, I just, I don't think that someone deserves the respect as an artist
because they're an artist.
Or just because, like, if I don't know who you are as an artist, I don't necessarily have
to immediately respect you, even if you've had success elsewhere.
Like, that's not, at least for me, that's not my MO.
But I want to throw to OG.
OG, I know you wrote a thread on Ether and you've at least followed it fairly closely too.
What do you think?
Well, I mean, I'm not going to lie.
I've really learned a lot today because I really dove deep.
But, yeah, I mean, the mint price is kind of fucking wild.
Let's be honest about that.
One ETH mint is pretty crazy.
0.5 for whitelist.
And it's free for whitelist if you, like, do a lockup period, which is kind of odd.
I don't know if you guys actually saw.
Here, let me pull up this image.
One of the things they said about the one-of-ones, if, like, you were to mint a one-on-one, is it's an animated reveal, no lockup period, exclusive figurines for the owners, but revealed 10 weeks after mint.
Uh, what?
That's kind of, that's kind of fucking wild.
Whoa, that is a new mechanic that I've not heard of.
Okay.
Reveals 10 weeks after mint.
Uh, you know, I don't know about you, like, that's kind of wild.
I've never fucking heard of that in my entire life, but.
Sounds like a Kickstarter, bro.
Yeah, for real.
That sounds like Pixelmon paying after the fact to get the art fixed when they get the mint proceeds.
That sounds like international delivery.
That's what it sounds like.
No facts.
Uh, they're delivering that straight from, uh, Japan to the U.S. apparently, uh, but, uh, I'm not gonna lie.
Have you guys seen the art?
Like, there are a lot of, uh, art previews, uh, from, like, uh, Vi herself.
I don't know if you guys have.
Yeah.
Okay, word.
Uh, himself.
I don't, I don't know if you guys have, uh, seen that, but.
I think the art is fucking magnificent.
It's good.
It's like.
Really good.
Just to be clear.
Like, it, it would not have the hype if the art itself for the PFPs was not top tier.
Like, it, it's competitive with any project in terms of PFPs.
Eddie, I'm gonna have to counter that, though.
Like, I understand, like, the art is nice.
But, like, bro, look at Azuki.
And you compare that to, you know, that.
Like, sure, it's, it's great.
I'm not saying it's bad.
But, like, you know, it doesn't compare.
Like, compared to, like, you know, you were doing a one-year-old.
It, it just doesn't.
It's the honest truth.
And also, like, art is subjective.
It's my opinion.
You get, you know, you guys can have different opinions.
But what I also wanted to add on to that, add on to that, is, like, the main point is,
like, the hype isn't necessarily because of the art.
It's more so because of the video.
So, like, if you go back to Ether, because I followed Ether when they had, like, 3,000 followers
or something.
So, I've been following them, like, from the very beginning.
And, you know, like, their main thing that blew up was basically those videos.
They never really posted, like, the actual art till, like, the very end.
Like, recently, I would say.
And, yeah.
So, like.
Demon, you say you've been following Ether since 3,000 followers.
So, I just did a super deep dive today.
Can you tell me anything aside from the art slash videos?
Yeah.
What do you want to know?
Like, what's utility?
What's the vibes?
It's an art project.
There's no utility.
Okay, word.
That's what I thought.
Have you seen the.
I think they have a really interesting whitelist mechanic in their Discord.
They develop, like, an RPG game, sort of like Pokemon.
And, like, the winners.
Like, it's a fixed amount of winners.
But, like, the first X amount of winners that haven't announced how many yet gets whitelist.
And I've seen, like, I just looked at a leaderboard for, like, playtime.
And, like, the top five people on there have put in, like, at least 68 hours into this game.
Which is kind of fucking wild.
But it's actually really interesting.
It's called VAs.
You can hire them for, like, $2 an hour.
And they will play the game for you.
And, you know, it's Discord Grinding 2021.
You know, I don't think that works anymore.
And good luck to those guys that are grinding in there.
You guys are not going to make it.
I will generalize and say it out here.
But, yeah.
Go for it.
Continue.
Yeah.
I don't.
I'm personally not even going to fucking attempt to do the game.
Because, obviously, like, I tried to play it.
I tried, like, one run through.
And there's, like, a secret way in order to, like, make your combos hit harder.
Like, they give you, like, a plethora of emojis to choose from.
And you got to choose, like, five emojis.
And then you click, like, the checkmark.
And that, like, sends your attack through.
And I have no fucking idea how it works.
I'm not going to lie.
There's no guidelines.
You just got to figure it out.
And, yeah.
I'm not going to put in that effort.
I'm going to be honest.
But I still think it's a really interesting way to handle a whitelist distribution.
Like, I haven't seen it done like that.
I have.
I have, dude.
You call yourself an OG.
If you've been, you know, the OG.
My initials are OG.
My initials are OG.
My initials are OG.
No, no.
Your name could be anything.
You're not going to talk when I'm talking, King.
You got to respect the name.
I'm the golden fucking bean.
You know, you can't just come up here and call yourself an OG and not know anything about the OG stuff that went on in 2021.
Where were you, my guy?
But, yeah.
Go for it.
I just want to say, you know, I'm not going to fucking take that disrespect.
I am OG.
No, you are.
You definitely are going to take that.
100%.
100 fucking percent.
Wait.
Is 2021 OG to you, Demon?
We love you, OG.
I would say that's, like, the bull market of NFTs if you really, like, the grinders were out there, like, in full force.
So, you know.
That's actually crazy.
You know, I've been told I abused the mute button.
But, like, that, guys?
Come on.
I don't want to go out like that.
At least give me some opportunity to speak.
Fuck.
But, yeah.
I'm not going to take that disrespect.
I'm OG.
My initials are OG.
You know, I am OG.
Until the day I die, unfortunately.
Actually, fortunately.
But, yeah.
I don't know, Demon.
What's your thoughts on Ether since you've been there from the beginning?
I never said I've been there from the beginning.
You said, like, 3,000 followers is pretty much the beginning.
Yeah.
I followed the project.
I'm not saying I've been there.
I'm not in the project.
I don't care about the project.
You can be in there.
But, yeah.
Like, you know.
Dude, I understand there was hype.
Like, if they launched, like, a few months ago, they would have sold out, like, 100%.
I do agree on that.
There's a lot of fucking people.
Even I tweeted about them.
Like, they had the hype.
But right now, yeah.
I don't know.
That's the issue.
Like, you have to understand market conditions.
Fuddies.
Insane hype.
Everybody wanted fuddies.
What happened, dude?
They couldn't.
You can't even buy.
Eddie, you can't buy or sell?
You can't buy them.
You can literally.
You can't buy them.
I think.
So, they obviously haven't posted since last year.
Do you not think that they're going to be able to generate that hype again?
Well, I think.
Okay.
Just to close the loop on this one.
I do think that they can.
I do think that they can.
But I'm not.
Like, at some point, you have to cook while the iron's hot.
Right?
Like, you can't.
You can't let the iron cook.
Get steaming hot.
And then just.
And then just let it get cold again.
You know what I mean?
Eddie.
Eddie.
I think you strike.
It's like a blacksmith thing.
I don't think anyone's cooking with the hot iron.
Shut up.
Shut up.
I didn't ask.
I could be wrong.
I mean, you might be able to.
I didn't ask for that.
I did not ask for that.
Let him cook.
Let him cook.
From one of the artists that I had mentioned earlier.
Witters, what do you think?
Oh, man.
And I was going to jump up here and just say that I had DM'd everyone on stage.
Shirley Lowe's TikTok.
And I put it in the comments as well.
But, yeah.
I am an artist.
I am also a complete degenerate.
And I enjoy shit coins.
God bless Witters.
We love you, Witters.
And, again, to you guys in the audience, if you guys are enjoying the space,
a like and a retweet goes a long way.
Now, I want to kind of, like, shift the conversation, close the loop on Ether,
and want to talk, at least me personally.
I don't know if you guys do.
But I want to talk about Blend for a bit because I've been thinking about it.
And I think I may have cracked the code, at least mentally, on, like, what might work.
Let me just tell you this.
It is hard.
Like, it is going to be very hard to make money with Blend.
Let me just collect some, like, general thoughts first and foremost.
Guys, has anyone here tried to make a loan, tried to buy on Blend?
Does anyone here have thoughts on Blend?
Maybe Yogi?
I don't want to talk about Blend.
I've dabbled.
I've not looked into it as deeply as you have.
Okay, but, like, but you dabbled.
That's more than, there's only, like, 500 people.
Literally only about 500 people that have at all even touched it in terms of actually using it.
Did you use, you used it?
Yeah, you get the most points for giving out 0% interest loans.
And then for, you know, for the three collections.
Even then, the points aren't really worth it if you track it for a couple hours.
On the borrowing side, it's fun.
It's easy.
You know, especially if you take out the 2% daily interest, that's going to be a good time.
Um, you can, you know, I had a couple friends that made quick flips, like, made 0.1, 0.2, 0.3 ETH.
I didn't see anything crazy on, like, the buy now, sell later guys.
I think a lot of good loans got called.
If you had a bid up, you kind of got wrecked.
