Yo, yo one second one sec, what's up early gang Casey Tyler gons two rips Cali
What's up? What's up? What's up?
We're giving we're giving money away today. Yeah, aren't we?
Yep, another thousand dollars
Friday was fucking crazy tomorrow. We run it back though tomorrow. We run back the loot boxes
To be so fun. Hey bottom, right start with tweeting folks. You already know the drill yard
Also, if you're gonna retweet drop a GM, okay, I need my gems in the morning
I think it's unfair that I'm we're here gave me all the gems in the world and we need to get gems back
Okay, so bottom right give us up for RT. What's up? Air King Jen? I suck at this Pampo's opportunist gons
Steve you weren't first in the space this morning. What happened? Usually first?
What's up? What's up? All right, Sam's think we're good. Kick it, baby
Think I got rubbed on the stream yard
What up? What up? Good morning. Good morning. Gmg
2024 why is it doing this? Why so loud Jesus? All right 2024
Look at that another beautiful day to have a beautiful day
I got my coast in the house OSF Mando. How are you guys feeling today?
Good why is it how you sorry guys is not working today. All right, we're good. Okay, you're good. I'm good. Perfect. Mando
I'm doing good, man. How are you? We're good. We're vibing. We're vibing. It is Monday
We are so back and it is absolutely crazy again
Today just a reminder just as a reminder like every single day, you know, we thought I don't know how much we got left
To go since probably knows better, but I'm pretty sure it's enough to go all week long
We're giving away $1,000 give away $1,000 down the show to anyone
Just not anyone to someone that follows us follows Robert and retweets the spaces at the bottom, right?
There's a purple box if you're on computer follow make sure we do Twitter spaces if you're on Mac book
Just make sure they were tweeting the space that goes live automatically on my account when I go live. So it's just a purple box
There's nothing else. No captions. Nothing. That's the tweet. I'm gonna pin it right out to the top from our
53 already you absolutely love to see it. I mean boys
episode 52 last week was uh
It was quite it was Christmas all over again, huh? That was we should can we revisit that for a second?
I know I know we've been posting a ton of videos about it online, but that was crazy
Shit, yeah, it was sad. I missed I missed the end of that show and then I saw I watched back to see the videos
Oh, they go wrong toasting throughout that versus your level of
Yeah, I mean I have to say I caught by the way you got you got caught for a second
You're by know exactly what it was talking about
He was talking about Obie's straight face
Have I think Sam's made a post this morning. It was so funny
So it's like listener wins a camp I panda this Obie's face and then you have you have listener wins a rug read of Genesis
Obie's face listener wins
$13,000 Obie's face. Listen with an RLD. Oh, he's face
Dude I was dying from Mando's comments here
That was so good, but yo it was like it was like sweet bonanza going on on the rug video
You know foam our studio on Friday. So the first first hit was a camp. I
Second hit was was the RLD which he ended up what he's he sold it over the weekend
Right and bought but dog goes and then swapped the east to Solana
You can tell he listens to the show a lot, huh and
But at least someone from your community picked up the RLD for a good price, right? Oh, is that what happened?
Yeah, exactly. We got it's good because it gets people in who want to know shaming
If you win NFTs in our loot boxes and stuff like that
You can dump the shit out of them into blur bits if you want you do whatever you want
This is this is your call. It's free game at the end of day
You just got money for listening to the show. You want to dump you dump him all you want
But just know there's always gonna be someone to scoop him up from you
So that's a good thing with these with these liquid markets actually. So anyways today show today today
What do we got? I'm gonna post a broadcast thing in a second
But what a sims have in store for us this weekend was packed on the NFT front. That's for sure anyways
Market report as usual crypto macro
Yeti a yeta all that good stuff going on. We'll see what happens
It was really like a link Marines type of weekend, huh?
The link Marines up good 10 points a lot of stuff to talk about that Tia and all that good stuff as usual
So it's just a usual suspects right Tia sui stuff social fight
Social fight is so back with far caster, you know being at the really at the front of attention
In the big time in a big way at the moment
So we're gonna talk about this for a minute. I messaged the founder
Who respectfully say that he just needs a couple weeks because they're really busy right under a really small team
So he's gonna come on at some point though. So that's gonna be a really good episode and the NFT checkup NFT roundup
So as usual, you know, it was a big ordinals weekend
So, uh, you know RSIC, you know puppets yada yada all that good stuff with stuff happening across chains
But the big thread that went like viral I think was Friday or Saturday wanted to I think it was Friday though
Was G money good friend of the show who took a million dollar loan
We had a small loan of a million dollars on his ape punk
Which is I believe to be the biggest loan ever taken on a punk perhaps on NFT
But G money is gonna be joining us to talk about that. I hit him up
He's gonna come on the show to talk to us about this loan and like kind of how it works
And you know, just give us some you know, some good content here for the people that didn't get to read the threads anyways
Anyways, anyways, why don't we get this party started with the markets?
