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THE DAILY ALPHAβ»οΈ
Recorded: Aug. 15, 2025 Duration: 1:06:30Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the current market trends, highlighting Bitcoin's volatility, institutional involvement, and the promising launch of Hyperliquid. The conversation also touched on the potential for new token launches and the importance of strategic partnerships in driving growth within the crypto ecosystem.
Full Transcription
Thank you. Welcome back, ladies and gentlemen boys and girls mostly boys how are we doing it's daily alpha
we host the space tuesday through saturday from 11 to 12 we have allison's pinned uh
thread up top of everything we discussed yesterday so if you missed the show
obviously recorded but if you just want to skim through
and see what the topics that we talked about,
there's a thread up top. Obviously,
we would love for you guys to interact
with the space. If that's coming up,
sharing your thoughts, request that, we'd love to
hear you. As long as you're not promoting your own
project, we would love to
hear your views on
what's going on in the space. Obviously, if you're just sitting
down in the crowd,
you can also use that comment button and tag us,
and we can bring up topics or discuss the things that you also want to talk about during the show.
So feel free to interact with us.
Don't be shy.
Don't be intimidated.
We're here trying to interact with the community,
and we'll get it going, obviously.
I mean, Bitcoin, it's in 117, not the greatest.
Ethereum 4465.
Yesterday, we kind of had a little dumpski, obviously, from the good old, I guess it's
just people are pricing in 0.5 basis points to 0.25.
But also we had Mr. Bessett also yesterday discuss how they're going to use, you know, not taxpayer money to basically fund this Bitcoin treasury.
And we dumped again a little bit.
And it just kind of this stuff is already kind of known, kind of reminds me of when we dumped, when everybody knew there was going to be no rate cut in July.
And we kind of like went sideways for a few days and then everybody forgot about that is even FUD like two weeks later, a week later.
So everybody knew it was already priced in that they weren't going to use taxpayer dollars or anything like that to basically buy the strategic reserve.
So to have a dump on that just makes me feel like it's just manipulation to the downside.
Obviously, there's many manipulation to the downside. Obviously, there's manipulation to the upside also.
Everybody loves to talk about manipulation when it goes down.
But I don't want to talk about when it's going up.
But ultimately, when we have this much leverage in the system where retail has access to all this stuff,
there's going to be a lot more volatility.
And it definitely feels like we've been pretty volatile for the past two to three weeks.
You can't catch a day where Bitcoin just goes sideways and Ethereum goes sideways for maybe a week or two.
Like it's up or down $4,000 or $5,000 and people are just like frustrated and not actually knowing which direction we're going.
I think we're going up.
And the crazy thing is, is that like just a little bit of, let's just not say that everybody knows how to do it.
But if you can start doing a little bit of basic charting, I we're moving up and down in just specific ranges right so even if you want to just throw a little bit of bread by its spot
wait till it taps the top of the range boom you're good you know we're not really losing support we're
not breaking the resistance we're just going up and down as the wedge is going so i know that it's
not necessarily easy mode but a lot of this stuff is kind of becoming easy mode, at least for right now, right?
The volatility is what you want. That's how you make your money.
Yeah, obviously. And I think what people kind of get frustrated is that we come back to where we first started.
Like we were at this spot before the breakout when everybody was bullish.
We were breaking 124,000.
Bitcoin hit all-time high just a day ago, two days ago.
And now we're back basically round-tripped everything.
And it just kind of creates this like, man, I'm taking profit next time.
And then the next time you take profit, it goes higher.
And it just like creates this uncertainty in this space where everything feels like the rug is just ready to be pulled back from you and you're basically restart from where you came from before so it's kind of creating
this kind of it's because you got two options right you can trade and and actually trade which
most people aren't going to do that means that sell the the local tops and buy the local bottoms
and and you know be not glued to your shit but aware of your positions and stuff like that.
But most people are, no, I want to hold and then eventually just sell one or two times or sell a
little bit every now and then and be good. Right. It's I think it's a little bit of a different
strategy. And it's right now catered towards one versus the other, you said right and so um as basically um the dca route is
why i was just saying it's probably the easiest thing right if you're not going to sit here and
sell the the rips and the dips because until you can't beat yourself up you're like oh it's going
to keep going or i should have sold but it's like would you have sold and would you have re-bought
lower no i wouldn't so okay cool i'm i'm okay with where i'm at right now you know yeah i just also think um when it comes down to a
lot of this that a lot of our altcoins react to the price action that bitcoin does and you can't
i mean like you said dca in and this stuff but you know obviously when we go up to 124 000 and
ethereum hits 4700 like our altcoins and our meme coins that we're holding are in a tease.
I'll go berserk, too.
And then a few days later, they're all back below entry, the worst than they actually were.
So it's just like everybody just is like, man, like when is this actually going to start?
And like, obviously, this market is more.
It's it's a lot harder to this cycle, obviously.
I mean, but we're also having institutions here so
there's definitely going to be mind games played with the television with the charts with market
makers with people from other countries they're going to manipulate this price to make you and
and the more and more the cycle goes and uh it becomes more and more like hard and it becomes
more and more way they could psyop you out of these out of these positions.
Like when you have BlackRock involved, like we've already seen what was the dump two weeks ago was that Trump basically moved a nuclear submarine into Russian territory.
And we went all the way from one hundred and eighteen thousand all the way down to8,000 all the way down to 112,000. Well, today, Russia and President Trump, Putin, could last up to seven hours.
They're basically going to discuss a cease of this Ukraine war.
People are maybe skeptical if this might be some implications of actually the United States
having to give up some things for this.
But if we basically dumped
based off us moving a submarine,
wouldn't you think that we would basically pump
if there's actually some ceasefire
of this Ukraine war that's been happening
for three to four years?
Or if there's any concessions that come in
and there's some,
like it could even be the other case
where Trump doesn't like the negotiations
and Putin and them become worse
friends. And then this amplifies. So this has happened on a Friday, which makes me a little
scared because Trump, like I said, is very aware. His administration is very aware to if things are
going to amplify to do it when the markets are closed. So this is lasting up to seven hours
from now, which would basically line up when the announcement of this actually coming out
happening right around when market closed.
So this is ultimately probably not going to be a nothing burger.
They're going to come to a deal, and the market pumps after hours,
and then we have a CME gap we have to fill on Monday.
Hooray!
Or there's really bad news, and they become like worse friends,
and this amplifies
and we dump even more after hours.
So these guys know exactly what they're doing.
You'll probably hear this as soon as the market close and the price, this will all be priced
in basically as this goes on.
But I mean, if the nuclear sub fucking a few weeks ago was the reason why we went down,
do you think that a peace deal would make us go up?
I think it would.
And this is something that's been ongoing for four to five years.
