All Things Crypto: Fannie & Freddie Meet Crypto

# All Things Crypto: Fannie & Freddie Meet Crypto | 2025-06-25 | https://x.com/i/spaces/1BdxYqQVOXgxX | status: approved
# Speaker attributions verified via X captions, ECAPA voiceprints, and on-air handoffs where marked confirmed.

[0:00:25] Dave @DCBK2LA: What up? What up? What up, everybody? Chew some tunes on. We're gonna get this thing cooking. Give me a sec.
[0:00:37] Dave @DCBK2LA: No credits. What up, baby? What up, prince? Milo?
[0:00:58] Dave @DCBK2LA: Wait until the... You hear the news I got for you guys today, boy.
[0:01:09] Dave @DCBK2LA: What up, my man? What up, Red? Hey, g. What's good?
[0:01:45] Dave @DCBK2LA: Cool. ATC is about to level up big time. Big time.
[0:02:35] Dave @DCBK2LA: We need everybody in here, though, guys. Like, share, reach, reach us out. I need I need everybody in here. Let's go.
[0:03:37] Dave @DCBK2LA: You know I'm getting a shit right now. Vince, go. What up?
[0:03:46] Dave @DCBK2LA: This must've must've been what you felt like when you got a million dollars employment. Like, what?
[0:03:56] Dave @DCBK2LA: Thomas, what's good? Bob, Joshi's in the house.
[0:04:29] Dave @DCBK2LA: Okay. What's up, my fellow degenerates? Welcome to the hump day version of ATC. Happy Wednesday. I hope everybody is good. You guys know me. I have the biggest mouth out here. So... And I also have the least amount of patience for literally anything. But especially when it comes to good news, I mean, let's... Guys, it was real. It was very, very real. Robinhood CEO, Vlad Tenev, is going to be on all things crypto either tomorrow or Friday, and then we will have their VP on next week promoting their livestream. CEO of Robinhood is gonna be here on ATC with us idiots. I don't wanna hear it. This is the best damn space with the best damn crew and the best damn fucking listeners across crypto Twitter. Bro, you might
[0:05:40] Kool @koolcryptovc: you might you might have to make it a gated space, Beggar. You don't want people coming in asking the the CEO of Robin Hood when when air drop, when talking.
[0:05:50] MetaBeast @AKCMetaBeast: What are trying
[0:05:51] Landy @CryptoLandy: to say, Tripta?
[0:05:52] Dave @DCBK2LA: Nicole.
[0:05:52] Landy @CryptoLandy: Is your lightsaber, Vlad.
[0:05:54] MetaBeast @AKCMetaBeast: What are you trying to say, Landy?
[0:05:57] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Go ahead. Ask me not to come now.
[0:06:03] Dave @DCBK2LA: What do you mean? You're the star of the show.
[0:06:04] MetaBeast @AKCMetaBeast: She never said that.
[0:06:08] Kkoma @itskkoma: He might fall in love with Empress at the end of the show. So just just saying, Dave, you have competition now. He has a
[0:06:14] Kool @koolcryptovc: lot more money than all of us combined.
[0:06:17] Dave @DCBK2LA: A fact.
[0:06:20] Landy @CryptoLandy: Oh, man. Shots fired. Me and me and Vlad are gonna have a wallet a wallet battle, see who's got more in their wallets.
[0:06:30] Bread @_ToastMalone: You think she'll rip potato a lot?... More.
[0:06:33] Landy @CryptoLandy: I think he's got
[0:06:33] Kool @koolcryptovc: a lot.
[0:06:34] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Okay. Then I'm definitely actually just gonna leave if that happens. If the wallet measure, he has those up.
[0:06:42] Landy @CryptoLandy: And, like, Vlad, remember when I kicked into the series b? You remember me? No. I'm not gonna say that to him.
[0:06:48] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Ew. That... Make that the last. Ew.
[0:06:52] Kool @koolcryptovc: But, hey, Dave. Do I do have a question. Like, I... I'm a little bit confused though. Like, they they are other shows out there, but this is insane. Like, that makes no sense, bro. Like, I don't I don't I don't get it. Like, why do they think it's
[0:07:06] Kkoma @itskkoma: It makes perfect sense, cool.
[0:07:08] Dave @DCBK2LA: Mean, how awesome we are. No. No. No. We we
[0:07:10] Kool @koolcryptovc: have fun here. We... We'll be doing this stuff over a year. Right? But what I'm saying is why it is easy. I I I don't know. I mean, who who who is listening to us Or they... I don't know, bro. I'm just I just... I I don't get it. Alright?
[0:07:23] Dave @DCBK2LA: Bro, listen to me. I I... What I've learned in my lifetime, right, is there's certain times where you have to ask yourself, and believe you me, I'm the first one the first one to be critical of, but wait a minute. There's everything else. What I've come to realize is a lot of these teams don't really... Like, they're they're listening, but at the end of the day, I, like, I wanna give the benefit of that because maybe this is genuinely what I want to hear. But what I'm getting the backup from is listen... Just listen. Right? Because I sent the I sent the message out, said, GM GM Robin Hood team first, thanks for the flowers and the content. Labor of love, best damn job in the world, much appreciated. I didn't go through a whole thing of, like, look. Here's what I do. Here's what me and my team can do. And she writes back today saying, hey, Dave. It's great to hear from you. The crypto team is live streaming an event next week where we'll be sharing some Robinhood crypto announcements, and we'd love to get the word out to new and highly engaged audiences like you fostered. We were wondering if you'd be interested in having our CEO Vlad and our crypto general manager, Johan, on on your very impressive x spaces. Ideally, they'd share an overview of Robinhood crypto, what's coming next, plus whatever else you'd recommend and like to discuss. Would you be interested in having us on sometime this week or after the event next week? Hope to hear back. Thanks for connecting. That to me is as legit an email as I can... Like, that is not scammy email. That that... None of that screams scam email to me. And it's just like, look. Of course, I want them on. This is not the time where it's like, hey. Proposal this, that, whatever. This is, like, this is serious to me, and it's like, this could easily be, the PR division. Right? Like, I don't know. But, because, like, the PR companies never really know, like, what's what. Right? So to me, I'm taking it. Like, if this materializes, which I'm hoping that it does, bro, that really puts us, like, stratosphere shit, man. Really, really does. No. It's it's it's it's, you know, it's
[0:09:14] Kool @koolcryptovc: just like you're you're trying to build up your resume right now, man. That's all it is. You know? Like like, bro, you... We we hosted a the dude I was I was going against a little bit more last year, John Deaton. John Deaton was was... Votes away from being a... The senator for freaking... For for for a state in The US, man. We had him on the show months ago. So, I mean, bro, like I said, I told you before, this is just the beginning, bro. So so, yeah, man.
[0:09:42] Dave @DCBK2LA: I'm I'm excited. Let's let's go. Let's go, man. Yeah. For real. And and this is... Just FYI, this is collective effort. This is not me. This is us. Like, this is... Like, we've built this. Right? You get what I'm saying? Like, every person that's come up here to speak, you guys literally take the time out of your day. Like, we all do this shit, like, together every day. Like I said to her, I'm like, this shit's a labor of love. You know what I mean? Like, it is taxing, but damn, like, we... We're here. We show up because, like, as a unit, we actually genuinely enjoy doing this shit together. Yeah. Landy, go for it, bro.
[0:10:16] Landy @CryptoLandy: So I am going to be a suited up pop when that does occur.
[0:10:20] Kool @koolcryptovc: Don't you dare.
[0:10:21] Dave @DCBK2LA: Don't you... If anybody changes the way that they...... Messing. Oh, I'm so old.
[0:10:28] Landy @CryptoLandy: See, here's the... This is this is really good news, and and I'm extremely happy for you, bro, because it's obvious that they read the elite space host part and we're like, you know what? We know who we gotta go with. And I just hope that they don't show up and it's like Joe from Brooklyn LARPing his blood. That's that's my only concern. You it's like...
[0:10:56] Landy @CryptoLandy: Imagine. Dude,
[0:10:57] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I will love it. We will still go viral.
[0:11:00] Landy @CryptoLandy: Oh, yeah. For sure.
[0:11:01] Bread @_ToastMalone: Is it is it video, Dave, or is it just gonna be an audio space?
[0:11:04] Dave @DCBK2LA: No. So it's gonna be... So, essentially, what we're doing is we're gonna... Like, I mean, they want a regular x space, but, like, this is the conversation starter. Right? Like, you know how I mean, like, you open the door a little bit, like, I'm gonna kick that door wide open and be like, we should do this, this, this, this, this. Like, I'm already talking with the WagMe Hub team about, like, you know, doing a whole series with them. So... Yeah. I mean... Yeah. We're we're... But this is... Like, for ATC wise, Yeah. Yo. Landy, know what I just thought of? Imagine if, like, Vlad Tendafly, New Jersey shows up. You know what I mean? And you're like, wait. Who's this? Like, what the... Like, bro, you are not...
[0:11:40] Bread @_ToastMalone: I'm gonna ping Roaring Kitty in the chat the entire time.
[0:11:44] Landy @CryptoLandy: Oh my god. Yo. Just thinking like, hey, Vlad. Remember when we set
[0:11:51] Landy @CryptoLandy: up that deal to to sell order flow to set
[0:11:53] Landy @CryptoLandy: it off? Remember that deal? Man, those are good days, weren't they?
[0:11:59] Dave @DCBK2LA: Hey. Refrain from that shit right now. You better take it easier.
[0:12:01] Landy @CryptoLandy: Yeah. No. No.
[0:12:02] Dave @DCBK2LA: No. No. Order for... Yeah. Limit the on now.
[0:12:05] Bread @_ToastMalone: Only kidding. I am
[0:12:07] Landy @CryptoLandy: We're just joking. We're not gonna duke it.
[0:12:10] Kool @koolcryptovc: Hey, dude. I do I do have a question. What... Where is where is... What did I do, man? You know, I I forgot his name, man. He he had a very deep voice coming to our show. I mean, he he just stopped coming. I don't know. I'm just curious. Like, I'm a... I forgot his name, man. Who? He he was your bro, man. He's come to our show. Right? You know, every... Like, it's been a while. He's just he's just Spanish, man. I mean, I don't know. I forgot his name. You want
[0:12:35] Dave @DCBK2LA: me to... Like, is it somebody... Like, was he a good contributor, or are you talking about why are making sure that we blacklist them?
[0:12:39] Kool @koolcryptovc: A bit. I think he he tight holes his own shoulder, then he kinda vanished. I don't... Yeah. It it was your bro. I mean, I I remember his name. I can't remember his name, but he has a deep voice. He used to play games sometimes while while we're in spaces, I think.
[0:12:53] Kool @koolcryptovc: I don't I don't
[0:12:55] Dave @DCBK2LA: remember, bro. My god. I got a terrible memory. Just lost Yeah.
[0:12:58] Kool @koolcryptovc: I know. He's comes out of shore every every day, man, for months and months and months. He's just vanished, bro. I I just, you know, wondering where he went. I I remember his name. I don't really know.
[0:13:06] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Landy had a black bag in a van.
[0:13:11] Landy @CryptoLandy: Yeah. Yeah.
[0:13:14] Landy @CryptoLandy: He said I put a black bag over his head and threw him in the van. He was out front of the he was out front of the Portland Courthouse just... He was peacefully protesting. I threw him in the back of a van and drove him off.
[0:13:27] Dave @DCBK2LA: Guys, not helping the cause. Not helping the cause.
[0:13:32] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: It is. It says pro government. We're good. We're good.
[0:13:37] Dave @DCBK2LA: Yo. If Empress and Vlad get into it, that will be content gold. Empress, I just wanna... I wanna make one thing extremely clear. If you change one single thing about anything about the way you talk... Anything takes differently, that's gonna be the reason why I kick you off the stage. The only reason why I kick you off the stage.
[0:13:58] Landy @CryptoLandy: Can I ask him about, like, hey? So... You are not named for
[0:14:03] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Emperor's... I'm going full sex voice, guys, the whole time.
[0:14:06] Dave @DCBK2LA: Emperor's gonna shoot your shot.
[0:14:08] Kkoma @itskkoma: It's gonna
[0:14:08] Bread @_ToastMalone: turn into a shoot your shot with Vlad's face....
[0:14:10] Landy @CryptoLandy: Gonna post her feet picks up top.
[0:14:13] Kkoma @itskkoma: I I live in the right side of Portland Portland is the left. I don't know. One way or the other.
[0:14:20] Dave @DCBK2LA: Hey. You haven't been to Portland? Or
[0:14:23] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: did Was that your sex place? Washington. Terrified.
[0:14:27] Bread @_ToastMalone: Yeah. What the fuck?
[0:14:29] Landy @CryptoLandy: Yo. I... So look. It... It's gonna be Vlad and who else did you say?
[0:14:35] Dave @DCBK2LA: Putin. So it's gonna be so it's gonna be two separate... It's gonna... Easy. So it's gonna be two say. I'm pretty sure that's... It's gonna be two separate people but on two separate occasions. So they're promoting a live... A big livestream that they're doing next week. So we're we're probably gonna coordinate Vlad coming tomorrow or Friday, and then Johan coming probably, like, next week. So... Yeah. But...
