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Litecoin
Recorded: March 10, 2026 Duration: 4:52:28Space Recording
Full Transcription
Thank you. Music Thank you. I Thank you. Thank you. Yo, books.
What time is it for you right now?
2 a.m.
This dude never stops working.
I can't stop working, G.
Matt, I met Crypto King tonight.
The bald dude?
Crypto King?
Logan Paul, yeah, that guy.
Crypto King?
Yeah.
Wait, does he have like the tattoos?
Yes, yes, yes.
Oh, I have him blocked.
He talked mad shit about me.
How was he in person?
Great, bro.
I'm sure it could be hashed out.
I mean, they're always friendly in person.
I'm just saying.
Like, on the internet.
I was always friends with him.
I was always friends with him.
I was too.
And then I don't know what happened.
He just started talking shit about me out of nowhere.
I think you, it was before me.
Like, before I was with you.
I don't know. I was always friends with the guy. I never had a it was before me. Like, before I was with you. I don't know.
I was always friends with the guy.
I never had a problem with the guy.
All of a sudden, he just came out of nowhere and started taking his shots.
I mean, people can't help themselves.
Then when they get blocked and they fade off, they just...
I don't know, tell them.
I'm like, you were the one taking shots, man.
Are you sure there's a misunderstanding or some shit?
I guarantee if I recollect it all
and I go and look at the tweets, what he said,
it was probably some real dumb shit.
It's whatever.
I don't really take shit personal anymore.
I get it's like an engagement
game. Some people just
can't figure it the fuck out.
But I gotta go to those levels and it's whatever.
I'm like...
What are you working on, though?
No, no, I just
met him. I just met him.
That thing I'm working on, I got to talk to
privately. Are you with him right now?
No, no, no. Earlier.
Like an hour ago.
I mean, there's a lot of good people in Dubai.
There is, yo. Best place. I mean, there's a lot of good people in Dubai. There is, yo.
Best place.
I think so.
For what we do, it's the best place to even mix
Web 2 with Web 3
to break out of Web 3.
You get to meet the people IRL.
The people that are serious about it, you get to meet them IRL.
And the people that are...
Yeah.
But I've realized a lot of these Anon people...
I think at this point, you got to be docs.
At this point, you got to be docs.
Too many anon scammers.
Agreed.
Today, I had definitely the most productive meeting, though, with that, the thing I said.
That is the most productive meeting I think I've ever had in Dubai.
Anything coming from it?
I think so, bro, yeah.
I think so.
Debt gets submitted tomorrow, and then we find out everything. Yo, if something, I'm going to be on the first flight over there. Everything.
Yo, if something, I'm going to be on the first flight over there.
By the way, that screenshot of a Telegram message is fake.
I mean, you ain't got to tell me, dude.
I've already sleuthed everything out on everything, and it's not good.
And I'm just like, man, y'all throwing stones from a glass house.
That's all I'm thinking. Low IQ ret a glass house. That's all I'm thinking.
Low IQ retards.
Enjoy. That's what I'm thinking myself. Like, go enjoy, guys. Enjoy.
You think a guy that showed up yesterday who started shilling Aster after it ran up and came and farmed the stages is the guy?
Okay, you're going to find out real quick.
Look into the... Hang on. You want to do your research?
there's so many Alex.
Yeah.
Well,
here's an easy one for everyone.
Don't,
it's called don't buy this.
And they didn't even bond it out and they rugged it.
I'm just like,
come on.
Can we not do this right now?
They want to do it.
And I'm like,
all right,
whatever,
dude,
it's not going to do anything to me. Not not gonna do anything to me not gonna do anything to books
it's just gonna be like weird and it's it's just gonna expose people and I'm
like I'm not trying to go out of my way oh my god we're so deep in the bear I
don't know how you're dealing with it I would have crashed I don't give a fuck
well I would have I won't give a fuck I don't give a fuck well i would have i won't give a
fuck i don't give a fuck you know what i mean i would have lost my mind by now i'm like this
this person this you know i would have lost my mind and of course it's some anon person that no
one knows and then uh someone sent me all their details he got you know duy and he's been charged for other charges and it's like, oh God, it's not good anywhere
you look at it.
But this is the space we're in.
It is what it is.
I think everyone's entitled to their own opinion.
I think there's a lot of false information going around.
And I think that that's what I was talking about last week or two weeks ago when I was
like, they're focused on quality control.
How about we hold some of these people that make false allegations, you know, hold them accountable, but they're not really worried about that.
It gets, I don't know, it brings drama.
That's what people build their council on.
And then when they realize, like, well, you mean you didn't actually like me?
You didn't want to mint?
I put out books.
I put out like just like a little fishing tweet because, you know, Aster's going want to mint? Bro, I put out a book. I put out just a little fishing tweet
because Aster's going live. I was like,
I'm not doing it. I just want to see
what the engagement would be on it. I'm like, hey, I'm thinking
about doing an Aster NFT. And then the engagement
rips. And it makes sense why they come
after like that. They're like,
oh, I want to be the guy who
mints an NFT. That's what
they want. And then they're not going
to be able to do any of that.
That's, that's the, that's the sad reality. They're not, they can't bond out a coin. Like that's,
and they're going to say like, I'm a bad guy. And I'm like, okay, if I'm such a bad guy,
go be the good guy. Like, I get it. I'm the bad guy. Go be the good guy. Like,
oh, I only could pump a coin to X amount. Oh, go pump a coin higher.
Go shill it. Please be my guest. I will cheer you on. I'll be like, man, maybe I can make money
off this person because they've never shilled me a winner in their life. But they never do that,
Never do that books.
books. And it's just an annoyance of crypto tour. We just have to work through, get through and
And it's just an annoyance of crypto tour.
We just have to work through, get through and whatever.
I don't care one way or the other.
Just annoying.
I'm like, they need to have a button that says like false allegation.
And then they got to prove what they say.
got to prove what they say and if they can't they get their account suspended
And if they can't, they get their account suspended.
seriously I was talking to um I mean I was on a space with solo just and he was
giving me like he thinks that's a great idea it works for Dubai it cleans up
they act in Dubai you don't have any slobs in Dubai you know like that false
information propaganda thing to get clicks dubai you know like that false information propaganda thing
to get clicks and views you know you're gonna get reprimanded if you do that like it works in dubai
it cleans up dubai you bring up stand-up citizens citizens you'd want to engage and network with
why don't we not apply that same methodology to twitter
it'd clean up this place but I've realized what crypto Twitter is.
It's fucking some super bottom of the barrel degenerate fucking place.
It's sad.
I don't think it was always this way.
I think it just came this way recently when you could just, you know, turn on a camera
and then, you know, you're doing dumb shit and you're getting money for doing dumb shit.
You never, you don't need to put money on the line anymore.
You don't need to work.
You don't need to have disposable income.
You can come in here and just start rugging shit all over the place
with no sense of trying to make anything work.
I've seen books working on this motion NFT.
Harder than 99.9% repeating NFT founders.
They would have already given up by now.
I mean, I'm being so serious, especially now.
I mean, they've given a reason for every NFT founder to just fucking quit.
Like they just removed all the NFTs from all the other chains.
And I've seen him.
I've seen books onboard more, better, like, holders.
This collection, I've seen any other, any NFT?
I'm like, bro, do you think you can do better?
Just go do it.
The problem, here's where the problem lies with these people.
They can't do better.
Like, they can't.
If they could, they would.
Like, if they could, they would.
I've already, like I just said, go look up, what's this coin called?
The, don't buy this coin is what it's actually called.
Yo, yo, yo, if't buy this coin is what it's actually called pretty funny.
Yo, yo, yo.
If you're,
if you're a motion NFT holder,
anyone that like
is falling for this
retard stuff
or whatever,
it benefits us
in the long term.
Don't pay them
a dollar above floor
for their fucking NFT.
Let them fucking
sell those NFTs
for nothing
and just trust
the process. Like, it doesn't cost nothing and just trust the process.
It doesn't cost much money to pump the floor.
I could pump the fucking floor with my eyes closed.
I ain't worried about it.
Nothing this guy's saying is hurting me
or making me upset or anything like that.
One day, I'm broke.
The next day, I scammed a million dollars.
The next day, I have no money. The third day, I rent cars. The next day I scammed a million dollars. The next day I have no money.
The third day I rent cars.
The fourth day my watches are fake.
The fifth day I've scammed millions.
Like, it's contradicting themselves over and over again.
This guy's a fucking loser, yo.
And an actual piece of shit and a scammer.
But, hey, to each his own, let Twitter play its role.
You know, hopefully twitter does its research and realizes what kind of person this guy is for me i have guys people
that know me irl all over the space people that know me period know that i'm not a piece of shit
so you know they could they could go suck a dick i ain ain't worried about them. We got Litecoin and Listener.
I don't know where they...
You know, they had a good meme coin books.
The Litecoin meme coin.
It was actually one of my top favorite ones.
Did you see it?
It was like a stick figure.
It was like...
Litecoin went on a generational run on a fucking meme coin.
They created like Lester was his name.
What's up, Litecoin?
Litecoin is one of the best chains.
One of the chains that really got me hooked on to learning about crypto.
That's what got me hooked up.
Yeah, same, same.
I met the Litecoin founder.
Bro, the Litecoin founder couldn't care about me, though.
I told him my story.
I was like, dude, you know, like when I was downloading Coinbase, I saw Litecoin, Ethereum, and Bitcoin.
And I just looked
at like oh my god i can buy like 20 litecoin or one bitcoin and i was like give me these litecoins
and then litecoin shot up to like 300 plus and i it got me hooked on crypto yeah in taiwan you met
them uh-huh and i remember litecoin days were crazy bro and the chart doesn't show it's true all-time high like if you check my coin market cap and stuff
It's all about it's all about time to books guys like what happened in
2017 or whatever it is is mean like
It's like people will probably if you look at the chart of like coin
They'll say something but it's like pro you had to like it's all in crypto. It's so time relevant
Like what happened even like last year is so irrelevant to what
happens now like something's not gonna pump to you're not gonna get like a oh my god we got
litecoin on the panel gentlemen it's me again david what's up david hey how's it going guys
What's up, David?
Hey, how's it going, guys?
What's going on?
Not much.
Glad to hear about the excitement for LECA.
I saw the title and I remembered you guys were so nice to me last time I was in here.
So I figured I'd pop in and support you.
Appreciate you.
What do you think of crypto at the moment?
I mean, i think litecoin
really trailblazed onboarding the masses to crypto uh yeah sure it definitely helped that's for sure
i um i came in during the time was it august of 17 myself personally and uh i was so pissed i had
missed that february march time frame before it went on coinbase
by the time i got on it was probably around 50
45 50 so where it's at now which is kind of funny in a sad way but still you know
well i still think people look at litecoin as you know like the alternative
of bitcoin of some sort isn't that yeah well in a you know in a fast inexpensive way right like
when you uh when you look at transactions um they're going through in seconds and
and it's costing you like i think the median fee right now is 0.0001 of a penny or something like that.
So it's great.
And I mean, I use it all the time.
Lots of people that I know use it quite often.
And I have nothing negative to say about it, especially like so when someone uses it for payments, either they're holding on to it for a long time for the price to appreciate and then they use it, right?
So they either double or triple their spending capacity or they'll also buy it immediately and use it immediately for whatever it is that they want to pay for, which is what a lot of people do. So it's not stuck in this mold of where it's just being used for buy and hold and then
try and retire six generations after you kind of a thing.
This is practicality at work.
Damn, you want to see a crazy screenshot I just found?
Let me comment it and show you guys this is crazy litecoin did so much for crypto i think between litecoin and rippled i think those are the two
two coins that really really on boarded the masses and altcoins like when altcoins was
in his heyday it was those two specifically. And Dogecoin.
Those are my two biggest,
like first big wins in crypto.
Me too.
I remember, yeah,
you were saying like it doesn't even track how high Litecoin went on that.
So what's the all-time high you see?
Right now?
Well, it all time.
From back then.
So if I go back to like 2017, it was like, it hit like 290, but it definitely ready.
It hit 400 Alex.
I couldn't sell until I took the screenshot I'm about to post.
It hit like 412 or 407.
Yeah.
I think that's about, it's like, that's about that little spike, that little
peak at the top there.
And Coinbase stopped people
from selling.
At the time. Look at this, man.
Did you
participate in Lester?
Are you familiar with Lester?
No, I didn't know how to do that stuff.
I'd like to clarify some of that for some of your listeners.
So, you know, if nobody knows what he's referring to,
back in November of 2024,
sort of handed over the reins of the Litecoin handle,
the one that you're listening to right now talk,
sort of headed the reins over to a few people to sort of spice up the posting
because normally it was really just like some stats
and it'd be like once a day or whatever.
And it was very, you know, it was good information,
but it's not going to really spark people to be trying to find out what the handle's doing
or what's going on with Litecoin.
It was really like for people like myself, they're nerds on how much the metrics are changing.
And, you know, like these are the places that are adding Litecoin or whatever.
Good stuff, but it's not really going to shake the masses to get excited necessarily, right?
masses to get excited necessarily.
Right.
yeah,
I don't think I've ever actually said this in public or anything.
So you guys,
you don't have to,
I don't want to force.
So there was a post that went out.
I was sitting in my living room on a Wednesday afternoon,
evening,
and I was just like,
you know, this whole meme coin thing is ridiculous. You can't get any attention unless you're a Wednesday afternoon, evening. And I was just like, you know,
this whole meme coin thing is ridiculous.
You can't get any attention unless you're a meme coin.
So I just wrote a post that said,
due to her marketing conditions,
I now identify as a meme coin.
And then I went back to talking to my wife,
I walked the dog, came back and I was like,
I don't remember how many views it was.
That post alone got like over 10
million views and for like when that was ridiculous, right? So I found out that Dogecoin
was asking Greg, I don't know if you guys know Greg on X, but this guy, Greg, has a huge following. And they asked him if he would come up with a drawing for a meme for Litecoin.
And so he drew a stick figure with the eyeballs and the Litecoin logo in the middle.
And then they asked him, well, what would you name him?
And he said, Lester.
And so we just ran with it, right?
So there was nothing from our side where we
created a meme coin. We actually didn't even support it. We, there's a very, there's a very
distinct line for us to stay on as far as like, you know, the foundation and the handle and stuff.
And so we don't, we don't promote any, any of any of that stuff right whether people like it or not
is that's up to them totally right but um the problem was the people that created that
were trying to make it look like we were supporting it and that we were
a part of it and all these other things and so that caused quite an uproar for them to benefit from it when
actually we had nothing to do with it. And so after a while, it really started getting out of
hand. And so one of the other posts that I did was to make sure everybody understood that we
weren't actually affiliated or tied to that. And it just basically killed it. And so they were pissed for a very long time
because they weren't benefiting from it anymore,
but literally, like, we didn't want anything to do with it
as far as, like, we weren't tied to it.
We never got any of it.
We never planned anything with it.
It just literally started from a stupid comment I made on a post,
and it went from there.
So it shows you the power of, you know, how that stuff
works. It still blows my mind to this day. Um, and it was literally a tongue in cheek post that
I made. So for anybody that made money out of it, I mean, kudos to you, anybody that lost money to,
you know, on it, I'm sorry, you know, you know, but that's actually the real story behind it.
And so I still, you know, like I said, it blows my mind to this day how that thing blew up,
but it did help us bring more attention back to Litecoin for a good period of time.
And I do believe that there are people that learned more about it because of it.
So even though, you know, some people took it out of context
and it was a fun thing to do.
And I mean, the handle just went absolutely unhinged
for a while and that was a lot of fun.
And so I think it did bring some people back
to understanding and trying to learn more
about maybe some OG altcoins and whatever else
that otherwise probably weren't getting any attention
whatsoever because they weren't part of what was going on
with the whole pump fund and meme coins and all this other stuff.
You see the Litecoin screenshot?
Litecoin?
What's that?
You see the Litecoin screenshot at the top?
Still the best mascot.
No, no.
Scroll to the right.
One to the right.
Coinbase screenshot.
Okay.
Look at that all-time high there.
That's crazy, yeah.
And it was a lot higher.
It was a lot higher.
It was like 407 or something like that.
Yeah.
Yeah, the other thing. So, you know, we want to talk about it. Like you talked about the founder, Charlie, you know, he sold his,
he sold his in I think I remember December of 17 and he,
he was letting everybody know what was going on.
And then he also even identified the prices when
he sold because there was a huge issue with him it's not like hosting right if he just posted
something people were buying and selling and not even just litecoin but like crypto in general i
remember when he was talking about um the stuff that was going on in china at the time how they
were going to be banning things and and other stuff right and
it caused people to buy and sell based off that so he divested of all of his likely like to this day he still funds everything that happens with the foundation any of the development that happens
he's he goes on tons of podcasts and he speaks and he supports light coin 100 had a role in us having a layer of privacy added, all kinds of stuff.
But it makes him be able to do all that without anybody questioning his
motives because he doesn't actually, you know, hold any, like,
like the rest of us do. He uses it, you know, I mean,
I was just literally talking to him earlier today and stuff,
but holding it like as an investment or anything, it was the best thing he could have possibly done.
Because even the SEC came in and before they would look at anything having to do with Litecoin and ETFs and all this other stuff, they wanted to make sure that he was not invested in it in a way that would cause any issues or anything. So he's always looking three steps ahead.
And luckily for us, everything worked out well.
But his average price, if you go and find his post where he talks about it,
his average selling price was like $205, which was half of the all-time high.
Yet people try and talk about how he sold at the pico top all the time,
which is so not true.
But that's the narrative that ends up lasting through all this, you know, Twitter and X BS that, you know, if people are against a certain coin, you see people spread lies about coins and founders and other people all the time.
lies about coins and founders and other people all the time if you don't actually look into it
and understand yourself what actually happens behind the scenes you'll believe whatever you
read and if enough people say it everybody believes it right so that's kind of the thing
that's happened with charlie so where he's done the best thing he could possibly do for the coin
itself and still supports it to the stand. I mean, the guy's plugged millions into it behind the scenes and he does it for other
people too.
He's helped out so many people in the space that nobody would ever know about because
he doesn't talk about it, including Vitalik and others.
Nobody would know.
You guys kicked off the whole mascot season.
We had like everyone had a mascot after Lester,
but nothing ran like Lester.
It was my,
I made money on it just so we're clear.
How did you,
how did you buy Lester at the time?
Like,
well,
what did you have to do?
It was just,
it was just a recent.
Yeah.
Well,
ending of 2024,
Greg was the one who started it all and then um yeah
and it just took it then it was like a mascot for everyone but nothing ran like like one you
couldn't have you had to been a bad trader to not have made money on lester to be honest you had to
and it ran up for so long and so high like it was like the easiest play ever
It was like the easiest play ever.
See, I thought we was talking about way back when.
But I think it drove in a bunch of attention for Litecoin.
Like, not just like the...
Because then you guys became like a...
You guys ratioed everyone on the timeline.
It became like this shitposting account.
Yeah. Yeah, it did that for a while too which you know that has its time and everything and based intern yeah it was based
it was like it was so it was so crypto native it was like they knew what they were doing
it drove i'm telling you it drove the price of Litecoin up because Litecoin was mooning too. Yeah.
Yeah, it helped some for that, I guess.
I think it's funny for the people that were posting.
It was like this release because you could do it anonymously.
So some of that was like the most degen parts of the people posting was like coming out.
And it was kind of funny so yo i remember i remember i
was like charlie lee on twitter was like a god in 2017 and 2018 it was like the smartest crypto
twitter account to follow and learn from like i learned everything about crypto from charlie lee
yeah myself included that's how i got into Litecoin specifically, actually.
Like that's a Twitter handle I'll never forget because it was like,
bro, it was the only reason I even used Twitter at the time.
I would go Twitter, search bar, Satoshi Lite, enter,
and just look at all his tweets and just read and learn.
He was the only person really educating people and like explaining this thing to he's very honest and upfront about it too like even if something was like wrong on his end or
whatever he would tell you oh yeah and i feel like xrp took a lot of uh a lot of market share
from litecoin man i think a lot of things did. Like the narratives changed, right?
Like the seasons in crypto changed.
You had the longest time it was, you know, break away from the banks. You know, let's start our own monetary, you know, parallel universe with Bitcoin.
And, you know, anything that tried to be relative to that, you know, well for a while including litecoin and then
come around what was it like 16 or 17 then you started having you know the the big ethereum push
and icos and all and then that just went into all different kinds of directions from there
and it sort of abandoned the original you know know, narratives of giving the finger to the government
and the banks and everything like that.
And I think that'll come back at some point.
You know, you would like to think it does.
Because there's no reason why you can't have an exchange of value
that doesn't involve a third party.
You should be able to have that.
If you think about it, I mean, people did it all the time before we, you know,
we had the creation of money as an intermediary.
It was always bartering and things of value that you could do for somebody else
or somebody could do for you or you harvest weed and they make pottery.
And, you know, I mean, all that stuff was person to person you know for the longest time so there's no reason why we can't
have that with some sort of ledger that is void of any governmental you know tampering or you know
the equivalent of a european central bank or Reserve, which if you guys ever read like
the Creature from Jekyll Island, one of my favorite books, you go and read that. It talks about the
fact that the Federal Reserve was actually modeled after the European Central Bank at the time already,
which was already set up by certain families in the banking industry over there. So they just basically took that model,
met on this island, the five of the largest bank, you know, bank heads along with a
representative from the government, figured out how to do this for the United States, but still
make it an entity that was private, yet for the most part, people thought it was part of the government
is there anything on chain for like when do you trade they're like nfts and meme coins for like coin yeah yeah there's entities there's ordinals um i think there's over 100 million ordinals
at this point um there's uh there's a layer two that's being built out right now.
That's called LitVM and they're gonna have
all kinds of stuff on there.
Everything from RWAs to NFTs to stable coins
based off Litecoin, all kinds of stuff.
That should go live by June is my understanding.
But there's some sites that have,
or some apps that have held and sold and stored
ordinals and NFTs on Litecoin for a long time already.
And also, I think the last update as well, the ETF, right?
Yes. So there's an ETF, right? Yes.
So there's an ETF from Canary Capital.
Yeah.
There's an ETP for Litecoin that's been in Europe since, I think, 2020 already.
Bitwise controls that now.
And how important do you think meme coins and NFTs are for a chain?
I guess it depends.
I guess it depends on how much they rely on that or their identity.
It's not an identity that Litecoin has ever sought out, but it's something that can be done on it.
So if you were to sort of weigh that against payments or store value or you know optional privacy or anything
it's going to rank below those but um i guess it depends if you can find enough real utility for
nfts then maybe that would be something that would jack its um reliability up a little bit more
that's the thing about litecoin it's you know it's it's a good
boring right so if you can find things that are utility based um for real things you know if you
have nfts that are tied to real estate or i mean that was always a thing for a while right stuff
like that i think those would be good for it i think nfts for fun too are great. I just don't, I never really got into them too much. So
I mean, I don't know how the market is now, but it doesn't seem like it's anything near where it
was a few years ago. So maybe it takes a few more years for that to cyclically come back around
again because everything comes back around at some point. right? So I have no idea. But unless they're going to have some real utility to them,
they'll die off again.
That's just my viewpoint, though.
And I have a question.
I'm sorry, but is there any updates regarding the smart contract?
I think, guys, you want to do some like a layer two system.
Is it correct?
Yeah, it's LitVM.
If you look up, go to the handle Litecoin VM,
and you'll see some of the stuff that they're going to be working on.
It's actually really, really cool.
True, yeah.
Yeah, it's one of the things that I'm actually really excited about
is how they're going to be able to take some of the stuff that you all talk about and actually apply that on top of Litecoin.
You know, all these people, man, they think that me and Alex, all we do is just FUD everything.
Look at Litecoin.
Why are we not FUDing Litecoin?
Because Litecoin is a real crypto product.
Do you want me to do that?
No, no, no.
They don't follow me, bro.
They don't follow me either, bro. I might
join you. Well, I'm looking
at Yasan and he's not following
Litecoin either, so I guess that goes
both ways.
I think you give books and you on a fresh
start.
That's funny.
Litecoin might be an account I've been
following since I made this Twitter.
Well, here, I'll tell you what book.
It's following me back now.
Send me your wallet address.
I'll pay you that 50 bucks.
I've been watching it.
Yeah, I've been watching it.
And personally, me, at least when I'm on it, I'm trying to make sure it stays under a thousand.
Just for a little bit longer anyway.
So here's another one. Ruslan, you got it too. too you're followed now too i think that puts us at ruslan that he deserves it ruslan deserves it he's definitely og too so i'm gonna have to drop
somebody if i'm gonna add anybody else on this chat into there so you shouldn't follow any other blockchains.
Yeah, that's funny.
Only those coins.
Be petty and put it on that Litecoin just unfollowed XRP.
Oh, you see the one with Binance or something?
It was like a big bust when the Litecoin account unfollowed Binance. But I'll be honest with you.
After a while, if some of those larger accounts don't follow Litecoin,
after the history they've had together,
then it's like, okay, we're just going to unfollow it.
Because, I mean, what's the point?
So it unfollowed Binance, and it was like, oh my God,
Litecoin knows something.
And I'm sitting back there going,
I just got tired of not getting followed back,
so I unfollowed it hey light coin light coin that last big big big pump that was just with bitcoin
had none to do with the meme coin did it oh yeah i don't think the meme coin really i mean it may
be moved it um but this last no no that was just literally that's other that's other influences. That's either like Bitcoin or the market in general for like privacy related stuff, right?
It was the last thing that was going on there when Zcash and Monero and Dash and a few others were kind of spiking.
Some people found out Litecoin had a privacy aspect to it,
and so there was a little bit of a push for that, I think.
That probably did it.
So you think if Books, Alex, and Yazan, and Ruslan,
shill Litecoin like we've been shilling Dubai,
do you think we can get this thing to $1,000?
Are you shilling Dubai chocolate?
Yes, yes. No, I don't know. I would never ask you to do that. Do you think we can get this thing to a thousand bucks? Are you showing Dubai chocolate? Yes.
Yes.
No, I don't know.