So I think this right here is probably something that's going to make the market go up or down
by the end of the day, in my opinion.
I think that's one of the interesting things, I guess, about just the United States as a whole, right?
I mean, we go through these periods of almost exhaustion from just news
and and just world events right the war etc like half of the people i talked to or that we could
probably talk to today dude don't even know that the ukraine shit's still going on that the gaza
shit is still going on you know what i'm saying like let's just be honest they were all upset i
mean and everyone was upset it was a world nothing, I mean, and it's unfortunate to
actually say this, but nothing has actually changed from today than two, three years ago.
Right. Even from the Gaza stuff, there's still bombs. There's still issues with food. There's
still, you know, the back and forth. So it's just one of those things too. It's like,
do people even know that this is still going on? And it's not. They just react to news, right? Oh, the war
is over. And you're like, which one? I don't know. I thought Ukraine war was over a long time ago.
And you're like, oh, yeah, me too. But it's OK. Now it's over now officially. Right. So I think
that that's always an interesting aspect when you follow the news too closely and the news is going hard, right? Oh, the world is
burning this, this, this. We got this. We got now the alien news that we talked about like two weeks
ago is on every headline. Yo, scientists are seeing a probe in November. We're going to be
invaded by aliens. And now no one even remembered that we're in war you know just shit like that so yeah no i i think you know obviously did anybody think that ppi data yesterday was going to tank
the market from all-time highs like a lot of the stuff they want to keep you in like the dark on
and like people will care when the price goes down and not saying that this news actually
makes price go down the whales use this news to create a narrative for to shake us out so so that's more sophisticated than ever and so obviously no one's
pricing this in uh if anything happens and then if something good happens i think that it you know
the market is so liquid and this is the best market in the world because it trades 24 7 that
if a ceasefire actually happens and this comes to an end, a four-year war comes to an end,
after it seemed like it was being amplified two weeks ago, I do think price would go up.
But ultimately, it could result in the other way too.
So just stuff, no one cares until it affects the price.
And no one to think that us basically confirming that inflation was a little worse than it was,
that we still have a 94% chance of a rate cut that we
would go from all-time highs back to $117,000 per Bitcoin. So it's like, oh, damn, I guess we were
pricing in 0.5 instead of 0.25. And oh, Besson said that they're not going to use taxpayer dollars
to pay for the Street Journal Reserve. We knew that already. Oh, but we dumped again. So it's like,
the news, like, you show me price action, I'll show you the fucking news. And so I think
the reason why we went down could be also this could be news to make us go up. And I think that
the fact that this news is going to happen after markets close could make us have this kind of,
I think if there is some ceasefire, make the market go up in my opinion. But Ruto, what's
up, my brother? How we doing?
Thanks for stopping by again.
How we doing this morning, my guy?
What's up, fam?
Just went on my little lunch break, hit the gym, got some Chipotle,
driving back, almost died because there's too many people that live here in Florida now,
and traffic is nonsense on a weekday.
I feel like no one works, so It's cool, man. Everything's
sick. Everything's sick. Prices are
a little bit down right now, but
thankfully, a
vast majority of my bags
are in an asset that refuses
to go down.
I'm chilling, bro.
I'm chilling, dude. I'm big chilling.
I have a long open. I've had a long
open now for
almost two weeks. I'm chilling in dude. I'm big chilling. I have a long open. I've had a long open now for like
almost two weeks. I'm chilling in heavy spot bags. Also longs. I'm chilling, dude. No liquidations,
up only technology. We'd fucking love to see it. I saw that your post yesterday, which shout out
to you, man. You stepped your game up. Your posts are going viral. I don't know if it's the polygon
badge, but I feel like your stories, the things that you're talking about, your narratives is something that a lot of people resonate with.
Kind of said yesterday, which is goals, right?
That this is your best cycle ever.
You feel the most confident ever.
Is it just being in hyper liquid is making you that confident?
Maybe share a little bit of the plays that you're in that's making you this bullish on this cycle, my guy.
making you this bullish on this cycle, my guy.
I think the plays are kind of negligible as far as like,
I think you could take this same mindset
and put it into anything that you have like pretty high conviction on.
I just have learned from a couple of cycles now that,
A, I felt like I was never really,
I never really had a good positioning where,
okay, I have an actual setup. I have an actual plan.
I have actual percentages and where I'm allocated. And not only that, but I am finding out where I
want to be allocated and what percentages based off of deep, deep research that I do. And I'm
just looking for an edge in the market that's not necessarily entirely consensus.
And I feel like that's where you're going to find the most.
Well, you know, we haven't hit alt season and stuff like that.
And in my opinion, we've seen some pretty significant discussion from those with a lot of these different coins.
So I feel like most of the people are saying they're bothered
or just play the market.
They're just a storyline for Robo.
And personally,
I'm not a traditional full-time.
Is he roboting or is it me?
You guys are both driving.
So, yeah, you're roboting a little bit
just because you're driving a little bit.
But I'm understanding what you're saying.
It's just kind of breaking up
as you're talking about it.
So, it's just, you know, obviously you're driving down the highway. Some 5G gets a little bit but i i'm understanding what you're saying is just kind of breaking up as you're talking about it so it's just you know obviously you're driving down the highway some
some 5g gets a little shady but you're good brother it's fine i understand can you can you
hear me out yeah you're fine okay yeah all right cool yeah so basically all that to say is i think
the the thing you can do the most right now to really get ahead is find out what your conviction bets are. Where is there like an
outsized on a misprice in the market and stick to like one or three positions, especially if you are
under five figures or if you're five figures and below, you have to be very, very smart and
cognizant with your capital because there's not so much that you can do. I don't think you should be leverage playing everything to try to get to a six-figure portfolio
or seven-figure portfolio.
I think if you can squeeze out the last couple months of the bull
and you can get a nice 2x on your total port, you're in a good spot, dude.
So that's what I've been doing.
I feel really smart and confident with like my positions,
mainly because if there's a downturn in the market,
I'm positioned to where I'm sleeping good, baby.
I don't give a fuck.
Like I'm in a good spot where I do not care what happens to the market,
but I have a thesis that will play out in the next six months.
And I just feel nice, dude.
It's like the best I've ever felt in a bull market.
Yeah, Hyperliquid is obviously a good play.
Obviously, we talk about it a lot.
I think a lot of, I mean, it's a top 10 coin.
So it's not like it's like sneaking up on anybody, but I mean,
Hyperliquid reached all new all-time highs with 29 billion.
Damn. And 24 hour volume and 7.7 million in 24 hour fees.
I think that maybe they messed this up.
Maybe all-time highs with 29 billion and 24 volume and 29, damn, 29 billion in 24 hours volume. And then 7.7 in 24 hour fees.
