I was livin' the dream, now I'm on web three
And it is what it seems, top in the pyramid schemes
I'm tellin' ya, I sell you a percentage on Nebula
Shout out to Vince, yo, set it up
Surfin' on the web and I'm shootin' at three
I've been goaded when I got my G, I'm an alien boy
From a different planet, yeah, so I got my drink
I'm ridin' in the 1920s, Model T Ford.
Call me Levi playing on the keys, boy.
And I'm about to put my gloves on.
If I said it, then I meant that.
Crash that whip for the drumsticks.
I'm about to get them all.
In a white boat, surrounded by blue.
I want one, but I got a cop turned.
I want to fly high in the sky, arms out wide, trying to soar.
You're a bird's eye view.
I'm on fire, Ricky Bobby.
Cracking the pavement, Whitney Bobby.
I'm a Saki bomb, Hiroshima, Nagasaki.
Bruce Wayne been a dog, and I keep it 101,
because I'm feeling kind of spotty.
Zipping on some rock, and I'm sipping out octane.
The only thing around my neck is the blockchain, bitch. Now I got coins. I see where y'all go. I'm on web 3, and it is what it seems, topping the pyramid schemes, I'm telling you, I'll
sell you a percentage on Nebula, shout out to Vizio, set it up.
NFT, Twitter, blockchain, see them with the ghosts and we bought him like the bronze age.
We can make a trade, get the memo.
Reviews not falling for the FOMO.
Listening to Coffee with Captain.
You know we were a wide day loco.
I ain't never gonna stop rapping.
Orlando, yeah, we working magic.
We rocking Ethereum entities.
I just went and caught me a half bass
Man, I gotta shout out the 40
GM, GM, drop us a GM in the chat down below
Go give us some love on the space up top
We'll get rolling here in about 30 seconds
Two, I was livin' a dream
Toppin' the pyramid schemes
I sell you a percentage on Nebula
Shout out to Vince, yo, set it up
Breakin' them all the truth, one Butbula Shout out to Vince, yo set it up Breaking them all the truth is why
But they got knowledge to move son
I'm shocking in shades with my brother in shoes
Yeah, them blues is coming
Even though it's hard to pick, any mighty mo
Soda on the mix, no biting lips, it's time to go
Index number one, no thumbs up, you gotta scroll
Looking at the ghosts in studio, it's time to go
Had a helmet on by myself until I met a mask that wanted to have a face off
Had to bring my chainsaw, full ticket gas and a bribe with my brakes off Welcome to Coffee with Captain, powered by ApeCoin, where we dive into all things crypto,
NFTs, web-free, and cutting-edge technology.
Remember, nothing here is financial advice.
Early-stage tech can be exceptionally volatile and risky.
join Cap and Steve for today's conversation. Welcome to the future. Welcome to Coffee with
Captain GM, GM. Thanks so much for joining us. If you haven't done so already, do us a favor,
drop us a GM in the chat down below, then head up top, score to the right and smash that like,
repost bookmarks on today's space. We would greatly appreciate it. Got a special guest coming up at
nine. Basement Ron going to join us
talking Unicorn Fart Dust.
I like why we would appreciate
you know, warming up the app room
and letting the algo know we're here.
I was blown away by the support
the Unicorn Fart Dust community last night.
Haven't seen that sort of
from basically every PFP in the ecosystem,
giving us some love. So didn't go unnoticed, greatly appreciated. Nevertheless,
X can be finicky at times, so would appreciate any and all love and support on today's spaces
link. That's again, up top, not all the way to the right, but one in from the very right
is today's space. I also pinned up top the Yap referral link.
If you haven't set that account up yet, don't be sleeping on
that. And as well as always,
the mobile link for StreamDrop is also
up there. We will fire those up throughout the
show today for those that play along.
As always, I'm Cap Joe. I'm a co-host. Steve. Never any financial
advice on the show. Crypto is risky. Meme coins are risky.
Except for Unicorn Part Dust. That's on a moon mission. I kid.
It also can be very volatile. Please never
put any money in. You can't afford to to lose and don't take any financial advice from us
we're not financial advisors but here to help hopefully gain gain uh some education some
information along with all of you and have some fun along the way gm steve how you doing sir
gm doing well uh appreciate everyone throwing uh coming through early uh this morning as we get
this thing warmed up as cat mentioned likeweet, comment on the room below.
Dobbins, Maria, Drew, Joey Vowles, Law, Riz, Brian, Dwayne, Mel,
screenwriter Dave Kapow, all of our good friends out there.
Peace Frog, excited for the day.
As a reminder, we are brought to you by Ape Chain.
If you are not familiar with Ape Chain, it is the place to ape.
We're playing around on there. A lot of really, we talked about all the fun NFTs that
we're playing around with on there yesterday. There's some games there, Battle Plan, Chimpers
is launching. So it is our title sponsor. Check it out if you get a chance. But Cap, I am, I don't
know. I'm excited for this one today. I'm excited to talk to Ron. I know, as you know, I probably need to cut out around 930 today for some doctor's appointment stuff.
So probably need to get to step in on that once we do that.
But I'm excited. I mean, we have a lot. I'm actually fine.
You know, I want to get the room warmed up.
So like retweet, give us a bookmark out there if you don't mind.
But I feel like we have a lot i was gonna
say we might just have to blow right through the cold open because we've got we've got crypto as a
national priority i know we had a conversation on this very show how i thought crypto might end up
being a pivotal point in the election i'm not sure if that had any ultimately any bearing on it or not
but i'm candidly i'm kind of blown away by what we're hearing in terms
of executive orders coming day one. I mean, even simply the statement, Trump came out yesterday
and said crypto is a national priority, was not expecting that. And that gets me excited.
We had Phantom with a massive $150 million raise yesterday to $3 billion valuation.
Anime TGE got announced. And I don't know what else on your tick list.
But yeah, I thought we might this morning might have to be it's a busy news day.
Yeah, abstract rewards. I mean, that was another thing that I was really excited about when I saw
how they're doing that. I think they're doing it really smart. I think we should talk a little bit
about that as well. I think we can probably fly over on a couple of them as we start to get going.
I think the easiest one to hit quickly as we get
AnimeCoin. So AnimeCoin has a date.
They said January. I was kind
of surprised. I did not think it was going to be a January
launch. I'd asked a poll. A lot of people thought it was going to be
like, you know, sort of like
potentially just based on the fact that January
with everything happening so
abstract launching but abstract obviously not having a tge right off the bat so they probably
got a little bit of time there um hang i'm sorry i didn't mean to interrupt no no it's fine go go
do you think that do you think some of these brands have have moved up their plans to time
it up closer to inauguration like do you do you think we're, like, it just seems like we're seeing a fury
of ones that have been talking about tokens,
have been talking about things for a while,
It seems like, like, I'm running out of fingers
to count the ones that might hit here
Do you think they're attempting to
kind of drift off the momentum of the inauguration
I think they're just putting them out
when they're putting them out.
But, I don't know. It them out when they're putting them out.
It probably has a lot to do with investors.
I think there's a lot of factors that go into that.
But yeah, anime is dropping on the 23rd.
Time is a flat circle at this point as we barely, we just live here.
I think it's next Thursday.
But next Thursday, AnimeCoin drops.
Again, one of the things that has surprised me about this one, and again, we can hit this on the flyover.
I don't think we need to go deep on it.
But, you know, I'm very transparent about my moves,
the things I do on this show.
And one of the things I talked about was I acquired some beans
Now, my beans are above where I bought them.
I believe all of them are.
And I also acquired one elemental. So, you know, that's not a small amount of an Izuki bag that we had going into this thing. And my thinking was there will be a ripper going into the TGE,
and then I can sell off maybe a couple of the beans, keep a couple, play both sides of this
thing, have some optionality. Because, you know, I want to talk a little bit about this airdrop where I have no idea how this airdrop is going to be allocated.
But I'll pin to the top of my tweet where I did a little bit of chat GBT math, which is very, very, very wrong and not accurate, but just a base case. My surprise that I'm running into is I didn't expect that we wouldn't see a absolute like
ripper run up going into this thing.
Like basically, you know, yes, they've had a run up from a couple of months ago.
I know people are like, hey, I bought two months ago when, you know, they started talking
And, you know, like, you know, even on our show bought it months ago and, you know, that
they've seen it rip up since.
I know you had your beans that were 0.3
that you didn't famously buy in your cart
probably like three months ago or two months ago
So I know that they've run.
But I guess what's surprising me
is going into the Pengu airdrop,
we saw an absolute face melt on Pudgies and Lil Pudgies.
And ultimately, they ended up going back down.
Elemental, my Elementals, like, if I sold it right now,
it'd probably be about even from where I bought it
I don't know when I bought it exactly.
And then my beans are all up,
but not as much as I anticipated.
I'm not trying to be greedy here,
but I'm trying to debate here
whether I just roll into this TGE,
and see if it has those valuations.
I pin to the top based on,
so this is not how it's going to work.
Zuki is a whole collector score.
I can't make heads and tails
of like what numbers are going to be.
to find out what each one of these,
based on the 37.5 distributed to community, based on the total token supply at various market caps,
what would they be paying out per Zuki, per elemental, per bean?
if this thing's at a $750,
$1 billion market cap right off the bat,
I'm actually relatively close to even to what I would get to sell now.
So I don't know if this is the market baking in that market cap or if it's just...
Wait, wait, wait. Just so I'm clear.
Are you saying that just the token would be worth it or like the...
So you'd have the token plus the current floor price,
which you're expecting that to dip post-TG, I'm assuming.
So basically, right now, at a $1 billion market cap,
if they were doing it this simple, they're not. not again azuki is a whole collector score with badges so there's going to
be a lot of factors that go into this airdrop if they were doing it based on a general guest
distribution of 70 of that token goes to an azuki uh 20 goes to an elemental 10 goes to a b to goes
to beans right and you take the total supply of those things
and you pump them into the amount of tokens
and you pump that into the 37.5 distribution.
The math that I pinned above
is roughly what you would get per NFT.
Now, again, this is probably wrong.
if anime comes out at a $1 billion market cap,
which is about half of what Pangu is right now,
it is plus EV to buy an elemental or a bean or an az is right now, if it lands there, it is plus EV to buy an Elemental or a Bean
And, you know, the actual money that you would get airdropped is worth more than the NFT.
That's why I'm starting to worry.
I'm like, all right, is the market pricing in, you know, this being a $500 million market
Obviously, my math is not correct because there's sort of rarity things that are involved
But it's just interesting because I expected a pushup because there's sort of rarity things that are involved there as well but it's just interesting
because I expected a push up
because usually they sort of bake in the token price
based on the math that's above
which again I'm not saying it's correct
then everything I own is plus EV right now
if it's at 1 billion or above
and right about close to even at 750 million or above so it's like I'm in this con right now if it's at 1 billion or above and right about close to even at 750
million or above. So it's like, I'm in this conundrum where it's like, do I sell pre-TGE
just to lower risk of exposure thinking it might be worth less? Clearly the market isn't that
excited about the coin drop because if they were, we would be seeing these, you know, flying off the
shelves for people to claim it. So I don't know, Like, I feel like I'm in a little bit of a pickle here.
And my inclination is I'm going to sell some stuff pre-TGE.
But I guess, like, my point being, like, I guess I'm fascinated that they announced
that it was happening in January last week.
They announced the exact date today.
Usually those are catalysts for people to run to say, all right, this is it.
This is the final countdown. Got to shop. And we're not seeing that as much. So I don't know.
Am I, am I crazy here? Am I, am I, you know, just, you know, Zach Gelf and Zach is with a bunch of,
a bunch of math going around my head. Like what's going on here?
Well, I wonder if, I wonder if it's just, if the market is just, because it is so much as we were
just talking about, there's so much coming. I wonder if it's, if it's, you know market is just, because it is so much, as we were just talking about, there's so
much coming. I wonder if it's, you know, some sort of an impact of fragmentation, of fragmented
attention and liquidity. I also did see, now I'm not deep in that ecosystem, not in that ecosystem,
but I did see that there was, you know, there was actually some people dumped into bids and
thinking there was a misunderstanding or some
people apparently thought there was a snapshot which i'm my understanding is there's no snapshot
it's going to be a claim you know at the time of tge but i i saw i think it was a whale had a post
that a bunch of people sold off thinking they had already already hit the snapshot and they could
they could liquidate the nfts but i don't think that's the case no there's no snapshot there is a
uh just a uh no snapshot at all.