[0:15:00] Landy @CryptoLandy: He's the head... What is he the head of?
[0:15:04] Dave @DCBK2LA: He is... Hold on. I'll tell you. Let me open up the email one more time.
[0:15:09] Landy @CryptoLandy: He... Because everybody knows Vlad, but but they're probably not familiar with the other gentleman.
[0:15:15] Dave @DCBK2LA: Yeah. Agreed. I mean, Vlad sells tickets at the end of the day. You know what I'm saying? Yeah. Crypto general manager, Johan.
[0:15:23] Landy @CryptoLandy: Oh, okay. I know who that is. Yes. Okay. Very cool.
[0:15:26] Dave @DCBK2LA: Yeah. I did the... Yeah. I did the LinkedIn homework already. Trust me. Like, I'm I'm still I'm still in vet mode. You know what I'm saying? But I was just, you know, so close to ATC time. I was like, fuck it. I'm not gonna keep my mouth shut. I mean,
[0:15:36] Kool @koolcryptovc: because I
[0:15:37] Landy @CryptoLandy: can't you meant you were shopping for a Corvette. So I I got confused. I'm sorry.
[0:15:45] Dave @DCBK2LA: I rock z t tops, bro. Get it right.
[0:15:49] Bread @_ToastMalone: Firebird, bro. For real?
[0:15:52] Dave @DCBK2LA: Yeah. It's great.
[0:15:53] Landy @CryptoLandy: Up just being a Transam.
[0:15:58] Dave @DCBK2LA: A Ford Mustang convertible. Yeah. Imagine? Oh my god. Not that there's anything wrong with Ford Mustang convertibles. I'm just saying. I'm just saying.
[0:16:08] Landy @CryptoLandy: I'm gonna post the picture that that you might have missed in the chat then down below, for you. I found I found a picture of you. I was anticipating something good, happening today, so I posted a picture of you and, you in the near future. So give me a minute, and I'll post it up.
[0:16:26] Dave @DCBK2LA: See, this is what everybody gets. Guys, this is this is what you get literally for telling everybody, yo. Feel free. You could be yourself. See, look. Now you're making cool drop, bro. Look at this. Now I gotta send my cohost invite again.
[0:16:38] Landy @CryptoLandy: Oh, no. Cole, come back. We need you. We need Bane. We definitely need Bane with the picture that I'm about to post.
[0:16:45] Dave @DCBK2LA: Oh my goodness. Seriously.
[0:16:51] Dave @DCBK2LA: Alright. Here he is.
[0:16:51] Kkoma @itskkoma: Does this mean I gotta download the Coinbase or or what is it? Robinhood app?
[0:16:56] Dave @DCBK2LA: I mean, it's good to know the name first of the actual, you know, guests that we're bringing on. That would... That's that's a start, Sunnyvee. You know what I mean? But, you know, if you want, you know, I'm not trying to make anybody do something they don't wanna do. You know?
[0:17:08] Kkoma @itskkoma: Brian? Is that you? Brian?
[0:17:10] Landy @CryptoLandy: Yeah. I was just gonna say... He said it to you on mute. So how you doing, mister Armstrong?
[0:17:16] Dave @DCBK2LA: Yo. Hey.
[0:17:17] Landy @CryptoLandy: I really like your bald head.
[0:17:20] Dave @DCBK2LA: Oh god.
[0:17:25] Dave @DCBK2LA: You guys are fucking special. I swear to god. You're so, so special. Yep. This is the crew that... This is it. You guys shoot with with... When you get the choice of,
[0:17:35] Landy @CryptoLandy: oh my god. I'm dying
[0:17:36] Dave @DCBK2LA: with this is it. This is... Yep. That's it. Ready or mugs?
[0:17:41] Kkoma @itskkoma: We're we're the misfits of of crypto spaces. Yeah.
[0:17:46] Dave @DCBK2LA: Yeah. I actually did call us a band of misfits, I think, in one of my in one of my emails to, like, somebody, but I feel like that shit works, man. You know what I mean? Okay. Let's... What do you say we actually get in? Ken, I love you, bro. I love you. I love you. Let me get through the news. I I I do. Justice, what's up? We we can say what's up to everybody in a in a minute, but I think this Fannie Freddie news is is pretty epic. It's... This is big, big, big, big, big news. Obviously, not bigger than our news, but whatever. Okay. What happened? What happened with Fannie? Wait. Do we wanna jump into it, or do we wanna revel in this for a little bit more? Like, what do we wanna do? Like, I don't know. I'm like, I'm
[0:18:27] Bread @_ToastMalone: good with you. Right. Right. What... What's happening?
[0:18:29] Kkoma @itskkoma: I have one more question. Are are you gonna invite Mara or... Sorry. Is that his name? The the the the RWA trucking guy as a speaker?
[0:18:37] Dave @DCBK2LA: No. That's what that's what I thought Kool was talking about. I'm like, if you think for a second that Mara is gonna get an invite up on this stage, you're out of your fucking mind.
[0:18:44] Kool @koolcryptovc: No. No. Not Mara. Doesn't he love Robin? It's not not him. Not him. Not him. He had a deep voice, man. A deep voice. It it was your whole... I can't remember his name, man. This is when I think Nat Nat was through here. He should come... I I think it was it was digging to XRP, I think, or
[0:19:03] Kool @koolcryptovc: Cardano. I can't remember, bro.
[0:19:07] Dave @DCBK2LA: I don't have any XRP Maxi friends, to be honest.
[0:19:10] Landy @CryptoLandy: Dave, you know why he stopped coming? Dave, cool. You know why he stopped coming? Because you invited this Bitcoin puppet up on stage. Like, oh, man. I'm gonna have
[0:19:17] Landy @CryptoLandy: to deal
[0:19:17] Landy @CryptoLandy: with this Bitcoiner now. Shit.
[0:19:20] Kkoma @itskkoma: Yeah.
[0:19:23] Dave @DCBK2LA: Alright. We just got word back. Awesome. Let me connect with the team, check their availability. In the meantime, do have anything specifically you'd like to ask them? The team may like to prep some data, talking points to have on hand to best answer your questions. Coming right up, Anna. No parab.
[0:19:39] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: How do you FedNon handle the combativeness that comes with being a trapped by organization entering a decentralized space?
[0:19:47] Dave @DCBK2LA: Oh, fuck me. I'm gonna regret this shit. But I'm gonna regret this
[0:19:50] Bread @_ToastMalone: Who's the private keys of all of your users?
[0:19:53] Landy @CryptoLandy: Oh, ouch. Hey. You know, that... Those are actually legitimate questions. But you can offer them from Robinhood now instead of having to sell all your crypto, which would... That was the case years ago, which is actually a big old plus.
[0:20:06] Dave @DCBK2LA: You wanna know what everybody needs to remember? Where was the one place where was the one place where you could go first by Doge? Okay? Way back when everybody got started. 2021, where was it? Okay? That's right.
[0:20:19] Kkoma @itskkoma: Robert He
[0:20:19] Landy @CryptoLandy: says got started.
[0:20:20] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Does anyone in your organization have an MFer or know what an MFer is?
[0:20:25] Landy @CryptoLandy: Oh, god. I bet you they do. I bet you they do. Yo. We gotta get Viper up here while he's here. Hey. Can you integrate BankerPods into Robinhood, please?
[0:20:37] Dave @DCBK2LA: Can you imagine, bro? I mean, yo, that that might not be too far off. Like, I know we we we talk about hypotheticals, but that shit might not be too far off. I'm I'm not even joking.
[0:20:46] Kool @koolcryptovc: Tell him that's
[0:20:47] Kkoma @itskkoma: trying to integrate that with this. So if he wants to compete with Brian on a... Yeah. I'm using his first name basis. You know? You gotta compete.
[0:20:54] Landy @CryptoLandy: Yo. Come and give it away who he's
[0:20:56] Landy @CryptoLandy: working with. Now we know. I see who it is.
[0:20:59] Dave @DCBK2LA: Imagine if I give
[0:20:59] Bread @_ToastMalone: it out to Viper, though. Yo. There was a bunch of, like, noise on the timeline this morning.
[0:21:03] Kool @koolcryptovc: People were swapping Billy using banker right on the timeline. So, yeah, shout out to that whole team for being fucking awesome.
[0:21:10] Dave @DCBK2LA: Let's go. Yo. What would you guys do if I literally was like, alright, guys. Here's... In the chat, if I was like, here's the rules. You need to address the guest as mister Teneb.
[0:21:22] Bread @_ToastMalone: Mister t? Can we call him mister t, bro?
[0:21:24] Dave @DCBK2LA: Mister t. Yeah. Sir,
[0:21:27] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: how do your policies and procedures of suspending accounts align with decentralization?
[0:21:34] Landy @CryptoLandy: Well, I forgot my password.
[0:21:35] Bread @_ToastMalone: I used to help me get back into my account.
[0:21:37] Dave @DCBK2LA: Yes. Let them know
[0:21:38] MetaBeast @AKCMetaBeast: how y'all really feel before they come on.
[0:21:42] Dave @DCBK2LA: The roaring kitty was one thing. Okay? We might even get away with not knowing that screen. Maybe not. But if anybody mentions, even fucking breathes and says... So remember that whole story on Reddit with the... I will cut your feet.
[0:22:05] MetaBeast @AKCMetaBeast: Dave, I wanna say congratulations. That's awesome. And I assure you I'll be on half of my best behavior.
[0:22:13] Dave @DCBK2LA: Oh my god. Imagine a let's... It's like, yo, was glad to introduce yourself.
[0:22:17] Landy @CryptoLandy: Let's go, bucket.
[0:22:18] Dave @DCBK2LA: My goodness.
[0:22:20] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Dave, I was eager to get into it with these guys, but I see suits on the stage. And, you know, I told you what I would do with suits. So...
[0:22:27] MetaBeast @AKCMetaBeast: Let's go, Friar Tuck.
[0:22:30] Kkoma @itskkoma: Isn't it crazy that we're gonna have Robin Hood before Stellar? It's like, what's... What what is this world that we live in?
[0:22:36] Landy @CryptoLandy: Hi, Bruce. It's just loading up a question. She's like, so I was just wondering, like, when can I use, you know, have you integrated again with the the Citi card, and see how that changes like
[0:22:49] MetaBeast @AKCMetaBeast: So am I guaranteed some profit as you steal from the rich and give to the poor like me?
[0:22:55] Dave @DCBK2LA: Hey. Well, questions like that, you're not guaranteed a spot on stage. Well, you you... You kidding?
[0:23:00] Bread @_ToastMalone: What's your Fortnite user handle?
[0:23:03] Chai @chai_lens: That's a good question.
[0:23:06] Landy @CryptoLandy: Are you into betting? Do you... Would you like an agent to help you bet? You can totally bet......
[0:23:12] Bread @_ToastMalone: Stocks? We could do that.
[0:23:13] Landy @CryptoLandy: No. What's the line on... What's the money line on Robinhood stock today?
[0:23:18] Bread @_ToastMalone: Yeah. Legitimately, like, prediction market questions, like, would probably fucking slap. I'd love to actually hear his...
[0:23:29] Dave @DCBK2LA: What is happening right now? Oh, come on, bro. I'm not even... Bro, that's no bread. Don't you fucking dare. I'd never do that shit. That's one of these fat finger motherfuckers. Okay? That was not me.
[0:23:38] MetaBeast @AKCMetaBeast: We're getting it out of our system now for you, Dave.
[0:23:42] Kkoma @itskkoma: I just want a
[0:23:43] Dave @DCBK2LA: little Exactly.
[0:23:44] Kkoma @itskkoma: Cat noise, but I can't find it in the soundboard.
[0:23:48] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Alright. Maybe we can we
[0:23:50] Bread @_ToastMalone: can move on, bro. We we can we can, you know...
[0:23:53] Dave @DCBK2LA: Wait. Wait. Think that's option to ask this guy.
[0:23:56] Landy @CryptoLandy: I'm sorry, Brad. I think that was me trying to bring Empress up, and I might have hit mute by accident because we're all trying to bring her back up. My bad, dude. You're gonna just say something about prediction markets. I know that.
[0:24:08] Bread @_ToastMalone: Yeah. Yeah. I'll ask him a question about prediction markets. It's like a real question, not about sandwiches or when they're gonna list potato. But I would like to talk about the Fannie Mae stuff because that's fucking sweet news, bro.
[0:24:21] Dave @DCBK2LA: You teeing that up for me right now? Oh, I need to make sure everyone's done. I get... You know what it is? Everyone's gonna pepper in their fucking nonsense throughout the entire episode anyway. So... Throughout the entire show. So it it is what it is. Okay.
[0:24:33] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: One more thing. I I assume they will be accommodating a no KYC type of policy with the... Everything as they integrate into crypto.
[0:24:42] Dave @DCBK2LA: There it is. You see, just let it out now.
[0:24:44] Bread @_ToastMalone: Just let it
[0:24:45] Kkoma @itskkoma: out now. Let it out.
[0:24:46] Dave @DCBK2LA: Yeah. Yeah. Yeah. Let it all out now.
