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Over/Under 1K NFT collectors in last month? Coffee with Captain #1,061
Recorded: Dec. 26, 2025 Duration: 1:16:35Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the evolving landscape of digital art, the impact of security incidents on user trust, and the growing acceptance of NFTs in mainstream institutions like MoMA. The conversation also touched on the decline in active NFT traders and emerging yield opportunities in the telecom sector, signaling both challenges and potential growth in the crypto market.
Full Transcription
you gmgm no music this morning audio only i'm gonna i'll turn this up i don't know
actually let me get some connor price can you guys hear the music in the background or no
i got headphones in so i don't know if that's even coming through. Give me when the delay passes and you can hear. If you're hearing any music or not,
let me know. Here, let me play some. There we go. This is royalty free. Any audio or no? I used to be stuck in the mud.
Yeah, I was down, but now I'm oh, oh, oh.
That's wild.
You got nothing.
I will.
I'm going to unplug the headphones and I'll plug it back in after a minute.
Give us a like repost on the space.
Greatly appreciate it.
I will.
I'll be back in a few.
We'll warm things up for like a minute or two and then I'll be right back.
Thanks for the thanks for the like the repost the bookmarks. or two and then I'll be right back thanks for the like, the repost, the bookmarks
all are appreciated, I know some people gon' look at me crazy in the night for what, yeah, I was stuck, I was down, but now I'm stuck. This I got this ain't no love.
I used to be stuck in that.
I was down, but now I'm up.
I was down, but now I'm up.
Down, now I'm up like a sea star when I'm on a beat.
Like an old man's lawn, better keep off.
From the ground to the deep, cause I got clouds in my seat
like Jack in the peace. Now I jumped off, quick, went straight in a free fall, cowboy hat on the ground to the tiktoks got jogged on my seat like jack in the peace
got jumped off quick went straight in a free fall
cowboy hat and a mice in a yeehaw
landed on my feet like a feline
put him back in the seat like a recline
and when I push him I'm not worthy
did it with a purpose didn't need a promise
did it from the bottom and I brought it to the surface
mind your business now who I worship
who the little guy making big big big moves
tiktok turn into a tick tick tick boom yeah I was down, but now I'm up.
I was down, but, I was down right now, I was down
right now, I was down right now, I was down right now, I was down right now, I was down
right now, I was down right now, I was down right now, I was down right now, I was down
right now, I was down right now, I was down right now, I was down right now, I was down
right now, I was down right now, I was down right now, I was down right now, I was down
right now, I was down right now, I was down right now, I was down right now, I was down
right now, I was down right now, I was down right now, I was down right now, I was down
right now, I was down right now, I was down right now, I was down right now, I was down
right now, I was down right now, I was down right now, I was down right now, I was down right now, I was down right now, I was down right now, I was down right now, I was down right now, I was down right now, I was down right now, I was down right now, I was down right now, I was down right now, I was down right now, I was down right now, I was down much for joining as always welcome to coffee with captain never any financial advice this year crypto is risky infused risky meme coins exception risky and i'll go to zero moments
so please don't put any money in a can for to lose know that i hold tokens i talk about from
time to time here in the show i'm not a financial advisor certainly not your financial advisor don't
join for that just join for some fun some information and maybe a little bit of education
along the way as well as some connor price every once in a while when we are audio only
no video no video intro no no official music intro. We will play some Connor price because one of my favorite independent artists whose music
is royalty free.
So I can play the music and not get a DMCA or get my X account suspended.
Shout out to Connor price.
If you're not familiar, uh, go check him out.
Uh, that said, uh, as always, again, give us some love on the show.
The space is linked up top.
Those likes your posts and bookmarks go a long way,
especially on the audio-only spaces where we're not hitting video feeds.
And it's a – I don't know.
I'm guessing I'm not the only one who is –
I woke up with a – I don't know if it was food or a sugar hangover.
That's someone who doesn't consume much sugar, at least not the added variety.
The first time in my life I've ever passed on arepas for breakfast.
I just, I have no, it's one of those days I can probably fast until like three or four
o'clock this afternoon before I even begin to get hungry.
Also meeting my daughter for brunch this morning.
So we may, it might be a challenge to take much food down, but no complaints.
Hope everyone had an awesome Christmas
and are enjoying the holidays. Got a little bit of football in yesterday, started watching
Stranger Things, and then that food comatose kicked in and had to call it early night. So
we'll be back to the, it's like a movie marathon, really. It's, I first thought that they were like
hour-long episodes and they're, I think they're close to two hours the finale which releases on like so they had the first four
i believe released and then they released five six and seven yesterday at 8 p.m and then
the finale released on year's eve uh probably at eight also and um already, rare. And I mean, I'm a big consumer of football, both
Ohio State Buckeye football and NFL on Sundays. But I often just do that on my phone. I just,
you know, we'll have an AirPod in and be really passively listening to Red Zone and multitasking.
And multitasking.
And I can even, you know, watch a movie while I've got football in one ear if I want.
New Year's Eve, I've already disclaimered that probably would like to watch the Ohio State game.
But not going to plan the date around it.
But likely we'll be consuming that on New Year's Eve.
Hopefully the New Year doesn't ring in with another missed field goal.
I, for the life of me, can't understand why we're still using the same kicker.
But I digress. That's all we got for the life of me, can't understand why we're still using the same kicker. But I digress.
That's all we got for the cold open this morning.
I will save my Buckeye rants for another day.
But GM, everyone, appreciate you being here.
Shout out Gary, Dobbins, Maria, Brongus, Imlo, Diablito, Von Fronten,
Teacher Katie, Aspire, Nobody, Payne, Mayhem, Justin, B, T, Dwayne, Zonko,
Tato, Hizzy, Brickadal, KZ, Old Hatter, Ape, Tint,
almost slipped there with an N-G-Z-Z-I-N.
I'm not even sure how to pronounce that, but I'm going to try.
Crack, Just Looking, Surfer, and Tezin, shout out.
Apologies if I'm missing anyone, but I appreciate y'all being here on the holidays.
We will get things warmed up and get rolling.
Once again, two days in a row, I've pretty much checked out on,
yeah, suddenly old Hatter says suddenly craving plantains.
I never thought I would say this cause I was not a plantain fan as early as like two months ago,
because the only way I'd had plantains were like, I would describe it as like the unnecessary side
and they're like a good Colombian restaurant or
Brazilian steakhouse and they like throw some plantains on that are cooked and I just was never
a fan of that it was a texture thing for me and my my education on plantains has increased
significantly in the last couple months to where big not only is there like green and then ripe plantains,
there's an in-between plantain where it goes from green to yellow, but it's not fully ripe yet.
That's probably my favorite. It's a little sweeter than the green, although the
tostones with the green plantains right up there as well also had no idea the variety of cheeses coming out of venezuela so a big big fan of plantains
you you cooked plantains but not the plantains i'd had like quite literally a hundred percent
of the plantains i'd had prior to a couple months ago were the same like squishy cooked
plantains they just throw in uh like as a side dish on a rope of viejo or something like that at
a restaurant. And we just never a fan I could do, I'd eat them, but I could do without would never
be something I would like request. Oh, I got to have some plantains. The, uh, the plantain chips
are okay. Again, something I would never seek out, but all the other cooking they do with plantains,
it's, it's incredible. Same thing with raisins. I'm not going to go on the raisin ran again, but, um, I'm out of cold open. So I gotta, I gotta cut that off, but big fan of cooked raisins.
