I'm the latest, I am the greatest
Don't talk, talk with me, I ain't afraid
You niggas out in the faded
You niggas for a star, set it up
This nigga need better sun, I'm a Z away the tongue
When you hear them take instead of time
Don't be goin' with this, come here baby
While you always is if you are
Home and tight, you a nigga and be strong
I ain't a business, talkin' my intuition
Free to show, reminiscent
Don't need a gym and listen, now these phony niggas
So ahead of my time, even when I rhyme
About the future, I be reminiscent
You on the super, come and listen
I'm not that time, you back it down
Inject your phone and song, what's the number listen
The state passes, you got half of you fly
The other half of you fly, too high to actually fly
One day you'll have to decide
Who you gon' be? A scary nigga, or a nigga
No, you might be, like the new Ice Cube
Meets JD, ain't no nigga that is too like me
We gotta take a risk, baby
The prophet knows who wins
Ladies and gentlemen, let's fucking go
This is probably one of my favorite songs
That guy is a menace on the fucking timeline, dude
Bake still, fucking willio
I got extra crypto, therefore
Like, comment, repo, the room, and you might get some in your wallet
We gotta piss everybody off
Because they doubted us, ladies and gentlemen
You think you heard me, but I promise I was letting you
I cannot wait to fucking have a thousand followers on TikTok
I'm gonna have the fucking turntables going crazy
Because my imagination is mine
I will never get to see it
But all identity is intertwined
So it reflects the sun's shadow
So it reflects the sun's shadow
Happy Friday, baby, happy Friday
Let's go, let's go, let's go
All right, relax, relax, relax
With your hostess, with the mostess
Your girl, Shelly Spess, aka Promise
Speaking for myself, I'm fucking around
I had calls that were needed
And now we're here with you guys
We're about to get started
Before I do, we gotta play this track
You didn't fucking know, now you know
No other spaces has this, my G
You go around, use a clam, use a bow
If you didn't think we know, we know
Fucking cut the wristband
You guys aren't fucking with me, it's fine
You guys are, you guys love me
Welcome to the show, let's get it going
Enough about me, I'm not important
I'm not as important as the information we're going to jump into
First of all, I want to congratulate
I woke up so fucking hyped off of that
Fuck, it was so nice to see that
Like, creator economy wise
More than ever to have your own platform
If this is your lane, if this is what you like to do
Triple the fuck down because
Just made it fucking possible, man
He literally just confirmed
That means, yo, that means that there's going to be
Dozens more of this, why?
Because companies are going to follow
Sorry, you know, schnauzers
Don't listen at all to their owners
There's going to be so many more announcements like this
With other companies and other streamers
It's only a matter of time, bro
It's only a matter of time, fuck around and find out
Shit, jump man profit's in the building
Man, what you talking about?
Um, that'd be fucking great
I made a custom shoe and has
Assessed profits on it, it's pretty fire in the tongue
Um, we're going to talk about the 404
Bullshit that you guys love to fantasize over
Uh, to be honest, you guys fantasize over anything
That has the opportunity to make money, I'm not mad at it
But, I am mad at you idiots
I keep talking about stuff
Four weeks later, I'm sorry, I don't know what happened
And then you keep going back and forth in these cycles
Just don't do it at all, like
I feel like you got a little spain on you now
Because you didn't do no research, you know
You got some fucking hype
And you didn't know how or why
Who was wronged for you to get the 17,000x
And this is all the time, I'm going to talk about it
And guess what, everybody else gets wrong
Um, no, I'm excited as fuck to see
There's a lot of content out
A lot of cool videos and stuff
There's, you know, some good shit out there
Shout out to Franklin again
Congratulations on fucking flipping
And making a quick $600,000
I hope you guys will shut the fuck up now
And realize you the last will move forward
The apes are fucking here to stay, okay?
This psycho-ass mutant ape with pink hair
That has her fucking ape in Wynwood
On a fucking 80-foot fucking wall
For everybody to see and take pictures of
He's holding the poor damn yacht club down
Alright, relax, just kidding
I am holding it down, though
A lot of you guys didn't know
But now you know the mutants are the outfit
Um, no, I didn't say that to show all that
I'll quickly address that
I understand we get excited
We want to talk on the timeline
That a multi-billion dollar company
Actually, I don't know if it's multi
They're definitely a billion
By a quote-unquote notable member
I think he's a great dude
Let's focus on other shit
We'll just crypto Twitter here
If you're in the trader chat
Fucking Will has been given
A lot of you are probably as well
I can't handle the membership
Compared to a lot of shit
We're not so much free shit
The trade analysis on the weekend
Probably we're gonna skip this weekend
Are gonna be watching the game
And the biggest change is
I don't care about your shitty ass
That means that your bags
To motherfucking Valhalla
Thanks for those that asked
Like, comment, repost the room
I am not a part of the cabal
Therefore, this is organic effort
We love to fucking see it
Let me get that motherfucking market analysis
Guys, what happened to those little thirties?
I know what happened to that
I guess the market chose the other direction
Than what everybody was looking at
It's kind of weird, right?
I want to start off kind of
Five thousand sixty sevens
Uh, whatever we come up with next
New protocols or new ways to
Kind of, you know, basically
It's an interesting concept
It's an interesting concept
It's already been invented
That's why I don't understand
Why people are trying to act like
On crack does not help anybody
And eventually you lose your teeth
Like that's basically what these are
Like if anyone wants to come out
So I'm just letting you guys know, right?
Very very high risk with these
That have like these massive
Like I think it was like Pandora
And 254 mil in market cap
If you look at the wallets
Because they think they're hidden
The way they've set these up
Is you can't see the contract
You can't see the holders
But if you run a sniff around
You can get the wallet sizes
It'll be the creator wallet
I don't think I've come across
One where that's not the case
Are you talking about 404s?
Can you tell me a technical response
Why hasn't this been thought of before?
There's already protocols for that
That's not going to absolutely collapse
Where they can end up collapsing
You're throwing some money on the table
It's it's it's very risky too
You you can easily look at the
You can look at the market
Some of them have moved up
And the whales are way ahead of you
Before you get any smell of these
So you have to be kind of cautious with them
Again I'm not saying you can't play them if you're smart
It's going to be really easy to buy tops here
And you're going to see a lot of people talking about them
As they're starting to reach tops
You're not going to hear them on the timeline
Before they start hitting tops
A lot of people think that that
No go look at the liquidity
Way ahead of you getting in
I wanted to touch base on that
You you hold a whole token
Whatever the value of the token
Like I think Pandora's at like
15,000 or something like that
And you can sell that NFT
And then if you sell the NFT it burns the token
And if you sell the token
Or even if you break it down past one single token
And then when you go back to a whole token
Uh so it's like fractionalized NFTs essentially
Whatever you want to call it
Uh kind of a dangerous play
The way most of these are set up
Did you want to say something prophets?