That is actually insane, dude. And those are all the buybacks. Ethereum and Hyper,
everyone keeps posting. Ethereum and Hyperliquid together have done over $9 million in revenue and
fees. But in reality, it's like actually like 85% of that was fucking Hyperliquid together have done over nine million dollars in in revenue and fees but in reality it's
like actually like 85 percent of that was fucking hyperliquid dude and the rest was ethereum have
you heard of this hype engine thing yeah yeah i actually been following that it's pretty new right
like not a ton of uh i checked it out went to the website and stuff i don't know for me again
similar to ecosystem plays or tokens um i'm not trying to allocate capital across 20 different dApps or projects.
Like, I have four projects on any ecosystem, like Hyperliquid specifically.
I'm basically only farming or really engaging with four different protocols on Hyperliquid.
So the newer stuff is cool to check out.
I've been doing a lot of, stuff on ventuals so maybe this is alpha for those who are looking to
potentially earn um like tokens or airdrops um a lot of teams have been launching new projects
on top of hyper evm so or builder codes like ventuals is a pre-ipo perps uh market so like the bullish one that just came out like
imagine it two or three x'd um after ipo imagine if you were able to long that um like it's such
an obvious and easy play right so there's they're handing out referral codes too i'll throw some
into the chat for you expresso uh and for like the Foundry fam too, for codes. Also, Liquid,
it's a mobile app, and it is so fucking easy to use, dude. It tells you news. It has like a whole
feed for news that possibly like pump catalysts and tokens, and it allows you to correlate news
drops with longs or shorts if you wanted to. so it's super easy to use you can use have like
solana fartcoin usdc and immediately long or short or whatever things that you want but
all these all these uh projects have points and shit so i'm assuming there's gonna be airdrops
and stuff like that for using this kind of stuff i hope so i i was trying to get a code for that
tri liquid thing a while ago which i heard a lot of people are using. And then the hype engine thing is the first hype accumulation machine. It's the first autonomous
treasury primitive that harnessed hyperliquid full productive capacity and converts into a
perpetually compounding value. So just something that's now, you know, with HIP3 coming out,
you're starting to see people build on top of it. So Hyperliquid's asset fund has acquired $1.2 billion hype on the open market with a 140% return.
That commits 97% of protocol revenue towards a permanent and deflationary bid that continues to accelerate toward a one-port fine annually.
So it's like, hey, that's basically this autonomous thing that does like buys of Hyperliquid and tries to get returns and shit like that so that's hype in are they using are they using builder codes
or hip three hip three damn i hip three my opinion is not priced in dude because there hasn't been
like a really big breakout project that's utilized hip three quite yet for those who don't know
hip three basically allows you to uh leverage umliquid's chain and you create your own perps markets. So it doesn't have to be like longing, you know, crypto, you can have like prediction markets, for example, on chain, but you can have like leverage perps on predictions like you and users who use and build on hip three they're
able to accumulate those fees and then they share those fees with hyperliquid so imagine if you're
able to capture all the fees that hyperliquid does in your own given market like it's such a huge
massive unlock um and on top of that because the way it's built out if you're like a scammer or
bullshit team hyperliquid can choose to like slash all your shit if it's not conducive to like the ecosystem.
So it's pretty dope.
I like that.
So it's like, I got a thread.
It's like the first autonomous treasury printative that turns Hyperliquid growth into perpetually compounding hype value.
So paired with Nest Exchange, the DEX for Hyper EVM, they form a powerful duo.
Nest captures trading fees on hyper evm sending a
a portion of the hype engine for hype buys think of v33 dex mechanics feeding an on-chain micro
strategy like treasury with mega hype tokens for leverage exposure big opportunity hyper evm
expands with hype 3 or hip 3 the flywheel more volume on nest means more hype accumulation
our hip three the flywheel more volume on nest means more hype accumulation and so it's kind of
like a micro strategy meets a compounding uh compound like compounding of this with fees so
it's kind of interesting new dynamic that now you're just starting to see this uh just starting
to like come out seeing like obviously ventral's you're seeing this i found another app today
called like base app which i think is very
similar to uh that liquid one um i was getting some engagement let me see if i could pin it up
for you i think it's just like a uh it's an ios app and you could basically trade buy sell and
spend crypto powered by hyperliquid x backed by hash delphi digital and newman and spartan it looks like it's a uh an ios app that
you can do like trading uh launch pads all kinds of stuff using this based app which isn't you know
based as like base but it's on hyper liquid i'll pin it up if you guys want to look at it
just kind of some new stuff yeah i'll post up dexari too i think they're doing like a private round also right now
uh dexari so it's similar to it's an ios app where you can trade perps and stuff like that
um also have you guys been seeing fucking lambo land and bobby dude with project x they're doing
like 200 000 300 000 in fees every single day My assumption is that if you're generating points on there,
because they've since now become the number one DEX project in all of Hyperliquid, but not only
that, they're a top, I think they're a top 40 in all of crypto now, which is insane by fees.
And in my assumption, I think they're going to be giving away all of those fees to everyone who's
been using their platform. so if you've been farming
points dude um on project x i think it's gonna be pretty lucrative i haven't checked pre-markets
for like what potential points are going to be worth but knowing how lambo land and bobby operate
dude i know it's going to be an absolute absolute so i guess and it's self-funded it's 100 self-funded
up till now so it kind of makes sense, that if they redistribute the fees,
it technically doesn't really tap into them.
While also being able to stay afloat and kind of create kings, right, in champions.
I mean, you need liquidity generated in advance to not only incentivize,
but now you retain some of these people.
Gruto, let me, like, maybe this is a smooth brain question,
but obviously the whole narrative about Hyperliquid is how much I just pinned up like how much volume and how many how much fees they generate. Is this similar to like a vampire attack that Solana goes through where now that you have all these other people basically like you just we just mentioned two projects like they're using fees to generate fees. Does this take the total amount of fees
that Hyperliquid has made
and is kind of taking it away
and now these protocols are kind of vampire attacking
the total fees that they would have if they weren't there?
Or is this something that they just...
I'm just kind of interested
because that was kind of...
Is that a bearish case
that more people are building on Hyperliquid
and then all the fees that were generated
on Hyperliquid beforehand,
now you have people building on it.
Now they're taking the fees that would automatically Hyperliquid would be taking
and now they're like taking it for themselves.
Like, I don't know.
Is that something that's happening here with a lot of these other projects
that are like using fees as like a way to generate token price go up?
