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Kuru Live - Ansem’s Gut, $USDH Wars, and More
Recorded: Sept. 10, 2025 Duration: 1:31:40Space Recording
Short Summary
The crypto community is buzzing with excitement as discussions around upcoming projects, potential partnerships, and the anticipated launch of Monad's mainnet dominate the conversation. With a focus on growth and trends, participants express optimism about new user adoption and the evolving landscape of crypto, highlighting the importance of innovative narratives and community engagement.
Full Transcription
*** Don't nobody else make me feel like
Don't nobody else make me feel like
Don't nobody else make me feel like
Don't nobody else make me feel like
Don't nobody else make me feel like Don't nobody else make me feel like I I feel like ooh, so now nobody else make me feel.
Yeah, don't nobody else make me feel like ooh,
don't nobody else make me feel. Ooh, don't nobody else make me feel like ooh,
so now nobody else make me feel. Oh Yeah. Don't nobody else make me feel like Oh Don't nobody else make me feel like
Yeah
Don't nobody else make me feel like
Don't nobody else make me feel like
Don't nobody else make me feel like
Don't nobody else make me feel like
Don't nobody else make me feel like
Yeah
Don't nobody else make me feel like Oh, yeah. Oh, yeah. Oh, yeah.
Oh, yeah.
Oh, yeah.
Oh, yeah.
Oh, yeah.
Don't know if I can just come back to me. Music you you you
you you
you you you you what's up
cozy
what's up
good morning
Wednesday
happy to be here
934 AM
we're doing it
yeah KB I'm doing well how are you doing I'm doing well I'm doing well Wednesday, happy to be here, 9.34 a.m. We're doing it.
Yeah, KB, I'm doing well.
How are you doing?
I'm doing well.
I'm doing well.
Finally kind of catching up with time zones and sleep.
And it's still a little early.
But, yeah, we're cooking, guess.
Oh, yeah.
You know, we're cooking.
We're back.
Yeah, this is, what, I guess second week in a row that's been normal.
I think next week we'll stream, but today, Standard Space, been an interesting week.
I don't know if there's been anything like insane that's been happening per se, but just like interesting, just like random stuff, pinging around.
We're kind of just like ranging.
So I don't feel like anybody's been like euphoric or well.
OK, no, yeah, people, people have been depressed for sure.
But nothing insane, I guess.
Like some people have been Doomer posting.
But yeah, I don't know.
I don't feel like there's anything conclusive.
But but Monic cards round two closes today, KB.
I think that's real.
Oh, boy.
Wait.
Like the claim window.
Okay, okay, okay.
Yeah, yeah.
Didn't get mine.
Real, right?
Man, I was, like, I already loved i already loved g van and louie
they've kind of been stepping up their game on the timeline i feel like lately like g van has
had some like really good shit posts like he had one where he was like he was like oh like you know
hey anon it's okay like you didn't you didn't make it on to thread guys
ct uh top 75 but at least you got a monad card right that oh my gosh such a good tweet and the
king louis videos are unbelievable he's actually really good it's like shocking how good the king
louis videos are i'm like man this guy actually like King Lou like when you see someone starting
to do stuff like that I don't want to say that it's guaranteed that they're going to like go
viral or be successful but like I think that King Louie will probably have like 50k followers in
like the next year like I would probably bet on that um yeah kind of wild he's really he's really getting after it oh man he cracks me out man and he's like and if you like me like i got to meet king louis and
like hang out with him in greece like this is actually how he is yeah yeah so it's amazing i believe it the uh the like the one where he's like i'm the one where he's like
holding a glass of wine and he's like talking about the nfts it is so not only man and like
i could i feel like i could write like a whole like phd like about this but the reason to me
why it's so funny is like he's just like so spot on like he
i'm gonna sound like a midway talking about this but yeah no i mean he just really he like it just
is funny but also like hitting on a realm of truth it's like just tell just tell them it was
so good dude i'm fan dude it's it's so real like one of my first, like, very early on in the space, and I, like, I don't know, I was, like, probably sub 4k followers or something.
But I, like, my first kind of, like, Web3 job was, like, being, like, a community manager for, like, an NFT, like, obscure NFT project.
And, like, at this point in, like, my little crypto career, like, I was still very, like, you know, NFTs are still, like, NFT project. And like at this point in like my little crypto career, like I was still
very like, you know, NFTs are still like a thing. And I was still, you know, not as jaded or thought
that like, you know, we are going to make it. I don't know. I was still hopeful, I guess, on like
what NFTs were. And so I'm like talking to this founder and he's just like, yeah, like we're going to make like we're going to get this NFT.
We're going to make a second NFT.
And I'm like, OK, well, like what is the second NFT like give you for like value?
He's like, it's a second NFT.
And I'm like, wait, what?
Like there is like zero plan that he just like thought the entities like were the
were the value in itself and like that's when i knew i had to quit
yep yep no that's real i mean that just uh that makes sense the the i mean like the
yeah there i mean like there you can't now being a being a community manager is kind of like a defined, like, understood role.
I think, like, community managers existed before Monad.
Like, I don't think it was, like, all, like, Bill Monday and, like, the Monad team that, like, kind of brought this about.
But, like, I guess maybe being a community manager was kind of like a shit
job like back in 2021 because it was mostly for like rug core nft projects i feel like i don't
want to be too but i feel like now it's been like very legitimized like people don't see it as like
you know like a scammy occupation but like kind kind of previously, it was like very fake.
And it was kind of like trying to like,
like people talk about being a cult leader now, like jokingly.
But that is a lot of what like 2021 NFTs were.
Like people were trying to get you to like drink the Kool-Aid
and then literally die.
Like because you would get like dumped on by like the project,
like going under or whatever. Or like this sort of still happens i guess i guess with meme coins it for sure does
but like the promises that would be made by nfts back in 2021 were so crazy like even just at a
baseline of like hey guys we're building staking and then it's just like oh the dev died like he died we're not doing
staking anymore or like we're going to do like a pro we're doing a product line of merch like if
you i got a shirt one time from an nft and i was shocked i could not believe that they had actually
like shipped me a shirt in real life it was actually it was actually insane so we've in some
ways we've come a long way.
In some ways, we've not.
So yeah, what can I say?
I definitely think the job has evolved.
And I think also because the space has evolved.
And in 2021, there wasn't really anything besides NFTs.
And then you had like, we had one NFT market.
We had OpenSea.
And then we had Uniswap right we didn't
even have like trading terminals um so there weren't that many protocols kind of out so in a
way like we have grown um i do think that we're just creating the same things on different chains
um but obviously the tech is going to be different um and then you have like all these like L1s and L2s.
You know, there's a lot of jobs in like the L2 fields. And that's something that I tweeted out the other day that the and this is something I've been feeling for a while because I've been you know, I've been here.
Yeah, I've been in like the crypto community since early 21.
Yeah, I've been in the crypto community since early 21.
And I've kind of grown with a lot of these midfluencers slash influencers.
You know, I think I followed Threadguys sub 10k.
And like, you know, that's kind of how I got my Threadguys follow.
how I got my thread guy like follow um and you start to kind of see the entire community like
break apart and everything's become like very fragmented like being in monad I'm not really
connected to these people that I was connected to like two three years ago and there's a whole
other side of like ct whether it's like people who are new or i just
wasn't connected to you know before um but then i see like some really good friends that you know
we all grew together in the same nft communities like they're on you know eight chain or they're
on abstract or they're on you know mega eth and and so it's becoming like you know um and i tweeted
like the crypto communities becoming a fragmentation of talent being hired at protocols that all do the
same thing but on different chains that are all competing for the same 10 000 active users
so you like go to these spaces with these people that you're kind of trying to target and that are you know
in the same you know time frame as you have the same experience as you and
they're working for a protocol that's doing the same thing that you're doing
just like on a different chain so it's and you know we've all become we're at
the point of the cycle where we're all kind of getting hired out um because maybe the trading isn't so
good right the only thing that's really going on is like hyper liquid and I don't even know
like the only people making money right now are people on hyper liquid and then um and
there's some other one I already forgot um But another, like, obscure, like, you know, like, alt.
And you're just kind of like, oh, okay.
You know, and if you're, you know, for me, I've just been so head down in Monad.
And haven't really been able to kind of explore like I did before when I was a free agent, right?
