STRC: Designed with ChatGPT | EP 71

Covering:

• Saylor designing STRC with ChatGPT
• Cards flipping PumpFun in daily volume
• Bears are back
• Updates from the WSOP

And more 

Transcript

SPEAKER_03 0:00

Good afternoon. Risk on episode 71 uh live with Sassin Swizzle brought to you by FOMO. Uh go check it out. Download it today. Trade perps, trade tokenized equities, trade meme coins, trade uh every coin um on FOMO with uh go use promo code risk on, check it out. Um what's up, gentlemen? How are you?

SPEAKER_04 0:26

You're getting better at the intro every every episode. I was that was that was subparp.

SPEAKER_02 0:31

Yeah, it's pretty smooth now, you know.

SPEAKER_04 0:32

Pretty smooth. Yeah we worked out. I only have 71 reps. Damn. That's a lot of reps.

SPEAKER_02 0:38

You sound like it should be perfect. I won't say a professional, but you sound like a semi-professional doing that.

SPEAKER_03 0:43

Semi-professional unemployed podcaster. Should I add semi-professional?

SPEAKER_02 0:47

I need you to get some ad reads going, some more ad reads. Like I feel like you're ready for that now.

SPEAKER_03 0:52

I think so. I think I am.

SPEAKER_02 0:54

I think you're not big ad read people here, though.

SPEAKER_03 0:56

It's not really that my now now that my wife also has a podcast, I have to teach her how to how to do how to do all the things.

SPEAKER_04 1:03

One of the craziest stories, one of the craziest stories that you your wife's uh stole your personality and um adopted the podcast name.

SPEAKER_03 1:11

You know what's fucked up is last Friday she scheduled her podcast at the same time as our podcast, and she borrows my equipment to podcast, and she was just like, I really need to take your equipment. And so she just took it, and I had to use like you guys remember how how how uh how uh hard of a time I had connecting last week, yeah. So I gave my wife all my podcast equipment.

SPEAKER_02 1:32

Yeah, you guys know one of my favorite one of my favorite stories from like the early days, because like you know, we got this nice like stream set up now. Thanks, shout out Henry, but like pre-Henry, we were just doing the the Twitter spaces, and I remember one day it was just like crazy static, like like crazy muffled static. Every time Wood would try to talk, I felt like it was just going crazy through my headphones. And so we like were chatting on the side window, and Wood was like, Yeah, sorry, I'm using these like the Delta Airlines headphones that they pass out to you in the plane. I just kept them. Were you supposed to give them back at the end of the flight? He just kept them and he was using those, thinking they were podcast studio headphones.

SPEAKER_03 2:14

That's a real podcast right though.

SPEAKER_02 2:15

It was the worst audio quality I've ever experienced.

SPEAKER_03 2:18

This is actually uh that's actually true because I didn't, I I you guys can see me, but I I have the same headphones as uh as Fizzle does now. But I did use Delta Airlines headphones because I didn't have any other plug-in headphones, and I need plug-in headphones. So I backpack and I still had them. Uh that's a real podcast.

SPEAKER_02 2:34

Do you still have the Delta headphones now?

SPEAKER_03 2:36

No, I got rid of them. I got rid of them. RIP service. I I I just moved and they got they were they were uh they were terminated in the move. They didn't make it.

SPEAKER_02 2:46

One of those boxes, you the 50-50 boxes where it's like, does this one make it over to the new house or not? Dude, Delta headphones. That's tough. That's tough.

SPEAKER_03 2:54

Delta headphones, dude. I I I I I love when you move because you pack all the stuff that you know you're never gonna use again, then you just put it in like a storage room, and then it just lives in that storage room until the next time you move. I don't know. That's awful. But uh, anyways. Um, what's up today? We have we have um a good day today, it's Friday, um, which is good. But uh other than that, markets are closed. Bitcoin is what looking not so horrible. Trump is saying bleak. Yeah, I mean, people have turned mega bearish in the last couple days.

SPEAKER_04 3:28

Mega SpaceX, man. Mega bearish.

SPEAKER_03 3:32

Also, our predictions from from SpaceX were just all world terribly wrong. All three of us. I said 310, you guys each said like 250.

SPEAKER_02 3:40

Yeah, like 180. We were wrong but right. You were wrong, but right, if that makes sense. Because I think if you go back pre-IPO, what we said, we were right in saying it's going to pump at launch. IPO was at 135 dollars. We said it was gonna pump, we said you should sell the pump, and then we think it'll go down. Unfortunately, what happened was I think was I the only one that bought the IPO at the IPO? Yeah, you are I sold well like sold the pre-pump. I didn't realize we were gonna pump into the deep into the 200s. Um, so things got a little crazy, and then at that point, thankfully none of us participated, but yeah, we were like, oh yeah, well, if it pumped this far, it's gonna it's just gonna keep ripping, right? And I think we topped it by saying that.

SPEAKER_04 4:25

I I think so as well, because it doesn't agree at the moment. Um everyone was gamma squeeze.

SPEAKER_02 4:31

I see that wick on the green cam at the top, and that's when everyone started saying gamma squeeze to 400, right?

SPEAKER_04 4:36

Yeah, everyone was bringing out all the terms uh people were talking about landing on Mars at 220, and now we're talking about like can't get the rocket off the ground 181. Um fuck. I was I was so close to buying like people nearly had me. These guys nearly had me. These guys nearly had me are going, okay, bro. SpaceX is going to Mars, Elon's literally gonna land on there and colonize this shit next week. Like they were so close to having me. Thank god I didn't buy. I know a few people who bought the top.

SPEAKER_02 5:04

So like in the like in the 220s, 230s.

SPEAKER_04 5:07

Yeah, yeah, yeah. They really bought up there. Uh and now they're going, oh my god.

SPEAKER_02 5:12

Well, we may have some this might be some value territory here right now, because we're it's only about 94x uh revenue at these uh levels here. So it's starting to look more reasonable, right?

SPEAKER_03 5:24

Um reasonable, yeah. Our boy Him Garija had a great tweet about to become evident that going to space isn't enough to warrant a 500 uh PE.

SPEAKER_04 5:36

He's probably right, probably wrong. Oh, maybe he's wrong, you know. Maybe he's wrong. We're buying future revenue here. What's the revenue of landing on Mars? What if this guy structs gold? You know, you never know.

SPEAKER_02 5:46

By the way, you know we were talking about uh Elon's compensation package last week, which I I thought it was funny how how well the impressions did on that because I think the same way when Wood brought it up on the stream, I was reading it very literally. I was like, this guy doesn't get paid unless they develop a colony on Mars. And uh it is real, but I think the thing we failed to we failed to like clarify and mention on the stream that that I think didn't really get transferred in was the fact that he also owns 40% of the company separate from that. Like he already owns 40% of SpaceX. That's the compensation package. But I think a lot of people read that and and heard us talking about it, and they were like, oh my god, he doesn't make a dollar unless there's people living on Mars. Um so that's the narrative I like to believe. So yeah, that would that would be very bullish, but yeah.

