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THE DAILY ALPHA♻️
Recorded: April 25, 2024 Duration: 2:10:43Space Recording
Full Transcription
We will get back to business.
Oh, my.
Mihagi, how did you get co-host?
What the fuck?
I told my mom to add Trill's co-hosting.
Now you got co-hosts.
That was random.
It's the OMBs, dog.
The orange eyes.
I fixed it.
Oh, she canceled your ass.
She said, get that motherfucker out of that co-host role.
Oh, yeah.
She's like, there's some OMBs.
I can't tell the difference between these OMBs.
Like, if someone that does not fuck around with Web3 doesn't know.
I mean, she knows what I tell her.
I mean, I'd be confused, too, if I saw these OMBs roll up with these orange eyes.
They all look the same.
I mean, you really got to look at the hat on Miyagi's or Trill's to kind of tell the difference.
If someone is like a passerby, I could see why she added Miyagi.
So, yeah, how are you guys doing?
How are we doing today, Trill?
You doing all right?
Doing good?
Yeah, man, doing good.
It's a chill time in the mempool, I think.
So, I think there's going to be some good plays on the rune side.
Things are looking good.
Like, I think yesterday was a down Saturday for Bitcoin and runes.
But I think today's going to be good.
We had a nice little bounce back yesterday.
We had dog, which was airdropped.
And days like this, when you have low V-bytes, I would expect that we're going to get a lot more of these pre-runes airdropped.
I think decentralized, which is the Cyberkong's rune, is supposed to be airdropped today.
So, that would be interesting.
Hopefully, you know.
I think that it's like a double-edged sword.
Okay, people are pissed off.
People are leaving.
They don't like that, you know, there wasn't like...
I guess people are expecting, like, boom on runes, where, like, one of your tokens goes to a billion-dollar market cap in less than 12 hours.
But I think the fact that people are, like, the tourists are leaving means that V-bytes will be a bit lower.
And then that means we can really start participating on the chain with low fees and low risk.
Like, when you deploy those tickers in high-fee environments, you kind of set yourself up for failure.
Typically, the best ones, when you etch, you know, you get that two, you know, when you mint it, you get that, like, $2 to $10 to $15 etch.
And then, like, okay, I lost $15.
But then, if it goes on a rally, you have that low investment of, like, that $15.
But then the coin can possibly go a little more parabolic.
Maybe you can make, you know, $1,000 if you hold it long enough.
So, it is kind of like when people are pissed off, that means that's when the degen can start.
Because now the risk of reward is a lot lower because the V-bytes and the fees are a lot cheaper.
So, I'm looking forward to it.
I mean, now we're seeing all kinds of stuff spin up, like these Layer 2s.
We might not even need them in this environment.
Everybody seems to be fudding the shit out of rooms.
And, like, I really don't know what people expected.
They're like, here are people yesterday.
I got duped out.
People are saying this is going to be seamless.
People are going to say gas, you know, transaction fees were going to be cheap.
I was like, bro, Casey made this protocol ruins to crank up fees to basically extend, like, you know, their mining rewards.
And that, so there wouldn't be enough 51% of tech.
So, I always think, like, fees are going to be high.
But I don't know what people are expecting.
I guess people were, like, used to Solana and these billion-dollar tickers overnight.
Like, that's not going to happen.
You got to have a little more patient.
And I do think things will speed up.
We're already starting to see, you know, centralized listings, exchanges.
We were starting to see, you know, layer twos pop up and stuff like that.
So, I do think in, like, five to six months from now, a lot of this will be more seamless.
And you probably won't even have to pay, you know, transaction fees.
A lot of this stuff, like, we talked to Chris yesterday.
What did he buy?
A bunch of, like, runes on Mexi.
And the charge was, like, $2 to $3.
So, I think a lot of this seamlessness is probably just waiting for these centralized exchanges to get a hold of it.
And then we can trade this stuff basically without the blockchain, which I know that kind of goes against, like, oh, it's centralized, this and that.
But I think right now, I think really people are concerned about the fees.
And the toothpaste is out of the tube with that.
Now that everybody's experienced low fees on, like, Solana and Base, no one wants to go back to high-fee environments and actually participate on it.
But I'm not scared.
I am not scared.
This is the time to be doubled down and starting to accumulate.
I mean, there goes double eight, thumb and down.
There goes double eight, thumb down.
It's fine.
I try to ignore him.
He tries to distract me.
I'm in my lane.
Is he the first one for you, too?
That's kind of crazy, right?
It's almost like Twitter makes you see his reactions.
I know what it is.
It's entitlement.
I don't know what it is.
What up, Miyagi?
How you doing, bro?
What up, boys?
Good to see you.
Haven't been in the show this week.
I've been working IRL, but I have been tuning in.
I appreciate you guys holding it down, spreading the alpha.
I just wanted to hop on, yo, fuck you guys for laughing, all right?
Fuck all, yo, fuck you, double, all right?
Like, fuck you, all right?
I'm a nice person.
I'm trying to be nice, all right?
But nah, definitely runes were just as fucked as I thought they were going to be.
And I think if you were on it, like a lot of us were, like I said this in the chat,
and I do want to say it out loud to all the homies.
I'm very proud of this community, the TDA, all the people.
Yo, fuck you, double.
I'm so proud of us because we were all in the chats.
We were all yelling out tickers, yelling out what we were minting, filling together.
You know, they all say, oh, you don't need your cabal.
You just need a group of homies that are, you know, on it.
And I definitely think this community was on it, on the happening.
A lot of us printed, and now a lot of us are just sitting on kind of free money.
So that's kind of where I'm at.
And one thing I wanted to highlight is the Prometheans.
And of course, we could go through Alpha and whatnot, but Prometheans has seen some price action.
I think they're doing the airdrop soon.
So I did want to highlight that.
It had, like, over 400 buys in the past three hours.
So they are going to airdrop them soon.
But other than that, guys, like, runes and everything has been dope.
It's been dope to build with everyone.
And we're going to print, like, the expectation was there, where Ordi and all these things that originally popped up, there was no expectation.
So there's going to have this buffer and these people getting shaken out.
But if there's anything that we know is that the Ordinals are dead phase and the runes are dead phase are the best time to accumulate, double down on your bags.
So that's what I've been doing, buying extra Rune pups, buying extra Ordinals.
So that's just been my strategy going into it.
By the fucking blood.
Yeah, that's what I've been doing, too.
Yesterday, I was kind of sitting there, should I buy some more runes?
I kind of just took a nap and never got to it.
But today, the market's bleeding pretty bad based off, you know, I guess there's a lot of shit that went down in the past 24 hours politically.
And we had Joe Biden get on stage and say he's going to do, like, 44% on, like, unrealized or capital gains.
I don't know exactly what he was fucking saying, but, man, the dude is a fucking, is a meme himself, man.
Like, Joe Biden, just seeing Joe Biden go parabolic in just regular culture just makes me think that Joe Biden's hook is going to go pretty bad.
I mean, did you not see him?
He's like, four more years and he's reading off this teleprompter and he's like, pause.
Like, he's reading off the teleprompter.
This dude is a fucking moron.
And then we had some PCI data, our PCE data, and inflation numbers came up hotter than expected.
So, like, obviously the numbers are basically showing that the market is, or the economy is slowing down and inflation is continuing to go up.
So, kind of like Jerome Powell and the team are in a pretty tricky situation of what to do here to raise rates, to leave them, to hike them.
And, yeah, a lot of people are in pain.
I'm starting to get that kind of IRL in real life action.
Like, I just got my car insurance and I have, like, an old car.
I get liability and I paid, typically I pay, like, $174 to $200 every six months for my old-ass clunky car to get liability.
I got my insurance, a quote, and I'm basically paying, like, $450 to $500 for every six months for just liability.
So, this stuff is starting to, these rates, this stuff is starting to affect people.
And, like, grocery bills are high.
You know, gas is getting high.
We're in election year.
Things aren't slowing down.
So, people are struggling.
Rates are high.
And it looks like whatever they've been doing isn't working.
So, that's not great.
I do have some stuff and some data on that.
And I'm kind of stuck here.
I have some guy basically blocking the whole street.
And it's a one-way street.
And I'm basically 6,000 yards down the street.
And I can't back up because there's six cars.
So, basically, I've got to wait for this motherfucker to move the truck.
So, I'm going to try to go ahead.
I was going to say, to double, like, click on what you were saying about, like, the inflation rates and everything.
We're seeing, like, about a 4-plus percent dip in everything.
Right now, BTC is sitting at $63,250.
ETH is sitting at $3,108.
SOL is sitting at $144.
And AVEX is sitting at $35.
So, I just wanted to kind of give, like, a little market update in terms of the numbers.
We have seen a huge sell-off two days ago on the 23rd.
And we've kind of been trading these low ranges.
Personally, I think we're good.
I think, you know, this is, you know, a little pullback, whatever, blah, blah, blah.
We're still in the safety ranges for most of these coins.
But if we, you know, get below $60K and we start to dip down, it could be a little bearish.
But I think with the news and everything, we've seen the price action towards it.
But I think we're going to be good going into it as long as these weekly candles and these monthly candles close in our favor.
Because the month is closing here in six days.
So, definitely something to keep on the horizon this week.
Just watch the charts.
Make sure you're not overexposed to BTC and things.
Because, you know, if we start to break market structure and go a little lower, you know, it could, you know, put you in a situation.
So, just wanted to highlight that.
Yeah, that's a good point, too.
It's the end of a quarter.
So, this is the end of the first quarter.
So, people maybe will sell or, I don't know, do whatever they do at the end of the quarter.
Plus, we also have, this is, I think tomorrow is the end on expirations for futures.
Because I think it's the last Friday of April.
So, we have some stuff that's going macro.
Plus, we have some stuff going like in crypto, which is end of a quarter.
And then also expirations expiring, too, at the end of the month.
So, I don't know what max paying is.
I know what the fair value of Bitcoin is.
It basically costs you $52,000 to mine one Bitcoin now, now that they're having.
So, Bitcoin shouldn't go below $52,000 because that's what it costs to mine one Bitcoin.
So, I mean, I think we stay above that price.
I don't know where we go.
It seems like $60,000 has been a pretty solid support.
And it doesn't look like we're going to go lower than that, from my opinion.
But, Sam, how you doing, man?
What's good?
What's going on?
I'm going to choke two balls.
Not financial advice, but no.
I just wanted to say the room guardians dropped their room tokens as well.
Are they in your wallet?
Yeah, they should be.
You know, we got a couple of rune guardian miners, which is different for the TDA.
And so, I think it's two runes that actually made it to Magic Eden.
One for the rune guardians and one for the rune guardian miners.
So, I'll pin up the links to the top if anyone wants to take a look at them.
But, yeah, I think they opened it up at like a million market cap.
So, it's probably like $80 that just got airdropped to your wallet or something like that, depending on which one you held initially.
Good old $80.
I'll take it.
Yeah, we did get the dog airdrop.
And I think the last time I looked, it was yesterday.
So, the price has probably dropped because the market has dropped.
It got, I think I had about $3,000 in my wallet of the dog token.
So, I mean, that's not that bad.
I mean, I was kind of saying if there's going to be three airdrops of this token, you're probably going to see the ordinal itself be cut in like one-thirds every time there's a new airdrop.
And then, I think we're probably right around the total price of what the rune is before the airdrop right now.
And then, plus, you have the anticipation of possibly getting runes airdropped to runestone haulers.
So, I still think that rune is holding up pretty good for the fact that it just distributed one of its runes.
And I think it's at 0.02, 0.03.
So, probably if you didn't have the airdrop connected to it and you put the price, it probably should be around 0.06, 0.07, where it was.
So, it's holding up pretty well.
And the fact that it's like 50% of the price, considering there's two more airdrops, and plus some rune, I think that it probably holds this level.
And everybody kind of hates Leo.
So, I think that it's going to be one of those hated trades.
A lot of the deejins in Bitcoin don't like them.
And everybody's sold, and everybody got pissed off because he took BTC to secure the number three rune.
So, I still think this one and the dog to the moon is probably going to be one of the more hated rune trades.
And that's why I'm bullish on it.
Because the most hated trades always go up, man.
They also are going to get other airdrops.
They're going to get the Lobo one and a couple other ones.
So, I mean, it's beneficial to hold it.
But, you know, I guess the debate is, like, are you going to get more money if you just sold the rune stone initially at 0.09 versus holding off for all these airdrops?
But, yeah.
I mean, airdrops are lined up if you did help it.
Yeah.
This is literally the entry in terms.
I would say it's a little bit above where it initially started.
I believe it started around, like, 0.015, 0.018.
That was where, like, the initial price action started.
So, you're literally at entry if you didn't get airdropped one.
So, I would say it's, like, an opportunity cost thing.
Like, if they just got the first dog airdrop, do we see?
And I know he initially said, I would say, like, a month ago, he was, like, you're going to get the dog airdrop, then one later in the month or later in the quarter, and then one later in the year.
Right?
That's, like, what was stated officially by him.
So, if you have the dry powder and you're, like, fuck it, maybe I'll buy this and not look at it.
Because, you know, in a month, two months, you get another airdrop.
The price action is going to push the price up naturally because people are going to try to get them again.
And then, obviously, if you get the airdrop, it might give you some money, and then the price action is going to go down again.
So, that's just what I would put in your heads if you're, like, you know, thinking, like, probably not anytime soon.
I'd probably say the summer, if you're lucky, that you'll get the second airdrop.
But who knows if this is the bottom or it'll go lower.
You know, so that's kind of my mid-curve take on it.
Similar to Arsic, a lot of people did get this airdropped.
I think it has over 70-something odd holders or so.
So, this definitely could go lower, especially if we do get capitulation here.
And a lot of people are thinking, you know, Bitcoin's going a lot lower.
People are probably going to sell their meme coins and take profit and stable up.
So, we'll see where it goes.
And, like, Pups, like, Rune Pups hasn't initiated it, but also Rune Melio has.
And they did it where it's, like, you have to burn your ordinal to claim the token, which, you know, has some type of tokenomics and a little depth to it.
The open-aired question is, like, with Prometheans and, you know, certain projects where it's, like, you're getting the airdrop, and then what do you do with the ordinal?
And, like, what's kind of the point of the ordinal?
And I think that this is the open-ended question that a lot of us are having with these pre-runes.
It's, like, if you're not burning it, what are you doing with it?
So, that's kind of where I've seen people questioning about Prometheus because nobody knows what's going to happen.
But Rune Pups, you've got to burn, so that's foolish.
And then some other pre-runes have already airdropped.
So, yeah, Rune Pups is truthfully...
Rune Pups and Prometheans are the only pre-runes that haven't done something yet.
So, I think those are two products to take a look at and kind of, you know, be on it, I would say.