It's going to be just like Pangu, as I understand it.
Sanza put out a video yesterday saying as much.
So, yeah, man, I don't know.
I'm kind of in this like little bit of a pickle because I thought the pickle that I was going to be in was do I want to let go of these things at, you know, 2x the price that I bought them for or something.
And the pickle that I'm in is very different.
It's do I sell these things effectively at cost?
Is the coin going to be worth less?
Because always, almost always, a coin claim is worth less than an NFT, right?
So outside of like, you know, basically, you know, the ape airdrop.
So I'm just sort of in this like, again, I'm in a bit of a pickle.
I think I still might divest a couple going into it.
What's your long-term plan?
Are you wanting to hold one, multiples, like post-TG,
as far as just, like, the NFT itself?
Was it purely a play, like, either a flip or a token play?
Or are you planning on keeping at least one of the NFTs?
What's your thoughts long-term?
My plan initially was that I was going to keep an Elemental and a Bean.
But now, I don't know, man.
I don't know exactly anymore.
And I'm going to make a decision this weekend, basically,
exactly what I'm going to do.
But I'm kind of at a loss.
I'm not exactly sure the direction I'm going with this thing.
And it's one of the more confusing TGEs because there, you don't have the,
it's like a lot of people are saying like,
well the run-up already happened.
The run-up already happened.
And I keep trying to say like,
When Pengu got announced and it was coming,
it started to rip as it got closer.
It absolutely melted faces.
We're not seeing that same sort of activity here.
We'll get Joey in here next. I, my thought is is i and this isn't the fud anything at all i just wonder
if it is entirely priced in and we see post dge floor prices drop back down to levels where i was
looking at it at like you know 0.2 on the beans i think i think that'll happen joey yeah guys yeah
so i i'm kind of looking at this from like a, uh, like a comparative situation,
right? So like pre TGE low pudgies consistently were above like one ETH, like maybe even
probably around like 1.25. Um, and then when the token got announced at art basil,
they immediately started to pump.
And they did about, when it was all said and done, if I remember correctly, they did about a 3X.
They topped out around like 3.75 maybe.
I was going to say it was like 4 ETH.
It was about 4, I think they topped out around 4 ETH and I got mine for 1 ETH pre-Art Basel.
Yeah, so you figure, okay, so they did maybe maybe a 4x right
now beans pre beans pre before all this excitement were about 0.25 now they're they've topped out
kind of close to like one eth maybe 0.92 i think is what it. And now they dip back down to like 0.84 or something like that. So from like a, a comparative perspective,
they did a three to four X where they were before all the excitement
Joe, you have told me in no uncertain terms in the war room that you thought
that beans had a chance to get to like two ETH.
Like this was a, I, I really did.
I'm, I'm again, I'm not not i'm not an expert at this stuff but i really
thought based on what we saw with pengu and the liquidity injection for magic eden that i really
did think beans could get well above one e i'm surprised that it the only collection that's
really moved a lot is the main collection which i think to your steve goes back to the point of
this collector score which i think is making things difficult for people to play the tge game
because you can't actually wonder if that's actually having a bigger impact just like
we don't know it's confusion and leading to more like paralysis by analysis i'm speaking about
myself here yeah i agree 100 it's not as simple as the Pangu, which was,
you know, we didn't know what we were going to get, but you got 105,000 Pangu or whatever it
was, right? For a little and whatever you got for a big, it was really simple. This collector score
with all these badges really makes it difficult to understand like, if i just buy a bean on the floor
what am i going to get versus if i'm buying an elemental that has three badges or so i agree it
while it's cool and it rewards collectors really it rewards whales at the end of the day which
azuki is all about the whales because that's what's helped them survive through all of this
but it does make it a little bit more difficult.
Like I went out and bought an Izuki elemental with a skateboard specifically because it got me a badge because it had a skateboard.
I don't even know if buying it is going to make a difference because I don't know what that skateboard badge is going to get me come TGE.
So Cap, you could be right. All of this,
all of this math robotics, is that what you say? Math robotics could be causing people to not want
to get in because they don't know what they're going to get. Joey's a mathlete with his
macrobatics. I like this. Um, no, I just, I, um, I, I, I, I guess. yeah. And that's what it comes down to is that, you know, I guess like the surprise to me,
Like people are saying like it's run up, but like we really haven't seen traditionally
the run up in NFTs before an airdrop happening like months upon months upon months.
It's usually that violent run-up right before which again
I thought may be the case but certainly wasn't so at least for my money like there is a good chance
like that I am man like I hate to say I'm a seller because I want to hold something and I'm probably
going to still hold on to something but you know I feel like I'm probably going to end up doing the
same plan it's just not as exciting as it was before where I divest on a couple of beans and call it a day.
There's a chance that I sell the whole bag.
Look at what's crazy is you look at, was it Burt and Toast put out that tweet?
And Doodles went from like three and a half ETH to like 70.
And there isn't even no official announcement.
And Doodles is one of those ecosystems that we talk about that
never like really runs because
I guess it's something in the community and that did a 2x on
Just some speculation and now we have an actual
TGE date for a token that's been in the works for
What is it over a year now?
That has a brand behind it anime not a brand like a culture behind it
anime that is one of the biggest in the world but yet we're not seeing we're not seeing the type of
aggressive floor price increase now and i don't know if that's good or bad maybe we're you know
as people that are speculating on a token and trying to make money on a token we look or our flip on the nft we look
at it as a bad thing but from an ecosystem perspective is it a good thing that the nfts
didn't violently rip up and then people are all gonna leave and right like if you're genuinely
trying to build your ecosystem this is probably healthier for your ecosystem than what we see in
other ecosystems when the floor 2x is and everybody
dumps and leaves and nobody really cares i would disagree on this factor i get what you're saying
i would say the reason it's not good is because it means that people outside of your community
don't have faith in your airdrop right like and I don't mean that in like a negative way,
or in a way as taking a shot or whatever,
obviously it's a negative sentiment,
but I mean that in the sense that if your NFTs aren't ripping on an airdrop,
it means people don't have confidence in your token and your ability.
Like, it's like the reason Pangu ripped up
is because people think that Luka and team is going to make that token go to Valhalla
because that's something that they seem excited about.
I'm trying to go glass half full here, Steve.
And I get what you're saying, but I just.
Like, I think if you're like trying to like expand your ecosystem and, you know, like one of the advantages of a fungible token is that you expand your ecosystem.
Do we have any, do we have any glimpses
into what they might be doing post tge do we have any idea of like how they might intend to do that
with the token afterwards or that's all under wrapped so far i've not seen anything on that i
mean if you read through the tokenomics there's lots of discussions about there's going to be a
set up so and the dow is going to fund obviously anime related projects, um, activations and events, you know, expanding the ecosystem, the anime ecosystem.
So, I mean, it's all centered around growing anime, right.
And people that want to use the IP or want to grow anime.
So I would imagine, you know, for example, there's other anime projects out there
that are probably looking for funding. They can probably apply to the anime DAO for funding to
continue to build their anime project. But it's, I don't think anything's been, everything centers
around anime, not around, from what I read in the tokenomic nothing mentions like azuki and i would need to go
read it again because i don't have a great memory but everything centered around expanding anime
and building anime up yeah and so i i we'll see what happens i guess at the end of the day i don't
really have a um you know i don't really have a good read on it from
Like, I just, I don't know.
I guess my surprise is that what we've seen here is that I expected to see, and again,
I know people tell me they've run up in previously, but, you know, that's the part that surprises
me is I expect that, I expected that it was going to have much, much more of a violent run going into it.
So we'll see what happens.
In the meantime, we are where we are with this thing.
Monday, I'm sure I'll have a different perspective on these things.
Maybe they rip over the weekend and we see people get excited about it.
I'm sure what's going to happen is that it's going to be like Wednesday.
And I'm going to be like, screw it. I'm just going to going to happen is that, you know, it's going to be like Wednesday and I'm going to be like, screw it.
I'm just going to sell a couple at this
cost or whatever, and then they're going to rip up
immediately after I sell, and I'm going to have to make another
decision about the rest of my assets. So
that'll be what'll happen there. So
we'll see. TBD, but glad we have a date.
Anime. We know Abstract is
launching this month, they've said.
They've kind of said, said like Abstract coming soon.
So they're already launching that information.
And I think worth getting into the Abstract rewards cap.
I mean, we get into the executive order and things because I don't know,
like I'm hesitant on all the executive order stuff only because I heard Funky this morning
who's in like all those like signal chats with people who are well connected.
And he has like inside information that like he knew who was going to be on like crypto committees before they were and all this other stuff.
And Funky said he has heard nothing about the stuff that people are reporting on on X.
So that worries me a little bit.
But as far as like, you know, we got abstract coming as well.
Abstract released their reward system.
Did you have a chance to look at the abstract reward system?
Just to the very high level.
So basically if people miss this abstract getting ready to launch,
they are now the interesting part about this,
that Saigar made the point of afterwards is that pretty much the way the
rewards work is you must be using the abstract global wallet to get these rewards.
If your app is built and all that, like if you're connecting with other wallets, it is not going to give you rewards, which is fair.
They can set that stipulation for sure.
But their whole piece that they have is they have sort of builders, users, and creators. And the reason I really like this selfishly is, you know, and the other reason I,
I continue to be bullish on their ability to scale is that previously
creators in particular would make themselves big by creating around a
chain and people would notice it.
And that's how they would come up.
you think about like ICO beast and,
Jen and Dalton and them around,
you know, word, daddy capital around blast. Well, the way that they became really big was they were talking Beast and, you know, Jen and Dalton and them around, you know, War Daddy Capital around Blast.
Well, the way that they became really big was they were talking about Blast, you know, going up to it, but they weren't getting rewarded natively in any way, shape or form outside of, you know, the community and, you know, the opportunity if they were doing Pac-Moon things, things like that.
a couple of options here where using the dApps with the abstract global wallet is going to get
you points, building the dApps and your success of your dApps is going to get you points, but also
creating, including a native streaming platform that they talked about, which is going to be
on abstract. They mentioned this in the post. Now, the reason I do like this is I think having
a full ecosystem approach is basically saying that they want to proliferate it with the creators.
And for me as a creator, you know, I'll kind of pin my post at the top of my take on it.
I like that I can double dip.
Like I will stream on the abstract platform and I will use the dApps.
And me streaming and using the dApps is going to get me double points.
I'm going to use the dApps and show what they are.
And then I'm going to stream and that's going to get me points as well.
And I think that's sort of like duality
of how they're doing rewards,
I actually really like that
because it feels like they're really trying
to push everybody around in the ecosystem.
They basically say like abstract users
They're going to have a badge system.
They haven't given sort of,
they said there's three types of badges,
flash badges, weekly badges, and secret badges.
So not a lot there, pretty opaque. a flash badge I'm guessing is a badge
on the spot for using something. Weekly badges will be based on your uses and secret badges.
Well, that's a secret. So I don't know. I find this like sort of creator flywheels,
they call it really interesting. Probably my favorite piece that I saw from this. So I don't
know. I'm curious what your um what's your
what's your take is uh kind of seeing the rewards i think it's a really well thought out one yeah i
think so as well i mean luca previously has mentioned like second mover advantage and
my read is he's kind of taken the best of all the worlds we've seen so far you mentioned blast and
pack moon and and and we've seen some really bad social farms some really annoying social farms that people just tend to mute this this doesn't seem farmy but rather
yeah use the thing you're going to get rewarded and i i think also there's it's it's a it's it's
a leading kpi it sounds like as far as the focus on creators and rewarding creators and i've been
saying for a long time like this this the
social fi element the the rewarding quality over quantity you know just spamming dollar sign portal
on the timeline is not it it's just like that's not the answer pacmoon was the first to start
rewarding quality but it was really very manually done and even that could be gamed it just it feels
like this these creator incentives are rapidly evolving. And yeah, biasly, I'm very excited, not just for abstract, but I think this is, I think we'll be seeing more and more of this as the space moves forward.
noting is, you know, I look at, you know, not just like the, um, the, the streaming and, and
sort of like us saying, Hey, we'll stream. It'll be fun. But the fact that, you know, I think it
was on OG shoots, um, stream that he went on with him that Luca made the comment that, you know,
I want to create million dollar streamers on abstract, which seems like a very bold take,
but you know, if somebody goes all in the way that say,
and I guess this is the interesting part.
