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Kuru Live - ETH ATH, Market Dies, and More
Recorded: Aug. 27, 2025 Duration: 1:31:31Space Recording
Full Transcription
Thank you. Hey, hey, let me get this Spotify up. Thank you. I'm about to hit us with spaces music, guys.
Sorry, I thought we were streaming today.
Hold on.
All right, what do you want to listen to?
Oh, KB, anything's good.
Just not Elon Jazz.
Not Elon Jazz? Okay. you know it's not elon jazz not elon jazz okay let's okay do we have a song request
really quick in the comments and we'll play it guys if anyone wants to give me a while
i kind of look over not sure what i'm feeling today you know me i'm always gonna go edm
because he's like just play something
we trust you
okay okay let's see
i played that last week
i don't want to play I played that last week.
I don't know what I'm playing.
Alright, alright, alright.
Fuck it. fuck it retweet this face guys You lift my heart up when the rest of me is down.
You are you enchanting even when you're not around.
If there are boundaries, I will try to knock them down. I I Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, Oh And your touch Feel so in honor
Hold me tighter than your touch
How do you do it?
You got me losing every breath
Why did you get me?
You think you're all get me? I think my heart is beating me. I'm getting lost.
I'm getting lost.
I'm getting lost. I'm getting lost. I'm getting lost. I'm getting lost. I'm getting lost.
I'm getting lost.
I'm getting lost.
I'm getting lost.
I'm getting lost.
I'm getting lost.
I'm getting lost.
I'm getting lost.
I'm getting lost.
I wanna lock your love
I think we're close enough
Could I lock your love, baby?
I feel we're close enough
I wanna lock your love
I think we're close enough.
Look at your nose.
I've got a tune in my speech.
I won't let go with you.
Too shackled in my embrace. I'm dancing on you.
I'm going to shake this my face.
I'm falling over with you.
I'm going to shake this my embrace.
I'm dancing on you.
I'm dancing on you. free okay you can never go wrong with some disclosure um you know that i like blow dried my hair today got ready for stream and we were just doing a
space hey that that look look that's on me i think i i i don't know i well okay to be fair i did
announce the space and tag you in it yesterday so i don't feel i don't feel that bad that I didn't tell you that we were not streaming but
that's fair I mean I'm still like trying to figure out the whole like streaming and spaces I thought
it was the same but now I see that it's different or we're gonna be like on video or something I
don't know how these things work no no right on where it's all good. We're here, we're doing it. I've just got one quick thing before we actually dive into everything. I just wanted to jump in with a little... Thank you. Woo! Wow!
Okay, guys, the music video for Sandstorm goes so hard.
It's actually crazy.
You guys need to watch the Darude stand store music video damn i was just
electrified as i was watching that right now wednesday morning 9 39 a.m eastern time shout
out laver liber what a morning great poll i had to get a little bit of just a little bit of energy
going this morning although i will say kb that was a banger that you uh that you play that
was awesome but uh but yes we're doing it we're back crew live space not a stream we will stream
in the future probably maybe next week i may do it i think we will do it that will be fun
that was a little trump pull from earlier this week um But, yes, glad to be here.
KB, how are you doing?
You're in European time, but you're not in Europe.
Is it me?
Did we lose KBb did you lose me okay can someone hit me with a thumbs up if they can hear me is it kb that's rugging
okay okay okay okay kb rugged iged. I think I'm still here.
Okay, LeBare hit me with a thumbs up.
Thank you, my friend.
That was the only one.
Okay, KB Rugged.
Okay, the regulars know that it's not a Kuru Live unless KB Ruggs.
We are back at it.
All right, let's see if we can get KB back up here.
It's all good. It's all good.
It's all good.
Okay.
Okay.
Okay.
Okay.
All right, I'm just going to stretch right now.
I'm just going to keep this going.
I've got KB with a little connecting thing. Guys, what is KB's PFP right now? This is ridiculous. What is she wearing? This is like a sappy seal with like a huge rainbow afro.
of a trash pfp there's so many pfps that kb's like everybody makes me an honorary and then you
choose a sappy seal with like a rainbow afro pf come on what is this you literally had a you
literally had a blue duck personalized made for you that's insane okay let's bring up some more
of the crew we got diego we got chaos we got cyber world
what's up crew chaos is wearing his duck that's a smart man what's up diego how you doing man
what's up dude how you doing i'm good so i think i think kb is wearing that because uh
she's like uh imitating b crew or something oh she's... Oh! Oh! Right on!
I knew that BFP was familiar.
Did I just put Vakruz BFP on blast?
Oh, no.
I think he just realized he's a clown and he just wants the world to know about it.
Yes.
I don't know if I'm correct here. Hey, guys.
What's up, dude? What's up dude what's up what's up dude fine fine i i rocked this uh duck for a week more because it was a very wholesome
week i really loved it uh you know i want to appreciate little blue i'm still wearing my duck
and like i might just i don't know like i know people were calling it duck week and i do love my chog pfp but like
i love the duck like i would let it i would just keep it for like the next few months i don't know
i really might do it i might do it i might not do it i don't know we'll see but uh but i'm excited
i love i love it and i was also wondering i don't know if you guys ever feel, well, I feel like sometimes when you have a new PFP and you're like, you know how like you'll get accustomed to people's PFPs and it can kind of throw you off?
Like when they post on the timeline and everything.
I don't want to like keep on confusing people by changing my PFP.
I don't do it too frequently.
Like I do want to, you know, keep writing bangers and have things go viral and
stuff but but like i had a i just guys i just had a banger yesterday with the duck pfp so i'm like
man i can keep the duck pfp so it's not limiting me so shout out to little blue just what a what
an absolute monster she's the best but uh man kb is just struggling right now.
That's okay.
Oh, Daniel.
Yo, Daniel's up here.
Let's go.
What's up, dude?
How you doing?
Hey, hey.
I'm doing great.
How are you, guys?
Good, man.
I'm good.
I'm drinking coffee.
Okay, has anybody heard of this thing where you're supposed to, the morning wait an hour and a half for your first cup of coffee
and it of it helps you not crash in the afternoon as much has anyone heard about this it's like
wait what really i do it anyways like i just drink water at the beginning of the day i don't
wake up like i wait my coffee to come here and after that i get out of my bed no right on right on i see i used to just be like i
get up i make a pot of coffee i just drink my coffee but yeah so so the idea i mean look this
is not a health space but while we're waiting for kb okay let's see if she can actually come back
the idea is that there's like okay so what caffeine does is caffeine blocks these receptors your brain oh hey hey hey you're back you guys
hear me yeah you guys hear me yeah so we can hear you it's like glitching out even as you're talking
but yeah oh my goodness gracious um my phone literally just like cut out it just like glitched and like the entire app shut down
and then and then i couldn't get on the app it just like wasn't loading and then i like it was
just like a mess and then i had to turn my phone off and then i was trying to get on my computer
and i couldn't even like hear it on my computer um kb do you have like a salada phone like your
phone bro I don't know I I did turn off the wi-fi though so like I am in South Africa
although like I'm in probably like the most bougie place in South Africa so my internet's
fine it's just my wait are you an android user no okay you you'd be super you'd be you'd be surprised though wouldn't you diego you really think she was
i do man oh man that's that is funny i will say i had the oh whatever yeah i had a saying i was
an android guy for like a long time up until like two or three years ago and i actually really liked
the galaxy like i think
that the galaxy versus the iphone is actually really good but then my friends would make fun
of me for saying that they would say they would say that that's what an android person would say
so did you did you receive just hold on a phone i know dude i haven't even got a confirmation email
but to be fair i i bought it like really late like i'm at the back
of the line like i ordered in like the early summer like june so like people have like like
a year to like get in front of me in the line but uh but no i did uh i did tweet about that, though, that the Solana Foundation has stolen my money.
But no, no.
Okay, I pinned it.
I actually really liked that tweet.
Solana Mobile, after taking my USDC and telling me they sent me a confirmation email.
