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THE DAILY ALPHAโป๏ธ
Recorded: April 2, 2025 Duration: 1:46:12Space Recording
Full Transcription
Thank you. what's up what's up what's up welcome back to the daily alpha you guys know the deal we host
a space tuesday through saturday from 10 15 to 12 this week we're gonna go four days so you'll
have us till friday appreciate everything i pinned up up Allison's thread. Also Antonio's doing some clipping for us.
Clip yesterday's show.
If you guys want to give that a look and see,
pin up the topics for today.
Also,
I think that's already up there.
Chief's doing it.
Let me remove chief since I already did it.
Sorry,
bro.
I did it for you.
That's the topics from yesterday,
chief.
Okay. Now I got it all you. That's the topics from yesterday, Chief. Okay.
Now I got it all figured out.
Appreciate you guys.
Look at the plus button at the bottom.
So, Chief, if you want to pin that up, you guys can like and retweet that from the top.
I guess you can leave a comment on there, too.
I don't know what's the deal.
You usually get the pill, but we're getting the plus sign now.
So, I just wanted to shout you guys out.
Appreciate you guys doing all that.
And obviously we'll have a thread come out after the show and you guys can, you know, engage with that.
And that's everything to be covered on the show.
I got a tornado coming here in about 40 minutes.
So I'm going to stay close to my house and I'll let you know if shit starts going haywire.
So probably going to have a tornado siren going off here in about 30 minutes, from my understanding.
Happy Liberation Day.
It's Liberation Day.
It's April 2nd.
Who knows what's going to happen, right?
I do have a nice little update of everything that's going to happen today for Liberation Day, which at 9 a.m. Eastern, President Trump convenes with
Expert Trade Council to finalize transforming the Territ Initiative. At 11.30 a.m. Eastern,
Press Secretary Caroline Levitt previews the historic announcement. At 4 p.m. Eastern,
a Rose Garden address, which is probably where we're going to see volatility. President Trump
unveils bold reciprocal tariffs, restoring fairness to U.S. trade.
At 4.30 p.m. Eastern, the president engages with media following an official photo session.
At 6 p.m. Eastern, administration officials brief industry leaders on implementation, ensuring seamless execution.
And then at 8 a.m. or 8 p.m. Eastern, global markets respond as the impact of America's renewed strength takes hold.
So you would probably expect around 2 or 3 o'clock when he goes live that you'll probably maybe see some dumping.
Or maybe if he's a little lenient, I know that he's been saying it's going to be great for people.
These tariffs are going to be great.
If he's a little dovish, you can maybe see the hawkish.
Maybe dovish, the market might's a little dovish you can maybe see the hawkish uh maybe i may dovish might uh
the market might pump a little bit so i'm not just sure how it's gonna happen we're pumping
the 85k right now i don't know if it's like buy the rumor sell the news if it's already priced in
i'm not sure but uh today's gonna be interesting this whole week's gonna be interesting there's a
lot of stuff going on so stay tuned we'll see how it's going how you doing this morning chief
you doing all right buddy
yeah man i'm good this is uh the pumping is kind of mexico said that they're not going to go tariff for tariff and stuff like that so that's ultimately uh gonna move the markets as well
right how people are either reciprocating or not so that's going to be kind of another factor that
we can't really control or even account for right is how these other countries are going to be kind of another factor that we can't really control or even account for, right, is how these other countries are going to react.
I mean, China this morning stopped 100% overseas investment into any American companies.
And so you're starting to get a little just a back and forth, right, of the war kind of started in terms of tariffs and trades.
So we'll see how that plays
out and are you like outside you don't you don't sit at the house no more and like while you're on
the show still well you remember we're getting issues with like the wi-fi and shit so i'm
thinking that like just going outside and using my data and walking around is basically making
the show better um so i could sit in here with the wi-fi it just seems like my wi-fi isn't as
strong or i have too much stuff connected with it. And we're having issues like the first
two weeks that I just started walking around and made like a routine out of it. And today I'm just
going to stay close to home just because it's about the rain and there's going to be a tornado.
So that was just a little like a little change in my routine of, you know, from staying at home to
like walking around and getting some exercise.
So, um, you do have some just macro stuff, obviously, you know, there's not a lot of
going on the market, you know, alpha wise, there are new projects, but hype is pretty
much died down around the space.
And that's what happens when you get, um, we kind of go in this kind of macro bull is
like, everything kind of goes back to fair value and there's really not a lot of hype
surrounding stuff.
So this is where doing research and finding conviction will pay off because you can probably
buy some stuff that's not hyped right now and once attention comes back to those things they'll
probably you know you got a better entry than when hype was surrounding it but just some macro stuff
that's going around you know just showing that you know we are in a difficult situation. Recession is, I think it's from Kali says,
chances of a U.S. recession this year have risen to 44%.
So people are starting to talk about that.
And then auto repossession has jumped 16% in 2024
to 1.73 million, the highest since 2009.
Over the last three years,
vehicle seizures have surged by 600,000. That's 53%. So
just kind of showing you like recession. And then we see what last week, the mortgage
delinquencies where we had 6.1 million, I think people or just total mortgages that were late.
And then I think percentage wise is the highest we've been since um i think 2008 since
like the actual housing collapse right the last one um so that's also not looking good i mean we
already had the housing issue now if you're having cars at least if you got your car you know house
taken you can sleep in your car now you don't have your house or your car so now it's the the short
squeeze on uh basically things need to change, right?
Yeah, there needs to be a big change because this isn't just going to happen with a stimulus check sent to people.
Like this is beyond fucked and people are probably going to be in debt for years to come.
So there has to be a macro strategy and I think that's kind of what the tariffs are going to do.
I think that's kind of what the tariffs are going to do.
Like the tariffs are going to bring people to start building stuff here and try to grow
America to be, you know, we're sustainable and don't have to do this stuff in third worlds
or other countries to do it.
And that's the thing too, though.
It's like, those things are true, but you're building things here and it's like factories
don't get built overnight.
Cars don't just start being produced overnight, right?
They start like, you know, striking deals and saying, hey, this is our intention. Go find some land, right? Go find
the robots, go find the parts. So this is all a kind of a slow rollout, right? It gets you at
least that initial, oh, look, we're going to come. And I think we saw a couple of headlines like
that today, right? I think it was Porsche and a few other car manufacturers are doubling down and coming to the United States.
We saw Trump sell out all those, what was it, the green cards?
The million dollar, $10 million.
Five million.
Five million.
There he goes.
Those all sold out as soon as they went live.
So there's interest to come and develop here with this idea that, oh, I have the blessing of the United States
government right as long as I pay they'll let me in and come and do
whatever so you're starting to see a little bit happen but also it's just be
realistic right all this stuff is gonna take a little bit of time to roll out
and to actually really affect us right even from job availability and stuff
like that that'll happen but you still need to build factories,
you still need to get imports and stuff. So yeah, there's definitely going to be some government
incentives. And I think that's what the tariffs are here to do is for us to kind of force the
market to go down so we can refinance our debt at a lower rates. And then we have more money to give
out for incentives for people to build in America. So I do think this is all part of the plan,
for incentives for people to build in America.
So I do think this is all part of the plan.
You need to bring it down, break it down,
refinance the debt,
and then now you have more government spending
to give out for companies that want to actually build here.
And that's how we build from the ground up again.
So I think it's all part of the plan.
I don't think that these tariffs are gonna be something
that are enforced for like the next year.
I think this might be like, art of the deal
where these are kind of forced on top of people for months at a time. And then once
we get enough traction and enough people think that we're, you know, in business and we're here
to stay and we're not going to like capitulate, I think that maybe they start, you know, slower,
raising, lowering the tariffs. And then you'll start seeing some government, government,
like government programs for people to start building businesses in America and helping them out. So this is all part of it right and uh there's gonna be some short-term pain for this
but this is overdue like america is going bankrupt and there has to be some some pretty drastic
changes for us to kind of get people out of debt and get people from renting to buying and like
and seeing the future right so yeah did you um it's not great so just a couple a little bit of macro notes too i
mean we saw uh blackrock being approved by uk regulators to go and operate uh crypto asset
firms but i think that the interesting part about that is that yesterday the european union
actually pushed for regulation in trading times i don't know if you saw that right but
what a coincidence that right afterwards blackrock kind of applies in the same region
For that so give me one second. I'm finding I already pinned the blackrock one up
But this happened yesterday and we're gonna cover it
but yeah, they moved to trading only being legal if done between nine to five or
Whatever it may be like the set time limit and then anything else is no longer
like you'd be basically trading outside of the law which is interesting right because it's like
how are you going to try to come and impose regular standards on crypto or on an industry
that doesn't move that way right it's 24 7 for a reason yeah that is interesting i saw the etp thing
so is that going to be for like like retirement and
stuff yeah to where pensions and all that kind of stuff yeah i mean that's what we're all expecting
right black rock isn't just the u.s freaking u.s black you know black market here they're all over
the world dude so we'll definitely see that um i really didn't know much about it so i didn't want
to i didn't know how to articulate it.
But definitely bullish, right?
And just one last thing on Bessent, which is the guy that's kind of running these tariffs.
He says that lawmakers today that tomorrow's tariffs are a cap, that the amounts announced tomorrow are the highest the tariffs will go.
And countries could then take steps to bring the tariffs down.
And countries could then take steps to bring the tariffs down.
So this is starting, you know, the deal, like how he does it, the art of the deal,
start at the, you know, at the top.
And it's not going to go any higher.
And then you kind of work your way down in negotiation to where they're actually going
to end up.
So these tariffs at 25% are the highest they're going to be.
You're not going to see them go up to 30% or 40%.
They're going to work their way up.
They're just going to work their ways down. And the more they work the
way down and the more negotiations there, I feel like the market is going to, you know, take that
and, and, and run with that. And the market's so forward facing, just a little dovishness from
this and a little, a little bit of cooperation from other countries will probably send the
market up in my opinion. um your state Ted Cruz perfect
I mean we've been talking about I think they've been doing this people have been doing this already
but uh Ted Cruz basically does the flare act incentivize entrepreneurs and crypto miners to
utilize natural gas otherwise would be stranded so uh you guys you know what fracking is and like there's these
flares of natural gas that come up uh once they kind of i think they throw dynamite or some kind
of explosive down and it just like reinvigorates the well and then they have these like natural
gas that flow out and basically ted cruz wants to use this natural gas that's useful and free to
mine bitcoin and he's uh basically just announced some legislation to do it.
So you see Mara and all these other people doing it, right?
Yeah, that's the move.
I mean, we've been talking about that for a while.
Just real quick, I guess I'm supposed to have a big-ass storm too
because it just started going crazy outside.
So we'll save it on data if we have to because the phone's got data.
So just bear with us if anything happens.
Anyway, that's the that's
the route that everybody's going right ever since el salvador started with the um volcanic mining
uh out there you have argentina now as well tapping into iguasal falls and all that kind of
stuff so natural resources and solar um are going to be in a sense the progression towards mining
because you cut the cost of the
actual, quote unquote, how much it costs to mine a Bitcoin, the floor that gets set based off of
difficulty, etc. You cut that down if you're now having and you're not paying the same amount or
if pennies on the dollar for the energy itself, right? Ideally, we're trading energy and different
forms of energy. And so with that being said, the baseline price
for Bitcoin, which people always talk about, is how difficult it is to actually mine that,
right, based on the cost of electricity, everything that comes into play with that.