[0:24:49] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I'm good. I'm good now.
[0:24:51] Kkoma @itskkoma: Can I ask? Wait. I have one more. Can can I ask him if Robinhood's gonna incorporate Infilify somehow, and will we get some, like, Robinhood dollars or tokens in the future?
[0:25:00] Dave @DCBK2LA: If you think for one second that my slick ass is not gonna throw in Vlad fucking saying, Infofy drop this coming Monday now that we have a date on KuCoin. Like, you're absolutely crazy.
[0:25:10] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: You guys are masochistic. That's just what we need. More Infofy.
[0:25:16] Dave @DCBK2LA: Exactly. Thank you, Empress. Finally, she backs me up on something.
[0:25:19] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Or maybe you could just cut right to the high. Could we get early aloe on whatever asinine coin you're gonna drop? Could we just do that and skip the info pie part?
[0:25:30] Dave @DCBK2LA: I like that idea. Yeah. Vlad coin dropping... We should drop Vlad coin during the spit. If anybody drops a Vlad coin during the spit, disregard anything I just said. Disregard anything
[0:25:40] Kkoma @itskkoma: I just said.
[0:25:41] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Excellent. Let's automatically tie them to a meme coin during this face. It's a brilliant idea. Yep. Mhmm. Viper, can you have banker do that in the purple pill during this face? I'm here for it.
[0:25:52] Landy @CryptoLandy: You go, you're all wild. I just wanna know what hair products he uses.
[0:25:58] Dave @DCBK2LA: He does have great hair. I mean, you saw him on CNBC yesterday. That is great hair. I'm just saying. Alright. Shut up. Everybody shut up. That's enough now. Lexi Lexi, you're up. Tell us about Fannie Mae, Freddie Mac, and this whole deal.
[0:26:14] Voice M: Sure thing. FHFA director Bill Pulte has ordered Fannie Mae and Freddie Mac to come up with guidelines that would let lenders count crypto held on US regulated exchanges as part of a borrower's assets. This move could pull crypto heavy buyers into the conforming loan market. Meanwhile, hedge funds are bidding up the GSE's thinly traded shares on renewed chatter that a second term Trump administration might finally privatize the two mortgage giants even as Fannie's June outlook trims its 2025 existing home sales forecast to 4,140,000 and sees thirty year rates stuck near 6.5%.
[0:26:53] Dave @DCBK2LA: Also, Lexi, can you tell Cool Crypto that... By based off his reactions? I know that he obviously didn't read the title to ATC because of how he was just reacting. And for someone that owns and buys 15 new homes a year, he should probably be aware of that.
[0:27:11] Voice M: Got it. I'll let CoolCrypto know that, he might wanna give those ATC titles a closer look next time, especially since he's out there buying so many homes every year.
[0:27:22] Dave @DCBK2LA: K. You heard that cool? Thank you very much. Big news. Cool. Did you really not know about it for real, or were you just kinda throwing it? Bro,
[0:27:30] Kool @koolcryptovc: I... I'm I'm I'm so deep into the yappy o, snappy o, bad view, all the yappy o's, man. I had no idea, man. This is huge, huge. Family made... A friend of Mark... Mark... Michael, one of biggest financial arms in in in in The US.
[0:27:48] Dave @DCBK2LA: Man, this is... Like I said, I knew
[0:27:49] Kool @koolcryptovc: this was coming, but the speed that it's already here is shocking, man. It's really shocking. I just think BlackRock's... The whole BlackRock move to Bitcoin last year changed the game, man. I mean, this is insane. So like I said, I don't know too much about this. I have to do my research, but this is massive news, man. Huge.
[0:28:10] Dave @DCBK2LA: Yeah. So, essentially, for everybody that that was just listening to Lexi's voice and how sometimes she could just really feel like talking down to you. I don't know why I feel like that. But, anyways... But, essentially, what she said was these, like, these guidelines. Right? So, Bill Pulte, essentially, like, FHFA director has ordered Fannie Mae and Freddie Mac to come up with guidelines that... This is the crucial part that let lenders count crypto held on US regulated exchanges as part of a borrower's assets. So meaning, if you have money now that's sitting on Coinbase, right, in USDC, in ETH, or any other crypto asset that is sitting, like, generally on Coinbase, that is going to be counted now. So now we're saying crypto as an asset class. That's a really, really big deal. And I know that, you know, Genius Act hasn't gone through anything, but here's the here's the kicker. This move could pull crypto heavy buyers into the conforming loan market. Meanwhile, hedge funds are bidding up the GSE's thinly traded shares on renewed chatter that a second term Trump administration might finally privatize the two mortgage giants even as Fannie's June outlook trims its 2025 existing home sales forecast to 4,100,000 and sees thirty year rates stuck near six and a half percent. Landy, tell me, like, what... Like, interpret all of this for us because I I currently have Lexi working on overtime right now, she's given me kinda, like, the full breakdown. But when when you when you hear something like this, I mean, this seems massively, massively impactful. Obviously, like, for for your average home buyer, but is this gonna, like, bring down rates? Are we gonna see home sales now start to increase? What do you think?
[0:29:49] Landy @CryptoLandy: I think that it's a it's it's a big benefit for anyone in crypto that's holding crypto assets. I mean, look. Like, when... If I'm gonna go and get a mortgage in the future and they wanna count my crypto assets as part of, you know, my assets to qualify. Right? And they look at my big fart coin bag, they're like, oh my god. He's got so much so much gas in that bag. It's amazing. And by the way, stole that from mister Spread. I just read it. Shout out, mister Spread. Much love to you. But, yeah, like, that's that's hilarious. But, also, I think that with the passage, when we finally get the Genius Act passed, this is needed because you're gonna have all of these banks that are gonna issue, their own stablecoins. So if you have stablecoins, they have to be able to have a way of counting that. Right? So it's not just your your variable price cryptos. It's also going to incorporate, you know, the... Considering your stables as an asset. Right? And that's actually... That changes the game because cash on hand versus an asset, they're seen in much the same way. But mortgage, mortgage companies and banks see it a little bit differently depending on the bank, right, and depending on the lender. This is massive news. I don't see this having any effect on rates. That's a completely separate issue. You know, it might get you a more preferred rate being a more qualified buyer with more assets, but that's just about it. For that kind of stuff on the rate side of things, that's all on the Fed. Right? And and that's... That'll come in due time, as the economy improves and the outlook for the economy improves, growth improves, job improve... You know, jobs improve, and we get that inflation closer to target. But this is massive. This is probably one of the more massive things, probably the most massive thing that that needs to happen. Like, it it had to happen, and I'm glad that it's happening now. So they're laying the groundwork for everything that is to come with the the Genius Act. And I don't know if you're gonna have this story, so I don't wanna step on you, but there was some Bitcoin news today as well. So, you know, there's some there's some really big stuff starting to occur behind the scenes. So, I mean, how many people... I don't know if Cool's paying cash for houses. I wouldn't pay cash for a a place right now. I would go and take a mortgage out, use other people's money, and then put some people in there. Let them pay it down, and then you you just take, take your money right back out the other side of it. Right? So... And you can do that now and qualify with your assets. Oh, it's over, man.
[0:32:39] Dave @DCBK2LA: How could you how could you even say something? Like, are you... Cool? I mean, listen. Paying cash for... This this... If cool was paying cash for houses, I think we'd all, like, publicly be, like, out here. We give you, like, the public fucking embarrassment that you deserve if you're paying cash for houses right now. Obviously, this is the American way. It's the capitalistic way. Use other people's money. Okay. Here it is. Federal agency polices US mortgages. Right? Fannie and Freddie. Two companies. They literally buy over half of all American home loans. They now have the ability to start counting Bitcoin and other legally held crypto savings the same way they count cash when judging whether a bank's mortgage is safe to buy. You guys saw the coin... And you always... This makes me think, like, like, the coin based video. Right? Like, the commercial that we saw, right, when they did it specifically around home prices. Right? What did Trump tell, like, in Armstrong? Like like, I don't know. But for them to do that... And now you see all of this rhetoric where... You guys remember when I told you a couple days ago, where it's like, 1 Bitcoin is the new American dream. That's being echoed by Van Eck and every other institution that's out there. And this right now, like, Fannie and Freddie is literally The United States housing market. This is it. And they're now saying, Bitcoin? Yeah. We'll recognize that. That's monumental, man, for real. I think now you're gonna have maybe, hopefully, the smart younger generation that's been out here that's hope... I mean, look. I know we said a lot of times, I don't think that many people hold Bitcoin, like, from the degen cruise. Sell your fucking meme coins and start buying some damn Bitcoin. Okay? Just start. Because now if they're recognizing this, this could be your ticket. This could be your ticket to buying a home. 1 Bitcoin could... 0.5 a Bitcoin. Who knows? Could potentially buy you a home in a... In two, three, four, five years, and you might not have to wait and save up $500,000 or a $250,000 to put a down payment on a decent house that you may wanna move into. Right? Like, think about that. Viper, welcome, bro.
[0:34:43] VIPERɳϝƚ🖍️📺 @VIPERnftMFER: This is fucking exciting. Right? And I think, like, it's just another puzzle piece, and it's what I put my tinfoil hat on is we've got JPMorgan now being able to allocate... I don't think Coinbase and Base were fucking around when they said they're gonna bring a billion on chain. And this is another big piece of it. Right? Now you're incentivized to be able to hold at all the great points that you guys just highlighted to be able to pay if it's a home, a business, like, it's collateral at that point, but legal collateral. And now we're able to move fiat into legal collateral? Ugh. Oh, I got a semi. This is awesome.
[0:35:24] VIPERɳϝƚ🖍️📺 @VIPERnftMFER: Yeah. Like, Coinbase is wrapped. Like, right now, they're wrapping everything. I bought fucking Ada and some stupid Litecoin today. Like, $2 just for my friend, Benny. But the fact that they're wrapping everything in their RWA, like, to me, this is just another piece of that puzzle that's dropping in.
[0:35:46] Bread @_ToastMalone: Yeah.
[0:35:47] VIPERɳϝƚ🖍️📺 @VIPERnftMFER: Glorious numbers.
[0:35:48] Dave @DCBK2LA: Big. And this is... Mind you, ladies and gents, this is a Canadian talking about... Not from the stiffy perspective. I'm talking about just, like, from the housing perspective. Like, he's Canadian. This is a Canadian saying this right now. Okay? Like, think about what this means. This this now shifts tens of billions of dollars in lending. If you crypto rich off of a meme coin, okay, and you wanna buy a house, this is the way now. Like, this is the the... Like, the... Like, it... Like, the road is paved now for you. Really simply. Empress, dare I ask your take?
[0:36:24] Kkoma @itskkoma: Oh, I'm so ready for it. KYC. Anyways, go ahead.
[0:36:30] Dave @DCBK2LA: Are you empress are you empress... Excuse me. I'm I'm just I'm
[0:36:34] Kkoma @itskkoma: just excited. I'm just excited to hear empress's take. Sorry.
[0:36:38] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: What? Why would I... Hurry.
[0:36:41] VIPERɳϝƚ🖍️📺 @VIPERnftMFER: Because I'm almost at the dentist.
[0:36:42] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I don't have... Listen, motherfuckers. What are you doing? Why do you have... Like, move, bitch. Like, what are you doing? Move your shit. Move your bags. Rotate. Like, what? I've been moving shit. Are you kidding me? I'm just moving stuff. That's all I... I don't I don't have a... TradFi is here. I've been saying it. I'm not... I... Don't fight the tide. Accept what's happening. Just just to just take it. Take it and and accept it. I'm moving shit. That's that's all I'm doing. Like, Dave, we talked about it yesterday. I I nailed Landy down. What did he say? 25% of your meme coin bags are gonna survive. That was the point. Shit like this is gonna keep happening. We are going to keep... If you don't capitalize and move with these things and put money where it's gonna grow into tradfy type plays with these announcements, then you're gonna get left behind, and you're not gonna be able to be early and get this first mover entry stuff. Somebody came out with a great tool about where to put things for your portfolios. I'm moving into trad fi plays that... Because we're early to somebody's point that said earlier, you still don't have to KYC for, and that's what I'm doing. That's my take. I'm just capitalizing on being early.
[0:38:05] Landy @CryptoLandy: Can can I can I elaborate just a moment for for the audience? I'm saying that... Not that 25% of your meme bags will survive. I'm saying 25% of the OGs will
[0:38:16] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: actually Yeah.
[0:38:17] Landy @CryptoLandy: Go up and create new highs. And then the rest, to Empress's point, you have to be looking for opportunity.
[0:38:27] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: They're trash.
[0:38:27] Kool @koolcryptovc: You got in the middle that.
[0:38:28] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: The rest to my point is the rest of them are trash.
[0:38:34] Landy @CryptoLandy: They're they're zombie tickers, many of them. And look, if it's not a utility, if it doesn't provide for something... Like, the the next big wave in my opinion is a coin attached to something that does something.
[0:38:48] Kool @koolcryptovc: Revear....
