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THE DAILY ALPHAβ»οΈ
Recorded: Aug. 29, 2025 Duration: 1:18:10Space Recording
Full Transcription
Thank you. Howdy! How's it going?
It's Friday. Thank God it's Friday. Thank God it's the last Friday of August.
We appreciate y'all stopping by the show.
Post to Space Tuesday through Saturday from 11 to 12.
It is Friday, like I said, August 29th, 2025.
We are going into an extended Labor Day weekend here in the North American continent
of the United States. This is the week where we don't show up on Mondays and Wall Street doesn't
show up either. And they're like, well, if I'm going to go on a yacht, I don't want to be managing
positions. So I'm just going to fucking sell all my shit today and come back on Tuesday and buy it lower.
And so kind of seeing a little bit of a sell off.
We're at $108K on Bitcoin.
Yo, just sorry to cut you off, but just thinking about that too.
World Liberty Finance goes live on Labor Day, bro.
Perfect. Perfect time.
Once again, like only retail is mainly participating.
All the people from Wall Street are just out and about.
The irony.
Yeah.
I mean, the Trumps are all in this bitch, man.
They got mining companies.
They got cryptos.
I mean, if we got another three years of this, I would just imagine how much they push this shit when they have.
Like, they're pretty much fully allocated to every sector of fucking crypto at this point.
So, bags are packed for the Trumps.
Now, how much
are they going to push the price uh for us and i would imagine the next three years they probably
do and so you got a lot of people suggesting that we're going to a million dollar bitcoin i don't
know if that happens in his turn but definitely interesting to kind of see that happening but
obviously the bitcoin price is what everybody's looking at 108. I think we have to close above $109K by the week, end of week, by Sunday.
And I don't know if that actually happens, just because there is no pre-market open on Monday.
So I think $109K is something that everybody's looking at.
If we can't hold above that by the end of the week, it looks like we're going down to $105K or maybe even $98K,
which I don't even see that happening but uh obviously if you're looking at the bitcoin fear and greed index
we're at neutral we're up three percent from yesterday that's what i've been looking at man
like we're kind of in no man's land there's not enough fear and there's not enough greed and
typically it sways in one direction you very rarely do you see it sitting at neutral for very
long until there's some kind of fear effect or greed effect. And obviously, if you look at the two-week bulger
bands, they're super tight. And so volatility is upon us. I don't know if we just entered the
volatility or we have more volatility, but I'm expecting some kind of switch here probably in
the next week to turn us greedy again or fearful again. My bet is down to $105K, open up on Tuesday,
and then maybe we bounce from there and it's up only into October. Obviously, there's a lot of
positive things going in this space. But right now, I mean, Friday, last Friday of the month,
expirations are due. So the market loves to give us like max pain on that. I think we have,
I think it's like a billion dollars on each side
of ETH and Bitcoin for expirations. Let me see real quick. I had it on my on-chain bookmarks.
Yes, expirations for BTC and ETH, 11 billion in BTC options and 3 billion in ETH options.
Open interest value for BTC is 112K and 4,500 for ETH. We are definitely
going higher. Well, this guy says we're going higher. So I guess we're a little past Max Payne
here. They're pushing this down, suppress this. It has a lot to do obviously today with the stock
market. If you go look at the stock market, it's pretty much leading to everything else selling
off in the space. Other than like Sol looks pretty healthy. Pump Fund looks pretty healthy.
The Sol ecosystem looks pretty healthy.
In general, we talked about this yesterday
with a lot of upcoming jam-packed,
you know, things happening.
You have Sol Treasuries being announced yesterday.
One of the biggest ones, Sharps,
basically announced another $400 million
they're gonna raise.
It's gonna put their Sol Treasury above a billion.
So you have Pantera, you got Multicoincoin capital and then obviously we talked about the etfs that are
deadlines uh in october uh 10th so you got a lot of stuff lining up for soul uh pump fun looks nice
they're buying like using 95 of all the revenue daily to buy back their token i think they own
four percent of the supply already so i mean hyper liquid does 50 these motherfuckers using 95 of the revenue daily to
buy back the shit at this pace they're gonna buy back their whole supply by the end of fucking
september but yeah just look i mean i think seoul it's kind of lined up nicely here showing some
strength ethereum seems a little bit priced in in my opinion and uh yeah man and obviously we had that uh that bitcoin whale that the charts up
uh earlier this week he's back bro he's back the bitcoin ij who bought 640 000 each 2.94 billion
is back after a two-day break from buying ETH, he just deposited number 1,000 Bitcoin,
which is $180 million,
to Hyperliquid selling it and buying ETH spot.
So the guy has just continued to unload his BTC bags
that he basically got back in 2017.
He's unloading it.
We saw what he unloaded, like $2 billion fucking the other day,
and that's what makes us go down from $114 to $110,
like in a flash crash
this guy's fucking selling more bitcoin not as much 108 million buying eth and uh from my
understanding the last time he did this which was that day he uh converted his big to eat he staked
it in the validator so a lot of converting into bitcoin i think we still have that eth run right
i mean we talked about that that's traditionally right before we actually have a massive alt season and i mean we saw a glimpse of eth running and
yeah you had that that actual kind of i guess not a glimpse right we had a pretty fucking decent
what 1500 run 1600 run retrace broke through all-time high but it's like in that sense of was that it right was that
the whole eth run because that seems like it's great but that only occurred in the period of a
week bro right i mean which is crazy to even think about too is that that whole eth reversal
was a week and a week and a half it wasn't like oh the chart had been
preparating for this and all that i mean mean, we started seeing SBET go in.
We didn't have that much motion yet, right?
And then, boom, all of a sudden, the idea of rate cuts and that dovish Powell comments, right, just instantly started cooking ETH up.
And then we moved that $1,500, $1,600.
So, I think that ETH still has moved to run right i mean ideally
what was the bet you thought it would go to like over six or seven k this cycle right yeah i said
seven like eight eight eight eight was yeah i don't it hasn't even hit my target which was
hella conservative of like 58 which i still think that we're gonna go back re-tap all-time high
confirm that right i mean it's needed as a confirmation for the chart alone uh and then solidify price discovery into setting up a new
support above etc right so i'm not i'm not that's probably why homie's rotating uh in that sense of
trying to capture this upside while also setting up a validator i mean you can't really beat that
because you capture the upside in fees as it starts to rotate too so i just think this guy's maybe a long-term i mean he's been
holding this position since 2017 and maybe he says okay for the next five years i want to hold
ethereum as wall street is deeming this their bitcoin and so maybe this is just him converting
after holding it for eight years and actually getting into his next eight-year position which
i mean there's obviously effects and ripples when whales do this but I mean different strategies
right because I mean like you see bread I don't know if you've watched bread's comments on Bitcoin
and the fact of its lack of I guess composability is a good word to use right or or use case besides
the naturally let's just acquire it and hold it.
Is it gonna get to a point where just the maintenance
of the chain without any other use,
besides just keeping the price up,
is gonna be the only thing that's going, right?
And then if that's the case,
are governments then just gonna have to step up
and be the ones running the nodes
and providing the energy to keep it going
versus these
chains that have um i guess quote unquote product market fit or use cases in the world right solving
d5 solving rwas or anything like that will those outpace bitcoin going forward just due to the fact
that they can be used as parts right into growing society growing tech etc etc yeah i mean i think with
the whole e thing has actually been running before i think it was june i think we were discussing how
blackrock was the first time converting their bitcoin into eth before the stablecoin bill
and so it was like right around the circle ipo you started seeing blackrock accumulating more
eth and btc through their ETFs and shit and then
obviously it's gone up from there I forget what it was like below 3,000 and then we had the stable
coin bill that basically legitimized ETH because a lot of stable coins are built on ETH and then
we had the DAT announcements Tom Lee becoming Michael Saylor and it's a short squeeze all-time
low of available Ethereum on exchanges as well similar to what was going on
with bitcoin when kind of trump was starting to take office and bitcoin became cool again
um same thing's happening with these right all-time low of available eth on exchanges more
people converting to validators are holding spot so yeah i just see soul kind of now in like the
eth june part where you have DATs being basically announced.