Oh you're good you're good
Yeah I just want to make sure I wasn't cutting you off
That's my thoughts overall on that
I keep seeing everybody on the timeline talking about it
I don't feel like a lot of people did their research
I'm sure there's going to be some devs
That will try and dispute
I'm more willing to listen
That's the easiest way I can break it down for you
And the way that I see these things as playing out
And if you do come up and defend
I want to see your wallet
I want to see your owner wallet
And I want to see your contract creator wallet
Because if they look anything like the ones I've seen
I don't know what to tell you
I guess we can kind of get into markets
Did you want to weigh in on that prophets before you
No please give us the market analysis
And I would love to just get this out of the way
For all the grish that are about to come in the next
30 days because of the stupid ass halving
Please give us the relevance to the halving
Five thousand fifty fives
They're efficient at what
I think that this is a dangerous thing to be playing with
And you're probably going to see more of it
You're going to see more degeneracy
One of these projects will probably hold their bag
And let these things really run up
Before they actually start slamming them
Basically a patient rugger
I don't know if anybody was here for squid games
But that one was pretty epic
When they rugged that one
And so a lot of people haven't experienced those type of plays
Where you're in the hundreds of millions of dollars
And then all of a sudden somebody just rugs everything
You'll find out really quick messing around in here
Look at legit projects guys
Like just try to stay away from the degeneracy
Unless it's extra money that you don't care about actually losing
We could go up there you know into the nest and uh
You know I did point out there at the top
If you would have longed every single post that I made of a buy
You would have caught a bag on every single one
And I have refutable evidence
Buys throughout my timeline
You can find every one of them
I posted them up there for you guys
And if you are counter trading will
I want to see how much you're down
I want to see how much you're down
Again I'm not trying to gloat guys like it's
I'm just used to these markets
I'm used to seeing how they play out
I'm used to like all that stuff
I try not to play one side or the other specifically
Like I watched a bunch of people dump their bags on a project I'm in yesterday
And they literally dumped the bottom guys
Like it bounced up like almost 3x today
A lot of these people are supposed to be like good traders
And they're just like I'm out of this project
And it popped off 3x in the low
You're gonna see that more often than not
The minute you decide that
Or I wanna move my liquidity
You're gonna see a lot of this kind of stuff play out
And this is why like I know to be patient in these markets
You're watching a movie right now?
No this is your background music
Who would've guessed right?
You know we're kinda at like 48 today
We'll see if we can get there to 52
But even if we don't I was close enough
You know you gotta know where these zones of liquidity are
Support and resistance at the end of the day
At the end of candlesticks again you had a hammer
And a lot of people were looking for a bounce
That much liquidity does not come back
I'm gonna push up a bearish candle like that
So it could stop technically around 48, 49
But if it continues through
Which I think it will do before it'll trap
It's gonna trap liquidity
I think it's gonna go to 50, 52
And then it'll probably roll back into like 45
And a lot of people will be calling for low 40s
They'll be calling to like low 30s
They'll be calling them at 30s
Ever since 22k people have been traumatized
As if they remember the moment that their dad actually left for milk
That's just how this market works guys
Like it always works against you
There's lots of areas to find liquidity
Instead of things you're good at
I'll let other people kind of jump in there
Definitely gonna see a 3000 dollar ethereum
Uh man I'm excited for that
I'm excited for this market
But let's not get ahead of ourselves
Someone's about to get some crypto on their wallet
I'm gonna announce it too
I'm gonna announce it today
Get you guys hyped as fuck
Let me ask you a question
Don't answer with a voice
Did you want to add anything productive?
You got the first day of the day
You're not off on the 404
I'm looking at like flash
That flash loan attacks right now
I think honestly that's like where the
Where the big play would be on these things
With as much action as can happen in one block
I feel like there has to be like
We'll do further inspection
I think like the idea of just releasing
On the smart contracts of the public
Like I'm just actually amazed
It's kind of actually bitchin
You know I did the same thing to ordinals
I faded ordinals super hard
Although this is where it's going
Why would we go backwards
People wanted to go backwards
And start doing graffiti on the blockchain
I do think it's just like
Kind of a signal that we need
We just need to further optimize that
And I think people get the best
Well I forget the platform Saul
And then they'll give you
Liquidity flow in so much
And before you start seeing
And you're going to start crushing
And people are going to get
It's going to get them wrecked
Without putting up an EIP
And like people overlook it
Maybe it's the boring part
Why we're losing traction
These nice bursts of energy
With enterprise level software
We just kind of throw shit
That's exactly what it is
People testing things out
I haven't sang that to him
This is some other Sandman shit
He probably knows the song
Happy Friday, happy Friday
So only one of the greatest bands
I just actually just landed
I was giving a presentation
And somebody came up to me
Okay, so I'm super excited
Because there's essentially
It'd be interesting to see
How market behavior happens
The only thing that seemed
I've done it on the Solana
More of a technical nuance
And it'll reduce slippage
Because you'll have a big block
That you can buy essentially
So that's interesting too
Essentially what's happening
Versus the broken apart one
He's off base a little bit
This might be a fashioning
Bro, I was thinking about
That's how you move liquidity
It's almost like a scary thought
I was thinking about that
To up their security game
People are building with AI now
So they're getting more competent
And put them back together
That that could be a thing
This is more of a test net
Than something that's real
Like if you're going to put
But you'll eventually lose
You'll lose all credibility
And ultimately you're playing
If you can get those bags
That quick marketing press
That should last sometimes
Oh wait, what are they building?
You know, because it's like
Like I was talking to my friend
You have to like grow weed
To like be an authority in weed
To be an authority in weed
But in tech people will come
Around and act like an authority
And it's all based on like
Tech and marketing align more
Back and forth in the office
Is at a huge misalignment
Where marketing is promising
What would you recommend?
Can I tell you something, Kenny?
I've been doing a lot more
Research and buying nothing
Just like sitting on the beach
Like let's think about Hawaii
Fuck 80 surfers in the water, right?
They're getting crashed on
All kinds of different things
Meanwhile there's a whole culture
But involved in surf culture
Now that's like a whole thing, right?
That's kind of literally just
Watching the motion of the water
Waiting for somebody to get wrecked
So maybe I can paddle out
Here's another even crazier idea
So how about the tech becomes
Meaning like there's actually tech, right?
Like is there a product, right?
So don't sell people a test net
That's what organizations
Doing what it's doing right now
I think test nets should be
Test nets are good for showing proof of
I mean this is why you did it
And they have an airdrop farm
This is why you didn't see me
Coming up and touting 404s
Like everybody else on my timeline is
I looked at what was going on
Click the contract on these
So I don't know if you noticed this
You could still figure it out
Pandora and D frogs last night
It doesn't even open anything
Like you can't see holders
The financial responsibility
I'll give them credit for
Is their contracts aren't
You talk about on the 404?
Have you looked into the holders?
No no I haven't gotten that deep
I've just been looking at
The software architecture
Ketamine Kevin's behind it
That's what it feels like
Feels like Pandora's got like
You're getting as crazy as fuck
Because you're referencing Pandora
Straight up Pandora's 22%
5% is leaning on a lot right?
Yeah that's what I'm trying to say
You'll be crushed into the floor
Maybe they have something
The nuance of where it makes sense
Like if you're holding for like
Or if you're holding for like
Say you got proof of stake
But these ones specifically
They're holding those amounts
If somebody could justify it
White papers justifying them
Like doesn't really tend to
That comes out on the stock
Gets on the marketing train
I wouldn't even get that advice
It's interesting for sure
But I'm not one of those guys
That was taking a lot of people
I thought you were getting
I thought it was me right now, dog
Like I was gaslighting myself
I was actually gonna ask him
But nobody's talking about
What I thought was interesting
Eigenlehr opened up their caps
So have you been tracking on that much?
A lot of people are talking about that
It's probably a bigger technology
Look, I don't know what happened
Turn the Wi-Fi on and off
Yeah, we're good, we're good
Smack the side of the console real quick
He said something about Eigenlehr
How about looked into it?
