I don't think I've ever liked a pit bull verse in my entire life. Look welcome space y'all
Feel like he's way bigger than he needs to be I don't know who decided to make him that famous
but um, he's got some bangers also, I
Not realized Kesha had so many bangers until earlier today, and I was like looking at a lot of I
Mean the fucking views on the on the kesha videos are insane like 500 mil 700 mil. It's it's actually ridiculous
But anyway, welcome space y'all appreciate y'all for popping out to that space. It is Monday February 5th at 10 26 p.m
I am wired dialed and ready to fucking go. There's a lot to unpack a lot to discuss as usual
So if you want to come up on stage click that request in the bottom left hand corner
And I'm on a zero tolerance zero bullshit diet right now. So if you come up it is hot takes only
I don't have time to waste with anything that isn't Texas Pete
Sriracha or Tabasco combined with a little bit of cayenne pepper on top and throw in a ghost pepper
If you would if you want to support the space click that button in the bottom right hand corner and give it a like
Yeah, that's that's the whole fucking spiel look we're gonna do a little traffic weather report and then we're gonna go to the hands
We'll jump over to our one and only open sea
Let's see what's going on here on open sea
Top collection of the day is still this nobody collection at point six seven to eat down from like what point eight five point eight
Gods in second place with three point one either floor price mutants at four point three pudgies down from sixteen point five yesterday
the sixteen eighth mutant board a sound from twenty five point six to twenty five as you keys at seven point two and doodles up today
to two point five five and clonax at one point three jump over to coin market cap Bitcoin is up point seven two percent
Ethereum up one point five percent to twenty three hundred buckaroos
And that is about it chain link up six percent one of the bigger winners of the day
And we'll go over to magic Eden here to check out some Solana and ordinals things the arctic metaprotocols at point zero nine
Basically everybody who got an airdrop made four thousand dollars per airdrop node monkeys at point one seven
Bitcoin puppets like a balls favorite NFT project in the world point zero seven
OMBs point five pizza ninjas at point zero five six and Bitcoin frogs actually down point zero two from yesterday down a point
One five and that is it for Bitcoin Solana
Yeah, nothing too crazy on Solana not that much movement
Not that much movement. Okay, that is it. That is the whole fucking blue what I mean go look at Solana NFTs
There's nothing really doing that much volume today
Dude, I mean, there's just a hundred and four thousand Solana volume in the past 24 hours
I was looking at the metrics earlier my brother in Christ
I don't know what metrics you're looking at. I'm looking at the metrics now and are you looking at yet?
Go to TXO. You're right. I didn't I haven't checked in 12 hours though as well. It could have drastically dropped. No
I mean, I'm sure there's still volume. So so I I'm just saying like there isn't that much movement floor price. We also have og
OG you're like bringing up like only fans models and doing AMAs on them
I don't know what it says doing but uh
What's uh, I got to give you props my guy because I saw I didn't have a chance to listen in because I was
As been fucking swamped today, but I did see that and I texted it to thread
I was like yo, she's about to have his biggest space ever and then I I looked at it and you had like 600 concurrent
That is a fuck ton to say the least so shout out to you perseverance succeeds
Don't even know where I didn't listen to space. I have no idea what happened
But like what's the fucking lowdown OG bro, who would have thought I got K money and
Ansem to double penetrate. It's the only fans model. Who would have thought bro, bro
What do you know about these?
Bro, wait, wait, what do you know about these leave? Why you sound experience?
Yeah, so what so what's it? How did you get that? Did you just DM him? Like how did that grow?
Bro, DM to me. He was just like yo, bro feet sir didn't happen
On I I don't know if I'm like comfortable to some docs in our DMS
But on everything I love this fucking like my guy DM to me. I was like, yo, you want to run a space?
I was like fuck it. Let's do it. And
Yeah, I mean like you saw the outcome. I got it got crazy
you know, it says the creator of the dog with hat and
Ansem is like the fucking spokesperson for
Solana dog with hat so it was just fucking pandemonium bro. Fuck it
Hell even V the fucking founder of ether came up there. Yeah job leap. Finally. No, you didn't he definitely did not
Well, you got to like blackball him from your spaces now that you're on top
Well, look, I mean your revenge will be sweet and swift
Well, look, you know what else was sweet and swift
Magnificent back shots is a got in my space today. Oh, what do you don't know anything about back shots?
Look, so what were they basically telling him where they're like, oh, you're a scammer like I'm assuming that's what it was
I'm like, yeah, bro. Like I don't I feel like
Trying to drop the TLDR on this is not a fucking good idea on my part
Like I would just go listen to it, bro. Why are you trying to like farm views right now?
I just don't listen to it leap. As a matter of fact, everybody in the space leave this space to go and go
Don't really know the story besides it was like a giant grift and
All I know is that day that is a launched it
There was just like a ton of pictures all over the timeline of some fucking dude in a thong
Double-cheeked up on a Saturday night. No, I wrote you you edge to it
That's honestly ridiculous. I never speak to me. I don't know
You know the stuttering right there sounded like I caught you in the middle of something, bro
Yeah, yeah, you caught me in the middle of edging to it says only fan trailer. Like what do you want?
I clip it clip it clip it clip it clip it
Okay. Anyway, shout out to our sponsor gaming.io for all the sponsoring these intellectual
Oh, please don't like please don't segue that into a sponsorship
Anyway, if you're interested my people will talk to your people, but I have no people
Okay, well anyway, that's that's that because you won't give me a TLDR
I'm just gonna see I mean, bro
the TLDR was basically like I'm kid you not like and some and fucking K money just like
I've never seen a beating that bad, bro. It was well, actually
Can I give you a little TLDR cuz I listened the whole thing?
OG was a Krispy Kreme employee the way he was glazing to start the space
Then once the homies came in there and turned it into a roast fest
He was being a little bit more
More middle ground look more like dudes to shred. It was more like
Let me interview this guy and see what he's all about
Before you know, he gets annually penetrated. Oh gee, let me okay, first of all
Okay, first of all, there's no need for it any of these adjectives that you're using. How are you gonna you'll leap?
It's wild bros gonna glaze and then he can go talk shit once the space is over. Look, okay
Bro, how is that talking shit? That's what happened. No, okay
Yeah, I mean that might be a positive for some people who look I here's the thing
I have definitely been like interviews are tough, especially with controversial fingers
I really like bro, for example leap like what went down
Just there was like the equivalent of you with beanie on the stage, bro. Like it was just like
It I did not glaze beanie and you you were glaze
I think glaze beanie I to be fair
I was not I didn't do as good of a job on the beanie interview that I like I should have done way better
And I listened back to some of it. I'm like Dan. I fucking I need to get better at this
Interviewing is hard, especially when it's like really on the whim and like a controversial figure because your audience it'll give you tips
Don't worry. We'll get this sorted. Yeah, I'm gonna give him your tip. Yeah, I was my blazing and tips look anyway
It's tough because your audience wants you to fucking
Like go in on somebody but you are in a weird position where it's like it's like you're dealing with a really rare Pokemon
Like if you fucking throw too many pokeballs at them, they're gonna run away quick, right?
So it's it's that sort of thing be careful
They might sue you leap if you talk about them too much
No, like you're actually spitting but it puts you in like a really weird position cuz like, you know
Like me personally, bro, let's say hypothetically I scammed fucking like a stupendous amount of money
Now I'm willing to come onto your space if you say the wrong thing
I'm gone. Like what do I like? What do I gain from being here? You know what I'm saying?
It's a really weird position to put like the host in because you're like fuck like if I if I go too hard on them
Yo, the buddy is never gonna talk to me again
And like we're also gonna lose like the potential to learn more about like what occurred, right?
Well, you know lucky for it's like you'll have a bright career for browsers
He can always do that if if crypto doesn't work out. Oh, sweet. I'm a DM. I'm see if I can get some more. No, my good
Okay, well if you want to hop in this space is more than welcome but look I
Props to you because it's I mean, it was just so random and I'm assuming it was like a really entertaining space, too
probably some of it after this space tonight and
Hopefully people got some of the answers that they're looking for. I don't know if there was was there any conclusion to the I
think the only like crazy thing that came about was like
Buddy did not know the dev like he was like
It's like I don't really know the dev like I don't know his face his name or like really anything about him
But yeah, I was like, huh
Okay, I mean that's questionable it's impossible to not know the dev
I mean, he should just look in the mirror like anybody who says that they don't know the dev or like what it you
Yes, you do. What are the what in the Bitcoin baddies, bro? Like we know what happened
Don't even need a dev these days. You can literally spin a shit going up in 27 seconds, dude
There was a little fight to eat. Oh god. I got leaf as a potato chip. I'm dropping it in two minutes, bro
I saw somebody there was there was a time when people were speed running dropping tokens and
There was somebody who had done in like seven seconds like from creation to deployment in seven seconds is insane
There were people competing to who could you know?
I get to the next and break through it from seven seconds to six seconds that sort of thing
But anyway, I don't know what it was called
But somebody dropped that token about handsome in the middle of that space for how there's been like six and some tokens now
Well, anyway, I mean it happened and it was a big space I'm excited to go back and listen to it
guess so like I my question that was if there's a resolution or if any real information came out and it's
Looking like hey what you're saying that Kevin and the answer went in on him
Like what was like the biggest zinger like what were they saying?
Bro, like I couldn't even like honestly, I couldn't tell you
I think the craziest thing that I've ever heard in my entire life was said
It's us talking about like some nerve disease. He got on his arm
like that made it like difficult to function on a day-to-day basis and
Came on. He was like since you got a boo-boo on your arm
You you rugged people of three million dollars. I was like, bro
Did uh, is that what he so did it so it's a run is he the one who pulled the liquidity or nobody knows bro
Like I don't think we got to them which causes or not pull the liquidity
But um, like just got the three mil type shit. Yeah, I'm not sure
Well, I mean that shit was so obviously a fucking grift from the moment it started
But the thing is like people know that and they don't care that like that's the thing
It's not like people didn't expect it to fucking rug
Everyone knew that shit was going to zero but they wanted to ride it, you know
As much as they could when I initially saw it. It was like six mil market cap
I wouldn't have even touched it even if it was at one mil
I'm genuinely surprised that it went to where it went to
Because typically when somebody just redeploys something on another chain, it doesn't do well
Dude, I saw it. It did like 50 million dollars in volume in the first fucking it was like something insane
There was a large amount of money that flew through that token
Um, so hopefully people didn't lose way too much money. But yeah, not not great not ideal
But besides that I'm trying to think Oh far caster. That's the big thing of the day. Have any of you guys signed up?
Not bro. They can like they can gatekeep far caster from you, bro. They got it
I'm not gonna lie far casters pretty cool
But I give it like give it
Like how long do you give it before you like you stop using for our caster?
Okay, so far casters been around like I don't remember like far casters like a network essentially
It's like, um, yeah, it's like it's built on an L2
If I'm wrong about any of this somebody correct me
But like my understanding is that it's like built on an L2 and the social media aspect of it is just an app on
The network and you can like build other apps too
As decentralized and it's been around for a while like for years
So it's not something that's just like right now popping off quickly
And it's not in my opinion popping off because of financial incentive
This isn't like a friend tech situation and I was talking to thread guy about this earlier today
He's like calling it social phi and I'm like
Like can you build social phi elements on top of it? Yeah, of course anybody can can build whatever they want on top of it
But it's not inherently social phi like friend tech where you're basically do friend tech
Bro that shit was a disaster like I
Talked about friend tech I did I hosted some spaces on it
but I'm like very glad that I did not like fucking tweet about my keys like pump that shit in any way because like
It that shit was a fucking
Yeah, that was a disaster like I looked at I opened friend tech for the first time in a while recently and
It every single key that I bought any money that I made off fees
I just bought the keys of the people who are buying my keys and I never sold anything and I just held everything and everything's
Zero like point oh one point zero zero one. Like it everything went to zero. So did he delete his Twitter the
Racer he literally deactivated his Twitter. No, he didn't delete it. I think he got suspended. I
Think that's what it was. And then also they had all that drama recently with when they
Think things. Yeah, I mean they like fired a large percentage or employees right before their fucking equity vesting like
But which by the way happens
I'm not gonna say but like it happens a lot in crypto
Where people get fired right before their tokens or their equity vest like this happens way more often than you would think and
Yeah, that's why if someone's like trying to hire me now and it's like oh they're they're promising tokens or whatever
I'm like, dude, I know like I'm not I don't know you're gonna
I don't know that you're gonna keep me around for a year or whatever and it's just it's way too common to get laid
Cash is is king here and you'd like pay me a good fucking south
Sorry, I was getting a call there but anyway, I'm low I'll throw it over to you. What's up
Far caster and warp cast are pretty cool
You can like mint NFTs on there and I think that people that were OG to it got this NFT
That's worth like two and a half ETH now, but like people are deploying shit coins on it
I know Blau said the other day he he posted the shit claim that said like don't buy this or whatever
it's literally just a test or something and
People still bought it anyways, but like people are launching shit coins launching NFTs
I think that like it's different than friend tech because you can actually see like a feed in a different way and also
Like people can actually post their art and I don't know
I think I think this is different also because it's been around for over a year
Yeah, I mean people can can build whatever they want top of in it's it's been around for for two years at this point
Probably think even more than that. I have to see exactly when it when it actually came out
But I think it's cool man, I think it's really really cool and it's like true decentral
It's like really a decentralized ethos Vitalik is supporting it like this. It is a much different vibe than some like
VC backed fucking paradigm paradigm airdrop funded bullshit that friend tech was and to be fair friend
Tech was a really cool idea. I mean invent social five it I did think friend tech was a really cool idea
I just think due to the way it was designed from day one
It was destined to like destined to fail and maybe they switch it up and it like comes back and they fix something
That's totally possible like never count anybody out in crypto. That's something I've learned at this point
And there's also like stars arena, which yeah
Honestly stars arena might make a comeback faster than fucking friend tech because that's like I actually like the team that's running it
Right now more than than what's going on at friend tech
So there's like there's a lot of opportunity in the social five realm
But I just don't know if I would consider far caster social five. I just see it as
Well, would you say that warp cast is social fire?
I mean, it's like I you could I guess you could apply the term social five, but to me social flies like
basically what friend tech was and
Don't I don't know. Maybe it's more like
Decentralized socials as opposed to social like like
It's not the name of a isn't that what bit cloud turned into what was the name of bit cloud their new company
D so yeah bit clouds new the it's it's called D. So now which is a network, too
I don't I don't know what they're doing nowadays though, but
So that's also can we get some fucking work, you know get your asses up here
We have zero requests. I would love to talk to you guys
Hot take so please what did you think of the doodles?
So a lot of people were like saying that the Jeep this was ugly but like g-shocks in general are ugly
I don't know why people are surprised
so it's like it is a collector's item like the the if you really like get deep into the
Into the g-shock community you'll realize like most these people are not wearing them
like of course some people are but there's so many limited edition g-shocks that people just collect them just like anything else it has a
Like swatches if you know those like the that is like a very similar collector base
And I think doodles are sick and I love the doodles branding and I like the doodles g-shock as a collector's item
I think the colors cool and I think the box is cool
And I think it's something that if you're a fan of doodles and possibly a fan of watches and g-shock would be fun
to collect but if anybody was like expecting a Richard Mille or like a Patek then
Yeah, of course you're gonna be like I think people were expecting something that it just never was gonna be I I don't know
I don't know these kind of felt like the Crocs collab as well like they they they're fine
Like I think it's cool that like doodles is actually going out there and doing collabs with legacy
Brands or not even webtube brands just like legacy brands
That said like I think that they could make the designs a little bit nicer
I think that like it had if they even like incorporated some of the doodles characters on it not just like flowers
It could be cool. So I mean doodles Crocs look exactly like what doodles Crocs would look like their
Pastel colors with a bunch of doodle pens on them like it like I don't know what people were expecting on this
Crocs are like I actually think Crocs are so great. They're so comfortable. They they fit so many different sizes, but Crocs are not
Like the cutest like it's it's not like you're like wearing like a nice pair of Air Forces or what like their Crocs
right, so they're not like they are what they are and
I fucked with it. Like I like the g-shock. I like the the Crocs
Do I would I wear them? No, but I think they're strictly collectors items like I don't
Or like something you would wear to an NFT event or something. I don't know
It's just tough when you're comparing the like swag that you have from like artifact versus the swag you have from doodles
Yeah, but artifact is like Nike, you know, I mean like I agree with you artifact is leagues ahead, but
Yeah, I mean it's like it's like apples and oranges that like doodles is like they're doodles
They're literally what the word is. They're like fucking yeah
What do they charge for it, do you know do you know what the price was I
Have no idea but it's probably pretty reasonable. Let me see probably a few hundred bucks. Oh, no way. It was a few hundred
Prices right my guess is around 230 but let's say it was 1.3 thousand
No way, I'm just kidding. No, it's probably just I'm trying to imagine trying to find the price here
Well, I'm looking for the price. I'll throw it over to Lucas Lucas. What's up?