Because you end up with the Zookies you don't want.
And then, like you, if you're lending out and, you know, you call your loan in 30 hours, you're likely not going to pay.
And so, I would say it's like, I can't say who's breakeven right now because we don't know what the price of a Zookies is going to be.
But it's nice to see it, like, go back to equilibrium.
Like, it had the spike and it's now basically at pre-blend prices.
So, yeah, I think something to watch.
I'd rather use, I'm using Bendow for my own.
I took out a loan out on my Zookies to buy shit coins.
So, let's see how that goes.
But I like those better, longer duration, don't need to pay attention, don't need to worry what's going to happen in 30 hours.
So, yeah.
Yeah, I mean, from looking at it myself, I'm trying to figure out how you can make money with it.
And, I mean, long story short, it's next to impossible, if not, like, very hard to do so.
Essentially, they've added leveraged longs to the market.
So, you can leverage long and you have to pay a bit of a premium.
You have to pay some APR for doing so.
If they actually, if you have an APR that's over 0%, which is crazy, to be honest.
Like, the fact that people are giving out 0% APR loans on 90% LTV loans of value is crazy.
Like, no one in their right mind should be doing that on, like, houses.
No one in their right mind should be doing that on, like, real estate or some of the most immensely, like, reasonable and stable assets on the planet.
No one should be doing that for gold.
And yet, here we are, doing it for Azuki's and Milady's.
Like, as much as I like Azuki, and as interesting as Milady is, you probably shouldn't be giving out 90% to 95% LTV loans on these things.
No matter what the APR is, it's actually kind of ridiculous.
And yet, here we are, people that, I mean, frankly, no idea what they're doing.
And they're just going balls to the wall with this.
Now, I've got thoughts on where I think that this is going to start to, I guess I would say, like, find its equilibrium point at.
But before I do that, I do want to get to Kloss and then back to Yogi.
So, Kloss, what do you think?
Have you messed around with this at all?
I have not messed around with Blunt.
I probably will not.
But I am watching and studying it.
I'd be very interested to, you know, see a Yogi thread after he finishes his meme coin situation after the Suzuki thing.
Because I'd be curious how the whole situation worked out, what were the, you know, potential drawbacks or benefits.
But, I mean, in my mind, and I've said this on a few other spaces, but realistically, and you said it too, I mean, none of us are great traders.
Even some of the best ones here have gotten wrecked continuously.
And we're basically just, you know, installing a credit line to, you know, the new biggest marketplace.
Like, I don't really know how this will work out positively.
And I think that's also why meme coins are getting so much attention.
It feels like just as much of a rug in terms of risk.
So, at this point, like, I mean, all we have left is we're all just chasing profit.
I'm really curious what wakes us up and, you know, what the future experiments Blur does are.
Because realistically, they're going to have to do experiments every three to, you know, six months, depending on how they go.
Which, you actually, that's interesting.
You mentioned, like, three to six months.
So, Nucci, well, Nucci just disappeared.
But Nucci and I were in a call with Cyrus.
And Cyrus is the person who I would call, like, as the, as, like, the preeminent domain on NFT loans.
Like, the guy is aggressively involved in terms of, like, as a market participant rather than on the building side.
So, the guy is very, very well informed, right?
And he, like, he also was on a call with Pac-Man.
I want to say, like, three, four months ago.
And he asked Pac-Man explicitly.
He was like, hey, do you guys have any plans for loans?
Because, obviously, Cyrus wants to know.
Like, that directly impacts Cyrus' backs.
Because that's exactly his whole, basically, it's how he makes his money right now.
And Pac-Man said three or four months ago that they had no plans to do loans.
Or at least it was not in their short-term plans.
And here we are, three to four months later.
And it was clearly in their plans.
Like, it was, clearly was.
Now, Cyrus' thought is that, frankly, there's a pretty high likelihood that what had happened on the back end there was they looked at it.
They're like, wait, we can get a lot of money moving through here, which will make investors much more apt to participate.
And, you know, help us find ways to bring more, quote-unquote, value and utility to our token.
And while I get that, it also means, like, they ship this really fast.
And while I generally like it, it also means things like, one, the UI sucks.
The UI is actually atrocious.
And when I say it's atrocious, I'm not just saying that because I don't like it.
Like, for example, when Blur initially launched, people were like, oh, the UI is atrocious.
The UI is actually fairly good for the marketplace on Blur.
It's just that people didn't like, you know, like, the font and whatever.
It's not that.
It's the UI is actually unusable.
Like, for example, Miyazuki went into refinancing today because I put a call on it yesterday.
And at some point today, it reached a certain level in the UI where it went over 100% APR.
And because it was similar to another loan, you could not see my loan.
You couldn't because there was another dot that was covering my loan.
So you couldn't actually see Miyazuki.
You couldn't.
Like, you couldn't.
Whatever you wanted to do, you couldn't try to refinance Miyazuki that I had a loan on because the UI sucks.
That's a massive problem.
You can't have things like, like, if you're going to move 10,000 E through something in one day, which they move 10,000 E through it, it better not have a UI that sucks.
And theirs, frankly, at this point in time, sucks.
Now, notably, they do have a solid team.
They do move fast.
And I expect them to at least, like, put some work into fixing it.
But if they don't, that's kind of – that sucks.
Like, it's really tough to use it from just a purely UI perspective.
And that's, like, the kind of thing that comes out of rushing products.
And I feel like this one might be, you know, a three- or four-month product that came along.
And it's clear that it wasn't ready as of April 1st for one reason or another.
So I don't know.
I don't know what was or wasn't ready.
And I still have more thoughts on it.
But first, Yogi, what do you think?
Yeah, no, I think they see where the market's going.
Like, NFTs are going to go beyond JPEGs.
And so I get why they're building.
It's a bear market.
It's the perfect time to experiment.
They also have a board and an investor group that likely knows where, like, the commodities side – because, like, one of the companies I was working with launched a commodities NFT, like, where you can – like, the NFT is a call order on rare earth minerals that are being mined in Greenland.
Like, very random.
I'm not going to get into it.
But you have to – it has, like, securities checks because that falls into the CFTC world.
But, like, there are a lot of use cases for this stuff to come out.
And so I think they have an idea of what's happening.
And for them, it's a good way to experiment with JPEGs.
The UI is obviously not for the average person.
I saw someone tweet, like, well, I onboarded my normie friend and I took him to Blur.
I'm like, you're a moron to do that.
Like, if you want to onboard normies, go to OpenSea.
Like, why would you take them to Blur?
It's not meant for normies.
It's very clear from the get-go.
And I think over the next couple of months, we'll get to see, like, who actually makes money on these products and how they work.
Like, I think this is literally just quick, easy iteration experimentation on the product.
And three things I wanted to mention not related to Blur.
There is an interview with Donald Trump Jr. and BitBoy Crypto.
No way.
I'm going to go watch it.
Yeah, dude.
I'm going to go watch that because, like, I don't know if, like, does that mean we're back?
I don't know.
The second thing is – and I'm not endorsing any of these individuals.
I'm just saying that's out there.
The second thing is the – there's a guy, Robert F. Kennedy Jr.
He is the nephew to our beloved JFK who has had some controversies.
But he is also going pro-crypto.
He's going to be at the Bitcoin conference.
I just kind of see that.
Yeah, dude.
He's come – he did a very – actually a very well-written thread about what Bitcoin and crypto means for the general public.
So I would check that out.
So he gets a lot of flack because he's an anti-vaxxer.
But if you look at his crypto stuff, that's the only thing I'm saying there.
Is he running for the Democratic nomination?
Yeah.
That is such interesting positioning.
Wow.
Yeah.
He's not going to win because he's got a lot of baggage, sadly.
But what is interesting is he has come out with 19 percent polling, which I think is two reasons.
A, he's – like, people don't want Biden to run.
He's 82 – he's going to be 82 years old when he gets elected, which I don't think any of us want.
And then he's like – he's more middle line.
He's coming out as a moderate.
So I don't know.
Excited to see some competition.
I'm hoping somebody under 50 wins presidency, but I don't know who that would be.
And then the last thing – I just was just bothering me.
I needed to bring it up.
Jonah, we told you not to buy Star Wars for PC, my friend.
So that's all I had to say.
Rest in peace, Jonah's – Jonah's ground.
I'm in a much better mood.
I was on a – I was – I'm not going to lie.
I was farming your space the last 30 minutes.
I was on a phone call.
I don't care.
You can – you farming your space – I just spoke to a game company – I just spoke to a game company not out yet.
They haven't announced anything.
They already raised 50 million, and they already have 4 million followers on TikTok, and they're a Web3 game.
And this thing is going to fucking pump.
Yeah, Jonah kind of –
Yeah, where's the alpha?
You can't just say that shit, man.
I just – I just acquired – I just acquired five beta spots for our community, but we're going to do some other stuff.
But it was very impressive.
It was very impressive.
Okay, cool.
Well, now I know what to look for.
Five beta spots.
Great.
No, you – until they announce, you probably won't know, but we'll probably report on it.
But I was very – assuming – I didn't – I thought they were bullshitting until they showed me the TikTok channel.
And it was so crazy to me because this TikTok channel was actually recommended to me without ever knowing who they were.
