Space Summary
The Twitter Space CYRPTO ALPHA $BTC $SOL hosted by barkmeta. Delve into the world of crypto trading with insights from a veteran trader in the CYRPTO ALPHA space. Learn about the importance of community, experience, and networking for success in navigating the volatile crypto market. Discover strategies for leveraging social media, staying updated with market trends, and building a diversified portfolio. Explore the essential skills and disciplines needed for long-term prosperity in crypto trading.
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Space Statistics
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Questions
Q: How important is community building in crypto trading?
A: Community building fosters trust, knowledge-sharing, and networking opportunities crucial for success in crypto trading.
Q: What role does experience play in navigating the volatile crypto market?
A: Experience provides insights, strategies, and a level-headed approach to handle the unpredictability of the crypto market.
Q: How can one leverage social media for credibility in the crypto space?
A: Social media platforms can be used to share insights, connect with like-minded individuals, and establish authority in the crypto community.
Q: Why is it essential to stay updated with market trends in crypto trading?
A: Staying informed about market trends helps in making educated trading decisions, reducing risks, and capitalizing on opportunities.
Q: How can networking with industry experts benefit a crypto trader?
A: Networking with industry experts provides access to valuable insights, mentorship, and potential collaboration opportunities.
Q: Why is portfolio diversification important in crypto trading?
A: Diversifying a portfolio helps in spreading risks across different assets, safeguarding against market fluctuations and maximizing returns.
Q: What skills are crucial for long-term success in the crypto market?
A: Continuous learning, adaptability to new technologies, discipline, and patience are essential for sustained success in crypto trading.
Q: How can one efficiently utilize platforms like X for trading strategies?
A: Platforms like X offer tools for technical analysis, market research, and decision-making assistance to enhance trading strategies.
Q: What is the significance of staying disciplined during market fluctuations?
A: Maintaining discipline during market ups and downs helps in avoiding impulsive decisions, sticking to trading plans, and achieving long-term goals.
Q: How can a crypto trader benefit from engaging with established communities?
A: Engaging with established communities provides access to a wealth of knowledge, insights, and collaborative opportunities for growth in the crypto space.
Highlights
Time: 00:15:20
Community Building for Crypto Success Discussion on the impact of community building on trading success and strategies.
Time: 00:30:45
Navigating Volatility with Experience Insights on using experience to navigate the unpredictable nature of the crypto market.
Time: 00:45:10
Social Media for Credibility in Crypto Tips on leveraging social media presence for building credibility and influence in the crypto community.
Time: 01:00:05
Market Trends and Informed Decisions Importance of staying updated with market trends for making informed trading decisions.
Time: 01:15:30
Networking for Insights and Growth Benefits of networking with industry experts and peers for valuable insights and growth opportunities.
Time: 01:30:55
Diversification Strategies in Crypto Strategies for developing a diversified portfolio to manage risks and optimize returns.
Time: 01:45:25
Skills for Long-term Success Essential skills like continuous learning, adaptability, discipline, and patience for sustained success in crypto trading.
Time: 02:00:10
Efficient Use of Trading Platforms Maximizing trading strategies through efficient use of platforms for analysis and decision-making assistance.
Time: 02:15:40
Discipline During Market Fluctuations The significance of maintaining discipline to avoid impulsive decisions during market fluctuations.
Time: 02:30:55
Benefits of Engaging with Communities Exploring the benefits of engaging with established communities for knowledge and growth opportunities in the crypto space.
Key Takeaways
- Emphasize the importance of community building in crypto trading.
- Utilize experience and knowledge to navigate the volatile crypto market successfully.
- Engage with established communities for networking and learning opportunities.
- Stay updated with current market trends to make informed trading decisions.
- Leverage social media platforms for expanding reach and building credibility in the crypto space.
- Utilize platforms like X for efficient trading strategies and decision-making.
- Networking with industry experts and peers can provide valuable insights and growth opportunities.
- Develop a diversified portfolio to manage risks and maximize returns in the crypto market.
- Consistent learning and adaptation to new technologies are vital for long-term success in trading.
- Staying disciplined and patient is key to weathering the highs and lows of the crypto market.
Behind the Mic
Real Connections in the Gang
No, d gang, some real motherfuckers. Let me see who's in here two minutes early too, man. Real ones.
Consequences and Struggles
It ain't not the banks with them tess I had to cash that. Play around with death and play with me, it's the same thing. Creep up on them slow, talk about monkey nuts, I let them halo, you the one I'm gunnin for, you better lay low, you cannot respond once you get this halo screaming motherfucker hater bro, anybody want it, they can't get it I'm like Ayla broke put bullets made for what, nigga, Yanni's Taylor broke looking like dump it up on Tyler broke, don't get rowdy in this bitch, I leave your head blow Stanley steamer cut as he get hot meet my auto Mac yrg I got that medal on my leg bitch, he fuck me up when my dog let them hoes get in his head how you let them gas you up, pump your head with lines how you over coaching, man?
Surprises and Outcomes
I'm honestly surprised kick it with that hope you lost all your game ties see that niggas eatin'now, let a nigga do his thing, he brought his own demise creep up on him slow slidin on the ho chop up with the monkey nuts, I let him hang low when I'm gunnin'for you better lay low, you cannot respond once you get this halo slow with the monkey nuts I let him hang low you don't want I'm gunnin for you better lay low, you cannot respond once you get this. Halo bitch, I pull that trigger bank mace rhythm like a paintbreak, smoke em like a split too much paper in this bank pain heavy bolus discutatious fody pushin hands man, why you worry about it?
Breaking Through Conflict
Bitches breaking pockets on I fucking with you, bitch the boy ain't the problem breaking lots and cut the gossip paper chase and get it grill smoking till I'm in my coffee paying homeless deal living, yeah, I notice all the time that you ain't never hit me till the paper came in line I up the switch, I put that metal jacket through his spine bitch go put that prize out the boy can't you never show I smoking only thrice until I. Creep up on a slow, you cannot respond once you get this halo creep up on the slow chop up with the monkey nuts, I let them halo, you the one I'm gunnin for you better lay low, you cannot respond once you get this.
Community Recognition
I don't even want to look, I don't even want to look at the comments, but I'm just gonna. I'm just safe to assume I'm sure safe too soon. No hey, father, some reason hit the blind before nigga did he talk too much in the seal you said I got pay per view here don't lead be singing that nigga just switch up put you to bed hey, you can see in AI my little niggas some things we really bought down don't drake roll in your spot and take over your spot put the can your fate, nigga empty the safe we can't fall out by no pussy bitchy ho but we can bone here about pay late night prem getting off in the back of the land better I won't hit the gate they say I don't be in the hood what that be about, nigga I'm on the block with the guy I really forward these rappers them nigga be lying this shit real life not ryan long live poo on nigga speak on where nigga know we did by now she so crack a folks I'm cracking the foe I'm right do that time right without the dribble wheelchair game we leave shit crippled I got hit with a binary chocolate boy thought he was gone so he told him to spill me off from the top of his shit it boy shoulder with Lenny on Joey and nigga hops ain't hitting on shit folk died with a switch, bitch shoot stop posing for picture he disguised beat bro smoked in the swisher you know we spot shit like a lighter boss was life, let homie a fighter, we his shit up then dipping the scratch got 40 more reasons why nigga can't play with the gang nigga know that we lead shit life sweet I can merge on the g that we do shit trifling, let go follow some reason hit the block level for nigga dead he would talk too much in the cell he said I got pay per view hit him with lead look about how the bleak would be singing that nigga that switch it up put you to bed before you play I go you to spread send as that to the doppler did born the med I get dropped, I'm gonna do my little dance we post it father son deep in the land my bitch, she booze, she won't eat the man but you finna sow without we about these pants the mirror's too tight gotta switch up the brand my clear the jacket what can on the tag I been having shit why the fuck I'ma brag?