Just don't give them to your doggos. Uh, they are toxic for the dogs. If you are like myself
getting on the Latin food arc, um, just ask chat GPT what you can and can't feed the, uh, the doggos,
uh, shout out to Diablito. Got some beautiful horses in the
chat there. If you are a fan of horses, uh, you should go give Diablito a follow. Um,
I'm, I'm, I'll fade, I'll full fade the snow, but, um,
someday, maybe a few horses, probably not as many as Diablito or certainly not as many,
someday. Maybe a few horses, probably not as many as Diablito or certainly not as many,
but would be here for the dog farm. The dog ranch is what I aspire to make it someday.
But anyways, again, GM, everyone, appreciate y'all being here. Kind of a light news day,
I'm guessing, unless it's just my typical go-to daily recaps. I know B-Check has checked out for a bit. I'm going to go check
Tyler did it. I haven't seen anything pop on his feed in the last couple of days. Actually,
you know what Tyler and I share in common, and this might be a,
not necessarily a crypto rant, but I would say a, certainly a technology rant. Um, I did see,
it looks like there's some punks being given away for Christmas. Uh,
and speaking of cheese, um, cheese may or may not be related to the, um,
the conflict, uh, or potential conflict with Venezuela. The, um, uh,
cheese has fallen to its lowest prices in five and a half years. Uh, all the,
um, all the cheese enjoyers rejoice.
We've got an insane forecast of 150 inches of snow out on the West Coast. Stay safe out there,
everyone. Welcome to my childhood. I kid, I've never experienced 150 inches of snow. That's
extreme. And we did have the US GDP smashing in Q3 growing by 4.3%. You can tell it's a slow crypto market when one of my go-to sources for daily news
is talking about building Grinch-themed fruit boards
for the kiddos.
We do get some crypto news.
Tom Saylor did not buy Bitcoin last week.
Instead, it added 748 million to cash reserves.
Tom Lee's BitMiner passed 4 million ETH holdings, now 3.36%
of the supply. They also maintain their 1 billion in cash. And if you don't remember or not familiar,
their goal is to accumulate 5% of ETH in that fund. And yeah, no morning minute. Looks like
last one he did was six days ago. No daily snapshot. So we're on our own this morning for our news of the day. Again, audio only show today, probably run just about an hour. I actually have, so I'm charging, I've got seven minutes left to finish this charge to get to the limit. And then I've got about a 50 minute drive and then I will probably call it. So we're, it may go an hour, maybe a little
over an hour, but, um, um, if there's anyone has any news items, anything caught your attention
in the news, anything you want to chat about, drop it in the chat, third request to come up on stage.
I'm going to go once again, I see M low out there. I'm going to go grab our link to the,
uh, the holiday badge, the coffee with captain holiday badge that is open until
December 31st, free to claim. You don't even have to pay gas. I think the only requirement is it
requires you to connect your X account to the, uh, to open page. You can go there. Oh, P dot X, Y, Z
slash claim. And then the code is CWC holiday, CWC holiday. And, um, uh, that'll get you,
that'll get you the claim code. Also the link I'm going to be looking for right now, I'm going to
go pin. It also has, uh, the, just the direct link to it. If you'd prefer to just click through
the link, uh, you can, you can get it there. Uh, there we go. It is pinned up top now or should be any second and uh go get that no no expectations
but we may we may do something fun with those next week again the claim is open till the 31st
while you can claim it till then if we do a giveaway or anything a raffle or anything of
the sorts on monday you want to have claimed your badge prior to that so recommend going and taking
30 seconds and going and making that claim before,
before you miss out. Yeah, there was a trust wallet scam. I did see that.
Bitcoin 24 K fly, I mean, 84 K flash crash, I'm guessing. Or did it really flash flash to 24 K
well in a candle? I saw heard something about a flash crash. I assumed it
was 84k, but I guess there's a chance it was a, uh, a candle on Binance alone. Maybe that went to,
um, went to 24k either way. The, um, uh, I'll go find this link to the trust wallet scam. I saw something from CZ funds are safe. And I think
everything is fine, but just be extra safe. Yeah. So they identified a security incident affecting
trust wallet browser extension version 2.68 only users with browser extension 2.68 should disable
an upgrade to 2.69. No, this is not a meme. This is real advice coming from the official trust wallet account. Please refer to the official Chrome web store. I'm going to pin this
up top. I'm not a trust wallet user, but if you are, definitely don't blow this update off. Go
get that done immediately and make sure you're not exposed to any exploits or scams out there.
you're not exposed to any exploits or scams out there. I hope no one here was affected by that,
but if you are a user, please, up TrustWallet, please go get that upgrade done and make sure
you are protected. Close those exploit gaps. So this is one, again, any topic any any direction kind of a an open mic day any free for all if anyone has
any we rarely do shill shill shows unless you know like yeah we'll do some sponsored shows
from time to time we'll do um um sometimes we'll you know friends will let speak and and talk about
pitch what they're talking about free if there is something that you're passionate about and want to
get a not a full-on sponsored interview but if you have a, you know, an elevator pitch, you'd like to,
Oh, it was a flash crash 24k. Holy moly. Uh, that's insane. Um,
I wouldn't, did anyone get any bids filled? That would be, um, I'm doubting it, but yeah,
if anyone got to get any buy orders at, uh, you know, 70 K 60 K 50 K, and those got filled, I would love to love to see those victory laps. Um, that's wild. Could you imagine if Bitcoin actually crashed at 24 K that would be a, uh, uh, pandemonium, not in the best of ways, but, um, sheesh. Yeah. Thanks for dropping that chart. The hack wasn't in the update people wondering how
they got access hmm that's interesting um no bueno so we got emlo coming up here in a sec
and i do want to actually let's do this emlo gm uh take it whichever direction you like and then i
got a i made a post about it a couple days ago.
I just had another thought this morning
and have seen some stuff on the,
oh, we lost Emlo.
Emlo, I don't know,
spaces might be a little buggy here.
We'll try again.
If this doesn't work,
I'll take a lap, force close the space
and then give another try.
But I will, I'm going to bring you up now.
We have a second to connect.
Let's see, take one, take two.
Imlo, are you good to go?
Might still be lagging.
Yeah, for some reason the audio was messed up. Do you hear me?
I got you. Yep, GM.
GM. So I wanted to talk a little bit about the MoMA acquiring its punks and Chromie Squiggles last week. They announced literally
a week ago last Friday
that they acquired eight
punks and a full spectrum
of squiggles along with
some art by Raphael Rosenthal.
So, wanted to know if you wanted to talk
about that or anything else.
Yeah, let's do it. We hit it on kind of a flyover,
but it didn't really dive deep. It didn't, I mean,
really the only conversation we had around it is I felt it was a continuation of the momentum from Art Basel.
I'm not saying that the Art Basel success in the 010 or the Beeple exhibit is why they did this. This stuff doesn't just happen in days or weeks, likely months or years in the making.
I would not be surprised if the timing had something to do,
like it was done and they're waiting for their right moment to announce it.
I would not be surprised.
I don't know this for a fact.
I'm just speculating,
but I would not be surprised if the timing of the announcement had something
to do with Art Basel.
The reason I don't necessarily think it has to do with Art Basel is because even before Art Basel,
the MoMA published its top 10 books of 2025
and included was the punk free-to-claim book
included in that top 25 or top 10 books of 2025.
So it was probably on the horizon for a while.
