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THE DAILY ALPHA β»οΈ
Recorded: Aug. 12, 2025 Duration: 2:02:43Space Recording
Short Summary
Ethereum's recent ETF inflows surpassing $1 billion and Tom Lee's bullish comparison to Bitcoin's 2017 surge highlight a significant growth trend in the crypto market. Strategic partnerships, such as JP Morgan's involvement with Ethereum, further solidify the asset's legitimacy, while the launch of new projects like Doodles Up signals a vibrant future for Web3 gaming.
Full Transcription
Thank you. Yo, welcome back. Welcome back. Happy Tuesday. Appreciate you guys stopping by the show.
It is August 12th. It's a great day to be alive in the middle of the Golden Bull Run. So if you
guys could like and repost the space that would
be greatly appreciated obviously allison doesn't have a thread but when she pins those up please
like and repost those put a bookmark on those are for your um you know use uh to go back and check
things and double check things to make sure that you're looking at the proper opportunities but
also you know so you guys can do your own research so we appreciate you guys stopping by how we doing
that's also how we've always given everything away right i mean it's just a basic deserve
during the shit's free so same way we show up for free just engage for free and it goes a long way
and so appreciate everybody that does yep yep appreciate you guys obviously we're uh kind of
in a new paradigm here where eth is just kind of exploding uh right in front of our faces has a lot
to do with a lot of things that are going on and announcements that are going on we've had
etf inflows on ethereum hitting over1 billion yesterday, which is the first time in history that's happening.
We have Tom Lee on fucking mainstream TV basically calling this Ethereum moment the 2017 Bitcoin moment where he was on TV getting badgered by freaking talking heads saying, you should buy Bitcoin at $5,000.
And they're like, oh, that's a risky investment. And he's doing the same thing. He's basically the ETH Michael Saylor at this
point telling everybody that you should be buying Ethereum at $4,000 and you will regret it if you
don't. I mean, his predictions are like 500K for Bitcoin, which I mean, you have a long enough
timeframe, like the next 40 years, maybe it gets
that high, but definitely feels like this is Wall Street's Bitcoin. A lot of people in Wall Street
have faded Bitcoin for the longest time. And now I think they understand Ethereum a lot more than
Bitcoin. And now they're just going to circle around, pump their bags and say, you know, this
is what we understand. This is what we believe and it looks like ethereum is kind of leading the way obviously if you're looking at just like the charts of like soul dominance
compared to ethereum dominance it has taken a shit um i'll pin that up for you guys but
if you are kind of taking profit in solana right now you're probably best off to be start taking some
profit in ethereum because it seems like ethereum is kind of outperforming solana at this moment and
it all kind of deals with you know just the hot narrative last you know last year or the past two
years everybody's been talking about the meme coin super cycle and meme coins and and ethereum
was going through the same thing where it's like what is it used for what's the use case and then like the casino uh the super
casino came over on solana and everybody used those chips to go play on solana and it just
outproduced ethereum and now you're kind of seeing the same thing where you have the new hot narrative
which is ethereum and solana is now taking uh the brute beating of this. So it is down.
If you look, I just put it up.
The Sol E chart is going back to 0.04, which there's a trend line there.
So if you have been taking profit in Solgen currency of Ethereum is NFTs.
And you have seen NFTs kind of like really perform very well on Ethereum recently.
We have a lot of these collections that are basically going up in price based off, you know, speculation of what's going on.
So I do think if you are going to speculate, like just like if there's sole season, you want to speculate on the mean points because that's kind of the main new case.
When ETH season hits here, you probably want to get into like the Pepe's, the SVX 6900s, but you also want to start looking at NFTs on Ethereum too.
So kind of return there looking at that.
Obviously, this morning, I think what kind of set everybody off was kind of the CPI print
and was kind of showing that inflation is steady.
It's not, it was as expected. And now there's pretty much a hundred percent chance that the
rate cut is going to happen in September. So people are kind of front running that this is
going to happen. Now we were kind of suggesting around August 15th or so we would see the market
recover because people are going to start front running this. And then we're at August 11th or
12th. And now you have like a 98% chance of the first rate cut. recover because people are going to start front running this. And we're at August 11th or 12th.
And now you have like a 98% chance of the first rate cut.
And now people are trying to speculate since Jerome Powell was late to this whole thing.
Would there be a 0.5 basis point, which would basically be two rate cuts in one meeting?
So now people are kind of trying to speculate the probability of that happening since they did revise the job numbers.
But just like that's CPI, right?
Like just regular inflation for just regular people is actually on the rise.
Like utility gas was up 13% in July.
Car repair inflation up 6%.
Hospital services up 5%.
Electricity of 5%.
Car insurance up 5%. Meat and eggs of 5%, homeowner inflation
of 4%, food away from home inflation, 3%, rent inflation of 3%. So yes, this is, poor inflation
is now up three straight months for the first time since September of 2022, Americans are still dealing with pain here.
So it's definitely interesting.
That kind of set off the momentum.
We have the S&P 500 rises to a new all-time high, now up 30%.
Real quick, finishing up the ETH stuff.
Do you see all the information about SBET?
And how today was disclosed.
Today's the 12th, right?
Yeah, I'll post this up to the top. Today was disclosed that JP Morgan has actually been proxy betting on Ethereum through SBET.
And we know that Jamie Dimon's been on there.
Just on the timeline, on the news. just talking about how it's time for crypto.
Bitcoin can do this.
Bitcoin can do that.
And ideally all positioning themselves for one, their own stablecoin and chain.
Right.
And then you add this partnership with Stripe.
So it's just cool to see that it's just more and more coming to light because that's the thing about when you start dabbling with these publicly traded companies is that they have to disclose their holdings every so often.
So it doesn't matter what the narrative is that you see on TV.
At a certain point, these numbers come out and make things real.
So on top of that, too, they filed to sell SBET, filed to sell 18.3 million shares in order to buy more Ethereum.
Yeah, they're just doing the whole, you know, Michael Saylor created this flywheel and now you're starting to see it just happen in ETH.
And then you're starting to see it on BNB.
Did you see Zookay's post on this?
I thought that that was actually pretty good.
He did a sub stack on it
and it was just in a sense of
that will be his opinion
that Bitcoin Treasuries
will be the next pissing contest.
It'll be how many Bitcoins
do you have in your treasury
slash how much Bitcoin do you actually
or are able to produce
with your business and that'll be kind of how you're engaged in this next round of
diversified holdings that are coming up you know yeah yeah i mean i mean makes sense i think it i
think you'll just go down the risk curve and obviously we've seen that this this has been
an institutional ran bull market and like it isn. And these Wall Street people are just as degenerate as us.
They want to compete.
They want to have pissing contests.
And just because they're in Ethereum right now
doesn't mean that they're not going to go down the risk curve
and get in altcoins either.
Like, oh, Bitcoin, this many returns.
Oh, Ether's going to give me this much return.
Oh, Solana's going to give me this much return.
So I do think the institutions are going to use some of these treasury companies as proxy bets on um that but i also think they
might take some profits and actually come here and actually trade on chain with us and actually get
into this whole uh meme coin cycle i mean i was looking at metrics youtube metrics and we still
are at like 2019 levels of like new viewerships on YouTube, which is a great indicator.
You also could just look at the AVAX chart that lines up perfectly that we are still like bare bones, like people actually giving a fuck about this in retail.
And so like when you ask yourself, like, who's going to buy our bags?
We still don't even have the attention of this space.
Little less new retail.
Like people are still like on vacation.
People just aren't interested.
Like numbers are just barely peaking right now.
And like, if you're, if we're like imagining that this bull cycle is going to be ending sometime October, November, December,
we've got about 80 to 120 days left of this.
And there's tons and tons of more people that are going to be coming to
this space that are going to buy the tops. You see the charts are up 10% and you're thinking,
oh, I'm buying the top. A lot of people are now coming back, going back to school. School's now
coming back. People are still just now figuring that this is actually going on. And when you try
to imagine who's going to buy our bags, I think that you can imagine that this is actually going on. And when you try to imagine like who's going to buy our bags,
I think that you can imagine that retail is not here yet and there will be
buying our bags. And, you know,
some of these wall street bros that are fascinated with these treasuries are
going to be coming in and trading on chain also.
So just something to look at just kind of,
I think what also is kind of leading to Ethereum rising is just how it's the backbone of just a lot of this infrastructure that's being built these days.
When it comes to DeFi, it's pretty much if you wanted to build something, you have to use pretty much Ethereum.
You saw that with all these L2s, but we had just had two big companies, Stripe,
which is building their own L1 blockchain tempo with backing from Paradigm described as a high
performance payment focused blockchain. It is also built in Celsifar with five of the teams
reportedly EVM compatible. So you have Stripe basically building, and then you had the shocker today, Circle,
which just had their crazy IPO,
is building their own L1 blockchain for stablecoins.
It's going to feature USDC as native gas,
built on FX engine,
the terminalistic sub-second finality,
opt-in privacy and full circle platform integration,
open composability and EVM compatible.
So you had Stripe,
which is one of the biggest payment layers,
basically announcing that they're building
a blockchain on EVM compatible.
And then you had Circle just announced
that they're building the L1 EVM compatible.
And it makes sense.
Like we've seen Plasma come out with Peter Thiel, which is basically a USDT as gas. And then you saw
Stabled, which is using USDT as gas. And I'm thinking you're starting to see what's going to
happen here in the future where these native cryptocurrencies like Solana, Ethereum, SUI,
which have these tokens that go up and down in
price as gas, are now going to be replaced by just dollars, digital dollars like stablecoins.
And it's going to be something interesting. You're already starting to see the rumblings of actually
airdrops in stablecoins. So with the stablecoin that passed in July, you're going to start seeing
that ripple through the market and people are actually going to start using this legislation at building their own platforms.
And I think it's probably a safer way to actually build stuff is actually trading it in a dollar that doesn't have like a market that actually fluctuates 10 to 20 to 90% in like a four-year basis.
So actually being able to trade
collectibles using dollars you're ready to trade meme coins using dollars then what difference is
that then what difference is if it's essentially a dollar i mean it gets printed as dollars it gets
minted as dollars like we're not solving an issue we're just trading paper for digital
yup and i think it's not about us, right? It's not about the
decentralized. It's a spectrum of how do you bring new people into the space? And when you talk about
the volatility of crypto, people kind of are using that as a reason why they don't want to get in.
Oh, it goes down 90%. I don't know. But the fact that now you have an option where you can now use
a blockchain that uses dollars that maybe you can convert from your bank into, and then you can sell it and then stick to a peg thing is just another option for people to actually come into the space as another option for retail and other people that are interested in coming space.
That's going to eliminate the volatility.
Actually, you take profit and stuff, right?
So like you took profit, you made $900.
You have it in that stable coin.
You wake up the next day, you still have $900.
That isn't like $850, right?
So it's just another option.
And Circle, obviously, one of the biggest IPos this year um is gonna have a lot of
people talking about this and they're gonna have their own test net uh coming this fall i mean would
the test net actually uh would they reward people in a stable coin like usdc i don't know or is there
or would they even use a cryptocurrency i don't know. I mean, is USDC their cryptocurrency? It's kind of
interesting, right? We talk about these IPOs, right? Do they have a digital, do they have a
coin? Well, USDC is CirclesCoin and they have a token traded on the stock market. They could use
this stablecoin as a way to pay people on their testnet when it does go live. Just another kind
of moving into just more stable coins
being used as payment methods than kind of the cryptocurrency itself which just has some
volatility in it so i don't know it's pretty interesting i like i just kind of you're going
to see all this kind of stuff come to fruition in front of your eyes you're already seeing
stocks being traded now we're being able to leverage you know ipos 10 20x now you're going to be able to just to
perform tasks with using stable coins i think it's just a lot more things are a lot becoming a lot
simpler for retail people to understand and uh yeah i mean but are we betting on products anymore
are we investing i mean i think let me find it if it's breads post that this is now even the market and the general scope of investment has now become
the scope of speculation, right? You're leveraged trading a company's IPO, but do you care what the
company does or do you care about what the actual share price is? Do you plan on holding after it IPOs right like that is the hyper I guess speed that
we're going to to where the actual product itself isn't something that even people feel is viable
to hold invested people want to speculate in the run-up rather than the actual you know tech
infrastructure whatever it may be right and i'm just starting to see that more
happening more and more often too we mentioned it here which is the style of stuff that we're
getting right long and short mind share so you can give two fucks whether infinex is successful
or not you don't even have to participate in the test net you can say yo these guys are about to
scam a lot of people with some good marketing let me me run this up. I'll long it and then back out.
