As an AI language model, your task is to provide a comprehensive and detailed summary of the following video transcript. 

Your summary should capture all significant points and nuances presented in the transcript.

In your summary, please:
- Include all essential information, such as key figures, financial levels, dates, and specific data mentioned.
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Aim for a thorough and detailed summary that allows someone who has not watched the video to fully grasp all the key points and nuances presented.
The summary should cover all important aspects without omitting critical information.

PLEASE PAY PARTICULAR ATTENTION TO ACTIONABLE LEVELS MENTIONED (LONG OR SHORT FROM X, STOP LOSS Y, TP Z TYPE STRUCTURE). SUMMARISE THESE IN A DEDICATED SECTION EVEN AT THE RISK OF REPETITION. Format this section as a markdown table:
Seven columns. 
Instrument.
Entry at time (leave blank) 
Stop Loss. 
Take Profit. 
Maximum Adverse
Maximum Favourable
Notes.
However, do not hallucinate TPs and Stop Loss; if a given coin is discussed simply from the point of view of us needing to observe a certain level, we won't be able to tease out all this detail and will simply need to put our observations in the notes section.
Also, be sure to individuate a given coin if it is discussed on more than one timeframe.

AT THE TOP OF THE SUMMARY DEDUCE THE THREE OPPORTUNITIES THEY ARE MOST EXCITED BY, and provide quotes for each opp to justify your selection. 

Provide your output in graceful markdown formatting.

1
00:00:00,001 --> 00:00:07,000
All right, I'll notify the discord.

2
00:00:07,000 --> 00:00:17,680
We got a dedicated slide where 563 does a lap of honor.

3
00:00:17,680 --> 00:00:21,120
No, we can just do that the whole time.

4
00:00:21,120 --> 00:00:22,120
It's fine.

5
00:00:22,120 --> 00:00:26,960
Every slide, just have a little picture of the tau.

6
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On my tau chart now, I put a vertical bar on the first date that you dropped the first

7
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tau talk.

8
00:00:34,200 --> 00:00:35,200
Oh, nice.

9
00:00:35,200 --> 00:00:39,280
And I think it was 2.80 on that day.

10
00:00:39,280 --> 00:00:41,320
So I just want to see how that plays out over time.

11
00:00:41,320 --> 00:00:43,040
I think that's going to be a cool angle.

12
00:00:43,040 --> 00:00:44,040
It's double pointing there.

13
00:00:44,040 --> 00:00:45,120
That's pretty good.

14
00:00:45,120 --> 00:00:47,880
I have a resistance line at 563.

15
00:00:47,880 --> 00:00:49,880
Looks like we've hit the resistance.

16
00:00:49,880 --> 00:00:53,480
We just need to flip that to support.

17
00:00:53,480 --> 00:00:57,920
We're going all the way at all time highs.

18
00:00:57,920 --> 00:00:58,920
Easy.

19
00:00:58,920 --> 00:01:01,080
You want to start with some charts?

20
00:01:01,080 --> 00:01:02,080
Yeah.

21
00:01:02,080 --> 00:01:07,680
I've got 45 different screens going on.

22
00:01:07,680 --> 00:01:09,080
I've got another new mouse.

23
00:01:09,080 --> 00:01:11,280
I'm just all over.

24
00:01:11,280 --> 00:01:14,760
I got a trackpad.

25
00:01:14,760 --> 00:01:18,360
Oh, that's cool.

26
00:01:18,360 --> 00:01:21,960
I'm still fucking useless with it.

27
00:01:21,960 --> 00:01:30,280
Your fingers are like King Charles.

28
00:01:30,280 --> 00:01:31,280
Sausages.

29
00:01:31,280 --> 00:01:39,880
Start with the number one, the real Bitcoin, tau.

30
00:01:39,880 --> 00:01:43,720
That's the Bitcoin of AI, man.

31
00:01:43,720 --> 00:01:46,400
But have we considered the emissions?

32
00:01:46,400 --> 00:01:48,440
So stupid, dude.

33
00:01:48,440 --> 00:01:52,800
Just do two minutes of research.

34
00:01:52,800 --> 00:01:56,200
That kid is a fucking idiot.

35
00:01:56,200 --> 00:01:58,200
Is it a good one?

36
00:01:58,200 --> 00:02:00,880
No, he's a dude.

37
00:02:00,880 --> 00:02:01,880
Yeah.

38
00:02:01,880 --> 00:02:02,880
Yeah.

39
00:02:02,880 --> 00:02:06,440
I gave him the benefit of the doubt before.

40
00:02:06,440 --> 00:02:09,320
He did two or three rugs and was like, come on, guy.

41
00:02:09,320 --> 00:02:12,880
You can't do that at that large of scale.

42
00:02:12,880 --> 00:02:14,640
It's too bad.

43
00:02:14,640 --> 00:02:17,960
It still follows me, though.

44
00:02:17,960 --> 00:02:19,280
I do remember one of the rugs.

45
00:02:19,280 --> 00:02:20,280
I think I bought it.

46
00:02:20,280 --> 00:02:22,800
And then seeing the back lap.

47
00:02:22,800 --> 00:02:24,440
You feel sorry for someone at the start.

48
00:02:24,440 --> 00:02:26,440
I mean, you're like, yeah, he probably knew.

49
00:02:26,440 --> 00:02:29,440
No, I mean, he felt genuine.

50
00:02:29,440 --> 00:02:30,440
And then he just did it again.

51
00:02:30,440 --> 00:02:31,440
I was like, OK.

52
00:02:31,440 --> 00:02:32,440
Two specs, man.

53
00:02:32,440 --> 00:02:34,440
I'm not quite impressive about it.

54
00:02:34,440 --> 00:02:36,600
I mean, he's still great.

55
00:02:36,600 --> 00:02:38,600
But he's still great.

56
00:02:38,600 --> 00:02:39,600
Yeah.

57
00:02:39,600 --> 00:02:41,400
I think he's a young guy.

58
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Maybe he'll grow up someday.

59
00:02:43,600 --> 00:02:44,600
Yeah.

60
00:02:44,600 --> 00:02:45,600
Maybe not.

61
00:02:45,600 --> 00:02:46,600
Anyway.

62
00:02:46,600 --> 00:02:57,240
The corn, like price action wise, if you weren't to see this, if you were to look at this,

63
00:02:57,240 --> 00:03:03,240
you'd be like, all right, yeah, it's just doing what it's been doing for the past six

64
00:03:03,240 --> 00:03:04,240
months.

65
00:03:04,240 --> 00:03:09,560
But there's definitely been a sentiment change.

66
00:03:09,560 --> 00:03:12,840
I think this time is different.

67
00:03:12,840 --> 00:03:13,840
This time is different.

68
00:03:13,840 --> 00:03:19,880
I think it was when the rate cut occurred, when there was just like a flip.

69
00:03:19,880 --> 00:03:24,040
And I think you've seen people start to really allocate back the markets because it's just

70
00:03:24,040 --> 00:03:26,660
that trajectory being set by the Fed.

71
00:03:26,660 --> 00:03:32,120
But it's just felt like a different vibe as well because, God, crypto Twitter was really,

72
00:03:32,120 --> 00:03:35,400
really bad for a long time, wasn't it, over the summer?

73
00:03:35,400 --> 00:03:37,440
Seems to have turned a corner somewhat.

74
00:03:37,440 --> 00:03:41,760
Unless we're just on the range.

75
00:03:41,760 --> 00:03:45,280
It just rucks down.

76
00:03:45,280 --> 00:03:51,160
How would it be in the range?

77
00:03:51,160 --> 00:03:52,160
I'm at one with the range.

78
00:03:52,160 --> 00:03:55,720
Have I still got my green box of doom?

79
00:03:55,720 --> 00:03:56,720
What is that?

80
00:03:56,720 --> 00:03:57,720
Oh, no.

81
00:03:57,720 --> 00:03:58,720
You have to extend it, man.

82
00:03:58,720 --> 00:03:59,720
That's how bad it's getting.

83
00:03:59,720 --> 00:04:00,720
I'm just going to extend it.

84
00:04:00,720 --> 00:04:01,720
I have to.

85
00:04:01,720 --> 00:04:04,720
I have to extend it to 2027.

86
00:04:04,720 --> 00:04:07,480
No, let's do October.

87
00:04:07,480 --> 00:04:15,400
Yeah, so not long until we're out at the green box of doom, I think.

88
00:04:15,400 --> 00:04:19,800
But it's been eventful, to say the least.

89
00:04:19,800 --> 00:04:24,280
Hopefully we've given you something to laugh about during all this fucking chaos.

90
00:04:24,280 --> 00:04:28,000
I still think it's completely fucked.

91
00:04:28,000 --> 00:04:32,720
Apologies if anyone's holding a large portion of ETH.

92
00:04:32,720 --> 00:04:33,880
You don't think it changes?

93
00:04:33,880 --> 00:04:34,880
No.

94
00:04:34,880 --> 00:04:37,640
You don't think more institutions pile in?

95
00:04:37,640 --> 00:04:40,320
Isn't that the whole narrative?

96
00:04:40,320 --> 00:04:41,320
It's done.

97
00:04:41,320 --> 00:04:42,320
No.

98
00:04:42,320 --> 00:04:52,760
The only kind of, what's concerning is people are trying to position ETH now as the most

99
00:04:52,760 --> 00:04:55,080
bullish thing about ETH is that everyone's bearish.

100
00:04:55,080 --> 00:04:57,040
And it's like a contrary bet.

101
00:04:57,040 --> 00:05:03,200
And if that's what you're hanging your hat on at a 300 billion or 400 billion valuation

102
00:05:03,200 --> 00:05:07,640
or wherever the fuck it is, then that's kind of concerning to me.

103
00:05:07,640 --> 00:05:14,880
The only other kind of aspect I do like the idea of is if rates are to drastically cut

104
00:05:14,880 --> 00:05:20,960
and then ETH's taking rate could potentially look a little bit more appetizing.

105
00:05:20,960 --> 00:05:25,200
And then, but if that's why-

106
00:05:25,200 --> 00:05:27,080
It's just taking like 2%.

107
00:05:27,080 --> 00:05:28,080
It's really low.

108
00:05:28,080 --> 00:05:29,080
Yeah, yeah.

109
00:05:29,080 --> 00:05:35,920
But if that's what we're hanging our hat on, I'm clutching at Strava's ear.

110
00:05:35,920 --> 00:05:38,680
Did it go ultrasound at all within the last 48 hours?

111
00:05:38,680 --> 00:05:41,720
Because there was a spike in gas from there.

112
00:05:41,720 --> 00:05:48,840
I wonder if there was any narrative hope here for that.

113
00:05:48,840 --> 00:05:52,000
It's been ultra unsound for a very long time.

114
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Wait a minute.

115
00:05:54,000 --> 00:05:59,600
You got to extend the timeframe at the top, I think.

116
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Oh, fuck off.

117
00:06:01,600 --> 00:06:05,480
The only reason I think it's going to go up and outperform Sol here is because I got my

118
00:06:05,480 --> 00:06:09,880
mum to swap everything to Sol on the weekend.

119
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Oh my God.

120
00:06:13,880 --> 00:06:14,880
Yeah.

121
00:06:14,880 --> 00:06:22,280
Yeah, I mean, it's a little bit ultrasound.

122
00:06:22,280 --> 00:06:25,800
It's quite a bit.

123
00:06:25,800 --> 00:06:26,800
Wow.

124
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They're really cheap.

125
00:06:28,800 --> 00:06:35,000
There's some shit that's moving on the mainnet in there.

126
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Interesting.

127
00:06:36,000 --> 00:06:42,040
Yeah, other than that, probably Strava's glass up.

128
00:06:42,040 --> 00:06:43,040
Yeah.

129
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Sol, and then we can move on.

130
00:06:47,800 --> 00:06:52,800
I think the Kaito sentiment is pretty interesting too.

131
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Flash that up at some point.

132
00:06:57,800 --> 00:06:58,800
Yeah.

133
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Bottom right.

134
00:07:00,800 --> 00:07:04,840
Because it's saying we're back.

135
00:07:04,840 --> 00:07:06,840
Does it feel like we're back?

136
00:07:06,840 --> 00:07:10,280
Or does it feel like, I don't know.

137
00:07:10,280 --> 00:07:11,280
We're back.

138
00:07:11,280 --> 00:07:12,280
Exactly.

139
00:07:12,280 --> 00:07:14,840
Well, the thing is spiked last time.

140
00:07:14,840 --> 00:07:19,560
It spiked before the major run for the most part.

141
00:07:19,560 --> 00:07:24,760
That's probably my hope I'm talking, but it looks pretty good.

142
00:07:24,760 --> 00:07:32,920
Yeah, like here, sentiment definitely preceded price.

143
00:07:32,920 --> 00:07:34,840
You know, it's like you get the drastic spike up.

144
00:07:34,840 --> 00:07:40,840
So price seems to have been slightly delayed.

145
00:07:40,840 --> 00:07:45,680
Well, overall generalized mark up, but I don't know.

146
00:07:45,680 --> 00:07:52,960
I feel like everyone, but like how hard was it to feel better from like, you can only

147
00:07:52,960 --> 00:07:54,960
go up from rock bottom.

148
00:07:54,960 --> 00:08:01,740
It was pretty bad last few months.

149
00:08:01,740 --> 00:08:06,160
Some of the kind of indicators of risk, like you got with and popcat have marked up a little

150
00:08:06,160 --> 00:08:12,160
bit here, which have proceeded a move up typically.

151
00:08:12,160 --> 00:08:13,160
Yeah.

152
00:08:13,160 --> 00:08:17,160
I got with on here for some reason.

153
00:08:17,160 --> 00:08:20,160
Because you're not holding any.

154
00:08:20,160 --> 00:08:21,160
Yeah.

155
00:08:21,160 --> 00:08:24,160
Do you have to do dollars first?

