All Things Crypto: The $DXY Story

# All Things Crypto: The $DXY Story | 2026-06-23 | https://x.com/i/spaces/1kKzDDVYOyqJv | status: approved
# Speaker attributions verified via X captions, ECAPA voiceprints, and on-air handoffs where marked confirmed.

[0:01:19] Moni @monitalan: No music?
[0:01:22] NatNat @Natnatx007: Yeah. So I'm waiting for Dave to send me the music.
[0:01:27] Moni @monitalan: We should put Bad Bunny.
[0:01:30] NatNat @Natnatx007: Oh, you know what? You're right. We should.
[0:01:32] Moni @monitalan: It's like the craziest summer for New York, I think.
[0:01:38] NatNat @Natnatx007: It is. It is. I think... And if the Yankees win, I think it's gonna be an insane year for New York. No one's gonna sleep.
[0:01:48] Moni @monitalan: No one's gonna sleep. Amazing. Well, there's Brad and Ryan. Hey, guys.
[0:01:54] NatNat @Natnatx007: Yeah. Let me send them the... Every question.
[0:01:58] Moni @monitalan: So we... Since Dave's not here, we can say anything on it?
[0:02:01] NatNat @Natnatx007: I'm just kidding. It's hard because I I know people aren't used to the new formatting.
[0:02:09] Moni @monitalan: Yeah. Let me share that we're here.
[0:02:12] NatNat @Natnatx007: Yeah. I'm trying to add myself. I'm logging in from my personal account on the computer and then see if I can add myself in the... To the the space so I can share it. I'm gonna see all the script go. And I'm pretty sure Dave fell asleep. I won't be surprised if he did.
[0:02:33] Moni @monitalan: Well, I was on a call with Brad. So we were like, oh my god. We need to jump.
[0:02:38] NatNat @Natnatx007: Oh, yeah. Okay. Hold on. Let me bring it up here, see if we can can add myself.
[0:02:48] Moni @monitalan: We should talk all at prediction markets. There's so much happening. Not to steal away from GMPM.
[0:02:59] Moni @monitalan: Yeah. But yesterday was all prediction markets too. It was.
[0:03:03] Ryan @Rlad1776: Just bet the tie. Bet the tie. That's it.
[0:03:06] Moni @monitalan: Is it the tie? I'm so sad. I I wanted England to
[0:03:15] NatNat @Natnatx007: Oh, I can't hear anything.
[0:03:19] Moni @monitalan: I'm here.
[0:03:19] NatNat @Natnatx007: Oh, okay. Yeah. So my quantier, Ryan, figured out that when you... When you're paying the prediction markets and you bet the tie, the chances of you winning is actually greater.
[0:03:32] Moni @monitalan: Yeah. I knew that.
[0:03:35] Ryan @Rlad1776: And I did that all with my brain. I didn't need a BC bread PFP to programmatically create some quantum algorithmic AI humanoid bot.
[0:03:49] Moni @monitalan: But I think...
[0:03:50] Ryan @Rlad1776: I was... That was a slight break.
[0:03:52] Moni @monitalan: I know.
[0:03:53] Ryan @Rlad1776: Sorry, Moni.
[0:03:55] Moni @monitalan: You don't think England can win? They have twenty minutes.
[0:03:59] Ryan @Rlad1776: Yeah. I don't know. Like, I I... You know, I was kinda... I was hoping they would, Moni, but then Dave came on the Wolf space, and he said he was rooting for him. And so now I find myself, like, not wanting them to win. Is that weird?
[0:04:13] Moni @monitalan: That is weird. What does Cool say? I wanna see Cool.
[0:04:19] Landy @CryptoLandy: Yeah. I'm sorry. Prices are
[0:04:21] Ryan @Rlad1776: down to $3.19 in Houston. Let's go, baby.
[0:04:28] NatNat @Natnatx007: You know what's funny? Our area wasn't affected that much by gas prices at all.
[0:04:36] Moni @monitalan: Texas was a little bit... I mean, I saw them go up a little bit. Hey, Cole.
[0:04:44] Dave @DCBK2LA: Hey. What's up? What's going on? How you guys doing?
[0:04:47] Moni @monitalan: Good. We were asking, do you think England can win?
