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THE DAILY ALPHA♻️
Recorded: Oct. 18, 2023 Duration: 2:55:55Space Recording
Full Transcription
Sounds like a pig, bro.
Sounds like a pig, yeah.
What is it, a Boston...
No, it's a...
Is it a pug?
I forget kind of...
No, it's a Frenchie.
Frenchie bulldog.
Yeah, he just has a tiny snout, like a smaller snout than other Frenchies, so it's harder
for him to breathe, bro.
Oh, yeah, baby.
Oh, fucking yeah.
Well, we got another day.
It's Wednesday, and that's usually the heaviest day for me.
I think I got about 195 stops today, which is down from last Wednesday when I had 220.
So, I'll be getting done around 4 o'clock today.
But as we go, you guys all know, TDA runs Tuesday through Saturday from 945 to about 12, 1230
central.
Appreciate you guys for showing up right when the show starts.
It means a lot.
If you can like and retweet, that'd be great.
If you don't want to, that's fine, too.
I see you.
People listening on the recording, we appreciate you, too, taking a little time out of your
day to tap in.
I know that you couldn't be here in the space, but our thoughts and prayers are with you.
Appreciate the support also.
But as we proceed, it's been a pretty interesting 24 hours.
It's always interesting when I go off the show, and then I come back 12 hours later.
And last night, we had another pump up to $29,000 in Bitcoin.
And of course, I was asleep, so I wasn't able to take advantage of it.
It just kind of always seems that every time I'm asleep, we get these scam wicks up or scam
wicks down.
I woke up, and we're back to where we started, around $28,000, bro.
What's up?
You need to stop sleeping.
I know.
It's crazy, bro.
Like, I just need to probably stop sleeping, and then I can take advantage of all these
situations.
And you can be rich.
That's literally the answer, bro.
I just can't.
I mean, I have to, I have a life.
I have to work, so I have to get some sleep.
But yeah, I guess Asia woke up and decided, some whale in Asia decided to buy, like, 15k
or 15k worth of Bitcoin or $15 million worth of Bitcoin.
I don't know, but it pumped the price.
But then it was sold off by the morning.
So, really not much there.
Looking at chart-wise, BTC dominance is rising, which is typically pretty bullish for the market.
That means that more people are basically putting their money into Bitcoin than altcoins.
So, looking at the charts, it's pretty weird because you look at the Bitcoin chart, and
everything's looking good.
It's looking bullish.
It's looking like, you know, there could be a breakout here in a few days or in a week
or so.
And then you look at a lot of altcoin charts, and they just look like complete shit.
So, it's kind of a different dynamic.
Typically, you have them, like, kind of lining up.
When Bitcoin looks like shit, then altcoins look like shit.
When altcoins look good, typically BTC looks good.
But BTC looks really good.
Bitcoin dominance is going up, and altcoins look like shit shows, which makes sense because
people are selling off their altcoins and buying Bitcoin, waiting for some kind of news
pump, I guess.
And you can look at lines all day.
You can do technical analysis all day long and buy and sell and trade that way.
But no one can predict, you know, like, if a war breaks out, or no one can predict if
a news article comes out that's fake news or that is real.
So, the charts can't predict the unpredictable.
So, I mean, I don't know.
Dude, did you?
I was about to say, kind of an update on that, like, you can't predict it.
The ask.
I mean, we all knew that there was going to be an ask for assistance and aid or for the
money printer to turn on.
But the ask of $10 billion.
Was it $100 billion?
Wasn't it $100?
Wasn't it $100 billion they're asking for?
No, I think it was $10 billion.
It's fucking crazy.
They want it for Ukraine and Israel, which we already give $3 billion of aid to Israel
every year.
So, I guess they want an extra $10.
So, $10 billion is, like, the money printer's not going to stop for a while, bro.
It's already gone.
Like, I have suspicions that the Fed, like, if you look at the Fed's balance sheet, it's
in the negative, like $100 billion.
And I personally think that they've been secretly bailing out these regional banks behind the
scenes because of all the fucking treasury and shit that they bought during COVID, they
can't sell it.
So, I personally think that they've been secretly having the money printer the whole time and
bailing out banks.
And, like, this kind of equates to kind of an article I have at the top, which is written
by Reuters.
And it basically says, Bank of America reports a $131 billion unreal losses on securities in
And this is a bigger bank, too.
Like, this is a big four, Bank of America.
But a lot of regional banks are in the same situations.
So, Bank of America reported unrealized losses of $131 billion on securities in the third
quarter compared to $106 billion in the second quarter.
The bank expects no actual losses in long term as they are on a government-guaranteed security
held until maturity.
Despite the sizable unreal losses, analysts believe it's highly unlikely the bank to sell
the securities at a loss due to strong liquidity and higher capital.
But what happened was, during COVID, a lot of these banks bought long-term securities, and
they were cheap.
And now they're pretty much worthless.
The yields on them are worthless.
And it was like, weren't a lot of them buying, like, homes?
Uh, loans and shit, and the 2% and 3% interest rate, and then now it's like 7% or 8% to get
a house or some shit.
Well, these are, these are, like, the banks.
So, like, you deposit your money into a bank, right?
And your, the bank takes that money and puts it into investments.
And typically what they do is they buy government debt.
And this government debt typically has yields on it, like, of 6%, 7%, 8%.
But, yeah, and then, like, there's interest rates on top of it.
But what happened was they bought a bunch of these long-term bonds, and they're completely
worthless because the yields on the newer ones are a lot better.
So, no one's buying the old, the old yields and buying the short-term ones because they
have better, they have better return.
But, like, if, say, this is why I think the Fed is secretly bailing out these regional banks,
because we saw this with SVG and these other banks during that bank crisis, too, like,
six months ago.
If there is any kind of bank run where, you know, the banks, these regional banks need
liquidity or they need to give the money back to the investors, they basically, they, all
the money that they have is tied up into these long-term bonds.
And for them to get, they basically be losing money for selling them.
So, they literally can't sell them, and they have no money on hand.
Plus, we have new laws called fractional reserve banking where they actually don't even need
any of the money that they're owed in the vaults.
So, it's a complete shit show.
So, I personally think if we're going to raise rates again, like, in November or December,
you're going to start seeing these banks start collapsing left and right because they're
already being propped up by the Fed secretly through, like, these, like, secretly printing.
But, like, all it takes is one financial crisis where the banking system kind of is defaulting
and people don't have trust in it, and people start taking their money out, and these banks
are going to have to start selling these long-term securities.
And, like, you already see Bank of America, if they sold all of these things, they would
be $131 billion in loss.
I would imagine the regional banks are in a typical situation but aren't a big four bank
where they can, they won't get, like, they'll let them collapse.
They won't let Bank of America or Chase or any of these collapse.
They'll bail those out like they did in 08.
But these regional banks will fall like dominoes because there's not enough money to go around
to bail every single one out.
So, it's a fucked up situation.
But how many of these regional banks are going to make, like, the news that you would know
that are failing in order to catch this, right?
I feel like most of them are so, like, the original ones are so tiny that, yeah, you're
probably right that this is occurring or that, you know, has the potential to occur.
But these are banks that are so small that you're definitely, not small, I mean, I'm talking
20, 30 branches, you know, relative.
But nothing like the, you know, 100K or something or 50,000 that are Chase, the Bank of America,
Wells Fargo, ultimately the bigger ones, you know?
So, SVG we've really heard of just due to the fact that it was in Silicon and that's
where the main startup bank was.
But I don't think that we would hear from, you know, more of those.
They would definitely keep it on the hush-hush.
Yeah, yeah, probably right.
Probably what will happen is one of the big fours will start showing cracks and then that
will be, like, a domino effect for the smaller banks, you know?
Yeah, that's what I think.
I think we have a better chance at us seeing cracks in something that's a bigger name.
And then, obviously, like, it'll just be, you know, one of us.
Someone has to be sacrificed, bro.
It just was you.
Yeah, and a lot of small businesses and stuff get their loans through these regional banks
and stuff.
And, I mean, they'll collapse without a silence.
You know, they'll be pretty silent.
You know, people won't care.
But, like, typically when people start getting the huss and fussing is typically when maybe,
like, a regional bank, like with SVG, had a lot of people in Silicon Valley or stuff like that.
Like, that's when you start hearing regional banks when, like, you have, like, startups and
tech startups possibly bitching and complaining on the media channels about, like, how they
can't take their money out.
So, it's like the small businesses, the brick and mortar, the mom and pops, yeah, the media
isn't going to fucking cover that.
But they'll probably cover maybe a tech startup going under because a regional bank collapsed
or something.
So, it'll probably be a big four thing happen.
And then it'll kind of be, like, a small collapse of these regional banks.
And maybe people start realizing that this whole thing's fucked.
And they're just raising interest rates while they continue to print money.
Like, it makes no fucking sense.
It's not going to end.
It's not going to end well.
Like, if you're going to go print a hunt, what is it, $10 billion for aid out of thin air?
Like, how is that going to combat inflation?
Like, all you do when you raise rates is just going to keep fucking over the system and these
banks and everybody else.
So, it's not going to – I don't see how this results without some kind of catastrophic
fucking thing.
It just doesn't make sense to continue to print money out of thin air but continue to
raise rates.
So, yeah, it's a tricky situation.
Jerome Powell is in a tough situation.
And I don't know.
We'll figure out where it happens or when it happens.
But maybe it never happens.
Maybe it's just all a mirage and all this stuff is just a house of cards that's just being
propped up by, you know, a bigger infrastructure that we don't have access to or like a big
money printer from other countries or something.
I don't know.
But I don't see how this is sustainable over the long term.
But I kind of saw that article on Reuters this morning and I was like, yep, this is exactly
what we're talking about.
These banks are just in complete debt.
And if there's any kind of bank run, you're going to start seeing these things like get
broadcasted in the news and more scared people might have not trustworthy with the banks and
start pulling their money.
So maybe we'll start seeing that soon because I'm pretty sure a lot of people read Reuters.
So maybe the scare has already started.
But as I saw this morning, we've got a bunch of mints today, man.
Like there's a bunch of shit going on NFT side.
Wallet Wars is already minting.
Looks like a lot.
It looked like a lot of people got on that.
And are the.
Yeah.
First come first serve is not meant yet.
It starts in an hour.
It starts in an hour.
Yeah.
I'm going to grab some coffee and I'll double check.
But yeah, I think it starts in an hour.
I know that guaranteed started at one hour ago, nine o'clock our time.
And that's for like affiliates and stuff.
Yeah, that's friends, family.
Shit like that.
Like more of a closer circle stuff.
And it's 0.02.
And then first come first serve.
Whitelist is 0.03.
And then public, if it gets to public, is 0.035.
These are sitting around 0.04 right now.
Would it be best to start sweeping right now?
Lowest it hit was 0.035-ish.
So it's not really moving in terms of volume.
Maybe a lot of people are thinking they can hit in the first come first serve.
But it is a collection of 5555.
So something to definitely keep in mind.
Yeah, we have a bunch of stuff that's mentioned today.
Maybe we'll just throw it up there and get it out of the way.
We usually talk about it later in the show.
But let's do it now since there is a bunch of shit.
There's like two pages.
Usually I have just like one screenshot of Swizzy's Mint app.
So if you go to mintwizard.app, you can get all this.
So you have Alts by Adidas, Swap Your Alt, Cellmates, Inkmate Drops, Wallet Wars, Alfonso Cargario, Noble Gallery, Typical Friends, Mystery Drops, Snapshot, Faux in 6529, Seasons 5, Ayofi Doyor, The Undeniable Flourishing.
We have The Dunk, Genesis today.
We have Rec Show in London, Killer Acid, and Click Create, and then Kat Russell's Dossier.
And then NFT, Colander, also does a pretty good job.
Talking about stuff.
But I feel like a few of these are already mentioned.
So they have the Inkmates, and they have Wallet Wars on here.
But they also have this sole project.
It's called Asu NFT.
It's 4,000 NFTs.
It's .69E.
And then let's see what the other one.
They have two posts today.
You have Namstay by Solana Sensei.
That was a free man.
It looked like he basically has been accumulating.
Oh, that was the one I told people to follow last week.
Yeah, he's been basically accumulating whitelists himself for like the past three months and
basically airdropped a bunch of people in a tease this morning.
I think there were like 18 sole floor or some shit this morning.
But yeah.
Yo, and that was a free man that I told everybody to put I think notice on like last week or something.
But yeah, it was a small collection.
He was handpicking.
No influencers.
So, I mean, it seemed very salami and good.
But yeah, that's the type that it did well.
And then we have Undeniable Flourishing by that one that we talked about earlier.
Apoid Dwyer.
That's .1 sole.
And then we have another Pokemon drop.
So, we have the Collector Crypt Genesis drop 110 entities at 3 sole today.
That's going to be launching on Magic Eden.
So, yesterday we had the Courtyard Pokemon cards sell out within seconds.
I think it was $100 a piece.
And they flew.
So, I was asking that question with the headline.
Do we think that maybe loot pack and card pack openings are the new meta?
They seem like people are pretty enthusiastic and something they enjoy.
I mean, it's always been a thing, right?
Like ripping packs open.
Yeah.
The fact that they're doing these variable price ranges, I think that that's right on the money.
You know?
You're having your fun.
You're enticing people.
So, $5, you get a mass of people.
And then $300.
Okay, cool.
A lot of people sat back and didn't participate.
Now, $100.
You know, you got a little bit more that didn't participate this time that participated because it was $100 and not $300.
But, you know what I'm saying?
So, you can kind of go in cycles of the demographic you're trying to cater to with the quality.
And, dude, there's millions of fucking cards that are great at just sitting there at their disposal.
You know, they could literally run this model nonstop at different price points indefinitely.
So, what would you like to see next?
Like, let's just say Pokemon is now mid.
No one wants Pokemon anymore.
Let's just imagine that.
What would you want to see as, like, a courtyard pack or a crypto collector pack as the next pack?
Would you like Magic the Gathering cards?
Sports cards?
Like, what would be something that would like to be?
Oh, so that's what I was trying to explain to you.
So, for one, the sentence you started off with is impossible.
Pokemon will never not be, like, sought after, especially in the collector world.
But, when you go to different style cards, they're sought after for different things.
For example, Yu-Gi-Oh cards, rare cards are sought after to be played, right?
People will go and literally buy these banned cards or these cards that are no longer in circulation for Yu-Gi-Oh!
And they'll flex them at tournaments and use them in that sense.
You'll never see someone spend, you know, that bread on a Pokemon card and try to take it and play it in a game or something of that nature.
So, it's different reasons, I would say, why people go and spend money for different styles of collectibles.
I know that Magic the Gathering is also one of those that people like to flex in-game.
Or, it's more of a collector's piece that you utilize rather than just show off.
So, I think that it definitely matters on that end.
And, at this moment, it seems like they're more focused on collectibles.
Something that you're going to display in the case with some lighting, whatever it is, right?
The, hey, go look at that kind of thing on the wall rather than, hey, come look at this when I'm playing somewhere.
So, I think Pokemon is definitely a good start.
I wouldn't say it's also a good finish, but it's one that it's not necessarily going to phase out.
That'll be a bread and butter that they can come and, you know, continuously tap into.
Yeah, would you just want to continuously do Pokemon cards, though?
I would imagine there would be different rarity of cards or variety of cards in the future.
Yeah, there can be.
But, also, I mean, there's new TCGs that are slowly starting to becoming popular, right?
There's the Lorcanna, which is the Disney one.
I think MetaZoo had a little, or something like that.
I don't know, something Megazoo or something that was actually pretty popular recently.
So, there's different ones.
The One Piece cards people are opening.
So, I mean, there are certain collectibles, but when it comes down to that, I mean, Pokemon tends to be, in terms of collectible, right?
The ones that you grab and store, not grab and play with, the most common and dominant.
I think they should do, like, rookie cards from NBA basketball players in the 80s.
And then, like, one of the Grail, you know, like the Grail ones were, I forget what the Pokemon, I'm not a Pokemon fanatic, but I'm sure it was like a Charizard or something like that was the most rare one.
Maybe if they, like, implemented, like, a Michael Jordan rookie card in one of them, and that was, like, the Grail one.
Like, those go for thousands and thousands of dollars.
I think it would be cool to, like, switch it up and do viable cards in sports, too, like rookie cards, NBA players, maybe MLB players, NFL players in different eras.
I think that would be something I'd be interested in and probably would buy.
Like, I didn't, like, I saw the money opportunity with the Pokemon cards, but I couldn't tell you which Pokemon's the best or which one I should get.
When it comes to sports, I could definitely, you know, I need to get this.
I want to be, participate.
I have a lot of sports cards and binders and stuff at home.
So, sports cards would be dope if they can do that.
So, I mean, there's tons of those PSA graded, too.
So, and people go to those card collector shows, and they're, like, some of the biggest events are these, like, sports cards and shit.
So, that was something that they maybe could implement.
Another one, another mint that's going on today that isn't on any of these mint lists, which we've been following.
Well, maybe I've been following.
Zero Monkey Business is minting today.
They're phase three.
So, Tony, part of OMB, ZMB artist, wrote a post yesterday saying, ZFG, we mint tonight, the 18th at midnight, Eastern, 1159 Eastern.
This is whitelist only.
Then, at noon Eastern, we go public, so in about an hour.
The link to Wave 3 Mint is a custom site, and we'll link only through the EuroSoFad bio and officially Discord announcement.
He was on, I think, what does it say?
Whitelist Mint is 0.69, and Public Mint is 6.9.
So, it's a six-soul mint for public.
But, Tony came up on Easy Show this morning.
A lot of people are concerned, is this going to get the public?
He said he didn't over-allocate, and that there will be about 300 available for public.
So, this is on Solana.
I don't know if it could actually be a gas ward, but there's going to be a lot of demand for phase three,
concerning there's going to be 300 available for everybody.
So, you've got six or seven stole in your wallet.
