Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
THE FUTURE OF CRYPTO
Recorded: July 7, 2023 Duration: 1:33:12Space Recording
Short Summary
The crypto market is experiencing significant developments, including the recovery of NFT prices, the potential approval of Bitcoin ETFs, and the entry of major players like BlackRock. These factors indicate growth and innovation, although regulatory challenges persist, particularly for companies like Binance. Privacy-focused projects like Houdini Swap are gaining traction, reflecting a trend towards enhanced security and anonymity in transactions.
Full Transcription
Let's do this. How are you guys? Sully, what's up?
Doing good, bro. Doing good. You finally decided to turn up.
Man, it's been a while. We haven't done a space together, hasn't it?
It has been a while, bro. You've been absent. Trying to be a star in America, hasn't it?
Ah, because of the show. Where's Begin?
I think this is the first time that me and Begin are active in a space together.
We've been in spaces before.
but never active that is actually true i mean i mean i never uh let me i need to prepare the the
thread for the uh for the sponsors let me do that now hey man i've moved up bro like i don't i'm not
with you anymore silly i'm doing these big crypto town halls now this is big boys club you know i
don't do this are you talking about dj and rubbish some of the united states stuff
What did you say? United States?
Yeah, yeah. You're talking about the program you did in the United States?
Is that what you're talking about?
No, no. I'm talking about the Crypto Town Hall.
That's the tourist space I do with...
Bro, that's not the big show. This is the big league.
This is where we get the big views, shit.
What are you talking about? That's minor leagues, bro.
I don't do the...
This is the Premier League.
The shitty...
This is the Premier League.
The shitty DJ and stuff that you and...
and our friend Big N, dude.
I don't do it as well.
Never talk down in your own space. Come on now.
Ah, you've moved up as well from that shitty DJing stuff, have you?
I was never in there, bro. I've just given a few guidances, bro.
All I know is...
What are you shitting on Big N, bro? He's been working with us for like a month.
Big N's been smashing it.
No, I will say, you need to take fun of my APFP right before this started.
That hurt, okay?
And also, we're above 30 again.
It's like 34, 35, okay?
So things are turning around.
Bro, we're above, oh you're talking about the floor for the apes?
Yeah, floor for apes, we bounced back up, it's going huge, don't worry, back to the moon.
Okay, I thought you were talking about a 30k for bitcoin, so I'm like, I thought you were going to say that, so I'm like, man, bitcoin's up, but you guys are still doing pretty rubbish, so.
Alright, let me send out the tweets.
But yeah man, the NFT ecosystem just got fucked in the last week, hasn't it?
Ja, det har vært litt svært.
Hvis ingenting kommer ut, det er ingen spekulation,
så går det ned i generelt.
Vi liker avslutninger, vi liker ikke ting som blir tilgjengelig.
Så du løser fordelen, boom, det må gå ned.
Sully, hvordan er områdene denne uken?
Hvordan er områdene for threading, i forhold til Twitter?
Ja, de er veldig gode.
I think it's unfortunate that we didn't do the evening one, because remember, we had three different shows.
So we did the finance show, which looked at it from the finance perspective,
then we did the AI show that looked at it from the AI perspective.
And the evening one, I think what I wanted to do was cover it from, you know, my position on this,
that the mainstream media perspective, that this...
Clearly an agenda by the mainstream media to propagate threads significantly.
And you see that from all the articles.
They never talk about any of the negatives that are there.
And then they're bashing Twitter.
So, I mean, literally, when you look at threads, it's like a mainstream media shill attack.
I mean, they're just shilling threads completely without ever talking about any of the negatives.
Obviously, we know about the censorship.
We know about the three-letter industries involved.
So that's a separate point.
And do you use threads or not yet?
Have you tried it?
Yeah, I tried it bro, it's lame
Are you posting on it?
Yeah, posting on it, it's lame
I might give up or I'm getting bored of it now.
I've tried it.
Why? Actually, I'm curious. Why?
Yeah, yeah, I jumped in. I thought, you know what, let's get early.
Because if you get early, you know, it's going to be good.
And then I was there and it's like, I'm not even exaggerating.
It's so boring and it's so much effort.
And there's nerds in there.
But why is it boring? Like, why is Twitter not boring and threads boring?
Well, Twitter, well, truth be told, like the Twitter, you know what, with Twitter, what makes it brilliant is, first of all, the engagement you get.
Obviously.
Obviously I get much more better gauge
But then the type of people you engage with
You engage with better personalities
You engage with people
And then on top of that
You know Twitter spaces
I think it gives it that kind of extra dimension
Which is that you're able to engage with significant people
You're able to talk
And not just your Twitter spaces
Obviously you hold the biggest
But even the
Like smaller Twitter spaces, that kind of engagement that occurs,
you don't get that in, what do you call it, the other one, threads.
And so, I mean, if they bring it up in the future, that's a different story,
but even then, they're well behind.
Yo, yo, we gotta give a shout out to Andrea Conway.
She's a designer at Twitter. I see her in the audience.
She teased everyone with...
Okay, I'm going to actually use that as an opportunity to tell you why.
So I'm not using threads, obviously.
But I'll tell you why I think threads, net-net, it won't be as negative to Twitter as some people think it will be.
And it kind of links back to...
You can actually use that argument. I already told you it's so weak, but okay.
Oh, really? The cannibalization one from Instagram?
Yeah.
Ja, la oss forstå.
La oss fortelle deg hva argumentet er.
For the panel, vi kommer å kikke av showet snart.
Men vi skjønner bare skjønning.
Så argumentet jeg var på å gjøre er at
grunnen til at threadene vokste så mye er at
Instagram-brukere blir pinget.
Det blir promovert på Instagram.
Og når du åpner en Threads-account, er det veldig lekk, du kan logge inn trough Instagram.
Det er sånn jeg logget inn min trough Instagram,
for å forbede folk fra å åpne,
det var noen folk som åpnet lookalike Mario-accounts,
som pretender å være meg.
Så jeg åpnet den, men jeg har ikke brukt den.
Og alt jeg gjorde var å logge inn trough min Instagram.
Så poenget jeg var på, er at Threads vil gi opplevelse
til folk som ikke bruker Twitter,
folk fra Facebook, folk fra Instagram.
Det vil gi dem utslipp til konceptet av Twitter,
slik hvordan Twitter fungerer.
men within Meta's censored ecosystem.
And I think that it won't be as sticky as people make it out to be.
I think this is gonna end up being a bridge, so they're gonna use threads like,
oh, that's interesting.
It's like people using reels on Instagram, like, oh, that's interesting.
And then we go download TikTok.
So I think people will end up long term moving to Twitter.
Twitter will get users from Meta's ecosystem.
Threads will be that bridge from people from one ecosystem to another.
I think in the short term though, that argument doesn't make as much sense.
In the short term, I don't see people, obviously, I don't see Twitter benefiting from threads.
But in the long term, that's my argument.
Why do you think it's weak?
It's weak.
Ok, så vi får se på kommentarskåren, tror du Mario har en stor argument?
Tror du det blir en bridge mot Twitter?
Eller er du i avstand?
Vi ser på dine kommentarer om Mario's weak argument.
By the way, that's the reason I linked it to Andrea.
Andrea, designer at Twitter, massive shoutout.
She did a tweet.
Can you pin it above?
And the tweet was the call function.
that Twitter is introducing.
So it's been teased before, it looks pretty dope.
In the DM section, I can just call someone.
So that's...
I just like the constant features being added to Twitter's ecosystem.
And to kind of link back to my argument,
and we'll kind of wrap up on threads shortly, but...
Bro, the call thing I'm worried about,
like you already literally stalk me 24-7,
now you're going to know when I'm on Twitter.
So the other thing I wanted to add is...
I think Meta is going to continue growing its ecosystem and Twitter will do the same.
Obviously Twitter has got a lot more room for innovation because Twitter in the past hasn't innovated that much.
Så nå er det bare de fyrkene som blir tilgjort.
Og jeg gjorde en hel tweet om dette.
Og det er den fundamentale...
For Mario, threader krever mye innovasjon.
Det er så basert.
Du kan ikke se kurser. Det er mye man ikke kan.
Det er som en dataversjon av hva som er...
Det er fint.
Dette er ingenting som bryr meg, for jeg tror den forskjellen...
It's not the experience or the functionality, it's not what they add to it, whether it has a call function, no call function, is it easy to use.
I think both Twitter and Meta, both are pretty good designers, but the difference between the two is a fundamental difference.
Isn't it because they all moved from Twitter to, isn't that what we're saying, that a lot of these guys took all the Twitter stuff and stole it?
Yeah, they steal from each other, it's not a big deal.
The point I'm making, man...
It's a big deal, bro, it's two in them.
Okay, again, I don't think it's a big deal.
I'll tell you what the important conclusion that I came to is that
the fundamental difference between both ecosystems,
they cannot copy each other.
There's one thing they cannot copy.
Metasensors...
Twitter stands for free speech.
And that will make each experience very, very different,
that I can't see them cannibalize each other's market,
or that I do, but I can see them both coexist,
and people will decide whether they prefer the experience of an uncensored platform,
or let's just not say uncensored, but more of an open platform,
versus a more...
closed-ish ecosystem that's how i see it what do you think man i mean i mean i i do think twitter
censors but just that the um meta censorship is significantly more as well as you've got like
deep state involvement which is hugely problematic problematic
Så det er det som jeg blir bekymrad om i meta.
Men i fall av Twitter, så censurerar Twitter.
De har censurat noen mennesker.
Mennesker som er shadowband.
Det er ingen slags ting som ikke er censurat.
Men det er hvor mye censurering.
Så om det er om grad, så er det en stor forskjell.
Cool, let's kick off the show. So we've got the panel, I've just invited the market analysts for now.
I'll be sending out more invites. Good to have Sam and Erik here for the first time.
I think guys, we've never met, so it's a pleasure to have you.
Great to be here. Thanks guys.
I really appreciate it.
Bragg, I love you.
Bragg, I appreciate it guys. Let's kick off with the market analysis.
WhaleCoin, what's up man?
Hey, what's going on Mario?
