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Web3 Exposed 🧽🎙️AI REPLACES NFT FOUNDERS? NFT 2.0 REVEALED?
Recorded: Oct. 13, 2023 Duration: 2:19:42Space Recording
Full Transcription
For more information visit www.fema.org
Yo, welcome to Web3 Exposed.
We are about to get started.
Happy Friday the 13th, baby.
Let's get it.
Let's get it.
Let's get it.
Let's get it.
Stop!
I know he's coming.
I see someone else in the fog by the leg and he's holding something.
Oh my God.
Who is he?
Who is he?
I didn't think I was going to play this one today.
Hey!
Hey!
Hey!
Hey!
Hey!
Hey!
Hey!
Hey!
Hey!
Hey!
Hey!
Hey!
Hey!
Hey!
Hey!
Hey!
Come on!
I'm the Toothie out here.
Now you're in an awkward room trying to lock a goon like the shooter had a hood on, might have been Dr. Doom.
Sounded like a 549, good and yellow. All of a sudden thunder, it might have been hoody mellow.
You saw this putting jello, we'll come to your hoody hello.
Waving an A body, ain't trying to be hoody yellow.
All I know is that the lambo look good and yellow.
And I be swerving powerhorns in every hoody ghetto.
Lame nigga swerve, my lame nigga swerve.
It's been 10 years and you the same nigga swerve.
It's been three years.
Let me tell you guys something.
There's not only a full moon tonight, an eclipse, but Friday the 13th, I'm not superstitious at all.
Don't worry.
But I'll say this.
Make sure your energy is right.
Watch where you are.
Pay attention.
It's not a coincidence why you feel what you feel right now.
There's a lot of weird shit going on in the world.
You gotta stay woke.
You gotta be paying attention.
You really gotta pay attention.
Why do I say this?
Because sometimes we get so caught up in stuff and we don't, we don't realize it.
Yo, it's Friday.
We got a lot of dope topics to talk about.
Yesterday was a banger.
We couldn't even get into all the shit that I wanted to get into.
So we're definitely gonna do that today.
Like, comment, repost.
I'm giving away ETH.
It's Freaky Friday, baby.
So all you gotta do is drop your dot ETH and repost the room for a chance to win.
A lot of niggas debating my number one.
Not the three, not the two.
Better hey, I see you, baby.
Number one, you and no.
Men's busy this shit like the Super Bowl.
Men, this shit damn it big as the...
Big as the what?
Big as the what?
Big as the what?
Big as the what?
Big as the what?
Big as the what?
Big as the Super Bowl.
But the difference is it's just two guys playing shit that they did in the studio.
Niggas usually send their verses back to me and they be terrible just like a two-year-old.
I love a dinner with some fine women when they start debating about who the gold.
I'm like, go ahead.
Say it, Dad.
Go ahead.
Say it, Dad.
Cheddar.
Cheddar.
Who the gold?
Who the gold?
Who the gold?
Who the gold?
Who the gold?
Who the gold?
Who you bitches really rooting for?
Like a kid that had bed from January to November, nigga.
It's just doing cold.
Big as the what?
Let go.
Big as the what?
Cash.
Big as the what?
Come on.
Big as the what?
Big as the Super Bowl.
Niggas so thirsty to put me in beef.
I said to my words and start looking too deep.
I look at the tweets and start sucking my teeth.
I look at the back because I love the mystique.
I still want to give me a song while I be.
Can't check the-
Al for who the gold?
I know you don't like my show, bro, but you know who the gold is.
Say a thing that you saw on IG.
Just know if I did you, I made sure you know that I hate you like I'm on your call ID.
I'm naming the album to fall off.
It's pretty ironic because it ain't gonna fall off for me.
Still in this bitch getting bigger.
They waiting on the kid to come drop like a father to pee.
Love when they argue the hardest to see.
Is it K-Dot?
Is it Aubrey or me?
Welcome to Web3 Exposed, 5.06 p.m. Eastern.
We're about to get started.
Yes, today's one of those days.
This is day four of the Mushroom and Matcha.
I reached out to the company and I asked for promo.
Maybe they let me finesse.
Damn.
If y'all really want to know, I'll DM it to you because focus is everything.
This shit got me focused like crazy, but for real, for real, I'm not announcing it.
Fuck that.
Celsius already gets free promo for me.
My hood, she wouldn't wear no panties around me even if she could.
Gave out plenty of seconds to it.
They got it understood.
Fuck the nose bleach.
Baby, cunt it on this wood.
Hey!
No intention, don't come around me like it's good.
I got street smarts and you can't get this out of no book.
I can't write my wrongs, but I can still write these hooks.
I'm trying to get exposed, y'all.
Bam from around here.
Whoa!
Stop playing!
I'm trying to get exposed, y'all.
Bam from around here, nigga.
Let's go!
Okay, okay.
Let's get it.
I can't wait to get a new mic.
I listened to the beginning of the show yesterday and I was like, I don't like how it sounds.
Sorry, guys.
Maybe we take the little puffer off.
Does it sound better now without the puffer?
Ah, it's a cheap-ass mic.
Anyway, welcome to the show.
It sounds better?
It makes a difference?
It's a little puffer thingy?
What's up, guys?
It's 5.08 p.m. Eastern.
It's a beautiful day today.
A little bit of breeze here in Florida, but don't get it twisted.
You open the door and you will start sweating because that humidity don't fuck around.
It don't.
It don't.
It don't.
Topics of the day, one of them being, I think, super important now.
I've been trying to have this conversation for a long time and I think now that, as I always say, you know, here in this bear, that we're all sober and paying attention.
Instead, we have the ability to see things a little better, but I want to talk about building a business first and a T second.
Because there's a lot of people, a lot of people, and my heart goes out to the D-God and the U community.
Nothing happened besides the fact that they've just been so drained for the last eight months and they're very upset right now.
However, however, I believe the team can fix it.
I believe the team, you know, will bring their spirits high again.
But the reason I led with that is because there's a lot of companies and projects out, and I don't necessarily think this is Frank and D-God's, but, man, so many people are like a slave to their project right now because they launched and they generated millions in 2021.
And now if they walk away, it looks really, really, really bad.
But, like, they don't have, like, I mean, and they could get it, right?
But they don't have the basics down pat, right?
They don't, some companies are kind of getting smart, you know, hiring out.
You go to LinkedIn, you see, you know, BD, Advisor, X company.
I'm like, ah, okay, so at least they're using their millions for something good.
They're trying, you know, I respect the trying.
Anyway, I think it's very important to talk about that, to have that conversation, right, business first.
We're definitely going to get into the collectibles conversation.
I really want to actually dive into it.
And we forgot that there was literally all through 2021, I remember every spaces, every clubhouse room, especially jam-packed ones, were like, yeah, I came in because of Discord flipping and sneakers.
And, like, that was the whole vibe.
And so now, two years later, like, we're here, finally, where we're able to trade it on chain.
Shout-out to Scott.
I won't put my man spot up, but he's in the background, like, talking about some historical shit for this to actually be happening and be possible.
So, like, yo, I'm really excited to dive into that.
If you guys didn't already, like, comment, repost the room.
If not, I'm going to just think that when you go to people's houses, you go straight into the refrigerator.
You don't ask questions.
You don't even take your fucking shoes off at the damn door.
You just go straight in that bitch, and you look for the snacks and the drinks.
So, don't be that person because that's not cool.
I know William's that person.
I'm just kidding.
Anyway, like, comment, repost.
We're about to get started!
Yes, yes, yes, yes.
I'm going to give away some ETH.
All you got to do is repost the room and drop that DADD.
And I promise you I have high energy, but I just got my ass beat in the gym today.
And I haven't ate lunch yet.
So, yeah.
You feel me?
Chugging up this water right now.
But welcome to the show.
No crazy spiciness just yet.
Let me get some protein in my motherfucking system.
Scotty!
That boy's been on back-to-back calls.
Y'all better stop booking calls with him to just waste his fucking time, too.
I'm going to whoop y'all ass.
But, no, Scott, I'm so excited to start the show today, fam.
How you feeling?
Oh, I'm feeling good, man.
Just so much, man.
It's like every day, it's just the whole world is cooking.
So, let's just get into it.
There's hella shit to cover.
Sorry, my son is irritated that I can't find one of the penguins, but we'll figure.
We'll find it.
You lost the penguin, didn't you?
Yeah, like, he knows there's 10 and there's 9.
It's somewhere around here.
We'll find it.
But, yo, man, we always talk about Asia's cooking, right, from Japan, you know, Korea, Hong Kong, Indonesia, Singapore.
So, Indonesia is about to conduct blockchain trials for public services.
Here we go again at his T2.0.
Basically, Kuhu Negraha, he works with the Indonesian government, said the country is going to conduct trials on applying blockchain tech to their public service use cases.
And following the launch, obviously, of that government-backed crypto exchange, they want to be a budding hub, just like Japan.
You know, we covered a few or maybe like a week or two ago how Japan and Binance are already talking about, you know, making a yen-backed stablecoin, you know, while we're just trying to get some, like, art endowment money in America.
But we'll talk about that later.
We'll just keep going Web 2.0 here.
Yo, JPMorgan Chase has gone live with its first collateral settlement for clients using blockchain.
It's the largest, obviously, U.S. bank, pushes assets ahead with commercial applications built on the tech at the crypto's core.
The tokenized collateral network, or TCN, was the one used by BlackRock, Inc. to turn shares into one of its money market funds into digital tokens,
which were then transferred to Barclays as collateral for an over-the-counter derivative trade between the two institutions.
We'll go straight into SWIFT before I say my smart-ass remark.
So, back in August, we covered SWIFT.
Everyone knows the global banking infrastructure.
You might not have heard of it, but you use it every day.
We covered in August how they were testing the blockchain.
So, they've released the results of their new set of experiments that tested the use of their infrastructure
to create interoperability between blockchains.
So, their experiment was more than a dozen financial institutions, market infrastructures, and in the Web3 platform, Chainlink.
The results show that the interoperability between the chains is very possible.
So, that's taking steps to answer the questions about standardization within the global banking network.
Despite the sector being in its infancy, 97% of institutional investors believe that tokenization is going to revolutionize the asset management.
But go ahead and rebrand and walk away.
We won't miss you.
Go ahead and go be a war grifter.
You'll burn in a jet fuel.
Hey, hold on, hold on.
Everybody say bye with your hand.
Go ahead and walk away.
Rebrand.
Go be political.
Go host them growth rooms.
We ain't mad at you no more, man.
This is what's going on, right?
But we noticed the growth hacker rooms kind of shrink it down.
So, keep listening to the people that are really going to tell you what's going to happen here.
Scott's revealing us.
We got to change the place.
It's crazy when we're both equal.
And I don't ever pay attention to how many people come to the room.
But it's pretty funny, right, to be, damn, bro, you over here grifting on Max Tier 3, Ken Grifty Jr., and it ain't working.
Wait, there's just too much fire to even stop.
So, yo, speaking of Binance, they're rebranding their social platform, the Binance feed to Binance Square.
And basically, it's reflecting the platform's transformation from a content aggregator to a social platform, focusing on the latest trends in Web3.
So, I'm guessing maybe, like, they're seeing what happened with Lens, Frontech, you know, Stars, No Stars Arena.
And, you know.
No Stars in the arena!
So, they're seeing, you know, Binance ain't stupid, and they got paper.
So, like I said, whether it's social fire mixed with social currency, it ain't going nowhere, people digging in.
And, yo, Web3 Gaming, right?
We covered, we started, like, talking about this the other day.
So, I got a couple of numbers.
So, they raised $600 million in Quarter 3, because we covered Quarter 3 yesterday, which is 50% lower than Q3 2022.
So, although the number of deals in the third quarter is not specified, the analysts are saying that the Web3 Gaming sector got $2.3 billion since the beginning of 2023.
But, if you've noticed, the VCs like A16Z, they're not interested in gaming projects only as a significant allocation.
They're looking for more, like, infrastructure stuff, you know?
And, we've talked about this for months now, you know, with the layoffs happened.
Not that Web3 Gaming is not going to take over the whole world, or blockchain gaming, whatever we want to call it.
It's just not ready just this second, right?
It's just like Web3 Music.
We went over this a year, two years ago.
And, that's why, like, I doubled down on collectibles, right?
Like, because it's right now, right here in our face, very low lift.
So, yeah, I just, I don't want people to go, oh, yeah, like, you know, gaming, gaming, it's just not popping out.
But, look, Jonah covered those tokens.
Tokens is still going crazy.
So, yeah, just don't lose faith in gaming either.
It's about to pop, so don't rebrand if you're, you know, in the Web3 Gaming space.
Shit is going to go crazy.
They're just putting the funds into infrastructure and building it out first, right?
Can't have Ready Player One before we build out the infrastructure.
So, next thing, cross-chain messaging protocol layer zero.
You know, we cover them a lot.
They revealed a gas extraction tool to facilitate cross-chain NFT swaps.
Y'all remember three years ago, people would talk hellish.
Oh, my son's heck.
Talk heck of you-know-what.
Saying, never, it's going to be impossible.
You got to do all this stuff.
Like, dude, you're going to lose your assets.
Bro, no, he was around.
I remember no one was arguing with me.
There goes the emojis from the, yeah, like, bro, like, here we go.
This is why you don't knock things.
You don't say things are impossible.
Like, y'all are the smartest people I've ever met in my entire life.
So, sorry, my son's adding to the news.
But, anyways, the news coincides with integration of the NFT marketplace, Magic Eden.
And this news can now purchase and sell omni-chain NFTs that are supported across chain.
But go ahead, everybody, rebrand.
And Kenzie says, if you rebrand, you were just a grifter the whole time.
That's what that meant.
Yeah.
Yeah.
And go ahead and do it.
And go ahead and run for the hills.
What the hell?
All you people that said there's no money in Web3.
I put an actual, factual, actual, factual statement out with numbers.
So, you know, you can screenshot, bookmark that B, and show any of your hater friends
who tagged you from high school that entities are 95% zero.
Also, you can show them the third web thing that we reposted about Louis Vuitton.
And, you know, you don't even got to say shit about that.
You just be like, look.
And then they'll see Louis Vuitton and shut the hell up.
But on that note, I'm hella hyped for this Friday.
I'm glad everyone made it through this next week.
And, yeah, man, let's get cooking.
Ladies and gentlemen, welcome to the show.
