Sol Trades 🤘

Recorded: May 23, 2023 Duration: 0:55:00

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Yeah, I got a host today, so I figured you're always one of the first ones in here figured I'd throw you the co-hosts and buy we'll try it out and try it out for size we'll see we'll see how it works, but I feel like you've earned it since you're you're always you're always in here, so how you doing brother? How you doing brother?
I'm seeing all these fucking announcements coming out for some projects and I'm like, what the fuck dude, I stable last night and I'm out and you're trying to fomo in and I'm like, don't fomo, don't fomo. Because I think we go to 18 maybe hopefully by next week and then I make like 30 sold by stable.
Dude, that's the way my play is. Legitimately, it's tough. Whenever you stay, you just have to like, fuck off. You have to just not look at it because then everything just looks more peeling. Like you look at it and if cheese could really run, but like literally yesterday, where
like NFTs are dead. So it's just it's this weird like you what you don't have you want type of thing grass is greener on the other side. There's some decent movement from from soul like I actually managed to stable up some yesterday on that big candle like a
around in the low 20s. I just took out like a decent chunk, but I still have quite a bit of like my liquid left and then I have like whatever NFTs I still have that I'm just kind of playing around with. But I think today like that asset that
I mean that's wild. That is wild. That is absurd. I literally, if you would have given me 100 guesses to guess if Asset Dash meant so, I would have told you no 100 times. Like it just, I cannot believe not only did it meant so.
but the fact that it did it in 16 minutes, absolutely insane. Absolutely insane. And the fact that it meant it out and it's above me if I'm not mistaken.
I do that, but I know a lot of things are going to a lot of fun because I guess people that want to care why they couldn't even meant when they were originally told guaranteed a meant but it looks like I don't know if they made an official announcement but they commented back on a tweet like five days ago saying it's no longer guaranteed.
Yeah, it went only through that tier one or tier whatever the GGE was like the something I can't remember I think maybe it was Caleb saying that this morning he explained what it was but like it only went to that tier and that thing went
so fast. Like 16 minutes, it was done. Like if you slept in, you're like, oh, let me catch this for my tier one or tier two, zero percent chance you even got to mint it. I haven't seen a mint go that fast for 10k.
And like a year I seriously don't know a project that has been set out in and 15 minutes for 10k at a 1.1 million dollar raise like It may be Maybe ever because like all the other ones were you know you even had okay you have this small amount for OG and
And then it goes like I thought it was pre-sales that were just like they were like allocating them in slowly. And I don't I always still don't know you know what's happened it happened fast but No, I think it was like legit and maybe they had a lot of cross-chain people like they said they did it's actually good
a nice run right now. It's pumped back up to almost 7.4 sold again. I need two more to go through before I am literally on the floor right now. So I would love to, if someone would like to buy two more of these, that would be great. But yeah, it's just crazy to see that. I mean, 1.1 million dollar
rates, 55.5 K Salana, and I don't think this was super active Salana users. Like we're at 3591 buyers today, which is great. Quite a bit. 101 K volume, which is huge, because like we were sitting yesterday at like 2300 with 60 K volume. And I was
like man, this is how much we literally would need in order to to meant this out. So I think it was this cross-chain buyer stepped in. So there is a really good chance that if this was cross-chain people, why I mean we're up to sole over meant maybe we we steal away a little bit of liquidity from from some of these other chains because basically
there are somewhere around like 20 EMG or something that S/A-Services with their app. So that would be pretty cool to kind of see. Also feel free to anyone that wants to request today. I have the host of this account. No one can ask to make it from our team. So feel free to get up here, contribute to this
Conversation on that else we get really to talk about besides asset dash today Nothing else really minted nothing else that I know of that is coming out. So I think there's a deejimment block block bomb. Oh, yeah the block block or some shit. It's from the alpha There I'm probably got a big coin right now
I mean for the fact that I think it's around 0.2 of a minute, I mean I think it'll do 5. I thought I'd do that. I was in the space two days ago when they said that they didn't have like no one's ever done bombs before. Has anybody older enough to remember from Obama's that deejInment?
No, I did not know that. I'm always scared whenever I see something from the same people that have like released something recently. That always kind of scares me.
me. I'm also looking through like their team and the people have OGs and stuff. Like, you know, we got we got run up there. He's a he's a head mod clutch who's in here quite a bit. He's a bomb leader. So there is some
people that I realize recognize the names in that side. I don't have. Let me see. But I will say I think this is what I got later.
so with the thing to reach the Ecosolum in the discord I think they only have that role because it's launching on a lick 3 so I wouldn't want to use that as a reason to be bullish on it per se
- Not that the team's shown any fail in that because I mean they're doing top volleyball. - One word. - Are they using that elixir like creator protocol? - I think so. - As well, or is it just the launch guide? - I think so, I think.
from how I've been getting some details. It sounds like this is gonna be like that test project that's gonna actually try out the whole new thing.