Hey leap. Thanks for having me. Um, I
Circulate in the web 3 space, but I think in very very different layers
and I would be really interested in hearing like you said that friend tech could have been done well if
You could say about maybe what you think could have been done better
Well, I think the bonding curve while like really exciting in the beginning and like gives people an incentive to like really be early on people
I think inherently the idea of
Commoditizing and financial izing basically people
Like it just doesn't like in that way. It doesn't work and I think
Paying for access can definitely be interesting. There's actually like a lot of web to apps to that that do this
Pat I went to Patrick about David's event at art at our castle and there's like a whole value attainment thing and
The biggest sponsor which I'm assuming they also had a piece of was basically what friend tech is
But it's web 2 and it's not crypto at all
So it has like a bunch of like VC people on it and a bunch of like just traditional web to people and they basically sell
Advice I was talking to to Patrick about David's wife and she was telling me that she sells like like entrance into her thing
Is like fucking $150 per question and I was like what kind of questions do people ask you essentially and the questions are like
What is it like to be married to a high-value man and like how do you manage that like that's what she was saying
So like the idea of like paying for access to like an individual is I think that's totally fine
And it even exists in forums on patreon like there's
People on patreon will have higher packages that if you like subscribe to the highest package you can get like a private
This even exists on only fans. Well, so I don't understand then why it went wrong
I mean like that's I wasn't involved. I'm like not in the sort of gaming side of the space bonding curve
So I don't know. I wouldn't call it gaming but I would say the bonding curve was its was its
Downfall because basically every time a key was purchased the price of the next key would go up exponentially
That goes to to friend tech and a 5% fee that goes to the creator aka the person whose keys they are
And that other 90% kind of goes into a pool and that's what people are buying and selling into and depending on how many people
Buy the price goes up exponentially and same with if people sell the problem is it wasn't just that
There was a huge aspect of it where there's a tab on friend tech that says air drop
It literally is called air drop and you get points and you get points depending on the value of your portfolio
Well people learn very early on that they could snipe their own pools
Buy up a hundred of their own keys and that was way back
like the incentive mechanism was completely skewed because it made more sense to just buy your own shit rather than buy other people's stuff and
If you buy your own stuff, you can just sell it back into the pool
And yes, you take a 5% hit that goes to friend tech
But the idea is that you're gonna make that back on the points and on the token air drop
Well, then friends totally forgot that they had an air drop. So when is that happening?
Probably like six to eight months from now honestly, but whenever the bull market really hits
But then they changed it and then they were like, alright, we're gonna completely nerf the rewards on
Like buying your own stuff to incentivize people to buy other stuff
But it didn't it didn't really change the problem or like it didn't fix the issue because then people would just spin up
Brand-new anonymous accounts and like buy the shit out of that from another like the incentive mechanism
Combined with the bonding curve and how aggressively exponentially grew just led
Oh, and then also there was a cultural thing like with all like the own forks from like back in the day
You have the three three essentially the prisoner's dilemma
Where there was this agreement within the community that if you bought somebody's key
They would buy it back and you basically both hold to Valhalla, right?
so that works in the beginning because it's like I buy your key you buy mine and
Then we just do that with a hundred people and all of a sudden I have a hundred holders
You have a hundred holders our keys are worth a shit ton and we're farming a bunch of points
you what inevitably ended up happening was people started to pull out and it happened in a few different ways so you had people who
would just hard rug like like vomit or wombat, whatever his name was and
He was like and he was I actually respect the way he did it more than other people because he basically was just like fuck
You guys I'm rugging and was pretty honest about it and obviously it was bad
but that's what he did and then there were other people that were
Basically faking getting hacked in order to sell as well. They're like, oh like I got hacked so they dumped all the keys
Because inevitably what was happening was people's portfolios were insane, dude
There were people with like 500 East a thousand East 1500 East worth of these fucking digital keys
the only thing they give access to is a chat with somebody else and that for you can just fucking DM them on Twitter like
These are not like exclusive people that were like, of course, there's like the Kobe's and then this and then that but that was the minority
So then people are to the point where they have like millions of dollars worth of these keys and the only there's only one way
Out and by the way once you get the points they can't be taken away from you
So once you've farmed all these points, it's like fuck. Why am I holding 1.5 million dollars worth of keys?
I need to just dump and everyone was racing to dump before the other person dumped on them
Right because everyone was buying keys in exchange for someone else buying theirs
So you had this chain reaction then of people and and the reason another reason people started selling was the bonding curve
like applied to the price of the the keys, but also
X but like there was a huge skew in the point distribution
for the people that were initially there in the first two weeks compared to the people who joined after because the amount of points that
Got divvied up to each person was dependent on the amount of TVL that was in the platform
So initially it was like a couple million dollars, whatever
But then once the TVL skyrocketed like 20 30 40 50 million dollars the amount of points that you got
Per ETH that your portfolio was worth became so low
And it got to the point where one ETH of your portfolio was worth only 80 points
But in the first week people were able to farm tens of thousands of points with a fraction of the portfolio value
So people who joined later not only can they not buy any of the good keys because the prices were not one to two
Eats no 10 ETH 15 ETH like ridiculous prices. So not only are they
Excluded from that aspect, but the points that they gain are just not worth it
Like it is not worth it to put 10 ETH in to gain fucking
800 points when somebody who had one ETH in fucking the first second week was getting thousands of points
So and also the whole thing was like it's for creators and this and that initially
I was talking about on spaces as many as many like as many other people were
But the creators were not being rewarded the people that were getting rewarded were the people that were doing this
3-3 bullshit that just inevitably led to everybody getting completely wrecked. So it like dude. Can I
No, I mean like I've been
Trying to restrain myself because I want to hear your your thought on this but like it's like
If I'm starting a marketplace where we sell vegetables
I am gonna be doing it somewhere where people are
Interested in value vegetables. The problem in this is that this is a marketplace for people's time
But do the majority of people or even the predominance of people on this marketplace actually value each other's time?
Or are they just after each other's money? Like that's what I hear. But maybe it maybe I'm
I've got it wrong. But that's what it sounds like to me. And so it of course it couldn't work
Yeah, and that's a big part of it, too. You're absolutely right
People were not there after it like initially. Yeah, like it was cool to
Like they're like certain people getting on the app and normally you might not have access to these people
but then you buy entry for like you do even like point five teeth is totally reasonable for certain individuals, but like
Ten teeth to get into a chat where somebody's just posting pictures of the food
They eat every day or like pictures of their dog is not fucking worth it. Like it is not worth it
So bait the only value proposition at that point was to hold keys at a high
eath value in order to farm as many points as possible and
Then it was just like a bunch of management stuff too
Like there were really weird moves that the teammate and and I have to give the team all the credit in the world
Because at the end of the day getting tens of millions in TVL and like creating the biggest product in crypto
even if it's for a short time is no easy thing to do and they definitely deserve the credit for that and they also deserve the
credit for trying something that was
Very hated in concept and you know, they they did what they could but then they made a bunch of weird moves
One of the moves specifically was like there were a ton of forks coming up. So people
Were creating their own versions of friend tech on different chains things like that. Some of them were cool
some of them were not and
They they made a decision at one point where it was like if you sign up for
Another one of these platforms then you no longer get points on friend tech
Like they're basically blackballing you from their platform now
They ended up going back on that
but the fact that they even
Decided to do that in the first place was the first red flag that this isn't for the community
Like you're not legitimately trying to bot like create a real social network here
You're trying to capture as much TVL as possible, which is fine. Like that's totally fine. Like blast
I blast in my opinion was so interesting and people shit on them for like the points and this and that it's because they were
So honest about it. They're like fuck the farming fuck the wash trading fuck all of that
Just give us your ETH and we're giving you points like lot like it was so direct
And I think that was part of the reason why it was so easy for them to get to
1.4 bill on top of the fact that blur was so successful and pac-man was like a repeat founder at this point
But it's like a culture. It's top-down
It's a culture thing and then on top of it the fucking person that brought in
90% of crypto Twitter pancakes that like the fucking goat got fired right before his equity was vested and that was like the nail
In the coffin from a social perspective everybody on the timeline became so anti
I mean this was already down the line, but everybody became so anti fucking friend tech at that point where it was like
Yeah, we're done with this. It's um
so that see you it's like sad because it actually like the
Some of the highest levels of business right are done. It's all just monetization of each other's time
Like you know, I've heard this thing about like coaches
It's like if you're like looking to go from being a 9 to a 10 at a skill
Like the coach that you might have to hire to get you to that 10 instead of the 9 is is maybe a million-dollar coach
Like so so it's not a bad direction to go, but it can't be chats about people's dogs, right?
Which by the way shout I love looking at pictures of people's dogs like I'm a big fan of dogs
But that can't be the only thing and and this is why I think
Something like far cast or work out like that stuff is pretty interesting to me because it the inception of something is so
Important this is one of the reasons among many that Bitcoin is
Phenomenal is because I had an immaculate conception that was pure as pure as it can get and it's something that doesn't exist nowadays
you can't just get like a like it's something organically mined by the community over the over a decade and like distribution like that shit doesn't
it doesn't work that way and
Yeah, I don't know I don't know where I'm trying to get with this
but um, I would beg to differ about that if
You know, I might be a little spicy still unless someone else like no, no, please tell me
To me this whole thing it like so when I see these rising numbers I see rising expectations and
Like it's not like the world of finance completely collapsed from what it was before like before
Crypto it's like crypto is actually like the whole just financial system
Just keeps shooting the moon which shows us that we have like more and more expectations for prosperity on planet Earth, which like
it makes some sense like but
You so you have to remember that like it's like the the next thing that comes in organically won't be organic from within
right if Bitcoin has an immaculate conception, it's because it's like the you know origin point of crypto and crypto is like a
information structuring system or something like that
but it's like what might be organic from way before is that like
Older cycles of the economy right like the the real world assets that come on chain and then get involved in
The financial system like in a much more sophisticated
Like granular way than they have been in the past if that makes sense
Like these these are the things that are organic brewing
Relative to this space still but it's like Bitcoin is the like, you know only thing
It's like the crypto unto crypto unto crypto from its origin point crypto is an organic thing
Yeah, I think I think I agree with you. Which part did you disagree with with what I said?
Basically, I heard what I heard you say and maybe it's just a semantic distinction
Right is that we won't see anything else brew organically over
Not there will definitely okay. Let me rephrase there will definitely be things that brew organically
But not in the way that Bitcoin did and I think that's totally fine, too
That's not a negative towards anything else. I mean Bitcoin was very special
but like I think let's try to think of something else though, I think
What what crypto punks crypto punks were in credit like of course Gary V
Like fucking did the whole cabal shit and got all the LA influencers buying crypto punks fine
but crypto punks that were out for years before that right and
Like creating like a real organic community of people who are truly just collecting it because they liked it
And they're buying them for 50 bucks a piece or a hundred bucks a piece like that to me is as organic as it gets
And then of course like the influencers come in and things like that and that's totally fine
I don't even see that as a negative. It's just part of it
Trying to think of something else I think ordinals were pretty organic to a certain extent like yeah
You had big players pushing the narrative of course
It doesn't matter how many big players you have like you're not doing billions in trading volume unless it's like a real organic
Like the way that ordinals came up and not all of it was truly organic, but I think some of it was
Even dude, I think Solana was pretty organic in terms of the NFT community, too
Like of course Solana had like a lot of VC backing and things like that
But like in terms of NFT community, I mean these were fucking D gens in the trenches for years
Just like grinding with their communities and shitposting and like just showing up
You know so yeah, there's like tons of things that are like pretty organic in space
Well, you know one thing one thing I'll say one thing I'll say real quick is like
Think about Bitcoin the whole point of it from the beginning was it was meant to be like an alternative form of currency
Am I wrong like that's I think people forget like the bigger picture in all of this
Yeah, and people on both sides people who are building and then people who are just purely speculating
you know, they kind of they go hand in hand, but I think like
Today is interesting to see how many people and I hate to say it because I feel like a snob saying it
But I see so many people getting forecasts are wrong
Misunderstanding of it and then and then you know to make things worse
They're fighting it and it's like no you like you
If you're fighting something that you don't understand to begin with like I don't know what to tell you like
That's like that's where I think like the builders. That's why I think builders get annoyed with the speculators
But like going back to the thing about Bitcoin is it like
Yeah, it didn't become like it didn't become real like the money or you know monetary value
It didn't become real for a while
and a lot that had to do because of the builders and the people who who were working on on making it become a thing and
You know eventually the speculators come along and and then and then it starts going up in price
And I think like I don't know
I don't know who said this originally but like number go up is the best utility and I don't think there's anything wrong with that
I do think I think I look at it like this like somebody was saying this on farcast earlier
They were saying like, you know
it kind of sucks that like this place is being inundated with with speculators now and people who are just here to farm and
Like my response to that was like there's nothing wrong with people who are here to farm
So long as like they still have an attitude of curiosity and a desire to learn
Because that's not a bad way to farm either like being curious and having that desire to learn
That's also great. You'd like that you can make money just by genuinely being curious about shit
You know, just like the people who were genuinely genuinely curious about Bitcoin early on
Probably made a little bit of money, right?
So, I don't know. It's just it's been an interesting interesting thing to see I'm told today
Don't know. I'd still like I have a weird
Vantage point and all of it not quite sure how else to say it but yeah
I just I if anything that I wish people would be a
little more open-minded about things and not think that like
Not think of things so black and white or so my optically at that because that's what that's one of my things with the NFT space
So this is I mean you said something's interesting they're like and this is why sometimes I think the
Intellectual elites or like, you know, I mean that side of crypto is so it's they're so insufferable
because it's like they're building farcast or like they're doing all this stuff and
The moment people start coming in for whatever reason they're like, oh fuck like we I wish you could go back to the olden days
Like whatever like you guys like it's I don't know man
It's like people who there's a lot of people are like, oh like a theory and marooned crypto because now NFTs and defile
Like Bitcoin was pure like there are those people who believe that as well
100% 100% I agree with you there 100% because
And that's the other thing too
You see a little bit of like people, you know
Who made their bag in a theory of like always fighting Solana and just kind of but that's that's a that's not that's not
More than anything we'll say about farcaster is like I was pretty early to it
Um, and I stopped being as active as I was like when I first got on to it
Some time of the like second half of last year
Which is okay, but like one of the things
that I found a lot of value in with that platform is that I
Connected with people who I never would have been able to on on Twitter
Just because like they already have such a huge following and they're there
It's so their feeds are so noisy their DMS or or you know, probably overwhelming
So, I mean there's there's I've connected with a lot of people on farcaster that who I look up to and admire and respect
And I by no means like an intellectual builder type. I probably fall more on like the speculator side of things but
But yeah, that's a big part of it
And you know the last thing I'll say to you about about farcaster is what the whole thing with the misunderstanding of what it is
Like one of the best ways. I think somebody helped me kind of I guess relay
It is it's like you think about like one-click sign-ons, right and call it web 2 or whatever
But you can use your Google or Facebook or whatever is like a one-click log on to different websites
I like what farcaster is is on the protocol level is basically it's that it's that like the dApps are built on the protocol and
It also there's the social graph aspect to it, which is like work caster
Which is more like the you know, whatever you want to call it the Twitter of web 3
But the the social media side of it is not all there is to it
Like there's people that are building dApps on top of the farcaster protocol
And some of them that like I think have a lot of potential and so yeah, you know, you could basically just
Log on with your with your farcaster username into these dApps
I mean if there's a dApp that you you get you're getting something out of not just a token by the way
The unfortunate part of this all is that like yeah
It's hard to separate that this two things like the the monetary and the social aspect of things
They really don't go well together. So that there's always gonna be like that tension there, but
but yeah, I think like just you know exploring and and and keeping an open mind about things and
I'm not being so quick to come to conclusions about things because you know
Like that's look the worst thing is to be wrong and then realize it too late
I'm like damn I could have benefited from this in some way if I wasn't just so
Single-mindedly focused on farming a token or whatever. Anyways, I'm I'm done with my rank. I
Just wish it wasn't called warp caster. That is such a trash name. Everything else is great
It's like I at least Twitter or Facebook like it's just two syllables warp caster
Once you hit that three syllable markets over
well, look and I totally agree with you Zico and
Yeah, I think it would be you know
Also, I think part of it is I like thread had put out a poll earlier today and was like how long do you think?
Far caster will be relevant and I think it was like 45% of people said less than one week and
The other options were like indefinitely, you know, two months six months, whatever it is
But 45% said less than one week
so people are so skewed and so bitter buys by friend tech and because
Far cast or warp cast or whatever is being
Defined by a lot of people on the timeline right now as the newest paradigm in social phi
I don't like I don't think it should be called social phi like it's like sure it's social and there's like a finance aspect
Yeah, we need to just not call it you just gotta get rid of the word social phi entirely
But I went through it to the hands. We'll go over to we got some new speakers rocket girl. What's up? What do you think?
Hey, man. I'm pretty nice to speak to you guys and I
It's it Zico just said exactly what I think about far caster as well
like I was on the beta a beta app like in God October 2022 and
And I've got like a sub 5000 a like ID number, right?