You know, so it's like it's starting to change the landscape of how people are participating in the space.
Whether or not you think it's good or not, but you have to be can be oblivious of what it is.
Right.
That now no one even cares for the end goal or the product itself.
And it's more so the lead up or the run up. And then that's it. Look for the end goal or the product itself and it's more so the lead up or the run up and then that's
it look for the next one i think it's just i think that's you're starting to see that that that's
that's web3 culture right like we don't give a fuck about the products we just like to run up
and the thing in web3 that in this space they always give you a lot more money in the very
beginning the valuation of a lot of this stuff is always,
it's always more than it actually is worth
in the very first two or three days.
And then you kind of see the fair use value of it.
I think you're starting to see that hyper-gambleization
or hyper-speculization actually coming
to traditional finance now.
And it's been here, it's something people like about this space is
the fact that you could speculate on things. And now you're starting to see that kind of leak in
to these markets that didn't have that ability before. And it's just the hyper-gamblification
of America and the world. Now, five years ago, 10 years ago, you had to go to Vegas to gamble.
And now I can gamble for my couch. Now, 10 years ago, I can only gamble on the results of the game.
Now I can gamble on what's going to happen the next play.
So this is just like an arc that's continued to go faster and faster.
And every asset in the world is going to have 10x leverage to it.
You're just seeing the development of this.
This is the trend where people want to get quick money
and move on to the next thing and uh now we're giving people the opportunity to do so so i mean
no yeah it's just about setting the tone of what it is right it's just gonna bring for
less actual viable product and more viable marketing, right? It's less about retention and more so about acquisition,
right? So it's just learning the lay of the land, especially if you're going to be participating in
quote unquote, having your investor hat on or trying to buy whatever undervalued attention,
Know that that's all it is right now. It's an attention game and it's just
know that that's all it is right now. It's an attention game and it's just hyper,
Hyper is it basically?
Accelerating has been yeah, it's just accelerating at this attention game
Well to a certain extent yes and no right because even if you didn't have attention if you had a vinyl viable enough product
You could stick around long enough through BD and still come out and become something
I mean, I think polygon is probably one of the best examples of that, right?
Went through the hype cycle, got shit on, didn't make it,
didn't really win on the culture side of things,
but through a sustainable product, won through BD on a different demographic,
but still is there and viable, right?
ICP is another one.
Same thing, came out, hype hype market had a decent product now
You're starting to finally see ICP integrations and fucking everything right?
especially on the Bitcoin side of things as an L2 or a solution so I
think that that era is
Becoming less and less because by the time you show people that you have a better product
I mean the the chances of actual intense gains or immense gains are gone
Right because those are only being made through speculation rather than actual
Valuation of the companies and then when we speculate we're evaluating them too high
Then all we got to do is go down
There is no longer start at fucking damn near zero and work your way up to
a couple bills so i don't know yeah a lot a lot of these internet service providers which i would
consider like these a lot of these blockchains like all these infra plays they're not going to
be here in 10 years right and like stripe these big businesses are going to launch their amazon
whatever apple are going to launch their own blockchains they're going to eat the out of these
mom and pop shops that we're calling right now and then like we're already seeing the the regulation that they want to bring
the stock market on chain and like why do why is there less volatility in the stock market than
there is in crypto is because they have switches they can flip bro like when it gets too volatile
they they flip the switch and the stock price is untradeable but what do you think is going to
happen when this all goes on chain like you're not going to be able to flip switches
anymore. I mean, I guess you could flip a validator off and no transactions happen, but
the stock market is now going to be, if it is put on chain, is now going to see the true value of it,
but also the true degeneracy of it are just what it's truly valued at.
You're going to see volatility actually in the stock prices.
Like with that liquor company that, what's his name, was trying to take over my Robinhood, there was extreme volatility.
They shut off the stock.
It couldn't go down any farther.
But in the next five to ten years, you're going to see all these stocks now traded on chain.
And you're going to see the true volatility of what this actually is.
Well, even the second market is going to fuck them up, right?
I mean, Texas is going full force on that.
More and more companies are announcing that they're going to come to the Texas Stock Exchange, right?
And be based out of Dallas. So that's going to be a whole, in a sense, separate stock market that's going to come up.
That's going to be trading mostly some of
the same assets if not implementing crypto inside as well so yep it's just now that they're like
what's been holding a lot of these companies back is actually legislation and we just got
legislation and you're already seeing some of the biggest payment people in the world stripe and
fucking circle like a month later announcing
that they've been building fucking evm compatible l1 blockchains behind the scenes like this is just
the beginning guys like you're now gonna you're now you're gonna see what's really this is about
and this is what ultimately trump wanted he wanted all these companies to start building in america
so your everyday i mean blockchains aren't that expensive anymore. You're going to start seeing Amazon launch their own blockchain with their own stablecoin.
You're seeing MetaMask launch their own stablecoin, maybe with their own blockchain. I don't know,
dude. You're going to start seeing all these companies basically trying to do their own
thing and capture all these fees, similar like they do with the credit card companies. So
this is like all these blockchains that you're familiar with aren't going to be here in 10 years we're still early on the degeneracy curve acceleration begins
when hyper gambling is woven into daily obligations and then that becomes the default
I've increasingly come to believe that no one wants to own anything and everything will be purified.
i've increasingly come to believe that no one wants to own anything and everything will be
We're headed into a world where one who facilitates the speculation of everything is the one who will win.
I don't want to own the stock.
I want to speculate on its valuation.
I don't want to command attention.
I want to speculate on those who will.
I don't want to earn the yield.
I want to speculate if that yield is going up or down from here speculation is the most accessible
thing in the world and perps are the best vehicle for it it's kind of one of those like
yo yeah i'm not trying to be the gladiator i'm trying to bet on the gladiator you know i'm not
it's it's always you can't do you want to be the one
that be able to benefit off of it still right if you can't teach then fuck what are you going to
do there's got to be a way to make money so you can speculate that's what we're doing here right
like speculated on which social influencers are going to get the most engagement today and like
where the fucking ground level of this this stuff is just going to be repurposed in web 2 it's like we are just like the guinea pigs like this stuff is going to take over
the world the hyper gamble vacation the speculation is just going to get more and more and you'll be
able to do that in everyday products like how many fucking cans of fucking tomato soup is on the
shelf today and you could probably bet on it like it's just it's just like it's gonna just increase and this is just how the world is right now like gambling's deemed accessible
is not illegal anymore people got suspended and banned from baseball for betting and now anybody
can do that inside of a stadium so you just imagine that that culture is gonna infiltrate
just everyday life and traditional stuff and you'll be able to put on your vr headset
and just talk that you want to fucking bet on something and they'll find a market for it so
it's definitely interesting times guys like this is this is what we've been waiting for i mean i
don't know if this is actually good but this is like black mirror-esque shit right like social
credit scores gamble fi it's just getting kind of interesting and And just like I saw, did you see that hack today with Monero, Chief?
Cubic basically performed a 51% attack on Monero.
Like now we're having like class warfare with blockchains.
Cubic just reached a 51% share of Monero.
This is a huge feat.
They will be the first to manipulate a cryptocurrency
with a 51 percent attack. They intend to orphan all blockchains from every other miner, making
themselves the only mining entity of Monero. The only way to mine Monero will be through them,
and they are 3x more profitable than mining Monero directly. They are giving half of the profits to miners
and selling the other half of the profit to buy cubic and send it to the burn wallet. If they
mine 100% of Monero's blocks, this gives them 432 Monero mined per day. This is about $118,000
at the current Monero price. They keep keep 50 of it and they give the rest to
miners making their profit about 59 000 of cubic being burned every day that's about 400 000 burned
a week and about 1.6 million burned every month this is insane this is the history being made
cubic a less than 300 million dollar market cap will be the sole miner of a six billion dollar
market cap coin bro you believe this dude like class
warfare with blockchains like bro chill out like why are you fucking my chain over dude like
monero's this private chain i guess the tari people i bet you tari probably caught a bid
because they're next they're next well i think tari makes it a little bit more difficult to hit
just because of the merge mining bullshit
so it makes it harder but i don't even know what the hell is up with tari bro i mean
it worked so well pre-mainnet and then now like it excuse me it half mines uh the cpu
mines the gpu doesn't if you mind all the pre-net you're you're like money is still locked up i don't know dude
uh we need fucking whatever what was his name uh naveen to come tell us how to get this to work
because that was supposed to be a solution or another alternative to monero you know
yeah i just thought monero was like this steadfast thing and then you have like this small little
fucking mining fucking blockchain blockchain take it over
i would think that all these all these mining blockchains are are on call right now trying to
figure out how they're not going to get 51 attack so and i guess the last thing was just kind of
buds and hacks is dokuan uh the golden goose of the last cycle pleads guilty to two counts of
conspiracy to defraud wire wire fraud over $440
billion crypto collapse, judge says in U.S. court hearing today. So Doquan pleads guilty,
him, Sam Bankman-Fried, all in jail. We're kind of the people, everybody propped up
on the pedestal as these guys are our saviors, and now they're both in jail. So who's going to be this class's golden goose to go to jail?
Is it Michael Saylor?
Is it Tom Lee?
Like, who gets slaughtered this cycle, Chief?
I mean, I don't know if it's probably not Michael Saylor.
I don't think he can do anything.
I think his liquidation is like $40,000 or $41,000.
$73,000.
Yeah.
The last buy that he did last week moved his average up his
average used to be 62 uh he bought 115 bitcoin last week for i think like 18 something like
him 18 million or some well i moved up his average to in the 70s. I think it's like 74 or some shit now. 73.
Yeah.
So, I don't know.
He's still far away.
I mean, I don't think that we necessarily need a golden goose or someone to get slaughtered.
I mean, I think it's okay the way it is.
Pitting up top.
A new telegram bot slash this blockchain went live last week.
It is the Sproto Gremlin.
I guess you could call it an L2.
It's their chain for memes, right?
It's literally connected to the Harry Potter, Sonic Obama coin, as well as the collection, which is called Blockchain LOL.
This is built on top of bara right slash we'll be launching on bear as a fork of it through pol all the info is pinned up top if you guys are
interested in trying something new um or you you know are as proto and you haven't been dabbling
the new tg bot makes it easy for you to be able to get some
uh testnet right blockchain and testnet either whatever so you can be able to practice and play
around on the on the chain itself and then as always i mean could be an airdrop could not be
they are more or less uh surprisingly still at that you know 0.6 to 1 eth range and haven't left that in the last three to four years so
definitely one of the first cult nft coin communities that ever existed yeah i mean i
think i did a uh a tick tock back in these like when they first were talking about it to get on
testnet and play around with it but i mean if there's no meme coins that are taking off on
fucking barrett do you think there will be on a fucking L2?
I don't know.
Kind of interesting that they're still at this.
I would just move to Abstract.
No, I mean, Abstract is fucking heating up.
I mean, out of the things that are pumping
in the past two weeks,
obviously it's about incentives, right?
And you saw like Pump Fund went down the pill
a few weeks ago,
and then now Pump Fund is regained and now like
bonk funds doing like 50k of revenue you're seeing ethereum revive because ethereum price is going
up and people want to speculate on fts and then you see abstract that's basically you know abstract
august it's having like some of the most tbl added to the blockchain in the past two or three weeks
and it's just interesting it's like the things the or three weeks. And it's just interesting.
It's like the things, the space never kind of ends.
It's just a cycle of like, who's going to give me,
what do I have the best opportunity to make money, right?
And like Bonk Fund's best opportunity was like, okay, we hear you.
