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THE DAILY ALPHAβ»οΈ
Recorded: Sept. 18, 2025 Duration: 2:05:54Space Recording
Short Summary
In a recent discussion, crypto enthusiasts analyzed the implications of the Federal Reserve's monetary policy shifts, highlighting potential trends in the market as rate cuts loom. Experts noted that the current economic landscape presents unique challenges and opportunities for crypto investors, emphasizing the interconnectedness of traditional finance and the crypto space.
Full Transcription
Thank you. Thank you. yo what's up what's up what's up welcome back welcome back welcome back it's september 18
20 25 we appreciate you stopping by.
Like and repost the space.
Greatly appreciated.
Allison's thread from yesterday's show is pinned up top.
Any engagement, any support is greatly appreciated.
So, appreciate you stopping by.
Hopefully, we got something here for you guys to learn.
And we'll get it going.
Obviously, yesterday was Jerome Powell. It was that FOMC meeting and it was the big day that everybody was here and waited for. I listened to the meeting
and it was pretty hawkish. I didn't see much in it that was bullish other than the rate cut itself.
And, man, lots of confusion is happening.
And, obviously, during his speech and when he was talking, we broke below 115.
We got down to, I think, 1148.
And then people started asking questions. People started
looking at the dot plot. And people started coming to the assumption of different things
that are actually being spoken about. And I think that's why the market is possibly pumping here.
It wasn't a good meeting. It looked like jerome powell was kind of forced into this situation
um from trump's rhetoric and it's just like a lot of conflicting things that are going on in our
economy that uh don't look great um i will pin up a few things that i saw um that are kind of
conflicting to me obviously i guess the first thing is the mortgage rates
rose after the Fed cut. So 30-year fixed mortgages rose to 6.84, increasing by 12 basis points from
last week. 15 years, up 5%. Five-year, up 7%. Refinances and 30-year fixed rose from 6.8.
Our fixed refinance from 6.8 to 5.64.
Federal cut interest rates in September by 0.25, but mortgage rates rose.
And so that's weird.
Also, the market knows that the Fed will now prioritize labor market overinflation,
and it's looking like they are predicting about four more rate cuts by 2026.
But I think the big thing that is what everybody is looking at is the new federal governor that
came in, Stephen Moran.
And what I was talking yesterday, it's not so much what he says or we've got to look
at the
dot plots. And the dot plots are basically what all the Fed governors basically predict where the
economy is going in the next year. And if you see here from July dots to September dots,
the only person that is at a 50 basis points in September was Stephen Moran. And this is the guy that has been added to the
governors after that one woman left after the BLS statistics came out and the jobs were underreported.
And she actually left and she resigned. And Trump basically appointed this Stephen Moran guy,
which is basically someone that is a Trump associate.
I think he helped out with financing Mar-a-Lago. And out of all these dot plots, he's the one that
descended the most. He's the only one out of all of them that got to 0.5. And so what I think
is actually happening here is like, people are starting to say, we don't care about what Jerome Powell thinks.
It's over.
He has eight months left.
And this market is so word forward thinking that this Steven Moran guy has put himself
in the front of the line to replace Jerome Powell in eight months.
And people are looking at, okay, if he's going to get replaced, this guy is obviously wanting
to cut rates drastically.
And I think that is what the market's looking like. Because that meeting wasn't a great meeting.
It wasn't. People were talking about stagflation. This is the only time that we've ever cut rates
when PCI was this high. And we've never done this before. What was the one that I saw yesterday?
Like this was out of the ordinary of why we are actually cutting rates based
off where the economy is right now.
And so the fact that we are now pumping out of this, I think ultimately the
market is forward thinking, thinking that when Jerome Powell leaves in May of next
year, Steven Moran's going to take his spot, and he's a Trump appointee.
He's basically going to do what Trump wants, which is massively cut rates,
which is going to bring us down to 1% to 2% interest rates.
And I've shown you charts past where that typically starts pumping markets.
So I was pretty concerned with the meeting.
There's signs of stagflation.
There's signs of they're not paying attention to inflation anymore.
They're looking at labor markets.
Jobs are drying up.
They're cutting rates.
I mean, we said that, right?
About the whole when they did the they're not going to hold it to what was it before?
Two percent?
Yeah.
Isn't that what?
Yeah.
When they came out and said that they weren't going
to hold it to and i mean basically what's going to happen or the way that this balance is out it's
like well be happy that you have a job well it's like well the money i make is barely enough to
survive and i can only just buy what it is it's's like, yeah, well, but you have a job.
You could not have a job and it didn't matter, you know? So it's like, regardless of the fact
that they're gonna try to sit here
and prioritize getting people jobs,
the price of goods is still going up.
And so you're still stuck
with either having to print more money, right?
Or it's just still a cycle of quote unquote poverty,
so to speak, you know?
100%. Right. Or it's just still a cycle of, quote unquote, poverty, so to speak. You know. 100 percent.
I think Nick Tamaris works for The Wall Street Journal and people call him the Fed whisperer.
He says this marks the third time in Jerome Powell's time the Powell Fed has embarked on cutting without the economy facing an obvious downturn.
But the stakes differ from 2019 and 2024,
given both inflation profile, stickier,
and policies and a confrontational White House. The goal is something akin to 1995-96,
but the risks are 1967 inflation or 1990-2001-20-2007 recession.
So, like, I don't know, man. i don't know man i don't know now everybody's saying that the
this this cycle is going to be longer man that could just be a psyop to make you guys think
that this is bull market and we this bubble could pop anytime in the next two to three months and
we could have an 08 like
market collapse and what do you think is going to happen to all our assets they're going to
fucking pop just with it dude and so i don't know man i do think the four-year cycle i don't know
about that though i don't know because this is i don't think it's less dependent on the fact that we have more players and bigger players.
Now you have not only institutional money. Right.
Because I say that's still dependent on, quote unquote, like American.
I would just say the American economy. But you have nations that are bidding.
You have nations that have massive reserves and you just have outside pressure rather than just the american
people's good standing or how our economy is right i think we are a big uh factor and a large sum of
the buy pressure right all of the etfs and all that kind of stuff but i just don't see the same
style or as big as a dip uh as previous cycles when we had downturn, you know, and that's just surely
because of the fact that it's like you have more of it just sitting and even unaccessible to people
through ETFs. Yeah, I mean, I still think that the bubble could pop and we enter a recession
and market dumps. But once we start cutting rates by 0.5, whenever we get the new Federal Reserve in, doesn't mean that that won't spur a new cycle or pump the market back to where it is.
So it's going to be interesting.
The next eight months is going to be very interesting.
Obviously, we have about 40 days.
If you're going by traditional four-year cycle left in this four-year cycle, and everybody's calling like it's by the end of 2026.
this four-year cycle and everybody's calling like it's by the end of 2026 uh and now people are
saying you know with etfs and dats and institutional adoption this is going to be a longer drawn out
cycle you have that crowd um but i think the crowd another thing here is that we enter a
stagflation period or a recession and we actually don't get relief until we get a new governor
uh of the fed a new chairman and when they start cutting rates drastically, maybe that's when we see the market rebound. So, I mean, I don't know, dude. I listened to that
yesterday. I'm like, dude, this is like bad. They're doing shit. This stagflation isn't great.
Jobs are collapsing out of nowhere. Market inflation, mortgage rates are still rising.
Like this isn't a scenario where this rate cut is going to do anything really to anything.
Like when you get rate cuts, people, you know, the mortgage companies and the banks start
lowering the rates.
They just, they just raise mortgage rates based off this.
So there's some conflicting here.
And I don't want to believe the hype here of like oh we're back
like i and you guys have all seen in the past 12 hours everybody's you know everybody's dropping
their tge announcements people like look at my pnls everybody's coming out of the woodwork again
i just feel like this is another um short spurt and then when people start actually doing the
doing the analysis of what's actually going here the economy is not looking great and uh i don't
analysis of what's actually going here the economy's not looking great and uh i don't know man
know man i think that maybe the four-year cycle does play out and this does end a lot sooner and
then we don't get really any kind of momentum back until we get more rate cuts um but i mean you just
look at the probability we're getting the they're basically predicting four more rate cuts by this
time next year but i guess like you you feel all of this all just due to jerome powell's like speech
or lack thereof well just more of like there's no reason to be cutting rates other than trump
wants him to so he kind of he capitulated well no it's not because trump wants him to i mean
you have to balance out it's a barbell and and there's only one way to keep it balanced is by
either putting weight on one side or the other.
The only way to fix or to attempt to try to fix unemployment is to try to fix rates or cut rates
so things hypothetically get quote-unquote cheaper,
and so people can decide to work a cheaper job and go back to work.
When inflation is through the roof, people are like, I can't afford this
anyway, so I'm not going to subject myself to XYZ job, right? So the idea is balancing the barbell
with cutting inflation. That way people assume things are cheaper and then say, well, I guess
I don't need the $25 an hour job anymore. I'm willing to take a $10 an hour or
15 or 20, whatever the fuck. Right. And kind of just move in that sense. So it's just an attempt
to try to balance out one or the other. But I don't know. I mean, I think that that's the main
reason of why. I mean, that is the reason why it's happening. I just don't see it as a bearish
indicator because of the fact, um, uh like, just our economy's health, right?
I think that, yeah, our economy's health was the contributing or the primary factor for the last cycles in the last, let's just say, 10 years.
But it no longer is.
It is a big factor.
I would say more than about, like, 50%.
But, I don't know i mean i can still have faith that that 40 you know
let's just say 60 40 eventually the 40 will get big enough to where america isn't as um the the
leader so to speak i i see us like like the the bell curve of crypto adoption is still tied to
the stock market and if there is a bubble pop where this pops,
the crypto market's going to take a hit also.
And I mean, I'm just looking at yesterday,
there was a report that the US credit card debt
is all-time high.
We're basically entering a cycle of new homes for sale
in the US SouthS. South Southern
region just surpassed the 08, August of 06, which obviously two years later, we had some kind of
recession based off homes. But I don't know, man, I'm just reading a lot of people that are like,
yo, this is the economy is in a pretty bad place. And we're entering kind of like a worse
scenario than we actually saw in
08 um this henrik zinberg he's the one that posted the new home sales for u.s region he says remember
there are analysis telling us that this this is early cycle we're heading right into the worst
recession since 1930s blow-offs top is still developing but we can see an end to it and it's just showing you that home sales uh new homes for sale are up so people are trying to get out of their homes trying to
find money credit cards up mortgage rates are now uh increasing so i'm not saying that crypto
crypto is here yes there's more people coming but like if we enter some kind of recession
that would affect the crypto too.
So I don't know, man.
Like obviously this is-
I do think that, I mean, I'm not, in my opinion, we've already been in somewhat of a recession.
That's why we haven't seen retail here.
Very few people have spare money to participate and invest anyway.
I just don't see any of this as new news.
Like we knew all of this.
But they haven't confirmed it yet And that's the things like typically that's priced in as soon as like, okay, we're in a recession
So like I don't know yes, we have all already knew known it but they've been talking about like, oh
Is this healthy job economy? This is this is healthy. This is this and that
But I was like as I asked participants
We know that's not the truth because there's no one here, you know, if that was any relevance of the truth
We'd have some people dabbling or wanting to participate or or some enthusiasm and I mean even the crypto natives are aren't sticking around or finding enough
Opportunity here. So I mean that's just why to me
It's like it's not like any of it was anything new in order to change my
stance than it was a week ago like we knew it was bad people talk about that all the time we know
that it had to break in order for it to even get good i get where you're coming from and i guess
that this just makes it official and so some people were waiting for this to make it official
kind of thing no but in reality official yet it's not even official it's like it's starting to
look like it's about to happen and when it's official that's typically when it's not even official yet. It's not even official. It's like it's starting to look like it's about to happen. And when it's official, that's typically when it's priced in. And so we're getting to the point where it's starting to become more and more likely we're about to day we know it we see it but once it's confirmed by macro analysis in wall
street that's where that's where you see the massive drop and then that's typically where
we're at the bottom is when it's confirmed and then we go up from there so i don't know like
we've been holding on like housing hasn't been selling like you know the people that are here
like as the service providers know that they've been feeling this a lot longer, regardless of whatever they say, you know, housing surplus at an all time high,
rates at an all time high, you know, just stuff like that.
Yeah. And that doesn't mean that, yeah, the car market is fucked.
Yup. It's all, that's what I'm saying. Like,
doesn't mean typically we see blow off tops right before recessions, right?