156
00:08:24,160 --> 00:08:26,360
Oh yeah.

157
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That's stupid as well.

158
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I agree.

159
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Yeah.

160
00:08:32,040 --> 00:08:36,040
Not bad.

161
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Let's kill.

162
00:08:38,040 --> 00:08:42,600
I'll have to see.

163
00:08:42,600 --> 00:08:45,800
What's anything interesting in token mind.

164
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Sure.

165
00:08:46,800 --> 00:08:51,000
You don't expect.

166
00:08:51,000 --> 00:08:55,400
I don't know when if you were reporting last week, but I don't know if Sol with flipped

167
00:08:55,400 --> 00:08:58,640
eth in mind, probably down to the conference.

168
00:08:58,640 --> 00:09:00,920
I think it did.

169
00:09:00,920 --> 00:09:02,920
Look at that.

170
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Who dang.

171
00:09:06,680 --> 00:09:08,200
That is fucking crazy.

172
00:09:08,200 --> 00:09:12,680
It might be a copy signal right there.

173
00:09:12,680 --> 00:09:13,680
Nah.

174
00:09:13,680 --> 00:09:23,360
What's interesting about this is this token seems to have slipped under the radar of everyone

175
00:09:23,360 --> 00:09:27,520
else who is unknowingly sharing mood and content.

176
00:09:27,520 --> 00:09:35,240
And it's quite impressive that they've picked up on something, did that crazy voiceover

177
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where mood attacks his handler and stuff like that.

178
00:09:39,160 --> 00:09:43,880
I think it's in a Thai zoo or something.

179
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And then the powers that be, every market agency in the world has seen it.

180
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I had to latch onto it.

181
00:09:50,800 --> 00:09:54,280
Although I wouldn't be doing the job correctly, but I don't think they understand that there

182
00:09:54,280 --> 00:09:56,880
is a token attached to it.

183
00:09:56,880 --> 00:10:03,360
So that's why you're getting this ridiculous kind of mind share, I think.

184
00:10:03,360 --> 00:10:12,200
I'd probably say 0.1% of people who are talking about mood and know there's a mood and token.

185
00:10:12,200 --> 00:10:14,200
How do we convert the 99%?

186
00:10:14,200 --> 00:10:15,200
Exactly.

187
00:10:15,200 --> 00:10:17,880
That's why it's a billion dollars.

188
00:10:17,880 --> 00:10:25,360
Do you know what it means in Thai?

189
00:10:25,360 --> 00:10:33,920
Look pork.

190
00:10:33,920 --> 00:10:37,360
And then anyone has it against YFCT's of?

191
00:10:37,360 --> 00:10:38,360
Caroline.

192
00:10:38,360 --> 00:10:41,680
You only got two years.

193
00:10:41,680 --> 00:10:43,240
You guys think she deserves more.

194
00:10:43,240 --> 00:10:44,240
Yeah.

195
00:10:44,240 --> 00:10:45,240
There's a deal there.

196
00:10:45,240 --> 00:10:46,880
How much money has she scrolled away?

197
00:10:46,880 --> 00:10:48,480
It's got to go.

198
00:10:48,480 --> 00:10:49,480
Yeah.

199
00:10:49,480 --> 00:10:50,480
Well, she got waiting on the outside.

200
00:10:50,480 --> 00:10:52,800
It's probably worth the two years, isn't it?

201
00:10:52,800 --> 00:10:55,440
Yeah, she'll be out on good behavior after.

202
00:10:55,440 --> 00:10:56,840
Well she probably won't get good behavior.

203
00:10:56,840 --> 00:11:00,840
She's probably like that autistic that she pisses off everyone around.

204
00:11:00,840 --> 00:11:05,360
But she has to like four go 11 billion or something.

205
00:11:05,360 --> 00:11:06,640
I don't know if that's in.

206
00:11:06,640 --> 00:11:07,640
Oh dang.

207
00:11:07,640 --> 00:11:10,800
I don't know where she's getting 11 billion from.

208
00:11:10,800 --> 00:11:12,680
I didn't know she was worth that much.

209
00:11:12,680 --> 00:11:13,880
That's insane.

210
00:11:13,880 --> 00:11:27,920
Do you think Alameda, that might be like her proportion of Alameda equity that could have

211
00:11:27,920 --> 00:11:31,360
made investments in stuff like Anthropic and Sol and like.

212
00:11:31,360 --> 00:11:32,360
Oh, maybe.

213
00:11:32,360 --> 00:11:36,160
They made a shit ton of good bets, but they just spread and prayed everywhere.

214
00:11:36,160 --> 00:11:37,160
That's the problem.

215
00:11:37,160 --> 00:11:39,840
Yeah, it could just be that.

216
00:11:39,840 --> 00:11:44,360
I would have thought they would have gone after Alameda directly for that.

217
00:11:44,360 --> 00:11:46,360
Yeah, I don't know.

218
00:11:46,360 --> 00:11:47,360
And then.

219
00:11:47,360 --> 00:11:50,240
I mean, Popcat obviously hit a billion.

220
00:11:50,240 --> 00:11:52,080
So that's up there as well.

221
00:11:52,080 --> 00:11:55,160
But other than that.

222
00:11:55,160 --> 00:11:56,160
Narrative.

223
00:11:56,160 --> 00:12:03,120
Seems like we're getting this battle between these fuckers again, doesn't it?

224
00:12:03,120 --> 00:12:04,120
Define memes.

225
00:12:04,120 --> 00:12:06,040
Yeah, they swing back and forth.

226
00:12:06,040 --> 00:12:11,600
I know, but yeah, I still out on his own.

227
00:12:11,600 --> 00:12:13,600
All right, cool.

228
00:12:13,600 --> 00:12:14,600
Slides.

229
00:12:14,600 --> 00:12:15,600
Slides.

230
00:12:15,600 --> 00:12:17,600
Going to take us away.

231
00:12:17,600 --> 00:12:18,600
Oh, sure.

232
00:12:18,600 --> 00:12:23,320
Yeah, we can go to the what we're watching this week.

233
00:12:23,320 --> 00:12:28,600
So I wanted to bring up a report that Pango did on speculation.

234
00:12:28,600 --> 00:12:32,640
I think it's very interesting and people should start reading into this.

235
00:12:32,640 --> 00:12:36,360
Really good report and I love his writing, so go check it out.

236
00:12:36,360 --> 00:12:42,680
But the whole idea is around meme coins as a primitive, you know, like that speculation

237
00:12:42,680 --> 00:12:46,440
as a base layer that you can build other apps on top of.

238
00:12:46,440 --> 00:12:48,920
And I don't know, do you guys buy into that?

239
00:12:48,920 --> 00:12:51,120
Is that something that people want to do on chain?

240
00:12:51,120 --> 00:12:52,120
Is that something scalable?

241
00:12:52,120 --> 00:12:54,120
What do you think?

242
00:12:54,120 --> 00:12:56,680
Yeah, I think there's going to be an appetite for this.

243
00:12:56,680 --> 00:12:59,400
I think there already kind of is.

244
00:12:59,400 --> 00:13:03,000
I think as the bull market progresses, you're going to see a lot more people go into meme

245
00:13:03,000 --> 00:13:05,240
coins as their first port of call.

246
00:13:05,240 --> 00:13:10,520
And then if they can be introduced to other aspects of maybe DeFi on top of these, it

247
00:13:10,520 --> 00:13:12,120
could be a gateway drug.

248
00:13:12,120 --> 00:13:18,560
And I broadly think that obviously the IQ typically drops during the more euphoric stages.

249
00:13:18,560 --> 00:13:23,320
So if Bitcoin breaks out here and we start to really trend for that final kind of hurrah,

250
00:13:23,320 --> 00:13:27,280
you're going to get a lot of misallocation of capital, which we'll see as we're into

251
00:13:27,280 --> 00:13:28,280
the meme coin market.

252
00:13:28,280 --> 00:13:32,480
So if we can establish some good primitives around that, I think they could be good cooks

253
00:13:32,480 --> 00:13:35,160
overall to be honest.

254
00:13:35,160 --> 00:13:39,560
I haven't looked into too many myself as yet though.

255
00:13:39,560 --> 00:13:43,720
Bullish on whatever deck mentions the word meme fi first.

256
00:13:43,720 --> 00:13:51,040
Hasn't came across my desk just yet, but I like the idea of it.

257
00:13:51,040 --> 00:13:55,040
It's just an expansion on kind of what's came before it.

258
00:13:55,040 --> 00:14:02,520
I think a lot of this got tried in previous cycles, but either I'm quite surprised perps

259
00:14:02,520 --> 00:14:04,400
have got to where they are, to be honest.

260
00:14:04,400 --> 00:14:14,720
I'm really impressed with how far along the risk curve some platforms have gone with listing

261
00:14:14,720 --> 00:14:16,560
some absolutely ridiculous memes.

262
00:14:16,560 --> 00:14:22,720
You've got to understand that on-chain exchanges and centralized exchanges, they're running

263
00:14:22,720 --> 00:14:27,160
perps, they're usually making an absolutely fuck ton through their liquidation engine

264
00:14:27,160 --> 00:14:28,160
as well.

265
00:14:28,160 --> 00:14:34,000
So you can see why they want to list the likes of your octa iPhones and things like that

266
00:14:34,000 --> 00:14:37,320
of the world.

267
00:14:37,320 --> 00:14:39,040
There is another one called BlonkFi.

268
00:14:39,040 --> 00:14:41,720
Yeah, you mentioned that.

269
00:14:41,720 --> 00:14:46,120
There's an article in the works we've got coming out, but I'm just starting to see this

270
00:14:46,120 --> 00:14:47,120
a lot more.

271
00:14:47,120 --> 00:14:53,840
I've seen a really, really interesting, it's kind of in this vein, but I suppose it's just

272
00:14:53,840 --> 00:14:59,640
like more of an expansion on the bonding curve aspect of it where you could basically sell

273
00:14:59,640 --> 00:15:04,000
what's the best way to describe it.

274
00:15:04,000 --> 00:15:10,240
Let's say you posted a banger tweet and I came across it on the timeline, I had like

275
00:15:10,240 --> 00:15:15,640
four likes, then I could take that link to post it into this protocol, which I can't

276
00:15:15,640 --> 00:15:16,640
name yet.

277
00:15:16,640 --> 00:15:20,400
I feel like a beta test for the labs, so I'll drop it in.

278
00:15:20,400 --> 00:15:21,400
That'd be cool.

279
00:15:21,400 --> 00:15:22,400
Nice.

280
00:15:22,400 --> 00:15:29,640
And then if that tweet is a banger, you can bet on if it's going to do well or not.

281
00:15:29,640 --> 00:15:31,640
It's not going to be restricted to Twitter as well.

282
00:15:31,640 --> 00:15:37,680
It can be like the initial image from Reddit or Fortune or whatever.

283
00:15:37,680 --> 00:15:43,040
So you get really to the essence of the original source of the domain.

284
00:15:43,040 --> 00:15:44,360
Yeah, that's cool.

285
00:15:44,360 --> 00:15:49,680
Because then you'd only have instances where you're getting two Neeros getting listed.

286
00:15:49,680 --> 00:15:50,680
Right.

287
00:15:50,680 --> 00:15:54,240
So that's like another thing, there's all this expansion off the back of it.

288
00:15:54,240 --> 00:15:58,640
But this, yeah, I like it.

289
00:15:58,640 --> 00:16:02,640
You kind of see that last cycle cream started listing a lot of exotic assets.

290
00:16:02,640 --> 00:16:09,560
Problem is in a downturn, it can be quite prone to manipulation and some serious kind of protocol

291
00:16:09,560 --> 00:16:12,920
bad debt amounting up to give it a lot of run-of-paps or something.

292
00:16:12,920 --> 00:16:14,800
So yeah, I'm all for it.

293
00:16:14,800 --> 00:16:18,320
The more the general, the better, to be honest.

294
00:16:18,320 --> 00:16:22,920
I've seen the Camino as well for their V2 are going to have meme baskets as well on

295
00:16:22,920 --> 00:16:23,920
there.

296
00:16:23,920 --> 00:16:28,520
So they're pushing towards that a bit more as well, how they manage the risk on that,

297
00:16:28,520 --> 00:16:29,520
I'm not sure.

298
00:16:29,520 --> 00:16:33,120
But yeah, you can see it as a broad narrative.

299
00:16:33,120 --> 00:16:34,120
It's growing slowly here.

300
00:16:34,120 --> 00:16:37,480
And I think it's a gateway drug, to be honest.

301
00:16:37,480 --> 00:16:44,040
I think it will be really interesting to see what type of games and what kind of obfuscation

302
00:16:44,040 --> 00:16:49,280
you can get on top of memes, because there's that innate drive to gamble.

303
00:16:49,280 --> 00:16:55,600
And if you can make it fun and make it so you can earn, instead of losing 99% of pumped

304
00:16:55,600 --> 00:17:02,040
out fun tokens, you can win maybe once in a while and make that a fun experience.

305
00:17:02,040 --> 00:17:03,040
Yeah, yeah, exactly.

306
00:17:03,040 --> 00:17:05,280
Give you rebates, make it a good, pleasurable experience.

307
00:17:05,280 --> 00:17:08,120
I think there's a lot of room to expand there.

308
00:17:08,120 --> 00:17:11,760
Moving into some crazy dopamine territory.

309
00:17:11,760 --> 00:17:12,760
Exactly.

310
00:17:12,760 --> 00:17:15,120
I mean, it's like a casino, but it's more fun.

311
00:17:15,120 --> 00:17:18,840
I need 50% of my shitters quickly.

312
00:17:18,840 --> 00:17:22,240
At least it's perceived that the odds are in your favor.

313
00:17:22,240 --> 00:17:25,480
Yeah, the token is bundled 99%.