And I know from people involved
that it's been in the works for at least a year, but they've been talking to the head curator of this department at the MoMA for around four years now.
It's awesome. I love it.
I had some people dunking on the timeline.
A few people tried to take shots that, oh, the MoMA didn't buy this art. It was, it was donated. Is that not how most art is acquired by
museums? I'm sure it's not all, but am I wrong there? That's 100% true. Most museums get their
art based on donations. So like, that's literally why if you'll go to a museum, you can see
who even donated it. It'll have a little name tag under the piece or by the name or whatever
that says this was donated by the X collection or by the Y collection.
So it's also, is it not also part of the, I'm not, I've never donated art to a museum,
but my understanding is that's also part of the the wealthy art game
in terms of yeah exactly tax write-offs right like they they buy a big piece of art it gets
valued at a high amount they don't sell it but instead they donate it to a museum or presumably
mostly museums and then they get a massive tax write-off for that contribution correct
yeah exactly i mean i'm not a tax advisor or anything of the sort, but
that is
a big reason why art
is donated to museums
over the past, let's say,
50 to 100 years is because
of the tax write-offs, especially in
the States, but I know it exists
elsewhere as well.
Yeah,
go ahead. I was going to say, I... Go ahead.
I was going to say,
I think, like,
one thing that we were thinking of after Basel is what's next,
and I think that this does
make me feel a little bit more comfortable
with the positioning of crypto art,
because now you have, like,
both the MoMA and Basel,
where we made a big splash, and people are talking about NFTs again
in the trad art world, where in the past it's been like laughing at like monkey pictures selling for
500k. And now it's a little bit more substance without just the hype. So I think like that is
definitely a nice direction to be moving in. I wonder if other museums are going to start thinking about acquiring digital art,
because think about it also, A, it brings in a lot of crowds like we saw at Basel,
and B, you have the core community of Web3 that are hyping up these museums, accounts,
and whatever, which normally get no views and no engagement are getting
thousands of likes thousands of tweets whatever so even from like a social media strategy or just
like bringing in people that aren't necessarily like interested in the art that they have in the
museum currently it might bring people in that otherwise wouldn't be interested.
Yeah, I agree. I wholeheartedly agree. For many reasons, I could see other museums getting on board now that MoMA has done this. It's like the floodgates needed to open, right? This
could be that moment. I'm not saying it is for sure, but I do think it's a continuation.
I'm not saying they're directly correlated, but I think from a momentum standpoint,
really big to build on that momentum from Art Basel.
And now all of a sudden, to your point,
it's not just about monkey JPEG pictures
running to half a million dollars,
rather digital art being the talk of the town at Art Basel.
The MoMA introducing...
Do we have any details around the exhibit yet?
Are they actually live in the museum or do they just make the announcement exhibit yet? Are they actually live in the museum
or did they just make the announcement?
They're definitely not live in the museum
because I looked at the wallets.
They're not even in the museum's wallets yet.
They're still in the wallets
of the people that donated it.
Right now, it's just like
the museum officially accepted it,
but it'll take at least till next year
if I had to imagine
for the museum to actually finish the acquisition.
Have they shared how it will be? Like, will it be a wing? Will it be just...
They haven't shared at all yet what they're going to do, but I assume that, like, they're going to do some sort of show once they actually bring them into the MoMA, the same way that they did the Rafiq show.
And MoMA usually plans their exhibits a few months in advance,
if not years in advance.
So it makes sense that they haven't announced their exhibition yet
because they literally just announced the acquisition.
Man, I hate taking shots.
I'm going to take a shot.
This would be the time where someone just needs to kill NFT NYC or at least rebrand it and not just rebrand it.
What that conference has become, it's a joke.
It is, in my opinion, it's one of the worst ran conferences that I've ever been to.
The ticket prices are insane.
I don't know a single person that pays.
I paid for a ticket one year.
I'm like, what in the hell?
Never again.
And now I've gotten tickets given to me on future years.
It's just, it's a grift.
It is an absolute racket.
And I don't know the organizer.
I don't know them personally.
I think one might have followed me.
Most people come to NFT NYC not for NFT NYC.
They literally just go to the side events.
And we need to stop doing that.
We just need to stop doing that.
People just need to boycott NFT NY why it's, it's just bad.
It is a grift. They give, they, they have hundreds of speakers,
most of which are not qualified or no one cares to see go into a room.
And there's literally, it's like the speaker on this,
on a side stage. And there's like one person,
like their friend that's listening to them in the audience.
It is the most absurd. And I, again, I know there's's good ones so it's not all i'm not speaking in absolutes but
as a whole at the highest level it is one of the most absurd
conferences of all time like it is just it's ridiculously stupid they use it as a
opportunity to basically they let anyone who wants to who applies to be a speaker oh yeah
you're a speaker you know now here's a discounted tickets for all your friends get your friends to
buy tickets and come see us and it may have worked for a while but last time i went i like i went to
support a friend i went to the main stage i listed their talk i went walk through the and i don't even
know if there was a single brand that i was aware of on on the exhibitors floor do you know what the
best they're all griffs do you know what the best web three event I've ever been to has been? What's that?
Marfa art blocks Marfa this year. And the reason is because everything was the main event. It's
in the middle of nowhere, Texas, but at the same time, everyone travels hours and hours in order
to get there. So it really separates like the cream from the crop and like whoever wants to
be there is really like,
or whoever is there really wants to be there.
And as a result,
like it,
it makes for a much better experience.
And also everything is the main event.
So you're not like,
you're seeing everyone at everything.
I don't know.
I think like things like that,
where maybe like groups of collectors or whatever,
go to a conference somewhere it might be a little bit more of a better experience i mean even i'd even argue
that like v friends had a better vcon than nftnyc oh that's not even close that's not even close
vcon ran i mean to even say that i mean yeah they even use to even use to say VCon and NFT NYC in the same sentence is insulting to Gary and VCon.
VCon is one of the better conferences I've been to.
Like it's because it wasn't just NFTs.
He really did a great job of bringing in incredible speakers that you wanted to see and you wanted to hear from whether you're in crypto or not.
And I know some people don't like Gary.
I know some people don't like VFriends.
Man, that community is second to none.
It's just, it's all great people.
I shouldn't say all.
I'm sure there are some not great people there,
but everyone I've interacted with at those conferences,
everyone that I know that is deep in that community,
they're awesome people.
They're kind.
They're, it's like they live the traits
that Gary is attempting to promote with his, with his collection and his brand. It's, it's just that I had a lot of, I've been to two of the three and Marfa I've not yet made, but it's the one event I'm circling next year and will prioritize.
It's always been I've had something else going on.
I had traveled before or after and just wasn't able to swing it.
I think this year, when was it this year?
Was it October?
Yeah, it was like a month or two ago.
And it was just, I had Ape Fest coming up, I think right after Marfa.
And I was like, I just don't want to do back-to-back trips like that.
But next year I am going to prioritize and do everything I can to get there because you aren't the only one that said that.
Many have touted Art Basel as, you know, I'm sorry, Marfa as a go-to conference.
And my long story short here, that's where I was going with this,
is forget bashing NFT NYC is the worst conference I've ever attended.
I've been to hundreds, literally hundreds of conferences, trade shows, weekend long events, seminars, etc.
Our NFT NYC is ranked dead last.
And there's a massive there.
There's a large as a gap between NFT NYC and in the second to last as there as there is the rest of the rankings altogether.