So you're thinking about how a lot of like L2s, for example, operate
or projects that build on
like Solana or Ethereum. Most of the dApps on those L2s or L1s or whatever, they're the ones
who capture most of the value. So I definitely see your point. With Hyperliquid, it's definitely
different, mainly because it's, depending on what it is, like if it's builder codes,
let's say you're building a Perpetuals iOS, like Phantom is a good example of this, right? Phantom just did $5 billion in the last
five weeks in Perp's volume. Half of that, half of the volume and fees that they generate from that
goes to Hyperliquid. And it's the same thing with if you're using anything built on top of
builder codes, all the like half of the fees all go back to Hyperliquid. And if you're using HIP3,
a similar situation, half the fees go also back to Hyperliquid. So it's where most chains,
the value capture happens mainly for the DAP itself. With Hyperliquid, no matter what,
the fees will always go back to Hyperliquid, at least a large chunk of those fees.
So if you think about it, it's actually more bullish because you have a broader distribution like jeff the founder of hyperliquid mentioned
he's like we don't want to build internal apps because that we we think people are can do it
better than us so why not just allow people the tools to build stuff that they want and if they generate more distribution
more volume more chain more on-chain activity then that's going to ultimately continue to drive value
all back to hyperliquid and fees that go back into buying the token so it's like a true i know
everyone throws around flywheel all the time but like it's a legitimate actual you know flywheel
that's flywheel is uh you know last
cycle was ponzi um and then this this cycle flywheel is the new buzzword um that we just
disguised to make you know people confused but yeah it's good it's good to know crier what's up
man appreciate you stopping by man yeah you know wow dude how you been i got a tag that ruto jumped
in i was like i'll see what you guys are up to i haven haven't seen you guys in a while. What are you into, brother?
Haven't talked to you in a while.
What's some, I mean, this is an alpha show.
I mean, feel free to talk about some stuff that you're into, bro.
Sure.
I mean, mainly like active stuff.
I've been mainly in abstract for sure.
That's probably my biggest time sink.
Just like most of the time in terms of,
I do like a lot of the memes on abstract
that they've been doing super well over there um and then like alpha wise i've just been uh about
a while back i did like the eth bitcoin trade i've been waiting for that for like a super long time
and now kind of just hanging out i got a lot like, with the passing of the stablecoin stuff,
I did a lot of DeFi, just, like, old-school DeFi buys
and some of the newer stuff.
So I got, like, Aave, Athena, Link, all, like, kind of the big boys
in terms of, like, stuff that's still producing value
and hasn't really gone away.
But, yeah.
NMTs?
NFT-wise, actually I did get β I bought 10 checks extra.
So I had like 30 checks and 30 Opepins because I think those are going to do well.
But mostly like kind of the art
stuff. I got a couple like
or the older like older
art blocks things.
But in terms of like
the new age like new things
I really haven't been doing a lot of the NFT stuff.
I mean I have a couple on abstract but
I don't really like the value prop on a lot of those
just because I think once the XP is kind of distributed
and it's done, which is probably going to be quarter four,
like most of those are going to get destroyed, right?
So, you know, that's their whole prop right now.
It's like, oh, we get XP so you can, you know,
farm the abstrop um so i really think that i and now you get xp a bunch of xp for the memes and they're
more liquid so if if you're if that was your thing then i would definitely go memes first
just because they're more liquid than a lot of the nft, right? Dude, Cryer, I got a question for you, dude.
I bought some abstract memes last night,
just because if you look at all the charts, dude,
they're, like, beautiful.
And they're made.
They're literally, they're, like, the most beautiful charts ever.
Ever.
So, I think...
It's almost like they're all supply-controlled
by a group of 20 people.
Sure. Who cares? Sure. It's amazing people i don't know i mean almost i'm uh i so like i i started i got like as soon as abs came out like
i did like the streaming stuff on there and i like went heavy just because i knew they're i'm
really confident that abs will just be like a super big cook in terms of like value like i think it's
going to be a huge huge one so um and i was just making the bet that it would be so i spent a lot
of time there and then you know you just you get into these couple like all the time that everyone's
getting just absolutely hosed on solana trenches and shit like that like some of these things i
bought and haven't
looked at like legit for like three months and i come back or you know like i like like really like
summer like june july like i didn't do it i didn't do anything really like i was trying to like you
know taking a break and just you know really kind of just not really trading much just because
you know charts are already down there's no reason to do anything but like i made a couple of plays on the thing on uh on memes and you know like poly um abster um gunner uh the newer like a
new one is like s p but all those just just their charts are very very slow growth really you know
like it's more about like it's more like at this
point i think it's more about the chain growing right like a couple people just kind of like
feed in and kind of get some tokens and then kind of just like hang out um because like most of
charts don't really take huge dips and if they do they kind of get eaten up like slowly um and i
think the only one i was down on was that like the Gooner
one but it came back really strong um but yeah I mean I just kind of like spread it out and
but like one of my just like just for fun I started like a $900 wallet like when I first
started just to like see like oh I'm gonna see if i can get like you know stuff from tips and stuff from this
see what happens i didn't get a lot of tips but like now the just because of the memes that that
wallets up to like almost 30 i think it's like 32 000 or something like that just from like
participating which is pretty awesome like i and i don't think and again it wasn't like
trading all the time and doing all this crazy
stuff and hitting super lucky or whatever it was more like oh these are the memes that came out
these are only these are the things that the only things available to buy um and like you know you
buy those and they kind of just rode them up so i think the question we had to cry we're trying to
figure out in the just in general over the past few days we had luca basically was on that live
stream talking about bitcoin and how basically using,
using the NFT to basically do the distribution of the token,
like a minor,
like Bitcoin.
And we're trying to figure out where,
where does the,
where does the value accrual?
Is it in the NFT minor or is it in Bitcoin or is it the meme coin that uses
that as a distribution?
Like where is the most volume?
I'm very deep on Bitcoin.
I started that one, like, super early.
I'm a big...
Every time there's a game Ponzi, I'm always in it because that's, like, my favorite, like, I don't know, thing to play because I've just done them a bunch.
But, yeah, so just give a little backstory on it.
a little backstory on it. Essentially, it's using the exact algorithm essentially for Bitcoin with
the halvings and the reduction in supply. So you started with a large distribution of Bitcoin.
I think they started with 6.25 per block. So it came out in April and it's already had like, so it came out in April and already it's already had two halvenings. So like my original minor was getting like 190 Bitcoin a day. Um, but I didn't
like, I upgraded till the, you know, the, the point of no return of like profits. Like if you,
if I kept locking up, it would just, you know, you wouldn't get any profits. Um, so I didn't
progress very far. I essentially got like midway cause the people buying the top, like the,
the huge miners, you know, they put a huge time, like a huge sink in. And unless you did that,
like day one, you didn't get your capital back. So, um, you know, the, the start of it was crazy.