SPEAKER_03 6:38

Sats is Sats is can't so Sats is here, but his camera's not here.

SPEAKER_04 6:42

Oh, yeah, it literally fell down off my desk. If you saw the setup button, yeah, if you saw the setup I'm dealing with right now, it's kind of outrageous. Um this is what Michael Saylor's got me dealing with now. He's got a lot of people. Michael Saylor did this to you. He did, he did do this to me, him and him and his strike package, him and his AI generated strike package.

SPEAKER_03 7:00

Yeah, we should we should play that video and talk about it. Um because this is incredible. And the best part about it, I I think Kaleo tweeted this out, but like he used like the earliest edition of Chat GPT to do this too. It's not like he had like today's Claude or ChatGPT to do it. I should stop as well. OG, like we had just like figured out how to like use LLMs, that chat GPT building this offer. So that's let's fire this video up.

SPEAKER_01 7:37

When we did stretch, you know, I designed all these with AI, you know. I couldn't have done it myself. I I literally said and I used artificial intelligence and I and I went back and forth with the AI for a few hours.

SPEAKER_00 7:50

So you were just on chat GPT, just like the rest of us, figuring out how to design these different offerings, and arguing with it and saying, Can I do this?

SPEAKER_01 7:58

Can I do that? And at some point I said, Well, I want a monthly preferred and I want it to be stable at 100. And it says, Well, you can do this and this and this. I said, Has anybody ever done this? And it's and it scans for 10 minutes. No one in the history of the world has ever done this, but it's totally legal and it's totally reasonable to do it. When we did stretch, you know, I designed all these videos.

SPEAKER_02 8:22

Turn that shit off, man. Could you have at least used Claude?

SPEAKER_03 8:30

It wasn't even around then. It wasn't even around then. Um, our boy XY had a really funny tweet about this because I know we've talked a lot about the quality of his um of his images, but the simple way to this situation is to understand Saylor's prompting and the images that he makes. Sailor loves to post dog shit AI images all the time. And we've had we've we've talked about this on the show before. Like, do we think he does them himself? Or he has an AI guy that does this, and he just told everybody he does it himself.

SPEAKER_02 9:06

The scary thing about this one is like we've always been like, is it kind of a shtick? Like we think it's a shtick, like he's he's doing shitty AI generated images on purpose because he's because it's a funny troll, right? It's like a good joke. No, man, it's really just his prompting skills.

SPEAKER_04 9:22

Yeah, he's going down the hill, not up the hill.

SPEAKER_03 9:24

Uh like what do we think happens next here? Like, so there's two things going on here. One, if Sailor's holding Bitcoin, it's bad, right? If he's holding it because there's the overhang of what the fuck's gonna happen with stretch and master and his coins. Two, if he sells, it's also really bad because he owns so much of it. So it feels like a complete lose-lose situation right now.

SPEAKER_02 9:52

What is what is what is that's definitely the crypto, the CT framing of this. And I'm curious outside of our echo chamber, I'm curious how people talk about it all.

SPEAKER_04 10:03

What is strike trading at right now? Oh fuck me, this can't be.

SPEAKER_03 10:10

Nah, it's supposed to be at 100 for it to be like functioning properly. Yeah, oh fucking hell. What's it that sets? Can you pull up the chart, Henry?

SPEAKER_04 10:20

Um it's currently at yeah, currently at 81. 81, okay.

SPEAKER_02 10:24

Wait, you said it's supposed to trade, it's supposed to trade stable at 100?

SPEAKER_04 10:28

Yeah, yeah. It's it's it's supposed to trade uh at 100 and be sat at a dollar, um, and then people get paid out their dividends. And but the the my problem with this is this was pitched as a uh a safe a safe thing from him. This was pitched as like, oh, this is a a good, a good uh high yield savings account, pretty much. That's what he was pitching as high yield savings account.

SPEAKER_02 10:50

So, what's actually going on when it drops when the price is down 20% from the hundred dollars supposed to be at? Like, what is that?

SPEAKER_04 10:59

I mean I actually I don't know the technicals behind it, like it doesn't work the same as like uh like micro strategy the stock does. Like it has a it has an M nav, but it's a little bit different. Um the bottom line is the way the best way to compare it with crypto is basically like a staking like software where like it's proof of stake, um, and the stake like the stake is run consensus on the on the price, but that doesn't work in practice.

SPEAKER_02 11:29

That doesn't work now and now basically the only way to pay these dividends is to just sell your Bitcoin reserves. Yes, two ways.

SPEAKER_03 11:36

How is it sell as Bitcoin or dilute master even more and sell and you know issuing more master shares to sell? So basically, master is gonna or strategy, whatever they fucking call it now, is gonna get fucking tanked.

SPEAKER_02 11:50

Well, and that's regardless. If if master gets diluted, master then blows up, eventually they have to sell the bitcoin. So it's either a now or then type of thing.

SPEAKER_04 11:58

Yeah, however, the the sale is not a lot, you know. He doesn't have to sell a lot of his Bitcoin to to cover these um these stocks, like to cover the dividends payments. It's it's it's it's a drop in the hat in the grand scheme of things. Like so that's the question.

SPEAKER_02 12:14

Can this work could is there a way this could result in a slow bleed? Is that the most likely outcome? It is a continued slow bleed where he's in a very difficult spot with his company, or does it want to result in a blow up? Does it have to be an explosive blow up?

SPEAKER_04 12:30

I don't think it ends in a blow up, and I don't think it ends in a slow, it only ends in a slow bleed if the participants around it deem that's what it means. It won't be Sailors actually selling causing the slow bleed, it'll be everyone else around him going, This is this is awful for the space. His selling won't actually do anything, I don't think. Um it will be everyone going, This is shit.

SPEAKER_02 12:52

Quite a bit of growing consensus that people don't want this.

SPEAKER_04 12:56

Yeah, I I think it's I think it's awful for Bitcoin. I think it's awful for Bitcoin. Um, it's just an overhead, you know, it's an overhead, and yes, it's a drop in the hat in sales. Um and won't is it meaningfully isn't isn't really gonna do much him selling that amount, but it's the principle behind it, and it kind of goes against his whole whole core thesis of never sell your Bitcoin. But I I saw him quote the other day, he goes, I I said never sell your Bitcoin. I I never said I'm never not gonna sell mine.

SPEAKER_03 13:25

Like what? Insane, insane. I thought insane, insane. I thought Don Alt had a good um had a good tweet about Sailor, basically saying that he operates in the same way that every other trader, you know, we've all seen these people. They win, they make huge outsize bets on one thing, they double, triple, quadruple down, they never sell, they get away with it until they don't, and their ego just fucks them in the end. And Sailor is like seemingly there right now. Like his ego is so fucking massive because he's made so much money off of this. Um and he thinks he's invincible, he thinks he can't fucking lose.