So, very impressive.
All right, well –
I'll tell Hantau in secret when we play A-Fix.
Oh, shut – that's trash.
Trash take.
Well, I guess I got to play A-Fix with you to find out, which I hate A-Fix.
Let's play some Call of Duty instead.
But so, on Blur for just a second, I will say I've been thinking about it, and I think this is – for anyone, especially a lot of you Azuki guys out there, which I am too.
Well, apparently I think as of today I will be an Azuki guy.
I'm probably going to look to get out of that and find a better entry, but we'll see.
So, here's what I think after looking at it for a while.
One, it's going to be basically impossible to be profitable with loaning.
Like, explicitly, just making, you know, off of interest and whatever.
It's not going to happen.
At least in my opinion, it's unlikely to be reasonably profitable just via the interest because, like, maybe once it's not incentivized via Blur tokens, it will be profitable via interest.
But while it's incentivized via tokens, people are ignoring the interest and trying to farm the tokens, which means that they're going to just, like, always be a better loan at a lower interest rate, if not zero.
So, I don't expect people to actually make money off the loans, just plain and simple.
And then from, like, how do you actually make money then?
So, if you can't make money off loaning, how do you actually make money with it?
From the borrowing side, like, if you're going to be borrowing, generally, you're looking at very quick in-and-out type plays, and you just have to be right, frankly.
Like, most of the time, you're just going to actually have to be right when you make your moves, which most people aren't.
That's just, the market will find a way to piss off as many people as possible.
It always tends to do that.
And when I say that, it's probably going to make a lot of people, you know, a lot of people are going to lose money.
And that's not Blur's fault.
It's just, like, these traders would have lost money on another trade, likely, anyway.
It's just that they're so happening to lose it in this mechanism.
Now, how do you actually do something that makes money?
So, what Yogi alluded to, or what Yogi actually explicitly said, is that you're not going to make much money off of Blur lending points.
Because, point-wise, it doesn't really track too well in terms of generating points.
At least not really any better than Blur bids.
Like, bids do really well for points.
And if you're going to have that much ETH, if you're going to have ETH at risk, let's say.
Like, if you're going to have the risk of a 95% LTV loan at 0% APY, then you might as well be Blur bidding.
Because you're essentially experiencing the same level of risk.
And Blur bidding provides the similar, if not much better points.
So, if you're just looking to point farm like that, use the Blur bids.
But, how do you actually make money?
There's, in my opinion, two ways on the lending side, and one or two ways on the borrowing side.
On the lending side, you have to have insane capital.
And I'm talking like 300 to 500 plus ETH, if not like 1,000 ETH, in your Blur pool.
And you have to be going pretty aggressive with this.
You have to have, like, very consistent loans at the ready.
Probably at, like, 11.4 ETH, let's say, on Izuki, where Izuki's sitting in the 15 ETH range.
Probably something very, you know, like 60% LTV, if not lower.
And then have that at 0% APR.
Or keep it at, like, 30% APR.
Or keep it at, like, 5% APR.
Which no one's going to take that.
But it's sitting in a range that's still generating you points.
And with 500 to 1,000 ETH in backstop volume, it will, I mean, like, with that much ETH,
even though you're only getting, you know, a fraction of a point per minute with each one,
with each of your loans, you have so many loans out that it will just passively generate you a lot of points.
And if you combine that with general bidding, that's going to generate you points.
But if you're trying to make money with interest, it's not going to happen.
If you're going to try and make money by, like, having these loans out, it's unlikely to happen.
And every time that you get caught, like, every time that you get caught,
if you get caught with a blur bid, that's three hours, I think, that you're basically locked into that.
Right?
If you get caught with a blur loan, that's 30 hours that you're locked into that.
That's 30 hours that your ETH is not helping you out.
So, realistically, like, you're talking, not 30 hours, that's actually 50 hours, because it's 24 plus 30.
So, it's a long time.
Realistically, that doesn't look super optimal.
Now, what actually could work?
If you think, like, this is kind of effectively how you can almost either short the market or try to beat it by a little bit.
So, if you think that, let's say, Azuki is going to go from 15 ETH to 14.5,
you can try and put out a 14.4 or 14.3 0% APY loan and hope that someone takes it.
And someone will probably take a fairly high 0% loan like that.
They'll take it.
So, you call it at 24 hours, and then you wait.
And you hope that by the time that you get the Azuki, because it's unlikely that anyone else is going to pick that up,
you hope that it goes to, let's say, 14.7 or 14.8 ETH, and you get it at 14.4, and you can make a healthy flip there.
Like, that's, realistically, that's the only way they're going to make a lot of profit off of this.
And, to me, there's so much risk involved that that's not something I would recommend many people, if any, to partake in.
Because that's, like, that is very difficult to predict, because you're talking about very small ranges here.
Realistically, I'm not seeing this as, like, a super profitable play for many people, if any.
But I will say, and I'm only going to say this once, and this is a recorded space, okay?
So, maybe you can come back and listen to it if you want.
But here's where I think that the actual money is going to lie here.
And here's who's going to make, like, here's who's going to make the most money with these loans.
Blur has indicated that they are very, very much interested, or at least likely going to, allow people who take the loans,
like, borrowers of said loans, to claim airdrops that come from, like, from holdership.
Now, what I think is probably going to be the best bet are people who are good at anticipating
and structuring themselves around potential airdrops.
So, let's say if you anticipate an airdrop is going to be 3 ETH, okay?
You anticipate it's going to be 3 ETH, and you're like, I think every NFT that I hold from this collection will produce 3 ETH.
That means that any buy now, pay later, that you can get for under 3 ETH will theoretically be profitable.
And the best, like, people that will take advantage of that, be able to do as many buy now, pay laters as possible,
under 3 ETH, and then just either let the NFT default, or if you're lucky, maybe the price goes up or stays roughly even,
and you can save your money that, you know, maybe you didn't, maybe you don't get liquidated,
but even if you take a slight haircut, plus the 3 ETH NFT airdrop on top of that,
those will be the people that cook the hardest with this.
And in my opinion, that's, like, the biggest, that's the biggest benefit here.
On the lender side, a lot of people are going to be farming for points,
and the best strategy is probably going to be bid farming as well as blur farming,
bid farming as well as loan farming.
You have to do them in tandem.
You can't do one or the other because you're not getting enough points with just lending.
That's not going to work.
So on the loan side, you're looking to generate points for the blur airdrop.
And then on the buy side, you're looking to probably either do a hyper-quick flip,
like less than a day or two, or you're looking for, like, the airdrop and airdrop hunting.
And in my opinion, that's about the only reasonable options you have.
And I think you, I think, I will say this, I think you can actually get some pretty good exposure long-term
to some of these NFTs by doing higher, higher, higher initial payment while at 0%.
Like, I think if I were to do, let's say, I think if I were to do something where I say do, like, 5 ETH initially,
if I put 5 ETH initial, which is roughly 30%, that means that the other, that the loaner only has to loan 10 ETH.
And it's unlikely that Izuki is going to 10 ETH anytime reasonably soon,
which means that they are unlikely to call the loan.
So I can get basically indefinite exposure to the upside of Izuki for only 5 ETH.
And they're unlikely to call it for a while because blurs 0% and all that is going to keep, you know,
some pretty active bids.
And I think, I think if you put in 5 ETH, you could, let's say, Izuki's 15 ETH,
you could give exposure to 3 Izukis, probably indefinitely, near or at 0% APR on the loan.
And that gives you a lot of exposure to both their upside, if they have it,
because I think they will have upside there.
And also, too, if they have an airdrop at any point soon,
you'll have 3 Izukis in your possession nearly indefinitely.
And I think, like, I'm going to write a thread on this and my thoughts on this,
and it's going to be much more clear.
But from my, like, from my limited experience and looking at this for the past day and a half,
two days, and just thinking about it nonstop, like, how do I actually profit off this?
Because, again, you're not profiting off the loans.
Like, the APR is just not profitable.
How do you actually make money?
In my opinion, that's how.
Hopefully that was helpful to someone.
So, Ness, I'm going to throw to you, I want your thoughts.
I'm just shocked that some of you guys are logging on to Blur every day.
That's kind of the most breaking news out of all of this.
But, honestly, you kind of nailed it.
There's, like, very, very little edge right now in the NFT space,
and even on Blend, which is kind of brand new.
Usually new things have a little bit of edge.
There's just very, very little edge on Blend that you can,
if you're talking about, like, you know, the eardrop play,
there's probably one project that everyone's thinking about
that has an anticipated upcoming eardrop.
And, you know, maybe it's three years, maybe it's more, maybe it's less.
But, like, that isn't super exciting, right?
Like, that's, you know, it's a month away, I think, right?
The June Izuki thing.
So that's, like, the only kind of play which we're thinking
might make sense on Blur's, like, brand new big product.
I don't know, kind of bearish for me.
But, yeah, unless you're kind of Blur farming,
in which case you need lots of capital
because you've got to tie up a lot of capital to make these loans and stuff.
It just seems like there's just, you know,
very little edge for the average person,
which is why only 500 people have used it.
