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Wonky Weekly Alpha
Recorded: May 23, 2025 Duration: 1:25:31Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the current trends in the market, including Twitter's ongoing issues, the potential for new project launches, and the bullish sentiment surrounding Bitcoin's price. The conversation also highlighted the innovative nature of NFTs and their role in community engagement, signaling a shift towards sustainable investment strategies in the crypto space.
Full Transcription
Thank you. you top of the morning to you i can't even say it man i'm trying to be british and i can't do it
oh damn morning man how you doing oh yeah it is morning for you isn't it
it's like 9 50 or something right yes sir man i know i actually hate this time zone so much
i'm so excited to be out on the east coast here in a few months yeah i was gonna say when's the
official move again uh like late august
oh it's exciting it's coming up well i mean and you'll still have pretty decent weather there
at least for you know a month or two to be able to go out like if you want to make it to the beach
do all that fun stuff for sure yeah for sure yeah no i'm uh yeah one of the things i'm most excited
for though is getting out of this fucking mountain time zone man i like it's it's been the vein of my existence
especially in the market world yeah i was gonna say in the market world it's a little bit different
like it's the market time zone is really weird being over here i'll admit that like you know
for brits i don't know how they get used to it like everything just starts so freaking late
yeah i mean it's better than like 3 45 in the morning
when half the time i'm not even going to bed by then uh so yeah yeah i'm excited i'm excited
for the switch up also i don't know if it's just my Twitter, bro, but this is bugging.
None of my chats have updated in 17 hours.
No, no, no.
It's not just your Twitter.
If you've been on there for a minute, they've been talking about how there's an issue right now across the board with Twitter, something with like everything from their authentication Oracle
for different apps that utilize Twitter to be able to log in.
Like if you've got to do a new login, for instance, I wanted to log in to Fantasy Top
yesterday on my phone to be able to to be able to check.
Like, you know, I that they distributed Hero Rewards,
so I was like, okay, that's cool.
Let me go ahead and check it out.
It logged on using...
All those are web-based apps,
so whenever you log on them,
they typically just cut out the browser portion
and they just show you whatever the app is.
Well, whenever this did the authentication,
it just logged me straight onto twitter on the fantasy top app um so it's there there are things like that happening as
far as a bunch of the notifications and stuff mine were bugging out they're not as much right now
but there are a lot of things that are still like that i think you know some people haven't fixed
some don't but i i'm not sure exactly what the issue is with the servers.
But yeah, something's bugging out across the board.
Okay, heard.
Yeah, I haven't been active really much on Twitter this past week.
It's been a busy week for me in real life.
But I'm good to know it's not just me because I was like, what's going on?
Yeah, I know.
I mean, i feel you man
that's why i couldn't do a space last week because i was just i always stress myself out the day
before big trips and did i really end up doing anything during the time that i could have hosted
a space or could have done other things that friday no i really didn't sadly like i i pack
my best whenever it's crunch time.
So I ended up cramming in everything Saturday anyway.
But actually, you know, I take that back.
I did have a lot of random, you know, random things to do around the city that I knocked out that I needed to do.
But as far as the packing was concerned, that waited until Saturday.
but as far as the packing was concerned, that waited until Saturday,
even right now,
I got back to my hotel room a bit ago because I did a lot of,
I've already done like 20,000 steps a day walking around. Um,
and of course, like my glass ankles,
I was walking through the lawn in the Kensington Gardens area, and there was a hole with long grass, just small enough that a foot could fit in it, that I stepped in and my ankle rolled over and I just ate grass.
I was walking through the lawn in the Kensington gardens area.
Not the gopher holes, dude. You didn't get got by one of the gopher holes did you i might have i mean if there are gopher holes out there it might have been what got me and it
it was it hurt so and the worst part was it was on my right ankle and i had already sprained my
left ankle in cambridge a few days ago so i was like kind of double lipping around, but you know, it is what it is.
Well, other than your ankles being shadowed, how's your UK trip been?
Oh, it's been good, man. Like the weather's been perfect.
Took me a minute to realize why everything is expensive here.
Because at first I thought all the prices were pretty much the same.
You know, they look pretty much the same and because number
wise they are but then it takes a second you realize oh wait like the pound is 33 percent
more than the dollar so like a lot of the things are the same equivalent from a number perspective
as far as like you'd see it a big uh uh, a big U S city, but yeah,
just a little bit more overall from, you know,
whenever you do the conversion back. Uh, so that's been good.
I hate the bottle caps, but apparently they're like that in all of Europe.
um they're freaking annoying as hell like the bottle caps don't come off
Um, they're freaking noise. Hell, like the bottle caps don't come off.
well you can rip them off but then you have this like hanging sheet of or hanging piece of plastic
and then closing it back is just annoying um
i mean it's a small complaint but as i'm sitting here drinking from a water bottle, it's relevant.
The conference itself is really cool.
Like, they had a sick location, and I think two days was a perfect amount of time to go to it,
so I'm really grateful that I accidentally took the wrong train the first day, and I ended up in Cambridge.
day and I ended up in Cambridge. Beautiful, beautiful small town. The worst day that I've
Beautiful, beautiful small town.
had so far, and I don't want to call it the worst day. It's not been a bad day, but it's been today
because I decided I wanted to check off all the touristy things like see Big Ben and, you know,
go to the Buckingham Palace and all these other things. Dude, the number of tourists at these places.
It's just, it doesn't feel like you're kind of immersed in the culture.
You're just taken outside of that,
and you're in this horde of other tourists that just are clueless
versus kind of just walking the streets of the other areas of the city
that aren't really geared toward tourists, but are just, you might stumble across a lively pub, a cool restaurant tucked away with a cobblestone street on the outside and cool little tables that might like, you know, there are a lot of things like that that I think are just tucked away kind of
in the inner streets in different neighborhoods that if you just seek out the
touristy things,
you're really taken away from kind of what the real culture of the area is.
So I checked off a lot of those things, but yeah, it's,
there's enough. Yeah. That's why when I like to travel, of those things, but yeah, it's, it was enough.
Yeah. That's why when I like to travel, I like to, uh,
hit up buddies that I have locally. And like when I'm going to Japan later this year, uh,
one of my buddies actually moved back for a year, um, just now. So he, uh,
he offered himself up to be like a a almost like a local tour guide so
you know i'll rock with him most of my trip and you know skip all the uh major touristy
stuff like that and you know go do all the cool shit
nice man yeah no i first day i saw uh Altcoin Sherpa, Macro, CRG. They were cool. I mean, I've hung out with Sherpa multiple times, never got the chance to meet Macro before, but good dude.
um so good people there uh like yeah again the conference the cool thing that they do with their
conferences it's really small versus when i say small it's more intimate and community-based
versus going to like a token 2049 or the bitcoin conference where you go to those and there are just so many people from so many different niches.
It's almost, I don't think even worth it to go to the conference.
With this one, it kind of is because it's a more tailored experience to the community
and you can actually plug in with people that you know a lot easier.
And it's just really a lot of people hanging out where a lot of the stuff that they have, they've got kind of experiential things outside of the actual sit down presentations geared toward helping people connect.
And they basically did it in a palace on the countryside.
So it was cool.
