GENESIS CAT SELLS FOR $254,000!!! 🙀🙀🙀

Recorded: Jan. 22, 2024 Duration: 1:46:43

Player

Snippets

I'm trying to get far as you join the space. He's not here. I think he fainted
Um, he lost his headphones oody but he's looking for them
Well, I would have lost my headphones too if I was in his position
Right now
It's pretty
It's pretty crazy. Um, so here's here's the news
Wait, there he is. There he is. There he is. Hello far. I
Don't know I don't know if you can hear us
Guys can everyone throw a heart for far real quick? I think he fainted. I think he's like overwhelmed and everyone could just
Put a heart emoji up
For far so maybe he wakes up
Yeah, look i'm i'm overwhelmed too
I don't know. Um, I don't know whose bid this was
But thank you
to the winning bid and to
Anyone else who had a bid and to everyone who supported us regardless. This is like an amazing result
Um, so yeah, the genesis cat just sold for
254 000 that is
6.3 bitcoin, I think
And I keep I want to say congratulations too far, but he keeps dropping out of the space. I don't know
I don't know why
But congrats far congrats
It's really exciting it's really exciting I um, I hope that we can get to um
I don't know how this works. Are we gonna find out who the bidder was?
Far can you hear us? Hey, yeah, I got it
Um, well, hello, how does it feel far?
It's good. Uh
Yeah, I don't know what I don't know how you feel
I'm I mean
I'm pumped
No, i'm fine. We don't know who is it like I wish it uh, I don't know
So are they gonna tell us probably not right
I mean someone's a message and I know who my I know who bought the my other piece
their message
So that's nice. They stay up
Feel very late where they are
To make sure they got it
That's that's really nice
very good
Yeah, I think um, so for those who don't know this was the
The first curated auction of ordinals on sada bees
where the sada bees team was
Basically curating which which ordinals uh works they wanted to auction
There's been a lot of
other really interesting ones over there
Let me see
I think yeah the entire auction closed already, but there there've been a bunch of other really really interesting sales
So there was a black rare sat just the rare sat itself
That was sold for 165 thousand dollars
Which is really crazy. Um to people who thought that
To people who thought that rare sats are not real then uh
There you go
There's inscription 21 by shroom toshi that sold for a hundred and one
thousand dollars
A bunch of very big sales here
Yeah, the biggest the biggest sale in the entire in the entire curated auction was the genesis cat by
for taproot wizards and for quantum cats
for 254 000 6.3 btc
far me do you want to tell us
A bit about the thought and and the process behind behind genesis cat
Yeah, can you hear me well
Yeah, sorry, you sound great. Yep
Yeah, yeah, okay. So i'm using another headphones. Um,
So the story
With the bubbles, um
So we already were working with the cats, uh, but then uh
Message us, uh, remember like a like a look at this. Uh
Gordon is trying to take a shower
He discovered a taproot wizard and he's like, I want to take a shower and that was pretty funny and
And then we were like, okay, let's let's do a honorary for gordon
And then I was a start I started to plan
about how
You know what to do with the showers and then I did like a few bubbles in the in the
in the head of the
Of the wizard and there was hilarious
And then I covered an entire wizard with bubbles, right? So I thought it was a
I thought it was like a very interesting, uh
Way of doing things so i'm like, uh, imagine like, you know, there's not like a body of anything. It's just bubbles. So
so this uh
I kind of like save it, you know, I mean we did we did the wizard
But then I was like, okay, we need to figure out a way to to get this back. Uh in another
in another
While doing the cuts we had like a very rare ones that are bubbles cut the bubble cuts and
This is where it comes from right and for this one
Because this cut was done after the other ones were made. Um
I wanted to emphasize on the bubble. So the whole cut is a draw with the
The bubble which is a very simple. It's like a couple of circles and just a little bit of a
A brush stroke just like a super super simple way of doing it
So we had the cat sitting over there for like a few days with the bubble cap
And something was missing right and then
This is when I came up with the things. I well, we finished the the other cats already
So I was like, let me try to put the cats inside the bubble
This is that this is the process right? Uh, there is uh
You know, of course, okay
There is like a different layer the background is the space
Uh, because there is a there's a very famous meme of a cat with a space that is pretty funny. So
Yeah, so this is this is the story a little bit is uh, it's a it's a different cat than than the other ones
Uh, this one is static. It's not gonna change in the future. Uh
It's a one-to-one
Um, yeah, this is what is coming coming to mind right now. Uh
Far are you sitting down? Do you have water?
Yeah, yeah, yeah, I was uh, I was uh
Yeah, I was I was like, you know all day so just came for the end of the auction to my desk, yeah
So not you know
Not a big deal. Eric. Are you are you are you are you with us?
Do you have your headphones working? Francisco did uh
Was this cat inspired by my cat or did you realize afterwards that it's kind of like my cat?
I realized after but
You know, it's it's very similar. It's kind of wild but your cat has been around
literally since day day zero, so
you know all the calls all the hours that we
We spent on on zoom and then the cat show up and then the cat got huge
Uh, you know, so it's like the other day. I saw the picture you posted the cat. I was like, this is it. It's t-wiz
It's a portrait you change it you change the name though the cat right
It's not t-wiz anymore
Yeah, eric's cat changed names multiple times in the beginning his his name was t-wiz after tapper wizards
And this is it's got it t-wiz for us. Yeah, i'm sorry
He changes like the cat changes when he gets older he goes through stages. He's different
He's different
Like he's like the quantum cats. They evolve over time
They as time goes by they start looking differently. Maybe people will name their quantum cats
With different names over time for each evolution. That's quite actually so it's more like
You know biological creatures evolve over time like just that's just like all alive things
Do that and now he's bigger but the the interesting thing now is that and I didn't realize this but his name right now is
And it's like it's almost exactly like bobble
Does does he consult you when he when he changes his name?
No, that's just like I just look at the cat and then
I just feel what his name is and uh, so a couple of months ago
Now that he got bigger. I just saw that his name was bobble and I just pointed at him and I called out
And I yelled bobble and he he actually responds with a meow when when you say his name
So he responded to this. So now his name is bobble
I don't know. Maybe I can actually like maybe if I put the microphone next to my cat and and
Do it. Maybe you can actually hear him respond
And do you want me to try that let's check it out I heard some purring
There it is, yeah now he usually responds with a much louder meal, let me try
Yeah, I think I think maybe there maybe there you heard it
Did you hear that he's shy maybe shy knows that there's 200 people listening
So yeah, I have to like look him in the eye and say the name and then uh
I usually get the proper response
He he can see that there was something fishy going on here where i'm coming up to him with like the phone
He acts differently like when i'm filming him
He he knows that you know, he's not stupid
He knows that something is going on and that he's like supposed to perform or something
Yeah, yeah, well tell me did well today
I've been covering him. Um, but he he's not interested in
things anymore like he's uh not castrated so he's
He's just trying to uh hump my girlfriend all the time like he's
He's doing it right now. Actually and you you're okay with that?
Uh, I I don't know. Honestly, I don't know how to feel about it, but uh
She says that it's innocent that he's like he doesn't know what he's doing
So i'm just gonna
Okay, we're not gonna delve into that actually
But uh, but that's a great story
Um, I I um
I think uh, one of the cool things about the the genesis cat
We've kind of seen many versions
Of the pre-genesis cat before before he finalized and came to be in his final form
But I think one of the nicest things that I love about him is that he has all of those small quantum cats inside the bubbles
That's just really cool
So there's in the quantum cats collection. There's a bunch not a lot
There's I think what is it ten?
bubble cats
Only the genesis cat has cats inside of the bubble
They're pretty cool
And you know what?
Those cats inside the the bubble the bubbles are unique. They're not part of the collection
They're they're the ones they're the ones that ended up not
Not being in the collection
Yeah, they are not in the collection
Yes, the reveal that's that's the plot twist they they they are inside the the
The genesis cat they stay there
Man I wish I knew uh
Who this was I just gotta I mean look i'm just super grateful for this. This is
Really so cool
That someone enjoyed this uh work this much so
massive thanks to
The winning bid and also all the other bidders
It's uh, it's an emotional moment
I'm look it's been honestly it's been emotional for the last few days too because it's it's been
The price has been kind of the top bids have been kind of insane for a while
You know the estimate on this work was between
15 000 to 20 000. So this is
more than 10x
on top of the top estimate
For this work. Uh, so we're kind of like um
Yeah, we're definitely kind of emotional about this
I don't know if we I was thinking maybe we should invite some laser eye maxis to talk about uh
About whether or not art is a scam and if if uh, if in a in a post hyper bitcoinization world, uh, it's it's allowed or not allowed to
to have art
Does it have to be like physical in order for people to enjoy it? Like what's what are the rules?