I would try to attempt to get this and try to see if you can snag one.
So, it's a little heads-up there for you guys.
You've got about an hour to figure out, to accumulate that seven's salt.
What's up?
You still got your...
No, I sold them.
Sold them at, like, 50's salt.
Okay.
Remember that guy came in, and he was bitching and complaining that I had his pizza-eating one,
and he gave me the invisible one?
Yeah.
Yeah, I thought he gave you, like, a really cool...
Yeah, he did.
A seed-to-the-brain one or some shit.
Yeah, he did.
I just...
I was like, I'm selling this bitch.
And they're at, like, one of my sold now, so I made, like, pretty good...
I think I purchased it at, like, 28 sold and sold it for 50.
So, it was a pretty good trade.
We were kind of speculating that he was going to move the collection over the BTC during that
BTC time, and he was getting some traction because his artwork was on OMB during the OMB time.
And we were right.
If you did own a ZMB, you got a chance to get whitelisted for green eyes.
But after that snapshot was taken, the price dropped pretty quickly.
So, that's kind of how it came and how it went.
But I made a little profit off of it.
Not too bad.
Not too bad.
So, let's see.
Now that we went through the mints for today and got you guys all lined up to make sure
that you guys see opportunity and possibly could take advantage of it, I guess we'll
go into some other shit that happened.
And this morning, it looks like Coinbase opens perpetual futures trading for eligible international
customers on Coinbase's advanced platform.
So, yesterday, I said that I was shorting or I was longing Bitcoin the other day.
And a lot of people hit me up in the DMs after the show.
It's like, where do you trade?
Where do you trade?
I told them I'd trade on KuCoin with the VPN, which is probably not the best.
But, you know, there's Mexi also.
I know they have DYDX is also another one.
Rollbit, you guys can obviously use VPNs.
But Coinbase announced that eligible customers outside the U.S. can now trade perpetual futures
and Coinbase advance their platform for sophisticated retail traders.
Customers had access to four perpetual contracts.
BTC, ETH, Litecoin, and XRP settled in USDC.
So, it doesn't really say what, I guess, non-customers, American customers are eligible for this, obviously.
But if you're outside the country and you use Coinbase advance, you look for those contracts.
You're going to be able to leverage it up to 5X leverage and 3X on XRP, which is risk.
It's like risk off for sure.
Like, once you're on Coinbase or KuCoin and you go up above like 6X, they start putting notifications on like risk management, risk management, risk management.
3 to 5X is not that great.
You need to go on Rollbit.
Rollbit and drop 1,000X and just let it ride.
Dude, that's like 1,000X.
Like, if that price goes down like three cents, you're liquidated.
So, like, you can literally submit a limit offer or a limit order and go to your position.
And right when you go to your position, you can be instantly liquidated to 1,000X, bro.
Like, you better be knowing your ranges.
You better be fucking seeing that shit bounce five or six times off that resistance and support to put 1,000X left long on that bitch.
That's super risky, bro.
Super risky.
I would not do that.
I don't even – you guys shouldn't even be leverage trading, period.
Like, you want to lose a lot of money?
Leverage trade.
You want to have night sweats?
Leverage trade.
You want to wake up in the middle of the night checking positions and losing sleep?
Leverage trade.
It's not great for your mental health, but it's a way to take advantage of situations and news events if you do see something popping off.
But, yeah.
Yeah.
So, there's tons of opportunities in this market to make money and flip.
Last week, didn't we have that crypto frog, cryptoed, that someone fat-fingered and basically gave over a million dollars to somebody?
Yesterday, there was a Nouns that traded.
It was a crazy deal.
NFT statistics said, free money in the bear.
Yesterday, someone bought a Noun on the daily auction for 6.9 ETH.
There was a 20 ETH bid on the Nouns.
He flipped it for 13.18 ETH.
That's a $20,000 gain in one day.
Big W's, as Sirius says.
So, I mean, these fucking things go.
What does a Noun typically go for?
It used to go for, like, 80, 90, bro.
Yeah, but, like, this is 6.9.
It's probably one of the lower sales.
I think an average sale today, they had one.
It's 30.
Remember, you could get 35 from a Nouns.
Remember, they had that buyback program now.
The fork, if they fork it.
I think they forked it two different sessions, and you get back 35, and the forks go for 36 right now.
Yeah, so basically, if you have one, you can go and say, I don't want it.
Remember, this was that whole, we had English explain this to me.
I don't know if English is here already, but he can come up and explain it.
He was saying that a lot of people were upset because they bought Nouns at 90.
Some bought Nouns at 15, and then the settling price was 35 or something.
So, yeah, that was a fat finger.
Just free money in the bear for real.
Because if you got it for six, and you can just sell it literally back to the Dow for 35.
Is that a standing offer, or was that only for a temporary time?
No, that was the thing to buy back from this whole them disbanding.
I know, but like, does that go on for like ever?
Like, if I just bought this now, and I could sell it back to the Dow?
Like, I don't know.
I thought that was just like a temporary thing they were doing during the fork, during the dispute.
But yeah, this guy, this guy just basically fucking accepted a wheat offer instantly.
So, I guess he didn't know about that buyback, or maybe there isn't a buyback anymore.
That's why I was curious if that still stands, because if this guy fucking, I mean, he made money.
But he could have made more money if he just sold it back.
He would have made an extra like 10K or some shit.
So, but yeah, there's always opportunities.
When English comes in here, we can invite him up.
But yeah, I remember him explaining that to us probably about a month ago or something.
What up, Bunkle?
What's on your mind, man?
Good, brother.
Yeah, I heard you talking about leverage.
And if you ever want to feel alive, just 100x anything.
100x a new shit coin.
That's kind of where I just try to feel alive.
Yesterday, I actually shorted Blur.
I made some money along the way before this, so I'm not even down.
I shorted Blur, and it was at like 16 cents and a quarter, and then it whipped down to 15.75.
And then now we're at like over 19 cents.
So, I got stopped out.
Yeah, piss missile.
I got stopped out.
But that was, it made me feel alive even though I lost.
I was like, damn, at least I didn't have huge leverage on it.
Now I can leverage short it even more from 19 cents.
So, let's see how it goes.
Why did it shoot up like that?
Did they just saw like a new wallet like you trading?
Like, oh, we got to fucking liquidate this motherfucker.
Or was there some kind of fundamental thing that maybe was the, you know, we talked about the VIP.
Did that pass or something?
Like, why did this shoot from 15 to like 19 cents in less than an hour?
Like, what happened?
Was there a news event?
Like, what the fuck?
I don't think there was a news event.
I was looking for it all over in my coin chats, and I didn't see anything like that.
And the only thing I could think of that I still didn't get to check, I'm checking now, honestly, a little late now.
But I'm checking now is that maybe somebody put a huge liquidity pool investment into it.
That's the only thing I could think of, thinking they want to front run blur if they're going to do it themselves or have their own liquidity provider give more, you know, cushion.
Which makes sense.
So, basically, they're adding to it now, so they'll get a better, like, rate.
And then when people start doing, they'll be transacting off of their liquidity, and then blur will come and backdoor it.
But, I mean, that's huge speculation and hopes.
Oh, we're 100% insider trading, and that's exactly what's going to happen.
Sorry.
I was in the middle of that, but, yeah, I mean, it's interesting.
And I saw your post in the group chat about it, and I was like, damn, that's crazy.
Especially now alts are taking a big hit with Bitcoin dominance going up.
I was just kind of curious of why this one coin, you know, piss missile, why all the other ones are kind of bleeding out.
It doesn't even make sense, because the token value locked went down $1.5 million, 10% of the whole thing.
Why did you choose blur?
Went down, went down 10%.
Why did I choose blur?
I get lazy.
I choose what's inevitably going to be the news, and I try to front run the news, and sometimes I front run the news too early.
That's kind of what happens.
Yeah, I was checking some charts yesterday, and the next two weeks don't look really great for altcoins.
Yesterday, I put a short in for Aave.
They have like a blood diamond on like the two-week chart, and I was like, yeah, this shit's going to go down.
And if Bitcoin dominance goes up, like the Bitcoin chart is looking really bullish right now.
And if we continue this Bitcoin dominance, a lot of more alts are going to bleed.
So I picked Aave.
I just think it's a shitty ass fucking protocol.
And now Egan Layers out there, I just think that not a lot of people are going to go like, oh, let's go buy Aave.
So I was like, yo, if their altcoins are going to dump, like Aave's going to dump.
And I think I put it at $62, and my liquidation's at like $68.
So we'll see where it goes.
I'll let you know.
But I'm pretty sure like from these charts that I'm looking at, they're starting to pop up with like outflows and blood diamonds on a lot of these altcoins.
So if you're patient enough for the next two weeks, I think there is going to be another dump on altcoins.
And it doesn't mean Bitcoin's going to dump too.
Maybe Bitcoin rises, and that's what causes the dump.
But yeah, a lot of people –
And that's the thing.
That's what happened.
That's what happened.
We saw Bitcoin go up, and the altcoins were also lagging.
That's the reason why I kind of thought of shorting because that's usually what happened.
And we're – and I think we're at like almost – I think we passed through a resistance, and we're at the next support of Bitcoin dominance.
And I see us going up a little bit higher in Bitcoin dominance.
Yeah, I mean, you got Larry Fink on Fox News telling all the boomers that fucking Bitcoin's a flight to fucking safety or security.
So these motherfuckers probably have a Venmo.
These motherfuckers probably have a PayPal.
And they're not going to go buy Ether, Litecoin, or Dogecoin.
They're going to go buy Bitcoin because Larry Fink said so.
So maybe that's another reason – a lot of people are now hearing ETFs about to be approved.
They're hearing on Fox News that Larry Fink, you know, this is going to happen, and cryptos of white security have gold pumping.
People think, you know, Bitcoin is the digital gold.
So maybe him being on national television and him kind of showing this is starting to change some people's minds.
And that's kind of why Bitcoin dominance is going up because the new people, all they know is Bitcoin.
So, of course, that's going to be the coin that goes up first.
And, I mean, it's typical, right?
Like, I think that you guys, you know, it's all a trend.
Like, typically, Bitcoin dominance goes up.
It stays.
It keeps going up.
Keep going up.
Alts bleed.
Then it tops out.
It sells off.
And then that liquidity that people sold in profit usually cycle into the altcoins.
So, like, that's typically what happens.
So, I would imagine that same cycle is going to happen.
And right now, it's best to just stay in Bitcoin and are just, like, stable up, right?
And then once we kind of…
You forgot about halving.
The halving.
The halving.
I'm just talking about short term, like, the next two to three, like, the next month or two.
Oh, right.
Fair, fair.
I said you meant general cycle.
My bad.
Go ahead.
I just think, like, probably in the next month, I see Bitcoin dominance continue to rise and altcoins continue to bleed.
But eventually, Bitcoin will top out, you know, and then people will take profit from Bitcoin and then cycle those gains into altcoins.
So, like, it's probably not best to be hanging out in these altcoins.
If you are going to hang out in cryptocurrency, you know, probably stay in Bitcoin or just keep being stables.
And then once we see the sell-off on Bitcoin and people take profits, then you can start leveraging the altcoins if you're longing are just holding, like, Solanas and East and the smaller altcoins.
So, and then, you know, people will take profit from that and hopefully that cycles into NFTs.
So, maybe that's where we see the Santa rally, right?
So, maybe Bitcoin dominance lasts for another half a month until, like, the beginning and middle of November.
People, then we have an altcoin run in the mid-November.
And then December, we see a Santa rally with NFTs.
So, maybe that's kind of the cycle we see this year.
And I hope so.
Like, I hope we have some kind of bullish, some bullish stuff that happens before the end of the year.
But next year is going to be pretty interesting.
We have halvings, like you said.
And we also have, you know, election cycles and, you know, ETFs.
So, it's going to be pretty interesting.
It's going to be very interesting.
Blaze, what's up, man?
What's good with you, man?
What's good, bro?
What's up, TDA, man?
It's been a minute.
This shit.
Yeah, y'all was talking about Ethereum and whatnot.
And yesterday, I was talking about the price action and, like, speculating on the price action.
So, I was doing some research, really just looking at YouTube and my trusted sources from there.
But, so, what is it?
I forgot the asset manager.
Oh, ProShares.
They're looking to get a short ETF on Ethereum and it's supposed to be starting around December.
And then you also had another big, actually, the Ethereum Foundation.
They let go 30 million of Ethereum.
So, we're looking at a crazy dump right now on Ethereum coming up on the next couple months.
And you were saying that we could get, like, liquidity coming back to the NFTs.
That could actually be bullish for NFTs alone, I would say.
And the reason why I say that is because the transaction prices are going to be low, right?
Like, they already are because there's nothing happening over there.
So, they're just going to just continue to get lower.
And then the price of Ethereum will actually be lower, too, if everything, the speculation actually comes out the way that we're looking at it right now in December.
Yeah, I mean, Bitcoin is pretty much the only chart that I'm looking at that actually looks bullish right now.
So, yeah, a lot of charts have pumped in the recent.
And maybe, you know, if an ETF announcement happens and Bitcoin pumps to, you know, some people are speculating that when the ETFs get approved, I saw an article this morning that Bitcoin pumps to $73,000.
Maybe, like, that's crazy.
And that was just an article I read.
I don't believe that.
But if maybe Bitcoin does get an ETF announcement, maybe it drags the coins up with it.
That could be something that we didn't predict.
You know, maybe, you know, like, there's no way that Bitcoin can go.
Like, we're going to say it does go to $73,000.
There's no way that Bitcoin goes to $73,000.
ETH doesn't, you know, rise a little bit with it.
So, yeah, we'll see.
You know, like, those kind of things you can't predict.
And you can't expect that to happen or even bet on that to happen.
That's stupid to do.
But, yeah, maybe, you know, rising tides raise all ships kind of thing.
So, we'll see.
Yeah, I would say just looking at the way things are playing out right now with Ethereum, I would say that we're looking at Bitcoin to pump after the holidays.
Like, say, after January, after, you know, New Year's and all of that.
Because once that short, if that short actually goes through the short ETF for Ethereum in December, bro, it's going to get bad.
It's going to be blood like a motherfucker, bro.
And everybody's going to be looking at Bitcoin to, you know, regain their positions.
Yeah, I mean, we will see, baby.
We will see.
It's an interesting time.
I think we got through the worst of it.
And if you're still here, just don't give up.
Like, I think that if you've been here this whole time, and I feel like you have it in you to at least stick around until the halving.
And typically, what's going to happen during the halving, now that I said that, is it's going to dump.
And people are going to, like, see, the four-year cycle isn't real.
And that's when a lot of people are going to capitulate and give up.
It actually stuck around until the halving.
And then after everybody capitulates after that, then we'll run up.
So, yeah.
Typically, after the halving, the price does dump.
It's kind of like buy the rumor, sell the news.
And a lot of people are going to start a narrative that the four-year cycle isn't real, that there's no way Bitcoin can go up during a recession.
But typically, after that capitulation, we tend to go up.
And that's when we're going to start our bull run, probably sometime in May, the second half of 2024, in my opinion.
So, and then, you know, people, there might be cuts, cut rates sometime in July, rate cuts and interest rates.
And then, possibly, you know, the election starts and maybe polls start coming out that there's going to be a changing of the president.
And people are going to start being forward-thinking and start speculating that, you know, Trump's going to fire Gensler.
And there's no way he sticks around.
So, just the speculation of president's changings and, like, people that are now going to be ahead in office that might be more crypto-friendly might just, like, this space is so forward-thinking.
People might start speculating that soon.
And, you know, if polls start coming out that Trump's up by, like, 50 points or some shit, or maybe Ron DeSantis is in the lead, people will start, maybe the market starts pumping even before the results of the election come out.
So, it's going to be crazy.
This year's going to be crazy.
Next year's going to be crazy.
And I think you, if you stuck around this long, I think you have to, you know, do yourself a favor and stick around at least until next year's heavy.
Like, I would hate for everybody to leave and capitulate right now, and then this was, like, the end, or this was the capitulating moment, and you kind of missed out on generational wealth because you gave up, like, a few months before all of it started popping off.
So, do yourself a favor and battle the hatches down and stick around.
I think it'll be worth it for you, personally.
Ding!
So, what do y'all think about Salon?
I mean, I throw you off, bro.
Was he going on to another topic?
No, I mean, I really, I mean, really, I don't really have, you know, topics picked out or a plan.
If people want to continue a conversation or have a topic, I'm more than free to branch off.
Like, if the conversation gets stagnant, there's not a lot of responses, then I'll move on to something else.
But if you have something you want to bring out, feel free to talk about it, please.
Go ahead, man.
Oh, yeah.
I was just going to ask, what do you guys think about Salon?
Like, what are you, are you looking at packing your bags there or what?
Because, and I ask because I'm just looking at Salon as far as, you know, VC funding and mass adoption because of the phone.
Like, the phone is actually dope.
I don't know how dope it's going to be.
And I don't have it.
I've just been seeing people use it on YouTube and things like that.
But I don't know how dope it's going to be once people, you know, more people start using it.
You know how networks go, shit starts slowing down or whatnot.
But it's just the ease of being able to understand it and use it, I think is going to be, you know, a good change.
I can't find my fucking words right now.
No, bro, I think, like, it's an eighth-ranked coin, so just think that it's going somewhere after all of the shit that it's gone through.
I think it's actually been pretty battle-tested and sold off the most probably in the past six months.
And it's still the eighth-ranked coin.
You got Visa integration.
You got TVL spiking.
You have DeFi actually taking off on Solana.
So that's bullish.
That's something that hasn't happened because a lot of people don't have trust in the chain to stay active.
So people are now locking their money into Solana to get yields is bullish.
You have gaming.
So, I mean, people call, make fun of it all the time.
That's fine.
Like, it's fine.
But there is a community there, and this has a use case.
And there's not a lot of fucking protocols and a lot of cryptocurrencies that actually have anything going on.
