Yo, yo, yo, yo, yo, yo, the fuck is good
Fuck look, I'm gonna play a little intro song
I'm gonna pin a few tweets to the top of the space as always if you want to speak
What do I say hit that request button? I probably will not let you up, but I mean it
I probably will not but it is in fact your best hands right now and not I do mean look
I'm about to play a little bang on me back when I'm back catch you when I catch you
What the fuck is good you crypto Twitter motherfuckers, man
We are back and we are better than absolutely ever. It wasn't an incredible week. So I can Friday so after this week
I think we're like three weeks in a row with five faces a week. What the fuck?
I don't know what year it is or what the hell happened. We're so back
You know, I just realized actually as I play the wrong song I was gonna play a new the new I spy song
You'll hear that new song. It's like
The hook is like you bitches think you're the shit, but you're not even a fart
Interesting song that just drops out to I spice for throwing it out there. But look
Tough crowd. Hey, well, look we got a lot to fucking talk about we got a lot to get into today
My acting career actually starts today if anyone was curious. I am in fact appearing in a little
Like I was telling everyone I was on like a film work. I was like bad like I'm trying I watched what did I watch I?
watched like Oppenheimer and then I watched like
Interstellar and I was like, bro
I'm trying to be Christopher Nolan like how my director shit like I'm trying to be Christopher Nolan
And so I was talking about all my film work non-stop non-stop non-stop
And then Kevin hit me up came on II and was like yo like gang
Like I know you're trying to be on your film shade yada yada yada
I got a part for you and I'm like alright, dude, like I'm down
But just let me preface it by saying I'm a terrible actor like I'm not a good actor
I'm really bad and I'm just like letting you know and he's like, oh trust me. Trust me. Trust me
Like we've done some videos like I got you my eye. I don't expand out of my comfort zone
So I got a shoot with him today, right? I said a couple hours and
I tested I'm like yo like bro. It's in a couple hours like send me the you got a script
I'm not really good at memorizing like you got a script. He's like yeah. Yeah, I got you. Don't worry about it
It's pretty easy and he sends me over this script. It's in like an hour. I got like an hour and a half
There's you I have zero lines. I
Literally do not have a single line. There's not one talking line
It's just like stay it's like background guess number four like standing in the background number seven
And like look pretty in tall and cute in the back and in number 19. I guess zero line
I don't have a single line and I had a cancel meeting for it
So that's kind of where I'm at, but look in other news
It's a good fucking day today for many reasons one of the main ones be in my Bitcoin puppets are
So Louie fucking lying you love to see it. You absolutely love to see it the puppets
I I've got in some Twitter beef over the fucking puppets. First of all, I I've gotten into some beef bread guy
You're chillin pumping dumb guy. What is this bullshit? You're yada. Yada. Yada. Fuck
You is kind of where I'm at. The puppets are flying
I never I never come out and say a trade with obvious and hindsight. I never do
I never say the trade was obvious because if it was obvious, I probably missed it, but I hate to be that guy
It was kind of close it was kind of close I made a tweet we I don't know if it's the right term
But I said something along the lines of
Puppets are like my witness test to see if your left curve enough to make it
Then I posted a puppet I said is this fine art question mark if the answer is no you have some serious soul searching to do
And I wholeheartedly believe it wholeheartedly believe it
The puppets are my test. We'll definitely fucking talk about those. We got a lot happen to know
I want to talk about wasabi protocol as well be check. I know you were tweeting about it
We got we've never really talked about them on this base
I actually want to have them on like not even for a sponsor, but just because they're fucking interesting
I don't feel like they get enough coverage
So we'll definitely talk about that. We got fucking mocha token. We got when on Solana
I've seen 30 plus tweets on my timeline today of em efforts claiming a Solana airdrop that is worth less than $10
Only on Solana. Can you do that?
I've seen 30 plus tweets about members claiming an airdrop that's less than 10
But you love to see it energies back in the air. It feels like
Remember when SOS dropped and
Then LFG and then gas and all those drugs SOS was a crazy one. That's the list of a dollar. I still believe it's gonna happen
I still genuinely believe it's gonna happen
10k TF is back from the dead to like they posted something on the time that I have not heard from 10k TF in literally months
We got double-eop on stage. So maybe we'll talk about that with him and some of the you can max
He's a little I haven't heard I seriously haven't heard from 10k TF in like months like many many months
Also by far the funny thing that happened yesterday is the founder of Algorand Twitter got hacked
I don't know if you saw this, bro
It was I this is like the funny maybe one of the funniest thing has ever happened on CT
Twitter got hacked like instantly changed BFPs through the maw goggles on
It's the count still hacked. Yeah, my first posting like playboy Cardi leaks for the Algorand account
He tweeted y'all Algorand motherfuckers are so poor like I've actually never seen anything like this instantly tagged inverse
Bro as well. I kind of still have we're like 24 hours in
Also, mom pump we get a mom
Mark pump yesterday. The means are pumping dude. The memes are fucking pumping
All the left curve shit is flying. My mom bags are flying my puppets
Even the heart stick is pumping a little bit
But it feels like the season of just like DJ and left curve and I'm here for it
I'm genuinely here for it and it's kind of funny to talk about like a Bitcoin puppets
Slash and Mog in the same sentence is like 10 KTF, which was the most like complex like
Supposed to be right curve like storytelling war like in-depth here in-depth there
I don't know. It brings up interesting conversation. It's like bet you have layers on layers on layers
But people on CT don't read they don't digest anything. They don't spend any time with anything
It tend to feels like the left curve shit plays out so much. This is like so much cleaner
It's like so much cleaner from like zero to fucking hero with the left curve shit
So shot the Bitcoin puppets. That's a mall. I honestly I was starting to write off the mall bag
I was like, I'm gonna stop I just stopped looking at it deleted off deck screen
I don't want to look at it anymore cuz I was gonna sell it if I genuinely have too much money
I was gonna sell it. There's too much money in there for me to be looking at that under the daily chart
So that's where I'm out with that. So that's a mall and I want to get into it a little bit
Short little monologue there. I mean big tech. I'm gonna start with you. We got to go back and forth
I got some things I want to cover with you at first and foremost. How was today's space?
How was the the snapshot this morning? Where are we at? How are we feeling? How are we doing?
How are we living most importantly be check? How are you today? It is beautiful morning and afternoon for you
Doing great, man. I had a nice space today
My co-host legendary was not available
So I had NFC stats on with me in the official co-host spot
So that was pretty fun show to do he was on video YouTube and the whole thing
So that was kind of fun to kind of pick his brain
Like go into a bit more depth with how he's just thinking about the market at the moment
Aside from that I'm making a very conscious effort to not
Claim any airdrops that I'm due the one that was ever that we were talking about yesterday
Haven't claimed it yet because at the moment whenever I claim something
It's the literal bottom and then it pumps after so this when token I know it's available now
But I am refusing to claim it not actually not even looking at any of the details about it
I'm gonna claim in like two days. I think I actually think it's like bullish for the ecosystem at large that there's like
A lot of tweets on my timeline that are claiming less than $10 on Solana
First of all, you can't even do that shit on the east. You said you would spend more than $10 in gas, but I
Actually think it's bullish that that amount just like it isn't the dollar figure about doesn't even matter
It's just the fact that it's free and you have to do anything for it
But it's my whole timeline is to any about a beach check
I mean, do you think that this is sort of like one of many of these airdrops?
We'll see on Solana if all it takes is like seven dollars to get a tweet
Do you know what I think that is actually a really big deal, isn't it?
Because the whole problem with each when you try to claim that type of stuff is that the transactment stealth itself will be like
$6.70 at a minimum and so if you're only getting nine or eight and it really makes it completely pointless. So yeah, I think
Well, I think this is a unique situation because Jupiter has obviously got this big thing coming up and this is like a road test for that
But yeah, maybe other people will do like smaller funds
They maybe will encourage other people to do small fun things. Well, look, yeah
Of course, there's not gonna be triple figures or four figures or five figures
But just like small nice amounts that just gives people a nice little stimulus to go and buy another few dollars of width
Think I mean we know this it's not even like a it's like a normal take airdrop season
So long as about to get fucking nutty
But I think the fact that you can do that
Like you can give people seven dollars and they will claim it and tweet it
You got to imagine like the tweeting thing is big because a lot of these like bait
I mean these tokens are like literally vapor
So they're gonna like win or lose on how much attention you can get on CT and like that one week when you're hot
And so if you can get everybody to tweet for seven dollars like that, that's pretty impressive. Just like straight up. That's pretty impressive
Um, I didn't claim it yet. I got to look at what my
Allocations worth but I don't know it's everywhere in my timeline for like the biggest screenshot
I've seen like 20 bucks. Seriously, it's 20 bucks, which is crazy
I mean people are claiming like 0.05 Solana and tweeting it and tweeting it
That's a big like that part of that's the x-factor to me
It's like are people willing to post this shit people are willing to post it
Spaces are willing to talk about it like people are willing to get into it
B-check how many of the protocols of the 476 that you're actually farming are on Solana
You somehow managed to say the exact same numbers yesterday, I don't know if you've written that number down somewhere, um, I just reread the spreadsheet
Yeah, a reasonable number is on Solana
I do think there's going to be a lot of stuff on Solana the key question I have in my mind
For this particular one given that it's just a small fun amount
Uh is that it's actually linked to another one, right?
