Risk On Podcast

Prediction Markets VS Pumpfun | EP 61

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0:00 | 55:37

Covering:

• Alon says gamble on memecoins, not prediction markets 
• BTC loses 80k 
• We're bombing Iran again?
• Saylor pivot "buy more than I sell" 
• Coinbase posts $400 million loss days after laying off 14% 

And more.

SPEAKER_02

Good afternoon, welcome risk on episode 61 brought to you by uh FOMO. Best multi-chain trading experience out there. Go check it out today, download it, go trade with us. Um also shout out FOMO for sending me a mouse. Did you guys get mouses too?

SPEAKER_01

I haven't got that yet, man. I'm looking forward to it. I actually would do with that. Like I I would use this. Like you would use a mouse? I would use the mouse. That mouse is sick. That mouse is literally sick. Um if you have if you're not using the mouse already, would you need to need to start using the mouse?

SPEAKER_02

I actually don't even use a mouse or a keyboard. I just use mine last time. This guy's so unserious, bro.

SPEAKER_01

This guy's a trap pad.

SPEAKER_00

I have mine. It was I was supposed to bring it up here, actually, but it's it's still uh wood mac mini mode right now.

SPEAKER_01

In the plastic.

unknown

Yeah.

SPEAKER_02

Yeah. Well, one day when I when I go on camera, finally, I will show everybody my unopened Mac Mini box, which you guys can actually see on the bottom of our screen. But it is unopened. Um still, I'm still, you know, maybe one day I'll open it. I'll become a Mac mini guy. A Clawed guy, but for now I'm not. Um, but anyways, thanks, Fama. When did you buy that thing? A long time ago. He was early.

SPEAKER_00

He was early. This was like the early initial bubble of Mac Mini taking over when OpenClaw first got released. So Wood was actually like he had a chance to be early, but it just never came out of the box. And then it became relevant. You no longer needed it. And so now who knows, man? It might have to get auctioned off.

SPEAKER_01

Bro, honestly, it might have to go. Go back to Amazon at this point. Might have to go back to Amazon.

SPEAKER_02

I should return it actually. I should take my 700 bucks, whatever it was. I just get it back. The best part is that I paid you want for express delivery. I paid for same-day delivery. I was like gonna rip this thing open, and then I was like, who am I kidding? I'm not gonna do that.

SPEAKER_01

Imagine all the greatness that could have been achieved if you cracked that open.

SPEAKER_02

You know, I mean, there's still time. I still could become great.

SPEAKER_01

Yeah, true. Time's sticking, though. Time's dicking.

SPEAKER_02

Not as great or not as rich as you fuckers are though, currently, with your Zek bags. Um last episode, Zek was this was Tuesday. I think Zek was at like 380, 400 bucks on Tuesday.

SPEAKER_00

And we were feeling pretty good about that. Well, you were pretty good.

SPEAKER_02

You were pretty euphoric, and now we're just up another 50%. And Swizzle is writing fucking articles on X. That's how euphoric Swizzle is. You know Swizzle's euphoric when he's writing Twitter articles. I didn't read your article, it was too many. I figured you didn't.

SPEAKER_00

I figured you didn't. I have now written two articles in the in the X article era, and they've both been Zcash related. And the first time I wrote it, I think I like truly put the top in. Um I think we were like, you see that wick at the top at like 730 bucks or whatever. We were we were going back down. I think it was like it was around 550 bucks, and I was like, you know, talking about buying the dip, and I figured this was a nice little consolidation posted article, and then a lot of a lot of blood after that. So let's let's see this time around if I can do the same thing. Let's look at this chart, by the way.

SPEAKER_01

Like, you know how you know how happy this makes me. This is probably one of my biggest bags right now. You know, go to the weekly, go to the weekly, actually.

SPEAKER_00

The weekly is looking real nice.

SPEAKER_01

We're getting our asteroid moment. We're getting our asteroid moment where Wood's sidelined and we're in, but we're just in Zcash, you know.

SPEAKER_02

This is a horny chart.

SPEAKER_01

Yeah.

SPEAKER_02

This this chart wants it.

SPEAKER_00

Yeah, is it crazy to say it looks like a chart that's warming up?

SPEAKER_01

Yeah, yeah, that's the perfect word. I think that's the perfect word. It's warming up, it's brewing.

SPEAKER_00

It almost looks like the previous the previous uh um the first run-up in November is kind of looking like a test pump now.

SPEAKER_02

Yeah, add fuel to the fire CZ this morning. Said that Bitcoin might be replaced in the future.

SPEAKER_01

What's it gonna be replaced with? Music to my ears. That is music to my ears with Zcash. As someone who don't doesn't hold any Bitcoin, but they hold Zcash. I am fully full back.

SPEAKER_00

I think that I actually sets that's something we can get into it later, but I think this is like segment worthy that we talk about. Because do any of us own Bitcoin? Would you hold it?

SPEAKER_02

I actually tweet, no, I hold I will I I I do hold some in like IRAs and whatever, but I actually tweeted out this morning a uh picture of the one-year QQQ chart and said, imagine owning BTC in 2026.

SPEAKER_00

So that's I saw your post and I actually wanted to talk about it because I think we're at a really strange inflection point that I don't I don't really remember having like this sentiment starting to traverse around amongst like people in CT or multi-cyclers. Like the the sentiment has always been like you can do whatever else you want to mess around on chain. The goal is to accumulate Bitcoin, right? And like effectively, it's like there's a ton of volatility in Bitcoin, but like just with that asset, buy and hold, that's the end game. Um, and it feels like it's shifted in a material way, unless I'm just one of these like degenerates who's at the far end of the risk curve and I'm just gonna be proved wrong again, and it's like, hey, you shouldn't have done that. It feels like because of everything that's happened over the last few years, where Bitcoin is at now, it doesn't really feel like a like an like a lot of the the masses and like with all the institutional talk, like the normie kind of like mindset is now in on Bitcoin and they view it as like, okay, just buy Bitcoin. And I feel like a lot of like crypto natives have a mindset now that is like it no longer makes sense to hold Bitcoin. Yes, it's gonna go up, yes, it's gonna lead the asset class, and that's the bet we're taking. But if you believe in this industry, it's not asymmetric to hold Bitcoin anymore. You need to find the pockets of outperformance and what is real that's separated from the trash of the altcoin landscape. I I am really wondering if it makes sense to hold Bitcoin in a portfolio. I just don't know. Like, I don't know if I see considerable upside in comparison to equities on Bitcoin. And I do see that in select assets. I think it can be true that altcoins are a scary place to be and you you can't get caught bag holding them, but that's for like the the majority of the asset class. But there are specific assets that I would rather hold long term than Bitcoin right now.

