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The Ordinal Show
Recorded: July 16, 2025 Duration: 2:01:52Space Recording
Short Summary
Bitcoin reaches new all-time highs as the U.S. government adjusts its Bitcoin holdings, while Coinbase launches innovative payment solutions. New projects like Top Cats and Dog tokens are gaining traction, indicating a vibrant and evolving crypto landscape.
Full Transcription
Music Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. music All right, let's kick things off.
I'm not sure if Jan is actually on stage or not, but Jan, maybe leave and come back because you're a listener for me.
Yeah, let's jump into it.
Trevor, do you want to kick us off or should I?
No, go ahead, man.
Go ahead.
All right.
So welcome to the Ordinal Show.
Bitcoin is basically at an all-time high.
All the people who flooded Bitcoin were completely wrong.
Every single person in human history who flooded Bitcoin was incorrect.
And here we are. And we were all right.
And now we just need those gains to trickle down to our ordinals and ruins.
Yeah.
So, well, that's been going on pretty much.
What's up, Jan?
Yeah, pretty much.
GM, GM.
Wanted to just, yeah, we don't have an interview like we did on Monday.
That was a great interview, by the way, Trevor.
Wanted to just hit a few topics here and have a pretty casual space.
So feel free to come up and ask
questions, share your thoughts, join the conversation. It'll be a little bit more of a casual show.
I did see in the sort of like Bitcoin laser eye side of Twitter that I kind of have like 10% of
my feed always ends up being that. They're all talking about this. Like, I guess there was some
reporter requested through like a Transparency Rights Act with
the U.S. federal government documentation of how much Bitcoin they hold.
And apparently they actually don't hold 200,000 Bitcoin.
I think they hold like 17,000 Bitcoin or something.
So I don't know what the deal is with that.
And like David Bailey is arguing with people about what the accuracy and this sort of stuff.
It's kind of TBD on whether that's true or not, but it doesn't look great.
It would kind of be unfortunate, I think, for the true hardcore laser IMAX.
They probably don't want the government holding Bitcoin, so they're probably happy about it.
But it means that basically probably a lot of Bitcoin was sold towards the
end of the last administration. So like, kind of like January, December timeframe, that could
explain some price potentially action. And yeah, I don't know, like, we don't have to linger on
this too much, because to be honest, it's a little bit speculative the source probably is like decent but not amazing uh does
anybody have thoughts on this uh trevor yon uh shit uh tuxedo so you so basically is this that the
was it 200 000 bitcoin that the u.s government held they were they were at some point like
supposed to have 200,000 Bitcoin.
And it's like they don't account for it very clearly publicly.
They don't have the proof of reserves.
But yeah, they had 200,000 at some point at least a year ago.
And now they have 17,000.
And that's all we know, really.
Everything else is speculative.
Got it.
And that was from the Silk Road seizure, basically.
I think there's been a handful. There's one that I call the popcorn sats that never really caught on, but some dude had some ungodly amount of Bitcoin in a seed phrase, private key in a metal tin of popcorn that the government seized, which was like equal to the amount of the Silk
Road. They've had a bunch of seizures. They, you know, that like weird girl and guy that they
took down like two years ago, that was a ton of Bitcoin. Oh yeah. Did they hack an exchange or
something like that? Yeah. Like I think it was like some kind of weird scam. I didn't even look
into it. I think there's a Netflix documentary about it, actually. But the bottom line is like the government, I mean, they're like the they just have Bitcoin
coming at them every year or two. They collect an insane amount. They've been doing that for
a really long time. But then they sold it all. So, yeah, I mean, I think I think it was kind
of anticipated that Biden would try to sell as much Bitcoin as he could before Trump got into
office to kind of make it more difficult for Trump.
And also because the Biden administration has just led a sort of cold war against the
crypto, the crypto scene in terms of what the SEC has done to crypto founders, exchange
founders, you know, trying to try to put as many, you know, like they put bad people in
jail, obviously, but they also, you know, attacked a lot of good people with their efforts.
And the Biden administration did, sorry, what was it that Nick Carter, Nick Carter had coined
Operation Choke Point, which is basically this whole idea that the government, that
the government had a hand in shutting down Silvergate.
And this was around like the time that SVB went under and Silvergate.
And this was kind of like that the federal government was involved in basically telling a lot of banks that,
hey, you can't bank crypto companies, right?
You can't bank people involved in crypto.
And so, you know, we found out about this, obviously.
Nick Carter blew the lid off of it. A lot of people reported on it. The Biden administration
just did a ton of stuff that was, you know, I think against like American principles, like
freedom of speech, freedom of, you know, banking, right? Like the government was clearly overreaching
in their efforts to
attack on crypto. And so it's not that surprising that I think Biden would try to sell as much as
he could before getting out of office. What's surprising though, is that how is how much
Bitcoin has gone up despite the fact that so much was sold. But I guess that makes sense because
it's only in the, I don't know what, if it's 200,000 Bitcoin, then we're talking $20 billion.
It's a lot.
Yeah, that's a lot of sell pressure.
If this turns out to be true, that would explain some price action, I would imagine.
That's a lot of sell pressure.
There's only 21 million Bitcoin.
Yeah, I'm just trying to look at what the 24-hour volume on Bitcoin is right now, according
to CoinMarketCap.
I mean, it looks like 24-hour volume is $2.3 billion.
Yeah, but what I've learned over the years is that's just people selling back and forth
to each other.
That's just market making.
Sure, sure.
Sorry.
No, I mean, 24-hour volume per market market cap for Bitcoin is 182 billion in 24 hours.
But yeah,
a lot of that is like,
we'll say exchange watch rating or,
or who knows,
but,
you know,
just within the crypto community itself.
Right.
Like,
so we don't know,
you know,
yeah,
I don't know.
Like all,
all I know is that like binance
has these meme coins that have like 30 million dollar market caps and they have like hundreds
of millions of dollars of volume every day like like of course the binance smart chain and like
the binance platform they clearly have like a market maker that's like doing just insane watch
trading on both of those products basically so but yeah yeah dude it's uh it's a weird one that's like doing just insane watch trading on both of those products basically. So, but yeah, yeah, dude, it's a, it's a weird one.
It's a very, it's an interesting, it's an interesting case.
I don't get why we haven't had more transparency, like from this administration though, because
it's like, they should just be able to say, Hey, you know, this is what happened to the
Bitcoin.
Why are we six months into this?
And like David Bailey can't get them to say what happened to the Bitcoin?
Why is this such a hard thing to do?
You know?
Yeah, so let me give let me get breakdown.
So just confirm the number that as of like the before before this event, the U.S. government was known to have roughly 200,000 to 210,000 BTC worth about 23 to 25 billion at today's prices.
You know, just under 1% of Bitcoin supply. And about 69,000 of that, funny number there,
was from Silk Road cases, 94,000 from Bitfinex hack recovery, 51,000 Bitcoin from a November 2022 seizure from James Zong, which was a theft.
And then, you know, other smaller forfeitures and IRS cases, about 7,000 Bitcoin.
So according to this list, total was 223,000 Bitcoin.
And then the government had already sold $13,000 of that.
So that's what the government's balance was known to be, which makes them obviously one of the largest holders of Bitcoin in the world at that point.
Yeah, that's incredibly impressive.
They're probably going to get some more from Roger pretty soon, I would imagine.
I don't know.
Like the U.S. government definitely like they basically just any crime related to Bitcoin, they get to seize the Bitcoin.
It's like a very profitable machine. All they have to do is hold it. And obviously that was the issue. They didn't hold it.
So do they have do they have one hundred and thirty thousand left?
Because I'm also seeing this report is only let me make sure I'm reading it correct.
I think there's like seventeen thousand Bitcoin left or something. It's like no way. Let me let me make sure i'm reading it correct i think there's like 17 000 bitcoin left or
something it's like no way let me let me find the report so so trump has to buy it all back now
basically well that's the thing like this whole thing about the bitcoin reserves it kind of just
blows that up because it's like the narrative that we were told for the past six months
was that the u.s government was like starting a reserve and doing all this stuff.
The reality is they just shed like a zero on their balance.
Like they have like nuked like their balance by 90 percent.
Yep. So, yeah, this is what the report is that the government only holds 30,000 Bitcoin left.
So compared to the 200,000 they're supposed to have.
And if the Bitcoin Reserve Act passes, the U.S. would need to buy a million BTC on the open market.
So let's go, guys. Let's get that passed.
And yeah, that's pretty crazy they sold all that.
But I mean, if you guys remember, in January this year, the Fed was cleared to sell like six point like all the silk road bitcoin they were cleared to sell so there
was some like heads up this was happening there was some heads up in the news that the biden
administration was trying to do this because the bitcoin strategic reserve was getting hyped up
and also because they probably you know didn't want crypto to succeed as well. So yeah, it's kind of like,
I don't think it's Trump's fault, right? Like it's Biden that sold it. So
well, I want the transparency because right now it's like totally unclear what happened,
honestly. Like I, I think you're probably right, but we don't know. Like we don't know what
entity within the government was involved. I want, like, a break.
I want, like, an investigation into who sold the Bitcoin.
It shouldn't just be this mystery.
And I looked up the number.
It's 28,988 Bitcoin that the U.S. government currently holds.
So their holdings are down, like, 88% or something.
Yeah.
Yeah, there's the whole document about it dude it's funny like the
government can't get anything done but they do have the ability to sell all that big wine it's
kind of unfortunate the biden administration yeah and like nobody even like voted on it or
you know what i'm saying like you would imagine that's something where you kind of have to have
a vote you're like spending insane amounts of money but i guess you don of have to have a vote. You're like spending insane amounts of money, but I guess you don't have to vote.
Okay, Tuxedo, what's your take here?
Guys, didn't like the majority of the seized Bitcoin
get sold during auctions from the US government?
So I think they had some auctions,
but they would only sell like little bits.
I didn't realize they were down to like 28,000.
That's like a lot more than I thought they ever sold.
To answer your question, who sold it?
I think that they held like huge auctions,
but not huge in magnitude of the auction,
but in numbers, they sold quite a bit during those auctions.
And pretty popular people actually bought those.
Yeah, Tim Draper.
I think Tim Draper famously bought us from those auctions.
Tim became a billionaire actually from those early purchases
because the price was like ridiculous back then during the auctions.
Yeah, I mean, what I'm reading is like as of July 2024, so a year ago, they still had 198,000 Bitcoin.
So like somehow between then and now, they're down like 90%.
And I'm not aware of any massive auctions publicly.
So they were selling them clearly.
I just don't know to who during that past year.
And I wanna know who sold it.
I see we got Danny on stage.
Danny's a bit of an on-chain, kind of ZachXBT.
I could see Danny starting like a zach zach xbt persona um you've
got the skill set what's your take on all this i don't know about that but um i'm not sure i mean
i don't really know much about the inner workings of the government and stuff um i did see one tweet
that was like casting some doubt on the that maybe the u.s marshals
report is accurate and the like marshals have 30 000 bitcoin but maybe there are other parts
of the government that are holding other bitcoin um that was kind of my one question but i have a
lot more questions than answers regarding this stuff. So, yeah.
All right.
Yeah, we'll circle back here.
I think it's a lot of questions all around.
Agreed.
Okay.
Is anybody watching this base event?
There's like a Coinbase event happening right now. Obviously not super BTC related, but like a pretty big crypto thing.