Struggles and Triumphs
You not having shit still broke on your ass Kobe, man, splat, you know that I'm killin'for that put a k by them luggage we catchin your hat we come through fastendeh, we leave she bow brazilian ways can't fool with her hoe they got kids soon as you leave I'm sorry I'm eating, they say, but I fucked on the baby momma, she put me to bed. I was shocked how she throwing it. Back. Sending the bleach. She crazy. I got me a bleed from an old head. Now, I'm no here giving that bleed the opposite hoes, they never on shit. They just want to troll. They got my drop, but I'm a pop out on the block with a switch d nigga, ho, they shooting at the bricks for all the same reason hit the blood level for nigga dead he would talk too much in the sea what he said, I got pay per view healed him with lead love about how the bleak would be singing nigga, they switch up, put you to bed for you play I go, he spread. Send his act to the doppler. They born the med.
Competition and Strategy
Nobody. I don't see no competition. Got a hundred some shots for the opposition. Catch him loafing. That boy sleeping with the fish will be wiping shit down like we doing dishes. Need a new suit and tie. How we stand on this? I'm gonna send the best young un's to go on missions. Drop a bat on his head and his story finish. Okay, father. Some reason hit the blood level for nigga dash. People talk too much in the cell. I got paper. This ain't no web space. About to get into this shit right now. We back, motherfuckers. Just kidding. We never left. We never left. I still tweeted, I still said gm. I still said, what's up? And let me say something real quick. The community did hold it down. A lot of people stepped up to the plate. A lot of people quit. You know, daddy's gone.
Reflections and Thoughts
Time to start drawing on the walls with crayons and shit. Start teasing mom as soon as daddy gets some belts coming up. You hear that? Everyone's acting. Everybody's acting on their best behavior. Okay, let me start bringing some people up. I did. Let me tell you something. It's very weird when you get into a routine, both good, bad, whatever. When you're in a routine to switch up that routine, things feel very strange. It was weird not talking to myself, you know? I mean, that's really what this is, talking to myself. You know, if I was born in the 18 hundreds, I would have just been just a straight up schizophrenic. Why is this? The dishwasher had been going for, like, 12 hours in a row. I don't know.
Crypto and Financial Dynamics
It just was, kid. I was like, what the fuck? Yeah, if I was born in any other time period, I would have been a schizophrenic, because who else can just walk in circles and talk to themselves, you know? I did it a couple times in Vegas, you know, like a couple times walking around. People look at you funny. I mean, at the beginning it looks like a business call, but then when you set the phone down and then you just, like, kind of, like, hunch over and you start, like, clapping into the phone, like, yelling into the phone. Be kind of hard to pass that off as a business call. But, I'm glad books is back, you know, he said he was not going to miss another space. So good to see you, books. How you doing, man? I've been pretty good, Buck. How you been?
Personal Developments and Life Changes
Oh, dude, what the hell happened to you? Oh, you know, I was over here. Fucking playing baccarat and on the goddamn slots and, yo, I fucking hit it big. You? I fucking cracked them, bro. You didn't even know. Damn, dude, sounds like you've been smoking weed for 37 years. I'm gonna need you to settle down, Burke. Weed. Okay. That's good. Well, books, I'll let you get to it. Sounds like you're very busy. It sounds like you're very busy. I would hate to interrupt you. I hate to interrupt you from your. From your extravaganza. No, it was. Let me tell you something, fam. And I'm.
Mental Health and Breaks
And I've. And I said it once in the other space. That was the first time that I've even, like, unplugged mentally in a very long time. I mean, I probably broke since I was. I don't know. I want to say, like, in my teens, ever since my teens, just completely locked in. Like, not a day off, not a minute off. Even when I was with family and vacation, like, going on trips and stuff, I'd be working and everyone would always be asking, why do you work so hard? Why are you working so much? Like, take a break. Why are you working so much? Now they're asking, how can you put me on? How you doing it? It's funny.
The Elusiveness of Riches
It's funny. Everyone always wants some sort of shortcut to something. There really is no shortcut. Outside of catching some random crypto pump, you know, there really is no shortcut. And I found that most people that get rich off of like, one crypto pump, end up giving it all back in some way, shape or form. They give it back, which is funny, right? The. The concept of money is a very funny thing, especially with crypto, because this stuff doesn't even feel real. You know, crypto doesn't even feel. It's just numbers on a screen, right? Money is just numbers, right? Even a dollar bill feels so official.
Perception of Reality
Feels so. But then you realize that it's just paper. At the end of the day. At the end of the day, it's just fucking paper. So it makes you, it kind of just takes you back a little bit. I mean, you know, you realize how hard people work for this paper shit, how hard people work for money just to accumulate things and items and certain things and getting all this crypto. When, when I think instead of looking inside and trying to find, like, what makes you happy, I think is what you should be asking yourself, like, what actually makes you happy? If you think that getting all the money and getting all the clothes and the cars and stuff makes you happy, I'll tell you for a moment it does.
The Illusion of Accumulation
But then something weird happens after you get it and a couple days have passed, you actually go into, like, a trough of happiness. Like, you go up the mountain and then you go down into a valley. Like a recovery from the dopamine. Like, today. Feel like shit, but it's fine. No, it's just. I think it's more so. Just. There's really only one thing that can fill any, like, gap and keep you 100. And if you know, but, but yeah, I think it was, I think it's. I think it's very interesting.
Understanding Happiness
It's like you, everyone in here, we're working so hard to get something. Like, what are you trying to get? Like, what is your goal? Like, are you trying to get rich? Is that really what you want? You think that's gonna make you happy? Getting a lot of money? You think getting a lot of money is going to make people like you new friends? You think it's going to get you something in life, and then you start to get into the bigger. The bigger questions, which is, what is the purpose of life and why are we here? And then you just start tripping, and then you just say, you know what? That's a question that cannot be answered, so you just kind of have to do some guesswork.
The United States' Energy Landscape
But in the meantime, we're going to sit here and accumulate as much crypto as possible. I mean, I'm not going to lie. It's 111. Make a wish. I'm not going to lie. Things feel a little bit bullish right now, as crazy as that seems. I mean, you know, as much as we would like to believe that Pauli market is the end all, be all, I'm not 100% sold on Donald Trump as the election winner. However, I do believe that in my heart of hearts that he is going to win. And if that is the case, we are going into. I mean, I don't even know if I could call it a bull market.
Political Implications on Markets
I think the better thing would be. I know what the word you could say is. I don't even know what the word you could say is. It's going to be a mega, it's going to be a giggle. Gigable. How about that? We'll call it a giggable. A gigable. Within the first year of Trump term, he expects the cost of energy to be reduced by 50%. Okay? That alone, I mean, the first and foremost, the cost of energy is the cost of everything. Okay? People think energy is the web, except co host. People think that energy is the cost of keeping your lights on or running your grill.
Impact of Energy Costs
That's true. But energy affects everything. Energy affects the cost of getting bread from the distribution center to the grocery store. Energy affects the cost of getting your packages to you. Energy affects the cost of restaurants, it affects the cost of grocery stores and Walmart. And literally everything is affected by the cost of energy. And especially crypto bitcoin. The price of bitcoin is heavily tied to the cost of mining, said bitcoin. And when it comes to miners essentially put in energy and get out bitcoin. Right now, I'd have to actually check the number.
Mining Economics
I don't know where they stand for a while. They were actually in the red after the bitcoin halving. When the rewards were reduced by 50%, miners were in the green a little bit because of runes, and then immediately went into the red. That means that if I put $100 into bitcoin mining, if I spent $100 on energy, I was getting out less than $100 of bitcoin. I was probably getting out 80 bitcoin. $80 of bitcoin. So what does that mean? That means that it no longer makes sense to do mining energy cost or too much money to mine bitcoin.