SPEAKER_01

Which are they? Hype and Zcash?

SPEAKER_00

It's it's the same ones as everyone else. And this is kind of what my article was was hinting at. But yeah, it's really it's like hype and Zcash. You know, for me, Zcash is more interesting than hype based on where we're at with things and based on like the speculatory nature of it. Um, but yeah, it's really those two, and then there's like other things that I think are worth like the merits, the merits of like continuing to due diligence on are worth kind of looking into to decide if they go into that category. But like I can't sit here and say I think it's a better idea to hold Bitcoin than it is to hold Zcash.

SPEAKER_01

Yeah, I I hate to say it, but I kind of agree. I kind of agree because last cycle Bitcoin was way more interesting, you know. Maybe this isn't the cycle lows because I would say I'm not interested in Bitcoin at this current price, but I would be interested in the 50s, the 40s, but I don't think we're getting that. But last cycle it was like, yeah, we had 15k bitcoin, like we had 15 to 20k bitcoin. That is really interesting. That you can go, wow, I'm like considerable upside is here, considerable upside is here at 15 to 20k. At 80s, like I just yeah, I'm I'm in the same boat. I I I don't see massive, massive upside, and it's like I would much rather hold yes the riskier asset in Zcash and Hype. Would I be comfortable buying Zcash here right now? That could be a bit shaky, you know. I don't think I would.

SPEAKER_00

Yeah, yeah, for sure. It's gonna be really volatile. I guess my point is I want to ask you guys this because I would say certain alts, let's look at hype, for example, have proved to be pretty resilient during just a disgusting, nasty bear market, right? Pretty resilient. They've been they've been damaged and bloodied, but pretty resilient. Um if we get back into for whatever reason, we are able to get back into a raging bull market for crypto. What would be your expectations for Bitcoin where you would comfortably hold to? And in that case, what happens to Zcash or hype?

SPEAKER_01

Yeah. What like a raging bull market? BTC, like what are what are the numbers gonna be called out for next cycle cycle high?

SPEAKER_00

Like Wood, where would you think raging bull market? What can Bitcoin go to?

SPEAKER_02

200? 220, maybe? Yeah, I mean, so I was saying 220. We were having this conversation about a different stock yesterday, actually. I was asking uh XY in a chat we had with him about hood. I was considering buying it, and he had a really good comment, um, which kind of also I think summarizes my thoughts on Bitcoin too, which is Bitcoin, which now it feels uh less uh differentiated. Uh institutions and all private and public companies are embracing crypto across the board. So, like, what are the catalysts next up for Bitcoin? Yeah, and like what's the upside? Like, I'm gonna hold Bitcoin, which has 50 hundred percent downside to it. Easy, like it's a volatile asset, right?

SPEAKER_00

It's not going to zero now, but there's still a significant downside, yeah.

SPEAKER_02

But what's my upside? Like, can I capture similar upside holding QQQ something with significant less downside? I think I probably can. And so, like, what why am I bidding Bitcoin today? Bro, ZC. So that's my point. Yeah, I know. I think we all we all agree.

SPEAKER_00

So, as you start talking about Zcash, of course, this is risk profile. I get that, but the downside on Zec is 90%, 95%. So you could you could lose a lot if your bet is wrong, but it's going to be correlated to the overall market asset class a bit. Um, what's the upside? The the the difference between that and Bitcoin, the catalysts are infinite. We're at we're in a price discovery mode. Nobody has any idea. We could be near the top right now, we could have a few more catalysts, and then there's just a certain cap, but it's at an $8 billion market cap right now, peanuts compared to everything else. Um, and just even saying some of these things that are being said on the tip of your tongue that you even have the thought in the back of your mind like Bitcoin has these quantum resistance issues. Oh, Zcash could be the possible solution for that. Uh, pri like transparency issues. Oh, the privacy thing could turn out to be really big. Like, oh, if it scales and all of a sudden you can do a lot more on the chain, what does that do? There's just infinite catalysts, and like the discoverability of this thing is is so asymmetric right now that again it can it could it could top here, it could go down 90%, 100%. But as an investor, I I just I I I can't really make an argument for why Bitcoin is makes more sense.

SPEAKER_02

Zach could be a 5k, and I wouldn't be shocked. I'd be like, oh yeah, that makes sense. I think in the broader scheme of things, that would throw them numbers out there. Oh my god.

SPEAKER_01

You start calculating the bag at 5k, you're like, I think we're not saying probable, you know.

SPEAKER_02

No, no, but like it wouldn't shock me. And like I don't, you know, like are we in you know, equities have massively outperformed crypto in the last year, it's clear. So, like, if equities even so uh sneeze, crypto gets taken out to the fucking woodshed. There's still that massive like risk hanging over everything, I think.

SPEAKER_01

Like that risk has been there like for the whole time, you know. I know people who've been scared the whole cycle of going equities look tops, and then like it just simply they never are, they never are, and it keeps on ripping up. And yeah, that's low-key.

SPEAKER_00

We are if we go back to our guy, uh, what's his name? Ben Cowan, the guy I had accidental Twitter beef with. Yeah, we're nearing that inflection point of uh you remember we talked about how in past cycles he was right, right, right until he was wrong, and then he kept bear posting all the way as we just grind it up. Yeah, um, we're kind of at that moment where like we're sort of at the point here if we test 83k again, if we test 86k, if we test 90k on Bitcoin, like he could be right, and that's you know, we hit this peak and then we we end up barreling out and we bought him in October and it it gets really bloody again. Or, you know, do we keep grinding up while this wall of worry, you know, like yeah, it's the sell in May go away thing.

SPEAKER_01

I didn't listen last year. I didn't listen.

SPEAKER_00

Even he acknowledged though, he said there were there was a probabil a possibility that we could bottom in May. Wow. According to some of these really cycle truthers, you know.

SPEAKER_02

A lot of smart guys think we're up only from here. I've seen a lot of that. Um, I I I generally have no idea. I still am of the opinion that crypto is a place you come to for asymmetric games and you gamble on-chain. I don't see the need to be allocated to majors right now if I'm not like feeling especially strong about it, especially with equities performing the way they are. I'm personally uh sideline crypto and happy to rejoin it when on-chain or trench conditions get good. Like that's my still my take. Do you guys agree with that at all? Or are you just like I'm gonna bid heavy bags into Zec and and hope it goes up more from here, or is there any part of you that kind of feels like that's the right move?