You have Sharps, you're at multi-coin capital, and you're going to have Pantera all launching
$1 billion DATs. And then you're having ETFs basically being announced in October. So I see
like the rotation from Wall Street into Solana. And not saying that ETH won't go up. I mean,
when we're going this conversion from Bitcoin to Ethereum, Bitcoin is also hitting all-time highs. It's just, I see the better
capture and better return on investment is actually what we do. We just go down the risk curve,
and now they're moving from ETH into Solana. And it takes a lot less money to move that market cap
because it's a less market cap. So it takes less money to move it higher. And you just kind of see that conversion. I mean, Seoul sitting like pretty decent today. I was showing you,
uh, Tom Lee stock is like down 5% on the week while the sharps ones up, you know, 10% on the
week. So definitely see the conversion, you know, of, you know, wall street going into Seoul.
Doesn't mean that ETH won't go up either, but I definitely see it having a higher ROI
in the next month or two
with just kind of some things leading up to it.
So that's a little bit, you know,
obviously today, a lot of gloom, a lot of week,
just this week in general.
It's been kind of wonky in general,
but like, obviously we have a Monday off,
Labor Day weekend, stock market's gonna be off.
And I would imagine people are gonna get back
to their computers and that kind of shit. And, you know, we'll probably start this bull market off
Starting at the middle of this month right during the first rate cut which is less than two to three weeks away
So a lot to look forward to
Hopefully this isn't the end people are you know, hedging their bets
This is the end of the bull market or we're going parabolic in the next 36 months
So no one really knows where we're at we're at neutral fear and greed we're at the same spot we're at last week y'all some
fucking go find hobby motherfuckers bro ain't nothing changed besides just a weekend and a
holiday you know like i don't know i don't see the sentiment shift as fast as i guess uh maybe
you do from different people but nothing's's different bro. It's still the same shit
The chart orders the child this is a chart orders man. They're like they're drawing the lines
Yeah, draw lines on a fucking four-hour chart
Then you clowns like get away from the one minute the one hour the fucking 15 minute charts like the hour the four-hour chart looks great
Anyway, um, I was just gonna say on that note
something to put up oh oh what's up chris too but uh something to put up there um
when it comes down to like this changing in adoption right once again we're starting to see
the the quote unquote i guess you'd call it top signals uh we're still we saw what big sean
telling everybody at a concert to go out
and buy crypto he promised everyone I mean I wonder if he's gonna get in
trouble for that bro he literally said that at this point anyone can buy it and
you'll get a return of investment right on a stage and shit you know but yeah
we would but anyway you're starting to see signals like that right another one
that I saw this morning Gucci is now accepting payments in all cryptocurrencies.
Well, not all currencies, but in cryptocurrencies.
The ones included are ETH and Dogecoin.
Not Bitcoin, right?
But ETH and Dogecoin at select US retailers.
Awesome. select us retailers awesome yeah we're seeing the you know obviously the conversion of all these
cryptos now being able to you know be converted and actually purchase it in real life um so that's
bullish and then yesterday i was talking about how i saw link was kind of unorganically going up
and there's been rumors like oh it's because of the government the government this and that
and then yesterday caliber which was my was my suggestion what why it was going up arizona-based real estate agent
management firm the first publicly traded company to start a link treasury and then after this was
announced fucking link is down only so obviously there was some insider information going on here
on top of you know they had a nice little pump with the integration of link into whatever the
government's doing with it so yeah but you know you bought the top you bought the
top but i mean this stuff goes up for a reason and it's lots to do with like people know that
these treasuries are being adopted which for long-term effects is going to be good because
now that you know wall street has access to chain link as a proxy and there's probably you know
100 000 x more people that have access to the wall as a proxy and there's probably you know 100 000 x more people
that have access to the wall street and wall street money than actually crypto so over time
this is big this is like the binance moment for meme coins but with big large caps like now you're
getting listed basically on wall street that has a you know a thousand x more capital to invest
into these and use like chain link and this company as a proxy so good big big news for
them i i mean i've seen suey ones i've seen ton ones i think there's a doge every coin bro hi
pretty much pretty much if you don't have one you're basically falling behind so what the fuck
are you doing right so it's like you're not listed on finance bro like what what is your bd doing so
like if you're not listed on wall street or have some fucking company adding you as a treasury you're pretty much a fucking retarded ass coin that has no liquidity
and has no motion so i would expect there to be more of these you just go down the list you'll
probably see a polka dot one probably see a polygon one you're probably going to start seeing
all these coins and then obviously maybe even a pingu one which is uh kind of suggested that
they're going to get etf i wouldn't be surprised if there's some kind of company that launches their own pingu fucking digital
asset treasury because lucas trying to ipo bro lucas is trying to ipo pudgy penguins in the next
two to three years so he's for real he's for real he's fucking he's like this is a legit brand
i fucking have escaped web 3 and i am Web2 trying to onboard motherfuckers.
And that's what's ultimately going on here, guys.
Like the past few cycles, we were basically just trying to advertise to people in Web3.
And we've hit a stalemate.
Like you just can't like a lot of these chains that are launching.
You just can't say, OK, Web3, buy my product.
At this point, you got to start fucking venturing out into web two and
actually getting real use case and real people using your blockchain and using your technology
and using your ip to actually make it in this space now with all these big institutional
fucking brands and banks launching their own blockchains like if you don't have web two
presence you're gonna be fucking slaughtered and uh it's we're done trying to convince web
three to buy our products.
We've all been here.
We don't fall for the magic trick anymore.
Now you have to go out on Web2 and actually have product market fit
and actually have real adoption to actually push these coins
and push this technology higher.
So that's where we're at, bro.
That's the writings on the wall.
Go out, convince Web2 people that this blockchain technology
or this use case for crypto is
better than what you're using. And then you see, and you obviously polymarket leading the way,
you see courtyard leading the way, you see pudgy penguins leading the way as like IP that, you
know, right, you know, translates into Web2. And that's kind of where you're going to start seeing
more companies do is like, all right, I'm done with these fucking degenerates. I'm going to start
trying to focus on trying to onboard people with onboard people with some product market fit or some use case that's better than here than in there.
So, yeah.
I mean, Chris, you're up here, bro.
Appreciate you stopping by.
You never sleep, obviously.
I mean, you're on space until 1 o'clock, and then you're up here on our space.
So, how are we doing, Chris?
How are we feeling?
Feeling great, as always, my brother.
Good.
I mean, obviously, we know what you're into.
And let's just take that little hat off for a while.
How are you just feeling in general about the market?
How are you feeling about just crypto?
I know you see all these stories.
We rarely get the abstract hat off you anymore.
And just like how Chris is feeling about markets, how he's feeling about adoption.
Are we in a bull market still?
Are we in a bear market?
Where do you kind of see where we're at right now, brother?
I don't see really new people coming.
It's just the rich people like sweeping up legacy things and like you said, consolidating into like actual builders and products.
I guess we've been in a bull market, or something like it.
The last bull market, we actually had data showing people were coming.
This time, there isn't really any noise about it.
But the trend is starting where people are starting to show,
like, oh, people are Googling crypto again, pulling up the trends.
They have spiked. NFC trends have spiked.
People are asking about
again but they haven't like come in yet so i'm wondering what will be the the defining moment
to like actually bring people in yeah do we think that crypto isn't like like everybody's had an
experience in crypto it's not like in 2021 right oh yeah fucking crypto i think everybody is pretty
aware of crypto and pretty much they're i'm not saying like there's not absol in 2021, we're like, oh, yeah, fucking crypto. I think everybody is pretty aware of crypto.
And pretty much they're, I'm not saying like, there's not absolutes in the space, right?
Like nothing's absolute in the world.
