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GM Live - Trump Shakes Crypto Market! New Kaspa ASIC & DePIN Boom
Recorded: March 31, 2025 Duration: 1:01:55Space Recording
Short Summary
The discussion highlights significant fundraising activities, including investments by the Trump family in a mining company and Circle's IPO plans. Additionally, MicroStrategy's substantial Bitcoin purchase is noted. There is also a sentiment of decline associated with the Trump family's involvement in crypto, perceived as negatively impacting the brand.
Full Transcription
Let's go! Web 2, Web 3, stay in the know!
Action, Dabitola, Toki in the zone
Breaking down the latest, straight to your phone
From Web 2 shifts to Web, the waves
News, deep dive, hot takes for days
Tech's evolving, the world's in spin
Markets move, let's lock it in
Genzio's here, no time to snooze
Tune in now, get the news!
GM, GM, wake up, let's go
Web2, Web3, stay in the know
GM, GM, wake up, let's go
What do, what do, stay in the know
GM, GM, wake up, let's go, what do, what do, stay in the know, GM, GM, start the show
GM, GM, let's go, what true, we're true Stay in the know
GM, start the show gmgm what's going on everyone such a good day so glad to see both of your beautiful faces on a
monday morning i was gonna, I'd say the same,
but you're, you're a little foggy.
So I can't really see you all that clear.
So everyone just imagine what action would look like in his prime right now.
I'm all here for it.
I am glad to hear I'm in my prime.
What were your prime years like,
Scott?
I don't know.
They're so far behind me. They were so far behind me.
They're so far behind me.
That was so quick, Axon.
Well, that's what this show is all about.
We're going to talk a little quick.
So if y'all listen a little quick, we can get a ton of info out of this.
So make sure you're ready because we're talking.
What are we talking about?
I got to check the clickbait that I put up as our title and whatever else.
Let me see.
We said Trump shakes crypto markets.
Oh, yeah.
We got RWA.
We got AI.
We got Deepin.
We got a lot to cover today.
So make sure you're all sitting in tight and hopefully taking notes because we're going to have fun.
These guys are just looking around like what's going on.
They have no idea what's going on.
I open a bunch of tabs.
I have a bunch of things I want to share with you all.
Yeah, we're going to have a good time.
Action.
Action.
It's Monday. It's Action. It's Monday.
It's Monday.
It is Monday.
You've got to get up.
What do you mean?
Action is just like I'm going to rapid fire on everyone.
That's what we've got to do.
That's how we get things rolling.
It is noon on the East Coast.
People have been awake for hours, and you're worried about it.
Plus, I want to give it a little shout-out.
Wait, wait, wait.
He's giving you credit.
It's not even 280p.
I know, right?
You're like pixel art right now.
Animated pixel art.
Yeah, I just went on, what do you call this thing, on the stream to see how bad it is.
It's really bad.
I'm going to try to fix this while I'm at it.
I literally have control over my entire network through my phone.
So I'm literally like getting rid of people that are streaming things.
My children will not be watching TV right now.
I promise.
Or will listen to music.
They're going to be taking one for the team.
Let's just call that.
You get your system.
Wow.
So Monday, let's see.
Let me just do this real quick because nobody knows about this.
Toki, did you tell people that the reason why you selected that style of music for our intro song is because of the one and only Oz Sultan?
It just felt appropriate to honor the guy.
Sorry, what now?
Yeah, Oz Sultan.
That's why he's on purpose um you know so oz sultan obviously his name gives gives a little inclination
as far as why the music is the style that it is oh my god no i've never even thought about that
you're welcome i put it together oz you're the man shout out to you and funny thing you want
to hear something even funny i can link so here's how the crazy mind of action works. If I think of one thing, it just
keeps leaping into another and another and another. Why did I think about something with that song?
Because I put inside of that Trump thing is going on. He's shaking up the markets. Here's what's
really happening. I mean, yes, the markets are crap show because of the tariffs and people are
afraid of what the heck's going on out there. So they don't want to inject money into whatever token coin, whatever you want to call it.
Like that's where we're at.
But this morning I saw a little post from a buddy of mine.
What's his face?
Saucy Deepens, the guy who crashed on our couch in Denver.
Remember them?
Yeah, yeah, you do.
Okay, so here we go so apparently uh donald trump uh not donald trump donald trump
jr and eric trump to invest in the mining company background here what are you doing
what happened oh it's just a different background i might have changed that
there you go yeah you need to add as we change things that's all it is
toki showed up late guys i going to put it all out there.
Airing the dirty laundry.
Toki did not show up on time.
He was not here 15 minutes before the show.
He showed up two minutes before the show.
He was like, how do I log in?
Anyway, let's get back to the news.
Going on with Trump here, the Trump family.
This guy.
I know.
We're having a good time today.
We're investing in a mining company.
And then Saucy Defense tagged Quantum Expedition.
Toki, Quantum Expedition. You know these guys? Yeah, I know Quantum Expeditions. investing in a mining company and then saucy defense tag quantum expedition toki quantum
you know these guys yeah i know quantum expeditions yeah toki used to work for them
i did yes that's great why did you leave instead of me i am we're gonna have a good time today
he's in the firing squad right now let me just sip on my coffee and be entertained please continue it's
not me today why did i leave um because i was offered an exclusive position with genzio that i
i could not deny at that time okay so he's slightly truthful about that yes we might have
hooked him up at genzio but they weren't paying enough let's be serious they were not paying what
you're worth and i will go out and say, which is the most bullish thing that I can say when it comes to a money project.
Like you don't want to pay people a lot of money.
You want to make sure you're making money, not spending money.
So sorry, Toki.
Yeah, you were not paying what you're worth.
Anybody who showed up – wait, wait.