And this is like to say, and then I'll throw to Joey here in a second. But when you think about someone like a, you know, again, Jen, who was really, you know,
crushed it on blast and, and really became sort of the face of that ecosystem for a lot
of things, even help Pac-Man with the blast TGE video.
But when you look at someone like jen it's like if
jen were on abstract she might be a millionaire if that were the case and maybe she still will
but if the fact the fact that he says i want to create million dollar streamers
and in no uncertain terms i don't know to me that feels like a very strong indicator that
he's going to have a very strong set of rewards for creators.
Because one of the things that I think that the sort of Igloo group does,
the Pudgy Pagan group does, is they really understand culture and what's important.
They have really good priorities.
And one of those really good priorities is they do believe in streamers,
and they do believe that that is the best way to reach a multitude of people and get that talent on their platform. If they're trying to effectively create a streaming platform,
like you see some of these ones, there are people that have exclusivity on them,
where they stream and how they stream. It's like they could get people in their ecosystem who are
making money natively, getting tipped, all those other things already inside their world. And I
think it's smart that they're prioritizing that. And the thought that all these people
who have created around all these ecosystems
might be able to focus on one like this
and they're going to be incentivized to pump it.
Like, I think that that is a really interesting model
What do you think the chances?
Do you think they'll attract non-crypto native streamers?
Do you think they'll attract streamers
that aren't in this space?
I think eventually they will.
I think they will pay for some upfront if I had to guess.
If I were looking at my crystal ball, they're going to use
some of their raise money to pay for people who are maybe like mid and lower tier streamers.
Cause the upper tier streamers all have exclusivity deals or a lot of them do with some of these
platforms. My guess is they're going to pull people who are not in those exclusivity deals,
who have that money to stream on their platform
and they're going to be able to bring their audiences over.
Like I would be surprised if they didn't,
especially with how easy it seems
like they're making it to onboard cash
You know, and at the end of the day,
like the dApps need to be good.
That's just, you know, factually what has to happen
But I do think that they are going to get some non-native people to give it a run.
And I'm looking forward to that.
But, um, Joey, go ahead and get in here.
Yeah, I think the streaming is super cool.
And I do think that this is a perfect example, like Cap said, of like being first isn't always
Like they had a, uh, basically a built-in case study for what blast did with their
reward system and their points and creator creators and all of this stuff they they had like a built-in
case study on like what worked what didn't work what to change and you know i people ask all the
time like and this is one
of my favorite examples. Like, why do you always see a Burger King, like across the street from
a McDonald's? Well, it's because McDonald's spends a lot of money picking the most perfect location
with traffic, et cetera, et cetera, et cetera. So if you're Burger King, you don't have to waste
all that money. You can just open across the street from McDonald's because McDonald's did all
So this is just a great example of being patient.
And I don't know, you know,
how quickly they maybe originally wanted to launch or what,
like I wasn't in that room,
but this is a great example of like building the right way and utilizing other
people's wins and losses to to build a better system
yeah no it's it's i believe luca on this show referred to it as second mover advantage at one
point uh when we had him on and i think that that was uh very apropos i thought it was a good uh a
good call um cap that said let's um i you know we got we got that coming out as a layer two we got anime chain coming out as layer two you know we're sponsored by ape we got that coming out as a Layer 2. We got Anime Chain coming out as Layer 2.
We're sponsored by Ape Chain, who exists as a Layer 2.
Let's hit The More You Know.
I got The More You Know on some Layer 2.
It's time for The More You Know, brought to you by our friends over at ens and let's talk a little
bit about layer two blockchains we talk about them a lot a lot of people aren't familiar with them
i sometimes make the analogy of you know a layer two is sort of like the employee a layer one is
like the boss the employee does it would be inefficient for the boss to do all the work
so the employee does the work the boss signs off on, takes a little bit of a fee, calls it a day. But some other thoughts here on Layer 2 blockchains.
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beyond. By building on top of Ethereum mainnet, Layer 2s like Arbitrum, Optimism, and ZK Sync
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With roll-ups, optimistic or ZK sync, zero knowledge if people aren't sure what ZK means,
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and then settles them back on Ethereum.
That's why I use that sort of employee and boss analogy.
This drastically cuts the fees to boost transaction speeds
and enable digital ownership without the friction of the slow,
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I feel like L2s are the...
I feel like L2s have that sort of NFT vibe in the sense that I don't think all of them are going to survive.
I think there are going to be multiple purposes, though.
I think a lot of them can survive, probably more so than NFTs.
But it really is how Ethereum scales.
And I think in the long term,
I know people are saying, why all these L2s?
That's all they're trying to do.
But I also find myself saying like, but they're necessary to provide digital ownership with less friction.
Like, I hear a lot of people fade a lot of L2s.
a lot of L2s. What are your thoughts on a cap? I mean, I'm extremely bullish on L2s where I,
What are your thoughts on a cap?
what I, what I haven't figured out yet in my head is when do we hit critical mass where the value
accrual starts, it helps ETH keep up. Like I saw someone this morning said, you know, last cycle,
we were hoping for 10k ETH.
I specifically remember that,
And then I said, this cycle we're hoping for 6k.
My comment this morning was,
man, I'll be happy with 5k ETH.
And I do still think ETH has a lot of room to run.
we do see these executive orders.
The world financial or whatever, whatever Trump's DeFi project is. It's sitting just Bitcoin, the world financial or whatever Trump's DeFi
project is. It's sitting on big bags of ETH, of Chainlink, of Aave. ETH is going to get attention,
I think, at some point. I still am expecting the Larry Finks of the world to do the media tours and
I'm actually kind of surprised we really haven't seen that yet.
I know they've talked about it on the mainstream media,
but it wasn't anything remotely close to what we saw once the Bitcoin ETF launched,
So that is extremely bullish on L2s, L3s, and Ethereum scaling solutions.
It's working as intended, except for it just feels like mainnet, the underlying token is
And it's not like a concern per se.
But what I haven't figured out in my head and how to play it is, does it catch up this
Or do we need to see the number of L2s grow by 10x, 100x,
and then there's enough volume there that the value starts accruing back to Ethereum?
Yeah, I think the thing about Ethereum is I think it's a slow and steady move to me with Ethereum as a whole.
I'm not concerned about ethereum like
i'm not like first of all i'm not somebody who has some like massive bet on ethereum compared
to like everything else like i'm pretty allocated well across bags so you know if ethereum runs
great obviously i'm leveraged with nfts as a leverage bet there but like i'm not overly worried
about my ethereum bags i also like have like patience, which, you know, I see people get
upset, you know, upset Ethereum isn't running and do something and everything else is running.
I also have patience because, you know, as somebody who's previous to this is sort of
this long-term investor who, in fact, it's funny. I got a text message two days ago from
a former employee of mine who said she was interested in learning about finance
when I, when she worked for me, like, I don't know, 10 years ago.
So naturally you told her to tune in this morning at 9 AM and learn about the
future of finance in the form of uniform fart dust, right?
No, I mean, well, this was 10 years ago.
I would have told her that today, obviously told her that UFD is kind of
going to be the way, but I had, you know, I, I told her, you know,
it was like 10 years ago and I basically directed her into how to create index funds for her girls and she sent me a text message yesterday and basically thanked me
of teaching her about it because of how helpful it's been for her to pay bills for her to help
with her family and she's basically just with dollar cost averaging a little bit into index
funds over the past 10 years and it's finally really starting to pay off because that money
is added up to the point where she now has this savings
that she's able to use for her girls, for herself.
You know, she's a single mom
and she's, you know, able to do those things.
And it's funny because I have that level of patience
where I don't need Ethereum to go to $10,000 tomorrow
or even this cycle, right?
I just want to see it continue to scale.
that to your point, at some point, Larry Fink and the team are going to want to do a media tour
about Ethereum. Like it's, it's, there are, you know, there are so many factors going to it. I
believe in Ethereum and its scalability. I believe in L2s. I believe in the case for digital ownership.
I believe in all of those things. But I also believe that there are people like, you know, BlackRock and other major, major
entities that it behooves them where they have two ETFs that exist, Bitcoin and Ethereum.
They probably want both of those to do pretty well.
So I have to think that at some point there is going to be a move or at least an initiative
to try to make those work so
that's my general thought but i don't um i don't i don't worry about whether my ethereum bags are
pacing with the rest of the market or not like there's a lot of cope around that and then there's
a lot of dunking that goes on but you know there are people who told me that bitcoin wouldn't hit
100k this cycle there are people who told me that Bitcoin wasn't going to hit all-time highs this cycle.
There are people, and they said that when Bitcoin was like,
I don't know, 65K before it ran to 100K
in what felt like a straight line.
I'm just waiting for the revisionist history
from people who are fading Ethereum.
If Ethereum runs to 7K in a straight line
out of nowhere in some point in the next six months,
which maybe it will maybe
it won't but if it does i'm waiting for those same people to be like yeah of course i saw this coming
we're saying like oh no ethereum is you know bearish on ethereum no chance it's this whole
timeline the whole timeline is like ethereum's not going up it's going to be flat this whole cycle
but is anybody surprised if it has its day in the sun because i won't and so i just think we it's
hard to predict these markets and where things are going.
Like my move is I continue to DCA into things.
I continue to own what I own
and I see where it goes from there.
Von Fronten, go ahead and get in here, GM.
Cash, Steve, imagine not calling Unicorn Fart Dust
I mean, talk about being late, man, geez.
Yeah, so I'm gonna try to attempt to give my somewhere between bullish and bearish take on ethereum um and i will say very specifically the
price of ethereum i think ethereum the network ethereum the the the software, the programmable software is absolutely amazing.
And I think will become the next layer of the internet, much more beyond the other layer
ones that are out there. And this includes all the layer twos and layer threes that are
being built underneath Ethereum. And I'm not saying it won't go up i don't think
we're going to see 10k ethereum i think you know going in you know take 5 000 plus or minus 2 000
and that's just kind of where it bounces around for the next however many years is a very you know
possible case um and we would all love that right right? If we're talking about $5,000 Ethereum again,
I think everyone here is happy, right? I just don't think you're going to see Ethereum take the
skyrocket that the Bitcoins, the Solanas, the XRPs of the world are going where it's 5X, 10X,
things like that. And it's not because people don't want it to move. And it's not because Larry Fink isn't going to go out and do a press tour.
I do think, and I'm sure, you know, Warp Joe can come up on stage and correct me if I'm wrong or dunk on me in the war room.
And I would appreciate that if I'm wrong on this.
I think it goes down to a lot of just how the networks build and the existence of layer twos, which I think, and layer threes, which I think are absolutely necessary if we want to go and onboard more people outside of our little corner of the internet because of the ease of transaction, because of the low to almost non-existing gas fees, because of all the stuff you can do with it.
Well, you just said, right?
Hey, I don't have to transact on mainnet anymore.
And if I'm not transacting on mainnet anymore,
there is no demand for the token
that allows me to transact on mainnet.
And if there's no demand for the token
that allows me to transact on mainnet,
well, then that buy pressure isn't there
that generally drives prices up, right?
And I'm sure somebody can like,
I don't know if there's a correlation.
I'd love to go back and try to look at this. But I would love to understand the correlation
of the proliferation of layer twos underneath Ethereum, and the token price of the layer one
token. Because I just think it's going to operate differently, right? We've talked to digital gold,
digital oil, things like that. I think the only maybe correction I've made to that is it seems to be digital oil with
a virtually unlimited supply because I can just keep building layers underneath it where
I don't actually need to spend as much oil.