I know they have very very clearly established rules about this. I just
I still thinking about it. How what is the relationship but they put this uh
Painting I think was from canaletto
And I was like, you know this classical painting like it
without the context saying like a
Why some somebody will be will buy cartoon cats?
And then put this painting that is uh in in amuseum in madrid. I was like, what is it like?
So you you like the other painting more or but no context just maybe
Maybe referring that you know, it's all a lie or something. I don't know
Not very like a well put thoughts
No, not not very it's funny you'd think
I don't understand that and someone art lab was uh
Saying well, look maybe somebody want to collect art, you know
And then they would just keep going like it. No
They shoot them. It's like why not, you know, like
You shouldn't you shouldn't collect armin
There's something deep deeply ironic with uh, the idea that bitcoiners of all people are the ones that are selling
No, it has to be physical. It has to have something in the real
Uh, you know something that I can touch in the real world
It cannot be what do you mean art can be just like virtual and what do you mean? You can just transfer the right of uh
Something with a private key and now that person owns it. They don't they don't really own it
No, you can't own something cryptographically
Bitcoiners of all all the people in the world the people that should have like a mental model for for
How you can own like a virtual asset
And how a virtual asset can actually be better or be similar to a physical one
I mean, they should be the ones that should understand that right?
I think well look we're talking about
We're talking about different cohorts of bitcoiners. I would say like the true og
actual libertarian style bitcoiners totally agree that
Everything is subjective with value and that you should if two willing participants want to buy and sell digital art that that's a great thing
It was really after
the launch of
Bitcoin standard was safe adine where all this moralization of different types of
You know different types of purchases including modern art
became this whole
uh, you know, he's equating modern art as the
Tip of the iceberg sort of prime example of degenerate fiat world. That's why bitcoiners don't like it
That's why this modern way doesn't like it
but of course any sort of
You know bitcoiner with a two two brain cells would realize, you know, if you want to both hold a libertarian, you know free market ideology and
Let someone buy and sell something that you don't subjectively like you have to you have to allow both like it's an in reconcilable
You know moral issue for them. I just don't understand how they could be both be for free markets
but then don't like art art and the only reason to explain this is because of the bitcoin standard because
For them modern art represents the most evil part of fiat
Well something about the the what eric was saying about
Art on bitcoin being non-material I think that's
I think that's very wrong because especially on bitcoin
I mean we all know
Proof of work it requires like a material operation to actually keep this alive. So it's it's pretty material
It's not but it's not material. Perhaps it's less material to have
The image store on your computer
But if it is in the blockchain and in bitcoin backed by proof of work
This material like it is nothing more material than that
you know, so
Wrong assumptions. I think what really if you ask me and I guess there's multiple interpretations with that
but I think what really um
Kind of backs this and keeps it alive
And I mean backs in the sense that like it remains
Like we are certain that that inscriptions on bitcoin are going to be around for centuries to come and the reason for that
Because we believe bitcoin itself is going to be around for centuries to come
In order for the bitcoin network to continue to work
Uh, you know nodes have to continue to serve this data
And and because we know that this data is going to be limited and that's one of the beautiful things about bitcoin
We know that there's not going to be more than four megabytes added to the blockchain every 10 minutes
Which I think adds up to around 200 gigabytes maximum every year roughly
Since we know that it cannot be more than that
Then we also know that many many years into the future people are going to be able to continue to maintain that and and we'll
Have the incentive to maintain that because because bitcoin are going to still be there
so I think that's what makes this different than
Basically anything else and even you know, there are other chains that have on chain of heart, but I would say it is not as
Certain that that those other chains will stay in the same way not change
While with bitcoin, we know that it's not going to change. It's going to maintain those properties
Or really I think centuries to come but eric. What did you want to say about that?
Yeah, no, I was uh thinking about like what dan was saying that
Nfts are like fiat
Uh, we're like the bitcoiners don't like fiat art like things that are like cheap to produce
and it uh
This cat in particular like all ordinals are created from a scarce resource like an
An infinite resource. I just did the math on my computer
I think that if you think that everyone should be able to use the bitcoin blockchain once in a year
Then this cat takes up
13 000 slots of humans, um for this cat in this year of bitcoin
uh, so this
if you absolutely hate
like fiat art
This cat is a lot more expensive to produce than something that's drawn on a piece of paper
And it's a lot more expensive than anything that um
Can exist on any other blockchain. So if you absolutely like hate
art because it's like cheap to produce then
One of the more expensive forms of art. So maybe bitcoiners should
lean into that a little bit like that. It is actually a
Way to get around to the whole infinite supply, uh aspect of of art
I never felt like art has an infinite supply. I don't know like are people concerned that physical art has infinite supply like of course
I don't know of course my niece can
Draw something on a piece of paper and throw it later, but I wouldn't say that that you know means that
There's an infinite supply of art
But uh, let's be so let's be real though
Both you and I like from the start of nfts were
A bit skeptical initially. Oh, I was I faded nfts literally for eight full years and I actively faded them
I didn't just not buy them. I I was like I hate them stupid their scam
I was the worst for a long time. But yes, please continue
Yeah, what what's the name of that other like one of the early earlier nfts that didn't end up being very popular
It was called like hash
Hash something it wasn't like the crypto punks or anything it was uh
This ethereum nfts collection something called hash not hash monkeys, but hash
something and uh
I also remember like being
Being mad at the fact that you know
You just create this collection and then some of some of them are rare and you just say that
Okay. Well, i'm just gonna create five of these and they are now rare
I think this was like on a marketplace called super rare and they were just everyone was just talking about how fucking rare something is
It's like you you decided that that was that rare and it just
You just created like five seconds ago and now it is has the rarity curve that you
Defined yourself. So I have like fading threads also
From way back and I also thought that you know, we don't know anything about the nft market. We don't know that
That's you know, people aren't you know, what I thought was probably very common in the in the nft space what was that
You know, you would wash trade something initially just to create the appearance of value and then you could basically
uh disappear yourself like the wash traders could disappear and then people the things would still trade at some valuation because
People have you know people think what do other people think is valuable and then there's some stickiness to that price
uh, but here
The reason that I thought I think this sale of this genesis cat is so interesting is because there is no other
There's no previous price at all
There are no wizards. There are no cats like the type of wizard company has not
Released anything that's I mean, I I suppose far as an artist has some trading pieces
But uh nothing that goes for this
I believe so anyway, it's just like very interesting to me because you can clearly see that
There's there's no one that's just doing like an arbitrage trade where they're like, okay
I can buy this on sotheby's because I know that there's a secondary market
like this buyer actually had to stick his neck out and make uh
You know a speculative stance himself like
appraising the value of this piece and say, you know, I think this is worth
254 000 and that's not just like
Oh, you know based on you know, what this artist usually sells his pieces for or based on what this collection
uh, what other other pieces in the collection goes for like this is one person that's like making setting a market price here and
You know, it's it's very informative for me like two years ago thinking, you know, maybe you know
The initial pieces are always wash traded. Maybe there's always something fishy going on before these
Assets get stickiness in price, but here it's like a fresh new asset
We can see itself for this amount and I mean at least we know that we didn't buy this from ourselves
So for me that's still like even though that i've seen this happen before
Uh, it's still like, you know, it's gonna be
Way harder for someone to tell me all the nft market is complete bullshit and there are no real buyers
Uh, you know, we just had 69
Bids for this on a top auction house like one of the top auction houses in the world
All the buyers are kyc that doesn't say that doesn't mean like for sure, you know
Washtrading cannot happen in that kind of marketplace
But when you yourself is the seller and you see this type of activity
Then at least you know for yourself personally that this is organic
This is real and that's I guess that's one of the takeaways for me that I can no longer like
Uh dispute the fact that the nft market is real and this is actually happening
That's actually a good point. Um, that's really interesting. That's a very interesting point of view because we
I guess we never auctioned anything before
So we couldn't know for ourselves
Those things are real but now that we are we we know that's an interesting point of view
I I like the analysis eric nice hat. I mean we could still
Unbeknownst to us, you know far could still be like bidding on his own art like that. I don't think I don't think he's doing that
No, I don't think that he's doing that either. Uh, I mean i've watched his reaction eric is trying to like
Do the adversarial thinking bit like okay. Let's see
What could have happened here that I know don't know about maybe uh, I mean it could be the mussad
We can talk about that for me
Do we have a budget for
Well, they're trying to they're trying to attack bitcoin. So if obviously that that helps
I mean, honestly, I don't think it's that surprising that it's sold for that much. I think
You know taproot wizards and uh, you know the wizards and quantum cats. I would say are one of the highest
Pedigree even quality sort of teams out there. So it's not a surprise. I think that uh,
You know a lot of people
Are really sleeping on ordinals and and art on top of bitcoin and and this doesn't surprise me. I think that this was
I think it's representative of quality coming to the ordinal space
Yeah, I agree. But like from when
Like when me and ryan doll, uh
Inscribed like the trump card the inscription number 134
Like the ordinal ordinals almost didn't exist a word like it didn't like there was nothing
So all of this has like happened in one year
And I think it's just like for other people that are like discovering that this now looks okay
There's like nfts on bitcoin and they're inscribed into the data themselves. Like all of it makes sense, right?
