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Kuru Live! - Robinhood and Coinbase In the Arena
Recorded: July 2, 2025 Duration: 1:27:21Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the recent trends of Robinhood and Coinbase entering the crypto market with innovative token offerings, the implications of tokenized equities, and the growing recognition of Bitcoin as a safeguard against inflation. The conversation highlighted the potential for crypto to thrive amidst economic uncertainty, signaling a promising future for digital assets.
Full Transcription
Það er það. Thank you. what's up guys just cueing some music now. Welcome. We'll get started in a few. Oh yeah, we got an ad.
We got an ad.
Hold on.
Hold on. Thank you. so Thank you. so
so so so so so What is up, guys?
We are back.
Another Kuru Live.
Look, guys, we got a bit of a smaller crew going on. We got some familiar faces, some friends in the crowd.
If you guys want to come up, feel free for crew. If you want to jump up, LaBare, anybody, feel free to come on up.
We got Wolfer, we got Zeeth. What's up guys? We're doing good.
KB, I feel like we're going to have a small space this week. You guys know why.
I feel like we're going to have a small space this week.
You guys know why.
Because it's the Greece week, right?
So KB is literally in a car right now driving to go get on a plane and go to Greece.
So that's kind of crazy.
That's fun.
I, guys, oh man.
This, I mean, look, this is Kuru Live.
We talk about the market.
We talk about what's going on in the world.
But we also talk about life, right?
Why not?
Oh man, guys, I have had a week.
I just drove 20 hours across the United States over the last three days.
It was kind of crazy. Not really.
It was actually pretty smooth for the most part.
I've been talking about this on The Space for a while.
I was just moving across the country.
So very blessed,
made it safely, but guys, I'm totally discombobulated. My brain is, I'm only, I'm in a
new time zone, so I was in EST, I'm now in CST. I will reveal that I'm in the Midwest now, back to
the roots of my family, my in-laws. We're right near my in-laws, which is a huge blessing for our kids.
This is not what you came to the space for, but we're NADs.
We're NADs together strong.
So we'll do a little life update from Cozy and the Kuru account.
So, yeah, guys, it's been a lot of fun.
And, look, we'll see who comes this week.
We'll see what kind of informed, educated conversation we have. We
don't need to run it like a formal Kuru Live. Sometimes when there's just like the few and
the proud, it's a lot more fun to just riff and we'll just have a good time, hang out for
this week of Kuru Live. It's going to be a bit of a wonky week with everybody in Greece. That's
going to be so much fun, I hope for the whole crew that
are going out there. And so, yeah, we're just going to run it. We're just going to hang out.
We're vibing. We're literally vibing at, at, uh, yeah, 837 AM CST, 937 AM EST and whatever time it
is where, where you are. So yeah. How's the, how's the crew do? Oh man, we got Vins. We got Ilona. I'm going to shout out
everybody right now. We got Maxim. We got Whale on Moon. Why not? We got Liquidated. Liquidated.
I like your PFP. We got my man Wolfer. Wolfer, I need to DM you. I'm going to DM you today. Don't
worry. Sashi. We got Sashi. We got Zeeth. Oh man, Zeetheth what a chat we got a brachos a brachos integrated
nice we got rickta rickta tort monad lover since day one impressive but we've also got some speakers
up here what's up a crew how's it going man how you doing yeah i'm now going outside from my house to talk with you. Everything is amazing. I'm packing my bags to the things right now. So yeah.
Nice, dude. You're going to Greece?
Let's go. That's awesome.
Vakrouv, what, I mean, I don't know if this is too personal, but what country are you based in Europe?
Portugal, bro. Lisbonugal lisbon nice okay that's
awesome very cool very cool yeah and it's actually funny because like we're gonna fly all portuguese
nuts on the one plane like from different cities from portu from lisbon and it's like i think seven
or eight people like from mona we're gonna going to fly to Greece on the same plane tomorrow.
Whoa, that's awesome.
Dang, that's so fun, dude.
I'm jealous.
See, I've been missing all the Monad meetups because I've been...
Well, I probably wouldn't have made it to Greece regardless.
But still, this is awesome.
I'm glad you guys are going to go hang out.
KB's in the car.
KB, are you okay?
How are you doing?
Are you cruising?
If you can't speak, that's okay.
Board guy, feel free to jump in, bro.
How are you doing, board?
I'm doing great, and you?
I'm doing good.
Dude, you and Vakru both kind of have similar...
You guys kind of sound...
You guys have similar voices.
No, no, no.
I'm from Ukraine.
He's from Portugal.
Okay, okay.
I'm not trying to profile you right here.
I would like to come to Greece.
As you know, there's a meetup, right?
There is. There is in Greece. That's right.
Yeah, yeah. I would like to come, but, like, I can't.
I'm basically 18, you know, and for 18-year-old in Ukraine, the borders are closed.
So basically, yeah. I was using your app, Kuru. It was nice, but you know, in some days when I wanted to make a club, it was maybe a little bit laggy because I couldn't make the club.
So, basically, yeah.
But after a while, I could make it.
Yeah.
Okay, right on.
Right on.
Well, that's good feedback, yeah thank you i mean there's
definitely still i feel like this is just kind of the the test net experience not to make excuses
but i can say that we're definitely there's some so we know now from the early test net uses that
there are actually some i guess you could say like bugs or things that can be improved in the smart contracts and everything. And those changes,
actually, a lot of them have already been made on the backend, but the contracts as they exist
right now on testnet are kind of set, but we are going to be deploying some fixes here in the next
few weeks. So stay tuned for that because there's actually going to be a lot of overhauls of the app that are going to be coming in the next month or so.
So that's going to be exciting.
So, yeah, definitely stay.
Yeah, yeah, yeah.
And I wanted to ask you about the club monsters or whatever they are.
monsters or whatever they are so in the future like like what is that like what
to do with that or like I would like to know more about that because we haven't
seen that well I can't really say that I can't seen them. betting or like a game or like a kizzy for your kind of like social media betting or things like
that we're in kind of like a funny money test net period it's still interesting and fun to like
interact with the protocol and to like do those things and even though you can't actually win
money you can still kind of like go in and have some reason to interact with them and for kuru
we knew that kind of like a financial product like a dex not really that interesting to interact with them. And for Kuru, we knew that kind of like a financial product like a DEX,
not really that interesting to interact with in a testnet environment, because even though the
tokens and the NFTs and everything are meaningful and have been very much so to the NADs during the
testnet period, there kind of isn't really like much staying power there. So we basically introduced
the Cloud Monsters to make testnet fun. That was really like our main goal with it. So we basically introduced the cloud monsters to make testnet fun. And that was really like our main goal with it. So we are tossing around some ideas for the future
of like how we could potentially like integrate them or give them a life of their own. But I can't
say that there's like some grand vision or plan with them. Not to say that we won't necessarily
do some fun stuff with them in the future. but but that's really like the main goal right now is to just kind of uh yeah have some fun with it so that's all that i can uh
say at this point yeah and that's the right honest truth okay okay yeah get nothing what's up cozy
yo kb how's it going you're cruising i'm here i'm. I'm cruising. I'm cruising. I'm in route to Greece because I live on a fucking island.