I wanted to know specifically
So they had their caps locked
And they opened up their caps
Like I think it was the fifth
Which I think is sometime this week
But it's pretty big news, man
And I feel like there's a lot of
Advancement happening in that space
As it relates to DeFi trading
But I don't really hear a lot of people talking about it
I don't know if you're tracking it
Or what your take is on it
Yeah, let me bring him back up
He has one chance to fuck up on today's show
He already knows what's going on
He knows what energy I'm on
Let's get his ass back up here
We need some fucking music for that
In the meantime, 42 comments
Sorry, I sound like Squidward right now
Because of the weird weather changing
My little immune system is like
Yeah, we can hear you now
Maybe I was just in the hood
I was trying to go to Subway
But I guess that's not going to happen
I'm going to hear you now
I think I'm going to hear you
I don't know if you can hear me
Every time you say I do, Larry goes right on
Well, you got to jump on that
I'm going to restart the app
I shouldn't have asked him a question
Hell, you filthy immobile
Prophets, tell me about the event yesterday
Seven, you motherfucker, you
I was also going to mention some
It was a good group of people
It's going to be a regular situation
I feel like there's a reason why
A lot of important things like you just mentioned
And it's because they're not easy to comprehend
Or people are fucking lazy
To do their actual research
Like I'm looking at these coin telegraphs
And these random articles right now
And I'm like, these are fucking sorry
This is our fucking news source
I had to restart the whole app
Hold on, please take a chance
No, no, I was going to say
Going to eff around and find out with that one
A lot of people are going to be upset about it
But, you know, at the end of the day
It's basically like fractionalized ETH
You're getting whatever ETH
Whatever platform provides you
For those of you who don't know
That ETH that they're giving you
In place of your current ETH as a reward
And you're staking it again
You're double staking something
The other one actually doesn't
And then you're getting a reward
But, like, to me it's like
A collapse scenario that could happen there
Even that itself is kind of a complicated
Complicated conversation slash tech, right?
And I think, not enough people have looked into it
Like, everybody's super hyped up about
About the Eigenlayer airdrops
But, like, I mean, what happens when people
And then unstake their current
There's not that much liquidity
Like, you're fractionalizing
Airdrops have turned to, like, the new whitelist
It's almost like they replaced
What whitelists were for marketing in the space, right?
Like, they create, like, the artificial demand
And, like, the qualification and gamification
And it's, like, it serves literally, like, zero purpose
To the actual, like, improvement of, like, the tech stack
To what, like, what Sandman was saying earlier
Like, let's make tech that sells itself
Like, you don't gotta sell them
You don't get into iPhones
It's better than an Android
People have to go that way about an Android
They, you know, you don't gotta sell them
They like it better than an iPhone
You know what they're doing, right?
They're trying to create the US monetary system 2.0
No, well, they know it needs to happen
It costs too much to make
To keep track of, to soar
There's too much slippage
And, you know, realistically, this is just the better way
And so, like, there's not
There's always gonna be some money controlled by a government, right?
So it's, like, to be honest, I just rather have it be this type of money
It's just a better technology
What I'm talking about is they're fractionalizing loans
And they're trying to create money that doesn't exist
Essentially just like the US does, right?
Through loans and so on and so forth
But you can't fractionalize loans
You can't, like, those are things that collapse
That's the problem with the current US system
Is we do loans on loans on loans
Is it a fractionalized loan?
You were lending your ETH to do different validations
It's like almost syndication on blockchain or something like that
Yeah, so, like, so what you're doing
From my research, though, like, what you're actually doing is
There's, like, different security validations, let's say, on Ethereum
That the nodes are making
And you're lending your ETH to do that
And in a traditional model, you can only lend your ETH to one application
For, like, being used as a validator or whatever
In this scenario, you can do it multiple times like you described
But I didn't read that it was, like, a fractionalized loan, per se
I do see how it could all, like, kind of
Ultimately, you could end up with impermanent loss
Just like you do on anything with those liquidity pools, right?
If there's a, like, rapid fluctuation
But to me, the bigger risk of that is more in the base, you know, the stability of the coin
Which is AKA Ethereum here
So, if Ethereum, you know, jumps down to a thousand, right?
Just falls off a cliff, then, yeah, you could have impermanent loss
But otherwise, I mean, I don't know
I didn't really understand it to be loan-based
Was that something that you read somewhere?
So, why do you think they're rewarding you with their version of ETH and not ETH specifically?
Well, because they've got to take your Ethereum to do their validations, but
And essentially, just like any blockchain, right, they all have different protocols that they're trying to validate
And so that's their whole financial model, right?
Is that they need liquidity to come in, they need nodes to validate
I guess the other risk is if there's no users on that chain to, like, have transactions to validate, right?
So, I guess you've got to kind of make sure you're, if you are doing those staking things, you're doing them on, you know, scalable platforms
But, I mean, look, Lido has, fuck, well over a billion dollars in TVL
And what Eigenlayer is doing is essentially allowing you to, you know, essentially reuse that on a variety of different staking applications
I guess what I'm saying is more they're acting like banks
So, like, let's say you get ETH, right?
So, you got ETH, you stank, you stank, you stake your ETH
And then, from there, they give you, Coinbase gives you SEETH, right? C-E-T-H
And instead of selling that C-E-T-H and getting regular ETH, you then stake that C-E-T-H
Now, Coinbase gets to keep your rewards, essentially, right?
And they get to capitalize on that because you never sold it back into ETH
And now, Eigenlayer has taken that, and they've given you money based off of the SEETH that you had, right?
And then, what happens when Eigenlayer gives you EIGEATH, right?
And then, you take that EIGEATH somewhere else and you stake that
Like, where is all this liquidity?
It's like the housing market in 2008
Like, people sell paper houses that have been sold three times
I mean, if you take it to that spectrum, of course, right?
If you take it to that spectrum, then you'll have this thing called the U.S. financial market
That's what I'm saying, because we're pointing, that's what we're pointing at
That's essentially what this is, yeah
But, you have to understand that, like
So, the value is in, like, something in the middle, I guess, right?
Like, if you take it to one extreme spectrum, of course, like, you can't be fully levered
But, on the other side of the spectrum, I mean, that's how you grow, like
You have to be able to use leverage to grow to the scale to support, like, these many users, right?
So, there has to be a sensible amount of leverage
And, yeah, I mean, maybe there's not much moderation on that
Like, what is defined as sensible here, that would be interesting to see
But, you know, the way it's supposed to work
Is that you're able to use some amount of leverage against, you know, the posits that you have to go out and lend
And that's supposed to create, like, you know, GDP expansion, right?
Like, where people will take that money, they'll build buildings, all that shit, so
See, I think in, like, let's say two, this might sound crazy
But, in two generations, meaning, like, 25 years
Once, like, the first hoard of crypto enthusiasts have died off
And left the sauce to the next generations, right?
That's, like, when, like, it'll be imprinted in society enough to, like, create mechanisms like that that work
Because there's this, like, there's this uninvolved trust that happens, like, when kids are born into a system, right?
They just automatically, like, trust and think, like, okay, that's the way it's done, right?
But, like, none of us were born into this crypto system, right?
Unless you're, like, a baby that's, like, doing crazy trades at 10 or something, right?
So, you know, or Nick Small
But I think that, like, there's a small percentage of people right now that really see the long term
And then once it gets to the long term, like I said, like, through a couple, you know, housing cycles, right?
Then all of a sudden, like, this is a stable asset that you can start to have banking mechanisms built off of
Yeah, I'm not necessarily saying, like, it's bad to, like, I guess give loans or to go in and stake things and get rewards or any of that stuff
I'm just saying, like, when you start doing it on the same asset over and over and over again, it's almost like the GME squeeze, right?
And basically, and that's all it'll take, is it's a big whale to come in and just start dumping ETH just to crush everybody who's in these protocols staked
And it more or less, you know, the collapse of it is ultimately dependent on the people involved
But it's more dependent on the people who have the biggest bags
And so rather than it being a government that can protect you or whatnot, you're hoping that the whales don't start, you know, just unloading
Just to try and create some kind of liquidity crisis within the space, which we see happen every single cycle just about
And that's kind of my thing is, like, it's definitely a play, like, you can play the liquidity
Like, if you can create something from liquidity borrowed or you can create something from liquidity gathered, then it probably worked out for you even in impermanent law scenarios
But if you can't do that, like, a lot of people are going to get rugged in those scenarios
Because they don't understand what they're working with or what they're doing
And that the money that they provided or up front could end up getting wrecked
Yeah, I mean, I think it really does come down to the protocol
But I do think there's a certain amount of necessary leverage that you have to have for expansion
And, you know, being able to use your own assets to create money is pretty much the way all financial systems are built
Unless you're of the POV that there should never be anything called debt, and it's just always cash settlement
And maybe that's the vision, I don't know, for Bitcoin, but
I don't know if that's really the route either, because, yeah, that can stunt growth
I understand that perspective, Sam, for sure
Like, you need some type of-
Yeah, we don't live in a deflationary economy, right?