Like, if you hold these, as soon as the snapshot goes, fucking floor it, in my opinion, whatever, you know, NFA.
Or if you have to burn it or whatever, just be a part of the Discord, send notifications.
And I'm talking from myself, too.
Like, I have Prometheans, and I got notifications on because as soon as that snapshot's happening and I don't need the ordinal,
I'm trying to sell it, dog.
Because even Rune Stone being at its price now, you have to remember that people bought it at 0.06, 0.05, 0.04, all the way down.
So, yeah, as a trader, you definitely want to get out while you can with those.
Yeah, I mean, not financial advice, of course, but you've seen R6.
Everybody was wondering what R6 are going to do.
Are these just going to be empty vessels now that the value's been moved over to a Rune?
And they came out and said, yo, we're going to do a Season 2.
And if you hold this R6, you're going to basically be mining the Season 2 token.
And I think it was, like, Token 21 or I don't know what Rune they got.
But, yeah, I think that if you could sell, and just say you missed the sell opportunity,
I think maybe there are some plans for these.
I don't think that they would want, like, an empty vessel on chain.
I do think that a lot of these that, you know, extract the value from the pre-miner to the Rune,
that now it's empty.
I think there could be some kind of utility, maybe a multiplier, maybe there's another Rune,
maybe there's some utility for, like, whitelist or something.
I don't know.
But, I mean, they are going to dump before there is any announcement.
And then when there is an announcement of utility, then they'll pump back.
So maybe picking up a few of these empty vessel Rune miners might not be a bad play.
No one knows for sure what the plans are or if these are just going to be empty, right?
So once there is some kind of clarity, I think that you'll probably see the price action, like,
level out in, like, what fair value is.
But right now, everybody's assuming these are going to be nothing.
But I would imagine these motherfuckers have something planned.
And when that is announced, those miners will start, you know, starting to get bought up again.
So that's kind of my opinion on it.
Let's go to Nifty.
I'll bring SV Dub in here.
And just, guys, I got added a street onto my route.
And this street is basically all, like, the very bottom is a bunch of businesses.
So I have to run into this McDonald's.
And then I have to deliver to this Louis Beauty.
And they have nine boxes of flip-flop sandals that are on the back of my truck.
So I'm going to have to get the dolly out and basically distribute these packages into this little fucking beauty shop.
So Trill, Double, Miyagi, Sam, Nifty, S-Dub, you guys know how to run a space.
If you guys can give me five, maybe five to ten minutes and just keep the dead space and just talk, that would be great.
And then I'll come back with hundreds when I'm back.
So I've just got to do my job.
It's not great, but this is what happens when Express is on the truck.
Absolutely.
So look, there's a bunch of things that I want to talk, but look, we're going to like, comment, retweet.
We got to show Chief that he ain't shit, right?
We got to show Chief that Expresso and Trill could co-host this, get more people, get more clout, and get more vibes, right?
We got to flex on it.
So definitely comment, like, retweet.
And then I'm going to throw it to Nifty because Nifty had his hand up and he wanted to say something.
So Nifty, hit us with what you got, brother.
Welcome to the TDA.
How can we be of a service to you or how can you be of a service to us?
Good morning.
I just wanted to bring it to your attention.
First of all, I totally agree with your take on the rune stones.
To not have to hold the ordinal all the way through to get the airdrops is not the case.
So obviously let it go.
And then till a mention of having to hold it for the snapshot for the second rune.
So yeah, that's a great take.
I did want to bring it to everyone's attention.
So I'm seeing in some of the discords lots of love to the R6 team for helping other teams drop.
He just dropped it.
He rocked.
I hear him double.
I can hear him double.
Double.
Come back, bro.
Oh, sorry.
Go ahead, Nifty.
So yeah, like even the rune guardians in their announcements give thanks to the R6 teams for saving them tons of money in the community, tons of money to drop their rune.
And then the R6 teams also helped Bitcoin Comics, which is the slugs, drop their rune.
So it looks like R6 is starting to say, hey, you know, we're the papa of the runes.
We're helping all of these other communities out, which that in itself, you know, makes me even more bullish on R6.
So I just wanted to bring that to your attention.
Keep an eye on that.
When other projects start, you know, bowing down to R6, hey, thank you for helping us.
Right.
So no longer competition.
Just let's just broaden the whole rune ecosystem.
And the second thing I want to bring up is, you know, what does any do any of you guys and you gals know what's up with magic internet money?
I think I've been hearing a lot about it, but I haven't seen what's ready to drop.
So the last that I've heard about it is they had this whole debacle with the distribution from the BRC20 to the rune.
And from that initial like publicity debacle, they've adjusted the tokenomics as well as I believe they secured either number 17 or number 34.
On one of those numbers, they secured the magic internet money meme.
So from my understanding, because I'm not a holder, but I do follow Maven and I have tapped in.
And they're still trying to finalize a mechanism in a way, in a pretty much a tokenomics way that makes sense for everyone.
And they're just kind of holding off to do it.
So the big debacle was the Bitcoin wizards, the Tapper wizards that are like on Magic Eden that are trading.
Those were going to get more of an allocation than the BRC20 holders, even though the BRC20 holders and all the community, they're the ones who sent it to, you know, $8 and they were accumulating.
So that was kind of like the big little like debacle that they had, and they have gone on record that they're going to adjust it and fix it.
So that's kind of the information I have on it, that they are going to do some type of, you know, claim and burn, as well as they are going to reward the holders of the Tapper wizards.
And they have secured a low spot for the meme.
And, you know, that's the information I have for that, if anybody has any more.
Yeah, I thought they actually voted, put a vote in the Discord.
Yeah.
And it would count to be like 95.5 or something.
So they actually voted themselves to get 5%.
Is that right, Tripp?
Yeah, so they fixed all that basically the same day.
Like everyone kind of was in the uproar.
And I think they voted within the Discord and Maven's bot and the Magic Internet Money profiles were kind of, you know, narrating what was going on and basically what was settled.
And, yeah, I think it's just basically waiting for kind of the next step, whether it be kind of like a burn, like you're saying, Miyagi, with the preps of burning the BRC20 or like how they're going to really like go towards like actually getting this out to people.
But, yeah, the last thing that was tweeted out was from the Bitcoin Wizard Maven's bot account, just kind of showing they did secure rune number 17.
So, yeah, one of the lower numbers and they have the allocation there in terms of what it's going to be.
But really no next steps in terms of what's coming out.
What was the deal with the Pups founder connecting with the Wizards?
Was he just like part of that vote or something?
Like it turns out like he made the final decision or something.
I don't know.
But they had like a tweet where they were together and I don't know, something weird going on between those two.
I'm not really sure.
Yeah, Farmer Joe's everywhere.
I didn't see that.
But, yeah, it feels like he's.
Not Farmer Joe, the other, the puppet guy.
Oh, the puppet?
The artist, yeah.
The main puppeteer or whatever it is.
I don't know.
But that was interesting.
We got Perel coming up here.
Nifty, but, yeah, I think that's pretty much where we're at with the Magic Internet money.
I don't think it's really kind of like explained what the next steps are.
Hey, I got some breaking news.
I don't know if you guys saw, but the Bored Apes actually finally sent out.
You got your 3D files.
3D files.
Oh, shit.
They finally sent the 3D files, right, Expresso?
And look what happened to the float price.
It's fine, bro.
20%, 40%.
I've been telling them to do this from day one.
And all these Bored Apes have been screaming at me, telling me I'm fudding, this and that.
And that's all they had to do from the beginning if they would have done that.
See, and now everyone's like all happy on the timeline, making all these videos with their Bored Ape.
So, yeah, you know, pat on their back.
They're clean.
They're clean, too.
They look good.
Yeah, they're pretty clean.
I think that's probably why it took so long.
I think Ryder had to complete all 10,000 of them.
No, I don't know.
It took so long.
No way it was right.
They decided not.
They just didn't do it.
It doesn't take that long to create that, especially with all the money they have and resources.
Like, it literally could have taken six months.
Even if it took six months, they could have done it as soon as other side was, like, announced.
They could have started working on it and had it done, at least to have that as the first thing they do, right?
And then people could, because people were already making these 3D apes that just looked ugly and didn't match the brand, running around doing all this stuff.
AR filters and videos and games.
All this stuff was being created without the official Ape.
So, you know, shout out to me for seeing that, you know.
They should have put this on fucking Magic Union and made you guys pay, like, 0.25 ETH for each one.
That's what they should have fucking done.
Fucking done it even more.
Have you used it?
Do you?
No, I don't have an Ape anymore.
He's not an Ape anymore.
You never know.
Double is the type of dude that will buy one just to do it, though.
Yeah, but the thing is...
Wait, wait, wait, wait, wait.
Double Ape.
Are you talking about this dancing monkey that's pinned on your account?
Nah.
That's my node monkey.
It was taking them six months to do that?
Nah, the thing that Express Open to the top, so the Apes finally are letting you do what the CloneX people have kind of done for a long time now.
But you can basically download your files, your 3D files, and do poses with them.
That's why I wanted to ask, Double, because I saw people kind of doing different types of posts with different poses.
So I was kind of just wondering how that works.
Yeah, the one thing that I noticed is that they're not even metaverse ready, though.
They have too many polygons or, you know, the polygon count, you know, for it to be, like, seamless through all these different, like, metaverses, it has to be low poly, right?
Meaning that, like, it's not such a huge 3D file and you can import them into existing metaverses.
But I think someone was saying after looking at it, it's just way too detailed.
So it's not even metaverse ready, which is, you know, again, another fail.
I mean, I don't get why they wouldn't create something that's already, you know, something that you can put in anything else, right?
So, like, you can put it into any other metaverse that's out there.
Nifty Gateway.
Not Nifty Gateway.
Nifty.
Whatever happened to Nifty Island?
Nifty Island, yeah.
Whatever happened to that?
I don't think we're still farming it, I guess.
But how long are we going to farm this thing?
It's on ETH.
And then it's an airdrop, so people have to continue to play the game to get the airdrop,
and games aren't that fun to play for that long.
So people play for a short spurt, maybe two to three weeks, and then it eventually just gets not fun anymore,
and people quit, and then you stop hearing it on the timeline.
So that's what happened with Nifty Island.
Everybody got done.
Everybody played it, that farmed it, and then there was nobody else ready to come and participate,
and then it just went silent.
Bro, the bitch is called cryptocurrency.
All right, guys, we're in the cryptocurrency industry.
Nobody gives a fuck about video games, no matter how much we talk shit, bro.
But if you could earn cryptocurrency...
You know damn well all these fucking Bored Ape whales used to pay these Vietnamese and Filipino people
to play that shit for 16 hours a day to maximize value.
Like, let's just cut the shit, dog.
Yeah, but in order to earn cryptocurrency...
What they should have done is throw a Fortnite collab out there.
Throw a fucking Street Fighter collab out there.
Throw a fucking...
Yeah, but you...
That's what...
But you can't make cryptocurrency that way.
That's really making games.
I think they need to create games where you could earn crypto.
Right?
Play to earn.
And that's what Axie Infinity did so well before, like, the bear market.
It's that those people that they're hiring, you know, are willing and able to, like, do this
as their, like, part-time or full-time job and earn extra money playing these games.
That's the whole benefit of, you know, play to earn games, right?
If not, it's just a game.
Okay, so if you own a...
What is a board ape right now?
Like, 40K?
30K?
Right, 13K.
So, if you own a $40,000 asset, are you playing games?
Like, I know...
Look, look, this conversation, I definitely do not want to go down because Double's on stage
and he will win.
And I'm not trying to win.
My point is, motherfuckers do not play the games even as good as they could possibly be.
So, the point is, like, get the brand and get other people who don't know about board
apes, who don't...
Who play video games in it.
Like, we're doing all this game-fi, all this shit for us, right?
Because we want the number to go up and we think it's bullish.
But guess what?
The same thing with Captain and Company and with Doogie Dash.
You play it and you don't forget about it and you move on to the next thing.
If you were to implement these characters, these models into real games that actual humans
play in terms of an onboarding way or a cool reward way, that's just...
Obviously, this conversation has been beaten by a dead horse, but that's just my point,
dog.
Like, we're at the point where the little subtlety, it's cool, but at this stage of the
game, dude, we're three years into the inception, what, the three-year anniversary just happened.
Like, you need to bring more to the table, dog.
Like, why are these other projects getting fucking Fortnite collabs and these fucking other
skins and sprites and board apes are struggling?
Like, you're going to sit here and tell me we can get fucking, what is her name, Paris
Hilton on Saturday Night Live and hold the board ape, but we can't get, like, a one-week
Fortnite skin?
Like, you're going to see me and tell me that?
Yeah, no, you can't do it when the floor is down.
You can do that when the floor is up.
Like, normies don't care unless the thing is valuable, right?
Normies don't care about Dogecoin unless it's going up parabolic, or they don't care about
Bitcoin unless it's going up.
So, right now, you can't do that.
They have to build it back.
So, I think, but I agree with you, but I do think board ape holders and NFT holders will
farm these games, and they will hire other people to play the games for them if they
can earn that cryptocurrency back, just like we saw with Dookie Dash, Axie Infinity, right?
You're, like, the owner of this asset, and now you can leverage that asset to earn more
yield on top.
That's essentially what we're doing, game five.
You're earning yield on your asset, and you can do it through a game.
You can do it through just basically staking, but that is what we need to do internally
in this market, right?
By the time, the only way to reach the external markets like regular game is to really be the
number one project in your own industry.
They're building it.
They're building it ahead of the crowd is why they're getting so much flack, because the
people that are here don't want to participate in a game.
They want to degen.
Why does stuff like Crypto Valley do better than, you know, other Web3 games?
Because it's catered to Web3 and Mephers.
The crowd that would play Web3 games isn't here yet, but for you to wait for the Web3,
or the Web2 crowd to come in Web3 that will play these games until they come to build it?
Like, these games take three or four years to build, so a lot of these people are just
building and sitting and waiting for it.
It's not like the Field of Dreams.
You build it, they will come.
Eventually, these motherfuckers that do like to play games that are from Web2 that have
a disdain for a Web3 game will get hip and will come over here.
It's inevitable, but it would be fucking stupid for you to start building your game when they
come.
Like, that's why I think a lot of these people, like, that are trying to do, like, a quick
flip or just try to get some quick motion are the ones that are already integrating into,
like, Fortnite and stuff.
They don't have, like, the long-term treasury to build all this shit.
But I think Basie has that treasury, and they have failed at it because nobody in Web3 wants
to play that game.
But when those motherfuckers do come, they'll at least have the infrastructure and the games
ready for those people that want to play.
Like, bro, you're going to sit here and tell me with the media companies that we see in
the space, you're going to sit here and tell me that, like, FaZe, ThreadGuy, these people
couldn't, like, get a board eight, like, any type of Easter egg or something in a game,
bro.