when we start in the beginning this was
Like this phenomenon didn't exist and we had to like give
phenomenon like
Meaning and we had to sort of self-start ourselves into thinking you know, actually this makes sense and this is real
And now you know, I just think that when you
When you've been doing it doing it since before it even existed as a phenomenon
Then it's always going to shock you a bit more that oh wait, actually
This is the real thing now. I mean, it's just been one year. This is now a real thing
Like how does that happen?
There's like thousands of people and wealthy people involved in this market and like ascribing value to these things
Uh that it's still it's just a little weird
To me anyway, it's emotional
And if and look if we're if we're reminiscing about the last year, then we just had uh, the best
Possible person come up on stage to talk about that which is dennis porteau
Uh in the in a previous space today, uh on the ordinal show
I just talked about how when we started uh tapu wizards, it was it was old dennis's fault
Because he reached out to us and told us to look at it, but even
before that
Puts put put us all in touch. Uh me eric and far
We wouldn't have known about it
Well, I knew eric before but but we didn't know far before we wouldn't have met if not for dennis
So uh dennis maybe dennis is like, I don't know he's like the the kind of the godfather of ordinals
He I think a lot of people he secretly like dm them and told them to like hey, you should check this out
Dennis maybe you can tell tell us a bit about like your
Point of view and on how this thing started and grew so much
That's true. It should be even more weird for dennis
That's like even more
Like he really started when it was really really nothing like at least dennis wrote like the first blog post
Uh on ordinals that anyone read
Go ahead dennis
Yeah, sure thing starfish noisium on the street in new york, but uh, um, yeah, it's really been incredible and
It's hard to believe that it's been a year already
And god, I would never would have guessed that in just a year's time
We would have like more than 50 million inscriptions back in those early days when we were starting out and there were not even a hundred yet
And I also would be remiss to say that like I didn't just happen upon ordinals myself in those early days
It was it was rendell. Basically, I know sir who
Brought it to like who I saw first posts about it
and then I just kind of went down the rabbit hole at that point and kind of in a classic fashion of like a
Like beginner's mistake rather than spending that time just like inscribing as much as possible
Realize the potential like I took like the autistic approach and instead like wrote a blog post on it
Instead, but uh, at least I with rindell's help. I was able to nab like one inscription under 100. So
But it's been a wild ride. I'm so glad to have
You know worked with taproot wizards and been a part of taproot wizards and can connect kind of the the group a lot of
the group to each other
um, I don't want to give too much of the backstory away because I don't know how docs everyone wants to be or not be but um
far and I know each other from
From back in the day before kind of inscriptions or yeah, we're even at things. So um, just from school and stuff. So
and then I hadn't met udi and eric in person until uh
basically until after taproot wizards and then they came to new york city along with far and
Who else was there?
Nick from luxur and so we we all met for nftnyc and that was like almost a year ago at this point
So and christian. Yeah christian, that's right
I don't know. Anyway, i'm i'm just super enthusiastic about ordinals. I've been a long time like nft believer
Um, I didn't know why that we couldn't have these nice things on bitcoin that you know
They have them on ethereum and I like jpeg's and they're a lot of fun
Like why can't we get these on bitcoin? And so i've been kind of
Even before inscriptions i've been so eager to find ways to get this to work on bitcoin
I played around with the counterparty and I was like very unsatisfied with it
Played around with omni and liquid and like all these things just like sucked
And I like why can't we have nice things on bitcoin?
And then like I said, I saw rendell post about it on noster and and dove in at that point. So
Yeah, i'm, so happy with all the progress you made and casey especially like by by pioneering all this and by taking such like a
Thoughtful and rigorous approach to it. Um has has really created this this whole market and ecosystem that we all need to enjoy now
So I know casey's not here but like shout out to him for sure
I can't I can't believe rendall. It's like the
The godfather of like I I thought that you want you were the first one, but it
It appears that you know, there's uh, what do you call these russian dolls like
There's a smaller doll inside the doll and in the end, it's always rendall inside every doll
That's how it feels like
I really think that we should map out like our inscriptions lineage like who who we heard it from first and etc
Because yeah for me it goes back to rindall and i'm pretty sure rindall just heard it from casey. So
Um, i'm one degree separation from casey and then I think I brought a lot of people on board
If anything like i'm too online so I I can I can like raise awareness of things
But I guess that's how I contributed to the to the ecosystem
Well, he is he is uh
He is the the creator of the ordinal inscription number one the dickbutt and if you just think about like
From the moment that he inscribed that dickbutt everything that he's done
Has been like this master plan to now give value to this dickbutt
So every step that he's taken is like how can I make this dickbutt infinitely valuable?
They reached out to dennis and he says write a blog post and then you know
He just he's been working in the shadows and he's been
Can I mention that one major fumble that rindall made that I think he's aware of i'm not sure
Is is he accidentally when he was inscribing my number 89?
He accidentally inscribed it as like the lowest the earliest satoshi in all of like the first thousand
And he could have done that for his own
But he didn't even realize he was doing it and he did it for the one that he and he gave to me
so I I certainly appreciate it, but he uh
He he let me uh have an earlier inscription than him which was earlier satoshi, I suppose
So thanks a lot rindall for for fumbling that in my favorite
Yeah, I feel like we're all living in rindall's dream like this something that he's dreamt up and we're all like sharing his hallucination
Well, it's a lot of fun
I enjoy being in uh in rindall's dream. Um, i'm learning a lot
man, no, it's it was quite a journey it was uh
Um, it's funny because we talked about pretty much the same thing on the oral show just this journey from
You know a year ago because we literally started tougher wizards exactly a year ago
And um, it it was uh, it was wild. I mean, you know the four mega
With uh with a bold wizard like why why did we do that? We could have put anything
we could put anything in that form a god block and we put like a
a bold wizard
and then um
You know dancing on stage
In bitcoin, miami, um
Look the awesome parties we had in in new york
Breaking bitcoin getting death threats. Um, I mean
It's been a wild year. It's been a wild year. Um, this is a nice closing to year one. I would say
I remember I remember being in the car with you on the way to the
miami conference with like the wizard suits in our in our bags
and I was telling you like
You know, we have to floss like you know, we you know, we have to like dance with this on stage
Do the floss dance on stage and I said, no i'm not doing that
And it turned out I did it
I I guess I shaked my hands from this side to side, but I definitely didn't do a floss dance
But I I think I think I like remember convincing you that you know, we're gonna look
extremely stupid walking up on stage with this anyway
So the only way to like own that moment is like let's do a little dance also and you're like, uh
And in the end in like the end of the taxi ride i'd convince you to do the dance. Yeah
It was like it was a historic dance and it almost didn't happen
So it's that's I wonder how long it took you to learn
I clearly there's there's video proof that I didn't learn it
I was shocked. I was like
What is going on here? When did he I didn't know he was doing this before?