SPEAKER_02 14:04

This is a good tw this is a good post. But also at the same time, the the caveat to it is like there is no business with what Sailor's doing other than acquiring Bitcoin. That's literally that's the whole business, right? Yeah, so it's like what else is he supposed to do other than try to find ways to continue to accumulate Bitcoin? He's like it's there is not there is nothing else involved in the thesis, right? Right? He's created this kind of dividend payment thing, but it's like um how do you I mean, what do you would you even pivot to? I guess he could say, okay, we've accumulated a lot of Bitcoin, we're just gonna hold it and we're gonna figure out some other shit to do.

SPEAKER_04 14:46

But um that's his problem. What where else do you go through? What you go back to strategy, the software business that doesn't really do any revenue um and is kind of dead. Um, or do you create another Ponzi? You know what the easiest one is? Create another Ponzi. And that's exactly what he's done.

SPEAKER_02 15:03

Well, I think if you were what I would do if I were him and say, okay, this like uh I would have done this months ago, but it's like this worked. We've accumulated a great reserve. We're not gonna, we're not gonna touch this, but we're not gonna continue to I I don't even know how this if you can, but like rather than continuing to take on more debt and buy, you know, accumulate more, like, okay, let's find some really effective ways we can utilize like what we've built up and try to create some new avenues for but he's not gonna do that. Like he's he's very dug in, like he's gonna he's I think the other thing people um and this is what makes people uncomfortable is he's not he's gonna double down on this, he's not gonna back down, he's gonna keep basically trying to accumulate more, take on whatever debt he has to. Uh he's in the spot right now where you know he doesn't have a choice.

SPEAKER_03 15:55

He his only way out is to keep doing what he's doing and for it to work. There he can it it has to work.

SPEAKER_04 16:03

I I remember I put this in my tweet ages and ages ago when I was talking about Sailor that he had a route out back then of he could have pivoted to lending and lending Bitcoin out to lenders and he would have he would have been doing very well. He would have been doing very well, but he turned and assuming he got greedy and went, you know, now's the time for the new Ponzi. Deploy the dog shit, deploy the dog shit what I've made on Chat GPT, and let's see how it lands. And it's landed pretty poorly. I who the fuck would buy strike? I to be fair, down here, I feel like it's a good bet. Now I say that. Because what? Unless it's in lunar mode right now, that would be.

SPEAKER_02 16:43

I think you can't buy because of that, right? Like, you know, the downside is like zero here.

SPEAKER_03 16:49

Yeah, the upside is negligible.

SPEAKER_04 16:54

I actually just I just refreshed my timeline and I saw this, and it's it's so right. It's the the sailor situation is so insane because the wounds are all so self-inflicted. Like he is bringing this upon himself. Welcome in, welcome him in. Like, he's asking to be fucked here, and it's happening in front of our eyes. I honestly, this could be one of the the craziest tales in in finance in a long time. The movie the movie they make on this is gonna be fucking insane. It is gonna be insane. But it depends on the outcome, you know, depends on the outcome, and I don't think anyone knows for sure. Um, but you know, I just don't know where this leaves us when it's all said and done. Maybe this is one of them things that everyone gets scared about in the in the bear market, and it's just you know, survives, nothing burger, does well in the bull market, etc. etc.

SPEAKER_02 17:47

Well, maybe that's an interesting transition because like you know, we could talk about this all day, but there's also like it's almost like there's nothing to talk about. We just everyone kind of sees what's happening, and everyone hold your breath and wait and see how it resolves. But the interesting thing to like transition us is despite all this overhang that's kind of like you know has BTC stuck in the mud, on-chain is like weirdly active right now. And you know, I I'm not in any way gonna say that it's back, but like there they're for the last I would say for a few weeks now, there's been act there's been things going on. It seems some traders are back. A lot of it on the heels of like and credit to Anthem and the Market Bubble Podcast seems to have have brought like some interest and intrigue back. I don't know what like the daily active wallets numbers are and all that, but I don't know. Would you guys say the same thing that like there appears to be a little bit of activity beyond just um Bitcoin majors and and now there's like a little trickle down into some um on-chain activity?

SPEAKER_04 18:57

I actually don't know if I can even speak on this. I've been like it got to a point with on-chain where I just completely checked out and never looked back, and maybe I'm making a mistake there, but yeah.

SPEAKER_03 19:09

I mean, I I I accumulated I accumulated my first on-chain bag in since the bags meta, probably four months ago, whenever that was. Um, switch on our both in a bag together. Um, no handful of other people, even Ansom is shilling this bag. Um so there's that. There's also cards, which is really doing well. Um, cards recently flipped pump in daily volume on chain, which is fucking wild to me. That is wild. Uh that doesn't seem right, no. Every time everyone says anything about cards, they just say, that doesn't sound right. Yeah, I think is there this whole world of people like doing cards? Or I don't even know what to call them. What the fuck are they called? Pokemon cards and shit collectibles.

SPEAKER_02 19:58

The tricky thing is I've seen um I've seen some conflicting information. Like the numbers, they they do this gotcha machine for issuing the cards, right? And then basically, like people will will get a bunch of uh collectibles, cards, and then the ones they don't want, they ship them back. And so there's this kind of like uh like cyclical process of there's just tons of activity, so even a smaller amount of users can do like a ship a ton of uh activity on the platform. We we should probably bring someone on who's really in the RWA scene, um, because like you know, none of us have actually used the site. But um I did notice it's probably I think it's like double what it was now, but like as of a week and a half ago, they were putting out all these numbers saying how much revenue they're doing, and there was only like 450 daily active users. Now I think it's doubled, it's somewhere around like 1100 daily active users, but like it doesn't seem like a ton to be generating such crazy theoretical revenue, right? I so I don't want to say it's not true, but we definitely need to get someone on who understands what's happening there because it's hard to it's hard some of the numbers are are eye-popping. Um and it's a little bit confusing where it'd be coming from, right?

SPEAKER_03 21:21

I'm gonna take it choose to take it at face value and say that uh we have a winner on chain, and uh that's what crypto needs is a product that people use. I don't know, but yeah, I got I completely get what you're saying. Um, but I mean it could also just be that this is a situation, kind of like what Hyperliquid did, where it's a thing that actually has use case, and they they've been shilling these ridiculous like numbers for a while. I remember reading into cards, I think last year, and being blown away by it.

SPEAKER_02 21:49

But um then price, they just started doing buybacks uh with the token revenue. So, like you've got some value accrual coming. Uh, I guess they've been waiting for the Clarity Act. So that they can institute a formal process. But I I think they were also trying to mask it because they didn't want people to be able to see when the buybacks are coming and then end up the chart. Um so yeah, I mean, look, I I'm asking some questions about it, but I I'm very like optimistic and intrigued that that there is, you know, an RWA platform that's doing real volume, has a real loyal user base, uh tokens doing well. That's great.

