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GM Show Ep. 4: WTF is Ordinals & BRC-20 with @huuep of @OnChainMonkey
Recorded: June 1, 2023 Duration: 1:09:12Space Recording
Full Transcription
Mic is on.
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GM everybody.
My name is Casey.
Hi, my name is Karen.
Welcome to a new episode of the GM show.
Karen, how are you doing this morning?
I'm great.
It is hot here.
Oh my God.
Summer is here.
It's hot in Hong Kong, hot and humid in Hong Kong.
But hey, the action is here on the GM show where we're talking about ordinals and BRC20 with Danny from On Chain Monkey.
It's going to be an amazing show today.
So stick around.
We're going to talk about it in a 101 level because Karen and I still don't understand what it is.
We've been reading about it.
We need a lot of help from Danny.
So that's going to be exciting.
But first, Karen, what is the GM show?
What is it all about?
If you're new to the show, welcome.
This is the GM show.
It's not a meme land show.
The ABC of the GM show is Asia focused, builder friendly and cool vibes only.
So if you are not following us, please follow me land.
Please follow GM show official.
And we're on this court and also YouTube.
This is streaming live at GM show official YouTube channel right now.
Yes.
And also, if you missed the episode, all the old episodes are on the Twitter feed.
But we're also starting to put them now onto Spotify and Apple podcasts.
So you can listen to them if you from a podcast app.
So you can listen all the time.
Last week's episode with Luca from Pudgy Penguins I thought was really well done.
He was amazing.
He told us so many great things about building Pudgy Penguins into a big company.
So we're trying to like find the builders that are doing great stuff that are relevant, timely right now,
and bring them on the show and kind of talk about what they're doing and how they're doing it.
And hopefully influence and inspire a lot of people to come and build in Web3.
But before we begin the show, we have a message from one of our shareholders.
What is discussed on the GM show is not investment advice.
We may or may not have ownership interests in the projects we are talking about,
but this is not investment advice in any way, shape or form.
And this is not Sir David Attenborough.
And let's go.
All right.
Great.
Thanks.
Thanks, Sir David.
Thanks, Sir David.
Yes.
We're going to talk about a lot of stuff, but this is not investment advice, as they always say.
So we want to make sure everybody knew that, especially today, especially today's topic.
We're talking about Bitcoin ordinals.
It like I said, it'll be about a one on one level to introduce a concept for Web3 builders about building in it or staying in this ecosystem.
They're already building in.
We want to, you know, color the conversation right now with a GM show point of view.
And before we bring on our guest, I'm going to bring on a friend who is going to, we're going to have a new segment we're calling Bitcoin Maxi Madness.
All right, Chris, Chris Constable.
How are you doing?
Just living the dream here in Vancouver.
How about yourself?
Yeah, we're very good.
Very good.
So Chris is an industry global expert in privacy and information security and the founder and CEO of Token Ocean and is an advisor for blockchain technology startups.
Chris, before we begin, tell us a little bit, like how long have you been in Bitcoin?
So we know that you're authentically know what you're talking about.
Well, so I got moved to Vancouver in January 2014 to do security for one of the first Bitcoin companies.
So 2014, I guess nine years professionally.
Okay, great.
So you've been in the world for a while.
And you are based in the birthplace of the modern Ethereum NFT, which I consider it Vancouver.
And you've been telling me since 2020, since I was there during the pandemic, that I can mint NFTs with Bitcoin, but I didn't listen to you.
But now it's all happening.
What is your quick take on what's happening now with Bitcoin and NFTs?
Yeah, so I mean, professionally, I work on layer two Bitcoin, specifically, the network I work on is called liquid.net.
And so it's a layer two protocol that offers confidentiality as well as tokenization, both fungible and not.
It's also worth noting that Vancouver is not only the home of what we know as Ethereum NFTs, but Ascribe.io, which is the OG of Bitcoin NFTs 2013, I think, is here in Vancouver as well.
Amazing. So you're intimate with the Bitcoin community.
How is the community reacting to ordinals?
I mean, this has not been around that long.
There's a lot of pros and cons I've seen, but what are you hearing from your immediate community?
Yeah, well, I think, I mean, the obvious one is just the amount of traffic that it's taken up on the Bitcoin blockchain.
And a lot of people who are referred to or self-referred as Bitcoin maxis are more about Bitcoin being like a, you know, an energy and a monetary system.
And so they are a bit religious about keeping it just used for that.
And so I think it just depends on where you stand on.
I think it's an interesting observation, though, is like if it is going to be censorship resistant and it's going to need to be able to handle technologies like this.
Right. What do you what are some of the challenges you think besides those kind of things that you're hearing on the BRC 20 protocol besides, you know, what you just said?
Well, I think, I mean, correlated with the busyness of the mempool, there's also a transaction fee challenge.
So for people who are working in like I'm involved in projects in Africa, for example, or in countries who are developing countries where every sat matters or every penny matters, you know, if you're in fiat.
And so if all of a sudden to transact costs a lot more to do on chain Bitcoin, you know, sending around pictures of frogs to be a bit facetious is going to cost you a lot more when people are trying to provide their livelihoods.
Now, there are layer two protocols that solve for this already. Thank goodness on the Bitcoin blockchain.
OK, great. And I guess the last question just quickly, are Bitcoin people looking at it or is it just something on the peripherals?
And is it or do you think it's mostly like these people who come from Ethereum or Solana who are like more used to NFTs and like look at it as a as a speculation event?
Oh, I would say by far the people who are participating in ordinals or inscriptions are the people who participate in the more speculative asset side of NFTs or what we call image PFPs by far.
There's no question there. I think the Bitcoin community is paying attention again to the effects of it.
And I think, you know, to be shed a positive light on it, there's also with all new technologies, there's always opportunity. Right.
So it's just a reminder of is this glass full or glass half empty mindset?
Where are the opportunities from this innovative technology that is moving really rapidly forward?
So I think there is opportunities, but there's also some caution that we need to think of, you know, not just for ourselves, but who is this impacting negatively and why?
And so just keeping that perspective in mind, I think, is always important with new technology.
OK, great. I know you have to run your half to a Bitcoin hot tub party or something.
Yeah, Bitcoin mining cookout based on Bitcoin mining, which is pretty exciting.
What is that? Just tell us what that is quickly.
Well, so there's a local company, actually, mintgreen.co, if you've never heard of them.
Super bullish on them. They've got the first city contract in the world doing Bitcoin mining for a city to help manage heat and energy offload.
So super exciting. And so while they've been testing, they've got hot liquid there, hot enough to cook stuff.
So let's let's celebrate any way we can.
OK, definitely post pictures of this on your Twitter.
If you want to see the pictures of the event, follow Chris.
His Twitter account is CQWWW.
Chris, thanks for your time. Appreciate it.
Thank you so much.
Thank you so much for having me. Take care, guys.
OK, so OK.