William, give me good news about the markets or else.
I mean, it's all over.
You know, everything's going to zero.
So all the assets you guys sold are not worthless.
That's basically what I heard on the news a little while ago.
So I'm just going to go with what they said.
You know, the dollar amount that they're – it's a fake dollar amount.
That's what it is.
The dollar amount is fake.
Yeah, I mean, it's been a pretty interesting market.
A little bit hectic, I would say, on the downside, right?
We're all kind of like, what's really going on here?
Spy is kind of at a pivotal point for support.
So that's really interesting.
Probably see 4280, something like that, if it's going to pull back any further.
But I'd expect the bounce to occur where it's occurring right now.
So pretty nice move on Bitcoin today.
I had a talk with a lot of people, man, like some super bears today.
Man, I just – you can't get it across to them.
You just can't.
These are people that I've been talking to all year that have been sidelined the entire year.
I'm just like, how much money did you make?
Okay, we're done talking.
But, you know, outside of that, you know, I'm looking at the, you know, Bitcoin and stuff like that.
You know, we're like 26.750, 26.7 this morning, and we were sitting about 26.5.
And I told you guys the other week, we're probably a solid week.
I mean, I know I come in and give you guys similar numbers because that's just the numbers that matter.
And 26.5 was the number that mattered, and we held that.
And basically, we've kind of rolled back up to the 27.
We may see some more resistance.
I think there will still be turbulence in the market.
Ethereum was at another pivotal point, too.
We need to stay about 1,500.
I told you guys that yesterday.
You know, I think if we can get back about 1,600, we can start climbing again.
And that's really where I would look for support slash resistance.
Again, you're not looking for it to roll into 1,600 and sit there.
You're looking for it to go through 1,600 and flip its support.
There's a lot of pivotal areas right now in the markets.
We did get a couple of, I would say, good news scenarios, and I talked about those the other day.
It's basically Boston came out.
He came out and said basically that, you know, he's not seeing a recession.
He doesn't see a reason to raise hikes anymore.
Now, some people were talking about, you know, the hot CPI, yada, yada.
It missed by like 0.1 or something.
Just a very minuscule number in my opinion.
I think you've got to be way more significantly higher than that if you're looking to pressure the Fed into raising rates more.
I think when you look at rates and you're looking at CPI and you're looking at, so just so you guys know, CPI is just basically, you know, it measures inflation more or less.
It's like, okay, are we inflationary or are we not inflationary?
CPI go up, inflationary.
CPI go down, not inflationary.
So, we did end up on the inflationary side, but a lot of people, they tend to like grasp for straws is what I would say.
So, they look for like little tiny data points and say, oh, this is going to kill the market.
And when in reality, like if you listen to the Fed all year, he's basically stated, hey, when we look at data points, we're looking at a scenario of multiple data points happening.
So, you know, maybe a series of three to six months, if we continue to see inflation go up, then yeah, we'll be like, all right, inflationary.
Inflation is not really coming down.
We're seeing issues, right?
We need to strengthen that, so we'll probably raise rates.
But if, you know, we see inflation go up for one month, that's not a data point.
It's not enough data to look at and state that inflation is actually going back up because you're going to have bounces in markets.
That's inflation.
That's oil.
That's dollar.
That's everything.
Now, dollar overall is kind of in a controlled price range, I would arguably say.
Oil is in a controlled price range, and as long as they remain on the volatile side, a.k.a. to the upside, you're going to see assets react in the same way.
Why?
Because dollar strong means assets weak.
Dollar weak means assets strong.
Now, there are tendencies where they can kind of work together or co-mingle, but they tend not to.
I will say this.
Oil specifically, right?
Oil is great for inflation.
Inflation is great for assets.
And oil has been, you know, also on the bullish side.
So, it's kind of telling you, hey, one of these things they're going to give.
It's going to be oil.
It's going to be dollar.
And, you know, one of them is going to roll.
And when they roll, you're going to see, you know, that decision from the market, whether it be into assets or whether it be into dollar.
I've been, I've just been buying down.
Like, I'm not, I'm not too worried.
I'm taking a lot of, I'll say, strategic moves.
So, I'm just, like, buying in certain price ranges.
And if a price range, if my price moves out of that price range, I don't buy.
And if it comes back to that price range, I buy again.
Because I see certain areas in the chart as actual value.
And if we break down structurally more, I haven't really wrecked myself because I've kept my position a lot more grounded by just buying at the lower ranges and not going all in.
And I think a lot of people are having a hard time dealing with that.
I mean, maybe some people are coming in with $200, $300.
They're like, well, I've got to throw this all in right here.
No, you don't.
You can come in for $100 here, $100 there, $100 there.
I think in the current markets, like, going long, going short is a very difficult thing.
If you're trying to day trade these markets, you're probably getting chopped up.
Most of you, I'd say 90% of you are probably getting chopped up if you're day trading, if not more, right?
I've seen very few traders as of lately in the past three to six months be able to make consecutive successful trades, which means basically they're winning more than they're losing.
And that doesn't mean, like, trade amounts.
So you could be a 70-30, 70-loss, 30-win.
As long as your dollar amount's higher than your losses, then you're good.
That's all that really matters at the end of the day.
So a lot of people think that you have to make a bunch of trades and you have to win all those trades.
No, not in reality.
It's knowing how to cut your trades because you're not losing a lot of money if you're on the wrong side of the trade.
But, yeah, overall, I would say there's a lot of bearishness right now in the market.
There's also a lot of, like, overly, we'll say, bullish people, too, that are kind of calling for some ridiculous numbers that I don't see.
Again, I think right now is, like, 2019.
We still got 2020 to go through, which is going to be next year.
And then, you know, we'll probably see 2021 the following year, 2025, is where I'm anticipating, you know, the bullish side of the market to really show its face.
So I'm just giving you guys kind of a longer-term aspect so you can know where you're at and know, you know, like, is now the time.
Look at Bitcoin at the bottom of 2019.
That was the lowest it was, right?
That was the lowest it was.
It came back, revisited on a black swan event.
If you were anticipating a black swan event, again, good luck.
If you're not, then I would anticipate that Bitcoin will be trading higher next year, just more in a track price range, and eventually it will break out after the habit.
Because I am going to be basically looking at these markets as having, not having.
And, you know, there's lots of data points that can line up with having outside of that, too.
So if anybody is wondering those data points, feel free to reach out.
I can point those out to you.
But I've been kind of rambling a little bit.
But price expectations are up.
I would expect up.
I'm looking for $28,000.
We catch another rejection again at $28,000.
That's not going to be good.
But here's the thing.
If we catch another rejection at $28,000, we're kind of in a price range, not necessarily a breakdown structure.
Which means we've been ranging now between $25,000 and $28,000 for, you know, multiple weeks.
So does that mean be fearful when you're in a price range?
No, you're not supposed to be fearful when you're in a price range.
You just play the lows, play the highs.
And if your structure breaks in one direction or the other, then you can make a move, right?
So if you break your lows, then you can basically take short positions and or cut positions and take them lower.
If you break the highs, obviously TP some profit and look for the next zone to reallocate or allocate it into something else.
But that's basically it for the markets right now.
Thank you, William.
Well said, as always.
And he always posts charts in the bottom of the thread here so you guys can have more of a visual.
Thank you guys for tuning in.
530.
Let's get it.
What's up?
Noah, it's been a minute.
What's going on?
I'll pass it straight to you first.
Oh, not much.
I had time to come by.
So I wanted to come by and see everyone.
And I just want to add a couple of things.
What Scott was saying right now, we're in the time of war of stable coin as we're trying to figure out who will control the stable coin, who will have the stable coin.
Yes, we talked about USDC, USDT being that.
But as we'll point it out, the dollar can crash.
A dollar can go down.
And let's say the dollar does go down.
What does that do for this whole space?
We could possibly see something worse than what we saw, you know, eight months ago or whatever it was.
So this is where you have a lot of people, even PayPal has talked about entering the stable coin world.
Because once you have that, then you're going to have companies like Disney and all these companies that move on.
Because if we're going into a world where we need to pay people in crypto, paying in Ethereum, paying in Bitcoin is not the smartest when it's so volatile.
So we have to have something that's stable that will stay around that they can actually, you know, pay their people in.
And another thing to your gaming thing, Scott, there's still about, I think you said 600 million.
There's still about 700 million waiting or more to be injected into this space around next quarter.
Quarter four is going to be very big for the gaming web three, as we want to call it, because you have Epic Games.
And a lot of other people that in the background have been secretly working on some like blockchain games.
They're not what the concept we have today, but they are understanding that people don't have the amount of time to play games like they used to.
But we can have, you know, certain games that are like the blockchain.
The blockchain really showed who and what we'll spend.
And that was something that wasn't happening for the last, you know, two, three years.
So this is where a lot of businesses want to kind of get on that train and get that money.
And I had a question for Will.
So my question to you, Will, is I personally look at the market more so like when you have the bigger VCs in here and you have the more knowledgeable traders, they like the range trading.
So I believe that's why it's been range trading for the last whatever months, because it's really easy to control the market right now since there's not a lot of money in there.
And I think that's where in more of a PVP like market, why we're so much in a range trading, because as you said, running shorts and longs right now is just going to get you eating up.
And I feel a lot of like these whales are just waiting back watching.
OK, is there a lot of longs or is there a lot of, you know, shorts?
OK, let's do the opposite.
And I feel that's why we've been in a range trade so long.
I mean, it's kind of been like that, like they've they've let bulls win for a while now.
So you got to expect bears to win at some point.
And what I mean by that is just the bearish trade has to play against the bullish trade.
And that's the only way you can really, you know, entice big money to step in at stupid points.
As crazy as that sounds.
But like I like I would say arguably like yesterday, for instance, right, I was going through Masari and a couple of couple other data points that I use.
And I was looking at them and you had like, you know, one million plus dollar open longs.
So like when you see those kind of moves with big money, it's like, are they on the right side or the wrong side?
But when I went through and how I knew that the move was going to potentially reverse here is you had you had just a massive amount of under one K positions open on shorts.
So it's like so what we like to call those is whales versus like shrimps.
Right. And shrimps are usually on the wrong side because whales eat shrimps.
So basically you had all this money on the shrimp side and you had these all these whales positioned against these shrimps.
And so what that meant is that basically they were cornering the shrimps and they just ate them.
Right. I mean, that move with the 27K probably ate a lot of those shorts.
And I would expect that to kind of continue through.
I mean, some people like to look at it as a Y and they like to look at, OK, is a Y negative or positive and try and play their trades out that.
But it's a lot deeper than just a Y, which is just open interest for those of you who don't know what that means.
And that's just like, is is the trade stronger on the short side or on the long side?
And like I would say, like, there's kind of different ways to measure OI.
So it's like if you're like two thirds red, red and one third green, then you're probably going to trend down.
If you're three green, which is basically majority of the money is long, then you're probably going to go.
You're probably going to break out in a big way.
But if you're two green, one red, then you can basically that again, I'm bringing it into two thirds, you know, one third, so on and so forth.
So I always call it two green, one red.
But if you're two green, one red, then you can basically trade to the upside.
Also, you just might chop, which means you're probably usually that the two one is like your chop range.
Right. And then the three is like your drive, whether it be to the upside or downside.
So if the majority of the market is positioned short, you know, a lot of people say, well,
you should trade against that. It's like, no, it's also favoring with a couple other indicators.
I'll throw it out. There's like momentum and so on and so forth.
So if your momentum is favoring downside, you got a three drive.
Basically, the majority of the market's moving to the downside.
You're probably going to go down and go down in a big way.
And that's basically what happened in 2021 is, you know, all indicators flipped from super green to super red and flip down and basically wreck the entire market.
And now we're kind of moving into that that two one.
And when you start to move into a two one, you're more in a range to where you're probably in an accumulation range more than you're in a breakdown or breakout range.
And that can stay extended for a long period of time. Right.
So I'm expecting the markets to kind of stay in this accumulation range for the next year due to that.
But I mean, overall, you know, that's that's basically it.
You got you got to be a really seasoned trader to play an accumulation range.
I'll tell you that there's a lot of people who pretend on this, you know, X app.
And when they throw out trades, they might have gotten like they'll throw out like 100 X or like a 50 X.
They probably position ten dollars on that or five dollars on that position.
They didn't actually position.
That's why they always cover up their dollar amount.
I cover up mine specifically because I don't want to entice people into taking massive moves with massive amounts of money because it just doesn't look good for a lot of people.
That's that's why, like, when you tend to see my moves, when I when I take short longs, I'm usually going in with like five X, 10 X, because you have to be you have to expect the unexpected and you have no room to position a stop in 100 X position.
Like if you put in 100 X position, you could enter that position and instantly be taken out the second you enter it.
Like people just don't understand how that works.
It's actually pretty insane.
That's why when you see people doing that kind of stuff, they're just being DGens at the end of the day and they probably put it with pennies.
So, yeah, I mean, overall, though, this is just a top range for me.
Like I'll play it when I'm at the highs or when I'm at the low.
May I ask one more question?
Because you said you buy at a certain range.
Will you share that with the class?
Because I would really like to know that range.
So it's just it's just for my my own thing and maybe for other people.
I mean, I've been buying things whenever Bitcoin comes in the 26 to 25.
So, like, I just I go through it.
I'm looking at money flows and stuff like that.
Like, I mean, I'll tell you guys what I'm like.
I'm using Masari just so you guys know.
Like, I looked at Masari to see money flows.
I looked at deck screener.
You have to pay $100 a month for Masari just to see you guys know if you want if you want the good features.
Right.
And even more if you want the institutional features that they have.
So I'm trying to get the institutionals, but you got to, like, directly contact them.
And I'm waiting on them to contact me back.
It'll probably cost me a stupid amount of money.
But it allows you to see all the flows.
It allows you to see all the markets, stable coin movement.
It allows you to see, like, all the data points you want to see that a lot of people point to but don't have all the clarity to.
And it's much more up to date than just about anything out there, to be honest with you.
Masari's API is pretty crazy.
But I wouldn't suggest, like, your normal person just go use it because there's a lot of factors that you have to know to know how to use it properly.
Right.
You could look at money flow and be completely wrong if you're not looking at a couple other factors, too.
So, I mean, again, I'm just buying low end of the range.
So, I look for two areas on the weekly time frame, typically, weekly, monthly, and then I try and play within those two range areas.
I mean, even SPY, I posted a chart on it earlier.