I mean, it's not directly linked but
The whole point of it being there is that is this kind of warm up to the main Jupiter job
So do you think TG it's worth getting rid of before the main event?
Which is the the Jupiter's drop
So, you know, you've got that we've got this like small window to try to decide the best time to sell
Or do you think it's got legs even after?
The main event. What do you think? I kind of just hold this shit, dude
Honestly, like I kind of just hold like if I get something for free airdrop
I tend to just like hold it and ask questions later with the arctic. I
I instantly sold one because like oh, it's point. Oh, it's like it's 103 bet
And then I tweeted after I sold like yo, what the fuck is arctic?
And I got a couple like like actually it's just like straight up a BR
It's the cabal reached out like actually the cabal reached out and was like yo, what the fuck are you doing?
I was like, what are you talking about? They're like, why did you sell? I'm like, I don't know
I was you know, it's more than a puppet. They're like brother. Not for long like get by back in
But bought back in at the same price now we're free riding a little bit do a little free riding
Do a little farm in our runes?
Um, I tend to just hold shit and then I'll ride it to zero or or hero most of it goes at zero
But especially if it's a low dollar figure i'm just like oh, it's it was free. I'm just gonna free roll this
Um, so that's where i'm at with that
Um, I don't know why I wrote down was tabi as a topic
The savvy protocol b check. Have you been using it?
I haven't been using it but I am very very interested in playing around with it
It's on my list of things to like get on top of my like limited understanding is that it allows you to go
Long or short on nft's be using the fractional
Uh nft's which were created by floor floor it floor protocol
Um, and the difference between this and how people used to do it is that it used to be
And i'm going to say some terms that I don't like fully understand
That's why it's on my thing on my list to research more properly
Is that you used to be able to do this in a synthetic way?
Whereas apparently now so wasabi's asset backed because they're actually using the tokens
Which are actually backed by the nft's which are in the flooring protocol vault
So you can go long and short, uh on these nft's like that. That's my kind of limited understanding definitely interested in it
Uh, I think it will be interesting to see
For the level of demand for going after these kind of fractionalized aspects of the nft's
But the fucking algorithm the algorithm founder
Just replied to my space. It said bro i'm in your space
With the fucking mug, I guess like the hacker on there. I don't even want to call him a hacker
I feel like in his negative connotation the the I don't know the fun guy
I said bro come up lmao still have the mock goggles on
Bro, how how was the account of compromise for 24 hours?
How is the account of compromise for 24 hours ongoing is insane to me?
Also, it has to be a sappy seal that hacked this account
They just posted one of the the fucking long boys btech everything one of the long boys the long neck seals on algorand
Yeah, it shows. Um, shout out to uh, the the algorand hacker, I guess. I don't think I stole any money
So I can say that with a straight face. Um
This is why bullish on moths like actually this is why bullish on moths
Is he's not going to compromise the account you have a platform to like do whatever whenever however
It's spread between a lot of people quickly and the first thing you do is change your profile picture to fucking log glasses
Ah btech is that bullish?
Um, I think it can be as well. Um, they just yeah me they said I can't talk but i'm here in spirit stacy
Shout out to you good to know your spirit of my spirit are intertwined right now
Um, and we're doing this thing together back to the wasabi thing. They're really quick
I had it on my list and I was like, all right, like um
I'm doing research today. Like i'm reading the fucking white paper i'm diving into the docs like i'm gonna fucking
There's like half a page of information on their website in the docs of like how it works what the deal is whatever
But we're gonna have them on like I 100 want to have them on
Wizard of soho has been tweeting a lot like he was shorting the fuck out of like moonbirds a bunch of these collections printing
It's a pretty cool like tool and i'm 100 like we we got to get into it. I want to use it. Um
Btech what's the deal with karma and an on-chain monkeys? I was trying to learn a little bit more about that
I saw you talk about it. How did in your in your snapshot there? Like we were talking yesterday
Sort of a question can can that piece still pump without dropping a token?
I don't know too much about the karma, but what are your thoughts on that?
So it looks like the nft did exactly what you said it completely pumped as a consequence of the announcement of the coin
Uh, I think there's a bunch on eth and those ones went up like 20 25 percent
To 1.8 eth and the whole point of this
Is that the the only people who are going to get the karma coin the the?
Ocm holders but on bitcoin. So if you're on eth at the moment, you're gonna have to move across
To answer the bigger question doesn't look like it at the moment, right? Like everything that was moving
It's not just on-chain monkey in the snapshot this morning
It was mock of earth also in the snapshot because they moved about 20 percent broke the five eth barrier for the first time
Uh from like 4.5 up to five ish
On the like formal announcement of the mocha coin, which is going to be there like
it just seems to be the main the main reason why
Really try to buy into an nft project with the kind of extra liquidity event of those these kind of
token generation events in mind
Okay, um, yeah mocha is five eth right now that's crazy
I don't remember what the floor price was when wale announced when like wale changes pft to the mocha and announce that he uh
They're like an ambassador advisor, whatever it is collections up a fucking lot
Yeah, because the thing is with with the mocha one. This is one of the things that
I I did a tweet about this yesterday
Looking back at like the historical announcements and in september 2023
They literally wrote in the announcement of their raise. They wrote
Um, I i'm gonna do the thing where I just say what I think they wrote but without actually checking
They wrote something like our investors invested in in like 20 million or something
And with that 20 million, we'll be granting them like a one-to-one utility token or something
So like people have known
Well, I read that to mean that there's going to be a token, right?
And I know when I had a few discussions with people that other people thought like well that means there's going to be a token
at that point in time, which was
Three four months ago. The floor price was point six
Like I didn't act on it straight away because obviously no one acts on it straight away
You just like sit on your hands and don't do anything for a while
But then after it like started moving up aggressively went past one and then we kind of got really annoyed
but when you look around the market and you look at something like
Captains which had already gone to like four or five east and we know when they announced meme that ran as high as ten
You're thinking of like who's animoca and what their token could do is like well
That's gonna be big like that was gonna be big and even when it was one two
So I think I maybe my final buy was at like two point three or something
Because I thought okay. Well probably gonna go at least a five ish
hopefully higher I would I would estimate but
Um, it's just interesting that half of the time kind of like you mentioned in your intro
Like this this news was out there. It was like it was written
They said it a couple of times in the two times that they raised
And it's been rumored for a while too, but they literally said it in the official announcements
But sometimes people just don't pull the trigger
Or I mean they either haven't read it or they just haven't
Pulled the trigger and they waited until you know yesterday would be this proper formal big announcement
To really pump the price to make it go over five
But I mean I think that's that's why it's been going up all this time because every now and again
There's like 10 more people who realize 10 more people who realize and they just keep pushing the price up another east
Okay. Um, thanks for the the alpha and
Giving me early info on I should be buying mocha verse b check. I appreciate that as always. All right. Here's here's my thing
Here's where it feels like we're at with nfts
It feels like if you're a a an etherous, johanna project you have two options to make number go up just to be honest
That's all that's the goal here is how do we make the number go up? That's the goal
I feel like you have two options right now. Neither of which I necessarily love option. Number one is launch a bitcoin ordinals collection
Right. We've seen a couple of these shadow hats oni force is doing it like
Number one's launch the bitcoin ordinals collection. Number two is drop a a drc 20 drop a token drop a coin
Number three number four. I don't even know
If they exist like I feel like the only news
We've seen in the last couple weeks that our pumping collections is number one or number two. I know pudgy like
Didn't explicitly say token but the sort of the consensus from what I was reading on twitter is like yeah, obviously
Uh, we're seeing with mocha verse same thing token
Entre monkey same thing token or you're bridging the bitcoin ordinals
I think this is where we're at
Like are these the only two options as the nft found are these your only two options to make the number go up is either
Ordinals collection drop a token or just like simply be bitcoin puppets. Like are those our options?