It's a lot of vaporware.
Solana has stuff that's going on.
And a lot of people have predicted it's kind of the – it's like a cycle.
And they're calling it last year's – our last bull cycle is Ethereum, where Ethereum was sitting around, you know, topped out around $250 and went all the way up to $4,000.
People are saying Solana.
Now, at $20, last cycle was around $250.
The next bull cycle, you're possibly going to see over $1,000 Solana.
I don't know if that's true, but if you are trying to make a return in investment and more ROI, I think that you're probably going to get more out of buying more Solana than ETH right here.
But that's just like, you know, what do you expect out of Solana?
A 6, a 7, 10X.
ETH, probably like a 5 to 6X.
Bitcoin, maybe a 4 to 5X.
I don't know.
Like, maybe they go higher.
But if you're trying to get the most out of putting in, like, I think Solana, and then you go down the chart, right?
Like, maybe a more speculative coin.
Like, I know Manny's been really bullish on MTE, Mixed to Earn.
Like, that's only a $7 million market cap.
If you believe that's the next, like, tornado cash, like Manny said, it gets the $409 million, or maybe it was billion dollars.
I don't know.
But, like, maybe you put all your money in that.
So, like, during the last bull cycle, bear cycle, I think the best gainer was Polygon, right?
Like, Polygon was trading under a cent during the whole bear.
A lot of people just did their research and said, okay, this is going to be huge.
This is what Ethereum needs.
It needs a side chain, especially, you know, like, especially if it gets a lot more action.
And people that put all their money in the Polygon and it went to, like, a dollar or two, those are people that made the most money.
So, if you are looking to make generational wealth, you need to do your research and find the next up-and-coming thing.
And I think layer twos, I think it's, like, last year, our last bull cycle, I felt like it was layer ones and layer twos.
Right.
So, I think maybe layer twos might be generational wealth.
What's up?
I'm saying generational wealth.
All these people are still here because they didn't make enough money the last generation.
You know?
Well, they're learning.
You know, a lot of people learn.
You know, they don't take profit.
And I think this time they're not going to make the same mistake.
So, I mean, if you are trying to make a lot of money, I wouldn't be – I wouldn't put all my eggs into the top 10 coins.
I would go lower and lower on the risk curve and do research on what you think might be the most – like, the up-and-coming thing in the next bull run.
Maybe it's Web3 gaming coins.
Yeah.
Yeah, I was about to say the gaming coins.
Like, Mythos is going hard, bro.
Mythos has been slowly and that more and more now with Counter-Strike having that as the marketplace to trade.
And then you're starting to get NFL rivals and Nitro Nation, more and more active users.
So, I can definitely see Mythos having a polygon or slash like a gala-style run.
Go ahead, Uncle.
Yeah, I've actually used Drift before.
I was – I like derivatives.
For some reason, I just like derivatives.
So, I look at all the L2 chains just to figure out and try to test them out.
That's just something I'm interested in because I've always been into, like, DeFi since, like, they tried to make it a thing in 2017.
And Drift is not bad, honestly.
They're – everything about it, their interface, their UX, their funding rates aren't even, like, fake.
And to be honest, the transaction fees are basically free.
So, it's like a decentralized exchange.
You're not paying to trade.
It's pretty much – you're paying fees, but you're not paying, like, an L2 or an L1 fee, basically, because Solana is so cheap.
I don't know so much about Solana's security because I know Ethereum has, like, supposedly the best security, and that's how the L2s work off of.
But besides for that, it's pretty good, the Drift and the Solana DeFi protocols.
Yeah, I just pinned it up top for you guys.
It's basically Solana bait, derivative decks, Drift protocol, TBL breaches all-time high.
So, that's bullish for the chain, man.
People are locking up and not scared.
And they're like, oh, let it roll.
So, I think I was the biggest fuzz.
Like, you know, the chain goes down.
I'm someone that has a lot of liquidity stake, you know, earning a passive income.
If I can't pull my fucking – my shit off this chain and it's down, like, I'm just going to go to ETH and find, you know, Time Wonderland or, like, a rebase.
So, you saw those pop up.
And now Solana seems – I've heard stories that it's actually more decentralized than actually Ethereum right now.
I think a lot of Ethereum nodes are, like, centralized on a few nodes.
And I've actually seen reports that actually Solana is more decentralized than ETH right now.
Yeah, because they start using the phones as validators as well.
And if they do that, then that's a complete game changer.
Because now you've got literal walking nodes in hundreds of them, right?
So, yeah, that's definitely how they incorporate the phone into that is going to make a big difference.
Go ahead, Uncle.
And then I actually have something that has to do with phones and blockchain.
So, I'll pin that up while you go.
Wait.
Don't they have to have, like, the history of the blockchain on their phone to become a node?
Like, it's a decentralized thing.
So, like, what?
They save all the history of Solana's transactions on their phone?
That's a lot of memory.
No, they're going to become validators.
Oh, validators.
Oh, okay.
Two different things.
That's why.
A node and a validator.
Two different things.
Fuck.
What was I going to say?
Shit.
It took me off my mind.
I don't know.
You'll remember.
We'll come back.
Maybe.
Go ahead.
I've been something up to the top.
It's actually pretty interesting.
It's called World Mobile, right?
So, they have a token and everything like that.
But they're utilizing blockchain-backed blimps, like balloons, to actually set up a decentralized network for phone, right?
Similar to how, I guess, Starlink uses satellites, right?
This is going to be basically using blimps, right, to conduct and basically act as nodes and validators for the blockchain.
So, kind of just threw a little, the article itself in TadGBT to get a breakdown.
So, it's a new wireless service, right?
It entered the U.S. market with the innovative business model.
With 2.7 billion people in the world lacking connectivity, their strategy involves selling air node cell sites that provide 4G connectivity in areas without it and compensating buyers for their contributions to the network.
Additionally, to cover broader rural areas, World Mobile plans to utilize tethered balloons stationed between 1,000 and 3,000 feet in the air.
World Mobile has acquired spectrum licenses in several United States states for areas within the states that the company plans to deploy the aerostats, the balloons.
Proof of concept, World Mobile has successfully deployed air node powered by solar cells, excuse me, in other parts of Tanzania and in Africa.
And they first launched their first aerostat, the balloon, in Mozambique.
So, the price for data is pretty steep.
It's $8.50 for one gig of data, but it's valid for 14 days and there's different plans with variable rates.
So, I don't know if this could be, in a sense, potentially cheaper.
Ultimately, it's not cheaper than Starlink now.
But is it easier to set up in terms of infrastructure and create this network effect than, you know, having the ability to have satellites either move, be positioned to where they need to be,
or that continuous launching of satellites to expand and create the big mesh network, right?
So, I don't know.
I mean, they already have proof of concept, in a sense, in Africa, and it'll just be interesting to see how they continue to expand.
Especially utilizing blockchain and these as nodes to basically transmit the cell phone signal.
I'm just more concerned.
I like Helium, right?
Like, just like Helium, but for certain.
Yeah, Helium's working with T-Mobile.
I know that they had originally started powering with them to start doing something of that nature.
So, this is, I guess, the next competitor.
I'm just more concerned about the balloons, man.
Like, people are, this is a competitive market.
What's stopping a competitor going and getting a gun and shooting these balloons down that'll fucking corrupt the whole network?
You know what I'm saying?
Like, I'm more concerned about the humans.
Like, the reason why I feel like satellites are sacred is because you don't have to deal with people trying to knock those out or fuck with those.
I'm sure you can do DOS attacks on them or whatever.
Maybe buy a fucking spaceship and go up there and knock them down yourself.
But, like, these are attached to wires, to balloons.
What's stopping a competitor going up there and fucking letting the balloon loose?
Like, there goes your whole network.
Go ahead, Doc.
Yeah, this is the first time I'm hearing about this, and I have so many questions.
I'm kind of in line with Expresso.
I'm thinking from an entrepreneurial standpoint.
Like, why would I want to invest in something like this?
The maintenance alone, like, it's helium, right?
Is it helium that's holding it up in the air?
I mean, do you have to bring it down every once in a while?
And then if you're trying to service, like, an area with an auroral area with not a lot of people,
and you also have to worry about, like, what's the quality of the people in the area
and how much, you know, how much funds they have to actually pay for these services?
I don't know.
It just seems crazy to me, but who knows?
It could be just for eyeballs, right?
Like, maybe that's not, like, are they actually going to do balloons?
I don't know.
Yeah, the balloons are areas where they can't do infrastructure, so they're more rural.
Yeah, because, like, the quality of people in those rural areas, they're probably really bored,
and there's probably a lot of space in those rural-ass areas, and they're like,
look at that big balloon.
I'm going to shoot at it every day until one of them gets it down.
You know, like, that's the problem.
If it's rural, there's too much space.
But, yeah, I thought it was interesting, similar to what helium is doing.
Helium kind of set up that network and, in a sense, managed to partner with T-Mobile for it.
These guys partnered with Spectrum, which is, in a sense, when it comes down to telecom,
probably one of the longest-running, if not the longest-running telecom brand in this side of the United States,
you know, back when it was Time Warner Cable and all that BS and then Roadrunner.
So, it is a big network that they're trying to tap into in terms of market share and just flat-out infrastructure.
But I don't know exactly if the balloons are the best way to set up nodes all over.
I mean, when it comes down to, and this is all, like, this is relatively something that's a new technology
of basically giving internet to third-world countries and rural areas.
Like, when it all comes down and this is all optimized, would you want to invest in Starlink
or something that's attached to a balloon?
I just think Starlink just takes over because it's so accessible and it's so easy.
You just fucking tap it in like a Wi-Fi button.
So, I just feel like this is fun, this is interesting, this is someone that's trying to compete,
but I just think Starlink just takes the cake when it comes to this in the future.
I don't know how you guys feel about it, but, like, a lot of people make electric cars,
but still people buy Teslas, right?
Like, there's going to be competition in this room and in this area,
but I think Elon just kind of captures the attention and captures people's trust
more than someone like Ted Turner that owns Carter and High Corner.
We'll see how it goes.
But, yeah, it's interesting.
This is pretty – I mean, if we do want cryptocurrency to take off,
we do need to get internet and bank the bankless, right?
And the only way they can access this stuff is to have internet.
So, yeah, I think this is a big – this needs to happen,
and this is a big development if we want cryptocurrency to take off worldwide, right?
So, I saw something – I don't actually know the details.
I need to do more research.
But there is something called, like, a Java card or something that these people in Africa are creating.
You basically put this on your SIM card, and you can access, like, a Bitcoin –
you can make Bitcoin transactions with a Nokia phone.
And it's always, like, a new development from this guy, this entrepreneur from Africa.
And he's at, like, a Bitcoin conference showing it off.
Basically, take this sticker off this SIM card, and you put it onto your other SIM card,
which is in your, like – I guess they have Nokia phones there.
And you can actually buy and sell and trade and use Bitcoin off, like, a third world,
like a 90s version Nokia, which is pretty cool.
So, people are trying to figure this stuff out, and ultimately what we're trying to do
is try to get these people access to a bank.
And, like, yeah, we take that for granted here.
Like, oh, banks.
Like, that's some shit.
Like, some countries don't even have that.
And I think that's why a lot of these cryptocurrencies are taking off in, like, third world countries.
I think we had an article, like, two weeks ago that the people that are the most optimistic on Bitcoin
are from, like, Africa and from these other countries that don't actually have banks.
So, if we can get internet up and running for these people, we're going to have a whole new liquidity
and a whole new user base of people that never had access to this kind of technology.
So, I think it is a –
Well, a lot of this, dude, I mean, like, being someone who's from Brazil
and kind of seeing that kind of stuff, it's, like, systematic poverty, right?
It's not the fact that – I'm not poor because I don't know how to manage my money.
I'm poor because the people that manage the world, like, my government's money sets this up that way, right?
So, the idea of having freedom of, like, self-sovereignty or, you know, I'm the one that's managing everything,
being my own bank, is definitely empowering, right, for countries.
I mean, I can definitely say for people that I've spoken to that are tired of the corrupt government being the end-all, be-all
to why we're in the situation we're in, you know?
So, it's a little bit of a blend of both.
But go ahead, Uncle.
No, I think that's how they transact in Nigeria and – what is it called, the Central America one?
Crap, I forgot.
El Salvador.
So, like, yeah, they – I don't know what technology, maybe not the exact same,
but they just, like, do it with their cell phone and their phone numbers,
and they have, like, more of a simpler way at –
El Salvador uses Lightning Network.
Yeah, so then they can use their phone number with Lightning Network.
I think it's Nigeria that uses the Nokia, but it's very interesting how people are making it usable
for the everyday common man that can't, you know, buy a $1,000 smartphone or whatever.
So, it's a positive thing, just like how you guys were shitting on the blimp.
Sure, it probably sucks, but it's a poor man's star.
Like, everyone needs something to work for them.
It may not be the best, but it still works, and it still gets the job done,
and it's still advancing their lives, you know?
We can't see what everyone else is doing.
We're an America, first world country – well, most of us –
and some people don't have that luxury.
You've had something about VFriends?
Yeah, it looks like he's trying to go – I mean, we know he's been doing this.
He's been trying to go his IP route, making those as, like, Power Ranger or Teletubby characters
or something that people are familiar with, and, you know, they did the – what was it?
Toys R Us toys, and now he's making, like, literal – it looks like bare brick-type items
or Q-brick-type items.
I don't think they're going to be blind, but it looks like he's trying to, you know,
fill out the collection, have all different types of items from plushies to little, you know,
action figures to – I think he may even have a – yeah, he has his own, like, board game.
There's a lot he's trying to go, and it's funny how people don't talk about his IP route
because I think his is kind of very promising because he has the business ethic and background.
He knows the people.
He – people know who he is.
Like, that just gives you one foot in the door.
So I think it could be very promising to be friends.
I'm not even talking about it on the NFT side.
I'm just talking about the IP play because it looks like there's a few, you know,
collections that are trying to go through the IP route where it's trying to make it, like,
a TV show or a comic book or, like, an everyday Pokemon character.
And I see this as one of the winners, to be honest, because he knows so many people,
and he has a lot of backing, and he's just one of those guys that doesn't stop, you know.
You'll just see him at a garage sale trying to make six bucks on a mug.
Yeah, that is – he does have tenacity.
I pinned it up – oh, hold up.
So I pinned something else up to the top.
Someone else that's going down that exact same route, Cool Cats.
But 100% down that route, and then they got a little blend of the Gary Vee and the Pudgy Penguins.
So, Cool Cats team, we're also cooking up some exciting physical to digital activations,
starting with claim codes in our Macy's merchandise.
These codes unlock new, limited-edition wearables.
Even if you don't own a cat or a wolf, you'll join the Cool Cats ecosystem as an explorer when redeeming.
While everyone is welcome, we wouldn't be here without our OG believers.
We took a snapshot at 3 p.m. October 16th of all Cool Cat holders.
These individuals may claim free, tradable assets, including shoes and shirts, to complete their first fits.
So, if you've always wanted to be in the Cool Cats metaverse, man, you have a chance to do so while you see your Cool Cat at the Macy's Parade.
You do. You do.
You'll be watching that Macy's Parade on your couch.
Bro, I got the milk jug.
I need them to retroactively give me my milk jug because I already have plushies.
And, you know, like, I got the OGs.
What happened to my OG plushies?
Do I get traits?
Nope.
Doesn't this sound like the Pudgy Penguins originally?
This is.
That's exactly what I'm saying.
This is 100%, like, to the T, copy of the Pudgy Penguin shit.
But, I mean, everyone else is going to probably do the same thing.
I mean, Gary's slipping by not adding traits.
I mean, all he has to do is print out a piece of, like, cardboard and, you know, put some crazy numbers on there and allow people to, you know, access traits.
You can already play the BeFriends game online.
Now do it like a, maybe do it like Pokemon Online to where every pack you rip, you actually get those cards and you can only play with those cards.
Maybe that's how it is.
I don't know.
But that's similar to how Pokemon Online is.
Go ahead, Uncle.
Yeah, I think more along the lines why they're going with this route and how they're attacking this route is people just love these partnership names.
Like, it's like a hotbed of words.
Macy's.
Oh, Macy's.
All right.
Maybe it'll be something.
Like, when he did Walmart, Luca, it's like, Walmart.
Okay, Walmart.
These are big players.
When people bring in these big players, they get so excited.
When Gutter Braun and Puma, when Nike did Artifact,
people just get so excited when these Web2 brands get involved.
It doesn't always mean it's going to go to the moon or even what they're trying to set out to do on the side project means it's going to go and be positive.
Because, dude, when Puma did a shoot with Gutter, which is groundbreaking to honestly do.
It's kind of hard to do.
They did with Gutter.
They did with Puma and Mellow.
They didn't even sell out a third of it.
So, like, do people even want half of these activations?
That's what I'm kind of thinking.
Old playbook.
This is a copycat league.
Like I was saying, you see success.
Everybody copied the Yuga playbook and are still in 2021 where announcements of Gutter Cat Gain with Puma or Macy Day Parade or Doodles with Crocs pumped the floor price.
Like, that would have pumped the floor price in 2021.
But we're not in that market anymore.
People don't give a fuck about that shit.
And that's where we're at.
And, like, yeah, of course, everybody copied Basie from 2021 to 2022.
And now Luca's the new kid in town now.
Everybody that has an IP brand is just going to copy what Luca's doing.
The past two examples, I just kept referencing, like, this sounds a lot like what Pudgies is doing.
So, that just seems like what everybody's going to start doing now.
Collectibles, plushies, whatever, man.
So, yeah, we're going to see a lot more of this because it's successful and no one has any original ideas.
So, that's what we're going to get.
I mean, there's only so much you can fucking do.
Like, what are you going to fucking do?
Give up fucking and print another NFT collection?
Give out a coin?
Like, no.
Like, you're going to fucking try to deliver some stuff, some collectibles and try to seed your brand or seed your IP long term.