Everyone can you hear me? Okay, I am like driving so we'll see how this goes, but
Yeah, okay, let's see yeah kind of uneventful I would say as as a weekend
Eth has been out performing Bitcoin
Bitcoin I think it's hanging out around 43k last time I checked
Solana has been underperforming went down to like 96 area, but there are some old coins still doing okay
So you had link up a lot things kind of broken out the range and it's heading towards 20
You've had suey you've had to say you've had Tia all like the the most recent ults
To be doing well, but volatility has really died off over the last few sections
I think bitcoins kind of hung around 43k to be honest
He's been hanging around this area for the last couple of months really like
Actually kind of got to this level early January and it's just up down as state around the double
so it feels like we've been in this range for a while a lot of people are saying that
This reminds them of the range that we had for a long period where where Bitcoin hung out around 26 to 28 K
And we've got something similar going on right now
This has just been going on for a long long long time literally two months by the way Mando on the on the screen
Um, it's a February 4th for December 4th. That was a 42 K
Exactly. I think I think I mean this wouldn't really matter but like the market and
Most a lot of participants let's say in the day-to-day market are DJEN
So that lever trading the hell out of this and it's not been a great
I think period for people who have been trying to catch a breakout of Bitcoin or ETH or Solana
It feels like they've just been range range bound for a while and every single time they try and break out
You kind of can get punished trying to catch that so I would say it's been a slightly frustrating market for a lot of people
So at least the last month
But let's see what happens there
Mean coins again didn't really have a great weekend
There's been a couple of them of like new coins that have come out
But like nothing nothing major I would say the majority of the major ones that people have been tracking recently are lower
There's a new token standard, which I think you've mentioned about control
He's he's been talking about which which had a bit of a run but other than that, it's been it's been relatively quiet
NFTs have actually had an okay period so like we've had Bitcoin NFTs had a really strong week
And our sick and and the puppets are kind of breaking out to new highs
A couple of new new projects on ETH have done have done well
and yes, Solana Solana NFTs have slightly under performed I think but
That's that's just because I think Sol itself is like slightly underperformed. It's the Jupiter airdrop
Jupiter as an airdrop is hasn't really been supported
Five billion roughly and but we've got a new airdrop coming tomorrow. There's the dimension airdrop
Yeah, well dimension may net is tomorrow
I'm pretty sure that's the same time as the new airdrop coming, but that is already a four billion
airdrop in the in the pre-market
So that'll be another one that everyone starts writing threads on
And then there's been a few other ones that people are now starting to track
Egan layer has been like the next big one that people looking at that's broken into the top 10 for DeFi over the weekend
But yeah, I would say that's what people are gonna be focusing on still airdrops
It feels like game is gonna be the big one this week. Solana is slightly losing the I would say the focus of the market
Kind of felt like it would push on from Jupiter
But because Jupiter hasn't performed that well
It feels as though other things are starting to catch up
you've seen people go back to things like tier is like the way to get airdrops or suey or
Any of these right like everyone's just trying to catch a net airdrop and it's kind of what you said last week for open
I think we keep on seeing is that there hasn't been that many new people that have entered during this bull run
And you know where you can see that is just because one thing pumps everything else kind of falls
But I think we're starting to see that a little bit like each pumps and everything has to fall but keep the pump
or if someone's trying to catch the new tier like staking then
Sorry airdrops then all the other alts start to fall
So it still feels like a one-in-one out policy at the moment with with like crypto
I don't know that's not that doesn't strike me as that great. I do think that Bitcoin
Like a relentless fine from the ETFs will will just make sure we don't dip much and probably actually I think Bitcoin
It's not a bad long here. I think
Bitcoin I think it could just continue to grind higher for a little bit particularly into the halving but
It does feel like it's a slightly dangerous period to hold on to any narrative for too long
But it's the market feels very jumpy
Yeah, that's listen like this is something it's funny because I know I've been sending you some Chris Burns key tweets here and there
Though sometimes it's a little more on the bear side
But I was reading actually a very interesting thread that he shared yesterday that these was talking about
That kind of talks about it's like he's like a long only type of person, but he's only
It's not even criticism. I'm sorry. I don't know how to say we're like his only like
Like one of his main thesis is like why this is not like fully running yet
It's because we we have the price action and we have the attention
We just don't have the participation yet
for me like I always study this from like more of a social media slash media perspective because like obviously like even now with
Decrypt even more like we have access to data that like shows us like the level of participation that we get from like external links
How many people clicked on the article about the ETF or how many about an eighth entity project to this and that like I see
it from that perspective and I really like I really share its thoughts when it comes like we just don't have enough like
market participants in the in the in the space yet to be able to go into a full mania bull run like you saw what happened with
Jupiter and that 20 million dollars, which obviously is starting to weigh in on the Solana ecosystem sites
For example, like NFTs will talk about them in a second
You know right on on ordinals and whatnot
But there's they're not really running on on on Solana at all at the moment
It's just kind of been stale for the last couple weeks
Like we'll do a market report a second friend FTS, but every time we go on it's like kind of been the same thing
Maybe couple sold up couple sold down but on the coins here mando. I don't know. That's just how I filming obi
We got so I have I want us to do things first of all your thoughts here on the market, but second of all
60 minutes interview that came out yesterday with chair Fed chair Powell like did you have time to look into that and what it means
Yeah, I don't think they said anything terribly different to what they said at the FOMC last week
But there were some comments. There's some comments to say that they definitely expected rate cuts this year
I think they reiterated there wouldn't be any rate cuts in March
Maybe there's some language that suggests that like and we may be thinking about like three rate cuts rather than six rate cuts
but again, I think this is kind of like what we spoke about last week where
people just didn't really like
The market was kind of really aggressively expecting for sooner rate cuts than maybe what we were expecting basically