So I was before for tag, for example, I literally just got on to get my username
I was like, I've got to get rock a girl blah blah. I
Lost access to the thing for like, you know a few months almost a year and I came back recently like
They have literally I mean I'm a tech nerd and I'm also like an artist
And I just love the fact that it's got both of those things, right? And I
Might be wrong. I might be right
But there's something about the about the way it's so seamless and the way like what they've been building is not just a flash in the pan
You know, I'm like a lot of people are just going there now because it's the next best thing
But I just think it's really it's a good place to have like tech as equal was saying tech conversations and just you know
It's it's a different kind of metric to like talking to somebody on on Twitter or on Instagram
blah blah, but like like with anything it could be a flash in the pan, but I don't really think it is and
Yeah, that's just my take on it
But yeah, I just think the fact that they've been building it for so long and being being so intricate in a way
They've done it is kind of bullish to me
Definitely. It's not just like something that launched and went, you know zero to 100 instantly
it it really did feel organic and then eventually applications hit an
Inflection point in which it starts to get traction and more and more people pour in
I do think it'll probably hit a local top at some point and then
Level out as most of these things do and then yeah, it'll just continue to grow
And I think we really need to centralize social media. I mean fucking
Then we can't just be on centralized social media apps forever
I think they're great for the reasons that they're great
but we need like optionality is important and one of the most important things in crypto and
You know, we preach about decentralization all day, but we do it on the centralized web to application owned by
One of the smartest people in the world, but also one of the most volatile people in the world
We're at any given moment rules change algorithms are switched up features are removed or added
And I've said this before like they've done this on other applications like tick-tock
I do think there's a world in which Elon is like fuck it. You can't talk about crypto on on Twitter anymore
But like I would just like pitch you an example
Andrew Tate he's launching this shit coin or at least he says he is
Imagine he launches this thing and it goes ballistic. I'm talking like billions of market like it could it genuinely could and
Imagine for whatever reason there's like a contract
thing or bug or exploit or something happens in which the token gets drained rubbed or a ton of people lose their money, whatever and
You're telling me that you like that's gonna be a big story like Elon owned X
like facilitated fucking like Andrew Tate like woman hater coin that like fucking top G
Like whatever like that is not good PR and if enough people lose money or get wrecked
They could be like you know what fuck it like we don't care about crypto on this application anyway
We already took out NFT integration
We've already stated that there isn't gonna be crypto integration like this
Let's just go the full circle and just remove people's ability to shill crypto on this application if that happens
Dude, we need an alternative. Maybe it's far-caster. Maybe it's not but it's definitely worth thinking about I want to throw it to Naveen Naveen
What's up? What do you think?
Yeah, so I said this on thread guys space too, but I
Don't really view far caster as like a I don't really view it as decentralized social media
It's built on base base is not decentralized
I also don't really view it as web 3 social media. I view it as an ethereum fan club because
It really has a very ethereum
Centric point of view, you know, if you look at the top ten followed accounts on far caster
It's basically like all aetherium oriented people
And there's nothing wrong with that
Like I just think I think it's important to call it for what it is and then hopefully it grows beyond that
You know, like I think that everything starts any any good startup starts with a focus on like one core thing and
I think far caster was very very smart to focus on a theory on the ethereum crowd because the ethereum crowd
Yeah, there's definitely like this
Intellectual elitism kind of thing to the they think like their world is better than everyone else's world
But that's fine because so does all the other cults and crypto like all the like the Cardano people think that they're better than everyone
Else too, you know, like that's just kind of the nature of cults
There's nothing wrong with that. And I think that
It's just one of those things where it's starting at a particular place and it'll be very fascinating to see if it
Transcends that place right? Does it become more than an ethereum fan club?
And you know, like do the Solana people adopt it, right?
So then one of the speakers on thread guy space
Threw back at me and said we'll nevino that one of the fastest growing groups is the Solana group and I said, you know
Look, there's overlap with the ethereum crowd on on some level
Like a theory and people are curious about Solana people, too
But I don't really think that it's like the true Solana crowd
Because functionally people in Solana do things differently than a theory and people do
Like Solana people like different things than a theory and people do right? There's like a difference between these cults
And so I think it's gonna be really really interesting like can can it transcend, you know to get beyond
And you know, like think about how it works. It's like all about ENS that like that's it's all about ENS
Sort of like naming system integration and it's ENS
So a lot of people don't give a flying fuck about ENS. I don't give a flying fuck about ENS
I think you can sign up with a regular username. I think no, I know that I know that but they they in terms of web 3
Integration, you know, like the the naming system they've selected as ENS, right like that
They don't support dot Sol names or they don't support other naming systems, right? They only support ENS
In addition to their username. So so I think it's just important to call it for what it is
and in my mind, I call it an ethereum fan club and
Because that I think it's like categorically what it is
And I think it'll be but I'm not saying that to knock it
I'm saying that just to have a framing in my head because otherwise the narrative runs wild people start calling it
Decentralized social media they start calling it a web 3 social network
They start calling it all these other things, but it's not really any of those things yet
And it's it's it's gonna be interesting to see if it can transcend and become one of those things
And I think there is a limit to like how big it can become as an ethereum focused, you know
Sort of like community system, you know, is it gonna achieve like could it achieve a million registered users?
It could it could because look aetherium is a large cult, right? There is a fairly large group of people
You know aetherium has been around for a long time and you know
There's a lot of people who are very bullish for various reasons about L2s and all the other L3s now and whatever
How else is happening in aetherium land? And so could it achieve like a million users?
Yeah, it could could it achieve 10 million users just being an aetherium centric community system. I really doubt that
I don't think I don't think there's like 10 million aetherium cult members that really are gonna care about something like far caster
But it maybe gets to a million and then the question is is has it grow beyond that and I definitely don't think it's something
That like everyday people want to use it's way too
Specific so the way I would describe it is there's lots of niche communities out there in the world
Like I grew up on IRC. I grew up using things like slash dot, you know other like very niche
And those niche community things like so what what reddit did which was very successful is reddit kind of started
With some niche communities, too
But they build a platform that enabled the communities to like own their sub communities like subreddits on reddit, right?
That's how reddit did that the problem with far caster right now is all the functionality is so aetherium specific
That it's unclear like how would you like be a Solana person on far caster when?
Everything is so eth dominant and you don't really care about that, right?
Like and you care about your backs
You don't care about people who have a bunch of fucking arbitrum tokens or people who work at coinbase and care about base
Like you don't care about any of that shit. So that that's I think the challenge and the opportunity for far caster
I agree with some of it. I just grew some of it. I think I definitely agree with the aetherium centric thing
It's it's most definitely aetherium centric and while you can sign up for
You know, you can sign up with whatever whatever username you want. I'm essentially it is obviously skewed towards ENS
I do this the CEO of the company himself is saying hey, you know guys if your
Usernames not available to use ENS
I can mean like you got to look at it from that point of view like people are gonna follow the norms of
What like the leadership and the cult leader is saying so like yes, you can have usernames on far caster. You're right
That is true. But when you have Dan himself
advocating strongly for only one type of naming system that is
Specifically focused on one protocol, which is ENS and aetherium that sets the tone and that's a turnoff
To every other type of community because for me, for example, I don't I don't ever want to own an ENS
Never I think ENS is like straight-up fucking surveillance tech. I think it's trash
You don't you didn't see that you didn't like the announcement from today with go daddy
No, I don't care because the problem is when you register an ENS
It is automatically connected to it. It's an auto docs. It automatically connects
It's automatically connected to a wallet and there is no
concept of you having any sort of like
Ability to control what information is being shared as it relates to registering an ENS
I also think it's stupid that you have to pay every year for an ENS
I think that's also stupid and there's a number of things that are very stupid about ENS
You know, so but this is not a conversation about there's not a conversation about ENS
the conversation is about the fact that Farcaster has a
Ethereum centric worldview and as it relates to that it will be very hard in my opinion for it to escape that
Yeah, but aetherium is the most successful crypto outside of Bitcoin like I I hear you but that's and that that's fine
And and and I'm just saying to you that it is the most successful today
That is very true. But not everyone in the crypto ecosystem
Cares about aetherium. There's a large number of people who do and I'm not debating that with you
I agree, but to call it like
something bigger than what it is
I think is a little bit like of
Like sort of like a false narrative because it's not it's like so the bit Bitcoin people don't really care about Farcaster
You don't see a lot of ordinal, you know stuff going on on Farcaster
For example, like when I go talk to yawn at X verse the first thing he doesn't he doesn't say to me that dude
My god, the first thing we're gonna do man is we're gonna start spending all of our time creating content on Farcaster
That's not what the ordinal people say because they don't give a fuck about it. It's not for them
Okay, well I would I would say it's a good alternative right now to what exists. I mean, obviously it's not perfect and
Well good good alternative for who like here's the problem
Like it's a good alternative for people who want to consume and create aetherium content
It is not a good alternative for people who you know want to explore or a part of another cult
It's just not like if you want to go on Farcaster and you want to like think if so
you know the other thing thread guy said which is like totally true is one of the allures of
Creating content on something like X is the opportunity for your content to potentially in you know intersect with other communities, right?
there's always an opportunity that your thing will go viral in some way on X and
And then more people will see it and then you'll get more exposure
That opportunity does not exist on Farcaster because it's a very very small
overall community and if it's not aetherium centric content or something hyper intellectual
It's not really gonna go viral in that platform and virality on Farcaster means like you get 30 likes, right?
Like that's what virality means on Farcaster because it's just really small
So I think you also have to look at it from a time value situation or perspective, right?
Like when I think about posting a tweet
That is like it takes effort for me because I'm a slow writer and I'm not very good at it
Like just you know full the full disclosure. I'm terrible at it. But not only that I think about it like
Man, am I gonna put my time into like writing something that is for this audience only for it to be seen by like
Like put my time and effort into
Posting something on X even though Elon is crazy in some ways
Even though the platform is brittle even though all these other things that yes, we can all agree on many there many issues with X
But at least it has a chance leap
It has a chance of becoming a bigger thing than it will ever have on Farcaster
So that's also like an issue with this idea that like, okay
We're gonna go and post and post and post and post on this platform
And hope and pray that it helps to build like a franchise for yourself. It's probably not gonna do that
Well, I mean I would even think I would go as far to say that 99% of people who post on Twitter will never build
A franchise for themselves like true and that sounds that sounds very pessimistic
but it's like it's the truth and
You know it does a lot of luck involved. Like there's a ton of luck of being successful on social media
My opinion is like whenever I really want a tweet to be seen
I do work like I go out and I tell lots and lots and lots of people about the tweet and
Then that increases the probability of it going more viral
You know because the way the Twitter algorithm algorithm works as you well
Know is like the more shares the more likes the more comments that the tweet has the more visibility it kind of organically gets right
It can work in a similar way
But you're capped in terms of the outcome
Because the outcome is always gonna be like basically most likely sub 200 people, right?
That's like basically it's a capped outcome. So the way I would explain it to you
It's sort of like deciding to be an entrepreneur and you know have an opportunity to build a business
That's huge or the or the decision to run a restaurant, right?
Like a restaurant with a single location is always gonna have capped upside
Because there's only so many tables that you can fill during your like, you know during the time that it's open
Farcaster is kind of like that
like it's capped in terms of the upside and therefore the value of creating content there is like limited unless
unless you are trying to raise money from aetherium VCS and
Trying to like attract the attention of someone like a Brian Armstrong who cares about bass or
Vitalik or you know, like then there's value like Zico's point about being able to talk to aetherium centric people
You know in a platform that they care a lot about is totally spot-on
But you have to care deeply about wanting to talk to aetherium people because those are basically the most active people there and that
And the data shows that the data shows that like the most active people on Farcaster are it's like 99%
Do you but but people could have said the same thing about YouTube in its early days or even like Minecraft
like people who were making Minecraft servers very early on and like perfecting their building abilities people like what the fuck are you doing wasting your
Time and those people ended up becoming some of the biggest creators because there's a coke. There's a core difference
the core difference is that
Stands in opposition on many dimensions to other cults point of views and the system
So so YouTube didn't have
like you YouTube was a open like I was there by the way, like I was there at the very beginning of YouTube and
Still allowed people to upload
Basically, you could still create your own
Microcommunity on YouTube even at the very beginning because it didn't have these like
artificial constraints in terms of its construction right like so on on
Farcaster if you don't have if you don't understand how base works and you don't have an
ENS name in your profile and you don't talk about aetherium in like a positive light
You are it people on Farcaster are essentially foreclosed in many ways to like other points of view
That was not true on YouTube because you could bring your own audience to YouTube in
In a way that enabled you to create like, you know a brand for yourself on Farcaster
You're not gonna really attract an audience unless you're like hyper positive about base and L2s and you know now like whatever
parallel parallelized EVMs and you know
Monad and like whatever the fuck else people are excited about right now in aetherium land like that is the conversation that is happening in
Farcaster that is what it is
If you go to Farcaster and you start talking about token 22, you know
The new standard for Solana tokens or you talk about SPL's or you talk about fire dancer or you talk about like anything
I'm just giving examples of like Solana specific shit
You're gonna get zero engagement there dude like zero and that and and there's a huge difference and you're not gonna be able to
Attract the other Solana people there because the other Solana people are gonna be like I don't want an aetherium address
I don't want to register at ENS. I don't want to do these aetherium things
so so there's a there's a risk in
Over-customizing a platform like in my opinion what would have to happen is Farcaster would almost have to be forked
Like it almost have to like I think it'd be very very hard within that user experience
to build something that becomes really like loved by other cults and
That I think that's a challenge because in order to serve super serve the aetherium cult
You have to like build something that it has super specific aetherium functionality
You know and then like can you build frames on top of Solana the answer is no
So the frames are like built entirely connected to aetherium, you know keys like it's it's all an aetherium worldview over there
This is what I'll say and then and I want to also jump over to Amy because I think she has some good perspective here
The the way you're not saying anything that's wrong like it is. I know I'm not wrong leap
But this is what I would say though
Of course is aetherium centric because aetherium people built it like what do you think is gonna happen when fucking thousands of people from crypto?
Twitter from all different side they're going to sign up because they want that they're speculating the dropping tokens and also
Like we could basically void this entire conversation by asking the question. Is it an experiment worth conducting?
And if the answer is if the answer is and does it move us closer to what's potentially a true decentralized social media?
And if the answer is yes, not really. Oh
You're saying it doesn't move us close. No, but it's not because it's not decentralized at all
And and much more and much more so like you have to look at it from okay at the end of the day
Decentralization is an ideology. So you have a feeling about decentralization
But if you actually look under the hood and functionally ask if it's decentralized the answer is like basically no now
Could it be now? Is there a progressive decentralization opportunity here where it becomes decentralized over time? The answer is sure
I'm not gonna say that that's not true. Of course
So I'm just I'm what I don't like though is I don't like false narratives where people are saying
Oh, it's the future of web 3 social. I also agree with you
I don't like the idea of people saying oh, it's the future of social phi or oh, it's the future of decentralized social media
It's like no today. That's not true. But in the future, could it be true?
The answer is sure, of course anything is possible in the future
So like I will be very interested to see if it can transcend
Ethereum fan club status because that is something that I think Dan wants
I think Dan is a very sharp entrepreneur and I am NOT here to bet against Dan
I'm definitely not here to get bet against Dan. I think he's a really sharp entrepreneur. I'm not here to shit on farcaster
I'm just here to call it for what it is today and to say hey
This is gonna be a really interesting experiment to see if it can transcend what it is today
You know what? I think two quick things because I'm gonna hop down but
I think that's why they call it sufficiently decentralized, right? Like and the people that are saying that
The people that you're saying are coming up with these narratives
I mean, I don't know that's like people are gonna say whatever they're gonna say
It doesn't it's not a true reflection of what the thing actually is
and then I pinned this to the top, I don't know if it's bullshit or not, but
Apparently you'd be able to
NFTs with a single clip through Solana on farcaster sometime next week. I don't know how much validity there is
Zico, you know, you know what I was about to say before you jumped in and it's so funny that you pin that I was about
To say to Naveen all we need to fix all these issues is just get Mert on farcaster and you literally pin up
I didn't even see this tweet looks the Solana
Do you add Mert into anything just like out of like a little sprinkle of fucking pepper or salt on anything?
And you have the Solana dgens running in fucking maps
And if they can start mint because like you can mint with a click of like just like natively there through a tweet whatever
Like I'm telling you you start giving the Solana dgens a reason to go there
They're gonna not only take over that app
But I think the conversation will be and I also say this I think the separation between the Solana and eat community
Specifically is much more intermingled than I think what people are giving it credit for
I think there's a lot more people that are participating on both sides and would care to admit and like yes
There's the hardcore youth people in hardcore soul that will never you know
Interact with each other at all
But like dude it I wish I could do a poll or get some sort of real analytics
I would I would bet that the majority of people in this space maybe outside of Lucifer have an NFT from both
Ethereum and salon Lou. Do you have any eth NFTs?
Okay, yeah, I know we got to go to other hands
I'll just say one thing again
You got to look at it from what what are it's not a question of whether there's some like marginal overlap
It's a question of what dominates people's mindshare based on their bags, right?
so you have a bunch of venture capitalists on far caster that talk about VC and and and
Their bags are primarily ETH denominated like that's what they care about is eat stuff and that's totally fine
You have a bunch of builders or developers or want to be builders or whatever it is on far caster to all of the above
Who like primarily care about Ethereum stuff because that's where their bags are. That's where their focus is
That's where their attention is. So I think it just comes down to that and yes
Look if you get MURT and it's going to take more than MURT
But if you get you know, lots of other people, you know from Solano world coming in there and giving Dan feedback
The nice thing about Dan is Dan is responsive to feedback
So if he if he sees like oh wait, you know, I've gone too hard on this ENS thing
I need to support other name systems, you know, like then is he would he potentially do that? Sure. Of course
He's not he's not necessarily like hardcore ETH maxi
But I think you know, it'll be interesting to see like what happens over time
Like how can he bridge those gaps because there are people with different worldviews. That's all
Hey, Naveen, I have a question for you
Just feel I just realized Naveen never followed me back. So
Peace, bro. God damn it. Warren. All right, hold up. We got it. We got it. Okay
So we'll go to Ryan quickly and then we are going to Amy
And I got blown that in the fucking request to and you know blouse about to come up on a rampage
He's been blowers been telling me to use farcaster for probably six months and I faded him because I'm an idiot
And once again, I should have listened to blow
Okay, look Ryan if you want to ask your question to Naveen and then we're going Amy because she's fucking social my expert
So Amy Amy's the legend and Naveen, you know, I love you
I just wanted I came up because I I'm concerned. Are you sick? I'm gonna send you some soup. I can hear it in your
Voice, that's all I wanted to know. Are you okay?