So, you know so it was cool so
you know that was cool
so I gotta see people a lot
I'm kind of at the point though I'm ready to fly
back but then I'm gonna be in
New York City for the next week so
you know I don't know
how well I'm gonna survive New York
City for a week
I'm not the biggest New York City fan
but we'll see
when is your next trip
coming up
I was actually invited
to go on this
like
electric
mega yacht and uh for like july 4th on the northeast
so i might try to figure out how to how to get there because that is just something you know
i wouldn't want to miss what is an electric mega like tes don't know dude i like like i don't even know
um apparently it's like it's i don't know apparently it's like some all electric yeah it's a
uh mutual it's a family friend of like a really good friend group or like family of mine so uh
my friend's family's friend
and they're doing like some 4th of July
celebration. He just like
sent me over the info the other
day and
invited me to come over.
So, yeah, I might try to figure out how
to do that because it sounds like a lot
of fun.
Yeah. I mean,
why not?
Exactly.
That's exactly what I said.
Why not? I've never been invited to an electric peggy yacht.
Pitcaught might have.
Like, I can see Pitcaught being the type of dude that secures those regularly.
But the rest of us, not quite so much.
Yeah.
So, I mean, yeah.
Other than that, I mean, I got that um my fourth of july time and then uh
the move and i'm trying to go to japan later this year um that's that's really all i got
planned for for the rest of the year trip wise nice i i thought i was gonna go to tokyo later
this year but i don't know anymore like originally there was another conference out there that I
thought I was going to go to I don't know if that is happening or not but I may still do it anyway
so let me know what time you're thinking of going out there might overlap
yeah I was thinking probably uh late late November early December I was probably going to go for like 10 days to two weeks.
Kind of do a little bit of
all of Japan and hit the
mountains too. They get like the best snow
when it comes to snowboarding.
So spend a couple days
out in the mountains snowboarding
and then go to Tokyo, Osaka,
do all that good stuff.
Nice, man. Osaka do all that good stuff nice man yeah I mean that area is always been on my bucket list um pick God welcome up man I want to hear the energy that I have not had the chance to hear yet. The one biggest downfall of me being at this thing yesterday
was the fact I couldn't do a new all-time high waiting space.
Sadly, so I need the energy for a new Bitcoin all-time high
from when it happened and bring it back to the highs.
Give me one minute okay
actually kind of want him to start screaming all the stuff with an audience
i don't think you have a minute pick i think i actually really wanted him to do it in public. I wanted the public to make it more special.
All right.
We can wait a minute.
One second.
Man, dude.
So yeah, I mean, we're sitting at like,
I know Trump announced the tariff stuff earlier, but I think Altcoin Psycho had a tweet that echoed my sentiment, but wrapped out are tariff announcements, especially with countries that we have good relationships with, like the EU.
I think it's a buy-the-dip scenario across the board.
I just don't see how right now from what we've seen with the tariff news,
everything has been rebounding.
There has been so much bullish momentum riding in to BTC.
Heck, look at gold too.
Gold also looks ready for another leg up.
But I think just right now with equities, with Bitcoin, equities are going to pull what they did in COVID.
It's going to be a V back to the highs and higher.
And Bitcoin is going to follow suit.
It's kind of there already,
but I still am a huge believer Bitcoin's going to riff up, um, whenever it really starts getting
going. And I'm talking about making clear separation from the previous all time high
back in that one Oh nine five areas. So, you know, once it starts hitting 120 plus, 120 to 150, I still think alt season really is going to take off.
I read a tweet from CryptoCred I actually don't agree with where he said the difference with this cycle is that all the previous cycles were retail driven.
So this cycle is not retail driven.
It's institutional driven and they don't want to buy anything but Bitcoin.
B.S., dude. B.S. retail driven it's institutional driven and they don't want to buy anything but bitcoin bs dude bs like every single one of these people want to eventually rotate and start
speculating on what is going to be the next legitimate player in the game um are you
ready are you ready baby 110 000 American war in oil-backed U.S. dollars
to run the coin!
Fuck it!
Higher!
Come on, baby!
I'm so goddamn bullish!
I wake up every morning jacked to the fucking tickets!
Higher!
And higher!
And higher!
Higher!
All right, all right, all right. Higher and higher And higher Alright, alright, alright I'm already losing my voice there a little bit
I see why you had to go to the
Cone of silence
I was
I was in the car with some people
And I was like, fuck dude, if I start screaming
And this guy's here, he's gonna lose his fucking mind
Everything's all good with me, bro.
Chilling.
Enjoying the price action.
I'm actually going to St. Pete's tomorrow, dude.
So I'm fucking looking forward to that.
I wish Postcard Inn was open, but it's not.
Just going to go bull for the weekend.
Market's up, dude.
I don't know, man.
I was agreeing with the tariffs up, dude.
I think we're at the point where you can kind of just see it in the price action, right?
Like anytime this orange man opens up his mouth about this stuff, I think the effects on the price action are becoming less and less.
Probably continues that way.
Trends that way.
You know, when bad news is no longer bad for the price, usually a good sign. section are becoming less and less probably continues that way, trends that way.
You know, when bad news is no longer bad for the price, usually a good sign.
Someone else made a tweet that kind of echoed my sentiment as well that I saw in my business this morning or yesterday.
I think it was probably this morning.
I don't see how the tariffs affect my 500,000 market cap shitters anyways.
I'm actually feeling that, Rooster.
I don't know if you guys have seen Bankai was like shilling a useless token.
I'm pretty sure it's up like 65% today and I got a bag.
a bag. I was like, all right, fuck it, we rise.
I was like, all right, fuck it, we rise.
Man, I think that guy is going to reach the point of saturation soon as far as his effect
with certain things on the market. I could be wrong. Yeah, I could be wrong. He might
end up going on a GCR or whatever type run, but it kind of just feels like there's less of an effect with what he's doing
and he's going a little bit more obscure with some of the different stuff
that he's trying to push.
And I think that's a natural effect of pouring social capital into a product
that he is backing that's relatively new.
Now, somehow, that's why he's pushing useless so hard, right?
Because it is the top runner for bonk, whatever, let's bonk.
So he wants it to be, he wants to pour all his social capital in there
because if it runs, guess what?
It's a snowball effect on everything else.
on everything else.
And it running
provides him a lot
more
than
just the value of the token
going up because it is the value
of the equity of the platform and everything else
around it. So, I don't know.
We'll see. But it does feel like
some of these things are just getting a little bit
further out there.
Yeah, I don't disagree with that.
I know Wonka's kind of in the same cap that feels like a forced narrative.
I don't know, man.
When I'm, like, looking at this cycle, right,
like, I feel like Bonk guy is kind of, like, the hero of the cycle
doing shit that we wish we could all do,
just fucking longing the pico bottom of memes with size
and seeing seven-figure P&Ls.
So respect to him.
And I mean, not like I was following him.
Yeah, yeah.
Like, the memes, you know, I feel like the memes are like the L1s of last cycle almost, right?
It's like, just what's hot.
I mean, there's a shit ton of them ton of them but obviously like the best performing sector
in crypto over the last year and a half or so that's true man um
dude i i think you got me fired up enough i think i'm gonna try to sweep a few songs real quick
yeah you know i don't know you're probably not too active in the
citadel man but i made a joke the other week i was telling my buddy i was like bro peace out man
all right thanks for everything this week um i made a joke to my buddy and i was like bro buy
some stocks before kaleo sweeps and then you can just dump them into the sweep on them yeah basically
and you know you never you never slap it.
He's like, bro, what the fuck's going on?
Why is the price going on?