It is just bad, bad.
And we need to stop going.
We need to stop supporting it.
You don't need to go and have side events there.
There's other,
if you want to co-ass your community around something,
if you want to host a side event,
do it somewhere other than NFT NYC.
But my point being is,
man, this would be the time to,
when they launch the MoMA exhibit,
the CryptoPunks exhibit at MoMA,
to do not an NFTft nyc but something digital
art driven something blockchain tech driven around it so the people that go and they see it they want
to experience more like that could be a great top of funnel for artists for builders for collectors
i just i i sure as hell hope it's not um into NFTNYC would be my request.
Yeah, and there's actually a Web3 exhibit at the moment right now.
Sasha Stiles, who's a really talented AI artist,
has had her work at the moment the last few months in the lobby.
And that's the second exhibition after Rafiq was the first one with crypto art.
After Rafiq was the first one with crypto art.
I still am FOMOing his wins of...
Why am I drawing a blank on the name?
Yawanawa?
Yawanawa.
It's one of the...
If I think about collecting digital art,
I want a wins.
I want a squiggle.
And I want another one that is not exactly going to be in the MoMA, but I'm not, I'm not even going to say the name on the space because I I'd like the floor to
keep, I'd like it to dip a little bit. he uses AI and data to create unique art. Big, big fan.
in the next two months.
So very excited to see that.
I have art in that museum showing also,
so excited to be part of that a little bit.
And I think the more activations we have with non-crypto people,
I think that's really where we're going to be drawing in more people
to the digital art side of crypto.
Because otherwise, I don't think the
crypto participants are necessarily that interested in art
yeah i i agree but also well i guess so kind of brings me back to
this conversation that we've been it's been kind of dragging out into several days but
the the crypto is boring and my take on the cryptos become boring. My take is good. Like, I think
when we say crypto participants, there's a lot of different type of participants here.
There's art collectors, there's technical builders. Oftentimes we talk about crypto
participants. I think since probably 21, many people think or view crypto, quote unquote, participants as the traders, the flippers, the meme coin enjoy participants, they are. It's, I truly believe it's a really small sector of crypto.
It just so happens that they're by far the loudest,
and they often drive attention and motion on this app.
How many active NFT traders do you think there are currently, like this month?
Like when you, like that have actually bought?
Not active wallets. I'm saying active traders.
People that are actually
buying and selling NFTs.
Someone that is farming
OpenSea Voyages or someone that actually bought an NFT
they want to collect or want to hold for?
Farming Voyages, they're probably farming on multiple
accounts. I would say it's definitely
under 10,000 people and I'd even say it's definitely under 10,000 people,
and I'd even argue it's probably under 1,000 people.
My first answer was going to say it starts with three digits.
I was going to say it's in the hundreds, would be my guess.
Chat, let us know.
We're going to set the over under 1,000.
Do you think there's more or less than in the past month one that not wallets but one
thousand humans that are buying or collecting nfts because they want to collect the art or they want
to collect the nft not doing it just because of a marketplace reward program over or under a thousand
true active buyers of nfts in the last month i i guess under you taking
the under as well emlo yeah i would definitely take the under a thousand and reason being like
there's a lot of blood in the streets right now with regards to nfts your favorite collections
are on sale like crazy maybe that's an end of year thing but i think a lot of it also is just like
a new i wouldn't even say new era of nfts but i think there's been a transition from like
projects that are let's say 2020 2021 projects and projects that have launched more recently
and i don't know where the kind of like kind of dominoes will fall,
but at the same time,
I have a strong feeling that artists
that have been here for a while
and that are continuing to build
are going to do much better long-term
than artists A that left or B that just came.
I would agree with that.
I hope there is an opportunity for artists that find the space and get in to still do well.
I do agree.
It seems like there's kind of this great divide.
Even the one I'm looking at, I'm interested in.
It's really, I'm sorry to say, but most of the stuff, I guess Squiggles don't, Rafiq doesn't.
Rafiq doesn't so i take that back it definitely is after 21 um when it comes to an ft pfp the
So I take that back.
It definitely is after 21.
only one i'm looking to require at this point like for a long-term hold uh something i don't
already have it was it was prior to 21 um but i i hope there's opportunity like even when we say
like we use Rafiq as an example he didn't just start creating art art. Like he's been in this, he was a well-established artist
before he ever did anything on chain.
Is that accurate?
Yeah, and he was a well-established digital artist
before he ever did anything on chain.
Yeah, that's what I thought.
I just, I hope there's still an opportunity
for new artists to come in
and I'll say it again.
I know I got on this royalty rant.
Protected royalties matter.
It's a good thing.
It did bring a lot of artists in the space. I know there's two sides of this conversation.
Some people adamantly disagree with me. I think it's advantageous for artists to get paid in
perpetuity for their work. I think they're more likely to introduce their work, especially when
they're new, when they're emerging when they're emerging at price points that are
priced to move as opposed to, Oh, I put so much time and energy in this. I need to sell this
piece for $1,500 and it may never sell. Whereas, Oh, this is an early piece. I'm unknown. I'm
going to price it for one 50. So it moves people collect it. I can get my work out in the wild.
And then a few years from now, if it sells for 1500, they can get another 150 bucks for their efforts, for their work.
I'd rather see those artists get paid in perpetuity than, no offense, than the open seas
of the world. We pay, and then, you know, to tying that to, you know, the PFP brands or the
NFT crypto natives that are building in the space. I don't believe they should rely solely on royalties.
But think about the Moonbird example.
Someone goes and buys a Moonbird today.
They're give or take paying $5,000 for a Moonbird
because they want to join that ecosystem.
They're expecting some sort of utility or some perk
or some benefit or some access.
And on that transaction, OpenSea gets paid.
Ethereum collects some fees.
The seller gets paid.
And Spencer and Orange Cap Games and Moonbirds make nothing, literally $0.
Yet they're the ones that have expectation to deliver some sort of value back to that underlying asset.
some sort of value back to that underlying asset. It's just that model is broken. And I'm kind of
It's just that model is broken.
surprised that this is such a polarizing topic that there are some that are just adamantly against
royalties when it's what we knew when the space was thriving. And then I know that, again,
some would disagree that blur and the blur farming incentives and the elimination of royalties or or the change in royalties
had had a negative impact i think it's to be the data it's very clear it had a negative impact how
much you could debate but i just i don't understand why some people are so adamantly against creator
and artist royalties i think it could be a good thing i think the fix to that is doing something like what Sam Spratt did recently with his Masks of Lucy, where if you buy it, like when you bought it on secondary, if the person made money on it, then they pay royalties.
If they're losing money, then they don't pay royalties.
And making it so that the royalties aren't like a tax on losing money on the collection, I think that makes a little more sense to me.
So the incentives are a little more aligned and people don't feel like they're
losing money because like they're buying into a collection or selling out of
a collection.
Wholeheartedly agree.
And I also understand the sentiment where,
I bought this member for $5,000.
Now it's trading for 500 and you're expecting me to pay a royalty on it.
That's, that's BS. I get that. And the, the point is like the tech exists today. You can do what
Imlo just described. You can do what Sam Spratt's doing. You can upgrade your contracts, like
use the technology. Don't like at least what, what I will, I'd probably, I wouldn't fight,
but I'd verbally fight at least strongly debate an NFT founder that tells me, oh, we had to pivot.
We're leaving Web3 or we're no longer providing any utility.
There's no access.