SPEAKER_01

I uh I'm addicted to the Zek bag. I'm in love with the Zek bag. I have to be real. I'm in I'm in love with the Zekbag, and I think on-chain doesn't come back the way people think, like it just doesn't come back the way people think, it's not happening on fucking Solana. Like, this is um so hard stance, and it's not happening on Solana, like it's just a car crash every time it does, it's the same fucking players. Nah, I'm not in I'm not interested in playing that game. Um, I would be interested in this. I think it's a long way off. I know I I said this uh a long time ago, but if anything happens on-chain Zcash, I am the first guy on the chain. I am the first guy on the fucking chain. This might happen in a year, this might happen in a year and a half, but I will be all over it, no matter what Zcash prices. Um, but yeah, I just I don't think on-chain and that trench environment comes back in in the way we all know. It never does, you know? It never does, like cycle on cycle. It's like it's like it's the NFT argument, you know, it just never comes back in that way, shape, or form. Yeah, and yeah, I just yeah, hard stance, but not a popular one, I know.

SPEAKER_02

No, I mean I don't disagree with you, man. Like, I mean, especially we can segue into this quickly, is we saw Alon or Alone or Alan or whatever you want to call him. Um Henry, you can post this up now. Uh shilling Hontavirus as the token. Basically, don't bet on it on polymarket, just buy the token.

SPEAKER_01

Yeah.

SPEAKER_02

Um, which I thought was interesting for a bunch of reasons we can talk about, but like he topped the coin. A bunch of KOLs jumped into it, and then proceeded. I I saw UM shitting on pump, I saw Frank shitting on pump. Um now, do I think that there's something to what he's saying though? Like you have to talk about prediction markets better than I can, but is there any validity to saying crypto meme coins can replace prediction markets?

SPEAKER_01

I think in prediction markets you can't be scammed, you know? Yeah, you win on the outcome. It's like with with with with pump fun meme coins, you could be right, but you might just be in the wrong coin. You know, and it's not even the wrong coin, it's just it got vamped by some guy, some coal, and then you're just a dickhead who bought the wrong coin. Like when you could have just you could have you could have been on prediction markets and just been right. And if you're right, then you win. So I and it's like, yeah, posting this, posting this, and now it's it literally topped the coin, and now it's down, it is down what 65%. It's not great. You know, it's not great.

SPEAKER_00

Where was it at when he posted this?

SPEAKER_01

It well, so it wicked to 18 mil. Yeah, it wicked to 18 mil after his post, and now we're back at six. It's fully retraced the pump at this point. Yeah, it's fully retraced the pump, and it's like, you know, it's just I do see where he's coming from. I do see the idea. Like it it does make a lot of sense, but it's just it's not the same. It's simply not the same. And you're just like it's a it's it's a faster way to lose than prediction markets here.

SPEAKER_00

Yes, your upside is bigger, but I mean, I I thought this, I actually think there's so many layers to this. I thought it was really interesting. Um I I personally I don't think they're like as comparable or like I I find the the approach weird as if he's you know, it's like this is like a recognition from someone who was in this past cycle with the meme coin renaissance and all that, who's clearly coming across like threatened by prediction markets, as if they're like taking a piece of their pie. And it's like, I guess technically that is true, but I just don't view them really as the same thing. I don't view them as competitors. And when you do it in this way, if you do try to make that a competition, you're gonna lose. Because, like, we we talk about the game being solved at the end of the day, the meme coin thing, it's a game, it's a social engineering game. And I think there's a little bit of a not a little bit, a lot of disingenuineness uh of posting this because it's like, dude, there what did he say if you scroll down how much he was talking about how much volume there was as an indicator, how much liquidity. And I'm like the people who are reading your post are people who know who Elon is and know what Pump Fund is, and they know how this works a little bit. We know that volume is not exactly real. So you're using that as a metric, and it's like, I agree with you on the standpoint of like, hey, there's a better chance for like asymmetric gains. It's a it's a risk-reward game. You can't buy something on polymarket without with a few exceptions, and all of a sudden you get a 50x overnight like you can with meme coins. That was what was so amazing about them, and that's where his point is valid. But to say, oh, look at the volume, look at the difference. Like, I just I think it's a little short-sighted and it comes off a little cringe because it's like, dude, we know you're part of the reason why the volume is what it is, and that that doesn't necessarily equate to price going up. It might be there's a lot of tools that people can use to artificially, you know, make this stuff look appealing to people that don't know what's going on. Um, so they're just different things, you know, they're different things entirely. And that's not me actually, it's not an anti-meme coin take. It's like I just it was a strange post to make it a combative, competitive thing.

SPEAKER_01

Yeah, I it's I I think the volume can be real, but the volume is could be sell-side, you know? There's a lot of sell-side volume here, right?

SPEAKER_02

Right. Like it did 35 million volume, it's at 5 million market cap.

SPEAKER_01

Yeah, that tells you all the story you need to know. That tells you all you need to know.

SPEAKER_00

It there's like uh what was the coin? There was another coin that uh before this hauntivirus one, there was one called Soothsayer. If you guys saw the guy, some random account tweeted out in 2022 something about coronavirus and hauntivirus. That coin topped at like 600k market cap, and it did like 8 million in volume in the in like the first eight hours. That so, like, okay, there's tons of volume. What does that mean exactly? Told you it's a farm. It wasn't really liquid. If you had tried to if you'd tried to buy five thousand dollars worth, it would have been just an insta sold-off.

SPEAKER_01

So um yeah, I think I think volume volume is no longer like yes, it's a gauge of interest, but it's also a gauge of this coin is getting farmed to death. Um, and I think I think, yeah, go on. That's a tough one. Now, yeah, I was gonna say with with Hansa Virus, I think pump are in a tough spot of it now because it could pull the classic pump fun chart where it wicks all the way down, it goes back down to like two or three mil, it dies, like no one's really speaking about it anymore, and then it just fucking starts mooning out of nowhere. It starts nowhere.

SPEAKER_02

That's a bunk chart. That's not a pump chart.

SPEAKER_01

Also, yeah, also a bunk chart as well. Also a bunk chart as well. Um, but yeah, man, it's uh I don't know. I I'm not a I'm not a fan of how that all's the pro side, like I don't know.

SPEAKER_00

Would I don't know if you're the right one to do this, but like is there an argument to to take Alan's side on this?

SPEAKER_02

Uh pro side is that um is asymmetric upside, if you're right, uh ability to get in and out of it with more liquidity. I mean, yes, the 33 million could be sell side, it could be whatever, but there are there's an active market for this. What is the biggest prediction market for Hantavirus doing on polymarket right now in volume?

