On the mic
Summary
Juni opened the episode with a lineup that included the CFTC chair's statement that Bitcoin and Ethereum are commodities, the US Senate looking at blockchain for national security, and record Bitcoin spot ETF inflows. NatNat raised the possible tax effects of the commodity label and pointed to the next day's CPI report, while Dave said the recent Bitcoin pullback was normal volatility after the halving, and Voice H gave a technical read and argued for dollar cost averaging. ALEX DAMSKER said that after the Loper decision, courts no longer defer to how agencies interpret the rules, and urged the crypto community to organize around both legislation and litigation. A long segment on buying a home with crypto had ALEX DAMSKER and Chris O covering like-kind value, taxes, settlement, and how blockchain could keep title records clean. At the end, Kool and ALEX DAMSKER criticized celebrity-endorsed meme coins like the water token and warned that meme coins are only for experienced users. All of this is discussion, not financial advice.
Chapters
CFTC chair cites an Illinois court ruling that Bitcoin and Ethereum are commoditiesMomentAt 0:09:14 on X
US Senate looks at blockchain for national security; Kool says it will run on a private chainMomentAt 0:16:42 on X
ALEX DAMSKER on crypto taxes, the Loper decision, and organizing for legislation and litigationMomentAt 0:52:21 on X
How blockchain could simplify real estate title, ZK proofs, and getting counties on boardMomentAt 1:19:22 on X
Key quotes
“It's a slow moving train. That's it.”
Kool0:15:54Share on X
“we're going to see massively violent moves to the upside and to the downside.”
Dave0:27:52Share on X
“There is a common misconception that within a bull market, assets only go up. That's not true.”
NatNat0:31:42Share on X
“This is actually a feature, not a bug.”
AALEX DAMSKER1:00:21Share on X
“If you don't know what a wallet is, you should not be in a Meme Coin.”
AALEX DAMSKER1:32:50Share on X
Excerpts
Juni opens the show and runs through the day's stories
- 0:04:47 Juni Hey. Hey. Hey, crypto fam. Welcome back to another electrifying episode of all things crypto. Before we dive into today's sizzling lineup, I need to see some love in the chat. If you're excited to be here, if you love…
- 0:07:53 Kool Hey. Hey. Hey. So I got I got I got some... Not... Got not it's not bad news, though, but I can't stay too long, man. I I got little little man over here. I'm I'm taking him to play some basketball, man, with some... I…
- 0:08:27 Dave chilling. Cool. I'm chilling, bro. Like, if you gotta play ball with your boy, you're good, man. Like, trust me. Like, if if that's the time you got, bro, go go do it. We
CFTC chair cites an Illinois court ruling that Bitcoin and Ethereum are commodities
- 0:09:14 Dave they're gonna kinda help shape real, like, the way in which maybe, like, we move forward. Right? Because I think some of them... Like, number one, I think the biggest story of the day is is gonna be this this Ethereum…
- 0:10:04 Kool Yeah. Yeah. Yeah. You you... I I I I love her her review on the macro, man, Dave. I mean, that's... She she she gave us an offer yesterday, man. She said she she basically, like, has that... The the financial…
- 0:11:05 Dave What? How long has been Shin Samurai? You've been sick. It's crazy. Right? I
Possible tax effects of the commodity label, and the upcoming CPI report
- 0:12:17 NatNat I think that's a... That's... That news is fantastic because throughout the trajectory of Bitcoin and Ethereum, there was always, you know, that voice in the back of everyone's head. Like, okay. Is this a fad? Is…
- 0:13:43 Dave Well, let me ask you a question. Are you are you trading... Are you... Like, are you heavy in the commodities markets? Are you trading commodities at all? Like, what would some of, like, I guess, maybe the, like, the…
- 0:14:22 NatNat Yeah. Correct. So then I bought a whole bunch of oil on the stock market, and so then they're taxed differently towards the end of the year. You would also... Yeah. So you would need, like, a CPA to see how much…
US Senate looks at blockchain for national security; Kool says it will run on a private chain
- 0:16:42 Dave So US senate suggests blockchain for national security applications. So the US senate now is exploring the use of blockchain tech for enhancing national security applications. So this is gonna be super interesting to…
- 0:17:51 Kool Dave Dave, don't get too excited, bro. Don't get too excited. We had a JPMorgan. JPMorgan, they have their own... They they they integrate, so, of course, you know, Jimmy Diamond CEO doesn't like to show, but they they…
- 0:18:26 Dave Damn, bro. Why you gotta shoot... Why you gotta be the bearer, Ben? Fuck. Really? Nat? You're not on my team on this? What what do you think?
Dave on a DMV test with the Tezos blockchain in California
- 0:19:02 Dave I mean, look. I don't know. Like, to me, I think it's... I don't know. Like, for me, like, the way I see it is this is a step in the right direction for us. You know what I'm saying? Like, it it has to be. Like, okay…
- 0:20:11 NatNat I had no idea, and I think that's super bullish, the fact that the DMV is doing that, and it gives us more transparency. I think that's huge.
- 0:20:49 Kool Hey, bro. I don't I I don't know about that, man. I I I I don't know. You know, DMV... I don't know. I I I can't really speak too much on this, though, but DMV is pretty hated, man. I I I I need to go there. My license…
Bitcoin spot ETF inflows and buying the dip
- 0:21:46 Dave That's true. We're not gonna stress she samurai. We're not gonna stress she samurai. We're gonna... We're gonna let her chill for a little bit. Alright. What else do we got on top? Bitcoin spot ETFs Record record…
- 0:23:33 Dave MJ? I mean, Cool, you gotta take? Or should we just count you out? I feel like Cool's distracting me being up here while he's playing basketball. I almost wanna kick I almost wanna kick Cool down at this point. Cool…
- 0:24:22 Dave Let's go, bro. Love it. Love it. Love it. We were talking about Bitcoin inflows. 216,000,000. People buying the dips over here. How are you feeling right now given where we're at?