Pretty cool, right? Pretty cool.
Yeah, I want to be a cookout, like going to a massive party right now.
Yeah, I like the idea that Bitcoin mining is so hot that they can use it to cook food and power hot tubs and things. That's crazy.
Yeah, it's amazing.
It is amazing, right?
So we're going to hear a quick word from our sponsor before we get into the deep dive interview.
Who's our sponsor today?
The GM Show is not brought to you by Spotify.
Find thousands of podcasts you like just like this one and listen wherever you go.
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Not Spotify.
This is a big sponsor.
Obviously, that's not really a sponsor.
But if you're interested in sponsoring the show, let us know because we'll read your message in a special way like this one.
We're very creative.
So if you want to sponsor, let me know.
Yeah.
All right.
Let's talk about the main event here.
The main event.
The main event.
Bitcoin NFTs are non fungible tokens on the Bitcoin blockchain.
They are created through an inscription process using the ordinals protocol.
Each Bitcoin NFT has a serial number or ordinal that is imprinted on a single Satoshi.
I don't know what I just read, but it sounds exciting.
So let's bring on somebody who actually knows what is going on here with the whole world.
And so all the way from the on-chain jungles of Asian Wakanda, high atop the threshold of Monkey Mountain, illustrious Bitcoin inscriber, founder of the Stanford Bitcoin Meetup, the CEO of Metagood, the company behind on-chain monkeys.
Please welcome Danny Yang.
Hey, Danny.
All right.
Yeah.
Great intro, by the way, Casey.
Yes.
Yes.
Danny, we're super excited to have you here.
So is your community, apparently, on Twitter.
They're super supportive of having you on here.
So are you ready to get into some, well, basically, one-on-one for us, BRC20?
Absolutely.
Let's do it.
Is our guiding light here yet?
Karen?
Yeah.
I mean, what is BRC20?
All right.
BRC20.
BRC20, well, I guess we should start with just what is an ordinal, right?
Yeah.
So, you know, ordinals are, you could say, digital artifacts or NFTs on Bitcoin.
And, you know, Bitcoin, everyone knows Bitcoin is like the OG, you know, blockchain, the cryptocurrency.
So that kind of the history of Bitcoin, though, is that, you know, it's just very hard to do stuff on Bitcoin.
The scripting language by design was very restrictive so that Bitcoin could be very secure and, you know, be Bitcoin.
And over the years, right, the Bitcoin core team didn't want too many crazy things on Bitcoin.
So it's very challenging to do something like NFT.
That's why, for instance, for example, Vitalik, right?
He wanted to do smart contracting.
He wanted to do it on Bitcoin originally.
But it just wasn't possible for him to do, you know, back in, you know, 2013, 14, when he was talking about this.
So then 2015, he started his own chain, right?
Ethereum.
Yeah.
You know, many NFTs are on Ethereum because it is very permissive for applications and so on.
Well, the great thing about Ornose is that we have this new protocol.
It's actually very simple.
It sits on top of Bitcoin.
It doesn't require Bitcoin to change anything.
And it enables NFTs and actually many new things that people haven't even talked about or dreamed of yet.
And basically, the Ornose protocol makes Bitcoin very permissive, whether, you know, Bitcoiners like it or not.
And it's actually making the whole, you know, Bitcoin block space very valuable.
And then transaction fees, you know, being higher.
It's a sign that, you know, Bitcoin, the blockchain, the block space is valuable.
It's, you can think of it as, you know, the most valuable, you know, digital real estate in the world, right?
This, this block space where you can store things on Bitcoin.
Okay.
So going back to Ornose, what does that mean for Ornose?
Well, Ornose is basically a protocol that lets you create these on-chain digital assets on Bitcoin.
So not pointers to IPFS or centralized servers, but really creating.
So you mentioned like frog images, right?
But the frog images on on-chain from Bitcoin on Ornose are actually, you know, stored on that digital real estate that I talked about, which is very important.
Which is very, very scarce and pretty much, you know, sought after for many people who want to preserve, you know, digital assets and or create digital assets.
So this space, you know, there's at most around 200 gigabytes of stuff you could put onto this digital real estate.
But that's how much digital real estate there is per year.
Actually, that's the optimal maximum.
In practice, it's going to be less than half of that or even less than that.
Okay.
So where are we with Ornose?
Well, so you have this simple protocol that sits on top of Bitcoin.
You can basically create these digital artifacts or NFTs.
And now in, you know, this 2023, we saw a couple of years where NFTs on Ethereum actually are quite popular as a, you know, market for them.
People have a somewhat of an understanding of, you know, what, you know, what does well, what people like, what you can do with them.
But still early days.
And now we're, and we, we see it on Ethereum, we just saw a lot of other chains, right?
An ecosystem of, you know, you know, digital goods, NFTs, also DeFi with, you know, fungible tokens.
That's when you brought BRC20.
So, so here we have this new protocol, very open for people to experiment on Bitcoin.
And that's what people have been doing in the last couple of months with Ornose, the protocol.
Basically the things you saw on Ethereum with ERC20 and ERC721.
So it's both fungible and non-fungible tokens on Ethereum.
And you could see those are probably the biggest applications on Ethereum for the last couple of years.
They are starting to do that on Bitcoin.
And we're just seeing the start of that.
Wow.
I mean, someone just said so many things to learn from this show.
I mean, that's a lot of information.
That's a lot of information.
Let's bring it down to NFT collector level, maybe, Danny.
So I saw that Yuga Labs released an Ordenal.
They did it as an auction.
They did 16.5 million US dollars, fiat dollars in 24 hours.
How did that go about?
And what are some other well-known Ordenals maybe from NFT collections that are coming over to the space?
And why do you think they're coming to the space besides, of course, the cash side of it?
Is it really going to be something they use for other reasons like, you know, NFT collections you're using funding to build a product, things like that?
Sure, sure.
So in terms of what's happening with Ordenals, it really just got kicked off probably January to February this year.
Right.
And if you go to my Twitter profile, you know, H-U-U-E-P, it's actually Danny, lowercase upside down.
And that's people asking what the heck you're using.
Your last name is so strange.
Yeah, yeah, my last name.
It's just Danny upside down.
So it's my first name.
So if you go there, pinned on my profile, I have a tweet thread.
It actually highlights kind of the, probably the most like, in terms of, in the short period of Ordenals, these were kind of the ones that I think are actually kind of, they were interesting when they came out.
And so, you know, you mentioned 12-fold, 12 was one of them.
Yuga, you know, Yuga Labs, you know, with Border Yacht Club, they're quite well known.
You know, they jumped in very early in, you know, Ordenals and launched 12-fold, right?
Like there's this collection that they, basically a general article that they sold on Ordenals protocol.
So, I mean, that brought a lot of attention to Ordenals.
Yeah, for sure.
It was, I mean, even now it's early days, but back when they did it, it was quite early days.