SPEAKER_03 22:27

Yeah, it is great. So we had that happen. Then we had Asteroid yesterday putting an 80% candle in um after they launched the merch store.

SPEAKER_02 22:37

Like the the ETH one?

SPEAKER_03 22:39

Oh yeah. Oh yeah, Swizzle. Are you in that coin still?

SPEAKER_02 22:42

No, no, I know.

SPEAKER_03 22:44

This is gonna be fun. Pull it up, Henry. So yesterday, Asteroid uh SpaceX store drops uh an official asteroid plushie and it rips 80%. I think it topped to like 90 million or something in 3x from the bottom in one candle.

SPEAKER_02 23:00

Oh shit, it was down. It was down to like 30 million though.

SPEAKER_03 23:03

Yeah.

SPEAKER_02 23:04

Yikes.

SPEAKER_03 23:05

What was your exit?

SPEAKER_02 23:07

Uh like a hundred, probably.

SPEAKER_03 23:10

Okay, so it didn't even get so this isn't really whatever for you. We're back.

SPEAKER_02 23:14

Uh you know, it doesn't even matter when you sell. Whenever you see a bag that you were once in, and then you see a green candle, you get the FOMO. Even if it's high, even if it's uh still lower than your exit, it doesn't even matter, you know.

SPEAKER_04 23:23

Oh, is this is this asteroid? Have I joined at the right time?

SPEAKER_03 23:26

If you joined at the right time, I want I I'd had this in specifically for you two who I both know capitulated and lost on Astro. Yesterday it put in like a 3X candle in one hour.

SPEAKER_04 23:35

Funny one. Funny one. I know I just said I didn't buy any on-chain bags. But I do own Astroid. What you've never sold it? No, no, I did sell it, but when it got uh when you know it there was that clip from the other day, um, and it was in the SpaceX, one of the SpaceX videos that I did, it was in the background. Um, I covered my original position because it was it was cheap as fuck. It was cheap as fuck, and I covered my original position. Um like a probably substantially uh let me see my entry. Um it's a lot lower than here. I'm up, I'm up a decent amount, but like on paper, I'm still down because I was holding like a dickhead for for longer than longer than Swizzle was.

SPEAKER_02 24:19

I covered my position at like Yeah, I remember I remember Sats was mad because he was he came and visited me. We were we had dinner together and everything. I didn't tell him that I'd sold. I just assumed that he had sold too when he saw what was going on to the chart.

SPEAKER_04 24:34

Yeah, Swizzle slipped out underneath my nose, man.

SPEAKER_02 24:37

Sky broke slipped out.

SPEAKER_04 24:38

I couldn't believe it, bro. I was left holding. I covered my bag at 40 mil. Um what I originally like I originally bought at like I think my average was like 130 or something like 120 in the end. So I covered what I had. Um, got the same tokens, and yeah, now this is hitting, and I'm up nicely. That's uh so I did lie about the on-chain bags, but um it's more of a coat bag, if I'm being honest. It's more uh give me break-even and I'll I'll uh run for the hills.

SPEAKER_03 25:08

But what's your break-even? What price do you need to get to for to be break even for you?

SPEAKER_04 25:13

Substantially higher, like 115.

SPEAKER_03 25:16

So you know the old saying said it's the last 20 that kills you, right?

SPEAKER_04 25:21

Yeah, yeah. This is uh, I think I got a lot more than 20 though. I need another near 2x, yeah. The last two X that kills you.

SPEAKER_03 25:27

Oh, so it's also the last two X that kills you, too.

SPEAKER_02 25:31

For the next 80%, he's fine.

SPEAKER_03 25:33

Yeah, he's gonna be like, I just need another 10%.

SPEAKER_04 25:36

But this is all well and good, yeah. But like, why like what's next now? Do you think there's more juice here? I don't know. I don't know. I was staring at this, like I woke up this morning and checked, and I was like, oh like I'm back, and then I was like, I'm not back. Should I just fucking get out here and say I got lucky? Um, but yeah, I don't know. I don't know what the next fucking catalyst for this is now. Um, is it Elon literally going up there and saying, hey guys, asteroids the the mascot of SpaceX, go go get after this. Like, is he gonna do that? I don't I don't think so, you know.

SPEAKER_03 26:14

You never know. You never know. Man, that you guys were so bullish on this thing, it was so great. I was really bullish on this thing.

SPEAKER_04 26:21

Um, I think me and Ken were were jacking each other up at one point, going like, yeah, this is going to billions, easy trade. Yeah, would would would was dunking on us saying we're clowns.

SPEAKER_03 26:36

Speaking of other bags you're in, I saw a tweet um by this guy, George, who has been driving me fucking insane on the timeline for multiple reasons. One, I think I have his old Boogle down. Not a good look. Not a good look. Two. Um I think this is a good thing, a good talking point, though. People are up tremendously on a lot of things right now. Uh, hype, Zek, Nier recently. Everyone turns on mega bearish in the last few days. Um everyone's probably tempted to take profit. Like, have you guys been taking profits on any on your hype and Zec positions? I I know Swizzle, you've taken hype profits on the way up, right?

SPEAKER_02 27:23

Uh trimmed very small amounts. Actually, hype is the one exception for me. I'm holding almost the entirety of my hype position, and that's the one I've been torn. I actually, like I read this, I was like, yeah, I've been really tempted to, but um man, I trading, I put in quotation marks, trading hype has cost me so much uh agony and and capital. Uh, you know, because as we've said multiple times, we were all in hype very, very early. It's a it's kind of like a common theme when you're on CT, you're early to things that are obvious, but trying to trade around them is sometimes the worst punishment. And so I'm holding this one, but I did. I de-risked Zek with everything going on with macro. I'm out of that. I closed my lighter long. Uh very fortunate timing because it was the day before, you know, day before FOMC, before everything kind of blew up. So I got out of that fortunately around like 180, and I think it's down quite a bit. Um I'm really I'm holding a few on-chain bags, but I hold no Bitcoin, I hold no Zek, I hold no um no other real majors other than hype that I have not touched, and I'm a little bit torn. And I can see both sides of this uh George post, to be honest. Um part of me thinks, hey, what's the upside? What's the risk reward to holding this? But then also it's like, you know, this might be a zoom out moment with hype. Like just close your eyes if it does retrace back to 40-50 bucks. Uh, because am I really gonna be disciplined enough to buy it back on a retrace? Um, I'm a little torn on that. So I'm I'm curious what your guys' thoughts are on none, you guys don't hold bags, I think, of anything really in size. So um I'm curious your take on his stance on all this.

SPEAKER_04 29:14

I only hold Zcash in size still. Um but that's one I'm not selling, I can't really lean on that. But with hype, he says in his tweet, like, would you buy back at 52? Like if you sold at 75, would you buy back at 52? Or like would you just end up being sidelined forever? I is that crazy to say I probably I feel like hype at $52 is is way more interesting than buying the fucking top here.

