On the mic
Summary
This episode of All Things Crypto opened with a deep dive into Stacks mining, where Dave @DCBK2LA explained how Bitcoin miners bid on Stacks blocks for a reward of 1,000 STX per block, with winning bids he found to be around $138. That led to a wider discussion on decentralization, whether conviction or price drives investors, and how often to reassess a portfolio. The panel then covered the Bitwise forecast of $15,000,000,000 in Ethereum ETF inflows, and argued over whether Bitcoin ever needed an ETF. They also discussed BlackRock's iBit trading volume, a thwarted DDoS attack on Cardano, a proposed Polkadot Cardano bridge and Tether's USDT growth on TON. The show closed with Dave's story about launching a token on pump.fun, plus reflections on the toll of meme coin trading and why market cycles repeat. All of this is discussion, not financial advice.
Chapters
Bitwise forecast of $15,000,000,000 in Ethereum ETF inflows and possible July 4 approvalMomentAt 0:34:04 on X
Top Bitcoin holders and custodians, BlackRock iBit volume, and big money controlMomentAt 0:48:15 on X
Key quotes
“It's like the mass majority of individuals of, especially new investors, they need less and less conviction about the tech and more conviction about the price.”
NatNat0:21:16Share on X
“So make your own decision because you you are in control of your life. You are in control of your money.”
Kool1:07:06Share on X
“But we didn't really focus on the on the price too much. We focused on execution.”
Dave1:19:33Share on X
“You know, use now as a learning time to really find out how this shit works. Watch the patterns. Watch the cycles because it will happen again.”
Bread1:28:10Share on X
Excerpts
Opening monologue with the day's headlines
- 0:07:25 Dave Thanks, Judy. Appreciate it. Did you hear the little chuckle she gave? She was like, you know?
- 0:07:39 Dave all that stuff. I'm like, Judy, but you gotta act like me and you are, like, super tight. Like, we're super close. And I guess it it it takes from other conversations. But... Yeah, man. She's, like... She... You hear…
- 0:08:07 Dave Nuts, man. It's nuts. I thought Gerald came up. Gerald, what's good?
Birthday shoutout segment and Welsh hype
- 0:09:56 Dave Here's here's here's what we're gonna do. Here's what we're gonna do. Don't want you I don't want you upset on your birthday. And for everybody knowing, this is not a stage thing. I swear to you. I'll give you some…
- 0:10:45 Dave Nat, I think we gotta check on Gerald. We gotta make sure this we gotta make sure home is okay, man. Yeah. Gerald, I appreciate it, bro. And happy birthday, my guy. I don't know what to make of that, but... Alright.
- 0:11:08 Dave Post what in the chat? No. No. No. Just send me your stocks wallet address.
Stacks mining explained: Bitcoin miners bidding for 1,000 STX block rewards
- 0:13:09 Dave check this out. Every ten minutes, 1,000 stacks is going to a Bitcoin miner. Right? So now you're probably saying to yourself, well, wait a minute. Like, a thousand stacks, like, is going to a miner. Like, how much did…
- 0:14:19 Dave You think? Like, I what the hell are we doing over here, guys? Nat, what are we doing?
- 0:14:29 Dave A $138 to mine a block of 1,000 stacks. Like, that is crazy. I said, so on average, what was the, like, the average miner, like, making on, like, on a on a on a daily basis? And they said when the price of stacks was…
What it takes to run a Stacks node, and whether crypto is really decentralized
- 0:15:04 Dave Okay. So this is... Great. Now that's the question. Right? It's like, how do we do this? So it starts with, do you actually have a... Like, is somebody you know or you... Or yourself running a Bitcoin node? It just so…
- 0:17:11 NatNat That is a valid, valid, valid question. And with with regards to Grayscale, they might be the ones, you know, mining and getting a lot of these points. No wonder they dove in head first. Makes sense.
- 0:17:23 Dave I couldn't believe it. I was reading about it today, I'm like, oh my god. There is so much money in that. Because I think we say this all the time in crypto. Right? Like, it's a whale's game. You know what I mean? It's…
Conviction in the tech versus price, and meme coins as proof
- 0:21:09 Dave Big facts, bro. Like, that's it. Yeah. That's it. Yeah. Go for it.
- 0:21:16 NatNat That goes hand in hand with what Ku was mentioning yesterday, that as much as we want to stick to solid projects, well known coins. At the end of the day, when we look at volume, memes have the upper hand. So it's like…
Stacks as the only L2 paying yield in the native L1
- 0:21:52 Dave Like, are we are we we... Like, are we, like, really kidding ourselves, like, with all this fluff of we're early we're early. Like, this really makes me... Are we just really in, like, this silo where, like, we're just…
- 0:23:20 NatNat Yeah. It is. And I... With regards to stats itself, I do really believe we're early, man. I re... From... Based on my experience in markets in general, everything works in cycles. So right now, we do have the meme…
- 0:23:51 Dave These layer twos, I mean... But, like, I thought that was such a fascinating statistic. It was like, holy shit. He's right. And they pay out at, like, 9%. And I was talking to two devs, the and the devs were telling me…
Reassessing a portfolio: capping positions and the sixty to ninety day rule
- 0:26:06 NatNat Well, the way I do it with all of my investments is I cap it. So that way in in case I'm wrong, I'm not losing all of my shit based on this one. So if I were in your position, let's say, if I'm cool with what I…
- 0:29:22 NatNat And that's the key with diversifying your investments. Right? Because you don't know which one is going to take off first, which one is gonna, you know, bring you what it is that you're looking for. If we stack into…
- 0:30:07 Dave Oh, we gave you a ton of shit already in the beginning. You missed it. Junie gave it to you too, but it's fine. It's fine. Don't worry about it.