Like, I was always a chain hopper, like volume seeker,
you know, things like that. But kind of being like, in one thing, you know, you do kind of
have a disadvantage of like the market in a whole. And I think that's because like, we're not live
yet, right? It's been like, I think, almost two years now that I'm kind of in this, you know,
monad little bubble, but I'm very excited for mainnet um i am so excited for our
turn at this point and i am just like you know i'm like i'm like all right like i've i've put in
and a lot of us have like not just me a lot of us have put in this bet we've put in like this time
of like okay well like you know it will be like our turn um and i think that's what you know hyper liquid kind of had that uh had that um that run uh i've been trying to like look into
what i've been missing or you know um haven't been doing too much on chain and yeah like i'm so
out of the loop because i'm just not on hyper liquidquid. So yeah, interesting stuff. I'm excited for Mainnet.
Yeah, yeah, no, good points.
And I think the Hyperliquid is interesting
because it, well, one,
there's a lot of things about Hyperliquid
that are interesting.
I think that the most, it's both appealing
and kind of like off-putting in some sense,
is that Hyperliquid is like no frills.
It is like a car that doesn't come with AC.
It doesn't, like you have to like roll the windows down like with your sleep.
Now, this is not a tech thing.
The tech is really good with Hyperliquid. What it doesn't have is any of the frills that you've come to expect with crypto, right?
It has no...
It does actually have...
It has just the littlest bit.
It has NFTs that don't even exist yet that sell for like 70 grand per the cats.
I don't even know what...
I think that they're cats um but like but
there's no like there there is a community but there's not like the classical like things that
you've come to expect and all of it is stemmed from trading which is pretty esoteric to most
crypto participants even though they consider themselves a traitor like it is like kind of just like going to the
arena and like the way to win on hyper liquid there's not a lot of like fun stuff you don't
really hear people be like the future of gaming is on hyper liquid or like the future of rwas
is on hyper liquid that's stuff that has like normie appeal basically i guess what i'm saying
is like hyper liquid is like i don't care about normie appeal like they want like cie appeal. Basically, I guess what I'm saying is like hyper liquid is like, I don't care about normie appeal. Like they want like CT appeal. And so by doing that,
I think KB and like your app, like write up or little post that you have, which I think is
pretty much right on, I pretty much agree with you. They're basically saying like, hey, we know
what these 10,000 users want, and
we're going to win them by giving them exactly what they want, nothing more, nothing less.
And like they have like in a lot of ways done that.
And honestly, for Hyperliquid, they have something like 30,000 monthly active users, and they
do like one and a half billion dollars a day, which is insane.
Like Web2 would just like blow their minds like for
something like that like they would love that would that would be amazing for them right and
it's and most of the other chains i the only reason why i don't i mean you're i know that
you're being hyperbolic there for a reason but like these chains are saying like we want to throw
wide the gates and we want to be building for the next, you know, million, billion users, which is pretty lofty.
And so you're always caught in this like thing where crypto is just tricky and non-intuitive enough for people to really need like a high barrier of entry to understand and to like get into it.
But also like at the same time, most people are trying to build for the future, build for normies,
build for retail. But if you build for retail, the people that actually know how to use your
product won't want to really. And if you build for CTt the people that you want to onboard it will be too challenging
for them so like you can build and but the ceiling is still pretty high to like build for this to
build for you know 10 20 30 000 people in fact the ceiling is like clearly huge like the ceiling is
like 40 billion or however much hyper liquid isid is worth. It's pump fun.
And like, because the only other thing that I think we're missing is that Solana is still doing pretty well, actually.
Like, Solana, this is kind of crazy, KB, but Solana's back at 220.
It's over 220 right now.
And pump, like the trenches are kind of, I've been surprised that despite people being doomered about the cycle being over, shout out to handsome,
the treasures have not died in the way that I would have thought with some weakness from Bitcoin
and everything. But yeah, a bit of a ramble tangent. But I think that these are interesting
observations and I think that you're right. But I think the pedal is getting put to the metal.
I think that there are some new people that are somewhat interested.
But I will be very curious.
There probably will not be this huge swath of people in the same way that there were with 2021 that are going to be like, yeah, I'm the class of 2025.
2021 that are going to be like yeah i'm the class of 2025 like i was here when i i joined the space
from bitcoin range from 110 to 120 for like four months like that probably is not probably is not
going to be a lot of people but maybe some maybe maybe i feel like there are people interested
like for sure i think that we've a lot of people have healed from and also there's a lot more
i wouldn't say new money but there's definitely a lot of you know people who weren't around for
the big exchange crashes right like ftx and i don't know all the other little obscure exchanges
that collapsed in 2021 um and so like there's like a new class of, you know, younger generation coming in. And then also, not everybody was invested at that point, right? And so you kind of have this, you know, older millennial class that are just like, well, where should we put our money? All right, Bitcoin seems more secure.
who's more secure. And then with the whole staple coin thing, right? Like, this can honestly open a
lot of doors for small businesses. And, you know, I don't know, I think that this is maybe a good
approach. We just can't really have like a black swan event when it comes to it. And that is what
will hurt us, right? Like if we have another black swan event with some type of table coin, we'll be set back into the 10 years. Because
FTX, honestly, like that whole saga really did take us back like 10 years in the industry, I think.
like 10 years in the industry I think and so yeah I do think there's gonna be a new slew of people
coming in and I don't know if you chaos isn't here yet I think I might wait until he gets in
but the the product that he works for kinetic I mean like that's really really cool so I think
I'll wait until he gets in here to talk about it if he does come in here but
yeah um I can see that onboarding um a whole bunch of different creators and the pump fun streaming
as much as like you know we talk shit on fun and I mean like I don't I'm not very big on creator
tokens to be honest but you know there are streamers who want to make money and they do
make money and you know um those creator fees are pretty they're pretty tempting cozy do you
think i'd be allowed to stream on pump fun do you think you would be allowed to yeah yeah yeah i
think you probably would yeah but i think i think you probably would but i think that like um like i think that you'd have to ask your i mean like i think that the bigger question to this is
like asking yourself like yeah no the creator fees being juiced is actually pretty sweet and
i think that it's created a world where one, I mean, I mentioned that the trenches being
more interesting over the last few months, and I'm not going to show my bags. But like,
I think what's interesting is, I've seen a few memes that are more interesting than I feel like
we had seen in like the six months previous, like like it feels like people in the wake of realizing that maybe there's a more sustainable way for pump to reward its creators that there are
some better quality projects and you can kind of see the vision of like how you can use these fees
to not just enrich yourself but also create like an interesting project, even, excuse me,
in some ways, like an interesting Ponzi or like whatever it is. There's a lot of potential there.
And yeah, no, I mean, I think that it's a, I think that it's a real, I think that it's a real
like potential vector for people to get in there i also think probably that pump fun is still
somewhat like all streaming and i hate to say but like only fans where you see these people getting
rich and getting wealthy off of them but they are kind of the like top 0.01 percent right like and then you're like oh well
i could do that now to be fair i think that like probably you already have a falling bet that like
you probably could be successful um and and but some people see that and they're like oh i could
be successful they might not be able to um but i think that there are always things to weigh with stuff like that um but uh yeah i mean
i think that you could stream on pump fun if you wanted to but then again like it would be it would
just be so much cooler if like you didn't have the conflicts of interest with you know maybe
how aggro you've been about not just you you, but the whole industry in some ways has
been about FumFun, done a lot of good, also probably done some bad or things that are not
super helpful for the space. It'd be really cool if you had like a, if like you could blend kind
of like the Pengu streaming model with like FumFun's network effects, you know, like, and just
kind of have, because it kind of feels like abstract has like a good platform,
but like nobody really uses it. No shade to abstract.
Um, yeah, let's talk about it. Like, I mean, like you gotta, yes. Okay.