[0:04:51] Ryan @Rlad1776: I hope they don't win.
[0:04:55] NatNat @Natnatx007: You have money on England, Monica?
[0:04:57] Dave @DCBK2LA: No. The... I think the the
[0:04:59] Ryan @Rlad1776: the fans the fans are even worse than the the Knicks fans. So I definitely wanted to win.
[0:05:04] Moni @monitalan: I see the king. Somebody trusts as a king. I I I have a little bit. You know, I bet like nothing. I should not even talk about me putting any money in because it's ridiculous. But, yes, I have... Because I really thought England could win. It's good for Ghana if they tie or win.
[0:05:25] NatNat @Natnatx007: Yeah. So you... Did you guys... Go ahead, Ryan.
[0:05:28] Ryan @Rlad1776: No. I was just gonna say, so I was at Buc ee's yesterday, and, you know, they're playing down here in in Houston, and it's not that far away from downtown. And there was these English people in there, and I can't really do the accent, but they're like... But the the father's like... And there's little kids too. He's like, can you fucking believe this place? Like, it was hysterical. Like, we need a fucking Buc ee's in in England. And I was cracking up, dying, laughing. Like, the father was in... It was like it was like the dad went to the greatest store ever. You know, and then the kids saw the candy, and then they're like, yeah, dad. We need a... Well, the older one said, yeah, dad. We need an effing Wookiees in in England. Let's go. Like, it was really funny. Just kinda watching it all play out.
[0:06:26] Moni @monitalan: I just love how it's become a tourist destination. I also forget that a lot of people, I think, in the Northeast and other parts of the country haven't seen one. Right? And the only reason that somebody recommended it to me the first time was because of the clean bathrooms. I I used to drive a a lot around Texas. And I was like, why can't you tell me about everything else? The food is great. The... Like, the whole experience is so amazing. I'm like, really? Just the bathrooms? That's the only reason you don't need to come here?
[0:06:57] Ryan @Rlad1776: Yeah. And and Love's is is pretty good too. Just have
[0:07:00] Bread @_ToastMalone: Oh, Love's is the best. That gets my vote. Anytime I'm on the road, I always try to stop at Love's.
[0:07:05] Ryan @Rlad1776: Well, you know what? They they cater to, more of the trucker class, so they they absolutely want everything to be perfect in there. Right? Because, you you know, these guys are doing long haul, and they gotta they gotta take showers and all that kind of stuff. And I see your antlers to your point. I see you in Texas. While it might not be the South as you say, we do have the greatest road stops, Buc Ee's and Loves being the two. Because just FYI, Nat, every time I'm on a space with Deer Point, a macrospace, he tells me that Texas isn't the South. The only South is really North Carolina, South Carolina, and Georgia according to him. Just FYI. What? Yeah. So it's out there. It's in the ether. You guys do it it as you please.
[0:07:55] NatNat @Natnatx007: Wait. So North Carolina is considered South?
[0:07:59] Ryan @Rlad1776: Yeah. According to him. You know? And maybe even Virginia. He may even throw Virginia in there. Just... I don't know. And and and I highly recommend not letting him up here to defend his position. Can I just say that? I'm just kidding.
[0:08:15] NatNat @Natnatx007: Actually, you you mentioned shouldn't have thrown him a few. No. If...
[0:08:19] Ryan @Rlad1776: Like, your point is he's a brilliant dude. Like, he he... He's got a lot of macro stuff. I I know you know who he is, Matt. But, anyway, I I had to capitulate. I said, you know why we're not South Deer Point? Because while you guys were claiming South Ism in your bell balls, we were defending a border. That's why. So we couldn't plant the flag.
[0:08:48] Deer Point Macro @deerpointmacro: So, Day, I mean, now that you've recognized that y'all aren't the South, you know, it's it's fun.
[0:08:54] Ryan @Rlad1776: Yeah. I I I I... Look. I manned up. I capitulated. I mean, we were busy doing the important shit while you all were, like, dancing... You know, doing your dances and drinking sweet tea.
[0:09:07] Moni @monitalan: It's like Bronzeville. It's not South Texas because of the valley. But this... Is that the same kind?