That isn't going to affect the NFT collection.
And that's one way you can dilute, dilute, dilute.
And actually, it's positive because ultimately what you're doing is you're getting your IP in front of more and more eyes.
And no one really cares if your plushie goes from $12 to $6.
A lot more people care about their NFT going from fucking $4,000 to $1,000.
And that typically happens when you start diluting the IP with more NFTs and more free money, what people want, which you can't do in this market, man.
So, yeah, it sucks.
But, I mean, Chief, you love cool cats.
So, I would imagine that you're going to watch the Macy Days, right?
But we had an update from Sugartown.
Repost your thing because I took out – well, the Sugartown post was the old one that you posted.
Yeah, I'll just run through it.
Just run – yeah, it's not that big of a news.
We're not going to have a big discussion on it.
Yeah, Sugartown, they're revealing their auras tomorrow, Thursday.
So, if you do have a Sugartown, you're going to get a PFP tomorrow, and we'll see how it reacts.
And then we had an update from X yesterday about a new subscription plan for – I guess it's a test pilot.
I guess you took it down.
I'll pin it back up.
So, basically announces that starting today, X is testing a new program, not a bot, in New Zealand and Philippines.
New, unverified accounts will be required to sign up for an annual $1 subscription to be able to post and react with posts.
I'm interested in how can they interact, what's the interaction look like.
And I don't know about you guys, but fucking numbers are coming out crazy lately.
I have, like, retweets on these posts, and I go to every single one of these retweets,
and in the link of their bio is a delegate.cash link.
Do you guys know what delegate.cash is?
Like, I have no fucking clue what this is, but these people are fucking retweeting the shit out of my posts,
and probably a lot of other people's posts.
Do you guys – anybody know what delegate.cash is?
Delegate.cash is, like, the equivalent of warm wallet, but better version, I guess.
They have, like, a – they have, like, a – here.
I think Fubar is behind it.
Like, they're goaded, man.
Delegate is, like – it's being used more than warm.
Like, with –
A lot of these posts – like, I have this post from Uniswap Labs,
and I go and I see the – I have 13 reposts.
The first one – no, not delegate.
Dbank.com.
Dbank is the name, not delegate.
So it's Dbank, and I go to the next one down.
Dbank.
Next one down.
Yeah, I don't know what the fuck that is, bro.
So you go to dbank.com slash profile.
It is, like, a place where you connect your wallet,
and that basically tells you how, like, this person, Perika E,
has $15,000 in their wallet.
So I guess instead of likes and followers,
you're basically ranked by how much money you have in your wallet
that's connected to this Dbank app.
But these motherfuckers have less than 100 followers,
but every single one they're reposting – I don't know if they're getting
incentivized to retweet, but every single person that's retweeting my post
is from Dbank.
And I don't know if that's something that, like, these people have –
like, Dbank used to be Twitter.
Maybe in New Zealand or the Philippines, and now they have access for $1
because they said they're testing it.
Maybe these motherfuckers are now coming over to Twitter,
and, like, this is how they can engage with, like, reposting and shit.
I don't know, but, like, numbers have been really weird lately.
Like, really fucking weird.
And it's – everybody off this Dbank app is coming over here
and fucking spamming the fuck out of shit.
So I don't know if anybody knows anything about Dbank.
Maybe I need to do a little more research.
But when I saw this announcement from Twitter, I was wondering if, like –
because they said not a bot, and all I see of what this is is a bot.
So I wonder if this is these people in these countries actually getting access
to this platform for the first time.
And their platform of choice was Dbanked in the past,
and now they're just kind of coming on here on Twitter
and kind of retweeting a lot of posts that they would talk about
on their crypto native app.
So real quick, five-minute warning if you have a first-come, first-served whitelist
for Wallet Wars.
Five-minute warning or four-minute warning.
Four-minute warning for Wallet Wars.
Didn't we have someone in here yesterday saying you need three of these fuckers?
Yeah.
I remember.
Brad told me.
Brad told you?
Okay.
I was going to say you probably just tweeted the wrong thing.
Like, you know, like how if you write, like, MetaMask support,
you get boted to Valhalla.
No, that's every – like, this isn't – that's just one example, bro.
Like, anytime I post these articles and it's crypto-related,
I'll get one like, but I'll get 26 retweets or reposts,
and they're all from D-Banked.
Bro, that's free advertising.
Why are you complaining?
I'm not advertising.
I'm just wondering if this is – are these the people that –
No, I think they're bots, bro.
Like, if it happens instantly, it's bots.
Like, I still get this thing called, like, Cointelegraph.
Like, I don't know why, but anything I post, like,
that's the only person who ever likes it.
Like, I get zero engagement, but Cointelegraph, like, likes my shit.
How would you like – how would you like, Ash,
if Twitter integrated – the wallet you connected to your NFT
also puts how much money you have in your wallet also
and posted it live next to your following on Twitter?
That would be fucked.
Like, I would make sure –
No one would fucking listen to you
because you have four cents in your wallet.
Like, that's what would happen.
No, I think actually people would listen to me more.
But that would also mean that I have to, like,
make sure that I'm not ducks anymore
because, yeah, that's going to be problematic.
How do you even go from ducks to unducks?
Is that even possible?
Nope.
Double, what's up?
Hey, real quick.
It says directly from Wallet Wars,
Guaranteed Mint has been paused to allow for extended time
due to mint issues before.
We will confirm extended period shortly.
Please stand by.
So that's going on right now.
Damn, have you seen Dabble put his hand up before?
Ash, I didn't see you put yours up.
Fuck.
Go ahead, Double.
Come on.
I always follow the rules.
Hold up, Double.
Congratulations on your first winning trade, bro.
You're up a whole .01 on every single one of your blockchain dice.
And I know you bought 10 of them.
So that's a solid $100, bro.
Now I just have to sell it before it goes to zero.
So let's figure it out.
That's never been the issue of him buying to make a profit.
It's always been the issue of him selling at the top.
But I'm going for this, I'm going for the token for him.
I need as many blocked tokens as I can get
because it's going to be useful in user acquisition in the future.
Is this the next ZTS, you think?
Or is this the next game that has a token attached that pops off?
Like we've seen a lot of these, like from Big Time, ZTS, or ZTX.
Do we think that block to block token after it's rolled out,
do you think it pumps just like all these other games that's pumped recently?
I hope so.
I'm thinking yes.
And if anyone has been following me from the beginning,
they know that this is my thesis from the start.
All right.
This is what I got my name Double Bad Take from, from the beginning.
All right.
And it's all coming true.
So people are going to realize what I've been talking about the whole time.
It's going to blow up.
All right.
So let's see.
I don't know if it's going to be block games or whatever,
but this concept is going to work in Web 3 better than like the AAA.
I want to make Mario Kart 3DX or whatever.
Call of Duty Part 5, the whole metaverse crap.
Like, I don't think that's where we're going.
I think people in Web 3 just want to gamble, play.
And if they're going to play any game, it's going to be a simple-ass game.
They just want to play it, get out, get the top score,
and hit the rewards and move on.
And I think that this type of game is going to fit the market better.
Didn't you say you know the people behind this project?
These motherfuckers got money to pump a coin.
I mean, the thing is, they're legit.
I don't expect them to – they probably can't outperform, like, scammers, right?
So – or, like, people who are just going to come and market it to death
and do giveaways and stuff.
Like, they're going to build the actual good product.
So I'm thinking long-term.
I think in the short term, a lot of these other ones will probably win, right?
Because they just know how to, you know, do the collabs and the marketing
and the giveaways so that they build the hype up.
And they'll probably have a better quick flip.
But I think these guys are going to be, in the long term,
actually building the product that works.
That's what I'm betting on.
I'm not betting on the short flip, and I never do.
So we'll see.
Yeah, that doesn't end well.
Why would you hold anything in this market, baby?
You're exposing yourself to people.
People let us down.
Well, you know what I just bought, too?
I bought the Dunk Genesis from Artifact, right?
So, like, I'm starting to see where you can buy stuff,
where it actually – the utility actually works, right?
So, like, I can – I buy this Genesis Dunk.
Now I can buy five real pairs of the Nike shoe that I kind of like the design of,
right?
And then we'll see what happens after that.
But, you know, if we're just talking, like, flipping and trading,
that's not my thing.
So don't take what I'm doing as far as, like, a quick flip.
Oh, we don't.
I know.
You probably do the opposite.
But I'm saying this one might be a good one.
I don't know.
All right.
Well, I'm going to trust you.
I still – I have to.
But hold on.
The cool thing about Block that I read is that publishers will need to use Block tokens
to do UA on their platform, right?
So they're building out games that are going to have a user base.
And then if you want to publish your game on their network, you have to pay with the Block token.
And then they'll send you users, basically.
That's what I – the basics of it.
So it's basically incentivized to hold Block so you can get people to play your games, I guess?
Yeah.
So think of it like a launch pad, but also like an advertisement, right?
So if I have a game and I say, hey, look, I have, like, a million Block tokens.
Just send me all the users you can.
And I pay for it.
And then they send me the users to my game, right?
So it's like a marketing –
Oh, yeah.
Audius did that.
That's like a decentralized music platform.
If you staked your Audius token and you had more Audius token, you got bumped up the chart
and got more visibility on the platform.
You own more Audius and you staked it.
So this is kind of similar where it's sort of like pay to play or pay to get exposure, right?
Where if you have more of these tokens and you get more user acquisition
and it kind of like a flywheel or a Ponzi scheme.
Right.
I mean, and that's how mobile gaming works, right?
Like, at this point, all mobile games have to pay for some kind of user acquisition,
whether it's Facebook or any of these channels, right?
There's hardly any organic traffic at all, right?
So you have to pay to play and they just pay – the idea is you pay, like, less than the user's worth on your game.
That's basically it.
So you want to spend a dollar and you want to make $2, basically.
So if you can figure that out, it works.
If you can't figure that out, then you suck and you die.
So that's basically the whole model, right?
And that actually broke.
So it's broken now.
So now someone needs to fix it.
And I think blockchain kind of makes you that.
Okay.
Okay.
Captain's up here.
What's up, Captain?
Yo, GM.
I had a quick question going back to the crypto dunks.
Do we know, like, what kind of features these shoes have?
Like, I remember reading the Nike patents of, like, all these unique things that you potentially would be able to do with the shoes.
Are these the dunks where you're going to be able to, like, change the colors of the shoe based on, like, your mobile app and have interchangeable parts and stuff like that?
I think that's the one with the interlocking lace.
I think this one is, was off the, off the monolith, like, right?
So this is, this is just more of just like a regular shoe that has, like, different colorways and has, like, these different unique kind of, I don't know what you want to call them, like, material on the, I mean, you've seen them, right?
So I don't think it has any technology in it.
I actually think the technology ones are the ones that have the interlocking laces.
I forget the name of those.
Are those called the Crypto Dunks?
They're called the Crypto Kicks, I think.
Crypto Kicks.
Yeah, the Crypto Kicks.
So those are the ones that have the technology.
And I also think those Crypto Kicks are going to be somewhat integrated into the Animus, the Animus game, from my understanding.
But, like, I've heard rumors that if you have a Clone X in your wallet and you can, like, integrate or sync your wallet up with the shoes,
and if you pass by another Clone X, it vibrates, the color changes.
There's a lot of syncing up with Web3 protocols with these shoes, and I think it has something to do with, like, a Pokemon Go game,
where you might have, like, a multiplier if you have the shoes on or something.
But, yeah, we still don't know the total news or, like, the total TLDR on, like, the Crypto Kicks.
But the Crypto Dunks are just pretty basic.
Yeah, they look unique.
But I don't think there's any technology that's integrated into it, if that's what you're trying to ask, Captain.
Yeah, that was my question.
But, so, we had David Allegri come out yesterday and basically wrote, like, a fucking essay on Twitter.
Captain Double, you guys read it?
What was your thoughts?
It looked like they're, you know, it looked like he's focusing on other side.
And he's hinted at a clubhouse for you guys.
So, you guys bullish, bearish on David?
You guys thought, like, this was happening in the background, but now David said it, like,
where he's kind of saying, like, Yuga was just, like, just shooting everywhere and was not, like, had a centralized focus.
Was this something you guys kind of thought in your head when you're reading?
Like, yeah, I saw that.
Yeah, they're kind of, like, going every which direction.
What was your kind of thoughts with David in his post yesterday?
Go ahead, double.
So, Arch Captain, whoever wants to kind of give your input since you guys are the only two board apes on the fucking stage actually probably give a shit.
It's a lot of talk, man.
A lot of talk, less action.
I'm not reading all that.
But, yeah, I mean, I get it.
He seems to be saying that he's been studying the space for six months and he gets it, blah, blah, blah.
But I agree with some of the responses, which was, like, you know, you know, if you want to do communication, you know, get more active, right?
Like, show up on spaces.
Talk to people.
Get into Discord.
Like, just throwing, like, a newsletter on your Twitter isn't necessarily the type of communication that Web3 communities expect, right?
So, yeah, it sounds good in your newsletter, your corporate, like, newsletter that you're going to send out.
But, like, let's see the action take place.
And I did see he said PS Clubhouse and people got excited that he's going to be thinking of building that.
Well, since you are the founder and the leader of the Aquamarine DAO, are you bullish on a clubhouse possibly being located in Miami for a board age, like a physical, actual place?
Is that something you want or is that something that you felt like was hinted a long time ago and, like, the space has moved on from it?
Is that something that you think would be bullish for the project?
I think it would be, but you should probably ask Captain because I've never been to an A-Fest and I really don't care about that stuff.
So, yeah, I think, but I do think it's bullish for the community because a lot of people enjoy that.
But to me, it's not really a huge deal.
But, yeah, you should probably ask Captain.
I think the Miami Clubhouse would be cool.
It's kind of bridging that Web2 to Web3 and it's not just, like, one of those in-roll, it's not one of those ApeFest events that just come, like, once a year.
But going back to the State of the Union tweet that he had yesterday, I like it overall.
I think there was a lot of, I don't know, FUD, I guess, from Apes and some of the bigger influencers just, like, taking their jabs at Yugo.
I bet they put out a boring game, that they're having this disconnect between the community.
And I think that was a bit exaggerated.
It's the bear market and people were just kind of picking on whatever goes wrong in the space with any project.
But for Dan to come out, I think he saw and heard what was happening in the space and kind of just answered a lot of questions and reassured people that, like, this is our North Star.
This is where we're going.
This is a lot of the unanswered questions that people have with a lot of the different assets that we have in the Yugo ecosystem.
So, overall, I like it.
But I don't know.
It wasn't really news-breaking to me.
All right.
Not news-breaking.
But he had a lot of shit in there.
And I'll pin it up if you guys do want to read David's essay to the world.
He broke it down and put in bold letters each kind of thing he wanted to talk about.
Let's see.
He talked about Basies, Ape Strong, and Global Club.
He talked about CryptoPunks, MiBits, 10KTF, OtherSide, Gaming, Ordinals.
So, yeah.
And then he said PS, also at Clubhouse.
So, people are pretty bullish and we're pretty excited about the PS version.
But, yeah.
It was interesting and definitely a long read.
But we'll go farther into what we want to talk about today.
And a drop that's happening today, I guess.
And I didn't hear a lot of people talking about it, is McBess and Cellmates.
Yeah.
I was looking at that earlier with the tattoo flash sheets.
Yeah.
So, it's a McBess slash Cellmates.
666 unique tattoos.
Grab one.
Get a free tattoo at Berlin headquarters or any future IRL events.
So, Cellmates, your sleeves are looking bare.
Inmate, the Cellmates tattoo drop is coming the end of September.
Grab one or the end of summer.
So, this is from, like, a few months ago.
Grab one and get a free tattoo.
And, you know, like I said, McBess will even give a smooch if it's your first ever tat.
The rest of you get in line for seconds or more.
And then, they have the post from today.
666 unique tattoos.
60 tattoos per sheet.
On October 18th, we'll release Inkmates.
A series of flash tattoo sheets by McBess.
A Cellmate on Death Row gets you in.
Plus, get inked for real good and bad ideas to keep forever.
So, last week, we were talking about Tyler Hobbs and the Black Dot.
And now, we got McBess kind of going into tattoos.
Like, there's a limited edition of unique tattoos.
I don't know, Chief.
Do you see something?
Like, this is kind of a different thing that I haven't really thought about.
Like, do you think tattoos kind of launching off, like, NFT artists?
Is it something that a lot of people want?
Or is this kind of just something that people are just experimenting and this is just going to be something that we don't see as the bull market kind of goes on next year?
Like, I mean, I think it's kind of cool, personally.
I don't know.
What do you think?
You're a guy that has tattoos.
I have zero tattoos.
So, go ahead.
So, the original one that we were talking about last week, right, was the idea of paying someone to have a custom-made design as if that can't be shared.
And, in a sense, they will be shared, right, all throughout.
Now, the cool thing about this McBeth one is that the sheet that is created, so all the characters that are filled around it, are based off of the tattoos or the combination that your actual McBeth cellmate has.
So, if your cellmate has, let's just say, a bunch of, like, snakes and whatever it may be, right?
So, the flash sheet is created around the base that your guy has.
So, it's custom every single one.
Now, that's cool because it's going to do an output that's 100% generative and unique.
But the actual getting it tattooed for free, that's a cool perk.
But, once again, we're talking about a $10,000 price tag for Tyler Hobbs.
And then this, you have to own a cellmate.
Like, the pricing doesn't really match up, in my opinion.
But it's just different of getting it out there, right?
Once you have these flash sheets, anyone can get it tattooed.
You don't have to go to that shop, right?
You own the, quote-unquote, artwork.
It's just about accessibility to own the artwork.
And this, you actually have some type of input, I guess you would say, on the generative process versus the Tyler Hobbs one was 100% generative by that artist.
So, it's kind of my take on that end.
Let's go to Uncle.
Go ahead.