I have to drive three hours to the airport.
Wow.
Yeah, we're making it. We're doing it.
I fly out.
My flight leaves at 2 p.m.
Okay.
So, yeah.
I got my passport.
I got my headphones.
I got my labubu.
I am fucking rolling.
Did you get a new labubu?
Because your last labubu was stolen.
Yeah, I got a new labubu.
Her name is Matcha.
I just had breakfast with her.
She's my emotional support lab LaBooBoo.
Oh, don't say that.
Don't say that.
Don't say I just had breakfast with her.
Don't say that.
That's crazy.
What?
I took a photo.
This is like the new, like, there's like, you know, there's like the crazy cat lady.
There's going to be like the crazy LaBooBoo lady thing.
Oh, my God.
There's already, yeah, there's, like, the crazy cat lady. There's going to be, like, the crazy la boo boo lady thing. Oh, my God.
Yeah, there's already, like, really funny TikToks. There's this funny TikTok where, like, this girl, she's, like, doing a parody.
And she was, like, true life.
I'm a la boo boo mom.
And it's just, like, the most ridiculous thing.
But, yeah, it's funny.
but yeah it's funny no mine definitely got snatched um and actually uh mr big blue from
No, mine definitely got snatched.
liver bets he was like if you find more the boo-boos can you please send me some booboos
for his daughters because you can't find these things anywhere and they're selling like fake ones
and they're selling like fake ones.
And I have a spot in Fort Lauderdale
that has real LeBuboos.
So I ended up getting two
and I'm sending them for his daughters.
Wow, okay, this might be, I don't wanna dox your,
I don't wanna be rude, but how much does a LeBubo cost?
Like you could give me a range.
No, they're not that bad, they're $70. Oh, that, me a range no they're not that bad they're 70 dollars oh that
oh my gosh that's not that bad that's a lot of money kb maybe that's why i have poor spending
habits wow yeah kb's like i need loudio to like 10x so that i can afford my little boo-boo habit. I need more little boo-boo. No, I just, now I know that you can't take little boo-boo to the rave or the club.
Because they're going to fucking snatch my little boo-boo.
Wow.
I hope that, like, border security or, like, the TSA, like, they're like, there's probably a bomb in here or something.
Like, just, like, comment on your little boo-boo.
If you want to know something
else crazy i'll post a photo of it it's it's a messy like don't don't mind the mess i was like
packing last night but after greece i'm going to visit a lifelong friend who moved to slovakia
she's slovakian about she was raised here with me in the states but um yeah so she
lives in Slovakia now her husband or two kids um she's one of my my bestest longest friends um
haven't even met her daughter yet but I'm like hey I'm gonna come to visit you guys after I go to
Greece because I've never been to Europe never been to visit her over there and I'm like you
know what do the kids want like do they want anything from america
like anything like you know cool she's got a boy and a girl all she says is welsh's those welsh's
fruit snacks you know what i'm talking about yeah yeah oh yeah oh yeah so she goes she's like
welsh's that's all they want we can't get them anywhere in europe like they're obsessed
with them get me welshes so i packed 300 fucking watches wow in my suitcase do you guys want to see
a photo of this oh yeah drop it i mean don't don't don't drive distracted but I guess that's already happening. It's fine. I'm a pro at this.
KB, KB.
Yeah.
What do you think about, like, could we make a couple, like, for example,
Yola LaBubu and my plushy Malenduck?
I can bring it to Athens.
I'm trying to use my Malenduck to Yola LaBubu.
Imagine, like, they're sitting in a restaurant.
Okay. You want to take my La labubu. Imagine like they're sitting in a restaurant.
Okay, you want to take my labubu out on a date?
So it's going to be like a date.
My plush Mollanduck and your labubu.
Okay, we can go on a date.
Amazing.
Okay, yeah, don't buy my packing mask.
But this is literally what my fucking suitcase looks like.
I'm like, I wonder if they're going to stop me at the port.
Like, what are you smuggling in?
Yeah, KB definitely looks like a drug dealer right now.
She's like abnormal and can be trusted with Walter's fruit snacks in my luggage.
Yeah, I don't know. I might get stopped. Oh man, that is, that's incredible.
You're going to boo boo and fruit snacks. One more. Can you, I'm like scarred by fruit snacks because my son likes fruit snacks as a treat for potty training. So like, he'll like, we'll be like out in the backyard and he'll
like, just, you know, whip it out and just go pee in the corner. And then he comes back, he's like
fruit snack, fruit snack. I'm like, dude, this is, uh, I don't know. They have some hold on,
on kids. It's kind of crazy but uh but that's good he
doesn't get treats often so you're really gonna deliver kb you're gonna be their favorite person
in the world and yeah it's like you've bought in bulk so oh i i know i'm like literally gonna make
it rain welshers i'm gonna get to their house i'm just gonna fucking throw the welshers everyone
you didn't even you didn't they're not in a box.
You just, I guess that makes sense.
But they're just doing.
Yeah.
I mean, you can't.
Like, they're like, they came in four big boxes.
It took up like the whole suitcase.
That basically took up half my suitcase.
Wow.
That's a big suitcase.
It gets flagged for like a random screen.
You know how like sometimes you open your suitcase and it's like,
hey, T.S., hey, we took a look in here.
They're going to put that in and they're just going to be like,
blink twice if you're okay.
They're going to see that and they're going to be like,
all right, just send this girl along.
She might need to get interrogated.
Man, that's awesome.
Good. Good. What a man, that's awesome. Good.
Good.
What a day.
What a day.
KB, are you excited?
How are you feeling?
How long are you traveling for?
What's the flight like?
It's not too bad.
It's definitely better than Singapore.
But I drive three hours to Miamiami i fly from miami to atlanta
then atlanta straight to athens um i land in athens tomorrow morning at like 10 55 a.m which is like r 3 55 a.m or some shit like that so like yeah um
yeah so then but it's gonna i'm gonna be in athens july 3rd at like 10 55 a.m yeah so yeah
at least you're in europe for a while so you can you'll have time to get adjusted
and everything but yeah you're gonna be thrown for a little bit i know but honestly like nothing
can be worse than like that singapore jet lag that like 12 hours was probably one of the worst feelings ever.
Dang.
Yeah.
Real.
Yeah.
But it should be in the bag, to be honest.
I'm not too worried about the jet lag for crease.
Yeah.
I guess there, I mean, have you met a lot of the nads?
None of them.
I mean, like, I've met, so met so okay so when i was in singapore i met a lot of like the asian region nads and you know and there was like but like there weren't that many from like
europe that had came over and then so like honestly like and then yeah and then in the
states there really aren't that many.
And then with the Foundry, it was more so, like, builders, right?
And so, like, these builders, like, kind of, like, technically aren't even, like, in the community and, like, really aren't nuts.
So, yeah, it's going to be, like, my first time meeting G-Van, my first time meeting Louie. You know, because Denver, too.
Like, Denver's kind of the same, right?
Like, you have more builders and, like, more of the team.