I'm cracking up.
Well, you know, here's the deal.
Sometimes you just space things out a little more than you may.
I'm going to space these sweeps out a little bit, too,
for that exact reason.
So if somebody sees this and they're like, oh, shit, I'm going to dump into whatever. Okay, So. Somebody sees this.
And they're like oh shit.
I'm going to dump into whatever.
Okay sure.
Go for it.
It's fine.
I'm not done.
Quantitative easy.
Quantitative stock easy.
Yeah Lumber said we don't hit all time highs.
Soon that he's just going to.
Inscribe all of his stocks into Bitcoin.
Inscribe them all onto Bitcoin?
Yeah.
What is your honest opinion, man?
You would never want to bring the stocks over to BTC, right?
I mean, I can understand that, you know?
Yeah.
I always have thought about really burning my OG Mint stock and scrapping it on BTC, but never gotten around to it.
Are there stocks on BTC right now that you could buy, similar to how Mirror Protocol was?
That I have no idea.
Okay, so we're officially, Tyler, are you familiar with the Wonky Stonks?
No, no.
Okay.
I was going to say, let me make sure that I think we're on two different pages here.
So the Wonky Stonks are...
No, no, no.
It's okay.
It's understandable if you're just getting up here and joining in on the combo.
Basically, we've been doing these spaces for years.
Wonky Ston songs are the nft
project that i launched back in 2021 as a freeman uh with my buddy and you know it's a generative
art project basically the initial idea behind it was merging the trading space with the nfd space or what's that pick up i think he's excellent talking um yeah so the idea behind it was basically
charts inherently can be art right like whenever all of the price action was generated randomly.
So it was something that, you know, they all ended up mirroring real price action.
I think if you do enough trading in the space, one of those things that inherently resonates with you are just for better or for worse.
Seeing some of that price action brings back memories for me.
So I think it's pretty cool the way it's done.
There's some other deeper stuff behind it.
But yeah, you know, they're just an ETH NFT.
Inevitable.
They're all charts?
They're all just generative charts, man.
Charts as generative art.
It wasn't taken from anything, but that you know the idea behind it something that original as far as at the time there had been nothing else put out there for any other nfts
there have been a couple other projects that have tried to go down that route since but you know
there's only one og original that was dropped as the freement back in the day. That's the stocks, baby. So,
that's the story.
A lot of the stocks, baby, forever.
And you're still going after four years.
Yeah, man. Why not?
Like, you know, built a solid community
behind it and just one of those things
I truly do believe that art
is something that's transcendent
and that the
provenance of the project, the history behind it,
it's one of those things you can never predict when the price of something
really takes off. Right. Like, but as long as community, the vibes,
whatever else are there, like I'm going to stick around with it. Why not?
For me, that's what it's about.
Nice. Also, I, I, first of all, that's, that's about nice also i i first of all that's that's pretty cool that that uh
because nfts right now are kind of like not really that popular so if you have an active project and
the community is still sticking around that's like you're obviously in like the the one or two percent
of projects that survived that four-year period probably last yes yeah even you could say the same about
projects too like everyone's got their like they like their 2021 projects they invested in that
like are just absolutely not around whatsoever anymore tons of shit just died in the in the bear
2022 was honestly one of the most brutal not for nfts it was kind
of after that for nfts but 2022 was absolutely murderous for like for projects if you have
because i had an active project like an active coin and holy like there was nothing you could do
i mean any bear market right is like that there was nothing you could do to to solve that scenario like your
price would just get absolutely destroyed um yeah kelly i wanted to respond to something you said
before um you said that you don't think that this cycle is institutional driven and i kind of no i
said that it was i said that it was oh that is that it is
institutionalized or driven I said that I I said I disagreed with the fact that
it is institutionally driven that there's no effect that will trickle down
to an alt season type of move right Like that was basically what I read from CryptoCred.
He said that because it's institutionally driven,
everybody's just interested in Bitcoin and nothing else.
And I disagree with that because I think that inherently the interest starts,
like when the money pours into the top, it eventually trickles down.
And I think that it still will grow faster on the outside because people always want to speculate,
maybe not on what the next quote unquote Bitcoin is anymore, but what will be the next
infrastructure layer that is able to drive adoption on a mass scale. I think that there is a lot of interest in that
that will peak as there is more capital
that flows into Bitcoin.
I think it's just going to happen
regardless of whether it's institution or retail
that's pouring money in.
What I'm hearing is Galeo saying that pretty much
other than Bitcoin,
they're looking for any other coin other than ETH to be able to trickle down the money too.
Because no one wants to buy ETH still.
Right.
Right.
Yeah, like, Sol kind of, like, took the place of ETH temporarily because there's just, like, some number of people who they want to develop.
I mean, like, everyone kind of wants to develop and not have to worry about the fees right the users don't want to pay that
so the the liquidity and all the dev has to go somewhere and I feel like there's
a bit of a lag on like these fees went up in 2021 but people were still paying
them it literally took like three years for like people to move over to Seoul like properly like
I think a lot of people just got stole wallets like in the past year like the majority of people
as Seoul grew so yeah it's kind of it's it's an interesting scenario like everyone's kind of
tackling the problem differently but I don't think anyone has solved it yet like if we knew
which chain was if it's going to be like a single chain,
which chain is going to be able to support like the world's like DeFi and NFTs in the future,
that chain is a trillion dollar market cap like product, right?
Like, that's going to be a massive, massive endeavor.
And honestly, most people before the fees happened thought ETH was going to be that.
Once BTC hit a trillion, everyone's like's like oh yeah well ETH will obviously follow and now it's kind of stagnated
and I think for good reason right like no one's building there or watching there so and now you
see soul is in the hundred hundred billion market cap range and you know it's even Sol goes down. I don't play favorites with L1s. Like, even Sol goes down when you launch a meme point on it.
And then, you know, AVAX tackles the problem differently.
AVAX just says, like, this problem is not solvable with the current tech.
Like, no L1 is going to be able to be decentralized and also support, like know visa level of transactions or mastercard
so they say like let's just have every product on their own l1 which i think is a is a solution
but it's also annoying so it's like no one is it is a a solution. It could work. If you make the L1s able to eat like Uniswap type interacting with each other,
it definitely could work if you make that easier because then no one's paying fees.
You don't have to worry about your chain going down when someone launches like a meme coin on your chain.
Like, oh, like my whole product is down.
Like Apple would never build build if you think about
it like apple microsoft these people would never build on like soul right now because you can't
just have downtime like that so like yeah so that's kind of the problem that's being solved and
honestly i i don't think any of the current solutions are there yet so the money is just
going to keep moving around like now we're seeing suey right as like uh being proposed as oh it's the next soul but i don't know it you don't know until
the chain gets big and then all of a sudden it goes down right didn't suey just get hacked like
the other day yeah well it wasn't smart contract yeah it was a smart contract right there. That's it, man. That's exactly what it is.
So, you know, you're welcome for anybody that was interested in that.
Like, but no, they like, I will say one thing that's funny about it.
They froze some funds after it happened.
There were $160 million worth of funds that basically the validators got together and they were like we're not going to do anything we're going to ignore
any requests um from the address that put that there so 160 million dollars worth of funds are
frozen basically they're going to be able to recover that and the funny part about it is
there are a lot of people that are like, oh, shit.
You know, so you're telling me it's centralized and they have power over it.