We're going to support memes and we'll buy back and use revenue
during kind of the revenue meta.
And that lasted about two to three weeks.
And now Pump fun is back
dominating because people are speculating the airdrop but also alon's out of the fucking
basement and tweeting that he's supporting coins and then you have moonbirds yesterday
basically announced their cato leaderboard goes live and typically when you see cato leaderboards
it's leading to some kind of fucking token right and i think that's why you're starting to see moonbirds starting to peak again right because they're up they're up three now
and i mean that's another legendary run from uh we talked about him here on the show but
i mean you got the town's airdrop which got you about 1500 per bird right or acid in that ecosystem and then add that run up to about two two and a half
uh they got the monad og badge right and then now this kind of you need to pay it's anywhere from
100k right i think is the smallest leaderboard you can get and then it gets bigger based on the
length of campaign etc etc for kato so he dropped another
100k so something's coming in that sense of it'll be probably a token because they they didn't claim
or take talons right they took all the other assets and kind of talons just died off and faded
so that's the only thing that that ecosystem is in a sense missing right and then you have
That ecosystem is in a sense missing, right?
And then you have the Mythics slowly starting to catch a bid.
They're at 0.3 with Moonbirds at 3.
And then you have the Oddities that are slowly, I mean, even slower starting to catch a bid too.
They just look 100% different in the collection, right?
You have the Mythics and the moonbirds look almost identical
as the owls etc kind of a cute pfp you could say and then you have the oddities which is just
a little bit of the darker art from grimplin himself so a little bit of provenance due to
the artist but not as much of the marketable ip so to speak, I mean, Cyrus has a chart here.
If you told me that Moonbirds with 20X in two months,
you'd be the best performing ETH beta by far
at the start of the summer,
would have generally thought you were mentally unwell.
I mean, I don't know, man.
I even faded my own call.
I didn't even buy one.
But I mean, I had the thesis that Spencer and this team
was going to be the next fudgy penguins like i one of my one of my calls that i'm like i knew this but i
didn't take actually the call so man like i'm regretting it like buying these things at 0.5
back in june man was probably one of the best cooks that you could have had in the past three
or four months now what are they up three each which is almost 15k dude like one
thousand dollars to 15k man you can't find out that's crazy you said three 15k house about to be
like oh it's at nine grand but no no not nine grand not even six or seven grand 15 boy she sounds crazy good isn't it crazy dude we're at four four four five four four four
four thousand four hundred and fifty four dollars for one ethereum we were at thirty two hundred
dollars this time last week chief we're up over twelve hundred dollars on ethereum in one week
you couldn't like hated raleigh like unexpected uh i would i would say so dude
and like man it's i mean not really that was the only one you can say unexpected hated people i
mean this is when you fucking drown out the timeline you simple grab your fucking fingers
bro bitcoin broke all time high let me put this little piggy down. Sol broke all-time high. Let
me put this little piggy down. Everybody says ETH isn't going to do it. ETH isn't going to move. It's
the worst chain ever. They have more money locked in TVL than every other chain, but it's a piece of
shit. I don't think it's going to move at all. Fuck ETH. I'm not going to buy any of it. I mean,
dude, use common sense. I mean mean the chances of it just being the one
that just falls off the cliff and completely dies when there's more money than every other chain i
mean probably zero to none so it wouldn't be now but it would be your day or your time sometime
right sometimes you just process of elimination some of these plays are a little easier than you
think even if it gets really loud on the timeline
where do you think it goes eth price by end of your chief six seven i i don't i don't see it actually moving that much i think we probably cap out around like five i don't even think too much
higher than this i would say like 56 to 5800. so you thinking like less than a 1x from here yeah
i honestly do.
Because in my mind, then I'm not seeing that Bitcoin itself truly accelerates and we tap into those pension funds and all that kind of 401k until probably Q1 of next year where people restructure their portfolios for the year.
Right. Not necessarily right now in the middle, not Q3, not Q4.
Right. Especially not you'd set yourself up for a new tax year,
for a fiscal year.
And so I'm- I just like, we, yeah, I kind of,
I think you might be right here,
but I think it goes a lot higher, dude.
Because we never had ETF inflows.
Like we had a billion dollars of spot buying yesterday.
And then you know the degenerates are going to come back
and want to-
But GUE is still low.
That's the thing.
ETH is inflationary until GUE gray is actually until it's used when it's used it becomes deflationary
we're not having that this is one of those things that those issues that you have is that you solve
the solution of number go up because you're buying assets but there are multiple i guess you'd say
levers cranks and pulleys to this right bar? Barra solved the yield problem, but no one used the chain.
Because why the fuck do I have to use the chain if you're offering me 100 APY to sit here, to literally park my money?
Well, who's going to use the chain?
That's your problem.
You figure it out, right?
And so I think that that's the thing that you're going to get into as well, is that we're not getting gas spikes.
Who the fuck is using ETH?
ETH is going up.
It's skyrocketing.
Who's using it?
Because you can use the ETF to purchase it now.
You don't need to buy it on chain.
So, like, yes, if there was all this was on chain.
But that doesn't make it deflationary then.
That's the difference.
ETH is ultrasound.
Yeah, it does.
It's almost deflationary as fuck.
And it goes up to $300 per token, bro.
Like, once you have price discovery, the narrative follows, bro.
It doesn't matter.
And it's actually good that there is no gas on it because price is going to go up because people are buying the ETF.
And then people can actually perform and actually mint NFfts without having 200 away dude so it actually makes a better environment for speculation on this
main chain now that there's no high gas prices so but who is paying the then who is validating
transactions once again how are the validators eating if no one's using the chain if you're
buying it off the books then who is paying validators i think you're trying i
think what what's happening here is it's a rapid bull market and no one gives a fuck about
technicalities of fucking validators bro all they care about is prices going up and how can i create
betas and yeah and that's cool for right now that's not cool in six months bro i mean you just
gotta you can't pretend like i'm talking about by the end of the
year in this bull market you're thinking it goes up another thousand dollars yeah i think it goes
another 1500 bucks because once again the more dude it's inflationary the the the decan upgrade
that we did not the decan one the one before that right is when it actually became ultrasound money
and we were at a burn rate per day now we're at an
inflow we're overproducing eth every day and since it's not being bought on chain then that means
that that eth is just stuck on chain we're overproducing on chain eth and it's being sold
on the on the back end and otc through an etf that's That's my point. We're filling up one pool. They're staking it, bro.
They're staking it.
Like, it's all-time highs for staking ETH.
So that's taking it off.
Plus, like, yes, we don't have a lot of on-chain,
but once price hits $6,000 or $7,000,
you're going to see more on-chain,
and then that's more burning that's going on right now.
So it's like, if you see a massive amount of bees
coming to the flower,
and they're all going to use Ethereum, then that's more deflation.
That's more burning of ETH.
They're all using L2s.
They're all using ETH EVMs and they're not using that.
You see what I'm saying?
Like you're going into the same problem that we've just, it's suffered in a sense.
And like, this is cool.
And I see the adoption rate in the growth, but ultimately it's like trying to forget that it's an engine company
right i mean it's selling its engine out and eventually everyone's gonna have one i don't know
i just don't see the the legendary run the way that i do unless you get on-chain activity and
i mean through etfs you're not really getting any much on-chain activity and there hasn't been any
really evm native like daps like that killer
daps every dap that has came out ended up becoming its own chain and breaking off right from
hyper liquid right awesome dope dap to becoming its own chain and literally breaking off with an
evm tech stack i mean same thing uh barra supposedly good tech, right? Broke off, became its own EVM L1 with its own tech stack.
Katana, Polygon, same thing.
Taking now chain-owned liquidity, breaking off, building its own tech stack and dipping.
So, I don't know.
I think that its problem was the deflationary aspect of it, right?
was the deflationary aspect of it right which was that whole ultrasound money is that it keeps going
Which was that whole ultrasound money.
up and we went into a phase of of actual successful burns per day where eth was deflationary but now
adding more to the on-chain pool and not buying from the on-chain pool just leaves more on-chain
eth okay well i guess we'll find out right Like no one can prove what's gonna happen now.
I think that me, like if I had a prediction,
I think we're going to,
oh, what's a round number?
$8,888 per Ethereum this cycle.
That's what I'm gonna say.
I think it's always some fucking number.
I think it was 4666.
Bitcoin got the 69,420.
I think 8888 sounds like round enough, and I think that's
where we're going. And it's just all this technical shit only matters in bear markets.
When we're talking about smooth brain, let's fucking craziness, like the euphoria that we
haven't seen in four years, none of that shit matters. None of that no one cares about that
shit. It's all about, all right, let's get as much as this in our fucking wallets and let's
try to fucking mint as much shit or let's try to flip as much that shit. It's all about all right Let's get as much as this in our fucking wallets and let's try to fucking min as much shit
Or I was trying to flip as much as shit and that's just gonna improve
Yeah, if you're new though that that all that only matters to new people where the new people that
Well, that's what we're expecting to happen here because the old people think like me. That's my point
The old people think about well, this is that's not how it works
The new people are like yeah number go up. Let me keep buying more, you know
So I agree with you to a certain extent if we get retail. Yeah, if we don't if it's us
Seeing the same shit, we're gonna keep having the same price action the same movements that we are having, you know
Yeah, maybe right
I mean just like etfs on top of just more people coming back
Would just be a new dynamic
We haven't seen last cycle and could be enough to kind of push us forward So we got Iceman up here I'm ranting and babbling what up Iceman how
we doing yo yo what's up man TD Air State for um no real quick if uh you guys aren't tuning in to
Crash Out TV though uh you're missing out on a good time bro because you know we gotta get this
uh six seven type uh price action you know what I'm saying? But no, just real quick.
I don't have too much alpha.
I just wanted to drop something from the Somnia network that basically you have to do.
It extended one more day.
It's authenticating yourself, basically.
There's no KYC or nothing with Athena teaming up with somnia to basically just get rid of all these
bots um tge is approaching soon and you definitely want to do this to make sure that you get part of
the airdrop or uh som that's that's you know you bring up a good point post that up top because
that's basically an anti-civil if you've done anything on this network at all through the months that we've been fucking talking
You guys make sure you go and do this
Right. I mean it doesn't even matter if you're you didn't do bought activity
This is a hey prove that you're not a bot if you didn't do it
They're gonna assume you're a bot. No one cares what you say. So just go do it
Then they watch their foundation page recently so yeah they
is right around the corner yeah tg is right around the corner um i think they got something
cooking up with with mega e2 i think mega e is gonna drop their main net here soon too because
um like i said i've noticed from things just seeing on like verbal.fun um all of the nfts from somnia uh mega eth a bunch of other tge um things that we've seen just
run through there through their nft so it's just all their test net is basically getting there i
think maybe holding some nfts speculation on there will probably get you some stuff but um
yeah just make sure that you you're checking all your boxes and everything
for the somnia stuff uh i i really do think that they're gonna take off with this gaming thing and
being on a layer one and is just with the transaction speed and finality speeds with
gaming and everything is i think it's a big competitor in web 3 gaming so plus if you want to make some cash powered with google cloud yeah
solid solid stuff man there that paul is he's a smart dude i i reached out to him i sent him a
couple dms trying to get him on here just to come and talk some techie stuff but uh i haven't got
anything back yet i saw the play sparkball had some fud announcement saying that they're running
out of fucking runway and shit.
And they had to sell some NFTs to fund themselves.
I know they converted from Monad to fucking PlaySomnion.
I don't know, man.
Seems like gaming's kind of fallen to the wayside in this cycle, dude.
No one can deliver shit.
No one has the funding to do shit.
So we'll see how it performs.
I mean, if you farm the test, then i do think it's gonna be cooked but you know once it's live and actually has users we'll actually get a like real use case
of this is actually being used or not and you mentioned athena which is nuts dude like it do
you see what where that is ranked cheap it's like a top eight token bro like i go look at the chart
and i saw athena like number eight on all of cryptocurrency. I'm like, what in the world?
We were talking about Athena like so many months ago, like two years ago,
when I was talking about Chamath and David Sachs or big investors.