Yeah.
It's funny.
I'm with X on this.
I have zero tattoos.
I believe I never will.
And this is something interesting to me.
Not the fact that I would get this for myself and actually get a tattoo.
But that the artist made it.
And I know that he's a – I believe he's an original artist prior to NFTs.
And I like his style.
So, this is, like, an interesting, like – what is it called?
Fidgetal, right?
It's a fidgetal, which is, like, going to live with you forever.
And I don't see anyone doing it.
I mean, we've seen gutter cats and youths do tattoos of their symbol icon brand at their parties.
But this is, like, your own unique one that people will know because it will have that digital collection connected to it.
So, I think it's really cool and interesting.
And if I had – if I ever was going to get a tattoo or anything of that sort, this would be on my radar because his art is pretty cool.
It's, like, old school yet, like, gritty at the same time.
So, it's – I think it's a positive thing.
I like it.
Look, if you don't have any ink, bro, please just watch other people's go on OpenSea and then just go pick one you want and take it to someone.
Don't go this route.
You do not have to pay this much money.
You're better off paying that much money into an artist and having your artist actually get down with the artwork than going and cashing out for the art.
And then having someone who can't lay ink with that art.
That's the biggest disconnect here is that traditionally in tattooing, the art itself, yes, it's the creation of the assets.
But it's more so – it's a hybrid, right?
And it's more so, I would even say, about 60% to 70% of how they lay ink and how they maneuver skin and actually shading on the actual tattoo rather than just on digital, on print, on traditional canvas, whatever it may be.
Go ahead, though.
Who's giving these tattoos, though?
Is it just some random person?
Is he giving it?
Or is he – like, how is he commissioning these artworks?
Because I don't think he's a tattoo artist, but if he's doing it, then that's the artist, and he probably knows how to do shading and all these layerings.
It says at the Berlin headquarters.
That's probably not –
Or any –
He is a tattoo artist.
Right.
So maybe it's him, or maybe it's one of his apprentices.
If it's one of those people, it's his, like, you know, family, whatever you want to call it, their shop, you know, they must be – they must be on some type of par.
No, no, no.
I agree.
If it's direct – that's what I'm saying is the connect.
If it's him directly and it's part of the laying the ink process, I think it's good.
Like, the Tyler Hobbs one where you're paying for the art, and then it's a robot laying the ink or something like that, you know, that's what I think is a little bit different, right?
Like, people literally go to specific people for how they handle skin and ink and that.
Damn, Vader.
Go ahead, Bella.
First off, hi, guys.
Miss all of you.
So on the tattoo topic, so for me personally, I was bored one time on vacation, decided to get a tattoo, one of my many,
and it's the most horrible thing ever because the tattoo artist sucked ass.
So definitely your artist means the absolute most.
With that, I know that there is an NFT project.
There was a documentary done on it, but there's a tattoo artist, I think, based out of Mexico,
and he has a lot of, like, sugar skull kind of work.
He did an NFT project where the only way to book with him, and he's a well-known artist,
is to have his NFT, and that becomes the pass into how you get to him and his appointments.
That was an amazing use case of NFTs, tattoos, and how you can kind of collide the two worlds.
And if I knew the project name, I would totally share it, but it was, like, a documentary that I watched a year ago.
It was Carly Riley, and it was in Puerto Rico.
Sorry to cut you off.
Love you.
Yeah, no, don't cut me off of that any time.
But, yeah, so that's it.
Like, there is really good use cases for it, but if it's not, if the artist, everything Chief said,
your artist means the most thing.
Like, the design is nothing.
So, that's all.
No, I 100% agree, because that's the thing.
The design can just be copied after you get it.
So, I mean, any, you know, the minute you post it up, someone's just going to grab it,
take it to their guy, and get it done.
What really makes a difference is how it transfers from the design onto your actual body.
Yep.
Boom.
All right, so I had one more thing to post up.
I don't know if we have Omi in the crowd, if he wants to come up and talk a little bit
about the Oniforce thing that happened, about their Fortnite map.
So, let's see if Omi wants to slide up here.
If not, we'll just kind of break it down.
So, as we all know, Oniforce has had a Fortnite map for the longest time.
Um, they actually came out now and just did a little brief breakdown on how and what the
point of these maps are.
And so, for one, they said that being one of the first Web3 slash NFT projects to go out
there and get their IP on Fortnite, you know, for one, is a big thing.
There's 230 million active users on Fortnite.
Um, they're bringing in elements from their KOLs, right?
So, they're key opinion leaders.
So, they have, uh, Juju Smith Schutzer, Smith Schutzer, um, and his...
Juju Smith Schutzer.
There you go.
And him and all his anime friends.
So, they're incorporating his Oniforce into the actual Fortnite maps.
Uh, one of the reasons that they're also going to continue making these maps is that they
said that they are receiving financial incentive from Fortnite.
So, a brand new revenue source to continue building these maps out for regular users to
play Fortnite on.
Almost like the Halo 3 Forge back in the day when people would make zombies or just different
style gameplay maps.
Uh, well, we're seeing it now utilizing Web3 IP, uh, which is the only...
They are going to be utilizing the maps that they create as part of lore and storytelling
as well.
So, continuously developing their IP now with the maps.
And so, other users who have absolutely no idea about Web3 can come in and participate.
And then they are doing a community playtest scheduled for the 27th of this month at 7pm
PST.
So, if you are in Oniforce, if you want to see exactly what these maps are about, if you
want to participate or just see how much volume they're going to get with people coming on,
uh, I guess that's one of the beauties, right?
You don't have to build the infrastructure to support all the new people since you're using
Fortnite.
So, they kind of circumvent that barrier that other side has actually done really well.
But, yeah.
27th of this month, 7pm PST.
That's...
I was reading, uh, NFT Boy's, uh, thread from Amsterdam.
He went to the Bitcoin conference.
And I was surprised to see Oniforce there.
Uh, I guess, you know, they did have their little ordinal, uh, thing that they did during
the kind of, uh, the hype back in May.
But it seems like Oniforce is pretty committed on the things that they've laid out in their
roadmap.
And Star Lordy has done a good job of kind of orchestrating this and getting people at
these conferences to, like, broadcast their ideas.
So, I mean, Oniforce...
I never thought of...
A lot of nails, too.
Go ahead.
...sitting there and just creating maps.
And basically getting, you know, partial revenue from regular normies playing your map just
to do Fortnite games.
They don't even...
I mean, it's not going to convert back to the NFT value going up.
But it's like me, you, Double, and Ash hop on.
And we're like, hey, you know, pick a random map.
And you just pick the Oniforce map.
And now they get, let's just say, 10 cents.
Because we're playing on that map.
And then they get an extra 10 cents every hour we're on that map.
Right?
We have no idea what the fuck Oniforce is or what we're even doing.
We don't even care.
Right?
We're just sitting there playing Fortnite.
But they're getting paid on the background because we're utilizing their map.
So, stuff like that to where it's now a new revenue source, I think is definitely key.
And it doesn't, you know, you're not flashing the fact that, hey, I'm an NFT.
Hey, I'm this.
I'm Web3.
I mean, it's just, you're making money, minding your own business.
So, I think that's definitely dope.
And they're pretty under, I mean, from everything that got going on from the whales that are in
the project, I think Oniforce is one of those projects that got a lot of hype during the
acquisition and kind of leveled out back to, like, 0.7-ish.
Definitely think, you know, once they start delivering and they start, like, rolling out
what they're doing, I think this is, dude, that could, we could see, like, a run above
two ETH for sure.
Like, the IP is great.
Got some good backing.
Got the right founders in place.
They're doing stuff on multiple chains.
I don't know.
It's kind of just seems like a pretty good project that you can invest in during this
bear market.
And maybe one of those projects during the bull will actually go up drastically because
they got a lot going on.
But, yeah, pretty impressed with the whole Oniforce team.
I had this in my, sorry, I'm a little winded.
I had this in my drafts last week.
I forgot to get into it.
But it's pretty interesting.
So, Accur Hotels dives into the NFT space.
Redeem 15,000 hotel points for exclusive street art NFT experiences.
So, Accur Hotels is venturing into the NFT arena by offering a unique NFT experience as
part of its Limitless Experience Program.
Customers can redeem 15,000 hotel points for an NFT dive to the Legacy Party at the Moller
Paris Hotel known for its street art.
The NFT includes digital artwork by renowned artists Ardoz, Marco93, and Nasty, inspired by
cabins soon to be demolished.
This demonstrates how NFTs can preserve art that might otherwise be lost.
Other fans have a chance to own a piece of the art.
So, apparently this hotel has crazy street art in it and the hotel painted on the walls
and it's being demolished.
So, what they're doing is they're taking that art and putting it as NFT and you're going
to be able to redeem it with your points from this hotel, which is like when I first got
into the space and learned about NFTs, it was through a Banksy piece.
I think these guys purchased a physical Banksy piece, created an NFT on it, and then burned
the Banksy piece.
And now that's the only art piece that now lives is on the blockchain.
So, you might see this in the future with maybe, I know that commercial real estate and that
kind of stuff is going under.
Maybe there are some artworks and stuff and maybe another real estate property wants to
demolish the property and there might be artwork on these walls.
It would be a good thing to possibly get NFTs and have this artwork live on chain forever
and not be demolished in the rubble.
So, I thought it was a pretty cool idea and something I would imagine to be more and more
popular as the years go on.
Because, you know, I don't know if there's even an arbitrage here.
Maybe this artwork is worth thousands of thousands of dollars and these people have these useless
points and they purchase something basically free for using the hotel and this NFT could
possibly like pay for your hotel for the next year or something.
So, I don't know exactly how much the artwork goes for these artists, but it could be their
very first piece on chain.
But it's pretty cool the fact that people are trying to preserve this through blockchain.
I saw something that was, in a sense, similar to what you explained about preservation, but
it was with the digital space that's over basically the physical space, right?
I mean, in a sense, if we have this idea that we're going towards AR, VR, right?
And you own, right, the Mona Lisa, right?
The Mona Lisa owns that spot inside the Louvre, right?
It never moves.
But what about the virtual space that's, in a sense, going to be laid over the Mona Lisa,
right?
There is no IP licensing.
There is no any kind of trademark or copyright or anything for that virtual space.
And so, I could definitely see, in a sense, that overlay, right?
People start graffiting in the virtual world or start taking ownership of historically memorable
spots that do get destroyed, but also have dual meaning or dual lives on this whole metaverse
aspect.
I mean, if that's the route we're going, AR, VR, and you're going to be able to see
a blend, it only makes sense that if there's a digital overlay for everything you're seeing
now, then there'll be a digital overlay for everything, right?
From digital art to the Mona Lisa to whatever, the Eiffel Tower.
So, I was seeing that, and I've seen a lot of artists start doing graffiti and start claiming
like geopoints in the VR world.
So, yeah, I think the only thing I have a problem with that is there's no scarcity in
the land of a metaverse because, like, just say Meta has an overlay of the Mona Lisa and
then there's another company has another overlay.
So, like, there's not, like, the scarcity that there is in real world with property in the
metaverse.
Like, there's thousands and thousands of metaverse that are going to be created that offer a
different overlay with each metaverse you go on.
So, I don't know how...
I don't think that's actually reality, though.
I mean, in a sense, if we think it'll go ready player one route, there's only one end for
structure.
There's a million worlds, but there's only one highway system.
And if the world is the highway system, you cannot expand past that, right?
You can only just build on top and do, I guess, layers on top of it.
It'll just be cool to where you can see each shit.
And then even if someone does another layer, imagine having the ability to walk up with
AR and, like, see all those layers, though.
You walk up to the Mona Lisa and you look and you see the meta layer and you see someone
that did an art piece on top of remix the Mona Lisa on the meta layer.
And then the meta layer is taken up.
And then you walk up with the Google Lens layer.
And then you see someone remix the remix, right?
Because now they have it as stacked.
So, I think that that could actually be cool, even if you can see all the in-depth multiple
layers of it.
Yeah, it's going to be interesting to see how this all develops in the next 20 to 30 years.
Like, digital real estate and, like, the value of stuff in certain locations.
And something up here.
What is it, Chief?
Stablecoins go live on Bitcoin?
Yeah, so this is pretty cool.
It just happened right now.
Stablecoins can now live on Bitcoin with the mainnet launch of Lightning Labs Taproot assets.
So, we know that the Taproot protocol is basically what Ordinal's protocol was also built on top
and that everyone is utilizing the Taproot basic protocol.
And now it's been officiated and you can now have all those new pairings that they're doing
on Bitcoin.
So, yeah, bro.
This is the year of Bitcoin, which is awesome.
Because it has not slowed down with development and just infrastructure rolling out.
Stablecoins have definitely been needed on Bitcoin for a while.
So, this is on Lightning.
So, this isn't, like, something that I can...
What was the biggest issue with Ordinal's?
There was no DEX for Ordinal's and stuff like that, right?
But this is on Lightning Network.
So, it's not actually on...
Is it on top of Bitcoin?
No, no, no.
No, this isn't on Lightning.
Oh, is it?
No, this is Lightning Labs.
Oh, that's right.
Lightning Labs.
Yeah, this is Lightning Labs.
This is on top of Bitcoin.
This is just...
Basically, Ordinal protocol was built on top of Taproot.
Gotcha.
Is that...
Yeah.
So, now that Taproot got officiated and now that they're being recognized, you can now
go deeper just recognizing Taproot.
And then the next step is to recognize Ordinals.
Like, you're zooming in with the microscope, if that makes sense.
You know?
So, now we got Taproot can be seen and deciphered.
Now we can zoom in even further and get to the Ordinal layer.
Yeah, this is definitely needed for the space.
And I think that's one of the biggest things that people were bitching about was like, oh,
there's no stable coin in Bitcoin.
So, this is huge, huge, huge news for Bitcoin.
We've been talking about TRWs, our RWAs.
I guess that's more...
You know, we had Arcade as our sponsor last week.
And there's some research coming out on people basically estimating how big this real-world
asset market's going to move in the future.
So, tokenized real-world assets could reach $10 trillion market cap value by 2030 by a 21.co
report.
Digital asset management firm 21.co predicts that the market for tokenized assets could
grow to a volume between $3.5 trillion bear case and $10 trillion bull case by 2030.
This growth is attributed to the convergence of crypto and traditional financial institutions
leading to the tokenization of various asset classes such as fiat currencies, equities, government
bonds, real estate.
The report highlights that digital dollars, stable coins, peg to USD, constitute 97% of
all tokenized assets, marking successful tokenized inflammation despite this potential growth.
Regulatory hurdles and lack of standardization process pose challenges to widespread accessibility
for tokenized real-world assets.
And then they have a little thing here for tokenized market sizing by 2030.
And their basically bull case is that it looks like non-financial corporate and quasi-sovereign
debt.
It's going to be about $2 trillion.
You have real estate funds looking around $4 to $5.
And so, it has a little chart here of where they think this market's going to go.
And they're basically predicting $10 trillion asset class by 2030.
So, it's pretty crazy.
So, I don't know where the market is right now, how big the asset class is right now,
but $10 trillion is a big number.
And I can't even wrap my head around it.
It says, I guess, I don't even know where it is right now, but I'm guessing it's probably
in the millions, right, Chief?
A tokenized asset to this part?
Do you think it's in the billions?
If you had to guess, where do you think we are right now by market cap of real-world assets
being tokenized?
Probably not in a billion yet.
Probably in the millions.
In the $100 million.
Yeah.
Because, I mean, the Supreme Loan alone was 1.1.
People are taking loans on just the artwork alone.
Punks, I think they had $150 million in just punk loans alone just rolling over.
So, yeah, I mean, it's like, that's the stuff that I get excited about.
When I try to describe what NFTs are and what their use case are, I always use like the real
estate or using for collateral if you have like a real asset, like a Supreme box or something
like that.
Like when I describe this to my stepdad, I talk about that kind of stuff, like having
the NFT as a lease and like tying that into a metaverse so people can buy your property
that don't even live in your area and stuff like that.
So, I definitely think this is the way that entities move.
And yeah, it's not like the biggest speculator thing where we're going to make billions of
dollars off it.
This is just real world use case for this stuff that is probably going to be implemented
sooner than later.
And this fucking company says it's going to be a $10 trillion asset class by 2030.
So, it's going to be moving quickly and more and more people are enabling.
We already seen people like basically selling houses with the NFT to the lease and stuff.
So, and I would imagine you'll be able to unlock cars with your pink slips and stuff like that
with your metamask or stuff like that in the future.
So, we'll see how it goes.
But pretty interesting report about tokenization and real world assets since we did just have
a sponsor the other day.
So, we have a lot of stuff going on.
Oh, the Reddit.
Oh, you want to talk about Reddit real quick?
I don't know if you did or not.
Did you see that?
What happened yesterday?
Well, I'm going to put this up before we get to the Reddit because it kind of goes along
with real world assets.
So, Snowfro.
I know we mentioned it a while back, a couple weeks ago.
So, and then now more recently, if you're in the Austin area, please do yourself a favor
and make sure you have notifications on for this man and make sure you're available to
kind of pop up where you can or talk to your boss that you might have an emergency.
So, I'm going to break it down.
So, Snowfro is dropping an edition of 2,000.
So, for those of you who don't know, Snowfro is the creator of Chromie Swiggles.
He is a generative artist.
So, he is now combining generative art with Fidgitals or RWAs, right?
Real world assets.
He's doing it with a 15 thread embroidery machine.
Basically, the embroidery machine will receive different styles of outputs and inputs from
his generative art style and will then, you know, create some type of generative art and
feed it into the machine and make you a real artwork.
So, this is part of the Red Bull Racing Velocity Series and by bit and it's curated by the
Art on the Internet team.
So, it is 2,000 unique artworks, 2,000 unique caps, 2,000 ways to participate as an individual
within a larger group celebrating Velocity, Color, and Web 3.
If you are in Austin, he is giving out 300 of these caps out in person.