[0:09:15] NatNat @Natnatx007: We shall see. We shall see. I mean, I think as a New Yorker, anything, like, down below is the I don't think Virginia is the South, But, technically, in theory, Deer Park is... Deer Park... Their point isn't wrong, I think, in terms of where the flags are. I think that's what he's trying to get at, that's his point. No?
[0:09:39] Deer Point Macro @deerpointmacro: No. I just think, like, culturally, I don't think that Texas is the South either. It's, like, much more like Southwest. You know? Like, I I mean, like, if you go to Texas, like, tea, grits, all those things, they're they're not, like, common. You know? It's not, like, southern culture. It's like brand culture. It's just in the Southwest.
[0:10:05] NatNat @Natnatx007: Gotcha. Fair point. Fair point. But I I did wanna welcome Dave. Dave, shout out to you for being late to your own show.
[0:10:15] Dave @DCBK2LA: So... Wait. Hey. This is the ATC show now. What do you mean? Like, y'all, this is this is you hosting now. What do you mean my show? This is our show now. Alright? So, technically, I'm not late to... I'm late to your show a little bit. My bad. But, you know, what's up, y'all? What's good?
[0:10:34] Ryan @Rlad1776: So, Dave, have you decided? Are we all things crypto or or or or all things capital markets?
[0:10:39] Dave @DCBK2LA: I think we might we might need to rebrand to all things capital markets. Also, I I gotta I gotta change I gotta change my PFP.
[0:10:49] NatNat @Natnatx007: Yes.
[0:10:50] Dave @DCBK2LA: No no more duck. That's it. The duck is the duck is done.
[0:10:54] Ryan @Rlad1776: Are you are you doxing yourself?
[0:10:56] Dave @DCBK2LA: I mean, I've been doxed for
[0:10:58] Ryan @Rlad1776: No. I mean, like, truly,
[0:10:59] Ryan @Rlad1776: like, are you gonna have, like, a are you gonna have, like, a dorky picture like me? Like, are you coming out of the closet?
[0:11:05] Dave @DCBK2LA: Have have you not literally looked at anything on my profile? I literally livestreamed this morning. I know.
[0:11:11] Ryan @Rlad1776: But but but the PFP, like, are you gonna are you gonna sync them all up? That's what I wanna know.
[0:11:16] Dave @DCBK2LA: Yeah. I got... I I gotta make it myself, I think, now. Yeah. No more no no more duck. That's it. We don't know when the Wallchain account is coming back. I'm now on a case by case kinda space by space basis. And, you know, once the once the check stop, you know, I'm for hire out here. So if anybody out there, you know, knows anybody that needs a little that needs a little little promo, a little help out here, you know, holler at me. The duck is done. And... Yeah.
[0:11:49] Ryan @Rlad1776: So I just ran I just ran that that report I talk about every now and then. I do it every couple three weeks, and I look for... It's about the... I try to filter it so that it's about 3,000 companies. And there are now almost 850 jobs specifically related to crypto within
[0:12:12] NatNat @Natnatx007: There you go.
[0:12:13] Ryan @Rlad1776: 3,000 publicly... Or publicly and private companies, but sizable. Right? Some are start ups, you know, 10,000,000. I I try to keep it more than 10,000,000, but, you know, like, get on it, brother. You could do that. You should have taken that director of marketing job at AVACS.
[0:12:35] Dave @DCBK2LA: Nah. They were they were looking for somebody a little different, bro. Like, if you don't think if you don't think I didn't apply, for sure, but it wasn't a... I wasn't qualified for that role, bro. Really? It just wasn't the case. Yeah. Yeah. Yeah.
[0:12:47] Moni @monitalan: There are also a lot of these crypto projects... And the only reason I bring it up because a friend of mine is is also looking... She's on the finance space. They look for super junior people. They're, three to five years experience. And I was like, this is why we don't grow up dudes. We need to find... To add more senior kinda experienced people, I think.
[0:13:07] Ryan @Rlad1776: No. You're absolutely right. Like, my... Both my boys went through this shit when they were looking for internships. Like, all the internships out there were, like, must have, you know, one to three years of experience. My kids are looking at me and they're like, how the hell would I get experience? I'm in college. You know, you you gotta be willing to kinda take a flyer. So... But there's... The the the number of roles are increasing, Dave, in in the in the public and private sector. So you should be scouring, dude. Like... Because you would be a you'd be a benefit anywhere you got you got brought on by.