I think the streaming site is good, but it's,
it's a pain in the ass to get pingu on there or money or like whatever right
and this is just like hyperliquid it's a fucking pain in the ass right and hyperliquid is easy
it's just great no it's not the bridging is not it's it's a pain i i any bridging i'm sorry like
i i just can't this isn't the golden gate bridge like this is some faulty fucking like crypto shit um but abstract is a lot
worse than freaking hyper liquid and anyways and then i mean like example you had and i'm gonna
use cat5 i don't know where he is he's probably streaming but he had been streaming on abstract
for since day one and like at most made a hundred dollars in like pengu right like from tipping and
like they're not paying their creators you're getting xp points now who knows what that's
going to equivalent to right and then it's kind of gated in the sense of like you know they had
their kols and whatever and then he does one night of streaming on pump fun and gets three thousand
and it gets a three thousand dollar creator fee in one night like that's more than he's made in
the six months being on abstract so he's like yeah fuck abstract i'm going to pump fun and i'm going
to stream pump out every fucking night so like then they kind of beat him to the punch and in the sense and like you know i don't know what abstract
tge is going to look like um but the volume there is kind of dying and there's a lot of you know
there's a lot of you know i'm i'm i'm watching it i'm seeing it there's you know there's a lot
of drama in the meme coin sector and i just that happens when you kind of are dealing with these like gator chains in my opinion what did yeah what did you say kb the other day you i'm just laughing
about this somebody was like no coins have bonded on abstracts in the last 48 hours and kb was like
is this news like was this this i was like damn damn, KV. But also, like, you're right.
I was like, you're surprised by this?
Yeah.
Like, who the fuck is talking about abstract meme coins?
Like, you know, I don't know.
Like, meme coins are such an obscure thing.
And I just don't...
Meme coins on L2s make no sense to me.
Am I just, like...
Am I just a hater? uh i mean like i don't
why do meme coins on l2s make less sense than like meme coins on solana i don't
because it's an extra step who wants to do an extra step okay then you're just saying that l2s
don't make sense it's not that memes don't make sense but yeah i mean i agree 100 percent l2s
don't make sense maybe in the sense of like you know i think the creator
aspect like you know on abstract and stuff like that maybe there's some cool games or something
i don't know i don't know but like yeah i mean i've never i've never been an l2 fan like period
so i mean it is quite sad and and the reason why i'm the reason why I'm hesitant to dunk on Abstract
is I don't think that they...
And please don't kill me for this, everyone.
But we're building on Monad, right?
That is why I don't want to dunk on chains that don't have users.
Because one, Monad is not live.
Two, there is a world where Monad live in my heart yeah well where it's quite quiet right like where mana like doesn't like
is not a roaring success off the jump i think everyone should be like prepared for that even
though the community is so large and i think that that will carry us forward we have no idea right like so I think we
have to be careful both from our hearts right like to not be like cruel to to like hard-working
businesses that are like trying to succeed that are not um I have my concerns about abstract but
they're kind of neither here nor there in some ways to this conversation um or other chains but uh but yeah yeah but i mean i agree i agree that like
the l i mean like l2s i there's like a place where you can talk yourself into like the l2
as like a scaling solution it posts back to the l1 like all this stuff but at the end of the day
it just i don't know i don't want to say that everything is this simple, but it just doesn't intuitively make sense.
And like kind of Solana and Monad do.
And so I'm kind of just inclined to go with that.
Maybe I'm just too smooth-brained,
but seeing other smart people agree with me,
that's probably just my take.
So yeah, man, yeah.
And also, like, I will just say,
like, what good meme has ever come out of like an
L2, which is actually like an interesting question.
Really none.
There's never like all of base's memes are trash.
They suck.
They're awful.
Oh my gosh.
It's crazy.
I'm never going to get a job at Coinbase in the future, but, but yeah, like it's just,
it's, they're so bad and they're also fake and
like manufactured just a lot of ones are fake and manufactured too but at least they're funny
like come on that's crazy so um yeah man oh what a hey do you see me as a little boo-boo I pinned it to the top. Yeah, really, I hate that.
KB, they said don't change your PFP,
but your Monad card or whatever is going to be just you.
It's just going to be your real face.
You're going to be a human.
That's so sad.
You could have been a retardio.
Now that's a name I've could have been a retardio or that's it.
Now that's a name I've not heard in a long time.
But remember when retardio was like, like actually like a good meme.
Bro, I did not sell that at the top at all. I actually still have mine because I'm stupid.
And I'm like, my brand.
And now like no one cares.
You know what is shocking to me i admit man i'm about to be like zapped by like the remelia like uh mind virus right now but
like mullady and remelios fell off like i and maybe like and i know that if i say that the
people that like mullady and remelios will be like, oh, yeah, look, you fell for the psyop.
Like, yeah, you thought we fell off, but we've been here the whole time.
And I'm going to be like, OK, cool.
Like, listen, I was there.
I was there when the rings were forged.
But no, it was not that early.
But I was pretty early to Milady.
I had a lot of fun back in the day.
And it was awesome.
Like, people, they're the best
posters the coolest people were in m'lady at the very beginning and now it's still a great pfp i
will say that m'lady pfps are still great uh something in my something has changed and remelios
are cringe now i'm just gonna say it remelios are cringe now i don't know what it is i look at
remelio i'm like this kind of sucks it's because it was ruined by clout and like it was ruined by clout and just like
posers all the worst people were remelios it actually right it started with rosner yeah true
true 100 yeah all bad things start with rasmer. As soon as Rasmur put on that Remiglio, I was like, oof.
Do you think Charlotte Bang was too?
Do you think Charlotte Bang was like, oof?
I don't know, because that one, who's, is it Lucas?
Luca?
Luca?
Okay, Luca.
He, like, they did streams together. And then Luca doxxed.
And he was, like, this, like, beefed up dude with a mustache.
And I'm like like oof you know
like you just you want that like remilio to be just kind of like this like dungeon dweller
like you know bad back issues fucking like and he's like this like proper dude with good posture
and working out right and i mean good for him good for him but it doesn't really like match
like the persona of like what remilio and had kind of, like, portrayed in the beginning.
And so then, like, and then you just kind of, it's just a, and then we all knew that Charlotte Fang was also kind of, like, a LARP from the beginning as well.
So then it just becomes, like, you know, I think, like, the smoke and mirrors just kind of, like, dissipate.
And you just kind of see it for what it is.
And it's just, like, you know, a LARP within a LARP within a LARP.
And that's just people just not being like genuine or real or like whatever.
And, you know, and then like Rasmere putting on the Remilio and then just being everything that Remilio wasn't.
And then them kind of like accepting that, in my opinion, was probably like the peak and it's probably been downhill.
Like if you look at a chart, it's probably the top of Remilio.
Yeah.
Yeah, Remilio's right now are like 0.35 ETH.
That's like, that's shocking.
That's crazy.
They used to be like two or three ETHs.
But then again, ETH was like 1.5K then then you know or like 2k so honestly it's like
not that crazy but yeah lucas doxing was crazy he's he's had an interesting arc do you know that
the saga of lucas while we're just on these like tangents lucas look he's political you don't have
like i don't agree with everything he says he is like. He is clearly one of the best posters on X.com.
He is an unbelievably good poster.
Hilarious, crazy, insane, unhinged.
Long form, short form, he's really good.
Lucas is interesting because he is one of the byproducts of the fact that on TikTok, if you are like one of the best TikTokers ever, you will be rich.
You will be like rich, rich.
And like same for YouTube, same for Instagram.
Like you can get rich there. On Twitter, you kind of can, but it's all like
indirect to like what you're actually providing to the platform. Like you can be one of the best
posters ever on Twitter and you will not get rich. Like you will get like, you know, maybe like
$2,000 a month or like $4,000 a month. That's like nice, but it is like not getting rich.
Very interesting. I don't know that there's, i don't know that there's like any way that twitter will
ever be able to fix that um like it would just be awesome if like you can if you could make parody
with like tiktok and instagram and everything and i don't even know how or why that is the case and
maybe those other people always have to do other stuff like, you know, advertising
or you and the thing about Twitter is you really can post your way into a job.
That's so real.
I don't really know if you can do that on these other places.
I think in some ways you probably can.
But it's more intellectual on Twitter, I think.
So there is like a real win there.
I mean, like I would consider myself like someone that posted their
way into a job right like i think that um but uh but it's just very interesting because now lucas
is like streaming and his streams get like very so it's like you can be really good at posting but
then other things that you do they don't get great engagement which is just like very interesting
because you kind of get like pigeonholed into like the thing that you're good at and you are good at it but if you want to make it you can't just post on twitter like that's not
really a vehicle to making it you have to do something else whereas like most other people
if you're like really good at youtube videos you just make youtube videos forever now it's
somewhat more involved than writing a post on twitter but it's not that different in some ways, depending on how good you are.
But yeah, just that's my philosophical Twitter posting rant.
I it's but it's one of the things that's closest to my heart.
So, yeah, what can I say?
But but yeah, I don't know.
KB, should we talk about the news?
We've had some good tangents, though, but should we touch on some of these?