And the interesting part, dude, due to these blocks being so fucking empty,
I mean, for one, if you're out there, you got some art, you want to do some cool shit, go and scribe.
I don't think there's any time cheaper to just preserve some work on Bitcoin and have some fun.
But, dude, a lot of solo miners are hitting.
I don't know if you've seen that recently.
I think we've seen three or four bid axes in the last month hit these blocks, right?
Because block difficulty and the hash rate isn't as high
anymore. And so now these guys actually have a chance to compete and actually have a chance to
squeeze out. So they are lotto miners. You don't get anything right for just having them running.
But if you happen to win the lotto, you win the lotto. So I know a bunch of people that are
starting to have just a one or two bid axes here and there set up just for that purpose of if the mem pulls down if it's a little
slow this is the best odds you'll get running those are in situations like this yeah i just
pinned up a chart a guy talked about 13 hours ago the bitcoin network activity is in a bear market
so i know hash rates up but network i guess network activity would be
just little blocks and how big block sizes oh yeah dude yesterday the smallest block was mine
that we've seen i think in like 10 years um let me see if i can post that information up there i
think there's a total of like 100 transactions or something it was it was minuscule and so that's
the issue right that was the idea of promoting the use of Bitcoin
itself because the underlying security comes from these miners wanting to stay up and validating
the blocks. Well, if there's nothing to fill these blocks with, right, whether it be transactions
or anything, ideally, a lot of this stuff is being one done through ETFs, which is OTC and
over the counter. And then these big buys like Michael
Saylor's not moving the Bitcoin chart. There's a reason for that. He's not open buying, you know,
400 billion or a billion dollars off of, like I said, the free market. Right. So all this stuff.
Yeah, there's someone processing these transactions to a certain extent, but it's not the same way as
if it was filled up 10 blocks right at maxbytes and all the miners ate in that sense.
So that's being the biggest issue.
You think that miners would want ordinals and runes and stuff to be on the floor?
Well, now they do, bro.
I guarantee you if a bunch of fucking ordinals started popping off, these miners would be,
yo, please stick around and please inscribe some more bullshit.
Because at this point, I mean, the amount of money that they're making has been, in a sense, significantly cut down, right?
Just due to the fact that now you're even having lotto miners and these single miners have the ability to catch bids when if difficulty was at high, right, we'd be good.
They wouldn't even have a, I mean, it would be even a small in a blue moon chance that these lotto miners could win so that's another thing it's like we want the activity that was the whole reason
for using Bitcoin itself because what two three years ago they first saw that this was going to
happen right we had the boom of ordinals obviously that didn't sustain enough but it was all to avoid
a period like this right a? A prolonged period of this.
Because then you start disincentive.
People are disincentivized to keep running.
It becomes more expensive to keep mining than it does to shut down your rigs.
And then at that point, you're just like, well, I mean, fuck it.
What am I doing here?
You know?
So that's the biggest issue that we were supposed to run into and that they were trying to prevent.
That's why Ordinals was kind of born and the under underlying thesis behind it right
and then now you can add on opcat to potentially uh continue building on that right and the use
cases and just add more builders and devs that want to utilize bitcoin because if you're utilizing
bitcoin on l1 these miners are getting paid if we're utilizing Bitcoin on L1, these miners are getting paid.
If we're utilizing Bitcoin in the way that TradFi and it's becoming more so TradFi,
which is just OTC and ETFs, then miners aren't getting paid. And then they're disincentivized to be here. And then now we actually have a problem. So this is kind of what we were trying
to solve. Hopefully we can get like little burst of incentive and fun again, or maybe even align
with miners to a certain extent.
But ultimately, like years ago or two years ago, when they all talked about this and hopefully
the whales would come in and people would get involved, was that, you know, they would
see this problem and stuff like this and moments of lull and realize that it's better to have
something than to have nothing. You know? Go ahead, Donnie. Something I think is really funny is that we
started building the Lightning Network. The last two upgrades that Bitcoin got, the 2021 Taproot
and 2017 Segwit, or was it 2017? Yeah, 2017 Segwit, were both scaling solutions that we didn't need. So we've never been
encouraging layer one Bitcoin activity. You still can't buy Bitcoin on layer one. I mean,
you can now with like ordinals or something. That's kind of the only way to do it. In order
to get Bitcoin, if you're not mining it, which is commercial only at this point, you have to buy it
from a centralized exchange. So I think this problem will never be solved
until we allow people to do the things
that they enjoy doing on other chains,
on this chain, on layer one,
and stop talking about scaling solutions,
at least for a minute.
Like it's cool to build them for when we need them,
but it's all we've been trying to do.
We've been trying to scale for things
that we don't need to scale for.
So something I'm excited about in the coming year
or five or whenever it happens
is getting CTV, Chexik from Stack or Cat or something that enables covenants so that we can
enable spending conditions on layer one and start to build more games. And by games, I mean like
DeFi shit, essentially. So like AMMs. And I hate to even say this because I know this sounds blasphemous
for a lot of people, but stables on layer one Bitcoin is the only way that we can get people to buy Bitcoin, not on a centralized
exchange. That's it. It's the only way. So like covenants enable all this stuff. And it seems
silly for us to be having arguments like for the maxis specifically. I hate it again. I don't even
like using that word. The Bitcoiners who were here before ordinals, we'll put it that way.
They don't like these ideas. They're not super excited about them. They like to talk about how
tail emissions are a problem because the security budget isn't filled.
And I think there's a lot of really weird dichotomy with this, because instead of talking
about how to increase network traffic, they're talking about how to change the protocol in 100
years to find ways to dig up Bitcoin to pay miners with.
I'm like, guys, just enable.
I know you're scared of doing it, and I know we should be sort of scared of doing it.
But just enable something that lets people do shit on layer one, and the problem goes away entirely.
Do you think prolonged down period of blocks like we had yesterday?
You know, these like minuscule blocks.
Even though if you're hitting the block, you it's tiny and and this and that do you think a period of that causes at least uh questions
of potential changes in consensus or anything like that or not in the short term because the
block reward is still now that bitcoin is closer to 100k than it was before the block reward still
3.12 which is like you know you're getting 270
thousand dollars every time you mine a completely empty block as soon as that stops happening uh
people will freak the fuck out but i have a weird feeling that bitcoin always gets the security it
deserves and by that i mean if bitcoin tanks to 30k or 20K or something, the hash rate will tank too because miners, I guess what I'm trying to say, I'm going to say the conclusion and then the premise, I guess.
It's a self-solving system.
And I've never heard anybody say this before.
And I keep on talking to like really smart mining people about it who are super worried about the security budget.
But if Bitcoin is worth a lot of money, miners will want to mine it for the block reward and eventually transactions, obviously.
If Bitcoin's not worth a lot of money, well, it's not as much of an attackable surface.
People don't want to attack it.
So it doesn't need as much security.
So this whole security budget always seemed a little bit weird to me because if the people decide Bitcoin is worth buying, they'll buy it and it'll be worth more money.
Bitcoin is worth buying, they'll buy it and it'll be worth more money. Bitcoin will be.
Bitcoin will be.
And then that Bitcoin that is the block reward will be a greater carrot at the end of the stick
for every miner to chase. So more miners will chase it. So really, as long as we decide Bitcoin's
worth money, miners will chase that. And that goes on for at least the next four years while
the block reward is 3.125 or whatever. Once it's 1.6, whatever the hell it's going to be after the next halving,
I don't have the math in front of me and I'm bad with like lots of decimal points. It'll be a
little bit more of a problem. But by then I bet a lot more people are going to think Bitcoin's
more important. I bet Bitcoin's price is going to be 5x by then of what it is now or 3x or something
like that. So like, I don't think it's a near-term problem it is a problem though if we
never upgrade bitcoin and no one ever wants to use layer one which is currently you know it's
the pet rock problem people just like you're supposed to buy it hold it and never do anything
with it don't touch it don't mess it up well we're messing it up by not touching it i think
and we're now racing against institutions before it was just us racing against ourselves, telling people, hey, your rock can do other things. Now you're having institutions that to them, their rock does absolutely nothing else. Their rock is a rock. No matter how we look at it, what we tell them, it'll sit in a vault or in a contract or, you know, a ledger indefinitely till the end of time, right? It's added onto a balance sheet and this is now pet rock for them.
And that's it.
Like there's nothing we can convince them to do and expand.
And so we're also racing against, in a sense, supply crunch versus usable Bitcoin
that'll be out there for us to have fun with.
I think there's enough devs out there who really support advancements, changes to the protocol, soft forks, like the opcodes that I was talking about earlier.
And I don't think this will be a problem for long.
I just think that it is clearly becoming an issue that if we don't do something to make Bitcoin fun and usable, then it is only ever going to be this thing that sits and stares in itself,
which has a number of implications. Do you think there's any kind of incentive model we can get
miners to maybe, instead of selling the Bitcoin, to maybe invest it into the building layer one
applications and stuff on Bitcoin? Because they do make them a lot of money, the fact that it's
transaction on layer one. I wonder if there would be some kind of
relationship that can be built with the miners instead of just selling it and just putting your bank account maybe reinvest it in the bitcoin layer one so we can actually build solutions and
fund things on bitcoin because a lot of money just goes to founders marketplaces and miners
it's very attractive there's very little money to go around for people that actually want to build
stuff if they don't have it so i'm wondering if like the people have the money, there'd be some kind of incentive model for them to
actually spend some money and reinvest it into layer one Bitcoin because they were going to make
the most money off of it.
A lot of other miners or maybe I'm speaking out of turn here. Maybe I'm not super up with that news,
but the profit margins are not huge. And the risk is really big because the technology moves at an incredible pace.
Just like, you know, if you buy a PC this year, next year, there's a better one.
Right. So like you have to measure.
You like vanished.
Donnie's probably having some issues with the Wi-Fi at his crib.
Oh, yeah.
He's in Puerto Rico.
I got a phone call.
Oh, it's all good.
Although, my power is on for five hours.
So, that's also...
I was about to say, if we're getting storms, like, I mean, I'm getting storms here in Texas.
He's getting storms right above me, like, in the middle.
Yeah, we got crushed yesterday.
It was dumping.
It was dumping.
I was like, babe, you know what all this water means?
It means the water and the power is going to be out for two days now that we got too much water.
Anyway, the mining business is tough.
And they're not all just rolling around in money.
We see them mine these blocks, but the power bills to mine these blocks are insane.
And the curtailment, they have to shut their mining operations down if their locale needs power.
Retailment, they have to shut their mining operations down if their locale needs power.
Like if everybody turns their air conditioners on at the same time in Texas, a huge number of mining operations have to shut their shit off.
And that's just like how their contract is.
So to find all this power, there's a lot of really wonderful ways to do it and a lot of ways that are super cheap.
Those ways usually come with higher risk and more volatility somehow.
more volatility somehow. But there is a mining company, at least one of them, who is progressively
trying to make cool stuff accessible to Bitcoin users. Marathon is that. I think they built
Slipstream, which is a service by which you can insert non-standard transactions into blocks. So
you can make formagers through that. Or you can like, you know, currently the standard transaction
size limit is like 400 kilobytes. You can do things that are 500 to a megabyte to two megabytes or whatever by just submitting it to their service.