I would never ask you to do that.
Nah, we're just messing with you, man.
I think, like,
Hello, guys.
Gotta follow us first, bro.
Hello, all people.
Assalamu alaikum.
Lightcoin, good to see you in space.
Yeah.
Thank you for, thank you for a follow. Ruslan's the biggest trader in space. Yeah. Thank you for... Thank you for following.
Ruslan is the biggest trader in the Russian region.
Like, blockchain verifiable.
Oh, yeah?
Yes.
Yeah, I'm just a trader.
And I also... I have...
I have in my spot account Litecoin.
I buy before, long time ago.
I just
hold it.
Well, if you know anybody that's shorting it, tell them to knock it off.
If you're shorting Litecoin right now,
knock it off.
Let me see how much Litecoin
do I have. You have time to follow me.
You know that.
MF or Joe would come up here
like when I was running up on November.
Like even I tweeted out,
I got to give it to Litecoin.
They're doing a great job of capturing attention.
We're watching Litecoin pump because of it.
Like when that Lester stuff was going on,
yeah, sure, the meme coin was great,
but the bigger picture was,
you know, the Bitcoin was moving.
Like that was causing Litecoin to move and you guys were participating in the crypto culture. Like you were one of the very few chains that took advantage of the current like meta. And you guys, I think I've benefited greatly from it. You guys got super active. I mean, MFR Joe, she's a listener. She would come up every day and tell us how Litecoins, she's getting her son to buy it right now.
And like, it's going to, it's the future.
She was so bullish on the whole Litecoin movement.
That's awesome.
Yeah, I mean, it's honestly,
some of the most diehard Litecoiners they've been around since before I even got into it.
So you're talking at least 10 years
and they're just still around.
There's no and there's no
there's no die on them you know they don't die off they just they just they're there it's awesome
i mean how many projects can say that if they've been around for 14 years and you still have people
from the very beginning that still swear by it no they don't they don't normally make it 14 days
No, they don't normally make it 14 days.
Yeah.
And I still think Litecoin made people a lot of money.
Like a lot.
Multiple cycles too.
It wasn't just one cycle.
It was another.
Like, look at that chart.
Every time we'd have everything run up, Litecoin's running up with it, if not better than 90% of the market.
It's like not a bad buy looking at it right in this range.
I have 97K in Litecoin 1 805 litecoin
right now damn right now and you can go on chain check the wallets because i'm about
to start moving to exchanges oh you have five minutes you suck
i'm not kidding you can watch on chain I don't know
why would I watch somebody stab me
in the chest that would be
I'd be like
we gotta give Yazan
the follow back he's a big supporter
yeah
that's awesome, though,
if you're holding that.
Use it. Instead of just trading
it or selling it, just use it,
man. Use it for something.
I mean, that's the whole point. Why do you think I'm holding it?
I don't know.
I'm not following that.
To use it.
Oh, okay.
Good. You know, use it, you, okay. Good.
You know, use it, you lose it.
You know, there's a lot of things that's getting added into, like, so I don't know if you guys know this, but, like, we're really concentrating on Europe this year.
The U.S. just absolutely nails Litecoin.
It's awesome.
It's, like, where the most users, followers, investors are mostly in the US, but the two strongest after that is the EU and Asia.
And so we've had all these conferences. We've had a Litecoin summit almost every year since 2018, bar two during the COVID era, but they've always been in the US and three out of those
five were even in Vegas.
It was very narrow, the scope of where we had it.
So this year we decided to go outside the US and we're actually having it in Amsterdam
in June.
So June 22nd and 23rd, it's in Amsterdam.
So June 22nd and 23rd, it's in Amsterdam.
And then later on in the year, I'm speaking at a Web3 conference in Dortmund, Germany, in September.
And we're looking at possibly doing something else, maybe a side event or something like that,
and another larger conference near the end of the year, but all in the EU so that we can sort of expand, you know,
that attention to light point in the EU because there's a lot going on there.
And then maybe next year we do something else, like maybe we go.
You guys don't go to token 2049?
We've had a couple people speak at it, but I think the next thing we would do maybe next year
is try and do like Asia.
So if you're talking 2049, you could do whatever's going on in like maybe Korea or Japan or like those places.
There's still a lot of fanatical white coiners from way back in that region.
So, I mean, they deserve to have a conference too, right?
And then maybe after that, the year after that, maybe it's the Middle East or it's South America or something.
But we got to break out of this whole mindset that like the US is everything
when it comes to crypto because it's not.
I mean, maybe it leads people by the hand sometimes
with a lot of the stuff that's going on.
But I mean, literally, if you're supposed to be a global currency or whatever you can't rely on on just one geographic area
to carry you you got to be able to be a global currency so that's why we're trying to concentrate
on expanding our foot our footprint um with like conferences and supporting other conferences and stuff.
Actually, I agree when it comes to Middle East specifically
because the community here, they are crazy with Litecoin,
by the way, from long time.
So I think it would be a right move for you guys in Middle East,
to be honest.
I think so too.
You know, I actually had a conversation with a guy.
He's in charge of an entity called Ignite with a Y.
And it's through the Dubai government they're sponsoring this. And so this Ignite program
actually helps facilitate and incubate projects that are in the crypto space to come over there
and participate in some way within the Middle East. So I think that's a great thing that they're doing. And you're right, we do need to be over there more and make our presence known.
So we'll try and figure that out. But you got to remember the foundation, like we don't,
we run off donations and a very generous creator who donates quite a bit of money to keep the foundation running.
But we don't hold a treasury, right? We're like Charlie. We want to make sure that when people
know we're working on Litecoin, it's for the best interest of everybody, not for the foundation.
So there's no selling of coins. There's no going and sending a bunch of the coins to
some third party that creates a lot of yield for like we don't we
don't do any of that we don't hold any of it simply so we can say everything we're doing is
for litecoin itself not for any of us to bet you know be the benefactors of it financially so it's
harder for us to do a lot of the things that you see, you know, a Ripple or a Solana Foundation or Ethereum
Foundation or anybody else that has these, you know, they at least have a treasury or
some sort of stack or chest that they can kind of dip into and do things with.
We don't get any of that.
So we have to be a little more creative with how we get the word out.
How important of a role do you think crypto twitter relevance plays
oh for us quite a bit um but you know it's interesting i think there's some very underrated
social media apps and stuff out there that at least for crypto are you know that can hold some some influence on them too like if
i don't know if you guys are into the coin market cap or anything but like uh there's a lot of
people that actually do stuff on coin market cap as far as you know posts and other things related
to crypto obviously um and our marketing guys really built that out quite a bit, which is good.
But it's still, I think Axis is still the main crypto place.
And then probably Reddit after that.
But it's important, definitely.
Especially for us, if you think about it, right?
Like the only thing we're paying for really is to have a premium or, you know, whatever level exposure through, you know, the monthly cost of having that golden check there.
But other than that, that's it, right?
that's it right so yeah i think from what i see is like twitter plays such a big role in crypto
like it's the communication it's where all the liquidity is where all the users are i don't even
know where you go to find any more users in crypto outside of twitter twitter anymore you said reddit
you think reddit plays a role in crypto yeah it does um you know what's interesting though
is um if you go into some of those like if you go to if you go to r slash crypto or some of those
every time that we've ever tried to post something about litecoin um they suspend the account or
they or they like literally like get it shut down. So, and then they mute the post.
So it's really hard to break through on some of those.
So, I mean, there's the, you know, there's the Reddit Litecoin that you can go to and it has quite a large following. following but like if we try to do anything on any other crypto related reddit channels or chats
or whatever you want to call them usually they they're pretty hostile to light coin posts so
they they shut them down which then makes it hard to spread the word because then we're just in an
echo chamber of our own reddit channel and that doesn't help bring in new people right and i'm sure that's the goal of
shutting them down and muting them and suspending them so
i can tell you stories man the headwinds that we go through is just absolutely insane
what are some of the problems you run into as far as just trying to market crypto into different platforms?
Well, like I said, usually it's, you know, muting it, suspending it or whatever.
I think the hardest part, though, is for us, it's just we don't have the manpower to be
so aggressive on some of the socials like others are.
There's an opportunity on TikTok to reach an entire different demographic than what most people probably perceive as the average light coiner.
Most people talk about boomers and whatever else.
But TikTok, Instagram, you have accounts, but it's like, who's going to man them?
Because everything is usually volunteer or very, very, very, very low pay to do it. Instagram you know you have accounts but it's like who's going to man them because everything
is usually volunteer or very very very very low pay to do it so it's got to be diehards that have
the time first of all and the creativity and the reliability you know the trustworthiness to be
able to handle an account that has Litecoin tied to it so to be honest I don't like TikTok when it comes to crypto content.
It's really not good, unless in Asia.
Yeah, it's very, very huge there.
Yeah, and to be honest with you, I wouldn't even be on X, to be honest with you,
if it wasn't for crypto.
I even hate LinkedIn. Like, I wouldn't be be on X to be honest with you if it wasn't for for crypto I even hate like LinkedIn
like I wouldn't be on anything but I know it's necessary right I don't know what it is with
LinkedIn but literally like I will like somebody's thing or repost it or whatever. And I start getting all kinds of spam emails
to the email account that's tied to it
and like all kinds of stuff.
And it just drives me nuts.
So I can only imagine if someone,
like if you're on your phone and you look
and you have four different social media apps,
you probably should consider consolidating.
Like I just took,
I literally just took X off my phone because it was so hard to not pick up my
phone and just see what was going on with the light twin handle or my own
handle or whatever. And, you know, just be a part of real life again.
It was amazing. So i would recommend like if you
have three or four or five different social media handles or apps or whatever pick your favorite one
or two and just maybe stick to those or something and figure out how to be a part of regular life
again because it's amazing what's out there. And the amount of hate and vitriol
and all the things, people misleading you on stuff all the time. It's crazy to be able to have that
everybody touch that touch grass moment or whatever. It's very real. So it's hard for a lot
of us at the foundation who are probably more seasoned, I guess is the best way to put it, right?
We're all over 30.
A lot of us are probably over 40.
But we're very supporters of Litecoin and have the ability to put maybe some extra time into it that others wouldn't be able to.
We do have some great people that are younger too
that are getting involved.
We just need to find how to get them more involved
in spreading the word.
Yeah, I just feel like every like every social media that it feels like they don't want crypto
to be on their platform for whatever reason do you think that they i don't get why this is such
a problem with all the social medias that crypto is such a problem and the talking point for crypto
just is like a turnoff to all their audience. I don't get it.
I think what it is is I'm also so biased that I enjoy crypto stuff,
so I don't see the big issue.
But do you think that the general populace just sees a major issue with crypto?
Yeah.
Or do you think that it's such a threat to the financial game
that they're paying these media companies to keep crypto away from it i i
don't know what it is yes and yes both yeah i think there's a turnoff and i definitely don't
think the last year helped um at all either but there's definitely a turnoff and you can definitely
attribute that to you know mainstream media outlets and others.
I mean, even the ones that support it, you'll see them flip-flop back and forth.
You know, news channels and stuff too.
I was, you know, I was in a meeting the end of the last year with TikTok team,
especially in Middle East.
So they still actually think that crypto is a scam.
That's why. And they even told me that they want to build specific rules to the accounts that they will,
if you're like an influencer and you will have a live and you will share like charts or content about crypto,
you need to follow specific rules so they cannot ban your account.
So they still think that crypto is a scam, you know?
Yeah, I believe it.
Well, I mean, if we're honest with ourselves,
like how much of the space in general is grifting? I mean, if we're really honest with ourselves like how much of the space in general is grifting I mean if
we're really honest with ourselves how much of it is really like not practical
like there's really not an application for it where it long term could survive
or have a real purpose behind it right and i know they joke about like
beanie babies and tulips and all the other things that may have been fads or whatever i mean at
least tulips exist on their own they didn't need us to create them and push them or whatever
they're beautiful just the way they are um but i mean, like, like, when you take Beanie Babies, they had to
create all these different Beanie Babies and make them special
and unique in marketing, because in reality, there was nothing
special or unique about any of them.
Right.
But it worked.
And if people buying hundreds of these things and having huge collections
of them and beyond sitting on a shelf what did they actually do you could trade them and you
could make money off of them for a time and then that time goes away and unfortunately like when
you look at it and i i hate even saying the word crypto because most of them just really technically by the definition of what a cryptocurrency is, they're not crypto.
But if you were to look at them and actually look at the stuff you're investing in, trading is different, I guess, you know what I mean?
But I don't trade either.
But if you were to look at trading, you could trade pretty much anything.
Like I love sports cards, man. I've been doing sports cards since I was like eight years old.
Some people tell you it's stupid. It's just cardboard with pictures on it.
It's worthless. It's only worth the cardboard that's on it.
And I mean, and essentially you're right. Right.
It's just cardboard with a picture of some ballplayers or whatever on it.
But there is an actual market that's been there for, what, 75 years now, and it's established.
And you can say there's a real market for it.
What purpose does it serve other than joy?
That's about it, right?
It's joy.
People collect.
collect but you do have the traders too but if you were to look at crypto and the phase that we're in
But you do have the traders, too.
now and you know people talk about that dot-com era that happened um the boom and the bust in 2000
um there was an application for all those but you're you had a lot of companies
in san francisco in Silicon Valley,
like literally you could just start a company,
tell somebody you're solving this problem,
not really have a game plan,
not really technically solving anything.
And you had VCs just throwing money at you,
millions of dollars.
And whether you succeeded or not, it was almost irrelevant.
It was just this crazy phase that everybody was going through.
And then the ones that actually found their place and were able to be applicable and people found use in them and they grew, those are still around.
The rest of them, gone.
And the same thing is going to happen in crypto.
We're going to have that dot-com moment and maybe we're going through it right
now we're just not realizing it or some people have but you cannot you cannot literally have
15 million cryptocurrencies or digital assets or whatever we want to call them and expect all of
them or even probably more than five percent to actually survive long term so if you're going to
play around with stuff and you're going to trade
and you're going to have fun with it,
that's great.
But boy, you better have a pocket
of some of those things
that you firmly believe
are going to make it through the other end
and be adopted by most people.
So as much fun as people make
of like Dogecoin or Litecoin
or anything else that might,
you know, doesn't have the shine to it right now or it doesn't fit the current narrative or whatever.
Just understand there's a time and a place for it.
And once you're done playing around in the sandbox and all the toys are taken away and it's time to go home, you're going home to something.
and as well make it worth your time to have a pocket of each of those
those cryptos that have stood the test of time already and there's an actual applicability to
them and a reason for them existing yes what do you think like the new chains that came in after
litecoin and stole some of the shine you know you got new chains that came in after light coin and stole some of the shine
you know you got like solana came in after what do you think of these type of coins
no i don't think of solana as a coin really i think it's um it's a
it's uh it's really sort of like, looking at it like a company, it's like a Swiss army knife of
different things that are happening in the space.
Litecoin is very focused on a specific thing.
And it hasn't really steered away from that.
It's always gonna be about payments
and it's always gonna be about store value.
And it's always gonna be about the individual sovereign right
to hold value in something that's outside
of a third party's control.
And that's literally like coin in a nutshell
and it's not gonna change.
And with Solana, I think there's been some growing pains
that it's
gone through. I mean, I think there's some argument that you could say like Solana's
best opportunities are still in front of it if it concentrates on like one or two specific things and makes that, you know, makes that the focus, right?
So like stable coins and probably the infrastructure that's used for trading and for some other
stuff.
And I think that's probably where it excels.
They talk, you know, I mean, I know they're talking about like cheap payments, fast payments
and stuff like that.
And, you know, maybe it's doing it on a grand scale, but it's facilitating it.
It's not, it's never going to be looked at as the payment, right?
Like Solana as the payment.
It's going to be more like what facilitates like a whole spectrum of payment opportunities and stuff.
opportunities and stuff. And so I think, you know, I garnered a lot of attention to, you
know, main coins and some other stuff. And I mean, I'm not against businesses and venture
capitalists and, you know, angel investors and stuff, investing in things that are maybe
more centralized. We need centralized stuff too. So, but I think there's, there's an issue
when you have a definition of something like a cryptocurrency, and then you try and call
something that's not technically a cryptocurrency, a cryptocurrency. Go look up the definition,
like void of anything I'm telling you, just go look up what is the definition of a cryptocurrency. And without any bias and without any emotional tie to whatever you've invested in or whatever else, you tell me if you think Solana or some others, I'm not going to name them or whatever, but like if those are real, like those are cryptocurrencies.
Or if they're just maybe digital assets or ledgers or things that do something.
So, I mean, I think there's a future for it.
I don't know where they end up hanging their hat specifically, right, and becoming most successful at it.
right and becoming most successful at it um but at some point it's going to have to be more than
just being in etfs and you know stuff like that and i think you know maybe that's a goal to have
so that you know there's you're showing relevance by having one of those or a few of those or
whatever but at the end of the day um i mean it's going to have to do more and it's going to have to continue because of the route that it takes.
It's not going to be sound money that's focused only on that or whatever.
Lycun's going to excel at that because it's already been doing that.
But for Solana, whatever it's going to do, it's going to have to excel at it and concentrate on that one or two things that are really core to its existence. Otherwise, you know, you're going to have other things that end up
overtaking it over time. Because whatever the status quo is now, it doesn't mean that's what
it's going to be in five years from now.
Hi, David. What's up, Alex? How are you doing? I'm Dot. I'm like a way, way back like books,
Light Corner 2017. And I was just remembering around the time when you guys were like, of course, like the Bitcoin, Ethereum, and then there was always Litecoin.
It was like the three brothers.
And each and every time you would go to CoinMarketCap, there was kind of like this effort. I do remember because it was like a
sleight of hand to kind of like quash the momentum of Litecoin. And I remember that. And I took very
good note of that. And I was wondering, what do you guys have? Like there's still Bitcoin is still
here. There's still Ethereum. Like, what do you guys have that other coins do not have at this measure of the game?
Thank you so much.
Thank you, Alex.
And thank you, folks.
Yeah, I think it's going to get to the point where it's not so much what you have that others may not.
I mean, those are good differentiators, but you could also differentiate by how well it does it and how many are using it for that purpose.
So Litecoin does extremely well in those regards.
It's always one of the most active, most used cryptocurrencies, not traded.
There's a big difference.
And so I think that's a differentiator by itself.
I mean, even if you look at the most successful ones that you can think of
that have been around for a long time
so think about Dogecoin, think about Bitcoin Cash
think about Dash
I mean even Zcash has been around since at least I think 2019
you know there's others
that do something very similar to what Litecoin does, including Bitcoin.
But outside of Bitcoin, you could take all of those and add them all up, their transactions per day or their active addresses per day.
And they did probably come to about half of what Litecoin does on its own.
So that's what it does extremely well and how it sort of stands out, but that's
all from a utility standpoint. And unfortunately, most of us are living in a, like in a trading
sort of purview, right? So if it's not in the top 10 in market cap, or if it's not
being shown as one of the most actively traded which is still has a very large
amount of volume per day but it's not you know it's definitely not in the in the top 10 for
for that anymore at this point it's probably somewhere in 10 to 15 range if you take out stable coins it's probably in the top 10. but differentiating wise
it's just it's just proven that this is what it does extremely well is to transfer value
and to do it safe to do it fast and to do it cheap but i think when we this layer two gets built out
and you're able to do a lot of the things that when we, when this layer two gets built out and you're
able to do a lot of the things that all these other chains are claiming they do, and they do do
on a daily basis, I think that'll maybe hopefully cut into some of their market share too, just as
they've kind of taken out some of Litecoin's market share to be able to do the same thing
back again. And then someone's able to build a stablecoin on Litecoin or someone's able to do smart contracts where it's settled in Litecoin,
you know, stuff like that, where it is looked at like a digital silver,
when it's looked at like something where there's payments involved.
I think that's something that you all should watch over the next 12 to 24 months is how lit vm does how
successful it becomes i know i talk to the co-founders all the time on there as an advisor
and um like literally they're still in testnet and they've got like a few hundred um projects
that have applied to build on top of it.
So there's definitely interest there,
but they're very careful on who they, you know,
provide funding to if there's any additional funding that they can do to help
support a project.
Because there's a strong desire from their end to adhere to the qualities and
the ideologies of what Charlie
built. And so that's the reason why I support it is because they're trying to keep the same
type of perspective that Charlie has on it with how they build it out. So I would keep an eye on
that because when you're talking about applicability and real utility, you know, RWAs and all kinds of different stuff like that, that's definitely what they're shooting for.
And be able to, you know, build things on top of it that institutions can use, too.
Okay, thank you so much.
I appreciate that.
And I just wanted to say that Litecoin has always stayed true to itself.
You guys didn't bend when everyone else was bending. You guys, like, really stayed true to itself. You guys didn't bend when everyone else was bending.
You guys like really stayed true to yourself.
And so I noticed that.
And even today you're sounding just like the OG Litecoin that we've come to love.
And that speaks a lot to people like us.
I appreciate it.
Yeah, that's the reality of it.
And I'm glad that people see that.
And we just hope that over time people understand
and know that we have their best interests at heart.
There's no rug pulling going on.
There's no, what's it, exit, right?
Like a regular company or anything.
Like even some of your favorite projects
probably have founders
that are going to be exiting at some point.
So there's no exit strategy for us or Litecoin because there's no need for one. It's just
all gas and no brakes with no end in sight. So thank you.
What's going on CK Cardano?
What's up, Alex? Bro, thank you so much.
Every time you open your mouth or books or something,
there's just a pop of energy and a pop of light.
It is so fucking important that the people that are advocating
and creating value know how to light this dish up, yo.
There's a reason why you got those hot young ladies at the new club
that you're launching in Los Angeles because you want people around.
So here's the thing, guys. They need an action plan. Shout out to you, Dave. Shout out to the
Litecoin account. Litecoin can be what no other asset can be. One, Operation Litecoin Liberty.
Get four Litecoin, move them off the centralized exchange. Why would you do that? For every one
Bitcoin, there are four Litecoin. If we move more of the supply
into self-custody wallets, we force honestly on the spot price. As Dot was saying, Litecoin is
manipulated because it was the stablecoin before stablecoins existed. So I mean, and then looking
at the charts, setting objectives, we know if we get Litecoin over $140, we enter escape velocity. We enter into price
discovery, which sets us up for 420, which is mimetic, right? You want to get the right people.
Shout out to Dave. Sorry for rolling him out of the room, but God damn it, man. As someone who
believes in it, knows there's an action plan. That's why it's failing because you got Dave.
I want him to win. And every time I roll through a fucking room,
my heart dies and I'm sitting here wanting to fucking lift light point my damn self,
knowing that there's fucking moves we can make. So shout out to Alex. Sorry for, you know,
you know, sorry, Dave. But again, like, right. Like if you're going to wait, wait,
light coin messaged me saying that he had to go because of, um um he had a personal thing and it had nothing to do
with he wanted to make sure it was nothing you were saying just so we're clear didn't mean to
you cardano thank you alec and i appreciate it bro and thank you very much for the stage and yo
the clawed bots are coming guys my boy zuckerberg apparently he bought my lobster friends but they
are here so any fucking lobster folks that want want to start repping real meat people that are making
real shit happen, check out at S H I L L L I N. That's three L's in the shilling. You know,
you found Alex, that's three L's in the shilling. We got books or books. You rather that's at
B O O K S E Y. That's just for the lobster folks. But yeah, like as you know bro like for real like I'm
listening to my boy Dave talk and it's like amen and I'm right there with him you know but then
like literally like you just open your fucking mouth and you just ask a question and there's
just a level there's an energy level and this is just like with love like we want to get this this
ship off the ground so like getting the right people at the party does matter. And we've got
to be the lions that lead the lambs. We can't just say Litecoin's been around forever, so it's good.
And it's like, yes, there's gold in there. Like for instance, like Dot said, what does Litecoin
have that Solana doesn't have? A hard cap supply right there. Like right there, that's a, you could,
right? If we're trying to escape infinite fiat inflation,
miss me with your infinite supply chain.
Ethereum, no supply limit.
Doge, no supply limit.
Monero, no supply, et cetera.
Now again, Monero's UTXO based.
So what is an opportunity for Litecoin to start building?
Man, you start saying, yo, UTXO based Monero,
do you want to access smart contracts?
Well, dope.
Guess what else has a UTXO basis? Lite. Do you want to access smart contracts? Well, dope. Guess what else has a
UTXO basis? Litecoin that's building LitVM. So there's all these cool technology-based
interoperability on the UTXO side. But also when you think that you can make your Litecoin
anything, whereas like Caspa, shout out to Caspa. It's got a hard cap supply, UTXO basis.
But what doesn't it have
the first definition of a currency a currency is defined by three things as most of us know
one a mutually agreed upon medium of exchange two a store of value and three a unit of account
that first one that mutual agreement is the hardest thing that's what any new blockchain
that launches today in this environment that is so tough to climb because of market saturation. Whereas when Litecoin was
launched all those years ago, bro, it was like Bitcoin and Litecoin. So the breadth of the
distribution is very, very, very, very different. And if you are talking about like decoupling money from state, fulfilling what Satoshi Nakamoto wanted to deliver on, it's not going to be on a chain like Solana.
Bro, I used to work for a guy that funds Solana, one of the big bags.
And he's a great guy.
He actually doesn't even really give a shit about Solana.
You know, he's just got the money.
He sees the opportunity and great.
But those folks are part of the old power structure, the fiat system. So to kind of land the plane and not take up too much of the whatever,
but yeah, man, shout out to Litecoin. And when I saw your room having Litecoin and just, I was
happy because you are out here with the community, with the culture, making it happen.
And I think he can create that opportunity for Litecoin to begin
to create that niche. But, you know, I mean, shout out to my boy, Dave, but Dave, we need
folks to have like that, that, right? They need an action plan, you know, so Operation Litecoin
Liberty. Why would you do that? Again, for every one Bitcoin, there are four Litecoins.