But I think probably 98%, maybe I'm a little bearish, think that crypto is a scam, right?
Like they don't think it's legitimate.
They think there's some kind of fugazi going on here.
And I think that's what's kind of holding them back is because they've
had an experience with crypto already and it wasn't desirable. So like we have to convince
them like, all right, I think card collecting is a great example that is way better in Web3 than
Web2. You know, prediction markets feel like it, you don't have to have Web3 rails. You could do
that regular. NFTs, I don't't know digital collectibles feel better than regular
collectibles and then like trading like having your coins not locked up or being able to trade
24 7 like perp trading feels like it's better than traditional trading so and all those things
you do alone right and and the alone aspect which is what personified and really set the fire to the
last cycle was due to COVID and the fact that people
are alone. When you come down to digital collectibles, ripping cards, Pokemon, all that
stuff. Yeah, of course, having it on the internet. And if my house burns down or if anything happens,
it's there forever. It's worth whatever. It's at the PSA vault, of course. But I mean, once again,
I'm alone. Like I sit here and I go rip open the claw or I play Beezy.
And it's just me clicking two buttons and I get a claw and I get a card or I don't.
Like, yeah, that's cool.
But once again, I'm alone.
Versus if I spend those same 50 bucks at Target, grab a pack of Pokemon cards, I can go with my wife.
Right?
I can go with my nephew.
I can sit down and now interact with people.
You go to a card show and
you see hundreds of other like-minded people talking about the same shit and you don't feel
alone. I think that that element of being alone in what was COVID led into people looking for
community. And then now that they found community, they don't want to go back to just single hey be alone activities right and i think that that's one of the bigger differences too in
this onboarding of the masses so to speak is that what is fun this time i mean last time you had
dookie run right or is that what it's yeah dookie run i mean that was the talk dookie dash there you
go yeah it was the talk of the town i mean it was broke through social media metrics. It had people from different sectors talking about it
Yeah, it was crypto but it was a game crypto was just a prize money
It was one of those you want to play a game. Yeah, there's a million dollars on the line. Oh, that's dope
Oh, yeah, they just pay you in crypto. No one cares how you get paid if you give them
I mean no one knows how you get paid in the lottery
They just know that you're gonna get that that $12 billion some way, somehow.
Right.
So I think that that aspect too, I mean, we've talked about is missing.
There, there isn't been a dookie dash or a step in, right.
Or any of those major moments to onboard the masses.
And I think that that's the biggest issue.
Not so much that everyone has this skeptical idea because they do.
But if you say, Hey, there's a game you can play for a million dollars i mean crypto is just going to be okay
cool crypto gaming i think gaming is probably one of the most downtrodden thing that everybody's
giving up for that probably has the best use case to bring new people in you just saw pudgy party
went live today and obviously the strength of web 3 dude i played that last night did you
no i'm just saying like the financial like underlaying
of web 3 always gives good like results on like downloads and engagement and shit so
well yeah that's that's talking about that real quick it's uh you should download it x everyone
should download it if you had you you got a soul bound token for pre-downloading or having the game to download today right day one of release do you guys um like because i was before nfts like before the nfts thing like started and the
run started like when we got here or when i got here um i remember before the nft run like sandbox
decentraland and things like that were the meta like metaverse was the meta before nfts
because i was trading metaverse stuff in January of that,
like the year before NFTs, I think it was like 2021.
And I didn't get into NFTs until like maybe that summer
or like a little bit after December.
I had, I'm seeing people fucking rip open
or talk about base seed pumping.
And then I think January,
Azuki was about to,
like that following January after that summer,
Azuki was about to reveal.
So I think that's what I'm looking for.
I'm looking,
maybe we're in it right now because people are,
are investing in builders and legit things.
Maybe this is that point in time we're at again.
Maybe right now is that metaverse moment.
And then the big thing will
come like we're literally in that point it's about to be after summer like there's something about to
in my opinion about to happen that will tell us like will we get like another year or two of like
euphoria or like will things just stabilize and we're just like stuck here every day like how
we've been here for like the last two years covering shit chris do you think that maybe the metaverse and nft run was done by just a covid dystopian future
that we're going to be locked up in our houses with diseases all around us killing us for the
next five years and maybe it was like okay i could see us people were just lonely bro that was so
dark you went like it's like the narrative the speculative narrative thing though like damn we're
gonna be stuck in the house a lot so we we're going to we need somewhere to hang out.
So something like that is happening now all across America and the world, like wars have seen more.
People are starting to get sick.
They're like here in D.C. like we got the National Guard every day for like the last few weeks.
And it looks like they might be here longer.
Like they're doing they're going to be doing this to other states.
People are going to start staying in a house again because they don't want to go out out and like this is crazy out there if like you get into it with what's going
on so like more people are staying home um there's a report saying that reservations on open table
went down like 30 40 restaurants are already like fuck what are we gonna do like we needed that now
ice is out there getting rounding people up so business and people aren't drinking like drinking culture is
down since it's the lowest since the 30s bro no one's even going out like people aren't trying
to be up anymore you know so they're doing i mean healthy people things i quit at the beginning of
january when the ball dropped i had my last shot i don't know if i'm ever drinking again but like
it changed my life like uh yeah no i'm saying like a lot of people this this is not normal like well it's not
that it's not normal it's just less a lot less common to go out to a bar have like people would
rather do regular outdoor like right i'm seeing bike clubs running clubs like all the like random
life maxing stuff you know which is great i i think like what we're experiencing here in
in america doesn't hold as much as a worldwide pandemic where the whole world was locked down.
And then that feeling is a lot more legitimate because everybody thinks that instead of just having these segregated experiences within the United States.
Like it's not a worldwide, like people are still out doing shit.
And I think when we were in that dystopian kind of world people thought that we're
gonna be locked in forever and that's why people were attracted to digital identity because we're
on zoom more that's why people are attracted to the metaverse because i'm never gonna be able to
go to a concert anymore so snoop dogg's playing a concert oh there's a fucking travis scott concert
in fortnight that's lit because now we can't go out so i think that's literally why people spend
millions of dollars to live next to snoop bro They swore on their mother's life that they were going to wake up in the morning and be like,
Yo, I'm going to hop in my computer and look over and Snoop's going to be at his computer on his patio too.
And we're just going to be like, yo, what's up?
Like, they swore that's how it's going to be.
So what's the product that gets retail excited?
Like, seriously, like, it has to be gaming.
It's so simple we already seen the
adoption of fortnite skins and all this go for ballistic amounts of money it's a piece of here
in web 3 like it's not gonna happen there's gonna be nobody in web 3 that could push a game to web
2 adoption it's probably gonna be cs go people creating their own blockchain and being able to
trade that it's starting from ground zero bro just go look at gigaverse this has created something that's nostalgic and uh he has successfully
created the model everyone was looking for um i'm sure like the game has been evolving since day one
the first iteration was like a rock paper scissor game and that's all you could do now you can walk
around uh craft things collect items buy upgrades in the game that
you need cosmetics like they've done it they've achieved what you what you just said now is going
to be people trying to uh they're most likely they are selling their tech probably that's probably
like the next move they're moving into like a revenue generating mode and uh they're probably
gonna proprietary tech they're probably gonna sell that tech, they're probably going to sell that shit
so other people can start using
the blueprint to create the future games.
These guys have done it. They did it already.
If no one's paying attention, they're single-handedly
reviving games with abstract.
People are coming over and generating
revenue in the product market fit.
If you go look it up,
I forgot who posted it, but someone posted
that gaming stats are coming back and everyone's asking like should they go to
abstract or something like that then luca was calling abstract the on-chain steam and so if
luca can bring in web2 people for whom his ip and then have some kind of qr code that they create an
abstract wallet that they can claim tokens now they got skin in the game with abstract and then maybe they start using those tokens as well like how these other
stuff use it it doesn't even need qr code you can literally create your global water wallet with an
email so that's just going to be seamlessly integrated into other games or future future
things that drop so there's growth i'm so fucking abstract killed like i understood what luca was
doing the moment like
this thing was going down that's why i pivoted and moved away because uh yes there's other chains
but i think he's gonna make it like he's gonna like dominate this shit bro like all these other
chains they come and build stuff but like they go down all of them are down financial underlying
in all the games is one of the bigger issues, though, right?