SPEAKER_02 29:42

Like, I feel like this is he's not talking about. He's saying from a psychology point of view.

SPEAKER_03 29:46

He's saying from a psychology point of view.

SPEAKER_02 29:48

Yeah, he's saying if you hold and if you're up.

SPEAKER_03 29:51

So like my experience with hype, I can relate to this directly because I was in hype from 10 or 11, was good, very good size. I sold you know, for a 50% gain or whatever it was. Um watched it go lower again, and then I never bought back because I was like, I think I'll get lower. I think we're getting to a bear market, and I've just been sidelined since then. I don't want to be sidelined, but I think what he's saying is like, you know, I this is why I really related to this because I was like, this is the exact reason I'm sidelined fucking hype. Because I got I got spooked and I thought it would go lower, and I was like, I'll rebuy when it goes lower. It went lower and I never bought it. And now I'm just sitting here with my dick in my hands with no fucking hyperliquid. Um I wish I knew hyper liquid. Um and it's such an interesting point because for me, like the way I look at it is altcoins all trend to zero over a long enough time horizon, and it's never different. All of them are the fucking same. He's saying here, like hyperliquid is different, and you should just hold this and have a really long time horizon when having long time horizons in crypto, generally speaking, is the dumbest thing you can have and do. Do we believe that hyperliquid, like like Solana, for example, is probably the only other like there's a couple coins where long-term thinking has paid off. And even Solana, you can argue it didn't really pay off.

SPEAKER_04 31:12

But what is your overall hype targets? You know, what's your five-year hype targets?

SPEAKER_03 31:16

Like, what's I just have no idea. I mean, your comps are what? Like, I mean, your high-end comp is like where Rob market cap of Robinhood today. But that's like serious.

SPEAKER_02 31:26

You're assuming Robinhood stays where it's at.

SPEAKER_04 31:28

Yeah, and Robinhood's not a value in a bit of yeah. And hyperliquid is at like, not talking FDV here because FTV is a meme, but it's at 17.8 bil market cap. You know, that's not that's a lot. That's not cheap. That's not cheap anymore. Let's be completely honest here. It's not fucking cheap. What is the upside here? What is the one?

SPEAKER_02 31:50

Well, but at the same time, Ethereum's still over 200 billion. Now that's wrongly priced, but yeah, um, you know, Solana is what uh I don't know what it is now, 60 billion?

SPEAKER_03 32:02

80, six, sixty, eighty billion or something. Yeah.

SPEAKER_02 32:04

Um, and I don't think it's an unreasonable argument to say that hype could be more valuable than either of those. Now, the the logic people often fall into is well, that means it's worth 200 billion, but it's like, no, in the if you're right that hype is more valuable than Ethereum, like Ethereum is grossly egregiously overvalued, most likely. So there's some equilibrium. Um look, I think on all this, um to me, uh it's very tough to generalize everyone into the same bucket. I think the this is one of these moments, you read something like this, it's it's helpful to a certain degree. But as a trader, if if that's what you want to be, you got to decide if you are a longtime horizon investor and commit to that and stop fucking around every day with stuff, or are you a trader? And if you are, you need to have self-reflection, you need to constantly evaluate what are my strengths, what are my weaknesses, and you need to think about like where am I trapping myself and where can I set, you know, use my disposition as an advantage. If you are the type of person who is hyperactive online and has the the ability to pull the trigger when you see things, then there to me, there's no problem in saying I'm gonna wait for a dip on hype and I will pull the trigger. I said it was gonna be $48, it taps $48. No matter what sentiments, like I'm gonna do that. Um, in you know, or are you someone who's very adaptable to the conditions and is able to like would you're a flip-flopper, right? But you do that successfully.

SPEAKER_03 33:40

Sometimes, sometimes.

SPEAKER_02 33:42

Yeah, but overall, it's like you recognize okay, I see weakness, I'm out. I see strength, I'll get in. Like if that's your type of trading, great. If you're someone else and you try to trade that way and and you don't have that disposition, yeah, you're gonna struggle. So I think consistency, like evolve as a trader, be adaptable, but consistency of like self-acceptance of your trading style and what can work for you is really what's the most important thing. It's when you try to adapt other people's stylistic like ways of going about trading that you really trap yourself. Um that that would be kind of my overall opinion on this.

SPEAKER_04 34:22

Yeah, I I think when we compare to other coins as well, like when we go, oh, like Ethereum's valued at X number, I feel like these numbers are just just so insane that they're just they can't even be considered anymore.

SPEAKER_03 34:33

They're just made up at this point. Like, like ETH, for example, like how many billions of that is just locked in walls people have lost.

SPEAKER_04 34:39

Yeah, but XRP is worth 70 bill. XRP does not.

SPEAKER_02 34:49

But there is a kernel of truth in the sense that, like, if if you believe a lot of this uh capital that's been there is going to stay allocated to this asset class, there will be some some of that may rotate over once new new narratives are accepted and established. Um, I I think it's fair to say that there can be a degree of truth to that, even if the overall argument's a logical fallacy.

SPEAKER_04 35:16

I would love to see like but it's like I feel like we would have if if that ETH like market cap was gonna move substantially, we would have saw it this cycle into Solana. And like we did to some extent, but nowhere near what's the reason for that, do you think? I just think it, yeah, like I don't understand it. I just don't understand locked money, you know. A lot of this is just like probably lost money as well.

SPEAKER_03 35:40

Like lost, locked, people who can't sell for tax reasons, people who can't sell for legal reasons, probably.

SPEAKER_04 35:48

Yeah, probably a lot of a lot of shit like that. Like, because there's no reason for it to be like this is a free market, there's no reason for it to be valued what it is right now, you know.

SPEAKER_02 35:58

And then there's the side of like there's this whole like institutionalization narrative, and it's like they've only basically cleared, okay, like the big institutional sectors have finally come on board and accepted, okay, Bitcoin is a justifiable investment for us, and Ethereum is. And like maybe some of them have gotten to Solana. They're just years behind, and they don't like they either don't realize or like it's too burdensome of a process to adapt that they can't make the change. You'd be like, oh wait, Ethereum doesn't really have a value prop the same way anymore. But it's like, well, if we're gonna trade in this asset class, we gotta we gotta trade Ethereum. Um and I think there's an element of that that keeps it propped up because it takes years for like kind of like this real information flow to actually get that far down the line. Um but it'll happen eventually.

SPEAKER_04 36:54

XRP still being at 70 bill is just madness. I haven't checked this in in a while.

SPEAKER_02 37:01

Yeah, like that's crazy. How how how is there possibly that much dormant just still sitting there?

SPEAKER_04 37:08

Stellar, like the XLM, like XLM is worth 7.4 bil. ADA Cardano, our favorite, our favorite meme coin. 5.8 bill. You know what what the hell is going on? There's still people who who who hold this, and I don't think they're ever going away. Um yeah, this is uh every time I open this, it's like even more shocking compared to where we were. I remember I tweeted about this maybe a year ago, saying like comparing all these, and I I think I I referenced polka dot a lot back then because polka dot was was still valued at some insane number, and it's like, yeah, I just don't really see a lot of these going going away. Like what you look at the volume on some of these, and it's like outrageous.