Anyone who showed up this morning and has been microdosing has now
decided to take a second dose to be entertained here so i hope for all of you that have done that
that your morning is kicking in with style as action entertains and if you can make out the
pixelation even better what's good is like every once in a while the video comes in really good quality for like
good like like three four seconds and then just fades back out as if it never happened at all
and then you're just like am i going blind
i love that it's a little a little rough there actually a little rough i'm doing the best i can
right here i'm actually trying to refresh myself, trying to keep cleaning
things, and my children are no longer watching TV.
I can promise you that. Your internet
needs some of your speed right
there.
You need to plug into
an art.
I'm usually
trying to slow down when I talk.
Do y'all ever see me on stage?
I'm literally thinking, slow down, slow down, slow down, slow down. You need do you ever see me on stage i'm literally thinking
slow down slow down slow down slow down you need to hear yourself before you actually speak just
listen to yourself so this is normal i like it this way if y'all don't like it just like change
the speed of the video so like what is it 0.75 maybe yeah so that so to be like you're normal
and then we're like on lean is that what the world exactly exactly
And then we're like on lean.
Is that what it is?
Exactly.
Everyone's speaking whale for a second there.
I know.
That's what it would sound like.
All right.
So what do we have in the news?
What is...
Dude, that is literally the news.
I started this show.
I'm telling you that something is a big deal because they're
coming out left and right with news about
this stuff, man. Do you think I'm making this
up here? Let's get more. You want more
Trump crypto news? Here.
We can do this one instead. Look at this thing.
Pull some more stuff up. We have a couple.
We have a green candle right now. Not much.
Oh, this...
This is actually Arthur Hayes.
Yeah. Yeah.
You know that guy?
This is – yeah.
I've met him before.
Well, when you're being interrupted by CZ, right?
Yeah, I have to say the interview with Arthur Hayes was pretty – I don't throw the word epic around much but epic because just nonchalantly cz just walks in the room like
the door like room in the door is glass so like he knew what he was walking into he's just like
walked in like hey oh like we're like what's up he's like oh didn't realize you guys were recording
it's like no we're recording and actually you knew we were recording no we knew we were recording but
he didn't know we were recording.
Hold on a second. How do we
fix this now to be something better
since he just left? Oh, wait. No, maybe not.
Action's like, oh, look at this.
Hold on a second. He plugged
his internet back in.
It's okay. I'm just throwing that at myself
on the team here. You look so
good in the thumbnail on the bottom.
It's so funny. It's a Larry up top.
And now he has an echo.
I don't have an echo.
Sorry, I fixed it, fixed it, fixed it, fixed it.
Okay, we're good now.
So you're saying all this Trump news.
All I see since the election time where things started ripping is that there's been lots of Trump news, whether it's tariffs,
his son's tweeting about like picking up ETH.
It's a good time or this or that or whatnot.
And all I see is it being extremely choppy since the initial hype through the
holidays, through like Christmas and the new year from,
from the election scene, since he's actually taken office.
And since probably pretty much i hate saying this almost the trump and melania token like right there
when he took office it's been pretty choppy now i'm not complaining i mean in the sense that we're
over 80 000 on a big bitcoin which is probably a year ago right oh actually no because we were
no we weren't to last april we were actually
then we hit all-time high at that at that point then somewhere around there no i don't think so
not yet no it was a little back of the back of the bitcoin chart but we weren't that high ahead
but still i mean we're up i don't know but i see every movement in anything he says causes like
pretty volatile uh move on the charts and then everything follows
what bitcoin does and i've been seeing more downturn than up what yes more downturn than up
but what i think is hilarious is how people try to pitch it and like try to make news uh where
there might not even let me put it on here just so i can do it right there there might not even
be any news so the trump family is cashing in on crypto. It's creating problems in Congress.
Like this is just sort of thing.
This is a clickbait kind of BS thing because look, I mean, we could say this about stocks for the last decades with Congress, with politicians.
for decades with Congress, with politicians, even to this day, people at like probably getting inside
information or whatnot. What's the difference? I hate to say that. What's the difference in that
and stocks than somebody essentially posting a tweet that they like something, but they have
so many people following them that everyone just apes in and then it goes up. I mean,
I'm not saying that it's right, but it it's happening across the board and for it to be
happening in crypto it's not it's not a surprise isn't it weird how they only really focus
on the family they only really focus on stuff that's that's truly happening with the trump
family it's not always focusing on like the other sometimes slightly bigger news options that are out there things that probably deserve a bit more coverage i'd say
especially to the president but like his whole family is active and and outspoken it would be
think about if if you go back let's just say obama or something his kids were young when in office
but if his kids were in their 20s or 30s and they were actively talking about these things, or I don't know,
Clinton's a bad example too, because at the time his daughter was a teenager as well. But
some of the families, even when they're out of office, the families aren't as vocal.
and as vocal and what so now we're paying for her house and wedding
And now we're paying for her house and wedding.
but you have such a vocal family that's tied to the president so it's almost you know guilty
by association it's just grouped together okay so the difference between that and like your
regular crypto because you you asked the question okay so i'm going to answer it the difference
between that and our
regular you know crypto influencers out there that might say something um about this i can
see exactly what it is you want to know you want to see it no bit boy won't talk about it so you
won't have a video like this one over here um crypto twitter got it wrong that i think that's
the biggest difference i need to fix this screen because it's messing me up all right we're back there's a video over there there's a couple videos that
i just saw on thumbnails that i kind of want to click and see what's uh and watch but there's
been a bunch of no not on my screen i don't know what just happened but let's go back to here
and there wait i got you i got you scott i got scott right there there you go so i
was trying to get the screen set up right wait you clicked on your screen that's why anyway um
which ones i'm curious which video i want to see i want to see no two three four five what day is
it today 31st pretty much everything within a week to be honest because how long has he been locked up
for now? Oh my gosh yeah you're right
I kind of want to see
I showed up to this channel the other day
I wanted to see what was going on too so this is two days ago
well the thing is that he's very very active
on Twitter
as well from I saw things just coming
across so if he's actually locked
up I kind of want to know is this all pre-recorded
stuff and if so how do you you know i'm curious if there's things said because
how would you anticipate certain things you know so great so it could be it could be insightful
it could be mildly entertaining probably not insightful entertaining absolutely um the question
is is he making videos in jail you know you know what i i don't think he actually is but i swear
i would love to open tiktok and you know like you go on tiktok randomly i don't know if it happened
to you guys you see like these videos you're like what the hell these guys are in jail and they're
like on tiktok you see all the inmates just like look in they're like oh shit you know like look there's
300 people watching us we're in jail like i want to see that pop up in my twitter live feed and it's
and it's been in jail like you know what i mean like like you like you know he's live
like to smuggle a phone and then ask him how he got the phone in like all sorts of different
things that would be good.