But you don't really have much of, like, the community side of things.
So, this is going to be, like, a massive one.
130 nads.
I'm just, like, I don't, I can't even, I'm sorry.
I can't even name 130 at the top of my head right now. Like, I'm just, like, oh, my I can't even, I'm sorry, I can't even name a hundred and thirty
the top of my head right now, like, I'm just like, oh my god, this is gonna be nuts, um,
I, and also, like, please, guys, like, I don't know, wear name tags, or something, like,
it's the hardest, but, like, because, even handles, I get, like, if you tell me your
handle, I'm still gonna be, like, probably slightly confused. I need, like, I need, like, those, like, Ray-Ban glasses that when you're, like, looking and then your, like, PFP just, like, pops over your face.
And then, like, I don't know.
It's so hard.
But, like, I remember when I met Nick.
When I met, oh, my God, Nick my god nick lachey and like we had been
talking right i'm like you know i love nick and we love to like you know tease each other and like
all this shit and i'm at singapore at one of the like one of one-on-one and he just like comes over
and i'm so overwhelmed by like just like meeting everybody and like new names new names new names and he goes i'm nick and i go okay hey and i just like didn't register that it was like
nick nick and i'm just like okay hey and like that's all he said and then i kind of just like
walked away and then later on i was like wait i was like nick is here and i was like wait and
then i think i asked eunice i'm like where's oh my
where's nick like where's oh my god nick lachey and she's like he's over there and like this
motherfucker didn't like tell me who he was was because there's so many nicks out there it's like
ran over to him and like smacked him and i'm like what the hell like you should have told me you're
like nick lachey he just like laughed at me and then we got to hang out but yeah i almost missed like registering who nick was because of that so i don't know you
gotta like remind me it's a lot it's very overwhelming i've gotta say like i'm a total
you guys know like the monad recognizer tool that um bill and the put out. It's been really cool.
But I'm a total man, guys, I'm a total menace in the Monad Recognizer app.
Like, I feel like I'm still relatively new.
Like, I think I've been in the Monad community for a year, maybe close to a year and a half at this point.
But I don't spend, I do spend spend time i know people that interact with kuru
so maybe i'm like the kuru like double agent in like monad recognizer because i'll go in and like
i'll maybe know like five to ten names and then like the rest i'm just like don't know don't know
don't know and it'll time it'll time you out if you're going too fast. And that's definitely, that
function was created for me because I just, I see a PFP. I'm like, I recognize you. I don't.
And if you're like a Kuru reply guy or something, you're definitely getting a,
I know this guy from me. So I'm, if you're interacting with Kuru, you're getting boosted
on the Monad recognizer by cozy so
we're getting after it's pretty fun i'm not gonna lie there's something just about the like
hot or not clicking i don't did anybody do the um the vc hot or not that's kind of uh
that's been kind of funny but uh but it also has been getting botted so i don't know how
high signal it's actually going to end up being but uh but it's pretty funny did you KB did you
mess with the VC hot or not at all no I need to I think I'm gonna do some stuff
on the plane I'm writing on writing on Delta baby so I've been kind of like
really just like headless chicken running around so I haven't really had a
lot of time to do a lot I'm actually helping with i don't know if
you've seen it the solana summer series have you seen that yeah yeah so they're doing it in key west
where i live and that's cool yeah yeah so amy street who's like you know um in charge of it she like hit
me up and said hey like i know you live here you know would love some help and you know boots on
the ground so they actually hired me to help out with some just like connects and just like
you know in-house stuff so um yeah i'm definitely will be like a part of that and
um it should be cool it should be fun i'm like
okay well i guess if like you're bringing 150 of like the biggest solana kols to my hometown
i gotta like you know i gotta have like some part of it i gotta help i gotta help for like pride of
like my hometown and also pride in like crypto so it's been really fun to connect my IRL with these people as well.
So yeah, good times.
Yeah, you're like the EVM plant in the salon.
Yeah, exactly.
I'm going to wear my Monad hat all weekend.
Yeah, for real. You're like like hey like love the svm like hey wouldn't you love to build where a lot of the developers know the programming language
like yeah here's my telegram like do you want to take a selfie exactly exactly um but yeah i've
been pretty busy with a lot of shit lately. And then Greece and then New York.
And whenever I start traveling, I feel like it's hard to get a grip on everything.
But it's worth it in the end.
Yeah, guys.
By the way, you were talking about Salana KRLs.
A few days ago, the guy called Trev may be an old thing.
Because he's on Coen.
I'm not going to say name and ticker.
It doesn't matter.
But he's a freak and do some real stuff.
And he followed me.
I feel like he's my queen from Solano.
You know.
That's big time.
Fakru, what was it like getting the shout-out from Monad Main?
That must have been...
That was kind of awesome, dude.
Your work...
That was not just awesome.
I don't know.
It was amazing.
First of all, I didn't expect this.
In turn, he told me that he wants to post some of my cosplays.
And he said that he's gonna post a new one.
So I decided to make the best cosplay I have ever done.
But in the night when I wanted to go to sleep, he just posted like four different micro-spaces.
So it was amazing.
I got a lot of support, new followers and yeah, this type of stuff always like motivating me.
I'm the type of people when I kind of success, like a small part, it's
always motivating me even more.
So I don't want to stop and
yeah, I
For me, so I just a beginning
Sorry for breathing so hard in this one. It's a lot of heels. I'm going up to the hill
It's also cold as fuck
Well, don't hey don't pass out on us, Pro Crew. There's a lot of...
You've got a bright future.
You just got the shout-out from Mana and Main.
Okay, wait, let's look at this.
Let's look at this post.
What is this?
9,000 likes.
9,000 likes.
187 bookmarks.
2.7 thousand retweets.
Did you...
I mean, who would have thought, Pro Crew,
when you started doing
these cosplays that these would get 387 000 views you're you're famous man they're starting
no i i could not even imagine this i i could not even dream about this that
man i'm gonna i'm not gonna post like my cosplays dude the is this the one with the two legs coming from your pelvic region?
Is that, that's, uh, is that Moyaki?
Yeah, yeah, yeah.
It also has the fish tail.
Yeah, yeah.
That one is, that one isn't.
Do I know, like, how I did this, uh, legs?
I mean, like, uh, it was, like, my my it's my table legs so I got them and in the
bottom like it's sponges for dishes Wow yeah you you are a man you are a madman
and I've got to say the was community first a mistake
is a pretty goaded
caption.
That's so good.
Oh, dude.
Wow.
Wow.
I should.
I have to say
one of the funniest things
that came out of that,
which I did.
I love all the jokes,
but Smallting in Bristbrah had, he ret um but smolting inverse bra had he retweeted
it like he screenshot it and retweeted it and then somebody commented under monad son or bear
a baddie daughter and i i spit my drink out when i was like, damn. But I love all the jokes.
It's so good.
But that shit was, that shit had me dying.
I'm like, oh my God.
But Kru, you are the Monad's son.
You are the Monad's son.
Yeah.
He's the Monad's son.
I am proud to be.
And also, they're like really famous Telegram group, like channel, like for people's stuff.
