Yeah, exactly. Yeah, I'm sorry. I just just focus here. I was doing doing things about
about the rifle. Okay. So we have the winners, the half rifle winners of the Web Summit tickets in real.
Do I already have names? Yeah, we have names for now is Ricky. Okay, okay. From regular relations Ricky and yeah, our website is
is like one of the biggest events in the world of the web world or technological world. And it is happening in Brazil this year in Rio de Janeiro.
And we have two tickets and we are refling on these two tickets for people that are engaged. So yeah, you are refling now actually is anything.
I'm sorry you are raffling you just raffling like just I don't know the verb in the past of raffle hi I don't know also yeah but you did the raffle like some minutes ago isn't it exactly and Ricky won't
and Bruno for Nifty 5 won also. Okay awesome awesome so I put this title of banks and bank points because I think it's still good for me this first republics
the first Republic stock just fall out like a beautiful chart of a main coin red bull. You know when a main coin red bull happens the price goes really really red and down. The same thing happened with first
Republic and the charts are so similar. I saw some memes about it and yeah our banks, main coins at the end of the day. Yeah, pretty similar indeed. What do you guys think? First of all, GMGM Hermes, how do you mean?
GM family doing great how about you guys just watching this meme coin pumping and this craziness happening in the US right now I already told you guys this is this is the storm you know the the
I don't know man. I hope yes that this is a sign of a better times but I don't know. I don't dress name coins at all but okay.
I have to let me search it for it for the meme, but you can if you want to go ahead, go ahead. Oh, I would say that we need to wait until Danny can manipulate the results of the powerful.
Because she's the most lucky person I think the refer guy thought that I am suspicious because he said a person from
if to fight on the rifle and I was like yeah and then he said a person from now on the rifle also and I said yes because people from the project engaged on the project so it's a normal thing to happen. It is it is like
What do you expect if they are from the community? You don't expect for people to be outside of the community to win this. It will be not, you know, I think. Yeah, yeah. Let's agree and disagree.
I wasn't going anyway because I don't have money to pay for my hotel and everything. So I just entered for the coach
Yeah, exactly. How do you see that chart here, Hermes? It is in that a meme coin or it is this first public stock.
I am not sure, man, to be very honest. But you are seeing the...
Yeah, I'm looking to the chart right now. Yeah, this is the first republic chart or is the main coin chart No, there's no main coin like that. The main coins do away better than that. Yeah, exactly. That was what I'm saying. This is the chart of person
the public bank stock. If you look at her, the charge will be like that. Exactly the same
Do you know what is very shameful is that they try to connect crypto and the fail of these banks? This is the true shameful thing happening right now because in the US there are thousands and thousands
I don't know the exact number but I'm not as exact as you're rating it all. There are thousands. Every state of the city have their own. Yeah. So it's very predictable that some of them will like go bank
Ruptoe when the US is facing their strongest crisis of our center yet at least. I don't see nothing related to crypto, even though some banks were related to crypto.
I mean, crypto isn't even regulated. So how is it crypto fault that they are going bankrupt?
Yeah, there is no attachment between these absolves and what crypto it is about crypto. For instance, Signature and Silvergate had some relationship with crypto companies, but they have nothing to do
with crypto itself. It's not a crypto story. It is a banking story. It's a financial traditional tradpie story. And when talking about first-verse republic, let me say one thing first, they're branding it is amazing. First of all.
I remember I was walking, I don't remember if it was in Miami that we saw some banks there and I remember saw it and seeing the first public building and it is really beautiful, it is very classic and stuff like that but it is a medium sized
bank and that had nothing to do with crypto. They are just mismanaging all the other assets and don't have the trust anymore for the customers. And yeah, this thing has
happened. The meme that I saw, it is like banks on crypto is a fraud. Also banks, and you got this charge. Yeah, they are trying to create this narrative while pre-planned bank is the same.