That would be great content.
It'd be the same thing if Sam Bankman Freed did that or anything.
You know, if anyone.
He's been.
Right.
He's hanging out with Diddy.
I don't know if I want a phone to see any of that then.
Yeah, I'm good.
Well, you know, you know, there's the way they smuggle things.
Never mind.
I'm not going to go that route.
Were you going to talk about baby oil?
I was not going to talk about baby oil.
I was going to tell people that we do have
sponsorship opportunities, and I'm going to put this sticker
right here. Look at that. How cool would your logo look
right there in the middle of the stream?
It would look much cooler if it was on
one of our streams and not yours because
of how ridiculously
blurry it is. I literally just got a new
internet provider i'm gonna bond my connection i should have two gigabits now and i have a really
good upload speed on the other we're gonna make you know what's amazing about this stream is that
you you get them with the clickbait title action and then they they realize they came really for
the comedy they're like wait a minute There's not much according to the topic.
They talked about Trump and a little bit about crypto,
and maybe they'll get to some deep in or other things,
but they're making fun of each other.
So that's actually, I do have some pretty incredible news.
No, we're easing into it.
Now, we still got plenty of time today.
So I do have my...
We want to get rid of the riffraff right that's what's
happening right now we're getting the rid of the people that don't need to hear the the alpha
go ahead i think we're ready i'm gonna agree it's right here you should sue your isp i know
they're talking to you they're rattling your internet when we're trying to get work done here. This is just not acceptable.
It's not acceptable.
Oh, oh, oh, oh.
I just noticed something.
It seems like we might be getting, I don't want to call it censored, but if you take a look at the stream, BionicMan95, his info, like his messages are not coming in through the chat but he is like chatting
away on the stream that's interesting action probably uh it's what you probably banned him
probably blocked him that is odd what is it a youtube or uh twitter that's an x thing
well we know for the last what two two plus weeks there's been tons of. Well, we know for the last, what, two, two plus weeks,
there's been tons of attacks on it.
We've been having a difficult time at Gen Z,
getting spaces started, knowing who's on stage.
There's been times you couldn't pull a co-host up.
So it doesn't surprise me if not all the information's going through.
It's unfortunate though, because we like to interact with the chat.
If there's good questions or funny comments, we like to pull them up.
One thing I'm thinking I'm going to have to do is change my setup a bit.
Now, the TV in the back is just my charts monitor that I duplicate.
But I think I'm just going to put that as a third monitor and then flip this other one vertical to actually pop out the individual chats from where we're at.
Because that'd be cool.
Yeah, so that we could actually get to that.
So probably on Wednesday,
because I'd like to see more interaction with that,
you know,
get some more questions.
I got five screens in front of me right now.
So I got enough real estate.
That's probably why it's so blurry.
That all that power and internet you're using up there there's probably five separate computers
with those screens i would not bypass them two two the third one's off right now
yeah the amount of compute wait the amount of computers i have in this room versus what's on
because i know they just start stacking up like uh i'm going to be moving soon so i don't have
like i'll keep most of my hardware between the i'm gonna be moving soon so i don't have
like i'll keep most of my hardware between the closet and here and different things so it's like i have this computer my laptop oh no i have a tower over there oh no now it's you two imacs
we couldn't see anything you just frozen space it was bad you're still frozen i'm not doing
anything for once i'm not no scott genuinely now now you were the one glitching out hardest
hardest could be and i think and i think was a hardware issue not an internet issue because
yeah you look like the only one that's safe right now. Am I still glitching? Am I still frozen?
No, now you're good again.
Your voice is not as safe slightly,
but you're fine.
Interesting. Well, anyways,
I have
I have like, I don't know
how many computers in this room right now.
It's ridiculous.
I probably have more.
That's okay.
You probably do, but I have like two imacs another two towers
the my old mac tower and like six mini pieces
there's like three stacked up right there under the tv um that's what happens when you start
messing around running notes look at everyone, everyone knows the format of it.
They're like, even if you click on YouTube, they're probably watching in 1080 or something else, but they all know his format that action selected for today.
Blue, thank you for joining us and everyone.
Thank you for everyone who's tuning in.
My guy.
Oh, okay. You got to give it to us,ki that's what she said anyway give it the news thing
so i do have the news um do you want to change can i share a screen yes you can
so i know this has actually been a long awaited topic and people have been bringing it up for
probably the better part of let's say two to
three years now but circle we got it we got it we got it hang on um we can't see anything
it's way too small so you want my guy we're at the screen out to the right a little bit as well
because you got a little bit more room to play with yeah there you go keep it going keep it going
keep it going and so it hits our face yeah Yeah, that's better. Now we can read.
Continue.
That sounds so bad.
Continue.
All right.
So we have Circle, the issuer of USDC.
They actually have started to move forward with their long-awaited IPO offering,
actually getting JPMorgan and Citi going in on this with them
to hopefully get the filing done late April.