It's like, no shit, man. What do you think with, honestly, any of these monolithic L1s that handle 60,000 plus TPS and have a like they all like how many times did we look at Solana whenever it said, oh, Solana is broken for X amount of time and be like, oh, OK, well, it's over.
Solana's dead. You know how many times I said that last cycle and ended up just being completely sidelined for massive moves because of it? b had like 800 million dollars worth of something basically just duplicated and they and they were
able to just instantly either freeze or print or do whatever you know with the money ignore it
and did anybody have any issues with that whatsoever at the time maybe a little bit
but within a couple weeks did everybody forget about it? Yes.
Like a lot of these chains right now, I finally just realized you are going to have, it's one of the trade-offs.
Like there are people, you care about centralization, people that don't.
And it doesn't mean not every chain has to be perfectly centralized.
I used to think so. I used to think so.
I used to think so.
I'm a huge believer, actually, in the majority of...
I'm an old school purist on the Bitcoin side of things.
But I still think that there is a huge market that is never going to care about it.
And there is a lot of opportunity that you're going to sideline yourself to.
If you don't put yourself in the position to have exposure to those ecos.
So anyway, I think everything was handled pretty decent,
but it was like, it was a shit show.
Getting in the day with that.
Couldn't they, couldn't they technically, I'm just thinking about this now, Like it was a shit show at the beginning of the day with that.
Couldn't they technically, I'm just thinking about this now,
if they can get together and say,
all right, we're not going to ignore transactions from this address. Couldn't they theoretically get together and say,
we're going to all agree that like some address has sent this transaction
and we're going to all approve this transaction and we're
all going to get the funds sent to our addresses. And then they push that transaction onto the
blockchain and they all validate it. Like, is that not something that like theoretically they
could do if it's, if they could just get together and freeze a transaction well i don't see why not
i'm not sure what the solution is maybe that is what they're doing i i really they're not doing
it there there would be outrage obviously the chain would be dead if they actually did that
but could they could do it technically maybe i'm not like again i have no idea all i know is that they're they say they've
got control over those funds and that they should end up back with the lp so it's like
what are they doing with it i'm not sure oh they're yeah they're they're just chilling but
yeah okay i wasn't even referring to i meant like in sometime in the distant future like
the sui gets really big and then the validators are like kind of get together and like are like
you know what we're gonna we're gonna extract some liquidity from like i don't know like addresses
that hacks happened on and we're just gonna give it to ourselves or we're gonna give it yeah
think think about it this way yeah again validators have the largest stake to lose if there's confidence in the network that's lost. So do you think that anybody's really going to sit there and like if that's possible and go through it, you know how much money they would just be taking out for themselves. And then on top of that, I think the majority of these validators have
some level of, you know,
whether they have KYC or not, I think
there's a huge portion of them that
people know who run them. So
you're then looking for the legal
stake of like, you're doing shit that's
yeah, I
I just don't think
there's a world where that ever really happens.
It's just crazy because I'm also similar to you where I started as like a decentralization like purist back in the day.
And now it's like, do we really need full decentralization?
Like it might not be possible in the way that was like ideally expected.
And it might not be as perfect as we initially thought also.
We're in a weird, weird market right now.
Here's my thing, though.
I think there need to be synergies between everything, right?
It's important to have chains that are maximally decentralized,
like BTC at the core. There's a reason why it has
the value that it does. There are trade-offs for each, and that's why I believe in a multi-chain
future. I think the synergies between them all is what really the future is going to look like
as far as making things run. Now, the only downside, the difference, I've talked about this before, when, you know, especially if you brought up Avalanche, if you use it as an example,
the difficult part for Avalanche and anything with the modular design, ETH is another example,
right, where they're trying a similar but different approach using modular scaling,
it ends up breaking apart all of your capital and liquidity. And when you have
something in a monolithic design, all of that is concentrated, which I think makes the momentum a
lot easier to happen on chain because it also concentrates users as well. So users for new
products much more seamlessly can use other
products versus something like Avalanche right now. Okay, amazing. Godzilla created half a million
wallets over whatever time, but how many of those have actually translated slash will actually
translate to users de-jetting any type of liquidity onto the main chain. And I don't know if that's a solution
or not, but a lot of that revenue doesn't feed back into the rest of the eco just by design.
So I think that there are some parts of it that are imperfect and that it's basically designed more for, it's better for scaling, but the downside to that is,
I think to really have that network effect take off,
it needs to scale a lot more as far as the number of users that are actually on it.
And nothing is going to do that other than time.
Right.
So that's my take.
Yeah. right so yeah that's my take yeah it's also not as fast as some of the more centralized chains avalanche like that's one of my slight issues with it is like you try to do like if
you've used like gmx or something um you you try to transact on it and it turns out that and
this is just like a minor issue,
but as like crypto is getting bigger, it becomes more and more important.
You still are paying fees on Avalanche, whereas like on Arbitrum, for instance,
like if you look at GMX.io, right?
They used Avalanche in the beginning and Arbitrum, and they actually raised money from both.
And it was kind of like marketed as marketed as an avalanche product in
the beginning but what ended up happening is all the liquidity went over to arbitrum because no one
wants to pay like basically 20 times or 30 times as many fees on avalanche it's still low right
it's still like 10 cents or six cents but But I mean, realistically, like Arbitrum is under a cent every time you transact.
Like you're going to just want to use that.
So what ended up happening on like something like GMX is they just grew all the liquidity and all the new listings went on Arbitrum.
And Avalanche is kind of like it's kind of taking a back seat to some of the more
centralized chains like and it's uh you know it it sucks because avalanche is like very
decentralized but it really is that like trade-off it's like almost like user users don't care about
that they'd rather transact on like an l2 that is that they're paying no fees on like especially in 2025 like we shouldn't be
paying fees someone's someone needs to solve the fee issue but also you know like uh keep keep the
chain you know depends on the user I mean a little bit of a counter argument to that is like there
there are definitely many cases where depending on where I'm transacting, I would be happier to pay higher fees, you know, anywhere between 10 cents and then in each, you know, peak times 200, 300, $400 per transaction, depending on what you're doing, right? Like it's almost like a little bit of a separation of class.
I can get it for the most, for most user base, right?
Cheaper fees are going to be, you know, what's mostly sought after.
But then, you know, that brings in a cesspool of anybody doing any and everything, right?
Whereas opposed to like, you know know if you're willing to transact
on eif when gas is 200 300 400 plus right it filters out a lot of you know smaller things
out there right so on solana you have people making you know three five ten dollar trades
doing all that um you know just speaking in terms of the trenches where, you know, back in the day on Ethereum that you couldn't do that.
You know, even if you were trading with a position of $1,000, you know, you're 20% fees each way.
So you need almost a 50% increase just to break even.
And so the game was a little bit different.
And the way I kind of look at it is like separation of like, you know, on an airplane economy and first class, right? Like, there's a good amount of people who
would just rather pay four or five times the ticket price just to not have to sit in economy.
And I think that, you know, plays out in a lot more areas in the ecosystem than just,
you know, whether or not the fees are a couple cents
cheaper than the other one.
It's, yeah, it's crazy that there is a time where paying $300 fees on ETH was worth it.
