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Is It Time To Be Bullish Again? If So, What to Buy?
Recorded: March 20, 2025 Duration: 0:50:18Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explore the bullish sentiment emerging in the market, driven by Bitcoin's recent performance and the potential for growth in various projects. Key topics include the impact of AI on app development, the importance of community engagement during downturns, and the ongoing trend towards high-performance blockchain systems.
Full Transcription
I think so, so for whoever's watching, whoever's here, Graham just asked, just said, made the statement. I'm not sure what we're going to talk about.
But I think the topic, the topic's a good topic, dude. I mean, is it time to be bullish again? If so, what to buy?
So, yeah, I mean, let's, let's get a general overview of what the market's doing and then take it from there.
At FOMC yesterday, which is quite interesting. Bitcoin actually like
behaved in quite a bullish way. I mean, it kind of like pumped a bit and then I was expecting it to really retrace and it hasn't. Actually, doing okay. And then ETH, dude, E east at a full percent move people lost their minds. It was incredible
It's cuz it's cuz Kobe sent out a 50%
tweet worry potentially bought some e4 you got a
Girlfriend one or two. Well, we're assuming Kobe likes girls, so we'll just assume that it's a girl.
So, yeah.
Um, I don't want to sound like a bulltard, which I'm very aware that we often do
sound like, but I think we're just optimistic people.
just optimistic people. I think dips have a bind.
I think dips are for buying.
Yeah, so you think we've reached that point now where it's kind of like stop
being bearish, like now's the time to start finding the strong ends and like,
yeah,
I brought some cash back in last weekend. Okay. Um, so if I'm wrong, I'm wrong. If I'm right, then that's good stuff.
But yeah, like what else do you need?
Like alt-
So, Grant, are you taking it from a perspective where you DCA-ing in on kind of like what you've identified as being like
potential good bets or are you saying okay well I'm waiting for a level and
then I'm just gonna plow in? Yeah so I go through these every Tuesday in
Discord full portfolio breakdown with 563 and usually Gaz not sometimes we
bring in a Gaz but I just want some exposure like a lot more exposure like so for me did
did pretty well with time and went to take some off so that kind of put me in
a very nice position to kind of bring some stables back in I just I just don't
see why there would be additional downside here. Like you've had
ample opportunity through some of like the most horrendous chop to get the fuck out if
you wanted to. So I don't mind picking up positions that allow me to have exposure where I can sleep at night.
And I think these are nice levels to be able to go and do that.
So I'm still figuring out like where
I really want to lay some chips. I mean, I've picked up some more Solana.
People might say that's stupid, but
I don't think it is currently.
But I still want that like extreme strong high conviction
with reasonable size at these certain prices that some assets are presenting themselves
But just while I'm figuring that out, I don't mind holding Sol.
I think they've had a couple of PR blunders recently, but yeah, I think everything that's
coming up should be completely fine.
The, uh, the other aspect of it, it's probably like five, maybe 10% of what
I've got in play at the minute is just looking at how do you express that the
cost of app development is going to zero because I think the Anthropic CEO came
out the other day,
completely agree with what I'm seeing
with some of these grassroots builders is,
code in 36 months, probably gonna get you 90%
of the way there and give it 12 months,
it's gonna be writing all but 100% of it.
And if that happens, you get anyone and everyone
being able to deploy applications,
whether someone picks up and finds a way to integrate
that directly into dApps and crypto reels.
I think there will be,
because there's a lot of good teams
building towards this stuff.
And that AI chat that we've got going on
has got some people who are actually building
towards that vision.
So that's quite cool.
So it's trying to like look at,
well, if that is actually gonna happen,
how do you express that in a bet?
And I think there's a few,
I don't necessarily wanna,
I suppose we're gonna have to bring up
some of these kind of applications
that are building towards this.
But then it's like what are the second
and third order effects of it?
It's like, well, if all things being equal,
all applications can be effectively
generated by anyone.
What's to stop you releasing an app and me just going for
the next day.
So what, what, what makes an application stand out at that
point?
It's understanding brand positioning, making people want
to be associated with associated with your application and
making them want to go out and tell everyone about it. It's understanding the kind of cultural
relevance and kind of cultural standpoint and position of how you actually get an app to market,
go to market strategy, attaining attention, maintaining attention. All the stuff that a
lot of development-focused people will just say is a lot of developer mind focus people will
just say is a lot of bullshit whilst their applications sit in the gutter because marketing
quote unquote doesn't work.
That this is going to be like a huge shift in the way that shit comes to market.
And people who understand the attention game and the mind check game are going to be the ones that do well.
Because the playing fields about to get completely leveled
by this core generation LLMs are on the market currently.
So you basically just presented way too much
to kind of like do in one day.
So thanks for that.