314
00:17:25,480 --> 00:17:30,320
It's like technically a 1% blow up, you know?

315
00:17:30,320 --> 00:17:32,600
I absolutely love this thumbnail as well.

316
00:17:32,600 --> 00:17:33,600
I think it's the best question.

317
00:17:33,600 --> 00:17:34,600
Yeah, it's cool.

318
00:17:34,600 --> 00:17:35,600
So cool.

319
00:17:35,600 --> 00:17:36,600
All right, cool.

320
00:17:36,600 --> 00:17:40,200
Yeah, I think it's here to stay.

321
00:17:40,200 --> 00:17:42,400
I think it's going to get even more interesting.

322
00:17:42,400 --> 00:17:45,000
Yeah, all parts.

323
00:17:45,000 --> 00:17:47,800
Yeah, go read the piece.

324
00:17:47,800 --> 00:17:51,120
But he had some questions like follow up stuff.

325
00:17:51,120 --> 00:17:53,520
Are meme coins still a Fugazi asset class?

326
00:17:53,520 --> 00:17:55,680
And I think I need some translation help there.

327
00:17:55,680 --> 00:17:56,680
It's a Fugazi.

328
00:17:56,680 --> 00:17:57,680
It's a Woozy.

329
00:17:57,680 --> 00:17:58,680
It's a Woozy.

330
00:17:58,680 --> 00:17:59,680
We're seeing.

331
00:17:59,680 --> 00:18:06,760
We're seeing deeper integration to DeFi protocols, gamification systems, and increasing sophistication

332
00:18:06,760 --> 00:18:08,880
for marketing teams.

333
00:18:08,880 --> 00:18:09,880
Please discuss.

334
00:18:09,880 --> 00:18:26,800
Or have meme coins just shown that all coins are memes/

335
00:18:26,800 --> 00:18:31,440
We've seen a lot of shit that clearly like we've got a lot of useless governance tokens

336
00:18:31,440 --> 00:18:32,680
in crypto.

337
00:18:32,680 --> 00:18:36,160
And thankfully, they haven't really caught a bit at all this cycle because people are

338
00:18:36,160 --> 00:18:39,600
just saying, "What's a meme coin?" without stating it's a meme coin.

339
00:18:39,600 --> 00:18:44,680
So I think it's been good in a way to ensure that teams who are actually got tokens and

340
00:18:44,680 --> 00:18:48,400
making their tokens worthwhile holding, there has to be an actual utility.

341
00:18:48,400 --> 00:18:51,440
Governance is absolute bollocks.

342
00:18:51,440 --> 00:18:56,640
But the memes broadly are just these community aspects to them.

343
00:18:56,640 --> 00:19:01,700
There is something that you can't really put a financial amount on top of.

344
00:19:01,700 --> 00:19:05,280
You can't really do like a P/E ratio on how good the vias are, etc.

345
00:19:05,280 --> 00:19:09,160
But there's lightning in a bottle for some of them.

346
00:19:09,160 --> 00:19:10,680
How do you value?

347
00:19:10,680 --> 00:19:15,520
How do you value like the MoG community is obviously valuable.

348
00:19:15,520 --> 00:19:18,920
They've kind of transcended this a little bit as Pango stated though, because MoG's done

349
00:19:18,920 --> 00:19:24,640
like community and like marketing support for a few projects like Slingshot, Photon.

350
00:19:24,640 --> 00:19:29,840
They've had a few endeavors and then they've obviously got a huge community of probably

351
00:19:29,840 --> 00:19:31,040
gone and used these products.

352
00:19:31,040 --> 00:19:37,560
So I think there's some good crossover there to be had, but it is obviously an asset class

353
00:19:37,560 --> 00:19:40,000
that is new and emerging.

354
00:19:40,000 --> 00:19:45,120
And so this is why it's profitable to trade because there's no kind of upper bound on

355
00:19:45,120 --> 00:19:47,400
it at the moment capping it.

356
00:19:47,400 --> 00:19:51,480
So I think it's just one of those things that even if you don't understand it, I think there's

357
00:19:51,480 --> 00:19:55,920
opportunities to still trade the tickers.

358
00:19:55,920 --> 00:20:03,480
Yeah I think just with any kind of major narrative, like obviously you're flashing the pattern

359
00:20:03,480 --> 00:20:08,720
narratives around for like a couple of weeks and more sustained narratives like crypto

360
00:20:08,720 --> 00:20:13,320
AI, memes, defies, having a resurgence now.

361
00:20:13,320 --> 00:20:21,440
If you're a product manager or you're a founder and you're not finding a way during such side

362
00:20:21,440 --> 00:20:27,640
ways downwards depressing action across the board if you're not, if you're talking is not

363
00:20:27,640 --> 00:20:28,640
in that category.

364
00:20:28,640 --> 00:20:33,480
If you're not finding a way to kind of shoehorn yourself into the conversation, you're not

365
00:20:33,480 --> 00:20:38,120
doing the job correctly in my opinion.

366
00:20:38,120 --> 00:20:43,500
You've seen everyone like kind of position themselves closer towards it once everyone

367
00:20:43,500 --> 00:20:45,200
realized that it was okay.

368
00:20:45,200 --> 00:20:49,560
Like you got to think back to like October 2023 and stuff when Bong started moving.

369
00:20:49,560 --> 00:20:52,840
Everyone was still like, oh, we can't touch memes.

370
00:20:52,840 --> 00:20:57,760
And then like the gloves just completely came off and then finance have been listening them

371
00:20:57,760 --> 00:21:00,280
excessively.

372
00:21:00,280 --> 00:21:03,000
I think that's kind of what we've said previously on here.

373
00:21:03,000 --> 00:21:08,720
It's like, well, at least, well, this is the opposite end of the spectrum of the dogshit

374
00:21:08,720 --> 00:21:13,680
they've been listing that fucking 10 billion fdv with 1% float.

375
00:21:13,680 --> 00:21:16,480
It's completely opposite, even though it's not, because probably the same fucking thing

376
00:21:16,480 --> 00:21:20,520
because the team probably owns 99% of the tokens anyway.

377
00:21:20,520 --> 00:21:23,120
But at least on paper, it looks transparent.

378
00:21:23,120 --> 00:21:28,720
And then I suppose the one that really wraps all of this up and still does extremely well

379
00:21:28,720 --> 00:21:32,960
despite utility being bearish for memes is Bong.

380
00:21:32,960 --> 00:21:36,720
Like the amount of like sub products that they've got going on currently, like Bongbot

381
00:21:36,720 --> 00:21:39,680
is an absolute fucking money printer.

382
00:21:39,680 --> 00:21:41,840
And they've just a file for an ETP.

383
00:21:41,840 --> 00:21:44,400
Yeah, that's crazy.

384
00:21:44,400 --> 00:21:48,680
So like, I don't know, it's, I think it's here to stay.

385
00:21:48,680 --> 00:21:56,200
And I think it's more, we've came like real full circle with regards to people pretending

386
00:21:56,200 --> 00:22:03,840
they're investing something like from a notable cause to the point of everyone's gotten an

387
00:22:03,840 --> 00:22:05,880
eighth desire to speculate.

388
00:22:05,880 --> 00:22:11,880
And it's just the stories that you tell yourself have become less and less, exactly, kind of

389
00:22:11,880 --> 00:22:12,880
philosophical.

390
00:22:12,880 --> 00:22:16,400
Well, it's the raw form of speculation you're admitting to yourself.

391
00:22:16,400 --> 00:22:19,600
Yeah, you're speculating and yeah, right.

392
00:22:19,600 --> 00:22:20,600
I agree.

393
00:22:20,600 --> 00:22:24,720
So are we witnessing something similar to poker and crypto?

394
00:22:24,720 --> 00:22:27,600
Because poker dried up because all the good players kept getting better and the new money

395
00:22:27,600 --> 00:22:32,320
got sick of being robbed in their terms of delta between the good and bad players has

396
00:22:32,320 --> 00:22:34,000
increased.

397
00:22:34,000 --> 00:22:40,560
Is there some kind of separation that we see in meme coins too?

398
00:22:40,560 --> 00:22:44,680
The good players are the only ones making money and everyone else loses.

399
00:22:44,680 --> 00:22:49,320
I just think generally over time, what we've seen is it's been a lot more difficult to

400
00:22:49,320 --> 00:22:53,720
catch stuff early and things are repriced very quick, which makes you think that it's just

401
00:22:53,720 --> 00:22:56,680
massively inside jobs, like for 99% of stuff now.

402
00:22:56,680 --> 00:23:04,440
So which is probably true from the outset, but maybe we weren't as aware back then.

403
00:23:04,440 --> 00:23:08,960
People noticed that it's a profitable business to spin up these meme coins.

404
00:23:08,960 --> 00:23:11,480
And that wasn't as corporate before.

405
00:23:11,480 --> 00:23:12,480
Yeah.

406
00:23:12,480 --> 00:23:19,720
It's just a standard power law whenever there's money to be made, like the edge gets eroded.

407
00:23:19,720 --> 00:23:26,800
People find ways and it's just typically how things go.

408
00:23:26,800 --> 00:23:29,400
I've said it many, many a time.

409
00:23:29,400 --> 00:23:31,280
The new arena needs to be created.

410
00:23:31,280 --> 00:23:33,360
Like the new game needs to be played.

411
00:23:33,360 --> 00:23:42,200
And as we mentioned, fucking it feels like months ago now when Pump technically topped.

412
00:23:42,200 --> 00:23:47,120
That's because everyone knew that game and everyone knows that game inside out now.

413
00:23:47,120 --> 00:23:48,480
So there needs to be something new.

414
00:23:48,480 --> 00:23:53,920
It needs to be like that new form of game that everyone hasn't figured out.

415
00:23:53,920 --> 00:23:57,080
And then the edge is large enough for early adopters to make money.

416
00:23:57,080 --> 00:24:00,040
And then it just slowly erodes over time, just the same as anything.

417
00:24:00,040 --> 00:24:01,040
Yeah.

418
00:24:01,040 --> 00:24:06,120
I think that's part of his point in the piece is that you need those layers of obfuscation.

419
00:24:06,120 --> 00:24:09,400
So no one really knows the best way to play the game.

420
00:24:09,400 --> 00:24:11,280
You have people trying new things.

421
00:24:11,280 --> 00:24:15,360
And yeah, I think it's just a natural next step.

422
00:24:15,360 --> 00:24:18,880
Do you think this gives you like eyes open?

423
00:24:18,880 --> 00:24:23,640
Like does this prevent a blow off top in the future or does everybody get swept in speculation

424
00:24:23,640 --> 00:24:26,000
again?

425
00:24:26,000 --> 00:24:30,080
I think there's going to be blow off tops on memes for sure.

426
00:24:30,080 --> 00:24:35,680
Just this and like AI are the only two baskets that I just I know we're going to see vertical

427
00:24:35,680 --> 00:24:37,280
price action at the end.

428
00:24:37,280 --> 00:24:40,000
Like they're just going to go straight up.

429
00:24:40,000 --> 00:24:45,040
I think they're just attractive areas to invest into and like doesn't take any explanation.

430
00:24:45,040 --> 00:24:49,600
People who have bought crypto for the first time that I've spoken to this cycle, a lot

431
00:24:49,600 --> 00:24:54,440
of them have allocated into meme coin straight away because inherently crypto broadly is

432
00:24:54,440 --> 00:24:55,680
quite boring, isn't it?

433
00:24:55,680 --> 00:24:58,760
And people don't want to take the time to learn about XYZ.

434
00:24:58,760 --> 00:25:00,920
They just want to see, oh, this is a cute picture.

435
00:25:00,920 --> 00:25:03,480
I've seen this on TikTok or whatever.

436
00:25:03,480 --> 00:25:07,440
I've bought the coin and I've got a connection to my viral TikTok.

437
00:25:07,440 --> 00:25:08,600
I enjoy that kind of thing.

438
00:25:08,600 --> 00:25:10,920
That's what I've seen has happened.

439
00:25:10,920 --> 00:25:13,840
And then with that, you've had like the growth of the liquidity of these as well.

440
00:25:13,840 --> 00:25:18,400
Just being really interesting because you can clip in and clip out of those meme coins

441
00:25:18,400 --> 00:25:20,280
a lot easier than you could do something like tau.

442
00:25:20,280 --> 00:25:25,320
I just want to bring up this chart to see if it's going to illustrate the point that

443
00:25:25,320 --> 00:25:26,640
I'm thinking of in my head.

444
00:25:26,640 --> 00:25:48,760
So I keep comparing what's just previously gone by with DeFi Summer and then the lull

445
00:25:48,760 --> 00:25:57,840
that we had leading into the next big leg up has I think now just passed us by.

446
00:25:57,840 --> 00:26:03,200
So all being well, you get real start of cycle shift.

447
00:26:03,200 --> 00:26:13,760
And where I think we've probably had this area of DeFi Summer initial blow off top locally,

448
00:26:13,760 --> 00:26:17,200
and then this consolidation before continuation.

449
00:26:17,200 --> 00:26:20,880
And Link, just thinking back for what you were just saying that it reminds me of what

450
00:26:20,880 --> 00:26:21,880
was happening there.

451
00:26:21,880 --> 00:26:26,200
So you had all this like absolutely fucking ridiculousness like food trial and Ponzi.

452
00:26:26,200 --> 00:26:29,240
Link was at the centerfold of it.

453
00:26:29,240 --> 00:26:34,000
Everyone thinks it's all over there.

454
00:26:34,000 --> 00:26:38,960
Then you're kind of waiting for this next phase of well, what survived, what stayed

455
00:26:38,960 --> 00:26:44,960
active, what definitely still has kind of, you know, still got room to move.

456
00:26:44,960 --> 00:26:50,800
And I think that's probably where this probably 10 to 20 memes that will probably go on and

457
00:26:50,800 --> 00:26:52,400
continue this next leg up now.

