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THE DAILY ALPHA
Recorded: April 20, 2024 Duration: 2:17:21Space Recording
Full Transcription
I think it worked.
I think it worked.
Hello.
Hey, it worked.
Let's fucking go.
So, you know, we had the trouble with, like, how to invite me to co-host yesterday.
All I had to do is delete the app and reinstall it, and it looks to be working.
So, there we go.
Appreciate it.
Thanks.
I don't know.
I'll hit you up and see if I add another co-host here.
And if anybody wants to come up and co-host, feel free.
I don't know who's a normal here.
Slime, if you want to co-host.
That's cool.
I don't think Chief's going to be here.
He made his way to the end of the world, and there is no internet.
So, I don't think he's going to be here.
So, it's just me.
And you'll have to deal with me, which I know.
Jesus Christ.
The espresso?
Come on.
You guys.
I'm like the worst one up here.
The worst one in the TD.
I'm like the worst space host out of everybody.
But, what up, Kira?
What up, my guy?
Yo, what up?
Yo, I've been fighting so I can get better entry.
But, I need to figure out, like, what else I need entry into, bro.
You know, Saint has some Satoshi.
We're getting some Elsa right now.
But, like, what else do I buy, bro?
Like, you guys have to understand.
I'm going to do whatever I can to get a better entry.
I'm going to fud the shit out of anything.
Like, literally.
I think all the good stuff that came out was pre-mined.
So, you're going to have to wait for that to go live.
But, I personally think a lot of these memes are, like, old culture memes.
Like, these are people that deployed memes yesterday.
Or, people that have money and probably have been in Bitcoin.
I think the real good memes probably come when, you know, fees get lower.
And, like, the people that actually created this culture that just have a little bit of money
start coming in here and start creating tickers, personally.
So, I don't really think any of the good stuff is even out yet.
But, like, I think a lot of the good stuff has actually already been pre-mined.
But, I did get in, like, you know, I went on OrtyScan yesterday.
And, I was checking out, like, who got, you know, which runes.
And, you had Satoshi Nakamoto, which was in the top 10, which was 20% pre-mined.
Which, I was like, okay, it's top 10.
It will probably hold some kind of short-term narrative.
So, I'll get that one.
That turned out to go well.
I got Memonomics, which was another one that minted pretty fast.
I think that was the top 10 rune.
And, then I tried Elsa.
And, I mean, I bet a bunch of people have already heard the story where I was on OrtyScan.
And, I saw it pop up above Nakamoto.
And, I fast-gassed it at 56% minted.
I spent $340 with the fee.
And, I was too late to even get on that train and get that rune.
So, I missed Elsa.
And, then I went to Unisat.
And, it was $400.
And, I said, fuck it.
You know, I'm just going to wait until the morning.
I wake up.
And, 100,000 of those fucking Elsas are like $3,000.
So, literally fucking could have made like a fat bag yesterday in the first 12 hours of this if you just grabbed some Elsa.
But, I think a lot of that had to do with ChartFu tweeting it out, right?
Yeah, but, also, like, if the suggested gas is one price but 30% more, like, that's just the general rule I'm using right now with the V-Bytes.
Because, like, I hate getting fucking priced out, bro.
You know me, bro.
I will fight until I'm priced back in.
Dude, I mean, from BRC20s, typically at 56% you fast gas, you get it.
But, I mean, runes is a different animal.
And, I guess we're all learning here.
Typically, when it gets past 75% on BRC20s, you shouldn't do anything.
You should just let it go.
But, I thought 50% was early enough to put a fast gas.
I thought $340 was enough.
But, apparently, you had to maybe have, like, $500 to $600 in fees to get that.
And, I mean, that seems like a lot.
But, I mean, it's at $3,000 per that stack.
So, I mean, you could have made, I don't know how many X's that is.
But, that was probably the biggest X you could have got yesterday was just getting Elsa while it was inscribing.
But, yeah.
I mean, I don't even like the ticker that much.
The bug ticker is Elsa.
It just seems very, like, someone from ETH or somebody from ETH created this one.
I don't really think.
I mean, a lot of people were fighting it saying this was Machi.
This was Alex and Bark were shilling it.
And, then you saw ChartFu posted.
And, then you learned Elsa.
It was Hal Finney's dog.
So, I still think Elsa will hold, like, a top spot just based off the KOLs that were pumping it.
But, I mean, Hal Finney's dog might be the first one to go kind of viral.
I know that Leonidas has his.
But, this one, you know, first is first.
They haven't distributed their runes yet.
So, Elsa is leading the pack with the first dog meme point on runes as we speak with.
That was dope.
So, what up, Manny?
I mean, we talked earlier this morning.
I think we're kind of on the same page here.
A lot of people are going to get wrecked.
But, it doesn't mean that we are not going to have fun while we get wrecked.
I mean, you got me in the BRC20s.
You got me in the BRC20s.
And, you made a lot of money before the herd came.
So, the herd's already here.
But, like I said, you're more, like, take profits now and then buy when runes is dead phases, right?
Like, that's the optimal time to be buying runes is when everybody's saying it's a scam and there's no volume.
Similar to, like, where we were, like, last summer, right?
So, go ahead.
Yeah, man.
I just like buying underpriced attention.
That's just kind of where I've found my niche is, like, yeah, I can momentum trade this stuff.
It's pretty easy.
Like, you just buy and then, honestly, the only thing I'm bullish on right now is the Satoshi Nakamoto and the pre-mine runes, right?
Mostly the, like, the Promethean one.
I really like that.
We'll see kind of where everything else kind of lies.
But, a lot of people are going to get ragged.
There's going to be...
Dude, this is a whale's game, bro.
Like, this is what everyone's trying to think.
Like, they're smarter than the market.
I'm like, dude, you're playing against people who have way bigger backs than you.
So, I don't know.
That's just kind of where my head's at, right?
I don't know.
These people are convinced that I'm wrong.
But, we'll see in two weeks.
Yeah, I mean, who knows, right?
Like, people are taking victory laps like they know after 12.
hours of runes being launched.
Like, everybody's like, I'm so glad I traded my pre-runes.
I'm so glad this, like, let's slow to roll down a little bit, guys.
We don't know anything at this point.
Like, even Elsa and these ones that supposedly have some traction, in a week from now, they
could be completely no-shows.
So, let's stop trying to act like we've won something or, like, someone's right, someone's
wrong.
It's literally been open for less than 12 hours.
Let's pump the brakes and let the market decide stuff.
I don't think the market's decided anything in 12 hours of a launch of a protocol.
So, we're going to be patient.
And, I mean, look at Blast.
Blast was flooded to death.
And there are some winners still on Blast, you know?
So, you know, Pac-Moon.
There will be stuff to come out of this that will be, you know, the equivalent of Pac-Moon
on Blast where, you know, people, I can't believe I just made generational wealth off
this.
So, I mean, from my experience, like, what I've been telling people, I know it sounds cringe.
Just hold all this shit for the next six months, don't touch anything, and you'll probably
fucking, like, 99% of it will go to zero.
But there'll be that one or two coins or those three coins, which will be your generational
wealth.
I mean, look at Bonk as an example.
You got airdrop that last February.
If you didn't touch it for a whole year, what was it, like, $15,000, $20,000, maybe even
$30,000?
I don't know the exact equation of how much Bonk you got if you just didn't touch it for
nine months.
Everyone got, like, $100,000,000, and I think $100,000,000 at the peak was, like, $3,000,000
per, right?
Like, if you got, it depends on how many, some people got airdropped, like, a couple billion,
and that was, like, 35 bands at the top.
Yep.
So, it's going to be hard.
You know, obviously, people want to conserve capital and play these games, and people will
buy and sell.
But, like, for me, I'm trying to find the winners and just hold on to them.
Like, I think I'm probably going to hold on to this and not sell anything.
I know it's going to be bad.
But there will be something that rises from the ashes.
And I feel like I have a plan of just letting this shit eat until possibly, like, Bitcoin
Nashville is where I'm going to see where stuff happens and then collaborate with the
people that are in the know in Bitcoin and then come to a new, like, thesis after that.
So, I'm just probably maybe holding this stuff for the next three or four months and see
where it goes.
Are you going to Bitcoin Nashville?
Yeah.
Sorry to cut you off.
Yep.
Are you?
Maybe now.
Now that I know you're going.
Oh, dude.
Everybody's going.
It's going to be a good one, bro.
It's going to be...
I mean, I live in St. Louis.
It's literally a five-hour drive for me.
So, I'm going.
You should go, Manny.
Man, I want to meet you.
I mean, you did get me into this whole Bitcoin thing.
I mean, Manny was very, very early to BRC20s and was the one that kind of onboarded me
and walked me through it.
And now we're back with BRC's 2.0, which is RUNES.
So, just like, Manny's back.
It's full circle.
It's basically been almost a year since this has happened.
And that BRC20 trading that we did really set me up to have some success last night.
Like, it equated and it was pattern matched, like, perfectly with that.
Like, I've done this before.
I know how this works.
I understand the progress.
I understand how this meant.
So, if you fucked around with BRC20s last year, you had a little head start on everybody
else that, you know, got in this space during Bitcoin Puppets when only Ordinals was a thing
on Bitcoin.
Now, we have DeFi.
We have RUNES.
Now, we have Ordinals.
Now, the ecosystem is starting to develop into what, you know, what an ecosystem looks
like.
So, we're going to have lots of ways to make money.
And I think, you know, if you want to be risked off, like I said, just participate on some
of these protocols that are popping up.
Now, that RUNES are on Bitcoin, that's their way that they're going to airdrop you money,
just like on Ethereum, just like on Sol, just like on BASE, just like on Blast.
So, if you want a low risk, you don't want to waste all your money, you know, fighting
fees and trying to find the next Bitcoin, just participate on the protocols, the exchanges,
the DEXs.
They're going to reward you with RUNES in the future.
Maybe it's six months from now.
Maybe it's a year from now.
But, like, that's the safest way to not get burnt down and lose your money is just maybe
take a small stack of BTC or get some testnet BTC and participate on the testnets.
I mean, if you did that with Ethereum when it was first developed, you probably got airdropped
Uniswap.
You got airdropped so much shit.
So, like, do the same thing now that this Bitcoin ecosystem's getting developed it, too.
So, just a few pointers for me.
What up, Slime?
How you doing, bro?
GM, Jim, happy Saturday.
Happy having.
What a day yesterday.
Holy moly.
I just wanted to come up here and talk about three winners, one obvious, one not so obvious,
and the third little wild card here.
But we got to give props to Cyberkongs.
I mean, showing up late to the party, etching the second Rune.
I mean, you got to give it to them.
Absolutely killer team.
A little, another winner I thought that was pretty cool was, if you guys saw, Rune Doors
are absolutely flying.
Boy in Capital with Lobo the Wolfpup at number nine was a big winner, I think, in my eyes.
Super underrated team, kind of coming out of nowhere, etching that early Rune.
So, good for them.
If you look, Rune Doors absolutely exploded in the past, like, 12 hours due to that.
And the third winner, got to give it to Luminex.
Man, their Rune's mint yesterday was so clutch.
So, if you did not have a node and were using Luminex, that's a big W for anybody who did.
But I wanted to see, besides those mints, Espresso, that you were able to snag, what are you like right now?
What are you looking at?
And are you going to mint any of these late Runes that are going to be etched today on 420?
Oh, yeah.
Yeah.
I'm going to, you know, I'm on the truck.
And there isn't mobile.
I don't think there's mobile.
I'm not going to do mobile.
But this morning, I was, you know, went on Luminex, went to minting.
And, like, I think you guys can look at progress tabs.
But, like, something that's very important with BRC20 was how many holders there are.
Like, you can have something that's 90% minted out, but it has, like, 12 holders.
I don't think that you want to get into that, even though it's minting out, right?
So, finding a decent amount of holders at a point where you can get in is what I'm looking at.
And this morning, I saw, was it Bitcoin drugs or whatever?
It was, like, 17%.
I think it minted out.
But, yeah, I got into that this morning.
Saw that it had a nice amount of mints, nice holder base, and had a nice meme, Bitcoin drug money, you know, Silk Road.
It's, like, sort of Bitcoin culture.
I minted that.
So, right now, my bag is Nakamoto, Manomics, and Bitcoin drugs.
And, obviously, like, I tried Elsa yesterday and failed to get that.
So, that's kind of what I got into.
But, yeah, you know, when I get home and I'm able to sit down and start, you know, tracking what's minting and what's been, you know, etched since I've been on the truck, then I'll probably, you know, ape in.
But, you know, hopefully I can rely on some of you guys to lead me in that direction since I'm kind of blind today on the truck.
You know, I could pull up Ordi Scan and do it.
But, you know, I'm driving around.
I'm not going to sit here and detail this bitch out, you know, every 15 seconds.
But I was hoping maybe some of my friends can definitely send me some DMs and say, yo, check this one out.
This one looks to be, you know, this much minted.
It has this founder.
It's a good meme.
So, I'm hoping some of my friends and the TDA community can help me out when I get home and, like, steer me in the right direction a little bit.
So, what did you get into, Slime?
What all did you get into last night?
To be honest with you, man, I only got into Satoshi Nakamoto, thankfully, and Runestone Pups.
I think I jumped a gun on Runestone Pups, to be honest.
But it's looking decent right now for those two.
And then after that, I decided, I was like, let me chill out here because I had no business paying the fees that I was.
But I'm going to get into some things today, seeing what's left, maybe even picking up some ordinals.
But, yeah, that's what I got into.
I would love to hear.
I know Chief was on vacation.
I would love to hear if he just was staying on the sidelines or if he aped into something as well.
But what a fun day, man.
Epic.
I could barely sleep.
Glad to be part of it.
Much love, y'all.
Happy Saturday.
I'm going to switch down to listening.
Hope you have a good one, Espresso.
Appreciate it, Slime.
Yeah, I mean, once we get fees lower, this is going to be a lot less risk averse, right?
Because when fees are low, you're minting something that's basically free.
And you're maybe getting a $15 to $20 charge on it.
So that's where you're going to see the real winners when something's a free mint.
Plus, it only costs you $2 to basically just inscribe it or transfer it into your wallet.
Those are where the real winners are.
But vBytes are so high, you're basically just spending the majority of your money on the gas.
And then the rune is free itself.
And then, obviously, that gas price you pay kind of creates some kind of floor to the rune itself on secondary.
So that's something, you know, I'm very interested in seeing when fees go down and this stuff is like literally two to three bucks to, you know, to buy, like which ones are actually the ones that kind of go viral and create a community.
And like you get the DJs and the people that don't have a lot of money into like right now, a lot of the people that don't have a lot of spare change are kind of priced out and aren't sitting here trying to get in.
So when you want this, you want this mass adoption and you want this shit to go viral, you need the people that have that have very little money that they put.
Basically, this is their lottery ticket, you know, and when that is their only lottery ticket, they're more susceptible to shill the fuck out of it.
And like I feel like once we get these these fees a little bit lower, we'll start getting the people that have like two or three lottery tickets.
And this is all they can do is pump their bags and and work for their bags.
That's when we're going to start seeing these like are these runes start to go viral.
But right now it's kind of like a lot of people that have had money that have been prepared are the one that buying these and telling everybody else what's what's big.
That's typically not how meme coins work is from the top down.
It's typically from the bottom up where it's grassroots people, they form a community around it.
And then eventually the culture are the KOLs, the top people eventually recognize it.
They fund it or then they adopt it and then they show up themselves.
So I'm waiting for like the people that are here and and are participating because it's too expensive or too risky to finally jump on board and start getting some of these.