But no, no, nothing yet.
But no, no, nothing yet.
But to be fair, the former chief strategy officer of Solana,
who's now running double zero, said that he ordered in September
and he still hasn't heard anything.
So I think that I'm going to wait a while.
But that's all right.
We'll see.
Maybe just, man, guys, Solana Live.
Did anybody watch Solana Live yesterday that I did think it was pretty
hilarious how one like just the picture that they chose of thread guy I like thread guy but they
they chose a weird picture of thread guy and I think that just made people hate him even more
because he just looks like a douche in it it's crazy dude but uh oh man really funny really funny
yeah man i'm not gonna lie i don't know how the euros do it like being like on this like time
zone i feel like everything is so different and like weird um but yeah definitely a little behind
on that i think i saw a couple memes.
But who was all on Solana Live?
Like, do you know everybody that was on there?
Yeah.
So, okay, I'll pin the... Like, was Frank Degods and Hayden really on that?
Or was that a meme?
No, no, no.
They were not.
I don't think so.
The guests were Emmett Hollier, who I think is the Solana phone guy.
Tully, Ansem, and Joseph Anorati.
I don't know who Joseph Anorati is.
But, oh, maybe a guy from a sole DAT, like a digital asset treasury company.
That might be the thing.
Oh, wait, did it not go through um yeah look at this picture of thread guy that they took like this picture makes you
hate thread guy right like even though I like I like thread guy but that's he looks so hateable
in this picture it's crazy dude but yeah no it was just it was just like
a regular thread guy stream but via solana it was kind of strange i did not fully understand
what they were what they were trying to do but uh but yeah it's also their photos also like
edited kind of terribly like it just looks like he's like his hood is like half
gone it's like half his hair not sure what's going on over there yeah it looks it looks strange and
like the first ever salon alive but like they don't they don't say anything they whatever i
don't actually want to roast this i think it's an interesting idea i think they just executed it
strangely like they didn't give any reason for
like why they were doing it or like what they were hoping to accomplish they just kind of
thought that it would be like self-explanatory also they stole our name whoa kb they stole our
name because we're the first people to ever put live after the name of our company that's crazy yep that's insane we're trendsetters
they stole the what the the 200 billion dollar company stole our name that's crazy yeah when you
make like these bunker spaces and lives it's normal for them to scout you know and see they
were like what it works maybe if we put live there, it will work more. So true. Wow.
Chaos.
I'm like the Lil Yachty meme that Toons always posts where he's like, oh, yeah, that's so true.
Oh, man.
That's hilarious.
I love making things, you know, when you make things about yourself.
And you're like, yeah, I made this.
This is me.
I love this.
Totally.
No, no, dude. We totally no no dude we should start fighting
we should start fighting solana we should be like hey guys listen like um it's my bugs so please uh
keep solana happy yeah we've true we've we've trademarked we've actually trademarked the live
actually lauren michaels from saturday night live you might have thought that was a derivative we actually we went we've been doing crew live since 1974
okay we've been around for we've been around for a long time here so
did kb rug again oh my gosh this is i think she did the different internet
sucks or or she is actually probably drunk
yeah no she's not you know she's acting like Twitter is ragging.
That could actually be the case.
She just is totally mashing buttons and doesn't know how to operate her phone right now.
It just literally glitches.
I don't know what's going on.
Yeah, yeah, no, I know.
It's hard when you've got a home button to press on your Android and everything, and sometimes you just kind of accidentally go out. You've got all those green texts that are just kind of firing into your phone and everything. No iMessage. No, I mean, but you've got an iPhone, though. I know you've got an iPhone, but yeah.
What's up, Grace? You've
got your hand raised. How's it going?
Hey, great. I haven't talked to you guys for a little while, but yeah. Uh, yes. I heard
you guys talking about the Solana phone. I was expecting it as well. Yeah. The Solana
phone. Yeah. And, uh, I haven't received it. Yeah. it's interesting. Yeah, the Solana phone.
And they gave us some good airdrops in the past.
And also check out, if you have a chance,
check out the Gmonad song.
I added some pictures of Kuru into the song.
And check it out.
Nice, right on, right on.
That is awesome.
Yeah, no, big fans. And that's cool and i agree i i i don't
know i don't know what the round two of the solana phone will kind of yield right like i think it's
probably fair to assume if you put 500 into it that you're going to be able to get 500 back in
airdrops and everything but i have no idea i've not seen anyone do like an unboxing or
like a review or anything like that especially in like a united states context so i am curious how
the yeah like the the seeker phone is playing and also like have they deployed they're like doing a
seeker token right like which is kind of weird i'm kind of interested in that so i don't even know if
they've like deployed the token are they going to airdrop it to the people that have the phones um yeah they didn't get it am i
late yeah diego it might be over for us i don't know man damn it is kb still here and i like the
pictures uh kb posted in the twitter about af because I think it's a fascinating place to go.
I would like to go in the future.
Yeah, because, you know, it's so out of Africa.
We know it's kind of famous because I'm a writer.
So I like all the different, you know, cultures.
It's very fascinating to me.
Thank you for sharing it.
I love it.
The only thing I posted are my eight-course meals.
So KB, I got a question.
When are you going into a safari?
That thing I would like to see.
I love that thing.
Oh, yeah, yeah.
I'll be out there Friday.
Nice.
That would be awesome.
Please post some pictures
because, yeah, I would love that.
Yeah, I will definitely.
I only went to the safari in Disney World.
You know, they have like, I forgot which park.
Yeah, but we have four parks in Orlando.
One of them have safari.
You ride the car and you tour it.
You see some animals and they pretend some gorillas, whatever.
And, you know, to me it's me is interesting you know because they have the
setting of safari you just want to is it animal kingdom yeah it's animal kingdom yeah i think it's
animal kingdom yeah you know about it you know everything yeah you're the guru yeah yeah i enjoy
any i enjoy any animal kingdom because a lot of gardens the trees and it's more, it's like a safari, a lot of wild, yeah, the nature
thing, I kind of like it, yeah.
Yeah, right on.
So are we talking market?
Yeah, let's run through a roundup here.
Let's look back at the last week.
I think, I mean, so this is just my read. I don't
really know that we're going to, okay, we can recap what happened in the last week. Will we be
able to solve the world's problems and diagnose where we go from here? Probably not. Maybe if
Nick Lachey shows, oh, he's here. Oh my gosh. Wow. He's even requested that's insane um but uh the okay look so we can take some
thumbs down so we can take some we can take some stabs at uh at what's going on here i think the
stuff that i'm interested to talk about this week and i don't want to wade into the the muck the
drama too much but i think the more interesting stuff than what's going on in the market right now is what's going on in Monad. And I do think that, look, if there's any place to
share our thoughts and everything about what's happening, maybe this is a good place where
because we're Monad affiliated, but we are not Monad. So I would be curious to hear everybody's
thoughts with the role nomination channel closing and all the test net drama
i've got some thoughts kb certainly has some thoughts she was just bow bow just like firing
them off just like killing people on the time they wanted they wanted me dead yeah like they
want they're like they're like i'm sure you got the tags they're like tagging
the accounts like trying to fire me and i'm like am i gonna get fired i'm not the big i don't know
like i don't shit post and i don't try to like fud or be too controversial but i don't know
just went in rome i just you know what i i really took them calling me a midget KOL to heart, because I'm like, kind of short.
And they're like going after like a lot of us too. And it's just kind of like, it's like, okay, guys, and, you know, if it wasn't for, oh, my God, management, you know, I wouldn't,'t you know i would not be here today um i've been
homeless uh in south africa so i do um want to thank uh my pr team nick lachey um oh my god
management so thank you nick many such cases
yeah kb you know that at the very beginning of this space i think he's gone but big abdul was
in he was in this space yeah for sure i will say that the only post that i really hate and i still
wish you would delete is the one with the young man uh humping that woman i don't i did not like it's because you're a prude no i'm it was a
binder though i'm not a prude i just that just to me it's just not funny but but look i get it
i get it but that's just everything about that video sucks i just that is just the worst thing
i've ever seen in my life oh my gosh my gosh. To be fair, it's not.