Yeah, mom, I'm excited for it. I've been saying for a while that it felt like this was like right after the meme coin run, but if you guys remember, like, honestly, this time last year, this is when all those like, Dejan projects really had like strong run. So this was around the time of like, Gothic Dejans and it all came after that. That was really
big that whatever mob infected mob and that like art style. Yeah. Yeah. And it kind of feels like that is what is like next for the cycle again. Like if things do start to repeat them.
themselves. Like when you are really bored when you don't have a lot of liquidity things that really can have a lot of success or like these degenments because they start super low, you know, you're asking for one like if you are asking for 5.5 sold, that's a lot for people. We meant it out so fast down that was shocking.
But the majority of projects are going to do that. If you look at the two weeks prior to this, we had two projects that struggled to, or not even meant to out their actual collections. They had to drop splice. Still didn't really meant to out. So there really wasn't a lot of like, avid happy buyers in the ecosystem. But this
one was able to just run and rip. But it seems like Dejan Ments are like so easy to get behind you like, alright I could throw point you know one six soul at this and worst case scenario it just doesn't work like I drop it it's fine I don't really care. But you know best case you know these things run up and they tend to like run
into one to two soul. At that point you're still sitting pretty good off of your cost basis. I wouldn't be surprised to see some of those. It is a tough thing with that DeGinMence. If you don't get whitelist, you're fucked. You can't be a buyer at 15 times, 20 times the net price of
everyone else like maybe the first one that does well you can be but the ones after that it's like you know people end up having like 50 minutes and you know you're you're you're renting out a decent project it has like 200 unique holders and then everyone else that's buying is doing it at 10 times the cost basis of these people that are all just going to take
profits on you forever. The team raises a total of like 400 sold. They're not consisting of 400 sold. So inevitable until they probably just put it in the dirt. So we'll see you
happens. Oh man, someone just swept the living shit out of acid dashes. I got a 10 sweep right there. But I was going to say, no, well, it's just like shit coins. Another first couple coins, you could be that secondary buyer, but not at the beginning. But not one thing that I saw in the timeline.
I'm tempted to get one because they're sitting way below four and that's so low risk compared to anything else that I was talking about buying. That's what I'm looking at right now. I'm not trying to restable. I'm trying to sell a JPEG to just go buy that JPEG.
Dude I I did not look at dandy so I was looking at him before enough to see because like it was Something works like if you bought a dandy you can go to this dandy's brunch the dandy's brunch was like all you can you all you can drink I was like oh man for like four soul that's that is not too bad so that was the glass
I just looked at it and I haven't done much. Also holy shit, I just looked at a map. They're back up to 64, 65 or something. So they've had a nice little run this afternoon basically in the past day, pulling from around 49 to about 65. So I actually swept up previously.
local top they had there. So that's the first time that they've broken out of a local top really since they've tried their back downwards. So I'm interested to see if they get continuation out of here. It's just another kind of fake out and you know that they're struggling. I saw a bunch of posts that they had like 300
I have teas in the Haiti football 312 right now. So HG has done a bit of sweeping himself there, which is always interesting for projects. But yeah, curious to kind of see that. What's up buddy? How are you doing? What's up, Queen?
nice to talk to you. It's been a while. Regarding the dandies they're doing an event I believe it's this weekend in London with Hello Moon so I think that could be a little bit of a boost for them. So that's pretty cool.
their part. But yeah, no, I think I've been kind of a steady on like investing in stuff. Obviously like we just don't really know where we're going and we anticipated just a slowdown. So
I'm kind of just hanging out, but it is cool to see mad lights kind of bumping up a little bit. I don't think we'll see a run anytime soon, but I could be wrong, but just right now looking at everything on my air, we'll see. So.
It has been just very slow and overall like, I don't know, it's just scary. We see it as something today like this one meant it does well and then it's like, you know the next one's going to come and everyone's going to ape into that and then it does the opposite.
does bad. And it's kind of like, the people are just a way to say, I don't know, when there's not a lot happening, like the people seem to be eager to like to pull a gun and make this back. You see Sharky hit an all-time highway, which is absolutely nuts to see a project make an all-time high, like a pretty decent all-time high too in these conditions.
is really impressive. So I've tried to just sit on my hands and not deploy into it time just because I don't want to chase until I really think the market has turned around a little bit. We're seeing like bottoms potentially forming on some projects which is really nice.
