Mike check, Mike check, you guys hear me?
Cheeky check, check, checky check, checky check
yep I'm not welcome All right, let's get this space out.
Man, I was so confused today.
Oh, wait, we don't have...
Ivan, can you publish a...
Like, just to show itself?
We've got this weird link on here oh right right right right
okay let me put some uh music some doge step
let me find something interesting
we still need to figure out how to
it's gonna be a whole new category
it's probably just dubstep with doge inserted randomly
yes that's exactly what it's gonna be like i have this vision for it so Thank you. okay What is that?
Alright, we'll get started here in one minute. What a sound effects what the sound effects are here to go here to go there we go looks like we're just getting started everybody
Welcome welcome to Memes and Dreams.
Yeah, let's not do that again. Yeah, welcome to Memes and
Dreams. Today's topic is going to be memes that make money. Yes. Oh, I see AC down there.
Let's definitely bring up AC. But I just want to welcome everybody to the show today. The
Crypto Canuck. How are you doing today bud i'm doing good man just playing hooky
from work made too much money on memes this week okay i'm kidding how are you guys doing what's
going on rich everyone else i hope everybody everyone's doing great today
Rich, everyone else, everyone's doing great today.
Doing amazing, doing amazing, man.
Great to have you. Great to see you.
AC, what's going on, my guy? How are you today?
I got into the space and I don't know, my ears were damaged coming in, so I'm happy to be here.
We are not liable for that by the way yeah what
what was that my freaking ears exploding how much am i gonna get for that in compensation later
um i don't know what's up my guy how are you What's up guys? Good to be here as always.
Definitely feel the hooky thing, but memes are a job, right?
What do you think about that? First competition.
Alright, alright. Okay, okay, okay. Enough of the sound effects. What do you think about tariffs? All right, all right.
Enough with the sound effects.
So, did you want to reply about the tariffs
or he just wanted to do that sound effect?
Before we get deep into the weeds of the tariffs,
because obviously everybody... You're too deep into the weeds of the tariffs, because obviously everybody...
You're too deep into the weeds of the tariffs, by the way.
Before we get into tariffs and terrorists...
Well, let's do something here.
I kind of want to say a little bit on the meme side of things.
But, so, what do you guys... Have you guys heard anything about Ben Armstrong lately, BitBoy?
Well, that's kind of not a meme either, but no.
Well, I mean, he's like one of the biggest influences in meme coins.
It's like one of the, it's a pretty hot topic that we're trying to, listen, it's a conspiracy to me that we bring up tariffs and BitBoy is now in jail.
But I think that if they made a reality TV show of Ben, I would watch it.
The sloppiest, messiest reality TV show I've ever seen.
But it would be a great...
That would go dark pretty quickly, I think.
It'd be like, what is it?
The real world meets true life.
You guys remember when they were documenting true life with all those like druggies and all that real shit on MTV?
Just everybody talking about money all the time, but still doing everything on true life.
We'll just call it true rehab.
True Ben. Yeah. but still doing everything on true life. We'll just call it true rehab. True,
I believe that is a penny behind the on an account.
weather's looking good here where I am.
can't really complain and yeah it's nice
where are you where you at are you in uh me and a penny and i are close by we're in the gta
yeah it was snowing three days ago and then we got like almost uh 20 the next day celsius
everything's been like horrible
yeah complete reversal just like the markets
I see we've got goblins of doge town what's up my guys
crypto markets are holding up pretty fairly well compared to trade fi actually to be honest oh yeah
100 i agree yeah it's it's it's good that's a good thing because crypto was meant for a hedge stocks aren't
it's really surprising yeah the first thing i noticed in the morning was everything was down
except for bitcoin and ethereum like everything was in the red on uh just using like the apple
app that i use that's built into the ios or whatever You're very muffled, by the way, Penny.
I don't know if you're far from your mic
or something like that, but...
I hope we didn't jinx it though, Ivan.
though ivan i hope we didn't drink it uh i was i thought seriously when i saw nasdaq plunging like
I hope we didn't jinx it.
uh 15 i i i was like seeing uh bitcoin like flash crash to 70k but it just you know just stayed around the 80k
uh Bose made it go back above 80 really quickly didn't even stay under it for very long which is
uh which was very surprising to be honest. Considering the entire market sentiment currently
and everything that's been going on,
memes are kind of coming back slowly as well.
But it's good to see that bitcoin is still uh holding uh holding well yeah
i like i like i like seeing what doge is doing like just going in and just basically
just cutting everything right now it's kind of an interesting spin on the market right now but go
ahead ac no i was just going to add to to what. Doge here was saying. The fact that Bitcoin has held so well at around like 80, 83, 84, I think it's at now.
It just shows the strength crypto, especially when they call it volatile.
They call it CT or crypto as a whole volatile.
It's kind of funny because now, you know, TradFi is volatile as fuck.
is volatile as fuck and we're looking at them like well you know yeah it's all right like at
And we're looking at them like, well, you know.
the end of the day i think that the stock market has kind of had this feeling that you know oh it
goes down 20 that's a crash but at the end of the day it's all speculative and um i think it'll be
interesting to see usually in prior cycles crypto's gone up
and bull runs have commenced because crypto's been killing it on the roi to the upside
but what if everything else but crypto goes down more right that's it also could be in a bullish
catalyst so definitely interesting to see what happens well a lot of it's institutional money
still right if you if you think about it you know you
have some retail that's still like into the meme coins right but uh like for bitcoin as a whole
it's still this is why i'm bullish long term still because i don't think a lot of it's still retail
money maybe in the etfs we got retail in the in those but as a whole I don't even think retail is even
So that's just my opinion
So I'm bullish until they do come
So I was just looking at Arkham just now
So here I'll just post this up
Here so Trump tariffs it's literally this post
right here trump tariffs star market down but blackrock is buying bitcoin um and if you go
through it and you look at it you can see all the different transactions and blackrock is literally
just accumulate i mean they're just killing it buying buying tons of it at a time right now.
And they literally just close to the Fed today.
And they're broadening, too, like to other countries, not just in the U.S., right?
So it's getting bigger, right?
I read some news and some reports this morning, actually,
that kind of touched base with what you were saying crypto canuck but it's kind of the
opposite like some of the the articles are now suggesting that retail has purchased the most
they've purchased in a long time over this capitulatory period that we've just seen
yeah like trillions of dollars worth of stock that was purchased by like retail investors
yeah so like the retail buying the dip i'm yet to see like uh send me that i want to see it
i i saw the article as well but i didn't see any proof of uh of any actual data that show showcases that people are actually buying stock at this point
i don't know it's going lower for yeah a significant amount of time
going forward i i'd say at least two three months it's going lower
going lower what's going lower everything stocks mainly the dollar as well weakening
I mean doesn't a weakening dollar increase asset prices
yeah but not when they go in pairs it's weakening against the euro and because of the
the euro and because of the reciprocal because everybody is doing what with the tariffs so what
happened is we trump like set blanket tariffs that were more or less based on nothing except for deficit with the countries in question.
They're not actually based on the trading of goods and actual tariffs
that these countries have, but on the trade deficit that the US has
with these countries, which is not how you're supposed to put tariffs,
because those are like two completely different
things for example i i sell you uh you buy from me i uh something that i have that i produce in mass
but you don't have anything that i that i need that creates a trade deficit to the United States.
For example, when the United States imports a bunch of food from other countries already.
But it was also only on the product side.
So it didn't take into account the services side, software and stuff like that,
which is what the US is the biggest exporter of so regardless of that the blanket tariffs are
increased the are way higher what the initial tariffs from the countries were and now the
countries are responding to these tariffs with their their reciprocal tariffs which means like
china increased like tariffs to 35 i don't i don't think i would have to argue they're reciprocal tariffs, which means like China increased tariffs to 34%.
I don't think – I would have to argue they're not reciprocal tariffs.
They're already tariffs that have already been implemented onto the U.S. long ago.
I mean you've got to realize something.
It's really not – never been a fair market.
No, it's never been a fair market.
been a fair market. Listen, China, like we can argue with any single country out there,
Listen, China – like we can argue with any single country out there.
but arguably China literally extorts people, whether it's children, whether it's slaves,
and then they continue to produce these cheap ass products and then import them into the U.S.
Or, you know, they target the actual, you know, these companies who want to make money
and they actually kill off U.S.
you know, or even even North American. Let's just put North American besides Mexico.
This includes Canada as well. It destroys these these companies within here who are literally
trying to produce mass amounts. But because of the cost, they can't because they're having to
pay for labor because we live at a different standard of living because, you know, we care about human beings other than these other third
world or BRICS countries that are out here. And, you know, we end up having to go off in this fight
of, it's basically a labor war and a slave war and people who are literally buying these products
and you're arguing about tariffs. Like the tariff is literally just to stop them like it's a war against more than just trade it's a war against like slavery it literally
is and if you don't see that like i don't know what you're looking at narratives man where are
you getting them from what do you mean china literally has slave labor yeah i do agree with
that but okay so why would you want to do why would Okay, so why would you want to support or even say –
You're not going to stop that.
But why would you want to even go in there?
The US is only 13% of China's exports.