You just gotta pull up on them.
I don't even think you gotta buy the shits.
So, if you're in Austin, if you're close to Austin, if you can go to Austin, it's definitely
worth it.
I think the floor price on a squiggle right now, let me actually pull that up and let's
see what it is.
But, regardless, it'll pay for your gas and your hotel and all of your whatevers if you
can score yourself one of these hats.
And it's an awesome collector item, honestly, dude.
This is something that's completely different and new.
It's generative art mixed with real world assets and it's embroidery, which is something
completely different as well.
So, I think it's actually pretty cool and putting that up there.
He said that for those of you that aren't in Austin and that do want to participate, the
way that it's going to work is next week, right?
There's going to be a drop and it goes into a regular drop and then a Dutch auction for
the remaining supply.
So, something to keep your notifications on and your eyes peeled if you want to participate.
How can we verify these are real or not?
So, I guess they're going to be NFC chipping in?
Is there NFC?
Yeah, they're partnered with that company.
If you know, you know the ones that did the 9DCC.
Yeah.
Yeah.
They just got big funding, too.
Yep, they did.
I think it was like $6 million or something like last week.
So, they're partnered.
He's partnered with them and they're the ones that are facilitating these hats.
So, I would assume it's exactly like the 9DCC hat.
Yeah, dude.
I might fucking drive out there to Austin.
Low-key.
I mean, this is definitely worth it.
I was just trying to use the example with the tattoos.
Like, who's stopping us from just getting this hat and then just having someone embroidered
Oh, no one.
But they're generative.
So, you don't get the different outputs of the line.
Gotcha.
Gotcha.
Gotcha.
And you won't get the – so, you can copy the actual art, you know?
But you won't get the different outputs of the lines.
And then if someone else has that same output, he knows that yours is fake because only one
can have it, being generative.
And then you don't get the actual NFT.
That's true.
That's what you really want, bro, is that NFT.
The fucking one of 2,000?
Sheesh.
Hell yeah, baby.
Would you want the NFT by Tyler Hobbs that verified that you got a tattoo, though?
Would you want that NFT?
I'm just trying to, like, equate the two.
Like, what's the difference here?
Check this.
Chromie Squiggles are a collection of 10K.
The 90th floor.
These are collections –
Tyler Hobbs' collection is a fucking 100Eth floor.
It's a 10K collection.
Yeah, but that's just because of the way it's manipulated, bro.
Oh, now it's manipulation we're talking about.
Okay.
Talking manipulation.
All right.
It's what – I mean, I personally would want one of these hats if I could get – if I
had an opportunity, but I am not driving down to Austin.
So if I was you, I would do it.
But I was just interested in, like, how is this different from the tattoo thing that
we were basically describing a few days ago – or a few minutes ago.
But I guess it's generative and all that other shit, so.
Yeah, this one you got an actual generative, so the output is 100% unique versus something
that can be recreated, you know?
Yeah.
You get all that, like, the technical jargon of, well, I can use the hash from the time
it created to prove that it's, you know, one of the 15 threads and blah, blah, blah, blah,
so it's more math and equation-based.
Gotcha.
Yeah.
Well, we were – you know, Reddit, that's been, like, a big topic of discussion recently,
and they had a token called Moon and Brick.
I remember discussing it probably, like, a month and a half ago, two months, that that
shit was, like, skyrocketing, and the community was super bullish about it, and they're going
ape shit, and then yesterday, it seems like they kind of just rugged the whole blockchain,
and the token went down pretty drastically.
But I have a little breakdown here.
If you didn't know, Reddit had, like, a blockchain and had these coins and shit.
Let's see if I can find it.
Here it is.
It's by Sammy.
Did a great job breaking it down.
I really am not on Reddit, so I couldn't tell you what – if it was positive or not,
but he did a little breakdown.
So, did Reddit rung its community from its moonshot price of 0.55 to 55 cents on August
12th from 2023 to curate catered value from 3 cents today?
That's a 95 fall from grace.
So, the token on August 12th was $55, and now it's at 3 cents.
Since the community point system moon launched on May 20th on ETH, it faced a ill-fated collaboration
with FTX in August of 2022.
Reddit announced yesterday that the continuation of the point system and phasing it out by November
8th, the reason sided with scalability issues and regulatory constraints.
The moon token's value plummeted 87% to 3 cents on the news.
Reddit is to shift its focus to scalable programs like contributory programmers converting Reddit
gold into real money.
Reddit continues to support blockchain-based collectible avatars despite sunsetting the
community points program.
So, that's kind of what happened there.
Not great.
I don't know why they didn't think about the regulatory issues when they first released
this a few months ago.
I don't know what happened since then, but kind of a kick in the balls to anybody that
bought this token, to be completely honest.
It kind of just came out of nowhere.
I mean, it was at 55 cents just a few weeks ago, and now it's at 3 cents.
So, I've heard a bunch of people bitching, and maybe we have some people from Reddit coming
over to Twitter, and maybe Stars Arena in the coming weeks, and maybe leaving Reddit because
they're not pleased with how they've been handling things.
So, I thought it was interesting.
I really don't participate on Reddit.
I think it's kind of a shit show over there, but definitely kind of our brothers and sisters
and cousins over there kind of doing God's work and talking crypto over there, too.
And they had a little coin that they gave out, and now it's down big time.
Well, welcome to the club.
Welcome to the club, baby.
But, yeah, I thought it was an interesting topic.
And I saw this today, and it's about SWE.
And SWE recently launched, I think it was right before ordinals popped off, everybody
was talking about SWE, the new meta.
But they're under investigation for misleading investors.
So, SWE coin is currently under investigation by the Financial Security Services, the FSS,
for allegedly providing false information about its circulation, volume, and staking profits.
A Democratic Party lawmaker, Min Boing Doink, criticizes the Digital Asset Exchange Joint Council
for not addressing the issue and represented highlighted a significant decline in SWE's
coin violence since the May 2023 listing and accuses a SWE foundation of increasing circulation
by staking and selling locked-up coins.
The FFS acknowledges that the concerns and pledge to take appropriate action if manipulation
or fraud is found.
So, if you are invested in SWE, if you have any coins in SWE, if you're staking SWE, it
probably would be best to get out of that coin.
It looks like this Korean government is coming after them for basically misleading and selling
stake tokens and shit.
So, that's never good.
That was the biggest issue.
Remember, with SWE was that people were farming it, and they thought that they could farm it
for an airdrop.
And then out of nowhere, they just fucking blindsided everyone and did a public sale.
And that was the biggest issue.
Yep.
I do remember that.
Yeah.
Because people were literally like farming.
Eddie and everyone, you know, everyone was farming it hard and heavy.
And then out of nowhere, like, they just literally just said, ah, sucks to suck, public sale.
So, it was all, it was kind of just a shit show since it launched.
They didn't have, like, an NFT marketplace that worked.
They didn't have a mint button.
Like, everything kind of just seemed like it was, like, duct taped together.
They launched it in the middle of a bear.
So, like, looking back at it, hindsight's 20-20.
It just didn't seem like they thought this was going to be sustainable.
And we were just trying to, like, kind of do a quick bump and dump and take money from
people and kind of, like, doing, like, a public round and kind of misleading people from my
understanding.
So, not a great look.
And if you don't know, Facebook, Facebook had their own blockchain back in the day.
And they basically got shut down.
And so, that Facebook blockchain, I think it was, like, Libra or I forget, I think that
was the coin.
I'm not sure if that was the name of the blockchain.
But they defected to two other chains, which was Aptos and Sweet.
So, not saying, like, maybe there's something to do there with it.
Like, maybe these people didn't have Web3's best interest in mind and were just trying to
look for a quick payday and using crypto Web3 as ex-liquidity so they can fund their
next Web2 startup or something.
So, not a great look for Web3.
But I thought I'd bring it up.
I saw it in the news.
What do you got up?
You got anything else you wanted to talk about, Chief?
No, go ahead, bro.
I do got something, but go ahead.
I don't know.
I mean, I have to go in my draft.
So, I'm trying to take a left-hand turn on this busy-ass road.
So, if you want to go bring it up and I'll go back into my draft whenever you're done
talking.
If you want to do it, it's up to you.
I just got picked up.
Stars Arena.
Yeah.
Thread from Sygar.
He was one of the first people, or not the first people, but kind of the one who did
an in-depth breakdown of the contract for Stars Arena and the issues that it was having.
He did a simple explanation now that it's up and running and just how things are quote-unquote
fixed because at first he called them out, right, with just their steep bonding curve,
the lack of security aspects, and all the jazz that you can see on a contract level.
So, now he's just, I guess, an updated announcement.
He says, Stars Arena's contract is verified at long last.
Here's a simple explanation of how Stars Arena's pricing curve works and how it compares to
Frontech.
I posted it up to the top if anyone wants to follow along.
I found the contract deployment from the audit report.
Let's take a look at the get price function, just like I did for Frontech.
The Stars Arena's code is very similar to Frontech.
The calculation for some one and some two are actually identical.
However, the supply is incremented by two to start, which Frontech did not have.
So, if anyone is interested on the actual intricacies of how these are working and whether or not
it's safe, you do have at least the sign from Saigar that it is safe now, post-audit.
I don't know if you'd want to continue to stay on that app after they've just been hacked
for $90 million.
But then again, they managed to get it back some way, somehow.
So, Stars Arena does plan on staying around.
No note or reference to if they are going to get funding from the AVAX Foundation.
Originally, when the hack happened, AVAX didn't say that they would provide them with funding,
but it is what it is.
So, just doing a little Stars Arena update on that.
Go ahead, Captain.
Yeah, be careful.
I saw someone post yesterday that they found a vulnerability in the contract after they posted
it was clean.
I just posted up Yala's kind of meme tweet about it.
And then, if you scroll to the right one more, Stars Arena sent out an update about three
hours ago that they're experiencing issues with indexing the data, and people are having
trouble seeing their stuff.
I don't know.
I haven't tested Stars Arena.
I haven't been on the platform.
But, I guess.
Yeah, me either.
Be hesitant.
Be cautious.
Yeah, I would just get your money off now that you can trade.
I mean, I don't care what Sygar has to say.
You know, I'm just letting you know that it's somewhat...
You know, the point is, is like, Stars Arena sucks after it got hacked for $90 billion.
But, we're just being awareness.
And, even Frentech is a little bit slowing down.
But, now I think it would be a good time to look for some undervalued keys on that end.
Because, that's the whole point.
It's the carrot at the end of the stick.
And, again, ultimately, we're definitely seeing that the reason that all these people are on
these apps is the carrot.
It's not the conversation or the chat rooms.
Right?
So, let's do a market update.
What's popping off?
There's a lot of stuff minting today.
Let's see where we're at.
See what we're doing.
See what's pumping.
What's dumping.
So, I mean, there's Nike Dunks.
19 of them sold in the last five minutes.
Floor price of $0.07.
The Wallet Wars Pass.
15 sold in the last five minutes.
Floor price of $0.0385.
Grapes at $0.43.
Nine sold.
Then, D-Gen Mint Owls of Fortune.
$0.0048 with $8 sold.
Ranga, $0.25 with $5 sold.
Forage badge, $3 sold.
Floor price of $0.03.
And then, just regular ones all across the board.
$16 Guay and $15.73 ETH.
Dude, I saw Art of Seasons was, like, pumping yesterday.
I was, like, wondering what the fuck is going on, bro.
It's been pumping.
Dirty Robot came out two days ago and just did an announcement saying that he's planning on now going full forward on development with Ranga.
That he has now control, et cetera, et cetera.
And so, a lot of people are bullish for what's to come on that end.
I'll pin it up to the top.
His letter to the community.
It says,
I would like to start this message by saying a massive thank you for taking this journey with us and standing by us since Ranga's inception.
And for those who knew me before as Dirty Robot, you're familiar with my passion for storytelling and character creation.
So, a little letter to him, from him to the community.
Got a lot of people bullish of what's next and his continual development of cartoon.
I noticed on the quadrillion art thing that you have Dirty Robot logo on there.
How's that going?
How did that go yesterday with, like, the first thing?
Wasn't there, like, a voice message or something that was noticed by the artist yesterday?
You want to give us an update on everything that's going on with that?
That's, that's an artist, I mean, that, that has nothing to do with Dirty Robot.
That's some artist.
I know, but I, I, I'm just kind of cycling into it.
I saw the, the Ranga character, the boy, was part of one of the images that you guys had on Quindrillion Art.
Yeah, the, I mean, yes and no.
I was like, the image is all of it, dude.
They're not individual images.
Does that make sense?
Yeah.
But I also saw the boy that is related to Dirty Robot on the image.
Yeah, that's not, I'm not the artist, so I don't know.
He drew whatever he wanted to draw.
But yeah, it's on there.
It looks dope.
I think that the little kid who's holding the diamond is really clean.
And then the, the cows are fucking pretty trippy, dude.
But yeah, so the second piece for Quadrillion dropped yesterday.
I mean, it looks dope.
That's it?
All right.
It looked dope.
I mean, I don't know what you want me to say, dude.
You can go listen to what the artist has to say about it.
But I mean, that's exactly why that art piece is there.
So we don't have to, to tell you what, what, what, you know.
Mm-hmm.
It's for, listen to what the artist had to say.
How he, why he drew, drew what he drew.
And then, you know, enjoy yourself.
Is there an Easter egg inside of that?
Is there an Easter egg inside of what?
What he said.
Or what the artist said.
Did you guys tell what the artist had to say?
To kind of like keep things, or did, where they had the free will to say whatever they
wanted about the art piece?
No, they have, basically, their direction was write or include an audio with what you either
want people to understand when they're looking at the piece, feel when they're looking at
the piece.
If you want to share why you got inspired to create it.
It's kind of like an open forum for just sharing.
Now you're telling me there's an Easter egg in everything.
I'm looking at, like, the time, the time, how long it is.
I'm just trying to, I'm like, I'm playing in reverse.
No, there's Easter eggs.
I'm playing in reverse, and maybe there's, like, a fucking message when I play it in reverse
and shit.
Like, I don't know.
I'm just looking all over the place now.
Yeah, to assert everything that we have control over, there's an Easter egg.
I mean, I can't control how long the artist wants to talk or what he wants to put
in his artwork, but I can't control what time everything drops every day, right?
I can't control the number of artists that we have and how long the reveals are.
Stuff like that, like, everything that we have ultimate control over, there's a reason
why it's there, and it's set to either that time length, that whatever it may be, everything
is, like, strategic.
And there's a new piece that's dropped every day, pretty much?
Yeah, there'll be another one.
The third piece will drop today at $2.10 PST.
Okay.
I like the first piece.
The first piece, like, I don't know, it's, like, vintage looking.
I don't know how I would describe it, but it's nice.
I like it.
Uncle, your hand raised and then went back down.
Did you have something you wanted to mention real quick?
No, not on this topic, really.
Well, you can talk about whatever you want, bro.
I'm not trying to pigeonhole you to this topic, but what do you want to talk about?
I don't know.
I got into a rabbit hole yesterday of starting to buy more rare sats.
I don't know why.
It's just because Magic Eden was so accessible.
And then I found Satting, S-A-T-I-N-G.io, is also a good marketplace.
And now, because they are, you know, more accessible, the prices, they're making more of a market and a fair value instead of, like, over-the-counters where people are charging $90 or $500 or crazy figure for over-the-counter sats.
I bought a few Block Nines, some pizza sats.
I'm trying to get some cool paladromes.
I'm just buying them yesterday.
The mempool was, like, five sats per bite or whatever it is.
It wasn't that crazy.
So transactions were, like, a dollar or two.
Bought some random things.
Now, I bought at about – the price was, like, 2,600 sats per Block Nines.
And now they're at, like, 40,000 sats.
So it kind of made, like, 80% in a day.
And it's still going to shift.
It's going to go up and down, left and right, because, you know, it's a new marketplace.
It's a newly accessible marketplace for people.
It's only been around for, what, three days, I think it's been in Magic Eden.
So we're going to find a fair value in the next week or two or three.
And I don't – and I kind of think we are going to go higher in specifically Block Nines and maybe even sats overall, special rare sats,
are going to get higher because people aren't – people are going to start realizing you could buy these more easily.
And they're going to start going hunting.
And it's pretty fun with all these palindromes and these numbers and all of it.
It's just – it's revitalizing my way on, like, collecting Bitcoin, believe it or not.
Well, I posted up something at the top.
It's Loomisap.
Shout out to Rabbi, one of TDA's first sponsors, when he was creating his app.
And he's been, you know, developing a way to isolate rare sats, extract them from your wallet.
And now he has a full-blown marketplace called Loomisat that you can go over there and shop on.
So another spot for you to check out.
And, yeah, just to reinforce the narrative, I mean, you see –
and we saw the first institutional money get deployed.
You know, I think it was a $1.6 million raise.
And they specifically named Satoshis as an asset class that they will be deploying capital into, right?
Ordinals, Bitcoin, and rare sats.
So rare and unique ones.
So it wouldn't be bad to start diversifying if you plan on –
or you think that the Ordinals movement is going to be here to stay.
I wouldn't, you know, put it past having a couple of the virgin sats, having a couple inscribed,
maybe finding a collection that's not so sought after but is on a unique sat.
And since you can re-inscribe on top of that, you can potentially still get a discount on that end.
So –
Yeah, Bitcoin's going to come back.
Bitcoin dominance is rising.
I could just see – and that's having another kind of Bitcoin bull run right before the season ends,
you know, the year ends, I just think, like, Bitcoin's going to start popping off, ETFs.
People are going to be bullish about Bitcoin, and I just think that kind of leads to, like,
Ordinals popping off.
But we'll see.
Just wait.
Just wait until the – having a conversation comes up with all these normies.
They're going to be like, huh?
I can own a sat that did this or was involved in this?
And they'll be like, this is cool.
