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FOMO HOUR: RORY! TRUMP! TARIFFS! ANOTHER WEEK IN PARADISE!
Recorded: April 14, 2025 Duration: 1:13:30Space Recording
Short Summary
Excitement builds around the launch of Myriad V3, signaling a transformative moment for the project. The crypto community is buzzing with discussions on market trends, partnerships, and the potential for growth in meme coins, while concerns about recent declines in certain tokens highlight the volatility of the market.
Full Transcription
Thank you. There we go, there we go, check, check, check, boom, boom, I'm on a second story, and
fixed, perfect, yo, yo, yo, yo, we're so back, oh my god, we're so back, I see Bongo. Bongo! I see Cyborg, Nomad.
Let me get Myriad up on stage.
Yo, guys.
I just left our offices.
Myriad offices.
I saw Myriad V3.
I was the first person in the world.
Well, I guess after a designer.
And I guess after the whole team that works in that office.
But I'm still the first.
To see Myriad V v3 it was ridiculous yeah yeah yeah yeah that's gonna be the zero to one no I guess we went zero to one that's gonna be the one to 100 moment I should stop all right
kick it baby Take it, baby. Thank you. Yo, yo, yo, what up, what up, good morning, good morning, GM, GM, Monday, baby, applause,
you're back, what day, April, 14, 2025, but I forgot, another beautiful day to have a beautiful day.
I got my coast in the house. Oh God, I missed you guys though.
I was physically with Mando yesterday, hanging out in the street of Portugal,
but I still missed you guys on the show. Tyler Mando, good morning.
How are you guys doing today?
Yeah, we missed you, man.
Me and Tyler have like a chilled out show when you're not here.
I know, I was watching.
It's nice.
Missed the energy, but it's kind of chilled.
We speak a lot about Tyler's obscure bags.
Yeah, so I enjoy it quite thoroughly.
I've been watching all the clips they're nice shout out to intern they're good you know the show is always informative right like whenever i can if
i'm on the road and i'm not there i try to tune in on audio or something it's always good you know we
we run a good show we we do run a good show we It's always really good. Tyler, how are you doing? I'm doing well. Yeah, we missed you last week, and I got some FOMO
watching your videos as you guys just strolling through the sunny Portuguese coast yesterday,
so that looked quite nice. But it was a nice weekend. Yeah, I mean, that was...
Yeah, go ahead. No, go ahead. Go ahead. I'm sorry.
It was a lag.
Folks may not know this, but tomorrow is my birthday.
I've got a tax day birthday, so we did a little early
celebrating this past weekend.
It was nice.
A good time. Stimulated the local economy.
90K for Tyler's birthday.
That's what we want.
90K for Tyler's birthday.
I was promised some sun, but it's raining.
I don't know. Mando can't.
I feel like Mando may have scammed me.
It's going to be raining a little bit this week.
I saw that today.
It's going to be mixed.
It's going to be mixed.
Mando scammed me.
This is a Canary Labs special here.
I got to see Mando's office, Tyler. Meadows get me. This is a this is a Canary Labs special here You know, but but
I got to see Mando's office Tyler. I got to see his little little Dan
It's it's nice. It's cute. Yeah, he definitely has a beautiful place. Did you know?
my little a liter of 1.5 liter bottle of
Agua de Nascente so that good shit, is 25 cents here.
That's amazing.
How much you pay for water in America, Tyler?
This shit is cheap.
It's probably like $5.
Yeah, that's exactly it.
That's exactly what you pay.
I was telling Vanessa last night, I bought two bottles.
That's fucking wild.
She was like, it's 57 cents I'm like babe 50 cents
You're gonna tip the cashier
This is not right
Anyway
This is an early
Early life in Portugal
Yeah
You guys watch the Masters?
What an end
I think we should start with that
Rory
Almost fumbled
Never seen a man cry so much
Actually
I almost cried dude
He did it straight
But yeah cool to see him win
I love Masters weekend.
It was amazing.
It's so nice to watch.
Tyler, you followed the Masters quest.
You followed it quite closely, huh?
Yes.
Had a little action on DraftKings.
Didn't have any success with it.
I did think Roy would win, but I didn't have any of the other horses in the race as well.
But I didn't realize he was
just the second in the last 50 years to get
the Grand Slam, so that is a really huge deal.
I think most
people... Oh, wow, okay.
So it was clearly a monkey
off his back. I think a lot of people were rooting for him, too, so
it was a fun ending.
Yeah.
Yeah, that was a tight end, and that was
a close end at the end. When he missed that three footer
Holy shit, man
I was sick to my stomach
I was like, no way, bro
There's no way he's gonna do that
But he did it
And I was good
I feel like I would've cried as much as well
If that was me
It's like 14 years trying to win this fucking Augusta National
You know
That was a beautiful weekend
I think it was a myriad
If you cooked a myriad let me know
Yeah Farouk will be doing the Rory celebration
When Pops gets back to all time high
We're on the move guys
I love you
You guys watching this?
Wait, hold on.
Farquhar's at $900 million, but what's Pups at?
Let me check real quick before we get to our show.
$24 million.
It's up 56% on the link.
How about that? Just shows you how low it's gotten. Fuck yeah. 24 million It's up 56% on the link Really?
How about that?
Just shows you how low
Let's go
Let's go
Let's go
Let's go
Pups
Anyways
Today
Today
Someone got to win 150k points on Myriad
Oh wow
Skill issue
Sorry no
Today on the show
We're going to go market report
God I missed this
Market report
Let's see what's up
We're looking good. We're looking green, baby
Even though Trump almost rugged us yesterday with the truth social post
I'm sure we'll talk about that, but we're looking good today. We're looking good this morning
We got we got Tyler's top 100. I mean, there's a lot going on in the space right now
So I'm sure Tyler has a lot to to discuss and as usual
I'm assuming you know, I know discuss. And as usual, I'm assuming,
I know it wasn't there for the last two weeks,
I'm assuming we still have the same sponsors, right?
Because I didn't get the memo, if not.
But I'm assuming they're the same. This show is powered by Galaxys.
Galaxys is a web3 platform,
empowering creators and brands to build a stoplight community
with full ownership and independence,
trusted by icons like Donald Trump, Steve Aoki, Mike Tyson,
and the NBA shaping together the future of engagement.
But also Wallet Connect. Wallet Connect is the NBA shaping together the future of engagement, but also, also Wallet Connect.
Wallet Connect is the connectivity network shaping the future of on-chain UX.
If you've connected to Web3 app, you've seen Wallet Connect.
That blue logo, it's everywhere.
An icon of trust in crypto as recognizable as Visa at checkout.
What's a little more?
Follow Wallet Connect on X and Telegram to stay ahead of what's next.
But also, I heard that we picked up a new casino partner.
I heard that we picked up a new casino partner.
I mean,
I'm gone for two weeks and Mando launches a casino.
You know,
that's,
that's crazy.
You know,
you've been cooking.
Yeah.
Yeah.
I mean,
I'm on,
yeah,
I'm on the little angels thing.
yeah,
of course you guys are good.
$20 million of volume. Fuck. Yeah, of course you guys are good. 20 million dollars of volume.
Fuck.
21 and a half.
It's fucking wild.
Yeah.
Look,
this is obviously myself,
KBM,
Ben Lamb,
a bunch of other people.