I think most people didn't even know what the heck Ordenals was at that point in time, right?
So I guess going back to my background, I actually started working in Bitcoin, right?
So back in 2013 was when I started my first Bitcoin company.
I started a Bitcoin exchange.
So in Taiwan, it's still running today.
It's the longest running and the largest cryptocurrency company in Taiwan.
And so, you know, I've been building on Bitcoin.
So I'm quite familiar with Bitcoin.
Then after that, I started another company that focused on analyzing Bitcoin data.
So we worked with, you know, law enforcement as one of our customers.
Like we were the first to work with, you know, the U.S. Secret Service and then also FBI, Homeland Security, to help basically track down stolen crypto.
Because, you know, people steal crypto, even like nation states were stealing crypto.
So we helped them with those.
But back then, that company started before Ethereum.
But then when Ethereum came out, we also worked on basically Ethereum analysis.
And basically, we wrote one of the first visual block explorers for Ethereum or actually one of the first explorers for Ethereum period.
And so where I'm going with this is the, let's see, we were talking about, actually, I lost my train of thought.
What was the question?
I just wanted to know, like, you know, because Yuga did it.
Oh yeah, Yuga.
Everybody knows about Yuga.
But who else has done it or who else is about to launch something in there?
Just to give it a little bit more context.
And I want to know why are they doing it if they have already done stuff in Ethereum?
Yeah.
So it's, you know, your original question was, you know, like, what can you do with NFTs too, right?
And like then Oranos.
So really with Oranos, like many things you can do with NFTs on Ethereum, you can do on Oranos.
And maybe some things are, but the chains are very different.
So Bitcoin and Ethereum, the chains are very different.
You know, one is about very limited scripting, others, you know, general purpose, smart contracting.
But, you know, one main use case for NFTs was really art, right?
We saw that even on Ethereum, right?
Like with, you know, generative art.
So, you know, images.
And that's what people, when Oranos was getting going back in, you know, February, March,
and also when Yuga came out with Twelfold, it was art or the generative art collection, right?
So art is one of the, you know, early and it will be a continuous use case for Oranos.
Oranos.
Yeah.
And people understand that, right?
The value is, you know, people like this art, so they'll pay for that art.
And, you know, you reward the creators, the artists who create that art.
And you'll see a certain type of art on Bitcoin in particular.
Because I talked earlier about how block space is very valuable, right?
It's basically the canvas or the real estate that you're building on is very expensive.
So you're going to tailor whatever your work to that expensive medium, right?
An analogy would be, you could say like, are you, Karen's in Hong Kong.
Are you in Hong Kong?
Yeah.
Okay.
Like Hong Kong, right?
It's a major city, right?
Yeah.
Big cities all have, like, they build up, right?
Because the land is very expensive, right?
Yeah.
Like, if you, if you build a ranch house in the middle of Hong Kong.
Yeah.
Probably like a couple of people in the world can afford that, right?
Yeah.
Like someone builds a modern high rise skyscraper and you buy a condo inside there, right?
Because that is the most efficient use of its high value land, right?
In cities.
And it's not just Hong Kong, right?
Every big city in the world does that, right?
There's skyscrapers.
Yeah.
Right.
And just, because that's just kind of how things play out.
When you have something that's very expensive and sought after, you optimize for that, right?
And the skyscraper has been optimized for expensive land.
Well, in Bitcoin, you have this digital real estate, digital land.
That's very expensive.
Well, it's very scarce now.
It actually was very cheap.
So back in February and January this year, it was really cheap.
And that's why, you know, like, where the Yacht Club went back.
People inscribe a bunch of images that are large and they filled this up, right?
But in the future, this block space is going to be priced more appropriate for, you know,
basically how scarce and valuable it is for people.
So then the type of art or the type of things that you're going to put on there will adjust.
Just like example of the skyscraper in the physical land, right?
You'll basically see kind of the virtual skyscraper being built on, you know, this expensive Bitcoin block space.
So then, you know, it's a question of what, you know, what do people create in terms of art or other things that are equivalent of, you know, the use of, you know, expensive land, right?
In real land, in real life.
Wow.
So yeah, art, so art, you'll have a genre of art that is like, it's like your skyscraper on, you know, on land, right?
So you, you know, basically you want to make high quality, you know, art that is appealing to people while using very little, you know, space.
Or you can use a lot of space and basically you'd have to have a reason for why you use so much, you know, land.
That cut me apart of art too.
Yeah.
You've been, I saw your tweet.
You've been talking to somebody a lot about ordinals and we're going to bring them on right now.
All the way from Hong Kong, the GM household himself, who he is, the mainland captain, the dot-top master, Ray.
Ray, welcome.
Yeah.
Hey, good morning.
I don't think you need, you need to make a cool intro like that.
Yeah.
Wait, what?
I like it.
No, no.
I think it builds up too much expectation.
We need to hype it up, no?
People have expectations here and we're going to fulfill them now.
Wow.
So Danny and Ray, you guys have been talking offline.
We want to know what are you guys talking about?
Is there a meme land ordinal coming out or what's happening?
I think first of all, I have to have a disclaimer, right?
I'm a holder on chain monkey, as well as a karma, right?
As well as the desert.
So basically, my interest is kind of like, there's conflict of interest, right?
But at the same time, Danny is also very helpful.
And also, he's one of our advisors at Mimland.
That's why whenever we talk about something related to crypto or some new technology in the space,
I always want to ask Danny for advice because there are many self-proclaimed OGs in the space,
but not that many actually knows shit and actually are still building and learning every day.
That's why I respect Danny a lot.
And then I always try to get his take on the latest trend.
So this is the context, yeah.
How long have you guys know each other?
Yeah.
Maybe a year, a little bit more than a year.
Oh, okay.
Sounds like it goes back to years, but yeah.
Sounds like.
And we are all Asians, right?
So all Asians know each other.
We're in that network.
Private network, Asian network.
Okay, so Ray, you mentioned on-chain monkeys.
That's actually my next question for Danny.
Danny, I think everyone wants to know a little bit more.
You met a good and it's your company.
You're the CEO of that.
And then that's the companies produce this on-chain monkey.
It is an, it is an Ethereum NFT already.
And now you're launching an order on it.
Talk a little bit about what that's about.
So everybody has context of what's, what's going on here.
Sure.
Sure.
Well, actually, Ray, I think we met through Patrick Lee back, back a while back.
So actually, yeah.
Yeah.
So on-chain monkey, we, so Medica is a company, you know, we, we, so I said, I did a bunch
of Bitcoin companies.
And then two years ago, actually, I guess a little more than two years ago now, you know,
Bill Tai is my co-founder along with Amanda Terry.
So the three of us, in fact, Bill Tai and I tried to do some NFTs a couple of years ago
is we saw there's power in NFTs, as we're seeing now in kind of aligned communities or,
you know, other, you know, economic factors to, to, you know, create something of value.
