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supercycle (real)
Recorded: April 7, 2025 Duration: 3:57:00Space Recording
Full Transcription
I learned we actually are stream yards perfectly.
We got our one year subscription for $80.
And then recently they've raised the $90 a month.
So we're saving like 1K a year on stream yards because of annual subscriptions.
10X the fees?
They literally like, yeah, it was just like a random 15X thing of the stream yards fees.
Total scam.
So OOP's doing well.
My OLP's
is up
real good.
OLP is like our most successful financial
device by an enormous long shot.
We have some community members that were mad
they have to stake an OLP in order to keep up with the
uh in like the new inflation or the points but you would have made a lot of money so i know i
well i was also mad but then i was like well i have to do it anyway like what other choice do i
have so i did and it was like oh i'm a genius i guess i mean for people who understand like the
original history of oxam and the original white
paper, like it was always meant to be mintable so that if OLP lost money, it would actually mint.
And the original idea was to mint it every day or burn it every day. And then midway through that
process, a lot of the bigger holders thought that it's kind of silly to mint like you know as it's losing money because
people get scared um and so then the like the model changed a bit but i think that this makes
it safer because um if the ox that people own is in olp for the most part then it naturally
backstops easier and people can hedge positions themselves that way.
So, yeah.
There's a reasoning behind it.
Can you like query what positions it has with the API?
Yeah, I think so.
You gotta be because it lists them all here.
Like you can just go through.
Yeah.
So if it wasn't listed on the API, I would be highly confused.
People are kind of...
Wow, now that is a good day.
April 6th is a good day.
Yeah.
Users are cooked.
I think markets, are they going to bounce?
I don't know. Mechanically, yes, they should bounce i don't know mechanically yes they should bounce right but
we're kind of completely dependent on trump now
it's all i think tomorrow's looking a little fucked
tomorrow looks fucked yeah i'm thinking
just based on like after hours trading or what
uh after hours trading i'm also basing this heavily on what crypto is doing
um like the the decoupling thesis i think is uh starting to fall apart a little bit
and i think that uh insofar as we were thinking of crypto as kind of a
a reserve away from the general market decline therefore i think that means insofar as we were thinking of crypto as kind of a a reserve away from the
general market decline therefore i think that means the market's probably going to decline even more
yeah
hmm so every asset goes down and macbook prices go up
Every asset goes down and MacBook prices go up.
So it seems my refurbished MacBook buys are coming in clutch here.
Do you know Warren Buffett sell everything except for Apple and American Express?
Oh, yeah.
Okay, so if he didn't sell Apple, that means my refurbished MacBook buys are even smarter than I thought.
I thought he sold most of his Apple though yeah he did no a lot did he yeah he sold a while ago oh i should sell my refurbished macbooks then let me check berkshire hathaway
biggest holdings he still has some apple but not a. He sold two-thirds of it.
It was very late last year.
But he's historically high on cash reserves right now.
Yeah.
The Buffett's thesis.
Sometimes you wonder, he's 95+. Wait, is he just stuck on cash because it's over?
Or is he still super sharp? And apparently, he's just plus it's like wait is he just stuck on cash because like like it's over or is he like still super sharp and apparently he just is super sharp i'm pretty sure i'm pretty sure he's
still sharp yeah crazy i got a dream dream that is a funny thesis like he's just so old he just
wants the bills he wants dollar bill like at a certain age, this is the reason why the
boomers start going to more conservative 401k. You're supposed to do it as you get older because
it's meaningless to you to have more money when you're 95 years old. What are you going
to do with the money? Spuriousurious is here spurious was uh spurious was right yesterday he
was like it's going to uh vix inverted kramer was right man your foundation began d5 got liquidated
yeah remember when we were like there's no
way the eth foundation's position at like 1200 will get liquidated
do they actually have a
of a position or something
because i thought like that wallet that everyone was saying was the ETH Foundation was not the ETH Foundation.
I don't know. I just assume that the ETH Foundation is too hard to mislabel on your like wallet tracker gizmos.
But like, I guess you can mislabel anything with enough retardation, right?
Yeah, I don't know. Like there's a lot of ICO wallets and stuff that conceivably could be the ETH foundation, but or not. I can see how that would get mislabeled.
the good news is that bill ackman is scared now he's he's calling he's crying chicken
he claims not for his own incentives but he claims that um
that he believes that the tariffs are too much walk him back drunken miller as well saying walking back
so is this real though like isn't isn't the fear ingredient like rsi
yeah it could just be like boomer cringe uh or like cringing
someone's saying oxphone exchange is total trash dumping on users.
This is totally the same guy from yesterday.
Yeah, yeah, yeah.
No, total trash is a bit harsh.
I mean, partially trash, I don't disagree.
Total trash is too much, though.
Dumping on users, I kind of disagree with, but... Dumping on users, definitely disagree.
That's not happening.
I think it's actually the opposite.
What happens right now is...
It's actually users are dumping. on on the pools but basically what
what's happening right now is that when people are like short on oxfond and then they're long
on hyper liquid and the market goes down they have losses on hyper liquid and they have gains on oxfond
they then rush to sell uh they then rush to sell the coin, basically.
And then that creates that convexity.
Basically, what you actually want is you want Oxfam traders to be better so that they actually make money.
Because there are guys that are arguing the funding, and those guys will basically be nuking aux uh if people are losing money with
their aux because they will be winning aux that they have to sell to pay for their losses in
dollars elsewhere right so like you actually need users to be better at trading basically
for this model to work um but we are but we are thinking about like non-exchange models for AUX because the history of the AUX token
is first it was a FTX claim exchange, then it was a meme coin exchange.
And we generally do this about once a year.
So we've done this about a year now, this meme coin exchange stuff.
It's been fun, but a little bit worried that memes are cooked for a year.
So now's
a good time to think about what's the next big play um is it payments is it stable coins
is it social five is it only fans love five the probably not only fans maybe maybe marriage five
dating it's time for the it's time like you you've
all either made your bags but either way you need you need to get married it's a dating site where
there's like provable i've seen some of those tries where they have like provable scarcity
like you prove that you're only talking to one person or you prove that you're only uh
doing this or that uh like you you prove you'll show up for the date for instance
um i don't know you guys would know better than i would what people want to see but
provable monogamy as a model is pretty good
do i believe hyper liquid is going to have a doom loop where volumes can drop off and people
self-hype to say i mean it's already been happening but as long as people deposit back
like they find more users it's going to be okay but long term it can be cooked because there's
not enough new users because everyone dies that was a user and then they can't get new ones like
that's what happened to bitmex that's what's happening to oxfund right like oxfund you know all the users died
because market went down so much um yeah i'm learning actually with exchanges there's there's
a very gradual model of user acquisition that needs to be pursued like in it's like if you
ever do like a massive user onboarding push where you get like 90% of your new users during one given meta or market move, then like if those users blow up during the end of the market move, now you're back to...
It's unavoidable for MemeCoin Exchange because it's a bit like Telegram Sniper, right?
Where they want to come in longer longs with memes when memes are going up 20% a day.
When they're not and they're going down, then they don't want to use meme coin exchange anyways.
Proof of body count is a pretty good one.
How do you prove the body count?
You have to count the rings.
Arthroscopy probably you could just have a coin that's like like is there like a zero knowledge thing you can do like if you
actually it's impossible to do it the only way you combine world coin you combine world coin with
like a wildcat you need deep hit yeah you need you need
like yeah and then you shrink it and you just shove it up there yeah but it could still be gamed i
mean yeah always the game i think there'll be another airdrop.
It should be, right?
But they might wait.
They're incentivized to not give the second airdrop, actually.
Because it'll just be dumped by people so they can trade more.
Yeah, that is the really, really tricky thing with airdrops in down down season right like airdrops are really fun when everyone is rich because sometimes they hold them
uh airdrops in like a bear market is just instant everyone dumps right like you can actually you
can actually watch every single airdrop that came out uh like cult and pengu were both like the big
ones and then as soon as the market turns down, like, everyone who was holding just instantly
dumps.
Yeah, everyone saw their drop.
It's tough.
Proof of bodily fluid liquidity extraction.
I mean, we've seen a couple of specs aspects like vape to earn I think that's going in the direction
that I want to go in but vape is illegal and shouldn't be done by anybody so the question
is what should they be doing you have like you could have um like date to earn like you go on dates and then you
earn the token of it so you're incentivized to like meet a lot of people from the site so so that
creates the incentive for people like normally with dating sites right like girls don't actually
meet like they they have a ratio of like we're now like paying we're doing like escorting by like uh
like proxy fields removed yes yeah it's very gentle it's a very gentle reminder that you know
you get like yeah it's like like you know like well like the protocol is basically feeding is is
is paying for these dates to happen that wouldn't normally happen you know like
maybe the girl just wants a message and then she's not sure she wants to meet but if she's
going to make like 80 from the token maybe she would meet and then the token is reward to the
platform i think the problem with this model is that in order to have this hit with normie retail women, you cannot give them a token.
You can abstract it. It's Web 2.5. Web 2.5. You can abstract it out.
No, but they will just need... It's not like you get an airdrop.
It's like you have to give them actual hard cash in their bank account because everything else is...
Even a coupon is like a scam.
Certainly, tokens to be given at the end of season three airdrop will be seen as a scam
no no the guys get tokens the guys get air drops but the guys okay I've got it I've got it so the
guys uh put like use real dollars to buy these tokens okay these real dollars and then being used to incentivize girls
to actually go on dates there's no escorting here it's just like it's a dating site where
the girl is going to make like 30 or 80 so she she knows that it's not a waste of her time
there's no escorting going on here
there's no escorting going on here
we're like
your honor
there's no escorting
how would you even think this is escorting
this is just like
money was not exchanged for services
yeah if this is escorted
the entire dating market must be escorting
right so like
and there's no way that everyone right now
would admit to be engaging in escorting.
So isn't this what isn't this what what girls say is they spend so much on the on their makeup that the date is really on the girl.
Right. Like. Yeah.
You guys don't know how expensive makeup is.
You guys don't know how expensive it is to be a good looking girl okay like whatever guys say they should split
the bill the girls are like well you're gonna split the makeup costs right well i mean the
argument in reverse to this is always that like when a girl buys a bunch of makeup uh
she's not just investing in her and the guy she's investing in her to attract everyone right whereas
when the guy invests in the date he's investing in one person so it's like a uh like an area effect versus like
a directed thing come on lucas let's be real if you're a guy and you're taking out a girl on the
date and she rocks up with no makeup looking real fucking ugly like would you be proud to be like
this is like this is not the guy you want to ask this question like i i prefer like really minimal makeup like they can do some eyeliner and maybe
like concealer if they're breaking out but like i'm really not like a big makeup guy i give girls
shit for this all the time like i gave i gave my girlfriend like uh two weeks of just brutalizing
trying to get her to like undo 90 of the makeup that she did regularly when i met her
it took it took a lot to detrain her but now if she can get ready she can get ready in five minutes
your girlfriend is pretty right but you're like ugly like you know you gotta put in the work like
as a guy you want to be like yeah this is a girl that I'm taking out on a date.
You're not going to take an ugly girl out on a date.
I think that the floor cost of makeup required to look presentable is a lot lower.
Yeah, I'm going to be honest, Chris.
I've done this optimization.
Beauty is expensive.
My nose job was $6,000, guys.
Come on, it's not's not gonna pay for itself
i really i really she breaks down in front of you in your first day in general less ugly than they
all think they are without makeup like there's some who just like maybe you have blonde eyebrows
and they don't exist uh and you need to like draw something on or something but like in general
the average girl
would actually look much better if she just lost weight than if she spent like six hours a day
doing makeup yeah but losing weight is also expensive no losing weight costs zero dollars
all you have to do is stop eating
just don't eat it's not that hard i don't know about you guys but my life saves you money
like you can spend more money on makeup the more uh the more weight yeah like africa is not like
initiated and starving because they're such a rich country right like you you just at some point if
you don't have enough money you will starve and lose weight maybe i just have a distorted
point of view for everything because my ozic alone costs around like $600 every two weeks.
Chris, we can show you how to lose weight.
I can put you on the Lucas rapid fat loss diet when you visit Taipei next.
You will be skin and bones in just five days.
ZenPic is expensive.
My gym is fucking expensive.
It's like $280 per month.
Bro, that's also a scam.
Like I have like an Equinox membership in the US.
And it's just like the biggest scam ever.
Like go to the like $45 a month, like old boomer garage gym where you have some 48 year old
man who can deadlift like six and a half plates for eight reps like uh that's always the best gym
equinox is like uh enzo knows like i took him i took him and uh dude it somehow has like a worse
gym than some hotels yes but like but like, it's not just about the gym.
It's also about the classes and stuff.
Like my gym has a whole Pilates room.
Those are scams.
What?
How is that a scam?
Your entire life is getting scammed.
I use these classes.
So back to my point.
So back to the original idea.
Basically, this site, it solves the demand and
supply function because the girls are are uh making sure that the dates are worth their time
um so they're more likely to go on dates and then they're more likely to meet like more guys
from from that site versus another site where you know the guys may not be as serious about meeting people
and then the guys are buying tokens um like when they put in money they're earning this
token they get this token so what does this token do the token gets fees of the of the site right
um from future buyers and then if you're earlier to the site we need to come up with something that makes it cool of why you're early um and also obviously as more people join maybe the price of like joining the
site goes up or something um what what about like a raya kind of style dating app so you have to have
some sort of like proof of proof of liquidity to be able to join this dating app and then as you
go on dates like um you rate each other based on how well they treat you so you get like a better
rating after every date and then i think something that's kind of been debunked in like uh all of these app markets is like the idea of sort of
like imposed scarcity where like yeah like you have uh oh like we're only going to restrict it
to like these users of this amount uh maybe if you're doing by like actual w2 screening because
that's not like that is actually like a real metric that people care about like some some
sort of dating app where like you
cannot actually income fraud like you must post tax stubs uh but i think it just winds up becoming
like uh associated with like giga gold digging whore dome yeah i think it'll it's just like
seeking arrangement with a ponzi on it yeah i was gonna say well ryle works so well i don't think you want to you have to what do you
have to prove to be on raya like what's the i think it's like you have to be famous in some
capacity uh no you have to like go through this like screening process so to even join raya you
need to be invited by someone who's already on raya um as a girl I think and then like even if you're invited by someone you're not guaranteed
to like get access to Raya like you have to be of a certain threshold of like physical looks
and I think as a guy you have to be like a certain net worth to be on Raya I'm not too
sure I'm not on it and I've never been on it but that's just from what my friends have told me definitely seems like it's just like redressing up uh like sugar daddy
sides at that point i feel like it's like a more palatable like the thing about raya i think is
that it's supposed to be that like athletes are on there celebrities are on there so and then for
girls they have to do the invite game, right?
So what ends up happening, from what I understand,
is that basically girls like to flex that they're on Raya
because it's like that have clout to be on Raya.
So they solve that cold start problem by being like,
girls want to be on the site, but they want to figure out how to get on it.
It's like that Dan Belzerian quote where he was saying
how you know all you have to do is create a dynamic where girls are competing for the guy
and then they'll just like like brainlessly compete not knowing why they want the thing in
the first place um so and that's how raya works here it'd be a similar dynamic i guess but for
the guys instead because the guys have to believe
that there is like a network of girls on the site that are good and then basically the guys are
buying these tokens that go on a bonding curve that the price is going higher and higher to be
able to be in this thing and you're getting fees for the platform as well um it's kind of like
friend tech for dating a little bit but then the girls are earning money each time they like go on a confirmed date like the guy earns no money the
guy maybe even has to pay somebody has to burn some tokens to go on this date uh i feel like
i'm on to something here you guys can rip with me i think the problem i think the problem with like
uh incentivizing them going on dates in the end is that like actually like girls who um don't go on dates
but just sit on the platform and like message guys like aimlessly those are actually probably
the best users for yeah sure sure but i think those probably generate them the most revenue
that's for sure but but i think you could get guys to buy a token of a platform if they know that
like they're much more likely to
get an actual date from the site than like if they use tinder or something right like if you
use tinder as like a five out of ten guy you're literally never getting a date almost right like
you might have to swipe for five years before you get one date so um this site would solve
this site would solve that problem potentially like they would at least meet some human being
that problem potentially like they would at least meet some human being from the site
from the site now i i think you might i think the problem here might be getting funded by like uh
like if you force a bunch of women to meet up with guys from the internet for money
okay maybe it's not there's gonna be like world historic kidnappings
Okay.
There's going to be like world historic kidnappings.
There's too many angles.
Yeah.
Not that I like am opposed to that.
I'm just saying that will be the FUD.
But who would FUD it like that?
Who would FUD that guy?
I mean, the first time it happened, I guess.
Like the first kidnapping that happens it would start uh
getting flooded pretty hard couch surfing got ultimately for that kind of stuff but i mean here would be different right because here here it's like it's not it's not quite the same right
i mean you're not responsible for what happens on those days. Like, the...
Legalistically, no, but, like, user perception rules all of this.
How is that different than, like, Uber, right?
People just sexually assaulted Ubers all the time.
Because it's just too valuable of a service.
What about you make it as, like, a one ID, one account kind of thing?
So, like like if you do
something okay was you dating app yeah bannable yeah then it's like over for you like you cannot
rejoin unless you have like a government certified i don't people want to do fake kyc right because
it's not no because you'll have to you'll have to do like the average person cannot do fake kyc
like if i were to go if i were to go pull the average american on how they would do fake kyc
like what do you mean don't people get like fake driver's licenses to drink underage no
yeah but i think if you're actually running you just go to an alcohol supplier in the u.s who
just doesn't id you uh like the way that i always did when i was
a kid there were a few where it's like they asked to see your id and then you just hand them the id
and they just looked at it and they were like looks good and they hand it back and then they
give you the alcohol it's like here you go and actually robust kyc verification system is uh
far beyond the ability of the average person to fud okay so you kyc it you're still doing tokens
you're still doing paying girls right or no well yeah they have to earn money in some way right
yeah but you kyc them so that if they because because you run the risk of like safety risk
by these girls having uh like going on these dates for money the funniest thing
would be to make a local restaurant in every major city and have all the dates get routed through
there and then yes exactly gives the guy a discount and then the guy yeah yeah so like we
like our whole system so the girl is actually just getting paid like the restaurant's discount yes
yes the dubai scam they do is like a very expensive restaurant
will get girls to go on dating sites and then bring the guy to the restaurant be like why don't
we try this place and then the restaurant is like overpriced by like 3x um yeah there's lots of ways
to make money because actually i think if you design it right it's still worth it for the guy to buy the membership or to buy the token to join your site.
Well, I mean, these guys are already like, I mean, I forget what the Tinder pricing model is.
But like the last time I saw someone posting about this, it was not like cheap.
It was like this dude is like bust like $100 a a day for like weird tinder boosts and shit
right isn't there like a gold that's like 300 or something like yeah it's it's like it's literally
already prostitution yeah plus there's like my separate like the money isn't the money's going
to the platform so is that really gold is $30 a month that's not that much. It looks like. Oh, okay. That's only $30 a month?
Wait, okay, there's Tinder Gold.
There's got to be, I think there's like four other Tinder Gold now.
Oh, there's Tinder Select.
There's Tinder Select.
500 a month.
That's pretty high.
500.
500?
What are you doing for paying 500?
What?
That's crazy.
No, but I guarantee you that's cheaper than escorts in the US,
and it functions probably better.
Yeah, but at least escortsorts you know what you're getting like you're going there to smash like you pay 500 bucks on tinder you're not even guaranteed to smash after a date
i don't know i i assume the guy who's doing this is probably knowing what he's getting into
uh so what does tinder Tinder get you? What benefits?
We should actually just start using Tinder
before we talk about it.