[0:13:44] Deer Point Macro @deerpointmacro: And and, Ron, what I've noticed is, like, Circle is hiring a lot in North Carolina. But, like, all of these... And I'm not, like, a d five person, but, like, all of these companies won't, like, trap five people to come and work for them. Right? Like, I I was looking, like, through Circle's trading team, and, like, a lot of them were, like, ex Goldman or, like, JPMorgan,
[0:14:08] Deer Point Macro @deerpointmacro: and then, like,. And so that's that's actually been, like,
[0:14:11] Deer Point Macro @deerpointmacro: kind of interesting to see.
[0:14:14] Ryan @Rlad1776: Wow. That that kind of in... Yeah. Well, I guess they're they're taking what they have axe... They're taking the approach that let me find somebody who knows how to trade or who knows how to interact with the financial markets, and I'll teach them the technology, which I think is a big leap versus let me find somebody with the technology experience and let them
[0:14:42] Moni @monitalan: kind of how to wear suits?
[0:14:43] NatNat @Natnatx007: Yeah. Just
[0:14:44] Ryan @Rlad1776: kidding. Pretty much. I mean... Yeah. But I don't know. So circle's hiring big in North Carolina. Once again, North Carolina wins. Goddamn it.
[0:14:53] Deer Point Macro @deerpointmacro: Yeah. I've seen a a ton of, like, their stuff, like, on LinkedIn and, like, you know, like, even if you just, like, scour the credentials, it'll be, like, you know, five years previous experience in, like, investment banking or capital markets. And then, like, I was on Bloomberg, and I was, like, looking at some people who were working there that were at least on Bloomberg and, like, you know, then just, like, looking at them on LinkedIn, and they were all, like, x Goldman or JPMorgan or, like, Citigroup, like traders. And I was just kinda surprised to see that, like, a lot of those companies were hiring so heavily.
[0:15:31] Ryan @Rlad1776: Well, Dave, you got... I mean, you you were a market maker. Right? I mean, how many years on Wall Street do you have? Thirteen. So there you go, brother. Like
[0:15:41] Dave @DCBK2LA: Yeah. You know what you know what I'm looking
[0:15:42] Ryan @Rlad1776: It's all about brilliant presentation, man. Come on. Let's go.
[0:15:46] Dave @DCBK2LA: No. You know what I'm looking at now is, like, market making for prediction markets. Right? Because I see all of the former, like, market makers that I used to, like, compete... That were, like, my competitors that were in the box, right, on on the level three that were essentially registered, like, FINRA registered market makers. A lot of them, Susquehanna. I see Jeffries out. Like, a lot of them getting into the prediction market space. And I I I need to do a little more homework because I don't know if, like, prediction mark... Like, do you need to be series, like, FINRA registered for for prediction markets? Do you guys know off chance or no?
[0:16:26] Landy @CryptoLandy: It's the wild West over there right now. But if you're gonna be with a company that is making markets there, you will need your FINRA. Can get exams up to date. So just gonna depend on which ones they want.
[0:16:39] Dave @DCBK2LA: Right.
[0:16:40] Bread @_ToastMalone: Yeah. I think there's a huge opportunity in lending protocols specifically for PUSD and for the prediction market. So, essentially, like, who's gonna be the first PM bookie? You know? And, like, yo, I'll loan you a $100 to go bet on the World Cup games, and, you know, you're gonna owe me a 150 back in two weeks or we're gonna, you know, maybe, break a niece.
[0:16:59] Dave @DCBK2LA: I literally was looking today also. Like, Landy, also, if you look, there's prop shops setting up now. Right? Like, for prediction markets where it's like, hey. We'll give you money to be able to, like, make predictions. And it's something I I saw, I think, yesterday or today. And I'm like, this could be very, very, very interesting.
[0:17:18] Landy @CryptoLandy: So actually registered prop shops, though. See, this is the problem, and there's there's a lot of props, and they're just unregistered Mickey Mouse ass props. They're not
[0:17:27] Dave @DCBK2LA: Registered with who?
[0:17:28] Landy @CryptoLandy: You gotta register... If you're gonna be a legitimate prop here in The United States, you need to register with all of the regulatory bodies, including FINRA.