But I think let's start at the beginning. So I
just finished watching the presentation that Haseeb from Dragonfly Capital did at Denver,
East Denver. And essentially he discusses exactly what it is that you said almost verbatim around the fact that one of
the biggest costs that, yeah, one of the biggest costs has been paying for the development of
software and now you've got AI, legitimate AI, that is going to basically just take that cost,
as you said, so eloquently to zero. Just think about that. If you're listening to this right
now, just think about the implications of not having to spend money on software.
You basically ask something to do it for you and it does it. It might not be perfect. Let's assume that it's not perfect.
Let's assume that it's 90% of the way there or even 85. You wouldn't need to hire five or four devs. Maybe you only need to hire one or two. And that's a game changer, because then your cost goes right down.
Let's assume it's not zero, maybe it's 10%,
or even worst case scenario, 20% of the cost,
which gives you the ability to then go and spend time
on the more difficult things, like growing a community,
being in touch with the market to the extent
that you can build a product
that can basically revolutionize the space.
And even if someone talks that you've got the community,
you got to go to market first and then the game is on.
That's fucking interesting.
Can't fork a community aspect of it.
I think there's a lot of like weird incentive metagames,
guilds and like all that bullshit, like lazy go to market,
which I kind of like bracketed under like galaxy campaigns and all that kind of bullshit.
Um, that kind of replicates forking a community for a while, but then it also
gives you like this extremely extractive demographic of people that are only
interested in the protocol until the TGS.
And then they relieve themselves of the burden of governance by dumping their
tokens because that is a heavy burden to carry.
So yeah, like we've said it a million times
to some founders like players stupid games
win stupid prizes, but yeah,
I think we've also encountered extremely developer led
and developer focused teams where
if they could just look past the fact
that you also have to do the community stuff,
you also have to have the user journey stuff,
the content, the comms, the marketing, the positioning,
understanding the culture of the people
that you're actually trying to sell the product into,
all that kind of like wishy washy stuff
that a lot of people who are too like empirically minded thinks like a
load of shit. It's not just important but it's gonna be even more
important going forward. So like one of them that I was thinking like because
it's the way I like to kind of work these things out it's like well this if
this does become true and it's like, well, where do you place your chips?
I obviously very biased got a bag.
Um, we, we, we did one of the earlier rounds in, in barrage chain, but that
is culture like in, in a nutshell.
And that is like something that's not going to be able to get replicated in
any way, shape or form by any AI.
So that's, I'm kind of bullish on like things that they build
into walls, that kind of thing, as opposed to let's just bludgeon everyone
at the depth of infrastructure and these weird benchmarks of pentrillion TPS.
And because that's where it's going.
So I need other ideas, though. I think Kaito could be a good, good one
if it's all about mind sharing attention.
There's some applications that I'll bring up in a sec that would be good to show everyone.
But Sonic's got a fucking strong community as well.
Like, that's...
But it almost seems like Sonic, yeah.
So it almost seems like they're throwing more gasoline on the fire as it goes, and it just
gets more and more interesting.
And that's what I'm seeing at the moment.
And it's kind of like, so just a couple of things
from a general perspective, for those of you
who are interested in this kind of thing,
and it's relevant, I think, is we obviously
get to speak to a lot of protocols
because we interact with them.
We ask them questions.
We do content, and we do all this stuff in the wild.
And it's like you get a general sense,
and you kind of have your finger on the pulse.
Some of the time, you're wrong.
Like, we kind of make bad calls.
We think, wow, it's going in this direction,
and then it does a complete 180-degree turn,
and you're like, oh, shit, we were wrong.. But generally speaking you get to feel what's happening out there and one of the things is like
projects who are launching
tokens or want to go to TGE to token generation event and
Right now there's quite a few
projects who are
Instinctively wanting to pull the handbrake up for those of you who are old enough to know what a handbrake is, essentially your car comes to a grinding halt immediately. And it's like,
this is not what projects should be doing. It's like, if you believe in what it is that you're
doing is relevant and it provides value, and the projects that we generally speak to do have value
to offer, we wouldn't want to speak to you if you didn't. Just carry on doing what it is that you're
doing. This isn't the time to be pulling handbrakes.
This is the time when you need to put your head down,
stop looking at charts, and just do
what it is that you're doing.
Why?
Because that's how you cultivate community
and how you embed intention in terms of what it is
that you're doing.
And people notice that kind of stuff.
As soon as you pull the handbrake, essentially what you're doing is you're telling people that you're scared of what it is that you're doing. And people notice that kind of stuff. As soon as you pull the handbrake,
essentially what you're doing is you're telling people
that you're scared of what it is that you're building isn't
good enough to go to market.
Don't do that.
Because you know what you're building is good.
You wouldn't be doing it if you weren't in the situation,
if you were in the situation.
So why are you trying to?
You want perfect market conditions
so that you can get maximum value on your token?