I look,
I'm a big fan of Robert.
We were,
we were there for a long time.
Oh, yeah.
But now that – and they were great show partners, I think,
but we're going to try it out with you.
We're going to try and give you a similar sort of experience for viewers.
Bunch of prizes we're going to do daily.
I think – I missed the end of the show today,
so I think we're going to do double prizes for tomorrow.
But yeah, daily prizes.
We're going to play some of the games.
We're going to be adding a bunch more like crypto based games and be able to play at different times.
Sims, who's our producer, has been streaming a bunch of them.
So he knows them in and out.
I know, Farouk, you've been busy, but we'll get you good at those games too.
And these games have like a
1-2% house edge so
we should hopefully be able to give out
pretty much the exact prize each day
over a long period
which is pretty good
I mean you know I'm sending a message
make eat available in Spain
let me tell you about three simple letters
V-P-S
just take a flight just take a flight I didn't say that Let me tell you about three simple letters. V-P-N. Oh, okay.
Just take a flight.
Just take a flight.
No, I didn't say that.
I didn't say that.
But basically, we're going to do giveaways every day so that, you know, the amount of money you guys can make on the show equals to what you guys could have won right before this.
So we're going to play games every single day starting tomorrow.
Make sure you use FOMO hours affiliate code, though. I know Wizard of Soho is out there
stealing his affiliate code like a
madman, but you can't be using
his code.
He's made 10 grand in four days.
Holy shit, that's insane.
If you want to win on the show,
you have to sign up to Yeet
using the FOMO Hour
affiliate code
only and have a public user profile, all right?
And then we'll pick a winner every single day,
so tomorrow too.
But this time, instead of doing Tuesday to Friday,
it's going to be five days a week.
We're going to play some fun games.
And I think if you hit Fartcoin on Corn Race,
you're going to be able to 40X $1,000.
So hey, you never know.
You're going to be able to win anywhere from $500.
So I don't know. Let's call it 50 grand. So, hey, you never know. You're going to be able to win anywhere from 500 bucks. So,
I don't know.
Let's call it 50 grand.
kind of similar to before.
Every single day,
five days a week,
on 4Mhr.
But anyways,
with that,
why don't we get cracking to the market,
Mando?
Well,
I don't have the things.
Maybe.
yeah.
Yeah.
Who is the man?
Macro daddy of the man.
Can you dig it?
Yeah, GM everyone.
So a better weekend, I would say.
We are up.
It was a little bit volatile yesterday, but Bitcoin is still at 84.5.
You've seen Solana has actually had a decent bounce off the uh off the lows
is now like 132 um and bitcoin sorry and um a range of other like more risky things are still
like hanging out towards the top so like far coins at 900 million um decent balance in a bunch of other L1s slash altcoins.
So just, yeah, definitely some more risk activity coming back here,
which is, I think, a good sign for the general market.
In terms of the stuff that I'm looking at,
I think bond yields continue to be kind of like my number one thing
that I'm looking at here.
And they're down a little bit today.
So that's been taken a little bit positively.
There was some, it's a little bit confusing,
I would say, the commentary coming out of the Trump administration
when it comes to these sort of tariffs.
So obviously there was some commentary over the weekend
that they were going to be reduced for a bunch of semiconductors,
electronics, and that was basically seen as positive for big tech
and then that was kind of reversed by lutnik saying oh actually we're going to do special
tariffs for those and then trump actually kind of tried to reverse everything and said hey yeah
we're gonna no one got off lightly we're like we, we're still going to do it. It's different. Like now,
and this is speaking,
I like to say like purely objectively,
I think people,
I don't know if they're taking him as seriously as a negotiator after kind of
what happened.
Cause I think there's like this,
did he get,
did he have to black out because of the bond market?
He backed out anyway.
So like,
is he really in control
of the decision here so like i don't know if the threats are as threatening that's my general sense
of this like whatever he says at this stage kind of feels a little less like oh okay it's just
gonna work out because it also feels as though as ov put it there's other decision makers in the room
it feels like one of those decision makers is the bond market so um it
doesn't feel like he just has carte blanche to do whatever the hell he wants when it comes to
these sort of tariffs and i think that's um that's important to know because uh you know as we go down
this route it feels as though there's more chances he'll be allowed i think the market will act less
drastically to some of his comments um it's probably slightly better for us overall in crypto
because we generally sell off on these crazy headlines.
So yeah, slightly better market for crypto.
Obviously, we've seen money printing go up over the last few weeks.
There was this general bid, and I do think Bitcoin's got a good chance here
bid and i do think bitcoin's got a good chance here to like take that narrative um gold is down
to take that narrative.
a little bit today but but it's still up very close to all-time highs here so um feels like
those two have a pretty strong narrative going for them at the moment i think the biggest story
away from that was probably this this mantra thing um where yeah i think a lot of people i mean this was a coin which we had spoken
about a couple times on the show as being one of the best performers
of 2025 and none of us has heard of it
a RWA chain out of
Dubai
need I say more
you really had to
specify right
we've seen a few of those
and seemingly dropped like 90% You really had to specify, right? We've seen a few of those.
And seemingly dropped like 90%. And a lot of people pointing fingers at finance, at the team,
that this was just like a rug from the start.
But I think weirdly, like the market sold off when that happened yesterday.
It was around the same time as Trump's comments,
but I think it was also just like, oh God, like,
I think a lot of people are in coins where they see very little going on
and they still can have high valuations.
I think that's like half crypto.
Do you know what I mean?
Like some of these chains aren't used and still have billions of dollars
of valuations.
Some of these protocols are not used and they have billions of dollars
of valuation.
And there's this like unwritten rule that like, oh're just gonna stay there and this i think was a little
bit scary for people because i think they probably think oh could this happen again um could this
happen to my vaporware um yes it can and it will actually okay so so i think i don't know if i will
i did look for some of the other big rwa coins like ondo
didn't really like ondo's kind of unchanged like that as a narrative is an interesting one because
there's a few coins in it which like don't really do that much right now and have very high
valuations and they're kind of pivoting being
chains or they're trying to capture it but it's not quite there yet so i i don't know maybe there's
more rugs to come from the rwa space it's definitely a space it's almost similar to the
ai space where there's like there's a promise of stuff in the future and i mean there's no ai coin
at six billion dollar valuation but but that's the sort of stuff where I'd worry about,
oh, is this just going to rug in one day?
Wait, can you just explain something to me?
Because this is the founder, right?
And then the team.
I think the original team, Mantra account,
posted a quick tweet yesterday,
which wasn't great after a coin is down 92.5%. Which, by the way, I don't even know why this was worth $6 billion in the first place, but I guess that goes for most of crypto.
Can you explain to me how they're saying that there's an important stakeholder that got liquidated on an exchange for a big big size but could you explain to me how this
takes a token down 92.55 percent well it doesn't that's the point um right like okay
like obviously a coin is just buyers and sellers and like if there's no real volume
right you know there's market may probably hear like making fake volume and sellers and like if there's no real volume right you know this market may
probably hear like making fake volume and then and then maybe somebody's dumped and they realize
there's no actual bid for it um there was some commentary from zach xbt that some big mantra
holders have been hacked recently but again that can always be a laugh too like that people may
have lost access to their wallets um when something falls 90 90 that's that's a pretty
heavy sell-off um it what it really shows because you could say oh maybe just the lp even on even
on binance was low and like just if there is no other buyer of that coin, I think it says a lot.
