On the mic
Summary
The show opened with a recap of an earlier giveaway space, a warning about scammers impersonating hosts, and plans for a hundred days of giveaways every Tuesday. The speakers then covered the market rally, including Pepe's market cap, ETH's sharp move up, a large jump in trading volume, and meme coin activity on Base. Farcaster got a long segment covering frames, airdrop potential, and open questions about the Degen layer three chain, along with reminders to never risk life savings. On regulation, the speakers discussed the FIT 21 decentralization bill, the SEC versus CFTC question, and a reported Ethereum ETF ticker listing on the DTCC. The second half looked at smart contract risk, including owner-only functions in the MOG contract, the Gala exploit, how easy it is to launch tokens, and why onboarding needs education. All of this is discussion, not financial advice.
Chapters
Hundred days of giveaways, Tuesdays at 10:30 PST, plus FRENCHIE MONTA's giveaway campaignMomentAt 0:08:28 on X
Trump-themed Pepe tokens, a presidential candidate accepting crypto donations, and the trading volume surgeMomentAt 0:14:36 on X
Owner-only functions in the MOG contract, the Gala exploit, and the risks of mint functionsMomentAt 1:03:45 on X
An AI clip tool in development, easy Solana token launches, and the need for educationMomentAt 1:16:36 on X
Key quotes
“When we play this game, we play this game with money that we're willing to lose, and that money we we we need to lose is never our life savings.”
Kool0:28:25Share on X
“We want clarity. When there's clarity, there's more capital. It's that simple.”
“where we're at currently is the result of onboarding without education.”
Bread1:21:37Share on X
“We are trying to educate, but, ultimately, you can only teach the people that want to learn.”
“The more excited you get, the more mistakes you make.”
Excerpts
Recap of the earlier giveaway space and scammers impersonating hosts
- 0:05:39 Kool Yeah, man. You... It was a great space today, man, giving out that much money. I mean, anyway, it's not about the giveaway, though. I I like the fact that you guys are onboarding people to the Welsh community in…
- 0:06:43 Kool Wow. Yeah. That that... You know, I... I've I've... We've we've we've done giveaways on weekends on On MySpace, and I I experienced same thing too. What... So I I do the same thing with what what you guys did today…
- 0:07:35 Dave Yeah. Me too, my guy. Me too. And it's so subtle, the differences, bro. Like, they'll literal... I'm like, wait. Is this the guy? And they'll have legit, like, the same exact name, but just instead of, like, you know…
Hundred days of giveaways, Tuesdays at 10:30 PST, plus FRENCHIE MONTA's giveaway campaign
- 0:08:28 Dave Yeah, man. 20 people. Like, we gave away... Like, just so everybody here knows, like like, if you weren't... If you happen to not be in this space, right, I literally opened up the space by giving away a runestone, and…
- 0:09:36 Dave Alright. Wait. Wait. Wait. Wait. I'm I'm I'm gonna get there. But I was... I just wanted to see, like, would you donate, like, one or two of your NFTs, like, to WikiGrave? Yeah.
- 0:11:18 Dave Yeah. We're on for, like, we're on for about ninety minutes on this show. You know what I mean? So, yeah, you got plenty of time, bro.
Pepe's market cap and its link to the ETH price
- 0:12:03 Dave Yeah, bro. I appreciate you, man. Alright. Let's get this show kicked off. Cool. I mean, the markets today are beautiful. You know what I mean? Like, it's like seeing green like this is something like, not too much of…
- 0:12:33 Kool Yeah. So it... It's it's because of the... It's direct connection to Ethereum. Right? It's it's on ETH. And in addition to... Right? It's it's probably the the one... The greatest memes I've ever seen, man. It's so…
- 0:14:02 Kool For for for for the first time ever, broke a $55,000,000,000 market. Yo. Pepe is bigger than some US companies, man.