That was basically it really it wasn't really I don't think there's anything like surprising or new for it
It was just a reiteration of the FOMC. I think oh, okay, so there's nothing like
It's a none of it. Like it's yeah
It's correct. They only said that much new but the market did react. I mean, I don't know where tenure was ten year this morning
So so it was at three point eight percent roughly on
Early Friday and now it's at four point one percent. So it's been quite a big move in in ten year
But again, it's not really that much new. Okay
Just it's just like a combination of things happening the other big big macro thing to be watching out for and you'll continue to see I
Would say I think you'll see a lot more on the timeline. It's just how bad the Chinese stock market is at the moment
and this has been like a long brewing thing, but
To pick up Chinese stocks were down eight percent on Sunday
They are they were down again today, but there was some there was some buying from
This like this big stimulus package. Remember we spoke about 270 billion of stimulus coming through
People are getting very bearish on China. I think January was like one of the biggest outflows for Chinese stocks
It was about I think about 2 billion left from foreign investors
So a lot of foreign money leaving and trying to ban short selling. They're trying to prop it up
I don't think empire where they're banning short selling
Well, they're banning it without saying that they're banning. That's amazing. Very very
And just generally that's like if people are gonna get worried about that from a macro perspective
It's been a long as many things driving it but it's it's mainly it's the it's the
Real estate market and just just the effects of a shrinking population
On the massive growing demand. I mean evergrande itself owes
Financial participants about 300 billion fuck
And it says it has 200 about 250 billion of assets
So in that sort of scenario when you when you owe more than you your assets you have to go into the bankruptcy
That's what evergrande did. But like we don't know
We don't know if it really does have 250 billion of assets. It might have like yeah 50 billion of assets
Like they valued a lot of this property at a very high level for a long time. It's not just evergrande
It's it's a very very prominent shadow banking
Financial position goes on Z down and it's very similar like they're going down and
It's very clear that liabilities are higher than their assets, but these are
financial institutions like 300 billion is
For evergrande to go down and you're gonna have about I know it seems like they
Right now China is is basically trying to merge a ton of its regional banks
So basically happened in the US, you know in all the regional banks had issues
China's had to go through and go through all its regional lenders and just merge them all into one
Because it's having such it's such a disaster right now
With all this bad bad assets on the balance sheet
Mainly from the real estate sector. So this is this is like 2000 Nick for China. Like this is a housing market
Exploding in China and everyone realizing that they have really bad
debt essentially and really bad assets as well, so
And it's a slow-moving car crash. That doesn't really get better
like this is a Chinese population that people if you if you continue to
Just like the the current projections like it's a population that could drop
50% by the end of this century
So holy shit. Yeah, like it's it's a really really really bad time for
Chinese property right now and
There isn't really that much of a light at the end of the tunnel
like it's just a lot of bad things are still gonna happen now the other side of that is like one of the big bets of
Bitcoin and crypto is that things will continue to?
The number one policy will be that we print money in and we bail out everyone and that that matters as much in the US
As it does in China. So if China's doing that and pumping and it's printing all this money, which is
And you've got to have the coins the hardest hardest asset out that if the room is the hardest that's out there
So this is still I would say not terrible for crypto, but you can have bad correlation at times with us
All right. Well, that's a that's a really good market roundup here, especially on the China side. This is crazy
I know you've been talking about it for a minute now, but this is like looks like it's not getting any better at the moment
So hate to see that the other big runner here on the market side was link. What's up with link?
I mean, look at that. I mean nearing $20 now. There's the link Marines, you know, they've been accumulating forever
Getting you know getting rewarded here. Love to see it. What is it? Was there anything going on?
There was just like something that was just bound to be to check humiliation over time
No, nothing really I mean in a it's been a
Humilation and it was trading around seven just a few months ago like six months ago, right? Yeah, it's done about 3x
You know that the big link is like a piece
As in link is an Oracle. So it's an Oracle. It just they provide a lot of the data which isn't on bar
Oh, I think he's driving through somewhere within help or connection
Yeah, shit about connection now, it's all good. Don't worry about it. Yeah, we hear you
Basically link is behind like everything
It feels like it's a lot of talk it's gonna be
It's gonna be a lot of talk is gonna be used to power a lot of black rocks
Yeah movement into the crypto space so people are getting very build up
On the other hand a lot of link is owned by the foundation and they tend to sell it on every single pump
So no one really trusts link pumps like even over the weekend. The link foundation was selling at our link
But like these foundations bro
These foundations, you know what? I'm not buying any tokens from any foundations anymore. Just kidding
It's like the way every single crypto company set up. There's no choice. All right
Well, you know, we'll see what happens on that front
But I'd love to see I just I just love seeing link pump because like I know a lot of people hold link in space
And it's in the link Marines like probably like your fork right now
So that's been running one other thing that's been running for a minute now is wrong
Like one went all the way to like three three, I think
Obviously top loss today, but like that's after like a massive gain. So
Take that with a greater saw that's been going on
Personally speaking just waiting on this pump protection or plunge protection mind you Ovi
Thanks for mind that to stop on Jupiter. So we'll see
What happened there just quick recap though. Another thing that happened this week on the corn side. There is some beef
There is some beef. I'm noticing
There's there's there's the two dogs with hats now. What's going on over you are the dog with hat resident expert
I mean look we may as well talk with this is we're talking about a token. I went to half a billion dollars
And that's we're seeing I'm having like Pepe flashbacks here. I got my full PTSD. What's going on?
The person I wouldn't say the person that created the dog with hat mean but one of the original people who
Post it made it popular or whatever. Yeah, exactly
they seem to have come to the market and they tried to like play and they made it and they made like in version of
they tried to pump it but like a bunch of insider while it sold and kind of like dumped the whole thing really so
I don't think there's really much more to it. Like I think the original meme was like posted by someone on Instagram
Just how like someone owns like the original?