I mean, as someone, I mean, I'm a gamer.
I've gamed my whole life.
Hours, hours, right?
Years.
The fact that there's always a financial incentive, it classifies abstract and it makes people assume that it's casino based, right?
And I think that that's one of the issues is that there's only one type of game.
There's only one type of game. There's only one style of game. It's you have to put money up and there's an underlying financial incentive.
I mean, that's, I think, the only crutch because you can't hop on and play a counter strike or something hyper casual on there without there being some type of crypto rails or financial underlying.
And if there isn't,
then how is that team surviving in a crypto market, right? They had to have come over with
a massive war chest. So I think that that's the only underlying issue is that there is no free
to play, right? I mean, there's free one time, free chance, you get a free spin but free to play doesn't necessarily live or can live on abstract
the way it's set up and i think that i think they'll switch it up though they first they got
a all of this stuff is so that they can show the next round of investors because i think they're
supposed to be raising more money like if they can show that they got results on paper like this is
generating this amount this is generating this amount this is generating this amount this is generating this amount this has successfully launched and is doing well still doing well
months later they're just you know they're just like hooking up the numbers right now because
like like they could go hire coals and do the crime shit but like they're really trying to
like generate numbers to give to investors and like smart money like yo this is what we did
the last seven eight months i'm like we want this
money from you guys type shit i think the trend obviously you have seen is getting access to wall
street capital you've seen like bitcoin ethereum we just mentioned all the treasuries now getting
dats on wall street like access to that liquidity right like web 2 web 3 liquidity there's a lot
here don't get me wrong but we're like the goal is to get web three liquidity. There's a lot here. Don't get me wrong, but we're like, the goal is to get web two liquidity. Cause it's way more. It's a thousand
X more than here. And I think what the a hundred X opportunity is obviously web three is JV ball
fucking web to wall street. That's the big leagues. And like you just mentioned,
Luko's trying to IPO. And like, I think what happens here is we're on the cutting edge
and the ground floor of the next
wave of big brands that are going to peripolate through into web 2 like pudgy penguins might be
labubu in five to ten years and if they IPO we have seen it for 10 plus years and what I think
the opportunity here is the web 3 technology that lets you speculate on this while it is pre-IPO
and so just imagine like Ventuals,
you're seeing these pop up your prediction markets
where I can bet on the IPO price of Pudgy Penguins,
where I can 10X leverage Pudgy Penguins
because I know who Luka is.
A lot of these Web2 motherfuckers
don't know who the fuck Luka is.
So the fact that you could use Web2 technology
to put a 10X leverage long as soon as Luka IPOs, I think
that is the 100x opportunity that will give us the opportunity to invest into things that
we've seen for the past five to 10 years.
It's not like we're going to have some Web3 brand that's going to 150x from here.
It's that their fact that they're going to move into Web2 and actually build a business
and be traded on the stock market and we can use crypto rails to leverage that exposure and
leverage that attention uh by you know you know speculating on before it actually ipo so i feel
like that's maybe where the 100x opportunity is actually using these there's going to be very
so very few companies that go public bro i mean that's that's such a a i mean that's more of a pipe
dream if you want to be honest with just the way that all these companies are set up we've had
circle which is one that came from crypto obviously pudgy penguin that's a stable coin i mean you i
get it i get who else is even in the reins that you could put a market polymarket courtyard like
these are all things that have crazy use here.
And once Web2 finds out about it,
they're going to be crazy evaluations, I feel like,
because there isn't anything to actually value it at. But how does that connect back to you as a Polymarket user?
That's my whole point in this,
is that this is not a play for us as the participants.
I mean, we were just the paid test group.
Paid test group gets paid for testing and that's it.
Thank you very much.
I'll see you in Wall Street.
I mean, the reality is, is if that's the trajectory of this, right,
it's only going to get faster and accelerate to the fact that they realize
that they don't need this Web3.
And that's where I'm confused is most of these companies,
yeah, we saw the ones that came from Web2 that couldn't make it out there use web 3 for funding
But in reality there's certain culture and rails that set up that are web 3 and only web 3
And that I don't think we'll ever go the public route because it changed it locks your hands like you can't do specific things
So that's why I don't think it's applicable for every company
It's not very few will follow the pudgy pathway. This is my last thing about the abstract stuff.
I know they said they're dropping an iOS app.
I think that's going to be a big thing.
From what I saw, rumors, you'll be able to just use Apple Pay to fund your wallet.
So that's going to be huge.
Unless you can do that already.
I don't even know.
I don't even check any of the updates anymore just because I don't care about that stuff.
I'm already in and I don't have to add more money but like the future people it'll just be
easier to apple pay straight into your engw wallet and uh i think where they're gonna capture people
is all these badges so like there's a lot of free things you can do to get badges sometimes or like
it's cheap like five dollars to mint something and you get a badge and xp so these
are all pre-ip these are all pre-tge things right chris i mean like let's be honest i don't know
we've seen oh yeah who knows when they're gonna do all this stuff they just been talking about it
but yeah pre-ip no i mean badges are used for pre-tge xp is used for pre-tge there is no active
token that represents abstract yet there's the hope of a token. Remember, though, that XP is still going to be a thing after post-CG,
so it's not going to end.
I mean, so was Blurgold.
It's a thing today.
And it didn't end after Blur dropped Blurgold, and here we are.
Right?
I mean, once again, I'm just trying to be objective.
Huh?
That's Pac-Man fault, though, for fumbling whatever he did along the way.
Hopefully. We've seen Hyperliqu liquid do multiple seasons of airdrops so it's not like it's like it's all in
one like just be the first abstract airdrop doesn't mean there won't be multiple right so like maybe
the xp continues to run and it becomes wave two just like we saw blur had two to three waves of
crates that uh you know made airdrops so yeah that's what I'm saying I'm not doubting any of that will happen my point is is that once again there is no underlying
token that evaluates an ecosystem yet there's speculation and there's
different tokens associated with the ecosystem that do right and we've seen
it all the time and I'm just that's the one thing that to me it's you got to be
objective about that these are retention models right I mean I'm just that's the one thing that to me, it's you got to be objective about that. These are retention models. Right.
I mean, I'm sorry. These are acquisition models.
These aren't retention models. Right.
These are ways to acquire users, get people online, not ways to technically keep users here after the carrot has been reached or whatever.
I have an interjection, if I may.
I've pinned to the top some resources for this exact conversation
regarding speculation of IPO within the next two years. There's interviews attached to those.
And the carrot that we speak of is the topic I've been hammering Finn and co. about. Now,
remember, abstract is not just incentivizations to onboard through XP and speculation of TGE
within the next three, four quarters.
It is a streaming platform that enables creators to have a revenue model as they stream with
crypto guardrails so they could earn Abst abstract ETH, etc. through their streams.
And in turn, playing or participating in those apps via the portal for the streams incurs
on more incentivization like gigaverse ROMs have a valuation in of themselves outside of
the in-game utility.
So this is a compounded...
I guess the question would remain that if you walk into that arena, though,
then you are now competing with Kick and Twitch.
There is no half...
Exactly.
There's no I'm half in, I'm half not.