I know a lot of people have been looking forward to this.
And then on the other side of things, basically everyone that loves Tether is not as excited about this.
But it's going to be interesting because this is a stablecoin moving forward with an IPO.
It's going to be stock related if you prefer the stock market
instead of playing with crypto but you still want to get some maybe access to it this could be a good
entrance opportunity for them yeah people who trade stocks could put their money in that assuming that
crypto will do well without actually having direct exposure in in crypto and no i think it i think um
that could be big and you know like you said there's people probably over usdt that are not
exactly thrilled with this there's probably lots of others that are you know sticklers to like how
crypto should be and probably not necessarily stoked on on big banking and big institutions coming in. But look,
I think we embrace changes like this. We make sure that it's sort of in sync or helpful to
what's going on. And there's going to be some serious money coming in. And people who've been
investing for a while will actually see returns on their gains. And it won't be by just dumping on others because the market will continue to grow
past that point of like you dump and it comes back down.
We're at that earlier stage.
So I don't know.
I think there's some really good things that have been coming up lately.
It's surprising we don't see a lot more market movement being positive
to reflect some good news.
Which is kind of what I was bringing up earlier, because you see so much of the sentiment regarding everything going on with Trump and the Trump family and how it continuously is bringing down, quote unquote, the name of crypto or the brand of crypto.
And yet you still have all these major institutions making significant headway, significant headway in how they're going to be
bringing about these changes. So it's really interesting that even Cointelegraph is putting
this up as, hey, be ready. Late April, there could be a genuine IPO as far as what USDC is doing.
You know, with the whole Trump stuff or Trump family and crypto because like we saw with the election a bunch of
positive stuff i have mixed emotions at the motive now i don't care at the end of the day i want
crypto to go up however it gets there and however adoption and we move forward so be it but i almost
feel like the like and it goes to that article that's clickbait a tiny bit. Are they bad for crypto or different things?
Do you think the family or people with them or just anyone who's got big money in a power position is saying,
hmm, there's a really easy way right now because this isn't regulated and there's still a lot of framework that needs to be done,
still a lot of framework that needs to be done that I can get ridiculously wealthy or provide
just generational wealth, no problem before it kicks in basically like money grabbing
before the rest of the world could do it. And, you know, I mean, I'm not just saying his family
would do it, but almost anybody in that position I would think is going to be seeing how they could
personally enhance their, their pockets. And along with anyone around them when you have something that's unregulated,
essentially. So I don't know if the motives are true to like decentralization and we need to
bring everything here. I think it's more like, hey, we need to all get riches first. And then,
you know, we'll talk about those other things that's that's very well
you know but hey need bags to go up i think we've all been waiting a bit this moment so you brought
my flux um you know what really blocks my chain you know it really blocks my chain
that we need to be rich oh look it you guys weren't lying
somebody did say I was glitching
that's weird
I have like
no it was pretty bad
that's why we didn't know what was happening
it's actions thing was just spilling over on it
now it's going to happen to you
because on my screen you're in the middle
so you're due to get some bad internet now
I'm safe
super safe I'm safe.
Super safe.
Yeah.
Are you... I'm hardwired in. I'm not even Wi-Fi'd anywhere.
That's like gigabyte
internet. It's fiber optics.
Yeah. Sounds about right.
Probably going to be okay.
That's what I thought. And then action
just somehow took me down for a bit.
What was that time?
Saturday in Spaces where you were
catching some of that West Houston
internet or East Houston internet
or something like that?
action, what are you doing? I see you
quiet, so you're plotting.
So he's probably bringing anyone
on uh i might bring somebody on um but i am trying to get you guys more info because
um out of uh what do you call it mining disrupt there were a lot of announcements a lot of things
that were going on over there that i thought were pretty cool um including i can't believe they even
had that conference though i mean once i
heard that you weren't making it they should have called it all you're hilarious i wish i would have
been there dude like it definitely hurt deep down seeing all the homies hanging out having a good
time um and not being there so yeah i i'll be there next year i gotta be there next year there's no question about it um but yeah i mean people are still at it yeah no and that's what i'm saying like things
are still going on with caspa uh you're i'm gonna call you the quant guy for today scott uh what's
going on caspa can you pull the chart real quick casp casp is like it's six cents caspa is i know
can you pull it up we we we gotta see the actual chart though
because this should be fun um anyway while he's bringing that up let me show you guys
y'all something here real quick uh boom that tab right there um so ice river still added so they actually put out a uh cast new cast miner so ks7 um both light and like the the beefy
guys so they're also going for the route of like let's go ahead and try to mine at home of you know
at your desk what gold shell usually does um i know this might not make sense to a lot of people
but this is kind of a big deal for the people that actually care about caspa because if they're still
making miners um the miners manufacturers still believe in it which means
that the hash rate won't go down but yeah but yeah but minor conspiracy like theory is
you know they're like let's announce the release like okay we're gonna start shipping these on this
date right so people expect to get those in hand.
And the day they get them in hand, everyone sees hash rate go up, right?
Everyone's turning on these new miners, supposedly.
What I believe is that the miner manufacturer on that date, when now everyone gets these units,
are putting the newer ones that they aren't even advertising yet online at their own facility.
That they're already online with the next model.
And they're like, hey, this is that.
The jump in hash rate is people who bought coming online plus the thousands of units on the next model that's coming out a year from now.
You know what I mean?
So I'm near positive there's shady stuff going on like that
in mining which is unfortunate there's always interesting things happening like the manufacturer
just killing it every which way they're testing it the machines guys they're just exactly they're
testing it but just making cash like hand over fist they are so take a look at this testing this
thing here just zoom out real quick on that chart?
You got to zoom out because people are saying like on the chat right now that he got in at, you know, two cents.
That's not bad for where we're at now.
