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New Twitter Metas & The Color Orange 🍊- #CryptoRoundtable
Recorded: June 12, 2023 Duration: 1:42:05Space Recording
Short Summary
The crypto market is experiencing volatility with a recent flash crash affecting altcoins and NFTs. Despite this, high-value NFT sales like Fidenza indicate ongoing interest. Luxury brands like Louis Vuitton are entering the NFT space, while Alibaba partners with Moment 3 for NFT ventures. Security remains a concern with significant hacks, and Peter Schiff's NFT launch on Bitcoin Ordinals marks a notable project entry.
Full Transcription
O'B. Tritians.
Real name.
No gimmicks.
Two trailer park girls go roundy outside.
Roundy outside.
Roundy outside.
Round the outside.
Back out of the outside.
Roundy outside.
Roundy outside.
Roundy outside.
Who.
Guess who's back?
Back again.
Shady's back.
Tell a freak
Yes who's back
Guess who's back
Guess who's back
Guess who's back
Yes he's back
Yes he's back
Yeah
Yeah
Yeah
Yeah
Yeah
Yeah
Yeah
Yeah
I've created a monster.
And somebody wants to see Marshal or more.
They want shady.
I'm chopped liver.
Well, if you want shady, this is what I'll give you.
A little bit of me mix with some heart.
They got some vodka that I jumpstart my heart quicker than the shots.
When I get shocked at the hospital by the doctor, when I'm not cooperating, when I'm
rocking at table while he's operating.
You waited just long to stop debating because I'm back.
I'm on the rag and obfuating.
I know that you got a job, Miss Cheney, but your husband's heart problems complicating.
So that's a job.
CC won't let me be or let me be me so let me
let me see they try to shut me down on Kim TV but it feels so empty without me so come
on your lips jump back jiggle a hip and wiggle a bit and get ready this is about to get
happy I just settled on my lawsuits you david now this looks like a job for me so everybody
just follow me because we get a little controversy because it feels so footy without me I said this looks like a job for me so everybody just follow me
Follow me because we get a little controversy
Because it feels so empty without me
Little Helions
Kids feeling rebellious embarrassed
The parents still listen to Elvis
They start feeling like prisoners helpless
So someone comes along on a mission and yell
A visionary vision is scary
You start a revolution
balloon the air waves of rebel
So this let me revel in asking the fact that I got everyone
Kiss of my shit and it's a disaster
Such a catastrophe for you to see so damn much of my
Hey, and we're back in action.
Thank you for joining us on a beautiful Monday morning, everyone.
We're going to give it a little bit more time as we wait for more of our speakers to join the panel.
But if you head on down to that comment section, you can hit that retweet button.
Share out this space and help get some more people in here as we are back for the first time in a few weeks.
And we want to get that Algo going for Uncle Elon.
Thank you so much for joining us once again and drop those comments down below.
Sit for Tadway.
Anybody who's talking this and that shit, Chris Kirkpatrick, you can get that shit.
Worse in the middle than biscuit.
Moby, you can get stoned by Obie.
You're 36 year old bar that's dead.
You don't know me, you're too old, let's go, it's over.
Nobody listen to techno, let's go.
Just give me the signal I be there with a hole that's full of wind salts, I bend over.
Suspenseful with a pencil ever since prints turn himself into a symbol.
But sometimes, man, it just seems everybody only wants to discuss me.
So this must mean I'm disgusting
But it's just me
I'm just upseeing
So I'm not the first king of controversy
I am the worst things
I'm selfishly
To do black music so selfishly
And use it to get myself wealthy
There's a concept that worse.
20 million of the white rappers emerged.
But no matter how many fish in the sea,
it'll be so empty without me.
Now this looks like up top of me,
so everybody just follow me,
because we get a little controversy,
because it feels so empty without me.
I said, this looks like up top of me,
so everybody just
Just follow me because we need a little controversy because it feels so empty without
Thee La La La La La La La La La La La La La La La La La La La La La La La La La La La La La La La La La La
Kids
What's goody? What's goody, everyone. How are you all doing today? And on this beautiful Monday morning at that, I'll go over to my co-host, Began, how you doing today? It was great seeing you yesterday as always.
It's so good to see you and seeing the dog. Okay. You know, I'm always trying to hang out with your dog as much as possible.
Yeah, my dog likes hanging out with everybody as much as possible as well.
I hear you have a little market update for us today.
I mean, before beginning, with the fun of I see.
Hold on, what is it, Silly?
What is it, bro?
What is it?
This is the first, all right, right, this is the first.
Mario, what are you doing here, bro?
I thought you two, I'm not.
I thought you two poplar for this.
No, bro.
I'm, I can't, come on.
Come on, any time that Mario joins us on spaces, it's a pleasure.
His account is, I'm not, I'm not the host.
I'm not usually, I'm not the host, so, bro.
I can't remove you.
Well, I thought you're too big time for this place.
Sorry, but I can still, I can still mute you, bro.
You're a speaker.
So, so, man, this is, just for the record for everyone.
This is the first space that's solely organized himself for
from the beginning, you know, obviously goody and helped him out as a first base that Begin will be co-hosting,
we'll be moderating. But, you know, as shit goes down and things don't go well, just for the record,
Sully's the one to blame. But all right, well, you don't want to market updates, Sully. What do you want to do first?
Tell us. No, no, I was going to, I was going to introduce the main man begin, but you've done that now.
You did a crap job, but we allow it.
But separate that Mario, I thought you were too big time to be on this.
Alright, enough the jokes, bro.
All right, so Begin, we'll do a market update.
Is that correct?
Answer, bro.
To let the people know you're not forgot about him.
All right, Begin, do you want to do the market update, man?
Yeah, sure, sure, sure. Hi, I'm Began. You can blame stuff on me too. I'm still working on
stuff out here. So after a fun little flash crash in crypto last week, especially around the
old coins, NFTs definitely took a little bit of a hit too. Most things are down a little bit across
the board, like every kind of major quote-unquote blue chip collection. Things are holding still
kind of steady punks at 51, apes at 47, you know.
Azuki and Degods are only down like 5%.
There are major sales happening still, though.
The three Aero Capitals doing their actual liquidation of their collections.
We had a Fidenza that just sold for 20012 Eath.
So still seeing some pretty high stuff in the ARPlocks market.
And there's been a couple little collections that have come out and popped up.
Like one new in the Remilio ecosystem, the Kauai like teens popped up
and is a little bit under like 0.1Eth.
So it's kind of slow for NFTs, but a new meta is going to emerge probably this week.
That's all.
We also have the Louvaton drop coming up too.
And I think that that one's coming at a big, big price tag, $40,000 for their
NFT.
But seeing a luxury brand get into the NFT space is going to be pretty exciting.
Is it not?
I mean, $42,000 and it's soulbound.
So it's real luxury.
If you can't sell it, that's pretty much the ultimate luxury.
That's just burning the money.
What are you talking about?
Hold on.
What are you talking about, begin?
Begin.
Yeah, Louis Vuitton was releasing a...
So they're doing...
So you got...
Hold on.
Louis Vuitton is actually doing an NFT and token
despite everything we're seeing?
100%.
Okay.
And how's...
Big influencer campaign went out.
Okay.
How's the interest?
How did it sell out well?
Did it launch yet?
So it's pretty controversial because it's a super small collection.
I think it's like less.
It's like 200 or somewhere around there.
And it is $42,000.
The $42,000 gives you a solebound token that then will allow you to buy more stuff in the future.
But you do also get a small physical trunk.
But the idea is that it's so few people, 200 people, like it doesn't even matter if the response isn't that good because there are 200 rich people who want to flex this much.
But there was a bit of a backlash on the timeline last week around it.
Okay, and just in general, by the way, Began, I might talk here and there, but the show is yours, bro, so run the show.
But just a question, like, how's the market, man?
Because we saw Alcoins fucking dump like crazy, and we covered that in the other show.
How is the trading volume in the NFT ecosystem, beyond the prices dropping because the native token dropped?
How are the NFTs doing?
Yeah, you know, it's tough to always know exactly what's happened with the whole market.
But I will say that a lot of, like, with the all coins dropping, everyone kind of stopped shitcoin trading for like a couple days.
And I actually have multiple friends who traded NFTs just this weekend because they were like, I'm kind of looking for some fun like back in the old days.
It didn't really impact like.
The volume that actually is showing in NFTs, though,
are from these giant Fidenza sales and things like that.
And so it's kind of obscuring it.
So truthfully, it doesn't feel that bad and kind of people got bored of the,
if the alt coins are crashing, then the shit coins, then who cares?
I'm going to go back over and do NFT trading.
So it feels like we're kind of moving back to NFTs, but too really to tell.
You do have also quite a bit of action happening in NFTs because of the lending platforms that are going crazy.
Blur lending, finances coming out with an NFT loan platform and Astoria as well as some others.
They're really adding to that NFT trading volume quite a bit, especially with more projects being added all the time to Blur's lending platform.
People are really going crazy when you can buy in such as a Nizuki for one point something rather than the 17th floor that it's at.
Yeah, totally. I have a couple friends that are leveraging that, like, pretty heavily. It's pretty scary. I'm not doing it myself. You know, loaning against NFTs always does scare me. Maybe I'll try it out. Also, speaking of the Suzuki, though, Zuki of Vegas party is coming up and they have notoriously done amazing parties at every single event. They've, like, most of the time when like Apes or someone else is competing with Azuki, people come away saying Izuki through the best party. I don't know if it'll pump the floor or not, but they've done multiple major, you know, drops at events. So, yeah.
That could affect the Azuki floor soon.
In addition, this week, we actually saw something pretty exciting from the NFT side of things.
Alibaba and Ali Express is coming into NFTs in Web 3 with a partnership with Moment 3.
And so it'll be interesting to see how one of the biggest sales platforms in China, the Shopify of China, so to speak, is going to impact the NFT market as a whole.
Yeah, I was going to say for Alibaba, I mean, are we going to be able to buy
NFTs in bulk and finally get that discount rate?
That's what I don't like right now.
If I buy 10 NFTs, like it's the same price on Alibaba.
I'm always getting a discount when I buy 50.
You might not get an actual board 8th, though.
You'll get like a knockoff version of the NFTs that you're trying to buy from Alibaba.
You know what I mean?
Oh, yeah, 100%.
There's always that risk.
Got to be careful.
So, yeah, check the hexagon.
In additional news, also, there was a couple NFT hacks this weekend.
Bit Boy Crypto got hacked on his Twitter account.
And I think they made off with almost 300,000 in NFTs.
There was also another North Korean hack that stole almost $3 billion in cryptocurrency.
and another hacker group targeted sturdy finance stealing 800 million.
So there have been some pretty significant outflows across the ecosystem,
not just with the SEC cases with Binance and Coinbase and people liquidating,
but also with some of these hacks happening.
As always, make sure you guys are watching yourselves and protecting your wallets
and never, ever, ever click on.
a link on Twitter when, oh, the Bit Boy, someone just messaged me saying the BitBoy crypto funds
is up to 700,000 in funds stolen.
So definitely never, ever, ever click those links on Twitter.
Nobody ever does a surprise drop, especially anymore.
Begin, I mean, you've been in NF2s for a while.
Let me know, like the first topic on the agenda you said is the color orange.
What's that all about?
The color orange, Began, you want to get into that?
Yeah, a couple of things.
Well, I mean, first of all, like, the color orange is obviously, it's taken over because of Bitcoin's and then Ordinals.
But really more I'm talking about by Little Orange Square like I see in Fittie's profile here, which is we're starting to see this new way of, I guess, using the Twitter platform.