You know, like that would never happen to, even if like this happened to another coin,
even like a meme coin, like there's buyers of the dip.
If there's no buyer for 90%, it probably tells you that there was no real buyers anyway.
And I think that's, it's been a, it's been a, yeah.
Amanda, what are you...
Now you reply to people like that?
He's a meme lord.
That one did some numbers.
Oh, God.
Yeah, I think it was an interesting one.
Like, it really just... yeah, I think it just exposed
that maybe this could happen with a bunch of tokens.
So, let's see.
I think what was also interesting about this one is I remember
there were a few people kind of like victory lapping
and pointing out like, oh, none of the KOLs on the timeline
told you about Mantra.
It's one of the number one performing alts of the entire year.
You need to fix your
timeline it's like no one talks about what the hell was and turns out it was just a totally
it is fake artificial pump so i don't know not a great story dev is french
is he red flag number one yeah i. I'm just assuming he's on a French flag somewhere.
Oh, God.
Yeah.
That's another Dubai special.
A number nine that we call them.
Wow.
Anyways.
All right.
So I have no idea what happened there.
I just thought they were on the
kaito thing like tyler is that right like there was a kaito yapper leaderboard for them or something
like that or i actually don't know if they were on kaito i don't remember them on
kaito i'm trying to look so they would be oh yeah they are on here yeah all right
um but i mean kaito's got 25 post tge community leaderboards so
like that it does point one of those things you've got a bunch of
folks trying to farm kairo who don't actually know anything about these protocols and they're
spreading messages about it like that can amplify the potential issue right no I'm just like I was trying to
see a pattern right it's like you come with some bullshit narrative you pay to
play on the platform where people like talk about your product you know cuz
people just probably paid to yap right cuz they're trying to farm you out
points so it's nothing to do with the title by the way and then and then you
know you kind of like do
all this stuff and then bang like all of a sudden that's the kind of the new play right like back
then in 2021 nfts it was like x apple and x amazon start an nft project and then they raise like 25
million dollars then the project becomes nothing because turns out the guy worked the genius bar
at apple you know i mean so we gotta be careful here man these are these i'm not saying they're scammers because
i don't know it seems like the founder wrote a very large post about it and then ended up on a
few podcasts right away i kind of like that usually about the if you if you're trying to fix the
problem but it looks like that was uh looks like it was quite a big uh deal so do you guys think
a token like this recovers no this oh there's nothing there there's so much of crypto is like
that like these scams are wild like um like they i mean they do this in in like tradfire a little
bit like you'll find these random companies
where they have huge valuations and then somebody
just releases nothing there
but there's going to be some of this in crypto
too for sure
I think the broader question is
what does it mean for the broader like RWA
sector here like are the other coins
are they going to go up or are they
going to go down as like the
broader sector has some trust loss.
So we'll see.
You get to,
you have to evaluate each of them individually.
So let's have a look at Ondo.
Ondo is a coin,
which is probably leads to that sector now.
Now that Mantra is at zero.
Ondo,
I don't think it's making any revenue right now,
or at least it's making de minimis revenue.
The hope for Ondo is that I think it's trying to pivot,
pivot to being a chain
that partners with
TradFi in the US.
Ondo has got some links to TradFi in the US
and the idea is that they'll be able to
onboard different
BlackRock
and all these sort of guys
and there's going to be revenue
from the shared funds.
They may make some small fund revenue,
but the actual revenue to buy that token is not high.
Ondo still has a diluted valuation of like $9 billion, right?
There's just a lot of points like this.
There's a promise of the future
and probably like random X partnership.
Like we've got a partnership with these guys on this
and you never really know in crypto. probably like random ex-partnership. Like we've got a partnership with these guys on this. And like,
you never really know in crypto.
And I think it's,
it's most prominent in lower cap coins,
but during this cycle,
a number of sectors like RWAs and,
and AI to a certain extent,
and maybe like gaming would be the other one,
right?
Like for most of those are now have gone down a lot. Like there's a lot extent and maybe like gaming would be the other one, right? Like for most of those are now,
have gone down a lot.
Like there's a lot of that just like,
there's not a lot going on here for that valuation.
and it's really just about supply control rather than actually about actual
value.
yeah.
I mean,
look on the flip side,
you could be a holding East for, uh, according to flip side, you could be holding ETH.
According to Wobin Boba, one of our listeners, he's saying,
even down 90%, even down 90% and outperformed the theory of year to date.
Actually, that is wild.
That's what I'm saying here.
That hurts.
It's not hard to do.
Or on the one year.
Or on the one year. Listen, I have a glass half full type of guy, you know, but uh, but yeah
No, I don't think this would something would affect the whole RWA narrative Tyler
I think people just like flops like a more I mean, I guess people do start looking
I mean, it definitely is not the cycle of altcoins. Let's just put it that way, right guys
it's like
between the scams and the hacks and the altcoins just getting slammed nonstop versus Bitcoin and everything.
And everything just flocks back to fart coin.
Speaking of which, Tyler, why don't we go to Tyler's top 100?
Because, you know, I think of fart coin, I just think of Tyler.
I don't know.
I don't know.
Because of that doctor story like last year, I guess.
You were kind of the first person to bring up fart coin to me early on.
Anyways, let's go
to Tyler's Top 100.
Alright, folks. Crypto
majors. Nicely green here.
Up about 2-6% across
the board. at 85k
amidst ongoing tariff volatility and roller coaster headlines with walking tariffs back
and then saying hey that was fake news so it's an ongoing roller coaster the sole eth ratio
closed at its highest level in history yesterday uh the highest ever weekly close so eth continues
to have perform not only bitcoin but
solana as well we talked about mantra om that token fell 90 percent lost over five billion
dollars in market cap u.s recession odds on polymarket fell from over 60 percent to below
50 over the weekend though after one of the latest trump tariff reversals so perhaps recession odds
less likely uh ethereum developers have finalized their may 7th Pectra upgrade and are now planning on the next one called Fusaka.
Breaking news this morning, we saw Strategy buy another,
is this right, 3,459 Bitcoin, an average of 82,618.
That was a massive buy from Strategy.
And then MetaPlanet, the Japanese microstrategy,
they bought another 26 million.
So the companies continue to pile in.
The headline is going viral here.
We've got the story from Decrypt.
Crypto punk whale Wilcox, he pled guilty,
faces up to six years in federal prison
after filing false tax returns
and concealing $13 million in income
from his punk sales in 2021 and 2022.
So not great.
Tomorrow is tax day in the United States.
In AI and memes.
Prompt token reached 55 cents at peak over the weekend,
hanging out around 45 cents right now,
around $100 million market cap.
Meme coin leaders were pretty green over the weekend.
I think there's some broader strength in the sector.
This RFC was one of the top movers.
It crossed $100 million.
One of the few times we've seen a new meme cross that threshold. so that was a big one fart coins leaving all movers on the day
across crypto right now and then one to watch those trump token unlock start this friday folks
yes it has been three months april 18th 330 million dollars set to start unlocking a couple
other stories here odin.fun has paused its Bitcoin meme trading and withdrawals
after their co-founder was hacked, so that's not great. The latest Opepin set, Zupepin.