And the more, one of the ways that like, like,
for instance, guys, Bitcoin is being manipulated heavily by Michael Saylor. We've heard him brag,
like I can borrow a billion dollars at effectively 0% interest. How do you do that? Well, bro,
you borrow a billion dollars at 3%. You top blast Bitcoin at 126k in the summer, then you get on the
phone with your Bitfinex Rolodex and Alan
Beck and the rest and the other suits at Grayscale and BlackRock and whatnot. And you go, guys,
I have tax loss harvesting I need to do. I've been top blasting Bitcoin all year. My cost base is
around $120,000 for the year. So now we also know the president is colluding using Solana to specifically extract decentralized freedom liquidity.
It is not a coincidence that in February, the president of the United States and his wife sucked out a lot of our dry powder.
Then the president of Argentina, then they threw it over to my boy CZ, and then he got a pardon a few days later.
But what did that do?
Then Bitcoin became a discount
after Solana was used to extract our dry powder. Because think about this, guys. They're going to
print a shitload of dollars. Bitcoin and cryptocurrency, our space is going to fly.
Make no mistake. Who can afford a house in America? It's at an all-time high,
and yet everyone's getting laid off. No one can afford houses, so we're going to
get a massive correction in housing. Traditional equities, if you're US-based, we are a consumer-based
economy. We don't make shit, but in order for people to buy things and consume like Lululemon
and Netflix subscriptions and the newest Apple product, we need people with jobs, and they don't
have that. What that means is traditional equities. If you're looking to make
money, you're going to have a piper to pay. You're going to see a big correction, not only in housing,
but likely in the traditional equities. But what do we have sharpening up here? The Clarity Act,
bro, that is going to, the Clarity Act is going to get the lawyers, the legislation and whatnot,
right? So that large trillion dollar capital flows can start coming into the Bitcoin space and and all this shit.
Right now, again, Solana, Ethereum, XRP, for instance, like I've got friends that build on all these chains.
You know, I'm about let's empower the people like let's empower our friends and then teach them how they can keep their money and not be like ammo for evil.
You know, like we're like like Litecoin, Litecoin to me,
that's where I've been locking my meme profit. You know, if I get, if I get a high flyer,
you know, if I get a 30 X on a meme bet, I'm going to roll 10% of that profit into my life.
And as you were pointing out, Shillin, if you look at that Litecoin chart, bro,
Litecoin damn near doesn't exist below $50. That's like the diamond floor of Litecoin.
And then when you think, and shout out to David talking about Charlie Lee when he sold.
Think about this, right?
We just saw Zcash have a righteous run.
How did that happen, right?
Without spoiling too much special sauce here, you've got about 100 people that know what
time it is and go, all right, we're not going to sell because we all know the spot price is simply the last executed buy and sell order. So in something like Zcash,
where there's 21 million units, what did we just see? The Winklevite twins are going heavy.
Okay. And they're reducing friction to on and off ramp with other Gemini exchange. And so, so the way that Zcash was able
to cook though, is that small group of insiders was able to go, cool, we are going to work in
unity. We are not going to sell units of Zcash. Maybe there was some establishment of relationships
with Gemini and whatnot, which is free market, you know, not, not suggesting anything nefarious,
but I'm trying to say, how did Zcash get to cooking?
How did they get that righteous candle? And we and we know candles, green candles are the best marketing.
Nothing reaches across blockchains like going to CoinMarketCap or wherever you look at your charts and seeing who's up 30 percent on the day, you know. And so when we realized that Charlie Lee selling broke through a lot of the impetus, the point for even having a cabal.
So what was maybe a bug became a serious feature.
Because here's the thing.
If you say, OK, CK, great.
You're telling me there's 84 million Litecoin, 21 million Bitcoin.
Well, there's 21 million Zcash.
That's $500. Why don't
we all do that? Well, I go, okay, because we can't break the cabal. Because if we do,
if we get the whole world going, operations, Zcash. Well, at the end of the day, there is a
cabal of about 100 people that we'll be able to sell on our heads. I think that we're better than
Michael Saylor. So let me land the plan on that. Right? Like how did Michael Saylor get a 0%? Right? He top
blasts on purpose guys. And when you see what happened, right? Like, so cryptocurrencies are
exempt from what's called the wash sale rule. So if I bought one Bitcoin at 126 K in, in the summer
and then sold it in Q4 November, December, when suspiciously all of these folks
with big bags, including Michael Saylor alone, has more than 750,000 Bitcoin by himself.
And he's on the phone with all these folks.
And a lot of these other folks want a tax write-off too.
So what are you going to do if you and the rest of your suits have a shitload of Bitcoin
and you're looking for a tax write off?
You go, OK, guys, ready. We're going to roll this down and we sell it and rebuy it again.
Because, again, Bitcoin does not have the same wash sale rule that traditional equities have.
So if you wanted to borrow a billion dollars at effectively zero percent in interest, you would borrow a billion dollars at three to four percent.
You would borrow a billion dollars at three to four percent. You buy Bitcoin at one hundred twenty six K.
You buy Bitcoin at one hundred twenty six K.
You would collude the price. Go down to about what, seventy five thousand November, December.
You you sell and then you rebuy. What did you do when you sold for every unit that you bought at that hundred twenty plus thousand?
Right. That forty thousand dollar difference. That's your tax write off, baby.
And that services your four percent loan on the billion dollars.
And that's why, like Bitcoin, at the end of the day, it's beautiful. It's not lost,
but there's a lot more institutional level influence. And I guarantee you, Satoshi Nakamoto
did not create Bitcoin so that Michael Saylor could have access to privileged instruments of
Wall Street. And so when we look at, wow, what can Litecoin be? That's a native arbitrage instrument as well. Because again, nothing can stop someone
that owns Bitcoin or Litecoin and self-custody from moving it to any other wallet. So I guess
to kind of land the plan on this ramble, and thank you again, Alex. I do appreciate just the time and
the mic and the vibes. And shout out to Dot and Hadir and Ruslan, everyone, and STM and Nikki,
and just folks for rolling through.
And support, I don't know what the name of this,
I see Alex, I see you out here every day, bro.
So I just see you're like the little creepy face
with the X behind it.
Like I just, but I see you here every day.
So shout out to you and your community.
But yeah, for Litecoin, bro,
I would say they need action plans.
They need to get like Operation Litecoin Liberty, buy four Litecoin, move it into self-custody. And like I say,
because that's one unit of honesty. One unit of honesty in Bitcoin is 70 grand, right? If you and
your friends were like, yo, let's fight back against Michael Saylor, because here's the other
thing, right? Who are the custodians, right? So I won't get into this because Michael Saylor does a lot of work to keep a lot of the shit under wraps. But let me say, shout out to
Jack Maulers of 21 Capital, ticker as XXI. If I was looking for the next MSTR play outside of
pure exposure to Bitcoin, I really like that 21 Capital is committing to proof of reserves.
They will say, hey, here's our addresses. This is our Bitcoin.
Because then if he was, you know,
playing these wash sale tax loss harvesting games,
Jack Maulers would have to own that, you know?
And so that's some of the reasons why
maybe Michael Saylor doesn't want to be as forthcoming
about what are the addresses that hold the Bitcoin he has.
And then furthermore, and here's where it gets a little bit,
you know, closer to the root of the problem,
his relationship with the custodians.
And all of this, I will preface this with saying that this is legal as of yet.
But recently, they changed what was there was a 48 hour settlement time for Wall Street.
Right. So let's say I'm BlackRock and I want to buy some Bitcoin.
Right. And I say I'm going to half a billion dollars by Bitcoin.
say, I'm going to half a billion dollars buy Bitcoin with it, right? Well, on my BlackRock
books, about a year ago, I would have 48 hours to make my books honest, to actually balance them.
So I could commit $500 million worth of capital, buy Bitcoin. So now I've got, I had 500 million
go out. I got a bunch of Bitcoin coming in, but thanks to the reporting rules on Wall Street,
I had 48 hours before I had to be honest. Now, everyone in this room knows that 48 hours might as well be forever in blockchain.
You know, when you're dealing with Solana and if you're just, you know, there's so many moves.
So if you're starting to look at like how what did FDX do right with their dashboard updates?
I would log into like anyone right would log into FDX, right?
And say, oh, I want $10,000 worth of Bitcoin FTX. And what would they do? They'd say, okay, CK, boop.
And my dashboard would update saying I've got Bitcoin, but then what did they do with my $10,000?
They went and pumped their FTT token. So this is what I'm getting at in the settlement times,
right? What if I'm working for Wall Street and I am their custodian of record at Coinbase and I have 24 hours because they moved it from the 48 hour rule to 24 hours.
So when you think about the legal ambiguity and float that has been introduced.
So now enter over to Coinbase. Let's say I'm Michael Sander. I go, hi, Brian, I'd like to buy a billion dollars worth of Bitcoin by Friday.
saying, I go, hi, Brian, I'd like to buy a billion dollars worth of Bitcoin by Friday.
Right. By just saying that and hanging up the phone, I have ambiguity of seven days of capital
expenditure. Furthermore, right. So so I think that's picking up what I'm putting down there
is basically, let's say you're acquainted. So you're a centralized exchange. Right. And,
you know, retail is moving 40,000 Bitcoin a day. right? That means, you know, you better well have at least 40,000 Bitcoin liquid
because your retail might want to pull it into self-custody.
And if you don't have it,
you have a very uncomfortable conversation to have.
But if you're sitting on a million Bitcoin,
well, shit, you've got a lot of flow, bro.
And so that's where you can do what FTX was doing.
That's the dashboard updates.
And when you have 24 hours and Coinbase, it doesn't even have the same settlement rule. So
I'll just leave that there. But so when a centralized exchange knows that they're good for
it, it allows decoupling from the spot price performance is really what I'm building to
is that if we know the stock price of any asset is
the last executed buy and sell order on the open market, and then we have AOTC shenanigans, and
then we have large orders from centralized or from like Wall Street players that reach out to their
custodians saying, I'm telling you, you have a billion dollar bid over the next seven days.
I'm telling you, you have a billion dollar bid over the next seven days. And so if someone now
FTX and Sam Bankman freed, that was whole cloth, just update the dashboard, basically steal your
money to service other debts. What Coinbase or any centralized exchange might be doing,
you know, is looking for an advantageous way to accumulate and service that billion dollar buy for
your Wall Street custodian.
And so when you know that you've got a lot of float, you can begin to decouple the spot.
Because how many times have we seen where the trenches seem really excited, but damn,
or we hear a billion dollars bid on Bitcoin, a billion dollars bid on Bitcoin,
but the spot price isn't moving. A lot of this has to do with those 48-hour settlement times, 24-hour settlement times, those windows of acquisition that build in, as we know, when minute by minute matters. Five minutes is an eternity in blockchain. are using the instruments that they have. They're using privileged float, essentially,
that you get at centralized exchanges
and the settlement rule times
to be able to create very, very favorable prices
for these more centralized players
to acquire more Bitcoin.
Because we're also seeing a lot more Bitcoin
is going to institutions instead of retail. So enter Operation Litecoin Liberty, back to like, what is, why is Litecoin uniquely
positioned? Well, one, it's got a hard cap supply. So unlike Ethereum or Solana, you, to the extent
that you participate in the network, is your participation in the network. Like people to
talk about, like, like, for instance, let's say I said, I have a thousand Solana.. Well, even if we you tell me, oh, Solana is going to swallow 12 percent of the global
economy in 10 years. I actually think Solana likely dies a chain bloat in less than five years.
There's really two ways forward. It either gets acquired by a centralized exchange or
entity like Apple or whatever, or it just succumbs because just the cost,
the monolithic chamber, it's 650 terabytes to hold a copy of the ledger,
whereas Litecoin's still about 100 gigabytes.
So think about that.
Think about that if you're like freedom and liberty.
If you wanted to send someone a copy
of the Solana ledger, your friend has to have 650 terabytes.
Most homes don't have that.
Like no, most people don't have that.
Whereas 100 gigabytes, 100%. So when you know that Litecoin has this 84 million unit supply, right, or 21 million units of Bitcoin, one of the powers of a hard cap supply, particularly in finance and whatnot, is like, if you say, hey, I own one Bitcoin and Bitcoin swallowed 10% of global value. Well, then bet. Tell me what 10% of global value is,
and I will tell you exactly how valuable your one Bitcoin is.
Whereas in an Ethereum or a Solana,
where there's a printer in the system,
there's no actual limit.
You can't actually forward model
how much value you're actually going to retain.
There are just so many stacks
and layers of value
proposition to Litecoin that are just totally not being advocated for. And again, not to really
throw shade at anyone. And again, shout out to you, David. But again, it is important that people
get excited and that people have moves that they can make. If they go, okay, bet, I believe in Bitcoin or Litecoin.
How do I help make it more honest?
And for folks that were following what I was talking about
with Michael Saylor and the float and the FTX dashboard updates,
that's what I mean by a unit of honesty.
Because a Bitcoin that's in Dot's wallet or Alex's wallet
or Ruslan's wallet is one Bitcoin that Michael Saylor
or Brian Armstrong
can't manipulate. That can't be used in settlement float games. And the thing is, the people with
Litecoin, the average person actually does have $400, which is the equivalent of being like a
whole coiner in Bitcoin terms if you're looking at proportion of supply of the network. And so when we look at it that way, it costs $400 for a unit of honesty
in the Litecoin network. And if people really did start doing this and going back, I'll follow
operation Litecoin Liberty. And they pulled four Litecoin from Coinbase and put it on a Trezor or
a Nexus wallet or a cake wallet, whatever it is. But the goal is just move it into self custody.
And then if at the same time they go, oh, shit.
And we've got our eyes on the 140 level, because if you look at that chart all the way back,
that 140, bro, that is when when if you're going to look at people manipulating the price,
price, that is where they've been holding it. If we can push Litecoin over 140, we clear 140
that is where they've been they've been holding it.
to 420 way faster than people expect. I think if we really dial this in right and we get people
understanding, oh shit, bet, Operation Litecoin Liberty. It's about making the spot prices more
honest. And then what ends up happening is then we get this we because think about this bro there are likely less than like 10 000 people that actually own one light coin i'm sorry bitcoin
because when you think about it like how much does michael saylor own right 750 000 how much
is black rock having the books fucking a million right satoshi shout out to him a million and and
when you start looking at these players the old mining networks there's a lot of people that have either the, you know, those crazy bags like Sailor and the Institutions.
But then you've got that, those middling Bitcoiners that were early that have maybe a couple hundred, a couple thousand.
And every one of those single players that has a couple hundred or a couple thousand is that many more individuals that can't have one Bitcoin. Whereas with Litecoin right now, the distribution is still
fluid. The flow is still there that you don't have any of these wild concentrations, which again,
when you look at tax loss harvesting, the Bitcoin price will be subject to that tax loss harvesting
forever. And so that's one of those ways in which we can use something like Litecoin to arbitrage
against.
So when Bitcoin's doing well, maybe take some of that value into the Litecoin layer.
And then when Bitcoin's at a discount, maybe move some back from the Litecoin layer into
the Bitcoin layer.
So there's just so many models like this that can help people understand what is Litecoin?
What are its unique advantages?
And so for me, if I was going to say, what's the number one thing I would do?
I would say, get Operation Litecoin Liberty Cook and get people buying for Litecoin.
Because even if they don't understand what they're doing, they're helping make the spot price more honest.
They're helping make it harder to manipulate. And that's the unfortunate thing is if we wanted to make Bitcoin spot price more honest. They're helping make it harder to manipulate.
And that's the unfortunate thing is if we wanted to make Bitcoin's price more honest,
bro, right?
How many of us have 70 grand to do our part?
Pull a Bitcoin off in exchange, right?
Odds are most of us don't have that.
But I guarantee you a lot of us could pull one Litecoin off or four Litecoin, you know?
And then what we do is we create a globally
distributed network that has more buy into the asset than they have with Bitcoin. Because that's
it. There aren't that many whole coiners in Bitcoin. And that's that to me is the great
tragedy in the Bitcoin toxic maximalist rooms is they are doing a disservice to the intention of
what Satoshi Nakamoto was doing. Satoshi Nakamoto was trying to free the dudes
and the ladies at the fryer,
the people that are looking to turn $500 in freedom.
And when you've got these Bitcoin maximums,
someone was saying, bro,
take your $300 at the end of every month
and just DCA it into one of Michael Saylor's
Wall Street, whatever.
It's like, bro, do you understand
that you are his revenue to pay
all of his fiat industrial complex and whatnot?
So yeah, man, I'll land a plane on this.
I think if we did an operation Litecoin Liberty and we got that distributed Litecoin set, that also creates a distributed global community that will share in the excitement when it rises, right?
We got to think about this all the way through.
got to think about this all the way through like what are we doing we're decoupling money from
What are we doing?
We're decoupling money from state.
state so if the first thing we could do is get you know a hundred thousand people around the world
with four and think about that think about what that does to the spot press it is very accessible
it is not crazy expensive to buy four light coin so what happens if that idea does go viral it
starts to get expensive motherfuckers but then what are we doing it's i've been calling it it's
the game that can't be stopped i'll land land the point on that, guys. These fucking suits
can't compete with us, right? What happened when we started the GameStop, right? What happened was
we're like, hey, you motherfucking suits are creating an argument. For folks that don't know
what happened with GameStop, they were shorting it. What it looks like is this. Let's say that GameStop's trading at $30, but I think its fair value is $20. I borrow a million shares at $30 and I sell them,
which adds sale pressure, right? Which helps fulfill my prophecy that its price is going to
go lower. But now what I've done is I am now obligated to buy a million shares. It doesn't
a million shares.
It doesn't matter what the price is
matter what the price is because I believe it's going to be cheaper, which is why I'm going short.
because I believe it's going to be cheaper,
which is why I'm going short.
So you borrow the million shares of GameStop
at 30,
and then you expect to buy them again at 20
and make good.
And then you make that $10 difference.
Well, what happened was
a lot of assholes in suits on Wall Street
were attacking GameStop
really unfairly.
And we can go into all kinds of shit.
But what ended up happening, guys,
they pushed it into what has become known
as deep fucking value,
where you looked at the book value
of what GameStop was,
which is what is the value
in all the GameStop buildings,
all the games in those buildings,
all the PlayStations and Xboxes and whatnot.
And then they realized, oh shit,
GameStop right now is trading
at a discount to its book value. And so a roaring kitty got out here and started a movement where
people said, hey, if we all start buying GameStop right now, we trap these fucking suits into a
righteous fucking short squeeze where they have to buy the million shares. But instead of buying it
cheaper, they're going to have to buy it more expensive.
And so what ended up happening
is the free people of the world
started running GameStop up.
And what did they ultimately have to do?
They had to go to the fucking brokerages.
The suits had to call their buddies and say,
we can't compete in a fair market.
Please stop.
Please stop.
And they pulled the fucking circuit breakers.
They made it so that the people couldn't keep buying GameStop and they pulled the fucking circuit breakers they made it so that
that so that the people couldn't keep buying game stop and they say the suits and then a couple
years later it happened again with dogecoin the people started rallying around dogecoin
what ended up happening they fucking said uh lawyer letters to robin hood platform because
people were using robin hood to buy doge. So when the people start taking the power, the powers that be freak out and they fucking whatever.
Whereas with Litecoin, guys, Litecoin is the game that can't be stopped.
There is no circuit breaker that can be pulled because, again, think about that.
For 14 years, Litecoin is in everything.
Every Bitcoin ATM that ever existed, what did it have in it? Pretty much Bitcoin, Litecoin is in everything. Every Bitcoin ATM that ever existed,
what did it have in it?
Pretty much Bitcoin, Litecoin, and Ethereum.
There is so much value in the distribution
of what the Litecoin network is.
So yeah, guys, I'll land the plane there.
There's a lot of potential in Litecoin.
Litecoin literally can be what none of these others can be.
I think it's going to be the capital, the decentralized freedom liquidity and freedom
capital of the people. That Operation Litecoin Liberty creates a flash network of people with
buy-in that are in on it. Like the GameStop crowd, the Dogecoin crowd. And then you have
this network of people that have the four Litecoin. then they know whoa we need to push this bitch to 140 because once we cross 140 we the price gets gets wild and then the community
sets their eyes on 420 as a target which is beautiful for me marie and then from 420 bro
a thousand dollars because that that to me is the macro play in the next like eight like 12 to 18
months um and again i think we could clear that easily.
But that is so in fucking play
by linking together these things.
Give people an action plan.
Help them understand that there are things.
And when you talk about privacy,
the supply limit, the shared UTXO basis,
there's just so much value.
And there really is a golden thread for freedom
for delivering on what Satoshi Nakamoto
was really, really trying to bring to the people. And so I'm excited about that.
And yeah, Alex, thank you so much, man, for the time for the mic. I'm going to shoot you a follow.
And yeah, shout out to Dot, shout out to Ruslan, shout out to Booksy,
shout out to Peter Gibbons, depends on how I see you down there, bro. And yeah, man,
thank you for the mic and the time. And yeah guys please please join operation lightcoin liberty buy for lightcoin
move it off the new exchange and stand by because we're gonna moon this bitch lightcoin is the
game that can't be stopped
ck are you real?
Are you a real person?
CK is like a B-22 bomber.
He came in for...
He got mid-air refueling, Alex.
Well, he must have been trying to land to Dubai right now.
He came back and tried to land the plane.
He went to, I'm going to land this plane
and then circled around,
tried to land it again.
I mean, we kept on running interruptions
when he was trying to go in for the plane landing.
Oh, he left?
Oh, rough. That was... But in the meantime
we're here let's go
we're starting it off
it's me You guys, that was amazing.
We needed the light.
We had light point here.
You have to agree, though.
We haven't heard anybody speak in spaces on Lightcoin for a really long time.
Yeah, but at what cost?
It was well needed.
Like, it was well needed.
If that didn't do anything for you, you got a problem.
It was a good pitch.
I missed it all, man.
I swear to God.
It was a good pitch?
I don't remember, bro.
Lisa.
It's been a couple years now.
The pitch was pitching.
It had you intrigued?
Okay.
So he did his job.
Listen, he did his job.
Listen, if you're not stacking Litecoin at these prices, like, what are you doing?
Oh, she definitely got some.
Alex, she's definitely.
100%.
She wasn't saying she'd go until she bought.
That's crazy.
Like, I've been holding litecoin for a long time
if you don't remember the last all-time high was 414 back in may and june of 2021 like you know
that eventually it's gonna surpass that last all-time high and right now it's like what 53
55 like you should be stacking that shit and put it away
She definitely is gonna dump on us Alex. This is you see that's the thing with Lisa, you know
She's done. Yeah, she's done. It's over bro. It's over girl
But you better play it up. You got to buy all your supply right now at these prices
it up you gotta buy all your supply right now at these prices let that hit all-time high
sell that and you buy back again on the dip like this like straight up what are you doing like you
guys you guys should be stacking that right now no one's fighting you i don't know.
I enjoyed the Litecoin talk today.
It was needed for sure.
Yeah, it was fucking lit.
I mean, especially
with all the bullshit on the timeline.
You know,
from you know who.
We took a break.
Oh, you all live for that.
No, no, no, no. The drama on the timeline.
There's like 10 people left.
We're going to talk.
They're going to talk in subculture.
That person is definitely
listening in spaces. You know what
he's going to say next, right?
On his next post. He's going to include
Litecoin in his next post.
Straight up. The guy's crazy.
Somehow, someway. some way even put that
out there into the no it's we already know it nikki i don't have to put it out there not 100
he's in the grease trap he's cray cray give him more ideas he's got nothing better to do
like we already know it tell him to fud french bulldogs now, too. Fuck my dog, right? What else? Chicken tenders? What's your
what's your PFP? What's that PFP
you're holding?
What's your PFP?
This is a picture, dog.
Are you calling me a dog?
Daog.
Yeah, don't speak to me like that.
The W in daog is for women.
He's gonna fud your PFP next, for sure.
My brother in Christ, This is from Google.
This is a picture.
And again, it doesn't affect me.
I have everyone blocked of the whole world.
You know, it doesn't matter.
It doesn't matter if you block people on X anymore.
You can still see them on the timeline.
No, it doesn't.
No, you don't.
Yes, you do.
All you have to do is see posts.
You guys paste it in every group chat. What are you talking about?
In the comments. Show everyone.
You can still see their shit on the timeline.
You can see it all. You just can't retweet
or comment.
You guys go through what. That's not true.
You don't even see them. They're space problems.
Max, go look.
You guys are using 1947.
Fuck no. I just did my update.
It's total truth.
I couldn't be more wrong.
So right.
I'll die on this hill.
I'll die on this hill.
You will.
You know what?
Wait, I'm going to prove.
Books.
Yo, G.
What did you think of CK Cardano?
And he's like a B-22 bomber that needs a mid-air jet refueling and he don't stop.
He keeps going.
44 minutes, Alex.
Was it 44 minutes alex kind of is it was it 44 minutes
exact 46 i've never seen anything like it me neither incredible bro at first i was a little
you know but then after like the 37th minute i was one i wanted to see how long you go yo i put
the phone down when the litecoin guy was going off. And I thought that he started playing a recording
for Litecoin from like YouTube or something.
This guy didn't even breathe.
He didn't even go, like not once, bro.
That was one sentence.
I don't think that's a real person.
I don't think that's a real person.
I don't think that's a real person.
Unfortunately, I actually am this fucking crazy You're in the right place
Thank you man
I just wish everyone was like this
We would go way higher
Oh you don't like cornwood bro
Like again
Three days would go by
that's true and buy this coin
ck cardano who's the biggest light coin influencer you know honestly i'm not trying to toot my own
horn but a lot of people are like bro i heard about light coin because of you. Some guy named CK. Oh, okay. Crazy.
But I don't know, dude.
You know what?
There's a guy, Flippin Finance.
He does a lot of videos and whatnot.
Flippin Finance?
Yeah, I think that's the name of his.
It's like Flippify or whatever.
He has videos and whatnot, but they need more.
They need more content creators. And then the dude that's running the Litecoin VM project, he's Circle Crypto. Shout out to him. Really, really cool guy. But yeah, I would say the LitVM team and the Flippin Finance guy are probably the ones that are doing the heaviest lifting. And then David with the Litecoin account. And then you got John Kim. Shout out to John Kim.