Like, even, like, Valorant.
Like, you're going to sit here and tell me you couldn't put, like, a little Curtis fucking
keychain on a gun for, like, extra...
Because those are the seeds that get planted when you talk about gaming and mass humble.
That won't do anything, though.
That will do anything.
Yeah, they did the Gucci thing.
Remember?
They had the Gucci collabs and all this type of stuff.
We can't go...
We can't talk about Basie too much.
We'll have Illus show up.
So, let's kind of move forward because I don't want him in here.
He just brings the space down with the Boomer takes.
The Game Boy price?
Do you know the deal?
Yeah.
The game?
What?
The Bit Boy.
Miyagi's on his Bit Boy tour.
I've been shilling it all month.
I'm on my Bit Boy shit.
All right.
Let me hear it.
We can put a board eight face on the Bit Boy Pac-Man game.
Exactly.
And then you can eat up all the other NFT projects.
Miyagi.
No, but I really haven't heard you guys talk about Basie this much in, like, almost six months.
They had basically a whole thing yesterday.
They had even Garga come out talking about this Dookie Dash key has always been meant to have dual role.
First is the part of the Basie lore, and the second is our story going forward.
But also a HV participants in game activation with heavy metal and the key transformed into a legendary HV under Fairway's stewardship.
We're going to mint a new one-on-one version of the key that will stay part of the base ecosystem and airdrop it to a holder of the legendary HV because the story isn't finished yet.
So the reason why we're talking about it is because fucking Garga basically is taking over again and is starting to bullpost.
And that's why people are getting bullshitting because that's the reason why it went up in the first place because Garga was Frank before Frank.
Garga was Luca before Luca.
And he's coming out, and he's taking the fucking culture back, and he's starting to bullpost or starting to bring things that the community want.
And I think that's why people are starting to get more bullish on Basie.
I know we haven't talked about it in months, but Garga coming back is the only reason we're talking about it.
So, yeah.
Okay.
That helps.
That adds some color to it.
Yeah.
I mean, I don't –
And the floor is up.
And the floor is up.
And I think everybody that –
Yeah.
The floor is up.
They basically –
I don't know.
They're basically going back to culture, and that's what they should have done the whole time, all this gaming bullshit,
which they were kind of putting like a spot.
They had a bunch of treasury, and in 2021, 2022, you basically could create a game, do IP like Luca, or just be a community-ran project.
So there's three options, and Basie took the gaming route, and maybe they should have gone IP,
but there isn't a lot of avenues for sustainable business in Web3.
It's those three.
You could be a community.
I think the gaming route for them was stupid if you're going to frame it like I need to have a $40,000 asset to play or some shit like that.
Yeah.
That was always wild.
But my other thing is there's companies like Star Atlas that have built a 10X better game with like 10X less budget.
And so to me, it just means like Basie and that whole organization just feels like people that got the bag and have no creative connections.
So what I'll say to that, bro, is like you have games like Power World that do crazy.
You have games like Among Us that do crazy.
Like what you said is like, oh, this company did this.
It's like saying, oh, this artist did better work than the Bitcoin puppets.
Why is the floor not the same, you know?
And the reason why I compare it is because it's a tension.
It's like a social perception like, oh, this is the Bored Apes.
Like this is something I understand.
This is something I associate myself with.
Even if I'm a Solana Maxi, Bitcoin Maxi, if I see Bored Apes in a Fortnite game, I'm going to root for that.
I'm going to do this for that.
Nah, man.
Money and chains aside, I'm talking about time to execute.
Oh, yeah, for sure.
Like time to execute, they definitely found the bag.
And that's why I was kind of spitting.
Like they could have did something simple with their treasury and with their connections.
Like have a skin in Fortnite.
Have a little trinket on a gun in Valorant.
Like have these little things.
Because that's what really makes people think.
It makes their brain tick where it's like they see something that they may have seen on the news or something that they're not familiar with in their home game.
And then they start to be like, holy shit, like if this is here, what's going on there?
And that's kind of that's kind of leads people to it.
So when you have, you know, you could do this whole their own thing.
I just feel like they missed the mark where it's like you have the treasury, you have the war missile to put yourself in these places.
Like if you look at the avatar, they just had the avatar event in Fortnite.
It's boosting sales numbers like everything.
I know it's just it's just so easy when you talk it out loud and you see like what could be done.
But then obviously we live this life and we know that it doesn't always get done that way.
So I guess with Garga coming and everything to end my point is like if he's in the trenches with us and he knows the deal and he'll be in the spaces with double and everybody illa.
But we got to let motherfucking know, bro, just take a couple mil, throw it at some Fortnite, throw it at some Call of Duty, get a little skin in there, get a little, you know, thing in the game.
Because I guarantee you that shit will go so much farther.
You'll have people talking about it.
I mean, they've had babe collabs.
They've had those little trinkets that you talked about in IRL.
I know, but I also think like Fortnite is a competitor to other sides.
So why collaborate with your competitors?
Why I think you've never seen a Fortnite skin, right?
Because that's ultimately what they're trying to build is basically Fortnite Web 3.
So I think that's kind of why you don't see that collaboration.
But I do agree it would probably get some traction.
I mean, what is OniForce?
OniForce is building in like what is it?
The Fortnite creator or whatever.
So there are people that are doing it.
But has any of that stuff moved OniForce's floor price?
So like we have examples of people doing that that has actually done nothing other than just be another tick on the belt of we've done something that hasn't moved floor price.
So I don't know.
Espresso, do you feel like Fortnite's thinking about Basie at all?
No, I know Basie's thinking a lot about Fortnite though.
They need to get up next to them.
And like the same way that a mafia boss needs an OG to like bring them under the wing.
And like they need to learn the tricks of the trade or whatever the hell.
They need to just go ahead and get close to Fortnite and figure out what to do.
They basically hired a bunch of motherfuckers from like Activision.
All these motherfuckers were supposed to get them closer.
They can't move like they're in competition with Fortnite.
They're not.
You know, so I think here's here was the problem, in my opinion.
Like, I think what Miyagi is saying makes sense if they never raised that much money.
Right.
If they just kept pushing and never raised money and use the hundreds of two hundred million dollars that they they got in generating revenue just from NFT sales.
They could have just continued on with that brand building and doing that whole thing.
But once they raised the four hundred fifty million, the reason why they did that was specifically to create some kind of Axie Infinity competitor.
And at the time, that's what all the VCs wanted, because Axie Infinity generated four billion dollars or something crazy for this new type of game.
That's the only reason why the VCs came in.
They came in and said, we'll give you this money to create Axie Infinity.
Therefore, my four hundred fifty million is going to turn into four billion or even more eight, ten billion.
That's what they were looking to do.
Right.
They're not looking for a brand placement or anything like that.
So I think once they raised the money, that was their first mistake.
But they were going after the Axie Infinity like, you know, holy grail of Web3 gaming.
That's what everyone was chasing.
And that failed.
But it kind of failed after they raised the money.
Right.
If you look at the timeline and everyone was going after that, that was the holy grail.
The next version of gaming that's dead.
And people are still trying to go after it now to this day.
So I think that's where they kind of screwed up and they got into this whole thing where we're going to create this game, this and that.
It was basically just creating Axie Infinity, to be honest.
Well, be frank.
Get us out of this groove, man.
Fucking this basic groove we're in.
We got to get out.
Like, I know it's slick.
These walls are fucking slippery.
And every time we get up, we crawl up and our fingernails scrape down the wall every fucking time we try to get out.
So be frank.
You got something that isn't Basie related?
Please get us out.
Yeah.
I need a rope.
I need a rope.
Web3 gaming is boring.
No, I wanted to bring it back to runes.
Wondering if anybody knows anything about this rune mania minor shit.
But they airdropped their runes.
I think it was yesterday.
Mania, mania, mania.
Just wondering if anybody knows.
Because, like, I mean, this seems like the biggest flop right now.
Like, they got dropped, but there's no volume.
Let me break it down for you really quick.
All the tickers suck.
All right.
Mania, mania, mania.
Kingdom, rune, kingdom.
The rune, guardian.
Guardian.io.
Like, what are we doing here, guys?
All right.
The tickers suck.
There's nothing to meme about.
There's nothing to get excited about.
There's no buyers coming in.
So, I don't know.
If you did all of that work just to come up with mania, mania, mania.
I mean, all the tickers suck.
These are just, these are IOUs of meme coins.
And, like, this is essentially what we did on sold two weeks ago with all these pre-sales.
Like, when you ask, like, who's going to buy, there's not a lot of people that are ready to buy something that has a market cap of, like, under a million dollars.
Like, so, this is what was going to happen.
This is kind of like pre-sales all over again.
But on BTC, a lot of stuff isn't holding value.
And, like, I guess the best time to sell those were right when you got airdropped them.
But, like, who would have known which one would have been winners or not?
So, it's like, you could have cut you.
RMM is rec mania minor, unfortunately.
This is funny.
My, one of my biggest bags.
Nifty, you're the one that came up and said you got, like, a bunch, right?
Yeah, I have, I have 750 million.
And if I, I could.
That'll get me, that'll get me, like.
That'll get you at least a Suzuki.
No, it'll get me, like, 500 bucks.
And to climb up to that, staking those fuckers, it took me, like, 10K of clever, of clever maneuvering.
Like, not buying stupid stuff.
Like, finding the ones that mine the most.
So, if someone has, you know, more than 750 million and they didn't meticulously mine the best value, they're far more wrecked.
But, yeah, I don't know what they're going to do.
They seem to think they wanted to pat on the back for getting, for getting number 944.
Like, they posted that.
When people were posting, hey, we got number five.
Sub 100, man.
Sub 100 rune.
No, sub 1K.
Oh, sub 1.
Oh, shit.
Doing sub 1K runes, bro.
I thought, like, 100 was, like, when we stopped talking about this.
But people are actually clout chasing that they got a 100K under a 1K rune.
Right now it's 10K.
Yeah, if you hit it, if you etched sub 10K, it's probably not.
If you don't have a sub 10K, you're done.
And that's the, I mean, we're in the point where there isn't a lot of narrative.
And right now the narrative is if you got an early rune, your price goes up.
So, I think why the rune mania miner is so bad is because they got such a low rune number.
Like, if it was, say, a top 100, maybe that would be a little bit more.
But right now the narrative is like, oh, if I got an early one, it means it's valuable.
Like, we'll get out of that phase.
But right now that's all we got to go off.
I will say that the rune guardians dropped today, right?
We just talked about it at the beginning of the show.
They're sub 1,000.
And they have two runes that they just came out.
And they're both at a billion-dollar market cap.
So, I think it's really just.
Wait, did you say billion or million dollars?
Million, too.
Both of them are at a million.
I guess it really just depends on which ones you chose pre-runes.
Because some are working.
You know how easy it was to get a sub 50 rune?
If you just had the right programming and spent 0.05 BTC, $3,000, you would have been sub 50.
That's literally how easy it was.
You just had to know how to code it, deploy it on that block, and pay at least 0.05 to get a sub 50 rune.
This man said easy, and then went on to give us all these instructions and say plus $3,000.
No, it's true, because check this out, guys.
You can check the chain.
Right, I know, because I get it.
It's that easy.
And I'll add to English, right?
If you literally check the chain, block 840,001 was like 80 V-bytes to like whatever the fuck.
And then 840,002 was like 382 whatever.
So, and then after those two blocks, it was like thousands, like 2,000, 3,000.
So, he's right, dude.
You literally could have finessed the chain and did it in this timely fashion and got in for a fucking tenth of the price.
And that's what a lot of people did, and that's how a lot of people printed off of it.
Yeah, you just had to be prepared.
Wreck Mania Minor found themselves 15 blocks later and posted about it.
Woo-hoo!
I was like, oh, shit.
I guess it just shows you kind of their commitment level to this.
Like, they seemed kind of lazy while everybody is trying to push ahead.
So, I think that's – people are kind of losing confidence.
Like, this was your Super Bowl, and you basically warmed up, act like you pulled your hammy,
and then came in at like the fourth quarter saying you're ready to go,
and like the game has already been decided.
So, it's just like – I think that's kind of what happened with them, bro.
I mean, what the market is showing you –
I was going to say quickly, what the market is really just showing you is really nothing new,
and a bull market, like, play the winners.
Like, the leader in volume was R6, Prometheans, and Dog to the Moon.
Like, just easy bar.
They're still going to have, like, comms afterwards.
So, you have to see, like, the demand side.
So, that's the demand side before distribution.
And then you have to, like, make sure that there's demand on the other side after distribution.
Like, not everybody who bought before is going to buy more after, right?
You have to have someone to buy your bags.
And as long as you have comms and attention, like Leonidas bullposting, maybe the Cyber Kongs team,
they haven't done their distribution remains to be seen,
but they did, like, have, like, a dump from 0.08 to 0.04, and now it's gone back up to 0.06.
So, you can see the demand rising.
And then R6, a little bit quiet, but they've been, like, the first to deliver their runes.
They paid, you know, quite a bit to get in the top 10.
And so, like, they had that market attention.
And it's just really, like, if you had that attention before and you can keep the attention,
like, you'll probably do well.
Like, it's really not rocket science.
I know a lot of times people look for, like, okay, well, that looks like a crowded trade.
And, you know, maybe it's a little bit high on the price point.
But, like, that's why you're paying a premium for this.
And then sometimes people chase, like, these, you know, smaller caps,
thinking, like, it's easier to get a 2 to 3x here.
But the reality is there's just less demand.
And once they distribute, like, nobody actually wants that token.
English, you've more than proven to me over the several months that I've been listening to you.
And I kind of watch where you go, actually, and which spaces you're on.
And then I go in there because I know you're in there, right?
So, I respect all of your stuff, as you know.
My question is, is how are you playing ZZ Fuhu?
I'm not.
That's how I'm playing it.
I think it's ridiculous to think that they're going to burn the supply.
That's the only way that tokenomics works.
So, like, at a $3 billion market cap, you're talking with.
And so, like, what's the upside there?
Like, that they burn 90% of the supply and it's going to shoot to, like, $15 million.
And then you get a 5x.
Like, I can do that somewhere else.
Like, the reality is, like, they'll probably do some kind of distribution to, like, some kind of holders already.
And so, really, like, if you weren't a buyer at $1 billion, why are you a buyer at $3 billion?
See, I knew.
You know what I mean?
Like, it's not like you had to.
You've already thought about the answer to that.
Like, it's already embedded.
Yeah.
What I did was I bought WIF at $2.5.
I sold my rune stones at $0.075.
I know that that's, like, accounting for the rune stones, which have intrinsic value.
But that was, like, a $500 million market cap valuation.
I said, okay, I'll forego that.
And then I just bought a shitload of WIF at, like, $2.5.
And it went to $3.5.