Like it went from, you know, I started around, around like i think i want to say like 60 cents and it went to 18 dollars like in two weeks or something stupid and then now it went
all the way back down to 20 cents um and i started buying again around a dollar 20 um and i've just
kind of been not selling of any of my mine tokens but like that first having you know the the hash
rate goes up as more of the
larger miners come in right so you my current miner that i didn't upgrade since the beginning
was getting 190 now you're getting 0.5 so the reduction of the the two havings and the next
happening is in like two weeks so again that 0.5 is going to be now 0.25 so the value accrual of big
the velocity of which it's coming out is gonna get it's already
like cooked it's like smoked so my thought process is it's much better to buy the token
and just kind of hold it and like for the trade in my opinion um and that's what i'm doing like
so i i have about like uh i think i have like 38 40 000 big now um and i'm just kind of
chilling on it and it you know it's again it went to like 20 cents but now it's back up to like
i think it hit like $1.30 and with this whole dip right now i think it's like a dollar or
i want to say like $1.8 or $1.10 or something like that so it's definitely performed very well
in a short amount of time but my thought process here is that
it's going to get traction again because
the team is going to start talking about it
the original dev
he was like big
Toshi or whatever he sold
it or like gave the reins
to like
Ford Elon
and EJR and they have been
doing a fantastic job of like changing up
things and keeping it and fun and engaging and they also have like the big pool minor group so
like there's a group of like 800 of us i believe or there's 800 i think there's sorry it's like 500
people but like or maybe even less than that maybe like
250 people i can't remember the exact number of holders but there's they have an nft called big
pool um and we have like i think i want to say 42 of the highest miners so we're probably the
definitely the largest um like minor group um by that by far on that thing but those those are like i want to say i want to say
brown like 0.2 now so like the the so in my opinion if you're going to do the route of like
you want to kind of learn about it and kind of because again like the what you just said they're
going to have like the uh the the merge mining which is the the i i is what I think they're trying to do
overall is make
because there really isn't like a good launch pad
on abstract.
If anything, if I have any complaints
about abstract, it's there's
really no launch pad. The trading
on there is terrible.
Like there's no good bots.
That was actually one of the new ones. There's one called grow that's the the team from clanker is now making a product on abs
and I think splat is going to start making a trading bot on it on abs but
like to EB sevens project EB seven is the big pool one the kind of part of
splat too I thought he's the splatcoin founder with him and Adam Web3.
Oh, I didn't know.
Yeah, I didn't know that.
Yep.
That's good news.
Yeah.
So like those things, like the trading on there is like terrible.
Like the whole experience is like, yeah, really bad on just like swapping really.
on just like swapping really you know what i mean like you just know like for a normal user it's
You know what I mean?
Like for a normal user, it's fine.
fine but like for a power user it's there's nothing good um to to really trade on like
good charts and stuff like that you have to go you know it's mostly like deck screener and crap so
but like yeah the uh so but on the terms of of bitcoin i think buying the token flat out and not
getting into the miners like i would i literally just priced this out the other
day because they they just made the nfts tradable like um i think like a couple days ago i think
monday so um you see a lot of people that have like a huge hugely underwater right because like
again the token went to 18 dollars uh because of super super low supply at the beginning
and now you're you know the supply is around 7 million tokens and there's going to be 21 million
total and again the velocity is slowing down much much faster so like pretty much every
month and a half you get a halving event so i mean it really is going to go down very very quick
so the idea is that once the you already have your established miners and blah, blah, blah, all this stuff, they want to introduce the merge mining, which is tokens could partner with them to get a slow drip to people who are actively participating and growing their minors and stuff like that are very diamond handed in the sense of like they kind of see the value accrual that's happening with the change in team.
Again, like PP, McGee, Luca, they're now starting to talk about it again, which that's a huge-
They called it a billion dollar, they put a billion dollars in it, bro.
They said this is a billionaire idea, this is a billionaire utility idea, I know what's
going to be big on abstract and this is it.
So I'm seeing this coin at $9 million, I'm like, it has a long way to go to a billion.
I still think if people know about it, still if this is if Luca is going to put his money
into it and he's going to talk
about it it's going to go up pretty drastically
so I'm figuring out where do we put our money at
is it in the Bitcoin like is that
just the coin itself and just let it ride
to a billion dollars is that what we're doing here
I really I mean I don't know about a billion dollars
but like you know I mean that's definitely my
I mean that's my second largest position on abs
so you know i mean that's definitely my i mean that's my second largest position on abs um so you know take that with you know how it i that's that's my that's the
one i and i recently added like so like i had about 20 000 um and then like a week ago around
hit around like 60 cents i had another 10 000 and then when it hit a dollar 20 and it came back down to 80 and then
i bought another 10 so again it's it's pretty pretty big for you know in terms of like my
allocation towards it for for abs because the only other big the only other thing else i have more of
is pengu um say that a meme coin wants to use this through that is there some kind of like uh
buyback for the big token that happens like like they haven't really released what their exact mechanism is going to
be but i think what they're going to do or what they're talking about because they they uh ejr and
um uh board elon had the interview with uh eli uh like a week ago and they they actually were
able to kind of give some of the background about
what they're going to do but essentially they're going to go like to the to the already the
products on abstract or whatever they're going to say like hey we'll help you distribute some
of these tokens to people that are actually you know contributing to either your ecosystem you
can you know like like a cross-emotional type deal like we want to either your ecosystem, you can, you know, like, like a cross
emotional type deal, like we want to get people in the big, you want to get people into your, you
know, to your product. So like, it's going to be, you know, either like, here, we're going to,
here's a pool, it's going to be like kite, like kite type, we're like, Oh, here's a pool or bounty.
And instead of like, Oh, we're gonna get this, we're just going to drip tokens to you, because
you're participating or whatever. So that's kind of what they said they didn't again they didn't give a lot of information on it the
i'm kind of speculating that that's going to just be like you can you can like with your miner you
can choose what percentage of mixed mining slash like merge mining that you're going to do
um so like that's my thought process do you want to percent mine big or do you want a 50 50 it? Or do you want a hundred percent mine?
You know, the merge tokens, all these new token launch pads that are coming out. Um, so my
opinion is what I'm going to do is like, again, I don't have really good miners. I didn't really,
I don't like, so I just did calculations recently with the the nfts coming out uh the biggest miner
is like 6 000 big and you were able to get some of them on secondary for like 5 000 big
um and i did the calculations if if the price was going to stay relatively the same which i think it
might for like a little while because again like you know people got super burned on that token um and it's very understandable like people you
know people don't want to go back and do it um but again it's like a new team there's a lot of
new different stuff so you know i if you have if you already did this i would recommend definitely
checking it out but um you know essentially what's going on is it was about 90 days to break even because even just the top miner, you're getting around like 50 tokens a day, which is like 50 bucks.