We should just live stream.
We should live stream Luke is using Tinder
and that's Aux.
That's just the new platform.
Aux.date.
That's the idea.
Because then we can make it XO, xoxo o x lx o x lx male female why aren't they discussing the market we are discussing the market we're discussing the
dating markets the market's cooked the market's cooked i mean this dump on eath is crazy um this
dump on stocks is crazy i think this takes at least a month to digest
um you can't d-shape from a dump like this um unless the d just completely uh pivots but um
holy yeah i got stopped out on my long yesterday and i just went flat on perps completely
Yeah, I got stopped out on my long yesterday, and I just went flat on perps completely.
I really have no fucking idea what's going to happen.
Yeah.
I think we need to adjust.
I think we need to discuss how to pivot Oxfund, though.
Because I do think that guy XX is right.
Oxfund is a semi-okay exchange, but it needs another big thing.
People need to imagine a billion dollars right now the problem with aux is like you have to be bullish on like lucas and sue with an exchange
uh you have to be bullish on like meme coin infra like meme coin as a sector and then you have to
be bullish on like aux quanto as a mechanism like you have to be bullish on three things
simultaneously so that are all sort of niche things.
All three are hyper niche. This is like
a niche of niche.
But it's a great platform.
It's just
the keys to be able to bring dating into it.
Get the normies involved
somehow.
Maybe it launches a token whatever a date occurs
and then if they like end up getting married then the token gets bought and burned by the platform
then you can incentivize like data or something like that or like date for longer term oh i'm
gonna say something super disgusting this is this is just gonna be like anus okay so now tinder has an elo
yeah uh imagine if the tinder elo was public and you could gamble watch
that's interesting no no no wait you can do that you can literally manipulate the elo like like it like uh it it'll it tries to like match people based it doesn't exactly try to like match
people like pair for pair like based upon uh like the elo it assigns people but it like it just
tries to optimize elo for like user retention basically like that's like primarily what it does
um but like if you make it kind of public then you can actually like form like these uh very
these very like concerted communities that are like to arb their own value in this perspective app.
MMR. Dating MMR.
You can manipulate the algorithm by which the MMR
is assigned. So imagine you have all the short
guys on the app who are like, no, we need
to impinge on the algorithm in such
a way that it
like values like uh being like five five over being six two or something like that
makes zero sense to burn and then mint more i mean it is a mintable contract the original white paper
explained why it's mintable obviously with the recent market moves like all piece up but the
problem is that if allP were to have had a
drawdown of like half a billion plus a billion AUX, it would have had to mint anyways, even
though it was burning. So the burn is like understood. The mint was published in the
white paper. And the goal of this mechanism is to replace the mint-ableness of OLP with AUX that people own as well as other coins so that OLP is backed by actual capital that's not going to be minted in the future if OLP draws down.
Because if OLP draws down a lot, then this needs to be minted anyways.
I mean, I think the big thing to think about here is the mint and the burn are not mechanisms going towards the same goal, right?
It's like with Ether.
There are mechanisms to both destroy and create new Ether tokens when the network is used.
And they both go on for different reasons and they're incentivizing different things.
But they have a net effect that you can speculate on like
sometimes it makes sense to like eat or drink and then like poop at the same time right like
sometimes it might be um so is there like a max uh supply yeah the max supply is 9.86 billion uh which is a throwback to the old ox one
so it's not like it's infinitely mintable or anything no no so so so the whole point of this
this is a mechanism designed by a couple of the biggest ox whales and they busy said once you do
this it's no longer ever mintable because you can renounce mintable whereas now like if you
renounce mintable at three billion supply and then allp draws down a billion ox you're you're just fucked like it's
just insolvent to ox right it like destroys the entire purpose of having ox quanto if you the
entire yeah it's kind of it's kind of annoying i mean i think it should have probably been explained
more clearly why we chose these decisions but that's why we do these uh you know streams now
but like we literally did three months of spaces
where we explained that Oxfunk can never be insolvent
because we'll just mint more ox if you make money on it.
Right?
That was like three months of explaining that
as ox nuked to zero.
I was scared of the minting.
And also because we had like 20 DAUs.
Now we have like, you know, thousand DAUs plus.
But I get that people don't like
that it's mintable. However,
once this season is done, there's no more
mintable. So it solves
the problem that you're complaining about, whereas every other
solution doesn't solve the problem
that you're complaining about.
I think the other problem is
that when you say it's mintable, people don't
understand that it's mintable to a limit.
There is a max amount.
Yeah, exactly.
So like I think everyone is worried that you can literally just like mint infinite tokens and then keep dumping it to zero with like treasury mints or something.
Yes.
And they also like the mechanism by which the minted tokens are getting distributed to users is also sort of like, you know, like I said in the telegram yesterday, like, well, like ox holders are being given
the ox points. And they were like, well, but you can deposit Bitcoin also in OLP. And I was like,
you know, I guess that is fair. But the vast majority of people that are depositing in OLP
or any of the player strategies are they're just depositing ox
it's like you know like 98 or something so uh the the people who are the beneficiaries of the points
are they're just ox holders like factually yeah and i think once we do this renouncing minceable
will be very bullish because uh i mean if we still run the exchange by then uh it'll be very bullish because, I mean, if we still run the exchange by then, it will be very bullish because you will have OLP be backed by real capital. Whereas before it's backed by my,
my, you know, crazy idea of like protocol, right? Like you're trading against the protocol and the
protocol will mince a bunch and it'll burn a bunch. And then what ended up happening was,
the market started going up higher and higher.
And so, ultimately it depends on the method
that we decided to do.
If we do a, we don't mint OLP,
then people have to put money in OLP to back it,
to market make, otherwise there's no liquidity, right? So, I mean, there are external market make. Otherwise, there's no liquidity. Right?
So, I mean, there are external market makers now, too.
But they're more opportunistic.
They just do, like, you know, funding arms when there's funding arms.
My friend says dating apps and ancestry sites
are collabing with experiments.
Probably. Probably they are. dating apps and ancestry sites are collabing experiments probably
probably they are you can see that i think dating sites in general are re-strategizing
there's a huge backlash against all the stocks are nuking yeah it's like creating
very bad norms so i think now is the perfect time for Lucas and Chris and I
and everyone involved here is to just think about how do we web three?
How do we make everyone mate with each other?
It's not Ox fun anymore.
How do we make the people mate?
Ox, Ox.
Ox is female.
X is male or something.
We'll draw a new logo.
XOXO. XOXO.
XOXO. And I just think it's a way higher MCAP. You guys are mad mainly because OX is like under
MCAP. Well, when we pivot to a dating site, Web3 Dating, it's going to be like 100 mil at least.
The other thing is when we were polling everyone
about what they thought ox.fun means they already thought it was a sex toy thing so we don't even
need to rebrand the url we've accidentally we've accidentally branded as a sex toy emporium yeah
like we accidentally followed our hearts to begin with
this is a funny tweet by bill ackman yeah it's true cancer for terrell there's a bond
is a bond trading company so he profits when the economy implodes because of fixed income
but i do think that there's a sense right now, which is like the Trump kind of machine, like the Trump machinery is just like whipsawing markets around, you know.
It's normally you're supposed to like calm markets, but he's like jawboning it.
He's not like it used to be like the Fed would jawbone it.
But this is like he's like hammering it.
He's like like a very big stick,
whacking it around.
My president.
I don't know.
I think the meme with dating apps and everything
is people are just too canny to the notion of dating apps now.
If you say, oh, here's a new dating app
and this one's going to work.
You can say not on a dating app.
You can say a matchmaking app.
Or you can say a love app.
I think they're going to read that all the same way.
It hypothetically doesn't matter
how well it actually functions.
It could get you your true love or whatever.
Whatever this person imagines a dating app should do.
But I think just right now it's a very very bad moment to market it that way i think it needs to be more neutrally phrased like um people need to have some notion
that like that because because like that's another thing it's like it's also underestimating like the
degree of because i think about like what what necessitates a dating app in someone's life like
what it really is is like a degree of like decay and their and like their broader social context
especially their personal social context right so like I think that it's that that decay is such
now that their people are actually looking less for a dating app like beyond just like the backlash
of dating apps as a concept people are looking less for dating apps than they are for just for something to like give them like friends like give them like a social environment in with
which they can like are like find love or something like that yeah that's true that that's a good
point i mean but but i think some of the dating apps try to say like friends right like they have
friend mode but no one used it yeah like bumble bumble has Bumble has Bumble BFF. Yeah, but I think that's just
it's too
proximal to Bumble itself
for people to disentangle.
Isn't that Raya one
new, though?
Everyone keeps saying, oh, there's never going to be another dating app
but then new ones seem to keep popping
up anyways.
Raya's been around for quite a while.
Oh, really?
I guess I like just heard
about it recently yeah i mean that's because you just now became cool enough to be invited
yeah i see all of us have been getting invited to the riot parties for the last seven yeah i
realized that i was saying i was like telling her myself someone's asking cheers on leverage
this is kind of a hilarious stream where we're like oscillating between dating
and then like ox on leverage we're literally dating markets study the dating markets it's
right there i know there's something they just it just has to be on leverage ox goes up 500
because of the quans of how much more are you long ox uh you're long quite a bit more yeah um because it's like um it's like the square
basically right the notional yeah so yeah this this was how we had a ton of users uh just like
gigaprint during that period everyone's really happy in the fall because they went max long ox perps and then like you know got massive adoption and
then ox mooned so but yeah you gotta time it right because the funding tends to be high
yeah i don't know somebody says dating app for crypto people that's a bad idea because like
we actually need to be bringing new people in to buy our bags so you need to date
outside of crypto so you can bring them in so they can buy our bags i think the idea is
who actually has a successful like crypto relationship like do you do that very very few
people in this space no like i actually think crypto is like like i've been a part of many
online freak communities and i think the one that that is literal worst out of all of them in terms of the relationships that are formed in them is crypto.
Just because of the reasons that people are here.
They just don't make good couple pairings.
Like literally World of Warcraft communities have like tons of marriages.
Like I've seen people get married on like RS3 Discord servers.
In crypto, it's actually like worse.
There's like three crypto marriages
I can think of that like worked.
Is that because of the community
or because we're all like compulsive gamblers?
Yes.
I think it's a personality.
It's because you're here for fast profits.
You're willing to switch to an industry that is relatively unproven.
You have low friction to switching costs, which when you apply this to dating, it just means you're going to cheat on everyone and be like a whore.
Both parties, both sides, all whores.
Also, it's like a balance thing right like if if both of you are in crypto and crypto is like down
bad then both of you are in a negative like state of mood whereas like if you have one normal person
who's like unaffected by a 10 20 drop in in the crypto space like at least one of you guys can
like you know up the energy of it yeah it's like when you have a family business and you have like
a rough quarter and both of you guys come home every day and you're like, how is work, honey?
And you're like, I want to die.
I want to kill myself.
I want to kill you and myself.
Yeah.
I don't know.
There's like the other side of that though is like it's a little isolating if you're
dating somebody that has absolutely no idea what you're doing.
I think that's fine. but i think it's actually like
yeah it's like it's definitely the better of the two options
like i'd rather us like one of us just be down bad and the other one doing fine than both of
us being down you need a hedged relationship is what you're saying like it's already why crypto relationships don't work
so do we think we should do the site i feel like it would work i feel like the key is
you need a flywheel for joining because the current sites don't have a flywheel for joining so you need to tap into that frantek. You need to make the onboarding really easy.
Yeah.
This is something where, like, I need to be able to pitch the idea to, like, one of the FOID group chats and, like, have all of them think it's good.
Like, it's like... Maybe...
Is there a way you can migrate your user info from other sites?
Maybe you just press a button and you migrate it.
You maybe web scrape it.
Because that would save time on onboarding.
You have, like, a slick UI, just press a button and you migrate it. You maybe web scrape it. Because that would save time on onboarding. You have a slick UI, just press a button.
They'd definitely try to break that though, like the other sites.
Yeah, yeah, yeah.
I mean, the Twitter API saying like, okay, we're just going to do an API call for your
full data.
Even when I try and download my own fucking user data they make me wait like three days like they are uh you could i mean twitter is different like stuff like that
provides sign-in features like twitter or google or something you could definitely pull from and
it's not a problem but i think like the dating apps they're not going to have uh open apis for
that kind of stuff and they're not going to take too kindly to do scraping their data yeah dating app data is super locked down like like even the good like uh data sets for like tinder
data and everything they're all like self-submitted it's like it's just like autists like uploading
like reflections of their uh of their own twitter data but this is more what i'm saying is like the
user opts in to do it and then they they press buttons right like so So there's a way to do it, like scraping
from the screen without needing
to scrape from, like,
to get from the API.
It's definitely possible, but you just have to be constantly
fixing it because they would intentionally
break it.
So it's just like a cat and mouse game, but it is possible.
That's fair.
Pris.
Yeah?
Go look this up or ask Chat gpt about this this is like a
there's a series of meditations some of them make you warm as fuck i want to see if you can like
outmode the need for your blanket by using buddhist meditative states there's also apparently
one of them that women all say makes them really horny, but men report that it doesn't make them
horny. So I don't know how that one's going to work with you, but you should try the one that
says it makes you warm. I want to see if it works. Well, no, I mean, I have my AC on full blast at 19
degrees and I'm freezing, but I like it like this. Wait, so you're 90 degree ambient, AC full blast and wearing a blanket?
Yeah.
This explains-
No, because if you set it at 24 degrees, it becomes really humid and sticky.
You guys are forgetting I live in Bangkok.
So you have to put it like super cold so that it
doesn't feel sticky.
And then you just wrap yourself up
to keep yourself warm.
There's like a large variance
between 19 and 26 though.
I mean, you could just
pick a number in the middle.
This is a good question from this guy.
Is the goal of dating apps to help people
find partners because they lose customers?
I think that's something like a solid product right now.
I think you basically have to align like the corporate incentives with user incentives
because on a long enough time, if you don't, everyone hates the fuck out of you, right?
So like this was the problem that like all the social media sites had where they needed
advertiser revenue in order to make money so now
they're actually incentivized to trap you in like a doom scrolling hell loop that destroys your life
to make money it's the same thing with dating apps they they want girls who go on there and just like
dicker you around with like replies but don't ever meet up that is actually like something that the
app wants now because i actually think that like
dating apps is not for the purpose of dating anymore it's literally for the purpose of like
ego boosting yourself yes for women it is actually just another instagram where you go on and you say
wow 99 plus new matches today amazing yes and then like you compare like oh look i matched with
jeff did you also match with jeff and like with Jeff? And it's like all eight of your pretty friends matched with Jeff,
but the one ugly girl doesn't match with Jeff.
And now you're like, ha-ha, look, I'm better than the fat one, right?
I mean, the concept of how they want girls that just message people
and never meet up and just stick around with them,
that kind of like OnlyFans just took that and turned it into and just stick around with them that that kind of
like only fans just took that and turned it into the entire business model right yeah became wildly
successful like they just removed the meetups entirely and just kept the uh parasol yeah there's
not even like the promise there's business like i think that's like the left hand path right like i
think the right hand path is like you get people married and now you suggest like uh marriage venues and
gifts and like uh vacation locations and stuff like that and you skim like a one percent referral
fee on everything and now the guy never has to think about what what present to get the girl
and the girl uh the girl doesn't have to look through a bunch of tech specs to figure out which
laptop her husband wants to buy she just knows because the app tells him.
You have to be doing this just for the love of humanity though. Because if you just try and make as much money as possible. Yeah, that's true. If you actually went the financially optimal route
with any of these sites, it just devolves into- Well, even if you love humanity and your product
helps humanity, if it doesn't
have a self-sustaining business model at the very
least, then it's not going to be able to help people for very long.
I think this
could self-sustain. I might just be like a
humanity bull, though.
I think that... I don't know, man. I think
that a pure dating app, I think that the
self-sustain of that
has been pretty well proven out to uh be a little bit suboptimal someone asking how does taking the lp work
when it comes to staking unrealized profits uh you mean you're staking ox that you have
i think we need more context on this one.
I know what he's saying.
So basically, you get credited to Aux, but you haven't closed your position yet.
You will go into Aux debit.
You will go into Aux debit in your main account.
So that's not usable as collateral now.
We will make OLP available as collateral next week and
that'll be on like 80% LTV or so.
Oh, he's saying he has open trades that are in profit. So he has available.
Yeah, yeah, yeah, exactly. So if you were to then put that aux into OLP, you can do so,
but now you're taking, you're essentially withdrawing from your trading account. Right.
And then, so you'll have less margin for your open position.
So, well, you can do that.
And if you go into debit on AUX, you're not charged interest either.
Anyone think gold is topped?
No beyond gold.
I have no idea.
Like this is, it's really hard to call tops.
But all of us talking on a stream about how gold is ripping for like two hours is like a, it's a decent top signal just historically, right?
I kind of doubt it's topped. I'm going to about no here.
It's back below 3,000.
Oh, it's probably not topped if it's below 3,000.
It's back above you're welcome sir sure
thanks for being polite um so dating site how long does it take to build a dating site these
days it's like not that long right no building a web app is relatively quite easy yeah
No, building a web app is relatively quite easy.
Yeah.
Enzo's sitting there screaming in pain.
Enzo's just like...
My 12 weeks coding bootcamp could probably let me build a dating app within like two
weeks.
Just vibe code it.
Vibe code.
You always think it's going to be two weeks is the problem, and then it never is.
Yeah, that's the classic software meme.
Yeah, like I think about two weeks, and then four months later, you're still...
That's true.
That's true, but I did this coding boot camp back in, I think, 23, because it was peak bear market, and I was like, okay, what do I do with my life?
So I was like, I'm going to do a a coding boot camp and they actually made you build an app
within like three weeks and you can you can build almost anything in three weeks i think the issue
becomes like when you're like okay now we just got a 1000x in users uh can my infrastructure
that i built in two weeks scale to this yeah and the answer is almost always just like no
it cannot actually the thing about that is that like enough like enterprise apps,
like have kind of published like the, uh, their,
their architecture and everything that it's kind of like,
it may not be exactly optimal for your use case,
but like you will be able to pretty quickly find like a usable,
a usable scalable solution that you can just copy.
I would say scaling is actually rarely the main problem.
It's rarely the main problem, but it's like the optimistic one you want to like optimize for.
Yeah, that's like if you think you might be using it.
People focus on that way before they need to is what I'm saying.
Like they just assume they're going to get thousands of users and their app's going to blow up.
But in reality, like you can just run a single API server on on one VPS and it'll scale pretty well to
tens of thousands of users.
The number one thing is UX.
Yeah, it's like building a good app that people want to use.
That's the main problem.
I think if you're an app and then you win the Apple design awards, you get a pretty
good user base just on receiving that and being on the front page of the App Store.
Yeah, I mean, that's definitely a lot of exposure.
I'm not really familiar with the program.
So. so
so guys dating app question mark i think we should do it
just about what's the hook what's the you probably want to do points right not token or you give some kind of a thing you also like it's also hard to get a token enabled app
approved for ios i think the app store that's pretty difficult yeah yeah i think so used to
be much easier but like in 2017 i wrote a wallet that i got on there pretty easily but i think uh
it's definitely changed it'd be funny if you
you call it awesome fun but it's actually just the dating app and then when they
you could um
like have both a perp trading and a dating app combined so
yeah you like match up with your counterparty or something like that
you could you could bet on I mean Lucas always wanted to bet on it it's a very funny yeah I mean I think it's a very least
like we talk about it enough in this thing every day we should just start designing
an app and then discuss what it is like maybe it isn't even Ox maybe it's
just this weird hobby project
if we just have to test the incel theories in the market,
right?
Like we can just prove,
we can prove the incel thesis correct or incorrect based on our
research here.
Yeah.