The State of Bitcoin Mining
So then what ended up happening? A lot of bitcoin miners after this having cycle dropped out of the whole thing, their equipment was no longer strong enough, it wasn't efficient enough too old, outdated. They didn't have enough scale. They were running a small operation. They didn't have the right contracts with electricity companies. And a lot of people stopped mining fucking bitcoin. Now, what ended up happening very recently is that bitcoin miners had basically hit that capitulation point and people were now starting to make profit again. Because when there's less people mining, the rewards are a bit better as well.
Economic Shifts in Mining
So a lot of people dropped out of the bitcoin mining thing, and a lot of the other miners upgraded their rigs and their whole shebang, and they're mining again in a very slight profit or at break even. Break even is also a legal way of acquiring a lot of bitcoin. You essentially pay energy, get bitcoin back. Even though Biden wants to tax that, and he mentioned it one time, he wants to do increased taxes for bitcoin miners like a fucking idiot. So now imagine this.
Future Projections
Imagine Trump gets in and they start fracking. Fracking is a method of obtaining natural energy from the earth. And guess what? The United States and especially Alaska are sitting on top of what is quite possibly the most valuable. I think it is actually. We still don't know the true extent of it. The most valuable abundance of natural resources, natural gas in the world. Bigger than Saudi, bigger than the Middle east. We have more natural gas under us, okay? And the way that you obtain that natural gas is not by drilling, but through fracking.
Understanding Fracking
And fracking is where you essentially. Shoot. I'm just. I'm simplifying this for bark brain, for your guys brain. Fracking is essentially where you take high pressure fucking tools and you shoot the rock and you extract the natural. Dude, okay? If you haven't been down, it was so funny. If you haven't been in the mind yourself, you haven't shot the fucking cannon yourself. Don't be laughing. I'm just trying to explain it. What's fracking, Webb? What's. Tell me what fracking is.
Science and Resources
Listen. Fracking is an extraction of natural resources from the. What you call it. What are those things? You know. Oh, my God. Even worse than me. Okay, here we go. Here we go. Fine, I'll say it. Laughing at my. Oh, here we go. I'll save you the boredom. Fracking or hot. Oh, yeah, I'll read until fracking. Actually, Barkley. Fracking or hydraulic fracking, is a process that involves drilling into the earth and injecting high pressure water, sand and chemicals.
Resource Extraction
Yeah. Into shale. And then they take the oil out. Of it into shale. What the fuck is she take that shale, okay? So they shoot shale with water. Water into shale. Water into shell water in the shale. Like Jesus turned water into wine. We're turning water into shale. We're turning. We're turning water into oil. Drill, baby, drill. So, guys, we're sitting on all this shit, but here we go. The fucking hippies say that it's bad for the environment, so instead of drilling it, they shut down the keystone pipeline like some bitch and are now buying oil from our literal enemies, from Russia, from Venezuela, from Iran.
Political and Economic Dynamics
Like, oh, hey, instead of just tapping into our natural resources, let's go buy from our fucking foreign enemies. And that's literally what they've been doing. And the only reason that energy is still as cheap as it is today is because the United States government, Biden and Kamala, dug into something called the strategic oil reserves, which is a massive stockpile of oil, of gas, right? Like months and months of this. Like, in case of a wartime emergency, in case went to war or some insane emergency or some insane blockade. We had natural oil stockpiled and they withdrew all of it to keep the cost of energy down.
Scams and Misunderstandings
It's all a scam. But nobody understands this. The average food stamps person doesn't understand this. They don't even know what natural gas is. They couldn't. They couldn't find Iran on a map if you gave it to them. So we dug into our strategic supply. We completely drained it. Okay? We're hanging on by the last limb just so they're just that they can win the election and Trump. It's funny. Kamala has now come out and said that she is in support of fracking, which is hilarious because for 3.9 years, she said that they will never frack.
Changing Political Stances
And she's anti fracking. Now she's saying she is fracking because she's losing the swing states, she's losing Pennsylvania, she's losing Michigan, she's losing the states where they would be setting up energy plants to help manage said thing and where there's hundreds of thousands of blue collar workers that will work the jobs. Who would have thought that blue collar men and young men dislike Kamala entirely? Who would have thought? Because there's essentially been anti man campaign for the past 3.9 years where they've completely pushed, like, masculinity aside, being masculinity is now toxic.
Navigating Masculinity
But then who's going to work the plants? Not those guys. Those guys are voting for Trump because they've made it essentially impossible to be a masculine man. And now you have a bunch of people running around Vegas and they don't know where their moms are. That's the result of it. So here we go. We're getting into the Trump presidency day one. They're starting fracking. They're going to restart the Keystone pipeline. And the goal is to reduce the cost of energy by 50% in year one. If that happens, guys, I'm already, I'm taking royal honey right now.
Economic Predictions
If the cost of energy goes down by 50%, the cost of, or the price of bitcoin will at least double from that alone. Not counting the fact, not even playing into the fact that of anything else, no other factors, not even including the fact that we're going into the four year part of the cycle where crypto does well. Now you're telling me that the cost of bitcoin mining is reduced by 50%. Do you know how much of an incentive that is going to be for miners to double, triple, quadruple the size of their mining operation? But people don't realize if that happens, crypto is going to go so high.
Anticipation and Expectations
I'm getting goosebumps when I just think about it. Like, I just get goosebumps. And no one's ever seen any, they've never seen anything like this. We've never seen that much, that drastic of a reduction of cost of energy. And it's not even a reduction so much. It's. It's the fact that the current administration allowed it to get that out of control. So it feels like we're going back, we're going into crazy world, like we're going into an insane cheap world. No, it's because the world has become so expensive and people can't afford to live anymore, can't afford to have kids, they can't afford to start buy a home.
Living Expenses and Budgeting
They can't afford to do anything. And all of a sudden, when people can now pay their grocery bills and their car payments and now can be a man or be a normal woman without a man in their locker room, and the world returns to a normalized place, people have spare money to buy. They want to start investing. Because people only invest when they have spare money. Nobody invests when they can't afford anything. You know, nobody is buying stocks. You know, investing is like late stage capitalism. It's, it's, it's when you, it's like matured income.
Generational Perspectives
Like if you're broke as a joke, you ain't investing in shit. You're trying to invest in finding dinner that night, when you have spare money to invest, is when crypto starts going crazy. That's what happened in retail last time. COVID pandemic, ton of stimulus. People weren't going out to eat, they weren't going out to movies, they weren't going out to ball games, they weren't doing anything. They were sitting at home with their dick in their hand looking for something to do, and they hear about bitcoin and crypto and all of a sudden it goes parabolic.
Market Trends and Historical Data
Last cycle, last bull market in 2020, go look at the chart. Let me look at it for you lazy bums. Okay, this time, well, let's look at March right? March 13 of 2020, bitcoin was at $3,000 fam, $5,000. Okay? This time, exactly four years ago, bitcoin was at eleven k, 11,000. It ran to 64. Okay? And there's different predictions for what this cycle could be. I mean, essentially ten x. Every single time it goes through that major lift, like that major run, the ceiling gets lower on bitcoin, so it's getting reduced.
Future Predictions and Perspectives
Right? So let's just say last cycle it was a six x. I think this cycle it's got a three to four x. Honestly, that's just with no other influence. That's with no other influence. If Donald Trump pulls off this energy shit and. And we go big dick swinging America mode again, I would not be surprised to see a $350,000, $300,000 range bitcoin. I wouldn't be surprised. Some of my other guesses. Ethereum, I don't really have a good guess for, I think halfway through the bull market, he's going to be caught with a laptop and.