Yeah, but like, here's the thing. And I appreciate what you're saying.
But what is the logic for Solana going up then?
Like, make the case of why Solana has like these massive spikes up
based on its inflation rate, based on the ecosystem that it has,
based on the gas that's being spent.
Like, I think you can make very similar, like, you know, like, like, you know,
and again, we don't need to get into like the super, you know, deep, broad, you know, points of it.
But like everything you say makes sense.
And it's like, hey, I can't make this case right now.
But I don't think you can make that same case for Solana, can you?
And again, somebody correct me if I'm going to get the technicalities of this wrong, right?
But it's because you are operating on layer one
Solana, right? I think the one thing, so again, Solana has the benefit, the similarities, if I'm
drawing a Venn diagram, the stuff that's in the middle is easy to transact, low gas fees, yada,
yada, yada, right? Very, very similar to layer two, layer threes. However, there's no layer two
underneath Solana, right? I think Solana price would either stabilize or go down.
If they started building layer twos under Solana, which God, I can't imagine what that
network would be like if I had to start handling that.
Maybe that's actually a good thing for it.
Where I do all of that, I take an entire day's worth of meme coin trading on some DAF that's on a layer two Solana
network, if that's even technically possible, right? And then I roll that up and that entire
thing cost me, you know, 0.01 Solana and gas for an entire day of trading, right? And then
multiply that by however many users are using those layer two layer threes
and now it's like wow demand for solana is kind of going down because i really don't need to have
anything in my wallet anymore to to transact on the network so again that's my theory i don't have
like the the math and the the stuff kind of behind it but it's a it because i have like my normie
friends they'll always ask me when they see everything else rip on Coinbase and I get in a group chat and they're like, why isn't ETH ripping?
And it's not, it's not like the timeline sentiment.
It's a genuine, like, tell me the supply demand economics that are going on here.
And my only response to them is because Ethereum has an entire, you know, multiple layer infrastructure built underneath it.
And so I got to wonder if that is really starting to impact this where we've decided to make Ethereum the base layer of Web3.
We've decided to all build on EVM compatible chains.
And that's good for building out product that might be bad for driving token price.
We'll have a much more intelligent answer,
but I think you're all just missing it.
If you're wondering why Solana is pumping,
look at the title, Crypto.
It's a national priority.
It's about as left curve as I can get,
but that's why Solana pumps,
Yeah, no, I think like, I get what you're saying, Von Fronten, but like's why Solana pumps, is it's made in the USA. Yeah, no, I think like,
I get what you're saying, Von Fronten,
the dynamics you're talking about,
it's like, it's almost like
those are like Bitcoin dynamics
that are logical as far as like
but, and I'll talk to Joe here in a second,
I know he'll give us some insight into it,
I'm not going to steal his thunder,
but again, like I see what you're saying,
again, logically based on the price, it's not like there is a saying but it's like solana again logically based on the
price it's not like there is a it's not like solana is like bitcoin with the supply and demand
crunch and that's why it's going up especially the violent moves it's having it so i just like
that's where i say like yes people might be building and use it just shopping at that shopping
mall the same way they shop at the ethereum shopping mall and then you know eth also rents
out all these other sort other stores within its mall,
and people are using it, and they're only getting a taste of that.
And maybe that just is the long-term case,
and maybe it is just all fundamentals.
But I think one thing we realize about crypto,
which as we get ready in the next 10, 15 minutes
to welcome on somebody with unicorn fart dust,
fundamentals aren't always the thing that drive price
and, in fact, are often not the thing that drive price
I would say certainly in the short term.
Like, long term, I'm insanely bullish on Ethereum,
the network, and becoming the world computer.
But as far as how quickly that value accrues,
that's what I'm uncertain of.
Yeah, and if people are really paying attention to those dynamics versus, you know, if the, you know, if we see five businesses that are like legit American businesses that people know using a layer to Ethereum blockchain and saying, hey, we're using these blockchains and it's very public.
It's not just like, hey, Walmart's doing logistics over here just so you know, but it's not really a big story to a lot of people.
When those things happen, see if it pumps based on sentiment alone.
But Joe, go ahead and get in here, GM.
No, Vaughn said it very well.
I think that the tech and the use has matured since the last cycle.
the tech and the use has matured since the last cycle.
You now have institutional doing the marketing for Bitcoin.
And no matter how much Bitcoin is left to mind in the next 100 years,
that's already priced in.
Nobody's looking at it and they're thinking,
at it and they're thinking oh my god what happens when the rest of this bitcoin comes to the market
oh my God, what happens when the rest of this Bitcoin comes to the market?
also it seems like we have a amazing ability to just set the shit on fire or lock it in wallets
that are never going to be found again so like you have a you have a deflationary mechanic in
bitcoin that's called stupid and then you have a bunch of whales that can basically gobble up all
the supply and currently nobody thinks any of them are going to dump it.
You basically have fewer gold mines in the world every day.
Ethereum is not like Solana.
Solana is a heavy VC token. Solana is basically a gambling Ponzi chain that is purposely maintained in a
very, very strict circle. And it is set up in their tokenomics to run these up and down,
up and down, up and down. And it's cheap as shit when you compare it to Bitcoin and Ethereum.
So if you want to play the Ponzi game, like you go and you buy that
because you know that there is enough VCs into that token.
And I don't even mean like VCs, investment,
people that just came into the space.
I mean, literally the way that chain is set up,
that like it is going to run up
and then it's going to pull back.
And it's going to run up and it's going to pull back.
The more L2s and the more,
basically the more value that gets added to Ethereum's network, the less value Ethereum as the token has.
Because none of that value is happening on mainnet.
It's all happening on layer twos, layer threes.
And that's supposed to happen.
supposed to happen because if the token runs up to 10 12 50 000 like you're talking about the price
of software at the end of the day and like builders don't want to have like there's no other software
in the world where you can't tell what the price to cut to build shit with you know like we talk
about what the price of an l2 is like if you want to have Arweave, if you want to have your graph node, if you want to have anything with Chainlink, the higher the value of those tokens goes up, the more expensive it is for people building tools with that to build those tools. So whatever your budget was on day one, your budget may have doubled or tripled
90 days, 100 days from now. So I think it's important to understand that Ethereum is a very
stable place to be. And because it is a stable and good place to build and be, the price shouldn't shoot up, even if Fink or U.S. Treasury
or the Bank of China come and buy a whole bunch of it.
There's just going to be more the bigger the network gets.
So that's how they look at it.
That's going to be an ignorant question.
The actual tokenomics of Solana,
it's just perpetual new tokens create
right what is there yeah yeah and then no and then they like like solana is really solana has a
terrible token on model but like um yeah there's there's there's not a supply it's just and and so
much of it is still in the control of it's not like a foundation in the same way that the ethereum foundation and
i mean you know we all have our frustration with them but like solana is like literally like a band
of investor bros who like understand how tokenomics work and have a very very interesting
opaque chain and when i when i say things opaque, I don't think people understand that like
when you're looking at Etherscan, you're not really looking at what's happening on the chain.
You're looking at what BlockScan defines as what's happening on the chain. That's all third
party definitions, right? So SolScan is similar, except like that chain is designed to not tell you what's actually happening on chain
so like the dropped transactions the missing data all that's in there by design and that's
there because the whales want to be able to move that token um in ways that if it was regulated
as other securities or whatever were uh you'd probably end up doing time in jail.
Steve, not to get into it this morning, but just quickly covering the news of Pump.Fun.
I'm assuming you saw the lawsuit.
Probably Pump that one for Monday.
I looked at some of the screenshots of what was included in the lawsuit.
I looked at some of the screenshots of what was included in the lawsuit, and I'm certainly not an attorney, but I can't remember the last time I saw such, I guess, damning evidence and screenshots in a lawsuit.
Not a great look for the space when I'm sure that's probably going to hit mainstream media, even if nothing comes of the suit.
I have not dove deep into that.
I saw Kermit did a thread on it and had it pinned to read for the future.
So I think, yeah, like let's punt that to Monday morning.
We need to think of topics for Monday morning anyway,
because I'll be so giddy about the national championship game that night
that it's going to be hard for me to lock in anyway.
I figured we're just going to do a three-hour Buckeye show.
Yeah, I mean, look, you're talking to the right guy for that.
A three-hour show just on Jack Sawyer would work.
I'll be here when Notre Dame wins.
Joey will not put his money where his mouth is, though.
I have asked for the bet.
But, yeah, Ohio State by two scores.
I mean, if you're going to give me 14 points, we can talk about it.
I'll make you a great deal.
I'll give you eight and a half.
That's giving you extra juice on top of it.
So eight and a half is two scores.
Giving you juice on top of the eight that exists right right now might even be down to seven by game time. Uh, if you, uh, if you want to go that
direction. So I, I, uh, I'll give you, I'll give you eight and a half there. You got your two scores
on that one, but, um, yeah, let me know. Let me know when you want to take it. I've already placed
plenty in Vegas as it is. Um, but I mean, if you're saying Notre Dame is going to win, it feels like
you just want to take a straight bet, um, which cool with. But let's do this real quick, Cap.
I want to get your take on the title of the space.
I know we got Ron coming up here pretty soon.
We'll keep an eye out for him in the crowd to invite him up.
And then I'll probably need to skedaddle in about a half hour
to start heading to some doctor stuff.
But the executive order, I just, I don't know.
I'm like kind of like a wait and see.
I'm actually more nervous that we're getting all this news about executive order, crypto
is a priority, Bitcoin strategic reserve day one, all these things.
And then I hear someone like Funky, who's really, really tied in our buddy here, who
you can hear on Modern Market on the show that happens before this.
B-Chicken Legendary do a phenomenal job.
We don't have any paid relationship with them.
They're just the best, so we always recommend them to people
because they do such a good job.
They're how I start my day every single day on a weekday.
So I'm curious how you're feeling.
We're getting these reports.
It feels like we're going to have a pro-crypto Congress coming in,
The proof is in the pudding.
Now, look, if he sends an executive order,
I know that doesn't do a lot in day one,
doesn't necessarily directionally make people do anything,
but it's certainly better directionally than having, say,
you know, executive orders that are being used,
or I should say veto power being used to strike down crypto measures,
which we saw in the previous four years. But don't know like unpack like you you know you had
this title of the space i had something far more degenerate and then i changed it back to your
title so i want to get your take on everything that we're hearing about i mean i'm i'm super
bullish i i think we do see maybe it's not everything that's being rumored but i mean
they're they're they're hosting a crypto ball at the inauguration.
I don't see them putting this much attention and in time.
this many rumors coming out and them not to do anything.
will everything happen day one?
setting up an actual Bitcoin strategic reserve.
It's going to take a while.
Like I'm not expecting major actual things to happen.
But as far as the momentum,
and I mean, it's also like,
I don't know where it is.
Let's see if I can find it.
But Trump has $150,000 target on Bitcoin.
Like, he's probably going to pull whatever levers
and attention he can to check off you know, like, pull whatever levers and attention he can
to check off a win, right?
I just, I think that we see a lot of news,
And yeah, I am, I'm bullish for price action, Steve,
but I'm more bullish for builders in crypto.
I saw Dudas this morning.
He didn't name any names, but he said,
I don't know if it was dozens or a lot of founders that are having conversations with him now about legitimately considering moving their
operations to the US. I think that's a big deal. Yeah, I think that's the big thing that is exciting
to me. To me, I see it exactly that way, which is if you see companies that are saying that they are going to move to the U.S.,
that is what gets me excited about this.
And I've said this many, many times.
I'm not necessarily trying to say I want to pump my bags to the moon just because we have a new president who seems crypto-friendly.
I'm not going to complain about an appreciation in value to my assets.
I'm not going to complain about an appreciation in value to my assets. Like I'm not going to do that.
But the fact of the matter is we have a president coming in who has two NFT collections,
is involved in some capacity with this sort of, you know, world Liberty financial fund that he,
you know, he, he promoted when he went and did the interview with Farouk. So I mean,
I think he has three NFT collections, Steve. Aren't there just two Trump collections?