And I'm sick if you want to send some soup my way to be honest what yo who's got the best handle on forecast
All right, drop your addresses in the comments and I'll send all you
You guys in the comments, yeah, yeah in the comments, I'll just I'll copy another rug another rug
We'll have an ENS only have you be in us he's only dropped air dropping soup if you have any in us
All right. I just want to say ENS is the most robust
Decentralized name service that exists right now. It's just true. Okay is the most robust. I think it's the best. Why does Naveen
Why did you not answer me?
I'm sorry. I'm in Dubai and I can't I didn't hear what you said. So go ahead and repeat it
Okay, I just I I want to make sure you're healthy. Are you sick? I can hear it in your voice
You sound a little under there. No, no, no, I'm good, bro. Okay. Good. It's just it's 8 in the morning in Dubai or eight
Okay, eight thirty seven. So my other thought was he's either sick or he's out there traveling the world
Being a boss making pitches and talking a lot making some deals. I just wanted, you know, I wanted to make sure is the latter
I only came up for that. I don't care about Farcaster. I don't care about that. I just want to make sure
Listen I don't I just don't care about Farcaster. I don't care about far same thing
Like it's like it just exists, you know, if there's attention there, I'll go there. That's all
All right, valuable attention is on Farcaster right now
Yeah, but I'm not trying to like I don't do likes for for money kind of stuff that stuff
I don't know. I'm not talking likes. I'm talking DMS, bro. I'm talking like that's stuff
Like how am I just gonna DM Mark and recent right now in Farcaster? You can't do this shit on any other platform
Sure, I'm just not into the like pay to talk to people kind of thing or have people
Yeah, so Ryan so Farcaster is the first like decentralized social media platform that doesn't have
Well, I fuck with your art style because it is hello contrarian
Well, anyway, I just came up here to flex that I figured out that um, you know people talk about ordinals being yeah
You're number 81. Yeah, I got options and stuff. Yeah
Well, I just found out that I was number 81 on Farcaster
They're selling for so much the like I think number 200 told for like 200 grand or something
I'm in I'm in the sub 100 Club. Let's go
I saw somebody I know their their number is 6,000 and it's going for multiple eat if you're at sub 100
It's got to be like insane. Yeah, baby. Let's go
Hey, I can't stand these international
Romero like honestly, you can't fade Dan Romero. He's a fucking beast
Honestly, I wish I was as good as him. Sometimes I really do. He's built so many successful
you built a lot of successful things at Coinbase and
We've been friends for a while. Blah blah blah. Yeah, if you said that
this is verbatim that Farcaster is not decentralized and a theory was gonna die in two weeks and also
That is not just decentralized and it's the aetherium cabal slash coinbase
I could answer this I can answer this because I've been on Farcaster for like two decades now
So they're up for two years dog
But yeah in in like these types of you know times when it gets dilated and whatnot, you know
But basically the front-end interface warp caster is centralized, you know
But the protocol is decentralized
So anybody in the space could you know link up with a 100x dev and put together a
Their own app client basically like you guys remember the early days of Twitter
When there was like echo phone and like all these other clients that interacted with Twitter
When it was a protocol Twitter was initially designed as a protocol and you could go read Paul Graham's essay
About how that made Twitter special and obviously Twitter just got super corrupted throughout to you know
obviously to this point you guys know the story but um, you know, what makes Farcaster special is it is like resilient and
Borderline anti-fragile to the extent to where you could whip up your own client and you could actually you know
Like the whole frames aspect is a paradigm shift in terms of software
Where you could put apps inside of you know, literal frames
Consider a frame like an image because it's just a rectangular, you know
Component of your interface. So, you know, you could it's just like anybody who's fading Farcaster
You know, like I just want to know why
Okay, hold on before we do anything else. We have to go to Amy Amy. I tell us why we're all wrong. What's up?
I'm a growth expert that got thrown into the fire when Jason decided to buy
Star's arena out of the blue after we got off a like 10-hour airplane ride
So I'm like flying the plane as we're building it kind of thing
So not an expert by any means but definitely really bullish at what we're doing at the arena
Like first of all Naveen is one of my favorite speakers on all of Twitter spaces point blank period
So just listening to him rant for the last 30 minutes was just a joy
But some things that he was touching on about his criticism
Really struck home with me, which is that
Like you have to kind of strike a balance when you're you're growing something and the blockchain space and not lean into
One lane too hard because then it traps you there and it's like kind of hard to get out of that. So giving
The chain that you're building on without like anchoring yourself too heavily there and making it too much of a chain centric
like entity or protocol and making it more adoptable for
People outside of the space making it
adoptable for people on different blockchains to want to adopt it is something that we talk about a lot internally and
It's like while we're built on avalanche and truthfully like my first
Real exposure to I like had it like
monetary exposure to a Vax
But I didn't know a ton about the chain other than just like a quick overview and people
Talking about it and just like having exposure
avalanche talk about subnets and the the concept of subnets and
Avalanche can have its own set of like each subnet on avalanche can have its own set of rules and consensus mechanisms and validators
And then these subnets enable developers to deploy specific use case focus blockchains
Solana subnet or you could have your own subnet that
From the security and interoperability of the overall avalanche network, but have its own set of rules
Like I just think the ethos of avalanche and like that being
that's like yeah, the the anchored blockchain is avalanche, but
Like many things could be built on top of it. Many communities should be able to
Interact and it shouldn't just be like this maxi avalanche
Platform, right? So when we're thinking about growth and when we're thinking about
Partnerships and we're thinking about how do we scale this and get back in to the eyes of people as a top
Social buy app that we've grown back to number three spot and TVL is looking pretty nice
Comparatively for the last few months. So we were like happy with where things are going
but when it comes to growth initiatives and partnership initiatives like a lot of what
We're doing and you'll be seeing like especially over the next week
We've got a bunch of cool announcements coming out that I can't like exactly what those are gonna look like
But it shows how you can be built on a specific blockchain
But have initiatives that really welcome that multi-chain energy like with different communities
with different chains and have it all
built on top of this platform
I also think that and another thing that I love about our platform is that
The smaller content creators can actually have an opportunity to grind their way up in the arena
And that's through the global timeline allowing people to discover and connect with people and that just
honestly allows the maxi bullshit to kind of go out the door and people can just vibe and connect and
It is it's like a fresh start for a lot of people and it allows new people to shine
and grow and and I I think that that's the initiative that we're really thinking is like, how do we
Synergize people because even on X
There is so much like if you
And you followed a bunch of aetherium people you're probably like your timeline is gonna be like fully
aetherium people and you're like, I know that Solana people like don't even know who some of the top
aetherium accounts are like they have no
Concept of who those people are so like the algorithm is is just not great
So being able to tailor the algorithm to help people discover more users kind of integrate those
That these chains these different people and have it like one big melting pot have a bunch of different community initiatives multi-chain and
And and really grow it in that direction makes a lot more sense
But obviously like if you look at our early initiatives
There was a lot of ode to the avax community because they're really strong and they really give a shit that we're we're building there
But they also recognize in that the community is super opening like opening up to wanting new people to be in there
And they're they're really welcoming of different chains and different people
They just want to see this be a place to thrive
And when I see different platforms that are just going
like one blockchain specific like when I hear people like oh this should be a like Solana social by app or this should be a
like whatever social by app
It doesn't it doesn't breed
like growth it doesn't breed adoption and I I'm really proud of the way Jason and Philip are
Growing this platform and being able to activate and kind of start some of these initiatives with them
The the bigger picture. So that's kind of my take and that's where we're coming from. So throwing it in there
well, I'm excited about what you guys were doing and also bullish on you and Jason just
hardcore grinders to say the least and
Look we need optionality we need like in my opinion the more the more people trying to do things like this the better
and I also heavily agree with you on being centric to one blockchain like I think it's cool in the beginning, but
Ideally everything would be interoperable even from the social side and the culture side and like I said before
I think there is a lot more intermingling between different blockchains than the timeline would would tend to make you believe
Like most people I know are both aetherium Solana Bitcoin like they're doing everything except Cardano
Let's be honest. You didn't that you just didn't have to do them that dirty
Like it's an Algorand like we'll not you know, she and that work they're doing their thing but
Well, look I want to throw it to some of the hands here we'll go to Zintani Zintani
I mean, what do you think? What's up? What's your take?
Leap, um, I love Amy, but this is a lot of nerd stuff. I can't keep up. I really can't I'm not gonna try
Leap when is web 3 Love Island because I I need to get married. Let's go
Waiting. I'm always asking
I'm looking for my web 3 billionaire husband
Everyone else is a broke loser
Okay, yes, I I sponsor this message. Thank you looking for looking for
Okay, we're okay. First of all the first person to build them
The first person build like a dating app on Forecaster like only fans ex Forecaster. Okay BRB
Zintani then you're gonna have all your like, you know, lovey-dovey talk with your husband is gonna be about, you know
you know L2's and L3's and you know and like
Paralyzed EVM and all that if you want that and go to start with the nerd stuff. Okay, not not with me
Okay, I don't know what L2 L3
Okay, can we not throw R2 D2 does not the only thing that the only thing I understood was only fans
I'm not that's not right. That's not what I'm looking for
Decentralized only fans on Farcaster. No, my girlfriend actually just asked me what Farcaster was it made me very all right
We get it together here. There's only one thing I know and the show is sponsored by Game and IO, right?
Yeah, yeah, shout out to them. I'll probably never get a sponsor again. So that's cool
whether it's only fans whether it's
Anyway, okay. Look we need it. We got to go to the hands here. If you're enjoying anything about the conversation click
Click I just lost my train of thought
Click that button the bottom right hand corner of the room like retweets and comments are the best way to support this space
And if you guys are feeling dandy and want to come on up and give a hot take hit the bottom left-hand corner
There's only 22 requests. So wait your turn and we also have the aetherium
We have an aetherium expert aetherium fanatic appear to be so if you guys want to debate him there too
Like we can definitely run it
Look the beam look blouse blout. I don't know if what Naveen saying is true. He's saying that base is centralized. Is that true?
All right, blouse too busy building to centralize dude, it's true. I was muted. I was muted
And it's single sequencer equal centralized and controlled by coin base well
First of all even aetherium is fucking centralized because all the fucking state the theorem is in to gallant to delegates
Like there's a there's are there are arguments to be had
Okay, the whole idea of like what is what is actually decentralized? There's really only one
Decentralized blockchain in its truest form and that's fucking Bitcoin. That doesn't mean that like what about the narrow bro?
He's taking a lot what was that?
Just just just hear me out. Just hear me out. Okay?
There are degrees of decentralization
There are lots of variables that play into what makes something decentralized or centralized. We are not
I'm not in the headspace to debate or go down the rabbit hole of
Execution layers and consensus mechanisms. I would like to debate execution layers and mechanisms with no
It's not you just said you didn't want to I would like to debate then
All right, you know what we're gonna do. I'm a man of the people
You see that button at the bottom right hand corner as 61 likes right now
And if that reaches 85 likes in the next 60 seconds, I will make Zintani co-host. It's in your hands
That's the rubber band of the people this is spaces down
All right blout to the consensus mechanism was centralized. What's up? No, no, listen really normally
I like to talk theory, but sometimes you just got to remember like a lot of people
They're here to make some fucking money
That's why they're here. They're in the audience. They're waiting for their pop
They're waiting they heard a story about their friend came money making 73 million dollars in Pepe
you know, they hear that story and they say I want to get into crypto and
That's not how I ended up in crypto
But that's that's how some people end up in crypto and you know
Farcast is just a place where there's a lot happening and we don't know if there's an airdrop
We don't know anything, but there's just shit happening there. So we go check it out
You know, that's that's cryptos you hear about shit. You go check it out. Maybe get an airdrop later
Maybe you don't guess what nine years later that I've been in this
As long as you just try some shit out something's gonna work
That's that's my advice. So that's what we're talking about talking about
See if it works. Maybe you don't like it. Maybe it's some speculative meme coin
Maybe it's I'll never forget the first time I fucking pull liquidity and in a uniswap
Like oh my god was so scary
I was pulling pulling like defile liquidity from other proof liquid LP tokens from other shit and you swap trying to make some fees
Shit's fucking scary. Guess what? We're in crypto. We're just fucking scary
but if you stick around long enough something's going to work for you and
Farcast are just a cool thing that's happening and it's been happening. It's that it's not like a friend tech
It's not like it's not like any of this other stuff that you heard and I thought friend tech was really interesting at first
And then I learned a little bit more about the mechanics and I disliked it a little bit more
It's we're all just fucking around in crypto. That's why we're all experimenting thinking about what the future looks like trying some shit
Maybe we lose some money. Maybe we don't and it's fun. That's what that's why I'm here. I love it every single fucking day
I love making music and talking about crypto
And if I only had to do those two things for the rest of my life
I'd be very happy which is basically what I've been doing for the past three three years. Yeah, so I have to say leave
Well shout out to crypto and oh
If you ever hate on a chain if you ever hate on a chain and you haven't used it your opinion is invalid
Like genuinely I hear so many people just like hating on other blockchains and they've never even fucking tried like there's some there
There's some things maybe you shouldn't try but like so long as there's like a reputable figure that is
Docs and behind it and that doesn't mean everyone has to be docs
But like just saying if you have an opinion about a blotch and you haven't even fucking used it
Go fuck yourself. Anyway, wait, can I have an opinion on Cardano if I haven't used it? I
Never used Cardano and I definitely have an opinion. So I just contradicted myself
but that's because I know other smart people that told me their opinion and so I'm just going by their opinion, but
Yeah, I'm a spacious hose. I've never formulated my own opinion
Look, we need a we need to go to the hands. We're going over to mr. Line mr. Line
Talk to me. What's going on?
Sadly, I appreciate you having me up man. Yeah interesting conversations
Then there's like three kind of key points that I've picked up on amongst all of the craziness
Like number one you said earlier get rid of the term social fire, man
Like there's only two reasons to use social fire in any way one is to unlock knowledge, right?
You're token gating knowledge from people who know more than you and can maybe make you bags or help you
You know improve yourself. Well number two is the farming man, and it just doesn't work like end of if you're posting and getting
7-hundred comments, which are all letters and go and that stuff just doesn't work man. So I think far caster is
Kind of definitely looking at being a platform
Which I think is the is the right way forward, but it comes back to intention
You said it at the beginning pure intention man Bitcoin started out with pure intention
And I just don't see many of these products starting out with pure intention outside of revenue making money
You know three for three or that shit. So just more takes man, but in during a conversation, bro
Also, I got to give credit with credits do I
Saw this shit a few months ago. I thought it was pretty cool. I brought it up on spaces a few times
He's in tiny knows this because I used to always joke about this and in my old streams
but we used to always joke about like web 3 love Island and
It used to be like an ongoing thing
There's a there's a guy he's actually pinned to the top in the second pin tweet and it's called Unlonely
I have no affiliation with them
I've never contacted them in any way but like what they're doing is fucking hilarious and it's built on top of far caster
I think and it is basically web 3 love Island where they bring like to
like a like a bachelor and a bachelorette essentially and
They they do like a date an e-date on camera and the community can actually vote
Natively within the chat and gamble on whether or not they're gonna like hook up
Essentially, it's fucking hilarious and it's it's actually getting a lot of traction and it's built in an interesting way
So I have no affiliation with them, but like I kind of fuck with what they're doing. So definitely check it out
It could be a giant scam and I think they have a token too
So I have no I'd like do your own research like who fucking who knows
But anyway, it's kind of funny. So look and I I watched one of the streams the other day. I was pretty entertaining
Okay, look we're going in the hands
Why am I getting down voted? Do people not like Unlonely? Is it not dicey something incorrect probably?
Okay, look we're going to the hands. We're gonna psionic psionic talks me
I don't know what that fucking bootleg Taproot wizard PFP is but it tells me that you have a you don't know what?
Jimmy you uncultured Dorito
Don't know what it is. I guess I'm Jimmy dog
That's a 2022 mint in print
All right, the 22 mint in print, but what would you know about prints? All right, look, can we can we just psionic?