So we can basically,
I think the key is how do you,
how do you use web3 to make dating better?
That's the challenge.
How do you use Web3 to make anything better?
Yeah, that's the problem with Web3.
A loaded question.
But how might people believe that Web3 could help is a better question.
How might people believe that Web3 could help?
Is a better question.
I think ignoring Web3,
Lucas's AI matching thing is actually kind of compelling.
I think that could be a hook on its own.
AI matchmaking for you.
Yeah.
On existing sites, basically.
And then maybe you could just use...
I think the best use for Web3 in general is just authentication.
Just use it as the identity.
So if they're KYC-ing or something, you can just tie it to a wallet
and that's how they log in.
Yeah.
But also, now you're forcing a bunch of normie women
to store private keys so they can log into a dating app.
It's like that's an even worse onboarding.
There's a lot of solutions to that already.
You can use Privy or some other
embedded wallet provider.
Or they can just sign in with Gmail just like they're used to.
Why not just use Gmail?
No matter how
you couch it, it's still adding in an additional layer just to say you have the layer like it's not a
I'm like, well, do you need like, does anyone care truly about this data being that secure that much more secure than their Gmail? Like, is anyone gonna be that mad if they're the only reason... Hold on, hold on. I just debunked myself. I just debunked myself.
The actual use of this
would be if people on the
site are frequently sending each other nudes.
Now they would want to have it all
guarded.
Okay, so
basically the thing you're gaining by using
wallet sign-in is you don't actually have to store any
user information
basically, like a
password or something that could get leaked so yeah that's better but like all the stuff you're
talking about like the nudes that are flying back and forth that would still end up on the server
anyway so um unless you want i'm saying just i mean i think i think the thing is they're fine
with us having access to the data because they assume well maybe they don't assume that we're good maybe they assume that we're stealing all their nudes but they they are
worried about getting their their account hacked if they have nudes saved on right it's like do
you want to lose your iCloud nobody wants to fucking lose their iCloud it's like infinite i mean personally i think that the wallet sign is more secure for that like uh
i agree i just made up a use case for myself we explained it all to them it's so now you can go to
the gunner mines before you even meet them maybe you never even meet them because you're gooding so hard.
But now I'm debunking my own product.
At some point, I think.
Like, just for the sake
of, eh, if we care about the Aux
integration.
There just
has to be a funny way to speculate on all of this.
The ELO thing is actually, really genius i think like uh dating ability perps on individual people but i don't it would
probably be problem is with with yeah with things like this it's just so easy to game systems like
this but like this is a thing that like like i this is what i envisioned as like social buy in
the end because like this is what i hoped it would be because this is what I'm actually good at.
Right.
Like, am I good at investing in macroeconomically dictated revenue generating assets?
Fuck no.
Am I good at telling who is going to like last as a relationship or who is a loser that will never find a girlfriend?
Fuck yeah.
Am I good at telling which account is going tox in like six months absolutely uh but instead i've been given all of these
goofy tokens to speculate on which is like my world historic worst speculative ability
and also most girls like most girls would probably be much better at this other thing
which is inherently like the girl use case.
Right. Like if you can actually have them make money by making $20 bets on when their friends are going to break up or something like they may just use it. I mean, that's just like a
prediction market, right? Like we could just, um, just like a combination dating and prediction
market. I don't know. know i mean everything is a prediction market
right like longing bitcoin is a prediction market you're predicting it goes up well yes
but it's not like a very general prediction market
i mean i think it's a more general prediction market than like saying, doing like barrier
options on when your friend breaks up with his girlfriend.
Well, yeah, exactly.
That's the whole, well, it's specific to a different thing.
Like, I guess when I say general, I mean, you can spin up multiple different markets
It's about general things, including when your friend breaks up with his girlfriend.
about general things, including when your friend breaks up with his girlfriend.
The point is letting lots of people cooperate in the market together and making a meme out of it.
Like a big, a little, a little joke.
The other really annoying thing with this is like the ideal case in which it's least gameable is when you're,
you're betting with a small circle of friends over the outcome of like a uh of like a given thing and it becomes very gameable when you have like like everyone betting
on the outcome of like a celebrity relationship or something like that right like that's something
where it's like now imagine you're like uh imagine you're a celebrity streamer you're dating some
girl and uh there's like it's like a 30 chance you last for six
months right but you're just like okay okay babe all yeah like all we have to do is last for six
months and bet against or bet against all these people thinking we'll fail and we can make 10
million dollars like you know i do one thing that you said earlier that kind of stuck with me is like that
women are going to be better at this like perhaps this kind of thing on web 3 is actually what's
going to bring more girls in you know what i mean yeah i think making a market i mean the idea the
idea was that meme coins i mean girls are already better at meme coins, I think, than they are at trading Bitcoin or something like that in general.
Yes.
There's a lot of girls who just have a better cultural feel for things like this.
And I think definitely the more relational you get, this is already why tabloids succeeded, right?
It was already like you're following the celebrity relationship, but you're, like, you're very invested in it, but, like, only attention-wise.
Right.
I also think it's, like, a small ticket-sized thing. Like, people would be willing to punt,
like, a 20 on something working or not. They'd be like, oh, this is epic. I made $10.
Like, if you can get, like get a million people to just be punting
$20 on a bunch of shit,
I think it's a lot better than if you have
10 people punting $10 million.
Better in what way?
It's better in the way of...
It's better from a user generation
and attention standpoint, but also from a perspective of how mad are people going to be, right?
You can only be so mad if you lose $10. You can be pretty mad if you lose $10 million, right?
We've witnessed people being pretty mad if they lose a lot of money.
And now you have to deal with somebody who has millions of dollars just very mad over something that it's usually their fault.
It's probably just good that it's a small ticket size anyway because it would probably be pretty illiquid.
Yeah.
I mean, it's just always better to have your liquidity coming from like infinite tiny parties and like a couple of big ones.
If you're dealing with like any sort of a consumer market, right?
Like this is like a Warren Buffett investment strategy.
You want to, you want to buy something that you can make for like a sentence
sell for a dollar.
It's a lot harder if you're doing like uh like a software infrastructure where you
have to sign like 10 big customers because it's like you either hit flywheel or you don't there
uh and you have a lot you have a lot lower bound for iteration when you have 10 users uh you just
have to nail the pmf and you don't you don't really know if it works until you've hit one
client which like maybe you just never hit it
i don't know yeah i've definitely i've thought about this web3 dating app idea quite a bit already and um i really just think that adding a token to it makes it there's i don't really see
any way that it makes it less broken than the current iterations i think it's like uh
i don't have to do it without a token.
Like the token makes it more even like weird and freakish for people.
Yeah. Yeah. Yeah. I, I do agree with this. I think in most cases, it's like, uh,
it's the, why do you have a token question?
And then the answer is a secret that nobody can say.
And the thing is like, if with this kind of platform, if you actually did it well,
I don't think you would even need a token to create revenue. Like I think the,
you know, like study the, study the protocols that have done really well this cycle uh did they need a token yeah it's the that's like the best situation to be in is like have a
business that makes money on in crypto and doesn't have a token because then you don't have anyone
pissed off at you like because the token guarantees that at some point people will be pissed off
because like get angry chat.
Unless it literally goes up forever.
We have, we have zero, we have zero examples in the history of crypto of a token going
only up forever.
And also like, you generally don't want to share, um, revenue with token holders anyway.
Like, uh, they're just constantly harassing you about that.
And you're like, no, dude, I'd rather just keep the money, you know?
Yeah.
I think the issue with building OF is that there's so many people that have tried this.
It's not a it's not a strength that I think our team has.
And also, I think there's so much A.I AI creator stuff that's going to happen in the future.
It's hard to predict how it's going to go.
I mean, that's an angle.
It would actually be cool to build a platform catering to the AI.
Yeah, exactly.
Gooner bots.
Because OnlyFans kind of...
You become the scammer.
Oh, you just facilitate the scammer, right?
And skim a bit of the money out of the middle
but i think i'm pretty sure only fans uh kycs so you can't really you like spin up 100 ai bots
but if there's a platform that allowed that that was like crypto based maybe
imagine if each of these bots had a token assigned to them. Could mega freak it out then.
Oh, that's fun.
I do like the idea of speculating on AI dating profiles.
Sometimes it becomes like a fetish market too.
Like this is like world historic Gooner shit.
The problem that I keep coming back to with all of this is like world historic gooners shit the problem the problem that i keep coming back to with all of this is that like uh all of the ways in which i think they're most guaranteed to work are also things in which will like grind the
humanity into pace uh yeah i'm trying to think i'm trying to think yeah like i'm trying to think
of a product that doesn't because like you know it know, it's like if we were going to do like an AI boyfriend app
that just like traps women in like a self-help like BPD loop
and like suggests products to them and says like,
oh, queen, like your setting spray is cooked at like noon.
Like you should use this one instead.
And like does affiliate link spam?
Like you can probably run that up a lot,
probably run that up a lot but it also probably like rates humanity
but it also probably like rapes humanity.
yeah it's like uh i don't know man what if you have like an ai girlfriend thing and then you
or a boyfriend and then it tries to find a human that is similar to that for you like it's like a
global search engine
it's like a relay race thing like you take it from here buddy like i got her warmed up for you
yeah exactly it's like it's like you here's what you'd like and then they go and find that specific
type of person for you or someone who matches that or or or more likely they like someone can
see it and like train to be that as well yeah i
think there's something to that like um communicating with the ai so the ai can
like understand your preferences that seems like it could be good
maybe ever some robotics play i'm speaking with someone starting to incubate a lot of uh crypto
robotics plays right now and uh that one's tricky that could be a dating angle dating crypto
robotics boom oh god now i think i think we're uh back to the territory of things that will be outmoded in a short time period because we're combining buzzwords.
Yes, robotics is going to be...
Are you bullish on humanoid robotics generally?
Probably.
I think, you know, you make a good argument that human form is kind of shitty, but I think there's something that people trust the human form.
Like they trust things that are moving in the human form. So yeah.
So like service staff will get replaced by robots that are humanoid.
probably i always thought like the yeah i i was about to say the sex thing but like i've actually
realized i'm kind of bearish on humanoid robots for sex because uh also if you look at stuff like
neural link eventually they're just going to be able to override your perception and like your
senses and stuff probably to the point where you can just like i don't know like virtually have sex even without the robot yeah if you if you can instantly tap
into the goon matrix uh for like five minutes at a time then that's just it's a way more
product than like having yeah i think that's like that i'm way more bullish on that like uh
like just jacking a straight in with the plug in your skull or something for virtual yeah i imagine that's gonna be like much more uh like you're gonna hit like untold gunner paradoxes with like the
neural link gunner jack-in versus like fucking a robot right like mostly most of the like really
wild shit you can't even do with a robot unless it's like uh you know like you've got to have a very specific robot that like yeah yeah and if you have like a
combination of an ai that uh like recognizes your preferences and then goon net like it's
going to be world historic like humanity destroying stuff here like you actually have to
hurry up and do your thing to save humanity because we're cussed, man.
I think that –
The people do like – I mean this is the thing.
The people like hearing about this a lot more than they like hearing about liquidity provisioning.
Yeah.
Yeah, we can just sit here for an hour and talk about like, we lost a shitload of money today guys like all our bags are down
sue sent another one of the leg lengthening links
sue is really bullish on this leg lengthening incel surgery.
When did I send you another one? Just now?
Well, it's, yeah, this might have been from yesterday, but this was the new one I was seeing in the private chat.
It's from yesterday.
If you're that bullish, you should do a live demo of the leg lengthening.
I don't know, I think i might current height i
probably don't need it as an asian guy if i was white i might do it um but as like chinese like
it's not there's no need
tallest chinese like what's your alpha
i still just can't get over the idea like them song your shin bone in half, man.
That's just too much of an idea for me.
But I think once you're comfortable with being trans, you should be comfortable with
being this, right?
This is easy.
What?
I'm not comfortable with that either.
I was going to say that's quite the same.
Once you're pro-trans, you should be pro-trans. That's all I'm saying.
I guess I can see what you're saying.
Yeah, it's like very...
As far as body modifications go, this is not so crazy.
There are crazier ones.
Yeah, but...
Like, example?
Face tattoos are actually kind of crazy.
Or like eyeball tattoos.
I don't know.
There are certain augmentations
that I would find less horrifying
than getting your shin bone sawed in half.
If it was
a choice between that
or getting my eye replaced with
a robot eye, I would definitely do
the eye one.
Oh, really?
Yeah.
Eyes are really scary to fuck
with i could fuck you the fuck out of like oh i'm sure i'm sure you could but like i would literally
rather get my eye replaced than like it just feels like it would ruin the structural integrity of
your leg do you know do you know how complicated the nerve linkage from your retina okay but we're
just assuming that like the tech exists and it's good right like at some point in the future we're gonna have like like in the yeah in the abstract
not like right now this is current moment like regrowing teeth is already like giga hard and
like far off replacement eyes is uh it's like you're gonna be able to see you're gonna have
like light detection yeah but like imagine you could could 16 by 16 pixel array like shit is so fucking complicated like so much of your eyes also rely
on your brain's inference like you're running they're actually making some uh you're running
a constant like ml model it's doing inference on incoming ocular data that's like it's it's a it's
the world historic greatest inference engine like you're like imagine
you could like from information that like basically doesn't exist it's amazing but like the idea is
that you would just um have an eye that is able to output the same signal as your regular eye right
like it taps into the same neural pathway i think neural link is actually like studying this stuff
because they are one of the big things is like they want to be able to restore sight to people that can't see like blind people so they've like kind of been mapping out the uh
ocular signals and stuff i don't know man like imagine you could get like uh like heat vision
and like night vision and shit wouldn't that i think that'd be cool i would rather do something
like that because it's not going to like ruin the structural integrity of my leg like from sawing
the shin bone in half what is psyche like in principle if we're talking about like the tech
being there then the tech could also be there for legs right well yeah if you have a mega leg versus
a mega eye imagine you could actually just like replace your whole legs assembly instead of uh
that would i would that would probably like freak me out less.
I don't know.
I don't know.
I enjoy lifting too much.
Having a cyborg limb would take all the fun out of it.
Yeah, you would be kind of cocked, actually.
Unspeakably cocked would you view like the trans thing is different if we could actually biologically change people's
gender like at a genetic level i mean like if if what i view the trans thing different if it like
worked is a question right so i mean it inherently like if you could actually change gender
yeah because now it works versus not working like i don't know i don't know if i would be like pro
it or against it but it's like it sort of doesn't matter if it actually works i mean the main issue
is just that it's like it doesn't right yeah yeah i mean the pro trans argument though is that like
the science can
only get there if you allow certain forms of transitioning first then the scientists can
experiment with parts and like you know make it better i think the idea that you get there by like
uh surgically inverting one genitalia into the other is already it's just sort of tricky that's a bit ridiculous it's a bit much it's ridiculous it's a completely different like skill tree to do the
genetic modification like you almost have to like hone yourself with different genitals and then
transplant your balls or something like and then probably live that way for a few years too to
like actually acclimate to it it might actually be easier to just transplant your brain into the new flash that would be interesting yeah like a clone body
someone's saying 4x decks is better yeah we've been thinking about doing 4x actually
um just trying to figure out how to get the oracle price if we were to do that um
con eyes have a background
in foreign exchange so we could do that i just don't know if it people would trade it or not
i think right now maybe but i don't know it's pretty boring most of the time didn't kyle basically
invent like modern forex trading invent i don't know about that but yeah definitely did a lot of
foreign exchange trading.
I've heard from many Kyle Gigables that he created the entire system that is now broadly
used by everyone.
I don't know how true this is or not because I don't know how true this is.
I think it would be pretty cool to...
With all the different fiat stablecoins that they're coming out with, it would be pretty cool to uh like with all the different denominated stable coins or different
fiat stable coins that they're coming out with it'd be pretty cool to do just like a
currency exchange platform that works with crypto i think that could uh
there's like a lot of fees you could absorb there because the current ones are very expensive well
like uh you could like swap usdc into euroc on chain and then transmit it to
the other bank account you know what i mean like uh like a lot of currency exchange is super high
fees right now it's like five percent even at like at my uh bank of america i can go in there and do
currency exchange and even they charge like five percent on major currencies that's true
percent on major currencies that's true but the user needs to have a that that bank account in
order to actually wire that right so that's true it already exists on base as well oh does it
what's it called it's uh it's got uh euro c i know. I've seen the pool for it. I don't know what the project is.
I've seen the pool on Aerodrome.
I guess you could do Forex trading that's not really... If you're trading the stable
coins, is that even the same thing? Is it regulated the same way? You know what I mean?
I'm going to be honest. I'm just going to veto this Forex idea because I think we won't be able to talk about it on streams.
Like, I think it may be an actual product, but I just think that this is something that, like, just has inherently massive giga capped TAM and interest value.
I feel like we've got to do, like, genuinely useful in Soltech. I feel like that's the biggest TAM of the value. I feel like we've got to do like genuinely useful in cell tech.
I feel like that's the biggest TAM of the team.
Of the world, actually.
Not just of crypto.
Of the world.
The in-cell problem is the most important
problem of our generation.
Yeah.
So, just all inclusive, like in-cell technologies.
just all-inclusive like um like in cell technologies i mean i guess forex is kind
of in cell tech in many ways but you could make an argument for it definitely i would kind of push
back against you saying the tam is small though because uh isn't it like one of the biggest most
liquid markets in the world i don't know man, I'm saying it's small because you're approaching the Web3 side of Forex trading, right? There already exist massive
Forex trading firms. And so if you're somebody who... It's like you're approaching the retail
Forex trader. Does retail like trading Forex? And if they do like trading Forex, do they actually and if they do like trading forks do they like doing it on the
blockchain is now the question right yeah but the next billion years tried pretty hard to build this
out it didn't really get much traction um yeah it's tricky it's tricky like i think there was
some product that did this with 16 as well like you know you can save a little bit of fees maybe here and there but i don't think
it's so i don't think it's a big product it does sound like it actually might have a use in that
like uh you know you don't tear up bitcoins uh but forex is also just like really boring to talk
about yeah i mean that that is the main thing for me like i like old man trading
4x how much like imagine imagine lucas and sue posting about 4x day in and day out right you
can't you like hopefully be a bottom so if you have a successful mental model of either of us
it's something that you can't imagine in your head someone's sayingX lowest price in history, is it okay, Sue?
I don't know what okay means. I mean, the market's down a lot in general.
And a lot of the users are long, so when they lose money, the people who shorted and made money,
they have hedges elsewhere, so they'll sell AUX to recoup that profit so uh it's kind of to be
expected i think that you need a here i think people don't understand what you're saying when
you say that thing about the short hedges but the idea is basically that ox has higher funding than
other places generally so you use it as the short leg of the hedge so more often than not you'll have like big short users uh when the market's going up
aux tends to pump because the people that like if users are long perps and then going up then
the market maker the arbors are losing aux and they're making dollars so they'll use dollars to
buy aux and then if the person making the money doesn't sell the ox then the coin will keep going up so you know that that's how that works i think right now you know
there's a little bit of a concern about the seasons and inflation but really this is the whole goal of
it like we discussed before is the is the mince ability to actually be able to get rid of mince
ability um so that's kind of the the actual roadmap so um but a lot of coins are
down a ton i think this is no exception um also why we're discussing um maybe other ideas for
what aux could be i i don't know what your history is with aux like how long you've been in the coin
that their guys have been in this since aux one open x days that there are guys who came in for the meme coin stuff um yeah lucas and i just
been grinding out aux for for ages uh uh press joined during the meme coin uh timing so uh we're
we're here to just like figure out how to make this thing work, make OX go up. But at the same time, you know, it's like hard to force it in this market.
Right. So, I mean, Vitalik can't even keep ETH over.