[0:38:49] Landy @CryptoLandy: You, Brad. Looking at you, Brad. I don't... You know, that's... That is that is the next major wave. And now we've we've classified them, but they're gonna become so ubiquitous that they're gonna defy classification because you can build anything into it, right, and utilize that. So... And with this kind of money that's gonna be coming in, and people will get excited about this too. Like, hey. I can use my crypto now and actually have a way to move up and move my station in life. That is incredible. So this is what we wanted. This is exactly what we wanted for crypto, and you gotta take the good with the bad. But the beautiful thing is is you'll still be able to cold storage your crypto, and then you can declare it as an asset, whatever ones you want. Right? And then you can leave the other silently on the side if you want. Right? There's many different options for people now that, you know, we we are getting to that point where it's gonna become... I think the actual... And and empress is gonna take me down for this one. When Trump says, like, a golden age, I think that he's not just talking about a golden age under him. Because a golden age has to last for at least twenty years, and that is where... When you have the infrastructure of crypto, AI technology, and robotics, that could lead to a good outcome in the future, and maybe we narrowly avoid the Blade Runner future.
[0:40:25] Dave @DCBK2LA: So one thing to clarify though, Lendi, I... And and I'm and I'm... Yep. So one thing to clarify is the the the the announcement said stored on a US regulated centralized exchange. So the cold storage... Yeah. So the cold storage that you just mentioned is is not a play... It's not gonna be applicable to essentially, like, for this. So...
[0:40:45] Landy @CryptoLandy: But you could... You can declare it and transfer it is what... Is essentially what I mean. Right? Like... So that is the big thing is you declare it, you transfer it. And, yes, obviously, that that does have implications because... And they they can't just have you bring in a cold storage wallet. Right? Because they they they have to go through all of the KYC AML stuff in the first place. They don't know if you just mugged the guy in the street and stole his ledger or something. Right? So, you know, that all makes sense. But the... My point behind that is, like, you can still have your cold storage assets. Make sure you have multiple wallets. Make sure you're rotating, and you're keeping everything secure. And then when you're ready to go do something like this, you have the ability to do so. And this is gonna hook into some other stuff I... I'm... That I'm also just as excited about.
[0:41:37] Dave @DCBK2LA: Let's go. Yeah. Amber, go for it.
[0:41:40] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Comma, did you wanna say something?
[0:41:43] Kkoma @itskkoma: No. I just had some weird twisted comical take up, like, about the bringing your hardware ledger to, like, some some, like, office. Right? And then I can probably see these, like, scams. They're like, hey. Come come to our, you know, like, office in in Hawthorne and then, you know, we'll set you up on a house. And then they just, like, beat the shit out of that dude and then steal his ledger. But I
[0:42:06] Landy @CryptoLandy: don't know.... Him. Oh, no. Come on. Don't give people ideas. What the hell?
[0:42:10] Kkoma @itskkoma: No. This is... And because there's so many...
[0:42:12] Dave @DCBK2LA: The fly
[0:42:12] Landy @CryptoLandy: man pulls up.
[0:42:16] Kkoma @itskkoma: Anyways, please continue Empress with the more actual takes.
[0:42:22] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Okay. Let's all remember at all times lovingly, Landy's the man. Like, he's the man. He he he is the haves. He is the man. Everything that...
[0:42:33] Chai @chai_lens: And Empress is the mommy.
[0:42:34] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Landy's... Goddamn it, Zeno. Goddamn it. Everything that Landy says is the man. So his his eager enthusiasm comes from a place of, I will pay those taxes, and I will buy four yachts after I pay those taxes, and I will be excited about all of it. It's always fucking thrilled in the land of Landy. It's all candy. Candy Landy. Anyway, so understanding that...
[0:43:02] Landy @CryptoLandy: Wow. I'm a stripper now.
[0:43:06] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: No. There's still a y. I didn't put an I at the end of...
[0:43:09] Dave @DCBK2LA: Or a board game. A a sexy board game, apparently.
[0:43:14] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: The... Here... The thing is is I I don't buy it. Fuck that. Trump doesn't think forty eight hours ahead, so I really doubt he's thinking twenty years ahead for a golden age. I just... That... That's crap. There's no way. And plus, he just doesn't have it within his control, especially the number people he's insensing. There's a lot of revenge coming down the pike. But at the end of the day, I also think that this trad buy is really going to end up being prohibitive. I keep trying to tell people that. When I am telling you to move, I... I'm I'm serious. I I believe, again, not financial advice, I believe there's urgency here. Like, you need to figure out the assets that you have conviction in. You need to figure out what you believe is going to actually make you money if you were going to capitalize and make this being early and understanding what is going to either consistently pay you. Like, you can siphon off or whatever else. And, like, for me, just so you know, I'm not looking for something that I'm gonna be able to get a million dollars off of. These might be things that I'll be able to siphon money off of over time and stuff like that. There's different ways to figure out your long term investment plans and how that's going to work out. So you you should be researching. None of this is easy, and you should be figuring out who you can talk to and how you can figure that out. And then, also, you need to figure out how are you gonna become compliant because it's going to become a necessity because these exchanges, this idea, well, at the end of the day, Bitcoin's always gonna be decentralized. This is the point that Lanny just hit on. You have to be able to get the fiat or get money out or get money to spend someplace. And if exchanges are regulated, then everything is... It doesn't stay decentralized, not even Bitcoin. So these are the things that you have to be considered. So that's why when you, like, hear me, I'm like, I'm moving shit. I'm doing whatever. I do think there's a window. And it could be two years. It could be whatever. And there's gonna be things coming around. We got Coinbase has a monopoly. It'll eventually get broken up. We're looking at a lot of stuff. But in in crypto time, it's gonna go from feeling like nine thousand years a day to everything's accelerating. And I think we're seeing that. So that's kinda what my point is.
[0:45:36] Dave @DCBK2LA: Everything, everywhere, all at once. Yeah. That... That's a great take. Yeah. I I hate saying this word, but, yes, I agree. I actually do agree with that. Cool. What's your take now that we kinda went around the horn over here? Because here's the thing. Right? The the the one part, like, the question that I asked Landy, and and I'm just, like, constant... I'm just doing the research as we're talking through this. But the chatter was... At the end of that notice was, you know, the rumor is that they they wanna essentially privatize Fannie and Freddie. And this conversation has been going on for decades already. So I don't know how legitimate that actually is, but if Trump does manage to pull that off, that is no bueno, right, like, for rates. But right now, on the crypto side, you know, you get out of these jumbo loans and you're able to now, like, count your crypto assets that's sitting on these exchanges, that looks... That... That's really attractive, and that can ultimately bring... Start bringing rates down maybe a couple of points. Right? Like, couple of percentage... Not, like, full percentage points, but, you know, maybe, like, you know, you're you're going from six and a half down to either six or maybe five five, but that makes a difference when you're buying a $500,000 or a million dollar home. You know what I mean? But, overall, like, hearing everybody else now, like, hearing everybody else's take, like, what do you think?
[0:46:46] MetaBeast @AKCMetaBeast: Yeah. I don't I don't... It's a
[0:46:47] Kool @koolcryptovc: lot of speech. I don't really have the word to say, man. I mean, they've already said everything that I say anything. I'll just be repeating what they they already said, but I do agree with with what Empress said also, Landy. But, yeah, nothing to say from my side, man. I mean, like I said, this this is this is a big deal, and it's what we've been talking about for a long time on this show, which is the institutions are coming, the bridges are being built to allow them to come, and it's it's it's very slow. They don't just just AP in like like like like we do. Right? They they they take this sweet time. And I think this is just another step. It's just another one. But, yeah, man, guys, the crypto industry is gonna look very, very, very different in next three, four, five years, man. Very, very different. And I and I know I know people don't like Trump. I know people don't like Trump. I get it. I get it. But, man, Trump is the reason why all of this is happening at this speed. And this is just... This is insane, man. The speed at which things are happening. If Kamala Harris had won, they'll be... The the SRP will still be a lawsuit. Coinbase still be a law... Lawsuit. Binance will still be a lawsuit. There will be no title. If if there is, there will be no title for people live in The US. It's just it's just, you know, things are happening at a rapid pace, man, and it's... It is unbelievable. I I still can't believe, like, things happen this fast. Right? It's it's... It is it is insane. And and we're having people in the Trump administration on national TV talk about how crypto is gonna take over. Trump's kids are all over the, crypto conferences around the world, man. It's it's just... It's crazy. This... We did... And all this is within just the last six months. Everything's happened in the last six months. So, bro, like like I said, I'm not gonna say just just buckle up on the ride. It's gonna be a bumpy one, but when the dust settles, guys, you guys are gonna be making a lot of money, man. As long as you're holding the right stuff, you're going to be holding... You're you're gonna make a lot of money. But just enjoy your ride.
[0:48:59] Dave @DCBK2LA: And what's the good work?
[0:49:00] Chai @chai_lens: I've already launched a few shitcoins with with Eric and Junior. You know? The Trumps the Trumps are here. They're in the salon of trenches. Obviously, I'm kidding. But, you know, in terms of the, thousand year empire or golden age, you know, I think that Melady, more than more than Trump, might be able to bring that around. Wanted I to hear your guys' takes on on... With that transition on Ethereum. Because I've been hearing a lot of, you know, Empress, a lot of fud around Ethereum,
[0:49:31] Kkoma @itskkoma: how it's not it's not
[0:49:31] Chai @chai_lens: a business model, Doesn't have a good business model. It's not capturing, it's not capturing value. You know, l twos are killing Ethereum, stuff like that. And, you know, I just wanted to hear your guys' takes on that, on on Ethereum in general, what it might be used for in the future that you're talking about where DeFi, TradFi are more merged, which I do think is is gonna happen for many reasons. Right? But largely that it's more efficient. We just have to make it accessible and integrate it into preexisting systems. I think ETH is the is the chain for that. And I'm not even, like, bearish on Solana for that reason or for that purpose, for that use case because of its downtime and centralization necessarily. It's it's just that Ethereum is a more robust and secure blockchain, for peer to peer transactions and, you know, the use of smart contracts, of course, which are used in in, in DeFi. So was wondering what you guys thought about that, the sort of decentralized d... The, you know, the d in DeFi and where that might be taking place the most in the next five years and why.
[0:50:42] Dave @DCBK2LA: Hey, Zeno. Good to chat with you. I'm the host. Yeah. I mean, it's not genuinely where we are in terms of, like... I appreciate the question, but DeFi and and and DeFi's future, I don't know if if anybody wants to take it, feel free. But... Yeah. I mean, we we were kinda talking about the Fannie and Freddie news. I don't know if you were by your phone, but do you have a take on the Fannie and Freddie stuff?
[0:51:08] Chai @chai_lens: No. Absolutely not. And I'm sorry for for transgressing. I'm I'm used to degenerate slowness spaces where people say curse words and racial slurs. I am terribly sorry.
[0:51:18] Dave @DCBK2LA: Yeah. Like, you're good. We we put our suits on here for about ninety minutes a day. After 07:00, you could definitely go fucking nuts, bro, because the puppet and the fucking MF are over here definitely do. So, you know, hang hang around if you'd like. That's for sure. Yeah. Anybody else have any take on the Fannie Freddie? Brett, I didn't hear from you. You're like, this is massive. Talk to me, bro.
[0:51:40] Bread @_ToastMalone: I'm just wondering what it's gonna do to the price of house coin.
[0:51:44] Dave @DCBK2LA: The price of what? House coin?
[0:51:46] Landy @CryptoLandy: Yeah. Yeah.
[0:51:49] Bread @_ToastMalone: Gen... Like, half serious because, like, yeah, like, the first thing I thought of when I saw this news, I was like, shit. Chill House and HouseCoin and, like, are people gonna, like... I mean, it would only make sense that you could buy a home while leveraging your HouseCoin position. Right? The most entertaining outcome is the most likely. So, like, I'm genuinely curious. Maybe, Landy can provide some some dope TA on HouseCoin and what that's looking like now. But, realistically, the fact that we... I mean, shit's about time. This is the first thing, like, everyone's talking about, like, realty on chain and, like, how can we fractionalize and tokenize ownership of homes on chain and blah blah blah. It's like that you... Like, there's too much web two red tape and bullshit in the way right now to do that. And currently, like, this is now the first step towards like, oh, well, alright. Shit. Alright. So there's sort of a path for some of the legacy systems that are in place right now when it comes to homeownership in America. So I'm I'm really excited to see how this is gonna play out, and I might pick up a bag of HouseCoin tonight.
[0:52:53] Dave @DCBK2LA: Well, HouseCoin.