One of the more fun stories, the NFTs we've seen in a while. They opened up at a two and a half
ETH floor, 20, 30 sales in that one to two ETH range. Current high sale, three and a half ETH.
We saw Bitcoin, NFT leaders, and runes were pretty green over the weekend. Those Taproot Wizards
almost back to 0.2
Bitcoin. So that's
10 ETH, roughly.
So that would put it right neck and
neck with Pudgy Penguin. So that's a pretty big floor.
Then this abstract Bitcoin
Ponzi game, it fell off a cliff
on Friday, but
refresh the charts.
It's
grinding back up. It's her butt.
It's grinding back up.
It's back to $7.
So maybe this thing has
another set of legs in it.
We're not doing another week
of Bitcoin.
We don't have to talk about Bitcoin.
I talked about your micro bag.
It went down 90%. It was, of course, We don't have to talk about Bitcoin. Go! I've talked about your micro bags.
It went down 90%. I heard that.
It was, of course, like the fall that everyone expected.
I think the open question was, would it have any kind of a rebound?
And it looks like maybe it does, but we will certainly see.
Not really.
There's a lot of directions we can go.
They just announced
a new system to it Tyler
if you open up the twitter
they've now got macro strategy bonds
Michael Baylor and all sorts
of other bits and bats going on with it
so they're doing something big
they're doing something big
big things coming with the
Bitcoin B you you know?
Yes. Indeed.
It's been three months.
So it's been three months since Trump.
Yeah.
And that means it's been three months since Melania.
Correct.
So Melania will turn three months old on Sunday?
Saturday?
Yeah.
Was it one day after Trump?
No, it was two days.
No, no, no.
Friday night, Sunday.
The best two days in crypto history.
Before the worst.
That's going to be a big story to watch.
It certainly feels like...
What do you think happens here, guys?
What are your calls? What do you think happens here guys what are your calls what do you think
happens like usually a token before an unlock like this pumps and then you can oh that's the
wrong one sorry and usually kind of sell into it what what do you think you think they're
i do you think they're just going to recklessly dump 400 million dollars into i don't think so
right surely you don't just do that if it doesn't dump i could see some folks think take that as a sign of strength perhaps
like this was the big hurdle coming up i don't hold any trump coin but man i mean it's also
like this thing has got no momentum no one talking about it it's like why and it's still so expensive
like why would you buy it i think they need some kind of a big curveball announcement or surprise. I got to go, lads.
All the best.
See you, Mando.
Pops, go ups.
So, I mean, what do you – I don't even have a read on this.
Zero read on it.
Yeah, it's hard.
I've been thinking about it.
Because I was like, maybe do I take a trade?
Do I not?
I'm like, I'd rather hold soul over that.
Or just fart coin, which we'll talk about in a second, I'm sure.
But this is – And if you're buying it here onartcoin, which we'll talk about in a second, I'm sure. But this is...
And if you're buying it here on the hopes that they're going to pull out a trick,
what is your upside?
20%? 50%?
You think it's going to go past 12%?
And there's other plays on the meme board
that look easier for a 50% gain right now, right?
Versus still the downside risk.
I mean, this is still at 8.5 billion FTV.
That's the thing.
With 300 million in cell pressure,
unlocking on Friday.
And that's the thing is on every pump,
you can't even hold the pumps
because you're like, well, what if?
Because it's unlocked.
Because then it'll be monthly too.
So not only do you have to survive the first –
you have to survive like the first week, right,
to see how it's going to shake out right after it opens up,
but then you also have to survive it every month.
It's a tricky one.
It's hard to paint the bull case.
Yeah.
Okay.
I guess we'll see what happens in that front.
Speaking of meme coins, Tyler, our favorite, Farcoin.
I mean, guys, ever since I've been gone, this thing has just been ripping.
This is just, like, insane.
I bought some literally.
I was at the airport two weeks ago from today.
Two weeks ago today.
It was on a Monday night.
I was at the airport
and i had some solana in a hot wallet and i was like yo what if i just like it's not an insane
amount i think i said on the show but i was like i'll just buy farcone with it with the whole
amount and let's see if it pays for everything and i have to say man this thing has paid for
my whole trip and then some i mean it's it's starting to pay for my future Lisbon,
rent at this stage.
You love to see it.
This is just,
yeah,
it was the perfect company.
What happens now,
Tyler?
yeah,
we had the perfect read on this by the way.
It was,
I mean,
I didn't think it would go back up this fast
but i'm being totally honest uh so like this has been incredible to see we're also we're up now
3x in two to three weeks here i think we're probably going to kind of chop in this range
like maybe maybe we overshoot a dollar on a big pump or short squeeze i think it's going to take
a little bit of time to consolidate at this next level,
unless we just see a major breakout.
I think what's interesting to watch here is it did this with Bitcoin at 85K,
Sol's at 130.
And you've got folks like Ansem calling for Sol to go to 180 now.
So if Sol pumps 40%.
We're not going to $50 anymore?
He's bullish. That was the call. Oh, they're bullish now. Okay. Yeah.
Uh, there's more bulls on the timeline now. So the question is if, if, if
all runs 40%, what does fart coin run? And probably more.
What I love about this is that it's the stupidest coin, right? The fart coin.
And it's the most TradFi adopted meme coin
at this stage.
Almost ever.
I can't say it's more adopted than Dogecoin
and TradFi because Dogecoin was the meme, whatever.
So I'm not trying to compare it either.
But during the roughest time
last week, right?
This time last Monday was Black Monday, right?
And that thing was ripping through all the Trump tariff China shenanigans.
And now I feel like the narrative just got stronger, Tyler.
It's like, I'm here like, wow, like at what point do I just put all my Solana into this thing?
I'm late, clearly.
But am I?
Still 60% off all time high.
If Solana goes.
Yeah.
This is crazy.
I mean, I can't believe I didn't do it.
I did it last time around
when it was around 600 million.
I did not do it this time around
because I was convinced
I wouldn't go lower.
I caved.
I was fully allocated
but to majors
instead of
to my favorite coin,
to our favorite coin.
look at that.
Anyways, Tyler,
what else you got for us?
I see Naveen in the stew.
We'll go to Naveen's stew in a couple of minutes,
talk about all things Tari.
You know, I love that stuff.
Naveen loves Farquh, I'm sure.
Can't wait to ask him about Farquh.
But Tyler, what else you got for us today?
Yeah, I think the Opepins set's a fun story, right?
I don't think we've seen an Opepins set in a while.
I like it.
Take over the timeline.
So I think a lot of folks rooting for this one.
I think I've seen a lot of folks who maybe haven't been buying NFTs as much,
kind of jumping in to buy this one.
So it's called Zupepin.
I think a handful of artists collaborated on this one over several months.
It went live, was massively oversubscribed, like 2,800% subscribed.
That unicorn is the one of one up in the top left corner.
That crab, seven over on the top row.
That one sold for three and a half ETH.
I think that's the top sale that we've seen so far in the collection.
It holds a two and a half ETH floor.
So anyone who minted and got that got a nice little return
over the Opep pepin floor so it was
a fun one fun story we had a couple nice punk sales over the weekend uh cowboy really sold
like in usdc they're so cheap like that cowboy sold for a hundred thousand
uh which the floor was over a hundred thousand like uh a couple months ago. And then that other one sold for $62.5 right next to it.
