O.B. Cat was an off-code, originally in Bitcoin, used to concatenate, which is a fancy word
Satoshi Nakamoto said, hmm, that's cool, I don't know though. Could be used to D-D-O-S, think it's best if I remove this O.B. Cat.
They wanna bring you back to data sets on elements, put it back into the stack.
Katie Kapp, do it be so simple, it's just ten lines of code. It's a fuzzy soft fork like Taproot three years ago.
But some people think that we shouldn't change, Bitcoin should also fly. But the Taproot wizards have their quantum cap you can't apply.
O.B. Cat, they wanna bring you back to data sets on elements, put it back into the stack.
O.B. Cat, are you just with Bitcoin legs? Are the misses lifting things to bring all the innovation back?
O.B. Cat, they wanna bring you back to data sets on elements, put it back into the stack.
O.B. Cat, are you just with Bitcoin legs? Are the misses lifting things to bring all the innovation back?
O.B. Cat, they wanna bring you back to data sets on elements, put it back into the stack.
O.B. Cat, are you just with Bitcoin legs? Are the misses lifting things to bring all the innovation back?
O.B. Cat was an off-code, originally in Bitcoin, used to concatenate, which is a fancy word for join.
Is everyone joined a song?
It's cool, I don't know though, could be used to DDoS, think it's best if I remove this O.B. Cat.
They wanna bring you back to data sets on elements, put it back into the stack. O.B. Cat, are you just with Bitcoin legs? Are the misses lifting things to bring all the innovation back?
O.B. Cat, they wanna bring you back to data sets on elements, put it back into the stack.
O.B. Cat, are you just with Bitcoin legs? Are the misses lifting things to bring all the innovation back?
O.B. Cat, they wanna bring you back to data sets on elements, put it back into the stack. O.B. Cat, are you just with Bitcoin legs? Are the misses lifting things to bring all the innovation back?
O.B. Cat, are you just with Bitcoin legs?
Don't worry. Hank, there's just a lot of people who are hammering the Mint website right now so it got a little bit confused. It happens with cats.
But Hank, will keep you updated. It's a matter of minutes. It's a matter of minutes, you'll get you cat today. Don't worry.
worry. Man, people really like minting cats. I'm looking at the numbers. There's a lot
of people. Anyways, other than that, how are people feeling today?
I'm bricked up, Udi. I'm not going to lie. It's been a long time coming, and I'm so excited.
It's always exciting to see. Whenever people mint, obviously, this is going to evolve, right?
Will they be able to see what they get when they mint?
Yeah, once you successfully mint your cat, you will immediately see it. Once the transaction
is confirmed, you'll see it on the website. You're not going to get it yet to your wallet,
but you're going to see it, yes.
We'll just go ahead and knock this one out of the park because there's been a lot of speculation.
It's going to evolve a few different times or a little bit more than a few. Will it evolve
into a wizard? That's what people have been asking.
They asked me, and I've been spreading misinformation. I'm just kidding. I didn't say anything.
Yeah, well, I have no comment. Look, what I can tell you is that the cats are going
to evolve into cats, so I hope that answers your question.
You answered it in the most Udi way that I could possibly imagine, so thank you.
You're welcome. You're welcome. Look, there's a bunch of other people here. I'm seeing
Dan Hill. Aubrey, thank you guys for hopping on. How are you doing today?
Udi, I'm so fired up. I want you to know that I woke up at 6.30 a.m. in Hawaii time to mint,
and then I got the insufficient funds thing, and I had a heart attack, and I was like,
I do have enough funds in here. I just want to know, I've gone through a rollercoaster
emotions very early in the morning over here on the West Coast, but I'm very excited overall.
Yeah, we know. We know. We're on it. We're on it. Everyone's having a rollercoaster of
emotions right now. I understand. Cats do that, right? Cats do that. Cats do do that.
Cats do be like that. Satoshi Enjoyer, welcome to the stage. How are you doing today?
Jimmy, thank you. I just have one question. Can devs do something?
Can you do the whole bit?
Do the whole what? Yeah, I'm doing good. I'm excited for this minute. I can't wait to get
my cat. I want more than one cat, but unfortunately, I think at least I can get one. But the devs
need to do something, so I'm patiently waiting over here to get my cat. Please fix the steps
as soon as possible. I do believe that that is happening as we speak, and I know them kitties.
They're elusive, and everybody wants a piece of the kitty, and we're getting with it. I mean,
it's going to definitely, you're definitely going to get one. We do have far up here.
Far, how do you feel today? Are you super excited? Are you nervous? Everybody's going to see your
kitty. Is something happening today? Something might be happening today, Far.
Yeah, Far, what's going on? I woke up, and I had all these calendar invites from Udi, and
I mean, I get it. It's Monday. Exciting start of the week.
Always like to start off with a lot of energy. I'm here for it.
Play our pump up song first thing in the morning.
Yeah, I have to read all my socials, but I didn't work in it, you know?
My telegram says something. I can see a very sufficient balance allocation, something.
My telegram was saying that.
Yeah, Far, I don't know about you, but I've discovered socials that I forgot I had,
because people have found to DM me and ask for whitelist. I didn't know that I had some
of these accounts, but apparently, I do. What did you say?
Next time. I told them to take a shower, and then I deleted the app.
That's wise. That makes me bullish, just on you.
You know what, but you were asking a minute ago about, will people see their cat when they
mint it? They will. What you'll see is, and I don't want to spoil all of the surprise,
but once you mint your cat, you'll see your transaction on mempool, and then when it's
confirmed, you'll see your cat, the one that's coming home with you. If you click on it,
it'll go to order scan. You can see it there. You can grab the transaction ID,
and there's some other stuff that might be on order scan related to your cat that people have
been asking about and people have been speculating about, and it's there now.
Is it what I was speculating about?
Well, I don't know what you were speculating about.
Yes, they're all just wizards on order scan.
Yeah, that's what I was speculating.
Gotcha. No, that's misinformation. I would like the old switcheroo.
Yeah, anything that I say could be misinformation. If I start giggling afterwards,
that's like your cue that it's probably not real. Just like that. Never know. It's all an op.
This is what cue cats are about, all about the ops. Tyler, how do you feel today?
I feel great. I woke up at 5 AM out here in California. I think I actually haven't been
this excited for a day in ordinals since the day I minted my OMB red eyes, because that wasn't
really one of the first ordinals ever bought. I was like, I'm sitting this weird dude, ZK,
who I've known nothing about, like $4,000 or whatever it was. My girlfriend was like,
what are you doing with our money? I was like, don't worry about it. This will work out.
I think we're doing well. I was just reflecting back on when's the last time I woke up and had
those butterflies in my stomach about something going on in ordinals. It took me back almost
a year ago. I'm just so excited for people to see these cats, to adopt them, to take them home,
to enjoy all the hard work that's been put into them. It's only really just the beginning,
which I think is the most fun part about this. Absolutely. Let's say you get a kitty.
And you know, that one is missing a night. No, they all have eyes. Let's say that you need to
give back. I'm really trying to work with this adoption thing, but it's not really working out.
But let's say you want to trade your kitty. When will you be able to do that?
I think you confused him. Oh, I probably did.
Oh, is that directed at me, Withers? I thought that was directed at someone else.
You will be able to trade your kitty hopefully tomorrow. So our aim is to get them out to
everyone tomorrow. We're doing this mint in the safest way possible, and we want to make sure
your kitty is delivered safe, spayed or neutered, so that it doesn't accidentally create more kitties
that you weren't wanting. And then you'll be able to take it home. And if for whatever reason,
I don't know why this would happen. But if for whatever reason, you don't love your kitty,
and you would like a different one, at that point, you'll be able to go over to our friends at Magic
Eden and see what other kittens are available for adoption. More importantly, Withers, you'll be
able to show your kitty relatively soon. So those be there because I know that's important to you.
So full display of your kitty coming soon. That's definitely up there on the list.
English, how are you doing today? How do you feel about the myth?
Well, I'm pretty frazzled. I have like three things going on at the same time between discord,
people hitting me up in the end, what's going on. So I just came here for a little bit of
peace and some Withers calm talking, calling everybody darling, but feeling good, feeling good.
That is amazing. I have a little technical issue. I'll be right back.
Was that a cat? Does Withers literally have to go deal with a cat right now?
That's incredible. She got a red one.
She got a cat with some. Eric, how are you doing?
Don't don't ask me anything. I'm I should be in the hospital right now.
I'm so fucking hungover. Don't ask me anything. I'm super stoked.
You don't have to answer, you know, like you can you cannot answer the question.
If you don't have something good to say, you can be like, Oh, I'm excited.
I'm excited. Last night that I don't know it blew up in my face. I don't know.
I'm gonna get I don't know what I'm gonna do today.
Great answer, Eric. So for everyone else who's listening into this,
a quick update. Yeah, we know that the Mint website is not completely working right now.
We're working on this. It's okay. We're not out of cats yet.
It's just that there's a ton of people hitting the website and it got a little bit confused.
But it's gonna be back. And we'll let you know. And it's ready to mint.
If you're on the white list, you don't need to worry.
Just bear with us for longer and you'll have the opportunity to mint.
So I hope you're not worried English. Are you worried?
I'm not, but I'm really enjoying far trolling his friends and co workers.
Like there's people that like help them out in his server.
And they're asking like, what's going on in this group chat.
And far is like, sorry, dude sold out.
And this is supposedly supposed to do that.
I don't know. I think he's been hanging around you too long.
Like a couple of days ago, he was trolling. He's like, damn, dude,
I've been hanging around Udi too much. And I'm like, a little bit probably.
So good times. Yeah, this is like his closest friends and family.
He's telling. Yeah, dude, sorry. He's like, dude, mint buttons not working.
Allocation size. He's like, yeah, dude, that's because they're sold out.
And I'm just like imagining in real life.
Like he'd probably be saying this with like a straight face.
English, I'm gonna I'm gonna give you the pleasure of moderating for a couple of minutes.
Well, we're making sure that the website goes back up for everyone.
But it's coming, guys. It's coming.
I can feel it. I can feel it in my bones.
The cats, the cats just wanna the cats wanna be adopted.
All right. So you go ahead and take care of that. I'll get the situated.
Anybody that wants to come up, chat, feel free to do so.
Withers might show her your kitty. So we got that to look forward to.
Yeah, I'm just going to the house. Shout out to him. Shout out to you.
So Withers, I've got a question for you. It's a little bit of a personal question,
but, you know, you've been like very vocally on Team Dead and talking a lot of smack on Team Alive.
When you when you met your cat, if you end up with an alive cat, are you going to love it just as
much as if you got a dead cat or are you going to throw it out in the street and try to adopt a new?
I unexpectedly got a real cat, a human cat, given to me. So she's very vocal. But yes,
I will immediately dump that alive cat on the floor and pay over floor for a delicious
dead. Can your cat hear you right now? Yes. Is that why it's meowing in the background?
It's in pain and agony. I mean, she's saying drop on the floor. She means like
she means the JPEG, right? I do. Yes. So sorry. No, because you mentioned another.
OK, go ahead. It's it's a little bit cray cray over here. I will say. Oh, OK.
Um, so yes, the human cat little kitten that I have. Yeah, no, we will not be dropping her
though. Alive JPEG, you know, digital artifact that if it were to be, you know, on the opposing team,
yes, I would be dropping that on the floor and immediately paying at least two X the floor for
a dead. That is my plan. I don't understand what's going on. What do you mean human cat?
What is a human cat? I am. I am a cat. And so the I gave birth to a kitten.
Say, go team dead. Let's go. We got a wizard in training right there. Love to hear it.
Yeah, I don't know. I thought there was a little bit of confusion whether you were trading your
in real life cat for for a JPEG cat, which sounds kind of par for the course for you.
It is based on what I know about you, but it actually makes me kind of bullish on you.
Yeah, it's crazy over here, guys. I'm not even going to lie.
All right. You take care of yourself. Do what you got to do. Thank you for joining.
I just need I take your time. Take your time. Take care of a little wizard in training.
We'll just see what's up with Satoshi. Enjoy your what's going on, my friend.
Yo, what's up, guys? I'm not much just hanging out over here checking out the traits. Oh,
wait, did I spoil something? It has been crazy with the traits. So that's actually a pretty good
question because like I think the cat and the wizards were like they were put by traits
and you can go to a certain site. But I think that was done like on second,
like like a secondary type of thing where somebody just picked them out and
you know, identified them. I don't know if it's in the metadata or not, but it'd be interesting to
see that in terms of like actual traits because I know Daza like has picked out like what are the
rarest I think jelly beans being the rarest and and bubbles. I don't know if you had anything in
mind that you were looking for. I'm going to I'm going to be happy with whatever whatever it is.
I'm kind of like let fate decide things. You know, I'll just take whatever cards are dealt to me.
That's kind of where I'm at. I'll I'll fit into whatever I get. And I guess that's that's just
going to be all right. Yeah. So if anybody wants to come up, chill, hang out, feel free to request.
We got the team working on the back end. You'll be able to mint your cats hopefully pretty soon.
So pretty crazy in the discord right now. I think vibes are still up pretty good.
You know, typical copy pasta stuff. A lot of fun jamming out. I see Bongo giving me a wave up.
He's going to come up here. He's probably going to talk about tortilla wizards,
even though we're focused on cats today. But let's see what's up with Bongo GM brother.
Are you going to show for are you going to ask for your wizard while we're up here or
you have something cat oriented to add to the to the conversation? Well, every we start needs
a cat. That's just simple math. And so I'm getting my cat today, just so I can worry
about my wizard later. Today is a cat day. I'm just pumped for the meat excited to get my one
of one. Oh, God. Do you think Luke Jr., if he was in Mexico or your actual country of
descent, would he wrap a cat in a tortilla?
No, we usually eat it with rice in Chinese food or something like that.
All right. Good to know. I mean, he does. He's a big proponent that it's a sustainable
source of meat. So I guess cat rice and beans. Is that the combination?
Ah, it's yeah, you just keep adding stuff to it. It doesn't matter.
The more the more my mom would call that. Just to figure out what whatever you got, right?