I mean, that's like, it's already like hyper-evident
It's like when you say, don't trade against the momentum
Like, to sit and wish for a deflationary economy in this current state of it, right, would almost be like
Begging against the momentum that's going on, right?
Well, I don't know, I just-
Well, deflation, actually, a lot of people don't even realize this
But deflation actually hurts the poor in mind, it hurts the rich
And so you don't want to see a deflationary economy
Because it stunts your growth, it stunts your ability to get out of your situation
There's lots of loopholes and lots of ways to get out of a bad situation
If there's inflation, but deflation basically doesn't allow for that
It basically crushes everybody
I see we have BSC, too, up here, he's been had his hand up for a while
I don't know, profits if you want to
Yeah, I'm not gonna lie, breaking rules today, letting accounts up
I don't let none of you motherfuckers up
But let's hear what this BSC and gaming wants
This is way out of my pay grade
Hey, what's up folks, apologies, it's on a work account
Usually I'm on my personal account
Thanks for letting me on, it's mindless
Will, you definitely touched on something great here
It's mindless, you fucker
Yes, like that, I'm sorry, I should come back on my personal account
And I think this is a discussion that actually needs to happen here
You know, six years ago, eight years ago, ten years ago
There was a really big discussion in this space about economic models
Difficulty curves, distribution, scarcity
And how all of these things were important for an economic model
And then you had Ethereum coming with a proof of work
Transition to proof of stake, so they realized
Okay, proof of stake doesn't have an end cap, it's a no supply cap
How are we going to mitigate the problem of distribution
Okay, let's introduce a burn mechanism
Every time you have a gas fee, it burns ETH
And that was the idea of trying to create scarcity
Like, I don't understand why people don't question this
But I can layer, and the whole liquid staking thing
This is what really kills it for me
If you are telling me that I can have my cake
And eat it at the same time and still have it
What's the damn point of the whole entire model here
We're just replicating Wall Street and putting it 2.0 under the blockchain
And essentially creating all of the issues of the past of central banking
Here, put your gold in the bank
I'll give you a dollar for every dollar worth of gold
Oh, by the way, I've issued 2 dollars for every dollar worth of gold
Oh, by the way, it's 4, it's 10, it's 20
It's that whole scam of just rehypothecating this all over again
And this time it's ETH calling it eigenlayers and liquid derivatives
Somebody please explain to me from a first principles perspective
Of the entire crypto space how this is great
Well, I mean, from my POV, like I had mentioned
I don't think any end of the spectrum is great
So I don't think having max leverage or zero leverage is ideal
But I think having the opportunity to have some amount of leverage on a digital asset
If it's a store of value or being treated as a store of value is good
And that's essentially the way that you're able to drive additional investment in XYZ
Whatever you're investing in, right?
So take blockchain out of it
I don't think it creates centralization
I mean, it's fundamentally a decentralized protocol, of course
So it's not like it's all funneling in through a bank
It's effectively taking the bank
It's using a bank, a traditional banking process of rehypothecation
But making it decentralized fundamentally
Now we can argue about what amount of leverage is appropriate within that spectrum, right?
And of course, there are going to be winners and losers in terms of the companies you might stake your ETH with
And have your ETH be used for the different companies or blockchains
But at the end of the day, I do think some amount of sensible leverage is important for scale at the end of the day
So I don't know if you guys feel differently
And I agree, I agree with that
But I guess the question for me is, and this is what I always get confused on
Is ETH trying to be sound money? Is it trying to be Bitcoin?
Because if you have technology on your side, that's enough driver to create liquidity flow
If you don't have technology on your side, aka you're advancing the space, advancing yourself, so on and so forth
Then you create these, I don't want to call them gimmicks, per se
But you create these areas to try and draw on liquidity and other methods other than growing yourself
Does that make sense or advancing yourself? I don't know if that makes sense
Well, I mean, there are certain protocols that have a significant demand to be able to process their validations, right?
Not all of them, but there are going to be protocols that legit
Daddy, so that they can do validation of security or other things that are happening with a transaction, right?
To prove that a node is telling the truth when he's placing some sort of call
So that's why they're giving out these points
Is because they want to incentivize people to not go use their coins and trading and whatever
And to actually park it so that it can facilitate their procedures that they need to run
So I think we could probably poke holes in like, okay, are those procedures important?
A, and B, where does it stop, right?
And at a certain point, there's going to be an unhealthy amount of leverage
Just like you saw in the 2008 mortgage crisis where you had an unhealthy amount of leverage, right?
And probably right now, the mortgage prices that nobody's talking about, which is commercial real estate
I don't know if you've seen a lot of these downtown buildings
That was just in Chicago, and probably 95% of these buildings were vacant
I mean, somebody's footing the bill for that
I think the important thing here is some amount of healthy leverage is really what spawns a
You know, it's how you get one plus one equals three in terms of expansion
But yeah, once you get to a certain degree, it's unhealthy
I like how you put that real quick
And what I mean by that is like, you came into the discussion of like, they're trying to incentivize you to park it versus spend it or trade it
And I could see that world for sure
Like, I think that that's definitely, you know, the MO behind the
Again, I don't want to call it gimmicks
I don't know what else to call it
But the ways that they've created this way to kind of push people into buying Ethereum and staking it and holding it, right?
We can call it a model or whatever they want to call it
But I think like when you start getting to that point, you kind of become like Apple, right?
And what I mean by that specifically is you're paying dividends, but your growth potential is very stunted
Because you're telling people to not actively move your product
But more or less just hold on to it for overtime residuals versus actual price action movement
Yeah, I mean if everyone staked then and they didn't move transactions, right?
If there weren't transactions to validate for whatever, then yeah, it would be a house of cards, right?
Because you wouldn't have essentially revenue coming in to pay out your yields, you know
So that's why I think there needs to be some limiting factors around it
Just like you would have in a traditional way
It's supposed to be in a traditional financial market where you have regulations that create rules on how much you can lever up
And you know those sorts of things
And I think that'll be the risky part about this at least at the onset, right?
Because with any new innovation, it's the Wild Wild West
There's not like rules around it
And so people have to fuck around find out and figure out where those thresholds are in terms of risk
But I think the primitive benefit is the ability to drive leverage in the system
And leverage in and of itself is important for scale
Is I guess my proponent statement of it
And it also makes people feel more comfortable when they buy
It goes back to what you were saying
It becomes the house of cards
And that's what I'm saying
If you stake deeds, got a reward, didn't sell that reward and then staked that reward
And you never take profit
You just keep on continually staking this
And then you take what they gave you there and stake that into that
And you take what they gave you there and you stake that into that
It creates a stalemate for price action
And now you've got basically an asset where market makers are not willing to step in because it doesn't move
And because it doesn't move
Now you've got your sell side
Now you're going to start getting unlocks
And you're going to start having people rather than stake
Start selling down the board across all these different platforms
And completely annihilating the main asset by the time they get to it
Totally, yep, absolutely. What's up BSC?