No, dude. Let people buy the thing at the lowest so that they can see the value and
become your ambassador for the next few years.
Surely that's the way that people should be thinking, but unfortunately, they're not.
I get like I get a lot of teams think they're playing the fine margins game where you
want you'll steal you'll steal a couple of percentages points here from any additional kind of like tailwinds that
you can get. But at the same time, you, you don't even know your product's going
to be accepted. You physically do not know until your protocol, your
application or whatever the fuck it is, is in the market and it's been tested and you've gone back and forth with
your first 10 to 100 users and then you've got feedback and iterated on it.
So if you just put it off and put it off and put it off because you're thinking well
the token is actually a large portion of this specific product.
You've just wasted all the time of like iteration actually building
towards product market fit.
So you might just launch and everyone's like, well, this is shit.
So in the meantime, you just couldn't just be iterating.
So I just don't understand this, like putting off for this Holy
Grail of window of opportunity.
That's going to allow you to talk into three X and you're going to have.
Why X amount of additional runway. It just doesn't make any sense. If the
product's good in its first place or if you're building towards a good product because it's
actually on the market and you can get real-time feedback, you're going to be much better off in
the long run anyway. It just doesn't make any sense. And the way the pace that the industry moves,
And the way the pace that this industry moves, you can't afford to just like
wait for these mythical opportunities of, it doesn't make sense.
Like if you look at, if you look at like Y Combinator or like even a more
crypto native accelerator like Alliance, they're just like shipping MVP.
See if you can get users, go and find out from the users, what
you what they like, what they don't like, then iterate, build
it, build it, build it.
If it's still not getting any product market fit, then you're
well within your rights to go and pivot, but don't waste
anyone's time on this like two year run up to launch a product
that no one's going to use.
Cause you just waste everyone's time and you waste anyone's time on this two year run up to launch a product that no one's going to use. Because you're just wasting everyone's time
and you're wasting everyone's money.
I just don't get it.
You know what's an interesting example of this is actually,
ironically, is Bearer Chain.
It's like Bearer Chain took a tremendous amount of time
to get their product right.
They weren't, at no point did I hear anyone say
about we're waiting for the right market conditions.
In fact, they landed up launching
in probably the worst market conditions.
Yeah, it was terrible.
There was that initial dump and people were like,
okay, well, pointing fingers and laughing at them.
And it was kind of like, at no point did they had any
like stage in that journey just turn around and kind of like at no point did they had any stage
in their journey just turn around and kind of give up.
In fact, what they did was is they kind of doubled down
and said, well, we've got protocols.
We've got interest.
We've got community.
We're figuring out product market fit,
and we ain't going to stop until we do.
And then there was a whole lot of honesty around the fact
that they sold too many of their tokens to VCs,
and there was a little bit of regret but there was a
commitment to making that that wrong or right and now look at where they're at. I think this is one of those things or one of those
buyers, you know full disclosure we are early investors in this
but I'm definitely looking at buying more of this because I think they
are going to land up shining really bright at some point in time.
So a good question. Glad someone's asked that actually, because I don't think it's spoken
about enough. And anyone who's just listening, the question was, what do you take on fuel. Fuel from a tech and team perspective are like up there with the best.
I just don't think they've did a good enough job of positioning themselves in the market
and like actually finding a way to tell people what they're all about
that isn't extremely jargon heavy and isn't kind of selling a product and not a solution.
So I wouldn't discount them because they've got more than enough there to kind of pull this around particularly when every single raise I'm seeing recently and new enough, all the infrastructure teams that we're speaking to
at the minute, it seems to be,
the industry is pushing towards that's how perform
can we get these machines?
And how perform can we get these networks?
And that just seems to be this like huge momentum driver
in the industry.
You've got MegaReef, Monad, Forgo, Somnia, like all these
teams that are like there's all trade-offs in between them and it's like I think Fuel,
they can stand a really really good chance if they get that position in and
their communications right of where they actually fit in that new cohort of extremely high
performance networks and I think they will do it,
we're going to have a lot deeper of a look
at what they're actually doing there,
so you'll start seeing a lot more.
We're trying to kind of position it in that way,
so everyone here who's listening now
might actually understand what the fuck's going on over there.
Because every time I've been over there,
I've felt extremely developer-heavy,
and for good reason, because, like like under the hood, extremely strong tech,
but you've got to cater towards attracting people
to actually want to be over there.
And then that begets a flywheel of builders
want to be over there because there's users.
And that whole flywheel kicks off.
But yeah, I wouldn't discredit it,
particularly with the industry movement
towards valuing high performance systems.
So apparently, CryptoTube wants my light.
You can't have it.
It's mine.
I have to fight him for it.
So just if I may comment on Fuel.
I've had the pleasure of meeting Nick, who's obviously the lead dev and the CEO of Fuel.
And I've said it before, and I'll say it again.