I showed the exact range of the low, which is where we're at.
And, you know, the highs is actually quite a bit higher than where we rejected our rejection points more a little bit more towards the midpoint.
I threw out a Fibonacci, too, on Bitcoin and showed kind of we're sitting at the 0.382, which is, you know, at these levels specifically, you tend to see institutions step in and positions.
I don't think retail is buying.
No, I just don't.
I think retail is flat broke.
And most of them are not buying.
And the only people buying and PVPing right now are whales and institutions.
And so, like, I'm buying with whales and institutions.
I'm not buying with retail.
Am I retail?
Sure.
But I am not buying with retail.
I'm not dumb.
Just like I got out in 2021, I knew retail was getting too much FOMO.
So, I was just like, all right, you can see institutions are stepping out.
You're getting a lot of indications that the market's getting ready to roll.
I'm getting out.
And I positioned correctly against that move.
Noah.
Noah's talking, man.
Miss you, Noah.
Miss that rhino of yours, pal.
Thank you for the question.
Cass, what's up?
Thank you for being here, Cass.
Another woman.
Thank God.
What's up?
What's up?
I can't do pull-ups like you, though.
Props to you.
Noah talked about, like, this is the battle of stablecoins.
I kind of really like this comment.
I wanted to add more nuance to it.
I would say it depends on the behind-the-scenes politics and alliances.
So, I used to work in public health and epidemiology, which is the study of disease control and population health.
And the reason I mention this is because public health and its resources were heavily influenced by economics.
And these things always affected our supply chains.
So, we had to pay attention to all these things.
And at one point, the Australian dollar beat the U.S. dollar.
But it was worse for their economy to do so.
So, they decided to get it to be under again.
And so, I think the same thing might occur on the cryptocurrency version of this.
Like, the stablecoin battles will also have to do with these alliances behind the scenes and what kind of works best.
So, I'm just interested to see how that plays out from, like, the real-world experience and see if that translates into the crypto space.
May I respond to that, Prophet?
Yeah, yeah, of course.
Go ahead.
So, what I was meaning is it's – there's tons of alliances.
You can actually look at it.
You can look at Bill Gates, Ben Bezos, and there's another guy.
They're all on the same side right now.
And then you have Elon, a couple of the billionaires on a different side.
And then now you have PayPal that came out of nowhere.
And you just – as Scott said, you have Indonesia or whatever it was over in Asia.
You have Singapore.
You have tons of places because we, as Web3 goers, like to look at the space that we know everything because we're in the space.
But we're only about 6% of the world.
The other 94% of the world hasn't decided what they're going to use.
Over in the East world, in Asia, and with all the BRICS, they've been using, you know, a designated cryptocurrency for a while.
But they've started swapping over to other assets such as land, gold, valuable things that aren't so much a cryptocurrency to get away from sanctions and other stuff.
But now they kind of want to go to one crypto or one stable where they can have the power.
As we look at the dollar, the true reason of the power of the dollar is a pectoral dollar and the fact that you have to trade your currency to the dollar to buy oil.
You know, so this now isn't a thing, and it hasn't been a thing for about four or five months now.
And so you have to really think about what are they going to do with the dollar.
The whole CBDCs and the whole scare of that, banks can already do all that stuff, just so you know.
It's just they're trying to scare the narrative so people actually want Bitcoin.
Because imagine, Bitcoin overnight goes to, you know, be liquid gold or be the digital currency of gold.
How many governments, how many big entities have tons and tons of Bitcoin?
Overnight, U.S. could pretty much go into half debt if Bitcoin hit a certain number by the amount of Bitcoin that we own.
Same thing with anywhere in South America.
Same thing with Asia. Asia's doing horrible.
But if we push a narrative that CBDCs are bad and all this stuff is bad, when they're already doing this, more people will accept Bitcoin.
So it's really about the war of what is humans going to accept to be their stable coin, to be that coin that they can trade upon and trade in.
Bitcoin was never that coin that people traded.
They only held, not until this space of monkey JPEGs and other stuff, did we see an influx of people spending money with Ethereum, AVAX, Solana, don't fade Solana, and many other things out there.
With that, that ends my Noah talk.
I find it funny that you bring that up specifically.
One thing I want to point out, too, is if you talk to somebody who's in the space or been in the space for a while, and you say, hey, let me get that JPEG.
They'll be like, all right, 0.4 ETH.
They don't say $500 or $800 or $1,000.
They throw out, like, a percentage of ETH, and that's what they want for it.
Like, it is becoming more of a norm in the space when it comes to, like, spending, right?
I think people treat ETH very much like a currency, in a sense, even though that may sound funny.
But I can tell you, anybody I speak to in the space specifically, man, that this is exactly how they want to transact.
They don't say, hey, send me USDC, send me USDT.
They say, send me this much ETH, or send me this much of this, or this much of that.
It's whatever they see as value.
And it's becoming more of a norm in the space.
So it's definitely interesting.
And before we get to Bakfi, I do want to point out, Bakfi, because I know you're going to come in with, like, the oil and the dollar.
No, no, no.
Don't even talk about him, because he's not going nowhere soon at all.
Yeah, we got to go to the referee on the street with Ford or Bad Brothers in Amsterdam at, you know...
You see what I mean, Will?
Will, you're setting the tone, and you're fucking up already.
Hold up, I've got to go into this coffee shop and smoke a joint.
But what do you call?
Fuck you.
Fuck this mute button, too.
Don't stress me out today.
This is a good Friday.
I'm going to go ahead and pass it back to Noah, and then we're going to go to Mindless.
Noah, go ahead.
The big issue with that, Will, is the big businesses.
It's what they're looking at, and they don't want to pay with such a volatile coin.
They want to pay with something that they know they're giving someone an actual value that they can go out and buy a value of something for another currency.
We're moving into a different currency, and we're getting out of the idea of what we once had.
It's every 100 years we change.
We're actually behind 20 years right now, or 15 years.
So they didn't think it was going to go this fast, but thanks to you guys and everyone here, you were the biggest case study.
A case study is usually only about 50,000 people.
There was 4% to 6% of the world at one point in this space.
You guys did the security.
You guys found out what people would spend.
You guys were the iconic people.
That is the one thing.
NFTs aren't dead.
They're becoming adoptable.
We were in a space of luxury.
Who's going to come into a space and pay $40 for a JPEG?
But you know what the world will do?
Come into a space and pay $9.99 or $5.99 or $19.99, and there's going to be millions and billions.
There's going to be about 4 billion people that are going to be your consumer.
At that point, you only need 50 cents to be a billionaire.
Actually, it's about 25 cents, but I'll just say 50 cents.
That's the world we're moving in, and that's what they want to adopt, too.
If we want mass adoption, that's what we need.
That ends my Noah talk.
Mindless.
Go ahead, fam.
And then Bad Brothers.
Noah, what is up, folks?
Great discussion.
Noah, I always love your takes, man.
I want to kind of add a little bit to what Will said earlier, and Noah touched on it, too.
Like, right up until even late 2017, so we're talking the first eight years of crypto history,
like this whole narrative of stablecoins and trading in dollars was relatively alien.
I still remember even Binance for this first year of going live, so this is late 2019.
They didn't have a USD trading pair.
It was still done against BTC and ETH.
So for the largest part of the crypto history, per se, stablecoins were a bit of a rare thing.
Most people didn't consider them.
And then, you know, BitMEX and Bitfinex and, you know, Bittrex and all these kind of came along
and facilitated for U.S. dollar futures trading and USDTs and all these things became a little more prevalent.
But I think we're seeing a reemergence of that.
Even now in the NFT space, most of the time, we don't talk about dollars.
We talk in ETH terms.
That's become the de facto sort of base valuation that we use.
So I'll just say, like, stablecoins aren't the end-all and be-all, arguably, for the largest part of the crypto space.
They haven't actually been around.
There are other ways to look at these things.
There used to be this narrative of stack them SATs.
You know where that came from?
Everybody would trade BTC against alts to accumulate more BTC.
You do it with your NFTs.
You trade them against ETH to accumulate more ETH.
That becomes a de facto norm.
So there are other ways of doing this.
It's not all about stablecoins.
Bad brothers, the head.
Yeah, yeah, yeah.
Like I was saying, on the street, reporter, profits.
I'm waiting for the reimbursement for my travel.
Whenever you get to that, that's great.
But yeah, man, I'm at this.
And you know how they say, don't be the smartest person in the room?
Man, I don't think I'm in the top 50 percentile in some of these rooms, man, at this Bitcoin conference.
There's some smart motherfuckers here.
And I'm having some great conversations.
So vibes are high.
Right now, I'm hanging out with, like, five actual Italians from Italy.
And they're fucking a blast to hang out with.
So I'm on a job.
I've got to go.
I've got to go and smoke and go back to this coffee shop.
But, you know, love Web 3 Exposed.
And I'll have a full report when I get back on Monday, baby.
Thank you, Bad Brothers.
Oh, my God.
Motherfucker, bro.
I think Bad Brothers is de-aging.
Like, he's definitely de-aging, like, for sure.
Anyway, Backfly.
Make me proud, Backfly.
What's up?
Yo, what's up, Prophets?
Thanks for the speakership or, like, the speaker, bro.
I was just waiting out here with my hands up.
But, yeah, I wanted to go to Will.
I don't know if I'm on line.
We had this disagreement.
Bro, what the fuck?
Who the fuck comes up on a stage and starts talking?
Come on, bruh, bruh.
Stop requesting.
Well, I'm not.
You can't hear me.
Anyway, not you, Bach.
I'm sorry.
Somebody came up and tried to.
You're good, Bach.
Go ahead.
Is he talking?
We love the fucking mute button because it doesn't work.
You should be good now.
Let me just get to my points.
So we're talking about the stable coin, right?
And this goes directly to the point I've been making, like, in the last few spaces I've been in.
Interest rates are all-time high, right?
So if you look at the total stable coin market cap, that's USDT, USDC, DAI, right?
We were, I think our high was $180 billion.
Week after week, we've just been descending all the way down, right?
So people are redeeming their stable coin and taking the actual U.S. dollar and more than likely putting in, like, a money market fund and making, like, 5% APY, right?
Like, Robinhood is offering 4.9% on your unused money in your brokerage account, right?
So it's, like, all these factors are pushing people away from providing money.
I just don't buy the story that institutions are pushing capital, right?
Maybe not at the same size that they were maybe a few years ago where, like, Michael Saylor could take out a billion-dollar loan at 0% and buy Bitcoin, right?
I think a lot of people are taking liquidity off the table, pushing into money market funds, right?
We saw what happened with Israel a few days ago.
A lot of people flew into bonds.
That's why the bonds yield went all the way down.
And we see today gold is up, like, I think, like 4% or 5%.
But Bitcoin is still, like, lagging, right?
Because Bitcoin is a super risky asset.
I'll say it again.
I'm on the camp.
If you look at when Bitcoin was made, 2009, it literally coincides with the last time that interest rates went off a cliff, right?
In 2007, interest rates was at close to 5%.
And right two years after that, the whole 2008, you know, financial crisis, interest rate went all the way down to basically less than a quarter percent point, right?
And you see just the history of what happened.
It blew up all the way.
What did they do after that directly, Bachfire?
What was that?
What did interest rates do after they went down to 0.25?
Well, for, like, I think basically close to 5, 6, 7 years until 2018, it, you know, touched 2.4.
2.4?
When was the next set of cuts?
The fucking pandemic, dude.
You know when the next set of cuts were.
No, I'm letting you build the story yourself.
That's why I'm asking.
No, no.
So the pandemic came and they had to cut it, right?
Because basically everything was failing.
They had to inject liquidity.
Everybody needed liquidity at that point.
And rates went from 2.4 all the way back down to basically less than a quarter point, which essentially propelled Bitcoin to the $60,000 range.
I think that it's not far-fetched to say that Bitcoin can touch back into the 12 and the 10s like it was before the interest rate cut happened, right?
Because before 2019, 2018, Bitcoin was down to $8,000 to $7,000, right, if I'm correct on that.
Let me ask you a question, all right?
Because I talk to a lot of big money heads, money funds, all that stuff.
I talk to guys that play with big dollars, like millions, billions, so on and so forth.
So did you buy Bitcoin on that crash?
Which year?
I'm not being facetious.
I'm serious.
Like during the COVID crash, did you buy Bitcoin?
What do you mean the crash?
Or do you mean the run-up?
Or do you mean the...
No, no.
I mean...
My only crash that I bought when I bought Bitcoin was basically at the end of like 2018, right, when Bitcoin was going off that high.
And that's when I was buying Bitcoin, around the $8,000, $7,000 range.
Okay, so you bought $7,000, $8,000.
You didn't buy one that came back to like $5,000 and $4,000?
I basically held, sold some, and then I'm still writing.
I'm a whole Bitcoiner.
I've always had just one Bitcoin in my portfolio.
No, I'm just asking because I'm trying to give context to the conversation, right?
So essentially, if rates get cut, right, we'll go with the rate cuts, and they cut with speed, I would expect the markets to crash.
How many people do you think on average, especially retail, will actually buy the crash?
Or they'll be expecting lower and lower?
But your narrative is wrong, right?
We just had the CPI reading, right?
The expected CPI was 3.6, and it came at 3.7.
Yeah, and that puts another rate increase on the table for the Fed.
Do you agree?
No, I don't.
Okay, then I guess you're against everybody else that's...
No, no, no.
Let me explain.
What did the Fed say specifically at the beginning of the year when it comes to data points?
Yeah, you have to remind me.
I don't know.
Okay.
So the Fed said at the beginning of the year when it comes to data points specifically, he needs multiple of them, which means if we start to see inflation come down, he needs to see it happen for three months or more.
If we start to see inflation go up, he needs to see it happen for three months or more.
How many months has inflation been going up?
It's been coming down, right?
I have to look at it.
I think there's a CME prediction tool that you can look at what the next Fed rate is.
It's been coming down until this recent tick.
So does one tick up in the entire time we've been moving down for an entire year matter?
It depends, right?
Is this the start of a resurgence in interest rates?
Or not interest rates, but in inflation?
Like, we don't know, right?
We have to see more data.
Do tornado to Nevada tomorrow?
We don't know, right?
But you do agree.
The Fed has a goal to bring it back to 2% no matter what.
They've said this.
It is.
You are correct.
And they can do that specifically by holding rates, right?