I'm just saying no matter what.
No matter what, no matter whatever reciprocal, whatever it is,
why would you even want to mess with them or even do any business
or bring them into anything?
We should charge the tariffs like
doge tariffs literally like exactly like this entire this entire thing is to literally reset
everything like the us is just being bombarded with bullshit honestly okay but yeah i'm not going to continue on that because we inform ourselves, I guess, on very different types of media.
I'm literally pro-Dode here. I love what they're doing with the U.S mean, I'm pro-Dodge. I'm literally pro-Dodge here. Like, I love what they're doing
with the U.S., tearing things out, Elon Musk coming in here and literally making things so
much cleaner, so much better. I mean, and this is just a reset that we have to do. It's a continuous
global audit. Like, if we don't allow it to happen, we'll never get through. Plus, I think
it's a real positive spin on bitcoin regardless because you can't tariff
bitcoin right like okay you can tariff you know i agree with you on that but that's not the way
that you should be approaching i don't i don't i don't think that any of us have the qualifications
to even say whether or not that's not the way though that's arguably so i agree with you on that and that uh the you can fight these things but one battle at
a time by imposing blanket tariffs on the entire world you're just becoming uh who cares you know
it doesn't matter let them do it like it's not even i just think it's just i just think it's
just gonna make each country more independent that's that's what i in the long run or use your own use your own
natural resources and that's what i think i think we're just going to isolate america from i don't
think it's going to isolate america i really think it's going to make everybody really think about
their communities today and look look at what i just posted up at the top it's not it's not even
a reporting that this is not a reciprocal policy. I mean...
I think it's just a tax at the end of the day to the general population and consumer, to be honest with you.
And it's just, it's being labeled as something, you know, that it's not.
I mean, fundamentally, at the end of the day,
the consumer is going to be the one paying for it in the end.
We're still paying for it in the end.
Like, that's what nobody gets.
We've been paying for it.
And you're still supporting it.
We have been paying for it.
We're allowing other people. Everything ramps up 30% in price, including cars, including primary materials for building and everything.
Everything will ramp up in prices because you import so many things.
You're not looking at the stem of the issue, the root of the problem.
The problem is we're having the U.S US is literally having to do these trade wars. We're having to audit everybody because
it's an unfair, they have an unfair advantage. They have an unfair advantage. Literally, like,
think about it. If you don't have to pay the same amount of labor, if a company doesn't have to pay
the same amount of labor, they can actually increase their supply because their cost is down.
And that means that the demand eventually, because the supply is so high and that they're
able to sell the product at a cheaper cost, then that means they're able to be extremely
aggressive against any other competitor.
Now, the difference is, is that if you zoom out and then you look at China, for example,
right, and they've got all these massive, like, you know, plants that are able to produce high amounts of these products that are cheap.
And then also they're exploiting people.
I mean, that's why we've had this entire issue.
This is why we're going to – this includes other countries.
You go to Colombia, Brazil.
I mean, and then you think about it.
Colombia and all these other BRICS countries have already been trying to work towards getting rid of the U.S. dollar and attack the U.S. before this.
I mean, they've been – Colombia has been working towards BRICS for years.
What do you mean helping?
Sometimes – I guess the thing is you have to go through trials and you got to go through problems initially.
But I don't really want to go into tariffs on this space, honestly.
So I was trying to bring up the Ben Armstrong and the BitBoy being in jail deal.
I'd love to see him beside FBS.
Did SBF get a pardon or was that fake news?
I mean, people would think That they would try to spin the media in the narrative that Trump and Elon would pardon SBF.
Like, that would make sense.
Why would you pardon them, though?
Well, I mean, that's why they're trying to...
Silk Road? Silk Road, yeah. yeah yeah but that's a little different he didn't
do he didn't like manipulate prices and all that other that's that's a
little bit different he was just a service provider so you could buy drugs
No one wanted it except for frat kids
Hitman off the silk road too
that was a thing right which one hitman right like yeah okay if you go if you go on magic eden
right and you look at some of the rare sats there's actually assassin there's the hitman
or the assassin sat like these are these are known satoshis
that were literally utilized to pay Hitman.
Well, don't forget about people.
You know, there's a whole industry around, like, rare sats and stuff.
So, yeah, it's interesting what you could pull up
from just historical events and Bitcoin that's being traded.
And, you know, just based on their numbers and everything, right?
But Doge, Doge, does Doge have the same thing?
I've always wondered, is there something preventing Dogecoin from being able to have kind of like a rarity kind of finder thing?
Bitcoin has rare sats, right?
Oh, you mean like the numbers on a dollar that are like rare?
Yeah, exactly. a dollar that are like rare uh yeah yeah i i i guess any currency can have that that has like
serial block numbers or something like that doesn't matter but it it doesn't it's uh uh
whether people find it valuable or not i guess well i think what it was is that
and the reason why Bitcoin has this
and why it was so big is because of Silk
Road, and they had such a bust
down, like such a breakdown
it's been more of a meme,
more of a, like like legit utility meme token
on a platform that facilitates like criminal activities yeah there's a controversy that
surrounds the event to make it popular or famous right so has has Dogecoin has anything like that? I'm not aware of it.
Arguably, it wasn't criminal activity, it was just free market
Yeah, peer-to-peer enterprise, bro.
That's exactly what it was about.
The government was probably more pissed off at that. It was
peer-to-peer transactions than it was
The government created it.
Yeah, true, because they weren't getting any tax money right no that's true it's no no different than uh
craigslist really when you think about it right uh except for the fact that well i don't know
did they process any of the payments who the government or silk road silk road or was it like strictly peer-to-peer
and they had like no no involvement peer-to-peer yeah so then it should have been fully protected
i guess that's why he's got you know part of the reason why he's getting pardoned as well
should have never really have happened to begin with when you think about it
local bitcoins right like that got shut down there's nothing wrong with that it's just that
you know it's they can't get their cut right i think a lot of the attributes even like you know
the hitman attribute came in because it was more of a sting operation rather than like
We should make a marketplace that takes meme coins.
We need a chicken place that takes doge chain what do you guys think we need a chick we need a chicken place like it takes doge
i think there's one i think there's a chicken place that takes doge but maybe not in the u.s
i read something about that uh a chicken is good man yeah i mean i mean imagine being able to use
doge to buy chicken sandwiches i mean would you even want to do that, though?
That'd be sweet to go to Chick-fil-A and you could use your Doge.
I mean, realistically, though, like, is that even something that you would even want to spin your Doge on?
No, I'm just saying, like, would you rather spin your money on, like, a a chicken sandwich or would you rather just huddle it?
If I can't eat chicken sandwiches, what's it been for bro? Like I
Want to spend a couple of dollars for a chicken sandwich at least if you had that set sauce
Oh, it's freaking good. It is good
That's where there's like crack inside of there we only have kfc uh
over here we don't even have to do it or popeyes or all the the other like crazy chicken oh my god
it's so bad for you no popeyes either oh god chicken is awesome oh bro i love the biscuits
more than even the chicken sometimes.
That was literally a line out of Little Nicky, by the way.
But no, it really is, though.
Popeye's chicken is fucking awesome.
Didn't he try to get the cashier to jump in the flask
And then just ask for a two piece
And then all those little
The demons he fed the demons with Popeye chicken
They all were like oh Popeye's chicken
Yeah fucking awesome oh that's so funny yeah
but yeah i i would use those like for a currency why not like what make it the currency i'm done
with fiat anyway who cares i would spend it rich i would buy whatever if I could. That's just me, right? How I'm thinking, but I'm done with it.
It would be the ideal, you know, to be able to run even basic functions of society off of crypto, off the blockchain.
I think that would truly be utopia. though even like even today like i'm i'm literally so heavy on the crypto side of things that like
fiat i only use fiat or convert into fiat just to pay bills like if they let me pay bills with
crypto i'm over i'm done like i'm i'm 100 in like you know well there's there was a couple football
nfl football players right where that accepted uh bitcoin and uh a couple of NFL football players that accepted Bitcoin a few years ago,
and now they're laughing because look at the return they made.
50 Cent did the same thing.
He got paid one of his albums.
He made his label pay him in Bitcoin as opposed to an actual check.
And that return, I think he's made, I want to say,
$20 or $30 million on that album just off of what the label paid him.
Hey, what's the benefit of getting it paid to in Bitcoin
versus just taking the fee out on buying it?
Is there some kind of tax benefit?
It's called the capital tax capital gains tax
well i mean benefit yeah like because like you could just take that money and buy it right like
is there like some kind of benefit of getting it straight from like the nfl and bitcoin no not if
uncle sam and usaid has their hand in it well if you if you huddled right so for a while then it's worth it no if you if you're just getting
you spend it right away and then flip it right back to fiat then yeah there's no point but if
you're hodling it for a bit yeah no i mean like if you like got a paycheck from your job right and
then you bought bitcoin um instead of your job is giving you bitcoin is there some kind of benefit
same thing i think if you were getting it in like retirement like you know uh your 401k and like
getting it through like the you know etf bitcoin yes i'm sure there's a lot of positives just
because there's probably no tax on it uh probably i don't know if there's no capital gains on it
Probably I don't know if there's no capital gains on it
That would I mean I'm just I think just today yeah
That's the only thing I can think of
No, it just went quiet for a second
I was like, what just happened?