And I feel like too, it's like, it's never the same projects that were just hype and we're just running. They can hype again. It's going to be like older projects and things that have like more new catalysts kind of coming up. Like so something like library square, you know, where they've been working on legends for a really long time. Like and they've been super, super quiet. That's one more like I
I think has a lot of potential and you look at something like you know madlabs ugi Wolf capital the ones like just came out right then or it's like you know they kind of need to just cool off for a little bit before they go on another run you know not that they can't but it's just like whenever something just goes up
and then comes back down. Everyone's like really thinking that thing's gonna run again. It's like it really is hardly the case. It's usually like it cycles. They go through to the next round of projects, then those cycles, then it comes back again cycles through the next round. So I'm trying to look at some of those that I think can happen. I actually did buy 2 UGS. I see a little difference.
there. I probably have more UGS than E does now, but I just don't know if they require a brusharky. One of those sympathy plays, I kind of look at it as a GEN2 almost now, just because they're owned by the same people that sharky runs. Maybe UGS runs, I don't know. The big sweep that
came out on charkey today was a fifty sweet by the number two wall so that kind of made me be like that was blue that was lu lu got out the broom today uh... lu i see came up here buddy what's up man just in the bathroom it's his cake factory
Make sure you wash your hands as well. You're using it or cleaning it.
I'm gonna take that as well. - Oh, I definitely clean it. - Oh, well. - Yeah. - That too. Now, you know, say, "Super-Ozile, you're trying to break down again right now. They're at like 9.6. So I'm keen to see if they get to 10.
what's gonna happen there for just gonna retrace back all the way to 8 or some shit. But they've been slowly trending upwards for the past like 2 or 3 days.
They're full of paper hands. Uh, Dup. He's gonna look at my wallet and they're full of paper hands. I've never seen it on actually I can't I can't say I've seen balloons go all the way to five and immediately back down the two. So for all people are such papers. I don't want to hear liberty being paper hands, Capita.
We're out here flipping for $3 really. Oh, we're fucking making a bag like hold on to that fucker Let it let it run on extra soul before you start flipping for cheeseburger money. Come on Bro that was on acid dash today. I was like all right. Don't have white list. This is meant now. I was like, you know, I'll just
I'll throw a couple snipers out. I literally sniped at 5.5 sold. Literally the amount price of a project that just meant it out 10k in 20 minutes and I got a fucking fill. I was like who? Who just meant it this out? Saul it go in 20 minutes and then sold it for the price you meant it. Like it wasn't even like it slow meant you know.
5.5 let me kind of get out of this like it went so fast and they sold it to me at cost I was like so on it will never change and then to the that one is interesting because since there is probably a lot of other like cross-chained people that one was probably funny because they were like oh shit like you know we're not used to sold people were like these people on the other chains probably
I bought it, forgot about it, aren't I? I'm gonna look at it again. You know they're just in for that. We're all here like oh shit. We're up $4. You're right. You take profits on it. So you know we dumped on them. It has actually had this like strong accumulation day where it's just been chopping in this like it's been consolidating in a pretty strong range. So I don't know like#
Pass is gonna go because I think it's to like the 13th or something until they release like what with the very first part of their Next step is for this. So I mean right now it's literally shit going like there is no rarity. There is no art. There is no anything else So it's really not like super exciting or special or fun to trade but
Yeah, I don't know man, it's getting I mean it's getting a lot. There's like a good amount of volume 106k I think even since we started this call we popped in an extra 5k I mean I think you're gonna tribute that a lot to madlabs We got 26.8k volume today and asset dash is 21.4k so like those collections alone are accounting for like
over half of the volume, which is pretty substantial. Actually, ABC is number three, which is shocking. They're back up to 33, whatever this haids type announcement that they were having yesterday. And we saw a haids pump and it was the literal epitome of that meme where it's the guy who's like, it's 1% gain and he's like, whoa.
like that is exactly how it felt or like hates is down substantially but everyone's roaring for this 2% pomp that it's had off the bottom so. That's a double. I think that is a W. So I've been here in rumors that they're going to Bitcoin. Is that is that is that true?
That's confirmed. That's okay. Thoughts.
It's not surprising. What is it that they're doing? It just could you know like what it is they're doing on Bitcoin or they're starting an ordnance? I just know they're going. I just know they're going to they're they're merging to Bitcoin fully. I don't know what their intentions are. I mean they're
But utility wise, only so much you can do. They can't have any big utility aspirations. They're not going to create an AMM on Bitcoin. So no idea what they're doing, maybe they just think the art is well-suited.
to be on Bitcoin, which I guess it kind of is, right? Like I get that art, like seeing that on like an ordinal's marketplace would kind of make sense, but no, I really have no idea. I will get my niece to draw me the same photo for free.
Yeah, I could just never put my weight behind any part of that. Like you stake it for Hades, which is, in my opinion, a pretty useless token. So like, I just don't see how it doesn't have the super shadowy coders type just
pump and then it that we already had and then it just inevitably goes to zero because essentially you're using that as a vessel to staking get these tokens. So like the tokens that price as well like with the emission structure I don't know how aggressive it is and like the releases but it just I don't think the
NFTs are necessarily going to appreciate and value. I really don't think ABC Capital or whatever it was called, ABC Ventures. I don't really know how valuable it is to be in there personally. I'm not in there myself, but it just seems like a lot of like the enigma guys.