Yeah, I didn't know either until I got into that car
I didn't know was going to do this. That was a surprise. I know Eric does it. Eric is a good dancer
I've seen I see. Oh, eric is actually a good dancer. Yeah. Yeah, he likes it. He's good
Yeah, thank you, um
There's been some other like pivotal moments in the journey of taproot wizards where it's also been like, uh
You know someone has to convince someone else to do something that's a little bit trolly and then
Like you get to reap their worst of that like years after and I think one of the one of those things was
Like the name taproot wizards itself
I mean it's intentionally this it's an intentionally designed name to troll bitcoin maxis that wanted to see something more happen out of taproot
Like they were I don't know people don't know this about some people don't know this about that haven't really paid attention to bitcoin culture
Is that bitcoin maximas weren't talking about anything else for like years?
uh leading up to the activation of taproot about how amazing taproot was going to be and
Like the functionality that it was going to bring and how bitcoin was going to out-compete ethereum as a smart contract platform
And then you know, it's just it just
Felt completely flat on its face like one year after taproot activation
It had like one percent of people using it and people were only using it to like make normal transactions that didn't give any of the
uh, like people weren't using it to do multi-signature and and
using taproot didn't provide any privacy benefits because
You were sticking out by just using taproot and the transactions weren't even smaller. I think it were like two or three bytes
Bigger than regular transactions. Anyway, so like on every aspect taproot just
Was this complete letdown for a very long time?
And then the first interesting use case of it was the kc basically
Uh putting arbitrary data in tap script and finding a little a bit more efficient way of
Putting arbitrary data into bitcoin
And that's like the first use case and therefore the name of the collection is taproot wizards because someone finally found like some wizard
uh spell to
Uh, like make some magic with taproot
uh, but I remember that when we were deciding on that name, uh, some people on the team were like
Oh, you know taproot doesn't have enough recognition like enough
People don't know enough about like what taproot is and the name isn't gonna make sense
but we know now that
like luke, uh junior who's
uh the the founder of
ocean mining
He thinks like he for real thinks this he thinks that we picked the name taproot wizards
So that people who would hate this project and would hate ordinals
would think that it's the
fault of taproot
And therefore they would be less inclined to support other soft fork upgrades to bitcoin
And it is our goal as a company to
Stagnate or ossify the bitcoin pro protocol maturity so that it fails and so that bitcoin collapses
Because ultimately we hate bitcoin. So he thinks that by just choosing the name taproot wizards
Uh bitcoin isn't going to be able it's less likely that it can ever upgrade again
And that was our plan all along he basically called it
Like that's one of the prongs of how we're attacking bitcoin all at once like the name taproot wizards
uh, so I mean I think that's especially funny because we
I mean the other
Side of the camp are saying that we want to change bitcoin that we're spamming the bitcoin blockchain so that bitcoin will
upgrade to like
Interest so that it will upgrade to support other second layers that we have a financial incentive to support or that we
uh want to see
Just a new soft fork to fork out the span like we're trying to attack bitcoin so that it will change
Uh, so this name taproot, I think it just costs so much
Cognitive dissonance and like anger towards the project that it that eventually
Has led to the success of the project like basically people have been so annoyed at taproot wizards
I think that is the reason the taproot wizard is successful successful
And I think naming it taproot wizards in particular is like crucial and instrumental to creating that annoyance
I don't understand why everything that we do annoys them so much. I just just just do something else instead of
Instead of looking at what the taproot wizards are doing just do something else go watch tv. There's like, um
There's a new popular show on showtime. I heard people like
I don't let go go, you know
Go like see a soccer match
I know americans don't get soccer really but it's like it's actually a pretty cool game
But they are they are trying to do something else. So like they go to twitter
They're upset about the taproot wizards and then they're like fuck this shit
I'm gonna go to stacker news and i'm gonna tip someone for an article on stacker news with lightning and then they're like wait
I don't have enough liquidity in my channel in my lightning channel
And then they're trying to open a new channel and then they're like fuck. I can't afford to open a new channel
Damn those fucking taproot wizards and it just it's just an endless cycle. It's just it's just an end in the cycle of rage
For them because they can't distract themselves with doing the things that they use to have as a hobby
Because taproot wizards is taking up all the space in the chain and making everything more expensive
Yeah, I I don't know man
I don't know do something unrelated to basically then I don't know but um
I I have a lot of people to welcome to the stage now
We've got troy who's like
early very early ordinals dude
Very knowledgeable. I've been watching him on the ordinals or dead show multiple times
Um, he also made what I think is probably the funniest. Uh, taproot wizard shower video. Probably I I audibly
laughed out loud
And we have nb who always loves embarrassing me on tourist spaces when he's actually a really cool dude
There's uh
Ragsy is look
Not only not only is she a taproot wizard holder, which is a very rare quality tab
She's also um made some of the coolest bitcoin art like physical bitcoin art that i've ever seen
Um, really awesome
We've got daza here who also I mean i'm saying it's rare to hold this type of wizard
But there's a lot of people on stage here that hold this type of wizard and he's one of them
He's been I mean, I think one of the most helpful people I know in the entire world's community. It's like absolutely insane
Um, absolutely insane since like forever. I don't want to dox. He was an early ordinals og does it is what it is
Elizabeth is also a taproot wizard holder like what's going on everyone has
Everyone everyone has a taproot wizard on the stage. I realize like we start
We need to slow down the release of the wizard's beauty I think that's like I think so too like it's
They're flooding the market. It's like what like 20 25 is like
We got to make sure there are an english just joined too he also has a taproot wizard like what is going on
Yeah, I just wanted to push back on the narrative that nobody has taproot wizards. So i'm decided to join you guys up here
No, this is why this is why I don't think there we we ever saw this concentration of taproot wizard holders ever
So thank you guys for for celebrating with us
Um, troy, why don't we go to you and then to daza?
Hey, thanks, man. Uh, man, you're great at uh introing people
You went down a list of like 20 people and you said one or two good things about them that they're they're like their highest
Whatever the highest value that they that you remember from them and it's so easy to do
Uh, and then other people will know them and they'll be able to meet them one day. So I want to thank you for that. Um
Great day for you guys, you know and everybody involved except for the people that keep complaining. Um
The main thing is to just focused on what we're building and and so they want to come to the party
That's how you do it. And I know
Uh, udi you're one of the most relaxed
Um, you're like sitting in the pocket and just batting away any argument. You're just really cool about that. Um
Yeah, we do the that show I and I want to go back to that show that we do I do with bit god and um
Young butoshi who I think is like the young frank d gods of ordinals because he's like 16 years old and just crushing it
Um, but I wanted to talk about quantum computing. We we had to have done some research
But a very high valued person that I will not name because it doesn't matter
They would rather remain a nominated side text to me last night
And just said I need to do some more research
because they said
Um, man, I hope they're not listening
Uh, because they said not to quote them, but it's important for everybody
Uh, so we can get to it. Let me just get to it. Please forgive me. Um, I have no jokes
And thank you for shouting out my video and i'll give you some alpha about how to do videos when you see somebody doing
Uh, the collective is doing like a hundred videos and they're in the same genre. You have to think
As a video content creator or as an actor
How can you throw the biggest curve ball so it could stand out and that's how I you know stood out
So, um that there's alpha. So this is what this person said back to quantum computing
uh, this has to do with the um opcat and covenants and what that could do to prevent
Um, you know the lamport signatures and all that other stuff that kind of can prevent quantum computing
Um attacks, uh says you guys basically got to do like 10 more minutes of research quantum computing and hashtag about uh
Quantum computing and hashing algos bitcoin has natural defense with difficulty adjustment weaker types of encryption models would be cracked
Earlier before sha 56 like bluetooth h
https ip etc
Um always could implement a fork if you had to quantum computing specialize in data set processing
Um slash parallel calculations
Quantum computing is just some boomer fud and you know
I'm not a boomer
But I am older than most of you and i'm just curious what you think and if you've heard this at all or am I
If I was rubbed I'd appreciate any comments. Thank you so much
Look, if you're asking about quantum computing or quantum anything then you're asking tyler
And i'm just simply going to throw tyler this curveball right now
And tyler, thank you. I mean I basically listened to your video and I was so I had such a digital boner
Excuse my vulgarity
Uh because I you put that so um in layman's terms and it was just so attractive
And so I used some of that research in my own research to kind of iterate on the ordinals or dead show
A lot of these are stolen thoughts and I don't care
They're gems and they should be disseminated. Anyway, tyler back. I love it. I love it
I love that. I I helped you remain turgid, uh as you were doing some research
But yeah quantum computing and bitcoin. I was uh, I was a physicist before I was a bitcoiner. So I love this topic
Yeah, you've been throwing a lot of fud
But let me let me see if I can break it down for all all our questers out there who
Have a little over 24 hours to get something in so if you want to be educational about quantum computing here it is
um quantum computing in general is able to break the
ecdsa which is the elliptic curve
Uh signature stuff that we use to basically sign bitcoin transactions
So anything you sign whether it is a schnoor signature or just an old school
ecdsa signature if someone happens to get a highly functional quantum computer
Up and running tomorrow with enough memory
They can essentially go in and figure out, you know
Your private keys from your public key and they can spend all your bitcoin. However, they want
There's a there's a kicker to that though
Uh, so you can break the you can break the signature algorithm
But you you can only you you can't break hash functions
So hash functions and you know elliptic curve cryptography are two different things bitcoin uses both of them
and hash functions are just like taking uh
I think people like to say it as like taking a bunch of stuff throwing in a blender and hitting hitting the blend button
And what you get coming out the other side is kind of what a hash function gets you
And so quantum computers
Don't actually let you figure out what you know
What went into the blender of a hash function whereas they do for the you know, the elliptic curve cryptography
so anything that is protected by a hash function is actually
Protected in you know, should a quantum computer come along?