Inflation can tick up and tick down once rates are held.
You have to see multiple months of basically inflation.
And you need to see them on a much bigger scale than a 0.1 tick up.
That's basically what I'm stating.
Like, I'm not against the market.
I would never be against the market.
Oh, no.
Go ahead, Will.
If you look at the Fed funds, and you look at at least what the market is actually betting on,
they're still betting on a hold.
They're not betting at all on that he's going to increase rates.
I mean, you can go to the Fed's website, and you can look at it, and it's literally on there.
I think the last time I looked at it was like 70-30 or 75-25, something like that, roughly.
Yeah, on the CMU group, it's at 70-27 right now.
Yeah, so if the market's 70% against rates going up again, are you betting against the market?
No, no.
All I'm saying is it keeps increasing the chance.
Like, the chances keep going up, right?
So we'll see on the next swing, right?
Because at the same time that even though inflation is not going up,
you understand that some of the core part of inflation is energy, right?
And what's going on with energy, right, and with oil?
Well, oil is ticking back up.
Everybody's predicting oil might touch $100.
The petroleum reserve for the U.S. is basically at all-time low.
They're going to have to make some sort of strategic replenishing, right,
because of the Israel flare-up and still with the Ukraine shit.
So it's like more than likely inflation has to keep coming up because energy is a big part of that.
You don't sure agree?
Yeah, no, I agree on energy.
I'll say this.
Like, if you pay – because I pay attention to everything, believe me.
Like, I'm one person, but I pay attention to everything.
So one thing that the government or the White House – we'll say the White House.
The White House said it is that they'll be buying oil around $60-something a barrel.
I believe most of that low was probably them supporting oil when we got to the lows that we got to in oil,
and oil then ticked up again.
They're not going to buy it $100 a barrel.
It's not going to happen.
Well, it's not going to be their choice.
If something flares up out of nowhere with Iran or just things like – you cannot predict, right?
Like, nobody can predict that something is going to happen to Israel.
Everything in the U.S. is imported, not local.
We sell our oil, and we buy from other countries.
I understand that, but what I'm saying is you might have an event that's unpredictable that forces them to replenish it
or replenish their – not just the world, also the weapons and a lot of different things they have to replenish.
All I'm saying, I feel like there's a lot of inflationary shocks that are going to come.
Look, I can get on board with the inflationary situation, but you're mixing in black swans with inflationary situations, right?
I don't bet on black swans.
I don't go to one of the casinos here and say, I'm betting all in on black.
I don't do it.
It just doesn't make any sense because you're blindly looking at something.
You're like, okay, there's five black and there's four red.
I'm going to go all in on black because your odds are okay, right?
They're okay.
They're not great.
I don't think it's me betting – I'm not at the casino here.
I think it's actually like it makes sense to say what I'm saying, right?
Because there is some geopolitical tensions that are going on.
It's not like –
Did we go to war with Russia when everybody said we were?
No, but we're in a proxy war with Russia, right?
Do you agree?
Exactly, which means we don't have to really spend anything except for our extra munitions that we're trying to offload anyways.
What do you mean we're not spending anything?
What are you talking about?
We've spent nearly like almost a quarter trillion dollars on Russia.
Do you think that won't circle back?
But what we get for it, what we get for the box buys was worth it because –
What we get for it significantly more.
Well, we're moving into a world where energy is going to be more abundant and trillion three and nuclear and all this stuff that we talked about was bad.
French has proved for many, many years that you can do it.
I think since 2011 or 13, they've been doing it.
So now we're moving into a world and we need the lithium and other resources that Ukraine has.
China has already pretty much bought up most of the spots in Africa that have the resources.
And you only have really certain places in the world that we haven't taken those resources.
And at any given time, America could turn on their oil refineries.
Biden said he wasn't going to build a wall.
Now he's building a wall.
What's to say he doesn't put the Keystone Pipeline back again?
Once he does that, oil becomes better.
You know, what's coming up?
Elections.
I really don't think interest rates are going to raise, as Will said, but at the end of the year, they might just do it so they can have a better election year where they start lowering everything and make it better.
You have to understand they do a lot because of the elections.
It sucks for us because we're collateral damage and how we do it.
And one more thing.
This all is due to spending habits.
We haven't spent a lot of money since COVID.
This is why we're trying to move into a time where people are spending, offer things that people want to buy, do more things that people can afford.
You're going to see this over the next probably six to nine months because most businesses are losing money.
Most banks lost money because they couldn't sustain that low interest rate.
They couldn't sustain not making that.
A banking facilities make anywhere from $1 to on our $1, they make $10 to $1,000.
So it goes to our spending habits.
But now they're getting screwed because of interest rates, which, you know, they can't compete.
I'm sorry.
Did you say we're building the wall again?
Did you say that we are currently building a wall?
I don't know anything about that.
Oh, no.
It was just said that there's a chance that he's going to build a wall in certain states.
So I'm saying at any given moment, he can go around and turn the Keystone Pipeline along.
We know that Biden hasn't held up to what he said, so we don't know what's going to happen.
We can't, as Will said, we can't bank on these black swan events when there's so many things that we could do just to change it and make it better.
It all comes back to spending habits.
We live in a world where we have to spend.
And since COVID, we haven't.
The only thing that we spent on was blockchain, JPEGs, DeFi, sex, drugs, and stuff.
That's where we're moving to, the casino.
To be clear, I wasn't challenged, and I just wanted to make sure I heard you correctly.
I'm sorry.
To add to the conversation, though, I think a lot of people aren't looking at the context of what actually occurred when systemic risk came along, and it was backdoor QE through banks, right?
There's always a way at this point, at this point, the way that the Fed has positioned themselves to where they can come in and provide liquidity without providing liquidity to the general public.
I would say, granted, it does work its way out, obviously, employees, so on and so forth, but it's floating these companies.
They can float them to keep them from becoming a systemic risk.
Not only can they float them to keep them from becoming a systemic risk, you're seeing across the board, when you look at the Fed balance sheet, and that's something you should pay attention to about if you're really worried about it, right, or you're really worried about rates, pay attention to the Fed balance sheet.
You'll see when they're buying, and the Fed will buy bonds down when they get to an unacceptable rate, and they'll sell them back again when people stop or basically start buying back into them.
This has been a methodical, long trend on the markets, and if you look at bank accounts right now as far as savings go, here's the other part.
Savings are lower than 2008 for your average retail person.
People are literally broke right now, like broke, broke.
There's nobody out there really spending outside of the companies.
The companies are spending.
That's where the majority of our money flow is coming from.
It's coming from the companies.
This is a company environment.
These companies are well – they have tons of money, man.
I'm looking across the books.
I can show you books, Backfire, if you want to see them.
You've got NVIDIA well-positioned with a heavy cash arsenal.
You've got Google with a heavy cash arsenal.
You've got a ton of these companies, and yes, they have debt.
They have assets, so on and so forth.
They have liabilities, but their cash flow is insane, man, and it's not from us.
It's literally from government and other businesses buying from one another.
They're keeping the free trade flowing that retail is not able to support right now.
Retail is the one suffering.
We're the one suffering, but at the end of the day, they're keeping things afloat and keeping them from becoming a systemic risk.
And I think in the scenario of a systemic risk, if you're looking for a black swan event, it's going to be something like COVID 2.0.
It's going to drop down, and it's going to recover really fast.
And if you're like, oh, I'm going to buy the bottom of that, good luck.
Good luck.
I can't help people that look for those type of events.
I'm not saying you, Bach, but I'm saying people in general.
But I can't help people that look at markets like that, and they think that they can buy the bottom of the move, and it's historically inaccurate.
Even for your best traders out there, you can look at the statistics.
It's like one or two in your life that you might catch as the best trader out there.
You might catch a bottom or top.
And you mentioned something I want to kind of touch on, right?
The Fed's balance sheet, right?
We saw the balance sheet of the Fed go up a bit, right, during the banking crisis, right?
I think it – do you agree?
I'm hitting that right, right?
I'm not an expert here, right?
That was the Fed QE in the market.
Yeah, and then ever since then, it's just been coming down tremendously, right?
You don't think that supports my position, right, where there's some – yeah, go ahead.
So what they're doing, they're selling bonds to the general – that's why rates are going up.
Yeah, I know.
I mean –
That's what I'm saying.
You don't think that supports my position where if they keep selling bonds and they try to get back to like their pre-2020 like balance sheet?
I don't think they're going to get back to their pre-2020 balance sheet.
I think people looking at it like that is not a smart move.
I think they might get the 50 percent of it.
But like if you get a sell down in bonds, here's the thing.
If they feel like bonds have reached a yield that's unsustainable, guess what they're going to do?
Well, rather than sit there and support banks, they're just going to buy more bonds to push the bond yield back down and wait for somebody else to buy into it and then start selling into them.
That's all it is.
They can hold bond rates wherever they want.
That's what a lot of people don't understand.
This is a – it is a well-manipulated, we'll say, Ponzi scheme when it comes to the dollar and our financial system.
On that note, before we continue, as we continue to witness, you know, Bach 5, Bach it up here on this stage, make sure you like, comment, repost the room, drop your daddies, and also, also, also make sure that you follow Exposed Media.
The Twitter is in my bio.
I'm going to go ahead and aimlessly show all the fucking time!
Thank you for being here.
Happy Friday, the 13th, baby.
All righty then.
Let's get back to the Will and Bach 5 show.
Go ahead, Bach 5, though.
I mean, I don't know, man.
Like, do you agree that there's backdoor QE going on whenever there's a problem?
Yeah, no, 100%.
No, I agree.
And that's why we saw it tick up, right?
Because they're essentially bailing out the banks.
But what I'm saying is, like, them bailing out the banks, it goes against their narrative, right, of them trying to bring inflation back to 2%.
So all I'm saying is that more than likely for them to bring it back to 2%, they're going to have to keep selling their assets and essentially bring austerity to the economy.
And it's a pain, you know, but I think it's more of a gamble to say that, no, they're not going to, they're going to soften up whenever there's pain ahead.
But I think, and it depends, right, it also depends on the election, right, because I think Donald Trump has said that if he jumps in, he's going to make sure interest rates are low.
So I think there's a lot of black swans that we don't know what's going to, what's.
Let me throw out one more data point.
What do you think of initial claims?
Have you looked at those?
Initial job claims?
Mm-hmm.
No, I haven't seen, I've checked in a bit.
Well, can you give me a quick.
Than they've ever been.
Small, the smallest they've ever been?
They're lower than they've ever been.
Yeah, I don't think, I think the one silver lining of the whole U.S. economy is jobless claim and unemployment is just all the time fucking low.
Yeah.
But I think, I think like, let's say you were trading, you know, jobless claim chart.
I don't know.
I think this is the time when you, you know, you kind of buy here because you think.
I think unemployment can go up, right?
We don't know.
But I feel like we're such at a low point, right, where even labor unions are feeling comfortable, like, you know, striking.
I don't know, dude.
I think there's a more, there's more upside for unemployment to go up than if they keep coming down.
So, how much is a new iPhone right now?
It's like $1,500.
$1,300?
I think it's like $1,500 actually.
Yeah, it's $14.99 now.
They raised their prices.
Everyone's raising their prices again.
But I just want to ask them real quick.
Hold on.
Hold the fuck on.
Hold the fuck on.
Hold the fuck on.
I can trade my 12 in right now for $20 a month.
Right.
The best thing is that y'all don't know the fucking price because y'all have the little next plan, the $10 a month, and we pay those motherfucking fees.
You don't even care what the price is because we're paying monthly for these things.
That's where they get us.
That's the point, profits.
That's the point.
When it becomes too expensive, they just break it down into payments.
But there's also a reason for that, Will.
More people are willing to actually pay payments than pay outright.
This is a thing that you keep popping into.
Are we talking about the highest spec?
Because I'm seeing the new iPhone is like $800.
Wow.
Yeah, like $7.99.
I'm on iPhone 15.
The 15 plus is $8.99.
Send me two of them.
If it's on AT&T, send me two.
Yeah, I was about to say, like, what if...
Am I looking at it wrong or something?
Or do you guys buy, like, a top spec?
You have to be good, sir.
You have to be.
It's $1,500, bro.
I just promised.
Yeah, it's $1,499 if you actually buy.
And the one thing I want to...
Maybe because I'm looking from India.
Let me look.
Let me change my VPN.
That's got to be in rubles, bro.
That's got to be...
That's got to be, like, 400...
It's click the fishing link.
It's going to ask for his MetaMaskNet.
But the thing about it, though, is the 2%, like you're talking about, Bofi, will probably never come back.
We're going to sit around 3% to 4% for banks to work, for everything to work in the society we live in.
The 2% was rare and was just a thing to see if we can float.
But as Will's pointed out, the people that have been floating us are the big companies, are the big businesses, are the big spenders.
VCs don't want to be that people.
VCs want to be those people that are making their 50% to 100% returns.
So they do, in a way, need the retailer, in a way, to come back and spend.
And the thing about your jobs, you were saying, is, yeah, we're at, like, the lowest.
But we're also at the first time ever that less than 55% of the world, or of America, not the world, of America, has less than $1,000 in their bank account.
That's not the point I was getting to, Noah.
I said that earlier.
I said banks' savings are lower than 2008.
They're the lowest they've ever been.
Now, that can be a couple different things, though, right?
A lot of people say, oh, well, that means everybody's broke.
It could also mean everybody's already invested, right?
Everybody's spent everything they had.
They've been continuing to invest, and that could also be part of the thing as far as why markets have held the way they've held.
Like, not everybody is working at McDonald's.
I think that's the way everybody looks at this.
Like, everybody's working at McDonald's, and everybody, you know, if there's a systemic collapse, McDonald's goes down and everybody else goes down.
No, some people are engineers.
Some people are nurses.
Some people are doctors.
Some people are teachers.
Yes, teaching jobs sucks because they don't pay you enough.
But there's a lot of jobs out there that do pay very well, and those people still have jobs.
I can tell you, in the engineering industry, there's tons of people looking for people.
And you're talking $100K plus salaries.
It's easy, right?
I would say on the website of things, right, there's tons of people looking for devs, $100K plus side.
I know companies like Google and so on and so forth, they're paying their top devs close to $300,000, $400,000 a year.
So, like, pay has not come down either.
That's the other thing.
They're not paying less yet.
And because they're not paying less yet, it tells the economy right now, at least for now, is still strong.