Again and in the AMM crew that's in there so like maybe it is it is worth it to you but like let's see you have to have 30 of them and right now the USD price even at this is like 660 bucks so like I don't know what's at 18k or something that you'd have to have to get
in there like that you could have a thee god or something someone says I just don't I don't see really the value kind of in there. HD has been a little bit quiet which usually kind of makes me think he's cooking some stuff up or maybe he's back on magic. So all back on magic and every magic is to BTC then wraps them in soul so that you could still
stake them for hates like imagine imagine he did that like I don't know I and I've heard a lot of talk recently and I'm through like any use case for a soul but I don't know I'm not a huge fan of wrapping BTC NFTs on bringing them to soul I just I think it defeats
the whole purpose of a BTC NFT. Like it's in my opinion, that point no different than like a regular Solana NFT. It's just taking it and wrapping it so you can add like utility and like functionality to it. But like the whole purpose of being on BTC is to be basically like an archive and be pure in your
just completely going away from that by wrapping it. That's like, I always said, centralised layer 2 on top of Bitcoin is not decentralized. That's not me calling Salona centralized, but that's the lightning network and all that stuff. I've just not been a big fan.
No man, I mean I'd completely agree. Even ordinal, it's a little bit strange to me. I saw a cook capitol, I actually had a pretty funny video today where he was just talking about how everyone's just going to the next new chain and it's the same group of, you know, shillers that are just shilling you.
The same stuff they're always showing you, whether it's here or somewhere else about what's happening next and you know like talking about pulse chain because I've seen that one get talked about a lot. I'm not sure if anyone's like familiar with pulse chain or hex or Richard Hart or like any of this shit that they're doing but to me that one that one just has absolutely cracked me up like it
listen to Everett Deer Self-Favorite just Google Richard Hart and just like look at him and watch a single video that he has ever posted and then like it do that before you'd ever buy anyone of his assets. Like what he said with Hex the whole point of it was to lock your money up so you because you're too stupid to manage
your own money, that you lock your own money up so you have to protect yourself from yourself. And that's literally the thesis behind Hex is they're just doing this, locking it up, and then the value of Hex just goes up because no one can touch it because it's all locked up. So it's interesting. It really is, but it won't
get listed on CoinGecko, you can't trade it on most of these major exchanges because a lot of those things. So, Pulse Chain, I swear, that's when I talked about since December of 2021 where they were really talking about that a lot and it finally is getting ready to come out or came out. I'm not really sure, but Ordinal's in
I don't think that they're quite like that, but it's the new type thing. BRC20 tokens, I really don't see any purpose at all in those. They're just more expensive shit coins that may be. Thank you. Thank you. Some point would buy. No, you're not installing someone who didn't do wireless. I get the ordnance.
I think it's the amount that completely opposite spectrum. I don't like the ordinals as much because of the pollution on the blockchain, but BRC20s act in as an extension of Satoshi's, mean that we could potentially build utility that just verifies those BRC20s or
even allow people to use them in some sort of payment method style where like, okay, it's really, so you always talk about this bank thing on bank thing and it's like, I don't necessarily believe in like world peace and shit, but like if you want to play a hypothetical, being able to turn a Satoshi into a larger number of
of like value based assets on Bitcoin has some very interesting implications depending on who wants to back it with what because now you're talking about being able to back you know one Satoshi inscribed that into two million tokens and then back those two million
tokens with 200 Bitcoin and now all of a sudden you have a fund and you could set up a pool where people who performed said action each day or miners get distributed these BRC 20s for each block that's confirmed. Like you could build value or Michael Sailor said something about like what if he made a BRC 20 and peg
his assets to it are made synthetic stocks that they were backed by and people could trade that. And it just, that's been done on other blockchains before, but never on a blockchain that's fully decentralized and completely immutable like Bitcoin. So it starts to pave this narrative that like, perhaps the
21 million supply issue is not actually that much of an issue if you want to do something secure globally when you start factoring in BRC 20s but that's the technology which is not what you guys are seeing right you're seeing people grab
every four letter acronym that fucking hits and every emoji that pops and then just dumping it on each other you know it's a shit show so when I was looking through there I thought well this is nothing but chaos and like like literally just dumping on each other like this is literally just hype and bullshit
in chaos. But the technology is really unique. So let's build something with the technology and kind of show like, hey, don't forget MFRS, the most interoperable blockchain is Bitcoin. It's like, yes, it's not very scalable. We all know that. But it is the most secure
It is the greatest computer network in the world. It is fully decentralized. It is completely immutable. It cannot be turned off. You can send transactions over radio frequency for fuck's sake. You know what I'm saying? Bitcoin is the greatest thing that we've been given the pleasure of seeing
in the last decade. Okay? The fact that there is now a way to perhaps just maybe create some opportunity to build a mutable utility on that chain. Well with it being fully interoperable, you could interface with any other chain
So, like, our thought is could some of our Salana technology create scalable utility for BRC 20 and ordinals? I mean, come on. That's got to make you a little excited, Salami, right? Like, to think that you could leverage
the power of Bitcoin and its permanence, but then show the dominating power of something like Salana scalability and bridge those two things because one of them uses rust and the other is built on C++. Brother, ask Rajan Anitoli.