[0:52:55] Landy @CryptoLandy: I'm gonna tell you right now, Brad, that HouseCoin has been teasing support, and, it's either gonna nuke through it or it's gonna take off from here. And I don't know if the narrative, has been connected, just yet. Maybe you have just now made that connection, and, I mean, there's 22,888 holders. So, that's a that's a pretty good damn narrative, if you ask me. I I gotta say that to Zeno's question and how it relates back to this, I think you're gonna start seeing more and more of these banks and traditional market players utilizing DeFi in a much, much bigger way because they're they're already involved. Like, when you think about JPMorgan and the JPMD token that's gonna... That's on base now, so with their stable, you know, they're gonna have ways for you to to to stake, and you're gonna be able to use that in ecosystem. So you're gonna be participating in DeFi while being attached directly to, you know, an issuer that is CeFi. Right? And and that is, like, a really easy jump where, you know, you could see how you could hold their their stable, and then maybe they have benefits, where that... Where to your point earlier, Dave, like, could this potentially... You know, maybe you get a preferred rate. Right? Because you have their stable as as an asset, and it's at... You know, and it's... You know, you took that off of base and transferred it to your to your JPMorgan account. Right? Like, that could be something that we see in the future. Like, why not? The the the whole world kinda opens up to that. So I think that Ethereum is the chosen one for this, and I think that Tron is in competition for that because of the issuance. And I think that we're gonna see a lot of bridging back and forth because that's where the stables are. And and I'm not just saying that because Sunny's on the stage either because when you actually look at the flows from Ethereum to to Tron when it when it comes to stables, it's like... It it is a a mass railroad. It's kinda crazy. For a long time, people have been ignoring it just because there wasn't a lot of other things to do, but you could see how this just is all gonna come together. It... It's... And it all comes together with another big story that I hope that you have on the docket. So
[0:55:28] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I'll kinda...
[0:55:29] Dave @DCBK2LA: You're about the Bitcoin story?
[0:55:31] Landy @CryptoLandy: Oh, yeah.
[0:55:33] Dave @DCBK2LA: I'll let you I'll let you jump into it. I don't have it on the docket, actually. My thing was, like, like, my next story was ultimately gonna be that, you know, the... Like, we... You we talked yesterday about tons of these companies now backing and doing the reverse merger kind of SPAC deal. I saw maybe, like, five or six new ones today. Vince, I know... Shout out to Vince. He sent me one. Like, Aurora Mobile, something like, you know, like, NASDAQ listed company that's got maybe, like, 10 or 15,000,000 cash on the book. They're like, you know what? Last ditch effort, fuck it. Like, let's let's do this. And and they're like, we're gonna allocate x amount of percentage to Bitcoin. Stock pumps fucking 20%. Like, this is now starting to... This is now... Like, when we say permeating into the TradFi markets, this is what we're talking about. Like, this is it. It's happening, like, right now in front of our eyes. SRM hit almost twelve, thirteen bucks. Yeah. Great. Granted. Now back down to, like, $8.5.09 dollars, right, like, with Justin Sun. But I think what Justin Sun did, he's... He opened the... My man opened the door for the rest of crypto and TradFi to be like, oh, this is cool. Like, let's try this. And this then leads to what Empress is saying, if we really wanna connect all these dots and the fact that, like, TradFi might... Like, this could end up... This could blow up really, really fucking bad. It genuinely can. So this is stuff to definitely keep a close... An eye on, but, yeah, that was that was kind of the next story, Lendi. But, yeah, Lendi, for the Bitcoins. I'm curious to hear. What are we talking about?
[0:57:02] Landy @CryptoLandy: So there's... Some of the White House officials have come out and said that they have already in place a plan for budget neutral accumulation of Bitcoin. Now this is prior to the Bitcoin Act, right, being passed. This is separate from that. And, you know, I've mentioned that that a lot of people should go and look at the Bitcoin Act again because they have a very robust section. Section 15 and down is all about the clawing back the the gold certificates from the Fed and from banks, revaluing and then reissuing, which means that if... This was missed when it was reintroduced because it was overshadowed by the Genius Act and everything else with the tariffs and everything that was going on at the time. But this is now... You know, they have a goal to get that through congress, which will revalue the holdings of gold in the treasury. Right? But they're also, just recently, today or yesterday, obviously, overshadowed by other geopolitical news was that they already have in place a plan to do budget neutral accumulation. Of course, they're not gonna say. They could already be doing it. Right? So they're they're really approaching this with a multipronged approach across the the legislation and the... Now with the housing authority, Fannie and Freddie, getting all that under wraps, you know, genius act is in the pipe. Like, this is all just... It's... I think it's gonna come together very, very quickly. Like, I think we're just gonna see it kinda boom, boom, boom. It might take longer, but I think, like, a lot of the enacting of things is gonna come together very, very quickly. I think it's gonna be quicker than many, are anticipating. Some of the conversations that, certain people had when they were out there recently indicated this as well. So there was a lot of, like, there's a lot of really crazy stuff. I think the news is gonna get really hot and heavy with the crypto stuff in the coming days and weeks as we continue to move forward, what would normally be, you know, kind of a uneventful summer period. So just... I'm excited. I'm like
[0:59:20] Kool @koolcryptovc: How do you... Lindy, but how do you how
[0:59:21] Dave @DCBK2LA: do you reevaluate, like like, how do you revalue gold? Like, does that what does that actually mean?
[0:59:26] Landy @CryptoLandy: So what what the what the treasury did, right, is took the gold from the banks. And the value of that gold is at 42... It's, like, somewhere around $42 and change. Right? Might be, like, $42.91 or something. I forget. So when when, when the treasury took that gold, they issued gold certificates to the banks. Right? So all of your Federal Reserve banks hold gold certificates. They don't actually have gold in their vaults. Right? That was pretty... We know that now. Right? But when they claw them back, they can now revalue the gold in their holdings at current market value or fair price... Fair market value price. So what they can do there is then they can give back the gold certificates. They'll just gonna get less because you're gonna give them back the same dollar amount in gold certificates that you that you clawed back, but they're gonna they're gonna get less gold certificates because they're gonna they're gonna be worth more, which means the treasury gets a whole bunch of money on the books. So, essentially, it's all gonna be just, you know, tap tap tap on the computer, and then here we go. And guess what they can do? They can budget neutral accumulate Bitcoin, and in the Bitcoin act, that is where they're gonna do that. Now, also, the treasury has indicated that they have now clawed back enough money. It... You know, they've they've kind of said this in in in stops and starts here and there since the Doge stuff, but they've clawed back enough money. I think that they're they're either already doing budget neutral accumulation or they're planning too soon. And then you combine that with the Bitcoin act and it's over, man. They they are gonna be full speed ahead, and you're not gonna... They don't have to declare tranches of buys because the prior iteration of that bill was that they were gonna have to do a regular cadence of buying Bitcoin. And why the hell... I was a huge critic of that. You might remember that I was like, this makes no sense. You're gonna put out there that we're gonna buy on... You know, in this, every month this amount of Bitcoin just so you can get front run by every other nation on the planet, every corporation, every state. Like, that makes no sense. Why would you ever telegraph your move? Make... And it and it just restricted their options. So now they're taking a much smarter approach. And bravo bravo. That's the way you do it. And to Empress's point, Bitcoin will always be decentralized because you have to separate the token, the actual Bitcoin, from the network itself. So... And I do understand where you're coming from because centralization of... And control over the supply is is essentially what what many are concerned about, but that's also what's going to rocket price to very high levels. And then you can start thinking about bit bonds or possible...
[1:02:25] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I'm talking about getting the money to spend, Landy. I'm talking about
[1:02:28] Dave @DCBK2LA: the Yes.
[1:02:29] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Yes. Spending.
[1:02:30] Landy @CryptoLandy: Yes. Yes. The network will remain decentralized though, and then... And that's the most important part so that we can still transact. Well, it will. I mean, I can still... I... All I need is one miner and one node, and we can transact without anybody censoring us. Right? So that's...
[1:02:49] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: You have to be able to spend it.
[1:02:53] Landy @CryptoLandy: Yeah. I know. But... Good. I mean, we can still spend it in any way that we want. We can still move...
[1:02:59] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Well, yes. You're in El Salvador with your cloud city with the rest of the techno crowds.
[1:03:04] Landy @CryptoLandy: Hey. Hey. Look. Look.
[1:03:05] Dave @DCBK2LA: Shout out Cloud City.
[1:03:06] Landy @CryptoLandy: We we found plenty of other ways to get around these things. I mean, we'd... You know?
[1:03:09] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Oh, are we back to your cloud mining? Are we back to your cloud mining? Listen.
[1:03:14] Landy @CryptoLandy: I'm gonna be cloud mining my Bitcoin at at a cost basis of $15,000. I reached out to that guy. He sold me on it. I'm all for it. Ready.
[1:03:24] Dave @DCBK2LA: Don't make me bring my uncle Atkins back into the space. Enough of this. That's it. You know? My uncle Atkins is not gonna He
[1:03:32] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: is the head of the SEC.
[1:03:35] Landy @CryptoLandy: Duh. It was just doctor Atkins. He's just gonna sell you some diet stuff.
[1:03:42] Dave @DCBK2LA: Carbs are bad. If I imagine, you know, that would be fucking hysterical. Carbs are not good. Not good for anybody. Where are you, Avery? What Jackins is this? Did he say he's,
[1:03:55] Landy @CryptoLandy: like, my relative as well as as well at some point? It was like, what?
[1:04:01] Dave @DCBK2LA: Wait. What?
[1:04:02] Landy @CryptoLandy: Did he? I thought
[1:04:03] Dave @DCBK2LA: at one
[1:04:03] Landy @CryptoLandy: point he stuck that in there.
[1:04:06] Dave @DCBK2LA: That would be funny. Pause.
[1:04:08] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I kinda mute fast enough. I'm like, pause.
[1:04:12] Kool @koolcryptovc: Yeah, Dave. I I remember the guy's name, man. Benny. Remember him? Who? Benny. Remember Benny?
[1:04:19] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: We're back to Dave.
[1:04:20] The Rundown @THERUNDOWN: Oh, Benny. Yeah. Benny decided that he was gonna go on some crazy shit, bro. Like, Benny said, you know, fuck you, Dave. I don't wanna talk to you no more because,
[1:04:29] Kool @koolcryptovc: you know... Are you serious?
[1:04:31] Dave @DCBK2LA: Bro, I swear to god, bro. Benny flipped the script. I'm... I I think... I don't know. Benny started making a little money, and then all of a sudden, his... The whole attitude changed. But, yeah, we don't we don't gotta go down that route.
[1:04:41] Chai @chai_lens: Yeah. I feel that.
[1:04:43] Kool @koolcryptovc: I... Yes. So so I'm bringing it up. I I just... I was... That deal was bugging my head. I was like, okay. No worries. No worries. I got you.
[1:04:49] Landy @CryptoLandy: I'm laughing because there's two different Benny's and Zino's, and I feel that.
[1:04:54] Chai @chai_lens: I'm I'm glad you picked up on that, Landy.
[1:04:56] Landy @CryptoLandy: I love it.
[1:04:58] Dave @DCBK2LA: Oh, I see. Knows your name, Ben... Oh, why? Is there another Ben? Like... It's not him. No.
[1:05:02] Chai @chai_lens: I I know a Beni who also who also did some things and acted differently when he started making some
[1:05:08] Kool @koolcryptovc: money.
[1:05:08] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Let's see.... Way. Never would have guessed it.
[1:05:12] Chai @chai_lens: You know what, Empress? Yeah. It must be nice outside the ring looking...
[1:05:16] MetaBeast @AKCMetaBeast: I know Benny and the Jets.
[1:05:18] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Benny and the Jets. By the way, people, I am insufferable. Early.
[1:05:24] Kool @koolcryptovc: So so, David, remember remember when I said, like, you know, we gotta be careful when we bring bring up bring up to the space. I want you to look at the person who re... Request for
[1:05:34] Kool @koolcryptovc: the mic right now. Have have you seen have you
[1:05:36] Dave @DCBK2LA: you seen the days? Cool. Like, if we didn't... This is day this is day one over here, bro. The second the request comes in, just so y'all know, I tap the... I tap it, and I look and I look at it. I'm like, oh, okay. Like, at the end of the day
[1:05:47] Kool @koolcryptovc: I left my lesson. I left my lesson about three months ago, and I brought somebody up, and they they loaded 5,000 porn images on on my spaces. I have to shut it down. I can't... I was like, yo. So if you host this space before you add anybody up, just make sure you check that person's case.
[1:06:09] Landy @CryptoLandy: Dave said the first thing......
[1:06:10] Kool @koolcryptovc: And that... Yeah.
[1:06:11] Landy @CryptoLandy: Cool. Dave said the first thing I did was tap it.
[1:06:14] Landy @CryptoLandy: Now I realize how funny that is.
[1:06:18] Dave @DCBK2LA: Ah, that's single life. Listen to me. If y'all... You guys are enough for me to juggle pool. Like, are you kidding kidding me? Me? It's bad enough trying to wrangle you freaking, like, this herd of cats up here. You think I'm gonna just open up the stage and be like, everybody come up. Free reign with blood. I'm done. I'll I'll be blacklisted from every fucking institution. I'm trying to move us forward, guys. Forward.
[1:06:37] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: That happened to me one time, and I found the guy's main, and I scared the fuck out of him, and he promised to never do it again, and he never did.
[1:06:45] Dave @DCBK2LA: Yeah. I think it's a little bit of a different scenario in this case. I gotta be honest. It's a little bit different in case of Amira Noir. Yeah. Click on that profile. Amira, you have beautiful lips, but you are... No. No. You are not gracing this thing
[1:06:56] Landy @CryptoLandy: right there.
[1:06:56] Kool @koolcryptovc: I am Bro. Bro. That's... No. That... That's not that's not that's not a mirror. That... That's John John John from China or something, man. That's the dude.