I consider Nick to be one of the brightest dudes
that I've met in this space.
But I think at the same time, it's a double-edged sword.
Because of what Grant was saying,
it's kind of like this hardcore-core, dev-centric approach.
And it's about Nick as a perfectionist, he sees the shadows that something is casting before they even cast.
He's just one of those dudes. I mean, he's just super focused, knows exactly what this product needs to look like.
So from a dev-centric delivery perspective, Fuel is arguably one of the best, yeah, 100%.
The things that's lacking right now is, and it's just to answer the question around about the fuel token,
because it comes down to, you know, why is the token not doing well?
And the rest of them, it's like, I think there's a number of things.
It's like, community is one of them.
I think there is a community there, but I don't think the community has been honest in a way that it can rally behind this idea, this tick, this, the genius of what this thing is all
about. I mean, if we're talking about things to buy, we're talking about things to buy
this right now in terms of what this chart is doing right now, if this isn't something
to buy, I don't know what is. Even if we didn't know what this thing was, that looks pretty nice.
So I think what's in store for Puehl is that there is a commitment from my understanding to actually
go out there and do better education and better insight into what it is that they're doing and why they are exceptional, why they are,
you know, the mega-ETH, the monad, the all these other fast TPS networks, how they essentially are better and, you know, what does that actually mean? So I think that's on their agenda.
And like Grant said, we're going to try and present the cold hard facts around this and
we'll see what comes out and we'll let you guys know.
Yeah, I think like with all those,
like we mentioned there, the Monads and Mega Reefs,
Fogor's really interesting, coming online soon as well.
Somnia, I think you might even have a piece on those.
So like what we've seen internally
when we've been looking like, what should we cover?
Like where's the industry headed? Like try to do a bit of trend forecasting stuff
Like everything is going towards extremely high performance systems like super super super like everyone's trying to like one up everyone
You're doing 100k TPS. We're gonna do a million like fair enough and like
That's how the industry values
Like And like, fair enough. And like, that's how the industry values
like networks and the throughput of specific protocols. We use these like specific benchmarks,
like finality or confirmation times or gas or TPS.
And then everyone's like,
oh, well, I understand what that benchmark is
because I know that so-and-so has this.
And then I can kind of like give it a reference
to understand that it's all relative to one another.
So we've set ourselves these like weird benchmarks
that everyone compares himself to.
And that's like front and center at the front of the deck.
It's like the first thing you see on a landing page.
They all have trade-offs to how they get to that point.
It's either extremely high-performing rigs
that most majority people kind of fall to ruin.
It's not commodity hardware.
Maybe there's trade-offs with running on an extremely centralized system or maybe has a
centralized sequencer or maybe it's run and validated by a really, really small network of
nodes. So everything has a trade-off and there no like amazing solution. There's only trade offs like as people say. So I think for the likes of few
and all those other networks, just previously mentioned, it's you got a kind of like go
to battle in the arena that you can win because there's going to be people that believe in
the trade off that you've made. And it's like, well, how do you then arm those people with
the right phrasing and the terminology, the
one-liners, the two-liners?
Like you go to the fucking r slash xrp or r slash ripple forum.
Those fuckers are, they just say the same catchphrases, you know, like the, the Buzz
Lightyear I mean, where they're all just kind of like saying the same thing because they
know they know they're going to flip swift.
They know they're going to replace the banking system.
Like they know the one-liners is they probably don't have a fucking clue
what's going on under the hood beyond those like five little catch phrases
where you pull the cord in the back and they may say the same shit.
But they can tell like the person down the street, like what it's all about.
And just bamboozle them with the same five lines that they all say.
So it's like these kind of like really small, fine details that everyone
needs to be aware of
if they're wanting to pull in the same direction.
So, but we'll see, but like TLDR,
the industry's moving towards extremely fast systems.
So we're gonna see who wins that race.
So this is a really good question.
So like, could be an insanely dumb tech,
but what's the point in the other L1 and L2s
when Sonic exists exists and I think
the answer I think the answer from a tech level you could argue well that it's not a dumb tech
because you could argue well you don't need them but this is what this is why we've been chatting
about this is that culture community whatever you want to call it that's so much a part of this
whole equation that without it you you don't have anything.
And those people have found their loyalists.
People will die for something like Arbitrum.
People that don't really consider,
like haven't spoken about Arbitrum in months.
Maybe you could argue for maybe over a year now.
But people still use Arbitrum.
People love using Arbitrum.
And this comes from being comfortable in the space,
knowing that your funds are safe
and that you have your go-tos when you're on those platforms.
So it's not just about speed and convenience
from that perspective, it's about culture, community,
and a sense of belonging.
And I think that's the most difficult thing to get right.
But when you do, then you are an XRP.
I mean, look at
Carbongo, dude. Like, is there really anything on Carbongo that is in any
stretch of the imagination, practical or useful on that network? The answer is no.