I, I've actually spent, I must be in like some, it's's a website fees.wtf where you can see how many fees you've
spent. I've spent like a hundred ETH on fees over the course of, you know, 10 years or whatever it
is. It's actually wild. And then you think about, well, if, you know, if you had that ETH, that would
be kind of nice, you but at the in 2021 it was
it was worth it to spend that like to transact on uniswap because you were making so much i don't
think in the future and this is just my my personal take on like the fee situation i know what you're
saying that it's people see it as worth it but i don't know if 2021 is a good judge of character because there were no other alternatives.
BMB became the alternative for a little bit in the middle of 2021, but there was literally all the liquidity, all the trading, all the transactions was ETH.
If you were launching a coin, you were doing it on ETH.
That's where the users were.
You didn't have another option. If you were going to do do something you had to do it on eath back then now there's a bajillion
other options that you can do i actually think like like fees are just going to become like
antiquated and users are going to even if you're rich just because like the world is a big place
right they're all other countries besides like the, the U.S. and, you know, Western Europe are coming into crypto now.
And over time, as more and more people make wallets and end up on chain, like, it seems like right now, yeah, I guess if you're going to, like, do DeFi, are you really going to do it on ETH right now?
Is anyone even doing, like, is anyone transacting on ETH here?
No, no one's doing anything on ETH right i mean he's still got gas no no take that back take that back hey hey again y'all take that back i am in the middle of a metamask transaction
that's been stuck for 10 minutes um so i i am trying to actively transact on e i forgot about the time that's besides all
that stuff i just have like this i literally i even restarted my my computer during the course
of this conversation because metabask was like bugging out on me i was trying
to sweep 10 stonks and for only for some reason only swept two so i like i've been going back and
forth man i can't get it to go i'm just gonna have to do it another time um because this shit's not
working for me right now but that's that the issue. The user experience needs to be better.
Trying to use ETH still can't use ETH.
So point being, take it back.
People are actively using it.
No, you're not.
You're trying.
No, I'm actively using it.
I am not.
It is active as long as that wheel is spinning.
I have a question for the three speakers or four speakers that are up on here.
Say you're going to launch a project, a DeFi project,
like something that includes DeFi.
It includes like governance.
You want to launch some serious like lending, borrowing platform, anything.
Not a meme coin, just a real product.
Where are you launching it right now?
Where are you building?
It's tough.
Here's the question.
Do you go to the chain that offers you the most money and start to try to build there
based on whatever they give you and then eventually just migrate somewhere else if you really see issues with it.
Or because that's what a lot of projects are doing right now, depending on what it is.
They go to the foundation of the project and they're saying, OK, well, how much are you going to give me to be able to build on this?
And it's basically a bidding war at that point as far as what type of support they're going to get. So I think, you know, it depends on the
needs, depends on the support. And the sad thing is, I think for a lot of people right now,
what I've noticed as far as talking to various projects that are raising and that are talking
to me about, Hey, you know, we're doing whatever round.
A lot of them haven't even picked a chain yet,
and it's because they're in those type of conversations.
So the tech side of it, enough of them are like,
well, there are a lot of these that can fit our needs theoretically
because they all have enough empty block space.
The finality and whatever, like whether it's half a second or 0.4 seconds or 1.1 it's all fast
enough for us so we're just going to go where the money goes i don't necessarily think that's
the right approach but i think that's the average approach right now at least i mean even more than
the average i mean you i would say probably 98, 99 out of 100 projects are going to be choosing whoever offers them the most money.
I mean, let's be real. At the end of the day, we've seen this countless, countless times.
They take the money, they build a little bit, and then they kind of just try to keep their head above water for everybody to forget.
And then they pretty much just pocket
and embezzle everything that they raised not saying that's what i would do i'm just saying
that's kind of the that's that's kind of the sauce that everybody follows
yep you just raise money and then yeah no oversight just feel free to uh you know use that money however
you want and uh no one will care that seems that that literally is what happens but what also
happens like aggressively so is that they so like raised money you can convert to like you know
actual money through uh through various means like like if you're a project like
uniswap like when uniswap did the airdrop like i know someone on the uniswap team and uh if you
remember like uniswap was the first one to be like if you interacted with our chain um you basically
like at all on any address you get uni tokens and the the airdrop was worth like you know 1500
per address for just touching uniswap if you did a lot of transactions you can get like 10k
in a single address uh the thing is like the the team had raised a bunch of money
and they knew about their own airdrop so if you're on the uniswap team theoretically i'm not saying that the
person i know did this um and you know that they're doing the airdrop this way are you gonna
maybe go home from work that day and possibly transact with uniswap on 200 300 addresses
basically as many as you can uh maybe i would say so yeah And that's exactly what they did. And that's untraceable.
Like, you make a new address, the Uni tokens are dropped to your address and just chilling there.
No one will ever find that.
That is money that is just dropped to all the Uniswap team and everybody on it that knows about the airdrop.
And so, like, that's just Uni's example.
I know that that happened internally
a little bit but uh they never are they're not going to get in trouble for it because it's not
illegal to drop yourself tokens uh or to even game your own airdrop it's not illegal so like i like
just keep in mind like lots of other projects do these sort of like tactics and everyone knows this
like that that that you know there's like
mega corruption in crypto and whatever but so yeah they'll they'll have a they'll have a set
team amount but if the airdrop is structured like that the team amount they've got a lot bigger of
it it's caked into the public airdrop i see what you're saying but yeah and you don't know where
that like so then when those tokens are sold uh, you know, whatever, you just think it's a user selling.
You don't know, oh, the team is selling, right?
And this is, like, part of just, like, you know, team tactics to, like, make money off their own projects, even if their projects are just, like you said, staying above water.
Like, okay, yeah, our project is live.
Oh, it's a bull run.
So, like, BTC is pumping.
So now our project price is
pumping oh let's sell the tokens right so it's tales all the tales all the time rooster what
you don't know is i am actually um oh gosh what was his name that like dave dave something dave
vpn or whatever You remember that dude?
Are you talking about the Washi?
Yeah.
David VP, I think it was.
Yeah, that's actually my ult.
I didn't want to tell you guys, but...
You said that.
Yeah, no, I sold the top.
Most profitable trader on Wonky Stunksks um so my alts are david vp and bogfather
um i didn't want to tell you but here we are so bro bro you need to tell me you were jumping on
me all this time saying oh i'm gonna go higher and then you just weeped 20 stocks into bids, man.
Come on.
That was a great art.
Dude, I miss that time.
What was that, late 2023, beginning of 2024?
We had a nice little ETH NFT season.
That shows a lot of fun.
I really don't give a shit, man.
Bring anybody who wants to try to farm stonks over.
I'm all for the volume.
Volume on a collection is good.
Volume on a collection is good.
So come back, fellas.
Galeo was eating on the fucking wash trading that Bog was doing a month ago on the royalties of this.
Oh, yeah.
Was it a month ago that he did it?
Yeah, he was doing it on the royalties of those things. Oh, yeah. Was it a month ago that he did it? Yeah, he was doing it
when I think of the last month.
I don't think that,
I don't think that,
I think eating is like
half of a percent these days.
So I don't think it's eating
like the 2021 days.
Eating's enough to be able
to cover whatever the,
you know,
site to keep the website up are.
We need more random airdrops
from people touring. Sorry, I got you, I got you a $5 biggie bag. Yeah. site to keep the website up. We need more random airdrops for people.
I got you. I got you a $5 biggie bag.
Yeah.
Yeah, no, literally eating. Literally
eating. Thank you.
Rooster, I actually saw I did end up
buying the stonks, so
somehow it did
go through, but it's just
buggy.