All right. For those that speak Spanish and are from that descent, you'll get that joke.
Um, but yeah, and Mr. Far, any other friends and family hitting you up?
Okay, far is going to do his he has a bit where I ask him a question and then
and then he answers five minutes later to troll me.
I sound like I'm in the restroom. I'm not. Where are you?
I'm here in the desk. Okay. And why does it sound like a bathroom?
Do you see what that sounds like? I don't know.
It does sound that way. It 100% sounds like a new set up, so it doesn't work, right?
Um, it really, it really depends what you're going for. If you want to set like that,
that atmosphere where you're, um, taking a dump, which is cool. I mean, I think everybody doesn't.
They may have like a, what about now?
The friend? No, everything. What's the same?
If we can get this mint to go through, then maybe we can spare spare some funds to buy you
an actual microphone. No, this is a good one. I don't know. I think, uh,
You see what's going on as far as rescuing the cats might be a little bit on, on the water.
So that's why it sounds like that.
Wait, so, so what are you into people are smitten already?
Are you trolling again? Is this like the reverse of what you were doing before?
I see people in this car. Like Alan, they've got a shop that though.
Yeah, I think I, I wouldn't trust anything in discord at this moment.
If the last week has taught a city thing, you shouldn't trust anything.
That was like a three, three, four days of intense discord. That was like a.
A lot of people excited about the cats, my friend. Um, you're,
I think that was the same for
I see Daza talking in, uh, maybe it's too early for him to join, but, uh, we should get Daza up here.
If, uh, I think he woke up early Australian time zone.
Yeah, I don't, I don't think, let's not say that the mint is open just because, uh,
we, uh, we see some people in discord probably working on the back end.
Um, yeah, you're going to see all weird types of things and discord people
saying sold out and photoshopping.
You don't have to raise your hand, dude. What are you doing, dude? Just, just talk.
No, I just, uh, careful if you're bringing people up because that means taking people down.
This is full currently and I don't want to leave.
And I haven't been able to mean, by the way, I keep trying.
Are you saying bring people up into the space?
He's saying that he doesn't want to go down as a sacrifice, uh,
to get more people up because they're stages full because Bongo loves.
Bongo, do you think that you will get priority to mint because you're up here with the panel?
Mr. Rindell, what's going on from
He's maybe in the back. Yeah, he's probably.
Yeah, Mr. Rindell is technically indisposed at the moment.
I think they'll be, uh, they'll be happy about that.
All the people listening in, all the people on discord.
I don't know if he's available, but he did say that anybody that has
white list shouldn't be worried.
So I don't, I don't foresee that.
Bongo was scared about what is just did, um, uh, sorry, Bongo.
But I feel like, uh, you know, I just want everybody know if you have white list,
I'll try to click. Uh, it didn't work.
I gave up when in my bed and I'm chilling with you guys.
That's the way to do that.
Did Bongo leave or did winners kick him?
No, I definitely kicked him.
Just, uh, good, great job.
Yo, that was, that was a wise executive decision.
Yeah. I have, I have something interesting that I want to like bring up because someone
asked me like, yo, before that bliss, just a minute.
So I'm going to give people an update, uh, because far, far has been pressuring
people to think that the mint is back.
It's not, not yet, not yet.
I think there's some progress.
There's no need to panic.
Everyone who's white listed is going to have a chance to mint.
As long as they do it on time, if we'll have to extend, we will.
But, um, for now, stay tuned.
We'll let you know how things go.
I'm sure this is going to be resolved very soon.
At the end, we're going to find a home for these cats.
And if you're on the white list, you're going to get your,
you're going to get your spot.
And, uh, I think you're going to have a good day.
Udi, let me ask you this.
Are you familiar with, I guess, like the interface when you did testing?
Cause the screenshots that I'm seeing says like you're adopting one cat and
it says payment sent or a payment signed and a payment submitted.
There's, I think there's a, I think there's a small amount of people
we're able to mint, but, uh, I don't think it's fake, but, um,
it's just that the, the servers are having problems serving that many people.
So is this like a bear case for the Amazon servers?
No, I think it's the max.
He's trying to take this down.
Well, that's a little bit of progress.
If a few people are getting in, uh, and we're working on the backend.
Let's fucking cat everyone.
But momentarily, just chill like bless.
And we'll let you know whenever it's like, it's not like it's going anywhere.
Bless was going on before he got interrupted.
I don't know if he has anything else to add.
You know, I was in a Bitcoin maxi space other day, whether you don't, uh,
forgot their names, probably unimportant.
Uh, and I had the cat on, uh, and they're asking me like all these
questions, you know, about the cat or whatever.
And I was like, yeah, you know, that's if Woody was to go away, uh,
would the cat be worth anything?
And I was like, yo, dude, I don't even care.
This guy doesn't eat vegetables.
Did you think I'd care about Woody?
Like I, I'm, I'm think I like the cat because beyond just like,
if that was supposed to go away, if everything was, you know,
was what's on chain, what Ryan doll did and like, and far like,
you know, the combination of like the code and everything,
I think has way more like value than just like woody yelling in spaces.
Um, no offense to me, but, uh, if he, yeah, this is something
that I think it's historic beyond just like, um, you know, uh,
taproot wizard, Woody, or Woody just yelling at Bitcoin maxis,
actually, because they specifically asked if you want to wait.
And, uh, that's something I wouldn't miss out on.
I actually think this is beyond just, uh, Bitcoin maxis versus Woody.
This is fucking art and historic using something on chain.
And yeah, was there anything that various in their voice when they
said if Woody went away, because it sounds kind of suspected.
Like, like, let me have like this kind of like theoretical,
like if he were just to vanish, let's say like two weeks from now,
like was the kind of, um, I don't know, had like a little bit of speculation in there.
Dude, I don't know. Even if it was, y'all sounded nerdy.
So I don't think that any of them are doing anything anytime soon.
I don't know, man. I have heard some crazy things, uh,
from the maxis, but yeah, no, all in good fun.
Bless. I'm curious. Was, was the space full of sandwiches
or just your standard laser eye maxi?
Uh, I don't think it was any sandwiches. Uh, yeah,
I thought the sandwiches was team alive. Like these are actual Bitcoin laser eye maxis.
I don't even know how I found this space. I think he came with them there
and he was getting fart noises thrown at him.
Um, but yeah, it was just one of those, you know,
sandwiches, the sandwiches were team CVT, like an alt team that came out.
So kind of like the shit coin of, um, of the cats, um, for CVT, I believe.
And they had the Reuben sandwiches. Is that right?
But I thought he capitulated. Didn't he capitulate for, for Opcat Tyler?
Yeah. Yeah. The, the sandwiches got started as the counter movement to Opcat for a CTV,
which is a check template verify another op code that enables covenants.
But, uh, yeah, if you see any Rubens hoagies, uh, other submarine sandwiches on your timeline,
they're all good guys. They're all good guys. Uh,
I like to use the sandwich as a way to delineate the,
you know, the intelligent long time Bitcoin or devs who are willing to have a little fun
from the, uh, the traditional laser eye maxis who, uh, really only eat steak.
So they don't like those sandwiches because they have sauerkraut and other, other vegetables on them.
Yo, so is, is being, uh, you know, eating only steak is I like a Bitcoin maxi thing
because I did notice, uh, a particular amount of people who like Bitcoin also just
only eat meat. Is that the thing going on?
Yeah, it's, it's my understanding that that is a particular diet. You can go on
if you are a full on laser eye maxi, uh, maybe not so great for the kidney health, but, uh,
to each their own. And I would just like to point out that there's, there's four wizards,
five wizards on the stage. Um, so the myth that nobody has a wizard is actually a lie. We've
debunked that. And with that being said, I would like to, to welcome Violetta. Violetta, what's going on?
Jimmy out everyone. I am, I'm, I'm just patiently waiting for my turn, uh, to mint.
That's all I wanted to say. Um, yeah, thank you. Well, you came out with a really dope, um,
cat song. I think it was like on a spaces, uh, either was it witters? Was it your space
for the dead dead team or was it team alive? No, it was my, it was your space. Yeah. No,
I claim Violetta. Violetta is team dead. You're claiming all the ladies, huh? Yeah.
That is the Alliance that we have made. So, um, and if Violetta, if you have time or, um,
would love, would like to, I would love to hear that song. That was going to be my segue,
right? I don't know if you're, if you're ready for that, if you need to take your time,
I think only like a hundred people got to listen to it. I think we have over a thousand people
and I think they deserve to hear the cat song. So if you need some time or if you're willing to do
it, all right, we're getting some hearts. So that seems like a yes. We'll wait on you to,
let's do it. Let's do it. Are you ready right now? Yeah, I'm ready. All right. Fuck it. Let's ride.
All right. Everybody, the, the, the magical singing and playing of Violetta. Take it away.
Thank you. I also wanted to shout out song a day man. Cause his OP cat, they want to bring you
back. That was a hit. So shout out to him as well. This is just, uh, nothing compared to that,
Has anybody seen my OP cat? Because the cat's the only cat who knows where it's at.
Everybody's picking up on the Bitcoin because everything else is obsolete.
A wizard alone makes you wish you weren't born. Every time that he plays with the blockchain
enact and the power of cats, we're ready to play. Has anybody seen my OP cat? Because my cat's the
only cat who knows where it's at. Everybody's picking up on the Bitcoin and everything else is
obsolete. Has anybody seen my OP cat? Because my cat's the only cat who knows where it's at.
Everybody's picking up on the Bitcoin. Everything else is obsolete.
Ladies and gentlemen, that's how it's done. Let's give some hearts there. If you enjoyed Violetta
song, we really appreciate that. I saw, I saw it for Oak. If you want to come up, I saw you
throwing some hearts and some stunned. Yeah, dude, I got goosebumps. Definitely from that.
Very dope. Very dope. Thank you, Violetta. That was fire. Yeah, it was nuts.
That was crazy. I came on to say I just smashed my TV in front of 22 guests at my son's birthday
party because of the quantum cats. My wife just took our crying kids and said they're
all spending the weekend at her mom's house. This investment thing has ruined my marriage.
I can't handle this anymore. Goodbye, investors. I need my quantum cats.
All right. You heard it here first, guys. If Faroq doesn't get his cats, it's the end of rug radio.
Yeah, let's wrap it up. We need to fix Bitcoin. What's up with Bitcoin? I thought you guys were
meant to fix and scale Bitcoin. Now you're breaking it. What's going on? Well, apparently,
he's taking down not only Bitcoin, but your enterprise. You're leaving web three because of
this. Your girlfriend or fiance or wife has left you. Really, this is like a spiraling down
cascading effect, all because of Udi Houdin. Some digital cats are ruining web, not just
Bitcoin, but web three and people's lives. Yeah, I just want to make my Udi know.
That's it. I like that. All right. Now, but for me, I'm so hyped for you guys. I'm super
happy. I had to pop in real quick. Show some love to everybody. Shout that out. Send me a link.
Udi and everybody. Fucking huge fan of Tapwood Wizards. Can't wait to be an OP cat.
Let's fucking go. Thank you, Faroq. Thanks for the support. We love you. Heard the shout out
in rug radio earlier today in FOMO Hour. If you haven't been listening to it, go follow Faroq.
Listen to FOMO Hour. Mando's the goat. OSF's the goat. Faroq's the goat.
Listen to your show every day, brother. Appreciate it.
All right. Well, Violetta, any other thoughts about the mint? We did enjoy the song.
How did you come up with that song? Did you have like a baseline for it?
Do you just make these songs off the top of your head?
So that one specifically, actually it's a cover. It's kind of a rendition of the Aristocats.
Not to be confused with the Aristocats movie.
It is the Aristocats. It's a documentary. Don't worry about it. If you know the reference.
All right. I see Ashley kind of laughed. Ashley, do you know what movie I'm talking about?
Oh, I know exactly what movie I'm talking about. I also came up here because I want to ask Udi,
does he think that I'm an Udi? I'm crying. I'm screaming. I'm throwing up.
I have so much anxiety. I'm sweating. My husband said that he has never seen me
like this in my whole life. I'm literally shaking. I don't know what to do.
Udi might be tied up at the moment, maybe figuratively and maybe literally.
I know you're part of the Witter's Cabal. I've seen you in the timeline.
And so you have Violetta. We have Ashley. We have the Witter's Cabal up with us today.
So thanks for coming. Coming up in spades. And we finally got our fearless mod, Mr. Dazza GM brother.
Maybe he's just hanging out.
Well, if he's just hanging out, there's about
45 requests. So yeah, take him down. Take him down with us.
Bye, Perot. Thank you. Appreciate it. Appreciate the support. Yeah.
Yeah. Thank you. Let's see some of these. Look at these eager little beavers.
Well, let's go to Donny. He always has something pretty funny, intelligent to say. Donny GM brother.
Don't put that kind of pressure on me. English. You can't.
It's only a thousand people. It's only a real recorded space.
You're like the best. That's also only the internet. It's not a big deal.
Just the internet. You're the best host in ordinals. Take it away.
It's only where I spend all of my time. All the time.
Anyway, uh, Witter's was telling me the other day that she actually did see her cat already,
but she had to use a hand mirror to do it. And it was when, you know, like a decade ago.
He prefers to call in a kitty, sir. Oh, that's right. Okay. And I wanted to say,
careful bringing up the aristocrats because I think that even in spaces that are as volatile
and like expecting of grotesque behavior as Twitter, that is one of the worst things you
can watch, I think. So everybody go watch the aristocrats and then you'll get English's joke
about that. Also, I, the main thing I came up here to say, or when I requested like
42 minutes ago was not like when mint or fix it, it was more like the worst this goes,
the more excited everyone's going to be for the rest of eternity about this.
I think everything I've ever liked being a part of the mint went horribly wrong. So,
you know, congrats. I think that's a huge success.
You know, Donnie, don't encourage Udi. It took me,
it took me a year to get an IOU wizard. So I don't even own this. Like I was promised this
like Violetta has an IOU wizard. So he has like this propensity to delay things.
So if you're encouraging him that this is kind of bullish, this might take like a week.