Now, when you start to see the weakening, when they start paying people less, when they start laying people off, now some people are like, well, they've been living.
No, they've been hiring significantly more people than they've been firing.
They'll fire $10,000.
They'll hire $15,000 the next month.
Yeah, it was like 100%.
But how I look at that, though, Will, is because more people need jobs, more people to afford to be able to live.
So I think that we're in a time where people are getting those double jobs and picking up those double jobs because now we have to live just to work.
And that's, like, what we're in this society and people are getting tired of.
And I think they have to change that fact.
And we're retailers and the banks and, you know, even VCs are seeing that.
That's why we're going to a world where you're going to start, like, if you see every marketing employee that's out there now, it's all free giveaways.
And every single company hates that.
Every.
But because we proved it in this space and we're getting people to spend again, you're seeing Pizza Hut, Domino's, Starbucks.
Tons of companies are going to those things.
Almost every influencer is going to a giveaway kind of thing because we have to get back to the retail investor.
We've learned that if we can, you know, get that $50 to $1 out of the acquisition, just $50 to $1 out of that person, we have billions of dollars again.
And that's where we're trying to move to.
You've got things like the gig economy, too, that I think a lot of people don't pay attention to.
Now, what I mean by the gig economy, it means I could lose my job as an engineer, go and do lift for a couple weeks, find a new job, and then continue my job as an engineer.
So those are basically what float the economy, keep people out of claim status, and keep the economy looking strong.
A lot of people don't even look at that.
I would say, in addition to that, if you start to see claims tick up, that's the inherent risk, right?
Inherent risk is claims tick up because that means confidence is gone.
That's what that means.
When confidence goes, the market goes.
You may be a little bit down by then, but at least you can see the trees through the forest before it actually hits you.
So that's kind of the indication there.
I have a question for that, Will.
Hey, real quick, Noah.
Hey, Will, I love what you said because, like, I took pride as to be the ninja subcontracting, you know what I mean?
Like, I take pride in it, and I love when people notice it on my LinkedIn profile too, like, bro, it's, like, the best way to move, bro.
Like, you never – you still can work for companies but not call people boss, you know what I mean?
So, like, well, I love what you said, and it doesn't really go on numbers.
That's the frustrating thing.
And the second thing is obviously medical and dental.
Go ahead.
I have a question.
Do we believe that the U.S. government is ever going to stop printing money?
I knew that answer.
Noah, go ahead.
They literally can't.
Yeah, exactly.
They're in such a hole that that's the world we live in.
Even China, we live in debt.
That's why we need the retailer to pay again.
The retailer, $1 of retailing, provides a bank $10,000 to $1,000 depending on what VC or what hedge fund or what they can give for a business to come.
Since there's not a lot of businesses to be coming right now because there's not a lot of people that can afford a business, we need to change that.
We need the banks to get to a point where they're making, you know, money again.
Look at the Silicon.
Look what happened to their big banks.
And look what the people behind them.
They got bought for a dollar.
Almost all our banks right now in America could actually be bought for a dollar.
We're so upside down right now.
It's crazy.
And I had a question for you, Will.
I love the talks, by the way, but going back and forth.
But when you're talking about claims, you're talking about, like, incident claims or, like, all these claims are happening now that they're pushing, like, lawyers are everywhere.
I think that's going to be an influx of money that they're going to, like, a stimulus that they're putting in because now there's all those military claims and all those, if you use this pill, if you use that pill.
Like, I have, they're called T-O-R-T's or something.
It's a new big thing that's come across my screen for marketing.
And that's what the government, it's a government actual push right now to get lawyers to push all these claims to make all this money from these big businesses right now.
It's actually crazy.
So is that the claims you're talking about?
So, I mean, that's a different sector than what I'd be looking at.
So I look at basically jobless claims, right?
So what does that mean?
I mean, somebody goes and files for unemployment.
If somebody goes and files for unemployment, they're down bad and they don't think they're going to get another job, right?
That's essentially it at the end of the day.
Or at least they don't think they're going to get another job anytime soon.
So they go file for unemployment, get on unemployment, and then they look for another job.
If you look at jobless claims, like, you're just not seeing people claiming, you know, unemployment.
And it's due to these gig economy type plays that are basically allowing people to get into positions where they can float themselves until they get the next job, but they end up losing their job or they end up quitting their job.
Like, you are seeing a consumer or we'll say an employee that has a little more concern.
What do I mean by that?
I mean, you're seeing employees rotate less, right?
That's another thing you kind of watch, right?
Are employees rotating from company to company?
Because if they're doing that a lot, they're probably looking for better pay, and they just keep on jumping company to company to get better pay.
And if that's the case, then, you know, you've got an economy that can basically bust.
Whereas, like, if you start to see employees want to stay at their companies longer, they don't really want to move on from their companies, then at that point, you're kind of at a stable economy where basically everybody's kind of in a position to where they're concerned a little bit about the economy, but they're not too concerned because they're staying where they're at.
If they get shaken or concerned, they're going to probably look for a job before they end up losing their job in a lot of cases, right?
So, and there are plenty out there.
Like, just go to Indeed.
Indeed, go to Indeed and it's putting jobs for $100 plus.
Like, they're all just stupid amounts of jobs for $100.
I can't explain it any better for people.
It's not like back in the day, you go and, like, you know, engineer a hurricane.
Now, you can go and put a hurricane in your area.
You know, what your pay range is for your typical job.
So, it's a lot different than a lot of people are thinking when it comes to the economy.
Like, the strength is in the employment, right?
That's where it's at.
The employment data is where the strength is.
We can say whatever we want about money flow and so on and so forth.
It's going directly into these different companies that need the liquidity.
It's keeping them floated even though the consumer is not buying, right?
You're basically buying into their company.
They can dilute.
So, companies work in two ways, right?
So, they work through product sales, which is basically, like, whatever they're selling for product.
That could be software, hardware, a doll, a brush, whatever, right?
And whenever those product shares are down, if they need liquidity, they'll do one of two things.
They'll either dilute stock, sell some of the stock positions to allocate cash to their –
basically to their hand at much higher positions.
They see kind of the right end of the wall.
They'll sell stocks much higher than a lot of people will.
And then what they'll do is when they see the market start to rebound is they'll buy back into a certain position in the market.
So, they'll reallocate those positions.
Some of the cash flow has been spent, but the rest of the cash flow will go back into the company at the lower lows.
And that's what we saw a lot of companies do.
We saw NVIDIA come in and do buybacks.
We saw Apple come in and do buybacks.
Will, I can't hear you, bro.
Where you at?
In the fucking woods or what?
Oh, my bad.
Cutting out.
You in that Solana phone.
My bad.
It's the area.
Yeah, sorry.
Just the last few words cut out.
Go ahead, Noah.
I was just going to ask you that question.
Do you think, like, because with the whole claims, the reason why people aren't taking the unemployment is because it's nearly impossible to live off unemployment now, even with food stamps.
So, I think that we're pushed into this area right now as, like, retail or as, like, a person that has to work.
And that's why I think that people are getting tired of it and it's changing and employees, employers have to realize this or, you know, what's going to happen.
And as you said, or someone else pointed out, a lot of these people are not afraid to go on strike.
That is something I do agree with BlockFi when he said that.
There is a lot of unions and stuff that are just not doing anything.
And a lot of these places are talking about that, just going on strike.
Now, does it come back to they don't care because there's a bunch of people looking for jobs and they can just replace them?
Or what's going to happen?
And the whole thing about AI taking a job.
I'll start.
No, I was just going to say the whole thing about AI taking jobs.
They found out that there's more upkeep for an AI than there is actually hiring someone now.
So, don't worry about that for about 50 years or more, guys.
So, yeah, as Will said, it's very much so in the employee's power right now.
This is why I know it.
No, I was just I was more talking about like, I mean, if you look at USPS or UPS, sorry, not USPS, UPS had a strike recently.
And what did they do?
They caved and gave them a significantly bigger package than what they had.
I think over 100 something K per employee plus benefits and so on and so forth.
And that's that that shows you the strength in the market in the employee right now, because if that wasn't the case, they were just like, all right, go on strike.
We're going to let you guys stay off.
We're just going to hire new people for your positions.
And now you don't have a job.
But guess what?
No company, no company is really in that position right now.
Every company is out there still looking.
They're still actively looking for employees.
They're looking for for smart people.
They're obviously looking for better people now.
Like before, it was just like hire anybody as long as the body and it can breathe.
Just put it behind a desk.
But like now it's like, OK, we need them to have, you know, some IQ, some intelligence, but we need people to do these jobs.
So I think and you're seeing a lot of that, too, because a lot of people in 2021 probably retired.
Right.
They got a lot of money.
They made a lot of money.
They're like between this and my 401k, I'm done.
And they probably cashed out.
Like, I think a lot of people don't consider that.
And that's probably been the issue in the jobs market.
It should have came down a long time ago.
But the strength has been there just simply because, you know, we don't have enough people to, we'll say, serve versus people to buy.
Right.
Like we have a lot of people willing to go out and spend.
We don't have a lot of people willing to go out and buy.
Right.
Sorry, not buy, but serve.
So because there's not enough people to serve, there's a problem in the influx of employees.
We can't produce as fast as we can consume.
And that's that's basically what the what the Fed's job is to do.
It's to slow down consumption.
And the slowdown of consumption slows down the money flow of the market.
And it slows down everything to a point to where things cannot can kind of rebalance when they get out of control.
Otherwise, you end up in hyperinflation, stagflation, so on and so forth.
You don't want to deal with those type of things or those type of environments.
So they have to come in and step in in these type of scenarios.
Like 2021 was out of control.
And I don't think anybody knew how bad it was out of control.
And everybody's like fiending for that day to come back.
I don't think comes back to like probably closer to 2030 personally.
But that's just my thoughts.
Hey, real quick.
No, you know, I'm about to back that ass up on what you just said, bro.
50 years, bro.
Bro, I'm going to have to loop you into AI, bro.
Bro, just that just that statement just shows me how how tapped out you are, bro.
300 million jobs about to be lost in 10 years, fam.
From media to paralegal, teachers, market analysis.
Go on LinkedIn right now.
This is a fact, bro.
Every job, every company is hiring prompt engineers at $300,000 so they can replace 15 other people at the company.
Bro, this is right now today going on this hour.
I'm applying to some of this shit.
So for you to say 50 years, bro, that's the most max cap ever, bro.
So I would love to hear what you really meant by that.
I mean, I could back him up.
But it's due to chipsets.
It's due to the fact that we don't have as much resources as we want to put on paper.
We want to say this, but America is so far behind.
This is why the war in Taiwan could possibly happen because even China is behind.
We get 80% of all resources that we need for AI right now, drones and stuff from Taiwan.
And you can look at those.
Noah, what's that have to do?
Don't say something different.
What's that have to do with you saying these jobs won't be replaced?
You're talking about some whole other difference.
You can't say some crazy thing like that.
Literally, right now as we speak, you're wrong.
Like, come on, bro.
That's what they thought, Scott.
But they proved that the AI doesn't sustain itself.
And it actually cost...
Who, Noah?
Who is who is A?
The companies that hired a bunch of AI.
You're just making stuff up, bro.
What company?
Honda had a whole AI marketing team.
They had a whole one because they took that.
What?
Bro, you're just max capping right now.
I love it.
It's crazy, bro.
You can go look this up.
No, you're max capping, bro.
Scott, go look this up.
They fired that AI.
Bro, we cover it every day, fam.
I live AI, bro.
What do you mean, bro?
You're a straight capping in front of all these people, bro.
I cover this stuff every single day on this show, fam.
Yeah, hey, Noah, link something so we could just see it.
You feel me?
Let's link something.
All you have to do is still look at the Honda AI.
No, I'm not looking at the thing.
Link it.
Link it.
That's all you got to do.
Link it.
Link it.
How do I call it?
You're telling me all these LinkedIn jobs are fake.
That's what you're saying, Noah.
Like, bro, do you hear what you're saying right now?
I mean, I'm not saying those jobs are fake.
I'm saying the rate that they say AI will take over the jobs won't be as fast as they're saying
due to the fact that a lot of people implemented AI into their businesses, and it actually didn't
do as good as they thought it would.
This is, go look at behuman.ai.
Bro, we cover it every day.
Hey, no, I have never seen you once make a thing every day, and an AI network.
We cover it.
We cover it.
No, because I don't like when people just make up numbers out of 50 years, bro, when
literally every single company is hiring two things, prop engineering and LLM engineers.
So, and you're saying that Honda, whatever AI marketing team didn't work out, that goes
for everybody else in the industry when I'm literally advising AI companies, bro, real
ones that are doing this, bro.
And you can't name anything but Honda or something on Google, bro.
Scott, I never said that they're not hiring.
I said that it's going to be longer than people assumed for every job to be replaced.
I never disagreed with you that they're not hiring for AI.
Yes.
AI is amazing.
I'm about to send you links to multiple AI projects that I work on, and I know the CEO
of, and I'm doing it in the back end, and I'm telling you, I love AI.
I've been on it for a while, but they can't replace the jobs at the rate.
That's all I'm saying.
But you can't give us one article in one case.
You're just saying, bro.
I'm going to.
I'm about to.
I'm about to.
I'm just giving it to you in the back end.
I'm giving it to you in the back end.
That's what I said.
I have you.
I have you up.
Say it here, bro, in the space, live, in public.
Scott, Scott, Scott, he's got to have you come over to the right, you know what I
mean, behind that counter so he can slide your info.
Just you, though.
Just you, though.
You don't want to tell everybody else.
All right.
Ladies and gentlemen, welcome to Web3 Exposed.
We go live every single day at 4.20 p.m. Eastern.
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Thank you for being here.
We're going to get to these hands.
Maha, what is up?
Whenever that button works, Maha, you got it.
You had me muted.
No, I know.
I'm sorry.
It's not your fault.
It's my fault.
I was like, wait, what the heck?
What's going on, everyone?
No, no.
I don't want to get some clarity on this, okay?
Because he was saying, you know, every job replaced.
And, you know, AI is obviously out there, guys.
And it's going to keep coming.
And it's going to get better.
So it's one of those to say 50 years is kind of crazy.
I think even to replace, okay, you can't replace all jobs with AI.
There's going to have to be human involvement somewhere.
But to replace mass portions of jobs, like, we're probably, like, three to five years out before we start seeing it being an issue and 10 years out before it's a mass overtake.