Hey, I really appreciate that
The explanation definitely helped
And just for the record, I think
I agree with you with most of that in the sense that there are an awful lot of users and people who will utilize this and see benefit in it
Because it is a mechanism they used to in TransFi
I don't see the reason why we should compromise the entire economic model of this
Just because a bunch of TransFi folks find it reasonable and they're used to using it
My problem is more to do with the
Well, my view is that this has compromised the economic setup here of ETH
The initial idea was to have a staking model so that you can reduce the circulating supply of ETH
Lock it up to help validate the network
And therefore get rewarded for doing so
Whereas in proof of work you're using large amounts of capital
Risking it in terms of buying miners to support the network and getting rewarded back in the PTC
But if now you're telling me I can lock up my ETH in a staking pool
And re-hypothecate it back out in a lending mechanism all over again
Given long enough you're essentially just doubling the supply
Assuming people believe that the stake ETH is as good as the actual ETH
It's just replicating that whole mechanism again
I think it's setting a very dangerous precedent
That's more of my concern
Not the fact that it's usable and people are going to use it
I'm pretty sure a lot of people are
Especially when incentives are aligned this way with lending and borrowing and it seems very appeasable
I just think it introduces a very dangerous narrative and some very very destructive economic forces
That were supposed to be left to the traditional transfi central banking model
But do you think though the rewards and the liquidation of those back to ETH
And I'm not talking about unstaking
I'm talking about the points that you would get
So as an example the blur points if you want to use that analogy
Don't you think that would put offsetting pressure against supply
Because people would want to transition those rewards back over to Ethereum and then restake or whatever
I think that's, we probably never know until that plays out
But blur and the whole Uniswap mechanism I think is a good observation
You probably might see some of that
I just think it's not great to make it okay to have Ethereum
Get issued back to Ethereum again that you can spend back into the market as if it's good as Ethereum
And set a narrative in which people believe that it's good as the actual thing
I think that is my biggest issue here
Today it's one staking protocol
Tomorrow you'll be locking up one ETH and having 10 different hypotheses of it
That I think that narrative is just nuts
As somebody that's I want to say like a toddler in crypto
I mean I've been, this is my first full cycle guys
Thanks prophets, I appreciate that
If I stake ETH, I want to get ETH back
And you guys, you guys are big brains
And I'm sure you're, this sounds like advanced level shit
But what would you guys recommend for normies
Would you guys recommend to get into something like this
I mean I personally hear, like I said
If I stake ETH, I want to get ETH back
No, I'm just saying dive in
Like I was planning on just farming the stage
But what's that saying about looking at gift tours in the mouth
Like this whole protocol is gonna unlock 55
I'm not looking at Google but 55 to like 60 billion dollars of liquidity
And you guys are like wondering like making up scenarios
But let's see what happens first
So like let's be glad or happy that this tech is like being pushed forward
Instead of constantly trying to drag down ETH for like every move that it makes
You know, 60 billion dollars is about to unlock of liquidity
Which is basically all the stake ETH
So let's just like give it a chance
Maybe you can stake twice
Maybe you can expand on DeFi
Like let's just, let's just fucking play the game
No, I think you absolutely can
I mean, I'm fundamentally a proponent of it to a certain degree
I just think what the market's gonna have to find out
Just like price, you know, price discovery on a chart, right?
Is what's that upper limit of leverage that's appropriate
And there are definitely gonna be some people that get wrecked
So if you if anyone's like interested in learning about it
I would start like first off just researching it
And then start small and just learn how it works
Maybe don't do the re-hypothecation
Just do a baseline stake, you know, with Lido or something like that
One of the big name players
And, you know, set it and forget it
And, you know, just kind of build into a little bit
But I think I do think the market needs it fundamentally
And I do think it's probably one of the bigger things that Ethereum has seen this year
It's gonna help build liquidity for sure
Like, I'm not saying that at all
Like, I guess the bigger question is
And to your point Z, like, you're saying 60 billion is gonna get unlocked
Who says that's gonna roll back in?
That's kind of the other question, too
There's a role in the other protocols that have been moving, so on and so forth
So then you could see downfall
But I think, like, at the end of the day, it's not about
Let's see what can happen
You can see what can happen
It's literally the U.S. economy, 2.0, that's starting to unravel here
And, you know, that's not
We've already seen what happens with that
Your dollar value continues to get deteriorated, deteriorated, deteriorated
You don't want that scenario
I'm not saying that's gonna happen with ETH
I'm just saying, like, at this protocol rollout
Like, what we're seeing with iGone, like, what we're seeing across the board
I mean, we saw Celsius and a lot of these other ones fall in the same scenario last cycle
If they continue down the route that they're heading, it could be really bad
I do think, though, that we should mention that unlike the U.S., like, fiat system
It's like inception, you know, like, we're basically staking a few times
Like, there's a few dreams that we're going into
But with ETH, like, you always have that baseline staked ETH
Like, that doesn't go anywhere, so people might get wrecked
But it's not like the base layer ETH is gonna disappear from the chain or, like, from the ecosystem
So there is, like, a baseline, like, safety net for stakers
Not the people playing with the wrapped ETH
Yeah, no, I agree, I agree
And then in addition to that, too, the other thing that I was kind of stating is, like
You don't really know what Coinbase is doing with the ETH, either
They're giving you CEAT, right?
And then they get to keep your ETH
And you don't know, are they selling it? Are they staking it?
Like, what are they doing with your CEAT?
Oh, they're playing market maker, bro, and that's exactly what they're doing
They're holding their own bag and pricing their marketplace
They're trying to be the liquidity provider
That's why they're giving you the ability to stake there
Is because they're gonna play with your ETH and be able to make money off of it while you make, you know, 3% off of them
They're gonna take your money and they're gonna make money off your money
And this scenario is you take your money and you make money off your money
That's the main difference
Yeah, yeah, and then, well, I mean, kind of, kind of
I still think that they'll make more, right, as they exchange off your baseline ETH
But ultimately, when I think about this whole thing as a whole
It just reminds me of banks, right?
CEX is reminding me of banks at this point
In the way that they're doing this
And that's kind of like the other scenario that I'm looking at, too
Is they're taking your money and your account and playing with it as long as it's in there
And then when you come back to claim it, it's there for you to claim
But, you know, over that bit of time, the money that they've made off of that, you've got nothing for it
That was always the reason for the merch, though
Ethereum wanted to bring in those huge institutional, like, whales into the system
And this was a way to drag them in
So it's not really unexpected to see this happening already
Yeah, I mean, the black rocks of the world are gonna demand this sort of structure
Like, this is how banks make money
So this is gonna be native to them
Where I should be able to have my money work for me
And this is why I'm bullish on Ethereum Classic, baby
Gigabrained is motherfucker
It's getting real, real gigabrained out up in here
Like, comment, repost, a shout out to Bskeet
Bskeet to OG, been around for a minute
You just won some ETH, fam!
Just for retweeting this space, you're the fucking man, thank you
Again, I sound like Squidward
We're gonna get through this
I got a couple of amazing people here
But I do have somebody that I want to introduce you guys to
That I think is not only really smart
But can add a lot of alpha
And really from his point of view
He's not super in crypto Twitter the way we are
But he's absolutely a fucking degenerate
Bakes fucking bots probably
It's actually weird, we've known people in similar networks for years
But I don't think me and him ever really connected
And then, recently actually, a friend of like eight years
He was like, yo, you know profits?
And the guy right here, Cam, was like, yeah
She was fucking legend in crypto
And then my eight year friend is like, what are you doing in web 3?
But yeah, no, I thought it was awesome to get Cam here
Cam, thank you for being here
I know you're a little familiar in some spaces
I think a lot of people in here can learn from you
I would love, love, love to hear a little intro
About who you are, what you do
And a little bit of your crypto background
Yeah, just a little bit about me
I've been in crypto since like 2017
Just like how profit was saying
We actually, you know, we know a lot of familiar people
Thank you, you know, just for having me here
I've actually been listening to this show like
Since, you know, I started being a full-time DJ in 2021
So it was pretty cool to be up here, you know
Kind of communicating and talking, man
So shout out to you for sure
But yeah, I go by Cam next level
I promise you guys I'm gonna work on my Twitter a little bit more
I'm like the IRL guy for crypto
A lot of people know me, you know, just in just like
The entrepreneurial space in general
So, you know, I really like the onboard people
I feel like that's like my calling in this space
The onboard like normies in the crypto
Because a lot of people, you know, they'd be on spaces like this
And it might kind of scare them away
So when it comes to what I do, I like to just kind of like
Give it to them simple, make it easier for people
And then, you know, of course, as you go down the rabbit hole
You can get, you know, more familiar with things that's going on
So, you know, what I do is really just, you know
It's kind of break things down
I wrote an e-book back in 2021
Because that's when Web 3 was really, you know
All the normies went to onboard into Web 3
And a lot of people are getting scammed and wrecked
So, you know, I took it on myself because I love helping people
I took it on myself to write a book
So I wrote a book, you know, just kind of onboarding people about, you know
When it comes to making their wallets
And just kind of, you know, just like simple stuff or whatnot
Yeah, I've been in the NFT space like full time since 2021
Because I already know you were into entrepreneurship, crypto, all that
What got you into specifically the NFTs?