And it was really funny
they like posted my cosplays
and they wrote do you think this
project like can have success
it was so funny
it's like really big channel
yeah man oh man
that is
that's awesome
what a life what a world
yeah but I think I think I have big plans.
I don't want to talk a lot.
It's better to do.
And I'm planning to start after things.
But I think if my cosplays became famous in Web3 world, Web3 space, Twitter,
why can it be possible, for on tik tok instagram so let's see maybe together we could
adopt i know like hundreds thousands newbies uh guys who are not from crypto like tomorrow
you know it's like big big dreams yeah yeah no i mean it's a it's an out-of-the-box method my friend you kind of are we might be
grabbing some of the weirder swaths of society if this is our outreach but i like it we need
crypto is weird so we need some uh we need some outreach and i'm not i don't i mean it's just
it's just fun it's funny oh man
yeah i understand it's no problem i'm i'm also just having fun and people love it so
people also have fun everyone have fun and yeah i do feel like monad basically has this insane
dichotomy where like monad's tech is like very good in my understanding.
Now, I'm not a tech guy, but like I feel like the most sophisticated people in crypto
at a minimum respect, if not are bullish on Monad's tech and the way that they're going
about doing like architectural design, building the chain from scratch, like all those things.
And like I think that James and Keone are like two of the brightest minds in
crypto have crazy pedigree and then there's all of that but then like there's just such a like the
mid curve is just so blown out in bonnet like i don't know how you could be a mid curve like uh
100 to 110 iq person which again is most most normal people and be like bullish. Look, you can.
There are people that are maybe just because the right and the left curves unite. But then
like the left curve of Monat is just like insane, dude. It is an absolute barbell. They are like,
it's just they're so jacked in the right and left curve. And the mid curve is just like, what is going on here?
But, dude, it's amazing, man.
What would you – you wouldn't trade it.
It's a funny – it's a great mix that we have going on.
Oh, man.
Well, I agree with KB in saying that – she was saying earlier that she's out of the loop.
I am also out of the loop.
It's been, I feel like, a busy week.
Kind of interesting in terms of the news that's been coming out.
I feel like the main thing is Robinhood and Coinbase entering the arena over the last week,
week and a half, two weeks here with Coinbase offering perps,
which is going to be interesting to
see how that plays. There's been a lot of discussion about that and how it eats into
or doesn't Hyperliquid's market share and the way that they're going to be able to continue to
honestly dominate the on-chain perps and to some extent spot markets kind of coming for, you know, Binance and all those.
We had Bybit that is launching its own on-chain DEX iteration on Solana, which is kind of like another foray of a centralized exchange into the on-chain marketplace.
But then really in the big time news this week, we had Robinhood come out and not only offer a perps experience for, I believe it's just Bitcoin and ETH with 3x leverage, which I feel like everybody is saying is just kind of baby leverage.
But it's still some form of being able to go degenerately long or short, I guess, but don't short, on Bitcoin and ETH.
or short, I guess, but don't short on Bitcoin and ETH, maybe short ETH, I don't know.
Maybe short ETH, I don't know.
And also these on-chain stock offerings with X stocks from Kraken and on-chain stocks from
Robinhood, which is being done in very interesting ways. So Robinhood is working with an Arbitrum Orbit L3, if I'm correct.
I think that's how it's working.
And there's some diversification in the differences between the X stocks and the Robinhood stocks model.
I don't think any of these are open to users in the United States right now.
But there is like a roadmap that Vlad laid out from the
Robinhood team. I don't know if anybody on stage or in the crowd has been following this closely.
You're welcome to come up and talk about it, but I can go into the details of this a little bit
if you guys are intrigued or want to hear more about it um but uh yeah it's been kind
of an interesting i don't know kb have you been following this at all like do you have any hot
takes on stocks entering crypto and kind of like how those two play like have you been following
the robin hood stuff at all man no i saw it i took a little staycation and i saw it and i'm like
damn i was like i'm gonna take the weekends off that's like what i decided to do and then of course it's like i'm seeing all this
shit i'm like oh man like that i've seen i've seen memes um that's something i'm gonna do also on the
plane i want to i want to read some articles on just like what the fuck is going on um but it
sounds crazy i think i think it's really good
from like um just from a general standpoint of like not knowing too much of the logistics
but i know that robin hood is what essentially onboarded me to crypto and it onboarded me through Doge.
So I feel like the more that Robinhood integrates with crypto, I think the better for us.
And if, you know, I think it takes someone to kind of, you know, dabble a little bit.
Again, I'm not really sure what it is like stocks on crypto.
Like, I don't even know.
But I just I don't think it could be a negative, so.
But I definitely need to read up on it.
It's like, can you like buy stocks at Solana?
Is that what it is?
Kind of, kind of. Yeah. So it's funny, KB, because I'm in the same boat where I was also like my first crypto
buys were through Robinhood 100 percent.
And it was during the Doge crazy wave, which is also interesting because it does seem like
it's not at a base level enough for crypto to be integrated into Robinhood and all these
things. So to be integrated into Robinhood and all these things, like what got people interested in Doge was like there was like this crazy opportunity to like build wealth or to like theoretically get rich from buying Doge, which is like pretty interesting.
So like I wonder if there will become like a hot asset or if like there is some kind of like shelling point that develops for maybe like Coinbase or Kraken or whatever it is or Robinhood. But as of right now, that just that these base
offerings are being integrated seems like a great potential onboarding piece. It does just seem like
there's something, some other ingredients that need to come in potentially. Although maybe this
is just a trickle of people that will get interested from here on out. But yeah, why don't I just, I can dive in just real briefly into the
pieces of what's going on here. Actually, this is from Favashi, our co-founder and CEO. He has a
post coming out about this and it's a really good overview. So this will be like the sneak peek of his post. But when it comes out later today,
you should definitely go over and engage with it because we are trying to do everything we can to
boost for Vashi right now because he is super sharp and deserves it. But basically Robinhood
and X stocks from Kraken dropped two very different models for tokenized equities.
So we'll dive into this.
Robinhood launched stock tokens for EU users with over 200 plus U.S. equities.
So basically the way that it works is, say you want to buy some Tesla.
You place a Tesla order on chain.
Robinhood sends it to a U.S. broker.
The broker executes.
Robinhood receives confirmation.
Robinhood's token engine mints a token.
It's called RH Tesla on Arbitrum.
A few interesting things here.
The RH, Robinhood Tesla, the token that you get is non-transferable. So there's no trading
outside of Robinhood possible. There's no trading possible beyond exchange hours and weekends.
So it's still, price discovery is still happening on the stock exchange, on NYSE and NASDAQ.
In its current state, Robinhood's token stocks can't interact with DeFi. So you can't
take a loan on your Tesla shares. You can't earn yield on it, anything like that. And you can't
even redeem it. So like if you have one RH Tesla, you can't transform it into a Tesla share itself.