So we thought, you know, two, two, about two and a half years ago, you know, let's really
focus on NFTs and start a company to use NFTs to empower people to make a positive impact
in the world.
And so that's the company Medica good.
And that, that's also how I, you know, I guess Ray found out about us through Patrick
Lee, who was an early investor in us.
And then we launched on-chain monkey, the NFT collection back in September, 2021.
And that was originally on-chain art, the first PFP collection on Ethereum, that's all on-chain
and then one transaction.
One transaction, one transaction being, it is very compact and efficient, super efficient
they've done on Ethereum because, you know, these open blockchains all are shared utility.
So if you spend a lot of basic gas or like transactions, you can't clog up the network,
prevent everyone else from using it.
So we want to, as part of the art and also as part of kind of our values of sustainability,
do something very compact and small.
And also as part of our, this is doing things for doing first, right?
Things that people didn't think was possible or have never been done before.
So on-chain monkey at launch in September, 2021 was basically, you know, the first on-chain
PFP collection all done in one transaction.
So like all the images, all the metadata were all in that initial transaction that fit, you know,
in a very small space and all on-chain, which wasn't very commonly done on Ethereum.
It still is not commonly done on Ethereum.
It's because it's just, you know, difficult and hard and expensive to do.
Usually Ethereum entities are, you know, pointers to IPFS where you store the data elsewhere.
So that's also what led us to launch the ordinals for the on-chain monkey collection.
So we actually inscribed all 10,000 on-chain monkeys on Bitcoin in inscription 2021-9.
So 2021 is the year that I said originally we launched in September is the month, right?
So we actually inscribed it on an ordinal that perfectly matches our year and month of the original launch on Ethereum.
So inscribed in 2021-9.
And also this is the first 10K collection on Bitcoin.
And so, you know, these are all kind of firsts.
And also it was done in a very compact way.
In fact, it's the most compact collection of 10,000 on Bitcoin that, you know, I think anyone has ever done.
It took less than 20,000 bytes for a whole 10,000 images.
So it took less than two bytes per image on Bitcoin.
So this is also kind of what I referenced earlier about building skyscrapers.
Right.
This is a way where, you know, you have when you think about in the future.
So so not today.
Today, Bitcoin is actually really cheap.
So this is why it's actually a land grab.
People should be inscribing on Bitcoin today because the land is so cheap.
It's going to be super expensive in the future.
But when it is super expensive in the future, then the way to really build on Bitcoin is that you want these techniques of being very efficient to create, you know, high quality art or other things that whatever you're doing on Bitcoin.
But yeah, but kind of history of what we're doing for our collections, you know, we're doing kind of first for on-chain on Ethereum and then now focus on Bitcoin with on-chain monkey Genesis.
And then where I guess the alpha or the new thing coming out is in two weeks, we'll be launching OCM Dimensions.
It's a 3D journal of art collection on Bitcoin and also done in a very unique and efficient way that people haven't seen before.
So we'll be revealing that pretty soon.
What's so special.
And also they're there.
We had we had applications for the so there's 300 being launched on June 15th.
So in two weeks, we had an application process for people to be able to be able to mint that.
You know, we got over 6,000 applications.
And in fact, tomorrow we'll publish to 300 people who will be invited to mint that in two weeks.
And then we'll review the kind of details of what's so special about OCM Dimensions.
It is general art, but also has some surprises in terms of, you know, how useful it is for one of those overall.
Wow.
I mean, we love alphas in this show.
I mean, we want to know the private conversations between you and Ray.
So Ray, do you have anything you want to talk to with Danny?
Honestly, honestly, 50% of the time, whenever I talk to Danny, I don't understand what he means.
Yeah.
No, I mean, I'm not joking.
Because it's almost like he is so advanced in the tech part.
And he's working on something that sounds very cool and is actually very cool.
And I just want to understand more, right?
Because to be honest, at MemeLand or even at NIGET, we are not the pioneer in the tech side.
Right?
But we are pretty good at the application.
We're pretty good at bringing the tech down to earth so that more people can understand it, can use it.
Right?
Whenever there's a new trend, I talk to Danny and then he tries to explain to me what that means and what's the potential impact, right?
At least on the technical side.
Right?
Then I come back to our team.
I talk to Kevin.
I talk to Cha.
I talk to Joey.
Right?
And then to see, oh, can we do something with that?
Right?
Because I think at the end of the day, there's always a big gap between the innovators and the early adopters.
Right?
And also, I would say the second adopters.
Right?
I think for us, we try to learn what we can do.
And at the same time, we stay updated.
Right?
Because I think a lot of people in this space, they kind of like, they fade things too early, too quickly.
Right?
Because they feel like, okay, I've seen that before.
Right?
That's why it probably didn't work.
Until it works.
Right?
Then they feel like, okay, shit.
I failed.
Right?
So I think this kind of like, stupid loop, how to kind of like, break it is because, oh,
you always stay curious.
And you always try to spend some time to talk to the guys who are believable in that topic.
And then you make your own decision.
Right?
So, but I want to jump in right now.
Right?
For example, Bitcoin Ordinals.
Right?
Or let's say Bitcoin NFT for people who don't really know what Ordinals is.
Right?
How does it different?
How is it different from like, NFTs on Cardano or Canton or other, any new blockchain?
Right?
Because it seems like outside of NFT, I think most are L1 or most chains.
Right?
They haven't thought about any good application of the blockchain tech.
Right?
How is Bitcoin NFT different from other NFTs?
Yeah.
We were talking about kind of real land.
I think one is like, where do you build a house or maybe a sculpture?
Right?
Like if you erect a sculpture in this like central square in New York, you know, a lot of people
will see it.
It's got very high value land.
Versus like playing in the desert somewhere, you know.
And, you know, you could do it in either place and make that sculpture and you can show
it off, I guess, over video or something, but like, if you want it, people to appreciate
it, you want to put in where it's in a kind of high value place.
And so, you know, Bitcoin block space is that kind of high value place to put, you know,
NFTs or digital assets.
So I think that's where things are going in the very long run.
You'll have a genre of high value digital assets and NFTs that will want to be stored on Bitcoin
versus other chains.
But certainly other chains, you can also put even on-chain NFTs on those chains.
Although many chains prefer off-chain NFTs, we have pointers at it.
But you could still like, for example, Ethereum, right?
We did on-chain NFTs.
It's not the normal way to do it.
It's actually kind of a hack to do it on-chain Ethereum.
So that's why, you know, I was so excited when WarNose came out.
And just by design, it was encouraging or rather the default is on-chain.
You have to actually hack it to do it off-chain.
So, you know, that's kind of one of the differences for Ornose versus Ethereum NFTs.
How much are you charging for the OCM dimensions?
What's the charge in Bitcoin, I guess, right?
Yeah.
So the Mint is 0.08 BTC.
Yeah.
But it's, yeah, I mean, we have, that's why we have so many applications.