Does anybody know what's going on?
I know they launched a new Coinbase wallet, but that's all I know.
I haven't been watching, so we'll have to maybe circle back.
We'll have to maybe circle back on Monday about this.
Okay, actually, yeah, they're live-tweeting it.
So they're releasing BasePay.
So pay for everything with USDC via Base.
They have a new open stack.
Yeah, they're basically launching a bunch of products.
This is interesting.
So they've rebranded Coinbase Wallet to Base App, which is actually smart.
It's not really a wallet anymore.
a wallet anymore. They're trying to
They're trying to have it be more like a DEX.
have it be more like a DEX.
Okay, then I
expected they would rebrand it to Based
App at least, you know?
Yeah, yeah, it's Based App. Yeah, it's Based
App. No, with D
in the end, you know, Based. Oh,
Based. Yeah, that would be
pretty good.
Yeah, they're like in the middle of it so they're still they're like dropping information
constantly but yeah they're like they're rebranding it looks like to be more like social focused and
based so it's like messaging social feed they're like integrating farcaster and it looks like
tuxedo you got any more thoughts here no not really i was gonna wait actually for for yan to address today's issue but uh since it's
it's pretty late for me during those wednesdays uh spaces i cannot wait any longer i have to
address this issue yan got attacked today it was major he got attacked uh also bongo got attacked um i don't
know yan you you have any comments on that he was cornered by a bunch of uh alkane uh fanatics and
it was like seeing a movie that they were like pushing him with torches. They were, you know, all sorts of bad words.
They were accusing him, pointing fingers, pointing toes, whatever.
Jan, can you share a bit more?
What happened, man?
I was shocked.
Man, I didn't even thought about it like that.
But, you know, when you put it like this, then maybe something like that happened.
I don't know. I don't know.
I don't know.
I just looked at it as like a fun exercise yesterday.
I saw there is an Alkane space going on.
And I was just like, okay, I'm going to listen in, see what's up.
And then I heard that, like, you know, everybody's shitting on Xverse there because Xverse doesn't have Alkane support.
And so, yeah, so I joined the conversation. But I don't think it was anything that crazy, you know. is shitting on experts there because experts doesn't have alkanes support and so uh so yeah
so i joined the conversation but i don't think it was anything that crazy you know obviously yes
they're very passionate about alkanes you know when you join like some of these things like like
basically alkanes this is uh in their mind the the only thing that matters in the world and
everything else is is dog so uh so like you know
that was kind of the conversation but uh but i wouldn't say i wouldn't say it was an attack tuxedo
i think i enjoyed the conversation i enjoyed that exercise because you know it's fun sometimes and
bongo bongo was like bongo was the fun part there you know because he was kind of attacking them
back you know so uh so yeah it yeah, it was interesting last night.
Jan, bro, please, you are too humble and too good-looking to address this properly.
Let me tell the story.
So, listen, Leo and Trevor, what happened was there was this...
First of all, can I just ask, is this recorded?
Because I really want to listen to it.
It sounds very entertaining.
Sounds very entertaining.
No, it's not recorded.
No, it's not recorded.
Ah, okay.
Ah, okay.
Okay.
Okay, keep going, Tuxedo.
Keep going, Tuxedo.
So basically what happened was an Alkane Spaces was taking place like a full blown one.
Everyone on stage would have this tag on their name, Building on Alkane, so that people know
that they are building on Alkane.
Otherwise, how would we know, you know?
So all these people, they were discussing their Alkaneane stuff and at some point they started trust talking experts and guess what yan appeared
wearing his exerce cape to defend the brand name and it was like pure cinema 15 people building on
alkanes against yan but he was not alone because Bongo appeared out of nowhere
to defend Jan and the whole runes ecosystem.
It was absolute cinema.
And then they started saying that Bongo is too short
to participate in such a conversation.
Bongo got offended and he attacked him back.
I mean, I wish it was recorded.
It was...
How many people are listening to it at the peak?
Like, how much of a crowd are we talking about?
Like 200.
300, I think, yeah.
300 people.
That's pretty good.
You guys were creating some of the drama.
Yeah, it was a decent space.
You know, what is the funniest thing?
You know, like, I joined the space.
And I usually, you know, these days, I don't get that many followers just by joining a space.
But I joined that space. I talked to them for 30 minutes. And I got, like, 20 new followers, you know. days, I don't get that many followers just by joining a space. But I joined that space.
I talked to them for 30 minutes and I got like 20 new followers, you know.
So I don't know.
I guess it was good.
It was a good ROI.
Jan, why you are so humble and good looking, man.
You know what happened after you left?
While you were there, there were like 300 to 400 maybe listeners.
You left.
I stayed. The listeners, the second you left, they dropped like three to 400 maybe listeners. You left. I stayed.
The listeners, the second you left, they dropped like to 120.
Everyone was shocked.
That sounds like it's botted then because that's like not natural.
It's Jan's followers, man.
No, I'm not as famous as Leonidas, you know.
If Leonidas joins.
Dude, I don't have 400 people that follow me around every space, guys.
Bro, I don't think so, man.
Like, you know, when you start a space, look, like the Ordinal Show, like, you know, we're at almost 200.
You know, you drive a lot of that, you know?
Like, if you start a space, like, just put a dog in the name right now after the show, like, I guarantee it's going to be 500 people, like, instantly, bro.
We actually do need to do a dog space soon for the dog listeners
and, like, have a dog focused on all.
That would be cool.
But, yeah, man, it looks like you had a nice little debate there.
So, I guess the question is, Tuxedo, did Jan come out as the winner
or did he, like, not handle himself very well?
You know, I was really surprised because Jan is himself very well you know i was i was really surprised because
jan is always so you know collected so calm and he would try to to settle things he would say
first of all bongo relax because bongo was was furious and he would say to the alkanes guys you
know the ones that are building on alkanes with the tag building on Alkanes. Otherwise, it's impossible to tell. He would say, we are all here to bring this ecosystem forward,
to drive it.
And everything changed.
And Jan flipped when one of the Alkanes building on Alkanes
said XFERS is getting paid in order to do stuff.
And Jan flipped.
And he was like, what?
Man, I wish it was recorded.
The Alkanes energy is an interesting energy.
Like BunZee came up on the show like a month ago.
And I feel like it was like, there was like a little spurt of energy.
I feel like LipoFifo had like announced that he's adding like an Alkanes tool to his site.
And then all of a sudden BunZee was like,
the mind share, developer mind share is like 10X runes and all.
I feel like you can,
there's a level of comparison that's healthy.
Cause like you can drive a point by saying,
hey, like we have programmability here.
Like this is cool.
This is like a trade off you're making by not doing this
but i feel like once you go to the point where you're just like trying to make enemies with
people uh yeah it's just like you're what you want to be doing is attracting us to go like
alkanes but if you just like isolate people and call them dumb i feel like i don't know it's like
yeah i don't know the the pitch for xverseet shouldn't be go fuck yourself Xverse because you haven't integrated Alkanes yet. It should be, hey, we've got all this cool stuff going on. This is what I was trying to push Bungee to do when he was on the show. Just talk about the cool shit that's going on. Like, that's what I'm interested in is like, what are the cool apps? Like, when is the Uniswap happening? This is the kind of questions that I have.
cool apps? Like when is the unit swap happening? This is the kind of questions that I have.
But I've largely since then seen like, I think some of the attention is shifting to BRC. I think
people kind of know that like BRC 2.0 is probably going to be maybe where the attention shifts and
it's already kind of people are anticipating and just waiting for that to happen for the people
who are like really into the programmable stuff. So I'm, I'm interested to see what happens there. I mean, Domo's, uh, Domo Benari, those guys are not, you know, these guys aren't, aren't, uh, aren't,
uh, you know, incompetent or anything like these guys are smart guys. They'll,
they'll execute something I would imagine that's interesting. So I'm curious to see what happens
there, but yeah. And I'm glad to hear that. It seems like, you know, you got a decent report.
Tuxedo said you held your own. It sounds like, no, it was, it was, it was, it's funny. Like, I mean, Tuxedo is making it a little
bit more dramatic, to be honest. Like, I, I didn't crash out on anybody. I, I didn't do any of that.
I don't, I don't think that they were necessarily like, you know, telling experts to go fuck
themselves. But, you know, it's, uh, I, I do agree. I was actually trying to like tell them exactly
the same thing, uh, Leo, because, you know, for experts not having alkanes, it's not that we hate alkanes.
It's just like the main point is that we don't have unlimited amount of time and unlimited amount of engineers that we can do everything at the same time.
And so it's always about prioritization and kind of figuring out what makes sense.
and kind of figuring out, you know, what makes sense.
You know, we have obviously a lot of commitments from the past
with other partners and like there is a roadmap
for like six months, 12 months, you know.
So like it's not that easy to just like shift everything
within a month.
And I guess everybody who is building a product
with like a decent amount of engineers
probably knows how this works.
And so it's really not that we hate Alkanes.
We actually looked at Alkanes internally and our head of product is actually quite interested in
some of the things, but we just don't have time to prioritize it right now. And so I was actually
telling them exactly the same thing. I was like, bro, you guys should just be building and you
should be striving to build great, you know, build great
community and just prove everybody that, like, they cannot ignore you, you know, and, like,
give people reasons to actually take it seriously instead of, like, you know, shitting on everybody
and saying, like, you know, all the other L2s are fucking dog shit and everything is, like,
tier four and everything is bullshit. Wait, wait, what's a tier four? What's tier four?
I mean, that's, I don't know.
They said everything is tier four, you know?
Everything is tier four.
Do they mean L4s?
No, they just, they just think it's just like, like, like it's a bullshit basically.
That's what they're saying.
Like, you know, everything else that is not alkanes is bullshit.
So, so that's. I mean mean i have to admit like i like
i kind of rather this than just like it's boring like i like that people care about things and
stuff i yeah my just advice from a marketing perspective is there's like a spectrum and you
don't want to be like too much of like the kind of cry baby just shitting on everyone i'll i do a
little bit of this sort of stuff but i kind of rein it in and
try not to just like i don't know yeah i would say just like talk about the positives in addition
to the negatives don't just shit on things like make people excited about the stuff you're actually
doing because that's like probably the vast majority of people like that's probably what
they want to hear um what's what's going on? Yeah, I think in general, this is what we should do, right?
I mean, we have discussed it on the show many times.
And it's not just like Alkanes.
There are some other communities.
And I think it's just overall better if we can focus on just enlarging the space.
And I think at Exverse, we have always been like very direct about the fact that,
you know, we just love to see experimentation, you know, like, and we're not going to be
necessarily the ones that are going to choose.
Okay.
What is the winning standard?
What is this?
Like if the market tells us that like something is interesting and people want to use it,
then of course we're going to look at it and we're going to consider it and we're going
to potentially integrate it or at least somehow support it, you know, and, uh, and we're doing that. Like that's, that's the,
that's the way, like, you know, how our product team operates. And, uh, sometimes of course we
need to make tough decisions that like, Hey, we cannot really spend time on this right now.
Like we have to wait and, uh, we're going to give it like three months to see like if the market is
going to keep pushing it after three months or if the market gives up and this is a data point that is very important right for builders if something can organically
keep growing uh for at least six months and can survive maybe like a downturn one or two
and just just still be there then it's a sign that like oh shit like this thing actually could survive
long term and then you know we take it extremely seriously after that. And so, uh, so yeah, this is kind of like
how we operate. This is how we look at everything. You know, like I have people in my DMs, like
telling me that like, I should support this and that like every other day. And, uh, it's just not
possible, but, um, yeah, uh, hopefully we can, uh, we can just focus on growing the space overall, you know, and not trying to say that the only thing that matters is my thing and everything else is shit.