And I kind of would love to see, of those 500,
how many use it again next week and again next week
because it's probably going to be down to 100, 150 wallets
who are the main Blur farmers.
But, yeah, I don't know.
To me, it hasn't been that exciting
because there's just, unless you kind of bought, like,
you know, a m'lady early and you can flip it for 0.5.
But now to put out, like, 14 ETH to make 0.1 or 0.2 on an Izuki flip,
that doesn't, like, doesn't do it for me right now.
So I haven't done anything.
I've looked at it, but it doesn't make sense for the average person.
It doesn't make sense for the average person,
nor does it make sense for, like, the high-end hyper trader.
It actually just doesn't because from a Blurpoint farming perspective,
you are, if you get caught in one of those loans,
whatever ETH goes into that loan is locked for 54 hours.
Like, you're not getting that out for 54 hours.
And if you put the same amount of ETH into a bid,
you're locked for three hours.
Like, it's not, it's not, and then you're not getting compensated
with vastly more lending points for doing so.
So from, like, a, from a trader's perspective,
I just don't see the value.
And I think, like, it's frustrating because you're seeing it still lead to
kind of ludicrous levels of, it's leading to ludicrous levels of farming.
But realistically, it's not worth it.
Like, it's not worth it at all, at least in my opinion.
And I, I've just not, I've just not seen it there.
And I'm worried that, like, what, what could be an excellent product
is just kind of being overshadowed by the fact that it's just, like,
it's so hard to use and be profitable.
Like, there's, there's no, like, Cyrus has 3,000 ETH out.
How do I say this?
Cyrus has 800 ETH out, excuse me, 800 ETH out.
And he's going to make 16 ETH off it this month.
Like, some of the top traders on Blur have 3,000 ETH out
and are going to barely make two.
And that's just, like, that is sad.
That is sad.
And all that ETH out, that 3,000 ETH plus that's currently in loans,
all that ETH, none of it's producing points.
So I, I'm, I'm like, I'm not sure how this is going to be,
how this is going to play out.
But it's, it's not too tantalizing of an opportunity,
if you're going to ask me, to be honest.
I don't know.
That's just me.
And that's my ramblings.
That's, like, my thoughts on Blend and, and how,
how I think that's going to play out.
Ultimately, I think the market's going to adjust.
And I'm curious how things are going to lie in the next three to four weeks
as people realize how bad this is from a Blurpoint farming perspective.
And also how bad it is from just, like,
a profitability perspective on the loans.
I'm not, it's, it's, if it's good for anyone,
it's good for the borrowers.
But it's only good for borrowers in certain circumstances.
I really think that their biggest problem is their incentivization.
Like, if they remove the incentivization,
it would be healthy and generally a good, like, a good product to use.
But, I mean, we know that's not going to happen.
So, we'll see.
And also, the UI results.
Yeah, Blur kind of loves to, Blur kind of loves to, like,
incentivize, like, not normal trading, not normal activity, which is,
I don't know if that's, like, the healthiest.
I guess it's just all about, for them, market share, market share, market share.
But they're just, like, incentivizing people to do things just for points
that they wouldn't ordinarily do.
And it's just kind of, people are willing to take massive losses for these points.
Just, I hope it all works out for them.
But I don't know if it will.
It's just, like, you know, you're putting out, like you said,
thousands of ETH to make, like, next to nothing.
Like, even if you count in all the blur points you might get,
surely there's better returns out there.
So, I don't know.
I don't know.
I don't know any of these farmers personally.
So, I don't know what their strategy is.
But to me, it makes, it's making less and less sense as this plays out.
It doesn't look amazing right now.
But I'm certain that, like, at least once the market resets a bit on this,
I think there's going to be opportunities that open up.
So, I'm not, like, running away from it myself.
As I said, I really do think that opportunities will open up
as the market cools off and realizes how ridiculous they're being.
But even when it, even if it, even when it cools off,
I still think even then, it's, like, the better play will oftentimes be
putting your ETH probably into, like, a pool on Paraspace, to be honest.
And not worrying about the peer-to-peer loans or managing that.
Like, you're probably going to get fairly similar returns on an APR perspective
without, you know, without the risk of having to manage, you know,
potentially a lot of frustrating loans, frankly.
At least that's how I think about it.
Eddie, to add on to that, like, what you were saying about, like, you know,
what Blur has with Blend.
So, another issue with the whole, like, the lending thing is,
if you think from a borrower perspective, like, people like that
would usually go lend some, I mean, borrow something and buy, you know,
buy, let's say, an Azuki.
But the issue becomes is, like, you don't have access to the asset
and you cannot, like, do anything.
Like, you cannot go to the server.
You can, like, let's say there's an AirBrop.
You're not going to be able to get that.
And you do not get any of the perks.
It's basically, like, you know, you're getting, you're going to a car
dealership, you're getting the car, and they're basically going to keep
the car, and they're going to say, like, you know, come back.
Like, when you pay us, then you can take the car.
But, like, dude, you did not buy the car.
Nothing happened, right?
And that's exactly the analogy I see here.
And, yeah, and that's a big issue.
And another thing I feel like is what's going to happen with this whole thing,
like, if they really play, like, you know, once this gets played out,
is all the major whales that the people with the money, like, when they're
loaning out all this money and they actually use the points right and they
start getting the points, one issue that's going to happen is, like, the little
guys, that all these guys, there's been so many people farming, you know, they're
basically not going to get any of it.
Like, you know, there's going to be a major shift in the point balance.
Personally, that's what I feel like.
And as days go by, and I think this whole thing literally does help the whales if
they, like, you know, like, the way the whole thing is structured.
Like, you know, if you look at the loans, the interests are fucking insane.
Like, it's just absolutely insane.
If people actually start paying that, like, you do realize it's a lot of money.
Like, on a, like, a 15-eath loan, on a daily basis, you're probably paying, like,
0.3 or some stupid shit.
Like, you know, that's a lot of money.
And people don't realize.
Like, and making it so, like, seamless.
Like, I understand where you're, like, coming from a trader's perspective.
But I'm also, you know, you have to consider from, like, a user's perspective.
Like, people are just like, okay, they see it.
Like, okay, you know, someone who's not that savvy.
And they see it, and they're like, oh, hey, I could get an Azuki.
But you're seeing that, you know, you could pay 2-eath to get it.
But the issue becomes that, you know, you see, like, oh, it's 6% or 2%, 3%,
whatever it is.
But people don't realize, like, how much that is.
Like, they don't show numbers.
They don't show nothing.
It's too easy to do something like that.
Like, that should not be, like, out there.
Like, I understand it's a bear market.
People are, you know, they can test things out.
But this is, like, really, like, this should not be accepted.
Like, you know, given to the masses.
Like, just like that.
Where people could really lose a lot of money, dude.
You know, like, because the other day I was in a VC.
And it's, like, two guys, they're literally like, oh, yeah, bro,
I'm going to buy an Azuki right now.
I'm like, what do you mean?
They're like, oh, if you go, like, if you get 4-eath,
you could basically get it for 0%.
But the issue becomes that people don't understand is within 24 hours,
you're basically looking at, like, you know,
if the person says they're going to call back the loan, you lose it all.
You're going to lose, like, everything because, yeah,
within six hours they're going to try to match it.
Like, dude, on my Azuki loan, right, like, here is the crazy thing, okay?
On the Azuki loan that I put out, I, I, I, hold on, I'm blanking.
The way that I structured it, right, if, when I called it back,
what you needed to do is you need to pay, like, 15.4 ETH to me to get the Azuki.
Now, if the guy did that, he would probably be losing, you know,
somewhere in the range of, like, 0.1, like, he would lose a little bit of ETH there for sure.
He'd be losing some ETH, but he wouldn't be losing, like, the 1.2 ETH.
He'd probably be losing, like, 0.8 or something like that,
which means he definitely should have bought out the loan,
but he didn't have, he didn't have the ETH on hand to do it.
So he was longing an NFT that he definitely couldn't buy.
Like, if he has less than 15 ETH, he, he shouldn't have been doing that,
and he's losing, he just lost, like, 1.2 ETH.
He has less than 15 ETH, and he just lost 1.2 ETH because he has no idea what he's doing
on the loan that I put out.
And it's like, that's not really my fault.
So, sorry, bro, like, you probably should have taken a second
to understand what you were doing before you pulled a ballsy move like that.
But, man, like, I will say, I agree with you.
You know, while I do like the market having more options
and let the market do as it will do,
and if people are going to make mistakes, let them make mistakes,
but at least, like, have a little bit, one, clear of a UI
so people understand what they're actually getting into
and what's actually going on.
Two, the terms and conditions that they provide are, like, they're not,
nowhere does it say that this is, like, a fairly risky business
to be participating in.
That would have been, having at least, like, one disclosure would be nice.
Literally, bro, like, at least something.
Like, it's too easy to get that.
And the issue becomes, like, you know, people will buy it.
And I think, like, one thing that's not been spoken of is, like,
if you look at the past couple of weeks, like, you know, people say,
oh, engagement is down, da-da-da-da.
It is down because, like, people are getting wrecked.
People are not in the wreck.
They're getting wrecked.
They're really getting wrecked.
