On the mic
Summary
Dave, Kool and NatNat open with market sentiment and agree that many people still do not trust the current rally, ahead of the Bitcoin conference the following week. Dave introduces the launch of USDH, the Bitcoin-backed synthetic dollar from Hermetica on Runes, and explains how it works and what staking yields it offers. The group then guesses what a Coinbase cat teaser and mint could mean, with Popcat and Toshi as the leading guesses, and Dave explains how market makers earn the spread. Stripe's rollout of crypto payments across the EU leads into a long talk about adoption, institutions moving slowly, and the idea that smart money buys during quiet markets. The show closes with Elon Musk's reported $45M per month pledge, Kool's advice to keep buying the projects you believe in, and Dave's case for using a strict due diligence checklist. All of this is discussion, not financial advice.
Chapters
Key quotes
“I love that. I love that they don't trust it because that makes me feel even that much more confident in me trusting it.”
Dave0:05:45Share on X
“kinda goes to my saying all the time, which is, you know, master your blockchain.”
Kool0:26:12Share on X
“I feel like this is the gateway to mass adoption. We're seeing it live.”
NatNat0:55:19Share on X
“They say that, like, 99% of crypto doesn't succeed. Right? But, like, the ones that do, those are gonna be, like, the monoliths that our kids and grandkids, like, hear about.”
TTheJohnCarter1:03:26Share on X
“Just because the token is in the top 10 or 15 or 20 in terms of market cap, what does that mean?”
Excerpts
Show opening and banter about Metavision and Zima
- 0:03:23 Dave Bro, the nineties babies or rather eighties babies in here. Y'all know what that bad boy joint is. What's up, everybody? Welcome to another episode of Alti Crypto. Me, Dave, cool crypto, Nat Nat. Hopefully, she's…
- 0:04:11 Kool Hey. What's up, guys? How are guys doing? Welcome to another day on the show. Yeah. We're good. We're good. Just nothing nothing nothing too exciting. I think people are still trying to wrestle with the fact that we're…
Market sentiment: people still do not trust the rally
- 0:04:11 Kool Hey. What's up, guys? How are guys doing? Welcome to another day on the show. Yeah. We're good. We're good. Just nothing nothing nothing too exciting. I think people are still trying to wrestle with the fact that we're…
- 0:07:11 NatNat What? Mind is blown. How did you come to this conclusion? Hold on. Hold on.
- 0:09:35 Dave But cool. This is a daily news show. How how am I supposed to... What do I do? Just post the space?
A pump.fund-style platform being built on Stacks ahead of the Nakamoto upgrade
- 0:10:56 Dave Yes. So check this out. So I was talking to Cool yesterday. Right? And I was telling him that there's somebody on stacks. Right? So it's not... Pump.fund is not coming to stacks, but somebody is building a pump dot…
- 0:11:39 NatNat Oh, man. I think Stacks is about to go crazy. I've already been comparing certain movements, like, wise between stacks and Solana. Now imagine we get the volume to match. Oh, man. I think we're we're gonna be in for a…
- 0:13:24 Dave Okay. Now let me tell everybody here now exactly what... You wanna know something? I didn't have a Junie monologue ready for the opening, but I wanna see something real quick. You ready for this? Let's see. Let's see…
Dave asks Junie to make the case for $300,000 Bitcoin
- 0:15:01 Dave Junie, what are you living in? 1954? I need you to, like, really search the web right now and understand that today is, I don't even know, July, sixteenth, seventeenth of twenty twenty four. The halving has happened in…
- 0:17:22 Dave Okay. That's more like it. I feel like you actually made the case on that one, really well. Yeah. I guess I should apologize because, like like, if if you don't give me the output that I want, I guess I must have given…
- 0:18:10 Dave No. I just wanna welcome everybody to the to the to the chat. I wanna thank Cool for the massive clickbait title. Shout out Rico, Charles. Mister Charles is in the house. Hanalo's here. Johnny's here. Digital Sac is…
Pepe up about 30% and talk of the VanEck index
- 0:20:05 Dave Juni, I feel like you're you're a little off right now, Juni. So I'm gonna give you a little bit of a rest, and we're gonna come back to you. But in regards to meme tokens, well, Bitcoin, I think you made the case…
- 0:21:09 Kool Yes. Yes. Yes. VANEX. So Pepe is one of those tokens that'll be on that list. So I... I'm not surprised, man. I mean, mean, I'm... These things already already... They've they've ingrained... Engraved with the... With…
- 0:22:00 Dave Damn. Nat Nat, Pepe up 30%. We gotta get the Pepe crowd in here. I'm gonna update this title. Cool. Pepe pumps, future 7000%. Nat Nat talked to me about... Are you... You own Pepe, Nat Nat?
XRP and XLM moves, plus earning crypto rewards with the Coinbase card
- 0:22:50 Dave Well, let me ask you guys this. Because XRP, we reported on the news, if you remember. Right? The Chicago Mercantile Exchange with XRP, and, what's it called? An ICP. Right? Going into the... Like, creating indices so…
- 0:25:15 NatNat No. So I I don't get any crypto rewards. However, I I have a position in XLM. Whenever I see crypto... A crypto project that's solid, that has been doing some very fundamental things, but the price hasn't really moved…
- 0:25:51 Dave Interesting. We should be getting a request any second now from Johnny Boy. Cool. Are you doing anything on the XLM side, Cardano side, Algorand side? We very rarely talk about these, and I I, like, I feel like we we…
Mastering one blockchain, Cardano and the Nike meme coin
- 0:26:12 Kool Yeah. So I I did have a bag a while ago, man, of both of them, excellent and and XRP, but I do... Not not that much. I guess, sold that stuff years years ago, man. I think the re... The reason why, you know, us... I…
- 0:29:00 TheJohnCarter I heard you guys talking about me, so I had to show up. Yeah. How's everybody doing?