And please come on to the stream and convince me otherwise. I won't shout at
you and I won't threaten you, but I'm open. I'm open. Come around. Yeah. Every single
project we've just mentioned in the past 10 minutes would kill to have
that community aspect that either one of those absolutely got because they,
they just got, they just got a bottle. The like, they go and spread the gospel.
They like the much in whole XRP for the past like seven years,
you've got to be a special kind of individual.
If I could put it that way, I don't know.
Apparently one of the news networks had put out a bullish report on XRP seven years ago,
and the people that bought then are now only breakeven.
that bought then on now only breakeven.
Well, in between that fucking infinite money glitch,
Rosebud, Clapacus cheat that Brad garlic bread houses.
Insane.
That is an infinite money glitch.
Like it really is.
And only 57% of the tokens are art in the wild
and the other 43% are still some.
So he gets to do it again.
He gets to do it over and over again.
Like every single major pump that happens on this coin,
I promise you, it is very safe to assume
that there is some kind of fuckery going on somewhere.
Do we need Ethereum but on Solana or Eclipse?
So this is my take on like the two,
I'm gonna band these two
questions together and like, so Fuel, what's the point of L1 and L2 when you've got Sonic? What's,
do we really need Ethereum but on Solana which is Eclipse, right? So where, in my opinion,
and this isn't even a hot take, I hear people who say hot take and then just give made opinions
because that's what Twitter's turning into at the minute.
But where all this is heading is
with the way that the industry is moving
towards account abstraction, chain abstraction,
even asset abstraction, so you're not even knowing
that you're interacting with USDC on several different chains
or USDCE or wrapped USD, like see see like that is all going away, right?
So if you're imagining like a user experience
where you're literally just logging into some form of portal
or some form of desktop app or a mobile app or whatever,
whatever the application like the,
however it's kind of stored.
Something like an Infinex, maybe something like ParticleX, X maybe something like there's a few of us are about to come online
that everyone's trying to solve this specific issue so that is just gonna
present you in a way where if you're operating out your wallet or the portal
you can access any of these applications no matter what chain they're on or you
can access any of these assets no matter what chain you're on you will not know
you're on a chain. So what happens then?
So how does a developer choose where to deploy?
So Sonic and Eclipse are two really interesting examples
because they have fee monetization.
So if you are a developer and you're choosing,
should I go and deploy my own L2?
My overhead costs are gonna be an absolute fortune, you need a block explorer you're choosing should I go and deploy my own L2? Right overhead costs are going to be an absolute fortune, you know block explorer you need oracles you need
Indexes you need what providers blah blah blah, right? So you're not going to go and do that What about if I go and deploy on solana? All right, that's a feasible option
What if I go and deploy on monad? Okay feasible option
The difference becomes,
are you getting support from the underlying network,
which will feel invisible to the end user, hopefully,
if you've got a good application,
they should just use it
and not actually know that's on crypto rails.
But then like the added benefit of Eclipse and Sonic is,
if you're driving a shit ton of activity
towards your application, which in turn
is gonna cause a lot of gas to be spent
on the specific network,
hopefully you do not know as an end user
that you're actually spending gas.
It just comes off the top balance.
So you're swapping USDC to USDT for example,
the gas is gonna be absorbed in that USDT swap.
So you won't even know, you won't even need the underlying Sonic
or the native token to actually perform that swap.
So what this results in is a situation where
networks and ecosystems have to champion
the developers first and foremost.
They also have to cultivate a culture of,
I've got this extremely strong community now,
we need to go and get them a lot of really,
really good apps to go and use, right?
Because you're using these apps,
you want to count developers in.
Doesn't necessarily matter what chain you're on,
but it will, because if you're on Solana
or you're on Monad currently, or on Ethereum,
or any other L2, if you're driving a load of gas
and activity towards that specific network,
they're just absorbing all that.
Like the validators are getting the redistribution
of all the gas that's been getting spent on the network.
Or if it's an L2, their business model is literally
how much gas are people paying on our network
and how much minus how much does it cost to settle back
to Ethereum or an old DA solution.
So their business model is sequence of fees and protocols.
I'm getting that currently, but on Sonic, you've got fee monetization and on
Eclipse, you've got a similar sort of mechanism where applications are getting
kicked back if they're driving gas towards the network.
So then it does begin to matter.
So we've got this weird world where networks really need to champion consumer-facing apps
that will bring in users that won't even know that it's on a specific network.
So that's the dynamic that's about to play out.
How do they bridge that divide though?
Is it kind of like this process of integrating into kind of like traditional finance
systems or traditional finance systems coming and integrating into the network
itself. I mean, where does that, where does that crossroads happen in this
equation? Because right now there's a clear separation, you know, like, how does
that get addressed?
I think everything just circle and tether probably benefit from this the most.