It's like seven year low at this point.
So, or however many year low it is now.
Five year low, I think.
Seven year versus bitcoin low
it's actually wild
i really never thought i was like this low because this is like pre-defi type
yeah that's what i was about to say really good to show defy is not that useful actually
um and store value
yeah it's really sad chart i just remembered my validators
jesus
that was my thesis like how much can it go down i'll just leave them staked in the nodes
that decision was made around here it'll go up again right right right we'll get another 4k bump
right there was that guy remember the one that ko tweeted out, which was like he tweeted in June
2022, like
he's going to triple top at 4K
and then go to zero.
Pretty insane.
Must be a time travel.
Coming to reality.
We're definitely getting close
to complete crash out levels
yeah i mean i'm kind of more in the andrew keng camp now too it's like this thing is uh
like intel basically right it's like legacy tech almost at this point so
yeah most of the crypto runs on evm but that doesn't make it good like yeah
there's just not anywhere near
enough adoption and then and the stuff that is using that stuff that is getting adoption in this
cycle doesn't use smart contracts that much like athena doesn't use smart contracts that much right
right so tick off chain yeah that is funny like one of the most popular products that launched on eeth this cycle was the short eeth
basically i mean i know they're delta neutral but yeah delta neutral no smart contracts on e
basically just a tokenized wrapper i'm just like yeah i've just gotten kind of bearish on smart
contracts in general like they're just really haven't been that useful kind of sad but
just is what it is it's crazy how the bear market happened before entities could even come back
i'm not surprised by that at all honestly like uh didn't really expect nfts to ever come back
there's like a few good performers like uh the remilia assets all did really well i think punks are back up pretty high right well i don't know what the price right
now but punks went from like 30 grand to like 150k or something yeah Yeah. If crypto goes to zero, what are you guys doing?
What would you guys pivot to? just uh i don't know because
also programming is going to zero at the same time
because of ai so i really have no idea i'll probably just fuck off
i think this is where people learn how to garden
yeah
i'll just say what each price will you learn how to garden
learn to cook, learn to garden, log on.
I like cars, bikes, and stuff, so I'll just fuck around.
There's actually going to be a large degree of micro-niche manufacturing resurgence.
You want to buy a used car or something, it's like okay the ford taurus uh
2013 has like this one mounting bracket that always breaks uh and if you can become the guy
that supplies this to the whole forum of ford taurus users you can make a pretty good income
as a single uh single family household like uh i actually did some of this stuff during covid with
like motorcycles where there's always like there's always one fucking part that's just dicker, right?
Yeah.
Yeah, especially with Japanese bikes.
It's, like, everything will be perfect and rock solid except this one thing that if you change it out, it just makes your life, like, 10 times easier.
And, like, I knew a lot of local machinists, so I would just run parts for these guys and then just do, like, order to fill.
Because usually you can just
run it through the same uh means that i use to prototype parts at work and uh yeah it's pretty
so we can all learn manufacturing like i can teach everyone i can teach everyone manufacturing and
supply line logistics uh master cam we can do the fusion 360 if you're too poverty for SolidWorks or some better modeling program.
Is SolidWorks actually that much better because I use Fusion 360?
Is that like cringe?
I mean, it's like I'm a little bit trolling, but like I just like grew up using SolidWorks at various companies.
So I'm just better at it.
It does have a lot of like base level like they've patented a
few of the like movement designs so it's just easier to like move models around and stuff but
solidworks is very much so like it's not great for modeling like an assembly that has like 2 000
parts in it or something like that and that's what most companies wind up using it for so you just
it's like a meme of solidWorks crashing all the time.
Fusion 360 also would crash under those circumstances, but nobody expects it to do that.
Fusion 360 used to be insane because they let you have access to a bunch of like,
they weren't like as good as the, uh,
DeSoe systems like modeling and simulation programs,
but like they were great for just like what you have access to for free.
And then they walled them all off and you have to pretend that you're an
educator now if you want them this guy is saying eth is dead right yes definitely a bottom signal right
there i'm all on this guy's bottom signal this dump is not a bottom signal in my opinion because it's like um
like the triple top and then nuke is not a good formation that you want to create um
yeah i i don't think it's really like uh bottom until soul is at least the same value as eve
if like that's when there's maybe a chance for it to bounce i think you mean like 500 sold i'm gonna eat no like market cap yeah yeah yeah i i think so we'll just flip it there's generally
there's genuinely no reason at this point why it should be worth so much more like uh it's just i
think it's like i think it's like a historical relic where it's like hey one like there was a
period of time when we bought it as if it's bitcoin yeah and then that that's kind of cooked so i kind of like i understand why people
that bought it super cheap um and got involved early would like stayed bullish on it but i don't
really understand there seems like there was even a new crop of users this cycle that became east
maxis i think maybe they just like
fell for the programming during the bear market when everyone was like super bullish eath but
i think there's mladies yeah i think like yeah like to me it makes no sense like i i knew why
i was bullish on it because i was buying it like sub 80 or whatever which it wasn't even that early
but uh yeah i just don't get why you look at the current state of the market and be like yeah eath is the thing yeah it's just really tough i think the market is still too high in
dollars is the problem like and no one can pump it like funds are like fomo shorting it they use
the on ramps to short so it's like you know they're creating these trap by rappers shorted
harder it's just brutal.
I mean, 50 cents.
I don't think he's going back to 50 cents.
I think there's good support around 1,000 probably
range.
To me, it's just more of like
rather than a specific price range,
it's just like comparing it to Sol.
As long as Sol's worth less,
it's probably going to keep yeah they wanted something radically changes they wanted to get
compared to bitcoin but they've they end up getting compared to soul and then souls much
smaller but does more so you're just cooked and then the problem is also if Sol itself dumps, that also pulls ETH down because the
TAM of all smart contract L1s is also going down.
So like when Sol goes up, people sell ETH to buy Sol.
When Sol goes down, people are like, well, I have to sell ETH because Sol is worth less.
So I'm benchmarking.
So you sell ETH either way.
So the main use case of ETH is selling.
Crazy coin.
We said that we said that probably like a year and a half ago, right?
The main use case of ETH is selling.
And we didn't understand like we were right, but we meant like selling like first order. We didn't understand also that ETH would be used to make mechanisms on ETH to wrap ETH to sell more ETH, right?
Yeah, I mean, it's crazy seeing people bullish on like DeFi on it too because it's like, it's all to give you ETH long exposure, which you don't want.
So how can you blow something that gives you an exposure that you don't want?
Like if it was a short ETH, then maybe.
We should do like
reverse rehypothecation i mean you you can't use avid a shorty i think some guy used wdc and short
a bunch of e versus bitcoin through avid but like well i mean what's what's the mean like if somebody
had just deposited like a bunch of ether and withdrawn like stablecoin collateral and then
just let themselves get liquidated like that's basically well they won't get liquidated because the the ite borrow will
be worth less than the dollars that they put right but um i think that's the other way i
mean that was free then you mean borrow stable coins yeah like uh someone like yeah if you let
it get linked yeah it's almost just like a like a stop loss or something yeah on chain
i was wondering that guy got liquidated for like 140 million dollars i was wondering if that's what
it was is he was like uh he just borrowed the stables i wonder if he was like leveraging up
or if he was just like protecting downside yeah this guy is right by the way katia is the thing
that all of the uh the big boy aerospace uses industry still uses solid works for like a heavy
industrial stuff for a lot uh i don't know why everyone wants to switch to katya and it's just
impossible because everyone is trained on solid works and i think even though they're made by the same company it's like uh slightly different enough it's confusing um this also true lido
like there's actually a way that you could have completely missed this cycle if you never updated
your priors from last cycle like you could have actually never experienced a dcr tweet yeah eat 10k is programmed
lido eth yeah i did like a poll this morning on how like what percentage of people's portfolio
is in eth and i think it was still like 40 or 50 percent were like 75 to 100 allocated
it was only 50 replies or something but still yeah like oh god it's a lot
i think that's just because you're in my lady sphere dude like there's a way that no actually
i'm followed by a lot of solana people as well because of the yeah that's just horrifying
yeah no it's kind of weird for me to see a lot of these like guys that i used to know as like
these hardcore ethmaxies that just casually
post about other chains now.
As if they were never ETHMAXies.
Yeah, the capitulation is
already set in.
I think they're just going to
move on.
The thing is, it's such a big coin.
No one thinks they can fix it themselves.
You know?
Because also, they can't. It's just too high of an MCAT thinks they can fix it themselves you know yeah it's just because also
they can't it's just too high of an mcap you can fix it with it's like 30 billion but at 200 billion
it's hard to fix you know it's just not like one doesn't fix 200 billion dollar things through one
yeah it's like i'm going to fix microsoft like i've noticed that microsoft has been really
struggling lately and i'm going to get in
there and I'm going to power fuck it back to its rightful place at the top of US tech leadership.
Except Aptos guy. He can fix Aptos. Yes, that's true. I can.
Is he there the whole time? Lucas? I just came in like yeah you just just wandered in
it's looking pretty bad it's like below five dollars so let's see the aptos chart
this looks pretty uh it's not a ghost bottom though if i'm saying it's looking bad here
uh yeah well to be fair it's at a level
yeah well to be fair it's at a level
like if you draw a level from this other wick so it's a level it's not bullish guys this stuff
this is bitcoin the dominant is going to 75. um i've never heard of this one before
aptos you haven't never heard of it
what is that it wouldn't shock. So many times they're like, what? They're like, hold on, doing Aptos VTO.
They're like, what?
So funny.
What?
Is this like a Chinese meme?
Like what is Aptos?
Yeah.
Lido should have stayed on Solana.
Were they originally on Solana?
I don't think they were, right?
I think they had Kusama, Solana, like other people.
Yeah.
Yeah.
Yeah.
Yeah.
Yeah.
Yeah.
Yeah.
Yeah.
Yeah.
Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Lido should have stayed on Solana. Were they originally on Solana?
I don't think they were, right?
Oh, they had Kusama, Solana, other chains, but they lost Solana.
Yeah, they tried to do a Solana, but really, they just lost to Marinade pretty bad.
They kicked their ass.
Marinade and Jito, right?
Yeah, Jito came out later and started absorbing a lot of share from Marinade,
but Lido just couldn't compete at all yeah people just like uh the solana community just
like solana native products a lot more i think they actually care about that quite a bit that's
true alignment or whatever was this the aptos guy capitulation candle were you selling i'm not
selling i'm just i'm fully i just you're not selling, who's selling?
Who else holds Aptos other than you?
Name 10 Aptos holders.
There's only 10 holders, I think.
So just look at the cap table.
Nine now after the Aptos guy candle.
One, two, three, Mo, maybe.
I don't know.
It's actually surreal seeing it at like $4.
I'm like, wow, this is actually like I'm refreshing my screen. I'm like, wow, I feel like buying at like $6 and $8.
Just one of those things.
Like when you buy a coin and it looks cheap, where's the chart,
and then you look at it, if it fell 50%, like would that be possible? And you're like, yeah,
it would be possible. And you're like, it's asset class kind of sucks.
It always goes lower than I think. And then the other idea is I hope it can go higher than I think
too, but it's still a little future. There's a chart I got who explained it to me recently as like,
crypto feels like you get all the downside, but not quite the upside of like early investments.
It used to be the reverse, right?
Like ICOs were definitely the reverse.
Like ICOs were based because I, as like a retarded guy, like gooning in my basement, was able to buy like early investment tickets on things that had like
retarded returns
and were immediately liquid.
And then at some point
they became like
you are just buying
later and later and later.
The use case of crypto was buying early
and then as it became buying later
all coins became less
cool.
True. as it became buying later all coins became less cool yeah
true there's a good point too there'll never be demand for eth which will lock up in like blast or eigen or lrt's like that that ship has sailed right the whole restaking stuff so
like now that the yield of eth is like two percent 2%, and it's 2% in native yield, sure, but it doesn't matter.
I know you would actually prefer 2% in stable coins, right?
Especially when you can get like 5% stable coins.
In a US bank account, right?
Yeah.
We get 12% in Coinbase, right?
Only for 30k though, I think.
It's like max 30K.
Or is it actually 12%?
It has more than 30K at this point in the cycle, right?
I don't believe it.
This guy's name is funny.
MEO.E Soul Maxi.
I love that uh do you think i basically don't think ico's can have a comeback no because the entire reason
ico's worked is because you had nobody knowing that it worked and now if everybody knows it's
like airdrops right like ico's stopped being what they were because you eventually had enough seed
investors say oh there is capital here that you can make like a 20 000 x on an initial ticket right like ico's stopped being what they were because you eventually had enough seed investors
say oh there is capital here that you can make like a 20 000 x on an initial ticket and like
when you have everyone trying to ape into initial tickets making 20 000 x's like who is the exit
liquidity who bought like the market also knows at this point too like everybody knows the rounds
that everything is raising at and so they know when investor unlocks are likely to happen or when they're going to sell.
And so like.
The other thing is like it was a regulatory arm because it wasn't even regulated.
Now it's kind of people are kind of aware that this is, you know, like private investment stuff.
And it gets regulated like that now yeah
i also just think like if they have a comeback the question is like coming back to do what like
to to pump or to like do white papers or to build anything uh if building anything the problem is
that meme coins are better at for like fast speculation and then ico is there needs to be like one that
does well right like something that's going up a lot and then makes everyone fomo the other ones
like you need zrx or whatever and stuff to go up but like now you you don't have that precedent so
if you did an ico now people would be like this is gonna trade under the lbp price after like a month and it's just gonna be dead
um like i've seen lbps that are down not like 95 from lbp price like one week after lbp uh so
so you know you just because a lot of lbps are themselves semi scams where the the team
buys their own lbp so you think the price is like has demand but it's just you and the team buys their own LVP. So you think the price is like has demand,
but it's just you and the team buying the price.
Right.
So, yeah, I mean, the ICO format can be manipulated.
Like, you know, Lucas and I did a podcast with CryptoSFO who talked about how he helped build the tech
to snipe all the ICOs early on.
So like basically like they had like 10% of Kyber, 10% of all these early ICOs because he just wrote all the stuffCOs early on. So basically they had 10% of Kyber,
10% of all these early ICOs
because he just wrote all the stuff for it.
But yeah, it's pretty wild.
it would be gamed if it was good.
I think Echo is trying to do that
crowd sale platform stuff.
But there's just not that many projects.
Some of them have gotten quite a lot
of demand like the mega eth one sold out really quickly crazy demand yeah i feel like echo has
this halo effect because of the athena mainly um and then kobe obviously as well but yeah kobe is
like a big driving force behind it for sure he's's a big driving force. If you look at, you know, DPIs or like returns,
I think that, you know, they get you in relatively early, right?
So Monad, like Mega Heat, I think on Echo
is a third of the price of the NFT sale as well.
Yeah.
I tried to get into it,
but I guess apparently there was only like 500 American slots
or something.
And I was obviously KYC didn't as an American, but I
did get into the NFT sale.
We're just waiting to be able to dump that.
Sorry?
You go ahead.
I wasn't saying anything else.
Just wish they would make the
NFTs liquid already.
This guy says, what price
would you bid ETH or is there no price i mean the lower
it goes the less it looks good to bid it i mean it's just like blackberry i mean people are already
been calling it blackberry but now there's actually no reputation to it because it actually is
blackberry right um actually it's worse than blackberry in the sense that blackberry
you could say had like institutional and then the thesis for Blackberry at that time was that Blackberry would still be used by all the corporates because iPhones weren't secure enough for sensitive transmissions of data.
Whereas here, this like, okay, DeFi is considered useless because the main use case
of ETH DeFi is to leverage your ETH.
So if you don't need to leverage your ETH, you don't need ETH DeFi, right?
Like you don't, one does not need Maker.
One does not need Aave, right?
The one thing that you can use it for now is like using Bitcoin as collateral on DeFi
because like Coinbase has their wrapped BTC product.
Like I still use it quite a bit just for that, but that doesn't create any demand for ETH
at all.
And you can do it on Sol too.
Yeah, you can do it on Sol.
I still generally trust Aave more than Camino.
Maybe that's unfounded.
Yeah.
I mean, I generally want ETH to do well because I think it's better for the market if ETH does well.
It's just a shame that this cycle has been so weak.
I mean, I think maybe there was actually no way that they could have done it.
And Vitalik kind of knew it, so that's why he tried to make it a Bitcoin competitor.
But he didn't do enough BD basically to get that through.
I almost feel like if they would have just left it alone, like when it was a proof of work and like fees were very high, it would have had more of a Bitcoin narrative.
Like the fact that they changed the economics so much and like messed around with it, that kind of just like.
Yeah, absolutely agree.
That's one of the things that I regret about Aux1, Aux2, because like when we did the bridge, we had reasons why we had to do the bridge.
But like it's actually really bears to do migrations or just change stuff in general because when you start doing that people
are just like okay i i can't hold this coin for like five years on chain anymore like i have to
like be really active or i have to like right follow your roadmap a ton um because like ox the
like some of the highest volume for ox was when i was in prison because people would just trade
as like a prison meme coin and they speculateulated oh yeah yeah they released like sue's
about to get out i remember yeah like i have the info and then it's gonna but it's actually like
once i got out they're like okay he's out now like it's over so i have like the uh aptos chart
up here i just realized it's kind of the same triple top and zero pattern
that ETH is doing, but a smaller fractal of it.
Triple top and zero is one of the nastiest things
because it doesn't give any new buyer hope.
If you're a new buyer, what is your thesis at this point?
What are you underwriting, as Chumas would say?
What are your underwriting standards?
It's kind of terrible I think about.
How do you think Eric Trump feels about his tweets?
I think he feels great, man. I think he's
the son of the president. I think he feels good.
I think he's
stopping him.
I don't think he's losing sleep over this tweet.
Put it that way.
What tweet exactly?
He advised everyone
it's a great time to buy eat thank me later
message received oh i mean honestly the craziest tweet is the weekend one where they announced the sbr on a weekend and then he's like for the first time like retail investors get to know before
on a weekend and then he's like for the first time like retail investors get to know before
like the nine to five like weekday yeah wall street finance runs 24 7 now and it's like
permanently top of the market crazy topic that one honestly what i saw actually i had a bad feeling
but i i should have sold but it's just just like, fuck, it's like, boom.
It's still over.
It's crazy how fast it can happen.
Yeah.
Remember, like, a couple weeks
ago when people were like, are we in a bear market?
Yeah.
People are like, oh,
the bull market hasn't begun yet and they're like wait
eath has literally triple topped and then gone back to a thousand five hundred
it's like wait i'm already down i believe i believe we can say fairly that the bear
hasn't begun yet right like we actually can't say that i think you you could say the bull market
never began for you you could say that um but it may never begin if both didn't
begin it never began yeah will never become the bull market for eth lasted about a month
after the election that was it yeah absolutely insane there is no bull market or bear market
so insane there is no bull market or bear market i mean honestly soltologist markets
i mean soltar looks like super cycle perhaps like the solana chart 104 this is not good either
no like this is kind of i mean the l1 thesis is just kind of like dying i think yeah i don't know
it's definitely dying because institutions don't believe that this is real
anymore because one of the things people don't remember or don't realize and why i think it's
still better for the industry if it hadn't died is once the first l1 dies all the other ones get
lower premiums because they're like okay even if you're number one you could just die like i could
just put it in cold storage i come back in two years and you all tell me that it's dead now
right so it lowers the
chart looks or the the uh soldier looks fine on log it looks okay it looks okay it's not as bad
as e i mean this is at least making like highs and stuff yeah it's holding the level uh it's
at 104. i mean you wake up and this is like at 92 or something that's yeah that's true oh this is
already logged oh my god like 100 it's disturbing to just float toward 100 like this especially i
mean it especially when it was like eight dollars it went from eight to three hundred you know almost
yeah
murad hasn't probably not great it's it's actually gone down another 50 since we started streaming
whales are listening and selling
our cutting is paying off
this is the worst coin ever invented. I think the E2 roadmap stuff, it's borderline.