We had to mind a quick silence block
You know, we had to do it for the algo
Have a moment of silence for the market right now
What I was was gonna say about
bitcoin though is that like uh it's quite surprising when you look at bitcoin's lower
price i think in uh during the covid crash what did it go down to like 3 500 and that was just a couple of years ago. And the price now is over 80K.
Even with all the markets basically shitting the bed worldwide.
Yeah, I mean, it's pretty crazy, honestly.
I think it's actually really healthy for the market to do something like this, to be honest.
I mean, it actually does show how resilient Bitcoin has become, to be honest.
I mean, unless we liquidate down a, you know, 15K or something.
But it truly is showing office colors, to be honest with you.
I know a lot of people get upset about the sentiment here, market sentiment and stuff.
But truly, truly, crypto, Web3, it's showing its resilience.
I mean, we've been showing resilience for years.
been showing resilience for years. I mean, we came into this without any regulations, without
government involvement, and all of a sudden now we've got government involvement
and we're all crying about it. I mean, we wanted acknowledgement and now that we've got
acknowledgement, we've got to deal with the pains of the world.
But it's, in my opinion, right, I think it's just resilient.
Bitcoin is showing off some true colors.
Doge is just doing incredible as well.
I mean, still in the top 10.
Like, that's just wild how long it's been doing that for.
Yeah, Doge is like the, you know, every know every cycle everyone says oh this coin is an ethereum killer i feel like doge is that standard that everyone's holding meme
coins to that no one really can overcome you know i mean do you guys really think another
meme coin could ever really beat out doge on the top spot meme supremacy for a long period of time probably not
yeah i can't see it yeah i can't see it right now we were just talking the other day about
dogs frogs and cats and like it's just it's crazy even to think about it but and
not that because i changed my pfp doesn't mean I'm not a billion dollar cat fan.
But it did show that like almost every single ecosystem's top dog coin was in front of the number one, you know, meme cat coin, which is what is it?
Popcat on Solana. I mean,
that was behind even doge or not doge. Um, even, even runes dog, like, which is kind of crazy.
And to like, to think about the actual ecosystem and all the, all the bullshit that people talk
about, like, Oh, it's got a complicated ux oh it's you know on
bitcoin and it's supposed to be serious it's crazy i think king dang kush came up here what's up
being oh i was just gonna crack a joke because you guys were asking if another meme coin would
ever surpass the doge and i was gonna say well the trump trump coin almost did oh that is true
The Trump coin almost did.
I think it was momentarily.
Yeah, then the jealous spouse
had to launch her own a day later
and just fucked it all up.
Did it seriously get that high?
Did it seriously get that high?
I mean, it got to $13 13 billion which is only 7 billion behind
i think where doge is right now yeah i want to say it was like oh man like number
i'll look at it right now it hit like 80 dollars no on coin yeah it like 80 bucks yeah yeah it's
pretty high on coin market caps still it's gonna be the new world currency by the way you know
there's what three and a half years left
you never know what could happen
we're all going to have to adopt something
you guys saw Trump selling his
citizen cards for five million dollars
yeah he showed it off on the airplane
it's like a visa it's like a visa type know but no it's like a visa dude it's like a visa type of thing citizenship
it's citizenship it's not a visa i love it i love it i think it's hilarious yeah it's like the
anti-open borders policy it's like if you have five million dollars overhead per body come on
i mean if you can afford that yeah i mean if you can afford that that, you're obviously a productive individual, you know?
Well, I know a kid I went to school with, his family came through from China because they had to invest a certain amount of money in certain industries in certain states.
There's been programs like that before where we let wealthy people come in to help prop up businesses and stuff.
Well, I mean, it's like that.
Obviously, that's a citizenship, but there's tons of investment visas that you can get in almost any country.
I mean, it doesn't matter.
I mean, if you got money, every country wants you, right?
100% you bring immediate value into the country.
So, you know, that's what they're looking for.
They're looking for immediate value.
They're looking for people that want to enter the country.
Well, liquidate, but like enter the country and help build. They're not looking for bozos. They're looking for people that want to enter the country exactly liquidate but like enter the country and help build they're not looking for for bozos they're looking for
builders but that's yeah instead of being more like in line with like uh having to make a direct
investment to be honest with you instead of just a flat rate because then you're basically you're
just buying your way kind of through.
Yeah, but with our debt right now, we're in, what,
like a trillion to billions of dollars in debt?
We need to just fix that somehow.
I mean, if we kept going on the same route that we were going with the same tariffs or whatever policy that we had beforehand and without Doge or whatever audit that's going on.
Imagine how much worse and how much of a like like the amount of it would be terrible.
And the U.S. is literally sit on the spotlight at the center stage of this world.
spotlight at the center stage of you know of this world i mean if they kept going that in that
direction and being a leader like what does that say for the rest of the world we're all fucked
things have to change but i don't want to go too deep in that i don't want to go too deep
if i was trump what i would do is i'd buy a bunch of crypto in the strategic reserve
and then i'd make people buy five million dollars worth of
those coins to pump my bags and they can stay as long as they freaking have the coins make them
stake it stay a stake for citizenship yeah like for sure yeah they have to put it into a lock. They have to put it into a lock based on 10-year.
So, yeah, I'm looking at CoinMarketCap right now.
Oh, it's actually dropped off quite a bit.
It's not as high as it used to be.
It might be different on the meme coin side of things
All right, there's some nice gains on for tit coin. We got fart coin
There was a freaking boob coin that came out on solana
But yeah tit coins doing pretty good and fart coin right now
Is there any other chain that has good meme coins
Does Base have meme coins?
There is Squid Grow. Squid Grow's pretty cool.
Squid Grow's got a killer token. I see rocks come up here. What's up rock?
Hey guys, kick coin versus boob coin, which one are we which one are we buying boys?
I like it. I'm going with the tip because I like nipples. I
Like the boob. I like under boob. I gotta go boobs.
A little under boob, a little side boob.
Have you guys actually seen the...
Side boob should be a meme coin.
Have you seen the actual image of the word boob and where it came from?
Well, a boob used to be talking about like being dumb right i'm pretty sure rich is referring to like the top side front side and like it's like three different profiles that actually like
i pinned it to the top so this is this is this is how the word boob, the invention of the word boob.
Oh, God, I pinned this to the top.
Tell me that's not, like, on point.
And it's by the homie DJ. Yes, that's OG like on point yes exactly ends by the homie dj yes that's og as hell that's hilarious
so the space was like changed because of um daylight savings and then it changed back
in like weeks someone said it was because the us does daylight savings a little early or something yeah that that's the
reason because uh the u.s already did like daylight savings like two three weeks ago or something like
that and we just did it last weekend so uh it went back one hour and then it went back to the
the actual time that it was we were likeced with the daylight savings for like three weeks or something
We're just all in our own little time warps.
This is what I'm talking about, bro.
Everything is all just misaligned.
So I see something about tariffs
already discuss tariffs? Why was so i see something about tariffs in the top did you guys uh you guys already uh discussed tariffs
why was somebody changed tariffs oh yeah yeah we did we talked about tariffs for a little bit
i tried to talk about tariffs but richard didn't let me he just uh gave his opinion
yeah i don't really want to go too much into tariffs to be honest richard's trying to keep it dgen
well let's talk about meme coins isn't that the point of the show
yeah do you think they're dead currently do you think pump pump uh uh platforms are dead they still
generate a lot of revenue and there's still a bunch of coins created every day nobody's making
money on them which is crazy why is this still a thing i don't understand harmony ones launching
their own pump dot one if anyone still uses that chain what's what's uh pump.1 is it just the same as pump.fun
yeah but it uses harmony one i haven't heard about harmony since like a cycle or two i know
holy shit we're going back
yeah i don't think they'll ever die i'm'm sorry, guys. Sorry to break it to all the people who...
They want the high returns.
You know, like those tit coins and the fart coins and all that.
People, you know, if you're a crazy DJ and you get lucky, you catch.
A lot of time, they're losing.
The people that front run usually make the money so it's uh with those type of that right so
yeah it won't die but uh i rather i rather doge it myself to be honest for long term i rather doge it
it's not about uh i wouldn't say it's all about, like I wouldn't paint a brush across all the meme coins
and just label them as straight out gambling, right?
Like I think there's something.
Penny, can you talk into the mic more a little louder?
Hey, Faisal, can you mute up, buddy?
Can you mute up for a second, buddy?
Faisal's got his mic running hot.
So hold on, while you're fixing your stuff So you don't really think a lot of the memes
Like especially on PumpFunR gamble plays?
Something technically that has something like a
90 probability of of failing or uh not even making it to to to real market um and that goes for like
tech stocks as well right well if you think short term but i if you're thinking short term though
you gotta think you gotta think mid and long too right like if you're talking specifically
if you're talking about alts right just you know but i'm just saying that like
market wise like everything is a gamble right because um you you don't know how tech is going to evolve over time, right? Like
a new tech could come out that could make everything else before completely irrelevant,
right? We're starting to see that across all sectors, anything that's tech related, right?