Doge meme and they mean mean coin out of it and
it feels like to me maybe like some shit coin devs got a hold of like the
person was like, hey, you should just do this and then
The shit content is basically the ones that made all the money out of dumping and then they've left this
This poor person poor. I don't know poor not poor but this person with this coin and that's basically it
Faff with that over the weekend, but it seems like that coin is
There's almost died. I think so. So it went all the way up to how much it's still sitting
But do they pumped it to 30? I think and then it's dropped to about 10 back to the 30 on like the first
Few seconds and then you drop back down to 10
Yeah, and then overnight is down another another 50% Wow. Okay, that was crazy
I usually that turns me off from the coin no matter how much I like it
I like to see something like that going on, but we'll see how what what happens there. What's the real with that?
I mean still strong if you ask me especially after the whole Jupiter stuff like a lot of meme coins got decimated on the
Solana side and it seems like it's holding out pretty well
So we'll see what happens there
But that was meant a lot of stuff happened this weekend
like sometimes I talk about something on the Monday morning and it's funny because
That dog with thing feels like it was two weeks ago and we're already over it, but it's like it happened Friday night. Yeah
Where is a the original? It's a gamer, right? It's a big fortnight gamer and has a large audience
That posted the meme and made it popular in 20. It was like years ago
Then came and claimed that say he got nothing out of it. I
Mean, it's not like it's his dog on the picture either
And then created one on eath and then it was it became a whole ether system on a thing
Didn't play anything. I've been quite a kind of off the charts in the trading for a minute. So it kind of feels good
It's it's been it's been great
You know, I didn't know the price of of of Bitcoin either. So until we started the show
It's pretty good. I usually wake up turn my alarm off and open coin market cap. I
Just like knowing the price but lately I've been closing everything it's been feeling I it's felt it feels right
This doesn't feel like this environment for trading the more. I don't know. It's just weird to me
But seems like lots of lots of opportunities all around the space and then quickly
I mean look I see G moneys in the studio
I'm gonna bring up in a minute here
But the other big stuff that's happening on the timeline that everybody's probably paying attention to at the moment
And if not, you're probably getting it like, you know shown to you all day long as far cast
Far castor is popping off. You know, they've been working on this for a long time now. I think a couple of years actually
And this is from hosseve here. Oh, it seems like far castor mindshare just hit all-time highs da use going vertical
It has had more mentions on CT today than any token in all crypto
So yesterday that was and that's actually pretty accurate per my timeline. I saw everybody start, you know
Pretty hard, but it has been getting
It has been getting a lot of
Of attention on there and there's a lot of people you're getting around. I personally like spent
An hour yesterday night just like reading different threads about it
Compiling different threads and stuff from different, you know people that wrote about it
We're gonna put a little deep dive right up about it on decrypt probably for you guys to just be able to see it
There but I think it's something that people should look into and that is interesting
I mean, are you looking to it yet or not yet? I think it's much different. Yeah, I got it. I set up
It's all right, I mean, it's just really hard to
Displace yes a social media platform and I think most people I mean, I don't know I can't speak for everyone
But for me, I'm just too busy to post on more than one
Platform. Yeah, so I don't really care about
Growing my farcaster like if everyone uses farcaster, then I will use farcaster
But at the moment it's just kind of like I don't know
I just I hate I hate these new platforms we go on it and everyone's just like you can tell it's just like a land
Graph for people to have another crack at like
Trying to like dominate and you just they're just it's just like max cringe the content on it
So I just find it really hard to read it and I just yeah
I don't know. I just can't really be bothered to like post on there and then post a farcaster. So it looks all right
And I don't really understand like maybe you can get an airdrop and all that stuff
But I think it's going to take a lot more than what they have to replace
X in my opinion. Yeah, I mean, I think what I like about forecaster right now is people are not chasing the air drop, right?
Like I think what they've done right is they've captured the attention of people. So this is warp cast which
Forecaster is a protocol, right?
It's actually a fully decentralized like a properly decentralized protocol built on top of the area
The app that that remember and see my building on top of forecaster to use the protocol, right?
What I find interesting will be personally speaking. So I was telling mando yesterday why I think for example for you
Yeah, I get it. But for mando
I'm like, well, he should be having his minutes on there. Yeah, right. Yeah, because like there's over 10,000 actual active users daily
That are not there for an air drop meaning that they're mindfully
using it and it seems like a lot of the
VCs or a theorem heads a lot of like the folks that went out there to start using because of the noise and the lower signal
To be able to have higher signal content there
So for me, I agree with you that the beginning of a platform
It's like why would I go on there? The content is cringe because everybody's turn a line grab
Like you said like the land grab type of content super cringe
It got to a point where when I see over 10,000 people showing up every day
And I know that all 10,000 of these are people that could participate in what we're building
Then I get interested in that
So I think like I think that's when I personally get interested and like obviously like internally I've told the decrypt
Or greater teams were talking about some stuff
I'm like, how can we build something on top of far caster that can bring value or even help distribute the content that we push
Daily like I'm already trying to see if we can start
Broadcasting this on there because we're doing it so might as well
You know, I mean like that's how I think about these things personally speaking
And for Mando, I was like, I wish he was here, but that's what's right to him last night
I was like dude like for Mando minutes like this is literally your crowd
Like this is the most perfect place for you to go and dominate a newsletter that you're already kind of doing everywhere
But yeah for you I get it like it's just different
It depends on the people but I definitely think there's a lot of oh gee money. Just follow me on there
Let me let me follow the man back. You don't speak of gee money. Let me get gee money up on say what's up gee
Good morning. Yeah, I just clearly you're you're paying attention this conversation. I bring you up on here
What do you think of forecaster and and and and in general you've been on it for a minute?