The ordinals collection I actually don't think is a legitimate
One for I know people are going to try. I grew these people will try. I think the
Forgotten runes thing was very unique to them
Where they'd position themselves quite early to get those particular low inscriptions
That's why it kind of made sense for them. Maybe other people will try. I don't actually think that's a legitimate route
But yeah, I think clearly for tokens that have existed for a while
Speed running towards a token when people are also expecting a bull market is the way it's uh, it's gonna go
Why aren't ordinal collections look like a legitimate way what's the
You elaborate a little bit
Well, he said you said you didn't think ordinal collections are a legitimate way to
Uh, make money or whatever. No, I meant for eath collections to try to migrate over or to just say right
We're going to drop like a hundred on bitcoin just for the sake of it without any specific reason ordinals like native ordinals collections
Super bullish on those. I think that's already established
Uh, I think that will be like a really really cool thing to see play out and I think
There's there's a few already existing that are going to do really well and a couple more
Uh coming that definitely go my own
Not to hey not to like weave in another topic here, but i'm like i'm i'm kind of dying right now
This quote tweeted this base said thread guys giving away one eth to every person that joins the space
And then there's this tweet from like four hours ago
Quote tweeting the algorand foundation 15 hours ago. They said stacy's yadda has accounts been compromised
Do not click any links. Yadda. Yadda. Yadda. They quote read it four hours ago and said damn
How long is this process? I took a nap and i'm still here
I mean btech if you're an algorand whale right now when you're watching this unfold
Are you selling like what are you doing? Are you selling like I know there's algorithm efforts in this space
You're joining founder twit like talk to me btech. Are you telling like what do you do?
What is the play here if italic was hacked for 24 hours hacker put on the mug
Glasses made fun of every single holder in the ecosystem. They still can't get the twitter back
Well, they must not have 2fa because you know gary was shilling algorand to his uh, what do you call college kids?
So they probably set up their twitter with gary's advice. Gary was chilling algorand to college kids
I mean btech, what are you doing in the situation? You're an algorand whale. You got big bags
Get a couple of the long boys. What are you doing right now? Like seriously
People get hacked all the time, right? Vitalik got hacked as well. You gotta hope that your big whales
Uh can withstand a hack we we've got to withstand hacks in general in this space. I think uh
Who knows it's good. It's good attention for them, right?
I guess um, I made a tweet and I was like the state of algorand right now somebody tweeted
They were like guys guys guys like let's let's not forget
Um, pay money and zach xpt
Xpt both tweet about algorand today. Like it's a great day. Like we need to bring the hacker around more
I don't know if you got a long boy
If you are fucking an algorand holder right now, what are you doing? How are you taking like, what are you doing seriously?
This is a master class and shitposting man
Like the fault they account is growing in followers
Like he's this hacker is doing this individual a favor by growing their platform, right? Like the justin son
Playboy cardi like what I I literally am laughing out loud. Like what is going on right now?
So from a pure entertainment value, absolutely crushing it, man
Obviously, I hope the account is returned to its uh, original holder. But again a few thousand followers, you know, bigger
That's pretty awesome, right? Everybody wins. Yeah, there we go
Honestly, I would love to shoot it with some algorithm efforts
So if you if you have that I'll go with your name come back up. Uh, but back to the original topic like, okay
I hear what you're saying on the ordinals dropping the ordinals collection like will it pump prices?
Maybe maybe not I tend to feel like if you have a like
0.3 plus floor price on ethan you drop an ordinals collection for significantly higher than your like it's gonna sell out
I like I I think uh, the the shadow hatch the ruin showed that
I don't necessarily think it's gonna pump your existing
Existing holders bags like per se like will it pump the eth collection?
Not necessarily unless it's you know, one-to-one allocation
But I think it's like pretty clear to me that if you drop a small ordinals collection and you like even just exist
On ether just like exist on salana. You're gonna make a lot of fucking money
Um, the token thing is a little bit like scarier to me
I'm not i'm i'm not entirely sure what like how to think about it, but it sort of feels like we
Start speed diving down that route where it's like
That is the way to pump your nft
Prices and like yes, there are other ways
But it's sort of a thing where it's like all right
If mocha verse and these other collections are like announcing tokens, but whoever
And their collections are like absolutely flying
It's like yes, you could do other things to make the number go up
But at the same time your holders are looking around these other ecosystems and they're like bro someone someone announced a token
They're up 300 like why the fuck haven't we announced a token? Why have we announced a token?
I like see it's been playing out now, honestly
And I even see myself like in my my buying psychology like if i'm not
If it isn't like a flip like a quick flip something i'm just buying for the memes or whatever it is
And i'm trying to like hold something for a couple months a longer term play a swing
I'm looking at it like bro. Have they already dropped the token? Yes
I'm probably not gonna buy this if the answer is no that's like all right bet. What is the time horizon? What is the
Like the roadmap per se look like on that
And I feel like that is like a huge sell for me right now
Because like why wouldn't it be look at look what happened mocha verse look at these collections
Like why would it not be to sell?
But the thing that worries me is like all right
Nfp holders make a lot of money. They get the airdrop. They make a lot of money on on the airdrop as well
Like remember the apricorn was a huge liquidity pro when apricorn saved my fucking ass
I don't remember the exact date apricorn came out but taxes were due like in a month or two after that
They were bro taxes were fucking due. I need I was gonna start selling nfts here
Like the mutant was probably gonna have to go but boom apricorn just like spawns twenty thousand dollars for holding a mutant boom taxes
We're good. Thank you. Like it's sort of a crazy liquidity event
It's almost even if you make a lot of money once it happens
You sort of immediately go to what's next and then that is where it gets a little scary because what's next after you've done that
Is is like a big question mark. I mean beat check. Let me ask you this it's like all right
Is launching a token in a way this sort of like
Instant gratification where it makes you the founder gets gets caked up holders make a lot of fucking money floor price probably goes up
But it isn't necessarily like a long term
Sustainability fixed because I don't really feel like anyone has proven an ability to like sustain
These token ecosystems. Like what do you think about what happens after you drop a token?
Yeah, I definitely agree with that assessment. It's really really hard
To create money like think about it the world governments of like national currencies with huge economies
Still fail over and over again with their real life currencies. Like it's hard
To create money that is valuable and that people want and that will circulate and that will
Like keep an economy thriving is like probably one of the hardest things
That could ever ever exist and yes 99 percent of
Will fail in creating money because it's one of the hardest things that's possible
Um, you can play all kinds of games and lock up as much as you like at the beginning to give the illusion
that a lot of the velocity
And trading is good and the price might go up because if you only put
Five percent or ten percent of your supply out there at the beginning. Yeah, you can create an illusion for a while
That yeah, the price is going up
But actually that doesn't represent the real demand in the market, right?
Because if all of your tokens were out there, they would not be the same buying
Well, the buying pressure would be the same. It's just there would be way more sellers
so it's a very very complex problem and
I think I think that there will be people who
Solve it in the same way that in the real world
There's real money that has become valuable and some money that's completely worthless and I think the same will happen for tokens
I mean, it's obviously a good take and it's like all right we put
I think it's like a double-edged sword as we put like extreme pressure on these like ecosystems and like launch tokens
To be successful long term and when they're not
We fucking whip out the pitchforks in in the mob the angry mob comes for them
But it's more like the reality situation is like nobody's been able to do it
And he said there's like a whole ass country governments that can't like world governments that cannot do it
And fail over and over and over again
So like why is like like 17 year old joe in mom's basement supposed to be able to do this?
Here's the thing the part about that kind of sucks is like all right
I don't have a token. I don't have a collection. I don't have a I mean the thread is hijacked which I didn't launch it though
I don't have a collection. I don't have a token
It's definitely something I fucking thought about like, of course
I spent like countless hours thinking about what that would look like how I could do it how what would I do differently in this spot?
and like sort of the shitty part
deterred from doing it like you you sort of look at how
The reactions and how things play out and you I don't know like I almost in my brain have like associated token with that
As far as like me launching like no, no, no, no, no, no, no token. No token. What are you crazy?