Like when we saw the, the housing market was flying in
a way and then it popped. So I'm like saying like this could be a shorter cycle. Everybody's calling
it longer. We could get a bubble pop sometime in the next two to three months. And that's kind of
going to correlate to the end of the four-year cycle. Like everybody wants to say that it's
different. Maybe it's not. I'm the one that's been saying it's going to be different, but maybe we
actually don't get relief until we get high interest rate cuts.
And that's not even until May of next year.
And also something that's happening at the end of October or the end of this month is the PPI financial.
It's similar to PPI, but for people that took out government help for housing during COVID.
So you basically signed up for this hot, you called this hotline,
you gave them your credentials, you can't pay your mortgage because you're out of job,
and the government basically assisted you paying your mortgage for the past four years.
That ends at the end of this month.
That's why there's that search that's at an all-time high right now.
Did you see it?
Yep.
Help paying mortgage yep so that
that people that have actually been paying the government helping pay their mortgage for the
past four years that ends in less than 15 days so you're gonna see that you're gonna see a massive
spike of homes being listed you're already starting to see it and so you're gonna have a
massive housing crisis.
Mortgage rates are going up.
Like, how is that not similar to what happened in 08?
And that bubble collapsed and collapsed the stock market.
All the top assets that were ripping before that happened.
Oh, we're in a bubble.
Yeah, you were.
And then it popped.
So it's just like, there's a lot.
Like when I listened to that, I see stagflation yesterday.
I see Jerome Powell's capitulating to Trump.
He shouldn't be cutting rates, but he did.
Great.
That's great for our bags.
But I'm looking at the macro economy and we all see it, dude.
It is tough.
It is hard.
Debt is spiraling.
Mortgage rates are going up.
Housings are going up.
This looks nothing like a healthy real life market.
And so I'm thinking that this is a bubble and you can make a lot of money before the bubble pops. But I'm just saying like this could change on you wake up one day and all your
assets are down 20% because the stock market had to turn on the circuit breakers because everything's
collapsing based off something that happened similar to 08. So I'm just saying like we've all,
I've even speculated that this cycle is longer. I'm just saying, like, obviously this is going to heat up.
Like, obviously you've seen it in the past 12 hours.
People are going risk on.
And I just don't think you guys should be holding,
thinking that this cycle is going to last until the end of next year,
or into next year.
I think you guys should be, if you guys have been bags or packed,
try to take profit on the way up because this economy is not shaping up to be one that is sustainable. And all it takes
is one tweet or one, you know, one big analysis to say, yo, we, we're in a recession and all our
assets are collapsing. So yes, we're going to make some money, but don't think that this is going to
last, you know, longer than it is in my opinion. And I'm, you know, I'm trying to come up with conclusions. I'm trying to, the more information I come to,
I'm trying to change my opinion. And I don't know, yesterday wasn't, wasn't something I thought was
a very bullish day for everything, but I don't know, getting a little into the weeds. Obviously
that's just me looking into shit. Maybe I'm wrong. Maybe I'm right. Who fucking knows? We'll never
know. Maybe we'll know next sometime next year, But I do think Stephen Moran is the top nominee for replacing Jerome Powell.
And you've seen with the dot plots that he wanted 0.5.
And so as soon as he gets in May, you're going to see massive, massive rates, cuts, rates, 0.5s, 0.75s.
You're going to see crazy rate cuts, which is going to be bullish for our bag.
So it only is eight months away.
If there is any popping, we do have some relief
of less than a year.
So I do think that will be something that might bring us
out of where we were.
And yeah, man, that's basically all I saw yesterday.
I mean, during the speech, bro, I mean, that guy talks.
His voice is just, his voice just makes the market drop, bro.
His voice just made the market just
go and then as soon as he turned off that mic uh just like a live stream uh that price started
skyrocketing we went from under 1400 or 114 all the way back up to 117 uh in less than 12 hours
after he got off the phone so man those were And then, obviously, we had some news yesterday that the approval of generic listing standards for commodity-based trust shares, including crypto ETPs, is a landmark decision that brings the SEC back to normal course.
ETPs are the type of remarkable efficiency that well-understood products.
So, this is basically leaning to some kind of staking inside ETFs.
And actually, you getting an ETF for your coin is going to be simpler and simpler. We've kind
of had that probably like a month ago, where the SEC and commodities exchange were coming together
and said, we're going to make this easier for ETFs to get listed in ETPs. This is also going to set
up staking inside of ETFs,
which is what we've been asking for for Solana
and which we've been asking for Ethereum,
which is going to be interesting.
And Mert had something interesting
about just the whole DATs.
I don't know if you read that,
but he's basically saying,
if you're going to be able to involve staking in ETFs,
why would I get into a DAT?
So this is interesting for DATs. It's easier to do an ETF and especially staking in ETFs, why would I get into a DAT? So this is interesting for DATs.
It's easier to do an ETF and especially staking ETFs for these coins.
Then DATs are marginally less attractive.
And the supply for these coins on institutional side increases relative to demand,
which means the DAT needs to start going farther along the risk curve to compete.
So a few reasonable conclusions to make is more capital
will go to DeFi.
With compressed timelines and bigger DATs
have a better chance of eating up smaller ones.
Think a Solana DAT eating another altcoins DAT.
DATs start acquiring smaller revenue generated startups
faster and increased risk for some DATs
doing something degenerate to compete.
MNAV compression happens faster.
So now that you can get exposure quicker, faster, staking through an institutional grade
ETP, you don't have to go and invest in a stock.
Now these stock companies that actually created these Solana and these other DATs with Ton
and BNB, they're going to have to start using that capital in a more
degenerate way to compete. So putting it into a Camino, putting it into a staking limit so you
can get more yield, so you can buy more tokens. So it's like, this is good for business because
now that this capital that's just sitting in Solana has to go add TVL to DeFi protocols,
which will boost up those DeFi protocols with TVL,
and the metrics will look good for that. But I think this is good competition. Obviously,
we've seen the rise of DATs, but now that you can get staking inside these ETFs and actually get
ETFs spun up in an instant, I think a lot of institutional-grade people with a lot of money
rather do that than actually invest into a stock company. So it just brings competition. This capital just can't sit around and not do anything.
It has to move and actually it creates opportunities for these DeFi protocols to
actually attract that TVL, lock it up, earn yield, and then use that yield to actually generate more
revenue for them to buy more of the solana or maybe the
underlying altcoin that is associated with the staking or the d5 of like the dat it has so
that was some just macro stuff that i thought was pretty interesting yesterday um i thought something
happened with i mean those d8s right it's basically what we've been saying it's that's
that's our black swan bro i mean it's unfortunate or unfortunate to say but it's basically what we've been saying it's that's that's our fucking black swan bro i
mean it's unfortunate or unfortunate to say but it's very different uh when sailor was doing it
right that sailor micro strategy was a revenue generating business before let's just say becoming
a bitcoin selling company right like they had their own way. The stock had its own evaluation.
You weren't a shitter adding it to your balance sheet in order to for it to be your saving grace
kind of thing, you know, and ultimately the level of average, right, or your average entry costs.
That's what's going to be the downfall this upcoming cycle. Because assume what you said with the economy not looking as hot as it is.
If that happens, all these little proxy treasury companies are cooked, bro.
Like they're done.
Right?
Because, I mean, it's going to trigger liquidations due to basically the loans that they had to take in order to keep buying it.
And, I mean
Sailors the only one that's in the 60s I
Think is or 70 after these last couple buys, right? So
Assuming they didn't go on the D gen curve and go something other than Bitcoin
Most cost of entry is probably somewhere in the 90 to 100, bro
You know, I mean, I've heard I've heard like speculation i think michael even staler had uh
asked like what he's going to do during the bear market um for his micro strategy uh he was talking
about taking like call options and shit on uh micro strategy and then using that revenue to
buy more bitcoin i think that's what he said yeah he was on stage yesterday and someone asked him a question of how during a bear market, how is he expecting to actually keep MicroStrategy afloat?
Let's see if I can find that.
But just because that crypto goes down doesn't mean that they have to sell the crypto.
Not him specifically because of his controversy.
The companies that have it too, the companies too don't have to sell the crypto right oh no they
just have to have a stock or be generating revenue to basically be able to pay off any loans or
anything that caused it you know yeah and then they have a lots of ways where you can you know
create you know stock buybacks you can create more more stocks and cut the offering or create more shares.
So there's ways to manipulate your stock that you can't manipulate a crypto to actually prop your stock up.
And obviously, a lot of these stocks during the bull markets, they trade 1%, 2%, 3% over the value of what they have on hand.
MicroStrategy is known to be like 2% to 3x the price of what actually amount of Bitcoin they have.
Well, during bear markets, there are going to be times where this is under MNAB.
But the thing with the stock is that there's lots of ways to manipulate stocks that you can't manipulate crypto.
You create more shares, you can buy back, you can do a bunch of shit. And just because the stock drops
doesn't mean ultimately they have to sell the crypto because they're underwater on the crypto
that they purchased. So yes, they can. Yes, there will be. But that isn't automatically just because
they go under, say they bought it at $90,000 and it goes it goes to 75 000 doesn't mean like okay this is a
cascading event everybody's selling their their bitcoin because now they're underwater from their
entry there's a lot of ways that they can manipulate the stock to prop it up right so
and it doesn't automatically um like liquidate you either right typically these things are backed by
collateral uh to where it's like the price doesn't have to drop when they have their own shares or their own funds.
You know what I'm saying?
So that's why, I mean, the companies that were companies, yeah, they're going to be fine in that sense of, hey, if you were generating revenue, if this was just a way to hedge your bet.
But if this was your saving grace, then when the price falls, you're going down, bro.
100%.
100%. grace then when the price falls you're you're going down bro 100 100 i think like like the s bats or
some shit like that the ones that had absolutely no revenue or nothing and then they use this to
become relevant again i mean that's it when this goes down how are they going to pay back loans or
any kind of hedging positions they did so yeah i think it's better to be in the dats like s bet
and then ethereum on the way up but i'd rather be in ethereum than sbet on the way down just put it that way like so it's like
it's definitely i think a lot of people will sell their stocks and move back to ethereum the people
that are using sbet as a proxy multiplier for their ethereum exposure and others so
it's interesting times scotty's up here he's an interesting guy what's up man how we
doing this morning what's good oh what up bros nah man i always can count on you guys for not
covering the dumb shit on the timeline so just super refreshing uh to hear some brain talk uh
especially all the goofy stuff going on the last couple weeks so i'm just soaking up the
the alpha as usual man just happy to be here be here. What, been your birth on PumpFun?
Are you talking, is that the goofy stuff you're talking about?
Yeah, it's just crazy, bro.
Like some of like, you know, I ain't going to dunk on the homies and call them out by name.
But it's just like even some of our homies, bro.
It's like, here you go again, bro.
Like pump, like making these posts that you made about friend tech that you made about Blur.