So with a lot of the Ponzi's, the mechanism of that, they go up crazy because the initial apr is so
high and then it just dies but like if it ever is able to recover you're you're you're now it's like
the apr is gone so it's more like straight up like do i think i can should i burn five thousand
dollars to get 50 bucks a day with you know know, like, let's say it's double,
you know, 200 bucks a day. Then it's, then it's, uh, you know, or sorry, then it's, uh,
a hundred bucks a day or whatever. If it doubles to $2, then it still takes, you know, essentially
like 50 days to get your, uh, your value back. And that's, if you're buying secondary,
like if you're not buying through them. So even if's not then it's like you know it's more like 60 days or do i just hold it hold the token you know and
then you have that you know instantly burn you know that money that can just trade and i'm more
the trade style so um the people who believe like super hardcore and are just like burning money
with the big wells if if
the token does well and it's going to billion obviously they're gonna win right because you
know i'm not getting any drip of tokens besides my like cheapy shit miners that are getting like
you know i think between all all of my miners i probably get like 10 total big a day um and like
the the if you're not getting a big uh the blackwell which is like
the highest miner it's like not everyone else is getting like the the rate of the the hash rate is
like abysmal like you know some of these miners get like 30k and then the big well gets like 2.5
mil so you're like instantly diluted if you're if you're buying the crappy miner so like
my opinion is either join the the mining pool um you know it's not that that much and you know you
get that you know pretty good drip like once a month you get like a couple hundred tokens or
whatever so you know it's and again like they're 50 of it's going towards buying back and growing
the mining pool so you're're going to remain dominant.
And if you want a hands-off approach, that could be a good one.
And it's not like, you know, if you put a Weth in,
you could probably get one for like 0.1, 0.15, probably like that.
So it's not like a huge cost.
And again, I think they will do well because we already, like I said, we already have
like 45 of the big ones where the largest, like the winners keep winning on that. Just how miners
and regular big Bitcoin work too, right? Like there's a couple of miners who dominate the
hash rate. And if you're not in the pool, you're pretty much playing the lotto. So.
I got the perfect guy up here to talk about it. I't know you're this big into it so i guess it's just like a great question to ask basically the expert that's like super funny i
wasn't expecting to even talk about it and i'm just like i was gonna see like hey what's up guys
i haven't talked to you guys in a while and then yeah you know i go that's perfect dude um i think
maybe it'd be interesting that since they are a launch pad if maybe the tokens that use it maybe big coin is like the pair that it's under
so maybe it's like mega mega with big and then like you have to use big to buy the the mining
uh are just the new coin but also maybe it'd be interesting i'm just trying to throw ideas out
yeah it like you mentioned how big went pretty crazy in the very beginning because there wasn't
a lot of supply yeah i would imagine it would go down the same, the same route.
If a new meme coin did it,
would it be like,
would this,
would it have a new meme point using big,
have the same velocity as Bitcoin?
Because there's just not that much supply on.
And like the new coins actually go up in price quicker.
I mean,
100% as soon as the merge mining thing,
like I said,
I don't have very many of the miners,
but like,
I'm definitely switching it to 100 of the
mixed mining right because again the big drop is is almost like you know minuscule now nowadays
right like because again like i was getting like a 200 at one point and now it's down to like 0.5
per miner so again like it got destroyed on like the rate and velocity of what you're getting the
token so yeah i'm definitely switching to um you know 100 of the mixed mining for a for at least
for a while just to see because like you know how it is with all launch pads right like let's let
you know if you bought if you're buying the early and the best like if you just bought everything
off the start of a launch pad you're probably gonna hit something right like
so you know something's gonna hit on those and again it's almost like
now you're not putting you don't have to even put capital in it so you're just going to be getting dripped some of the tokens uh based on your percentage of the total hash rate so
i mean if you if you if you're thinking of the launch pad it might be worth it to get the miners
you're kind of making me think about whether i should just get one of the miners at least now.
Because then I'd be, you know,
essentially I put me down to like 35,000
and then hold, you know, maybe a miner.
Then you get like 50, I might do that.
But I still think the best,
if you're playing them doing it
and like them kind of like, you know, as a as a if it grows the ecosystem is going to grow
then the it's it's most i'm always of like the mind of liquid like where the liquidity is is
the best like there's no liquidity in the miners um tokens the easiest liquidity and you're not
and like and again if you're maybe if you maybe have like a small amount
to allocate um you know i would just go straight token personally but yeah like you said there
could be some crazy stuff with that um in mind so you know i just don't think people are pricing in
the fact that like lucas basically you know basically surrounded this with a circle and
then you have bored elon which is he's massive he's a massive influence
this kind of reminds me not saying like it's equivalent but like when spencer took over
moonbirds i'm like you guys know who fucking spencer is exactly yeah i i didn't buy any but
i'm like you know we talked about that we're like he's gonna crush you know he's just gonna be like
hey all the rich people that i talk to all the time just buy moonbirds and uh we're gonna ride
it back up right so like that was a pretty
good pretty good uh move there but yeah i definitely agree i mean you have the people
that are in it are are big are big people um and again like you can there isn't that many
you know it's still a tiny again it's a crazy tiny ecosystem i think that's what's funny to a lot of
people is they're like oh yeah you know i'm not buying i'm not going to abs it's been it's been there for you know everyone's
talking about it's doing so well blah blah blah it's like the largest token is 40 mil dude like
that's literally like a bad you know that's like a bad pump fun like runner of the week you know
what i mean like that's crazy you know just a little attention a little more like 10 of the week you know what i mean like that's crazy you know just a little attention a little
more like 10 of the more liquidity would pump like the whole ecosystem that's kind of what you've
seen with your portfolio right like the more and more we get closer to it's not about the tge the
more liquidity comes in and the more all it raises all the other other ships for sure what you're
seeing and like again like the the do you want people who are like fighting for their lives in the salon of trenches
all time or do you want people who like have a penguin and are like most likely already got
money you know what i mean like yeah they're just kind of like oh i bought some of this token don't
give a shit if it goes zero or not and i'm just kind of hanging out dude like whatever we're having
fun we're making memes and and the other complaint is, everyone's like, well, these memes are dumb.
Yeah, they are dumb. The same thing happened
to Bass. When we came out, everyone came out to Bass,
the first couple weeks of Bass,
everyone's like, oh yeah, these all
suck, these memes are terrible, they're not funny,
let's leave. And then it's like, okay, well, Toshi
hit a billion or two or whatever,
and then, it's just like,
it doesn't matter which,
you know, what they are. It's it's more like the r is the ecosystem are the people who are in it going to keep
participating are they gonna buy the the winners yes do you think that there's probably some market
makers that are have a huge interest in seeing tokens win on abstract because they're gonna get a huge airdrop from
abstract if it does well yes if that's the case then guess what they're gonna go up and again like
it is it has been this incredibly slow grind um like the charts aren't crazy like they're all just
like slowly growing a little bit and it's also cool to see just like you know all these
ones that i'm in are like oh the high was there were all two mil and now they're all like 10 mil
like that's a huge win and it was like the whole all of them did it like they all went from two
to ten like in the past month so it's pretty wild benefit that there isn't any launch pads over
there or it isn't like there isn't any trading bots bro because like once all that happens it's probably a benefit that there isn't any launch pads over there. Or it isn't like there isn't any trading bots, bro.