Let's go to Fitty.
Fitty.
You've got an orange badge.
Why have you got that on there?
And why is that so important?
Everyone's got badges.
Yeah.
Great question.
Good morning, everybody.
Thanks for having me up.
So I got the badge from Ben.com bought that orange company.
I forgot what it's called, $66,000, whatever.
And I got this thing because I was a part of the Siamen Loyal, and it was sent to me.
And it was kind of an interesting idea.
Basically, he was trying to make like a little club, like an exclusive club.
However, his Twitter account is now locked.
And I cannot remove that.
The only person that can remove my orange thing now is the person who gave it to me and issued it to me.
So I'm stuck with the orange thing for a while until they get the account opened up.
Bro, that is messed up.
Isn't that messed up? Because let's be clear, I mean, this Ben-Eaf guy, he's not got a great repetition.
And now you linked with him forever.
Well, I mean, I'll make, I'll mean, look, by the way, BitBoy's account is, uh, is now safe.
He's got it back, the Twitter account just for you guys.
I spoke to his team this morning.
And, uh, the same person who got, uh, Ben's account got Franklin and there's a couple
other ones.
So there's some serious stuff going on.
But yeah, this is, I'm not too worried about this.
I'll be able to figure it out.
I've already contacted Twitter.
I've got some solutions on how to make that done.
But what's interesting about this is this.
I actually wasn't sure how this is going to work, what this is going to do.
It's an experiment.
But the other day...
We had my friend Spencer, who owns Arizona IST, came into Twitter space and Ben was on my space and he said, hey, listen, I love what you've done.
It's very innovative.
I want to get this badge for my employees, for all of my people there's own IST.
So anybody that comes in with a little A...
on Arizona IST for my company, it'll be exclusive for them and people want to interact
with that account.
So it's not a bad idea.
It's very innovative.
It's very interesting how the badges and how people have taken interest.
And for people who don't know, I mean, his net worth is somewhere over $3 billion on
the founder of Arizona IT.
So he's taken an interest.
And a lot of other people have taken an interest in it.
So I don't know 100% what they're going to do,
but they're talking about doing this like a little exclusive club.
So let's say the Kardashians came in.
Well, we know who they are.
They have big accounts.
But let's say they brought somebody in who's a small account and a very small following.
Now people will take an interest into that account by saying,
oh, let's see who this is.
They work with a Kardashians.
So I don't know.
It's an interesting topic.
It's innovative.
I'm intrigued.
That's kind of what I can say right now.
Yeah, so there's a couple things there.
One is it's definitely like an evolution of us all grouping ourselves, right?
So even right now, you know, Phiddy, we both got board apes right now.
So, you know, oh, board ape, board ape.
Maybe we're part of the same crew.
But, you know, we've seen the whole ape follow ape breaking down because a lot of people
use apes to actually scam.
And so now people don't trust them even more, even if it's a hexagon.
And the problem is with like hexagons is you can click on a hexagon and it can take you
to the actual, you know, ether scan website and you can make sure it's the ape one.
But you, it's...
That's just too many steps right now, right?
Whereas if I do the orange square, if I click on it,
I actually take into the org on Twitter,
and then I can see the other people in the org.
And I think that, I mean,
I think it will be manipulated for scamming just like everything,
but it is at least like easier than having to go out here.
But, yeah.
A lot of it has been used for scamming with the affiliate badges, like different organizations.
People look at it and think you're pretty legit straight out the gate.
And you can make an organization anything.
As long as you have, what, $10,000 and you want to pay for it, you can really use it in any kind of way, can't you?
I mean, yeah, the thing is that eventually Twitter can they can probably kick you out of the program, right?
That's one thing here.
Actually, actually, actually, you got something to say?
Yeah, no, I've been going over this with a bunch of different influencers right now.
It's actually $1,000 for you to set up an organization and $50 for each person that's affiliated with that organization itself.
Now, it does increase that barrier to entry, but if you're scamming people, I mean, $1,000 is not that much money if you're looking for a big payout.
But the big thing here, which I'm a little disappointed with Twitter app,
is that you have to be verified organization. I've been able to get myself verified as an
organization. I just don't feel like chilling out the money to, you know, get the little square and
everything else that goes along with it. But it's way too easy to become verified as an organization.
It seems like it's just a money grab right now. And that's the hurdle we have to overcome next.
Okay, at the same time that we don't care about money grabs necessarily for Elon,
sometimes if you're willing to pay because Twitter's not profitable.
He needs to make this platform profitable so then we can start having video features
and better Twitter space features.
And so I, whatever, for me personally, I'm like, dude,
if someone wants to pay the money for some sort of organization,
let's get this money and get more features on here.
But yeah, I do, I mean, I do understand some of the tension about it, though.
You know what I could say about is when I first started out on Twitter,
I saw people with blue check marks.
And it was really kind of cool.
You know, even my little daughter was like, oh, Daddy, there's your famous friend.
So, you know, I remember when that was happening and that was kind of innovative and it was cool.
Like people, and if you looked at people's accounts who had the blue chuckmark, you're like, oh, okay, well, that person did this and this one did that.
Occasionally you would have that little scam thing come around or somebody who probably paid for the blue chuck mark.
But for the most part, like we knew who had it.
And then all of a sudden...
The blue check marks just pretty much go to everybody.
Now you can't change your PFP.
And then the square comes in, the big square.
And then people are saying, you know, the square could hack you.
So I just think they're trying to figure it out.
I don't think this is the end game.
I just don't.
That's why I'm not really that bullish on any of the stuff yet.
I think we need to wait a little longer, let Elon figure it out.
Let me bring Jonah in, Jonah.
I love it when you come to the big spaces and you smash all these guys and tell them how they're getting everything wrong and it's lame.
Like this seems really boring to me, so let me know what your thoughts are.
Regarding ordnals?
No, not ordinals.
See, Suleiman doesn't even know what we're talking about.
We're not talking about ordnals.
We're talking about the orange squares, especially.
Yeah, whatever is.
It's so boring.
I mean, you put me to sleep.
The affiliate badges versus the PFPs.
Because you guys are bored me.
I fell asleep.
Jonah, tell them how they're crap.
I like ordnals. I don't really care about orange badges.
You know, Elon's just going to build his own product. It's not defensible. And, you know, I'll wait for Elon to do it.
I'll put it like this. Jonah, do you ever think that PFPs will go out of style in the orange badges or affiliate badges in general will kind of take over?
Or do you think that, you know, seeing an ape as your PFP or an Azuki as your PFP will still reign supreme?
I think PFPs will probably always be in style, mainly because
There's like an error for people who say controversial things and don't want their public face.
There's an air of more confidence and safety around a profile picture rather than a badge or you change your profile picture.
And, you know, whether people believe it or not, it is true that if you change your identity too many times, you're not recognizable to your audience.
And that's not just on Twitter.
That's any platform.
That's Instagram.
That's YouTube.
That's LinkedIn.
If you keep changing your identity every...
every day you're not going to have an audience because they don't know what to affiliate with.
And everyone, you know, kind of thinks they're like the next Joe Rogan, but, you know,
you're not and you need to build an identity to get to that position.
You're not special just because you talk about something.
You need to have a brand.
There's such an advent though with AI PFP, sorry, I'll go right to you, but there's such
just an advent with AI PFPs and things that are not NFT necessarily.
The fact of having a hundred KFP to quote one of our favorite yield of sources isn't
necessarily still the thing that people take weight in, is it?
Did you know that this picture I'm wearing is not an NFT?
That's what I'm saying.
Like, you've had a non-NFT PFP forever.
Like, you've been that PFP for the longest time, and you've branded around it.
You haven't needed an NFT.
Wouldn't having an affiliate badge be more weight for you?
I don't think an affiliate badge matters because it's kind of like what your value to the ecosystem of the badge is actually matters.
Like, people don't follow me because they...
only recognize this anime JPEG.
They follow me because they're like,
that's the guy that says the things that people don't want to say out loud,
and he also knows about gaming.
Like, that's what they know me as.
So that's why they follow me.
And I'll probably have better search than people with an orange square,
most people anyway,
just because of what I say and how consistent I am,
not because I have a badge on Twitter that,
You know, and I have no problem with the badges.
I think they're good, but I'm going to wait for Elon to release that product.
I don't want to use a third party.
I want to go directly to Twitter.
Real quick.
So there is a couple of things we're talking about here, and I agree with a lot of what Joan is saying.
So there is the product that the Orange Square crew can sell to other people, which is making it if you're not a company, will set you up with some NFTs to be able to sell the badges.
That's one side of the argument.
But the other is just using the current affiliate system for any company.
to try and see, does it give you an advantage in the way that PFPs did work back in the day, right?
So for you, Jonah, you're running a company, real third web, okay, you're hiring more people.
Do you want to give all those people a badge?
Because in everyone who, when they pop on a space and they're not known, they're not Jonah, they're not in all the spaces.
They go, oh, shit, it's got the Jonah badge.
Shit, get them up here.
He probably knows about gaming because he's associated with Jonah, whereas if I saw, I don't even know what PFP they would put to associate with you.
So there is multiple arguments there.
I also want to hear what Yogi has to say.
You know, yeah, I think you kind of hit what I was going to say.
It's, I think that just having a square or like the like the official company thing doesn't really matter as like we can see like it's hard to see what is legit, what's not.
What's valuable is when like major corporations have it.
You know like the New York Times or even like Azuki or board apes and you know that these guys are affiliated so you can trust them.
I think just me launching, you know, call it Blue Badge or.
whatever badge tomorrow and then giving it out to people is kind of stupid like what's the point of that like yeah you can show it you can kind of leverage it i just see orange squares and i'm like well i'm not gonna i'm not gonna touch that probably i'm not a fan of the
you know let me give me any example of why i don't unless unless twitter is selling the product directly i do not believe in these affiliate badges if they're not being sold through twitter officially because i think you just run the risk of losing your account the risk is too high just not worth it but um
Let's use space cleanse an example.
No, they don't, they don't pay Twitter for the special badge.
You sign with phase and then you just change your name on Twitter to phase yogi.
But nothing changed.
So it wasn't the badge that made him powerful.
It was the fact that the brand around the thing that they were selling.
And whenever someone put phase in their bio and they were actually phased,
They just got better following and better search,
but they never had to pay for any badge.
It was just like the brand around it.
So, and I don't think there's,
I would make the argument that this orange square thing,
I probably get search as good as anyone with an orange square.
And I don't have one.
But like we're kind of co-mingling the, like the affiliate badges.
Like all it's meant to be is the parent-child relationship of the core company and giving you that verification, right?
Like Jonah, like I could put phase yogi and people could get confused if phase had a badge.
Like that's what Elon's like technically experimenting with these affiliate badges.
Now going to a random company and saying, oh, can I get your orange square and I'll pay you 50 bucks a month?
I don't get what the point of that would be and like why people would care outside of like what your PFP already is or whatever else.
Like if you're an outsider coming in or trying to brand yourself.
Like at the end of the day, it's just about like are you tied to this?
And I don't think I have no idea what the data is.
I'm like if an orange square gives you better search.
than others. I feel like you can tweet your way through them. At the end of the day, quality is going to come over quantity on some of this stuff. And so, yeah, you could have some short-term gains, but over time, it's going to kind of equalize. And you're going to have to actually do stuff rather than try to gain the system.