This is just on-chain art because royalties went away.
F you, man.
F you, lady.
Like, make it, if that's your excuse, then upgrade your contract and bring royalties back.
And they're not going to do that because their excuses they just they ran out of ideas they don't want to
ship anything else and it's an easy excuse to bow out um alex gm what brought you up and then what's
your do you think over or under 1 000 active nft traders actual collectors in the past month
i would say uh over but i'm thinking about the whole market including art and not just PFP
art but
then I would also include like the Tezos
and that kind of stuff man
and you know
the cheaper
art and everything but just for
PFP I would say
it might probably be under
but you know there's been some
you know with Tokenworks stuff there's been some, you know, with Tokenworks' stuff, there's been some interest in,
you know, some more collecting and stuff,
especially with the people who are just flipping
because they just saw, okay, Tokenworks are doing that.
We'll go and buy them and stuff like this.
But, you know, I could all in maybe over a thousand you're probably right if especially if we count
those that are collecting or or buying they're a real human but they're really buying with the
intent to flip i think if we talk about people that went and bought something to collect like
the people that went out and bought a regular Beeple to vault it and not think about selling it for five to 10 years.
I think those individuals are probably less than a thousand of our guests. People that are actually
buying an NFT to collect, not just for a short-term flip or to front run a TokenWorks
announcement. I think that number is very low, unfortunately. And I'm hopeful that this digital
art resurgence brings more of that back.
I'm hopeful it brings more trad art on chain,
not just traditional artists dropping NFT mens,
but tokenizing the stuff, leaning into RWAs.
It's just, it's a better way.
I'm not going to go off on a project that one of our loyal listeners
and friend of the show, of you know just a friend uh
is building we'll save that for another day but um yeah just a hopeful that it's we we do start
seeing some in them i guess my question is we go from art basil we go to the moma and in the punks
and the swiggles what's next emla do you have a, like, what is the next,
is it just simply more museums?
No, museums happen as a point of validation,
but they're not, A, they're not where we should aspire to go.
Like, that shouldn't be the end goal, A,
and B, like, just because there are a few museums picking up work
doesn't mean that that's the logical next step for most of the space.
Because I don't think you're going to get board apes into museums anytime soon.
Maybe I'm wrong, but even then that's a side note.
Because I don't know that that aspect is going to be drawing people into museums or into NFTs.
people into museums or into nfts i think the next steps have to be like people making their web3
businesses into actual businesses that can survive multiple cycles in multiple years because at the
moment you're seeing a lot of like platforms and i'm talking about more on the art side but
platforms that are like very successful platforms that are that are like laying off employees
like cutting down their their kind of operations etc and it's sad to see but the the reason is
because there isn't enough volume right now for these builders who have been here building for
years now to continue doing what they're doing at that rate for some of these
projects. I mean, even like Foundation, for example, which used to be one of the
top NFT marketplaces for the art side, they totally abandoned that and started something
else called Rodeo, but even that is not doing so well. So like, yeah.
You mentioned there was a Foundation mentioned there. Alex had mentioned Tezos.
I haven't looked at Tezos in a while.
I saw some,
our friend Crocs,
who was a big collector over there for a bit.
this was his pushback on royalties are bad.
And I think he's the example of some artists on Tezos thought they could
price their art cheap and charge a 20% royalty.
And it just,
no one,
it alienated the traders no one they wanted to
come in and collect their art to trade because they were getting taxed too much in their opinion
um what has the ball like is tesla i mean is are there i mean forget a thousand nft traders period
like are there still people buying and selling art on tesla's or is it dried up i i have not
looked forever i have no idea i mean i don't use it myself but i know artists are using it i mean uh because the the team is french they're very big in
paris um uh but they call themselves the artist changer i mean i was at paris photo and they
sorry man go ahead no not not to interrupt or cut you off but yes people are using it i i don't think it's
like the next nft renaissance though i think tezos is a dying chain in a lot of ways the reason that
tezos is cool though for your listeners is because you can get really good art for a fraction of the
price you'd get it on eth so unfortunately like that's for the state of tezos is that like they're dirt cheap art right
now i don't know what the catalyst to make those pieces on tezos go up because the chain
keeps going down in price so it's tough to balance the art at a good price of tezos when
tezos keeps going down but in general like if you wanted to get good art i like tezos is a great place to
start good art buy some acclaimed good artists good digital artists too right like some people
that you might pay a premium for to collect on eath have have launched collections in some cases
small collections on tezos is my understanding check me if i'm wrong here is that accurate yeah
100 die with the most likes has some stuff on tezos there are a ton of artists on tezos that that have great art on eth and like
have made their names not on tezos but if you go and look on tezos you can find some of their art
for a few bucks but they do you think go ahead they kind of do different like i know artists have
eith collections but they'll do like a certain like a different kind of style on tezos
i know a photographer he's you know a very gothic kind of art on eith and then on tezos he just
does like his uh everyday sort of pictures and stuff so i mean it's a it's a good marketing tool i think do we think there have any have any bridge
if any done a and i don't again this is gonna say i don't maybe it's bridge off tezos to main net
or another chain's not even you know feasible yet or not not uh maybe it's cost prohibitive
has anyone done like a burn to redeem on another chain has anyone moved their collections one way
or other off off tezos onto another onto another chain? I saw an artist
this week actually do that. They did
mint on Tezos and then you
could burn the Tezos piece and get it over on
ETH. So that
does happen sometimes. It all
depends on the artist though.
That's not like the culture of Tezos.
I mean
the technology's there now.
I know there's a marketplace on Sui now, which they're using ECO,
which is a protocol where you can bring any NFT onto their marketplace.
So you can have Solana or ETH NFTs in their marketplace
and then buy them with uh buy them with sui and but
you're the the the nft stains the same but you've just got it you just pay for it in sui but the end
the other guy gets paid in ethel or whatever so i mean there's ways to to innovate i'm sure there'd
be if someone could do or maybe I should do it myself,
build something where you can do that with Tezos
and bring it onto ETH or something like that, you know,
or pay it with ETH onto Tezos and just have it like that.
We were way under, if you guessed under with me,
just on, shout out to keep fishing for the record,
in the last month
on just Top Shot alone
there's been a little less than 3,000 buyers
and a little less than 5,000
sellers on Top Shot
3,000 call it about almost 3x
that 1k just on NBA Top Shot
alone and those count
we may forget about as NFTs but
they are very much so in
fact nfts and yeah those are those are collectors not not nearly what they were once at the peak
i'll rephrase my my funnel and say under 1k art collectors across all chains i would i would agree
with that one yeah i would agree with that one as well there we may be
off maybe there's some you know base collection i just i don't think the amount of actual human
beings collecting this stuff it's it's maybe at an all-time low despite art basil despite the
moma announcement with the crypto punk acquisition and um yeah it'll, it'll be, it'll be, I agree with you, Mlo.
Museums are not, should not be like the aspirate.
Like this is what's going to send NFTs.
I wholeheartedly agree with that.
I do think more builders, maybe, maybe boring crypto.
I actually, I'm going to go pin a, I can't believe I'm doing this.
I'm going to give, I'm not going to give a shout-out, but I will post a clip from the Bankless Bros that I've been fading for about the last four years.
I blame them for my irrational long ETH bag and some of the PvP that was embedded in me early on.
I can't, but I'm not kidding.
I digress.
I'm not going to go back on.
Actually, you know what?
It's a Loki clip, so I feel fine to share it.