Don't teach someone rust that is coming from JavaScript blah blah blah. Find a C++ dev and have them learn rust on the job. And that's how Saeed worked. Saeed learned picked up rust and was programming and rust on chain in like two weeks.
Because he's got ten years of C and C++. Well, it's like what the fuck man. It's almost like Salana is made to do this sort of thing, right? So like what better blockchain. I mean we can do it with ETH easy Solidity sucks ass Bitcoin is C C++
plus, Python, JavaScript, right? Like all the most powerful programming languages go into building Bitcoin. So then you take a powerful blockchain like Salana that uses Rust and can interpret all those languages or be interoperable with all those languages. And it kind of feels like you have a match made in heaven, I'm not gonna lie.
It's interesting. Trusky, what do you got, man? I have a question for Chris. I think you just hopped off maybe. But like I was saying before, the collaboration between the two is super interesting, but in the same facet, just taking an NFT and then wrapping it so that it can be
scale, but then really on Salon, it kind of defeats the purpose. Like, do you with what you just described, Chris? Is there anything like any use cases in my mind that you could actually think of that would actually work like where you would leverage both, but not like completely take away from like the purpose on the Bitcoin side? Yeah, dude. Um,
So when you program logic into Unity, you do it using the Visual C language. When you build 3D web games and Babylon JS, you use the 3.js JavaScript language and whenever you program logic in Unreal Engine, you do it with C++. This means Bitcoin is technically already ready.
to work inside of Unreal Engine and C++, you just need to write the logic and you need to have an API to connect it. Well, one of our pieces of technology that we built is a multi-chain API for both Unity and Unreal Engine, right? So we include Bitcoin into this. Now we could verify ordinals inside
of games and we also could set up payment rails where you could use your BRC 20 tokens to purchase things or trade with each other, etc. So yeah, we want to connect the Bitcoin blockchain to a game without happening to actually use the Bitcoin blockchain for verification.
use Solana, use the game engine, compile data, insert it on record. Be efficient. However, with Taproot and Lightning channels set up, it could be instant. And so we're walking our community through a process, basically.
Download Unisat, partake in our BRC20 or don't, doesn't matter. It has a very specific purpose. And then next, anyone who has the 10 chimps or 100 of our BRC20 will all qualify for a free ordinal drop. This is where you'll download X-verse and you'll learn about an ordinal.
call an "I'm so immortal" right? And then after that we'll show you how to set up taproot and lightning so that you could technically perhaps spend and earn Satoshi's or BRC20's inside of a multitude of games that we work with. So, um, Trusky. I
I'm actually super bullish on BRC 20s and I'm like, I'm not that bullish on ordinals because I think they're going to break Bitcoin over time. I'm not on a messenger, but there's a lot of smart motherfuggers out there building some off-chain solutions or at least some storage solutions.
And I guess with lightning network existing, the possible. Would we not have those same issues though with BRCs really took over? Would we not have those? Well, they're not as heavy because they don't include storing additional data like a JPEG or a sound file on Bitcoin, right? That's so heavy compared to a four bytes, you know, four bytes, right?
One emojis worth of data, four bytes, four letters. That's what it takes up, basically. It's hard to kind of wrap your head around, but as I got deeper and I made like six of them, you know what I mean? Like playing with it and doing different supply types
and different mid like some nevermind I went deep okay over several hours but I happen to know a lot about Bitcoin core and the original functionality of Bitcoin all the way up to Segwit. I am familiar with Taproot but I didn't understand all of the potential of Taproot and it was mostly relating to lightning which I think is kind of a joke.