Trump-themed Pepe tokens, a presidential candidate accepting crypto donations, and the trading volume surge
- 0:14:36 Kool do you look at that? Yeah. So... Look. So... No. I I do look at that. Right? But what's what's interesting is it depends what the blockchain is. There's a there's a lot of Pepe's up... I mean, just type in the current…
- 0:16:21 Kool it is. Right? The trading volume is... You know, if I was explaining to someone, doesn't really get it, it's, is the is the the volume of buyers and sellers. And there's a number that I I gives you. The trading volume…
Base chain meme coins, a token spelled h i g h e r, and the Frame token
- 0:18:09 Dave So so here's here's where I'm at. Right? So I've been looking at a bunch of shit today. As crazy as my day has been, I've genuinely been looking, like, where are these plays? And I always look at, like, the top…
Farcaster airdrop potential and how to create an account
- 0:22:32 Kool Yeah. So about Farcaster, I'm actually happy you spoke about this. First, let me just say one thing first. I just wanna give big ups to the Nigerian community. For some reason, these guys, man, are always ahead of the…
Farcaster frames, Degen chain, and questions about layer threes
- 0:25:43 Dave Yeah, man. And and just so y'all know, right, like, the one one of the things that that I discovered on Farcaster... And if you have... By way, if you have... Speaking of dusting off, if you have an ENS name, dust that…
- 0:28:09 Kool Yeah. I I think it's it's it's it's just so early. Right? I mean, I think this might be one it might be the, you know, the first project to launch a layer three chain on a layer two. I do know that there's a lot of…
Risk management and the Alex Labs incident
- 0:28:25 Kool the the DGN chain, it stopped working for, like like, fifteen, sixteen hours. But I do know that a lot of big brains are bullish on on a d... On a DGN chain. I I can't... Like I said, these Eid guys, they do a lot of…
- 0:29:52 Dave Yeah. I mean... And and just to clarify because I know that Hero's probably gonna, like like, request any second now to come up and be like, it wasn't a hack. It was a phishing attack. Hero, I got you. I'll I'll I'll…
Taking profits versus accumulating ahead of the ETH ETF decision
- 0:30:55 Kool Oh, okay. So it it depends. It depends. It depends. It depends. If you... Ah, man. I I hate this kind of a... This kinds... These kinds of markets because you don't... We don't really know what's about to happen. Okay?…
- 0:32:21 Kool I just don't like, you know, trying to time the market. I I would rather, like, for example, now I'm buying when every day. I have Wells. I buy Wells occasionally. I buy when every day. I don't even care about the…
- 0:34:49 Kool Jesus Christ. Bro. Bro. Bro. You you you do realize that. You you realize that, China. China hasn't even seen... Okay. So, so, you know, so the the two biggest markets money wise to me is, US and China. So we are at…
The Vanneck meme coin index and the case for meme coin exposure
- 0:39:24 Kool Yeah. That's... Yeah. I I... Like I said, it's just... We we need a different market now. You know, we... Dave and I spoke about this already. We saw Vanneck, have a MemeCoin index. They they added the top nine…
- 0:43:03 Dave Yeah. He's gonna do it too, by the way. Like, he... Like, I I have, in my opinion, also, like, Doge for me, I feel like everything Elon's been hinting to, how he wants to make the all in one platform, I genuinely…
- 0:43:20 Kool Oh, yeah. I I agree. I... And, also, I also think that the reason why Elon Musk hasn't really been tweeting too much crypto stuff is because of the current environment of the current government. The current government…
The FIT 21 decentralization bill and SEC versus CFTC jurisdiction
- 0:43:59 Dave Okay. So, I I mean, I've been wanting to tackle this for a minute now. Right? I saw this story come out. It was a couple days ago, but I think they're now getting ready to put it to the house floor. And, man, this is…
- 0:46:37 Kool huge bill. Yeah. Is a... You know, it's kind of funny too because this is what we want. We want clarity. When there's clarity, there's more capital. It's that simple. There's no... There's nothing to it. Right? And you…
- 0:51:18 Dave Yeah. Yo. I'm telling you, for those that came into the room a little bit late, like, that came in just now, what we're talking about is the decentralization bill that is set to hit the house, obviously, and then…
Ethereum ETF ticker listed on the DTCC and the DTCC collateral rules
- 0:52:51 Kool No. No. I mean, always remember, it's all about control. Right? The the governments around the world, not just The US, all around the world, they don't like giving up the control. This industry is so disruptive. It…
- 0:57:16 Kool If you do it right, you could flip that to hundreds and hundreds of thousand dollars, man. So there's a there's a post in the pin message. Go and check it out, and, just do what do what you're supposed to. But I think…
- 1:01:17 Dave Segments. Oh, you know, hey, Brad. You know what segments are? ENS domains. Well, on the Algorand side. Yeah. Yeah. Yeah. We're in.
Owner-only functions in the MOG contract, the Gala exploit, and the risks of mint functions
- 1:03:45 Bread Yeah, dude. It was the MOG token, you know, which is crazy because, you know, every KOL on the planet is pumping it. Right? And turns out, you know, I read an article earlier that somebody ran their smart contract for…
- 1:09:26 Bread Oh, a 100%, dude. No. I agree, man. Like, if the contracts, I mean, have been around for a while, like, it means... Because, like, as soon as you deploy a contract, right, I've deployed... Shit. Yeah. I... I don't…
- 1:12:11 Dave I don't remember the... I genuinely don't remember the first one, so I couldn't I couldn't say yes or no. But, bro, the fact that they're able to mint... Now it's like... Now you have another $44,000,000,000 Gala…
An AI clip tool in development, easy Solana token launches, and the need for education
- 1:17:01 Dave It's Clippy. I like that. Is that, the pun to the the Microsoft little clippy from way back when?
- 1:20:50 Kool Because what... What's interesting is we experienced this before. I know she's summarized. She mentioned this stuff, like, couple weeks ago that we experienced this on BNB. BNB was the d... The DGen chain last cycle…
- 1:25:22 Dave Yo. I... I've been... Bro, I've been saying this the whole time. She's hemorrhoid. Yes. Yes. Yes. Y'all see the women down there? Like, the, like, the women that are in the VV fit, like, Nikki down there? Mad props…
Short excerpts from the auto-generated transcript. Listen on X for the full show.