Dave opened the show frustrated as co-hosts Kool, Landy and MetaBeast joined late. MetaBeast explained he was building a first-of-its-kind Easter egg hunt questing system in Decentraland that connects multiple landowners plots. The group also discussed OpenAI image generation refusals on certain prompts and why this pushes the case for decentralized AI.
0:05:33Yuga Labs hints, TGE speculation, and Bored Apes
Landy reported Bitcoin facing resistance with mostly green coins and noted 12,000,000,000 in Bitcoin options expiry tomorrow plus tariff talk. A speaker explained the PCE index as a measure of inflation where lower than expected numbers could signal cooling and potential Fed rate cuts that support crypto. Landy added that PCE reflects Main Street spending power and said GDP came in slightly better than forecast.
Dave covered Tether acquiring a stake in Italian media company BeeWater for around 10,000,000 dollars. Kool said Tether is expanding its global footprint as the seventh largest US treasury holder while Landy suggested they may be correcting books ahead of an audit. Viper joined to discuss Canadian politics ahead of the April 28 election, high household debt, and pro-crypto sentiment around Pierre Poilievre.
0:27:13Coinbase warning that Canada risks losing global edge without crypto reform
0:30:27Economy
Sunny D noted Justin Sun appearing on the Forbes cover which sparked talk of the Forbes curse from Kool and others. Trav asked about GameStop moving into Bitcoin.
Landy clarified differences between the Genius Act and Stablecoin Act and debunked claims that the Genius Act attacks DeFi or eliminates native stablecoin yield. He explained native yield would still come from minting or participating in staking, liquidity pools, or lending. Kool highlighted Wyoming launching its own state stablecoin on LayerZero, Solana and other chains while a speaker reported on Kentucky passing a Bitcoin rights bill for self-custody, nodes and mining.
A speaker argued that CBDCs already exist as credit cards and bank accounts for forty years and urged the crypto community to stop fearing them as a replacement for Bitcoin. Landy responded that while many controls already exist, CBDCs could make cross-border blacklisting and targeted guardrails easier which runs against crypto ethos.
“Cool does fucking headlines right after this. Headlines. And these motherfuckers, they couldn't cover me for one... Two stories?”
Dave0:04:28Share on X
“Guys, if this is not all the reason why we tell you decentralized artificial intelligence, you don't deal with this bullshit anymore.”
“I think they're correcting their books because they need to do an audit. And they're like, shit. We need assets. We... All we've been doing is we've been we've been rehypothecating the shit out of this stuff on the back end.”
Landy0:25:45Share on X
“The Genius Act, in the in the, you know, initial kinda drafting of that bill, it's... It is it is essentially put in provisions to eliminate native stablecoin yield. And this is a inherent misunderstanding of what native stablecoin yield means.”
“Niagara Falls is just an incredible resource. Like, we could have the biggest Bitcoin miner in the world. It's just waterfalling over a rock.”
VVIPERɳϝƚ1:31:41Share on X
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