Like, we have to appreciate the exponential growth that we've already experienced in our life with technology.
If you're 30 years old or more or even younger, you've seen, like, rapid, rapid growth from having a Game Boy in your hand to holding, like, a freaking Steam Deck.
Like, let's be fucking real, guys.
Like, if you do not think AI is going to grow exponentially like these other little things we have in our daily life, you're out of your mind.
So, yes, maybe longer than those timelines, potentially.
I hear you, Noah.
You know, there's going to be failures and stuff like that.
And there's going to be setbacks.
And especially if we see war and resource and all this other stuff.
But let me tell you, people are pretty resilient, especially when it comes to resource extraction.
If it's not Taiwan, they will find somewhere else.
They'll find another economic goal.
Can I just – you can continue.
I just want to go in there.
No, no, go, go, bro.
So, like, in the 90s when I was a kid, we had house phones, and I watched the evolution from house phones to cell phones in a matter of five to ten years.
Yeah.
Dude, I remember being hooked on a wall to, like, then you're like, fuck, yeah, I don't have to be anymore.
Like, a lot of people don't understand.
I still have my rotary phone, for real.
But a lot of people don't understand the concept of, like, evolution can happen a lot faster than people expect, right?
Computers.
AOL.
AOL, it literally went from AOL to, like, the fastest things you ever saw in a matter of five to ten years.
That's what I'm thinking.
The 80s were really kind of your – your 80s babies saw a lot of evolution in such a fast period of time that a lot of you will conceivably see it, and you'll be like, how did it go that quickly?
But you won't notice it until it happens.
Try being a 70s baby.
I was born in 71, bro.
That's what I'm saying.
I had a Commodore 64 computer.
I had a Texas Instruments.
In second grade, I was the one – because my mom was a school teacher, thank God – I was the one that was, you know, in second grade teaching the other students and teachers how to use the computer because I had one at home.
You see what I'm saying?
And so, yeah, it's unbelievable technology what has happened.
I remember the movie Dick Tracy where there was literally the Apple iWatch, and you literally could see Dick Tracy calling somebody, and they were on the other end saying, oh, yeah.
Yeah, yeah, I'm that old.
You know what I'm saying?
I DJed for the – I DJed for the frickin' –
Hey, DJ, remember when you had to use cassette tapes on computers, bro?
Look, bro, I DJed with real people.
Hey, they don't know about that, DJ.
They don't know.
They don't have no idea, bro.
They don't have the cassette tapes.
Yo, listen.
My G, I had to take – I carried eight crates of records before my first gig.
You see what I'm saying?
Let's talk about DJ.
Let's talk about how I had to – I had to work for free.
I was an intern.
I had to work for records.
I had to work – and then when they invented record pools, what?
And then Napster?
Are you playing – to now –
Oh, yeah, Napster, MySpace?
Fast forward to now.
Now I'm exclusively a title DJ, and I have my Rain 1 controller with stems, and I literally have about four terabytes worth of music at a fingertip.
And I can switch it, and I can go back and forth between tracks effortlessly.
I'm sending every last DJ back to the drawing board because you know what?
I'm a nerd that learned how to DJ.
I'm a nerd that learned how to sell cars.
I'm a geek.
I'm a weirdo.
I'm a nerd.
And guess what?
It's our time to shine.
That's all I want to say.
Hey, DJ – oh, Box, dude.
I was like, dude, that brought me –
Who the fuck did that?
Hey, my mom would hear that.
Yeah, my mom would hear that and rip when I would be grounded.
Yeah, you're in trouble when I hear that shit.
Hey, Box, remember there's no volume control on your fucking 14 or 20.
That shit always sounded like roaches or some shit.
Bro, my Asian Japanese mom would come.
You are – oh, I do.
I heard it.
And just rip that shit from the wall, bro.
I'm talking about the phone calls.
I'm talking about the phone calls, bro.
Listen, our dating game – yo, you had Riz, as they're calling now, when you couldn't
get off the phone.
No, you hang up.
No, you hang up.
No, you hang up.
No, you hang up.
Yo, that was Riz back in the day.
Stop playing with me.
Hey, you got Shanice on three-way?
It sounds weird when I just answered, bro.
Yo, yo, yo, yo.
Do you guys remember with Net Zero?
You need a CD to connect to the internet?
Like, I don't know if you –
Yo, I had Net Zero.
Let me say something real quick.
I had DreamScape.
Let me say something real quick.
Hold on.
Like, all you pieces of shit out there who used to do three-way calls back in the day
while the other motherfucker was talking shit and you were quiet, you probably grifting
us over here on Web 3, you motherfuckers.
Hey, the first time I ever got jumped, hey, the first time I ever got jumped, I was running
my damn mouth on a three-way.
I go to walk to school the next day.
Oh, my God.
There's big Samoan logo.
You got set up, cut.
Yeah, there's big Samoan logo packing his fist in his arm.
I was set up.
It's a wrap, bro.
I knew it.
I was like, take these licks, bro.
My hair was all messed up going to school.
It was like sticking straight in the air.
I'm just like, bro, no more of this three-way stuff.
I mean, real quick.
A lot of things have changed, but they've stayed the same, though, bro, for real.
Yeah, and real quick, let's like break down those buckets, right?
Because I don't want to just pipe out my neck.
So, we've seen it with tech first, right?
Coders, data guys, programmers, engineers.
More just got canned yesterday.
Shout out to LinkedIn for making those engineer lists for Web3 companies to pick everybody up.
I think that's super dope.
And this is why I always said, like, the airplane hangar's not as empty anymore.
All these dope-ass engineers are literally coming straight over here.
If you don't have a LinkedIn profile, what are you even doing on Web3?
You can't claim to be on Web3 if you don't have a LinkedIn.
I'm just going to put that on there.
Hey, DJ.
Hold on.
Wait, wait, wait.
What about the fake BDs out there doing executive meetings and shit?
What are you talking about, man?
Yo, listen, the ones that put their phone on hold talking about, I'm in a meeting.
Hold on.
Hold on, honey.
No, no, no, no, no.
I got to hit this meeting.
We're in a meeting.
Nah, they're playing Mortal Kombat 1.
The one that just came out.
So, hey, obviously, we've seen it in customer service, right?
Because we covered that a while back on the AI show about, you know, it's just easier.
AI can not get mad.
It doesn't have scotful rage.
It doesn't have profit scream.
You know what I mean?
Like, it can just always give you the best answer.
I'm talking.
I disagree, man.
I even get frustrated with the AI customer service, right?
And what I mean by, like, these things we're going to go over is, like, I feel like exactly,
and no, not every job, right?
These are the buckets I want to cover that I feel like these ones are going to be, obviously,
right now, right?
Look at profits, right?
She always had to hire graphic designers, you know, and now she'd be on mid-journey cooking.
You know what I mean?
She'd be on Canva cooking.
So I'm going to add, so we'll do tech.
We'll do customer service.
We'll do graphic designers, because that's a big bucket.
Accountants, right?
They're getting fucking cooked by AI right now, too.
I know a lot of my friends-
Yo, listen, forensic accountants are getting, they're getting sinned, bro.
You feel me?
Like, if you're a forensic accountant, my God, bro.
Like, your career dissipation light has been flashing for the last, like, fucking two years,
and you're deadass.
Like, you're like, you might pass out.
Just log into somebody's space and seeing a different emoticons.
You might pass.
What do you mean?
They might be having an epileptic fit right now talking about that shit.
The forensic...
Stop playing, bro.
And your favorite grifter traders from Web3 that you've never heard of, and so they open
their Twitter account.
They're done.
Yo, I'd rather get...
Oh, yeah.
They're the ones that masked in with everybody.
My AI picks better sports picks, too, you know what I mean?
But we won't even go there.
So, we'll go from traders to finance, low-tier jobs.
So, personal advisors?
Bro, I ain't fucking asking you shit.
Bro, I'm going to turn my chat GPT-4 into a recent graduate of Harvard Business School,
make it only give me high-level, prioritized, non-common answers, and formulate that bitch
into a table.
Bro, you're done.
Right, right, right.
You're done.
Analyst?
Analyst?
Bro, good luck.
We'll say, this one saddens me.
This is the one that does saddens me.
Teachers in education, like, bro, like, you can literally deep fake anything right now,
put John Cena as your teacher, and blast him, you know, and I think the kids are going
to listen to John Cena a little bit more, you know, or whoever that large language model
ends up being in the future.
Yo, market research, man.
That used to be such a big-ass thing, and now, big brother, you know, all these, you
could really turn every part of any kind of research into an LLN.
Like, you know what scares the shit out of a teacher?
You're tough.
Go ahead, DJ.
You know what scares the shit out of a real teacher?
It's a freaking AI that can teach without emotion.
Like, they can actually just pick the history books, and they don't have to worry about shit
getting canceled, or, oh, this thing happened.
Hey, and DJ, no politics involved, or religion.
Just a teacher down the middle.
Just a straight, yeah, that's what I'm talking about.
But, hey, but it also goes back, it would also go back to who's making the LLN.
I was about to say the same thing.
Yeah, my, yeah.
Who is making this, bro?
That's, you have so much political answer.
Just like the educational books, right, Maha?
Yeah, dude.
Just like the smart coders, the smart people in AI, you are the guys that are approaching
those people in those positions, telling them that you can help them instead of fade them.
If you are smart, you're doing this.
I'm just, are you glad you want to?
Facts.
If I knew how, if I knew AI as well as I knew DJing, I can think about my three.
DJ, 90 days, bro.
Hey, 90 days, DJ.
Word to me.
90 days.
We're going to put you through the 90-day, went through, exposed AI, college, bro, and
you'll be cooking, bro, dead ass.
But I want to finish these last ones.
I want to finish these last ones.
So, legal, right?
So, not lawyers, but low tier, because you're always going to need that personal,
connection with, with, like, if my life is on the line, I'm not asking to chat GBT.
I need a real, a real guy.
But paralegals, right?
Like, assistants, like, bro, like, you can have the best paralegal at every law firm now.
Like, you literally can, you know, can, can, can train it to be that.
So, I, I ain't even going to hold you, bro.
If I got a paralegal that can fucking suck me too, bro, it's over for my old lady.
She might as well, she might as well just go.
Yeah, and I'm going to give, I'm going to give the next one.
I'm going to give the next, I'm going to give the next one.
Jonah brought this up, right?
So, I'm not going to take credit for this.
Yo, yo, yo, Scotty, Scotty.
Hey, Mr. Fu, Principal Fu, yo, I was, I was, I was sitting down in the crowd, man, and
I heard that 50 years, I got mad triggered.
My spider senses started to tingle.
My freaking muscles started to freaking get shaked.
My free, I had goosebumps on my body.
Noah, I know you, man, and you're a cool dude.
You always have fantastic takes, but 50 years, my G, that's not popping.
And here's why.
As a person who has been, who has designed AI myself, and obviously is working with AI
every day, there's no way 50 years is going to happen, and here's why, right?
First of all, you have to look at the different spectrums of AI, right?
You have, you have, obviously, chat GPT, right?
You obviously have mid-journey, right?
Certain things are contextual.
Certain things are obviously visual.
Now, whenever a company says, I don't believe any company nowadays that's set up
basically, yeah, it's not going to work, man.
That does not fly.
It does not make logical sense, and here's why.
There's so many facets of engineering right now that will probably benefit from AI.
Check it.
Every day, if I go in and I'm designing a product, would I like to see other versions
of that product immediately?
Fuck yeah.
If I had something to say, yo, I'm going to give you 50 different versions of this
product that you're designing right now, basically, this is what it looks like from
an industrial design standpoint, that would be fantastic, because now here's what I got
to do.
Then I break the product down into its parts and functions that are actually going to be
feasible and physically available to people to actually perform an action, right?
And that product will solve the problem exactly how it was intended to be, because my thought
process doesn't necessarily efficiently bring forward an idea as the AI can and as the AI will.
So whenever I hear companies say that, to me, that just sounds like either they're in
the Stone Age or they're not following through.
And let me talk about one more thing here, y'all.
Stories, articles written about AI.
How many of these journalists are actually embedded or actually have backgrounds in the
industry they're writing on?
I can tell you few to none.
And I will challenge any MF-er right now who wants to tell me why they believe that AI,
like Scott was saying, and obviously most of the guests were saying, is not going to freaking
destroy certain jobs in the future.
It only makes sense.
The more efficiency and the less emotion you can put into something, the more clarity you
can provide to providing that product to the masses, G.
I know, like I said, man, you're my G, you're my dude, but that take, man, was off the fucking
cuff and off.
Like, that was so far out.
I had to, like, send a rocket ship to go get that point and bring it back to Earth so I
could present some information.
I got to go real quick.
I just want to add my point since this.
I never said AI wouldn't replace.
I said the cost is skyrocketing.
The chances that you'd be able to do what you're doing today, next year, two years from
now, is going to be slim to none.
LLMs are getting created daily.
It's getting pay gated.
This is why I'm saying there's going to be a lot more time than we think what is going
to happen because we need new language models.
And you can make as much AI creation as you want, but if humans don't buy it, then who
cares?
The one place that is getting replaced faster than anything right now is actually porn.
I'm telling you, it's crazy if you look at it.
After that, most people...
It's a wrap.
Two seconds.
Two seconds.
When you talk about art and you talk about stuff like that, people bought a Picasso not
because of what he drew, because of the person.
It becomes that in the world that we're moving into.
More and more people look up if this is AI content or real content and are now going
towards the non-AI content and the more organic.
This is why TikTok moved into a new program where they now can detect if it's real content
or unorganic content and you don't get paid anymore.
So please, I know AI can replace everything, but will humans buy it?
With this, this is my Noah talk.
I love you all and I got to go.
Damn it, he had to go.
But if Noah didn't go, I was going to push back on that point, too, about why people buy
things.
But if Noah's around and anybody wants to hear why people buy things, I can get into
that, too.
After obviously doing this for 19 years, I can tell you why people buy products.
Send it!
You know what I mean?
First of all, I'm not talking about it from the perspective of people just going and gravitating
towards something.
There has to be, like every single solitary thing in this world, a data structure, a data
structure, a psychological feedback loop to everything that a designer or somebody building
product puts out into the world.
And what that looks like, it obviously has to start with some type of data tied back
to some emotion.
People buy with emotion.
Everybody in product design know that shit.