So clearly people are continuing to buy some of the more aesthetic bonks.
Hasn't been a whole lot of floor action recently.
I think we're probably waiting.
I think we need to see a little bit more risk on,
like if Bitcoin clears $90K,
maybe folks start to feel a little bit
bulled up about going down downstream a little bit more into box.
I think that's kind of my read.
So we're hanging out at 42 and a half.
It's been pretty much a stable, stable floor here.
I don't know if when you were out last week,
that alien sold for $6 million, but it was a $10 million.
Oh, it's death.
Yes.
He's got his fourth alien.
Dude, Ovi back at it buying aliens.
So in terms of like ETH, it's a lot of ETH, by the way.
It's just that ETH is down in the gutter.
Yeah.
And $6 million, if someone has, listen,
there's still someone out there with the appetite
of spending $6 million on a JPEG,
on Ethereum on top of that.
You know, listen, it's got to be bullish.
For punks, the thing is, I feel like it's so positive EV to buy a middle punk, something aesthetic, than a floor punk at this stage.
I have a friend, for example, is shopping for a punk.
And he put a bid up.
He doesn't want to touch the floor.
First of all, I don't really like any floor punks. Like tell me pick anything in the first two three rows i'm not a big
fan right it really takes around like here not bad so you're really looking at nothing crazy under
like 47 ish eth and then above this and and clearly the market is saying the same thing as i am
uh here like you have really nice punks here here here so you really got to dish
out a little more and these middle punks are selling man so that's always a good signal to me
uh when i when i see something like that it's been the story of the cycles like bitcoin and
then for nfc's been punks that's really it right and then of course a bunch of pudgy stuff along
the lines like between the airdrop
The airdrop.
He's a good friend, good guy.
He's been a retired time.
So that goes to tell you that there's going to be appetite for these old pepins, man.
When the market turns around and hopefully when NFTs start doing better
and the art space in general, people are still going to want some.
I saw you talk about Grant Yun last week and stuff like that.
So don't want to reiterate, but you love to see that.
And then the other thing on punks though,
that Wilcox story is crazy.
Yeah.
So when this headline first started coming out,
we didn't know if he would be facing jail time.
So I think that was the open question.
So he did plead guilty as the details have come out.
He effectively checked a box that said he didn't have any digital asset
transactions.
So it's not like he So it's not like he reported
$1 million in income when it was actually $13 million. He reported
zero. So those are the type of
egregious crimes
effectively that I think will get you in more trouble versus
if you miscalculated,
but you at least put some type of a good faith effort into doing some type of
reporting. So I think they'll probably make an example out of that.
I don't know if he's going to get the full six years.
I would imagine it's probably less than that,
but I think they'll probably be facing some, some actual jail time for this one.
So just another reminder folks with tax day. And tax day, if you live in the US,
it's nice to go to sleep at night.
He made an extra
$3 million.
That's what the article says.
Really?
$10 million versus $13 million isn't really that
different.
Take your $10 million, give the government
their $3 million,
and go on. He still owns 100 punks, so
it's not like he's poor.
There's also, like, from a trading perspective,
yeah, from a trading perspective, there's a question
of, okay, like, does he have to,
will he have to liquidate the
punks to,
you know, sell for fines,
you know, raise capital for fines,
that type of thing.
Punx OTC kind of alluded to the fact that maybe he had already done that.
It's like,
I think he went on a cell spree,
like back in 2023,
maybe in the 2024.
Yeah.
So I don't know that we're going to see a whole lot of like Wilcox cell
pressure necessarily.
But we'll,
we'll see.
Never rooting for anyone to you know have jail time
but no matter who it i mean depends who sorry like someone like duquan and sbf we're definitely
rooting for them to be in the same state but uh someone yeah but those ones man this sucks dude
this is why a tax day tomorrow if you're one of those people that check that you don't have any
crypto punks sales to your name or any crypto sales, maybe go back and check that box.
Okay.
You're going to sleep better at night.
And if you don't want to, then maybe go live somewhere else.
But you know what I mean?
Like there's, there's, that's so crazy, man.
That's crazy.
That's, that's really, really wild.
And also his, his, his buy cut average is nothing
so that three million really means nothing to him like it's like it's because he he he claimed most
of them right if not all of them he was one of the biggest punk claimers ever right he's like 200
punks so yeah we covered this last week like no three two and a half weeks ago when the news came
out with the irs and and i'm afraid that they may make him an example because that is a prime example for the other NFT traders
that made a lot of money last run.
And sadly, also be careful because a lot of these people,
I mean, including myself, lost a lot of money after that.
But you still got to kind of pay your taxes then, right?
So you got to pay attention.
Anyways, Tyler, if there's nothing else that was super pressing,
we can probably talk about it tomorrow.
Perfect.
Let's go to Naveen.
Naveen, extra bullish.
Oh, yeah.
I got the so bullish.
And we got Naveen extra bullish.
I love that.
Naveen, what's up, man?
How you doing?
Good morning.
Good morning.
Thanks for having me, guys.
How you doing?
Naveen, thanks for coming.
We're good, man.
Of course.
We're really good.
Another day in paradise, you know?. We're good, man. We're really good. Another day in paradise, you know?
Yeah. Hell yeah, man. Well, it's a green day, right? So, you know, better to have a green day than a red day.
Oh, yeah. Definitely. Oh, wow. It is. Wow. We're definitely green. I just looked at prices again.
I don't have my double monitors this time, so I can't just have a whole price smaller next to me, but we're definitely green green. I love that Tyler
I feel like you got to change your name for like Tyler
I wear the green hat every day. I'm feeling ultra bullish and I wear it most days
The green bulls hat is is is my signal usually I mean the vein how you feeling these about the market everything
You're always bullish. You're no D. I mean, Navin, how are you feeling this about the market and everything? I mean, you're always bullish.
You're no D.
I mean, you've been in crypto for forever.
I mean,
how has it been the last few weeks?
I mean,
look,
it's obviously very hard.
I know for everyone with the macro,
you know,
it just feels like whiplash every day.
You know,
some new announcement,
pronouncement from the king,
you know,
like,
you know,
the king,
you know, says this, and then he says that, and everyone's like, oh my God, what is he going to say next?
And I think that makes it really hard for everybody because, you know, we're all trying
to find our way and we all have different stories that, you know, we believe in.
And so, but, you know, look, I think obviously, just like you guys, I believe very strongly that this is the future of money.
This is the future of finance.
Like, we're all in the right place.
And it's just a question of, like, which technologies end up being the thing that is super successful over the next, you know, three, five, ten years.
And, yeah, you know, I have my long-term conviction bag.
You know that I'm not much of a traitor.
I don't pay attention to charts really.
I don't watch price all that often
because I've got my long-term bets
and I just kind of let them ride up and down,
like the rollercoaster kind of vibe.
So I'm happy with where I'm at personally.
No, I love that.
I mean, Naveen is one of my very, very close friends
and also a genius, honestly.
I often turn to Naveen when I need some advice
over everything that we're doing.
So Naveen, why don't you like give yourself
a little bit of an intro for our audience
that may not know you as well as I do.
And then let's talk about Tari
because you guys are one of the chain slash
narrative that people are actually looking forward to on the timeline.
A lot of people, a lot of actually very smart people talk about it.
Mando has told us a few times on the show already that they've invested in your company
as well.