But it has been a slow rug over the last... Back to December.
What?
It makes me feel bad because I know a lot of good people that are in caspa
it's just yeah it has not performed look at this it hit 20 cents in july yeah
which is a really nice nice little bit for somebody they got in that two cents
anyway there are more things happening let me go back to this screen um something else i just made a purchase and i want to let y'all know
about this because i try to disclose things and it's thanks to this guy over here you see this
guy over here say hi welcome welcome hi you know this let me get some banners on here so that
people can see who's who um hey don't be shy introduce yourself uh my name's zach
but online i'm suburban i am a hobbyist minor not not the hobbyist minor but i know just enough to
be dangerous you're a nicer guy than hobbyist minor i hope he's watching yes I could pick him out of a lineup.
That's about it.
No, nothing about the guy.
But I'm really fascinated with mining in general
just because of the decentralized nature of it.
And I think what we're about to talk about it,
I think is really cool.
I've been a GPU miner for a while
and I'm a huge fan of the,
the bid axes. I don't like the low terror hash,
but I like the decentralization of them.
The fact there's 10,000 of those things out there is amazing.
Instead of like what you guys were talking about with Casper.
Once I saw that marathon was buying a KS five pros,
was it last summer? I knew it was over for Casper.
Cause I mean, i was spec mining that
thanks to son of a tech gosh i think it's been two years ago so i applaud people that got in
at two cents but imagine getting 0.0002 cents when you're gpu mining it when there wasn't on an
exchange and i also think more of the manipulation with caspa is with mech c than anything else
think more of the manipulation of caspa is with mech mech c than anything else oh we saw that yeah
we saw that on the chart pretty bad
mech is notorious for uh for uh wrecking charts literally horribly so
no real reasons adding clients for that have okay, I'm not going to lie. The amount of people that I've met that work for Mexi across the continents.
Continents.
I'm telling you continents.
Every single conference I've ever gone to, I've met at least five.
At least five that all say that they're actively working for Mexi on adding accounts.
And I'm like, what in in the world how are you adding
every single token possible and then you hear like oh well we'll get you a commission and every
single one of them tells me i'll get you a good commission and i'm like how are you all on the
commission team i was every single one of you doing this they're basically selling they're
selling tupperware just calling it crypto everyone thought it was like you know okay great i could get onto a bigger exchange
get onto mxc and like i don't know maybe what a couple years ago some of these tokens like
actually fought pretty hard got on there sort of like a breakthrough but like it went sour really
quickly it almost turned in overnight that hey we'll list anybody if you just give us some money.
And then there was the, oh, you have a decent bit of volume.
We'll just list you, not even necessarily tell you.
And then the deals they did with all the projects, I think a lot of people learned from that on listing that it's probably best to, I don't know, just you got to be careful of those signs where they're just going to have that allocation and then just dump it on everyone well all right one thing i would
say sorry with caspa they probably have the most passionate community followed up by xrp which
neither one i i uh more power to folks
that invest in them but I appreciate
their passion it's just not for me
what's it called I guess it's
different now with Casper but
what's the dude who runs it Shay is that
his name or what not that guy
he what's it called
he blocked me on Twitter
a while back but i guess now with the
rules yeah now with the new stuff like i guess i'm not blocked wait why did he block you because
he's always like ranting and complaining about stuff and and bitching or something and i and i
commented because i see it i saw it all the time i was like do you actually work on your project
or do you just spend all day on twitter kind of like, you know, just talking smack.
And he, he said something like,
I do more in like a day than you do in a year. And I,
and then I replied with something like a challenge accepted, you know,
like when, like, I doubt that challenge accepted. And then I got blocked.
I'm like, all right, well, whatever. You know, I was like,
one less distraction.
Scott, it is 9.36 for me, and I forgot to tell people to like and subscribe and make sure they're sharing this stream out.
Kind of funny thing.
I won't say the name of the platforms that we're on or anything like that because one doesn't like the other.
When they catch it, they actually de-boost you.
So when you say like the video, video people actually like they actually now have a
little animation that shows up a little thumbs up they go like bring you to like it it's pretty cool
kind of like sort of sort of like a turkey hey yes all right so i gotta give credit to suburban
um suburban you're gonna go off screen come back in a second. Let me bring you back up. There we go. You're on.
I'm going to
share the screen, share this tab.
I just got one of these guys here.
This Octominer
for $300.
It showed up already?
Hasn't showed up yet.
I'm still waiting for it.
I want to make sure I got to share this it wasn't that the curveball to this whole thing
you're like yeah i got this if i don't get rubbed on it like let's see what happens those things
are amazing so they had over 4 000 of these things in stock over the summer um so they shipped them this isn't like he's it should show up in form yeah they sent us a little
bit bigger i hope that you do an unboxing because i swear it must cost them 50 bucks just to ship
these things like it's phenomenal it's and there's not a speck of dust on them so the cards are old
but like seriously it's i think that this is the best way this is the bit this is the eight the
GPU version of what a bit X is it's low barrier to entry it gets people they can start spec mining
they get familiar with GPU mining without going out and buying the greatest cards like this is
the real decentralization and it has to have a low barrier and so 300 bucks i mean that's that's cheap that's
really cheap and they they're legit so you can get one with the 470 cards in it or without but still
i mean it still has the octo sensors in it's the the the 12 card motherboard i mean the psus i mean
it has everything it literally is it's It's the easiest thing to do.
Isn't the case itself without the cards technically a lot more than that price anyways?
Like, what are they retailing at $100,000?
So regardless if it's got cards in it or not, $300 is just super cheap. But to have, like you said, to have the cards in it so that the barrier is even lower,
it's like you don't have to worry about anything.