Yeah, yeah, sure, sure.
Do you have any strong leans?
Anything that you're particularly excited to talk about?
We can talk about that really weird hack.
Oh, yes, yes. um we can talk about that really weird hack oh yes yes oh you okay but you mean the largest supply chain hack the largest wide chain hack in history in history of crypto yeah that stole like
what four hundred dollars yeah it was i i still was like i might have been even lower but you
might be right it was so so low. It was crazy.
Yeah.
Yeah, I'm looking at it now.
Like, I still don't really understand, like, what... Yeah, so they said it was $505.
This was large...
That was $500 were stolen.
A critical bug in malicious code that caused continuous integration,
continuous deployment, pipelines to crash, leading to early detection, rapid response from developer and security teams for malicious
packages versions within hours.
I mean, like, okay, so here's my, here's my thought process, um, because it wasn't anything
like, okay, no centralized exchanges were kind of like of like attack right it was like all on
chain and then you have wallets like metamask and phantom that do have kind of like a built-in
security um for their wallets so like do you think that had something to do with like
not that much money being stolen i don't think so because i don't i oh man and see this is where i don't even fully
totally understand like what happened but basically there was like tooling that was
i think like used in a lot of different apps that got compromised that was included in a lot of
different apps what it could have done was change the routing of your transaction so that it looked like it was going to the place
that you desired to send it to but actually it was going to the hacker's wallet now this is where it
doesn't fully compute for me and maybe if there's anyone here that's smarter and fully understands
this more they're welcome to come up and explain it it seemed like everybody was like this is and
i'm just gonna mean this right okay so i'm not saying that this is actually what
happened but they're like this is insane do not transact on chain like don't even open your wallet
like cower under your bed and you're like oh my gosh like okay and then like two hours go by and
they're like really actually was not a big deal like we found nothing actually and all of and like
all of the posts that you'd
see on the timeline were people being like we are unaffected we are unaffected you might be worried
but we are unaffected and you're like okay cool like i guess this isn't but i know it was a big
deal probably but someone posted i think it was uh i think it was ren from Electric posted like Solana like transaction volumes and it was like the same.
It was like just nothing changed.
So people were still transacting.
So you would have thought if there were like affected protocols that it would hit people.
I do acknowledge that I think this probably was a big deal.
And also, KB, that it came from a phishing email of literally one of these devs.
Like, one dev got phished in an email.
And that's how this, like, huge hack happens.
It was actually crazy.
But, yeah.
Chaos.
Feel free to jump in, dude.
I will say better safe than sorry, man.
Like, if you see all these posts in the timeline out of nowhere
one day just i don't know just if you don't know what actually is happening just don't do anything
that was at least my uh what i did no no real i think that's i think that's smart and like to me
it felt like you guys did you guys do uh like lockdowns in school like
where like you'd be like all right it's time for a lockdown get in the corner and cry and you'd be
like okay dude like you're just like down in the corner like your buddies over there you guys are
like like you know doing like a pencil war mechanical pencil war something like that and
you're like all right it was fake and it's like i knew it was fake and uh then you go through but also like sometimes the lockdown is real you
know so like sometimes you gotta like yeah man sometimes it's real so so i think even though it
was legit like there was a real hack but but yeah i don't know one of those things what's up g van
dude i just found out that you that you took off your stash dude dude i did off my stash what
can i say i was shouting you out earlier though i was shouting you out what happened bro dude i was
so bullish on kuru dude i dude my wife look my wife likes it i'm gonna bring it back for mainnet
i actually might be able to grow it back sometime soon from what I'm hearing
But I don't know. That's just what I'm hearing, but I'm here. You don't have a lot of time
Just you know just saying I'm just here dude. Are you doubting my testosterone? It'll do it. It'll come back
Listen, I'll tell you what there is nothing more bullish than a man who can grow mustache in exactly one
There is nothing more bullish than a man who can grow a mustache in exactly one...
I'm just gonna...
Yeah.
Anyways, you know what I'm talking about.
What?
I don't.
Wait, in one what?
I can't...
Listen, dude.
I'm just trolling.
I'm just trolling people.
I'm just trolling people.
Listen, I don't know what main it is.
I'm just trolling.
I agree.
Oh, okay. That's funny. Okay, that's funny yes okay oh yeah okay nice how are you guys doing dude what is going on what's up with ansem's gut oh ansem's gut feeling i thought the answer had
like something going wrong with his gut it's like guys answer okay is he gonna pull through like let's yeah let's do thoughts
there's there's always something wrong with that guy last time he was in prison i was like
maybe this time he's in the hospital oh dude yeah i mean that's like the real
okay well i guess we can talk about ansem's gut. I pinned to the top Star Platinum's tweet.
And, yeah, these are, I remember this conviction list.
Okay, I remember, and Drakey, do you remember what was in the other ones or microcaps?
I'm pretty sure the Taylor Matthews coin was in that.
Because I remember this post like it was
fucking yesterday um but yeah his targets are so bad and everything is lower on this conviction list
for yeah for the meme coins yeah don't even talk about taylor matthews like
we could have been millionaires i know i know i know we
were so early you guys were early to the mathes coin oh my god yes like we fucking round trip so
much money on taylor yeah i do that is great kb, like, harshing you for, like, why does KB have the quant thing?
And, Drakey, like, you had such a good reply where you were like,
it's probably because, like, she helped me make, like, 20K last year.
Like, KB, you actually, you have, like, a real, I mean,
you're not really in the trenches anymore, but, like, you had a good,
you had a crazy run at the end of last year with the crew.
And it wasn't just you, but, like, everyone was everyone was like kind of dialed in for like three or four months
and you got it but still it was pretty yeah that was a good time that was a good time um and then
the market got weird and okay and sometimes like i think you know um as a trader or a gambler or
whatever you want to call it sometimes like the best trades
are just like not trading right and I think that you can't go on forever and then you become like
handsome you know you just like it's just it gets to your head and you know I got and then it was
one of those things where like I was juggling both the trenches and then
Karoo and you know, things were kind of heating up and it got to a point where I had to make
a decision and be like, all right, like I just need to be head down and like work at
my job, right?
And take a break and like go touch grass and you know, go hang out with friends and you
know, just be a human be a
human because I I wasn't a human for like a little bit there we made a ton of money we had a lot of
fun but then after Libra that shit wasn't fun anymore and then that then there was like hyper
liquid and hyper liquid just wasn't something that I was interested in. And, you know, I tried it and I'm like,
I don't know. I think I was just like burnt. And I was very like, I liked what I had for like
Solana set up for like trading and this and that and Hyperliquid just like a little different.
And with work, I was like, I just need a break. I i just need a break um so yeah i want to get back
into it i i'm still a little uh have still a little ptsd from from the trenches but i don't
know we have some hands though uh we can go to g van and then um moon boy moon boy i haven't
lifted my hand up in a very long time in the space but i felt like you guys deserve
my professionalism um but yeah on a serious note, dude, it's crazy.
I was sort of fading the meme coin meta.
So it was okay for me to jump on the hyperliquid meta.
And I think it's the same case for many people.
I feel like most of the trenches completely missed the hyperliquid thing.
And they felt like they were late and they
were like whatever i'm just not gonna ever rotate over there it just kept going higher and then you
know um but yeah it's crazy it's crazy and i think i think there is time for a new matter also like i
feel like if we get this run for the end of the year, I think something's going to just blow up.
And, and unironically, not because, you know,
I'm obviously back biased.
I think it's going to be Monad, like straight up.
I think the end of the year is like Monad, nothing else.
I don't think anything else.
I'm betting my entire, my entire sanity on it being on Monad.
Dude, I'm legit trying to prepare mentally.
Like I'm working out, I'm legit trying to prepare mentally.
Like,
I'm working out.
I'm eating healthy.
I'm like,
dude,
end of the year is lock-in season.
Like,
this is,
this is it,
dude.
This is the end game.
And I think nothing in crypto is going to,
over the level of upside,
that's going to be available on Monad,
you know,
when it,
when it goes live.
And it's going to be wild.
And,
uh, I think the hyper liquid people are going to miss it. And, uh, I think the hyperliquid people are going to miss it.
Like ironically, the same way the trenchers missed hyperliquid.
I tend, I tend to agree.
I tend to agree with you.
Can I just say just if, if Monad now, look, I'm literally like, yeah,
leverage long Monad building.
My career is staked on this.
My children's health insurance, all of that stuff.