So there are some different phases that Vlad talked about, and their end goal is to get
the tokens to be tradable 24-7 and to be able to interact with DeFi. But this is kind of like a
first step in that way. And so there's not really composability, 24-7 trading, DeFi integrations,
anything like that right now. Now there's also Kraken's X-Stocks model,
which is pretty interesting as well. And it's slightly more
capable of being interacted with on chain, but also has a ways to go. So X-Stocks launched on
the day of Robinhood's announcement. The structure is more like an American depository
receipt. The details of that, not super important, but basically here's how it works. So the tokens
that you get are backed one-to-one with real shares. I think they have somewhere around 50
to 60 different tokenized equities that are on offer right now. You have to be KY seed,
equities that are on offer right now. You have to be KY seed, but KY seed users can redeem for cash,
not the actual stock. It's self-custodial and transferable, and it's compatible with DeFi
platforms like Camino and Radium. So you could theoretically, I think, earn some type of yield
or take out a loan or something like that.
Again, if you were KYC and you had X stocks in your portfolio on Solana, you could do this.
So, again, that's where the differences are.
Robinhood is happening on Arbitrum, built out on an L3.
So this is all abstracted away in their platform.
But X stocks is happening on Solana and you have some potential DeFi integrations.
But a few nuances.
On X stocks, you can only redeem tokens for cash at the off-chain price minus a 25 bps fee.
So that's 0.025%.
I think that's just 0.25%. So again, you still can't get the actual
stock itself and transfer it in that way. Real shares are only bought during market hours. So
market makers have some real risk outside of the hours that the stock market is live. And so
liquidity is going to be a lot worse outside of trading hours, but it does kind
of exist.
And then lastly, price discovery still isn't happening on chain and low liquidity could
really hurt retail when markets reopen lower.
So you could kind of get blown out in that way.
So it's an upgrade over Robinhood's model, but there are still some like core
structural issues. So that's kind of like the way that all of this works. So basically,
it's like a baby step, right? Like these are on chain, but they're very basic infrastructure to
just kind of be able to say like, hey, these things are on chain. But in terms of like a lot
of the advancements that need to be made, we're very early in that way. But it's still pretty cool to see all of this happening
and that there is a desire, an end goal in place for crypto and stocks to be merged in this way.
None of the real use cases of what crypto can bring to stock trading have actually been realized yet.
But we're kind of on that path now, which is exciting.
So, yeah.
So that's kind of the overview.
But like I said, stay tuned for Favashi's post from later today.
He's going to propose some solutions and some ideas.
This will definitely be key for Kuru down the line because obviously we want to be getting real world assets, trading on Monad, trading on Kuru as soon as possible. That's a huge part of our roadmap. But yeah, no,
interesting stuff to have dropping on a week. But then, okay, last thing I'll say,
all of this bullish news and the market, okay, the market's kind of recovered, but we kind of
dumped last night, right? So like we've had had all of this good news. And now Bitcoin is chilling at 107, 899. I feel like that's
basically what it was last week. But like, we haven't gotten a pump. So it would seem that
the market is kind of risk off that even with all this good news, we haven't really seen like a
resultant price action that you would expect in like a bullish environment like this so a little bit tenuous right now but that's that's kind of where things stand where we are
right now and it's definitely an interesting time to be to be watching the markets so yeah yeah
baby steps baby steps but yeah this is all pretty pretty insane do you think do you think the top signals even exist
at this stage yeah i mean uh it's a good question kb like i think we've talked about this before
but like i do think it is kind of challenging because we have this degree of like ptsd from like yeah what we would call top signals
in the past which have been signs of integration but can be easily rolled back it now look i'm
redacted right like i'm just uh i'm i am like kind of the definition of a mid curve but there is it seems like these things even if crypto like blew up again or like died
these are not really like you know i don't know i don't even know real examples but something like
disney being like we're gonna mint like nfts of like pixar movies you know or like kind of things
that just felt kind of silly and like ephemeral that people have done in the past that have been classical top signals. These feel like steps towards the real
use case of crypto. Like I think the one that we can say is not a top signal, even though the
circle price action was crazy. It's come down to earth now in a lot of regards. Like that kind of
feels like a real, like if we start getting stable coin integrations
into the backend of like private and public companies,
like that's something that one has a real use case,
two is being implemented.
And three, the market is moving towards
and seems to desire.
Like I'm pretty sure that like some of Elon's companies
are already using stable coins for cross-border
settlement. So like stuff like that, I think is actually like here to stay and is going to really
like change the world. Now, like, will there be an appetite for like on-chain stock market trading
in this iteration? I would be surprised, right? Because it's kind of like a worse version of what
we already have with the stock market as it stands right now.
But again, like the end state of being able to trade stocks 24-7 permissionlessly or semi-permissionlessly, maybe in a permissioned way.
But you can do it 24-7.
You can have access to DeFi, all of those things.
That could be a huge unlock.
And we're on the path to that.
So, yeah, but I mean, KB, it's a great question.
And could it be top signals?
Maybe.
But it seems like we have enough runway with the state of the admin, with Trump in office
for at least another three and a half years, and a favorable SEC, all of these things that like we could get
hopefully to a point where these are just so ingrained, becoming ingrained in like the nature
of traditional finance and DeFi being blended together that I feel like it would be hard to
extricate them. And if you look ahead to the roadmap, as long as it's not like an Ethereum
roadmap, that's like, this is all going to happen by 2030. But we really could get there if we get
a market structure bill, a stable coin bill, maybe even some regulation on like how stocks could
look on chain, like all of these things. They could really make them just like an embedded part
of the landscape. So yeah, we'll have to see, but it's pretty crazy what do you think kb are
you like are your top signal triggers like no no no i'm bullish i'm bullish because it's like
it's kind of like this slow and steady right and i think like as crypto gets more and more adapted into like real world, just like assets and applications, like, yes, like the days of of crypto is just going to be more and more and more where it's going to become more normalized.
And I think that's like the end goal is like just to become more normalized.
And honestly, like becoming a millionaire off $10 isn't normal.
So we kind of have to just like, know maybe those days are over but I think
we're entering like a new era yeah the new era to long ethereum yeah I mean sure I mean hey you
can long ethereum you're free you are free to do that. Oh, of course.
You know, it's crazy to know that...
Wait, is that true that they want to make ETF for Solana, like staking?
Yeah.
No, I think that's right.
I do think that Solana ETF is moving further along the pipeline as well with the SEC, so that
could become a thing too.
But Solana is just a cousin token, you know, basically with that token you only can trade
don't pump fun and that's all when ethereum when ethereum is for uh technologies you know
on pump fund and that's all.
um even blackrock likes ethereum um so yeah i i think that we we should uh long ethereum
and short solana because um like there is a big difference between a casino token and a large second crypto token in the world.
So, yeah.
See, I hear where you're coming from, board guy.
And that's an optimistic take. I do think that it's probably a little bit too reductive to say that Solana is just a casino coin.
I think that we tend to see that in terms of S-curve adoption, that there is always degenerate use cases that rise to the fore.