I'm not making the rules. It's just a fact. The worse things go, the better they perform
in the long run and the more, you know, the more excitement there is around it.
So not to say that this is gauged by how much people, you know, are fumbling about it,
but it seems like there's just a correlation. Maybe it's just comorbid.
The more interesting something is in the more like boundaries it's trying to break,
the more wrong things go because you're trying new shit all the time, you know?
No, it's a good point. It's a good point. Like I'm too close to this. So it's hard for me to
judge sentiment, but with like the DMs that I get and just during doing that,
like it literally seems everybody that I know is hitting me up. So good to see.
Sentiment. I just want to touch on sentiment real quick. It's like sentiment is like asking all of
your ex-girlfriends if your current marriage is going well. Like the people who don't support you
in the weird times like this or don't support the project in this and they get like mad that
this is the end and like it didn't do what they wanted it to do. Cool. See ya. That's
the next girlfriend that you're talking to currently. That's not your wife.
Donnie bringing the bullish analogies. I love them dude. Thanks for coming up Donnie.
Obviously hang out. We'll keep on chatting. We do have a hand.
No, no, you're staying brother. You're staying. I've recruited you.
So Witters has Hercobol. You're part of Mycobol. I'm adopting you.
So it's official. Donnie's part is Team English.
I don't think we'll win against Violeta and Ashley to be honest, but I'm still taking recruits.
Herdin, what's going on? I see your hand up. GM, what's on your mind?
GM, GM. I'm part of Witters Kobol by the way.
Everybody's part of Witters Kobol. I know it's like there's no point to even trying
against this battle, but it's fine. All right. So you're a Witters super fan
and you came to support her and the cats, I hope.
Oh, it's staying up because I was too scared. I was going to sleep in.
And lo and behold, it's not working. The mindset's not working, but I'm patient.
I've already stayed up 12 hours. I can stay up another 30 minutes.
I'm glad we're scaring people into this. So resaying my friend who's in the audience,
she messaged me and was like, oh yeah, no, I'm going to pass out for about four hours.
And I'm like, are you sure you're going to wake up on time? She's like, all right.
I put on two alarms and then like three hours later, she's like,
she pings her actual chat and she's like, thanks to English.
I haven't got any sleep any night. He scared me into staying up.
And so shout out to the people with the Red Bulls and not getting any sleep.
You know, what's not helping is far telling me that it's minted out.
Dude, that's what's that.
He's been going around it. I'm in like three group chats with him and literally like his
closest friends and family, like people that like help out in his server, like as mods.
They're like, dude, what's going on? What's going on?
And he's like, they're minted out. And I can just imagine hearing him say it with his accent.
Sorry, they're minted out.
Bad Brothers GM, I see you got your hand up. What's going on, friend?
GM, you guys got to fix the site or whatever, because, you know,
after this, I wasn't planning on being active on X tonight.
I'm meeting with a girl, a real one and a half an hour girl,
and I wouldn't expect any of you to understand anyway.
So please don't, you know, DM me saying, hey, did you meet your cat yet?
You know, if you don't fix the site quickly, because I'm with the girl.
OK, and you'll most likely get aired because I'll be with the girl.
Again, I don't expect any of you to understand this.
And she'd actually really interested in me.
And, you know, I can't pass this up for some meeting with op cats.
OK, because I'll be meeting the girl.
Meeting women and not wasting my time with, you know, op cats.
So yeah, I'm going to go branch out with this girl.
But, you know, please get them inside.
Fakes are like a minute first.
If you were said at once, I would have believed you.
Dude, Donnie, you fucking stole my mind.
You know, I was like, how many times you said girl?
Uh, Batty, I believe you should know better.
And every ounce of plastic and air that fills her is also real.
Um, and I hope that was I was terrible.
I think the second part was worse.
It might have been just a little bit.
Um, if we do have a plethora of requests.
So if you're done, um, I don't want to be like that person
that like kicks you unless you're bongo.
That hasn't he's he's added no input to this conversation.
He's just sat here, um, taking up space.
I would have kicked him like 15 minutes ago.
Speaking of, uh, taking up space, uh, Eric, how, how do you feel about today?
And, uh, mint day for the quantum cats.
I feel like, um, everything that I've been aware of that's been like massively anticipated.
I don't know why it's all, it never works.
It's just traffic, um, just brings everything down.
Um, so you see these things and you assume, well, they know that they're going to get
a lot of hits, so they should prepare because the shit might go down.
But still it always goes down.
The thing always goes down.
Like that's, it just seems like it's a common theme for like popular stuff.
Like it never, it never works.
I think that you really can't guesstimate the popularity of something until it actually
happens and then you're like, oh, we should have like, I mean, just look at far
Like even Sotheby's didn't think that it was going to, you know, go that far and it did.
And, um, so maybe just for in the future, let's, let's a hundred X, whatever your
expectations are, um, and then then you can only be, you know, only you can be let down.
That didn't go over as well as I thought it was going to.
We just didn't unmute to laugh.
There was like a crazy, I mean, he was threatening me.
And so I'll go ahead and let him get kicked off again.
But go ahead, Bongo, before we get to dog father.
Um, I just mint my cat and it says that it's fully sell out.
If you miss out on quantum cats, uh, it's just how it is.
Go back to your, uh, eat NFTs or whatever the fuck you were doing before.
Isn't the phrase go back to your, to your, uh, what was it?
You're all changed shit coin bozo.
You know, yeah, it's, uh, go back to your all chain bozo.
Obviously Bongo's trolling.
If, uh, if nobody caught that, that's just a little bit of Bongo, um,
where there's, you have the co-host role, so I can't see who's, who's, uh,
requesting, but feel free to cycle some people out.
We'll bring them on dog farther.
Oh, uh, so you made the big mistake with this.
So I'm team alive and I see it's very biased towards these, uh, dad cats.
So, um, yeah, um, you know, I don't know, actually who, who was winning team
dad or team alive, maybe you can, you can give an update or somehow I missed
that, or maybe you even never really, uh, analyze that.
But, um, that, that was not my main point.
Now I want to spoil your party because it's way too funny.
So I was having a look at, uh, at some data today and I just wanted to ask
the team, uh, how you came up with the mint price.
Was this something like related to the, the note monkeys 0.03, um, you know,
like, like auction because it's like, just so obvious that this is like, um,
kind of like leveling this, this one that you didn't want to charge less than
So maybe some, some, some facts, you know, some, some history on that would be
And so before, for having such a like serious question, uh, you, you can, uh,
Well, I'm just a space is bozo.
Um, I don't know if Tyler, Eric, or Udi has, uh,
yeah, I'm happy to comment on how we came up with pricing.
So, uh, back when the taproot wizard started, Eric adopted a cap, uh, used to be
named T whiz and now, uh, newest name is Nispl.
And, uh, you know, name is bubble.
And maybe Eric, do you want to give a little backstory on how his name
Yeah, well, um, I think anyone who has like a significant other or I'm assuming
this happens to, to parents that have kids, like you, you look at the thing
that you love and, uh, the name of the, the thing, it just comes to you.
So I look at my cat and, um, you know, he's, he's been alive for one year
and, uh, he's changed, like he's evolved.
He is a, he's a different cat now than he was in the beginning.
And, um, when I look at him, I feel like, you know, I want a word that
captures how I feel about him.
Um, so he was, he was in the beginning, like his name was he was in the
beginning, uh, because when he was born, he was like, uh, he had like, uh,
he's very fluffy, he's white and very fluffy.
And he looked like a wizard, like a wizard's beard pretty much when he
was born, but, uh, as he grew older, he grew more into his fur.
And, uh, now he's just very, very pretty and wholesome and full.
And, um, I know his behavior changes as well.
And now when I look at him, he's not a wizard, like he doesn't look like
a wizard's beard anymore.
He just looks very fat and very happy and very full.
And, uh, yeah, when I look at him, I just, I just see bubble.
So I call out to him and I say bubble and he meows back at me.
And, uh, yeah, it just, it changes the name changes because he changes.
Do we have any picks a bubble?
Well, let's go back to Tyler.
I think that was a pivot Tyler.
Did you have anything else to add onto that after the story of the cow?
I was just going to comment on how we came up with the pricing.
So, uh, the artist formerly known as T whiz, we, we, what we did is we bought
10 different toys and we wrote 10 different potential mint prices on them.
And Eric spread those around his living room and Eric brought in.
Bubble dropped him in the middle of the room and the toy he ran over to
said the mint price should be 0.1 BTC.
And that's what we went with.
Was there like a spread of like, how far was the spread?
Was it like from 0.01 to like one BTC and it just landed on 0.1?
I mean, actually English, nine of them were 0.0001 BTC, but I mean,
unfortunately for you all, it seemed like bubble chose.
He recognized that taproot wizards was a premium brand and went for that 0.1 price.
That's a, that's a pretty smart cut.
I'm glad that that I wish that more teams will use this in the future.
I think this is like a groundbreaking like time.
It's like a watershed moment.
I think this will be part of the Providence and moving forward.
When, when a project does really well and does something different,
people tend to replicate it.
Maybe Eric's cat has a future as a team member and future,
you know, ordinals projects or even East and Solana.
I see my friend, my friend Reesank here and I'm going to put her on the spot.
Before you unmute, you have to say team winners or team English.
Oh, I'm team English because you're a collector of mine.
Reesank, what's going on?
I haven't slept, so I'm a little bit groggy, but I really hope I can admit my cats.
I have two minutes, so just really excited for that.
Also just, there are some, not conspiracies,
not conspiracies, more like there's some theories at how, you know, cat evolves.
Does it end up becoming a wizard?
That's something that I heard as a story yesterday that is interesting.
But honestly, just excited.
And I think that all of us have been looking forward to this for quite a few days,
especially the people who, who like created presentations and, and did the video contest.
Just out of curiosity, what's the theory behind that?
Because there's 3,333 cats, 21, 21 wizards.
So did they get into that or that's just kind of what's floating around?
Not just like one random one that I heard like yesterday about,
you know, a lot of the traits aren't or the variations aren't fully shown yet.
And who knows like what's going to happen in terms of like the art and evolution.
So that's just something that I'm like, I think is interesting.
But obviously, I think that's such a far-fetched idea, but one can only dream.
You know, Web3Dgens, they're going to speculate.
And that's kind of what this is all about.
We had a hand up and they, oh no, they're still there.
Vonsoul, what's going on?
English, I love you, but just have to say I'm part of the winners, Cabal.
I will see you in a surprise reset.
Set team English to be fair.
I mean, you just have a little bit more fun on the dark side English.
You know, I'm sure over there you have your English cup of coffee.
But just normally, but over here, you know, you can have it with some Bailey.
The vibes here are just immaculate.
Like in her side, the dark side, the dead side.
Well, technically, I'm team dead.
But I think between the both of us, I think she would be more of the dark side.
She has like a little femme fatale kind of thing going on.
She takes pictures with AR 15s and boots.
You can only be around waiters for too long until you just fall under the darkness and
But I just wanted to come say a great day today.
I thought I had it all planned out.
I have work in half an hour, but I actually had to call.
Told them I lost my op cat and I'm currently trying to look for it.
Had to make a few meow sounds just to make them believe it.
We're here looking for our cats.
Hopefully we don't get fired over a quantum cat, but we're here.
All right, the bullish data.
I mean, if your employer is understanding the op cat and the importance of minting
one dude, I think that's an organization you want to stick with long term.
So stick with them, dude.
It's hard to find it's hard to find people that are that smart and understand, dude.
We got another hand up and it's just a bunch of buckets.
Hey, I was I was reading the Bitcoin white paper, you know, as I do every night
and I couldn't find these cats anywhere.
If anyone could direct me to the right chapter, please.
I'm not sure it's exactly in in the actual white paper, but
Udi did some research and apparently like Satoshi was a JPEG enjoyer.
And so before like the actual pizza transaction, there was this talk about selling,
like, I don't know if it was like a landscape or just kind of like a wallpaper.
Maybe Tyler knows the story a little bit more than I do.
Yeah, I mean, I think you got it.
Okay, so I'm on the right track.
I didn't want to mislead anybody.
So somebody, you know, he hit him up and he's like a Satoshi.
And I want to sell it and I want some Bitcoin for it.
And he's like, yeah, that sounds like a great idea.
So and we have that documented.
It's still in the forums.
We can find it over there.
So I don't know if we have the exact like trails to see if it transacted.
At the very least, it was proposed.
And at least it was OK by Satoshi.
We do think that this transaction took place based on some of the other chats that transpired.
I'm a little bit vague on those details.
So, yeah, it's technically not in the white paper, but just because it's not in the white
paper doesn't explicitly mean that it's not part of the whole ethos and ecosystem of Bitcoin.
So from its very early inception, even op code was part of it.
That was taken out, enjoying JPEGs.
That was all part of Bitcoin, part of the plan.
So if these people just say that it's only meant to be peer to peer without any other
value transactions in terms of actual assets, whether they're digital or otherwise,
that's a false narrative, my friend.
Yeah, I know I'm into my cat.
I just want to give you guys a little opportunity to say your piece.
I appreciate the alley-oop.
I'll be I'll be what is it?
The Malone to your Stockton.
That's an old boomer reference for you guys.
Logan, what's going on, brother?
You just speak so eloquently English.
And I'm waiting for an invite to the English cabal.
I would I just wish I had your accent.
If I had your accent, I think I would have more people on my team.
I think that's part of like the actual, like that's some Alpha.
Like if I could have your accent and I do my pitch and I do my hosting thing,
I think I would get like three votes to like winter seven.
I still think I'm at a severe disadvantage, but I would love to have the English
just like small advantage.
Well, just give me your Twitter account.
I could speak on this basis for you.
I think you probably have more followers.
I need to actually tweet instead of just hosting spaces.
But yeah, Logan, you've been pretty helpful, dude.
What's on your mind right now with minting the cats?
What do you what do you kind of feels going on?
Like are people hitting you up?
Do you feel any, you know, in terms of FOMO going on?
Well, what's your take on things?
My girlfriend wants to buy an actual cat right now.