Remember these same people told us that
the owner of blur was the most smartest dude in web 3 and he is gonna change the game and and
bro i just feel like crypto twitter doesn't have like a narrative right now you know what i mean
i just feel like this is okay let's rewrap the bullshit that we've tried before with live streaming
like let's let's call spade a spade
and it's crazy like i see all these web 3 people who don't have no connects in web 2 tell me how
this is going to bring web 2 celebrities and bro it's only going to bring people that are are money
thinking first bro like oh we said that i said that yesterday scott i'm like dude the real people
got managers and contracts
None of this no amount of money you flash in front of them is gonna make a difference of what how much they can actually make
For just the motion that they have right you're trying to get bag workers and basically motherfuckers that need to work
To make money to come on and work to make money
None of the kaisen odds the the FaZe Lacey's, none of those
people need to technically work, bro. They got millions of offers in their inboxes to just do
whatever the fuck they want to do, wherever they want to do it, right? And I think that's the
interesting part too. It's like, when are they going to come in? I mean, they're not enticed by
the 100k. I mean, homie, what? Kaisenada not denied I think seven million when he tried to get poached for his like stream-a-thon or something like that
Like they offer real money, bro. Not like baby money or whatever, you know, that's a lot of money to us, too
But we're talking like
10, you know two three million
Figure million digits like deals and shit. So I just think that that's interesting, too
It's like yeah, it's attractive to people who need money and who money is the objective
But the actual content creators they've already made money. So there's most of them are kind of good, you know
and chief like let's take the there's no arguing that
Roberto RPN
Slash metaverse, you know on Instagram instagram he's the biggest web 3 creator that
went like full tech this man is getting million dollar deals with apple and facebook bro and
meta why the fuck would he go drop a pump fund and this is a guy from our own space the number one
and this is the guy i always say if you want to be creator look what rpn has done right he was
all web 3 he had metaverse already and then he pivoted to ai um ar vr tech but he still covers
blockchain but he covers everything not just one thing and he still runs the metaverse page but he
doesn't just post fucking web 3 shit from metaverse and he's literally dropped the blueprint get the fuck off x right
you still have your x as one of your tools but you can't have it your end all be all if you want to
be this huge creator and like chief said i always hear the same names oh wait till kai sanat wait
till bro they're not coming kai sanat be kicking people off his stream for swearing you think he
gonna represent or uh mess his brand
leverage up by going on something like this where there's a dude the dude who faked with the no arms
the guy who faked he was a paraplegic the guy who was whacking off well and the only thing to offer
is money that's the that's my whole thing right we gotta have something else to offer these people
for their for their people besides just money because
most of these people have made bread if they're that much of the apex predator because we need
them over here i mean money is the last thing like i said that's gonna sway them they've made
a lot of that on the way up and they're probably making it at the top as the apex predator you know
so that's kind of what i was telling x it's like it's cool in a sense but the first question those people are gonna ask too is like okay so do i get paid just for streaming
no it doesn't matter you could have two million people watching your stream you're not gonna get
a dollar unless they buy the coin okay cool cool cool what do they do with the coin oh they just
sell it to the next guy oh what the fuck like how does that even make sense you're
like well what do you mean they just sell it to the next guy yeah yeah they just sell it
to the next person that comes into the stream and that wants to buy the coin and you're just like
so that's it and you're like and that's how you get paid and numbers wise right guys like so we
ain't gonna say the girl's name everyone's like there's 1200 people live in
this stream bro go check on some web 2 numbers bro that won't bro like stop the fucking weirdness
bro like let's take a tier 3 influencer right like let's fuck the kaisenats and all the top guys
they're never coming let's take tier 2 and 3 let's take someone even who fucked with web 3 for a
while alexis ren 20 million followers across all her socials
not a household name but still again 20 million followers which is more than anybody on this
fucking app by tenfold she ain't coming let's take let's let's take all these clip boorers right
let's take content now since we're being very specific you can can take somebody like EBKJbo, a rapper,
that's not even a household name.
His clippers get more, one clip,
one clip of EBKJbo with neon gets more than the top 10 on NFT and spec fucking combined.
But we all think everyone's gonna come here
and do this shit, like cut it out.
I've had enough and I'm at the point where even our own friends, I'm ready to challenge them.
On the timeline and person, I'm screenshotting all this bullshit,
and I'm going to come with Michael Jordan from the free throw line in six months
where we know where this yellow brick road ends.
And nobody's going to...
And the thing, too, that's funny.
I don't know if anyone actually knows or uses Twitter outside of CT. There's real CT
Influences and you can see like the people that got motion. They're like fake a nods
They don't have I mean they have JPEGs, but it's not like a JPEG, right? It's just a random picture from the Internet
those people
Like shit on all the numbers of CT combined bro like the the parody accounts, right?
I think there's like three or four of them that are like CT famous
And they like they kill the game, right?
So I don't know you're competing not just with with us or not with just the people, you know
But and then there's also like the people that actually use this app and that we don't know that don't care for crypto at all
That's still pull bigger and better numbers than most of us but i just think that that's interesting part is we need to offer
something besides money to these people and i mean i don't we don't have nothing yet well i was
thinking like there needs to be more help from the pump fund team to actually add some reason why to
hold the token because it's all attention based right like if you have bad shitty wi-fi if you
if you're doing something behind a screen,
you're not doing something unique,
there's no reason why once the camera turns off,
I'm going to hold the token.
And I mentioned just a few things
that I think they could do.
They could lock down chats, messages to holders,
X tokens, pay tokens to boost chat messages,
but stream pay tokens to be on stream,
instant prediction markets in the creative native token,
unlock emojis with tokens, unlockable hold time badges in the chat one month holder holder only
streams ads that pay the streamer and burn turk or burn tokens remove ads with tokens cross streaming
one token many streamers instantly distribute creator rewards with all viewers natively built
token giveaways and raffle tools, token gated polls.
Like there's a lot of stuff that these creators need help with to actually create a stickiness with these coins.
If it's just based off attention, you're going to go down the far left curve of attention
where people are going to have fucking kids to get your attention.
And the token's going to drop once you turn off your fucking you're off the thing so
these creators need help from pump fun to actually make this more dynamic and why should i hold this
token other than because it's attention maybe i get some kind of just like we saw with nfts
like i could buy a piece of art from a gallery but i never get to talk to that artist but i hold
this in a t now i'm going to chat and i'm going to ask him questions. So I feel like once you create some kind of reason why I'm holding these tokens,
all these tokens are going to be shitty.
And they're not, it's just a token base.
But I also think something I saw interesting,
that we might get away from just creators.
Like we just think of, we're live streaming, this is a human, right?
Yesterday I saw something interesting that I think might even start a meta.
So yesterday we saw the gold statue of Trump in Washington, D.C., right?
And there was like six tokens, right, that were created of this golden statue.
Well, some genius person decided I'm going to go down there and start a live stream
and start asking questions and have a live video
of this statue it it was the biggest token out of the six pve gold gold statue tokens
that actually succeeded because there was a live video of the token so the live stream
actually adds a new dynamic to attention that isn't just a static image of a picture. You can now probably start seeing live
video, like God forbid, like the Charlie Kirk assassination. Just imagine, we saw how many Kirk
fucking tokens they were. It was disgusting. Just imagine if someone actually did a pump on of Kirk
and was asking questions at the site of what's going on. That Kirk token would be bigger than
all the other Kirk tokens. And I think you're going to start seeing that actually this isn't about people.
This is about how to compete with what attention is and what memes are now.
And let's add a live stream metric to the attention and like news events, statues.
I don't know.
Like I'm just trying to think of other ideas that were you could just pop up.
Like maybe there's a massive tornado that goes viral in your city and you go and you create a token for it.
And now you're like looking at the properties and you're looking at the destruction.
That token, those tokens are doing better than the static ones.
So I think this is an extra element that is going to be added to meme coins in the future that we haven't had before,
which is kind of creating a live stream or a video version of what's actually happening with this meme in real time so thought that was
interesting it's something i think about yesterday we're looking at like people adding gopros to
their cat and i go okay that's different and then yesterday i saw that golden statue and there's
like six of these and the one that actually had the highest market cap was the one that was there
with the live stream and that was there like asking people about it and wondering what's going on and it kind of makes me think it's like
is that going to be the new way to garner more attention than just a static meme and i think
we might be on to something here so you know another thing that that's really struggling
and i don't give a fuck what anyone says or things these web 3 content creator houses like
cut it out bro like some of these got, like, seven fucking streams.
Nobody from Web2 fucking cares what you're doing, bro.
Like, if trading was that cool, people would have been watching motherfuckers trade stocks and Forex and all that shit, bro.
A regular fucking grandma.
Bro, no one, no, there's no trading yeah like it's my craziest part is that i've never
once seen someone sit at the computer and be like look something's trending i'm gonna make
some money and then go about my day how fuck you stream 24 7 and you're a trading house and
ain't no one ever on the computer ain't no one ever trading like that blows me bro i mean i'd
love to tune in and see someone sit down hit a lick
And then walk off put their rolly on and be like yeah, that's what this is what I do
You know, I hit a lick for five souls
apartment in fucking downtown Austin and then flex on the fucking, you know
I ain't gonna yeah, no, I just think that that's funny like to me
Bro, we been to your house fam. I've been I've been no. No, yeah, just to me, that's the difference, right?
Like, if you're a trading stream, you're a big shitcoiner guy, then cool.
Like, flex you hitting the lick out the ether or out the soul, out the salami, out the deli,
and then going about your day and be like, yo, yeah, I mean, I do this, right?
I don't have to sit here and get insider information.
I don't sit for six hours like I'm him and I've yet to see that I mean
I'm not to say that you know, it doesn't exist and that they don't trade on their phones
But it's just I've always thought that was interesting on all these 24 hour trader streams and I'm part of crypto
I ain't never seen anybody crypto
Like do crypto at all
We're trying to hit these eight to ten x's while motherfucker
you could have just bought ondo at 19 cents bro and wait you know what i mean i it's just kind of
comedy that some of these most worship traders in these twitter spaces bro like i've been to your
house bro you're you're nothing but cap yeah you might hold something for a minute but we know what
you do you you're gonna ride that wave all right back down and i'm
gonna see you in nftnyc you're gonna ask me for some business development connects like it's the
same people again watch the same people from 2021 who didn't make enough money to cat off and get
the fuck out of here like shout out like oxb1 and some of the big dogs the same grifters that
push friend tech on you that push blur that said Pac-Man is the most important human being to ever come to Web3.
Bro, it's the same dudes fucking pushing pump fun is the next game changer.
And it's like we used to say, remember fucking Chief Express?
We used to think people were going to get smarter, bro.
And I take it back, bro.
Because it's like the same thing, just in a different costume.
And people fall for it every time.
We don't get smarter, just less people leave.
Or more people leave, right?
And that's why it's less and less of these creators that create the narratives.
There's only a few people in this space that actually can create these narratives.
There's not enough people that have enough emotion in this space
to actually create these narratives to get people actually activated and moving.
And so I kind of do agree. It's just like, I think people are just looking for opportunities
and they're going to put their morals to the side and like, okay, this person typically
when they talk about something, it pumps. I don't know what they're doing. And there's a reason why
these live streamers aren't, you know, the ones that make money aren't live streaming because we
saw what happened with Libra. Like what happened? You saw that it's all insider information
and they get arrested for it.
So there's no, the reason why these live streamers
don't trade is because they're not actually good traders.
They're actually just getting insider information
and making money off that way.
And they can get trouble for actually live streaming.
And then your gay kept espresso when they go,
yo, Scotty, who, you know, XRWA company,
yo, who on crypto Twitter should be should be used and then i get
handed a list and half the motherfuckers are cooked barbecue bro because of what expresso said
they couldn't control their emotions with the dms they got they couldn't control their emotions in
some of these chats where they got the the ca early and it's sad to see some people behave
themselves from you know some people i've known since 2019, 2020, did everything right till 2023 and just said, fuck it, bro.
I'm finna shill this fucking coin.
And now look at you.
You can't work for no stable coin companies.
You can't work for no fucking anything in real world applications.
You can't be the head of America, which is literally every fucking company needs that right now.
You're fucking cooked.
Yeah, you might get a deal with phantom you might get a deal with fucking uh ledger or something from the space
but bro this space is growing outside of here where bro do you want to be stuck in this echo
chamber where you only get these web three quote-unquote deals for 90 days 60 days like
you're not fooling anyone like and don't cook yourself trying to affiliate with these people
too because you're
seeing just the people who affiliated with some of these clowns they is burnt too so if you want
to stay in the web 3 ethos by yourself and and do that cool but if you want to get into real real
applications where all these enterprises are hiring again head of america you got alchemy
right it's a web 3 company head of bd 300 dollars they're not hiring any of these knuckleheads bro period dot there's a right way of doing things and there's
a successful way of actually making money and it's two different things right so you could do the
right way you can associate with the right people but doesn't mean that your brand's going to be
successful you're going to get sponsorships you're going to get people wanting to work with you
really comes down to your clout and that's really the only thing that matters in this space is like how much influence do you have to convince people to do
stuff? And the people that can convince people to do stuff are the ones that get the money. And
that's when Scott's talking about like, is the same people? Well, there's a reason it's the same
people because those people have the motion to convince masses of people to go buy and spend
and spend their money on the protocols that they talk about.
and make their and spend their money on the protocols that they talk about. And it's like,
And it's like, I talked to,
Eddie had that conversation in Bitcoin Vegas,
or Bitcoin Nashville last July.
And he's like, I disagreed with him.
He's like, the only thing that matters is clout.
And so when you see these,
there's tons of protocols that pop up every day
and they're all gaining, trying to gain traction.
They're all trying to make money.
Everybody's struggling, but the only way that they can get attraction is if one of
these influencers that has 100K followers that bots their account talks about them, that creates
a mass amount of people like, oh, I'm going to copy trade that. And then now everybody's using
that protocol because that's successful. And then that trader looks good because he told you about
it, but he has 100 copy traders on the backside that makes them look good. So it's a big mirage,
this space. You could do everything the right good. So it's a big mirage, this space,
like you could do everything the right way.
You can associate with the right people,
but you're not going to like,
there's only so much that you could do doing the right way.