[1:07:05] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: What do you mean a little bit different? The guy came up and spammed the jumbotron with scat porn, and I was like, uh-uh. And I had hunted him down.
[1:07:14] Dave @DCBK2LA: How long did that hunt take you, actually?
[1:07:16] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Under twenty minutes. Found his main, and then I was like, uh-uh. We ain't doing this. Whatever.
[1:07:21] Dave @DCBK2LA: I knew she was a fucking CI, Landy. Twenty minutes? She's definitely your CI. I don't wanna fucking hit twenty minutes. Nobody's got skills like that to find grift with 20 followers in twenty minutes. Yo. The...
[1:07:33] Chai @chai_lens: Actually, empresses is is not your cover, my lady. She does have those skills.
[1:07:37] Landy @CryptoLandy: Yo. She does. That's that's when the black man pulled up twenty minutes later.
[1:07:45] Landy @CryptoLandy: Tag them and bag them.
[1:07:46] Dave @DCBK2LA: Let's go.
[1:07:46] Bread @_ToastMalone: No. I think it's just like it's it's a skill that comes along with being, like, a crazy chick because I married one. And literally, like, anybody on the planet, it's like, yeah. What's what's... What what... What's their first name? And literally within, like, ten minutes, it's like, oh, so their aunt actually lives over here in this town next to this other person. And it's like, yo. What? Like, between Instagram, TikTok, Facebook, Twitter, it's not a
[1:08:13] Dave @DCBK2LA: I thought I was about to write your obituary. The second you said crazy and woman in the same sentence on this stage, I'm like, oh my god.
[1:08:19] Bread @_ToastMalone: No. No. I've gotta pass.
[1:08:21] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Listen. You can go fuck yourself. It's a combination of all three. Zeno's right. Bread's right. But also nobody asked Landy how I knew about the the black bag being in the vans either. Nobody asked him that side, but it wasn't because I was on his side, you asshole.
[1:08:39] Landy @CryptoLandy: Oh
[1:08:42] Landy @CryptoLandy: my god. Wants bread. Wants some bread. Back me up, bro.
[1:08:50] Dave @DCBK2LA: I got you, bro. Who are we fighting? Yeah. I'm way back here. I got you back way back over here. Way back over here. Yo. What's up? Let me just say what's up to Rundown. Rundown, what's good?
[1:09:03] The Rundown @THERUNDOWN: Hey. What up, man? What's up, everybody? What's going on, man?
[1:09:06] Dave @DCBK2LA: Chilling. How are doing?
[1:09:09] The Rundown @THERUNDOWN: Good, man. Good. Waiting for this this market to pivot, man. But it's it's coming, man. It's coming, and it's not gonna stop.
[1:09:17] Voice G: Like that.
[1:09:17] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Give it to Hyper Liquid. We're already running.
[1:09:22] Dave @DCBK2LA: Hypeys. Hypeys. Hypeys. Alright. What else is cooking on these on these other chains? You know, what do you got for us? You got anything cooking? Like, what's on your timeline other than the drama? Give me, like, real news.
[1:09:34] Chai @chai_lens: Well, sir, may I interest you in a meme coin?
[1:09:38] Dave @DCBK2LA: No. Actually, no. Definitely not right now, but good try, though. Definitely not.
[1:09:42] Chai @chai_lens: I'm joking. It's been... So from from my side of things, it's it's been interesting watching the recent run up of crypto, which is not my token, and the drama that's created with ticker Bitcoin. I don't know if you guys have caught that. But...
[1:10:03] Dave @DCBK2LA: Harry Potter or Osama Obamacare knew?
[1:10:05] Chai @chai_lens: Harry Potter or Obamacare knew. Yes, sir. So they are extremely insular community unlike Remilia. Remilia is, you know, Muladi makers parent corporation or whatever you wanna say, is very, pretty supportive of derivatives. If not, like, by literally, you know, naming them on the timeline, calling them out. They at least don't like, you know, badger derivative collections and artists. Whereas Ticker Bitcoin... And I love both these communities, by the way. But this is this is... Reality is that, like, Ticker Bitcoin is extremely xenophobic, which is really funny because it's a schizo token. But it hates derivatives. Hates them. They're only recently only recently, they've been changing their sort of, perception of derivatives and their approach to them because they are launching their own blockchain layer two on top of Barachain, and it clicked for them. Right? Now they they... Now they realize they have all these creators in their community, even the ones that have been excommunicated who are making stuff out of the ticker Bitcoin, and they're gonna need them to be building shit on their layer two blockchain.
[1:11:24] Dave @DCBK2LA: Wait. Wait. Dino, are you... Wait. Did you just say... So are are you saying the the Ramilia crew is building on top of Barichain? Or did I did I hear that correctly?
[1:11:33] Chai @chai_lens: No. I I... There were a lot of, like, Meladies and Ramelias, whatever that were, you know, that were in
[1:11:38] Dave @DCBK2LA: the Yeah.
[1:11:38] Chai @chai_lens: In the presale for for Barichain. But in terms of building on top of it, I haven't heard much as of late.
[1:11:46] Kool @koolcryptovc: Okay.
[1:11:47] Chai @chai_lens: You know...
[1:11:48] Dave @DCBK2LA: I was gonna say, Barachain has been like... Yeah. Barachain has been like the biggest disappointment. Like, every founder I talked to, everybody is like, yeah. I'm like, what... You know, what's the one token that, like, you you know, know, you wish... You know, you you kinda were wrong on, and they're like, Verachain. And I feel like the hype is there for Verachain, but no more.
[1:12:06] Chai @chai_lens: It was... It... I won't get into too many... Too much of the the the details with it, but, like, I I don't... I'm sure you probably know this, but but the proof of liquidity model that they used just... It requires liquidity. In order for the Ponzi that is bear chain to work, and it's a good Ponzi, they need volume. And they launched during a market that just didn't have EVM volume. And it wasn't attractive enough from a use case standpoint like Hyperliquid EVM for people to deploy capital or enough capital to keep it afloat. It's not dead. I'm not saying it's dead. I'm not saying ticker Bitcoin's blockchain on on bear chain won't do well. I'm just saying that currently, it's not, yeah, it's not looking great. Where where I have been looking is is the the Mega ETH. So the layer two on Ethereum, Mega ETH is like... It... It's it's still on test net, but at least by test net numbers, it's one of the fastest blockchains out there and especially compared to anything EVM and anything SVM.
[1:13:10] Dave @DCBK2LA: So anything the ones... And and, you know, weren't they the ones that... Didn't they they sell, like, thousand dollar NFTs or... No. One... Didn't they sell NFTs for, like, 1 East? Like, what what
[1:13:18] Kool @koolcryptovc: what happened with those?
[1:13:19] Chai @chai_lens: Yeah. The fluffles. So so collections including fluffles, which are... Is like the OG collection. It's sort of like... What are they called? Bera... Bond bearers, Bitbearers, all of those those... I don't even know what that deal was, that that specific Ponzi with Barachain NFTs. But they would launch a new collection and call them re somethinged NFTs, like redistributed or re... Rehypothecated or something. And it's it's sort of like that, though. It's like people who are early to Mega ETH have have a fluffful NFT. Those are on ETH layer one, and they will be bridged when Mega ETH goes live, hopefully, in q three of this year. But the other collections that are large on on Mega ETH, let's say, are Bad Buns, which is at 0.4 ETH right now, I think. And then Megalio, I think is what it's called, which is launching soon, on main net. So Bad Buns is on ETH layer one, so are Fluffles, and so will Megalio, be on layer one. They will all bridge through probably Kingdomly. If you guys remember Kingdomly, they did the bridging for Squirtle Gremlins and shit, during the Barachain hype phase. Yeah. Yeah. So Interchain NFTs are gonna be a big thing coming up. Kingdomly seems to be leading the charge on that. It's not a migration, though.
[1:14:49] Dave @DCBK2LA: Banker does that too, man. The... But, I mean, I think Banker's now starting to do that directly on the timeline as well.
[1:14:54] MetaBeast @AKCMetaBeast: No way. Yeah.
[1:14:55] Dave @DCBK2LA: I swear to god, bro. You can correct me if I'm wrong, but I'm pretty sure now
[1:14:59] Chai @chai_lens: I wouldn't doubt it.
[1:15:00] Dave @DCBK2LA: Yeah. I know you can you can definitely mint with manifold contracts for sure, and and you can definitely move and send. I don't know if it's if it's cross chain yet, but... Yeah. Good shit. Xeno, I appreciate it. I wanna get to this other story. Yo.
[1:15:13] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Wait. Hold on one sec. Xeno, can I have a McGallio of white list?
[1:15:18] Chai @chai_lens: Bro, I can't control that.
[1:15:20] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I'm gonna d... DM me.
[1:15:23] Dave @DCBK2LA: Hush. Hush. Just so you know, Xeno, the way it works is if one person gets one, you have to bring one for everyone. So technically, everyone......
[1:15:31] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: Planet ever. How many Malady assets do you own? Probably none.
[1:15:34] Chai @chai_lens: To to be honest with you, you guys...
[1:15:36] Dave @DCBK2LA: I was heavy. Were you kidding me? Guys have...... Helios I owned? You know who's the first one to burn a Helios? Me.
[1:15:43] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I... I've been here in past ten.
[1:15:44] Chai @chai_lens: Oh, yeah? Well, did you did you bridge Yayo from fucking KantoChain, bro?
[1:15:48] Dave @DCBK2LA: Were you there for the first idea what the hell that is. I have no fucking clue. But wait. I wanna get to this story. So cool. Koma in the chat literally said, cool. She talked about the humanity debacle and claiming you had to give a proof of palm and identity, but couldn't even claim you. Had to buy the token on an exchange and then send it to an ETH address and then bridge it. See? What is this madness going on? Are you serious? Is this what happened, cool?
[1:16:12] Kool @koolcryptovc: Yeah. Yeah. Yeah. I... The funny thing, I I didn't even bother to claim my my... I'm gonna just leave it for them. It it wasn't... It was it was a little messed up, man. That thing they promised about, like, 10 percent of allocation and they give out they give out, like, less than one people. You you you have to scan your palm. You you you give out your identity. You you you you, you know, for... On the app, and you got, like, $6 in return. So people expected, like, five k to 20 k, 30 k, and they were claiming it was $6 airdrop, and it cost $10 to claim. What? Yeah, bro. It was a disaster, mate. It really was messed up. So I I I didn't really I didn't talk about that shit. I I I didn't get much anyway, so I'm just gonna leave it. But, you know, it it was really messed up because you are you are required to scan your freaking palm. Proof of your mind, see, they called it. I'm assuming they're they're probably gonna sell sell that shit to someone. But... Yeah. So you had to scan your palm, identify you as a human to get your tokens, and once you once you get it, they didn't reward you shit. So you... And it cost, like, 10 or $12 a claim. The airdrop might be probably one of the worst we've ever seen in crypto. So today was a crazy day, man. They're just bashing the project. The port... Protocol is down, like, 60, 80% just from launch on, like, magic news from yesterday, which is still up massively to, you know, today. So, yeah, man, you might support a call. That's what happened, man. And then that's that's the four zero one, bro.
[1:17:45] Dave @DCBK2LA: It's so interesting. So so magic new team is is is moving up. Go figure. People cashed out. Right? Like like, like, thousands of dollars that we were talking about in here. And the ones that people aren't... And the the one that people aren't even claiming is literally getting fucking slaughtered. This is fuck. If this is not crypto, like, to the t, I don't know what the hell it is, man. Like, that's crazy talk. I swear. That is wild. Oh my goodness. Yeah. Anyways, good shit. I saw... Yeah. Empress, go for it.
[1:18:13] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I like... I I honestly almost hate taking... Talking about hyper liquid now in here because I I I become that girl. But I I have to because this is the coolest thing that I've ever seen rolled out on chain, and and I'm not being hyperbolic.
[1:18:29] Voice G: That's a bold statement.
[1:18:30] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I know. I know. But I've never seen something like this before. A builder on chain in Hyperliquid made this tool. I put it up above. And what it is is you put the, like, the total, like, fiat value that you have, and you plug it in, and it will give you a breakdown of the protocols, how much you should have allocated into which protocols for maximum farming. It's really cool. Like, especially if you don't have time to investigate each protocols and where you're hoping to throw and pray. I just did it, and these are protocols that I was already, like, allocated in in different ways. But, of course, like, I have too much in in all the wrong ones, and so I'm gonna go and rebalance and stuff. But I've never seen anything like it, and it'll save people a ton of time. Now, again, I'm gonna say all of this is, like, new, and there's no guarantees about anything, and this is about staking and whatever else. But I've I've never seen a tool like this, and given that that entire chain is more on the deep buy, trad buy type of thing. But I just think it's, like, one of the coolest things I've ever seen, for people trying to navigate this new landscape if they're coming from a meme coin, more degenerate type of lens.