Staying the course with a long term strategy
- 0:32:50 Dave Great point. And wait wait till I tell you our... I got a great story for you at the end of this, Shisamura. We tried to launch a token on pump fund. Oh, boy. Was it fun. Yeah. It was an experience. I'll tell you that…
- 0:33:51 Dave I hope... I don't have the complete formula, but I'll tell you this one. It was definitely a learning experience. I'll give you what I have. And maybe if you decide one day you wanna launch your... The samurai meme…
Bitwise forecast of $15,000,000,000 in Ethereum ETF inflows and possible July 4 approval
- 0:34:04 Dave That would be the... That would be some shit. Alright. Next story. What do we got? Let's see. Tether. Well, we'll save this one for cool. USDT and tone. Nat, Bitwise. The Bitwise CIO projects a $15,000,000,000 inflow…
- 0:35:33 Kool She's samurai, man. You you you should you should stay. I... I'm I'm the one that's late, man. I'm the one that had to,
- 0:37:34 Dave Let's go. About from our resident ETH developer, Brad? Welcome. GM fam was good.
Debate on whether Bitcoin needed an ETF
- 0:40:44 Dave Super interesting. Okay. No. Bitcoin didn't need an ETF with... So, I mean... Yeah. Cool. Yeah. Cool. Go for
- 0:40:55 Kool I don't I don't know if I... Chrome, I don't know if I grew with you with that, man. I'm not gonna lie to you. Okay. So the the reason why I believe it does... Okay. It it didn't mean ETF back then. When it was a $100…
- 0:45:13 Kool that's dickering to me. Right? The ETF to me is not Kevin Durant. There you go. You added Kevin Durant on top of on top of Kobe warriors. I mean, they... They're unbeatable. I mean, that's what happened. They they…
Top Bitcoin holders and custodians, BlackRock iBit volume, and big money control
- 0:48:15 Dave So check this out. Top five Bitcoin holders versus top five Bitcoin custodians. Number one Bitcoin holder, Satoshi Nakamoto. Alright? That's said to be over about 1,000,000. Binance, number two at 498,147. Bitfinex…
- 0:50:20 Kool Yeah. Cool. Oh, no. No. David, it... It's gonna get worse. How big money works is how the black... BlackRock works. I'm really heavy in I'm obsessed with that stuff. And I found that one of the biggest holders of…
- 0:52:11 Dave Hey, Samurai. This is all you right here. I feel like this is what... It's like, hold on to your Bitcoin. I've been hearing this narrative a lot louder now as of late. What do you... Like, agreement? Yes?
Cardano fends off a DDoS attack, Nike token and ISO compliance
- 0:53:37 Dave Come on. Let's go. Shout out Cardano. Come on. Solo, I know you're gloating down there, my boy. You deserve this one little win. Anybody wanna touch on this one? Give Yeah. I'm... Yeah. I I wanna...
- 0:54:53 Dave he in in... What was he Bro. Benny's in Nike. A hunk, bro. I can guarantee you. Yes. Yes. Yes. Wow.
- 0:57:14 Dave Yeah. I'm... So I'm looking at this now, and this is just on, yeah. I gotta get more info because the liquid... Okay. So the... For Cardano, this is a lot. Right? So the volume on the day is 1,250,000. Market cap of…
Tether USDT growth on TON and how long chain hype lasts
- 1:01:12 Dave Big facts. Yo, cool. Speaking of tone, by the way, we saved this story for you. You... Tethr sees an explosion. They minted another almost almost 600,000,000 USDT to essentially meet the demand as for stable as to…
- 1:02:06 Kool Bro. Bro. Bro. Bro. I love this question, man. The hype always dies down, man. It always does. You know, this this is this is part of the reason why I haven't necessarily gone headfirst into into this ecosystem because…
- 1:04:33 Kool Yeah. Yeah. Moonriver. Oh, for sure. And and no joke. Mooriver... I mean, you are receiving sixty to eighty k for free for free all because you locked your daughter. So... But now, when was the last time you heard…
Proposed Polkadot Cardano bridge
- 1:04:53 Dave Wait. Wait. Wait. Cool. Cool. Before you finish that sentence, this just hits the wire this second, and I can't make this up. Polkadot Cardano Bridge development sparks community excitement. The Polkadot and Cardano…
- 1:10:53 Dave A thousand. Okay? Now that you have scope, a thousand stacks every ten fucking minutes, okay, are being earned by Bitcoin miners. Now ask me. Wait. Cool. Wait for the punch line. Now ask me how much does a Bitcoin…
- 1:14:58 Dave They can't. They're they're... Like, they can, but they have to have they have to go through the whole process of setting up a Bitcoin, knowing how to set up a proper Bitcoin node, and then installing the, the the…
Pump.fun token launch story, meme coin trading burnout and market cycles
- 1:19:33 Dave She would not be compliant if she did not hold us accountable. Okay. I'll give you guys the high level story. So we decided... Or not even we. Right? Like... So it became, like, this whole team effort. So I've never…
- 1:28:10 Bread Well, let's not forget, though, it's all cycles too. Right? I mean, like, it's the same thing happened with the NFT boom. You know, there was plenty of projects that I was devving on, you know, that it was like…
- 1:30:46 NatNat Yeah. So this this reminds me your experience while a little bit different because we... It's not creating coins. It's the crypto.com up down options. I mentioned this yesterday. It's back. So if you go into…
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