And then eventually you have to go to the dark side and actually start
capitulating on your morals to actually make money in this space,
which not a lot of people are willing to do.
And so that's where it comes down to,
man.
Like it's who's in your phone,
bro. Like you think I would be we've done. It's who's in your phone, bro.
Like, you think I would be able to ring the NASDAQ bell?
Do you think I could work with MasterCard?
Do you think I could have done the Jordan brand deal with Marathon if my name was dirty?
Fuck no, bro.
Like, and don't get me wrong.
Sometimes I get some DMs.
I'm like, damn, bro.
Fuck, dude. If I did that, you know, fuck it.
I could pay off this and this and this and flex my fucking richard milley
whatever the fuck but bro no man i'm trying to have a like an nba player right do you want one
good all-star year or do you want that 10 year you know you you hitting on all cylinders all 10
i don't want to just have one good year and burn out and be like man scott man he had that jumper
that one year and then he crashed out started pushing into some bullshit and bro i'm cooked and all these enterprises that i knew from web2
before i even got here they ain't fucking with me yeah it's interesting it's interesting um
obviously you've been big on linkedin and getting outside of the bubble to get these partnerships i
don't think if you could have sat here on twitter that you would be talking and ringing the bell. So it's like, I think that's a big point to like,
if you do want to get outside the bubble, you need to get off Twitter and possibly
go to these bigger platforms that actually have more professionals that actually given these jobs.
Like the people that are here in the trenches that are offering the jobs are just looking at
the people that have the most influence here. Just because you don't have influence here doesn't
mean that there's not people looking for you somewhere else, right?
So I think that's something that you've brought up multiple times that if you are looking,
you can possibly get on LinkedIn and start talking to more professional people, man.
Hey, Owen, I didn't try to call you out, but he's in your space.
Owen is one of the most tapped in people.
So that's a great guy to that's add owen on linkedin
and start with him start with me start with chief start with expresso start with owen and watch watch
how much that compounds and you know in a few months go ahead allison i forgot what i was gonna
say um i just wanted to circle back to like the live streaming because I see that um I don't know if
she's still in here but she was in here and for whatever reason uh it made me think that like
she's an artist and um I mean I think that the live streaming can be an interesting way for artists particularly like public uh public art like in public installations um
you guys remember i don't remember how many years ago maybe like four or five after covid i feel like
all the years have blurred to get blurred together but there was a portal in new york and there was a
portal in london and you could stand in front of it and you could see like to the other side so the person yeah there's a tick flashing and stuff yeah yeah all sorts
of crazy things like an artist could create a public installation like that
and then they could live stream their installation and then you could even
take it a step further because in 2001 there was like this stop sign that people kept running the stop sign. So some
like random lady put a webcam at the stop sign and that went viral and people just started coming
to the stop sign just to get on the video. But if you add something like that to prediction markets,
like, oh, who's going to show it? Like, what is someone going to do at the stop sign today? Like,
is anything great? Like, it's just really interesting if you think it through i'm not saying like
kols everyone should create a live stream in a coin i'm just saying there's like
there's other use cases and ways that ways that it can be used the way that's what i was saying
currently is like terrible so like i mean yesterday was a poll yeah adding
utility that's what i'm saying like using like being able to have prediction markets for the
live stream like how many people in the next hour walk by with the blue shirt and be able to predict
on it on live on live stream and then you have to use that token to do the bet i think there's
lots of ways uh to like integrate on the live stream and i just mentioned how that person
brought the live stream to the golden trump the statue and that was the biggest meme like
i think it gets more away from the content creator side and how can we use video to speculate things
on and create predictions and create all kinds of different stuff so i think you're on to something
else and i think that would be interesting to see too it's kind of a more of like a portal
but for artists too to maybe create art on stream too i don't know yeah i would be interesting to see, too, as kind of more of like a portal. But for artists, too, to maybe create art on stream, too.
I don't know.
Yeah, I would really like to see artists utilize it.
I think it could be a really cool vehicle for them to get more exposure to potential patrons that may not have otherwise ever come across their work.
Like Ishii in particular, she goes in extreme situations to create her art and it's gorgeous. And there's
tons of people that may not ever see her work. And if she created a live stream and it would be
very difficult to stream in the conditions that she creates her art. I mean, that is one caveat
to an artist like that. But if you could have one of those backpacks or something and just show people your surroundings and how you make it and the things that you put yourself through to create this art.
The viewer creates or it gives them a different appreciation that they might not otherwise have for the art.
And I think it's pretty cool.
Or even like Witters, all summer long, long for months she's been creating this mural like for months she's been doing it
every single day someone stole her scaffolding like things got flooded she encountered animals
harassment all sorts of crazy things have happened and she's extremely talented and i don't know
there's just so i guess my one question to that allison is why would you
buy the coin uh because in this particular case for an artist you're supporting the artist and
their work because maybe like for ishii or for winners you can't actually afford to buy their
work whether that's physicals because i think both artists sell physicals or their nfts you can't afford
their work um but you would like to support them in another way and here you're directly
supporting their work because they're getting fees off the volume of their token um and i don't know
perhaps they create something else from supporters but no okay like i'm just breaking this down in a
sense of now let's let's be honest and let's be selfish. Right. Because, I mean, humans are selfish.
So how does it make sense for me to donate fifty dollars to Ishii when I could save fifty dollars today, save fifty dollars next week and own a piece from Ishii?
I mean, you could do that.
It's everyone's on their own journey and on their own mission and how they want to use crypto.
It's just a personal decision at that point.
Most people are here for number go up.
Yeah, so fundamentally, the question is still the same.
Why do you buy the token?
Can I jump in here?
Yeah, whoever.
I mean, it's just a general question as to like, I still, as someone who logically thinks, it's like, if I want to support Ishii, and I'm going to just donate, then I'm not going to donate through a platform I'll donate.
If I want a piece, I'll save money and get a piece.
I'm not going to just, this just feels like burning money, to burn money, when in reality, like, we just need to be honest with that.
You're just buying it just because you can. Not because it actually does something it's more so because you can okay let
me let me speak to this so i got i got a couple points so bear with me here first of all it's
really nice for all to hear that from allison because it's nice to hear those kind of ideas
and sentiments from someone who's not trying to make money off of artists what zora did was basically what allison
is kind of alluding to only they did it with a slightly different mechanic where they were trying
to tokenize every single fucking piece and then make that into a coin which was astoundingly
fucking stupid except for the people like jack butcher who have a huge amount of reach and were
able to capitalize on that which is great good for them but um coming when the zora movement came out
i was like i'm fucking over this. Basically,
they're just trying to find another way to pivot their business so they can make money off of
artists on that platform. Fine, whatever. Everyone's got to make money, right? So I wasn't into that.
But I think what we need to differentiate, and I think what is, I'm fucking exhausted of this
conversation, to be honest, but I think what we need to differentiate between here and what a lot
of people alluded to is differentiating between the impact of streaming versus the impact of a
creator coin. And what's happened here is we put them together. And that's what's making things
kind of difficult for people to comprehend in terms of like, why isn't this working? Why aren't
we getting more people? It's because the coin is the focus of the stream, not the streaming,
the focus of the creator.
And then by extension,
potentially anything that's coming monetarily to them.
So I think what Alison said is awesome in terms of,
yes, streaming has huge potential to support artists
in terms of getting their art or their process or whatever.
Like I was joking the other day,
I was like, Witters is my favorite streamer
because she's been like taking videos from a stream, but she's been, like, taking videos from a stream. But, like, literally, she's also doing
her art in a stream, and it's fucking great. And we love a pun. But I think video and streaming
have a huge amount of impact, and we've seen this on TikTok, on Instagram, on all the platforms,
for artists and how they disseminate their work, awesome I think what I like about abstract as an
example is I like that people can watch maybe I get a new audience maybe they're just like whoa
who is this girl who's like on a fucking mountain taking photos even though I probably would never
do that because I like being offline but that that is an example or someone's painting or whatever
they're just like oh shit this is really cool and then they go and discover their art and then
they're like oh maybe I want to buy this piece or oh maybe i'm just entertained
maybe i'll tip them you know like like whatever yeah and as a logical person or a participant
right which is the vast majority of us we're not the creator part like that flow makes sense to me
hey exactly she's just she's just on and people watch her and she might get paid by how many people watch her, but that's it.
You're just streaming what you do.
Totally.
Cool.
Let me just cook on this last point.
So then what a bunch of us, as like on my artist account, whatever, when Zora came out with that update where it automatically tokenized every single piece that you did.
And they were trying to tokenize everything and tokenize creators, whatever.
A bunch of us artists and some very prominent ones came up and said,
you know this puts us on a very difficult situation,
because not only are we judged on our floor prices
and how much volume we get as artists anyways,
now you're putting us in the situation where we got to keep this fucking token up
and have a market cap and a chart for every single piece that we have that sucks like that sucks like my art or don't buy
it or don't but now you've super fractionalized my shit and my persona if we're talking about
the pump fun thing which i personally is not not for me into all these bits and it makes it so
not about the art and so not about what you're creating. And I think that is the big issue with all of this in terms of linking those together as a coin
from my perspective. And so I'm not into it, but maybe there's artists who will make a really good
way or find a mechanic or something that they could plug the token into, into like, this isn't
just for me. This is like a four piece that I'm creating that would, I don't know, there's probably something
people could come up with,
but all that to say that the TLDR is,
I think if we utilize streaming effectively
in a way that's organic and meaningful
to what the person actually wants to project out there,
and then you make that an opportunity for discovery
or for tipping or for buying your art, whatever,
that works and we've seen it work, right?
But that's where the creator coin really sucks the life out of things
from the artist's perspective, at least.
Anyways, thank you, Allison, for bringing up that conversation.
That's great.
It hasn't worked.
And I'm going to take Enterprise Scott hat off.
I'm going to turn to Scott Full Music here because I came to Web3 as a musician.
We saw this with music
nfts and i couldn't agree more chief right we all had this dream the theory sounds good
100 fan theory turns into the thousand fan theory and let's take the examples right all the web3
music artists who came through did twitter spaces saying violetta is the only really one still around
cooking up and this is why violetta is a very, very talented top tier singer who was already verified on
Instagram, had a following, and then she learned how to use her fan base and move it here.
Now what happened to 99% of the others, right?
In the blue.
Sorry.
Yeah.
And so if you like what Ishii said, if you add tokenomics even to non-web3 artists y'all
remember the fucking bieber drop the rihanna drop you would have had a held it what for 68 months to
even get your money back or whatever it is because it was one percent of a producer share none of
this shit ever ever works and for the the the model like people can just go on kick like chief
is saying can go on twitch and and
paint and draw and make beats like i do um you know in other people's studios and if somebody
wants to donate they can like i love the idea in theory but whether it's jesse from bass like
doing weird shit like a lot of the leaders pushing this shit they're leading it because they need to
make their protocol or their blockchain money and not because of let's change the metadata of music why hasn't no one done that for the blockchain
like why do we want to tokenize royalties but we can't even because they're just trying to make
money on chain if expresso and chain made a baseline and sent it to me like we can't even
track some of this shit on chain now with the metadata but we want to build all this front
facing money making creator token stuff before the infrastructure is done and i feel
like this is that conundrum we're just stuck and still five years later i consider it like
gentrification of the blockchain if you look at a neighborhood that's going through change it is
always the artists that come in first and make the change and then over time
sometimes it takes a decade or more um everyone else catches on so maybe that's where we're at
right now so can i just say how funny this whole thing is where everyone's just like oh creator
tokens are awesome because then the creators make money off of the fees and everything the same
motherfuckers were saying get rid of royalties we don't want to pay them for artists and like any of that stuff back in 2022 and 2023 so like i don't know you know ishi real quick on
the music tip and malik my bad i don't mean to cut you off the the music thing gen z themselves
has never realized like what it is to pay for music music's been free for a lot of this generation
and then 9.99 i get every song in the world so
why would somebody you know go buy blank rapper who raps on chillin villain space we ain't saying
no name like bro no one's gonna go buy your nft for 300 and listen to it on metamask
when my 15 year old brother can get every song in the world for 9.99 and that's all he knows
right he's never known buying CDs or tapes.
Yeah, Malik, if you want to respond to that,
I think the thing is it's great on the way up,
but all those people that bought to support you,
now the price is up, and then when it goes down,
maybe you lost some fan base.
Oh, yeah. So people that don't want to fuck with you anymore.
And now there's no dev.
Now you're the dev.
And now you're a scammer, scamming artist.
Yeah, you're the dev.