458
00:26:52,400 --> 00:26:55,200
And it'll probably be quite explosive, I think.

459
00:26:55,200 --> 00:27:01,920
I don't necessarily think it'd be wise to try and pick something that has to start from

460
00:27:01,920 --> 00:27:02,920
zero to go.

461
00:27:02,920 --> 00:27:06,120
Obviously, you get the things like fucking mood and stuff like that.

462
00:27:06,120 --> 00:27:07,120
It's absolutely ripped.

463
00:27:07,120 --> 00:27:14,840
But I do think there's probably another leg left in the upper echelons of the memes.

464
00:27:14,840 --> 00:27:16,920
It's just when they decide to continue.

465
00:27:16,920 --> 00:27:25,240
It looks like someone on the site has already like popcats just hit a billion.

466
00:27:25,240 --> 00:27:29,080
What do you think for like, obviously price predictions are kind of a ridiculous thing

467
00:27:29,080 --> 00:27:33,680
to do, but what do you think they'll, we'll see some tops up?

468
00:27:33,680 --> 00:27:38,160
Because you've got Ansem's coming cheek posting under a billion for stuff, which is just,

469
00:27:38,160 --> 00:27:39,560
I think he's laughing anyway.

470
00:27:39,560 --> 00:27:43,880
But that is so much money to come into the system.

471
00:27:43,880 --> 00:27:44,880
Yeah, it's crazy.

472
00:27:44,880 --> 00:27:47,240
But it's like so much money.

473
00:27:47,240 --> 00:27:51,240
He's got like some of the coins to it, 100, 200 X from here.

474
00:27:51,240 --> 00:27:56,880
I think people will be literally buying islands in the Caribbean at that point.

475
00:27:56,880 --> 00:28:00,000
You'd need COVID like environments of stimulus.

476
00:28:00,000 --> 00:28:04,280
So that's what happened, in my opinion.

477
00:28:04,280 --> 00:28:05,360
Things can get crazy.

478
00:28:05,360 --> 00:28:12,040
Like if we just have a little look at like market cap all time high of Doge.

479
00:28:12,040 --> 00:28:17,480
Like in 86 billion or whatever.

480
00:28:17,480 --> 00:28:24,720
That is absolutely fucking insane.

481
00:28:24,720 --> 00:28:31,800
And then ship did, I think ship flipped it once did it?

482
00:28:31,800 --> 00:28:34,920
I'm not mistaken.

483
00:28:34,920 --> 00:28:38,440
Ship did 40, 41 billion.

484
00:28:38,440 --> 00:28:39,440
That's crazy.

485
00:28:39,440 --> 00:28:47,000
What's the timeframe a few, like how many months did it go from like one to 40?

486
00:28:47,000 --> 00:28:52,360
That major consolidation just before September 21.

487
00:28:52,360 --> 00:28:53,360
Yeah.

488
00:28:53,360 --> 00:28:57,360
So like that, maybe that's just listing though.

489
00:28:57,360 --> 00:28:58,360
Yeah.

490
00:28:58,360 --> 00:29:01,960
Then the next consolidation is May through to September.

491
00:29:01,960 --> 00:29:04,440
I must have three, three bell on there.

492
00:29:04,440 --> 00:29:06,760
And it goes from three to 40.

493
00:29:06,760 --> 00:29:10,880
That's November.

494
00:29:10,880 --> 00:29:11,880
But then there was loads.

495
00:29:11,880 --> 00:29:18,720
There was like, uh, Doge, Lamaze went to a multiple fucking flockey.

496
00:29:18,720 --> 00:29:19,920
What was the scam one?

497
00:29:19,920 --> 00:29:21,640
They're all rocking.

498
00:29:21,640 --> 00:29:25,040
No, no, the, um, that is not a scam.

499
00:29:25,040 --> 00:29:27,880
That's fucking future friends.

500
00:29:27,880 --> 00:29:31,400
What was the one they got jailed for?

501
00:29:31,400 --> 00:29:39,880
So if you are, super moon, super moon, safe moon, safe moon.

502
00:29:39,880 --> 00:29:44,400
Wasn't that like 10% buying 10% settle talk?

503
00:29:44,400 --> 00:29:45,400
Amazing.

504
00:29:45,400 --> 00:29:52,840
I suppose that only went to three, three billion, but like even me saying that out of my mouth,

505
00:29:52,840 --> 00:29:58,800
I sound like that's probably the stupidest thing I've ever seen in weeks.

506
00:29:58,800 --> 00:30:02,640
Only went to 3 billion.

507
00:30:02,640 --> 00:30:07,640
So she gets wild and like, if you're coming into this thinking, yeah, there's no such

508
00:30:07,640 --> 00:30:13,040
thing as a bull market, like, yeah, that's fucking crazy.

509
00:30:13,040 --> 00:30:14,800
We'll be using those T WAP functions on Jupiter.

510
00:30:14,800 --> 00:30:15,800
I'll tell you that.

511
00:30:15,800 --> 00:30:16,800
Yeah.

512
00:30:16,800 --> 00:30:21,560
As soon as I guess hectic, I'll be like 30 days, sell the whole lot.

513
00:30:21,560 --> 00:30:24,040
I'll take my average.

514
00:30:24,040 --> 00:30:25,040
Yeah.

515
00:30:25,040 --> 00:30:27,040
Go read that piece.

516
00:30:27,040 --> 00:30:33,080
I think it's a good idea to start thinking about meme five as a real thing.

517
00:30:33,080 --> 00:30:36,120
Which layers can you add on top of speculation?

518
00:30:36,120 --> 00:30:38,280
Anyway, let's move on.

519
00:30:38,280 --> 00:30:41,680
Because I do want to get to this.

520
00:30:41,680 --> 00:30:42,680
Yes.

521
00:30:42,680 --> 00:30:43,680
Right.

522
00:30:43,680 --> 00:30:48,480
I'll go through each of these points and expand, but if you want anything expanding on, if

523
00:30:48,480 --> 00:30:53,040
there's any expansion questions in chat, just feel free.

524
00:30:53,040 --> 00:31:02,560
But I can't believe everyone, like every kind of thread account is now a KOL marketing agency.

525
00:31:02,560 --> 00:31:07,160
So maybe it isn't that threaders have been destroyed by the algorithm.

526
00:31:07,160 --> 00:31:10,040
I think they've got tired of working for the man.

527
00:31:10,040 --> 00:31:12,120
Now they want to be the man.

528
00:31:12,120 --> 00:31:15,000
Which is quite interesting.

529
00:31:15,000 --> 00:31:21,200
Solana break point was, I can't remember who said it and they put it in really, really

530
00:31:21,200 --> 00:31:22,200
good terms.

531
00:31:22,200 --> 00:31:28,160
Token 2049 felt like a top signal and break point felt like a bottom signal.

532
00:31:28,160 --> 00:31:34,440
And I think why that was is because I think when you get to these conferences, you need

533
00:31:34,440 --> 00:31:40,840
to be like, despite our industry being niche, you need to go niche again with regards to

534
00:31:40,840 --> 00:31:46,720
a conference because what you're getting at token was a fucking Bitcoin wallet next to

535
00:31:46,720 --> 00:31:54,880
a multi-sig on suey next to like some payments app next to like this Bitcoin L2.

536
00:31:54,880 --> 00:31:56,880
I've never, it just didn't make any sense.

537
00:31:56,880 --> 00:32:00,800
And it just, you just knew that these people had raised like way too much money.

538
00:32:00,800 --> 00:32:03,280
They're never going to deliver anything.

539
00:32:03,280 --> 00:32:09,720
And they were just paying token 2049 and a ridiculous sum to be showing face effectively.

540
00:32:09,720 --> 00:32:14,800
Then Solana on the other hand, just felt really coordinated with regards to the positioning

541
00:32:14,800 --> 00:32:17,560
of everything. All the game projects are in certain space.

542
00:32:17,560 --> 00:32:20,560
All the divide projects are in certain space.

543
00:32:20,560 --> 00:32:25,120
PayPal had a huge presence there. Circle had a huge presence there.

544
00:32:25,120 --> 00:32:28,520
I think those two are going to talk to.

545
00:32:28,520 --> 00:32:33,200
And the talks were a lot better in my opinion.

546
00:32:33,200 --> 00:32:38,320
The fire dancer talk, the room was absolutely packed that Kevin Bowers is probably the smartest

547
00:32:38,320 --> 00:32:41,520
man I've ever listened to in person.

548
00:32:41,520 --> 00:32:50,960
He also sounds like he's reading an audio book 24/7, which is kind of crazy as well.

549
00:32:50,960 --> 00:32:56,480
So that has gone live in a non-voting mode on Mainnet.

550
00:32:56,480 --> 00:32:58,120
It's live on testnet currently.

551
00:32:58,120 --> 00:33:03,080
And then they've got this kind of Franken dancer, which was like an earlier iteration

552
00:33:03,080 --> 00:33:11,160
of fire dancer that is live in full alpha on Mainnet as well.

553
00:33:11,160 --> 00:33:21,400
They're actually starting to push the limits of what's physically capable with regards

554
00:33:21,400 --> 00:33:27,320
to hardware, not just in this industry globally and across any tech.

555
00:33:27,320 --> 00:33:36,880
So they're looking at building out their own fiber optics and all kind of like dark fiber

556
00:33:36,880 --> 00:33:46,480
and hardware to actually make this client run at breakneck speed, which is kind of fucking

557
00:33:46,480 --> 00:33:49,400
insane when you think about it.

558
00:33:49,400 --> 00:33:54,080
And then you listen to these people speak and it's just like, you feel a bit like shit

559
00:33:54,080 --> 00:33:57,080
because you're like, I will never be that smart.

560
00:33:57,080 --> 00:34:00,840
I will just never ever, ever be that smart about anything.

561
00:34:00,840 --> 00:34:06,240
But it's really inspiring, even if you don't understand about 3% of what he's saying.

562
00:34:06,240 --> 00:34:12,800
It's really good to see someone so passionate about something that's so kind of big brain.

563
00:34:12,800 --> 00:34:17,560
Sonic and Phantom, we're going to use chat mouse rules for whatever comes out my mouth

564
00:34:17,560 --> 00:34:18,560
next.

565
00:34:18,560 --> 00:34:25,600
You can say what I say, but don't say who said it.

566
00:34:25,600 --> 00:34:29,840
Apparently I did a lot of cocktails this night, but I was speaking to somebody who works there

567
00:34:29,840 --> 00:34:35,720
and they've called a drastic amount of the staff that were working at Phantom just to

568
00:34:35,720 --> 00:34:40,360
clear out any of the dead wood so they can move really quick.

569
00:34:40,360 --> 00:34:44,200
That is ultra bullish for me because looking at some of these and speaking with these kind

570
00:34:44,200 --> 00:34:49,720
of ecosystems all day, every day, all of them have no fucking idea what's going on.

571
00:34:49,720 --> 00:34:52,480
They look great from the outside looking in and then when you deal with them behind the

572
00:34:52,480 --> 00:34:54,960
scenes, they're all fucking complete idiots.

573
00:34:54,960 --> 00:34:59,680
So if you ever feel like you're kind of not moving in the right direction or you're kind

574
00:34:59,680 --> 00:35:04,200
of being a little bit hard on yourself at work or you start up or whatever the fuck you're

575
00:35:04,200 --> 00:35:07,040
doing, nobody has a clue what's going on.

576
00:35:07,040 --> 00:35:12,320
So Sonic and Phantom have recognized like half the team, why they're dead wood and just

577
00:35:12,320 --> 00:35:13,320
called it.

578
00:35:13,320 --> 00:35:19,320
So as soon as I heard that, I was like, right, I like the direction I thought this is moving.

579
00:35:19,320 --> 00:35:27,000
The Bitensor community, we did a meetup where there were about five micro presentations

580
00:35:27,000 --> 00:35:29,480
of like five to seven minutes each.

581
00:35:29,480 --> 00:35:30,480
It was extremely packed.

582
00:35:30,480 --> 00:35:32,080
It was extremely active.

583
00:35:32,080 --> 00:35:34,560
It wasn't like someone talking to a crowd and then there was no questions.

584
00:35:34,560 --> 00:35:39,080
Like there was a lot of back and forth with the audience.

585
00:35:39,080 --> 00:35:43,880
They did it through the day, which I think is the move.

586
00:35:43,880 --> 00:35:48,400
You've got to like if you do the events on the night, it's a bit of a dick measuring

587
00:35:48,400 --> 00:35:53,240
contest and it's a bit kind of you can't speak to anyone properly.

588
00:35:53,240 --> 00:35:57,600
And it felt like when you walked in, it was full of extremely serious builders that knew

589
00:35:57,600 --> 00:36:02,320
what they were fucking doing and didn't feel like it felt less tacky is the way it's kind

590
00:36:02,320 --> 00:36:03,320
of described it.

591
00:36:03,320 --> 00:36:08,840
And as soon as I kind of seen that I was kind of born trading just to buy as much as I physically

592
00:36:08,840 --> 00:36:11,120
could get my hands on.

593
00:36:11,120 --> 00:36:14,360
But that was like that was the most impressive thing I seen.

594
00:36:14,360 --> 00:36:15,920
Hyper liquid is a close second.

595
00:36:15,920 --> 00:36:21,760
They're kind of hyper collective, which is like a grassroots kind of community that building

596
00:36:21,760 --> 00:36:23,560
in and around that ecosystem.

597
00:36:23,560 --> 00:36:31,320
I think Kirby, Kirby crypto is at the helm there or it's like a point of contact there.

598
00:36:31,320 --> 00:36:33,600
People are super enthusiastic about what's going on there.

599
00:36:33,600 --> 00:36:39,280
And I think a lot of it does come back to some kind of philosophical sense that if these

600
00:36:39,280 --> 00:36:48,320
guys get it right, it could be like one of the last chances of a true D5 protocol being

601
00:36:48,320 --> 00:36:51,000
launched on relatively fair terms.