So they're like, they're the first people to really, that I've seen anyway, to step out and go, okay, clearly there's a demand for this thing.
We can capitalize on it and we can allow you to use this stuff.
But currently there's not a lot of money just floating around.
Like they have to scramble to try to make more money because the mining market is so competitive.
They're not just sitting on a mountain of money. They have to sell their Bitcoin into whatever
their denomination, like USD or something, to pay the power bill or to pay their employees or to pay
the rent on the facilities or buy new machines or whatever. It's like constant re-dumping their
stuff back into their business.
And even if they were to reinvest into layer one,
kind of can't do anything until scripting is more complex
via OpCAD or CTV or whatever.
So honestly, I think the Taproot Wizards,
as much as everyone's shitting on them
for like number go down,
like everybody bought something
and now they want to sell it, but they can't.
The Taproot Wizards are actually footing the bill for conferences that are discussing this directly.
One of those things is Opnext, which is coming up in two weeks at MicroStrategy headquarters. I
refuse to say strategy because that's already a word, but there's a huge developer conference
happening that's specifically talking about being progressive, well, questioning how to be
progressive with the Bitcoin network and
tons of actual smart devs. I'm going not because I'm smart, but because I want to hear what these
people have to say, because I think this will be the actual pulse of what Bitcoin is about to do.
So I'm looking forward to seeing what happens at this conference in two weeks, because I think
we're going to see a lot of people's like IRL unfiltered, not just the timeline echo chamber
versions of what they
think is good for Bitcoin. We'll have a better idea then maybe. That'll be dope to actually see
and see the results of. I mean, I'm going to try to keep track of that just because like you said,
it's going to be where everyone gets to say, oh, well, my fork is good because of this. Ideally,
you get to present or pitch a reason or a use case or an implementation,
a protocol, even a fork, right? A consensus fork for, hey, we can solve X problem with Y. So
we saw that problem attempt to be solved by someone like Casey with ordinals.
But I guarantee you, Casey's not the only big, you know, brain MFer who likes Bitcoin in the world.
Right. We just saw he proliferate with ordinals because it actually passed certain levels of consensus.
But there's other people like him that are cooking protocols very similar to bring activity and just fun and some kind of use case to Bitcoin the same way.
Right. So that's the kind of cool part that, you know, as you were saying, and I'm like, like damn there could be other cases with protocols just as quote-unquote prolific as ordinals or
runes or any of these we just haven't seen these get you know consensus or even stir a crowd enough
to pass maybe what he needs or they need yeah there's not enough layer one activity with i mean
the ordinals protocol is basically just a computer that is not on Bitcoin using Bitcoin as a data storage network, which is totally cool and does provide layer one transactions, especially in the case of like BRC20s.
Because those were super inefficient and everybody could front run them.
So we all like scrambled to kick each other out of the mempool, which drove the mempool up.
And every time you had to move it or sell it or
do anything, it was like a separate and sort of large transaction to do that. So it was really
inefficient and really fun. And that's why we did the hell out of it. But other than that,
there's not a lot of way layer one activity if there's not a lot of trading. And we need more
things for people to want to trade and exchange on layer one. I still think that the biggest irony
is that you can't buy Bitcoin on layer one. I still think that the biggest irony is that you can't
buy Bitcoin on layer one. Have you heard of Plasma, Donnie? This dude Plasma chain that's
coming out? I heard something about it. I don't really know anything about it though.
I just pinned it up top. You want to do a little research on it. It's just a redefine how money
moves built, purpose built blockchain for stable coin payments built on Bitcoin backed by Highframe,
Bitfinex, and Peter
Thiel. And I think this is backed by Tether. And I think this is what you're talking about is
having some kind of thing where you can purchase these kind of assets on Bitcoin. I know this is
probably a side chain, right? Like, I don't think this is L1, but I think Plasma is trying to bring
stablecoins on Bitcoin, which I think that's something that you were kind of talking about
a second ago. So I do think there's people trying to build stuff. Yeah, people think it's the devil.
I think anybody trying to do anything right now is a good thing. There's always vulnerabilities
and something always fails and it's always catastrophic. But that's the nature of exploration.
And the closer we get to allowing people to fuck around on layer one Bitcoin, then the more fun
we can. Then we can worry about scaling it after that. But I guess having the real setup to do that if and when we do get clogged up because it could happen in a
matter of like hours really um is all a good thing so i think anyone exploring anything is a positive
sign 100 and i mean we've been talking about how you know stable coins are the first legislation
up and you know they've talked about how banks are going to have their own stablecoins.
You see Robinhood coming out with their own banking license where you can get cash sent to your house.
You saw two days ago that X is coming out with their own debit card.
There's debit cards coming everywhere.
And Trump, Eric Trump yesterday said there is no single thing that those banks can do that can't be cheaper or more efficiently faster on blockchain
and that makes me think of kind of reading the fine print here or maybe the devil's in the
details stable coins uh bills are gonna be the first thing passed in legislation banks are gonna
be able to issue their own stable coins I'm wondering if these stable coins if now like
where are these stable coins gonna be they're gonna have these banks don't have their own
blockchains are they gonna adopt the theorem like so i'm seeing this and starting to starting to see you know maybe these banks are going to be start issuing
their own stable coins on maybe their own blockchains or maybe they pick ethereum or maybe
they pick another blockchain but eric trump is you know behind the scenes doing a lot of this stuff
and he's kind of telling you that you know these banks they're gonna have stable coins and they're
probably gonna be on blockchain here uh in the short term what about the omni omni stable coin right similar to paypal i got that pinned up to
the top i mean paypal just recently added solana and chain link for customers inside the u.s and
u.s territories right so paypal has their own stable uh you can stake directly through paypal
you can access crypto through paypal It's been the, I would
almost say the regular normie web to wallet. This is the closest thing to a wallet that most normal
people understand, right? They understand that PayPal can function as a wallet. You can add
credit cards to it. They started the ability now to buy crypto, I think a year ago, right? They
launched their own stable coin and are offering better yield on fiat dollars, right? So this is still normie level shit, but they can now buy
the PayPal coin and get, I think it's like five or 6% versus in their bank, they're getting their
two to 3% on their, you know, high yield savings or whatever the hell it is, four or five on the
high yield. Anyway, now you have paypal going cross chain right they're on
bara they're on soul right and now with the utilization of chain link you can literally
just be everywhere and anywhere similar to like a usdc so i think we're gonna see paypal come up as
the next probably big omni chain provider in that same way that you have tether uh that world liberty
finance is trying to get into um i'm pretty sure
they're going to be like circle right i mean why not and they have more footing than actual circle
does they don't have to ipo already right they can just add this on as an option and publicize it and
then now they're already with an existing user base of millions of people who have paypal wallets
i'm just i know there's we talked about this the other day of the bill the stable coin act bill and I think there is something in that bill that these
can't be yield bearing stable coins in there. So yeah that was what they passed or they're trying
to pass that like that is something that's in the last bill that that is quote-unquote illegal that
you're not allowed to have a yield bearing stable but that doesn't make sense because you have yield
bearing savings account. So essentially if these are functioning the same
way as the fiat dollar even if they're backed one for one it doesn't make sense why one can yield
x and the other one can't yield y even if they're different rates you know well you can see who the
lobbyists are right like obviously the banks are the ones that are trying to create these bills and
if there's any competition with their with them they're gonna say no we can't have competition right so like having a random
decentralized stable coin that owns five percent and your bank only offers you point two who's
funding the bill the banks are probably and well yeah and then on that note 2x right so think about
it like this i mean why are why is everybody making their own chain why is everybody making
their own stable coin the same way we have talked about this all the time there's a million banks when you drive down the street right first
convenience first national first whatever million banks everybody just wants a slice of the fleas
and the slice of the pie if there's no legislation that quote-unquote prevents specific banks from
incentivizing more if chase can come in and big dick First Convenience and say,
I'm going to offer 6% on my stable, First Convenience will never have anybody utilizing
their stables or their chain, right? No matter how easy or convenient it may be,
blockchain eliminates slash adds ease of use for everybody. So that's the biggest thing. It's,
there has to be some type of, I guess, threshold or block or preventative because or else it will be big banky little bank and it won't be a equal
right for anyone to launch a stable for these banks to even try to eat the fees because they'll
will get beaten out by a chase a wells fargo a mastercard a visa that comes in and just says you
know what we want to take over your bank and offer this as one of our services. That's a great point. Because like if say Bank of America
offers a stable coin, and it's 1% and say your regional banks offering at six or 7%. And like
all the regional banks around Bank of America doing the same thing, a lot of people are probably
going to vacate the Bank of America and probably go to the regional bank because it's offered a
higher yield. So they're like zero, zero yield.
And so our big banks, the big six can still compete and there's less competition.
So and the guy up top, I pinned it up, says they don't want stables to compete with bank
deposits.
The same reason Wall Street lobbied against retail CBDC.
So, yeah, I just understand, like, who's lobbying, who's who's these big who's funding
these bills.
And there's a lot of like the big six banks
and the same people over and over again.
And they don't want us to get ahead
on depositing our cash into these banks.
So I thought that was interesting.
A little macro for us today.
We can kind of finish it up here with some other stuff
if you guys want to get into it.
There are some stuff that is going on today.
One thing that i stumbled
across today was the goblin town launched a website called the goblin dmv and you go onto
their website and you kind of take a number like you would be at the dmv and it tells you
how long you have to wait until that number reoccurs um i think it's at 360 something
and i just clicked it and it's a four hour and 30 minute wait. My suggestion is go
and click whenever your number is up and I think there's going to be something to do with their
driving game that's launching on abstract relatively soon. I don't know if it's a play
test or these people are going to be the first people to play the game but I would go on to the
Goblin Town website and go get a number put a timer on your phone and then you know pick
that number when it pops up just so you guys could play the game if you guys want to so that was the
first thing that i saw this morning and i thought it was interesting bro i mean when i got it like
an hour ago i was number 810 000 so if you saw it at 30k, it's up like
15x So yeah, it's almost at a cool
Million so guys go you can get up. Here's a little secret for you. All these applications that tell you to tweet
None of them are connected to Twitter's API, right? They're connected to you
So you get a pop-up that says hey tweet and they
populate the tweet for you you don't have to click send on the front end of
their website they just need to know if that pop-up triggered on your side
meaning that you have the connection to allow them to populate a tweet just exit
out and you still get credit reason why I'm telling you that mean they use this
in a lot of things.
But in this goblin town, it says, hey, cut your time in half.
If you tweet, click tweet.
As soon as the tweet populates, don't post it.
And it still counts for you.
You can do this for Boost.
You can do this for Alphabot.
You can do this for all that shit, right?
So don't, I mean, you don't have to litter your time.
It's true because when I said, no, I'm not going to tweet.
It's like, fine, wait, line, bozo.
So there is a time speed up or accelerator for hitting that post button.
Yeah, so you can just say yes, and it just populates,
and you don't actually have to click submit,
because they're not connected to Twitter.
They're connected to the front end.
So just a little piece of alpha for you guys on that end.
100%.