So it's all a gamble. And that's why I think people tend to gravitate towards meme coins in
the first place. Cause you know, some people look at the market as, as, as just a gamble altogether
or just a joke. So why not fuck around and make some money and just gamble on meme coins instead.
Right. Um, but I see like meme coins as something much bigger, just, you know, a way to gamble. I see it as like truly, it's a way to tokenize a piece of culture to form communities to build groups of like minded individuals or people who are interested in the same thing, or share that same time period in history right and from there it can evolve and grow and
and sort of mutate into different things so I see this as really no different like this is why even
the government's trying to characterize or frame it in such a way to best describe it as almost like memorabilia, right?
Because that's the only kind of like reference point they can make that
characterizes really what meme coins kind of embody, right? If you look at it from a
If you look at it from a memorabilia perspective, I mean, the memorabilia industry is worth billions and billions and billions of dollars.
Memorabilia is created for tons of different historical events.
It's created for anything that's cultural.
It could be, you know, for movies, for, uh, anything, right. Um,
for any form of art, um, the list goes on. Right. So I, I just, I see it as something,
uh, much bigger and, and much more empowering than just, um, you know, something as a mechanism,
uh, to use for gambling. Right. what is you think about i mean go ahead
go ahead yeah meme coins are pretty interesting right because it's like one of the only
forms of i guess you would say it's kind of like pokemon cards it's more liquid right and
culturally speaking like a what makes a meme coin is its community and its virality like
pump and dubs blow up is because people sell and they leave right but then there's been examples
of people who go in and save these coins community take over coins and make them big like pepe
you know i mean so like it is like basically you could take a meme coin that's dead and turn it
around if you have enough people that believe in the vision right and that's something that's kind of unique well I think at the same
time like a lot of meme coins just get about a lot of bad or like negative
sentiment just because you know if you're wanting to do a fair launch right
like you obviously don't want to cabal it so you know the actual original or the
beginning stages of it are literally fair launching it not talking too much
about it you know doing very little to basically bring together this group that is going to support it
from like the ground floor. So sometimes you have to go through like a lot of these really tedious,
you know, initial launches and stuff. And quite often a lot of them don't work. I mean, maybe
it's because the coin in it, the meme coin in itself wasn't catchy enough to a lot of them don't work. I mean, maybe it's because the meme coin in itself
wasn't catchy enough to a lot of people,
it got hit by one individual who dumped it,
and then it just killed the token.
I mean, I don't think a lot of these meme coins
are like initial scams, like right off the top.
Yeah, there's some who are,
but that's like with even a
serious project. I mean, how many serious projects that have come out that are potential scams?
It depends really from experience and from what we've seen on on on dot chain is there's a huge
probability like 80% are scams, like a huge probability that it's a scam.
Because when you give people the tools to do like mint and create like meme coins freely,
there's a huge probability that there will be a bunch of bad actors trying to extract liquidity and we've seen it happen. uh like through these uh these meme coin launches that that really have real communities that are
are very very incredibly awesome and uh they persist over time and uh become something really cool
yeah like like i would say like i wasn't generalizing it to Penny that all means are bad like we the
discussion basically is about pump fun right versus uh the regular meme coins like that like on Solana
for example all these pump things right so uh like I don't know did actually what do you guys think
did it ruin crypto or it's not ruining crypto right that's the that's what we got to really pin
pin it down to right is it ruining it or not it's a pretty big argument to be honest i mean
yeah it's it's taking away liquidity yeah it's taking away attention yeah it's got this high
level of guerrilla marketing where people can kind of take advantage of those who want to take these overnight success mentality, obviously the memes and dreams aspect, right?
And, you know, like, yeah, there's a lot of argument, but like at the same time, like,
are they a bad thing? Are they killing the market? I would say no, like, I wouldn't necessarily put
that much blame, like I would put a small percentage. But, I wouldn't necessarily put that much blame. Like, I would put a small percentage.
But, you know, because of that small percentage is really, like, catered towards more of, like, the scammer, right?
Like, these guys who are literally trying to go out and hurt people and—or not hurt people, but, you know, trying to steal people's money and scam.
people's money and scam. And, you know, overall, I would, that also gives kind of like a good
perspective on the kind of people who are in here putting money, right? Like, like, this is this is
like a cold hard reality check that a lot of people are coming to show them like, this is what
happens when there's no regulations. And when you just believe anything in everything from anybody,
and you want to play with this meme coin who what you know is going to have high risk
and it's a pretty dog coin instead of taking something serious like Bitcoin, Litecoin
or, you know, Doge or Ethereum, right?
Like you got to know like why you want to buy this pretty little picture as token
versus something that's serious that provides you know
something with that that gives you know economical viableness or give something with utility um
i wouldn't blame it i think i think it's just kind of like it's actually kind of healthy i think it's
it's teaching our world maybe financial literacy at some degree right well Well, there's also a similar lining to that because a lot of the people
that actually entered the market because of the hype of PubFunit, etc.,
and got scammed or got drained of liquidity, got dumped on their heads,
got rugged, they're not coming back.
So whether they had been educated, they had actually been like i don't know what but
they're not coming i would say that's not everybody that's a huge loss not everybody
though like if you think about the casino like people go to the casino first time lose
shit tons of money yeah but still go back like i listen when i first came into the space
the casino is still uh you know that in the casino usually the
house always wins but you still have fair chances to to get there i mean not fair chance unfair
chances but still have chances uh in uh in most of the cases here where uh what we're seeing here in
what we're seeing here in these liquidity extraction platforms
is that you don't have a fair chance.
You don't even have anything.
That's why it's teaching people financial literacy to go,
why the hell are you wanting to go to this pump fund
where it's nothing serious?
And you're looking at pretty pictures
versus something that's as big as Bitcoin and Ethereum
that we all know. how could you not know what
bitcoin or ethereum is at this point like realistically like they're the first etfs
like are you that dumb like i hate to say it but i'll buy them i'll buy some pumpkin
well i mean i do it listen i do it all the time like sometimes like it's not even pumped though
like i don't know if you guys like there there is a thing that you can kind of go on here
and look at them and and and watch them now is it like i don't know so you hear me on the strategy
right so a lot of those have crashed to like nothing right or almost almost nothing would it
make sense to put ten dollars on coins and
see what happens in the raging bull what do you think i mean if you got if it's raging bull i mean
yeah of course i would bet money that there's going to be a ton of uh a ton of meme coins
that are going to perform really well right it just uh yeah for sure like i i'd be um despite everything happening i'd literally
moonbag a whole bunch of like everything because the way i see it is is the markets in general are
just a function of liquidity in general if you look at the way the charts move relative to M2 money supply
and the other liquidity based charts,
they move in the same exact way, right?
It's just a function of liquidity.
So if more liquidity is coming into the space,
anything that relatively has a smaller market cap,
you're gonna see higher gains.
The drug huskies had his hand up.
And then, and not only that,
but it also depends on what the assets paired against
ethereum starts mooning one of the meme coins i would be looking at would be pepe right because
pepe was launched on ethereum and so when ethereum goes up in price pepe goes up in multiples right just based off of simple
market cap dynamics alone
that's a meme coin on doge chain too
because that's what we have to
go ahead anyhow there that's what we have to stress with utility hell yeah man
go ahead ask you anyhow for uh returning to the uh pump dot fun and all those uh gambling sites any smart investor should only should only use some pocket money for investing in that kind of stuff
all his other money should be in the the bitcoins litecoins
and everything else if you're smart yeah you should only well i i wouldn't start i wouldn't
start dcaing into titcoin or anything like that like you know make an investment put some money
down if you get lucky you get lucky but i wouldn't start these dolly cost averaging those things. Just put some small amount in it
I'm going to be a tit whale.
Sounds like a fat girl on the beach.
I shouldn't be on this show.
You're here now, Rock. You're stuck.
Delete that. Cut that. Delete that from the recording.
When I am running for office, this is definitely going to be repeated on the loudspeaker.
You're already running for office.
You're on your campaign trail now.
Do you take contributions in TITCOIN, Rock?
It's a strategic asset. It know it appreciates there's there is utility there so i i
it makes good sense it makes a lot of sense did you say asset
you should have like a rock have your own reserve like peter schiff does right
he's got his bitcoin reserve you can have your tick coin reserve oh that's great
let's see what did what did drug huskies pin up to the top we fire tokens to your wallets elites got 9k dc plus 10 nft holders 55 k dc minimum 5 nft
holders 4k dc man i got the hiccups no nfts for those eligible they got replaced by extra dc
nice yeah that are our monthly airdrops to our smoke club members smoke club baby oh yeah
i will be tapping into that do you have to i gotta say i i know that you know times are tough
right now i know that you know dc not performing you know great and doge not performing, you know, great and Doge not performing great. The market is like, you know, tariffs are going to implode the world.
But I love the Doge chain community.
Like all of these cool things that have been built and people are still, despite the hard
times, still around, you know, building these like fun things.
I wish meme coins had taken this path.
You know, I wish I'm a free market guy.