SPEAKER_02 37:54

But and they're dead, they're dead chains. Then it's funny, you go look at something like uh something like lighter that's like doing 15 to 20 percent of hype's volume, and it's sitting there at like 350 million market cap, like and you're like, well, I don't know if I can bid that because you know it's it's you know, you're you're worried that it doesn't have room to run, and then you're like, man, there's these other there's these other tokens that are sitting there in the billions with literally no users, no use case. That's insane. Um it's a weird, weird industry in that way.

SPEAKER_04 38:31

Yeah, and also why is Monkey Caps 400 mil? Crazy.

SPEAKER_03 38:35

It's insane. So then I wanted to pivot to um kind of equities related, AI related. Um I saw this tweet that was interesting. I don't know if you guys had a chance to read it yet. Basically saying that he thinks you know, there is an argument out there that this AI stuff is just underpriced and that equities are not a bubble right now, and AI is gonna incredibly improve everything. This guy is saying no. Um, and I thought his argument was interesting. And Sats, we talked about this last week on the show, how much you know you're you're coding a lot and developing a lot, and you're spending tons of money on tokens. He's basically saying that coding is where money comes from to pay these AI companies. Like that's where the majority of the token spend is. Um and he's saying that the majority of people doing coding are these companies that are building software products. But then he's saying because of AI that's gonna make all these companies outdated, you're not incentivized to improve your product anymore. So they're not gonna be coding anymore as much. And thus these AI companies will not have the revenue that we think they might have because no one's gonna be using it for the thing that makes them the most revenue.

SPEAKER_04 39:48

So I haven't read the full tweet yet. So he's saying that people are gonna stop coding because AI exists.

SPEAKER_03 39:56

Just not nearly as much, yeah. And the primary source of revenue that these AI companies would be getting will dissipate over the next few years because people aren't gonna be coding as much because there's no reason to, because their software will be uh obsolete.

SPEAKER_04 40:12

There's an argument to be made there, but it's like I thought you would have a unique take on this, Seth. Yeah, it's a complex one. It's a complex one because like, yes, like this is like the whole Doomer thing, though, isn't it? Like this is like this is like oh nothing's ever gonna exist, and there's gonna be no jobs, there's gonna be no reason for your for your software to exist. I don't I don't think that's true at all. Like, it's a tough one to get my head around because it there's this is the same complex issue where it's like people are like, oh, everyone's jobs are gonna be gone. Oh, you're a doctor, you're no longer gonna have a job. There's always new things, there's always new jobs, there's always new something. Um, it all just doesn't just dissipate to zero. Although Elon says we're all gonna live on fucking universal credit sooner or later, and um and and get paid a fixed income, and that'll be it. Crazy take as well. But I don't know.

SPEAKER_03 41:04

This is a tough one to even I don't think he's saying in the long term that's gonna be the case. He's saying in the short term that that's gonna be a cause for a bust cycle, basically. All this dog shit AI stuff that's running right now is all incredibly overvalued. In the short term, we're gonna come to the realization that like it's everything's bloated.

SPEAKER_04 41:21

Well, I a lot of it is wrapped as well. Like a lot of this, a lot of the the sales and and shit we see right now is like like Is a cursor just a wrapper? Cursor is a wrapper of multiple multiple coding agents, um, and multiple like yeah, and multiple agents um valued at what what 60 bill or something? Yeah, 60 bill. Um, but there's there's value in rappers to some extent. Um 60 billion of that I'm I'm unsure. Uh, but yeah, it's that that part of it I can agree, but you know, there's a lot of other different companies in the world, you know. There's not just software companies, like yes, SaaS companies are gonna take a hit probably longer term, but there's still solutions that need solving, and it's like people are betting that AI is gonna like all the all these companies internally are gonna turn away from SaaS and they're gonna start building their own solutions internally. Then this goes against his argument because they're gonna be coding their own solutions. So, like it's one or the other, in my opinion. Is SAS or are they gonna code their own solutions? Where are we going? What are we doing? Because someone's calling for SAS to die, someone's saying they're gonna build it internally, this guy's saying that everything's dead and we're it's all over, David Orr.

SPEAKER_02 42:38

Also on the AI front, I think there's like an important distinction to be made of individual bloat versus collective bloat. Like some of these are investor decisions, right? Like, yeah, like this is how venture capital works as a whole, historically, and there's because there's a ton of excitement, there's a ton of froth, and there's gonna be a lot of these individual companies that have become overvalued, that had a lot of money pour in, and they will not pan out because they're not gonna be able to provide you know value or a sustainable business model or you know, have a defense ability or whatever, but like the core top companies could be proved to be extremely, extremely valuable even beyond what we're projecting, like as a possibility, you know, and then it's like okay, a lot of the individual ones died, but the asset class and the core winners like proved out. Um, so then would you say that was a bubble, or would you say that uh it it was legitimate in that case?

SPEAKER_04 43:36

Uh AI is such a broad term as well, it's tough to even discuss what he's saying here because AI loops into so many different avenues now. Like you're talking about robotics, you're talking about literally everything. Literally everything will end up using this, and to say that's not gonna happen is a bold take right now.

SPEAKER_02 43:57

It becomes a tool that potentially improves all. Yeah and they don't have to be AI businesses, but if they in integrate AI tooling into whatever they do, it can make it can help them in improve their business, it can help them improve their product, etc.

SPEAKER_04 44:12

Yeah, and and compute costs going down is a good thing for everyone. That that's a that's a good thing. It's gonna make tokens cheaper and the models will be able to improve with less spend. I don't agree with this take. The more the more we speak about it, I I don't I don't agree with this with this take at all. I think uh the markets price things based on what people predict revenue will be in X amount of years, like it's not revenue currently, it's what your revenue is gonna be over the next few years. Um I don't I think some of them are definitely overvalued, definitely, but not all. I don't think Anthropic's overvalued, and maybe that's a bold take.

SPEAKER_02 44:52

Did you guys see that uh the financials for open AI got released a couple days ago? Yeah, not not good. A lot of spend there. I think it was like 30 36 billion dollars in spending.

SPEAKER_04 45:07

I just think I think that's that's okay though. That's okay and for for these for these sort of companies who are literally just changing the world. And I know I say that broadly, but these guys are on the cutting edge of technology here. Like you're gonna have to take a revenue here. If you're putting revenue first, you're not gonna be where you are right now. Like if they were they could they could be a profitable business if they want it to be, but their product isn't gonna be as good. So you have to make a sacrifice, and it's a sacrifice worth taking in the long term, I think. Like that's the bet they're making, and I think they pull it off. Others may strongly disagree, but I just think the ones who disagree just haven't used this stuff to the extent what it should be used to. This shit is insane, and I don't put that lightly. Um, this is I'm someone who used AI from the very, very start, and um even the latest model, like I spoke about Fable last episode. This shit is this shit is close to AGI. Like, I don't think people understand how good this is and how much use you can get out of it if you're using it in the right way. I think a lot of people are bearish because they simply haven't found the use case in their own life or their own company, and I think a lot of these big corporate companies as well haven't even made it to a point of integration yet. It takes a company of uh employee size of say 500 years to implement this stuff, absolutely years, and we we're only just scratching the surface, right? But maybe I'm wrong. I know a complete bozo.