[0:17:37] Bread @_ToastMalone: For Well,
[0:17:38] Deer Point Macro @deerpointmacro: no. It depends. If you're on the buy side, you don't have to.
[0:17:42] Dave @DCBK2LA: But not
[0:17:42] Landy @CryptoLandy: No. No. I... I'm talking about, like, actually... And and I agree to your point. You're... You are correct. But my point being is I don't look at any of the ones that are unregistered as being reliable, sustainable, or around next week, essentially.
[0:17:59] Dave @DCBK2LA: Yeah. I mean, I still think at the end of the day, regardless if if... I don't know. I'm... It's just something that I'm that I'm keeping an eye on.
[0:18:09] Landy @CryptoLandy: Did you check to see if your licenses were parked?
[0:18:13] Dave @DCBK2LA: No. They're not.
[0:18:14] Deer Point Macro @deerpointmacro: They're not.
[0:18:14] Dave @DCBK2LA: Yeah. Sucks. They are not.
[0:18:17] Landy @CryptoLandy: I mean, you've already gotten them before. What did you have? Series 6, series 79?
[0:18:22] Dave @DCBK2LA: What do
[0:18:22] Moni @monitalan: you have?
[0:18:23] Dave @DCBK2LA: Had 7676355.
[0:18:26] Landy @CryptoLandy: Okay. 76355. Okay. So, honestly, I mean, you could study at home and take those tests again. Like, they're not they're not that crazy. It's just
[0:18:39] Dave @DCBK2LA: If presented the right opportunity, then maybe, but I'm not trying to take the series seven again, bro. Are you kidding me? I'll... I mean, unless there's an opportunity
[0:18:48] Landy @CryptoLandy: It's a pain. It's a pain. But but, realistically, if there's an opportunity to make, you know, $152,100 grand a year, you... Why pass that up if it's just a test
[0:18:58] Dave @DCBK2LA: of luck? Percent. Yeah. I'm with you. That that... That's a fact for sure.
[0:19:02] Ryan @Rlad1776: I think you guys gotta think a little further outside the box and create a... The collections consultant group. And that's just a bunch of
[0:19:13] Dave @DCBK2LA: What do mean?
[0:19:14] Ryan @Rlad1776: Johnny Goombas that go and collect from everybody. Like, that's where the real money is. Just saying.
[0:19:22] Deer Point Macro @deerpointmacro: So, like, the mafia rhyme? Is that
[0:19:24] Ryan @Rlad1776: No. I would never use that word, but I gave them a very proper title, collections consultants.
[0:19:31] Landy @CryptoLandy: Look. You can also work under somebody else's licenses. If they have licenses and... You already know this, Dave, but you're just not gonna get paid as much. That's that's the big thing.
[0:19:40] Dave @DCBK2LA: Yeah.
[0:19:41] Deer Point Macro @deerpointmacro: Yeah. Or just go to the boss side, but I'm not sure how large Arkansas are on the boss side.
[0:19:47] Dave @DCBK2LA: That's that's the thing. That's what I think a lot of people are looking for now is, like, the... Remember, like, how institutional sales or how institutional sales is a big deal, right, like, Wall Street? I think a lot... This is what I see a lot on LinkedIn of... And and, Mone, I'll I'll come to you right now, is a lot of, like, buy side institutional sales got, like, roles that are out here, like, looking for, hey. Like, do you have relationships with investment banks or other market makers? Or... You know what I'm saying? Like, that's what I'm seeing a lot of jobs for. But... Yeah. Moni, go ahead.
[0:20:24] Moni @monitalan: I also think... And I thought, Randy, this is... Or Ryan, this is where you were going. I also think we should, like, also step back and look bigger. I don't... I mean, we saw Meta today and announced that they're building Arena. I... I'm sure, Randy, you have a lot to say on that or to share there, I hope. And I... Actually, I don't know if you can. But, also, I don't know if you guys saw the Washington Post story. It's behind the paid wall, but it's a really good read. So I'll send you guys the article separately. But it talks about prediction markets and elections and how valuable they are in elections. Because even if they're not a 100% accurate, they're providing the right perspective and they actually... For some information or data are better than than pools. Right? So it's really a great read, but I think we need to look beyond... There's just so much happening in production markets that I think you could look at different areas.