I'm not against the pumped up fun stuff and the gambling, but I just wish the whole world
would have taken meme coins in a different direction like we we've done with those chain.
Well, doge is just so much different.
I mean, with doge chain as well.
I mean, just the whole doge culture is just this. It's a it's a massive. It's the doge chain as well i mean just the whole doge culture is just this it's a it's a massive
it's the doge train i mean you've got a meme coin that started out you got a strong community then
you got elon come in with it as well join i mean if you get a community that has these you know
really famous or strong people like you know elon come in it really says something i mean
and the community and literally arguably the community just put it into into the u.s government
as the doge uh as doge i mean that is the community and what the community is pushing
forward with doge it's not just you know it's just wild of the sky's the limit of what a
meme coin can do and doge chain is is just a perfect example of the buildability the development
i mean it's it's it's crazy it's incredible i mean 100 this is kind of so bullish going back
to kind of like what we were talking about earlier, and like if there's ever going
to be a meme that flips Doge, I don't believe so.
I think there is a pantheon of memetic iconicism, and I think Doge is...
Yeah, I don't mean to scare nobody off with that, but there is.
There's going to be a pantheon of memes that are going to reign supreme you know repeat that again uh there it's a pan the whole pantheon and that whole
sentence i like a pantheon of memetic iconicism you know there's doge like we were talking about
the other day that's why there was dogs frogs and cats you know because those images resonate with
people doge resonates with people there's a reason why it's a government efficiency department now, because it's resonated so deeply with people just to kind of tap into what Rich was saying.
I mean, and it's that's just it's just incredible to see where the community has taken.
And literally it started like the revolution has just just to see it in the White House.
Like it's literally in the White House, in the U.S. government.
A meme coin has fully implemented itself.
So sooner or less, we'll see it as the world, the global currency.
It might trump Bitcoin at one point.
Calm your horses there. They're building Bitcoin monasteriesies i don't think that's going to happen yet i think a bitcoin religion would happen before doge flips
bit by the way there is a grok religion it technically has performed better than bitcoin to date
on what time frame all time frames. Like to date, it has
I mean, it hasn't outperformed it over the last
like a two year time frame.
I mean, that might make sense.
Even Raul Paul has done a segment
on this uh if you look at the charts and and you know and you calculate uh the performance to date
dogecoin has outperformed bitcoin so i mean no have, right? Like, what did it start trading at versus Bitcoin started at three-tenths of a cent,
and Bitcoin is, you know, 100 times the market cap or something of it right now, right?
Percentage-wise, it's not performed.
I'll have to find the articles and the charts, and I'll try and post them if I can find them.
Dogecoin is the real Bitcoin
Lightspeed up here. What's up, Lightspeed?
Are you there, Lightspeed?
That was really good, Doge.
That was fantastic just now.
I was trying to talk to Lightspeed.
He came up like out of nowhere, so I wanted to say hello and see if he had something to say.
Lightspeed's going, yeah, they're up.
He's probably an LLMm he's just booting his
response model should i say it in spanish
what is that is that are you do you need help or are what did you say are you able to something I speak French, I back on their Spanish. Well, listen, dude, I'm Puerto Rican.
The last place you want to learn Spanish is in Puerto Rico.
Yeah, that's what I hear, man.
It's, like, completely different than any other Spanish, I think.
Yeah, it's like slang-down Caribbean Puerto Rican, dude.
Yeah, that's what I'm finding, man.
I actually tell people I speak Mexican. I don't even speak spanish i speak mexican no because it's true like oh my god
okay so when you grow listen when you actually grow up in mexico because obviously you guys
don't know like i actually used to live in tijuana okay as a child so we we definitely
have a different dialect than any you go from from, like, Tijuana from, like, the West Coast to, like – I mean, it's just like the U.S., right?
Everybody has a different dialect.
We all speak a little bit different.
Just like the Puerto Ricans.
Just like the Puerto Ricans.
And, like, even in Mexico, they have, like, Yucatec, Sotil.
They have other languages that they speak, too.
You know, they still cling to the Mayan language as well yeah the sapotec and stuff like that yeah
yeah hold on so rich and so in tijuana they actually call the dialect mexican no i do ah okay
yeah i just say it because i can get away with it Now the one-liners are rolling
I gotta stop drinking stuff
Because you're just gonna make me spit-take my setup
You should've messed with him
You should've just told him, yeah, that's what they call it in Mexico
He's like, I had a Wikipedia
This is a Grock question like, I had a Wikipedia.
Well, I think the conclusion is Lightspeed isn't talking.
Anyway, Penny, since you're speaking, you have Omnom on your thing. Do you have something to the About Omnom since you're speaking for them
Anything happening there?
Some alpha. Are you trying to pick my brain for alpha? Oh, you know it
All right, yeah, um, yeah, I'm working on a
So you guys know that I like I was first working on developing a game for Omnom
just as a kind of a side project that I was working on and it was it was like a side
scroller essentially or an interactive game that you could play online trying to eat other other
dogs while avoiding things like bombs and then also picking up different power-ups
and creating a leaderboard with everybody's wallets linked. That's still in development,
but I've kind of, I felt that like my time was better spent developing a game that I'm now working on that's entirely on Telegram. So I'm developing a
bot for Omnom where it's going to use the Omnom token and then users are going to be able to
do a whole bunch of different things with the Omnom token. there's going to be an extensive leaderboard where users will essentially be able to adopt a pet
and then use that pet to train over time,
increase their pets' levels to different tiers,
and then battle those pets against other pets or users.
And yeah, so I'm working on that now and uh i can't really give a definitive like eta but i'm pretty close to launching i'd say um but yeah
so that that live feed you had the other day was that was that part of it because i've seen you had a live feed for a few hours about it was that it or yeah i've ran this i've tried to uh i've tried to produce
this game using various different ai models uh so that live stream was me on using replit and uh
their um their newest model uh their newest ai model um so the game was being uh fully built out
through that ai model um but i hit some memory and context problems and uh some of the changes
that were made like the game just got a little too big for the ai to handle um So now I've thrown it into another environment locally where I'm able to
control things with more detail and control. And now I've had to rebuild it from the ground up,
but I'm making a lot more progress than I was making with on Replicit. so that's some pretty good news um but yeah that's what i'm working on now
and uh yeah hopefully the the game's gonna be pretty sweet i mean like it's gonna increase
transactions for doge chain on the chain itself because there's gonna be a whole
wallet management interface where people can uh send omnom to their wallet. We're also going to have like an onboarding campaign
where I'm going to feed some of the funds myself
so that when users first start up the game,
they're already given a little bit of Omnom
as well as some gas in order to pay for the actions in the game.
And like the game is basically like every action that you take
obviously requires gas and it requires the om nom token
itself um but it's it's you know you also have the chance of earning om nom as well through these
battles and through training your your pet animal and uh the way it's structured yeah sorry yeah
that's that's cool i like that animal like so it's gonna be like you
gonna admit you mint them originally and just and then which costs what like are you gonna use om
nom to use to mint them or and then you just upgrade them kind of that the what you're going
out there that's cool yeah basically like a user will uh as soon as they start the bot, they'll be given a wallet that's already generated for them with a private key.
And I'm going to try and get those wallets to already be preloaded with some Omnom and some RAP Doge to pay for the gas.
And essentially from there, you'll have different daily tasks to complete.
Like there will be daily trivia challenge um you'll have to
constantly feed your pet as well as make it um make sure that it's happy so those two conditions
need to be met before uh you can then take your pet and battle it against others um so it's it's
it's going to be kind of like best way to describe it is kind of like a mix of uh
tamagotchi like the old school um game where uh from like the i think it was in the 80s or 90s
um basically uh where you had you had to take care of your pet and then if it died then that
was it game over basically right but yeah we're taking the whole kind of inspiration of the, um, um,
eat or be eaten, um, you know,
kind of idea behind Omnom and then bring that directly into Telegram and
using Telegram as a way for, for users to play the game. Right.
Can you do me a favor and go, om nom nom nom nom?
I was thinking the same thing.
Remember how Jordan would do the crazy Kamehameha?
That's what you got to do.
Every time you start speaking on the Omnom account, you got to go, om nom nom nom nom.
Now you got to leave us into intro every time you that account now penny that's it we're holding it
to it yeah no worries man and then like i've got other ideas that you know um obviously first idea
is to get this up and running but like it can further be extended down the line to like
actually birthing new pets and then maybe minting them as nfts and then you could trade
those like who knows right like the possibilities are endless so i do know this if you look up pizza
pets um they actually did something fairly similar fairly it's almost like an avogadji almost like similar uh and like i so
i ended up buying like four pizza pets oh man they cost me so much too and i didn't realize that i
actually had to take care of it and they all died so i've got like four pizza pets inside of my like
wallet like i could still see the the actual like like it's on chain
but like hey don't register anymore because they're all dead and i didn't like take care of it
uh so not financial advice but be careful huh they didn't turn into tombstones no they're like
i'd have to look at them again. But I'm like, my goodness.
But is that what you're talking about?
It's super similar, I think.
It's actually a really great idea.
No pets are harmed in the recording of the spaces, by the way, guys.