And I think that that's why you don't see them doubling down on the streaming stuff too hard
because of the fact that it makes them go into a different league with way bigger
players so i'll disagree they are doubling tripling quadrupling down every day on their streaming i
mean i get in what sense every day is a new vetting onboarding process you need only follow
dyla or logan and see that we are constantly when I say we I'm not part of the team
But they're constantly vetting new streamers car adding adding people to the platform is just more people streaming
How are they in building?
infrastructure
specifically dedicated to the streaming side and not the games and not the revenue generating
Protocols because they're not i would say they are doing
all of okay i please an example fantastic so just today they released some updates to streamline
the ui and the ux on the portal they are uh shipping for example pudgy party on the app
store went live less than 24 hours ago on the Google Store and that incurs XP that encourages streamers
There's always something new on out. No once again, you're not answering my core question because there is no answer
These are things that you can do and then stream while doing them
But they're focusing on revenue generating protocols and apps. They focus on the games. They push the games
That's all they do they
push the product which is utilizing their portal you can stream and do all of that stuff while
doing this but streaming is not what comes out of the abstract team's mouth it's not what's coming
out of their focus all of the stuff you can do while streaming but streaming is not their number one I mean that's the reality it is top five on their priorities okay it could be but it
doesn't generate them direct revenue it generates you or streamers that's
important right now I asked Finn about this and I have a bookmarked our share
with you in the DMs but they are still in the green but how long does that last
right how long does that last their servers? How long does that last? Their servers can't, aren't free.
But the good thing is that they are still in the green.
I'll share you the dialogues I've shared with Finn.
It's all public on X.
But these are great questions and please keep asking them.
I am not here to say you're wrong or you don't know the answers or you don't know what's going on.
I'm here to say we need to know more because how can you sustain a streaming platform?
How can you sustain a chain post TGE?
This is the product market fit for our games that I create that I'm bringing to Japan next month
Um with the abstract flag on my company
I'm putting myself out there every day. I'm asking, is this the long-term play?
Is this where my product fits?
And my thesis is yes.
Fuck yeah.
Well, I think we've had Raj on the stream, and he says the only way that Twitch is profitable is by signing through Amazon.
So you have this big snowball effect of adding more and more people onto the streaming service and it becomes more and more of a liability because it costs more and more server
fees to actually maintain it so it's like it's a very very difficult situation and i actually think
the streaming platform wasn't intended to be the product market fit of ashrac but i think it's
probably the best thing because everybody's starting to stream you know pump funds leaning
into it and it just comes down to is this something that's gonna be profitable for Luca to contain and continue
It's just not a profitable business. That's the problem, right? Because twitches loses money kick loses money
The only thing that brings these people the money is their bigger BD collaborations with the people they sign
It's not the actual streaming or anything like that, right? That becomes the bigger issue with the streaming platform. So why would I cater
to, no offense, right, even the biggest streamer on Abstract, when one, everything he's tipped
goes directly to him? So me as a platform provider, I'm not even eating off of you tipping my biggest
streamer, right? He is. Great for him. But who is he paying to be on the platform? How do I tax him now? I can't. Only thing I got to do is now focus on something that generates me money, which are games and platforms and protocols that are building on top of my stuff, right?
that's the that's the issue that you have is one is a feature and the other one is a core component
of their revenue wheel and yeah the feature is dope and it's what attracts more people and is
going to bring people in but it's not bringing them revenue so i think with all this has all
been figured out by you know web 2 like netflix was becoming unprofitable and then they changed
to subscription model and subscription models are super sticky because people create an automatic
subscription and then they forget to unscribe for it. And it's just a very profitable way. Maybe there's some way
to play these games in the future where there's some kind of subscription model, which I don't
know that desensifies people using it, but like with the token being involved and maybe you staking
it, maybe, you know, that yield will automatically give you free play with their games or free,
you know, access to the live
stream i don't know i'm just trying to think of additional ways that they can that other streaming
platforms have you know gone profitable and it's always been through subscription models so i don't
know maybe that's a way to put the streaming to become profitable is kind of charging people to
get access to all these platforms and shit so allison came up here i'm gonna throw it to her
and maybe we kind of transition a little bit out of i know there's some other things to talk about so go ahead allison what's up uh i just wanted to
share a real i shared it in the discord but a lot of people listen to shorn on there so i wanted to
pin it to the space and the only way i could do that was by getting on stage um it was a really
good article in on forbes about uh taylor swift fandom why Pudgy Party leads crypto gaming. And I think
everyone should take the five minutes to read it. I won't spoil it for you, but it's really good.
And the person that wrote it is the COO of Unstoppable Games. And she just put out a book
too about AI. So it's just really interesting. I think everyone should read it. And also,
I think that I've heard Lucas say that he wants to make streaming like TikTok live.
So that's going to be expensive, but it's going to be interesting to see. I just started streaming
on there last week and I'll be streaming again tonight.
But I've liked it so far.
And there's actually some tools that are available for streamers. Things are being built out and not necessarily by the Abstract team.
There's other third parties or people that are working with Abstract to build out the streaming side.
So I think we just need to give it time. Because there's so many different
facets to building out abstract, like, I can't even imagine running a, I don't even want to call
it a project like a chain with trying to build so many different things. That's why there's so many
different teams. It's like a monumental undertaking. So I'm pretty patient. And I will say this for
like the 10th time on this space
that I don't think that they TGE in Q4. I think it's not until next year. But I just want to pin
up to the space that article. So I don't really have anything else. If I do, I'll raise my hand
out. Well, everybody go tune into Allison's live stream tonight. What time is it at, Allison?
into Allison's live stream tonight.
What time is it at, Allison?
I think it'll be at like 9 or 9.30.
You can, that's Eastern time.
You can watch
my page for when I post about it. I'll post
like a little promo thing
and a link. Are we cooking
on live stream tonight? Like what's, are you cooking bread?
Like what are we doing? No, wait, no.
Do not talk about that.
Do not talk about that.
This is a different show. This is a different show.
This is a different show.
All right.
She's doing different shows.
All right.
A little bit off the radar.
A lot of, not a lot of like normie people are talking about it, but doing crazy.
We've been talking about Adderall's forever.
The $40, the 3K.
I brought it up on the show.
When it was at 500, it went to 3K.
Obviously, they're having their TGE, their public auction sale right now.
It's 420 blocks until the market cap ceiling.
You can enter your BTC amount, connect your wallet to Expert Unisad or OKX,
sign the transaction, verify an ownership, and submit payment to confirm your pledge.
Last time I checked, this has only been live for a few fucking hours.
And they're already 47% completed with about a day and a half
it's fucking crazy six bitcoin over six bitcoin has been pledged to this from my understanding
brc 2.0 is going live next week i was kind of hesitant to maybe get into this because i was
like all right it's a pre-sale how long got the way to get my tokens but i mean this community
is massive.
I mean, it's probably one of the best performing entities in the past month.
Like you could have swing traded this thing.
It went from $700 to $3K, went back to $1,200.
Asia, bro.
All right.
Right.
I'm just saying like there is a massive underlining of community support here.
And if you're looking to get exposure to a BRC20 that you know
the community is going to rally around, I don't think the minimum you could put in here is like
$110. So it's not a lot of much. And with the community already kind of showing how bullish
they are with the NFT, I could easily see in this at like a two to three X instantly off the bat.
So it's happening right now. It's basically a pre-sale. Anybody can get in.
Nothing's stopping you other than loading your X-verse wallet
and actually submitting it.
So these are the kind of things we talk about.
Pre-sales are open to everybody.
Just kind of looking around in the space,
this has been continuing to get massive support,
massive sweeps.
And I would imagine the same thing
that happened to the NFT collection
is going to happen to the BRC 2.0.
So anybody can get in this.
No one's talking about it.
It's under farmed.
I mean, a lot of the Orinals people know about this.
Obviously, the DGIN DGINs.
But like if you're just talking about regular crypto Twitter, they have basically tapped out of the whole Bitcoin ecosystem.
They don't even know this is going on.