For like a global payment infrastructure like for games and shit I can see the use case here and for immutability and maybe like even banking the unbanked I can see some arguments right But I don't actually think Lightning Network stands a better chance at adoption than fucking Salonipay. Are you kidding me? Like
a lot of days. So this is where I'm kind of at with Lightning Network so I didn't dive too deep into Taproot. After learning about Ordinals, I was kind of disgusted that people were bloating the Bitcoin blockchain in this way and even though a BRC is technically an Ordinals, it doesn't
carry the same weight as the media behind the ordinal. Now they've come up with clever solutions already to like bundle ordinals and shit like that. So I listen to some of these spaces at night, I just sit in the audience and I just listen to shit that they say. And it helps me understand like where their pain points are. And really
These are pain points or just utility and interoperability. And you're not going to find a lot of guys who are just super proficient in C++ that aren't already maxi working on the core node. They kind of don't even want to do any extra work for these guys. So I'm watching some of these like really brilliant programmers build really cool shit. And then I'm watching like teams of less capable
developers kind of build off of their work, right? So this is where I thought, let me introduce some ideas to Saeed because he's well versed in all of this and he's built on Bitcoin and East in the past and now we build on Salana. He's really comfortable with what I want to do. And so it makes me like,
I mean, dude, I'm telling you, these BRC20s are something very fucking interesting. There's a hundred million cetotis inside of one Bitcoin, right? And we already know that like four million of those probably never be unlocked or discovered. So it's like there's maybe 1700 million Bitcoin that'll actually be in circulation when it all is said and done at the end. The idea that
Some of this value could be broken down into these BRC 20s and that they could be backed by, so like you could take one whole Bitcoin, inscribe one Satoshi and use the other $999,000 to like back that collection
and give it actual value and then let that one fucking bitcoin basically becomes like a payment rail like that token becomes like a currency inside of a fucking country that like barely has clean water because 30,000
$1.00 a last f*cking forever there. Their government has at least $30,000. So all of a sudden it's like you could create like a small little payment system and yeah you might have to wait like one minute or two minutes for that first confirmation on the blockchain but the way I understand it is bundling this stuff into liquidity channels on lightning would basically imply that you could put you know one
1 BRC 20 in a lightning channel with 1 Bitcoin and now that entire supply of BRC 20 is backed by that $30,000 and then you can basically settle those transactions instantly because the way they got into that lightning channel is that they were already confirmed on chain. So it takes you like 10 minutes to set it up. Now you have a payment rail that can go up to 30
$2000 for the transactions like over this BRC 20 and you could do that anywhere in the world that has like a fucking internet connection or a cell phone tower, you know like I don't know man To me it's just this kind of crazy to think that you might actually be able to scale Bitcoin adoption through these these assets not to get FTS
The ordinals again still 50 50 on this even though I'm going to participate it's going to be in a miniscule way, but the BRC 20 itself that concept of technology It's got me really excited and I'm kind of ashamed of it if I'm just being honest I kind of like him I'm kind of like embarrassed
But I'm like super bullish dude. Like you guys know I have Salana tattooed on my left arm and Bitcoin on my right. You know what I'm saying? Like hold on a minute. You mean to tell me there's technology on Bitcoin that I can let it talk to my Salana? Oh wait, I can make my Salana and my Bitcoin be friends. Oh shit. It feels like
I have to. It feels like, I mean, I am like, so fucking compelled. You guys have no idea.
I don't know, dude. It feels like I have to do this.
Chris was born for this. All right. Well, you just feel that way. That is to say, it feels like this is my purpose. And why I spent two years focused on Salana after eight years focused on Bitcoin brought me to year 10 right here.
familiar with in your life, dude. Like I am a tech junkie from the get go and nothing has ever changed my life permanently or put me in a state of obsession like Bitcoin and then Salana. So it's almost like these last two years were meant for me to like
Understand this blockchain so fucking well that once my my first love was fucking ready Something could happen and oh dude, it's I like it barely been sleeping drisky like I'm thinking about it in my sleep
sleep dude. That I'm yeah it's fucked. Well you all you just sent all of us down a rabbit hole bro so I do not I have never purchased a PRC 20 token but let me know when you're ready and I'll go look up on YouTube at a by that shit.
Dude, I've seen so many people talk about that and it's crazy just how much friction should there is involved with it. And that's kind of what reminds me, it's typically things that have just so much friction or what make people the most amount of money because it's so hard and just annoying to get to that point where you're able to buy these things and do this. So it's just people that get the role of
make so much money. And now that's the one thing to get like, ordinals, I don't trade them at all. I had one sold it. It was great. I made a lot of Bitcoin off of it, but like I'm not interested in them super a lot because it's like, I guess I am the only reason I would be interested in ordinals is like if there's a ton of
which I get the kind of is now but like everything I'm seeing go to ordinals is just someone that didn't do a very good job on their other chain going to ordinals because it has the attention right now and like that's not a knock on like projects that have gone there and done successful things because I think you know successful people are
other chains can go there and have success on Bitcoin. But it's like the people that didn't have success here. Don't say you're sorry. Exactly what the fuck I thought for the first two months when everybody was going crazy. I thought oh you motherfuckers fucked up. Oh you know what I mean? So you're like you're playing on that. It's dude. I felt the same exact way. So you're told