602
00:36:51,000 --> 00:36:57,320
Put up against a backdrop of what we've seen recently with fundraisers and just being absolutely

603
00:36:57,320 --> 00:36:59,480
fucking ridiculous.

604
00:36:59,480 --> 00:37:00,480
So that's really impressive.

605
00:37:00,480 --> 00:37:01,480
It's really impressive.

606
00:37:01,480 --> 00:37:06,840
It feels like the ending of an infra cycle and apps are starting to come online, but they're

607
00:37:06,840 --> 00:37:10,760
still not ready yet, in my opinion.

608
00:37:10,760 --> 00:37:16,680
Siri and Aptos looks like they're just enough again so you can spend the most money competition.

609
00:37:16,680 --> 00:37:27,680
Like Siri, they made the most of their announcements over the conferences and Aptos, their founder

610
00:37:27,680 --> 00:37:32,440
looks like he's just being kicked through fucking Raf Simmons every single time I see

611
00:37:32,440 --> 00:37:33,440
him.

612
00:37:33,440 --> 00:37:40,440
He looks like some weird vampire dude in weird dresses.

613
00:37:40,440 --> 00:37:44,360
And they apparently have spent like half a million on an event at one of the biggest

614
00:37:44,360 --> 00:37:47,120
clubs in Singapore.

615
00:37:47,120 --> 00:37:50,080
She's like, "Alright, cool.

616
00:37:50,080 --> 00:37:52,280
I think Pudgy Penguins is all smoke and mirrors."

617
00:37:52,280 --> 00:37:53,280
Really?

618
00:37:53,280 --> 00:37:54,280
Yeah.

619
00:37:54,280 --> 00:38:06,840
I think Luke is extremely smart, but I think something's going to give there quite soon.

620
00:38:06,840 --> 00:38:09,760
There was more side events than users.

621
00:38:09,760 --> 00:38:14,920
There's about 800 side events to put into context.

622
00:38:14,920 --> 00:38:18,200
Monad versus Barret Chain versus Movement will be a battle.

623
00:38:18,200 --> 00:38:23,240
I spoke to a lot of builders who were building on one of these and they have quite a negative

624
00:38:23,240 --> 00:38:27,360
opinion of the other two.

625
00:38:27,360 --> 00:38:30,160
So that's going to happen.

626
00:38:30,160 --> 00:38:34,480
There's going to be a lot of fucking users just farm it as much as you physically can.

627
00:38:34,480 --> 00:38:39,760
And Barret Chain have anything going for them.

628
00:38:39,760 --> 00:38:45,920
If and when they do the airdrop, which they will, they already have the casino built for

629
00:38:45,920 --> 00:38:50,680
the money to stay in the casino because there's going to be so many apps that are just battle

630
00:38:50,680 --> 00:38:55,720
tested already on testnet that will be live on day one that you're not going to get a

631
00:38:55,720 --> 00:38:58,880
situation like that happened on blast where there was like a two week queue for people

632
00:38:58,880 --> 00:39:03,200
to get out the door because there wasn't any casino games to really be played.

633
00:39:03,200 --> 00:39:04,200
So that's really interesting.

634
00:39:04,200 --> 00:39:10,880
Although I did hear some people are a little bit getting cold feet with regards to building

635
00:39:10,880 --> 00:39:14,040
in the ecosystem off the record, obviously.

636
00:39:14,040 --> 00:39:15,040
Really?

637
00:39:15,040 --> 00:39:17,480
Just from support or what?

638
00:39:17,480 --> 00:39:19,960
Yeah, a bit.

639
00:39:19,960 --> 00:39:20,960
Yeah.

640
00:39:20,960 --> 00:39:21,960
Interesting.

641
00:39:21,960 --> 00:39:27,640
But yeah, I think that's less than any questions.

642
00:39:27,640 --> 00:39:30,880
What did you make of all the within the breakpoint talks?

643
00:39:30,880 --> 00:39:36,480
Now, a lot of it was apps getting their time to really pitch themselves.

644
00:39:36,480 --> 00:39:42,520
And I think it shone a spotlight on the development Sol had made in terms of like mobile and a

645
00:39:42,520 --> 00:39:47,760
lot of from being an observer from home, like I watched most of the breakpoint talks back

646
00:39:47,760 --> 00:39:53,000
and I just saw, OK, there's a lot more being built here than I think was like publicly

647
00:39:53,000 --> 00:39:54,720
known up to this point.

648
00:39:54,720 --> 00:39:57,760
I didn't realize they were that far down the rabbit hole with mobile.

649
00:39:57,760 --> 00:40:04,120
And obviously, as the mobile first aficionado of the group chat here and the facts, as you

650
00:40:04,120 --> 00:40:08,160
said in your takeaways, Asia is going to be the hub of crypto.

651
00:40:08,160 --> 00:40:09,160
Yeah.

652
00:40:09,160 --> 00:40:10,760
And everyone over there has a mobile on their hand.

653
00:40:10,760 --> 00:40:16,760
I thought, yeah, Sol's a bit it's going after something a lot bigger than these other projects.

654
00:40:16,760 --> 00:40:17,760
Yeah.

655
00:40:17,760 --> 00:40:24,120
And so you've got to think back like Torley was previously Qualcomm.

656
00:40:24,120 --> 00:40:29,120
I think this has been like a huge passion project for him for a while.

657
00:40:29,120 --> 00:40:31,720
But then the industry is also moving in that direction.

658
00:40:31,720 --> 00:40:36,200
Like I've been banging on about this probably a little bit too much and doing five six three

659
00:40:36,200 --> 00:40:39,280
in your head in for a while on mobile first.

660
00:40:39,280 --> 00:40:42,440
But it's good I see it first and like every day like living in Asia and like the way that

661
00:40:42,440 --> 00:40:46,160
people operate.

662
00:40:46,160 --> 00:40:53,480
And I think they've been really, really smart about the initially positioned it as like,

663
00:40:53,480 --> 00:40:56,240
well, you can't get apps on the app store.

664
00:40:56,240 --> 00:41:00,440
You can't get apps on like the Google Play Store and all that kind of stuff.

665
00:41:00,440 --> 00:41:03,640
But then I think Apple are a little bit more lenient now.

666
00:41:03,640 --> 00:41:07,160
Like you're starting to see like Phantom on that Jupiter going on there.

667
00:41:07,160 --> 00:41:08,320
They announced that over there.

668
00:41:08,320 --> 00:41:14,480
But there just seems to be this like huge push towards the salon a phone.

669
00:41:14,480 --> 00:41:16,520
There was also a really interesting talk.

670
00:41:16,520 --> 00:41:22,400
It might have been completely missed.

671
00:41:22,400 --> 00:41:28,200
But these jumbo phones I never really I never really heard of but they're like ninety nine

672
00:41:28,200 --> 00:41:30,800
dollars or some shit.

673
00:41:30,800 --> 00:41:32,960
So it's like getting it like getting out for ninety nine dollars.

674
00:41:32,960 --> 00:41:35,120
It's getting it in the hands of like absolutely anyone.

675
00:41:35,120 --> 00:41:39,200
I relatively cost affordable price.

676
00:41:39,200 --> 00:41:44,800
And a lot of applications are being built with this in mind as well.

677
00:41:44,800 --> 00:41:48,480
So I'm pretty sure they announced this but we'll see it anyway.

678
00:41:48,480 --> 00:41:53,000
Like that Moonwalk Fitness like the kind of Strava competitor they're going to be on here

679
00:41:53,000 --> 00:41:56,840
like any kind of consumer application is going to be on here.

680
00:41:56,840 --> 00:41:59,360
That Sleepagotchi had a reasonable presence.

681
00:41:59,360 --> 00:42:01,160
That's kind of like a sleep habit formation up.

682
00:42:01,160 --> 00:42:05,840
So there's a lot of stuff happening in a lens of well to be in like a mobile first kind

683
00:42:05,840 --> 00:42:07,360
of network as well.

684
00:42:07,360 --> 00:42:13,240
But like it's one of those things where if you're competing with someone by the time

685
00:42:13,240 --> 00:42:18,280
they move up to catch up to you, you need to be like onto the next thing and light you

686
00:42:18,280 --> 00:42:19,280
can see it as a head.

687
00:42:19,280 --> 00:42:20,280
Like you never see like any of this.

688
00:42:20,280 --> 00:42:24,120
The only other ecosystem I've seen building towards mobile first is Movement and Movement

689
00:42:24,120 --> 00:42:25,120
Labs.

690
00:42:25,120 --> 00:42:29,640
They've got a camera board that's actually called on the top there but they're like seriously

691
00:42:29,640 --> 00:42:31,960
kind of leaning into that as well.

692
00:42:31,960 --> 00:42:39,480
But you just unlock in probably another like total adjustable market if like it works on

693
00:42:39,480 --> 00:42:41,680
compared to what everyone else is doing.

694
00:42:41,680 --> 00:42:45,200
If you're not focused on it I think you're missing out drastically.

695
00:42:45,200 --> 00:42:47,320
But yeah they've smashed it.

696
00:42:47,320 --> 00:42:49,640
The photo finish horse racing game.

697
00:42:49,640 --> 00:42:51,360
Yeah they were there seeing them.

698
00:42:51,360 --> 00:42:53,200
There's a load of people around their booth as well.

699
00:42:53,200 --> 00:42:56,400
They got onto the app store as well which I thought was quite insane.

700
00:42:56,400 --> 00:42:59,160
Did you see the title of their talk?

701
00:42:59,160 --> 00:43:00,320
No what was it?

702
00:43:00,320 --> 00:43:03,320
The biggest app on Solana that nobody knows about.

703
00:43:03,320 --> 00:43:04,320
Nice.

704
00:43:04,320 --> 00:43:06,440
Great title isn't it?

705
00:43:06,440 --> 00:43:08,080
Yeah I love it.

706
00:43:08,080 --> 00:43:13,080
Do you think it's worth spending the 500 bucks and pre-ordering the Seeker for the Air Drops?

707
00:43:13,080 --> 00:43:18,160
Maybe you can get it to give you a comfortable position to get it.

708
00:43:18,160 --> 00:43:22,600
Yeah I think I'll order one.

709
00:43:22,600 --> 00:43:24,240
You can still get it on the early access now.

710
00:43:24,240 --> 00:43:27,680
Because I was looking at it I was like 500 bucks compared to what you probably ape on

711
00:43:27,680 --> 00:43:28,680
random shitters.

712
00:43:28,680 --> 00:43:29,680
Yeah yeah.

713
00:43:29,680 --> 00:43:38,040
They said in no uncertain terms on the talk we will be air dropping protocol tokens for

714
00:43:38,040 --> 00:43:40,520
everyone who comes onto our mobile.

715
00:43:40,520 --> 00:43:43,200
I was like well this thing's just going to print surely.

716
00:43:43,200 --> 00:43:49,600
The some interesting incentives like there's the four month free roaming from Helium.

717
00:43:49,600 --> 00:43:56,840
There's a couple of other like kind of aligned incentives and stuff like that.

718
00:43:56,840 --> 00:44:00,080
It's the same as everything like people will only want it when they know that there's a

719
00:44:00,080 --> 00:44:03,080
guaranteed fucking bonker drop on it or something.

720
00:44:03,080 --> 00:44:09,000
But you just got to follow what's previously happened and sure we'll be alright.

721
00:44:09,000 --> 00:44:11,840
Other than that that was about it.

722
00:44:11,840 --> 00:44:13,520
There was a lot of other kind of takeaways.

723
00:44:13,520 --> 00:44:20,560
If anyone is listening who came to meet us for some impromptu beers that was great.

724
00:44:20,560 --> 00:44:25,240
Just like being able to drop a location and people turn up and sink some pines.

725
00:44:25,240 --> 00:44:29,280
I think I had about 12 Guinness that night.

726
00:44:29,280 --> 00:44:32,120
Who was the chief drinker?

727
00:44:32,120 --> 00:44:34,280
Yeah Alex wanted to go out.

728
00:44:34,280 --> 00:44:36,120
He wanted to go to the Aptos event.

729
00:44:36,120 --> 00:44:40,560
He's like you're 30 year old man.

730
00:44:40,560 --> 00:44:43,880
Alright who's on this?

731
00:44:43,880 --> 00:44:47,440
I'm on this one.

732
00:44:47,440 --> 00:44:52,840
So wanted to check out this discussion points and obviously get your two takes on it as

733
00:44:52,840 --> 00:44:53,840
well boys.

734
00:44:53,840 --> 00:44:58,840
Because pool two poorly had posted this recently and I think post breakpoint as well.

735
00:44:58,840 --> 00:45:03,600
This is quite like an interesting discussion topic because you have breakpoint.

736
00:45:03,600 --> 00:45:07,480
People are now super build up on Sol as we just mentioned.

737
00:45:07,480 --> 00:45:12,160
But essentially what he's seeing is like Sol's become the consensus leader of the L1s.

738
00:45:12,160 --> 00:45:17,760
But what you typically see in the second half of a bull market is the ecosystem tokens outperform.

739
00:45:17,760 --> 00:45:24,880
And what we saw obviously in the first half is apart from your meme coin speculators.

740
00:45:24,880 --> 00:45:28,800
The majority of Sol based tokens.

741
00:45:28,800 --> 00:45:31,360
Yes they were out the gates new.

742
00:45:31,360 --> 00:45:33,480
But they were underperforming Sol.

743
00:45:33,480 --> 00:45:37,340
So you were better off just holding the gas token.

744
00:45:37,340 --> 00:45:42,300
So are we now seeing the early signs of this rotation?

745
00:45:42,300 --> 00:45:46,400
You can see Sol's within that current kind of range here between 1, 3, 7's the kind of

746
00:45:46,400 --> 00:45:48,560
area that I've had marked out for a while.