Because like once all that happens, it's pretty much the top.
Well, it's just diluted.
We saw that with ordinals, right?
Ordinals back in the day and runes.
Exactly.
I'm not saying runes did well.
But the fact that there was not any infrastructure meant that there was more, there's a more edge.
Once everybody has the tools, the edge is gone.
And then like you talk about there's only a few memes.
Well, that's probably a pro because there's only a few memes well that's probably
a pro because there's less dilution like that's the main fucking gripe on solana is like you get
people diluted by like six yeah yeah exactly so you basically have this like five or ten memes
over here that just continue the cruel value instead of being spread out between 200 memes
exactly they get long and then again soon as the launchpad does, you know, they aren't really like promoting any launchpad, but the launchpad that they are going to promote is going to be hey guess what we're gonna you know we're not
gonna we don't care about tvl we're not gonna do any defy no one's gonna come over here for like
this short quick money and then leave we're if you want to be here you're gonna be here because you
like us you like the products which is gamble fi like i don't i hate all that stuff so i don't do
any of that stuff but like that's what's
popular across the board so like all the products on there are essentially like gamble fi there's a
little bit of gamify but you know it's just like the same stuff that's been around for a while
most of them just are just like you know they just moved to the to abstract because it was the
new chain given the money um but like you know there's all, everything they've done so far
has been kind of like, we're, we're skipping the easy route of trying to build a chain to going
towards, we're just going to slowly accrue people. You know, it's like the opposite of blast, right?
Like everyone's like, Oh, we got this, this, this, we're going to throw our TV. We got the,
we got the, you know, we got all these crazy products coming out blah blah it's got the whole ecosystem and it's just like instantly
collapsed because it was all on on the thought product you know it was all just a roll in from
the blur points right like it was all just built on nothing whereas this is kind of like
oh we we gave everybody our pengu token you get incentivized if you hold pengu or you have a penguin or some
you know access to us that's how you get a higher reward but we're not giving you anything for free
like not even the penguins are getting free shit you know really it's like oh we're you get a 50
bonus on your xp if you're streaming and participating and if you're not you're wasting
that 50 bonus right so like that's a huge huge again i think that's a really
smart move um and you've kind of seen what's happened is like yeah they are their tvl is
up to like 250 or something like mil which again isn't very much but like started at like nine
and there's no defy like if they had defy like that's again one of my other complaints like
there's no d5 for me to do stuff like you know but again i'm not the user they're going after i'm
like you know the the but with the count abstraction you can't really do that you get into a real real
sticky situation yeah when you start going into pools and all that kind of stuff and not having
access to your actual account yeah i mean i i mean you can still i mean i do lp stuff like there with
the meme and stuff like that that's not a problem, you can still... I mean, I do LP stuff there with the memes.
That's not a problem.
And you can also just connect your regular wallet.
You don't have to use the abs wallet.
Well, I've been heavy abstract here.
I mean, I think the last thing,
since you are basically in the trenches,
and you can just give, like,
maybe understand them maybe a little bit more than others,
obviously, Luca has been hinting
at something he acquired. He talked about it on a stream basically that they are on
chain steam and stake and he says there's one more lens that we're going to add here that's
going to basically you'll you'll find out soon which i imagine is the acquisition that he had
people have been saying it's open c people are saying no it's not open c do you do you have a
little maybe hint on what this possibly is talking about?
I don't really know.
I mean, I haven't really thought about what it could be.
Yeah, I don't think it's going to be OpenSea.
Just because why would they?
They're like a tiny team making money.
They're making money again.
So I don't think it's going to be that. i'm not really sure on what it's gonna be but it's okay to say you don't know yeah
it's okay yeah i i don't really throw it in there yeah but uh i haven't been i haven't been
following too much on like i haven't really followed any of his like podcasts really lately
like i didn't i knew he was he previously had said something about how big was going to be huge before
like the,
you know,
the kind of the dev kind of went silent for like a long time.
And it was more like him going silent and like working on stuff.
Cause he did build all this stuff out and then pretty much kind of like sold
it or gave it or whatever turns the reins over to board and um ejr like he like
they have been saying for a very long time that they are like planning on supporting that so like
it has been a long time like again this is all this all stuff happened in like april may
and now it's you know it's for crypto people that's like years um but yeah so it's kind of
more of the uh i yeah i don't know what it's going to be but uh it's kind of more of the...
Yeah, I don't know what it's going to be,
but it's going to be something pretty good because pretty much everything he touches
has pretty much turned to gold so far.
Yeah, you've been early and committed to Luca.
He's rewarded all his participants.
I mean, I think the real community building
actually happens after TGE
because there's a lot of opportunists.
There's a lot of tourists.
They're going to be here to farm XP. Just like we saw in Blast. After Blast had their TGE, there's a lot of opportunists. There's a lot of tourists. They're going to hear the farm XP.
Just like we saw in blast after blast had their TG.
Everybody left.
I really think like,
like bear out here today.
It's just like,
you know,
we got,
we got 5 billion TVO and look at it.
Now it's like obliterated.
And it's like,
you know,
we're super,
super early.
Yeah.
if Lucas,
the money has to go somewhere.
Yeah.
Dude,
that shit is hilarious. The money had to go somewhere. You didn't expect it to stay on chain. Did you? I the money has to go somewhere. Yeah. Yeah. That shit is hilarious.
The money had to go somewhere. You didn't expect it to stay on chain, did you? I didn't expect a
change. I'm just saying it's like people. It's just like the metric. Oh, we got so much money
over here. No, no, no. But I guess the question is, what difference is it than any other pre TG
chain? Doesn't the money get deposited and then removed? Yeah. I mean, that's what like the normal
chain mechanism
is yeah but like again with abstract you didn't really have that wasn't really anything to like
deposit you know what i mean like it wasn't like because it's not live you you're playing with
vaporware it's not live what do you mean it's not live there's no token it's not live yeah
yeah but like the way to farm all the other three ones was depositing just your money.
It's not live.
Yeah.
It's not live.
It's the same thing as Monad.
Monad's great.
How?
But it's not live.
There's no token.
There's no valuation.
There's people.
There's wallets.
Yeah.
It's not live.
Yeah, I mean, Monad's just, like, you're trading test money.
Like, you know, that's different than, like, I mean, the chain is working.
It's just because they're choosing to mint.
That's just because they're choosing to mint on Monad testnet and not on mainnet.
I mean, mega ETH.
So, okay.