But I'm putting this up top now.
If you get a few seconds later, check out this video clip.
It's, again, back to crypto is boring now.
again, back to crypto is boring now. Good. Talking about the extractors, the griftors,
Good.
those that came here to cure for personal financial gain. And not that there's necessarily
anything wrong with that other than those are now the same people who are saying, oh,
crypto is boring. Crypto is dead. Don't listen to those people. You probably would fade them
if they said, oh, here's a presale. Send your ETH or send your Solana to this address knowing
you're probably not getting anything in return other than some magical internet tokens that
are going to quickly run to zero because they're just going to rug it. Why would you listen to them that crypto
is dead instead of all the major institutions, all the, you know, the, the, not just funds and
institutions, a lot of very successful high net worth individuals are bringing things on chain whether it's
art by way of rwas whether it's traditional collectibles by way of rwas there's so much
real building happening but that that clip i just posted up top from loki talks about
well those the loud voices the the mean coin traders, the speculators, they took the air out of the room.
They gobbled up all the attention.
And imagine, I'm paraphrasing the clip here, but imagine you've been a dev and you've been putting your blood, sweat, and tears into building something for three, four years. And then all of a sudden a meme coin drops and it has a thousand X the
valuation of your project. And it's literally nothing. It's just vaporware and everyone knows
it. By the way, I want to go to wise here in a second. Welcome wise to this stage. I am getting
ready to cross a bridge. I should not lose service. I should be fine. My service usually drops to one bar, but I,
if I happen to rug my apologies in advance, I will spin up a new space. As soon as I get across
the it's beautiful bridge, big, beautiful bridge. Um, that was not, that was not an impression.
That was just, uh, it is, I'm a fan of this bridge. It's a, it is a, the pride of a St.
Pete. Anyways, I digress wise GM apologies in, apologies in advance if I cut out or rug you.
If so, we'll bring you right back up on the new space.
But what brought you up, sir?
GM, always pleasure.
What's up, Captain?
No, I was going to say you're absolutely right.
Don't let anyone fool you because those guys, they're just shilling nonsense so they can steal your money, basically.
There's a lot of real things coming in this space
i'm not going to show but uh we're one of the people that's bringing rwas onto the blockchain
and rwa is going to be the path to mass adoption i think because i i'm a i'm also a user of it and
you avoid a lot of the volatility of the market most people can't
deal with volatility especially with scams like people like what captain is referring
to so real things are coming on chain so i think people need to start thinking more like
traditional investors about what they're going to put their money to and to start learning about
words like liquidity and revenue and products and services because that's how the real world
works uh tokens are mostly nonsense so can you give us an example of an rw for the some of you
might be listening this first time they're hearing about rwa's or they've heard it but they're not
really sure give me an example of like a specific example of something that you're
excited about where bringing it on chain, the real world asset,
bringing it on chain, what does it unlock?
What can you.
So we're, we're bringing personally,
I can't speak about other RWAs cause I know some of them have like a token
involved, but we're bringing it.
We partnered with a telecom company to bring the telecom industry on chain.
And the unlock is, you know, there's there's three billion people without the Internet.
So they actually have a real business model and a real gap to fill.
And the other unlock that I think it's bringing, it's going to bring a lot of people on chain with a lot of money.
And they're not going to want it. They're not going to deal with meme coins.
They're not going to deal with all coins that promise all this nonsense.
But there's no there's no substance. The people that are coming in, they want to they want to get in.
They want a safe place to put their money and make money now so with and rwas a lot of them are 100 revenue based like for ours in particular because that's the
only one i could speak on there's no token involved you deposit stable coins and you earn
20 apr on your stable coins and it's re it's it's 100 powered by revenue 2.9 million people who
are already subscribing to this company's telecom service are paying paying their bill every month
and that's what powers the apy and that kind of stuff is what is going to bring real money and real investment on chain.
Every time I hear 20% APY, I have to ask, where does the yield come from?
And I know there's a lot of others that will tell higher than 20% APY, but if it's sustainable at 20% or more, where does the yield come from?
The yield is coming from 2.9 million people paying for their internet service every month.
So it doesn't matter
if we're in a bear market a bull market so so wait though it's just you're saying it's the the
telecom company they're just instead of making that extra 20 profit margin they're they're
foregoing their that 20 yeah they're basically using the airbnb model they're giving the profits are going to the people, basically.
That's how it's sustained.
There's 3 billion people that don't have
the internet.
There's a lot of room
to grow because they're just scratching the surface
at 2.9 million.
Is internet
service a real-world asset,
though?
Which part is the real world asset uh the equipment the antennas you know they have to put up the equipment
in order to provide service to the areas so that's what we do we partnered with them and
when the money comes into the contract it gets forwarded over to world mobile that's the
name of the company you can visit them at world mobile mobile.io or you can visit their ex at
world mobile team so basically the money comes into the contract gets forwarded over
to world mobile they then put up the telecom equipment and we now own that equipment.
And the APR is powered by the actual users paying for the service, not by.
But I'm still digging into that question.
I don't know that that makes it an RWA.
Like our RWA is our, our tangible things.
And it's tangible.
If you go on our page,
you'll see equipment on top of buildings and stuff.
That's the real world answer.
When you're buying into it, are you buying into the,
the, I still don't understand your,
your buying into the equipment or you're buying into the company or you're just
giving them yield to get apy i can't hear wise is it just me no i can't even hear him either okay wise i think we lost you
maybe take a lap it could have been me because of the probably a hard handoff i'm getting speaking
like not even making this up uh no a thing or two about telecom pretty sure i had
a hard handoff going from tower to tower off uh crossing the bridge usually they're soft usually
you don't lose any service but uh that's likely on me so maybe take a lap and uh rejoin us we
might be able to get you back uh in the combo here but um yeah i i mean i I'm not, I agree with him a lot. I'm not sure it's the traditional definition of RWA
in the sense that we think about an asset tokenizing that,
bringing it on chain.
I do know there's been some others.
I think, is it Helios?
Was that the first one or one of the first ones?
Helium?
Helium, yeah, that was it.
They had like a mobile service and users could get basically,
I don't know if they were using their extra data i don't know how that maybe i think they even
like distributed hardware and they were setting up hot spots is that am i right yeah i think you
were with helium you were like securing the network basically because you were like there
were a lot of different nodes that were mobile and each node that was added to the
network made it that much more secure and i i get it in theory like conceptually and theoretically
i get it there are a lot of people that still don't have reliable internet reliable wireless
service it's not in the u.s so i think like in u.s or most developed countries good luck like
good luck competing with verizon at&t t-mobile and then oh by the way you've
got mint and and like the the the uh you know the the second tier the third tier telecom companies
that have people like uh um jesus what about elon musk's elon musk company well that that that's
exactly what's gonna be next what's before
i go there what's the actor's name ryan um why can't i think of this this is bad um ryan reynolds
ryan reynolds with with mint mobile like he's out there a commercial every other minute on the radio
talking about 15 like it's just gonna be in i mean saga we were just talking about uh solana
killed their sagaphoneaga phone after two generations.
It's insanely difficult to compete in that industry.
And on top of
the extremely entrenched
multi-billion dollar
incumbents that are
AT&T, Verizon, and T-Mobile
in the States, you've got
the Ryan Reynolds startups.
You've got Starlink, which
they're going to win.
I'm sorry.
Good luck.
Even airlines have started using Starlink.