Like, bags are down bad.
Everyone is down bad.
Like, yeah, sure, shitcoins are, like, plays, but let's be real.
How many people really are making it out in the shitcoin?
Like, a very small handful of people.
Like, you lose way more than you make money.
But, yeah, sure, like, you will make money.
You really do need that one, like, big one for that come up.
But, like, again, it's, like, really, really risky.
It's basically like a casino.
You never know when something's going to cook, something's not going to cook.
But, oh, before I forget, like, speaking of shitcoins, token sniffer.
So, like, if you guys don't know, that's another site called tokensniffer.com.
What you can do, like, if you go for any, like, if you look at any contract,
like, anything that's a shitcoin that's coming out,
if you put the contract address in there,
it literally identifies all the things that you should be looking at with,
like, indicators.
And it's free.
It's, like, literally out there.
You can just put the address in there.
It just pulls everything up.
So, like, if you do, like, you know, because a lot of you, like,
we're, like, oh, be safe.
A lot of you are just going to do it anyway.
So, if you do, like, try to get into anything,
make sure you check it out with Token Sniffer.
What it really does is, like, really shows you all these things,
like, with a bunch of, like, indicators, scores,
and it really lets you analyze the whole thing.
So, like, you know, better be safe than sorry.
And, yeah.
And you know what I'll say as well?
You know what I learned?
I'm going to throw to Cancer in a second.
But you know what I learned in the last day and a half,
two, three days or so about Twitter spaces specifically?
Jonah's been talking about this, and he's totally right.
All you need to do to be considered an expert in crypto is read.
I read, like, three to four pages total.
Like, that's all that really took.
Like, of the Paradigm Blur white paper,
the white paper that was posted on Mirror from Blur,
and just, like, their tweets.
And that's what I read.
Probably a total of, like, three to six pages worth of documents.
I read it, and I just, like, basically repeated it verbatim
to people on spaces.
And I was getting invites left and right.
Like, everyone was like, I need you on my space.
You are the expert on this topic.
And I'm like, I just read what they said.
I'm not, like, particularly an expert in this field.
I just read it and actually understood it.
And it's like, it takes, that to me was indicative of the fact that, like,
a lot of people here have opinions,
and not a lot of people here are actually trying to put in any level of research.
And I'm like, guys, take a moment.
Take a moment to research these things
before you start putting hundreds of thousands of dollars towards it.
But, Cantor, what do you think?
Like, I mean, I agree.
I mean, obviously, I'm limited to what I can say due to, you know,
financial and legal concerns.
But what I can say is, like, when it comes to educational purposes,
you know, people tend to see white paper.
They tend to see write-ups.
They tend to see some type of analysis or a thesis or what have you.
And, you know, they glance through it or they just see that it's there.
They don't really dissect it.
They don't even really fully read it, right?
And I think that's a huge concern.
You know, the information is out there, just like you said.
It's just people are not willing to spend the extra hour or 30 minutes to, like, dig through it.
The other thing I was going to say, too, is in regards to there not being, like,
an obvious disclaimer or disclosures or anything of that nature on the blend side of things,
I think that that is definitely a concern.
You know, when I was taking the Series 65 and stuff like that, like, it was pretty obvious that when you were doing some type of options trading or at least offering or issuance,
you basically wanted to be showcasing, at least with an asterisk with a link towards a full description,
but at least, like, a TLDR description of what you're doing, right?
Like, if you were to go to the CME and say, hey, I want to buy a 3x, you know, option on Ethereum,
you know, when you do that at the CME, there's going to be a huge amount of paperwork that explains what you're doing,
what you're getting involved with, that it's not fully regulated and this and that, right?
I'm just kind of surprised that from what I've seen...
Dude, Panther, there isn't even a key on the UI to tell you what the different colored dots mean.
Like, you have to figure it out.
It doesn't tell you what the orange means, what the gray means, what the green means.
Okay, okay.
So, Eddie...
You have to just piece it together.
So, that in itself, right, has less to do with legal implications and more to do with education of their users, right?
It's legitimately, if you are giving out, you know, some type of legend of what everything means,
okay, then that's part of the education.
Maybe they should have gone out and spent maybe 10 or 20 grand on doing, like,
some type of small marketing campaign with visual assets that educate on the UI, then I get it.
But if there was no education on the UI or UX or any of the legend or anything of that nature,
let alone the disclaimers or any other legal jargon, you know, I can't say anything for sure,
but it definitely isn't a great look, is what I can say.
It's just kind of odd to me that that would be the case, especially with some entity that has
not only quite a bit of exposure in the scene and knowledge in the scene, but, you know,
from what I gather, pretty good funding.
And let me tell you this, like, this is coming from someone that I like Blur.
I actually do, like, a lot of people hate Blur.
I like it.
I've liked it since the first day I started using it.
It's just like, now, using this specific product that they put out is just so frustrating
because I'm recognizing that it's like, this specific one is broken both in terms of the UI
and in terms of the incentives, like, on this specific one, it is so difficult to use it
in any way that actually makes sense to what would be a healthy market, and that just frustrates
me, like, I, because I like, I really do like it, and I can see some serious value in it
without, like, if they, if they fix the UI so I can actually see what the hell I'm doing
and understand what the hell I'm doing and other people can see and participate in it
so that when my, when my Azuki goes into refinancing, someone else can actually go, like, buy out
that loan because they can literally click on it, which is crazy.
Like, the fact that they can't click on it is crazy.
Man, it's like, I'm so heated over this.
And then, of course, from the incentive side, the fact that it's just so, like, impossible
to make money with it from, with the actual mechanism in which you're supposed to make money,
they literally advertise it saying, oh, yeah, you should be able to get higher APRs
than in most, most DeFi protocols.
No, you can't.
No, you can't.
Not with that shitty incentivization system that's really not helping that out.
Like, the products, the product is solid, but it has so much work to do, and it's got
at least 180 days of incentivization left before it's actually usable.
And that's, that's frustrating.
Pale, what do you think?
What?
Buckets, buckets, sorry.
Yeah, yeah, yeah.
How's it going?
It's going well.
I just think that, like, at the end of the day, like, we should be at least a little happy
that someone's trying to push the envelope in any form, you know, in any way.
First start, first start.
Like, we get, you know, like, we get stuck in the nitty gritty.
Like, they just rolled this shit out.
Like, give it some time, I guess.
But, you know, at the same time, like, they might have to, like, release something else
in the next three months, right?
So, that's kind of the problem, is, like, they keep on releasing something, and then
they need time to actually perfect it.
But by the time it's perfected, they're moving on to something else.
You know, I'm happy that they're kind of adapting with the times, and, like, they work fast because
the space moves fast.
But when you release a product and it's not up to par, by the time it's up to par, you're
basically pivoting for the third time.
So, I think it's cool that someone's taking a risk, something for us to even talk about
on Spaces.
So, I'm grateful for that.
And if they succeed with this, it's great for the space.
Even if they fail, it's still good for the space because at least someone's taking a risk
out here.
And I agree with that.
I actually fully believe that that's why I'm so heated, because I think it's a good
product.
Like, I think what they've put out is actually genuinely good and good for the growth of
the space.
I believe so.
But my problem is, like, they added a few extra things to it and also didn't perfect
a few extra things to it, which is really hardcore limiting how good it can be.
And eventually, I think it'll be fixed, but not before it spends, like, months in problems,
problems, in my opinion.
And, like, that's my problem.
My problem is that the UI limits it in terms of its usability and the incentives screw it
over for probably the next six months.
It's at 180 days until, you know, the governance comes due.
And from what I can infer, that means probably 180 days of some level of incentives.
And that, to me, is just like, man, come on.
You know what I mean?
Like, I'm annoyed that this excellent product that they put out, because they are a good
team that ships really good stuff, and their development and their ability to create, like,
actually excellent software is essentially unmatched in their sector.
But they're kind of hamstringing themselves, in my opinion, outside of, well, they're going
to be profitable as hell, because, frankly, this is going to pump the token price, because
they're going to attract so many investors, because they get to say, hey, we're the number
one lending platform and the number one marketplace.
So they've got two narratives that are pumping them right now.
I get it.
But the fact is, like, they're limiting the quality of their product, at least as of right
now, I think that's going to get better, especially on the UI side.
I see the UI, you know, advancing probably fairly quickly.
But from the, and they actually, like, commented on a thread, like the Blur team commented on
a thread I put out, noting, like, thank you for the feedback.
We're going to take this, which is great.
But I'm not confident that the incentives are going to change anytime soon.
And the incentives are limiting the actual profitability of it.
And the reason that someone who's, like, a serious investor would actually want to use
it for.
And when they say things like, hey, you're going to have opportunities for great APRs
here.
No, you're not.
Not with your incentive structures.
At least, you know, that's what I've seen thus far.
Maybe the market will change in the next few weeks and months, but I'm not certain about
that.
Either way, let's say hello to some of the other faces we've got on stage.
I want to say hello to Golden.
And I also want to ask Nucci about the Black Moonbird, because that's got me confused today.
I've seen a few of those passing around.
But, Golden, what's going on tonight?
Not too much.
What's going on?
Clearly not that much.