So they have some skin in the game so they can start getting on the timeline, start showing this because ultimately these are just meme coins.
And how do you get meme coins to go viral is you peer pressure your friends to buy your bags or buy higher than you did.
So it's all just a game of peer pressure, having people buy, having KOLs pump their bags.
So like once that starts happening, everybody gets comfortable, you're probably going to start seeing this stuff go a little more parabolic.
But also something that hasn't happened with BRC 20s is, you know, listings on central centralized exchanges could ultimately front run the the pores are the people that don't have a lot of Satoshis.
I mean, we have already had one Satoshi Nakamoto be listed on Gate.io.
That's going to pump the price.
You could probably see more of these roll out before anybody gets an exposure of centralized exchange listings.
And then that kind of prices people out of maybe the top runes.
So that was one dynamic we didn't have on BRC 20s was actually centralized exchange listings.
Those are coming pretty fast right out the gate.
So that might, you know, if you didn't pay to play, that could be like a con for just sitting out is some of this stuff might get these listings early and might get pumped to Valhalla before you can even get some exposure.
So that's one dynamic that I think is different from kind of the BRC 20s last year.
But what up, Flame?
How you doing, bro?
I'm good, thanks.
Yeah, last night was wild.
I'm just up here to FUD a few tickers.
I'm up here to FUD the Hal Finneying.
I'm up here to FUD Tuker Carlson.
Oh, they went on it, bro?
They got Tuker?
Fuck.
And I'm up here to FUD Butterfingers.
I minted all three of those.
I'm FUDing all my bags.
Those are like our plays, bro.
I created those.
Those are my ideas, bro.
I know.
That's why I held some back for the TDA.
Like, whatever happens with those, I kept supply.
Hal Finney wasn't me.
Hal Finney wasn't me, right?
But Butterfingers was the dog we were going to name, the name that we're going to send to Casey's front door from PetSmart.
We're going to call it Butterfingers and then get a picture taken by the person delivering and then just run with that, that he has a dog named Butterfingers.
So that was me and Eddie's idea.
But also, Tuker Carlson was one because of that meme on Solana, which is funny as fuck.
It's 13 letters, and I called that out the other day.
So someone already inscribed that one or etched that one.
That's funny.
I inscribed both of those, and I held back supply, and TDA wants to help me figure out how to just do a fair distribution of that.
I didn't keep it to hoard it.
I don't know if we want to even get a lot.
I don't even know if we want to get into fucking that drill.
Yeah, I saw you mentioned that, Flayne.
I saw you had a lot of it, too.
So I don't know if I have to talk to Chiefo about that, how we can even give that out to people and not be costly for you.
So if you want to, we can figure it out for sure.
Yeah, for sure.
What else is the people excited about?
I know like people, you know, like Casey's mom's got it going on.
That one went crazy.
World Order.
Yeah, the Anarchy one.
I feel like those three are kind of the ones that started off the day after Satoshi and Elsa.
Yeah, like I was kind of flying blind when I was minting stuff.
I was just doing it for fun and getting caught up in the moment.
But like what I would recommend to people, if you're going to mint stuff for the culture, like definitely don't hold back a bunch of supply.
Like one or two percent is plenty because otherwise you're going to be where I'm at and trying to figure out how to like do a free and fair distribution
of all that hold back.
So just FYI.
Yeah, that was something that people were fudging right off the back was like the pre-mines and stuff.
And that's a lot of people, you know, fucking Leo goes right on Twitter and fuds fucking pre-mine instantly right off the bat.
I'm like, bro, chill the fuck out with the fud for fucking 24 hours.
My guy like Satoshi Nakamoto, he was fudding that instantly.
And then like obviously that got listed on Gate.io and then like Leo is now fudding people out of bags once again.
I'm like, bro, like stop telling people what the fucking do in the first 12 hours of runes.
Please don't get don't give your fucking opinion.
If you're biased on certain one, if you hate Leo fucking don't talk about it.
Just try to be as unbiased as possible when we're talking about this stuff.
And like, let's be open minded.
Who knows what's going to pump?
So the fact that you're going to throw your your nuts on the table and say this isn't going to work or this is fucking horrible.
You're just going to be that's not going to age well.
And like it already didn't age well for Leo yesterday telling everybody not to miss Satoshi Nakamoto because it was pre-mine, bro.
Like that was bad.
So like, let's be let's try to be open minded.
Let's try to be open to tickers.
Yeah, maybe a ticker isn't for you, but it doesn't mean that it won't do well.
Right.
So that's kind of how I'm feeling when he can afford to fucking send us our runes.
I'll take him seriously.
Yeah.
I mean, Chris, you got involved yesterday.
You were rune number 96.
So congratulations on was it intergalactic?
It's a nice ticker, bro.
I like that ticker.
It's better than the ticker is IMSO or whatever you were going to fucking do.
So what's up, Chris?
Are you just going to hold your hand up and be paralyzed?
Like, fuck.
Here it is.
Here it is.
Bro, I have been waiting so fucking long to be able to play this song behind all my promos and all my intros.
You have no idea.
Brother, intergalactic was the name three months ago when I decided.
The moment I found out it was 13 digits, I started counting in my head.
I said, I-N-T.
Holy shit!
The first acronym of the intergalactic monkey space odyssey gets to be our rune name?
All right, motherfuckers.
You don't say a word to nobody.
Only three people knew the ticker name this entire fucking time.
How sick is that?
You know I am the worst, bro.
I share everything.
Like, we are too transparent inside our community.
Probably hurts our price action.
We should lie more.
You know what I'm saying?
But, like, dude, that was tough.
You know how many times I wanted to use the intergalactic song?
Did you have to have people sign an NDA?
I just know I can trust those couple people.
So, how did, uh, you said you were talking to a bunch of Asian whales or people in Asia yesterday
that this was going to be their very first exposure to the runes.
How did they perceive this last night when it went live?
Was this something that they were overwhelmed?
Was this something they were excited about?
Like, I mean, did you, had you talked to them since this went live yesterday?
A guy at the head of a $150 million fund met Bartaz in Dubai and sent me a DM last night
with a picture of him and Bartaz and said, which is the guy who runs Cube Exchange, said,
Hey, Chris, just met Bart.
Me and you need to talk.
Okay.
All right.
I'll talk to you, sir.
Uh, so nah, dude, it's looking really fucking good.
And those guys are on the, uh, in Asia, basically from Taiwan and China.
So I'm very excited.
I don't know.
I don't know what their plans are and I don't know how they plan to promote or, or reach the
demographic with this, uh, with this link, but Cube Exchange is going to make it incredibly
easy for a lot of my, uh, current demographic.
Other than the U S citizens, but we'll, you know, sorry guys, but magic Eden is taking
their time.
So when magic Eden is open, we will obviously be traded on magic Eden to make it easier on
all of you.
Technically, when you receive your tokens, will you be able to use Unisat?
Sure.
If you want, but Unisat that, I mean, that's just the shittiest way to trade any of this
stuff.
So I'm not even mentioning it, you know, like I'm not even recommending people buy the token
through Unisat or list through Unisat when you can just use cube and within a couple
of days you can use magic Eden, which gives us time to put everything in place with our
market makers and, uh, you know, our, so we have a whole go to market strategy and we've
only produced a little bit of content for that so far, like, uh, the media articles and
stuff in China.
So now we actually have to activate the KOLs and, uh, start pushing the narrative.
But in order to do that, you need a place for them to easily access the token.
So we get set up with cube who's testing their AMM for us right now, and then we can progress
from there.
You know what I mean?
Yeah.
Is it is, are these AMMs going to be different than what like we've experienced on Unisat?
Is it going to be different?
Like UI, is it a different way to trade or is it all kind of the same?
It'll feel like an order book.
It'll feel like an OKEx or something like that, but it won't be fully decent, uh, fully
centralized like OKEx is because they have really intelligent technology where basically
they have their own fork of the Solana blockchain that their platform runs on.
But its purpose is to communicate with the Solana blockchain and other blockchains.
So it communicates between Solana and Bitcoin right now.
So when a transaction is like started on Bitcoin, that data gets recorded through the,
uh, blockchain and then the transaction gets settled immediately on the exchange.
And the only stipulation is you basically have to wait until the next block clears to
withdraw your funds.
So it's like, it's about as fast and efficient as anything could possibly be, you know?
And most exchanges don't like, if you send money to an exchange, you can wash the money,
right?
And immediately withdraw.
With runes, you'll have to wait until the next block is found to have your balances updated
on your ledgers, but that's because it's all happening on chain.
You know what I'm saying?
So it's super impressive.
I'm going to have to mute a little bit longer just because I don't have a co-host, um, to
run.
But I mean, did you get into anything yesterday that's, that we haven't talked about?
Like, was there anything, runes or anything that you, that you inscribed or whatever bought
yesterday?
I, dude, I'm not going to lie.
I, I, I, I saw the ticker is Elsa and I thought it was a Disney play.
Yeah, me too.
Me too.
Dude, I thought it was a Disney play, but I still thought like, okay, well, who, I mean,
I'll just grab some because I saw it on the timeline or whatever.
And then by the time the mint was pretty much finished, I saw fucking, it's Hal Finney's
dog from his obituary.
I was like, holy shit.
So then I had to buy some off Unisac because I felt underexposed, bro.
That's a billion dollar market cap.
Like, I don't know how long it takes for that thing to get to a billion dollars.
Are you fucking kidding me?
Who's the fucking brilliant dude?
Who even knows that?
Like who even knows that Hal Finney had this dog that was like his best friend and companion
for the remaining days of his life.
And before Disney frozen, this dog's name is Elsa, right?
So it's like, okay, that's a really convoluted situation for a moment.
But once it became clear to me, I got, I'm so fucking bullish on that.
And I'm also looking for like different tickers today.
You know what I'm saying?
But the truth is we've got a lot to focus on with intergalactic.
And I mean, guys, I have a lot of confidence in where we're going.
So I, I do have to prioritize that.
So my alpha might be a little shitty over the next few days, but I'm telling you, I've
got a lot of faith in the, I mean, I spent over 10 grand on the ticker as Elsa.
Like if that, you know, if any of you are feeling like pussies or whatever, I feel really
I fucking hate myself.
I woke up this morning fucking so depressed.
I was like, dude, I was sitting there before I went to bed.
Should I buy this Elsa for $400?
It was just being undercut the fucking shit.
I'm like, dude, I'll wake up tomorrow.
I'll buy this for like 300 bucks or it'll be here at four.
And I wake up fucking a hundred thousand stack of Elsa's $3,000.
I'm like, fuck my life.
This is what you get, bro.
It's going higher.
It's going so much fucking higher.
I know.
That's why I just feel kind of priced out right now.
I'm hoping for some kind of retracement.
I like it's going to continue to go higher and higher and higher.
Order books are better because like with Unisat, you're just at the will of what a
lazy person is willing to sell you.
But like with the order books on Magic Eden or Cube, it'll be a lot easier to just spend
a hundred bucks.
Like if you're like, fuck, I don't want to drop 3K because I feel priced out, but I want
some exposure.
You should be able to spend hundreds of dollars or a thousand dollars and get the amount of
tokens you want on Unisat.
You just can't do that.
So I really hate that style of trading for runes because it is not what a rune was built
for.
Runes were not built to have the same rudimentary, prehistoric fucking caveman style.
You can't corner boy these, can we?
Like we do with BRC20s where if we did get a hundred thousand, we can break them down
into like tens.
Can you do that with runes?
Easy, without creating new experiences.
That's what I'm saying.
We need people to understand that because no way anybody's buying these hundred thousand
packs for $3,000.
I'll buy like a-
You just need the will of a bunch of lazy motherfuckers.
I know they don't understand how to corner boy it yet.
And I'm just like, dude, these are prices are ridiculous.
If give me like a hundred for like 500 bucks or something, like at least now I got some
exposure.
Like no one, no one understands how to break these down into smaller packs that make it
easier for people that just want to get the skin in the game to buy some.
Like when all the packs are a hundred K, a hundred K and they're all $3,000, you're going
to not get people in the digit or to have a lot of money, not get in.
So like corner boring these down to 200, 200 per pack and charging them 300 bucks per,
like that's going to get a lot more people exposure.
But I think we need to have a lesson on how to do that.
Cause, uh, I used to realize Elsa was like the first dog ticker that had a full mint with
zero pre mine.
Also, it's like, come on, dude.
Like I'm down.
I'm so bullish now that I know.
Listen guys, I just found out right before I went to sleep.
It was how Finney's dog.
Okay.
So I'm like, I just woke up boy.
It's fucked, dude.
I was like, yo, you woke up because you looked at Unisat.
You're like, yeah, I'm bullish, but I didn't even know it was three cents.
Like you said, I didn't even know that, but I do know Unisat sucks ass.
I had no idea what that I don't care.
Dude, listen, listen, I might, I might get my money back at 10 cents.
I missed with, and I missed boom and whatever the handful of other randos that went to a billion
Pepe, right?
I'm not missing Elsa, dog.
I am not missing Elsa.
Like from what I can see, this motherfucker still has another 97 cents to go.
So I'm just chilling, dude.
I wish they had some to tweet it.
It's the next Shiba Inu and then we'll be good.
But we already have the Bitcoin Maxis bitching and complaining on the timeline.
It didn't take very long.
It didn't take less than 24.
Vinny Lingam from Civic.
Forget coffee.
I can't even use Bitcoin to pay for dinner right now.
Yes, that's $144 fee.
Send it to 100.
Like this guy is a fucking.
We should all respond to him.
If you were a miner, you'd be able to afford it.
Dude, this dude's, I mean, I'm not going to get into Vinny, but I think he has enough money
to fucking pay for a fee, bro.
Like the dude acts like he's like a poor.
Like the dude's fucking launched 16,000 projects.
Bro, we have ammo against Maxis now.
We paid over a million dollars in fees to miners during the halving.
Every Maxi can suck our dick, dude.
Maxis have never produced that sort of value on Bitcoin in their fucking lives.
They couldn't even dream of providing that much value back to the miners in a single evening.
Go fuck yourself.
Like who?
Like these people that what Bitcoin isn't a currency.
It's digital gold.
Remember, like you don't spend your digital gold.
So why do you care that the transaction fees are so high?
Aren't you just supposed to be hodling this?
So don't give me that fucking shit.
You guys fucking.
And this is the best thing about ordinals and runes.
It's not even used as part of the marketing for Bitcoin.
And it's obviously the funnest thing that ever happened to Bitcoin in the history of fucking Bitcoin.
So wait till the Maxis start using this as fodder to market Bitcoin.
Dude, price is getting so much higher.
It's not priced in.
Ordinals isn't priced into the Bitcoin price at all because no one even none of the people that have been bullish on Bitcoin are even using this to onboard anybody.
And this is the biggest onboarding vehicle that Bitcoin has ever had.
So it's not priced in at all.
And yeah, it's not priced in.
And then obviously I have bookmarks here.
Obviously I got bookmarks today.
Let's fucking go.
There is some confusion with the very first rune that was inscribed.
Like the Z, Z, Z, Z, Z.
The verbs.
Like whatever that fucking means.
Sounds like the vibrator.
It sounds like the vibrator is going off in my drawer.
But there appears to be two Twitter handles that are like debating with each other.
So I put the very first one that found this morning that has 3.6 followers.
They added a.
They had something they announced seven hours ago.
There is another project with a similar name.
That's Deliberty trying to mislead people into thinking they are behind the number one ID rune.
We inscribed a message from the address holding FEHU pre-mined soon.
So, and then there's a other one that is saying, that's been around for a lot longer,
that's saying they're number one and they're going to airdrop this to Rune holders.