Stablecoins are going to be, you know, the main topic when the administration gets in.
And, you know, them being part of the crypto advisory board,
they're going to, you know, pump their bags and Athena is going to go up.
But I never thought it would reach the top 10 and uh tokens and all the cryptocurrency so
that's just another one dude that just kind of surprised me a lot of these tokens like bnb's out
of the top 10 you have athena up there you have pumping the top 20. like a lot of these tokens in
market cap are surprising me man like now that we're kind of getting into kind of this more each
phase you're seeing a lot of like light Oh's
Link is up the link is running crazy, bro Everybody is assuming that link is gonna be the next one, right? Because I mean think about it like this
Everybody wants their own blockchain. Well, how are they gonna talk to each other?
Okay, then now enter link, you know, so it definitely adds to this validity of
Everybody wanting their own chain and everybody essentially going to break off on their own yeah you're starting to like it's not
coin season it's east season but you when you see when you have basically announcements of like
these big people like circle and these other guys like and east staking all this like they need like
if you want defy to succeed which a lot of wall street people are successful in and want to actually do in this space you need
chain link right but like what do we always say the cycle goes it goes the btc it goes the eth
and then it goes to large caps and you're starting to see the beginning of the large cap uh cycle
yes they are eth kind of defy centric the lightosenas, the Lynx. But then it goes from smaller mid caps,
and then it goes into altcoins. And we haven't hit the altcoin phase yet, even though Ethereum's
breaking out. Altcoins are still bleeding compared to ETH. So we still probably have until maybe a
pullback in September. And then October will be kind of that altcoin season that we all kind of
where you make 80% of your gains is during like that October, November period.
So you're starting to see the rotation into the large caps, which I swear to fucking God, I didn't think that we were ever going to get.
Like we've been beaten down.
Bitcoin's been leading the way for years now.
And then now we're starting to see ETH take off.
And now you're starting to see those like links and these other ones that have strong communities.
XRP's starting to get a bid. And they you're starting to see those like links and these other ones that have strong communities, XRP is starting to get a bid and they're not even near their all-time highs from like even December. I think links at $22, I think all-time high in December of last year was like
$36. And I think, I forget where it got in 2021, but man, if you just zoom out, these charts are
barely making candles. Like if you zoom out to the four year, it's like, okay, fucking call me later. But you're starting to see the rotation right before your eyes. And the fact
that you're here, you're starting to like realize this happening. And like, typically, like people
said, like buy the 10% candle, don't buy the falling night. And you're starting to see these
little candles pop up. And this is where you need to start paying attention and get in these before
they start taking off. So this is the time guys. This is what we've been waiting for.
We've got about 84 days left of this.
And that's going to go before you know it.
So you need to be paying attention.
You need to be locked in.
Yes, retail isn't here yet.
But they don't come right now.
They don't come.
They come at the very end.
So this is where you guys load your bags up.
And then you sell on them when a fucking October, November rolls around.
So just because there's not euphoria on the timeline yet, doesn't mean
there isn't a lot going on. Have you got your phone
yet, bro?
The Seeker? Yeah.
I didn't fuck, like, I went,
remember when I asked you, because they were charging
me $500 for that shit?
Yeah. I just didn't fucking buy it.
I went to the Discord,
I redid everything, it still said
$500. Like, I'm not paying $500 for this phone
So I just never bought it
Yeah again it makes sense for you to pay again
Fuck that
I heard it's coming though
I haven't got mine either
Apparently just be on the lookout if you
They're getting stolen bro
People don't know it's a fucking soul phone
People are just stealing it because it's a cell phone
But yeah People are getting stolen you can't really do much because
you pay it on with blockchain and shit so that's the one thing that we've yet to kind of master
as well too it's like well there is no customer service right we're going and we're pushing all
these real world products uh we're doing all this kind of web 2 shit and all this web 2 stuff comes with different
levels of security for being a real company right none of that stuff is offered anymore or is
offered when these web 3 products come in right there is no customer service or anything to call
so i don't know just be on the lookout for your phone you can track it on the seeker page yourself
so make sure if you are expecting one
Keep up to date with that. It should be here in the next couple days
That also does come with the new solana token, right?
So that'll be the new one from the soul foundation
So be on the lookout for that
Yeah, I was just like looking and just in general just like
Like where is the money being made right
now and it's like mega eth it's kind of like anything that launches on mega eth can never
sell out anymore like we've had that uh mega heroes nft that had some fud before it only
sold 400 and had to cut supply hyper liquid basically nfts are popping up over there but none of you can get any volume it just looks like
abstract right now eth solana i guess there are some plays on bitcoin obviously with like the brc
2.0 and all kinds but it's not like well publicized you have to be kind of trenchy
and that kind of stuff is kind of hard to like understand so like where else are you seeing
money being made right now chief like all these other than abstract it kind of feels like that's the only test net that's actually like
making anybody gains like any l2s like well i mean it's because it's not necessarily a test
net right people are playing games and doing other shit like that and then making any money
from the abstract airdrop is just going to be a byproduct of either having fun or spending some
money at their casino type thing right i mean dude they're hitting runners on fucking soul damn near daily still right i mean
it's not as often but you at least have one good token or a couple or a handful of good tokens that
are running damn near every day so you see that right uh not not to say that perps are kind of like easy mode,
but a lot of this stuff has just been trading in a range.
One other thing, right?
I mean, you can go set up your levels and play on these ranges.
There's been some decent money to be made on these move ups, right?
Especially playing data.
Oh, CPI data came in.
You knew that was coming last night at midnight.
Could open the short, close it this morning when you woke up for some coffee. Set yourself up for new data that was priced in that everybody already fucking knew. Open another two, three eggs a little long and have your fun, right?
Opportunity of the the multifaceted trader or the kind of being all over the place, right? Oh, and if these are popping up
We got some DGN shit come over here bet have your wallet ready have some money that you have the ability to participate in
get a little freeman do whatever move it on to the next one so
Just really doing that dude really taking advantage of kind of trying to be all over the place, right?
If I see an opportunity
for a scalp on a perp trade i enter uh if i see an undervalued nft collection or i see something
getting some volume we've been having degenments damn near daily right and they've been free or
like five bucks or something like that so at least worth the gamble and i think that that's really
the bread and butter i mean it's none of these homers it's a lot of uh base hits a lot of you know two three hit runs yeah i'm just like as a new like
when we find like new nfts and i see it's on base i'm like i'm fading it when i see now hyper liquid
i think you could there are like the hypios the hypos they got it to like two if you
minted but after it's just down only um the mega eth is failing to even mint out and then like
obviously abstract they're having some like cooks in general i don't know if there's anything new
over that it's actually but it's like nfts and and memes are going pretty ballistic and then
obviously soul like that's that's a given right like it's just that that's the casino that's where
a lot of it's at but they have perp trading
Obviously because you don't know right? I mean the the crypto fish sat there for months
And then in a sense same thing you just but if motherfuckers like well, this is sad
You mean i'm honestly at the mint and flip stage of where it's a kind of minimal down risk
I mean, we did this last bull run that's why everybody
is hidden folders are fucking so fat you didn't give a shit i mean if it's jpeg season we mint
in jpegs bro what jpegs are we minting today oh this is free and this is coming out on
fucking whatever right the other day we were minting the zeta chain nfts yeah it wasn't much but it did a little 7 8x or whatever i mean still won much
because zeta is dog shit but at the end of the day i mean it's getting comfortable being all over
the place and it's really just moving around for me i mean when i kind of go jpeg risk on i meant
all jpegs and end up with a million rugs bro yeah i was just thinking of like the actual it seems
like last week it seems like
last week it seemed like it was eth right like and if you are looking for new mints i think you
could really start just focusing on mainnet ethments obviously we had digital slops which
are free they got up from free i think they got up to a peak of dollar amount up to 160 170 dollars
so that's nice and then obviously the crypto fish were just like a point of three mint They went up to point four five. Yeah, but if you think about it to access like now now sit back and think to banger
JPEG mints in the week. I mean, let's not get greedy, but down how much more you want fam?
I mean just playing
No, yeah, I think that's that's where I'm saying I'm like I think if you need to concentrate on new mints
I think the ones on aetherium are actually giving the biggest bang of the buck oh yeah 100 because
i'm like dude you played slops made some decent bread anybody could have played slops you could
have swept secondary for 15 whatever and then you could have rotated made some money played the
crypto fish shit like i don't know i don't think i think that this hyper rotation that we're used
to with coins isn't how jpegs work and these one
cook a little bit longer and uh a lot of this stuff is one one will get you through to the
next checkpoint right you bang on slops you make a bag you sit and you wait and you don't force a
trade until you get another one and then another one right it's a little bit slower in my opinion
so yeah and i also think that keep an eye on Sol. There's a lot of just meme coins that are popping up, but they're all now creating their own NFTs.
Yeah, and most of them are free or super cheap.
Yeah, the Clippys basically is one that I'm looking at right now.
Clippys is like a brand new token.
I was, you know, Clippy, I mentioned it all the time.
We're like digital agents, but what do we have in Windows 95?
We had Clippy to walk us through, walking through fucking Windows windows 95 and then they fucking create a coin like four days ago uh got up to like 32
million dollar market cap and now there is uh these clippies that are on magic eden and so like
if you want to bet on the token you can but you can also you know get double exposure just play
the nft which is a smaller supply and probably have a bigger you
know supply shock if you know this gets more attention and so kind of seeing like the new
prominent nfts that pop up off these meme coins could also be plays on solana which are kind of
fun to play because they just kind of go up pretty quick right and so that's something i'm looking at
obviously looking at you know prominent meme coins now that you know pump fund the 19th coming up you
know everybody says that Alon loves the
number nine. And a lot of people see him ramping up marketing and there possibly will be announcement
on the 19th of August of some kind of airdrop. And then obviously them kind of leading the way
back, beating Bonk again in revenue. You're starting to see like this more galvanizing
of the PumpFun community community and then now them backing
actually new launches and new coins in those ecosystems and so you saw like kol scan yesterday
which is bought by pump fund was marketing clippy you see the the marketing of troll you see alon
talking about fart coin so you're starting to see pump fun actually gain more mind share and all
these meme coins are kind of going up again like they did in december and now people instead of just playing the meme coin they're also
launching their own nfts so if you can keep an eye on this if you see one kind going parabolic
turn notifications on maybe you can also play the nft which i think the clippy one was free and it
went up to like 1.1 soul yesterday so that's's, you know, free to $175, which is similar to how digital
slops did. So I think that's another one to keep your eye on. Got flame up here. Long time no see,
my brother. How we doing? You got some alpha for us. What's up, man? How we doing? I'm doing good.
Thanks. Yeah, I do have a little bit of alpha for you guys, depending on whether or not you've
talked about it already. But it was this thing that uh dow man told me about uh bitcoin they have
these nft miners and apparently um according to him it's app well it's definitely abstract related
um has something to do with mining mechanics and according to him it says lucas says if it works
then maybe there's a coin that goes to billions so it's basically like this passive uh web mining thing that you can just connect your abstract wallet to um and you can
buy a miner for like some nominal nominal nominal amount of eth uh 0.0075 eth so i don't know it
seems like for the entry price that it might be something that's worth playing
around with especially since abstract's hot so i figured i'd pop up and share that with you guys
yeah he had he was on a stream i just pinned up top where you know how bitcoin basically used token
mining as a distribution method and you know that's how all the early coins did you know
like you basically hooked up a miner like dogecoin and you got tokens that way and basically bitcoin i guess is launching these miners and luca is
basically calling it like i know my coins i know the utility plays this could be a billion dollar
narrative i don't know if that value goes straight to bitcoin it's at seven million dollars or it's
someone that uses launching their meme coin and uses this miner as a way to distribute the token
is the billion dollar coin.
So he's coming up with these miners that basically anybody can launch their meme coin on.
And the way that you distribute the token is hooking up a miner, our digital miner,
and that's how you get the token.
And so I think that is something that you got to keep your eye on.
And Luca is promoting it as like a billion dollar idea.