If you look at an Apple phone, that looks slick, that looks sexy, that looks freaking fantastic.
You don't even know why you want to touch it, but you want to touch it.
Let me tell you why you want to touch it.
Because it is neither male and it's neither female, which means it goes to that part of your
brain that says to you, this is nice.
If the curves are right, every single solitary time that you put on even a shoe, a Nike shoe
and you walk into that Nike store trust, Nike already know from the data set that it has
collected over the years, this is the colorway, this is the shape, this is what's going to
move.
So whenever I hear people say, well, AI, you know, it just can't attract people or bring
people to it, most of these MFers are going to go out here and they're going to try and
replace a real regular freaking woman with a damn AI generated one.
Tell me what AI can't motherfucking do.
Unless you have data backing up what you're saying.
Obviously, I step up here and I speak with psychological facts.
I don't do anything, Cap.
If I haven't done it, I won't talk about it.
And if I improve it, I won't freaking show it.
You understand what I'm saying?
So basically, I don't buy for one minute that there is not desirability built into data.
Psychological desirability that obviously follows through with us wanting to purchase, wanting
to buy, wanting to touch, wanting to consume.
Well, I do want to say to Noah's point, I think what he's stating more is like, you know,
that they'll market as AI generated versus actually created.
But I think that that line will kind of slowly slim away and people will care less and less
because really, I've bought AI generated stuff.
I like it.
I don't mind it.
Like, and I paid money for it.
So, you know, again, maybe that's just me.
Maybe I'm just weird.
But like, if I like art, I like art.
I don't care if it's AI generated or somebody drew it.
But that's just a different mindset, I guess, for some people.
And I think even when you look at artists, right, and you look at art, you could say a
piece of art is beautiful, regardless of whether it was generated by an AI or created by a human.
There's always a human aspect to it.
Where does that human aspect come?
It comes in the algorithm, the way it was created, the way the language models were put
together, and so on and so forth.
And how that AI took what you said and created what you asked.
That's the art, I would say, that's in AI.
And that can be different from platform to platform, obviously, because everyone's going
to be trained differently.
But these are things that people really just don't pay enough attention to.
They talk a lot on AI and this and that with AI, but they don't look at the nuances, right?
There's a lot of nuances, I would say, to it.
You know, and Will, to that point, it takes back into consideration there has to be the
human input in there.
If anybody ever watched anime and ever watched Ghost in the Shell, yeah, the Ghost in the
Shell was represented, obviously, by a female that was represented, obviously, taken from
something that has to do with humanity, right?
So, it's not like we're just going to say away with, obviously, creativity, away with, obviously,
providing beautiful things, and away with providing things that actually work.
There's, like I was saying a few weeks ago on this stage, that right now there's certain
things that AI cannot do.
It's not that it can't do it in the right way.
It's just that, obviously, it doesn't have enough data yet to, obviously, provide the
right feedback loop into, obviously, providing the right product.
And the right process right now is what a lot of engineers are looking at.
A lot of PhDs are looking at what is the right process to verify, validate, and, obviously,
move and prove that this thing here is actually what we want it to be, because we have enough
knowledge and we have enough wisdom in this area to, obviously, understand that the experience
of building into this data set and providing this product goes back, once again, to how
the data is provided, and then how the data is provided, going to that feedback loop now
of providing a product that, obviously, is high fidelity, and it works properly, and it does
what it's supposed to do.
Everybody's scared of the Jamaican guy, or what?
No, back-end computer issues, sorry.
Scott sounds like he's in a computer.
Yo, it's my anniversary tonight, and after he dropped that fucking 50-year shit, I had
to pop up here and be like, girl, hold on.
Make yourself look beautiful in the damn bathroom.
I gotta go address some shit real quick up in Prophet's faces.
I was fucking heated down in the motherfucker, like, what?
Yo, happy anniversary.
That's beautiful.
That's amazing.
Yo, thank you.
Thank you so much, Prophet.
So, I'm going to drop back to listener, because obviously, everybody's up here cooking and
shit, and obviously, there's a lot of smart-ass emepers up in this room.
So, I just want to say to all you beautiful motherfuckers, have a great, wonderful week,
and I'm not going anywhere.
I'm going to be listening, and do see.
My God, I appreciate you.
Maha, I have a question for you there.
Yes, I am.
What up?
What's up?
So, as a...
And, I mean, it's not that serious.
I don't think you mind me putting you on the spot.
What's up, fucking?
But, you're a CEO of Three Landers, and obviously, they've been around for a while.
Do you feel the future of what you guys do has anything to do with AI, and if it's, like,
too much alpha?
I'm not trying to, like, shill Three Landers, but I'm saying, because you guys have been around
for a while, and you are very serious about that project.
So, I'm curious.
No, no, no.
I mean, it's not a serious question.
I think it's cool to talk about.
It's something we have discussed.
I always forget the name, and it kills me, but there's another project out there, and
they also have, like, 12 different, like, subsets as us.
Like, and so we have 12 DMNAs in our collection, and not, you know, go too deep into it, but
their collection had each one have, like, an AI-generated Twitter where, like, you could engage
with, like, that person or that type of DNA or whatever it was for their thing, and I was,
like, we always thought that was really dope, but then, like, the use case was never really
really, like, brought to life.
Like, I mean, like, they did it, but no one really, like, took to it.
So, it's one of those, like, you can, once again, it's a resource thing.
Do you put the resources into it to build out this thing that may or may not be used?
I think what Noah was saying earlier, I don't know.
I guess that's why I wanted clarity in what he was trying to discuss here.
Is it about art?
Is it about, you know, whatever all these other topics are?
Or is it actually about replacing jobs?
So, in our instance, we don't have, like, a job to replace with AI, nor do I really want
I enjoy working with humans, and I think that that's cool that we build stuff as humans.
But, you know, I'm not a, I don't know.
I don't have, like, thousands of employees below me to think, like, okay, can I save costs
and remove 500 of them and implement AI here?
Like, I just think the applications are so different.
For us as a project, no, like, we have discussed it.
There's no really, like, future aspect of it.
Like, maybe we implement a little bit of it into, like, Minimon and the AR stuff just
so they have a little more life and animation to them.
But past that, like, no.
Like, I don't know.
I just don't think it's the path that we're on as a project.
Yeah, I feel like if you were, it'd be almost like buying Teslas when they first came out
as a regular retailer.
Like, you know, you'd be paying $120,000 plus, $140,000 plus, whereas, like, if you let
the big guys buy it down, eventually the tech will become cheaper, right?
And more refined, too.
I think it'll get better.
Exactly, exactly.
And that's where we're really heading towards.
Like, I'm not going to bash, no.
I feel like enough people have.
I would say this, like, if I were to expect AI to be, I would say, fine-tuned, I would
be looking like 5, 10 years will be really fine-tuned.
We'll have enough language models, enough data points at that point to where it'll be,
like, in everybody's hands, just like the cell phone from, like, the 90s to the 2000s.
But, yeah, I mean, like, I'm excited for tech, man.
I'm excited for software.
I like these things.
I think we'll enter an era of more protocols, as well, of what information AI is sourcing.
Because, like, right now, the Internet's a super dangerous place just to source freely.
So that's the other thing, too.
These models, like you're saying, are going to get better.
But, like, again, like Scott was referring to, you know, like, cool, let's, you know,
potentially replace teachers.
But then again, who is building the model?
Because that is the teacher.
That teacher is now teaching every kid everywhere.
If that's the hypothetical.
You know, if that is, that is, bro, that's some crazy governmental, like, control stuff
if it's in the wrong hands.
Think about how deep that is, though.
The teacher's teaching the AI.
So the algorithm guy is writing the data sets.
He's setting up the data.
And he's like, all right, sit in here and teach us AI how to do math.
And the math teacher sits in there and tells the AI how to do math.
And then the English teacher, sit in there and tell the English, or the AI how to do English.
How to, where to put punctuations, where to put commas, question marks, and so on and so forth.
Teach it out what a noun is, what a verb is, and so on and so forth.
I think a lot of people don't think about that.
It may not necessarily be a replacement, but more of a shifting of, right?
And as we get better, obviously, you know, we continue to teach it.
So I think it's...
Hey, Will, how shitty was our counselors, like, in high school?
I'm not speaking for everybody, but mine were just fucking facades, bro.
Like, like, bro, like, they wasn't counseling anybody, you know what I mean?
So it's like...
Mine was amazing.
I'm still friends with them.
Like, I'm still friends with them, and that's why you can see I'm successful.
I'm humble.
I'm trying to stay humble here, but I'm telling you right now, it makes a difference.
My guidance counselor, awesome guy, Peter Dumanian.
And I still, if I...
I still catch drinks with them, or, you know what I'm saying, how's your wife, blah, blah, blah, blah, blah.
Yo, teachers that care matter, and that's what...
It can't go away.
You can't replace that.
We can put an AI teacher in there to help our kids learn, but I'm not trusting my kid along with a fucking robot.
I don't know if you are.
I'll end on that.
Oh, I definitely am.
What are these teachers now?
Bro, we're like 15th, bro.
And I'm speaking on America, guys.
Well, it depends on who's training that AI teacher.
You see what I'm saying?
It depends on...
But DJ, DJ, bro, you read books in your 70s, baby?
Bro, you read either a Democratic written book or a Republican written book, bro.
Literally.
We all have facts, but it didn't matter.
Like, we all...
It was facts.
There was no neutral...
Bro, they leave shit out.
But that's the point, bro.
You're saying you'd rather have that than something that can be trained to be fixed.
No, no, no, no, no, no, no, no.
The current model, the current model, yes.
But I'm saying we need people to train these AIs the right knowledge.
You see what I'm saying?
I'm not ready to turn it over right now, baby.
It's the information that you're feeding it, bro.
It's the information that you're feeding to train.
I agree.
I agree a thousand percent.
So that's what I mean.
Is it going to be the same people who do the publishing on that same damn history book?
We don't have enough good teachers now.
We don't have enough good teachers now.
How are we going to have good teachers in 10 AIs?
It's going to get less and less and less.
Bro, that's what I think you're missing, DJ.
Teachers aren't going to be training LLMs, bro.
At all.
Who's training the AI robots?
Who's feeding the AI the information is what I'm getting at, bro.
Whoever's making that up, DJ.
That's what you're not understanding, fam.
It could be you.
It could be me tomorrow.
I don't want to say too much.
But you're not listening, bro.
You're just talking over me.
You're not listening.
Listen, anybody can build an LLM.
So before you say something back, learn what an LLM is.
It's not going to be some.
Yeah, it could be BlackRock making the LLM.
But me, Cass, Alpha, and Gigi can make one.
We're going to make Scotty, Foo, EDU.
And we're going to write our LLMs and pitch it to educational platforms.
Just like books and publishers.
That's why I'm saying there's no difference, fam.
It's the same legacy system now just with LLMs and AI, bro.
And when you do that, I'll be bullish on you.
When you do it, I'll be bullish on you, baby.
But you ain't done it yet.
But look what it got us to 15.
I hate the current system.
It got us to 15.
That's what I'm saying.
It got us to – we're the joke of the educational world.
Like literally.
Because of the vacuum of –
And you're saying – but you're – no, I'm saying what you're saying.
You said we still need some of these teachers to hold these systems up.
Some teachers, I agree, change your life, bro.
Like I'm talking about the counselor.
I didn't mean to set you off.
My counselors suck.
Some of my teachers – like my basketball coach was my PE coach.
My varsity basketball coach was my PE coach.
He was like my uncle.
You know what I mean?
Like I still fuck with him to this day.
You know, my seventh grade teacher actually had – brought me to dinner with them after like I graduated middle school.
Like so – like no, I totally get that.
Let me tell you the entirely different life of a child of a student.
Remember I told you my mom was a teacher?
This is why my – this is why my guidance counselor was my favorite guidance counselor.
This is why my nurse was my favorite nurse.
This is why my math teacher was my favorite math teacher because I respected teachers because my mom was a teacher.
You see what I'm saying?
But they're gone, brother.
Who's training these AI bots is my fear.
I'm saying there is a thing.
DJ, I'm going to say it again.
One more time, DJ.
Please understand.
Anybody can train an LLM and make it, bro.
Anybody in this whole world.
Mostly companies are going to do it because of the 5,000 gigabytes you need to train these models.
So, obviously, it's not going to be John Green.
So, it's going to be the same people that made the books, bro.
Like, I don't get this difference you're trying to see that the people that wrote the publishing books is going to be –
I'm agreeing with you, brother.
Well, you just said the opposite thing.
No, I said we're agreeing differently.
We are agreeing differently.
So, about three months ago, the U.S. Navy –
Hold on, hold on, Petra.
All right.
So, about three months ago, the U.S. Navy gave a presentation –
Hold on, hold on, hold on, hold on.
I want to get to Phil, my –
He had, you know, teacher.
I want to hear, you know, more teacher's point of view.
Petra will get you right after.
But, come on, we got hands.
We got ladies like Cass with their hand up.
Yeah.
That'd be fucking me up with that extra house shit.
Hey, Phil, I would love to hear your take, fam.
I'm glad you're here.
I definitely want to hear them.
Also, real fast, because, you feel me, we got shit to do.
So, I'm going to – we're going to continue on for maybe 15 more minutes.
I want to hear everybody's take because this is a great conversation.
Phil, thank you for being here.
What's up, fam?
Go ahead.
Yeah, I appreciate y'all.
I typically just listen anymore, but I just want to say keep doing your thing.
I had to jump up because Scott called the teacher beacon, and I was like, all right, let's go.
Here's what I'm going to tell you about teaching.
The reason that we're 15th in the nation, which is – or in the world, which is an absolute travesty,
and I agree with you.
There's a lot of shitty teachers.
I'll tell you why.
It's because we get paid like shit.
Like, let's just keep it a buck.
I've been busting my fucking ass for – this is year 11 for me, teaching at the middle school and high school level.
Actually, I'm just getting home right now because I also coach high school basketball.
So, I just got done with practice after being there at 6.30 in the morning to run a pre –
Thank you for doing what you do, brother.
Yeah, I appreciate you.
Appreciate you for running a acapella because I also teach music.
I'm a weird mofo.
I'm like a renaissance man up in this thing.
And so, I taught music before school clubs starting at 6.50 this morning.
I taught sixth grade music all day, which, Jesus, I'm glad I made it through the day.
And I got high school boys that I'm yelling at on the basketball court.
So, I love it.