Yeah.
How are you?
It's been a while, man. It's been good.
It's been a long time, man. It's been a very long time.
You were there in the early, early days, pre-FTX days.
Pre and post.
I also got to hang out with you in Dubai.
Yeah man, when we had that event.
Alright man, give us a market update.
How are things looking?
Not only for today, but probably for the entire month.
I'd be interested to get a full update.
Because we don't do the crypto spaces that I run, I don't do them as often anymore.
Just because there's not much to cover.
So I like to do them once every week or two.
So give us a general market update.
We've got Wizard here as well to help us with that update.
But go ahead man, kick it off.
Ja, jeg mener at ETF-ene har vant den nyheter i dag.
Det er selvfølgelig andre steder som sker, men mye av min fokus har vært på Bitcoin-ETF-ene,
re-appling av BlackRock, ikke bare BlackRock, men Fidelity, Valkyrie.
Jeg tror at kommunen er ganske vandret på om disse er gode eller dårlige.
Jeg er ultimativt i det fornede kampet.
Jeg tror at dette kommer til å åpne fløde-gater.
Om de er passet, så kommer ETF-ene til å åpne fløde-gater til Bitcoin.
big portion of investors that hold the majority of the wealth, sovereign and pension plans.
I know that there are some strong rebuttals against it, but I really do believe this is going to,
maybe not today, maybe not tomorrow, but eventually prop the price of Bitcoin up back to all-time highs,
and then eventually to 100k.
Now, whether this is a good path to 100k is yet to be seen, right?
Giving this much, or rather, having this much of the Bitcoin liquidity-owned,
by these big companies.
I guess the consequences of that is anyone's guess.
That's kind of...
So, Whale, we're going to talk about the BlackRock ETF as well as the Binance FUD in a bit and the DOJ investigation.
These are like the two...
So I've got like two segments to the show.
The first segment will be the DOJ investigations to Binance.
We're going to also talk about the BlackRock ETFs, one bullish, one bearish piece of news.
And then we're going to dig into, you know, what you guys are all focusing on,
what alpha you'll be looking at for the next bull market.
Just to continue that market analysis, we do have Wendy O and Wizard. Wendy, how are you? It's a pleasure to see you in LA.
I'm doing good. Can you guys hear me?
Vi kan. Hva er du gjør?
Nei, kom igjen. Vi kan ikke være asfalt til hverandre på en live-show.
Jeg og Wendy filmte om Anthony og Ran, og andre filmte en show i L.A.
Det er som en shark tank show.
Where you get projects pitching, it's a web3, it's a crypto show.
And they had a massive team, I think they spent like 1 point something million dollars on productions.
It was an incredible show.
Me, Wendy and Ran headbutted a lot.
So yeah, keep that same spirit here.
But Wendy, give us a quick market update and then we'll go to Wizard.
Okay.
So I don't know, a lot of what I'm seeing is we're just seeing a lot of consolidation as far as Bitcoin goes.
I feel like a lot of people are excited for the BlackRock ETF because they want to grift on that narrative that more money is going to be injected.
I do have a contact that does work over at BlackRock, and I think they're anticipating some money to be injected around the 15th.
Or not the 15th, excuse me, in September. That was a date for something else.
Around like September, August, which makes sense. I've...
pretty confident that it's going to get approved. I don't see
how the SEC would
disapprove that, but as far as what I'm seeing,
we're just seeing a lot of consolidation. A lot of people
are absolutely getting wrecked because they're not utilizing
fundamental analysis and technical
analysis together when trading this stuff.
As far as the NFTs go, a lot
of people are upset and mad that they're
chips are dumping and that's simply because people didn't take profit and they didn't you know
and we talked about this on the show mario the the term community is kind of a meme like
you can have a bunch of people that are in a chat that are hanging out whenever but to have like
the the a lot of these projects are selling the idea of community as an absolute and it's just
ridiculous because what what what utility is that like we need to really look at real life
utility when it comes to nfts so i think things are just kind of at a standstill like
You know, we're going to get some ups and downs.
I do think that the bottom is in.
Personally, I don't necessarily see us going back down below between $16,000.
We could.
There's still a lot of volatility in the market.
We don't know what's going to happen with regulation.
But as far as everything goes, there's still a lot of opportunities in the market.
The spare market is a lot different than what we've seen before.
So I would just be really cautious what you guys do decide to get into.
And, you know, you can trade NFTs just like you would trade...
shitcoins and memecoins. You buy two, you mint two more, and you flip and make profit off of it.
A lot of people are just being really irresponsible with leverage. I have no idea why.
I don't know where they're getting that ideology where it's okay to loan stuff out
and not be aware of the liquidation price or not think that something can go down
and that liquidation price can get hit. It's really irresponsible.
So I feel like folks should be responsible.
Wizard, jeg vil spørre deg en spørsmål, og fortsett med en marked-opdatering.
Du kan gi oss en makro-opdatering, og gå inn i krypto,
begynner med bitcoin og eth, gå inn i alt,
og så inn i NFT som du gjorde i siste show, Wizard.
But also the question I have for you, and I'll go back to Wendy with that same question, is before we dig into the BlackRock, how much of this has been priced in? That's a question that everyone keeps asking, so we'd love to get your thoughts on that question after you give us a market overview, Wizard.
In the meantime, for the audience, I've just pinned, before Wizard goes ahead, I've just pinned the...
The sponsors tweet at the top.
So you can go in there and check the three sponsors that we have for today.
It's actually two of them I know really well, and one of them is a new sponsor I've just met today.
And then you can give us a comment on which one you prefer and why you get a chance to win $1,000 by tonight after the show.
And I'll give you a quick shout out to the three sponsors.
Again.
pretty dope sponsors
today, so the first one is Houdini Swap
they're killing it
we've seen all the hacks
around various bridges
A lot of concerns around privacy when it comes to crypto.
So these guys use Monero to anonymize transactions.
So they've already got $80 million in swap volume,
30,000 plus swaps,
and they've got a major announcement coming later today.
Their metrics are incredible.
Their project's doing really well.
Anyone that's invested is doing really well.
Again, nothing here investment advice.
I'm just saying the project itself is doing well
because they've got their token for the,
I wouldn't call it a...
A mixer, I wouldn't call it a bridge, but it's a mix of both.
So they're the first sponsor, and I'm pretty excited to have them on the show.
Second one, if you've been on the show before, is Ethereum Towers.
We're going to talk about metaverses, and we talk a lot about...
gamifying metaverses and metaverses for various experiences but then for
people to start using a metaverse I think you need to replicate the real
world the physical world in some way and what they've done they've just
essentially replicated the apartment the everyday apartment your home and you
can replicate that into the metaverse and have something similar to what we
have here a space but with a bunch of your friends with a small group so
they're building a fully customizable VR apartment complex on the
on the ethereum blockchain and then the third sponsor it's a really cool one and is amino amino
awards or rewards so amino rewards again the sponsor number three in the pinned tweet above
and they're a blockchain based rewards platform and they've got a lot of users already so the metrics
again they've got 750 000 members telling you the three projects today are freaking epic
De rewerber medlemmer for å betalade i varie aktiviteter.
De har en model som er likvidant til walk to earn, men den måten de har strukturerat,
og vi skal snakke om det i et tag, er at de har fokus på å rewerber medlemmer for å kjøpe.
Det er sånn de har monetiserat medlemmer, det er sånn de har en ressurs for å gjøre den hele modelen fungerende.
And they've got various incredible partnerships, I'll talk about these later.
So these are the three sponsors today, they'll be pitching at the end of the show.
All three of them are pretty cool, so I'm pretty impressed today with the sponsors the team brought on.
But Wizard, back to the show man, give us a market update and then let's get into the BlackRock ETF and whether you think that's been priced in.
Sure, thanks man, thanks for having me.
Yeah, big macro update would be, you know, we had non-farm payrolls,
which is US employment data that comes out once a month, first Friday, 8.30 a.m. EST.
So it came in lower than expected.
So you want it to be, you know...
If it came in too high, then there's a problem that the labor market is still overheated,
so a potential hawkish Fed.
If it comes in too, too low, then there's concern that we're getting too close to a recession,
hard landing instead of soft landing.
So we had a labor market that came out pretty on the screws.
I think it was around 300 expected, and we got a little over 200,000,
which is definitely a miss, but it's not as bad of a miss
where you have to fear a recession at the moment.
The other most important thing was that average hourly earnings ticked up a little bit.
I think it was a little bit higher than expected.
And that's basically a gauge of wage inflation and a pretty big number that the Fed looks at.
So those two are the big numbers.
The market obviously reacted kind of missed,
because obviously a lower number means the Fed won't be as hawkish,
but then the higher number on the average hourly earnings means...
This should be hawkish, so in essence, I would say, it was a mixed number.
So market kind of reacted as just kind of chop around.
In terms of price action on Bitcoin and where we see it going,
my views over here, honestly, the 30k line has been pretty good.
Pretty good support being built over there.
Every time it hits that, it kind of bounces off.
pretty well. I think if you can get
chances to buy on Wix
down below, like I have bids at
29,800, 29,200
all the way to 28,600.
I mean, if you can get some around there
without the
larger structure of this trend breaking,
I think it's a pretty good buy.
The main reason being
whether you want to say the Bitcoin ETF
is priced in or not, I think it's pretty
fair to say that it's not completely
priced in. Reason being is that
when we had the recent news came out
where, you know, the SEC said like,
hey, you need to do some additional work
for these things to be filed in.
You saw a pretty big like market reaction to it.
You know, you saw pretty big red candles pop out
instantly when that news came out.
And all of that reverted
because, you know, let's be honest,
at the end of the day,
Whether you want to say this is all manipulated or not, it seems like the BlackRock ETF and some of these larger funds that are launching their ETFs, it seems like it's pretty certain that they're going to get these executed, given that these are not just some random small exchanges or exchanges like Binance that are like...
have a lot of not great, you know,
favor with the government and with the SEC.
These are BlackRock Fidelity.
I mean, these are the biggest names out there,
and they basically control all the financial system, right,
behind the scenes.
So I'm sure the SEC is going to let them go
and give them that approval.