I'm going to post something up to the front end so just a little piece of alpha for you guys on that end 100 um i'm gonna post
something up to the top um oh uh where was it give me one second i was looking at my i'm trying to
see what we're gonna segue into i mean i got a lot of like bear and shit like that but um okay
random opportunities so first lecrae uh he's dropping a drop. I mean, he always does these like progressive art drops on his timeline. He did the monsters, all this kind of burn. Anyway, he posted this yesterday.
I mean, it could be an airdrop like he always does.
It could be allocation into the next mint.
So we've always had fun with Lecrae here at TDA.
So I figured I'd put that on you guys' radar just in case that this does become another drop.
Next, we talked about this yesterday and then i got my tokens uh dude i got remember
i told you i participated in the the project two or whatever uh that's the little spin-off that
uh poopy and all the ex doodles people did so i have a little thread i i have that i made this
morning for if you want me to break down what actually project oh two is yeah yeah go ahead
because i got my dude i've been sitting here staring at my wallet and i had something yesterday i got pro and i was
like what is this but it's i told you i sent like two dollars so i didn't get it i mean i got two
dollars uh but it's up like 36 000 uh on the day and uh i mean it the airdrop has already happened
right so people did already receive uh their their coins if they sent any money to that address.
So I put the document.
They had a document this morning.
I put it in the chat GPT, asked to create a thread for me, and then I told them to create
an image based off the documentation.
So this was in my drafts.
I just posted it.
I just pinned it up top.
So I have read the docs of project02.com,
so you don't have to.
Project02, Defend Fusion, a thread.
It's a fast-paced, fully on-chain merging game
that embraces risk, burn tokens, and hides alpha in plain sight.
So two, what is Degen Fusion?
A fully on-chain game where you burn ERC-20s to mint NFTs.
You merge two same tier entities to upgrade.
They use Chainlink VRF to provide randomness. They risk entities on every merge, dismantle
for partial token returns, and play transparency on chain games. The core game loop is burn tokens,
mint tier one entities, merge two entities of the same tier attempt to upgrade
success new higher tier entities fail lose one in a t keep one three optional dismantle entities
to token return um four repeat and climb the tiers kind of reminds me of um those pandora
kind of the games where you kind of dismantle it you can get an empty you get two then you can
dismantle and make erc tokens the tokens and shit like that so that's what that is so why is this
built different deflationary token items constant burns from gameplay the erc uh 1155 entity
structures each tier equals unique ids on-chain bounties race to claim high risk high reward
prizes no roadmap promises they ship fun not hopium they
have an x score and referrals boost your allocation it's for real degens high risk high burn high
reward merged to burn there's no safety net scarcity is real gameplay effects supply
designed for whales grinders and gamblers alike what's coming soon they have a smart contract
reveal the extractment merge and dismantle cost
they have bounty mechanics and pre-sale ends in april it's fully decentralized fully on chain
there was a game that i was doing on live stream that's very very similar like this it had something
to do with like these potatoes and you like merge the potatoes you got a higher tier potato
i forget the name of the game but this is reminding me of that game that launched probably
like two or three weeks ago that was like on base or solana i forget the name but this is very
similar it kind of reminds me of that tied with like the pandora boxes where you have nfts that
can be burned for tokens and shit so that's what project o2 is if you have those tokens um i guess
they're there for you to mint nfts i guess so there you go i'm sure the nfts bro because i gotta hold two dollars
and 68 cents worth of tokens so i don't know if this is a big baller game i can't afford that i'm
gonna just hold this and hopefully it becomes a burger from everybody burning the token you know
yeah they got airdrops tokens nfts b mechanics, and smart contracts. So it's kind of like a...
You see what Yeet's doing with their casino?
This is kind of like more of an NFT casino, I feel like.
So this is more degenerate games.
A lot of these games maybe last two to three weeks.
If no one actually plays and participates, it dies pretty quickly.
Look what happened with Infected, dude.
Remember everybody was talking about Infected,
and then two days later, no one's talking about it so this is the one where if you're the
last one to mint prometheus or whatever online yep these there's not a lot of there's not a lot
of people left in this space that are actually going to go gamble their money on this shit so
i don't know dude it kind of seems like these games only kind of really take off in like
i don't know bull markets oh man this doesn't seem like this this one's
going to gain traction well i mean it's kind of pomzy shit like this bro you don't really i guess
there's a benefit for it to be quote unquote stealth but and then there's also not a benefit
i mean like i said i put five bucks and i got two dollars and 68 cents i'm not already feeling good
about playing project o2 right now you know and so it's
like in that sense you'd want to have friends and and share that in the network and it has a big
similar to what defy dungeons did right you saw that like over subscription of 140 million dollars
and you're like oh shit you don't even know if the game's gonna be good tokenomics
could be all sorts of fucked up but because they campaigned they marketed it at least makes you
believe that something that you put in potentially you know could be worth something everyone that
did that got a 90 refund right so and then they were also forced to hey do i want to go and buy
more tokens do i want to play the game because of that perceived like demand?
So I guess this is like the both sides of it. Right.
One side you get you get the benefit of it and, you know, you get that over subscription.
But people are upset. 90 percent refund. What the fuck?
You know, and then they also had problems with the getting your refund, etc.
But yeah, just i just think that
you can see the duality of both games trying to take attention right now because it is this whole
like ponzi game season right so on chain heroes kind of kick it off and then now everyone is
seeing that it's prime and people are bored so why not yeah does that have d5 dungeons launched
today right yes i have a little update for this guy. So gold sitting around a 40 million FDV adventure entities at 4.1 bankers at 36 soul.
A few key pre-launch notes as announced by the team.
Log in via Privy, Solana Wallet, Gmail, or Apple.
Recommendations, connect via wallet on desktop first, then link your Gmail slash Apple in settings for full flexibility.
You'll be asked to transfer entities a tease in-game at login.
Referrals and Marketplace go live at launch.
Mobile play support Phantom may not work properly.
Use Gmail slash Apple workarounds for now.
They have a bug bounty program.
Withdrawals for gold are paused until Monday, April 7th.
In the meantime, there's going to be a 100k bug bounty live report bugs through the
discord ticket system excited to hit the dungeons. And one thing I found this guy, you know, we were
talking about the bankers, right as the ones that get, you know, 10% of all the supply. And it's
kind of like a no brainer. I found a thread yesterday about this guy going over he thinks
that these bankers are going to be 10 soul uh after launch so i might
as well read it for you guys i know a lot of people are like maybe you're going to spend 36
sold to get this 10 well yeah no that makes sense like that's one of those things when you get to
these games is this all depends on how much is actually flowing through these characters yeah
you get 10 if the game was moving a couple million a day through these characters. If you're moving $10, I mean, what the
fuck is 10%? You know, like, you're
gonna be upset.
Yeah, he says, I've done extensive
research to figure if the most demanded class
of D-side Dungeons is worth it. Bankers are currently
set around 42 soul.
I expect bankers to trade below 10 soul
after the launch. First of all, we
need to understand that bankers are, there
are only 250
of them in a 11K collection. Their main purpose is to get a passive share of gold income through
taxing. Getting a share of the hard earned loot of others sounds great, but there's a caveat.
The confusion starts with the definition of loot. Loot equals equipment. Lo is simple simply valuables that can be can dump at loot exchange
for gold this is a one-way trade there are no reasons options to buy loot there is an nft
marketplace for trading heroes but bankers are not getting a share of those trades according to
the documents so much of the banker can earn from loot exchanges the answer depends on three on three parameters, the gold price, the gold emissions, and banker's share.
Let's examine each parameter first, the gold price.
It's hard to predict depending on the demand for improving characters at launch.
There might be a supply shock increasing the price.
However, it doesn't make sense speculating on gold price to buy a banker because if you think gold is going up, you just should just buy gold.
For the reason reason this analysis
will take current gold prices and market cap for calculations gold emission is supposed to continue
for two years at 77 of the supply is going to be distributed in-game rewards we don't have the info
on emission rate but we'll consider it to be a linear uh in this analysis banker's share is not
announced either but i would it to be around 10%.
So the analysis, current market cap is around $33 million.
77% of the market cap is $25 million.
Daily gold rewards with two years linear emission is $25,000 divided by $260 is $33,000.
Daily share of bankers can be 10% is $3,651.
Daily share of bankers, $365, 1 divided by $250 is $14 a day. If a bankers are going to
earn less than $15 a daily, it does not require to be a genius to understand what's going to happen
to the $4,400 floor. This being said, it's still possible to go with the pump hard and bankers
share to be more than 10%. The initial admissions to be higher than reward early players, such
factors could increase the daily profit for rollers it's also possible that some
information is not available in the docs that might be um to change the calculations above so
i don't get why they lie i will ape heavily the next game that says it's gonna be the funnest week
of our lives should give me a month just say it this is going to be the best month. We have dedicated the best tokenomic expert to give you the greatest squeeze of the juice for one
month. Two years, bro, two years. Wolf game is fucking dead. Everybody's dead. You're planning
tokenomics around two years. Cut that shit in half. Issue more tokens. Crank the Ponzi up. Like,
I mean, I don't know. You got to also adapt with
the market. I get the idea of making it long, right? But those are also numbers that when you
sat down and crafted tokenomics for, you planned emissions for two years, right? Instead, crank up
emissions, crank up the game, enhance the loop with what you have now, because we know this is
an attention game right especially
when it comes down to these quote-unquote pawns of five passive earning shit so i don't know i
mean i like it i think it's going to be fun granted these are the same team that have dropped
two other ponzi games in the last two years we're now on game three in two years with them. So, I mean, like, I don't know, bro.
Can we use the same token from year one or from the first game from Banana?
You know, like, it's just shit.
They gave those people, like, NFT whitelists and stuff.
So the people that got, you know, or played other games, they got exclusive access to the Mint and shit like that.
So they did reward those people.
But I do agree with you, the two-year kind of thing and just want to make you know do those calculations
and read that thread for you if you guys are looking to get a banker everybody's calling a
no-brainer i mean the floor price at this point doesn't seem like it will break even um with that
two-year you know vesting schedule or whatever they're doing so just wanted to break that down
and just you know do the do the calculation so you guys don't get wrecked, you know, buying some for 36. And then when the game
goes and a week later, and then people are kind of doing the calculations and realize this isn't
worth it. And then now it's down 50 to 60%. So just want to give you guys information. You are
looking to invest at least, you know, look at this and then do your calculations before buying
the high tier assets. Let's go over to Elmo. What's up, Elmo? What's up, brother? Yo, yo,
what's up guys. what's up guys i
heard you guys talking about some art uh earlier just wanted to kind of put this on your guys's
radar uh we have been working on a 24 megabytes um 10 40p video inscription with wombat um it's
gonna be pretty fucking big um and i don't think anybody's done this
uh on this kind of like resolution on bitcoin before um the release of this particular art
project real quick elmo when it comes stuff of that size do you still need to get some type of
mining partner if the mempool itself isn't as like
congested or anything like that like just out of certainty so no one breaks up your transaction or
do you or can you risk it yourself or do it yourself if mempool allows it kind of i'm
we've been doing it all ourselves we've been um essentially recursively like pasting this back together essentially frame by frame.