The last fun fact there is that
If you actually use an address an old address type not a taproot address
But an old address type that uh is called
Pay to script hash
You actually can protect your coins from a quantum computer. So long as you haven't done anything out of that address
So there's there's a bunch of really interesting research into how quantum computing might affect bitcoin. Uh, I think uh
shout out to
Aaron and casey they have a fun episode on hell money on this
So if you're if you're interested in diving more into that that's a good place to start
Yeah, troy to answer your question
Quantum computing is really cool
As far as we know a quantum computer is still a nice, you know, 10 to 20 years away
but at some point bitcoin will probably have to contend with this
You know, we'll see what happens but opcat does give us at least a first pass way to deal with it by using something called
Lamport signatures where you're basically signing only using hashes and not using any elliptic curve cryptography
Well tyler first of all, thank you and I hope that uh, you know help the collective here listening and also I study physics at nyu
and uh and and chemistry, uh while I was acting, um
And uh, christy turlington famous model. Um, it was in my class. She quit though, because I don't think she could handle it
But uh, listen, that was a side note. Thank you so much. What a day. Uh, jesus christ. Um
Almighty and muhammad and all the other religious, uh lords and saviors. Um, thank you so much. That's about that's about it
Can I while we're on the while we're talking about technicals, sorry farted you want to say something it's your
No, I wasn't gonna ask if uh
Why don't we see you again before you leave?
Oh, what before I leave for what?
No before you leave the space. I don't know are you leaving?
No, i'm staying here. Um, i'm just I'm just minting some art and um, and i'm just uh, you know trading
But i'm listening i'm i'm not leaving i'm gonna listen to you guys because yeah, i'm not one of those. Uh,
You know irish goodbyes on that note an iran irish goodbye is not when you leave without saying goodbye
It's actually the opposite. It's when you say goodbye too much
It's it's so just letting you know a real irish goodbyes when you over saying goodbye
So just look it up. That's really good to know. Troy. Thank you
Don't get don't get loopy later
If I left if I left without saying goodbye, that would be a turkish goodbye
So that that's that that's the thing. So that's a turkish thing. All right
I want to talk about two things and I can't decide which one I want to talk about first
So think about it. We're going to go to dasa first and you figure out what you want to talk about after him and then be
Thanks, it would be um congrats far and uh, this this question is for far. Um
Oh and anyone who wants to comment really I just wanted to check in far now that this sales happened
I think uh, even eric was you were saying that you know nft as a as a theme you're more convinced of now
There's still kind of elements of the artists
Or the artistic community artists who?
I think you're pushing back who who don't feel that bitcoin is a you know, a valid medium for us
Um, and i'll post i'll post it now, but i've just been on on twitter kind of talking to sam scrap
And and he's he's got a given a thoughtful reply that you know, he doesn't think that bitcoin
Like there's an artistic justification to be on bitcoin
And i'm keen for your thoughts far and anyone else about what what you'd say to that?
Yeah, I mean, you know you don't need to first of all like
If you're you're an artist, uh, you do what you want to do like every person in the world can do whatever they want. Um, I think
Yeah, sometimes you
Maybe you can justify if you know, if you like the community and bitcoin if you like the technology
Uh, you like to be do things on chain and you like the community
You know, this is at the end of the day like and look we are we are talking about quantum physics around a picture of a cat
you know, uh
the you know around the an armpits, so
There's many aspects for you to choose where you do your work. I personally
personally care I like about
Working on bitcoin and and i'm doing it, you know, i'm doing these things but also i'm doing
Code-based work and and I have been trying to keep it up with the latest
Things that are coming up in the protocol, you know, I I really like to be involved in things that are evolving
in a very
Vivid, uh conversation. This is not for every everybody. I understand that like an artist doesn't need to be
listening to
What the developers are discussing about?
Sat endpoints or things like that. But in my case, uh, I really appreciate it. And
So it's for me, but I understand that other people will want a more seamless
Blockchain that offer just like a you know, upload something click and then I want to sell it in a marketplace
But I think you know, bitcoin will offer that
I don't think
asking artists to do things on bitcoin because just because ordinals are
Popular is is actually you know, you don't need to ask or neither artist should do ordinals because now we are talking about ordinals
You know, I think that it should be a reason behind it
Long story short, I think he might be right, you know
Um, but look you can do things either solana and there's tesos there is you know
There's many options. Um, no one no one should be forced to do like to use a certain blockchain
Yeah, I mean if I can just add on to that like I I got to work really closely with far
You know through the whole production process for quantum cats and you know
In addition to all the art that everybody sees a lot of the art that you didn't that you don't see is like the amount of
work that far did
compression and coding formats like figuring out how these pieces go together and I i'm a really big
believer in this idea that like the constraints of a medium and and how you use creativity to
express the thing that you want to express like within those constraints is sometimes like the most fascinating part of a piece of art and
so, you know, like I I
Love how the cats came out
but it was also amazing to see the process of
Creating, you know cats that look this good
And that do what they do
You know within the constraints of like the ordinal system and within the constraints of like bitcoin itself
and I think that you know, if if you're the kind of artist that
likes to to find a way of like
expressing your vision like around a set of constraints then I think bitcoin is a super interesting medium to do that on
Yeah, so it's likewise like I when I was working, uh, we we have
Randall came like this is a internal right to the top of wisdom, so we had our first meeting and
And this is very funny actually
But then he came with this idea of uh, yeah, we're gonna do you know, I was listening
He came with this idea like well, it's gonna be a revealing process and I go what why how?
Like you know
And then when you explained to me, I was like wow, this is like a crazy
So I got very excited about it because I have been
so even if I get super close to the what is going on in the protocol and
There is always people like you the engineers
The developers that are accessible. I mean
Yeah, obviously we work together
But if someone reached out to you on a dm right now
On twitter probably didn't get an answer, right? So I felt like that was like a pretty very interesting
I thought it was pretty cool. Super cool. Like I got very sad that you remember like finish the call and then I
I told you guys like let's let's get in our call back together and discuss this because I
I thought I was like I got very excited about
This way, you know, it's very innovative. Um being able as an artist be in touch with the
With actually the people that are crafting the medium is super fascinating
So it's me to mutual appreciation
Rindles like so humble. I want to punch him in the face because uh
This collection is also like the handcraft of uh, right?
rigid and dial
Rhyndall rindo
Rigid and the dale rindall
Rindale, you got it. You got it. That's exactly it. One of those well done
Yeah, uh, so I wanted to say two two things, uh, elizabeth didn't get a chance to say anything I wanted to
Elizabeth said this completely insane thing that I heard her say on another space that we had where she said that
She couldn't decide like which one cat she liked the most
So she looked at every single one and then ultimately she had her family decide
Between a couple of ones like what what what kind of a insane
Individual like I yeah, I have looked at all these cats, but I had to look at all these cats
I don't understand like what kind of insanity like what kind of person
Who who does this a lunatic does?