SPEAKER_03 46:36

Well, I mean, you've used it more than anybody I know. The only thing that would make me think you're wrong is our boy Conan is bullposting from the Mediterranean again.

SPEAKER_04 46:44

I absolutely love that.

SPEAKER_03 46:46

And last time we did this, we all died. We did, yeah, we did. It was the last time we've done this. Yeah, it's funny because a lot of Solana guys are coming out like strong right now. We got backpack ripping, claiming it's doing more SPCX volume um than hyperliquid.

SPEAKER_04 47:05

That's a that's a that's a statement I simply cannot cannot believe until I see with my own eyes. You know, I just it doesn't really make any sense. I don't know, I couldn't name you a single person who who uses backpack or has a backpack account, let alone does more volume than hyperliquid. Probably themselves already.

SPEAKER_03 47:27

Potentially.

SPEAKER_02 47:28

But you do know some backpack holders though.

SPEAKER_03 47:31

I'm looking at one. Yeah.

SPEAKER_02 47:34

Uh but there's a the fundamentals uh shift is happening. Like the backpack. Um I saw yesterday people started talking about Meteora again.

SPEAKER_03 47:43

Saying uh Yeah, what was with that pump, by the way? Didn't it just green candled insanely?

SPEAKER_02 47:48

Find the tweet. There was a tweet that blew up that went viral.

SPEAKER_03 47:51

Um yeah, I was gonna post it, but our we just lost our producer. He just he just gone. He's gone. He's gone.

SPEAKER_02 47:58

Wow. We don't even know how to end the show then. I guess we just have to do that.

unknown 48:02

We don't even know how to do it.

SPEAKER_03 48:03

We're going forever. We're going forever. Um we're so helpless we can't end our own show. We don't know how to pull up our own links.

SPEAKER_02 48:11

Yeah, I think I found it.

SPEAKER_03 48:13

Yeah, I put it in and I put it in our document.

SPEAKER_04 48:15

You can pull it up there. So Meteor, I just opened up the chart, but they've only done 1.6 million in volume. Yeah, dude, it's crazy. Yeah, I mean a pump is nothing like it used to be. It's nothing like it used to be, man. The asteroid pump was something. Yeah, the asteroid pump was something, but once again, I when I saw that, I expected to open the chart and it'd be 100 mil plus.

SPEAKER_03 48:44

It's basically saying that Meteora is uniquely positioned to dominate um and benefit from um emerging RWAs and tokenized equities. Saying that like all this shit's gonna be traded on the on Meteora liquidity pools using Meteora liquidity pools, which is going to directly benefit Meteora, which will then, you know, they do token buybacks, so it'll funnel back into the token.

SPEAKER_04 49:08

I would love to agree with that. I haven't looked into it. I would love to agree with it because I like Soju and Meteora.

SPEAKER_03 49:12

I like Soju too. It's another one of those things, it's kind of like the pump fun thing, how like they're doing buybacks, right? But like token price goes down.

SPEAKER_04 49:20

Yeah, I've just stopped doing stop doing buybacks, man. I I think this is proven to if you don't have a hype model, just stop.

SPEAKER_03 49:28

Like no, it's not even that, it's just like at some point it's like, yeah, it's like, why one, why are you doing this? Two, like, are are we is this really what's happening here? Because like the token price, if you're buying this many tokens, like this should not be the price. There's clearly like other cells coming through.

SPEAKER_04 49:44

Yeah, let me. I haven't looked at the pump chart.

SPEAKER_02 49:47

How much did they claim to do in buybacks? Am I missing that? I don't remember.

SPEAKER_04 49:51

It's gonna be an astronomical amount. They've bought back 14 million tokens. When?

SPEAKER_02 49:58

Uh probably when when was TGE? Uh not that long ago. Six million dollars.

SPEAKER_03 50:02

Oh, so they've done 14 million since TGE.

SPEAKER_02 50:04

Since TGE.

SPEAKER_03 50:05

That's not that crazy of a number. But I mean, given their market cap, it is.

SPEAKER_02 50:09

Did they burn? So what have they done with the buybacks?

SPEAKER_03 50:12

I think they just hold them.

SPEAKER_04 50:15

They've done it is currently sitting at 70 mil market cap.

SPEAKER_03 50:18

That's a substantial amount of buybacks at 70 mil. That is. That is. But like look at the chart, it doesn't even matter.

SPEAKER_02 50:27

But anyways, sold off. So the pump chart looks the same.

SPEAKER_04 50:30

The pump chart is about to make new lows.

SPEAKER_03 50:33

I would rather own Meteora than pump.

SPEAKER_04 50:35

Same. Every day of the week.

SPEAKER_02 50:37

I mean, what one we have a lot of questions, the other one is just clearly a scam.

SPEAKER_04 50:43

So is that actually apparent now for everyone? Is that just like it? I'm not tapped into the trenches anymore. Do people still trade pump tokens and you know everyone's?

SPEAKER_03 50:52

Yes, they sure do. Yeah, they sure do. It's still like somewhat of a thesis. Like uh Alone shilled Kintara the other day, and the chart like doubled.

SPEAKER_04 51:02

Yeah, it's still the consensus that are like the pump are gonna crime this.

SPEAKER_03 51:06

Is that still the only hope for on-chain right now, man? If you're like that's the only hope for me, man.

SPEAKER_04 51:12

I think that's honestly what put me off on-chain. It's that like everyone's just like if this if this launch pad doesn't crime this coin or buy this coin, then it's a dead launch pad, or the coin's not gonna go anywhere.

SPEAKER_02 51:23

I think that happens a little bit less. I mean, none of us are tapped in, but I think it happens a little bit less than it used to.

SPEAKER_03 51:29

Yeah. Yeah, it has to. I mean, uh, because they've also shown they're not willing to do that, so it's a yeah, it's just not a good thesis anymore.

SPEAKER_04 51:38

Are they pivoting as well? Like, I remember hearing and seeing that they were gonna pivot to prediction markets or something like that, or they were gonna build different products.

SPEAKER_03 51:47

They tried launching like uh not prediction markets, but bounties it's like a bounty program. No, with like World Cup coin, it was like betting on the outcome of events through virality, yeah, tokens. I mean, there's nothing people were bullish on that though. They were like, who was really bullish on that? Nick was really we we we we know a couple guys that are super bullish on that. It was like, I don't get this. This makes this is not a good way to express like you can't like to express your opinion on a binary outcome, it's not through it.