It's not.
I've seen a lot of terrible things.
But, yes.
But, interesting.
Okay, OMG management.
All right, let's recap the last week, and then we can talk about that.
I would say, really, like, this is the big stuff that's been really interesting.
Look, last week, we caught some crazy ETH momentum, right?
Like we were already trending last week.
And at the point that we're at now, we got, whoa, wow.
We're actually green on the day.
That's kind of, okay.
I've not checked CoinGecko.
I just did.
That's a live check right there.
So ETH has kind of rallied back up. It's up 3.5% in the last
24 hours, chilling at $4,600, $11.90. Bitcoin has broken back above $110,000. So we were really
trending last week, right, guys? ETH was just riding this momentum of the treasury companies,
ETH was just riding this momentum of like the treasury companies, Tom Lee, just like
bullposting like a madman, going crazy.
And we broke, we set a new all-time high.
Like we set a new Ethereum all-time high.
It broke 4,800.
Clemente is going to have to get ICOB's PFP tattooed on his ass.
Like it was a great, it was a great moment for the space.
I think all of us, or most of us, have a soft spot
in our heart for ETH as an asset, even though it's kind of beaten us in the butt for the last
few years here. And so that was awesome to see. And I think people were super, super excited about
alt season and ETH to five bands. And the hard road was Bitcoin getting to 100,000. And like the hard road was Bitcoin getting to $100,000 and now the easy road is to $250,000.
And I mean, we just died, right?
I mean, we really pulled back pretty hard.
Bitcoin over the weekend and in the last few days fell beneath $110,000. And this was actually largely due to this like really interesting, huge Bitcoin whale that sold $2 billion in Bitcoin spot on Hyperliquid and then went long ETH with like this incredible position.
It was like unbelievable.
And so, yeah, I mean, Bitcoin at Bitcoin took a huge hit.
This is like this huge like on chain transaction that's happening on Hyperliquid.
Hyperliquid has been outpacing a lot of centralized exchanges in terms of volume as a result of that.
Let me find the let me find the tweet and and I can MLM maybe see and I can pin it because it's super interesting, all of the numbers and everything.
But yeah, so really now we're just kind of climbing back.
I think that there's kind of just a divide, right?
Did we get overheated or is this just kind of one of those pullbacks that you get in the late stages of a bull market that are like harsh
corrections that maybe we bounce back and bounce off of like really hard. There's a few other things
that we could talk about, but I think that's just kind of generally laying the groundwork for
where we're at in the cycle. And KB, I know you've been opening up longs on Ethereum from the bottom,
right? I mean, you've just been, you've been an ETH bull for as long as I've known you.
Um, yeah.
I don't know. You know,
is it old season yet? I think, I think we're hitting old season.
I think that's my answer to this question. No, I don't long.
But I mean, it's good to see.
Sorry.
You guys ever been in a shower in South Africa?
I don't know.
I think it's a European thing, too, where the water just kind of goes everywhere.
Do you guys know what I'm talking about?
It's a European thing you said it's actually crazy like the water just like there's no a shower
water just goes into the room maybe the skill issue and you just don't know how
to get sour but no I wasn't opening any longs um i'm not that good but um but no i was i
was kind of checking the charts today everything seems to be up except bitcoin which is interesting
um our dear friend kat thinks that bitcoin is gay now and it's all season um but
i still have to deal with him on a daily basis and chat. So, but no, I don't know.
It could be a good time to, I mean, I know a lot of people are longing right now.
I'm personally not, but maybe that's a question for G-Ban.
Yeah, right on.
No, I mean, I think, I mean, Bitcoin, I mean, Bitcoin has pumped a little bit.
I mean, it's back over $110K.
It's up 1.5% in the last 24 hours.
But yeah, I mean, it's definitely not meaningfully moving.
I mean, like, all season, I feel like, is both exciting and terrifying, right?
In the sense that, like, if you're a first in, okay, maybe, okay, Nick, look, Nick, I
don't, I'm just guessing, man.
This is just my opinion.
But I don't know, dude. I'm really, I'm really not, I don't i'm just guessing man this is just my opinion but um i don't know dude i'm
really i'm really not i don't trade but okay but because you're like is it is art is this the end
i mean maybe but everybody's been calling the end since the very beginning so we have no
really no one knows i've been can i say something i've been calling the end since the hamster races, okay?
I think at the end...
Yeah, go ahead.
Sorry.
All those people, and most of them are my friends,
every, let's say, five days, they are bullies.
And then there are two days of the week they're like,
oh my God, we're dying.
The market's down.
This is the top.
And this is happening like eight months straight since the day like i joined uh this fucking space everyone was like
bullies this is the greatest time of all time welcome to crypto and i gotta say that
why keep on being bullish the the market is looking very good
yeah no i mean i agree i think that there's i think that and what okay so
i say all of that kind of like prefacing or kind of like hedging but like i do i agree chaos and
not only does it feel good it just feels like the market it it doesn't feel like we've been going
for long clearly and it seems like the right momentum we've had just had
good news for so long so like the price action not having followed but now kind of catching up
in a lot of um regards just kind of makes sense to me and it doesn't in my gut it doesn't feel
like the end like i feel like we've got some time where things could get kind of silly.
And maybe it's just because the,
maybe it's just because there isn't a,
yeah, like, maybe it's just because
there isn't a blow off top
where all of retail has come back
and just gotten absolutely annihilated,
which I don't wish for,
but I do think has been kind of like
one of those classical signs of of an alt
season and everything but maybe but then there's the alternative argument that i'm sort of in favor
of at least with bitcoin that like maybe the cycles are just over and we just have this kind
of like infinite bid with like less but still volatility but less volatility and like ethan
bitcoin might just be moving into like different adopted
asset classes that are like traded on the stock market. I mean, I don't know. But all of this
stuff is very interesting. And good price action is fun. Isn't it crazy how you can forget like how
good you can feel just like refreshing the page and like watching the number go up. Like I saw a $50 Ethereum candle live.
Like I saw Ethereum go from like 4,600 to like 4,650 like live on a chart.
And I was like, dude, I was jacked up.
It was like super, it was super fun.
So it's just a crazy time, man.
But it's fun.
I don't know.
Nick Lachey, I would love to hear you opine.
What are you, how are you thinking?
How are you feeling about the market these days?
Yeah, I mean, I think whenever you have this pattern in the past, right?
Bitcoin sort of ranging a bit, theorem going up.
It usually means you're closer to the end than the beginning.
It doesn't mean you're at the end yet, right?
It typically means when ETH pumps, then what you have left is the other stuff pumps after.
And then you have kind of the end of like the cycle
or whatever it is.
But I do think, in my opinion, it's a little bit different.
I think we've said this now for as long
as we've been having the space, whatever.
But I do think there's asset class separation this cycle.
So you have to sort of think more of the asset and what it is,
and less like all alts or all majors or that kind of mentality. I think that's the main difference.
So if what you're holding or what you think will go up is a specific asset and there's a reason
for it, I think that's fair. Because I think you have that separation. And I think Bitcoin has
separation. I think ETH is getting some of that now. So I think they're fair because I think you have that separation. And I think Bitcoin has separation.
I think ETH is getting some of that now.
So I think they're probably a little bit more sustainable to some degree, like over a longer period of time.
But I still don't think you'll have like the exact same type of vault season where every single asset goes up multiples at the same time.
I think that's not happening. But I do think like, as we've had this entire last few years, I guess, or less this cycle, specific assets will go up because there's
catalysts left or people are looking forward to catalysts coming for that asset. So I think that's
more of what it is. I think it's kind of if you're kind of trying to guess the end of a cycle, to me,
it's a waste of time. I think you want to try to figure out which assets have upside and just put your bets there because then you don't really care if it's the
end or the beginning um you're just betting on assets you think are worthwhile so if you have
like a bunch of like random bags of every single alt that spread out they're all down bad like
that's not going to get any better like you've just made bad choices but i think if you like
selectively picked a couple things
and then rotated out and picked other things,
I don't think it's been that bad of a cycle
to make those choices.