Really, it was Gary Vee, to be honest
I don't know, maybe a lot of
Hell yeah, exactly what it was
Because, you know, of course, I've been an entrepreneur
Full time entrepreneur since 2018
And, you know, just day trading and crypto and shit
But, you know, once I seen Gary Vee pivot
It kind of, you know, I was just into Gary Vee
Just in the morning doing my morning routine or whatnot
And, you know, I heard him, I heard him talk about crypto
But NFTs, I'm like, what the hell is this?
He kept on, he just really pivoted
So that's what really, Gary Vee really got me onboarded
And then once I went down the rabbit hole
And just started DJing into shit
So I got, you know, smarter and smarter
Got wrecked a couple of times, of course
So now, you know, I got into the space where I can learn a lot more
So, you know, I'm excited about this space
And everything that's going on right now, for sure
So, thank you for that, by the way, guys
Go ahead and shoot him a follow
Let's help his Twitter out
Yeah, put up on my Twitter, guys
Flipping, I've been slipping
He's IRL, he's really outside, go look him up
I speak at a lot of events
I'm on Instagram, that's where I mainly, you know, be at
So I speak at a lot of crypto events
And just kind of onboarding people and whatnot
But y'all been working on my Twitter, guys, my fault
No, it's all good, it's all good
I will say, in your perspective
And I'm so excited to ask this question
Because I don't think people realize how really important it is
To have perspectives outside of crypto Twitter
Like, I got to fall in and ask and hit up
I'll hit up by IRL friends
I'm like, what do you think of this?
And then, you know, because it sounds crazy
But you get stuck in this little vortex
And I feel like Cam is on point with the
I feel like you got your figure on the post
But you're not on Twitter 12 hours a day
So can you share with the people that it is possible
To make plays, to get in on the opportunities
Without being a super slave to Twitter
And thinking you got to go into 17,000 chats and everything
I feel like, you know, when it comes to
Of course, it is important
You know, even outside of Twitter
I do have, like, still like a crypto community, should I say
So the community is always important, for sure
So you can have people to, you know, learn from
And piggyback off of or whatnot like that
So, you know, when it comes to just IRL
I see you just had an event yesterday
Shouts out to you for doing that
I definitely want to pull up on it
How was it? I wanted to ask you that, too
First, I've done happy hours before
But the first time at this specific location
So it was good, I appreciate that
Because a lot of people hear crypto
They think shit is a scam
And people out there scamming people and things like that
So I like to be that person that actually
Doesn't mind showing their face
And going to different events and meeting people
I see you do the same thing
So shouts out to you for that
But yeah, just really just having a community
And just showing up every day
So not 50 communities, but stick to one, you're saying
Or at least maybe one or two, a few
Because I was that guy when I first started DJing
And to get hooked into communities, to be honest
And a lot of times when you get hooked into telegrams
That shit is just too much sometimes
So it's like, you find a community
That you really rock with
And I was the guy to get stuck and get fucking wrecked
Because I would be so deep into communities
To the point where I find an NFT
Or a fucking coin or something like that
And just being a telegram
And you know how that goes
And then at the end of the day
Your exit is becoming a community
Like you just stuck being a community member
So I was like, you know what?
I'm going to find the right community
And really just rock out like that for sure
I know a lot of people went through that story
Man, these are the only ones left with the coins
Man, that shit be fucked up
I see you run your own community
And things of that nature
I can respect anybody that has
Look for them for information
Or whatever the case may be
You know, weird services and products
That shouldn't be on the market
But I've been watching you for a while
And I definitely see that
You've got a solid group of people that
And similar to here at the exposed community
Like I'm all about giving value
I love, love, love to give it
And I know the same thing is for you
And a lot of our other friends
Have you ever thought about
And I really want the advice part of this
But have you ever thought about launching an NFT
Whether yes or whether no
Yeah, 100% I have for sure
2021 is something I was working on
Really, you know, when it comes to just coding
Because I went to college for actually
I went to college for electrical engineering
But, you know, I started working on it
That's something that I definitely wanted to do
I wanted to put, you know
Of course I wanted to get the right team
But I've never actually dug deep into it
Hold on, I'm going to cut you off again
So you didn't rush to do it
Yeah, that's another thing
I want to do it the right way
Making sure that the community gets support
I thought about some type of educational service
Connecting, you know, NFTs
I thought of all different things
But I wanted to make sure it makes sense
Because I'm not one of the people
To just launch something and fucking write off
So, you know, I want to make sure it makes sense
So when the time is there
I definitely will for sure
I just have to make sure that everybody has to benefit
You got a question or something?
I love when the hands just sit there to interrupt me
That's what they're there for
That's what we used them for
I'm going to fuck with you
Give me your top five projects, Cam
Shitcoins, NFTs, and if they are shitcoins, shitcoin plays
Please make that disclaimer
I'm not going to give them no top
You don't have to give them
I'm saying your top five, ten
You're on your radar right this second
I'm saying if they happen to be coins
Then, yeah, just disclaim that
So, yeah, definitely Pudgy Penguin, of course
You know, that's one of the things that I love
What Luca is doing over there
So, for sure, Pudgy Penguins
Of course, you know, I got a shout out to Apes
If it wasn't for the Apes
You know, a lot of this stuff wasn't going on right now
So, I got a shout out to Apes just for being an OG
So, I'm still waiting on to see what's going on with that
I feel like a lot of people don't know about certain things
What I've been doing lately is kind of onboarding people
When it comes to day trading meme coins
That's some alpha right now
I don't know if you guys can see my last post
Unibot is when it comes to trading shitcoins and shit like that
I feel like a lot of people get left behind
And using certain bots is something that I always
I wanted to do and I finally got into it
And I've been killing the game
I know you see me on Instagram
I've literally been killing it
Like I said, I like to show people
That you don't need a lot of money to get into crypto
So, I was able to turn like last January
Turned $50 into a couple thousand dollars
Just because you were able to get like
I should get front ran a lot trading on E
But once I started using this bot
So, for some alpha for sure
But Unibot is a game changer
When it comes to copy trading and things like that
People, you can copy trade people also
I don't personally copy trade people
But a lot of people copy trade me
So, you know, when it comes to
Just doing different things on Solana
I've been trading Solana some shit coins lately
Shouts out to the Solana community too
I was able to, you know, see some people out there
I went to Solana Summerfest
But yeah, like trading shit coins on Solana
I don't want to give out any like shit coins
I haven't heard many people
Successfully traded Solana shitters right now
Nashville, I was able to meet Jakey
And so, shouts out to Jakey and Eddie
I know they're big on used car right now
So I'm definitely holding some used car
Shouts out to the used car community
I'm holding that right now
I got into that not too much
You think the community is going to sustain?
I'm holding Bunk for sure
So, Bunk is definitely one
I've been holding since last year
I've been doing great with that
And that's one of my top performing
So, GME is going crazy right now
They all hit these multi-million caps
I'm like, I don't want to touch it
It dropped last Saturday I think
I've seen it under a million
But it was like one of those nights
Yeah, I've seen it under a million
I was like, guys, this might run
This might run right here
So I didn't really too much pay attention
I was thinking I was traveling or something
And once I got back to my computer
But shout out to the GME community also
I appreciate your time, Cam, for real
From an entrepreneur standpoint
Any advice you can give to the people
From them investing long-term
They work their jobs and stuff
And their respectable jobs
Anything you want to leave the people with?