No token. No token, and I know if I feel that way
I can't be the only person that feels that way in ct and it's kind of shitty because it in a sense
Turns you away from launching a token
Which is like one person that could potentially be closer to like crap like quote unquote like cracking it
For a lack of a better term like you're sort of like not
super like financially very incentivized
socially like super discouraged and it's kind of like leads to an interesting like
I don't know like like beach that do you think that there's there's like a problem there where like
Participants and and ecosystem players that could make real splashes launching nft launching a token
Whatever it is are like discouraged from doing it because of the long-term repercussions
I'm not sure man. I think it might even be the opposite potentially like I think
For this for the number of people who put out tokens. I think there are not people
Putting their hat in the ring to be like, no, I want to put this thing out there
Into the world because yeah, I agree there is a trepidation because
You put this thing out there and it's pandora's box. I want you to open it. You can't take it back, right?
You can't take it back and that trepidation comes from it's your closest supporters friends family
Supporters who are going to buy it and then if you wreck it you wreck them and so
I think that's where the trepidation comes from but I don't think there's a shortage of people. I think if anything there's too many people
uh, but it's all part of the process of learning and
someone will crack it eventually but
But going back to one of your previous points about why we're on this path for tokenization
It's not just like the retail aspect of us buyers
I was talking to sam about this on the morning show nft stats this morning
And we were talking about it from the perspective of investors
Like say you're an investor in ugo you're an investor in any of these
And you know once upon a time when you invested in a company you take equity and then your path to liquidity
If they sell a portion of the company and it's worth more in the future
Or they get a complete takeover at some point in time. This is like years and years down the line
Now you're in a scenario where you're like and you know, I don't know how much you've been doing this
But I think we've talked about it a bit
We're like reviewing these angel rounds and kol rounds and just trying to assess what these deals are like
You can you can be investing into something with a tge in like four months
And you're going to get like 10 a tge and you're going to invest in 12 months for some of them
So it's just an insane path to liquidity. That's really really never existed before and actually
Like investors the big investors will start looking at it and saying
I'm only going to invest if there's a token like why would I go back to that world where there's equity and i've got to wait
Like seven years before I see any money
Give me a token and then i'll invest sooner
But that's exactly what i'm about to say is that as i'm like looking at some of these opportunities
It's quite literally. Is there a token if the answer is no, it's like why and why did I wait?
Why did I waste my time on this call?
There's like quite literally like why like a double why I feel that way about nfp collections now though, like seriously
Like there's a few exceptions
Bitcoin puppets I was not buying because of like
Uh, hope of a token. I just wasn't like I was like be honest
I wasn't but any of these like legacy collections on like I would even look at like a doodles and be like, all right like
It hasn't dropped. You know, like it hasn't like
Quite literally looking at the ones that have dropped tokens versus the one that haven't and the ones that haven't if they're in a position too
It's like it's like objectively a better play
Because it's like you're gonna make more money most likely
On the token liquidity event than you would on the nft price appreciation
Like you you literally would yeah like look at mocha verse. It's like yeah, like fuck
You made way more on the the pump into a token
Probably the actual liquidity event than you would on just like organic ecosystem growth from from mocha verse
So that's that look the last thing I want to talk to you about b check
I want to my puppets for a second
Then I want to go through these hands get into it the title of the space is puppets ruin bitcoin
I mean b check we've been talking about for three weeks. Do you have any of these motherfuckers?
I'm sad. I don't have them. They're they're fun, man. They're fun. I'm happy for the puppets
I want to ask you then from like outside as a non-holder
Why do you why do you think these puppets are pumping? Like genuinely and there was an air drop every day
Why are these things pumping?
Because you're talking about it every day
Oh god, that's a that's a one answer. I did not want
No, I think you're a kol thread guy. I just learned that that's even a word word. It's like the worst word in the space
Yeah, but no they're really fun now and that these things exist have existed in these
On like on eth collections and every now and again you get one of those pumps
I don't know that there's an alternative on bitcoin right now for people to
Nft experience, right? And I don't know why i'm talking about it as if it's some huge experience. You're literally just buying a puppet
And like talking about it and laughing. It's spiritual awakening
Whoa, I gotta say it is definitely an experienced beat check
How what what experience is it so you get added to a group chat
And then you just where you what you get added to a group chat and then you just you just start popping
Like you get you're gonna get you're gonna get puppets not only
Uh on the pumpkins become a verb. Yeah, absolutely you pop
Uh, okay. Here's here's my actual thought. I think it's like a
There's like a space-wide like mindset shift a little bit
realistically, the only thing that's really pumped in the last like
Like if we go back to like pepe binance arc to like now
A ton of the fucking liquidity definitely the social capital definitely the social capital
Has just been like straight up gambling degeneracy memes
Like that is it like my whole timeline every influencer every honestly fuck it that word influencer every account
That has like 10k plus followers has probably tweeted a ticker with a market capital lower than their following account
Over the last six months people who I never thought who I thought were sophisticated right curve
Like like sophisticated investors are tweeting like 100k market cap coins
Like every person checks deck screen in the morning before they check their email
Like it I feel like the last I feel like there has been a like fundamental shift
In the last six months. I don't think friend tech played a part in it actually and people just like completely stopped trying to hide
The fact that they're gambling addicts and just want shit coins
It just want meme coins and have just like the just like shot like snap the fucking pinata in half
Like bash that mf are open. It really feels that way
I mean we even like the even the vegas win pevet and ansem like it's just like it's we've gone down that path
I think harder than we ever have
And it feels like the pepe binance runs. What about steroids?
Every basically every account I look at like every like kol it's more makes me sick
But every like quote unquote kol
I look at like I associate with a specific ticker and that ticker is not like prime or like
I don't know algorand or like some cardano. It's like a shit coin. It's like a straight up meme coin
It's like where it feels like we've gone and I don't like i'm not saying it's inherently good or bad
I'm just saying like that. It's it is what it is
Like it just simply is and that's where where we've been I feel like for months
But it hasn't really like played out on the nft side as much nft aren't as much
Part of the reason I think nft's are in a weird place actually is because they haven't like dove down this rabbit hole
Where it's like shit the psychology and the the like the buyer psychology has shown us especially the social layer people
Want to cut the fucking layers like cut everything in the middle and like give us things to gamble on give us meme coins
That we can post we can pump we can gamble on everything in the middle or the right. We don't really care about
And shit coins like have that nailed right? I mean, it's literally a shit coin. That's what you can do
It goes up it goes down you gamble on it. That's it
Nft's I feel like are lagging in the sense that they're they're sort of stuck in the middle, bro
Because then like all right shit coins have figured it out meme coins have figured it out
There wasn't much to figure out where nft's I feel like are still like stuck in this
Like endless loop where it's like utility like we're trying to deliver we're trying to build utility art upgrades
And it's towards like leaves
Was that really worth coming off me to say it it's sort of like keeps them stuck in the middle
And I feel like nft's have been stuck in the mid curve
Trying to deliver on utility and these things that people
Quite frankly, like here's the reality situation. I made this tweet the other day and everyone's like, oh shut the hell up
The right guy. I was like when you peel back every layer
Nobody actually cares about utility. We just want free money and then every comment's like no, no, that's not true
Well, fuck you look at mocha verse look at mocha verse and look at how it responded
That's what people want. They want a fucking token. They want free money. If you disagree you're wrong
I don't know what else to say. You are quite literally wrong. Yes, there are some
There's some exceptions. There's some anomalies. I know punks don't have utility like there are some exceptions. Don't get me wrong
but the point i'm trying to make is
People just want to fucking gamble especially when numbers going up. That's where we're at right now
That's why shit coins. I think are having so much success on the social layer
I'm talking about the social layer because it was not that long ago. It was taboo to talk about shit coins
Seriously, if you talk about shit coins, you're like a shit coin influencer
You're like the only people that would like openly pump is like wizard of Soho
There's like one of this is like not a lot of people if you weren't willing to be that
Who openly will tweet like oh zach's gonna write a thread on me, etc
Like if you're not willing to do that, you were not tweeting about shit coins somewhere in there
There was like a fundamental shift psychology shift
I think it was a pepe binance where people just like stopped faking it and just like ripped the band-aid off
And I don't feel like nfts have like caught up to it yet. I don't feel like nfts have caught up to it yet
Still stuck in this like utility
Like we're building we're doing this we're doing that
I feel like with the shit coins if someone's building for my meme, it's bearish
Like why why are you doing merch for a shit coin? Like it's what are you talking about?