Some of the stuff has been fairly obvious
if you got in late.
But yeah, I think ETH going up, though,
and Bitcoin ranging historically means
next comes some alts probably.
And then after that is we're closer to the end than the beginning.
But again, I think Bitcoin has separated itself as an asset class, in my opinion.
Once like if BTC and ETH are more like TradFi assets because of what's happening with that.
So what's happening with ETFs, then they'll go through normal track by cycles
like try to have cycles too right it's not just like stuff ebbs and flows just like the economy does and so i don't think like cycles are like this oh like crypto unique thing it occurs across
all financial risk cycles like that's how this works so it just means that it'll be maybe a
little bit less volatile and more tied to the economy but um
that's my take like full-on alt season like every single random crap vault you have in the top 500
going up is pipe dream but specific alts going up because they're good sure why not
yeah no totally no i think that that's i mean i think that's right on i think that right now
and i think that this is kind of it seems like the time to you have to just i guess you both
have to look at your chosen bags right and be like okay what is moving right now or what do i think is going to move
in the future like if your bags are not moving when other alts are moving parabolically
like nick was saying i think you should be a slightly concerned probably right because like
if it's an alt season but not in the same way as it used to be where everything
is going to catch like insane, like 20 plus percent pumps, then you could be allocated
to the wrong back, right?
Like you could have chosen, you could be in ordinals right now, right?
You could be.
Sorry, I'm just kidding.
Oh man, that's too funny. I sorry i was i literally cut i cut my exposure so like i that was me but uh but yeah like you could have chosen the wrong bags but if but then
you also have to be careful because you don't want to chase pumps too insanely right like because i
don't think that many or any of us here are like very
sharp leverage traders that are going to be like in the trenches on this stuff so like you can buy
spot bitcoin eth soana exposure and just chill and like accept that like maybe you are not going to
like retire in the next six months but like you can get like a way
better return than like you were going to get in, you know, the stock market or something like that,
at least theoretically. So it's just like be, be, I don't want to say be conservative, but kind of
just like be careful, be smart and watch your bags. Like if your bags are going up and you're
getting euphoric, this is my now thing. It's like if I want to show my wife my P&L,
I should take some off the table, right?
Like if I'm getting so excited
that I feel like I need to like show off to people,
you should probably like sell half
or like sell 25% at least.
And then like also put some aside for taxes
because you really don't want to get screwed.
If this is your first bull market,
like you're going to have to pay taxes on the money that you make. So be careful, all of this stuff.
So yeah, but look, I'm just going dad mode right now. You guys probably know this stuff,
but it's really an interesting time. And yeah, no, there's just a lot happening in the market.
I does feel like we've got some more excitement coming down the pike here because even though
the price action has been a little bit rough i don't think that anyone really believes and i
don't think this is like the negative ct consensus but like this just feels like a natural pullback
and like we are going to get maybe some more action um going on in the next few days so
that'll be fun this actually was not on the agenda that i had for skb but i did nick would you want so the
plasma token went live and it had some crazy price action people thought it was justin's son
who was like destroying everyone but i don't think it was justin's son but
have you been following this at all like could you like give us a review of it so yeah i mean
i think it is justin's son but um uh so basically like now Hyperliquid launches kind of pre-market perps basically.
So for those of you that aren't familiar with Plasma, it was basically it's a stablecoin, probably the top stablecoin project, I would say right now.
now. And so what they did was they had this program where you could basically put in a
certain amount that you kind of lock. And then off of that, they give you a percentage of that
amount that you locked as tokens at a 500 mil VAL. And typically you got about 5% of what you locked.
So as an example, if I deposited 100 grand, they would give me then the ability for me to buy
$5,000 worth of this XPL token at $500 million valuation.
Pretty much what happened is when the pre-market side was available at Hyperliquid, it was already like a 10x.
It was already at pretty much trading at like $5 billion, right, around there.
And so naturally, like all these people are up huge.
So you had people that sniped it with funds or whatever it was.
And now they're up like many, many millions of dollars.
Right.
And so what are they going to do with that?
They're going to hedge their position.
So because they're up so much, they use a pre-market as a hedge.
And then someone smart saw that and decided basically to buy out an entire side of the order book, which then destroyed those hedges.
And those people got liquidated basically
because of kind of how it's set up
in terms of hyperliquids, how it functions.
So I won't get into that piece.
So basically all of you got liquidated effectively
unless you had put in the reverse.
So there's obviously the story of someone else
who made like 20 million on it because he had a long kind of put in with stops with kind of sells. And so he made an astronomical amount the other way. But most people that were up huge from the presale decided to use the pre-market as a hedge. And then Justin came in and basically bought out the side and liquidated those people
so they some some people lost millions um from the hedge and so that's sort of what happened i mean on
a centralized exchange like these some of these things we prevented actually but on hyperliquid
it's kind of free market so yeah so it's uh the emperor being the emperor. You know, fair play.
But yeah.
Right on. I mean, this was from the I've been following this on the MLM ABC account that's been doing some good like on chain tracking and everything.
They he says he says he says he confirmed with multiple sources. It's not Justin's son,
but maybe it's who knows? We don't know. It probably very well, it very well could be.
But okay. So Nick, I don't want to go into all of the specifics of that, but the,
but the long and short of it is that this is a function of Hyperliquid's order books being public and people's positions being publicly available.
And so it's easy to get hunted, right?
Like this person knew that if they did X,
then Y would happen,
that they would like blow out all of these people.
And so I would imagine we're going to get
some kind of reintroduction
of the kind of like dark pool discussion and everything that happened from like a few months back here with like Jeff writing on the timeline and everything about this.
But it is also just kind of like rules of the road for trading on Hyperliquid.
And maybe now there are like counter moves that you can play off of this.
I don't know.
But yeah, I think that that that
will be like an interesting continuation of the saga that we've kind of seen in the long haul that
that was started kind of like james winn and everything but yeah okay i think that that's
right i think that that is a function of the like privacy and so we'll have to see it's like
interesting how they're all are all of these nuances with fully on-chain markets and where things can go from here.
So, yeah.
Well, KB, I don't want to get too far afield.
Those are just some of the interesting things.
Yeah, spot and chill.
Can I say something?
Oh, please.
Kind of like, yeah, change the topic.
Kind of like, yeah, same topic.
But I want to say like, you know, every week, since you change like the time of the space,
it's basically on a peak hour in Wednesdays.
And we have all the announcements from Monad.
Like, I think every space, like, of course, we have announcements.
And, you know, they just announced that Q Finance will deploy on Monad Mainnet day one.
And yeah, I think like, if you want to say some things about this.
Dang, right.
Wow.
Chaos is totally on it.
That is epic.
Okay, that's huge.
I mean, yeah, no, that is awesome.
I mean, Curve having, yeah, I mean, providing more liquidity and DeFi and everything, I mean, that'll have huge implications for like composability across the space and everything and just the amount of liquidity the one-to-one evm compatibility that you have where i don't think
that it'll actually be a huge lift for a lot of these large d5 protocols that have kind of
dominated or been really good on eath to be able to come over to monet so dang that's super exciting
man and you're right chaos we are getting all the announcements while we're while we're here
We are getting all the announcements while we're here.
Yeah, and you are working a lot.
Yeah, for real.
For real.
Anybody else have any hot takes on Curve live on Monat on day one?
That's just a good white pill.
Okay, right on.
Okay, right on.
Right on.
Well, thanks, Cass.
That's great.
That's great breaking news.
That's great breaking news.
That's awesome.
I can just say, as we've been on this space,
Kuru, okay, we've been teasing it for a while now.
We said that we were going to ship last week.