So he literally put his money where his mouth is with you guys.
So why don't you give us a little introduction of yourself and then what's happening with
Tari in general?
Yeah, totally, man.
Um, yeah, so I yeah so i'm naveen
uh i i love building things you know i i started off my career actually in the music business
started working with bands in building their websites and fan clubs and online stores had a
lot of success in that first business um and then i you know built my second business in the logistics space, founded a project and put it through Y Combinator in 2014.
You know, I love betting on startups.
So I'm an angel investor in many, many, many, many different things in the crypto space.
You know, like I was a seed investor in Layer Zero and got to participate in one way through, you know, in the Solana Series A and, you know, a bunch of other things.
Obviously, I'm a backer of you guys, as you know, and very passionate about what you guys are doing with Myriad and Decrypt
and all the other amazing things that you have going on.
So, yeah, and then, you know, I got into this space in 2016 as a Monero miner.
I got into this space in 2016 as a Monero miner.
And for me, it just made a lot more sense
than getting involved with Ethereum
and some of these other things that everyone loves these days.
And then I got to meet the former lead maintainer of Monero.
His name is Fluffy Pony.
Well, his real name is Ricardo.
He goes by Fluffy Pony on the timeline,
which is a whole separate conversation.
he's like, he's a total
OG, such a great dude.
We're totally cut from the same cloth.
And we started working on the
Atari project in around 2017.
So it's been a very long road
for this project. It's taken us
a really long time to get to where we are at.
But obviously, we're really excited about it.
We think that there's a new opportunity here, and we'll bring sort of a fresh perspective
to the table.
Yeah, this is great.
So I love that.
So Fluffy Pony, yeah, I remember talking to him back in the yacht days.
But it's actually pretty crazy that your partner is one of the co-founder,
co-core contributors of Monero, right?
We've talked to Monero a lot, especially in the downtrend, I think.
We were talking about Monero in the sense that it was probably one of the safest havens, right?
The safest to own 2025 so far, which is really impressive.
So why don't we get into mainnet for Tari.
Sorry, because I know you guys have mainnet coming up in April.
It's coming up very soon.
People have been mining Tari for a minute.
I've been seeing it all over my timeline.
So what's Tari?
Because you know, Naveen,
you and I talk about this a lot.
There's a lot of chains out there.
A lot of chains.
There's a lot of surveillance chains out there.
Yeah, a lot of surveillance going on.
Tell us how you really feel about blockchain and why and why why tari yeah so i i think that um you know the there's a couple key elements to tari so the first thing i'll share um i just
shared my screen if you want to put it up. So basically,
our general view is that what really matters in this space, what really matters for any given
token is the number of people that care about it. And so when, as we were thinking about how
to design Tari and how to, how to create the best possible opportunity for a new protocol in a world where there's, as you and I have talked about, like literally a kajillion protocols.
Like how many protocols are there?
It's unbelievable when you really kind of look at the data, like tens of thousands or something or some crazy number.
So how do you optimize for having the best possible
outcome when you're building a new protocol? And what we thought about is the best thing we could
be really doing is figuring out how to create as much emotional connection as possible with people.
Because at the end of the day, when people choose buy something it's an emotional decision I mean you can look at all the charts you want but the decision to buy something
Always is essentially an emotional decision
You're you're kind of justifying it to yourself at the end of the day that I should pay a price for
whatever token X Y & Z or product or whatever it is and so
When we thought about it, we thought gosh gosh, you know, proof of work as a technology is where we started, right?
Like that's the technology, that's the security model for Bitcoin.
It's the original security model for Ethereum.
It's a security model for Monero and for many other tokens and protocols that people are very familiar with.
And we realized that proof of work is sort of a lost art. It's a technology that we've kind
of like pushed aside in favor of proof of stake. But there's some very interesting trade-offs
that people just don't think about. So I don't know about you guys, but whenever I get an airdrop
these days, first of all, nine times out of 10, I'm instant seller. Like, I don't care what it is. I don't care where it's going.
I'm like, because I get punished.
I get punished so often when I receive-
Don't tell Jesse Polak about that.
Sorry, what?
I said, don't tell Jesse Polak about that.
Oh, yeah, yeah.
No, I mean, it's like, but it's crazy, right?
And I think, you know, we all feel the same way about it.
And I realized that, gosh, there's this huge problem where you receive the token.
You didn't really do anything for it.
Maybe you clicked some buttons.
You farmed a testnet.
You tweeted about it a few times, like in the Kaido era.
like in the Kaido era, like everyone tweets about something a few times and expects to get rich,
Everyone tweets about something a few times and expects to get rich.
you know, like, but you know, what I learned in the music business is that if you get something
for free, you don't really value it. There's no, there's no value connection. If you get something
for free, like I used to get shit all the time for free and I don't value it at all. And what
I realized is like, man, we're kind of really fucking it up with this proof of
stake stuff.
And the reason why is because you're not getting people to make an emotional connection.
You're not asking them to really commit to doing anything in exchange for the token.
Where with proof of work, you have to do the freaking work.
You have to mine the coin.
There's an electricity cost.
There's a, you know, compute cost.
There's a time and effort cost.
You've got to do something, right?
And so the first decision tree for Atari was like,
man, maybe we need to really optimize
for emotional connection here
and build a product that people can use to mine Atari
that hopefully creates that bridge in terms of connecting with people in their hearts versus just connecting with people in their minds.
And so what we decided to do is build the world's easiest to use crypto miner.
So this is called Tari Universe.
It's what you see on your screen.
And it's really kind of a remarkable product because it's three steps.
You download it, you install it, and you run it,
and it runs on basically any modern Mac or PC,
so you don't need, like, custom hardware.
You don't need to be an expert at mining.
You don't need to be, like, some guru cryptographer rock star.
You could just be, like, you could be my mom.
You know, you could be my mom,
and you could, like, download this thing on your Mac, and you can mine Taring.
And when you run it, it's dope because it does basically everything complex for you behind the scenes.
It creates your wallet, connects the network, syncs state, helps you join a pool, and you start mining within very little time.
And what we do is we represent the blockchain as this three-dimensional tower.
And mining is sort of a race.
It's a game.
So you're competing with all the other miners to build the next floor of the tower.
And that's part one of the Tari story.
Part two is the one you know about, which is it's default private.
And to me, I get on Spaces sometimes and I have these really hilarious conversations where people are like, well, Naveen, isn't the purpose of blockchains to be transparent?
And I'm like, bro, the original Bitcoin white paper has a whole section on privacy.
I mean, what are you talking about?
This is like an implementation decision.
It's not like some core thing.
Oh, all blockchains must be default surveillance or they're not
blockchains it's like bro this is this is a choice and and when you really zoom out and think about
and you go okay what's the purpose of these protocols the purpose of these protocols is to
become a new layer of the internet that you know powers basically programmable money you know and
all kinds of different all different kinds of programmable money and all kinds of different, all different kinds of
programmable money. And when you really think about that, you go, gosh, well, when I send a
wire transfer, who knows about it? Hey, Farouk, how much is in your bank account right now?
Do you want to create a world where someone can just Google the bank account number and be seeking
your balance and your transaction history.
You know, and you start to think about that and you think about, gosh, this is actually a safety issue.
You know, like when I'm walking down the street in whatever, New York, Paris, San Francisco, whatever, I don't want everyone to know what I got going on.