And we all know this is bullshit. It's not the same. It's much worse than that. Crypto are the rugs. Banks are the real rugs. Crypto are way more credible. At least you have the actual
actual data you know yeah we can see what's happening in real time actually yeah they are trying to create this net as I said they are trying to create this net achieve where crypto and and the bank systems the same but it's not like that you know we are not this
same they are way worse than us. Yeah I agree with you I agree with you but if you if you start with this kind of conversation with bank people probably they will not understand so try to compare things are different you know yeah yeah yeah I
I got it, but I also feel like there are people that are genuinely trying, like defending crypto by saying that, but there's also people like leveraging this narrative, you know, with trying to establish that we are the same.
crypto and the banks and we are not the same they are way below us in the the tourist aspect at least you know. Maybe in the US because as I said you anyone can have a bank there. And yeah and the problem that it has in crypto.
for the last month and a year was actually made of centralized exchange that are really close to what banks are. They are pretty similar in formats in the way of how they do, how do the business
how they make money. So essentially what we had in the crypto as a crisis when you're talking about FJACs, when you're talking about Genesis, when you're talking about all these crypto companies, what actually pre-AeroCaptos
what they actually were, they were banks, they were crypto banks, but they were banks at the end of the day. Yeah, the crypto part is just like in the name, right? Yeah, just banks. They trade crypto assets, but what they do is hold
crypto assets is investing. It is sometimes great fake money as well but what they do is not related to crypto itself. What they did is financially if you see it is this is traditional finance you are just doing it that in
with crypto assets, but it is just a normal bank. Not so much regulated as a normal bank it is, but it is a bank. It functions in the same way. Yeah, we had some other news for
Today we have Dax Merlin, it is a Dax from ZK Sync, it is supposedly where Hackett... When I hear supposedly I hear a scam, I hear a rug, you know.
they did an audit, a code out, code out it and the code out it showed that 1.82 million were hacked. It is due yet to more investigation but yeah
They had this suspicion around, maybe it is a rearer of the code. Maybe it is some mistake of the audit as well. But yeah, you need to check this out. It is just unused that it is popping right now. We had
Also, we have like, inflationary crisis in Argentina going very very up. And we're talking actually about Argentina in one of the townhouse last. Like I think two townhouse from now.
And we're talking about Buenos Aires and their Argentinian culture and their Argentinian society. And we talked a little about how crypto is a perfect scenario for not just Argentina but for Latin America.
Contrast from Latin America because they have been a chronic whole problem with inflation But yeah, that's if you guys want to comment on something that I'm I'm mentioning here feel free Yeah, but the news is quite that the inflationary
crisis of Argentina is becoming a crypto adoption there, even more aggressive, more massive. And the ecosystem in Argentina is big, man. It's huge.
Yes, it is bigger is it is five time four or five times more than then sir. Yeah, for sure We had as well FTX selling the the derivative derivatives parts form called ledger
X for $50 million. That's pretty interesting because it shows a little bit of actions from FTX. It is not normal because most people consider
Jack's dad and yeah, yeah, they are doing business Somehow, I don't know how but yeah, they are there is two in business and there are selling their Their active splot's form. It is important to understand what they would do with this money
If they will pay their customers back, if they want to restart the company and stuff like that, we don't actually know. But the fact is that there is more 50 million grants in their bank account.
Also Apple this was quite a news from while ago. It is that Apple has white paper of Bitcoin white paper in their OS like heating in their OS. And now they are they are cohorts, you know, yeah
Yeah, it's like now they they just eliminated Yeah, the white paper like nobody knows like that like that they just remove it in no statement. No, you know Yeah Colleges is how I call it Why did he put his dad?
exactly and to go back like that you know yeah if maybe it was like some engineer that wanted to create some easter egg but I don't think that Apple would like this pass I think it's an institutional stuff but
Why just why you let let the white paper there and then you She just remove it without telling anyone what happened Yeah, don't think that an engineer like can hide it there alone, you know, this is this is multiple hands
working. She's not like the work of a one guy like he can hide it there. They certainly knew it, you know, and it's so shameful that they are like just removing it without saying anything like it was nothing like it represents nothing, you know, it's just ridiculous.