Yeah, yeah.
It's one of the hard parts of being a builder here is that, like, we're just still early with a lot of this stuff, right?
There's, like, actual innovation happening constantly.
So the ground is shifting under your feet.
The attention is moving around.
You might build an app that's popular for a couple months
and then like the ground shifts again
and there's like some new thing.
And it's cool because it means
that we're moving the space forward.
Like I like these programmability experiments
that are going on.
I think eventually that'll be important
when we have OpCat and we can do that in a real way that that's like even more important that
we're testing that. Like this is a long journey of like unlocking this massive economy on Bitcoin,
right? And making Bitcoin the settlement layer for Web3. This is like, you know, we're like 5%
of the way to the end of that, right? There's a lot of work to do, but it does make it hard as a builder. Cause like, I imagine, you know, X first is like the kind of de facto Bitcoin wallet.
I mean, there's the new protocol or like new kind of cool thing that like has some credibility
every month or two. Like, you know, we're now at month 30 of this kind of ordinals experiment thing.
And I'm just thinking back, like there's been a bunch of cool stuff. You know, I think like BRC 20 runes, ordinals have
been like the stickiest protocols, but there for, for every, you know, one of the BRC 20s or runes
or ordinals, there's 10 other things that popped out that were interesting. But I mean, how can you
have a business with like experts integrating like so many things?
Like you have to be thoughtful with your time.
You have limited resources, limited developers, limited capital, and you have to make strategic
decisions.
And my message to the Alkanes guys are like, look, go do what you're doing, but like actually
like build more applications.
Like I feel like it just still feels very primitive.
Like get a Uniswap style thing. You claim to have smart contracts.
Make some basic apps. Make a pump fund. Do these sort of things.
Then come back to Yon. Show Yon the cool stuff you did. And then maybe they'll integrate.
Also, Xverse is open source, isn't it?
So, you know, they could theoretically just
make a pull request and build the support into it.
And then go to experts and say, look, all you can do is click this button and it's in.
But it's actually funny that you're saying it because some of the builders that, you know,
we're not in a place to announce other things right now today,
but some of the builders did actually this.
So some of the builders that really wanted to work with us
and we just didn't have time to really look into it.
They just did it themselves in a sense in our repo
and they sent it to us.
And then we looked at it and
it was like obviously it it wasn't done like perfectly because they didn't spend that much
time but like it kind of worked and they kind of proven us then like hey it probably doesn't take
that much time to add this stuff and now you know we are actually like like working with them a lot
more still behind the scenes because again we again we're not in a place to make
certain announcements but to your point this is what some of the other builders have done.
That they actually like yeah we know guys you're super busy like let me show you what we can do
very quickly it's not that difficult. Okay here you have an example boom boom boom and then like
oh yeah cool let's do it. So you're absolutely right about this. That's great and then like, oh yeah, cool, let's do it. So you're absolutely right about this.
That's great.
And then also to sort of another point
that I think a lot of people don't realize is
whenever you add support for something,
it's like an infinite liability as a developer
because now you basically have to support it forever
or eventually, and even if it loses popularity,
maybe there's like, you know,
a hundred people that have their
alkanes now in this wallet and you can't just ditch them and if you don't if you stop supporting
it you know you have to build a migration tool or something and so yeah i mean i would just i i felt
the pain a little bit uh trying to build stuff and so i feel your guys are paying that experts
it's like you guys have to be really careful about what you do support and i hope people will understand that and uh yeah just kind of
understand the situation danny what are you up to these days man it's been it's been i feel like i
haven't heard your voice in like way too long how are you doing i'm good, it's been a little quieter. I've been not like programming as much, but
the main focus is the rare sat hunting stuff. So I've been, me and my business partner have just
been hunting for sats and we've been contributing to the market a little bit,
providing data for circulation. So you can sort of,
you can see detailed circulation data of any type of any type of sat and yeah,
we're being just patient and kind of enjoying the bull run a little bit,
but yeah, I mean,
what have you found Denny? Have you found anything interesting?
Yeah, we've found some cool stuff. I don't know. It's just like,
it's a slow grind kind of, but like there's coins out there and they just kind of,
you know, like, uh, yeah, I don't want to dox, dox like our holdings, but you know,
it was like the, the 2009 uncommons are a cool category and uh yeah i feel like danny i think of danny as like
the mob boss of rare sats where like if you want to do that if you want to get this riff that you
have to go through danny you know and uh you guys are just like at this point you've probably
cornered the market because i imagine some of the rare sat hunters have kind of given up or like moved on to something else and it's like if you guys have
just been running that machine for the past like year and a half now or so i imagine you've got a
nice especially on a lot of the rares to replicate that year and a half of sifting would be a lot of
effort um i imagine you guys are sitting on a nice little bag there i think yeah i think yeah i mean we've
we're taking a huge bet that is that we're in a lucky in a position where we can take this bet
we definitely the the nice thing is no matter how big your hunting operation is like you can only
we can only really operate within the u.s um and and so, you know, and not even, you know,
only like one exchange really. And so there's plenty of, you know, the, the market gets
distributed just because there's other hunters and there's other jurisdictions and not all the
coins come through circulation. And so we definitely have like a big stake that we've
built and we're just kind of seeing if it plays out um but there are you know it's pretty cool because it's like
kind of like a fair fair system that uh fair distribution i would say proof of work distribution
sort of are you at so i assume you're referring to coinbase you don't have to say if you don't
want but are you at like is it at a a point where the exchanges are just okay with this?
I imagine it's been going on long enough that they would obviously have to be okay with it.
But is that something where you just come to an agreement with them around that?
Because these accounts have to stick out.
Anybody doing an audit of odd activity, you're going to run into your account very quickly, right?
Yeah. an audit of odd activity i mean you're gonna run into your account very quickly right yeah and for context for the audience like rare satoshi hunting is basically withdrawing and depositing over and
over again on an exchange and because the exchanges uh will they hold all the hot wallet coins and one
kind of big pool of coins.
Every time you deposit and withdraw, you kind of get a new set of coins from the pool.
And so you can run that over and over again.
You kind of can sift through and see if they happen to give you any rare sats.
And if they do, you can take them out.
That's kind of the system.
And so as you can imagine, it's like a lot of in and out a lot of
transactions and the exchange is all sort of flag it but for us personally like we have you know we
develop a relationship and have reached out and be like hey this is what we're doing just want to
make sure it's okay and they've they're fine with it because we pay like the transaction fee every
time so um yeah okay that's interesting so you are paying the transaction fee every time
that obviously that makes sense um yeah so it is there's a cost like we're you know it's it costs
it costs uh costs money to run an operation and it's risky you know so dude absolutely no i mean
one like imagine there's like a little bug in the code with like, I mean, give the,
there's probably some listeners here who were not around when we were covering rare stats a lot on the show,
maybe a year and a half ago.
Give them just, you don't have to dock your wallet and give an exact number,
but give them like a rough vibe of how much Bitcoin has moved through your operation over the past two
years? I don't know if I want to do that. But I mean, the volumes add up. So like, if you have,
you know, one Bitcoin, and it takes it takes like two. So for you deposit to like,
so when you deposit to like uh coinbase for example they need two confirmations uh i think
it is or two or three and so if you can efficiently deposit and withdraw as fast as possible
it takes about um two so let's say it's two blocks and so that means you can, there's 144 blocks per day. So you can get about like 70
ish cycles of coins. So that one Bitcoin you have, you can actually cover 70 Bitcoin of volume.
So if you do it with 10 Bitcoin, now you can cover 700 Bitcoin of volume. And then,
so you just do your math on whatever amount of coins you're hunting
with um you know your volume the volume really adds up if you just do it day over day
i want to know that i don't want the stat i actually want to know maybe when this is all
said and done you can share a you know paper on this in five years or something. What is the total number of like actual like ordinal sats?
You know what I'm saying?
That move through your wallet, right?
Like, you know, it can be the same Bitcoin moving back and forth.
That's not as impressive to me.
It's more impressive to say I've touched this many of the ordinal sats,
like the unique sats on Bitcoin.
That's a cool stat.
Yeah, totally. stats like the unique stats on bitcoin that's a cool stat yeah totally because also there's a lot
of uh if you you end up getting the coins the same stats over and over again sometimes so a lot of
times you'll get nothing because you've already scanned you get the same ordinals that you already
scanned and that might happen like six or seven times in a row but then all of a sudden someone
else deposits to the exchange and then the
hot wallet moves around and then boom, you like get something.
But those numbers would be pretty crazy. Yeah, I guess.
Cause that'd be really, it's panning for gold. You're panning for gold.
Yeah.
Like you get your coverage ratio of like how efficient,
how much coverage you actually get compared to how much volume you've done it'd be interesting yeah i still my sort of in game for the rare stats is like we have to
we have to like turn the main categories into essentially fungible assets from a user experience
perspective like literally you could imagine like Binance lists
uncommon stats, for example, just as a category.
And that's how the vast majority of people interact
with that asset class is as almost like a meme coin, right?
Or pizza stats.
But then I think that's necessary for like bringing access
and liquidity to the market.
But I think ultimately what that does is it like makes
the asset class important.
And then the 2009 uncomcommons, the March 2009 Uncommons,
like these sort of things become really, really interesting
and like even more kind of valuable and desirable.
But it's like, I had the same thing with,
you know, like counterparty assets
when I was focused on like historical NFTs,
like I see a lot of parallels between these like really old stats and just like the technology.
Right. And yeah, like get like, uh, solving that problem of like, how do you buy a rare Pepe or
like bringing access and like ease of ability to buy and sell that um that was always the bottleneck i think
like rare pepes everybody thought they were cool and then when they got bright like emblem bump
made it available to to buy them on open sea they like had a huge kind of adoption wave but haven't
really come back since then and it's it's an interesting problem to solve and it's like to me
i like i love the narratives like i love i love the narrative
of rare stats it's like how do you make that accessible to a lot more people and to me it
just feels like you have to turn it into a fungible token and like they're just buying in a
uniswap kind of thing like i feel like and people have tried that like credit to saturn and various
people have tried that um I think maybe there's
like a way to do it on an L2 or something like or in a centralized exchange that could really bring
the liquidity but uh I think like to me that's the end game I'd love to be able to spend some time
and contribute more to that in the future it's like one of the things in the back of my head
where I'm like this is like such a cool thing you know ord.io, it's like one of the things I'm very proud of in that first year was just like
having so much fun discovering these categories and like making them visible to people. And then
like more explorers popped up and it was a, it was a very fun time. And I would love to just like
basically re-shine a light on this asset class at some point, but by solving basically the access
problem. Cause right now it is like, but by solving basically the access problem.
Because right now it is like, and there's some benefits of this, you're going to only hold some of these things if you're an actual collector.
But I think ultimately you probably do want it to be easier to buy them.
The traders come in, the more casual buyers come in.
But I think that lifts up the asset class and, you know, ultimately more,
more collectors will then join as well because it's like, you've got more liquidity, more volume
sort of stuff. So I'm, I'm, I'm, you know, we'll, we'll have to see how things go, but I'm bullish
at some point for like a centralized exchange to just say, fuck it. We think this is like super
cool. We're going to list uncommon stats right next to Dogecoin.