So I would say, you know, it's not necessarily...
There's obviously a certain amount of it priced in.
I don't think it's really a sell the news kind of thing.
I think it's a gradual build on the trend
that we're seeing more mainstream acceptance,
even though maybe you can say
that decentralization is kind of being taken away
because more regulations are being put in.
So I think that's the way to think about it
in terms of it being priced in.
So net-net, I'm pretty bullish here.
My biggest fear would be
If the market starts pricing in more hikes,
so we have a July hike that's basically priced at this point,
I think we're going to get one more hike by the end of the year, maybe November.
But if we start getting in more than that,
I think that's going to be a little bit of a concern,
because then there's a chance of hard landing that's going to be pretty obvious,
and I think that's going to be a bigger concern out there,
because of the pretty hard recession.
So I think that's to be wary of.
But yeah, I think that's it.
other than that i remember i remember in the previous show we had you and another technical
analysts i think both of you or three of you i can't remember all of you agreed that the 30 30k
mark is really important but a more important mark is a 28k or 28 point something um yeah
i think somebody had said that yeah if it breaks 30k then it's bearish and if it goes up 31k it's
bullish i don't think it's really that i mean if you look at higher time frames
and you know i'm not really a big technical and i
analyst, but if you just look at the chart,
it looks pretty good on a
reversal on higher timeframes.
But yeah, I think if you see pretty strong
volume that pushes it below 28k,
then you'll get a chance
to maybe see a 25k next.
I think you need some pretty big events for that to happen.
The liquidity is pretty good out there.
It's a lot of spot buying.
There's not a crazy amount of long leverage out there.
So I think we just see a little bit of chop here and there,
but we're definitely grinding higher.
So let's see.
But obviously, 32K, that's definitely a line in the sand.
If we break through that, I think we see 35, 38 easy.
But we could hit 32, pull back again down to like 28, 29.
Ja, vi kommer til å dykke inn før vi går til Wendy, og så kommer vi til Erik, Sam og min gode venn Gaurav
til å starte å diskutere de to store pisen av nyheter som dominerer krypto just nå.
Det går litt mot min punkt, Wizard. Jeg tror ikke makro betyr så mye som det gjorde før.
Jeg tror at folk, i krypto iallafall, de er bekymret, de fokuserer på BlackRock.
ETF news, and then in the equities market, I think AI is leading the charge and gaining all the attention moving away from factors.
Yeah, I think that's pretty fair. I think that's what you have seen. If you just run some rolling correlations over the last few months,
one thing you'll see is like, you know, big crypto in general has seen a lot of consolidation over the last few months as Nasdaq has just been ripping up.
Det er på bakgrunnen av teknologi, AI, chip-manufaktører som AMD, Nvidia, Apple, og sånt.
Jeg vet ikke hvor mye energi det har.
Jeg føler at vi er litt overvåldt i denne sektoren.
Men se på markedet. Apple og sånt fortsetter å hitte nye høyder.
Jeg tror at krypto har sett en litt høyere korrelation med gulv.
More so than they did before.
And that can be part of that larger narrative
that Bitcoin is part of a digital gold.
Larry Fink himself called Bitcoin digital gold
in his interview yesterday on Fox.
By the way, I'm seeing, I'm going through the comments,
people are just obsessing over threads.
You guys got to ease up.
Instead of talking about threads,
can you tell me what you think of the market?
Are you bullish, bearish?
Are you sick of crypto?
Are you even in crypto?
I want to see how many people are in crypto in the audience.
So I'm just going through the audience now.
Look at this.
Tell Shakeslam man he needs to get control of the space more.
That's one of the comments.
I apologize, guys.
I'm letting the nerds know.
She's not talking about this space.
She's not talking about this space.
She's talking in general, bro.
You got to control your space.
You got to make sure people don't go loose in your space.
The people are asking.
Du må lære fra starten.
Han vet hvordan man råder i et ordentligt område. Han har vært i OG i länge.
Han har gjort eventer på fysikk,
ikke en random man som Mario liker, som blir en co-host.
with no experience, no credentials
whatsoever.
Oh yeah, you're one of those guys, literally
people are telling me the credentials you need
to run Twitter spaces if you're a clubhouse
OG. I think academic
credentials and all these other things are real credentials.
Yeah, that's what people say, obviously
that's what you mean, yeah. I wasn't a clubhouse
nerd, I have a significant
amount of academic background that I can bring.
Så Wendy, samt fråga til deg før vi begynner å dykke inn i nyheterne.
Jeg vil la deg kommentere på det Wizard sa.
Jeg er bekymret, jeg bare lurer nå, fordi alle kan rulle ut i en utvalg.
Du trenger ingen bakgrunn.
Jeg kommer på utvalget i dag.
Du har ingen, hold på, om du ikke har en grad i utvalget på Twitter,
jeg tror ikke du bør rulle ut utvalget. Det er mitt steg.
Bro, de lar deg rulle ut utvalget, og du er den største.
Bro, I've got a master's in space running.
You know, I've got it since clubhouse days.
I've had it since 1998, bro.
1998 master's in clubhouse
and spaces. Mario is going to be
teaching at Harvard on how to
run a Twitter space properly. Basically,
you click the mute button, make sure the mic is on
and you have good sound. But anyways, I wanted
to, I forget who was speaking. Was it Wizard? I've
Wizard, yeah yeah.
But I wanted to ask about student loans, because we're seeing a lot of that.
There's a program called Slabs, I haven't looked into it enough,
but I feel like a lot of people are saying we're not going to have,
like the stuff that happened in 2008, we might not have a housing crash,
but we might have something with student loans, with credit cards,
because it was a lot easier for people to get access to those
than it was for them to buy houses.
Because back in 2008, you could be like a stripper from God knows where,
or somebody like hustling drugs on the street,
And you were literally able to go in and give them cash and say, I want to buy a house.
That's how easy it was.
And then they included all these laws and regulations after everything crashed and whatnot.
But with student loans, you can be like an 18-year-old kid or 17-and-a-half-year-old kid
that walks in and gets a student loan for God knows how much money,
or with a credit card, and people are just able to rack those up.
And due to COVID, it just kind of got out of control.
So I was curious to hear his thoughts on that.
Yeah, so the big difference over there is, right, is the leverage that was taken on in the mortgage crisis from the banks' hedge funds. So there were like several tiers of the collateralization and securitization of the banks.
the mortgages, the debt flows, the cash flows, right?
So those tiers, tier after tier, like the CDO square and so on,
that's what kind of caused, and even like obviously the evaluation of all that debt,
and the ratings, you know, caused a lot of like...
You know, like a domino effect type of thing,
which, you know, ended up causing, you know,
imploding the whole bubble.
Here, with the student debt, obviously student debt's brutal,
credit card debt's brutal,
but you don't have that similar type of, you know,
tiers of leverage on the leverage, right?
So there's debt out there, but, you know,
like, you know, like,
If you go by like student, like bundled student debt or bundled bonds on all these type of things,
you know, they're being raided like pretty aggressively.
They're being, you know, haircuts are pretty aggressive on that.
You're not seeing that type of craziness like you did in 2008.
So I'm not personally, I mean, maybe people will disagree, but I'm not personally,
and I've not really heard anybody be personally, you know, worried about that in the terms of a short-term market crash.
I think the biggest thing people worry in terms of market crash is purely the fact that if the Fed keeps it high too long,
and Fed decides to raise even more, it could be a Fed-induced recession.
And, you know, Fed's obviously known to go too far there all the time.
There's no...
Inflation was transitory. In the same way, right now, the labor market is fine.
So at some point, the labor market will not be fine.
So I think my bigger concern is seeing labor market unemployment start creeping up to 4%, 4.5%.
I think that's a bigger concern.
I feel like we have to do a whole entire space on this topic,
but when we're talking about the job support and the labor market and all that stuff,
those numbers are not even real.
They don't account for so many people that have second or third jobs,
or people that stop looking.
et cetera.
like, I understand
that these reports are important,
but it's also very hard for me
to take them seriously,
because I feel like a lot of the numbers
are just not,
they're just like making things up
at this point,
and they're changing the different,
they're changing the different sample size
that they're including in it,
so they're not even capturing
the correct data.
But,
That's just my thought.
Yeah, no, that's pretty fair.
I do hear that a lot.
So when it comes to the payrolls number,
so it does account for like participation.
There is a participation number.
So that is monitored,
like how much of the general population
is participating that's not participating.
You know, what kind of jobs,
like, you know, is it leisure jobs,
like waitress, bartenders,
or is it more like manufacturing?
So there is a lot of granularity.
And if you go to bls.gov,
which is like the official,
website you can see you can like dig through like pages and pages of it I
think the bigger concern that is that the way that for example the CPI is
with that
I'm going to jump in just because I know a lot of people in the audience will be this is going to come in for money and go out of the other.
So probably would love you both to come in to Monday morning in the finance space.
We dig into that.
We get into all these metrics.
Guys, I want to talk about Binance, though, because I know that the bullish news is from BlackRock.
And I think we've all of us been a bit too bullish here.
And we haven't talked about one piece of information.
And that's not just Binance, but that's DCG.
så jeg minns i fjellet da ftx var på fall, og vi var en av de første som starte å ringe
alarm på dcg vi hadde andrew kom på og jeg fikk mye slack for det men han var løsning av mye
informasjon han hadde tilgang til dcg data rum og du vet han løste mye informasjon som
surprede mange og simon dixon som er en regulær på show han kom inn han er som mario
du vet vi talte om hvor stor dcg er det er som mario etter ftx fordi ftx var gammal
så det var bare tre store spelere som de tre største spelere er tether
DCG, Binance.
And today we saw
Gemini, Sue, DCG
and Barry Silber
pretty much calling
Barry a fraudster.
And then we're seeing the DOJ investigation into Binance
lead to a lot of resignations.
So we saw, let me just give an overview for the audience
because this is pretty important.