And so, like, there's, like, the profit margin there.
Like, I just saw something that was underpriced.
And I already knew, like, as much as, like, there's, you know, meme coins can go up and down fairly quick and go to $0.
Like, I know I have a pretty good confidence that WIF is not going to $0.
And the all-time high was, like, at $5, if not just under $5.
And it was at $2.5.
So, like, that's an easy 2x right there.
So, like, in essence, I was, like, accounting for my rune stones going to $1 billion market cap, which I knew wouldn't happen soon.
And I know, and I have a pretty good confidence that at some point when BTC and Seoul kind of pump, it'll probably go back to $5 billion.
So, that was my thesis.
And that's why I made that move.
Not because I was bearish on rune stone.
I just felt like with runes, it would take a little bit of time to get where everybody envisioned it.
And there was a shorter time frame.
So, it's not just making the money, but how quick you can make the money with, like, less risk and more reward on the upside.
So, that was my play.
So, English makes it very aware what his bags are.
The guy is super transparent.
So, if he hasn't talked about it, it's probably he doesn't have bags, right?
Like, more than anybody, you let everybody know what your bags are.
You let them know what your views are.
So, if he doesn't talk about it, it's probably because he doesn't have bags.
I mean, he talks about it.
I'm on Spaces a lot.
And, like, I have, like, my views.
And so, like, I don't care.
Like, I just say it.
Like, I was bullposting, like, rune stone.
I want rune stone to go to $1 billion.
I don't have bags.
I sold.
But, like, people are, like, oh, well, you're not that bullish if you sold.
And, like, I had to explain, like, no, I'm just as bullish as ever.
Like, I think it has the lion's share of, like, the attention.
I think that, like, having, like, some central figure that's bullposting is really bullish.
Like, whether that's, like, Ansem for, like, Whiff.
And I know that's kind of taken a little bit of a hit recently.
But there's just certain things that make a meme coin, even if you think the meme itself is kind of stupid.
Because, like, at the end of the day, the dog with a hat is cute.
But it's not, like, the funniest thing in the world, you know?
Like, it just has to, like, infect your brain in some kind of way.
And so, yeah, I usually just tell people, like, this is where I'm at with this specific stuff.
So, like, I'm saying it.
Like, you have a little bit of context with it, you know?
So you're saying Ansem took a hit.
Is that, like, literally took a hit in his face and lost his powers?
I think both.
I think a little bit.
But, yeah, I don't know.
I mean, like, the coin went down, like, pretty bad after the fight.
And, like, I think, like, he lost a little bit of his shine.
I've never followed him.
I actually didn't even know who it was.
Wait, I thought it pumped after.
I thought it went up to, like, $3.20 or something later.
No, it was $3 when he was at the fight.
And it went to, like, $2.6 or something.
Yeah, it went to, like, $2.50.
Well, then, Whiff this morning got listed on Coinbase Perpetuals.
But it didn't bounce back after that?
Yeah, it's up now.
Yeah, it's up now.
Yeah, Pepe got listed for futures on Coinbase yesterday.
And then, Whiff got listed today.
So, I think that's kind of popping the price back up.
So, and, yeah, obviously, you need KOLs and you need influencers to get your meme coin off the deck.
I mean, Doge, Elon, fucking Whiff.
You have fucking Ansem.
You know, like, now you have Dog with, you know, Leonidas.
And he gets a huge crowd.
So, like, don't – he's a big KOL.
So, yeah, got to have these KOLs.
Here's the thing with Whiff, why I chose to invest in there.
It wasn't because of, like, Dog with Hat or Ansem.
Like, I didn't even know who Ansem was before, like, two weeks ago when he pumped, like, the pump's price.
But the whole thing was that I just look at, like, Whiff and Pepe, like, as a leverage bet on the underlying asset.
Like, at this point, like, I don't really believe Pepe is about the Pepe meme and a frog and all that stuff.
And I don't really believe that Whiff is about a Dog with a Hat anymore.
It was in the beginning, but it's no longer.
It's just a bull run.
It's like a leverage bet on memes.
Like, there's no world where meme coins do well and Whiff doesn't do well or Pepe doesn't do well.
So, it's like – it's almost like a proxy bet or a high-level beta on just the meme coin ecosystem.
That's how I looked at it when I put money in it.
I don't think that's true of any coin, but, like, specifically these two coins.
So, like, at some point, I do think if the trajectory of Dog to the Moon does really well, it will literally not be about Leonidas anymore.
Like, if that coin goes to $2, $3, $5 billion in six months, it will no longer be about Leonidas and all that stuff.
It'll just be looked at as, like, a leverage bet on runes.
Will that play out?
I don't know.
We'll see who gets there first.
Like, R6 could actually become that.
I think that's, like, a bull thesis of a lot of people with R6.
There's a couple of other contenders, maybe Satoshi Nakamoto.
I don't know.
It just depends.
We're kind of, like, in this wait-and-see phase.
But at the end of the day, Dog to the Moon has the most volume and the highest market cap outside of Fahey.
But I'm talking about of any runes that are actually distributed and fully diluted.
So, we'll see.
Yeah, yeah.
And I'll get to Utah right now.
But just, you know, this was listed 13 hours ago, so it's probably a change.
So, Dog to the Moon is at $333 million.
R6 at $207 million.
Nakamoto's at $84 million.
Wanko Manko's at $27 million.
Few is at $38 million.
Catbust is at $11 million.
Memanomics or Economics is at $9 million.
The Ticker's else is at $4 million.
Pepe Matrix is at $4 million.
And Wadawala Pingos is at $1 million.
So, yeah, it's the race to a billion, right?
And then I'm going to throw it down to Tout.
I'll throw it to Crayon and then double.
And then we'll keep it moving.
Go ahead, Tout.
Choo-choo.
Yo, Gmug.
Yeah, dude.
I don't know if I'm, like, a fucking boomer.
I just don't understand the culture.
Udi said this on Eddie Space the other day.
He's, like, I don't know who he asked.
He's, like, hey, what's the first Solana meme coin?
And, like, nobody fucking answers.
Like, what was the first ETH meme coin?
And nobody fucking answered.
So, like, in my mind, it's, like, who gives a fuck?
Like, you know, like, I get it.
There's some sort of provenance.
And I know this is probably going to ruffle some Bitcoin MFR's feathers.
I don't give a fuck, to be honest.
But, like, Pups isn't even a fucking rune yet.
And it's already at, like, what, a $200, around $250 market cap?
Like, it's, in my mind, it's, like, this shit really doesn't change, whether it's on Bitcoin
or Solana or fucking ETH or goddamn Hedera Hashgraph.
They're, like, meme coins that don't have utility.
It's just a different chain.
I mean, listen, thumbs on me all you want.
I don't give a fuck, you know?
It is what it is.
But it's who can maintain the most attention and who can get the most exchange listings
and whose posts are you going to see it under the most.
So, like, I don't know.
That's just kind of how I'm placing my bets.
I don't know if there's any use case to these.
I genuinely don't.
I'm not saying that, like, sarcastically.
I don't know if there is ever going to be a use case for these.
There may or may not be in the future.
That's kind of TBD.
But I'm just playing it as who's going to continually grab the most attention.
And in my mind, it's like, okay, Satoshi Nakamoto, like, that just speaks for itself.
And, like, I had people in real life, my, like, Web2MFers that I don't fucking tell about
crypto that I used to tell about crypto a long time ago, so they know I'm kind of in
it, but don't, that asked me about Pup Stoken.
And this isn't a subtle shill.
Like, I literally just bought a couple Pup Miners yesterday.
I never owned them, you know, or anything like that.
I bought some Satoshi today for the first time, you know, even though, you know, it should
have, I should have probably did it at half of what it was, like, yesterday or before
that.
It's just that I'm playing this whole Rune thing as it's another fucking cycle.
And who do I think is going to maintain the most attention and have the most volume, which
is going to give you the best ROI.
But I don't know.
We'll see how all this shit plays out.
I don't know.
I just kind of want to fucking say who gives a fuck about who's first.
And, you know, just get out whoever, whoever does it the best is going to win.
I've been saying provenance doesn't matter in meme coins forever, but maybe it matters
in Rune's because that's what all the fucking main people say.
I don't fucking know.
I mean, you've seen what it was, Udi or was it Trevor that came out and said, I didn't
buy enough ordinals.
So I'm just like being a VC and just spring brand buying enough because I feel like these
early ones are going to be similar to early ordinals.
And I don't know if I agree with that.
Maybe this is a different dynamic because it is on Rune's and provenance does matter more
on Bitcoin, but like not everything is a meme coin.
You know, there are utility tokens.
And then we have Ducat came out yesterday and has basically announced their white paper
of creating an L1 native stable coin.
So now that we are basically now using Rune's to create some kind of stable coin, now we
can have DeFi pop up on Bitcoin, which will be similar to DeFi summer and where we're going
to start seeing protocols pop up.
And if you use the protocol, you use their stable coin, maybe you can get airdrop Rune's
and stuff, so now we're seeing people that using the Rune's protocol for not what it
was used for, which was degen activity, and try to create DeFi around it.
So those are the kind of things I'm excited about, people using this protocol for not what
it was meant for, and this stable coin is the first attempt at that.
So that's the kind of stuff I'm like, if Ducat ever launched a Rune and it wasn't like
a stable coin, I would buy the shit out of it because they're building shit.
So like, I think long term, looking at like liquidity and when they dropped their Rune's,
find those DeFi protocols, the stuff that has utility as the coins, those are probably
going to hope a lot better, similar to what we see on ERC20 than meme coins.
Meme coins go down the quickest, but they go up the quickest because there's speculation,
but ones that have fundamentals might not get the pumps, but over the long term, they pump
the longest because they actually have something backing it and not just some, I mean, some
of it is vaporware, but they actually have products.
So we'll see where it goes.
In the future, I totally see that, but like, look at node monkeys, and I'm not trying to start
this whole fucking back and forth, like, I'm not, like, didn't they say they were first
and then pups flipped them because, even though pups weren't first, like, you know.
Because they have a token, that's short term, they have a token, obviously.
I don't think they had a token, did they have a token on that?
Yeah, they did.
No, the token didn't exist before they flipped it.
It didn't exist before the token had, it was none of that.
Because of the anticipation, speculation of the token.
So what I will say is to Toot's point about like provenance and how first doesn't really
matter, it's like, the way ordinal theory works and how things are in order, it just
psychologically kind of gives that to the individual as well as the precedent of BRCs and
early inscriptions, you know, Bitcoin shrooms go for half a million because they're early,
blah, blah, blah.
So that's where I would say, like, you're right.
But the crowded expectation in the social consensus was, like, the earlier the better.
And that's just because of the precedent that has, you know, we've seen.
Like, perfect example, Ordi, you know, Ordi did what it did.
You have Sats that came out and nobody's even mentioned Sats in months, but it had its
parabolic run up.
And Pepe hit an all-time high of a dollar last week and now is at $0.20.
So when you say, oh, like, you know, it doesn't matter, blah, blah, blah, you never know where
it's going to go, obviously.
Like, that's kind of the Sky Casino.
But the precedent of what has come kind of led people to build those expectations.
And in that, it definitely got people wrecked.
So, yeah, that's kind of just my point.
Like, the precedent and the hype was there and that's where people were building off
So for you to, like, set people straight and be like, hey, guess what?
It's not that is, like, responsible.
And that's, you know, why we're here.
But that's what I kind of wanted to tell you is, like, that's where it came from.
It's like there was a precedent and people were blindly aping the precedent.
Also, because provenance plays such a role on Bitcoin because the idea of permanence on a
blockchain and outlasting everybody stems from Bitcoin.
The original King's chain, we got this thing from Bitcoin and, like, the idea of permanence
again.
That's why on every other chain, it doesn't necessarily play as much as a role as it does
on Bitcoin.
Yeah, I was going to say the same thing, but I was going to add that, like, it's actually
the ordinal theory that really cements that idea, right?
Because it's about sequential order.
The order in which the sats are produced kind of gives it somewhat of a rarity, right, to
the underlying Satoshi.
So that's why it matters for Bitcoin and ordinals and runes.
It doesn't matter on Ethereum.
It doesn't matter on Solana.
And the other point against, you know, kind of disagreeing with Tout a little bit, like,
I get what he's saying.
It doesn't really, that's not the end all be all, right, whether you're first or last.
But it does matter on Bitcoin.
And each chain kind of has its own narrative, right?
Like, Solana has a narrative of being fast and cheap, but the downside is that what we
saw with all, when at scale, now you have to defend all these bots because it doesn't
cost anything to just run transactions and you can just, like, DDoS attack certain wallets
and things like that.
So there are downfalls, but they have a narrative, right?
And Ethereum is kind of, like, right in the middle.
And then you have, like, the L2s and things like that that have their own narratives.
So I think there is something to speak about in terms of narrative on each chain that kind
of has different dynamics.
But at the end, I agree.
Like, it's about attention.
Meme coins are about attention.
But there is something to be said about getting the number two spot, for example, right?
Like Cyberkongs.
But I do kind of disagree with what they chose, right?
Like, decentralized as, like, their ticker.
So to me, that's, like, kind of, like, not the greatest marketing in the world.
So I agree.
Like, it's twofold.
Huh?
What would you have picked?
I mean, I don't know.
But if I'm spending $500,000, like, I would have thought through, like, the branding and,
like, the marketing.
I thought decentralized is Bitcoin culture, kind of.
Kind of.
I mean, for an ETH project, I think they did a pretty good job of picking that name.
Like, if you want to...
Yeah, here's the thing.
Because, like, they could have chosen something with, like, their lore or whatever.
But, like, they didn't want to make it about themselves.
Like, they specifically said that.
They wanted to, like, contribute to, like, ordinals in a way that it has nothing to do
with them.
It's a contribution to ordinals itself.
And so picking a ticker that would mean meaningful to the ordinals and BTC ecosystem was their
highest priority.
And having, like, a one-word ticker that, like, is completely different from everybody.
Like, to me, it's, like, a 9 out of 10.
Like, I don't even know if it's a 10 out of 10.
I don't know if anybody has a 10 out of 10 ticker.
But, like, that was, like, a banger.
When I saw it, I was, like, not only did they get number 2, but they got, like, a banger,
dude.
Out of all the 10, it was the best one.
I think it was out of all the top 10, I think it's the best one.
I think it might be even the...
No, the dog to the moon is the best one.
I thought it was the worst one.
Why does the name Prometheans come into play for their order?
All right, let's go to Kranz.
Let's go to Kranz.
What up?
Yeah, I was about to say the best ticker on Runes right now is Intergalactic, because I
just looked at my airdrop, and I'm fucking floored, honestly.
And that guy...
What did you get?
What did you get?
How much did you get?
I got 8K, man.
Wait, what's Intergalactic?
Where did you get that from?