What do you mean? You're like, what do you mean? There's a there's you holder utility like no
No, you're not like no, we don't want this shit coin event, brother
We want to sit in the basement fucking chain chain smoke blunts and just like spam by right
Whereas the nfts i'm saying the same thing over and over but it's real are still stuck in this
Oh, we're gonna bridge here. We're gonna build this we're gonna do that
And I feel like unless you're in the small percentage of like gaming projects that are building games
Um, because that is like actual like quote unquote utility
This is like building games or building like real infrastructure
Like I think mad lads are building like a real infrastructure
Everybody else I would call that like right you're far on the right. Everybody else is somewhere in the middle
And then a collection like bitcoin puppets comes out
Only right like this collection in my opinion does not fly on eat. It does not cook on eat
It probably gets lost in the sauce on salana
But because it's on bitcoin ordinals, which is the most mid-curve
Like let's make it complicated just for the sense of making it complicated
Like let's get technical just to get technical for no other apparent reason
Because it's on ordinals and there's this combination of like there's nothing to buy
And then everybody likes larping as this like biga brain technical white paper reading like like dream about white paper
Papers mf'er. There's nothing like bitcoin puppets, right? So everyone
I feel like a lot of people on on ordinals are like
Keeping up this app is this like technical guru when most people just want to fucking strip the layers back and gamble puppets come out
Again, I genuinely do not think they fly on eat. I do not think they fly in salana
But because it was on yeah, what do you mean is a mute button motherfucker? Tell the mute button what you mean
Because you're just talking you're not saying anything
How is he talking because it's on ordinals?
I'm telling you exactly what i'm saying
I'll throw it right to you after because it was on ordinals
And there's nothing like it and I feel like the people were so deprived of just like a being left curved
They come out instantly find the the the their community because this is the crazy part about it
Is the people that were like early days tweeting puppets were not the ordinals like cabal at all
It was not the ordinals influencers that we always like get talked about on the stage. It wasn't
It wasn't it was like d's and the eat people and there's a lot of people like it was other people from other chains
Which was kind of fucking interesting. Well, it's a it's a mix of both right guy
So the the real you first of all the real utility here is that both the node bunks and the puppets?
Um, they are alpha groups. You gotta get a node monkey
Well, no, but these are what's happening to your point, dude
People are trying to make money on ordinals
So people know that at this point if you are looking at it that ordinals is going to be
Probably the biggest fucking win in this bull run like there's most fucking roi
In the space in ordinals coming and people get in these two collections and they turn into fucking alpha groups
Like these group chats i'm talking about it's fun, but people are also talking about, you know
How do I get access to this? How do I get access to that?
Like it's it's what happened with punks. It's what happened with apes
Like i'm not saying it's the same exact thing, but
There's corollary like there are actual punks and apes in these chats like
Asking like how do I get into this? How do I do this? Like it's the formation of basically
Kind of the new the new winners in the in the ecosystem. So
Here's the last thing i'll say to throw to be taken we have to go to some hands on this
Even the most hyped ordinals project like even what oody's doing. I love what he's doing
He's like changed fucking the face of bitcoin
Even what oody's doing it's like damn you have to like jump through a lot of hoops
To get it like involved you do you got to jump through hoops
You got to get in the shower. You got to go find a missing cat
You gotta like do a lot of shit
You can't just like be like go back to like the fucking
Year year one and just like mash like oh cute button push button
You can't like push button and and I feel like that is I don't know
I want to really what I did to get the cat
I pushed the button. I pushed the button for a raffle. No, no, you had to like go do the poster and
You know the raffle and i'm not the whitelist
No, the wanted poster and you got missing and the phone number and then you got to put an air tag in the cat
And you gotta find the cat you got to pull the air tag back
It's like really really complicated. So definitely don't try to get the whitelist if you if you haven't yet
It's like not worth your time. I
Definitely advise do not spend your attention going for oody's projects. I'll do that
But let me ask you this because I don't know like I got a few comments
The monologue might have made zero sense. It made sense in my head. Do you feel like
One there's been just like a social layer shift with
How taboo shit coins are and tweeting about mean coins are and then secondly
Do you think nfts are like lagging behind?
Stuck in this like a mid-curve death spiral where they're trying to build shit that nobody wants
Interesting, I don't know. I never thought of I hadn't really thought of it
But you're probably right in the sense that it's it's never been I don't think
There was probably like smaller groups of people who are more happy to show
Like certain tickers at certain times, but I have seen more
People doing it or at least doing it in a smart way
I think the way this they're kind of the sophisticated way to show your tickers is be like here are the
Six things i've got my eye on you know
Here are the six things I've got my eye on here's my thesis for them
If you say you've got a thesis for it that kind of justifies presenting it in whatever way
You like yeah, it sounds like someone. I know that does a daily snapshot with some similar terminology
No, thecy no theses in there. No theses just uh, just a snapshot. Um
But yeah, potentially potentially, uh, what was the second question I can't remember
Um, oh the second question was like oh, it's without you bad hosting throwing like five
Complex questions at you the second
Second question was like oh, do you think nfts are like lagging?
And it's mean coin run because they're sort of stuck in it's like a middle curve of like we're trying to build utility
But the utility doesn't inherently make the token number go up. So we're sort of building things that people don't want
Interesting question. I I mean, I do think
Look, I think across the board
To keep in one place at the moment because everyone's gone far way more risk on
So i'm kind of answering your question in a longer way, but like for example
Like I work with gondi and they obviously do like these loans against like high value nfts
and one of the things we've noticed is the
Interest rate has just been creeping up because there's fewer and fewer people willing to tie up like 20 grand 30 grand 40 grand 50 grand
In you know as a loan against the crypto punk
Suddenly 10 is no good anymore suddenly 12 is not high enough because all of this other market has become like
More electric like the rest of the markets come alive. And so you can make more by investing in some
Gambling on some shit coins and so like suddenly 12 is no good
So I do think for any project that's like static
And might require like more time to build or is not doing a coin
It's very hard for people to keep their capital in even if you're you'll get guaranteeing like, I don't know
Seven eight nine ten percent at the moment. You're going to need to give a higher rate
Can I add to that real quick? I just want to say quickly that um
Like if you believe that blockchain art if the blockchain is a legitimate medium for art
Then there doesn't need to be any utility for an nft project at all
And for the projects that are trying to accomplish liquidity
They're essentially signaling that it's a short-term cash grab and they're failing the authenticity witness test in the long term
Because you should not be trying to add utility to something that is meant to be art
Okay. I mean look a couple thoughts on that. I'm not trying to like all right
The utility utilities like become a meme like i'm honest, you know if I can start this shit with beanie
I swear beanie started this shit talking about the next run will be utility nfts. He started this shit
It's become a meme. It is real like utility is inherently real
And I think that there will be many nfts that exist purely because of utility and you need it
There'll be many that that are just art and dolls like there's both right like both things can be true
And it makes sense in certain verticals gaming tickets like rwa's like like utility like makes sense in in many verticals
I guess it's like the one the one thing that's funny to me and i'm gonna throw it to double unfortunately
The one thing that's funny to me is I remember like not that long ago 12 months ago max eight months ago
bottom bear market vibes just like being on space is arguing and people trying to like genuinely push for the
Thought that like the next run the next run when it comes will
Only things are gonna pump on utility like only collections are gonna pump with like real use cases and real utility and real substance
Edit is like objectively not the case and there will be some things that do pump with real use cases
And there will be things that pump with utility and it will matter for certain things, but it's like objectively not true
And I mean like we could answer the question of like why are people in crypto?
Who was I talking? I was talking to someone in the day. I don't remember the exact context, but they told me they interviewed at this like
Super high level technical like like deep deep deep crypto like trading firm, whatever
And one of the first questions the guy asked him is like yo, why like why do people enter crypto?
And he had this, you know, you know first interview you like it kind of feels like a trap question
Right. So you answer and you're like well decentralization immutable public ledger and yada yada
There's a lot of people that probably do join
Not probably there's a lot of people that do join for those reasons and those are the reason that makes crypto crypto
It's why it's so important. However, what are the vast majority of people joining for is not for decentralization, bro. It's for free
It's for money. It's to make money like it is it is like objectively is to make money
Let's just like be real about it. It's like not like it's like be real
I would imagine the largest group like the highest percentage is here for money like straight up and
I'm here for the art that is real like that is a real piece of people that
Absolutely the case the R is extremely important here for the decentralization that is real. That's a real thing
We're a real like absolutely it's important
But the reality is the majority the largest group is here for fucking free money
And I feel like when we look at it like that like meme coins make sense shit coins makes sense
Some some shit like bitcoin puppets who you would like show it to your parents and be like yo
I paid an e for this they would you know, fucking like spit their drink out in your face or what you did what?