[0:21:19] Ryan @Rlad1776: No. You're you're 1000000% correct, Moni. I mean, I think... And this is going back a bit, so don't quote me on the number. But I think it was, like, almost $2,000,000,000 in partnerships or or money exchanged from, like, Fox, CNN, MSNBC, you know, all the big news organizations that partnered with Calci, Polymarket. Right? Because, like, at the end of the day, you know, people bet with their money. Right? And so that helps them then kind of zero in on the news stories and how... Particularly how they should be covering. Now whether or not they'll they'll do that or not is is a very different scenario. But, like, that that... That's big money. I mean, that... That's significant in just four or five deals that I think I saw signed.
[0:22:18] NatNat @Natnatx007: Yeah. Agreed. And I I I think the whole prediction market narrative, I think, is just getting started. I can see a lot of companies... And that's where the money is at too. Right? We're seeing a lot of company gravitates to where the gravitate to where the money is at. And so I could see a a few other companies doing something similar. But while we're on the prediction market conversation, did you guys see Polymarket's new ad, questions, everything, and eventually, you'll get an answer? I thought that was brilliant how they brought in, you know, they brought in soccer, football, and then they brought in, like, different cultures and people from different places. I thought that was brilliant. Did you guys see it?
[0:22:51] Moni @monitalan: It's an amazing ad. You should share it. I'll put it up. It's so good.
[0:22:59] NatNat @Natnatx007: Yeah. So I... Go ahead. Is it
[0:23:01] Bread @_ToastMalone: is it a real ad, though, or is it a fake ad they're using?
[0:23:06] Dave @DCBK2LA: Touche. Touche. Touche.
[0:23:09] Moni @monitalan: Why would it be a fake ad? Yeah. She's just being silly with the whole fake website.
[0:23:13] Bread @_ToastMalone: Yeah. Yeah. Poking poking Polymarket because they're paying a bunch of people to have, know, the fake PNL and all that stuff.
[0:23:22] Moni @monitalan: But I do... I did wanna ask. So is Meta launching a a production mark at the top? I'm kidding. You know how they did with the metaverse?
[0:23:30] NatNat @Natnatx007: We were just talking about that on the Wolf Spaces earlier today that Dave chimed in on. He came in with all things crypto, and he was a call host. Beautiful, beautiful moment. I know Landy has some stuff he wants to say about this. My brother, the mic is yours. Go ahead, Landy.
[0:23:49] Landy @CryptoLandy: Remember how Meta got really involved in VR and then the whole VR market collapsed, and
[0:23:54] Landy @CryptoLandy: then they were like, you
[0:23:55] Landy @CryptoLandy: know what? How about... This is when it was still Oculus, by the way. And then they were like, you know what? This metaverse thing is pretty cool. And then they got involved in the metaverse thing, and then that all collapsed....
[0:24:06] Moni @monitalan: Their name. They changed their name.
[0:24:08] Landy @CryptoLandy: They literally changed their name of their company, and then the metaverse thing completely imploded in on itself. So what I'm trying to say is, essentially, Mark Zuckerberg is Nat Nat and Landy... Is the Nat Nat and Landy of Infofy.
[0:24:28] NatNat @Natnatx007: And according to Shiv in the comment section, it's the Dave of vaulting. I don't know if you saw that...
[0:24:35] Dave @DCBK2LA: Now I got jokes. I got jokes.
[0:24:38] Bread @_ToastMalone: So wait. Can I make predictions with my meta Ray Bans or not?
[0:24:41] Landy @CryptoLandy: Well, only if you're gonna make predictions about snap glasses.
[0:24:51] Landy @CryptoLandy: That's a 100% winners.
[0:24:52] Dave @DCBK2LA: Yeah. By the You got jokes you got jokes, Shiv? You got jokes, Alright.
[0:24:57] Landy @CryptoLandy: Yo, Shiv. Good job.
[0:25:01] Ryan @Rlad1776: Sorry. That was a little late. I don't know how to use the soundboard.
[0:25:04] NatNat @Natnatx007: It's okay. Me too. Are you on the computer or on the laptop, or are you your phone?
[0:25:10] Ryan @Rlad1776: No. I'm on my phone, but I didn't know which button was the oh.