I think that's kind of the north star for me with that asset class.
Dude, it would be free money for them, right?
They already have the rare stats in their wallet,
and they could just list all of them without having to get supply anywhere,
buy supply, et cetera.
Yeah, and Trevor, from my perspective, centralized exchanges don't take enough risk.
Like, I don't really know.
Like, centralized exchanges are, like, listing all sorts of weird, ruggy meme coins.
To me, that's riskier than listing something like an uncommon sat.
Like, you know, if I'm a centralized exchange, I'm providing access to just more assets that are not available on my competitors exchanges and rare stats are,
are one of those asset classes that I do think like sounds pretty cool when you
talk to people about it. Like it's, you know, rare Bitcoin. This is a,
this is a really cool. Yeah. I don't know. It's a,
it's a really bad ass narrative. I love it.
I totally agree that I think that would be really hard or really huge for the liquidity and everything.
Definitely one of the challenges and maybe why it hasn't happened is really, I mean, the stats are not fungible.
And that's kind of the what makes him what makes it hard.
Like if you were to do, you know, an uncommons, like fungible thing, like,
okay, well, what year do you cut it off at? Because the 2025 uncommons are, you know, there's 144
new ones created every day. But the 2009s are like, you definitely wouldn't want those part
of the index because those are much more scarce and hard to find. So that's kind of the challenge,
but it's also kind of the beauty of the space.
And also I think that may be one of the reasons
that there was sort of a, you know,
there was a lot of activity like a little bit over a year ago,
but then it kind of fell off.
I think people didn't realize the supply of certain things.
Like I think a lot of people were buying uncommon sats,
but they didn't really do the math to realize that how many are created every day. And I think that
with so much supply coming on, like 144 every day, it's just really hard for the market to
absorb that. And so I think that brought the price of the regular uncommons way down but then you look at the and it's part of the
reasons we have spent time building out the circulation data is because it's like
we want to inform the markets of how many are actually out there so you know what you're buying
and uh you can sort of do the math on rarities yeah i agree you have to be very informed around
yeah i agree you have to be very informed around like this is not uh it's not like bitcoin in that
the amount that's released in every block is decelerating over time it's just flat
with on it's different with every one of these but with uncommon stats it's literally just flat
right and yeah like every block there's going to just be this uncommon stat that pops out
and it's going to be like that for the next hundred years and you have to understand the
supply and demand dynamics right so you got a very predictable and consistent cell pressure
which is nice for a model but you have to absorb that cell pressure otherwise the price is going
to go down we need something creative like uh like you do with runestones and dog i thought that
was it's such an elegant way to blend the two ecosystems and uh kickstart kickstart runes so
we gotta come up with something something just as creative i mean if you want to airdrop 100,000
rare stats to runestone holders like i'm not gonna protest um i would do we i would repost
that um but yeah yeah no i agree i agree um you know the pre-runes were interesting there were
some pros and cons but in general i think it was uh yeah i think in general it was it was a net
positive and i'm i'm happy that it was like an airdrop i think at the end of the day
it's like no matter what it's like i think it's cool that it was an airdrop for free and it's like
i people say that i did it like i've literally spent zero dollars i've done zero dev work the
ecosystem came together to do that and like uh yeah like million dollars donated it's uh yeah i'm glad i could be part of it um okay that was truly one
of the greatest it's still one of the greatest things i've ever witnessed like kudos to you
honestly leonardis i mean the whole just the movement you created and the way it was done
it was just i'm honestly still blown away and i feel
like it's still just the beginning of the story but yeah great i mean shout out casey dude i took
a lot of inspiration from casey like his ethos with how he launched ordinals and ruins and stuff
like that very much inspired a lot of kind of thinking just around like the founder having a founder that doesn't like directly profit like you could
obviously argue that like okay i got more attention so i got more followers and maybe that helped me
raise a pre-seed round for my company like obviously i've benefited i'm not saying i
haven't benefited by but by simply saying hey you know, the goal of it, because the goal of most tokens, if we're being honest, is like the group of people who get together to start it.
It's like, how do we enrich ourselves with this token?
And like that's most meme coins and like non-utility tokens.
I think with utility tokens, the good case is, you know, people are trying to solve a problem in the world, basically.
People are trying to solve a problem in the world, basically.
But for the non-utility tokens, it just, like, doesn't make sense to me to not do it in a fair way.
Like, under what world can we justify?
I mean, I get it.
It happens because all the meme coins on Solana do it.
But in what world can you justify, like, being paid, you know, like, an insane amount of money just like tweet things so
i don't know i i think uh satoshi showed us satoshi showed us how to launch a coin and have
it go to two trillion dollars like that's the template screw all these like other methodologies
for launching meme coins um okay let's find a new topic guys uh I'm trying to think here. Trevor, I saw Bitcoin Art Society purchase Pizza Ninja. Congrats. It was very cool to see. I'm curious to see if they'll eventually kind of launch a gallery and, you know, maybe display their collection. That would be pretty cool.
Jan's juicy drama space.
I'm surprised nobody from Alkanes came up to yell at Jan while we were having that entire
discussion or say that I was like being disrespectful the way I talked about it.
You need to change the show topic, say the ordinal show slash building on Alkanes.
And we'll see.
People will show up.
You have to have the little test tube though.
Otherwise they don't show up. Okay. Okay. the little test tube, though. Otherwise, they don't show up.
Okay, maybe that.
If you do that,
let's see.
Okay, yeah.
Guys, do you remember?
I feel bad because I'm not giving credit, but Trevor,
maybe it was just you and me, Trevor, and not Jan. I don't know why
I feel like it wasn't Jan and just you.
Do you guys remember
we wanted to get to a thousand people in the space? I don't know why I feel like it wasn't Jan and just you, but do you guys remember?
We wanted to get to a thousand people in the space.
And I was like, guys, what can we change the title to and get a thousand people here? And somebody suggested on the first try, they said, what was the title?
It was like Frank D. God's rug.
Frank rug.
Yeah.
Frank D. God's rug.
Right.
And we changed the title
to frank rug literally i mean probably a hundred people joined in two minutes just from the title
change frank joined we're instantly at 1100 people and it's like these are not bots we don't
bought this space ever um and yeah like i feel like what, what's the like 2.0 version of that?
What's like the hot, like, uh, I'm trying to think here.
Uh, while you're thinking Leo, I just remember a great marketing move.
Young old guys, you will not believe what he did.
Why the Alcane guys, they were attacking him.
He turned and he said,
you know what?
Come and say that to my face, man.
Come and face me.
I feel like Tuxedo is trying to start a beef
between the Ordnance and Alkane.
Listen, listen.
We have no problem with Alkane.
We just had one instance where they came up
and just kind of took an approach
of just shitting on an approach of like just
shitting on everything instead of talking about what they were building not there man you were
not there just listen for a second and yan said come and tell that to my face in real life and
the alkane guys they said okay where and he said btc summit i'll send you a link for the tickets
how great of a marketing move is that he invited the alkane to the btc summit with that um yeah i mean look trevor's given jan all sorts of great post
ideas and then jan doesn't do it like trevor had this amazing post idea where jan like jan right Like, Jan, right now you can tweet, I can't believe that I'm having to share or I've been holding something deep inside of me for the past year that I need to finally let out.
And it's involving the Alkanes community.
And then in the second tweet, you just do the Trevor's idea, just the picture of like flexing your forearm or like flexing your biceps um that's that's like a pretty i would imagine that's like a like 30 000
engagement type tweet of impressions right like have you guys seen uh uh is it rich nick
is that his name you know oh my god dude get rich nick why am i forgetting his name? Oh my god, dude. Get Rich Nick? Why am I forgetting his name?
Choose Rich.
He's been going mega viral, dude.
There was some random post where it had like 12 million views, I think.
I checked yesterday.
It's like 21 million impressions.
Yeah, that's crazy.
He's done it by trolling himself.
Dude, I looked, dude.
So he had that post, but he's had a couple posts after it that have 3 million, 5 million,
which sort of tells me that maybe retail is just starting to arrive.
Because I'll be honest, his content, I feel like it's not for us.
It is not for the like crypto natives.
I feel like a lot of the crypto natives find it kind of cringy, but retail absolutely loves it.
And then the crypto natives like it because retail likes it.
Yeah, the dude's got like a formula because, you know.
Is it recent?
Is it recently?
Yeah, yeah, yeah.
Like this past week, just go scroll through his feed.
He's getting just absolutely, like, by far the most engagement on crypto Twitter in the past.
Like he's viral on X, not crypto Twitter.
He's like an X influencer, kind of like Elon or something.
Yeah, so.
Yeah, I mean, I think it's kind of like outrage marketing a little bit, right?
Like most of the people that are commenting on his posts are people that are hating on crypto.
They're like, he's an NFT, bro.
He's a crypto, bro.
Like this kind of a thing.
But he's milking it really, really well.
It works because like people actually, yeah, it's like what he's, it's funny because not only is he trolling the I guess like like retail who got burned on crypto last cycle and hates it for whatever reason.
He's trolling those guys.
But he's also trolling the like actual scammers that do these sort of posts that he's emulating.
Right.
right? Like the dude with like Lamborghini type posts, right? Which is real. Like there's a real
Like the dude with like Lamborghini type posts.
Right.
Which is real.
section of Twitter where like people like do these like private jet posts and then show a
meme coin under it. Like this is a real thing that happens and he's just emulating these guys.
And like, I think it's hilarious. Yeah. And that's another post you could do. It's kind of crazy, bro. Go find Blambetini in Hong Kong and lean up against it.
Yeah, I should do it.
I should probably start doing it, guys.
But it's kind of funny because all of his posts get community noted.
But to get community noted…
I'm pretty sure he's community noting them himself.
Are you sure?
I'm pretty sure.
Dude, Pio and him, they've got a little engine.
They're not stupid, dude.
I bet you like P.O.'s sitting there like ready on community notes right after he posts to like drop a funny community note.
Because that's part of what makes it entertaining is like.
Exactly.
The community note, they're always, it feels like the same person's writing the community notes.
That's all I'm going to say.
And I'll bet you it's P.O.
That's so funny, man.
I definitely know that they did it like a few times.
They wrote the community notes.
I don't know if they did it this time because like I feel like maybe he's like going mainstream enough that someone else is going to do it for him, you know.
But definitely it's part of the game.
How do you actually get a community note?
Like I feel like if you figure out that power, it's kind of like a hilarious hack.
How do you like – I've never been community noted.
I don't actually see many community notes recently.
It feels like there was a ton of them like during the election cycle.
How do you get a community note?
Like how do I, if Jan like posts something,
how do I community note him?
Like, I feel like that would be hilarious.
I don't think you can do it just like that.
I think you can request a community note,
but like, I don't think that you can just like
community note anything. It has to go viral to certain extent so that i don't think that you can just like community node
anything it has to go viral to certain extent so that they don't they even care like like if i post
something and it has 10 000 views you think they're going to community node it i mean who
what do you mean who is they that's what i'm at like to me isn't it just like a decentralized
thing where like you know people well maybe it is but like i still think it's
related to the views because at the end of the day they want to protect people right uh with
the community notes so if you're if your tweet or post is just not going viral if it's if it's not
like seen by a lot of people like that that that why would you prioritize that in terms of like noting it maybe like making
sure that it's correct right like okay so john you need to solve the problem and get more engagement
okay that's the we can we can we can test this like we can test this we can i mean i'm have you
been community noted leo before yeah no i've never been community noted um jan go go make one of these
posts we're talking about like i i probably wouldn't do the Alkanes one cause I feel like your boss might not be happy
about that.