It's also about information density. We're still going in this world right now. Look at us right now. We're on a Twitter space. We're all little circles. If your name has three dots next to it, I don't know who you are, right? And now we're shoving checkmarks and other stuff to it. If I put phase in front of my name, phase be in phase, dot, dot, dot, right? But I can have Began and then the phase clan, little F, whatever, and then you can probably see a lot more stuff here. But I want to hear a couple more opinions here. Professor, what do you got?
GM, GM, guys. Nice to meet you. Nice to be with you on the stage.
Yeah.
It's my pleasure to share a couple of thoughts that I have related to the badges and related to the
PFPs. And let's start with PFPs. I think the PFPs are actually dying as we know them,
but they have to approach now the totally new era. And I think it's related to the personal branding.
Because those PFPs that we are using, they are showing actually who we are. At least I tried to
to select that kind of BFP that is showing characteristics that I have.
And now if we talk about the badges which are just added to the product portfolio of Twitter,
I think it's a very smart move from Elon to generate additional turnover.
And if I see what's happening in my own company, the people are asking me actually, when?
When shall we have them, when we will get them?
The people want to identify with the group.
They want to show that they share the values of the group.
And I think this is a good way and it's helpful in combination with personal branding,
which you can express with your PFP.
And the last thought that I want to share is related to the people that minted the orange
square.
Guys, I really don't understand you.
Most of you are not new on Twitter.
Most of you are really mature in the NFD space.
And then you are minting something together with 9,000 other people.
And you know that Twitter is working like that,
that you have lots of limits like how many people can you follow at once or unfollow and so on.
What did you expect that 9,000 people, and even more, if we calculate the trading on top on the secondary market,
will be able to change and manage the badges just like that.
Of course not.
but Professor,
this is the problem,
though.
It's the,
I have no,
like,
I am all for the idea
of selling a product like
Orange Square,
but I don't believe
in third party selling it.
Because,
like,
It makes no sense.
Like the Orange Square thing, this is a product.
Elon can probably draft up in a week with his engineers.
This is his product, though.
The Orange Square is.
He's selling it to the...
These people are driving an N-O-T.
No, it's not the same way.
It's a secondary...
It's like a wholesaler.
It's like...
Costco.
No, no, may I give you the background?
May I give you please the background?
So the orange squares are actually NFTs or the entry point to get the orange square was the NFT project from bent.
ete for 1.0.1Eth.
you could mint the NFT and utility related to that NFT was the orange square.
So this means he actually reported the company on the Twitter and he was affiliating the people which minted those NFTs.
This means 9,000 times he had to do the same job.
I'm sorry guys, but there is no technical API on the Twitter,
which can handle 9,000 calls just like that.
So it was so clear that Twitter will close that immediately
that I'm really wondering myself, asking myself,
Why did you do that?
Maybe you bought it on the secondary market,
but then you still have to exchange,
let's say, the affiliate connection on the Twitter.
So again, to use the API of the Twitter.
Okay, cool. So a couple things, Joe, and I actually do kind of agree with you. There is a problem here where Elon could say, wait, you bought these through NFTs, take the orange squares away, cut their orange squares off, and then boom, this whole business kind of falls apart.
Not only that, read their Twitter policy. They have a policy of the page already up with contracts. I know this because I work in my three gaming. I wanted to know how ads work. You are not allowed to use Twitter advertising for any blockchain game more NFTs. It
It is straight up not allowed.
Now, can they look the other way because there's money coming in?
Sure.
But that's like saying you work for a drug dealer, and the drug dealer says it's really cool
until, like, that one day you get busted.
Like, you're not sanctioned by Twitter to do this.
Yeah, but...
Yes, but also a lot of stuff that happens in this market is, you know, gray fuzzy markets.
We're in crypto until the rule to become more finite.
Elon's going to say, how much do we make it from these orange squares?
Let's go.
All right quick.
Let's go to Fitty though.
So I hear both points for Professor and Jonah.
And you're all right.
Like this is not.
Nobody's wrong.
But I will tell you, since I got this orange square.
People have been coming into my NFT project, say, oh, you support that.
I'll buy into your projects.
So it has had a positive impact.
So...
I kind of looked at that.
And yesterday I was just driving down the street, and I saw a bunch of motorcycles,
like gang, gang motorcycles like Harley guys with a bunch of tattoos.
It's no different than that.
They're like, hey, we're all going out on Sunday for a motorcycle ride.
Join us.
So this is creating groups within groups.
So, again, I'm not saying the policies are right or wrong.
I'm not even going to question on that.
But the idea behind it is very positive because you can actually create something very cool.
And I've seen that work.
Wait, do you know what RICO cases are?
Of course I do.
Okay, so now, since you made the biker thing, the minute that one of the bikers is caught
selling copious amounts of cocaine or whatever the drug may be.
So we can just, that, so you're saying that we could put a RICO case on any of these people
who hold badges.
One of you guys do something wrong?
Why not?
Not all bikers have to be bad.
These are just hardly guys who go off for waffles on Sunday.
Well, Rico doesn't care.
Rico cases don't care.
Let's just use people who like to go dancing.
They wear a certain way.
Or people who go bowling.
They wear bowling.
I'm just saying they're groups.
I just made the biker as a reference.
I wasn't going into that conversation.
Yeah, motors, motorcyl gangs are in a specific category, right,
where you can get in more trouble for congregating in a group, right?
It's, I don't know if they're going to be like,
oh, look at all these Twitter MFs with the same emoji next to the name.
Rico, it's a gang, you know, so.
Yeah, I don't quite about that.
Real quick, I want to go to action, though, and hear what you got?
Yeah, I mean, it's really nice hearing from all these people
that are pretty much nilling, but, I mean,
I'm super boldly on affiliations in general,
and the reason this is orange is, like,
doing something good in my opinion is because they're just highlighting it. That's all they're doing.
I'm not saying that I'm going to go out there and spend a bunch of money just to, you know,
support what they're doing. That I buy it? Sure, that I ready flip all of them and everything
I'm holding is just profit. Yeah, absolutely. So there is money to be made as far as NFCs are concerned.
But, you know, I kind of, I got to address what professor is saying here because BFTPs are dying.
Absolutely. When people can't relate to them any longer.
you're not going to see, you know, Fiddy's PFB die ever because he's branded his board
ape that way where all his feed is all about his PfB.
Not only that, when it comes to the 9,000 people, right, being able to put this on Twitter.
Yeah, it's antiquated.
First, we're not going to have 9,000 people putting that badge on, so you're not going to
need to make 9,000 calls.
But secondly, it's not an API call that's happening.
It's literally like a little janky platform that you got to manually add people.
it's not where it needs to be yet to Jonas point it's not ready and that you know the product
needs to be upgraded but the terms and conditions talks about unlimited unlimited availability for these
affiliates not only that going through the terms and conditions they're not doing anything wrong
legally they are allowed to do this and this is you know speaking with a person who put the project
together in first place but it all boils down to what fit he's saying in my opinion honestly it's
i think he nailed it when it's a
all a matter of belonging, the same way that we use as PFE to be a part of a community.
This is just bringing people together.
And yeah, you're going to get followed by the people who have those badges if you're now
part of that, part of that group.
And just like that biker gang, maybe we can say the same thing about, you know, board apes.
If a board ape, you know, we'll scam somebody, are all board apes now liable for that?
I mean, that, that, they'll be insane to go out of that way.
Action, you know what cluster mapping is?
Yes, sir.
Okay, so basically people who are in crypto and NFTs on Twitter, even though Elon may like parts of it, most of Twitter performs cluster mapping, which means anyone who likes my comments, who upvotes my comments, whatever you want to call it.
I am already mapped behind the scenes.
And you can see this on a GitHub repo.
There's actually an algorithm posted in the GitHub repo,
where no matter what I do,
because I've posted about crypto and I've posted about NFTs,
I will never, well, this account at least,
I'll have other accounts.
This account will never, well, most likely,
unless he changes the algorithm,
will never leave the crypto and NFT and defy bubble
because it already has a strong affiliation based on followers,
following, and likes.
I would assume if you do cluster mapping with a badge, an affiliate badge, if one person, I'm not, Fiddy's not like this, but let's just say, I'm just using an example.
Fiddy's not a bad guy.
If Fiddy did something wrong that Elon or Twitter or a political campaign did not like,
What would they do? Well, they would not only cluster map his account, but they would cluster map the affiliate badges associated with it in order to cluster ban.
So why would I want to be having an affiliate badge?
Like, I would get it if it was like, I don't know, an affiliate badge for Proctor and Gamble, right?
Because they're such massive ad buyers on social media that they're impossible to shadow ban because they make these social media brands profitable.
But if you're like...
Ben.ease, why wouldn't they just shadow ban all the affiliate badges and steal the product
and their own?
And Jonah, that's for more like the orange squares.
But then you got like Tom over there with the mice media affiliate badges.
So you know he's connected to a company in some way, shape, or form.
I feel like that's got a little more significance than the orange badges do when it comes to any of that cluster mapping or, you know, just professionalism in general, right?
Yeah.
There's two things to think about here.
One is when we think about like PFPs, I can go buy any PFP, I can set it up as a hexagon.
For the affiliate badges, in the current system, if I pay the $1,000, I have to then invite
each individual person in.
Now, this whole Orange Square NFT version is getting around that system and it's a way that
anyone can join.
And then as Joan is saying, there's problems.
Oh, no, someone who's a scammer joined in, what do we do?
But the other style doesn't have to be like that.
Like, you know, mice media, I'm sure it's not like I buy an NFT and I've got a little
mice media next to me, right?
But it's.
It's the balance between whatever the, like people joining your community.
We're not actually filtering them.
We're going to grow faster, but that could be dangerous versus this like more
restricted thing.
I actually do want to hear what Tom thinks is.
He's rocking a badge or not.
Abi, how are you?
You'll remove, oh, you'll begin, begin.
I'll give you a tip.
Whenever someone doesn't speak, just remove them from the panel.
Just invite someone else.
And Began, just to pick you back.
GM, I'm quite good.
Thanks for having me up here.
My perspective on the badge is particularly if you're interested on, you know, doing outreach for a company or reaching out, for instance, for space guests, or for listing on an exchange or any other aspect related to that.
To verify that you're actually part of the project, particularly if you're a smaller account, maybe sub 1K or sub 5K, for example,
It definitely helps with first recognizability to prove that you're actually part of whatever you're saying you're part of.
And also helps with, you know, engagement over time that people will slowly be able to trust you,
particularly if you're part of a brand and you want to represent that brand at scale.
But I guess this is more for people with a smaller following, in my opinion,
and anyone else who is able to be their face of the brand themselves.
For instance, like of a Jonah, he doesn't need a real third web.
Bad, for example, because he is real third web.
So I think that's my perspective on it.
You don't think it's so, Jonah, for you.
I'm actually curious, right?
So you're building out your company.
You're hiring.
We see the poster you're all doing there, right?
I join your company.
I've got a smaller account, and I want to be like you.
I want to build my brand.
I want to talk about gaming, right?
But I don't got the cloud as you.
Right?
So I'm going to be asking you, hey, come on, man,
paid $1,000 and pay the $50 a month for me.
So then when people click on your name,
they'll be taken to a profile that includes me
and maybe I'll get some of that cloud.
And then, you know, I'm building off the you.
What would it take for you to actually think that was worth...
like spending the money.
But before I answer that question, let me reverse that to you and ask you this.
We're sitting here on the roundtable.
Mario and his company have significant clout on Twitter.
They also have, but they're not offering you a badge, right?
Right now you're sitting here co-hosting.
You don't have a roundtable badge to improve your search.
Why are you doing it?
Yeah, that's right, Mario. Where's my bad?
No, you know, because we're testing it out as far right now.