So mega ETH, let's go there.
I mean, that's the difference.
We can just go to mega ETH and it's the exact same copy and they're doing everything on mainnet and it's not live yet.
So that's the beauty of all this. It's like, yeah, everything looks good when it's not exact same copy and they're doing everything on mainnet and it's not live yet. So that's the beauty of all this.
It's like, yeah, everything looks good when it's not live.
And then when it goes live...
Yeah, it's going to be the same shit.
I just think there's way less...
I mean, they don't have $5 billion of money
sitting there.
I just think that they've kind of accrued...
So is that more impressive
or less impressive that you couldn't gather
that TVL before you went live?
I guess that that's my next question.
I think it's more impressive because it's not the same farmer as farming the points.
It could be a lot easier to actually get a billion if there's actually DeFi like on Barrett.
But the fact that a lot of the TVL is based off like left curve, left side of the barbell.
Yeah, gambling.
I think that's what struggled why Barrett doesn't catch us.
Yes, they have the DeFi side, but do they have the left side of the barbell,
where it's just degen, culture, and people actually participating?
But you'll never have that.
Think of Polygon.
Well, I'm saying that you have to have both.
I agree.
And I think getting the DeFi side would probably be the easiest side.
I think the culture side is probably one of the hardest ones,
to actually get people like us over there
and actually building stuff
that people actually want to participate in.
I don't know.
Well, no, I'm saying, but look at Polygon.
It's at the same exact spot, right?
It went through this phase of trying,
had the DeFi aspect,
has the highest TVL for stable points.
And yet, I mean, you can't say
that it's a failed chain
because it doesn't have one side of the barbell.
You know, I think that that's just... I get it. I do. side of the barbell just that you know i think
that that's yeah i get it i do i understand i think it's like none of these are failures right
it's just like do you want to have the max velocity of being a top 20 token you're going to have to
have both sides right or you can just be yeah and it's also like perspective aspect because on the
reality of it too it's i mean i can also gauge by the fact that does this mean you couldn't get someone to write you a check because I mean in the investor
world that's what it's about yeah it's about who got the big bigs who got the
big checks behind them and I mean if you can't oh we didn't choose to go that
route did you not choose to go that route or did you not have anybody
willing to write you a big enough check I mean what point of embarrassment are
you trying to avoid either not getting funding or having to deal with funding after it's gone, right? I mean,
I think that it's the duality of the approach of things too, is that it's not as simple as
money in, money out. Look at this. Because in reality, all these things are following the same
process. Pre-TGE, excitement, and then tge gone everything just more or less kind of
con yeah and i don't disagree like i'm like i've said before like on there i don't think there is
any like i don't like gambling so like there is no product for me right like there is no like i
like the defy i like those things so like on that sense i don't think there is any product that's going to be like oh
this is game changing like there is no app there's no killer app on there um you know i'm saying like
i i definitely agree with you on that for sure i like the mini clip approach though i love that
that's a good idea i think the streaming stuff is a good idea. Like, you know, we're seeing like Pump trying to go that route.
They want to pump in the creators and try to, and again, like I think that's an insane industry.
It's a perfect industry ripe for, you know, taking over crypto rails, right?
Like, I mean, Twitch is charging 50%.
But the fees, like, but they do have crazy infrastructure costs, right?
Like, that's one of the
things that you know finn and luca has mentioned multiple times is like we didn't even want that
to be like our product like that was kind of like an afterthought like later on just to have like
some streaming and then like now that they're trying to do it like the infrastructure costs
are like way higher and that's why they can't just allow everyone to go stream because like
it would just cost them so much money to do that and they recently tried to raise
not profitable they said twitch is not even profitable like the reason why
it's it's because the Amazon deal is the reason why exactly twitch even exists
can't even stay it's like a pure yeah it's a pure like sell it like a you know
loss leader but they know, it's driving
up their other revenues through ads through Amazon and shit like that.
So like, yeah, it's completely, uh, I definitely agree there.
So like, yeah, it's not like, they don't want that to be their main product.
But again, I think that is the most interesting product they have.
And I think pump fun sees that is where crypto rails should go.
Right. Like, again, like I i think one that's a good industry to
disrupt like if you do if you are able to get it like past the you know breaks out of just the the
crypto scene or whatever then you could have a good product there like kick you know kick did
you know same thing where like they they targeted more of the stuff that's they're not allowed on
twitch and then now now they're you know siphoning some of their stuff because
they have cheaper fees and stuff like that so like now you see that with like the the crypto
streaming side of it um you know again could even be lower fees because the person who runs the
chain it just has a token and if the token goes up in value then they make their money right so um
i think that's that's a huge could possibly be a huge win right but uh i don't think it's there
or people even want that really you know it's gonna be you know it's a it's a it'd have to hit
like a ton of you know right time luck type things to even get that broken out so again i don't think that's and
i agree with what you're saying right for sure like you know what i was like when i said i'm not
buying the nfts on there because when xp is over those are dead right like same thing with the
memes i guarantee you once the the tg hits like those memes will probably go down as well. Because again, the people that are there just to farm the XP are going to dump.
But I will say that I do think the ABS token will do pretty well.
Because it's just kind of, again, he's kind of building a pretty big vertical situation with a lot of his products.
And again, they keep saying they're going to have a big quarter four.
And I think they'll try to tie it in somewhere.
But yeah, I mean, every time there's a two-token ecosystem, too, it gets really crappy, too.
I was huge on Prime.
And why the fuck do we have a prompt token?
What's the point of that honestly like that thing is there's literally no point like you could have just said that was
worth prime and instead of you know obliterating your token from 29 to a dollar 80 again now you
have two worthless tokens good job so like you know that could be a problem there too so you
know it's it's a it's a constant learning approach to
all this stuff too like it's no one's executing perfectly right like everyone's trying to learn
stuff too yeah so like and i definitely agree with what you're saying of yeah it's pre it's pre-tge
everyone's hyped everyone's excited um but i do i do feel that like the drop will be from like oh we're at 250 and we'll go to like
200 or 150 not from like 5 billion to like you know 100 mil you know what i mean like
lucas done this with like a token so he does he's done with pingu he sees how all this plays out
and he was one of the biggest buyers at the bottom so there's no stopping him with big
investors and big VCs involved,
possibly some market makers.
So once this kind of,
this abstract token comes out and it dumps and they give it two to three
months that there isn't a massive buying spree here.
And sometime I think the best product market fit from is actually the
streaming dude.
It came out and like,
they didn't mean it.
And now you see all the biggest,
basically platforms from arena,
the pump.fund,
possibly bunk.fund doing streaming. And then you can definitely the biggest, basically, platforms from Arena, the Pump.Fun, possibly Bonk.Fun doing streaming.
And then you can definitely, like, onboard people that big.