He knows it's a billion dollar idea. I think it's just like a coin actually using it as a way,
because I mean, there are some benefits, right? You don't have the block sniping,
you don't have KOLs getting, you don't have a large percentage being held by
like some whales. It's basically like proof of concept. And the longer you hold,
the more tokens you get. And that's a fair way to distribute a token then kind of doing these kind of uh these kol buys or just having a market
promotion that way so pin up the thing up top um it could be interesting to see it and obviously
luca is bullish on it so we'll see i mean i was thinking that maybe the bitcoin would go up but
it's still at seven million dollars so maybe that means it's a good time
to jump in i mean it's always nice when you hear about something that hasn't gone parabolic yet
also it might be a good way to just earn abstract xp you know i know everybody's still
kind of hyped on doing that so hopefully that plays out that way too i got a real quick i got
two lists pinned up to the top for anybody that's interested on some jpeg mints uh some of these
you've heard of some of these you haven't go grab your pom-poms and start twerking on the timeline
start twerking in the dms right i mean i always say it's always good to have the opportunity to
mint rather than be sitting there on mint day pissed as fuck that it is a banger and you can't
so doesn't hurt to shoot your shot i mean you already don't
have whitelists you asking them it can either get you whitelist or you're in the same position of
not having fucking whitelist to begin with right so open up your mouth if you want to get fed
there's literally a list two lists of about roughly 20 25 different projects that once again
could be absolutely nothing but could be something
and if it is you at least want to have your spot secured go ahead allison jim
listen hello are you there probably at work she
yeah um i guess the one thing that I had was,
remember we were talking about that Telegram game by Doodles, Doodles Up?
Apparently it goes live tomorrow, August 13th.
So if you guys are on that Telegram game, it goes live.
It's actually been anticipated to launch Doodles Up.
Doodles Up is Kyle's Journey, a competitive skill-based game on ton
powered by Olympus multiplayer gaming infrastructure.
Those who get in early get access.
Rare loot boxes, special bonuses being the first to the portal.
You can go to t.me slash doodles up slash bot question mark.
Players can engage in head-to-head competitions against other players.
Monitor your progress in standing on a leaderboard.
Earn more rare and valuable items.
What's it going to be?
A rare box, by the way.
So yeah, that's going on tomorrow.
I know we kind of told you about it earlier,
probably like two or three weeks ago.
And people have been wondering.
And then like the Doodles team posted a like,
like some flames.
I don't know if that means they're gonna burn dude token but
that could be an announcement tomorrow you probably see a token well don't you burn on
the duplicators i don't know do you i thought you burn your like yeah you put your assets in
the duplicator and you burn them to become a new asset or something like that yeah so they had
like dude morning and then all this burning so maybe they're announcing a burn i don't know but
you know that would make the price go up i'm not saying buy it but just kind of trying to connect
some dots here they just mentioned the token and dude morning and then fire like that makes me
think they're going to burn the token and so it could be like a speculative play for you guys to
get in it looks like allison's having some trouble requesting up here.
So if we can get her up, and if we can't, then we'll just end the show.
Have you got anything else, Chief?
Allison, I don't know.
I said that there's an error out of her up.
Yeah, Allison, it's not working.
Sorry about that.
She did, I don't know exactly what she was trying to share or what to bring it up,
but she dropped a little bit of alpha inside the Discord earlier this morning, too.
So if you guys want to check that out, could be related, could not be related.
But yeah, go check it out in the Discord if you're in there.
Yeah, I guess we can wrap it up, bro.
I think that those two lists are plenty of homework for anyone that is looking for
something to do or an opportunity to find um allison go ahead yup yeah we'll try this one
more time i had to keep coming in and uh leaving this space because i got rugged like four times
sorry about that uh i just want to talk about what flame was talking about about bitcoin um
this is actually like a project that came out like
much, much earlier in the year by someone named Big Toshi. And I don't really know,
it didn't work out. And it basically went to like 1 million market cap and sat there like all summer.
And then board Elon and EJR took it over. And I'm going to pin to the space, mostly for Flame since he's still just learning about it.
And anyone else that's interested,
last week on Eli's live stream called Max Extraction,
can't talk, Max Extraction,
he had the Bitcoin team on
and they talked all about like what they're doing.
And now the miners are NFTs as well.
That wasn't the case previously.
So there's a lot of updates happening there and I don't know.
Yeah.
It's probably a smart play and a good way to earn XP along with all the
meme coins.
Chief,
I caught you saying something when I was coming back into the space.
I heard you say my name,
but I didn't hear because I was connecting.
What did you say?
You're having trouble. Just saying that you're having trouble connecting yeah oh okay thanks for the context because honestly like knowing that board elon is attached
like makes me feel better about it because at least he has some integrity and is a smart dude
you know not everything that he's done has worked out but he always gives it a hundred
percent whenever he he you know tries to do something in the space so that's news too i
didn't even know he was behind until he was talking about it on that mainstream on that uh
on that live stream so he's behind it obviously we'll see how it goes uh it's a cto though mind
you cto i think that that's also an important part because i think um i mean that absolves you of a little bit of responsibility
but it's also not to be used as a scapegoat you know like you chose to cto this so you knew what
you're up against you can't really use that as a oh well i didn't you know it's a cto yeah cool
that works for like a month after yeah i said did you want to talk about odin.fund got hacked again or
exploited yeah i did uh just posting that up there that if you got your funds on odin after
uh well first go check if they're still there uh two if after the second hack and the millions of
fucking times of me telling you to quit playing this Bitcoin VM game.
You didn't fucking listen.
And I don't have nothing to say to you, but go check for your funds.
Go see if they're missing.
And rest in peace, Odin.fun runes.
This is always one of the issues when playing with not direct Bitcoin itself.
We've kind of shared that with you guys,
right? You can't do the traditional things, right, that we want to do or that you would want to do
on regular Bitcoin. So all these are basically VMs, virtual machines, instances of Bitcoin running
with their own set standard rules. Each one of those rules, each one of those
standards enters a new attack vector. And that's why Bitcoin itself is the most secure blockchain.
And every time we add anything on top or remove it, then it's no longer Bitcoin, right? Like,
that's the true honesty of it. It's just not Bitcoin anymore.
So if you got your funds on there, go check. They might not be anymore. I'm sorry for your loss,
but you kind of deserve it. And we've told you so. We told you so. Yeah. Isn't that on ICP?
I just want to chime in really quick on that. You know, to Chief's point, these are UTXOs, right?
And PSBTs, like, this is a whole different thing than messing around with a platform that's novel where you play with meme coins.
Bitcoin is not a meme coin.
And you want to be careful with those stats, man.
Like, that's why I haven't touched any of that stuff.
Because unless I know for a fact that my Bitcoin is safe, I don't like attack vectors as it is.
And I've fallen victim to that stuff on smart contract platforms enough.
You don't want to fritter away your Bitcoin on ordinals and runes.
But don't throw it away on untested tech, man.
Yeah, I mean, we talk about experimenting all the time and just having fun right but at the end of the day like just because you've been
in an experiment for a week doesn't change it's still an experiment fam i mean even when runes
and ordinals first launch if you actually go back and listen to hell money podcast they were
explicitly clear when they moved from alpha to beta to being in
mainnet and what the difference is and all of those different stages, right? It's something
that a lot of us don't consider. But I mean, there's different implications when you're on
alpha than there are when you're on beta or when it's mainnet or when they've officially said,
hey, this is our work. This is our name is out there, and we think it's a finished product, right? So these are all experiments. Have fun, experiment,
but never, right? Connect your main wallet to this stuff. Always do best practices and always
remember too that it's all about, I mean, you guys, yeah, it's the boring side, it's the tech,
no one gives a fuck when number goes up this is the time when all that matters because
oh shit regular bitcoin ain't fucked up if you didn't connect to their website you didn't transfer
something into some smart contract that you have no idea about i mean my my stats are here other
people's stats are there right so this is when the tech does matter is when you're trying stuff
that's new and this is the third hack. The second hack actually.
Second or third.
I don't know.
I can't count.
But shit.
And in Vegas he was pretending like that didn't even happen.
Right? I was the asshole in his lecture that asked about the hack.
But I mean.
It was a silent.
Anyway.
Yeah.
Be careful.
You're getting blocked.
I don't give a fuck bro.
I mean.
You can't block me in real life.
That's the thing about it too bro. I'm about that life. I don't give a fuck, bro. I mean, you can't block me in real life. That's the thing about it too, bro.
I'm about that life.
I show up everywhere.
Well, and last thing I'll say, you know, like the more regulation that goes through, the more mass
adoption institutions are taking in of different forms of crypto. Like we're definitely heading
into new territory. And that just means more scams are going to pop up because the more people that
get involved with the space, the more people are going to try to steal your money. So now is the
time if you haven't learned about stuff like delegate XYZ, if you're playing with smart contracts or this and that, or not using burner wallets or playing with WalletGuard or any of these other things that people have been building since the boom in 21 to try to keep you from losing your shirt.
Learn that stuff because otherwise you're just a prime target.
That's when you know the bull market's back is when scams start heating up again so it's bullish it's bullish we saw a 51 attack on
fucking monero today we got fucking fud happening 60 bitcoin taking away odin dot fund so the people
are back the main industry of crypto which is scams is is proliferating which makes bull make
you know we're back dude we have ethereum about to break forty five hundred dollars as we
speak we have pump fun fucking pumping i mean we're getting a nice little afternoon session i
don't know what happened to fart coin yesterday someone said that like a bundle fucking sold that
shit went from like a dollar seven all the way to 88 cents so like there are coins that are doing
well and there are some coins they're not doing well but we're at the like the very beginning of
this kind of golden you know i guess the end of this uh end of this
cycle but this is where everybody makes 80 of all their money so ruto what's up brother thanks for
stopping by how we doing this morning what's up fam just got off uh one of my last meetings so
i was like yo tda's up about to come pull up and see what's good what everyone is talking about yeah markets uh
markets looking frothy dude eath is doing insane numbers shout out to men who opened up a
fucking half a million dollar long on eath at like 3600 bucks dude what a generational trade
right there um killed it i've had some longs open myself actually been diving in more into
Hyperliquid and doing
it's just DeFi season for me bro
this is the most DeFi
shit I've ever done
in my life in all the years I've been
in crypto mainly because
A, there's just tons of airdrops happening
just got one for Succinct
Labs which ended up being like a
almost an $8,000-$9,000 airdrop which was nuts more airdrops um just got one for succinct labs which ended up being like a almost a eight nine thousand dollar
airdrop which was nuts um more airdrop that doesn't count because they gate kept it all and
only assholes were able to prove and and be inside bro because no one would prove to me that they got
a code until the airdrop happened i thought that i thought i was the cleverest motherfucker bro
everybody was like i'm making so many proofs i'm like prove it show me give me a code and nothing so yeah no i think that
that's a z that's one of the undervalued picks and shovels token uh that came out sorry to cut
you off but i was talking about it this morning with josh and a couple other people as uh if you're
looking at infoprays that uh plug and basicallyand-play ZK proof for anyone and anything is game changer.
Yeah, well, the idea is that, and I actually read the docs, the idea is that not only is it allowing for proofs, but it's allowing for optimized and cheaper ways to proof.
Yeah, because before you'd have to build it you custom build it yourself it would
be lengthy it would be uh hell of expensive right and they're basically offering an out-the-box
solution basically for you right come check a couple boxes say hey i'm using it for xyz
and within let's just say a week you're up and ready to go yeah and by staking and i think this
is why we're seeing price action on it by st staking your prove token, you essentially act as a validator and you bid on proves.
And the people who are looking for their proof to finalize, they're picking the cheapest option,
which is why you get more optimized levels of proof there.
And then you earn.
So every single person that actually validates the proofs,
the proofs, you earn
prove token by doing that.
So I staked a little bit myself.
I obviously took a little bit of profit too, and I rotated
it back into some other DeFi mechanics.
So obviously we have a ton of
airdrops coming from like Katana
and Turtle Club and
all these other stuff, but then I'm also
extremely heavily allocated
into Hyperliquid ecosystem.
I've been going down the green rabbit hole, dude.