No, there's, there was the Trump trading cards, one Trump trading cards, two.
And then didn't he come out with another one too, just like a few months, like six months ago.
I think that was Trump trading cards too, but I'm not sure if there is a third.
So at least two, at least two collections,
as well as, you know, the World Liberty Financial Involvement,
there's no way that this is going to be worse than what we've seen in the past
when there was effectively, you know, as we hear from people like Mark Andreessen,
an administration that was trying to effectively kill the crypto industry
and, you know, effectively control the AI industry.
So at least for my money,
you know, we've had people who said, like,
they were one issue voters this election
because, you know, orange man liked crypto.
And I get it because if you're building a business
and you have an administration
and sort of a group that is making it very hard
for you to build a business
and you flip over to one that makes it very easy
for you to build a business, that's good.
And so to me, what makes it bullish and exciting for me is not
necessarily the price part of it, but the innovation part of it. Like I want, like I,
you know, and we, we heard Zuckerberg say this the other day as well, something very similar where
look, like if we live in a world, like America is, is sort of like one of the things we lead in
and that we do well is this idea of this innovation is this idea of sort of being on the forefront of technology.
It's one of the things where we lead. We don't lead the way in a lot of things, manufacturing, some other things.
We don't lead the way in a lot of these, you know, key industries worldwide.
But tech, we do. But it feels, you know, he made this comment where he's like, I don't feel like the edge is quite there anymore.
But it feels, you know, he made this comment where he's like, I don't feel like the edge is quite there anymore. And I feel like, you know, it would be better if the government actually wanted to work with you versus not work with you, which is a problem that we continue to run into.
to come to America and work here and be part of what we're doing and have headquarters
here and, you know, operate here versus, you know, having businesses saying like, Hey,
I want to take my business overseas.
I don't want to work here and encouraging, not just that, but encouraging people who
live here, like forget about the businesses who might do tax advantage things, all these
other things, individuals on an individual level who are in college.
Like when I go and talk to a college, when I go and talk to USC, when I go and talk to Harvard or one of those colleges I talk to, having people there who are saying, you know what, I'm going to go into this industry because I could build world changing products.
That's what excites me about this coming administration. But I'm very, very much looking forward directionally to where it's going because you do see a lot of these, again, you do see a lot of these companies that are saying, my life has been harder and my lawyers, I have to pay a lot of money in lawyers' fee and I don't know exactly what to do.
Andrea, I saw your hand fly up.
I saw you jump up the stage.
GM, I love this conversation.
And I'll say I double down and echo everything you're saying.
From a builder's perspective, I might have a bit to share.
When we were going through Techstars in 2024, you're obviously put in front of tons of mentors,
people in all different pockets of the industry. And the one common thread
that came up with each one of them was, you're a Delaware C Corp. You shouldn't stay in the US.
It's too uncertain. Where are you going to build offshore? Consistent, across the board. Like,
let me put you in touch with this lawyer. You should talk with this person.
And we really looked at numerous restrictions, decided to stay here. It was scary, but we felt we had an election
coming. Let's kind of see how things shake out. And I can't tell you how different those
conversations are right now, which is really exciting. I mean, it's a good feeling to be
a US builder right now in crypto.
So just wanted to give my take.
It's been amazing watching those tides turn
and I'm really excited to be a builder here
over the next four years, for sure.
Not trying to pry anything,
but I'm assuming you've probably seen
a similar sentiment shift in investors too.
Yeah, I mean, it's interesting.
Investors, sure. I mean, just the interesting. Investors, sure. I mean,
just the outlook is so much more positive. Those conversations early on were there. And
when we were raising early, there was a lot of offshore coming in. Most people didn't have
US accounts they were wiring from when I'm talking about angels and other things like that. But
it's been a complete, like when I say that it's been a 180, it's truly been a 180 as a US builder
in all aspects. Love it. I mean, that's good to hear. Love the direction of where we're going
here. And I think that the friendlier we are to sort of the crypto and, you know, just general tech environment, the better off we are.
That said, Joey, I'm going to hold your hand for a minute because I know that we got our buddy Ron up here.
It's just four collections is the accurate number.
Thank you for the correction there.
But, you know, I think, Cap, I'll toss it to you.
I know you shot the DM to to ron to get this thing
going we both are dusters uh we both are part of this community and i also would venture to say
we are probably the people closest to ron's age who are going to interview him because we are the
gray beards of this world uh loving it so cap i'll toss it to you to kind of kick it off awesome
well first of all welcome gm ron Really appreciate your time this morning. You're
a super busy guy and looking forward to jumping into this one this morning. So, just wanted to
say, GM, thanks for being here. And we'll dive right into the questions, but really appreciate
you. And I shared it earlier to open the show. And I got to tell you again, directly, Steve and
I have both been in this space. We've been hosting the show for since 2021. We, we've worked with, supported, talked about a lot of NFT communities, a lot of
other, you know, meme coin communities. I said earlier, I can't remember the last time that a
guest got so much support cross community. Every PFP you could think of was, was retweeting or
commenting on, on the post yesterday.
And it's just like, there's something special here. And I just wanted to pass that along before
we get into any Q&A. But welcome. Thanks so much for joining us. How are you doing this morning?
I'm doing great. Can you hear me?
Yeah, we got you loud and clear.
Good, good. Well, hey, it's a big honor to be here. And I'm kind of humbled by everything
that's been going on. It's been awesome. And so thanks to everybody to be here. And I'm kind of humbled by everything that's been going on. It's been
awesome. And so thanks to everybody for being here. And thank you guys for hosting me. I appreciate
it. Truly our pleasure. And Ron, I know most have probably heard your story by now, but the post I
sent yesterday, it was like a 60-second clip you had with your interview with Jakey yesterday
that kind of profound. Do you mind starting there for those that might clip you had with your interview with Jakey yesterday that kind of
profound. Do you mind starting there for those that might not be familiar with your story? Just
talk about that, that how you got into this, the creation of Unicorn Bart Dust. And I think it
would be a good kicking off point if you don't mind. Yep, absolutely. So I never owned a crypto.
I was a gold and silver YouTuber for three years, and I was aware of obviously what
was going on in the crypto world and just was hyper focused on gold and silver. And it was a
very, it was a successful channel, great community, wonderful experience. On Sunday, I believe it
would have been December 16th, my wife Susie emailed me a story from, I believe, NBC News about meme coins and in particular how they were, you know, going up in value to these really, you know, impressive market caps, which caught my attention.
it explained how you could go onto this website, which I had never heard of, called Pump.Fun.
And that for, I forget, I thought it said $5, you could start your own meme coin and that there
were thousands of them being made. So I didn't really think much about it. It was like 10,
11 o'clock on Sunday night. The next day I did my normal, I've live streamed every day for a
couple of years now. I did my normal gold and silver
live stream. And in that live stream, I pointed out at what I thought was the absurdity of what
was going on with the meme coins. And when I ended that live stream, I think it's from Call of Duty, the unicorn farting. It was like a scene,
a little clip. And I'd always called crypto unicorn fart dust. So I called him and we were chatting
and I said, you know, I said, I should start my own cryptocurrency or my own meme coin. And he
said, yeah, you should call it unicorn fart dust.
Because for years I'd referred to paper fiat money,
cryptocurrency as being unicorn fart dust.
And from that point, I embarked on a journey,
watched a 10 minute YouTube video
about how to make a meme coin on pump.fun
and opened a phantom wallet and then funded that
with MoonPay, who's now a sponsor of mine. So I used MoonPay to put $100 into the phantom wallet,
spent about two or three hours. It was very complicated on Pump.Fun. You know, there were,
to be a developer, there were four fields you had to
fill in. So, uh, after I got through that big process, I launched it and kind of forgot about
it for 24 hours. Um, and then the next day I made a short live stream about the, uh, the meme coin
and that, you know, I just said, Hey, I did this to show that, you know, that how easy it is and, you know, prove me wrong.
Right. But to me, that's why I called it unicorn fart dust.
And then the rest is kind of history from there.
Well, yesterday I called you crypto's most endearing character.
And then the other word I would use is it's been refreshing to follow your story.
And I have to acknowledge your consistency with putting out content day in and day out for years. That is props to you one question I had is I've seen some of the,
we'll say less than positive comments
from some of the, no offense,
Steve and I too are in the boomer bracket,
but I've seen some gold and silver boomers
like maybe questioning it
or getting not as big a fan
of the unicorn fart dust content
and wanting just more gold and silver.
But yeah, you haven't wavered.
I could see some people like,
to my roots and I don't want to alienate an existing base. Can you speak to that a little
bit? How have you been able to handle just the dynamic? This space can be pretty wild at times,
both on the positive and just the unknown. But how have you been able to power through
any sort of less than positive feedback from your long-time listeners?
Yeah, well, you know, I'm a very community-oriented person, whether it's with my family,
my neighborhood, where I work, anything that I do, I've always been a very community-oriented
person. So if I sat here and told you that for Susie and I, after three years of working seven
days a week and what I think is giving a lot to the gold and silver community, and I still love gold and silver, right?
But what happened with Unicorn Fart Dust is such a special and unique situation.
You know, I liken it to, like, I don't know, an unplanned pregnancy and like a baby was delivered to us.
And, you know, I created it.
So and then, you know, and we can talk more about this later.
But I had in the first 36 hours, what I can only describe as a transformative experience, which opened my eyes to what crypto is and more importantly, the community that like from the very beginning created this whole situation.
So, yeah, it's been it's been somewhat difficult.
I mean, a lot of the gold and silver people are very, very happy for me and are dusters, you know, and I get emails every day from those people.
And our dusters, you know, and I get emails every day from those people.
There's a segment of the gold and silver community that is steadfast against cryptocurrency no matter what.
And, you know, I still like those people.
I still love gold and silver, you know, like they do.
You know, and I just can't.
just can't, I have to realize that I can't keep everybody happy and I need to do what I believe
I have to realize that I can't keep everybody happy.
in and what I know is right in my heart and follow my own moral compass. And for that to be this,
what was a big pivot, right? A transformative experience in our lives. That means that I
follow what I know is something that I believe in, which is the UFD, Unicorn Fart Desk meme coin. And, you know,
I would liken it to this. I mean, maybe a bad analogy, and I probably, you know, sometimes need
to keep my mouth shut, but it's almost like, and I'm not a real religious person per se,
but it would almost be like I was a Jehovah's Witness and, you know, suddenly came to my church and said,
hey, guess what? I discovered Buddhism and I really like it. You know, the people who are
my real friends are going to like me for who I am, my personality. And so when I went through this,
you know, really like sudden transformative event, you there, there were a lot and there are more and
more who are emailing me, you know, asking how they buy UFD and, and, and, and telling me that
they did buy UFD. So I have not abandoned the gold and silver community. I'll repeat one more
time. I, I love the gold and silver community. There's wonderful people in that community. And let me say this, the beliefs of the reasons why a lot of people buy gold and silver
are very similar to the reasons why a lot of people buy crypto. So there's this real common
core kind of belief set about, you know, maybe not having so much faith in the fiat money system and a number of other factors.
There's so much shared camaraderie between the two groups.
And I'll say one more thing.
What I what you know, there's been a couple of things that have shocked me since the unicorn fart dust experience. One being how cool, and we can get into more of that later,
the community of people are, the investors are in the meme coin sector. But the other one is that a
lot of people in the crypto sector, and I hear this over and over, are actually interested in
learning about gold and silver. So to the extent that I can be part of a bridge between those two, what I think
are very two groups that share a very common skills, core belief set, I think I can do it
because there's a lot of people my age and I guess your age as well. Maybe you experienced this as
well. A lot of almost boomers. I'm 54 years old, but a lot of my people in my age group who I'm friends with and that I interact with that are really interested in crypto.
And while I'm sure some of those listeners, they picked up some unicorn fart dust and they're joining the community and they've maybe done well there.
Part of what got me so excited about your story and you're putting out so much content
is this is how we onboard people.
This is how we educate people.