So I'm very bullish Monad.
But just say Monad failed.
Like, dude, it would be like COVID for like a few thousand adults in their early 30s.
Like it would just break their brains.
I think it's just you and me in our early 30s like it would just break their brains like i think it's just you and me in our early 30s i think everyone else is like 16 i think we're he's talking about most of
the angels oh yeah yeah yeah let's talk about the angels here we may have some blood sweat and tears
but they actually got some money on the line so yeah no no, no, you're right. Dude, I'm not 30.
Look, okay, let's just move away from this.
How old are you?
Wait, what?
No, he's okay. He's trolling.
For a second, I'm sorry. I'm traumatized.
I'm not 30.
Yeah, yeah, you are.
Dude, I'm not 30.
Wait, are you 40?
Dude, you look young, dude. There's no way you're 40.
I'm not.
Dude, I'm in my late look young, dude. There's no way you're 40. I'm not. Wow, dude.
I'm in my late 20s, dude.
I'm 100% in my late 20s.
Bro, okay.
He's 29 and a half.
I'm 19, dude.
He's in Q5 of his 20s.
Dude, I'm literally, I'm not even, I'm not 29.
I'm younger than 29. He's 28. Yeah, dude, I know, I'm not 29. I'm younger than 29.
He's 28.
Yeah, dude, I know.
29 is younger.
I know, yeah.
Dude, what can I say?
I'm young.
I'm a young man.
I'm a young man.
But, okay, good.
Yeah.
Yeah, no, okay, I agree with you, though, G-Van.
And I think Monad will be a banger
to go out at the end of the year i also think that okay is this just me has the vibe the vibe
has shifted in the last few days i actually think kb that libra cast like a honestly like a six month like dark cloud over the trenches has it lifted like
recently like am i crazy like is it maybe it's pump fun increasing the creator fees but like
i kind of feel like we're gonna get like a sick runner soon like the like they're going to cut
they're going to cut um rates probably maybe that'll scare people off of rate asset or risk
assets i don't know um but i kind of feel i don't know maybe the trend maybe are the trend is back
there's some funny memes that are kind of like in like the like the pokemon meta could run it
already kind of is cards is like really high so i don't know i'm just It already kind of is. Cards is, like, really high. So, I don't know. I'm just saying.
I kind of feel like the vibe has shifted.
That's just my gut.
Here's my two cents on this, quickly.
I don't think anything is going to run properly.
Like, properly, properly.
Like, the way they used to.
I think that there's a high chance something runs on Monad
than on Solana right now.
And I know it sounds like completely
retarded what i'm saying like i'm fully aware of the retardation of what i'm saying but my
point i i think the whole meta has done two circles two cycles already and the third one's
gonna be smaller i don't think it's time yet to to have a real runner and again i know it sounds dumb
real runner and again i know it sounds dumb but i think we had the same with nfts i had the first
run second run and then it's like you know i don't expect anything crazy yeah i think you're i think
you're right because um only because they're trying to push the content creator coins right like the content coins none of these coins are gonna get
to like these billion dollar valuations like no one's getting rich off these coins except the
creators and we're just not like we're just not there and you know like we're not i'm like i'm
not trying to get my money into like a creator i'm. I'm sorry. Like, I don't know. Because, like, I'm not going to.
It's great for creators, though.
Right.
Like, it's not the point.
Right.
And so, like, and so because they're pushing that narrative, there isn't going to be that
runner.
But, like, Monad has a chance because we are, every chain has, like, a culture to it.
are every chain has like a culture to it right and so you know monad i think that we should probably
Right?
take notes and like look at the ethereum culture look at the solana culture and like the solana
culture is a little bit too degenerate i think in my opinion and probably why we're they're at the
the place that they're at and so if we have these like fresh memes or, you know,
like, look at Chog, right?
Like there's a lot of like great things happening
for just Chog in being like the mascot of Monad
and this, this, and that.
And, you know, those types of runners
like have a lot more potential cause it's fresh,
it's new, it's a brand new IP and
there's essentially like an army behind it and there's gonna be no army behind
a creator like Razmir. It's not supposed to be there that's the difference like in
Twitch you have creator coins already essentially they're just not on chain
right you can still buy beats and throw at people and do stuff and
get privileges for the streamer.
That exists. It's just not on chain.
It's not the same thing, dude. I agree with KB,
I guess.
I think, but okay, maybe
I'm totally crazy,
but like, if the right
per... Rasmur's not a good example,
because he is the least charismatic person
that has ever existed, I think, but... Dude, I love Rasmur, dude. Why is everyone hating on Rasmur is not a good example because he is the least charismatic person that has ever existed, I think.
Dude, I love Rasmur, dude.
Why is everyone hating on Rasmur, dude?
You're alone on this one, man.
Yeah.
But if there was the right person, if there was the right creator, I think that their coin could become like a meme
and like it could fly.
And to me, the content,
like the creator coin thing makes sense
if only because why is that worse?
That is better.
It's, I think to me,
that's objectively better than Mudang
or something like that,
which everyone remembers.
I hate Mudang.
I think that's the stupidest coin ever.
The name sucks. It's not even that cute., I hate Mudang. I think that's the stupidest coin ever. The name sucks.
It's not even that cute.
But Mudang has emojis there are crazy.
But Mudang has no connection to the real Mudang.
And the creator coins have like a real connection to like a human person.
You could like objectively make someone rich.
I'm trying to think of like the rags to riches stories like of ct but like you know imagine somebody like bootstrapping like
from the ground up like becoming like a huge creator like on pump i feel like they could i
feel like it could be i feel like it could blow up but but then again like it is kind of weird
to hold yeah like you know kb coin you know or like whatever it is kind of weird to hold, yeah, like, you know, KB coin, you know, or like whatever it is, as opposed to like, you know, Labubu coin.
Imagine bullposting another human being, dude.
There is literally nothing lower testosterone than that.
That's hilarious.
Imagine bullposting another human being.
That's hilarious.
Well done.
Nick, Nick, feel free to jump in, bro.
Yeah, so I guess two things one i think if you're a good content creator you don't need the coin if you're a mid one then you do
yeah because if you're a good one like your content will be your primary source of revenue
because you're good at it if you're not then you gotta depend on either crime or just trying to get
you know temporary hype.
So most of the content creators that have done really well, they've done it over time.
And they're building an audience.
They're good at what they do.
I think the coin side is just trying to make a shortcut.
And I agree with KB.
I think it's just kind of like it'll fade, it'll die.
And it's the same thing as like celeb coins.
None of the A-listers are
going to do it because they don't need to yeah they make their money from being an a-lister
why would they try to grift down the coin so i think that's my take on that and then i think
for monad you know i think there'll be things that are good about it but i think if you look at
decentralized protocols historically they take time to get online. So I think this expectation that comes out the gate
and it's just the best thing ever,
I think that's just a fallacy.
Just if you look at history,
most decentralized protocols take time.
You have to build out your validator set.
The apps have to scale.
There's going to be bugs.
There's going to be things that you have to fix.
There's going to be upgrades.
So it takes time. And I think there'll be
some things that can run early. But like, I think the best days for Monat are further down the line,
when they've actually achieved their vision of decentralization, when they've achieved
kind of broader adoption, they're still at the very beginning. And I think people have PTSD
because of how long testnet is, and they're just like, oh, yeah, because testnet was long,
we'll have maintenance, we'll blow up. I just think that's not true there's no
historical example of that like most of the successful l1s that we've seen today
most of them took a full cycle to really get online so I don't know I just I think like it's
nice to have as a sentiment that some things can run like NFTs or meme coins but
again like the longevity of those things like we'll see like we'll see and I don't think those
need the decentralization aspects to really run but the core components like from a tech perspective
it's a long-term game right like that's that's what you signed up for because that's otherwise
you would have just built a centralized sequencer.
Right.
So that's my take.
I don't think it's like a, Oh, like December this year is going to be the high point I'm on at.
Like to me, that's kind of like valorous.
Yeah.
Yeah.
Agreed.
Moon.
I want Moonboy.
Why don't you, I let's continue this conversation, but Moonboy, why don't you, let's continue this conversation,
but Moonboy, you definitely jump in.
Because you've been waiting.