That's really the reason why I'm here.
But I'm just making the point where it's like it's not the badge that makes the company.
It's the company that makes the team.
So like if you, like if you wanted to apply to work at my company,
You're not, if you, if you told me you were applying and one of the things you wanted was a badge, I wouldn't hire you because it tells me that you're not actually interested in making content, you're interested in getting reach. But the reality is that it's a chicken and egg problem. You need the content for the reach to actually matter. So,
Maybe I would give you a badge because they go, okay, Began's proven that the last two years he has a podcast set up.
He has a Twitch following.
I can look at his past performance, right?
Maybe not indicative of future results, but I have something.
And I can say, okay, maybe I'll give him a badge because it would take what he's already good at and would slightly improve his metrics.
But if I'm hiring a new person at the company, I'm not going to give them a badge if they don't have prior experience in media.
In fact, most of the people I'm probably going to hire probably haven't worked in media before.
because this crypto-NFT gaming space is not even three years old.
So how could they even have experience unless they go higher from very professional entities?
And those people aren't going to ask for a badge because they want their own identity.
Because if I ever fire them or they ever quit, they want to be able to take their own personal account and embed it into another ecosystem.
Okay, Jonah, this is perfect. Thank you. You got it. So what we're going to do now instead is when you get hired by real third web, right? You have to earn a badge, right? Employee of the month gets a badge. You got to kill it, the most engagement, the best Twitch dream. I'll agree to that. The rule of them I have is if I hire someone, they need to deliver double what I pay them.
Right? Hopefully. Maybe I'll be happy with 0.5x. Okay. 1.5x. If you can deliver more than what I pay you on a yearly basis and it doesn't deeply affect my margins, I will get you a badge for sure. That's fair.
But see, even this like this idea of like not having it be a permanent thing all the time, but rewarding something temporary.
Right.
I think like think about apes, right?
Apes want to highlight different people in the community every week.
Getting a retweet from board Apes if you're trying to build off that IP is important.
So Apes once a week picking, yo, this is the ape killing it the most.
They get the A badge and then celebrating that.
And then everyone's seeing that in their name and spaces.
It's like, oh shit, you're the person who actually won this week.
Let me follow.
And then boom, they can move it to someone else next week.
Born Ape is going to be spending the $1,000, just the 50, and not have to keep expanding it.
So I think there's a lot of other ways of using it versus just everyone actually use a badge.
But do want to hear a couple of other people.
It's like a gold star on a fridge is what I feel like we're getting into.
You know what?
There's a safety issue here, which is actually useful.
You can click on somebody's affiliate badge.
Go to the other people that are working with, DM them and say, hey, I just saw somebody that I'm interested in talking to.
They just offer me some of this person work for you.
And they could say yes or no.
That happened to me.
Somebody reached out to me with some link,
and I don't click on stuff anything anyways.
But I reached out to somebody that badge was affiliated to,
and they said, hey, this person, no.
They had nothing to do with us.
So it's an easy way to do a verify, like a background check.
So I'm always looking at the positives and everything,
and Jonah's looking at the...
all the other stuff.
You can just say I'm looking at the negative.
You can just say I don't get offended by that.
Well, you're not looking at the truth behind like the paperwork and all that other stuff,
which is good because we need both.
So I just think that it's very innovative.
And I think there's something here.
I'm not 100% sure exactly what it is.
But I like what I'm seeing and I like what it's done.
And I think if we could perfect it or Elon could perfect it because I don't really care if it's from Etha Ben or Elon.
I really don't.
I just think it's pretty cool.
That's exactly my point.
The minute Elon just, but you literally proved my whole point about this, which is the minute Elon offers this product, this orange square is dead.
Benny's product is probably dead.
I've heard this thing from, I guess, one of his partner's control where they're like, well, why wouldn't Elon just buy us?
Bro, this is like you're already using his tech.
Like it's not like this.
It's not complicated for him to build this.
It's not like a crazy ecosystem.
And here's the thing.
If you're,
if you were making a shit ton of money,
they would buy you.
But I don't think you,
I don't know the numbers,
but he's probably not making a shit ton of money.
Because in the words of Chumath Palipatea,
how you say his last name,
but very smart investor,
there's a,
he says a thing on,
on his show,
he goes,
your size is not size,
right?
Like, their size is not Elon's size.
800,000 a year is not considered revenue for Twitter when you pay $40 billion for the product.
That's considered not even an appetizer.
That's like a rich cracker.
So, you know, size is not size.
So, Jonah, the way, the thing is that, yes, the Orange Square being sold with an NFT could definitely die and be taken away from Elon, but the Orange Square itself could actually remain and be a useful thing.
And also, please do not respect Chumath, Polygopatia.
Well, it's just that comment.
It's the same one from Succession where he goes, you are not serious people.
Like, I love those lines.
Those power trip lines are so funny.
Please no six-section spoilers.
I haven't started it yet.
Actually, I do want to hear what Yogi has to say, though.
Yeah, on the...
What was I going to say?
The, uh, the tooth, I guess like one thing that Fitty said was like the security side.
Like, I think Jonah was looking at it purely from a branding perspective, which I understand.
And then there's also just a security side like I touched on earlier when, you know, if someone's impersonating being a member of a company, there is a value to that and quickly being able to verify or vet.
And like technically that badge shouldn't just be given out if you're not a part of that. So ideally, you know, say like,
Azuki, for example, they're giving out their affiliate badges to people that work for them that can answer questions and kind of have the fiduciary duty to do best for the company there and to its customers.
I think when we just think about it purely as an affiliate badge and branding, I think this is probably the next iteration of what blue checks become.
I don't think it's going to be the same parent child if you're really just doing an orange square to do an orange square or whatever else it may be when it's not really a company but just unique branding.
I just see that as like, you know, what blue checks could become.
Like the blue checks base.
is eight bucks and you want to do some other custom skins.
Maybe your blue check is orange or gold or whatever it is.
Maybe that is...
Yo-yo, if I can keep this controller, I'll pay for it.
Because that's such a great brand is to have the Twitter controller emoji.
Yeah, I love that.
I think that's...
how I, you know, generally think about it. At the end of the day, it's just people flexing
different skins. That's what PFPs do. Now we're talking about checks. Hopefully we find some
equilibrium, but I kind of just go back to and then like the size, not size. I love that. Chimoth,
I don't know if I like him or hate him. He was the SPAC King that went to zero. I had a lot of great
plays. But there.
There is something to say that this is being built at a scale that no one at a ground level is going to be able to replicate.
They could probably build some branding around it.
But even that's not that defensible.
I think early on Began, I think you're talking about like the 8 PFPs and like what's happened there and just general scams in the ecosystem.
And it's about, you know,
branding takes time and that mode around that brand takes time.
And what you do see is a lot of abuse in the ecosystem when, you know, anyone can
technically use an APFP because not all of us are trying to do octagons.
Like we don't want our wallet stocks.
And so we'll stick to the round circles.
Maybe there's a different fix there, but like you can't control a lot of that.
And maybe this affiliate badge just because, like if Twitter makes it difficult, we're like, hey, everyone gets the blue badge, but the gold badge is KY seat.
So you do know who the people are.
I just see some sort of tiered system that comes to play over time, especially when they have skill and they can automate a lot of this stuff because it is difficult.
Yeah.
you know yeah i pay for it if they could prove that by having the badge i don't have to
um be clustered that is that for everyone here that is the biggest problem with twitter is clustering
and i know they do it they say they won't i know for fact they do it because they get
The GitHub repo basically says they do, which is if you talk about a subject that may be
unrelated to what someone else would like, I'll give me an example.
Because I talk about Web3 gaming and believe in it, I cannot get searching Web 2 gaming on
Twitter.
I can do it on YouTube.
I can do it on LinkedIn.
I cannot do it on Twitter because the algorithm is structured in such a way that because
even with the blue check, you cannot leave that.
cluster. So by having a gold badge in K. YC, if I can try or test other clusters, I'd pay for
that way more than I pay for the branding.
Well, I will say, like, already Elon has shown that, hey, you get a blue check mark.
We are going to actually a lot for both you in the algorithm. So I definitely think as these
tiers get fleshed out, he could start offering those things. Also, I do have to point
out with your little controller right there, because I'm doing the same thing. A lot of
us, you can do the poor man's affiliate badge, right? Just put an emoji before your blue
check mark and, you know, you can get some branding there as well.
It kind of becomes a pay-to-play platform, right?
Like, I think of Twitter as, like, a free-to-play game.
Like, some people want to start and, like, kind of build up and grind.
Some people will pay for optimization.
And, like, because at the end of the day, like, if enough people get the blue check
mark, does it really have value?
Right?
Like, if everyone's getting 40% less ads, like, are you really getting less ads?
Like, it's all relative.
And then I just think...
Yeah.
Well, saying the blue, exactly. Everyone gets the blue check mark. Cool, we all got that now. Cool, there's features associated with that that are not just associated with like your reach and your cloud actually. So now we need gold check marks. Okay, we got gold check marks. Now we need squares. And they can just keep selling us more stuff. And I'm not because, you know, whatever, Elon needs to make money. And we need to differentiate ourselves across more things than just a single like, do you have a check mark or not? I would, I mean, I'm okay with having three badges in the future.
future.
One that's like, here's a checkmark, here's a company I work for, here's, you know,
I don't know, another project that I'm associated with, a charity I'm associated with.
Yeah.
So I think what would be great to see is if they have the checkmark and it gives you like a little
list, you know, if you wanted to like expand details as a person.
And.
And, you know, what I mean by that kind of is, you know, has this person, you know, verified his phone number or whatever it is, like maybe it's like a bit more simplified for the UXUI.
But like, hey, does this person have two FAA?
Because just generally looking at all these people that get scammed, it's kind of funny to see like you got to be a fuck like, just a guy.
Apologous for language, but you've got to be a fucking moron to get hacked at this point
time just because like we know how sim swapping works.
We know it's rampant in the space.
Why don't you have 2FA that has an authenticator app or a Yuba key?
Like there's ways to prevent this.
Like it isn't that easy.
And so if you have a million plus followers and you're getting hacked every other month, like that's,
there's something wrong with that.
And so there should be like some kind of ownership.
Survived a sim swap attack.
That's what I want.
I want a badge that says I survive, which also if you guys didn't see Brantley, he tried to get called for a sim swap.
And he actually published like the story of how it happened.
So if you are like afraid of it, that's a good little example of that.
But yeah, like I don't want like you have two factors.
I want you survived an actual attack here.
I haven't actually heard from it.
Is it Jow?
What's going on?
Hey guys, it's Joa.
I think I like Jow better.
Just keep calling him that.
As long as you don't try to make a Hispanic and call me Hoa, I'm cool with it.
Because that one's the worst.
I just see these affiliate badges as a fad that's going to fade away.
I mean, look, you have three board apes in the crowd.
You're affiliated to Bored Ape. You have a Cryptopunk. He's affiliated to Cryptopunks. You have
an Azuki. You have kids call Beast. They're already affiliated. Why do you need an extra badge?
They're not affiliated though. They're not, they don't work for Bored Ape. They don't, you know,
they are work with Bored Ape in any kind of way. They're not necessarily affiliated in the same
way that somebody. I mean, yes, the Orange Squares, you don't work for the Orange Square company, but
Right, that's what I mean.
Other affiliate badges like the Mice Meteor or you see it with, you know, all these news outlets, like those are actually affiliated with the business.
And so you know it's somebody that works for that business.
Like even Twitter employees have the Twitter badge nowadays, right?
So you know it's like more importance.