And that was, they took a snapshot on the 23rd.
So there is some confusion.
And here, I'll pin up the next, the one that is, these are the two that are in the Butte.
So you have FEHU layer is the one that has 16K that is basically telling people,
that they're the ones that mine this.
And then you have the new one that has 3K, which I just pinned up before this is Rune, F-E-H-U,
is saying they're the real ones.
So I don't know, we need to maybe sit on our hands a little bit before we come to the conclusion
of like, who's behind this.
But yeah, the very one, the Rune that went number one, I don't know who's behind it.
But there is some fud on the timeline of which Twitter handles the real Twitter handle.
So Twitter handle.
Man, fuck them both.
It's not a meme.
Their ticker sucks.
And they are fucking trash, dude.
Fuck that.
The ticker is Elsa.
Like, fuck FEHU.
Fuck it.
Like, yo, fuck.
Okay.
And I am not going to say what I was about to say on a public space.
Never mind.
That FEHU layer.
I almost got St. Louis on him for a second, Expresso.
But I'm going to just shut the fuck up.
That FEHU layer came out today.
I don't know if you saw it.
But they basically blamed the intern that he went on a kind of like a parade last night saying that they etched the first ticker.
And then they basically had to, like, retract it.
So I'm going to put it up to the top.
But it seems like it's the other one.
The Rune FEHU that did it.
Is it the layer one or the Rune one is the real one?
I think it's the Rune one.
Yeah.
That's what I'm saying.
The FEHU layer started bullposting that they etched the first ticker.
And then this morning they did a whole thread apologizing.
They blamed it on the person running the Twitter.
All this type of throwing them under the bus.
So, yeah.
If you're trying to follow the first one, it's the first one that X pinned to the top, the Rune one.
Yep.
So that first Rune isn't getting distributed to Rune holders.
Because that was the very first one had something that they said that we took a snapshot.
People that own R6 and Rune stones are going to get airdropped this.
And I was like, bullish, bro.
Let's fucking go get the number one.
But that's all been washed out.
And not to be true, they aren't the first one.
This other one's the first one.
So I guess there will be derivative of the first one that sends derivative runes of the zzzz
to Rune stone holders and R6 holders.
So I guess check that one out.
And maybe you can scam a few people and say this is the real one.
And buy it.
I don't know.
But, yep, there you go.
There's already drama.
The first is first, right?
So who would have saw it coming?
What up, Doc?
Yeah, I'm going to offer up a contrarian view on this one.
Like, everything you said is dead on.
The FIHU layer came out, said the wrong thing, whatever.
It's not getting airdropped.
But the way the tokenomics are set up with this FIHU layer, whatever, I don't even know
how to pronounce it.
The ticker is so bad.
It's good.
99.9% of the 110 million or 111.1 million tokens have been already pre-mined.
There's only like a million 100 left over.
So whoever that wallet is that owns 99.9%, they're not going to hold on to that 99.9%.
So the ones that mint the 1.1 million, are they going to get airdropped what that one
wallet has?
Is this like a pre-sale?
Like, I feel like people are fudding on it because they thought it was a pre-roon and there
was no need to mint it.
They already thought it was minted out, but it really wasn't.
So I don't know, man.
It's like a Trojan horse.
People are talking about it.
So I don't know, man.
It's intriguing to me.
I just keep on watching it, just trying to figure it out.
But there's going to be a ton more mints.
There's still like a million mints, and you can only mint one at a pop.
I think it's like 20 max if you pre-split.
So I don't know.
I'm going to keep watching it.
I'm not ready to fade it.
That's for sure.
Yeah, me neither.
I'm like, it's the first one.
And so I was like, it's going to have some kind of narrative shilled on it.
I don't know.
Just a bunch of confusing going on right now.
Did you get anything last night, Doc?
Or you just kind of sat on your hands?
Did you mint anything?
Yeah, I got the Satoshi.
And I didn't get the economics one, which I'm a little ticked off about.
I got Bitcoin World Order.
I got a little bit of this number one token, the FEHU.
I hate the name.
I like Bitcoin World Order.
Bitcoin New World Order is a pretty good one.
I like that one.
But yeah, and here's my question.
I got a little Bitcoin.
Do I go Prometheans or do I go after Elsa?
That's a tough one, man.
I mean, I think the pre-mines are being faded right now, but those are the best teams.
Those are the ones that put their money out, that's going to airdrop this stuff.
I mean, the Elsa team's anonymous.
Who would you rather bet on?
A team that you know that's been around the block like the Kongs or someone that you don't know?
I don't know.
The only thing why Elsa's pumping is because KOL's talked about it.
So I'd rather β if I'm going to put my money down, I guess I'd rather put it down on Cyber Kongs.
That's just me, but everybody has their own opinion.
Everybody can do whatever the fuck they want, but that's just my opinion, what I would do.
Yeah, Chris's passion is the only thing that's kind of β
Because he's up.
Because he's up.
He's excited.
You ever hear him when it's trades?
Oh, I didn't even know.
He's so fucked up.
He's like, dude, I put a 15X leverage on his chain link.
Oh, my β like, you just hear it in his voice.
He's so excited.
He's up, and he's just lost all, like, cognizant β what is it?
Like, you're so β you're such a bag holder.
You can be cognizant.
Those are baby.
Those are baby numbers.
15X, bro.
Why would I even bother?
Oh, sorry.
100X.
My bad.
Jesus Christ.
But, yeah, man, it's been a crazy night.
And, obviously, all the motherfucking Maxis were just so fucking pissed.
I keep rolling into β like, I have alpha people I listen to, and now they're talking about runes, but they're so mad that the fees are so high.
And I'm just, like, sitting here laughing.
I was at Kim.com.
I just heard about a conference call between major Bitcoin miners.
They don't like Bitcoin layer twos, and where BTC is heading, they consider shifting to BHC because BTC was hijacked.
Obviously, Bitcoin after is a better user experience and upside potential.
So, these motherfuckers are even capitulating, like, we're going to move to Bitcoin cash.
I'm like, go the fuckhead, Kim.com.
That's never going to happen.
I know.
These people are insane, dude.
But, yeah, we got β here's some stuff I found.
We have dick butt runes.
I don't know if this is the dick butt team, but we got extremely lucky and minted dick butt runes.
It's in the very, you know, 540,000 block.
All supply has been pre-minted and would be distributing them on dick butt, crypto punks in a T, me bits, and forgotten runes in other OG communities.
Like, retweet, and share.
So, the dick butts motherfuckers are coming.
I don't know if it's the official dick butts team, but it looks like they were able to mint yesterday.
I think that's the only one I found yesterday.
So, that was dope.
Gambler, what did you get into last night, man?
What's good, X?
Nothing, man.
I'm just feeling grateful right now because I feel like I did a good job to prepare myself in the weeks leading up to this.
I haven't been participating in the purchasing of these runes as they go live.
I'm happy sitting on my gold rune pup and my Prometheans.
Shout out TDA for that crazy airdrop.
It's ridiculous.
And everybody else who came up.
But, yeah, I'm sitting on my Prometheans, sitting on my rune pup, happy to get my aloe.
I'm personally confident that at least Pups is going to make it to Binance.
So, I got a very simple plan of, like, you know, looking to take some profits maybe when that announcement drops.
And then Prometheans.
I just love everything I've seen come out of CyberCon.
So, I put my hand up because I just wanted to respond to Doc.
I mean, I'm just a cartoon JPEG on the internet.
But, you know, between those two choices, I think Tiny Vikings is looking like a really solid buy right here, too.
They're under .01.
I still don't hold any, so that can either be bullish.
That's probably bullish for your bags.
But they're sitting under .01, led by Alpha San.
You know, we've been talking about them here on TDA for weeks now.
And they're not going anywhere.
And also, as much as I like Prometheans, like, all the hype is on Prometheans right now.
So, and then Elsa, I just feel like Elsa is a completely different play.
So, I don't know.
Like, that's kind of apples and oranges.
But I like the Tiny Vikings here.
Well, already got three of them and might pick up a couple more.
Yeah, like, obviously, you know, no one's buying ordinals right now.
So, it's a lot easier just to list and list and list.
It doesn't cost you that much, I don't think.
So, yeah, floor prices are going to drop a lot quicker because no one's buying.
And I don't think there's, like, a fee that you have to pay once you've listed to continue to list.
So, the prices are going to continue to go down.
And maybe, you know, the pre-mining meta kind of, like, fell because everybody's trying to find liquid to get into these ones that are minting right now.
So, I think, you know, maybe over the weekend we'll see a nice bleed on these pre-runes.
And then just scooping them up and then waiting for those to be airdropped.
I mean, these teams have put money on the table, have airdropped this stuff, have, you know, even the Kongs have inscribed, like, the sixth largest file.
So, like, I'm, like, those teams are docs.
Those teams have shown that they want to be here and continue to build and actually put the money to get, like, the first 10 of them.
So, those, you know, like, we can't fade that even though that the pre-miners are going down.
Like, those teams are very established.
And I think those will be good pickups, personally.
So, that's how I'm feeling about it.
But I'm blessed.
Probably in the Discord all night hanging out with the D-Gens.
But you get anything, my guy?
Yeah, I mean, I did.
I was in the Discord for a couple hours just hanging out.
But most of the time, I was, like, by myself.
Just kind of, I was going to lock in in person with a couple people.
But I ended up just staying in my house and just doing it myself.
You know, that was an experience.
And, yeah, I got some Satoshi.
I was, uh, oh, there's, like, a random one that's, like, a big, big supply.
Yeah, like, there's something that I was, like, listening to ZK say, saying, like, something about big supplies the other day.
And I was, like, okay.
I started looking for some of them.
And a massive, massive pile of shit is, uh, you know, it's a little bit more abrasive.
Like, people, you know, it's kind of, like, a gnarly, like, thing.
It's not, like, PG.
So, you know, it might not be, like, the craziest.
But it's, you know, sometimes Bitcoin, you know, you need to be a little crazy.
You need to be a little bit, you know, outside of just, like, normal PG, like, stuff.
So, massive pile of shit is, like, one of my, like, sleepers.
And, um, what else?
Uh, AI Etched This Ruin is another interesting one.
And then, um, I have, like, another.
I have, like, actually an interesting play.
So, I was working with this team and, like, advising them and helping them a lot.
And it's, like, um, it's, uh, it's a project that is pretty much a solo NFT that you can
stake for points and then burn and then get a Ruin later.
So, it's, um, pretty much, I, I got annoyed at people, uh, kind of, uh, telling me, like,
yo, like, last minute, how can I get into Ruin?
Like, can you teach me about Bitcoin?
I was, like, bro, they hit me up, like, yesterday, last week.
Last, you know, like, dude, super last minute.
Like, bro, like, there's no way I can onboard all these fucking people.
So, I, I kind of, you know, there's this team I started talking to and I kind of, you know,
made, made sure, like, they did everything right.
And, um, they're, like, an Ornos and Soul team.
So, it's kind of cool.
So, I, uh, I started just sending people their way, you know, because I, I respect anybody
trying to onboard anybody.
Uh, what's the name, bro?
Yeah, yeah.
Pin it up to the top.
I know what you're talking about, but yeah, pin it up so people can follow around.
Don't feel, don't feel like you're shilling or anything.
This is, you know, you've obviously been working with them.
So, you have some, I don't think you would lead people in a, fuck, to a dead end.
So, what's the name of the project?
Yeah, it's called, it's Blood for Ruins.
It's kind of, uh, that's why I got some blood for you.
Oh, I know that one, bro.
I know that one.
I followed that.
It was an up-and-coming project.
I followed it the other day and I saw a bunch of people following it.
I was like, this might be something, bro.
So, I think it's, um, pretty much, like, my, so, like, the over and under for me,
it's, like, if people don't know, like, about, like, Ruins or, like, Ornals or Xverse,
anything, like, that has to do with, like, that has to do with Bitcoin right now,
it's kind of, like, me onboarding them.
Yeah, I'm a little busy, you know?
And then, like, I know a lot of my friends are busy.
Like, they're already, the people that I know, they're going to fucking kill it.
So, I'm kind of sending people this way because they're going to be kind of, like,
an onboarding team to Ruins and Ornals.
And to me, that's, like, you know, that's, like, a path that's, like, pretty good.
And, uh, also, like, for a trader's aspect, if you're staking this and there's, like,
a dox and everything, if you're staking this and you can trade it around on Seoul, it's,
like, I feel like it would be kind of, like, a good play to, like, some people are not going
to burn it and they're just going to keep trading it on Seoul because the fees are going
to be so high.
Like, they're going to feel like, oh, I'd rather trade this, keep trading on Seoul than, like,
go on to, like, you know, Bitcoin Ornals.
And honestly, for me, like, the play is to get everybody onboarded to Ornals and, like,
have them learn.
But I'm not going to force people to, uh, to learn so much.
Like, out of nowhere, like, I want to ease people into it, especially the new people.
And this is something they're familiar with.
So, uh, that's kind of, like, what I've worked with the team on.
And I've definitely, uh, definitely liked the actual NFTs that they made for this.
It's, like, weapons.
It's, like, actual something different.
Not just, like, a rock.
You know, it's, like, 3D weapons, like, you'd play around with.
So, obviously, uh, I suggested that because I'm a 3D guy.
So, I like it.
I like what they did.
Now it's all making sense.
It's all making sense now.
But, yeah, I think, you know, I had some people yesterday that hit me up.
I want to learn about runes.
I want to learn about runes.
Now it's basically telling the easiest way to get exposure to the runes is just by one of these
pre-minors, you know, just, like, you don't need to learn how to snipe.
You don't need to learn anything else, how fees work.
Sorry, there's a bunch of fucking motorcycles that are right here doing wheelies.
So, let me, uh.
You're good.
You want to meet?
Yeah, I'll pull out my earpad.
Oh, they just left.
Sorry, you guys.
It's, like, I guess it's one of those, uh, those weekends where they have, like, the marathons.
Where, like, all the motorcycle, um, cyclists, people all meet at a certain spot, and then
they ride down the highway for, like, you know, 40 miles without, like, doing wheelies
on the highway and shit.
I think that's today.
So, they just rolled by me.
But, uh, I've been just telling them to get people into pre-runes.
You don't have to do anything.
You just sit, wait, and wait for your airdrop.
So, that's kind of when people came in yesterday.
I was just, you know, I have this much Bitcoin, and I just went to pre-runes tab.
So, I'm like, all right, you know, I am also champions, .02.
You can do tiny Vikings at .01.
If you want to get a little more expensive at the time, you know, Prometheus at .03.
Those are kind of where my picks yesterday.
If you were just getting in the runes, buy those, sit back, and relax, and wait for your
airdrop.
Those are dedicated teams that have been here for a while.
So, that's what I did.
But, what do you do once you've, um, you get the airdrop?
Like, does it immediately go in the tank, and you got to sell it, like, right after the
airdrop?
Is it going to be, like, a timing thing?
I mean, I think it was probably, like, the price of the rune, like, we'll just say Prometheans
are .03.
I would imagine when they airdropped the token, the token would probably be .03 worth of the
rune.
So, like, I think that's kind of how, like, you would probably say it was, you got 10k.
Like, to say the pups is 10k.
I would imagine when they airdropped you the token, like, it would equate to 10k worth of
that.
So, I don't think, and then the pre-rune would probably, if there was no plans for the
pre-rune, the pre-rune would probably go to zero, and then that value will move from the
pre-rune to actually the rune itself.
So, I mean, R6 kind of saw that yesterday, but they do have plans with Season 2.