[0:25:14] NatNat @Natnatx007: Yeah. I mean, what's very interesting about the arena is that they're they're... They have it set up or they're going to set it up, in a video game style for points. Do we think that that's gonna be a hit or a miss? Another miss?
[0:25:30] Bread @_ToastMalone: I mean, points is working great for abstract. Right?
[0:25:35] Landy @CryptoLandy: What's
[0:25:35] Dave @DCBK2LA: the winning today?
[0:25:37] Landy @CryptoLandy: Man, so everything's made up and the points don't matter. That's literally a whose line is it from Drew Carey that he made very popular. Obviously, it was being used before then, but it is so accurate. Everything's made up, and the points don't matter. Hey. Let's make a leaderboard leaderboard where you're all getting points, and then we'll just pick who we're gonna reward not, and then we're gonna have side deals and bets in the background and all kinds of crap going on.
[0:26:06] Bread @_ToastMalone: Well, we... Where there'll be a liquidity pool of points then? Is that what we're dealing with here?
[0:26:11] Landy @CryptoLandy: Well, if you're willing to LP the points pooled, it's put... There's the potential that you could get into the TGE at half of the price. How about that?
[0:26:24] Bread @_ToastMalone: I'm gonna market make the hell. I'm gonna I'm gonna get so many points, and then I'm gonna market make with my... Be my points and hopefully get the Poly airdrop somehow through Meta.
[0:26:34] Ryan @Rlad1776: You know, I have a I have a, I guess, an IRL experience of of this, and I literally still have them. And my my boys are 24 and 22. From when they were seven and six, I have, I think, somewhere in the neighborhood of, I don't know, 5,000 Chuck E. Cheese tokens that I still haven't cashed in.
[0:26:58] Landy @CryptoLandy: Bro, what That's kind
[0:26:59] Ryan @Rlad1776: of what this all sounds like.
[0:27:01] Landy @CryptoLandy: Your Pepsi points?
[0:27:02] Ryan @Rlad1776: You know what I'm saying?
[0:27:02] Landy @CryptoLandy: Did you ever redeem all your Pepsi points? There was a class action lawsuit about that, by the way.
[0:27:08] Ryan @Rlad1776: No. I... You know what? I probably still have some of those.
[0:27:11] Bread @_ToastMalone: I never got my Jet.
[0:27:12] Ryan @Rlad1776: I literally literally have
[0:27:15] Ryan @Rlad1776: 5,000 Chuck E. Cheese coins.
[0:27:17] Landy @CryptoLandy: No. The jet. The jet. For those youngins out there who don't know about the Pepsi offering up a jet, and the dude actually bought enough Pepsi, or he bought the points, like, outright. Right? And then he's like, give me my jet. And they were like, no. And they went to court. Please look that story up if you don't know it. It's pretty hilarious.
[0:27:37] Bread @_ToastMalone: Oh, it literally, like, rewrote, like, the legal handbook for all of PepsiCo Global. It was something that, like... Yeah. I became very familiar with over there. And working with the legal team when I doing all of the crypto NFT stuff for them, they're like, oh god. You remember the jet. Right? We can't have that happen again. This is... Or NFTs and a jet, and we can't do that. It's wild.
[0:27:56] Landy @CryptoLandy: Yo. It is so... It it it literally rewrote contest law and and, like, nationwide. It was it was Pepsi. Good job, Pepsi. You wrecked it for everybody.
[0:28:09] Ryan @Rlad1776: I will say, though, that back back in the day when I smoked, Marlboro Miles... Like, Marlboro did it right. Like, you got a catalog You could you could trade it in for... You know, use all your Marlboro Miles, and you could trade it in for, like, pretty cool stuff. I'm just
[0:28:25] Landy @CryptoLandy: saying Alright. I'm gonna
[0:28:26] Ryan @Rlad1776: There there...
[0:28:27] Landy @CryptoLandy: I'm gonna have to admit
[0:28:28] NatNat @Natnatx007: something here.
[0:28:29] Landy @CryptoLandy: We we have we have a Marlboro we have a Marlboro golf cart in the family because of Marlboro points.
[0:28:38] Ryan @Rlad1776: Yes. Yeah. Like like, it... Like, they did it right. Like, if you signed up, you got a catalog. It was like getting a Sears catalog.