Så CFTC var først til å fynge Binance i marts, og de forstod at Binance ikke fanns til å registrere med CFTC som en kjøpende av FK, eller som en designert kontraktmarked,
at de ikke fanns til å implementere og forstå adekvete risikogjengelighetskontroller, ikke fanns til å forstå adekvete rekorder av sine kredsaktiviteter, og ikke fanns til å engasjere i falske og misledige bestemmelser om sin kompleanse med USA-låten.
I juni vi så SEC subvinern, så det var mye mer seriøst enn det som skapade med Coinbase.
Med Binance, la meg få det ut her.
Coinbase var puret beskydd, de tog samme 48-tidige periode.
Coinbase var beskydd for å operere på kredite utforskningskontakter,
og å offere utforskningskontakter via deres stakingsopperegninger.
Binance var beskydd for de samme to poengene,
men samtidig var de beskydd for fraude,
kormingling av kustomerasseter,
selvhandling og manipulativ handelshandling.
Det er merkelig merkelig annerledes enn det vi så med Coinbase.
Med Binance vet vi, eller vi spekulerer, og jeg er ganske tilfreds å si at vi vet at det er en DOJ-investigasjon i Binance.
Mange av oss har kjent om det i et tag.
De hadde en urgent møte i dag, jeg tror det var i Dubai.
Vi bør kanskje få Bruce til å komme her.
så det var en urgent møte siden han fikk alle hans eksekutiver og så 24 uger etter den møte som
jeg forstår var omkring DOJ-investigasjonen, siden han er sannsynligvis skrivende hva han kjenner, så vi så
generalkonsul han han avslutte siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden siden s
Senior Vice President for Compliance, Stephen Christie, also left the company, and that's after the recent exit of Matthew Price, which is the ex-IRS agent who's in charge of global investigations and intelligence.
Så disse, du vet, Fortune, jeg kommer til å rekorda noen kvålte fra det Fortune-artiklet som avslutter denne informasjonen.
Disse utståelser presenterer en managingsrisik for Binance mot nødvendig regulære press.
De eksekutiver har rapportatelt av CZs handling av en utforskning av DOJ, exakt det som jeg sa.
Og utforskningen, utforskningen av DOJ er regulære evasjon og pengerlåndring.
Og i utstilling til DOJs utforskning,
Binance har regelig en løsning av SEC og FTC, som vi har snakket om,
og vi vet at det er råd om CZ å stå ned, men han har ikke bestemt det.
Først før jeg leser responsene fra Hillman og Chrissy,
vil jeg få inn noen initiale tanker på dette.
Hvor bekymrende er dette for ekosystemet,
å vise hvor komprehensivt utforskningen er,
og hvor seriøse utforskningene er?
Erik, Sam og Gaurav,
jeg vil ha dine tanker på utforskningen.
I honestly think that the main thing here that everyone's thinking about, regardless around the rumors or whatever, why everyone's quitting, is the money there, right?
Is this like FTX, or is this like the money's there, but it's just doing stuff that it wasn't supposed to, commingling them or moving them offshore?
But is the money there, right? The elephant in the room, you know, the 10 billion elephant in the room, is the money there?
And so I think one of the main things to think about is
What is the evidence that the money is not there?
And then what is the evidence that the money is there?
So what we know from reading the actual allegations,
like you said, Mario,
is that the money was moved from Binance US
to offshore subsidies,
whether they were doing market making,
wash trading or whatever it is.
That was obvious, right?
And one of the main things that the SEC actually tried to do is get,
Binance's assets frozen,
but if you guys followed recently,
the actual, basically the compromise was that
they would bring the assets back,
but then Binance's assets wouldn't be frozen
under the custody of the SEC or the US government, right?
And so that, I think, actually is something that highlights
that the money does seem to be there,
it just is not actually...
for the right purposes and not forthcoming, and that's why all those allegations by the SEC and CFTC actually arrived.
Would you say, is a simpler way to say it, at least for the people that are new in crypto,
is it correct to say that this is Binance fucking up in the early days when regulation was lax,
and there were, you know, entrepreneurial break things just to make shit happen,
They've made mistakes back then, but they've cleaned up since,
and now they're facing the consequences of mismanagement a few years ago?
Or did it continue into recent years?
That's the question, right?
Well, the question is, is it that, or is the money gone?
That's the $10 billion question, or is a sizable chunk of the money gone?
Honestly, it's hard to know, but the main thing is that
If the SEC actually succeeded in getting Binance's assets frozen,
I think it would point more to, you know,
they'd be able to have given the judge evidence of like actual missing things
and money being gone so that they need, you know,
the government needs to take direct seizure of whatever's remaining.
And that didn't happen, right?
We know that the compromise was that Binance simply had to move
all of its Binance US assets back to, you know,
United States from, like you were saying, maybe all these subsidiaries in the early days of how it actually operated, you know, it moved stuff around and kind of the move fast and break things.
But it's going to be really, really, really important for everyone to see, is there evidence that the money is gone, right? That's the main thing.
Is there any indication that it is? Because from what I've seen, and I'll go to Erik and go right after, but Sam, from what I've seen, it doesn't look like it.
Yeah, it doesn't look like it so far, right?
That doesn't mean that there doesn't, you know, evidence doesn't come up, right?
Like on one second, you know, on November 7th, right, 2022,
it didn't look like the money was gone on FTX by November 9th.
It looked like almost all of it was gone, right?
So we don't know, right?
But so far, the evidence, so far as of me saying this, right,
there isn't any evidence, you know, unless anyone else wants to chime in.
I just got breaking news by the way.
Who just, I think Goody sent me this.
Someone just lost 700k of assets because of a hack.
The Gutter Gang official Twitter and Gutter's Ricks account
are both compromised and posting drainers.
Second time in two days that a founder and their protocol have both been compromised.
and then zach xbt confirmed they've been hacked and someone just lost 700k worth of assets
and my team is saying there's been a total of one million dollar plus drained in nfts
so it just broke in the last hour or so i appreciate the team sending it through um eric i
want to go back to the um uh to the question i've asked sam is is um for and let me read out some
Some comments from the people that left Twitter.
And they have been a bit funny,
and they're pretty positive as well.
So Patrick Hillman says the following,
Apologies for any typos,
but I was not expecting to be tweeting about this today.
It's true that I'm leaving Binance,
but I'm doing so on good terms.
I continue to respect and support CZ
and grateful for having had an incredible opportunity.
I've been here for two years,
and it's simply time for me to move on.
Two years is not that long.
My wife is literally going to give birth to our second child any hour now, literally.
So the time is right for me to step aside.
I'll continue to cheer on my colleagues and support this industry.
So that's Patrick Hillman.
Steven Christie also does a tweet.
I won't read it all, it's a thread.
We can check it out.
But one thing he says is, where is it?
So he claims it on the following.
Apparently I need to start helping around the house, do chores,
and start making dinner a few times a week.
And as any quote happily married person out there knows,
happy wife equals happy life.
So my departure is far less sensational than any article.
and then the positive notes,
so obviously I don't believe any of those statements and I'm sure it's
related to the investigations,
but Noah Perlman,
who's more important.
We had a few people analyze this that know these executives at Twitter
said the following.
I'm getting lots of calls from media asking if I'm leaving Binance.
The answer is no,
unequivocally no
I'm proud to be part of this incredible organisation
as we navigate the growing pains
of the crypto industry
So Noah Perlman is the chief compliance
officer at Binance
and he's the man that everyone will be watching
and him making that statement
publicly is a great show
of support, but let me give the mic
to you Erik and get your thoughts
Yeah, I think it's certainly a prosecution strategy
from, you know, the SEC side.
It's simply like a playbook.
The fact that we're even talking about it right now,
whether it's by a consultant, whether the assets
are there, you know,
along with
all the allegations that they're making, is
probably, you know, trying to get the public pressure on
doubting and putting
Potentially putting some stress tests onto Binance, perhaps loss of users, loss of deposits,
and loss of confidence.
And there's probably going to be more, and I'm sure there were attempts on the freeze,
there were attempts on different types of methods to try to put more business pressure
onto Binance as an org.
Basically I would say the truth we probably won't know.
whether the asset is there with 100% absolute certainty.
Binance has been around probably longer,
so I would say that it's low likelihood, relatively speaking,
but we could be surprised that they're fully backed
and fully solvent, etc.
But it's all these public discourse,
all these discussions that's kind of ways for the prosecutors
and prosecutors,
basically putting pressure on Binance and forcing them to get the upper hand overall in this process.
I think one... Oh, you go ahead.
Yeah, go ahead. Finish off, man. And then I'm gonna read out a few more updates on this. Go ahead.
Yeah, I think it's really, you know, like Binance is certainly like a big org.
It's very hard for us to imagine, you know, the average churn, even on like a 0.5% or like a 1% perspective.
You know, within Binance, like 8000 people work on, you know, moving around, you know, perhaps, you know, quitting or leaving or firing due to, you know, pressure or work.
So really, like, you know, like, it's very hard for us to know what the truth of the matter is.
But basically, as long as the heads are still there, as long as, you know,
The core execs are still there.
I don't think it's something extremely concerning.
It's not like, you know, when Terra happened.
Yes, so I'll give you an overview
from the space we did earlier today, Erik,
and kind of the conclusion is exactly what you said.
This is expected...
And the fact that Parliament is public about the support is actually a good thing, but this is expected.
At least there's a consensus among, you know, we had an ex-SEC regulator on the earlier space, didn't want to bring him here because I don't want to get too technical.
But the conclusion is, when there's a DOJ investigation, such resignations are not uncommon, but...
It also wouldn't be surprising that some of them become whistleblowers.
Now, CZ did tweet saying,
More FUD about some departures.
Yes, there is turnover at every company,
but the reasons dreamed up by the news are completely wrong.
And it continues there with this tweet.
Adam hits back.
Adam Cochran has been covering this very closely.
If CZ ever took the time to give his side of the story with some detail,
or admit a point or two,
then maybe his PR responses would be credible.
Instead, 100% of the negative news is just, quote,
made up and FUD.
and exaggerations that you should ignore.
No one bats 100.
So that's Adam hitting back on CZ's reply.
Adam also links it to the emergency meeting
they had in Dubai yesterday.
He says, your lawyers and compliance officers only resign if you're really fucked up.