Yeah, it's easy to get it either. Yeah, guys, for now we have this news. Why do we have it is basically the biggest news? It is first republic, the first republic case, first republic bank, it is a medium size bank.
It's not so important, but people are kind of afraid it because it can give contagion to other players as well. But crypto actually did a pretty interesting move.
as the main assets of the disecosystem. Just bump with the news. So first report bank. They are just rugged in the bank and then put them money in crypto. That's how it seems.
Yeah, yeah, yeah, yeah, because the stocks have completed going down. Government is taking over, is seizing all the of the first of the assets and stuff like that.
pretty much bankrupt. And at the same time, the crypto assets go very up, very aggressively up, 5-6% in today, in the same day that this happened. It's very interesting, I think it shows
a little bit how our narrative of we being a protection of the banking system. It is working out. What do you guys think? I'm sorry for the question.
Yeah, I just made the question of we are at the same time having the crypto industry going up and at the same time the first republic is failing and is going bankrupt.
And we have the same situation that we had before with registries, with other SVB for instance. We are having this right now. When a bank fails, crypto goes up. This is a correlation or is just...
I think yes, I think Hermes dog wants to join her. Hermes your dog has something to say about Easter. Yeah, I think it
collaborate with this pump but it's not the only reason. Of course it collaborate. We cannot leave apart from our economy scenario. For me this is a kind of a
question. So yeah. Yeah, I always also see a correlation on that. And for me, it shows a little bit of strength in
Because when the market sees that we are safer than a bank, when a bank goes down and we resist and goes up, I think this is beautiful because in early days, like in past days,
What will happen is that crypto will go down as well because people will not trust nothing you know if they don't trust banks they will not trust crypto this was the line of thoughts but right now it's their opposite you know and I think that's that's quite good
Yeah, totally agree. I totally agree. Like when we are going to see you know, banks topping doing it. It looks impossible. Mm-hmm. Yeah. And I think that's the good thing about it. Of course, it is not good that some player bankrupts, but
It is not a crypto player, first of all. But it is great to see crypto reacting like that. Yeah, I think that I agree, if you win the macro, banks going bankrupt one after another. Of course, that will have an effect in crypto.
But the subjective message that this is sending is way more representative, you know? Exactly, exactly. So I think that you guys, we have also one thing that we are partnering with Collective.
to create this AMM private bet of private that private test. So we are the AMM that we are building on super flip. We have partnered with some collections and collections. So if you guys
want to show some collections, some collections that have great volume that have been driving during this difficult period because it's still a better market. Yeah, I think it would be great to talk with some good collections about it because you are
to being launching the ad. Yeah, yeah, yeah, I think now I'm going to seek for polygon collections. I'm kind of bullish science. Yeah, since, you know, super flip is there since, of course, either gases high.
Yeah, exactly. Exactly. It's pretty high and this is exactly actually hurting a little bit of the volume of the collections because no one went to buy NFTs when gas prices are so high, you know, you went to your weight a little bit and
by when the gastris is a little bit low. But yeah, I think that's, um, layer two is there to help us a little bit to, um, get things on the terrain not to be so, so overwhelming.
I think layer 2 is that it spreads a little bit of the volume out transactions. I hope that we don't have a boom market with incredible, insanely high gas fees like we had
But the last time, because last time was, man, $100 to do a swap. We had that. $100 to do a swap. Simple swap, $100. It's just crazy. It's just not believable. But yeah, it did happen.
Yeah, but I think that's it guys. Thank you for being here today. We don't have now's music, but if then he composed one more music we have will have now's music as well here
Thank you for being here. GMGM. See you tomorrow. See you in the... no tomorrow. In the town hall later. See you all there. Much love, family. Much love.