It's pretty bad. I actually knew that it was bad when they pivoted from execution sharding.
I was super bullish on execution sharding and scaling it that way,
and then they just decided that was too difficult and we're going to do L2s instead.
I even knew at that point, this is not a good idea, but I was just like,
well, all these people are probably a lot smarter than me you know like they know better than i do but i mean basically like cannibalization
like you're just it's like uh you're just proving to normies that you can infinitely copy paste the
stuff and then there's no value cruel to the infra coin right because the security consumptions are
all the same pretty much they're yeah they're worse
actually they're like much worse yeah they could be the same but everyone just like yeah they're
didn't even bother everyone can coast and say that like oh it's inheriting security when it's
actually not because no one actually calls them out on it or like cares you know yeah yeah exactly
Exactly. Wow. 1528. That's not a high price.
Crypto has become kind of cringe. Last cycle when I entered, I thought this was completely
changed banking and finance completely. Used to half understand Sue and on Common Core.
Yeah. I think DeFi kind of dropped the ball. Too many hacks, too many exploits. People got jaded.
Founders left. And then the stuff that did do well was
like ponzi's and so because of that i think i got a like a dirty reputation
it's definitely like um i've said this before but that's i believe that's why eth underperformed so
badly this cycle because all of that stuff was already priced in it was already priced like it
was going to change banking and finance and uh can only just say that for so long.
Yeah. At some point, they're like, you haven't changed anything.
Yeah. Yeah.
I mean, it did get a lot of stable coins on chain and people always thought,
well, then there's so much wealth on chain. Stable coins are definitely a good use case,
but they're completely centralized and freezable.
So you really don't need a super secure chain for that.
You know,
like they deployed on like practically every L1 that exists USDC.
Yeah,
it's true.
And then long run,
they probably just deploy their own chains somehow.
Oh, isn't noble kind of their chain or at least like incubated by them noble to the cosmos chain
i thought like that was kind of circles project but maybe i'm conflating two different things
things oh maybe you're right yeah noble uscc yeah
when do they ipo what date is that they delayed it
it would be not a good idea yeah they missed it every cycle this is another heuristic now
circle missing the time to do the ipo having to delay that's a way another four years
this is so cool man it looks like we're about to like leg down again or something
i know i was i'm like looking at this in sort of horror it's just it's funny to me at this point
it's shameful we did we we got we got the xrp gap down let's see is uh we got the tron gap down
i mean tron is honestly doing better than everything else in the entire market today
we gapped yeah truggling that four percent
no sellers
best performers on nil caddy tst pax golds definitely glad i flattened out all my perps
positions because i would be getting hammered right now okay so you remember when we were
arguing over whether this coin was going to go up or down?
Yeah, yeah.
Can we call it now?
Weren't we saying that it has to go either double or half?
I feel like that's much more interesting.
It's almost at half.
Almost at half down.
Yeah, sure.
You win.
So it was just a scam all along. along dang that looks really ugly on that time frame
everything's up how does b b look
oh it actually did go down half. Okay. Then yes, we can...
It didn't see half down here.
B&B 547.
You just must have better instincts about this stuff.
Like, I see a candle that 3X is in three minutes, and I, like, instantly want to buy that thing.
Really?
Yeah.
I just get horror.
Like, I see something like this, i'm like oh my god like i have
almost never seen this candle not retrace
yeah you're probably right like this is actually just the eth etf candle on like a lower time frame
yeah what is the use case of stable coin if not defy you can just transact the bank account some
people can't open bank accounts that easily so stable coins you don't have to open bank accounts you
don't talk to anybody oh that looks really ugly this is really bad this is literally going a
thousand to be honest um bitfinex liquidation 16.38 million dollars god damn brother you could pull up by one person hgr or something
agar i don't know how you can say that just giga cooked
i feel like how is there even still that much open interest to liquidate at this point like
are people really still leverage long
eth i think people just think eth is a real coin i think that they think it's like real beta to
bitcoin and it's going to bounce because last cycle ebdc did go lower and then it bounced really high
yeah people are waiting for that ebdc move like like the galaxy at the beginning of the year said
you know ebdc will drift up to like 065 casually just said that you know so
but each cycle is different like it's actually very very different every cycle yeah definitely so
yeah there are a lot of equals still a lot of the liquid funds out there they're probably okay but
a lot of the slower funds like the venture funds they have a lot of view because it's the easiest
coin to deploy and they're usually not allowed to buy Bitcoin in the mandate.
So the mandates are kind of fucked.
They either have to buy ETH or buy Sol for a lot of their cash.
And then there's no deals to deploy into.
So it's just kind of cooked.
I mean, I definitely get that there's still ETH bulls, but how do they still have margin to be leveraged long?
You know?
It's just crazy to me.
ETH is not XRP.
ETH wishes it was XRP.
I mean...
There's always a guy that kept saying, eth is basically eos and you won't remember it next
cycle i think i compared it to eos a few times where i just said but you know like i you did
this but i assumed that you were doing that thing where you're like extremely contrarian and you're
just trying to scare the shit out of me just for fun because i'm highly reactive
no i mean it's similar to eos in the sense that like eos doesn't make a new all-time high cycle
yeah
this is a uh it's honestly just depressing yeah american spirits right a lot of people when they bet on
reversal because even always the one that got hit the hardest they're like i'm gonna buy the
worst performer because it has the best chance to bounce and instead just nukes but this is i
think this is also why every time there's an eth led pump the market gets fucked yeah well also
because it just shows that like yeah you just haven't had an ethlet move all cycle
um yeah you've had an eth led you've had an eth led like dumps
a lot no no i like there's many times where eth is the first coin to pump but the pump is five
percent and then it retraces seven yeah like that like that that that bybit uh hack pump in retrospect was the most uh legendary exit
time right at 2850. like if you had caught that you know buy back now good 50 percent
yeah i like the hack is actually very small now but the hack is not 1.5 billion it's like 700 mil
actually very small now.
The hack is not 1.5 billion. It's like 700 mil.
But they dumped it all for BTC, right?
Lazarus dumped it.
But imagine
if you used to buy back the ETH and said,
don't even worry about it, guys.
Yeah, they should have
just kept the short open.
They definitely should have. But they probably would have
gotten squeezed more, right?
Maybe.
People would try to squeeze them.
That's why it went up $100.
Just so many big, big holders looking for exit liquidity, right?
I guess.
Yeah.
I was on Steady Labs podcast talking about it.
And we're like, yeah, it could in theory squeeze a lot.
But it could also be some guy wakes up and is like,
I would like to sell $100 ephs yeah like they were able to find sellers very easily it seemed like
like they had that hole filled at least they claimed they filled it uh
like a few days right i don't know yeah
what's the bowl case for ETH in long term?
The bold case for ETH long term is that they go toward a...
I mean, I think one of the only bold cases is that they become like a privacy coin or something.
Or become like a very, very like censorship resistant coin.
So it becomes kind of like a private version of Bitcoin.
Have you seen the proof of burn thing? Like the zero knowledge wormhole EIP?
I haven't.
So basically it lets you send ETH to an unspendable address, but you can't tell that it's an unspendable address.
And there's some like zero knowledge trickery that makes that possible and then you can mint it to a fresh address later on
so it kind of makes uh they're actually actually have it in the core improvements or whatever on
the core track if you look at the eips I forget what what eip number it is but that I'm actually
pretty bullish on that like that would actually be pretty bad if you have opt-in privacy then
like lazarus doesn't need to sell it to bitcoin right they can just wash it on you it's a eip
7503 it does seem like lazarus just prefers bitcoin because maybe they have an easier time
selling it though or something rather than…
I mean, I think they prefer because they prefer wealth, right?
Like they think it's going to outperform.
But I think if ETH was like very high privacy, they would just keep their money on ETH.
I don't know.
Anyway, I am bullish on them implementing that.
That's actually like a use case where the high level of censorship resistance resistance makes sense to me you know like trading shit coins not so much
but barrett chain is four and a half dollars that's crazy that was nine dollars like last week
tomorrow's gonna be interesting so it's not very good
rice is bad
what's the name of the super psycho not real this time super cycle unreal actually
in one yeah we haven't started the super cycle yet
that's true the real super hasn't begun yeah well it is no it is this is it's just every
super cycle has its drawbacks every cycle is super yes
so you know how there's always like a distribution of the people who like uh
made money net from crypto no what do you think it looks like for this cycle
i mean what do you think it looks like for every cycle like which cycle do you think has the most
people making what amount of money this cycle i think a lot of people made money but i think
people making what amount of money?
Disseco, I think a lot of people made money, but I think that you had to have the right
thesis, like Bitcoin, Solana stuff.
If you didn't have that, you're pretty cooked, actually.
I think if you're trading perps, you're a gigafucked because the market was very choppy.
ETF, so many people died on that because it was setting up as you could front run the ETF,
just like Bitcoin ETF could be front run.
But then ETF, because that was a surprise, keep in mind.
People thought the ETF would not get approved.
It got approved anyways.
And then it proceeded to nuke like 40% in one week.
So to be honest, that should have been a sign that
EE just kind of fucked the cycle because
that shouldn't be happening if there's demand, right?
Pooper cycle.
Pooper cycle.
I would definitely say it gets smaller each cycle,
though, like the amount of people that made
money net oh yeah yeah like this cycle i think very few people made nine nine figures like very
very few uh and like even not that many made like from from a low capital base made like mid-eight
just because i think defy was more scalable um and the and the number of coins you could have
bought that went 50x like from a listing perspective was much higher right like you
could have bought dot at 1.2 dollars went to 50. you could have bought solar like i don't know like
60 cents on binance went to like 250. yeah there's just so many coins like a name like elrond you
could have bought that it's like 400x it. It's like Axie, 1,000X.
It's like literally dozens of coins.
I think there was like in 2019, if you bought BNB just to earn the launch pool rewards for
every launch pool of 2019, you would have made 100X, including the BNB returns.
And that's like an extremely passive strategy of like you buy BNB and you just like collect
and you sell your stuff for more bnb so i do wonder though if like um what if you include like people
that round trip it back to zero each cycle like obviously that's still quite a bit even if you
make that pnl like maybe i think i kind of feel like that percentage of people that just like
make a bunch of gains and then round trip it is probably the same you know like even if more people had more
unrealized pnl as a an aggregate like probably still like maybe five percent of people actually
keep it i don't know yeah i i it seems like the kept amounts the cycle feel a lot smaller
um that's part of the reason why like a lot of people are not
staying crypto now like they're going to other spaces but um you know like it could come back
it could come back like people usually tend to leave at near bottoms of the secular growth phase
so not a bad thing either it's a reset so
i don't know
15.41
i don't know i think kyle said something like at $1, then you'll start buying it.
Sui at $1, after Sui at $1.
Oh, fuck. I forgot about Sui.
I think I still have a bunch of things in Sui pools.
This coin is also very screwed.
Oh, I forgot about Kaido in my airdrop.
Oh, wow. Wow! Kaido in my airdrop. Oh, wow.
Wow, Kaido actually looks weathering the storm well
after it pre-sold.
Sui definitely
mildly irritated me because I did some research
on it because they have a similar
state rent
mechanism, so kind of like an incinerator type
model might work on sui but uh so i was researching at like 30 cents or something and i just never
bought it even though i was like actually this doesn't seem that bad but uh now it's like it's
fine it doesn't bother me anymore it's cooked
everything cooked besides bitcoin guys
will bitcoin be cooked in the new future though that's the big question yeah it's a little bit
like 2018 like all bleeds super hard worse bitcoin then bitcoin is solved in halves um unlike some crazy fud
be uh in the insult dating advice guys back leafy okay
only fans girl bpd girl obese divorced, green card girl, living in a nightmare.
I would go with probably the divorced green card girl, man.
He's also a grade.
It depends what the green card's for, like where she's from.
That is a good point.
Honestly, OnlyFans girl.
How successful OnlyFans girl girl that's also important yeah that's like are we talking like this given this pool it's honestly more bullish if she has
like she has like a hundred million payments because at this point it's like she probably
is the most financially better out of the rest of them but what if it was like she has like three subscribers or something then it's just
a girl right then it's just like a either way just like american girl you feel like it's like
literally either way the only fans girl is easily the best out of all these that would be so sad
you're only fans girl and you only have three subscribers that's most of them yeah i think it's
like pretty common most of them is like their I think it's pretty common. Most of them is their dad, right?
Their dad?
What?
Because they're trying to get them to stop.
Or their brother or something.
I'm going to get you to stop doing this
by subscribing to your nudes.
Yeah.
It's very disturbing.
Yeah, like this.
Look, OnlyFans, only top six like it's just this is
just unquestionably the only fans girl what does top six mean like i don't know top six she's the
sixth best asshole spreader on the whole website what top six i think top six percent probably
top six percent okay you could also just say no to all of them.
Korean divorce and husband and husband
are a green card.
Korean energy.
I don't know. I would still probably go with the
Korean green card girl,
but that's just me.
If you're Korean leafy, it's probably okay.
If you're not Korean, a little bit dangerous
given the history.
Unless she has a kid or something,
and in that case, it's like...
It's cooked.
Yeah.
Obese liberal, no shout-outs there.
Not popular in our panel.
There's just no upsides.
At least the OnlyFans girl
is attempting to pay down her debt
in some way.
She may be a...
I feel like this example is too lopsided.
You've got to nerf some and buff others.
It's got to be like...
The BPD girl is just cooked outright.
It doesn't matter. Nothing else matters.
It's just cooked.
Divorced green card girl is like...
She's just going to do it again. She'll probably try and get another green card for is like she's just gonna do it again
like she'll probably try
and get another green card for the sake of it
right like she's like
socialist girl like like only fans
liberal girl like very left wing
versus the worst green card girl
just fuck her into being
red pilled
red pilled
only fans girl versus
obese liberal.
I meant like red-pilled green card divorcee
versus highly
liberal OnlyFans girl.
Never understood who was bidding SWE.
Definitely not CT.
OnlyFansgirl is bisexual.
She makes K-pop edits. That helps.
Oh my god.
He's just like anti-nerf. We're like,
you need to nerf the OnlyFansgirl.
And he's like, we're making her even better.
Like...
I call her angel.
How is this a nightmare? This is like humble bragging now at this point.
Are you?
You're just like flexing on all the... This is like...
Flexing on the chat.
I'm such a true sell, but I have like five...
This puts you in the top 90% of men dating in America.
My choices are so nightmarish.
Life is a nightmare trying to awaken.
So cooked. life is a nightmare trying to awaken so cooked we gotta make the geoguessr or the ethno guesser of incel stuff like incel lore slash like um
like rating people like as like like imagine like you get shown a girl for like two seconds
you go get to guess her body count and she like zero knowledge uploads it like you know she has
incentives to not be dishonest because it doesn't matter anyways but basically like she like it
can't be tied to her so basically you just go through it and you like geo guess her it
like what if it's like um instead of guessing body count you're trying to
ascertain like their attractiveness on like a one to ten scale and then we have some kind of
objective way to measure that so you can uh yeah you can do that your attractiveness that's similar
to the original crypto idea i had in 2019 that i actually pitched to like multi-coin and like top VCs.
Like we had a deck for it. And I actually hired a CEO and I hired the two devs from Kyber. Later
on, we made Pendle, but they made this app. It's called Pick.one. And the idea is that you get
shown three girls and then you bet on which one the crowd thinks is the hottest so these rounds happen every uh like two minutes
uh and so you could bet on a b or c uh but it's kind of like a game theory to it where you could like bet more and it's like whichever one got the most eath bet on it would win and the other two
would pay the one that won gotcha interesting like flutter's in our Discord. Like, all the, like, Cartog guys are in our Discord. It's pretty funny.
And then Hedgehog, in 2021, like, he wanted to launch it, like, again, but on Solana.
But then it was, like, Pico Top, and then we didn't end up launching it.
Because that game actually becomes, like, a FOMO 3D-style game.
Because, like, the games here, here come in and you bet on A.
If we form a group and we all mash A,
but then someone comes and bets
more and mashes B,
then B will the money from A.
So it abstracts or the girls don't
matter in the end. Yeah, at a certain point, it's like
just whale games.
It's just whale games, yeah. But they have to
guess which one you're going to do. You could
both whale A, and then whoever put b and c just lose to a but it gets really funky i honestly
think it's a cool game if you can get people to play it it's like a prisoner's dilemma type thing
kind of yeah it is it is um but i think we couldn't figure out how to stop with the whale
games and it just became not as fun about the girls so like it if you could figure out a way to like cap it that would be a good game um like have some real rating involved
i guess what you could do is instead of having live rounds or everyone seeing the same things
like each person playing could see um stuff just for them you You know what I mean? And then it just tracks it in the background.
So they get an ELO or something.
Yeah, that actually could be really cool training data too
because you could then have stylist stuff for girls.
You could be like, okay, if you wear this,
does your attraction in this increase?
What do people think of this, that?
You have some value.
You have some monetization.
We can actually reveal
the preferences reveal preferences yeah um i don't know thoughts on recent k-pop racist links
these honestly didn't seem that racist they were just singing the song as
as written right i i don't think they knew they were being racist um
I don't think they knew they were being racist.
What do you do if you're 5'6 in this market?
Interesting question.
Is that AVAX?
The leg extension thing, man.
Leg extension, I think, is the play.
At 5'6", it makes sense.
You could be 5'9".
Lucas and I will commercialize it and we'll offer it to you soon.
I think, honestly, 5'6"-5'10 is a gigaboost, I feel.
Yeah.
Realistically, there aren't that many girls taller than you when you're 5'10".
That's why I've seen 5'10 guys pretend to be
like six feet before yeah you can conceivably lie about that you can fraud that's like a little bit
like a platform shoe or some nonsense and then you're like oh i'm six feet um
i i had a boss in hong kong once who claimed he was six feet but he was like same height as me
and i'm five nine so i was just like, I was just like, this is,
this is really weird that you're claiming this because we can see that.
But I think he,
he had a haircut that like the hair went up a lot.
So he was like measuring the hair,
the Mohawk thing, like a, like the,
like the Hong Kong style where you put your hair up with this.
It's just your height.
Yeah. hong kong style where you put your hair up with this that's just your height um yeah i think if you wear like the platform shoes and you like spike the hair up and you say
like my head is here you're adding like six inches like three three on the bottom three
on the top you're six feet at that point he's hitting us with hype truther isms it's all about the face bro i i honestly
i honestly like it's clear that height does not actually matter as much as the internet says it
does like this is it's like body count and height clearly both don't really matter as much as anyone
has ever said on the internet i think the real truth meme of this is that the internet is real
life now though and people's like. And people's preferences are...
I think hype didn't come real because of online dating, right?
In the past, girls didn't like to pretend they care about hype,
but now they do because they think that it's what they're supposed to do.
And also, I think it's a way for them to mock guys and be like,
look, you don't actually qualify.
It's a good disqualifier.
So I think it's been memed into mattering right
there is also like a social effect where there's some girl out there who's afraid that if she
shows up to her friend circle with a man who's like five foot two they will all laugh at her
this girl obviously is not someone that you'd want to date but like uh she probably exists
right yeah it probably exists in larger numbers than you'd want to date, but like she probably exists, right?
It probably exists in larger numbers than you're giving credit for.
I mean, like the number one thing with height or like any like dating or like any like mate discriminator or whatever is ultimately like what story are you telling yourself and other people by being with this person?
And that's like very strongly informed by like like metacultural narratives and preferences.
Sure.