And I sort of to wait because I need to buy a quantum cat.
Yeah, a little known fact is that Bold Leonidas who who does the cartoons
for Mando's Mando Minutes, and he should pay me for plugging his his actual newsletter.
Yeah, Bold Leonidas has been in the server from day one Taproot Wizard fan.
So anytime there's something going on, he did a couple or she rather.
They did some they did some cartoons early on for the Taproot Wizard.
There was one earlier today or the day before.
It was, you know, Mom, you know, I want to tap.
I want a quantum cat, but we have one at home kind of thing.
Shout out Bold Leonidas Taproot Wizard fan.
So we appreciate the love over this way.
You're technically my boss, Eric.
You don't have to put your hand up.
Yeah, I was I was gonna make a comment about what you talked about previously,
because I think you just danced around the subject.
You talked about I buried the lead.
So you were talking about this find that Udi made that Satoshi, like,
approved the purchase of a JPEG on the Bitcoin talk forums like.
Yes, like he found he found this on Bitcoin targets like a post from like 14 years ago.
But I think the most interesting part of that discovery is kind of lost on people.
I think that the point is not that Satoshi was OK with people, you know, buying JPEGs with Bitcoin.
I think that that's sort of obvious.
You can use Bitcoin for whatever.
Like the first use case for Bitcoin was buying LSD on the Silk Road.
So like people buying JPEGs, if that upsets you, you know, people have been buying guns
and, you know, fentanyl and all kinds of stuff with with Bitcoin.
That shouldn't really be a part of the conversation what people use their Bitcoin for.
But the thing that is really interesting about that
snippet is that the JPEG itself is not known like we don't know what it actually looks like
because the link is broken.
Like the link doesn't actually lead to anything.
The JPEG is not hosted anywhere.
So we don't actually know what the JPEG looks like.
So every time someone says, like, why are you putting these JPEGs on the Bitcoin chain?
Like, why don't you just use IPFS?
So why don't you just use some, you know, external storage providing service
and just store the hash of the JPEG on the Bitcoin chain?
Like, that's the logical way to store art or a piece of data.
But, you know, if you think about your own digital, you know, your own digital life
and like the when you go very far back, like 10 years, you know, the types of sites
that you use changes, like the websites that you visit, they change over time.
So even if you feel like Inger or whatever, it's never going to change.
It's that that is the like, for example, like 10 years ago, maybe everyone felt like
Facebook is the place I'm never going to not use Facebook.
It's always going to be Facebook.
I don't know people who like log on to their Facebook accounts anymore.
Like things on the Internet changes over time.
And storing a JPEG on Bitcoin is actually like it actually makes sense.
And I think that that form post where we don't know what the JPEG was
and we can't find it and we can't find people that were involved in like discussing that transaction.
And so I think that's like maybe the perfect example for why if you have a JPEG that is really
valuable, you kind of do want to put it on chain.
Because how else are you going to be 100% sure that that JPEG is always going to be around?
Since we're getting, you know, into these Udi-SciOps, he also had some kind of theory about
The one with Cartman in it.
Somebody help me out here.
So there's some South Park conspiracy about, I don't know, the actual Taproot wizard meme
or the Mavenspot meme or something along that.
Does anybody remember that PSYOP?
Is there any truth behind that?
I can attempt to elucidate what that PSYOP was.
Gosh, back in I think it was 2012, there was a relatively famous South Park episode or
maybe even a couple of episodes in a row where Cartman, one of the main characters,
And this wizard bears striking resemblance to the Taproot wizards.
And so if you go back and look at the history books, the Mavenspot Bitcoin wizard meme started
propagating around Reddit about a week or two before the episode.
And if you know how South Park makes their episodes, they basically do one week sprints
where they all get together, they decide what the episode is going to be next week,
and they bang the entire thing out in one week span.
And so the theory is that Cartman's wizard outfit is actually based off of the Mavenspot Bitcoin wizard.
True or not, I don't know.
That's the, I don't know.
Apparently, Udi stretches the truth a little bit from time to time,
I don't know how he researches this stuff or how he found out of all the things that,
and all the things that, I guess, Luke Jr., Luke Dash Jr. publishes that he eats cats.
Is that something that he actually publishes a lot,
or was that a one-off time and Udi spent hours researching this?
That was directed at you, Tyler.
All my Taproot lore things are going to be directed at you.
Udi's in the back end with Ryan Dell trying to fix the server.
So you're my reference for the Taproot wizard lore.
I think Eric actually was the one who found this, and I think we found it back in like
November or something around the time we actually were getting started on this.
But yes, that was a real tweet.
Luke Jr. did say he was okay with eating cats.
We do not support eating cats at the Taproot wizard.
In fact, we support adopting cats and being kind, loving parents to your cats.
Tyler, Tyler, Tyler, Tyler.
So Luke is this Catholic person, and he views eating cats like Noah's Ark.
He's so religious that if God hasn't explicitly said that you should not eat cats,
then animals are the dominion of man, and you're allowed to eat cats.
It's in the Bible that you're allowed to grow, to have animals and eat them.
It's sort of what you're supposed to do.
So Luke will obviously do that.
But he went into more detail than just saying that he was okay with eating cats.
He actually said that he adopted a cat, and he was trying to get this cat to breed,
because he wanted to eat the cat's babies.
For some reason, the cats would not breed in his home,
so there never were any kittens that Luke could eat, sadly.
So we don't actually know whether or not he has eaten cats,
but we know that the extent of his cat eating wishes has gone beyond just the moral approval
of eating cats to the extent where he's been trying to get animals to fuck
so that he could eat their children.
So these cats refused to breed because they knew that they were going to be eaten.
The offspring would be consumed.
I mean, if somebody put you in a room, and we're like, okay, do it now,
and they weren't paying you, but you just had to do it in front of strangers.
Especially if they're going to eat you?
It depends on the context.
It depends on something else other than eating cats.
Yeah, we could chat whatever you want, Dan.
Can we talk about the laser-eyed maxi kind of cry-harder sort of vibe?
Before we do that, Dan, just a quick announcement.
If you're new to the space, we're aware of an issue on the mint site.
We're working hard on it, getting fixed.
Hopefully an announcement coming soon on that front.
Well, and also just really quick on that.
If you have a whitelist allocation, you will have an opportunity to mint a cat.
So there's been a lot of people joking or not joking on Discord and other places
that issues you're running into are that the cats are minted out.
If you have a whitelist, you will be able to mint a cat if you choose to.
Thank you, Rondell, for that reset of the room.
You'll get a chance to mint them if you're on the whitelist.
You wanted to talk about what was it specifically?
No, I think it's pretty funny, like the amount of angst and just like,
you know, honestly, just kind of like incel outrage that these Bitcoin puritans have
about people voluntarily buying an image that they completely understand and know.
By the way, to buy a quantum cat, you have to have bought Bitcoin.
So they bought Bitcoin, right?
They also have to use a non-custodial wallet, which we're promoting non-custodial wallet usage.
And then they have to, you know, just jump all through those hoops.
That takes a little bit more advanced knowledge than your average retail investor.
We're not popping this up on, you know, on PayPal or Coinbase's interface.
These are very knowledgeable people.
They like cats because they want to promote op cat and they really care about Bitcoin.
And they think the art's cool.
Bitcoin puritans and maxis find that enraging, that people knowledgeable
who understand what they're buying are allowed to buy a cat.
I mean, I just think it's so hilarious.
Like I've been in this space almost 12 years and the old Bitcoiners would be absolutely embarrassed
by these newer folks where we were excited when Counterparty brought, you know,
We were excited, you know, the narrative back then was we'll have these experiments happen
on the alts and then we'll bring all that innovation back to Bitcoin.
That was the old school narrative.
And that's what's happening right now.
So I couldn't be more proud of the Tapper Wizards team building.
I think it was the most iconic projects in the space.
It represents, I think, the first truly community mimetic sort of collection,
whereas a lot of the other ones previously have been a little bit more of like
porting over from Ethereum or copying punks or something like that.
I think the cultural foundation here is really cool.
And that's why I love working with these guys is I think that they really have kind of Bitcoin's
best intent, you know, for the protocol and for future development.
And what's crazy here is like, you know, these the Purited Maxis are enraged that people are
buying NFTs with Bitcoin.
So there's more Bitcoin usage, more Bitcoin stuff's going on.
And they're enraged that that you can buy an image.
I mean, they have so lost their way on what being a Bitcoin represents the to call buying
and selling of a transaction where both counterpart like both parties know exactly what's being
transacted to feel that you have the moral authority to weigh in on every single transaction
This is like this is a really bizarre mindset to have of like, it's a scam because I don't
like it is basically the TLDR of too long to read the summary of how they feel.
And I couldn't imagine anything more antithetical to Bitcoin ethos.
Bitcoin, as people used to say a couple years ago, Bitcoin's for enemies.
So even if you don't like how someone's using it, we all use it, right?
And that's the whole point.
It is a neutral protocol that allows commerce to flourish.
And they thought it was going to be commerce in person where people buy coffees.
It's not that people want the digital economy.
That Bitcoin's first circular economy actually begins in a digital sense.
It's very fitting for what the asset is.
And so that's where I'm I couldn't be more proud of the team.
These guys are phenomenal.
I think this is a I tweeted out earlier today.
I think this is an inflection point for NFTs across all blockchains.
But we'll look back on this and be like quantum cats really shifted the narrative
And we'll see more of the preeminent collection starting on Bitcoin.
So just wanted to put that out there.
I think that a lot of people are like cool.
A lot of people are excited about getting whitelisted.
But I really want to go back to kind of like I think this is a very important milestone
in the kind of the energy and culture of Bitcoin where we're embracing builders again.
We this is the future of Bitcoin is building on Bitcoin
and quantum cats represents I think a really cool representation of that.
Well said. Thank you, Dan.
I appreciate the kind words.
And yeah, no, 100 percent.
I think I'm a good case example of that.
Actually, like, you know, I used Ethereum.
I had bought Bitcoin before, but I had never even gave a second thought about it.
I just thought of it as an asset that might go up or might go down.
I never held it custodially.
I didn't know about even UT XOs or the mempool or anything of that nature.
So, you know, a lot of people say that these JPEG enjoyers,
I don't know a lot of these Bitcoin maxis that you guys have been chatting with over the years.
And I guess to the extent of knowledge that they have.
But all of these JPEG enjoyers, they know Bitcoin to an extent now,
whether through Taproot Wizards, through a different project or just kind of being in these discords.
So from a firsthand experience, just myself,
I'm way deeper into the culture, to the actual functions of it,
even from the mining aspect, you know, talking with some miners.
So definitely a good point.
Is he showing speaker for you guys?
Maybe he can't come to the mic.
Yeah, I can chime in a little bit more, too.
I think, you know, with the evolving inscriptions, too, I, you know, to be honest,
I'm not as technical as the rest of the folks here on the speaker panel.
But I think that, you know, what the core ethos of the company is about is making magic,
like make Bitcoin magical again.
And I think that it's going to be really cool to see some of that.
And I think magic is in the form of surprise.
You know, surprise and delight and folks being like, that was really cool.
That was something innovative.
And what's fun, too, is a lot of people go, oh, well, look, it's just cat pictures, right?
Like, how important is that?
There's a famous post by Paul Graham, a legendary Silicon Valley investor,
where he goes, the next thing might look like a game.
And that game turns into something much bigger.
So, you know, while people might be like, it's just JPEGs, or what does that mean?
What if someone uses, you know, evolving inscriptions or they use that to build
something, you know, something different or bigger, or, you know,
there could be a bigger opportunity with this than just what we're doing.
And it's really cool seeing like Ryan Dale, you know, talk about on the we
had a panel last week with Casey Rotemore on, you know, how he built quantum cats,
which is, I think, just really, really fun to see, you know, this innovative tech
that is moving in, I think, a pretty fast pace where there's a lot of innovations happening.
And it's even it's hard to keep up, to be honest, it's hard to keep up with
all of the all of the stuff happening in the ecosystem.
But it's cool to see us try one of the first teams to really kind of put it out there.
So I think a lot of people are I think are really not understanding that
tech is this evolutionary process of what looks to be silly at first, you know,
the original internet, by the way, I don't know if people know this, but the original
internet actually had a problem with cat pictures.
There's so many people sharing cat pictures that actually clogged up the early internet.
So the, you know, this meme actually was pretty funny in 2017, when, what's it called?
Crypto kitties clogged up the Ethereum chain, the same narrative came back there too,
which it's funny, the you see these sort of narratives kind of rise through the cycles.
So yeah, I think that it's just a really cool to see this amount of interest in innovation
happening. And what's cool too, is I think, you know, the puritan Bitcoiners don't understand
that like this brings in not only new people, like new creative types, but also brings in folks
from Ethereum as Lana. This is, this is giving getting them excited and bringing them back to
Bitcoin in a way where, you know, I think Bitcoin for them just wasn't their cup of tea.
And what's really interesting too, is that most, most people who bought Bitcoin and bought Ethereum
don't know how it works. They later learn how it works. After they've experimented around DeFi,
they've bought and sold. And, you know, education in this ecosystem is actually more
about retention, not by acquisition. Acquisition is done through speculation. The cycles are
show that 2013, 2017, 2021, and 2024, 2025 here, that's where a number go up. People are become
aware of it again, they buy in because they're like, I'm a human and I want to speculate.
And then they stick around for the sound money, the, the reason, you know, why Bitcoin is here.
So, you know, I saw this phenomenon NFT NYC, where a lot of people there were like,
yeah, I bought, I bought this NFT for 0.1 ETH and I flipped it for 0.3.
And I was like, cool, congrats on that. You know, what do you like about Ethereum? And they're like,
I mean, do you like the monetary policy or proof of stake? And they're like,
I don't know what those words mean. Okay. But then I realized that a lot of Bitcoiners
might also feel the same way. Like they probably bought Bitcoin and didn't really know
what it was. And so I think NFT, but these ETH folks, now they're thinking Ethereum standard
because they got introduced to Ethereum through NFTs. So they have a little bit of ETH left over
after the bull run. And now they're thinking in that standard. Now they're like, oh, cool,
I've got ETH. And that's where I think it's really important here for, you know, NFTs can
bring in like a whole creative types, creative and other crypto folks back over to Bitcoin or
bring in new people where they come in and they might just care about the JPEGs, but they stick
around because they learn about the sound money. So I observed this in NFT NYC the last two years.