That's IMSO.
The fucking champions, my guy.
IMSO Chris.
You got 8K?
That's all for 10 years.
You got 8K?
I don't think they're all...
I don't think it's all been distributed yet, though, right?
Probably not, but still.
I mean, the mint was under .01.
It's also the 96 rune.
But there's no sales, though.
That's the thing.
There's literally no sales yet.
Bro, nobody's even trying to sell their shit, because he's got a game.
Exactly.
Exactly.
Why do you think no one's trying to sell it?
And they got listed on Mech C.
I think he's getting listed on Mech C, too, so...
And nobody else has it.
Nobody else has it.
That's why.
Yeah, you just screenshot the wallet.
You know, that's what Solana motherfuckers do.
They don't know if anything is liquid or not.
They're just like, look at how much money I got in my wallet.
Like, that's what you do in Bitcoin.
No, I mean, I get the whole you got to split it up, the UTXOs, all that bullshit.
But still, I did not expect it to be this.
And honestly, man, I'm pretty happy with it.
Do you like that ticker?
In the Galactic?
I do, yeah.
It's a good one.
If you guys believe in Bitcoin being permanent and if you believe in space travel, that's
a good one.
And it's in the top 100.
I think just tickers are like art.
You know, it's just like everybody...
It's just speculative.
Everybody has their own taste.
I don't know if you can identify what's a good ticker or not.
Everybody thinks they know, but typically the shit that runs, no one likes.
So, I don't know.
Oh, and I had a comment on Providence, too.
I think on Bitcoin, man, that thing probably goes as high as 100,000.
You guys just don't know it yet.
No, not in this case because of the supply.
I think it made sense with ordinals because it's like one of ones, right?
There's like 10,000 actual single ordinals.
Yeah, but we like to talk seven days later and forget about 70 years later.
Like, you know what I'm saying?
Well, let's say 100,000 years from now, you're going to be like, okay, there's 21 quadrillion
ordinals.
Okay, I guess the first 100,000 billion, kabillion runes will have some kind of Providence, I
guess.
I like thinking like that on Bitcoin, man.
And honestly, if you guys aren't thinking like that, I don't feel like you're trying
to leave the...
Like, you probably don't even have, like, if you die, like, who gets the money?
You don't have none of that shit figured out.
You probably don't even think about it.
Like a will.
No will.
They have no will already.
No trust.
All that.
Oh, come on.
Now, we're taking...
Bitcoin's forever, bro.
I got my fucking seed phrase etched on my tree outside.
It's going to be there forever.
So when I die, my son just goes to the tree and he can open up my Meta Mask and my...
And he can have that fortune.
So yeah, I've already thought about...
Yo, dude.
That's a good plan right there.
Cicadas are coming, dude.
You got to watch out.
Make sure it's not like a major thing.
I go in there and engrave it every spring.
I do my...
You know, when I get the first mow, I'll just start engraving it a little bit more if
it got wear out.
So yeah, I got a little thing.
Hopefully no one knows where I live.
Your great-grandkid is going to get your seed phrase and be like, why did this fool buy
this at zero right now?
Uh-huh.
Like, why was he buying some fucking degenerate ass in a tee that has, like, a bored ape sucking
his own dick?
They're going to be like, why?
Why did you do this?
Jesus Christ.
You're going to be like, why is this bored ape sucking his own dick worth $50 million?
I don't understand.
Why did it flip other side?
Let's go to Flame.
Let's go to Flame.
Go ahead, Flame.
Yeah, take your weird-ass discussion to the DMs.
This is a daily alpha.
We don't have time for this stuff.
Go glaze each other offline.
Sorry.
Chief's not here.
That's your inner chief coming out.
That's the inner chief.
I do a little chief impression.
Um, so speaking of interesting runes, uh, you know, I mentioned this somewhere else,
but, uh, Rare Skrilla dropped one rune called DJ Pepe was here and the tweet was, let's play
a game.
And he just did a follow-up tweet that says 133 blocks to go about an hour ago, which means
it's locked.
Nobody can mint it yet.
I thought it was somebody just, he just put it out and somebody snagged it.
But it turns out you got to wait and watch like a hawk for this thing to drop.
So I think that's pretty cool.
Can you pin it to the top?
It doesn't have like a block.
Like, is it a rune?
Because typically in the rune, when you etch it, it gives you the block that it starts and
the block that it ends.
I mean, I thought that's...
Well, yeah, it is a rune, but it's only one token.
But does it give you any...
Oh, it's only one token.
So one person...
It's a one-on-one, yeah.
One person's going to get it.
So it's basically just going to be stealth launched.
Yeah, it's like a one-on-one.
And then you're going to think you had it and it's me pinning in the
min pool.
Then you have all these motherfuckers like Swag that get the goldmine.tools and
snipe it from you.
And it gets sniped from him.
And it does like a nice little transition to like six different holders until the block
confirms and shit.
Totally.
I'm just getting popped.
And the miners eat.
I think it's going to be fun to watch it play out.
But speaking of interesting root tickers, and then I'll duck out until I can come back
with some more alpha, but Bitcoin Pepe Matrix.
That's a dope-ass one.
And so, you know, and Wanko Manko.
So, I mean, if you're not, if you're not, if you're giving into the dog and not picking
up a little Wanko, I feel for you.
Yeah, that's.
There's another Rare Pepe Crew guy that released two tickers, one of which allows you to mint
the second.
It's actually like a raffle.
And the other, the second one is a one-of-one.
And he actually came out before Rare's Gorilla.
His name's Arwen.
But the Rare Pepe Crew is, you know, they're innovative.
I'm like Express.
I like, uh.
The innovation.
Some of us are out here, like, using the tech for our family digital tree, man.
We're going to put our C phrase on the tree out front, man.
Some of you are using it like that.
Literally a family tree.
That's what it is.
It's like, when you're going to go back and you're going to reference that tree for my
son's generational wealth for years to come.
Are you guys not watching this epic side shit, bro?
It just hit two million, bro.
What the fuck?
I was going to bring it up.
What's up, Bless?
Bless got some information.
This is the craziest thing, bro.
Two million?
Fuck.
For a random shot?
That means it matters, right?
That means provenance matters.
There's only four of those in existence.
Epic shot.
Dude, this is fucked up.
Like, this is pretty sick.
I'm not going to lie.
That's the difference.
Like, no other chain is selling, like, a single digit of their, right, of their fucking supply
as, like, its own thing.
So, that's why it makes a difference.
Yeah, that's what I'm saying.
But that's why it makes a difference.
You just airdrop and mid-pissing and bio, bro.
You need to just go ahead and bless the space.
We need to spend it.
Here's an update.
Here's an update.
So, the current bid, 33.3 BTC for the Epic Sat.
That's $2.1 million.
One sat equals one sat.
And then yesterday, we had that one piece of paper that was held up behind Janet Yellen
basically sold, what was it, for, like, a million dollars?
I don't even know if it was a million.
That was a lot of money.
And it was at PubKey.
Like, everything happens at PubKey.
I was like, I recognize that place.
That's where I was.
All in NFT NYC is PubKey.
So, that was auctioned off.
A piece of paper was auctioned off and sold for over, like, a million dollars.
And now this Epic Sat's going.
Current bid is at $2 million.
And you wonder why we're bullish on fucking ordinals, my guy.
Bullish.
Bullish as fuck.
I think they won.
I think 33.3 won.
And that number is kind of interesting.
I wonder.
I actually have no idea who.
Is Frank behind it?
Frank's behind it?
I don't think they have the volume.
I don't know.
I don't know if they have the sauce like that.
You know, like.
But, you know, don't quote me.
Maybe they do.
33.1?
It should be 33.3.
No, 33.3.
That was the final bit.
That's kind of crazy, you know?
Maybe it's ZK.
You know, he was from D-Gods.
I don't know.
Maybe he's not.
I'm curious as to, like, what these people are going to do with the sat.
Because, like, for instance, Seize Control, they bought a rare sat and they did a parent-child.
So, like, what are they going to do with this?
Like, who's acquiring this and what's the reason?
That's kind of where I'm at with it.
Like, if you're a mining company or you're in these companies, you're spending $20 million on one satoshi.
What could you possibly do with it that's going to make it worth it?
And that's kind of what I'm, like, facing at.
Well, obviously, there's a market for it, right?
So, people are going to buy it and they're going to, like you said, create a parent-child.
Just ownership of that.
Just, like, why do people want, like, the penny that was created in, like, the independent war or whatever you call it.
Independent state or whatever, 1776 penny, whatever the greatest penny is, right?
We'll look back in four years at the Epic set that's mined in four years and it's probably, like, tripled the price.
So, like, people are expecting these every four years to get higher and higher probably.
So, I would imagine they're, like, they're thinking they're getting a deal here.
And I bet it probably goes over 60 BTC at this current price.
I'm just trying to current price, 60 BTC next in four years from now.
So, getting it for this discount looks probably going to be a win because this has never been a thing until Casey created Ordinals.
So, like, no one's been in competition of this for the history of Bitcoin that's been out for 15 years.
This is the very first time.
So, you imagine people don't know how to evaluate it, don't know how to price it in.
But I think a lot of people are excited about it.
And I think it just, that excitement continues.
And then next year, we have four years of this excitement.
People talk about this Epic set sale.
I think that that is just a floor.
That 33 is now going to be the floor for the next bid, next four years.
And it probably is double that.
And people are going to be looking back like, man, that was such a steal to get that for 33 Bitcoin.
So, could we, since, what, it's 2009 Bitcoin came out, or in 2024, so what, three other happenings outside of the one that just happened has occurred.
So, that means that there is a total of four Epic Satoshis in circulation.
Do we, is there a way for us to find out where they're sitting, even if it's in, like, an exchange or some shit?
Because that's just something, like, I just thought about, like, if the market fucking throws 20, 30 million at this sat, wouldn't that wake up the other people who may have the three?
Like, if Binance has one sitting or something, it would just be like, okay, let's figure out how to get this.
Like, is there a way for us as people degenerate to even find those sats?
Because that's just curious.
Like, is there, I don't know, if anybody doesn't know or whatever, but I'm just like, can we find out who owns it and then reverse engineer backwards contact them somehow?
I don't know.
Just curious.
Probably some mining pool somewhere probably has it.
I don't have resources for it.
Go ahead.
Yeah, no, like, people have been looking for the other epics, like, for sure, for, like, the whole, like, last, like, probably six to nine months to, like, say that, like, this is going to wake up, like, people looking for it.
Like, maybe it'll wake up, like, general market, like, demand for it and will increase the price based off of this auction.
Like, that's for sure.
I know, anecdotally, one person that may have it that I've heard, like, through the grapevine and hasn't done anything.
I think, like, a lot of people's bull thesis is that don't do anything with it.
It's like, as a virgin sat, that's the way to, like, increase, like, the value over time.
I'd actually probably agree with that.
Like, the only other thing that I could think of is, like, if you did, like, some crazy collection and, like, you made, like, some, and it really wasn't tied to it, like, in a way that, like, damages itself.
But, like, you do something legendary that's, like, tied to it.
But don't actually, like, inscribe on that sat.
Like, really, I think the truest, like, value of it is just to keep it and hold it.
I do think that the moment you're basically, here's the gamble, right?
The gamble is that whatever collection you make, the market cap of that collection is going to outweigh whatever the price of that is.
And then specifically, like, from, like, I guess a greedy standpoint or a business standpoint, rather, is that you can sell those pieces individually at that market, at a market cap that's higher.
So, it's not even just the market value, like, over time, but if you're looking at it from, like, an investment standpoint where you specifically benefit, whatever you sell it at has to be more than, you know, the $2 million or whatever it's at right now.
So, I don't know.
I would just, if I was a speculator and a buyer, I would just own it and keep it and hope that it goes up.
If these sats are canvases, this is the holy grail of canvases.
So, maybe it gets sold to some kind of artist that is waiting to get into Bitcoin, and this is the canvas.
Maybe it's Banksy, and he's been waiting to get to Bitcoin, and this is going to be his canvas.
And then maybe he burns the sat as, like, a way to orchestrate, like, some kind of, you know, I don't know.
He likes to do that kind of shit.
Oh, please, bro.
What are you saying?
I'm just saying, like, this is, I mean, this is now the holy grail of all canvases.
I think a lot of artists would be tempted to put their very first piece of artwork on it.
You're dead on, dude.
Like, it would be way more valuable if you burned it and did an art piece, like, as a statement, than, like, actually inscribing on it.
Like, nobody cares that you inscribed on it.
Like, they might think your art is mid, and they don't even want nothing to do with it.
But, like, if you did something that was, like, that dope and you burned it as, like, a, like, tribute type of thing to Bitcoin, I do think that that might be more powerful.
Yo, how much did Nomux make from their mint?
Or how much did the OMV make from their mint?
Like, you guys have numbers, like, out there, because 2 million.
Oh, it would be made a lot.
2 million?
2 million to me is, like, um...
No, no, no.
I mean, like, 20 million.
So you're saying that he used the mint for orange eyes and ZK bought this sat, is what you're saying?
No, I'm saying, like, this collection is, like, who already minted.
Like, this sat went for 2 million, right?
I think someone out there would be willing to, like, try to bet that they can make something out of, like, you know, maybe use it as a parent-child for a collection.
Maybe make more than the volume was there, you know?
Like, the 2 million actually is lower than I thought I was going to go for.
But, you know, congrats to whoever got it.
I think if they did a collection...
Look, C's Control, I like the art, but I've never raved, nobody, like, talks about it as much anymore, but they do have that.
Yo, we did it on the, you know, on the sat.
We did it on the set.
We did it on the rare sat.
Yo, bro.
So, that was, uh...
Les is coming up here infiltrating the conversation because he knows something.
Like, who are the rare sat...
No, listen.
Who are the rare sat motherfuckers?
I just woke up, bro.
It's ZK.
It's Nullish.
It's...
Nah, I just woke up, bro.
Like, what?
If you're going to drop another OMB project, you have to have it tied to the epic set,
because you guys have done everything else.
I'm going to give you the alpha right now.
They don't tell Bless anything because he goes to space as much.
That's the alpha.
I mean, like, who are the sad hunters?
It's Nullish and ZK.
I don't think that's where Bless is coming from.
He's just saying that if you're, like, a dope artist and you can come up with, like,
dope narratives that people want to buy your shit, like, you're talking about tens of millions of dollars,
not two millions of dollars.
Okay, maybe he doesn't buy it.
If he doesn't buy it, he's in this bid right now.
He's putting bids down.
Nullish, RZK are putting bids down on this rare set right now as we speak.
What do you mean?
Like, it ended, bro.
Oh, he had a bid.
He had a bid.
I know he did.
I know that's why you're coming up here.
You're trying to talk.
You changed.
You steered the conversation.