But when you like really take a layer back, it's a shit coin with picture, right?
Like honestly kobe had the thesis nail shit coins with pictures. That's the nft thesis
I mean i'm not saying it hits everything but like it's pretty fucking close
This is also the same guy that shouted out sappy seals has never shouted out on the nft collection
So it probably says it says something it says something i'm just saying
Um, so I don't even know where i'm going with the take but all i'm saying is just like it's funny to me
And it was not that long ago where we're on space
It's just like screaming about the next run will like will be utility backed nfts
The next run will be real substance
It's just like not the case and you see some shit and i'll even say this
I'll even say this not only is it not the case
But you see something like puppets and you're in and puppets run and it's just like full left curve and it almost feels like
Safe and familiar like I get this like yeah, there's big words. There's scary words utility real world assets
I get this like I understand this and that's why I think it was the collection
That brought so many people over it's because like oh like stupid degenerate like fiber art looking meme
Like I get this and it's like oh bad
By the way, I actually love the art. It's actually if you look at it, it's really complex besides the point
What i'm trying to say though, is it familiar people get like there's a region that this caught on and so many other collections
There's a reason that this has done what is done socially. We haven't talked about crypto and debts in five days
I'm just saying i'm just saying i'm just saying okay
So look, I want to go to some hands. I was gonna throw it to double a but lob jumped up and found a privilege
What's up, yeah, I feel like we always have this discussion like every single like every few months when the market pumps and dumps
Right, like uh, you know, what is utility? What are nfts and and all that and I think
The the very interesting thing about just like things that are based on crypto built on crypto is that everything reduces to price
And you have you know some sort of function that like maps
Whatever it goes in into like a number on the screen and and when you talk
About utility and stuff and everyone's like, oh this this project gave me free tokens and then
You know those tokens I could sell
All right, nevermind, okay move to the next house
All right. I'll throw it right back to you. I'll go double come back to you because actually I um, I actually am curious in your tape
Here's the thing. I was like, I'm just gonna fuck I'll just fucking I'll just suck the air out of this room
I'll do any type of monologue. I could go for three hours before I call on double
I could just suck the I mean I could talk myself out of a brick of wall before I call in that hand
Here's here's one other thing i'll say too because this is interesting on the utility. I was writing. Um
I was writing yesterday writing some
Exploring a little side project having some fun with some shit trying to write down some takes and some some theses whatever
And I was writing this thing and it was like yo
Giving their existing token holders new tokens. It's quite literally a death spiral like think about this think about this
So you're you're a founder you meant the 10k collection. You have 10k holders at one to one whatever, right?
You have a 1e4 price for like some simple math
Everybody's out in the east
Any new collection you do so like bet you take like the og like the og playbook yuga wrote it
It's fucking new and true. We still use it every day. You drop mutants, right? You drop a 20k
Whatever it is some some elemental whatever you drop a second collection to your existing holders
It's a liquidity event right for the vast majority of people they're gonna sell
Their token that you just gave them for liquidity so they can hold the first one
Right. I feel like that's what you would want is you you sort of like want liquidity events
You can hold the first token so you give out like 20 000 new tokens and it's just like straight sell pressure
You have this existing token you get a new one you sell it instantly
More than likely the way it plays out the sale price of the second token
After you do like the little subtraction your overall value of your bag has like gone down because the first one is dropped, right?
Like the og the genesis has dropped because the second the second collection came out. It was the utility whatever whatever liquidity event
spiral everybody sells and then it's like all right the only way to like bring the value back
And and give your holders new money. It's to give them a new token
So you drop a third collection and it's like 40k this time 30 30k 40k, whatever same thing happens liquidity event
Except this time it's just like it's more pvp because the people that hold the second collection
That's now a lower floor price. They get the third and so do the first also get the third both parties sell
More look like more sell pressure drops a little bit lower spirals a little bit more and it's like that
How do we get people back up? How do we get people's heads back above water?
We gotta drop a fourth. We have to drop a fourth collection, right?
And then you drop a fourth collection so on and so forth same thing sort of happens
That's why the pudgy model with what just happened with dimension. I think it's a game changer because instead of like
team give uh team launches token team has holders team sells existing holders new tokens
The other model is like team sells tokens team has holders team leverages holders
To get their holders new tokens from different teams rather than the same team
And that to me is a fucking game changer
It's one of the reasons the utility like scares me a little bit because it's like yes
We want second third collection. Like of course we do liquidity event. We sell like of course you want it
But like long term, it's sort of this like a mass dilution
I don't really know where i'm going with it
But like i've been thinking about that a lot the other day and it's it's sort of a spiral like it's low-key a death spiral
because the tokens the the the the growth and the like inflation
Of the ecosystem tokens like outweigh the the financial side of it that can stay caught up because it's like liquidity event
You sell cool. You got to give new tokens new liquidity event you sell got to give new tokens new liquidity
It's sort of like a death spiral as i've been thinking about it the pudgy dimension
That is the model like that right there is the fucking model
I have some thoughts on how we can potentially incorporate that but that is point literally the model
It has to be it has to be it has to be it's the same what reason
The same reason listening to urn is like a death spiral because think about this
Listening to urn it's like all right, but um, I like thread guy drops a token
You get paid listen to urn with the thread guy token, right? So you listen you earn the token
You got to imagine that's the liquidity event. That's cell pressure, right?
Most people that are getting the token are selling it because that's really all you can do
So then you sell it you listen more to get more tokens
I'm giving out more tokens more people sell more people. Listen, you give out more tokens more people sell
It's like it's literally a death spiral. It doesn't like it kind of doesn't work. It's a ponzi thread
Like it think if you actually think about it
It does it quite literally does not work because the more people listen
The bigger your space grows the more tokens you have to give out the more cell pressure
There is like it's sort of like nobody wins and then you're stuck in this like it's a death spiral
It's the same thing is like in my opinion adding new tokens to ecosystem. It's a dust. It doesn't really work
Listen to urn does not work in its current state
It's like straight up does not work a lot of people
A lot of people have failed click. I swear to god a lot of people have failed
Um, I do want to do this. I do want to do this. Sorry, i'm rambling. I want to throw it to wav
We gotta go to illa we gotta go to k money
I'm, so sorry. Just I I can't text you because you're on a space
Can you just bring two outfit changes one for day and one for night? Thank you. See you at two. Okay
Um, thanks. Kevin. Also, thank you money. You missed
I was on fire. I was on fire. I was on fire
Um, I want to do this before we lose it before we lose it before we lose it
I gotta throw it to wav. We'll go to illa. We're gonna double we'll go to these hands wav. You're back. What's up, baby?
Um, if if I start ragging then just start yelling at me and i'll just stop
I think the main problem that we're seeing with these sort of
Liquidity events that you're talking about is that the dilution is being forced by a team and I think
When you're thinking about decentralization and you're thinking about communities and how they grow out and scale into their own thing
So it's like the accepting of derivative ecosystems and like having people create their own things because they're creating the demand the excess demand that creates a liquidity event
For our holders that we're not necessarily forcing and the market ultimately decides whether or not this thing should exist or not
The main difference and I understand the whole perspective
Dilution is bad, you know, you drop another collection another collection and and you know
If you think about erc20, could you imagine if the token just started inflating the supply be ridiculous, right?
If they just randomly start spawning that new supply in
The main difference is that like with crypto we do and with nfts
We have this phenomenon where social identity is very very important, right?
And that social identity has a price and it adds its value accretive towards different ecosystems because people more people rock in the pfp
More people fuck with it, you know, and people want to have that ownership stake in said ecosystem now
They can do that by like buying. I don't know a fractionalized token
So let's say you want to be like a seal but you penguin or a d-god and you buy a fractionalized token
That's fine. You have you know, you're hedged
With that ecosystem, but you don't necessarily have you don't feel like you're part of the community
And I think if you allow the community to kind of grow itself
You get that extra liquidity piling in with slight dilution
But the exit there's excess demand that's outweighing the dilution that's occurring because the market is deciding but that's kind of my perspective
Yeah, I think it's a good one. The market decides ultimately I think it's a good take also
Shut out the uh, shut the long boys blob out here working overtime for the bags fucking love to see that
I mean illa your hands shot up. It's only right. We go to you before we throw it to double
I mean what's going on illa you're listening to me monologue left right and fourth here. I mean, what are your thoughts?