Now, obviously, not everyone agrees with that statement.
Then we've got here another, Fabian tweets the following,
I agree this shouldn't be easily dismissed.
If that's not a huge red flag for more incoming DOG action, I don't know what is.
It's kind of confirmed, DOG action is incoming.
Many of us knew that already.
Legal matters are not my area of expertise,
but I've been thinking about the implications of a criminal charge lately.
We'll share some thoughts in a post.
Og så har vi en interessant uttrykk av Will Clemente.
BlackRock masterplan for approving ender på innom en kjærlighet at Binance er utvandret.
Og om det blir utvandret, så er krypto teknisk bra for å stå på ETF-nivåer.
Den største kryptobottlenecken nå er Binance som en major kjærlighet.
I andre ord, BlackRock kjente at Binance var helt skrudd.
Det er bare ingen proff der.
Og så, til slutt, de utforskningene til FTX.
Ingen dag går av der Binance er i nyheter,
og folk ikke utforskninger til FTX.
i fordelning med Brett Harrison som var CEO av FTX USA
som sa i 2022
i tre måneder før collapseen av FTX
I'm stepping down as president of FTX,
and talks about transferring his responsibilities.
I have deep gratitude for my experience at FTX in the last year and a half.
Growing FTX US with three employees, etc. was great, blah, blah, blah.
It's like a similar emotional farewell.
That was public by Brett,
and people are linking it to what we're seeing now by Binance.
I want to go to you,
for you Gaurav, and if I read quotes to you
SPF says FTX was well capitalized
SPF says Alameda has tons of funds and is in balls deeps
leveraged in Bahamas properties. SPF says whoops
we thought we were well capitalized, I'm so sorry
SPF says oh there was an accidental hole there
in our funds. Again Adam Cochrane taking
jabs at Binance. Are you concerned
that Binance could end up in a similar fate to
FTX because if this is the case
We're pretty fucked if Binance is screwed up that much.
But most of us kind of agree that the two should not be compared.
And Binance has kind of stood the test of the stress test of what we'd call bank runs.
We'd love to get your thoughts, Coravin, how concerned you are.
You want me to answer this again philosophically, like business philosophically, or you want it to be number specific, or incident specific rather?
I'd go with incident specific in this case.
Cool. First of all, Binance, if you look at the way Binance has spent money over the last almost five years of their existence, it's nowhere close to the flamboyancy, extravagance, call it whatever, of FTX.
So it definitely has always acted as a mature company.
business.
I think most of us would agree to that.
So no buying stadiums
and no funding political campaigns
and billions.
That's one.
Second,
If you look at the investment trajectory of Binance,
that alone counts into like not 10,
but actually above 50 billion in already announced profits
with just Polygon and a shit ton of...
You know, largely a one and infrastructure investments.
So it's very different from what FTX had, you know, their investments, like real startup investments started in 2021, 2020.
And obviously it was not in the best shape when they were charged.
I'm not saying Binance is, but it's obviously a lot of Binance investments have seen growth.
more than one bull run.
So they are very well capitalized on the investment
and return
side. So two points
are big enough for that.
But, you know, I was listening
to everyone, and this
has been a conversation between you and me, Mario,
privately, about the
fact that co-mingling of funds and
and various entities moving money amongst themselves
is actually just the tip of the iceberg
that you would want to talk about.
You know, the idea of somebody acting unethically
is not always limited to
the regulated regime, especially in crypto.
So if I were to have 30 entities, 50 entities
that were moving money amongst themselves,
can you imagine what would I be doing in crypto through that entities?
And imagine if I'm one of the largest exchanges in the world
and I'm stepping into my market management as well as my hedge fund
shoes now.
So we have been trading in the market
institutionally since 2016
and there are kind of patterns that
I've always talked about
pretty loudly, but obviously not on media.
If you look at
being...
Being an entity controlling almost 50% and more liquidity in the space,
what can you do with intermingling of funds in crypto?
What can you do with intermingling of funds of multiple accounts
on that exchange that you run?
We have personally witnessed, we have recorded history
of about 60 accounts trading amongst themselves,
like the largest accounts volumes done,
on Binance by just about 60 accounts.
Like these accounts mark the bottom of the market,
they mark the high of the market,
before even it's identified.
But when you use the term commingling of funds,
I just want to, because a lot of people,
as soon as they hear commingling of funds,
they link it to FTX.
But not all commingling is equal.
Så det er det du gjør med de fondene.
Så om Binance har bevægt pengene, det er det punktet du har gjort,
og jeg tror vi har diskutert dette,
om Binance bevæger pengene mellom de ulike entiteterne,
for ulike grunner,
og du vet dem kanskje bedre,
så Gorav er kanskje den største, eller en av de største inkubatørene i krypto,
har vært i denne området siden Satochi.
Så Gorav, mange av dine klienter gjør dette,
jeg er sikker på at du gjør dette i dine firmaer,
If you commingle funds and then you use those to buy properties in Bahamas, it's different to commingling funds but holding them there on behalf of the users.
Can you kind of make that distinction for the audience so they don't compare directly to FTX as soon as people hear commingling of funds?
Yes.
Exactly. I'm saying the commingling of funds at the crypto level operating the largest exchange for the last five years is very different from, you know, simply buying.
I mean, if you look at the charges in the sheet of SEC accounting declaration, 11 million for a Hong Kong yacht.
I mean, really, if you have made your billions, you would know you're billionaires.
never want to buy an 11 million yard unless
you're extremely frugal, probably like
But, you know,
424 million from Coinbase,
we're talking about 20 billion dollars
in single trade,
in single transfers to CZ's
account. We're talking about hundreds of
literally hundreds of billions in crypto movement.
So I'm not even concerned about the charges made here.
So yes, definitely these are not even close to,
this co-mingling of fund is not even close to what FTX did.
FTX was trying to pump and show that
their numbers and and to win over the industry you know with the storm with
the kind of plays they had binance is an opposite binance makes a
huge sum of money within the exchange like
within the exchange uh and simply by positioning themselves on the trade
i mean you have to start looking at things
from a market leader point of view
than FTX.
FTX was not the market leader.
It was a great marketer
and it was actually pushing more money
into marketing
of positioning themselves higher
than they were.
While Binance is exploiting
or would,
I wouldn't say is,
would exploit
exploit their position from a very different perspective.
Owning a majority of liquidity in crypto
gives you the power to control the prices
of not just shitcoin, but even bitcoin.
Running the largest futures...
Så, jeg vil bare, Gaurav, før jeg går til Larry Fink i BlackRock,
for jeg vil ha noen gode nyheter.
Jeg vil gi en shout-out til meg og Gaurav som er veldig klare vennar,
men også partner i business.
Så Gaurav råder en stor inkubator kallet TDFi,
som også har en launchpad kallet TDX.
And we've partnered on that launchpad, we've never announced it publicly and we are now.
So TDX, first make sure you follow Gaurav if you're on crypto.
Highly recommended, I don't know if he uses Twitter, as far as I know Bailey uses it.
But also I want to take this opportunity to talk about TDX.
Actually Gaurav, maybe give you 20 seconds to tell us about TDX before we continue the discussion.
Because it's something we've been working on for a long time and we're pretty excited to finally announce it.
So do you want to tell us what TDX is, maybe a few numbers?
to impress the audience before we continue with the show?
Yeah, I'll leave the longer introduction
to the TDX account itself,
which is here amongst the listeners.
But I'll give you a more philosophical view
from a chairman of the group perspective.
Our perspective at TDX
is to achieve the mission of decentralization of power
and decentralization of wealth through crypto.
And being an incubator,
we are there early in the deals.
So we want, you know,
to take these deals out straight away to the retail audience.
I've been a VC and investor for 14 days.
My companies are going IPO almost every year
from the equity point of view.
So I've seen the whole lifetime of startups
taking money from institutions and VCs,
and then these VCs actually making their own money,
like as the name says, VC,
they're here to make money,
they have nothing else to do with that.
And they take their exit in the public markets,
which is called the exit liquidity more often than not.
Crypto, however, is here to change things.
Mario told me,
You guys that have been here before Satoshi, so I was actually planning with Satoshi to how to decentralize wealth. It wasn't done well with Bitcoin. I mean, it was done, but now it has been, you know, a
Accumulated by larger institutions, but we can do that again through shitcoins as they call it, through smaller startups, giving away their tokens to larger audience, you know, in $10, $100 pieces, and then grow instead of institutions, you know, dumping their stocks over the retail audience.
That's the vision we want to achieve.
Similar to what, you know, I kind of linked this to Larry Fink's interview on Fox.
So we're democratizing access to these early investments that VCs usually have access to.
Well, Larry Fink talks, Larry Fink said the following, and this is where it gets really bullish.
So Larry Fink, CEO of BlackRock, and I'm not going to tell you who BlackRock is.
If you don't know who BlackRock is, you've got a problem.
The attempt in terms of what we're trying to do with crypto is to make it more democratized.
med all krypto, og gjøre det mye kjøpere for investerere.
Nå er bid-ask-spreadet for krypto veldig kvar, så han snakker om å forbedre tilgjengeligheten for krypto.
En annen ting som er interessant i Larry Finkes intervju på Fox, og det er det som blir veldig spennende for krypto,
Again, this is the biggest asset manager in the world.
He says the following,
We're a believer in digitization of products.
ETFs was a big revolution for mutual fund industry,
and it's really taking over the mutual fund industry.
And we do believe that if we can create more tokenization of assets and securities,
and that's what Bitcoin is,
it could revolutionize, again, finance.
So I want to go to Houdini.
Houdini, I want to get your thoughts on the whole discussion around Binance.
Og så får du kommentarer på Larry Finkes intervju på Fox,
og BlackRock ETF, og hva det kan bety for ekosystemet.
For jeg tenker genuint med alt vi ser, at ting ser ut som bulliske.
Vi har alltid snakket, det er det jeg har satt i headingen,
vi har alltid snakket om at høret kommer, høret kommer tilbake i 2017.
Hva større høret er der annet enn BlackRock?
Ja, ja, 100%.
100%.