- 0:29:53 Dave Johnny, know the rules, bro. If you're gonna shill, you gotta at least ask us for our wallet addresses. Alright? So me, cool, and that and that are gonna send you our Cardano addresses immediately. And... Yeah. You know?
Hermetica launches USDH, a Bitcoin-backed synthetic dollar on Runes
- 0:30:20 Dave Jeez. Good shit, bro. I appreciate you, man. Thanks for coming up, Johnny. Alright. Let's talk about the first thing up on the docket. What I tweeted out, which is... Actually, really, before we get into that... I'm…
- 0:35:39 NatNat Now just real quick, I was going to say it's huge on both sides because even now, Robinhood is offering 5.5% on your cash. So, like, if you have cash on Robinhood, you're allowed to earn 5.5. So if we're looking at…
- 0:36:36 TheJohnCarter Yeah, man. I was gonna say, dude, I've heard of something like this before. It was UST. Oh, fuck.
The Coinbase cat teaser and guesses about a listing
- 0:39:14 NatNat Before we move on to the next topic, Dave, did you guys catch Coinbase's post today? Like, they posted a cat... A GIF of a cat, and then they said to tune in tomorrow. Do we have any idea what that could be?
- 0:40:37 Dave Nat, can you pin that to the top if you don't mind? That's really interesting. I actually didn't even see that.
- 0:40:59 Kool Oh, no. No. No. No. No. No. That's totally different. That's that's on BNB. No. No. No. PopCat's on Solana, but there's one more also. I just don't remember the name of it. I I... I'll check. Let me check with that. I…
How market makers earn the spread and why exchanges want volume
- 0:43:10 Dave You're you're... I think you're right on the PopCap one because at the end of the day, the market cap, I don't wanna say it's irrelevant, but that is a secondary or a lagging indicator because as a market maker, if…
- 0:49:55 Dave I'm not even gonna give them the extra time... The airtime here. But... Yeah. Did... Cool. Nat, did that make sense, like, to all you guys? Like, Nat, in regards to, like, minting or anything, this is a token that…
- 0:51:34 Dave Yeah. Look what it says underneath, Nat. It says come back on 07/1724. Like, there's 83 thou... Almost 84,000 mints with 6,116 owners.
Stripe brings crypto payments to the EU
- 0:53:50 Dave Yeah, man. I pinned it up to the top. So if anybody here wants to go mint it, go mint it now. I'm definitely minting this thing too. That's not even a question. Come back $7.17? Okay, Coinbase. No problem. I will…
- 0:56:23 Kool So Yeah. Yeah. But it's... It... It's more international. Right? Am I right?
- 1:03:00 Dave 100% I'm with you, bro. I'm with you a 100000%. I'd much rather spend bank or SHIB or DOGE or any of that shit, especially if I don't wanna spend $40 at the ATM.
Big money buying during market fear and slow institutional moves
- 1:07:24 Kool Oh, no. No. Of course. Because I I I I I studied this stuff. It took took me a couple years, man, just to to go through... You know, I I think... I I I said this before the time, how when you... Okay. I had... I ran my…
- 1:10:29 Kool the big money way... They were buying they were buying a a crypto when we we we were absolutely dead, But retail sold everything. They sold everything. They were doing crypto. They left. They actually left crypto. But…
- 1:12:19 Kool That house dumped you $400. It took almost twenty years for for for a house to break even. This is exactly the same game they play play in the crypto market. So that's that's why I said that about how spending time to…
Elon Musk's $45M per month pledge and what to do at this point in the market
- 1:13:34 Dave So let me ask you this question. Cool. And then we'll get into the last, like, the last story about Elon Musk literally pledging $45,000,000 a month up until election time in order to get Donald Trump reelected. But…
- 1:14:44 Kool So so we we know this this crypto market has different different types of investors, different amounts of wealth, different types of liquidity. Everyone is different. Everyone wants everyone wants different things…
- 1:16:48 Kool Music. Yeah. Neuralink and and and even Twitter. There'd be investigation into that too. So it's it's very fascinating, man. So the the reason why, he's doing this mainly is because he has seen the right wing in the…
Using a due diligence checklist and looking past your comfort zone
- 1:20:13 Dave Good shit, bro. Really good stuff. Although I might not be with you on the ape coin, but I got the I got the reference. For sure. You gotta look for the stuff that's literally been decimated. Right? Like, if everybody…
- 1:30:28 Dave Alright, guys. Hold on. I'm just queuing Junie up for a second. Cool. Give me sixty more seconds.
- 1:32:56 Dave No, bro. For real? Oh my god. Fuck. What... Where did it... I'm still gonna give it a shot. I... Like, I'm never gonna... I'm gonna DM them. I'm a be like, guys, listen. This is what happened.
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Topics and tickers
AIAirdrops / TGEsBTCBinanceCoinbaseCommoditiesDeFiETFsETHElon MuskEquitiesGeopoliticsGuests / AMAsHacks / exploitsHederaMacroMagic EdenMemecoinsNFTsRegulationRobinhoodSOLStablecoinsTrump
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Show discussion, not financial advice.