747
00:45:48,560 --> 00:45:53,320
Like squeaky bum time below but above we seem to be a bit more calm.

748
00:45:53,320 --> 00:45:57,280
And I think as long as we're in that range as well the Alts can have a good run.

749
00:45:57,280 --> 00:46:01,840
But it seems that altcoins generally across the board are getting great bid now.

750
00:46:01,840 --> 00:46:07,040
We've got the added incentive as well that FTX repayments apparently coming in Q4 which

751
00:46:07,040 --> 00:46:10,520
I've heard from a few people but I haven't seen an official sources yet.

752
00:46:10,520 --> 00:46:11,520
So we'll wait and see.

753
00:46:11,520 --> 00:46:13,000
Do we know what?

754
00:46:13,000 --> 00:46:14,000
Do we know is there any source?

755
00:46:14,000 --> 00:46:17,680
I don't know if anyone knows in chat if there's a source on what percentage of claims were

756
00:46:17,680 --> 00:46:25,920
sold aka money that's already came back in the system.

757
00:46:25,920 --> 00:46:30,840
But we do know people will be getting their hands that grubby little mitts on cashier.

758
00:46:30,840 --> 00:46:37,640
So do you think people potentially are going to be like, right, I've missed the Sol boat.

759
00:46:37,640 --> 00:46:43,280
It's gone from 10 bucks teens to 150.

760
00:46:43,280 --> 00:46:48,120
Obviously the altcoins are priced and not a bad place to be honest with you especially

761
00:46:48,120 --> 00:46:52,200
on their ETH competitors.

762
00:46:52,200 --> 00:46:54,840
And it's not going to take a lot of money to move some of these altcoins because they're

763
00:46:54,840 --> 00:46:58,160
like 100 mil, 200 mil market caps.

764
00:46:58,160 --> 00:47:02,120
We've also got the Sol pairs looking bullish which I'll show you on my next slides.

765
00:47:02,120 --> 00:47:04,300
And I think a lot of alts have now been put on the radar.

766
00:47:04,300 --> 00:47:05,800
So from the breakpoint talk.

767
00:47:05,800 --> 00:47:09,680
So if you just go into the next one.

768
00:47:09,680 --> 00:47:14,320
So these are obviously two of the DeFi leaders drifting Camino there.

769
00:47:14,320 --> 00:47:17,320
That's the weekly timeframe for both but on the Sol pairing.

770
00:47:17,320 --> 00:47:21,140
So that is drift to Sol Camino to Sol there.

771
00:47:21,140 --> 00:47:27,680
And you can see obviously we had for both airdrop tokens essentially being sold off

772
00:47:27,680 --> 00:47:31,160
drift made the breakout move earlier than Camino though.

773
00:47:31,160 --> 00:47:35,480
So that's like three weeks ago it had its first markup and like breakout against the

774
00:47:35,480 --> 00:47:36,880
Sol pairing.

775
00:47:36,880 --> 00:47:41,560
And then more recently we've had Camino which has had a couple airdrops come out which have

776
00:47:41,560 --> 00:47:44,640
been the spikes down and the long wicks.

777
00:47:44,640 --> 00:47:49,160
But it's over the last two weeks now has kind of broken out versus it's kind of all time

778
00:47:49,160 --> 00:47:50,440
high on the Sol pairing.

779
00:47:50,440 --> 00:47:52,360
And it's around that level as we speak.

780
00:47:52,360 --> 00:47:58,680
So what I'm thinking is like some of these better protocols that seem to be attracting

781
00:47:58,680 --> 00:48:03,560
and quite sticky with the amount of capital on them like these two these better ones they

782
00:48:03,560 --> 00:48:07,640
seem to be clear front runners in this ecosystem.

783
00:48:07,640 --> 00:48:12,840
And I think there's quite a high like ceiling for growth here because you've got Pith and

784
00:48:12,840 --> 00:48:17,400
Jup both over a billion dollars expectation is they're going to reprice higher.

785
00:48:17,400 --> 00:48:22,080
I think the Jup chart looks like it could send to be honest with you.

786
00:48:22,080 --> 00:48:27,360
And these are coming in at 150 and 95 mil respectively at this moment and the unlocks

787
00:48:27,360 --> 00:48:29,800
don't come till a year post ATG.

788
00:48:29,800 --> 00:48:31,480
So we're talking about April 25.

789
00:48:31,480 --> 00:48:38,920
So in terms of like Q4 you've got quite a few catalysts and you can see stuff on the

790
00:48:38,920 --> 00:48:40,300
Sol pairing breaking out.

791
00:48:40,300 --> 00:48:42,800
So I'm thinking these could be cooks.

792
00:48:42,800 --> 00:48:49,120
I mean if you just do the next slide as well we've got the meme coins you've got popcat

793
00:48:49,120 --> 00:48:53,960
on the left on its Sol pairing there has broken out clearly it's in price discovery versus

794
00:48:53,960 --> 00:48:59,760
Sol so you know you say more and then WIF is trying to recover some of those key levels

795
00:48:59,760 --> 00:49:02,920
since it topped in March.

796
00:49:02,920 --> 00:49:06,920
So I thought it was interesting that you've got action on the Sol pairing here.

797
00:49:06,920 --> 00:49:12,760
Sol seems to be consensus but I think some of the smarter traders are starting to position

798
00:49:12,760 --> 00:49:15,200
hard into these alts.

799
00:49:15,200 --> 00:49:18,360
Is this something you boys are personally looking at?

800
00:49:18,360 --> 00:49:23,480
What do you think on that kind of thesis for the second half?

801
00:49:23,480 --> 00:49:25,600
I like the thesis.

802
00:49:25,600 --> 00:49:30,640
I think you have to be specific on which projects because I think there are going to be a lot

803
00:49:30,640 --> 00:49:31,640
of duds.

804
00:49:31,640 --> 00:49:36,280
That's the problem with picking beta plays is you can be right in the ecosystem now performing

805
00:49:36,280 --> 00:49:38,740
but wrong in which beta play you pick.

806
00:49:38,740 --> 00:49:44,840
So I think it helps to do some research into which you think are going to be the winners.

807
00:49:44,840 --> 00:49:49,840
I don't mind.

808
00:49:49,840 --> 00:49:50,840
I think Drift and Kamino are going to be pretty good.

809
00:49:50,840 --> 00:49:52,840
I think Drift has some announcements coming up too because they just raised again.

810
00:49:52,840 --> 00:50:01,840
Are you sure I've seen something else?

811
00:50:01,840 --> 00:50:05,040
There's a lot that have broken that down trim now that you've mentioned it.

812
00:50:05,040 --> 00:50:07,600
I think Ayo looked quite good against Sol.

813
00:50:07,600 --> 00:50:10,600
Yeah I know it's been looking good too.

814
00:50:10,600 --> 00:50:16,880
That's against Sol.

815
00:50:16,880 --> 00:50:26,080
Yeah I like the idea of it.

816
00:50:26,080 --> 00:50:34,000
I think there's going to be louder and louder conversations with regards to February and

817
00:50:34,000 --> 00:50:36,880
March for Sol where there's technically like 4%.

818
00:50:36,880 --> 00:50:43,600
Total supply unlock which is a ton of money.

819
00:50:43,600 --> 00:50:52,000
I think there's probably going to be hesitation going into that but knowing I know exactly

820
00:50:52,000 --> 00:50:53,000
what's going to happen.

821
00:50:53,000 --> 00:50:57,400
They're going to announce Firedancer live on mainnet during that time and I think they're

822
00:50:57,400 --> 00:51:02,400
going to drum up as much hyphen speculation towards that into the unlocks.

823
00:51:02,400 --> 00:51:10,520
So can you drum up enough fire pressure based off the back of that to absorb it?

824
00:51:10,520 --> 00:51:13,240
And then from there I don't know where it goes.

825
00:51:13,240 --> 00:51:14,240
I really don't.

826
00:51:14,240 --> 00:51:20,000
But I've been getting closer and closer and just thinking I think it will eventually flip

827
00:51:20,000 --> 00:51:21,000
Eath.

828
00:51:21,000 --> 00:51:22,000
Flip Eath.

829
00:51:22,000 --> 00:51:28,520
I don't know if it's going to be this cycle but I think it might even flip it on the downturn

830
00:51:28,520 --> 00:51:30,520
if we get a nasty downturn.

831
00:51:30,520 --> 00:51:38,960
Do you think that these decent D5 protocols they're on Solana are really under priced?

832
00:51:38,960 --> 00:51:44,480
Because if you look at the Eath comparisons for some of them they're a long chalk away

833
00:51:44,480 --> 00:51:46,000
to be honest.

834
00:51:46,000 --> 00:51:47,600
So I have Kamino.

835
00:51:47,600 --> 00:51:55,840
I don't know how loud they were shouting about announcement but Arve is coming to Solana.

836
00:51:55,840 --> 00:52:02,440
I wouldn't say that.

837
00:52:02,440 --> 00:52:03,440
I'm not using Neon.

838
00:52:03,440 --> 00:52:04,440
I think they're just building.

839
00:52:04,440 --> 00:52:08,600
And there's a couple of other D5 teams that you wouldn't expect.

840
00:52:08,600 --> 00:52:11,840
I'm swamped as you can see on who it is.

841
00:52:11,840 --> 00:52:15,520
They're compiling according to Rust as we speak.

842
00:52:15,520 --> 00:52:19,080
They're fed up with the support they're getting.

843
00:52:19,080 --> 00:52:22,920
Fed up being told that D5 isn't the thing.

844
00:52:22,920 --> 00:52:29,520
So you'll start seeing that mass migration happen.

845
00:52:29,520 --> 00:52:33,240
So that's the only thing that we've got to contend with.

846
00:52:33,240 --> 00:52:40,400
If Arve is going to be here for Kamino, if there's going to be new DEXs come over to

847
00:52:40,400 --> 00:52:48,440
Solana then you know we have big market names coming over.

848
00:52:48,440 --> 00:52:55,080
You know you're enhancing the meme coin thesis again.

849
00:52:55,080 --> 00:53:01,920
I'd say there's only one pop cut.

850
00:53:01,920 --> 00:53:08,760
It was interesting from the talk was it Arthur and Joe McCann did on stage.

851
00:53:08,760 --> 00:53:12,680
I don't know if you caught that one.

852
00:53:12,680 --> 00:53:17,400
And Joe McCann was saying that they'd been allocating into the meme coins.

853
00:53:17,400 --> 00:53:21,680
They were in them quite early but they've got serious positions in Sol meme coins.

854
00:53:21,680 --> 00:53:26,280
If you just look at the history of crypto, the meme coins typically outperform.

855
00:53:26,280 --> 00:53:29,640
If you look through their cycle, the meme coins have outperformed everything else.

856
00:53:29,640 --> 00:53:34,920
So you just hold the gas token Sol and the meme coins.

857
00:53:34,920 --> 00:53:37,080
So save yourself some stress.

858
00:53:37,080 --> 00:53:44,800
Yeah, did you see Arthur sold his Pendle and then it immediately improved it?

859
00:53:44,800 --> 00:53:47,120
Thank you for your sacrifice.

860
00:53:47,120 --> 00:53:52,480
It was like one, the Pendle guys invited us to their office in Singapore.

861
00:53:52,480 --> 00:53:57,600
So we just finished an hour long conversation with them about every three update and everything

862
00:53:57,600 --> 00:53:58,600
that's coming there.

863
00:53:58,600 --> 00:54:04,080
And then I log onto Twitter and you see Arthur's just sold all of his position.

864
00:54:04,080 --> 00:54:05,760
I was just like that terrible.

865
00:54:05,760 --> 00:54:09,880
From basically from what I've just had, that's the stupidest fucking thing I've ever seen.

866
00:54:09,880 --> 00:54:17,000
I don't know how he makes any money that guy apart from fucking liquidating people.

867
00:54:17,000 --> 00:54:22,960
This chart I put in just to show the relative pairs as well.

868
00:54:22,960 --> 00:54:25,320
I typically do this for like narratives.

869
00:54:25,320 --> 00:54:30,280
So if you've got, if you think these are the two best meme coins on Sol, pair them together,

870
00:54:30,280 --> 00:54:33,800
you can see popcaters vastly outperform with.

871
00:54:33,800 --> 00:54:35,400
But doing that for other sectors as well.

872
00:54:35,400 --> 00:54:39,080
If you're in AI, go in chart versus tile, see if things are outperforming if they're

873
00:54:39,080 --> 00:54:41,320
not, which they haven't really been.

874
00:54:41,320 --> 00:54:43,640
Just hold the main names.

875
00:54:43,640 --> 00:54:44,640
I think we're seeing.

876
00:54:44,640 --> 00:54:45,640
There is no second best.

877
00:54:45,640 --> 00:54:48,440
There is no second best.

878
00:54:48,440 --> 00:54:52,040
We're seeing broadly just like the best of each narrative, just getting repriced here

879
00:54:52,040 --> 00:54:55,800
and the higher beta stuff should be a left behind.

880
00:54:55,800 --> 00:54:56,800
Yeah.

881
00:54:56,800 --> 00:54:57,800
Yeah.

882
00:54:57,800 --> 00:54:59,800
It's good for the market.

883
00:54:59,800 --> 00:55:00,800
Yeah.

884
00:55:00,800 --> 00:55:03,600
I feel like people can be bothered with the headache and just like a habit to sit on the

885
00:55:03,600 --> 00:55:09,440
hands or hold something a little bit longer than five minutes.

886
00:55:09,440 --> 00:55:13,080
There's liquidity there as well for these bigger tokens.

887
00:55:13,080 --> 00:55:15,080
People can move a lot of money in and out of them.

888
00:55:15,080 --> 00:55:19,680
Someone sold over a couple of mil bucks of popcat yesterday or the day before.