It's bad.
I'm absolutely...
You're in Kinetic?
Yeah, Hunter, dude.
Yeah, I've been in Kinetic since day one.
I've been in Lambo Lands Project X since day one.
I'm in Hyperland as well. So I'm doing borrowing, looping.
I'm trying to put as much native stake on the Hyperliquid actual Hypercore product.
I've been doing perps trading as well. So I'm trying to earn as many points as possible because
I don't know if everyone knows but 15 15 billion or i think 19
billion dollars worth of hype token airdrop will be coming so like heavily heavily incentivized
for people to look into the ecosystem plus it's like i don't want to say it's risk-free because
it's not nothing ever is but um yeah dude i think it's just really undervalued right now so i've been talking about
kinetic i talked about kinetic last week and just them kind of been out for three weeks and breaking
one billion dollars of tvl i was like i don't know why no no one's talking about it because
why would they you get these k points that are like worth five to fifteen dollars per point
people are speculating no one wants to talk about this fucking cook that's under the radar, bro.
Like, why would the whale want to talk about that?
It also broke, like, every fucking record ever
of, like, an LST going from zero to over a billion dollars.
Dude, the first two hours,
it was at, like, almost $400 million.
Can you tell how impressive that is, Ruto?
As someone that, you know, works for Quintana, the Polygon,
how impressive is the break $1 billion in three weeks it's it's i've never it's unprecedented i don't think
anyone true in my opinion i think it truly shows you um the extreme appetite for um hyper core
hyper evm builder codes and hip3 because people don't know Kinetic, I think they've definitely positioned themselves to be
the first project
as an LST to leverage
HIP3 products down the
road and I think their
token will play a massive
role into that.
I think the two biggest opportunities in
Hyperliquid ecosystem
is definitely Kinetic and then
Unit, so Hyperunit as well.
They're also, they're in the actual hyperliquid documentation now.
So like the team obviously looks at them as like a core product in their ecosystem.
So I think the token unit that comes out is going to be also an insane cook for those who've been doing it.
There's tons of resources.
I don't know if you guys see them, Express express or achieve but tons of people have written articles blog posts about how best
to leverage a hyperliquid um ecosystem and farm points i think that's the one interesting point
about the hyperliquid that is that i mean cbb used to be on the timeline non-stop telling people to
check it out right that it's ultimately when it comes down to test net or pre-tge it has the biggest slice of pie to give out right but there's just been no
attention like at all on it i mean not even from the point of i would assume that hypios themselves
right as the let's just say flagship or primary nft asset of that ecosystem
be assumed to receive some type of airdrop from it or anything like that and it's just you don't
even see price action leading up in that direction either so i'm not necessarily confused as to
whether it's that big or i've been more so trying to understand am am I missing something? That the other people that have
been in the hyper or the hyperliquid ecosystem over the last, let's just say, three to six months
are no longer interested in, right? I mean, because you see a little bit of an exodus that
happened with actual hype-yos. You saw a little bit of a capitulation on the timeline over the
last, let's just say, week or two on that eco. and i don't know if it had to do with the airdrop or not or anything like that so i think
that that's a little bit just context of we know they have so much money but why is that not
attracting either the not even the civils or the bots or anything like that dude the the beauty of
it i think and it's this is just based off of
tens of dozens and dozens of hours i've done research especially the last two weeks because
you guys have known i've been shilling like i was shilling hypios at like 0.1 east on the show right
and like all the airdrops that i got from that in itself but i didn't really deep dive into
hyper liquid or hyper core and all their suites of products as much as I have recently. And I think the reason for that, what you just mentioned, Chief,
is because Hyperliquid is not concerned with or is even considering opening the door for either
investment capital or either paid partnerships or token allocations and in my opinion based off all the
research i've seen all the smartest people that have worked in built or contributed to
any evm products are basically all in on a hyper liquid ecosystem and it in my opinion
this is going to be super that's how the nerds were about fucking Barachain and look at me.
Nah, dude.
50 G's in the pie, bro.
They came from you.
They're ex-polygon motherfuckers.
Listen, listen, listen, dude.
All I'm saying is the amount of podcasts, blog posts, news articles, everything in between
from some of the people who've worked at Masari,
people who are huge VC angels, people who are huge product builders, founders, CEOs.
They're all saying the same thing.
I think this is one of the biggest generational opportunities in crypto for the next 10 years,
the hyperliquid ecosystem.
I also see that you need money.
I think that that's one of the elements too,
that it's not necessarily easy to Sybil because you, I mean,
you got to participate in terms of on-chain participation, right?
Like, are you putting money in pools? Are you not? What are you doing?
How long have you been here kind of thing?
Well, they're, they're, they're rewarding you not based off total capital.
That's obviously like you have an off total capital. That's obviously
like you have an edge there, but it's volume. So if with utilizing DeFi, the beautiful part about
DeFi is that you can take a small amount of capital and depending on how you use that capital,
you can generate a million dollars worth of on-chain volume and activity with like, let's
say 10K. Like you could easily do that. And there's articles out there of people doing it right now
who are earning 10,000 points across Kinetic, Hyperland,
and all these other projects with as little as 10K in capital.
So it's definitely easier than people think it is.
But I really think this is the BNB of this cycle,
where at least for upside, genuinely speaking,
I think it's a better product offering.
I think Hyperliquid and Hype is a better product offering
than BNB is.
They're already stealing market share for perps volume.
The next stage is like taking away spot trading
from all these centralized exchanges.
But I think the upside is insane, dude.
I think I've been buying every week and every single dip.
I'm just aping more and more and more hype positions.
I'm borrowing against some of the liquidity.
I'm putting it into Katana USD vaults as well to earn even more yield,
taking that yield out, rotating it back into stuff like
kinetic borrowing k hype putting it back into project x like i'm doing all this wild shit
because i really think this is like a i think i could look back on this in 10 20 years and be like
this was the most obvious opportunity of my entire life yo i just say i love it because that was me
bro that was me like uh in That was me like in January.
And I just hope, Bruto, you are not me now.
But I still have hope.
Like, that's one thing.
Look, I'm going to make it out these bear trenches.
Look, and I'm going to talk about it like it was my trade.
It just took like two years.
You know what I'm saying?
Instead of one or six months or some shit like that.
But, yeah.
Hey, I have a question uh real quick uh little are you
on the height team or you're on the polygon team i'm on both bro it's why it's i'm on the i'm on
the hype the hyper liquid i just asked the right question i'm on the hyper liquid hype train and
then i'm also on the polygon katana um hype train all of my bags are in all only those three ecosystems i even sold
off all my bitcoin dude i literally sold all my bitcoin so i can only play in defi and polygon
katana and hyper liquid like my life savings bro this is the first time in my life in crypto where
i said you know what i'm not gonna play it I'm actually going to take all of my life savings
and I'm going to invest it
and put it into these three ecosystems
because of how much of an opportunity I think it is.
I just think our bubble is just so degenerate
that when it comes to DeFi,
it's too confusing and people don't want to learn.
And when there are like TVLs
and things that people are telling you about,
people just tune it out.
Like look at the
meteor a fucking airdrop that's going to happen like no one wants to go try to figure out how to
create pools but that meteor airdrop is going to be fucking well it's because you can't necessarily
passively do this right to a certain extent you you get to the level of being passive once you've
earned that right especially when it comes down to defy because there's so many things you gotta like just take advantage of and also be careful of right and permanent loss is the first
one everybody tells you that right dude that's that is like the most basic level of fucking fear
in defy is impermanent loss yeah okay the token went down okay i mean you log in every fucking
day you didn't know that the price was going down on the token Come on now you're not managing positions, but once again, that's scratching the surface
Now imagine you're five six loops deep because your money is being triple leverage for a thousand points
This that and then you get a smart contract that just gets compromised
And then all your money goes down because one link in the loop broke
Right, that's what you don't get. This is a loop. And every time you make a new chain, you got to make sure that all those
what came behind it was well done and that you can afford to keep going down the rabbit hole.
But I mean, DeFi is fun if you've reached the point of making and having money to play with
and not needing it immediately, because and then you can okay
i'm down on the token price but i've accrued 5x more tokens so now i only actually need the token
to pump uh two and a half percent rather than five percent and i can come out with the clean exit
and so you can you you learn how to actually balance and manage the money rather than just
make money spend money blow money and lose money right so i mean dude the the trying to get people
interested is fucking i mean it's very hard uh because it's it's long it's boring i mean even
if there's opportunity there they're like what do you want me to do you're like nothing you just put
money there and you do absolutely jack shit
and just check it every day to make sure it's still there.
That's it.
AI agents are really going to facilitate degenerates
to get into these things.
Just ask them to go create a pool for you.
Go ask them to perform all this stuff when you can do it.
Like right now, we're just kind of relying on like tutorials
and people walking us through it.
But I do think that's one thing that AI agents can help us with is trying to figure out this defy shit because it is i think a reason why we
don't talk about it is because people want to get the next opportunity and they're hyper rotational
they're over trading and they don't realize they can make money off of their profits when you
realize that you take your profits and you put them somewhere and they give you a little bit of
money on money you had already put away
Oh now you're cooking now. You're not gonna just want to you
You're gonna want to deposit there more often like that's your goal is you I need to put it here so I can earn more yield
The fuck am I doing? I'm gonna make you know not only that but you can depending like on project X is a great example
I mean, it's a it's a standard decks, but but you put single side liquidity on one end of the spectrum.
If you're like, okay, I'm trying to buy the dip on Hype token, then you can do a single side of liquidity.
So as the price goes down, your USDT, for example, is buying up more hype.
Or if you are trying to exit a position because you're up a shit ton of money, you can do a single-sided liquidity pool on the other end of the spectrum
where you essentially sell on the way to the top
while earning yield, while also earning points.
So I think if you were breaking it down in a really dumb way
for people to understand, you could basically just say,
with DeFi, you're able to double dip triple dip
quadruple dip on your on your look your capital a lot better than just taking traditional spot
positions like it's just such an obvious and ridiculous way of making more money that's only
possible with defy so i think that for people in this space to actually get the money to to kind of do make this
is like they have to make money on the left side of the barbell which is in like the meme coins i
think a lot of people just stick to the left side so someone makes a massive trade they make 20k
then they're like oh i got more size i'm just gonna go sweep you know 200 nfts now instead
of just sweeping five instead of actually thinking hey let's go on to the right side of the barbell
and use that 20k and use some kind of passive yield or i can actually secure
profits or just put five bro put five to the side exactly like that's why we just talked about the
right side of the barbell which is hyper liquid let's go over to mr josh the boss the left side
of the barbell um how we doing josh like How many meme coins do you actually trade right now?
Six, seven of them?
About 25.
Your brain has to be cooked.
I can only have three open positions up and staring at the chart,
one-minute chart, and I'm burnt out by the end of the day.
That's because we're poor.
That's what poor people do.
Poor people.
Josh is a whole different kind of animal.
I realize that. I'm out here
trying to make sure I get my $10.
And at the end of it, I get
$9.50. And I'm like,
the fuck am I going to do with $9.50?
Why did I do that? Why didn't I just leave
$10? I didn't even have
a plan for it.
I'm like, you're going to be $10, $15
sold or something, and she's like, yeah, I'm just going to put $10 in here. I'm like, even like 10, 15 stolen or something, and she's like,
yeah,
I'm just gonna put $10 in here,
and I'm just like,
the fuck?
What's the point?
What?
but no,
I agree.
I actually DMed Ludo
here on the copy.
I had some topics on a,
Katana,
and I heard she today
talk about Beira,
Dominite, I believe.
So definitely going to try and work on that.
But yeah, I have a massive, you know, when told those civilians, I have a massive amount of liquidity to put to work.
And I'm not going to gamble it away.
Bro, that's literally what the people that we see on the page
right on the timeline let's just say the most prolific characters like the kobies and all this
kind of shit right you you grind and you trench and you do all this flipping and shit until you
get to a certain amount they make that amount and they just put it to work and live off a yield
all this that they play off is free money now because they got their money locked up, yielding them, let's just say, 50K, 100K a month, whatever.