I'm talking about the new...
the new met with the orange square right like i see it as a fad and and fidey i do i do like your stuff
no offense like i just think it's something that that's going to go that's going to go away
because that's what nfts were doing for a long time um so why do i need another version of an
nfti so here's the thing goes away it goes away but one thing i could tell you what's what's
really interesting like last night i was on space with leap on they were talking about the ape coin dial
The apecoindale is really fascinating.
I don't know if you guys know that, but right now they have programs.
You could just go and listen to their spaces and get free Apecoin.
They're giving away ApeCoyne.
They're like literally giving away.
It's crazy.
Imagine I had a BoredApe and I had a little affiliate with ApeCoondale.
You would be able to ask me, hey, what's going on with ApeCoyne?
How do I get a grant?
How do I get ApeCoin to start a new idea?
So this is just another way of reaching out to people letting them know, hey, I do something
more than just have a Bored Ape, if that makes sense what I'm saying.
Also watch out, Fiddy, you're starting to sound like Matthew, let's go.
Free ape coin, free ape coin, come and get it, so, uh.
There's so many stuff they're doing, they're letting people, they're giving ape
coin to people for ideas.
Let's say like ape water wanted to do something, so they gave them ab coin to start
with ape water.
Now, there's a bunch of other things that are, that are, that are, Apecoin is working
with.
So I'm just saying, like, let's say you guys have an NFT project or a token or whatever
you're doing.
And I had a little affiliate thing that said, hey, I work with ApeCoy and Dow, which I don't.
you would be saying, oh, this is cool. Let me reach out to Fiti. Maybe you could help me get a grant instead of going out and start applying applications everywhere else. We're here in crypto. Apecoin's here to help us out. I'm just using them as an example. I'm not promoting Apecoin right now. I'm just saying it would be an interesting way of saying I'm not just a board ape just like the other three in here, but mine's a little different because I do something else.
Well, not only that. I mean, Joe, you said that there are three apes in here. That's what you think. You don't know if other one of us here got apes and might not want to rock it. We might be just using another PFB. So this gives us another opportunity to affiliate ourselves with something else. It's just expanding that network in general. It's got that tremendous value like John was saying, absolutely, which is why I can't disagree with him. And the reason I follow him is because he always comes out with, you know, real stuff that.
sounds terrible to most people and it's like no no it's read between the lines you just being
honest but the benefits that come with it are it's well we got to pay attention to because right now
there are some benefits um supposedly again supposedly because this is what it says as far as the text
goes and the terms conditions and all that you're supposed to be getting premium support with this
you're supposed to be able to change your name change your pfp without losing your check your check mark
so there are additional benefits that kind of come into play when you're doing this thing and um
I'll give you insider information, I guess, because it's happened to me.
It happens to other people as well.
A lot of companies are now reaching out to different influencers asking them, hey, do you want my badge?
Because they want to promote their brand via somebody that has a ton of followers.
And I mean, it's a way to monetize it, right?
Like if you're an influencer in the space and you have a broad reach, why not take advantage of that?
It's an easy win for these brands.
Say, hey, part of the contract is that you need to be affiliated with us on Twitter.
And I know people that had literally stuck with some of those things because they couldn't change it.
They had contractual agreements that kept them there.
And here's where everybody's going to throw their hands up and Joan is going to hate me for this.
But Bitcoin's value.
is because it was first, right?
That's the biggest thing that they have.
There's better tech out there right now,
but Bitcoin's still king because it is what kicked everything off.
Now, that's the reason why I think this is orange is going to have value long term
is because they were first in trying to implement this.
I mean, yeah, I've been in Spaces with Fitty where I talked about this exact same thing
and how to implement it.
And all of a sudden, these guys come out a week later with a product.
It's like, whoa, they just sold it for a million dollars.
great for them. But because they were able to launch it first before anybody else, that's where the value is.
Is it going to be a crazy thing where it's going to blow up? I'm not really sure, but I think there will be
remnant of like, hey, I was here when this thing first started. And some people will have the desire to
have that association long term.
Yeah, we'll say, I think it's, we haven't talked about it. It is interesting the actual features you get.
And another feature we haven't mentioned is you get increased media, like upload limits, which if you're like, I don't know, you know, art project, if you're art blocks, right?
Every time I buy a piece of art blocks, I feel so bad when I go and compress a GIF and I'm like watching it get worse.
Like I literally, I feel so bad.
And if you're anyone who's selling, you know, high quality digital art, that's definitely kind of makes sense for that here.
Yeah.
Changing your name.
Oh, man.
I wanted to change that rabbit to like an alligator yesterday.
And it was like, nope, lose your badge.
And I'm like, I'm not going to do it.
So boom, I got a square.
That's nice.
Well, what was with the rabbit in the first place?
Is it like an Alice in Wonderland thing?
No, it was the year of the rabbit.
And that's when I changed it.
It was like, right, 2020.
It was like, year of the rabbit.
I just threw it in the beginning of the year and didn't even think twice about it.
Then I tried to change my name this week.
And I realized that was a mistake.
But big of it.
Again, you run an incredible production on Thursday nights, which I hope to make it out this Thursday.
Imagine when people come in spaces, they're like, oh, okay, this is the guy who runs that thing in Venice.
He's got a color and it's like says a V or whatever you want to call it.
Now people can look at your little...
orange badge or purple, whatever color you want to do and say, hey, this is where it's at,
this is where we're meeting, this is what the requirement, or let's say you change it.
So it's a really good information thing.
Like I really like the technology and how it's innovative.
I mean, the rest of the stuff, probably would get work through.
But at the end of the day, like anything that's ever started, we've all criticized and made fun of it until it got good.
Then we're like, wow, this is the best thing ever, including AOL dial-up.
When dial-up first came in, we're like, can I bring my badge into the other side?
I mean, I think so.
Why don't, I think you could, yeah.
And if not, we're going to just use the SDK.
We'll, like, program the feature right away.
Actually, a question for both Jonah and Crad, because Crad, a co-founder of Kid Called Beast,
as like people running projects, founders or something, how do you want people to find your
employees associated with you?
Right.
So how do I know it's a real kid called Beast employee and not some scammer?
What's the ideal situation?
It could be badge or not.
And then I do want to ask, like, hey, what would you do to have to actually get badges
for your community?
Honestly, I'm just going to be completely frank about it.
And like, we've kind of already made the decision in our communities.
But, like, the second that there's a better alternative to Twitter, like, we will go there.
Like, Discord is the best for finding people that are associated with you because...
You have your Goodnight bot, you have no way to get scan links, you can have like a controlled ecosystem.
But the second you like take a step outside of Discord, like all bets are off.
Like there are so many in like innate scams and like ways to hijack your account and all sorts of shit that it's just like, it's hard.
It's a really hard way to find meaningful people.
And I honestly think the only way personally is using the follow account,
like seeing if like core team members are following that person.
And even that is still a risky game because people can change their names.
And you also can just make a network of, you know, fake accounts following fake accounts.
And, you know, I've seen that before.
I'm like, oh, look, they're following all the real people.
Oh, my God.
There's 12 fake accounts here all pretending.
But okay.
Yeah, Kyrgyz and Jonah for you.
Like how do I find a real third web employee here?
well for now I like them to just be operating our official work accounts but ideally as we scale
and I'm actually working through an actual product not just content because I love content
but I think we need to be working on products so we are working on one I'd like them to do video
threads I
I think that is going to be the, and I've been testing them myself.
I also, I'm a big believer that if you're going to run a company, you need to show that you can do certain things yourself in the first place.
So I'm one of the few people where I am the content creator and the founder.
And I've seen this in Web 2 where having people, anyone who starts to meet, like Mario does this, he's the same way.
Right. If you start a media company, you need to show that you can build your own base.
This is what 100 Thieves does, what Phase Clan did. This is what Barstool Sports did.
Every great media company has a founder who's also a content creator. And so the first way that I hope that they find my company is that they like my content, which is why I do videos. I do threads. I've done a podcast for like the last two years, right? I would hope that I, I,
get to a point in scale where I can bring on other people that also want to make videos and
podcast content where I'm not really telling them what to do other than here's the subjects that I
like. Here's what I think we should talk about. And then you take that into account and you say,
okay, well, what's the best way to grow the content and my own profile at the same time, which is a
mutual benefit for?
the real third web company.
So it's not badges, it's video.
Because that's the best way to authenticate
that someone is real for now
until AI takes that over.
Then we can think about the badges.
Yeah, I mean, I guess that's tough though.
So it's like for the video that we're still talking about like, how do I, if I meet someone in person, right, and they've made videos for you and it's like awesome content.
But like let's say they're not doxed, right?
And they're just making these beautiful, you know, I don't even know videos.
Right.
And then I meet them in person.
They're like, yo, what's up?
Yeah, I work for real third web.
I make those videos.
Right.
How am I supposed to confirm or you expect all your employees to be doxed on camera?
I don't expect all of them to be.
I expect them to be docks to me personally because I'm not going to hire anyone who I don't know their background on.
I'm absolutely going to run a background check because we live in a world where I like, what if someone's an amazing content creator on Twitter but it ends up being like a pedophile, right, as an example?
Like I'm not going to have that in my company.
So I absolutely want K.YC behind the scenes.
I won't docks in public though.
I'll tell you what, I'll give them a R3W backpack or a custom Xbox controller and they can walk around with it.
There's other ways to give branding beyond a badge on Twitter to prove it.
But I'm not saying I don't like badges.
I'm just saying it's not ready yet.
And I'm not, unless Elon acquires it, which I don't think he will, I'm not using the Ben.d.eath badge system.
I'm going to use the Elon badge system because I don't trust that.
I'm just going to be honest. I think I think Ben.eath is a to a degree a smart guy. I think he's to a degree means well, but I think he's a complete flight risk for anyone who associates their brand to him because I'll tell you why. Not because he's a bad person. It's because that you never know what he's going to say. Like if he if he drinks a couple of shots, if he takes a couple shots of tequila on a space.
You know, one day the coin is worth 10 million, the next day it's worth 5 million.
Same thing for badges.
One day, the badge that I, the product I use through his badge company is worth $5.
The next day, it's worth $3.
I can't trust that.
I need a very stable business to offer that service for me to want to use it.
I don't mean to correct you, but it's eager meister shots.
You know what I mean?
But do you get them saying?
Like, it's not, as a business person, I cannot trust that I will not get,
crushed because my brand affiliation with him because the way that he says things can come off
very poorly. I mean, what about the fact that he accidentally said the N word?
Listen, that's exactly why BitBoy pulled out. He said, I cannot be with a person.
The dude accidentally said the N word on spaces. There's no way. There's no way. I can't,
I can't have a company use their bad system. I think we're all with you on that one.
I mean, I don't think anybody's going to argue that.
Yes, agree there. Here, action. What's going on?
So it is ready, though. Like, Joan, I get it that it's not ready for you and the things that you want to use it for.
But in a sort of a way, it is ready for some people. Some people that do want to use the basic features and don't care about getting clustered with, you know, certain other individuals.
So it's not ready, you know, I would say for the masses and everyone that wants to use it. And it's not customizable yet.
But I'll give you a perfect example. Things I've been talking in the background with other people about like,
is even smaller scale influencers, right?
Like we're looking at how can we provide a badge to say that...
you know, that person is KYC, which would mean that we form a company in the background.
We KIC any influencer.
And then we tell these people, hey, if these influencers are associated with this account, they have been KYC'd, they're not going to, you know, run on you.
We know who they are.
If they do anything, you know, nefarious, we're going to go ahead and release information and they're going to get caught.