The actual tools, we're developing new tools to create this inscription and those tools
will actually be available to the public here soon in an open source manner, courtesy of
our team over at Orange Cube and a little project that we've been working on but
um yeah no it's cool if you guys want to learn more about it we're going to be hosting a space
here on thursday afternoon um that space is also going to profile another really cool
art collective here on bitcoin the psychonauts uh so tune in i know they got some cool announcements
as well about some
work that they just recently previewed um so yeah if you guys want to you can bring all your hard
hitting technical questions or conceptual questions or whatever um and come pick our brains on thursday
afternoon yeah rg's been cooking dude i'll post that up, what you're talking about. You're talking about his Marble one, right?
Yeah, no, the Marlboro collection is super fucking cool, man.
You know, he was showing me that like a while back and I'm excited that I woke up yesterday and I got to get the little preview, little announcements from them that that's coming.
But RG's definitely been cooking for sure. I'd love to see him cook.
Any of your people that like, he started inscribing on bitcoin got it right and
realized that yo this is what i want to do for me uh it's not even necessarily for anybody else you
know anyone else can participate with it but he started inscribing for himself started cooking
did the brochure i think like or not a brochure but kind of like a little flip book thing uh about a month ago and just kind of pushing the boundaries on that end
right so it's just been cool to see his artistic journey going from just a collector and someone
who's uh vocal about ordinals to starting to create and then you know now just creating non-stop
in a sense for himself and just to
push the boundaries so yeah that and just being kind of a leader and a voice within what's happening
in the art community here on bitcoin right I think that's really important we need a lot more of
those and RG is just um he's killer he's a great advocate for artists any of your artists uh do
anything on manifold they're
doing they have an airdrop i don't know if you guys saw that but uh the platform for creative
sovereignty manifold now live on shape believe in entities believe in artists artists are at the core
so they are the next to claim shape artists who publish via manifold on ethereum before today can
claim right now artists who publish via manifold on shape from today onward can claim soon.
There are limited spots, so this can get done fast.
So 4,200 claims for the past mints, 4,200 claims for future mints,
and 6,900 shape for each claim.
So if you did do anything on shape, it looks like you're able to claim some.
And then Bonafita basically said,
Heard there's some confusion about this.
It's super simple, and sorry for the messaging wasn't clear any artist who deployed
a manifold contract on ethereum l1 in the past can claim shape right now technically you get
a ticket which guarantees you a certain amount of it here's how to click the link below go to
manifold og card click check eligibility if you're eligible just follow the next steps a lot of
artists have heard about this yet so let your friends know elmo any of your friends or anybody
you know do this on manifold and over the past two three years i mean uh not that i know of i
haven't asked anybody about that i'm sure i have plenty of friends that are doing that
because i do have a lot of friends obviously in various different chains that are creating art but
i haven't heard any news on that not yet i know there's like the big open edition meta that we
did two years ago when jack butcher kind of did this whole thing so if any of your friends you
know did one of those uh make sure that they go claim their free shape tokens i don't know how
much it is but it's free money right so since were talking about art, that's one of the things that had my art section of today's mints.
So there you go.
Top two.
This is the one thing that I like about Bitcoin.
I mean, shout out to Barbara going, you know, getting curious.
And Bitcoin, ultimately, the mempool is the alpha, right?
We've talked about this and just the difference of you being able to cook in quote-unquote silence,
reveal yourself whenever you're ready,
and if you've been looking, you can see it, right?
So Barbara writes this little thread about what she found.
If you're interested yourself in actually seeing these things, she has all the associated wallet address slash inscription IDs.
Easiest way is either just go to straight ord or ord.io,
and you can kind of see it all there, right?
So she said, I found this on chain, and it has a lot of Easter eggs.
I first saw this inscription on ordinals.com.
I clicked the address holding it and saw that there was another inscription with an instruction inside.
It said, go to this inscription ID and check out this address.
When I click the inscription ID, I found a delegate in a parent inscription which the
delegate animation with 911 written on the art. The further I look into it, I find that 911 has
children within the 92 million inscription range. The parent also has a rune with the name
of, I don't know bro, I try to decipher that, I can't decipher that, EBCDFMJIGA, which is 100%
pre-mined with a billion supply. As I scan through the children, which are all numbered,
As I scan through the children, which are all numbered, the one with 899 has a key symbol on it.
When I click on that child, I quickly go to the SAT number, which ends in 899.
I then find that the parent inscription also has the same SAT.
Is this the key to the entire collection?
I've closed my laptop.
Too many Easter eggs. Who's creating this on chain? And what's up to the entire collection? I've closed my laptop. Too many Easter eggs.
Who's creating this on chain?
And what's up with the mind games?
So if you guys want to check it out, I think this is the fun stuff that you get to see on Bitcoin.
The cypherpunk-ness.
This is where we used to find everything, right?
I mean, I even made a comment about this yesterday.
Everybody's doing this whole the grifters thing.
We have another collection that launched.
I mean, dude, Bitcoin's permissionless. That's the beauty of all of this right you have an idea you
can go and front running is was just part of the game and you found out that things were minting
because one vbytes were spiked and your shit just is getting stuck and now you got to go figure out
why or because in a sense someone said hey look the mempool's hot
There's this new whatever pfp and this and that
I don't know. I think this idea of us trying to play god on a
Permissionless one protocol website really don't make sense to me. Let the mempool sort it out
It's been doing that for the last fucking 15 20 years
Why are we changing that now? Just let the mempool sort out whatever you
want to do right so i don't know that's just kind of my two cents on that and i think this is a lot
more fun us going through processes like barbara than sitting here and yeah there's ultimately a
fine refinement to curation and if you're an art house if you're an artist and you're doing specific galleries etc
right there's fine examples of that but there's also fun in the this is what bitcoin is this is
what makes it different let me use it right and that's the cool part about this i'm with you did
you see liquidiums doing instant loans now did you see that update this morning yeah they've been
testing it for a while but yeah i did see that they're going, I guess, fully live with it.
Yeah, simple, fast, no friction.
Collateralize your rooms now.
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Use any amount of collateral.
No more fixed bundles.
For lenders, no need for countersign.
Lend and forget. Off offers can be partially filled maximize
every opportunity both sides get multiple term options for runes more control more flexibility
they have a tutorial here to help you on 3 19 25 we're giving the following communities a point
multiplier boost for two weeks until april 16 more borrow borrowing one lender equals more points. So Lick, 1.5 multiplier for Liquidium Foundation.
Dog has a 1.25 multiplier.
Pups have a 1.2 multiplier.
Gizmo has a 1.25 multiplier.
Odin Dog has a 1.2.
Bro has a 1.2.
And Bitcoin, I guess Billy Cat has 1.25 too.
So if you are looking to take out some loans on your eLiquid runes,
here's your opportunity.
So there you go.
I don't know, man.
I don't have any more runes to take out any loans.
If I did, I would be taking loans out and not paying them back
and just taking the Bitcoin and running, to be completely honest.
To be completely honest, I would just run.
So I was like, good.
Yo, I had to turn off all of that in my Bitcoin wallets
I'm not even a lady every time I open them it tells me I'm rich
And I know I'm not you know, and it's something like dude, where's this money coming from and it's all the dumbass rooms within there
Proceed vaporware value and it's like, you know, you got a million of this you know chair on bitcoin and it's like not worth
because no one will buy it but on there it's telling me that i have 10 grand worth of it and
you're like fuck so i know how to turn all of that off bro i literally went there and selected every
single ruin and i don't have nothing besides the big three now uh it's all fake yeah and it looks
like amazon is in a last minute bid to buy TikTok.
Amazon already owns Twitch.
So this would be right in the alley to buy one of these hyped up things.
So TikTok looks to be heading Amazon's way from the last development three minutes ago.
So go ahead, Chief.
My bad.
No, I'm just going to kind of transition now into...
That was more or less what I got for...
I got some small other Bitcoin things.
Lunatics is supposed to go live later today.
For those of you guys that are in the ordinal space or have been following that.
That's been getting a lot of hype.
Been going through getting honoraries.
And just in a sense seems like a fun collection.
So you guys check it out.
The post came out this morning.
And I'm sorry.
I'm sure you could see a change in proceedings.
It was paramount to me that I didn't say anything that wasted anyone's time.
I cannot go into it now.
But the end result, if it's time to bring lunacy to the chain and go full steam ahead again with transparency and effort, you came to expect.
I'm basically going to be AFK for seven hours,
unfortunately, as this was all planned out. But from 8 p.m. GMT tonight, the lunacy tour begins.
Mint announcements being bombarded with information overload, pretty pictures,
sets being inscribed, and forget the market bears are fictional. Lunatics exist.
So for anyone that's interested in that.
Or has been following the Lunatics.
It starts tonight.
I haven't heard of it.
I forget learning about this.
Yeah they've been cooking on for a while now.
Not necessarily like.
Trying to get quotequote hype. Just good
artwork, having fun, degenning around.
I think it's by the Elite
Artist.
So, yeah.
It looks like 3D moons.
Yeah, 3D moons.
What's up, bro?
Yeah, I was curious. Lunatics, they're the 3D
moons, aren't they? I've seen them. They look pretty cool.
So this is going to be a stealth, kind of stealth thing that happens today?
So we just need to have notifications on, pretty much?
No, he's going to drop the info today for Mint Info and all that kind of stuff.
So you can kind of get involved if you want whitelist.
There have been opportunities, but you're going to have more information with the Mint Aid and everything today.
So it's kind of going to start like it's official go to market day.
You know, they've been cooking more or less in stealth.
If you found them, you found them.
If not, but this is going to be the official, hey, this is a collection.
This is our size.
This is XYZ and how to get involved.
Dope.
I didn't know about this, so I'm glad you brought it to my attention.
Appreciate that.
Kato has a new thing they just launched called Kato
Reward Station, a program where you get paid to create content for your favorite projects.
Sounds like something that we should do in a bear market. You earn direct rewards for projects and
you can stack Kato Yaps on top of it. So Kato Earn Active Reward is used corn, corn airdrop,
March 27th. I guess these are the active rewards that
you can create content around um use corn uh mantle multi-li-fi and open ledger um they have polka dot
quile network and say network and skate chain and insomnia network so fine ai wavefinder um Omnia Network, SoFind, AI, Wayfinder. So they have basically the claim date.
So you can choose to strategically yap
instead of just aimlessly yapping about random shit.
Yeah, basically what's going to happen
is you guys are just going to go to Kato.
You're going to go to the pre-TGE board.
And what's green, you guys talk about in the future.
And you'll earn more yaps than if you just talk about
if you ship posts is pretty much what's happened.
So the
stuff that's on the top of the mind share that's pre TGE, if
you create contents and threads and videos around it, you're
going to gain more money than if you just ship posts all day. So
pretty easy, actually. Pretty easy, pretty simple way of
making us some spare change in a bear market, especially
there's like I've always said this, I've had my best opportunities in bear markets
to get attention because everybody gives up
and there's not a lot of people building.
Like there's a lot of people still building.
And if you just give a little spotlight to these people,
they're gonna really love it and give you like access.
Like that would happen with me with art gobblers.
I was talking about it nonstop, created a thread about it.