Please the stage is yours
Yeah, I thought I'd come up and talk maybe a little bit about decentralized social cuz so Jimmy the the PFP
They're aliens that came to earth to bring you a new decentralized web 3 social
so I feel like you know qualified maybe to talk a little bit about
Farcaster and I think I think maybe people are actually kind of
missing the sort of key idea with Farcaster, which was
Which is kind of the same thing that I had to think about when we were building a social platform
Which is if you're building a new social platform right now
You don't want to build it like Twitter
Where the the user accounts are centralized because we've all found we all know people who are banned
From Twitter and it's like a crime, you know, you spend years building up an audience and you get banned
The kind of like first thing you have to solve if you're starting a new social platform right now is to have a
decentralized user account system and those are called D IDs or decentralized IDs and
So Farcaster is not the only protocol solving this
And the way that Farcaster solved it was to put the user accounts on the Ethereum blockchain
So like they have something called like Farcaster ID registry. It's called F ID
So when you create an account, it's like your account is going on the blockchain
But that's like as far as I know that's like the main thought maybe the only thing that actually goes on the blockchain with Farcaster
And then the actual posts are stored on these like web to servers called relays
so that's the key thing that Farcaster innovated was this decentralized ID and then there's alternatives to there's like
Which is almost like IDs are almost like Bitcoin wallets, but they're not Bitcoin
It's just like a public private key and then there's another protocol called app protocol
Which is what blue sky uses which was like a which spun out of Twitter
And was like made it was Jack Dorsey when he was there
I think started blue sky to kind of like make Twitter decentralized
So I think that like people are looking at Farcaster kind of through the wrong lens
they were trying to and the the reason that it's on Ethereum was because you know, they needed to solve this decentralized ID problem
So they put it on the Ethereum blockchain
Wait, did he are you is he rugged? No, no, I was just always a question
Oh, no, that's that's that's a really great explanation and just a two-cent edition is like
Decentralized identity in general is a really difficult
extremely difficult problem
You have to think about like Dan and Varun thought about
Thought about how they'd build it for a really long time before they even started building and then of course
Warpcast is just a client
But the identity piece is the set is the core of any social platform and pretty much every web to
Identity system that we've ever used is flawed in its own way, right?
And so that's I think that's like partially why people are really excited about
Farcaster and warpcast is because
With the reason why it's taking off is really because of frames and it's just showing you like how a more open social identity system
Built on like let's call it steel aka web 3 rails
Like how much more potential that that that has for developers to build on top instead of having to call fucking
Shitty Twitter API, right? Like that's that's what's so special about it
Yeah, it's like because Farcaster built the the identity system on aetherium then it was also
Kind of it was almost like a bonus
I'm sure with their intention from the beginning but it was like oh well
We have crypto wallets built into our platform and so, you know, let's use them
And so then things like frames come up where oh we can you know
You can spend crypto on some action embedded in a post. So and a lot of like
Farcaster is not the only protocol kind of thinking about this or for client thinking about this and like
Like for my project, you know, the idea from the beginning has been hey
What if we combined crypto with Twitter, you know, and that's essentially what Farcaster is and and there are other projects as well
Who have the same kind of concept?
So yeah, I mean it's great, you know there but it's true
The decentralized ID aspect of things is is like a really cutting-edge problem. It's kind of just now getting solved
Even Mastodon that which uses activity pub didn't really solve it
and so that's why Farcaster and then these other protocols like at protocol and noster are needed and
so yeah, that's worth that worth mentioning when you bring this like
We started thinking about what this would look like for a musician's identity for for
Representing ownership of music on chain and like how that would be attested and who would qualify it and that problem
I spent with my team like two months really thinking about we elected not to even go down the road because
It would be it was it's a hyper specific type of identity protocol
That would require like an insane amount of off-chain data to like there would have to be a central party verifying shit
And it just got you know, if you guys are really curious about decentralized identity
Vitalik has an amazing blog post
I don't know which one it's in but it's kind of it kind of talks about how
There's always going to be some point where like a government has to say this person this this is this person is a father and
This person is a mother but a father and a mother could co-verify their their child, right?
And so there's there's always gonna be like some initial point, but you could totally like start thinking about
Degrees I'm trying to get this as simple as possible degrees of separation but still having valid identity and like trustless finality is like it
is one concept that I think could apply really interestingly like when you start thinking about decentralized identity and
And how that can interact with different like across across their blockchains trying to keep this simple for it's like actually really hard to talk
About this simply cuz all I know is the fucking jargon. Anyway
Yeah with that, I'm like we got some cool people on stage. So maybe we throw it to taco. How you doing taco?
GM GM, how is everyone doing?
Well, it's good to see you ever
But no, so one thing the reason leap I was giving you down down thought it is built on base
was part of season one of
Love on chain, I guess you would call it and the next it's vibes is the token there that's built in
it's more of just a voting mechanism that if you like how the
Date show is going and enough people buy into the vibes
Then they have to go on a date if enough people
Vote down on the vibes then people then that then the date ends. So there's some cool stuff built into that
an a-hole and wind back to clock on
decentralized social media
Literally have to remind everyone of D so
Which is literally a decentralized social media chain
and like some of the things that came out before like
Entre which is a web 3 version of linkedin that's been out for like three four years now
And that was up, you know who remembers bit cloud and those days
Way back in the day. So just want to remind some of that shit
That this is not new. This is just being
Awesome people are building really cool shit and and frames is a really cool
Add on to all of this. So
I don't know if you guys saw but like Mert was doing something on like when is a frame gonna be added in to sense
Then soul so, you know that you can do all sorts of cool stuff and this is just really
where you're mixing the D gen with like web to dev stuff and
It's just where you can actually play and build within that stuff. So there's some really cool stuff
Trying to help right now with adding
Doing cast video casting within frames so you can actually like port
Like either your twitch stream or like your rumble or kick stream into a frame
So that that's added in there. So there's some cool stuff coming out
It's also down right now because it's so popular
Yeah, it is a little bit. Yeah, it's it's it's a little bit of
Degraded service right now, but it's it'll get I guess, you know, that's a sign of something is that went of good
Wouldn't you say that it's more people having been there before when it when an app is crashing?
It is a when it happened to us the first time I felt so shitty about it
But all of our investors hit us up and we're like congratulations. I'm like what the fuck do you mean?
Like well, we know there's just a shit ton of people trying to figure this out. So I think it's it's usually a very very good sign
Is one of those things to where when you you like?
But founders love it because it means you're getting you have more problems than you're able to get into and fix right away
But people are building it out and allow I I missed
Missed when you were saying you were still working on the musical artists ID stuff. What are you doing in that? Oh
No, no, we elected not to go down that rabbit hole because we felt
To an extent. Yeah, that's about right
The amount of effort for for what would have resulted
Reasonable. Are you and I love seeing Emily up here, too. I'm sorry. I'm not on on your tour with you
I hope you're having a blast but loud on tour. I'm not a tour yet
We got somebody else it's all good
That was that was a great call to get and like you're a safe driver. Okay, cool
I'm driving a metal bus road for a couple months
This whole thing is kind of me thinking about other social media
So I just went to my space just to see what it's like right now. Holy fuck. This thing is the bastard. I
Definitely suggest people go look at it
It's we should make my space down by this shit and fucking turn it into the real decentralized social media
That's the move guys. Look, okay. We got it taco. I appreciate you and love having you up here as well
I feel like Zintani has a great take. So we're going to Trevor Trevor. What's up? What's happening?
Yeah, I'm pretty bullish on far caster
I'll say why but first I have a question for you Lee does it have anything to do with decentralization?
But uh believe I have a question was that you know, I wasn't it wasn't I was trying to get home in time to do it
No way someone sniped it on you. Anyway, um, there was um for for reference
There was a one of the pizza ninjas was I mean it was fucking blue with a top hat and blue laser eyes
Like it it couldn't have been more perfect
And I just like wasn't by my computer
So I got it if you can figure out who owns it and they'd be willing to sell it to me at cost
I'd fucking or even like a little bit above cost. I'd fucking I buy it tonight
I'll definitely look for him
So, you know, I think a good analogy is like the threat the hype that we saw with threads with with Mark Zuckerberg's, you know
Twitter competitor or ex-competitor and I think that the big difference for me was really also when I saw frames
So there was a developer flick who launched an ordinals mint in a frame a couple days ago
Really innovative and opened my my mind to like what you can do on far caster that
People are actually already doing
Like I know it's been around for a while
I signed up like a year ago and then kind of didn't go back
But just like the level of building over that time has been pretty impressive
You know, there's another decentralized social number called noster, which a lot of the Bitcoin community is pretty big on but
Far caster is like way further along. And so and also a lot of the
Developers on noster, they're not into NFTs or ordinals. So it doesn't really have that identity or community layer that I think you need, you know with
You know smart contracts and web 3 and whatnot. So I don't know that it's going to that it has the right direction
For a decentralization perspective. It's pretty compelling. But for me, I think the most compelling thing about far caster is just
It seems like it already has better functionality than than X
I mean like I sign on there and I you're like I can build a mint
You know for my project into the app when I just tweeted out people just click a single button
And then have to go through multiple pages to do it. I mean, that's better. That's meaningfully better on a feature level
And so there's something underlying about far caster that you know at its core
I think it's gonna surpass X at some point, you know, if they keep playing their cards, right and execute well that
Like these apps built on top of far caster are gonna surpass, you know
X in functionality in a step function way
Because you need to be a step function better
You need to be 10 X better 10 of 10 X faster 10 X cheaper
To even make a dent and I and when I saw the frames thing and I saw people were doing these mints from like
Within the the post itself and then my mind started realizing what else we could do with that
It really clicked that like this could
How is the Bitcoin community thinking about?
Like decentralized social also by the way
We I think we have a bit cloud employee in the comment section in the in the request right now, otherwise known as oh shit
so if you guys want to run that I also know a couple people that that worked at bit cloud very early on and
They've been in our spaces before and we've had debates with them
So I so many people pumped and dumped my fucking bit cloud. It was embarrassing. It was embarrassing
It was like so much worse than than that front-end. I remember watching that blow
Remember watching your two people were
You can still find old login pieces like if you still have remember your cell phone number that you signed up with if you still
Go see what's sitting back there
All right. We're running it back running back bit cloud bit cloud too
Well, look we need to we need to go to the hands I think he's in Tony has a great take so we're gonna Lucas Lucas
Well, so I think you said optionality it was interesting to think about
Cuz the way I think that with the way I think about what you're you're pointing to there is like
The money is structured differently on different chains and
It makes it so that they're viable for different investment strategies at different stages
bit of an ETH maxi is that I think that the place this goes to is an infinite circular economy and
So I see that on ETH the gas fees make it so that you have to be like, you know
It has to be a trade worth doing and if you were to think about like
Everything on ETH like that and the whole world economy on it on a blockchain like that
Then it would create the gas fees, you know, at least how I'm understanding it, but I'm also not a
Not a tech guy. I'm way more of the social economic side
But like it creates a deflationary dynamic, but my thought
And now I've the name has slipped me but the ETH
Social like social finance platform that we were talking about
It's like if it's a concentration of ETH maxis the question for me would be why are these ETH maxis ETH maxis
Because that would tell you about what their common values are or what their common focus is
Like what are they doing somehow with ETH or what do they see in ETH in?
You know, that's it like that's in common. That's facts, especially in the social space. It should be decentralized maxis
Not a coin maxi a maxi on decentralization and truly owning your social identity. I
Think that's cool, but I think it's not enough for to beat the network effects of what we have here on X
Well consider that it might be
Somehow like this is what I was asking
Perplexity AI about when I first you know, this is the first time I've ever looked at this
but like could the eat the ways that
They incubate to structure finance like at this high level of let's say
You might think that on an ETH maxi
Networking with ETH maxi platform, you'd get like high level design conversations about the future of ETH
like how might that become, you know, even absorbed into X or like
Profoundly interoperable so that it's like this is one of the limbs of the financial structure of the larger platform
That at least is like the questions that all of those things
Farcaster right brings up for me
Also, can you guys tag thread guy in the comment section because he's watching a farcaster podcast right now
And I'm telling him to come to bait in a mean and I can't believe far casters down right now
I'm just trying to fucking cast some shit. That was the same thing. I've ever heard of my entire life
You're trying to cast I look
Think about how stupid the word tweet sounds past makes so much more sense
Are you birds tweet what animal I'm passing spells?
Your magical internet money we bugging this is Hogwarts
Hold up. Okay. So wait, were you an employee of big cloud? What was the dude? I own high key
I'm an investor of D so big cloud is simply an app that was built on the diesel blockchain
What is that? What is D so doing now? Like is there people using it? Yeah, dude. It's awesome
active users is probably like to 3k a day and
Focuses the upcoming app that's about to launch essentially essentially bit cloud 2.0. It's like from the same team that made bit cloud
From the makers of your favorite pump and dump we bring you pump and dump the sequel
What do you mean pump and dump bro, I'm the number one holder of creator coins on D. So what you know about it
I don't know dude. I don't know. I'm sorry, sir. I wasn't familiar with your game
So I'm gonna go. No, you just just do your own research. Honestly, what does that mean? Do you I OK money?
D so calm just do your own research. I'm not gonna I'm not gonna show you anything
Just as you got to do your research if we're really talking about social and becoming decentralized
They say there's 3,000 daily active users
Yeah, like 2 to 3k. Okay, no further questions
Well, that was so long about that's a lot of
But I will say this Jordan I went to your hood D so and they did not know you what do you mean my hood?
Not they did not know you is crazy
Okay, all jokes aside big cloud did look at the end of the day
I the first thing that I heard about in quote-unquote. I know it was built on Bitcoin whatever but no, no, no
Not building because they used Bitcoin
Sorry, you basically put money in and then it was stuck there
I can withdraw my diesel right now. You can withdraw it on coinbase
No, no, I'm well aware that it became I'm well aware that it became publicly traded
Later, but the dilemma was you basically put your Bitcoin in this gambling machine
Then all you could do is like bet on your friends, but the money that you put in couldn't get out
We're on the same page big cloak crashed and burned, but I'm not talking about that club
Big cloud is or effect. We're at one point to the same thing
They might not be anymore, but honestly, I don't know and I don't give a flying fuck
No, this was the blockchain, right?
That was just the transitioning of the coin being called big cloud to do so, but these those the layer one blockchain
Okay, well leap go go wanted to come up on stage to talk about other farcaster clients that are more cast
And I thought that was pretty interesting
Okay, which one of you lovely speakers are gonna take the hit for go go to come up here
Look, I will um, Jordan we will talk more about because there's um, maybe maybe go go anytime later
Jordan, what is the name of the I cannot fucking remember his name right now. He hosts spaces or use a lot of fall
No, I think he did space. Oh, sorry. That's the only person I think yeah, I think a big cloud or
Yeah, Mario went crazy or hosting spaces Mario was going crazy
No, but there was another guy Jordan who was yeah the D so team back then who he's come to our sphere
I have the scenes crowds of teen twins
No, wait, are these the biggest pale wells of D. So is Krasn scene twins and Mario to fall
Look, okay anti-key probably. Oh my god, dude, this sounds
So well, no further questions
I think I think Jordan that it's just the thing is like a lot of people just have such like a bad connotation
There's such a bad connotation with anything that was picked out and you I mean you probably understood dude, I think well crash and burn
We're on the same page guys. I
Jordan one last question. Are those safe moon laser eyes?
No, those are D so eyes brother. Oh shit. Okay, you know, it's like those look identical to the safe moon laser eyes
All right. No, I don't know what that is. Okay, that's good. Never mind
No further questions the fact that there's D so laser eyes is bullish though. I got to admit
No, I've just done done the research right like we're here to talk about decentralized social, right?
That's what we're all here for. We're all here to decentralized social media. I was just here because I'm bored
Yo, I'm here to make money
I've been here this whole time leap has been talked about decentralized social my wrong leap. No, no, I happen
I have oh, is that what D so means? I am here to speculae
These nuts stroke this whole time like I was just waiting for him to be like, you know D soaking nuts in your fucking face
Okay, hold up Zintani's got a great take so we got to go to OG
OG what's um, can you talk to me here? Like you got it's on you're like the it's an expert like what's going on here
Bro, what what the fuck was that transition? You're like this. What's going on? Alright, bro. I have no fucking idea
What's going on? My question is bro. What the fuck is far caster?
Am I late? Is this gonna be a three-day thing like blue sky or like what are we doing here?
Well, I mean, yeah, okay. So OG it's it's like Twitter
But for like, you know, like just more like, you know tech people who are builders
So you've really got more a theory of nerd. Yeah, you don't know reason to be there kid, right?
So like a solid maybe go to kick calm
Kick calm slash it. Yeah, that's more up your alley last night
We're not gonna talk about yeah, maybe go to build a bear workshop and like just figure it out, you know
You know what? It sounds like to me Kay money. It sounds like you got a dyor on D so all right
So you got me I'm hoping to be the 3,000 in second user
Is it is it really gonna be like can somebody actually talk to me about far caster?
Like I feel like it's just gonna be like a week long blue sky thing. No, no, no, no
Listen, listen far casters been development for two and a half years. Dan and Varuna geniuses who started it
It was very slow in the beginning. They launched a new feature that enables you to embed
Let's just let's just call it in feed embeds for anything you want. We could not be a worse name blau
I'm not gonna lie. It's got to be a little bit less friction. It's all the frame. What wait, just it's called in feet in beds
No, no wait, I'm in. Yeah. No, okay. Oh gee
Yeah, our caster is just where like a bunch of aetheria maxis go to jerk each other off
while they talk about how Solana is doing more volume on decks and
While uni swap is just fucking jerking themselves off and doing absolutely nothing
I mean, bro, it sounds like a good place to go to watch. I'm not gonna lie. Okay. Can we just get this?
Apparently it's a just signed up og if you want to go check it out. Um, I
We need to we need to get this back on track. We have like an intellectual discussion here
Bro what I'm never gonna get sponsored again. Look, can we go to the hands an
Intersexual discussion, bro. I gotta remove him. Wait, wait, what's going on, bro?