And any other stable coins that come online, because that will just be the
predominant asset that is used across basically every application.
Think about Revolut or the cash app or any of these, it's going to be a similar
sort of feel.
Not many people are going to be fucking around. There's
a load of account abstraction wallets now where you're just going to be able to go to them
and there's going to be strategies there. So I don't know, I want to earn 10% or the highest
yield that physically can on ETH or USDC or even Bitcoin to a degree. Because a lot of people are
starting to find ways to integrate Bitcoin into these systems and then there's going to be options presented for you that reduces any operation
or any opposite issues so you don't have to go find the actual site yourself. They're
going to present it. They're probably going to take a little fee. So the whole UI UX of
crypto is about to change. But as you well know, because it took you a while to move from Metamask to Rabbi, and
then once you moved, you're like, well, that felt fucking stupid.
That next step is going to be we move to any one of these like really good account abstraction
wallets that come online and be like, well, now Rabbi feels stupid.
Yeah.
I mean, that's, I mean, just kind of like speaking about those kinds of products.
I mean, right now, if you're Rabbi, that's what you need to be looking at is like
how do I integrate into pure account abstraction and champion that course from
a business development perspective, right?
It's kind of like, well, I want to be on the phone with BlackRock and I want to
facilitate some kind of a solution that will allow for anyone to buy and do it in
wallet. How good is it when you get an airdrop claim and you got a fan?
And it's like claim here.
There's no like fuckery.
It's like, it's in the wallet.
You know, it's been sent direct from the team.
Like, like the infinite one is pretty good.
The other day I claimed some Pengu.
I didn't realize was there.
And it's usually if it's like go to a website, claim track,
yeah, simulate the transaction. Is this actually worth claiming? Like even though it's like a nice
sum of money, it's like what's the risk? Oh dear, like just even stupid shit like that, do you know
what I mean? Yeah, I mean it's, I think I am genuinely like fascinated and interested in what that looks like.
I mean, I've got ideas and you obviously have painted a great picture,
but it's like I almost want to fast forward and be there and see it in terms of like,
I mean, just even look at the last cycle and how we did stuff on Avalanche.
And then even Defy Summer before that,
where it was just kind of like,
you just wanted the fix that you were willing to endure
any pain and suffering along the way.
And it's changed now.
Now it's kind of like, well, if it's not easy or easier,
I'm not interested.
I'm like, I kind of just don't even care anymore.
I've reached, I've honestly reached that point
where it's like, if you're not willing to make the effort,
then well, screw you, I'm not interested.
Yeah, I think those are, those kind of wallets or portals or whatever the terminology we
we land on probably will be wallets. They just aggregate everything. So instead of just like
how Jupyter acts as a aggregator for all the dexers on Solana or.
So what's interesting about, Grant, what's interesting about that talk that
Haseeb did at East Denver, which I mentioned at the beginning of the stream
to any of you who are wondering, just go to Haseeb's, so he's a managing partner
at Dragonfly, just go to his profile and check the talk he did.
He talks about wallets and he talks about how
the scenario is as follows, like your wallet will
end up becoming your financial advisor. It will actually alert you to opportunities. So whether
it's an airdrop, whether it's an opportunity for this or that, it doesn't matter. The point is that
you will have an AI that essentially becomes your financial advisor in inverted commerce.
I don't know about you, dude, but I find that to be absolutely the bomb. I mean, that is just an
absolute game changer. As soon as we reach that paradigm, let's game on, dude. Like this, then,
then all these, these bears who are going on about our cryptos fucking over and it's like it's a waste of time.
They have no clue what the hell they are talking about because there are serious builders in this
space who are doing some mind-bendingly serious things and to be dismissive of that kind of stuff
is in my opinion like beyond stupid stupid. Like you really need to take a step back and stop worrying about
the fact that your bags are going down and actually take note of what's really happening
in this space and then position yourself accordingly next topic is kaito i want to chat about these guys
again yeah there uh i mean i think we're just trying to find a level which we might have found here to be honest. Yeah
So, I mean I love the product I love Carter I love I love you and the team
You know disclaimer we did we did do an early investment a small early investment in Kite, uh
But it doesn't change I mean this thing could be at zero, in my opinion, around who they are and what they're doing
would not change categorically.
Like, they are so in the zone of what they're trying to do
that I even think they're going into territory where things are
going to come up that they didn't expect,
and they're going to develop new products around it.
Yeah, the first, I don't know if we previously mentioned this, apologies if
I already have, but the first instance of that, what I think is going to become quite
apparent is they can technically change, teams can use Kytor if they're going to productize
it, I don't know, but they can technically use Kaito or to change vesting schedules based on KPIs.
So the mega EIF fluffles sale, I believe it's going to be a linear vest.