And then you got John Kim shout out to John Kim. Um, but yeah, bro,
that's kind of like the, like, unfortunately,
like the Litecoin core team, like, like, like David was saying,
most of them are like 40 and 50, you know, and that energy reads.
And like, that's not bad, but it's just like, bro, they need help.
You know?
And I would say their help is like Litecoin DM and that flipping finance guy.
But yeah, other than that,
there's not a lot of Litecoin content creators that have come across my my radar
taking away your pilot's license 21 million bitcoin 84 million 84 no that's okay 84 million
litecoin 45 billion cardano and then 24 billion night
and then snack as well so you're more of a cardano maxi i feel like than anything else
actually cardano's everything up and it upsets me and the only reason i have anything to do
with cardano is because it was uh helping my bitcoin bro um man so what i am i'm i'm a big believer in what i call the grand unified utxo
theory there are things that stop in that plane before it gets off the tarmac on that one books
i wanted to know if he was more bullish on cardano or litecoin and he just i saw it going he was preparing for liftoff
he's like uh this is cardano prepare to take off and i just stopped him right there on the tarmac
i'm not letting that plane ever take off because then i mean i cardano you tried landing that plane
it was eight eight times you said and i'm gonna land the plane here and then you continue to
circle around the airport, and then you
said, no, actually, I'm going to land on a different
airport, and then you just
proceeded to do that eight more times.
I could see you preparing for takeoff,
and I just had to stop you right there on the runway.
I've got you. Smart call.
Just activated a Patreon.
I've never seen anything like that books really incredible i'm more bullish on litecoin bro for real i think litecoin is better position well the multiples get it on the runway get it on the runway
go ahead yeah bro i think i think litecoin v cardano i think that litecoin you like
litecoin more but you have three cardano you have the snack and you have dark in your bio
yeah well actually the the the reason why i started the ck cardano account literally
was to help the snack project because because get get this, right? Cardano sucks balls. They also need marketing, right?
But we know that memes get people involved.
Da-da-da-da-da.
So that's why I got involved in SNEC.
But I was on the discords.
I was always like, dude, let me do this, you know,
and cooking recipes and whatnot
and helping coordinate activity on Twitter.
Okay.
Yep.
Just stopping that plane again.
There's just...
For you, Cardano,
I don't think there is
like a yes or no
or I like this more than that.
I think it's...
Well, SDM, have you ever seen anything like this?
It's called not being retarded and having reasons.
But you're right, bro. There's always a thing
behind what I do.
Yes.
I mean...
What if we call it Cardano?
I still don't think that's
going to work, but I like it, though. I like the Enyan.
Actually, you know what?
That brings me to a Litecoin.
See, here's another way that Litecoin and whatnot can win.
People need to start accepting.
Like imagine you were a taco truck.
You put a QR code.
You accept Litecoin, but get this.
This is 10% off, bro.
This is 6-1.
We're prepared for takeoff.
Go ahead. Take off takeoff. Go ahead.
Take off from here.
Go ahead, Cardano.
Thank you, Alex.
I'm going to keep this short and crispy.
You know what?
Actually, Alex is going to help me refine my fucking approach.
No, there's no shot, Cardano.
We like it.
You're right.
No, we like it.
No, no.
They made me raise myself.
She's like an AI pilot.
And then you get me.
No, bro. Yeah. Like, Litecoin can win. my parents no no they made me raise myself like an ai pilot and then you get me no bro uh yeah
like litecoin can win um and i think accepting these things at point of sale is is is i think
point of sale is where you think it's going to work i do me i think it's i think it's on-chain
activity meme coin trading meme coin trading or nft trading or even real world asset trading.
I think Aster is doing it the best personally.
Aster and Hyperliquid, they're doing all the, and they have their own chain.
Like I think they're attracting, I think you got to track the traders at this point in the market.
There's no more holders in my opinion.
You got to track the traders that are holding the underlying asset to trade on top of the,
that's like where we're at i think i think i think that i think you make a good point
bro i think they're different like kind of different markets like like for instance cardano
really needs to do a treasure quest it's killing me dude like they are paying salaries of like 225K. Now look at the fucking ADA price of like
what? 25 cents. Imagine one clipping that salary at this price. It's insane. Whereas how much does
a Bitcoin cost, right? 70 grand. You could walk into any room and like it right here. Like what
if Alex was like, all right guys, like whoever gets the 24 words first unlocks the Bitcoin, that kind of shit to onboard and whatnot.
But yeah, man, there's a lot of levels.
But I hear you on the Hyperliquid and the Aster, like perpetual markets and whatnot.
But yeah, dude, there's just there's stacks and there's layers to the game.
Like crypto natives that want to keep their money long term.
Like that's like the Bitcoin and Litecoin play.
Whereas if you want to exponentiate your money, if you want to get those multiples on your
money, 100 percent, you're in the meme coin trenches.
You're in the perpetual platforms.
And so absolutely, there's business to be made throughout that throughout that stack.
Yeah.
You know, and I think like, yeah, like Litecoin, for instance, may not be
as well positioned to do what like Aster is, you know, and Hyperliquid, but it doesn't necessarily
have to be to still be wildly successful and even complimentary, which is really why I think
when the planes get going and whatnot is because so many of these projects really can exponentiate
the value that they create together.
Like in military terms, they call it a force multiplier or like engineers work in teams.
You know, every additional engineer you get, you can you you exponentiate what the team can do.
And so I think that there's a whole level in the lane there about linking in.
How do you save your money? Well, how do you spend your money? Well, how do you build your money? Well, how do you access privacy? All how do you spend your money Well how do you build your money well
How do you access privacy all that kind of shit
Um but yeah bro for sure
Hyperliquid and Astor do you have uh
Do you have a preference between those two
Because I haven't really fucked with either of them
I got my eye on them and I think they're cool
But uh but yeah do you have a preference
Between uh Hyperliquid
Or Astor
Mmm I like Astor preference between uh hyper liquid or aster
um i like aster
that kind of makes sense i've been hearing a lot of good things about aster and and my understanding do you know if they have any like
uh relationship like directly with bnb
relationship like directly with bnb
no they don't
okay cz helps advise it that's pretty much
their connection okay why do you know something do you know something well no i don't i don't um
but uh i okay so i do know that in the
bnb community which i'm learning about more and more um there is a thought that how can they build
applications and stuff on top of bnb that of course feeds the base chain kind of like the
the opposite of some of the criticism of the l2s on Ethereum for the scaling and whatnot.
And so to that end, like I've been wondering if there may or may not be a potential for like an integration with the BNB asset for Aster as almost like, like in TradFi, you
get access to like margin accounts and these kinds of things.
So I'm just wondering if there might not be a possibility for like a passive yield,
like how Coinbase is offering 4% on USDC deposits.
I'm wondering if some of these really successful
perpetuals and trading platforms
might not be able to integrate.
For instance, like if Aster did have a relationship
with BNB, if there might not be some sort of, hey, your BNB that's associated with your Aster account, you know, is yielding 3%, even if you're not trading, but maybe by having access to that liquidity, the BNB liquidity.
I'm, you know, just kind of thinking out loud because I did, you know, CZ backing Aster, you know, made me think, oh, okay. Like, is there, is there like
kind of more methods to the madness? And then I'm learning about Captain BNB, which is a meme coin
on BNB that I'm probably, I currently have no exposure to BNB or Aster or any of these things.
things uh but that is a little bit of of alpha that seems to be kind of working its way um is
But that is a little bit of, of alpha that seems to be kind of working its way.
that that captain d d project but uh yeah shout out to it why why do you prefer uh astro over
hyper liquid the cz endorsement i'm a simple man cardano i'm a simple man no that's brilliant bro
that's first principles working.
I see what you're cooking.
That makes sense.
The chain goes live
sometime
end of this month, so it's going to be
really interesting to see how many traders
come in and try the chain.
I don't know what's going to happen.
But I do think the payment
settlement thing is going to happen. But I do think the payment settlement thing
is going to just
inadvertently
onboard a ton of users, probably.
If they haven't already.
How were they
saying they were spending their Litecoin?
How were they...
Who?
Well, they said they would just spend their Litecoin.
Where at?
Exactly, right?
Is that me?
No, that's me.
That's me.
No, I just, I thought I heard Litecoin said they were spending their Litecoin.
I was wondering how they were doing that.
Oh, yeah, I don't know. I was wondering how they were doing that. Oh, yeah.
I don't know.
I'm not sure.
Why would they?
Are you talking about like the Litecoin Foundation?
I thought that's what they were kind of focused on
was like a payment settlement structure.
That was the use case.
Even I think you said something like that.
Oh, I see. I guess. that was the use case even i think you said something like that oh i see oh i think oh i guess um well yeah litecoin is good for spending you know 100 it's it's uh all the centralized exchanges have have litecoin defy environment all that so for sure
you can spend it um but but the other thing i was having a conversation with someone the other day
and they were saying that like when you get really honest about like Bitcoin's market advantage, it really is just the capitals there.
It's the first mover advantage. But when you look at it, engineering and there's a Bitcoin maximalists hate this shit, but Litecoin's better Bitcoin, motherfuckers.
It just is. It's 13 to 16 times more natively energetically efficient
to validate it. It's got a hard cap supply four times more, but you also got privacy
and it's faster, right? It's just, you don't have those early participants that have the big bags
and whatnot. Um, so, so while, while yes, Litecoin is really good for spending, you can also hold
your capital there as well. Um,, I think that it could it could
fulfill where where people use what people use Bitcoin for. Now, I'm not suggesting that people
walk away from Bitcoin. I'm just merely pointing out the sort of academic fact that there is no
special sauce that exists in Bitcoin that can't immediately go to Litecoin, you know? And yeah, yeah.
But yeah, for sure, you could spend your Litecoin.
But I would really like to see, again, like the Operation Litecoin Liberty buy for Litecoin
is because it's accessible.
And then we would be able to flash a network around the world where we've got that buy-in.
And then the game is now that you've got your network of, say, 100,000 people all around
the world with four Litecoin.
Now the Litecoin community starts marching that price up.
And that's the thing is I think that even in that first move alone, if there really was like an understanding of what is Operation Litecoin Liberty, right?
We're enforcing honesty on the spot price.
We're making it more honest because people have been very critical of Binance being right, like shadow and light, you know, not everyone's that. But people are critical of
Binance in particular, manipulating Litecoin spot price. People think that sometimes Litecoin is
what is used to pay a lot of the bills for some of these centralized exchanges, which is why we
want to start migrating supply from exchanges to holders into self-custody wallets.
And that's across the board.
That holds regardless of the chain that you're in.
Whether you're in Bitcoin or Ethereum or XRP or Solana or whatever, if you move those assets from a custodial exchange into self-custody, those custodians have to be more honest.
Because if Michael Saylor picks up the phone and says,
I'd like 100,000 Bitcoin
and Brian Armstrong only has 60,000 in his bag,
he's got to bid the open market.
And then we find out what the price is.
Whereas if we all have our assets on Coinbase
because we're trying to get 4% on Circle
and all the da-da-da-da-da-da,
well, then Brian has all of the options
to play float games and I'm good for it and whatnot,
which makes the spot prices suck. So yeah, the more people that we can get moving assets to
self-custody, the better that we're doing. And I think with Litecoin's current price,
with how cheap it is, if we really got like a thousand people that really understood
what time it is, it becomes a self-fulfilling prophecy because Operation Litecoin Liberty
starts to move into the second phase, which is the first phase is just you want to get those
holders. I want to get a bunch of people that have the equivalent of one Bitcoin, and then I want to make Litecoin, you know, a thousand, twenty five hundred, a hundred thousand.
I really believe Litecoin does get to twenty five thousand per coin.
I think that that is possible. And again, because in this environment, anyone launching a chain now has to compete with evil suits, lizard people, the rest of the market, whereas Litecoin quietly, it's almost like there
was a once upon a time, a magical race of fucking magical things existed and they flew around the
world. And there's like, you know, seeded the planet with 84 million magical fucking, you know,
tokens, totems, each divisible by a hundred million units and all this fucking bullshit.
What I'm
trying to tell you is Litecoin is really special. And if people started realizing, I have $400,
I'm going to pull four of these bitches off the exchange. I think what would end up happening is
Litecoin would start marching towards that 140 level and then break it. And then people would
start getting excited. And then by people going, oh shit, what's happening with Litecoin? They'd
get savvy to Litecoin Liberty and go, oh shit, it's not $400 anymore. Maybe it's $1,000 because now
for Litecoin's $250, but I'm in. And then we start building that far more decentralized network
that doesn't have the manipulation that Bitcoin has in it. Because that's the other thing that
Litecoin offers the market is right now,
the global decentralized blockchain
and cryptocurrency community
can force honesty on Litecoin
in a way that they can't with Bitcoin.
Because again, those market caps,
Bitcoin's 1.4 or whatever trillion,
whereas Litecoin's 5 billion
or whatever the hell it is.
So that's an exciting opportunity for me
is that we can do everything that we can do with our Bitcoin, with our Litecoin's 5 billion or whatever the hell it is. So that's an exciting opportunity for me is that we can do everything that we can do
with our Bitcoin, with our Litecoin and more,
but we can build a network
that isn't just the suits on Wall Street
so that then when we start getting Litecoin
breaking those all-time highs and setting the records,
we've got a global community that's along for the ride
and is excited and then has a reason then to hold on to their Litecoin and maybe spend it when they want to.
So I'll land the plane and pivot back to that point of sale.
Like if like another thing that I would do along with an operation Litecoin Liberty is this.
Say, let's say you had a million dollars in a bank January 1, 2025.
The US dollar lost about 10% of its value from like eggs went up, inflation, rent, all that shit.
Whereas there's 21 million Bitcoin, there's 84 million Litecoin.
So when you, if a small business, let's say I'm a pizza shop, right?
And I start having a Satoshi Saturdays, right?
Where we celebrate blockchain on Friday and Saturday night.
And so if you order from my cafe, my pizza shop, my burger joint, whatever the fuck it is, any business could do it.
But give them a 10 percent discount if they buy in Litecoin.
Right. So and what's really cool is you could even have it like, unfortunately, pizzas are fucking expensive, where a good large pizza, you're spending more than like 30 bucks. So you could literally get it to the point where just the 10% discount is sufficient incentive to have someone sit there at the counter with your pizza, whatever your burger, whatever employee and figure out the app like, and that's the other thing is you'd want to have an app that allows people to convert their cash
to their Litecoin to their whatever.
But the point is, if you got people accepting Litecoin
as an alternative with a 10% discount,
you would be doing basically another version
of that like Operation Litecoin Liberty,
moving supply from a custodial exchange
to a small business. But also think custodial exchange to a small business.
But also think about the value proposition for that small business. In that one move,
they're migrating from an inflationary network, which is U.S. dollars essentially, into a finite
84 million cap supply network. You know, so I just think things like that, incentivizing at
point of sale, maybe you're building not on Lyco. Maybe you're building Cardano or Solana or whatever. But I do think that things like that, they can. But now again, Solana and Ethereum do not offer that inflation escape proposition because they do not have the hard cap supplies.
of the hard cap supplies.
So there's a lot of pieces there.
But yeah, so definitely do spend your Litecoin,
but you don't only have to spend your Litecoin.
I would say join operation Litecoin Liberty today.
Pull four Litecoin off an extension,
a centralized exchange,
move it into your self-custody wallet
and stand by while we change the motherfucking world.
What do you think of Solana versus cardano and litecoin
i think solana does the business well i think solana is is a friend a friend asked me in the
bnb space a similar question he says why is cardanoano failing where Ethereum and Solana succeeded? And a lot of that is the people.
So it's funny.
Like Dave was mentioning, there are well-funded players that have been intentionally doing what they can to suppress Litecoin's price.
So that's a piece of the problem.
But you could look at that many ways.
Maybe people are like, yo, Charlie, we wanted a taste.
And you didn't give us a taste. So why are we going to help you? Whereas Solana has, they have done so good
at giving the people a taste that can help the price cook. Now, whether that fulfills Satoshi's
vision, it actually very clearly doesn't, you know, um, which is, you know, um, but, uh, but
as an asset, as, as, as an asset, as really as a business,
they're doing a lot of things right.
And we see that in the performance of the asset, you know,
whereas Cardano, similar in a different way than Litecoin.
I think Litecoin just existed really early.
Like, and again, shout out to Charlie Lee, the creator of Litecoin.
People do not give that man enough credit.
For folks that don't know, Charlie Lee was the OG chief technology officer of Coinbase.
Charlie Lee famously in like 40 fucking days basically coded up the first like globally
actual secure multi-asset like vault so that Coinbase could launch a viable business.
So shout out to Charlie
Lee. But so, yeah. So when Charlie Lee was doing the Litecoin stuff, the industry wasn't. It like
almost didn't exist. You had Bitcoin and then like Litecoin kind of thing and some geek projects.
So even if Charlie Lee, like maybe Charlie would have made different decisions if he had had different options when he was releasing Litecoin.
But because Litecoin released in the environment it did, it really didn't even have the opportunity to pay the players to pay to play to have maybe the price performance in the asset that we see with Solana.
Whereas Solana, it launched with a thought for, OK, blockchain technology exists, Coinbase exists, Binance exists. How do we launch this new project, get it capitalized well? And they did the Solana phone. And then Bonk, again, they put together multiple pieces that allowed each piece where if it was a loan, would have been able to be worth, say, a million dollars.
But when it's in concert with two or three other pieces, it's not a million, it's a hundred million.
You know, it hits that exponentiation.
So Solana's done the business relationships really well.
Cardano, it launched in a time where it could have had those issues or could have established those relationships.
But the founder of Cardano, you know, shout out to Charles Hoskinson, also part of Ethereum.
But think about that. The founding partners of Cardano had their bills paid.
So like with Charles, he had he was, you know, dabbling in Bitcoin and probably in Litecoin and these things. And so when Cardano was being formed,
the capital that was building it out
was kind of coming from inside of the house.
And so there wasn't the relationship building.
So Litecoin existed before those relationships could be built.
Solana came right at the time when it could,
and it built them.
And then Cardano could have, but they didn't, you know, for different reasons, different reasons, you know, because because financially the powers that be in Cardano were satisfied.
And those decisions are, you know, have been to the detriment of Cardano holders, you know, ADA holders, because the price hasn't performed.
And we're working through and I think that there is a way, there is a way for
them to succeed, just like Litecoin. Litecoin really has, dude, Litecoin has the potential
to really be like the freedom story of the people. Like that's what I think Litecoin really becomes.
If we launch the operation Litecoin Liberty and it does all the thing, it becomes that capital
layer that everyone has access to. you can turn it into whatever you like
if you want to turn some litecoin into aster go do that if you want to turn your litecoin into
solana go do that but litecoin can be that trusted capital layer that that michael saylor is basically
turning uh bitcoin into for the suits litecoin can and litecoin's really pretty much the only
asset that can like you could say cardano but, Cardano has got its cabal issues, you know, um, and, and, and other shit. Um, but Litecoin really could do it.
Litecoin could really be the decentralized freedom, liquidity, freedom, capital layer
of the people, you know, where, you know, so, so yeah, there's a lot there, but yeah,
to land the plane and answer your question. Um, yeah, Litecoin was a little too early
and it already kind of made some moves that
that charlie lee selling um that he didn't have the the ability to pay for the play um solana
just did it right you know like putting putting aside whether you know infinite supply da da da
solana played the game that they had they fulfilled their intention well they had folks with business
acumen and they
had folks that know people bro solana pays to have folks out here vibing you know and and that
matters um and then yeah cardano just really never got the the people in the business uh parts right
100 do you think it's right so you said i think you said solana's paying people to just
be out here vibing do you think that's the right way to market a coin i don't think that there's
anything wrong with it i actually have a project um something that i'm pitching for cardano
to make it so that it is fucking fair i call it 10 totems which is essentially this uh i think i
put 25 million ada yielding 8%.
And it was just because stable coins,
if you do like synthetic stable coins and dah, dah, dah, dah.
But the point is the way that I would do it
is I would have a public fund
where you're paying your KOLs
or your people that are vibing for your projects.
You're paying them based on revenue generated
from stable coin yield.
So one, you're not having to perpetually, because if I'm paying my KOL Solana, that's
perpetual sales pressure in my Solana.
So I want to protect my Solana and I want to have my KOLs help Solana become more powerful.
So what I would do is I would fund an account that creates yield with stable coins.
And if the stable coin environment is healthy on Solana, it also means that the chain's
doing healthy.
And with that stable coin yield, I would then pay my content creators to rep projects.
And then what I would do is I would have those KOLs also would be of, by, and for the community.
If I was Solana Foundation, I would create like a portal where the community can vote
for those voices in the space that they believe is a good voice, has good alpha, has good
takes, has good vibes that you want to hear from.
You know, and then basically the way the 10 Totems would work. Like, let's say Alex, like
the community elected you, you would go to the 10 totems global hub. You would put in your wallet
address and then you, and then you would go, yeah, vote for me. I'm Alex. I want to advocate for
Solana projects. And here's, what's also really cool about it is you would be free because the
community chose you. So also the community knows that they can trust what you say
because you're not getting paid, you know,
for someone that they know it's going to fuck them.
But hey, bro, here's 20 grand.
Just go along with it.
You know, so the community basically says, yeah, bro,
we believe in Alex.
So you post your receive address.
And then, so what would happen is you would have to reach
a minimum threshold for viability. So like in Cardano, we have stake pools. And if you get like a million ADA delegated to you, you start producing blocks. So like using that as an arbitrary whatever, let's say Alex got the equivalent of a million ADA delegation and it's boom, cool. So what would happen is we would launch the 10 totems
is there would be 10 people
that would be these KOLs or content creators, okay?
And so Alex, if he reached that threshold of a million now,
and here's the thing, it would be the top 10.
But if we launched it like today,
it's basically the first that get that million ADA of support
or whatever Solana, however it works.
But you express public support that says is yes, we believe in Alex. We want him to support us.
So then what would happen is Alex would be sent a totem, a totem. Think about it like a dynamic
NFT. And really all this totem does is it would send Alex one 10th of the yield generated from the stablecoin program,
you know, because that's what's paying, you know, Alex's bills.
But now here's the thing.
The community has voted Alex to advocate for projects building on Solana.
And so what could end up doing is Alex goes,
hey, bet, I want to support you.
And then you can find, you know, you support me.
And so, but Alex is a
10 totems holder would basically have whatever compensation that he would get from repping and
vibing with communities building on Solana. They would fund the 10 totems account treasury,
essentially. So if Alex is repping reputable projects that are doing successful. And that project is going, bet Alex, here's, you know, a thousand units of participation in this project that you're helping with.
Well, now Alex has helped the 10 totems treasury grow.
So when Alex's totem that he has in his wallet gets his every five days or every 30 days, depending like Cardano has five day epochs.
days or every 30 days, depending like Cardano has five day epochs. Anyway. But so, so Alex would be
paid commensurate with not only that native stable coin baseline, but now that, you know,
we're paying Alex to help create value for Solana, he's creating value for Solana. That value is
entering the 10 totems treasury, which is making Alex's per, you know, per unit time payout larger,
which is making Alex's per unit time payout larger.
And furthermore, this can become what's called a sane model,
scalable algorithmic Nash equilibrium.
And Nash equilibrium is a state in which all players in a game
are maximally advantaged, commensurate with their skill set
and available move set.
So that's kind of a lot of words there, Alex,
to say that I think
that there are ways where you absolutely can pay people to rep projects and whatnot, but we've got
to make it so that the incentive, because here's the thing, right? In this 10 totems model, let's
say we fund Alex and Alex gets out here and he's a proper shit coin, whatever. And he's a rugger,
right? Well then in short order, people are going to go,
Alex, you've led me to the slaughter 10 times. I'm going to remove my delegation. And then,
oh, he drops below the, the, the 10 totem threshold and he ceases to get his dynamic
payout from the community for being an awesome, you know, champion, you know, dah, dah, dah, dah.
So, so that's, you know, there's lots of ways that this goes, but, um, but yeah,
to maybe land the plane there, I don't think it's inherently bad at all. I will say Solana has used paid KOLs to the detriment of the community
in ways that have been more extractive and detrimental to Solana than, than positive
long-term. But it doesn't mean that they can't course correct. And it doesn't mean that there
aren't viable models. Cause again, like the 10 totems concept,
I think is really strong.
You get a roster of people of by and for the community
with live accountability.
That's the other thing, right?
If you fuck up in public,
all anyone has to do is go to the same fucking 10 totems
governance hub and go, Alex, you burned us, bro.
I'm sorry.
But if Alex keeps doing good work,
bro, right, he's just going to get stronger and stronger. But here's the beautiful thing, right?
Scalable algorithmic Nash equilibrium. It launches with 10 totems, but the 10, right? 10 badasses
that are good at making, say, Solano or Litecoin or Cardano, 10 badasses that are good at making
money, make the treasury bigger. What happens with
a bigger treasury? You can hire an 11th badass. So that's the thing is why like, we don't ever
need to like knock our heroes off their perch either. Like when we get a badass, if Alex is
out there and he's able to help projects make money and like Aster is doing better. Well,
now the 10 totems treasury might have 10,000 units of Aster in it, right? So now, wow, everyone's fucking kicking ass. And then, oh, there's a new project, a new meme,
so all of these people, these 10 Alex's, these 10, you know, KOL's, content creators,
Vibers, whatever you want to call them, are creating value, enriching the treasury,
which enriches their per unit time payout and allows us to, to scalable algorithmic add new players,
you know, so that, so that it's no longer just the top, uh, the top 10 that have the most,
uh, you know, delegation or votes from the community. Um, but once the treasury grows,
like for instance, if we launched it at like, you know, um, uh, 10 million, right. Let's just
say for random, cause people used to ask me back in the day when I worked in, in more TradFi, how much money do I need to retire? And I would say the back of the
envelope is this, every hundred grand you have can make you about a thousand dollars a month.
Okay. So if you tell me my expenses are 4,000 a month, you know, I tell you, you need 400 grand,
then you need to double it. And then there Bob's your uncle, you'll probably be able to retire,
you know, which is why a lot of people shoot for that million dollar number.