Well, two weeks ago, I put out a tweet, and I was like,
hey, we're going to ship next week.
And then last week, we weren't ready.
It was not our fault, but it doesn't really matter.
But it was not our fault, but it didn't happen.
And I didn't say anything.
I just let it ride.
I thought people wouldn't freak out.
Well, then this week, we were like, okay,
I think we're actually going to ship this week.
We are.
We are going to ship today, later today, though,
because there were things that were not our fault,
but now they're fixed, mostly.
And we're finishing them, and they're going to be ready.
So I'm excited.
We're going to ship later today.
I think 1 p.m. EST is going to happen.
So keep an eye out for crew.
That's all I can say.
I really can't tease anymore.
Except that it's the biggest news that we've had since the fundraise.
So it'll be,
it'll be big.
oh man,
I'm sorry.
I know I am chewing gum.
I'm chewing gum.
I'll spit the gum out in a minute.
That's real.
Yeah.
Hey,
Nick.
Is the,
is the news that you're going to airdrop everyone Bitcoin?
Is it like that kind of news? Like if you're on this space, like you're going to airdrop everyone bitcoin is it like that kind of news
like if you're on this space like you're in the airdrop kind of thing is it like that that kind
of great news because you said it's kind of like a raise right and the raise was like you guys
going to airdrop like 12 mil so if we extrapolate that out it's kind of like that but for people on
this space is yeah i mean like it could be a pretty decent distribution for you guys
because there's not that many people in here.
So you could get a pretty good amount from us as long as you're loyal people.
That was how we pitched Paradigm.
We were like, yeah, guys, look, we're kind of looking in like the $11 to $12 million range
because we get about 60 or 70 people on our weekly spaces.
And we think that that would be a pretty good distribution.
Like, we'll maybe keep like a million for operating expenses.
But then I'm thinking we just clip the other 10 to these guys and just see what happens.
Yeah, they were into it.
They liked it.
Yeah, there's something very important nick said
on bitcoin i agree oh man yes no the um okay no you have a big announcement that's all like okay
oh wait i was gonna do this this is the only other thing i'll do and then we can do monad stuff
you ready for this this is the only teaser that I can give you.
There's just crazy stuff happening on the screen right now.
You just can't see it.
It's going to be wild.
It's going to be big.
I just imagined that the screen is showing Kibbe's midget video.
No, dude.
No, dude.
That's crazy.
That, dude.
I literally, dude, like, I'm amazed that, that like my twitter filters even let that on my
timeline dude that's that's crazy that's gonna be like an instant block for me man that's crazy
wait are you really are you really upset with me should i can i delete that no no i'm not upset
see if i was actually of no i see look it's in the it plays i just it's just like one of those
things where like that's one of those things that I'll click the little
three dots in the corner and I'll say,
don't show me more points.
I'm not interested in posts like this.
But it's okay.
I'm not upset with you.
Yeah, no, no.
It's good.
Team Cozy would never support that kind of imagery.
That is true.
That would have been a stash permaban for sure.
But that's okay.
Hey, look, it's Florida.
They do things differently down there.
And by most people's standards, I am a prude.
I don't think of myself as a prude.
Sorry, that was harsh. I'm learning that I'm a prude. I don't think of myself as a prude, but I'm... Sorry, that was harsh.
I'm learning that I'm a little harsh with my words,
and I guess I should probably, like, soften it before I speak.
No, it's okay.
I mean, look, like, I kind of am...
I feel like I want to be a cool prude.
That's kind of just how...
I'm a cool guy.
Chill house.
I'm a cool prude.
But that's okay. I'm comfortable. I'm a cool guy. Chill house. I'm a cool prude. But that's okay.
I'm comfortable.
I'm comfortable with that.
I'm also – I will say that one of KB's best roasts of me was when she compared my biceps to interns.
And maybe said that they were not quite as large.
But I've been getting in the gym.
So they're not as – look, we got, that's a long, I, I inspired you by my like light
bullying. That's like, wasn't even that intentional. It could be like a sign of slight
tism, but like, you know, it's just one of those things where I inspired a lot of people this week to get verified on
Twitter and like it you know that wasn't really even like the point of like what I was saying
like maybe it was but like getting verified on Twitter can boost your paid job so I did inspire
quite a few people they named it bullying that, that I bullied people into getting some verified accounts.
But listen, hey, verification is one step forward to potential airdrop.
True, true.
Do you guys want to hear an insane story?
This is kind of, well, ah, no, no, never mind.
Okay, I'm not going to tell.
No, now you'll have to tell it okay no now you have to tell it now you have to tell it okay i'll tell this will be kind of like the bit of the week but i'll try to i'll
try to wrap it up quick it's kind of it's a crazy story totally true okay so okay so like my my uh
i'm happily married i love my wife so much she's the best um but my first crush everybody has a
first crush right like you the first girl that you like or the first boy that you like, right?
My first crush was in seventh grade.
Nick, who was your first boy crush?
Sure.
Don't want to continue.
Wow.
Wow.
But so I like this girl a lot.
Basically, long story short, we had this saga that lasted many, many years, through seventh grade to early in college.
And we almost dated a few times. We went, but then we would lose touch for a few years, all of this stuff, right?
stuff. Right. And basically we reconnect in, we reconnected right, like early in college.
And basically she, okay. So we get together, but my friends did not, my, my college friends did not
like this girl because they always felt like she was, right. They always felt like she was just
kind of like showing interest. and then we would like get
together something and then she would just ghost me and so they they hated her and so they created
the whenever i talked about her they called her the two like which is wrong i know i'm sorry that
is mean and it's mean but she but the joke was that she was very pretty so like they called her
the two but she was pretty so but like they called her the two because they wanted to remind me that she sucks, right? So they're trying to
just like keep that in my head. And so long story short, I get I go back home one time for like
winter break or something. And I get together with this girl and her friend L I shouldn't have
done it. But I did I liked her. And so we get together and we're at like an applebee's or something and she this is just
something that girls do they are insane they stole she stole my phone she took my phone and
my boys had been texting me and i probably said something like yo i'm going out with so and so
like we're gonna go hang out and there's just like 30 texts on my phone that are like, that are like the breaking
bad.
Like, no, like do not go out with the two.
Like, no, what are you doing?
Like, why are you going out with the two?
And like all of this stuff.
And she takes my phone and she sees this and she, and she like reads these, she reads
these texts, dude, never, never should have happened. Literally insane. Like she's just, and okay, long story short, like years. Okay. So like more years go by. We did, we don't date. Nothing happens. Five years go by. We almost are dating again. It's so stupid. It's so stupid. And I've now, but at this point in my life,
I'm at the end of college. I've kind of like matured, like a fine wine. Like I've like grew
up, my hair is kind of cooler now. I've gotten into better. I'm kind of looking good. Like
cozy's kind of like leveled up a little bit. And also like, I'm funnier. Like I've kind of gotten
the hang of like how to be, how to be like around people and everything and so we link up again and she really
she she likes me now but i'm kind of like no i don't think this is gonna work kind of deal and
basically she says that she tells me when we go we kind of go on a date right but i kind of we
kind of kill it after that's a long story but we go on a date and she says, hey, like, do you remember when I took your phone?
Like, that really, like, dude, this is so bad.
I really, I feel for this girl.
She was like, that really, like, stuck with me.
And it, like, really made me, like, get back into, like, personal fitness and, like, going to the gym and everything.
I was like, that's crazy.
I was like, that's insane.
But I was also like, it was a joke.
Like, you're not a two but
luckily we hashed it all out hopefully it was all very healthy she's a really great person
but that is an insane story about uh i don't even know how we got there but that's that's my bit for
this week but it oh like one thing that you can say to someone that can change their life forever
sometimes that's the best thing for you i actually believe that sometimes things hurt bullying is good i actually believe that especially for men
bullying can be good now you shouldn't like be cruel to people but like bullying bullying is
good and kb is a bit of a bully but like bull i actually think that bullying is good and so like
that that is helpful like if somebody says that your biases are small if they are objectively small
you should what you should do fit get on it, you should do it. Get on it.