SPEAKER_00

I think that was Alan's point.

SPEAKER_02

He said he said, So I mean, we've guys, we we've had this same discussion on air before. We've shown Big prediction markets for political events before, with you know 800k in volume, where if you want to buy any size in it, you just can't. There's no liquidity in a lot of these things. So I get what he's saying. Um on the flip side of it, the downside risk is tremendous here. Um and you know, you're also not dealing with a binary outcome, and you're dealing with players with counterparties you don't know. Right? Um, and I think that's your biggest risk here. That's your threat. Like this clearly, I mean, if you look at this chart, it looks like a farm. It looks like Pump Fun farmed this chart, made some money off of it, made a couple mil off of it, and is moving on. That's my takeaway from looking at this chart and this outcome. Alone shows it, you see where that happened, and then you see what happens. Yeah, um, so like that's your counterpart.

SPEAKER_00

That's not that's not Alan's fault, though, right? That's not really like that's the fact that the game's been solved. People were looking for the catalyst. So they, you know, Alan didn't do that, they were looking for that and they utilized it as an opportunity.

SPEAKER_02

Yeah, so free market. For sure, for sure. The other thing, the and there's a whole other layer to this, which is like, should we be speculating on like a meme coin about a virus that's gonna kill people? I think it's like a moral point of view, like why is he sitting like why is this his thing? Like, why does he want to come out and make a stand on a fucking virus that's killed people in the last 24 hours?

SPEAKER_01

I think it's weird to me. It's a bet on virality, it's a bet on how viral it is and things like that.

SPEAKER_02

Yeah, but it reminds me of like the Charlie Kirk meme coin. Like, yeah, I was actually very bullish on the Charlie Kirk meme coin because we saw what happened with the Leo, the the uh Luigi meme coin, which went to like 42 or something. Yeah, so I was like, fuck, this Charlie Kirk thing is gonna be great, but then I just felt so fucking disgusting about it. I was like, I'm not gonna tweet about this. Now that's not gonna like tell my friends to buy this.

SPEAKER_00

Now that's true. Same problem happens with prediction markets and with meme coins. It's like you're gonna see you see, we saw the same stuff with prediction markets with the war. Like, are there gonna be boots on the ground, or is yeah, you know, something gonna be a specific? I think there was one about like is a school gonna get bombed, crazy stuff like that. Um, that said, like I do think it's interesting. Same day, while all this, while Elon comes out and stokes the fire, it's like meanwhile, uh we get we're getting these news that like these prediction market valuations are just going straight vertical. Like I thought this was crazy comes out yesterday. Polymarket, similar, slightly below, but like you know 22 billion for Cal She.

SPEAKER_02

This is all in a year.

SPEAKER_00

This is in one year. Like we've gone, they've added 20 billion dollars worth of private valuation. This this new 22 billion dollar round, it gets announced like Morgan Stanley's facilitating uh private deal on it. You've got I forget who else, it's big entities that are piling into this thing. So um, that's one of the reasons. Obviously, like meme coins in a more niche area had this crazy mind share in crypto, and a lot of it is switching over. So, this here is is certainly one of the reasons. It's like, okay, do we need to try to fight against this? Yeah, uh, but I don't think you can fight that battle.

SPEAKER_01

Yeah, I think as well, this is a whole different ball game. You know, this isn't this isn't meme coin traders, they're coming for the the gambling side of things, they're coming for the the bookies and shit. Like this is um and 22 billion dollars is just insane. Like in a year's time, this is the most crazy, what one of the most crazy upcomings of a company we've seen. Um, but yeah, it's a it's a whole different game. And when Alan's comparing to someone like Culchi or Polymarket, it feels you know, you guys are no longer in the same conversation.

SPEAKER_00

And and part of that is like who's this the the subject audience, like who's the target? And this is the one thing, whether you want to call polymarket or culture like crypto native or not, like they have some elements with on-chain settlement, they're ultimately consumer-facing products, like they they appeal to the masses, like even if these you're not getting the 100x returns or whatever. I think in the early days we of this uh podcast, like we talked about, um, we were a little a little bit like hesitant on prediction markets as a as a platform at first. And like, I mean, obviously, Max and I, I don't know how much we can talk about it. We're working on something in that space now, but like I've done a full 180 over the course of the last few months. I I think this is such a real, like massive target audience, like sustainable. Uh it's just a different type of TAM than it is what you see with the meme coin stuff, you know.

SPEAKER_02

Yeah, definitely. Yeah, definitely. And then and we're even seeing in memes like that, that that TAM is uh evaporating in front of your eyes, too. So it makes sense that Elon is grasping at straws to cling on to whatever he can to try to show. But I mean, I I can see I don't know, these guys have too much money to market, and it appeals to way more people than meme coin trading does.

SPEAKER_01

You know what I think is the move, yeah, for them is but they're not gonna do it because it disencourages deploys. Yeah, it disencourages deploys, it will make them less money, but it I think it will grow. Is you have prediction markets, but they're not prediction markets, they're viral tokens, and there's only one. There's only one token.

SPEAKER_00

And that are like that are like exclusive to Pump Fun. Like they announce which one is that this is the token.

SPEAKER_01

Yeah, this is the token. They they simply put one out that say for Hantavirus, like yes, but uh Calcium Polymarket have their yes or no markets. Pump fun just say, This is the coin, go decide the value. And for every every viral thing, like it's probably automated, like when it picks up, it gets past a certain view uh or like virality in terms of metrics, the coin instantly deploys, so there's no one at Pump Fun actually clicking the button. Like, it's probably just soon as the prediction market comes up, yeah, they launched the top they launched the token, and then it's fair game, but they're not gonna be able to do it.

SPEAKER_00

It doesn't fit their business model, like obviously it's not how they make the revenue, but yeah, like imagine when the labu boo craze in China was happening. If they had said, because there was literally a hundred of those tokens and multiple of them actually did pretty well. Like, imagine if it was one verified labu boo token.

SPEAKER_01

Literally, one, and then it's a clear bet on like the coin being viral, but yeah, that they're never ever gonna do that because uh it disencourages deploys and how they actually make shitloads of money. So how come no one's done that or tried to do that yet? Because because Pump Fun exists and it's uh you can innovate all you want in the meme coin space, but people always default to pump pump fun because they were like, I want this coin to be crimed. That's the only reason people buy meme coins right now is the idea of crime. There's no other reason, and until that changes, it's dead.