Market Speculations
And there's going to be a little black swan for Ethereum. I'm out of Ethereum. Outside of Pepe, I'm out of Ethereum, to be honest. Too much risk. Is it still a great investment? Is that shit probably going to bang? Absolutely it's going to bang. It never even had its ETF moment. It was ETF and then it only went down. I mean, I think it ETF'd in at like 2800 and then it's only been down since. So for me on Ethereum, too much risk. I do not like Vitalik.
Leadership and Investments
I don't. I think Vitalik is too risk. Too much risk. And until they get someone like Jamie diamond, until they get a normal looking fucking business person with a suit in there, too much risk. Too much risk. That guy's too much of a. I know, I know people I've known people like, I've met people like Vitalik and just weird. Whatever. You guys know how we stand on that. Solana is the play this cycle. 1 million%. Solana is the play this cycle. It's got everything. It's got everything it needs.
Potential of Solana
It's even room. We even have a rumored ETF coming at the beginning of next year. Okay. From Blackrock. Right. So we're looking at, in my opinion, Solana, it has the upside of a meme coin with the. With an actual team development, team building real product, the game Boy, the genesis, whatever it's called. The game boy. The phone. The Solana phone. With real conferences, with real builders. I would say real culture.
Marketing and Branding Challenges
But the people that they decided to hire are sitting there fucking vaping, getting vaping with their shirts, Harry. Shirts. I just think they just picked the marketing decisions. I don't necessarily agree with, but that's besides the point. No one gives a fuck about that. No one looks at the Solana Twitter page and says, I don't like what I see. I'm not going to invest just $140. Soul. Seems like it's on sale. Like, it seems like it's literally at one of those stores where there's Amazon returns and without an address.
Market Fluctuations
So you just go buy like 90% off. It feels like a fire sale. Feels like a. Too. Too cheap. Scary. That's this whole market right now. Seems like a discount. Like it's too cheap. It feels wrong. I wish I had more liquid on the outside world. I feel underexposed, and I know I'm not, but I. But I'm also. Am I feel underexposed to crypto in general? You know how much I got? Fucking eight. I got like $80 in my bank account. Shit.
Financial Humor
Listen, me and the IR's, we got a good thing going. I'm. I make tick tocks for a living. I make thirty k a year making tick tocks. You know, it's a shame. It's a shame. I wish I had more. But, but yeah, I'm full tilt on crypto because this is the. This is it. This is the new world. You know, we're in the transition right now. Not from male to female. I know some of you are, but we're in a transition from old world to new world.
Historical Context
This has happened before, okay? We saw it. Last time this happened was with the Internet. We went from, and many of you were born really, before the Internet was taken off. I mean, I know you had it for a while, but it was like a novelty, right? The Internet was a novelty. It wasn't useful on a daily basis. You'd go on there for addictinggames.com, maybe eBay, you know, but it wasn't actually a real resource. You got information from the tv, from the news.
Evolution of Information Access
Now imagine getting your information anywhere but the Internet. And how quickly did that happen? I remember being a kid, we still had dial up. I would go on addicting games.com, and I would be playing raft wars and the zombie like Hutt game and slap the monkey on addictinggames.com. someone would call the house, the phone would ring, and then the shit would shut off. I remember all that, and that was life. I'm like, wow, this is an amazing world.
Nostalgia and Change
Now. I look back at. I look at the Internet now. It's like, dude, we spend all day on the Internet. The same thing is happening with crypto. It was a transition from the old world to the new world. And all of the people in the companies that went full tilt, that went full invested, investing into radio and tv, have lost. They have lost. Those who went full tilt on the Internet are now the Jeff Bezos are now the Mark Zuckerbergs are now, you know, people that did early stage and early seed stages in fucking Uber and Amazon and Yahoo and Google are on yachts and Monaco doing blow, getting caviar sucked off their toes.
Investment Trends and Insights
That's what happened with them. But at the time, investing in the Internet did not make sense. When Jeff Bezos went to do it, their first seed round for Amazon, they were looking for a pretty small amount of money. I believe they were looking for, like, a million dollars for their first round, which is hilarious, because everyone that invested in that round has more money than this entire space combined times a million. Okay. During Jeff Bezos and Amazon's first angel round, their first sort of, like, round, where they were looking for investment, over half of the investment boards, or sharks shark tank, if you will, that he talked to, over half of them, didn't know what the Internet was when he went to present Amazon to them.
Understanding the Market
Imagine trying to sell an Internet business that was losing money, that where half of the investors didn't know what the Internet was. That is where we are in crypto. That was the transition from the old world to the new world. The same thing is happening now with crypto. And it's funny, because if you talk to kids these days, kids don't even know what the radio is. My little cousins, they don't know how to work a radio. They don't know what Fm or am is. They don't know what 97.9 is or whatever.
The Generational Shift
They don't know 107.9. They don't know the stations. I barely even knew the stations. Radio is miserable. That shit's miserable. Even. I would even say for my generation, I was barely on radio. We had cds. Even with the tv. I haven't watched cable television. The only time I watch cable television would even be on sports, which also suck. That's another brainwash. Travis Kelsey. Travis Kelsey and fucking Taylor Swift was the nail in the coffin for that shit sucking ass.
Navigating the New World
We're doing the same thing now. We're transitioning from the old world into the new world. And the new world is cryptocurrency, blockchain tech, and much like now, where Solana and these tokens are a novelty, I think within the next decade it will get to the point where paying with fiat cash is going to be strange, if not, maybe not even allowed. By the time that I'm an adulthood, I don't believe paying with cash will be accepted paper money.
The Future of Currency
That shit will get phased out. You'll have to turn it in for a digital currency, hopefully not a CBDC, but likely a couple more democrats. And yes, you know, democrats have been around 75% of the past 16 years. They've controlled three out of four terms. Look at the world. You think democrats are the solution? I think certain social issues are the solution, yeah, I think you should let people get married.
Political Perspectives
I think you should let people do whatever they want to in their house, but don't shove that shit on other people. Democrats are not the solution. That shit is. But also straight up capitalist. Straight up republicans are also not the solution. You let republicans go for too long and it just becomes corporate dominated. Corporate dominated, like dystopia. You need a little balance of both, for sure. But. But as long as we prevent that CBD, CI, I think that paying with paper money will be illegal.
Economic Predictions
It'll all be crypto. It'll all be crypto. You know, I think a lot of people also look at crypto and say, man, where's crypto gonna go this cycle? You know, the people that got rich off of crypto didn't do it in one cycle. I mean, maybe they did, but short term wealth, the people that got rich off crypto are the people that say, where is it going to be in ten years? Where's it going to be in 15 years? You think Solana will be around in 15 years?
Market Evaluations
Because if so, you're basically seed investing right now into Yahoo. Your seed investing into Google Solana at 150 feels like Google feels like Amazon stock at $1. It does. And if we look at bitcoin, we look at the growth of bitcoin. We're still so early in the growth that if you're a young person, you're essentially getting the S and P 500 on. On meth. The S and P 500 is 8% a year, eight to 12% a year.
Investment Returns
And if you take a look at Michael Saylor's prediction on bitcoin, he believes that the bitcoin will become you. Okay, baby? You become Alice. Yeah, I'm good, bro. If you look at bitcoin is essentially going to become the S P 500 plus 8% because it's global. Global liquidity. S and P 500 is restricted to essentially north american investors. Bitcoin is a global entity. So at its peak, at its max, it'll be an inflation hedge plus 8% because it has international exposure.