That's crazy.
That's a safety issue.
Right.
And then you start to think about business and you're
like, oh my gosh, wait, you know, you see it all the time. Like you see these tweets about Ethereum
and Solana. Oh my God, it's the chain of business. And look at all these partnerships and shit.
And you're like, all these companies they supposedly are partnering with,
do any of these companies want every employee to know how much other employees are getting paid
or how much customer A pays for product or service versus customer B or C?
Or could you imagine if any corporation has a stack rank list of all of their customers by revenue or volume?
Anyone could create a dune dashboard and just vampire attack their best customers.
Can you imagine if the world actually worked that way?
No business would be successful because the cost to acquire a customer for most businesses is pretty high. And you need to like
build loyalty and have control over your customer base in order to maximize your lifetime value.
You don't want to have Delta Airlines in a scenario where American and United
are poaching all their top flyers, Delta wouldn't survive, right?
And so you start to think about that and you go, gosh, you know, well, what are the surveillance chains built for?
They're not built for business and they're not built to keep users safe.
So who the fuck are they for?
And by the way, I'll tell you this.
I mean, you guys are traders.
That's really not fair.
You're much more than traders, but you like to trade.
That's one thing you like to do.
We love to trade.
You love to trade.
Think about it this way. Do you really like everyone
just following your wallets broke?
You're a famous guy.
You were with me in 2021, Naveen.
You were
by my side.
This year
specifically,
it really hit home with me. I don't know if you saw the story about the Chicago man.
I don't know if his details were leaked in the Ledger leak or how they found out.
They kidnapped his kids.
That was a few blocks, like less than a mile from me.
Oh, dude, that's crazy.
And I'm not a crypto well by any means, but that's very scary.
And it's like more and more people see that and the need for privacy.
I think we've seen it more this year, Tyler, because there's been so many more crimes.
And they've been more public because usually they're very private.
You don't talk about these crimes.
Now that crypto is cool, the media picks up on it.
But you're right, Naveen.
You don't always want people to just look into your thing.
Or even there was a moment in time really on Rug Radio where I had to pay my employees in in crypto because i didn't have any off ramps no banks wanted to bank we're
bankless for a long time and i i don't feel comfortable that uh just the average person
can go and see how much one of my team members paid i think it's not fair to them either no it's
just unfair to them forget me it's unfair to them that people look into their stuff it's just not how
things should work.
Well, I mean, we could get into a whole ideological conversation about how if you take away people's privacy, you're really taking away their freedom.
Because there's this concept of a panopticon where if you feel like you're being watched, I want you to imagine you're like, I don't know, the subway somewhere or something and you know, someone is watching you and you, you kind of like, I don't know about you,
but sometimes when I feel like people are watching, I don't know what to do with my hands.
You know, like I'm like, well, do I put my hands down or I would cross my arms or like,
what do I do? And then, you know, inevitably we all have these devices now with us. So like,
I'll pull out my phone, because like, I'm uncomfortable
that someone's like fucking watching me. And I don't know why they're watching me. And so what
people don't realize about default surveillance systems is they actually change your behavior.
If you know that you're being watched, you may not do all the things that you normally would do,
you're not able to be your full self. And if you're not able to be your like full or true self,
are you really free?
That's really the question.
So that's like a big like ideological thing.
But anyway,
last thing about Tari is the other,
the other thing about this industry we think is like completely fucked up
is like the lack of support for builders from 100% of the surveillance
chains. Like the surveillance chains.
Like the surveillance chains are basically universally dog shit for builders.
And I know that's a big statement.
So let me kind of like justify it for a second.
Okay.
So you think about someone who builds an app for like your iPhone or something, right?
Why do people want to go through the pain of doing that?
You know, you have to pay Apple a fee to have
a developer account. You pay up to 30% of gross revenue when you ship your app on iPhone. You
got to go through some crazy ass approval process. There's a bunch of interns looking at every
fucking app, making sure the guidelines are being followed, the Apple guidelines, they're super draconian. Why do people do it? There's one reason. And the reason is because Apple gives you distribution.
Apple gives you users. They give you customers, right? When you ship an app on Solana or Ethereum,
how the fuck do you get distribution? There's no app store. There's no discovery. You have to be chronically
online on the timeline or in some group chat to even learn a new app ship. A new app could
have shipped while we're having this chat right now, and no one would know about it.
I mean, you might know about it, Froak, because you're one of the most plugged-in people in the
fucking world, but I won't know about it. How am I going to know about it? Right. And, and that's the crazy part about this industry is that it makes it almost impossible
for new products to grow. And that's why I want you guys to really think about this.
There's probably less than 50 super successful apps across all chains in the industry.
I'd be surprised if you can name more than 20, like right now, you know, right?
Like Magic Eden, Uniswap, Baby Jupiter.
You know, if you're in-
But they're all Dex's, they're all exchanges, right?
Yeah.
All the ones we're going to name,
and then the ones we're not going to name
are probably irrelevant
because they were relevant two years ago,
but they're out of-
Yeah.
So this is like
three market it's like most of them are not even on chain right they accept crypto like all the
casinos right etc they're not really on chain apps it's like myriad is the only technically
on chain prediction market 100 polymark is the killer and cows well cooking right now i love
them for now you know um for now but that's weird now. But you're right. Here's the thing.
How many multi-billion dollar companies have been created on the iPhone?
I mean, think like Uber, Instacart, Airbnb, on and on and on and on.
How many?
I mean, games.
How many games?
So many.
A lot.
A lot.
A lot.
Okay, well, why?
Because they provide builders with the one thing they need more than anything in the world, which is distribution.
So what we realized, we said, okay, for Tari, we're going to build this crazy easy-to-use mining app.
We're going to work our butts off to get as many people to start mining Tari as possible and make it fun and interesting and exciting for as many people.
And then in the future, what we're going to do is we're going to change the interface for Tari Universe to look something like this in the future.
Okay, so the idea is we're going to turn it into a fucking app store, right? So you download the software for free from the internet.
It's open source.
You start mining Tari on your Mac or PC.
It's so easy to use that your grandmother can do it.
And she's earning coins and you're own earning coins.
Everyone's earning coins.
You'll be able to go directly from the coins you've earned
to using them on apps that are natively built on Tari.
And then for builders, we say, hey, look,
you don't have to negotiate for a tweet from the Swiss Dubai Abu Dhabi Foundation,
the Cayman Foundation from some bullshit surveillance chain.
surveillance chain, we're going to put you in the fucking app store. We're going to put you right
We're going to put you in the fucking app store.
here in every user's hands that are mining Tari. And as the number of Tari miners grows,
the value of the distribution grows and it becomes a better and better and better developer platform.
So those are the three insights. So let me ask you, so I love the app uh approach this is you we you and i have talked
about this but that's the reason why we went to abstract and not the other l2s etc because
totally you know i like the idea that luke with similar vision than yours and i love that
difference with you so tari is an l1 right i would clarify that for for people okay that's uh
focused based around privacy similar to monero uh The other thing is, so two questions.
One, how does someone mine?
Tyler wants to mine.
I want to start mining.
What do I need to know?
Is my electricity bill going to jump to $1,000 a month?
What do I need to know?
So there you go.
So how does someone mine?
And then how long have people been mining for?