So I do think this is going to be like there is going to be a BRC 2.0 that surprises everyone and i think this is a pretty good chance that this one's going to surprise
everybody so it's happening right now already 50 percent in the past block up here block come up
here see if you can tell us give us a little more info because i know that they pushed the day back
and then that you know the ticker the ability to actually launch the ticker was what was came out
but not actually have the token live for trading
so i don't know if block can come up here but yeah just to get a little bit more
maybe you can articulate what the difference between a brc 2.0 is then from a rune because
i feel like a lot of people have experience with runes you mean for the people that don't know
what kind of the upgrade that a brc20 is compared to like a rune in itself oh look at that the king himself is here
what's up block what's up guys how you doing doing well doing well man uh real quick just as a
preface well first off appreciate you for coming up and then uh do you just want to i guess baseline
answer the that the rune and then the uh brc20 tech the fundamental difference in that and then
just how you're feeling about these 2.0s
man yeah i mean the fundamental difference is just like brc20s are just text inscriptions
and that's like it it's not attached to a utxo you know uh it's an account-based system so you
know it's all run on an indexer on the back end which is the same as ordinals and runes anyway
they all rely on an indexer this is all end which is the same as ordinals and runes anyway they all rely
on an indexer this is all indexer wars for like the last three years essentially and yeah i'm
i'm stoked because the brc20 indexer is getting a hell of a facelift and yeah things are looking
pretty rosy right now there's a lot of people fading so i think uh opportunity is pretty high
good good rr so how are we feeling about this?
I mean, obviously Adderall's can't be denied.
The NFT has held up relatively great
in a market where it's been going down.
Are we thinking this?
I mean, six Bitcoin raised in the past six hours,
this is probably going to market cap out
by 12 o'clock tonight.
It's one day they're going to raise
all the market cap associated with this.
Is this kind of your leading bet? I mean, you're super tapped in you stare at the men pull i'm sure your eyes are bleeding is this your uh is this your bet for being the top brc 20
uh when this kind of new brc 2.0 comes out yeah it's definitely what's going to kick everything
off to start i mean yeah like their nfts had a hell of a run i expect the token to do pretty good
you got china kind of in the back pocket there you know they're part of it uh west is in so
anything where there's like a unified east-west coordination that's great um ordi is about to
flip dog um bc20s like the trend is very clear. Literally that dog versus Ordi chart bottomed on Kraken listing day.
And it's been up only for Ordi versus dog.
I'm expecting like a good pump pretty soon, I guess, with phase two.
And Ordi goes live and gets programmability.
And we start to get the DeFi wheel going.
Because I know there's a lot of people cooking in the background for d5 around ordi when is that supposed to be i guess not necessarily
already specific but i guess the timeline for brc20s i know it's shifted it was supposed to be
this month and then i guess what got postponed again to next month yeah so yeah like the first
part of the upgrades like you know september 2nd uh so like really soon that's just for like
six letter tickers and then yeah phase two um is reliant on okx basically is what they're saying
uh there hasn't been an official delay in the phase two date yet and it's like about two
thirds of the way through september but i'm expecting a delay to october uh but phase
two is when the tokens are actually tradable and live the other one is just the the acquisition of
the ticker is that correct no so phase one like what we're about to get is like uh the indexer
gets upgraded for full programmability of these six byte tickers so but we're just not going to
have the interfaces and like the infra
to really utilize it to its full effect i think but yeah basically it is ticker acquisition mode
for first few days and then we'll see if anybody has cooked anything for like a ui or anything like
this but it's going to be super like because it's an evm environment everybody's got to be like
tiptoeing around super careful. Don't, you know,
people can get rugged pretty easy on this. So we're going to have to wait for the infer to come
out. So when Adderall's BRC two point comes out, is it, is it going to be able to be bought and
sold on day one? Are we going to have to wait a little bit? Like what's the kind of lag time
until we put this money into this pre-sell when we get our tokens and we can sell it?
Yeah. So they're going to like acquire their ticker and distribute it to people and right when the distribution happens it'll be tradable on like traditional brc20 marketplaces right away and
then i'm from what i understand uh best in slot and probably some other players are going to have a 2.0 type of marketplace for them.
Cause it is like, like 2.0 is a module you deposit into it.
And then it's like, all those tokens are live with EVM.
So yeah, there is like, when you, when you're there sent to you,
I imagine it's probably not on the EVM side.
It'll be on like, you know, just like traditional BRC20 side.
And you'll just be able to list them on Unisad or OKX.
Gotcha.
And like, obviously, I use this comparison back when we were going Israel and was it Iran?
We're going into a war.
I said, all you have to look at is the oil price, if this is actually escalating or not.
And I kind of use that analogy to ordi and
you already said it's already flipping dog i think if you want to kind of get a understanding if this
is actually taking off and being successful i think you all you have to do is look at the ordi price
and say you don't want to get into any of these you've been burned you don't want to get into
ruins you want to get in a brc20s i actually think getting into ordi as a proxy bet and like longing
that you can long it on hyper liquid could be a play that you could get in when you don't like, like we mentioned, like everybody wants to speculate on the ship, but they don't want to own it.
I think actually putting longs out on Ordi expecting this to take off would give you a similar return on investment than actually buying the token.
Just like the overall ecosystem is taking off.
Ordi is the first BRC20.
If it takes off, Ordi should go up in price.
You're already starting to see it bounce so i think maybe this is you know a easier play to get in
than actually owning the tokens in my opinion you think uh rad poses uh an issue uh block
from what i understand radfi is gonna adopt brc20s they're like protocol agnostic so i think bullish
in general and like the money's just gonna go
where attention goes and wherever liquidity is uh already is like our flywheel for brc20s but
also i believe ordinals like i think in the future you know how eth whales buy eth nfts it'll be
already whales that buy ordinal nfts not bitcoin whales we'll never get those guys it's we're gonna
have to have our own wealth generator. It's gonna be already
Yeah, I can see that
I just been looking more and more into ratify just in general because of the fact that you know
Liking one L1 Bitcoin and stuff like that and it's just I don't know
It seems a bit more attractive with just the quote-unquote feature suite that comes with it right
Comparative to the other
I don't know. I guess you could say bundled launches or ICP alternatives, right? So
Yeah, I think we're gonna see a fuckload of launch pads
Like the launch pad meta is gonna completely play out over here, too
and between Coincooker like which is what best in slots cooking up and
Radfi and all this stuff people are just me launching
It's gonna even got businessman fucking larp central come out yesterday bro said that he's building
on sparks look i ain't gonna lie look it was bit god businessman and someone else all came out at
the same time pushing yeah pushing sparks i'm like yo if i like the shit i don't know i don't know if i like the shit anymore
it's a little sus so like you're you're super into the fucking weeds here my guy um give us
something to like obviously you can maybe give us an ordi price to look at but just like what else
are you looking in in the ordinal's ecosystem or brc 2.0s that could possibly no one's paying
attention to i mean like i said you stare at the mempool in the middle of the night on like light mode you don't even switch at the dark mode
so i'm just like as someone that is super tapped into this space what are you kind of anticipating
what are some things to look at as you know brc 2.0 goes live in the next month i mean well you
say yourself it's the the mempool is the alpha that's my favorite line ever since ordinal started
that is like the great equalizer and like the ultimate platform for us so you just watch the mempool
and don't ever fade what's in the mempool like shit's running like it might seem silly whatever
it is could be rats could be honk could be whatever the next hopier c20 it'll be in the
mempool first and so yeah first in uh you know the early bird takes the worm in that regard and but
like uh i am looking at like heavy heavy upside on legacy brc20s that are just like ultimate
sleepers like whether it's like the second brc20 otter bro otter otter is the one otter otter i
know you got whatever happened to that larp. Whatever happened to that LARP motherfucker, bro?
All he did was throw emojis.
I don't know, man.
I don't know.
I don't know anything about it.
I missed the otter train.
Yeah, bro.
I have the coin.
I have the ordinal.
I have all the otter.
I was otter-fied, bro.
Fucking otter.
You see how Chip has so much PTSD, bro?