SPEAKER_00

There is a version of this. Uh you guys remember Lynxy? Uh this things market. Uh, he actually uh he he hit me up last night, like he wants to come on the show. I said, okay, let me read through it and we'll we'll talk about if we could. But I I think they're doing something like this where the token is deployed on the actual marketplace, not by individual deployers. I might have that wrong, but they do some stuff with like locking, like they've they don't let you sell and stuff like that.

SPEAKER_01

Like crazy.

SPEAKER_00

Uh it's like it's like uh vesting basically, which I just don't see traders doing, but I don't, yeah, I'm I'm not sure on that.

SPEAKER_01

I'm not sure on on vesting and things, but I do like the idea of a one-coin market, like it just simply comes out and you bet on the virality of the token. I think that can compete, but obviously not to the degree that prediction markets can. But yeah, I I don't see we'll let him come on.

SPEAKER_00

We'll let him give his pitch.

SPEAKER_01

Yeah, yeah, he's probably got interesting takes on why I'm wrong and why I'm a moron. Yeah, for sure.

SPEAKER_02

Um, are you guys afraid of Hantavirus at all? Generally speaking, the market does not seem spooked, it seemed spooked yesterday a little bit, but it's completely gained everything back. I'm not spooked in the slightest.

SPEAKER_01

Nah, nah, man. It's uh I think it picks up in in in Varley because of what COVID was. Yeah, I think so too. Like, and I think yeah, I think it gets way overblown, and if COVID didn't happen, this wouldn't even be a news story.

SPEAKER_00

No one would even fear response. But yeah, I mean the way it's transmitted is just totally different.

SPEAKER_02

Um we saw all of CT like praying for it to become a thing, like, oh, we're gonna get oxidity injections again, markets are gonna go vertical, give me Hantavirus. Everyone was saying that, and I was like, do we want that? I don't know.

SPEAKER_00

Would was there a small part of you in the back of your mind that wanted that?

SPEAKER_02

Dude, there was a huge part of it.

SPEAKER_00

Not the not the human effects, not the human effects, but I loved COVID, man.

SPEAKER_02

I was so happy. I was so happy during COVID. I don't know how how you guys experienced it, but I loved it. I I had a great time.

SPEAKER_01

Yeah, so was I. Um well I yeah, I was pretty much doing what I'm doing now, man. Nothing's really changed, actually. Nothing really changed, really changed.

SPEAKER_02

Yeah, my life forever changed. I stopped going into an office and I just never went back. Yeah. And like I ended up here somehow. But it was like the beginning of the end of me working for anyone.

SPEAKER_01

Yeah, also the the business I was in during COVID, like you were like two years old when it started. How was that business then? Quite literally, yeah. I was in a business full of two-year-olds. Great stuff.

SPEAKER_00

But uh you guys back during the COVID days, were you guys uh like in the whole like retail Robin Hood mania? Like, would I could see you being a hardcore GameStop guy?

SPEAKER_01

GME guy.

SPEAKER_02

No, I was not a GME guy. I was a crypto guy back then. I was a DeFi East Avax. I was trading crypto hard during during during COVID season.

SPEAKER_00

And this is when was that when Dogecoin like really took off?

SPEAKER_02

Yeah, yeah. Yeah, that was Doge days. Dude, that was like the golden days of crypto. I was the golden day. I have so many fond memories of that time of crypto Twitter, and I wasn't even on crypto, I just read it and I was you know just a casual viewer of it, but I really appreciated the people who were the main characters back then.

SPEAKER_01

Hasaka, D Gen Spartan.

SPEAKER_02

They were the best, man. Yeah, yeah.

SPEAKER_01

Yeah, he would tweet the sushi logo and sushi swap with 10x. Dude, it was so awesome. Yeah, it was great. It was great.

SPEAKER_02

But like back when I was first starting in crypto, I was like, I didn't know anything about what I was doing, and I would join these like Discord channels that like in hindsight were clearly just guys pumping and dumping on me. But like I was like just trying to like figure it out. I didn't know I didn't know anything about anything. Um, and I had no network in the space, so I was just trying to like I figured out as I went, and I got you know, I was exit liquidity for about six months probably before I figured anything out, but it was still it was it was so much fun. Um, and I got completely addicted to the space, and I'm still here what five years later now, six years later.

SPEAKER_01

I think that was the moment that got us all hooked, like a lot of us hooked. Um like that initial craze. I just remember so vividly. I I made so much money, also lost it so quickly as well. But on the Solana uh Luna Avax sushi trade, I made so much on that, and yeah, I just evaporated it just as fast as I made it.

SPEAKER_02

So have I told you guys I bought Solana at $4 and sold it at $10? Yeah.

SPEAKER_01

Many set pieces, many sense cases. Bro, I remember watching that rip on the first rip, like when it went to like I remember seeing it like $80, and I remember watching it on Binance. Yeah, I used to trade Binance perfs, and I was watching store like bro, because the it no, it was no KYC, bro.

SPEAKER_02

There was no KYC. I was using a VPN, and then I I I I had like I had like 50k on on Binance, and my butt and someone convinced me they're like, dude, they're gonna steal all of your money from you. You need to take all of it off there, but then I couldn't trade. I I was trading RSR and Solana on Binance.

SPEAKER_01

RSR.

SPEAKER_02

RSR I made good money on RSR, and I had to rip up, so I took all my money off of there, and then I was an ETH guy, I would not bridge to Solana, I would not bridge. I was I was I was only ETH, I was ETH DeFi, and then I bridged to AVAX and I was an AVAX guy. But Trader Joe. I was a big Trader Joe guy, it was my best trade in the cycle, was Trader Joe.

SPEAKER_01

Yeah.

SPEAKER_02

Um, but I would never I never bridge to Solana. Um, although I so a buddy of mine, who I still I I hope he's not listening to this, he was like known as like the crypto guy amongst like amongst like my group of college buddies, and he made like a little bit of money, I think. I mean, I I don't know how much money he made. Um and so he raised a fund at like the peak of at like the devastating mistake, man. So he raised like 300k or something. I think I gave him and like I had been trading in the space and made some money, so I gave him 10, I gave I gave him 10, 10, 15k or something, and he was buying like SMBs for like 300 Solana. He was he was everyone's sole NFT exit liquidity, or I was because I invested in it too. And now I think the fund is down like 80%, and I still have money in it.

SPEAKER_00

Is he still operating it though?