If, if there is a token, I'm pretty sure there will be, um, apparently there's
going to be like a linear vest and then I don't know if it's using Kite or API
or some social sentiment,
but if I was reading between the lines,
it looks like if people have continued interest
by creating really good content around what's happening
in this example, the MegaEath ecosystem,
that can actually accelerate the token vest thing
for the person who's actually doing it
because you link your Twitter and you link your wallet.
Um, so there's a lot of like really nice products that could come off the back
of it just by having this, I suppose it's in a couple of parts, right?
So it's the wallet and Twitter connection, which is probably done from
privy to be honest, but it's, it's the Kito engine that basically sorts what's good content and what's terrible content.
Yes, it can be gamed by people trying to farm and people figure out little micro trends and then jump onto it.
But the team kind of keep that engine updated and stuff like that.
It's a game of cat and mouse. They kind of keep up with the changes that they make.
So that's only one aspect of it. But I think that could like physically change the game
entirely for how tokens come onto the market.
Because if it just becomes, right, let's buy this,
give me our tokens, we're just gonna immediately dump it.
Then you also have reputation and credibility as well.
So then it starts to build a bank of,
well, who are these people participating in these sales? And then I know the Avalanche ecosystem had something called shame fire. They have a week
Where they were making you connect your wallet to claim your free sale
But then they'd also create a leaderboard if you just dump your tokens immediately
So that was called shame fire
nice
So I did I actually funny enough saw a project and I do apologize, I don't remember who it was.
I don't think it would be difficult to find, but they were essentially leveraging exactly what you're talking about with Kato in terms of wanting content from people out there.
We will monitor what it is that you're putting out there from a Kato centric perspective and we will reward you accordingly.
Go out there and make it happen, ladies and gentlemen.
If that isn't a game changer
for content creation and participation,
sure, there will be people that will game it.
Sure, there will be fuckups along the way,
but for goodness sakes, we are on the right track here.
Surely, this is one way of doing it,
and there'll be others that will come from this.
I believe that these guys are essentially setting a precedent for truly an info fire narrative and discipline that will end up showing itself into
the future that I don't even think we could even have imagined would be the result. I think that's
what's happening. I think they're on a category of their own as well. I don't know. Can't agree if they're on as well. I don't see anything anywhere near this whatsoever.
No one.
So it really is an authentic product.
And yeah.
And the other thing is, in this space,
it's actually not about the product most of the time.
It's actually about who's doing it and who's developing it.
Once again, I've met you, who's the founder.
He's got an incredible insight into the space. I mean the guy was previously at
Citadel. I mean he worked at Citadel. The guy knows, he knows the moving parts of
the machinery that is markets. He knows. But he's a great dude and he understands
and he has tremendous insight into what it is that he's trying to build right
now. He's the kind of guy I believe that if you had to walk in and offer him an
insane amount of money and say, take the money and walk away, he'd say, no, that's the feeling
I get about who he is. And there's so many people like that in this world. So I will
remain bullish, kiter, irrespective of what the price of this chart looks like. Like I said, even if it was at zero, I'd still think they've got the right thing
going.
100%.
So I'll show you these two products that I've seen this week.
So I've been following dev.fund for a while.
Yeah.
You told me about this.
Yeah.
This kind of like captures like what I was saying at the beginning.
If, if the cost
of application development is going to zero, you start seeing these grassroots solo printers pop up.
This is one of the platforms that's on Solana where you can kind of tokenize it if enough
people get behind the idea. So Biddle seems to be the DAO for all this it's like incubating some of these teams that are
actually going towards pushing this sort of shit out so any kind of like vibe coding mtp style meta
then i think this might be one of the platforms that captures a lot of that very very very early
did try out one of the this product, Wallet Peak. Basically someone just, I suppose,
Vibecoded their way into creating it and it put me in the crypto chart, Degen Ape. Can't agree here,
so quite happy with that one. But this is just like one of the basic products off there.
But I think if something's going to capture the attention of this kind of
movement, what's happening in AI and ideas guys becoming even like very
entry level devs, this is a good one.
And then I met with the team from Ohara last night, who are fucking great. They're definitely more from the realms of AI
and less so crypto or more recently crypto, should I say.
Very, very strong backing from,
I don't want to kind of give the game away or anything,
but some very prominent kind of figures
that have led some of the biggest rounds, like angels,
in the past 20, 25 years.
I don't think they've announced it properly yet,
so I don't want to spill the beans on it.
So this one's built on base.
Very, very, very competent team.
No token, but a similar sort of situation
where you can just go and basically one click or two
click deploy.
What would you like to create?
I don't know, what do we want to create?
Fish.
Fish and link scanner for meetings.
So that will just go off now and create me the code for that.
It'll probably be very kind of, well, it's obviously going to be extremely entry level
and you know, one look all pretty and stuff like that, but then you can kind of take it
away and then run it and expand on it and stuff like that.
So this is happening where we see tokens with these kinds of products.