We have so many applications for it because, you know, they wanted B1 to 300 to be able to admit at that price.
But after that, yeah, it's the market to decide on secondary what the price is.
And then is there a royalty attached to it?
So that's the thing with, so that's a great question, though, about Ornose versus Ethereum.
So Ethereum is powerful in the smart contracting.
So you can write a smart contract and design a lot of mechanisms, you know, on-chain through the smart contract.
But the downside for that for the collector is that they may not be very aware about all the catches or gotchas in that smart contract, including there could be royalties or limits on where you can trade it or callbacks or things that the creator can just pull back the NFT if they want or change NFT.
So all those, you have to just kind of buyer beware.
On Ornose and Bitcoin, when you basically buy an Ornose and because it's on-chain immutable, you literally own it and the creator cannot do anything about it.
You hold it, basically the actual content or image or whatever it is cannot be changed.
So, in terms of royalties, same thing, right?
If you sell the Ornose because you own it completely, there's really no way the creator can force royalty on it.
So, I mean, creators can ask for royalties, so voluntarily, sure.
But in general, you could say that royalties are probably not going to be a big thing on Bitcoin.
And the collector has more power or control because they actually own the Ornose completely.
So, you're going to make all your money on this initial mint, these 10,000 at 0.08 or 0.08?
0.08.
Yeah.
So, yeah.
If you look at it that way, yeah, it's a good deal, right, for collectors.
They buy it at an early price and then they don't have to worry about royalties in general.
But, I mean, it sounds like a step backwards, right?
I think there's one thing that is attractive to creators on Ethereum.
NFT is actually the royalty, right?
Of course, right now, Ornose has gone to zero, right?
Thanks to all the marketplaces, well.
But somehow, I feel like on the Ethereum side, right?
I think people are talking about, okay, can they make enforcement of royalty on chain, included in the original NFT contract, right?
But if Bitcoin NFT is going back to zero royalty, then why do creators want to create on Bitcoin, right?
Instead of just create a physical arts where you get the same amount of money anyway?
Yeah.
Well, it is another medium for art.
So, Bitcoin has the biggest market cap.
There's a lot of capital in Bitcoin.
What was really exciting about ERC-20s and then ERC-721 and Ethereum was that it provided a lot of utility for Ethereum, right?
The token Ethereum.
So, there was just so much use of all that Ethereum on Ethereum.
So, we're going to see that on Bitcoin.
There are a lot of people with a lot of Bitcoin.
They've just been sitting on it, right, for years and years because there wasn't a good way to use it or to use it on anything interesting.
And we're seeing, you know, like the art, there is interesting art being created.
And there will be as more well-known artists or new, you know, artists who really understand the medium create, you know, quality art.
That's just one type of use case for Bitcoin.
So, that would be one reason why creators want to go to Bitcoin because there's a lot of capital there.
They'll pay for, you know, good art.
Even though the royalty thing on the secondary might be a challenge, but you still can sell the initial thing.
Got it.
I'm kind of stupid, right?
That's why I try to always use metaphor or analogy, right, when I think about stuff.
So, can I say that, I mean, if people feel like Bitcoin is digital gold, right, then maybe Ethereum, at least right now, is like silver.
And just like in real life, there are more silver jewelries, right?
Because silver is pretty, it's still very luxurious, but also it's shiny and stuff, right?
It can be made into any form and shape, right?
But in what you describe, it seems like Bitcoin NFT can be like gold jewelry in that sense.
That's why I would say better artists, right, or artists who are focusing on the high-end market, maybe they will focus more on the Bitcoin NFT in the future.
Is that what you predict?
I think that's a great analogy.
And yeah, I think that's what's going to happen on our side.
Yeah.
And also, you're right, Bitcoin can be hard to work with because it forces things to be on-chain.
On Ethereum, people are very happy to do IPFS art and sell it as an NFT on Ethereum.
On Bitcoin, the focus really has been on-chain.
So, it is much harder to make on-chain art.
So, there'll be a certain type of artists on Bitcoin.
Got it.
Got it.
Yeah.
I always feel like when people say that, okay, this is like not user-friendly, right?
Oh, this is so hard to use, right?
I mean, honestly, when we look back on all the tech or everything in life, right, the early stage of everything is always hard, right?
And that's why I always don't believe that the user experience is the biggest blocker in any application, right?
And honestly, for anyone who can kind of like get the early benefit, right?
It's the guys that are willing to spend time to learn about the tech, right?
To actually do the hard stuff so that they can capitalize on the gain early on, right?
I think that's how most of the people in crypto kind of like make it in the first place.
So, my next question is, do you think that the user experience on Bitcoin, especially on Ordinal, right, will have a big uplift just because Ordinal's or BRC20 get more attention?
That's why more developers will be working on it.
For example, any good wallets that you recommend or any good things that we have to keep a tap on?
Yeah.
So, we're already seeing that.
We're seeing actually a lot of developers suddenly working on Bitcoin applications and even existing ones that have been building things on Bitcoin.
Now, they're really going after hiring more and receiving funding from VCs to expand because they see this growing market.
And you can see it. The numbers are very clear.
Everything is growing on Bitcoin right now because it's so early.
It's just very easy for this to be much bigger.
And in terms of better user experience and also easier to use technology.
So, actually, the thing we're launching OCM Dimensions, it is an art collection, a generative art collection, 3D generative art collection, which is cool on its own.
But one of the things about it is that it actually also is a building block.
It's a building block and we'll show pretty soon how we reveal the dimensions.
It's a building block for how other generative artists and artists can create on Bitcoin in a much more efficient way to create high quality works.
So, that's actually part of the art too, which is pretty cool.
So, making it basically easy for the whole ecosystem to build on Bitcoin.
Yeah, this is the part that I didn't understand when I talked to you before, right?
I mean, I kind of understand, right?
So, basically, what you mentioned is the OCM Dimension collection, right?
On one hand itself is like an NFT collection, right?
But on the other hand, it's also kind of like a protocol or something like a standard where people can leverage it to launch a Bitcoin NFT later.
Is that what you mean?
Yeah, that's right.
And the beauty of also where inscriptions and Bitcoin NFTs are all on-chain.
That growth of the kind of the referencing and you get to compose.
It's actually composability is the word that kind of describes this.
It's basically, it's a composable NFT or inscription on Bitcoin.
And then you can create new, basically compose new inscriptions on Bitcoin using the OCM Dimensions.
Got it.
So, as you see, OCM Dimensions is a 3D work.
So, other people can create 3D work on Bitcoin much more efficiently and then can create even more detail.
I think we'll see artists who take advantage of that, you know, in the coming, you know, near future.
Got it.
I feel like, I mean, because we are also discussing internally why Bitcoin NFT would be different, right?
From any other NFTs on other chains, right?
I think one big argument is because just like Ethereum, right?
All the people who hold the biggest amount of that token, they probably would want it to become more popular, right?