We hate the artist now. We're extra scamming artists. Yeah, you're the dead. We hate the artists now
Yeah, so that's the thing too It's like the the streamers slash the creators not only are you the product
But you are the one responsible for how the product is performing
So I mean if it stops performing like fuck you she is not alwaysi was doing a coin and doing art and we saw her climb.
No, she logged off and I lost money.
I hate Ishii.
I don't ever want to look at her.
She stopped going up mountains.
Fuck this day.
Yeah, so it's like there is no dev to hate.
Now you just hate the person that went to sleep or got offline.
So go ahead, Malik.
Appreciate you for having your hand up, man.
GM, Jim.
Oh, Jim, Jim.
I think the bigger issue here is that this is, as with, with like any early platform that's doing something a little bit different.
We're just, we're still somewhat in that discovery phase where there is no real like identity yet for what pump fun streaming is.
Right.
There's no real identity yet for, or like formula yet for what works.
identity yet for, or like formula yet for what works the problem that you have.
And I know this cause I've spoken this week alone to several like really, really big.
I'm talking like over 10 million followers on Tik TOK, right.
Uh, accounts that are like, Hey, I heard about this.
I'm looking at it.
I want to come in, whatever.
And you look at kind of the content they're doing that is like extremely high quality
content.
Obviously people fucking love it.
And you look at then what's performing on pump fund and the disparity is gigantic, right?
So if you're, if the metric that you're using for success is price of coin, then right now
you're fucked because the only people moving the market are degenerate gamblers sloshing the same fucking money back and forth all around.
And they like edgy fucking, you know, jackass type shit.
That's what's, that's, what's doing well for real creators who want to come in
and do stuff.
And I think that eventually it will mature.
I do think pump fun actually has something really cool that could be hugely successful and disruptive, but right now it's that's the market isn't there yet.
So what I'm telling people is like, Hey, come in, close your fucking eyes. Forget that there's a
coin. Just ignore that there is a coin and do your content on here. Treat it like any other platform.
Treat it like when kit came out, treat it like whatever. And just put out your fucking content. The
cream will rise to the top. The good shit will get followers. You'll get
people who start checking every day, watching your stream, not because of the price
action, but because they actually care about what you're doing. That's the problem, is that the content that's being
put out right now is purely being driven for price action,
and it's not sustainable sustainable and it's just garbage
content. There is not a shred of good content on PubFont stream right now, period. So until
people are, the early adopters are willing to take that risk and jump in and say, fuck the coin,
I'm not even going to look at it. You're not going to get better quality or maybe organically
some people from within the ecosystem decide to do that but the people who are already in here are too ingrained with this idea that hey my value is my market cap right and that's what's holding it
back at least in my opinion i posted up something to the top malik i think you can give an interesting
take on uh recently twitch ceo has been called to testify in a committee over the radicalization of its users.
I mean, I guess, how do you think that that goes in terms of the radicalization that we
currently already have of the PumpFun lineup?
And is that as simple as it reads, right?
Is it like, you know, is it them, in a sense, still being a platform promoting their users
to do crazy shit on Twitch?
And ultimately, that's kind of being bundled together.
Or is it just not what it,
how it reads?
So this is the first,
my first time seeing it.
It doesn't have any like information other than just radicalization of the
users.
But,
that's why I asked the issue,
the issue that you're seeing now also,
you have to like take into consideration,
like the,
which administration is like calling for this, you know, oversight and this, this
hearing, right.
And like, what are their sort of broader views on tech and like social media and their concerns?
The, the kind of consistent line across platforms is the algorithm and how the algorithm is
used to promote certain things.
And so if someone is saying some shit that they don't like,
that the administration doesn't like, right?
And it could be on either side, right?
Then, and the platform is promoting that
and giving that more reach through the algorithm.
And they think, hey, your algorithm,
like you are responsible for your algo.
You're the ones pushing this.
And because of it being pushed,
more people are seeing it,
more people are being quote unquote radicalized, right?
That's sort of the attack that I think
that they would have against something like this.
Because besides that, it's just like,
hey, we're a platform and people put up content.
We got moderators so that like, you know,
there's not like horrible, horrible shit.
I mean, even, uh, Alon took down the, what was it?
The woman giving birth right the other day.
So like, he's trying to like somewhat make him make my pump on a little bit
more like palatable to mainstream, I guess.
But yeah, that, that's sort of the only attack vector that I can see for Congress
to have on
like radicalization is like you are intentionally promoting certain voices and the messages that
they're putting out are bad for the country. It's like a contradiction because didn't they
just sell the TikTok to a US company, but then they announced that the algorithm is going to be
based to base the Chinese algorithm, which isn't that the reason why it needed to be sold?
Cause it was a Chinese ran app.
So I was like,
okay,
this,
this radicalization is bad,
but,
countries radicalizing,
people from other countries isn't bad.
It just kind of seemed like,
I don't think it was like a scorched earth.
It wasn't the,
the issue with Tik TOK,
you know,
for at least from what I saw was the,
the data,
like,
and then being able to like have I saw was the, the data, like, and then
being able to like, have all of this control of the data and then they could exert control. They
could censor certain things. They could steer the conversation in some way. So like two degree, yes,
but with a U S company owning it, then the, the data would be owned by a U S company.
And then presumably they could, they can change the algo. They can kind of have more control over how it's, you know,
what's being shown, what's being promoted.
I mean, obviously, who controls the algorithm
controls the world these days.
It used to be the news controlled people's minds.
It's pretty much the algorithm these days.
And it's like, I don't know if you guys noticed,
X's algorithm is very, very touchy.
Like these days, it's completely changed in the past month, dude.
Like, like, obviously there was a lot of stuff that happened over the past week and I just
could not get it off my timeline.
It took you like one video and you get all those videos.
And so I think that people are trying to figure out like what's going on?
Like, why are, why are people in all these echo chambers?
And I think it really involves like, okay, what are the algorithms that these companies are using does it basically
um you know does it promote certain ones a dozen ones and then you go look into it and you start
seeing that it's this lean or that lean and i think that now you see the the government basically
getting involved and trying to figure out what these algorithms are trying to sway people left
or right or whatever direction they're trying to do so this is what happens man i think you can't even stare at anything too long
bro i'll be sitting here reading shit and then they're like for some reason i'll i'll half
remember that i'm in a rabbit hole bro and i'm like fuck i just ruined myself for like you know
like you'll read something interesting that has nothing to do with anything and then i'll start
clicking and trying to learn more and then i'll start clicking and
trying to learn more and then that's the worst thing you can do is be curious and trying to
learn more bro because by the time you unclick all the way out all the rest of your feed is now this
that whatever the fuck you were looking up uh the other stuff is gone and it's now this over and
over variations of this and it kind of sucks bro because it's like i like being curious
i like going deep and stuff and the minute you do you i mean your feed now is completely ruined
that's the thing is that like when you realize so there may be some platforms right like arguments
to me that some platforms are like pro one ideology or over another but like putting that
aside from like a simple business standpoint right right. Which I think is like the easiest way to understand motivations for these huge tech
companies, social media companies. Like they just want, they want clicks. They want time on app.
That's it. Right. And so they have, and they've got a data set going back to what Facebook came
out in like 2004, right? Like they have this insane data set,
billions and billions, probably trillions of fucking data points. So they know exactly
what is going to maximize your time on the app. And the two things that they know for sure are
if you are going and choosing to click something, search something, right?
Then they're going to keep feeding you more because they're going to assume,
hey, he's interested in this thing.
So that's like your rabbit hole ruining your algorithm thing.
Right.
And then the other thing they know is that fucking the only thing that people
love more than like happy and fun content and all these positive content is.
Like shit that gets them emotional and usually negatively emotional, right?
Like anger, fear.
Like those are the ones that do the most, right?
And like the media, old school media has known this, right?
That's why they love this fucking like disaster porn.
Oh, hurricane comes.
We're going to fucking talk about it for five days.
Oh, 9-11, you know, like, all right, that was like gigantic news.
But like, as an example, right?
Like there's some fucking tragedy.
Let's just feed you that shit non-stop because people are glued to the tv
they can't look away from the fucking car on fire on the side of the road and that's all that's all
the algorithm is doing now and it's just trying to maximize the amount of time you spend traffic
when traffic builds up on the other side of the road because motherfuckers are looking at the
accident there's not even traffic in your lane or your side but everyone wants to see what's going
on over there it's like it's what's
the moniker if it bleeds it leads and the news known about this they've done statistics and and
and you know analysis that if they lead a show with you know uh you know police sirens it gets
people's attention than if they led with the feel-good story of a charity so it's like yeah
it's all about clicks it's all about money money, time on app. And, you know, obviously the algorithm skews that way too.
So this is nothing new.
It's just now it's on the internet and now you do one wrong move.
Like it took me probably two to three days of turning off my phone to get me off like the conspiracy theory fucking algorithm, dude.
Like I was so far off the beaten path.
I couldn't find crypto again.
I was like, I got to turn off my phone.
Are you still on the aliens coming and messing up the market i i wish they would at this point but come come fucking
destroy this fucking planet no i'm just joking i just like it was obviously a a crazy weekend and
a lots of theories and lots of things that happened i was like so far i couldn't i couldn't find any
crypto on my algorithm it was just non-stop going down the rabbit hole. And you
just like have to eventually turn off your phone to cleanse it. And, you know, two days later,
I'm back. And now I'm finding stuff about airdrops and all kinds of other going into the mountains
and turning off your phone fixes this. I'm just gonna throw that out there. But maybe after the
bull run, I'm looking at it. Yeah, I mean, souls at 250. I mean, Pingu up to 3,800 I think there's some stuff on
some like Nasdaq shit that happened yesterday you got hyperliquids all-time high um yeah man
it's it's heating up again I don't know if it's just a week thing or a weekend thing or if this
lasts 40 more days or it lasts six more months i'm i don't know i don't know but
uh where we were a month and a half ago um we aren't there anymore and it's uh and it's back
and ripping i guess quick question because i've been very very busy irl recently and i've not
caught up on everything um speaking of abstract and pengu has anyone figured out why we're getting
way less xp and are there any updates on things that are
making way more xp i don't know man i've seen uh some streamers no no no i'm gonna go and like
stream this week and like see if it shifts and how it shifts because i've had a couple weeks of the
same yeah i think just there is no meta on abstract right now. Like I've seen Eli,
he's basically kind of like looking for answers for streaming on abstract.
And I look at him as kind of the lead guy,
kind of the golden child of abstract.
And he's looking for questions.
You know,
he's sitting there on his live stream saying I've got a totally annihilated
abstract memes are down.
Like there's nothing really going on.
So maybe if there's less motion on abstract
and people have moved to other blockchains,
make that equates to less XP in general.
It's the only thing that I can think of.
Like, I don't know.
Something that Tig brought up this morning
or he posted a bit like over the last few hours
and I commented on
and had also been thinking about recently was,
I wonder if the Pump Fun meta is going to drive Abstract to, like,
do something to compete a bit more aggressively with them.
And that's the one thing where I was like,
oh, I was planning on getting back to streaming at least a couple times a week anyways.
But I was like, huh, maybe that'll also, like, come out to being, you know,
I can speculate it could be cool or they might do something even more there.
Who knows?
How does that work?
Like, so if you can you restream to all of these and get credit on all of these or no?
I think as long as you're streaming, like what you could do is just run like your your live right through OBS and then have it multi stream to multiple places.
So I could run it to abstract and just put in the key in abstract.
And as long as the abstract is live and that is streaming that's what they're most focused on and then you could i could also have that going to like twitter and to like a discord stream too at
the same time so if it's for the purpose of airdrops or anything like that or just xp i mean i i don't
see why people wouldn't do that. I thought that the origin
point is kind of like what they were holding people from, right? Like you have to launch
from our webpage. So we know that you're, you know, it's an official abstract stream versus
you're not recasting from pump or something like that. I think I don't know how pump streams,
like if it's direct to website or if you're streaming through like through an OBS or something like that.
I haven't tried it.
But for Abstract, I don't even know if you could record direct.
Express it out if you tried that.
Record directly from Abstract?
Yeah.
Like is there just a function there where you just like could be right on webcam or are you streaming through another platform?
Like I've just always used to OBS.
I'm streaming through DreamYard.
Yeah.
DreamYard is the easiest.
And they basically,
you can download a software called Restream
and you basically put your stream,
you could put up the three stream keys into it
and it streams it to those platforms.
So I do Twitch, Abstract, and X.
I would imagine if,
this is the only thing,
if PumpFun has the stream key,
which I imagine they do,
you would input that in Restream and you would be able to basically do
abstract pump fun and Twitch.