The reality is this space,
A lot of the content creators are on this app
We need the whole range of producers
as far as age and demographics
on other platforms. And the fact that you've been
able to do this so quickly on YouTube and you continue to do it. I shared yesterday, it was
January 15th of 2021 when I first read an article about NFTs. I'll be forever grateful for it
because it got me here. It was actually tomorrow, four years ago, is when I actually picked up my
first NFT Top Shot pack. But it was that sort of thing that it took someone that wasn't in the space,
that wasn't in crypto for years.
I had some small holdings, but it took someone else that I,
similar to your story about your gold and silver following,
I was following people that are putting out daily fantasy sports content for years.
And when people I trusted and looked up to and respected,
when they started talking about NFTs and crypto, it forced me to take another look at it. And I
think that is a tremendous impact that maybe you're getting credit for, but I don't know if
it's enough credit for all the people you're introducing to crypto. To your point, there's
so many parallels with people who are bullish gold and silver and why they should be looking
at crypto. So yeah, well done.
Congrats on the MoonPay sponsorship as well.
I think it's beautiful that that's part of your onboarding story.
Yeah, it's I mean, I have to really credit MoonPay.
And I said this many, many times before they sponsored me.
I mean, they were my first transactional experience with crypto, and it was very easy,
and I felt very secure through it all. I'd never heard of MoonPay, you know, 32 days ago. So,
you know, they helped kind of get me on board. And I think that as we talk about this, I mean,
it's exciting to think all of the people that are kind of in my age set and older that are that are potential.
I call them buttercups, right?
People that just with UFD, people that haven't bought their first unicorn fart dust coins or beans.
I mean, there's a massive and it's not just for my meme coin.
It's for the whole crypto sector.
There's a massive amount of money out there that those
people have. And they're concerned, like a lot of, you know, like we are about inflation,
about devaluation of the dollar. So I see it as being a massive lever that we can still pull.
I mean, it's only started, right, in my opinion. And it's exciting to think about the potential.
Do you have a, I got to ask, cause you have talked about the March to a billion.
We all get really excited about that.
It's impossible not to be inspired when we, you know, watch you.
And by the way, again, you know, we're in our forties.
I know we're closer to your age and that, in that sense, like we respect the fact that
we show up every day, the way you show up every day.
Like we, you know, we've gone, you know, 816 straight shows on weekdays and you show up to your stream you know you know no matter what so you're always going to be there
do you have thoughts or have you done planning around if you hit that 1 billion mark how you go
about celebrating such a thing yeah oh yeah definitely uh early on in the problem a big
part of this community right because unicorn fart Unicorn Fart Dust was just, you know, this thing that I created on Pump.Fun.
The community is who made this happen from day one.
I mean, I'd like to think, I joke around and say, you know, I'd like to say that I had strategically planned for all of this to happen, but I didn't, right? I mean, if I was
that smart, I probably would be living on my own private island right now. I mean, the community
took this and made this what it is. Part of that very early on was an AI video that somebody made
of me in my tidy whities celebrating a major market cap milestone. And I got so excited
that I jumped up in my tidy whities and jumped onto my ping pong table, which is right behind
me here in the basement. So I did make a commitment that when that, you know, but I think that's just
the start. I mean, I, everybody I talked to, I ask them the question, like the big people I respect.
I'm like, what's to keep Unicorn Fart Dust from being as big or bigger than any other meme coin out there?
And everybody tells me the same thing.
There's nothing stopping it.
And then when I think about the fact that what creates the value in this sector, it's community.
And I look at what the community is doing.
I mean, I do my little part, which is seven days a week.
But the community really has made this from its inception, has made it what it is.
So the community is driving value like a lot of people say,
like they've never seen before, and the value drives the price. And then that price, right,
will bring more people into the community. I just see it as like a big spiral of good. So
yes, I do have, you know, milestone things that we'll do. We've got a promotional vehicle
that's being built by community members right now. But I look at them
as like, you know, the unicorns on really an unlimited flight. And we're going to have little
layovers, which will be milestones. But, you know, my intention 100% is to continue day by day to
prove to the community that I'll do my part. And then I know
that they'll do their part. And I just think that literally the sky's the limit and I'm super
excited. But yeah, there will be celebrations along the way. Definitely. I love it. I did see
the Duster Mobile or whatever it's going to be called. I didn't realize it was a community
initiative. I didn't dive wholly into it.
I just assumed you were doing it.
Tell us a little more about that.
And is there any plans for it after it's made?
Yeah, well, it was a Sunday morning
and I was probably like, I don't know,
maybe two weeks into the journey,
either a week or two weeks.
And as you might imagine,
I was over those first couple of weeks
and still today I get tons of emails.
OK, and some of them, unfortunately, are don't have the best intentions.
Try to try, you know, maybe scams or whatever.
And so I get this email that says, hey, from this very nice lady saying my husband and I discovered you last night. We bought some beans.
We love what you're doing. We're really excited about this. And my husband would like to,
he has some off time during the winter, would like to help you by making a promotional car.
Because in an earlier live streams, I'd said that I had this vision for a Honda Fit,
which is a small car that kind of looks like a unicorn head,
that we could make a unicorn mobile or a promotional car,
which is now called the Duster.
But that when we get to certain, you know,
some of these big certain market cap milestones,
that I could drive it around and maybe even bring it, you know, some of these big certain market camp milestones that I could drive it around
and maybe even bring it, you know, maybe put it on a boat and bring it across the ocean because
we got people all over the world so that the dusters could meet me at certain places. And I
can't go to every city in the world or anything like that, but, you know, geographically strategic
places where if people want to come, say hello, sit in the car, it's going to have a
horn, instead of a horn that goes beep, beep, it's going to have a horn that is going to let out a
very interesting sounding unicorn fart. And I can't say any more than that right now,
but it's going to be super cool. I mean, it's, and there's a little video that's come out. So yeah, it's,
these people, and they're doing it. I mean, they bought the car. It's, I don't know, maybe a third
of the way through the process. It's a first class job that they're doing. And, you know,
it's just unbelievable the help that I'm getting pretty, you know, on a volunteer basis at this point,
but we're, you know, from the community on many different levels. You know, Unicorn Fart Dust
wouldn't be where it is, number one, without the community that's, I mean, the community
has done it, is continuing to do it, and I believe absolutely will continue to do it. And I believe absolutely we'll continue to do even more in the future. But it's, you know,
again, you know, I'm nothing without the community and what they're doing. And I am humbled. And I'm
going to tell you this, and I don't want to tear up, but the people have been so nice. That's what
I tell my mom's in her age. Well, she's 79.
She'd be mad. She can't listen to this because she's only on Facebook. But, you know, I'm like,
mom, you wouldn't believe how nice these people are. How, I mean, like so nice and so good.
so good and that like what is going on is uh is just really indescribable um but i think
eventually more and more people even just outside of crypto twitter and people outside of the crypto
and the meme coin sector are going to hear about this story because um you know again i didn't plan
this i didn't you know you know, it's really,
I'm a part of it and I guess to a certain degree,
I'm the face of it and I am the developer, right?
But it's a story about people all over the world
that are like just really doing incredible things.
Candidly, I came here for the gains.
The people of Crypto Web3, they're incredible. It's the most incredible group of people, of like-minded individuals I've ever met. And unfortunately, crypto does not have that reputation outside of the space. Most people look at, oh, it's scammers and grifters. And while they do exist, don't get me wrong, the good people far outweigh the bad ones.
And I do think it's, again, it's going to be individuals like yourself that are sharing these stories that's going to educate and onboard so many others into the space.
Yeah, I mean, think about it, right?
Like, I've just met you 15 minutes ago.
I sense that you are a really good person, right?
You and I, and I'd like to think I'm a good hearted person, and I know that I am, but
there's also like probably hundreds or thousands of people that are either listening now or
are going to hear this in each one of them, right?
I mean, it becomes a really powerful force.
Like, you know, you and I are in the spotlight right now, but there's somebody else out there
listening and maybe they're a duster, maybe they're a buttercup, you know, you and I are in the spotlight right now, but there's somebody else out there listening. And maybe they're a duster. Maybe they're a buttercup. You know, but we know that they're a person. And I agree with you 100%, man. I mean, the people are incredible. And together it does. It really creates just a very powerful movement and force. And I, again, I'll repeat,
you know, like, I think that the potential is unlimited, but it all is driven by the community.
You know, the community creates the value, the value creates the price, and then, you know,
more people come into the community and the good people stay. And I think everybody's good. That's
the other thing about Unicorn Fart Dust.
Emma, Emma Bear, who's kind of one of our key members in our community, she pointed this out to me early.
She was like, because I hadn't thought about it.
You know, it's not like Unicorn Fart Dust is a meme coin about fishing or woodworking, which are great things for people to do.
Goodworking, which are great things for people to do.
And like, so we kind of appeal to the whole entire world because I, you know, everybody
wants to be part of something good and be part of a, of a good community.
It's just, it's so wholesome.
Again, the wholesome is the word people keep using for it.
And I find myself, it's hard to fake authenticity.
And I think there's something to be said about somebody who genuinely believes in the
community. Thank God our girl Gigi found it. We've had Gigi's co-host of this show before. We love
having her on when we can. And it's, she's a friend. And so hearing like, you know, seeing
that interaction with her early on and seeing how you've sort of built up has been very, very cool.
So I guess like, you know, for you, it's just, and, and, you know, I know we have some hands
here as well, but I guess Ron for you, it's just what's interesting about this and tell
me if I'm reading it wrong. It's effectively business as usual, where you ride the wave,
you show up every day, you engage with the community, but regardless of, you know, price
up price down price in the middle, you're here every day. And I think that that is reflecting.
So for you, it's pretty much, you're having fun with it. You're doing what day. And I think that that is reflecting. So for you, it's pretty much you're having fun with it.
You're doing what you can to build with the community, but it's not really changing anything about you.
Like you seem very much the same as you did on that day one sort of stream.
Yeah, that's, that's, that's, I haven't really thought about it, but yes, it's, it is, you know, I mean, it's been transformative in so many ways because this is a whole new experience for me, for my family.
But, yeah, I was talking to somebody the other night and I'm like, I don't get nervous before I go on things like this or do interviews or whatever, because all I have to do is just, you know, tell them what's going on. And
it's, it's, it's, and I, and it feels good, because I believe in it. And it's easy. And,
and again, you know, it wasn't any complicated thing. We, we didn't have a team of 25 people
doing analytical, I mean, analysis and, you know, working on launching unicorn fart dust.
analysis and working on launching Unicorn Fart Dust, it just kind of organically happened.
And I, from the very beginning of it, just followed my moral compass or just did what
I thought was right and treated people the way that I would want to be treated.
And I had no idea. I had no, I mean, to me, meme coins were, of course, I'd heard of
Dogecoin over the last couple of years. But I had no idea what I, I know, I would have,
you know, I wouldn't change anything. But like you said earlier, the amount of fun and positive
energy that is here. And I think the real potential for the Duster community
and there's other great communities, right?
Now, I don't feel like we're in competition with anybody,
but for the good communities, you know, Pudgy Penguins
and some of these other ones, you know, to do good
is very exciting and very fun.
And yeah, it's, you know, I've become,
what do they call that, a deacon or whatever.
You know, I don't sleep as much as I used to,
but that's okay because I just think
there's so much excitement and potential for this
that, you know, I'm having, you know, this is great,
but, you know, I'll show up every day and do my part.
And I'll do that because I know that, at least for our community, the Duster community, that it's 35,000 people that are part of it.
And they're doing their part as well.
Ron, you mentioned milestones.
We got some breaking news.
I'm not sure if you had anything planned for $300 million, you just passed through a new all time high this morning. Congrats.
Oh, wow. Well, you know, that is great to hear. And of course, of course. Right. I keep an eye on the value.
like, you know, they find it, I think, a little bit interesting that I maybe check two or three
times a day because I am so focused on the community and doing what I can to help the
community because I know that in the end that will drive the price and that will create milestones
like we just hit this day. So, hey, yes, that's great. Go UFD. Thank you for sharing that with me.
Well, and I appreciate the kind words earlier. I do have to say Steve is the nicer of the two of us, but I will accept the compliment.
And you can, I sense that while yes, the market cap and price is important, Steve, you know, never any financial advice in the show.