I just woke up, bro.
Come on, dude.
You stared this conversation in this direction because you know something,
and that's why I'm saying, like, now it's all coming together, bro.
I'm literally the last person in those.
You're going to get booted from the Discord, bro.
I'm telling on you.
I'm just joking.
This space is way too much, bro.
These guys don't tell me shit.
And I like it better that way.
I'm not going to lie.
Like, I'd rather not be responsible for information.
I feel that.
I feel that.
Let's go to Steven.
They're not going to tell you in the Discord if they bought it.
Yeah, we'll know.
We'll find out, baby.
I haven't heard anything from ZK in a few weeks.
I mean, what is he waiting for?
Like, this dude has been, turn on your nodes.
Everybody move to Bitcoin.
You think he would spend 33 Bitcoin with $2 million just to create another project?
No, I'm not saying, not to say he could create another project,
just to have it in his repertory, in his treasury or his repertory.
Like, this could be something.
I could do this at any time.
And, like, I don't mean, maybe it's parent-child inscription off the epic set.
But if you mint your project at one Bitcoin each, you can get that kind of money, you know?
I think he has enough money, bro.
I don't think $2 million is anything to ZK, personally.
Let's go to Steven.
Hey, Steven, good morning.
Sorry to get to you so light in the show, but how are you doing, my guy?
GM, no worries.
I just have had all the time in the world over here to ponder just how much I miss Chief.
So, very much so.
Looking forward to having him back.
Got to throw a little bit of shade this morning.
I want to take one more shot at you real quick.
There was one comment made earlier that I need to return to.
And it was the idea that, you know, people are treating or, like, looking at these runes tickers as art.
That is probably the most mid-curve take I've ever heard on this show.
So, I'm going to call it a spade a spade.
That is a mid-curve-ass take.
Like, if you want to compare it to anything, it's the domaining market.
Like, people are speculating left, right, and center, like, absolute degens the way that they should.
But that's most easily compared to the domain market.
Back to the shit that I normally talk about.
Art market's looking good.
More artists are staging up for, like, actual returns to ordinals now that these are finally starting to chill the fuck out a little bit.
So, the one that I wanted to bring you right now is from Function Gallery.
They had been putting some things off.
They had a little bit of a rough launch.
But they are ready now to, like, start moving the ball forward down the court.
So, be on the lookout for this coming up, I believe, next week was their target date.
It is a project called Contrastructura.
So, it's, like, not English, in my opinion.
But that doesn't mean that it's not great art.
It's a generative collection, 128 supply.
I'm sorry, 164 supply.
Whitelist is selling at .0032 BTC.
Open, for the public, is selling at .0042.
The artist is Necropunk.
If you guys have not gotten familiar with Necropunk, I really do recommend that you do.
When I look across the market and I look at 3D generative systems, especially on ordinals, it's kind of few and far between.
Like, there's some people that have tried to tackle it a little bit.
It's good.
But this is, like, very, very detail-oriented.
Very much so along the lines of, like, brutalist type of architectural structures.
And he does nail it in the 3D sense.
So, I would take a look at this collection.
I think it's really interesting to see how he's breaking out.
And also, with it being a function collection kind of being launched in line with their V0.2 version launch,
I think it's an early collection over there that's worth keeping an eye on.
So, I'll pin the details up to the top for you that are out there on Twitter.
But if you want more info on how to get into the whitelist for it or to participate in the public,
I recommend joining the function Discord.
It's going to be the easiest way to get into that one.
But there's also the Braindrops launch that I think I mentioned earlier in the week.
I know I talked about it on Color Commentary on Tuesday.
But this one is coming up on, I believe it was launching on Friday.
Of course, things are just not loading as fast as they normally do.
But it is from, where did it go?
This is amateur hour over here on my part, guys.
I apologize.
Memories of an Exhibition by Benjamin Bardu.
It's coming Thursday.
So, today, public sale launches at 1 p.m. Eastern time.
It's selling for 0.1 ETH per piece.
Supply of 500.
I like it a lot.
The aesthetic on it just really kind of speaks to me.
And obviously, a lot of AI art is kind of leaning into the post-photo and the hyper-realism angle.
This doesn't.
This is very much so in the abstract category.
And it kind of follows some of the finer notes, like the type of work that MP Cause puts out,
where you have a lot of really interesting still-life capture, but in a generative environment and in an evolving animated environment.
So, I would look at both those two very, very closely.
I'll make sure as much info is pinned to the top as possible.
But I think it's a good time right now, guys.
When all of its attention is so, so, so much on runes, it's the opportunity for you to go elsewhere and see what's undervalued.
So, I've been saying it all cycle.
Art is yet to see its day.
But believe you me, it's coming and it's going to be an absolute fucking tidal wave.
I think it's close.
We've already seen people start sweeping Chromie Squiggles.
People have been buying X copies for crazy prices.
We've started seeing CryptoPunks, which I consider art.
They're starting to get swept again.
So, I think you're on.
I think we're kind of entering.
We've already entered the up phase on art.
And I just don't think people have actually realized it yet.
So, I think you're right, man.
I think you're right on.
I think this is the time.
And it's coming.
So, shout out to you, Steven.
Thanks for bringing all that to our attention.
I did pin up the mint schedule for you guys.
Some of the stuff that was kind of intriguing to me.
So, we do have some token launches this morning.
We have Mochaverse is doing a community public sale.
We have Xborg is doing their sale.
Xborg is a player identity program building gamer base and onboarding millions to players.
It looks like they're doing some kind of sale, token sale.
We have PlaySomo is doing a token sale.
So, a bunch of gaming token sales today.
Some NFTs that are minting.
We have Elixir Games.
I've heard some people talking about this.
It's a $999 supply.
It's free, one mint per wallet.
It looks like the start time is at 4 p.m. CET.
Couldn't tell you what time that is.
We have base NFTs dropping on Magic Eden.
Probably will pump the market.
Anything base related will probably go pretty ballistic.
So, look at that.
We have the Lucia one that he just talked about by Fuck Render.
That's going on today.
Portal is allowing people to get into SOMO if you stake Portal.
We have these things called Ordi Cat Biz.
First 300 wallets could be Sittered.
I don't know what these are minting on.
Probably on Inscribe now, but kind of a derivative of Ordi Maxi Biz plus these cats.
So, I don't know if they do well or not.
Just throwing it up there.
And then the last one is pretty interesting.
It's on Ton.
And it's the legendary Kikorki series characters are coming to Ton.
Sameshi Kari X-Ton Season 1.
Sales starts April 25th, 2 p.m. UTC.
5,000 unique entities including 1,000 rares.
And I did a little research on this and this person is, it's a very popular Russian TV show.
So, Kikorki, known in the United States as Go-Go-Riki or Balloon Tunes, is the original Russian name.
Simakuriki is a Russian animated television series consisting of 307 episodes, 6 minutes and 30 seconds long.
So, each aimed at children 3 to 8 years old, the series uses both flash, animation, and computer.
The first episode premiered in Russia on December of 2022, 2003.
Rounded animals, Russian names, funny, little, ball, a series that include complex themes.
So, like, this one is pretty well known in other countries.
And this TV show is broadcasted to, like, 30 other countries other than Russia.
So, this is a minting on-ton blockchain.
I think it's already live.
But wouldn't be bad to get some of these, personally.
I think you probably need to get, they have a, basically, a web, an NFT launchpad called getgems.io.
You're going to go there.
That's their NFT marketplace.
You're going to have to get a ton wallet and fill it up with maybe, like, 50 bucks.
And you'll be able to participate in this mint.
So, that was one that kind of, like, okay, these guys have a lot of, they have a television show.
It's broadcasted, like, 30 different countries.
Yeah, not in America.
But there might be some people, you know, the ton blockchain is Telegram.
And they have over 900 million users.
And I think a lot of the users aren't actually from America.
So, I think that this integration of this NFT, maybe some people that we don't know on the other side of the world are pretty intrigued with this.
And there's only 5,000 of them.
And they're free.
So, ton blockchain continue to heat up.
We've got to keep track on it.
It's popping off.
X, did you see the airdrop that they announced?
No, no.
I'm putting it to the top.
Since you're on time, I'm going to stay on this topic.
Yeah, through the ton blockchain account, they're airdropping 600K to NFT traders and holders of specific, I guess, collections on that chain.
So, if you've been trading anywhere between April 11th and the 23rd, you should get around 100,000 ton to your wallet.
So, the thread has, like, eligible criteria and stuff like that.
But the snapshot was taken earlier this week on the 23rd.
So, there's, like, points, systems, and rewards.
So, it seems like almost on every show, there's something new on ton.
And I know you've been a heavy advocate of it.
So, definitely wanted to drop this in here.
So, if anyone got in when X was talking about this, if you've even been participating on the NFT side, it seems like it's already paying off, just between just getting airdrops.
Yeah, ton blockchain is, you know, Telegram.
Ton stands for the Telegram Open Network.
And 900 million people use Telegram.
Any blockchain would be the top blockchain if they converted 900 million people onto their blockchain.
So, I think Telegram is up and coming, underrated, and got to keep track of this stuff.
If we're talking about Web3 Gaming or anything, I think that it will sneak up on us and it will possibly be on the ton blockchain because they just have a lot of conversion from their Telegram app to the blockchain.
Steven, you unmuted there for a second when I was talking about it.
Do you have any more details on this, get Jim's, this character from Russia, or whatever?
So, I'm not familiar with the person that you're talking about.
What I wanted to mention was there was one on the list that actually got canceled, and I just wanted to make sure people weren't wasting their time trying to track it down.
That was Seascapes from Harun Mirsa over on Verse.
So, if you're still interested in that piece, I would try and find a different way to track what's going on with it.
Or you can just keep an eye on All Eyes on Art, and I'll keep you updated on that.
But, yeah, for some reason, they canceled it.
The information's been really, really quiet, so I'm not exactly sure what's going on there.
But, yeah, you don't have to worry about that one.
I appreciate it.
And, yes, I probably butchered the fuck out of those names.
They're in Russian.
I couldn't tell you if I said it right or wrong.
So, I apologize for the misinterpretation.
I probably am saying it wrong.
But I gave you the information up top.
You guys can do your own research.
And some people are on tone already.
I mean, I think this one will probably sell out pretty instantly.
So, let's go to Double, and then I'll throw it down to Miyagi, and then I've got some more alpha for you.
Go ahead, Double.
Oh, yeah.
I had two things.
The first thing, going back to runes, I saw a couple, an announcement by Magic Eden that was pretty promising.
I don't know if you guys saw it, but it looks like they're coming out with a lot of new features,
like the swap feature is going to be coming in, and also charts, so I can do my TA.
A lot of cool things coming in, and just the basic list of what's trending, the volume.
Like, that's what I'm missing right now in runes.
So, I think when that comes out and we're able to kind of see what's going on with the market and trade off the one-minute TA,
that's when we're going to see a boom in these rune meme coins.
The other thing is, like, did you see the ETF, the BlackRock ETF, had, like, $0 inflows for the first time?
Yeah, I saw that.
Grayscale's even easing up a little bit, too.
I think Grayscale's going to launch our own ETF, so I think even the Grayscale's outflows are easing up.
There's not a lot of buying in the ETFs this week, which I don't know why, but yeah.
So, the weird thing was, like, I don't think people know exactly what these inflows and outflows actually mean, right?
Because it's not just people trading the shares, right?
It's, like, creating new shares.
So, like, institutions come in, and they're, like, it's, like, something that happens in the background.
It's not just, like, people buying and selling the trades that are already existing.
It's when new ETF shares are created by money or people working with BlackRock directly, or these ETFs directly, right?
Yeah, and then we have the Hong Kong ETFs going live on the 30th.
Just going through some of the...
And the ETF got delayed, right?
Yep, yep, yep.
And then you have Elizabeth, oh, not Elizabeth Warren, Maxine Waters talking about a stable bills incoming.
And her, basically, her theory or her use case is, like, we need to make sure that these stable coins and these companies are backing these stable coins one-to-one.
I'm like, okay, so you guys are concerned about the companies backing, and you're making sure these are on reserve, but the dollar is fractionalized reserved, and your banks basically are, with fractionalized reserve, don't even have to own the dollars that are backing the digits on our bank account.
So, like, it's totally, like, upside-down world, double standards.
They want to basically make sure all these stable coins are backed one-to-one by, you know, collateral, and they don't use that same standard for their friends, the banking cronies.
So, it's just kind of funny to kind of sit here, bitch and complain about something that the U.S. government has been doing forever.
And then Morgan Stanley is reported looking to allow its 15,000-strong broker army to recommend spot BTC ETFs to customers in a move that could reunite interest in the fund.
So, Q1's over, and now you're starting to see these brokers go out and go to, like, these companies and start mentioning these ETFs as, like, for your IRA or your pension plan.
So, we might start seeing those inflows come in now that we have Morgan Stanley going to all these boomers and saying, hey, you should buy some Bitcoin, look at the price.
So, yeah, we're starting to – I think that this is a temporary downturn, but I think that, you know, now with Asia coming in and these Morgan Stanley and these other people,
I think we'll probably see some inflows come back in the next week or two, from my opinion.
But, yeah, everything's kind of easing up on ETFs recently.
I don't know why.
But I also have a chart here kind of showing you a chart of the daily outflows of GBDC are diminishing, which helps relieve a lot of the down pressure on Bitcoin.
Other ETF inflows have also slowed down a bit, but we're starting to see new inflows daily.
So, yeah, Grayscale has been basically dumping all their stuff, and then they're basically coming out with their own ETF, and it's one of the lowest rates, too.
So, I think that's been a lot of down pressure is Grayscale selling, and then now they're easing up, and then they're going to launch their own ETF with, like, some of the lowest rates on the market.
So, we'll see how that turns out.
Let's go to Miyagi, and then I'll go back to some other shit.
So, let's go.
So, what I was going to say was we have this Merlin chain.
I'm sure we've talked about it this week, but I definitely want to highlight because there have been some new updates.
Merlin chain, for those who don't know, is, like, it was a staking platform that people are allowed to lock up BRC20s, ordinals, and Bitcoin included for, you know, an extended period of time.
I believe it was, like, 60, 90, 120 days, and the unlocking process has begun.
So, I'll go ahead and, like, post up one of their tweets recently.
So, they're doing it in kind of batches where they had the BTC being able to be unlocked.
Then they're doing the BRC20s, and then they will have the ordinals.
The reason why I'm highlighting this is because I have the receipts here with the total number of assets that have been locked up.
So, some big ones to note is there is 1,101 node monkeys that are locked up.
There is 7,476 rune stones.
There is 395 puppets, 1,506 Bitcoin frogs.
The other numbers aren't so significant.
And then goosinals, we have 4,000 goosinals locked up.
So, the reason why I'm highlighting this is, you know, supply, demand, basic Ponzi, stonkenometry.