One of the community managers came into the space and says, I love that you talked about it. And
they gave me whitelist and that was a free $17,000. So bear markets, if you're a content creator,
don't give up, continue to create content. And now Kato's rewarding you to basically
create content around these particular projects, which you're probably already doing anyways.
So that sounds really interesting because I mean, with how AI has been coming along recently, Great content around these particular projects, which you're probably already doing anyways, so
That sounds really interesting because I mean with with how AI has been coming along recently It's it's never become easier to create pretty exceptional content
Are you can you pin something about that because I think that's a little shadow in my community
Yeah, just pay you say I to snoop
They use AI to filter through the content and to see what you're talking about
and to make sure it has validity and stuff like that.
And it has to be written form, not video, not audio.
So threads.
I'll pin up Kato's stuff for you guys to understand it.
They announced the reward station five days ago,
but this is their first kind of initiative of saying what you should be talking about for the rewards.
I just pinned up the thread of the ones you should talk about,
and I pinned up the main thread from them a few days ago.
You're right, AI is taking off.
I just did that Project 02 thread in two seconds.
I just put in ChatGPT,
create an X-like thread for me and
create an image based off the details.
It took three or four minutes.
I'm sure I'm not going to get rewarded for doing it but you can definitely get a template and kind of fill in how
you want to write it in the future dude so this is all about it and i tesla is now taking pre-orders
for the optimus robot starting at 29 000 deliveries begin in 2027 so 29 000 is the most expensive this
is going to be so i would imagine by 2030 these
are gonna be like ten thousand dollars you're gonna have like robot founders in web3 row
just like walking around live streaming i mean maybe homie's homie stepping down this just dropped
uh and less than an hour ago elon musk will be reportedly stepping down in the coming weeks from his role as a government employee governing and the
governing partner of the doge uh with his departure uh with his departure expected by the end of may
he's getting too many death threats from my what i'm thinking here he's like all right bro like
don't kill me and my kid bro probably step down he gets to a certain point where it's like, all right, bro, like, don't kill me and my kid, bro. Probably. He gets to a certain point where it's like they're demolishing all his shit.
And you know what I'm saying?
Like, he gets to his like, yeah, just fuck it.
I mean, dude, you can only do so much out of even perceived goodwill.
Even if he had, you know, according to him, this is all out of goodwill that he's doing it right.
Obviously, he's winning and it's self-service as well.
But you can only do something so much out of goodwill to where you're like, yeah, this is not really worth it anymore.
Like no matter what I do, I'm still fucking hated.
So might as well just not be here.
Now he talked about in the Joe Rogan show
where he doesn't want to go like he talked about.
He's like, there's so much corruption,
but I'm reluctant to go so deep just for the fear of my life.
They're like trying to kill me.
He said this on joe rogan
and i'm like i i feel you bro like it is pretty corrupt you know these people have been around
forever and like just because he's stepping down doesn't mean that he doesn't have the main phone
line of donald trump's ear right he's just visibly stepping down for all the lunatics but you better
believe that he's on the back lines fucking coordinating all this in the background he's
just not going to be the main figure doing all the reports and all the sit-downs on CNN and doing town halls and shit.
So, yeah, he's not going anywhere.
He's just not going to be the front-facing figure that's taking all the heat in here.
Yo, yo, yo, look.
I know I'm seeing all these hands come up.
This was not me grabbing aluminum foil and shaking it outside.
I need y'all to check that shit at the door right now because all the preppers just ran up
here uh so yeah we're just going in this because it's some news and it affects markets but uh
please put the tinfoil down before we start out of respect for everybody else because we got more
to talk about uh let's i guess we'll start the loop um go ahead scene and then we'll go down the
list no i'll be really quick and i'm sorry but I just think it was all part of the plan. I mean,
he put in all those analytical systems, right, to scrape all the federal funding data, all the data
that for what we were spending, like all the, what, the millions of dollars that we're giving
for, like, basically propaganda overseas. I think that was all the plan, right? He was putting in
all those data systems and then stepping down, and he could fix his fucking app finally.
100%.
Yeah, the framework's there.
It's just now executing the framework.
So I agree with Scene.
Let's go to Snoop,
and then we'll go up to Elmo,
and then say what's up to Coin.
I definitely wasn't next,
so by all means go to someone else.
I feel like I'm pushing in.
All right, fine.
Let's go to CoinUp.
What's up
brother i know you're working so no you're good i just wanted to say that uh optimist thing is
april fools that's is it dude not legit yeah flick the link the link's a dead link to some info
you can't reserve it i swear i went all yesterday i didn't get fooled and then i took this and
brought it here and i just got you guys all fooled but i mean they are coming right coin up like these are something that are going to be available to people by 2017
i guess the pre-order isn't real i guess yeah yeah they're coming just you can't order them yet
otherwise i'd be all about it me too i know that kai sanat had one of those robots in his live
stream so they are the same one bro you think it's like that robot's just a whore he's the one
that's been chilling with kim and then they send him to fucking kaisen odds house
And then now they're fucking just pimping them off everywhere like it's probably the same robot that would suck, bro
Yeah, he's got Kim all over him dude like oh, they probably got all kinds of they did a photo shoot
I don't know if you saw that they literally went to the beach and laid up on the fucking cars and her and her robot, bro.
I haven't seen her that.
I haven't seen her into someone that hard since Ray J, bro.
So she's really in love with that robot.
No pun intended, right.
She's part of the predictive programming, right?
This is all like they get their celebrities out.
They show you that it's cool and trendy.
And then when it gets rolled out, it's not a surprise to you because Kimardashian had love with it for but you don't get the ones that don't
beat you up though i just need you to understand you're not rich enough to get the robots that
don't act up you're gonna get the one that you say some dumb shit it's gonna malfunction uh this
is just she gets the good one to incite entice you to buy it so do not chief look at this look
at this image up top.
You talked about this.
This is obviously Grok did this,
or Chachi B.T.
It's basically the comic strip of this guy that has a gun
to his head of these two robots.
And they're like, wait, not that guy.
He always said thank you.
And it said Chachi B.T. 10 years ago.
Great answer.
Thank you, bro.
So it's like, we're talking about this
and someone made a comic on it
and it's like so hilarious.
Because if you don't say thank you
at the end of your stuff,
you best believe these motherfuckers when they get sentient come into
your house and gonna you know scroll back 10 years and see if you what the things you said and shit
bro so just know once you put this stuff on here it's not going away and your children's photos
everything they're gonna know so just beware say thank you don't get assassinated by uh minority
report in 10 years so let's go back to Snoop. Oh,
was it Elmo? Go ahead, Elmo. Yo, yeah, I just wanted to clear up that whole Elon stuff. So
the reason why they asked Elon to step back is because he was backing a major Supreme Court
candidate in Wisconsin, and they lost that election by landslide, and so this is just essentially a reaction to that by Trump.
Did they win or lose?
They lost.
The Musk-backed candidate lost, and the Democrats won.
So that's basically from my understanding.
I saw a little bit on this.
That means that they might lose the House now?
Yeah.
I mean, it's supposed to be a really critical like low-key election um and they were
really pushing the fact that like you know if they don't win this it's the end of western
civilization blah blah blah blah and it seemed like um the world was just kind of sick and tired
of uh musk or whatever the fuck he was backing and trump kind of recognized that and asked him
to step down so that's that's kind of like the T on that situation.
That's interesting. I didn't even keep up with the results. I know that he was on Fox News
yesterday and saying if they lost this race, then the House, they would lose two Republican
seats in the House, and then those would go to Democrats, and basically now the House is even,
and there's going to be a bunch of impeachment hearings and stuff around Trump. So that's all
I knew about it. So I'm glad you brought it up. let's go to snoop and then say what's up the lord and then we'll keep it going
yeah it's more just a question on the robot is the optimist is that the dog is that the human
robot by the humanoid robot i should say it's a humanoid robot i'm pretty sure 30 grand that's
in way too cheap that's what i was thinking dude i was like by the time this comes out and you know
retail has it's gonna be 10 to 15k we'll probably have two of these in our house we'll walk in it's
creating it's cooking dinner it's doing our laundry like this is going to change everybody's
lives they were saying there's gonna be more robots on the earth than humans by 2030 because
everybody's gonna have two robots bro there's already more robots they just can't talk to you
like literally everything no i'm being honest what
do you know or have now that doesn't have a computer chip i mean not to scare motherfuckers
but i mean everything in around our homes even to the point of almost now doors and everything
is all electronic these are all robots similar to how you saw in transformers bro you just don't
you know there's bumblebee and then there's the toaster they're all the same shit one just a little bit further advanced than the
other but yeah dude I think that they're what's the battery life gonna be like
good do they always have to be plugged in are they just gonna be tethered to
the wall like what's it like a hoover I would yeah they're probably gonna have
to go back into their little pod and recharge and shit until we get sustainable energy or whatever.
But this is just another use case for these NVIDIA chips, guys.
Everybody wants to talk shit on NVIDIA.
People are going to make other chips.
These chips, they're going to need so many.
And these things are getting burnt out.
Sam Altman talked about it on one of his things.
He said, Chatsy PD launched 26 months ago and was one of the craziest viral moments I've seen. And we added 1 million users in five days. And now we added 1 million users
in the last hour. And there was comments from him saying like, when the Ghibli thing came out,
it fried a lot of their Nvidia chips in their servers, bro. So like, if this continues to
happen, and now we're getting mass influx of people back using AI, Nvidia chips are going are going to continue to be have to be produced and people are going to need them for all the shit that they need.
So NVIDIA's probably seeing a bottom here.
I'm looking into purchasing NVIDIA stuff.
The fast food.
I don't know if you saw that post, but fast food.
I think it's KFC, Taco Bell.
And what's the other one that's always with him?
I don't know.
That's out of the three.
Pizza Hut? Yeah. And what's the other one that's always with him? I don't know. That's out of the three. All of their drive-thrus are now AI agents.
And they're going to be powered by NVIDIA chips that come with the agent built in.
Right?
So you're going to walk up and there's no longer yelling at the lady or anything like that.
It's just the person you talk to is robotic voice.
And that's going to be a built-in AI agent
But coming directly from Nvidia. So now the chip is like hey
Do you want a chip to display the the screen for your fast food? Yeah?
Okay, well for an extra 15 30 40 50 grand
You can add the AI option to it and it can now you can save instead of hiring that employee
Well, you're just gonna sit here and be like well shit yeah give me that one so you're talking about language now um we just got back from gdc
and we showcased what i just pinned up to the top of the uh the jumbotron so we partnered with
nvidia many years ago and we have the only license to use those very same chips that everyone else
is using the nvidia ai chips they're using in what are called embedded machines and in driverless cards.
We have a license to build an Android-based consumer product.
And that's what we've just showcased.
And we've stuck an ASIC binding chip in there.
We've made it a very Web3-friendly device.
But if you like AI, there's a big movement to be having local AI at home.
And we'll continue to see this trend when GPU shortages continue to thrive.
We will see a shift towards more of a local powered AI.
And so absolutely, NVIDIA has a tremendous head start when it comes to it,
because Jensen realized back in 2014 that AI was going to be the thing
that would make NVIDIA the number one company.
And so they've had this coming for a long time,
and their chips are superior to everyone else,
specifically when it comes to AI.
So very, very bullish on Nvidia.
I'm surprised anyone's talking shit on them.