But first, let's get into how does someone –
you've got a lot of people excited, including Tyler.
Obviously, I'm always excited about what you're doing. So how does someone start mining?
So all you have to do is visit tari.com and download what we call Atari Universe,
which is the name of this app. That's it. So you download it, you install it, and you run it.
And after it syncs and goes through a process,
you'll be up and mining.
Right now, it takes a little bit of time,
maybe 15, 20 minutes to sync up with the network.
But we're launching a new version this week where we've dropped the sync time
down to like two minutes or less.
So basically, it's going to be fast.
You download it, you install it, you run it,
and then that's it.
And then, you know, people have
been mining on the testnet now for
you know, since like October-ish
of last year.
At least using Tara Universe.
We had earlier testnets than that, but using
Tara Universe. And we have
this thing called the Airdrop Game, where you mine
these gems. So you can see I have
146,000 gems.
And basically you get gems as you
earn block rewards yeah through mining more gems you have the larger your airdrop will be
obviously i don't qualify for the airdrop so this is all you know my gems are going to go away they
don't they don't count um but uh but i gotta test it so there you go um and so yeah that's basically
it i mean it's that simple.
And then, yeah, we're launching the mainnet, you know, later this month.
And it's just intended to be a completely, like, everyone is zigging.
You know, they're like, oh, we're going to do the launch on the big centralized exchange.
And it's going to be a high FDB, low float.
And, you know, if you look at the data, I mean, you guys have the data over the last year.
All the listings on, you know have the data over the last year,
all the listings on the big exchanges are basically like this. It's like you were kind of an idiot for buying at the top. Tari is a completely different vibe because it's organic.
So at day one, there's very few tokens in the market because you've got to mine them, right? So basically I have a bunch of people out there who are mining these Tari tokens
and Tari builds up organically and everyone kind of rises together.
And I think that's a far better outcome for everyone in the community than like,
oh yeah, we were backed by some giant VC and listed on a centralized exchange
and now the thing is worth $7 billion overnight.
You're like, how the fuck is that? Show me. Show now the thing is worth $7 billion overnight. You're like, how the fuck is that?
Show me.
Show me how it's worth $7 billion.
It's like to me, so I'll show you one last thing.
When we think about Tari,
there's really only one thing that matters in our world.
Okay.
And that is this.
If you go to our block explorer, okay,
at the very top of the page, we show the number of active miners.
Oh, nice.
5,502 active miners on this testnet right now.
But these are not just users, dude.
The average Tari miner is spending almost five hours a day mining.
These are not users.
These are not users.
These are operators.
Okay.
These are people who have deep conviction and passion for this thing because they're putting their compute and their electricity and their time into it.
Right.
It's a completely different equation than some bullshit active wallet count TVL, you know, like, look how many people tweeted about my shit.
It's like, fuck that. These are miners shit it's like fuck that these are miners man
these are people who are mining this shit right so that is a completely different level of conviction
than what you have with the other protocols and as this number just grows over the course of time
then that shows how the usefulness of the protocol continues to grow. And that's really – it's really that simple.
So can people still hop on – I know we're over time a bit here.
Yeah.
And we're going to have to wrap up.
But just a quick question because it came from our intern here on the side chat.
So can people still hop on now?
Oh, yeah.
So you have TG – you're going mainnet today, tomorrow?
No, no, no.
Later this month.
Later this month. Later this month.
So there's, you're still early. I promise you're still early.
So you can start going right now in mind.
100%. If you started today, you're still early. It's still in test net.
And the other reason to do it besides gems and maximizing a potential airdrop is you can run the experiments on your system so that you're ready for mainnet.
Because otherwise, you wait until mainnet, you've not tried it, and then you go, oh my god, is my system working properly, whatever.
You need a crazy computer set up, gamer crazy.
I am literally doing this call
with you right now while
I'm mining on my laptop.
So I'm mining
on my laptop. Tyler's setting it up right
now. Tyler is
probably already sorted.
I can use space.
I can already
tell this guy's on tari.com
and he's... Yeah, so guy's on tari.com and
Yes, but that's what was happening like stop I noticed that it says top left like stop mining. Yeah collecting these gems
So so this is great. I mean hey, there's some alpha for y'all, you know
on here
You know there you go. He won a block but uh, you know
Stop mining tari.com. It's going to be a fun one.
So I'll be a lot of fun apps on there.
And,
we're going to be cooking with,
with,
with,
with Tari on the decrypt radio myriad side.
So I'm very excited,
to work with Naveen a little more here.
It's going to be a lot of fun.
It's going to be a lot of fun.
All right.
Well,
Naveen,
any last things you want to share here?
dude,
so grateful,
for the opportunity to come and hang with you guys.
Thank you for having me.
I'm a huge fan of both of you and everything you guys got going on and the
whole rug radio and myriad crew and locks and the whole team.
And yeah, we're just really excited.
Just do something a little bit different.
You know, we're, we're kind of tired of the same faster TPS.
You got to go faster, Farouk.
If you don't go faster, then it can't scale for a billion people.
And I'm like, bro, where's the billion people?
Are they all going to KYC?
Are you going to scan their retinas, all their retinas?
Scan the retinas.
Show me your retinas, Farouk.
I want a KYC.
You're going to fucking ask me for my fucking driver's license every time I fucking pull out my dick, you know?
Come on, man.
Let's do something a little fucking different for once.
I love it.
I love it.
Compelling.
I mean, I'm stopping the show here because that was too good.
Thank you guys for having me.
We're stopping you here, Naveen.
Naveen, thank you so much for coming here, man.
That was fun.
Love you, dude.
Have the best week ever.
See you, man.
Oh, man.
That was good.
Dude, I love Naveen.
I'll see some of my best conversations, a lot of my inspirations, even our trying to shape, craft, everything that we're doing on the myriad side uh whatever i i got a roadblock and just call this guy
you know he's always a legend advice anyways look we're yeah he is and he's og like he's the type
of guy like he comes on the show he doesn't just talk to talk right like he's been doing it he's
been doing it for a minute uh so you guys should definitely check out tyree.com start mining looks like tyler's a new miner here we got we got someone in the in the comments saying he's been doing it for a minute. So you guys should definitely check out Tyree.com. Start mining.
It looks like Tyler's a new miner here.
We got someone in the comments saying he's been mining for three to four months already.
So absolutely love that.
So go to Tyree.com.
Start mining.
One last thing.
If you go on my Twitter, on Ruggedo's Twitter, we officially announced our Dubai event.
Sadly, I have to go to Dubai.
I go there once a year,
so that's about as much as I can handle.
And so we're dropping a banger, though.
I go in there, I make a splash, and I leave.
So we got our event in partnership with Infinex
and a whole bunch of other people.
And that's live.
So if you want to apply to come, apply.
Because last year, there was 600 people at the event, Tyler.
They shut down the doors,
and there was 600 people more downstairs trying to come up.
But we can't fit more than 600 people.
Okay.
So don't, don't do this to me again.
Calling my phone saying you're Faroq's friend.
Sign up.
No one's Faroq's friend.
When, when, when I got in the panic going on.
Unless you sign up.
Tyler, I'll see you tomorrow.
And everybody as well.
See you tomorrow morning.
10 a.m. Eastern Standard Time for the episode of FOMO, our artwork radio.
Let's go. Thank you.