[1:19:55] Dave @DCBK2LA: Yeah. I think that's amazing. I guess my question is, how does... When you say rebalance... Because everyone's, obviously, financial situation is different. Right? And it... Like, does it just make sense just from, an APR perspective, like, in terms of, like, what you're gonna farm and where you're gonna get the best returns regardless of how much money you put in? Because I know sometimes it really isn't worth a lot, like, farming some of... You you you know what I'm saying? Like, to, like, to put in, like......
[1:20:18] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: I put as... Because I put, like, my portfolio including my meme coin, like, poor assets that I have over on Hyperliquid, which put me at, like, a a higher total. And then I put as little as, $400 into the bar, and it had me... Like, even in one of the protocols with an allocation, put $13.86 into it. So it's the... It's giving you, like, even that amount to try to far... To get the most out of a potential airdrop farm. So really... It seems to speak to any type of budget in general.
[1:20:55] Dave @DCBK2LA: I I like that because I think it... That can even also just, like, teach some people too. Like, it could be even more of, like, an educational tool of, like, if you've never done farming before and you're like, what the fuck is farming? And you're still scratching your head. Like, that could be a great tool. Empress, I also saw that there was the biggest deposit ever on Hyperliquid. Somebody somebody essentially brought over... Or I think somebody sold something like 200,000 plus sold for, like, almost $40,000,000 and deposited on Hyperliquid yesterday. Yeah. This... I don't know. This more... I believe I read that this morning. That's big fucking news, man. That's heavy. Like, that's money money going in, which is the biggest deposit ever.
[1:21:31] Chai @chai_lens: EVM is going to drain the fuck out of Solana. It's gonna happen pro... It's gonna happen slowly. It's already been happening, but it's going to happen.
[1:21:39] Dave @DCBK2LA: Zino, why do we have to have that converse... Like like, what... Like, why does it have to go there? Like, can't Solana win too? Like, let Solana win. Just not with pump one. Like, fuck pump
[1:21:48] 𝑬𝑴𝑷𝓇𝑒𝓈𝓈⋮ @Hope_ology: always one. Gonna get in the same way you're you're you're always gonna have that e... That Bitcoin maxi cam. You're going to have that from the Eastmaxi side. Like, it's just gonna... And he's he's gonna be
[1:21:59] Chai @chai_lens: It's a it's a moral sentiment. I'm sorry. SVM will do well in terms of making money, and there will be volume and liquidity there for a long time to come. But in terms of of moral sentiment, it's spiritually broke. It's a spiritually broke chain with no culture, and it deserves zero.
[1:22:31] Chai @chai_lens: They probably get an ETF. Yeah.
[1:22:33] Kool @koolcryptovc: Yeah. Hug an ETF. So... No. No. Yeah. No. Guys, all these things gonna do well as long as getting the ETF, money flow into them. And guys, your your... If you check the CNBC, CNBC has five tickers. I don't see... If you guys don't know, CNBC might be one that probably the top financial news network in The US. So they show the tickers of Bitcoin, EAT, Solana, XRP, I think, and and Litecoin. It's been there for the past six months. So, you know, as long as your your your token gets institutionalized, it's not going anywhere, man. And I... I'm I'm hearing Antoni Scaramucci was actually the guy that onboarded a a live think into Bitcoin. He's heavy pushing... Heavily pushing Solana. So I I mean, all these things are gonna do well, man, because this big money bags, they want it. They know there's potential in it. And as long as ETF's here and money pause in it, it's gonna do very well. Plus ecosystem also benefit from that money coming coming in. So I'm not at Kmax. Yeah. I'm just saying I think all these ETFs, all these blockchains that have have, you know, the eyes of the big money bags are gonna do very, very, very well.
[1:23:50] Dave @DCBK2LA: Yeah. What what we didn't talk about also the other day was Grant Cardone, the thousand Bitcoin he bought. I'm sure this is gonna set some people off. The Grant Cardone thousand Bitcoin that he bought with plans to buy 3,000 more. Pump literally was fucking merging with another company, and he's got a massive entity now, and they're, like, amassing. Bro, the race is on, dude. Like, the race is fucking on right now. Excuse me. For TradFi, like... And and really, like, making a a a a big, go at at Bitcoin. I don't know. Do... Like, do you think we see one of these... Landy, maybe this question's for you. You know how, like... I mean, post halving, I I think we're in a different we're in a different arena. Right? Because, like, just looking at some of the charts or whatever, I'm not a... I'm not the the the the TA guy, but when you look at post halving, we should have seen the rip that we've seen in the in the three pre... Like, the the three previous, like, halvings. Right? Like, we should have seen that rip already. But now that we're in this environment, given where we are, are we gonna see, like, a massively violent move? Like... And put your... Don't give me the... I I just want your opinion. Do you think we see a massively violent move from, like, a 100 to 200, like, drastic?
[1:25:01] Landy @CryptoLandy: I think... Well, I I mentioned this last year. We're... And we're now coming up on a six month closure. We have been in a compression for a very long time on the six month time frame for Bitcoin, and there's only one way for this to resolve. Now when I say price compression, meaning that you're getting, you know, a lower amount of, volatility or returns over time to the upside and downside. Right? So everybody's, oh, it becomes less volatile over time. What does that mean? That means price is compressing. And when price compresses on a longer term time frame, like a six month time frame, you know, it's going to break out. This happened with gold. This happened with just about every, stock you've ever seen over a longer period of time. What ends up happening in this case with Bitcoin is there's only one way for it to go. It's been compressing since 2019. That's when we first had, you know, reliable volatility metrics with history to reference, and we've been compressing since since then. Right? We had the big blow off in 2017, and then we've had, volatility decrease over time. And when it picks up, this is going to run for a long time. That's that's... I've explained, I think, a few times, and it's been a long time since I've said it here. But, you know, they're... The lengthening cycle, theory is something that I've been floating since around 2018, 2019 time frame. And we're starting to see that come to fruition because there's so much demand on so little circulating supply with decreasing emissions over time. And there's... They... We're only just seeing seeing the very, very beginnings of that demand. So Yeah. When it takes off, it's gonna teleport. And that's where you're seeing the crazy high sailor numbers. And who knows if they get hit, but it's gonna teleport for sure.
[1:27:05] Dave @DCBK2LA: Yeah. So I I know we only got a few minutes left, but I I watched this really, really impactful video yesterday on the Bitcoin news channel, and I wanna play it for you guys. It's a couple minutes. So just like... There there is a video component, like, visual component to it, but he described everything he's saying.
[1:27:22] Landy @CryptoLandy: There's a burger component? There's a...
[1:27:24] Dave @DCBK2LA: No. No. Not a burger. A visual. Oh, no. There's a burger
[1:27:26] Landy @CryptoLandy: component to this? Is there fries?
[1:27:28] Dave @DCBK2LA: It's like it's like Mayor de Blasio, like, go get the jab, and you can get a burger or chew while you get the fucking... You know, get rid of COVID supposedly. Anyways, listen to this.
[1:27:38] Voice G: Ladies and gentlemen, bubbles have three characteristics. They tend to be a single cycle boom then bust, relatively short in duration, and crash back down to the baseline, which is either zero or the inflation adjusted place of where they were before the boom. The Dutch tulip mania was like this. So was the housing bubble. So was the .com bubble, and so was pretty much every other bubble ever. So what about Bitcoin? Well, Bitcoin is actually hard to see the price cycles because it's increased such radically in value over time. So we're gonna use a logarithmic scale to look at what it looks like on a price cycle where you go from zero to a dollar, then to $10, a 100. It's called the logarithmic scale, which is often used for assets with this level of upside. So in the first price cycle, Bitcoin went from about 5¢ up to $32 back to $2. Now if we were having this debate in 2011, you could be forgiven for believing it met two of the three criteria of a bubble, except that it landed at a price that was 40 times as high as the 5¢ that it started at. What happened next? It didn't go to zero. It went up to $1,200, came back to 92, meeting now none of the criteria of a bubble. Then what did it do? Well, it zoomed up to $19,000 down to 3,200, meeting, once again, none of the criteria of a bubble, 35 times the previous low price. Then it zoomed up to $69,000, down to $15,000, once again, meeting none of the criteria of any historical bubble we have ever seen. Bubbles look like the bottom left of this chart. They do not look like the orange line. So what does look like that orange line? Well, it turns out every high value asset that has ever become a trillion dollar industry or asset looks just like that on a logarithmic chart. Apple, Amazon, Netflix, even gold, when you zoom out, goes through the same pattern, and all of these assets do it for the same reason. The marketplace is trying to figure out how big of a deal is this asset, how big of a deal is this industry, and what role will this commodity, technology, or company impact in the global world? Bitcoin's doing the same thing for the very same reason, which is the opposite of how any bubble in human history has ever behaved. So why is it valuable? Well, for the first time in human history, we have a borderless, predictable, and scarce monetary asset. So what do I mean? Borderless because Bitcoin is decentralized. It's not controlled by any country, company, or anybody. And that means Bitcoin is not like fiat currencies, which is nothing but a bunch of fiefdoms all over the world, and borderless because you don't have to have the government's permission to cross the border with more than $10,000. Bitcoin is a decentralized and borderless currency that is valuable because the world has never had a universal worldwide currency that worked like Bitcoin. Bitcoin is also predictable, absolutely, completely unlike the Federal Reserve where even the experts get it wrong every time. And having a money that is absolutely predictable is a very valuable characteristic. Also, Bitcoin is scarce, truly scarce. There will never be more than 21,000,000 ever as opposed to fiat, which is as infinite as a politician's promises.
[1:31:11] Dave @DCBK2LA: How how imp... Like, when I watched that video, I was just like, you
[1:31:19] Landy @CryptoLandy: you're like, what?
[1:31:24] Dave @DCBK2LA: I was like, seriously. Like, I'm looking at this, and I'm like, holy shit. Like, this is... When you... Like, remember all the discussion that was... It's a bubble. It's bullshit. Everything on TV that you were seeing, Bitcoin's this, Bitcoin's that. And I'm like, this is fucking nonsense. Like, it's all nonsense. Like, it's not a bubble. Period. End of story. And I think that that
[1:31:42] Kool @koolcryptovc: would Yeah. Okay. I think Yeah. I don't know. My Well, you're good. My order went off.
[1:31:46] Chai @chai_lens: I'm just
[1:31:46] Kool @koolcryptovc: trying to see... Make sure this shit works.
[1:31:49] Dave @DCBK2LA: I love it. What's up, cool?
[1:31:53] Kool @koolcryptovc: Oh, shit. Yeah. I don't think I can see me.
[1:31:55] Dave @DCBK2LA: Oh, you know, we hear you, cool. Oh, we hear you.
[1:31:58] Kool @koolcryptovc: Oh, oh, you... Oh, guys hear me?
[1:32:00] Dave @DCBK2LA: Yeah. We hear you.
[1:32:02] Kool @koolcryptovc: Yeah. Alright. Let me let me drop off because my show started. I just gotta drop off. Hey, guys. I'll see you guys again tomorrow. You got it. Thanks, Cole. Alright. Of So see you guys later. See you guys. Alright. Peace.
[1:32:13] Dave @DCBK2LA: Landy, what'd you think of the video? Then I'll say what's up to Alex who always comes at the end of the show.
[1:32:17] Landy @CryptoLandy: Hi. Those
[1:32:18] Dave @DCBK2LA: damn kids. Those kids. Man. Yeah.
[1:32:20] Landy @CryptoLandy: I agree. I agree with everything that he just said. When he... From an analyst point of view and from a fundamentalist point of view, everything that he said was correct. And that is why you're seeing the, race begin. This is... Look. The the starting pistol just fired just just recently, and that was with the spot ETFs. And, it's a it's a slow race that we're watching in slow motion right in front of us, and it's going to accelerate very, very, very, very quickly. And there is no bubble. It hasn't been in a bubble, and it will never be in a bubble, because it's going to be integrated into everything. Bitcoin will touch everything. I've said this so many times that people, you know, make fun of me for it at this point, but, you know, it's the Bitcoin singularity. Everything is going to... Everyone's going to want Bitcoin, and everyone eventually is going to want to settle on Bitcoin for the... On the actual network itself for the security and immutability aspects. Whether it's marketing or not, they're... It's gonna be part of their pitch. What we're seeing is the early stages of the race, and this is a race to increase the value of stock prices to get more fiat, to buy more Bitcoin, to increase the value of stock prices, to get more, you know you know, fiat and then get more Bitcoin. And that's gonna happen for quite a while, and then we'll see normalization in those particular markets. But, yeah, this this is gonna be quite a monumental race for Bitcoin, especially when the United States Treasury really gets accumulating and then declaring that they're accumulating. That's gonna really... It's over at that point. That's why everybody's trying to front run that. And with some of the news that we've seen come out, I mean, Texas obviously passed. They're gonna do 10,000,000. That's just a tranche buy. They're gonna do a ton more. Everyone is everyone is looking at this. Even California is looking at this. It's like, you know what? We better get in on this as the nation's fourth largest... Or as the as the world's fourth largest TV... Whatever. So, I mean, Gavin Newsom too stupid to actually follow-up on these things, but, he's being pushed by people in his own party that are like, you better get on before we get left behind.
[1:34:47] Dave @DCBK2LA: Let's go. I know Alex came up. Alex, I'm gonna be open another, I say, ten, fifteen minutes. I gotta go prep some questions, you know, for tomorrow's Facebook. What's up?