Um, so I've been on it for a minute, but I didn't start using it till like yesterday. Uh-huh or maybe Saturday
Yeah, like mostly I think I'm like, I think I'm pretty much in the same boat as you guys
right where it's like when you see these new social like social media networks are just so hard to displace but
There's something interesting happening here. I like really like the frame stuff. I just minted something on a friend like
and that was really seamless and easy and I feel like I guess my main question is and I don't I don't know if
Anybody can answer this because that was my first thought was like what about malicious links, right?
so if like somebody posts a frame that's like a wallet trainer, but I don't know if that would happen because maybe it's a
Like a proxy wallet that does the minting, but I'm not sure but it was just I thought it was interesting. It's cool
That's interesting. Yeah, and for what it's worth like for the DJ ends
There's some stuff going on token wise to over there. It's just I don't know. I just look at this you can
I don't I just find it super interesting. I know I
Would love to come leisure. He doesn't like it, but he's been very active on there. Where did you meant that frame?
I cannot want to go through the process here. But yeah, let me um, let me I wonder whose frame it was
I'm just so curious about it was the coinbase here. I'll drop the link. It was like the coinbase
Institute frame based Institute frame
To do I drop it in this private chat? Yeah, that works
There's just so much going on there right? Did you did you link your?
While yeah, not yet. I will I'm not gonna go through those now
But I don't know if you'll be able to unless you link your wallet. So I had to make my wallet in order to do it
Yeah, but then once I did it, it's literally you press claim. Yeah, so you go claim here and you can just like oh
Yes, you got to you got to connect your wallet and then what you connect your wallets
You just sign a transaction then once you connect it then and you can use delegate one quick minting
You can use delegate cash
so I also notice a crypto punks channel and then people are starting to make channels based on like token gated channels based on like
What people are using what I again like what I personally like about it
And I said it's like just I see Dan Romero just grinding his fucking face off
And I see someone that like actually attracted people that are really interested in the product without enticing them with points or token and it's
Automatically, I'm like attracted to the platform. That's it
Like it's very like base level for me and I see 10,000 potential readers listeners
Participants of a network that we're trying to build and I'm thinking how do we build on top of it?
Then I dug in and was like wow, this is the just another protocol that's being built on top of a theorem which again
For your theorem heads in here just goes to show you how much can be built on a theorem and that a theorem is actually
A network that could support something like that. Like tomorrow for caster gets a million active users
Aetherium is never gonna go down for that reason, right?
Warpcast could which is somewhat some people are like complaining about warp cast being dancing forecasts are broke. It's not its warp cast is just a centralized
Tool being built on top of the forecast or protocol
So, I don't know. I just find it really really interesting and for the creators out there
Even artists or people trying to mint stuff look like you G money. You said it you came you minted
Inline something online. They call it in line like within and on warp cast and I just find it really interesting. So definitely worth
Looking into that and look there are some tokens being passed around like people keep saying oh, here's X amount of dgen token
I don't even know what it is
Just people are giving it around. So
Yeah, how do I claim my D gentle? I have no
That's the next step of me looking into farket last night
I took the time to like read all the threads and articles were like what exactly it is in the protocol level and then like
what's going on with warp cast and
next step is like understanding how we can build on top of it and like do all the token stuff but
I don't know. It's super interesting
like for example for us we have a
Our own token we could be having like a network of people just like distributing the token on
Warp cast to users for reading an article or pretty much in the content. I don't know. There's there's something there, man
There's definitely something there. I think the frames I think for me
I think the really interesting stuff is the frame stuff, right?
You know, like I think I saw somebody like tweet about it or maybe cast about it
I don't even know what platform I read it on but like somebody mentioned it house
You know, what if you had like one click shopping, right?
Cuz like right now you can't really buy anything on platform on Twitter
Right, like no and I honestly like I think Elon's probably like trying to tackle that to be honest, right?
That's why you want some money transmitter license. But like once that happens and I think once
Like Twitter can figure X can figure that out. They probably like increase their mode a little bit
But right now I think the really interesting thing is like, oh like you want
To mint your entry to an event just like one click. Yeah, right
That's it's like Amazon right one good shopping. So it's just everything like you go from having to
post the link to a product
You first of all, you lose all your traffic for posting an external link on X
Which is already you're starting with the handicap second of all, they have to click on it
Then they have to go to check out at the bag go to check out add a credit card add your email
But there's like five to eight steps to buy, you know, it cuz you saw product on far caster
You post a link boom within the frame you buy the product
So so Ovi where it becomes interesting for you is rec drinks, which I saw you produce congratulations
I saw the video. It's awesome. Love to see that but like same for 90 CC is
You guys post the frame of the product and within far caster Ovi because they have the wallets connected
They can shop the product in one button one click. Boom
Yeah, like of course like there's the addresses and stuff then for shipping
So I don't know how that works
But for like a for like a event or for like a product that you don't have to actually get a ship ship to people
It's a one-clip buy so I find that extremely interesting
And I and I really that's the type of thing that I would that's like
Sometimes I talk about things a lot on the show but it's because I want people to start getting curious about them
Like I think you should get curious about it. I have no incentive
It's a push far caster for what it's worth
I don't think we should have an incentive to push something that
That's native to crypto being built on the fucking dope is blockchain theorem. Yeah, we love Solana
We love investing in soul, but fucking there. I'm still there
So I think you shall look into that last but not least also in the social fire world and i'm gonna I want to talk
To g money because that million dollar load that's something big here. That's some us historical
Um, it's uh, what is going on at friend tech? I don't know if you guys saw my tweets yesterday, but that's also on the social
Yeah, what happened there? So, you know what happened?