Um, but maybe, maybe do like, uh, go.
We could, we could just, we could just like have Jan, um, like post something like saying
like he didn't skip the ordinal show for leg day this week and how he's, um, you know,
never skips the ordinal show for leg day.
And then we could community note it and say,
Jan has been shown time and time again to skip his own show for leg day.
And then we can all upvote that.
I'm pretty sure if you get 100 people to go upvote it,
I think it might just add the community note.
I think that might be how it works. I don't know.
No, you can. So basically, when you see a tweet,
you hit the three dots menu in the top right.
And if you are in the community notes program, which you might need to have an account that's old enough or obviously have probably a verified account, you'll be in the Community Notes program.
And then in the drop down, like right below Report Post, it'll say write a Community Note or request a Community Note.
people are in the community program before the community goes live on it they will see like
if like there's enough people submitting community notes and you're in that
like noting community or whatever it'll say like we need you to upvote this community note or to
try it like wikipedia where there's like a reputation for like certain people that do a
lot of these things that are probably unbiased because they've like done a bunch of them maybe yeah there might be i think um i think it's initially like random or
accounting i think it must be like that guys i think it must be like that because like do you
do you do you guys see that i mean i have a really old account so like do you guys see
when you um are looking at something like before it has a community note that it asks you to
rate some of the community notes that have been submitted i cannot see i only see a request request the community note i can
request a community note on any post right now but i cannot i requested one for one uh for yans uh
actually post like a minute ago while you guys were talking. I'm expecting some results.
I'll update you.
What post again, bro?
Some random
post where you were talking about
NFTs while you should
be talking about the ordinals.
Find a post where he talked about
Moonbird's tuxedo and community note it.
Oh, shit, man. Please don't
bring that pass back
please man i i got i got feedback it says report to local authorities
yeah and have you done the math if you bought bitcoin instead of moonbirds bro please i don't
even want to do the math please please don't torture me man. Don't torture me
Bitcoin was like Bitcoin was like 15k no at that time when when like
You know, I was well maybe maybe even less than I don't know how much was Bitcoin when I was moving moonbird That's like fucking it's like three more than three years ago. I don't know how much was Bitcoin
Well beyond Bitcoin changes a lot in price
So it depends like on the month you bought, you know.
But was it during, like, the peak of last cycle or, like, after?
Yeah, it was.
Like, were you buying it when they were, like, 30 ETH and Kevin Rose was talking about it a lot?
No, I bought, like, the fifth dip, and I thought it was a good idea.
And it just kept on dipping.
RIP. So you bought it a little bit after that which is good okay cool very cool yeah but still bro
like if i if i bought bitcoin for for that amount of eath i i would probably be a lot richer right
now i mean dude i screwed up like i think i spent like i don't want up. I think I spent like, I don't want to say, I think I spent like seven Bitcoin on 12-fold.
That was not a good financial decision.
Bro, I think there's a lot of examples like this.
Yuga came, collected like an insane amount of Bitcoin and just like never talked about us ever again.
You got three in the auction?
Yeah, man. I know. It's like yeah yeah not great um you win some you lose some do you still have it leo do you
still have it no i know i don't go i i okay after you guys said nothing for six months it became
very clear this was probably not an asset worth holding like the reason you buy you get asked
that is because of like the utility of yuga and stuff and i was hoping they would do stuff in the ecosystem and like so i was supporting that and
shit but they obviously had no interest uh in anything other than collecting bitcoin from us
so that was that you live you learn
but yeah it's the coin we just gotta get someone to get someone to acquire 12 fold now like Yon did
for Moonbirds I mean actually now's the time if somebody wants to acquire 12 fold you would
probably be like very happy to like sell it to you um because they're like clearly re I think
it's actually smart I think they have too much IP and kind of diluted their brand a little bit too much. And they're. Yeah. Refocusing on their.
Just core IP.
And their like core.
You know crypto native holders.
And then their future of the company.
Which is the game.
So I.
The strategy makes sense to me.
I think they just have to execute on both those things.
And they'll be successful.
But yeah.
I don't think like.
I don't think the other like 10 things they bought.
Play a significant
role in their future it's like the board apes need to be competing like head-to-head with pudgy
penguins for like cultural relevancy and the holders like when's the last time there was ape
fest you know what i'm saying like bring that whole thing back and then yeah like ship an awesome
game like that would be cool like you know i want their game to be fun
like you know onboard an insane amount of people and like people on twitch are like streaming and
stuff like that's the space needs that nobody's really really kind of hit a home run there from
the gaming side of things and i want to see it happen yeah the ape fest is actually in october
i think so they're doing it again this year okay okay that's cool where is it is it new york again
no it's in vegas oh shit i feel
like vegas is like kind of like a no-brainer decision for like if you're going to host a
conference in the u.s like it's like uh it's like pretty centrally located for everyone i guess it's
out west a little bit for east coasters but you've got like awesome hotels like cheap hotel rooms
there's tons there's like infinite fun things to do.
I think Vegas is where the Bitcoin conference is going to be again next year now.
David, I think, announced that it would be the same place because they liked it so much.
I'm not a big fan of Vegas, bro.
I don't know why.
Do you not like gambling, Jan?
Yeah, I don't like gambling.
Go ride that.
There's like a roller coaster on the top of this.
It's like the needle.
What's it called?
You know what I'm talking about.
Like at the end of the strip, there's like that giant point.
No, I literally have no clue, bro.
Like what is it?
I don't know either.
It's a giant needle shaped building.
But you can ride on this roller coaster that like hangs you off the
side you can actually jump off the top of it with a bungee cord too that that's what you should do
um i've never done that i want to go do that though that looks very fun that's like my
intermediaries i'm very scared of heights so that's like i've done a hundred foot bungee jump
now i gotta do uh i gotta do the, uh, the spire thing in Vegas jump
and then actual, actual jump out. Has anyone here actually jumped out of an airplane?
Gone skydiving? Nope. Okay. Yeah. Yeah. I have. Yeah. Oh, you have. Yeah. And like,
are you, do you have, you guys haven't, you guys on the stage haven't? No, I won't. It's
like a goal I have. It's like somebody who has haven't no dude i won't it's like a goal
i have it's like somebody who has a fear of heights i think it's like uh it's like a good
life goal for me um yeah so just don't like if you go with a group like i'm with a group
i was the last person to jump like on the plane like i'm like you know like you want to be probably
like the third person to go like imagine there's like 10 people and you're gonna jump out of a
plane for the first time um and you're all going together like you want you don't want to like it's
the most uh stressful before you jump you know like you're like oh maybe i should turn back maybe
i should like not do this right like this is a bad idea so you want to like be one of the first
people to go just probably not the first but i was like the last person to go so it was uh yeah i was i had a lot of time to think about it yeah i definitely want to give it a try
so do you have a fear of heights at all though or like like a little bit i guess um i wouldn't
classify it as a fear of heights but i but like i get if you if you look over something that's
like really high up yeah like i feel but like are you like, if you walk up a steep staircase, are you like clinging to the edges?
I mean, mostly not, like probably 90% of the time not.
Depends on the stairway, right?
And I wouldn't even cling to the sides, you know?
I mean, I'm like, my knees are very bent.
But dude, I would never do what like Drifter Shoots does.
Yeah, fuck that, dude. like drifter shoots does. Yeah. Fuck that dude.
That's yeah.
That's not on my, some of these, some of these other crazy people that go up to like the top
of these buildings with like a giant camera.
Like I, dude, I, I don't know how they do that.
I guess his story is that he was a, what it wasn't, I think he was like a, um, a paratrooper
in the military.
I think, yeah, he's ex military.
Um, yeah, yeah, it's pretty cool.
So he, he was like doing it to ex-military. Yeah. Yeah, it's pretty cool.
So he was doing it partially to treat his PTSD, right?
And I think he would jump out of planes a lot in his military experience.
And he's free soloing.
He's like the Alex Honnold of buildings, right?
Because he's not strapped in or anything.
I mean, I don't know if he is or not, but he does it a lot of times by himself.
I mean, it's dangerous as hell. Yeah, you have times by himself. I mean, it's dangerous as hell.
Yeah, you have to respect that.
I mean, that's a special human.
I just pinned a post.
I thought it was a meme at first, but it's actually real.
Coinbase has a drink at Erewhon now.
That's not a joke.
So if you want to go and get a base drink, you can do this apparently at Erwan.
Is that that new special nitrogen-infused water?
Wait, is it actually?
No, I hope not.
Have you not seen that?
No, no, no.
What is it?
Nitrogen-infused water that's been promoted on YouTube and other fake sites. Why would you want it?
What's the health benefit?
There is none absolutely
nothing at all it's it's snake oil it's it's users tears that they have been collecting for years now
is that a joke about base uh or coinbase is users angry at them
uh i will not go into detail.
I just wanted to really quickly ask Trevor regarding the previous topic.
Trevor, did you develop after jumping from the plane a high resistance for adrenaline rush?
Because I have a friend that he jumped once and he never stopped.
He goes every couple of months now.
No, I didn't.
I mean, it is pretty crazy the adrenaline rush that you get.
And it was funny because after you go skydiving,
you've never gone if you go with the group.
Like what happened on our trip is like everybody passed out on the bus ride back.
It's like you land, you're like, well, it was a great experience.
They'll go on the bus to ride an hour back to the hotel or whatever.
Like everybody just passes out
because of the adrenaline rush.
It's like you probably
felt the adrenaline from
driving in a fast car or
being on a roller coaster or these kind of things, but it's not
the same because you don't pass out
to take
a nap. It's not
like fainting,
but it's like you just kind of feel tired and take a nap you know like it's not it's like not like uh fainting but it's like you you just like kind
of like feel tired and take a nap are you so high up that you lose like your the the sensation from
like you actually lose your fear of heights because you can't even see the ground anymore
i mean like i've been on like on the top of a cliff diving board like it was 20 meters and
i had to hold on the side of a railing sort of thing.
My legs were proper like jelly.
But the idea of jumping out of a plane actually appeals to me.
I don't think I'd actually be particularly scared of it.
Yeah, it's pretty cool.
I mean, it's really windy.
Like the air is like, it's not like you're just like chilling
and like you're flying, you know, and it's just like a bird.
Like the wind is like, you're going so fast, the wind is like whipping's not like you're just like chilling and like you're flying you know and it's just like a bird like it's like the wind is like you're going so fast the wind is like whipping
in your face so that's a bit of an uncomfortable part about it yeah i've been indoor skydiving and
that was my experience it was like when you're looking from the outside in it looks like super
peaceful and like you're in gravity but when you're inside of it you're just getting like
whacked with air like very very, very loud air.
It's an interesting,
is that the vertical wind tunnel?
Yeah. Yeah. It's like a band.
It looks fun, but yeah, I've seen videos of that.
And you have to wear like air protection. It's so noisy.
It's very loud.
Extremely noisy.
Yeah. Yeah. It's pretty simple.