889
00:55:19,680 --> 00:55:22,000
And it didn't really affect price that much.

890
00:55:22,000 --> 00:55:25,080
You can actually get in and out of these coins with huge size.

891
00:55:25,080 --> 00:55:31,200
That's probably partially why, going back to Pango's point of why you're seeing larger

892
00:55:31,200 --> 00:55:34,920
and more expansive integrations as well.

893
00:55:34,920 --> 00:55:39,440
Liquidators and liquidation engines and protocols need to know that if there is about to be

894
00:55:39,440 --> 00:55:44,560
any bad debt incurred or any potential gets stuck holding the bag, they want to know that

895
00:55:44,560 --> 00:55:46,240
they can get out of these positions as well.

896
00:55:46,240 --> 00:55:49,760
I think the token is only as good as the liquidity.

897
00:55:49,760 --> 00:55:58,880
When the protocols are concerned, it doesn't want to get stuck holding the bag, does it?

898
00:55:58,880 --> 00:55:59,880
Okay.

899
00:55:59,880 --> 00:56:01,880
I love this.

900
00:56:01,880 --> 00:56:06,520
I broke out laughing when I started this joke.

901
00:56:06,520 --> 00:56:07,520
It's happening.

902
00:56:07,520 --> 00:56:13,400
Yeah, I got quite lucky on some buys, to be honest.

903
00:56:13,400 --> 00:56:20,120
And then, as I say, no skill involved phone trading sometimes.

904
00:56:20,120 --> 00:56:22,120
Just got quite lucky.

905
00:56:22,120 --> 00:56:24,400
You're staying in size on your phone.

906
00:56:24,400 --> 00:56:31,040
But all I could think of as soon as I came out of that bit tensor meetup was this scene

907
00:56:31,040 --> 00:56:32,680
off the big short.

908
00:56:32,680 --> 00:56:36,040
Obviously, it's more positive than what he's saying.

909
00:56:36,040 --> 00:56:39,960
I think he's saying like short at all.

910
00:56:39,960 --> 00:56:41,960
Short at all.

911
00:56:41,960 --> 00:56:45,080
Long at all.

912
00:56:45,080 --> 00:56:47,080
It's a cult long at all.

913
00:56:47,080 --> 00:56:48,960
So I did that.

914
00:56:48,960 --> 00:56:50,760
And then it's obviously did really, really well.

915
00:56:50,760 --> 00:56:52,760
So happy with that.

916
00:56:52,760 --> 00:56:53,760
Suey.

917
00:56:53,760 --> 00:57:01,520
Fucking knows when I purchased some meme coins on Martian, but I logged into that when I

918
00:57:01,520 --> 00:57:04,360
got home and I was very, very happy.

919
00:57:04,360 --> 00:57:06,920
Slightly hungover and opened that.

920
00:57:06,920 --> 00:57:11,960
So Blub seems to be getting the nod of approval from everyone.

921
00:57:11,960 --> 00:57:17,280
Plop seems to be a bit of a cabal coin.

922
00:57:17,280 --> 00:57:21,720
A couple of people have asked me if I want to buy some sushi or OTC.

923
00:57:21,720 --> 00:57:25,800
So I'm assuming that there's some quite influential people in these as well.

924
00:57:25,800 --> 00:57:30,800
Mantra's telling me already to buy the Aptos, the Bank of Aptos.

925
00:57:30,800 --> 00:57:34,840
So we need to go and have a look at that for next week because there probably will be a

926
00:57:34,840 --> 00:57:38,320
rotation.

927
00:57:38,320 --> 00:57:43,080
Solana shit coins have been relatively flat apart from the little fat hippo.

928
00:57:43,080 --> 00:57:48,840
Elastic pork, moo dang.

929
00:57:48,840 --> 00:57:49,840
So I've got phantom.

930
00:57:49,840 --> 00:57:57,560
I added more phantom as well, but I haven't did any eco allocation yet.

931
00:57:57,560 --> 00:58:02,840
I'm kind of like a third of the way through the round trip is where you brought Hoya Monza.

932
00:58:02,840 --> 00:58:06,560
I'm going to have a little bit more of a look at that.

933
00:58:06,560 --> 00:58:11,440
And we've also got the new CEO coming on the podcast.

934
00:58:11,440 --> 00:58:12,440
Next Wednesday.

935
00:58:12,440 --> 00:58:13,440
Next Wednesday after.

936
00:58:13,440 --> 00:58:21,720
I'll try and get as much information as I can on that.

937
00:58:21,720 --> 00:58:24,140
Yeah I'm slightly unsure of the Sol overhang.

938
00:58:24,140 --> 00:58:30,560
So despite being actually bullish of what I've just seen, but I think there's going

939
00:58:30,560 --> 00:58:35,040
to be enough people that are speaking about this overhang for February and March for could

940
00:58:35,040 --> 00:58:41,240
be potentially why the old sol pairs looking good as well.

941
00:58:41,240 --> 00:58:47,320
So I'm happy to kind of explore green and pastures, but with that in mind, it will be

942
00:58:47,320 --> 00:58:50,360
to compound back into like the largest opposition ones.

943
00:58:50,360 --> 00:58:55,120
I've played these ecosystems similar to how I did and I'm pretty sure many others did

944
00:58:55,120 --> 00:59:01,220
last time around with with Eve, like going off to venture new lands and then come back

945
00:59:01,220 --> 00:59:05,360
with your spoils and compounded back in once the dust sold.

946
00:59:05,360 --> 00:59:12,520
And yeah, GM.ai is what I'm calling jail to earn.

947
00:59:12,520 --> 00:59:17,800
I think they're secretly just buying back that token now so he doesn't have to go to

948
00:59:17,800 --> 00:59:18,800
prison.

949
00:59:18,800 --> 00:59:22,960
I'm probably like 60% down still.

950
00:59:22,960 --> 00:59:24,440
So we still got a while to go.

951
00:59:24,440 --> 00:59:28,760
But if anyone wants to trade that, I think it'd probably be a good trade.

952
00:59:28,760 --> 00:59:38,760
The bulk of it's probably already gone, but and then I'm just buying zero E's ever again.

953
00:59:38,760 --> 00:59:39,760
Any questions?

954
00:59:39,760 --> 00:59:45,680
You know the GM.ai in your wallet, is there like a staked GM token in there?

955
00:59:45,680 --> 00:59:49,840
I was gonna say I've seen it on my wallet and I don't remember touching this.

956
00:59:49,840 --> 00:59:53,160
Was it just airdrop to us or did I claim that?

957
00:59:53,160 --> 00:59:56,440
The staked version got airdropped to you.

958
00:59:56,440 --> 00:59:57,440
Okay.

959
00:59:57,440 --> 01:00:00,160
So it wasn't him in the pictures.

960
01:00:00,160 --> 01:00:02,160
He said it wasn't him.

961
01:00:02,160 --> 01:00:03,160
Yeah, hilarious.

962
01:00:03,160 --> 01:00:10,400
You were out in jail for nobody to go up.

963
01:00:10,400 --> 01:00:11,400
Doc's the one.

964
01:00:11,400 --> 01:00:16,400
Yeah, I'm not pretty standard.

965
01:00:16,400 --> 01:00:26,240
Yeah, I didn't change anything, but obviously that was the larger portion of the pie now,

966
01:00:26,240 --> 01:00:29,240
which I'm perfectly okay with.

967
01:00:29,240 --> 01:00:32,560
It seems that we're hitting no rebounds in happening here.

968
01:00:32,560 --> 01:00:39,240
I'm strong psychological resistance at the 563 level, it seems like.

969
01:00:39,240 --> 01:00:43,400
We'll have to flip that to support eventually.

970
01:00:43,400 --> 01:00:47,000
But yeah, things are good.

971
01:00:47,000 --> 01:00:48,600
There's a ton of development going on.

972
01:00:48,600 --> 01:00:53,280
Obviously that's why I have my own little chilling station every week on town talk.

973
01:00:53,280 --> 01:00:55,440
Yeah, things are moving.

974
01:00:55,440 --> 01:01:00,120
I think people are excited about it and it's obviously top of mind.

975
01:01:00,120 --> 01:01:05,320
I wouldn't be surprised to see some pullbacks now just because it's had such a leg up.

976
01:01:05,320 --> 01:01:11,320
So I'm not planning on buying anymore right here, but got some cash on the side in case

977
01:01:11,320 --> 01:01:13,280
it takes a nice dip down.

978
01:01:13,280 --> 01:01:17,080
And yeah, it looks like Quill got a big pump.

979
01:01:17,080 --> 01:01:18,760
I don't know what's going on behind the scenes there.

980
01:01:18,760 --> 01:01:22,440
It seems like there's some new parties that are interested in that.

981
01:01:22,440 --> 01:01:26,000
Yeah, I don't know.

982
01:01:26,000 --> 01:01:30,200
It's we're supposed to keep pushing back 2.0 launch.

983
01:01:30,200 --> 01:01:32,000
It seems like it's going to be ended months still.

984
01:01:32,000 --> 01:01:33,000
Bullish.

985
01:01:33,000 --> 01:01:36,440
Yeah, bullish delays.

986
01:01:36,440 --> 01:01:41,480
Everyone is assuming there's going to be dumps after that because miners will sell.

987
01:01:41,480 --> 01:01:43,640
But if that's consensus, who knows?

988
01:01:43,640 --> 01:01:48,820
Maybe people are front running the sales now and there won't be any sales.

989
01:01:48,820 --> 01:01:50,320
So that could be one to look at too.

990
01:01:50,320 --> 01:01:53,680
If it dumps a bunch, could be a good spot to enter Quill.

991
01:01:53,680 --> 01:01:56,800
Yeah, I think there's already some apps rolling on there too.

992
01:01:56,800 --> 01:01:57,800
So it's pretty cool.

993
01:01:57,800 --> 01:01:59,560
Yeah, not really any changes.

994
01:01:59,560 --> 01:02:02,780
They announced, I think Polymarket announced there's going to be a token.

995
01:02:02,780 --> 01:02:05,600
So I don't know if there's edge there anymore to farm it.

996
01:02:05,600 --> 01:02:06,600
Hopefully.

997
01:02:06,600 --> 01:02:09,400
I think they were post election.

998
01:02:09,400 --> 01:02:11,320
It would make sense, wouldn't it?

999
01:02:11,320 --> 01:02:14,360
I think they should do it before because I think that a lot of their TVL is going to

1000
01:02:14,360 --> 01:02:17,520
go down once after election.

1001
01:02:17,520 --> 01:02:20,680
Or maybe they want to jump up more support after, but I would think they would want.

1002
01:02:20,680 --> 01:02:21,680
Yeah.

1003
01:02:21,680 --> 01:02:30,160
If I was them, let the election hype die down and then really put on the gas with regards

1004
01:02:30,160 --> 01:02:31,160
to drop.

1005
01:02:31,160 --> 01:02:33,360
Yeah, it's coming.

1006
01:02:33,360 --> 01:02:34,360
It's coming.

1007
01:02:34,360 --> 01:02:35,360
It's coming.

1008
01:02:35,360 --> 01:02:37,360
And then probably into Christmas or something.

1009
01:02:37,360 --> 01:02:39,960
That makes sense.

1010
01:02:39,960 --> 01:02:46,480
He was on the stage with Jeremy Allaire, our token, saying that they're going to use USDC

1011
01:02:46,480 --> 01:02:50,160
and circle as a way for them to be a multi-chain.

1012
01:02:50,160 --> 01:02:52,280
Now that works.

1013
01:02:52,280 --> 01:02:54,280
It's quite interesting.

1014
01:02:54,280 --> 01:03:01,440
Fuck, man.

1015
01:03:01,440 --> 01:03:05,960
CC, whatever it's called.

1016
01:03:05,960 --> 01:03:07,960
Chinese Communist Party, Transfep.

1017
01:03:07,960 --> 01:03:08,960
Very good.

1018
01:03:08,960 --> 01:03:09,960
That's cool.

1019
01:03:09,960 --> 01:03:10,960
Yeah.

1020
01:03:10,960 --> 01:03:11,960
Yeah, no, not really changes.

1021
01:03:11,960 --> 01:03:12,960
Any questions?

1022
01:03:12,960 --> 01:03:13,960
Do you think Quill is just beat as a child?

1023
01:03:13,960 --> 01:03:14,960
It's funny though.

1024
01:03:14,960 --> 01:03:15,960
Yeah.

1025
01:03:15,960 --> 01:03:16,960
There's a lot of overlap for whatever reason.

1026
01:03:16,960 --> 01:03:17,960
The backholders are the same.

1027
01:03:17,960 --> 01:03:18,960
From what I've seen.

1028
01:03:18,960 --> 01:03:19,960
A lot of overlap and backholders.

1029
01:03:19,960 --> 01:03:20,960
Yeah, man.

1030
01:03:20,960 --> 01:03:22,360
It's kind of weird.

1031
01:03:22,360 --> 01:03:29,880
I think because it's like a whole fair launch, very cultish followings of the leaders and

1032
01:03:29,880 --> 01:03:33,680
idealistic sorts of people really latch onto it.

1033
01:03:33,680 --> 01:03:37,520
And they're both have huge visions, which I think people like.

1034
01:03:37,520 --> 01:03:41,480
So yeah, I think that's why in the same type of people like Tao, like Quill.

1035
01:03:41,480 --> 01:03:46,440
I'm going to have to buy some on the pullback, I think.

1036
01:03:46,440 --> 01:03:54,680
I'm outsourcing any of my cultish right curve.

1037
01:03:54,680 --> 01:03:58,760
Don't know if it's complete vaporware stuff to use.

1038
01:03:58,760 --> 01:04:00,400
I think Quill is cool.

1039
01:04:00,400 --> 01:04:06,680
I hope they can onboard more devs to build the tech itself.

1040
01:04:06,680 --> 01:04:10,680
Yeah, I hope so.