I kind of agree that it doesn't matter
as much as people say, but I think it does matter
quite a bit at the extremes.
If you're actually 5'2 or something,
that's a little different
than if you're slightly below average height.
Yeah.
I think 5'7 is...
It depends on what country you're into like if
you're five seven in holland you're pretty much fucked i think but if you're like like
cambodia like you're like you're mocking so depends where you are if you're mexico you're
in like venezuela yeah that's like a i guess you can just hit the height arb just learn
spanish and move to mexico yeah they're all like goblins down there
only matter before first date also true once you have the first day it's all about
makeup is the true evil not wrong not wrong but what how's makeup true evil what the it's like frauding right you're like frauding your looks yeah it's like it's like a casually
programmed in band of fraudulence that we've just decided to accept if you could distill
lies into a bottle of your makeup do you do you guys think of makeup while we're a catch on for
guys in the west because in kore, guys will wear makeup every day.
But in most of China now, I think in some places, they also wear makeup.
But not in Singapore.
But in Taiwan, I've seen guys wear makeup as well.
I think guys wearing makeup is like a mega end stage behavioral sync sociality condition.
It's like in sync, you said? Sorry, behavioral sync, as I meant to say. Yeah, behavioral sync uh sociality condition it's like in sync you said uh sorry behavioral sync as i
meant to say yeah behavioral sync i mean there is a point at which guys i'll just say like okay wait
if if the women are allowed to fraud so am i right yeah like men already do fraud they fraud about
their height they fraud with the wigs that are people are wearing what do you mean i think one
fourth of korean
guys have done plastic surgery now is this that i i think you you simply cannot say that men fraud
to the same degree that women fraud uh no it's certainly not height i think i mean if korea is
avant-garde then you're gonna actually just see lots of like male plastic surgery in the u.s which
i think you are already starting to see with noses um once they do noses they're gonna do
jaws and then they're gonna do like i like well i mean a few years ago i would have kind of agreed
frotting is like uh there's a difference in frotting between like me saying i am this height
and actually being a different height and like me wearing something that literally makes me appear
to be different like one one is just words, the other is an action.
No, I mean, like I've seen guys who wear like freaking one of those platform shoes
and then they take them off and they're like six inches shorter.
Like they wear platform shoes.
Yeah, but that's like women wear high heels a lot more than guys wear platform.
I'm going to actually just call you a disingenuous liar.
Yeah, it's like 99% of women that wear makeup compared to like a few edge cases that buy these like fake shoes.
It's not even comparable at all.
Lookism is real.
I hope you guys have ugly girlfriends.
I mean, there is the meme of like how guys say oh i prefer the girl to like
dress that like to wear natural like but then she's wearing tons of makeup and they just don't
realize it yeah i'm not i'm not one of those guys i prefer them to wear makeup for sure but uh
it's still frotting i'm i'm like an ungodly outlier towards this i've just berated every
single girl i've ever did because like girls are also used to this meme of like when a guy says like oh i don't like makeup they assume that it's
like the meme of guy who actually does like makeup but just doesn't notice it and then when you run
up on the guy that's actually like no like i can tell you're wearing tinted sunscreen or cc cream
or something take that shit off they're like bamboozled yeah i saw this crazy uh evil bio study the other day which was like
saying how a lot of the increase in height in asia over the last three generations is from
sexual selection actually where like literally only taller guys are able to procreate um because
it used to be thought that like human evolution uh happens over uh tens of thousands of years like that's
what you would be taught in biology like as a kid but like no it can cascade incredibly fast to be
told that it's like in two generations people are taller because only tall people can have kids like
it's pretty insane um so i feel like a lot of politically correct things are like
not as people don't care anymore you can just publish things out
people can't control their height well you can just i mean leg lengthening is is one way
also you can do stretches right like when you're in your teens you can do these stretches that
make you taller i think um you can also like do growth hormone if you're young and your plates are still
open yeah yeah you can hang from where my mom should just tell you to drink milk when you're
younger yeah actually for me it's funny because my cousin's in beijing so one is six six and one
is six four and then so my mom always thought i'd be pretty tall and then i was like i was my height when i was 14 and i just stopped growing in high school and then so my mom always thought i'd be pretty tall and then i was like i was my height when i
was 14 and i just stopped growing in high school and then so my mom would always get mad at me and
she'd be like you didn't sleep enough you played too many video games or you're like blah blah
it was quite uh it's quite brutal that she was like mocking me there's like a there's a huge
like height distribution between like northern and southern chinese people right yeah yeah so like
northern chinese are pretty tall usually like my cousins in beijing they all play basketball and they're like super
tall um and then you go to shanghai and everyone's like definitely smaller than i think well like
basically they're not even that tall like the tallest are the ones like with the manchu the
mongol blood because they're just like like six six all the
time like but i think but you'll never see them outside of china because they they never have to
go anywhere like there's all these types of gigabase i knew this guy who spent like his
whole life shilling me on uh the manchu people and like their diet and culture and that was one
of the only places that i know i visited when i went to china for the the
corpo business trips and like uh they were actually like they were actually like a giga chad people
the manchu they just drink a lot it's super cold i mean it's pretty much it
they have so much cool shellfish probably makeup adds 10 years to your looks
honestly dude the the way that the majority of women apply makeup it does genuinely just age
them like an instant five years like this is like not even like a makeup bear because like oh it's
like usually women find a way to make themselves look worse because they're optimizing for like pictures.
Because they're like, ah, fuck, I look bad in pictures without it.
But now they put it on and you just look so old in person.
And then the hope is that if you're older than that, like if you're older than that ceiling, then it'll like de-age you.
Yeah. like if you're older than that ceiling then it'll like de-age you yeah oh another ox idea you could do right now is so i think there's a chinese company that's
that's making knockoffs of meta's uh glasses and open sourcing it so so you could basically
sell the same glasses but add crypto on it i've been thinking like there could be a cool stuff
you can do there with like ar where if it was like a why would i want to see i don't know like maybe maybe you're walking
around you can like rate people so you can tell people like oh like you know actually your makeup
that doesn't look that good or actually this that you don't have to tell them god uh like a rating
protocol or you could like
signal interest like because everyone's autistic now so you can signal interest and they can signal
on their thing and then they don't have to talk like oh they're both interested it's like an
autistic way of like doing it but you have to wear the glasses is the problem the glasses are
already going to kill to kill everything so Let me find the link for it.
I feel like smart glasses like smart sunglasses smart sunglasses
d-pin i guess not that much sun in most places i think we have to stop calling it d-pin i think
anytime we call it d-pin we decrease the tam by like at least 50 million dollars
yeah like honestly it's better if you call it a wearable and that's already like
yeah so there's this uh startup called ro kid they basically put deep seek like ai models
into the smart glasses um Like it comes with it.
I don't know.
There's some cool stuff you can do with crypto and that I feel like.
Like I think it was hypothesized that you could take control over a person and
ask them to go a certain place.
Like you could have a network of these guys so you could like lock into their
view basically.
Yeah. I mean, if you had like everyone wearing wearing the glasses you could probably do some really cool stuff if you were meta and you have like access to first person
views of like everybody yeah pretty crazy well i mean here you could do it with crypto you you
could like sell sell these for very cheap and then they just like walk to earn they walk around the
city to earn now you have all this data you can figure out what to do with it later but if you have like
a thousand people with these glasses walking around cities like it's actually really valuable
in my opinion because you have like first hand like like you're basically like like like wires
tapping like thousands of people you're like voluntarily wiretapping thousands of people. Mm-hmm. You're like voluntarily wiretapping thousands of people.
I mean, the-
What about like a-
What about like a loop, but like tokenized?
You know how they have like now the vaping, vape to earn?
What about like fitness to earn?
Fitness to earn?
Yeah.
Yeah.
Like health max to earn.
The problem is where the fuck do I get the revenue like where am i paying
these people from for for fitness to earn you have to get from the government the government might
and that's the thing it's like you literally and then it's like what is the point of crypto right
like why why do i not just become a government like uh like why do i not become an ngo or something
i mean you could do it because you freaking buy a Whoop.
And then, like, I mean, I bought a Whoop.
And then I didn't realize that, like,
to even use the program that comes with it,
like, the yearly subscription model is, like, what, 300 bucks?
So, like, use the features on the Whoop app
when you already paid, like, 600 bucks for your Whoop?
Yeah, it's a scam.
And I was like, what? So we should just scam people lucas that's what no it's it's all scams it's like the aura also scam uh now fucking the google shit they all bought fitbit they also
make you pay every month also you were just shilling me aura though no i know it's the
least stream brought to you by aura because it has the highest ratio of working to scamming but like there is none of these products you can buy that isn't a
scam like they're all a scam i was honestly shocked i was like wait they give you like the first year
free and then they're like okay after one year then you have to pay like 250 bucks every year
and then you get hit with the charge good luck fucking charging it back by the way and when you try they'll hit you with a retention offer they'll
say like oh we'll give you 10 off this is probably this is actually makes me more bullish on apple
because they don't do that like they have the ability to just do it for free because they
already make money off other stuff
i don't know i still pay quite a bit for icloud storage well not a bit but oh that's just like a skill issue yeah the icloud storage grift is pretty good.
It's not really like that much, is it?
I don't know.
No, no, it's not.
It's not.
It's like 10 bucks.
It's just like it's slightly higher than it would be to migrate your storage to another cloud server. Like they do a really good cost benefit analysis of the lock-in scam.
Yeah, it's like once you enter the Apple ecosystem with like your laptop, your iPad, your phone,
it's like very hard and difficult to like exit out of it.
Like they trap you in it.
Yeah, I definitely got sucked into it.
I definitely got sucked into it.
But it's like actually good.
But it's like actually good.
If I was ever to like convert to like an Android phone or something,
I'll be like, no, I can't do this.
Because now I have to migrate everything and it takes forever.
Whereas like you do it with Apple and it's like instantaneous almost.
Like 15 minutes by the way.
Someone's saying this stream is really helping them as an in-sell and ETH holder.
It's good to hear.
You're still early to sell your ETH by the way.
Still early. Always early.
What's the best country to AFK through the bear market?
Sharehouse outside Tokyo, Taipei, Bali.
Definitely Bali for bear market, it's really cheap.
Taipei if you want to grind, good city to grind in. Cause it's like, there's not too many distractions
but it's still like really nice.
Vietnam, Vietnam is like-
Vietnam is getting up there.
It's getting cool, yeah.
I mean, you can, it's a bit like Bangkok now,
but you should definitely just ride a scooter around Vietnam as well.
Vietnam, I find people choose Vietnam because they like Vietnamese girls.
That's usually the reason that they would do it.
Yeah.
And then Thailand, you know, it's just Thailand.
I'm like a Thailand turbo bear, man.
Really? I love Thailand. What are you talking about? You're fucking it's just Thailand. I'm like a Thailand turbo bear, man. Like, really?
I love Thailand.
What are you talking about?
You're fucking bearish on Thailand.
Look, look at the damage that the earthquake did to my condo.
Fuck.
Wait.
Freaking cracks.
How do I enable her?
How do I make her screen thing bigger?
Yeah, it's like very tiny.
Wait, wait, wait. Let me show you guys outside.
Okay, we made her big.
All right, one sec. One sec, guys.
Give me a tour.
She froze it right when we made her big.
Has anyone done an off screen thing?
Let me give you a tour. My condo.
We'll be the first. We're puttinging OXX into it as we speak.
People have told us that our exchange sucks.
Our users have told us that our exchange sucks, so we're pivoting it. Thanks for the feedback, guys.
Message heard. Promise delivered.
Message received.
Message received. Promise is made. Promise is kept.
Message received. Message received. Promise is made. Promise is kept.
Message received.
Nice dice and vacuum.
Yeah, the same one.
I think.
Okay, now you can take me off the big screen.
You're here forever there's probably a way i can zoom in on just her face too even more zooming
please don't
we could do like a makeup critique on stream.
Oh, I'm not wearing any makeup though.
Lucas, is that true?
I made her small again.
Nobody knows.
I feel like really good content would be like Lucas going through like online dating apps, like live streaming it and like coaching insults.
The thing is, in many cases cases people are uncoachable
that's fine though it's still like aspiration infinite infinite sales coming yeah content
you could um that's what i was thinking like the glasses could be used for yeah to unretard people yeah
it's a good place to visit in taipei going there to play poker in two weeks
um i mean you can stay in cmi area you can stay in down both are reasonable and then
you can visit the some of the museums are. You can go to mountains and hike around.
It depends what you like to do.
Poker.
Is there a WPT tournament?
Is that where you're going?
Waiting for my based Ox girlfriend.
Yeah, I mean, that's the dream, right?
Like, imagine the Vox Fund.
Instead of liquidating users and
allegedly dumping on them as our users say we just gave you girlfriends instead um i think the tm that
we hire so i don't understand how they're uh i don't know i i don't really understand the dumping criticisms here, personally.
Yeah, I don't know.
All my ops is staked in OLP.
Definitely not. I mean, it's like we're actually...
MCAP is honestly insane.
Because you can just
put in OLP and you can roughly track
inflation.
I mean, the thing that's confusing to me is like we're literally giving
platform users a bunch of ox and being accused so it's like in i guess you could call all like
airdrops a dump in some capacity if you're using this but it's like I don't know it's rough.
You know what it is what it is. It is what it is. E aí so do you think it's over forever
i think it's the last cycle in many ways um for VC alts in like the classical way. So I think
the business models that work now, you have to be like revenue slash like getting real
mainstream adoption. Like you can't just say you're going to get it. No one will value it
based on the future, I think. And I think infra is toast for sure sure so it's actually a really good time
to do like random stuff I think
like if you think about
PumpFun they pivoted from NFT
PumpFun so I feel like
you need to do like these
like side pivots that are
like you can imagine a huge TAM for
because the thing with crypto natives is that
they always end up
building the thing that like they know a native will use so they build for like a thousand people
um like arguably oxline is a product built for like 3 000 people basically right
like you already own meme coins you know how to use wallets you like
you know deposit it you know how to trade perps it's like max like five ten thousand people um
so you need to build for like you know you know fifty thousands of five hundred thousand people i
think um just has to be consumer focused i think going forward okay so btTC is going down even further, guys. Just to be expected, I think.
Very nice.
I mean, when it broke 80 on the way down, it's just over.
Because on Friday, everyone's like, oh, my God, it's so strong.
Like, it's this.
But people forget, like, one dude, like, dumping, like, 10K Bitcoin is going to nuke it.
And then it's going to precipitate the gonna nuke it and then it's gonna precipitate the
other guys to solve so it's unfortunate but the game theory broke people got scared people need
money to sell theory yeah just like so tied up in macro now, which is scary.
Macro is very dangerous.
Gold is nuking.
Liquidity crunch.
Trump has casually created 08 in Great Depression-style price action.
Yeah, it's actually pretty crazy.
I would not have expected that at all, to be honest.
It's definitely over the line, I think,'s acceptable um but it's definitely tarnishes
like the uh the term if it ends up like as the worst financial performance in the markets
yeah he's doing some stuff that he can't unbreak it once he breaks it right like he can't unbreak
uh you know if you have six months of these kind of reciprocal tariffs lots of industries in
the us will go bankrupt on that so you know it he has to resolve those like otherwise those sectors
are screwed and then um like with china he can't really like i don't think china just like gives in
either so it's kind of this thing where ultimately uh it's a it's a chicken it's a
chicken game he's missing playing chicken game with the economy so
but i think at his age he wants to i think he wants to feel something that's my guess and
the people around him are probably just like max short the market so they're like let's bring it on fun so um all right i put a long in here guys wish me luck btc what are you doing
i can't believe
well it's possible i mean this i yeah this is not a bad place to punt along but it's like uh
you know where the stop loss is and it's approximately 50 below your entry right
yeah yeah it's like you are using a stop loss right yes you are using a stop loss right i have the stop loss at 76 685.
if gamble try at 73 to 74 yeah i think you can just wait i i think right now there's no need to
jump right in you have big breakdowns on alts
You have big breakdowns on alts.
It is kind of crazy to even think, like, what are alts going to do
if Bitcoin, like, cuts in half from here or whatever.
They're already down so bad.
I think, honestly, alts are already pre-cooked in many ways.
Like, I don't think they can go down that much after a certain point.
I don't know.
Like, XRP breaking... I mean, XRP, okay. much after a certain point uh i don't know like xrp breaking i mean okay it's like that crypto
like truism where it's like it can always go down another 90 percent yeah like no one needs this
no one needs sweet right so you're you're you're you're hoping for a narrative of a
of an l1 that is a better Solana.
So if no one wants Solana, then no one wants the better Solana either.
So a lot of it is reflexive in that way.
Yeah, it's a good point from June Ed.
The money's made coming out of the crisis, not in the crisis when the market is trading
against positioning. So I definitely agree with that. You kind of just want to wait and let the
market go to extremes. There will be obvious moments to do something. Does the ETH dump count
as an obvious moment? I don't think it's that obvious because like it's it's
doing the triple top and then going to zero so like what is the chart that you base like what's
the thesis and what's the chart and then for bitcoin i think you know people have all these
like long bitcoin short alt positions on right now like the court office plays and so as alts nuke
that puts pressure on bitcoin to go down because they just cover their alt shorts and they sell bitcoin and they lock in the you know lock in the money right that
does drag bitcoin down as well like if you have an fbdc short on maybe you hold it maybe you start
profit taking and that also creates sell pressure on bitcoin so it's just like sell pressure coming
from everywhere um i mean really the only risk, like, headline risk of Trump coming out and being like, okay, never mind, we're not doing the tariffs or something.
Yeah, and he's already made it clear.
Unlikely.
He's made it clear that he's going to try to go for, like, at least a few weeks of this, see what happens.
I mean, he has an argument that a few weeks of this doesn't kill anyone.
No, yeah.
In a few months, you may actually just kill a bunch of stuff.
I don't think many people expected this when they were electing him.
But I think he just feels like his base is so strong.
He's probably done the polling.
He just thinks his base doesn't actually have that much money.
He's honestly like the Bernie Sanders.
If you're a real Democrat, you should honestly love Trump.
He's literally doing what AOC would do.
Right.
Wow, this is a good guy.
I didn't realize it was down this bad.
Yeah.
This is like a once in three decades type price action, Lucas, that we're living in right now.
You can live another 25 years and not see this kind of stock move.
Even though it doesn't seem like it on the chart, but it's a considered a very big move.
Well, we're still not at the level.
We still, yeah, we've still got to go down another...
What are these things?
Another 300 stock points.
And we'll be at the level.
Let's go straight to zero S&P.
I've seen some people calling for like 3K that are pretty good.
Like they're generally pretty directionally correct from my experience
whereas 3k is it like possible over like two years you go to 3k because you you've destroyed
something like yeah if the tariffs like stay in effect the whole time i mean trump has destroyed
confidence in american capital markets from international investors so your uh
investors so your
3k 2009 range yeah
3k is very low
I don't know about 3k but
3k you probably need Apple to go down like
60% more
it's possible
there's a way in which
as Apple goes down
people want to buy less apple phones as well
because it's less cool to have apple products so that was the thing with blackberry as blackberry
stock goes down people don't want to use blackberries anymore yeah hdc one that's interesting
i don't know apple could just just pivot fully into being a luxury good. Only one in 50 people can afford an iPhone.
AirPods are a terrible product, right?
Let's be honest. It always slips out of my pocket.
I actually like AirPods.
I think they're one of the few things Apple actually nailed.
I really like MacBooks.
I really like AirPods.
The pairing is not smooth. I don't know.
I hate them.
I think they just get mogged on the phone frontier by androids.
I think it's just brutal.
Yeah.
It is very brutal.
We did this to ourselves. This is actually like Kamala is just sitting there being like,
I told you guys.
Like Adam Cochran redemption arc.