So, whatever makes people pay more attention to that token, they probably welcome that kind of direction.
So, unlike other chains, right?
Already Bitcoin is already the number one, not number one, but more like the highest valuation blockchain on earth.
That's why all those OGs, other than they really, really see it as like digital gold, doesn't touch it and stuff.
Basically, they would love to embrace more people into the space, right?
Unlike any other new chain, which basically they have to create demand for their NFT and also create demand for their token, right?
And it's almost like two jobs and two very difficult jobs, right?
But meanwhile, for Bitcoin, it feels like there are already people there.
Exactly.
Exactly.
So, other chains, they have to pay people millions of dollars to go to their chain, to use their chain, to create NFTs or whatever it is, right?
They're paying people a lot of millions of dollars to get them to use it.
So, what happened with Ornose?
People paid millions of dollars to use it, right?
It's the opposite, right?
That's how powerful Bitcoin is, right?
People are paying millions of dollars in transaction fees to use Ornose, right?
And when you see that growth, you can just measure directly off of the on-chain data, right?
People are paying millions of dollars to use Ornose, which is pretty nuts.
Got it.
Then what if we wanted to start to buy Ornose and stuff, right?
What are some good websites or good wallets that we should use or you recommend?
Yeah.
Yeah.
In terms of Watts, it is very early, but there are a couple of things that are like, for example, for OCM Dimensions, we're launching in two weeks.
And so, we'll support Xversing and Hero, right?
Those are two that support the Ornose, you know, protocol.
Ornose protocol is also upgrading.
So, actually, one of the reasons that, you know, we're working basically so hard on our launch is that, you know, we're working with the wallets.
We're working with the marketplaces to also advance the Ornose protocol and also the indexing, right?
So, you mentioned BRC20, right?
What happened last week was, so BRC20, the indexing for BRC20 also is being improved by all the wallets and marketplaces so people can trade those safely.
And that has progressed.
Last week, there was a thing called Cursed Inscriptions, which was also like a bunch of inscriptions that are not indexed properly by the regular, you know, indexer.
So, they're called Cursed and they don't show up.
But, yeah, things like that, you know, it's the early days of the protocol, the protocol's upgrading.
So, again, it'll, you know, in a few weeks or months, there'll actually be more power for everyone, creators, applications, builders to create interesting inscriptions on Bitcoin.
I'm looking at the price of Bitcoin right now.
So, at 0.08 BTC, today's market value is around 2200 US dollars.
You're selling 10,000 of these.
If you sell out…
No, it's not 10,000.
It's 300.
Okay, 300.
Very, very scarce.
Okay.
And then, so, what do you do with the funds from there?
Are you using it to build something new or how does the funding go?
So, there's…
Oh, we've been…
Yeah.
So, on-chain monkey…
Yeah, there's a number of things coming.
So, I mean…
Well, first is we have, as I said earlier, Genesis.
So, Genesis is the first 10,000.
So, I think we kind of…
Maybe because we have so many different things, it's a little confusing.
So, we have Genesis, which was the first 10,000, you know, PFP collection on-chain, Ethereum
and one transaction.
So, we're allowing…
And then we created Genesis on Bitcoin as the first…
And then it's also the first 10,000.
It's the first 10,000 collection period on Bitcoin.
So, the Genesis…
But Genesis, there's only 10,000.
So, we're going to let people migrate their Ethereum Genesis to Bitcoin Genesis.
So, that's coming up, you know, shortly.
And that actually requires an upgrade to the Ornose protocol before that can happen.
So, even though they were inscribed, you know, so early in Bitcoin, the kind of ownership
by the holders will come after an upgrade to the Ornose protocol.
So, that's upcoming.
The immediate thing upcoming, which you mentioned, that we're launching as the Mint.
So, this Mint experience will also be a first of a kind.
So, when people try it out at the Mint, it'll also be pretty unique how we do that.
Like, you know, basically, we're building many of the kind of tools.
Because it is kind of so early days on Bitcoin and Bitcoin Ornose and NFTs on Bitcoin.
You know, we are…
You know, our engineering team is building out, you know, the tools needed also.
It's not just like…
On Ethereum now, it's really easy to make an NFT.
You just make it and then you go to the market and sell.
On Bitcoin, we're actually building all of the framework for how to do this.
So, it's…
Yeah.
That's where the reasons are, right?
And why we have an inch team is not just, you know, one creator just makes some stuff and
sells it as an NFT.
In fact, Dimension Network that we are finally launching, you know, in two weeks, right?
We've been working on that since 2022, even before the, you know, Ornose existed.
And then we got…
We inscribed it on Ornose in February 2023.
So, we got it inscribed, right, in February 2023, which is also kind of a feat that we
did something, you know, so…
It's kind of cool and innovative of 3D art generated on-chain.
We inscribed that even before 12-fold inscribed their stuff, right?
But we didn't…
We didn't market it.
We didn't really say we did that until recently because the infrastructure just
even support the launch of this thing and kind of the building blocks.
I was telling Ray about, which will be more clear in a week or so or two weeks, right?
That's what we've been spending our time building, right?
This is…
It's not like a kind of a just, you know, get it out there or, you know, easy thing
to, you know, create.
Like, the stuff we're doing is, you know, high quality.
It takes a lot of man hours of, you know, skilled people.
So, you know, if you're looking at even the cost of this, when we sell it, we're
going to be losing money on in terms of the effort we put into, you know, this work.
But we are doing it because, you know, we believe in what we're doing.
Also, you know, reward, you know, the people who support us.
And we think it'll create a lot of value in the future.
So, you know, that's kind of where we spend our time and money thinking about.
Yeah.
Okay.
That's a great…
That's a great way to leave it.
I have to drop off pretty soon, right?
Because I have a call with Tingling.
But I think there's another question that I have, right?
I mean, we talk a lot about Ordinals, right?
What about BRC20?
Yeah, exactly.
I mean, it's like chic corn season, right?
Or meme corn season or corn season, depending on how you say it, right?
But what is it about and why people are excited about it?
And what do you think about how it goes, right?
Because it seems to me that we are kind of like going backward, right?
Again, right?
Going to a chain that doesn't really support smart contract.
And basically, all the coins on BRC20 kind of like meme coin to me, right?
So, what about BRC20?
Yeah.
So, I think BRC20 is actually quite cool in that it actually provides…
Well, first, you know, say hi to Tingling for me.
He's actually one of the 300 who are going to be one of the collectors of this OCM Dimensions
when it comes out.
So, glad to have him as a collector.
And, you know, he's actually also very, when you talk to him about, you know, Bitcoin
and Ordnose, he owns a lot.
He's been following that since the very beginning.
So, he owns a lot of everything, yeah.
Yes, he owns, but he spots where there's, you know, quality and some things that begin
coming.
So, the BRC20 is actually quite interesting.
It is not…
I think it's more than just, you know, shit coins in that it is a…
What you have is a very simple protocol where people can create assets, fungible token
assets.