Market Characteristics
Plus there's only 21 million of them. It's a fixed supply and completely decentralized. And a majority of that supply is forever burned or locked as. So we like to think. But until then, what we're going to see from bitcoin is a reverse exponential growth curve all the way up to the S and P 500 plus 8%. So you essentially now have the opportunity to get in on a long term asset that through the rest of your life is going to propel you.
The Shift Towards Cryptocurrency
You know, you ever talk to. And unfortunately, we're kind of losing this as, like, young people, like the S and P 500 ain't. Ain't it anymore. I mean, you could have a 401k. You ain't getting rich off a 401k, fam. That's when I talk about the old world into the new world. That shit does not work anymore. You look at millennials. Millennials are struggling. Gen Z is struggling.
Generational Challenges
They will not buy a bonds. They will not buy regular stocks. What is our. What is. What do kids want? What do kids want? Kids don't want to be struggling like their parents. And you look at a modern kid now, the average parent is what, like 30 to 40 years old of these average kids. And many of these parents, these kids see their parents struggling and they say, I do not want to be struggling like my parents.
Financial Aspirations
And what do their parents do? They do all the right moves. They did the 401K. They did this, they did that. They did all the things that you're supposed to do all the things that the government and tv and the view and fucking Oprah tell you to do. And guess what? All that stuff leads to poverty, at least to struggle. And these kids are looking at that saying, I do not want to struggle. I want to be financially independent. I want to make my own terms in life.
Seeking Independence
I want to be rich. And that, unfortunately, doesn't exist for these kids. So what are they doing? They're turning into alt. They're turning to alternate methods. It was the same shit with the Internet, right? People, young people said, I don't want to go work a normal nine to five. I don't want to go watch tv. I don't want to be an army. I'm going to go build a business on the Internet.
New Pathways
I'm going to go build an ecom store. I'm going to go build a TikTok. Hear that? Doing my own laundry. I know you're proud of me. Delicates. Build my laundry like some housewife. These kids do not want to be like their parents. They want a new avenue. And the whole, like, the whole social media avenue has taken over.
Generational Work Ethic
You know, you talk to an older person now, what do they say about kids? They say, kids don't like to work. They don't have the work ethic. How many of you have heard that? Y'all ever had a boomer saying, this generation is, does who works harder? Go ask any boomer who works harder. Your generation or the younger generation? Oh, my generation for sure. You know, these kids just get everything handed. Who's heard? Everyone hear that? Anyone y'all heard of that? Okay, you want to hear something crazy? Socrates. Wait. I'm going to read something to you. Okay, quote from Socrates. Anyone to know when he was rocking and rolling? Socrates death date. Okay, this guy died in 470 BCE, okay? And keep in mind, basically nothing changed from him until, like, not that long ago, it was like the same. People were throwing rocks and shit and wearing no advent. They didn't have Advil, like, up until like, 250 years ago, it was basically the same.
Socrates on Children's Behavior
Everyone was chilling and stinky. They're smelling like shit, walking around in robes. Okay, here's what Socrates said. He says, and I quote, the children now love luxury. They have bad manners, contempt for authority. They show disrespect for elders, and love to chatter in place of exercise. Children are now tyrants, not the servants of their households. They no longer rise when elders enter the room. They contradict their parents chatter before company, gobble up dantes at the table, cross their legs, and tyrannize their teachers. Everyone loves to think that the next generation is doomed and that there are these little devils, they don't listen. Everyone likes to think that their generation is so perfect, that they're the hardest workers and they're the best in the room. Everyone does since the dawn of time, thinks that their generation is the last good one and the next kids, guess what? You guys were kids too, once.
The Truth About Generations
All you boomers in here, Webb. Y'All. Were kids too once. And the older people said the same shit about you, and the same shit about them. And the same shit about them. People don't change their mind. They just die, okay? And this new generation, I'm telling you, go talk to a kid. Go talk to your little cousin. Go talk to. And I just happen to have a lot of little cousins. And I see what their priorities are. I see where their heads are at. I see how they move. And I'm in a unique position, you know, my age. I'm like right in between millennial and Gen Z. I'm technically a Gen Z, but I have like, the mental. I don't know, I feel like the mentality of a boomer and like some things from millennials and then some things from Gen Z.
The Future Generation's Intelligence and Values
So I see all the different ranges and I don't judge. I don't judge these kids. Everyone loves to judge these younger generations. Everyone loves to judge these kids. Get off fucking Fortnite. Get off that stupid ass roblox game. Get off farm Sam. They love to judge these young kids. And they don't realize that these young kids are going to run laps around everybody. They're going to run laps. They are going to control the world. They're going to change the world. They're so fucking smart. You have eight year olds and twelve year olds that are beating 30 year old developers and hackathons. You have kids at home learning how to write a and code with Python and chat GPT and are developing their own decentralized apps and chrome extensions.
Comparison of Generational Activities
Like, what were y'all doing at twelve? At twelve, I was grabbing cicadas and stuff. It's throwing them in jars. Like, dude, actually, no, at twelve I was. No, I wasn't doing that at twelve. At twelve, I was making. I had a YouTube airsoft channel with 90,000 subscribers. You already know balances. I was a jit. It's true. But, but these kids are gonna run. Laughs and these kids refuse. They are going to absolutely refuse this world that we live in. They are growing up right now watching this fucking atrocity of a world. And y'all have heard the quote, I hate saying it because the only people who say this are, like, redneck hicks that are also, like, weak. They say, you know, tough, strong men create easy times.
The Cycle of Generations
Easy times create weak men. Weak men create hard times. Hard times create strong men. And it's an endless cycle. I hate that quote, but it's just. It's true. So you. There's no better thing to say it. You know, right now, what were result. What were looking at is, oh, and if you think it's gonna. It's gonna get. I mean, it's. It's. I mean, this could be as bad as it gets. It could also get worse. We are looking at the hard times created by weak mendez. And what it's doing to these kids is it's building some really tough minded fucking kids. They're looking at the world. They're looking at the failure of boomers and millennials and the millennial.
Discussion about Known Figures
You said. Who? Who was it? Machi. You know Machi? No. Okay, you know. You know Suzu, I guess. No, no. Where is that office in Taiwan? Oh, I don't even know where that is. Yeah, you know, three arrows capital, right? 3 hours. No, I've never been to that office a couple times. Well, I mean, they're one of the reasons why crypto, like got destroyed last cycle. Oh, yeah. I've definitely never been to that office. Yeah. So you went there. Did you go to red building capital to? No. What the fuck is red building up? I don't know. I'm just like making up random names that could be in Taipei.
Last Time Interactions
You know, last time. Okay, last time I said that, like, last time you were like larping that you didn't know somebody. I forgot who it was. I got like 40 DM's that. No, you didn't get. I got a bunch of dms from. No, you got three. No, no, you got three DM. Like. Oh, you got three, right, you got three DM. It was like ten. No, it was like a lot of divided by five. Whatever. The answer is divided by five at most. Okay, so wait, so you, who invited you to. You said Taiwan. Who invited you to Taiwan? Zusu oh ju. And he said, come to the. What? Eight. What is it called? AP Arc or something like that? Yeah, yeah.
Initial Impressions and Work
Oh, no way. I just made that up. I was. It actually called eight part? Yeah, literally. That's crazy. And would you do there? Just working man building some stuff, like some scr action? I kind of, I'm kind of trying to cook up some new version of a 404 for chinese people right now. Trying to. Wait, what project? Yeah, are you Asian? I'm half waysian. Yeah, something like that. Nice, nice. Okay, so you went to. Did you meet with Machi in Taipei? He left the day he came back. The day I left, he was in LA to throw a party for CZ's come out of jail thing or something like that. I don't know. He was in LA.