Og se, tilbake til Binance-tittetet med CZ,
de putte ut en ordre for å frisere Binance-tittet,
og en uke senere, det ble avsluttet.
Hvis de hadde noe på CZ,
hvis de hadde noe tangibel om kongelingen av assetter,
Those funds would have been frozen.
And they went deep.
Let's not forget how deep they went.
They went so deep that they found messages of CZ
talking to his colleagues saying,
we're an unregulated exchange, bro.
Like, that's how deep they went.
They uncovered that,
and they still couldn't find any evidence of commingling,
at least sufficient enough,
to put Binance's assets on freeze.
And so,
What that translates to, like my take on that at least, is this is a scare tactic.
They're trying to get CZ to step down.
They're trying to spread fear and contagion in the market.
They're trying to push crypto out of their country, frankly.
And the fact that they failed at that to some extent, CZ has stepped up, not stepped down, and
And crypto has now got Larry Fink filing for ETFs.
It's having the opposite effect,
and I wonder what the conversations are like internally to defend that.
Laet me jump in the back as well. I want to get your thoughts on the BlackRock ETFs.
ETFs, because they've just refiled after the SEC flagged a few floors.
And I think they're working with Coinbase as well as the Custodian.
Would love to get your thoughts on this.
Let me play a quick clip as well of Larry Fink's interview.
It's an interesting one that Tyler Winklevoss tweeted this. Let me play it.
Wait, I think he compares Bitcoin to digital gold. Let me play this.
And also I do believe the role of crypto is digitizing gold in many ways.
Instead of investing in gold as a hedge against inflation,
a hedge against the onerous problems of any one country,
or the devaluation of your currency, whatever country you're in,
Let's be clear, bitcoin is an international asset.
It's not based on any one currency.
And so it can represent an asset that people can play as an alternative.
I would call it, the foundation of BlackRock is about hope.
Invest for retirement because you believe tomorrow is better than today.
And this is really, that reference to hope is really interesting
because it links to our friend, who was talking, who owns hope.com?
Who was it?
Michael Saylor.
Michael Saylor, yeah, sorry.
Michael Saylor.
And then there was the rumors that Michael Saylor is behind the scenes
advising Larry Fink.
Someone was jumping in, I think it was you back.
We'd love to get your thoughts on the BlackRock ETF.
Yes.
Yeah, yeah, Mario, thanks for letting me jump in.
I think the one thing that's interesting about this whole ETF talk
is the surveillance sharing agreement that the SEC wants, right?
And I think, like, I'm looking at CoinMarketCap, right?
Binance is still the dominant volume maker for Bitcoin
versus Coinbase and, like, KuCoin or Kraken.
And I was reading...
the actual filing of what this surveillance sharing agreement was.
And I think in context, it essentially allows the SEC to know
if someone is manipulating the market.
And I really wonder, with the SEC suing Coinbase
for being an unregistered national exchange or so,
and also Binance not being also sued the same way,
I wonder...
If this surveillance sharing agreement is going to be significant enough for the SEC to essentially look the other way, because I feel like for the last, I don't know how many ETFs have been filed in the previous past, but they've all been denied because of this concern of market manipulation.
I really don't see how this...
Tingene har forandrat.
Argumentet om at BlackRock ikke skulle filere,
til de trodde at det skulle gå.
De har filert 576 applikasjon for et ETF.
En ene har faltet, og den har en interessant historie.
En ene har faltet.
Alle andre ble opprøvde.
Yeah, but Mario, I feel like if you agree with that narrative, you kind of have to agree with the conspiracy theory that BlackRock controls the government.
I don't really go with that.
I want to say control doesn't have to be control, but at least have some influence.
I always try to find it in the middle, man.
They have over $9 trillion in assets under management, man.
They can buy crypto.
Crypto, all of crypto.
Many times over.
I was hearing your conversation back, right?
I think if there is that conspiracy theory
that they're trying to knock out Binance,
then it will make Coinbase that significant market size
where the surveillance agreement...
I don't think...
That one, I wouldn't go with it.
I like that one because it's interesting
and some people do like conspiracies.
I don't go with that conspiracy,
but I do think that BlackRock applying...
If BlackRock doesn't succeed,
something is off.
But I would say the reason they didn't succeed is because of this surveillance sharing agreement, right?
Because you can still manipulate the price of Bitcoin on, say, like Binance and all the other exchanges that are not within that fold.
And then I think that's the problem with the SEC right now.
Because if they do agree on releasing this ETF...
It could wreck people, right? Because now you will see teacher funds, retirement funds adding Bitcoin into their portfolio.
And it becomes problematic if Bitcoin can be manipulated on these other exchanges.
Ok, vi får se. Jeg håper du er feil. Erik, hva tror du?
Ja, for starters, Bitcoin-UTF, særlig sponsorerat av en mer tradisional, mer grann finansiell institut,
er sannolikt den største bo-driver, eller noe som du vil kalla det, de neste få årene.
Og ennå det sker, uansett hvilken slags prising folk forbereder før listingen,
det vil aldri kunne forberede,
men det vil forberede i forberedning av full effekt av å ha en Bitcoin-spot ETF som er backad av BlackRock.
Men samtidig er det også en av de mest børende catalystene.
Og dette betyr at du ikke kommer til å se en gigantisk spike i det generelle,
makropriser, du ser en slå trend.
Og grunnen til dette er at det er en slå injekting av kapital,
tilgjengelse til investeringsfond, kraft,
og mer viktig, folk kan ta med seg i deres IRA-konto
eller investeringskonto, i den mest integrerte måten.
Så definitivt, ekstremt utmattende,
selv om det ikke nødvendigvis er
problemet omkring hvem vi kjøper,
men jeg tror det kommer å være nettspositivt
for hele området.
Vi har sett dette i passet,
med bitcoin på stort sett
med positivt premium, utenom det som det er nå.
Så det har sikkert en veldig stark effekt
i tanke på vår kapital.
BlackRock har en rolle, men jeg har prøvd å stå bort fra spekulationer og ting som kan stå på grunn av en konspirasioteri.
Jeg skulle si at noe slags ny anordning som blir anordnet til US-baserte plattformer eller som prøver å anordne lokal regling,
sånne slags aktiviteter er forventet.
You probably want to draft up frameworks or different plans with these regulators.
And the timing of it, it could just be weird, or it could just be a coincidence.
Maybe they're just incompetent in having a full response.
I think unless there's more evidence, it's safer and easier to just put it at face value.
I want to go to Wales.
Hva betyr det,
om vi får etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-etf-
And then NFTs just get slaughtered.
It's not like all of crypto is doing well.
How do you see all the various asset classes get impacted
if BlackRock does, we get our first Bitcoin ETF?
I think Erik nailed everything I wanted to say, and probably much more eloquently and with much more detail than I would have.
But just to piggyback on top of him, I don't think that the spot ETF news is baked in much at all.
If I sit around a table with my family, for example, and many of them have their money in investment accounts, have financial advisors,
and they bring up, hey, have you heard about the spot ETF? Have you heard about the Bitcoin spot ETF? None of them have heard about it.
Så, jeg tror at, som Erik sa, det kommer til å bli en liten dripp, men over tid, om du begynner å logge inn i din Fidelity-akkaunt, eller du logger inn i en annen investeringsakkaunt, eller du snakker med din finansadviser, og dette blir en option, så blir folk mer åpen til å allokere en eller to procent av
eller merre 50-100 basispointer av der totale portfølje til bitcoin.
Så, og jeg tror at resten av det er
å se på forfælde trender med dette markedet.
Hvis bitcoins prist går til, jeg vet ikke, 100k eller 300k,
så har vi sett hva som hender med resten av markedet.
Det både tråder ned til altcoins, shitcoins, memecoins,
og alt annet under sunnet.
Så det er litt av det jeg spekulerer.
Josh, how are you man?
Hey Mario, doing well, how about you?
Yeah, good man, good. I don't know what the hell's going on.
You guys are all over the news.
I was trying to get, Tyler got me to, I think it was Tyler that got me to,
trying to get Barry into a space.
So I won't get into this mess, Josh.
I saw the thread earlier today, we were digging into it.
I can't comment much on that.
I know, I know.
We're talking about the ETF stuff.
Exactly, exactly.
I won't put you on the spot there,
but holy shit, guys.
Tyler and Cameron is just going apeshit on Barry.
But Josh,
without getting to the DCDC discussion,
I want to kind of move away
from going too deep into the Binance and BlackRock,
whether it's going to pass or not pass,
and what it means for crypto in general,
what it means for the metaverse market,
narrative? What does it mean for NFTs?
What does it mean for, obviously for
Bitcoin?
Yeah, well, I mean, I think from a flow perspective, right?
I agree with the speaker before who said,
hey, people start allocating perhaps, say, 1% to 5% of their portfolio.
And you're talking about a massive market there.
You're talking about trillions of dollars, right?
So even a small percentage really starts to add up.
And when you look at BTC and crypto markets in general...
It's very liquid, but there isn't the most depth, at least compared to traditional markets.
So that's definitely going to result in price pressure, right?
And you'd assume lots of positive upward price pressure from this specific ETF flows.
Yeah.
Cool man. I'm just going to get one more speaker trying to come up.
Now we talk, say, in the crypto space, NFTs, you'll probably see some price inflation there as well, right, as spot prices increase.
Josh, and what are your thoughts on DCG?
Ha ha ha!
No comment, I think.
You know what, it's all good to put out there,
and I'm happy to see a lot of this stuff come to light,
and I'll be there.
Yeah, but I remember,
do you remember, were you there when we did our big space,
you remember the FTX days,
and do you remember when we brought in Andrew,
who just loves to leak shit,
and we did a space on DCG before Barry came out
and talked about the haul they had there,
Og så begynte nyheten å stå på.
Har du glemt denne tidsspasen vi har?
Læste du på den, eller kom den på dine høyder?
Hvornår snakker du?
Er du snakking om november, oktober?
Bare før Barry kom på publikum,
og DCG...
Det var litt bråttom da.
Ok, ok, så det var kanskje da jeg fikk de fleste kryptoer som jeg kallte DCG.