You should do something about that.
So it's a good thing.
There's an art to bullying.
And there's a limit to it and a balance to it.
And being raised in a Latin family, it's a love language, actually.
So I've just like dealt with it my
entire life. And, you know, I tried to kind of, I'm Americanized, right? I'm the fake Latina,
not Crito, it's me. But I still am an Americanized, you know, bully, Latin or latina or whatever so i just have like a skill basically um and also i don't bully
people i only bully people who kind of like are mean and like deserve it nothing that you not on
your you and you were just friends like that was more like a love language like kind of like
haha i'm poking fun at you for a minute um because you said something silly. And I was like,
that's not true. But like, when it comes to like people that I don't know, and they're kind of
coming after like me and my friends. And you know, I say something, and I think I think it really
spoke volumes because of my tweeting style. And I probably that's why I like upset a lot of people. I was a little harsh
with my words. It was pretty early when I kind of like woke up and saw like just like the chaos
and the timeline and I usually don't speak up but yeah I had to I just whatever I was like let me
join in on the fun. I on kind of vacation um and nobody
was like awake on my time zone to like check if i should post it or not and i just like full sent it
um but yeah sorry for saying you had small biceps but i'm glad that you're working out
oh yeah no we're getting we're getting large and in charge i do like though kb how you're like
you're like yeah you know like i'm on vacation and like i'm not really a shit poster but then
like when you do you're just like gunning people down you're just like annihilating
you're like yeah no like i'm not i'm not too good at then you just, like, you're in the movie and you, like, pull out a sword and you just, like, decapitate someone.
Yeah.
A lot of the family farmer's heads.
Oh, I never do this.
I could be, like, a lot more of, like, an obnoxious page.
And, like, honestly, like, kudos.
Honestly, also, too, I think there's a big um don't throw stones
if you're like a glass house and I personally also don't like getting attacks attacks um I'm also
very doxxed and I also like have a job so and I have an account that's big I have a lot more to
lose than like these smaller accounts essentially right and so like I have to and account that's big. I have a lot more to lose than like these smaller accounts,
essentially. Right. And so like I have to and like that's just like a responsibility. Right.
So like I'm not trying to be like people. I don't want this. I don't want constant attacks. Like
that's not something that I'm trying to live my life. And that's more of like, you know,
don't throw stones if you're a glass house like I'm not gonna get upset
if I'm poking the bear right because like it's a lot like it's a lot to kind of get um targeted
and being hated on and then when there are photos of you like online and you know people can threaten
you like that gets a little scary so like um you know definitely like I mean I have a lot of
a lot of respect for Benja because I'm sure he gets it a lot.
I think that's where I was seeing where like they're kind of like attacking Benja, but then they're attacking like Jeevan and Louie and, you know, Chaos and like whoever else.
Right. Like there's a lot of attacks like on us as a group.
And then that's when I just was like, you know, I spoke my mind.
When I just was like, you know, I spoke my mind and then then all of that got targeted to me because I was essentially the harshest.
And also when I do essentially kind of speak out, there is a lot of truth to it.
So like, but, you know, that's that was definitely one like, you know, that was my my words.
And I did kind of continue because it was funny to me.
And, you know, when you and that's like
fire on fire so like you're kind of like going back and forth and there's just so much content
to it that like but then yeah but then you're like all right you got to like decide when you
want to stop I was like you know with IRL friends and things like that but um yeah no uh it's
definitely the shit posting and I don't want to create enemies or have a war or anything like that. But yeah, no, it's definitely the shitposting. And I don't want to create
enemies or have a war or anything like that. But yeah, I don't know. I think that a lot of
people who get upset, they are essentially kind of projecting their own, maybe like insecurities
or like truths. And so yeah, you know, there's a lot of debate, not just on the Monat side.
There's, you know, the founder of BearChain, I think one of the, I forgot who it was from
Coinbase.
Yeah, Coinbase.
Yeah, Coinbase.
Right.
And it's like, this is what they do.
And they're going to get angry because they're entitled to something and they're trying to
scare the protocol saying that, like, it won't be of use and just don't bend the knee and just
kind of go with the thing.
And then you had, I think you had, I think, Clawnod saying that, kind of comparing Testnet
to Hyperliquid where he was completely wrong on that stance because Hyperliquid didn't
reward anybody on Testnet.
They rewarded their people on Mainnet who are using real money anyways so there's a lot of misinformation
out there there's a lot of opinions out there um but like at the end of the day like all of us who
are monad kols or you know even or you know monad affiliated ecosystem, you know, workers or employees, right?
Like, at the end of the day, like, we are not the Monad Foundation.
And, like, nobody knows, not even us, how we're going to get, like, no one knows anything.
No one knows how the tokenomics are going to be distributed.
Like, we know nothing.
So all of it is opinion.
And, yeah, we're just gonna find out
like and so you know don't get so like honestly like their decision is already made so whatever
opinions are going to be out on the timeline isn't going to sway them one way or another
so like it is so like there's no point of like, you know, us giving up, you know, they're not going to go based off of my tweet.
You know what I'm saying? So decisions already made. We don't know what it is.
We're just, you know, out here slightly engagement farming.
But then also like, you know, standing our ground because like we're people, too.
And, you know, like people are going to hate you when you're successful.
People are going to hate you when you have more than them.
And like, but they don't understand like the work that it got there because like I too
once had less than a hundred followers on my Twitter account.
Like I once too like knew fucking nobody.
And I like spent a lot of money in this space, you know, trying it out.
I've been rugged a million times, know so it is what it is like
I don't feel bad for like anybody at the end of the day oh yeah I think that's a great oh go ahead
go ahead I mean I I think I just want to go back to the whole like two thing so does that mean like there was like a three and a four and like a five all the way to
ten or was it like just that she was a two like you know do you know what i mean like is it a
one to ten scale it was just it was just a one to ten scale there was no there was no right it was
more like object like they were, yeah, no.
Okay, no, no, I refuse to be, I would not be derailed.
KB, that was really good.
That was a good rant.
No, no, it was not, it was not like she was number two of 10. It was like, she was a two out of 10, which is messed up.
I'm sorry, guys.
But also kind of real, like sometimes helpful, but like you shouldn't do that.
But no one's a two.
I believe that.
But KB, great points the only i
think you're right on and i think that that's honestly wise the only thing that i would say
is i actually think that the monad i the only thing i disagree with you on which is a small
point is that i think that the monad foundation actually really does care what people say and does take it into consideration. Like, I think that they will make their own decisions independently,
but I do think that conversations that like spout up, like what happened in the last week
is instructive and informative to them. Even if it's not totally changing the decision that
they're going to make, I do think it informs the way that they're going to go
about how to message it. And I'm pretty, I'm pretty confident of that just from some of the,
I had some conversations with the Monad team. And like, I think that that's just like real.
I think that they really do care what people think. I think that when, I think it's kind of like
your kids, right? Like when your kids are just being like abjectly,
like awful and terrible,
it's pretty easy to just dismiss and be like,
no, act in the correct, like, don't be stupid.
Like you need to do the right, like be right.
But there is like this degree of latitude
where like if they're within bounds
and they're like going to say or like want to do something,
you'll hear them out.
You'll like listen to them. It might not change the way that you're going to make or want to do something, you'll hear them out. You'll listen to them. It might not
change the way that you're going to make a decision, but you'll certainly listen to them.
And sometimes it does. Sometimes it does change the way that you're going to actually act and
move about in a different way. So I think that that's real. I think that what people,
it's just a really tricky thing because you both, this is just my read, right?
Like not as a Monad Foundation member, I'm not.
It's just like testnet is really important.
Like it is.