So in a similar way, let's say we funded this 10 totems account with $10 million. Right.
And so the $10 million could yield what are four, six percent in stables.
And that pays out the 10 KOLs. But then over the course of time, those KOLs, again, maybe they rep Aster, they rep project XYZ, some new odds market and
these kinds of things. Um, and, and then, and then those, uh, those participation to compensate
those KOLs, it goes into the treasury, which enriches again, everyone there. And then the
10 million becomes 11 million. And then you create an 11th totem. So it's, Oh, yo, congratulations.
Shout out to the 10 totem holders, Alex books, MF for Joe, Michael, all that kind of shit. Right. And then as you know,
that, that team is successful, they, they open up opportunity for more. So, so yeah, bro, I think if
it's done right, it can be fired. And I think it's actually something that we should be doing.
But yeah, we've just kind of, you know, there needs to be tweaks to the model.
Michael, what did you think of that?
Michael, you there?
I mean, yeah, I'm here.
There's a number of things with like you know making basically a way to utilize
the token and I mean a light coin has its it's had some peaks and I do I don't
know if it's gonna go to the point that you said earlier CK perdono I think we
just take $20,000 I think it hit an all-time high, what, of the last cycle, what, 400-something?
And it's sitting at like 53.
It's cool that it's decentralized.
I've always thought that's cool with Litecoin, but I think also that's a problem, that it's overly decentralized.
Like you said, you have a bunch of folks that are in their 50s and 60s and like that that are primarily behind it it's just difficult
when something's very decentralized for things to get done i actually sat not on this recent
my coin space but one prior where i was talking about some cas that just aren't even available
yet or visible on like coin market cap and coin gecko for like you, base chain or why is it not yet available on Solana?
You know, why can't people buy like coin on Sol, you know, stuff like that.
And it's because with all that decentralization, things are much more difficult to do because, you know, there's no there's no one really steering it.
It's it's really decentralized. So it's a good and bad thing.
And so with that, it probably will be around
for a very long time.
So when it comes to price,
I don't know what's gonna go to those points
that you mentioned.
I just don't see that happening
until something more centralized comes
and people have incentive for the price to go up
to that point.
to that point.
Anyway, that's my thoughts on it.
But I do respect it's been around for a long damn time.
It was the third tradable asset on Coinbase forever
until Bitcoin Cash launch of its fucking fiasco.
But yeah, it's been around for a hot minute.
And it was actually my largest holding for a long time
until I moved over to Ethereum Classic
after Ethereum with proof of stake.
And that ended up playing out kind of well
because everyone else moved over there too
and had a nice little spike.
But yeah, I mean, it's just been around for a long time.
And it's just, it'd be nice if it had more use.
I mean, maybe you notice more than I do.
I went to some Litecoin summit in Austin.
It was actually during the Bitcoin convention.
But I just went there, just basically just crashed, just popped in.
But I didn't have a long conversation.
But can you launch tokens on Litecoin? Is that that a thing I've heard that's kind of a thing
but I don't know if anyone's doing it yet you know I'm talking about yeah bro
likely yeah people are taking like runes and ordinals and whatnot like David
mentioned them like he called them ordinals I don't know if they're
calling them like lighten holes or what the hell but yeah to my understanding um there are equivalents of like
runes and ordinals and then their uh lit vm is the next really really big kind of uh I
kind of consider lit vm as litecoin's official foray into an attempt for smart contract environments.
We'll see how well it all executes.
But yeah, my understanding is LitVM, the intention is to be able to have token launch platforms,
real world assets, all that kind of stuff.
But as of right now i'm pretty sure
like quinn's already currently on bnb and so i don't know how this will work technically but
there's there is some custodial service or some bridge that's doing that um and of course you know
bnd's you know edm uh but i'm surprised there hasn't been someone created a side of like ruins and stuff where people can,
you know, start launching tokens and a launch pad.
I mean, basically what fucking Tron did essentially,
you know, like there's just no one,
well, we don't have Justin's son behind Litecoin,
you know, type of character,
but it's just that there was something where
I can see your price point
if something like that was happening
if there was a way to if you're seeing people building on top of it like launching tokens and
creating launch pads and you know there was something to use the token for except for just
purely just payment rails you know like except for you know it is cool it's on paypal and it's
everywhere but except for a form of payment i mean it's cool
it's cheap but a lot of things are cheap you know and fast and it needs it needs more and it needs
structure you know like like the simple stuff like coin market cap and coin gecko it's getting their
their token pages updated with like additional contract addresses it's something that a little
bit baffles me that that hasn't happened yet.
And I think that's just because of like organization,
like who's doing what.
And that's, I think it circles back to it being very decentralized.
And again, decentralization is good and bad, you know,
because, you know, it's harder to take down,
but also very difficult to get shit done at the same time.
A hundred percent, bro. A hundred percent. You know, that's why like Operation Litecoin Liberty,
trying to seed the community with actionable items that they can do. They can, they understand
the request. It's not, there's not a lot of ambiguity and buy for Litecoin and move into
an exchange. Now, having that conversation about why is that powerful?
How does that enrich a bunch of different plays down the line?
Right.
That's a big ass fucking rambly conversation.
And most people, if they know you could make it better by moving for Litecoin.
Yeah.
You know, a lot of the organization, a lot of the.
Yeah.
When you are a globally decentralized community without like concrete, like leadership
to look to that has the skill set, because like a Charlie Lee, you know, shout out to Charlie Lee.
He's got the skill set to make a Litecoin, to be the CEO of Coinbase, you know, but he may not
have that skill set to be the person that advocates for it, you know, that gets the
community excited. I would say that I think purely as a financial instrument,
Litecoin actually could walk itself up to anything that Bitcoin's done, Litecoin could do.
I think in some reasons, if you want to participate in what Bitcoin did, but you feel you were left
out by the suits, A, you were, you know, shout out Michael Saylor. But how about we get it right
and do it right and lift up the entire community with Litecoin? But but yeah, like to hold those values and to get there quicker.
I think having the more utility, having the smart contract functionality and that that's what got me into Cardano back in the day is I realized, whoa, this is going to unlock the smart contract expressiveness for the 21 million Bitcoin UTXO set.
Because the unspent transaction output model does not have the expressiveness of the EVM and
accounts-based model that existed for Ethereum and Solana and XRP and BNB. And that was the
hard engineering that Charles Hoskinson chose to take on when he launched the eUTXO model of Cardano.
And so that's what is really kind of cool about what LitVM is doing, even though right now they're kind of leaning more into the EVM side.
I think that they're going to be able to be the beneficiaries of a lot of the open source code that has moved forward the UTXO model.
So that Litecoin is going to be able to build a lot of the smart contract expressiveness that we've seen on say Cardano and some of these other things.
And now they're going into midnight. I think that Litecoin will be able to bring that functionality there as well that hopefully will help it achieve those higher values.
Yeah, I mean, it's a tall order, right? You got to build it so that it's functional, it works, it's fast.
And then you need people launching on it.
You gotta, you know, for lack of better words, shit's gonna need to get crimed up to get attention.
There's so many chains out there right now that you can launch on.
I mean hell, even even XPL, you can launch tokens on there.
Most people don't even know that because it's down so damn bad, even though they made a post on their exit today.
Trillions, whatever the hell that means just be nice because it's back to a dollar I'll tell you
that but you know you can watch tokens on that you know you can launch tokens on you know INJ
you know Cardano you know Tron maybe there's a lot of chains to build on top of that really fast it
is it's tricky and not to dog like one and all because i do a whole
decent bag of it but it's just like it gets tough when something's very decentralized and i would
even you know have lovely conversation about decentralization versus centralization because
i would argue that it's very difficult for anything except for bitcoin to be to function
long term in a decentralized environment there has to be a leader i mean we're
humans you know there has to be someone leading you know this is how our nature is and when you
have a project or an asset that's leaderless you know it kind of goes into the stagnant state
until it it grows and people say oh pepe did that and
pepe had pepe was launched like a thousand different times you know before one of them
took off and and that's an anomaly there but in general there has to be some leadership and even
bitcoin at its core has had a number of leaders you know you can say you know ross oberg was
indirectly our leader with like you know silk road Road and creating use for Bitcoin in its own way.
And you have Charlie Strim and, you know, all the other folks that build business.
And, you know, if you guys have been around that long, I don't know what the hell I'm talking about, you know, that created, you know, exchange so that you can buy and sell instead of using fucking Mount Gox.
change so that you can buy and sell instead of using fucking mount gox and if there aren't people
that are these pioneers that are doing to build on top of these assets that are probably skating
the lines of legal uh consequences then things just don't really move you know and that's that's
happened a lot right now with these prediction markets. I know a number of guys that are just building up prediction markets.
And a lot of the lot of what they're building is going to be a jurisdiction nightmare because it's just not legal for what they're doing.
And they don't know that, you know, essentially these are gambling sites.
And there's maybe hopefully don't get big enough to deal with the consequences of doing stuff like that.
But you still need people to do this stuff so that, you know, these assets, you know, can expand and there are legal, you know, conversations on what
exactly, you know, laws have to take place to make this possible to work.
And, you know, people send them going to prison, essentially.
I mean, that's what's happening right now with fucking tornado cash, Deb, right?
You got to hear about that?
How they want to retry him again for, you know, building out that platform.
I think they're going to try to get him on the money transmission licensing, which is pretty dark, you know, on that front.
You know, if you're docs, don't be building fucking mixers in the United States.
Does that play out well for you, you know, long term,
the government wants to know where their money's going. But it's not just them. I mean, the samurai
wallet guys, I mean, those guys are indicted, and I think they're actually sentenced to like five
and six years in prison, you know, for building on that platform, because they're accepting a fee
for the transactions that were happening on their wallet. And so but like, these people have to exist
though, you know, they don't exist in the technology never gets, you know, it never expands.
And so with Litecoin, I don't know if that's possible.
People building cool shit and crossing the lines legally and potentially getting arrested and expanding out there.
Like what's the motivation to do stuff like that or to innovate?
It gets tricky, you know, and so with with that i don't know where it's going because
there's so many options but it would be nice though if they can get you know structure towards
you know getting at least their their their front face with like coin market cap and coin gecko
their contracts all of the data something um that i think is very important um adoption wise because
most normies that's where they go first coin market cap and coin
gecko to like look at something to access it but yeah I mean it's a little bit of a rant on that
but it's assuming pioneers to take risk on it you know and see what happens but I don't really see
that really happening now with like coin because there's just so many options that are out there
to build on top of.
Yeah, man.
I was listening to โ Oh, sorry.
We got Litecoin rejoining us here.
What's up, Dave?
Hey, I'm back.
Sorry.
I'm all fat and happy now.
We were talking about, you know,
a lot of these chains have ambassadors
or, you know, paid people
to bullpost about their chains.
Does Litecoin have something like that?
And if not, do you think they'd benefit from something like that?
Question one is no, we don't have any we don't have uh paid influencers or shills or anything like that so two i don't see it happening either i think it's hard to sort of walk away from that at
some point and feel I guess like I mean, once you start that
don't you kind of feel I don't know, don't you feel like it's a
drug that you kind of you just can't quit at some point like
then you start feeling maybe that's the only way you could get marketing momentum.
I don't know.
I mean, we were talking about, you know, some people have different price targets for like
quit.
What I was saying is that it's difficult to have price targets for something when something
is very decentralized.
And I would say, I would argue to like, what's probably one of the most decentralized cryptocurrency
assets out there with like, what's probably one of the most decentralized cryptocurrency assets out there
with like damn near perfect uptime. But with that, with decentralization,
there you run into a difficult task.
How do you get people together to get something done to come towards a common
goal? And that's very difficult to do.
And I think all projects have to have some type of leadership.
You have to have someone steering it towards a direction or a group of people doing it.
And I think when something's very decentralized, it being steered towards a direction is very tough.
Unless someone makes Litecoin not decentralized and they buy up a shit ton of it,
and then it's in their interest for the number to go up because they own so much of it.
But that's very difficult to do with Litecoin because it's very decentralized.
So it's a tough incentive to say I'm going to buy a bunch of this and then I want it to go here because it's hard to even do.
Because it's been around so long and so decentralized.
Yeah, I would agree with that.
I would agree with that. I would agree with that.
And I would say that the liquidity in Litecoin is pretty dispersed at this point,
being as old as it is and as much as it's out there in the public.
So it wouldn't work the same.
it wouldn't it wouldn't work the same right and i think the impact would be different at this point
And I think the impact would be different at this point too,
too because for litecoin to do a reverse on that and have people that they would pay to market it
you know individuals or or whatever through their own you know through their own handles or their own
you know through their own handles or their own media resources that they have
would probably raise a lot of red flags from people who have followed it for a long time and
no different and they'd be like some people probably like this is great now it's starting
to get some attention maybe people you know will be investing in it more or whatever and other
people would be like what the hell are you guys doing? And this is the complete opposite of what you've stood for for, you know,
over a decade now.
And a fully decentralized cryptocurrency paying people to push it would be,
you know, fairly hypocritical.
I can see where it has its place, perhaps in other projects and companies and whatever else.
But I think at the end of the day,
you also have to remember that any faces that you put out there to represent
whatever it is that you're looking to put into the public,
the public is going to remember those faces tied to it. Right.
Who remembers Jared, the guy from Subway?
You guys remember him?
The pedophile?
Oh, yeah.
That's in jail now?
Yeah, exactly.
That's exactly my point.
Yep, exactly.
That is exactly my point.
And ran, yep.
Yeah.
And everybody for the longest time, you know, he lost all that weight.
That was great, you know.
He got rich and he was diddling little kids.
Correct.
And so to this day, if someone were to say Jared from Subway, weight that was great you know and he got rich and he was diddling little kids and correct and so
um to this day if someone were to say jared from subway that's the first thing is probably going to
come out of their mouth instead of everything that he stood for for the company for i don't
know how long he was there but it was quite a quite a while it was like a decade yeah yeah and
so for for litecoin specifically i think the greatest representative or spokesman that it had was probably Charlie.
But, you know, it's this painful.
It's probably going to be the last if you want to, you know, really be honest about it as far as like a specific spokesperson for it, which is both good and bad um when you think about it uh
who better to have as the spokesperson than the creator but at the same time
you know um if it's fully decentralized like fully decentralized i think the one thing
charlie probably i mean he already mined with everybody
else. He bought it with everybody else. He let everybody else decide when it was actually going
to launch, but he did mine it and he did buy it. I think the only step he could have done to make it
like probably even better at the beginning was to just not own any, right? And then he wouldn't
have had to divest and then there wouldn't have had to divest and then there
wouldn't have been all those questions and he still could have pushed it he could have spent
it and used it because i don't think that's you know anything wrong with that but like
other than buying and and mining it with everybody else it was probably
maybe that's the one thing he probably um wishes he would have had an opportunity to
rethink again just so i think it was a mistake that he disclosed he donald have no issue with
him purchasing yeah after the fact mine but i think it was a mistake for him to disclose
Because he bought it with everyone else. Why is he disclosing that he's selling it?
because he bought it with everyone else why is he disclosing that he's selling it
So I used to wonder that a lot and I have a very good relationship with him and
that was built over a lot of years of
you know interacting and showing you know
intentionality and
trustworthiness and things like that. And honestly, it comes down to,
um, he was trying to be honest with everybody.
He always wants to be transparent and upfront. And I, you know,
sometimes I guess that backfires on you. Right.
And especially in the world of money or, you know,
or finances in general where, um, it really just was not the norm to do what he did.
And, but he, he felt like, you know,
people should know about this because it's true.
Was there a, was there a group of successors
that kind of picked up the slack when he,
cause like we, we know Bitcoin went from the cypherpunks like tim may adam back al finney to um he went to the silk road and there was
always kind of like somebody picking up from where someone left off um to sailor to government institutions there there's always been some something pushing it
forward how does light coin achieve that with at Mike Michael's point mr. Oates yeah you get yeah
I think I think to this point honestly there was a sort of a identity crisis there from the time he sold to probably just maybe a couple of years ago, right?
A year and a half, two years ago.
Because as you guys mentioned earlier, when I was on here and before I had to leave, like even the goofy thing with the meme Lester, right,
with Litecoin and then the intern, the handle just going berserk for a while there and stuff.
Until that point that happened, it was really like, you know, Litecoin's personality and
identity and stuff almost went silent.
But a lot of it was there was still a very strong community there.
But the community, if you're not familiar with it,
light coiners are very cynical and they're very careful and they're very analytical,
at least the ones that have been around for a long time.
And the understanding there is that they've seen most of whatever's happened in the space.
They haven't been here since just 22 or 20 or even 17.
They were here when you're talking about the things like Mt. Gox,
or they were here when you're talking about Silk Road or anything else.
That was, you know, 2011 or later.
So they've been around.
And so those community members are very confident in what they're doing and why they're here but they don't necessarily
they don't see themselves as having to be the voice for litecoin because litecoin does what it
does and some people say that's enough some people say that's not even close to enough you have to
have voices that are speaking for it champion it you know whatever else
and and i think that's that they're both true but i think um until just the last couple of years
like i remember when i came in in 17 for about the last you know first year or year and a half into that two years, like the big thing was going out to stores and pushing for adoption of Bitcoin and Litecoin.
It was always Bitcoin and Litecoin together.
It wasn't like one or the other.
Because a lot of Litecoiners were Bitcoiners and they wanted to see both succeed.
But they would push for those as payment options in stores.
And then they would record it or we'd post about it on Twitter at the time or whatever else, Reddit. And that helped gain
momentum for payments. What you see today, and when you go back and look at the data,
the growth that happened during that timeframe from 2017 until now happened through that grassroots
effort to take the identity of what Litecoin was and push it out
to the masses so people knew what it was about. And then at some point when Charlie sold, you had
a deflation of excitement to some degree because they were like, what the hell? But the ones that
understood what he was doing, they were actually like, this is is cool now it's even more decentralized than it was before
which i mean to most people maybe that's not very sexy right but the ones that have been around for
a long time they you know they understood um but how do you market that like i don't know how you
take you know what what influencer or what uh person of interest that could market that from
an individual standpoint
would literally try and jump on that bus anyway.
So it was kind of like...
Like Roger Ver.
Right.
He boots on the ground stuff,
go into stores and set them those terminals
for Bitcoin Cash.
Yeah.
If you go to Korea,
what is it, like Korea and a few other places
where he frequented a lot,
like Bitcoin Cash is fairly popular.
Yeah, I would attribute that directly to Roger, right?
And probably whoever else he had that would help him out with some of that stuff.
What was that one?
Was it Sandkits?
Like he got Sandkits to adopt it like his legal tender or something like that, right?
And then that got spread around a little bit.
But for Litecoin, I mean, it'd be really, the last two
years, I would say since, I would say since probably the whole meme coin thing and Lester
and all that, and there was more attention brought to Litecoin. There were people that were in the
community who had wanted to figure out how to participate and bring more attention to it and
help market it, but they didn't really know where they fit in and how to do that.
And so in the last, I'd say, 18 months, there's been a few different discords
or telegram groups or even here on X or when it was Twitter,
groups that were created to where they could sort of mash their brains together and figure out how to do some marketing either for the handle,
and you'll see that from time to time, or outside of the handle on their own, and then the handle
would maybe amplify some of it. And so there is this groundswell of people that are into Litecoin who are now banding together and creating groups on Discord and Telegram and whatever else.
And they're actually figuring out how they can contribute.
We got some people now who are like, if you guys have ever used Glassnode or like IntoTheBlock and some of these other data-centric type sites,
those used to have more chains on them.
And like so Glassnode got rid of Litecoin altogether.
And that was probably the most, some of the best information you could get
for on-chain data anywhere, right?
And Into the Block did a good job until they, I think, pivoted to DeFi.
So then that's their main focus now.
And then there's a few others, but there's nothing super reliable.
Even like CoinMetrics pulls from, it's like an aggregator of information, right?
It's not its own source or anything.
It's pulling from other sources, even sources that don't provide the info anymore. So even if you look at like Zcash
or Monero or Litecoin and certain metrics or data on their site, it'll stop at like 2023 or something
because that's when like Glassnode would stop providing information on Litecoin or other sites stopped providing information on Zcash or Monero or whatever.
And so you can't use them, really, if you think about it, unless you're just looking for historical that's outside of 2024 and beyond.
you know, 2024 and beyond.
And so like some of the community members are wanting to provide a very thorough
data-centric dashboard on Litecoin and perhaps some that it could compare to
that are similar in what they're built for so that you can see all the different
data points that we used to be able to see on other sites.
And I think that's very helpful. And then there's, you know,
other ones that are trying to push for, uh, like we talked about, um,
earlier ordinals, um, cause there is a, you know,
a niche group of people that are into like NFTs and ordinals.
You got people who are trying to push forward on, uh, different, um,
projects that could be done or built on Litecoin
that maybe you didn't see from 2018 to 2023.
So I think there's a resurgence of it,
but it's like we're behind the eight ball,
behind a bunch of other projects that do that better at the moment.
projects that do that better at the moment.
Do you think crypto works in cycles?
In terms of price or in terms of narrative?
Yeah, see, there's different.
All of them.
I'm in that camp too.
You have different.
Yeah.
I guess let's start with price.
I mean, it seems like it works in cycles when it comes to price.
I would say so, yeah.
I would say there's, I mean, until it's proven otherwise, it's definitely working in cycles at this point.
How long have you been with, how long have you been with, with Litecoin? So I've been with
the foundation since February of 2018. Wow. So you've been, and, and how active have they,
have they always, how important was Twitter? Oh, it was very, it was very important.
I remember, so here's, here's a story about me. It's outside of the foundation. It was very important. I remember, so here's a story about me.
It's outside of the foundation.
It was probably about a month before I even joined as a volunteer at the foundation.
I was up north with my wife and it was right after, so 2017, you know, and going into the
very beginning of 2018 was the peak.
And then it started going down fairly quickly from there. All cryptos to that point,
but it was my first cycle. I didn't know any different. So I'm like, what's going on here?
But I was like, how could I help make a difference? What can I do? So I just tweeted
something about, hey, we should try and get Spotify to accept Litecoin as a payment.
And I had like 22 followers on Twitter.
I literally got a Twitter handle because I wanted to follow John McAfee because he was the CEO of this little penny stock company that I had bought some stock in.
Because he talked about using the company for Bitcoin mining. So that's why I created a Twitter handle. I didn't
do it for any other reason, but I, but so I only had like some friends and family that were following
me or whatever. And I said, we should do something talking to the nothing verse, right? Cause none of
None of my family or friends were into crypto.
my family or friends were into crypto. So I'm just talking to nobody basically, but I'm like,
So I'm just talking to nobody basically.
But I'm like, we should have Spotify except Litecoin as payment.
And Charlie and a few others liked the tweet.
And I think by the time I got home from driving down up north from Wisconsin
to where I was living near Madison, had gotten like 2200 likes and I
was like I don't even understand what happened because I was still trying to figure out Twitter
so I was like this is good what's going on here and so then I was like man this stuff really works
right and I was a nobody um and so that's just sort of charged my battery to do even more so then the next month some guys that
I knew were asking Charlie how they could help bring more attention to Litecoin because this is
where communities are stronger still right like it was about hey how can we do something because
you didn't have a lot of centralized projects where you could follow them and you know support
them or whatever but you're not going to be the one really doing anything.
They had their own marketing.
They had their own efforts.
They had their own everything.
But decentralized cryptos were still very much a thing in 2017 and the start of 2018.
And so community is what drove it, right?
Like you were mentioning earlier, there was people in Bitcoin, it seemed like it was always getting handed off to spokespeople, or at least there was a lot of community trying to circle around specific things that they felt would be beneficial for crypto as a whole or for Bitcoin, whatever.
And it was like that with Litecoin too at that time.
and I just happened to volunteer with these other guys,
these other four guys, and I just DM'd Charlie,
and I just asked, you know, I'd like to join this Slack
they're talking about and volunteer too,
and if you're okay with having me, I'd like to do it.
And so then he just asked for my email,
and then he sent me the invite, and the rest is history.
And I just sat there on this Slack channel for like the first month and didn't
really say much of anything because these were guys that were developers and
they were very technical in the stuff that they did.
And I didn't really know where I fit in. Right. And, uh,
so over time, you know, that like when you join things,
usually 80% of them at some point are going to fall off. And the ones that are really diehard
into it will stick around and find a way to be relevant or whatever. And so that's what I did.
I was, I was trying to figure out where I fit in, but I didn't want to sound like an idiot either.
Um, so I just sat tight for a while and I learned people's personalities. I learned
how they, you know, how they were speaking about certain things, what were, what was of interest
to the group that was on there. Cause this is the beginning of the foundation, right? Like
the Light Queen Foundation is the second iteration of an attempt to have some sort of entity that would help promote
sort of corral certain things so that they'd be able to come into an existence like a point
a central point where maybe like companies or projects could reach out and say hey how can we
do this with light coin or add light coin to this or whatever? It'll be a resource, right?
And so after about a month or so, I was just like,
I noticed there were like all these conferences popping up
and I was just like, you know, can you guys ever done a conference before?
And they were like, no, but that sounds like a really cool idea.
And then they were like, do you want to head it?
And I was like uh
sure and you know i mean i'd been in parts of planning conferences before i'd done it in the military so it wasn't like new to me but there is a big difference between a conference that's held
for a captive audience you know is going to be there you know the amount of people that are going to be there and you know like the regiment of it and
everything especially in the military versus a crypto conference which was like remember 2017
or 18 if you were there during that time it's still very degen in nature it was still very like
eccentric you had like a lot of creativity you had people from all types of
different fringes coming together and mixing together in some cause that was so unique
and gravitating that like they didn't care being around people they wouldn't normally have been
around otherwise right so that's a big difference between the two but
that's how i got started was i just volunteered and for the first eight months i was there like
there's no pay there was no i didn't expect any pay there wasn't anything
like that to even talk about it was just because you wanted to be there and you wanted to find a way to be a part of something
bigger than yourself.
So I think that's, some of that gut
is missing now, right?
And not just,
you know, you could say
to some degree with Litecoin,
but there's a lot of community members
that just like to be in the background.