This is almost cooler than NFTs because it has some type of historical reference and, like –
That's what Snowden said, Uncle, at the Bitcoin conference because he was there when they were inscribing the WikiLeaks.
WikiLeaks.
Leaks, baby.
And he was just saying of how, you know, the uncensorable nature of Bitcoin and how if adoption comes to that,
that that is revolutionary, you know, and it becomes a public ledger.
So that's the last person you want saying this is cool and I want to use it.
You know, you're like, fuck, dude, please don't make me a terrorist.
Like, don't think this is cool.
Think Solana's cool or something.
Yeah, but not only that, it's that if you think about it, like the pizza stats, it was –
what was it?
It was 55,000 Bitcoin.
So that's like – what is that?
Like five trillion stats or something.
So there is going to be a high quantity of stats in any of these collections.
But how many of them are actually going to be sellable or on the market or even not lost in itself?
I think, like, the Block 9 stats.
I think, like, there's five billion Block 9 stats because 50 Bitcoin is five billion stats, I believe.
And if I'm doing the math right.
And I think only one billion of them actually went away from Satoshi.
And then, once again, we think that there's an estimate of, like, 600 million of them lost in itself.
So there's, like, still 400 million plus in estimate.
400 million plus just Block 9 stats out there.
That's a lot.
Do people are realizing that they have it as an old whale that they're going to piece them out?
Maybe not.
Maybe the next bull run is where everyone's going to reshift their stats within their wallets.
I could see this going hyper-parabolic when that happens.
That could be one of those momentum things that help it go up in value.
Be like one piece is basically a dollar – not a dollar value, but, like, a dollar that you can transact and hand it off to another person.
And it's going to be very interesting.
Just like how cheap – you always say it this way.
It's like drawing on a dollar.
I remember that as that used to be – people used to draw on dollars, used to do whatever they can.
People are going to try to do that.
Hey, I made 10 pizza stats, and I made my thing.
And whatever it is, it's going to be very interesting.
I just can't wait.
I'm so excited.
And then when you get – you know, you start telling these funds, like, hey, you already have 50 Bitcoin, but you actually have 70 Bitcoin because you have a bunch of stats in there that, you know, are worth XYZ amount.
And so whenever that number gets to the point of interest, right, to where it peaks interest, right now you're like, hey, you have a couple of rare, unique Satoshis inside.
Probably get a couple of hundred bucks from them.
They're not going to bother.
When you say, hey, you're fun.
You know you're sitting on 1,000 Bitcoin.
Did you know that you have an extra 250 of them if you just transform these regular ones for – you just swap them.
You literally just swap your one you have for a regular Satoshi, and you'll come out with an extra 250 Bitcoin.
And I'm going to be like, yeah, dude, I'm down.
Show me why or where does this come from.
And then you'll start getting it in.
But we don't know exactly what that threshold to make these institutions want to look at their supply in.
But when they do, then that's, I feel like, the green light for this whole Satoshi narrative.
You know who I really feel bad for?
There are people that left during, like, May of 2022, and they're going to come back at, you know, Pico top, probably after the ETFs announced and Bitcoin's above 70K.
And they're going to have to learn all this shit from ordinal, like, social flies.
Like, what?
Utes are on fucking Polygon when they moved to fucking ETH?
Like, dude, there's so much shit that happened in the past year and a half.
I would hate to be someone that tapped the fuck out and have to learn all this stuff peak bull run.
And, like, that's going to be bad for them.
And the fact that you have to sit there and learn it, that means you're missing opportunities.
So if you stuck around, you got a head start to all these fucking Fairweather fans for sure.
So shout out to you guys.
So Matt Cain, really didn't know who Matt Cain was personally until a few weeks ago with the whole fucking thing that he got bitched out about with his Super Rare piece that was, like, an AI piece.
But he has an auction for a Zombie A9 in Madnitudes with an ongoing Inanna's bid for 4.2 ETH.
So if you go to this link – oh, fuck, you motherfuckers, dude.
Thanks.
Anyway, if you go to this anons.art, you can click, and there is a bunch of bids going on.
So you have six hours and 49 minutes on this bid.
That's 4.2 ETH bid.
There's another one for 1.37.
It's done in three hours.
You have one for 1.78 three hours, 1.8 for four hours.
But they all kind of look the same.
They're, like, a little bit zoomed in, and they have a little more Xs on top of the faces.
But, you know, if you do want a Matt Cain piece, and his pieces are selling over, like, 5 to 6 ETH, and his Super Rare pass is above 10, there seems to be some deals here,
especially with the less than four hours to go, if you can get a Matt Cain piece with this bid for 1.7 ETH, I feel like that's a steal.
There's one for 1.37 ETH.
So you do want to get a Matt Cain piece.
There's nine pieces here, and the highest value is 4.2, but the lowest is 1.37.
So there you go.
There's an opportunity there for you art collectors.
And I guess people have been bitching out that Matt Cain is usually, like, a germative artist, and then now he's creating AI pieces, and people are pissed off about it.
Like, let the motherfucker be creative.
Let them fucking dabble in new creative things.
Like, you can't just pigeonhole a motherfucking artist because you're a collector and you want them to stay the same.
Like, they're going to venture out.
They're going to use different canvases.
They're going to use different blockchains.
They're going to use different tools to be creative.
So shout out to Matt Cain for pushing forward and doing something different, man.
So just wanted to get – didn't know a lot of people see you talking about it, and there's an auction here right now if you do want to get a Matt Cain piece.
So, I don't know, Chief, are you into Matt Cain?
Are you into buying artwork on ETH these days?
What do you think, man?
Is this something that you would buy?
I mean, I'm not going to buy it, but I know you've been a little more bullish on art recently.
Yeah, no, I mean, I'm not looking at ETH anymore for art.
You know, now knowing that so many artists have their interest peaked for Bitcoin, I'm going to just write it out and just wait it until, you know, they start slowly trickling in and you get the cow herding technique.
You know, that's typically what happens is the first cow looks up and looks over and he's like, hmm, where are we going?
And then they just all end up over there and no one even knows why.
But I feel like that moment's slowly starting, especially with Bitcoin dominance coming and so many of them being interested into the chain.
What's that technique called again?
Cow herding.
Oh, I misheard you.
I thought you said reverse cow herd, reverse cowgirl technique.
I'm like, damn, bro.
Shove it down our throats.
But like cow herd.
Okay.
Anyways, Matt Cain, you know, killing it.
So just wanted to bring that up for you guys.
And, you know, if you do want to keep track of what's going on in art, Roger Dickerman releases a thread called the 24 Hours of Art and pretty much breaks down everything that's going on in the space.
I'll pin that up for you guys.
I had notifications on for him, basically talking about this piece and talking about winds of Yorana, 24 Hours.
He has collection highlights from multiple artists, live sketchbooks by William Manpan, incoming things with digital art, airdrops, keeping you updated with airdrops with like rare pass and stuff like that.
So you do want to keep up to everything art like this is super detailed.
It is fucking killing it.
So just wanted to pin that up there.
It's a great resource.
And that's how I that's how I kind of start my morning is reading this, trying to get ideas for the show and shit.
So but other than that, man, look at Bongo up here.
Fucking killing it with the AI.
If you guys didn't see, we got a few AI logos that we posted yesterday.
And Bongo created all those blowing my fucking mind, dude.
So I really do appreciate Bongo using his AI generative and creating some new logos for the daily outfit.
What's up, Bongo?
What's up, brother?
What's good, Sprezo?
I meant to come earlier today, but I had a couple of meetings and I couldn't.
But I'm glad that you like the art.
It's actually mind blowing and I'm looking forward to make more for you guys.
Yeah, I really I showed my wife that.
She's like, that's crazy.
Those are so good.
You're trying to give me like a lecture into like my logo and like how you can't change it.
I'm like, oh, I'm not going to change it.
I'm going to use it for marketing.
So like my wife's trying to tell me how to run this brand.
And I was like, yo, slow down, girl.
Like we're just using this, having fun, like chill out.
But did you go over to Stars Arena today?
Yeah, it's a complete piece of shit.
It's not working.
Like whenever you get in there, either in your phone or computer, you have to log in your Twitter.
And you have to like you have to do the authentication.
And you most most of the times you have to do that twice.
And that to me is scary because with Twitter, you never know.
So you might lose your account just fucking around, trying to grant permissions.
Come in.
And so once you get in, the app is not working.
It's not working at all.
Like to see the timeline, you have many issues.
You cannot chat with people.
It's a piece of shit.
If they don't pitch it, I will not go in there.
On top of it, I created like an AI piece of Cook.
DM effort, he didn't even retweet the piece.
I was looking to pump my tickets, but he didn't help.
So I'm mad.
I'm pissed off.
It's not worth the time and effort to get in there.
Yeah, I was I was kind of curious if there was never a hack and would just say it just
ran its course.
Would we even be talking about Stars Arena right now?
Right.
I feel like the hack is kind of like delayed, delayed the inevitable with this product.
And I feel like it kind of created another hype cycle for this.
And now we're talking about it still.
But I felt like if Stars Arena, there's no hack and it just went smoothly, it would have
basically just died out just like Frenzy did.
Like no one fucks with AVAX.
It's like no one no one cares.
It's like it's just funny to me.
Like this is ultimately competing with Twitter.
And I just don't think it has a use case long term.
And I feel like this hack was part of like a marketing campaign and like them trying to
prop up their TVL and try to make comparisons to Frentech while they could.
And now we're just like now everybody's realizing that it's a piece of shit that's built on top
of like a blockchain that can't handle volume.
Well, I'm pissed off at the at the because it's not working and it was done for a couple
of days.
If it's not ready to go, keep it down, make things properly.
They will probably have it up and running in the next two to three days, hopefully.
But I I just think it makes sense for the DJs in the space to go there and cheat post for
many people.
You can get more engagement there right now than in here.
You can actually get some followers from Twitter in Twitter because of what you're doing in
Stars Arena.
I had some people reaching out here.
So short term, I see the opportunity.
I see the value.
Also, Avats is like 10 bucks and I didn't put any money into Stars Arena.
And my my my price is like my total value is like $80.
So it's free money in a sense.
You just have to go there and grind.
You can get followers.
You can you can do the thing.
You can have fun with it.
But it's work.
Like if you're not like a DJ sitting in your computer doing absolutely nothing, I don't
think it makes sense.
I mean, you want them to test it out and roll it out, but it's not it's not.
Sorry, it's the blockchain.
The blockchain can't handle that many people getting on there at once.
It's like it's basically like a worse version of Solana.
Like it's very centralized.
And this is what happens when everybody fucking presses buttons at the same time on a protocol
that can't handle this kind of volume.
And they can't stress test it because the only way you can stress test is make it go
live.
This is what happens.
So, yeah, it's not going to look great when it first opens, when everybody's trying to
like withdraw their funds.
And then ultimately, if you want massive adoption and everybody to use this, like this is not
the fucking blockchain to do it.
Yeah, it might be cheap.
But like this shit is like this blockchain can't handle shit.
When they brought the app up again, they only enable withdrawals and sell buttons.
And apparently that was a mistake.
And you had everyone just fucking selling and withdrawing.
And now you can you can buy again and do multiple things.
Yo, so real quick, I don't know what happened, bro.
They had contract errors, everything left and right, potentially wrong that happened.
But I could have meant on first come, first serve.
But yeah, it sold out while the wars is sold out in five minutes, apparently really quick.
So, yeah, if that's why it's going crazy on secondary, if you want to participate, you're
going to have to buy off secondary.
And it was kind of a botch mint.
So it's probably going to be some FUD and FUD traditionally there goes really well or
really shitty.
They are backed by Animoca.
Just keep that in mind when you are making your purchases.
And mint price was point zero three for everyone that got these purchases right now or that was
able to mint right now.
So it's at point zero four with activity wise.
We're sitting at give me one segment.
About thirty three sold in the last minute with one hundred and fifty sold in the last
five minutes floor price of point zero four.
Twenty twenty percent listed and sixty two percent.
Yeah.
Ownership is actually good.
Sixty two percent ownership ratio as well.
They're going to have people FUD team this because they need three of them.
So people are going to FUD it to bring the price down and then they're going to keep scooping
and accumulate this and then they're going to pump it.
Dude and if it's Animoca and if Animoca sees the success of every game five project in the
last like two months of hey we're a game hey we're having a token and then you literally
shoot to fucking one E.
They're probably going to do the same playbook but have fatter wallets.
Yep.
So when is the crypt the other thing that's going on I don't know if it's minted is the
the crypt collector thing with the the Pokemon cards that are on Magic Eden when does that
go live?
Right now.
It's not right now.
How's that going?
Because the other the other ones that launched yesterday that were on Ethereum sold out in
like seconds.
Is this still going on?
Is there still available packs?
They're like three sold.
Crypt collector.
I'm looking at it now listed how much how much was the supply only a hundred and ten?
I think so.
So there's only 24 out of a hundred and ten listed floor prices eleven sold.
What the fuck's going on here?
Is that why is it?
Yeah.
The pack sold for three sold three dot zero two five sold.
So you have some people already a little bit underwater like this guy that has it on the
floor bought it for fourteen point five.
Oh shit.
So he's already trying to get out?
Yeah.
So there probably was.
I mean, you can't.
I don't really know how to use this fucking.
Oh, there is a chart.
So, yeah, it peaked at twenty sold for a little bit and then it's since retraced about fifty
percent and it's at ten.
Solana being.
Is there any?
No, I was going to say that Solana being Solana, but they sold out in one second.
I pinned to the top the official tweet.
Shit.
Do we know when like reveal is for these or when the packs can start being opened?
I don't know if there's any data on there.
I'm not looking.
So I was just kind of asking.
Passively, any data, any kind of anything they've kind of coordinated or announced for
the team from the team saying like when these are going to be able to reveal, when you're
going to be able to open them.
No, there's no info yet.
So, yeah, there's no info yet.
OK, I thought it was pretty.
I mean, so I kind of mentioned this morning, do we think these card packs are a new meta?
This seems like this is what everybody wants.
Everybody's fucking they're selling out in seconds.
So I wonder, like, typically when you see success in this market, you got copy and paste.
So 60 bucks, 23 bucks.
Three soul is 23 bucks.
Oh, I thought you said one soul.
Oh, I was about to shit myself.
I was like, bro, there's no way.
No, it's 23 bucks per soul.
So like three, six, nine, six, 69 bucks.
70 bucks.
Yeah, like 70 bucks after.
OK, cool.
That makes sense.
Yeah.
And then the other one was the Halloween packs for 100 from Courtyard.
Yep.
I'm just like, you know, you know what's going to happen.
Right.
Like we're going to start seeing new people come out with these and they're going to be
fucking doing different kind of cards.
And then they're going to fucking rub people and not actually have any PSA grading.
They're going to come in the mail all bent and shit.
So, I mean, people loving these.
These are selling out in seconds.
So I'd imagine there's a demand there and people want to participate.
So I'm guessing Courtyard is going to have to up and keep doing these like every week
or there's going to be more people coming into the space.
Like this Crypt Collector, I hadn't heard until like last week and they kind of came
out of nowhere after the success of Courtyard.
So I wondered, like, I'm probably going to imagine there's going to be others popping
out, maybe teaming up with OpenSea or Blur or Looks Rare.
I don't fucking know.
But it seems like this is what people want is these card opening packs and they're selling
out within seconds.
So and these are all Pokemon, right?
So it's like we need to fucking get out of this fucking meta.
Like I need something other than Pokemon to get excited.
Yeah, it's exciting to see this sell in seconds, but I'm not much of a Pokemon guy.
So can we do something different other than Pokemon card opening packs?
Kind of getting washed.
But I guess we'll see.
But this is on Seoul.
The Courtyard is on E, I think.
It's on Polygon.
Courtyard is on Polygon.
It's the only thing that Polygon has going on for them right now.
What about Pluto?
Pluto, yeah.
It's the flagship NFT of Polygon right now.
I heard rumblings from that team.
I was at MagicBatch for a short period of time and talked to the main guy there and basically
told me during the interview process that they're going to have a token for Pluto, too.
Dude, look at the gameplay for LE7.
I don't know.
Lee?
Yeah, LE7.
It's on that free NFT.
We were talking about the free NFT platform last week with Igor.
That was one of the projects you can register for.
Yeah, look at the gameplay that I posted up there.
Just the animation looks kind of wild.
So I'm kind of excited for that one.
I've already been following it for a minute.
Whoa.
It's like anime?
It's like an anime game-ish?
Yeah.
It looks like alluvium, but with fucking anime.
That's what it looks like to me.
Like old school PlayStation 1 games.
You know, graphics aren't all there yet, but it's decent.
I've heard a lot of people talk about this game and, like, pretty bullish on this.
Crypto Gorilla's right underneath there saying, let's go.
I know he shouted it out on his YouTube like a week and a half ago, and he's been all about
this fucking game.
I want to post something up here.
I mean, it kind of has to do with blockchain and ownership, and you can more or less kind
of close it up with this, too.
And it's right up your alley.
So, Caleb Williams reportedly wants partial ownership of whatever NFL team drafts him.
So, do you think that this is going to become more and more predominant, the idea of some
type of ownership or the want for ownership, either self-sovereignty of assets, ownership
of oneself, right, or just moving forward?
Because, I mean, this isn't a concept or a business model that's even prevalent or traditional
in football.
So, it's just interesting that it's happening now, and that I can definitely see with the
ability of some type of ownership or fractionalization of shares with blockchain, that this becomes
more and more dominant.
I've heard rumblings of Patrick Mahomes wants some kind of percentage in the Chiefs, but, like,
I think what has changed is the amount of money that these college players have in their
bank account now that they can do endorsement deals.
Because before, I think, a year and a half ago, like, no players could go out and have
an advertisement with Dr. Pepper and get paid for it.
They couldn't get paid for their likeness.
Like, Caleb Williams probably already has $2 million in his bank account.
I think he has Dr. Pepper endorsements, Burger King endorsements.