R6 sold off heavily because, you know, the rune isn't doing anything anymore.
And I think a lot, once the value gets extracted and the runes, that's basically an IOU, gets
distributed to the wallets.
That rune will go to zero, and then that value will basically be in the runes itself.
So, that's kind of how I think it works.
Yeah, no, I agree.
But with the rune stone, with them dropping the three, you know, it's kind of like, you
wait for the second one, and then the third one doesn't come out until the first one gets
to all-time, or to be number one.
I don't know, man.
Yep.
It's like the Solana phone, right?
Like, when the Solana phone was giving people bonk, you had to go on eBay, and it was like
$1,500, but now that nobody's getting any more meme coins for a Solana phone, you can
now go on eBay and get it for $500.
So, the value of the coins is going to determine the value of the rune stone, and that's kind
of the battle you're playing here.
Should I sell it after the first meme coin?
Should I sell it before the meme coins?
I mean, it's kind of like restaking, right, a little bit.
Like, when should I pull my money out of this restaking protocol because they're not
airdropping me any more value.
So, that's kind of going to be the play in determining how rune stone reacts.
If Dog comes out and it's a billion-dollar market cap, then people probably have a little
more patience of holding the rune stone waiting for number two.
And if the number two comes out to be a flop, then probably people will sell.
But if it comes out number two, then people will probably wait a little longer for number
three.
So, it just really comes out.
And, I mean, these are meme coins.
So, typically, you know, anything that has hype in this space typically doesn't come out
as it went.
That's why everybody, the monikers buy the rumor, sell the news.
There's anything here in the space that comes out that hype is pretty much just vaporware
and it never lives up to the expectation that the crowd has.
So, my bet would probably be, if you want to get the max extraction of your rune, is probably
sell before Dog gets airdropped to you.
But, I mean, that could be a mistake.
Maybe Dog does have a billion-dollar market cap and it does flip fucking Dog with Hat.
I don't know.
But, you know, that value will eventually just be in the rune.
But then the rune stone will, I think the rune stone itself will be cut in half once
Dog gets.
So, I think every time, there's three meme coins that have to come out of rune stone.
I think the first one will come out, it will get cut in one-third of half of the price
of rune stone.
And then the second rune will come out, then the price will get cut in one-third again.
And then when that last rune stone comes out, I think the rune stone itself will possibly
be worthless.
And there should be some kind of memorabilia of OGs that were in the space earlier, the
ordinals.
And that might be something that, you know, it might have Providence that showed you the
OG and might, like, over time gain value.
But I think after the third one goes live on rune stones, that rune stone is going to
be, you know, probably below .01 in my opinion.
So, I guess just kind of, that's kind of the game we're playing is when we sell this shit
after we get the airdrop, right?
And that's kind of always been the play.
But go ahead, Gambler.
Dude, I think I'm like, I think I might need to stop, like, fading Leonidas.
I mean, I already sold my rune stone.
And I'm focusing on the pups.
But he keeps fucking surprising me, at least.
Like, we were all...
Hit number three, man.
Dude, that's what I'm saying.
We were on the timeline fighting this dude to death because he was scraping together 200k
from couch cushions and shit.
And then next thing you know, he ended up number three.
So, I'm not so confident.
I think that math works out, Espresso.
But I'm not so confident that it's going to be that black and white where they're going
to get one, two, three.
I think I actually still kind of believe in the narrative that it's going to function
somewhat like the Solanaphone in the sense that it's going to get a lot of love from
a lot of different teams.
Yeah, I guess that's something I didn't equate in that last equation is the other runes that
are launching.
Maybe there's a banger that says, hey, we'll use the rune stone holders and airdrop it to
those 77,000 holders.
So, there might be a banger-ass rune that comes out after the three are launched that
actually, you know, might become, you know, even more viral than Leonidas' meme.
So, yeah, I mean, I think that people are going to use that, those wallet addresses and
those holders to distribute runes to them in the future, too.
But I think, you know, a lot of hate on Leonidas, I think, is unwarranted.
And I understand why people are doing it and the DJs are doing it.
But don't tell me that this isn't going to be the most hated trade ever when this does
go up.
Like, those are the best trades.
Dude, I counter-trade myself all the time, bro.
Like, even when I was in the space with a thousand people fighting Leonidas, like, I
was counter-trading myself.
Like, I just, it's a rule of mine.
Like, if it's bringing out, like, emotional, like, feelings in me, because, like, obviously,
like, I, you know, I try to look out for, like, my people.
And, like, when I see something that feels a little scoby, I'm like, fuck, dude.
Like, this is crazy.
Like, you know, but, yeah, he did his shit.
He did fucking his shit.
He did his stuff.
He did a number three, man.
So, I gave him his props, and I DMed him, and I was like, yo, bro, like, you did his thing.
I even tweeted out, because, you know, I was like, man, I'm not just going to do it in
a secret.
I was fighting him on the timeline.
But I think in the end of the day, like, something I will be cautious of is that sometimes
even being early is not good enough.
Like, we're, like, seeing so many of these, like, people were like, oh, this is early.
We have to get it.
But, like, a lot of the BRC20s, like, can you name the top ten right now?
Like, I don't know, bro.
Like, you know, like, oh, the first ten.
Can you name the first ten BRC20s?
Maybe, like, a super nerd can.
But, like, a lot of those, you know, some of them pumped, some of them didn't.
Like, you know, like, some of them just died.
It doesn't matter, like, what they did.
Like, already was, like, the only real problem was, like, the first, first one right after.
And, like, something interesting about the first one right after is kind of just fucked, like, right now.
It's like, I think, I don't know, like, is that one getting air job?
We saw, I saw, like, Urias has pinned tweets and people were confused about that one.
It's kind of crazy.
So, I'm kind of looking into, like, the first meme coin that everybody rallies behind.
And, like, we see a couple of them sparking up a little bit.
But it's still pretty early on, bro.
It's the second day.
Like, I think we should, you know, don't blow your load is what I'm trying to say.
Like, try to really pay attention to what's happening.
Keep your, like, ears to the ground.
And then maybe, like, something starts seeing traction amongst a lot of people for, like, a little bit.
But, you know, again, like, wait for, like, there isn't, to me, like, super, super consensus besides maybe Satoshi Nakamoto is, like, such a good ticker name.
But I even think the supply for that's a little low.
Like, I want it.
I wish it was a little bit higher.
But, yeah, there's definitely plays to be made.
And I don't think we see, like, the full winners just yet.
It's the second day, bro.
It's like, you know, people don't even know how to buy and sell.
It feels like early DRC.
I know.
Well, when I came in the BRC20s in April, what were the top ones?
Was it Ordi, BMPX, Amin, Pepe?
And those aren't the top right now.
But these are going to go through cycles.
And, guys, you got to remember, every four months, we eliminate a letter.
So, like, this could be, like, just a four-month cycle of these 13-letter plus ones, right?
So this is going to be very volatile.
And I think, you know, just looking at Doginals and DRC20s, I mean, they don't have a lot there.
I mean, you have Doggy, which is kind of like Ordi.
It's the first one.
But the main ones that get the most volume are the ones that are actually utility, like Wolfie and all these Dbits and all this one.
So I think when we look in a year from now, I think the top runes are actually going to be ones that actually are, like, building stuff, like protocols, stuff.
You know, like, runes aren't just meme coins.
Like, a lot of these protocols are going to use these runes as, you know, governance tokens.
So probably a year from now, the top runes are going to be the ones that are, like, protocols, you know, that are helping people, rune pad, you know, launch pads, you know, DeFi.
Like, that's probably what are going to be the leaders.
And the meme coins are just going to go through four-month cycles of just pumps and dumps and ones that lead and one don't.
But there will be ones that, you know, lead and stick around.
But the majority of them are going to all go to zero.
So, I mean, I guess the safe way would just probably be investing in the runes that actually people are doing shit with is kind of the safest way to do it, in my opinion.
But, yep.
Let's go down to Flame.
And Flame put the TDA emoji in his name.
He's going to be followed by the TDA account when I get off this.
So, what's up, Flame?
What's good, my guy?
Hey, Flame.
What's up, bro?
Sorry, man.
You all right?
It was giving me a stupid authenticate while I'm trying to get on the damn stage.
Oh, you got that too, bro?
You're a bot?
Yeah, and they make you authenticate and then you lose all your followers for, like, four hours?
I've never had to do it while I'm, like, on a stage.
So, you know, I'm just poking around and, like, trying to figure out, you know, are we getting the best deal on some of these platforms in terms of minting?
And word on the street, I haven't verified this yet, but, is that JennyData and Xverse are cheaper to mint runes than Luminex.
Just FYI.
And then, have you guys heard about this Rex thing?
The Rex Layer 2, the L2 social blockchain for runes?
The Runex thing?
Yeah.
That's yesterday?
Yeah, man.
What do you think about that, Flame?
I mean, it's interesting.
I do like Runex.
You know, it's not like they haven't been dicking around this whole time.
They've been building stuff and dropping stuff and at least making an attempt to deliver value.
So, I don't know, but, like, anytime I see the word social, I get a little sus.
But, I mean, when you look at certain things that have blown up that have the word social plugged into them, like Brentek, then it makes me wonder, you know?
So, I...
Yeah, wasn't he given...
Don't you guys remember when Dante and Runex was given out, like, Uber Eats?
What was he...
He was given...
Like, you were able to...
I forget.
What was it?
So, they had the Discord bot for forever, right?
And, initially, Runex was supposed to be some sort of DEX.
But he started incorporating, like, you can order Uber Eats through the Discord bot with your Bitcoin.
So, he's done a lot of different stuff ever since...
I mean, he was really the first pre-Rune.
Like, we can't really forget that.
Like, he started doing this back in November.
So, he's incorporated a bunch of things, tested a bunch of things, and now he's moving to an L2 social blockchain.
So, pinned it up to the top.
It was a pretty big announcement from their side of things.
So, if you follow Dante and Runex this whole time, it's not really surprising, because he is testing a lot of stuff.
But, you could see in the comments, people are a little bit confused, especially people that kind of bought in just for the airdrop.
It seems like it's a lot more than just, you're going to get an airdrop, and that'll be it.
There's a lot more incorporated into it now.
Yeah, and apparently the pre-sale, again, is live for this.
And it's live for 72 hours as of yesterday.
And you can send ETH or SOL, which is good.
Like, because that would be the only way I would participate now, if I was picking any up.
There's no way I would pay fees to buy into any pre-sale right now, especially, you know, with all this opportunity that potentially meant some decent runes that have already hit the market.
You know, like the ones that have been discussed, or maybe try to scoop some off of secondary.
But, I agree, you know, like, because these fees are so incredibly insane right now, like, you're paying, like, a 33% premium in some cases, just to grab something off secondary.
You know, just be really mindful of what you're getting, and just know that, you know, paper hands are probably going to freak out at some point and worry that they're not going to be able to get their ROI on something that they paid such a high price for.
I think it's hard to say with something like Satoshi, when people are already basically, like, planting that flag of, like, this is, you know, the first, this is the ordy of runes.
Like, that one, I think, might be more of, like, a DCA situation.
But, yeah, I wouldn't go, I wouldn't just ape blindly into anything right now, because you're just going to get mopped up on fees and then not know what's going to happen a day or two from now.
That's the game we're playing, right?
You tell people not to get in, and then they don't get in, and then they fucking 100x, like Elsa yesterday.
All you had to do was pay a $500 fee to get it.
But it's at $3,000.
So it's like, yeah, there will be those times where you'll get wrecked for the $500 fee and not be able to mint in that block.
But then there's other people that do spend the $500 and, you know, 10x their profits overnight.
So that's the game we're playing, right?
And I think with Dante, I continue to follow the motherfucker.
Like, that's the things I'm excited with runes is people that do stuff that's not just meme coins.
That try to do something that's, yeah, it's a runes protocol, but try to fuck with it and try to make it something that it wasn't supposed to be intended.
And maybe creating a socialfy platform.
Really excited for people to see if they can inscribe data on top of a rune and, like, create, like, an ordinal on top of runes.
Like, that kind of stuff.
Like, not using the protocol for what's intended is what's making me excited.
And Dante continues to fuck with it and iterate and is trying to do stuff that hasn't been done on runes.
And I think he'll be successful because he's willing to experiment with it and not stick with it.
So shout out to Dante.
Dude was first.
Runex.
He did the multipliers before anybody else did the multipliers.
The boost before the boost.
He was fucking ordering Uber Eats for people.
Like, the dudes continue to iterate on the idea of what runes could be.
And those are the kind of people I want to fuck with, right?
So go ahead, Cheryl.
No, yeah.
I totally agree, and it'll be interesting to see how it kind of progresses and that pre-sales live, I guess, for the immediate future.
So if you are interested in kind of getting a Runex airdrop, you can participate there.
I did want to just call out a couple other ones that, you know, I would say, like, devs and stuff that did really well yesterday.
One is Quorysats from Magisat.
He got number 20.
Greed Fragments is through the Apostles of Greed.
And he posted it up earlier today that there will be a snapshot for holders of Apostles of Greed.
And I think they ran up to about .02.
You know, we as a TDA got some white lists for this, and I know some people continue to hold these.
So, again, you know, everyone kind of knows Quorys.
He did the new marketplace where you can RBF directly through the marketplace.
And then he went ahead and etched Runex 20.
So, yeah, if you hold an Apostle of Greed or you're interested in trying to get into another type of pre-Rune, kind of continuing the conversation from earlier, that kind of seems like a good play there if there is a retrace.
And then the second one is Ordinal Sigma.
They actually got Rune number 32.
I think they've been pretty quiet, especially because the floor prices has been under .01.
But, you know, Rabbi's their dev, and he's goaded as well.
And, yeah, they continue to build, and they've got the Sigma Stone.
So I just wanted to call those out.
I know people are kind of focusing on the first top 10, but there were a couple outside of that that were interesting in terms of how they etched them and what they're going to do with them.
And they're already kind of announcing what they're doing next.
Yeah.
And I think something that I learned off the Bankless interview with Casey, and I said this yesterday, and that maybe we can do some research live and maybe someone can see if this has happened yet.
But there is an option on when you etch your runes that you can just have the script to create a 26-letter name for you, and it's automated, and they just create it for you.
If we can identify the first one of that, that could be, like, the first one that the algorithm named the rune for.
Like, I've seen crazier shit create narratives, but, you know, maybe we can identify if that's been used yet, if people have actually used that option when etching,
if they actually just let the algorithm create it for them.
So maybe we can look into that.
I think that might actually be some kind of narrative.
You know, first, this is the first one that the fucking algorithm or the fucking bot created.
So maybe that drives some providence.
I didn't know if people even knew that was an option or even knew that was possible.
So maybe that could be, like, a category that, like, pops off one day, too.
I mean, we've seen bitmaps and fucking shit pop off.
Why couldn't these pop off?
But go ahead, Flame, and then I want to actually throw it down to Kakao.
So, go ahead.
This one's off topic, but if you like the artist John Carell, who's done a lot of β he's, like, an OG Tezos artist,
who's done really, really well over there, does some interesting stuff with 3D.
He's got a β probably next to Freeman called Puff Puff Pass on β I believe it's Zora.
Anyway, I'll pin the tweet.
The link is in the tweet.
You can check it out.
I appreciate it.
I appreciate it.
I got Kakao up here.
He doesn't follow me, so it's fine.
But, I mean, content creator, researcher, meme coin chief, owner of OrdnalsNet, Dr. AlphaWeb, CM, Runex Tech,
partner with BTC OpenStamp.
Obviously, we don't want to hear you shill any of that stuff, but it seems like you're a researcher of meme coins.