They like to do stuff, right? They don't want the attention
or whatever. But I think if you were to go down project by project you would see that unless
somebody's really kind of looking for attention they're not they're not pushing outside
to say hey look everybody let's go hit you know 100 stores this weekend in this city and get them
to adopt you know bitcoin. That movement is just,
it's not there anymore. That's why you're seeing some of these OG cafes and other places close
down or they're just not concentrating on that anymore. I think there was one in Europe now
that just happened this week. It's very sad. You're not seeing that as much anymore. It's become
right um you're not seeing that as much anymore it's become very corporate and it's become very
um governmentalized now it's become very institutionalized and and things that are
part of our normal life it's just sort of blended into that and it's not this unique
paradigm shifting potential big fat middle finger to the rest of the world kind of movement
that it used to be and i think if we can kind of stir some of that back up in some people's loins
i think that's where we can see some some more of that individuality come out that used to be there
that we really really need you know i just think we can't get consolidation into anything and we're already
chasing the new shiny object and it gets lower and lower and lower and lower
yeah i would agree with that and i don't even know how you would get people onboarded to crypto
anymore you just come here and then just try to convert them to whatever you're doing is what seems to be the trend now.
Yeah, pretty much.
And it's just everybody in a room shouting at each other to pay attention to what they're doing and be on the same side for what they're shouting about.
And then it just turns into noise.
He's talking about signal versus the noise and stuff, and then it just turns into noise you know he's talking about
signal versus the noise and stuff and it really just turns into noise and then when you start
adding you know a lot of a lot of money into it and the potential for life-changing money
which more and more becomes like a lottery ticket at this point you know or like anything tied to you know gambling or whatever
else it's really like you you could you could hit you could hit on something and there's nothing
wrong with you hitting on it and but i mean like is that sustainable for a entire market space no
so then where where do you like would you go out and trumpet that to
the streets and have like meetups on how to get rich uh off of you know um poly market bets or
whatever else i mean i just i don't know i don't it doesn't have the same vibe to it the same
the same call it dgen call it whatever you want i don't care
but the same vibe that there used to be and i don't know how to replicate that or bring you
know revive that in a way to where it's legitimate and it's real and it's genuine
maybe that time's gone
i mean we don't have it's it's different? Like, we're just talking about, you know, Roger
Bair and, you know, these folks used to be more boots on the ground actually building,
you know, the centralized exchanges and people building, you know, these platforms that utilize,
you know, Bitcoin and really consolidating around really a few and going on top of that. Also,
people are taking some stupid risk you know a lot
of people got arrested and are still in prison um i don't think people are down to put that type of
work in right now um into anything like long term and that's why we see rotation happening
um on kind of like said, like gambling.
It's more of a gambling versus investment thing where people are trying to build something
and, like you said, give the middle finger
to the institutions to try to do something
that may or may not be legal to test the waters.
It's not a thing anymore.
People don't do that stuff.
And I don't feel like that's going to come back for a little while until things like really change.
And that's the mass dilution that we're seeing.
It's just people not doing that stuff, but doing all the gambling stuff instead.
Yeah, and it's pretty heavy in the U.S. for sure.
I can't speak for other countries because I haven't really, you know, delved too much into it, but I can tell you from,
from my experience, uh, being an old fart at this point, um, that, uh, I have never seen
our country be so distracted by the things that are least important in their lives as they are now
and it's a reflection it reflects in everything that we have and everything that we do
right even crypto we're so distracted by the little things
and all the shiny objects and everything else that we really don't even probably comprehend
what we could be doing in this space and everything that we do in life, right?
And so gambling is just another layer on top of this really sick body that we have over here in the corner
that we're calling the United States at this point.
And I think until we're able to clear out some of that,
it's just going to continue to get worse,
and it's just going to permeate through every facet of society.
It's just like newspapers.
Again, I said I'm an old fart.
So, you know, I still remember reading the sports section out of the newspaper.
That's when I would find out box scores and whatever else, right?
When ESPN came along, it was like a cheat code or something.
I was like, holy crap, I can literally watch the scores as they're happening and stuff.
This is amazing.
But back in the day, it was like you waited for the newspaper the next morning to read the box scores and all this other stuff.
And there was actually a good element to this slower pace, this more deliberate pace to life.
Um, it wasn't all bad, right?
Um, speed isn't always necessarily the best thing.
Um, instinct gratification is never, almost never the best thing for you.
Um, but our society is literally pivoted from things that would benefit it because it took time and it
was built right or it was done right or whatever for instant gratification and the ability to have
things maybe we don't even necessarily deserve at the moment but we can sure as hell credit it
and then next thing you know we got it we'll just kick that can down the road later and take care of the debt when we need to kind of a thing.
And that's both at a governmental level as well as a personal level. And I think you see that in
everything now. So when you look at the space, the way it is, you're literally looking at
the mindset of the general public, right?
Some of that's fed to us, but we accept it.
And if we accept it, it becomes reality.
So this is a reality we live in.
So until we stop accepting it, you know,
that's what's going to continue to happen.
Yeah.
I feel like that's the clarity act. clarity act sorry i'm gonna tap into that
from a personal level or from from like like like coins perspective kind of thing i guess both
what do you think is going to happen if that um you know goes into effect
So I think, so from a Litecoin perspective, I'll do that one because it's a little bit
so i think
easier. It doesn't affect it because it's, you know, the governments basically identified
it as a commodity. So early on it was through the CFTC and others it was identified as a commodity. So early on, it was through the CFTC and others, it was identified as
a commodity. So the Clarity Act itself really doesn't change anything with how it's already
been identified within that structure. But if anything, it's going to affect
newer projects and projects that don't have the benefit of the doubt of time on their side and
other elements right so it gives litecoin an advantage in that manner
but i think other than that it really doesn't define Litecoin. It doesn't do anything different for it.
From a personal perspective, I think there's always regulatory parameters
that probably could be in place for things.
I don't like it when the government overreaches and tries to dictate
things that maybe aren't necessarily governmental. But if they do, I would think the last thing
they're going to do is confer with banks. Why are you conferring with banks on whether you know like man you're going to get me
on a rant that's totally
I think lobbying is the
biggest freaking
scam
that I've
ever seen in governmental
practices it is the worst thing
it is literally
this thing that just should
not be there
you know I mean the whole politics of our country.
What's that?
We're not like really voting.
It makes it pointless.
No, you're basically like, depending on which side you take, as far as even if voting is legitimate or not at this point.
this point um um you're you know if you are voting and and if you firmly believe that the
votes are being counted properly and everything is the way it's supposed to be then you're voting
for someone who comes in and gets swayed by other forces that you had no voting right into and that
they have very much a corporate and financial interest
to see certain things put into law or not put into law or whatever else.
And the moment corporations have the amount of influence
to literally sway how someone votes for something that's supposed to be
for the good of the entirety of the nation,
that is the good of the entirety of the nation. That's literally, that is the definition of
corrupt. You may or may not agree with me, but to me, that's corrupt.
So, yeah, so even the Clarity Act, I mean, we could say it's an act that gets passed and
whatever else, and it's going to bring some regulatory clarity to everything. But at the end of the day, it was also influenced by actors in multiple layers of what we call how,
how the government comes to a vote for something now.
So for someone like me, what do you recommend just stay on twitter and
onboard people from here or go out and try to onboard people in the real world
yeah it's interesting um i've been able to onboard people, but I will tell you the first, what is it, probably a year I was trying to do it, it wasn't very easy.
The easiest, the lowest hanging fruit was probably waitresses.
People that were probably curious were asking me questions first. Those are the most successful at the beginning.
As time has gone by, I believe that you start seeing more businesses, people of a certain
stature or level of involvement in in either government or whatever else start
becoming more and more interested and speak vocally about it themselves which makes it easier for
someone like me to to walk into uh into a store and ask them if they'd be willing to accept crypto
plus i think the methods of acceptance have changed too.
Back when I first started, you were literally trying to convince them to accept Litecoin or Bitcoin.
And how are they going to convert it into dollars?
Because that's what most of them want to do, is convert it immediately.
They don't even want to touch crypto.
If they were going to even consider doing it,
they weren't looking to hold it.
They weren't looking to even have it brush past them.
They wanted to have fiat.
And that's the beginning, right? So at 2017, 2018, you're talking about like,
I mean, there were some payment some payment processor options but they were very
limited and um they weren't necessarily on the payment processing
resources or apparatus that most stores were using right um so over time cl Clover was you were able to download stuff on the Clover to where you could actually accept crypto that way.
So after that happened, then you could at least when I would go into a store, I would look to see what kind of a payment processing apparatus they had in the front there.
And then I would if I saw a Clover system, I would say, did you know that you could actually accept crypto here?
I would come more often and actually use my crypto to pay for stuff in your store if you actually changed it to where I could use crypto there.
Stuff like that, right?
Now, and then over time, then you could have debit cards.
Debit cards started having crypto payments on it, right?
First, it started that you'd have to send the crypto to the debit card,
and it would automatically change it to dollars, and then you could spend it.
And then over time, it graduated to where you could hold the crypto on the card
hold the crypto on the card until you were ready to pay.
until you were ready to pay.
And I think now you're seeing MasterCard and Visa,
of course, they see the benefit in using stable coins
and maybe even their own stable coin
because anyone who creates a stable coin or issues it
is making money off of that, right?
So that's why everybody's running to create their own stablecoins.
Because there's money to be made.
Otherwise, they wouldn't be doing it.
It's not because they may fully even believe that crypto is the way to go.
They see an opportunity for another revenue stream.
That's how business people work.
So over time, you learn that, okay, in order to speak business people,
you need to speak about how this is going to benefit them from a financial perspective and stop the ideology talk because they don't care.
Most don't care.
You have some that do, but most don't care.
All they care about is how do I raise my balance sheet to a higher number at the end of the day?
If you can show them how to do that and that there's an audience out there that's willing to make it worth their while, then they're willing to add it.
So I would say, you know, maybe doing the grassroots thing is the way to go back to it.
I don't see as many meetups either as I used to.
And, you know, this whole tribalistic bullshit where it's like one, it one crypto and that you know that's the meetup
is so it's dead like that that needs to stop if we want to have a vibrant strong crypto
you know space in general we need to be able to have meetups that aren't tribalistic they're not exclusive they're not
you know this thing where if you come in and you ask a question as a new person
that you're getting you know admonished or you're like there's there's things that need
to change in that culture some of them are very welcoming i i know of some of them, like even in Vegas and others that are very welcoming, right? And they're very beneficial. But I have seen others where it's like,
I mean, it used to be so vibrant, you'd have 100 people showing up on a Tuesday at a bar,
and you're having a crypto meetup. And I don't know if that happens anymore like that.
I don't know if that happens anymore like that, you know,
because now it's about how much am I making off of my,
you know, my investments. It's not so much about the movement.
It's about how much I'm making personally.
What are you saying? Like, cause we have like Salon salon a breakpoint and bmb week you think that
it should be just inclusive to all blockchains well i understand why they have them especially
when it's like at that you live in Denver, right?
And you want to go to a meetup related to crypto or whatever.
You know, is it a healthy environment to have good meetups?
Or is it going to end up being like the guy that runs the crypto meeting is pretty much an ETH head.
And he wants to really sort of just focus
on things that are tied to Ethereum. And those are the people he's asking to come and be a part
of it or that's how he's promoting it or whatever else. How many people you think are going to show
up versus if it was all inclusive crypto and the moment someone speaks something about a crypto that you don't really have any invested interest in is getting spoken down to then, I mean, those meetups don't last very long.
like not being driven by the ones who issued the crypto
or heavily involved in it from above the community standpoint.
Those are those.
Those are theirs, right?
I'm talking about people initiating these meetups.
People are the ones directing them.
People are the ones attending them that are not tied to a Solana or a Ripple or whatever else. These are people who genuinely
are interested in it, but don't have a financial stake in it the same way that somebody who's a
part of the company does.
That's kind of like spaces, I feel like.
I question you. Yeah, yeah.
We went to the Dubai place,
they have B&B Week and Breakpoint in Abu Dhabi in December.
And then I just questioned, I was like,
man, I probably can network better on Twitter,
but I still know how to get people to Twitter.
Like there's an actual problem
of getting people to this app,
but I think that's like,
this is the communication for us,
and if we're getting no new people to this app,
it's like really becoming a dead end.
The whole...
Do you want the marketing funnel to Twitter spaces?
Well, I don't know how many people are joining...
I don't know how many people are joining the app and i'm
i'm like this was the app that you got to onboard them i think this was the app that
onboarded a lot of people to crypto in some way street teams and guerrilla marketing and part of
it is getting signups or getting them onto twitter and telling them about it well now we can just create our ears
the problem is we don't really get a big movement anymore we get like
very fractionalized small movements it's like why would i want to help you when i can just help this over there or you know you it's like everyone can now be a coin it's now we get now we get no type
of movement now no type of a consolidation.
And then not only that, there's like another coin springing up.
So the little consolidation we do, it just gets immediately fractionalized into the next thing.
Because, oh, well, look at this one.
This one has, you know, half the market cap.
And I'm just going to rotate into that.
Most normies, bro, don't have exposure like that.
They don't know what the fuck's going on in the space. It's like 12-year-olds that are on TikTok and PumpFun and shit. Every normie you talk to, they don't know what the fuck's going on in the space it's like 12 year olds that like are on tiktok and pump fun and shit every normie you talk to they don't know what the
fuck is going on they're not and they didn't get in monad and rotate to something else
you could if you do irl marketing you can onboard people and that'd be a whole new influx of normies
untapped we did it mike in chicago
okay i was gonna add that's actually what I found is the best thing is out
there now I mean it's just the dilution on X and with what's going on with like
pump fun and Solana it's like you know every single person is a coin essentially
and so yeah I think it's a lot of younger kids and I can say my 40s now a
lot of younger kids that are just spitting up a token
multiple times a day.
But when you meet up with people,
like my wife and I, we actually host meetups here in Chicago.
And most of the people don't even do that,
participate in that stuff.
You know, they're professionals,
you know, usually older family grouts.
Yeah, and then they're like,
they're talking about stuff.
They don't, they're not a pump fund or no other shit.
When you talk to them, it's like, oh like oh this is cool we'll host classes on like you
know how do you what's liquidity and what's the decks and talk about like you know tunga works
at chain link and just talking about like what's going on in the markets and it's a different world
entirely you know it's like we have like you know byo beer you bring a beer or play monopoly with
coins or you know talk about a different topic because you can't great no one
would onboard anyone they love or care about or even just don't hate slightly to fucking pump fun
because you can't just onboard someone and be like here here you go this is the app good luck have
fun they're gonna get cooked right even someone with experience gets cooked every single day
so I I have to believe that word of mouth is not a marketing tool of pump fun it's
just viral like kick 12 year old to fucking 21 year old maybe right and then a few people older
who are successful but no you throw a rock outside no one's gonna know what the fuck it is
no one's dude a lot of people don't even know what solana is still and it's everywhere
like there really is a huge opportunity it's just again devs you should dev you don't do
marketing like don't hire fucking marketing agencies from web2 because they don't actually
have experience they're just fucking hiring kols like do real life shit
yeah i think that's really where it's at i mean i mean there are not saying against one sales guy
going to order to put light coin at every fucking point of sale.
You could do shit like that.
Yeah.
I mean, I think going back to what Roger Ver was doing back in the day,
if anyone's been around that long, is kind of where it's at right now.
That's big adoption.
But that's door-to-door stuff.
That's boots on the ground.
Talking to people.
You told a little more about a global... That's door-to-door stuff. That's boots on the ground. Talking to people. It's just... You can't work on X.
At a nationwide campaign, like an activation in like five major cities or something, bro,
it's still cheaper than hiring fucking five KOLs.
Promise.
That's the thing too, man.
The difference in money for like what people pay on X for for KOLs versus actually some kids at school, at a college
university to do things.
It's dramatically different.
And perceived ROI against real tangible KPIs and ROI.
You hire the KOLs and shit, they're just going to simulate volume because they all got money,
but it'll be like six users doing like millions in volume rather than onboarding
you know hundreds of thousands of users it just doesn't it doesn't make sense
so at one point i made a flyer that i would hand out um i don't know if everybody anybody's ever
been to uh to madison wisconsin but there's a there's a street down by the university here uw madison
it's called state street and it's just that was the place to go right and that's like you had
people playing on the sidewalks their music instruments it was like all kinds of stuff
going on there and i would just walk down with like a flyer some sort of informational one
pager that you could hand out to people um about and at that time like I said it was Bitcoin and Litecoin and I would hand it
out and explain what it was and like you had more curious people and just walking one side of that
long state street going up and down you'd have more interesting conversations and questions than i would get on a full week of
being on twitter right so i agree with you like that just and it you didn't you didn't need to
like spend a lot of time i tell my hey i'm going to the mall i'm going to try and get at least one
store to accept like whatever i'll be back later i did those those little like uh like pop-up
ambassador and
like manage teams like before i was in crypto and stuff like that's like for xbox for walmart for
bud light like for a bunch of different brands like that shit works it seems like you're doing
one off like one at a time but you got you know a couple people at a booth or at a table or doing
a little pop event handing out swag like that there's like rollover roi there you know i mean
and again brand recognition like alex said earlier is key you just keep seeing that light coin logo
light coin logo and then it comes down to a money coin or fucking monad they're like what the fuck
is monad you know they've never seen it before yeah you're on the street yeah i agree
it's just so much this is a different level of like personal touch when you're actually talking
to someone and looking at them and then you're just explaining to them what crypto is and then
they become curious it's it's a lot yeah i prefer it in person yeah like the mid-range shot
yeah two points is two points right it's also my favorite yeah yeah
yeah for anybody who doesn't understand that like a mid-range shot in basketball is
is basically a lost art at this point it's either a dunk or it's a three-point shot and that's it
there's no there's no in between and those those mid-range shots were actually a higher percentage
than the three-pointers.
Kobe, yep.
Yeah.
So it's really interesting.
We've gone from mid-range shots in crypto
to everybody thinks they can make it from half court kind of a thing.
Yeah, it's like chuck it from half court or shut it down.
It didn't work. Wrap it up.
Yeah, yeah.
Or like Mike Judge on the Yan yankees home run or strike
out yeah this is a baffling shut it down like you see so many things that run for like a day
and then it's dead i'm like it's been a day like you guys like didn't try right some of these teams
like oh you guys it didn't work out on ct god bless like you know what i mean like it's like
not the end of
the world there's so much more you could do i don't think there's been a steph curry like meta change
um you know like the two-pointer to the three-pointer in crypto i think it's so
i it's still experimental and if anything it left a bad sour taste in uh just retails just like the
kid when you play pickup basketball who thinks he's Steph Curry and he wears a headband, Rain Man hits the top of the backboard. Everyone thinks
they're Steph Curry, bro. Right. You just got to understand there's a generational talent every
now and then. But with Litecoin, I look at its survivability. And just to be preaching that
longevity and to why the longevity
is lasted i just think educating retail and educating people is a lost art you know it's
definitely been lost in this space i don't remember the last time people were teaching
people about shit 100 years ago yeah 100 you know that's where i've noticed the biggest change after
taking a five-year break, coming back to it.
It's not about talking about, okay, where's the future going?
Storage of power.
When David came up here, initially he was talking about the creature of Jekyll Island.
The foundation of crypto was decentralized, right?
In 1913, the centralized banking system came into play. And we are suffering as a society having an overarching amount of power centralized, making decisions behind closed doors to benefit very few.
And that's what Bitcoin was.
That's what Litecoin was.
That was a philosophical, almost like a libertarian approach to the financial infrastructure.
libertarian approach to the financial infrastructure. And I just really would love to see that breath
of fresh air once again breathed back into the crypto conversation.
Yeah, I remember the way I actually sold my parents and half the block they live on
And half the block they live on, on Decrypto, was literally about the Federal Reserve and, you know, the behemoth that we're dealing with now and the problem that just go to, you know, 1971.
And you would ask these, you know,
these are people that are probably anywhere between 45 and 80 years old.
Right.
So they've been around for a long time.
You have to remember they're also,
a lot of them are just sort of like they've been along for the ride.
You know, the system has treated them well. They're along for the ride. The system has treated them well.
They're along for the ride.
They've trusted what the government tells them.
They've trusted what the schools have told them, so on and so forth.
And most of them didn't even know that the dollar was no longer backed by gold.
Right?
So here I am actually educating them from a historical perspective first
because it makes no use to be telling them about what light coin does or what bitcoin does
if they don't understand the predicament that we're in as a society when all of our value is basically based off of ious and not backed by anything except the
government telling me because i say so right that's literally like the definition of fiat is
because i tell you it's worth this and i'm the one controlling it then that's what it's worth
right there's no actual value what we're doing is you know most of the the money and uh i would say oh
yeah just most of the money in general is sitting in uh the boomers pockets and if we don't sit there
sit here and educate them that hey you know the reason why you're having a bad fever dream every 10 years, 20 years financially, like you said, from the gold standard, and obviously we have to go turn it into the petrodollar, things of these natures, it is a flawed system.
And the boomers have to be educated.
I don't want us to wait 20, 30 years in order for that transfer of wealth to happen.
I think it can happen slowly but surely boots on ground.
And if people just have the right intention and yeah, just educate them, educate your parents, not just say, hey, jump at this shiny coin.
It's going to 20x. Hey, by the way, this is a storage of value.
This is kind of a counter to what's currently happening in the world if you don't like what's happening i think that this would be a very smart
play and just learn to sit on it for 10 years type of thing yeah i would agree with that i would
agree with that i think appealing appealing to their survival nature and not just for them, but like for their generations,
they're coming after them. Like a lot of them, you know, most grandparents care very dearly for
their, their grandchildren and their children and you know, what happens after that. And so if
you're able to explain to them over time, a dollar is now worth two cents technically um if you were to look at
it because the devaluation of the dollar over the time it's come you know the current version of the
dollar that's come um you know there's you can do something about that you don't have to just go oh
well that's the government's responsibility or whatever else there's ways to do that now as an individual i mean most of them don't even realize that like
there used to be all kinds of different currencies in the united states before it was all consolidated
into one federal note right like you anywhere you went you went to a territory they had a form of
currency you went to a different state they had a, like there was so many, right?
They don't even know that part of the history.
They couldn't tell you about the creation of the Federal Reserve that literally drives the dollar that we have today.
How does that even function?
You know, they can't tell you, right?
Because they never needed, they didn't need to know or care, right?
They just know.
Because their life their life
quality stayed the same correct correct yeah i don't know about you guys but i have i have four
children i they're all adults at this point but my youngest one is 23 my And I feel so helpless in trying to help them not get sucked up
into what seems like a very hopeless financial predicament for everybody.
You see it happening in front of you.
It's the frog sitting in the boiling pot type of thing and they
just you just constantly just turn that knob just a little bit the frog never notices
and at some point the frog just dies because it's in boiling water right and it's like that
now you got you got to the point where people aren't going to be able to afford homes they're
going to start be able to afford condominiums and townhouses and apartments. And at some point, they're not going to be able to afford to buy those.
And that's why you see massive apartment complexes being built everywhere, right? Because that's
going to become the norm at some point. And you're going to be bragging about your 1500 square foot
apartment or townhouse versus, you know, you had people that, and you know, there, there was an
age of excess too, where people are like building 4,000, 5,000, 6,000 square foot homes, because
they could right now, it's going to get to the point where you can't even afford to buy
the normal starter home that families used to be able to get.
The average age right now for first-time homebuyers is 40.
Yeah, exactly. You have a younger generation asking, hey, what's the point of even trying?
In order for you to further and scale out your life, you have a system that is normalizing,
taking on debt. And you're normalizing at a very young age, hey, you're 18 years old.
You have to make a decision right now what you want to do for the rest of your life.
And I think we can all sit here right now.
We lived a lot of life and we understand life's not that simple.
You're going to realize your strengths later on in life.
And when you have a financial structure that locks you into a singular idea,
and maybe that idea is going away. I think we all understand that artificial intelligence is
going to change the entire landscape of jobs. And I think a lot of jobs that are currently on the
market right now, it's actually hitting the financial sector first.
There's not a lot of first job listings.
And I think 99, 90% of people have no idea
what's coming around the bend.
And that financial sovereignty
can't be any more important than it is right now.
Well, look at the buy now, pay later, all of that.
The generation is not learning how to save.
It's, I get what I want now and, you know, pay for it later.
And that's going to go.
We have a private credit crisis.
We don't want to talk about it.
There's 2.7 trillion of IOUs just in, you know, consumers, right?
People that are using and maxing out their credit cards.
You know, I live right next to a really nice mall.
People are walking out of Hermes, Louis Vuitton, and I'm sitting there being like, okay, you know, maybe you are that successful.
But, you know, it's one of those things where this IOU thing, it's going to bite people in the butt.
And when that day comes, who's going to bail them out, right?
Only going to hurt the dollar more.
I think a perfect picture of that too is if you see, if you drive through certain neighborhoods where the homes could use some TLC, right? But they have an Escalade sitting out front,
a brand new Escalade that tells you a number of things, but it's very prominent. It's not like,
you know, abnormal. I've been driving all around the country the last few years, and you see it everywhere.
There's a perception of where value lies that is very skewed.
Well, David, we're no longer called the American citizen.
We're called the American consumer.
Yeah, consumerism reigns.
So it's like that's where the direction goes it's where the
attention goes and my I think my daughters have struggled the most probably with that and
are just realizing now how important it is to be very, very on top of your budget.
Understand,
like I've had this talk with all of them,
but I mean,
when people are young,
I can,
I was the same way.
People are young.
They have their own ideas of how things work.
And I mean,
they take some of it in and some of it,
they kind of throw to the side.
But like,
I always told them,
I'm like,
whatever you're making,
you live off of 75% of it.
Don't live off of a hundred percent of it. You never should. Matter of fact, if you can pull off living live off of 75% of it. Don't live off of 100% of it.
You never should.
Matter of fact, if you can pull off living off half of what you make, do that.
Yeah, that is best.
Yeah, because even if something bad happens, at least you're prepared for that.