And I think it's a really important sort of, I'd say, stepping down towards mainstream adoption
is having all these different ways that people can learn about and understand Bitcoin.
Yeah, 100% appreciate you pointing that out, Dan. Uncle Eddie, what's going on GM?
Good morning, guys. I was going to see how long you were. I was giving you some leeway
before you said anything. I was about to cut you off. No, I just wanted to, I just wanted
to like encompass the vibe here. And dude, everything Dan said really hit home because for
me, like, you know, I started on Ethereum and, you know, I had Bitcoin just just to have it to see
the whole time. Is this like part of your vibe? Yeah. Yeah. Yeah. Like, yeah, my face is
if you've ever been on them, I kind of set it low, you know, dancing. Eddie wanted to try
dancing. Eddie wanted to try your like your style last night and I told him absolutely not.
But go ahead. Anyway, I'm happy to turn it off. But the whole point was
if it's your thing, we can go either way. I'll keep it at like, I'll keep it like a micro
minimal. But the point is, like, like, I was over on Solana for just such a long time
and only spending my time there. But just because of my ability to transact and like
and explore and do fun shit. And my Bitcoin was always just kind of sitting on the side.
And then I, you know, I started seeing these like goofy dancing wizards pop up everywhere.
And I started seeing everyone talk about them and the drawings were, you know, cute and fun.
So you're like, all right, let's see what's going on here. So at first, it was just like,
you know, I'm just going to jump in my helicopter and make the most ridiculous video ever possible
just so I could like get involved with this and like try and get someone's attention. But along
the way, like I've literally learned how to use multiple Bitcoin wallets. I've learned how to
I've literally learned how to inscribe, list and trade like I've used so many different websites
and like met so many different people and so many different things that I never would have.
And like, to be honest, dude, Bitcoin was boring as fuck before all you guys started hanging out
around here before like you guys and ZK and then Charfou and Udi and like all you guys came around.
So like you guys have made it so fun. And like, I feel like a different type of safety,
like personally, like with my assets and Bitcoin, I've been moving stuff from like all these mean
coins I trade over in the ordinals and putting a lot in the Bitcoin and I feel great about it.
Like I always my dream to just have one fucking Bitcoin. And I'm proud to say I have to I've
made two. And I've done that with a lot of this fun stuff that like all you guys have
been contributing to. So I just want to come up and say thanks. And like, I don't really care
if the mint goes perfectly technically or whatever. I'm here waiting and I'm here to support. And yeah,
just keep up the good work. You guys are really making this fun for us. And that whole like us
versus them, Ethereum versus Bitcoin versus Solana thing, I'm pretty sure that that fence is fucking
gone. And anybody stuck in that world is just a weird. So you know, like, well, let's all hang
out and let's all win. And congratulations on all of the all of the attention you guys have
gathered and all the funds you've raised. And, you know, I'm here to try all the cool shit. So,
you know, keep bringing it out, man. Just wanted to share some love.
Well, thank you. Well said, dude. People like you made it possible. Obviously, it takes everybody.
And so I feel the same way. That was exactly in your situation. And it really has made Bitcoin
like a richer experience, like whether you're into like that, I just think that there's actual
there's so much nuances that it's not about this versus them, but it is a value proposition for
Bitcoin. So like, whether it's the fact that it's inscribed or it's on special sets, if that means
something to you. And there's just kind of cool ways. Like I did a whitelist application last
night and I had to inscribe my application. Like I would have never done that had it not been for
like, oh my gosh, when I had to inscribe the letter, I think I wrote some on the letter,
they might be on the stage. I forget who it was, but I had to like, right, like it was, it was to
win a wizard. I actually learned how to inscribe something. And I wrote this whole story.
And like, that was so much fun. And like, I actually like spent like 45 minutes learning
how to do something later on when I was going to buy this other BRC. I knew how to do it from
doing that. So you fuckers are winning, man. You're in educating and it's working. So yeah,
definitely. You're teaching me that stuff. Yep. You're part of the big points to us fuckers.
Us fuckers. Us fuckers, dude. Us fuckers. Thanks for having me up, guys.
Hey, no, thanks. You're welcome to hang out, dude. Appreciate you. We got our security
specialist who's been hanging out for a little bit and hasn't said anything. John HQ, what's
going on? GM. Okay. So another person like this. It's a Jim. Yeah, Jim. Yeah. Thanks for the
correction. And check your DMS. We've got Danny DC that we're going to bring up on stage. He's
really sharp. One of the earliest ordinals folks. So check your DMS there and let's get him up
on stage. Yeah, absolutely. I'm going to, if somebody wants to take over the mic for a second,
I'm got the co-host role now so I can finally cycle some people out. If I drop you down,
no hard feelings. Got a ton of requests. Going to bring some people up over here. So bye-bye,
Daza. You're my homie, so you won't take it to heart that I sent you down a couple more and
then we'll bring some people up over here. And who did you say specifically to bring up?
Is it DMS? Are they requesting right now? Okay, yeah, they are. See if I can get Danny up here.
Is Danny up? I think mine might be running over here. If I knock some people down.
Okay. Give me one second, guys. I'll jump down so you'll got some room too. I just wanted to say
yeah, that'd be fantastic. Appreciate it.
So Danny is showing me as a speaker and not a speaker. When I try to send over a request,
like literally, like it says that he's already a speaker, but then it also has an X next to his
word. Might be having some tickle. Let me just X him out. Danny, if you're listening,
try to request again and hopefully we'll be able to get you up. All right.
Yeah, it's Twitter spaces are a little funky. Yeah, it says like remove Danny as a speaker.
No, that's probably there. All right. Let's see if he does another request. Danny is just
existing in a quantum state of speakerness. He's both a speaker and not a speaker at the same time.
In truest form to the quantum cats. We're innovating on Twitter spaces as live on stage.
Woody, if you're available and you're able to bring them up, great. I'm having a little bit
of trouble bringing up new people. I cycled some people out. So how much room do we have?
Well, here's the thing. So I've removed some people, but they're still showing a speaker on
mine. So it might be a technical thing on mine, like Daza, for instance, he's still a speaker.
He's removed. I see 13 speakers. I got 18 online. Well, I got 18 requests,
but none of them are able to be brought up. I don't know who's behind the quantum cats account.
Maybe remove me. Yeah, it might be on my end. I'm not 100% sure. Usually it's one of the co-hosts.
Like I'm happy for you to take the co-host role if you'd like and see if we can bring
some people up because we do need to say some people. Yeah. Yeah. If you can hear and knock me
out as co-host and bring on Dan and see if Dan can get the situation. Yeah. As that's getting
figured out, you know, Donny Shaman would love to kind of hear your thoughts on a little bit of,
you know, what do you, what are you most excited for with quantum cats? Like,
is it the evolutions? Is it just the team? Is it, is it the mission behind it? Like what's,
what's kind of like most exciting for y'all? I guess I'll go first on that one. There's a whole
bunch of things that are super exciting about this to me. I like that it's dynamic and we
don't know what is coming from that. Like we don't, I don't anyway, I'm sure that there are
these people who know what's going on with that. I'm jazzed to see if it's a cat at all at the end
of it or if it was always something else entirely to begin with. If it has some functionality within
the confines of op-cat over the course of time, like if op-cat's enabled, if these actually do
something with that. And I'm just like the ethos, we can treat a lot of these JPEGs as like sports
jerseys in a way, except that instead of just being geographically where we're from, they're like
something we choose to align with. And this is something that I choose to align with. And
actually it's funny, I just joined the discord during like at the beginning of the run of the
quantum cats thing. And it's only because I didn't even know there was a discord server. I
have no idea how I didn't know that was the case because like I've ideologically aligned with
this for a long time, but I just didn't know where to go to do it. So now like now that I have the
gear and I can wear the jersey, that's something that I think we, as the internet's allowed us to
break down geographic borders, like you don't have to be from Germany to talk to people from Germany,
you don't have to be from Kenya to have friends who live there. So now like how do we align?
Because tribally like we really like to be from somewhere, be a part of something. And I think
it's just been a default setting for a long time. But now that we get to choose it, like
we can do the shit out of that. And I think this is just another like super strong way
that we get to do that on top of being able to exercise whatever technological capabilities
we're pushing for, you know. Love that answer. It's a lot of combination for me,
like I said, kind of earlier, the team, that mission, which is kind of like,
kind of the whole quality of how we're going about this. Danny got you up on stage,
really excited to have you, your legends in the space. Would love to hear what you think
about quantum cats and also just yeah, what do you kind of see what's next for the Bitcoin
NFT ecosystem? Is it, you know, recursive inscriptions? Is it something else?
Yeah, let's hear it from the OG. Give me out, give me out, give me out. Thanks for having me up.
Yeah, I mean, I'm super excited for the cats and just knowing the team that you guys have
and the tech with the encryption and the evolving stuff. And I'm just, I think already I'm
impressed with like the amount of innovation of what can be done with an inscription,
just seeing things like recently with recursion and upgradeable stuff. And so
just can't wait to see what you guys have put together and excited for the ride. Yeah, it's pretty
cool. Yeah, what's what do you kind of see next? Do you see like, you know, with inscriptions,
you know, being able to create can create sort of, they can be built on top of each other or
reference each other. You know, that space, I think is super under explored, like some people
have done some generative art that can like generates the art based on other inscriptions,
which I think is super cool. Have you seen anything like what's kind of the future, I think
that you see? Is there anything like kind of cutting edge that you haven't heard many people
talk about yet? Because you're so on the edge of this that I feel like you've seen some stuff
that the rest of us don't even know might come out, but we might see in six to 12 months.
Well, yeah, I mean, I think you guys are pushing the limits. Definitely things with
child endpoints and SAT endpoints. That type of recursion is really cool. I also think we're gonna,
I think the progress is going to be kind of exponential, because as people inscribe more
libraries, you have more connections and complexities that can be built. And for
like one thing that's that I've been sort of looking at is these just 3d art.
Some folks have been inscribing 3js libraries, which allows for like really, really cool
3d graphics. And so I think the idea of what is an inscription, you know, we started with
the just 2d pixel stuff. And but all of a sudden, we're going to get some crazy 3d
crazy graphics that uses the graphics card on the computer, and is small enough to do
a 10k collection. And I think it's just going to keep compounding and sort of being exponential
in terms of what how cool, you know, art and not just art, but experiences that people are going to
build. So yeah, at this point, I feel like it's a huge wave that's moving faster and faster. And
I'm just, I'm trying to keep up, you know, so it's pretty cool. Could you also give the
audience like a little bit of a background on you? I mean, feel free to pat yourself
on the back here. But you know, I think, well, I know who you are. I think a lot of people here
would love to hear. I don't think they really understand how big of a deal you are. So it'd be
nice to hear you and your own voice of your contributions to the space. Oh, look, that's
very kind. But I don't think I'm that big of a deal. But I think what's interesting about
my story is coming from maxi world, where I was very much, you know, I was a software
engineer working at Bitgo. And then I went to cash app, very Bitcoin only culture was working
on the hot wallets there and helped doing the Lightning Lightning Network integration,
very much maxi land, anti NFT, you know, there's old tweets of me talking about right click saving
stuff. And yeah, but kind of when Ordinals came out, I I've always liked art, and just kind of
took the plunge because I met Casey and I was like, you know, this is a cool opportunity,
I think just being early to something, you know, and it being on Bitcoin was big for me,
because I, I do think there's there's validity to like trying to do things on Bitcoin.
Keeping things on the mother chain is really important. And just seeing
the collectors on the art side, like, really, really care about the long term sustainability of
Bitcoin. And the fact that their their data is going to be there forever. When I realized that they
how big of a deal it meant to like it was to them. I was like, Okay, yeah, ordinals gonna be really
big. So yeah, I mean, I jumped in around January, launched a little collection, the astral babes,
and then, but more importantly, sort of shifted. So at the time, I was working on the Lightning
network, doing all kinds of liquidity management stuff, you know, sell like, helping node runners
like manage their liquidity for lightning was able to kind of use some of that infra to build
a little lightning launchpad. So people can pay with their little lightning payment and get
the their inscription, which helped helped us launch the astral babes was like this,
the first thing we did. But then ultimately, we're just able to like repurpose that launchpad for
a bunch of other projects like Maven's bought his little the Bitcoin Wizards early on and the
frogs, the Bitcoin frogs were the most notable users of the launchpad, which at the time was
useful, because it was a really easy way to get that mint experience where you just do one click
and pay, and you're good to go. And it helps people early on when there were not a lot of tools,
like get these bigger collections with bigger file size, or bigger amounts to be able to
pay like offload the cost to the user, which was important because, you know, inscribing 10,000
frogs, it costs like a Bitcoin or two. And so it's really hard as a creator to front that.
So anyway, that was kind of like my early story with ordinals. And now we've gotten into we've
experimented with a lot of stuff. But have you gotten into the rare sats and sat hunting
type of stuff, which has been really fun and cool opportunity. And yeah,
Danny, I'm curious coming from that world, it seems like there's been at least from my vantage point,
which is obviously, you know, tainted by by ordinals or, you know, rose colored by ordinals,
if you will, I still feel like over the past few months, we've seen more of these former, you know,
maxis who hated these on chain JPEGs start to be like, Oh, well, you know, maybe this is okay. Or
maybe there's something there. I thought like Pete Rizzo had that great interview on what Bitcoin
did a week or two ago. But I'm just curious, from your vantage point, like, have you seen any of
that? Do you see people just digging in their heels still? Or, you know, how do you view the ordinals
community or movement in the larger ecosystem here?