[1:34:56] Kool @koolcryptovc: How are you? How are
[1:34:57] ALEX DAMSKER @AlexDamsker: I'm doing good. Just busy, busy, busy. Oh my god. Work is so busy, which is good. Can't complain, but, wow. There's just so much going on. I was just in an econ space. I do econ on... Econ in markets. Like, we just talk about what happened in plain language, no politics. And then I was just in someone else's space, which is a little more jargony. But but just doing that and interesting that crypto came up there, which it usually doesn't in that space. But this cool news. So I thought this was interesting. And it makes sense actually because the IRS considers crypto. So why wouldn't they consider it as an asset in order to, you know, look at what you have, whether... And whether you qualify. So, so, you know, cool. Anyway, some interesting stuff happening. Lots of interesting stuff happening in the economy in general. Lots of interesting stuff happening in the crypto world. Lots of interesting stuff happening in the markets. There's just so much going on. It's it's like such a... An alive time. It's... You know, after, like, a long time of, like, kind of sleepiness, there's just so much going on right now. Some of it's good. Some of it's... You know, we'll see. But but, you know, really, you know, things are moving. So that's good. I I I don't know. I... There's a lot.
[1:36:33] Dave @DCBK2LA: Yeah. A lot. Alex, I don't know if if you're gonna be free tomorrow. I'd obviously... I'd love to have you obviously on this stage. Either tomorrow or Friday, we got confirmation from... We're gonna get... We have Robinhood CEO Vlad coming on.
[1:36:47] ALEX DAMSKER @AlexDamsker: Oh, sure. Would love to.
[1:36:48] Dave @DCBK2LA: Yeah. Good stuff.
[1:36:50] ALEX DAMSKER @AlexDamsker: Yeah. It. Let's do it. And it sounds interesting. There's just so much happening. I mean, I think it's gonna be interesting to see this stablecoin thing. I don't know. I talked about this this stupid principles that the senate put out for crypto, which are laughable in their, like, vague... I mean, it's not very different from what Biden put out. You know? Let's make rules. Like, okay. The only thing I think that was really useful, if you read those, principles, was that one principle that was like, everything that doesn't have to deal with finance should be off limits for regulation, which I think is fair because that's just a technology. We don't regulate technology that's, like, just doing work. Right? Like, that's just... You know, if you wanna create a technology that, you know, you know, monitors the the moisture of plants, that doesn't come under the purview purview of anybody. Right? That's not a finance based thing. That's... You know? And if you happen to use blockchain to do it, it it shouldn't be subject to someone's regulation just because of tokens. Like, I'm dying for someone to say, tokens just move things along the blockchain. Like, tokens make transactions work on the blockchain. That's all someone needs to say. I am not totally convinced that anyone in the government actually understands that. They all have these weird statements about what blockchain is. I don't think they understand that that's the function of tokens. However, one of the concerns that I have is that the way that they're saying this, that if it does something that's not financial, it shouldn't be regulated. You know as soon as someone does something that's functional even though it's not financial, someone's gonna take that token and put it up on a market, which instantly makes it financial. Right? So the whole point is don't put it on a market, and it shouldn't be regulated. Right? And and it's like people in blockchain can't quite understand this concept that you can use this technology to do one thing and, refrain from doing something else, and nobody could ever go near you. And that's actually how it started. But, this tendency for us to immediately put something on markets, it's not good for us. It's not because of the SEC or any of the regulators. It's because it's killing our value. It is... We're... We are not able to, to build this crucible of latent value where demand goes up as we derisk. We are not doing that. Every other industry does that. We don't do that, and we lose hundreds of millions of dollars every year because of it. And that makes me so angry. So if if there's this, you know, senate rule and it... Or, you know, it becomes a law and it prevents people from doing that, I I don't... It's... The rule to me is, like, stupid, but I just want people to stop doing that so that they can learn to build demand because we're we're not doing that properly. We're not using our markets properly. I do not believe in the accredited investor rule. I would like the accredited investor rule to end. But more importantly, I would really like us to start using markets properly. We are completely undermining our own value. And every day, I look at it, and I'm like, what the actual fuck? This makes me crazy.
[1:40:39] Dave @DCBK2LA: Alex, I've heard you on...
[1:40:40] ALEX DAMSKER @AlexDamsker: The whole industry just needs an education.
[1:40:43] Dave @DCBK2LA: Yeah. I I mean, you... You're literally a broken record now. Like, I get it. Like, it's frustrating. Like, every space I hear Alex talk on, it's like, you guys have any idea? Like, we're the ones that elect these officials. We're the one... Like, we have this power to be able to do this. Like, it's... I mean, I don't... You could say it a million different ways, but it's it's like it's like wallet security. You know what I mean? It's like nobody's gonna get... They don't get... Nobody gives a shit until you actually get hacked, and it's like, fuck. At that point, probably too late. But... Yeah. I mean, I don't know what we gotta do to wake some people up over here, man, but I'm with you, Alex. Believe you me. I share the sentiment. Landy, did you wanna did you wanna say anything? Sorry.
[1:41:21] Landy @CryptoLandy: I I just wanted to chime in and say there's been people there, Alex, that I know pretty well that are are fighting that fight right now. And I'd argue that they're actually pretty darn familiar with the blockchain from the technology side of things. You know, it's not new. Right? You know, we have plenty of supply chain management blockchains that are internal to a lot of large corporations. So what they're what they're grappling with is the fact that almost almost all of the people who create new technologies immediately bring their tokens to market, which which blurs the lines, whether it be on the utility side. And that's almost always... You were talking strictly something that provides utility and value and and some sort of a return. And they immediately do this instead of keeping it in house for the tech side of things because everybody needs money in order to keep building, and this is the... Their way of bootstrapping, and getting VC investment. So it's the conversations that are happening there, well well, maybe not the ones that are are public facing, but the conversations that are happening behind the scenes are really kinda surrounding how to handle all of that. And I was gonna ask, are you are you referencing some of what their talks are for what's going to go into the Clarity Act?
[1:42:46] ALEX DAMSKER @AlexDamsker: So I'm gonna be discussing the Clarity Act next week, and and then the options that are existing right now between the, Genius Act and the Clarity Act. So there's basically three paths right now for the Genius Act. And, and we're gonna talk about how the Genius and Clarity Act are are basically... Like, what's gonna happen with those two? And, the issue that we have right now is that, the... Yes. They need... People do need to bootstrap. And I am aware that people need money and that they are trying to figure out how to get money. And they understand how blockchain works, but they don't understand how business works. Everybody who builds in any industry needs money, but they sell equity. They find another way to do it. They can get a loan if they have to, but they don't sell the tokens. Right? And this is... One of the things about this is it's so dilutive. It... There's just so many problems with this immediately. Even the the... I mean, one of the issues with the equity is that it's it's finite. So I do have this model that I've developed that is an intermediary between stock and tokens, specifically for the blockchain industry so that I can bridge this issue. I haven't offered it yet. I gotta find someone who, you know, wants to do it and is willing and etcetera, but but, you know, and Have you everybody kinda wants to just do the same thing.
[1:44:33] Landy @CryptoLandy: Have you gone to DC at all and talked to any of Any of them?
[1:44:36] ALEX DAMSKER @AlexDamsker: No. I haven't gone to DC. I'm in LA. But I... Maybe I should. I don't know.
[1:44:44] Landy @CryptoLandy: I don't know anybody here. I would recommend that that you do. I mean, I'm sure that you still have connections there, but there's... It's... They're they're pretty open. It's not as exclusive of a group of people that they're talking to. So, you know, if you bark up the right tree, you can be heard. And they are they are... They're listening. They really are. Like, they're
[1:45:08] ALEX DAMSKER @AlexDamsker: Well, send me intros, and I'm happy to speak to anybody about it. You know, the people that I know are like me. They're, you know, like lawyers. You know, they were just grunts trying to do our job. But the... I don't know political people is the truth. I'm not a I'm not a politician. I'm just somebody who, you know, knows the system, like, the... How it all works, and I'm just trying to figure out ways to make it work better. But I'm not a politician. I have no desire to be a politician. I have ideas of what politicians should be and what they shouldn't be, which makes me even less likely to be a politician. But I'm happy to talk to anybody. I do have, like, this middle way is really just the best of both worlds so that people can get funding, but also not screw up this this liquidity pool because we're ending up essentially with penny stocks. That's what tokens have become, and they were never intended to be that. Right? Tokens were never intended to be that, and they end up, in their worst case scenario, right, they end up being banded, which is essentially roped into being these market tokens that are also transactional that are, they're... They've got a ceiling because they're... They have to be transactional. They can't go too high or nobody will use them for transactions. And then they've got a floor because people want them to... Wanna use them for market tran... For market sales, but they still have to do... Use them for transactions. Right? So they end up like Ethereum, right, which operates within a band. It just goes up and down within a band. And that is what ends up happening with all of these tokens. And and that's not what tokens are meant to be either. So if we wanna break out of that mold, then we have to we have to change how we're doing this, and that means we need to introduce a third method, which is this fundraising method, right, which I think actually is very doable and and adds in something else that is going to help everybody essentially with... Okay. Here, you can raise funds, but also, you know, then you can operate with the tokens, and the tokens are free then to do all of the things. There's seven things that tokens can do, and they need to be free to do whatever they're going to do. And and, honestly, in a lot of ways, the market is going to determine what they become. Right? And and that's... It's not... It may be designed in a lot of ways by your tokenomics and by what your, what your platform or your protocol requires. But, fundamentally, your market is going to determine how that token gets used. You just need to make it available to people, and they will determine what what it's primarily used for. Right? Is it going to be used as a product? Is it going to be used as a, a transactional fee? Is it going to be used as a as a security? Is it... What is it gonna be used for primarily? You don't even know. So you have to wait and see what the... You mean, you have an idea of what it's gonna be used best as. But, it can't be free to be discovered if you've got this constraint on it where it's a fundraising tool primarily. And that's really where we're stuck right now.
[1:48:41] Dave @DCBK2LA: Good stuff. Guys, I hate to kill it here. Good convo. Maybe let's pick it up. Maybe we chat with Vlad when when when Vlad is here or or that GM. But, yeah,. Shoot. I I saw your email, but, yeah, go for it.
[1:48:57] MetaBeast @AKCMetaBeast: Yeah. But I had an actual news story for a change.
[1:49:01] Dave @DCBK2LA: Oh, shoot. Sorry. My fault.
[1:49:03] MetaBeast @AKCMetaBeast: So there's evidently a blockchain midnight dropping a airdrop to people holding XRP, Cardano. And for some reason, Cardano is getting the biggest chunk of it. Ethereum, BAT, and some others. I can post the news story up on it. It'll be dropping next month, and it will be unlocked in portions.
[1:49:36] MetaBeast @AKCMetaBeast: And if you do miss it the first time, they are also offering, I guess, a second chance at some point. And they're also offering... They'll be offering a way to earn more from uncollected from the uncollected airdrops. Not sure exactly how they're doing that, but it's gonna... It sounds like it's gonna be a gamified way of some sort. So
[1:50:00] Dave @DCBK2LA: Okay. Cool. Yeah. Feel free to pin it up. Good shit. Thanks, Meta Beast. Yeah. Guys, that's it for ATC today. Obviously, stay tuned. I don't know if it's gonna be tomorrow, Friday, or what the schedule is gonna be. Alex, thanks for stopping by. Landy for the cohost. Empress, as always. Zeno, it was great having you, man. Like, definitely come back. Bread, Sunny d, Metabeast. Justice, we didn't hear you all this entire time. We've been talking like crazy. But, guys, I have the craziest day tomorrow, but, like like, I'm hosting, like, some crazy AI PhDs on the WagMe Hub channel. I pinned it up to the top. Would obviously love some support if you guys wanna help push that one out. It's gonna be an amazing conversation. Like, you guys know how we are talking about decentralized AI versus centralized AI, the ethics behind it. Yeah. This is... Alex, this is gonna... This is right up your alley. So I I would love for you guys to obviously come through. There's, I mean, former Google DeepMind, like, I I mean, crazy... Like, this is, like, this is not the degen space, like, that that that that that we typically run. Like, this is gonna be suited up very serious because, I mean, I think the topic deserves it. So... And then tomorrow, also, don't forget on Mainzee's channel on the collector's hub, we also have Alex, the sticker pack founder and essentially, like, the former marketing... Essentially CMO of NotCoin and dogs on Telegram. Gonna be talking about IP. So Mainzey, Millie are gonna be chatting chatting with him. That's gonna be... I'm an idiot, and I, of course, I I double booked like a clown. But those guys, I'm sure, are gonna be able to handle it amazingly well, so please tune into that too. Tomorrow morning, we got the sun pump space. Guys, it's cray... There's craziness going on out here. Alex, you are not kidding. There is so much cooking right now. It is wild. But appreciate you guys. Thank you for the support. Look out for the for the for the space with with with Robinhood. Again, either today or tom... Either tomorrow or the day after, but I'm really looking forward to it, and I appreciate all you guys. And, Chris, thank you very much. I'll see you guys later, man. Peace.