But yeah, I think if you like that kind of stuff,
you can even request a developer kit.
We only have a select hand,
so we're a few hundred units,
and we're making sure they go up to good devs.
But if you have a dev and you like XR or AI or Web3,
definitely just request a dev kit.
Isn't GDC where all the games are being announced and shit?
It is indeed.
So we went to CES, which is the Consumer Electronics Show,
in January in Vegas, which is a big hardware show.
Then we went to GDC, which is the Game Developers Conference
in San Francisco.
And then we did GTC, which is the NVIDIA tech event,
specifically for NVIDIA-powered devices.
And so these are the three Web 2 tech events
that we've been showcasing the tech apps, as well as all
of the sort of usual Web 3 events that we've been scattered
out in between.
But yeah, we've been showcasing the hardware
at every event we've gone to.
And yeah, it's been a fun little gadget.
It can be used like a handheld, like a games console,
and like this wearable computer.
So fun little tech.
That's dope.
Did you see Mario Kart World officially revealed it's switch 2 on the switch 2 they have 24 drivers
in each race you can drive off the course and anywhere on the track there's dynamic weather
in time of day free roam in solo or co-op and drive to the next track after each race so
everybody loves mario kart and it looks like a's going to be a new one coming out.
It's like an open world.
RuneScape came out with their new fucking version, bro.
I mean, look, Web3 games, get fucked.
You guys are out of there, bro,
because literally RuneScape, the game that's had every nerd
under basic lock and key,
along with WoW and StarCraft, etc.
It's coming out with brand new MMORPG.
Has nothing to do with Web3.
It's a free-to-play game.
You don't even have to have a dollar to play and have fun.
So stuff like that, I mean, ultimately, Mario Kart, you have to go and buy it.
But RuneScape, MapleStory, WoW, these are all the original kind of free-to-play
games right and that's why so it's it makes it very hard for climates like let's just say um
not specific they're different types of games right but um off the grid and stuff like that
these web 3 games that are more monetary incentive based when When you tap into nostalgia. And just flat out fun.
Like I mean you can sit here and say.
Hey you can grind and play off the grid.
And earn hexes.
And potentially make five dollars.
Or you can go and play Mario Kart.
And free world roam around.
And just look at the graphics.
And you know what I'm saying.
It's just stuff like that.
To where we got to make it fun.
And to make it fun and to make it
appeal towards gamers and remove the monetization layer that everyone in web3 focuses on i'm with
you um did you you just talked about play shrapnel i'm gonna throw it the lord right for this but uh
they had a partnership with the chinese government bro like what the hell like these dudes went from
in a lawsuit to partnering with the chinese government. So Shrapnel, a popular Web3 extractor shooter, has partnered with the Chinese government to launch its first licensed Web3 game on China's official RWA blockchain called BSN Spartan.
The game will be fully localized for Chinese markets.
It's a major milestone.
China has been historically strict on crypto and Web3.
So this signals a shift in
attitude, at least towards regulation, government-backed Web3 experience. BSN Spartan is a
permissionless blockchain network supporting compliant tokenized assets not open for public
crypto. So kind of crazy that they're now China. China's talking about unbanning Bitcoin,
and now they're launching shrapnel on their tokenized blockchain called BSN Spartan dude so definitely look for China to unban crypto probably
in the next five to six months it'll probably lead to the banana zone that we've all been
hoping for so what up Lord what up brother how are you man Jim Jim I can hurt AI robots yeah dude
fucking same okay. Unitree.
That's the Chinese company that freaks me out.
Those ones are crazy.
If you want to look into those, they're very agile.
No, I actually don't think like 30K is that expensive. I know that the early projections were like 10 to 30K.
I think there's going to be levels of this shit though.
There's like a DAR, like a foundor of 1X.
I was chatting with, I was trying to shill in crypto
forever ago because i'm like my algo is weird it's like ai and crypto so i just shielded these
ai guys sometimes but uh i ended up chatting with him a few times i didn't even know he was like
part of the company but they're actually working with nvidia so like it's gonna be levels to this
shit like theirs is uh i wouldn't say it's like admiral right and like factory ready it's more
for like a home thing um which like you know I got an elderly family and shit. So I'm
like, this stuff makes sense for me where it's like, uh, just like basic home robots. Like
there's going to be levels to it just like anything else. Right. So I think that there'll
be some like really affordable ones that just do your laundry, do normal stuff around the house.
And then like you were saying more robots than people bro like that part uh bullish on robots it's coming so nothing we can do about that and gaming
dude like yeah like shrapnel we saw that shit what was thread guy was like shilling that early on
and then we saw a bunch of that we were talking about it and yeah like everybody's bearish on
crypto gaming all the time but i think we're in like an echo chamber bro like gaming is just gaming
like i've been a gamer forever uh i want to see i've been saying like it makes sense to
have this shit uh people are trading knives on you know counter-strike like that should be tokenized
all this shit should be tokenized but it's good to see like china coming on board and i kind of
agree with you like whenever they ease up everything like that's gonna kind of set the
stage for um crypto in china so bullish on
china other than them you know having way too much power and us not having enough power plants
and them mogging us on ai i really hope we kind of step it up on that in america and don't die
um but yeah overall i'm bullish uh sappy seal's got a game coming too don't forget that it's on
it to my seals bro uh i actually saw in the discord and there's
like a holder shed in the discord nobody hangs out there come on let's be real like everybody's
doing their own thing but somebody was like complaining and he was like look man we got a
game we got more coming out this was like yesterday and he's he's around and they're
building so i don't know man i'm paid i'm i got my stage set for the seals game because i think
there's gonna be some like good product coming out here soon like just a lot of crypto stuff like ai wayfinder i've been looking at i know you guys
talking about like kaito yaps like they're giving yappers i think like 0.5 percent of the supply or
something um so there's a lot of stuff to farm i agree with you and i think like also games are
bullish for that type of vibe right like you don't have to have money to play you don't have to do
this you don't have to do that and you can just kind of like have fun with the game.
I forget who said it, but like focusing on the fun part,
the nostalgia part, I think was chief like that.
I think that those games are going to like Excel, right?
Like shrapnel is a really good FPS.
I like FPS.
So like, that's going to drag people in.
And if there's like a crypto aspect to it, I'm hyper bullish, but yeah,
I don't know.
I don't know of any other like new games coming out and stuff like that.
Other than that, but I'm definitely bullish on seals i would probably pay attention
especially if you think uh this bull market's going where it's going i would not fade seals
uh they get a lot of shit but you know uh just go pay attention what's actually happening and
ignore the noise type shit as always it's gonna be on monad right the game yeah like uh they so like wob was like an early
investor in monad right like he was like an angel investor and shit so the reason he was like going
with them was he's just like very close with that team and that chain and like he was uh i remember
i'm saying you know like it's a good feeling to be early with a chain and to be early with a team
that's running the back end and there's a lot of
cool stuff that they could do with it he's got more than just a game it's not just like some
simple game they've been working at for years so yeah he's like he's definitely in good with them
and you know they have uh like it or not they have a lot of funding right like they have a lot of
fucking vc money all this bullshit so it's it's good i think like you get a lot of attention and
marketing to your product when you drop on that chain like there's a lot we've seen on abstract that have done pretty well
uh i know like on chain heroes was like a banger right so i would just i would kind of see it the
same thing playing out with uh the game which i believe is coming to test net actually i just
don't know when they're just uh i'm not in a rush or whatever some seals are like it's funny because
we pumped a gary v bought a seal and then we got all these fucking retards again fucking win game um but it's like dude we've been here forever bro
just fucking sell all right for a loss and leave me alone uh but yeah game soon as always but yeah
monad bro like i'm i'm pretty bullish on monad getting attention and that's what you kind of
need right you need a player base you need people there uh so help you know it's cool that he's like in at the ground level with the chain i i like that i like the route
that he's taking um and like i said we saw abstract like i think abstract's pretty bullish i've been
looking into streaming on there maybe some like anti stuff or whatever i think there's a lot to
do i agree with what you're saying it's like in bear markets like even as a micro bear like there's
still a lot of shit to do so like i don't know get to farming like i have a list of like kaido yaps stuff that's yappable to
hopefully get an aloe and it's like why the fuck not you know i didn't even yap that much i got a
pretty decent aloe just from kaido so there's um there's a lot of stuff dude but uh yeah i just
bookmarked the one you put up there i think it's bullish i think we should be farming shit because
duh it's free money and why the hell are we here but uh yeah bullish on that
i appreciate that in abstract they have their badge a flash badge is now live acclaim years
by playing captain and company and earn uh any amount uh in game for mxp so there's a new badge
up there if you guys are looking to get that next badge captain and company uh badge is now live i
don't know how
long these are up they're usually up for like 48 to 72 hours so go and play there if you're on
abstract and then um achievement unlocked ronin shipment who's jumping into ronin on os2 coming
soon so they've been telling you to go purchase one of these ronin entities and you're going to
get this 100 xp shipment on openc like i'm saying you guys are all going to be kicking yourself in
the face when you start doing the calculation how much these xp are and fucking saying that you didn't do any of this
right so they gave one out yesterday for holding any nft worth any amount of money since the start
they give you 150 xp so just go buy a ronin fucking cheapest nft get that hard xp and once
we get the retroactive xp from open sea we're all going to be counting how much these are worth and
we're like i can't believe I didn't do these easy ones.
So they're not even done it yet.
They basically tell you it's coming.
So you still have time to get this run in NFT.
And then we were looking for this chart a while ago.
Finally found one.
Baruchain and Sonic led net flows in Q1.
While base-dominated Q1 net flows,
Baruchain and Sonic also posted strong results
with over 1.3 billion in net flows each.
Ethereum saw 15 billion in net flows, but outflows were highest at 17 billion.
Arbitur chain followed at a similar trend, ending towards 3 billion in Q net flows.
So there it is, Sonic and Baruchain right next to each other on net inflows on Q1.
Lots of competition, lots of things to do.
And this is in a bear market.
Like I've been in bear markets, and this isn't it.
So just if you're a content creator, create content. If you're someone that likes to play games, play games, just do something that keep your time and keep you liquid. And then I
feel like when the market comes back, there'll be a lot of airdrops for you participating during
this downtime and probably a fund kind of like your next, you know, your next paycheck or your
next bank account. You you know like a lot
of that money is going to be dropped in the bull market when we get run back and it's probably
going to you know five or ten x from there and then that's kind of stuff that can you know put
you in a position to you know make some bigger plays and possibly get out of this uh rat race
that we call web three i agree but uh that's all that's all i got um anybody else has anything
else feel free to talk about it pin it it up, Lord, if you have anything.
And I'll leave it here for Chief for the last 15 minutes.
I don't have anything else.
The only thing I had was,
I think Snoop Toshi was talking about like a open source AI.
Yeah, like if you have hardware at all,
like I actually built like an AI friendly like setup just for like building with AI.
There's a lot of new stuff that has came out
for local running models.
Like if you just have a good GPU, you can do a lot stuff and like if you heard MCP is like a buzzword and AI right now
but it's very bullish it basically just allows like an AI model to talk to other programs and
shit like uh WhatsApp there's like a WhatsApp MCP so imagine having like a local running LLM that
has access to like a WhatsApp account and can like do stuff.