Adam Cochran is just like he's getting like 2 000 likes on
any tweet he does right now he's like guys i told you trump you know trump is a fascist
the thing is like i don't really think anyone cares about fascism as much as like just asset prices yes i absolutely that's the way it
was like yeah i i think the first wave down people were like oh that's fine we can handle this and
then you get like three days like the the biggest like years and they're like wait like why did this
kind of sucks actually yeah yes please please put it back to where it was. And Trump's like, no, you already told me
you're with me. So he's taking everyone on a long march. He's almost like a Maoist,
if you really understand. If you think about manufacturing, the cultural revolution,
he's doing a cultural revolution, but instead of agriculture, it's manufacturing.
And then he's basically pushing everyone far further than they wanted to go and they're like let's just go i'm sure it'll be fine
did you get liquidated no pretty close cotton for workout clothing
i've never cotton
scary part is when politicians get pressure them and their followers will
harden on their decision yeah exactly like if he doubles if he goes against now
If he goes against now, it'll look weak versus China.
He needs to get some obstacle win versus China, but he can't really get it.
So it's not easy, right?
What if Trump tariffs is a profit motive revolution?
You mean like if they're just like giga short and then like nuking stocks on purpose?
That would be very like late Roman Empire type stuff.
Hope not. um hope not where's kyle is kyle part of ox kyle's always part of ox and he's always everywhere so
kyle's gonna call
that's just always the answer also
yeah it's just always the answer also it's kind of interesting how you have like soul sitting right at 100 almost and then hypes at
10 like both are like very even yeah numbers here it's gonna just gap down another nine
like like 10 10 yeah people are just bidding
the meme numbers yeah is v recovery even possible trump pivots he could pivot and then stocks don't
recover because you've broken confidence uh that's actually very possible i i agree with that
um because the thing is american stocks were also overpriced but because we all said american
exceptionalism american number one uh but they could just not buy them again like i think like
if you look at china tech stocks they were really valued similar to us ones until 2021 when there
was the tech crackdown on Alibaba and other companies.
And then the China stocks nuked like the tech stocks nuked like 70%. And it took a long time
for people to start buying back. Like there were a lot of Western funds who said never
investing in China again, like a scam. So you do have that risk of like once people divest,
they don't really come back in until like four years later.
Because the div yields are not high.
The P's are not low enough to jump right back
Kyle seems like he's on a great nomadic journey right now
looking on a great nomadic journey right now exploring global ice cream products yeah it could be
exploring global ice cream products.
Yeah, could be.
possible we see a run on stocks on heinzeng shanghai index
yeah i think china socks will move they're gonna do stimulus for sure
for sure you should give up on crypto become an electrician definitely should become an electrician it's a
great job doing real work pivot to welding okay we're gonna have to bring manufacturing back at
some point right yeah who here wants to do it chris how do you feel about manufacturing
what are you building chris name the top seven things you're building right now. AI boyfriend.
Why don't you just build a real boyfriend?
Because the AI boyfriend will always listen to me.
That's also not true. AI bullshit frequently hallucinates.
It might listen to something,
but it might not be what you said.
It might listen to a completely different thing.
I think I do some pretty good prompts.
You do some pretty good what?
Prompts.
Prompts.
For my AI boyfriend. Hmm. What is the point of prompting an AI boyfriend.
Hmm.
Like, what is the point of prompting an AI boyfriend well if it is living on a phone?
For the sensation of control. I need to, like, excrete my Dommie Mommy energy somewhere.
You know?
Okay, Pris, what is your dating criteria?
We're pivoting.
We're pivoting to like, okay, we, we, we're, if we're going to do this matchmaking thing,
we have to at least be able to match with Pris, right?
We're down 10 billion.
Dating criteria. we're down 10 billion this is the product dating criteria are you still racist
over 5'8
yeah I'm still racist
has to be Asian
has to be Asian unfortunately
over 5'8".
I don't ask for hype.
How is this fun?
No comment.
That was a very targeted nuke
towards
one specific.
Lucas, we're bringing back the european competition right yeah yeah yeah
they can join us around up all the girls well the thing is all four of the e-girls now because all
of the other e-girls have left crypto markets because they've gone down so much they're cringe
all four of the e-girls trading against each other will be Chris wearing different wigs
I am the e-girl no I'm too old to be an e-girl I'm an e-woman is Chris interested in an under
5'8 and sell e-coder Yes. My standards are very low right now.
So, yeah.
Do your standards correlate to the price of cryptocurrency assets in any way?
Yeah.
Precisely.
Yeah.
Okay.
So, keep in mind, if you date her, you must repress all markets.
forever you must become a macro bear
You must become a macro bear.
they're saying do foids trade better in a bear market priss what do you do you trade
better or worse as coins go down as coins go down i trade a lot worse
definitely why and how do you think this is just a fundamental part of woman
theory women are like a horrible top signal so of course they would under
um I mean like definitely in a bear market my mental is like we're so over and then i look for
the next big thing that gives me like endorphins and dopamine and i'm like huh getting a boyfriend
would solve that problem and then you latch on to the first available thing to you this is so funny
so when the market goes down guys start lifting and like getting six pats and girls start getting boyfriends.
Yeah. Yeah.
Do you have a desire to dye your hair right now?
Yes, I do.
I literally made an Instagram story and I was like, like literally last night i made an instagram story and the caption was
the feminine urge to chop all my hair off at every minor inconvenience
you're gonna do like uh you're gonna do like the gamer streamer cut where you like shave
half your shit off whoa look at the no no, no. You can see the focal plane changing on my camera as I,
whole, it's crazy.
The last time I was fucking down bed was after like COVID
and like I was really down bed in 2020.
And then I dyed my hair pink and purple.
Do you have like a desire to like stray away
from colors you've already done?
Like if you're like, you break up with a guy and then you dye your hair purple
and then you break up with the next guy or you're like we can't do purple again.
Like look where that led up.
Like you have to do like red.
Definitely not.
I don't give a fuck.
But yeah.
Because I always thought that's what it was.
I thought it was like a desire to get away
from like uh environments that have like proven themselves to not work like i knew this girl who
uh she dated a bunch of people in our dorm building but every time she would break up
she would move to like the same room but like a different floor like she would be on like floor
nine to like 11 to like three. And I didn't
understand. Like at the time I thought she was a retard. I was like, this can't be changing anything.
But like, I think for her, it was enough of a change that it like meaningfully, she was like,
okay, I'm in a different environment now. And so it works.
i also dated this girl by the way she moved to floor 8 you dated this girl
yeah moving in with a girl who lives on your dorm floor is one of the dumber things you
can do as like an 18 year old boy i feel like the moment that b BTC hits like 60K again is a moment that I definitely get a
boyfriend and say yes to whoever confesses to me first. This is just pure, this is just pure
void compliment fishing on this. It's actually really, it's actually really viewers this i'm gritting my teeth it's actually extremely funny
like when the it's funny that like uh when the markets go up men are like oh we're all
gonna get girlfriends but then when the market goes down that's when women are like looking
for a boyfriend it's like complete inverse
everything is asynchronous and like everything is mistimed our cycles aren't synced up like it was supposed to be a super cycle but can two super cycles synchronize with each other that is the
real question you know just bear markets get you feeling the type of way you know like like it's
like it's like when everybody is single during summer because it's like the weather is out like the weather is nice everybody's out like everyone's
having their summer flings but as soon as like winter is rolling around everyone is like yes
it's time to start getting a partner in the fall so i can like stay indoors and like cuddle with
my other half you know i would say honestly for like the security of relationships the big
buys here are going to be an electric space heater um probably probably also an electric
kettle it's good to have like this is something that asia mogs at uh they just have electric
kettles everywhere so you always have boiling water for tea so i think get one of those women
love tea like if you give women tea it solves lots of problems you wouldn't otherwise expect it to.
Don't drink as much of it yourself.
I think probably the plastics in the tea bags go straight into your balls.
After a while, you won't be able to get it up anymore.
Yeah, mine are like solid.
Yeah, you want like the space heater.
Maybe like, honestly, like you might want to go like fleece blankets um
this is also probably why i'm super bearish on dating in like in bangkok or like southeast
asia in general because there is no cold weather for you to justify yeah i'm gonna need like a
cuddle buddy for this like specific like season because it's just a cuddle buddy what do you mean you should be doing you should be
doing jana jana meditation number four which produces a thermic reaction from your soul
warming yourself you don't need people for this this is also the problem with women too is like uh they try and take your heat
they try and take you then you find you find the one who's actually compatible with you and you
realize that she has uh she has a very thermic metabolism herself but now you you like sleeping
together is hard because both of you are just making so much heat all the time it's like get the fuck away from me yeah this is so funny women need men more at bad times like we've created hard times by nuking
the markets on the point this will increase birth rates yes yeah the birth rates i mean this was
always this was always the meme right like Zero HP was totally right about this.
People would say, like, how do we increase the birth rate zero?
And he would be like...
Just take all women's money.
Yeah, just make everyone impoverished, right?
We know how to increase the birth rates.
If everyone's impoverished, they're all going to be fucking.
Alt season.
Alt season.
Bitcoin ranging, alt season all season bitcoin ranging alt season inbound everything is arranged if you uh just set the levels right
i don't quite understand this one they're saying that trump is doing semen retention
so he's nuking the markets on us that would be kind of like that's why i'm not scared i guess
i feel like um Trump is definitely...
I don't know.
You know what they say about not nutting?
That you're saving your chi inside?
Your Vril.
It's pronounced Vril.
Yeah, we're Aryans now.
He's absolutely doing mog shit because he's just doing, like, not, doing, like, no nut April.
Yeah, that would actually make sense.
Like, he's just, like, I'm not, I don't give a fuck about any of my advisors.
Like, I do not give a fuck about customer feedback.
Like, I know, I know what I'm going to do and everyone else can eat shit.
What?
Is Trump 80?
No way. what is 80 no way no trump is old as fuck but the thing is also that trump clearly is some sort of
weird freak human that can metabolize like mcdonald's into life force right like i think
he's a trump trump disproves almost all of like modern like bioenergetic diet theory theory if you just like are delusional enough you can eat anything yeah it's like the placebo
feels like the seed oils can't hurt you if you don't know they hurt you
same with the microplastics in your balls yeah hopefully i don know. I'm starting to know too much about the microplastics in my balls.
I'm getting worried. I can hear their voices.
There's like no way to get rid of it either, right?
I mean, there's always a way, right?
At some point, someone will have a fungus that can break down the microplastics in my balls.
Yeah, that's always a good cope.
Like at some point, they'll be able to fix this,
so it just doesn't matter.
I don't know if it's going to be soon enough. Like I might still
be cooked, right?
I might still be
cooked.
But I don't want to be i'll say maybe if the markets new birth rates will go up who knows no they will like they objectively
will it's like it's unquestionable that if the markets nuke the birds rates will go up
like i have almost never been more confident about anything in my life
yeah people would just smash out of anger you know and sadness
i'm'm doing nothing.
I'm weirdly excited about the prospect.
He's super bullish now.
Bullish on the market.
So I can finally have a girlfriend i mean how long how long have we been waiting for something to happen right and you can't you can't
you know we've been sitting here posting for eight years about you know i want something to happen
and and now you're like oh no like i didn't mean that the thing to happen was going to be like all
markets exploding i'm'm ready you're like
y'all globalization is so bad okay well what if we destroyed all global trade and markets forever
right like you what more can you ask for
it is just like poor timing because uh spent so much time specking into that the dollar was going to blow up the other way with like hyperinflation of assets that now it's just we can still get hyperinflation
like why did i even like trump can do anything like what was the point of even getting rich
if like no now we hyperinflate it now you get to see if you can beat inflation with the assets
you've invested in.
Like now is hard mode.
Yeah.
Like you've been investing for years.
There is something to that.
Now you get to test your mettle against the infinite money printers, right?
You either invest in assets that go up infinitely or you get inflated to zero on everything you hold forever.
I hope you locked in your mortgages.
I hope you have fixed rate mortgages.
See what the ether price is.
That's one thing that's just like dripping downwards.
Like it's not even like bouncing and then like it's just dripping.
Like it's dripping straight off.
I shouldn't be euphoric about this.
I'm losing enormous amounts of money watching you go to zero.
You always say that, but then you're also like, I'm net short.
I'm net short each.
Well, I am, but now I actually don't know if I am still net short at this point because I have been closing.
Your complicated hedging strategy.
No, I've just been closing because I was like
I thought $2,000 was going to be a range
and then I thought $1,800 was going to be a range.
So I am actually
just exposed to Ether now.
That's terrifying.
Yeah.
It's okay.
You'll be fine.
You can never really be back if it's not over
at some point, right?
I kind of enjoy the hard
mode also.
It's more satisfying when other people are losing.
There's a lot of goals we've built up.
Now we're in giga hard mode, I think.
This is like...
Ultra nightmare difficulty?
At this point, I'm not even really sure that I want to be exposed to the dollar either.
That's the one that's kind of...
No, that's the thing.
Yeah.
Do I actually want to be in dollars or should i be in like korean or not korean chinese yen or something or like no no just
hold dollars japanese yen japanese yen swiss franc
I saw the Australian currency was nuking for some reason off this.
euros
It's a commodity currency. So commodity is nuking. Copper is nuking. Oil is nuking.
Oh yeah, that makes sense.
Shakels. Shakel doesn't really move that much, right?
I guess there's always just gold. That seems pretty obvious.
Now this guy has a girlfriend. He's gone from being an insult to having an OnlyFans girlfriend
in like 3 streams.
The super cycle arc.
The insult tech is actually working.
I'm off to lunch.
I'm meeting.
All right.
See you.
Bye.
See you, Chris.
Bye-bye.
We're proving our product.
We should design an AI boyfriend.
Yeah, we should design an AI boyfriend and Yeah, we should design an AI boyfriend
and see if we can get it to seduce Pris when she's gone.
Just to like do like that,
like that can be the PMF test.
It's like, can we capture Pris?
I'm already building it
perfect that's like one of those technologies that's going to like uh
just rape humanity though i thought that was the opposite of what you wanted
we just won't release it we'll keep our working model of the $10 billion product.
And then all of us can agree that we must never release it.
And it will be like a prisoner's dilemma where you either can ruin the world and make $10 billion or stay friends with all of us.
You have to weigh the consequences.
Well, you need AI before you have a Butlerian jihad.
What if it's like COVID?
It's like the COVID virus and it breaks containment.
And then it's just over.
Well, then we get like 10,000 years of total poverty and then we kill all the robots.
The AI boyfriend becomes too powerful. seduces the entire world the human race goes to zero
no reproduction anymore it's like the uh the 80 20 meme graph for the incels except for it's like
100 zero because of the ai would women allow this to happen that's the big question
why wouldn't they yeah they might not even know they might not even be aware that it's happening Would women allow this to happen? That's the big question.
Why wouldn't they?
Yeah, they might not even know.
They might not even be aware that it's happening.
I think they would be more elated if they did know.
I think they would be more bullish.
The Enzo theory is that this has already happened.
Like they're just dating the chatbots or there's like some escaped ai already no the women's like uh ever since like the advent of like celebrity culture back in like the in the like kind of
earlier 20th century uh women have more or less already completely shifted their sexuality to be
like completely parasocial so like there's kind of
no like meaningful difference uh between just like parasocial celebrity culture and like ai boyfriends
it's like think about what you as like a guy do and like an ecosystem of ai boyfriends right
like the picture actually looks very very similar to the ecosystem in which all the
women are like orienting their, uh, their standards and their, uh, yeah, just their
standards, say precise along the, along the axes of like celebrities.
Hmm.
How much do we think like, uh uh celebrity status actually matters towards uh
the net value of someone and how much do we think that that value changes like very
value like the uh the value as a partner
like in terms of like women's perceived value of that person as a partner based on celebrity status?
Yes.
Oh, hugely.
I think there's a...
And how much do you think that varies?
Like how many, what do you think the tails, what are the long tails look like in that one?
I'm not really sure what the tails look like exactly.
But I think that, I mean, people have already started talking about this in terms of online relations and online status arbitrage and everything.
The whole meme is you need to be an internet micro-celebrity in order to get a girlfriend or something like that.
and um i think that's uh i don't know i think it's kind of true actually
And I think that's, I don't know, I think it's kind of true, actually.
it certainly follows from my theory because again it's like the question is like what does
like a guy do in like the world of like uh of like parasocial like parasocially obsessed women
it's like he kind of just like tries to mirror like all the parasocial symbols that the women
are obsessed with and uh ultimately the way that you do this effectively is by creating like your
own niches in,
in which you can be like a parasocial like micro celebrity.
Hence like all these little like influence cults and niche online scenes.
There's another inverse like correlation here between men and women where
men actually like it's a negative if they're a micro celebrity like the woman you know what i
mean like yeah like it's like the meme about the low follower e-girl like that's like seen as
desirable you're like good luck uh messaging a girl with 20 000 followers
and people yeah there is definitely like a weird effect of uh i mean you can still find a bunch of
people saying this but you can find a bunch of girls like saying the inverse of basically any
male talking point uh just because that's what they do i mean what women say against the rhetoric
but like yeah like women women will say it but then. But like, yeah, like women, women will say it,
but then it's like demonstrably
like that is not like
carried out as a preference.
Yeah.
What women say
is neither here nor there.
It's like they're always,
they're always responding
polemically to something.
Like there's oftentimes
when what they say
they don't even believe.
Like you have to like figure out
like what's like the underlying
like meta being played here.
And I'm not implying
that they're like
genius maneuvers themselves. Like they're not really aware of these things kind
of just do them yeah so they're they're they're uh blessed their strength and their curse
like uh like priss talking about um men like flooding as much as women with like platform shoes it's like she doesn't believe
that i'm sorry like she doesn't she doesn't think it's comparable it just occurred it just occurred
to her it just it just immediately occurred to her in that moment that that's how she had to like
push back it's like the the meme where they argue like um like a general trend because there's one exception.
That was pretty much like exactly
what happened there.
I'm still like 50-50 on whether she was joking at all.
I assumed the joking.
She seemed pretty serious.
It vindicates my worldview more if i assume she's completely serious
i do think it does eventually trend towards that though like uh i mean i think enough guys will
just say like well there's no reason for me to not do the scams like if they're allowed to do
the scams i can do the scams yeah well the the thing is like this is what i meant like by like end uh like end phase behavioral sync behavior for men it's like
yeah it's it's like at the point where you're like okay this is a fucked enough situation that i need
to start scamming myself um probably like you're seeing sufficient breakdown that like they're
going to be right like they're going to be running scams for
a very very limited time before like basically everything completely breaks down and there's a
no reason to scam anymore basically like that's like my theory yeah i kind of think that if like
everything continued on the same trajectory that it was on and trump didn't win for example and we
weren't reverting really hard the other direction. We would probably be seeing more of that right now.
But maybe this is sort of push that back further.
I mean, I'm like mega bearish on like American social life.
I think it's basically completely dead.
It's why I have my angle on like the prospective dating app, the angle that I do.
It's like branding along the lines of an explicit dating app
or an explicit matchmaker romantically and everything.
People, I don't even think that excites people anymore.
People are tired of that kind of product.
I think that people are cynical about it.
But conditions are so fucked in this country
and arguably elsewhere as well, I think.
But my best metric here is just america like
like the social conditions in america are so fucked that what actually gets people excited
is the prospect of like a thing that will tell them like hey like show up here at like 1 p.m
and there will be like five other people that like i the ai like genie has decided that you're
probably gonna have a good time with show up if you want.
The problem that I foresee with that is like,
we're still in the stage where people like in order to recognize that you
don't actually have friends that you have that much in common with,
you have to have met friends that you do have more in common with,
which usually only happens to people when they like,
I think frequently now it happens when they log on and find people that are
like, they're like, Oh wait,
like I get along much better with this person than like the people I know in real life.