I don't know if you've noticed that, but you can literally use Starlink
a thousand feet above.
This entire space, I've been in my car.
It's driving itself. I trust it more than I've been in my car. It's driving itself.
I trust it more than I would trust an Uber driver.
Probably trust it more.
I trust it more than I would trust myself driving while hosting a space.
Now I have to watch the road.
I'd still supervise today.
Soon that will end.
But if you told me I could have a cheaper experience on a decentralized node of a bunch of people to i'm taking the this 100 times
out of 100 like it's just it works just as starlink works and it's not extremely expensive
it's in in that that business is extremely capital intensive to break into it's not just
the hardware you've got to go buy Spectrum or you're renting the
Spectrum from those incumbents that are making money off of your efforts. I'm very bullish RWA's
and I'm not like poo-pooing wise and telecom companies on chain. I just think it's probably
one of the more difficult verticals for a startup to break into just because of how that space works,
at least here in the U.S.
Not saying go to go to an underdeveloped country that doesn't have fiber, doesn't have wireless
towers everywhere. Maybe there's maybe there's a market there. There probably is a market there,
but that also is going to take work. And just as soon as you think you've made some headway,
Starlink or someone like Starlink is probably going to put you out of business because they're just bigger, better
and have more resources.
I'm happy to be wrong there.
I just...
This actually segues into my...
The other topic, not necessarily
crypto-related.
Maybe it gets there at some point.
I...
And this is probably going to piss some people off
because I know there's some Elon haters
it's insanely impressive
not just Starlink, not just Tesla
everything that they're building
I've driven a
I've owned Tesla stock for over 5 years
I've driven a Tesla for like 6 weeks
for as poor
like for NFT NYC being dead last on the ranking and being a massive gap
before the second to last Tesla's are first, any car I've ever driven. I've owned BMWs. I've
owned Mercedes. I've never owned supercars, but I've owned nice luxury vehicles.
The Tesla is just,
they've lapped everyone.
It's just better on every,
and it's,
here's the,
here's what,
why I'm so,
have so much conviction in it.
It's already significantly better
and it's getting better every week.
I think I've had maybe five updates
in the six weeks I've had it
in like materially better in six weeks,
the full self-driving was cool at launch, but I had to still park it myself. I don't have to do
that anymore. I like when I plugged in my address where I was going, I can choose whether I want it
to park curbside or I want it to park in a parking lot. And it literally will go from when I started
the space, I was at a supercharger 50 minutes away, an hour away.
It's now going to go up here and park on the street where I need to go.
And I had zero interaction.
I've been literally hosting this space the whole time, talking with my hands.
Only thing I'm doing is keep my eyes forward so it doesn't beep at me and tell me I'm, you know, better pay attention to the road or it's taking away my full self-driving.
It's insane.
The post I pinned up top, I had this kind of this epiphany i guess like i had zero desire to buy another vehicle by the way
if anyone's in the market for a a uh older but nice condition and modded out jeep wrangler um
that's actually where i'm heading to now i'm meeting
someone this morning before i go meet my brother to attempt to sell this jeep so if anyone's in
the market for a jeep let me know um but in all seriousness i saw there was yesterday two days
ago elon said out of the post said a tesla with no safety monitor in the car and me sitting in
the passenger seat took me all around Austin on Sunday with perfect driving.
I've thought probably since my daughter was 10, that there was a chance she would never have to quote unquote drive a car herself. By the time she turned 16, full self-driving robots would
be driving us everywhere. We're there now. She's 18. So we didn't quite make it at 16.
she's 18 so we didn't quite make it at 16 we're there now and it is full like
i started selling cell phones when the first black friday we were the feature and the benefit
we were selling was this cool flip phone now has an external caller id that's that's color it's in
color it's vga so you can't really and you can take a picture and you could say who's calling is the picture,
their, their photo ID, and it will show their picture when they're calling,
not just the fancy ringtone. Yeah.
You couldn't tell who it was because it was literally VGA quality. And it was,
it was more granular than a crypto punk, uh, in terms of pixelation goes,
but that was the only half the country had a cell phone.
So I went from half the country or less having a cell phone to opening Verizon stores in 08 when Verizon didn't have the iPhone and 3% smartphone take rate to
where it's fully inverted, over 100% smartphone take rate today. And saw that coming, saw that
trend coming. Most people said, that's crazy. No, people are going to pay this extra for this data
plan. And I just kept saying, you don't get it. They are.
And I feel the exact same way about full self-driving.
You don't have to like Teslas.
You don't have to like Elon.
Go look at China.
There's a lot more electric car manufacturers than just Teslas.
There's some that are really probably, in some cases, you could say they've lapped Tesla
on some of the tech front.
But in the States, with the supercharger network and the
price points on these cars and their full self-driving and how quickly it is evolving.
I, as someone who, again, built my entire professional career in the cell phone business
and saw smartphones and that tech changed so rapidly and world change, change the world, change society so quickly.
Many people here in this space have no idea what it was like to live without a smartphone,
have no idea what it was like to live without 24 seven access to the internet.
I did. And it seems so inevitable that once this stuff got in the wild, like, okay,
everyone's going to adopt this. I feel the exact same way about full self driving. It's just better. And what got me excited is I think we're closer than a lot of people
realize to the robo taxi being a thing. And while I will continue to DCA into Tesla stock,
I had this thought that, man, I may, I may put that on pause and just buy another car next year,
because I, maybe I'm too early. Maybe it's a few years away and I just jumped the gun. Full self driving is going to like,
I don't know what's the average Uber driver make annually. I don't know the answer. If
someone wants to chat to you, let me know. I can, I can multitask while the car is driving itself,
but I probably shouldn't be triple quadruple tasking. Um, the point being
it's we're close. We're real close to, to robo taxis being in the wild. I mean, they,
they are in the wild. We're real close to being, I can make my car a robo taxi. And then it's not
like, I don't, I have zero desire to drive an Uber. I have a lot of desire to make my car an
Uber and, and have it making money for me. To be able
to earn passive yield from your car, that's exciting to me. A lot more exciting it is to make,
no offense, 20% APY on a startup telecom business that I don't think will, at least in the States,
I think will have a very hard time competing. I think Tesla, or I mean, Ubers and driving people somewhere, there's already product market fit.
If you're telling me I could go from using my vehicle maybe a couple hours a day to the other 22 hours a day, it is making, is earning money for me. the math and I just feel really
certain that this is
going to be a big thing
and so yeah instead of buying let's
say I don't know I don't know it's more
than I'm not currently not buying
what
would be $2,500 a month in Tesla stock
but and I think
probably to get actual
car that you would buy you're probably talking closer to 40, 50K, I guess, if it's a Model Y.
Anyways, I digress.
My point being is there's a very, very, very, very real world that as early as 2026, you could earn more from your car than whatever cash on cash return you're looking for, or go lease, go buy one, but, but finance it.
And your income from the robo taxi is likely more than what your monthly car payments would be.
Like we're very, very close to that world. And if you're like, remove the names, I know some people
are just anti Elon. They're never going to buy a Tesla. They'd rather burn a Tesla than buy one
because of the CEO, which again, I, for the life of me i don't understand that steve jobs was not a good
human being uh by many accounts he wasn't a good father by many accounts he still was one of the
greatest orders of our lifetime and he helped create world-changing tech i i respect that
like i'm not trying to be the same father Steve Jobs would
be. I'm also not going to put myself in like, I could be the same CEO that he was.