And, like, basically, you know, Domo when he proposes that goes, this is how you can
do it.
It's very easy.
Anyone can do it.
And what happened?
Many people did it and people really, you know, got into it.
Of course, you know, make…
Being able to create assets doesn't mean the assets are valuable.
So, you know, we'll see…
Basically, we have a very easy tool now where anyone can create assets.
And then it's, you know, who's going to use them for what purpose and, you know, where
is there going to be some value or valuable use cases of them.
Yeah, I totally agree with you.
I feel like…
I think on…
Again, on anything…
On any creation, right?
When the barrier is not on the creating, right?
Then the barrier will be on the adoption part, right?
It's almost like…
Right now, with Instagram, with all kinds of photo app, right?
Yeah.
And you can become like a good photographer.
And in that case, how can you stand out from the crowd?
It's probably…
You need to have more than just a good photo.
Just like AI and stuff, right?
And…
And if everyone can leverage AI to make cool pictures, then how can you stand out?
I think that…
Yeah.
It's just that the competition…
Kind of like…
Get pushed later…
To the later stage…
When the creation part is actually easier.
Yeah.
Exactly.
That's a great point, right?
Also, for Ocean Dimensions, part of…
It's art…
It's an art piece, but it's actually a piece that also lets people…
Creators…
Create more art in the future in a very easy way.
I think I'm excited also about how that enables all sorts of new things on…
On Bitcoin.
And that's also part of the art of Dimensions.
Got it.
I mean…
Last question from me, right?
Because I really have to go…
Among all the…
I mean, of course, for Ordiners, right?
I understand that…
I should mean Dimensions, right?
Yeah.
Shielding is really, really hard for myself.
I think whether you want to buy it…
I think that's your…
That's your own decision, right?
But…
No investment advice.
Yeah.
Not financial advice.
But for BRC20…
It seems like…
It's actually really meaningless, right?
Other than getting the tickets, right?
And all those motherfuckers, they get all the tickets that I can think about.
Right?
Yeah.
I said FOMO.
Yeah.
I mean, definitely.
There's FOMO, right?
I mean…
For example, I try to think about Meme, right?
And then…
M-E-M-E, they got it, right?
E-M-E-M, they got it.
And then M3, M3, they also get it.
I mean, basically, all kind of invert horizontally or vertically, they also get it, right?
I mean, people are so creative in thinking about these kind of tickets.
And then they…
They all mean to kind of like 21 million and stuff.
So, it's almost like lazy, right?
But…
Among all the BRC20 right now, is there…
Is there any so-called token that you think…
Okay, they have a more interesting team or more interesting narrative that you think,
Oh, maybe we should pay more attention to it.
Yeah.
Basically, I'm asking you for tickets number.
Yeah.
Yeah.
That's…
That's the question that I cannot answer at that point.
But I could say that the whole space is quite interesting.
Both ORANOS and BRC20.
And I think then…
So, okay.
One…
One…
Since you have to go…
One last thing I want to point out is that…
We have actually…
I guess you could have two waves of ORANOS.
One was just the initial images.
So, when the inscriptions came out, the first wave was actually just art and images.
Right?
That was basically February to March-ish.
But then when BRC20 came out…
Then the last…
Since then, it's been a wave of basically BRC20.
But there's…
There's an upgrade coming for ORANOS, which is basically the collection or parent-child…
Basically, there's…
In ORANOS…
Like on Ethereum, right?
You can just make a collection and people know, right?
This is the captain's collection.
This is the potatoes collection.
But on ORANOS, it's still quite challenging.
It's just everything is an individual ORANOS, right?
You can't make a collection really easily.
So, that upgrade to ORANOS is coming…
Where you can actually have a collection…
And then so…
I think there will be a…
A bigger wave coming up…
Kind of third wave for ORANOS…
Which is…
When…
When…
People understand how to create collections on Bitcoin…
And then people will start making collections like…
And then…
The collection will be the focus.
You know…
Just like, you know…
You know…
Captains when it came out…
You know…
You care about captains…
You didn't care about…
Captains was like…
The 12…
I don't know…
Whatever number is…
153 million…
200…
Well…
And so…
That wave is coming…
It's…
It's…
It's…
And that kind of…
Ties into also…
Going back to…
I guess…
You know…
Dimensions is also a way…
To show how you can make collections…
Well…
One is how to just make cool…
Cool art…
In 3D…
Or other things…
The other way is also how to…
Generate a collection…
I think that's also the next thing…
That is coming on Bitcoin…
Where people are actually making proper collections…
And then…
When you have a collection…
Is beyond…
Just this new art…
It could be…
You know…
More…
Membership…
Maybe utility…
For gaming too…
I mean…
People are doing L2 solutions…
L2 solutions…
On top of…
You know…
Bitcoin…
I think…
Those are all coming…
Basically…
Many of the things you see on Ethereum…
Right now…
With NFTs…
You'll probably see many of them…
On Bitcoin too…
In the near future…
Wow…
Please…
Please ask the dev…
To upgrade…
The ordinal…
Multiple…
Same tickets…
I think…
When they…
Can update that…
Probably…
We can drop meme coin…
On ordinal…
And also…
On BTC…
As far as…
On ETH…
I have to go now…
Thank you Danny…
I think…
Karen and Casey…
Still have some questions…
Yeah…
Anyway…
Thank you a lot…
Thanks Ray…
Thanks Ray…
Okay…
So Danny…
We're finished with the interview part…
But we have…
I have a little section here…
On the internet…
Yeah…
I want to get your thumbs up…
Or thumbs down…
And I also want the audience to participate…
I got the…
Yeah…
I got the Twitter here…
So everybody…
You know…
The little heart is…
You can put thumbs up…
Or thumbs down…
What you think here as well…
To you…
For thumbs up…
You don't have to explain your thinking…
You just have to…
Thumbs up or thumbs down…
I'm looking at this…
From last week…
It looks like Bitcoin…
Ordinals…
Trading volume…
Has moved up…
And beaten Solana…
For the second place…
So it's still below…
Ethereum…
Some crazy amount of…
Money…
Transacted…
Thumbs up or thumbs down…
Ordinals…
By the end of…
2023…
What do you say?