SPEAKER_02

He's still going, he's still operating it. Um I doubled down on it after after I made some money on Bonk like two, two and a half years ago. I gave him another like 30k because it was like really down in the shitters, and he needed capital to keep going. And I was like, you know what, I'll just buy like a bunch more percentage of his fund and like maybe he'll catch something that I don't. And he caught absolutely nothing.

SPEAKER_00

Most raging bull market of all time.

SPEAKER_01

That's impressive. How did he not catch anything? I feel like all you had to do during that time was turn up and you would just click buttons and make money.

SPEAKER_02

Like so somewhere, my buddy, I think he turned like my it's like 30 or 40k into I think like down 75% or something.

SPEAKER_01

So you know what's the the craziest part is a lot of the main characters in the meme coin space as well weren't even around when the bonk and the shark cast.

SPEAKER_00

They don't even know they don't know what bonk is, like they like they know about the bonk fund launch pad and stuff. They don't know, they don't know like what really happened, and it's crazy, you know. Like, obviously, there's different people involved with bonk and all that now. I don't know if it's the same thing it used to be, but like like that shit literally saved I don't want to say anything too hydraulic. You could say it saved crypto, like like legitimately, legitimately. In terms of like because it created the entire on-chain wealth. It was like maybe small in the grand scheme of things, but like the wealth effects of that airdrop literally like it got airdropped to these developers who were all about to quit. They were all about to quit, they had no funding left, they hadn't, they had no runway, they were giving up, and then all of a sudden they got these 20, 30, 50, 100k like stimmies, and it let them keep going, and then some people got rich and they started doing it, and the whole meme coin thing started. Like it was like the next evolution, and it it's it's crazy that the new like generation of traders like not that it's it's not relevant to them anymore, it doesn't matter, but like the lore of like like none of this would exist without that, and it's pretty wild.

SPEAKER_01

A lot of them never experienced a good market, like a lot of them, like Jack Duval, for example. That's funny. I think he's bro, I think he's so funny. I think he's so funny, but he joined this space after Trump. He joined the space on Trump. Dude, like what brought it up? That's when he joined the space. Yeah, he yeah, he joined and started trading meme coins like pretty much. Yeah, that yeah, literally after it was over. Like it, bro. I was already done by then, you know. I was already going like, wow, this is a great, this has been a great cycle. Like, yeah, and he joined it.

SPEAKER_00

He had a great tweet on the Alan thing, actually.

SPEAKER_02

Yeah, I know he did have a great tweet. I wanted to bring that up, but I forgot to. Um that actually made me respect Jack Deval, actually.

SPEAKER_01

Yeah, no, I think he he's got some good takes, but it's like it's like, wow, bro, you actually you missed the fucking goods part, man. You missed where it was all fucking booming.

SPEAKER_02

The craziest thing about about about these new guys who haven't been around is like the majority of the people who have real money in crypto or uh who made real money in crypto this cycle just like are uh fucked off basically. Yeah, or like don't have big accounts, or they're just like random guys you don't know who they are. But like a lot of like the bonky Cs, um, guys that made money on Wiff, on PopCat, C My Stuff Um you just don't know who the fuck or the guys that made real money in uh AI season, even like they're just like gone in the wind.

SPEAKER_01

Yeah, I I I think yeah, CMice is a great example of that.

SPEAKER_02

Yeah, and these main characters are these guys like fucking scented who are grinding over like 50k tokens and like 10k like 10k wins. Like the guys that made like you know, we know multiple people that made millions off of the countless tokens and you just don't know who the fuck they are. Uh yeah. Bring that back again, please. I would like that. I would like that era of like the possibility of being able to make a seven-figure trade be back off of nothing.

SPEAKER_01

Yeah, that was uh it was a good thing. You would log on one day and it would win.

SPEAKER_00

You know who like I feel like we used to shit on this guy a lot, but he kind of nailed the whole thing. Was you guys remember uh Andrew Kang?

SPEAKER_02

Yes, he robotics guy, yeah.

SPEAKER_00

But he he's insufferable, right? But he was one of those like old school kills he printed for sure in these first few cycles, and then he hard pivoted to AI and robotics. Yeah, and people thought he was just being a douche about it. Like, oh, he thinks he's so smart, he can go do AI and robotics. Probably got him some pretty good. Yeah, he won. I think he got him some pretty good deals.

SPEAKER_01

He won, man. He won. I remember uh there's a video on my computer somewhere. I I tweeted this out as well, it'd be in my media somewhere. When he was pivoting to robotics, I was clowning on him, and I like put his profile picture, I put his profile picture and like the GTA theme song like with a list of loads of GTA crimes next to it when he pivoted to uh robotics and he turned out he just won forever. Um what does he do now? Is he still tweeting or is he just fucking yeah?

SPEAKER_00

I actually I he randomly popped up my algo and I reposted an article of his last week. I think he mostly just talks about robotics stuff.

SPEAKER_01

Yeah, he's got a picture of himself now on like this guy's sick, bro. This guy's fucking cooler than me, bro. Fuck.

SPEAKER_02

Cmeister just pinged in uh ETB that he never listens to to uh Risk On, and he just listened in and he heard us mentioning him. So I'm gonna talk about uh I made a tweet about him saying crypto bros will make eight figs off meme coins and be like, you know what? I should start a fund investing in growth in growth stage companies across the Middle East, and that was about C-Meister. Um so I was clowning on him then, in the way that we all clown at Andrew Kang. I wonder if Cmeister will end up being right and make me.

SPEAKER_00

SeaMister's so tuned out, and I mean this as a compliment. He's so tuned out, he has no idea what's going on with all this, that he pops in to like check in on crypto every once in a while, and he's like, Oh, things are maybe looking good. Maybe I'll maybe I'll bid bunk. Or like maybe I'll, you know, like bid useless. He's still trading. He doesn't even know, he doesn't know that there's been hundreds of thousands of the next token, and that we everyone has moved so far past that. But that's gonna be me soon. I feel like he probably has mental, I wish I could say he has mental peace and clarity, but he finds something to be upset about every day still.

SPEAKER_01

So yeah, he's still like probably like buying Farcoin or something. But everyone's moved on.

SPEAKER_02

He's uh he's Lip Wheeler still shills Farcoin every day. Does he?

SPEAKER_00

Well, Farcoin's been ripping. Fart I mean, Farcoin actually in a way is still in a it's it's just a it's a perps vehicle that follows the market.

SPEAKER_01

Yeah, you can't be up 25.

SPEAKER_00

It's gotta be up like uh it's up, it's up.