He's like, where are these motherfuckers at? You can just hear the disgust in his body. Nah, otter you see how cheap has so much ptsd bro like he's like where are these
motherfuckers at you can just hear the like disgust in his nah otter was cool otter was a different
bro this i miss bitcoin used to be fun like i terrorizing the men pool with my fucking orange
eyes omb that was the greatest thing known to man bro people would be on the timeline who sniped me
and it would be me and i'd
go out there and be like me motherfucker snipe back bitch it's free you know it was fun now it's
all boring everybody's soft you can't snipe no one it's a bunch of weasels crying about a first 10k
again next we're gonna cry about cursed inscriptions i mean holy shit bro grow up guys
ordinals have a numbering system we have a sub 10k category
i hate to break it to everybody but that's the first 10k insane bro insane sub 10k they're like
yo you're right we weren't winning the battle on the regular front so we just flipped the number
and made them all negative now now what oh but real quick before i go
because i do have to go uh some sleepers uh like meme brc20 is the second ever it ran up to over
seventeen hundred dollars you can get those tokens for ten bucks right now pepe brc20 uh
was deployed before pepe on eath uh that's a sleeper is the first pepe on bitcoin so like you know pepe has
strong bitcoin ties obviously everybody knows that so huge sleeper it's like a million and a
half market cap like it's disgusting upside ifsies run and then something like domo which is you know
just the founder it's like a two cent coin that has been as high as like a dollar and a half two
bucks same supply as already just seems like a no-brainer and the
motherfucking matrix phone bro i'm i'm busted out the unistat wallet right now we got oh man the
programmable matrix phones let me tell you man do you see chief just has the memory of a fucking
elephant um the best days of our lives the worst days of our lives so those were the good old days
everybody's like oh we're in the bull market i had more fun in the fucking bear market i gotta be completely honest when ordinal's around i was having fun
bitmaps was the greatest time sats minting sats minting all this dumb bullshit um but yeah
good time i just real quick to mempool alpha there is a like a big dog sleeper out there
it's it's the same as sats but 10 times
bigger and everyone's fading it but china's crushed uh three million mints through in the
last couple months and it's it's doge on bitcoin it's doge brc20 that's 210 million inscriptions
and they're minting it out they're just they're grinding it every day with the 0.1.3 sat v bites it's in the mempool
like 40 k mints a day just people are sleeping on it man whatever happened to drc20s i guess
bark blew that up it's fine no dude did you not see that famous i don't know some some famous guy
what was the name something try for something is rocking a doginal dog now everybody rocks
doginal dogs, bro.
He has, he's the fucking genius at BD.
If people don't like him, that dude's great at marketing.
I mean, shout out to the fucking dogenal dogs.
I see them on Tik TOK more than anything.
XRP and dogenal dogs are all over crypto Tik TOK, bro.
I can't get away from it.
I'm like, leave me alone.
They're following me.
They're fucking XRP, not fucking Ethereum, bitch.
Bitch, fucking buy a dogenal dog.
I'm like, Jesus Christ um josh how we doing brother
how's the trenches what are we looking at today how's the meme coins what's up brother appreciate
you stopping by hey jim jim yeah i honestly just came here to stop by and listen to you guys talk
about fucking the boomer chain holy shit fucking waiting 50 minutes for the transaction looking ass um no but i'm honestly
just in cope i need a couple plays i don't cope i'm in dote and i'm honestly buying more troll
with my cope profits because i see this in on the timeline they're saying oh cope is not let's fall and i'm like yeah no but um i'll i'll make money on it while
you guys say that um but yeah i mean i'm doing that i'm also starting to get into the food rules
again just kind of like learn and figure out how to do that stuff and I'm gonna be honest like it's on it's
an untapped thing that like not a lot of people talk about but I made my rent
money on this LP yes it's just going up that's hard it's going up and down
ranging all day all night and I don't know I might just start like doing it if
I see like a good coin at like anywhere between like five to 30 million just buy a buy
some at like a support or at a low and just start an lp with half my bag and see what happens
because i i've been loving this um and i'm not really trading new payers right now kind of taking
a break this absurd in the market because souls
with soul and bitcoin are doing their thing i don't know if you guys saw but apparently the
whole dip was like dtc happened because finance caused their trading i don't know if that's true
but that's crazy holy is this a oh God. Why would they pause perp trading?
I saw that that Bitcoin whale that fucked the chart last week
sold another $108 million worth of Bitcoin.
I don't know what that was doing.
Or it could just be the long weekend, bro.
The stock market is taking a massive fucking shit today
and going into a long weekend.
And typically, you know, when there's panic in Wall Street,
people panic sell over here, too.
So I think... I mean, you can... Like, can show me the price, I'll show you the narrative.
I don't know, man.
I think it's going to be a long weekend.
I think meme coins, while Wall Street's away, will probably do better than maybe the price action of these bigger coins like Sol, ETH, and Bitcoin.
Maybe get a little stability going into the weekend.
But man, it's been a hectic two weeks, bro.
Lots of volatility
as much as i say there's not less volatility but like going to 124k down to 109 in less than two
weeks i know that isn't crazy but like a lot of people in meme coins it's you know they're tanking
anytime there's a dip in bitcoin people are just selling out of their fucking coins left and right
so i don't know brother did anybody get on zeet yesterday i was like that's the last thing
i had on my fucking play my play card today was just looking at zeet is it any different than
anything else that we've done with info fi i got on there go ahead allison i got on there
how did you like it yeah i like it a lot you guys really nice um it i think the best thing
nothing's really started yet so um i think like it's AI is still like,
it's still learning people's accounts. They said that yesterday on the space.
So you may see your score and your position change. Actually, while I'm talking about it,
let me just log in right now so that I can tell you the exact terms. What I really liked about
it is that there's like two, there's two different things.
Like when you log in, you can see your profile and then your score, how many Zs you have,
your Ethos score. Um, and there's a chart, you know, that shows you similar on Kaido,
except this is like right front and center. You don't have to do extra clicks. Like you can see on what days you earned your, your, uh, zeats. Um, and what I
really liked was the content breakdown in your profile. So like mine is, I would say it's really
accurate. So for me, it says 40% crypto news, 25% engagement farming, 15% shit posting, 10% memes, and then 10% other, and then gives you
like a vibe quadrant. So then it describes the content that you post about. Um, it doesn't just
give you like a chart. It then describes your content as well. Um, and there's like different,
there'll be tournaments, um, and you can change your score. So like why, while this, um, while the algorithm
is still learning, uh, you have the opportunity to like boost your score. That's why you still
see people referring other people and you'll see people engagement farming or writing posts about
Z itself because you can up your score and then that's they're not saying like
a cutoff at what number but that's how based on your score or like place on the on the boards
that's how they're going to determine who gets a card for when the tournaments start and I'm not
sure when those start I'm assuming like a week or two you have to join the wait list to be notified
about it and like anyone could get a card.
It's not like Fantasy Top where they determine in advance who can get the card.
You don't really have a chance.
Here, you have a chance.
So, I mean.
So it's kind of like Cato combined with Fantasy Top.
Yeah.
Like if you post enough about quality content, you go to the leaderboard.
And if you're in the leaderboard cutoff, you hit the benchmark,
you get a card,
and then now your engagement is tracked in a game,
which probably ultimately
rewards people.
Right.
You as the content creator,
but people will play your card
and also win money too.
Yeah.
It says like over the next several weeks,
your ranking can change
and can earn you a spot in the leagues.
So yeah, I mean, I really liked it.
You can't really do much about it now.
It's on you to post on your timeline
to improve your place on the boards
and then just hope you get a card.
And yeah, I really liked it.
I don't know if anyone else,
if Chris or Josh,
if you guys went on there yesterday,
if you liked it or not.
Any integration with Grind at all? Any talk about that? if you guys went on there yesterday, if you liked it or not.
Any integration with Grind at all?
Any talk about that? In the space yesterday,
I did not, I'm assuming at some point there is,
but in the space yesterday, I did not hear about it, and it does not mention it at all on the platform that I have come across.