Yeah, it's a great question. So I mean, initially, there was that huge knee jerk reaction,
where, you know, it was very hurtful for me, because, you know, trying to put put yourself out
there, do something new and experimental, and you have people who you've like, had dinner with
at conferences, literally calling you a scammer for selling your art. And it's tough. But it's
kind of a just, I think it's just a knee jerk reaction. Because I've said this before that
they have like, a lot of people have PTSD, you know, from some previous cycle, whether as ICOs
getting dumped on or literally some of these people that they literally were participants in
pump and dump type of things that were nefarious, like literally, and so they've come back and they
sort of assume that anything that is alt coin ish, or not pure monetary Bitcoin is a scam. And so
it's just kind of a, I kind of see it as a PTSD. But what I've seen over the last year is that
I think the the Rizzo podcast was interesting, because really, a lot of these Bitcoin folks,
they're not interested in art, they're not interested in collectibles, or online, you know,
funky meme communities, they just are not interested, which is okay. And so you kind of have that 80%,
70% of Bitcoiners that are just not going to participate, and are fine with it. And they're
actually okay with it. If you don't mind, if you don't mind, I'd like to chime in,
I don't actually believe that only 13% of Bitcoiners who hold Bitcoin only hold Bitcoin,
87% hold another coin. So if we define Bitcoiners as like someone holding a coin,
in fact, the mass holding Bitcoin, the mass but the vast majority of them actually would
be really into NFTs or something else. But I don't disagree. You're talking kind of a maxi camp, though.
I think that's a good clarification. Yeah, I think when my mind is like,
basically, you know, the people at the beef stake at the conference. But yeah, I think
what what I've noticed is the is tough, you know, people came out really hot at the beginning.
And they've all sort of walked back to like, Oh, well, actually, you know, they're not all scammers,
like, there's a couple good actors. And they keep walking back and walking back.
And when they see things like recursive inscriptions that point to other content,
you start seeing like, Oh, wait, that's pretty cool. But they're kind of in a tough spot where,
you know, they'd have to walk back on what they've publicly said. But I think it's just an evolving
culture, I do think we're on the right side of history. But it is important to stay, you know,
honest. And because there is financial opportunity here. And there's for all of us, like, we're all
we all have, we're all running businesses, you know, and we're selling experiences. And so it's
important to keep that in mind and be honest about, you know, motivations and stuff like that, I guess.
Yeah, I think we're like, to me, what's exciting is the art, the creative side. And it's really
cool to be able to put this stuff on Bitcoin. And some people aren't gonna like it. But,
you know, it's an open thing. So I think, you know, to your point about being on the right side
of history. I've been around an extremely long time where I've seen a lot of people who were in
there in the beginning, almost none of them are left. You've got various battles, ideological battles,
and things that have shaken out over time. And I've been on the right side of every single one
of them. So I have, I am highly confident that we are on the right side of this one,
because all it requires is just a basic framework for evaluating Bitcoin. Like you either,
it's not even that crazy of a leap here. It's like, well, okay, do you think Bitcoin's
permissionless? The answer is yes. And then it's like, NFT started on Bitcoin. Yep. So that's
like part of Bitcoin can, you know, that's not incongruent with like Bitcoin succeeding,
like a lot of people were okay with that. Even Hal Fitty even talks about it a little bit,
you know, so like, you know, you look at it and you're like, okay, it's permissionless.
It's good for Bitcoin, because people then get involved with Bitcoin. And, you know, high fees
were anticipated and wanted based on how the Bitcoin protocol was the, you know, the collective
Bitcoin community decided how they wanted to scale Bitcoin. And these are all very, very, very,
you know, simple things to understand and are the basis for like why Bitcoin works as it is
today. And if you look at most of their complaints, it's either they're being stupid or completely
intellectually dishonest. You know, they complain, Oh, the fees are high. Well, no,
we always anticipated fees were going to be high. And then they move the goalposts. They're like,
well, we didn't want the fees to get this high this soon. And I'm like, well, we never knew when
they were to get high. But the scaling debate was settled seven years ago. So we had seven years
to go build it. That's plenty of time. That's like a straw man. And then they go, Well, you know,
buyers of the NFTs aren't aware of what they're buying. And I'm like, Okay, so you're telling
me that the average consumer doesn't know that they're buying a piece of art. And by the way,
the Bitcoin NFT is on the Bitcoin blockchain, which makes it I think the best way to launch an
NFT project because you actually have the asset on chain. And they're like, well,
then the ownership of the NFT is a shared, shared illusion. And like all value is a shared illusion
of what something's worth, you know, so it's so funny to see these, these talking points that
they parrot because it's like totalitarian or anti anti freedom. And it's really scary too,
because then you realize like these people are never really Bitcoin people, they were just like,
very far right insane sort of people who just globbed onto Bitcoin as like an ideological
framework. But none of them really represents what Bitcoin is about. And so it is pretty
disappointing to Danny, it sucks, like I've been in space 12 years. And so for people
like call me a scammer, because I believe in someone's ability to buy and sell a JPEG.
It's pretty absurd. Alex, love your content, love the podcast, glad we could have you up here.
Dan, just quickly, if I may, I got a john q requesting, I believe in general. So whenever
you get a chance, if you could put some people down. Yep.
Yeah, I didn't mean to interrupt you. I just got a couple.
Thanks for having me up. I'm pretty excited for the quantum cats, man. And it's not because I
love NFTs, or I think they're super important. I personally don't even I don't think it's not
true. I've purchased a couple NFTs I can't buy. But I have inscribed myself, I described the avatar
you see on this spaces, I think I didn't get in sub 10k, but it's 10,888. I personally love
thinking about Bitcoin, whether it's for financial or other uses as a digital stone tablet.
That's why I love the terminology Casey came up with as inscribing.
And I love the technology that Ryndell and the team have used here for quantum cats. I also think it's
a brilliant and fascinating, cultural, and mimetic project, even not even forget Taproot
Wizards broadly, but quantum cats in particular, with op cat. And I also, you know, we've,
we've been looking at inscriptions for a long time, I think I had Casey on my podcast,
February 3 of last year. And we published a report on inscriptions and ordinals in, I think,
March 3 of 23. And I first of all have have no problem. And I'm very supportive of digital goods
in general, I, I do not think that because you can right click save a JPEG, that means no one is
likely to value them. I think I agree with Dan completely that it's, frankly, an absurd
subjective theory of value take to say that, because I think they're stupid, there must be a
scam. I don't think there's anyone buying a JPEG, you know, at scale that like thinks they're getting
something they're not. And I think ordinals broadly as a platform, but also most of the
image based inscription collections we've seen on Bitcoin are quite transparent in the scheme of
things. So I don't, I don't view them as inherently scammy, I will say it's I think it's very
reasonable for Bitcoiners to be having a little bit of an existential crisis here, partially because
I think if the Bitcoin community broadly was aware that the taproot upgrade would result in
the ability to create, I'm gonna say NFTs, but actually also a bunch of other
fungible token protocols, it absolutely would not have been activated. So I, I feel some quite in a
sense, I'm a little conflicted, because I think if you told Bitcoiners that there'd be an explosion of
non monetary use after taproot was activated, it would have been broadly opposed. And so it's
kind of funny, because you find yourself here now, though, with such a creative technological
explosion that really was unanticipated, is I guess what I should say. I want to counter that.
I mean, I have tweets back when taproot was being activated, which has thousands of likes each,
where I said taproot enables smart contracts on Bitcoin. And people, that was a narrative,
remember? Yeah, yeah, I agree. I just don't. Nobody said, specifically, this anti maximalist
category of smart contracts, right? I think nobody really said you get NFTs and JPEG collections.
But I do have a separate point, though, Dan, which is that JPEGs, even if you're, even if you think
there's a lot of spam, and you want filters, JPEGs are literally not the problem at all. Like,
if we look at the inscribing activity, what spam there is, if you want to think of it that way,
it's almost exclusively BRC 20 mint activity. And stamps, it's not even related to this,
right? And if you start talking about how difficult it is for random, you know, random
regular folks, regular people, quote unquote, or people in impoverished areas to run a node,
well, then you're really talking about the UTXO set, which is really stamps,
which is totally unrelated to what's going on here, bloating that set. So I think there's also
a lot of lack of education and understanding about the activity that's actually occurring
on Bitcoin. JPEGs are actually a tiny, tiny fraction of this net new activity. And,
and I think they're among the least scammy of the new activity. And of course,
I'm also very supportive of the, of there being many narratives around how Bitcoin can be used.
And I've always liked the idea that you could build software products on Bitcoin.
And I think the emergence of emails and inscriptions has broadly expanded and reinvigorated that entire
concept. And so it's very positive, which by the way, Taproot Wizards is at the forefront.
Really appreciate those thoughts, Alex. And I think to piggyback off of that, like,
there's this sort of emergent narrative of like, the purity of a Bitcoin transactions,
the pure way to transact on Bitcoin. But let me tell you what I've seen over my 12 years,
the beginning was full of gambling and drugs. Like that's what people were buying. That's
what Bitcoin's block space was used for. It was not poor farmers in Venezuela paying each other
for coffee. This was purely a highly speculative scam, scammy and kind of a wild space. It was the
Wild West and they're one exactly savory types. And remember, this is Bitcoin only. Altcoins does
not bring this. Altcoins didn't bring any level, new level of degeneracy. The degeneracy as they,
they like to label it always existed. Humans haven't changed at all. They just choose different
mediums. So, you know, Bitcoin's early block space was predominantly in the 2011 era,
was predominantly Satoshi Dice, gambling. That was the predominant usage of Bitcoin block space
in the beginning. So this whole narrative, they come up with, you know, this hallucination to
come up with that the Bitcoin block space was used by pure trans actors doing what they call
pure economic activity that never existed. Bitcoin's earliest usage of block space was
either for speculation or for gambling or for drugs. And that is objectively true.
And in fact, I'm actually publishing a paper here shortly where I found research papers and
they did analyze early transaction types. Then you look at like 2017, 2018, you know,
after the Bitcoin payments narrative died in the Bitcoin winter, you know, Bcash really took that
and tried to champion it. And as we see, no one cares about the payments narrative because
it wasn't solving a problem. So when we look at, you know, Bitcoin block space in 2017 through 2019,
you know, so like post 20. So 2013 Silk Road gets shut down. Then we see the price go up from
$100 to $1,200 at the end of 2013 and transactions skyrocket mainly for speculative
purposes. Then we see, you know, kind of like a lot of traffic died down 13 through 15, 16,
then 17 through 19. You know, you have another bull run happen. And that's where more unique
addresses are created, more transactions occur, mainly to support speculation.
And so when Bloomberg worked with Chainalysis, they actually published a paper in 20 or they
published an article in 2017, 2018, where they looked at how many, what percentage like Bitcoin
block space is used for like merchant transactions. We're talking like less than 1%.
So the Bitcoin was originally used for payments and pure monetary transactions for buying coffee
and other supposedly virtuous pure transaction types. That was never, ever true. And so they're
trying to rewrite history and, and label these new trans actors as degenerates. But in reality,
Bitcoin was always about that. You know, I would like to see people use it for whatever
they want to use it for. I'm not saying that there's better or worse use cases, but
their gaslighting of calling us like scammers or fraudsters are like, this isn't how Bitcoin is
supposed to be. No, I was there since almost the beginning. This was always what it was like,
like to claim that it's not as completely white white watching history.
Yeah, I actually think that's, that's quite correct. Because I, to me, I view it's more of
a discussion on the, on the Bitcoin sort of Puritan side about what it should be used for. I
think sometimes it has been used for that. I think mostly it's been used as a store of value with
relatively low activity at all, to the extent that it's been used in the way, you know,
sort of the modern Bitcoin majority says it should be used. It's mostly been a lack of
arm chain usage. But look, I mean, I would say I'm mostly ambivalent. I think the quote unquote
risks of ordinals are much less than, than its opponents say. And I think the opportunities are
potentially decent, if not huge. So I don't, I don't see any sort of problem to be solved
in opposing this activity at the moment. We did some analysis in our mid year mining report
that we published in July or August of 2023, where we looked specifically at the fee spike
from May, which, you know, many blamed on, on BRC 20s and certainly BRC 20 activity was
high. But we found that the economic transactions were, we did a sensitivity analysis and said that
the, the actual spike in fees was mostly driven by economic transactors overpaying. Right. So I
think there, now obviously there was a ton of BRC 20, which minting activity, which by the way,
I absolutely hate BRC 20. I don't have a problem theoretically, you know, with tokens. I just,
there are way better ways to do it and places to do it, including Bitcoin, adjacent places. It's
sort of impossible by definition for a BRC 20 to have any utility. There's no, there's no virtual
machine to which you can use the BRC 20 token to pay gas like there is on Ethereum. There's
certainly no on-chain Dow that you can use a BRC 20 to vote with. Right. So they're almost all
just like totally bullshit. So I don't like them. But I would also say there's a middle ground where
sort of economic transactors can do a better job of actually understanding when and how to use the
protocol to also further mitigate whatever, you know, negative externalities they think that
ordinals are causing. So I, and again, activity is not primarily from JPEGs. So like,
I think this is something to understand that there's, you know, to really know,
you got to really know your enemy, right? I don't think if you, you know, my mom's a lawyer,
she always taught me that if I can't make my opponent's argument better than my own,
then I really don't have the right to have an argument myself. And I would like to see
more intelligent discussion about, you know, the tradeoffs here, if you will,
if you have, you know, if you think there are that that's a discussion worth having,
which obviously a lot of, you know, the Bitcoin, you know, Puritan majority believes it is a
discussion worth having. Whereas, like I said, I'm pretty ambivalent. I think it's low risk,
potentially high reward at this point. And, you know, and to that extent, that's one thing
I like about the Taproot Wizards is that they, you know, you're building an L2, you're working
on ZK stuff, that the Quantum Cats project is, I mean, really interesting from the technological
standpoint. And that's, I don't feel the need to have a much more, you know, aggressive opinion
beyond that at the moment. Yeah, I think that's like a super valid, like, I would say more neutral
esque tone. You're like, look, I'm not gonna like hard chill NFTs or, and I also agree with
you, like the RC 20s are basically does meme, for the most part, there's some interesting stuff,
but like, there's mostly meme coins. And I'm not exactly sure, you know, you don't want to be
mean coins aren't exactly, you know, the, I'd say the most virtuous if you want to have a virtuous
way of conversation. So I completely agree with you on that. And art, of course, is like,
I'm not like a modern art collector, but I've got art in my apartment, and I enjoy it.