Ooh…
2023…
I think likely…
Okay…
So thumbs up…
What…
What do we got on the…
I see a lot of thumbs up…
A lot of thumbs up…
Wow…
Some thumbs down…
Some thumbs…
Yeah…
There's more…
But there's more to that though…
Right…
Because…
Are you talking about…
Ethereum NFTs…
And not Ethereum…
Yeah…
Yeah…
The NFTs…
Yeah…
So that has high trading volume…
When…
BRT20…
Is counted as a…
Non-fungible…
On Bitcoin…
But really…
They're…
Fungible tokens…
Right…
So it's like…
Right…
How are you measuring…
Right…
Right…
You're not exactly…
It's hard…
It's hard to say…
Okay…
I think both will be up…
So I think everyone wins…
Okay…
Well that's a good…
That's a good political answer…
Okay…
I was gonna ask…
If Solana will take back…
The number two spot…
But there's way too many…
Many people in here…
So forget it…
That's definitely gonna be dumb…
So the next question I have…
You know…
The NFT…
Ethereum NFTs…
Are still…
Growing in mainstream…
Mainstream brands…
Right…
You've got Starbucks…
These are great…
Nothing wrong with them…
When…
Okay…
Thumbs up or thumbs down…
A mainstream brand…
Will launch an order on collection…
This year…
I mean…
Well that's happening…
In June too…
Right…
We're…
We're actually doing it with…
You know…
I would say…
Body is a pretty mainstream…
Okay…
Awesome…
Luxury high-end brand…
Right…
And they chose Bitcoin…
And they chose to work with us…
To do that launch…
Well…
Because that's what the digital…
The gold…
The gold thing that Ray was saying…
But do you see like…
Do you see like a Coca-Cola…
Or Red Bull…
Or Nike…
Adidas…
Ordenals…
Well…
I would say…
If they do get into…
You know…
Bitcoin and Ordenals…
Right…
In terms of that type of mainstream brand…
One of the important things about…
About…
Their branding…
Is that…
You know…
They have to be sustainable…
Right…
And Bitcoin has this…
This branding of…
Being bad for the environment…
Which…
Which is…
I think…
Not…
Not…
Not the right way to look at it…
But…
If you do wanna do Ordenals…
You wanna be very…
Sustainable…
That's exactly how we do it…
Right…
I think they will be looking at us to see…
Well…
You know…
How did Onchain Monkey launch…
You know…
10,000 images…
With…
You know…
With 20,000 bytes…
Right…
They would do it in this way…
And…
Not just them…
But you know…
Many people do it in this way…
Not just because…
It's just a…
Sustainable manufacturer…
But just…
That will be the way…
Because…
You know…
You optimize for…
Efficiency…
Everyone does it…
The real estate is cheap now…
Getting in while it's cheap…
Okay…
Right…
Awesome…
Awesome…
Okay…
That sounds great…
Thanks a lot…
Danny…
Thank you so much…
We'll keep you here…
If you wanna stick around…
The next segment…
The next segment…
I think is quite fun…
Do you have kids Danny?
Yeah…
Yeah…
Do you have…
Do you have parents…
You're trying to explain…
I do need to…
It's dinner time here…
Okay…
Thanks Danny…
I'll let you go…
Thank you so much…
Bye…
See ya…
Okay…
Casey…
It's all about parents…
Yes…
You ran a Twitter poll…
As you do…
Every week…
On the MemeLine account…
And the GM Show account…
The community…
Who are listening…
A question…
Every week…
And this week…
What was the question…
Do your parents…
Understand Web3…
Or NFT…
And how do you…
Explain that…
To your mom…
Okay…
What's the percentage…
Of people…
That said yes…
That they…
Parents…
Understand Web3…
Well…
It's…
For yes…
And 72%…
And then…
18%…
Said…
Thumbs up…
If yes…
Thumbs up…
If no…
Clap…
If they're trying to understand…
I mean…
Does your parents know…
What's going on…
What are you doing…
Who are you talking to…
Online…
Lots of thumbs up…
Lots of thumbs up…
Whoa…
Okay…
Some clappings…
Yeah…
I got some…
Really interesting comments…
Some are really…
Really funny…
Vicious B said…
But my mom was happy…
When I told her…
She was a grandmother…
That…
Congrats…
On the baby…
I mean…
I mean…
That's like…
That's a good way to explain…
Cause like…
It's your ownership…
It's like…
You know…
You're the parent…
Of your NFT…
Right…
Yeah…
And then…
I would be…
I would be disowned…
I mean…
It's hard to explain…
Like…
Why the value…
Goes up…
And down…
In this market…
Right…
It's hard to explain…
That…
If you know…
How to explain…
Let us know…
In the comments…
Mona Lisa…
But with more utility…
I think…
That's a great way…
Yeah…
To explain…
Like…
Art…
And like…
You know…
How that works…
With…
Like…
The ecosystem…
In 2003…
It's like…
Property…
30 years ago…
And…
NFT…
Is like…
The sort of ownership…
When you bought…
The house…
Okay…
That's…
Really…
That's a good analogy…
Actually…
Because…
I explained…
To my mom…
That…
NFTs…
Are like…
Digital properties…
That you can buy…
And sell…
But…
Like…
She tells me…
The focus…
In real life…
Like…
I really enjoy reading them…
Awesome…
Awesome…
Yeah…
We'll definitely…
Check the Twitter accounts…
Every Monday…
For a new poll…
And we'd love to hear…
Your thoughts…
And your feedback…
On that…
That's about it…
We've run over…
A little bit of time…
Our normal hour…
But…
We're gonna wrap up…
With…
Karen…
You wrote…
And performed…
An outro song…
For us…
This week…
Amazing…
Amazing…
The genesis launch…
Of the new song…
On the GM show…
Please…
Please…
Please…
Don't laugh…
But I hope…
You enjoy the show…
And this is the outro…
Yeah…
Don't trust…
Wait…
Ray is making me sing this…
Don't trust…
Just verify…
I said…
Don't trust…
Just verify…
Don't trust…
Wait…
Wait…
Ray is making me sing this…
Don't trust…
Just verify…
…I said…
Don't trust…
Just verify…
Don't click links…
Use the wallet for your mint…
Mama knows best but what's Web3…
Mama knows best, but it's not free. It's not J-Pack. It's action-packed. Don't trust strangers online.
Your card is getting declined. Do your own research. Put on a nice shirt. Go outside, touch some grass.
This show is getting serious. This song is just a clickbait. Oh, wait, we made a show for all you
holders. Stronghold. Hold the fuck up and let's go. Let's go. Stronghold. Hold the fuck up and let's go.
Well, well, well. Just a heads up, we are also on Spotify, Apple Podcasts, and on most podcast
networks you might listen to. The show is live on Twitter and YouTube, but if you want to just
an audio version, go on the podcast app to download it and give us a five-star rating and let more
people know about our show. Awesome. Awesome. Next week, we're hosting Yat Su, chairman of Animoca
Brands. We're going to talk about building in Hong Kong, Web3's new crypto regulations in Hong Kong
and invite a lot of new startups to join the explosion. So we're going to talk to Yat and
talk a little bit more about that. But thank you, Karen. Thank you, listeners. We will talk
to you next week. Same bat time, same bat channel, 9 a.m. Thursday mornings, Hong Kong. See you again.
Yeah. Let's go touch some grass.
Good morning.
Bye.
Bye bye.
Bye.
Bye bye, bye.
Bye.
Bye bye.
Host
Memeland 🏴☠️
from
Captainz