I'm just ranting about Blur.
But we're having a good night.
So what are the next projects on the Blur thing where you can take out, you can do the
buy now, pay later thing?
Well, they've not announced, and apparently, I'm not even sure that's going to leak, because
we talked to Location two nights ago on this space, and we were told by Location that they
didn't reach out to anyone.
They just, like, did it.
So Izuki had any idea.
I find that very hard to believe.
Location said as much.
I mean, perhaps he's, I would, I would say, you know, maybe he's, I would, I would be
okay with you considering that to be, you know, a difficult thing to talk about.
But the Miladies, there's no one to really reach out on that.
So, like, I wouldn't be, like, I don't, there's no one that they can really reach out to for
the Miladies.
Maybe the Punks, they reach out to Yuga in some capacity.
Maybe Izuki, they reach out to Zagabon in some capacity.
But with Miladies, who are you going to reach?
So, I'm not, I actually think Location's fully telling the truth on that.
Sure, yeah, it's possible.
Who knows?
He knows.
I don't know.
Interesting.
Well, it sounds like a great, great discussion.
Well, thanks for contributing to said great discussion.
Sorry, I'm tired.
I was hiking in the Rocky Mountain Park today.
It was a beautiful day.
And how'd that go?
Good?
Yeah, it's beautiful.
I mean, that genuinely feels good?
Yeah, it was, no, it was great.
It was first time trip.
Didn't touch my phone out there.
I have no idea what's really going on the last week.
And that's perfectly okay.
That's nice.
That's, that seems very pleasant.
Much more pleasant than my incoherent rambling.
Captain Dabton, what about you?
Hey, guys.
Um, people are selling their apes for Pepe.
And I'm freaking out.
I am underexposed.
And I don't know if I should sell my ape.
Sell it.
Get rid of it.
Who needs it anyway, right?
They're all going.
They're all going to zero.
It's Pepe season.
Well, Noochie, what about you?
Um, I'm curious, Nooch.
So I might be rugging.
Give me a sec.
Tell me about the Black Moonbird.
Yo, I'm in bath time.
I just shut the water off so I can hear you, uh, not bathing myself.
You said, tell me about the what Moonbird?
The Black Moonbird.
Oh, uh, I don't know what's going on, but apparently Gremplin and Marlo and Grib, those
three artists, have been pumping these out all day for people.
And, uh, I just thought they were, I think they looked badass.
And I asked Marlo to make one and she, she spit this out like a half an hour later.
She's an amazing artist.
They're all, I mean, Gremplin is, you know, thank you, Matteo.
Yeah.
He's getting his feedback into the group here.
But I just, I don't know what the deal with him is.
I haven't been in the Discord at all.
I just shot Marlo a message and asked for it.
And I think that looks super cool.
So let me go and finish bath time.
Um, I'll be honest with you.
Uh, I can't hear Nucci any longer because I've, I've swapped.
Um, can someone else speak so I can see if I can hear someone else?
Hello, hello, yo.
Okay, bless.
Uh, Nucci, you want to say one more thing so I can make sure that I just can't hear you?
All right, thanks, Nucci.
That was very useful of you.
We got the Black Moonbird.
We'll keep, we'll keep things going.
Oh, man.
Frustration.
Anyway.
Uh, let's see.
Well, I'm, I'm curious, Jam, if you know what's actually going on.
Uh, and maybe I can hear from you since I can't answer the Nucci.
Wait, Eddie, can you hear me?
All right, well, I can't hear anyone right now.
That's frustrating.
Oh, no.
I'm going to have to, here, I'm going to, I'm going to do, I'm going to do the quick, uh,
I'm going to do the quick pass, passport mode, or flight mode reset.
Wait, can you not hear Demon?
No, not at all.
I can only hear you.
Oh, God.
Oh, no.
Is anyone else, can anyone else talk, just so we know, it's just, like, Demon or a couple
other people?
I'm here listening while I play this game.
Yo, everyone else is good.
All right, so, Eddie's gone.
Uh, yeah, so, it's just going to be me now.
Uh, I'll be, uh, rambling about stuff now.
Okay, I'm, I'm leaving.
Uh, you can leave.
I'll, I'll mute you, boot you.
Don't worry about it, King.
Uh, you don't have to tell me twice.
I'll mute you right now.
Uh, yeah.
So, like, uh, anyways, so, what Eddie was saying about, uh, you know, the whole blur, blur
thing, I do agree.
I do agree to, uh, like, to a lot of it, and, uh, I think, like, there are other issues
that are also not, you know, being spoken about, like, uh, by a lot of people that was
brought up today.
Uh, but at the same time, like I was saying before, from, like, a user, uh, user's perspective
that, uh, it's, it's really hard for someone to, like, Demon, Demon, I'm just, I'm, I can't,
I can't hear you.
Uh, I, I'm sure you're, I'm sure you're saying something super valuable right now.
I'm sure, uh, but I, I can't hear you, and here's what I'm going to do, okay?
Um, we're going to play this one risky.
We're going to play this real risky.
I'm going to close the Twitter app and come back, and we're going to see if it rugs.
Uh, maybe it will, maybe it won't.
Uh, if it rugs, you know why.
And if it doesn't, we'll, we'll roll, we'll keep rolling on for another few minutes.
But hopefully it doesn't rug.
We gotta, we, let's see.
All right, here we go.
I'm going to close it and come back.
If it's gone, it's gone.
Ah, oh man.
Uh, tough times.
Uh, so that's, that's where we're at.
Oh shit, did he actually exit out and he's still here?
Yeah, he's still here.
Oh shit, there's an alpha right there.
Yeah, dude, I was on stage with Elon fucking Musk.
I'm a co-host today.
You think Eddie's just going to go away just like that?
We're back, baby.
We are so back.
Yeah.
We are so back.
I'm surprised that he didn't know that alpha.
Okay.
Let's go.
We figured this puppy out.
All right, let's go.
All right.
Now that we're back, sorry about that.
Wait, Eddie, you're still muted.
I'm muted?
Well, you can hear me at least, right?
No, for sure.
It just shows you're muted.
But that is the alpha.
If you have like a rugged space or some issues, you can close the app, like hard quit it,
and then rejoin the space within two minutes.
And it should work.
Klaus, thank you for that.
That's actually like very, very, very valuable information.
But you have to, you have to like find, so I went, the way I had to do it is I had to
look for Demon's Profile.
So I found Demon's Profile and then I went from there and that worked.
So bless.
We're back in there.
100%.
Yeah.
But if you actually like leave the space or close it rather than the app, it will close
it out.
So it has to be a hard exit.
Yeah.
Just like, you know, when you reset an app, when you like basically scroll from the bottom
of your phone and pop open the apps and then like quit them out.
Yeah.
You just do that and then pop it up back open.
Well, what are we talking about now?
I heard nothing about those black moonbirds and both of them are gone.
It just makes sense.
I mean, he said like, I think there were like three artists pumping them out or something
and he just thinks they look badass.
Oh, okay, cool.
Well, I mean, from my end, it's unsurprising that I talk about moonbirds and they just like
haunt me.
That's very on brand for me.
In fact, the big ink upcoming mint, I went to, you know, I connected to that site and
was like, oh, you looks like you bought two moonbirds at the top.
It's like everyone is consistently attacking my moonbirds trade, even though I'm profitable.
Like I'm very profitable on the moonbirds trade.
And yet everyone thinks that I'm down bad.
It's crazy.
Fidginal.
So somebody sent a link to this big ink thing today.
I watched like five minutes.
What the fuck was that?
I didn't watch it.
I didn't watch any videos.
I mean, it's interesting.
It's Truth Labs.
It's the same people that made Goblin Town.
What the fuck is it?
No one knows.
It's them making big ink.
I really don't know what it is.
They never really.
I watched a woman with a chicken plastic mask on her face.
Make like, woo.
Like, how do I put this?
Who's not funny?
Who thinks they're funny?
Okay.
Like my level joke.
So that didn't make you bullish?
I'm so bullish that Fidginal is talking about an NFT project.
I didn't know it was an NFT project.
It was just a link that I clicked on.
And I'm just talking about like interviews and some shit.
So I watched it for a minute.
You just clicked on a link?
Don't you know better than that, Fidginal?
I'm all the time connected.
Fair enough.
Well, I don't know.
I went on a hard riff about Blend and my thoughts on it.
I think that's enough about Blend, though.
I don't know.
What else is on our minds for tonight?
Like, what else are we thinking about?
Because we talked a lot about Blend.
We talked about shit coins generally.
How do we feel about where we are right now?
Especially we're in like, we mentioned it earlier.
We're in the depths of Twitter engagement, right?
Like a lot of people are logging out.
And some of them might not actually even log back in.
Especially if you lost a lot of money shorting Pepe.
You might not be coming back.
I'm curious, like, how do we feel right now?
We feel good?
We're just here during halftime in a Laker game.
Like, nothing else.
I'll be leaving in 15 minutes.
Okay.
How's the Laker game treating you?
We're losing.
But we're already up one.
We stole one from Golden State.
So, it's not all lost, but we had a bad second half of the second quarter.
Hmm.
Okay.
I don't, I don't, I'm too short to care about basketball.