Don't get me wrong.
But, like, what I would say about AI is I think it should be a tool.
I think it should 1,000% be, like, a tool, almost a teacher's assistant.
And maybe I turn into the assistant for the A later.
Maybe I'm the assistant.
Maybe I get a coffee.
But the reality is good teachers, and I think of myself as a good teacher.
Again, I did not go to school for teaching, never thought I'd be a teacher.
I think that makes me the best kind of teacher because I fell in love with it.
And what I do is I 100%, I can tell you right now, I am 100% using AI as a tool in my classroom.
I am 100% teaching my kids.
I teach a design class for eighth graders because I teach at an international baccalaureate school.
I have a design class, and 100%, guess what we're talking about?
Emerging technologies.
We just finished a unit on emerging technologies.
We're talking about AI.
We're talking about all the types of AI.
They had to do their own research.
They did their own projects.
And so now what we're starting our next unit is entrepreneurship and business.
And we're going to tie it all together with emerging technology.
And so what I'd say is I agree with Scott.
Thank you, good sir.
I agree with Scott and everybody that it's pathetic where the United States is in education.
It's 100% pathetic.
But the problem is I don't see it changing.
That's just the sad reality.
I love teaching.
I don't see it changing because you have to put more of a focus on teaching great teachers how to be better,
how to use these new tools, get the stick out of their ass.
And then number two, how about we start paying these people a little bit more so I don't have to fucking bust my –
Okay, dude, I'm fired up.
I'm fired up for a second.
I'm sorry.
I swear I'll shut up in 30 seconds.
I got to go in and see my kids, my own kids.
Dude, people say, oh, you get summers off.
Oh, dog, you get summers off.
That must be fucking dope.
You know what I tell them?
Hell to the no, I haven't had a summer off.
That's how I work my fucking ass off working a second job just so I can survive to be the teacher in the normal year.
It's like I don't get a summer off thing.
That is a misconception.
And so like we got to figure out a way.
And my thought is if you want better teachers, if you want the best types of people to be teaching,
well, guess how you bring new better people in?
You pay them better.
That's exactly how it works.
Money, money, money, money.
So again, I agree with Scott.
AI is the future.
And teachers need to realize that it should be a tool and they can't be scared of it.
That's the biggest thing.
I hear older teachers, you know, sometimes they're scared of it.
And I'm trying to open those eyes up, too, and say, hey, these are ways that you can use it,
even if it's in the smallest manner.
But I'm going to jump down and just listen.
Just say, keep doing your thing, friends.
Fam, I love you guys.
Keep doing it.
Better pizza.
Papa John's.
Hey, Papa, I just want to, hey, you know we love Phil.
Man, he wanted the day one, so we just want to give him his flowers.
And I knew what you did.
I love Phil.
He's been around forever.
Yeah, before us.
And Phil triggered me because, you know, I brought this up in spaces before.
How the hell?
I'm not going to be political.
I promise, y'all.
I'm just going to say one thing.
We could spend $40 million on one missile, yo.
One missile, bruh.
$40 million on one missile.
Got nothing to do with nothing going on.
This is just my family being in these government contracts, right, in Vegas.
They'll build a lens on a missile, right?
So, anyway, like, these high-tech missiles got lenses on them.
These lenses, just five of these lenses can be paid what Phil deserves.
What Coach Longacre, the man I brought up earlier, my basketball coach, just like Phil,
that literally would open the gym at 5.30 in the morning for me so I could get my 500 reps in.
Like, bro, he didn't have to do none of that shit, but he cared about us so much.
And, Phil, I love – the last thing I want to say to you because –
That's not politics, baby.
That's science.
You're talking fast.
Yeah, I hope it is, like, somebody like Phil.
And now I'm glad, DJ, because you asked the question.
Like, I'm so – like, now my brain is working.
Like, how can we get an EDU data LLM, you know, service where now the money goes back,
whether it's, like, royalties or Phil and the educational board that's, like, bringing this LLM together?
Like, bro, there's just so much in AI,
and teachers can really eat off this forever.
Like, Phil could leave this shit with his kids.
So, yeah, man, I just – I really get mad at all the teachers.
Scott, I'm going to give you an unpopular opinion.
Wait, DJ, real quick, bro.
That's right, you have to get into politics, brother.
Yo, DJ, DJ.
You got to get into politics, though, brother.
You have to.
DJ, hold on.
It's the city dows, like the mayor of Reno that come.
Like, bro, there's hella shit.
But we'll shoot a missile with a lens on it into a side of a mountain
for logistics and testing and all this other shit just to see what the numbers are.
But all of a sudden, bro, we can't pay our firemen.
We just saw those truckers, that trucker company, can't pay none of their pensions.
I mean, I'm sure – this is the messed up.
If they want it back, they got a lawyer up with that certain service,
and then go get it, bro.
Like, they should not even do that.
So whether it's LLN for teachers, teacher dow, teacher – city dow.
Like, yo, bro, like, this is what the technology, to me, was supposed to –
like, this is what it was for, right?
But we argue on Twitter about speculative, you know, tribalism and all this other shit.
But this is what it's for, and I'm glad it's going back to the basics.
So, man, hey, Phil, hats off to you, bro.
You know it's nothing but love.
Me and prophets love the shit out of you, man.
Yo, for real, thank you.
Let's wrap this up.
You guys have been amazing.
Me and Scott have a space at 8 o'clock with Vumio.
There's a new announcement coming.
The space is pinned up at the top.
Second pin over.
Make sure you set a reminder.
You're not going to want to miss this announcement.
Cass and then Gigi.
Oh, my God, two women.
I'm lucky.
Go ahead.
So we appreciate you.
There's another reason why I wanted to add,
besides, like, poor pay for teachers,
because that's specifically in the U.S., like how you're saying.
But, like, some countries outside of the U.S., they look at teachers the same way the U.S. looks at doctors.
And so they pay teachers that same level because they know the importance of these are the early minds that are going to go in and change the world.
But in the U.S., they don't do it that way.
The second reason besides pay in our education system is control.
The control of education equals the sustenance of power at the top.
And so that's another reason.
On the topic of, like, replacing a human teacher in A.I., I think there's good points on one side.
The nuance I want to bring into play is that the autonomy part.
So, like, having an A.I. be the teacher, yes, you can train it with all this LLM.
Great.
But now that A.I. has its own decision making to choose which information from all the information in its A.I. brain to teach the students.
And but to Scott's point, like, this is where we could also make it more fair.
Right.
We can make it evil or we can make it more fair.
And we could put in, like, ethic codes and say it can only use this type of information this type of way.
And so I think it gets, like, pretty interesting on the back end of this.
But if you want to, like, think about A.I., like, at a ground zero level, it's definitely the military is always testing it first.
And that's the show, again, where our dollars go, where our priority goes and just how we how we view education, how we're taught to view education, how, you know, how the control of education is.
And we see this within different states like Florida emitting certain like taking out certain things from the textbooks.
But also, like, we've got to upgrade, upgrade the entire textbook, not just omit a bit of history, like all the other part that you left in is also incorrect.
So, yeah, there could be an element of fairness if you really control what's going in, but also just creating an ethics code because that autonomy part is the scary part.
Yeah, that's what I wanted to throw into the mix when you and DJ were going back and forth.
It's like, what is the A.I. choosing to teach, though, out of all the knowledge that they have?
Hey, can I jump in really quick again?
Sorry, I got something with Cass here.
She says, you know, talking about the respect thing.
I can tell you, again, I love I feel very fortunate in the school I work at, but I also know that we kind of joke.
I sort of joke about it is like, well, pretty soon you might as well just put a GoPro on me to make sure that I'm doing the job right.
Because we have so many teachers, so many kids that like, hey, if your kid screws up back in the day, by the way, my parents were both teachers and I would have never thought I was going to teach ever.
But I can promise you, if I made a mistake in science class, my mom and dad were not throwing a lifeline for me.
They said, you go figure it out.
You go talk to the teacher.
You figure out what you're doing wrong.
Nowadays, if I'm just keeping it a buck, usually it's teacher, what are you not doing?
What are you not providing for the X, Y, Z kids?
And that's just the truth and unfortunate.
And it does start with like these large entities.
Like I work at a public charter school, which is an interesting blend, but we still have to go through the BS of the state regulated, you know, information that I've got to teach for music or for whatever class I'm teaching.
And so the Department of Education as a whole at a national level, that needs to be blown up.
And we got to start over because that thing's so bust.
It's not even funny.
Thank you for that ad.
I definitely agree with that.
Gigi, the floor is yours.
Go ahead.
Hey, everyone.
I just wanted to add because Cass pretty much said it, but it is about who's like the control part and the basically like what I wanted to add is that like no matter what school you go to, it's like there's a curriculum, right?
So like whoever chooses that curriculum, that's what they're being taught, right?
And sometimes the curriculum will change as time goes, like books will be taken out, they're not appropriate anymore.
Like whoever decides all that is pretty much what's being taught, right?
And similar to what Scott said earlier about AI and how whoever built it, right, like gets to decide where does that AI pull the information from.
It's very similar to that for teaching, like whoever decides what the kids are going to learn, that's what they're going to learn, similar to how AI, whatever, whether you program it to filter through US or the entire world.
Like where is that information coming from, like where is that information coming from, is it coming from Google, is it coming from a specific person, that all matters and that will shift, right, depending on who builds what.
And back to when we're talking about AI, I think it's also, obviously physical art and artists themselves, like there's something that you can never replace, I think.
I agree with that, that when an artist paints something or sketches something, it means so much more.
But I do think that as we evolve with AI, we're going to see a lot more interest in AI art because it's also how you utilize the AI and it's not just an artist's skill to, sorry, that's my cat in the background, if you can hear her bitching.
Doug, I am dying.
Oh my God, dude.
I thought that was a baby.
I get that all the time when I'm on a call.
They're like, do you need to get that?
I'm like, that's a cat.
Don't worry, this is good.
But what was I saying?
Yeah, with artists, it's not just their skill of how they express their thoughts.
It's also their thoughts that are what's intriguing, right?
The storytelling.
So with AI, it would allow a lot more people that maybe don't have the skill to paint or draw to express what's going on in their mind by like storytelling and really using those prompts.
To, to create things and visually and express their mind visually.
So I do think there's room for both.
Hey, Gigi, I love that.
And, you know, I just want to, you know, we like to talk numbers and we got Phil here.
So I want to be very clear about, and I'm only talking United States.
I looked it up.
How the hell are we paying Phil?
We're the 13th, Phil's the 13th highest in country rankings, right?
So let's take a California teacher.
So 42K is the starting.
You know, you fresh out of college in California.
You want to be a teacher your whole life.
You went to a dope school and you ready.
So everyone knows in California, 42 is about 33, 34.
Divide that, it's about 2,800 a month.
Bro, you can't get a two-bedroom apartment in Cal, like, bro, like in the hood.
Bro, I'm talking East Oakland, like something, this is wrong, period.
This is not right, it's wrong.
Just like, you know, I ain't going to be political.
Just like the VA hospital in LA, they're building UCLA dorms on the land
when that was supposed to be in 1888 given to anyone that fought for our country
could use that land.
But nope, some rich people took it.
And now that order of the people who gave that land, now it's UCLA dorms,
bunch of stuff, shops, same thing here.
We can shoot a lens, literally a lens on a missile.
You know what I mean?
You know, my brother's, I'm not hating on you, Petey, I love you.
Shoot that shit on the side of a mountain for numbers.
But we can't figure out how to pay these firemen, doctors, the fields of this world
that are literally the molders, the sculptors, you know?
Like, it's crazy to me.
But don't want to sound on the press.
I just like to talk numbers and what's really going on.
Yeah, and love y'all.
Very well said, sir.
Definitely agree.
Thank you guys for tuning in.
As always, a beautiful show.
Happy Friday.
I don't know about going outside.
I would stay inside.
But I'm not.
I'm not.
I don't have my superstitious, I promise.
No, but thank you guys once again.
There's, again, a major announcement.
New Call of Duty just dropped.
There you go.
There you go.
There will be an announcement that will be made.
In the next space, you want to make sure to pull up,
especially if you fuck with me and Scott.
If you don't, don't pull up.
But, yeah, at the top, please set your reminder.
Very excited to share this announcement with you all.
As always, Web3 Exposed goes live every day except Wednesdays,
3.45 p.m. Eastern or 4.20, one of those damn times.
Go ahead and get in the Discord link and bio.
Follow Exposed Media.
What else do I need to show?
What else do I need to show?
I think that's it for now.
But, no, thank you guys so much.
I'm going to take a break before the next space.
Very hyped for the next space.
So, pull up, 8 o'clock Eastern, on the Vumio account.
Talk to everybody soon.
Weekend segment.
Maybe, if y'all motherfuckers are lucky,
maybe I go live tomorrow.
Scott, any last words, brother?
My mute button, sorry.
No, thank you, everyone, for pulling it up.
It's been a crazy week.
I hope, like, you know, your favorite influencer loses a little credit because,
like, we've been posting nothing but data.
You know what I mean?
Like, we ain't able to talk about our ass and make shit up.
So, I really, like, want, if you didn't read it, like, read these posts that we posted.
You know, if you want to do more in AI, join our AI network chat.
Like, oh, there's no drama in there.
It's just people cooking, sharing, educating each other, showing each other the newest stuff.
Yeah, man, just keep your eyes on the prize.
Like, all this stuff, all this cool stuff doesn't go down on crypto Twitter.
You know what I mean?
This is the town hall.
Treat it as that.
Treat Twitter as the tool it's supposed to be.
Not the end-all, be-all.
And, yeah, man, I'm just really bullish.
And, oh, last thing.
Join the Discord because the LinkedIn shit is cooking.
Make sure you drop your LinkedIn bio in the Discord.
You know, shoot the connect, not the follow.
And, yeah, let me in profits endorse some of your stuff, man.
You went through a slow channel, we endorse you.
Fuck yeah, dude.
Alpha, baby, you heard the man.
Thank you, ladies and gentlemen.
We'll be back shortly.
Oh, yeah, we dropped the 1,000-person VC list.
No big deal.
Dude, yeah, facts.
You stay with the freaking Alpha.
And he's not even shilling you his front tech keys, bro.
Anyway, thank you, everybody.
See you guys in the next space.
Have a good evening.
Have a great weekend.
Be safe.
Drink water.
Tell somebody that you love them.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
Peace.