I'm not actually sure if there's some,
like you have to stream on pump fun and that's the only one you can stream
I think that's something that I haven't launched it.
So I haven't gone into detail,
but yeah,
I mean,
obviously competition is great for innovation.
And I think,
you know,
for me,
that's just streams on abstract two hours a day.
I get like 250 XP.
It ain't shit.
So like, yes, you can go look at like how much XP you're going to get in the future.
But, you know, incentive always drives, you know, price and movement.
And obviously pump fun incentive is more beneficial right now than actually on abstract.
I mean, did you see this post up top we had binance come out and post the abstract symbol um less than 12 hours ago
with yeah with full confirmation of luca right underneath and the first comment
of the eyes and then binance us tweeting a goat um and so i don't know if this is i mean i don't think it would be pengu tweeted
or pudgy uh pengu or pudgy penguins coded just because of not even blue or anything penguin
related so i'm pretty sure this is direct abstract but just to what alluding to probable tge coming
soon i don't know but yeah yeah i mean that's what i'm saying competition obviously you're
losing mind share so what's a great way to bring people back to your platform say that
the tge is in the next month and we're gonna do xp and like this and you'll have a listing on
finance day one type shit yep so like but the competition the other side of that is the reason
why pump changed their fees recently and they did did that, whatever it's called, Ascend, right, was because they started getting their asses kicked, right?
What was it?
Bags started, like, eating into them, started getting a lot of the hype.
Everyone was, like, doing with that.
And I think they knew from the beginning that, like, their fees were kind of low.
And so that's why they changed it.
But they wouldn't have done that were it not for competitors coming.
I think that Abstract will do the same thing.
They're going to come over the top, right?
And then, I mean, it's great for the creators because it's just going to be this constant like, hey, everyone one-upping each other.
Almost like the fucking DeFi wars, right?
Where it's like, hey, no more APY over here.
No more over here.
No more over here.
I think that that does happen to some
extent obviously not as like crazy but yeah i i think abstract is going to come over the top on
the streaming because they've spent a ton of money building that out and it's like a big
functionality for them well tig's been posting a lot he posted something from the modern market
with legendary talking where i mean the total tvl of all the coins on abstract is minuscule compared to base
and Binance. And you just saw Binance break a thousand dollars. And it's like, you're competing
against some of the biggest blockchains in the world. And like, obviously they're not just going
to let, you know, people take off with just streaming by abstract is the leading streamer,
like pump funds integrated it, you know, base is talking about a network token, what's stopping
them. And there's a massive amount of capital on these blockchains. And so would it be smart as an investor to bet on
something like Abstract that is in its beginning phases or start going and start using something
like Base that has multi-billion dollar investors, something like Binance that is massive and has
CZ and that big team involved with it. Abst abstract is great for us, but as people that are looking for opportunity,
would it be better to just go into the bigger ecosystems and bet on them instead of just betting on like things that are brand new, right?
And like immature and like have a lot of development still left to do.
And so I think here we kind of get sucked into thinking abstracts a lot bigger than it actually is. But when it's competing against all the other blockchains, it's nowhere
close. And so as someone that's in the last phase of this bull market, are you going to bet on
something that's immature? Are you going to bet on the big boys in kind of these last four months?
It's kind of what people are kind of maybe reason why people are big investors are taking their money off abstract and moving into something like base and there's
no defi bro there's no defi you're kind of kind of like stuck i mean and a lot of people don't
want to be stuck on an l2 you know or i mean potentially to be an l1 but it's one thing to
be stuck with you know what i'm saying, USDC or something like
that on whatever, on ETH or whatever on that sense. But, and then being stuck, let's just say
over there with no ability for DeFi, no yield, like your money is just literally stuck and just
chilling. And so you even see Luca mentioned, he's like, Hey, i think we kind of made a mistake not even having um some type of
uh functionality for the liquid right i mean you want to incentivize people to go over there use
but all they can do is swap back and forth and that's it you swap and you hold so well they
wanted to be the commercial chain they wanted to be like the disney world chain right they wanted
to be the pudgy penguin like kind of vibe chain and like what they're realizing is that it takes a long time to get there.
And in the meantime, the people who are actually going to be providing the liquidity and putting their money in don't want that shit.
Or they want more, right?
If I'm going to bet, based on the question you say, if I'm going to bet on something, I hate to say it, but it's fucking crime season.
And no one does crime better than CZ.
Binance has been criming the shit out of the charts.
Like this motherfucker is going to do something like egregious.
It's just,
you know,
it's going to happen.
And like people are going to make a ton of money.
You didn't see that?
Yeah.
I saw it.
Yeah.
Yeah.
Like,
and that's,
that's like not even the first one,
right?
It's like,
they've been doing this shit.
So it's like,
you know,
it's just going to keep happening.
So I don't know,
man,
treat it like, like, i don't know man treat it
like like i don't know like fucking luna or something just like well like go make your money
but then just like don't stay for too long because like something's gonna fucking break you know it's
gonna break oh sorry cz was like i i felt like cz and binance were behind james winn and the whole
hyper liquid fiasco and then they created like, oh, decentralization.
People are copy trading him.
And then Aster came out and, you know, they've been talking about being able to do trades
without people being able to track your wallet.
And people are calling Aster like the Hyperliquid on Binance and shit like that.
So CZ's been definitely Plotting this for a while and I don't know The thing about that is bro
We need to do a better job at
Educating motherfuckers because I'm the kind of person that'd be like well, what do you mean by that and not one single
MF or within the last 24 fucking hours could explain to me what they meant by hyper liquid on binance
No, I'm like, hey, does the token have a buyback and burn system
what is it what what does it do what is unique why are we aping no one knew jack shit bunch of
just hyperliquids on binance and i'm like but in what way how is it look at the price action dude
look at the price who cares dude well no it matters middle curve when you need to be left
curving bro follow the narrative that's one thing when you speak for just yourself and you're playing
with your own money when you got other people that you lead to the slaughter with you or other
piggies you got to be make sure that the other piggies either survive or just eat one you know
string of grass and i'd rather give you one string of grass in your life than uh feed you a last meal and take you to a slaughter so just you know the questions are what
is it how does it work what's the difference and i mean literally 24 hours of no one even knowing
besides yo just hyper liquid 50 million revenue generated two plus million users already 400
million tvl 500 billion yeah but it's a perp decks
Please add that to the end. I'm over here thinking how is it like hype the coin?
Do they have buybacks and burns and what rate are they buying? I would imagine bro
I think people just found out about this yesterday. So they're like, okay, what should we do?
Oh, let's just do what hyper liquid does so that makes token price go up so I would imagine they'll do it
I don't know but it's it's backed by Binance labs and yzi labs built directly as a competitor to hyperliquid so people are just gonna pattern
match bro like it doesn't matter about the fucking narrative or what the fundamentals are it's easy
talked about it let's fucking get in just like bock says it's crime season i'm not saying buy it
at this price but that's pretty impressive uh that it has over 2 million users already.
Not saying that they're all real people.
They might be bots, but $50 million generated.
And I just found out about this yesterday.
You're probably going to start seeing them talk about buy back and burn similar to Hyperliquid.
And maybe that continues to make the price go up.
And Binance, obviously, the biggest thing on chain.
And like, okay, can't you already trade perps on Binance?
So how is this going to be different than just me trading on Binance? And you know, you know how the James
Wynn narrative started? Oh, you can do this without people tracking your wallet. This is
where you come, where you can be anonymous and they can't liquidate you because you have a big
position open. So that's how they're going to get the big people over. And they're going to start,
you know, talking about the privacy factor of this chain. I don't know if that's part of it, but that's what
CZ has been hinting at for the past six months as Hyperliquid has been running the fucking show.
So I'd imagine there's going to be more details on this in the future. But yeah, did you see
Plasma? Fucking huge. That's going live next week. Have you guys all seen that? They're basically
giving out
airdrops to early investors. I don't know what an early investor means, but that's going to be
another big airdrop that happens. You have Meteora. It's talking about they're giving their MET
airdrop, the Jupe Stakers. So you're going to have that sometime soon. Meteora, I think it's
under the radar fucking airdrop. I think people are actually going to fucking cook on that.
So if you did that, you have Rainbow Wallet saying Rainbow Season's loading. So it looks
like you're going to get a wallet airdrop. You have Base is now upcoming pre-markets on
Whales Market. So you'll be able to speculate on the base price here relatively soon, pre-priced.
So I don't know how close that is. Maybe they're fucking sandbagging and they're really really going to launch it here soon but you're going to be able to predict the price of the market value
of base here and probably the next day or two which is kind of big news so you know as soon
as the market heats up you see everybody that was sitting on their hands uh start
releasing all their information because they know they have a little bit i mean if you go
by typical cycles you have less than 40 days left.
If you're going to pattern match it to last cycle.
So you better get it out there.
You better get to start people caring.
Because this cycle is almost over.
If you go by the four cycles.
Someone I admire and look up to very much said something.
I agree with it so much the other day.
They're like, the second that Monad chain goes TGE, that's the fucking top.
I think he's right. I think he's right.
I think he's right.
You know these motherfuckers.
That's a base take.
Not just that.
A lot of people who have been meant to go to TGE for a long time, when all these airdrops and all these TGEs start to happen, you know we're getting close to it, man.
Just max extraction.
It's all good. Got the plasma information pinned up to the top the jupe
airdrop stakers i think that that's an interesting one right they are getting meteora but the meteora
you are getting gets automatically rolled into a liquidity pool so shout out to fucking meteora
right i mean you're gonna learn how to do this shit one way or another. No free lunch. Even if you get free lunch, you're going to have to figure out how to use the pool, remove it, or you
can leave it in there and allow it to accrue fees. And you can learn about liquidity pools and
providing liquidity and utilizing it that way. So a good way to mitigate, I think, dumping pressure
as well. And then last thing that I had, and then we'll hit the hands.
I mean, we're about to close up, so.
But die with the most likes.
Secret snapshot for anybody that was holding any of his pieces,
any of the meat-based pieces, and Marfa-based pieces.
So, aka the Brothko's, the Budd the buddies and i think one more uh snapshot was taken earlier
today for a new collection called the beans that are coming out so you will have the ability to
claim one of those i don't know if you're still holding your buddies at x but if so you qualify
for beans and anyone else that uh holding one. So good flame.
And then we'll hit an on and we'll wrap it up.
Hey guys.
Thanks for having me up.
I'll make it quick.
So a while back,
we were having conversations about credit cards with rewards and stuff.
And I think the consensus is unless it's crypto,
it's stupid to even bother.
But because your rewards,
if you're going to get credit card rewards, well, travel rewards are good too if you travel.
But like for crypto rewards, they're great because if you get the right rewards, the rewards appreciate and it's better than just straight up cash back.
Cash back is a waste of time.
And I noticed that the Coinbase One card, a lot of people are able to apply now.
And what's interesting about it is that it's based on how many assets you hold on Coinbase, right?
And you can get up to 4% back in Bitcoin based on how much you keep on Coinbase.
Personally, I don't know how attractive that is because that means you have to keep your
assets on an exchange, you know, and unless your OPSEC is fully maxed out, like your wallets
are blacklisted or whitelisted, which you should do anyway.
If you're messing with any centralized exchange that doesn't have whitelisted wallet feature,
then you shouldn't be using it unless you're pulling your money off of there as soon as you get it on there
as far as buys and sells and um uh if you are using coinbase or gemini or whatever make sure
you're using the whitelisted wallet feature it'll keep you from getting robbed and other than that
though it's like if you can't stake on coinbase um and you don't have
your wallets whitelisted i wouldn't keep a bunch of stuff on there but the point is the tiered
rewards start at two percent and it's across the board this is probably one of the better crypto
cashback incentives i've seen because it's not categorized. It's not about restaurants and gas
and travel and whatever else things get bundled into. It's straight up 2% across the board
at the start. And the more assets you have on Coinbase, it goes all the way up to 4%. So
I just want to point that out. If you're looking for a good rewards credit card,
this might be a good one. I just got mine last night. The physical card I just got to point that out. Like if you're looking for a good rewards credit card, this might be a good one.
I just got mine last night.
Like the physical card.
I just got it last night.
It's dope as fuck, dude.
Like the actual card is sick.
Um, and yeah, the, the downside is how much you have to keep on there. So I'm at 3%.
Um, but what's cool is that it's dollar value.