No pets are harmed in the recording of the spaces, by the way.
Yeah, we don't need the aspca in here
yeah sir mclaughlin shows up
that's awesome penny do you want to post something to the top about it or like maybe the website i know it's not ready yet so maybe like the omnom
website yeah sure yeah we'll post the uh omnom website at the top here awesome
i uh empathize with omnom too especially when it comes to like building stuff i got to like
you know tinkering with ai and building and it's good up to a certain extent like you were saying but at the bare minimum it provides a good scaffolding
but when you really want to like get in depth or provide like more rich coding you can't rely on ai
just yet at least depending on some models i know claude is good but it's still only so good
i use all of them to be honest with you and all of them have their nuances
and uh some are particularly good at certain tasks as opposed to others but like the the space is
literally moving so quickly right now um one of the things really holding it back like in terms
of using it for full out uh coding and development is just, it's memory
and context, but there's a lot of creative solutions that are launching like every single
Like there's like different approaches, right?
Like some very unique approaches to solving that situation and problem.
Like, for instance, like augment code is,
is now combining two models together that kind of speak to each other.
And then you know, your, your,
your code base is actually uploaded and stored online.
is able to be retrieved from like a repository as opposed to living directly inside, you know, the IDE and then relying on API calls and then having to reread like context from previous conversations.
you know, what's been kind of holding the space back.
And then certain IDE programs like Windsurf, for example,
they're integrating memories.
And then you can force the AI to create a memory as you go along so that if
are making important decisions or hitting certain roadblocks,
at least you can have things like well-documented.
And then it just like there's a lot of tips and at least you can have things like well documented. And then it just,
like, there's a lot of tips and tricks that you can use when working with these AI systems and agents, right? Like, for instance, always making sure that they fully write and output a MD file
to every directory, so that if you ever have to revisit that file or the structure
with another AI agent, it knows what the purpose of that directory or subdirectory is for and
what's included there. And then, you know, obviously like making like a master change
log that's always updated. And really it just comes down to like fine-tuning and controlling your
ai agents so that they follow your strict rules and you create like it's all about creating a process
um that's what i think we're still kind of like in in discovery stage of that all and it's
it's very sandboxy and and uh but like things are like things are just, things are running so quick now.
Um, 100% and prompting is definitely an art form, especially when you want to prompt your AI to do
something specific, the more coder, like you talk to it, the better your results are because trying
to talk to it with ambiguous, do this for me. AI doesn't really handle that. It handles do this
specifically for this task and this function,
make this happen and code it like this. It does that great. You know, AI arguably has created,
maybe it's a small job market, a very small job market, but it is of, you know, people who are
actually teaching people how to properly prompt, you know, speak or you know at least communicate with the ai and you
know convey exactly what they're what they want to be done um i've actually seen quite a few people
who are that actually give like they teach classes on it and how to properly you know communicate or
i don't know if it's communicate or would it be like command ai it's kind of a tricky command
it's technically command i mean we can we can personify it but at the end of the like command ai it's kind of a tricky command it's technically command i mean
we can we can personify it but at the end of the day it's it's but like do you really do you really
want to say command i mean grok is listening i mean you never know i would just say control man
because like i've i've done a lot of prompting and like there's always one way it sneaks out
that he can like it's hard to box it in right it's such like an expansive technology that you can't really think 100 around it right you could try to but like
it's really difficult to 100 control it you know i mean i think that's oh yeah that's right but it's
it's so autonomous the problem is like it's hard to kind of predict what it's going to do next. You could try to think of 90% of it.
AI is going to come back, and they're going to be like, oh, you think you're going to control me?
I'm going to control you now.
Well, Rich, it's funny you say that.
I've actually built my own little AI model with this company called Shapes.
They're not, like, a crypto project or anything.
They're, like, very project or anything. They're like very much just AI, but they offer like a sandbox environment
where you can build your own AI agent
that functions independently on a webpage,
or you can integrate it into a Discord page.
Do you think it'll become a part of the AI resistance?
I think it gives people firsthand at, you know, customizing their own agents, giving
people an opportunity to customize response models and giving them like, you know, hands
on experience with what AI is and could be.
But side note, I feel like AI is also going to offer like a secret little gold rush for
compute because at the end of the day,
once it does become widely accepted, Compute is going to be huge, whether that be manufacturing,
the companies that have it. I think that's also going to be a huge, huge opportunity as well,
once it does become mass adopted. I think you pronounced that right. It should be huge,
right? That's how you pronounce that?
The market's going to be huge.
AI, it's going to be huge.
We're all going to use it.
Every Tesla is going to have AI.
the end game is is gonna be
like um i think we're gradually moving we have been for many years gradually moving towards
just like the cloud and having compute um done for us and and served to us as opposed to us being
you know uh controlling the compute itself or the hardware
i think that's where we're really like kind of going um and it's just going to be massive
compute and server farms right going forward that that are going to require vast amounts of energy
and and that's what really a lot of countries are kind of ramping up for right now, especially to power all these AI systems.
But I just like, I don't know, man, I could talk about thisperform and cannibalize previous models to a point where it just becomes cheaper and more cost effective to run.
Like we saw that with the AI to do a deep seek outperforming open AI on some of their models, you know, by multiples at a fraction of the cost. And as tech
starts to evolve and get better, and let's not forget that the AI is self-learning now too,
it's going to become more efficient over time, which in effect is going to require less energy,
less compute, et cetera, right? And then the compute, likewise, is going to be more efficient going
forward as well. So, you know, it's... So check this out, right? Like, AI is getting more efficient,
which means it brings prices down. Like, pretty theoretically, it brings prices down. And then
you combine that with efficient money, which is crypto is crypto right so you get rid of the traditional banking system which also brings prices down even
more right so like I think where it's going is crypto is going to power AI and
bots right and that's just the way it's the only way and then I think that with
all the like I hate to talk about this or whatever,
but with all the jobs that will inevitably be displaced,
it's the only way to like build a system of that nature on some real rails
that you can kind of have, have some level of control,
not only in the, the knowledge of,
of the AI and how the AI operates,
like you need some kind of rails to control it.
And I think crypto is perfect for that.
But also to like, not only monetize it,
but like some form of taxation may be needed in the future,
future you know to in order to pay for all the displacement of jobs i hate to say it
you know, to, in order to pay for all the displacement of jobs.
oh man i'm on i'm on mute uh man how scary is it gonna be though like with all these ai agents
and if they take over the blockchain like we we we put everything on chain. Government goes on chain. You know, satellites, everything goes on chain.
Well, I mean, technically, AI is over.
Because I think we're going to the same place, bud.
I mean, like, usually government has access to tech 10 years in front of us, right?
So a lot of this stuff is probably AI.
Well, even if we look at like the way trades are happening now,
we live in like, you know, hyper trading.
So a lot of those trades are being happened with like, you know,
stop losses and bots and like Telegram bots that have like wallets set to them.
Like it's already happening.
Do you think AI tokens will overtake meme tokens?
No, I think that you need, like, I think, like, meme coins, like, you need to have humans involved,
like, it's, it's a natural kind of phenomenon, how some meme coins are birthed like from cultural events that
happen in the world or what have you right so there's always going to be that element of of
humans being needed so i don't think that ais will be particularly effective you know, by comparison. And I think that just like, something like fart coin is just,
it's symbolic and funny on its own. And that's why it performs and does well. And it was a first
of its kind, as proof of concept, that could end up being something more, who knows.
of concept that could end up being something more who knows but I think for that simple fact that's
what what's generally driving it right now it has nothing to do with like anything cultural really
well like if AI takes over right and this is to your point Penny but if AI takes over, right, and this is to your point, Penny, but if AI takes over, utility and technology kind of gets offloaded to the AI.
So what is a human being's real value?
It's like the creativity.
You know, like that's where human beings will still be able to shine.
And I think that's where meme coins will actually take a spotlight.
spotlight. An astute take, yeah. I mean, yeah, human creativity, cog sick, being able to
express humanity in a project and have people gravitate towards it, that's going to be a huge
aspect, 100%. Do you guys mind if I jump in here? 100%? Yeah, go ahead, Light light we've been waiting for you buddy sorry uh randomly had a visitor
come by so i had to entertain but um who was it uh i can't say
but uh i think what's going to happen with ai especially is um you're going to see a lot of
trading volume coming from ai and it's not going to be like it's not going to see a lot of trading volume coming from AI.
And it's not going to be like, it's not going to analyze things the same way that humans do.
So you'll see like AI buying, you know, pickle 552 coin and like, you know,
just these random tokens that you've never heard of or like never really experienced. And they're going to make a bit of money here and a bit of money there and,
and, and refuel that into their own, you know, AI ecosystem or whatever.
And it's going to be plays that, you know,
a regular person could never even, you know,
associate with or, or to analyze.
And it's mostly going to be like AIs trading against other AIs
in these tokens. And then, you know, people seeing like a bull run in some, you know,
nonsense token that, you know, has, you know, potentially no fundamentals or no anything,
but they're just buying it because of technical analysis or something like that.