I mean, I think of the early days of the internet, right? It wasn't like high virtue activities that were happening, maybe to put that lightly on the internet in like those
early days, right? But still, Solana has like a really emergent DeFi ecosystem that I think is
not at the fore like Ethereum is, but Ethereum hasn't really been super supportive of defi in a lot of ways right like
camino radium um i mean like radium is just a jupiter jupiter is like the biggest one
um but like camino is like a really sharp solid project that has like a lot of
interesting uh integrations like moving towards like private credit offerings like
all of these different things it's like a great money market offering.
I think that Solana has like a real potential to convert those maybe casino-like users into
other platforms that are maybe more legitimate and have more staying power.
And although PumpFun, what can you say?
It is legitimate.
Like what's the best use case of crypto? maybe more legitimate and have more staying power. Now, although PumpFun, what can you say? It is legitimate.
Like, what's the best use case of crypto?
It's still, we won't say gambling, but it is trading, right?
Like people, as far as we go along in crypto,
the only thing that stays true is that what people really like to do is trade the coins,
right? So like PumpFun is maybe like the most like basic iteration of that in a lot of ways.
Now, do I think that like the decentralization of ETH and
all those things is like really important? Yes, but there's like serious UI UX issues there,
serious issues with like how they've gone about their execution roadmap in the past. So I think
that Solana is like really poised in a lot of ways to capitalize on this. I also think that Monad is,
and so I hope that we're in the arena on this as well.
But I might not be that quick to dismiss Solana because I think that they are killers.
They are super sharp and smart about a lot of these things,
and they've built out the groundwork for, I think, a lot of this stuff to potentially be successful there.
So, yeah, I think there's a reason why Kraken launched on Solana.
I think there's a reason why Bybit is on Solana. I think there's a reason why
Bybit is launching a DEX on Solana
and not starting their own chain or doing
something like an L2
or whatever it is. They just went to the place
where people are and they said, we're going to
build here, which makes a lot of sense.
Of course,
Monad will crush
Ethereum and Solana
in the future, of course.
So have you seen the video in YouTube where a boy was showing how to rag people in a pump
phone?
Yeah, yeah.
I think so.
Yeah, that's crazy that's crazy and also I remember the day
that Trump made Solana like in one day like $300 like my friends that were
buying Solana like $100 they sold it in very good profits in $300. Yeah. But, you know,
it wasn't nice, you know, like Solana was pumping to $300, like the all time high and Ethereum and ethereum was like standing still and no one like look uh really into ethereum um
so yeah it is it's um it's not nice you know um so yeah i mean it's an interesting question i'm
still i still i think would be pretty fearful of longing Ethereum myself.
Like, that doesn't feel like the best trade to me.
I do think that Ethereum is, I won't say dead in the water by any means.
I do think that they're making some moves at the foundation that makes sense.
But I feel like it is in a precarious situation where you just have so many killers that are coming in terms of like Monad, Solana already being present.
And then L2s that are also after their piece of the pie.
And I think at this point we know that L2s can be beneficial to ETH,
but still at the end of the day they're competing for usage
and they're competing for all of those things.
So I think that we, yeah, it'll be interesting to see where that plays.
I wonder, okay, so like this is an interesting question.
Like KB, do you think, how do you take this idea of like perps being offered in like a regulated way to users?
Like, can you see your friends or like people that might be typical Robinhood users thinking like, oh, you know what I want to do? I want to go
3x long on Bitcoin or on ETH or something like that. Like, do you think that's attractive to
them? Or does the prospect of like liquidation, something that's just kind of like too, I don't
know, like scary or like real that they would not be interested in that?
Like I want like, yeah.
Is it is it like it has to be like 10x or nothing?
It seems to.
Well, OK, I've got some thoughts.
But yeah, what do you think?
Yeah, I don't think anybody that I know is really going to want to get into that.
I don't see it being I think like normies are going to geted yeah because of just like how volatile our market is and like how like you know and it's fragile like one little news set and like everything news right so like I just I don't know if many people are even gonna use it so'll see. I think it's great that they're trying
and maybe some people are interested.
But if you're going to get on purpose,
I think if you're...
That's something that I'm not even in at this point, right?
So if somebody who's been in the space for a long time
is like, ooh, I don't know about that.
I don't know about anybody that's a newcomer kind kind of getting into that but they really have to understand the market
yeah no i think that's uh i think that's totally fair and uh yeah it just seems like the juice
isn't or like the it's not worth the squeeze in that way where like there's yeah i feel like you
need to be like i can actually get rich off of this and like with the moves that ethereum and
solana have been making or with that bitcoin and ethereum have been making lately like
it is kind of like the oh if bitcoin goes to 250k and i put a thousand dollars in i'll only make
a thousand dollars like no one will get rich this way right like even if you're going like 3x long
if you have kind of like a retail level of uh a retail level of exposure like these aren't really
going to get you out of bed in the morning to like do something
that's like crazy risky and where you can kind of lose your, your principal at the end of the day.
So maybe again, this is just like something that it's like a step forward in the right direction
towards this being offered. I do think that with there being so much appetite for options and
everything that people do want these, uh, kind of like, yeah, like lottery tickets.
But perps is kind of like more involved because you have to actually like watch the price like
actively. Whereas like an option is just something where you're like, hey, if this hits, like I'm
going to make a lot of money. And if it doesn't, I'm going to lose money. But yeah, so it's an interesting place where I feel like, I guess really, like I just think that Hyperliquid and on-chain Perpstex at large are still in good position to both be way more offer like crazy amounts of leverage,
which for better or worse is attractive to people and is what's going to,
I think probably end up bringing people on.
So maybe if it just introduces them to the concept of perps,
that'll be interesting. But yeah, I do wonder,
like I wonder behind the hood,
like what Robinhood and Coinbase are thinking of is like their target audience
or like their target user base for these things and like who those users would be.
It also could just be easier for crypto users.
Like just getting liquid on chain can be like a pain in the ass you know like getting like a large amount of
liquid can be like a pain in the ass or oh wow it's like better than pretty hard I can
figure that but um yeah so I could see it like if you're kind of like in both markets
but like you know how or if like you made like you know money and like Robin Hood and you want to you know you don't have to transfer out of Robin Hood it's your
bank with speed into the market with the so like and then there's like less
speed because like it's not really on chain there's like nothing with gas and
you know Robin Hood's might take care of all of that so I can kind of see like
the lore of
that that is like because like when you're trading on perps anyways you're not even owning
technically right even if it's on chain like you're just like trading like uh your kind of
crypto on loan so like you're not it's not even like your ownership right yeah so like what is
even the point like what does it matter
if you're trading on perps if you own the bitcoin or not like it doesn't so i could see it in a way
of like people who already have a lot of liquid in robin hood maybe like amc and you know game stop
and kind of like these stocks and being like okay well like i've been doing a little bit on hyper liquid i've been doing a little bit on here but i've you know i have all this money in these
random wallets that could get drained so i don't want that much money in there because it's not
secure but here i am on robin hood on a secure-ish app where like people can't drain me and i don't
have to like move my money everywhere and i can actually have to first on a larger scale and get money from my bank account into Robinhood with no problem than, you know, trying to go through Coinbase and then a Metamask wallet or Solana wallet and blah, blah, blah.