Plans for Future Meetings
Oh, gotcha. So you didn't get to meet him? No, but I'll be back there in a couple weeks probably, and he'll be there. Cool, cool. So what'd you think of, what do you think of it? I don't know, bro. I was just like in a fucking office for like 17 hours a day, grinding. I've heard that office is also called Cherry HQ. Did you hear that? No. A lot of people call it Cherry HQ. No, never heard of that. That's what I've known. That's what I heard it. Well, but I mean, that's just what I heard. Yeah. I don't know. Office work isn't really my shit, to be honest.
Personal Preferences and Work Environment
Like, kind of defeats the purpose of doing crypto in my opinion. So what do you like to do? I just fucking. I mean it work wise. I like being at home in my office, to be honest. You just don't like going into a normal office. Yeah, with like all these other people. People looking over my shoulder, like seeing what I'm working on and stuff, interrupting. You and talking about dog shit for like 2 hours. Like, come check out this protocol that I'm building. That's never gonna work. You just gotta listen to them. Listen to this. Some person was making some weird, like, I don't know, stable coin of some sort.
Thoughts on Crypto Industry
I don't know what the fuck is going on in there. Wait, wait. Like a USD or whatever or what's it called? Some other shit. I don't know what the fuck it was, but people are like cooking like each like section we're working on, like a different project. Like, what's that fucking protocol called? Baseline. Guys were in there. Oh, what about Jimbo? You've heard of Jimbo? No, the fuck's Jimbo? This is. It's like Jimmy Neutron. Oh yeah. Is there any smart contract risk in Eth? Four hundred. Four s. I mean, our thing is pretty robust.
Audits and Future Consideration
So we've been like audited I think two or three times by some pretty big companies. So they haven't found any good. But there could be like, in theory. No, I don't think so. I mean. I mean, in a future contract if they forked it. Yeah, definitely in theory. Little. A little bit of risk. Just a little bit. Or everything has risk. Sure. Yeah. I will not say a hundred percent, but I mean, our shit has never been exploited. Yeah, that's good. That's good. So you're back now? You're back in the. You're back from Asia?
Current Location
Yeah. No, no, I'm not from the States. Sadly. I'm in fucking Canada. Oh, that sucks, brother. You're not in Quebec, are you? No, no, I'm not in Quebec. In Toronto. Yeah. Yeah. Damn, did I heard only weirdos are in Toronto? Brother. There's so many fucking Indians here now, it's insane. Yeah, well, like people with face tattoos and shit too, right? You ever see them? yeah. I mean, certain parts of Toronto are pretty trashy, but I'm nothing in those ends anymore.
Opinions on Toronto
Yeah, I wouldn't trust any, to be honest. You're like the first cool person I've ever met from Toronto. You wouldn't catch me dead with anyone from Toronto. Freshbo. 100%, bro. I stay away from this face-tatted trash too, bro. 100%. You see that new Canadian policy? If you're walking around with more than 2000 cash. You can get arrested if you don't have documentation. I got the bond money on the CIBC. John, you're. Is that true? Yeah, I think that's cat. I don't know.
Discussion on Canadian Laws
I walked into the bank. No, not cat. You need to have papers. Like you need to have a. You need to have like reasoning as to why you just. CeRn will just tell him he's the founder of 404. Boom. I don't really be telling people. That's a good idea. Let's fuck around and find out. Let's go get arrested in Canada. That sounds like an amazing time. I think you'd be fine. I feel like you wouldn't get in trouble for it.
Cultural Observations
Yep. That's how it starts. If you smell like weed, bro, or you look like you participate in criminal, you know what I'm saying? Since high school. So it's been like damn near. You should be good. Yeah, I used to work in weed and that shit put me off. So what was off putting about that? Well, here we go. Here we go, bro. Pesticides, bugs, mold. Like a bunch of shit. The way it's grown, the weed industry in Canada is pretty fucked up to be honest.
Issues with the Canadian Weed Industry
There's like the black market and then there's the government weed but it's actually all the same stuff. All these lp's licensed producers. Like when the government doesn't buy from them, they have to burn all their weed. But instead of burning it, they just backdoor in a truck and just sell it to the black market anyways. But there's like a black market versus legalized weed amongst the people. But they don't know they're all just smoking the same shit anyways. And it's probably not even weed. Like it be that Delta nine shit.
Personal Experiences with Weed
Never take Delta nine. Delta nine is. Delta nine is. Is what is it called? Salvia. It's the same shit Delta nine will have you like in the corner of the mall bugging. Yeah, I mean that fucking. What's been popping in America these days, a fucking galaxy gas? Like what the fuck is that? No, fucking. These new whippets. They have these new whippets. We got some other stuff in them now. You guys doing down there, bro? You guys like bougie whippets?
Perception of New Drugs
Not me, I mean I live in Taiwan. Yeah, flavored pina colada whippets and shit. It's crazy what is happening to society. I heard you're supposed to boof those ones. Can't we just 404 in peace like, this shit's getting out of hand. I just want a 404 with a dabber ranch. No, man, we can't 404 in peace. I talked to a couple foundation people, bro. We're about to go to war, bro, if anything.
Upcoming Challenges
What do you mean? I think they want to make their own standard. That's basically a fork of our. I think I talked about this last time with the crypto kitties and nfts. Oh, like the crypto kiddies be scamming and shit? No. So, like, the Ethereum foundation, when NFTs came out, they were like, oh, no, we actually made the standard. And he was like, I hope they don't do that to me. And apparently, according to him what he just said, they're trying to do that to him right now.
Future Implications
Right? Yeah. Me and my other co founders, we'll see. We'll see how it goes. I mean, we kind of have, like, everything on chain proof wise, but it doesn't matter. It's like, who can push the better narrative? But those old heads are pieces of shit. So, I mean, listen, the. They have the money, but they do not have the creative, correct? Like, that's the one thing that these foundations don't have.
Reflection on Creative Control
They have the worst, like, the most miserable people and the worst ideas. That's why, you know, money does not equal success in this space. That's why some of the best products in this space are backed by nothing or no one. Or the people that are creating it had no money and they had no clout. They just were able to create it because their ideas were the best. Honestly. That even goes for people with following, like, anyone.
Critical Perspective on Popularity
Like people that have a lot of followers generally, the more followers they have, the dumber they are and the worst opinions that they have. I mean, I mean, look at. Look at pandora, right, as a prime example. Like, no backing, no vc's, no kols. We just, like, three guys launched it. So. But it's. It's getting less and less common. Like, all these launches are like cabal launches.
Launches and Market Dynamics
They get, like, listings, mms, like, primed and ready to go. They got, like, all their friends and kols in before anybody else can get in. And then it lasts three weeks, four weeks. Yeah, there's not. There's not many that, like, indie projects actually do well this cycle. You mean like pox and Pandora? Yeah, exactly. Like, last cycle is more common this cycle. It's more contained amongst cabal groups or whatever you want to fucking call them.
The Nature of Success
The sad part is that they don't just launch shitty projects that they invest resources into preventing others from having any ounce of success. Like, they will take losses on other people's projects or pay for fun or pay for. Like, they also own these little news places. I'm not gonna mention any names, but they only, they own these crypto news sites, and they drop soft fud or sometimes hard fud, too.
Challenges in the Crypto Space
Yeah, I mean, super common. Yeah, it's the norm. It's the norm. We should start a media company, call bark media or something so we can do it, too. Oh, never mind. Except we don't just compete on the web three front. The web three front is nerds battling nerds. We'd be in the streets. You heard web two all over Vegas. There's levels to it.
Possible Marketing Strategies
Can you imagine a deal with Rolex? I can't, but that's besides the point we're word focused on. See, this cycle, what do you think the big narrative of this cycle is going to be? Things gonna be onboarding or institutions or exchanges? What do you, what do you think, sir? I mean, I hope it isn't institutions. If you look at institutions, they're all Chinese people.