SPEAKER_02

Yeah, yeah, yeah. I mean, do you get so it looks like the Clarity Act's a done deal, which I think is probably a big reason why prices are behaving the way they are now? Swizzle, you were a long staying standard. You you've been saying forever that once this gets passed, that's when you ape into markets. Big Clarity Act Act. Are we pricing the Clarity Act in early? And are we just gonna have a couple months of raging, like in the same way that when Trump won the election, it just was down only afterwards? Like Trump's win was priced in, and then we died for you know a year. Is that what's gonna happen to us with Clarity Act, perhaps? Or do you think it actually can kick off a proper bull market?

SPEAKER_00

Yeah, so here's the thing. Um, I fall I used to follow the I was I was reading anything I could find on it a couple months back. Um the Clarity Act has been a near-done deal or a thing like three or four different times now, and we keep seeing this. So whenever you see in the media, it's like it might be true or it might be that they're trying to apply some pressure or whatever. Um they're talking about July 4th as the date. Um, I think ultimately, like I think I think it's very real. I'm not I'm not assuming this happens, it still could not happen. But if and when it does, I think it's legitimate. It's just like if people are expecting it to be Clarity Act gets passed, and then all of a sudden we rip, you know, straight back to 100K and all the altcoins go crazy. I don't know if that's how it'll work. If it had passed unexpectedly when Bitcoin was still in the 60s, I would have for sure been like, okay, I'm gonna I'm gonna pile into stuff. I think right now I'm already mostly allocated, like I've been allocated, but because we're at where we're at in the market, I more view it as like a I think it's a multi year, very bullish directional trend. But that doesn't mean it's not gonna be a candle that gets sold off or something in the short term. Um, and the reason I say this is once it gets passed, you still have to understand these institutions. Move slow. So, like it's not like it gets passed, and then all of a sudden, all of these, you know, institutional funds and all that are just like clicking the green button and everything goes crazy. It's gonna take months, if not years, for them to properly allocate. And we don't know exactly how they'll do that. Some of them have strategies, some don't even have strategies yet. So um I think it's really bullish. I just it it doesn't, you know, our crypto nature is like something good happened, like let me put 100% of my funds in tomorrow and expect it to go up 30%.

SPEAKER_01

Yeah, and then when it does, and then there's people counter trading that.

SPEAKER_00

So, like, you know, I don't know how much you can read into it for for price action.

SPEAKER_01

Yeah, I saw I saw a bunch of the institutional guys, the Goldman Sachs, the JP Morgan's, they're all hiring shitloads of crypto roles now, like a massive influx of them. So it's probably definitely done. It's probably definitely done, and they're just hiring shitloads in in the in the crypto space now.

SPEAKER_00

It's a matter of when, more so than if at this point, I think is fair to say.

SPEAKER_01

I think on the institutional side, a bit of a weird but Coinbase, man. Um they went down yesterday, bro. They went down yesterday for like four hours. There wasn't a single Bitcoin trade for four hours on Coinbase, and no one seemed to be asked, everyone was just clowning them.

SPEAKER_02

So yeah, there was that with Coinbase, their earnings were atrocious. They posted a $400 million loss just the day after they cut 14% of their business to focus on AI, or so they said, however, their transaction revenue fell 40% year over year. Company doesn't come out and cut 40-14% of their work staff, I mean 14% of their employees, and they brand it as an AI shift in their business. Like, no, you guys are fucking losing money. This is like a we need to cut our staff because we are idiots overspending, and then we're also having non-technical people ship code and we're going down for five hours.

SPEAKER_00

Yeah, that was bad, real bad timing. Really unfortunate timing because they're probably totally not related, but funny. Very funny, objective.

SPEAKER_02

It's a good soundbite.

SPEAKER_00

Yes, objectively, very funny.

SPEAKER_01

It is funny, but it's yeah, it's like that they're probably in like revenue-wise, like actually making money, they're probably not doing that bad, but it's like their spend is just complete madness. Like they spent like on Kobe, like Echo, what was it, 200 mil or something like that? 400 mil, yeah, on Echo, which is not really done anything since that. Like, I don't know how many deals have gone through, but I haven't heard of anything notable. They bought Kobe's podcast for how much, like 20 mil? 25 mil, yeah. 25 mil. And like they bought what was the uh the what was the exchange they bought for like 2.9 bil? They acquired someone for 2.9 bil? Like deribit. Yeah, yeah, Derabit. Yeah, yeah, it's like this is this is crazy, man. This is absolutely insane. Like I don't know what's going on over there. And base, like their base just being a literal car crash.

SPEAKER_02

Um and now they're doing prediction market stuff, institutional custody stuff, base chain, but they can't even like keep the fucking lights on.

SPEAKER_00

I think the headline with like the the revenue losses is a bit sensationalist because this is not a surprise. And like just to be fair to Coinbase, like this is not unique to them. Like, like all the exchanges had you know very reduced, um, reduced revenue off transactions and volume and everything. Like Robin Hood, if you look at at theirs, they did they're doing okay, but like their their crypto revenue was down dramatically. They happened to crush it on prediction markets, and that was kind of you know, they're saving grace, and they have other you know elements of the business that are doing well, but like anyone whose primary business is crypto right now has had a rough year. Um, I think I think what it goes back to is like Sats, what you were saying is like the problem is they keep chasing. Like the these are probably not massive expenses for them, like in the grand scheme of things, but when you're chasing prediction markets and you do a shitty job and it's not a good product, and then you chase you know this and you chase that, and all of a sudden you chase five or six different things and it's amounting to a few hundred million dollars. It's like it's not just the money, it shows that that you have a lack of like proactive direction. Like you can't just try to chase things that other people are doing better and slap them on, and and it you know, eventually that becomes your identity that you do a bunch of things not very well, and that's what they have to be careful about. But it's a good company, it's a good company, yeah.

SPEAKER_01

It is a good company company, it's just it's consistent misses, you know? It's a consistent miss. And when you buy when you buy Coinbase stock or something, you're buying because you believe they can produce what's gonna be hot in the future, and that they're currently proving time and time again that they're missing, they're missing consistently. Like they're missing base chain, Zora, uh, Echo, Derabit. Like, how many more misses can you afford? You know, but it they're gonna survive, they're first movers. Coinbase is still a good product, like you can't take that away from that. The balance sheet must be, I don't, I've done no look. Their balance sheet's gotta be absurd. It's got bro, the amount of bitcoin these guys hold is completely insane.

SPEAKER_00

Yeah, completely completely they bought um we had it here somewhere, right? They bought like 800. I don't want to say it.

SPEAKER_02

They bought 88 million worth of Bitcoin or something.