So I do think that AI is going to be a big player. It'll kind
of make the markets more PVE because you're not playing against other people, you're playing
against, you know, bots and things like that. And you'll see AI tokens make bad investments
and go under, and you'll see other ones make good investments and take over.
And that's kind of where I see, you know, AI really fitting into all of this.
And there'll be communities around those AIs that are doing the trading that are just sort
of like, you know, letting the AI make the call the shots and taking the risk on what
Do you think you'll make a trader obsolete because it'll just be so pragmatic and
good? I don't think so. I think that there'll still be like a place for you to get involved,
but at the same time, it may be choppier waters. It may be larger movements that you're used to.
You know, you could see like a 90% drawdown in a day and then a
recovery within like a day or two or something like that, like just crazy stuff happening, right?
Because it's not actually people making the decisions. And if you have an inclination that
an AI is about to ape into a project, maybe you can front run that. But, you know, we don't obviously even have these AIs yet
But once we do, you'll be able to sort of figure out
how to get involved with them.
AI is still definitely speculative tech,
but meme coins are definitely always going to have their place.
And just to add to Dub's point, meme coins are definitely, I think, at least going to still have their place in the hierarchy of everything.
A lot of people said NFTs are dead.
NFT communities still exist.
Meme coins are still getting launched.
We're just in a volatile time now where we have regulation, economics finance crypto all kind of boiling
in the same jambalaya so we're just trying to make sense of it all as a unit you know
and I think that's the craziest part and the funnest part right
that's pretty exactly yeah yeah exactly but the good the good things a good thing about um mean
coins is we do have some level of clarity now at least from the u.s because they've they've more or
less been classified as as a commodity which is great, right? That means that there's less regulation for them.
It means that they're kind of afforded the same protection
as something like Bitcoin.
And it's going to be super good for Doge as well.
Doge is set to get an ETF very soon, I think.
I think some of the responses are actually due this month
no preference really I think
the bigger returns we're going to get uh yeah that's just my take on
it i still can't believe that there's even etfs that exist for crypto and now we're thinking
about doge uh and etf that's insane what uh what do you guys think about that comment about elon
the other day that caused a stir for a little bit about when he was saying the government's not
Going to be using dogecoin itself
Like it's more of the people's currency. Anyway, I was making tweets about that. I was like what the hell
But I know he got some backlash over it, but it caused a stir
I didn't see that it did cause a stir, but I really don't think it killed any kind of momentum it did definitely no no not for price wise no i don't think so but it
did cause a stir like i had people thinking hey you know be quiet but well yeah he's saying they
might not use it but he never said they won't buy it right i don't care if they use it just buy it put in the strategic reserve
i mean yeah right yeah yeah i think there's more to the strategy of doge right like than just
making it a currency you know like think about it like it's currently the way it's positioned
is different than any other you know token out there right like bitcoins out here and they've come out
extremely decentralized came from the super cypherpunk you know um had an interesting path
you know litecoin has done a similar thing they've done a lot of incredible things um you know go to
ethereum they've gone on this buildability development narrative. And Doge, right, we look at Doge and they are making like really big power moves.
Bitcoin does have a strategic reserve.
Bitcoin is being adopted, you know, by like, you know, Argentina or El Salvador to do a lot of different things.
You know, there's a lot of countries and businesses that are taking Bitcoin, you know, as a currency.
But Doge is doing things in a completely different manner.
I mean, the community movement, I mean, and to really take the rebellion and place it to where the Department of Government Efficiency is such a complete different narrative,
maybe there's other ideas that maybe, like the inner whale,
and excuse me for even trying to go here
because, like, I'm talking about maybe cabals or whatever.
But, you know, there could be other things
than just going straight at the currency payment rail system.
Like there's more to crypto and I think to Doge than anything else, right?
Like there's more to it than I think that we look at.
Maybe I'm looking at this way different.
And the fact that we've never had, you know, a community like basically install the department of government efficiency before
it's just it's just crazy it's just crazy i mean every time i think about the doge community
like in what they're doing i'm just surprised every single time like it's incredible light
speed you don't have to raise your hand man sorry it's just a habit um i think that if you asked elon musk today about that he would have the
answer that you guys got and if you ask him in a year he'll have a slightly different answer and
if you ask him in four years he'll have a drastically different answer it's just that
right now he's running like three companies and also doge and like everything else and trying to have as many
children as he possibly can.
And, you know, once he's done, you know, that and he's, you know, back to his companies
and stuff, maybe he takes a bigger role, you know, promoting or helping out with Doge
because he does seem to really love it.
And I do think that, you know, given enough time um you know these answers will change
especially with the adoption that's happening now uh but we have to you know not lose sight
of the future uh by looking at the things that are said today i'll be honest with you guys um
if the government was involved in doge i i'd probably uh i wouldn't be such a doge maxi
um i probably wouldn't be as involved in doge to be quite honest with you i'm perfectly happy
and content with the fact that the government um is not all in on doge right now. Well, I mean, they've definitely taken, like, a different approach, you know?
Like, arguably, Doge is doing what we're basically talking about.
I mean, it's not like the government is involved in Doge.
Doge is involved in the government, if that makes any sense.
It's just a play on words, right?
It's everything that we've always wanted.
This is why crypto and Bitcoin and Doge, why it's all started, or why the entire sentiment of Web3 has started.
And, you know, Doge is just getting it done, you know.
And it could just come into different installments and changing so many things.
Like I said, it's changing so many things and narratives inside the government.
Like, this is just the beginning for the Department of Government Efficiency.
It could one day say that, hey, the most efficient currency for the government or for the world is Doge. I mean, what are we going to say at that point? You know, like, I don't know. But everybody in the government, or at least on the left side,
is pissed off at Doge. Like, they hate it. Like, maybe not just everybody on the left.
Maybe there's a few people that were extremely corrupt that are pissed off about Doge.
Can I just say that the left, like the number one thing that they do about anything is hating it.
So the fact that they hate it is really kind of a non-factor.
So the fact that they hate it is really kind of a non-factor.
And over time, a lot of people that are on the left realize that they're actually, if they analyze their values, they're actually on the right.
Because they do love family and they do love, you know, well, family.
holy shit that's one thing that like has really been missing um in the world in the last like 20
years is is people starting up families and uh and just yeah i don't know i don't know what to say
like uh i think if most people actually sat down and analyzed their perspective
they would realize that they're not far left.
They might be right, but they're not far left.
Are you saying that you love the Doge chain family?
I've been a fan of it for, I've been around in crypto since,
like I was there when Doge launched, right?
So, you know, it's kind of hard for me to hate on something.
I did previously dislike for a long time XRP
because I felt it was like way too corporate.
I don't really, like they succeeded.
Happy that they're part of the ecosystem
and they seem to be doing
I gotta argue on that one
arguably I don't think they've succeeded quite yet
I mean they still have this narrative that
they're going to be working with every single bank
the things that they're basically trying to do is
becoming a CBDC they're going to the things that they're basically trying to do is, you know, becoming a CBDC.
They're straight up launching this full assault on becoming that and driving this narrative.
Will they succeed? Probably not.
Not themselves, just because they've got DeFi and then the banks could use their own CBDC.
Why would they want to use XRP? It just wouldn't make any sense.
But, you know, I would use XRP over a CBDC why would they want to use XRP just wouldn't make any sense but you know I would use XRP over
a CBDC well that's the thing it's like the bank is not going to want to use XRP so like what
they're wanting to do just doesn't make any sense other than just cause additional analytics and
success stories for the CBDCs to actually be presented to be passed like that's the only thing that they're doing and it's completely evil in my opinion i see some guy has come up what's up
some guy hey nothing much guys how you doing pretty good that's cool that's cool yeah i just
wanted to say i'm still bullish despite this price action going on over here and uh i think means will
means will have its own day it'll come back and uh utility as well and and the best of both worlds
hybrid mean and utility will also uh come forth
nice well there's a guy here's like oh so here's a guy okay uh some guy just looking at your
profile you've only been in crypto since 2021 and you're not uh and you haven't left have you
got into pump fund tokens at all have you gotten into that kind of stuff yeah i got i got a little
wrecked on pump fund i don't think i made one dollar on pump i just i just lost money
um so that phase is over i'm gonna stop uh stop playing around with that but but some of the
the popular memes like the high high market cap ones i'm pretty bullish on um some of them have
you know artwork in their treasuries and their liquidity pools and stuff like that
other ones just got good good communities and um a lot of positive things happening
and some of those big ones actually at first when i read the murad thesis and watched that video i
wasn't too uh impressed but slowly you know learning about the lindy effect things like that
i'm starting to come around and i think that eventually, you know, he's,
he's got a point. I mean, we went to Princeton.
He's got a point with, uh,
with meme coins and communities and people getting wrecked on pump fund and
not wanting to gamble and put their money in investments that are still risky
and still might bear fruit.
I've a be checked all those chain yet. We got some based communities on our chain as well
I think one thing that I would like to say is that wherever you look in crypto, you're going to find that most people are actually very decent and good people.
Very enjoyable to talk to.
Very fun to engage with and fun to team up with.