I don't have an in but I know that razor posted hot take friend tech
So no yuga dot eth which is that's why I post it. So that's someone that works crypto at coinbase, right? They posted
Hot take friend tech should just become a farcaster frame
I mean, that's kind of a you know, kind of a slap in the face to frantic founders in the way
I get it to which he quote tweeted razor said hot take friend tech should say fuck base and become an l2
Next tweet was one fucking tweet and my coinbase handlers say I have to shut down my twitter again
Which by the way, this is not me forming the opinion
Four against coinbase base or any teams like very neutral here switzerland
And then he's gone. Obviously he deleted his own account, right? So like, you know the handlers, right?
This is the handler in question the penguin super cute. No kidding, but
That went down. I don't know what's happening at friend tech, but it seems like you know, nothing's going
The way they want it to go like, you know
Um the pancake's brothing not long ago, you know before the token allocation whatever being
You know kind of shown the door. He was on the core team members then
Racer going on and off then this
If I after this guys, I I don't see a future of friend tech on base
Like I wouldn't be surprised to see it on move to another l2
I don't know what you guys think here, but I just
Yeah, I could move who knows we'll see like they had
They were sort of like the first mover with something good and then they kind of just like
I don't think they just they just failed to capitalize on
What they had? Um, and that's why we're in this situation now. So
Yeah, we'll see. I don't think
Moving to another chain just suddenly solves problems and makes things
There's an argument to say. Oh, well, maybe if it was on something that was more popular than base
It would have been better. But everyone was using friend tech over the summer. So there wasn't really an issue there of chain
Um, so I don't know how much that really solves or fixes other than maybe some performance issues if they if they had some on base
Sounds like internal beef
Um, you know, I think that's probably what what it is. Yeah. Yeah, there's definitely some beef going down over there
Nobody really knows what's happening. I asked around this. I don't I have no clue. Uh, I just saw that. Yes
Like it's it's going off. Anyways, g money
You did it again three years ago
I read a thread from this guy called g money had no idea who the fuck he was
But he was just this monkey crypto punk coming on clubhouse talking all this big talk about punks and nfts and I was automatically
Fascinated then I read your iconic thread from I don't know if it was n 2020 whenever you bought you a punk
About how you know at the time you broke a record to buy this punk
And you did it again three years later. You're back with uh a thread
Uh, you know that announces a million dollar usdc loan originated
against the one and only eight punk eight eighty two eighteen from g money
Loan terms fourteen percent apr for 180 days and that's on gondi
Uh, I have no links or affiliations to gondi, but danny seed freights have been talking to me about them for a minute now
He's a huge fan. I know he's an advisor, but he's also been using it a lot for his personal stuff
I mean g money first of all
I guess congratulations for that for pushing the boundaries non-stop and why don't you give us the details about this?
Because that caused a lot of chatter over the weekend
You know what tell me more about this million dollar loan on your punk
Yeah, so I mean basically, you know, my thesis
Since I got into the space was how nft finance was I think going to be like next level, right? Like I think
We're still in the infancy and I remember you know
When I originally my first nft that I bought was a crypto kitty
And actually at the end of that tweet thread was the tweet thread I wrote about how I ended up buying
That crypto kitty and then how I ended up taking a loan against it and at the time when I took out a loan against it
It was a twenty five thousand dollar loan. Um, I and that at that moment
This is in like uh at the towards the end of 2020
That was the biggest on-chain loan against an nft
And you know, it was just it was just interesting because I I have um,
I'm using the money for pretty much like a bridge, uh between two transactions
And so I was you know, i'm sitting there and i'm like, well obviously at this point in the cycle
I want to be long as long crypto as I possibly can right?
And you know here we are four or five months removed
From an article in rolling stone saying that nfts are worthless, right?
What better way to show that nfts are not worthless if I can get a million dollar loan against an nft, right?
I mean this this kind of goes back to like the original argument, right where people were like, oh, well right click save
Like, you know, is there any value in something that can be copied, right?
And I think we're we're all here because we we see that value
Um, but I think when you talk about most of like the mainstream people out there, you know, they read those articles in rolling stone
You know cnbc or whatever
The the mainstream media talks about they're sitting there thinking that nfts are worthless, right?
And it's like I think this is just you know, if you can get a million dollar loan against something it's worth
At least double right? Um, you know, like it's funny because I saw a lot of
A lot of the conversations happening around it around people not really understanding
Um how much the crypto punk is worth and people were like dude if that if that punk got listed for a million dollars
Like I think six I think six five two nine said if that punk got listed for a million dollars
In a minute what a minute I think a minute even an insult to how fast it would be
It'd be sold in like, you know, 30 seconds
Right. This is how much it's worth like the last one was dany's that sold for 7.5. M's
But like there's one that sets for five but like at one and a half even at two million you'll set it in under an hour
But yeah, so, you know, so I I think it was more it was more to kind of
Show like hey, look these things are worth something
Right, and I do also like i'm super super bullish on nft finance, you know
I'm uh, i'm also an investor in gandhi and um
I'm an investor in arcade. I've used nft. Bye. I'm an investor in meta street. I'm super super bullish like when you think about
The asset appreciation we had last cycle that was without credit
Right. And so, you know what what happens when you introduce credit into the system?
Um, you know that like you start to see some pretty crazy stuff happen and you know
You're going to be taking leverage like this is personally
I think this is the point in the cycle where you want to be doing it
You don't want to be doing it after asset prices have already like, you know, five to ten x
From from like the bottom. So, you know, I just for me
It's kind of like a play of i'm super bullish on this on the cycle where we currently are but then also
You know these things are super valuable
And you know, there's a market that's that's that's growing around these right?