And then that's it.
So you figure out what your number is, figure out what you need in order to get that kind
of yield around that range, because you're not going to get it in Web 2.
I mean, your savings account is offering you 3% to 6%.
You're fucked.
And inflation this year, I mean, dollars down 50% in the first six months
while not calculating inflation. That's just the dollar buying power. So three to 6% ain't
going to cut it. You're going to have to learn something new, even if it's just locking up
stables and getting 8% online. Shit. PayPal's offering you 6% on their fucking web two app.
So there's different alternatives to this.
You guys got to just understand the same way the bank earns yield and makes money.
This is what you're doing.
This is the next step of being your own bank, right, is earning yield and putting your money to work.
I posted above.
Basically, Josh, what this guy did, you can do the same thing.
But he did it with Bitcoin where he basically just took all of his
yield profits from his bitcoin and then he rotated those into into leverage bets on alts or eth when
they were down um made a ton of profit on that paid back his loans with the with the the profit
and then just kept borrowing and lending um his bitcoin and he turned it into um eight
figures worth of wealth in the last you know one thing that's crazy just a side note we think this
shit's wild because it's web 3 and we're fucking doing this i'm gonna give y'all a little bit of
sauce bro people do this in web 2 all the time you don't need paperwork i you don't need none
of that shit to go to a bank and get a hundred k loan i'm gonna
tell you that right now i don't care what the fuck your banker tells you i don't care what
anybody says there are avenues and agents and underwriters and people that work together
that they print and leverage money out of literal fucking thin air i have seen it i have used
i know ecom bros are notorious for this but it's a tight-knit circle.
So this is normal in Web 2.
People literally leverage money.
It's a 0% credit card for 18 months.
Go out, liquidate the card, write it.
Month 17, you get another fucking card.
You kick the balance over and you go.
You never pay interest a day in your life.
So it's just, this sounds crazy because
we're talking about it in web three and we're using Bitcoin, Ethereum, things that were close
to our chest or things that we're familiar with. But in web two, the big boys, right? Not to say
the econ bros goes a step bigger. Banks, institutions, they do this all day. Trusts,
you set up a trust so you can do this shit default go bankrupt no one to come get you
you run it right back up tomorrow with your same number again right so it's like it's the same
crime it's just coming to web 3 and it's not crime right it's just how do you use the system
do you know how to do it all right all right nerds uh right right barbell talk over put your
fucking tape around your sunglasses or your glasses let's get to the left
uh curve where we're like drooling uh it's like we're retarded we have josh up here tell us about
some fucking left curve alpha calls meme coins that you're looking at bro i got you up here might
as well fucking talk about it go ahead josh sorry about the nerds in the room yeah you did though i love listening to others talk um you
know i'm actually looking at nub i love nubcat did they get suspended their account got suspended
again yeah i got suspended this month yeah people are like buy the dip buy the
dip oh yeah i still like Nub.
I think they'll come back.
Then the Q&A and the Q&A.
UFD.
Then the Q&A and the UFD lately.
Troll, obviously.
I'm not touching Troll, but I have a fun time of it.
So, you know, someone told me something about six months ago and they
said you know every day that you decide to hold a token you're deciding to buy it at that same place
and i thought that was kind of interesting so you know even though i'm not actually buying it
i'm still bullish on it and still holding um i think with troll i did some
charting on it obviously i'm a chart or i mean coins um i think it needs to start kind of hitting
some higher highs here you're forming a massive like on the four hour massive head and shoulders
here i'm not saying like this even refers to like troll as the community but i feel like it needs to
get some momentum it's already up from 160 to 180 so i think you some momentum, but I do think it needs to hit some higher highs here
in probably the next two to three weeks.
All right.
You're probably going to form some kind of head and shoulders pattern where it probably
goes back down to like a hundred million or something.
But I mean, a lot of people are in profit is why I'm kind of scared because like when
people start seeing the chart go down and then they bought at 20, 60, 60 million, they're
like, oh, I need to rotate.
I need to get out.
I need to get out. And so I feel like since it's gone up so quickly, I think there's still a lot of profit that
needs to be taken since it did move up so quick.
Yeah, I'm not saying it's like bullport now, but I do think that I started like high
cap Mooncoins.
I do think that Troll has some of the most potential of all moon horns out there to like really go to billions
um but other things i'm looking at you know um the spark and spark is it's like an ai dog i don't
really know everything about it but um apparently the creator of the dog endorsed the coin which is pretty cool
and there's a whole ecosystem i sold when he de-endorsed the coin fucking dickhead
that happens um but there was red rocket which i'm looking at and also something called li
and also something called LI or Limgomb Dairy Intelligence.
And that's at like, eh, it's at like 300K.
And I think that's gonna move up with this whole trend.
And I just wanted to give a shout out to Expresso.
He's totally front ran a trend.
And I think that he's going.
I think that he's doing the 67 trend.
Not really sure if it goes to like 20 million or anything, but that was a nice front run.
67, 67 million.
What do you think?
It's just, obviously I was on TikTok and I found this teacher and he's a math teacher in middle school.
And he basically, his whole shick on tiktok is identifying words and
memes that zoomers are using and he says he cannot get away from these fucking kids in summer school
saying six seven six seven six seven and now there's like a new one called 41 41 they're using
chopped they're using melted so i was going through the live stream look at the quality of
kid that we're getting though bro i mean i don't want to be that guy engaging the quality of kid but we're engaging summer schoolers
bro but mu fucking mog fucking aura these are all like words and especially school heating up and
like maybe retail comes and these kids come into the space they're gonna identify with these words
and i think us as like i think crypto in general is a little bit of older
like demographic i think it's people around 30 and 40 40 years old like they have money to invest and so we are kind of not understanding this and then you see these coins pop up and
it's like retail centric retail is coming they're going to identify with these words more than they
identify with fart coin or these other coins that we're interested in. So I'm just
trying, like, obviously I went through like five or six coins and a lot of them were under like
200K. I'm like, but this one, the six, seven coin been out for a month. It's basically dominating
fucking headlines of zoomers using the word. It's been out forever. Like it's apparently since
February, kids have been talking about this. I just identified it recently and it was the only
chart above a million. And now overnight it went to $5 million. And so I don't know. I see a lot of
like, it's not all about the meme, but it's also about having a strong token too. And this is the
only one out of these words that actually have a coin that is strong and has like massive amount
of people. Like last night, there was someone that bought $18,000 in 20 minutes of this coin
like just piling in I'm like why would they spend that much money so we're looking at the wallets
like these guys are from like Toboku and all these other fucking meme coins um shibbity bit or
whatever this fucking shit is and like they're very into like the trenches and like they're
they're propping up this token so I'm like if someone's putting $18,000 at a three million
market cap I'm thinking that they want at least a three to four x and i
could see this getting to six seven million dollars and ultimately the goal is to get to
six seven million dollars 67 million dollars so this guy's a fucking retard i swear to god
he's six seven million dollars like oh i didn't even catch that boo
I didn't even catch that boom that guy was fucking lame
Yeah, that's weird though. I've seen the number shit too like it's not 69 it's 6 7 and I was like
I didn't get it
But no one told me I had to split six and seven together and be like six seven, you know, so
But you got to do the hand motions too chief there's gonna go up
and down with the hand motion my daughter she's 13 bro and she she says that shit all the time bro
like it's it's just non-stop like really six seven like it's definitely something like for
real would catch on with these kids in school especially with school just around the corner
bro like it's related to some kind of basketball term it's something in some kind of diss track in some kind of like underground
rapper thing like it's got some crazy lore in it but yeah it's it's definitely six seven season
just joking six seven we need the quants bro we need the the young tiktok quants
six seven that's what you're good at bro you were
calling boat kid like labubu like this is your fucking meta chief like you're the one i just
found the fucking teacher that is just like on the ground level and just made a thesis behind it like
there's literally a meta around what these kids talk about in these classes and six seven is one
of them man like you called labubu it went to 60 million I just didn't follow you call boat. You got shit with eight million
I took a loss on both here, bro. See look these are these are proud stripes that I wear bro
Should imagine I wouldn't even be here if I hit on all these mother fuck Scott you have like a
Hold your daughter. She say six seven a lot
No, you don't have to always put the the six seven every time you say it X, please like that's that's gonna get old bro
Just say six seven
That's how you say it six seven
Is that what you say
No, that's how they say it, bro
It's like they're unsure like how many they're fucking in high school and in summer school
bro like they're not even the good high schoolers they're the summer school i mean my bad no
disrespect ice man to your daughter shit no it's all good bro no i like i said dude these these
words like she cap you know like it's just all kinds of weird shit that she says but i i hit her
with the old school ones like that as you know the old school ones that we used to throw around back in the day and she just looks at me sideways
yeah that was the bomb that was the bomb bro it's just fun it's just whack what up scott gm
oh man what's up i just just uh yeah man this is one of the only spaces I pull up to.
So, learn from y'all man and everybody that comes up.
You know, I'll just be...
My dumb ass went on the space yesterday and man, I just couldn't understand what was being talked about.
So, old Scott Fool popped out real quick again.
These AI trading agent bots, man man they had to get spanked
yesterday and and learn the truth that it was just a tier two llm with an api
end point on it and yeah man it's like i get it it's bag of titus bro we've been talking about
this disease for five years in twitter and it's still going you know what i mean so all you
motherfuckers that jumped on this stage
yesterday bro i don't care what you say bro there's no everyone who's a real ai builder bro
is in silicon valley getting over half a million dollars a fucking year they're not coming to the
build a pre-tge fucking startup from fucking crypto twitter man like it was just no they
did they all dipped like the real ai people even and this is where i
realized there's something up to the real ai people saw the opportunity of crypto even where
we're at now right no novel industry getting officiated worldwide and said ai still seems
earlier and i can get more juice from that apple and they did dip which I think is crazy
So, I mean you forefront or foresight however, you want to see it whether they're gonna be on the winning side of this trade
They probably will I think that they can go hand in hand
But I mean if you're probably in the trenches like that
And you're that good. I mean, there's a
Opportunity there that you're not gonna get here here ever you know what are we talking about was there i saw that sin coin that went to like eight million and just like dumped off a cliff
to like eight hundred thousand dollars i was talking about ai builders i know that that dipped
to go be ai builders and said fuck crypto yeah because we had that thing on mega eth yesterday
which is basically an nft trading bot um that you could hook up to your buy bit and hyper liquid
it kind of trades for you that shit like minted like only 400 minted out of like the 2000 and then like everybody's calling
like this new ai meme coin meta that's popping off and like there was one coin sin yesterday
that got went up to eight million dollars and within like one candle it fucking plummeted down
to 800k so i was just like curious it's like obviously there's some kind of meme coin it's just going to heat up with the ipo of open ai coming out this fall like i just feel like ai will revive
but just know that you're being grifted expressly that's all i was bro and i caught strays i was
just enjoying myself on that dude dave space and then uh what's her name came up alex and i guess
she wrote a thread about banker bot and alex is just like, yo, Scott, you work with a lot of AI companies.
What do you think?
And then I'm like, oh, I don't even know what this is.
Like, what is, what the hell is Bankerbot?
Can you guys explain it?
So all these guys from that one community came up and it was like, bro, it was sad.
Like what they were talking about.
None of them have ever worked in AI, worked with AI companies.
And they're just like, kind of like regurgitating whatever their chat was saying.
And I'm like, bro, you just wasted 30 minutes of my life to explain a tier two because Grok is tier two.
This is not debatable.
A tier two fucking rapper that talks to an API that's controlling the wallet.
And then you believe that it fucking got accidentally hacked.
Bros, I'm laughing in silicon
valley right now like dude what the fuck and then all hell broke loose one by one they just like all
come up crying it was just really weird i'm like this is why i only go to daily alpha
can't be fun in bags bro especially about like their ai robots dude they get they get super
pissed off go ahead curl what's up my guy what's good i was just gonna ask so what one of the clankers got hacked yeah or something like that like i i bro
again i got strays bro i'm like i'm just like i was just up there just like just bob it out
and then i guess what's what's her name was um empress was like against like i was confused
because i thought all of them stick together.