1041
01:04:10,680 --> 01:04:12,680
Otherwise it's Cassie.

1042
01:04:12,680 --> 01:04:16,120
Yeah, Cassie's main point.

1043
01:04:16,120 --> 01:04:23,280
I've been sharing it in some groups with some quite notable people on Twitter.

1044
01:04:23,280 --> 01:04:25,560
So you might see your bags that bump.

1045
01:04:25,560 --> 01:04:26,560
There you go.

1046
01:04:26,560 --> 01:04:31,120
No, I mean, I've talked about it with some like serious investors and they want like

1047
01:04:31,120 --> 01:04:34,080
usually the type of people that want token warrants though.

1048
01:04:34,080 --> 01:04:36,360
And it's like, she's not going to do that.

1049
01:04:36,360 --> 01:04:39,000
So kind of annoying.

1050
01:04:39,000 --> 01:04:43,200
Yeah, she thinks we're on the him sheet.

1051
01:04:43,200 --> 01:04:45,200
That one.

1052
01:04:45,200 --> 01:04:46,200
Yeah.

1053
01:04:46,200 --> 01:04:47,200
All in baby.

1054
01:04:47,200 --> 01:05:01,800
I was actually like, I had real FOMO when you guys were in Singapore, like bad.

1055
01:05:01,800 --> 01:05:03,640
I hate missing a pie.

1056
01:05:03,640 --> 01:05:07,240
And I was just kind of my blessings though.

1057
01:05:07,240 --> 01:05:12,040
I didn't go because like, obviously there's an expense to go in, but the amount that I

1058
01:05:12,040 --> 01:05:17,800
would have made from because I bought a shitload of towel during that period, like added to

1059
01:05:17,800 --> 01:05:23,040
stuff that has gone up, like added a clip into Quill that went up quick time, then clipped

1060
01:05:23,040 --> 01:05:24,040
a bit out.

1061
01:05:24,040 --> 01:05:26,280
Like it was pretty good period.

1062
01:05:26,280 --> 01:05:32,560
So my kind of plan actually here is now that we seem to have turned a corner is to double

1063
01:05:32,560 --> 01:05:34,600
my monthly target withdrawal.

1064
01:05:34,600 --> 01:05:40,160
Cause like each month I've been targeting a figure to pull out, which I have been doing,

1065
01:05:40,160 --> 01:05:46,320
like just ignoring my former OCD of owning certain numbers of coins, which actually played

1066
01:05:46,320 --> 01:05:48,200
me played me last cycle.

1067
01:05:48,200 --> 01:05:51,760
You know, you want big round, you want a round number of stuff.

1068
01:05:51,760 --> 01:05:54,000
That's actually being rinsed from my system now.

1069
01:05:54,000 --> 01:05:58,600
And just be chip, just chip stuff away and take out what I've targeted each month.

1070
01:05:58,600 --> 01:06:03,880
But I've just doubled my expected take from this market now.

1071
01:06:03,880 --> 01:06:08,880
So I'm going to be pulling out twice as much each month, irrelevant of, I think the cycle

1072
01:06:08,880 --> 01:06:09,880
is done or whatever.

1073
01:06:09,880 --> 01:06:10,880
Nothing to do with that.

1074
01:06:10,880 --> 01:06:14,000
Just the monthly wage that I pull out of these shit coins has just gone up.

1075
01:06:14,000 --> 01:06:20,920
So that's my kind of thesis here in terms of the gambling we pumped into the big fat

1076
01:06:20,920 --> 01:06:21,920
hippo as well.

1077
01:06:21,920 --> 01:06:26,280
So we've got like decent move on Mu Dang, not as good as Grant, but pretty happy with

1078
01:06:26,280 --> 01:06:28,680
the game so far.

1079
01:06:28,680 --> 01:06:35,600
Conflicts eco, I think that is signs of a gambling problem, but it's the only like obvious China

1080
01:06:35,600 --> 01:06:37,000
narrative there is out there.

1081
01:06:37,000 --> 01:06:40,800
If they're like stimulating their economy like crazy, this could be.

1082
01:06:40,800 --> 01:06:43,720
You just announced cash handouts.

1083
01:06:43,720 --> 01:06:44,720
Yeah.

1084
01:06:44,720 --> 01:06:45,720
How much?

1085
01:06:45,720 --> 01:06:49,400
To all the people in extreme poverty.

1086
01:06:49,400 --> 01:06:51,400
Box flights to Shanghai.

1087
01:06:51,400 --> 01:06:54,360
Anything crazy, but they've never used it.

1088
01:06:54,360 --> 01:06:56,840
Well, they said it's a rare use of aid.

1089
01:06:56,840 --> 01:06:57,840
Wow.

1090
01:06:57,840 --> 01:06:58,840
Wow.

1091
01:06:58,840 --> 01:07:03,000
They are doing handouts just somewhere else in the world, Grant.

1092
01:07:03,000 --> 01:07:08,800
Yeah.

1093
01:07:08,800 --> 01:07:13,320
You also like iron your socks and boxes as well.

1094
01:07:13,320 --> 01:07:14,320
Only buy round numbers.

1095
01:07:14,320 --> 01:07:15,320
Is there?

1096
01:07:15,320 --> 01:07:18,320
Caratine allowed such a base.

1097
01:07:18,320 --> 01:07:22,280
Exactly 10,000 of this mean coin.

1098
01:07:22,280 --> 01:07:23,280
No more.

1099
01:07:23,280 --> 01:07:25,280
I can buy it.

1100
01:07:25,280 --> 01:07:27,280
It's too expensive.

1101
01:07:27,280 --> 01:07:32,000
Definitely have a mild OCD.

1102
01:07:32,000 --> 01:07:37,760
Last week, though, in that period, I did more towel before it pumped.

1103
01:07:37,760 --> 01:07:38,760
I did more Camino.

1104
01:07:38,760 --> 01:07:43,240
But as Grant has just put me off Camino, probably going to sell my Camino now.

1105
01:07:43,240 --> 01:07:45,680
I did Quill and then I trimmed.

1106
01:07:45,680 --> 01:07:48,240
It hit 40 cents and I trimmed 15% of the bag.

1107
01:07:48,240 --> 01:07:55,480
So I'll either re add or if it gets down decent or I'll just cash that money out to be honest.

1108
01:07:55,480 --> 01:07:59,240
And then I exchanged some salt for more with as well.

1109
01:07:59,240 --> 01:08:01,320
But that is the port.

1110
01:08:01,320 --> 01:08:03,640
So yeah, no huge changes.

1111
01:08:03,640 --> 01:08:09,320
But since you run away, I think there's probably some decent changes in terms of the percentages

1112
01:08:09,320 --> 01:08:10,320
and stuff.

1113
01:08:10,320 --> 01:08:11,320
Yeah.

1114
01:08:11,320 --> 01:08:12,320
Yeah.

1115
01:08:12,320 --> 01:08:14,760
I need to get some Quill, don't I?

1116
01:08:14,760 --> 01:08:17,760
Even if it's just for more from being on here and I'm the only one who's not enjoying the

1117
01:08:17,760 --> 01:08:18,760
pump.

1118
01:08:18,760 --> 01:08:19,760
Okay.

1119
01:08:19,760 --> 01:08:20,760
Cool.

1120
01:08:20,760 --> 01:08:30,800
Peter Griffin.

1121
01:08:30,800 --> 01:08:33,600
So I think this goes along with what you were just talking about.

1122
01:08:33,600 --> 01:08:38,280
Curious to your thoughts after token on prospects for the big three along with leading alts

1123
01:08:38,280 --> 01:08:39,280
for the remainder of the cycle.

1124
01:08:39,280 --> 01:08:43,520
Grant seemed to have some interesting thoughts on Sol versus Eath, Tao entering top 10, etc.

1125
01:08:43,520 --> 01:08:47,360
I think we answered some of this.

1126
01:08:47,360 --> 01:08:48,360
Yeah.

1127
01:08:48,360 --> 01:08:51,040
Big three along with leading alts.

1128
01:08:51,040 --> 01:08:54,320
Yeah I think Tao gets in top 10 quite easily.

1129
01:08:54,320 --> 01:08:56,640
Top 30 now.

1130
01:08:56,640 --> 01:08:59,080
Yeah.

1131
01:08:59,080 --> 01:09:09,920
I wouldn't be surprised to see a new L1 peak into that if not by merit, just by pure fucking

1132
01:09:09,920 --> 01:09:13,520
shenanigans with like SUI or Aptos.

1133
01:09:13,520 --> 01:09:18,400
What else?

1134
01:09:18,400 --> 01:09:24,520
I think you can never fade BNB as well, which we probably don't cover as much as we should

1135
01:09:24,520 --> 01:09:33,160
on here, particularly the four days before I see these out and stuff like that.

1136
01:09:33,160 --> 01:09:39,320
And then yeah, other than that, I can't really put my finger on how the cycle is going to

1137
01:09:39,320 --> 01:09:44,920
converge, but I definitely think a big shake up would be Tao being in there and solidifying

1138
01:09:44,920 --> 01:09:46,480
itself in there.

1139
01:09:46,480 --> 01:09:48,480
Love it.

1140
01:09:48,480 --> 01:09:58,640
Also, your approach to profit taking change as we move to full blown bull market.

1141
01:09:58,640 --> 01:10:01,440
Withdraw more.

1142
01:10:01,440 --> 01:10:04,080
Just keep withdrawing money.

1143
01:10:04,080 --> 01:10:08,920
I think it depends on what your goal is when you enter into a trade.

1144
01:10:08,920 --> 01:10:13,160
If you're just looking for a certain flip, then have those price targets in mind.

1145
01:10:13,160 --> 01:10:17,760
But I think we've talked about quite a bit on portfolio targets and that's kind of how

1146
01:10:17,760 --> 01:10:18,760
I look at it.

1147
01:10:18,760 --> 01:10:21,960
Like once you hit that portfolio target, it doesn't matter if you think it's still going

1148
01:10:21,960 --> 01:10:22,960
up.

1149
01:10:22,960 --> 01:10:28,200
That's when you start, you do your cash outs at that point when it's an actual real life

1150
01:10:28,200 --> 01:10:31,160
change that you've set beforehand.

1151
01:10:31,160 --> 01:10:35,800
That's how I think about it anyway.

1152
01:10:35,800 --> 01:10:42,160
Yeah I think it's strange because at this point in the cycle, everyone's going to be

1153
01:10:42,160 --> 01:10:49,640
calling everything a top signal when I honestly don't think we've seen anything yet.

1154
01:10:49,640 --> 01:10:52,640
I mean, completely honest.

1155
01:10:52,640 --> 01:10:59,840
So it's just trying to do yourself a favor and don't leave at the end of the cycle with

1156
01:10:59,840 --> 01:11:05,320
regrets and then you can kind of put yourself on the back and then do it all again next

1157
01:11:05,320 --> 01:11:06,320
time around.

1158
01:11:06,320 --> 01:11:08,240
Because there will be another next time as well.

1159
01:11:08,240 --> 01:11:09,240
Yeah.

1160
01:11:09,240 --> 01:11:14,960
I think if you can secure enough money to do crypto full time for the next cycle, like

1161
01:11:14,960 --> 01:11:18,360
if you have the optionality to do that, I think that's worth so much more than anything

1162
01:11:18,360 --> 01:11:19,360
else.

1163
01:11:19,360 --> 01:11:23,760
Like this is the first time that I'd been able to allocate all my time into crypto during

1164
01:11:23,760 --> 01:11:25,360
a full bear market.

1165
01:11:25,360 --> 01:11:30,120
And I'm just so far ahead of what I thought was actually possible for myself.

1166
01:11:30,120 --> 01:11:34,040
And I think that is down to just spending so much time in the market and being on your

1167
01:11:34,040 --> 01:11:38,480
computer every day and not having other distractions because no matter what you do for a job, it's

1168
01:11:38,480 --> 01:11:39,880
a big distraction to this.

1169
01:11:39,880 --> 01:11:45,320
So if you can secure some runway for yourself, I think that'd be a really good idea this

1170
01:11:45,320 --> 01:11:48,640
cycle and then just cash out a certain amount each month.

1171
01:11:48,640 --> 01:11:52,000
Honestly, I would say do that as long as you're continually withdrawing, continually selling,

1172
01:11:52,000 --> 01:11:56,280
then you're not going to regret having money in your bank account.

1173
01:11:56,280 --> 01:12:00,960
Yeah, particularly if you're like young or you don't have any like major responsibilities

1174
01:12:00,960 --> 01:12:03,720
or you're relatively comfortable while you could do it.

1175
01:12:03,720 --> 01:12:09,880
I don't know why everyone pushes everyone not to go full time, particularly if you could

1176
01:12:09,880 --> 01:12:13,040
lend yourself like part time or even full time to a job in the industry.

1177
01:12:13,040 --> 01:12:17,560
I think it's fucking stupid that people don't.

1178
01:12:17,560 --> 01:12:24,880
There's so much edge to be gained by just being inside the industry as well.

1179
01:12:24,880 --> 01:12:25,880
Yeah.

1180
01:12:25,880 --> 01:12:27,680
But yeah, that it?

1181
01:12:27,680 --> 01:12:28,680
Back on.

1182
01:12:28,680 --> 01:12:29,680
That's it.

1183
01:12:29,680 --> 01:12:30,680
Cool.

1184
01:12:30,680 --> 01:12:31,680
So.

1185
01:12:31,680 --> 01:12:32,680
Sweet.

1186
01:12:32,680 --> 01:12:35,120
Glad to be back.

1187
01:12:35,120 --> 01:12:37,120
Back gambling.

1188
01:12:37,120 --> 01:12:41,320
See you next week.

1189
01:12:41,320 --> 01:12:43,320
Yeah, thanks everybody.

1190
01:12:43,320 --> 01:12:45,200
Bye bye.