And then on a long enough time horizon, these people tend to just like live around these people and their real life becomes like a what their online life was in some capacity.
It can happen through just like meeting a ton of people in person to like sales guys typically wind up meeting a bunch of other guys to get along with really well just because they're exposed to like
thousands of people uh and so they usually have pretty fun like uh good friends uh
but like if somebody doesn't know necessarily like there are many people i guess who think
that they have good social circles but
they're just people that they don't get along with that well and they hang out with a lot and
they're like no like getting i don't need to find friends i'm not a loser who has no friends
but like if you actually analyze the situation it's like well you actually don't have that great
of friends uh like the number of people who you could like uh press with your life is like very small um so convincing those people that they're wrong
without showing them immediately somehow is very hard well why would you have to show them that
they're wrong i mean you're giving them a pretext basically and like and like regardless of their
their like explicit feeling or their their their explicit like styling on their on their social life i think that it's an
easy enough pretext to basically just like have fun with right like what underlies like people
utilizing this pretext is like a lot of desperation as i think we're both pointing out but uh like the
strength of it is that it's an easy thing to just like do it's like oh this is just like what i'm
doing today right i think there is also just
enough people that are self-aware that they don't have any friends yeah it's also that's a mainstream
not that they're losers necessarily but like uh i think it's more common now yeah yeah it's a very
mainstream notion i mean like uh it's definitely trending up in the same way that like uh it was like an incel thing to say like oh like i don't have a girlfriend i don't have a like
a good perspective outlook on the dating market right uh and then it became like
much more common now like it's like a common zoomer sentiment uh and i i think probably
the friend version will go that way in time
just don't know that it's there now i think it's getting there i think uh yeah i i i frankly do
think it's there now but like even if it isn't like it'll be it'll basically get there the
instant you give someone a pretext to like resolve this issue within their life like people will just
go like uh yeah like i realize like i actually was like in hell and was lonely and so forth uh but now i'm not because like this
thing has saved my life or something like that i like i said i i do also think that it's like
i i think this also like actually saves the american economy long term uh because when you
find groups of guys who like get along along like actual like compatible levels, like every good friend group I have has eventually just started forming businesses relentlessly.
Right.
Like they go from hanging out at a bar all the time to like getting like shop equipment or like starting coding or something.
Right.
And like on a long enough time scale that just has to lead to better, like a better economic growth than hanging out at bars.
Yeah.
It'll make the economy real again.
It's like very much to how the incinerator was birthed.
Really?
Like just from a friend group.
Yeah.
That's cool.
Yeah.
It's literally everything.
Like literally every single like startup that i know is just like uh
it's very rare that you have like guy who has no friends and he just like independently is like i
have this brilliant idea and i'm going it's usually like a group of guys that are dicking around and
at some point and dicking around they come up with like an idea while they're just like shooting the
shit uh maybe on like a live stream or something. And then they ship something.
And then they keep shipping until eventually something works.
So you're saying we got to build this thing to save America?
We have to save America by making people have friends. That's our mission now.
I think like actually a friend app is probably more doable than a dating app.
People are probably
less jaded about that.
I just have a super strong conviction
that people are way too jaded about
dating apps right now.
I think generally if you give people
a friend network, then they'll be able
to get a girlfriend
through that usually.
I think it goes the other way also
like it fixes the other problem yeah exactly that's that's that's my whole case for this it's
it's like you you uh you can like grow one thing into another it's like even uh like even like
we're kind of like looking at it to either or even if you're thinking about like oh like it was
like relationships will form organically out of this thing like that's still too either or in the sense that like at some point like this is a natural enough like ecosystem to
actually just eventually introduce like an explicit like matchmaker functionality to it right
I mean, it is also the case at this point that I think it's really rough being in a relationship
with someone who has like no good friends. Like this is probably like the easiest key indicator
I've noticed. And like whether a girl will be like a good long-term partner or not is like,
does she actually have good friends? And like, are her friends actually people that are like
similar to her? And if they're not, it's usually just cooked from the set out. Like there's some
people who basically have simplified the sound or just like, Oh, she must not have friends.
Like they only date people who don't have friends because the average female friend air quotes
in America is so like destructive to things that they're just like, you just have to get
rid of it all. Right. But like, there are actually like good friends that one can have uh it's just that it's
so rare that many people haven't even encountered this in the wild uh and someone they date
okay maybe that's it maybe we were retarded all along forever thinking of dating anything
it should just be friends i'm vindicated i said that at the beginning of the stream
yeah enzo was right yeah enzo's usually right whenever uh whenever him and i have some sort
of like a uh like a cultural thing uh it just takes me like another
uh somewhere between 30 minutes to uh 600 hours of ruminating i'm like a weird cyborg person and
i can't like uh i don't really put the feeling into it i think because usually when people make
cultural prescriptions they uh they kind of say it with a degree of panache and intensity i'm too i'm very clinical about it
i don't like i think that i think the problem is uh the way that i handle everything is by like
thinking through like i just iterate through like a bunch of like imagined simulations of like people
that i know doing xyz and you usually just make like a systemic prescription for the whole thing
prescription for the whole thing which like encapsulates all of that much more quickly
which like encapsulates all of that much more quickly
sorry you said i do that yeah yeah yeah i
you've said that a few times about me now over the like last few months and like i'm starting to like
get a feel for it it's one of those things i've just done all my life i think i didn't realize
it's hard to like i hard to realize how you think if
you don't realize it's different than other people.
Yeah.
Yeah, I think Enzo is like the single
person in my life who most consistently
has constructed
some sort of a systems-based
view. And often's the problem is
that like uh when you're trying to refute something that i'm thinking of uh like my thought being
composed of like a bunch of individual anecdotes will inherently have like a lot of outliers or
examples of something breaking the rule uh and it takes a while to like debunk those because you have
to actually see the debunking play out yeah exactly it's it helps to like think about like why does that debunk the rule it's like the except like uh like solving
through like actual like like actual exceptions and like misapplications and then like exceptions
that prove the rule like that's like that's like a very uh important piece of like actually like
proving like any kind of like system view or just yeah and then you also have to make the
distinction between like is this the exception that proves the rule or does this exception
break the rule because there are ways where it can go uh the other way so yeah like i think
we've seen a few of those i'm really really really excited for market open tomorrow
you think it's just going to be a bloodbath i think it's
going to be diabolical okay shorting everything yeah i i bought a lot of uh like short etfs
because i don't i frankly don't want to with puts and uh i also bought even more volatility
why don't you want to with puts i i just don't trust my timing
honestly like in theory it's like it should be kind of brainless but um
i've never played around with options at all so i'm just like uh this is another one of those
things that i'm just like borderline fraudulent in all opinions that i have
on there's just like because because it's it's inherently like really short term it's like okay
like what the is going to happen like a week from now like what's trump going to do what's the tariff
situation going to be a week from now right so it's like okay well like that therefore kind of constricts like your prediction time frame
to about that right it's like about to a week right um especially considering that's like the
earliest like the the the soonest you can like call an option to like by uh like be like within
that for uh the the friday of that trading week right so like you're inherently buying insanely short-term options contracts
like like like uh like puts like especially puts so it's like what what if like uh and and this is
me being a coward too like it is it like in theory like it's it should work you know but I literally
just don't trust my timing or the theory enough to do it.
In theory, it's like, yeah, the market's probably going to be down over the next week,
so I probably could just buy a put
and it'll probably print, and then I can
just sell it before, or just exercise
it before Friday, and I'll probably be fine.
And then I think that, I'm like,
okay, well, let's do that.
And I think, oh, I could just buy some
short ETFs, and I, let's do that. And I think, oh, I could just buy some short ETFs.
And I just prefer to do that.
There's also just so many ways you can get fucked,
even if the price goes the way you predict.
Okay, wait, wait, wait.
VV says Microsoft puts 1225.
I'm actually going to do that.
I'm just going to do it.
This is one thing I'm super, super weak to.
If someone, like, tells me like tells me like no do this
like buy this sell this i know they simplified it too much like they gave it to you right i will do
it like i will just do it eat this up by the way we have a green candle on the hour oh i'm buying
eath we successfully footed it footed the bottom end, boys. Good job. Thank you. I'm buying a foot on Microsoft tomorrow.
It's about to retest the 1570 level.
I'm long on YouTube.
The bullish retest of the 1570 level.
Jesus Christ.
one way or another about tomorrow i just have like that like boiling sensation in my balls
like something is going to happen and i'm like enough of like a novelty seeker that i know i'm
going to enjoy it one way or another
watching the posts on twitter is really funny because you find like uh have you seen the
the akman drama today like he's been like no he's been having like a meltdown the whole day
he's been like freaking out yeah bill akman he's he's tweeted like 500 times about how like america
is over america is over like trump is over something like that he's been like on like 20 uh
like 20 news shows.
Like people are, people are crashing out right now.
And who knows, maybe I'll be one of them in a day or two or three.
It's still funny to me though.
That is rough catching a all rough
catching like an 80 upside on vix two days after i bought it is pretty nice though
yeah i was gonna say you're probably euphoric like this is the other fun thing is like there's
definitely like a way to profit off of all this but this is such like this is a market condition that like uh
like i generally don't trade when things are this much because i'm worried that my own like
emotional volatility is going to just like handicap me uh and if you're not someone who
deals with this and you like make good plays here like you you can't actually still
giga print like i definitely uh should have bought volatility when you said you were doing it that
was definitely a good play but i honestly just think that you're um even if you're not able to
like consistently trade this crazy garbage that we're getting as long as you're not able to consistently trade this crazy garbage that we're getting,
as long as you're not losing everything, you're doing pretty good.
If you're sitting in cash now, I'm sitting heavily in cash now, so I'm feeling
a lot better than I should be, right?
Absolutely. You don't even really need to be short.
Like, if you're just flat,
you're doing pretty good.
This is pretty nuts.
God, that just looks fucking horrendous.
Remember when we were saying
it's, like, going down at, like, an accelerator?
Like, it's, like, a perfect...
It's, like, a perfect position plot
of, like, evolving off a cliff versus time.
It's like
exponentially going down faster.
It's like we're testing
the asymptotic
price action.
It's just drilling.
It's like this level, drilled.
This level, drilled.
It didn't even bother bouncing on these.
It just drilled.
It's at a meme level right now too.
As soon as it loses 0.02, it's probably going to drill
again.
Is .02 a meme level?
I think any even number like that, super even pretty number is going to be a meme level.
People will bid it just because it's you know like an aesthetic level yeah
yeah yeah like usually it's like the the 1000 and the 100 like you get what you call like a
100 rolling or something where when a stock breaks 100 for the first time it usually like
rips upward we're just getting that like in reverse with eave btc
yeah it's it's a exactly the same principle as the
multimodal distribution of
people's compound lifts,
like compound maxes Lucas.
No one says, oh, I can press
285. They say 315.
They say 225.
They like the plates.
Or 250.
It looks pretty good if you go
to the log chart.
Jesus Christ, man.
This actually looks almost exactly like
Ox on the log chart.
Don't say that. you're saying bill ackman yeah bill ackman he's been crashing out today
i don't know how entertaining it's going to be because like he put like every one of his tweets
is an essay so it's not like uh like he's some 15 year old who's like posting like, I'm going to kill myself in every tweet.
He's proudly long America.
Well, the context there is probably pretty funny.
No, I am long America and he is short. I am aligned with our country and our economy and he is short.
at this point i just really kind of want everything to i just want bitcoin to like
leg down because at least then it'll be over you know what i mean like
like just put me out of my misery here i love well just let it all crash to zero, then it'll be over. Just make it stop.
Please.
Remember this?
Oh, God.
Oh, bro, the levels.
The ancient levels.
This was actually...
It was worse on alt, I think.
Let's see how the olp vault's doing
wow it's just it's just going up more and more gigabrile hour
olp is a safe haven asset
If you'd staked Ether in OLP,
you would have actually outperformed this last day.
I don't know if that's like FUD or bullish.
It's like bullish FUD.
This is just brutal.
I'm so glad that I decided to stake a whole pee leg right here. Let's find the biggest losers.
Decoupling theory, man.
Whoopsie daisies.
Hippo coin.
Dude, what the fuck?
We are just like a deeply unserious industry.
It's like a 2x and then a negative 99x.
We are deeply unserious.
This is on the one hour chart too.
what are we thinking boys do we long or short hippo coin god all right what did you say
you said we are a deeply unserious industry yeah we are a deeply unserious industry.
My plagiarism of the day.
It's not plagiarism, man. It's post authorship.
Post authorship.
Okay, well now I'm going to look at the rest of these because, ooh, dog and me.
That was like the one everyone was piling into because Coinbase listed it. So you can
see how that went for everybody.
I assume this is Coinbase listing?
I actually don't know.
That might have been pre-listing.
That might have been...
No, I think that was Coinbase listing.
Maybe this is Coinbase listing.
Yeah. There you go. I don't know what that other juke was.
Maybe the...
So this is...
We're back to the insider buy level.
Never a good place to be retesting.
Soon, Ethereum is going to be retesting the insider buy level at the 50 cent ICO price.
Sue earlier
said this is the
worst coin.
Dude.
I'm going to need you to stop doing the shitcoin update
so I can not kill myself when it goes
1,000x from here or something.
The other really remarkable thing is like, so normally on weekends we get like zero viewers,
but somehow we have like 12,500 viewers on like the middle of like a Sunday night, which is like
the worst engagement time of all. The one thing that I can say is like markets nuking appears to be bullish for streaming viewership.
I mean, we're like, we're going through like world historic times right now.
Like, so I guess it kind of makes sense.
Everyone's online, like looking at the markets.
Yeah.
Yeah.
Like I'm going to fucking kill myself.
It's over.
It's never been so over.
But from the depths of so over it can it can become so back
this coin being called collat is really funny listing the coin called collat as collateral
on ox.fund was a funny a funny play by our listings manager i would just like to say, I don't know who did this, but it is fine.
Give him a coupon.
This is an amazing price action right here for this one.
Beautiful.
Instantaneous candle teleport straight up.
Literally on the, on the hour ticker too. Crazy. Okay. So here, if we assume that streaming
and content creation is bullish now, we should start browsing which cameras and vlogging
sets are best.
No, because then we're going to dilute our viewership because they're going to go
on to... It's like the L2 problem viewership because they're going to go on to...
It's like the L2 problem with Ethereum.
They're going to go on to launch their own podcast instead of tuning into ours.
Yeah, that is a problem.
Well, maybe we can just create a massive...
So, okay, what if we did like...
You know that coin that launched another coin every time you bought or sold the coin?
What if we find a way to make revenue from all of the substreams that are born of this stream?
So we like... We make a super cycle.
So every time like someone tunes into our stream,
it automatically turns their camera on and starts streaming them.
They have, I mean, I guess that what I'm saying here
is we just start a streaming clap.
That's what I'm saying.
But we've already debunked that idea.
Yeah, that's extremely expensive.
Yeah, very.
This looked really good.
And then it just hit the retest and just bonk.
It's like the perfect bearish retest right there.
It's nearly perfect, yeah.
Classic TA.
They say TA doesn't work.
This is crazy. This had a
little bit of a dump.
Someone bought though. Someone is really
enthusiastic about WQuill.
What even
is that?
There's too many fucking coins, dude.
Pweez.
This is also tough because there were people buying this accumulation how's a house coin looking i don't think do you guys have it yet doesn't seem like we have it
that's like i think the most recent runner that i was aware of. This is really rough.
Glad to see key cat up here on the biggest losers short,
this thing pretty heavy from somewhere.
I think actually this is crazy. Cause my first short was literally like here.
And then I was like,
fuck I have to add every time it went up and made a new high and it kept it i was like i just like i refuse to lose
on this one i know it's going to zero like i know i know it has to go down i will not lose on this
one uh scaling into the short here was just really like not my best it happens man
we should actually get mitch his twitter account back i keep saying we should do that but we should
actually do it i feel like you're the one that can do it you have the most pull right
i don't know everyone thinks that for some reason reason I have some secret ability to be able to get him his Twitter account back based on Twitter contacts or something.
Not Twitter contacts, but I think you could get a message to Elon easier than anybody else here.
That probably is true.
I mean, Sue probably could do it easier than me uh if you really yeah that's possible leafy you're gonna have to drop her only fans ad dude oh i fucking dropped my Mu short because hype was holding up well, but then... How
does that even make any sense? Mu is nothing to do with hyperliquid.
Oh, sorry. I meant purr. Never mind. We're fine.
Okay. Actually, let's see per...
You said you guys are launching trading with hyperliquid liquidity on here?
Yeah, there's like a hyperliquid front end we can roll out.
That's pretty cool.
I think it's been built forever.
It's just an issue.
I think it's Shenzhen devs on holiday.
What holiday is it over there?
I don't know. there's just always some chinese
holiday going on when there isn't a european holiday it's like you're just in a minefield
of international holidays whenever you have a remote business
this is the other reason remote work is like a huge pain in the ass yeah yeah
have we checked the shit coin chart
i have not
i think it's on ox is? Did we look at fartcoin?
Let's check it out.
Fartcoin actually looks amazing.
Wow.
This is the world's best asset right now art coin is like holding up better than bitcoin
yeah it went up i think it went up like 40 percent the other day when everything was nuking
pretty crazy
this is actually like a pretty crazy fractal.
Like this actually looks so, but like the thing is we have a history of whenever we look at a coin like this and we find, oh, it has a pretty healthy fractal.
It looks pretty good.
Like we were almost guaranteeing that it gets some sort of heinous price action within the next two weeks. Right.
Yeah.
Like we, we top tick the, the the bullish recovery like to the minute usually.
Yeah, like Bitcoin.
Oh, yeah, like it's the bullish decoupling.
It's different.
I will say I was good this time.
I said like I think this may not be a bullish decoupling, guys.
I fell for it completely.
It is what it is.
I actually did like uh
i told myself i would wait like two weeks before pricing in any sort of bullish decoupling idea
as like an even like a possibility i think i just had more ptsd from bullish decouplings
than you did last cycle and so it saved me yeah i just kind of like
never believed it last cycle so yeah i fell for it every time i was like i was like the number one bullish decoupling truther last cycle i think i knew like in my heart that it wasn't
real because i did sort of like a hyperbolic tweet where i was like, the S&P is nuking and Bitcoin hasn't even moved.
Like eat shit boomers, just because I noticed everyone was like trying to say it,
but like not really say it.
So I was like, oh, I'm just going to fucking say it, man.
But yeah, it was like, there was like a hint of irony there
because I knew it was probably fake.
take.
Bros, I got to take off.
That's fair. Yeah, we could end this.
Yeah. We'll see you tomorrow for the blood
bath. The blood bath.
The blood bath and our
attempts to sweep it off of the streets before
it starts clotting and shit like that.
It's going to be an interesting day.
See you guys. What if we're wrong?
Maybe it comes up?
No, no. Maybe instead of a V recovery
we get one of the fabled half V
recoveries where the down is a V but the up is
just a straight line infinitely.
Stairs down, elevator
up type thing. Or a W maybe.
Max Payne is every asset going to
$10 million right now. I would be in so much pain is every asset going to $10 million right now. I would be in so much pain
if every asset went to $10 million. I think the market hasn't considered that Max Payne occurs
when Ethereum is at $20,000. It has not. We have not tested that thesis yet.
Yeah. With all hedge funds using Ethereumereum to short ethereum max actually that
would be funny what if it actually did blow up every bank by pumping like if all hedge funds
blow up because they're using like triple leverage like uh anti-rehypothecation to short ETH on itself. A massive financial
suicide pact.
See you guys.
Later.
Godspeed.
Oh fuck, where is it?
Off button.