Concerns Regarding Institutions
Like, it's all Chinese run institutions. Even like those smaller ones. They're all owned by Chinese people. If you look at. Look at all the centralized exchanges, it's all China based. So if it is institutional, we kind of lose, to be honest. Even if it's like, Blackrock starts buying the shit. We're just like, farming the Chinese. Oh, we've already lost. It's already happened.
Cultural Insights
Yeah, exactly. So, I mean, that is what it's looking like because meme coins, like, where's the end goal? It's like to get listed on a Chinese exchange. So, so I hope the meta kind of changes, because like, this isn't the ideal route for us, I would say. I mean, I would like to not have to switch sides and just, like, start speaking Mandarin all the time instead of English.
Language Barriers
But do you speak Mandarin? Yeah, I speak fluent Mandarin. Oh, no shit. King ant also speaks Mandarin. Wow, that's useful. A lot of people, web three, don't say something in Mandarin. King talk. Fire. Good, have a cop. Just have, like, a quick dialogue. Real quick back and forth. Just like, show people.
Language Practice
Yeah, say something to me. Real. We'll just say, like, what's up to him. Like, certain. Just like, ask him, like, what's up? Or like, how he's been or something like that. Like, basic, if you can, in traditional Chinese, be traditional or do you speak Mandarin? Yeah, yeah, yeah. Just like ask him what's up or where he's from or something like that.
Cultural Connections
Nissan. I know. Yeah, yeah. Crazy. It's actually far. I mean, that's crazy. Your community is like, very diverse. Yeah, born he was, yeah, he was born in Texas and went to UT. Rushed at Guy Rama. Guy. And like, through school, learned Mandarin. A lot of Chinese people in Texas, actually. Ton of them.
Observations about Diversity in Texas
Ton of them. It's like the more people are Chinese, more Chinese people in Texas than in China, believe it or not. I don't know if you knew that. Okay, so institutions are taking over. Why don't we just roll over and give up and just try to get rich and then just bounce? Yeah, I mean, like, that's why I want to launch like a special for projects for the Chinks.
Anecdotes on Future Plans
Like one more extra, one more liquidity extraction and then we out you, something like that. I don't know. Yeah, maybe a couple more. I don't know. I'm always building stuff. So, but yeah, maybe I'll front face something for the Chinese people this time. What do you think about the macros? What do you think the macros are going?
Current Economic Environment
I have no idea. I think nobody. Like, I have no fucking clue. Let's just say macros, like, super, you had shit doesn't make sense. Like next day fucking Iran launches missiles again. Fucking some bullshit happens. Like, who knows? That's all a show, brother. Like, that's just. Yeah, I know, exactly. That's like fireworks.
Perceptions on Global Events
It is, it is like, but it's like government run, like fireworks shows. Like, who knows what the fucking macro is? Like, maybe China makes another Covid. Like, I have no fucking clue. Okay, let's disregard any firework shows or code. Maybe monkeypox, I don't know. Let's disregard any. I gotta put that in the title.
Conversations on Future Outlook
Disregard any, like, external events. I mean, as the founder of mean, you walk so that we could sprint. If you had to just throw a dart at the board and say, where do you see the big three going? Where would you say it? I'm just gathering. I just like to ask everybody, because I like to see where people stand so I can just kind of form.
Expectations for Growth
I think, in front of reacts at the very least. Bitcoin. Yeah, I think bitcoin above 100k is pretty standard. I mean, that seems obvious. Yeah, I think that's like very standard eth. I don't know. As an eth boy. Like, it's kind of hard to vouch for this shit right now, but I don't know. I think it'll still have one.
Market Predictions
One hate rally that's going to be pretty strong. I mean, east is usually really strong at the end of the cycles, but it's been just like, dog shit soul. I mean, I think Seoul doesn't get snuffed out by any of these new chains that are trying to snuff it out. Like, I don't think Monad or anything like that coming out really come.
Cultural Influence on Performance
Like, the culture is too strong on Eid. So, I mean, on Seoul. So it's. It's probably gonna last quite a while. So it's probably gonna perform pretty well. I would say, like, early next year. Probably like a two, three x on it. Maybe like, $500. Wow. You're pretty conservative on your guesses.
Personal Investment Strategies
Yeah, I'm pretty conservative in general when it comes to this shit. So you don't set expectations and just, like, burn yourself? Yeah, I mean, I'm. I don't really earn my money from holding these tokens. I think if anyone wants to really get rich with low downside, it's. It's probably best to earn these tokens, if anything, instead of.
Alternative Methods to Wealth
What do you mean? You can always make it. Like, I've actually never invested in crypto. Oh, you mean, like, exchange fiat for crypto? Yeah, I've never exchanged fiat for crypto. Yeah. So you're saying, like, work in the industry and get paid in crypto? Exactly. And just hold it. That's all you really need to do.
Advice on Earning in Crypto
Just, like, launch, pump phone, pump funds via proxy and rug them is what you're saying. No, I mean, I think do something that's more creative and high effort and less extractive. Probably try to be, like, net positive to the space, even though it's like a net zero game, because it's all money games, but put out good ideas at the very least and, yeah, just earn it.
Ethics in Crypto Creation
Like, earn it and stock your. Your tokens. Stack your little solanas and ethereums and bitcoins. Do you think that good behavior and doing things that are, like, a scene is net positive? Is it is, like, properly wrote, not, like, just rewarded but acknowledged? Like, do you feel that you receive, like, true acknowledgement for not being a piece of shit?
Reflections on Reputation
I think it's harder for me because I'm lessening front facing. I don't fucking do spaces. I'm not on Twitter, like, all the time. I'm not sure. I think. I think even if you try to do good in crypto. Since someone will actually always lose money, it doesn't actually matter that much. It only matters if you care about it.
Personal Attitudes Towards Crypto
This certain guy's pretty deep, very unique perspective. Okay, so it's more so at night when you put your head on the pillow. If you care about other humans, it matters to do the right thing, even if people aren't watching, because, like, at the end of the day, whether you do something good or bad, like, someone's always gonna be. Even if you do everything right.
The Reality of Outcomes
Yeah, someone's gonna. Someone's always gonna get burned. Yeah, exactly. So it only matters to yourself. So I think, like, yeah, recognition, doing the right thing, all the shit. I don't know, CT clout, all that stuff. Only matters if you care about it, to be honest. Wow.
Scams and Ethics in Crypto
All these people that are serial ruggers and scammers, I mean, I guess these days those terms have lost all meaning. Like a serial scammer in web three. I mean, everybody is, quote unquote, a serial scammer. You know, it's hilarious. Scammers calling other people scammers.
Observations on Fraudulent Behavior
Like, in building, like, their whole identity is, like, calling out scammers, even though they're just a scammer themselves. Right? Do you think that, like, how do you think they feel? I mean, do you think that these people. I mean, I see a lot of these founders, they wear sunglasses to indoor events. They can't look people in the eye.
Behavior of Founders
They're, like, using copious amounts of drugs and alcohol and face tune. And I just look at that and I just think to myself, man, what are they doing that causes them to behave in that way? You think a lot of these people, a lot of these founders are actually doing more damage than good. Maybe that question is too deep.
The Damage Done
Like, to themselves. Like, they just can't. They have a hard time living with themselves because of the actions that they've done. I mean, it's really common in crypto for some guy. It's kind of like, it's kind of like the old, like, music industry. It's like one hit wonder, and then they just crash out.
Parallel Between Crypto and Music Industry
You know, it's. See it in crypto a lot, and they. They care about those things, but there's. There's only, like, a handful of projects that are, like, multi cycle and long lasting. So most things go to zero eventually, and they usually can't, like, bear with that. You know, a crypto is one one off.