Plug and play, get up to speed learn spec mine whatever i mean and then a simple search or
looking on crypto twitter or listening to action on the last stream i think gets you a coupon code
and you probably get it less than 300 anyway right there i'll put it up so many people can see it oh it went away that that's it
so i want to share with y'all that you know zach is the one responsible for me spending stupid
money um on things here so yes it's his it's absolutely his fault are you gonna show the
other thing you bought because you gotta show the other thing i did show the last
stream we had it was it was not the wisest purchase i've ever made come on man i would i think you're
you're looking at it all wrong i think it is the absolute best purchase you've ever made
and why would you say that because it's a conversation starter everyone's gonna it's
like if they don't if they don't know who action is anyway,
there they'll be like,
look at those fresh kicks.
I got to talk to this guy.
And if they're hungry,
you can be like,
no dude,
I got you.
Here's some Pringles.
That's it right there.
I mean, you're going to wear them in Dubai, right?
Did you really order those?
Yeah.
The Kringles.
They're coming.
Action's going to slowly transform into one of those mascots that you see at the conferences that are always dressed up and have to maintain that look.
You're thinking of Mickey. I'm sorry oh hey i give credit to a lot of people that do that because it's hard like even you know like some of the attire that's weird between
cold weather environment and then you know like singapore or dubai you're like
but hey you you know,
I'm glad my rope thing
just stuck to the show,
actually,
now that I think about it.
Scott,
I gotta go into this.
Zach,
you're mining with the Octa Miner and you were talking about Flux.
Break this down for me
as far as Flux is concerned
because I really,
yeah,
because Scott apparently
already has a sponsorship
and is getting paid
to wear that hat.
No, I wish, but no, i wear it because i like flux so so like does it make do you do you feel that it makes sense to to mine flux with something like that on those older cards because i've got
a couple of my friends that i've got into gpu mining and i've shown them how to spec mine, but usually it starts out getting them on,
on hive and interacting in there.
And then usually it's flux or Dynex mainly because it's not on
Kapow and it's doesn't use a ton of power and create a bunch of heat because we're
getting into in Northern hemisphere into summertime.
And that's always a concern.
And the more heat because it's always a concern. And, you know, the, the more heat, because it's
those octaminer cases, it regulates the temperature and it'll just spool up those fans to like
deafening levels if it gets too hot, because those cards don't have fans on them. So like,
do you think that it makes sense for someone to start mining flux and with something that old?
And the reason why I say i say yes it's not so
much the flux it's the parallel assets which make it so lucrative i mean me personally as far as
mining i've gone the route of actually just doing nodes for uh for things and i'm not i'm not mining
but i could see putting you, one of those machines on
to do it. Parallel assets, you're right. You know, I need to even, I need to actually check that on
my, I know I took some of them off, but I'm sure they're back. I'm sure they have gone up, but
I don't know the, the, the hard thing. Wait, no, no, the answer is yes, Scott. Look, look,
look what Blue said. No. So it's the opposite of what Blue thinks.
No, realistically for me though with mining is years ago or different stages in the last decade, there was time and place where I'd want to or I even have a long time ago.
But more so recently in the last few years of what I'm – just the way my life's been and the way the market's
been i'm like do i mine and buy miners and or do i just dca into some of these projects and
you know at the end of the day i actually think i'm probably further ahead at the moment with my
dca versus dollar spent that that route but i'm sure there's lots of tokens out
there that were all right sky just spent five minutes talking about absolutely nothing and not
giving a straight answer to oh my gosh that's not true so i i guess what you're saying sky i i hear
you but at least for me like once you get to a certain level of mining, it does pencil out to start an
LLC. And that's what I did a few years ago. And I'm also very fortunate where I'm at in the
Pacific Northwest. Power is only, I think on my demand meters, 4.3 cents per kilowatt hour.
Plus I have solar offset. So it's so, but what I'm getting at though in in the in the like you can use your
electric bill as a tax shield versus dca in because the way that the laws are right now
that isn't that is a taxable event when you're buying that that that token so it's for me it's
more like it's it's a it's a tax, but the bonus is you're still decentralizing things by mining stuff.
So it was a bit of a load of pressure.
No, LLC, I'm sure then you write off everything.
Electric rate that low plus solar.
I mean, you're printing.
You're printing money like that.
Go to action.
Go move down the coast a bit.
What's your average rate 70 cents 70 cents 50
cents a kilowatt somewhere in that range 70 cents and what's your low rate what's your off rate 30
cents well okay low is 40 super low is like the 15 but that's only low overnight when i get to
charge the car what do you average with your solar then? When you average everything down,
do you get to like 10 cents or lower or close to it?
Do you think?
Yeah,
because I use way too much electricity.
That's my problem.
Yeah.
I know those lights he has on.
I need to start saving guys.
The background is going to look a lot more.
Yeah. I need to start saving, guys. The background is going to look a lot more. I can't afford to have the love on anymore.
So Action doesn't print.
He pays drastically if he decides to mine.
But no, you having the electric and all that set up and you're doing it as a business with the expense and the write-offs and everything and then also in the winter uh i'm sure you could the heat generated by machines i'm sure you could use to
you know heat basements other spaces depending on the setup but a lot of people use the miners uh
in the colder months like that yeah so what i take what i do is i created i made a little uh
solar wood drying kiln which a lot of people
I'm yet to post about it because I don't want like my neighbors because it's not a permitted building
but I will run my asics in there and I drive wood slabs for people and they pay me to do it
so um so not only are the asics creating heat but they also I'm getting paid it's like a dollar 20
per board foot
to dry wood slabs for people to have a woodworking business as well on top of everything else
so that's amazing it's pretty cool stuff too you should check it out
yeah no link me um no that's awesome talk about that's like using every bit of it being able to
write off using the heat i mean oh yeah it makes
complete sense hats off to you for having uh for having that setup that way yeah just it you get it
instead of having that heat be a negative thing it's finding a way to use it in a positive manner
um and if i had radiant floor heating in my house i would have a whole different setup but
uh in the next home I will.