SPEAKER_04 52:20

Meme point. No, I don't think so either. There's so many ways it can be gamed, it's literally unbelievable. I just yeah, Pump's such an interesting one. I I wish the team were more open and would come on podcast and speak because I think it's such an interesting conversation, but there's a reason they don't because it's probably a little a little fucking sketchy.

SPEAKER_03 52:41

I mean, their lawyers must be like, you're not allowed to ever talk about it.

SPEAKER_02 52:44

I don't think they will, and I don't think they should.

SPEAKER_03 52:46

Um, they're too rich at this point. Why would they ever do anything? Why why do they even I mean if I were them, I would fucking just let pump be as it is and fucking walk off. Like wash my hands of it and be like, I'm never doing anything else again.

SPEAKER_02 52:59

What chart is this?

unknown 53:01

Pump.

SPEAKER_04 53:02

Oh yeah, yeah. Mike Dudas. Where is he?

SPEAKER_02 53:08

That's the same same thing, man.

SPEAKER_04 53:09

Where is he? He's gone, you know. Where was all these buybacks? He said he was gonna let the buybacks do the talking. Yeah, the the buybacks have done the talking. It's told me all I need to know, and I'll be doing the talking. I I would love an I'd love a new comment on this. Is Mike still is this still gonna change the world? Is this still like groundbreaking technology?

SPEAKER_03 53:31

Um I wish I was a seed investor because I would have bullposted the fuck out of the state.

SPEAKER_04 53:36

Oh my god, bro. If I was a seed investor, bro, this would be changing the world. This would be changing the world, and the buybacks are the buybacks would be so bullish it would be unbelievable. But I'm not. So game's the game. I understand, Mike. I understand what I understand what his game was, you know. I understand what the game was, but come on, what's going on now? Like, where's where's the what's going on with the buybacks?

SPEAKER_03 53:57

Like man, all right. Last thing, Ansom is back doing public trading challenges. He's going Y22 mud on everybody. He just forex his account, he said he's gonna do uh one, I think a 100k to one million trading challenge. Oh people have been calling I I know we talked about this last time, but I just want to close this. Like, people keep calling Ansom a top signal, and I think if you call Ansome a top signal and like want him to fail, like you kind of want like crypto to fail. I think we all need he's the only KOL major voice we have left, and I think we all kind of need him to succeed and be liked. Yeah, I agree. And like we're doing really well as well still. What his tweets do really well still, his engagement. Yeah, he's good for the industry, and I think people liking crypto shitting on him isn't fair.

SPEAKER_02 54:48

Um, but uh Seth, you had one you had one critique of this the bullpen trading challenge, though. Do you want to hear your grievances?

SPEAKER_04 54:57

Oh, yeah, I just saw a few things. I saw a few things people saying in group chats that this wasn't verifiable on chain. I haven't looked into it myself, but game's the game, you know. Game's the game, I understand. Game is the game. Page views are page views. Yeah, um, and and that's and that's what you gotta do sometimes. I haven't looked into it myself, but I hope it's I hope it's real for his bank balance. You know, I hope it hope he did turn 1k into uh what what was it, 100k in whatever time. But I'm a lot of questions in group chats regarding this. Okay, so yeah, still a lot of questions on this on in group chats, people questioning uh ball pen. Um, and but like you said, Anthem does get a lot of hate. Does get a lot of hate unnecessarily, I think. Um I just look for his engagement as well. It's like literally he he tweets about Solana and gets 1.5k likes and 100k impressions still. Insane in this market. Um one of his last tweets I just saw was bros. I think we can CTO Solana at 69. Not sure on that, brother. I think we need to yeah, it sure needs it needs an ancient CTO right now, and I'm not even sure that can save it. Didn't he get paid? I I don't know if I'm I'm talking out my ass. Didn't he get paid to shill a meme token called called begins in the first one? Yeah, yeah, yeah. What was going on with that?

unknown 56:17

I don't know.

SPEAKER_04 56:19

So was it just a bundle token and he got paid to shill it and it went up, or did it go down? Did it go down aggressively? It went up and then it went down aggressively. Okay. And he tweeted about it and brushed it under the rug just like you do, you know, the normal pressure.

SPEAKER_03 56:34

Just like you do, just like you do. Sad's you've done this more than anybody I know. Yeah, we've all been there.

SPEAKER_04 56:41

I've never been paid.

SPEAKER_03 56:42

I've never been there, never been there before.

SPEAKER_04 56:44

I've never ever been paid to shill a token, nor will I ever take a payment to shill a token. But I've been there where you tweet out a token, goes down aggressively, and you simply tweet out wrong trade, bad trade, move on. Or delete the tweet and move on. Delete the tweet. Yeah, delete the tweet.

SPEAKER_02 57:03

I don't like the tweet delete. You gotta leave the records. I'm not a delete tweet guy. If you uh acknowledge when you were wrong.

SPEAKER_03 57:10

Sats, we have a long we back like two or three years ago. You remember you and I showed this coin called Spincat? I do. That didn't go well. No, that was really bad.

SPEAKER_02 57:22

That was the one that like moved around in your wallet.

SPEAKER_03 57:25

So it was yes, yes. And it was and it was it was it was back when Popcat was pumping, and the Spincat token was also on the Popcat website.

SPEAKER_02 57:34

And Sats and I found this token and we were like, oh my god, the Popcat website?

SPEAKER_03 57:38

Yeah, like not associated with the meme coin, but like the official Popcat brand website. And this was back in the day when people cared about IP. And so Sats and I were like, oh my god, there's a token for this Spin Cat thing. Like, we should buy all the supply. And we thought it's gonna genius. Like it gets just and we we we we were doing the dumb bullpost of like relative to popcat, it does this many pages and this many interactions and all this dumb shit. You know, like a paper, and we were like, we are brilliant. This is exactly this is gonna run, and we bought a bunch of it, and um it did not go well.

SPEAKER_04 58:13

Nothing happened.

SPEAKER_03 58:14

No, well, it I think I think it went to like three or four million, and then it just torpedoed, and everyone was looking at each other like who's selling, you know that whole thing when you do that, like oh, and I actually wasn't selling.

SPEAKER_04 58:27

I think sexual. I thought I was on to the next pop cat here. Big cat guys, we know folks. Uh caught caught caught caught all my pants down on the on uh on this. Definitely.

SPEAKER_03 58:42

There was a few, it was a few like this. There was a few like that. We could do more stories later, but uh, anyways, we'll wrap it up here. Um, good chatting, guys. Uh, we'll be back Tuesday, 12 o'clock Eastern. Um go download FOMO in the interim. Um, trade SpaceX, trade all the all the tokenized equities while the market is closed. Um, and hopefully we have a green weekend. The war is actually over on Monday. Um bubble continues and we were in. Let's go. Real shit. All right, see you guys.