German government sales, Justin Sun's OTC offer, and Mt. Gox distributions
- 0:24:47 Dave It was. It was. But, ultimately... Was that my dog that just barked for the first time, like, ever? Yeah. It was Germany. But did you guys see that Justin Sun actually put out a tweet a little bit ago that said, like…
- 0:25:27 Bread I I mean, if people... If if you have to sell, you have to sell. Right? I mean, there's definitely a lot of people that are sitting in profit. Right? I mean, not that I'm saying I don't think, like... I mean, at this…
- 0:26:28 Dave I like it. I like it. Throw a couple of bucks in there. Nat Nat, how are we feeling with the the Bitcoin ETF inflows and and kind of where we're at?
Dave's view on volatility after the halving
- 0:27:52 Dave Interesting. Here's my take on this whole freaking thing. Right? When I really look at this, to me, this is nothing more than what we've been saying this whole time, which is we're going to see massively violent moves…
- 0:31:42 NatNat No. I was just going to continue what you were saying as well. There is a common misconception that within a bull market, assets only go up. That's not true. I feel like that's probably why you're hearing by market by…
- 0:32:13 Dave Yeah. And, guys, I gotta go to Junie's tryout real quick. So I'm just gonna go on mute. Nat, I'm gonna let Crypto Crypto details give his take on this, and then I will literally be back in three minutes. So if you guys…
Voice H's technical analysis, order blocks, and dollar cost averaging
- 0:35:59 NatNat Okay. You're back. No. You rugged a little bit. Can you hear me now?
- 0:37:22 NatNat Wow. Thank you so much for that for that take, and I completely agree. I mean, if we look at the long term trajectory, even if it hits for, like, forty eight thousand or forty three thousand, it's still up drastically…
- 0:38:15 NatNat The other thing too that we... I wanted to touch on real quick, tomorrow is... Like I mentioned briefly earlier, tomorrow is the CPI. So I'm curious to see how the markets... How could the crypto market will react to…
Voice E on keeping Telegram and Twitter accounts secure
- 0:46:17 NatNat Thank you, Shisamurai. And I believe we have Dave back. Dave, you... Can you hear us?
- 0:49:39 ALEX DAMSKER Yeah. Don't give me shit, man. I just ping people for you. Fuck you.
- 0:50:55 Dave You're turning over a new leaf. Look at this now. You see, guys? Look at this. Like, the the PR agency of David Nat Nat. Look at what's been going on after a week. See? You see? The changes that are being made. Yes. Oh…
ALEX DAMSKER on crypto taxes, the Loper decision, and organizing for legislation and litigation
- 0:52:21 ALEX DAMSKER I mean... So first of all, it'll be nice that people pay taxes on these things because we know a lot of people in this space are not even paying taxes on this.
- 0:58:54 Dave How much of a window do we have, Alex? How much of a window do we how much of a window do we have?
- 1:00:21 ALEX DAMSKER It doesn't... Yeah. It doesn't... Any of these agencies, it doesn't matter, honestly. There... None of them are suitable for crypto. And the thing is that more assets as time goes on are going to be more like crypto…
Buying a home with crypto: like-kind value, good funds, and capital gains
- 1:03:51 ALEX DAMSKER So, fit 21 isn't a Colorado law. Right? So fit 21 is is actually something that is a US law that is trying to be passed on a federal level. There's a separate set of Colorado laws, that have been passed relating to…
- 1:07:46 Dave Is it limited to certain assets? Is it BTC, ETH, or is it limited to just,
- 1:13:20 Dave I I appreciate the insight, Chris. Thank you. You know, this reminds me of, and and I know this this might sound funny to some people, but maybe you guys can kinda chime in on this. This reminds me of a story that I…
How blockchain could simplify real estate title, ZK proofs, and getting counties on board
- 1:19:22 Dave Yeah. So check this out. So I I didn't wanna confuse anybody. It was more of like a like a feel good kinda story. But maybe while we're on this topic, if you guys can help educate us on... Like, in a real estate…
- 1:26:20 Dave Well well... Yeah. Cool. I I got you. We'll we'll definitely get to the meme token in a second. But... Yeah. Alex, Chris, I appreciate the insight. Chris, shout out to the team over at Prop. I I know Natalia as well…
- 1:28:21 Kool No. No. No. So you guys, we're talking about going so serious, man. I love that. So I would love for you guys to come back. We we could have a... An hour and a half space about about this because I think a lot of…
Kool and ALEX DAMSKER on the celebrity-endorsed water token and meme coin risk
- 1:30:58 Kool So I I do have this little bit. We'll do the end of this, man. So if you guys didn't know, the World Token is the meme coin probably endorsed by or launched by Ron Deanho, which is a retired Brazilian soccer player…
- 1:39:57 Dave I mean... Well, yeah. Yeah. Of course, it was me, genius idea.
- 1:43:23 Dave Yeah. Appreciate that, LJ. Thank you. Let's just pick Daisy Junie back again. You left. You came back. You left. You came back. Like, what is the story over here? Like, what is going on, like, with this Junie? I guess…
Short excerpts from the auto-generated transcript. Listen on X for the full show.