I don't know.
Because my MetaMask is still churning, but it says the stonks are gone.
Or it says that I bought them.
Yeah, what were you talking about, dude?
Were you using Blur or were you using OpenC Pro?
I tried both.
I tried both.
It was MetaMask having the issue.
So, yeah. He's using Jim.xyz. I tried both. It was MetaMask having the issue.
So, yeah.
He's using gem.xyz.
Yeah, but it's time.
For me, I'm like,
it's time to start.
Gem was
incorporated into OpenSea Pro,
so basically it's gem that I'm using
for their, like, I think
it really, realistically, it's gem that you'm using for their like i think it really realistically
it's gem that you're using when you use open c pro but you know fun fact you're talking about
fantasy top earlier clayo is that uh oh yeah that's still other communists can i just tell
you can i i'm sorry for everyone on stage can i have a quick rant because they are communists
um and i'm not going to make a post about it because it
it's too petty for me to make a post about um they didn't screw me over they they didn't commie me
as much as what the boop airdrop did which boop realistically that they they killed themselves by
trying to save themselves by trying to be greedy and like splitting up the airdrop to quote-unquote communities on the tokens whatever they killed
themselves um but no fantasy top tried to save themselves on something too because there was a
payout that happened yesterday and on your hero page every month you can keep track of like the
overall volume for your card, what's been traded.
And every month it gives you a 30 day rolling estimate of how much fees that you've earned.
And I, you know, I've just checked that.
Been curious.
I like to go on Fantasy Top and just for the sake of the people that have been using my card, I'm like, what's my score on there?
It's kind of fun to just see how I compete with some of the people on it. So my card, I'm like, what's my score on there? It's kind of fun to just
see how I compete with some of the people on it. So occasionally I'll check the thing. And the
average that I have made each month that it says you're earning for this month, one month, it'll
be 0.4 ETH. The next month, it'll say 0.6 ETH. The next month, it'll say 0.5 ETH is what I make.
And that's just on volume for my card. So you're then according to what it's
always been, what they've advertised, you then get a split of the overall trading or the fees
from any pack sales. So realistically at a minimum on average for seven months, I've done,
I've made about half an ETH each month. That's three and a half ETH of volume from just my cards.
Probably should make at least four ETH on this.
I made 1.4.
And it's because last second, I think what they decided is,
one, there are a lot of these shit tier influencers
that nobody wants to buy their cards,
and they made nothing because nobody was trading their cards.
And then two, I think that there were going to be a lot of people that were at the top that have expensive cards and a low supply.
I had a really high supply and a good card.
So that's why I got traded a lot.
But there were a lot of like good influencers on there that had like, you know low supply um an expensive card so because of that they weren't
having much volume transacted um which means they didn't get many fees and i think that fantasy top
was worried about having people pissed off if there were a couple names like mine that just
got everything and then there were some
people that were at the top that got literally almost nothing so they were just like f it we're
gonna hit the commie pill and we're gonna change the rules without saying anything and we're gonna
take all of kaleos eth and we're gonna send it to everybody else. So yeah.
Am I slightly upset?
Yes.
No, you don't sound like it at all.
Is that still based on Blast?
So yes and no.
Okay, yeah.
So that was leading into my comment earlier about projects just kind of floating above the water until people forget about them and then embezzle all the money.
What did Blast launch at again?
Wasn't it like $2, $6 billion, somewhere around there for valuation?
Yeah, I'm pretty sure you're right.
I haven't heard a single person mention anything on Blast.
I haven't heard the word Blast in probably a year other than Fantasy Top.
And the only person I hear anything from Fantasy Top is Kaleo, and he never even mentions Blast while ever speaking about Fantasy Top.
I only talk about Fantasy Top because I like all the dudes that just interact
with me constantly
they're my most
they're my biggest reply guy DJ
so I'll talk about it because of that
you know
someone clicked that
what's that
I think that at the end of the day
who knows what the fan token does
they've got some shit they've got to figure out for that.
It's actually, it's a cool idea and narrative with what they've built,
but they, I think, have some refining as far as the mechanics.
Like, are they ever going to turn fan into a real token?
Are they not? I don't know.
They have all these seasons for points,
and will the points ever translate into anything for fan? I don't know um they have all these seasons for points and will the points ever
translate into anything for fan i don't know like you expect it to but my issue then becomes
at the point that fan becomes a real token then they're not getting the revenue from eth sales
anymore right because i would expect fan to be redeemable for the cards and all that in place of the eth
sales so i just i wonder what really is the gaming mechanic for fan whenever it becomes live i'm not
quite sure um so am i losing y'all can nobody hear me i got you i got you i can hear you well okay i saw
i felt bad i meant to you know the dunies dude was up here i was gonna invite him to speak and
i uh i just got on too many rants to even acknowledge him
because he came up here like two weeks ago as one of the guests on stage i'm telling you a lot of
people don't actually dive in and do stuff i do things whenever i'm interested in something
there are the people that are fake and they like to talk about everything on chain i like to try
to do stuff so i ended up sweeping like 33 dunies dude and you know i because why not like
i see the upside for a trending project on a new chain and i think it's a good way to get plugged
into the eco with sui so i bought a ton of them um and i still honestly want to buy some more um because i believe like and you you just
bet on winners and i think it's pretty easy to tell who winners are a lot of people like to split
their capital up and just pun a lot of different bets i'm like if you see somebody that's clearly winning just park it there um so
suey is going to win in some way or another they're going to become relevant it seems like
yeah so anyway that's that's one of my takes with it at least that's why
like i'm gonna buy some other collections on there i to buy some other collections on there. I have bought some other collections on there.
But a lot of people even say that there is something like, I don't want to talk crap about any collection on that chain because I don't know enough about it.
But Prime Machines, for instance, I think are kind of what a lot of people see as their blue chip. And I kind of want to own a couple of primes, but I don't think all because
something has a higher market cap that it necessarily has to always have the higher
market cap, right? Like we saw examples of that the last ETH bull market where there were collections
that came along, you know, perfect example are what happened with Bored Apes, where Bored Apes just had this massive run.
And they came along well after the fact from collections like Punks.
And I mean, if you really want to go back in it, you could have collections like Cool Cats that were around for not Cool Cats.
But what am I blanking on?
dude, what am I blanking on?
Like the oh, my gosh, Moon Cats.
Like the, oh my gosh, Mooncats.
That well predated it.
And doesn't necessarily mean, though,
that they ever really achieved that level
that something that was a little bit later
that just had the strong core community
like the Apes did really happened.
So I, anyway, not a guaranteed bet,
but again, I think good way to get plugged
into the eco NFTs are the best way to get plugged into a new, new ecosystem. Um, I think ETH is
cool. Why we, you know, why I have the stonks on ETH is because I think ETH is kind of like
the Providence chain. And I think Providence is going to have that rotation eventually.
And if you have art, you want art to be on a chain that is solid, that lasts, that people are willing to stick around.
Like, not saying that the other L1s won't.
I'm just saying, like, ETH has the history side of it.
You know, it's where the NFT revolution really started.
It's why I want to keep it there.
But, yeah, man,, like NFTs pay themselves.
They don't have to pay themselves with a dividend.
Like a lot of people in DeFi, they're like, okay, what's my APY on this by staking it
and doing X, Y, Z.