Yeah, I think that I think that those are both great points that you bring up that are real wins for the Robinhood and Coinbase experience, which are that.
OK, OK. Which are that one, you have security.
Right. So like you don't have the potential for your wallet getting drained and you have kind of like the backing of robin hood or coinbase in that way so there is like
the security aspect that you don't have from like the self-custodian type wallet but then also there
is like you said the ease of onboarding like it's just really although the okay so there's like two
pieces to that one is like that you have laid for have really easy to where you can just do an ACH hold that's being placed on your account which maybe you can start
trading perks with that but I would be surprised I would imagine that you would
have to wait to be able to actually like get that into your account to be able to
start using it so like stable coins in that way are just like secure, safe,
easy to be able to start funding and playing with,
which I know for instance,
it's like one of the major use cases for like sports betting.
Like I've heard the rare bet sports guys talk about this to where it's like,
since you can fund your wallet with stables,
you don't have to wait for like a bank deposit that you're going to put into
like FanDuel
or whatever it is, but you can just load and go in that way. So upsides and downsides in both ways,
I feel for that. But those are great points that at least it's like intuitive for people,
like they understand how the process would work. And maybe the security piece is like a real upside
or advantage for Robinhood and Coinbase.
And at the end of the day, both knowing that it's going to be regulated and relatively safe, but also that it's unifying for your taxes.
So like Coinbase and Robinhood and all those things already have these like established procedures for like giving you the forms that you need to like file your taxes and everything.
like giving you the forms that you need to like file your taxes and everything maybe if you're
a us-based user it's just a lot less of a headache to be doing that with less leverage
on coinbase and robin hood if you're like a whale with size to have all that consolidated
in one place so yeah those are those are interesting pieces yeah yeah do you see
Yeah.
Yeah.
Guys, do you see
how the Tesla work
and the NVIDIA tokenomics
distribution?
Sorry, what was that?
The tokenomics that
NVIDIA or Meta or Tesla
token distribution to the holders.
Have you seen that?
We kind of talked about it.
Basically, you can't do any redeems for the underlying asset itself.
You're basically being given a paper version of it.
Yeah, I mean, in a world, why do people have to trade stocks in the token distribution like that.
I mean, just like a meme in Palm Datum, right?
Yeah, I mean, fair.
Like, I do think that there, at least right now, is a lot of juice in equities, right?
So, like, equities have been at, like, all-time highs and, like, doing crazy stuff,
while crypto has kind of been, yeah, like not doing much over the last.
But but yeah, I mean, still, it's a fair point.
But I think that the real upside of this is like bringing what meme coins give you, which is the ability to trade them 24 seven at any time and having like price discovery on chain.
And you could get to that end state with stocks
on chain but it's still a ways off yeah that's why i just think that usually if we trade stuff
than crypto metal crypto and stuff to trade yeah no i mean there definitely are a lot of
opportunities still to be like in crypto and like trading coins that you can only get access to on chain and everything.
It just feels like a further meshing or blurring of the, yeah, like fully on chain versus traditional finance world. world yeah yeah and uh and the talking about the perpetual leverage system that hype can get the
highest revenue in crypto have you seen how the phantom works and how the phantom get revenue
right now it's amazing to have like phantom just did no no perpetuals no trades like leverage you know yeah yeah no I'm
basically they they just got the revenue from swap right yeah no I think that's right. Yeah. They have so much.
I mean, so cheap maybe and the spread is little.
And Kuru can be like Phantom.
You know, if I swap in Phantom,
it's like automatically find the cheapest
and efficient way to the customers, right?
I mean, true, but I think the only thing is that Phantom takes like a pretty hefty fee
off of swaps within their front end, like on their wallet.
So you're definitely getting hit with like some pretty big fees.
Like I think that it's definitely more beneficial for you
if you're trading on your Phantom wallet
to go and open up Jupiter in the browser
or something like that
because Jupiter is also an aggregator.
And they're going to try to find you the best price as well
and they're going to execute it with lower fees.
But the ease of use of Phantom's swap feature,
most people are willing to pay that fee.
I know I am. I tend to agree with you you i just think that we probably can't take for granted that for all users that will
always be the case i mean we we don't have we don't have to open the third party like open the
cool swap from the search phantom engine and we just getting lagging more and then getting lagging
so for me it's like better to directly swap from the phantom app
yeah yeah no fair man fair that makes sense yeah yeah yeah i mean if the crew can give the lowest spreads or the lowest fees for the
users with phantom we can get the highest revenue from users if we if we can do that right yeah no
for sure for sure that's definitely the that's definitely the goal is uh
low fee and deep liquidity so yeah no i'm right there with you i think that it's going to be
something that we're yeah hopefully in pole position for so we're going to try to
get after it to make that happen yeah no i'm with you yeah yeah yeah yeah let's. Let's do the best together, bro.
Yeah, yeah.
No, I'm with you.
I'm with you.
Yeah.
I feel like in terms of content for this week, we've done pretty good for all of us being a little bit out of the loop here.
So we've got the Greece NADS meetup going on this week.
That's going to be a lot of fun.
Yeah, we've got tokenized equities and stuff.
Maybe this is like a good closing piece that I had in mind when KB was talking about,
is this top signals or not at this point?
I think that my great comfort in all of this is like just at the end of the day,
what we can't take for granted is that crypto is here to stay.
Like I just can't imagine at this point being really caring that much about
the short or midterm.
Now I know that there are like traders and people that like make their
livelihoods or,
or their side hustles off of like trading perps or just trading meme coin spot or like whatever it is on chain.
And like that's really important to you, like what the market's going to do over the next six months and all that, which is real.
But like we are just like we're not getting austerity.
We're not going to get like big cuts from the federal
government like we are probably on the road towards a financial crisis within the next i don't know
five to ten years maybe in the united states maybe in the world and crypto can still be is a or the safe haven for all of this. And crypto being integrated into the financial
landscape in these substantive ways is just further green lights along the path towards
crypto not just becoming like a way to get rich, but even more so as KB was saying, like maybe you can't turn $10 into a
million dollars anymore, but you can protect your wealth, like preserve your wealth, like create
more fair and equitable opportunities for people to be able to trade and hold and store their wealth
and their money. And that is just going to be like a such a huge win. So like all of that's
just to say, long term, I think higher is like fair. And really, at this point, like, I really
think that you should just be thinking, sure, look, like trade meme coins, trade even like
bigger alts, and even majors, like even Solana, if you really believe in them, and eventually Mon, because I do think that there will be real value there.
But like buy Bitcoin, like that's like the real takeaway from all of this, I think is
like, you need to be accumulate, like you can't lose the plot.
And it's important to look not financial advice, you should evaluate this for yourself.