Yeah, for anyone who's actually skeptical
on, you know, these creator economies
and creator coins,
my question would be,
like, we did actually witness FTF
and the Yamals and the Mbappes
flying off the shelves like literally two or
three weeks back so I get it that they are not endorsed by by the footballers themselves
and just as Nick mentioned the A-listers won't actually dive into it but they just might but
what I what I what I was what I'm implying right now is that you know the demand is clearly
there the yamals the mbappis they did that they did like 100x's in in a few hours so i mean i do
think that the celebrity culture and all of that does come into play in because surely the psyche
the psyche that uh the conditioning and the psyche with which all of us have grown up does actually translate into, you know, financial actions.
And that is why the reason people, you know, buy into these fantasy games, these cards and these auctions that go for, you know, crazy prices, IRL.
So I do think that people would hop on to that train.
If at all, there's like a platform that somehow manages to, you know,
put in the right amount of ingredients so that everyone, you know,
has their share of fun.
Yeah, no.
Oh, and secondly, I'm so sorry to chime in again um we did kind of drift off the conversation
and it's so irrelevant right now but i do want to acknowledge what kb just talked about uh like
five or ten minutes back uh this i did pin up the post uh this was like a year back and this woman
somehow managed to make me some money so yeah, yeah, I mean, those were different times in the trenches.
Even I could make money.
So, yeah, that's it.
Right on.
Right on.
And not only did you make some money, Moonboy,
but you also have a voice of gold, as we learned from the Guru Talent Show.
So, unironically.
But don't thumbs down.
I, dude, I 100% mean that.
But, but, G-Van, did you want to jump back in?
I mean, you don't, it's not a debate,
but like, I don't know if you have any takes.
Yeah, I mean, I was gonna comment on what Nick said.
Basically, I don't disagree with Nick at all.
I think he's 100% right.
I just think that the two things are not exclusive.
I do think there's going to be a boom,
exactly because it's been coming for so long,
and it's literally the most hyped launch of an L1 we've seen in ages,
if not ever, which is going to attract a lot of attention.
And when there's attention things
are moving but the long-term game is the long-term game and i agree like it's going to take a
full circle for things that are meant to take the chain to the next level to play out so
there's a short-term thing to look out for and there's a long-term thing to look out
for that's all i'm saying um and especially during a time when the broader crypto scene
needs something fresh and fun i think people are going to notice we'll see how it plays out but
yeah that's all yeah i think that's a good point and i think that one of the big unlocks for when
monad mainnet goes live and i think that this is going to be something that like i think i believe this i'm pretty sure this is right
i think that what like monad mainnet will need memes that are not monad centric like i i can see
something like chog taking off as like the mascot of monad in the same way as like box did but like
what has taken off on solana is not like, you know, I don't know.
It's not like insular cultural crypto memes.
It is like a funny dog with a hat.
Right. It is like it is dude like just yeah.
I mean, all of the memes that have run.
It is peanut. It is stuff that has like normie appeal.
And so I think it's like there has to be like innovative memes that are like non-monad centric that like come there
i feel like you could start that right now like you could start building a meme on monad right
now if that was something that you were game for i'm not i don't know that people should do that
but like why wouldn't you want to like build traction and stuff and do it in like non-scammy way like right now i feel like this would be the time to like build hype and everything
um but i don't know but i'm not gonna start a meme so i don't know but uh but yeah it's gonna
be really interesting day one to just like see where things uh where things go and uh yeah but
i think that's a great word from from gAN and from Nick. It could be an exciting beginning, but even if it's not, like, Monad has always been a long-term play.
It's easy to say, oh, yeah, Monad is long-term, but I'm about to make six figs from the airdrop, so, like, it doesn't really matter.
It's like, well, unless you're going to clip out immediately and, like, leave forever,
clip out immediately and like leave forever if you actually believe that mana is a long-term game
that means like you're stuck here with us for the next like three to five years at least right like
so buckle up dude but uh but but in that way like that's exciting like that's great and also like
i'm just gonna be honest well ah whatever yeah like dude do you really like who wants to make
it like you look i know we all want to make it, like, look, I know we all
want to make it, like, right now and everything.
Like, let's try to make it.
I agree.
It would be great to make it and everything.
But, like, do you know what's better than making it?
Like, having friends, like, living for a mission, like, having a purpose in your life.
Like, be an adult.
Like, build something.
Like, that is actually what will, like, give you fulfillment in life.
Not, like, $5 million, dude.
So, like, you can have both.
You can have $5 million and be fulfilled in your life.
But, dude, like, just work hard for something.
Like, and also live in the real world.
Like, don't let Monad be your entire life.
Because if Monad is your entire life, it's going to let you down, dude.
Like, anything that becomes your entire life, it will not be able to live up to the weight of what those things are except i would
maybe say living for other people like living for a family like actually like working hard those
things can actually buoy you up but that's the end for motivational speaker cozy but uh cozy cozy
quick question very quickly um do you agree that retiring early is basically the
biggest thing you can do in life 100 yes i think if you retire retiring early means like you're
gonna die dude like like or be just depressed like i don't think that like it's just not a
feasible end state for your life like traveling and like even just like what do you like what are
you gonna do like hedonism is like a black pit it's not it's just gonna suck you down deeper and
deeper so you can't play flag football your entire life chungi it's not gonna it's not gonna take you
where you want to go man i mean you're gonna be drunk for your entire life, every day, experience every kind of narcotics or whatever.
Man, you're doxing your age every time you open your mouth, dude.
You cannot do it. You have another two years of that.
Some people are not 40. Chill. I will figure out.
Yeah, yeah, chill. I will figure out. Yeah, yeah, okay.
No, it's true. That's true, Chaos.
You could just be drunk, but you
would have a short life, even if you
were a 25-year-old
man, or like 45
overall G-Van is.
Oh, 27.
Dude, G-Van, I will send you my driver's 27 Dude
My driver's
G-Man I will send you my driver's license
Dude
I'm being so real
Yeah
Q6 of your 20s
Yeah man
Same time as
Man and Maynick coming
Yeah it's very soon
No dude
I'm going to hit my 30s very soon Very soon it's very soon. Yeah, no, dude. No, G-Man. I'm going to hit my 30s very soon.
Very soon.
It's coming.
He only said...
Anytime now.
Anytime now.
I just tweeted it out.
It's a good joke.
I said, I'm in Q6 of my 20s.
Oh, man.
Oh, man.
I hope people...
I hope people like this.
And it turns out everyone in here is actually 34 years
older and they're just larping as young okay just real quick can we go through um kb the list the
star platinum list here because this is pretty this is pretty unbelievable i'll go through a few
of them and then you can go through um okay so with okay so at the time that ansem tweeted this whiff was at 1.7 billion his his
target was 100 billion 100 billion for whiff i think this is 204k it's got to be 200 it's a
yeah it's a typo yeah okay 204 million for whiff right now. MOG, $345 million. Kind of respectable.
MOG is actually the best hold here,
and that's just because it's barely not even held parity.
I mean, MOG is stablecoin at this point.
That's true.
MOG is a stablecoin.
That is real.
Giga, $118 million.
That's actually also...
Some of these are kind of respectable, these mid-tiers.
Can you believe that right now, coin what is mu coin is that 255 million that's crazy
dude that got airdropped to like a bunch of wallets okay okay yeah i had some you just like
randomly my wallet and then yeah man scf is that like the chicken fish like religion one smoking chicken fish
and mother dude that iggy coin his he had a five billion target on iggy that's crazy dude
i mean and then just the audacity dude you post i mean like look i like ansem i don't i
don't hate him i get i but no maybe i don't know maybe we should dude he's posting things that
he thinks that not today but like his gut is that the cycle is over which is fair and i get like
changing your bias it's good to like post trades and ideas
sometimes you're wrong it's pretty it's pretty hilarious all the same i gotta say it's so crazy
i mean he doesn't need to be dialed in anymore right financially and i mean it was over when
he was saying btc to like 36k when we were like at like 70 or like 80.
And then right after he started to shill a casino.
Like that's when you know it's you're not going to be following him for advice on his TA or his thoughts on the market.
Like he's it's just not like why would he dial into that?
There's no reason for him, but he's just going to shill.
Because he knows right.
That aren't actually fair.
So that's true,
dude.
He's got,
we're like talking about this.
Like he's a serious actor when he's got gambling at luck.io in his,
in his bio.
So I think Gansom's probably doing pretty well,
whether it's over or not right now.
But I went to the original post,
and Kobe actually tweeted or commented,
and he goes, what?
This is a year ago.
This is exactly.
Like in 2024, he said that?