I I had to remove him for that one. That was it wasn't even a joke
Maybe maybe D so can sponsor space with you in the krazen steam toy
Okay, you guys can talk about the geopolitical, you know economic state of the world together
Leap sounds leap sounds pretty pretty on point, bro. You
Can we just all right Jordan we're gonna we're gonna get to it we're gonna talk about D so it up a bit cloud
Would make the Zintani joke again, but it's probably not gonna be funny for the sixth time
So Zintani has a great take we'll throw it over to Emily Emily
What's really yeah, exactly what is going on we um, I am
Confused so the farcaster thing
Is there any sort of coin thing going on over there that you can buy and sell people or like is it just like?
Speculative element unless you want there to be a K you go and mint someone else's random shit from a frame
It is literally just crypto Twitter. Okay, so why do we need it?
You don't you don't need it. You don't need it at all
It's it's really that simple. Okay. Okay, so it's really cool
What we don't need it what problems is it solved exactly?
The biggest problem it solves is is the idea of you controlling your own audience of followers
No, but like imagine, you know
You don't own your Twitter audience. Exactly. Okay, so you own this audience
Yeah, the first time that's happened
You guys out of your fucking minds
It's a goddamn zoo in here. We talked about the aetherium community being cringe. We are cringe
The spaces community is the most cringe
Okay, well, yeah, it sounds like a skill
I might I feel like I mean Emily I could I could explain it but I feel like I just repeat myself
Well if you want I could you know, I could simplify it yeah, so Emily yeah farcaster is just where you know
Vitalik buterin can go and you know not have to worry about the the really
You know tough things that comes with being on crypto Twitter
Which is people replying to you and spamming you with the meme coin tickers
So that's his safe space so he could go post his boring threads while he continues to sell every aetherium pump
Which is why we'd never break out of this channel that we're in
That's a take that's that's an accurate that is an accurate take it is a I wouldn't it is a take
My take is I love portable audiences and I think it's dope and I like the founders. So that's why I use it
Well, here's a quarter. Wait, what is portable audience? Yeah
Guys, I'm not even gonna lie. I had 26 calls today. Okay, I cannot do this shit hands
Like we need everyone's jumping in a Zintani has a great take like we need to we're gonna throw it back to Emily
Emily and then we're jumping we're jumping in the hands. We gotta go
So Emily if you'd like to finish your take and then we can we can move on here. I
Appreciate you. I'm so sorry about the zoo. Um, but wow, how do you own your audience? Yeah, Emily, honestly, I I
Would love I don't know if you have my number
I'm gonna DM you my number and I will leave you a voice note with a real explanation
without getting muted and all this other stuff and and I'm gonna probably go in my AVP and fuck around with some shit now cuz
like spaces and stuff, but
there's other interesting things too and
The bottom line is the bottom line is this if you're in crypto you got here because you like to try experiments
Don't fade another experiment unless they're trying to scam other people if you're fading the scam. I love feeding scams
I love it because I hate those people and they give everyone else who are trying to build real shit a bad name
But I what I will say is this Dan and Varun are fucking heroes. They've been building crypto products for nine years
They started far caster three years ago
I was I guess user number 81 which is kind of insane because I believed in the vision
I didn't at the time feel like it was anywhere even close to execution. It's a very difficult
They solved a very difficult problem
and it's working and the difference between far caster and any other crypto application in history is
That it is the first application that does not require speculation to get involved at all
That people actually genuinely want to use for the network effects of the apple of the at least client application currently
So that's what makes it really cool. Is there any other crypto experience you've had that didn't involve some degree of speculation?
For me, this is the first time I actually got engaged for a non speculative reason outside of my own products at my company
and that's what gets me really fucking excited and
And I also use it because there are other smart people on there and I could see what those smart people have to say
Without getting like a money said spam by five million ass fucking mean coins in my mentions
Which like makes it impossible for me to talk to anybody on Twitter now
I can talk to them on farcaster and it works really nicely
But that that's why I like it. You don't have to try it, but Emily
I'll give you like the real reason why it's like cool for creators on text cuz it's long
It's long, but it's it's valuable and I think you'd appreciate it. But yeah, thank you so much. Appreciate you. I
a whole bunch of soul movers are moving over there, but I don't know what they're really
What their end game is but a bunch of people are activating over there from Solana. I
Hope look I again I root for great entrepreneurs
I think Dan is a great entrepreneur
so I hope that they can find a way to
Make it work for other communities as well as it works for each people and I just again
I just think you know, I'm calling it for what it is today
But that's not what it will be tomorrow and I think that's awesome. That's all I have to say about it
Guys the content on farcaster isn't even stored on chain
Doesn't it doesn't matter it does matter you need to own your own content
Bro, okay name one. Okay, let's have a quiz
Name one NFT that you own of which the actual SVG or any of the actual content data is stored on chain go creator points
OMB, so fucking content data if I create a coin, it's not a female
Jesus Christ, I need to leave this face
Before you do though, let me talk about what I told you in Dean
Dammit Jordan. Okay. Look new sheriff in town boys
Absolutely not I get too zesty. All right, we're going to the hands. We'll go to go-go
So I think where a lot of people are getting confused
Get into farcaster right now
And even Blau who's been on the platform
Just kind of hibernated and is now reactivating himself. He didn't realize until I showed him that
when warp cast which is an app built on top of
the blockchain protocol that is
Farcaster when that client goes down because it's not used to all this traffic right now
It doesn't mean far caster itself is going down
so there are a bunch of different apps you can choose to use far caster and
one of the apps that I like when warp cast has too much traffic over the past week because everyone's flocking over there is
I think for people looking
For like a really basic but also helpful
step-by-step about what far caster is and what it brings to the table and also the difference between this and and
the apps built on top of the protocol is an app written by
One of my favorite devs in the space. So I'm just gonna I'm gonna pin that up
Think this one is more useful than some of the like long-winded articles
put out by Zeneca and other people this one's really to the point and
What it is is just showing to you that you are
On top of the protocol they have built which is now migrated over to optimism mainnet
Just plain aetherium. It's over on optimism
Decentralized ID, which is what Blau brought up earlier
They call it an F ID which can then be associated with as many other
Usernames as you want depending on the apps that you're using
There are so many apps being built on top of the protocol. It's really like a rich
Space over there for builders and developers and has been going for like the past
So right like up until recently it's been a space for a bunch of like tech and creative nerds and artists
People are getting wind of it now
I think because a lot of other like content creators are starting to go over there and trying to see what what's up
It's not a like a social fly. It's not there to like go make you
there are tipping features and
Like a project on there called or
Wouldn't call it a project but an object built on top of the protocol that people are playing with called frames
Where it helps you mint things directly on the protocol?
That that is a moneymaker
D gen tips is a moneymaker
So people are finding a way to make this profitable in the short term as well as the long term
So if you find that warp caster is down
Just switch over to a different app. They're lined out here in this article or
Any of the other apps that Dan has mentioned? What I my favorite is supercast dot XYZ
Thanks go go I definitely gonna go through this thread here and then look cuz I don't I don't know enough about the other applications
The Tigers always write a good thread. So shout out the side here
I think at this point we have to go to Zintani if I've ignored her for an hour and a half Zintani
Talk to me. What do you think? What uh, yeah, no funny funny joke leap, but guess what bud?
Fingers-slip guess who made three followers by sitting here waiting to talk for five hours. So who's the real loser?
Alright, I don't even know I was gonna say but yeah, thanks for the engagement farm ticket
Alright guys, I'm a man of the people. I'm a man of the people
We have let's see 91 likes if that gets to 115 Zintani will be co-host, but it has to be in the next 60 seconds
Look, we're going over the hands. I want to throw it over to
Before I go off on a hot spicy take that's probably gonna get me canceled
I just wanted to invite you and Zintani to un-lonely for an episode of
I don't know you guys don't have to do it together or anything, but
Okay. Okay. Look, um for real. I can't tell if this is reverse trolling. I can't tell if like the
The like what's far caster and what am I missing out on and why does it matter and this and that like I can't tell
If that's reverse trolling if it is Bravo, let's fuck. That's excellent
Top tier. I think like I get like why you'd want to know that and this isn't directed towards anybody in particular
by the way, it's just because this is what I've been seeing all fucking day like people asking like
Is there is there gonna be a token? There's never gonna be a far cast or warp caster token. It's you're never gonna like
Well, I can't say that you're not gonna you're never gonna get anything for being curious or wanting to explore
since I think that that's kind of like the point that I'm trying to make is that like by being willing to
Explore and keep an open mind and stay curious is like one of the best ways to make money in this space
like when you start expecting something is kind of like
Look, here's the thing that bothers me so much about it is like so much of this is coming from people in
NFT space and like it's it's really it's making me sad that like this is where I've spent the majority of my time over
the last few years in NFTs
I think this is also why people fucking hate us, you know
And why people get people in NFTs and just fucking shit on us all the time is because it's just like
There's a poor understanding of things and then on top of that. There's an expectation for a reward and it's like no
Anyways, I'm just frustrated. I hope I don't I don't sound like I'm on a high horse or anything
There's it and I get it too by the way because every I fucking I kind of talked up friend tech a few months ago
I did say with a preface that like I don't know if this is gonna be the platform that actually does it
But I do think that it will be something that exists in the future
I'm starting to think that like social phi in general might never really be a thing just because it's like very contradictory to
Anyways, it's a whole other conversation
Anyways, like just guys, I don't know what what else to say other than just like go fucking explore
I know like there's so many things going on. There's not a lot going on in NFTs
There's not a lot going on in me coins right now
if this is the thing that's like getting talked about a lot like I don't see any reason why you wouldn't want to go and
explore that like and play around with it like I
Don't I can't tell you like what a good starting point is. I just think
Picture is keeping an open mind about stuff rather than just like having an expectation
Because I think that's like where a lot of especially in NFTs
At least it's what a lot of this just like becomes unsavory for so many people. You're you're right
Decentralized that identity is retarded. I don't know what these guys are talking about. This is a retarded idea
It would never work on a grand scale
I don't know what these guys are talking about half the time
Wouldn't would never turn into anything anything substantial will not be anyone's exit liquidity. It's just trading amongst yourselves
Think that's the opposite of what Zico said, but we love you Zentani. He's he's he's slowly inching towards. It's retarded, right?
Okay, calm down. He's like very nicely saying that it's retarded
Okay, nice way is what I heard and I if that is what he was saying. I agree with him
You off the stage and please don't make me do it
See you co-host just as much as everybody else does in tiny. Don't fuck this up. I'm sorry guys
I want to apologize to everyone. I let down
Alright, we have a hundred and one likes if that gets to a hundred and fifteen likes and Tani will be removed from the stage
Wow, we just hit 200. How do you like?
Okay, we need it or we got to get this back on track we also have Lucas up here Lucas talk to me
What's going on with the panda PFP? Oh?
Well the annoyed pandas doubt it's uh, you know, our money is backed by anti memes
So the idea right is that what the fuck does that mean? I've heard some crazy shit. What do you mean?
It's backed by okay. Let's just keep it on. We'll get into the anti memes later
What's your take on on the far caster conversation?
Well, I'm just typing out this tweet in response to chainsaws who responded in the comments
You know in affirmation after my last share, and I was I was saying that I think there's some very strong pattern match between
Games gamification and ETH with its gas fees
Let's say that the the beauty of when we're talking about a gamified financial system
is that because it's a game people find it worth doing for its own sake and
Like you know the conversation has danced around the whole
organic development and what are the seeds of value on the different chains and the different projects and
Like you know Bitcoin with its immaculate conception is like blockchain technology
How does blockchain technology scale and given the nature of financial investors?
people are gonna want to make it scale fast and
So what I see like I think that the the reasons why NFT space gets a bad rep are
What I what I see is that the larger world
context that we we live in is the financial reset and an inevitable restructuring of debt on a global scale and
An inevitable like peace and this kind of thing and don't let me get too boring
Like what I see is that these seeds of strong communities like the game gaming communities
Then the gamification of various industries
To sort of unionize them and displace poor practices with better ones is inevitable
and and that's like why I'm here and that's what I see actually coming out of these like
The development of all this stuff. It has the potential to be tremendously useful
When it's engaged with well with things like the fitness industry things like the health care industry like
gamification of life and tokenization of behavior at every level and then eventually in that world
What happens is that the the hyper?
financialization of everything the inflationary deflationary dynamics work themselves out
And and I think we actually move past the whole like we don't have bull runs anymore
We don't have bear markets. What we have is like what we once had which is like phases of activity and rest
But it's not like, you know, low-tech. It's like actually tech
Really well situated in a world system
Okay, I mean we are one thing one thing let me say this because I'm gonna jump off again
But one thing I do want to say
And I think Lucas you might agree with this but like the whole thing with this far caster
Phenomenon right now is like yes, there's a lot of people who are talking about it. And yes, you could call that hype
But zooming out bigger picture with crypto
That's kind of how this works
I like number goes up influx of people come in and then number goes down some people decide to stay
for other reasons besides the price
And that happens every cycle that's been what's happening every cycle and sometimes we'll stick around and they find something
That you know, they maybe they decide to create maybe they you know become part of the community
whatever like the point is is that like
Just look like the patterns kind of repeat themselves over and over again
And I think that this is like a micro example of that pattern happening with far caster
Just the bigger picture of crypto in and of itself. So anyways leave. Thank you for having me
I appreciate it. I was left talking
Thanks ego. Appreciate you. All right, so are we ready to talk about moonbirds?
Anyway, we're gonna go to yes
Okay, we're going to Humpty
Humpty by the way, I'll be at Ethan for two. I'm excited
I haven't gone before so I see it in your in your name
But Humpty talk to me about forecasts or like what's going on. Is it a rug? Is it not a rug? What's up?
Yeah, I just I want to first of all say thanks to you guys for entertaining
And also go go you're awesome
Definitely elevating the conversation brought in the facts about what's happening at far caster
The difference between that and broadcast the the application
Also Zico cool seeing you up here. We haven't chatted in a long time. But yeah, I mean, you know
I think it's funny someone mentioned social phi and
What's what's interesting to me between what's happening at far caster right now and and and like something like friend tech
There is a common denominator and that's base
You know base has been a big supporter of like
The experiments that were being run in front tech and if you have been in the
Ecosystem for any amount of time you'll see that base has really been spending a lot of time and money
people and ideas and projects
Especially after the launch of frames and I think it was black was calling it
In feed embeds, I mean one of the things that I think has been really terrible for crypto
It's the UX. It's really hard to use
And because far caster is and they've been saying this from the very beginning. I think I didn't get it until recently
They are a sufficiently decentralized protocol
so not everything lives on chain and their thesis is it doesn't have to because when everything is on chain things get very very hard things are
Friendly and so they've taken this route of like decentralizing just enough so that you can own your identity
So you can actually use different apps
But the sublayer the protocol is permissionless. So supercast shout out to them. They're one of the best alternatives
But yeah, you can you can log in using, you know your Apple pay for instance
Sounds like someone else on muted but just wanted to
Share some facts as far as what's happening over there and the experiments that are being run
But frames basically just takes away all of that signing and all of that other headache that's involved with
That we're familiar with you just basically mint directly from your feed
So just imagine going on Twitter and saying, you know Memphis and that's it. Nothing else. You don't have to do anything else
You don't have to open metamask rainbow, whatever wallet you use
You just do it directly from the app and that totally changes the game
You know and that definitely has a lot for a lot of interesting things to happen including
The things that base has been funding some of the experiments that are happening there
There's a new social fire app. I don't know if you saw this Humpty or if anybody saw this
So I'm gonna just send this to me. It's called simps social. I'm not even kidding. It's built and it's built on base
Base does have a chokehold on the on the ecosystem right now. It's it's interesting to see
Frames are frames are also built on base and I'm a simp influencer and I just from Dan himself
I just pinned up a thread that lets you see in diagram format like how the frame wallet
Farcaster for anyone who's actually curious
By the way, can we tag Dan in the comment section?
I dm'd him earlier today and he responded but we're trying to get him in the space
So tag Dan Romero in the comment section is busy. I'll try to get work cast back up, which it is back
It's it's on now. Yeah, we're never too busy for space
Look, I'll throw it over to coop coop. Talk to me. What's up?
Yo, Lee, man. I've been listening. So I have a quick couple questions, man
So I got my feet wet with the the lens which is similar to what we kind of talking about
I'm not sure. It's the same protocol but lens which rebranded to hey
XYZ and then you got butterfly which is also built on that same protocol and
Then I don't know really how blue skies involved in this as far as like the back end nerdy
Damn, so I mastered Dom was doing some shit
Nostra was doing some shit
But like we got to figure out what the pros and cons of all this shit is so us
People that use it as well as the devs that are building on this shit can identify the pros and the cons in
All the little niche areas we trying to work on, you know, I mean and then
You got to simplify the tax compliance of all this shit, man
Cuz it's like it is confusing as fuck trying to like look at all your transactions at the end of the year and send that to
Your accountant and shit like so. Oh, no, I mean I have a lot to say I'm wrote down this super cash it
I'm gonna look into that and uh, I don't know man
I know a lot about this area, but I don't know at the same time. I just wanted to just
Basically on this help. Oh, we can figure this shit out if we try to figure this shit out, you know, I mean so
So I'm also pretty new to the side of things as well and I'm kind of learning about it in real time
There's some good threads pinned up to the top
From Tiger and there's one from there's been a couple actually
So definitely check out some of the pin tweets because they break it down like way better than then I could break it down here
But yeah, like I was saying before like this is a new paradigm shift whether it's farcast or whether it's lens
Whether it's any of these things. I'm glad that people are working towards it
Doubt any of these things will be the true winner in like 20 30 40 50 years
but these things need to exist for us to get to that true winner and that's like for the people that are fighting it or saying it's a
Like a fad and it's gonna go go away
Maybe it does like it's not actually a bad thing these things do come and go and we need these things to happen
So could appreciate y'all go over to Lucas Lucas. What's up?