Don't be afraid to put yourself out there for sure
Network with the right people
Of course, entrepreneurship
And everything that we do
You run across those people
So connect with the right people
I really just continue to learn
Because I'm always learning
It's always the next level
I'm never just stationary
I always like to push myself
You know, really just get out
Yeah, just get uncomfortable for sure
And just meet the right people
That's one of the right things
Just being connected with the right people
So that's one of the most important things I feel like
You know, getting around the right people
So I'm excited to come to Miami
I'm going to come see you
We're going to put some things together for sure
The boy right here, William, is also in Vegas
Yeah, Will right here, the co-host
He's not as cocky as I am for him
But he's on point with the markets
Everybody shoot him a swallow
You can kick it, obviously
Chime in, whatever you want
I know it gets geeky-brained up in this motherfucker
I kind of wanted to ask him
Because when he started talking about unibot and stuff like that
I was going to ask if he ever did
Like sneaker bots or drop bots
When I first started telling my wife about crypto
None of it made any sense until
I saw her going for these dresses that she buys my daughter
Because there's a lady that makes one-offs
Well, you have to have them loaded in your cart
And you have to hit it right when they drop
Is that what you're saying?
You know, sometimes, like
We don't know how to tell people shit
And then they give us the own way
To me, I've explained it to a lot of people
You ever try to buy some shit
The day it was coming out?
The skeleton from Home Depot
You just get a fungible token
Called whatever the fuck you
That you wanted right then, you know
I was just wondering, man
Because most people use bots in the crypto space
You ever do the sneaker bots, Cam?
Yeah, to answer this question
Nah, nah, I know about them
I never really got into it
Really doing the same thing that we're kind of doing
But I never got into it for sure
If you trade shitcoins on Solana
Do they have launch candle protection?
I haven't messed with bots in a long time
But when we used to write them
They started coming out with it
Where they would write in code
Bought the launch candles
On tokens whenever they came out
I'm pretty sure they do have some
They haven't had any type of like
Because they literally just dropped
So it's not really like any type of launch
They're working on a sniping tour right now
But I'm pretty sure it's something that you can
And the team is very cool
So you can go into the chat
And really just connect with them
Did you want to add anything?
You sound like you went to sleep
At an abnormal hour last night
Ah, I knew Tarly was in a cup I made
She sounded like Squidward
Reaking of irresponsibility in here
She should get that mucus out of her
I was reading my Bible by 1130
I have a strong immune system
No, I'm really grateful for that
Apparently it doesn't work again
I've turned into an actual demon
Anyway, you guys had an amazing combo
I want to go back to it real fast
I do want to kind of mention that
There's always going to be new things
Or not even that it's new
We just determined this earlier
Because we need to make money
How do we protect ourselves, Will?
Take the alpha for what it is
But don't marry these things
I would say if you're going to degen
Okay, this is what this is
Like you definitely want to trade plan
And I'm not telling you what to do
This is not financial advice
No, I'll put it like this
And this is how I always play it
Like if I'm not willing to write it to zero
Then I'm not willing to put it in
And you know, it's the same thing
You know, if you're going to go hang out with some girl
You know, and you're going to do some things
I knew I was about to say
That's great marriage advice
Will you be busy with it?
You got to expect the consequences
That can come along with that
So, you know, these shitcoins are the same thing
You better be ready to expect the consequences
If you end up in a bad situation
Shitcoins are like loose women
I'm not saying that at all
Take care of your responsibilities
I was just trying to put it in terms that I understood
You got to put it in analogies that your brain can contextualize
You got to step up to the plate if you're willing to drive in
Yeah, so the biggest point here though is
I've literally gotten wrecked on some of these
I'm either coming out with all my money
Or more money than what I came in with
I'm riding with you all the way
Everybody else can sit there and jeet their way out of every coin that they come across
I'm not willing to do that
What I put in there, I'm comfortable with losing
And I always tell people this
A lot of people don't understand the concept
This is why you get people in the chat
They're just wah wah wah and crying
Because they put in their whole bag at the top
It's like, baby, you should have gave me all your money
I would have got your mom out of jail
I would have done all these things for you
So in my brain, Will, I was looking at this 404 stuff
And it kind of reminded me on how
Corporations that call for, that can cash call people
That's kind of what it looks like
You could literally construct a fractionalized corporation
And then if you cash call someone
You can literally buy them out without their choice
But it's also kind of set up a bit like the way
Revocable trusts work, too
I think it's a bit easier to add and subtract folks on a 404
Than it would be on a revocable trust
I wouldn't do it as fast as a trust lawyer
I'd have to call somebody on a 404
I could just call myself and be like, oh, yeah, you know, fuck him
And then, you know, obviously, negatively
But it really, really looked like
The way large corporations would start slicing up
It looks like it'd be really good for us
If we understood it, but it would be better for large companies
Because that's what the design looks like
Well, that's what Robinhood is, right
Robinhood is fractionalized stocks
You can get the whole stock or you can get part of it
I think the biggest thing here, though, is that
We'll go into shitcoining specifically, right?
Let's say I'm only willing to commit $400 completely to zero
Let's say I'm only willing to commit that much
I'll come in with a little bit up front
Especially after it's pumped
And I'll bring in a little more
And if it doesn't dump, I'm just not buying more
Like, I'll write out what I have in there
A lot of people, they want to go all in
Because they see the green candle
They want to jump on it and they want to go
These things run up and down hard
They're going to wreck you
So if you're not willing or able to buy yourself down
Actually, we'll talk about it this Sunday
Because that is a strategy that works
If you are in a bad position
As long as it doesn't rug, right?
If it rugs, it's different
If it rugs, you're screwed
But you can buy yourself out of a position
It's a hard thing to understand
And this is why you DCA down
And you allowed us in to run
And you can get out at half the price of where bells can
Hey, Will, you seen the Dewey Cox story walk hard?
Just like he did to his wife
When he tried to tell her
That he's going to make it big
He said, I'm going to walk
I think just a lot of people have a problem with
Creating a strategy when going into different things
It's a lot different for a regular coin
You don't want none of this, Kenny
It'll make all your small bags big bags
Think I want some of these shitcoins
Bro, it sounds as easy as DCA
If it dumps, like just Will said
And you need a lot less, too
I was in a position earlier today
I didn't think it was a top
But I was obviously wrong
And I bought in at like, I think
Roughly around like 20 mil or something like that
I came in with like, literally 5% of what I came in with
And then rode it back up halfway and got out
Like, it's not hard to do
It's really, like, let these things get
Like, if they get obliterated
You can, you can triple down on your position
Especially if you're near the floor
And the first pump you get out
Just take it as exit liquidity
Like, if you think it's not going anywhere, right?
Like, there's always ways to strategize on getting out of these things
But you can't do it if you threw in your whole bag
That's always the problem
Everybody wants to get rich now
They think if I don't go in all here
That I'm not gonna be able to get that Shiba move
And you're gonna turn $200 to 20 bucks real quick, right?
And then you're not hanging out with money to get it out
Because gas is gonna cost you more
A, legitimately, I have, like, some bots that I run just for the IRS
If they ever want to audit me
I do 15, over 15,000 transactions a year
They just, like, they, most of the time they'll make, like, 10 bucks for the whole year
But they'll do $100,000 a month worth of volume, right?