A lot of people don't like Steve Jobs. They still carry an Apple phone.
Anyways, in my digression there, remove Tesla from the conversation altogether.
And you're telling me you've got car A and car B, you're going to go finance them and car, they're both going to cost you $700 a month.
And car B, the only way to generate income is if you're investing your time driving that car around.
And, oh, by the way, whatever you paid for it, let's say just for easy math, let's say it was 50K.
The minute you drive it off the lot, it's the, it's going to devalue 25%. It's, you know, you go to sell it a year from now,
you're lucky to get 30 K out of it or car a you're paying the same thing. You're paying $700 a month
and it's generating $1,400 a month in revenue, or you're, you're making a profit of $700.
And oh, by the way, because now it's a profit center instead of depreciating
and only being worth 25K a year from now,
it's actually held its value
because again, it's a profit center.
It's making more money
than it's costing on a monthly basis.
It's just like,
I'm really surprised
as now we're starting to see
like the robo taxis taking off
or being in the wild.
I'm really surprised we haven't seen more people talking about this.
I'm surprised we haven't seen threads on the income potential for what self-driving is going to do and how it's going to change.
People got an uproar over Uber's eliminating the taxi industry or making the taxi business difficult.
No one's talking about...
Uber drivers and XRP holders around the world
are going to be really pissed at you, Cap.
That's hilarious.
There is a direct correlation
between Uber drivers and XRP holdings.
I don't know the math, but it's a real thing.
Just next time you're in an Uber,
ask them if they hold any crypto.
And I would bet, if you ask 100 Uber drivers if they hold any crypto. And I would, I would bet if you ask a hundred Uber drivers,
if they hold any crypto, I would bet the number one response you're going to get is XRP probably
by a landslide. I don't know why, but, um, actually I do know why it's YouTube. And, um,
this is also like, this is an actionable alpha. And then we may look to wrap,
wind things down here. I did get to my destination. Uh, got a Jeep to sell. Um, and then, uh, and then a, uh, doctor's appointment and then brunch.
So busy, busy morning here, but I will, I will, uh, um, wrap with this. This is actual alpha
is you, I think it's, I think it's LOMs continue to off, their learning data is YouTube. You could go ask
ChatGPT right now, what are the top five tickers or the top five cryptocurrencies that people have
asked you about in 2025? I would be shocked if XRP isn't one of them. That may change,
but that's a way to, in know, in the last 30 days,
what are the most common, you know, tokens that have been asked about? Like the, it, there's a
lot of signal there in terms of what people are searching for, what people are interested in. It
used to be like Google trends, you know, that you'd see often on the timeline, oh, Google searches
for Bitcoin are spiking, you know, number going to go up. While I think that still holds true to some
degree, I think you can, you can get more data on the collective human consciousness and the
market demand market interest, I guess I should say via chat GPT, then, then even just Google's
been anyways, um, quick conversation this morning. We'll be back Monday with full regular
programming back to the video
and the live stream appreciate
Emblo Alex and Wise jumping up today
gentlemen we'll go across the horn
any final thoughts closing words
and just we'd do like 30-60 seconds or less
it'd be great and we'll get everyone out here go ahead
Wise final words
you know crypto
is evolving you may not want to choose a telecom company but
rwas are where the industry is going so start doing your research it's early it's good to get
in first and uh thanks for having me yeah thanks for jumping up appreciate it and i agree rwas
seem to me like the next logical catalyst we've've been talking about it. It just feels like the tech is there, both on the back end and the front end. You can really obfuscate it to where your average consumer is not even going to know it's an RWA, not even going to know there's a token behind it. They're just going to know it's easier to buy and sell and trade the thing that they are accustomed to. It's a lot less friction than uh than say ebay for example uh
alex any closing thoughts final words i'll let him look it in here uh yeah definitely buy tesla
and definitely um pick up some nfts uh macy's and basies is a very good entry at the moment um
and there's some good entries all over the place actually man i've been uh doing some sweeping but
pleasure being up here with you uh chris and uh i'll see you the next
time yep thanks for joining us appreciate it and yeah you want to if you here's the nft you need
to go pick up you don't have to buy it you just go up top click that link uh head over to op.xyz
slash claim and put in code cwc holiday that's again i think i said it wrong once again earlier
this morning it's not cwc coffee's CWC Holiday, all lowercase.
Or actually, I don't even think it's case sensitive.
Just CWC Holiday, op.xyz slash claim.
Or just click the direct link that's pinned up top.
And not only get the badge, but that badge is designed by the one and only Imlo.
Imlo, thanks so much for doing the art.
We will bring you back on next week when we'll do a fun giveaway.
And we've been talking about some changes to Coffee with Captain
as we head into the new year. Emlo
and I have been discussing something as well offline that
I think we could have a lot of fun with and
highlight some emerging artists. So if you're an artist
and you would like to
potentially participate in an upcoming
segment here on the show,
probably like a monthly segment to keep
things fresh, but TBD, still
working on some details, but if you have any interest,
hit myself or MLO up and we'd love to chat regarding that.
MLO, thanks again for joining us today.
Appreciate the digital art slash MoMA slash crypto punk conversation.
Any closing words,
final thoughts before we get out of here for the weekend?
Yeah, just don't forget to claim that badge.
We might have some surprises coming up for people
that claim that thank you so much for having me on today cap and merry christmas and happy holidays
same to you merry christmas happy holidays to you to everyone else listening really do appreciate
all of you being here i know it's a holiday week and a little lighter news week on the crypto front
but i've enjoyed the conversations and really excited to get back after it
next week,
finish the year strong and excited for some new things coming in 2026.
But to Emelo's point,
don't,
don't sleep on it.
Don't,
don't wait,
go get that badge claim now and be participating in the fun as soon as it
launches.
And we will be back Monday,
8 a.m.
Eastern time as always.
Also don't forget to go check out the newsletter this weekend.
That'll likely hit tomorrow.
You can head to coffee with captain.com and plug in your email.
If you've not yet subscribed,
we also will gladly accept any ratings or reviews on the podcast over on Apple
or Spotify or wherever you listen to podcasts.
Even if you listen to show live and don't ever check the recordings,
it does help us out tremendously. Uh,
those extra rating and reviews go a long way. Uh,
also don't forget about YouTube while you're at it.
Give us a subscriber over there. Greatly appreciated. And, um, yeah, the, uh,
the newsletter, when you see it tomorrow, hit the pool in there. Uh,
we are, uh, that'll be a talking point for, for Monday as well.
Appreciate in advance
the participation on that front.
With that being said, hope you all
have a wonderful weekend. Enjoy some more time with family
and friends. And as
Steve would always say, hope you all have a wonderful
wonderful day, everyone.
We'll do a little
counter-price here for a second or two to
get rid of the lag and then we'll wrap a little counter price here for a second or two to give me a get rid of
the lag and then we'll,
we'll wrap things up. This is for the judges, yeah, I'm them. She's too big, keep rushin', probably got a bunch. Word is the seniors in the makin'.
Word is I'm bringin' home the bacon.
Word is they don't see what it take to make it.
But the word on the street is I make it look easy.
I'm fat or I'm cool, bitch or bitch.
Word on the street is I make it look easy.
I'm acting as smooth as far too easy.
Word on the street is I make it look easy.
Easy, easy, easy, easy.
Word on the street is I make it look easy. Easy, easy, easy, easy. Word on the street is I make it look easy.
Too easy.
Insights
P