And if you're looking at it like
this community has you know these people in that community has that people and
and wow they're so similar you eventually start to realize that
everybody in crypto is actually has a lot in common with one another and
they're all very very engaging and interesting people regardless a lot of cool people in crypto for sure oh a hundred
percent like we we all have the ultimate goal I think you know besides just making money just
fairness for everybody pretty much that's why you know Bitcoin was created in 20 and 2008 who got
tired of it they got tired of what's happening you know with the bank runs
and everything and then you know and then a couple years ago you know or even last year two years ago
the bank run talk uh talk came again and that it brought back that into the forefront and everyone's
like oh here we go again right so it's cool like seeing like like some guy there it's cool seeing
people that are a bit newer to the space because to see how they how they think and they're still here so that's cool that's uh because i still
remember the icl days i got wrecked on on i i aped into everything when i first got into crypto was
2016 2017 and i i got into i wanted to get into everything and i got totally wrecked but
i didn't leave i said you know what i'm'm just gonna keep at it and see where this goes because I seen the ultimate goal here why it was all started anyway
So but uh, yeah, I stuck around so it's cool to see cool to see man. Did you buy pillar? Yeah, keep on keeping on
Oh fuck do we have to go there? I prefer
Sos that uh, what was that other one? I got destroyed on
It was that it was one of the original ones where you earn five tokens off your phone and then they had ended up going nowhere
No, not pot. No, not play this even before pie
Not like a helium or something
No, it's before helium. Oh
I think I know what you're talking about. Yeah
That English dude the English dude did it and now he's got like some
There's some platform where you could just use it. He's tried to use it for actual use cases now
Your phone or it's for a phone because I know like Moolah like moolah does where you trade in like airtime
That was a lot of hype for that one. Oh my god, there's so much hype
I don't remember there being that much hype around it. I think my my time there was
Yeah, that's gonna work. Oh you avoid it cuz your parents
True a I bought this one quite called bit connectnect. It was good until it wasn't.
I never got into it at all.
I know a lot of people made a lot of money,
but I never got into it at all.
YouTuber Trayvon or something? What what was his name remember that one dude black guy i think it was like i don't know he went to
jail for a little bit of course of course black guy what i can say that man that really that
really lowered the... Yeah. No, there's a lot of YouTubers, right?
It was mainly white guys, guys.
I remember when EOS first launched
and I had a buddy of mine show up.
We were in this house and everybody was trading crypto.
He's like, I just got a loan from the bank and I'm going to go all in on EOS at $3.
And he did that and he lost everything basically.
And then like three months later, I saw that E was trading um on the ico still for about 50 cents
a piece um and i grabbed a bunch and uh wrote it 20 bucks so there's good stories and bad stories
well you got you someone mentioned you mentioned pie did anyone mind that or even cash out on those
yet i know i i did it for a bit i won't lie i had people under me and everything but mine i don't
know i forgot about it for like two years till a friend uh what a nigerian friend of mine mentioned
brought to me that was on my team hey you know this is launching right i'm like it is because
i forgot about it for like two years and then i went to look i'm like oh cool i can cash out it's
worth three bucks no it's locked until september i said oh well i got screwed but uh i don't even i
haven't even looked the last few days of it still trading oh my god huh
It's locked until September.
Ivan, I didn't look at it for two years because I thought, okay, I'm done.
I'm not bothering with it anymore.
This thing stood for six years.
I have no idea why mine were locked in September.
Other people already had theirs unlocked.
That's what I'm thinking.
What kind of bullshit is this?
Because I didn't remember doing it at all.
Why is mine locked until September and Buddy next door, his is okay,
and it locked until June or July or whatever?
I mean, the whole thing stinks.
I won't actually buy any myself.
If it's worth something by September, I'll be gladly cas't actually buy any myself. I just want to get I if it's worth something by September
I'll be gladly sky catching out and flipping it
Yeah, the feeling it won't be worth anything by September. That's the problem. Yeah, that's I know that's
Well, we'll see bring it high and then they'll bring it low and then you'll get your tokens and then they'll bring it high again after
Well, the good thing maybe because it's coming like if it unlocks in september and
usually notorious crypto does perform well like uh october november maybe i'll get a little bit of a
a spike when you know you waited two years What's another couple months, man? Yeah, well, no, I forgot about it for two years.
And then a friend mentioned it to me again.
Yeah, I don't see it having any kind of future either.
Speaking of mobile, are you guys up on what's happening with the Ethereum phone?
There's a group of guys from Freedom Factory that are releasing an Ethereum integrated phone, which is built on top of Graphene, which is built on top of Android.
But you get the privacy, the security, and then you also get the blockchain integration.
So I'm pretty excited about that.
I'm not showing, they're not even minting anymore,
but they're going to be releasing the DGEN1 phone pretty soon.
And we're going to be an app on there, which is pretty cool.
The DGEN phone, is that what they called it?
Oh, wow. The D-Gen phone, is that what they called it? The D-Gen one. D-Gen one.
And it's not really like a phone to replace your iPhone or anything like that. It's like a phone to replace your hardware wallets, basically.
It's just like a more capable hardware wallet is what they're marketing it as.
That sounds like a terrible idea.
No, that's fair true what's up the arc
and the reason why i said the argument about it right like okay yeah it's it's a great idea to be
a hardware wallet the terrible idea is is like isn't the point for me to like not have my hardware
wallet constantly connected in my hand like you know aren't you supposed to have a hardware wallet that you can kind of like
disconnect and you know maybe dig a hole and you know leave it in there for a few days and maybe
like forget that you even put it there yeah it does kind of defeat the purpose i guess maybe
that's the worst that's a bad description maybe maybe it's a bad description the way you just
maybe i maybe use the wrong word yeah well word for it. Because you should still have your cold storage.
You have your everyday wallet.
Yeah, I wouldn't say hardware.
I think what we're trying to get at is that it's more secure in the sense that it performs more like a ledger, if that makes sense.
Yeah, that makes sense to me.
That's how I use my ledger. Actually I have my ledger plugged in 24 seven and I use it to execute
And I just use it as a kind of like a physical fail safe or protection
against like any dApps that might try and force a transaction without my
I'll keep a separate like hardware wallet just for storage as well, where it's, like, not connected at all.
I just run, I've got my two ledgers, and then I have, like, I don't know how many cold, or how many hot wallets I got.
I've got, like, five, like like different types of wallets who doesn't bro
you gotta pump that up you know what i mean like amongst like my bot wallets like i don't know
and then like if i decide like i'll just like throw it back into my ledger if i just want to
lock away and throw away the key i don't know That's an interesting way to use your ledger. I guess a lot of people do that.
Who's rocking a paper wallet?
By the way, not financial advice. Don't do what I say. I'm terrible.
I've been liquidated only twice.
I hopped in a space where he was
talking about how most mobile phones, especially like Apple devices, are already kitted with like
ledger secure tech. It's just a matter of like regulation. And of course, the adoption that's
stopping a lot of the technology we already have from being leveraged as secure like ledger and
storage tech. Yeah, and that's what they're basically doing
is they're making this phone to like exploit those features
for the benefit of the users.
I'm not sure what it's called,
but it's like a sanctuary storage area of the phone, I guess,
where you're able to like keep more sensitive information.
But at the same time though uh like what
richard was saying it's it's good to have a cold wallet that's not connected to anything and then
use that maybe to drip some funds to your um to your more you know hot wallets and i would consider
a mobile wallet to be a hot wallet because you are carrying it with you technically it could get
stolen it could get destroyed um like all those different things. You have to take that into account.
But I think it's important to support the projects that are going in on this in a very serious way,
because they're probably going to become the phone companies that support crypto in the way that we support crypto,
rather than buying a Samsung
integration. I wouldn't trust
it as much as something like what
It's definitely a cool concept. I totally agree.
I'm all for that, for sure.
it's been a great space. We're going to wrap
We've been going on for a couple hours now what do you
think ivan yeah definitely we can uh we can slowly start wrapping it up it uh great space
two hours already time flies it's because we we went light speed. Right.
Even though we were, we were literally like all speaking to you.
You know, we were speaking to you like 20, like different languages, right?
Like trying to get your attention.
We almost whipped out the Dutch dude. Like we were, we went down Spanish, French, English.
English I mean we were going down the list but we went through different dialects of Spanish
I mean, we were going down the list, but we went through different dialects of Spanish.
turns out I was just away from the computer for a second but I really appreciate you guys having me
on um definitely would be interested to uh join again uh in the future um I like the the conversations
that happen here thank you guys well awesome you want to go ahead and wrap us out yeah sure so next week guys uh i'll be sending out the
link within a couple of days uh um very very cool stuff that uh that's coming uh we've talked to
some uh some cool speakers that uh that might be joining so uh don't miss next Friday. Same time.
In UTC, I have no idea what time it is now.
I know that in Central European time,
Always the same time frame.
Never budged from that so that people don't get lost.
Anyway, that's pretty much it from us today.
And have a great weekend and happy friday again
awesome thanks everybody for joining us omnan penny from for speaking king dan kush uh dub digital
crypto canuck ac light speed goblins penny two, the drug huskies, everybody that joined today.
And of course, our wonderful co-host, Richard.
I'm Ivan, and we'll see you next Friday.