Euphoria and Despair
Like, if someone's on the other guy's off, if one guy's on the other guy's off, and a lot of people can't handle being up so high and then off all of a sudden, so. But they still have all this fucking money, so hence, that's the part. That's the part that I'm trying to wrap my head around is you look at someone that was on top of the world.
Consequences of Rapid Success
I mean, you look at crypto Garga and Jordan, Gordon Goner. It's like Gordon Gardner is, like, in the hospital for, like, health reasons. And then you look at Kevin Rose, the founder of Moonbirds, and he went on a podcast saying he has crippling depression and a ketamine addiction. And you look at these people and you say, wow, wait a second.
Health Issues Among Founders
Just a year ago, they were on top of the world, and now they're, like, addicted to ketamine and, like, crying for help. It's like, what happened? How is that, like, what goes up? Does it always need to come down? Is that, is that really how it goes? And, like, those people that get to those extreme highs or it's always followed by some extreme low?
Philosophical Considerations
No, I don't think that's how it always goes. Like, there's a rare cases of people actually like, being, having longevity, but people that go up that fast and are kind of fucking stupid, I guess, like, kind of bound to come down, right? And it's like Max euphoria and then it's Max despair when they're not him anymore.
Attributes of Successful Individuals
And there's, you know, those guys, like, they don't really have taste. They don't really have a life outside. So it's like the money's kind of useless in their hands, so that's why they turn to drugs and drinking and whatever the fuck.
The Reality of Wealth
This conversation is getting deep. It's getting, I mean, I look at these founders from last cycle. How many of them, you know, people would have taken a bullet for them? I mean, I look at, like, Vultura, the founder of Psychedelics Anonymous. This guy was on top of the world. I remember getting in fights with people.
Reflections on Past Founders
Fights, I mean, just fucking Twitter spaces, whatever. Just arguing with people that, you know, why is he launching a 9th collection when he has eight collections that are headed to zero? And people would sit there and do death threats and the whole nine and all this shit. And now you go, look at Psychedelics Anonymous. It's less than 0.01, or it's like 0.01 floor, and those things are at five to ten eth at one point.
Decline in Value
And Voltura is nowhere to be found. His last tweet was in April saying that he's cooking and he hasn't tweeted since. And it's like these people that were legends are nowhere to be found. That's not exclusive. That goes for a lot of big collections. They're nowhere to be found.
Survival of Products
So you're saying most products can't survive multicycle. Do you think people just forget? I mean you say that now, you know that because you've been around. But do you think this cycle is going to be any different? Or do you think that tons of new products are going to come out? People are going to be saying that these founders are the best ever even though they've never even been around here.
Learning from History
Do you think that history, do you think we learned from history or do you think that we're doomed to repeat ourselves again this cycle? I think that's aspect is probably gonna be repeated. There's not gonna be that many that last next cycle. I mean you mentioned all these founders and people, like, I mean look at, look up pack, right? Like he had the highest art sale ever and like where the fuck is that guy?
Investment and Impact
Who? Murat Pack. He did. What was it? What was the sale? I don't know, it's like fucking, it was like a nine figure sales. Oh, bigger than people's everyday thing. Yeah, it was like some fucking retarded number. It was like it was an art mint of some sort. But yeah, it had to have been some laundering, right? I don't know, it was some crazy shit.
Various Perspectives
Who fucking knows? But him and like novel or navel or whatever the fuck his name is. Oh, running the show. But like I don't know. Remember X copy? Yeah, X copy too. I mean I like the dudes art but like where the fuck is the guy? Like they made where all of.
Rediscovery of Artists
Exactly. And like the QQL and all that shit. Like what happened all these art. Remember the proof pass? Like proof collective. I remember proof collective, people were dropping 110 eth on the proof pass. That's what I'm saying. So like you see these coins that are going to like a few billion dollars market cap, like I think will be the same for most of them.
Vast Market Cap Discussions
There will only be a handful. That actually survived the next cycle.
Criticism of Bored Ape
That. You're not allowed to criticize. Yeah, well, now you are. Now you are. But the time where I was criticizing bored ape was just, I just got fucking. Like I'll even find it. I have so many posts about it. Spot the, I'm gonna pin this one up to the top. Wait, spot the difference. Look, you even had, boy, you had yuga Labs employees commenting on there. Like, dude, one sells dad jeans and the other one is the biggest brand and web three ever. And I was only right, I got, you used to not be able to critique. That was the weird thing that I found washington at the peak of itself and I wasn't even hating. I was just like, yo, there's got to be something is wrong. I know I'm not wrong. That $500,000 for this is a bit inflated. So can we just look around and realize that this is a bit inflated? Like, what are you really buying? You're buying IP. And the IP wasn't even that strong.
Perception of the Marketplace
In fact, some would even say that the IP was weak because it could, there were so many ties to some negative things, racism, whatever. And I know they weren't racist, but I'm just saying the world perceives these things. And like the helmets and stuff, I mean, they even got sued. You know, they went through the big lawsuit for that. But during the bull market, I think people forget how crazy and how ridiculous things get and what people will do for their bags. Like the lengths that people will go to defend their bags. I mean, they will go, they will get in fistfights over a meme coin that goes to zero because the founders never launched anything before and doesn't know what they're doing. I just. Who do you think is launching most of these projects? You think it's, you think it's new founders or do you think that it's people by proxy? Because I don't see very, very many. I don't see like any new founders coming into the space right now.
The Cycle of Projects
Usually previous founders that literally go to these like token 249 events or like Dubai and get some like, guy to back them. That's usually what it is. Some fucking Dubai chic oil prints, Dubai toilet type person. It's all dog shit, isn't it? Everything here? Pretty much, yeah. I mean, I would recommend, like, you talk about ip, you talk about all these people that don't exist and like, you like fending for people and, you know, people like going about for other people just like at the end of the day, like worship no other man, worship no other project. Like, think with a level head. I would say very difficult to do that, though. Super hard when money's being made. Yeah, super. Even people that are disciplined, I've seen people that are very disciplined in life, I've seen the bull market destroy them. Like, they get on such a high.
Personal Experiences in Crypto
And I know this isn't the case for everybody, but, you know, I just take like going to Vegas, for example. Like I got back to Vegas today. It's so, it's just so quiet and so there's almost like a, it's almost like too quiet. There's like a state of the dopamine. I mean, I'm in a lowered state of dopamine. It's like the world's a little bit grayer, but I know it's important. I know it's necessary. I know it's a part of this part of life cycle. So I embrace it and I take the learning lessons from it. But then you take something like the bull market, for example, where instead of a week trip to Vegas, it's a year and a half trip to the bull market. And then you got to come down from that. Like you said, people, they lose their money and they're no longer him. And not only are they no longer him, they're now hated by the people that once loved them. And it's like, how do you deal with something like that? I've seen people on top of the world.
The Nature of Market Cycles
We've all seen it. Your favorite NFT founder, they were on top of the world at all the events. Dripped out, blinged out, popping bottles, having fun, to being like, bent over a toilet because they can't get any more ketamine and they're fucking throwing up because they can't be in their k hole anymore. And it's just like, man, this. This space can eat you up and swallow you and spit you out very quickly. You. How do you not. How are you supposed to not get caught up in that? Just, what do you got to do? Stay in. Fucking stay in Toronto? Yeah. With, like, with police cars that have trans flags on. I mean, I travel a lot. I probably spend half my time in Toronto and the other half elsewhere, but Toronto fucking sucks. It's pretty boring. But I like coming back here and just grounding me, to be honest. I mean, that's the same thing, like, with you going to Vegas and going back home.