Yeah, it was a year ago.
It's crazy.
Oh, my God.
Where does the time go?
Dude, like, just what would have had to happen in the world?
Like, imagine waking up one day.
Dude, imagine waking up one day and, like, WIF is $100 billion.
And, like, MewCoin is at 50 bill.
Mog is at 50 bill. Goin is at 50 bill. Mog is at 50 bill.
Giga is at 50 bill.
Like in that world, dude, like ordering a pizza is like $4,000.
Like the dollar has been like so deflated that you're like, oh, yeah, I'm going to go to McDonald's.
Let me order off of the $1,000 menu.
It's just become like a third world country like the dollar is totally
meaningless you're like well at least my whiff is worth a hundred billion dollars
oh man dude and people are gonna be like arguing on the timeline they're gonna be like dude like
500 million dollars is not enough to retire like you people always say oh it's 500 million. 500 million isn't what it used to be.
Oh, dude. Wow. Wow. Nick, do you have any read on... Okay, so this is somewhat semi-serious.
I'm curious your take on this. So we had a huge revision in the jobs numbers that have come out over the last year, something on the order of like 910,000 jobs that were reported in the United States have been revised off, which
basically means that the labor market, the new job creation, I think essentially has been much
weaker than we have thought. Although to be fair, like before we weren't believing the jobs numbers
were real.
Now we believe this is real, not entirely clear what is real and what is not.
Still, it seems like people have been feeling for some time that it's quite hard to get a job, but the numbers have not been reflecting that.
And now they do. So maybe that does bear real with reality.
And this has been one of the impetuses or lack of or lack thereof for why Jerome Powell has not cut rates.
And it seems like we're going to get a rate cut here, potentially a significant rate cut this month, something on the order of like 50 bps.
I've seen people that talk about whether that could scale.
Now, Nick, like, could you I don't know you have any general thoughts on this, but, like, people have the read that, like, this could scare people off of risk assets or it could just send risk assets.
Do you have any, like, take on this?
And, like, if it were to scare, I don't, I'm actually stupid, but, like, why would a large rate cut, rather than, like, turn people risk on, scare people off of risk assets?
Yeah, so I think on the numbers side, like, we, this is the same,
it doesn't matter which administration it is, like, whenever it's rate cut time, or they're
trying to get Fed policy passed, all the numbers seem to magically make sense, right? Like, today,
for example, right? Like, all the numbers add up to a cut. The same thing happened last year,
the same thing happened under Biden, right? It doesn't matter who the president is.
It's just the numbers will support their objective
and then they will re-revise them
whenever they feel like they've gotten what they needed, right?
Yeah.
So the same exact scenario played out last time, pre-cuts, right?
And Biden said the same thing.
Like, we need to cut rates.
It wasn't really coming from the Fed
because the Fed's always a laggard in terms of acting, which is in their best interest because it's economic policy.
And then all of a sudden the numbers all match.
Right. And then the year after they get revised.
So that's just because the numbers are all samples.
Right. It's all sampling. And so they can be kind of easily messed with.
So that's kind of a number side.
I think on the risk on side, it kind of easily messed with so that's kind of a number side um i think on the risk on side um
it kind of depends right so i think a lot of people think that the figure of like i think a
rate cut obviously is generally positive for the coins and things like that um it injects kind of
money right you don't get as much yield all those kinds of things so yeah there's an aspect of more
risk on but it's not the only number and I think that's what people probably just don't quite put together.
So I think if to combine the two things, right, you have to sort of look at quarterly reports
and earnings and seeing how like the S&P 500 companies have done in the last six to 12 months,
and then tack on top of that, cuts right and i think that's like the
combination that you have to put together in terms of the risk um in addition to like normal people
spending money right um so like if the companies were in the like all in the tank and they're all
talking about cost cutting and reduction measures and all this stuff, then you probably are in a bit of an in-between, right?
But I don't think we see that.
So I think it's a net positive, right,
in terms of prices and things
for the things that people on this call care about.
But it doesn't materially mean that, like,
the other things get solved from it in the short term.
So, yeah. I mean, I think people are going to have their own opinions, but I think that's
just because it's not the only economic factor that influences like the markets and things
like that.
But in my opinion, in general, like the easiest question to ask is, would you rather have
it or not?
So for other people that are like, oh,, this is bad, or they have some counter-opinion
that this will actually lead to a further dump,
you ask them the simple question,
would you rather have a cut or not?
If you had money in the market right now,
would you rather have a cut or not?
And I bet you 99% of them would say,
yeah, we'll take the cut in the short term at a minimum.
So I don't know if that helps.
That's just my general take.
I think people try to con conjecture out like way too long.
But in the short term, it's helpful.
Long term, the economy is the economy.
We have to see how it goes.
So, yeah.
Yeah, right on.
Makes sense.
Yeah.
Then the next FOMC.
um so when a rate cut like this will be announced will be the middle of next week so yeah we'll kind
So when a rate cut like this will be announced,
this will be the middle of next week.
of just see where things uh go from there it it kind of feels like there's just so many like
positive i don't know i still feel i could totally see there being like a cool down or like a mini
bear market maybe but look everything that I'm saying is just total consent,
like is just things that other people are saying.
So like, I don't want to pretend like I'm smart at this point with any of this stuff.
But I do just feel like we have enough positive momentum with how crypto is being,
I think, really integrated into the world at this stage.
It does feel, I do think that, you know, know people have joked we've talked about this before
on the show like you know signs of integration signs of adoption are indistinguishable from top
signals we've talked about that in the past i think that now am i crazy to say that i think
that they are distinguishable like it does seem like these are more meaningful and less vanity
implementations of crypto and like real
world businesses and like being adopted as like long term strategies than just kind of like
ephemeral, kind of like, you know, almost like grifting like for almost like the difference
between like, just like saying, hey, we're going to buy some Bitcoin as like a way to
like boost your stock price in the short term versus making it like a core part of your business.
There's probably some of both of that still happening.
But it just feels like there's some real momentum here that I'll be curious to see how it plays over the next couple of months, couple of years, all that good stuff.
So, yeah, yeah.
I don't know um let's see okay 9 48 kb we could
touch on we could touch on one more topic let me see if we've got anything else fun here
can we talk can we touch the topic that i'm a better co-host than kb wait how why is this i mean no it's true the audience decide what do you think crazy i
didn't hear the spaces with you on there um i'm building kb it was quite he was good i'm not gonna
lie kb we talked about our wait yeah kb can you tell us your best so this is what we did last
week we talked about our best
trade and our worst trade you don't have to share numbers or anything but like what was your best
trade and like what was your worst trade do you know i mean best for sure was probably bone
oh nice and like worst trade as in like i have like a worse round trip is that that like count as a bad trade it
does i think i think a bad i think a bad round trip definitely counts yeah my my worst round
trip was pups oh wow yeah yeah i thought it was i thought it was going to 13 billion
it pops is one of the like probably the only coin I actually managed to sell close at all.
I did not sell the top.
I didn't know how.
I didn't know how, okay?
Like, it was hard.
It was the BRCs and this and that.
It was impossible, dude.
So I'm like, good tech.
It was impossible.
Good tech.
Friction.
And then I, yeah, I fumbled that pretty hard.
And then I was like, oh, yeah, runes runes are gonna have liquidity pools i was lied to they didn't it was the same thing and i was like wait
how do i sell this now and then it was just like and then i just saw my whole bag just bundle and
i i'm just like i still don't know how to sell it I like finally at one point like broke it up and magic
eaten and I'm like this is the gayest shit ever um so yeah fucking I like have a vendetta against
pups and puppets to be honest I think they're the fucking stupidest pfp no offense dude how people
think about dude how people think about runes how people in crypt in ct think about runes is how normal
people think about crypto they're like they are just like you know like fuck that like it doesn't
make sense it's impossible to use and dude runes are so crazy man it's like dude you're like selling
it in like tranches and like you can't like you have to list like there's like bids up for like a hundred
at a time you've got like 10 000 you're like what even dude it is so crazy and nothing it has not
gotten better it's so crazy dude and runes were so hyped i totally i do clock from a mile away
that runes were just the stupidest thing ever the The BRCs, at least they were just stupid and we knew they were stupid.
But then to make an improvement that's even stupider, it's like, why, dude?
That's just, oh, man.
That's crazy stuff.
Do you want to know how crazy I was during Ordinals?
Dude, I went in.