What are some of the stuff that you got into yesterday, Rune-wise, since you β you know,
it seems like you're pretty ingrained into the culture.
How you doing?
That's kind of what I figured.
Kakao, you there?
Maybe that's not how you say his name.
Kakao.eth.
I mean, that's a red flag instantly.
Someone that's, you know, in Bitcoin that still has the .eth in their name and then rocks a green eye.
He's a CM for Runex, actually, as well.
That's what I'm saying.
Like, is he just engagement farming?
Oh, now he followed me back, so I know he's on his phone.
He just followed me back.
So, I don't know what's going on with you, Kakao.
But I'm β
It was Kakao.
Kakao.
Kakao.
Kakao.eth.
All right.
I'm going to remove you, and then when you want to come back and engage, then request.
Then I'll know you're ready to go live.
I don't know what that was.
But Modo, what's good?
My buddy, my brother-in-chief, what's up, man?
What's good, guys?
Thanks for having me up, and GM, GM.
So, pretty exciting night.
I think everyone was expecting maybe a bit more fireworks and whatnot, but it was still pretty cool.
So, congrats.
We made it.
We made it to the having.
One thing I realized, I tried to etch a Rune, and I think I got front run.
I think there's a way that people could see what Rune you're trying to etch.
And basically, someone copied the exact same Rune, but they removed the space in between.
And I know for a fact that it was available, because I had tried it with the space and without the space.
And I got front run, man.
And I was like, fuck.
Like, how did this person know?
Unless it's just an incredible coincidence.
But they were both available, and now someone front run me.
So, does anyone know if that's possible?
If, like, in the block, you could see what the ticker of that.
Oh, yeah.
Oh, yeah.
Everything's visible.
So, yeah.
All they have to do is pay a higher fee to you, and it's theirs.
Damn, man.
So, yeah.
Welcome to Bitcoin.
Fine.
Welcome to Bitcoin.
Yeah.
I mean, I had this.
I posted this yesterday.
And I think people get confused when you see pending that you're actually just waiting for a confirmation.
You're getting it.
Actually, that word should be changed to auction.
Because all really what happened is now your transactions in the mempool are the gauntlet.
And everybody else that sees it could pay a higher price than you, a higher fee before the block confirms and take it from you.
So, just kind of what happened to you.
Someone identified that that was a valuable ticker.
They saw how much fees you paid for it.
They bumped up their fees just a little bit more than you, and they got it before you, before the block confirms.
So, that's Bitcoin for you.
That's disgusting, bro.
I'm disgusted.
Oh, disgusting.
Y'all been disgusted about so many things, man.
Yo, didn't...
Can't hit the player.
Or the...
Not fast, but didn't Dancing Eddie say that?
He's like, I'm disgusted.
Yeah, man.
Disgusting.
My bad.
Mado, keep going.
Keep going.
Yo, what's up?
What's up, Mado, by the way?
Shout out to you.
What's up, man?
You good?
Good, Les?
But, yeah, no.
It's been something.
It's been cool.
I'm just...
I'm slowing down a little.
I mean, with the fees so high, even if you buy something on secondary, I think that's another thing that, like, wasn't expected.
I mean, we did expect fees to be high, but some people were saying, like, runes transaction or UTXOs, whatever, take up less space.
And I guess people were expecting it to not be, like, over $500 fees to transact.
But with these fees, it just raises, like, your entry cost by so much that you have to kind of calculate if it's worth minting or if it's worth buying on secondary.
So, it makes it a bit more difficult than, you know, I don't think the normies are here to play yet because they don't know what's going on here.
So, we're early.
It's a Wales game right now, for sure.
But everybody's pretty hesitant this morning, making me super bullish to get home and fucking mint the shit out of some shit.
But seriously, you guys are way too bearish today.
Like, I know what's going on, but, like, everybody's just like, oh, I don't know.
Like, that's β you got to have some conviction in this motherfucker.
Typically, the most money is made on the very first, you know, two or three days of a trend.
Like, you're supposed to deploy the most at the beginning of a trend, not the end.
Most people do the opposite.
They slowly get in during the reversal, and then they buy when, you know, when the trend's already peaked.
The people that make the most money are the ones that risk it when there is no confirmation that this is going to be something.
So, you're supposed to double down and put your most in the very beginning and then scale out slowly as the trend continues to be justified as this is something, right?
So, hearing you guys being hesitant, not doing it is making me bullish because a lot of people are going to make a lot of money being bullish and actually risking it for the biscuit, and they're actually going to make a lot of money.
So, I don't know.
I mean, I think you guys should definitely not waste all your stack, but you should be prepared for the past two or three months to have some dry powder on the side so you guys can ape into some stuff that actually, you know, is a bit risky, you know?
You're supposed to be trying to make generational wealthier a little bit.
I totally agree, but, like, I feel like the plays, like, if I would pay $500 fees right now, the plays I'd be getting into would be all these, like, pre-runes that were there two or three months ago, you know?
Like, maybe I would dip into Arsic at this level or into Runestone or Prometheans, you know, because they all did great in getting, like, those top 10, 20 tickers, and, like, I feel like they're actually building in runes.
But to go pay $500, well, in ordinals, but to go pay $500 fees to get this random ticker with an unidentified team, then that's when it's a bit more risk-on, and it's, like, I really want to throw my sats at this, you know, random team just because they got a clever ticker.
So, I mean, I've been looking.
I've been looking at Arsic.
I've been looking at Runestone.
I'm trying to see, you know, fees come down a little, snipe one, but we'll see.
We'll see what's up.
But thanks for having me up, man, and I'll be listening in.
Cheers, everyone.
Happy Saturday.
What's your birth year again?
What's my?
1946.
All right, Gerald.
You have a good one.
I'll sign for you.
Yeah, Gerald.
Gerald's a goat, bro.
World War II vet.
I deliver wine to him every Saturday.
I keep forgetting his birth date, but 46, man.
Shout out to Gerald, man.
Fucking protecting our rights.
Letting us be in Bitcoin, right?
So, shout out to you, Gerald.
Love you, man.
Talk to you next Saturday.
Let's go throw it to Jeremy.
What up, Jeremy?
Hey, what's up, X?
Happy Saturday, and thanks for having me up.
It was great meeting you the other day, by the way.
Other week, whenever that was.
Oh, I met you.
Yeah.
You walked right by me.
That's right.
I was like, Jeremy, what up, bro?
Who the fuck are you?
I'm expressing, oh my God, very big hug.
Like, fuck yeah.
I mean, I'm not docs, but it's really great, the people that do docs, because I just walk
up right to them and act like I know them.
And that was Jeremy at the basketball game in New York, bro.
Honestly, those moments, like, I live for that.
It's so much fun.
The PF epiphany is what we call it.
It's pretty great.
Like, oh yeah, I actually have followed you for two fucking years.
I actually had a question about all this.
I mean, super exciting night and everything.
And I think to what you were just saying, I think maybe the hint of bearishness is people
knowing there's a lot of fun to be had, but knowing it's also really irresponsible to pay
this much just to have fun.
So I think at least that's where I'm at right now.
I mean, I went into it with like 0.02 Bitcoin to play around with.
And luckily I'm into Satoshi, so that was great.
But I raised my hand because to Moto's point, I actually think the commit and reveal for rune
names happens in the same transaction.
So I don't think you can front run.
I could be wrong.
And I think Flame would know a lot better.
But you can obviously like front run mints, but I don't think you can front run an etch.
Bus, do you know that?
Do you know?
I mean, you're pretty ingrained into like nodes and the culture.
Do you know if you could front run an etch root?
Yeah, bro.
Pretty sure you can.
I mean, so pretty much you're just like.
Same way you can send a transaction.
You can see like what's in the mempool, like on the orpole, that space.
But you can probably front run an etch, bro.
Because, you know, pretty much you could just sit around and see what people are trying to
try to deploy.
Same thing with BRC20, right?
I remember when people were trying to deploy and people were just like deploying.
I don't know if you guys ever tried deploying BRC20 or anything like that.
But yeah, definitely.
You guys should even.
That's actually a good point.
You guys should try it even just for fun to deploy something.
Um, because you never know, right?
Like it's, uh, you might not go anywhere, but it's, you know, you'll be part of history
and you're learning how to do something that, um, not a lot of people are going to be able
to do.
So, um, yeah, you can definitely see what the tickers are going to come up and just try
to like fucking just rank up the, the fees and get in front of them.
But, um, there's, there is a couple of things, especially for these blocks, let's say it
gets in the same block.
There's a possibility that, you know, one of them, uh, doesn't go through, uh, you know,
before the other one, even if the fees are higher.
But, uh, we, we're starting to see a lot of volatility in the fees.
So usually like what happens if the fees start fucking ramping up that then yeah, your, your
shit gets pushed back.
So you might as well, I've been doing it, uh, like 10, 20% above like the fees or like
that the highest fee recently, if I want to get something actually through because, uh,
like word of warning, like if you, uh, let's say something is about the mint out, right?
This, this is for minting out now.
So they say something is about the mint out and you're like trying to get yours through
and if it doesn't go through it and it mints out on the same block, you try to get yours
through and you just wasted that money.
Like I'm not gonna lie.
I did that like a couple of times.
I, I just sent like fees into Valhalla and just fucked it.
Like I spent like 1k on trying to do the final, a final mint of Elsa and then it just, you
know, it didn't come through because it was at the very same block that it, it minted out.
So be aware, like if you're going to try to get into something and you know, you, you
might as well try to get into it a little bit earlier.
And if it's like towards 90% minted out, be aware that you might not get that.
You might not get that ruin and it might mint out and you, you're just gonna spend the fees
and you can't get that back.
There's no refunds.
Yeah.
Go to the miner, baby.
There's no refunds on Bitcoin.
I thought people were asking like, yo, can I get a refund?
And I was like, what the fuck?
Who, who are you going to ask for?
These miners don't give a refund.
Don't give a fuck about it.
Refund?
What is this?
Domino's?
No, motherfucker.
This ain't domino.
You don't get no fucking refund because your pizza came cold.
You know, that goes straight to the miners.
The miners are like, thank you very much for being a massive idiot.
But I also think 90% is a little too late as a recommendation to get in.
Like Elsa, for instance, it was 56% minted and I threw a 340 fee at it at a fast gas and
I still missed it.
So I would even say like, get in before 50% just to be sure.
So you do get it.
Cause like you said, I spent $340 and I didn't get it and I ain't getting that back.
And that's $340 that I wish I had back.
But just because I didn't get in quick enough.
So, you know, a lot of the stuff is going to be very risky because you're not going to
know if it's going to mint out or not.
So getting in at 40, 50%, there is going to be uncertainty there.
But once it does mint out, you're going to probably see some, you know, pretty violent
movements on secondary because people that got fast gas or missed the mint itself.
So definitely keep aware of like how, I mean, I think a main reason why 56%, I mean, 56%
will work, but Chartfoo tweeted it and it basically all of the crypto Twitter just followed him
through.
So that typically isn't going to happen.
She's talking about this shit on me right now.
Cause she just pinned this.
Yeah, she's coming with her receipts.
Yo, wait, real quick.
Model, what the fuck?
How did you get front run if apparently you can't even do this?
Cause this is actually correct.
Like if it's on the witness, I guess Casey's, uh, Casey made it so you can't front run things.
But holy fuck model.
Just, yeah.
You were just.
That's literally all that I came up here was actually.
Yeah, yeah, yeah, yeah, yeah.
Is this something you had a discussion with them or like, why, why can't we front run on
Bitcoin now?
Like, so what is, you could probably explain this, I guess, since I was so wrong.
No, it's, um, no, somebody else, he actually was responding to someone else, um, and quote
tweeted, um, them.
And so, yeah, you just, the way that it, the like function of etching, uh, he made it to
where you can't, uh, front run it.
So that was just basically it.
But I heard y'all talking.
I was like, hold up.
I'm going to need it.
Cause I, I'm like Casey's stalker.
Um, and so I know all of his tweets.
Oh yeah, you are.
You're the salt of New York.
She's like Casey's shadow.
Listen.
Withers, thank you.
Oh my God.
Cause I'm an eth bozo trying to make sense of all this Bitcoin stuff.
So I feel just a tiny bit validated.
I appreciate it.
Yeah.
I'm a bozo for, uh, I guess not reading the white paper.
I don't know.
I thought that you could front run on fucking Bitcoin.
I thought it didn't change, but I guess Casey changed that in the protocol.
Well, the way that it works is you commit to the, the etched name, but it doesn't reveal
on chain for another six blocks.
Or at least that's how I took it.
What's read, what's read above, which is a little confusing.
Cause I feel like we were reading names on, uh, on already scan before six blocks after
the having, but, uh, I don't know that that's where I get lost.
Well, just to touch up on that real quick, uh, what I meant by front run is they did slightly
change the ticker.
So for example, I had put a space between the two words and they copied it without the
space.
So it's not exactly front run.
Oh, there is a change that was made, but they were able to see it and steal the idea and
just make like a very small modification and be, be first, you know?
So that's, that's what I was, that's what I meant there.
But yeah.
Yo, people are getting creative with their front run.
Yo, bro.
Model, dude, this is crazy, bro.
It's crazy, man.
I thought I was creative.
I was like, okay, I was trying to think like, okay, what could, what could work, you know?
And, uh, I know on soul we had like the, the hot dog thing, the Costco hot dog and iPhone
and like copying all these companies, which I was hesitant to do in the first place.
Cause I'm like, watch me get fucking tracked down by some sort of fucking copyright infringement
company.
But anyway, so it was just like Costco space wholesale.
I was like, okay, let's, let's fuck around with this.
So you can still see like the, you can still see the names are being like etched, right?
So I guess technically you can't get front run, but you can, it's a, it's a great area.
I guess.
Yeah.
Anyways, whatever.
I don't, I didn't expect it to go anywhere.
So just for fun, like you guys said, bless, you know, you kind of just fuck you around with
it, getting out there, making a transaction.
Who knows?
Like maybe one day Luminex will be fucking thanking people or doing some sort of token
and be like, okay, who etched the rune, who participated and whatever.
Just get your feet.
Yeah.
I'll get in your hands.
I'll get your hands flaming Jeremy.
One second.
Bless.
I mean, you run a node, right?
Obviously.
Did you use Luminex and did you use your node?
Like, do you think there is a big advantage over, I mean, obviously there's an advantage
on the node, but you think it's that big of a deal where you think Luminex did a pretty
good job of facilitating this yesterday, right?
So people that didn't have nodes, right?
I actually, so I use both.
Like I was like using all the tools that I kind of did on.
So I wanted to test everything to see what I can suggest.
And I'm not going to lie.
Like, even if you don't have a node, like you, you could have just ranked up fees.
And like, I think the biggest problem was that people were scared that these services
were not going to work as intended and they would have messed something up.
But most of them are actually working, you know, and so like, if we were just like a
random person chilling, like, you know, like you just, you rank up the fees, you get in
there before other people.
And then these services are actually most of the time working as intended.
Like I say like 95, like the only problem was obviously like not getting there in time.
But yeah, bro, like these, you don't need a node right now.
You can just rank the fees up higher than other people and get, get your fucking, get your
ruins in, bro.
You hear that?
Everybody unplug your nodes, go back home, get your, we need, you're actually, what you're
doing is just, you're doing something great for the Bitcoin ecosystem.
You know, I think honestly, like even towards the end, towards last week, I was starting
to tell people like, yo, if you don't have a node and you're scared, like, you know, you're
not going to make it in time.
Just, just try to use these tools.
I even bought some of these tools.