It's just to piss somebody
If somebody wants to audit me, I'm gonna make their job hard, some asshole
But these bots literally do what you're saying, like, it puts in X amount
And then if the price drops on mine, I think it's 2%, then I buy a bit larger volume
And I have a mathematical equation for the amount of volume I buy down
And then it auto-sells when it comes up a certain percentage
And then my volume outpaces the percentage decrease in value
Like, if you guys, like, really boring shit like that
Like, I can dig that up and, like, write that down
Or I can just shoot it to you and you can do it, Will
Because, like, trading is what you do for a living
It's just shitty stuff to make the IRS have to work harder
Like, if you want to audit me, bro, come get these bags
But you're gonna do it a thread at a fucking time
Yeah, there's market makers even for these shitcoins
I don't think a lot of you guys realize that
Like, I've seen a ton of shitcoins where you got, like, Wintermute
And other market makers actually playing in them
And you guys can look at that name, by the way
That's a real market maker in the crypto space
But I would say, like, when you're looking at these coins
What they'll do is they do a bit of a manipulation, right?
So they'll buy up to, like, I don't know, they'll take it from, like, 1 mil to, like, we'll say 35 or 40
And then they'll stop, they'll stop, they'll stop buying, right?
At least they'll stop buying on the side that will push price up
They'll just, they'll start buying you down
So they'll start allowing price to drop and they'll stop creating support
Which means they'll stop pushing against the buy, against the sell pressure
And they'll actually just buy into the sell pressure and allow it to keep leveraging down
Leveraging down, leveraging down, leveraging down
And they do this as a form of manipulation, slash, getting their money back, right?
Or position back, before they can move a leg up
Like, a lot of people don't understand, like, you can only buy up so far as a market maker
Or at least allow other people to buy up your tokens so far
And then at that point, guess what? You got no more tokens
So you can't sell them anymore
So because you can't sell them anymore, nobody can buy them anymore
So what happens? Price has to come back to a certain range
Which is where the market maker is buying down and getting their bag bigger again
And then they can push price back up again and reverse the move
A lot of people don't understand, like, this...
It's ebbs and flows, guys, it's ebbs and flows, right?
It goes up, then it comes down, then it goes up, then it comes down
They have to even out their bags, they're not all in on these
They have to have an equal amount of coin to dollar
And when it's over-leveraged to one side or the other, they have to de-leverage one side
To be able to re-leverage the other
This is the same thing in the stock market
And this is why, like, the space works out really well for me
Because I came from the stock market
So I understand the process, and it's the same thing with stocks
And this is why stocks go vertical
And then they start to find a leverage or a position
And then they start to stay there and stagnate sideways
And that's just the market maker re-positioning or reallocating for their new position
Before they can leg-hire again
Like, when you buy and sell and stuff, like, I watch DEX Tools
But something that's kind of useful for you guys, too
Because I was in one where people were shit-coining the other day
You might have saw me post at one o'clock in the morning
You know, I'm an adult, it's fine
But, like, one thing I told them in the group is I said
Please don't buy more than .475 ETH at a time if you're gonna buy
Because you're getting sandwich
And then they're like, what is sandwich?
And I was like, well, this guy, his name is Jared in real life
He's running a sandwich bot
It's a two account spaced out from this
But he's basically running a bot where
The second you go to buy or sell over a certain amount
Like, if you go to sell, he blocks you in with two transactions
And makes your transaction significantly less value
And so there was two people doing it
Well, two people that I saw
And I know both of them, and that's the thing, guys
Once you see who it is, you can start walking these
You can start going through Etherscan
You can start walking these back and figuring out
Who folk are in real life based on the shit they say
Like, when you go into that and see who's trading
Oh, you got Pulse Chain here?
Man, somebody I know has been talking a lot about Pulse Chain
Let me walk this shit back
Like, me, I don't play these games
I'll walk it back to your bank account
Obviously using different tools
But that's an asshole move
But that's not only if something bad happens, right?
You can walk back to people's Twitter identities, right?
Because people are dumb enough to put their addresses in some places
And so some people are so fucking lazy
That they don't want to make one transactional change
And they run the MEB bot off their main account
Just so if you know if you're going to put some money in
Keep it below a certain amount
Like, take these precautions, you know
And just like Will says, like, if you don't know the rules of the game
Because the people who play are not playing with the same tools as you
Just like, you can't come in here and start talking about unibot
Hell, I never even heard of that one
I mean, I know how bots work, but I never heard of that
And so, you know, that's another thing we sit back and go
Aw, man, I'm going to go ahead and peel for a minute
And see, like, I'm just going to see what's happening over here before
Because if you're a casual, motherfuckers will expose you quick
And that's not the type of Web 3 exposed that you want to be
So just, you know, I mean, this is why we have such a quality group here
Because people will fast track you the fuck out of stupidity with a quickness
You said 30 minutes, two hours ago
I knew he was here farming
He's farming like he's farming all those D-pen devices
I cannot wait to eat Denver
Well, let me watch what I say
I definitely want a snowboard
Um, man, everybody, thank you for tuning in to the show today
The show, as you know it, will never be the same
Including multiple things I'm having, like, planned for the future
Not really specifically this show
It's more of the other things I'm creating and curating right now
I've been really, I don't know, looking to do this for so long
And, I mean, I know why I didn't
I was too busy, there was other things I was working on
So now's the time, I got the people in place, fucking lit
All types of things are going to be occurring
A lot of pillars will be attacked
A lot of you guys in Web 3
Just in general, I think a lot of people do this
We silo ourselves by sticking to just one thing
And this is going to be an anything
You can literally apply this to anything, anything, okay?
And I've always been an individual, always have been an individual
That is constantly changing, meaning, like, a butterfly, right?
And I'm not saying I've always been marketing
Somebody said, what do you do? Marketing
I love that conversation, that's what I always will be
And if it's not obvious, okay, this is a perfect example of marketing, okay?
I go about the show and combos
In a way where not only I get to learn, everybody else gets to learn
Anyway, what I'm getting at is, I will never be the expert
I will never, ever be the expert
If I'm ever the only or the expert, I'm doing you guys a disjustice
I'm always going to attract bigger and better
That's just how it's always been
I just learned this a long, long time ago
I became a self-employed and entrepreneur at 19 years old
I'm 30 years old, I'm about to be 31 years old
And what am I trying to say?
I'm not trying to, like, why? Who gives a fuck profit?
A lot of y'all listening to people and hosts, they don't even know where their next check is coming from
They don't have assets, they don't own shit
So it's like, when I come in and I'm here being as transparent as possible
Like, yo, I'm not the end-all be-all
I will show you the person I look up to, the people I look up to, the information I go through
I love to say that I stand on the shoulders of giants
Again, I will never, ever try to be the thing
None of that, never, never, never, never
I will bring all the experts in the world before I ever try to come off as one or any of that
And a lot of you guys really just suck at curating content
You don't even know what the fuck to talk about
It just is what it is, I don't make the fucking rules
So, stay tuned, get in the Discord, link in bio
There's gonna be some giveaways happening in the Discord specifically
Invite giveaways, I'm having some fun
I'm gonna lock the Discord down soon, especially as prices start getting crazy
Because y'all not all getting this free alpha for nothing
We need some participation, and you guys have been killing it in there
Lots of shit going on, lots of fun
There's channels, there's different channels
Hey, can you get me a VC in there with like a little lo-fi boss over there?
You want a VC? I'll put it in there for you
I was in there the other day looking for one
I actually need to put a price chart, too
Maybe Will can do that, help me
This motherfucker saw, he's not allowed to talk anymore today
You stop asking for shit, you needy little twat
No, all of you gonna be up in there, man
Me and Argy gonna be in there cooking
Anyway, yeah, link in bio
Yeah, so anyway, I'll see you guys soon
Have a great weekend, be safe, drink water, text the lights, I know you love them
Look out for some weekend spaces
Look out for that, but yeah
Oh, this a nice little heart
Well, I'll be back to the trading screen
Thank you again for all the participation
It means the most to me, guys, you have no idea
Thank you, thank you, thank you
And again, we're live every day, Monday through Friday
Five o'clock Eastern right here on Spaces
Right here on Twitter Spaces
And look out for the rest of the cool things coming
Thank you all, have a good evening