It's a big glass tube with a giant fan in the bottom and
they turn it on and just like shoots it up um yeah cool what's up sam by the way how you doing
first time on the show all good thanks mate thanks very much for having me up um yeah i probably
should be like i'm asking to maybe talk about Top Cats a little bit. Before I do, though, I actually wanted to ask Danny a question about the rare sats and stuff.
And it's actually something that's mentioned as well.
Basically, there's a cost to it, isn't there?
Like isolating and stuff like that.
Do you guys bother isolating the more common ones?
Because obviously there's a lot of pizza sats.
And the actual individual value of each one is obviously very, very small. Surely the cost of isolating it.
Correct.
Do you have like certain ones then or do you have like a set level,
like anything above like a Nakamoto vintage will isolate anything below that
or anything?
Is it like a dollar value you put on it or do you take risks and actually?
It's a great question.
I mean, it's a huge part of the strategy that we basically,
it's basically like dollar value current floor price.
And so it's changed over time of like what's, you know,
developed the market and what hasn't.
So, you know, for example, there's a lot of pizza sets,
but there's a relatively, relatively small amount of pizza palindromes. And so we always get the
pizza palindromes. And then but for normal pizzas, you know, we'll only take it if it's like a really
big chunk. Or if someone wants some pizzas, for example, or like a pizza,
a pizza uncommon is like super rare. I think Trevor, you guys have done some stuff with that.
So totally depends on the market value when we decide whether or not to take it out.
Okay. Makes sense. And you said like, like, unless you get a big chunk, so you can actually
get more than you'd like more than one to isolate at a time.
Can you?
So does that happen?
Yeah, definitely.
So, you know, sometimes you'll come across like a chunk of like, I don't know, you know,
it's like 2 million pizza sets all in one big chunk.
And then you got to decide if you want to grab all of them.
Cause maybe that'll sell for like a little premium or sometimes you grab it because there's a couple palindromes in there
um so yeah part that's part of like the tech that we've built is
stuff to i have lets you configure like at what thresholds you want to
and what and also you have to take into account the current fee rates.
So like, because the blockchain fee rates, you know, if it's really busy and it's 50
sats per V byte, it's the extraction is going to cost that much 50 times more than if the
mempool is empty and it's one sat per V byte.
So the fee rates, current fee rates, current floor prices, and you kind of do the calculation.
Awesome. Thanks, man.
Yeah, good question.
All right. Yeah. Anything else going on, on guys we want to talk about? I think that was pretty much, let me take a look at my notes really quick,
but that was most of the conversation topics I had prepared.
Yeah. Have you tried Grok 4?
I actually haven't. Is it good?
It's different.
I like it so far, but I don't,
I think I just have a bias because it's so convenient and it's right there in
the X app, but I've been playing with it a good bit. It's kind of cool.
So Leo, have you seen, have you seen, but have you seen the, the companions?
That's like the main feature. I mean, I've seen Elon like tweeting about it,
but I haven't actually used it. No, this is like the AI girl thing that like people are mad about.
I don't know if people are mad about it, but they're talking about it.
And it's, they're talking about it a lot.
I mean, is it good? Does it work? Like, have you guys tried it?
I mean, define good.
Does it work in what sense does it work?
I guess what I'm asking is compared to like the chat gpt
voice that's like in my opinion like a very like it sounds like i'm talking to a real person is it
that good or does it still sound like a robot because like grok's last voice i wasn't impressed
with i think the i think the voice is good but i think you can like you talk to you can tell it's
ai but it is um like remember people were remember people were, remember people were kind of complaining, uh, chat GPT about how the AI is like a sycophant in
the sense that it just like tells you what you want to hear.
Yeah.
Yeah.
Yeah.
This is, there's, there's, this is like that, but in a different way, it tells you exactly
what you want to hear.
It's a sexual thing, right?
Like, isn't that what people are talking about?
Like it's, it's basically like a sex AI it's like the her movie right kind of yeah well
i mean i haven't talked to it that long i mean maybe if you talk to it long enough you know like
but uh but no it's like it's like we'll see the the waifu or whatever companion will like
simp for you immediately as soon as you like try to ask
it anything you'll be like hello and it'll be like hey babe good to see you i missed you so much
like literally why why is he on releasing that like why do we need that it did uh i was trying
to use it last night and it went down and it was because the feature just launched and like all the
japanese like the japanese users were like coming on it.
Apparently, that's when Nikita Beer, the head of product that Twitter was saying.
To me, that's like a very depressing future of like, whether it's like friend or like sexual partner or whatever.
If you're just like, if it turns out that people are just talking to these like AI bots instead of each other in the future, that's a shitty future.
I don't care if it's, like, better to talk to.
Like, that's just not, like, holistically zooming out, that's not a good future from my perspective.
But maybe the kids in, like, 100 years will think I'm, like, some old grandpa saying that.
But I don't know.
It just seems like, like, I think we've already detached ourselves, like, probably way too much from our humanity um just like the day-to-day like it's changed a lot in the last hundred years and
we should probably get more in touch with that not just completely completely disconnect from our uh
yeah the way our ancestors lived for a very very long time and um i was gonna say like
it's only
the feeling that you have when you don't have your phone
around, you know how you get that itch
where you don't have your phone, where's my phone?
A lot of people can't
live without it and I think the younger generation
is probably even worse than our generation.
It's going to be
you're going to have the same thing
when it comes to AI. It's going to be worse.
A lot of people won't be able to function without it to me like i'm cool with having the ai do the things where like if in human natural voice i can just solve the same problem
that i would have to like go tap a bunch of menus and buttons in my phone to do i kind of like that
like it's like i think of it as a tool where i can do a task faster or
better that's a good that's a good use of ai a bad use of ai is like the just like pure
entertainment like replacing social interaction that's not good yeah yeah it's definitely it's
definitely not good or not healthy i think and um And yeah, I hope it ends up being more like AI in Star Trek, you know, like computer, do this, right? Versus Her, right? The movie Her would be the other end of the spectrum.
People will like watch friends on Netflix instead of like going to like hang out with actual people.
And I mean, literally you're simulating the same like serotonin and like social chemicals in your brain by watching like some Netflix show with like a bunch of drama and like people talking to each other.
It's simulating the same sort of chemicals, just like a weaker, just like you, you created the chemicals through
like not the thing that your brain was wired to have the chemicals be released for. Right. And
yeah, it's like probably taking that to the extremes, probably bad, probably not good.
Yeah. Like if you, let's say like, like to me, the goal of life is not just optimizing like the
amount of good chemicals in your brain. Like if just optimizing like the amount of good chemicals in your brain.
Like if optimizing the amount of good chemicals in your brain means that you're just like sitting, talking to like an AI that like worships you, that's not good.
Like the goal is not just chemicals in your brain.
The chemicals in your brain, yeah, are not the end goal.
I think it's like we should not just be like trying to
get the next dopamine hit and stuff that's not the goal of life i don't know what you're saying
man the chemicals in my brain really like my new waifu but you said that in 100 years from now
people will think that you're some old grandpa well uh the way things progress with this current pace, I think that today we are closer to 100 gatherers
than we are to people 100 years from now.
That's how advanced it will be.
Look, I hear you, but I would like to think,
and I see this happening,
I would like to think we're actually
in a pretty shitty period right now.
And what I mean by that is like we got all of this
tech really fast but we haven't adapted to it very well so like if you you kind of watch the trend of
like kids getting super messed up by just like scrolling through social media all the time it
has all sorts of like ripple effects in their social lives and stuff. Then that guy wrote the book, the, uh, shit, I'm
forgetting the name. It's like the anxiety effect or like, uh, it's the guy who's basically
encouraging schools to ban phones. Um, yeah, I'm forgetting the name of the book, but it came out
like two years ago and it's actually happening. Like high schools throughout the country are just
like banning cell phones. And I think that's a positive thing.
So like we have to adapt to the fact like, okay, we have this new thing that happened
and we basically just like unlimited kind of thought it was a good idea to scroll through
TikTok all day.
We're now kind of realizing that, okay, we have to scroll through TikTok only 30 minutes
a day.
And it's kind of like a reaction type thing that happens where you just kind of everything happens
it's crazy and then we kind of rein it in and then socially we basically just figure out how
to incorporate it into our lives in a way that's like more positive um and not just go overboard
excess of everything right yeah so like that's how it'll be with ai tuxedo to me it's like
yeah something like probably for the next 15 years a bunch of people it'll be with ai tuxedo to me it's like yeah something like probably for the
next 15 years a bunch of people it'll be like a really cool thing to have like a waifu girlfriend
for your entire life and then probably like people in 50 years are like well we measured
and that person had a miserable life it turned out and they didn't know what an actual life was
really like so now we tell ourselves and we teach our kids not to become waifu people and
then that's how it happens i feel like right yeah i i agree to a certain extent but regarding what
you said uh schools banning uh forms this is this is not a solution uh our society in general is is
forcing in a way the younger generations to be more productive in terms of,
hey, come up with the next big idea, come up with the next big revolution.
Today we have more 18, 19, 20-year-old entrepreneurs than ever before.
So restricting them, well, not just a phone,
but the phone is a portal to access every tool that they need in order to become the next big thing tomorrow is not a solution.
And also, yes, we will fuck up big time for the next 15, 20 years before we realize as human beings that, hey, we need to get a good set of rules here in order to control this ai thing
but yeah time time will tell yeah look i'm i'm pretty much aligned with that like the crux of
my argument comes down to like technology is not inherently a bad thing right you can use it in bad
ways and yeah we basically need to separate the use cases that are like solving problems that we have, using technology as a tool to solve a problem versus just kind of mindless entertainment, dopamine hits.
the spectrum of like watching like an awesome artistic like great well-produced movie well
directed movie great writing that like a bunch of people poured their time and effort into and then
you got immersed in this story and you came out of it and it like has a profound effect on your
life that's like a great example of like just tv and like movies right it tells the story basically
the same way people would pass a story,
you know, through word of mouth orally for the past hundred thousand years.
Like that's the modern version of that. I think that's important.
But then like on the other end of the spectrum is just like scrolling through
tick tock. Like, but like, like if you watch people,
like I don't use tick tock and I watch people on tiktok and i'm probably very
similar with twitter so i'm probably very hypocritical here but at least i tell myself
i'm you know working when i'm on twitter which is probably a bad excuse but uh tiktok people like
have like you have like one and a half seconds to capture their attention or they just go to the
next one and then they go to the next one and then they'll watch like they're not even watching the full 20 second tiktoks they're
like getting bored halfway through and what's happening is you're just sitting down for an
hour or two hours or three hours and you're just consuming 2 000 very tiny stories and i'm just
not sure that's like good for the human brain and And I think depth and yeah, I don't know.
I don't know.
I think it's like a spectrum of this stuff.
I don't think it's like inherently good or bad.
And I think we just got to, we got to find our place on the spectrum.
That's like what we think is like ultimately a net positive.
Like it's very hard to argue that like anything medically related with technology is bad.
Like this is obviously good.
It's the same thing with crypto.
It's like, if we can get the entire world off fiat to Bitcoin,
you're going to find very few people who think that that's a bad thing, right?
But if somebody just like creates some like super scammy meme coin
and then like pulls the liquidity,
that was probably a bad use of this technology.