So there is a way to use the current system as a stance to build trust across.
all, you know, all industries if it's done the right way. But again, you're not wrong. If you do get clustered and you don't want to be clustered with certain individuals, you're dead on. You got to be careful of those things, but you can still use it for certain areas.
Well, and I think we're all forgetting a massive use case of it. We're about to enter U.S. political season in full frenzy.
And politics...
Are you going to wear a Biden badge or a Trump badge?
But that's what I'm saying.
Like politics is going to go full force.
And people are going to want to show their affiliation to whatever they're supporting or whatever they're voting for or whatnot.
It's the same thing as the...
Who's the guy? Vlad the Supreme or whatever? Who's that guy? He always runs every time.
I'm going to do.
This is an actual guy.
You know, someone should make this.
I know like until Elon does it himself, this is like the orange bad for political campaigns.
And like he could print.
like just he will print but damn that is like dude this is going to be a battle royale for like
eight months if people do it it's like well no you could also not just do it for a full party i could
i'm a single party voter right so i'm gonna put like pro crypto or pro life or pro whatever and
you know i'm just boom we're gonna look at a profile and go oh whoa this person they care
about that and they're going to be arguing about it the whole
Yeah. Well, or even people that are affiliated with a politician's organization, whether you have a
spokesperson, a media person, or somebody that works directly with that politician, like knowing that
they're working with that person and being the voice of that person on spaces or...
on Twitter in general is something that's going to be important in the next coming 12 months.
Is it not?
No, I think absolutely.
Something that's something that I find interesting is that we're sitting here arguing this point
about all of these things that potentially are going to divide us even further when the whole
fucking point of social media is to come together as a community.
And so I think maybe if we took a step back and think, all right, maybe we should put
off.
Social media is about me proving that my point is better than yours.
I love it.
And that I live a better life than you.
Who can argue the loudest?
That's what social media is.
Absolutely. But you got to think, like, this is,
Twitter is not the end-all-be-all for social media.
And I don't even think social media is going to be what we call in the future.
I think it has to be more, you know,
community engagement hubs where they are token-gated.
So we are with the people that we want to be with.
And we don't have to have that outside kind of hatred or vitriol from people that don't want to be in the ecosystem.
You don't want to fucking be there.
Don't be there.
Here's my idea, Jake.
I found the guy.
His name is Vermin Supreme.
This is the guy he runs every time.
I want a Burman Supreme badge, and I think that, I think Mario should host him.
I think we should do a Vermin Supreme election campaign for like one spaces and just see if his like political platform is actually cohesive.
Mario, you got my support.
Let's get it.
Let's do it.
Action, go for it.
I was saying we've got to have Sillamol rule him too.
I think that'll be the best part of it because I'm sure whatever he says,
Sillamone's going to have a counterpoint to it.
Watch him be like the most like elegant, eloquent political debater like we've ever said.
I would love to platform Vermin Supreme just to see what he would have to say.
Because he, you know, we only see him in videos like on YouTube.
It's like, oh, it's Vermin Supreme. He's running again.
I want to hear what he's got to say.
You know, I'm I'm looking for any candidate at this point.
Okay.
So let's reel it back in just a little bit from political topics.
And I can bring it.
I can bring it back to you here.
Yeah.
nobody's heard of this guy except for Jonah.
So we know that this cluster...
Go look them up. Go look them up.
You'll know exactly what you're...
No, that's exactly it.
That cluster that you're in, it's a cluster, you know what?
That's why you're getting those...
No, no, no, no.
Those things.
The problem is you're just not on Reddit.
This is like a known thing on Reddit that everyone on Reddit knows.
It's like a...
Every election, Vermin Supreme does like a whole speech,
and it's like a joke.
There was actually a guy who...
who had his dog run for like local election and almost won.
That was another big Reddit thing.
But anyway, we'll get off that topic.
Yeah, I was just say back to the,
first of all, I know who Vermin Supreme is.
I think it wears like a boot on his head,
looks like a wizard.
It's a goopy fox.
That's him.
Yeah, that's Herman.
Yeah.
But on the topic of like,
if we actually add more like labels,
that's what a lot of this is, right?
Writing a square and a check mark and, you know,
this and that.
They're like labels to things here.
And I agree sometimes like labels do divide,
but at the same time it also does help you find the people who are both on
on the same side as you and the opposite to figure stuff out.
I've had multiple times, right?
It's like, yesterday there's a big ape coin space.
I'm like, dude, who actually knows this stuff?
I need some historians.
I need people in the thick of it.
Oh, boom, I'm not in the think of it.
I can see you're in the thick of it.
Get over here.
I've had a lot of times where I'm like, dude,
what's going on with the ordinals right now?
It seems crazy.
Okay, where are these orange square MFs?
Get over here.
What's going on?
And it's not that I'm like, agree with those people.
It helps you find the people who, you know,
can educate you on the other side here.
I do want to hear what Ness got to say.
Yeah, this is to the point of, like, Twitter, and what we've been talking about.
Like, the whole space is trying to build, like, this Web 3 infrastructure on this very, like,
Web 2 application, which is, as we've been saying, is never going to work.
Like, it's just, it just gets too fucked up, like, really quickly.
And obviously, there's Discord, which is a little more personal, but as we've been saying,
like, Discord has its limitations.
The point of Twitter is to keep you on Twitter.
There's no other point to Twitter besides to keep you on the screen.
And as long as that's true, which will be true for...
You know, the rest of time, who knows what's going on in Elon's head, it's never, that's never going to be a sufficient way to organize these kinds of communities.
So, like, the infrastructure needs to be built out more for Web 3.
And what that looks like is, is, you know, up in the air.
But whoever figures it out, it's going to be a big deal.
And it's going to be big for community.
It's fun.
What everyone's saying is like music to my ears because it's exactly what.
we've been working on for a year.
Tested on suey, didn't think sui was going to go anywhere just to get the bugs out.
And, you know, people are spending more time on there than they are on
on Twitter. So like almost everyone, what they're saying, it's truly music to my ears because
people don't like Discord, but they use it because it's better than here. The fact they have
roles, yeah, maybe you can compare that to badges, but it's not as flexible because roles are
important to understand where they stand in an ecosystem. If there was some way to do that with
these badges, that would make, maybe that would make sense. Um,
But yeah, I love what you just had enough to, like building Web 3 on a Web 2 platform
is kind of shows that we're still far away.
We're still in Web 2, guys.
Like, Twitter is Web 2.
We're not engaging contracts while we're here.
Like a lot of people say we're Web 3, Web 3.
But the only time you're in Web 3 is when you're interacting with a contract,
and that is about a half a second.
So we're still in Web 2.
I don't know where Web 3 is, but I hope to find it one day.
Yeah, I will say, though, it's not all about just Web 3.
One thing real quick, it's not just all about, like, you know, Web 2 to Web 3.
Okay, how do we make these features for Web 3?
One thing about Web 3 is that we are hyper-organizing communities much faster and splitting into other communities much faster.
So, like, for other worlds, like, you know, Discord's used by gamers and Twitch streamers and all of that, right?
New games don't come on as often as new NFTs come out.
Right. And so this is just an experiment. We're on the front lines and figuring out what communities on Twitter look like. And this will spread to a bunch of other stuff. But I don't think it actually has to be like Web 3 specific.
Yeah. Yogi.
I just, I had my hand up for, Jonah, I think you may also be thinking, or you may be too young for this, but Ralph Nader ran for like a bunch of elections. He was like the third party candidate that ran every time.
Ralph Nader, yeah, sounds familiar.
But yeah, sorry to go off topic. That's why I had my hand up.
Or is J-Change. You were saying something?
I was just making a bad joke about how Fiddy was saying that Twitter is a Web 2 platform.
But you can tip on creators on Ethan Bitcoin.
But that was just a shitty joke, man.
It was no need to go back to it.
Sorry.
Yeah, it's not going to happen as, you know, it's not going to be such a dramatic change as we all think.
It's not like one day we're all going to wake up and say, oh, let's transition to Web 3.
Like it's going to happen slowly.
But we're all here because we probably believe it's going to happen.
So, like, if we see it out, it'll happen slowly, but it's going to get there.
But you know, one of the things we don't really talk about is the Metaverse anymore.
I feel like people forgot about it, but it's coming.
Yes, 100%.
I mean, and it's coming strong.
I've been working with Exola.
Exola does all the payments for Fortnite and Roblox and...
A lot of other gaming, they're merchant processing company.
They're one of the biggest in the world.
And they have one launching in, like, in months.
Like, it's incredible.
I've actually, you can actually take a test drive in a car without actually
leaving your computer.
You could change your colors.
You could see it.
You can actually have a car come to your house and, uh, when you buy it and program
your garage door openers.
There are so much cool stuff in the Metaverse that's going to come.
That's incredible.
And also, if we're going to be watching concerts, if we're going to be watching,
UFC matches basketball, we could watch it from different time zones together, and if we can
incorporate some kind of a social platform there, whether it's Twitter or Discord, whatever else,
that's going to be a game changer.
This is, like, the metaverse is coming and it's going to come strong, and I know we forgot
about it because we're so fixated on the orange thing or, or,
or whatever else.
But let's talk about that.
If you guys don't mind,
I really am.
Wait, wait, what about Discord?
I know Discord a little too well.
I mean, I'm just saying there's got to be a platform where it's, like, I don't love Discord.
I'm going to tell you right now because I've seen too many hacks in.
You're trying to flood my bags?
Yeah.
A little bit, yeah. I don't love Discord. Okay, I don't think it's perfect. I don't think Twitter's perfect.
But I think that if we can actually find a way to get something that's better that's easier and safer, you know, like we've seen a lot of hacks in Discord. I've seen more hacks in Discord than I've seen on Twitter.
And I know some people would disagree with that, but it's very easy to people, people to come in there, new people, and fall for somebody to say, hey.
But that's just, that's just what three people like.
most of the gamers on Discord
don't fall for that shit.
And like it's mostly gamers on Discord.
Like you're now in my castle.
Like that's just,
you're seeing it through one small mirror.
I think just for context,
there's 50 million daily active users of Discord
and there's maybe...
5,000 of them or more on Web 3.
Right, but I'm talking about specifically our Twitter, NFT people that are going to Discord.
And then like when the tokens came around right now with Pepe and all the new tokens that came in,
you started seeing a lot of hacks again.
Why?
Because a lot of new people started coming in and they started getting hacked on Twitter and Discord.
Right.
One of the problems is, though, when you're talking about like, okay, Discord is a platform and like, ooh, people are getting hacked there.
So let's find a new platform. It's like, no, they've built up so much.
They can, like, someone building a new platform is more likely to be hacked.
Like, Discord has a mature engineering team who's been working through multiple problems.
And, I mean, truthfully, I mean, I host, like, you know, weekly Discord, like, calls with, you know, many, many people sharing their video screen.
We're all sharing our own screens and our cameras and, like,
It works well and they've been adding more and more new features and whatnot.
Yeah, people are definitely getting hacked, but it's like new platform's not good.
It's keep adding more features on top of stuff.
No, no, no.
And I wasn't saying new features.
I'm saying put it like imagine we have the Metaverse and we can integrate Discord and Twitter and have it there.
And maybe even use your orange things or your purple things.
I'm just saying there's just technology is going to evolve.
It's going to get better.
It's going to get safer.
And we know that.
It's been happening.
I mean, I just think like we were talking about how new we were for a long time.
And we're new.
We're new.
We're new.
And I actually started to think like maybe we're not that new until I saw all of a sudden
NFTs completely die down for a few weeks and tokens come in.