But if nothing bad happens, my gosh, you're going to be doing much better than you ever thought you were going to be.
Yeah, you'll have that dry powder ready for that opportunity around the corner.
Yeah, whatever that might be.
Right. I think a lot of people kick themselves.
I don't know how many cycles everybody has been around,
but when you see that Bitcoin at $39K, $49K, Litecoin,
you've sat back and you've realized you're spending
and the opportunity that flew by you.
And the biggest thing is, is we're going to have an incredible opportunity that's right around the
bend. I think, you know, the dot com boom, you know, you were talking about just the consumerism,
but, you know, the banks were very smart. The lenders were very smart with how they kind of, the verbiage around lending, right?
You had prime and subprime.
And that caught a lot of people off guard in 2008.
And there's something coming.
And you touched on it the previous time you jumped up here that, you know, it is a dot-com situation we're going to have.
And, you know, you better, who would have known, you know, what that eBay would have survived the dot coms.
But there's going to be five or six of these that are going to push through.
And you got to pick your blue chips.
You got to pick your litecoins.
You got to pick your bitcoins.
And you got to have that conviction. and not spending your rent money on meme coins
that too
what's the biggest application on litecoin
oh you mean like um like built on top of it or something?
Yeah, is there
something known for Litecoin?
Well, I mean, that's sort of like what
the Layer 2 is going to be doing.
Anything that
you're speaking of,
that'll come to fruition here
in the late spring, early summer through that.
Otherwise, basically, like the biggest thing that's happened on Litecoin over the last few years is when we added the optionally private addresses.
Right. It's a very basic level of just, you know, putting some sort of a like, I'm trying to remember how Charlie put it.
He's like, either you can live in a glass house where they can see everything you're doing, or you live in a house where there's no windows whatsoever, but neither one of those is ideal for living in.
Technically, you want a house that has walls where you can't see and then also windows right and you can always
put shades over the windows and then open them whenever you want and that that is what mweb
addresses are for litecoin you're able to have windows in your house you're also able to have windows in your house. You're also able to have walls, but you can have shades that you can pull back or open anytime you want.
And those addresses, there's nothing complicated to them.
It's just an address that you can move your Litecoin from a regular Litecoin address that's transparent to the public, right?
The regular ledger to these MWeb addresses that hides the total.
And then hides the total that's being sent from one MWeb address to another,
except to the sender and the receiver. And so it's just obfuscating it. And then you can always
send it back to regular Litecoin addresses. And you can send from a regular Litecoin address to
an MWeb address and vice versa. So there's no heavy technical thing that needs to happen.
You don't have to pull a bunch of switches and there's four steps to it or whatever.
That has been the most critical change to Litecoin over the last few years. And it was just a soft fork that allowed an extension block to be created every time a regular block was created.
So it's not technically in the base code.
And the beginning of every block, and I think I mentioned this last time I was on here,
the beginning of every block is your Coinbase reward. That's the term for the reward that gets sent to the miners
for opening up the block. And the last transaction for every Litecoin block is the Mweb transaction
where the extension block sends back to the base block the total amount of Litecoin that's sitting in Mweb addresses and that's it. So it added a lot of extra space
when Mweb addresses are interacting and sending and receiving that's not clogging up the network
right because it's sent back as a total number of Litecoin that were in MWeb addresses at the end of every block and that's it.
So once this layer 2 comes out and you're able to have all the other things that happen with other chains,
you can start having chain interoperability and all this other fun stuff that's going on built on top of Litecoin.
There's an inherent obfuscation tool already there in Mweb addresses that helps, let's say, if institutions or businesses or people want to have their Litecoin sitting
in an address that everybody can't see every freaking transaction that's ever happened
every freaking transaction that's ever happened on it and the total that's sitting in there right now
on it and the total that's sitting in there right now.
to me that's much more important than a lot of the other things that maybe it's not minimizing
anything else that's being done but to me that's a much more important thing long term for reality
um to be excited about then you know maybe another new game that's built on top of a
of a different uh chain
uh hey hey guys hi david and alex what's up man how you doing i Yeah. I just want to add on top of that. One of the things that I got
really excited about over the last couple of years was this, this bounty that you guys had for a BTC
pay server. I don't know if anyone here is familiar with it, but BTC pay server is a,
it's a really comprehensive point of sale device for businesses the business can use
to accept crypto kind of like bit pay but in a fully self-sovereign way essentially you're
running your own node but the front end is super user-friendly and it has a whole bunch of built-in
tools for your accountants and bookkeepers and whatnot. Anyhow, so yeah, Litecoin started this bounty
to build an MWeb plugin for it.
And so that was like a couple years ago now.
And at this point, they have it running,
and it's quite nice.
If anyone is so inclined to play with it on GitHub, it's pretty easy to set
up. Basically need something like a Raspberry Pi 5 and then you can set up your own BTC
pay server node. And if you're a technical person and you want to onboard people, you
guys are talking about boots on the ground and whatnot. This is an excellent tool for that.
You can basically host your own node
and onboard businesses in your neighborhood
to start accepting crypto.
Not just Bitcoin, it's called BTC Pay Server.
But the devs there did enable other cryptos
to add on plugins.
And yeah, the MWeb plugin works really nicely.
They accept Doge there as well and a whole bunch of other stuff.
But I think MWeb is the best privacy-enabled implementation.
There are plugins for Monero and Zcash,
but they're a little bit more finicky
and a little bit heavier on the processing side and don't play well with other coins.
So you can't necessarily have one BTC pay server running Monero and Bitcoin nodes.
You'll need individual ones for Monero and Zcash.
Whereas with Litecoin, yeah, you can have Litecoin, Bitcoin, I think ETH Classic, Doge, whatever, a bunch of other stuff.
And Shapeshift.
It's just a really cool thing.
It helps keep the Litecoin that's been shielded with MWeb in the shielded MWeb ecosystem,
helping that MWeb balance stay elevated,
help it grow.
And yeah, I mean, like I said,
it's pretty accessible,
but it does take some know-how to set up.
But if you have someone who's technical and who can
market it to people in their neighborhoods right to onboard someone
is pretty simple basically send them a link or an email they sign up they log
on to your server and then they can create their store add their wallet and basically use your node to transact with other people.
And it's done in such a way that it's very secure.
It's very safe.
You know, the server owner doesn't have visibility into the merchant's balances.
And yeah, even from like in terms of security perspective,
like web security, if you want to keep it open
for like web stores and, you know,
check out carts on web pages.
There's a bunch of, actually,
there's a bunch of merchants that use it.
There's, what was that?
NanoGPT uses it.
I don't know if you guys are familiar with that application,
but it's basically an agentic agent tool.
You can use a whole bunch of tools, Gen.AI tools, you know,
with crypto without having to log on um you can do it in
an anonymous way and they use btc pay server in the back end to uh to provide you with credits
yeah i'd like to mention on the uh the bounty program part that you talked about that funded that so if anybody's curious um there's a website just lightcoin.com if you just go to
lightcoin.com and you just kind of snoop around a little bit there's an area there talks about resources and and you know the foundation um it
shows the people that are helping to run things at the foundation there including myself but one
of the things that's you can get through to that is uh is this bounty program and basically what
that's done is because as i mentioned earlier the foundation itself doesn't really
hold a treasury and you know there's a lot of things that some centralized projects and others
can do that we can't so again the community usually pulls through and is able to help do
some things like fund to fund stuff so one of the things that funded was actually implementing Mweb on Litecoin
and other projects like the BTC pay server and others. So if you go there and you look,
you can see all these different projects that have been filtered through a selection process
that we've put out there to where people can donate to them. Cause I mean, if we didn't filter them, you'd have somebody like we've had people in the past who have put in
proposals for being added to the bounty program so they can get down donations
for like Nick's college fund, you know?
Or I'd like to go to the movies this Wednesday.
Somebody needs to pay for it fund, you know,
all kinds of different stuff that has really literally nothing to do with crypto or Litecoin. So we
filter all that kind of stuff out and figure out what, you know, the community might find
important or what really sort of we think would make an impact for Litecoin as a whole,
and then put that into the bounty program and people can donate to those things specifically. But yeah, Litecoin.com, if you're interested to learn more about Litecoin
specifically. And if you want to try and download a node, which is very easy to do, a node,
you can do that through Litecoin.org. And those nodes automatically, you can generate MWeb addresses
for yourself there. Or you could just use one of the wallets that actually has MWeb addresses
already integrated into it. So there's Nexus Wallet. That's a native Litecoin wallet that's
funded by the foundation. And then there's Cake Wallet, which if anybody's into Bitcoin or Monero or anything with privacy, Cake Wallet is a champion for Litecoin and others.
I have a good thing about Cake.
Yeah, Cake Wallet is awesome, man.
And Vic, that whole team, Vic, the founder of it, and everybody that works there are just really, really into it for the right reasons.
really into it for the right reasons.
So that'd be another one.
So that'd be another one.
Stack Wallet is another, I believe,
that has the MWAB addresses to it as well.
So Nexus Wallet, Cake Wallet, Stack Wallet,
or if you really want to help contribute,
you can also download a Litecoin node and run that,
and then you can get your MWAB address off of that too.
But it'll be a while before you start seeing your Trezors
and others probably add it because there's going to it'll be a while before you start seeing your treasurers and others probably at it
because there's going to have to be a reason for them financially to want to do it. You know,
there's going to have to be a revenue stream for them to do it. So that'll take a little bit longer,
but it'll come at some point. You know, Alex, I wrote to you and I i said i'd like to ask you guys some questions too instead of
me hogging all of the the time all the time well we rarely get someone that is this knowledgeable
about crypto to give us time of day i mean this is the benefit of the bear market. Normally, seriously, for sure.
Everybody's grinding hard, going fast.
It's nice. I haven't heard a space like this.
It's a long road. I'm getting deja vu.
I'm glad to hear that. It's yeah.
No, I'm glad to hear that. That's I would hate to think that it'd be detrimental for people.
What was that? I kind of forgot why I'm here until.
Yeah, that happens to all of us.
I think at some point I wouldn't beat yourself up too much.
I think everybody's gone through that.
But just know, I guess that the meme coins and some of the other stuff, it's not going to be here forever.
And so, you know, the space will exist.
It just won't look the way it does today and that's
probably it's probably a good thing i think that was when we're doing the bloodletting a little
bit like it didn't back when we were on pancake swap or i mean i need a physical flood yeah for
sure yeah yeah and i'll be really honest with you guys i have literally never used a pancake swap
or a pump fun or any of those things i so i couldn't even tell you the goods or bads of them
or anything what's funny about others said there's so much gap in between pancake swap and pump fun
of like product huge i don't even compare them. No, that's awesome. That's funny.
Yeah. I've tried to keep myself as pure to the,
to the original reason why I got into it as possible. Um, it doesn't mean stuff never piqued my interest. It just,
I never executed on it because, uh, I felt like I was,
I was brought into it for a specific reason and that's, you know,
I try to stay as true to that as I can.
Protect this man at all costs.
The hero the city needs.
There's a lot of them out there.
Trust me.
There's a lot of them.
It's just I finally, there's a voice that I can put out there to speak to you guys, but it's through the Litecoin handle, right?
So imagine how many other people are out there that think the same way.
They just don't get their voice amplified like this.
So how do you think meme coins and like, how do you think all of that will either change or face out
well i think happening right now that's a big question i think some of that really
like literally it have you started to have a disdain or a distaste for it
yep okay there you go that's usually well yeah I don't even really do it, but I still am a big Dogecoin holder.
Is that a meme coin?
Well, yeah, but you got to remember Doge is a little different.
It was created to make fun of the whole crypto space in general.
It wasn't like what you see a meme coin created for today, which is totally different.
And I think that's the beauty of Dogecoin.
If you're going to have a few that live on,
I mean, Doge would be one of them.
I have an idea.
I think we call these ones,
we should call them casino coins
or just call it something completely different
to take one coin away from it.
Because it's not trading, bro.
I don't want to hear TA about a fucking meme coin
that launched anytime after 2024.
Like, it's not even TA period now is kind of sketchy.
For sure.
If you show me a coin and you don't have inside info from the team doing it or the guy doing it, I'm not buying it.
No fucking way. No low cap.
I just I don't buy them at all.
But I ask that because, you know, I go in someone. they're like, oh, Dogecoin's a meme coin.
I'm like, no, you see it different than I do.
It's not the same.
Yeah, that's what I say.
It's not the same.
Anyone that says that, block them immediately.
Right.
We'll kick them in the nuts.
They're like, you still hold?
I'm like, what?
Hell yeah.
Whatever.
Who was here for ICOs and white papers?
Yes, those were amazing.
Yeah, I was.
I feel like every iteration, like when we go through our cycles,
you know how we're talking about like the narratives or the price?
Every iteration or cycle, like we just dumb ourselves down just ever so slightly.
It felt like the white papers were really enjoyable in the ICOs.
That was some of the most enjoyable stuff you could have been doing in crypto.
You really felt like you could gain a competitor edge by just reading a white paper and understanding it
yeah or reading the you just have to read the contracts too before all those like checkers
i mean we've really we've really dumbed this crypto trading and investing down to like oh
my god there's a couple likes on this tweet like that's what it's getting down to no road map nothing at all so no one has any conviction in
anything but when you read a white paper and you're like you're into it it's like yeah but
look at the transaction like you're you're you're so into it your conviction like goes through the
roof now the biggest psyop ever was alex along the line, I don't know exactly when it happened.
People started roasting or ratioing and making you feel stupid if you had a white.
Remember when they said roadmap?
Like they took, remember the same thing with roadmap, white papers, all that shit.
You got like made fun of if you had that.
And the less shit you had, eventually then no Twitter account.
And then eventually it was no website.
Eventually it was like they took everything, simplified it down.
Yeah, it doesn't matter.
You can't differentiate between a good coin and a bad coin. You literally can't differentiate anymore.
You can't.
Like there's no difference.
But those are the little things that would save you money sometimes.
Oh shit, this thing's got to be a rug.
It doesn't have this.
They made it so they're all uniform and blanket.
That was by design by someone fucking smart.
I think.
Yeah, because we couldn't do our own research.
There wasn't any... It's like taking away genders.
Correct. What was
block zero, Litecoin? What was block zero?
It went too far.
What do you mean?
Wasn't there... Don't you have to like put
something on block zero?
Yeah, Charlie put something about Apple and Steve
Jobs in there
look at this guy he knows his stuff i was trying to trip you up this guy's good yeah
would you believe litecoins here yeah of course you're the number one influential in the space still doing spaces no i just have you seen the lightweight price lately i bought some because i
saw they did a dat i thought they were gonna pump it and man i wish i could get my money back
so yeah i'm happy they're here i got a couple bucks in my pocket i can give you that
i would appreciate it thank you no worries when do you think Litecoin is going to return to greatness?
So in what
respect? Are we talking financially?
Like monetarily? I don't give a shit.
The price.
Yeah.
Why don't you care about the price? Is that not the
greatest indicator of the network? No, it's not.
Matter of fact, market cap is probably the worst
indicator of
anything having to do with the actual utility of crypto.
Tell them late.
Think of it this way.
This makes no sense to me.
Well, I mean, think about it.
When you have.
So you're a Solana guy, right?
Yeah.
Solana, Bitcoin.
All right.
So what's your favorite thing?
That explains everything.
Well, what's your favorite thing about solana oh he's about to cook you i can feel it hey i like what about the coach you
sleeper you better back down my favorite thing about solana is that it feels like what crypto
was made like what normally you get almost instant transmission of money and
It's secure Those are the two things that I want with my payment rails. So yeah, that's what that's why I like Solana because it feels like
If I explain crypto to a normie
This is what I think they would believe crypto was
Like Bitcoin it takes you out 10 minutes. I love love bitcoin i think bitcoin is like where money will
go but uh yeah that's why i like solana okay i like both bitcoin and solana okay and i like
each so you like them all right so you you've sent solana to other people i'm assuming
yeah okay solana usc usdt no solana no i like solana for the payment rails so i can send Yes. Solana, USDC, USDT. No, Solana.
No, I like Solana for the payment rail.
So I can send USDC on Solana, USDT on Solana, and send it.
Like, I can send it, and by the end of the sentence, Alex would have the USDT I just sent him.
How does that work? What's the functionality?
Like, how does it get from point A to point B?
Transaction speed?
No, I mean, like, the fundamental part of it, like, how does it transport it?
How is it all being recorded?
Like, is it validators?
Is it minors?
Like, how does that work?
Through validators.
Yes, through validators.
Okay.
Do you know how many validators there are at all?
Current?
I mean, I know the validator count probably has gone down because it's become more expensive,
but I would have to look.
I mean, I can ask Grock, but I'm driving right now, so I can't really help you out.
Well, okay.
Have you ever ran a validator at all? I haven't ran a Solana validator. I was going to if the price would have gone lower in 2023, but it didn't.
It didn't go below the price that I had to where I would have bought the tech for a validator and employed someone.
But no, I haven't run a validator.
Do you know how much it's costing right now to run a validator to validate the transactions?
I think Solana, I think it might be like a million bucks.
Not sure.
I may be completely off by like, it may be like $100.
I don't know.
I think it's about a million though.
Alex, do you know?
I have no idea how the network for solana works i know you just want stuff
well well i mean i know you i i get it it's like if you have your validators that validate the
transaction but i'm just i could just probably see they're gonna say it's like super centralized or
it's not a real network like i don't know we've heard all this but then you know i go i go to my
favorite site coin market cap and i look for solana like, oh, it's in the top 10.
I look for Litecoin.
I don't see that shit anywhere.
Yeah.
Why are you talking to Litecoin?
You must sleep well at night then.
I do.
Yeah.
I'm happy for you.
Honestly, if you have that much conviction in it and you're happy about it, I'm happy for you.
I'm not a trader, so I have no conviction in anything I buy and I hold I sell
I mean I had conviction in Solana in 2022 2023 and we were paid off very nicely in 24 25 but
like now who knows what's gonna happen we have a war happening we have all these things all these
different things happening in outside of crypto so it's hard to see what will happen inside crypto.
Yeah, and we can't really control any of those, can we?
Yeah, the efforts behind all those are centralized.
I do know I can control what happens with my Litecoin, though, so I'm happy about that, too.
So you're happy, I'm happy.
What's the market cap for Litecoin? I don't know how that's relevant to it working though
i mean is this the argument that that you normally end up presenting to somebody as a market cap
because that changes right around market cap like when i look at coins and deciding if i want to like
spend a lot of time on them i'll be honest i thought light coin was going to pump because
like one of the main guys ran a dat and raised a lot of money for the dat and i don't know it
didn't pump i was like what is going on so most most market caps if you look at them
you understand that uh like at least 40 of all the trading that happens within crypto happens within one exchange, right?
Probably even 50%.
And the exchanges that are holding crypto, they're holding it.
You're not holding it, right?
So technically, it's not even yours.
You're just buying into a large pool of coins that they hold and so those those those cryptos the um the prices a lot of it's even just you know
moving around because of bots because there has to be action right so even your trading volumes
and other things are being um are being manipulated but a lot of other things go into that.
So you have to understand that if you're looking for a certain thing,
if you're only looking for price,
then market cap is definitely where you're going to be focusing your attention
But if you're looking for things outside of that,
then you're not going to be looking so much at market cap.
It's still going to be relevant,
but it's also manipulated. of that, then you're not going to be looking so much at market cap. It's still going to be relevant, right?
But it's also manipulated.
So it's hard for me to put my trust in something that's manipulated.
And so I'd rather put my trust in something that's not, right? So I know that there are a very good proportion of miners throughout the world who don't have to pay several million
dollars to validate a transaction that are validating those transactions for me
every second and that the funds that i move i'm moving them myself and i know they're going to
hit the other end because unlike solana litecoincoin has been up 100% of the time for 14 straight years.
And so there's a reliability there that I can hang on to that lets me sleep good at night too, knowing that not only am I able to control all my money, but it's never actually gone down and there's no reason why it will go down.
So I don't have to worry about that.
So market price is definitely important for people right i'm not i'm not knocking that at all but i
would say if you want to really take the ethos of what cryptocurrency was meant to be and you're
trying to tell me that solana is the epitome of what cryptocurrency was supposed to be
i would probably have to push back on that.
It's like a purist perspective and then like a modern kind of... Yeah, and I don't want to say somebody can't or shouldn't use something, right? That's not my business.
And the last thing, you know, I would want to do is
try and point
and say scoreboard, scoreboard,
prices where
the points are.
How many times have you seen
a game played where the
people that have put the most effort in
end up
losing at the end because the kicker just misses
a field goal or something like that.
The guy that's been sitting on the sidelines the entire time.
There's a lot of effort that gets put into things that you just don't see.
But that scoreboard is still running.
We're in the first quarter, bro.
There's no reason for you to be pointing at the scoreboard right now.
And that scoreboard, literally, the scores have been manipulated this entire time.
Why do you think everything moves literally at the same freaking time?
Why does everything dump at the same time?
Why does that is not the general public going all the same time at 10 a.m. in the morning?
Oh, my gosh.
I'm going to sell my Solana, my Bitcoin, my XRP, all the way down the list
of five bajillion coins all dumping at the same time. That is not natural.
If you think that's natural, there's something wrong.
It's a natural disaster.
It's a natural disaster. And if that's happening at that moment, it's happening at every moment.
And if that's happening at that moment, it's happening at every moment.
So don't tell me about market cap being an indicator of success or being able to use it specifically to measure all coins against each other.
Because there's a bunch of garbage that has zero valuation that was pumped by a lot of people that made a lot of money, right?
So market cap to me, that's why I said I don't give a shit about it.
And I hardly ever swear, but I'm telling you, I literally don't give a shit about market cap.
I do care about price long term because it does affect people buying or not buying
or using or not using, right?
That is a narrative and it's a
very important one because people care but it's not the reason why light coin was built if that
was the reason solana was built then you know that's why i said i hope you're happy and you
sleep good at night because you know you got what you wanted out of it and that's great
and i don't mean that disrespectfully but but I'm just being honest with you.
I prefer that we talk frankly about it than, you know,
but I'm not going to insult you either, but I want to make sure that I make my point.
So for me, it's about utility long-term.
How is this helping me with my goals?
How I see life, my ideology, how do I treat others.
There's a lot that goes into why I back Litecoin, but it's not the market cap. it is interesting to see
your Solana Maxis
I think Solana really did build
like a big cult
I don't know if it's because
the traitor I don't know why I don't know how they did it to big cult i don't know if it's because the trader i don't know why
i don't know how they did to be honest like i don't i don't know how they attracted but they
attracted a lot of people but you know light coin was there i feel like i well for me for instance
i was on board into crypto through litecoin and then i eventually um i got wrecked in like the 2017 era like into the 2018 era i got i got super wrecked
and then i just quit crypto and i went back to stock trading came back and then i came back um
through ethereum nfts and then i migrated to solana
and then uh i did a little bit of stuff on other chains but that's pretty
much in my journey so far but it started with light coin and it's weird to see me
till why didn't I just continuously hold one coin why did I migrate to all these
different coins I think it's much easier to convert someone who's already in crypto to whatever you're doing than to just onboard them onto crypto.
I think that's what people are doing now.
They're just vampiring one another.
We're not actually onboarding any new users.
We're just vampiring from one blockchain to the next through whatever, you could say market manipulation
or ambassadors
or you know
on-chain
degeneracy
whatever it may be
we lost Litecoin
way to go Sweeper
yeah
I came in with
Sweeper's not good at parties
You made him swear a sweeper
That was like really disrespectful
His cortisol spiked so high bro
God damn it
And then sweeper leaves
Yeah it's like
That's the messiah bro
Dude that's why people aren't gonna take this face serious
if people just come in like dude that was weird that was some weird energy
light coin was chill man whoever david's like a stand-up guy he's a legend what a great guy man
that's the messiah bro from now on what a cool guy like seriously like you you see where he comes from like he
he's a family man like i like it i like it that was cool man great shooting been around from
crypto forever been through all the cycles didn't leave and come like a lot of people they go through
cycles but they don't stay like look at look at us right now you know they're gonna say oh yeah i
went through that cycle this cycle no you didn't You had to have been here like every day to witness like everything going on.
But, you know, if you're like where he's at, he saw the bearish and the most bullet.
A lot of people miss like Pico bear behavior, like what we're seeing right now.
It's good to see it at least once.
Yeah, you're just not going to catch the next thing leaving and going.
You're going to come and you're going to buy the top, get wrecked, call crypto scam, leave, come back.
You're just going to be on repeat.
I'm telling you right now.
That's exactly what it is.
You have to go through a bear to actually keep your pulse on what's going to be that ultimate opportunity when that liquidity comes back.
Yeah, you got it.
This is your time to become a better trader network meet the right this is for
sure the time of network winners what you do in the bear reflects for you tenfold when the bull
comes whether it's content whether it's trading leverage and if like whatever it is meeting people
networking going to events you've you the fruit gets picked when the charts start pumping if you
don't do shit now or you log off you don't show up every day when we're taking attendance,
you're going to feel that.
Yeah, you're going to be days late
and days are years in crypto.
Yeah, days late and a dollar short.
Real.
Dude, good job, Alex.
Way to go, everybody.
Way to create another.
Yeah, it's so cool
it's a
I say
I say Alex needs to
collect them like he's
Thanos
like just keep collecting
the infinity stones
of all the OG
OG cryptos
they would do it
no they would do it
I just
I don't have it in me
I don't have it in me
to be honest
we're gonna weekend at Bernie's you bro you ain't never leaving you ain't never leaving
dude my bro my head's fried sdm i could feel your viavance pulsing through the side of your forehead
i felt it like we were connected for a second bro i was losing it we were like the avatar when
you connect the tail to the plant.
I mean, you got to be pretty pissed off if you're like Litecoin.
You know, you were here before much longer.
Like, you were here way before any of these other blockchains.
And then you got these other blockchains, like he said, pointing at the scoreboard.
And he's like, bro, we were just good luck making through these cycles.
Like, you guys forget Solana almost died like died and don't forget solana survived based off of what you guys were really touching on was you know they're they have a advertising write-off and
they get to pay all these kols right that push that stuff on the timeline so you know the i like
that litecoin really embodies you know that kindarian, like, decoupling from the centralized banks.