Well, I don't know where Zintania win I I don't know if you kicked her off but one thing about the
The king's court is that the fool is actually the only the only one who's allowed to make fun of the king and
For that reason, you know often has a very special spot. So I would say that crypto as a whole
Would would do well to embrace the idea of a culture of simping. I
Mean as the number one simp on the timeline, I do feel obligated to chime in here
Um, I don't know man. I think people should just sack up and start talking to people in real life. That's about it
Well shout out to the simps, you know, they make the ecosystem evolve
and I did not remove Zintani for the record, it's actually just left but
Actually, there's a good opportunity to reset the space
welcome everybody if you're enjoying anything about the conversation click that button in the bottom right hand corner and give it a like comment retweet it
What did we miss I mean we can keep talking about farcaster
I mean is there's the guys want to talk about quantum cats they minted today for like 12 million dollars
And I did not get to mint because I was not on the allow list and then the entire public mint minted out with two
Seconds and borders minted up the whole thing
Do you guys want to learn some Solana drama?
What is the Solana drama?
So this project called teddies people are mad that presale was one soul and public sale was two soul
Supposedly the one-of-one cabals all got whitelist. So people are mad that they got dumped on. Oh
You don't have to talk about that
That project's gonna just disappear within a couple months, I think
Maybe a month maybe or maybe maybe even shorter. I feel like like people have already forgotten
Like I know we need to hope we we hope projects do longer than that
It's a new cycle. It's not a it's not a genuine intention project. Do we hope for that?
Like it was all in presale. Oh
No, I mean I hope the people that bought after they minted out they don't get fucked over that's always the hope, you know, I
Didn't even I didn't even honestly think it went to public but
Wait what that shit sold out like so quick
Yeah, cuz I thought like ninety nine point nine percent of it wasn't presale
Know what you Solana kids are talking about like you don't you don't burn miss dog
I literally have tried to get your wallet before to get you fucking whitelist for things
You just don't even respond. It was not one that that leap needed. I promise you. I missed out
What was it called berries Betty's?
No, it was fucking constructs and they ran to ten fucking soul. Oh
Anyway, okay. Well, look let's get into it
We got Chas McNasty also requesting absolus. My gill is s making McNasty. I don't know what change
Whatever his name is Chas McNarley
Look, we're throwing it over to CP
CP, I mean talk to me here. Are you on farcaster?
Nah, man, but it I've been listening. It actually sounds a little bit intriguing. I'm gonna have to go check it out
Definitely see what the deal is, especially if they're gonna add Solana
I mean, I don't know if that was like, you know, whatever
But I actually came up to ask
Trevor a question if that's cool about
about pizza ninjas man, like I'm eyeing a bunch of like the Bitcoin eyes ones and I'm wondering like what's
Like if you could give it quick TLDR
For the different eyes well just for like the is there any IP rights for the collection
I haven't really done that much research. Oh, yeah. Hell. Yeah, dude. So we inscribed the IP license on chain
So I can I can share it I can put in the comments whatever but we use the camp evil license
Mark Radcliffe is a really great IP lawyer that I've known for many years who worked on that and
Yeah, like I think we're the only ordinals product who's done that so far
So we started out the gate with the IP rights IP license for everybody non-exclusive commercial
So what that means is that you can use it for anything you want derivatives
Sub-licensing monetize it however you want, but the company can also use it in like marketing and things like that
So what if I want to buy a pizza ninja?
Out one of the Bitcoin eyes add the Solana logo and then meant that image to Solana. Could I do that? I
Think so. Yeah, I mean because we don't have Solana eye in the collection, right?
So it wouldn't conflict with anyone else's and actually all of the ninjas are at least two traits
Different so it's kind of hard to make them conflict with other ones
All right, I'd ask man like I was that was not that was not paid or anything
I just like dug through the collection like hardcore for the first time and I was like fuck the art is sick on these like
I'd like signed up early on but never really got into like the farming thing
Just had too much other shit going on. But now I'm looking at him and I'm pretty pretty excited about what I'm looking at
Trevor's like I promise I didn't tell this guy to come do this
All right, I have well CB and all and I have only talked like one other time on this space I think right
Well, somebody commented why is there not a project called Solana llama drama I was just reading that fucking coma
That is a great name for us. You like that? That's my segment on this early Solana
Solana llama drama is I mean, I am the llama
Okay, well look we need that do we really have no topics left like what
Do I need to go turn on my computer again? I never did read my doctor for the day
I'll give you I'll give you an update. Give me like two seconds. Let the computer turn on I have a bunch
in the meantime, you know support the space click the button and
Like comment retweet also follow the speakers and the co-host because we can't do it without them
And if we don't talk about something here in the next two seconds, we're talking about mood birds
Well, dude, no, there are things to talk about I do
I mean there's the IP discussion that was just brought up like we could keep going with that one cuz I think that's something that
Honestly, shout out to you Trevor. We don't have to dive into it and like glaze two hard pizza ninjas
But you have been crushing it. Uh, I think there's a big discussion talk about an IP
Like cuz there's so many people that throw that around so loosely and you don't actually know what's okay
So it's nice to have a project for once that gives you a little bit of like defined guidelines and uses real litigation
I don't know. I'm just excited. Do we know any other projects like maybe not personally inscribed
but if like actually gone through the process of doing this properly because I feel like it just shows a different level of
Clay and a source definitely. Okay bears like all these top IP projects and that's like such a cool subgroup right now
that no one's really talking about it's like
just cuz NFTs have kind of gone quiet with the exception of like
Couple projects on Solana and then pudgy penguins obviously
But like there's a lot of fucking IP plays going into the next bowl
That like some of those are trading cheap and like they got big-ass treasuries
That's it's like seems like an obvious buy for many reasons
All right, you guys I'm gonna take over here for a second and just kind of give you guys a
Little update as well before we dive into this
I got my computer on you you guys are gonna hate me
But there's like kind of a lot of stuff that's happening in another topic. Yeah, Lewis talk about
Can I say one more thing? Go ahead. Go ahead
One thing that we did with the ninjas is that we put the IP license in the PFP
So if you click the menu in the PFP
There's a little drop down that you can read the IP license right there
See, this is cracked level shit. I
Do have to say that that is like going above and beyond that it's like native to the NFT
It's sort of like ex NFTs that we have over on Solana
Last week we had the retroactive diamond kick claim take place on
Solana for the magic Eden marketplace. We're seeing those diamonds being traded OTC on whales market
This is something I want to talk about you guys the OTC
Trading of point systems and all the fucking point systems that are happening like everywhere
I look every d5 protocol is launching another point system
Magic Eden diamonds are trading for three cents a diamond right now and that whales
Platform where you can buy these points OTC
They had a fucking token that was two cents less than a month ago. That's trading for over $2
That literally could have been the cleanest hundred X of your fucking life
I don't know so we could talk about IP we could talk about points farming the airdrop drama
We don't really you don't really talk about that a lot in this space sleep that I've noticed
That's something that us broke farmers on Solana are always doing
There's just a lot of opportunity man. I'm never bored out here. Like there's always something we could be talking about
Dude there was a point in time. You could sell your Jupiter allocation for 81 cents a token
Like when it was like peak Bania around the airdrop man, those people are cooking now, dude
I mean they doubled their allocation if they sold it there
Basically or came close and then bought back at the bottom, which we'll see where that ends up being
So here's a question for you guys speaking of Jupiter
Thumbs up you think it's gonna end up above 70 cents cuz so in that seven-day period if it's above 70
It's obviously really bullish and if it's below 40 cents, they don't raise anything
Which is like a really interesting way of making money. Do you guys think it's gonna be above 70 or below 40?
I think it's gonna be just where it is now. I think it's gonna be stuck in like the 50 cent range
I think we're gonna I think we're really gonna trade heavily in this range from like 50 to like
62 cents. I don't think we'll hit that 70 and I definitely don't think we'll hit that 40
I think there's a lot of buy orders set all the way down to 40
There's just a lot of it's super healthy man
Like this was five to six hundred million dollars of free money injected into the fucking ecosystem
Cell pressure is absolutely imminent. Like I am NOT worried one bit
I'm honestly I'm confident enough. This is like one thing
I do not recommend anyone doing this if you have a fatty Jupiter airdrop, do not follow me in this
I'm comfortable in holding this one for a year
Because I don't want the fucking short-term capital gains tax after I get income taxed on it
I don't do this shit is going to chill out for like a day
And then it's gonna pump like
350 percent in like two days like that's what definitely what's gonna happen
Mathematically how much money that takes
It's a brilliant setup because the you know people have a good place to cheat their airdrop into
But it's the Wild West once that dynamics removed and I bet you there's some big money sitting on the sides going
I'll just see how this plays out and then like relative calm for a second
It's gonna it's gonna rip
Maybe everyone was talking about Jupiter and literally a day and a half later now. Everybody's talking about farcaster
So it just that's how that's the space. That's literally this space
What I mean we we've got there's so much to talk about and we sat here for five minutes. What are we gonna talk about? I
Mean there's like what are we gonna talk about?
Also, I'm getting a lot of shit for making jokes about Cardano. I've gotten a few dms about it and a few comments
And they said keep promoting things that pay you stop shitting on things you don't use look. I'm not shitting on Cardano
It's just a meme guys. It's just a meme. No one actually hates it. It's just okay
I might hate it a little bit, but you know, it's anyway
We're gonna go strong use of your energy. Like you could use that energy elsewhere. I'm just saying that's also very true
Yeah, what use do you really have to hate Cardano? I
Just don't like the name you could just
You could just be indifferent also
Also, I just want to say like on the note of us discussing farcaster
like before I got on stage there was a lot of
Discussion. I feel like it's almost healthier to
Give a critique without in turn like shilling a different
Get wanting to show the juxtaposition of here's what this product does versus here's what this product
That is not ready yet is also building like but this this product
Had a certain intention and as like it was underground for like two years before it even went public
Feel like there's a way to discuss and and have
Well, we need to pivot two different
Two different protocols or two different apps to get apps against each other
Which is kind of like something that turns me off in this comp in these conversations
I just want to say like let's not shill. I
Just my critique of the critique
Okay, we had definitely definitely no shilling. I'll throw it over to
I'm looking at you Lucifer. I'm throwing it over to chain sauce chain sauce. You've been in the requests for a while
I know you got a take on this farcaster thing. What do you think in?
First off, I'm sorry. You can't have an opinion leap
just kind of wondering what the difference is between you know, we have a decentralized social media app and
What what's stopping, you know, Elon Musk from doing something with X
Decentralized I mean, you know pivoting from what he's doing right now and what what X is
To just completely flipping the script and just changing everything
To what it is that we're seeing with these DeFi apps coming out and
You know because that's what he's about right now is about this massive change with X
So my my question is always, you know, what's next with X what's new what's gonna happen and
Feel like Elon is very much involved in
Decentralization and having
You know having a level of unity within people that want to be just naturally connected to each other and not this
Not the centralized approach that we're seeing in so many of these social media apps
I feel like X kind of brings that together and I feel like it's gonna be a process. I feel like we're seeing, you know
Some of these apps come come out and they've got great
Positions they've got great utility
But what's stopping X from doing that next?
to touch base on what Jupiter is doing and
Within the positions that Jupiter's at
Where where do you all see Jupiter moving to next what's gonna take Jupiter to the next level and move it to that?
70 cent range or above and beyond what what's the what's the case for Jupiter to go?
farther than what it's at right now
Because from what I'm seeing right now
like I love airdrops and I'm so happy that everybody gets to you know participate and
Gets their gets their money and get that bag and everything else
But what moves Jupiter to the next level to actually keep it going and sustain
the money that it's been given the money that it's made and
Excel beyond what we're seeing right now
Multiple no, that's a good question. You have a couple good questions. I'll touch on the first one
maybe I'm less equipped to answer the Jupiter one, but
in regards to to X specifically, I
Mean Elon has like it's not in his benefit to make this open source decentralized like he just
Makes less money that way in my opinion and he's not gonna just like drop a token and goes like 50 billion market
Like that's just not gonna happen in my this is what I think
Leap to be honest if he did open source it there would be no storage costs for all the data that it that
Obviously it costs a fuck ton of money to store likes comments posts everything
That is a good point. I do think that Elon values control quite heavily and
I just don't see him and I'll give you a couple examples. I mean we have
Things that are showing us that he's not crypto aligned
They were moved to NFT integration on this platform just full stop
Like you should you should read the book Elon Musk, it's really good and it touches on his thoughts about
blockchain social and open sourcing open sourcing everything you should read the book Elon Musk great one I
Definitely would love to read it. And I also think a big aspect here is Elon
Yeah, he's like the owner whatever but there are like a ton of different companies from all like so much money
also believed that when Elon took over that he was gonna open source this that this would essentially be a network that people could build on
top of like we've talked about so many cool ideas like being able to
Earn for being on the app, right?
like engage to earn or listen to earn in spaces or even have native minting the way that exists on some of the
Forecaster stuff now or just like anything but instead not only have they removed all web 3 integration on the application
they've made it in increasingly closed source by limiting the API and raising the cost a
Thousand X the enterprise level to access the API right now is 40 is essentially like over
$42,000 a month and it did not used to be that we have things that we're building on top of Twitter similar to like even
Look at hey wallet and how much momentum they had completely shut down that momentum
And I know that the same thing for many other projects that we're building on top of Twitter
Completely shut that down
He has set in spaces many times too and alluded to the fact that there probably won't be any further crypto integration
they want to turn this into the everything at similar to we chat and
Something similar to we chat is definitely the opposite of being open to the community
I genuinely would bet any amount of money that we just don't see this become decentralized open source or open in really any manner and
I don't think they're gonna use crypto at all for their payments
They do have like the crypto tipping feature, which is basically you could just have like a wallet connected
But I don't even see that anymore
Like if I go to to monetization
There used to be a thing that says tipping. It's not even there anymore
Just like I genuinely don't see it happening, but I would love for it, too
But this is a problem. I've talked about this a lot as well if my Twitter account got deleted or suspended
I would be fucked like yeah, I could probably run it back or maybe go over to a different platform
So like whether you love varchasser or not the ability to own your audience and carry that with you is so powerful
This is actually why I think even things like with thread guy his thread pepper and that Jack put your put together
Thread right now has a list of like I don't know. It's like 60,000 wallets
there's like some crazy number of people that all minted this thing and supported it and
Those are people that fuck with thread or fuck with Jack and it's it's non-sensorable. You can't delete it
It's on the blockchain forever. You can always access those people in one form or another
And that doesn't exist with the apps that we have now
So I'm very bullish on owning your audience and right now the only ways to do that are fucking email lists
Because that can't really be taken away from you either
So and in regards to the Jupiter thing
I think they're doubling down on the fact that Solana is a shit coin casino in terms of the DeFi market
That's not an insult. It's just the fucking truth
Like it's just the truth. Well, there's also a lot of really really good coins for sale
Yeah, I mean there's plenty it's not all a casino like I really hate that like it keeps getting pegged like that
Some coins. It's insane. I'm sure but they're also double. I mean, what are they building? They're building a shit coin launchpad
Like they understand what their audience wants like they they know they're like, all right people want to trade these things
And and by the way, I'm very bullish on the gambling and speculation aspect
And this is my take that I've been I didn't come up with this take but I'm fucking adopting it and I like it which is
Gambling and speculation secures the network. It brings liquidity and on boards users. It's in my opinion
Yes, a lot of people get wrecked in the process, but a lot of people get wrecked in crypto everywhere
That's just like the way crypto is
Right now until it becomes more stable. So I actually think what Jupiter is doing is really good for Solana
If people want to fucking shit coin gamble and speculate and launch these things fuck it
it brings more people to the network more money being spent more liquidity and
Don't know. I can only see how that benefits Solana in the long run. Maybe my take is wrong, but that's how I feel
Well, I think I think you touch well on like the current situation on Solana because it has been chick once you for like
Forever a good god, like I don't even remember when it started like it's been going on forever. It's crazy
But I do think there will be a rotation into more like
just companies that are building on Solana that add great value to the ecosystem and
Have potential to you know, I'm bored people on the salon and that sort of thing
And I think that there will come a time where Jupiter will probably
Make five times as much money off of those sorts of projects then they are making off of you know, the short-term
shitcoin liquidity event that's going on
Yeah, probably and I think Solana is awesome. I have Solana bags bunch of Solana NFTs
Like there's companies like rove that are working towards ticketing on Solana
And things of that and I mean there's a ton of cool stuff happening on Solana
And that's why I think that we should as a community kind of remove this connotation
That's so negative around like the gambling aspect
Like of course gambling is bad when people lose control of it and lose a lot of their money and that happens
It definitely does happen
Bro people were doing that with bit like even like hate like some of the Bitcoiners that are
Like so pretentious about like this anti-gambling anti speculation thing when like some of the main things that people were using Bitcoin for early days
We're like Satoshi dice and playing poker and shit like that. Like that's this has always been
Yeah, go ahead. Go ahead leap. I'll come in later. No, no, no, I'm done
No, I just um, I just wanted to say I fully agree that that Elon will keep X
I do see an expansion actually to the tips feature that
Didn't used to be there. It used to be just like cash app and Ethereum address
Now you can point different types of Bitcoin wallets there and other
Features to link for tipping so tipping still exists and has expanded actually in what you can use
Yes, I I agree. He likes crypto. I don't think he wants to make it a
Crypto app. I think he wants crypto to be there
But I don't think he wants this to be a crypto powered app or a decentralized app
Because that would not get him a return on his 40 billion dollar investment
Profitable and it hasn't been yet since he's since he's purchased the company again
If he were to open source the content and everything on it, it would save him all those storage costs like billions of dollars of storage
So that would be a huge thing. He's probably setting sitting on like a huge test net right now that they're waiting to release
That's gonna change everything like that would be my bet
I don't think he just bought it to like slowly
Build it into a new app like they're probably have something massive behind the scenes
Bro, they said that they're they bought it to change it to a new app
Yeah, I was like pretty obvious like he's like we're switching this well
I mean you you can't just do that overnight
Like you have you can do it gradually within the app
But if you're built he's probably has a second app off to the like a whole test net off to the side
Of all of this that they're probably gonna drop like three months before the election or some shit like that's how it would happen
There's like 13 people working at Twitter. They fired him who's building the test net
They're hiring devs all fiber like there's nobody nobody there to build
They can't even like there hasn't been an update to spaces in a year and a half
Our biggest update that we found was that we could glitch the emojis and spam them for the next
They are doing us so so bad on spaces
Yeah, they're ridiculous. This is one of the most interesting aspects of this entire app
And anyway, don't get me started there. Look, we're going to the hands
We're going over to Lucas and then we're going coupe and then chain Lucas. What's up?