You can do that locally.
And it's like a llama is the main, you know, like locally running models.
You can just like use a llama and build stuff.
So I don't know in downtime, like I've definitely learned a lot about like open source stuff and figured out that like, you don't really need a lot of these paid platforms.
Like you just don't, you know, like, I think they're good for for certain things but if you're a really niche use case like it's bullish so i don't know
what that hardware you're talking about but definitely bullish on ai and like ai crypto
converging you know like imagine having like an llm on a pc that has access to a wallet you know
and then you just give it money and tell it to do things type shit but yeah open source is
bullish so i would listen to uh snoop on that and try to like up your ai game if you got time if
you're not a gamer and this isn't that and even if you like make content right like there's a lot
of ai things to farm so if you have like any ai content you could like kind of double tap that
right two birds with one stone like hey i'm building this also check out this ai platform
that's going to give me an allocation.
I think it's a bullish time for, like, AI and crypto, basically,
like, especially open source.
I do agree with you.
I see, like, the formation of a lot of this, like,
open AI and all these models are going to have total access to all IPs or they're going to restrict it.
And if they restrict it, I feel like that's where you're going to see
the Web3 decentralized models come to fruition
because I feel like the ones everybody want to use
are those centralized ones
are the ones where you can use anybody's IP.
And so just like how we have decentralized finance
to get away from banks,
I do see if there's restriction with IPs,
I feel like decentralized IP models
and these ones are going to be the ones
that people are going to use
because they want access to the Ghibli style. They want access to what South Park characters looks like. And I feel
like these, you know, open AIs might have some kind of restrictions in the future once this kind
of gets out of the bottle, man. For sure. They have like, they've nerfed everything.
That's kind of what open AI does is if you've noticed, they drop something and then nerf it.
They're really good at that. It's like a really good marketing play and I get it.
But as far as the Studio Ghibli thing, thing brother if you look on like civ tia or like
into comfy ui and stable diffusion like there's been workflows to do that for like two years
with like stable diffusion and obviously it wasn't as good but now it's it's way better than
opening opening is just really easy it's really easy to log in and be like make this ghibli style but like yeah in a day like if you have basic tech skills you can like navigate
a computer and read uh you can kind of build your own setup if you have a graphics card that's
decent and you can make whatever images in any ip you want there's like south park trained lauras
and workflows uh comfy ui for like image and video generation like that's what all these
platforms are using by the way like runway and like pika labs and all of these platforms they're
using like a comfy ui setup on the back end which like i like i said you can just run that on a
laptop bro and like just make whatever i would even say just to add to that like comfy ui is
awesome but it is fucking it's a bit daunting and auto 1111 is a nice one
to sort of dip your toes into local GAN sort of a local image generation type and it's a nice easy
web user interface that doesn't have as much complexity as comfy UI and once you've sort of
gotten familiar with auto 1111 then making that migration over to comfy UI does make a lot of
sense and it makes a little bit easier I found.
But no, couldn't agree more. It's again, the tech's been around for a good couple of years.
We've been, we had a platform called AI blocks with trained models on Konolk IP and literally let you do image to image.
So you can take your ape and make it look like it's drawn in the style of ONI, you know, all sorts of weird interchanging stuff.
And it's, it's cool tech, but the open source stuff, it is literally powering all of these platforms.
And so you can do everything that you're doing
on a paid platform yourself for free
on your home computer if you can be bothered.
Yeah, I've been finding
a lot of this stuff on that guy on TikTok.
It's powerful websites you don't know about
number 301. That's where I've been finding
all this shit. Dude, those guys are getting paid,
bro. They're getting paid.
I know, but I didn't know. It's just finding where they're at like i didn't know a lot of these these websites even
exist so just like knowing that they exist is half the battle it's like no finding the tool
right in the toolbox so that's where i found uh hulu and pika and all those other art ones from
that guy but yeah you're right they do get look at the models coming out that's the one thing that
you could see is like when a new model drops that same day you'll start seeing trailers from like pika labs from like runway like we just
updated our video model generation and really like it's just an open source model that anybody can
download and use but they have it packaged nicely with a subscription at the end of it right so
that's how they run it baby they got the seashells i got some kind of subscription model right so
um chief i want to let it leave it here for you to end it um there's one thing that we talked
about yesterday was the 6529 memes that were going live this rsonic one uh the mint ended
probably eight hours ago there's 353 of these minted for 0.0698 the last sale was 1.4 e so
a nice 20x on a 6529 open edition collection.
Small collection size, but a nice little 20X, right?
This isn't bear market vibes, right?
Like I know Taproot Wizard's meant to have a high price and it's down,
but you know, Steady Teddy's meant to have a cheap price and people are up 10X.
Same thing with DeFi Dungeons.
People are up.
So it doesn't seem like a bear market.
It seems like there's a lot of opportunities.
Yes, it's not going as parabolic as we were in a bull market,
but there are some wins here.
And I think that if we just stick around and we continue to go here,
I think we'll have enough wins to survive us until we do kind of reverse here.
And I think we're maybe at the end of May, end of June,
is where I kind of see a reversal.
But go ahead, Chief, man.
You got anything else you wanted to talk about before the show ends, man?
I'm kind of dried up for today, man.
Yeah.
I'm going gonna just post
a couple bear stuff up there i mean i don't know where y'all keep getting this bear fucking market
talk from i mean i'm not having a bad i'm having time of my life um proof of liquidity yesterday
the meant that all tda got to participate sold out we gave away 40 whitelists to that shit uh i would say about 80 of the people that were
on the gated first come first serve still hit so it's a good day bro i mean i don't know what
what world y'all are did anybody miss did anybody miss if they upped the gas
no that's what i'm trying to say like 80 of the people all hit and i think that one or two people
didn't do it and that was internet issues not because they didn't know how to do it so that's why i mean like even the extra 20 that we gave away for that
the gated first come first serve got blessed so that's why i said i mean i don't know where
people are upset or i don't know what curate y'all's timelines because my shit's popping
i'm having fun uh yesterday one of the best mints that we were looking for at least uh
it's kind of the next thing, right?
We need to next find the next one.
We got a couple of Bitcoin things coming up, but that was it for a while.
So, GG's to everyone that was on gated first come, first serve.
You guys learned a new trick, how to utilize gas.
We've been sharing.
That would be how to hit on these first come, first serve, right?
Upping your gas. it's an evm chain
etc so if you listen ggs i pinned up a resource up there with just a full list of things that
are coming towards bera we got ivx launching their tokens we have teddy it says the steady
teddy mint but we also have the teddy token tge we. We have Ooga Booga, which is the primary DEX or one of the primary DEX. They're offering a TGE. They were originally going to do it at, excuse me, 30 million. They've dropped it down to 10 to allow people to make some money and play. You got all the triple digit farms. So you guys can check out all the information there. It's just mean that side's not necessarily boring right uh barra chain themselves the foundation did come out with the statement a lot of the
protocols and uh some ship coins right didn't get approved for bgt emissions for this next round
i know that that was one of those biggest things we talk about pol being used as an incentive
people dedicating emissions towards them, you still have to
be approved, right?
The emissions come from the chain itself.
So, Hemlo wasn't approved, Raman wasn't approved, and Barra Chain Foundation actually dropped
a full article saying that they're amending the requirements and kind of clarifying that
they can't just admit BGT as free money, right?
If you're not directly benefiting Bera protocol and ecosystem as a whole, there's no need for the Bera, let's just say, ecosystem to validate or push emissions towards you, right?
So a lot of teams are having to go back to the drawing board, figure out exactly if what they're doing benefits everyone or just them.
And so we'll see how that plays out and then lastly where was it oh okay and then lastly we have a new
opportunity that's coming up over there and it's just Pendle right so Pendle has
been in our platform that offers liquid staking and restaking you could have
did Pendle for Eganlayer, for Athena,
for all these chains that have came up.
They're making their way into Bera.
There's a full guide up top to get first
slash participate in these initial offerings for these pools
for a boosted APR or APY.
So just a little bit more information for you guys to be set up
and prepared to navigate the POL system.
And then lastly, Mempool itself, right?
The actual page that we go to.
That's an open source protocol that's managed by Mononaut.
Well, they added something new, right?
We talk about address poisoning all the time.
This isn't exclusive for Bitcoin,
but it's cool to see this on the Bitcoin side of things just due to the way it works.
Address poisoning is typically, say, will sift the blockchain and find an address that is almost identical to yours. And by that, I mean maybe one or two numbers different. It'll almost be
the same from beginning to end. You never know where it's going to change
from yours. And the goal is they'll send you one cent, a dollar or two. And then when you go send
money out, you just copy and paste because you look at the address and you obviously don't look
at every single character and you send money out. Now there's a pop-up on the Bitcoin side of things
in the mempool that says you're being a victim of address poisoning or mempool poisoning, right?
So you can go and make the changes you need to do within that 10-minute block. So just small
little features that are coming out. And then lastly, PuffPump. I know a lot of the TDA members got one of those. This is the Vape to Earn system. They went public, launched on BearChain, eventually transitioned into doing half Web 2, half Web 3.
you had to buy the NFT and then you'd have to get the assets sent to you, right?
The actual device.
You needed the NFT and the device in order to be able to smoke and earn.
Well, they want to sell the device for the current floor price.
So if they get enough votes, everyone will be refunded that bought the device at $600 plus.
quotes, everyone will be refunded that bought the device at $600 plus, and a new set of devices will
be issued into, let's just say, the ecosystem. And so that sounds good, but ideally, that dilutes
the number of devices that are farming the airdrop, that dilutes the number of, let's just say, people
eligible to receive an airdrop. And ultimately, it's not what the original investors,
me and a bunch of other people that spent the 600 or whatever it was early on,
kind of agreed to, right? We were supposed to have a front kind of a head start. So that's
a proposal that's going live later on today. I know a lot of the TDA members have puffballs.
In a sense, you can make your own decision, right? If you vote no, that means that they are not going to reissue out new devices. If you vote yes,
they will refund out the difference between the floor price and how much we paid originally for
the devices, and they will issue out new devices to anyone that would like one right so in a sense it's detrimental to those
that bought into this thinking it was something so other than that that's all i got you guys be
on the lookout for that if you do have a puff paw right make sure you stake and make sure you're
looking um how this will affect you and your bags but that's it man appreciate you guys for coming
out to daily alpha we host the show tuesday through saturday from
10 15 to 12 so we'll be back tomorrow i'll be on the live stream with bongo tonight at 6 p.m eastern
or 7 p.m eastern 6 o'clock central so guys see you guys start on the live stream and i'll leave
you here for chief to end it see you guys tomorrow appreciate everybody that comes out contributes
um likes retweets comes up on stage, gives or take, contributes.
It means a lot.
It helps us grow TDA with more opportunities.
Also, allowing us to sharpen our school tools, right?
Well, me and X don't know and can't be in all sectors and all niches, so it allows us
to have a better scope of the market and grow together.
As X said, Tuesday through Saturday, 1015 to about
12, 1230. A thread will go out at the end of the show that'll incorporate everything that we talked
about. Use it as a resource as you're doing your own research. It's TDA or Stay Poor. We'll catch
you guys tomorrow. Y'all be safe and have a good one. Thank you.