I thought you had some some good points, but um
In your in your multiple monologues
I just think like let's be real
You can't take somebody else's playbook and then
Expect your shit to pop off like you can't be drake
I want to be drake or I want to be yay or I want to be travis scott and think you're gonna sell platinum
So if every single person or 99 of projects
Followed the yuga labs playbook
Like how the fuck do you think you're gonna be another yuga like you're playing yourself and that's the problem with this space
99 of projects literally just follow the yuga playbook
bar for bar line for line
As many people that are supposed to be these giga brains and all this shit
Like where's the innovation past? What what?
Four guys in a garage in miami did like I don't see much of it
You know i'm saying that's why there's only a handful of projects
That actually are even worth mentioning out of hundreds or tens of thousands of fucking projects they launch. It's fucking bullshit
It's a bunch of bullshit is a bunch of people who just fucking went who went to business school and went to this and went to
That and they're pretty smart
But when it comes to this space you're just talking in fucking circles
Like i'm not the smartest fucking person in this space
But I did go to business school and I am very accomplished in my career and I can sit from the sidelines and I see
Bullshit a mile away and 99 percent of this space is just bullshit. So if you if people talk about oh
Oh, let's see the the bitcoin puppets are there. It's easier just to have no utilities by crypto punks
Anything with crypto punks because the reason people jump to crypto punks in the bear market is because they look at crypto punks
Like they look at bitcoin
They're like, okay. There's no utilities. No nothing, but guess what there's provenance
There's a bunch of people who don't care about listing or selling it because they hold a crypto punk because of the value
so there's no ups and downs and no like blur farming and none of that shit because
Not like most people aren't even listing them
They just want to hold them because they think that it's just valuable and that
And that's why the fucking is basic supply and demand the price stays the same or goes up because no one's listing them
Now everybody else and most of these projects they made a ton of money. They just sat out in the bear market
They sat out and you know
And I will i'm gonna watch we're all gonna watch when the bull market for crypto for nfts comes back around
You're gonna see all these people jump back in because there's gonna be somebody else that comes in here
Who doesn't know about anything about this space?
But they're super creative and they look at and they come in with a brand new batch of ideas
And then a bunch of people are just gonna bite whatever the hell they do
And that's to me. That's just corny. Like if this is a creative space
Where where's the rest of the creators?
Like as many people that hate on what yuga does is like yo, they wrote the fucking playbook unless you're uh
Somebody who like who's like luca who came in was like, oh dope
I see what they did but damn if i'm gonna be a family brand i'm gonna put my shit in walmart
And i'm gonna take my holders and and have take their ip and put their ip
A group by group by group in the walmart and and make sure that they benefit off of that
Or even what azuki's doing i'm gonna take a couple of the holders and put their ip into an animate
So they benefit off of that. These are refreshing ideas
But how many people made tens of millions thread and just sit there and just are waiting for the next person to come in here
With the fucking fire idea so they can bite off for that shit
That's the corniest shit about this space and i'm tired of people not calling it out for what it is
All these theses and theories
Let's just call it for what it is a bunch of lazy motherfuckers who's smart in in various ways
But they're just a bunch of fucking used car salesmen
You can say all that smart shit all you want
But unless you're doing something that's truly innovative then you're just literally copying off somebody else's playbook
So until that shit changes you're gonna see the same lazy bullshit bunch of people phoning it in
Yeah, i think the base take also this space heavily rewards used car salesmen
Oh for a fact, bro. It's the used cars call nfts. Just
I mean honestly if you can sell used cars you could be a founder and web3 like for sure also ucs
That's the new shit used car salesmen. That's the new shit. Fuck nfts
They could even sell, you know, 20 year old cars like a generally used on the civic and
Hey, bro, bro, not a profit ucs. You just the ucs for real
Um, also the punk take I agree with like if you
Like all right. I'm down to talk about
No utility nfts, but you can't call them punks because that's just crazy. It doesn't it's almost like we can
You can't even just like compare comparing things to punks. It's just like nah, bro. Stop. Stop it
Don't it's not even worth it. It doesn't make sense
Um double I do want to throw it to you. I'm curious. What are your thoughts?
On the take that an ecosystem launching a second collection to their existing holders is quite literally diluting their bags
I mean we've seen that play out. That's a pretty specific question
But I mean you said a lot I should have tons of threat coins from listening to
Monologue, but but you don't want them. They'd be worthless. They'd be worth it. I still want them. I want them
You know, give me all the threat coins you got
uh, but what I was gonna say is like the one thing I disagree with what you said is that like
Something like bitcoin puppets wouldn't work on ethereum when that's literally where that comes from right?
So one of the projects that didn't follow yuca's playbook you could say is mfers
Um, or malady's who who can't stand. Well, what do you mean? What do you mean? That's where it came from
I'm saying that's ethereum started this kind of
Project where it's like, you know counterculture
Mfers we do whatever we want, you know, you know fu the corporate whatever that kind of thing that comes from there
That's like mfers. That's like the bitcoin white paper, bro
Yeah, that's what i'm saying. But yeah, so what i'm saying is that is actually not what you were saying
What do you mean? No, but he's right. Yeah ethereum
Uh, that's why that was an accident. No i'm saying ethereum does come from bitcoin. Yes, I understand that uh, but i'm saying you can't say that like
An nft project like the puppets wouldn't work on ethereum when I think it would I think maybe not at this time
Uh, but I think they're doing great things on bitcoin, right? Which is a different chain
So you have to talk about the chains differently. They're different ecosystems
So I think when you compare something to punks on bitcoin
And I got into trouble I got in trouble with the puppets this morning because some guy named the businessman
I don't know if you know this guy. I know he basically
He basically came out and just said like the puppets are like the punks of bitcoin and I was like, no, no
No, you know if anything the node monkeys are
Like the punks are bitcoin
How did you get trolled by businessmen hold on hold on can I talk I thought you were giving a take
No, no, I thought your take was gonna be like, oh
They can't be the punks of bitcoin because nothing is the punks of bitcoin. You could never replicate
Node monkeys. What are you? No, i'm saying
ethereum project, but you can compare
Them to a new chain. Like what are the big the punks of salona?
There is no punks of because no one cares about nft's on salona. That's the problem
Yeah, which one bad lads nobody cares about mad lads
Unless the price keeps pumping if it doesn't they just they just jean it
So I mean, I mean but ordinals they have this a similar ecosystem as ethereum where people really care about this stuff
And you know, the underlying asset is so valuable that they want to hold on right?
Because just like everyone said it comes down to money. But one thing I did want to say is
The idea of utility, you know, I don't think you can call 10k
Outside of punks because that's what they actually innovated, right? They created the generative
Pfp the utility is directly a profile picture, which is why all of you have one on right now
And if you don't wear it then the other side is gonna be like, oh you're a loser
Whatever even if you hold like I got into beef with the puppets this morning. I hold puppets. I was there on mint day
I've minted well, I could admit but I bought right on secondary and I have a bunch of puppets and i'm bullish on them
The puppets are more like the boardings
Right, bro. Puppets. Yeah, they're more like omb's are omb's
Take that like one is more like punks than the other is it doesn't even when
Look at any other market you can compare things to other things, right? Just like
I can compare your page to mine, but it doesn't mean that they're close
We can compare any two things. No, yeah
Listen in any market you can compare and and like to illers point every market is the same way
When one person finds something that works in the market everyone else jumps on top of that ecom, you know games
Music everything but the idea is that you take what works and add your twist to it
The people who innovate and add to it are the ones that are going to be successful
Obviously, you can't just come out with you know, a derivative of apes create a mutant collection
Blah blah blah you and I think the problem with the space is that they haven't learned from the mistakes of yuga, right?