If someone else knows different, please feel free to correct me
yeah because that shit oh jesus christ went on the one minute chart it's down from 7 million to 3.9
million so might be you know if there is i don't know why he would launch a grind coin
if there wasn't some integration maybe this is the entry fee into the games maybe this is the
payout i mean seeing this at 3.9, if there is an announcement,
it's probably going back to 7. He integrated the money into his bank account.
Yeah, probably. Probably.
Probably. Probably right.
Yeah, I mean,
he says there's stuff to do with grind
and the fact that there's been nothing announced
makes me feel like it's just waiting
until the leagues start to actually come
with the announcement of grind and push this back higher.
Obviously, there's a massive sell off.
Because there was no mention in the space.
But grind has been at $4.
For fucking longer than it's been at $7 million.
I don't know.
Something to look at on abstract obviously.
I don't know Chief.
You got anything else you want to talk about?
Yeah.
If you're waiting on a sappy.
Sappy.
If you're waiting on a sappy sappy if you're waiting on
Monad card nomination
You need to go twerk and get one within the next I would say 24 hours. This came out yesterday
So and it even says less than 48. So if you have a card
Make sure you get your two nominations in if you do not have a card
If you do not have a card, make sure you acquire a nomination from someone within the next couple hours.
If you choose or want one.
And then I just mentioned Sappy won because Sappy in the crowd.
But looking at it, bro, I mean, it's had a lot of action over this last week.
You had a couple whales capitulate.
I thought it was going to be a sleeper play. It's caught little bit of action but price hasn't really moved right i mean i'm
really wondering uh if this is a blur farmer that's fucked or what um but they're at 0.36
uh they're up six percent on the day i think that these could be uh in that i mean these should
probably 2x by the time Monad Mainnet launches,
especially with Wob giving more and more updates about Omnia on the timeline, more and more integrations on.
I mean, he's just starting to talk a little bit more.
He's mentioning even integrating the financial aspect of the game a lot faster, right?
At first, he said that he wasn't going to
do that. He wanted to focus on, I guess, the Web2 crowd or the future.
And then he realized that once you can actually balance the two, he knows that. I mean, that's
what we're all here for, right? Is some underlying financial aspect, something that we can add a
little bit of speculation to that can help fuel. And I think he saw the success that the football.fun had, right?
And just how everyone was, the onboarding was people showing P&Ls, right?
That's what really caused everyone to bridge money and hop on the website, download the
game was, well, I put $1,000 in yesterday and it's worth 22 grand today this
is the funnest game of my life and then you're like yo what the fuck and then you went over
there and then you look and you're like yo i put 500 bucks and it's now worth 50k and i mean that's
what it was wildfire right all of crypto twitter was talking about that so to to be in this sector
and to one hate the sector that you're in
doesn't make sense to me right that's why i've always criticized gabe like he wants to build
in web3 build for web3 but talks mad shit about everybody um and then second uh to me it makes
sense that you know you you gotta adopt and adapt to your core demographic which is people that want
to speculate is that people that want and are willing to even put a little money up front
and play around in gaming when you go the free-to-play route you're aiming to find the whales
that's where the gacha system is right you you literally create a game for free-to-play players
but your goal is to hook a whale.
One, two, three, however it may be.
Because those guys sit there and they'll spend hundreds of thousands of dollars just because
they can and they want to if the game is fun.
The game just has to be fun for them.
And that's it, right?
Free-to-play, everybody else gets fucked, RNG rates are horrible.
So, adding that into Web3, you already have your whales you have a lot
more you don't have to go fish for them you just have to figure out what they like to eat put that
in your game and make sure you can keep it concurrent right so i think sappies are undervalued
i could definitely see before monad they 2x if not break one ETH again. Supply is only 2% is listed. So 200 out of 10k. I would just be
weary that they do have whale distribution heavy, right? There's a couple people that do a couple,
I would say 100 assets, almost a couple grand, thousands of assets that are in small subset of wallets so
uh doesn't mean that you're gonna get dumped on it means that people have been accumulating for
four years and if price looks good price looks good right but yeah undervalued in my opinion
setting up for monad to finish it off we got you know you posted that about the game we had the
monad card so dope isn't that dope the fact that they're using the telegram stickers it's like uh limited edition emotes inside their game i love that that's kind
of uh very similar to kind of how fortnite does it and so well that was cool but i mean you brought
up football.fun obviously it took over the timeline people are making college tuition
over last weekend basically what's continuing to make me like pay attention to i
have zero exposure haven't even bridged over is uh some of the like the um big gamers that were
big in wolf game are continuing to get in and bullpost about it and like auto suing the reason
why he's so big was he made a billion dollars off a wolf game and he loves the game and he continues
to play and he continues to accumulate fucking cards and similar like what we saw with frintech when it first launched you had
the big hype cycle then it crashed and then it went ballistic again i'm wondering if like if you
are going to get into football.fun would now be the time as it's kind of resetting but i still see
all the game oars that are left that made money in the last cycle off a wolf game
continue the fucking bullpost about this so i'm kind of curious if this is maybe an attempt or a
bigger game or a bigger meta that's going to continue uh here in the coming future i don't
know what's your thought on that chief is this something that's a flash in the pan
or is this something that could be something bigger in the next like two to three months
that onboards more people because we always always talk about what's the onboarding?
I think it's both, bro.
It's just fantasy.
And you know fantasy better than almost anyone here, too.
I mean, you can come in when it's nice and hot and frothy and get any player and sell it for 2x what he's worth.
But once people that know fantasy actually come and set up, I mean, no one's going to be paying
those prices anymore. You're not going to be able to just flip every pack and every person you get
for four or five X. People aren't going to be buying what's on the floor just because that's
the only thing on the floor. They're going to wait. You know, that's really what happened. It
was there weren't many players to purchase. The people that purchased players were ready to go.
weren't many players to purchase the people that purchased players were ready to go there were only
pack openings once a day and so it's supply control now it's going to balance out and i
think it'll be successful for those that understand soccer and that could continue to play because now
you have to know how to play like oh this player is good oh this player got hurt or oh i got this
guy i can sell him for later whatever it may be so So I guess to wrap it up, this came out as we're finishing up the space 10 minutes ago.
Abstract has some type of like, I guess, alien spacecraft landing.
I don't know if that means like an airdrop coming, if that could be a specific game in the portal.
But it's just the abstract symbol on the clouds.
And that looks like a spaceship to me and that's kind of like the
bullseye right it's gonna land so potential airdrop potential something coming up it says
prepare for landing yeah isn't the kite uh the kong airdrop today if you did like 10k of volume
in 2023 out of 45k traders they had like the volume breakdown like 10 to 20k was 48 people or 48 i think uh
crypto gorilla just did a breakdown on it so if you guys want to check if you got the airdrop
there's a dune analytic um dashboard you could put your wallet in and see if you are eligible
for this airdrop they're giving two percent of the supply to openc traders um and since 2023 so could be a nice little stimmy for anybody uh
but i mean obviously 2023 was when open sea was dead so it's gonna be really hard yeah bro that
was when ordinals popped off they have ordinals fucking dickheads and now it's my fault that they
didn't have ordinals like yep anyway appreciate everybody that came up appreciate everybody that
came on stage you guys uh one, made the conversation go by.
Two, we were able to learn from you guys.
I mean, we don't know everything.
X and I have our specialties, have our sections of the market,
but ultimately, stage is always open,
and we want you guys to come up and teach us, right,
or put us onto a different piece of alpha and allow us to grow with you.
So we do this tuesday through
saturday 11 till about 12 12 30 central just depends on the conversation at hand after the
show's over there will be a thread that goes out it covers everything that we talked about on the
show and you can use it as a resource right likes retweets engagement on that help us get more
opportunities for tda but also grow our community,
get more people on stage and continue to show up.
So catch you guys tomorrow.
It's TDA or stay poor.
You guys be safe.
We'll catch you in the foundry and you'll have a good rest of your day. Thank you.