SPEAKER_00

Oh, 88 million for some reason. That's thinking 800 million.

SPEAKER_02

Uh, yeah. Speaking of buying and selling Bitcoin, Sailor for the first time hinted at selling Bitcoin, saying, yeah, what what do you say? He said that his only his goal is to buy more than he sells, and he's gonna have to sell Bitcoin to pay out strike dividends.

SPEAKER_01

Bro, he's just trolling at this point, bro. He's just literally trolling. Like he's he just jumps on the timeline, says anything, goes on croc and goes, make me some bullshit to post. Um, and it works, man. It literally works, like there's nothing more to it. Like, what are we talking about? Whoa, like what are we talking about here?

SPEAKER_02

He's just he's just getting us all ready for his first sales. He's just trying to get us ready. He's getting our he's he's getting our asshole stretched, he's making sure we're primed. Yeah, he's ready, he's getting us ready.

SPEAKER_01

Um, yeah, and then he's gonna fund his uh his uh what is it strike? He's gonna fund the strike dividends, come back, raise more money off that, come back with more. What if he doesn't come back with more though?

SPEAKER_02

Is it like yeah, I I don't know, man.

SPEAKER_00

I personally don't love his current involvement in Bitcoin, but um I do think it would be healthier if we just didn't have this whole main character thing because it's definitely a team Harris.

SPEAKER_01

Yeah. Look at his profile picture, man.

SPEAKER_02

Laser eyes in 2026? Come on.

SPEAKER_01

No, it's yeah, what what is what has happened, you know? What the hell is going on here, folks? This can't be a good sign.

SPEAKER_02

But this is our guy. This is this is the Bitcoin leader, is this fucking guy?

SPEAKER_01

Yeah, this is our guy. I you know, I'd I'm Tom. I'd rather have Tom's. That's bold. What what happened with him as well? What happened with him? He's no longer getting it.

SPEAKER_00

Yeah, they're they're slowing down, they're almost at their target, so they're slowing down their buying.

SPEAKER_01

Uh uh, almost at the target. What a great cost basis. Fantastic cost basis. Great investment.

SPEAKER_00

Chart's finally starting to look good. No, we're good.

SPEAKER_02

We don't have any more. Crazy, man. I don't have any more money to buy. I've got lots of coins to sell though. Uh so you guys, you guys should start buying it.

SPEAKER_01

Yeah, what is this cost basis, man? I gotta know. What let me just Tom Lee's cost basis on ETH? Don't give me a crazy note. Okay, you know what? It's better than I it's better than I thought. He's up. He's bought a lot towards the bottom and a lot towards the top. So it's gotta be 2100, 2100.

SPEAKER_00

No way. No, no, no, no. That would mean he's up. That would mean he's up.

SPEAKER_01

It's telling me here. It's telling me here.

SPEAKER_02

For Bitmine is 3700 to 3900.

SPEAKER_00

Oh, so yeah, yeah, yeah. You have to look at Bitmine because that's the vehicle he's buying with.

SPEAKER_01

This is this is what good this is what Gemini Google is telling me.

SPEAKER_00

I'm asking ChatGBT, and it says Ethereum is just short of 2300 right now.

SPEAKER_01

There's no way there's no way he's up, right? It says by eight of as of early of April 2026, Bitmine, their average cost basis was 2100 per coin.

SPEAKER_02

It's not public. Yahoo Fine, yeah. I mean, this is all from March. I'm I don't know.

SPEAKER_01

Yeah, yeah.

unknown

March.

SPEAKER_01

Yeah, that from from Yahoo Finance. The the cost basis of Bitmine is 2100 per coin.

SPEAKER_00

Well, Mr. Lee, we we might owe him an apology.

SPEAKER_01

No, this guy's the investor of the this guy's the Warren Buffett of Crypto.

SPEAKER_02

All right, it's uh they filed something two 2369 perith. 2369? That's their SEC filing.

SPEAKER_00

All right, well, that's not bad. I mean, that's close to breakeven.

SPEAKER_01

That's breakeven, bro. Yeah, that's a good trade. That's a breakeven in this market. It's a knee slide.

SPEAKER_02

He owns $8.8 billion. Imagine the slippage of this. He's maybe getting out at $1,200.

SPEAKER_01

Yeah, yeah.

SPEAKER_02

Well, I mean, completely depends.

SPEAKER_00

But we'll find out.

SPEAKER_01

Yeah, and he's probably gonna have to find OTC buyers for that.

SPEAKER_00

It goes back to hey, maybe this guy has the same Clarity Act because he swizzle.

SPEAKER_02

When you see the ultimate bull start trying to OTC you their bags, you know it's not time to buy. Right? Like if sailors come to you and saying like they have to wait for froth. I got Bitcoin for you to buy. Do you want to open it for the five? They're holding this for five.

SPEAKER_00

They're holding this for four years minimum, right? So they gotta be looking the next time there's a frothy bull market, you're gonna know why it tops.

SPEAKER_01

Yeah, Tom Lee. Tom Lee's getting out.

SPEAKER_02

You'll see Tom Lee's face.

SPEAKER_01

He's running for the hills with his bags, duffel bags.

SPEAKER_02

Tom Lee's Tom Lee's management fee and performance fees are gonna be through the fucking roof. Yeah, oh my god, bro. Oh my god. Um, all right, let's wrap it up here, boys. Um good chatting. Uh go download risk on. Hopefully, we have a risk on weekend. Although I have a feeling we're gonna bomb the fuck out of Iran at like 445 Eastern today, probably.

SPEAKER_00

Did you what did you say go download risk on?

SPEAKER_02

Yeah, I did.

SPEAKER_00

Yeah, I didn't have you been shipping some product.

SPEAKER_02

Yeah, yeah. I've been I've been I've been shipping product with my Mac mini. Um that's a good point.

SPEAKER_00

We are uh nothing nothing confirmed, but we are working on uh a couple of our listeners reached out and asked about a telegram community, and we're working on that, putting that together. So um, I don't exactly know we're unks here, so we don't exactly know how to properly set that up, but we are working on it, and we'll have something soon on that front.

SPEAKER_02

It's gonna be great. It's gonna be great. It's gonna be great. You can all be idiots together. Um join us in being idiots. Um, that'll be fun, and I think that's it. Is there anything else?

SPEAKER_01

No, I think that's it. That's it. Until next time.

SPEAKER_02

We'll be back Tuesday, 12 o'clock Eastern. Um, go download FOMO promo code RISCOM, check out their web app. Um be back Tuesday, guys. See ya.