Dave welcomed listeners to the Wednesday episode with cohosts Kool and NatNat. Dave explained that Junie had the day off after playing simulated games with his eight year old nephew, and encouraged exposing kids to AI.
NatNat reported the FOMC held rates but signaled a possible September cut, which Kool had predicted two weeks earlier. NatNat explained the Federal Open Market Committee dictates interest rates to control inflation, and that lower rates should bring liquidity into Bitcoin. Kool noted risky assets perform well in low rate environments, and historically markets crash eleven to eighteen months after rate cuts. Kool and NatNat discussed small cuts of twenty five basis points from the current five point two five to five point five percent benchmark.
0:12:42The election timing
NatNat recapped earnings with Microsoft missing on cloud while AMD and Meta beat, and noted Amazon and Apple report next. Dave and NatNat reacted to Tether reporting five billion two hundred million in profit for the first half of twenty twenty four, with Kool saying governments favor stablecoins and more companies will launch their own.
Dave introduced STX City launching a pump.fun style bonding curve with Velar support on Stacks. Kool said the idea is good but needs the Nakamoto upgrade for faster transactions to thrive, and compared transaction speeds to Solana and other chains.
Kool recounted past degen experiences including turning ten dollars into ten thousand then zero, and selling SHIB too early missing millions which took a mental toll. Kool advised accepting losses on most pump.fun plays while one winner covers them, and said early adopters on Stacks could see big gains before the herd arrives.
0:55:34Bonding curve pillars, the liquidity pool question, and buying and selling in chunks
ALEX DAMSKER recalled Waves allowing anyone to mint tokens years ago including a friends dog coin, but noted it never found lasting utility. ALEX DAMSKER said businesses rather than individuals find real uses for tokens, and viewed pump.fun style launches mainly as a casino and culture tool rather than an onboarding mechanism.
“But right now, the federal... The Fed's benchmark rate right now is 5.25 to 5.5%, which is, guys, which is sitting at a twenty three year high.”
NatNat0:20:21Share on X
“5,200,000,000 in profit for Tether for USDT in the first six months of the year. Is that not crazy?”
Dave0:24:20Share on X
“So because you're forced to wait, in a way, it almost saves you from yourself, and people are almost forced to kinda hold their positions.”
“Businesses will find core necessity for making tokens. People don't find core necessity for making tokens.”
AALEX DAMSKER1:11:59Share on X
“I'm anti scammer. That's really what I am.”
AALEX DAMSKER1:24:59Share on X
Ask your AI about this show: Use ATC in Claude or ChatGPT
Show discussion, not financial advice.