I can expect these projects, and I'm going to comment the photo and the screenshot under the space.
But, essentially, we're, you know, just, you know, normal Ponzinomics, you expect that these might have a pullback,
especially the ones like node monkeys or rune stones where they have thousands locked up.
And have you mind, people locked these up months ago.
So, a lot of these people are in profit.
They've gotten airdrops, et cetera, et cetera.
So, I think, like, this week, you know, we're saying buy the blood, buy the blood.
I think if you're looking into these specific projects, you could be a little bit more patient.
Wait till you see, you know, the unlocking actually occur.
Wait till people get them and start flooring them.
Because, you know, the treasury and node monkeys, they hold 10% of the supply.
We have another 10% that's been locked up for three months, and we've seen this crazy price action.
I think, you know, they might even hit .3, maybe a little less than that, if it's a crazy dump.
And I think that would be a pretty good opportunity to buy the blood there.
So, yeah, that's just kind of my...
I feel like that's already priced in.
Yeah, and again, if it's priced in, then if you buy when it unlocks, then guess what?
You got it at the same price than if you did regardless.
But just, you know, 1,100 is not a, you know, a small number.
So, that's why I'm like, uh, it might be able to come.
And also, if people floor rares, it could be an opportunity for you to snipe a rare at floor price.
Yo, I got something I'm buying right now.
You guys want the offer or not?
Yes!
I guess I'm just kidding about off-chain shit.
Yo, Blob.
That's, dude, I saw who won this shit, and they're making a run, so...
Bro, you're not supposed to say something, bro, like, on public spaces and shit, dude.
No, he pinned it up to the top already a couple back.
I pinned it, and apparently Nuro, and apparently it was, like, a pool.
And, yeah, shit, I'm excited.
Blob is...
Nuro, they're one of, like, the craziest builders on Ornals.
They've always, like, been doing creative stuff with what they're making.
And they literally are proposing, like, a...
I don't know if they're going to use it for this specific run, but they're proposing, like, an endpoint for ruins.
And they're going to tie into, like, art.
Like, yo, these guys are fucked.
Like, they're...
What they're doing now, I think it's going to be something that's important in, like, 20, 30 years from now.
Because they're actually, like, doing new things every single time they put out artwork.
Every single time they put out a new project, they're doing something that's innovative.
So, I just saw who won.
They did a pool and a big OMV holder.
And another, like, block, like, people.
I think, yeah.
I think this is going to be...
Right now, it's getting swept.
Blobs are getting swept.
Like, so, I just...
I just think, yes.
Do you know about this English?
Of course I know about this.
So, we were just speculating.
You just were sitting there, sitting on your hands laughing at us all the time.
He literally told me, make sure you don't tell anybody.
So, I'm supposed to go on a Spaces with, like, 300 people and be like, yo, I got this, bro.
Like, what do you want me to tell you, bro?
No, no.
I didn't expect you to do it.
I was just funny that we were talking about it.
And you're on stage.
I was wondering what you were just thinking inside your brain while we were talking about it.
That's why we have a list here.
That's why we have a list here so he can say it.
So, Blobs are getting swept right now.
Where are Blobs at right now?
Bito just posted about it, bro.
That was fair game, bro.
Bito posted about it.
I think it's honestly, like, going to be kind of crazy to see, like, what the, you know,
we're talking about, like, what happens with the promenades and ruins.
Like, someone's going to make it, you know, we know what's going to happen with this one.
Someone's going to make a ruin with this.
You know, shit, it's going to be crazy.
So, yeah, I'm excited to see what the fuck is going to happen with that.
Maybe some people are not even going to care.
Maybe this shit goes to zero.
But if they choose a cool thing, just tell them not to make it blob, blob, blob is blob.
And then it should be good.
I don't know, dude.
They can do it.
Yeah, pass along Double Apes recommendations.
So, yeah.
So, I got this from Data Monkey.
And this is from the Merlin thing.
And it breaks down everything you need to know if you think it's priced in or not.
So, $502 of the $1,100 were acquired at or below mint price at $0.03.
Median acquisition cost is $0.064.
Average acquisition cost is $0.11.
At $0.033, 95% of the stakers are in profit.
So, we're at the current price.
I don't know if you would sell.
But they also have the puppets on here.
They have Node Monkey.
They have everything.
All the data from all the – like, everywhere that's staked and where their average cost is.
So, if you guys want to break it down, you don't think it's priced in, you can do the math yourself.
But Data Monkey did a good job breaking this down.
So, I'm going to throw it up there.
Let's go to Gambler and then Double.
Go, Gambler.
What's up, X?
TDA State Poor.
I got a couple updates to share from the Solana side.
So, yesterday I jumped up and shared about Fluffy's, which was a pre-sale that was happening.
They did actually meet their cap.
And it looks like it could be something.
They also airdropped the NFTs, which are part of, again, it's a hybrid NFT pre-sale that they did.
So, they met their cap.
They airdropped all of the NFTs.
And, again, this is being ran by RAL, who some of us met in New York at PubKey.
And they also have a partnership with Sniper, which is another platform over on Sol.
So, getting some attention.
I want to pin this up.
So, check your wallets if you were expecting an airdrop.
Also, these things are different rarities.
So, when the token does go live, apparently you'll be able to get higher token allocation for higher rarity.
So, something to note.
Just wanted to update on that.
Other thing is Pooks.
So, Pooks is a project that I've mentioned here and there on this stage.
I think it's a solid project.
It was originally dropped by TDA a month ago.
It meant it for, like, 0.2 Sol.
And Sol was under 100 bucks.
They keep building.
They airdropped the Howdy Hats, two holders, which ran up to, like, a top of, like, 11 Sol.
And now they've announced that they have secured allocation, or, excuse me, pre-sale spots.
Or, excuse me, they've secured the ability for Pooks to participate in this Backwoods Sol pre-sale.
So, it says we got access to Backwoods pre-sale.
So, I just pinned that up.
This is the first I'm hearing of Backwoods Sol.
So, I'm looking into it.
But it looks like they're getting some, like, serious engagement.
Everybody's playing that game, apparently.
I've heard Frisk talk about he's been playing Backwoods for the past two weeks.
It's apparently some kind of game.
People are having fun playing it, apparently.
That's all that matters.
Well, that's bullish.
Because I didn't know that.
I clicked into their page, and it looks like they're in solid engagement.
Got some bullish follows, and they're doing some interesting stuff, from what I see.
But it looks like Pooks are going to get access to this pre-sale.
Also, reminder, Pooks have access to the Mintify airdrop that's coming up as well.
Not only that, they secured Aloe for the collection.
But they also are actually investors.
I believe that's the appropriate term.
But they did actually invest money into Mintify.
So, Pooks are going to be benefiting from that in the allocation as well.
So, yeah.
Just wanted to call those two things out as we see some volume rotating back to Solana.
Appreciate that, Gamblers.
Thanks for bringing it up.
Yeah, Backwoods.
Hearing a lot about it.
Haven't played the game.
But people that played it say that's all they've been doing for the past two weeks.
So, that's bullish that they're going to get a token airdropped of that.
So, let's go to Double.
Go ahead, Double.
Yeah.
Since we're talking about, like, the OG digital asset chain, I wanted to bring up Ethereum.
I know people are going to start seeing this image on their timeline.
But another alien punk sells for, what, $12 million?
So, put that in perspective.
The Epic sat, the most rare sat on Ordinal, sold for $2 million.
We have another alien punk selling for $12 million, $4,000 ETH.
All right, so, when you're talking about OG, on-chain, digital assets, crypto punks are still reigning supreme.
And we're seeing money flow back into ETH NFTs.
It just makes sense to bring that up really quick.
I actually agree with Double.
So, like, Isabel asked me, like, we were chatting in MySpaces.
And, like, I gave my price prediction.
I said $6 million.
But I said not right off the bat.
I said, like, I thought the person who held it, who mined it or grabbed it or whatever, would hold on and wait for peak bull.
I don't know who, what, like, I don't even know it's confirmed that, like, that the blob team has it.
Like, I know that they were going for it.
And I know Bless said it.
And I guess it doesn't really matter now because it's already secured.
I do think bull market, like, where, like, you have, you know, BTC at whatever it is, $150, $200, $250, who knows.
If they were to sell it, like, there's this weird things, like, of, like, psychological price points that people just have.
And, like, alien punks are kind of on the higher end of that.
There's a lot of, like, really rare or really desired ETH NFTs that sit around, like, the $5, $6 million mark.
And they all go for, like, around that price for some weird reason.
And so that's how I priced it, like, at its peak value.
So I wouldn't be surprised that somebody could flip it for, like, a 2 to 3x peak bull market.
So I'm aligned with Double on this one.
Is that the first time you guys actually agreed on anything?
Not the first time.
Not the first time.
It's probably not the first time.
But it goes, like, a few months in between.
So, like, yeah, it was a nice, like, circle, like, around moment to come back to it after, like, you know, not having visited that specific kind of coincidence in a few months.
Do you know when the Cyberkongs are going to airdrop their token, since you know everything?
I've been told general ideas.
But, like, again, I can't really speak to that.
All right.
I'll just make sure that I was going to say, oh, you know.
Wait, well, can I just get some clarity on the consensus of what you guys agree on?
Is it that ordinals are undervalued?
Obviously, I think the whole ecosystem is.
The whole ecosystem is, bro.
Yeah.
We agree on, like, the provenance part, like, of ordinals.
I say it as a different thing.
Like, and I just think it's semantics.
I think he just words it different.
Like, it's just one layer of collectability.
Like, when people were talking about, like, oh, I don't understand the provenance things because, like, puppets, like, you know, flip them.
Like, puppets could still be 3x the amount of node monkeys and the provenance still, like, counts.
Like, it counts for node monkeys and it doesn't count for pups.
Like, there's different ways to, like, value something and, obviously, like, attention and, like, just desirability.
Like, at the end of the day, it's really just supply and demand.
Is there more demand than there is supply?
Like, that's literally it.
Then you have to think of, like, the reasons why people have a demand for it.
And in collectibles, provenance always plays, like, some kind of factor.
And it's just the narrative how you get to that provenance.
With ordinals, it's specifically low inscriptions for, you know, maybe Ethereum.
It has to do with, like, the first of, like, a generative collection or, like, part of Artblock's history.
That's provenance.
Like, provenance is not always collectability, like, in terms of, like, chronological order.
It just happens that ordinals, that is part of the provenance narrative.
So, I just, we do agree on it.
We just kind of have different ways about that we agree to it.
So, for Node Monkeys, it's very important that they're considered, at least in the conversation or in the front running of the first 10K.
For Puppets, it literally matters nothing.
If, for instance, Node Monkeys was issued after Frogs, but actually had a higher inscription number than Frogs, there's no way Node Monkeys would be valued the way they are.
I think it has much better art and has a better community and sense of, like, people that have bought in and all that other stuff.
But maybe they would be, like, equivalent value because one would be, like, very aesthetic and, like, attractive in that sense.
But the other one would just be a lower inscription number and more OGs.
So, where it matters, it matters.
And where it doesn't, it doesn't, dude.
Like, there's...
I think you might be discounting the cultural, like, the value of cultural impact.
No, there's many facets.
There's many, like, no, just because I didn't say it, like, doesn't mean, like, I don't think that there's other stuff to it.
Like, there's just many, many, many layers of why something's desirable.
And, like, just, it happens to be that Provenance is one of them, but it's not, like, the whole, like, only matters because of Provenance.
Like, there's nothing else that matters.
There's tons of collections that matter for different reasons.
Like, arguably, I think, like, Udi's specific wizard is probably one of the most valuable ordinals and probably will always be just because it was the first four mega.
It was, like, kind of the genesis of, like, Taproot Wizards.
And so, like, to me, that's something along with, like, the crypto dick butt.
Does that mean that everything around 600 is going to be as valuable as that?
No, like, literally not.
Like, there's going to be, you know, like, stuff that's 0.4 Bitcoin and other things.
But that one specifically has other Provenance.
It has Provenance of the first four mega.
It has the genesis of Taproot Wizards, Udi Rock, I don't know, whatever you want to call it.
So, there's just different ways that you can think about why something's special.
This Provenance thing, I mean, the Bitcoiners did a great job, or the Ordinal motherfuckers did a great job learning from ETH.
Like, I remember during the bear market, we had to rephrase the word NFT.
It's cringe.
And, you know, the Ordinal motherfuckers created digital artifacts.
And then now we have this Provenance thing.
And then we got, like, Stop Trading Bozo Collect.
So, like, it has, like, they have this groove and these walls set up to keep bag holders bag holding, motherfuckers.
And then now we got runes.
Then now we're going to have these staking Ponzi's.
Yeah, Ordinal's is going to go fucking ballistic.
But people are going to get fucking dumped on, bro.
You're going to get dumped on because your guys' thesis is just a hold.
And, like, we're going to go to a bear market and all this shit's going to get cut in half, just like NFTs on ETH.
It's just funny to, like, to see all this come together.
We were all talking about these solutions.
And the Ordinal motherfuckers came up with all the solutions, all the words to keep bag holders comfortable while the whales accumulate and dump on their heads.
So, I don't know.
I will tell you I will never stake any asset that I have on Bitcoin.
Like, literally, that will never happen, dude.
Like, I know, like, I wasn't attracted to it before Merlin.
Obviously, the Merlin thing, I don't think that went the greatest.
I haven't really.
Did the unlock happen?
Is that live?
I don't think so, yeah.
No, but from what I heard, there was just, like, a lot of, like, they had to figure out what to do with, like, the assets that were airdropped to people.
Like, and it's all in one wallet.
And, like, there's just, like, apparently, like, a host, like, a litany of just, like, customer service tickets and fun in the Discord.
And maybe it works out well.
I don't know.
But, like, there's nothing attractive to me about staking in general.
Like, I really believe that with, like, Ethereum, there's just, there's no, like, demand for the assets at the moment.
So, people are, like, using, like, the Ethereum blockchain as, like, Ponzi's to, like, get people interested to go to other ecosystems, whether that's Blast, whether whatever.
And so, like, triple staking your asset, whether that's, like, a specific asset or your Ethereum, and then switching it to a layer four.
Like, I don't know, bro.
Like, I like just collecting, bro.
Let me buy my shit that I think is undervalued, and I'll enjoy it for the time that I have it.
And then maybe one day I'll sell it, dude.
Like, that's as far as I want to get into, like, crypto assets and making money.
Yeah.
Well, I mean, Ethereum is, like, known for DeFi, too.
So, you kind of have to separate, like, collecting versus trying to get yield on your assets.
Yeah, I agree.
Essentially DeFi, right?
But Ethereum was also known for their NFTs and, like, the strength of their NFT culture.
So, like, you didn't have to participate in DeFi.