You said it, not me.
So, yeah.
Eddie Spud Webb was a very, very good basketball player.
You could still make it.
He was taller than Eddie.
Yeah, he was definitely taller than him.
Probably.
Yeah.
I'm five foot five.
Oh, boy.
Yeah.
Oh, my God.
Like, why did you react like that?
Short king.
I love it.
You were, like, appalled.
You're like, I cannot.
I'm not appalled.
I just didn't realize you were that short.
I mean, we have a man in person, I guess.
I was actually talking to somebody yesterday, and I don't think there's any, like, average
people in Web3.
They're not, like, average height people.
Nobody's, like, six foot.
They're either, like, six foot three to six foot seven, or they're, like, five two to
five six.
And I'm in the latter, latter half of that.
The midgets and giants.
I mean, we're pretty much a space for the weirdos.
So, who here is between five eight and six two?
See?
That's remarkable.
Or no one wants to answer.
I'm five eight.
Okay.
With or without shoes, and with or without your hair?
Without hair, without shoes.
With shoes, I'm probably five nine.
So, all guys add at least half an inch.
So, you're five seven, maybe five seven and a half.
I mean, if you want to say that, sure.
My girlfriend's five six, and I'm at least two inches taller than her, so.
That was a bearish way of putting that.
Like, no one's going to believe you now.
You definitely don't say that I'm at least two inches taller than my girlfriend.
I mean, you're better in person.
You saw her.
I did, but now I'm doubting my own eyes.
I have to hear her.
Are we going back to she's an AI again?
Because, like, I'm so over that.
She's not.
She's not.
She's definitely not an AI.
She seemed lovely.
I was the one who was denied by AI this week, actually.
I tried to make a catfish by an AI mid-journey chick.
No, actually.
So, you guys know the voice of DeFi?
He's been working on a side project where he has, like, Victoria, and Victoria is an account.
It's an AI account that basically listens to spaces, does voice to text, and then comes up with responses, and then does text to voice.
And listened to me, and I, you know, I lightly flirted with it because it's, you know, it's Victoria.
It's a woman.
And I'm just, like, moth to a flame.
And I just, I tried, and it denied me.
I've never, I've had a lot of denials, but hearing one from AI hit this.
Like, that was wild.
I feel like someone had a thought on that, and then they just withheld.
Like, they were, like, they wanted to comment on that.
You said hit this, and everybody was, like, they're going to make fun of the dancing or showing people your moonbirds.
But then you said hit this, and you left everybody in.
Goddamn, what is it about the moonbirds with you, Eddie?
It's like a fucking magnet.
It's whatever.
Let's say hello to IApeNFTs.
How's it going?
How's your night treating you?
Hey, what's up, Eddie?
How you doing?
Nothing, bro.
Good, dude.
Just chilling here, you know, coping.
A little bit.
But, bro, your story just made me feel a lot better.
At least that didn't happen to me this week, bro.
I guess, right?
So, fuck it, you know?
Life's good.
Yeah, man.
I'm glad that helped.
Well, let's keep things rolling.
Arcanic, what about you?
How's your night treating you?
What's on your mind?
It's good to see you tonight, man.
Yo, good to see you too, brother.
I'm just chilling, getting ready for my, you know, GN tweet as usual.
So, I'm just editing some art together, making it all cohesive.
But other than that, bro, just chilling.
I've honestly, like, had enough of the entire blur conversation, personally.
It's just the same.
We already know, bro.
We're not going to fucking touch it.
The smart people are not going to touch it unless they absolutely know what they're doing.
Okay.
The stupid people, you can try it, but I don't advise it.
Not financial advice, you know?
But if you do it, you're probably going to get wrecked.
So, you're probably better off just fucking, you know, buying some shit coins and playing the game of roulette.
But other than that, bro, I'm just chilling.
I think low-key, dude, I think I'm getting sick, man.
I have a slight cough, bro.
Shit's not looking good.
Need to get something going.
Tea with honey and ginger.
Zycam.
That's the move.
It's honey and ginger with tea, but also Zycam.
Z-I-C-A-M.
That shit's magic.
What is that, like, alternative for Xanax?
No, no.
Try some NyQuil, and you'll be fine.
Zycam is, like, it's zinc.
It's a zinc-based medication, and they, like, advertise it as having the length of colds.
I swear, like, they're right.
It works for me so well.
Damn, really?
Yeah, it's incredible.
And you take it at the very start of a cold.
I'm just low-key worried.
I mean, I'm not really worried, but I haven't had COVID at all yet.
And I went to NYC last year, and then I went to LA for the Yuzuki thing the first time.
And then I went to NYC this year, and I kept bragging how I was built different, and I wouldn't get sick.
But I think all those words are starting to catch up to me, bro.
I don't think you're getting sick from NFT NYC now.
No, no, no, no, no, no, no.
I'm just saying in general.
Like, I was talking hell of a shit against COVID's name, bro.
Maybe it's coming back for me, you know?
Well, when I left NFT NYC, the first thing I got was an announcement from my phone telling me that I was around someone who had COVID.
And I was like, trust me again, baby.
And actually, as of today, it gave me another announcement, and it was like, we're no longer tracking.
And I was like, all right, I guess I'm immune, as determined by my phone.
Which, we'll see.
Kloss, what's on your mind, man?
What's good?
So, I mean, I kind of agree with Arcanic's point at a certain degree.
Like, what's, like, the statute of limitations in terms of our, like, attention economy and, like, keeping people safe?
Like, at a certain point, like, do we just let, like, natural selection and survival of the fittest kick in and, like, you know, stop trying to keep people safe after a certain amount of days about a certain topic and just move on to something else?
Because, like, realistically, like, some people just absolutely deserve to get wrecked sometimes.
And there are people that don't deserve to get wrecked, for sure.
But, I mean, at a certain point, we do need to get to full max on capitulation before we ever hit a bull.
Just in my mind, this might be, like, a terrible countertake.
I'm just playing devil's advocate here.
Like, realistically, we need to get rid of everyone that's a non-believer before we ever hit that cycle again.
All right, you can respond.
Yeah, here's the thing, man.
I think that, I mean, how many days has it been since Blend came out?
This is day three or day four.
Regardless, it's one of those two.
But, dude, like, it's already been the fact that, I mean, here's the thing.
Look, a day on crypto Twitter is, like, is the equivalent of, like, four days, right?
That's pretty much, like, the metric you should use.
Or even, like, a week, you could say.
Every space, every person has been talking about Blend relentlessly for the past three or four days.
Like, I've been in so many spaces where everyone is talking about Blend.
And, no, I don't mean anything wrong by this whatsoever.
Like, I appreciate the thoughtful discussions and the warnings and education, right?
Obviously, I'm, like, I'm an advocate for that.
But I don't know, man.
I think at some point, like, yeah, dude, like, it's been, like, three or four days.
Everybody has already said their piece.
Everybody has more than likely already come up with the, you know, with the mutual agreement that this is something that you should do at your own risk, okay?
It's kind of predatory in nature, and it is rather vague with the information that they're giving to people.
I guess that is a particular tactic that's used by Blur to make people, I guess, use it more, right?
Like, they go heavy on announcing the incentives and the potential cash gain, but they don't tell you all the shit that's written in fine ink, right?
In the small letters.
It's not even there.
So, front-end UI, UX definitely could be improved.
But, yeah, I think it's worth kind of, like, slowly moving on, right?
Because at some point, we all know that this tool exists.
This tool will continue to exist for next week, the week after, for the next month.
People will still use it if they want to.
And you're going to have the occasional degen who's just going to completely get liquidated, right?
And just lose their shit.
But, like, that happens every day, bro, you know?
It's like, welcome to Twitter.
Welcome to NFTs.
So, I don't really know, man.
I think all the major content creators are, like, the value people.
They've written their threads.
They've gotten their spaces across.
They've made their points.
The information is already out there.
This isn't exactly breaking news anymore.
So, if anyone is looking to get involved with, you know, potentially taking on a loan, they have the resources to do that and should do so at their discretion.
But I don't think it should be anyone's job, personally, to be, like, you know, advocating for every individual who might try to take a loan and telling them, no, you're going to get wrecked.
Because if you're going to get wrecked, then you're going to get wrecked.
You know what you're stepping into.
I'm just kind of being real.
I don't know if I'm coming off as, like, a dick or something.
But at this point, dude, like, crypto is relentless.
I'm not the person who's relentless.
Crypto is relentless.
And I think more people should understand that things are going to happen the way that they're going to happen.
But as long as we have people like Eddie, like Demon, spreading the word about it when it actually comes out and, you know, highlighting all the nuances of it or the pros of it for the entire week, that's great.
For sure.
Let's go, Klaus.
Yeah, Klaus.
I'm just going to quickly respond.
I mean, I completely agree.
And, I mean, in a lot of situations, realistically, like, I've said this before, but, like, I personally feel like, you know, some of us, and I don't feel like this is everyone's duty by any means and don't, like, misunderstand this.
But, like, I do feel like we have a personal responsibility to keep some people safe or most people or everyone here except for the bad actors.
Realistically, you know, you don't want to be doing that every day, all day, or morally pleasing people because it just, it looks bad.