Jeg kallte dem ikke selv, men Andrew kom og kallte dem i min område.
Men, ja, Josh, jeg har lyst til å komme på.
Og jeg har prøvd å få noen kommentarer fra deg.
Ok, så jeg kommer til å...
Så Houdini, gi oss dine snakke, for jeg vil komme i denne seksjonen.
Vi har våre jødse her. Vi har tre gode projekter som vi skal pitche i dag.
Men HoudiniSwap, som du har svart ditt spørsmål,
rett etter at du har svart ditt spørsmål,
i stedet for at jeg snakker om det du har gjort,
jeg vil gi deg 20 sekunder som du vil fortelle oss om HoudiniSwap.
Sjo, ok, togje tolkele topeks av det jeg skulle nevne, men bare på BlackRock,
den BlackRock-kvesten du var pågående om makrotrenden,
jeg synes det er viktig å høylighte hvilke investerare eller penger dette tar i denne området.
And it's very different than bringing in new utility, right?
So new utility to Bitcoin creates more velocity,
it creates more people buying, selling, creates more markets.
This type of spot ETF investment, or money coming in,
er veldig annorlunda, fordi det er folk som kommer til å kjøpe for å holde.
Folk som kommer til å kjøpe, som du sa, for å ta med i deres Roth,
for å ta med i ... Det kommer til å være pensionsplaner som holder det som en del av deres allokasjon.
Dette er bitcoin som sannsynligvis kommer til å bli tatt ut av markedet
og ta med i storasjon. Og det er der du ser den store oppfattningen komme.
I bitcoin spesifikt, det er ikke av merkelig merkelig utili, det er ikke av alle disse ulike måtene til å kjøpe, sælge, kjøpe og skapa markeder.
Det er av å holde, av å hodla. Og det er det som denne BlackRock ETF tar.
Det tar en helt ny pakke.
av investering.
Super farlig for bitcoin.
Og det blir ikke engang fornøyd.
Jeg tror det blir en veldig kraftig oppfattning av det beste.
Ja, vi har hatt, vi har hatt,
du vet,
ganske alle du kan forstå,
diskutere dette på Cryptotown Hall Space som vi gjorde tidligere i dag med Ryan og Scott.
And again, we've had a bunch of lawyers, a bunch of attorneys, and John Reed Stark, ex-SEC, who's always on the show.
And we've also had an expert, I forgot his name, but he's an expert when it comes to ETFs in general.
Now, his comments were interesting. He was like kind of 50-50 on whether it will pass.
All speakers agreed across the board that it hasn't been fully priced in.
og det er veldig, veldig, veldig, veldig bråkig for krypto
og det er en massiv stepp i riktig direksjon
Rand er alltid mer bråkig enn meg
men i dette fallet tror han at bullrun har begynt
Men det kommer ikke å påverka alle klasse i samme tid.
Bitcoin kommer til å bli den første vinner.
Det kommer sannsynligvis å ligge.
Jeg vil spørre Wizard.
Wizard var her tidligere.
Jeg ville spørre ham fordi jeg var å se videoer
og skulle utvide meg.
Begripp, er du der?
Selvfølgelig er jeg.
Hey shit man, look bro, look what's happening with meme coins.
Because one of the videos was talking about how meme coins are still pumping.
I think it was...
Hva er hans navn? Ivan, Ivan on Tech.
Han tala om en av sine videoer, som er memecoin, og nå er det copycats som kaller dem V2.
Ja, den var allerede død.
Det var der for en sekund.
Folk sa at du kan si 2.0 eller 3.0, og det var pumpende, men det var en av de fleste døde metas.
Hvis du sier 2.0 på mine DMs nå, du blir lagt ut.
How long did the meta last? I'm curious.
I don't know, maybe like two, three days it felt like, but I wasn't right away.
You guys are fucking mental.
That was pretty good though.
You guys are fucking mental.
Yeah, it was a pretty long one. You're right actually, never mind, sorry. It was a good one.
No, but just for the audience, so meme coins are like the dirty side of crypto.
I'm not saying dirty in a bad way, but in a bad way.
So it's like the naughty side of crypto.
Yeah, so it's just that coins that don't have real value, and they're generally pump and dumps.
In most cases, they're pump and dumps.
Og så kom Pepe 2.0, og det begynte, ingen jokk, det begynte en trend av 2.0.
Så alt de gjorde var å kopiere Shiba Inu eller Doge eller noen annen memecoin,
og så tilføye 2.0 etter det, og det ble en ny token.
Og så pumpet det, og det var dømt.
Og det var faktisk, jeg hadde ingen idé til i dag da jeg var å se Ivan on Tech.
Så jeg hadde ingen idé at det var noe.
Så jeg tror at ETF-etf vil tilbyte bitcoin.
Jeg tror at det vil tilbyte ethereum også.
Nå, vi kan se penger flytta inn i altere også, eller senere.
Og kanskje noen blue chip NFTs, men jeg tror at det vil være de siste
Men, memecoins er i stedet nede i listet i sluttet av kva capital utvide, men igjen,
kan jeg være helt feil, og det kan pumpa inn i stedet for alt annet.
Bak, noen fyrre ord før vi kikker ut av pittet?
Ja, Mario, jeg tror at poenget mitt som jeg var på å gjøre, da jeg var på død,
If you look at the last news about the refiling,
when we saw that huge dip down,
where the SEC,
I think it was the SEC representative saying that
the fines were inadequate.
The reason why they were inadequate
was because of the surveillance sharing agreement.
I think the only real chance that these ETFs have a
a chance of passing
is if Binance is also included
in that. Hold on, why can't
Coinbase fill that gap? Why do they need
Binance? Because Coinbase is not
a significant market of Bitcoin, right?
If you look at the raw trading
volume, Coinbase comes in as
a debatable second
or number two in
i form av markkvarandet.
Jeg tror virkelig at vi kommer til å få dyrt
og det blir ikke oppført pga det faktet.
Jeg tror at mange mennesker er på skjønning
på hvorfor denne samarbeid-avgjørelsen var en stor greie
og hvorfor denne kommentaren om at det var inadekvit
kan skade oss i fremtiden.
Takk for å døde det for oss, mann.
Nei, nei, ikke alls.
Jeg tror bare at hver enkelt tid som SP er forstått,
og det har alltid vært pga denne marktmanipulationen,
det er ikke nokt forståelse som de kan gjøre.
Nei, fair komment.
La meg gi...
Jeg elsker at vi har Adrian her også,
for å gi oss sin marktanalys.
Det har vært lenge vi ikke har had Adrian på stedet,
så det blir bra å få hans tanker på marktet.
Kanskje han ikke er så bråkig som alle andre.
Først, la meg gi en annen kvikk kjatt til sportforskningen,
sponsor. So reminder, the pinned tweet above, it's already getting a lot of engagement.
It's got all the sponsors there. You can go in there, choose your favorite, comment and tell us why it's your favorite
for a chance to win $1,000. So check the pinned tweet. It's the last tweet on my account.
And it's got all three sponsors listed there.
As the first sponsor who's on stage, I'll do the shoutout for them.
I hope I do them justice because they're a pretty great project.
So they're a bridge across, and I use them as a bridge.
They're used as a bridge across 20 plus blockchain.
They have two main advantages.
Bridging, so allow you to use different blockchains interchangeably.
And privacy, which is obviously a big problem when it comes to crypto.
They are completely, so they are a big advantage, and what makes them, you know, as soon as he is bridging, he is like, fuck, we have seen all these hacks, there was a big hack yesterday, why should we trust this one?
Where they are completely non-custodial, and they will talk about this in a bit.
So they are essentially an aggregator of non-custodial exchanges.
So they have got a big announcement coming up, but they have a pretty good solution, and the numbers kind of speak for themselves.
I can't remember what the numbers are, I think I put them in the tweet, let me check where it is, oh there they are.
So they've got already 80 million dollars in swap volume since January with 30,000 plus swaps, and they do use Monero to anonymize transactions.
They've raised very little money and they've had a pretty successful launch, they're still doing extremely well.
I think today's good job, they've done pretty good today, and I'm guessing your announcement that you'll be giving shortly might have leaked already.
Den andre sponsor er våre vennar, Ethereum Towers. De har vært på showet før.
De har en veldig stor metaversprojekt som essensiellt replikerar en hjem i metaversen.
Det gjør det veldig lekkert for folk å migrere.
Metaversen og Ethereum Towers er bare en del av etheerum-verdenen de bygger.
So it's a fully customizable VR apartment complex. Check them out. They've been on the show before. They'll be pitching next.
And then the third pitch of the day, the final pitch, is Amino Rewards.
And what surprised me when I first heard Rewards, I'm like, it doesn't sound that exciting.
But then when I saw their numbers, 750,000 members.
Og de har utrolig gode samarbeid, som de skal snakke om i sin pitch.
Når jeg så på Movet2Earn, som vanligvis er en ondannående modell,
men de har bygget det på en veldig interessant måte,
der Movet2Earn ble brukt som en måte å kjøpe kjøpere,
og så fokuset, eller ekosystemet, på å utforske kjøpere,
som kan være ganske monetisert for blockchain.
Denne modellen lagde mye merker. Dette er trene sponsorene for dag.
Klikk dem ut i pin-tweetet bak.
Og klart, vi har vår partner TDX.
Vi har fjellt en avgjøring. CEO-en er her på stedet, min gode venn Gaurav Dubey.
Jeg har forsøkt å ta opp eit eget eget e-konto, men det kom ikke ut.
Så TDX Launchpad er deres kastning.
Du bør kjekk det ut. Det er TDX Launchpad.
All right, let's kick off the market analysis with Adrian, and then we'll do the three pitches, and then we'll wrap up the show.
Adrian, what's up, my man? Are you next to me in Dubai, in that building right next to my hotel?
Hey, Mario. I'm actually in Portugal right now.
Cool, that sucks. Good man, good, long time.
How are the markets looking? Are you as bullish as everyone else I've spoken to in the last few short scenes?
Everyone is bullish, everyone I speak to.
I'm not sure if it's BlackRock, it's Larry's interview,
or they just saw enough blood that they can't expect more blood in the waters.