Guys, I don't know i'm like i'm i'm working remote. I blame it
You know, you're you're home alone you get in your head you get excited about these cats
I don't have a cat. Maybe that's maybe that's what it is. It's a
It's a cat shaped hole
That i'm filling with these
quantum cats
I love them though. They're so cute
And my family loves them
So, you know something that's really funny that I don't think um
I don't think people quite realize is that um, you know, these are evolving cats
Sorry, I think somebody's mic is hot
This is a turkish guy
Sorry, I was trying to do I was trying to do that. You know, Troy has a name, you know, like you can
But it's okay
Yeah, don't shoot me. Don't don't yeah
Oh, well, I was just gonna say like elizabeth had to go through and look at every single cat and then subject her loved ones
To looking at multiple cats. So since these cats are evolving
You know, they're like they're gonna change over time
So when we did the curation process of these we didn't look at three thousand cats. We looked at
You know a a multiple i'm not going to say how what what the multiple is but a multiple
Of three thousand cats to make sure that not only do the cats all look good now
But they look good as they evolve and then you know after
The team like curated some of those later evolutions
We realized like oh we need to go back and like redo some of the earlier generations of them
So eric, you know when eric was saying that he's looked at all these cats because he had to he had to look at you
Many many many many many times more cats than uh than people have seen
Yeah, I don't know if if i'm the one that has looked at the most cats or if it's tyler. I think it's uh,
pretty even
Between us, but uh, yeah, i've been staring at cats
Like multiple multiple days on end over and over and over and over again over again. I have a question
So yeah, I was sorry one second
Oh, go ahead. Yeah, I was gonna say but a cat but also wizards is the same
For the wizards. I think you spend like a five days on sleeping here. It has been like a
Three weeks or four weeks or I don't know how long
That's because you're good at this
It seems like I have least skills in the in the group because otherwise I wouldn't be the one like doing the
The grunt work like staring at the cat the cats and the wizards and like no you you put the right time
When we were doing at the beginning, I was like, okay
I'm gonna do all this layer and then eric needs to stop whatever he's doing and then you
You're gonna choose the ones. It's pretty good. You spend a lot very very careful
You know like a europere
It's good. It's hand hand hand crafting hand hand selected, you know
Yeah, I've become I've become one with the rarity curves and uh, I was also like extremely ocd as a child
It's got it's it's a lot better now, but uh doing like repetitive
tasks that require
You to be very specific and organized is
Actually like a pleasant experience for an ocd person
Like when they get to organize stuff in exactly the correct way. That's like, uh
The closest thing to a non-sexual orgasm
Uh, anyway elizabeth, so can you can you tell me more about these? Uh
The selection process like what did your family think when you showed like the final cats to them?
And had them pick one
Yeah, so my brother he got really into the numbers interestingly and and he like they don't know much about they're like kind of
Not not so much into crypto
at all, so
I thought it was interesting how he immediately honed in on the the inscription numbers
Was starting to look at like oh like this inscription number like this is the pie cat because it starts in the pie
numbers or this is the the gaming cat because
Like people in gaming say cool or something like there's some kind of like acronym or something that he said that i'm not as much of a
gamer, but
He said this is the this is that that number cat
So then in the team captains, I was like guys, which one should we pick?
So I actually also was was talking to the team captains. I was really trying to get everybody's opinion
before deciding but I really loved I settled on this one because
Um, it kind of reminded me of my wizard like similar colors, which kind of leads to my question. Actually, I was wondering
You know when you say evolve
What what does that entail?
Um, like is it the colors? Is it the traits because I really I love mine right now
So i'm like excited that it's gonna evolve but also
Does that mean we have like various versions that we can switch out of or it's gonna evolve and there's no going back
It's an inverse onion
Wow, eric that made so much sense. I think elizabeth totally gets it now. Thank you for answering that question
It's an onion that starts with the inside like so the the inner layer and then as the onion evolves
Don't don't don't explain it. It's it's it's worse when you explain it. It's a pretty bad
Analogy anyway, and then when you explain it really becomes like terrible
Let's skip that
Uh and b you raised your hands before for like five hours and you gave up
If you still want to say it
Feel free getting a little exercise in getting the blood moving
It's one of the wish a huge congrats to far and and the whole taproot wizards team on this
Execution from start to finish of tap roots all the way to this point now
Um, it it's incredibly hard to keep the attention economy in this space and you've done it masterfully
So just absolute congrats to you all
Thank you, sir, thank you. Yeah, thank you
And i'm being nice to you for one suit. It's weird. I don't know how to handle it. Yeah, it's different
One day only don't get used to it
That's good. That's I literally don't I I always have a comeback and i'm like, what do I do about that?
I don't know what to say
I want to ask a technical technical question to
original the dale, um
So and this is this is a bit off topic, but it's it's been on my mind the whole day
And I I just want to hear like an expert explain
the fact that there's a
stack size stack item size limit
520 byte stack item size limit
When you're using op cat to
You to to basically emulate the covenant
You're basically concatenating the bytes so that you get the exact bytes to represent a transaction a specific transaction
That you want to constrain
Uh a future transaction to look like and then you want to hash that transaction to confirm that
What you're putting on the stack matches a specific hash
Uh, so that that's my idea of of a of a covenant using op cat but this
limit on the items that go on the stack does that mean that
That transaction that you're going to check the hash for needs to be smaller than 520 bytes and does that apply to?
the sort of base of the transactions that also include the uh
The witness part of the transaction
so like how like does this confine the actual like script logic that you can go into in a transaction or
How big of a deal is this 25?
520 byte limit for the expressiveness of the covenant structure that you can do with op cat
Yeah, uh, so that's an excellent question and I I would have speculated about
The answer a week ago, um, because you know as as far as I can tell nobody's actually done this before
Like I think i'm like I think we're literally the first people to ever
Use just op cat to build a covenants on bitcoin
So there's not a lot of you know writing our literature about this people have said
You know, oh
520 byte limit like that's going to really constrain the transactions that you need so it turns out
In order to make this work. You don't actually need the whole transaction data structure on the stack
um, so the thing that you construct so
Like the the at the end of it
The thing that you need to end up with is you need to end up with a specially crafted snore signature
Using some clever math you construct the snore signature in a way where you can do check sig and it will
Return valid if the transaction that you packed inside of it matches the transaction that you are
Executing in and so into that snore signature
There's a little hash that's called a challenge
There's just like part of a snore signature. What goes into the challenge is
this hash construction that was spelled out in bit 341 called sig message and
This is like
The the data that your signature commits to so it it's not actually the whole
Transaction like it doesn't include any of the witness bytes. So it doesn't have scripts or signatures
It has the version for the transaction the n-lock time and then I thought
Like a week or two ago that it would list all the inputs and all the outputs
but actually what goes into it is
Hash commitments to all of the outputs and then a series of hash commitments for the inputs
So you do hash commitments for all the input?