They had like a pre, like a sell for the tools just to test them.
I had RuneBlaster.
Or RuneBlaster was one of them I used.
Luminex.
Wasn't that batch minting?
Batch minting, yeah.
Like there's a bunch of like little tools.
Some of them are free.
Some of them are paid.
And I just, you know, I have a couple of them just in case, you know, in case something
gets over like, over like a fucking user, the website goes down.
But none of them did.
So many people were actually prepared for this because, you know, people knew this was going
to be a big deal.
People knew this was going to be like a big event.
So, you know, shit, maybe Casey telling everybody about this and not just randomly throwing it
out into the ether, you know, or into the Bitcoin ecosystem was a good thing.
So people had months like to prepare.
So shout out to him for that.
Low key.
Builders are back building on Bitcoin, baby.
And they lived up to the expectations.
You know, like Bitcoin building hasn't been a thing for years.
And now it looks like everybody's coming back to the mother chain.
And this was kind of the first test of the builders for real.
And everything held up.
And it's pretty impressive.
And Bitcoin's out to fuck with.
The developers are here.
They're ready to build this motherfucker out.
And I mean, node is a responsible way to secure the chain.
And I think you might be able to use your node later.
There might be like a hiccup somewhere down the line.
But man, like Luminex fucking flawless yesterday was a great experience and kind of squashed
all the all the fear that you needed to know to participate.
So shout out to the Bitcoin builders.
This was not like a blast rollout where nothing worked.
Everything was getting hacked.
It was actually smooth.
And everybody faded this and said it was not going to work.
And it did.
So whoever built all that shit did a great fucking job.
So let's go.
I see some hands up.
So we'll go to Flame.
We'll go to Jeremy.
And I'll say it to my favorite person, the world vegan.
So let's go.
Let's go to Flame.
What up, Flame?
I was just going to say that I really like this tweet from Casey back on the end of February.
Bitcoin is the heavenly sap of Yggdrasil, which is this ancient tree.
And tokens are the vile icor that oozes from between the chitinus gaps in Ross Carpace.
Like, you know, if you're looking for some creative tickers, man, go scrolling through Casey's tweets, man.
I did mint sap of Yggdrasil for the culture.
I etched it.
I only hugged.
Isn't he doing one today?
What was the rumor that came out today with, like, he was going to etch something?
Or he etched the inscription.
It was like a blue dot.
And that he maybe was going to etch a rune today.
Do we have any more information on that?
Or am I tripping on that?
I haven't heard anything new about that.
Witters would know.
If Witters was back up here, she would know.
Yeah, but there's something going on with, like, this blue dot inscription that was, I think, inscribed last night.
And people are saying that's like a parent and child inscription or something.
It's going to be used on a rune that he's going to etch today.
I don't fucking know.
But I'll look more into it.
Obviously, I'm not going to go research it right now.
But, yeah, keep an eye on Casey.
I don't know what he's doing, but he's going to do something.
And then it's going to blow up when he does.
And don't fucking mint uncommon goods until the bear market, guys.
Like, what the fuck are you doing?
It's open for four months.
Stop spending fucking $600 to mint something that you can mint at the bottom of a bear market, bro.
Like, when fees are at one.
Like, stop fucking minting uncommon goods right now.
It's a bad decision.
Let's go to Jeremy, and then we'll stay up to Began.
What up, Jeremy?
Yo, I actually have a question, but a couple things on this.
So, Casey did etch a rune ZZZZZ with, like, a sleeping icon.
And I think he set it up so that minting opens at the next halving.
I feel that was what I got from his tweet about it.
So, not sure what he's up to.
But he's been having fun.
Like, literally, he child-inscribed fun and has been using the protocol.
The other thing, I pinned up a tweet with some benefits about running your own node, which I found pretty interesting, actually.
The one that's most interesting to me is that if you're etching a rune on Luminex, then you can set an icon, like a logo for your ticker.
It's optional.
But if you want to delegate that logo to an existing inscription, almost like a parent-child situation with your rune to an existing inscription, you have to use a node.
And then the other ones are listed there.
It's mostly UTXO management.
And then also fee bumping, like if you underpaid on fees, which can be a little bit challenging unless you have, like, a mempool.
The more you know.
My question, because I heard you mention it, and I popped up when Chris was here because I figured he would be the one to answer, but maybe somebody knows.
Like, with what CyberConx is doing, for example, what is the most frictionless way to involve ETH projects in these Bitcoin drops?
Like, are folks just going to tell their communities and then ask them to connect both wallets to a site where they can claim and maybe pay for the account fees?
Or is there something that I'm missing in terms of, like, I just honestly don't know what the easiest way of doing that is.
I imagine somebody's working on it, but.
I saw what was the dick butts that launched a rune, and they're basically allocating that rune to ETH projects.
So I'm curious how they do it.
Is there some kind of bridge?
I know there's been a lot of, like, EVM-compatible Bitcoin bridges.
So that might be something that they facilitate or use, but, I mean, I would imagine, like, I think the simplest process was get those communities Bitcoin wallets and just send it straight to their Bitcoin wallet instead of trying to create this bridge that might dilute the rune itself.
Now you're fractionalizing the rune from Bitcoin to ETH, and that could, you know, in the long term could really fuck your tokenomics and the holder base over the long term.
I see that, like, that makes sense, but it's definitely not frictionless.
And I guess nothing will be totally frictionless, but, you know, just to have to collect all those wallets, they have to be submitted in some way.
There's got to be a better way.
But obviously, it's not going to happen.
I mean, you do it with fucking whitelists every fucking week, bro.
True, true.
Anytime you get a collab for whitelist, I mean, all you have to do is find some automated bot and get everybody's addresses, and then you can just send that address.
Yeah, I guess you could use delegate.cash to kind of obscure the risk for holders.
Yeah, it's just interesting.
It'll be fun to watch.
It seemed fairly easy.
Like, you can even see, like, screenshots of, like, Kongs on the timeline saying that they got airdropped, like, the equivalent of 2 ETH with the Prometheans.
And it was kind of, like, across the ecosystem.
So I think they did it pretty well, and the holders were fairly happy about it.
Yeah, so they must have had a campaign leading up to it where it's, like, make sure you tell us your Bitcoin wallet before X date, which is fine.
Like, totally works, but it's not actually permissionless in the way that, like, how much participation did Kongs actually get in that and what percentage of Kongs just totally missed out because they were tapped out or for whatever reason.
I'm hoping the Kongs, the Prometheans, like, there is going to be a story that's told with these runes that is similar to the banana story that seems like a wives' tale.
Like, can you believe these fucking Cyberkongs got $20,000 a week?
You know, like, I think there will be that story next bear market of somebody in this rune ecosystem that was basically giving, you know, equivalent of a doctor's salary in runes with these miners, or maybe those allocation grew to a salary.
But, man, there's going to be some wives' tales told this cycle with runes, and I don't know where it's going to come from, but, I mean, don't fade the Cyberkongs.
They've done it before.
They might do it again.
I mean, they just got rune number two.
I came in last week and fucking stepped on everybody.
Like, those are the kind of people I want to bet on.
Let's go to Began.
What's good, Began?
Yo, yo, yo.
What's up?
So, I just wanted to amaze.
I didn't hear because I had to drop off because of my internet, but I didn't hear if anyone did correct it, but Moto earlier was talking about being front run and having, like, a slight name change in what was being etched.
I just want to make sure everyone realizes spaces or spacers.
If you see a bullet between two words or if you see a space between two words, that is not counted toward the uniqueness.
So, the example they use, like, in the docs is uncommon.
Dot goods is the same as uncommon goods.
No space is the same as uncommon space goods.
So, you can type any of those in most anywhere.
Some people, like some of the different websites, their search isn't working as well.
But, yeah, just a note.
Spaces do not matter.
They're removed before you check uniqueness.
So, that's all.
Sorry, I was mid-delivery.
That's the great thing about a co-host.
They fill in that dead time.
Vegan, what did you get into last night, bro?
Got to ask.
Yeah, well, I'm the dummy.
I didn't get any else.
So, I feel stupid.
I just watched it go higher and higher.
Like, I'm like, oh, my God.
So, I mean, got some Nakamoto, got some Anarcho Capus, got, like, what is it, World Peace and Bitcoin drug money, which aren't doing that well.
But Nakamoto, Capus, those are kind of the main things.
And then a couple, like, you know, conspiracy theory plays of, like, smaller things.
But really just waiting to see what pops next and trying to decide, like, do we do some Elsa buys now?
Not sure.
Going to see what happens today, though.
Yeah, that's the question.
Do we buy Elsa now or do we wait?
Because that has gone pretty parabolic pretty fucking quickly.
I like these ones that have delayed a little bit in, like, going off, like, certain blocks and use time mechanism.
Obviously, Bush did 9-11.
It's one that I'm super bullish on.
So, we're going to wait for that one.
I think that will do well.
And I think we need to identify those, like, time locks one and, like, make sure we set that on a reminder because people are going to be waiting to β waiting for the second that goes.
And those will probably go pretty quick since everybody knows that that date's coming.
Bush does 9-11.
Is that, like, in 10 days, right?
It's a while from now, right?
Seven days.
Oh, it's seven.
The thousand blocks, about six blocks per hour.
On this show next week, on this show next week, we're all inscribing Bush did 9-11.
Seven days.
Let's go.
We're doing it.
Yeah, ZK's behind that one.
I'm just joking.
He's not.
I'm joking.
That was a joke, bro.
Like, that seems like something he would write, right?
But, yeah, political statements on runes.
Let's fucking do it.
You know, like, Jeffrey Epstein didn't kill himself.
That would be a good ticker.
Like, come on, guys.
We're getting political season.
We got to use these tickers to make the establishment scared.
All right.
Let's go to Flay.
I just had a quick question for anybody who knows the answer, because you may run into
this when you're trying to etch.
I tried to etch something last night, and I checked back on it, and it says transaction
not found, waiting for it to appear in the mempool.
Does that mean, like, is it going to ever appear in the mempool, or is it just like a
lost cause?
Try over.
Try again.
Try again.
I don't fucking know.
Anybody got an answer to that?
Wait, can you send me the mempool transaction ID?
Take a look.
Yeah, for sure.
Thanks, man.
And then, if you heard my daughter in the background, she said, blah, blah, blah.
Dad's talking about boring stuff.
She's not going to make it.
Quickly, quickly etch that.
That ticker's a banger.
That's a ticker banger.
We got to run that one, bro.
Blah, blah, blah, blah.
All right, let you up, Press.
Go ahead.
Yo, what's good, everybody?
Yo, yesterday was crazy.
I had so much fun etching.
I was using Rune Blaster, was the main one by Life of Fipo.
If you owned a Wizard of Vord or any of his assets, that shit was incredible.
Super quick, lower fees.
He didn't need a node.
I got some Satoshi Nakamoto.
That was obvious.
I don't like the pre-mine.
I wonder what they're going to do with it.
But can't fade the top tens.
So I got Satoshi Nakamoto.
Got some Meme Economics, which I like a lot.
And then I etched some.
I'll share them in a minute.
I didn't pre-mine.
So they're pretty cool.
I'll share what those are about in a sec.
And then I also minted some Anarcho Cat Bus, which I like.
I minted some...
What's the other one?
Elsa, which I also minted.
I also like if you minted something and you're like, oh, I got the inscription, but I didn't
get the runes and it's minted out.
Unfortunately, you don't have any of that.
It's gone.
Don't even like...
There's no refunds.
There's no way to get it back.
It sucks.
You know, some people win, some people lose, but you can get front run in the mempool.
So if you are going to participate in hyped mints, right?
Like this shit is...
It's out there.
People are minting it.
It's 60% minted.
And someone's like, yo, you should mint this.
I would not go into that being...
And do not skimp on fees.
Like you should be throttling fees.
I would actually look at the mempool.
Look at the next block.
And the upper end of that range, if it's...
Let's say the block has like 800 to 1500 sats per virtual byte.
I would be putting it at like 1550, 1700.
You do not want to like participate if you do not want to lose money.
So if you participate in a hype mint and you're like two blocks behind the next confirmed block,
and then the block in front of you confirms the collection, the rune is minted out,
and you're waiting for your transaction, the money is gone.
It's gone.
It's 0.05.
It's gone.
It's 0.15.
It's gone.
So if you're going to participate in mints, like don't fuck around with fees.
You should be throttling that and like really trying to get as far as...
You can even be in that block.
But if you weren't the highest fee rate among like the 2,000 that were remaining to be minted,
you could still miss even if you were in that block.
So that's why the fee wars are so insane right now because people are like...
They understand this and CPFP tools are all fucked up so you can't even speed up the transactions right now.
So don't play if you're not willing to lose the money.
Having said that, NFA, FA, not financial advice, financial advice, which I'll get to in a minute.
I pinned a tweet.
I personally, now that we've seen Gate.io has listed the two top 10s that were open mints,
I think these will kind of...
These are like...
These are ones I'm more reluctant to sell right now.
I think that they have staying power.
They're pretty memetic.
They have thousands of holders.
They're minted out.
And I'm personally kind of more likely to take profits on things like ELSA or things like Satoshi Nakamoto Inu and some of these other more like D-Gen ones,
especially if they were not in block 840,000.
So I think these first 10s are huge.
I think the pre-ruin, like the pre-ruin, pre-mined ones that, you know, people mind pre-having will go crazy.
I think Arsic is still king.
I think that's going to get the hottest centralized exchange exposure, especially with the Meme Land Collapse.
So keep an eye on things like Arsic, Pups, Rune, Stone, and Prometheans are pretty impressive that they got number two.
And then for some random etches, I etched...
Sorry, random mints.
I minted a massive pile of shit because Casey confirmed on Spaces last night that Raph, his co-dev on the protocol, etched that one,
and it's in block 840,000.
And it does have a pre-mine, which is weird because they were so anti-pre-mine,
but I don't think that Raph is a rugger.
He's not going to like start dumping it.
So I minted a bunch of...
I have tons of...
I have tons of shit.
If you ask, I have a lot of...
I have a massive pile of shit in my wallet right now.
I minted that one, and then I was lucky to etch with my girlfriend.
We etched NFA, not financial advice, and financial advice.
Back-to-back in block 840,000 with no pre-mine, 100,000 mints.
And yeah, that one's...
You know, it's a fucking meme.
I don't have plans for it.
There is no utility.
Don't expect me to do anything with it.
But I think that we'll see that once there are 10,000 etched runes or 100,000 etched runes in a few months from now,
like sub-1K and block 840,000, the halving block, they will all have some inherent value.
And especially the ones that had no pre-mine, people will really rally around those, I think.
So it's going to be like ordinals.
I think we'll see.
A lot of the provenance plays will matter at first.
There will be some memes that kind of transcend provenance.
And it doesn't matter if they were early, like Elsa is kind of doing that now.
But we don't know if it has staying power.
And yeah, so NFA, FA.
But I did mint only 10 mints of not financial advice and financial advice because I think they're funny.
I think it's cool that they're back-to-back.
They have the exact same tokenomics.
They have opposing symbols.
One is a black diamond.
One is a white diamond.
So pretty clean meme ticker provenance.
No pre-mine.
I don't have like 10 wallets that I've minted a bunch on.
I've just minted 10 of each.
And yeah, so that's what I'm doing with runes right now.
Otherwise, you went crazy, bro.
You went crazy.
How much Bitcoin did you spend yesterday if you're free to add?
Yeah, so I loaded one wallet with 0.2.
And then I split that 0.2 into 20.01 UTXOs.
And so far, I've probably spent about 0.11, 0.12 on mints that actually worked.