I don't know, but anyone's been following Peter levels
where he's took cursor and Claude and Grock
and basically created this flight simulator game
where he's now up to 85K a month
in monthly recurring revenue for advertising
by purely just creating the code from AI.
So think about how these people look at people like that.
And if there was a token attached to it
and all the products that never really got off the ground
because there was no kind of way for them
to actually get to market effectively.
And you throw a token in the mix,
which is obviously the greatest mechanism
of social coordination that I think the planet's ever seen.
And you kind of get over this cold start problem by using tokens as incentives.
And yeah, so that's about this already.
So I could probably scan a link in there to meet in URL and see that.
But like this, this is obviously like very stupid example, but what I'm saying
is people way smarter than me are going to be able to use these tools.
Maybe there's going to be tokens attached to them.
Um, and then you get that kind of like go to market steroids.
And then it's all about the teams that can maintain the attention over time.
So no, we haven't covered N1.
I don't know what that is.
Yeah, it's tough to keep up with everything all the time.
It's what we love about what we do, but we also miss a lot.
I mean, I wish I could hire another 30 people
and just do everything, but it's not easy.
Tell us what N1 is.
I don't know.
What's that, Grant?
Don't know, should we have a look, see if we can find it.
Send us a link, Newtap.
Send us a link so we can check it out.
Might as well do it on here.
Yeah, I mean, if you did dial into Shuttcoin Church today,
I hope we've given you guys some food for thought.
Grant always throws curveballs on Shitcoin Chips.
That's one of the reasons why I enjoy doing it with him.
It's not just to kind of like wave our hands around.
It's just a kind of like we don't always
get the chance to kind of check in because we're so busy.
And this is a great platform for us to kind of like share
thoughts, not only for you guys, but between ourselves as well.
So thank you, sir, for sharing that stuff with me.
I mean, I think that developer platform is fucking insane, dude.
I mean, that's a game changer. Nice.
I like the logo. Wow. Nice logo. That looks great.
Yeah, this is this is cool.
I think we had this on our we have this kind of internal this where we script cool. I think we had this on our,
we have this kind of internal list
where we scrape protocols.
I think we've seen that on here,
but yeah, I like the look of it.
Definitely hope that in that kind of like ballpark
of what you've been talking about.
So expect a lot more of this, I think.
That's cool.
Maybe it's, maybe we need to reach out, check what they do.
Thanks for sharing.
Utah, that's a good one.
Yeah, it's a very good one.
So end of March, you say.
OK, looks good.
Looks very good.
So just coming back to kind of like finding bottoms,
Gaz was saying, CryptoTube was saying in chat
that Fartcoin looked like the fuel
chart 40% ago. So I'm a little bit conflicted about this. I'm going to share my thoughts
around Fartcoin and kind of like maybe too much of an association with what I think has
been maybe a little bit of a negative in the space.
Not like hugely negative, but I think the meme coin thing really was a bit of a snake bite and
you know maybe there wasn't a death, but I think there was severe you know poisoning and I think
the space is really still reeling from that. And what I find a little bit frustrating, but at the same time also pretty cool
is that everyone seems to gravitate back
to this crazy thing.
It's obviously got all the right ingredients.
And I think more fun things have been said about a meme coin.
I don't think anything's come close to what Fodcoin has done
from a mind-sharing meme coin perspective. Even Pepe, I don't even think has come close to what Fodcoin has done from a from a mind share meme coin perspective.
Even Pepe, I don't even think has done what this thing has done. Even though Pepe is very much
entrenched in in crypto culture. So the frustration is like why do we keep on going back from a market
sentiment perspective to to something that effectively hurt quite a lot of people, or the narrative hurt so many people.
Is it a case of PTSD or Stockholm syndrome?
What do you think it is?
Or do you just think it's such a?
Stockholm syndrome, the abusive husband.
I apologize for the long delivery, but you obviously get what I'm saying.
And it's like, but in all seriousness, is it Stockholm syndrome or is it just kind of
like, well, we do still crave the fun aspects and like, we just want to, we want to play
and this is just the best one at the moment.
If this runs, you want to be on the party bus.
Like you don't want to, you don't want to watch everyone drive by and having fun with it.
So it's one of those where you want to be on the party bus.
I'm going to have to actually wrap up.
I've got another meeting.
Cool.
Yeah.
So we keep getting asked by our team internally to ask you to subscribe.
So if you're on YouTube, please do that.
Kind of helps with discovery and so on.
New people that are like-minded to the people like yourselves can find it.
And it's really, really hard to go on YouTube if you're not willing to do the clickbait,
thumbnail, shocked idiot game like all these Moonboys do.
So we try to keep it real and just go about the right way.
So if you could do that, be a massive help.
If not, fair enough.
See you next week.
And yeah, over and out.
See you.
Cheers, guys.
Got to run.