Like I think the interesting thing that that gandhi and arcade and a lot of these these platforms
especially these peer-to-peer lending platforms are focused on right is like
How like how can you borrow the most amount of money at reasonable rates for the longest amount of time?
because I think what you see on on blur with blend is
Like i'm never going to post my crypto punk as collateral there because it's callable within 24 hours
And like the the terms are just too like too
Too much stacked against the borrower, right?
So you're not going to get real natural lenders there you get people there to speculate for sure
You know think about think about it as like day trading stocks, right? But you're not going to get real
People with real assets like danny would never post any of his glyphs on there, right?
Like it's because you want to make sure if you're going to borrow money
You know you want to borrow it at reasonable rates for an extended period of time, right?
Because if you like I can't sit there and be if I have a loan and it's callable within
24 hours, I can't really do anything with that money. And so like in order to I think to plan
Uh correctly of like how you're going to utilize that capital you need to agree to those terms that you need to be
Probably better in terms of rates and and that I think we're going to see a lot of that over the next couple of months and
I I find this fascinating and I love that, you know, you're the one kind of pushing that boundary
Oh who's calling you who's calling you? That was that was my meal prep guy. I probably have to bounce in a minute. Okay, dude
I like that. Oh, you're everybody's under health crime. I woke up this morning
I didn't look at any charts. But the first thing I saw was ovi's body
You know send us a little update of how we still on it. You love to see that
Uh, but uh, but you keep it healthy gee, I like that. I mean i'm trying i'll say this you've been inspiring me with your uh
With your every day, uh in the gym. What do you have? Uh 10?
Uh, i'm on i'm on 18 to this morning
And like even when I was uh
Working out today. I was like, you know what? I think i'm gonna like set a goal of like number of times
I went into gym this year. I was really you're inspiring. I appreciate that. Um,
You know, I my goal this year is 180 for the year
And so we're on pace we did 15 in gen, you know, we're at 18 total
So already three in feb we're feb fifth. We've been going at like 7 30 a.m
It feels good, dude. It feels good
You know also for me it's funny one of my inspirations with this guy
When I saw him train for boxing and I was in london during freeze
And I looked at ovie just like not drink just grind just like fucking do his head down
Just like working all the time and get buff. I was like I want to get ripped
I was like I I also want to be like because mando also has been on a health kick like crazy
Like mando's like iron man. Okay, like this guy is like
Ripped and so I was like dude, I I want to like get on this kick
So, you know they kept both of them and not me so
It's like a circle of motivation that we got going on here, you know, that's the right
I've enjoyed it. Keep on posting them because it's it's been inspiring me. I got I started working with a trainer last week
And got the meal prep stuff trying to tell me
Let's go my meal preppers. Vanessa. She keeps me alive. So shout to the girlfriend's wife
Uh keeping us alive here. Listen, uh gee, I mean so what happens next, right?
I know you got to go so i'll keep it short like
So you got that million dollar loan for the people who don't maybe understand the high level stuff like low level. So you were
You took a loan out for a million dollars. How long do you have to repay it? Blah blah blah. Like what's next, right?
So yeah, so it has to be repaid in six months. It's at 14 in ui. So
seven percent ish, uh over the course of six months and basically, you know, it's I think to me it's like
When you look at I I was trying to get a slightly lower rate to be perfectly honest
But when the risk free rates at five percent, you know
I couldn't really do much better just in terms of
Most lenders in the space and this is what I kind of go into in that thread
Is like there's a mismatch in terms of assets, right? Like we're all here because we're bullish on ethereum
So nobody wants to lend to me in the in usd
They want to lend and eat like if I if I borrowed an eth it would have it would have been much lower
But then the problem is I needed it as usd
So I would I didn't want to be short eth on my loan, right?
So if eth were to pump I would end up having to owe that in eth
But i'm using the the dollars as usd
So, you know, I I think that falls as the space matures and it grows we're going to start seeing way more
times in the last couple months where
there somebody has to create this protocol or or something where
If you have this pool of lenders that are willing to lend and eat and these pool of borrowers that want to borrow in usd
Like there has to be a way that you can hedge that out on
Uh on the decks right like through through perps or whatever because that's literally what they're there for right?
like you have this natural this natural market of borrowers and lenders and you have these people that are speculating that could actually
That that's really what they function as right especially when you look at the futures market in in traditional finance
And so like I just I think this would be such a massive market
and I think the downstream effects of what this is going to mean for nfts is is huge and this is
I'm really excited that i'm able to kind of partake in this because this was the original thing that I saw
With nft finance when I first got in it was like wow
Like how cool would it be if once you have these valuable assets?
That you can start posting it like this happens in the in the art world, right?
This happens in real estate
This happens in in all these mature asset classes
And once it starts happening in the nft space in these purely digital objects
Like, you know, I was I was able to get this loan without having to to personally guarantee it without having to give out
My social security number and my earnings, right?