And then I've drained like 0.04, 0.05 on either transferring to myself.
Like if I have 300,000 ELSA, you can't just like list 50,000 on Unisat yet.
I think you'll be able to do that soon, but you can't do it yet.
So in order to actually list a small percentage of what you own, you have to transfer that amount
to yourself so Unisat can identify that that is like a batch that you want to separately
sell.
So I spent money like sending myself 50,000 of my 300,000 ELSA so that if it goes to a price
I want to sell, I can easily list.
And overall, I've spent about 0.155, 0.16 and in unrealized gains just based on floor
prices on Unisat, which are very volatile and maybe misleading or maybe they're undervalued.
We don't know.
I think I'm at like 0.35 profit, 0.4 profit or something like that.
So I'm not in a rush to be like dumping bags and like getting out of this stuff.
I saw what happened with Ornals.
I think the same thing will happen here, except this is even this is a bit more interesting
because you can get into these fungible tokens without needing huge bags of Bitcoin.
And also the infrastructure, attention, engagement and interest of Runes was exponentially greater
than Ornals on its first day and the months leading up to it.
So, yeah, it's a pretty it's a pretty interesting setup.
I think Runes are really going to like in the same way Ornals completely ate Ethan Solana
NFTs, I think Runes has the potential to eat a lot of capital, liquidity and volume.
And I think people always say, oh, but the chain, it's so hard to transfer and do things
on the chain.
Most of the volume in these things are on centralized exchanges where like network compatibility
with trading doesn't really matter.
Like it's it's all on the back end on the website.
It's all custodialized for better and for worse.
And so I just I'm very bullish on Runes.
I think it's a step up from BRC.
I think that Magic Eden is going to really ignite trading.
I think there will be some pseudo fake decentralized, you know, swapping pools and liquidity pools
where you'll be able to like swap in and out with ease.
So, yeah, I'm bullish on Runes, having a lot of fun.
Be careful out there, guys.
Like there's going to be a lot of bullshit tickers.
There's going to be a lot of people, you know, pre-mining things or like, you know, etching
something and then like minting it on separate wallets and saying, oh, I didn't mint any
of it.
It's there's no pre-mine.
And then they're going to pump their bags and dump on you and just, you know, be careful,
surround yourself with people who know what they're talking about in ordinals, curate
your feed.
And I think right now it's OK to sit on your hands, right?
The fees are insane.
You have a high risk of losing money.
You have a high risk of buying shit that goes to zero.
It's OK to sit on your hands.
But if you have the capacity and the capital and you have the connections and not even connections,
if you just have the wherewithal to sift through the bullshit and find things that have inherent
value and that may trade regardless of an influence or pumping it, things like the top
10 runes, those those early 10, those are forever.
So I think now is like the time to kind of maybe make calculated bets or sit on your hands
like you don't want to lose money.
Don't lose Bitcoin chasing things you don't understand.
Like if you miss things, you missed it.
It's OK to miss.
I I fucked up and I didn't mint the fee who number number one.
And I was ready.
Like I spent days last week preparing for this day and I still didn't get the first rune.
And that thing was trading at disgusting valuations yesterday, even if it didn't warrant warrant
those trades early on.
It was.
And I missed it.
And you miss some shit and you get some shit and you lose some money and you make some
money.
Just stay stay encouraged.
Don't get discouraged and learn.
And if you're like totally new to this, then just taking some time to learn about it before
diving in.
There is time, like even in a month from now, you will be very early to runes.
You might not be as early as you are yesterday or today, but it's still very early for this
stuff.
So, you know, tame your FOMO and like educate yourself and be careful.
Ask questions.
My DMs are open.
You can ask me questions.
And yeah, thanks for letting me talk this long.
I've been kind of rambling on.
Oh, you're good, Russ.
Great information.
Definitely.
I don't know.
People are pretty, pretty skeptical this morning.
It's making me bullish to go ape.
But I don't know, man.
I'm just going to go.
I'm just going to go home and try to find something to do.
And it's probably going to be runes and I'm probably going to spend a lot of money tonight.
So you guys are making me super bullish.
The fact that everybody's just kind of sitting on your head.
I don't know what to do.
Like when no one knows what to do, that's when you fucking aim.
I'm just saying.
You know what I would like to see?
I would really look.
I don't I don't like the idea of like centralized exchanges profiting, profiting off of custody.
Like I personally don't keep anything on centralized exchanges.
But you know, it'd be really nice if there was a trusted platform, like even if it's
Magic Eden, I don't know if they're doing this, but if they had a mechanic that leverages
a similar like setup and structure that Blur has where you deposit the runes into a pool
that is that is held and managed by the exchange and then all of the swaps can just be made
without any gas fees.
Maybe there are platform fees, but it could be a fraction of network fees.
And it would also decongest the mempool, making it easier for people to mint.
So if there's any anyone out there building an exchange, think about having like a like a
pseudo custodialized marketplace where you can deposit your runes and then like you could sell
one if you want or a hundred of your thousand or whatever.
You know, it would really decongest mempool and take a lot of pressure off the network itself.
It certainly would be less on the network level and on the on the trading level would
be less decentralized and maybe open to exploits.
And there could be some security issues, but things like that, when they become battle
tested, become, you know, they become second nature.
I mean, look at Uniswap, even though that's actually decentralized.
But anyway, so, yeah, I want to see stuff like that.
Things that are, you know, hopefully can decongest the mempool a bit and allow trading and allow
minting and while we still have trading and whatnot on, you know, on different platforms
and even mints, right?
Like if you pre-mine a mint and then you go to something like Unisat or Magic Eden and
you say, hey, look, I pre-mined this rune and I want to launch it through your platform,
give them the whole allocation and let them be the one that kind of, you know, deliver it
to the user could also decongest things a bit.
So anyway, I'm going to step down, but I appreciate you having me up here and be careful
out there, guys.
Have fun.
Don't invest more than you're willing to lose because you will lose.
Like, I'm just fucking saying it.
You will lose money if you are not careful.
Even if you are careful, you'll probably lose money.
But the goal is, you know, make more than you lose and have fun along the way.
Don't take yourself too seriously.
All right.
Thanks for having me out for press.
Yeah, exactly.
Appreciate you, Press.
Thanks, man.
So that was all good points.
And I think Magic Eden is doing something differently than just the marketplace.
Maybe they do do something like that.
So I'm excited to see how this infrastructure on runes, you know, develops over the next
few months.
And I do think a priority should be decentralization, but also trying to ease some of the mempool,
which I don't know if that's even possible if you're trying to do decentralization.
Right.
So we'll see how it goes.
I have tons of hands up.
I'll go to Shekinah.
Then we'll go to SVW.
Then we'll say Beacon, Flame, Miyagi, and then we'll end the fucking space, I think.
So go ahead, Shekinah.
Hey, hey, what's up?
Happy Saturday.
Hope everyone's enjoying their Saturday.
And we won't spend all of our time, you know, on spaces.
You know, once Expresso closes it down, you know, hopefully we'll all unplug.
No, I just wanted to come up and say, you know, I've just been listening to the conversation
for the past, I don't know, like, damn, almost two hours.
And yeah, like, for me, it's certainly sat on the sideline, you know, kind of watching
everything, looking at the timeline this morning, listening to you guys speak.
And, you know, like, I think, you know, for those that are sitting on the sideline and
may not still fully understand, you know, the technicalities behind everything that's
happening, you know, I'd also say, you know, certainly listen and try to educate
yourself, but also try to think about how you can use whatever your talent, you know,
is, whatever your skill is, and try to think about how you can leverage that with this new
protocol.
For me, you know, obviously, like, I mean, so, no, I'm a lawyer, so I'm listening to,
okay, like, okay, where is there, I don't know, banking compliance, you know, like issues,
because this is a lot of money that we're dealing with, you know, and maybe I'm looking
at maybe anti-money laundering, you know, like stuff and etc. But then there's also
the artist side of me, you know, the comic book, the writer side of me, okay, how is
this something I could use, you know, in the future? There's also the, I would say,
the biz dev side of me, okay, how can someone, yeah, like, I was just talking to
someone in Discord, who's into cannabis content. And I was telling him, you know,
like, think about how what you're doing. And he wants to know how you can kind of
integrate rooms with that. And I was like, you know, like, if you I know, he's in cannabis,
but I was like, think about how you can combine, I don't know, like cannabis and blockchain tech,
and how you can, you know, kind of not monetize that, but like, market that to regular cannabis
consumers, dispensaries, and also investors, to kind of just set yourself apart. So I would say,
you know, just try to think about whatever your passion, your talent is. And we don't always have
to necessarily buy rooms, you can buy rooms, or like, whatever, but also think about how you can
diversify, you know, that revenue, and maybe make one of your dreams come true, as far as
working in a field that you've always wanted to work in. So that's my two cents.
Yeah, that's a great, that's a great, I mean, you don't always have to trade,
you could build in this space, too, guys, like, and that, that, that's an explanation, like explanation,
like, you can make a lot more growth that way, you're making a lot more money building a platform,
or protocol, or doing something you love in this space than trading, like, it'll bring you a lot more
wealth, a lot more joy, and you'll go, you'll be able to sleep at night. So that is great. That's
a great advice. And I mean, the weed thing, that's an age old thing. I mean, weed and dispensaries
and all this way, like these motherfucking dispensaries have to hold cash. I mean, blockchain
and crypto has been a perfect use case for that. I don't know why it hasn't got onboarded. But yeah,
that's always been I think whoever can, like, integrate the cannabis industry first is going to
make a lot of money because they deal with a lot of cash. Why not just do that in like Bitcoin or do
that in a cryptocurrency, where you can move, and you don't have people, you know, the feds reading
your fucking dispensary and taking all your cash, you have that stored on a blockchain that has a
seed phrase. So I think that weed thing will eventually get, you know, panned out, but it
hasn't hasn't gotten accomplished yet. Yeah, let's add one more quick thing to just for those that are
out there, like a lot of a lot of the speakers have been talking about different problems that they've
had. So I write some of that down, because you could create the tools or find the people
that can create the tools to answer these problems. So that's another thing.
100%. 100%. Let's go to SB Dub. So it's a vegan flame Miyagi. Don't know what's gonna happen after
that. Let's go to SB Dub. Jim, everybody. How's it going?
Great, great, great, great. All right. Happy 420. I hope your day is going well,
Chief. Expresso. Wow, I almost fucked up. Chief, I hope your vacation is going all right.
I don't see you up here. But you know, hope life is living for you. Man, yeah, yesterday was crazy.
Fees were astronomical. Shout out to the miners, you know, who makes the most in a gold rush,
the person selling the shovel. So mining fees went from about, I don't know, 10 or 11 with subsidies
and fees to like, plus 30. And some of those blocks that were like 2500 sats per V by it. So that's
pretty crazy. Ended up being able to mint a couple things got a little bit of Satoshi and a little bit
of Casey's mom has got it going on. And I was going to touch on a couple things. Like everybody said
earlier, it's a gas war right now. So if you are going to potentially mint something like let's say
you're going to mint three or something, it's going to cost you like 600 bucks with fees. Well,
you know, the, the cost to not push those fees up like another 80 bucks, like to potentially,
you know, save yourself $80, but risking 600 just doesn't make sense. So it's better to just
gas those fees up a little higher than you even think. Because especially pay attention to when the
last block cleared, because if the last block just cleared, there's going to be a few more minutes
than that current waiting block. So there's more time for fees to go up. So if you're trying to
mint right after a block had just cleared, it's going to go higher than you even think most likely.
So just always pay attention to that because it's not worth risking saving $80 to risk 600.
That's point one. Point two is, does anybody see any real difference than BRC 20s? Because like right now,
it seems exactly like BRC 20. And I think the part of the reason is, is it's, you know, so new,
the platforms that were built initially were pretty much just mirrored off of what BRC 20 was,
even though there might be more functionality there. And then to the previous point, I do think
Magic Eden might be doing something much different because I mean, they're not dumb, like they could have
been open and ready, just like, you know, Ginny Data and Luminex and yada, yada, yada, but they
weren't. And they've made an announcement that they're going to like open their platform, I think
on the 22nd or 23rd, something like that. So it'll be interesting to see what functionality they have
built in and what they're going to do, because it makes me think that they're going to do something
super different, potentially super bullish for the rune space. Because why not join day one,
unless you're building something super awesome. So I haven't seen much difference. I think actually
the infrastructure is built out a lot more for rune. So it seems more seamless and faster. But I
think the only difference between the two is really just like happened to transfer and scribe your BRC
20s. And then that's how you send them. I think with this way, you don't have to do that, you can just
send it without the transfer inscription. So it is pretty similar. But I think it feels better just
because of Luminex and all this infrastructure that was built for runes that wasn't there for
BRC 20s when it first went live. So I think that's kind of why it feels a bit different.
But yeah, it's just the fungibility aspect that I was, you know, wondering is because,
you know, like you meant, you know, five of whatever mint you're minting. Well, then you have
five of those mints, but you can't just do like one or two or three or whatever, like the fungibility
that they were speaking of, at least not yet, you can't, unless you do the transfer inscription,
which is like, wait, this is exactly like BRC 20. And except the only difference is,
is that the very first sale, if you want to sell your whole batch, you don't have to transfer and
scribe that. But that is the only difference that I've seen thus far. But I'm sure, you know,
more differences will come with time. But yeah, that's just my take so far.
Yeah, yeah, I think that we'll probably get into kind of the details of that the farther we go. And
we'll notice the difference, you know, 48 hours from now, or maybe a week from now of how it is a bit
different and a bit seamless. And we don't have all that extra bloat on the blockchain either. So that's going to help
with that. So it's not really that different. But I do feel like it is it feels faster. But I just
just think that's how great Luminex is doing. But we'll see it isn't faster at all. It's just it
does feel very similar for when I got it back in March. And I did also notice just side note,
if you're doing minting, check out other websites who like genie data versus Luminex. I noticed that
genie data was actually cheaper to mint on fees wise than Luminex was. So just something to point out as
well. Yeah, I've heard that too. I've heard that too. Um, yeah, good points. Um, go to vegan.
What up, man? Go ahead. Yeah, it's just a couple things. And actually, the first one was the
I'm losing you, man. He rugged. Vegan, you rug, bro. Here, he doesn't know. He doesn't know. He
doesn't know. Here, let me remove him. I can't hear him. I don't know if it was just me went
into a bad area. But, uh, okay, I removed him. Come back up, vegan. So what did you,
what am I going to DMs? Uh, be careful with Luminex. Uh, all right. I'll, I'll, I'll look
into it. Let me get back up to vegan. Vegan back up here so you can talk.
A re-sing. Come up here, re-sing. Talk about it. What the, vegan? What the friend? What the
fuck? Vegan? What the fuck, bro? All right, Brie. All right, vegan. All right, go ahead.
He's going to have to leave space and come back probably. Yeah, go ahead. Um, so this
is a Luminex thing. So, you know, I picked up a couple little bags of whatever on Unisat.
And when I'm on Unisat, I can clearly see, you know, if I click on the My Assets tab, what
I purchase. Now, when I'm on Luminex, um, and I see, uh, you know, like you can scroll
down to the bottom of the page if you're on the Mint Runes page and you, uh, it says My
Own Runes in a box at the bottom right. So I see that I own, you know, I managed to mint
500 Satoshi last night. Um, I don't see those in my assets on Unisat. No, even though I know
that's the same wallet that I use, how do I commingle these assets? Like, I don't, I don't
understand. Like, where do I see these assets? Where do I move them from? Like, I think my
thing. Oh, sorry. No, I was, I think, uh, what may have happened. What did you, are you
sure that you made it in before the, uh, the cutoff time? Because some people got front
ran and then their inscription still landed, but they didn't have anything in their assets
because even though the inscription made it, like you were past the cutoff time for the
mint. Well, it says My Own Runes. Would it say My Own Runes if I didn't actually make
it? I, I didn't have an example of that for myself, so I'm not sure about that. I'm sorry.