I quite like Elon Musk, but I don't I
Think that he's somebody who might be willing to lie
To tell the truth. Let's say or to troll to try to get people closer to the truth. So like
Reading grok here. It says that
You know Walter Isaacson's book on Elon Musk mentioned that Musk felt that bankers and lawyers did not contribute
which is basically like the old money world way of phrasing that gambling and speculation and
It's a complex it's a complex problem, but there is this tension between
builders and then people who are here for either the financial or
Now what I think is interesting is the idea of
portion of crypto of creating sort of walled gardens that
The the old world money to make it so that there's a consistent
Like there's a consistent building process because the danger of the space moving too far in the direction of the
gambling and speculation is the sort of dynamic dynamic where like
You can have an event production company that produces a mint that produces a great show of a great promise
and it's all these shows and building expectations, but
you know only selling ephemeral things and it's not not coming back to the
to the builders and that's what the like liability is with the gambling and speculation like and and I feel that
So my take on Elon Musk is that he may be you know
the the excess of gambling and speculation because he's obviously a
forward thinker about finance in general and
Understands is also very bullish on crypto in general and wants this to be the everything app. So
Like I'm not sure he's not like
Trying to troll the crypto communities to get them to do better before he'll align with them publicly
There's no chance. I like I there's no way that
Elon has not obviously considered every aspect of integrating crypto here, but he has made
Said everything except saying it exactly that they're probably not gonna use crypto when they do payments here
And I mean they're removing web 3 features
Like maybe I'm entirely wrong
And like you said, they're just like removing and I'll add it back later in a better capacity
But like they're every step of the way they've made moves and show that crypto is not a focus here, bro
They are telling you that and shit and then they're buying the crypto. They want are gonna use
No way no chance. They you tell me this is like one giant sigh off. He's pulling a bed doggies
Exactly, dude, and they're gonna load their fucking bags and then they're they're gonna drop the shit
They've been working on since they bought it. He probably has a whole new division like
Fucking go out something completely separate similar but separate and they're just gonna drop it all at once
They're gonna be like and you know what if it was me the way I would do it
I would just shut Twitter down for like four days and I would force everyone to go without it and then I would just drop a
Dang, okay. No, okay. Yeah, I was like following you there for a half second
Well, I'll just be on fire caster dog. I have a job to do
Yeah, there's no way Elon is shutting Twitter down for four days to bend on ethos into trying his new test net
What would it and then what's Elon gonna have a point system with like a PFP project with a button?
We're gonna liquid provide liquidity
Like what is this gonna be like 10,000 generative cyber trucks?
They was like xa-ash-12 gonna be the biggest influencer here xa-ash-12. Look we're going over to chainsaws
Chain sauce tell me YCP is right or wrong
That's a heavy burden to bear there I
Don't know that I have the answers to all of that. I mean, I think I have more questions than anything but
Looking at looking at everything that's going on
Within what you know within the way that finance works and within them trying to move us to blockchain
Under under under more scrutiny to track everything that we're doing. I don't see it being a negative
Into the future a little bit more rapidly. Let's say five years from now
I think blockchain technology makes more sense than any
However, I think it's gonna I think I think there's a lot a lot of scrutiny that it will face
Because you know like far casters giving us freedom
within our our social autonomy
Technology sort of removes that as well
removes certain freedoms because
Everything that you do is on the chain and you can see every
Transaction that everybody makes and everybody tries to make separate wallets to hide different things or you know
They make new accounts to try to hide different things. However, it's still it's always still connected and and and there's that
That connectivity right there is is I think what?
What's ultimately gonna bridge?
What we're looking at with with X, I'm sorry, I know it gets a little crazy but
Yeah, I I like what far casters doing
I'm trying to make sense of how
something like far casters going to
Make people want to follow leap on to far caster and leap has various
Social media platforms. So if leap ever gets canceled on Twitter
Where will leap go and how can people find leap spaces and will leap get the same amount of returns?
in terms of the spaces that he holds or anybody, you know, I'm just using you as an example here, but will will
Anybody get the same amount of exposure or you know, do they have that great of a following that they're loyal?
Does any is any is anybody that loyal to keep following and having to bounce from, you know platform to platform?
Is there ever going to be a truly decentralized platform where we don't have to worry about who we are as people and we can just sit
There and just be and I think that's gonna happen
I think creativity is the key. I think an artistic
Who we are as humans is going to be a main determining factor
For our growth as we see and I'm a huge proponent
I'm a huge advocate for AI and what AI does I'm not trying to bring AI into any of this conversation
But it's just something that's always on the back of my mind. I
Think that as technology and AI evolves. I think the only thing that we have left
In our identity as humans is our creativity. So I think that yes that will happen
We're gonna have to find something that we cannot be canceled on that we cannot
Be limited on so maybe far caster is the next wave
But I think I think we're moving in the right direction with things like far caster. I think that's the way
I think that we need to make sure that we keep each other, you know close
You know with a creativity in the mindset that we have. So yeah, I think that I think blockchain is gonna make a difference
And whether or not Elon adopts it
We'll see I don't think that he can outrun it. I think he's gonna have to adopt it
I think everybody's gonna end up getting involved in it one way or another whether or not we want to you know
From our parents to our grandparents. I think it's I think it's inevitable
We're gonna we're gonna we're gonna really find each other in this decentralized social app
What whether that's far caster or not?
No, no, no don't apologize at all
Like whether or not people are gonna let's say go follow me out to far cast or whatever
I don't know. Maybe I I think it's also a chance for people to
Find a new community start a new circle or be a part of something. That's a little bit different than the echo chamber
That's on Twitter. So like whether or not people follow you over there. I think is is not as important
Rather than just like who you have the opportunity to meet and while I do think when the meeting was saying earlier
It's pretty true where it is heavily a theory and focus like the intellectual elite type like engineers and for people whatever
Look, I mean you saw the tweet from Mert. It is rumored that there is gonna be some level of Solana integration and
What do you think's gonna happen when thousands of degens are coming over people are launching shit coins over there?
But can be a whole ecosystem, right? It's a lot more than just the social aspect of it, which I think is cool
And what it's what makes this very different to from other things that we've seen
Because it's those different parts and if for whatever reason people don't like warp caster and all these things
They can build their own version on the network. So that's also pretty cool. I think it's more so about getting work casts
We work work. Yeah work caster
Yeah, I love work cancer we're gonna go over to coop coop. What's up?
Yeah, so I've been listening. It's a lot of good points made. I'm gonna be quick once again
I wrote a couple like really key points. I'm gonna bring up and then I'm just gonna let the thoughts about around the room, but
Of course, we all know that he wants to work
Smarter instead of harder. So of course the ecosystem that we all know he's fucking building even though no one admits it
He's doing something in the background. It's super secret. We also know this is an election year, right?
It's all kinds of weird shit that happens, but timing is critical
So we know that if he does something is he gonna be open source?
You know what I mean? Is he gonna let random dev devs come in and do stuff with it and then a
Real quick point with open source. We know we know that the G and you license
I don't know if y'all know about this
I used to be an internal auditor for ten years
So that code if you incorporate any of the open source software code in your intellectual property
If you put it in there and you release it everything becomes open source, you know what I mean?
The other point I'm going to bring up is he was sweating doge corn and shit
So that might be maybe he could be building something with them on the back end
But the issue is is is those does those really have a high?
Transactions per second, you know, I mean, is it really scalable?
The other thing that I'm and I'm smoking weed and she knows those money thoughts, bro
Hear me. I'm almost done. I'm almost done. I'm gonna lose my train of thought Tesla, you know the cyber truck
I actually got in one the other week at the Washington Auto Show
So that shit is dope and I who knows what he could be building out with that
The other thing that he has is his space travel company and I have some friends that are really focused on the blockchain and space
Economy is a whole whole shit ton of thoughts. But the last two things so then which I mentioned with the
Logging in and shit. We know we all know what a distributor ID is, right?
Or like basically when you click on a login with Google login with Facebook or that shit
Maybe they could be working on some type of web 3 shit where maybe not metamask, but some new
Actually, you know what? Tezos has a thing where anyone that has a Twitter Facebook account the Kukai
Wallet you automatically have a wallet by default
I was air dropping empties the automatic followers and clients using that random wallet
So who knows what this distributed ID shit?
And then the last real elephant in the room is this neural link shit y'all ain't nobody talking about that shit
Yo, maybe he's really plotting some super secret
Fucking chip you put on your head that does it all like fucked fuck the Apple Pro vision
Maybe it's that shit like who knows I just wanted to throw these thoughts cuz like I said, you know, I'm gonna be quiet man, but
Dude he is and what a lot of people don't know is that he recently bought all the Papa John's pizzas in the United States
What okay, we can't just be saying things
Somebody can we somebody ask rock if that is dog. Can you just rug the space already? Yeah, this is a disaster
Just like out of energy guys. It's been a long day
Bro, this is the time to run it the fuck put some commas in the bank and change the world
That's good. You're talking of those. You're talking to your favorite Solana llama
Yeah, this is a lot of lava drama for your mama. So I think
If you wanna but look here's the thing we got to go to the hands coop I
Mean maybe maybe I think the chips are interesting
Would I put a you know a chip in my head I'm not entirely sure I think maybe if if there was a purpose for it
Yeah, I don't know. There's a lot there. I'll throw it over to no those hand popped up. No, what do you think? I
Don't even know if I want to say it anymore
Say it. Can you just say it, please? I
Heard Elon's gonna introduce points
Okay, dude, I don't know how you didn't cut the space right there I just I
Tweeted that it didn't hit I
I'm in tears over here. I'm sorry. I'm in tears laughing. I'm in tears because I'm in pain. I
Can't raise my hand cuz I'm on PC. By the way, I've been trying to what yeah
See they can't even make it he's busy streaming job before they can't even I will go to you bloom bloom
What do you think about this? Yes, I do
Speaking of what you guys were saying that
Not he's your hand can't rip he is
Hey on on the subject that you guys are talking about
I think that first of all, if you have a centralized company, it doesn't make sense to even
Decentralizing it because that's where you make most of the money, right? The reason that
Decentralization became a thing was because nobody could compete with
centralized companies anymore and if they were kind of
Monopolized in tech and they were just not not letting any other innovative companies
Compete or rise to try and compete with them. So this whole idea of okay
If there's something decentralized it can give way more to the users and we don't need to make
X amount of billions per year to be a successful company
So we can still have a successful company and we can drive the user adoption to our tech because it's gonna be better for
Them because we're distributing way more of whatever we're producing through the company, right? Like like in YouTube
I think for every for every
$10 that YouTube makes in ads the content creators make something like 15 cents or something like that
So that's centralization right there. So I understand and I agree that
Decentralization is very important. But if I had a company that's already centralized and it's already
Functioning like that. I wouldn't want to decentralize it
So I don't think that X is ever going to consider something like that. If anything they would in parallel
create another company that's decentralized kind of like almost of the
Organic food and organic cereals that you see out there
They're they're owned by companies that make all the regular mainstream food, right?
They're the ones that say okay instead of waiting for some health brand to compete with us. Let's just create it, right?
So so that's why I don't think that X or companies like this are ever going towards decentralization
But speaking of the ones that are are decentralized like far caster
What I want to you know, what I think about is what do they actually do?
That's always the thing right like what's gonna
Like what's gonna be the first big outward facing products?
We always we have a ton of inward facing products. It's like blur. They're like specifically for you know, people who are already crypto native
Yeah, I don't know what the maybe it is far caster. Also. I looked it up
I can't find anything about Elon buying all the Papa John's pizza
Like what are you talking about the stock that he bought the stock or he dude leap? What happens if?
Twitter in like two weeks is like, all right, we're gonna open up crypto payments. We're only taking Bitcoin
Ethereum and Solana. What do you think the market decides like who who?
Processes more payments. Well, I literally I literally asked you about pizza
Who do I think is gonna process more payments? I
Don't know. I mean obviously would be very bullish for for crypto if Twitter decided to do it
But it does I mean if you're gonna order pizza if you're gonna order Papa John's, oh my through Twitter
What are you gonna use to pay for it?
So you're basically saying that Elon with by I can't find any documentation that that says you're saying Elon bought all the Papa John's in
The world so that he could integrate Solana so that people could buy pizza with salon
I don't I don't use DC US DC on Solana
Well, here's the thing Twitter is global and it's very hard
Like how are they gonna so there's gonna like implement crypto for some of it
Maybe not for others of it. Maybe maybe that's the way they approach it
But it seems like a lot more simple for them to just do this
In like a traditional online money transfer thing
I don't know like what the the right way to call it is but like something like PayPal
I mean, they knew yeah, dude, that would totally change the world
I mean Elon's not really a change the world kind of guy so I could see
Bros literally going to Mars look we have to
We got to get to the hands here. We're going over to Lucas and then we're going to some time Lucas. What's up?
Decentralize itself is because that's how they could scale
It it creates right it helps create another node where value concentrates and where production occurs
basically, I think that X could monetize itself in in
any way at once if it just it just needs to interoperate with like pick winners with platforms that it might play well with and
Portals, I don't know, you know, that's that's my take I think that the it's buying Papa John's supply chain
Discounts, it's very much like, you know owning
The hard money assets that then make you know, it's like when you own the assets you get a better deal
This is kind of like proof-of-stake. It's like holding your value in the supply chain
Decentralized I agree with Lucas. I did
protocols for social media can scale
CP you had a question about how does it like something like Farcaster appeal to
Normal people normies that are not affiliated with blockchain
I don't know how they're doing it, but it it passed we chat yesterday on the app store as
It was like number 38 and climbing
So it's doing it somehow and they're not I don't even think they're trying to peel to appeal to
But it's catching fire and catching attention on the app store regardless
Yeah, dude, I just need to get on there and check it out. I mean, I've been in the space
I'll probably check it out afterwards
But I'm glad I've hopped in here because you guys all know it what you're talking about for sure
Zintani talk doctor. All right, Zintani you're you're the last
I've been drinking Prosecco
I don't have a roommate anymore, so I don't have a babysitter so I can do whatever the fuck
I want and I want to drink Prosecco bitch. Um, I've been important announcement. You guys have had enough nerd talk
Okay, enough of that. I have a nice closing statement. It's almost Valentine's Day. Uh
Listen, there aren't shut them. You were a mean person to me all the time. I don't know why
I'm being for real. There's not a lot of girls on Twitter
But I want to speak for all the girlies that are with all the boys
Flowers chocolates to be cheap. You can go outside pick some fucking flowers, man
Okay, um, I used to be gay like completely
Had a recent I've I've started engaging in the male sex and I can tell you it's the sweetest
That's what no, this is sweet it is this okay
All right. Oh my god, let me finish. It's almost Valentine's Day. I'm being for real. This is a real
We're talking real life. We're not doing nerd talk anymore. You guys had nerd talk for fucking 10 hours. Okay
Just listen to this. Okay, it's the sweetest feeling when a man gives you fucking flowers. Okay, it's so sweet
Give your woman some flowers this Valentine's Day. Give her some chocolates. I
promise she will appreciate it and
You will be a sweet person. Don't don't chip out. Don't do her like that. Okay soon
I'm doing one for the girlies out there. That's that's my message
It's a real message. Well, um
It was a real message and we really lost 30% of our listeners. Look welcome
Welcome, I mean not welcome. Goodbye
But I really I enjoyed the space. Appreciate you guys so much look same time same place
We'll be back tomorrow and thank you so much for supporting
I know it's been kind of rambunctious tonight
But hopefully got some good information about farcaster decentralized social and enjoyed it
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Please do things that make you happy and again all the money all the gains in the world doesn't it doesn't really do anything
Please take care of yourselves. I'll see you soon