just a bit of a feeling that way. It's just like it seems like I just I'm hearing about it so much in sense that I know that it's already like in my opinion later in the cycle of of ordinals just because of how like everyone now is at the point where they just tweet an orange background that that is marketing or you can just tweet any account
could tweet an orange background and someone is like thinking that it's going to be a go-to-ordinal type thing and it's like at this point if you're not getting you'll like lower sats or rare sats like I just don't know what the the new value or attention is for that but yeah like I don't know like I don't have any issues with
then I totally agree with this sense of like if you want to look at potentially in the future of like where someone who is new to NFTs digital quad doubles will go well it would make the most sense they could have been going because like why would they want to learn a new chain or do something like if you know like we say so many people don't even understand what's on it so many people don't even understand there's more crypto out there than just
Bitcoin, I can really see that working. In the future maybe, but the one tough thing I think you always have to is trying to get people to spend their Bitcoin because I buy Bitcoin so I can have Bitcoin. So hopefully one day I can have more Bitcoin. So it's like I would get the sense of
or trick coins to going by these things and it's like will that kind of keep up once we get past this you know initial hype and stuff that it's having right now so no it's not it's done really well man like I think everyone thought it was a phase a few months ago it's still doing really well there's still volume stuff I did notice too that it's just so
fucking a liquid and I think it's only gonna get even more fucking liquid when you just like the fact of like how expensive and slow and stupid these transactions is you're going to like a fucking the most archaic network ever to try and you know make NFTs and things work and I don't think that is great I do think it works for a couple
things and break came up, I actually talked to them about onals on this show before and like if you look at being able to put your NFT into the highest, most expensive currency, it indeligated in that price, it looks a lot better. Do you really notice the difference between a .01 to
BTC or 0.01, you know, we're like that's actually a shitload of money compared to Solana, but like two Solana and 20 Solana look a whole lot different, you know, and that could be the same amount. So like denominating it in a higher currency like that, I think that's what happens though.
Seven Bitcoin they'll straight up spend one Bitcoin like it's not 30 grand It's the craziest shit dude like they just look at it like it's a fucking number They just see a stupid number and they're like oh I can buy 40 of these for one BTC You know what I mean like it's so crazy and when I realize that it made me think you know what
But you bring utility to these guys or you let them compete with each other in a multitude of web 3 base games using their Bitcoin or their Ordinals or their whatever the fuck they want dude. They have so much money like ridiculous amounts of money right I mean to a year and a half ago their their market cap was a trillion
$1,000,000. We can't forget that Bitcoin will go to a $1 trillion market cap. The BRC20 is a very unique thing. I just don't like that you can't create a fake token because you can
only get one ticker once. I like that. But then it also means that people are just like buying up tickers to have them. And that doesn't mean they couldn't offer you the supply. Like if they did something brilliant, you know, monkey emoji. And I was making a bunch of money on Bitcoin and I wanted to buy the token for the month
emoji. That's kind of fucked. I don't like that. They're treating it like the E and S domains. So I think that people are the problem more than the technology. And that's kind of always been the thing with Bitcoin. People have kind of always been the problem. So I don't know, man. It's easy
than you think though, like the unisat wallet is just a chrome extension and all you do with it is 5 BRCs and the experts wallet is just a chrome extension and it literally has like a little collections tab and in the collections tab it literally has a wallet called ordinals it has one called taproot it has a regular
1, it has a segwit 1, and it labels all of them for you. I appreciate if you can use it, it's closer to Phantom than Meta Mask is. I'll tell you that. The unisat wallet is closer. And then for fees, maybe you pay 3-6 bucks.
is kind of fucked but then that just means you buy more of one thing. So like if you're gonna buy 10 of a BRC 20 and it's gonna cost you the same gas as it is to buy 100 well if 100's not that much more than 10 buy 100 of them because now your average cost is lower right because it was the same fee for these
entire transaction. That kind of shit is just like stuff that I learned over the last couple days when like abusing the system, honestly, because I wanted to see how effective is this. It's way more effective than I gave a credit for it, and I know a lot about the fucking Bitcoin network. So now I'm in the rabbit hole.
There's good stuff buddy. Yeah, no, I mean agree with your takes on like the the value of like BTC ordinals basically I view it as like two camps that could actually like retain value as like a NFT on Bitcoin, right? Like you have the one camp of like yeah, there'll be a select few like really early inscriptions where you know some of these do
books said that their assets that he holds that he doesn't have to pay taxes on. Well, that there they go. So that's there'll be a select few for those types of reasons and outside of that, you know, I think most of them are just going to go like 1000% of liquid and you're just never going to be able to sell them.
but then there will be ones that I think like I think Bitcoin D gods, right? Like those will do well because it's an extension of a brand that's doing well regardless, right? So they're just going to be fine and always stay around just by association. And it's really funny because you know, I mean, Alexa, I mean, we did the we did free BTC ovals.
you know, 450 of them, right? And we get asked all the time, like, what's next for the BTC ovals? Like, what kind of utility are we adding? And it's like, it just defeats the entire purpose. Like, hey, if you think ovals are going to 100 Sol, and there's only 450 of these things, right? Like, they'll go up in value just
brand association. We didn't go over there trying to raise any money. It was literally free. You just literally had to send three soul to cover the inscription fee and boom you had one of your wads, the only BTC. It's the only, um, ordinals I have and I have no idea like how to even function with them so they're just gonna sit there forever.