You know anybody that's gone through a mortgage
Right, like, you know, you know how how how much information that they want and you know
interesting things like are they right and and um
And compound do this on on the uh on the liquid side
But I think we're going to start seeing a huge rise of it on on the the non fungible side as well
I don't know if you have any thoughts or questions to leave g on there. We'll give out like a thousand dollars
But it's uh, it's pretty cool. No, I think it's I think it could be um
It should be a massive market because like
Lending on just like real world assets is is a huge huge huge like probably like multi-billion dollar market
I don't know what the numbers are. Um
digital assets grow in value then this market is going to take off and it's interesting what g said because
In 2021 we had that massive asset price bubble without a mature or even existent
finance market for nfts and now that market exists so it allows people to be
More creative in how they structure their positions and how they borrow and lend and it also opens up
The ability for like a brand new market participant to enter as well that we haven't had before and
There's been there's been a ton of like people people are out there literally just lending against nfts
um, that's like a whole business, uh on its own and
So it's going to give you a lot more liquidity in the market
I think like where people get wrecked is when people borrow
Too much and they just make you know trying to do some dgen play and they can't pay it back or whatever and then
The other guys make money there. But um, I think it will actually create a much more liquid market as it matures
Um, and i'll be interested to see uh, to to exactly your point
It's funny because i've had people in my dm since that tweet went out offering me lower rates, right?
Of like, you know kind of okay, here we go
So I was like the thing is I was shopping it around
Um, you know otc for a few weeks and trying to negotiate the best rate in the best terms that I could
So it's like it's going to be really interesting to see this
Market mature as there's competition in the race, you know, I it's really funny because squiggle dao
Was at one point the biggest lender against squiggles and they were willing to loan really high ltv's
At really reasonable rates because they just wanted the squiggles, right?
So they they wanted people to default right?
And so it's it's going to be interesting to see this competition but exactly to to what you said
Uh osf where it's like, you know at at some point in the cycle people are going to be over levered
Um, and and it's going to be painful when when they do that and you know
They're like, oh i'll make a quick double and then all of a sudden they lose their money and they can't pay it back
But I don't think we're at that point in the cycle right now
So like I I think right now is the time when if you're going to take on leverage
And I don't tell anybody I don't tell people that they should do this unless they know what they're doing
I think right now is is the point of the cycle you want to be taking it out
All right, chad, that's pretty sick. I love that. I love love that
I love the quote that you gave about rolling stone. I saw 905. I just pick up on it to it posted
But that was great g money. Congratulations on everything and uh, see you in paris
Yep, well i'll be there i'll be at the uh, it's our house, right? Yes, sir
Our house paris baby. See you there. All right, cool. Peace out. Thanks for coming
All right. All right. That was fun short notice. I hit up g money at like 10 15 a.m
You want to come in like 15 minutes talk about this small loan of a million dollars, uh, so easy
He cooked honestly, like that is
And uh, and i'd love to see that so good for g money. Look we'll talk nft's tomorrow proper roundup
You all already know what's happening good on dgens. Uh dot finance and get the whole thing. Let's give away a thousand dollars. Shall we?
Let's give away a thousand dollars. So as usual
As usual if you go to the bottom right you have like a couple seconds left to re-tweet the purple box and follow
Fomalhauer and follow robit
Doo-doo-doo-doo-doo. Let's give away another thousand. We've given away so much money so far. What's up sims? What's up sims?
I see you you're muted though. Let me uh, i'm gonna load the tweet right now. Boom. Boom. Boom. Are you doing it?
Oh, oh, there you go. So here it is one person robit from our boom. Boom. Boom. All right
Kick it baby hit it. Let's see who's winning that thousand dollars today on the show
Boom we're giving away another thousand dollars from tomorrow. We're doing two
$5,000 loot box spend so we may be giving away a fucked ton of money tomorrow as well. Let's begin that draw
The winner is add the line
Underscore oh add a line. Oh, are you in the twitter spaces? You have to be on twitter spaces with us to win a thousand
On twitter spaces with us if if you're not
Then you are not eligible to win. We know there's a little lag with twitter space
So we'll give it a few seconds. So make sure that you're requesting
to speak if you're on there
If you're on there add a line underscore. Oh, dude, I I sims I
Hold on add the line. Oh, is that someone real? Let's see underscore. Oh, oh
No, they did not request they retweeted
Uh, there's nothing there. So sims, I mean
Sounds like a redraw to me
Sounds like a redraw right ovie sounds like a redraw
I think if we don't get them up we have to redraw. Yeah, we have to redraw
We have a rule you have to be in the twitter spaces
To be here with us because our goal is we just want to give money to people who listen to the show
That's just being really straight up here. So we draw baby redraw another chance. Oh
Oh, no, he's here. Sorry. Sorry. Sorry. He pulled up. He pulled up add a line pulled up
I he pulled up he pulled up. Let me bring him up. Let me bring him up. Let me bring him up
He did pull up, you know fair and square. He is in the toilet. Maybe he was on youtube
Let's see. I brought him up. So he's for sure here sims
So we could stop sharing. He's for sure in the twitter spaces right now. Adeline. What's up?
Well, he's here so we can message him
At least we know he's not fake
At least we know he's here with us Adeline congratulations
You win a thousand dollars makes you have a real bid account and you will get credited today. Uh, we have um credited
Everyone from friday. So you have received your nfts. You've received your cash
We're giving her a thousand dollars cash every single day on the show today on top of loot boxes. So tomorrow
When you guys come on at the end of the show, we'll figure out more time
Uh ovie and I seem to have the touch. So, um, you know, hopefully some big wins someone won 13k in cash last time
Uh, so tomorrow we're doing two spins in friday two more spins. Thanks to our show partners
I roll bit. So make sure you follow them. Make sure you follow ad from our f o m o h o you are Adeline
Thank you for coming up last minute. We're gonna have someone reach out to you from the show from our be careful
No signups. No links. No requests. No wallets. Nothing and with that
With that with that we'll see you tomorrow morning 10 30 a.m
Eastern standard time 7 30 a.m pacific standard time for the episode of fomo hour on rock radio. Let's