So if the market rips, then your dollar value goes up you
haven't put any more assets on there the value of them go up then you kind of can move up in a tier
just like that totally and then just to circle back on the opsec thing really quick
if it's ethereum or solana or anything that you can stake natively on Coinbase and you can auto stake it as you purchase it
you're a lot safer basically your your bigger concern is what happens to
Coinbase itself versus what happens to somebody hacking your account because
there is a time window right like there's a delay between staking and
unstaking and you should get an email anytime somebody's in there doing
anything like that in your account
So if you're gonna store assets on coinbase for any period of time the smartest play is to store assets that auto stake
because Hackers aren't as interested in something that they can't steal from you immediately. I
I still, as a credit card hacker, don't see the benefit.
Still as a credit card hacker
I mean, dude, fucking Apple, shitty, sax and fifth back, no credit check, credit card gives you 2%.
Right, but it's not Bitcoin.
If the premise is that Bitcoin is going to appreciate over time,
and I know that there are moves that are more lucrative depending
on what you're using those reward points for you know like we've talked about the travel cards and
how you can go bananas on that stuff which i think is really smart if you do a lot of traveling
but if you just want to do like passive earning you know it's like you got two percent in bitcoin
all year last year but now bitcoin's worth more this year at least your rewards are appreciating
monetarily versus you're just getting straight cash which does nothing i i agree but i think that i mean
in underlying the reason for having a reward system is to actually like i mean at least in
my mind is to utilize the rewards and that's why they're incentivized for one and a half points two
x points here two x points there i mean if you're trading this for a monetary one for one value you're already
losing because this industry is designed to be maximized and leveraged for you to win utilizing
a reward system if you want to go and like basically claim dollars then you're automatically
losing at the system that they designed i guess their only the only way that you win is if bitcoin
goes up or the underlying asset it's pegged to goes up, you know?
Yeah, I guess it's more for like...
Yeah, I definitely wouldn't do that.
I was just going to say, I think it's more for passive people, you know?
You know, if you're like Chief and you're very aggressive and very active about farming rewards and stuff,
this probably isn't the play.
But, you know, if you're putting quarters in a jar you know like if you're
doing that kind of crap if you're just trying to like passively accumulate then it's a better move
to do something like this especially if you're already using coinbase and you're already using
coinbase one true just remember that you got to pay coinstar at the end just this just don't forget
that when you grab all that jar of coins and you want to go and you want to take them to coin star and cash out
That's the tax man. You're now selling crypto and it's a taxable event
And so you're gonna pay the corn star toll tag, too
So it's cool. But also, I mean we got to lay it all out
You know what I'm saying? Like you're saving coins and when it comes down to taking all your coins to the bank
The bank charges a fee and so that's just one of those things. It's like when you have to sell this stuff that's a blockchain transaction and if you're i mean like
malik because we got a lawyer and you're you know a good citizen you're paying taxes and all that
kind of and it becomes a dicey game so that's just one of those things that's like that's the beauty
of rewards and why some people prefer to operate in that reward zone too because there's been
years of legislation on that rewards are not considered actual money and this and that you
know but but here's the thing i'll give you my perspective on it because i've had
fuck man for 10 years like since like basically it came out i got the chase sapphire reserve right
like sick card love it whatever tons of points but it's optimized for travel. As you
can hear, I've got a kid, I got two kids and guess what? My travel life drastically changed.
Like basically once I had my first kid and I realized that I'm like, and that's where the
value is, right? Like the conversion into travel is like where you get the maximum value of those
points. And I realized like, I'm, I'm like not using these, right? Like, it's just, they're, they're not worth it for me. Um, so I'd rather
have the Bitcoin, you know, get, get the cash back in Bitcoin. And then I don't know about you guys,
but I've never sold a single Satoshi in my life. Like I don't fucking sell Bitcoin. I guess I've
bought some fucking, uh, ordinal. So that's not true, but I don't sell Bitcoin. Right. So it's
like, I'll just like, let the Bitcoin sit forever. So forever so i don't worry about the um the tax on exit because like there is no exit
first rule never sell your bitcoin i think it's it's very smart go ahead a9 what up brother how
we doing yo what's going on guys been a while been a while. What's up with you, brother? How we doing?
Just chilling, you know, waiting for ETH over 5k and for hopefully another NFT season.
But a couple things. One, I just mentioned NFTs. Have you guys heard about these Avant Gay NFTs yet?
nfts have you guys heard about these uh avant gay nfts yet which has now become like an entire
meta on solana i don't have any but path.eth has a lot it started with little swag world
and it's since you know got several projects and basically you know you you could probably
lump in any remelia derivative under the sun as long as it's on Solana, not on ETH.
And that basically Solana is going to be the place for like schizo NFTs,
but they've actually gone as far to label them or coin them, you know, Avant Gay,
which I thought was interesting.
But no, the real reason I was up here was I heard you guys talking.
And I just feel like we see this pattern constantly of crypto MFers have no loyalty.
So they are willing to use something as long as, right, there's an incentive, like an airdrop.
But post that, they will be already be already like looking for the next thing
just because that's the mindset of the majority of the people here is like I
want to grind something for something I know is being promised or whatever and
then after also nothing we have though a non right is worth the retention model
I think I mean think about that, right?
Every marketing campaign and spend has all been acquisition.
Never has it been, well, once I got all these people, how do I keep them around?
No one thinks that, so...
Football.fun, great example, right?
Like, clearly there was a campaign there.
It was taking the timeline by storm.
The, you know, the fantasy, I call it soccer, right, on base.
And it went over 100 mil, you know, total market cap of all their assets.
And I think the only one I hear still, you know, talking about it on the timeline is Otto Suen.
And shout out otto otto's early to
things and he likes game theory and he likes game fi um and he's just a like i i from my
experience is a fairly genuine dude as far as why he um will place his bets or why he will invest
you know time and and crypto in a certain area um but he always ends
up i've noticed this he usually ends up being the one holding the bag and he's the one that's like
still trying to keep it afloat and like you know i i respect that right but it's frustrating that
brother you're wearing a knock amigo oh no you're not not gonna be otherwise
i should have looked before I spoke.
Dude, I have 400 Nakamigos.
I'm not... She is Nakamigos.
I'm just saying, there's something about the pot calling the kettle black
with the bag holding shit, but continue.
No, no, no, but I'm calling...
I'm not calling it out in a bad way.
I'm saying, yo, I think that that a like admirable quality about Otto Suen. So if anything, I align with him,
you know, on actually having conviction and believing in something, even when the majority
of tourists move on from it. So if anything, you just proved my point even further. I appreciate
it, but I'll stop there. Right. I think that that that is something that we don't see
enough of is people genuinely wanting to see a, you know, a project or a product succeed.
They just want to exploit it and then, you know, discard it and move on to something else.
Yeah. No one cares about the product itself, right? You want to speculate on the product's
launch and that's it. And that's you want to move on to the next thing it's no longer about the product it's about how you came to
market how you banged and then whoa what's the next one but it's also isn't this whole space
well isn't the space built on incentives and people like bitcoin you got a miner and you
got a miner and you mined Bitcoin and you got incentivized for securing the blockchain. So
mined bitcoin and you got incentivized for securing the blockchain so this whole space
this whole space has been built off incentives and trying to align people with using their
protocol and securing the blockchain because you get this Bitcoin in return. So it's hard to
eliminate that. And I feel like, look at Bitcoin's biggest moves are 10 days out of the year.
So there's a lot of backholders that had commitment and stuck through your Bitcoin maxi full.
They're now billionaires.
So it seems like the people that have the most success are the ones that bag hold for years at a time and then come out on top when those 10 days come around and take profit.
So it's like a lot of people are just trying to survive.
And the only way they survive is not hold things for very long.
And they have to move on to the next opportunity.
Well, there's another element to this.
Yeah.
There's a silly, irrational expectation that was set with a precedent from last cycle.
You remember gas?
You remember SOS?
You remember looks?
Like there were so many that I feel were more widely accessible and like they dropped a ton of money because it was the peak of the bowl.
And we haven't had that, you know, since at, you know, that concentrated or, you know, that collective, you know, like, I don't know what you call it.
Like, you know, it was more universal for the ecosystem
as opposed to these little niches
where primarily the same KOLs keep winning
and everyone else is able to get breadcrumbs.
There were very normal people
that did not have big followings,
that did not pay to play,
that were not given deal flow,
who were being airdropped thousands of dollars several times last cycle.
100%. And I think it's also just the maturity of the space that airdrops aren't really that great
for retention. And it's not a great way to distribute your token. I mean, obviously,
why people moved the meme coins was the high FVV, low floats. People were farming Eigenlayer and these other things. And they got burned over and over to big investors.
They got in an early seed rounds and they just dumped on retail. So this is like, and people
moved to meme coins. Like I want to be controlling my own future. I want to make a hundred X by
launching my own coins. And I just don't like, like people want to reward new users for using
their platform, but we've basically created a whole meta on farming
airdrops which basically you just mentioned just moved to opportunity to opportunity that aren't a
retention model to actually give reward new users to actually stick around and backhold and market
for free right so it's like we gave the founders an excuse to exit they can now argue well nobody
takes us seriously you guys farmed us you exploited us when they were
exiting out the back door and they had it planned all along right in many you know instances and
that's frustrating that not enough people are willing to actually do the work to implement
sinks and faucets right that can be more sustainable that do allow for seasons and waves and things that, you know, are regularly, like we saw, we saw Blur doing it.
And it was a very aggressive, toxic model.
And even that racer couldn't stick with, right?
And he moved on to something else. A there would still be a large group of people that were actively using blur if there were more incentives, you know, still right there for the taking.
because it created a lot more volatility and a lot more reason to like get into, you know,
these assets for, you know, short-term interests as opposed to actually being like a long-term holder.
But looking at it from their perspective of like a Machi perspective, I'd be pissed, right?
Like this was like a skill crane that he'd had figured out,
and they just decided to turn it off.
And that's the thing.
So I guess you're right.
On the D-Gen side of things, you could argue, like to play devil's advocate,
well, I can't trust these MFers that are launching.
I don't know that they're going to be around in a year,
so why would I bet and hedge that they will be?
Why would I stake?
Why would I do these things that, you know,
potentially could get me wrecked as opposed to take the handout and move on?
So I get it.
It's just, it's, it's enormously frustrating.
There's no right way to distribute anything in the space from whitelist to
airdrops to everybody has an asshole.
Everybody has opinion on distribution, bro. So it's like everybody has their way. They want to curate it. Okay.
Do seasons. Okay. Then the DGens get fucking breadcrumbs and they're pissed. Oh, give it to
the fucking, uh, the VCs. Uh, no, you didn't give us enough. Oh, it's just like, no matter what you
do, no one ever, no protocol is ever going to be right. And what it really comes down to at the end
of the day is movement, actually fundamental metrics. Do you actually have people
using your product? Do you actually have people marketing for free? Did you make poor people rich?
That's all that really matters. And then if you don't have any of that, then your product
ultimately fails and goes to zero until you come up with some new scheme to buy back and burn your
token or you innovate on something where you move from deep in
to now you're an AI. So it's just like people don't know. There's no playbook. Everybody has
an opinion. Nothing's ever right. And people, as much as we think this space is mature,
no one really has any fucking idea how to be successful in this space because we all come
back to, is the product even worth it? Is it useful? Does it have product market fit? And do
you actually have retention of the users that you acquired during your tge and typically most of them don't
so it's like this is the this is the what this is the billion dollar thing that everybody's trying
to figure out right so it's just where we're at you have to have a really you have to have a really
sophisticated strategy and i'm not saying i have all the answers, right? But as far as you have to intention, like this, the way that this market is structured
and the way incentives are aligned,
you have to sandbag.
You are basically like encouraged
or you are provoked to sandbag as a founder
that like if you do have a lot behind your product,
you can't reveal it all at once. Because if you do, people are, might be excited, you know,
for five minutes or five hours, but after that, that's it. You don't have anything left to get
them excited about. And that's not how Web2 works, right? Like, I don't expect anything more from a Coca-Cola
than what I've expected from it for the past 20 years, right?
Like, I don't know.
I just, I get like that may not be the best example.
Video games, like, obviously people expect some level of improvement,
but, or for it to evolve and to update.
But I feel like our expectations here are just,
nobody is ever satisfied.
Buy the rumor, sell the news, right?
And this is what happens when things become hyper-financialized.
Like when you have basically a price that's underlining every aspect of everything in this space,
a quick downturn creates negative sentiment.
A quick upturn, positive.
Having an NFT that has a price in real live time of a floorurn creates negative sentiment. A quick upturn, positive. Having an NFT that has a price in real live time of a floor price
creates negative sentiment.
Then gets positive sentiment.