And I'm thinking we are really new.
Like this is a very young space.
So I'm just saying that these people have not been talking about the Metaverse probably for months.
They have no clue what's coming.
They don't know what's going on.
Yuga's been very quiet about what they're doing with the other side, but they've been bringing some of the top.
Should I run for a...
Ape Dow Council for the gaming division?
It wouldn't be a bad idea, Jonah.
I'll tell you right now.
Someone told me they're making $20,000 a month.
I said, all right, well, I guess I'm running for election.
I honestly think it would be a great idea.
You know, gaming, some of the things that they've passed, I don't 100% agree with.
I mean, I know Apecoin came in there asking for $3 million to put, like, you know, AR stuff on water.
I wasn't a fan of that.
I was Chicago.
I mean, I'm like, I'm actually somewhat serious.
I would consider running and I would like actually do the job.
Like if I was going to do, I mean, I all jokes aside with the salaries.
John, is this you announcing your platform now for April?
Jonah Finest his way to co-host to announce he's running.
The deadlines pass, Jonah.
You know, does it really?
I don't know.
I don't know.
I don't know.
Jonah, I got a question for you though because I've been on with you a couple spaces.
And I like a lot of your feedback.
I'm really bearish on open metaverses.
And I don't think they're ever going to work personally.
But closed metaverses or objective-based metaverses,
I'm super bullish on.
And I just wanted to hear your, like, what am I not seeing?
So I generally...
Yeah, I generally agree with you, although they need a similar code standard.
Because eventually, like, a lot of, so depends on what you consider open and closed.
Because, like, I guess it's like Einstein's theory of relative Metaverse, right?
So I'll give you context, right?
Is Fortnite a closed Metaverse or open?
Well, technically, it's objective-based.
Yeah.
Right, no, but think bigger, but think bigger.
Okay, so you peel that back.
Is Unreal Engine in open or closed Metaverse?
Technically, it's open but Web 2.5, right?
So that just means that you need a similar code standard
and similar graphical standards to technically be interoperable
and not use Fortnite.
But that's if we want to go into the Metaverse world.
I don't know if we finished our badge talk or the other talks.
Yeah, I mean, I just see it since we were on the subject, like adding things to cars that will have AR in the car and being able to add things to that through the metaverse. Yeah, cool. And that I guess would be open. I think we're just a little bit far away from there. But objective based, yeah, of course, I'm super bullish.
Wait, I thought the metaverse is doing better than ever.
Joan, doesn't Roblox have more players than ever?
I thought it hit all-time highs.
It has about 60-something million DAU, about a third of the United States.
Fortnite has the equivalent of New York City's population everyday playing between 8 to 15 million.
I'm not familiar with right.
I've never played Roblox, but they're all objective-based, right?
No, no, they're not objective-based.
Roblox is very much...
It's open, but based on a code standard, a platform standard.
But you can build...
For example, there's a game right now...
Isn't it like Minecraft or no?
You could say it's like Minecraft, but a little more...
I would say better on search because it has a platform that kind of works like an ad network.
So it's a little easier to find things than Minecraft,
whereas Minecraft is very creator search heavy,
where you need like a big content creator in order to go into those worlds.
Or you need to do what are called like,
role play experiences.
So there's like,
I forget there's like pixel something that's like a big one.
But it's a whole,
I could do a whole several hours on this.
It's very deep.
Like there's a whole world to this and it's a massive business.
But in a world where kids are hanging out all of their time,
it is a metaverse and they are growing at a cartoonish rate.
Like they put on,
I'm pulling in stats,
8 million daily active users between the last quarter and this one.
Like they're like,
Call of Duty is not even used to compare to this, it seems.
That's not true.
Okay, so Call of Duty has about 90 million MAU.
That's just on Warzone.
That's not included.
Okay, I've seen this now.
Yeah.
Yeah, I'd have a thousand questions about it just because, you know, I love gaming, but...
Do you like anime wayfus, Joa?
No, I'm a league, League of Legends by...
Where is this going?
The answer is yes.
Real quick, can we, to bring it back to the identity thing, because the metaverse identity
is actually a part of that whole thing too.
Like once we're all walking around in the metaverse and we're interacting in there,
it's just another place for people to obfuscate who they really are and identify as
anything or anyone.
You'll be walking around as an ape or as your Jonah PFP or whatever.
How do you know that somebody is legit when they're in the
metaverse and you're not going to get scammed by the guy that you're talking to in the
metaverse. I would say if you're listening right now on spaces, please comment should Fitty
changes PFP to an anime wayfoo?
if you get enough yes change to anime waifu comments
he will be since he has the orange
since he has the orange badge and he won't get throttled right
since he's all about the orange square
i i assume he won't have a problem with doing an anime waifu
for you know what i'll put up a poll for it i'll put up a poll in the comments section
should fit he change to an anime waifu i'm not even going to say the full word
because i can't bring myself to say that jonah so
I'll make it more reasonable.
Should Fiddy change to a picture of Goku for 24 hours from Dragon Ball Z?
Okay, so on the Metaverse thing.
So like right now, if we talk like other side, right, okay, we're 2D apes right now.
We're going to be 3D apes in this world.
All of us get a 3D model for every ape and mutant you have here.
Right?
So we all do have our identity online.
I should look like this ape with the dagger in that world here.
The only thing is a lot of different, a lot of other of us, right, are like spreading our person, like, be on the ape and do we all want to be the ape in there?
We're talking about badges now. Do I want a badge next to my ape?
Or do I, it's, so I don't know.
It's one of those things I wonder, do we want to be the person we're on the internet the whole time at a game?
A lot of that is what we're talking about, but I know when I play a game, I'm like, yeah, I want to be a, I want to be a wifu.
I don't want to be an ape or a tough guy, so.
Yeah.
I don't look at whatever you said, Jonah.
I don't even know what this is.
It's not an open sea.
How about this?
I want you to take a picture from one of the chicks from Honkai Star Rail.
It's a new anime waifu mobile game.
They made $124 million in 30 days.
They're fucking, they're making, excuse my language, they're making so much money.
It's insane.
How about we do this?
Like, just to make it easier instead of a poll.
Denver Nuggets are playing in Miami.
He tonight pick aside.
I win.
I will do what you say.
If you win, I'll do what you say.
I win.
Which team are you picking?
I'm going to take Denver.
Well, that's not fair.
I'll give you points.
We don't have Himmy Butler right now.
You can have the eight and a half points.
Don't worry about it.
And then you'll have to get, and then you'll have to rock a board eight for the next week.
Are you going to buy me one?
No, you have all this gaming stuff you do.
Jonah, you can right-click, save them. Don't tell anyone.
No, I don't have my orange square. I'll get throttle. This is not a fair one.
I will let you use one of my other board apes as a PFP.
Yes, I will give you one to use for a while, not as a gift, yes.
I've read the art of the deal. I don't know. This is not a deal Trump would do.
Biden would do it.
Well, I'm not voting for Biden, so.
Switching topics just a little bit, because that one stalled there just a little bit.
Yes, last week we had an interesting announcement from Uncle Elon.
He announced that Twitter would be monetizing soon for creators.
And I'm sure for pretty much everybody on this stage and everybody that's been working on their Twitter profile and brand building for a long time is excited at that prospect.
So Jonah, Began, I'll start with you guys, like Twitter monetization.
What do you think of it?
How do you think it will look?
And what did Elon mean by his tweet when he talked about the ad stuff that goes into it?
I'm bullish. I think it's like really small steps, but it's where he needs to go. So he's talking about there's two types of ad networks. Well, there's multiple, but he's talking about doing programmatic ads. Okay. This is what YouTube, this is where most creators on YouTube make their money when there's no sponsor dollars. So you either have like direct.
sponsor ad deals, which is what we all do here on Twitter if we want to make ends meet and you're
like a spaces host. And then you have programmatic ad dollars. And that's based on your content
in the way you're grabbing attention on the ecosystem, you will take like a rep share on
on ads that are pushed through your content. So Twitter doesn't really have a great programmatic ad
system. It
It has one, but basically these are ads that only exist in the reply comments of piece of content.
And there's some that is ad that where there are ads on video, but not very many.
There's not enough.
Yeah.
So I guess the idea is he's doing kind of what Epic Games is doing where based on the amount of ad dollars they bring into the platform, they'll do a split with creators that are verified that being badges are based on impressions.
There's varying factors that you would be considered rep share.
So very bullish on that idea because it aligns incentives between people...
like myself wanting to make more content and people like Elon wanting to sell more ads without
me having to only have sponsors. Big deal. The only drawback is $5 million is nothing. Like it sounds
like a lot of money, but $5 million spread across like 40 million accounts or whatever many accounts
are active on any given day, you're talking about earning pennies, which...
which is nice that you're earning something,
but it doesn't pay for a chocolate bar.
So we need to get this to like 500 million, you know, 5 billion.
I mean, YouTube does billions, billions and billions of dollars in programmatic ads.
So 5 million is very small change.
So let's just see how it goes.
Yeah, I agree with you, John. I do think it's funny. We're going to miss the old era where someone gets a viral tweet and then all of a sudden underneath it it says, hey, guys, check out these lights I'm selling. And, you know, here's a vibrator. So it's smart for Twitter just to get in on that themselves.
What about the giant seal plushy? Oh, yeah, dude, I've got so many of those. God, every time Greg has a tweet that goes viral, I'm like, okay, I'll get one more.
I'm going broke from them.
But yeah, it makes perfect sense for Twitter to get in on them.
And hopefully, here's the idea, right?
We all know that it's always, it's, yeah, plushies and vibrators,
the same things over and over again.
We can actually use some algorithms to pair things that actually the people would buy
based off our audience, right?
we would see better conversion and hopefully, you know, this can start working better.
Because that's one of the biggest problems now is like, oh, cool, I can do an ad.
What can I do? You have no options.
I mean, you know, if I'm on YouTube, they're taking care of all of that for me.
You know what I mean?
Especially with us in this NFT world since we can sell higher priced items to other people, right?
People here are spending thousands of dollars every day.
And so you put a product in front of people that helps you for your life, you know?
It's like, how much does it cost 200?
Oh, cool.
That's not even point, not even 0.1. Let's go.
And when he says, first of all, Began, I want to know how many vibrators you're buying off Twitter ads because you mentioned that multiple times.
He doesn't watch them, so he has to buy plenty.
You can wash them and reuse them. That's gross, Jonah. Okay, that was...
But Elon in his tweet, he said that, you know, the only ads serve to verified users count.
So does that mean that only people that see the ad that have a blue badge will count towards that monetization?
Or will it be any, you know, any account that is, you know, part of the ecosystem or part of your community that adds into that?
Because basically...
Do you have to pay the $8 or do you have to have your entire community pay the $8 or $11 to Elon for that blue check mark for you to get monetized off the community that you've already built?
I thought it was the opposite.
I thought you could only get the ads placed if you had a blue check mark.
So he's like, from what I read, you have to have a blue check.
Like only blue checks are going to be even...
considered for this program
which I think
Elon's a genius here because he's turning this
into a mobile game which is
basically
free to play but if you
free to play you get limited features
you need to buy this $10
gem in order to play the game for real
that's mobile gaming he's turning Twitter into a mobile game
it's pretty great
I mean, it is interesting.
If he does say only people with blue checks are the ones even like, if I interact with the ad,
it's going to like actually pay you off.
He did limit the market, but he limited to Twitter super users.
And so then when you're selling ads, it's much easier to say like, well, who are these people?
Like, they're spending.
Right.