Yeah, it was really interesting. There's just a lot of friction with it now. It's still new. It's in that kind of like level where it's like, is this a fat? Is this something that keeps kind of going on? I totally understand where you're coming from, Chris, of like the side of like, ooh, it's like, and once you got past it like first two weeks of it being like, all right.
Alright, this is just the people that have inscripted a bunch of shit early trying to sell you on it, which it's still very much like that because the early people were just absolutely turbo printing and scripting everything. And like, but like, then I also look at it and I'm like, wow, in the future, this could be worth a lot. But like, have to show I'm seeing right now. It's just like,
the dumbest fucking things I've ever seen. Like everything is just like Bitcoin and then literally name a collection that hasn't like done anything on on eat and like a very long time and gone absolutely nothing but down and it's like one of those like pumping like it's you know your Bitcoin punks which you gotta have that
like a whatever new chain you go to you got to have your whatever punks those are just staple obviously like Bitcoin bird like fucking moonbirds have done nothing but go down lately in the past year why in the fuck would you want a Bitcoin moonbird and there's just all of these like dumbass just hyper a liquid
a liquid. You change new me. Yeah dude so go there by the same show that you got burned on on your previous chain I get burned on that one too as this tradition but um even some like the good ones like I'd say OMB is like a pretty fucking cool one I had one of those I don't have one anymore so I'm not showing my bag
But like those are pretty fucking awesome like ZK and scripted those on like some pretty low ass sats has the rare sats that are there, but then I mean like you look at it too like they go six to eight six like there's been four sales five sales in the past nine days so like they're just
very, very liquid, so it kind of depends on your your investment horizon and things like that. It's a super speculative asset, which is great because typically those can be worth a ton or they can be worth not a ton. And I think like those are kind of rare exception because I think of like the prominence of what they have like you have some block some of the rare
the rare blocks, whatever, 78 I think it is. That is pretty sick. And then just a little description, constant general, which are pretty sick. But it's like when you look at like the majority of them, I'm just like, why are you guys buying this as if it's just another shit going NFT? Like, yes, maybe go over there. If you're going to make money on it and go ahead, I love it. Go beat up#
coin boys bring back some more liquidity for us but it just you know if you guys are listening you haven't jumped in there and ventured in you know just keep in mind you're spending a lot of money on those transaction fees and things are expensive so it would count that into your P&L when you're when you're looking at some of these but just be careful with what you're buying because I mean we even saw this moment like
people got polygons, like how quickly things become a liquid, especially when there's just vast majority of the supply is just going absolutely insane. There's amount of things that are just getting printed daily onto the chain and it'scribed. It's so high that maybe these early things will keep a lot of
relevance but these newer things that are just getting turbo printed on there, is that ever going to matter to literally anyone? Probably not. So just be careful, I definitely see the upside of it for sure, but I'll see you soon down side with it too. It'll just be interesting to see what happens in Ordinals in general.
Yeah, let's wrap up on some soul stuff since we are a soul sniper here. Overall market looks a hell of a lot better day. 108k volume right now. 36, 66 buyers. That is wild turn of events from yesterday. We've got big pumps so far today.
Mavla is this up almost 15 sole that's nuts ABC's up 6.5 sole Sharky set a new all-time high today, which was awesome You have acid dash which came out and is sitting like at 7.6 sole so they're like two sole over mint the heist back up to like 13 sole
again, Dejan Fatcats. I've actually seen on the front page of volume today for the very first time in a long time. I'm not sure what they're cooking up or what's happening, but they are getting more volume than they typically do. So very low listings on those, to 20K supply with 113 listed. So pretty low. But yeah,
That could be something to keep an eye on. Overall, it looks like the market is turning. It feels a lot better than it did yesterday's sentiment. At least it is a little bit better as well. We'll see how things turn out for the rest of this week here. Appreciate everyone tuning in. I appreciate you, Koho, so I'm Chris Jeroski.
I know he's out of here, but thank you guys as well for popping in. You know, it's tough in our Braffed House. I can't come to my other county. I got a rely on you guys. I appreciate you all coming in and making this conversation fun. Fun to listen to and always contribute. And so you guys have everything else to say on the way out. Otherwise, I'm just going to kill it. Buy squirrels.#
the 18. Yeah, that's my closing statements. Found out in the DMZ yesterday how many squirrels shrimp bones, so yeah, he needs you to pump those bags. Yeah, the suck it started on the holiday there.
We love it. We love it. Buy squirrels, buy owls, buy I'm so NFT. I'll show it from my boys up here since they've come and wrapped us. So yeah, appreciate it guys. Hopefully we have some good moves in the market tomorrow. We'll be back same time tomorrow, 6 p.m. Eastern. For sure, I'm going to tune in. Talk to you guys later. Peace.