Like we need testnet for feedback, for battle testing the product, for releasing new features and getting people's opinions on them, all of that stuff but there is just like this hand in hand like knee jerk expectation of
compensation for that that i think is crazy like like an example is i think back to like when
fantasy top was i'll be real quick with this i remember when fantasy top was in test net
and we were getting points from fantasy top and i expected an airdrop i that i was really i was newer to the space this was
probably like two years ago and i was like oh shoot like the points we're gonna get an airdrop
and when the time came for that i actually was in touch with the team so i got to have some good
conversations with them about this they were like actually like this doesn't make any sense for us
to launch a token right now because we've haven't we've learned a lot but we haven't learned anything that can meaningfully change
our business right like it will well because it kind of does kind of does meaningfully change
your business but like it wouldn't make sense to like give out these tokens to people that
were testnet users so at the end of the day it's like there is real importance, there is real value. And you as a user are gaining like real effects, real value from using these protocols. And some
of them might incentivize it and everything. But I don't think that thinking like, oh, I'm going to
get, you know, five cents or a dollar for every testnet transaction I make. That's just kind of
crazy because you can totally game the system, right?
Like when there are people that can go out
and run up a bot that's going to do 2 million transactions,
like it just totally negates like the work
that you're going to do,
even though there is a real value to like organicism
and all those things.
But like mainnet is coming
and there will be real value created
and people will be able to interact with that.
So you just have to hold in tension
that like both that testnet is important,
but that doesn't mean that it has to be incentivized
to still be important and valuable
to the different teams and to Monad, right?
Like, and even to you,
like you don't have to get paid for testnet
to be like plus EV for you to interact with.
I think that that's like maybe just the real thing.
But yeah, Chaos, you feel it?
Yeah, yeah.
First of all, for the last thing you said,
like you can't expect to be incentivized in Monad or whatever,
but you can expect, you know, from the protocols,
you provide feedback and use and do things there.
Yeah, you can like build something there
and be ready when they launch on mainnet.
And you can have plus if it just by knowing
how to use these protocols on mainnet.
And when a lot of people will come
and they will have no idea how to use them
and you will be faster and quicker
because you test them for months.
And also what I want to add to what Kibi said
in this beautiful rant is like you know
we as people and members of this community for x amount of time we're also like our twitter account
is our persona our character and what we want to say and show the world so like personally i feel
like an obligation for me to post what I feel about everything happening in the timeline.
And when there are people out there saying something that I don't agree with, I will talk about it.
And I mean, you can't be angry, but I mean, you have to be like, you know, grow up and just listen to the opposite side.
And if you want to do a serious conversation, let's do it.
But most of the people just you know they have no arguments
there and they just you know come under your post and be like hey fuck you i hope you die
and yeah fuck you back yeah i think i like to add a bit on that and like what cozy was saying
is that like and something that like i wish that there's more i I have more thoughts on this, right?
And I just haven't really had the time to write it out.
And I don't, it's not that I want, like, to write an apology to, like, people that I offended.
And, but at the end of the day, it's more so, like, there are people who are, like, what do you mean?
Like, I'm useless.
Like, I have bought, like, you know, I've traded and I've bought all these NFTs and I have whitelists all these things and blah blah blah and it's like yes like you actually have like put in the work
and like leverage testnet usage to position yourself into Monad and like I answered like
I think you're very well positioned like that's not what I was talking about and the same thing
as like an unverified Twitter account is that you can run a bot with thousands of unverified Twitter accounts, right? And like that is like, and when you're looking at like Kaido
yaps, and even like being incentivized on Twitter with Elon, when you get those responses, you know,
on your account, that doesn't count for monetization, because those are essentially,
you know, can be more so bots. So like, if I have, you know, getting
20 responses from verified accounts is going to be more net positive than getting like
1000 on unverified. That's just like how it works. So like, when you're looking at using
testnet and like leveraging that to position yourself into the community, and like learning
how to use these things, then like, yeah, like that's going to get you into the community and like learning how to use these things then like yeah
like that's going to get you into a better position than just like running a bot and making
a million transactions like we don't like a million transactions aren't going to do anything
for us you know you want to make like you know you can make a thousand more meaningful transactions
and like with feedback to our protocols like how are we supposed to know
how our product works if you're just running a bot you don't even know how the product works
you're just running the bot so like you know you're just clicking like it doesn't you're not
giving us feedback you're not doing anything so like yes while like the testnet users are good
like and we need them and during our beta process before mainnet, you know, I prefer the users with a thousand
transactions and in the Discord telling us like that we have air swaps and things like
that, then somebody is running a bot account and not in the Discord and be like, well,
I made a million transactions, like where's my prize?
And, you know, that isn't how it works.
And if you and you also like if you guys
do know me and you know how I ran how I do run like the Kuru community and the people that have
been here um you know a lot of you guys have dm'd me in the past saying that like I'm in Monad
because of Kuru like I have recognition in Monad because of my time here, and because of
the activations, and, you know, the claw monsters, and all of that the last six months, a lot of you
are positioned in Monad with whitelists, and, you know, with rolls, and things like that. So, like,
if you played the card right, you know, you did already get rewarded as like a testnet user um so yeah the wording
was off i get it i'm sorry but um that's just the last of my rant there well i don't think that
you're yeah i mean i don't really think that you're i i don't really think that your wording
was that off one i mean you were trying to be provocative, which I think is fair.
And like, it is, I actually
think, I was actually, I think that the analogy
that you made is actually really interesting and good.
I think it's like the unverified Twitter user is kind of like
surprisingly, not surprisingly. I think the unverified Twitter user is kind of like surprisingly like, or not,
I'm not,
not,
not surprisingly.
I think it's a really good analogy actually,
because if you think about Twitter from like a business perspective,
it's like Twitter has ads and all these things,
but like at a base level,
like you using Twitter as an unverified user does not provide a ton of value to Twitter.
But if you kind of like get some skin in the game, like what, $11 a month,
you help their product to grow and to live.
I mean, it doesn't.
Like Twitter sucks.
It barely runs.
KB's phone can't even handle it.
But it does.
It's kind of here, right?
It's still here, at least.
And yeah, then if you generate views in turn, if you create buzz, engagement, all this all
the time, you will get rewarded for it in turn, right?
So that's an interesting...
That just makes sense from like a business perspective.
I think that crypto just needs to become
like slightly more realistic about like,
Nick has talked about this in the past,
like there's going to be a web two, web three convergence.
That doesn't mean that all of the good parts of web three
are going to go away,
like a democratization of, you know,
governance of people being able to have
ownership in their protocols and everything. But what has been missing, it seems like is just a
fundamental level of like business sense, people have been doing things that don't make sense for
a long time, specifically, like air dropping people that are not going to be invested in like
a long term future of their protocol.
And that actually has to change because even though it's like short term good for us to
get like a free 2000 or get however much get a free X amount of dollars for like something
that you don't really believe in.
And then just immediately clip out of it.
Like, just think like, how is that?
How is that sustainable?
Like, it is actually it is definitely bad for the space long-term.
And if you, it's like, look,
nobody is going to make it off of like a 500 or a 2000
or even a 10, 50, $100,000 airdrop, right?
Like maybe, maybe if you're a really good trader
or something like that, you can make it off of that.
What you do make it off of is like buy the space living on and being healthy and sustainable. And so you should want that. You should want to
like actually get a job and like work in the space or like to just be able to be a participant
as like a hobbyist for like the long haul or like all of these things like those things are actually
like important or what are going to carry you on. You don't look you don't have to work in the space but you can certainly just be a participant be a crypto native and be early in
that way which i think can still in a lot of ways we are and so the but the industry is going to
change that we've kind of gone through wild wild west so yeah now it's changing so i hope that
monad is really smart in the ways that they do it. I think that we have a good baseline of trust with them because, you know, Monad cards was really cool.
Like they have some great minds that are thinking about all of this stuff.
And so we'll just have to see where they go from there.
But hey, they're saving the best for last.
I might have said this last week.