So it's like, it's a double-edged sword.
It could be the best ally,
or it could be the worst thing that ever happened to you too.
So it's just like, this is what happens, dude,
when you basically have price attached to everything in this space.
Plus you've got a timeline full of whiny little bitch syndrome, you know?
Like, that's just the way it goes. It's just full of that. And we're always going to have that epidemic.
Expectations then the fucking degenerates that are here right now that are controlling the space
So maybe the saving grace is the people that actually come in here don't have the same morals
Don't have the same expectations as we do as you know kind of spoiled
To get free money handed out to us every day getting opportunities based off a 20k following
Having a hundred likes to be happy about fanny packs again and share right and handshakes and metaverse land
Yeah, you don't expect anything from coca-cola you don't expect anything from coca-cola
but coca-cola gave you a free fanny pack a majority yeah i think it's all about how it's
proposed right because it's like that was one of those things that i remember so as a sneaker hit
i think that that was one of the biggest questions with dodd swoosh and all that and people were
like well why does artifact treat me as a uh just a
number right or as someone that i can be sold to as another well i mean that's normal i'm okay with
that if you tell me right now i can spend x amount of bread and every single sneakers drop i open my
funk ass phone and it tells me i have a spot to grab my shoe?
Oh, it's over, bro. Use me as a product. I could give two shits less. I will pay you to open my
phone and access that. That's normal. That's what just priority access is. You're selling the access.
the access. I don't expect to get free product for the rest of my life. That's fucking ridiculous,
I don't expect to get free product for the rest of my life. That's fucking ridiculous,
right? We don't connect those dots on this side. Everybody fucking just destroyed Artifact and
Dot Swoosh at, how are you going to sell me a shoe? Well, motherfucker, we're a shoe company.
Well, I mean, what else the fuck you want us to sell you? Like, it's shoes. Like, we sell shoes.
You can buy a shoe that you couldn't buy anywhere else
I mean, that's what i'm offering you the opportunity to buy the shoe. So it's like it's a very simple concept
We tend to murky it up sometimes with all this complex and all this extra shit
We are the product your wallet is what they want and that's it
And they just got to figure out how to sell you something to basically take money, right?
Or but that's it. It's very very simple. We are the product
Hey real quick. Could somebody pin the tweet about the fanny packs? I want one of those
You know, we don't got moon birds, bro. It is y'all are ridiculous
I think the abstract socks are like fucking they're like five soul and now that's probably like 1500 bucks for a pair of socks
Those were dope dude. You now that's probably like 1500 bucks for a pair of socks those were dope dude unis that's where it came from yeah that's what and then yeah we got all
this shitty merch that people value well you know theirs was theirs was unique right because theirs
was like on a bonding curve socks on a bonding curve and cl controlled it damn bonding curves
let's first that's like frrentech. I was socks.
I think even you have pins like Comic-Con pins that give you a digital collectible and the Pudgy Penguins fucking things $3,000.
This is like Jesus Christ.
All you had to do is show up to a fucking furry event and you got a free $3,000, bro.
And you know who's winning?
The people that go every year collect all the comic-con free shit and go listed on eBay
There's no I mean that's that's normal people do that every year
They go to every single comic-con get all the comic-con exclusive shit that you can
Even if you got to spend an extra five bucks or a dollar and then go list it all right?
So it's like that's a normal web to thing that they can understand and they can understand demand from and we're the ones that are out here
Paying offering the dudes like I got a three thousand dollar offer on these pins
I don't even know what they are, you know and shit like that and and but he just got basically the whole village eight
So I don't know. It was cool to see
Um, you actually appreciate everybody for coming up. Go ahead, Aidan.
My bad.
What were you saying?
Yeah, real quick.
I'll just say you actually just kind of identified what I think needs to happen in order for this space to, quote unquote, like level up or move in a different direction.
And it doesn't mean that the casino on Solano will stop existing or that, you know, base will stop existing.
But it will be something that kind of like
gets a lot more people thinking forward as opposed to thinking what's happening now
and that's a web 2 giant coming into the space whether it's google nintendo
microsoft like someone's gonna come with a consumer product, a game, something of that sort. And all of a sudden the whole space is going to be paying attention because we don't take ourselves seriously enough most of the time.
And so even when there is something cool, we put a shelf life on it.
Whereas no one's putting a shelf life on Google, Nintendo, Microsoft, one of those, you know, major developers.
So I think we're less than a year
away from that happening that we will see a huge introduction to the space and you could argue that
we already know of one that's going to happen FIFA's happening before the World Cup like that's
going to be a big deal um we don't know what that's going to look like yet but I think there
will be some catalysts upcoming that remind us of you know an nba top shot that remind us of uh a zed run you know things that just like
were a little bit more uh tangible or you know had likeness and licensing attached it was an
experience right the only thing that we had this run on was trump and the meme coin cycle with celebs like there was no
Everyone had a good time kind of moment, you know
hyperliquid would probably be the closest thing to like
But it wasn't everyone had a good time versus on all these other ones
It was kind of like accessible for everyone
Everyone was having a good time during zed runner or like there's chicken derby
There was a million things like the time it was right in a sense, you know abundance so to speak
For sure. I think you missed
A9 I think that you did you miss the announcement that Google's launching their own l1 blockchain?
Did I miss that? Yeah, so Google Cloud announced the launch of its L1 blockchain GCLU, which simplifies cross-border payments.
Oh, yeah, no, no, I saw that. That, I saw that.
And Amazon's hiring for a crypto position, too.
Yeah, and then Google, basically $3 trillion just partnered with Coinbase to add crypto payments for its AI platform.
its AI platform. So Google launching an agents payments protocol called AP2. Google has announced
So Google launching an agent's payments protocol called AP2.
a new agent payment protocol, an open standard design for payments issued by AI agents that's
actually going to use crypto for it. So it's like you're asking for this stuff and it happens and
no one gives a fuck still. But you're like two years ago. Yeah. Nintendo put out the announcement
for like their Web three positions multiple years
ago.
And everyone just kind of rolled their eyes.
Like now it's never happening.
I think I'm telling you Pokemon 30th anniversary.
Don't be surprised if they have a plan to represent that on chain somehow.
Isn't it on Sui?
Isn't there a partnership with Sui and Pokemon?
There was literally like one of the labs
is like an investor in solana that's also an investor in this tech with pokemon and people
just connected dots that weren't there nothing was ever formally announced it moved the token
price and it came right back to where where it was because um pokemon didn't like definitively
say anything was going on suey so what's your speculation i
saw you post that the open sea people didn't uh blur out the nintendo cartridge the other day are
you expecting that it's going to be like open on chain that feels like it was months ago and it
probably was only just a couple weeks ago but um i think nintendo's next i i thought that for a while i think my
bags are packed accordingly i could be completely wrong but you know that's where i'm at i'm like
i can admit that i'm a maxi that has a handful of other things that i just don't take anywhere
near as seriously as like my one main conviction and i'm'm irrational for it, and that's okay.
How the fuck do you get allocated to Nintendo coming on chain, bro?
Is it like something to do with Nakamigos?
Like, come on, is that real?
I don't know.
I literally don't know.
You said your bags are packed for Nintendo to come on chain.
I'm like, what bags?
Like, what bags?
Oh, well, yeah.
No, I'm obviously not.
I'm not trying to shill.
I'm not trying to make it like a Nakamigos thing.
But yes, like everyone knows where my bags are at okay all right well that's interesting that'd be
awesome to have that's what i've been saying like everybody's talking about the next web 3 game uh
what's going to be the next axi infinity i just think it's fucking these big fucking industries
like csgo coming on chain and like does that benefit them i mean if they own the marketplace
and they get fees and more fees yeah probably but i don't i don't know i just can't see like i think it is the nintendo's
i think it is the csgo's i think it is the psas that uh like basically collapse all these mom and
pop web 3 protocols like the big people are going to come with their infrastructure and their money
and their people and going to launch it on chain. And that's what's going to dominate Web3 in the next 10 years, not this blockchain that was spun up by some dead that got a seed round from A16Z 20 years ago.
Like, it's going to be the big infrastructures that continue to dominate.
Okay, so I'll say this.
Everyone has β everyone, Elon, and their mother has an opinion about Beeple.
Beeple's had some interesting art over the course of the past few years,
and he's not shying away from Nintendo likeness or licensing like through his art.
He does some other things here and there, like he literally just did Mickey Mouse last night for the Jimmy Kimmel thing and ABC Disney.
But he does the nintendo pokemon stuff frequently on top of that he does this uh like a vr headset so pokemon just had a i'm sorry nintendo just had a direct they announced
they're returning with the virtual boy which was their vr concept from like 20 something years ago
their entire audience is like, what?
Like, what is this?
Why are you cash grabbing us for a hundred dollars to buy this thing?
Like no one's going to play it has eight games.
Like what's the point?
I think there's some more building storytelling happening,
building a narrative around AR VR.
People had said to knock amigos, he was like, Oh, there's going to be alpha,
you know, tomorrow when I speak in Basel and there was no alpha. And then one of the knock
amigos was there and he asked him on camera, like when we were all in spaces and he was like,
I'm sorry. Like I, there was no alpha. Like, I love you. Meanwhile, he had, he did a Q and a
or like an interview with, uh, this, this woman,
I think, I can't remember her name. I have to look this up. I have to like write this down so
I can tell people like more effectively. Um, but she was like 60, 70 years old and her whole career
was in virtual reality. Like she was there at the origins of virtual reality so i think
nintendo's coming back with something ar vr and i think that people has been foreshadowing it
um through his art and i'm crazy and that's okay like i said i'm willing to not die on this hill
where i'm gonna argue with people about it but just like you know this is this is my not that
hard to think of it's not that hard to think of
it's not that hard to think i mean we just had uh meta and ray-ban basically displayed glasses to
text yeah that and like just the whole virtual boy thing makes absolutely no sense why they're
coming back with something nostalgic early on in like the you know uh lifespan of uh
the nintendo switch 2 i think there's big we're going into christmas season bro and we're going
into christmas season there has to be new products for people to buy obviously all these people are
in slacks together and talk to each other the fact that meta and ray-ban are rolling this out
with ray-ban you would imagine there will be more competition with nintendo and sega and playstation about their meta vr and how
are they going to compete in the next phase which is obviously you know integrating augmented reality
with virtual reality so i don't think it's that far-fetched i don't know if it's integrated with
blockchain or people's involved but i don't think it's far-fetched to see nintendo coming out with some kind of vr headset that play games on bro i don't think that's that
that crazy but we'll see dude i saw that there's a mandela effect that people were pulling up this
old phone uh to the old pikachu and people say that pikachu's tail was black uh and then
it's not it's yellow i don't know if that was true or not. They said Britney Spears hit me baby one more time.
She had a plaid dress on.
They say it's black.
They said even in one of her music videos, she had like a little microphone.
And then it doesn't anymore.
So I don't know, dude.
Did Pikachu have a black tail?
People are saying that it is.
It has a black piece on his tail.
Bro, I can tell you that Britney Spears
I can tell you that Britney Spears was definitely wearing a plaid skirt and my go check bro. It's black. It's black
You go check you go check today after you got you go watch you can you can hear the gun and in their voices boy
These are some 12-year old boy memories just unlocked.
I was like, yeah, like sophomore year of high school, bro.
I remember.
I hit Purity.
I hit Purity hit me baby one more time.
I was even younger.
Jesus.
Yeah, dude.
So, yeah, you guys, after you got the show, you guys go tell me the Mandela effect.
I think it's real.
You guys all remember plaid.
You guys go see it. It's a black.
They're all wearing black
skirts, guys. I mean, it makes sense
it's plaid. I mean, that's typically, you know,
the schoolgirls, they're from Catholic schools.
They're wearing plaid. Nope, it's black.
Mandela effect's real. Our simulation
has been altered.
This is what the Daily Alpha's been about.
Appreciate you guys stopping by the show.
We host it Tuesday through Saturday.
We'll be back tomorrow.
Starts at 11 Central.
I'll leave you here for Chief to end it.
You guys have a great year of your day.
Appreciate everybody that came up on stage,
everybody that contributed to the conversation,
helped the time go by.
Everybody that likes, retweets, engages means a lot.
Helps us grow the brand.
When the space is over, there will be a thread that goes up. Covers everything that we talked about in the show. Might be a little bit shorter today,
so show us some love. Once again, that's how we can grow the TDA and get more opportunities.
So Tuesday through Saturday, 11 till about 12, 1230 Central. It's TDA or stay poor. You guys
be safe. Have a good one and catch you in the foundry Thank you.