Like, it's almost like a philosophical decision to choose Litecoin and Bitcoin.
Like, I love that.
That was, like, the original allure to crypto back in the day.
His personality is very light, too, bro.
Did you think they did that on purpose?
Right.
For branding?
Personality.
He just comes off, like, light, bro.
Smooth.
Right. He wasn't trying to convince anyone of anything.
Nothing too heavy.
I was learning, but it wasn't heavy.
No, he was not trying to convert anyone to Litecoin.
And Alex is on Lite mode on his ex
because he posted that thing of the space
about Litecoin on Lite mode.
Bro, I don't know how many more times I could say Lite.
In the end, know it is also
like yeah the thing about light coin at this point guys it has it has nothing to prove right like it
does what it does it does it well right it's been doing he said 14 years uninterrupted 100 uptime
do you know any any other system any other company who can say that.
100% of the time.
AWS strives for like 99.99.
I think it's like six nines for their S3 storage and four nines for other services.
And they're the best.
But Litecoin's better in terms of reliability at this point.
Charlie Shrem, dude, he was incredible, man.
Like, I know he sold
and, you know, kind of went off into the sunset,
but Charlie Shrem, man,
like, if you want to dig a little deeper into that guy,
what an incredible advocate for cryptocurrency.
Yeah, he's an OG for sure.
For sure.
No, but David's great.
Like I said, he's
a calm dude.
He obviously knows his stuff.
You know, he's been involved for a while.
I actually met him at the
Litecoin Summit a couple of times.
Super nice. Just like, you know,
in private as he is in public, right?
Same guy, obviously.
You know, he must have been talking to
you from his living room so kind of you got him you got him uh you know in his in his environment
in his uh in his settings there so but yeah dude i mean light coin it's it's like
well that's the thing and it's hard right, right? Because I got into Litecoin, honestly, I got into Bitcoin and crypto probably before 90% of the people in this room. It's not a flex or anything. But I got into Litecoin because my Bitcoin miner order, I don't know if anyone remembers Butterfly Labs. They kept saying two weeks, right? This is where the meme comes from, two weeks, asterisks, right?
This is where the meme comes from, two weeks, asterisks, right?
After six months, I was like, fuck it.
I bought some GPUs.
And the only thing I could mine at that point was Litecoin.
This was like over 10 years ago, right?
And so, yeah, mined Litecoin.
I sold it for Bitcoin at the time.
But essentially, what made me turn back to Litecoin was the fork of Bitcoin Cash.
What I loved about Bitcoin, when I had that aha moment, was when I realized that this was an unbreakable system.
Like no one could fuck with it.
China was trying to fuck with it.
The US government was trying to fuck with it.
The media, like mainstream media was trying to fuck with it.
Everyone was trying to kill it.
Right.
And people hated it people around me fucking hated it for no reason because they were like you know
just like rambling things they they heard on or headlines that they read right um
but despite that bitcoin survived and for me when when bitcoin cash forked I kind of had this oh-no moment because suddenly I saw that someone did manage to fracture Bitcoin to expose a crack in what was otherwise like a pristine product or solution, let's say, monetary solution.
If you consider, I don't know if anyone here has mined before, but how trivial it is for a Bitcoin miner to mine Bitcoin Cash, right?
You literally change the URL. You change the port in most cases.
The pools, they'll just, it's like a different port number.
I forget what they are off the top of my head, but like 8227 or something probably.
thing probably but bitcoin cashes is just one number off right and so at the time there's a
But Bitcoin Cash is just one number off, right?
lot of uncertainty like bitcoin cash and bitcoin their prices and market caps were close right it
was like 10 to 1 let's say um but if ever it were a flip if ever bitcoin cash's market cap were to
exceed bitcoins then you have all these miners being like okay wait i'm leaving
money on the table by not mining bitcoin cash and suddenly bitcoin security model is broken
and it still is this way right bitcoin cash isn't dead and frankly technically from a technical
perspective um from a security perspective it's's more resilient to hashrate fluctuations than Bitcoin is.
And that's the moment when I was like, shit.
At the same time, Dogecoin and Litecoin had merged mine, or Dogecoin had merged mine with Litecoin.
And it had the opposite kind of attribute, right?
Where capital, whether it flowed in from Litecoin and into Dogecoin, like we saw Dogecoin flip Litecoin, it didn't stress Litecoin's security budget or model, right?
What was good for Dogecoin only made Litecoin stronger.
So even if the market cap flips,
Litecoiners' funds are still secured.
There's no risk of a 51% attack, essentially.
And this is where I had this oh-no moment in 2017,
which made me really gravitate towards Litecoin and Dogecoin and the script ecosystem.
And yeah, I mean, look, the script ecosystem is still growing.
And what's interesting now is actually watt per watt,
you're generating more capital in USD with a script miner than you are a Bitcoin miner,
which is interesting.
Because if you consider how data centers and mining companies are restricted, right?
They're restricted by data center space and by electricity, right?
In order to generate profit, they need as much of that as possible.
If you were to replace them all with S-Crypt miners, you'd be making more money, watt per watt with the same amount of square footage
in terms of usd of course you would have to sell whatever you have to sell your dogecoin
or litecoin to get the usd and all that stuff but yeah and i mean listen litecoin's not looking too
hot uh it's obviously the reason why people aren't paying attention to it we just saw it illustrated
perfectly by this guy that was debating uh dav, earlier about like, look at the market cap.
It's true.
I mean, these are the two camps you have.
You have the old school, the OGs that care about the ethos, the fundamentals, sound money, self-sovereignty, and all this stuff.
And then you've got the newer generation that came here because they saw the pump, right?
that came here because they saw the pump, right?
Because they saw the pump in 2018,
because they saw the pump then with the ICOs
and then they saw the pump with the meme coins in 2021
and microstrategy and all that stuff.
So I have these two camps and they're both valid.
Honestly, I wouldn't mind being in like the pump camp
at this point, right?
But I still have faith, Like, I still sleep well.
I know that my Litecoin isn't going to disappear
and that it's going to live forever, right?
Like, I can't say that about a lot of tokens.
Litecoin, like Bitcoin, I mean, I think Litecoin, whatever.
This is a hot take, but I think Litecoin is more resilient
and might outlast Bitcoin
we can dive into that more if you want later but
no I think Litecoin is going to be there
until I die right
I'm not sure I can
say that about a bunch of other
coins or tokens right a bunch of
other blockchains right
so yeah
no it's a fun space guys i want to come more often
yeah can i ask you a question this might be this probably a stupid question but i'm gonna ask it
anyways um like what happens if there's no internet is crypto still exist you mean if
the internet goes offline um it's still alive, right?
Or maybe like...
Yeah, so like the blockchain,
so long as it's stored somewhere, right?
Like there are blockchain nodes in space.
So those would technically survive.
If there's like an SD card that survives
whatever apocalyptic scenario you're envisioning,
all it would take is for one person
to put the SD card
in a Raspberry Pi, spin it up,
and then create more nodes, and then the network would
be back online.
Didn't Jack Dorsey just make it
to where you can transact without the internet?
Is that real?
Yeah, kind of.
How does that work?
I don't know, but it's...
Yeah.
Is it using some kind of walkie-talkie system?
Dude, I have no idea, man.
It's going to be on an RF
or some kind of frequency, right?
Or Bluetooth?
I don't know.
But there has to be something validating
at the end of it, right?
Correct.
You can maybe transact within a bubble,
but then it has to connect to the internet.
Maybe you have to be within a close enough distance
to where your devices touch each other.
Like an airdrop for pictures or whatever.
Exactly.
Is that Bluetooth?
It could have been Bluetooth
or it could have been something like, you know, I don't know.
I've never really used Lightning Network,
but like he said
you could do it without the internet. I need to research
that, but I feel like for peer-to-peer purchasing
that would be huge. Yeah, it's
Bluetooth low energy.
Cool. Interesting.
Yeah.
I know some of the works there.
Fucking ask. So Animal?
Still works there?
It was a couple months ago, but I don't know.
You've just been holding and bullposting Litecoin?
Yeah, pretty much.
I like Dogecoin, too.
I like the whole S-Crypt ecosystem.
I just feel it's resilient.
Me too.
You don't care about the Solana meme coins or NFTs?
That doesn't attract you at all?
Look, I'm not going to lie and tell you I don't.
I do have some Solana NFTs.
I use Stepin, you know that walk-to-earn app.
I think that's pretty rad.
Wait, it's still going?
It's still going.
It's still going.
Yeah, it's been fragmented.
There's like Stepin Go and there's like the BNB chain and I think ETH chain as well.
That's the one I was using.
Which one? BNB? There's like a littleNB chain and I think ETH chain as well. That's the one I was using. Which one? BNB?
There's like a little raccoon on the logo.
I don't think that's Steppen.
Oh, that's Luko.
Luko, never mind.
Luko, yeah.
I mean, but like David said, right?
Like it's not,
Solana doesn't follow the same ethos
as Litecoin and Bitcoin do, right?
Like it's an uncapped supply.
Validators are few and far between
and are potentially co-opted by banks or governments, right?
Which don't have the interests of the people at heart.
So yeah.
You can't spin up a Solana node on a Raspberry Pi either.
So it's not...
Raspberry Pi again for sure this time.
I did say Raspberry Pi.
Why?
What's wrong with that?
Are you hungry?
I'm a little high.
Okay.
If you can't solve another question, I started this train.
So we don't give a shit that Litecoin has just gone down in the last five years and done nothing?
Zoom all the way out, though.
All the way out?
I bought mine in 2021.
And it's not done much.
I mean, I've not sold any.
I've held it, and it's
still sitting there.
I mean, yeah, I'm still buying it.
Do you guys hold GameStop or AMC?
The stock?
Yeah, yeah. Do you guys hold AMC or AMC? The stock? Yeah, yeah. Do you guys hold
AMC or GameStop?
I, both.
You hold GameStop and AMC?
Yes, I do.
Oh, Lord have mercy.
On Solana or the stock?
The stock.
Oh, no. She's lost.
Lord have mercy.
Okay, this is not working.
That was crazy.
I'm curious if you guys
in my mind there's a clear difference between a meme coin
and a meme token. I'm wondering if you guys
have that distinction as well.
No, I don't. What's the difference
between a meme coin and a meme token?
Well, for me a meme coin
is something like Dogecoin, like Pepecoin on S-Crypt, right?
Maybe some of the rare Pepes, potentially.
Whereas everything else that's built on top of another blockchain, Solana, Ethereum. Those are meme tokens, right?
Like SHIB, for me, isn't a meme coin.
It's a meme token, right?
It's an ERC-20 token.
So for me, there's a clear distinction.
They're just contracts, right?
They're not their own blockchain.
And for something to be a coin in my mind,
to have that name, that identifier,
I feel is an important distinction.
But what's so important about the distinction?
The only distinction is if you make money on it, right, or no?
Build on it?
No. No, the distinction is its security, whether or not the contract can be manipulated.
Everything can be fucking manipulated though. We see fucking crude oil being manipulated,
gold being manipulated, silver being manipulated. No, no, but I'm talking about the rules. I'm
probably talking about the rules of the contract, right?
About the rules of the blockchain.
How difficult it is for those to be manipulated.
How difficult would it be for there to be more than 84 million Litecoin?
It would be pretty difficult to achieve that.
You need a broad consensus of the people, not just a single individual.
You need all the miners to get on board.
Wouldn't that be that strong argument for Bitcoin, though?
Yeah, for sure.
With this 21 million?
The same shit?
Bitcoin's the same.
Bitcoin's the same.
But as I mentioned earlier, in my mind at least, and this is going to be a hot take,
the fact that Bitcoin Cash is there, Bitcoin Cash could one day supersede Bitcoin, right?
And like, for example, bro, that's like saying Ethereum Classic is going to fucking
subsede Ethereum, bro.
Like, what do you mean Bitcoin Cash?
No, because there are two different things, dude.
You can't.
So like, you know how trivial it is, dude.
You're right. No, you know how trivial it is, dude. You're right, you're right. Do you know how trivial it is?
No, you're 100% right there, yeah.
Ethereum was the hard, was a hard, whatchamacallit.
It was mined.
No, it was a hard fork.
It was proof of work.
Bitcoin has never had a hard fork.
So yeah, so yeah, you're right where it was different.
But also, yeah, Ethereum Classic is still proof of work, and Ethereum now is proof of stake.
So these two systems are not interchangeable, right?
Whereas with Bitcoin, their security models aren't interchangeable.
Whereas Bitcoin and Bitcoin Cash, do you know how easy it is for a Bitcoin miner to start mining Bitcoin Cash?
Say, for example, okay, hypothetically, Bitcoin Cash, 2x is Bitcoin, right?
And it's worth more and the market cap is double.
You'd have all these miners, all these data centers suddenly looking at Bitcoin Cash being
like, man, if we don't start mining this, we're leaving money on the table, right?
You know how trivial it is for them to switch? Two seconds. It takes two seconds to switch your Bitcoin miner from mining Bitcoin to mining
Bitcoin cash. Right. That's reality. Now, is it, what's the probability of that happening?
I don't know. Crazy shit has happened in the world before, you know. Who knows? I mean,
is it, what is really keeping
Bitcoin secure
is it like just
because it's fashionable
because people
you know
have this political ideology
that Bitcoin's superior
or is it actual
like the laws
of thermal dynamics
no people trust it
because
it's been around
for 17 years
it's never been hacked
like if you look at
any other
fucking company in the world or whatever in the government, they've all been hacked.
Bitcoin's never been fucking hacked.
Even with a hard fork or soft fork fucking Bitcoin Cash, it still didn't fucking damage it.
It's just the most resilient crypto, that's for sure that's what it is
and that's and that's why i love i love it right like like i was saying earlier like this is what
i really turned me on to bitcoin in the early days was how it was a system that couldn't be broken
no matter how many people tried to fuck with it no matter how big they were right the chinese
the americans the media blah blah everyone tried to take it down and for like
for the like and no one succeeded every time they tried to make a dent honestly it just brought up
more publicity in the end dude that's what impressed me to this to this day like no chinese
no north korean no iranian no fucking anyone could hack the network and fucking change that's really
what's impressed me about Bitcoin.
I'm like, holy shit.
Like for 17 years, this shit hasn't been hacked.
Ethereum's been hacked.
Solana's been hacked.
Every fucking crypto's been hacked.
And then nobody's figured this shit out.
That's where I was like, all right.
Like this shit really is like digital gold to me.
That's what I see about Bitcoin.
Hacking is pretty much impossible. Unless like you get some kind of crazy quantum tech to move around some old Bitcoin.
Right. But no, what I'm saying is that, like, yeah, it's trivial to kneecap the network.
If there was like this global motivation for whatever reason, say, like, I don't know, whatever, something happens.
Like, I don't know, whatever.
Something happens.
Maybe it's just, what if, okay.
Right now, if you look at the price of mining Bitcoin cash and Bitcoin per watt,
like if you're mining one or the other,
in terms of USD, you're making the same amount of money today, right?
You're getting more Bitcoin cash,
which results in more USD than you would if you're just mining Bitcoin, right?
You get the same amount of USD, but you're getting like a fraction of the amount of Bitcoin as you would
if you're mining Bitcoin cash. Say Bitcoin cash, 10X is in price. And suddenly you have a Bitcoin
miner that could be making 10X more money if you're mining Bitcoin cash. If you have enough
Bitcoin miners that do that, right? At the same time, it creates like this snowball effect, right?
Bitcoin miners that do that at the same time, it creates this snowball effect and a death spiral for Bitcoin because it'll be losing hash rate.
There's no Bitcoin miner, though, that's going to be making money like that.
You can name Mara, Riot, Wolf.
I mean, what Bitcoin miner do you want to name?
They're really not making money, though.
They're not?
Okay, right. they're not okay right and so and yeah marathon just they just um put up i don't know how much
of their bitcoin a hundred million dollars to sell because they're underwater but that's
the biggest bitcoin miner in the world though that's the biggest miner so the miners aren't
literally making money so here's and this is even more reason to be critical, right?
Because if the miners are also traded on the stock exchange now, so they're beholden to shareholders.
They have to make, their goal, right, isn't so much securing the network, but it's making their shareholders happy.
So they can keep getting investments, right?
And their shareholders don't pull out. So if shareholders are like, listen, guys,
Bitcoin Cash is doing great. We could be making more money mining Bitcoin Cash. Suddenly,
the mining companies, they're not beholden to any ethos, right? They don't care about,
you know, sound money and what they do. Okay. I'm not saying they don't, but like
they're corporations, right? Corporations don't have emotions have emotions none of those miners said let's mine bitcoin cash though
i'm just selling bitcoin period and they're not mining anything else they're not mining
bitcoin cash not mining ethereum they're just selling outright crypto because that's what you
need to make money right now because crypto isn't making money is none of them are buying uh crypto cash like a bitcoin cash if they need money right anyone was buying bitcoin cash like i would
i'd be for it bro like i'm down for the bitcoin cash soft fork but it doesn't make any moves
versus bitcoin that's exactly right i mean but I'm saying hypothetically, they need money. If they could
be making more money mining Bitcoin cash, they would do it and they could do it. And it's trivial
for them to do it. And that's why I'm a Litecoiner because such a thing is impossible with Litecoin.
You can't, like if you're, when you're mining Dogecoin, you're connecting to a Litecoin node.
When you're mining any of the other coins that are merged mining with Litecoin,
Pepcoin, Luckycoin, whatever, Bellscoin, you're mining Litecoin first, right?
You're connecting to a Litecoin node to mine, or Litecoin mining stratum.
Yeah, no, I can understand.
And you can have something that works, and that works good and that you can see that's good
But like I can never be a coiner of something that brought the chart over five years over three fucking years a year
It looks like shit, bro
I'm not gonna be a corner to that chart. Like I want my chart to look like fucking nvidia
I want it to look like fucking amazon. Like if i'm in something
I want it to fucking look good and I want to make money in it, bro.
So, for sure, for sure.
For it to be profitable, there's nothing wrong with that.
And that's why I can't call myself a coiner in any of this shit.
Like, I'm a Bitcoin maxi because I think, yeah, it's like digital gold.
But even at the end of the day, bro, like, gold in the 80s from the 2000s didn't do shit.
So I can call a spade a spade and say, yo, we're not doing shit.
But are you?
So at the end of the day, I can't call myself like anything coiner or whatever, Litecoin coiner or whatever.
Because, bro, at the end of the day, the charts, they look like fucking shit.
Like I want to be in something that looks like in video looks like Apple looks that's going up
And that's just at the end of the day because I want to make money and we're all here to make fucking money
I know what I mean. I think in a few months that will all change though. So we're seeing right now
The approximate cost at eight cents a kilowatt or sorry point zero zero eight cents a kilowatt to mine a Bitcoin
I think these wars are going to start making
more sense to people as to why they're actually happening this is for energy reduction not for
anything else um if they drop the cost and the energy cost that it takes to do this
it becomes grossly profitable.
it becomes grossly profitable
What's going to drop the energy?
Even if we go to Iran and we fucking take their cheap-ass energy,
what's going to drop the energy here in the U.S.?
Aeroponics?
Yeah, it's not really about taking their energy.
I think the geopolitical stance is about diverting another superpower nation's energy away.
Like right now, China is leading everybody.
Like their energy costs are significantly lower
than everybody's.
So I don't think it's necessarily about taking, it's about optimizing the current operations they have,
like the big five companies going into Venezuela and saying,
yeah, we liberated you from whatever, we don't care,
but we're here for the oil, we're here for the uranium,
oil we're here for the uranium we're here to make our energy costs lower
we're here to make our energy costs lower.
but at the end of the day too you can't we can't just look at china like oh this or that like
compared to their gdp and what they're spending and their energy costs they're still negative by
a lot of margins so it's like i don't know you can't just look at china and be
like oh they're spending so much bro they're they're negative on a shitload of margins just
like the us like everyone's negative on their fucking margins are we talking about margins to mine still uh china's gdp china's gdp compared to their real
estate compared to everything i i just think i'm looking at charts like nvidia and
what was the other one you mentioned?
I was mentioning a lot of shit.
Yeah.
NVIDIA is the main one.
Let's just go with NVIDIA.
I think as a trader,
a chart like Litecoin is more appealing to me than NVIDIA right now.
Okay, how the fuck is that more appealing?
Opportunity.
What do you mean opportunity?
Bro, so you want something that just goes down for five years, years straight and you don't want something that just goes up for five for three years
I didn't say anything you just said I said
Opportunity
It goes if you buy something at the top then you're
It goes if you buy something at the top then you're
There's no way out
Bitcoin that fucking one time I bought oil bro. I know about buying shit at the top bro
I'm saying over a long term ten five four three years
Look at these charts
There's years in between there's not one crypto
There's not one crypto besides Bitcoin that has gone up over the last five years and even bitcoin is fucking
Doing bad, but we're kind of cherry-picking there
But look at every other fucking crypto solana ethereum litecoin link xrp
You can name me one in the last five to ten years that that's doing good compared to a stock like apple amazon
facebook name me one that that's that's outperforming any of the stocks or of the mag
seven name me one why it's why because that that's what's important be in investing your money and
putting your time into what do you mean why because we're here like i said to make money
there's a lot of different ways you can make money on these chains though you're talking about just buying it letting it
sit sure yeah yeah you can make money from staking and you can make money from other shit yeah if
you're deep into web3 but i'm just talking about your everyday fucking investor like
some guy had kraken downloaded and was investing in crypto in the last five years that dude is down horrendous
compared to the stock market which hasn't even done that much it has gone down a load with
with the that trump has done but it's still outperforming so if you look at companies like
tesla and tesla's up since okay tesla is a different one bro come on you we all know tesla's different i know but i just look
at the gains like from ipo oh no tesla since 2021 hasn't done shit i know i know tesla's break even
what about the other ones what about apple microsoft amazon google what about those boys
the rest of the mac 7 i think think your time horizon is a bit short.
Well, what's short?
Because in the last five years, they've outperformed.
In the last 10 years, they've outperformed.
In the last 20 years, they've definitely outperformed.
So what timeline is that?
I mean, they haven't outperformed.
That's what I'm saying.
Well, what hasn't outperformed?
Apple and Microsoft hasn't outperformed in the last 5 or 10 years
so why are you in crypto
cause I'm into money
what do you mean
I just said
I like this shit
but if I see a chart
and it's going down for 5 years
fucking straight I'm gonna call this
beta straight cause I'm that nigga I'm that beta i'll just fucking say what i fucking see i'm in crypto because i like shit but i call shit when
i see it you know so nvidia nvidia's gains up until 2023 were stagnant i mean if you're like
looking at certain time horizon you can look at any time horizon you could even say like coin outperforming video
Given the right time horizon
Like you know, you can't
I'm just like looking at the indicators right now. I'm doing like a five-year comparison
I'm trying to use the numbers you're wanting me to use and it's not really like
No, mother fuckers mother fuckers like to cherry pick right because
Motherfuckers like to cherry pick, right? No, tell me who you want me to say.
Motherfuckers like to say gold and silver.
Motherfuckers want to say motherfuckers.
What do you want me to compare?
Bitcoin and NVIDIA?
You're literally cherry picking the number one stock,
but go for it. NVIDIA.
Is that what you want to use?
No, I was just saying any fucking stock.
NVIDIA because I study it a lot.
So if you held if you held
Alex, you're right. No, you can't just fucking cherry-pick right because if people will cherry-pick gold and silver right now and say
They're the best performers ever but if you look from 1980 to 2000
They fucking it went down for 20 years, right?
So so I know about fucking cherry-picking different times
All I'm saying is I just want big performers overall if gold does 10%
Overall, that's what I want. If Nvidia does yeah and 15% overall. That's what I want
I just want big overall gainers. Of course. Yeah. And I'm not trying to
fucking cherry pick what, you know,
what time fucking Bitcoin's down or
gold's down or Nvidia's down. No, I don't
fucking care about that cherry picking shit.
I'm just saying the overall value
of it.
Okay. Okay.
Yeah. It's an interesting
take. Like, I held NVIDIA
from 2013 to 2019 and it didn't even keep up with inflation.
So I got rid of it.
Mistake in hindsight, obviously.
I also held Tesla, and Tesla killed it for me.
Tesla's up 31,000% since IPO.
XRP is up 33,000%o so it does your entry does matter and i think for things like litecoin
we're look we are looking at crypto on a small time horizon right now um especially when you're
talking about coins with fixed supply that's just my opinion though i don't know where we'll go
everything could go to zero for all i know
but then that also has to do with like when when you get into shit right like
like nvidia from 2013 to 2019 yeah it wasn't doing shit but then we had the fucking ai boom
in 2022 2023 right it's like it's like holding fucking apple or microsoft back in the early 90s and then that you
we have the internet boom in the in the 2001s right yeah for sure so it's like the same shit
as that it's just it's just timing but it's just knowing what technologies are going to be useful
yeah so internet technology is going to be useful ai is going to be useful and i think certain crypto technologies are going to be very useful so that is why i am in crypto
and do not think a purist unmanipulated type of coin like just the more i think about it
like there's a lot of institutions coming in right now and scooping up and there is probably
a good amount of supply control with bitcoin do Do you not think people are going to one day maybe take a look at that and say,
maybe we need to go back to tradition here and, oh no, the plane's about to take off again.
We need to go back to tradition here.
I'm going to land that plane here, and I think I'm going to call that a space.
I think that's it.
I think you guys should start your own space.
Before CK Cardano comes off mute.
And then we're going to be here for three hours.
But it's late for me.
I'm sorry I got to end the space.
Because it was the middle of good conversation.
But I do have to go.
We'll run it back tomorrow.
You're the man, Alex.
Take it easy, everyone.
You're the man.
We're just talking about how Cardano is the greatest thing in the world, bro.
What do you mean?
Alex, did you get liquidated or something?
Like, you came in here with spice, man.
Y'all know me by now, bro.
I come in high and fucking spicy, bro.
I'm a Latino.
That's what I do.
Psst.