So, you know we gotta we gotta figure
out we gotta figure out the good and bad right and i don't think you cannot just bucket everything
it's like there's meme coins that are not the just like intentions matter a lot i guess is my point
and we're gonna have to kind of deal with uh a period of like a lot of change in the world
and yeah my thought is we're gonna have
to kind of come out the other end of it with like a new set of kind of social norms of like what's
good for you and what's bad for you and yeah it's gonna take some time but now I guess we're in a
period where people are just having fun checking out embracing it I think a lot of people will just
go way overboard I guess is the point that I'm making and it's like nothing in excess is probably very good okay can i be devil's uh
advocate for a second uh first of all i want to say i imagine you being one of those guys that
before they they go to bed before they fall asleep they watch videos of other guys building houses
with their bare hands and tools and they're like yeah this is life which
I enjoy from time to time but regarding what tiktok has done to our attention span I kind of
like it because I I grew up watching all these unboxing videos of all the tech I used to love
uh like a decade or more ago and the content was bad like i had to watch how the guy unboxes
everything reads the manual before he actually shows the product i was impatient so this um the
the damage that they have done to our attention span they also have improved product presentation and information like we now get more quality information within a
shorter period in some sense yeah man and look i genuinely i agree with that my point is that
use like go just watch that one 30 second video and then be done with it like once you've gotten
what you wanted to get out of the technology just move on don't watch a hundred of those to fill the same time
you would have spent 30 minutes watching the boring video you know what i'm saying
yeah leo are you gonna allow your your kids to to have ticked my kids will get like
when they go to college they'll get like a calculator
oh shit of my kids will get like when they go to college they'll get like a calculator
oh you have in the states uh what is it called abacus the the the one that they do math with uh
I mean, I'm not aware of that.
I never did that in my education.
So you are modern after all.
uh with a wooden board i mean i'm not aware of that i never did that in my education so you are modern after all
I mean, dude, they taught us how to write down how to solve the math problem.
But they also obviously gave us calculators.
Look, obviously, that was a joke.
Obviously, I'm not that hardcore.
I'm just saying, yeah, probably, I think, like, probably social media, it's, like, very hard to, like, if you do let your kid get on it, it's very hard to control them.
Not just like, remember when we were all like 15, like the way your reign is, you just, you're just going to go hardcore at everything and like not give a fuck.
So I think it's like hard to, it's hard to control your kid on social media.
So it's like, if you do give them social media, they're probably just going to be on it an insane amount and it's like you'd have to really
be monitoring it so like yeah i feel like probably look it's it's every parent has to figure this out
like there's i feel like if your kid's not on social media they might be like a loser or something
at school so there's you know i have to think about this more okay i don't have kids so i have
some time but uh i think there's going to be limitations around technology is my answer.
Absolutely.
All right.
So now that we've talked about the existential threat of waifus on human civilization,
should we wrap this puppy up or
we have
anything else we want to talk about?
I don't have anything else, guys.
You don't want to fud Alkanes?
You don't want to fud Alkanes anymore?
No, I never fud
anything, especially not publicly.
Wait, am I allowed to talk about Alkanes? If I fud anything, especially not publicly. Wait, am I allowed to talk about all that?
If I fud something, I probably...
It came to me in the DMs.
Yeah, I never did that.
But you can send screenshots, bro.
I'm down with that.
What's supposed to be shilling my project?
I've never done a shill.
I don't know how to shill.
I don't know how to shill.
I posted a link up on the Jumbotron,
whatever you call it, up on the top.
Feel free to check it out.
Okay, well, look, if you're going to shill it,
you've got to do a little better than that.
You've got, like, 30 seconds.
Give us the slowdown.
Okay.
Top Cats, it's a 1,314 piece Ordinal collection. We've got tiered
rarity, recursion, we've got lots of tributes, Easter eggs, 1-1s and some animated pieces.
We've got Solid Roadmap lined up with an exclusive 1-111 art collection exclusively just for our
holders we're just about to release NFT staking in partnership with stack it
we're joining the mining pool what's it called the parasite mining pool and also
we've got an end of mint contest that we just started where people can win a
custom pizza one of the brand new pizza ninjas custom designed by Boozy,
an all-time maxi beers, a big fat pile of dog,
some Billy Cat runes and some good old fashioned Bitcoin.
It's basically, it's to incentivize holding.
All you have to do is hold a Top Cats until the end of Mint.
And if you want to increase your chances,
new mints and new secondary purchases each get a
additional entry to the contest are you the artist that's right so yes i'm the i'm the artist and
founder yes very cool very cool i mean look it's it's neat what's your like uh like you say like
i'm just reading your bio you're a digital artist like what's your uh kind of tool set that you use
for like creating
art on digitally like obviously these uh they're like very clean i'm guessing it's vector based
um yeah well yeah pretty much yeah um a lot of it's done in most of it's done in photoshop
and the animations are actually done in 3d studio max um which is not what most people would use, but it's kind of just what I know. It's what I've done for the last 25 years.
I've been a digital artist, 3D animator,
and character animator.
But the last few years, as I'm moving into web-free,
I've sort of started doing more and more 2D stuff.
So are these inscribed?
Are they on-chain right now?
Yeah.
I'm sorry, yes.
It's all fully inscribed. The collection's minting right now yeah so yeah so I'm sorry yes um yeah they're all it's all fully inscribed the collections uh minting right now on magic aden um I should
probably drop a link up on the jumbo tribe that's okay if you don't mind oh is yeah man
I mean look we're closing down the show so it'll just okay well they'll be there for 30 seconds
they can find it through that the link at the top they can they can they can find it through that. The link at the top, they can find it pretty quickly.
All right, well, look, man.
But yeah, we're currently minting on Magic Eden for .3036,
so about $40.
So a pretty humble price for an Ordinal Mint, 1314, about 55% of the way through on Mint.
Awesome, I minted.
Legend, thanks, mate.
When are you like, it's alive now, is what you're saying.
Obviously, Trevor just meant it.
Yeah, it's live now.
Very cool. Good luck, bro. That's exciting.
Thanks very much.
Awesome.
Awesome. Okay, we did get Ganja popping up on stage.
Do you want to say something before we end the show here ganja yeah sorry i don't want to prolong it first of all gm to everyone i hope
everyone's doing good and keep up the bullish vibes uh i don't normally shill i usually come
up to chill but i did hear shill so i this real quick. I'm just a community member. But you guys remember Omen, the Omen NFT, Omen Ordinals.
They reopened the Mint because we, too, are also going to be turning the Ordinals into miners.
And I think they're joining.
Yeah, they are joining the Parasite pool as well.
So, I mean, I think it's the best art on Bitcoin.
And they're all miners.
And you're going to be sharing in the revenue.
I don't want to shill for too long. But check it out, bro. I definitely think it is the best art on Bitcoin and they're all miners and you're going to be sharing in the revenue. I don't want to show for too long, but check it out, bro. I definitely think it is the best
art on Bitcoin. I know Leonidas, you've seen it before, bro.
All right. Appreciate that. We'll extend the show for three more minutes. If anybody wants
to come show something, we'll have a little show session to give everyone a fair opportunity.
If you want to come on my dad if you want to come no no it's fine it's fine it's fine it's fine um i'm just i'm
glad that people want to shill things does does anybody want to shill dog i mean if there's a
meme coin anybody wants to talk about that they really like that might be very cute if anybody
wants to come till any token around big you can't like 3d sam it would have been very funny if you came up here and then
talked about like i've got this 1100 piece collection it's on solana like we do have
people come up here to do that um it's like you read the title you know what maxi nft bitcoin nfc
show you can imagine uh if anybody wants the opportunity though we're gonna wrap why don't we
we got a show we got a show for dog of Bitcoin.
If we're doing this, I just got my plushie and I'm post.
I just posted the picture in the comments.
I literally just opened it.
So shout out to Vito.
He's doing so much for the dog community.
And when you mint.
Sorry.
When you get a plushie, you get to mint a season two or no.
Shout out Vito.
Jan, do you want to do a show for alkanes really quick
yeah um i don't know what to say about alkanes what i should say
guys book your book your flights and come to hong kong if you have been listening to the show and
if you apply code gm hong kong 20 you're going to get $20 off. It's going to be only live for like next two hours.
So you cannot game it forever.
So if you guys want,
you can get a ticket for Bitcoin Summit for just a couple bucks.
And yeah, come to Hong Kong, it's going to be fucking great.
I talked to David Bailey yesterday,
and he said that they already have around 7,000 registered
attendees for their event, Bitcoin Asia, which is double the size of last year.
And so I think it's going to be fucking awesome.
So you guys better, you guys better show up.
I know Leonidas doesn't show up anywhere, but you got to show up and read.
I'm the keynote speaker, man.
I thought I was the keynote speaker, man
Yeah, okay, so uh, do you have your hotel booked already? Uh, do you need my assistance with that? I mean i'm giving a keynote, right?
Make sure the stage is reserved. Make sure the stage is reserved
Okay stage stage is reserved stage is for sure reserved for you, but uh, yeah for everybody you know just just make sure that you have you have your tickets you have your hotels and everything it's gonna be great
we have like 44 days to go it's still a long way but uh you know we we push in every day
love it love it love it we have uh DJ Clitty Litter has joined the stage.
DJ, you have 30 seconds to shill.
Anything you like?
Lee Mattis, what's going on?
What's going on, Trevor?
So Tiger Woods, fuck my mom.
Still putting it out there.
Hasn't minted out yet.
Great room.
It was basically
inscribed on the
hiding block.
Let's fucking go.
Still not minted
out yet.
We're going to get
there one day.
I have confidence
in the runes
ecosystem to get it
done.
We're going to get
it done.
Shout out DJ
Clitty Litter.
Appreciate you coming
Hope you're doing well we have a couple
dog PFPs on stage
is there anything maybe you want to say in the shill section
I don't know
I would like to shill something
I would like to shill and shill hard
okay go
so basically guys you will not believe this.
There exists a meme coin that is free and fair.
I know it sounds crazy, but it is true.
The ticker is DOG.
Now, you might be wondering why I have this PFP,
because my PFP was something else.
Well, basically, because there is a well in quotes
war with pengu right now don't get me wrong i i love the nfts but right now we have to fight
against pengu the ticker on kraken because we need to get that spot on the rear wing of the car or
of the formula one car why is that important well first of all think of
it this way why shouldn't we be first why shouldn't be dog there and exposed to millions of people
i already mentioned this free and fair are you listening so guys go to kraken the app not kraken pro and start trading every trade counts doesn't
matter big or small you don't have to be a whale to to influence things dog doesn't depend on whales
this is a community driven power go do your beat and let's see our favorite four-legged friend on the rear wing.
I'm going to wear this TFT until we win this race, which we have like 20, 21 days.
Yeah, we got three weeks left.
A lot of time left.
Yeah.
Let's do it, guys.
Yeah, let's kick their ass.
Yeah, appreciate the shout out i think
most people are probably aware kraken has a competition right now and one of the tokens
in the competition is a rune and yeah it would be pretty badass if a rune uh won this trading
competition especially like look bonk and pingu shout out to those guys like they are having a
pretty big hype moment right now so like you know they're performing But, you know, dog runes are hanging in there.
And, you know, we got a lot of time left in this.
So, we'll see what happens.
But if we win, obviously…
Can I be honest, bro?
Can I be honest?
At this point, people might see the leaderboard and say,
hey, dog is second place and it's like a million dollars difference.
Guys, let's be realistic.