I bought, dude, I own Dojenals.
I own Dojenals.
I own Doge Ordinals.ge ordinals that is what is that because sorry all my life
i wanted to ask someone is doginals like from that guy bark and his crew okay so there are there
is a they're called oh they're they have a collection that is like super wash traded like constantly wash traded what i have are gee man
these are the true these are the true dogenals and they will come back someday because my
investments are with good dogenals they are called dogenal mini doges and the only other person that
i know that is in on this trade with me which is partly why i went in on it because i was like
this guy's smart he's newsysy Johnson. Me and Newsy Johnson are
the two Dojonals Bulls. We
both I think just like committed to
at this point. Like it is truly over for
us. But like I have a
large bag of Dojonal mini Dojas
and if by some
miracle they were
to come back I may be
able to retire from
Kuru. Although I would continue working.
But I may leave.
But that would be a possible scenario because Doge Noles are never coming back.
So is that your biggest round trip ever?
No, no.
My biggest round trip ever is probably Bitcoin puppets.
But it's just in general because I had Bitclips. I had Bitcoin puppets, but it's just in general because I had big clips I had Bitcoin puppets
I had like a few Bitcoin that I round tripped. Yeah
What's your biggest fumble as in someone you really trusted told you to buy something you fucked it up and yet
Then you never did and they spammed you and then you never did anyways
And then you missed out on like infinite money for me prim
showed me ticker bitcoin i think like under one million wow yeah i was i was like this is the
stupidest shit i am not buying this and this is like after pepe and we were like buying the most
dumbest shit on uniswap like i was like buying meme coins on uniswap and prim is showing me ticker bitcoin under a million and i'm like this is the gayest shit
and i was even in the first ticker bitcoin chat and i didn't buy it yeah yeah honestly
g van mine i actually i was going to so basically if you see a meme or something catch on the timeline i see this stuff
and i'm like oh that looks cool or interesting and i go you know and it's like a meme or it's
whatever it's at like 40 mil you know or it's at like 10 or 20 or whatever mil i'll go in and i'll
like click i'll like follow them and then it'll be and then my dMS will go like and I have a DM from them like five months
ago dude this is happening to me like five or six times like Tokabu you know Tokabu like the spirit
of gambling they DM'd me in like June and now it's at like 40 mil and I literally didn't see
it because my DMS are just destroyed every day But like charizard capital dm'd me in like july like and these are all at like sub million dollar market caps
so dude, I literally need to check my dm requests more because
Genuinely funny things that I'm fumbling
Yeah, I gotta say I respect that but you guys are like these are like easy. This is nothing
All right. I've told my story
a bunch of times i'll say it again i the end my friend um you guys know him probably but i don't
know who it is um i said i really really need a car i need you to give me the ticket and he says
fart coin and i said what are you talking about he He says, just go buy Fartcoin. Just go buy Fartcoin. He bullied me, man.
He bullied me and I said,
dude, it's already at 600k.
It's late.
And I didn't buy.
Dude.
Okay.
Are we done here?
I've got you, G-Van.
I hate to say it.
I was in a telegram group with,
you know, DJ and Harambe.
Yeah.
Pepe?
Oh, dude.
Like the face of the Pepe traders, basically.
I was in a pretty small telegram group with him, like 20 people maybe.
And he scanned Pepe in that group at $78,000.
And I did buy it.
No, dude.
No fucking pages.
Get out of here, John. Dude, okay no dude okay i know better for you the year is uh the year is 2009
i'm on this mailing list called cryptography mailing list and this guy named satoshi nakamoto
pings me through i get a little uh i get a little notification on my uh on my blackberry
and uh and i open it up Bitcoin Bitcoin he offered me he wanted
me to mine it and my house I was in fifth grade and I and I fumbled it I
fumbled it you're any Farcoin story so back when I think this was maybe when
Quantico was still trading DeFi channel.
So for whatever reason, for like a week, there were just people talking about farting just in general.
So I just thought, I just saw the coin, like I think like sub 2 mil, and I just posted it and just told people to buy it.
And I bought it.
And then it went up.
And then I bought a good chunk of it.
And then I sold all of it at, like, a 10x,
and then it went much higher.
So then, like, you know, for the next six months,
people are like, oh, you're still holding it.
That's great.
Like, what a call, and I was like, no.
Yeah, I feel like... Nick, if you had held, say you had held
Farcoin to like all-time highs
with the amount of Far, do you ever do the like
what ifs?
Yeah, it's just like low millions.
Yeah.
It's still less
bad, it's still better than
the pasta story.
Has pasta shared it publicly? Can I say it?
I don't know.
I don't know if it's public. Is it public? I don't think so.
I think it's Fenmai public. Go ahead, Joe.
He did actually talk about it in the van space a couple of times, so I guess a major chunk of us do know about it.
Okay, go ahead then.
Basically, he had 1% of PopCut.
he had 1% of PopCut.
Oh, dude.
And I'm telling you half the story.
Like, the rest is the bad part.
I think the first part is public, but you guys
don't know the second part, which is the
traumatic one.
Well, just tell us.
I don't know, dude.
Pasta is a good guy. I't wanna but yeah anyways okay i'll
say it i'll say it like outline it but basically he he had one percent he sold and then he he got
very pissed off and he tried to buy the dip very aggressively he bought the falling knife yeah
wow damn i love how people are like pasta's a no pasta really great guy and then like
anytime pasta's on a space he's like hey tunes fuck you and that's it like that's like his
entire contribution people are like pasta i love that guy like great guy phenomenal guy
all the space he's like hey man fuck dude i think solana people are just mentally
you know handicapped like i swear there's there's zek who just says meow there's pasta that just
says fuck you there's w.sol that just says w it's like dude you just need to like get rid of solana
people the dog guy that quacks.
Yeah, that one too.
Dude, and whenever I go into a Toons, whenever I go into a space hosted by Toons,
he's like, oh, all right, there's a bunch of requests here.
And then he's like, who should I bring up?
And he's like, oh, pasta.
I shouldn't bring up pasta.
And then he brings up pasta, and pasta just is who he is.
He just is pasta.
He's like, hey, Toons, fuck you.
And Toons is like, oh, pasta, would you do this every time?
Pasta, come on, man.
Like, this is bad content.
I'm like, dude, this happens every week.
Come on.
Like, are you serious?
Toons loves it.
I know.
I know.
And I get it. But still, to me, it's just not that funny.
But like, no shade to pasta. Sometimes he's occasionally funny. Dude, it happened just not that funny. But no shade of pasta.
Sometimes he's occasionally funny.
Dude, it happened for an entire year or something.
He wasn't active for a long time.
He's coming back.
Right on.
Right on.
All right, guys.
Well, it is 11 a.m. EST.
Let's see if there is an Abdul space going.
Oh, is Big Abdul doing space?
He should totally. We should invite him, dude.
He got monetized because of all you idiots.
Dude, imagine Big Monday and Big Abdul spaces.
Genuinely. Oh, my God.
1v1. Yeah. 1v1.
Yeah, 1v1.
No one else.
No, they get one person to just ask questions.
Just a lawyer, yes.
A mother-aider.
Wow.
All right, so we didn't really touch on USDH, and that's actually fortunate because Abdul
is doing a space with Nick Van Eck from Agora and Alex Elkrieff from Upshift Finance.
So they're going to be talking through the USDH proposals and the ongoing kind of bidding war that's going on on Hyperliquid right now.
So it just started.
The space just started over at 0x underscore Abdul.
So go join the Monad DeFi app space.
That's going to be awesome.
And, yeah, guys, this has been a good space.
Thanks for tuning in this week.
Look forward to being back next week here with you guys at 930 a.m.
Eastern time.
We may be streaming.
I think that we've talked about it a lot.
I think we're going to be streaming next week.
So that will be fun.
We'll bring – If anybody wants to stream with us, let me know, and we'll add you as a guest.
Real.
Yes, we would love to pull up.
Get me in, get me me in get me in yes
Hold on what's what's going on with your stream?
Do you guys want we're doing?
Just keep losing being a lazy fuck. That's what's going on. Okay, so I'm you know what else train with you. Okay?
I'm pivoting the quarter
All right, let's sing KB
Right on okay. All right guys.'s stream, KB. Right on.
Okay.
All right, guys.
Well, hey, have a very rest of the Wednesday.
Thanks for tuning in.
Great space.
And, yeah, guys, we'll see you all next week.
Bye.