You could just participate in, like, buying an NFT, LARPing on the timeline as a monkey, and then having, like, 1,000x.
Right, because Ethereum is what I would consider a super chain, where it can do many different things.
It had different assets and different asset classes and categories.
So, you have collecting, DeFi, and what have you.
So, yeah, I just think it's a little bit different.
But I think ordinals are building towards that, right?
Once they have DeFi, then people are going to start trying to get yield on their assets in the same way, in my opinion.
Yeah, people can do whatever they want.
Yeah, people can do whatever they want.
I was just saying, me personally, it's not attractive to me.
But, like, you know, whatever.
What am I bitch about staking?
That's what I love to do the most.
I love staking my coins.
I'm in a bullish hodl position.
I'm not trying to sell until we're at euphoria mode.
So, I like to stake my tokens in, like, Celestia dimension, since I'm going to be holding anyways and get those airdrops.
I did a little bit of research yesterday on Celestia and the speculative airdrops.
If you have been, that's something that during this dip I've been buying a bunch of.
Because, you know, I think bear is coming out relatively soon.
And they, a bear chain uses the data availability layer of Celestia.
So, I was thinking, like, dude, if I want bear chain, I haven't performed any of these tasks.
I need to amp up my fucking Celestia staking because I think it's going to be competitive.
So, I can get that bear chain.
But, here are the ones that I think are, you're going to, you're going to get airdropped in the next six months.
We have Movement Labs.
We have Hyper Network.
We have Caldra, Light Link Chain, Monad, Eclipse Foundation, Polymer Labs, Bear Chain, and Fuel Network are the ones that I basically tracked, figured out, like, if they have any integration into the modular blockchain with Celestia.
And all these do.
So, that's what I've been buying a bunch of Celestia during this dip and staking it so I can get eligible for these airdrops.
I think these are going to be, Bear Chain is going to be an obvious winner.
I think Fuel Network is an obvious winner.
Monad is an obvious winner.
These other ones, I'm not so sure.
But, yeah, just, you know, if you are, you know, staking Celestia, you can look forward to at least Bear Chain.
And hopefully, over 100 staked Celestia will get you that airdrop.
But we'll see.
We'll see.
Shekinah, you came up here.
Do you have something you wanted to add?
You can go back in time if you wanted to bring something up.
So, go ahead.
Yeah, no, I just want to talk about just some of the legal stuff that's just been happening.
I'm sure you guys heard about the Samurai Wallet, that arrest.
So, the arrest of the founders who are both, yeah, U.S. citizens.
One's being extradited from Portugal.
And, yeah, I was reading, I was kind of just reading them through the indictment and the press release from the DOJ.
And, I mean, man, like, yeah, like, their own tweets, like, literally, because they're both active on Twitter, you know, kind of just, yeah, like, it gets them in trouble, you know, as well.
You know, so they're basically charged with operating, what is it, operating an unlicensed money transmitter business, just conspiracy to commit that.
And, yeah, just when you look at what they posted on socials, which would be Twitter, and even in the indictment, like, it just, they copy-paste and, you know, kind of screenshot some of the tweets that these guys put out.
It'll be interesting to see what happens in the case.
But, yeah, I thought it was really interesting.
And then I was reading something about, I don't know why, but I was reading throughout, finished reading it.
But, like, so Angola is in Africa, and the Chinese embassy, for some reason, told, yeah, their citizens to, like, avoid crypto mining.
So, I just thought that was really interesting.
And then, obviously, with Brazil, Brazil just passed some legislation that kind of just bans, you can't pay your gambling, you know, debt or any gambling payments with cryptocurrency.
So, that's something that Brazil just put into law.
So, yeah, that's about it.
Yeah, I saw gold price also in China.
It's going ballistic.
And I think the reason why that is is because, sorry, I'm going to get these guys back.
I think property is going down in China.
And I think, from my understanding, the Chinese citizens value property more than money.
And all their property is all, like, dropping in price, like an 08 mortgage crisis in China is going on right now.
And all those motherfuckers in China are aping into gold right now.
And it's just interesting to kind of see what's going on macro.
I mean, obviously, it's not great all around the world.
But Bitcoin fixes all this stuff.
And I'm just sick of us being correlated to this stupid-ass Ponzi scene called the money markets that we're attached to, bro.
Like, the reason why we invented all this Bitcoin, this cryptocurrency, is to get out of this stuff.
And then to see us correlated because inflation's up, like, a few percent.
Like, the answer is Bitcoin.
Why are we selling our Bitcoin?
Because the policies and the money isn't working out.
And inflation's going up.
Of course, that's what's going to happen.
And this is why we're in Bitcoin.
So I just don't understand why we continue to respect these numbers and to sell our Bitcoin into these numbers.
They're going to go up.
The system's going to blow up.
And you're going to sell your Bitcoin, which is your way out of the system?
It just doesn't make sense to me, man.
It really doesn't.
Oh, okay, yeah.
So I looked at why.
It's because Angola.
So Angola, again, African country.
That was what formerly colonized by the Portuguese.
So they may speak a lot of Portuguese.
And also, I don't know what African language.
But, yeah.
So Angola passed an anti-crypto mining law.
And if you violate it, you go to prison.
So that's why the Chinese embassy, you know, is kind of warning their residents not to do that.
But Angola has a very long history of having, obviously, I don't want to say obviously, but corrupt rulers.
And there's a lot of issues with, like, banking in that country.
So I feel like it's related to something like that.
And the other thing is the Blockchain Association, which is a – I'm going to call them a crypto lobby group.
They probably call themselves a trade association, but they're based out of D.C.
They've joined with one of the other crypto lobby groups out in Texas to initiate a lawsuit against the SEC.
And I believe they are the third – it might be the third kind of offensive going on the attack against the SEC.
It might be the third lawsuit that the SEC is getting.
And they're all in Texas, and they're questioning the SEC's authority, the, you know, kind of their gross – their misuse of their authority.
And, yeah, how they believe that they're exceeding, you know, the law – exceeding the law.
So I think that's interesting to see that as a tactic, but it's all going down in Texas.
And so I think that's really interesting to see why in Texas and what the outcome of those cases will be.
Yeah, it's going to be interesting.
Why Texas?
I don't know why Texas.
Probably – maybe the judges are a bit more, you know, believe in, like, smaller government or something.
I don't know why Texas.
I mean –
Maybe that's –
Well, I mean, there's a lot of Bitcoin mining going on in Texas.
So it's –
It's true.
It's very well for that.
I mean, I don't care for Ted Cruz.
I don't think he knows anything about Bitcoin.
But, you know, a lot of the Republicans, including those in Texas, do talk positive about it.
So I think there is some political favor there, possibly judicial favor as well.
But it'll be interesting to see how those cases pan out because there are three different ones.
So we'll see.
I saw somebody – I forget it was – maybe it was at Bitcoin Archive had a lady.
She was on a run.
She worked for, like, CNBC.
And she was running and talking about how the electrical grids in Texas, they aren't all owned by, like, companies.
They're actually owned by, like, the citizens or something like that.
And she's actually saying Bitcoin mining is actually good for it because, you know, when lights turn off, there's no way to, like, optimize it.
And when Bitcoin miners are running it, it keeps electricity running in those, like, decentralized grids and stuff.
So, like, even, like, the people that are mainstream media that are doing these interviews of these miners are actually coming around to, like –
Everybody says miners are creating, you know, global warming, and it's bad for the environment.
They're actually – people are starting to do their research and realize that it's actually good for certain areas to have these miners in their grids and stuff, too.
So that's interesting.
But, yeah, I think people are eventually going to come around to Bitcoin is the answer.
And it's the way that we opt out of the current system.
And we need to stop selling it and giving it to whales.
Let's go to Stephen.
What's up, Stephen?
So I just wanted to drop another piece to you.
If you're one of one art collector, it's time for your ears to perk up.
But DK Motion just dropped a tease that something is coming up on April 29th at 10 a.m. Eastern.
It's a new one of one that he's got cooking.
And it looks like it's a lot to do with, like, the passage of time.
So I'm all about the theme.
I've always loved it when he does stuff like this.
So if you're in the market for one of one art and you dig DK's work, this is one to contend for.
So I'll pin the details to the top on it.
But, yeah, this just came out.
What chain do you think it's going to be on?
Do you think it's going to be on base?
I would be really surprised if they're not just doing it on ETH.
It seems like no one's dropping anything on ETH anymore.
Like, if they're going to drop it on ETH, it's on Blast, it's on base, it's on some other network.
It's not just main net ETH anymore.
It's weird.
I mean, look, the way people are talking about open editions these days, like, it's a very mixed view.
There's a lot of people talking about it positively.
There's a lot of people talking about it negatively.
But every single fucking thing that I see on L2 is all just, like, artists that are wanting to experiment with open editions.
And that's fine.
They should.
They should want to experiment.
But high-value artworks are still coming out on Ethereum.
Like, I cover them every single week.
And high-value artwork is continuing to debut over on Bitcoin.
One of ones are definitely going to have their day there.
I would be really fascinated if all of a sudden DK announced that this was going to be auctioned over on Bitcoin.
That would be the one thing that would really perk my ears up.
But even if it is just debuting on L1 ETH, I really do think that, like, it's going to do well one way or the other.
So just my two cents.
I mean, he does, like, motion or, like, GIFs and stuff.
I mean, he would have to probably do recursion or some other way to do it.
I don't think he could drop a file size that big and do it.
So I think he would probably have to hire some devs to, like, help him out with it.
So I don't think it would be on Bitcoin because I don't think he's that savvy to know who to help him with that personally.
Yeah, but, I mean, with all due respect to, like, the take, because you're right.
I would say, like, 9 out of 10 cases, you're right.
But you've had people like Ryan Copemans who came over and has done two one-on-one auctions over there
and has found, you know, a very easy, streamlined way to get to the Inscribing Atlantis team.
So, I mean, like, it just depends on how you choose to look at it.
Like, when I look at the fine art community, like, the really high, high-end over on ETH, they talk.
Like, they're very well-interconnected and networked.
So if Ryan is among, like, those individuals and is able to kind of get the message across,
okay, here are the, like, top two or three teams in terms of, like, that can help with optimizing inscription, you know, maybe.
But the day will come inevitably when a DK or, like, other similar tier artists over on ETH do make the jump over to Bitcoin.
It's just a matter of time.
So I'm watching it closely, but I would love for this piece to be on Bitcoin, but I've got a feeling it's going to be on ETH.
Yeah, I think you're right.
We've got about eight minutes left, so I'll just go through some stuff that I found.
You know how I've been saying that I think AI and RWAs are this cycle's gaming from last cycle.
And I basically used the example of, you know, when Facebook turned to meta and then, like, oh, they're getting into metaverse.
And then all the crypto Web3 companies like Sandbox and Decentraland all had a comparison to basically compare their market cap to Facebook.
And I think that's now with AI.
Now that we have NVIDIA top three, you know, now everybody's comparing their stocks to NVIDIA.
And this is just another example of how frothy this AI is, this six-month-old AI coding startup valued for $2 billion by Founders Fund.
This is basically vaporware, similar to how Metaverse was last cycle, and the valuations are crazy.
These are going just as crazy.
And this has no use case.
It has nothing online.
It's already being valued at $2 billion.
So I think AI is going to get frothy just like gaming did back in 2021.
I think that's, you know, there's a lot of vaporware, a lot of speculation.
Everybody's comparing stuff to NVIDIA.
We have Bitcoin mining difficulty has hit an all-time high of $8.81 trillion.
Pretty bullish on that.
Apple cuts Vision Pro shipments by 50% now, reviewing and adjusting headset strategy.
Media reports suggest that Apple did not get the response it was anticipating with its product.
So it's kind of like a flash in the pan.
A lot of people were bullish on it, but not a lot of people are buying these apples, and it looks like they're cutting the shipment of it, which isn't bullish on that.
We have Eigenlayer-powered Alignlayer raises $20 million to make ZK proofs faster and cheaper on Ethereum.
We have Runes make up 68% of Bitcoin transactions since launch.
We had talked about that Manakee airdrop that was dropped to Saga 2 holders.
That jumped like 30,000% since the launch.
I think it got up to like $150 from a free airdrop.
So I wish you would have sold.
I hope you sold.
So that's a little of the news.
I saw this also.
So, like, MFers continued to build on base.
I found this.
MFers Club Social GameFi is under development.
Play and burn more than just fun.
Burn MFer while play.
Follow us.
Drop your address.
So it looks like the MFers that are building on base are creating some social fi game where you burn MFer, which is probably bullish for the token.
I don't know if anybody knows that, but people are going to start burning MFer.
The price is going to, you know, supplies are going to get cut, and it could be good for the price.
So MFers continue to build on base.
Relaxio Solana.
So this is the derivative of the retardios.
They announced yesterday that all holders of Relaxio Solana will be able to claim their unicorn and memes airdrop shortly.
If the Relaxio community is among the highest claim rate participants, receive a significant multiplier.
So if you bought any of those, I think they got down to 0.2 sole yesterday.
This announcement came out, and it went all the way back up to 0.4 sole.
So I don't know if it's going to be a good airdrop or not, but people are talking about, you know, it's free money.
So if you hold a Relaxio, there you go.
And I have one last thing that I thought was an interesting quote and why we should continue to be bullish on this ecosystem and Bitcoin in general.
And this is from Michael Nadal.
He said the biggest difference between this cycle and last cycle is Wall Street has products to sell and real skin in the game, not just a small budget allocated to tinkering around in permissionless blockchain.
So the next logical question is, what does it mean for the stigma of crypto?
Two, if the stigma of crypto goes away, what does it mean for the public interest?
If public interest increases, what does it mean for favorable new regulation?
If favorable new regulation becomes more likely, what does it mean for climbing the wall of worry?
Starry did it to say the cycle was going to be smaller than last.
So people are, I mean, I guess this is a bull post.
I don't know, but you have Wall Street here.
They got interest.
They're going to be shilling these bags down people's throat.
We already saw Morgan Stanley is activating 15,000 people to start, you know, shilling these ETFs to their customers.
So I think we were just getting started.
The bull cycle just started last week.
And I think, you know, be patient and it'll get you for it pretty soon.
So appreciate everybody came out to the Daily Op.
I know this space wasn't up to par from last spaces from Stephen's perspective.
He's like, I can't wait till Chief gets back.
I'm sorry.
I tried to be my best.
I thought it was great.
I thought we had a great discussion today.
I'm like a guy on a unicycle balancing plates on my chin while hosting this space.
Give me a fucking break, Stephen.
Anyways, love you guys.
I'll be back tomorrow, Tuesday through Saturday, 945 to about 10 or about 12.
Yeah, we'll be back.
TD Air, stay poor.
Love you.
Talk to you tomorrow.
Peace.
Peace.