The only person that has not PFPp'd penguin yet is the pope himself
like this week was crazy yeah that's my that's pretty much my logic as well there's no way pengu
does what they did this week for three more weeks at least fingers crossed because we're probably in
trouble if they do but um i think it's like very unlikely like they had a pretty unprecedented week
um of attention um i'm also going to just shout out quickly, there is a literal publicly traded company
that we talked about this last week that's just buying up as much dog as they possibly
can.
This morning, they acquired 10 million more dog.
An hour ago, they just acquired another 20 million dog.
They have basically shifted their entire thesis to basically being the micro strategy
of Dog.
And yeah, this company is just kind of going, doing micro strategy for a meme coin and they
chose Dog to do it.
And yeah, it's pretty wild.
Like, yeah, I want to show these guys some support and we will see what happens. But yeah, it could be an
interesting catalyst. Um, we'll have to see, we'll have to see how this all plays out, but they're up
to, I think like a little over 50 million dog now. And it's, it's not, you know, there's obviously
dog whales who hold more than that, but they have a target of acquiring 200 million and they're like
seeming very serious about it.
And, you know, if it all goes up like this, it could be a pretty significant engine that could start there.
But I think I think from what I'm seeing is that basically like there's an interesting possibility of like a lot of attention there.
If these guys just kind of keep at it, they're issuing press releases every time they do this and you know you never know maybe it'll catch on maybe like one news outlet will
talk about this maybe decrypt will talk about this sort of a thing coindesk talks about it
you never know it might become a thing we might have meme coin micro strategies sooner sooner
than people uh probably thought we would and dog just happens to be the first one, which is pretty cool that
this is happening. So shout out to the C2 blockchain guys. They're also Bitcoin miners,
just for the record. So they like Bitcoin a lot. Okay. I think this is the end part.
Which is bullish as fuck because they got revenue coming in consistently and they're
and they're just using that revenue to buy.
using that revenue to buy. So they're not taking out loans.
So they're not taking out loans.
Yeah, they basically have a mining operation
and they can obviously take revenue from mining.
But I think they're also publicly sharing
that they're also raising money
and issuing shares and stuff to buy dog.
So they're doing the sailor flywheel
or doing a small version of the sailor flywheel or like you know doing a small version of the
sailor flywheel we'll see if it actually gets going or not but yeah shout shout out to those
guys i was pleasantly surprised to see that popping up uh in my timeline like two weeks ago
and since then they have just doubled down on this strategy and let's keep giving them attention
you know you never know where this could go vin Vincent? I'm sorry to interrupt. I see Vincent
coming up and dropping. I just I don't know if he's listening. Vincent great job on the interview
man. We really enjoyed it. Thanks man. Yeah that's that's literally what I was gonna say.
Oh sorry go ahead Vincent. No I mean what were to say, Leo? I was going to pin your video off and just say, great job.
People should go listen to it.
You've been quiet on stage today. How are you doing?
Yeah, just observing as you guys were talking.
I've just been paying attention to the meme coin market.
My whole thing is always just watching the charts,
watching the statistics on a 24 7 basis so
it's just very interesting that over the past seven days all memes are in the double digits
dog on the other hand is down negative two percent when you think about that price suppression
it's happening and i just don't know why it's happening it's
not like you typically you know you usually see that what I'm trying to say
is that dog is acting like Bitcoin right now you can kind of tell like there's a
lot of price suppression and that's just something that's been on my mind right
now but yeah I mean I thank you so much I really appreciate that interview with
origin was very insightful I hope that it was very insightful for the
audience as well, because there's a little bit more clarity around, is Kraken listing
runes? Are they looking into it? And I hope that that's allowed the rune community to
celebrate a little bit, because, you know, having an exchange like that
be very transparent, especially Arjan himself. I just think that in order for
Dawg to win, runes need to win as well. And I do care about these little communities that are
soon going to be in the over hundreds of millions and hopefully soon billions, hopefully this cycle.
But yeah, I hope it was a score for the Ruins ecosystem.
Yeah, man, I think if it didn't,
if it wasn't clear already that Kraken was bullish on Ruins,
I think you made it very abundantly clear
in your interview with Arjun,
and he was very clear about his thinking.
And I think it's important people will just see tweets
and kind of just infer things. You talk for 45 minutes, got a pretty
good feel for how they actually think about things. And they're basically, I mean, I don't
want to summarize too much, but they're bullish on just this ecosystem. And I think, you know,
Arjun comes from a background of like venture capital at tribe. And basically he basically articulated that he enjoys being early to things
and like kind of getting in the trenches and like trying,
playing with new products and just like,
there's something very fun about being there at the start.
And, you know, when it's big and everybody knows about it, you know,
it's cool to join them too, but it's neat to kind of ride that entire,
that entire wave, that entire that entire
wave that entire process and he thinks that just like this bitcoin ecosystem like
yeah we've got a great opportunity to onboard and basically kind of transform how people think
about bitcoin and what you do with bitcoin and its meaning in the world. And, you know, runes is like how that's manifesting today.
And he wants to support that.
And yeah, he basically very clearly, Vincent just straight up asked him, are you looking
at listing other runes assets?
And his answer was yes.
So, you know, I've been in contact with most of the other top Bitcoin meme coins minus
Arsik.
And I've been encouraging everyone like this is the
opportunity like go raid just engage with kraken as much as you physically possibly can um this is
like a huge opportunity for the ecosystem let's take advantage of it let's uh let's uh use this
to really activate not just dog,
but all the runes.
And I think it's like,
you know,
Kraken,
you know,
hopefully we'll see that there's some more than just like one awesome
community.
And hopefully they'll want to bring that asset to their,
you know,
users of their exchange.
That would be pretty awesome and just bullish for runes.
So I'm,
you know,
I don't control the listings over there and neither does Vincent and, you know, we just talked to these guys, but, you know,
I think that they, they want to see this ecosystem of Bitcoin succeed and they're here to, you know,
hopefully, hopefully lift us up. And hopefully at the same time, you know, we'll remember that when we're, you know, 10 years from now, five years from now, just like this entire ecosystem is like, just like, you know, 100 times bigger type thing.
You know, I think they want to lay kind of like plant their flag in this ecosystem as a centralized exchange who took an early bet and wasn't just the, Arjun gave the example of most of these guys at these exchanges make decisions
based on will I get fired or not.
And it's easy to just say, oh, we're going to just list another Solana meme coin because
you're not going to get fired probably for listing Solana meme coins.
But taking a bet and having your engineering team integrate runes and take a bet on this
newer protocol and this newer ecosystem, I don't know if you would literally get
fired, but the point is it's a riskier decision. And I think his point was like, it's risky not
doing things like that. Like you, you want to be on the bleeding edge when you're this huge company,
you know, Kraken's a $10 billion plus company. The risk isn't that you're going to integrate a
protocol and it fails. That's totally fine.
That's just take a bunch of risks.
Some of them will pan out, some won't.
It's way riskier to just do nothing and never take risks.
And then you get replaced by some tiny startup that is innovating.
So you can kind of see that with Kraken's product lineup.
And he talked about that in depth in the interview.
So shout out, Vincent.
You did a great job, man.
Thanks, man. Before I head out and Tuxedo, thank you so much. So shout out Vincent. You did a great job, man. Thanks, man.
Before I head out and Tuxedo,
thank you so much for the shout out.
I really appreciate it.
The last thing I want to do
is just mention to everybody,
if you can participate
in the Kraken F1 challenge,
if you don't know what that is,
basically trading volume is very important
to win this contest.
Dog is currently in second right now
and it's catching up to Pengu quite a bit.
And surprisingly, Dog and the holders
have caught up to Pengu,
meaning that you would think that
with the Pengu traction,
the training volume that they had,
especially over the past week
with their marketing budget,
that you would think like, oh, you know, they have a really strong start.
But over the past three days, surprisingly, Dog has not lost,
hasn't lost as much percentage gap with Pengu.
So that means that whatever people are doing right now, if they're trading,
if it's buy, sell, trade, or convert or whatever, it's actually working.
So I just want to make that very clear to everybody that, you know, Bonk right now just saw a surge in trading volume.
So Bonk could catch up with Dog as I'm speaking right now.
But we'll see regarding tomorrow's standings with the Cracking F1 contest.
I just want to mention to everybody,
I really appreciate everybody doing that.
And it just goes to show how strong this community is
only with one exchange, which is Kraken.
So I just want to say, keep it up for everybody.
Let's win this.
It's going to be a long journey,
but it's all about how you finish.
It's not always about how you start.
And right now you guys are starting off really well.
So thank you for allowing me to speak on stage.
Yeah, I like that Vincent is...
Vincent has made it, like, a goal to, like, win this thing.
And, like, I think he's even more hardcore about it than, like, I am.
And, man, like, I just love the...
If you just, like, look at Vincent's Twitter feed for the past week,
like, there is no lose.
It's like, we have to win.'s like we're going to win this thing.
Obviously, it's going to be hard.
Pingu and Bonk are getting a lot of attention.
They're the main competition, but I think we have a really good shot here.
Let's just consistently keep doing what we're doing.
I think we've got a really good shot.
I think with that...
Go ahead, Ducvito.
Sorry to interrupt.
You know what I really like about Vincent's tweets
is that when we were like 300 or 400K behind Pengu,
he would be like, come on, guys.
We are only 300K behind.
When we were like a million, he was like, come on, guys.
It's only a million.
He doesn't change his attitude towards this.
We are going to win.
Yeah. I mean, I'm looking at it, and I genuinely do think we can win.
I think they've had a lot of attention.
They got really lucky that their attention,
all-time high attention on Pengu,
coincided with the first week of this competition,
and I think they've benefited a lot from that, and congrats to them.
But yeah, I don't think it lasts for three more weeks and i think you know dog's level of
attention is like very sustainable and can probably go up from here so i'm i'm i'm bullish
with that for the people who are like why are they talking about dog again i'm one of the
ordinal show listeners who doesn't like dog uh we'll uh we'll wrap up the dog segment here but final shout outs anyone on
stage wants to shill anything otherwise trevor i think we're gonna wrap this thing up so final
chance final opportunity you can't shill dogs that's the only rule dude there aren't there
there aren't any listeners that don't like dog here probably i mean there's probably a few
like uh sometimes i'll see Blockchain Racing pop in the listeners.
Yeah, he's down there right now.
Chain Racing.
Block is down there.
I mean, I don't think Block is down there. All right, all right.
I won't shield dog, but I will shield the dog of Bitcoin plushies.
Everyone should grab one.
I just could receive mine today.
Amazing quality.
Every purchase actually goes to the F1 competition.
Every purchase, they buy $200 worth of dogs.
Sorry, I got a call.
But if you have a credit card and you don't have any liquid to buy a card, buy a dog plushie,
and then the dog foundation will buy for for the f1 competition so that's a
little cool benefit there and the plushie is amazing you also get an ordinal with that
i also want to show ugly souls i love these this uh art from miss viola code incredible artist was
there from the beginning from the runestone airdrop uh always put out amazing work love
rocking this psp uh yep that's pretty much it and dog go to the
moon see i had to sneak it in there you really you were really sneaky about it jdog okay that's
the end of the show guys we appreciate y'all for hanging out with us and we will see y'all next
week hopefully for even higher bitcoin all-time highs trevor i'll hand it over to you have a great
week have a great weekend everybody we'll see you on Monday, 1030 a.m. Eastern.
You know where to find us. .