What do you think, man?
Oh man, like if everyone is bullish, that's good,
because we make things work, even if they don't exist,
even if they exist in our heads, you know,
we just make it work, make it executed.
Så, eventuelt, om alle tror at det er dyrt,
det kan bli dyrt mer.
I stedet for dette,
jeg har visset å løye på opinionene,
og jeg ville alltid løye på noe som har hatt skjedd,
som er annars kallt fakt.
Faktet er at
that bitcoin has grown 100 on average uh well be volley to that to the peak uh right so so it's
it's like this is the fact and that things you know do not necessarily happen persistently or
you know the series of several months in the bear markets so the primary bull market trend uh the
primary trend 200-day moving average you know technically shows you the actual
filtert en synkronisering av prisen, slik at vi ser på direksjonen av det, hvordan det skapar seg, slik at vi kan
associe det med det primære bullmarkedet eller bear-markedet.
Ingenfra 2023 har vi tittat på markedsrotasjonen til oppsida, tradisjonal finans er bolig,
tradisjonal finans, denne markedsfasen leder ekonomisk syklen på 600 måneder, så eventuelt
The uplifting trends on the stock market side eventually translates to improvement in the economy, right?
The markets actually, you know, again, by the leadership just make the economy worse or better.
Vi har den mest boliske konteksten over de 84 år, det var bare en gang pre-eleksjon i år, så vi har 83-84 odds, 98% av kansen at denne årskvaliteten er boliske over de 84 år, så det er numre som har strekt seg gjennom denne tidslinjen.
That's not accidental. And for Bitcoin, you know, being hot at $600 billion market right now, it's impossible to move accidentally and by coincidence, you know, for six months straight up.
Just, you know, ignoring local, local turbulence that is just tertiary noise.
Så, ja, trendet er farlig, boljmarkedet er her, finansforskningen blir mer farlig,
nye krav er med, Nasdaq er nødvendig.
Alle er farlige, man. Alle er farlige.
Ja, jeg kommer ikke til å gi deg en berrening i 2020.
Sikt, sikt. Den siste gang vi talte var en lang tid før, du var mye mer farlig.
Men det var en veldig lang tid før.
Jeg er glad at du er farlig, man, og jeg vil tilføye at jeg ikke er så farlig.
Alltså, la oss kikke av med pittet. Goody, er du med meg?
Ja, jeg er her.
Alltså, bro, skal du forberede din timer?
Always.
Alright, cool. We've got Dubzy here, we've got Champ, we've still got Sam, we've got you, Goody,
and of course we've got the man, the myth, the legend, Big N himself, that will be here helping us judge the pitches.
HoudiniSwap, you guys are first. Goody, do you want to do the timer?
Just a reminder, the top G's here, but also, separate to that, we're going to decide...
Bro, you don't even know what crypto means, bro.
Bro, I know what crypto means. I've been smashing your boys on these crypto spaces.
Define crypto in one sentence.
Right, listen, one second bro.
Define crypto in one sentence.
Scam.
Right.
So, I'll define it in a word.
So, listen, what about the thousand dollars?
So, listen, last time, right, we gave a thousand dollars away and some nerd won it.
He kept on messaging me, right?
And I obviously sent it to you guys.
And he was hoping I'd reply, but look, you won your thousand dollars, you're not going to get a reply from me.
So, okay.
Basically, moral of the story, get in the comments, choose which of these three projects is the best, and the best comment will be chosen, and you'll get $1,000.
Ja, det ser ut som mange av de folk som kommenterer i denne området.
Du kan kommentere, vi går gjennom kommenterene, men vi prefer
om du kommenterer i pinned tweetet i forhånd, fordi alle sponsere er listet der.
Så om du kikker på pinned tweetet i forhånd,
det er tre sponsere, valg den beste, og ber oss hvorfor det er din beste projekt.
Og igjen, jeg ville gjøre det på alle måter, selv om det ikke er så mye.
Ja, det er en god idé, så vi kikker på pinned tweetet fordi det gir deg detaljer om sponsere i forhånd.
Takk, mann.
Så, så, så, så, check him out, because they're actually pretty dope sponsors today, and I mean it, I'm pretty direct.
Så, yeah, goodie, let's do the timer, I apologize for my man Suli, and let's do the timer, let's get Houdini to do the first pitch.
I'm used to Suli interrupting, so whenever Houdini's ready to go.
Alright, do it, no Goody, that's not how it works bro, you go 5, you go 3, 2, 1, go, do it Goody.
Oh Goody, put me to sleep bro, put some in there, talk to him, say Houdini are you ready bro?
5, 4, 3, 2, 1, ignore Sule and go.
My name is Lou and I'm the chief wizard at HoudiniSwap.
The crypto ecosystem has become too comfortable walking around naked.
Let me explain.
I fiat systems, når du går til å kjøpe kaffe, du tar ikke på stort hand barista ditt bankstatement.
Mario, det offentlige ser ut til å kjenne mye om deg, men de kan ikke finne ut hvor mye pengar du har i ditt personlige fiat bankkont.
Om krypto blir en global digital betalingsystem, må privasjon vokse, fordi privasjon er sikkerhet.
Enter HoudiniSwap, a firewall between sender and receiver.
Our solution is cross-chain, send any token in and receive any token out across 20 different blockchains.
We're dedicated to compliance, our system is completely non-custodial and we're not a mixer, and it's inexpensive.
Our privacy tool has been on the market for one year now, and we're growing like crazy.
Users did 20 million in transaction volume last month on our platform.
Plus, poof, our native ERC-20 tokens usage is growing healthily.
We are now entering into the next phase of growth, privacy as a service.
Houdini Swap's API is available for Wallet, DEXs, GameFi, Payroll, and institutions to introduce optional privacy.
Privacy isn't always necessary, but when you're in public, at least put some damn clothes on with Houdini Swap.
Alright man, you had a bit more time, it's a good pitch.
First question, bridge after bridge after bridge is getting hacked.
Why the hell should we be looking at another bridge?
Ja, greit spørsmål. Vi har en veldig annen anledning til bridging.
Vi er helt uavhengig av kastodier.
Det er ingen kastodier-kontakt heller.
Det er ingen likviditet-pool eller kastodier-asseter for folk til å hacka inn.
Dette er en helt annen anledning, og jeg vil gjerne forklare hvor det fungerer,
fordi det er enkelt, og det er mye elegans og enkelhet.
Absolut.
Ja, jeg skulle bare si at først og fremst, jeg elsker privatsaspekten.
Jeg tror at det er undervalgt i kryptospetsen.
Og jeg ville bare gi deg en chans å forklare hvordan ditt projekt er annorlunda
fra en mixer som Tornado Cash.
Du sa at det er det, men kan du forklare hvordan det er annorlunda?
For sure. Så jeg kommer å forklare hvordan det fungerar.
Basiskall, HoudiniSwap er en aggregator av varieke utbyggelser.
Vi er en konduit mellom utbyggelser.
Let's say a user has bitcoin and they want to send USDT to the recipient.
The user will send in bitcoin to one exchange.
It'll get swapped into Monero and sent to an unaffiliated second exchange,
where it then gets swapped into USDT and sent to the user.
There's no point at which we have access to the funds.
There's no point at which we interact with the funds.
Vi er helt og helt ikke-kustodiske.
Tornado Cash hadde en mixingskontrakt.
Det var penger som kom inn, det var penger som kom ut direkte av denne kustodiske smartkontraktet.
Det var det ene.
Så fra en set-up, infrastrukturvis, vi er helt annerledes.
Men det andre og mest viktige forskjellige faktet,
is that every transaction that goes through HoudiniSwap is subject to AML and risk screening.
So there is no criminal activity that can take place on HoudiniSwap.
In fact, if a transaction is tied to criminal activity,
it can actually be frozen and returned back to the victims of crimes.
Very different setup than Tornado Cash, not at all a mixer.
Houdini, du har snakket om å bruke flere kvarter. Er det noen kvarter som er sammenlignet med Houdini Swamp?
Og om det er så, hva er det?
Vi tar ingen markup heller. Vi er strikt en aggregator av existente online publikt tilgjengelige kvarter.
I fakt, vi aggregerer de kvarterene sammen for å forberede kvarteret med den minste kostnivsrate.
Du kommer aldri til å gå på en av vårt kvarterpartners website,
and find a quote that is lower than Houdini Swaps.
It'll either be the same if you're looking at the lowest cost provider,
or it'll be lower because we found a better rate for the user.
There's tons and tons of arbitrage when it comes to crypto pricing,
and Houdini Swap is providing the lowest cost rate for the user.
Champ?
Yeah, I appreciate it.
And thank you, Mr. Houdini Swap.
You have quite a soothing voice, by the way.
I've been told that about myself before,
but it was nice listening to you speak.
No, thank you.
Yeah, yeah, anyway.
What did you say?
Silly, what just happened, bro?
Silly is just disappointed now.
Bro, it's just become like a day in...
Absolutely.
No, listen, listen.
I have a sales background.
I'm a pitching guy.
It was a good pitch.
I'll consider potentially some sound dampening for the room.
Other than that, it was great.
Champ is looking to love it.
I want to talk to him. Guys, I want to talk to him about the product.
I have a question for you, right? Because you already sort of hit the nail on the head of the one question I was going to ask, which has to do with some of the sort of negative implications that come with high privacy bridges like this one, right?
We know what happened with TornadoSwap, and to be fair, right?
The reason for that is because these things do obviously provide, in certain circumstances, avenues for people, bad actors, to get away with certain activities.
So my question is the following, right?
With sort of all of this risk-mitigating technology and things you're trying to do to avoid any potential criminal behavior going on,
who exactly is your target audience with this thing, and how are you thinking about getting it in the hands of those people?
Ja, så vår target-audiens starta ut som vanligare brukare av krypto.
Når jeg går til å sende en transaksjon til en venn, om jeg betaler min venn tilbake for noe,
hvorfor borde jeg ha å utvide all min personlige finansielle informasjon?
Når jeg sender 10 dollar til min venn, jeg vil aldri gi dem tilgjengelse til min bankkonto,