That's actually a good idea too.
Yeah.
And then run all of that through the flooring.
So like 20 years ago, I'm dating myself here.
I was part of a project where they're building sustainable housing and we, in the backyard
of this home, we staked a bunch of straw and then we ran pecks along
the the ground where this in between this like straw imagine like a big u-shaped thing like
where they would drop gravel except made out of straw and then a local tree company dumped wood
chips on it and so basically slowly decompose and we ran glycol through it and that's how we
heated this garage and the walkway because it took
five years for it to decompose all and and so when you're done you know this like four foot thing of
wood chips ended up being about i don't know four or five inches but it was like this amazing black
humus because when they where this area was at it was just like impervious clay. So, yeah.
So what I'm thinking was like something similar to that,
except for a home using ASICs.
Can you,
can you tell why I like Zach?
Yeah,
it's pretty cool stuff right now.
Yeah.
Offset a bunch of,
a bunch of other bills and expenses while essentially printing your own money to pay the small amount of overhead.
I'll tell you the other thing with Zach, man.
I love people that are not afraid to hustle and just stacking sats left and right however they can.
This guy has no shame in door dashing for sats.
He won't spend the money he makes on door dash, but you're accumulating Bitcoin.
You have nothing to do? Go do something.
Don't stick around on Twitter all day. Just shitposting left and right. Go do something
with your life, man. I don't know how else to say that other than Zach is a poster child for
success when it comes to hustling and getting things done. Right, Zach?
I think that, yes. thank you for the kind words.
Everyone loves affirmations. I think that if I'm commuting from the nine to five, which is getting
ready to be sunsetted, I have no problem going in and door dashing. I think it's fun. I have a bunch
of deep end stuff in my car, so I'm actually making money doing that as well. And, and all of the Bitcoin goes directly to my fold card, which has the lowest fees for
buying Bitcoin. And yeah, that's where I buy Bitcoin and I self custody I look at as I'm
buying time for my future self, because I have a 10 year plan that I'm four years into, and six
years I need to be done working because I'm over it and that's how you make it into space man
actually having plans and sticking to them it's pretty awesome i really do love that
hats off to people who are mining at because without them mining there'd be
nothing for the people who aren't mining to uh to participate in good point true very very we
wouldn't be where we are without that backbone essentially uh here in crypto and
blockchain so proof of work's awesome man i love it oh dude i'm not what's that why y'all i'm always
i said thanks for coming out and like sharing a little bit of all that stuff but why do people
think i'm plotting when i look left and like, oh, that's cool.
I'm just looking at something, okay?
I'm not going to brag.
Okay, you know what?
Let's talk RWAs.
You know what?
Let's do that.
Zach, you sticking around until the end of the stream?
Yeah, yeah.
It's month end.
Just my day jobs.
It's real climberous.
What's that?
What's an RWA?
What's RWA?
Real world asset.
What does it mean?
What can an RWA be?
It can be anything.
You can tokenize anything, whether it's a comic book, real estate, car.
You can tokenize anything.
So just a heads up.
If anybody decides to jump on stream we're gonna quiz you on stuff
but the cool thing that i want to share with you guys is uh i know we've talked about this before
right scott but um you know big red big red rda play um you bought one for 600 right
yeah he's got the money for it so 600 bucks So $600 was the mint price. How much is this NFT now?
Do you know?
Not offhand, but if I had to guess,
it's probably like $2,000 to $4,000 range maybe, minimum.
I don't know.
Check, has they got the link to secondary?
The cheapest one you can buy is $121 AVAX.
That's about $19 AVAX.
How much is AVAX right now?
I'm rounding up. It's. so 121 times 19.
is that what i said yeah that's what you said about 2300.
yeah there you go so talk about an appreciation this is the way to do it guys like stuff like
one of these sold for didn't once sell when the market was a
little bit better like a month or two ago for i think it was like six or eight grand or somewhere
around there so yeah it was popping and again the markets are down right and like stuff's still
going um i want to make sure i hit rwas before the end of the stream because like this is a way to
hedge against some of these things right figure out what's actually real what's out there what works
and jump on it i am so happy to have one of these nfts you know that right scott
which ones you can show a different one or the same one that we were just talking about
big red oh big red one i'm glad you have one yeah me too i'm very very there's there's lots of cool
things even besides just the horse racing part.
And I don't even think we got to it on any of the streams, but they bought a property in not too far from the farm.
So any of the holders of the NFTs that are participating will get, and they're working on, I guess, the website and the app in order to book it.
But you can get X amount of days to stay there.
Then you can visit the facility or do what you want. And then I think if there's any extra time
from there, they're going to let, uh, token holders participate maybe on a, you know,
with some sort of, I don't know how they're going to do it, you know, maybe free night for them
based off of, but I mean, that's still a thing that was sort of a curve ball in my mind where
you're expecting them based off what they
were doing which was building out the horse stable which they have been doing and then
now there's a place where anybody who holds the nft or his part can participate and go out there
and saves you a few bucks to do so so interesting yeah it's a big win-win all around to be honest
with you like i'm super excited the way they went about doing this just because you don't see it done right often.
And shout out to...
I'm going to bring this back up because Toki loves it.
Shout out to the Trump administration for making this thing not illegal.
There have been so many things that comes down to nfts and how we're going to progress where
there was just no idea what it was you didn't know if you suddenly had broken a law there's a
bunch of people overseas where they're like am i going to be arrested if i go to the united states
because i own an nft and you know how weird of a question it was to be asked in a discord and i was like what like is that what you're worried about and they're like well yeah i don't i don't want to
like show up and they'll be like do you have nfts and then i just get deported it was like
i guess i guess i never thought about that now we're in reverse now it's just like everything
has to be out of the united states it's like that's it your crypto company has to be out of the United States. It's like, that's it. Your, your crypto company has to be here now.