And if people want digital art, that's great. So, you know, I think that a neutral stance,
I think is like, completely valid. And honestly, I have a lot of respect for it too, because you're
so heavy in the research as well. Like, that's what I think I really respect from where you
come from on most issues in Bitcoin is you're in the weeds. I mean, you are part of Galaxy's
research side. And the amount of research you've done is probably unparalleled. And most,
you know, EDIQ plebs on Bitcoin, Twitter, they've watched four podcasts. And they're just parodying
talking points from their favorite podcaster versus like, I really respect your neutral opinion
coming from someone who does the research. Well, and if we think about like, Alex,
sorry, I interrupt super fast platform, and specifically not as an application platform,
I still I think that's a massive, massive, bullish case for Bitcoin, you know, has been
for a while, I think that narrative picked up huge.
Tyler, can you speak? Sorry, yeah. Can you hear me now?
Yep. Okay, sorry. Just wanted to interrupt real quickly. If you did not see on Discord,
we're adding two more hours to the whitelist mint window. So sit tight, we know some people are
still having issues. But again, we're working on it. Everyone who's on the whitelist will get a
chance to mint their quantum cat. And we'll keep you updated with more info as we get it.
Go ahead, Alex, I think I might have interrupted there. Oh, yeah, can you hear me?
Yep, I can hear you. Oh, my bad. I couldn't tell if I was just gonna say, like, I don't want to
diminish at all the the, you know, global digital gold, uncensorable money use case for Bitcoin.
That's incredibly bullish. And I and I think I am in the camp that if there was something that
meaningfully threatened Bitcoin's, you know, use case there, I would be concerned. I think core to
my sort of ambivalent neutral is a fair way to say it stances that I don't think that, you know,
JPEGs on Bitcoin threaten that at all. And if anything, at least not today, right? I mean,
I think I'm reserving the right to reevaluate my stance if that becomes problematic. But I don't
think it does at all at the moment. And like I said, if anything, it can be additive. I do think
there is, there are other things that I really don't like. Specifically, I mentioned VRC 20s and
stamps. Stamps blow to the UTXO said it's intentionally negative for the Bitcoin network
designed as such. So I think it's fair to say that's an attack in some ways. But I don't think
NFTs on Bitcoin are that at all. And I don't see any evidence that they're causing any problem to
this other big giant use case that Bitcoin promotes, which I absolutely believe in, right?
So I basically think it's fine. And like I said, could be net huge and positive.
Yeah, it's funny, too. Like, you know, people think that they can see this kind of linear path
towards what's going to happen in a couple of years. We've, I mean, ordinals are this very
emergent phenomenon, right? Like before that was created, a lot of people didn't think you could
defy things on top of Bitcoin. And that really moved the Overton window around the conversation.
So I think, you know, a lot of these folks are not techies. They, you know, they're non-technical.
They just kind of parrot, you know, they're not exactly intelligent. So these kind of parrot
talking points that people feed them. And so when they're, you know, those KOLs, those influencers,
those podcasters who, you know, who basically tell them that this thing is evil, they just
literally parrot that they have, they don't understand anything about Bitcoin history,
how it works. They just got drawn in by, kind of drawn in by this, you know, with like,
okay, we're going to, I'm going to, like, this is what Bitcoin means to me, but they never really
understood how it worked. Like the high fees thing, the high fees thing alone,
this is a very simple thing to understand. And I literally have the exact same conversations.
If you look at my tweets from 2017, 2016, 2018, I'm literally using the same talking points
with Bitcoin Cash people. So the modern wave of Bitcoiners are literally Bitcoin Cashers where
they're like, high fees are bad. And I'm like, so yeah, you know, we all decided that that was
going to be okay for a lot, that scalability was going to happen on L2s. So it's pretty,
it's pretty wild to kind of see them just, you know, parrot these talking points that are
literally B cash for talking points. It feels like time is a flat circle where I'm like,
how many more times do we have to address this? You know, people are like, yeah, but this, like,
African bought a goat with his Bitcoin. I'm like, that's cool, man. Right. But like,
don't make yourself, both put yourself on this virtuous pedestal versus anyone else transacting
or using Bitcoin. Bitcoin doesn't, the Bitcoin network does not care. Bitcoin network does not
care if you're global South, if you're Western, Eastern Asian, it doesn't matter. So turn a
virtue signal that like, hey, here's the pure form of Bitcoin where we, where we allow you to,
you know, buy and sell goats and quote unquote normal economic activity is just completely ridiculous.
And let's see, I got Rob up here. Let me see. I can bring up Rob on stage. There we go.
All right, Rob, you're up. See if we get there.
All right. Hey, Rob. Welcome. Hello.
Welcome to the stage. We get Alex up here, the rest of the team just chatting about
kind of the NFTs on Bitcoin. Do you find Bitcoin? Would love to hear your thoughts.
You know, by the way, everyone, Rob is the first person to blow my mind with
mini scripts where he honestly haven't had a, there's moments like that that occur
as you learn. But Rob was one of the first people to explain it to me. And I think he did a really
good job. And I feel like there's a lot of surface area with Taproot, with scripts on top of
Bitcoin that are really under explored. So yeah, Rob, would love to give you to kind of give
you background and then would love to hear kind of your thoughts on quantum cats. And let's talk
about that. Absolutely. Yeah. Very quickly. My name's Rob Hamilton. I'm co-founder and CEO of
AnchorWatch. We are a startup that is launching later this year, offering insured custody for
Bitcoin. And this is done by doing more advanced Bitcoin script to kind of secure custody. And
this is damn, when we've spoken previously, ideas of mini script is that Bitcoin script,
as it's designed, it's a programming language that Satoshi invented. I think maybe this
audience knows a little bit more than most people. When I have this conversation where
there's all these different opcodes and ways you can use Bitcoin, talking about cat, and
basically you can kind of use these as little Lego bricks to do more advanced Bitcoin
custody. So you have your single SIG, you have your multi SIG, but you also can do
things like if else statements. So you can have multiple ways of how you can spend your Bitcoin,
or you can add time locks. And so mini script is just this open source toolkit that was built by
Andrew Polstra, Sanket, and Sipa on how to actually do this in a very approachable way.
And ultimately, what's really interesting as it intersects with this conversation,
Taproot removed the script size limit explicitly with the intention in mind of letting these
arbitrary like mini script policies be executed on chain. So mini script inadvertently had this
unintended design space when it came to optimizing the compiler and remove the script size limit.
And that's how you have inscriptions today with uncapped sizes and form makers. So
I know it's a very high level kind of jumping off point, but for me, I'm a very big proponent
in people finding interesting ways to use Bitcoin script to secure their money however they want.
And I just think that for the thesis of Bitcoin's value, I think store value is that ultimate use
case of what's found network effects and adoption at this point, is using Bitcoin as programmable
money to secure and manage it however you want. Right. And that's how the network operates. And
it's kind of what's beautiful about it is that we all get to pick our own rules on how we want
to hold our money. And, you know, that's what mini script is just an enabling tool
to make it such that you don't have to be an elite level developer making custom Bitcoin script.
You can have a very straightforward application tooling that can let you do that in a more
creative way. And Rob, I mean, I would love to hear your thoughts on kind of like the NFT side
of Bitcoin and ordinals. This is a little bit more relevant to that. Yeah, totally. Happy to.
Yeah. So I've messed around with counterparty before. Counterparty is this original protocol
with NFTs on Bitcoin that came out of, I think, 2015, 2016. And it all used Op returns. Right.
And it had a different kind of model than maybe how the ordinal stuff works today.
For me, I view it as, and Dan, you've talked about this, I think speculation brings a lot of
people into Bitcoin. I think that's just naturally how a lot of people get here. A lot of people like
I got into Bitcoin in 2013 and it was at 250 bucks. And I thought to myself, I'm going to buy
some of this and it's going to accrue in value. And there were some other interesting properties
of it that since I'm a poker player, like, you know, you could use Bitcoin and poker in a way
that you couldn't use with US bank accounts. Right. Because all of the regulations around
the restriction of playing poker in America was based on the fact that you couldn't interface
with the US bank account. Right. So I think there's just inherent properties of Bitcoin that
bring people to it. It's the kind of transactions. I never used the Silk Road. A lot of people got
their first touch with Bitcoin was on the Silk Road. Right. So they find these interesting
ways that make Bitcoin unique. And for me, ultimately, like when it comes to NFTs,
I view it as people doing equivalents of like trading cards or, you know, the instantiation
of like a picture of something. I think digital art is legitimate because value is ultimately
subjective. Anyone who is a, you know, of a like, let's say Austrian minded bending would say that
that there is no objective utility for every single thing. All value is subjective. And so
some people enjoy the creative mediums of doing things for the sake of like doing it on chain.
And I think using Bitcoin as a canvas for these transactions, I think is really interesting. And
I know for what was done with the, you know, the quantum cat's drop, I'm buddies with Rindell.
And we've had a lot of conversations around the amount of upfront work that was required to kind
of do these pre-committed transactions and being able to kind of set this in motion where you
can have these recursive pointers going. And I'm not super deep on the technicals of ordinal
theory, but understanding that you basically had a whole bunch of stagings of pre-commitment
transactions that had to all be done upfront, right? And it's a really, it's a really interesting
thing because it brings all of this different design space of like transaction malleability,
where if you had a bump of fee, then you change the transaction IDs. So Rindell had to pre-commit
to all the fees that he was ever going to spend to get these included in the blocks.
And I think it's actually a really funny like wink and nod to the performance art of like
covenants on Bitcoin, that all of this could have been done in a much more streamlined way
if we had covenants. Now I've also seen when it comes to, and this isn't directly NFT stuff,
but just talking about the op cat stuff, using op cat for covenants, it technically can be done.
Huge shout out to Rindell, who actually went and implemented Andrew Polter's blog post,
which I think previously no one had actually done. It was just like a shower thought of his,
and you can do these restrictions, right? And how you can Bitcoin. And for me,
like the NFT movement on Bitcoin, I recently listened to Pete Rizzo's episode on what Bitcoin
did. And he had this point that like, it's a validation of what a lot of people have been
saying in Bitcoin for a very long time, that anything that people are doing on these other
chains are going to ultimately come to Bitcoin. And the way it's done in Bitcoin, Casey Rotemore
did like inscriptions and ordinals in the most Bitcoiny Bitcoin way possible, right? His objection
was all of these NFTs on other chains were actually just centralized servers with like
little token URL pointers. And with like the way inscriptions work, and the whole theory around
like how this stuff should be viewed, Casey kind of planted the flag on and everyone's adopted
up to this point within the ordinals community, is that the data has to live on chain. Like you can't
reference point it somewhere else. And I think that's a really powerful concept that any file and
data that you want could live forever, right? And whether those are cat pictures, or whether
those are like people that are uploading like 3d gun printing, people are putting up WikiLeaks
cables, it's this idea that Bitcoin, anyone who believes in Bitcoin would say that this is like
the most important blockchain, it's the one that's going to persist for the longest, it has
the most people running nodes on it, there's enough economic activity incentivized to keep
a copy of this node around. And you're able to put this other data in there, in a way that
let's just say that isn't originally intended, but it's emerging these other properties and use
cases, right of being able to have data parked. And I think that's an interesting concept to be
able to have an ability to make sure that I permanently will have access to some sort of form
of data. And today it's taking the picture like the form of NFTs and pictures, I just believe that
as a design space that this can evolve over time to be much more useful things. And even if you
don't like the, you never don't like NFTs and JPEGs, like the idea that someone can like put
a message out there, or like put a WikiLeaks cable out there and no one can censor and stop it,
I think it's a very powerful concept.
And Alex, not sure if you're still up on stage, wasn't sure if you had a few comments on that.
By the way, let's see, we got the Jameson coming up here soon, and a few more speakers. And then
we should have some updates on the mint process team is kind of looking into a few issues,
and they'll report back here shortly. Yeah, and just and I do have to run in a second. But
to Rob's point, you know, I mean, I think this, Dan, you made this point too about was a Paul Graham
that had said has the thing about the things people play with on the weekends become people
things people use in the future. You know, whether or not like JPEGs and NFT collection broadly or
PFPs or whatever else, like become the thing, like this is advancing technology, in my view. And
and I will say some people were dunking, I've seen some people say like, Oh, my God, like,
look at the crypto kiddies floor. Well, look, guys, the crumb squiggles were the first
generative art on on Ethereum, and they they've held their values quite well.
And generative art, which I think, by the way, Quantum Cats qualifies as has a long history,
it was not created blockchain as block public blockchain for the first ways, really,
the generative artists were able to actually monetize their, their content and artwork sort of
beyond simply the first sale, they used to sell these as prints and hand the buyer a giant print
out of the code that made the item now with like art blocks, they put the code directly on the
chain, right. And this is why like, when we, when I criticize NFTs, and I'm a noted critic of them,
I've gone after moonbirds and board aches and many big collections for a variety of reasons,
including the fact that they don't actually sell you anything. It's one thing I like about
projects like art blocks, where the code is on the chain, you are literally buying the code,
or most inscription and ordinals projects where the data is on the chain, and it's not linking
to a broken IPFS link, or some of them were using injure to store their PFP images.
So I like that point a lot, first of all that, and who knows how this can be used, that's what's so
interesting about quantum cats is that it's using a range of new technologies, both in the ordinals
meta, but also on on Bitcoin. And, and then also the idea that, you know, a lot of critics of
NFTs use, it's just not true, there are old, more innovative collections that hold their that
have held their value. And they, you know, in what I will admit is a relatively short public
blockchain history. But they they have like, so I think it's just not true that all NFT collections
have gone to zero, go to crypto slam and look at the floor prices, even ones that I don't like,
like board apes, which I think are absolute dogshit, like have not have held have held
significant value. I don't think they should. But that's my subjective view, the market
disagrees. And who am I to say, hey, good luck with the min everyone. I'm not on the white list.