But like Bitcoin's digital gold narrative is becoming like more and more not only apparent, but I don't know, assured. be like protected as like kind of a safeguard against like what could be coming in terms of
like the national, international, global financial landscape. So I think the future long term of
crypto is just like really in a good and healthy place. And we're going to get like really
interesting developments over the course of time. And yeah, so it's just an exciting time to be in crypto regardless of whether you
think the market is cooked in 2025. I think that what we know now is that it seems more likely than
ever that in 2030, in 2035, in 2040 and beyond, like crypto is still going to be here. It's going
to be chugging along. And that's the case and inflation continues on
in the same direction that it's heading right now and with how uh just kind of like entrenched
crazy spending and crazy monetary policy and all those things seem um yeah you're going to want to
be exposed so oh about the inflation and um what are you talking about yeah so uh like in the first july like this
month uh the u.s senate approved trump tax bill now it's a matter of the final vote in the house
over percentages which will be held from july 2 4. So, do you think that...
So, the national debt of US will go by like $5 trillion.
dollars uh will you think do you think that that this um tax bill will just open the way
to die exclusion of the printing press so like basically uh because of that the crypto can go up
like in 2021
Biden's administration
like some tokens
went from $1 to
$5 or $10 those days
yeah
yeah i do okay so i think that i think that that may very well be true i feel like there's two
pieces there right so like one is that crypto is both crypto threads the needle of being both some of the best risk assets that exist in the market today.
So like when the money printer goes burr and people are spending a lot of money or printing a lot of money, crypto goes up.
Crypto, especially Bitcoin, also threads the needle of the narrative of being digital gold and a safeguard against inflation and craziness and economic instability being decoupled from the fiat world.
Right. So like in that way, I don't want to just say that crypto wins regardless, but sometimes it does kind of feel like that is a potential or likely scenario. And so in that way, it does seem like
with Trump's, you know, going against Jerome Powell, wanting interest rates to be reduced,
wanting the money printer, global money supply, all these things to go up, wanting the stock
market to pump for his voters, his base, all these things, probably wanting crypto to go up as well.
all these things, probably wanting crypto to go up as well, just off of the way that he ran
his last campaign. I think that regardless of, and I just can't, Trump came in so strong
being pro austerity and cutting the federal government's spending, reducing the national debt, all of those things.
They tried for a few months.
It totally failed.
They put together a crazy spending bill.
So I just think we in the short term, this would be my read.
Now, I could totally be wrong.
But it really seems like we're in the short term path to money printer go burr and maybe assets go up a lot.
But in the future, we probably shift to like, oh, my gosh, we're in a crazy scenario where
like the dollar and America's financial hegemony, all of these things are like at a total existential
risk, maybe the world.
And I think in that scenario as well, like you want to own Bitcoin.
So I think in both scenarios,
like you want to be exposed to crypto.
You just need to be really thoughtful
about the assets that you're going to use
to get that exposure.
Bitcoin is certainly the safest.
Like it may very well also have lower upside relatively,
but we really don't,
like Bitcoin could kind of have like an unbounded
limit insofar as it adopts both of these risk on and risk off narratives so yeah i don't know
that's kind of my renown things but yeah yeah well that was a lot of rambling for me so thank
you guys for um for tuning in.
I'm sorry I tend to get long-winded in these,
but that's what coffee and zen will do to you.
We love your rambles, Cozy.
We love them.
You're so smart.
You're so informed.
Thank you again for always just doing the research
and letting us know what the hell is going on.
Well, I'm happy to. Most of the time, this is like very much so like me just getting like
myself, like knowing just enough to like get myself into trouble. So I do appreciate that.
I will say by way of a shout out for later today, I'm actually going on, so it's called Modular Media. Modular Media is doing a Claw
Wars stream series, and there's going to be an episode today. We're going to have our own episode
for Kuru specifically that goes live on Friday, and today is going to be a stream with a few other.
So I'm going to be on stream with the team from Bullet,
with the team from Rise Labs, and with the team from, it's called Dara something. It's like a
perps and DeFi platform that's building fully on chain on Solana. And so we're talking clobbs,
right? So definitely come out for that. It's at
5 p.m. Eastern time today. I'm going to be going live and that'll be super interesting.
I'm going to flounder my way through and hopefully be a good representative for Kuru on that. So
I hope you guys come out and join. It'll be a day full of streams and shooting the breeze on
DeFi. So come through for that. Keep an eye out for our stream on Friday.
And yeah, thanks so much, guys, for tuning in. I hope everybody that is going to the GreaseNads meetup this week has an awesome time. Safe travels for all of you. And if you're not,
you can just cope and seethe just like me and I will be doing while we get all of the cool content
and everything. It'll still be super fun
and so I'm excited to live
vicariously through KB
and the whole crew and
yeah, it'll be a lot of fun.
So that's really all we got for this
week, guys. Go check out the
DeFi hack space that is
going live in just
a bit here. Let's see
what Abdul and the crew are talking about.
Yeah, and also, as you mentioned before about the recognizer in Munat Tessnet,
so as I know, you need to have full access to play that game, right?
You do.
Oh, yeah.
So I don't have that.
Yeah.
But you said, like, so if the US dollar will be, like, in the crisis, yeah? And everyone will go buy Bitcoin.
But there is a chance that they will not buy Bitcoin.
They will change to Chinese Yuan rather than Bitcoin maybe.
rather than Bitcoin maybe.
But there's also a chance that they can
like buy Bitcoin
if there will be some problems with US dollar.
But in a big perspective,
maybe they will go to another value.
You know, because there are most of people, they don't like, you know, this,
like, wait, how to translate it?
Okay. I'll just, I'll just jump in off of what you said board guy um i'm probably gonna i'm
gonna wrap this up in just a minute here but i think that that's fair in a sense like the dollars
dominance is not like guaranteed for the future um that is fair like it's fair to wonder like
should we all be learning chinese right now learn mand Mandarin right now. But I still think that the real value drive that could potentially send people around the world to Bitcoin is that if you're going to buy the Chinese yuan, you're going to be implicitly trusting the management of the Chinese government over this currency, like in whatever form or fashion they have.
Right. So like maybe there's a world where the yuan becomes better
than the dollar like that's totally possible or feasible i don't really want to live in that world
candidly um no i'm not saying like that i'm just saying that maybe like um the investors will just
like go to un but okay there's i'm not saying that I would like to live in the world
like this of course I'm just saying there's like a possibility you know but
I hope that people will go to to buy a Bitcoin but like of course there are
people most of people that they don't like trust digital currencies.
Yeah, I mean, I think that Bitcoin has all of the fundamentals to be able to become that shilling point.
And at the end of the day, investors have to make their own decisions about that.
And there are a lot of options that are available to them.
But yeah, we'll just see where things go from here.
So yeah.
Well, guys, thanks so much for tuning in
to this week's episode of Crew Live.
A ton of fun vibing with you guys
on what's going on in the world
and in crypto and all those things.
And yeah, just want to wish you guys the best.
Again, safe travels for the crew that are going over to Greece this week.
We hope we get lots of pictures and memes and all that good stuff that comes out of it.
And we will be back here on Wednesday.
Small teaser.
Just keep an eye out for Monday.
It's going to be a fun day.
Monday, fun day.
That's all I can say right now.
But yeah, so I appreciate you guys coming out and tuning in.
And yeah, have a great rest of your Wednesday.
And we will see you guys again next week.
Thanks so much for tuning in, guys.