The APY that you get with an NFT is paid out in trust and respect, which has real value
within a community and has real value as far as social
reputation is concerned. And that translates in this space. So that's why I still think NFTs are
one of those things that memes, as hard as they try, cannot replace. They cannot fully and
effectively replicate that effect on scale.
Anyway, that's my rant.
Dude, I'm disappointed that lumber's not up here because I owe him a stonk
and I've just been blanking on it forever.
I still have one stuck transaction. freaking metamask metamask sucks i agree with your thing by the way about
betting on nfts on on chains that you think will be around um if you did that on eth exact strategy
um you would have been in like all the things, the board apes.
Obviously, everyone knows people who got all of those, CryptoPunks, board apes.
So doing that on Sui makes sense.
If you see a chain doing everything right, then there's usually that lag time before the chain gets popular and actually gets users.
You saw with Solana. solana blew up in 2021 the users really came in 2023 2024 same with eth right eth launched in 2014
the users started to come in 2017 with like ico boom it's like there's like a three-year lag on it
so it's sui you can buy up things now and hold them long term and as the chain starts to get
users you you ideally will see the value of these things go up like in the in the in the giga long
term in the multi-year term so i think it's smart yeah yeah dude like so far on there i've got
nearly a 3 000 suite portfolio after a month of being involved with
them. And, you know, I kind of want to get it up to like about 10K SWE portfolio before things
really blow up, because I just think that it's so cheap to be able to really just become a whale
in a bunch of these big projects right now. Because even, you know, when you look at it,
one of those projects that i mentioned with them
prime machines 300 suite that's like a thousand twelve hundred bucks um or maybe it's 270 suite
i think it dipped so like it's close to a thousand bucks to be able to buy like a blue chip nft on an
emerging chain i think a lot of these leading L1s that are emerging right now to have
a lot of momentum in a real bull market, their projects that are these blue chips could hit 50,
100, 150K market cap if you have some of the right bet or not market cap, but like valuation per NFT
if you hit the right ones. If you don't hit the right ones, you know, still some of these ones
that are cheap. It's like, what is 10K? 10K is two and a half ETH back in the day.
How many ETH projects hit two and a half ETH that were just pure shit?
So like the fact that I can scoop up a bunch of these for a couple hundred bucks.
I mean, heck, it's the same thing with wonky stonks right now.
Like why I don't mind why I'm like, I'm going to start scooping back some stonks because
I'm confident in the project, right?
Like I'm going to start scooping back some stonks because I'm confident in the project, right? Like I'm sticking around.
I want to be able to have the equity to be able to basically utilize for
whatever purpose later on in my own project. So yeah,
I'm going to continue to bet on it. I've got a bunch,
but I look at the value of them and I'm like 140 bucks for one of these right
now is practically nothing. So I want to
be able to have that control and to be able to have that distribution at a point where it isn't
nearly as feasible to do at a higher market cap. So I, you know, it's just one of those things.
You bet on what you see as winners for whatever narrative it may be. And you just look at NFTs
as a call option with no expiration. So a lot of the times that call option is going to dip a
little bit and it's going to sit there and you're like, shit, this feels worthless. But as soon as
the chain really does take off, the beautiful part about the call option with no expiration is
it's not like you're buying it and it's like, oh, I've got to have this payout in three weeks or it's gone
forever. No, you've got that call option that again, as long as there's some form of activity
and the initial thesis is still valid, whenever there's momentum within the ecosystem, that call
option, the volatility on it just ends up spiking, going through the roof, does not take much to do it, and it pays off.
But you got to be a little bit crazy to be able to see that and to kind of have the vision to really believe in it.
But that's the way I kind of view it.
Call option with no expiration.
You sit on it.
Your dividend in the meantime is the trust the respect within a community um and again
best way in my opinion to get plugged in for any eco nfts really are man there's nothing that beats
it uh we got a hand up from a new listener um alix.swe welcome up man how's it going
hey hey how's it going guys guys? Yeah, I heard you.
Actually, I saw the space because Duny's were here.
And I heard you talking about the NFT scene on Sui.
Yeah, there's quite a few interesting ones.
But the one you mentioned, Studio Mirai's NFTs, so like Prime Machines.
So it's an interesting one, and they have been quite up there for a while.
So full disclosure, I did mint like originally, like three years ago,
this prime Marshall three years ago, maybe around three years ago, I minted the prime Martians.
I'm still holding like six of them.
But the reason why they're quite high.
And yeah, there's another collection called tamashi from them that the
floor price is fifteen thousand dollars uh and yeah like um it's because people who hold it don't
want to sell it because it gives you access to the studio right in a circle kind of thing
and it's these uh prime sorry these tamashis are still on another chain the original chain
that studio murray was on like uh, which is basically a dead chain.
They're migrating it soon.
But for the Prime Martians, I think one of the reasons why they're quite high up into the market cap is Studio Mirai is kind of working with all the major players in the ecosystem.
They're writing the first NFT standard.
They're validators for Ica, They're validators for Ica,
they're validators for Sui,
validators for Walrus.
They do a lot of tech collaborations
with platforms like Animal Labs
and a bunch of other people.
They're also Sui ambassadors, I believe.
And so it's a blue chip for a reason.
And I can't predict the market,
but I think it will only go up from there.
That's why I minted nine originally, and I still have six,
if I remember correctly.
I'm planning to hold them for I don't know how long.
But yeah, it's definitely an interesting scene.
And it's also very cool to see the the more grassroots collections uh doing well this one i
didn't mint uh the team did give me one it's called ika chan i don't know whether you guys
saw that but that went i have no idea what it is but i bought one oh yeah yeah basically so ika is
this is this massive uh mpc uh protocol on on sui uh that's kind of bridging all the other networks um
using sui and they have their own NFTs called eco NFTs and they're not really you know for
they're not really pfps they were used as a method of I guess uh collecting uh extra
fundraising a bit more and then giving people like airdrops so there was a
bunch of guys just little community guys that that started drawing this eka chan nfts like as a as a
homage to to the eka protocol and then the guys at eco said like when when collection like when mint
so so these guys like saw that as validation
and they minted uh they launched the mint i think it was one or two two suey and this like people
fell in love with these guys because they're like they're underdogs and you know they're they're
really like just your regular average joe in the community so yeah people fell in love with those
uh and that did really well i think it's at 30 i'm not sure a 30 sui floor so yeah definitely interesting a very dynamic
scene in terms of nfts right now on sui so i'm looking forward to see what what else is to come
yeah um you know i appreciate you bringing up some of the others man again interested in it
it's funny too like again even at this avax thing i was talking about different nfts i bought
and i was talking to a guy last night at this end of the summit party and he told me as we were
talking through it i just swept like a bunch of random NFTs called Steady's and then NoChileos.
Shout out to Pytho down there below.
And he told me he's in this NFT.
He owns like 3000 NFTs on AVAX.
He's in this, you know, alpha chat.
He's just got like these small amount of followers.
And he was like, oh, what is the foundation doing with Kaleo right now?
Does anybody know why he's buying these? Like, what is the foundation doing with Kaleo right now? Does anybody know why he's buying these?
Like, what is the foundation doing?
XYZ.
And I'm like, bro, I just wanted to buy them.
So like all these people think that I'm buying these NFTs with like foundation money and
that I'm doing it.
And there's these conspiracy theories.