So, I think the difference here is these motherfuckers have a lot of money coming into the league
to throw down.
Plus, he's going to be the first-round pick.
Like, that's, like, a guaranteed, like, $100 million.
So, like, if he does, like, I think that's the position he could be because he has a lot
of money he can throw down right off the bat.
And, like, when you were coming into the league two or three years ago, you basically just
had the rookie guaranteed deal, and that was it.
Now these motherfuckers come in the league with, like, $10, $20 million in their pocket.
I mean, Doc, what do you think?
You're a football guy.
Do you think that has something to do with it, the fact that they can, like, get paid now?
Yeah, well, it definitely de-incentivizes them to actually go into the NFL.
I mean, look at how much money some of these college athletes are making.
I think it's a ridiculous ask, though.
I can see why, you know, Beckham and Messi are able to do that later on in their careers
in a league that is not the NFL, but for a rookie to come in and say that he wants ownership,
I just think that's, I think it's ridiculous.
Wait, what's the difference?
What's the difference between Beckham and Messi and Caleb Williams?
What's the difference of him as an individual asking for ownership in Messi?
Because Messi is Messi and Caleb Williams is, you know, he's…
Well, he's Caleb Williams.
He has left to prove, you know, like, he's not.
He's got something to prove, man.
Yeah, he's a first-round draft.
You align, if he gets ownership over whatever the fuck he's doing, you incentive, you align incentives, right?
Like, similar to what we're doing here with Gapets.
I just think it sets a really bad precedent, and in the future, everybody's going to want to do that,
and there's no way that ownership's going to agree to it.
Now, ownership doesn't want the players to have any control, if you haven't understood.
Like, back before the protest with Black Lives Matter, there's owners saying,
we have the players running the asylum, or the prisoners are running the asylum.
And, like, the Texas owner, or it wasn't the Carolina owner, had to sell the team off those remarks.
So, the fact that you have these old fucking owners that are, like, 90 years old,
that they think they're going to give what they built an opportunity to a rookie that hasn't proved himself,
like, that has a lot of things that could go wrong.
Like, now the player thinks that he has a right to who's on the team.
And what happens if the ownership and the player get in disagreement,
and now the player gets traded?
Now you have someone on an opposing team dictating policy on a team he doesn't even play for anymore.
No, but I'm saying, what if you had the option of actually looking at it as equity?
If, when signing, you had the ability to get equity in?
I just don't think the owners are going to give away the grant, give a piece of their equity, just because.
They're not giving it away.
It would literally come out as part of a signing.
So, it's like, they save $50 million by giving you 0.01% of equity in its ownership.
So, at that point, he doesn't have a salary, he just gets equity in the company?
And what happens if, like, Expresso said, if he gets traded?
Like, is there something in the contract that says, yeah, we'll do this deal,
but you will always be, you know, a saint, or you'll always be an eagle, whatever the case may be?
Like, it's just, there's too many, it's too complex.
I just don't see it happening.
Kind of see that, too.
I just don't see it happening.
It's a cool idea.
I just don't see the owners.
So, you don't think that we could fractionally own any team?
I think, and I don't think that you're going to get it with this, these owners.
No, no, no, with these.
I'm talking about, is fractional ownership possible for a professional team?
Like, yeah, I could say, like, an MLS team or, like, a lower-tier team,
but not, like, the biggest company in the world, the NFL.
There's no way they're giving away ownership to that, bro.
Like, they're, I mean, I just don't see it, bro.
These are, this is the old boys club, bro.
They're just not giving it away to some fucking rookie or anybody that wants a piece of it.
Like, that's, that's high-value shit that they give to their friends.
And, like, they're not just going to give it to some random-ass fucking dude.
No, no, no, that's not what I'm talking about to you.
I'm asking you, if we bought, if we NFT'd, fractionalized a team,
do you think that would work out?
Where it's everyone in Twitter puts the money together and we own a team.
Do you think that that kind of fractionalized ownership would work in this kind of model?
If anybody could get a piece, no.
But if a small partnership with people, because ultimately people have a piece they feel like they want to say.
And to have people that have no idea of how football or a soccer team or a baseball team works,
having a stay on how business needs to be operated,
I think will do a disservice to the business but also the team.
Like, there's just too many cooks in the kitchen, right?
You have a GM and you have an owner.
You have two people in power.
Typically, the GM just does the job.
And sometimes you have people like Jerry Jones of the Cowboys that has a say in who gets picked in play.
But that even gets complicated when you have two cooks in the kitchen.
So having six or seven people that own a piece of the business that now think they have a say on who needs to be picked
or how the team needs to be ran, I think that's a disservice to the players but ultimately the franchise in the long term.
So, I mean, yeah, it's a great idea.
Yeah, it'll probably happen.
And it'll probably be a disaster.
Just like how DAOs are a disaster.
And, like, do you think Elon Musk will give everybody in Tesla an option to how to run Tesla?
Hell no.
No one gives a fuck what the fucking person that screws the wheels on has to say about Tesla.
We choose Elon Musk to make those decisions because that's who we decided to make in charge.
When you have too many people making decisions that don't have any kind of experience,
it ultimately lowers the brand and lowers the value of it because now you have people that aren't qualified making decisions on something
just because they have, like, some stake in the business.
But Dick Dufus, Doc Dufus, whatever you want to be called these days, your hand went up.
I want to throw it to you, and then we'll throw it to Ash and Uncle.
Yeah, I was just going to say, I think it really depends on the league.
It's never going to happen in the NFL, at least in my lifetime, like Expresso said.
I mean, it's the good old boys club.
They want to control everything.
They might as well be the cabal or the deep state.
Like, that's not happening.
But I could see it happening in other leagues, right?
I mean, D-Gods could probably do that with that big three.
Don't they own a team?
Like, they could fractionalize that and offer it up to them.
Yeah, shit like that.
I could see, like, start up – like, wasn't there that NFL – it wasn't NFL.
It was a football league that the players got to choose the league.
Johnny Manziel was part of the team.
Terrell Owens, Josh Gordon.
They played during the year.
It's basically like a 50-yard arena football game.
And then the coaches are the players – the coaches are the fans, and they get to pick
and choose the plays based off, like, a spreadsheet that gets, like, put online.
Like, that – I've seen that.
Like, that kind of works.
But, like, small startup – small startup businesses and sports teams, I think that could work.
But, like, when you're talking about NFL, the big four, NBA, MLB, that kind of shit, I just can't see it happening personally.
Go ahead, Ash, and then Uncle.
Yo, dude, I agree with you that too many chefs in the kitchen would make the food either, like, too sweet or too salty.
But there was also this documentary following this concept that if you ask a large group of people, if the group is large enough to guess the answer to something that no one knows,
the average of their guesses is very close to the factual answer.
And then one of the experiments they carried on was having this team based in UK to be managed by the fans.
So the fans were, like, choosing who gets to play or who should sit down instead of a coach.
And the team sucked ass, but for the first time, like, because the fans were controlling it, they almost made it to the Premier League.
Like, they almost won, like, won the final and went to Premier League.
So that was pretty nuts.
And the documentary is somewhere out there.
But I do agree with you.
It could be a disaster like the DAOs are.
And I just wanted to, like, also share, like, this thing I saw yesterday.
I don't know if you talked about it, but it's a fractionalization protocol.
It looks like they just simplified the UX way better.
But I also wanted to add, like, I have been told that fractionalization, fractionalized ownerships is not allowed in the U.S. for some reason.
That's some security issues, apparently.
So talking about that, maybe chat GBT.
And I think the Green Bay Packers have some community thing with the...
You could buy shares.
You could buy ownership shares, but they do nothing.
Yeah, the Packers are a unique team in the NFL because they are community-owned.
The team operates as a nonprofit corporation, and the fans, known as shareholders, collectively own the team.
These shareholders have voting rights and attend annual meetings to elect board members of directors.
The ownership structure was established in 1923 to ensure the team's stability and connection with the community.
So that is one way that they've done it.
But they don't, like, make decisions on the team.
I guess they make decisions on who they can vote.
And I guess they have, like, the community has, like, one vote out of all the other board members of, like, who could possibly be the coach.
But they don't get to dictate who gets, like, players picked and shit like that.
So that's pretty interesting.
Go ahead, Uncle.
And then we'll get the show me, and then we'll end the space.
I mean, listen, it's a business, right?
They got to do everything profitable.
When they brought Beckham here, this was never done before in this concept.
Because we have a different sport for soccer or football, whatever you want to call it, over here.
So it was different to bring such a high-paid player here.
And eventually it was broken through that he could, you know, buy and fund a team with some investors, those two brothers.
That's the same thing kind of happened with Messi.
But Messi already proved himself and already we're in a different time where valuations are totally different than how we pay.
Our players are totally different, especially with Saudi Arabia.
So, like, comparing him to Caleb Williams, I think, is like comparing, you know, a Rolls Royce to my bicycle.
It's like it does something.
The other one has potential, but it didn't do anything yet.
So I think it's too much of him and greedy of him saying, yeah, I want some ownership.
Even if it's just to say ownership, it's kind of bullshit.
But you know what?
There is a, not an NFT, but a crypto company.
What is it called?
Socio?
Socio?
I forgot how to pronounce it.
Socios.
I don't know.
They have their own, the Chili's, if you guys ever heard of Chili's, the coin, CHZ.
They have their own team coins where, like, they have Man City, they have Juve, they have a lot of teams, like football, European football teams, that, like, it becomes not a crowd share, crowdfunding.
They can basically dictate, like, uniform colors and shit.
Not uniform colors, but, like, what song they walk out to, what's said on the header, like, small things that are cute and whatever.
So, like, that's the only thing that I see is, like, a fractalization ownership that works right now.
It's not, it's like, it's like an AIP or whatever, but just voting for what, like, minute things, really minute things.
Like, if they want to, it works.
It works really well.
And no one notices that this is going on, if you haven't noticed.
I don't think anyone in any of the stadiums notices what's going on.
Or we don't even pay attention that much to it.
It's very interesting.
I don't think you're allowed to buy it in the U.S. right now.
So, like, yeah, those security issues are there because you could actually have some say in something.
It may not be groundbreaking, like, if they make this play or whatever.
It's just like, what song do you want to hear?
Sure.
But that's better than nothing.
And the Caleb Williams story, I think, is a whole bunch of garbage.
And I think he should win the Heisman and then do nothing in the NFL and become Tim Tebow all over again.
I mean, he's getting high praise and people are putting the card before the horse.
I mean, he does play in the Pac-12, which is one of the weakest divisions in football.
So, he has been taking advantage of weaker competition.
People are calling the next Patrick Mahomes.
He's already guaranteed the number one pick.
He's saying that if it's a certain team, he could just hold out and won't actually play.
I mean, the dude still needs to prove himself.
He's already, like, acting like he's the best thing since grace, God's grace, this earth.
And he just lost to Notre Dame last week.
So, like, the dude is beatable.
So, yeah.
I don't know how well that's going to turn out for him.
But I still definitely think he's going to be the first pick.
But I actually do like fan interacting with small things like music, uniform colors, shit like that.
I think that would be dope.
But, like, having a say in, like, players and shit, I don't think that will ever happen.
We'll get to Shomi.
What's up, brother?
GMGM, sorry I'm late.
I've got this big-ass order I'm trying to get out today.
So, I've just been doing this stuff.
But this is obviously my first year really heavily into college football.
I've been following the Caleb Williams things pretty strong.
I don't think he's going to win the Heisman.
I think Bo's going to outdo him from Oregon.
And a couple other people obviously have chances.
But in general, I think from the beginning, like you said, Expresso,
he's been kind of threatening to stay in college because he's going to make more money
if he doesn't like the team he goes to.
I think this is just him doubling down, trying to get something that obviously he's not worth.
And also, it's not going to happen just based on, I don't know if you saw,
but people are really upset with the Tom Brady deal.
People on the Raiders are trying to give Tom Brady a percentage of the Raiders for, like, $500,000.
And they don't think the equity is worth what his percentage is,
which would actually drop the price of all the different teams.
So, a lot of the different owners are not allowing Tom Brady right now to do that deal
that they're trying to grandfather him in to be a part of the Raiders
because they say it will actually hurt the entire league and how the franchise works.
You're going to have a bunch of ex-NFL players being able to own a percentage of these teams
for little to nothing just because of their name and status on there,
which realistically, like you said, the good old boys club,
that's not anything they want to be about.
And it is kind of giving up control for no reason.
But that's kind of my take on the Caleb Williams thing.
I think he's just trying to make headlines because he knows he's not going to go to the NFL.
Like you said, he's making enough money in the NIL and everything in his Pac-12.
So, I think he's going to stay put.
He's going to be happy and do his thing.
And then he'll try and have to fight Shador for number one next year.
We'll see, baby.
We will see.
I think people are more worried about Tom Brady having stake in the Raiders
and then, like, coming out of retirement and playing.
And, like, I don't know how that, like, how that works.
Like, someone that owns part of a team but has, like, playing for another team.
I don't think that's something that the NFL even wants to dabble in.
That brings a lot of questions.
And, I mean, people are already speculating that the NFL is fixed.
So, to have, like, a player ultimately, like, owning the team but also playing for a team,
you're going to start getting concerns about gambling and, like, if things are rigged and shit like that.
So, I don't think that they even want to dabble down that.
So, we'll go to Uncle.
And Bongo had his hand up and then we'll end.
So, go ahead, Uncle.
Yeah, I just want to get on this last point quickly because you guys just mentioned ownership of players
or celebrities or things.
Like, the MLS has been doing this for the past few years.
They have, like, they get, like, you know, some players like Mark Ingram, James Harden.
I think I forgot which other basketball player.
They got Matthew McConaughey.
They got a lot of people to put in.
They got a lot of people to put in, you know, a few percent, three, four, five percent.
And it's basically a face to the team and it gets people more involved.
And that's the only way I could see any of this happen for, like, Tom Brady or something like that.
Just a minute owner that does nothing.
Just like how Patrick Ben David owns a piece of the Yankees, but he probably doesn't even own a whole percent.
But the NFL doesn't need it.
That's the thing, Uncle.
Like, the MLS needs anyone and everyone that will give them money.
I feel like they're so anti any of that bullshit because, again, it's like buying into an NBA team right now.
Like, think of the Clippers, right?
When the owner had to sell the team because of all the bullshit with his racist stuff.
He had already 10xed his money since he bought that thing.
So, I think the prices of these teams and the deals that they're getting through the different networks for televised things, it's not worth it to them to give it up to somebody anymore because it's literally billions of dollars after, you know, 10 plus years.
100%.
The money pinner, baby.
How do you want to give that up?
It's free money.
Bongo.
In it, honest, I saw you pin up another Daily Alpha thing and it's a football one.
That is dope, bro.
That's crazy.
That's all I wanted to show you.
That's cool.
That is so fucking cool, man.
Thanks for doing that, man.
I want to be using a lot more of these AI-generated things just to market the space and just use it.
Probably won't change the logo unless there's a really fire one, but I love it, man.
This is super cool and I appreciate you doing it.
But we're in the space.
We can get a little segment here going about AI tools mostly because even if space is out there,
whenever they talk about AI, AI is going to take over the world or it's not.
I like to focus on the tools and things that can improve my life and just allow me to do more creative shit.
Yeah, you've been killing it.
Even with your OMB, you're creating content around your OMB.
So that's dope, man.
I think we're going to see a lot more of that.
And shout out to you and appreciate you doing that and taking time out of your day to help support the Daily Alpha and create more brands like that, more logos like that.
What up, Doc?
No, I'm just curious what platform he uses to develop these AI renderings.
Is it like the new rendition of a version of GPT-4 or MidJourney?
That's the new version of GPT-4 and the Dolly integration that they have.
And it's by far the best one because you can talk to – if you use ChatGPT, you can keep talking to it as you talk to it and ask ChatGPT to create art.
You can have a separate chat to create concepts and work through prompts.
So don't be afraid to it.
Just start talking to ChatGPT and you will figure things out.
Oh, wait.
So that's cool.
So it's not like one long text description that gives you the final product.
You can give it feedback and it actually does like revisions of it?
Well, you do have to come in with a prompt, with an individual prompt.
But sometimes you can make just a long test, actually.
Yeah, you can do whatever.
I usually go with a prompt.
And from there, I can talk to it like the ratio, so now change this, change that.
I like this version, things along those lines.
It's pretty fire, actually.
It's pretty fucking dope.
I'm glad that you're doing it for us, man.
Appreciate you.
And that'll do it for the show today.
I appreciate everybody that stayed up here the whole show.
And listeners that stayed for the whole show, you guys are goats.
Appreciate the support.
We'll be back tomorrow.
We run the space 945.
It's about 1230.
We ran a little longer, but we had a good conversation.
So appreciate you guys.
Got Thursday, Friday, Saturday.
So we'll be here for another three shows.
Appreciate you, Doc, for stopping by, staying up here the whole time.
Bongo, Ash, Show Me, Uncle.
See Sam stayed the whole time.
Sean, Shia, Boom, Amiri, Kells, Floor Poppy, Lou, Meta, Bella, Mindless, Minds, Noodle, Axelrod,
Allison, Ron, AJ on Soul, SoCal, Common Code, DeVille, Kdub, Silverhand, all you guys, man.
NFT1.
Appreciate you guys.
You guys are the goats.
You guys are the real supporters.
And I see it.
And I appreciate it.
So we'll be back tomorrow.
I'll leave it here for Chief to end it.
And see you on the timeline.
See you in the spaces.
Peace out.
Yeah, I just appreciate everyone who came up.
Everyone who's contributing.
Everyone's a part of the TDA family.
All the new faces.
All the old faces.
Really means a lot.
And hey, guys, we do this Tuesday through Saturday, 9.45 to about 1 p.m. Central.
It is the TDA, your stay poor.
You guys be safe.
We'll catch you guys tomorrow.
And the stage is always open.
Y'all have a good rest of your day.
All the way.
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