10 hours a day on Twitter and, you know,
it's not even unreasonable though, because YouTube is the exact same way.
You need to have at least a thousand subs, I think,
plus on YouTube to even get into their partner program.
For Twitch, you need to stream certain amount of hours
plus get a amount of following in a certain time
in order to be an affiliate.
I mean, there are standards for every single platform.
So it's like it's not unreasonable for Twitter to do that.
Now, the only difference is you're paying for the blue check mark.
but you know if they need to jumpstart revenue I don't I'm not really opposed to the idea
and we already seen you know everyone said I'm leaving Twitter oh they lost my checkmark
no one left who left
It's bullshit.
Well, the people in your circle didn't leave.
That's the thing.
No, the people in the celebrity circles didn't either.
I have other accounts that I don't use for crypto NFTs to go see what everyone else is doing.
Like basically nobody left except for a few Democrats that people don't even care about.
In fact, AOC didn't even leave.
Well, that's what I'm saying.
So some people did leave.
It just didn't have an impact.
That's all it is.
And then they came running back.
Do you think it will incentivize more people, especially more video content creators,
onto the platform?
It seems like that's one of the things that Elon's really pushing for.
He's been extending the length of videos that you can upload to the platform, the quality
of videos that you can upload to the platform.
Do you think that this at any point, Jonah especially, like kind of takes on YouTube in any way,
shape, or form?
I started doing video because Elon already knows.
The thing that he has to balance is server cost versus ad cost and like ad value.
The reason why video makes so much money is it's the thing that keeps people on a platform the longest.
Way more than written content.
So that's why I've been doing video threads because I'm like,
all right, well, he likes threads because it's cheap to do like some not as big of a load on the server.
and keeps engagement, but he loves video now too because he knows he has to get it.
I'm just going to combine both.
So I'll make a video for like five to 15 minutes that talks about what I'm saying, right?
And then I'll write a thread right under it that just highlights points I didn't mention the video
or hints to why you should go watch the video.
That's why I started doing video threads because it's basically taking the two things he wants the most and just combining them.
And this is right up my alley.
Like, absolutely people are going to come over.
I'm going to come over and start doing video on Twitter.
But here's the thing that's missing right now for people that do create video.
We need both more analytics and more features to make this stay viable.
I mean to use this any other way.
I wish they did a weed affiliate badge.
And I would just rock that all day long.
Wouldn't that be fun?
Yeah.
I was wondering who that was that just made that sound.
That wasn't even a soundboard effect, I don't think.
That was the real deal.
Would you rock?
I mean, that goes back to, I guess, what Began was talking about earlier, basically
tags.
Like, would you tag yourself as like the kind of things that you like, the kind of things
that you enjoy, you know, like Began said about the political things, you know?
People are tribal. People are going to love to do that.
I mean, all the stoners especially, I feel like all the stoners on Twitter want to connect with other stoners.
So, like, I would rock a stoner badge.
Just go back to that.
I was kind of stuck on that.
Yeah, I had some other stuff to say, but obviously I forgot about it.
But, yeah, I think affiliate badges are fun.
I think it's cool.
Yeah, someone said it before.
Everyone hates on it for a little bit, and then it's the fucking coolest thing.
So that's probably what this is going to be.
And yeah, I hope that $5 million goes to $500 million to a billion.
Then that would be fun for the creators because I'm down to get paid.
The problem with the badges is, let's say there's a stoner badge and a million people get the stoner badge.
You're still not guaranteed.
There's no mechanism to guarantee it.
that you're going to see, you know, some stoner feed.
It's just a badge.
And at the end of the day, like,
if the algorithm doesn't want to show you something imposed from someone with the stoner badge,
it's not going to get to you.
And that's, like...
Imagine a bunch of seals get together and they have stoner badges.
Because I know...
Earth, earth, earth.
Yeah, and they're arfying with...
They have a seal with stoners.
They're stoner seals.
So it could get pretty specific.
And people love to be...
Again, people love to be tribal.
People love to be in gangs.
People love to be in groups.
I'm in this group.
You're not in this group.
Um...
That's what it's all about with social media.
It's like, I don't know.
I love it too, but how do you get,
how do you make sure that the content gets to the people on Twitter
in a way that's effective 100% of the time?
That's hard.
That's the problem.
Yeah, you got me there.
Yeah.
All right, let's make a stoner badge, though. I'm D. I'm D. I'm D for that.
Wait, wait, sorry, a little bit of breaking news.
I just got a DM on the account saying Peter Schiff was in an ordinal space earlier today.
And I did see that he was in an ordinal space with BitGod and Trevor O.
T-O, and he apparently is announcing that he's launching an NFT collection on Bitcoin Ordinals.
So one of the biggest, like, Bitcoin haters over the course of its entire existence is now coming into this space and is flipping his opinion on Bitcoin, on Ordinals, on NFTs, potentially as a whole.
That's pretty big fucking news.
Yeah, these orange squares aren't going nowhere, even if Ben goes to jail.
That's what I'm saying.
Ordinals will be good, but, you know, goody, you know, I got to eat lunch.
Are we going to call it?
Yeah, I think we'll go to the last final hands and then we'll wrap up. We'll do a little outro song. Fitty, you put your hand up as well and then put it down. But I'll go over to Eric and then ghost.
Okay. So I was going to tell you guys, so I'm actually meeting with one of my friends today's name is McCondell Rahim.
He used to work for Trump on 21.
He's still very active with him.
He recently purchased Drake's Mansion in California and confirmed that Trump has come into Twitter.
I saw text messages.
So there might be something more exciting to speak about than orange badges pretty soon.
That's what I'm saying. This entire orange craze could do. It is starting to become Bitcoin Summer. Like people said, I'll go over to Eric and then Ghost and then we'll end up rapping.
Hey guys.
Yeah, I think what Elon's doing with the video content and, you know, trying to snag some of that market share that YouTube has.
Because YouTube is a monster, right?
It's just enormous.
You know, but it's not a social media platform.
And so, you know, if Elon can do it effectively, if he can make it so that,
posting video content to Twitter
is fairly similar to the way
it is on YouTube and then
even if you can find a way to add
something like super chatting
with money is doing live
streams and having super chats if they can add
that to spaces
where people in the audience can
comment and have their comments read
just like you would on a live stream
and YouTube,
I think there's a real opportunity there
for him to snag a decent amount of that
market share from YouTube
and he has to, right?
Because he's struggling right now to
make Twitter profitable. And so I think between the ads, you know, grabbing content creators over
from YouTube and having the convert of Twitter and adding more subscribers, you know, all of those three
things kind of feeding into each other. I think, I think it's pretty smart. And I think there's a good
chance it'll work out.
It is one of the things that I mean, everybody has been excited for.
There aren't a lot of content, like video content creators on platform.
So I do wonder how much incentivization this will be for those to come over to this platform and start posting more.
We've seen it from some people doing some more long form video content.
one of my favorites down in the audience, Ash, Robin.
He's always got some banger videos on his page.
And just a shout out to him, definitely go check out his video content.
Ghost, go for it before we end up wrapping today's show.
And once again, thank you guys for tuning into the roundtable.
We'll be back again Wednesday.
Just make sure, head on down to that comment section.
Like Eric said, we don't have a live chat, but I do read through those comments and post them to the top from time to time.
Ghost, go for it.
I just wanted to concur with you said about Ash Robert.
The man is a miracle maker with those videos.
He knows what the fuck he's doing.
I fought with him hard.
He's one of my ex-partners.
So y'all should make sure that y'all check out these videos for you the chance.
But yeah, as far as going from Ash and actually speaking on the subject of content creation
and ways that we can partake.
I think it's paramount that we figure out ways.
that we can generate revenue in this space as content creators without being tempted to,
to, I don't know, take debate, cash out, as some people have done recently on their name,
and just thrown away fucking weeks and months and some instances, years of building their communities
in which they actually turn their communities into exit liquidity, essentially, and probably
that's probably accurate in some of the cases.
I just think that we got to figure out a way to do that.
And you guys are having a really relevant conversation in that realm.
And I watched a bunch of videos recently on YouTube, mind you,
on content creators that are making...
a lot of money with their respective businesses and making a lot of traction on TikTok.
And there's also a lot of revenue flying around on YouTube.
I know a ton of YouTubers in IRA life.
I'm a digital nomad.
I know a lot of digital nomads that make their living on YouTube.
And if we can, and if Elon and them can figure out a way to make that monetization work for us on Twitter,
I think it'll go a long way to helping people.
maybe curb the
scams and the bullshit we go through.
So I really think
that's something that as a community
that we have to try to work on.
And, you know, if anybody has any ideas,
then, you know, we need to start talking and working on them.
That's what I wanted to say.
What up, Fiddy?
It's definitely one of the things that we've seen a lot of people using their communities, like not using their communities, but cashing out mostly through just selling NFTs, selling whatever it is and using the community for that, like you said, exit liquidity or for their own bag rather than getting it from...
the platform like YouTube is so good at. I mean, you see all these YouTubers make
tens and tens of thousands of dollars per video just from posting a video and having people
watch it. You don't have to buy anything when you watch a video. You don't have to pay anything
for YouTube or for the platform to interact with it. So you're allowed to
as a creator make an entire living based off of just creating content. And on Twitter, there is no such
vessel for that. Jonah, I mean, real quick, before we wrap, you've been doing YouTube videos for a
long time. You probably monetize on YouTube. Won't it be better to be able to do that on the
Twitter platform that you've spent years building now as well?
So I haven't done too many videos on YouTube.
I've worked for a lot of people who do.
I actually recently started my YouTube.
So I'm a newbie there, but I've done plenty of Twitch before.
And it depends on what you're trying.
You know what's interesting?
It's that it depends on what it is you want to do.
So if you're on you, like, give an example.
Let's say if you're an animator,
you're likely going to have a much better chance on YouTube or TikTok than Twitter.
Because of the demographic, right?
There's a much wider demographic.
There's more kids who watch YouTube.
And the reality is that you're more likely to be a kid who watches something animated than you are to be an adult.
Now, if you're, let's say, a stock analyst or someone who runs a company and talks about their business or someone who has deep knowledge in the sciences or on politics, you're probably going to get more coverage here or on LinkedIn because we have.
an audience that probably has a higher salary on average.
When I say our audience, I mean Twitter.
The average Twitter user probably has more money in their account.
They're probably slightly older because young kids are not using Twitter currently.
It's just a fact, okay?
And therefore, the audience for content is very different.
So I think if you want to be an, I call them edgitainers, which I think I'm more of one.
If you want to be someone who has content on other platforms, but you want to educate and entertain,
then Twitter is the best platform.
If you want to be Mr. Beast...
then you need to be on YouTube and you need to be on TikTok.
Twitter,
I don't think Twitter for now,
for now,
maybe in like a year,
Twitter's not the place,
in my opinion.
The word of the day is edgator.
I will send you guys off with that.
Edgator, exactly.
I didn't want to go all the way with the word.
But edgator is the word of the day.
Once again, thank you guys for tuning in.
It is great to be back on air with the round table
with some new faces on the co-host panel
after a few weeks off.
And we will be back again on Wednesday.
Same time, same place with another space.
Okay.
Thank you all for tuning in once again, and we hope you have an amazing rest of your day.
Begin, Jonah, if you have anything else to say, speak now or forever.
Hold your peace.
It's one thing, just in case.
Okay, we did mention Peter Schiff earlier.
Someone did say he was hacked last week.
So make sure, before you mint anything from Peter Schiff, make sure it's the real one.
Don't lose your money.
That's all.
See you guys Wednesday.