I'm not collecting the cats. But, you know, good luck and fortune to all who do and
congrats to the Tapper Wizards on the min and the project.
I appreciate you, Alex. I had some troubles. I switched from Wi-Fi to regular cell service.
Hopefully that fixes things moving forward. Dan, you did say about any updates. I don't
know if you mentioned it here. I was having problems with the spaces. But in any case,
the white list min is extended two hours. I believe until 4pm. I'm assuming if that
doesn't work, that will be further extended. So for anybody that was worried that we're past
the 2pm Eastern standard time, min window for white list that is extended till 4pm Eastern.
So two hours post your local time. And I was able to bring up Jamison and Jen. So Dan,
if you want to go to Jamison first. Yeah. Yeah, Jamison, love having you up here. You know,
we're going to talk a little bit more on the technical side. You know, you've been around
almost longer than anyone else that I know in this space. You know, what I think what I'd like
from you is like, you know, how did like when I want to touch on culturally, what was the early
Bitcoin culture like? Like, were they would they be open to like NFTs or would they be kind of
offended by them? And yeah, I think you have like a good perspective because of how long you've
been around the space. And also like, if you haven't been to lop.net Jamison's website,
I definitely recommend you go. He's got a huge amount of resources on Bitcoin education. And so
yeah, Jamison want to punch it over to you. Like, where are we now versus like, where were we
were back then culturally? Yeah, I mean, there have been a lot of narrative shifts
over the years in the very early days, especially before Bitcoin really had much
value or was, you know, traded in many places. It was mostly the really nerdy technical folks
who were just playing around with it, trying to explore the possibilities. And so, you know, we
kind of have come back full circle now to, you know, the sort of counterparty protocol type of
things of just trying to do other tokenization on the blockchain. And of course, now with more
advanced scripting, we can take that even further. I think it's interesting. I mean, you've already
you've noted that there can be friction and rifts between the different cohorts of Bitcoiners based
upon what year they came into the space and what the prevailing narratives were at that time,
because people tend not to go back and learn history. I've tried to categorize and catalog
history, at least some of the more important points that I think people should know about.
Pete Rizzo has done an excellent job and continues to work much more on that front than I have.
But, you know, I'm a technologist. I got in from the beginning because I found it to be a
fascinating technology. And, you know, this is a distributed database with some very interesting
properties. One of the things that really amuses me, you know, when I see people pointing out
different use cases of what's being built on Bitcoin and you're calling them scams or saying
they don't have any value, so on, so forth, is that a lot of those arguments are the same
exact arguments that no-coiners make about Bitcoin itself. And if you think about it,
you know, Bitcoin doesn't inherently have value. I mean, I think a lot of us would agree that
there is no such thing as intrinsic value. The value of Bitcoin comes from the fact that
a certain subset of people in the world look at the system, realize that it has properties that are
interesting or valuable to them, and then they engage in economic interactions with each other.
And that's what creates and grows the network. And then thanks to, you know, I guess the laws of
network effects, you know, the value of these entries in the blockchain continues to grow
because of the scarcity of block space, you know, supply and demand. And so up until this point,
Bitcoiners have mostly been agreeing with each other and economically coordinating
based upon the rules of the base protocol and just, you know, sending satoshis back and forth
to each other and holding them. And that has been the primary use case that has been driving the
value of Bitcoin over the years. Though, you know, even the narratives within that have changed
between, well, is it really more for a medium of exchange or store of value? We have multi-year
debates and even splits and forks over that. But now I think what's going to happen and is
already happening and is really what is so contentious is that, you know, people are coming
up with new rule sets. You could call them meta protocols. And it's the same as any other network
of rules, really. And that if you want to opt in to believing that there is value in whatever these
other rule sets are, then you're free to do that. And if you don't like it, if you hate it,
if you think it's stupid, then you don't opt into it. Now, of course, there's some friction here
because there's a scarcity of block space. And so we are, in a sense, competing inside of this
one ecosystem to see which of these rule sets and utility functions has the greatest amount of value.
And I suspect that a lot of them will not hold up to the test of time. But one,
there's a million different ways that you can look at Bitcoin. But one of the ways that I really
think is great is Brandon Quittum's Bitcoin as mycelium, thinking of Bitcoin as this kind of
living organism. And I see the evolution of the protocol and the uses of the protocol
as a sort of pathfinding towards the maximum value of the network and the blockchain.
And that we will continue to experiment and try things. And whatever things have the most value,
I think are objectively good for Bitcoin because the more value that is held,
stored, transacted with the protocol, the network, so on, the stronger Bitcoin gets.
You know, it's a virtuous cycle, even if some of the more virtuous signaling people
may not like the way that the pathfinding is going. So I think I have some similarities
to what Alex was saying in the sense that I'm not particularly invested or spending time
staying on top of all of these new use cases and functionality. But from a meta mile high view,
I'm interested in it because I want to see Bitcoin continue to evolve and grow and become stronger.
Yeah, I think that's, you know, again, like your sort of neutral take that
Alex had as well, I really respect a lot. It's just more of a, you know, you're like, look,
it's sort of like a free speech argument. Like I may not agree with what they have to say,
but I agree and will fight for the right to say it. The things that emerge from
that free sort of surface area to say whatever you like or to transact with whomever you like,
with whatever you'd like to buy, whatever you want. That's the whole point of Bitcoin.
And so at a minimum, you know, I feel like people, if they don't have a neutral stance,
to me, that indicates that they are not libertarian, that they do not uphold the
values of Bitcoin being permissionless and that they believe that they reserve the
arrogant right to weigh in on what they believe is a legitimate transaction or not.
I mean, it's so silly, right? Like they're like, oh, the quality of these JPEGs are low. And I'm
like, yeah, so do you walk around like your parents house and call out different things
you don't like about what they bought? Like the pick flamingos in the front lawn, you know,
oh, they bought like a, I don't like the sandwich meat that you bought. That's a scam. Like you'd
be a fucking douchebag if you're walking around saying everything's a scam, just because it doesn't
have some sort of invisible subjective line that you consider to be quality. Like there's one thing
saying like, I don't like JPEGs, but you guys go for it. And it's another thing to be like,
I don't like JPEGs, it's a scam. I think that's where it crosses the line of like,
those people claim, Oh, that's just an opinion. I'm like, that's not an opinion. You're saying
that this is not a legitimate market activity. And I completely disagree with that framing.
Wayne, we've got you up on stage, fellow Austinite here. Welcome.
Howdy. Yeah, based on the last kind of back and forth they had with James.
Check, check, check. Hey, can I rudely interfere? Of course. Your hoodie works tires. I mean,
you can do anything. I mean, look, people do like my voice, my, my odd foreign accent.
Look, guys, first of all, everyone was on stage and has been participating in this discussion.
Thank you very much. Thank you for everyone who's in the audience for staying with us all
of this time. We know that this is not the main mint experience that we expected for you
and that you expected it from us. And we're sorry, because things are just not going right.
We decided we're going to postpone the rest of the mint until tomorrow at the same time.
That means we're going to start tomorrow at noon Eastern. We're going to start the whitelist
period again tomorrow at noon Eastern for the same two hours that we plan to do today.
Anyone who did manage, and that's actually a lot of people, even though the website sadly
did not work for a lot of people today, there's still, I think, a thousand people who managed to
mint their cats. So every single one of those people will receive their cats. There's no action
required from you if you made a transaction that's confirmed on chain. That means you're going to
get your cat the next day. So it was supposed to be tomorrow. It will be the day after that,
but your transaction is registered. Your cat will be delivered to you. Nothing else you need to do.
If you're on the whitelist and you were not able to mint, you will be able to mint tomorrow. So
anyone who was promised a whitelist spot will be able to claim it tomorrow. We're really sorry
that you didn't have the experience we wanted you to have. I know that people have been
waiting for this for a few hours today. I know some people have been waking up early for this.
We really apologize. We really appreciate it that you took the time to do this with us.
Look, it seems that a lot of people really like the cats and we didn't account for the
amount of traffic that we're going to have. So we were caught by surprise a little bit,
and we're sorry about that, but you will get your whitelist spot tomorrow. So again,
thank you for bearing with us. We're also going to have the public
phase tomorrow as planned as it was supposed to be today. We're going to do it tomorrow at the same
time, meaning it's going to start at 3 p.m. Eastern. So 12 p.m. to 2 p.m. Eastern is going to
be the whitelist period. Then we're going to have one hour of a break, and then at 3 p.m. Eastern,
we're going to start the publicment phase. Again, anyone who managed to make a payment
that's confirmed on chain today will get their cat. There's no extra action required from you.
The funds are safe. Everything is fine, and anyone who was waiting and wasn't able to
make a transaction will be able to do it tomorrow at the same time.
Look, that's just the way it is with those cats. They're very elusive.
But yeah, I mean, I don't know, English, were you able to meet your cat?
He's going to think about it. No, no, no, I was multitasking. I was multitasking a bit too.
I know, yeah. So no, I wasn't. I do have some people that were able to mint. I heard here and there.
I see Ordanley had an error where he minted five, but none. I don't know. He just said
he was trolling you, which is pretty funny from if you know Ordanley. He's like,
Udi punished me for minting five cats, and it really wasn't five cats. It was an error in the UI.
Yeah, but so apparently there's UI glitches, but if your funds were taken out,
there's been some glitches. Yeah, from a UI perspective, right? So like,
don't really count on what the UI is telling you. Just go for like, what?
Definitely. So what I would say, again, if you look at your wallet, what I would do if you guys
try to participate today and you're not sure if you managed to mint out or not, what I would
recommend is look at your wallet. If you saw a transaction coming out of your wallet,
you're good. That means we received it. You're good. You're going to get your cat automatically.
You don't need to do anything. If you didn't, then yeah, come back tomorrow to the whitelist
mint and you'll get a chance to mint. We're also going to work on giving you guys visibility
so that you can see which addresses got which cat, but that will take us a little longer.
But we're going to try to get this out before tomorrow so that everyone can be sure that their
transactions were recorded. All right. So if it says that you minted five cats in zero,
BTC was taken out of your wallet. You're not getting five cats, just to be clear.
Yeah, absolutely. If the website told you something weird, like you minted five cats or 500,
that's not true. The only thing that's going to count is if an actual transaction left your wallet
and that would mean that you successfully minted. And again, we will publish a list
for this and hopefully later today, you'll be able to go into the website too and see
if your transaction was received and which cat you're going to get on Wednesday.
All right. But yeah, I just want to say again,
of course, we really apologize for this. I know this is not the experience people were expecting.
And I just want to thank everyone for sticking around for all this time. I know this is
a busy morning for a lot of people. I know it's the middle of the night for a lot of other
people. We really appreciate it. Yeah, you know, one more day, one more day and we're
going to get our cats. So this is the kind of thing that we're going to tell our children
and grandchildren. They're going to ask, hey, have you been there for the
quantum cats men? And you'll say, yes, I've been there twice. It's going to be great. So,
yeah, yeah, it's by tomorrow. We'll get it working for you guys.
What is Rindell's punishment for the minute not being finished up today?
Usually what we do when people do a good job on the team, we fire them.
And the punishment is usually that you have to stay on the team. And I think that's what we're
going to do with Rindell. English, you're fired, by the way.
I'm realizing there's a thousand people here. That's my way of like giving him a compliment
that he's doing a good job. That is Taproot wizard policy. 100%.
Udi, that was a question for you, boss.
Sorry, what was the question? I didn't hear a question.
We've been doing the spaces for about two and a half hours. We've thanked everybody. I'll thank
them again for tuning in. All the people who have came up here have chatted. Dan, I don't know if
you wanted to still talk about everything. I just know that we want to be respectful of everybody's
time and obviously they've bared with us in terms of the Mint and hanging out with us.
And we do appreciate it. Just saying if we want to call it rap soon and if we're going
to run back the spaces at the same time, 12 o'clock, are we running everything back spaces?
Mint, Tuesday? Yeah, we're basically running everything back.
We're definitely going to wrap this up because I know people spent a lot of time here.
Exactly. We're going to do it again tomorrow. We'll have another great roster of guests. It'll
be fun. And yeah, just same time tomorrow. And you know, eventually you're going to have a cat.
All right, sounds good. I'll give Dan the final words. Thank you everybody for coming out. Thank
you for bearing with us. We do appreciate your time. All the listeners, all the would-be
mentors, all the people who have came up and added value and either a laugh or good information.
Obviously Jamison, fantastic. Everybody else that came up here, even Bongo, we appreciate you
coming on and talking about your tortilla fud, all that other stuff. Dan, thank you so much
for helping me out. Clutch, I was having problems earlier. I'll give you the final words and then
we'll call it a day and see everybody back tomorrow. Dan, that's your cue if you're still
available. If not, I'll play us out with some jams. I think just to wrap it up,
everything's the same, basically a copy paste of what today was.
Glad we could have all the speakers up on here. It was a great discussion.
And yeah, thanks for participating. One more day and we'll get the mint done and then
the cat. We're getting the cat out of the bag.
Cat's out of the bag. It's out of the bag and into the wall. They're very insistent cats.
They have their own moods, but look, this isn't even their final form. I want to remind everyone
that what they look like today is not what they're going to look like forever. There's a lot of
revolutions in those cats yet. If you think they're causing problems today, just wait and see.
You haven't seen anything yet. The story of these cats has only just begun.
So yeah, I think with that, we can wrap this up for today. And yeah, same time tomorrow,
you can see the tweet at the top with all the details and we'll see you tomorrow.
All right, fantastic. You heard it here first. Udi's still cooking.
Yet to be seen what these cats evolved to. And I've learned anything. Don't let Udi cook.
He's always up to no good. So we'll see what's going on. Thank you again, guys.
We really appreciate your time. I'll play us out with some Taproot vibes.
I'm going to be swimming outside like y'all friends and bring them along, jump in the
middle. Who the what is my behind this? Who the enemy or was it that's on the road?