Outpoints hash commitments for all the input amounts hash commitments for all the input sequences and hash commitments for all the script pubkeys
So each one of those hash commitments ends up only being like 32 bytes
So by the time you sort of assemble the whole thing that needs to be hash to go into the sig message
It's actually quite a bit smaller than 520 bytes now where things might get weird is like I'm working on
using this technique to try to build out some interesting and novel like covenant applications that we can put against other covenant proposals so that the
Bitcoin community can have a more honest and like apples to apples comparison between these different proposals and
In order to do those I'm gonna have to programmatically build up
Inputs and outputs on the stack and I don't know yet if I'm gonna run into any stack limits there
I'm cautiously optimistic that I can kind of work around it
But again nobody's like literally nobody in the world has done this before so like we don't know yet
rusty Russell who's a
Blockstream developer that works on core lightning thought about this issue a few months ago and
He he wrote a really nice blog post where he basically said if this turns out to be a real problem in practice
Maybe what we could do is
Relax that five hundred and twenty stack size or stack element size limit so you can have larger stack elements
But in order to kind of compensate for that to deal with the denial of service concerns that people have about op cat
There would be like a budget of how many cat operations you're allowed to do
For like a particular size script. It was either cat or Shaw operations. I don't actually remember
I'll have to go read the blog post
But the idea was like adding an additional cost to having to use this technique in order to sort of like
Mitigate the fact that you now have these larger stack size elements
So I'm cautiously
Optimistic that we might actually be able to do some really useful covenants without within that 520 byte limit, but
You know the only way to find out is to go try it
There you have it folks that's how you saw a cat picture for
Yeah, I think I think for a lot of people that must have sounded like you just snapped into Martian and started speaking Martian for no reason
I guess though. I mean for previous covenant constructions where you used off cat in combination with check sick from stack you weren't using this
hash commitment snore
fuckery and I guess maybe there's an older version of using cat for covenants that wasn't
That actually did put the entire transaction structure on the stack I'm not sure
anyway, yeah, cuz like with yeah with check stick from stack like you
You can put other data there and and validate the signature over this other data
So you don't have to build a signature exactly for this transaction
You can just sort of like pass more stuff in at spend time
and I suppose also back then or in the
When op cat plus check sick from stack was an option. I don't think that you have necessarily this
520 byte stack element size limit either so no one's really had to work
with that particular constraint combination, I think
Okay, yeah, thanks. Thanks. I think we're gonna work. I think it's gonna be interesting to dive deeper into like op cat covenants
I think that there's a whole unexplored world there and many of the things that you just said
Like I understand half of it. So like this is like a rabbit hole
I think that is gonna help me understand Bitcoin at a deeper level just just to understand this
Op cat covenant thing as I think it's this is also like an inverse onion or like an actual onion
I'm still listening Eric. I'm still listening. You can't throw in you're like onion examples
We're not doing that. We're not doing that. I I actually you've brought up a really interesting point though
Which is that what I really love about this collection about quantum cats is that it just combines
So many different things and so many different layers
I use the word layer with a lot of freedom here, but it combines a lot of different layers and the the
The one of them is like the op cat thing, you know
There's the Genesis cat today
But there's there's the fact that the collection itself has has multiple evolutions and changes over time
to get like kind of alongside the story of of
opcat and covenants and their evolution their future evolution on Bitcoin itself and
Bitcoin evolving over time. There's just many layers to this and
Want to say something about op cat but before that I just want to let everyone know in the tour space
that quest for
Which gets you a whitelist spot to quantum cats and in just 22 hours
It's the last final 22 hours to complete quest for that's it
And don't don't ask me don't ask me afterwards for more time. There won't be more time. This is it
This is the last 22 hours
There's a tweet pinned at the top with all the details a full thread with all the details of what you need to do
It's honestly, I don't think it's hard but more importantly than that. It's fun
Like everyone who did that told us that they had the time of their lives that they learned a lot
It was really fun. They learn a lot about Bitcoin and how it works
They learn a lot about bitcoins future and they just enjoy it. So if you're looking for something fun to do
This one this could be it and it's also the way to get into the whitelist and we close it in 22 hours
So don't don't tell me afterwards. You didn't know
You can find a tweet pin to the top
maybe actually
Elizabeth maybe I'll ask you
You've been you've been going through a lot of these
Submissions for quest for and I've seen I've seen yours today in Times Square, which was amazing and
But like what what's your impression looking through all those submissions of people learning about op cat in the last week?
Yeah, Times Square was freezing there was uh, it was real dedication
You do you have to say I brought my normie friend who I I don't know how I began to explain what I was trying to
Do I was like I'm gonna bring like these flyers
For this cat I'm gonna stand and hold this like cardboard sign like the sign guy and can you just like hold this phone?
So our fingers were freezing off, but it was definitely worth it. We had a lot of fun
Yeah, it's been such a blast
Yeah, just scrolling through I think just in general
It's been so fun to see the passion and energy and excitement behind the quest
people have really been so creative and not just
You know the research they're doing but also in the mediums in which they're
Expressing their research
you know everything from not just videos but also poems and
lyrics and songs and
games somebody actually made a game and
Incorporated all alive team captains into the game so you can like walk through this
Interactive experience and learn about op cat so it's been so fun to see it and just to see how creative people get and
I think everybody's genuinely learning generally genuinely digging in it's not like I think there's helping concern around chat GPT
And we definitely saw some chat GPT stuff, but
But for the most part I think everybody got it like this needs to be actually
real research
Real education to onboard people and raise awareness, and I think that's that's exactly what's being accomplished here
So yeah, it's been really fun
The one submission that's absolutely blown me away is the one if you go to the URL op cat
I think that page actually got me to like properly understand op cat
Like being able to like play around with the stack and like concatenate the items and then so it's like an interactive
Website it that literally walks you through the steps of what op cat actually is and how it works
And what happens behind the scenes when you use it yeah, and how it can break to
It's it's like really good. You go through it, and you just understand. What's going on even yeah, even if you're an idiot like Eric
Yeah, I think I think that the the part that's really
Like awesome, but like a way to really clicks is that like it tells you to just keep concatenating these items
And then you know you're concatenating them, and you're duplicating them
so it the size of the the stack element just goes exponential and like even
Even with a you know super martin computer like if you just press that button enough times
You're gonna like you're you're super modern browser with like gigabytes of memory
Like it with an exponential function is very easy for it to run out of memory if you have something that is consuming that memory exponentially
so you can like with
button clicks like manual button clicks just blow up the size of this of the stack element
until it actually makes you real browser it demonstrates the
The danger that the old the element before the twenty five hundred twenty
White stack item size limit like it demonstrates that issue
Like you actually get to crash your own browser
Browsing through their website, so I think that that's like so awesome
and it also brings in like the history of like what happened to op cat why did it get deactivated and
How did it get deactivated it just?
Like that is now like the best explanation for op cat that probably exists anywhere in the world and I honestly
I didn't expect that from like white list quest that people that someone will create something that
Awesome, so I'm like I've been blown away like the whole day
Eric did you see that that he then went and inscribed it so that's actually an inscription now. Oh, no, I didn't I didn't that's awesome
full circle of a freeful
Pinned I pinned the tweet up above if anyone wants to go check it out
It is really cool to look at on or dot. I owe it like it's pretty amazing that you can click through this entire interactive thing
You can also do that in X verse family. You can like literally just go look at it in the wallet and
Watch this entire demo. So yeah, I think it's just like really hard for
Maxis or anyone even the sandwiches to say that we're not doing doing our part to educate here
You know one thing that I realized today I embarrassingly enough I realized right now on the space that op cat
enables lamp or signatures which are quantum secure and
That's it. So that you know what we was talking about like layers. There's many layers this this was something that I that I completely missed that
Ties into lamp or signatures which which ties into quantum
But I'm assuming that everyone on the team has been thinking about that
Because op cat it's it's dead or or alive it's like we don't the opcode
It's in a quantum state, you know, it is it's it's an inverse onion the layers just keep adding up
Thank you right now QED
I was thinking about what Elizabeth was saying about her brother that he was trying to do some numerology to understand
What was going on inside the collection?
There there may be some secrets like that in the collection. I think there there is a lot of like
Numbers like magical numbers stuff in the Taproot wizard lore overall that hasn't been discovered yet
and one of those things I think that no one has discovered yet is that
If you look at the
Range of blocks that the Taproot wizard collection was inscribed between
And I'm talking now about the bulk of the collection of the honoraries that came like outside the Balkans bulk inscription
that range of
starts with
either starts or ends with
420 and then ends with 69
So like it has the the meme not the meme block numbers are
like encapsulating the bulk of the inscription and
I don't know if that was intentional if it if it was intentional then that's badass
But if it's accidental then I don't know does that make it more badass or less badass. I don't know
There's there's some with quantum cat specifically. There's also some fun
On-chain breadcrumbs that we left with the collection that we left for people to discover
Just you know, it's like nothing earth-shattering
But we know that our community loves to dig into the details and figure out how all this stuff fits together
So we wanted to leave just a few little little things for people to find
one of them that I don't think we've said publicly but if we're getting into kind of blockchain numerology is a lot of people have seen
Wizard that is the the parent of all the cats
So if you go and look at any of the cats the parent inscription is like a little emoji wizard
if you open up the genesis transaction for that inscription on like mempool dot space and then you
On the left hand side where it shows the inputs if you kind of go back two steps in the transaction graph
You'll find an address which is also the ancestor of every tapper wizard that's ever been inscribed
So there's like on chain linkage between the taproot wizards and the quantum cats in a way
That doesn't rely on any like third-party indexers or third-party metadata
You can like find that linkage yourself with just a just the blockchain, which is pretty cool
And of course this applies also to the genesis cats and this is why of course the the value of the Genesis cat is
I think this little wizard emoji was
What changed the value from just two hundred and fifty thousand dollars to the two hundred fifty-four very specific thousand dollars
Like an onion
Like an inverse onion
Okay, so so so Roxy we haven't heard a single word for you today yet. I don't think yeah, are you doing?