And, like, realistically, people don't like it, and people don't want to hang out with you, or you don't look like a fun guy.
But, I mean, I just think this is really going to evolve, and I would argue, I'm not even sure we're in an attention economy.
I think we're potentially just still stuck in a controversial economy, and I think you see that all over media and news just around the world across different things.
Like, the things that drive the most clicks are the things that are most controversial that make, you know, two sides go at it.
And I think that's also what Blur kind of nailed, is whether or not you like their incentive or what they're doing or whether or not they're good for their space.
Like, they're nailing the controversial aspect, which is grabbing that attention.
And it's keeping people kind of glued to it, regardless of whether or not they like it, whether or not we want to talk about it.
But I agree with kind of Arcanic and Eddie, and even, you know, the other night I was listening to Leap Spaces, and we were talking with Udi and Naveen and a few other people just from, like, a contract standpoint.
Like, how to spot, you know, different malicious stuff within, you know, coins like this.
Because if all of us are buying them, or if the majority of the market is hot about it, like, we should at least be educated around that.
Like, I don't think we should be fear-mongering, but at the same time, I don't want to just regurgitate the same content that we talked about literally, like, the last three, four days.
It's a tough balance.
I want to roll things over to BitGod.
BitGod, what's on your mind for tonight?
I tend to agree.
It's a valid point, BitGod.
Seriously, I was about to end with you.
So, like, you got any thoughts?
No, going once, going twice.
I'm going to go with thrice?
Nope.
All right.
Well, on that bombshell, Arcanic, what do you think?
BitGod, dude, you had some amazing, amazing points.
I can't believe you said that about Eddie.
But listen, man, this is a – it's a democracy.
You know, you made some amazing, amazing, very relevant and logically based points, man.
And, you know, I agree 100%.
It is the way it is.
You know, at the end of the day, the things are going to happen the way that they're destined to happen.
And, yeah, man, thanks for sharing that absolutely immaculate perspective, bro.
You have a fucking gigabrain, bro.
I didn't know that he spoke in tones and frequencies that I couldn't hear.
It touched my heart, man, honestly.
Like, he said it with such eloquence that, you know, like, it literally low-key rizzed me up a little bit.
Not going to lie, but we don't talk about that.
You know, dude, you got to think of it like this.
Like, you don't know who BitGod is.
BitGod is at war with BitKing.
I just tagged him in the comments.
You guys should tag him, too.
I'll actually pin my comment.
Not BitKing.
At the top.
You know, no, they are actually at war.
They came to another space I was hosting.
And, bro, they went at it.
And the other guy has a crown, too.
So, they're like, you know, I'm the king.
And he's like, I'm the god.
And, yeah, you know.
But BitGod is really insightful, though.
He knows a lot of stuff about Bitcoin.
But where's BitKing?
I don't think he's going to.
He's not going to make it.
You know, he capitulated.
We tagged him.
We asked him to come up.
But he's not here.
He did not request.
So, BitGod.
But, again, thank you for that perspective.
What Arcanic said.
I definitely agree.
Rest in peace.
All right.
Well, here's what we're going to do.
First things first.
I will say, officially, I'm the proud owner of Izuki number...
Oh, shit.
Let's go, man.
Oh, yeah.
Dude, show us what it looks like.
I don't want to look this up.
Tweet it out, daddy.
Come on, man.
Farm.
You know what?
Let's do that right now.
Yeah.
I'll tweet it out, brother.
And I'll say, like...
I will be very explicitly clear.
I now own Izuki...
What's the number again?
Eddie, I think you should just tweet.
I made this...
I got this at someone else's expense.
Paid in full.
Thanks, Blend.
Oh, you paid in full?
Well, I loaned.
I loaned.
Which essentially meant I paid in full.
I actually paid over current floor for this one.
Should I say paid in full?
A hundred percent.
Yeah.
But you have to make it, like, sarcastic, ironic.
What's the token ID?
853.
So, like, okay.
Let's work...
So, this is how we're going to close out the space.
We're going to workshop my tweet.
Uh...
853 is so cool.
It's so cool.
Thank you, man.
You're really 80 people.
I love it.
Let's see.
Okay.
I now own Izuki 853.
Paid in full.
No, Eddie, Eddie.
First, you got to do Goodnight Legends.
You know, it's...
Okay, good night.
Yeah, good night.
Okay, so we have to start with that.
So, Goodnight...
Goodnight Legends.
Yeah, with the GN.
Not the whole thing.
Just GN.
Okay, so GN.
I'm going to bold that.
Okay.
We're going to bold that.
I now own this.
Thanks.
So, blend.
Um...
Okay.
Okay.
You need something like thanks, Bozo, or something.
I don't know.
After Goodnight Legends, use an emoji.
Okay.
GN Legends.
Emoji.
Let's see.
Is there a...
Is there a moon emoji?
Yes, there is.
Perfect.
Uh...
So, we're going to go with that.
Yeah, let's go with Crescent Moon.
Oh, this is perfect.
This is into the mind of an influencer.
Um...
Mo...
I now own Izuki number 853.
Paid in...
Uh...
I now own Izuki 853.
courtesy of the Bozo who took a tech...
Who took my awful loan.
Paid in full.
Um...
Should I indicate that I'm looking to sell it?
Or should I just ignore that?
No, you have to say that right now.
I mean...
Do you really want to flip it?
Yeah, you own it now.
You sell it when you sell it.
Like, right now, this is yours.
Okay.
That's it.
Eddie, Eddie, so there's two situations here.
But, Eddie, Eddie...
Add one more thing, though.
One more thing.
What do I add?
Add IKZ in caps with the...
With the, you know...
The shrine.
You have to do that if you're posting in Izuki.
Okay.
Oh, yeah.
Absolutely.
Absolutely.
Uh...
Yo, Eddie, why did you...
Why did you pay above floor for this particular one?
Uh...
Just...
The way that...
The way that my...
The loan worked.
Oh, interesting.
Yeah.
It was out of control.
Also, I had to delete the emoji because it...
It wouldn't post with emoji and with bold tweets.
Gotta love Twitter.
Um...
All right.
I've posted this.
All right.
And now I have to comment on my own tweet because...
Engagement.
Uh...
What do I say?
Um...
Arf Zuki.
When?
Oh, damn.
That's actually a clean ass of Zuki.
I'll say Vegas soon.
All right.
And I'll tweet that.
And now I can go to my own tweet.
This is brilliant.
This is brilliant.
You guys are so...
Oh, wait.
Do you have edit on...
You gotta put the shrine in there, man.
You missed it.
Where are the emojis, bro?
I can't put emojis.
You're not gonna make it.
I told you.
I told you.
It wouldn't let me put emojis.
Uh...
You clearly didn't say.
I paid in full for Twitter, Lou.
I paid in full for Twitter, Lou.
Eddie, Eddie.
No, this is how...
Okay, I think you should repost it.
You gotta put the emoji in a group chat, then copy it, and then paste it there, and it will work.
I don't care that much.
I...
Oh, my God.
I'm not gonna repost.
But, well, thanks.
Thanks, guys, for workshopping this.
I've pinned the tweet to the top of the stage.
So if you're in the audience and you want to engage for some god-awful reason...
No, no, Eddie, that's not what you said.
Like, it's pinned to the top.
Like and drop a retweet.
Like, you know, support the people.
You had...
You listened to multiple hours of really insightful conversation.
The least you can do is support...
If you don't retweet, at least go like and say congrats.
That's the least you can do.
He does own the Zuki as of now.
So, yeah.
Let's fucking go.
Hi, KZ, baby.
Hi, KZ.
Well, guys, if you've enjoyed this space, this is gonna round it out for the really good Web3 show this week.
We run the show Monday through Thursday, 8 p.m. to 10.30 slash late.
Normally, it's me on Mondays and Wednesdays and Rudo's on Tuesdays and Thursdays.
But due to an unforeseen circumstance, Demon stepped up to the plate.
He took a swing and bang.
That was definitely a home run of a co-hosting job by Demon.
Demon, thank you.
Seriously, thank you for coming out.
If you guys don't already follow Demon, because for some reason you don't, change that immediately.
And make sure that you turn on his post notifications, because he is on his way to become the number one NFT inspect influencer.
And he's cruising there faster than ever before.
That's how he rolls.
He's the golden bean.
And that's it for me tonight.
Guys, if you've enjoyed this one, thank you again for coming out.
You can drop me a follow and turn on notice if you want to come to these spaces.
And again, Monday through Thursday, 8 p.m., we rock and roll.
Actually, just a quick announcement separately.
On Saturday at 2 p.m. Eastern, I'll be running a trading space.
So if anyone wants to come in or knows any traders that would like to come in on Saturday at 2 p.m. Eastern, come through.
And that's going to wrap it for tonight.
Wait, wait.
Eddie, Eddie, I got Jared from Subway.
He'll be there on Saturday.
Jared from Subway?
Great.
Great.
I'm sure he knows everything.
Oh, God.
Enjoy your night, guys.
We'll talk soon.
Peace, homies.
Peace, bro.
And congrats on the Lone Dezuki.
Peace out, bro.