Hey,
talking,
why would they get deported?
Bro,
if I understood your papers,
you had to file for papers for your NFT.
There's so many,
I like the amount of questions I get asked in a discord on the day to day.
I am so confused by what people think happens in the United States of America.
That's why I don't use discord and I dislike discord.
And the benefit of that is that I don't have to do that, what you're doing.
But I also truly enjoy discord and getting to talk to communities and, you know, being, you know, an active member in society in regards to what i'm actively
working on inside of crypto so it's very helpful in that essence oh i just i just don't like that
the discord interface and app and all the junk and spam message requests through it nobody knows
it's just horrible i gotta say the video options as far as discord goes and the ability to
organize and manage inside of Discord has been
exceptional over the past few years.
I'm going back to Ventrilo.
I was going to see
if anybody...
Is that even an option?
It's always an option because you can run a server
on any machine.
I guess so.
You broke my mind
for a second. All guess though it was just like you broke my mind for a second
everything all hopes and dreams were just uh everything imploded for you no i just i don't
know discord just seems so spammy for me i'm just like telegram twitter good enough
so or unless i get dragged in so i don't know i missed the beginning of the space so apologies
if y'all already talked about this but but with what strategy just bought, the amount of Bitcoin they bought, has anyone like just the back of the napkin math? That is, they, they bought 49 days of Bitcoin emissions off of base, the OTC desk. So it's just insane. So if you look at the amount of Bitcoin there's roughly 450 btc currently emitted per day
divide what they bought divided by 450 it's 48.99555555 forever uh btc so it so one and two-thirds
months they bought uh so just to replenish what was on the otc desk now or from what they bought it would take you know
1.2 1.6 months basically to to replenish that it's i don't know that to me the glaring thing
with the market it's not so much price action supply shock 20 yeah 22 048 bitcoin is what they bought? $22,048. Yeah. So you get the supply shock.
Pretty much.
But it's OTC.
People aren't feeling it.
It's like they're not feeling it until they do.
You know what I mean?
So it's like a lot of the OTC stuff that happens.
People are not realizing.
People are not paying attention to it.
It actually comes to full fruition.
And people see it on the charts.
So shout out to Scott Fu.
You know where Scott was?
Yeah, hanging out with that guy.
I am not plotting, I promise you guys.
I'm never plotting.
I just want to make sure that we know what's going on.
And anyone, like, you know, how I said earlier,
how I'm a proponent for those bid
axes it's not once again it's more for the decentralization but i don't mind bitcoin with
my bid axes i mine bitcoin cash fractal bitcoin and and dgb on mining dutch because there's a
bunch of different coins that are merged mind on shaw. I've hit a Bitcoin cash block and got my 3.125 Bitcoin cash and I got paid out
in Bitcoin. It was in the, I can't remember. It's like Emmer coin,
all these different, seriously, it's like seven different coins that you merge mine.
So the mining Dutch interface is kind of wonky,
but I'm telling you, I would, it's a difference that's still a lottery ticket.
It's a difference in buying a scratch off versus buying a Powerball. Powerball being the Bitcoin,
scratch off being your Bitcoin cash. You're 2000 times more likely to hit a Bitcoin cash block
currently. Because if you look at the hash rate on, just on Bitcoin, it's melting faces.
And the fact that hash rate is, I mean, it looks like a hockey stick
and then prices basically trading sideways.
So just my two cents.
If you're going to buy a bid axe,
at least try and make some money with it.
Yeah, I mean, the making money aspect of it
is kind of important.
For historical purposes,
I just want to put this up here real quick we're not scott but the charts itself um what are we at so last
day of march the 31st of march bitcoin sitting at 38.3 i just want to be able to come back to
the stream and take a look at it and say this is where we're at solana sitting at 126 what else we got dode sitting at almost 17 cents
cardinals almost 66 cents uh ton this is actually one of the biggest winners so we're sitting at
four dollars and 11 cents uh if i bring it over to biggest gainers and losers it's sitting at the
very very top but not too far behind it uh our homies over there at EOS are doing okay.
But they're no longer EOS, right, Toki?
No, they
are not. Do you know their new name, Action?
Volta.
What?
Did you just answer
the question as you asked of me?
Yeah, you weren't
speaking fast enough for once.
Oh, okay, yeah. No, I know I did that a lot.
That's what the last three four hours look like.
It doesn't look that great,
especially for people that are investing in this scam token called Pi.
Oh, I thought that was PP.
Yeah, PP is down, guys.
The PP is down.
All right. yeah pp is down guys the pp is down um all right and we're literally at the 24 24 on the fear like
right right oh yeah we dipped into the 20s a little bit earlier here this month we're back up
like this is not good it's just not good um i don't care. I'm still buying stuff. It's fine. I'm still mining it away.
What are they afraid of?
I guess this.
The fact that we're in Bitcoin season exclusively, not even close in all-coin cycle right now.
That must be why.
But Zach's got a phone call coming in.
You got to answer that, Zach?
Sorry about that.
It's month end.
Everyone wants their street sweepers.
Great stuff.
All right. Toki, any
final comments for us today?
Scott.
I'm good, too. See you on Wednesdays.
Wow. Did I just talk a whole
bunch this stream?
You know what, Zach?
I'm going to go to you.
Zach, talk to me here.
Is it worth mining?
Is it not worth mining?
Where are we heading in this cycle, you think?
I think it's worth mining to accumulate.
Hey, what's up?
But it's not something GenZio is afraid of.
If you want to survive, you've got to build a house.
What do you know?
You do not understand.
You said we did not understand.
Three.
I feel good.
Ladies and gentlemen.
Rebecca's Gen Z on the new house.
Awful, thanks so much for joining us today.