I think you're good because I minted, uh, I minted some Satoshi and it didn't go through and
then I minted again and then it went through and it says the same thing. So I think when
you go to Runes tab on Unisat and you go to the ticker, you should see my orders or like
my assets there. Is that what you're saying? It doesn't pop up also? It doesn't like what,
whatever I got on Unisat or on Luminex doesn't show up on Unisat. So I'm just trying to figure
out like, and this includes like stuff that I've pre-mined, you know, like, uh, like holdbacks
from stuff that I etched. Like I'm just not seeing anything on Luminex show up on
Unisat. And I'm just wondering, you know, is there an indexing thing? Like, I would love
to know how to see all the stuff that I bought in one wallet, you know, in one place.
You can check Bordy scan for that. I'm pretty sure. Um, but in terms of like, you know,
interacting on Unisat, I don't know, maybe they got a fixed fashion.
Yeah, that's weird.
Beacon, you made it back. Go ahead. And then we'll throw it at the reset. Sorry,
Twitter bugging out. So yeah, a couple of things. One was if you're looking at when stuff is
selling out, looking at Jenny data or however you pronounce it, G-E-N-I data, they will show
you how many are going to be minted. Like they're in the mem pool actually be minted, which is better
if you're like looking at Luminex or other stuff. It'll be 20%. You're on Genie data. It's going to
say 20% and 60% more is about to be minted. So I found myself ended up looking there a lot to figure
out what was going to go next. Uh, another thing is if you did split up your UTXOs, trying to be all
ready for what's ever going to happen. Uh, I did run into being dumb and finding out that if I want to buy
on secondary, like Unisat, I want to buy a large bundle of, um, whatever runes they are, because
you know, the bundles are always a better deal with gas wise and other reasons wise. Um, you can,
it's limited by your UTXO size. So I, however much you split it up, I can only spend 0.07 Bitcoin.
All of a sudden I had to go to a, recombine UTXOs or find money that wasn't split up. So I would find a
computer that if you're going to do secondary buys, make sure it's not one of the ones that split up
for UTXOs. Second, I was using Luminex and, um, Ord Wallet and, uh, Unisat and everything.
And the fees were changing. Definitely. Uh, well not an Ord Wall, but the fees are definitely
changing as I was going through the day, trying different experiments. So just keep double
checking what you're buying. Cause I kept noticing being like, I was just doing experiments.
Okay. Then I admit when I go back and I'm like, what the heck, this just went up in fees. Okay.
This one just went down in fees. So by the end of the day, Unisat and Luminex were like the same price
for what I was doing. And earlier, Unisat was much cheaper than all of a sudden Unisat got more
expensive. So keep watching it. Uh, I also on Luminex was using, right. You can do the auto
splitting and do the regular on testnet. I kept doing all this auto splitting testing and trying
to do way larger mints and it kept failing. Um, I can only do like 10 with the auto split.
You can do 20 at max. If you have it, like whatever pre-split. And so I was doing 20s on Luminex.
I was fine. Then I went over to Unisat and I was doing 40, you know, um, having it like, you know,
try and split for me and it was working too. So I don't know if anyone's done higher numbers
than that. I would love to know. Uh, last couple of things here is when I'm looking at collections,
I find myself cap is like the thing that I'm first gravitating towards. Right? So the cap is,
you can think about it as how many mints are possible. So for instance, you look at Elsa,
the cap is 10,000. You know that 10,000 individual people can actually mint that. Uh, then you looked
at like Satoshi was much larger. It's 168,000. So it's 16 times bigger. So it's like, okay,
that's why it's taking longer. That's why it's a bigger collection. You look at massive pile of shit.
It's 400,000. So you're like, okay, wow. That is, you know, 40 times larger of a mint than,
uh, you know, requirement than some of the other things. It seems like that 10,000 range seems
pretty nice, but we've seen the 168, we've seen 20,000, et cetera. Uh, let's see. That's,
that's pretty much it. I found myself using Unisat and then like the Ord wallet the most by the end
of the night. Um, rant over. Bye. I figured it out by the way, guys. So here's the deal.
What's up flame. Um, so to get stuff on Unisat with an expert's wallet, the workaround, right? Like
is that you have to, um, seed phrase import into Unisat and you can only mint with whatever wallet
has the BTC in it. Right. So the room, the rooms that I purchased on Unisat with my expert's wallet
are in my Bitcoin address. The rooms that I purchased on Luminex with my Bitcoin wallet
are in my taproot address. So just be careful, like what y'all are doing, make sure you're
isolating these purchases and getting them into your taproot address just in case. I mean, it doesn't,
it seems to work differently with UTXOs, but you know, because I haven't lost anything yet, but
I am going to move these to the taproot wallet address because I don't want to lose them.
Yeah. And resync's up here and, uh, when I saw the Luminex and it was, you know, they had a pretty
good, you know, you're minting and then it shows up at the bottom and then there's a little market
tab and I click, click in the market. They don't have their marketplace up. So I was like, dude,
where's this marketplace up? And then everybody's trying to figure out the cell on Unisat and
everybody's confused, but resync, you're in my DMs. What's, uh, what's, what's up with Luminex?
Hey, how's it going? Um, can you hear me properly?
Yes, I can. Beautiful voice. Uh, so my, uh, so a lot of people in my community kind of came to me
about Luminex. Um, the interface is great, but in terms of fees consistently, it was the highest
compared to the others. So I just, I was just pointing out that, um, just be careful because
you should definitely be price comparing. I know like FOMO is like really strong and before you
even submit a transaction, people are not going to test other platforms. Obviously the cheapest is
doing it through your own node. Um, and you're kind of paying for a service if you're not, but
I think that there's a little bit of false marketing and that there's the fees that Luminex is charging
is, um, exceptionally high compared to the others. And so I think I think that's intentional.
Sure. But I mean, everyone's making their bag, right? Like what is the reason for them to create
a tool that they're not monetizing on? Just make sure you're checking on all the platforms. Um, but
it's the link there, uh, I think I linked you to a thread, but, um, one of my community members,
Critson had posted that, like the example that he got of minting like Satoshi Nakamoto,
um, like his cost was like 0.00328 Bitcoin versus if he minted it on Ordi, it was 0.0021. And so it's
just, you're getting, when you submit it really fast, you know, or an ordinals, you think, I mean,
on Bitcoin, you think that the denomination is smaller than it is. Just be careful. That's what
I'm saying. Yeah. I appreciate that. Yeah. That, that is something that we need to definitely look
at. So what are, what are the, what are the places we need to look at? Luma, Luminex, what are some
other platforms that we need to like check prices on? Yeah. So there's, there's quite a few. Um,
and obviously everything's day one, right? So some things are on and off. You should definitely
check out, I think the Xverse was not really working yesterday, but some people say it's working
now. Ordinals wallet, Chisel, Unisat, Jenny data. Um, I have them all on my, um, on my, on my page,
but definitely check them out. And, but if you can run your own node and do it yourself,
definitely do that. Yeah. That's always the play, but yeah, I mean, half the battle is knowing
where the marketplaces are to check this. So like you have this on your profile,
is it in a thread or is it just like retweets? I quote tweeted like the different alternatives
to Luminex just to check, check everything before you submit. It's just an option. You
could save yourself some money. Um, but I, I just think that it's a little bit shady of
Luminex to not to, to do something like this, knowing that they were capturing the most like
audience attention yesterday in terms of its UI and stuff. And there's so much marketing about,
oh, we're going to be, you know, doing tools, but it is what it is, you know?
Yeah, it is what it is. Right. And I just pinned up recent, uh, a little thread breakdown of
everything, uh, competitive for Luminex. So appreciate you creating that and, uh,
pin it up there. So it's a great resource. Go ahead.
I just wanted to piggyback off of re-saying and also, uh, vegan. Um, essentially you should
definitely be very careful with Luminex, just not, not only because of the fees, but I'm realizing
there's something extra shady that I'm, I'm just realizing now is, so not only are their fees
higher, but if you look at the active mint tab and how the percentages are actually changing,
it's not, I mean, Luminex will show you like the progress of mint and the ones that are in
the mint pool, but it's always much, much lower than whatever Genie data said.
And especially with Satoshi Nakamoto last night, there was like 40,000 pending mints at like 99%,
even though on Genie data, it had said it minted out like 45 minutes before that.
So I think it's kind of shady because those are, those people are, you know,
Luminex is still getting fees on all those transactions too, even though they're, they're
not going to make the mint cut off you. Right. So just be very careful guys. And don't,
don't feel the FOMO. Just take an extra five seconds, 10 seconds, look at another website,
Genie data, you know what I mean? Like that five, 10 seconds is not going to matter,
especially with how the gas wars are right now.
That's true.
So it looks like Genie data is what we need to be in our, in our main bookmark here.
I get to compare prices. It seems like they got the lowest fees or they'll be able to analyze
what's minting accurately and what like the fees are and stuff. So I guess we need to use that.
Um, well, and Nifty, you came up here, you are beacon. Go ahead. And then I'm using Genie data
and always look at what's minting out. And like I'm saying, if you see 20% on Luminex, it could be
by the time you actually get your purchase in, it could be 80%. Uh, but however, it's not that there,
like they are showing things that are confirmed movement. Uh, Genie data will show you like,
here's the ones that people have actually attempted. These are, you know, you can see
dedicated transactions that how far it will go up, you know? So that's all.
Gotcha. Gotcha. Go ahead. Nifty. And then we'll throw it the floor.
Yeah. Just to confirm last night, I minted Casey's mom has got it going on at 65%, uh, came down into my
history illuminated orange with the confirmed, and then it never made it. So I never made it lost
the fees. So 65% wasn't even safe yesterday. Well, it's, it's not just that too. So what I
noticed on Genie data and a couple other websites, right? It'll like, if you batch three and you're
going to mint three, right? It'll say confirmed in your history. But if you click on that TX,
it's not confirmed in the mempool, it's confirmed in your, in your transactions in that UI, but it's
not actually confirmed in the mempool. So there's three separate transactions. If you're going to
mint three and all three of those have to confirm in order for you to get your batch. So like,
let's say you put those in and it said confirmed in the UI, but the fees weren't low enough and it
got kicked back like three or four blocks. You're not, it just didn't make it. You know what I mean?
Yep. All good. I did. Well, I mean, I went Elsa yesterday at 52% with a $340, uh, fee and didn't
make it. So I was even at 56% and it didn't go through. So yeah, definitely tough. Uh, go ahead.
Did I interrupt you? My bad. Go ahead. Nifty. No, I was done. I did get a, I did get some, uh,
uh, Satoshi Nakamoto's, but everything else fell trans or a lost the transaction. It's all good.
Fun to play. Well, Nakamoto was the first to listed on gate.io. So there we go. I don't
know how that's even going to work. I'm waiting for my R6. We won four out of the five pulls. So
we'll see what ends up happening. I got a big bag of that. So we'll see. Oh, I did want to ask one
question. So, uh, Rune Mania Minor, it was a very unimpressive tweet that they came back and,
and they, they said, uh, they got number 944. So they didn't spend any money to try to get that.
So I think that's, uh, unfortunate not to fund my own bags, but not a good sign.
I don't even know how much this Providence thing with meme coins are actually going to
happen after like the first week of this shit. I know it's the narrative right now. We're the
first 10, but like, let's scroll out like two weeks from now. Do you think that Providence is
going to be something on Bitcoin that's going to matter? I mean, name a meme coin that Providence
matters. Is it, it's Ordi, it's Doji, uh, it's Dogecoin. Like Providence doesn't matter on meme
coins. So I think right now it's just the narrative of we're the first 10 or the first 100, but like in
a week or two, three weeks from now, none of that shit's going to matter. And something in the 900
rune will take off because it built a community around itself and they're, they're constantly
showing it. So like, I think we need to like, at least look a little bit at some, uh, past
experience, even on ordinals, like look at node monkeys that has the Providence, the first hundred
K it has a great, you know, for 4.41, but Bitcoin puppets have no Providence. It's like a 60,
you know, 60,000 inscription or 60 million inscription. But why does it have the same floor prices?
The node monkey is because it has a rapid community that continues to show Bitcoin puppets. So
the, I mean, I don't, I think it really matters is like who's involved, what communities are part of
it. And, you know, obviously having KOL as part of it is a big thing. I mean, look at Elsa chart food
talked about it one time and it basically mints it out. So having these, these OGs talk about it,
like, uh, you know, like, uh, him and, uh, you know, farmer Joe is definitely going to pump the prices of
this, of the, some of these tokens too. So let's keep that in the back of mind. None of this stuff
even matters for real. So, um, I guess we'll throw at the floor and then, uh, I've been running the
space for about three hours while delivering, uh, delivering packages for FedEx. So I think I'm
pretty shot. I've been on the space for over 10 hours this week. So I think I'm probably going to end
it after you floor. So make it a good one. You always do a great job. So go ahead. Hey, uh, hey,
X, uh, I'm not going to ask you how you're doing because people already ask you that. Listen, guys,
you don't need to keep asking X how he's doing. He, he probably already answered that a million
times. I just don't understand why he's doing well. Okay. He's, he's working, he's, he's thriving.
So, you know, he's, he's, he's doing well. Moisturized. What's up, Floor? How you doing?
Yeah. He's in his lane. Right. Hey, hey, Trill. What's up, brother? Uh, listen, yeah, I have zero
runes. Uh, I really have nothing of value to add like many speakers today, but, uh, I did one,
I did have some alpha, um, dancing Eddie. You know, the, the developer of dance, uh, very successful,
uh, coin is here in this space. His name is captain dead pants. So I just want to let him know in case
that he, he wasn't aware that dancing Eddie is 12 characters. And, uh, and yeah, I just came to
check, uh, make sure that double ape was not co-hosting today. Uh, that was pretty terrible
yesterday. Um, uh, if you see double ape here, co-hosting, uh, please edge, uh, Arun, an SOS message.
It's just DM Zach XBT. Tell him you're witnessing a crime and, uh, yeah, to the air state four back to
you, X. Thanks, Floor. Appreciate that. Yeah. Uh, I didn't have anybody to co-host with me and double
eight had three hours of spare and had a road caster. So that's why he came up and he's always
reliable. Like he's, you know, gotta get someone provocative that can keep the space going while
your boys delivering packages. You know, everybody hates that awkward silence and space is the worst
thing. So having someone up here that can talk and be provocative and create a conversation is kind
of why I need a co-host for majority of the time. But man, it's been a long week. I just delivered a
fucking lawnmower across the street. That was 75 pounds. I'm going to end this bitch. I'll see you
guys on Tuesday. Obviously Eddie and, uh, English are going to be hosting a daily office space tomorrow,
Sunday, seven 30 Eastern or seven 30 central, eight 30 Eastern. It's TDA or stay poor. We'll
see you on Tuesday. Hopefully chiefs back and, uh, love you guys. And, uh, add me some room group
chats, man. Like what's up, man? Why am I not getting added to any fucking group chats for rooms?
Like we need some rooms group chats and we need pump.fun on rooms too. So whoever create those
two things, add me some group chats, create pump.fun for rooms. And, uh, we'll be back on Tuesday.
Love you. TDA or stay poor. Talk to you guys then. Bye.
Love you back.