But Empress was saying, like, one of the shit got hacked somehow.
And then all of a sudden, right when she said that, all the other dudes came up.
It was just hella weird.
I was like, yo, I'm leaving this space.
Like, I just got asked a question.
What do I think about it?
And I was like, well, this is what it sounds like it is.
And, you know, what the Expressor was said it was the bag of Titus again
Like it's like it's cool to have your bag and rep your shit and love your community
But don't be like trying to talk tech and things that don't even like make any sense
Don't call me stupid in the process. Yeah, because I'm gonna ask you if you're calling me
Like is even close to like AGI, right? Like, you know, like you got this clanker on the internet responding
to tweets right and like like bro like i love like i even tagged one of them inside of your
comments right but like there's like an actual like underlying sort of tasks that it does it's
not just i can send this amount of coins to wallet. Like you could do that with any chatbot.
100%.
I mean, I do think there will be,
I think there are some cool stuff
that could be happening in AI.
But I think with this IPO of OpenAI
evaluated at like $500 billion,
you're going to see the rise of the AI meta
that we saw last cycle
where everybody's been launching these agents, which they're oh it's sentient but there's a motherfucker behind
it and these people are like creating art and you're everybody we literally saw an ai sentient
what was it the one that claimed the airdrop uh whenever boop went live or something like that
like how the fuck did the bot claim an airdrop someone tell me that it was no instructions
in order to do so it doesn't it has no sentience right like it can't make a
like yesterday bro i became the enemy of this ape and i'm like don't worry like listen man like
people with like no knowledge on stuff that's actually why I came up, because, like, I've been trying to tell people this for, like, two years when they started with the Discord fucking clankers.
Like, those things are completely useless.
Like, unless it has, like, an else-if fucking instruction set, it can't do anything because it doesn't like it's not gonna quote-unquote learn
or whatever right like i think like some of the the tools that they use to build with ai like
analyzing twitter spaces uh finding out what topics were talked about at twitter space yeah
that's that's useful right like but like a wallet on twitter i don't know man like that's
kind of you know super iffy because like if like let's say somebody backdoors it and ends up
pulling the keys off of it like how do they explain that right like they were the custodians
of the crypto are they going to pay back the money like there's a lot of problems with a lot of these things i think there's another one
another clanker called nyla and like they keep trying to pitch it as like oh you could do
transactions through this on twitter why would you want to publicly like you know like you don't go
outside of the bank and draw and chalk on the sidewalk to show people like yeah
Could you transfer two hundred dollars for my savings account?
Our question girl was that when we were talking about banker bought that yeah, it's cool
Yeah, facilitates to a certain extent for like quick trades, right? Because you can oh you see something viral
Create a contract make a coin whatever cool
Oh, I want to place a polymarket bad boom cool like it has specific use cases but
if your twitter then gets compromised or anything like that i mean then are you just cooked if i
just log in yeah you're cooked yeah i just send it to myself and then i mean i'm just that's it
hey empty all what other way of authenticating in the tweet like you're gonna tweet out your
secret passphrase to like interact with it and then they have it anyways like
And it's not just your Twitter
It's any of these apps that all you motherfuckers and most people and not just you but all of us have signed before
Some of those say it can write a tweet for you guys
You don't you don't really understand or see that but in those perms it literally says
Beyond view and and and like whatever.
Some of those they can compose and write and do all that shit for you.
And if you got your banker there and it got fat stacks, it takes that app being compromised.
Not your Twitter, the app.
And it's a wrap, dude.
I can only imagine what was going on yesterday when the main Grok account uh had its like uh its like gold check mark removed and
then it was suspended right like you know a very clever engineer could easily just have it transfer
out like whatever the million dollars that's inside of that wallet right like you know a million dollars is a lot of money um to just you know just have
out there like that right like and then let's say for example uh maybe they have some sort of like
rudimentary admin stuff inside of the dms and somebody figures out how to uh how to fuck with
that right like they could just do it from there there's a lot of like different
ways that this thing could be exploited and it's not like
It's not like it has like you know like a
Like an emergency stop or whatever if they get into it
So like you know, you're opening up a can of worms that is kind of insane to me, to be honest.
Hey, Kuro, and dude, how many times have we seen LLM's fucking hallucinate command too?
Oh, bro.
It was hallucinating a month ago calling people the N-word, bro.
Oh, see, I wish I had all this.
Bro, and then it was saying some Nazi stuff like a week later after they fixed that.
And it's like, bro, come on, bro.
We've seen the hallucinations in GTP4, which is probably one of the more advanced ones.
That's what I was saying.
It hallucinates for shit.
And then they got all the Elon stands.
Like, we're mad.
I'm like, yo, bro, I'm just out of this fucking space.
All I'm saying is you're acting like this autonomous move was, it was really a fucking direct execution, right, for the LLM that went to the fucking over to the hot wallet with no filter.
And then you mix it in with the hallucinations that you're saying, fucking Kiro.
Dude, again, this is a web 3 founder pushing a beta product once
again oh big stuff fucking surprise like this hasn't happened since 20 fucking 21 since we
turned on twitter space yeah bro but this is what happens is they usually do this bullshit
and then they end up putting the fries in the bag anyways like some of these people are like they're so insane like the mental gymnastics that they do on a daily basis is like pretty crazy
Like do you guys remember zero bro? What if zero bro could just keep publishing that bullshit music?
Yeah, we have one on that. Wow, I felt bad. I brought that up
I showed my wife the music and then like two weeks later a month later
He's out there just dropping hard hours on the timeline telling people to fuck off and I'm like
I was just a guy the whole time fired from his job because he went and made a false obituary
I don't I don't know like legally like it that doesn't seem like it's a great thing to fake somebody's death
right so like, you know't seem like it's a great thing to fake somebody's death, right?
So, like, you know, imagine the repercussions of that.
Like, I agree with what Scott was saying earlier about there being, like, a lot of grifts.
But it's, like, it's such a new technology that it's, like, it's easy for somebody that is, like, how would you say it?
Like, very... Naive it like, um very, um
naive
No, not even naive. It's it's like a sneaky oil salesman can come and sell you
Opportunistic like we saw that and all those llms were going wild bro
I mean, we saw rappers of every store even the virtuals run
I think was a lot of this vaporware and a lot of basic like you said some of the new virtual stuff
That's the other thing I want to talk to like you said some of the new virtual stuff that's the other thing i
want to talk to you guys about some of the new virtual stuff that where they're actually like
processing data is quite valuable but like they're not telling you that this is a on-chain agi that's
running off of aws you know like they're not giving you the whole fucking snake oil salesman pitch, right?
Like a lot of these guys are like, they sound extremely intelligent, but like you look at
their work, their work is like vibe coded fucking nonsense and garbage.
Yeah, I think like, obviously this is going to become a meta.
Like I said, OpenAI is going to facilitate this new AI run.
And I think pretty much the best product market fits, I feel, is AI agents that can help with DeFi, because people are scared of that.
Obviously, training these robots to do meticulous things, doing that, I think would be a great product market fit.
And also, obviously, there's a lot of policies with these LLMs to kind of copywriting.
Also, obviously, there's a lot of policies with these LLMs to kind of copywriting.
If we can create like a LLM that basically can do all this image generation that's like jailbroken, where I don't have to worry about the IP rights of fucking the Simpsons or family guy.
I think that would be something that could take off here because obviously, you know, a lot of these LLMs are very, you know, have some legal sense to them or they don't want you copying other people's, you know, have some legal sense to them, or they don't want you copying other people's,
you know, intellectual property. So I think those are maybe like the three ones that I could see
that possibly people will fall for in this next wave of AI. But a lot of it's just, you know,
like he says, fake salesmen. And like, I do think as this open AI IPO gets closer and closer,
that you're going to start seeing people comparing their projects to the evaluation of this one. And they're like, oh, this is at $500 billion. Well, mine does this,
and it's like 12 times is more powerful. So we should be evaluated 1 16th of the market cap.
And you're going to start seeing people run with that narrative. And just beware,
none of this shit has any use case. And you can make money off of it. We are fighting it,
but scams pump the hardest just because we aren't sure about it doesn't mean that these things can't none of this is has any use case and you can make money off of it we are fighting it but you know
scams pump the hardest just because we aren't we aren't sure about it doesn't mean that these
things can't go to multiple millions dollars so just be careful um sell your bags it is i remember
that was literally my question to you when this the meta first came i'm like well why are we buying
this at all you're like well you buy it to use the tokens to talk to the bot
I'm like, okay, cool. So can I ask another bot the same questions? You're like, yeah, I'm like well fuck I don't know that that don't make too much sense to me. I'm like, I'm not gonna buy this one
I'm gonna buy the cheaper one. So it's like you get to it when you really break it down. Can you make money? Yeah
I didn't play at all. I missed out on probably hundreds of thousands of dollars. It just
Logically I sat there and I'm like thousands of dollars it just logically i sat there
and i'm like i mean it just doesn't make sense yeah girl yeah i i don't know uh experts in chief
if you guys would be interested i have a friend that's actually working on something that's
actually like viable um that actually does trade and stuff. It's probably not something for everyone
because it's kind of aimed more at traders.
But if you'd like, I could put you in a group chat
with the actual dev of it,
and you guys can chat with them and see if you like it.
Yeah, maybe just have him come by the show with you,
and then maybe we can have some questions and shit.
Yeah, he was in Florida, bro. I don don't know i'll try to see for tomorrow yeah you have
your show tomorrow um for tomorrow because wednesday i'll i'll ask him to come by and chat
okay um i guess the one thing that obviously i was fighting base nfts like don't get into
base interviews they suck and then obviously there's a fucking cook on base today. It's the Nodes, an artistic network of identities.
They launched today, August 12th on base, supported by OpenSea,
who would believe Nodes is a result of a year-long artistic exploration
inspired by internet culture.
Since my early years, it's by Hun.
Community comes first.
The collective will be free for holders of primitives,
abstract pepes, and OG collectors. Nodes will be launched with the of primitives abstract pepes and og collectors
those will be launched with the support of open sea truly honored we'll be working together
to be announced and then um they kind of went live at 0.02 dingaling just swept them up to 0.06
and so these are cooking these are uh kind of the mint of the day on base went from 0.02 to 0.06 and
then you have some massive whales ding ding-a-ling's back,
sweeping collections. He was known to do this in 2021. So maybe he sees this going higher,
but we've seen stuff like this go pretty ballistic when you have these kind of big whales and kind of
these NFT influencers promoting these sweeps. So we'll see where it goes. But that was a good show.
We went an hour over and it's basically due to the guests and basically due to the conversation.
We're more than willing to extend the show.
But it's not as fun when it's just me and Chief up here articulating our alpha.
So appreciate Scott, Ruto, Josh, Allison, Iceman, Kuro.
Everybody came up and made the show fun for us.
And we love to talk to you guys.
And we love to extend the shows when we have our friends up here. So appreciate you guys stopping by the show. I'll leave fun for us. And we love to talk to you guys and we love to extend the
shows when we have our friends up here. So appreciate you guys stopping by the show.
I'll leave it here for cheap to end it. I will see you guys inside the foundry. Peace out. I'll
see you tomorrow. Yeah, appreciate everybody that came by. A lot of information, right? So
everything's pinned up to the top. We have a thread at the end of the show that goes out.
It covers everything that we talked about.
You can use it as a reference point. Listen to the show, find the alpha, figure out whatever
works for you. We use engagement on that as means for a lot of things, right? For one, it's how we
grow the TDA, how we grow the foundry. It's how we get more opportunities for us and for you guys.
And it's also how we, in a sense, run that deserve to earn program
that we've done with the TDA itself.
So it's free.
Likes and retweets go a long way.
Bookmarks helps the algorithm.
And Allison also does it
out of the love and kindness of her heart.
So shout out to her.
We're here Tuesday through Saturday,
11 till about 12, 1230,
depending on the conversation.
Always love to have guests.
Stage is always open.
And it's TDA or Stay Poor.
Y'all be safe and we'll catch you tomorrow.