Sometimes I just think about them, though, like in how well the Monad cards were receivedad cards were received and you're like oh shit like we've got to do something better than
that now like what are we gonna do but um yeah no it'll be fun it'll be fun to see
yeah i'm excited i'm excited to see let's speculate on the what we're gonna get as a community
like there is a monad cards for general ct but
like there have i mean i don't know i don't want to put but i would think that like there's some
type of like community card and like going down to like eco as well like eco workers and you know
protocols and then like community and like how that trickles down um so it should be interesting to see. Oh yeah.
To be honest it will be cool for the
cards for Monad haters
to actually get
something just for them to start posting.
Like, hey, I received
in one clip my Monad had dropped.
Oh yeah.
They're already doing it.
They ship cards to the to the top haters like uh
for monad like that's yeah yeah yeah i mean those guys should get something
oh uh yeah here's a here's a token like one one that would be great. Drop them one token. Dude, I got one Zora token when Zora did an airdrop.
Literally one token.
And it was like eight cents, dude.
And I'm going to have to pay two point...
I'm going to have to pay a few pennies to the US government for that.
Oh, man. That's too funny. Hold on. I want to say something. So government for that oh man that's too funny hold on i want to say something
so i agree with everything kb said um and i think it doesn't make any sense to like those dudes were
saying like i'm stressing the chain whatever dude they literally um like mona did tell they
run bots to stress the chain dude that's that's that's giga easy to do no one needs to push like a million transactions
no one needs to do those kind of things you know you need to provide feedback you need to use like
uh whatever is good for you you need to do like meaningful stuff for the projects for the eco
that's what it matters like other stuff like just won't mean anything not because of pushing like a
billion transactions you're you're like entitled to anything
like it doesn't work like that and they shouldn't i guess and uh and i know sometimes we say things
in a bad way but uh but the real like meaning behind them it's there and and it has a base right
so yeah that's my small yeah i think i think what was mentioned about like spending time
testing the platform to have an advantage i think the ideal way to do that is to really
test the platforms and find an exploit that the devs haven't found but never tell them right
and then once mainnet comes you just exploit it so bad, right?
Like, that's so valuable.
That's why testnet time is so valuable.
And, like, if you're going to spend it, like, make sure you find it.
Never tell the team.
And then just, you know, when everyone's using the platform, just, you know.
You should share it in the alpha groups, dude.
Yeah. So, I mean, that's mostly what I've been looking for.
Like, I haven't spent as much
time on kubu lately because the platform seems secure so i'm really looking at the platforms
that seem unsecure and spending more time finding the exploits so i can revisit those on main like
it doesn't really make sense to spend a lot of time on the platforms that are like already kind
of well put together because you're not going to find those but if you if you kind of go down like three tiers like the twos right the two out of tens and wow you can find like
the super exploitable ones that are very profitable for you so what a call back that's crazy that's
crazy speaking of that nick that's a good plug for us we do you can win a hundred thousand dollars
right now there is a public bug bounty still live for a
kuru so you should uh if you're if you're a coder if you're a auditor we really like we really don't
want to let nick lachey take all of our money so we've we used to believe that so much that we put
a hundred thousand dollars on the line for people to try to break kuru so yeah we passed our spear
bit audit but yeah this is i actually think it's really cool.
I have broke Kuru many times in the past, like in the first days especially.
Am I eligible to this 100K?
I wish, man.
Sadly, it's code.
It's so lame.
But, yeah.
All right, guys.
We kind of got to wrap it up here.
Grace, if you want to jump in real quick,
but I'm going to wrap this up in just a minute here.
Sure. Yeah, I got a very quick question.
I really like what I heard.
So, it's not about how many transactions.
So, okay, so my question is,
so being a lover of Kuru,
I have not done many, but I've done some transactions,
but I've been to a lot of spaces.
Does it help in terms of contribution?
So do you have like any allocation you can share, you know, like, you know, actively
participating in Twitter spaces versus, you know, transactions?
Or can you just give like a heads up about the allocation I think
I think I think the best thing we can really say is just like keep that energy up for mainnet
yeah yeah I think for sure like I think that I mean like I'm I feel fully fine saying like
we are not launching a token on day one of Monad. Like we don't, we like,
that is just not going to be something that happens.
Like we have not even fully settled on like how a token makes sense for Kuru
in the future.
It may, and it, like, we just don't know, right?
Like all of these things.
So there's our internal conversations.
Our main goal for Kuru is for the product to find product market fit,
right? Like that's what we want. We want it to be good for you to be able to use it, to be able to make money, to be the
trading hub for Monad, all these things. And we want to reward our users, but like, there's a lot
of ways to do that, right? It doesn't just have to be through a token. So like, for instance,
like we're going to have trading fees. There's going to be a lot of things that we can do with that money to be we want to do the opposite of max extract, right? We want to max distribute, that's really going to be our goal. And so we're getting really creative about all these things, growth experiments, all the stuff that we can do. And yeah, so we just are excited for that to be the case. But like, I would just think like,
like I would just think about Kuru as like,
what are the things that I can do?
If you genuinely like Kuru, stick around,
keep on coming to spaces, hang on Discord,
use the protocol on mainnet,
like 100% do all of those things.
If you don't like Kuru, but you think you're going to get paid for using Kuru,
probably don't stick around.
There are a lot of other protocols on Monad or otherwise
that are just going to give you points for just doing whatever.
And I'm not trying to call them out, but maybe just the slightest bit.
But personally, I don't think that's super wise.
There's a reason why I don't think that that is the right approach
for us.
And so like, there are ways to go out and do that.
But then you also want to ask, like, if everyone can go out and get points this way, is it
going to actually be valuable?
Like, what is the value of this?
Like, for me and like the long run in like the first place, right?
So like, I think we just are really we want to think about I'm not saying that we're better
than anyone or anything we just really want to make our main goal is to
like be around like for the for the long haul so that's what we're really just trying to to think
about so if you like kuru stick around and i think that it will be not only fun but like yeah i think
it'll be rewarding in the long run but we're still trying to figure all these things out for ourself okay i'm going over to mevx guys if you guys have
heard of mevx um mevx it's all one word i'm i'm on another space right now so i've got two and a
half hours of spaces lined up right here so this was the first hour and a half and now i've got
another hour so if you're still hungry to listen to me yap you can come over and hang out with us over at mevx um but uh but otherwise guys great space thanks for coming to hang out really glad
that we got to break down the market and all the monad drama i think that this has been really good
and i think we should keep thinking about it i think it's really good for us to have our
expectations in the right place with all this stuff and to not just get like too um yeah like
we don't want to be disappointed right like when
mona goes live and this is something that we've been looking forward to for the longest time so
i think it'll be it'll be good uh sol sal definitely jump in so fast so fast because
i know you don't have time okay first thing about the uh bullying those farmers that KB mentioned. Look, Kuzi, I was checking some wallets and crew
and they were just making some approved every minute, every minute.
So literally they are using bots.
So those people are going to fight.
No problem.
No problem at all.
They can just complain forever.
But about bullying, oh my God.
Yes, I agree with KB
because some bullies
are so positive,
like bullying your team,
had a great time,
had a great result.
Stashe couldn't make it
because we bullied your team so much.
That was so much fun.
Thank you so much.
Yeah, it was fun, Kuzi.
Yes.
Thank you. Thank you. That was an, it was fun, Kuzi. Yes. Thank you. Thank you.
That was an amazing space.
Bye-bye.
Thank you. Thank you, Sol Sal.
Thank you. Okay. All right.
Yes. Florida. Florida on top.
What can I say? They got the best
of us this time. But super fun.
Thank you guys for coming out this week. We'll be back
next week. Keep an eye. Three hours.
I believe. Three hours. And we'll have a big announcement dropping on kuru soon it's actually gonna be awesome
and uh so i'm super excited about that so um hey turn notice on i'm not gonna do a big notice on
thing but you can if you want to it'll be super exciting and uh yeah looking forward to it okay
guys we'll talk to you soon we'll see you guys next week. Peace.