A lot of the stuff yuga did worked up front
But then it kind of if you watch it play it out
It didn't all you know turn out how we thought right and they're even learning from their own mistakes
So if you copy that you're gonna fail just like you know, i'm not saying they fail
But you know, they had a couple hiccups is what i'm saying. So the point is right. This is not art
Okay, there is art on bitcoin
It's not necessarily just art. These are communities
That's why if I say anything about the puppets swag toshi and his boys come out and attack me
You know meanwhile i'm in the community i'm in the discord i'm bullish on puppets, but he doesn't
Any other collection you were talking about it's the comparisons
And you still the fact that you like literally after every single thing I responded to you still don't get it
It's just like no the businessman the businessman guy made the comparison
I just jumped in and added my own two sentences saying you added another comparison
Yeah on top of his comparison that's called a debate. He says one thing and i'm like, no, I think it's this
So what's wrong with that? And what did you do? You added no value you added nothing
What I added was me laughing hysterically
I'm a puppet and you're not a puppet
I didn't say that at all. Go read read the read the comments. You said nothing. Absolutely
Okay, um, all right, sir, sir make a point make a point now listen
All right. All right. All right. All right. This is what I think. Um
I don't know what you double sometimes. I don't know here. Here's the here's the problem
I know what you're trying to say a lot of the times you're like really about it delivering it sometimes
You say it like every left right twisted possible way you say it all left right
How now here you go? It's delusional. Don't even try it. I say it directly
Um you like there's actually some right to the point. That's why you guys get triggered behind you
I don't the whole stage is muted
There is some substance to some of your takes
But you start like losing people when you're like nothing can be crypto punks
Then you're like no monkeys or crypto punks like you start to just like lose that you lose me a little bit with that shit
Um, because like you say something and then you say the exact same opposite thing
But you're so adamant in the exact same opposite thing that we're like, wait, is he never said that is he crazy?
Or am I crazy is kind of where we get to so I do appreciate the takes. I think it's just like all right
Here's here's my take I'm so much to see cause we'll go to good things it's like
There is no next crypto punks
So saying one thing is closer to punks another thing like does it make sense?
Like it just like objectively does not make sense
It's sort of like it was ever a new james brown
Hell no like michael jackson. There's no michael. It's like it's like
Or like stop doing that shit. That shit makes no sense
Bro, basically what you just said is you're like, what about michael jordan and lebron?
No, but it isn't michael jordan and lebron
Like no, yeah, but you can compare them right everyone compares them every day
I know but no, no, it's like basically this is your comparison. He's like you're like, um
Football is closer to basketball than soccer is to basketball. We're talking about the same sport
It's like what are you talking about? No, no thread. Hold on thread thread double check this out
The reason that all these debates make no fucking sense is because they're too close together
People can compare people compared
Michael and coby how far apart was that then they compared fucking coby to lebron how far apart was that?
We're talking about two years and people like oh, this is the next or two months and people be like, oh, that's the next crypto
Punks, that's how fast the space moves out of here
Those are dope like just chill out a little bit there's never
Crypto punks birth this entire shit. There'd be no space without it
So they can't if there was nothing new then they killed somebody birth something that there's that everyone makes a meta off of
There's now there's no comparing it. Just let it be what it is. Can we compare the roman empire?
I think the illitakes are based. Um
We're talking about puppets. Mf forget. We gotta go to c casa who
Fucking I love your take been following the tweets for a minute now
You got a lot of base takes you got the mf or with the hood up. Do not forget the hood c casa
What's going on mf or what is on your mind? Talk to me. Talk to me. Talk to me. What up tg? Um,
Hey, i'm happy I didn't follow my insta throw my fucking phone against the wall just now
Uh, I had a point but I now I got two quick points first one is
I love when a motherfucker tries to tell me what art is
Fucking acknowledge that art is does it make you feel something if you're trying to assign your fucking criteria beyond that
You're tripping dog and you're wrong and I don't mean it to double eight
It's not a jab at you. It's just it fucking
My blood boils when a motherfucker tries to tell me what art is, bro
If you don't think those beautiful fucking autist fucking ketamine wearing ass puppets with glue in their hands or art
You're missing it, bro. The main point I was gonna say though
The the fucking it's it people are missing the forest for the trees with this provenance shit
Okay, if you're just going off provenance, the v1 punks would be something
Okay, or it would be the rare peppies which fucking preceded all of the crypto punk shit
It's where the based motherfuckers reside
Usually the base motherfuckers reside in a place that's gonna make a lot of people piss
Off that they're making so much fucking bread where they're residing
So when something as silly as a fucking puppet makes you feel the type of way where you are
So angry that it's getting fucking put on the pedestal and worshipped as they should be as fine art
You gotta think oh, it's not maybe it's because the fucking
Well, bro, you're not gonna tell me shit. It's art. It's art, but it's not it's fine art
It i'm telling you where I am
It's performance arts fine art. Why is it? Why is it you can view it that way?
But that's not really what it is. Well, we moved him from not arts to art. It will make a progress
Yeah a drawing is art, but it's not fine. A lot a lot of people will look at my motherfucker with my my
Understated watch this motherfucker and tell me that a five-year-old can draw it and I would tell you that this is drawn by the one
And only fucking sartoshi. Okay, so you got to be able to understand that motherfuckers paradigm vary
And just because you don't fucking absorb certain things that other motherfuckers pick up on with new ones doesn't mean you get the blanket
Assigned shit as art and not art. It's just not it doesn't resonate
The puppets resonate with me my dog. So any me too me too my guy, but i'm not gonna worship him
I am i'm fucking I am at the fucking
At the feet of these but the little stub feet bro. I'm tickling their fucking feet. I'm listening
Yeah, because you're making money bro, and i'm watching and i'm watching them shit on motherfuckers, bro
That's the art is not about money. The shit that makes people feel so angry, bro
That they're doing so well
That's the beauty of this shit. You're missing the forest for the trees. We know the
Provenance is bullshit. Where do the base motherfuckers reside?
That would that should be the fucking focus but provenance is not just who gets there first
So the v1 punks doesn't count as provenance because the founders threw that away and created a new one
That's the provenance somebody stop this man. I'm right. What do you say something that makes me wrong?
Yeah, you're right. You're definitely right, dude. Let's move on with the
We're not going v1 actually v1 punks are undervalued just saying it
I'll say this see costa. It's honestly takes for base. I'm sorry
Tastes for base. Um double a i mean he's right. It's just like how are you going to tell me what?
What art is also the it's art not fine art like that doesn't even make sense
Like what does it fine even mean like what is it like?
Unless you give me like a dictionary definition of what the difference is if you go to art school
There's differences. You can learn them. Did you go to art school?
I did. Yeah, actually you did
Art school is for motherfucker. You're gonna have to go and fucking figure out. Yeah. All right. Yes art school for non-artist. I got you
Um, yeah, imagine. Imagine telling me how to go to art school though to understand art
I wonder where I wonder where mcs sure went to fucking arts. I mean, why would you go to art school?
If you're not an artist my guy
I mean we got art like middle school because you're you're
Fucking what are you talking about? What art have you made?
Absolutely nothing by art you made by art. I made plenty of art. You might
What have you made? You don't know me from you don't know what the fuck I've done, bro
You just thought what like what do you do? You just screw you in the wall
And we all agree that all is some real of some quote unquote true fine art
Artists looked at us and and all of our pfes. I think we're all redacted. Let's just agree on that
My dog, there are not motherfuckers that are the artists are fucking me. Why would an artist go to art school?
Lost the argument, bro. Let's start mocking the artist. Why would an artist go to art school, dude?
That bro sound like sound like shaggy right now
That's how you go to business school, dude
I mean like I fucking dropped out of business school. I'll tell you what?
Um, is a doctor going to doctor's school
I know the fucking puppy tour didn't go to art school and that motherfucker is
Dude just because you make fucking silly voices are that are mocking yourself, bro. I don't understand what you're talking about right now
You don't understand just playing yourself in 4k, bro. I just took a fucking picture
I'm gonna call it fine art when I hang it on the fucking wall. I just scream
Um, hey, I have to see cuz are you gonna pull up more often? I gotta talk to you more often
Uh, that was just got out. I'm not gonna lie. That was the most bullish puppet conversation
I've ever heard and I gave a
I gave a I gave a two-hour monologue as to why the future of finance and that argument was the most bullish puppet
Thesis i've ever heard in like my entirety of existence on this planet
Um wc constant. Oh, there is one more thing that I would actually like to touch on really fucking quick bad brother
I actually have a question for you
Um, are you at all interested in blockchain gaming?
Ah, I could take it you know, my biggest l was on a blockchain gaming
Project so uh, you know i'm a little salty about that. Okay, um took it out a lot of blockchain gaming I get it
Is there any uh, you know, I mean I am a first person shooter guy
So if there was something like that, maybe are there any uh, blockchain games that that intrigue you
Um, I mean but nothing that really gave me that like halo vibe that you know that I play but i'm looking for like
Maybe something that's an extraction shooter that like, you know first person maybe developed by an emmy award-winning studio
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I see some of my efforts in the request. I'm sorry. I couldn't get you up fast
It's not too late one node monkey still equals 3.9 pop
I'm rocking this shit. I'll catch you when I catch you. I'll see you when I see you. Have a great rest of your day