Hey, what's up? Thanks for having me. So excited. Thank you for being here
Yeah, dang. Thanks. I appreciate I like kind of liked Eric's onion analogy
Okay, we're done with you then anyone else
Yeah, I really appreciate having me here really appreciate you saying such kind words about my art
I just want to congratulate the team especially far. I love the art
I love the cats. They're so cute
I just wanted to say that I I've been in NFTs a very very long time and in digital art and
I love this project because I think it solves a very very big problem beyond
You know all the great things about it that is being inscribed on an actual Satoshi and that problem is like throughout my journey of
It seemed like a lot of these collections would drop and then after the drop there'd always be this now
What this question like now what the factor and it seemed like a lot of these collections not that the art was bad
You know in every single collection that didn't do as well
But it seemed like they kind of hit this this big wall or this roadblock that really prevented
The growth of the collection and I just think that I love this project so much because it seems to have
Solved that problem where now if you have the quantum cat, it's evolving on its own. So then now what is
It's evolving and it's also very mysterious. I love how I don't know whose idea it was, but I love it
I love how you captured this
Factor of not the unknown of we don't know what's gonna happen to the cats in the future
And so I that's one of the reasons I just love this project so much in addition to the art is because I feel like
The team solved this huge problem of a now what and I think that was the reason why a lot of collections on
East did not do as well
after the initial mint
Think I think it is an interesting question. Like where did it come from because I don't think that
Team members on the project. It's not that we knew from the start that
This is how it's all gonna fit together. It is
bunch of people with their specific skill sets get together and they start working on something and everyone sort of adds what they're good at and
what they know about and then
it sort of comes together as you were working on it together and
I've just been I think this is a
One of the only things that I've ever worked on in my life where everyone that has worked on this has
Like blow me away in some way like with something that they're
capable of doing
so I feel like the
absolute most useless person on the team and
Yeah, I'm just I've been super stoked to see I feel the same by the way Eric
Just I'm just trying to support what you're saying
No, it's just been
Like really interesting. This is this is the first time this this set of people is working on something
together and I think it's just been like super encouraging for the company that like to see
like usually in a company like there's someone and they're doing something like they're pulling too much of their own load or
Like but in this case, it's just been
Like everyone has been impressed by everyone except like no one's been really impressed with me and Udi but the other people
For Rindall and Tyler's all been like very impressed with the abilities of each other
So, I think that's like the thing that
Is sort of emotional for me about the project
Totally I think
We're kind of really fortunate to have a to have a shot to work with like honestly what I think is the best team in Bitcoin
Which is saying a lot. There's a bunch of good teams in Bitcoin, but
Yeah, it's it's the amount of like working effort that went into this project and
Other stuff people don't know about yet. It's it's been like it's just it's just really cool
And I'm like ecstatic to wake up every morning. So I feel like really fortunate to be in that position
And also, you know, we get to have like what I think is also the best community in Bitcoin, you know
I don't know any other
Community in the history of 15 years of Bitcoin that just goes out there on a moment's notice and produces
Literally thousands pieces of content thousands in one week
About op cat which is like this obscure thing that nobody knew it existed up up until a week ago
Let alone what it is and why it's interesting
I cannot think of any other community. That's you know
This dedicated and and and like creative
It's honestly
very emotional to see that so
Thank you
I really appreciate it. It means a lot. It really does. It's like
you know, we come up with those crazy quests and we and you never know like what's gonna happen when you put them out there and
It just always exceeds our expectations like wildly
So thank you for that
Uh nb have your hand up
Elizabeth first she has more browsing hours of cats than I do
She sure does
Well, i'm it's just a quick just real quick
Um, I wanted to just jump on and because I realized I didn't say like huge congrats to far
Um on the sotheby's auction. It's just incredible to see to see that skyrocket and um
And so cool like
Like at sotheby's. Oh my gosh. I'm just I can't get over it
I literally get goosebumps thinking about it and also I just wanted to share something
I thought was funny when I was in time square
Um passing out the flyers like throwing out these flyers of um missing op cat
Somebody literally came up to me and said oh, we hope you find him like
Like people would seem genuinely concerned. I think they thought like maybe from a distance. They thought it was a real cat
So just it struck emotion
In time square. So anyway, um amazing art
And uh, that's all that's all I just love it. Love the cats
That's probably because you don't look like a crazy person
You can't see from the outside that this is a like lunatic individual. You look very orderly
Like ladylike
You look like
I don't look who I am
You look like a well-mannered
Um normal person which is really not a fit in in this
In this world that we find ourselves in so yeah
I've pinned my crazy cat woman video for proof here
I was actually pretty shy. Oh, I have another funny story. I was pretty shy about putting this out and actually, um
Jeremy Rubens fiance was in town and I told her I was like, hey, I think I'm gonna do this quest
But I I don't know like is it too crazy like to create this video and put it out there
She's like, no, you should do it. Like it look it sounds amazing. I showed her my my board
That's awesome
I was like like I literally have your your fiance's face like on this murder mystery board in my apartment
She was like this is hilarious. Anyway, and she told me a lot about like ctv and stuff too
So it was a great learning experience for me
And yeah, shout out to people who like encourage you to do crazy stuff on crypto twitter
But anyway, it's good time
Elizabeth you're like an inverse onion like there's so many layers to you
Uh anyone that gets to experience you why why does he always do that? I don't understand. What what's the obsession with inverse onion?
What's going on? It's pretty funny
Okay, nb and then rexy
Yeah, you should have made people shower with their cats. That would have been really exciting content
Um, also do we know who bought the the quantum cat yet? Have they announced or are they?
I I don't know who it is. I I hope they tell us but I don't know far. Do you know?
No, I don't think they tell you
No, I mean, I mean the person who bought it I hope tells us
One about maybe they want the person who bought my other piece. Uh, send me a message. So but this the
Not yet no news from the quantum cat
I wonder who it is
All right, I don't think ragsi is going to tell us that it was her but maybe
Let's see
If the buyer reveals who they are we will give them a whitelist spot
I don't know if we can promise that we'll see we'll we'll chat about it. They got a cat. They got one already
You do have a cat
They do have one cat
Maybe maybe not no it it it was not I
But um, you know what I was thinking
To celebrate we should have you know in honor of bitcoin
We should have a pizza party and we should definitely order the pizza with lots of onion on it
Uh, so I so far was saying before that
He was saying that I was uh, like part of the artistry by like combining layers and
Traits and stuff and then and then I look at ragsi's taproot wizard with the viking
Hat and the glasses and like is that
Is that my contribution like combining these?
the the viking helmet with the glasses and the
Because it you know, I'm not sure that I deserve to be like complemented for for my artistic sets
When I look at your wizard ragsi. What are you talking about?
You just spoke with that wizard is amazing. What are you talking about? I'll take it now. I'll take it right now
How much do you want for it?
I love the blood. I have the viking hat. I feel like it suits me because every taproot wizard's
Party i've been to i've always brought a weapon
So like the um because I wanted to be more of like a badass like taproot wizard
So last like at a tmyc
I was like, oh what I do for a costume like I want a weapon like I don't want to wand
So I went to the party. So I brought a big battle axe to the
To the party. It wasn't it. Everybody loved it
Brilliant
No, you love to see it you love to see it wait, are we gonna have cat parties
Not with onions
Can we have like cats and wizards so we can have like cat ears?
That's actually the only thing I ever dressed up for for halloween
So i'm actually prepared this time. I have cat ears for the wizard party
I had to go out and buy a beard and it was $40 beard. It was expensive. So
All we have been doing in this company is throwing parties. I mean
I think of course there's gonna be a cat party until now
Yeah a farty party throw some farties
My mic was uh off and I was practicing saying that and I said it without trying to say it but um
You ever seen the ikea cat commercial
I'll take that as a no 100 cats releasing inside of an ikea at night
Imagine that but with drinks and hors d'oeuvres
That's great, that's great
Say hello to bubble for me eric. I think
I think with that we can we can kind of end the space
Um, I think we've been we've gone through most of what we want to go through here
Uh, especially to say massive congrats to far
Um, because this is like exceptional
You know, I mean
I'm still it's so hard for me to believe we didn't we were like the the estimate was between 15 to 20 000
Okay, whatever. Uh, look, um
Thank you everyone for being with us here. Um, if you
Look if you want another cat
For yourself, uh, the only thing you really can do
Is complete the quest and you have exactly 22 hours to do that
You can see the quantum cats account as a co-host right here
You can go and follow it if you if you want and see the quest
instructions over there you join the tupperwizards discord and
Yeah, there's the instructions are in the discord and you'll know what to do, but you only have 22 hours. So
I'm, not gonna say it again. That's it. Uh, thank you everyone who's on stage. Thank you for everyone
You've been listening. Thank you for our amazing community for doing all this
Your support means of the world to us
Um, I can't wait to make bits quite magical again with op cat or some other covenant or something other
I don't know something cool. We'll figure it out. Thank you everyone
Um, that's it. Have a great rest of your day