Crypto is risky. It's all volatile. You know, never put any money in. You can't afford to lose.
But I really get the sense that it's what you're doing and what you're building is much bigger than, than the price. Is that,
is that a fair assessment? Yeah. I know that the price will take care of itself, right? Um,
that that's absolutely, that's a fair assessment, you know, that, that, uh, look, I mean, I'm
looking right now, I'm sitting in my basement, looking over to my other desk,
where I, where I quote unquote, was the, the creator, the developer, whatever they, it's called
behind unicorn fart dust. You know, it, it took me three hours and a hundred dollars from, and that
was, I don't want to say it was, it was like this little seed. I don't want to, I don't want to
diminish it, but it was, it was really nothing until the community showed up.
And then the impact that the community has had on me, this transformative impact and realizing, again, I'm repeating myself, but where this can go to me is absolutely unlimited.
go, to me, is absolutely unlimited. And it's good. You know, I have this dream of being on the Today
Show with Savannah Guthrie and taking her for a ride in the duster around New York, right? We can
spread good. And there's just so many good things that can happen out of it. But yeah, I don't want
to, you know, look, I have a degree in accounting. And most people that know me would say, oh, yeah, Ron is very, you know, I was always, you know, I'll just put it this way.
I know that the value and prosperity is one of the things that we talk about within the Duster community.
Right. We talk about, number one, honesty, integrity and prosperity.
and prosperity. We call it HIP. H-I-P is an acronym. But I know that the prosperity, again,
We call it HIP. H-I-P is an acronym.
comes for us if we're diamond-hooved, number one. And on top of that, if we do, if we continue to do,
and I know we will, the right things as a community.
It's awesome. Well, look, I know you're on a short pitch count uh here and and you have uh
yeah you have uh you know you have some time uh short just limited on time
i can probably i can go about another 10 minutes if that's okay oh we would love nothing more ron
like this has been so engaging um you know i i see that uh uh ease theuster had your hand up, so I do want to go to
Ease if you have a question for Ron or anything you want to
pilled here and very excited about it, but Ease,
feel free to get in here with anything if you have a question for
Thank you. Thank you, Steve. I don't
have a question, but I just want
And first, I want to say thank you, Ron, personally, and also as a community.
You know, it's very challenging in these times, specifically in crypto space,
you know, to find a community like the rest of the community.
For me, personally, not only for financial gain but you know i have
benefited many things from this community you know the positivity you know the uh
how many nfts they have created there are many many positive things that i can say
which going on on the rest ofor community. And it's only
even thought it was possible
in this crypto. You know, as
there are many problems in
crypto you know scams specifically in meme coins so i'm very very very grateful uh to you
and i just want to add one more thing. This community is global.
Because I'm joining this space all the way from Africa, East Africa,
specifically from the Horn of Africa.
So, you know, guys, this community is growing day by day, day by day, day by day.
Community is growing day by day, day by day, day by day.
And 100%, I believe we will be one of the top meme coins in crypto.
And I want to say one more time, thank you.
Thank you to you all, specifically our developer, Fran.
Or as we say, Fran Tashi.
And thank you, Captain, for accepting my request to say, fantastic. And thank you, Captain,
for accepting my request to say this thing.
That's all I want to say.
Appreciate the kind words.
And you mentioned community.
We've talked about community a lot this morning, Ron.
I did pin your pinned post up top.
If everyone's not following Ron yet,
Go link through to his YouTube channel. Subscribe to that. Is there anything else?
a Telegram, or is it on the timeline
is the community for you? Or is there
anywhere you would like, any action you would
I appreciate you asking that.
focused on crypto Twitter. Is that what CT means laser focused on, on crypto Twitter.
See, is that what CT means when you say CT on crypto Twitter?
You got it. You've been in this space for 10 years, Ron. You, you've got the, the.
Yeah. Right. So we are, we are laser focused on crypto Twitter.
I still have the YouTube channel. So live streams are streamed onto Twitter or X and YouTube. And now also,
because a lot of the, you know, people like my parents and a lot of the older people are really
Facebook centric. So now we're also, the stream also goes onto Facebook, the Ron's Basement
Facebook page there as well. And yeah, I mean, we are, we're keeping it simple
and keeping everything right now focused on Unicorn Fart Dust, the token. You know,
there's a lot of other distractions and we're kind of being open source and let, you know,
our community is doing some awesome things and it's unbelievable. but, you know, we are laser focused on one thing. I mean,
I'd like to say my horn is pointed at one thing, uh, because there's so much potential still,
right? I mean, it's going to be a long, good ride. Uh, so we are just focused a hundred percent on,
on, on the beans, on the unicorn fart test token in the community. And, and we're doing that, like I said, primarily through, through X.
So that's our, that, and it's where, you know, it's, look, I mean, this, what, what this
community is doing, the gentleman we just heard from all over, it's, I mean, it's all
So that's, that, that's what we're doing right now.
Do you, do you have any, and I think that's brilliant.
I think that's very wise on how you're doing it.
And like you said, it's working.
Hey guys, can you hear me?
We'll bring Ryan back up here in a second.
Do you have any future plans for,
like any of these in real life events?
There probably hasn't even been an in real life crypto conference or anything.
But are any of those on your roadmap?
Is there anywhere we might see you in the wild at some point in the future?
I would imagine at some point.
That would be great to go actually be able to meet people in person.
But now it's only been, I think, yesterday was our one month anniversary.
We're so early in this process. And there is so much growth potential right in front of us,
just like I just said, right? You know, being laser focused on nothing but the community and
the coin, the token, the bean, you know, the unicorn park dust bean. But yeah,
I would imagine I like to go places. I like to meet people that, and of course, then we have
the duster, which will be, you know, over time traveling many different places so that I can
meet up with people. And, you know, we've done things, you know, very strategically. And it is such a precious thing to me that anything we do, you know, will be done in a very thoughtful manner. And with the intention that we just continue what is what feels just like, you know, boundless growth opportunity for the UFD token.
I know you said your mother's on Facebook.
She won't get a chance to listen to this.
We do have, I pinned up top,
this recording, well, it'll be in our timeline,
but then it also goes out to all the podcast platforms
So for anyone else that's missed the interview
or wants to catch the playbook or the playback,
excuse me, you can hit that usually mid-afternoon. Those are live every day. But Ron, is there anything,
and if anyone else has any questions, we'll do our best to get through hands here. But is there
anything we haven't asked you yet this morning that you were hoping to share with the group?
You know, no, you're doing great. I mean, to me, it's simple. It's super exciting,
real, it's simple. It's super exciting, but also super simple. Community creates value. The value
creates price and the community gets bigger, which creates more value. And then you know how that
goes. It's a spiral of good. So no, you're doing a great job and it's great to get to talk with you
and talk with and hear from people in the community.
So no, you're doing awesome.
Like one of the things I love about crypto that I've always said,
like that makes me happy here.
And you can see it with Ron and others is that it's one of the few spaces in the world where you can authentically be exactly who you are and you can
find somewhere and someone who is going to ride with you and jive.
I mean, there are different types of spaces and different types of, you and jive, right? I mean, there are
different types of spaces and different types of, you know, shows, but it's like, you're just coming
out here being Ron. And by being Ron, you know, people like myself, Cap, others say I gravitate
towards that. And I think, and I guess like one question before we go to, go to Jane is like,
do you just think that, do you think part of the success of this whole thing is that we have this world where I think there's a lot of people who use all these Instagram filters and things like that.
And you just have this authentic nature where you, like, people are drawn.
Do you think people are drawn towards the authenticity?
And that's part of what makes the community so magical is that everybody just come as you are?
Because this is where, I mean, people at first would say, is that really your basement or
I'm like, no, this is really my basement.
No, that's really a giant teddy bear that I bought with my daughters at a garage sale
was. I think people, I sense, and I sensed this long ago on YouTube, that we all want to belong
to something. We all want to be part of something and have a shared mission. And, you know, look,
I just, you know, it probably evolved over the last 15 or 20 years. I've always learned and realized and lived like I want to feel good.
And one way that I know that I can feel good is by helping other people feel good.
Whether I mean, like I know my trash man by first name.
I've lived in this house for 22 years or something.
I knew my mailman for 20 years by first name.
He still comes by my house now that he's retired.
I just think that the people at the drive-thru, at the McDonald's, up the street, that it feels good to be good.
It feels good to be nice to people.
It feels good to be nice to people.
And to whatever extent this community, and I know that it is, is a reflection of that.
And this journey that we're on together that people, you know, are maybe with in the modern world sometimes get isolated.
And, you know, and most of this is going on on X.
And that, you know, and most of this is going on on X, but when people can interact with each other in a positive, good way and kind of create a movement like they have, that it's very invigorating.
And it's, you know, maybe it's time for that in the world. I don't know. I'm not going to say I'm, maybe, well, you know what, we are changing the world, right?
Like, I remember hearing somebody once said to me, like, 15 years ago, like, be the change that you want to see in the world, right? Like, I remember hearing somebody once said to me, like, 15 years ago, like, be the change that you want to see in the world, right? Don't sit around and say, oh,
that's bad, blah, blah, like, do something good. And when you do something good, you know, you are
part of that change. And I think that's what the dusters are doing right now. And, you know, and
and maybe, you know, we're doing our part and who knows
how big it can be yep did i lose you no it it is oh sorry i think uh cap i i actually have hit the
in route to uh to a doctor's appointment but i i you know i uh men of a certain age as we know
need to do these things but um why do you want to throw to jane here but I, I, you know, I, uh, men of a certain age, as we know, need to do these things, but, um,
why do you want to throw to Jane here and then Cap,
what would you take from there? Jane, Jane GM.
Hello everyone. Thank you so much for even having me up. Um,
a big shout out to Ron. Thank you so much for UFD to the community,
to everyone for showing up and showing out.
We needed something like UFD,
honestly. It really is just so... I can't even muster the words right now. I'm just so happy
and so thankful to everyone. Thank you to the host, the co-host for hosting this space as well.
And we just hit a new all-time high whilst being in this space.
And this is just only the beginning.
Sorry, I'm just very excited.
And good morning to everyone.
I was going to say, it's funny.
I think our audience is uniquely positioned for Ron.
Because again, we have this really, I think, smart, like, uh, like really intelligent,
really friendly audience who's very authentic. And because of that, I had a feeling people were
going to get excited about this one when they came on and, uh, uh, it's resonated, but, uh,
cap any other, any other questions or any other thoughts? I know, I know like, I mean, Ron's been
super generous at this time and I've, I've really enjoyed the conversation. I have, I was already a
duster. I bought more dust since the space started as it's been going um i don't know any other
thoughts there yeah steve and i both doing live buys today that doesn't it happens every once in
a while but it's certainly not did i lose cap i might have lost cap yeah i think steve you lost
me but uh uh no no worries we will we'll take it home here um ron i just again i want to say thanks
it is i truly mean it it's been refreshing to watch your story, to follow along.
And yes, there is some financial incentive there,
but it's so far beyond my, you know, my beans.
This is a, I think it's the story of the cycle.
I think we're going to see a lot of people, you know,
come into this space because of your story.
And you're breaking down.
You said you're keeping it simple so many times.
And I applaud that because this can be an extremely complex and overwhelming space to many.
But by focusing on community and having fun and the positivity, at the core, I think that's what kept so many of us here through
the last bear market and kept us building in crypto. For being new to the space, I couldn't
think of a better way for you to be growing this brand and supporting this community with what
you're doing. So I really just wanted to say thanks again for all that you're doing for the
space at large. Thank you. And thank you guys for having me on. This is great. Maybe
we can do it on a monthly basis or something like that, because, you know, I sense you guys are good
people. You're dusters. I know, right, we have a bunch of people, individuals that are out there
that are joining us this morning. Like everybody
matters. I think it's important for us to get together and, uh, and, and to talk about the
good that's going on and it's exciting. And, uh, thank you again for having me on and thank you
to everybody that joined us. It's been, it's been a great experience. Absolutely. Really appreciate
your time. Once again, I know we kept you far longer than we were expecting. I did pin up top
the, there was a post from, from Kip, Kip reminding people to remember to vote for this KuCoin listing.