It's like, bro, I'm risking my own damn money.
my own damn money i could be buying fucking car with this shit but instead i'm buying nfts
I could be buying fucking car with this shit.
because i just think that it's like ways to get exposure on the chain and i want to bet on
communities whenever things seem like they're not the sexiest at the moment and you know you buy when
nobody else does that's the alpha with the nfts it's like you buy when nobody else does. That's the alpha with the NFTs. It's like you buy when nobody else does. You have the patience for it to play out. You don't do it with the expectation. People talk about the flippers and whatever. You don't do it with the expectation that you're going to flip it for a whatever percent return in whatever months.
you're like, dude, I could hold this for a couple of years while the bull market heats up.
And I think that this community has been around for X, Y, Z. Here's what I've seen them doing
in the trenches. Here's why like people still rock this PFP. People still talk about the art.
People still get together and like reminisce on this. Like, and it's just a high beta play
bet on the eco. So that's my thing, man.
People can fade NFTs all they want on whatever chain.
But I think right now is the time to really be stacking them from the perspective of, yeah, you might not get the same sexy 100%, 200%, 300% return that one of your friends that's trading memes does if they end up locking into whatever the next cabal coin is but at the same time you're not going to have as high of a chance right now as
just buying into an instant rug either i think right like i think nfts are a little bit easier
to tell who's probably going to stick around you've got a lot of communities that have stuck
around you're probably not going to lose it immediately um yeah it's a waiting game yeah like if don't put money that you need in quickly out
of it but if you're bullish on the eco and you're bullish on the space in general like
i think it's the thing to do because when they start moving, they move fast. I don't know when it's going to happen,
but I am one of the crazy people that believes in this confident that
eventually it will.
so i don't know that's that's my take though um y'all i've got like just another few minutes
So I don't know. That's, that's my take though.
before i gotta get going here because i gotta figure out get ready and figure out what i'm
gonna do as far as last night for dinner everything else in london got some people up and talking to
uh bro yeah yeah yeah real quick how was the shit man you were you fucking with that
dude it was really good i think here was my one mistake with the shim
the shim was my one night that i went out to eat by myself
yeah okay i don't know it's probably the worst restaurant probably the worst restaurant to go
by yourself too because those were some big dishes.
And I wanted to try.
I wanted to try so many other things.
But like with the pure scale of the size of the food, not worth it.
And the other thing, too, I'm just like, I'll be honest.
Pure fart point advocate after that because I was preaching the word of it all down the street back
to the hotel like after i finished there was something about those spices oh yeah as good as
it was as good as it was on their rises so like uh but yeah that was a solid place you didn't get a
mango lassi there did you i did I did not. Damn, man.
That's something you had to finish off the meal with.
But it's all right.
Next time.
I wonder.
They have a couple locations in London.
So I'm actually.
I don't know what location you went to.
But when I went, it was phenomenal, dude.
And we ordered basically everything on the fucking menu.
I'm pretty sure.
I went to the Covent Garden location.
And it was good.
But here's the one downside about it.
I think it's the most popular location, and they don't have, apparently the other ones have a bar and stuff inside that you can kind of wait at and hang out.
Yeah.
I had to hang out in line, which the only upside to me hanging out in line, you know, I had a good conversation with, there were a couple, like, there were a couple girls from Singapore that had lived there were a couple like there were a couple girls from singapore that had lived
there for a while one of them was a model and they were they were cool and at least had like
some solid combo with the time in line where i wasn't just sitting there by myself for like 45
minutes sticking around on my phone um but made it a little bit easier to wait but at the same time
you do have to wait and uh i think the
food is worth giving it a shot though i like some good indian food yeah yeah yeah no i i like that
place do you have any uh good fish and chips out there at all dude dude i need to that's kind of
what i'm thinking one of the things i'm thinking about for dinner tonight i still have not had any
fish and chips yeah i'm pretty sure the first thing i did when I got to London, I was like, fuck it.
I'm going to be a bougie tourist and get some fish and chips as the first meal.
Yeah, still have that.
London's awesome, man.
I'm a big fan of it.
Well, it's great when the weather's great, too.
A lot of stuff to do.
Yeah, yeah, 100%.
I got pretty blessed last time I went.
I had good weather the entire time
maybe a little bit of rain at night but nothing crazy i gotta say if you're going for fish and
chips try to find a place that that does uh beer better fish and chips or like ale better so ask
for that huh yeah just have a look because a lot of them don't do it because it's more expensive to do it that
way because you're actually wasting beer or ale uh or not wasting you're cooking with beer or ale
but like uh it really elevates the experience okay noted good to know
um all right before i go i saw the dunies guys came up here too i'll let them
say something if they wanted to chime in real quick we can wait another few minutes
because you were up here yeah man sorry it's been a busy friday and i had to hop back into
discord for some business man but thanks for having me back up yeah Yeah, no worries, man. So, I mean, like you coming up here last time ended up leading
me to aping like 33 Doonies. It's been a good ride ever since, man. We appreciate it, dude.
Lots of cooking going on. I was going to chime in on the transaction conversation earlier. I love
the fact that, you know, I'm going to be biased and say SWE is the place for that DeFi building simply because of just chain abstraction goals.
And so hopefully that can bring liquidity into other L1s and L2s
from a singular point of contact or entrance.
So it's to be seen, right, like a lot of this stuff.
but I just wanted, I was going to add that part in there.
But I was going to add that part in there,
and that's one of the reasons why I was so bullish on SWE.
I mean, I will say, I think it is a solid place to build.
Otherwise I wouldn't do any work with them. Right. Like, but yeah, you know,
like I also wanted to just be transparent about how things work with a lot of
these projects that are building right now.
There are a lot of projects that they literally,
they just chase the money and it's sad, but it's kind of true.
Like I think the real project, if you want a chance to stand,
obviously funding is important. You need runway,
but you have to find that right combination of runway plus, you know,
tech's obviously got to be there but plus you've
really got to find the users too where for instance like i saw a project recently launched on bear
chain and good project good tech uh but real gamble with the user base side of things right
but they they got offered good money to do it
just one of those things it's like for a project you need users and when the chain is new it doesn't
always have the most users i was impressed though like sweet right now again like i'm impressed with
the number of users that are on there for the amount of time that's been on it.
I think it's a solid place to build.
I would recommend looking into it for anybody looking into building a project.
Also, don't think it's the only place to build.
I think that people should look into various things. The one word of caution that i have for anybody that's looking out there is
don't chase the money because if your goal is just the first paycheck and that's it and you
want to cash out then sure go for the one that offers you the most but if your goal is longevity
and really being able to turn it into something real you got to look for something deeper within
the communities and the egos so yeah calia in one sentence or so
what do you think of barrett chain good bad build don't build like generally who's new you know and
it's it's really degen man i don't i think that people are putting the gravestone on it too early personally um i i think that it still can bounce back but like
really risky degen is risky so you know that's that's a flip side okay so you don't see like a
you don't feel the same way about it that you feel about something like suey or those kind of chains
no i i think it's more geared toward
pure dgen stuff so you got something that fits that go for it so um but y'all i i wish i could
keep going it's been a really solid combo today have enjoyed it over here from london but and i
gotta get uh get ready for some other stuff last night here i, I'll be in New York City next week when I'm doing the next one.
So, I...
Send Bitcoin to one million US dollars.
Yeah, you know, hey, buy the dip.
Buy the dip.
And wonky stonks are inevitable.
See y'all next time.
Later, man.
Cheers, everybody.
See ya.
Later, Rooster.