I think that's pretty straightforward, right? It's just the community can vote for their favorite coins.
And the objective of the goal there is hopefully get a KuCoin listing. Is that right?
Yeah, that's my understanding. Remember, I'm, I'm still a, I'm still a crypto novice, but yes, I understand it's a contest that, excuse me, whoever wins the
contest then gets the token listed on KuCoin, which would be a great thing. I mean, we're,
there are so many great things happening right now with unicorn fart dust. You know, in my philosophy,
philosophy is like under promise over deliver. So, you know, there's a lot of fun, exciting things on
many different levels that are going on right now. And the KuCoin contest, I think, is one that's
more public for everybody to see. But yeah, it would be it'd be great if we, you know, the more places we get listed.
From what I understand, again, I'm not a crypto guru. I'm I'm a you know, I'm a I'm a I'm a new person in this sector, but it would certainly be a great thing if our community continues in that contest to show the support that they have.
menus in that contest to show the support that they have.
Absolutely. Well, again, we thoroughly enjoyed the conversation. You're welcome back anytime.
Shoot Steve or myself a DM if there's anything we can help amplify. I will, one of these,
whether it's one of the NFT conferences or a crypto conference, I would love to meet you in
person, shake your hand and just show some appreciation for all that you're doing. I know
it's work. I know you're having fun, but Steve and I do this live five days a week for 816
consecutive weekdays. Seven days a week is an entirely different animal. And that is work,
even if it's fun. It's still a commitment that is certainly recognized and you deserve all the
credit in the world for that. Ryan, who jumped up earlier, he just wanted to pass along. So this was so great. Thank you all. He just wanted to say that this is a genuine community
and it cannot be faked. And I'll double tap that because from the comments yesterday,
the support today, there's something really special here. I know you already recognize this,
but the word I keep going back to is refreshing and excited to see what comes of this.
Yeah, it's, I can't put it into words, but, you know, like I said, I'll keep showing up every day.
I know the dusters are going to keep showing up every day.
And I'll look forward to being on here with you guys again.
Excuse me, you've done a great job.
I know, you know know you've been successful and
there's a reason behind that. So thank you. And thanks to the whole community, everybody that's
joined us and go UFD. Go UFD. Steve, I think he's en route to a doctor's appointment. I wouldn't be
a good friend if I didn't at least acknowledge his book. He wrote a book called The Everything
It was the first article on NFTs to be published in the Harvard Business Review.
And his Everything Token became a bestseller
published by Penguin Publishing.
So if you're looking for another resource or tool
to help educate some of those others,
whether it's the gold and silver space
or others in the community that just have deeper questions,
I can't recommend The Everything Token enough
for just a good education. That's
a different perspective than you see for most in the space.
That sounds great. I'll definitely check that out. And thank you.
And if you want, if you want to send, I will send you a signed copy. If you are so interested,
shoot me a DM, no obligations, but I would love to get it in your hands if you're interested.
Okay. Well, I would like that. My, Our mailing address is in the pinned comment of our, what do you call that?
Twitter profile, I guess.
There's a pinned comment.
We have a mailing address there.
I would love to, you know,
that's how we learn is from each other.
So I would love to read your book
and I'm sure it would open my eyes in many ways.
All right, done deal deal thanks for coming by
this morning ron we appreciate you very very much thank you i appreciate you guys and have a great
day and i'll look forward to talking to you again okay love it all right see you bye-bye thank you
thank you steve i don't know where to go from there any any final thoughts
what a palate cleanser that is for a lot of things that you see in this space right like you see a
lot of stuff where it's you know like you have these you know you'll have these things where
you're down or you see maybe someone does a rug pull or you see a scam or you see someone getting
drained and then you have a conversation like that and it brings you all the way back it reminds you
it has this vibe of the communities that we came in for the reason we
are here and I think that's what gets me so so excited about this and it's why I already had a
little bit of a bag and I bought more live on the space apparently other people did as well as it
kind of shot up and it wasn't surprising I thought that as it was shooting up I was like you know
our audience is probably uniquely positioned to say we get Ron, we understand him.
We understand the authenticity and we love that.
And I think it's one of the things that we try to, you know,
be authentic here every day.
We bring our full selves at each and every day.
And it's, I mean, every little, you know, diamond hooved and, and,
and, you know, the buttercup and all, and like all, every,
everything about him is no Crocs Maxie.
been on this for a hot minute um but i've uh i'm all over it so i'll toss it back to you and uh
and uh and let you kind of keep going from there and let me know i'm ready to close and heading
down towards this thing but i mean what what an interview i i feel i feel refreshed and inspired
same i that's the word i keep going back to it For all the talking about a lawsuit and some not great things and how that might look in the public eye, this is the polar opposite of that.
I don't know how you could listen to Ron and hear a story and not at least get curious. Not at least, okay, something unique is happening here that's not normal in today's society.
Ron Fronten in the War Room says, Ron isn't the hero we deserve, but he's the one we need.
I'm not exaggerating when I say I think this is...
I don't want to put any sort of main character jinx on Ron, but man, is he just such an incredible character
to onboard an older generation of people to crypto, right?
Like, I'm going to send my mom this recording
because she knows what I do and she's very supportive.
And yes, she's outtraded me with her bag of XRP.
But I don't know if she fully quite understands
the people that I've been fortunate to surround myself with in this
in this community he's building is,
man, there really is some magic there.
PFP in the ecosystem was supporting, was
retweeting the space or commenting,
I don't want to go back to Wagme
because everyone's not going to make it financially.
But this attitude, this aura of positivity
and working together and helping each other out,
it's just, people want to be a part of it.
It only happens when it's authentic and genuine.
And man, the guy's a pro.
He's well-spoken. You can tell he's been doing the content game for a while, but how quickly he's picked up on... We'll get him the correct
pronunciation of D-Gen, but that's not a slight. I pronounce every third word wrong anyways.
But how quickly he's picked up on the vernacular and CT, it really is impressive.
And you can tell that he's passionate about what he's building.
He's passionate about people.
I think that's my biggest takeaway.
And I am grateful that we have a leader in this space that is everything Ron is.
So Chief, GM, always a pleasure to hear from you.
What brought you up this morning?
Sorry, I'm at my daughter's dentist point right now,
but I just wanted to say,
I just remember talking about the last conversation we had
and talking how excited we were about UFD.
And this even proves even more with this,
that he was just such a kind guy, understands everything.
And even what you said with the gen,
when he said that, I was like, dude, you you are the best and i truly think this is like he just gets it he understands it even like we
talked about coming down to where he's streaming and he has all the stuff in the background through
his basement this is everything i think we need now and i hope his community and i hope this kind
of kickstarts the actual bull run, but I actually
think this is something that we
Having him on was absolutely
amazing, and I think having
him on monthly would be absolutely amazing.
That's all I wanted to say.
conversation this morning.
I did not expect my expectations to be exceeded to the level they were, Steve.
No, it's like, it's crazy.
And to Chief's point, I mean, I remember the first time I saw Ron's basement,
I'm like, this guy was built for Web3.
His basement is all of our basements, right?
It's like the collections, the everything there.
And I just, I will, man, I just, yeah, I felt very,
like, you see people like this sometimes and you say,
Is it like, and you talk to someone
and you can feel the authenticity
when you're having that conversation.
You can feel how seriously he takes this.
And I think it's just something you can't fake.
And this is what community is. how seriously he takes this. And I think it's just something you can't fake. And it's,
this is what community is.
it makes you want to be part of what he is doing.
there are so many meme coin communities that I fade.
I can't vibe with them or it's not my type of people.
it feels like there's a lot of financial interests and there are plenty of
people who have financial interest in UFD.
But I just think that like, for all the corny people who are like age 35 and over, you feel like you
found somebody who's like, this is the meme coin for me. I am a corny father of two who's 41 who
lives in the suburbs. And I just, I feel like when I listen to him, I'm like, yeah, that's my people.
That's the group that I'm part of.
Like the way he kind of has like the little puns and the jokes.
It's like, Ron is somebody I would hang out with.
Now I know he's not for everybody.
I know that, you know, you know, very cool, you know, zoomers with like mullet cuts might
say, this isn't a guy that I'm going to hang out with on the weekends.
But for us, like that's our type of fella.
So I'm very excited. And like,
not only that, it's just like the way he genuinely promoted his appearance here. It was like,
we talked about it cause we wanted to put it out there. He put out multiple tweets saying,
Hey, tomorrow I'm going to be on this. Make sure you come through. I'm going to be talking to some
people. It's like, he really seems to be embracing everything that this is. And I don't know,
I can't get enough of it, but you know,
I'm going to need to jump in a second here.
I don't know if we have any,
I don't want to try to top that.
that's actually about the perfect way to send us off into our weekend,
especially a exciting weekend before a national title game on Monday.
Any other thoughts you have on your end cap or any other news we wanted to
do you want to try to top that?
Cause I don't know. I don't know if I have it in me to top that but i will just a few quick
reminders and i'll let you close this out here yes everyone have a wonderful weekend go
invoke more ron in your in your day-to-day life like it just i am truly leaving like inspired and
pumped up and and i know i've said it like 17 times,
but I just, I feel refreshed.
because this is what we need more people like Ron
who aren't just here to make a quick buck.
And I just, I don't sense that at all from him.
And the work he's putting in,
And I'll say this, we talked about community being such an incredible utility during the
NFT run of 2021, 2022. There was some debate on like, oh, a meme coin that's just, it's
not a real community or it's fleeting community or they're just waiting for the next shiny toy do you see now how a memecoin community can be just as powerful and
as exciting to be a part of as you know top nft communities yeah i mean i always saw it with some
of them it was just there was so much to sort through there and i saw it with a handful of
them and it was hard for me to really believe people's intentions this one makes all the sense to me um so yeah I'm with you like I think it's
a great way of saying try to try to act a little bit more like Ron today and then in closing and
I'll hand it right back to you I pinned up top all the way to the left there's there's four posts I
want to call out one is our link to our podcast if you if you've not checked that out yet we would
love a follow over there we do a Steve and I do a really poor job
of pumping our guy Payne,
who works really hard every day
to turn the recording out,
and out in the podcast sphere.
Even if you caught the whole interview today,
we'd love any five-star rating reviews over there.
It goes a long way towards amplifying that.
If you're looking to share what this space is about with a friend, a family, a colleague,
I think this interview is going to be right up there.
I'm sure Mackie will have some incredible clips coming out of this one.
But yeah, that recording is up there.
It'll also be in the feed after we wrap up here.
But go hit our podcast feeds.
And then Steve's Everything Tokoken book's up there.
The link to vote on the Qcoin listing is up there.
And then Ron's pinned post is up top as well.
Give his YouTube channel to subscribe.
I think that's the least we can do
is give him some support back today.
He was only supposed to be here for 20 minutes.
So went way above and beyond his commitment with us and greatly appreciated. But on that note,
Steve, I'll let you take us home. And again, just want to thank everyone for tuning in and all the
support. Welcome to all of our new listeners. Hope you come back. We go live every Monday
through Friday at 8 a.m. Eastern time. We typically start with a cold open for 10, 15 minutes and we
talk about news of the day. And often we'll be fortunate to have a special guest
like Ron join us around that 9 o'clock hour
but we'd love to welcome all of you back
barring something unforeseen we'll certainly be having Ron
back on at some point in the future
Yeah I totally agree sorry I keep coming off mute
I don't know what my Tesla's doing thankfully it was
driving me to my appointment so I could
be very much locked in here but it keeps taking
me off mute so sorry if we got some background noise.
But that said, we'll send everybody off into their weekend.
Great talk about everything from abstract to government regulations
and where they're going to UFD.
We will talk to everybody bright and early Monday morning at 8 a.m.
Have a wonderful, wonderful weekend, everybody.
Thanks for tuning in to Coffee with Captain, powered by 8Point.
We hope you enjoyed the show, and remember, nothing we discussed today is financial advice.
Until next time, keep exploring, stay curious, and we'll see you soon.
Have a great day. Thank you.