[0:28:45] Bread @_ToastMalone: Oh, yeah. My scumbag uncle has the dopest jean jacket still, and I want it so bad.
[0:28:51] Deer Point Macro @deerpointmacro: Yeah. Philip Morris is still pretty good about the points that are on.
[0:28:58] Ryan @Rlad1776: Yeah. Well, I've... I had to I had to do another thing that my wife told me I couldn't do. So I So now think about it anymore to your point. They're saying Yeah.
[0:29:08] Landy @CryptoLandy: Smoke them trees instead, baby.
[0:29:11] Deer Point Macro @deerpointmacro: Well, they have, like, the ZenPoints now. Right? I mean, still same parent company. It's Philip Morris. But...
[0:29:17] Landy @CryptoLandy: Yeah. I mean Wait. I can redeem these? They're actually worth something?
[0:29:20] Deer Point Macro @deerpointmacro: Yeah. The ZenPoints, can, like, redeem for, like, a Traeger grills and shit. Yeah.
[0:29:25] Landy @CryptoLandy: What have I been doing? Holy crap. Well, thank you for that, dear point. I appreciate the alpha.
[0:29:30] Ryan @Rlad1776: That is awesome. I love it. Landy missed something.
[0:29:33] Landy @CryptoLandy: Yeah. I had no idea. This is the greatest day ever.
[0:29:38] NatNat @Natnatx007: You guys know me. It's so so funny. I had no idea about the the Marlboro points. I don't think... I've never been a smoker, but I remember I remember one of my friends, her mom was collecting points many, many years ago, but this was a while ago. No? It's a long
[0:29:55] Landy @CryptoLandy: time ago.
[0:29:56] Ryan @Rlad1776: Yeah. Oh, yeah. This is this is, like, nineties. Right? You had to rip the the u u u... Yeah. Whatever the the thing is off the side of the the the pack. Right? And you had to save them up, and then you had to send them in. I'd love to... I I I always wondered who the hell was counting them all. But, anyway, you know, you could trade them in and, yeah, you could get some really cool shit Stuff. Sorry.
[0:30:20] NatNat @Natnatx007: Yeah. Fines are racking up. Sorry. Ka ching.
[0:30:23] Ryan @Rlad1776: Sorry. Wait.
[0:30:24] Deer Point Macro @deerpointmacro: Wait. So, Ryan, you're a Pepsi guy?
[0:30:28] Ryan @Rlad1776: No. No. No. I I don't drink soda, but
[0:30:31] Landy @CryptoLandy: if I give you... I missed opportunity to say, no. I'm a Coke guy. And just let us all speculate on what kind of Coke it is.
[0:30:39] Deer Point Macro @deerpointmacro: Well, no. I was gonna say if he's a Pepsi guy, obviously, furthering my point that he's not a true southerner, but he he said he he preferred Coke. So
[0:30:48] Ryan @Rlad1776: Yeah. Yeah. I got I got I got your number I got your number, dear point. All these leading questions. Yeah.
[0:30:55] Bread @_ToastMalone: Yeah. Yeah. If he's really Southern, it's all called Coke.
[0:30:57] Deer Point Macro @deerpointmacro: Yeah. Exactly. Okay. Mayonnaise. What kind of mayonnaise do you use, Ryan?
[0:31:07] Ryan @Rlad1776: Whatever kind my wife puts on my side.
[0:31:09] Deer Point Macro @deerpointmacro: No, dude. It's Duke's, dude. It's nothing but Duke's.
[0:31:13] NatNat @Natnatx007: That's that's a great answer, Ryan. But I I do have another story, and I think this one's gonna be very interesting. I don't know if you guys see it on your timeline, but the talk of the town or the talk of the day has been DXY. Right? We're seeing how DXY kinda broke out of that massive base that it has been forming. And why is this significant? Right? Because it affects market. It affects both equities and and and and in in some ways crypto too. Right? So it's coming up at a very interesting area. We saw how it ripped... It moved above one zero one and mark... And equities gap down. And when it tried to break break out earlier, we saw a lit... A small little flush in equities as well. So I think it's gonna be very interesting to see how it all plays out. But I think... I do think if we see the DXY start to hit above $10.03, I think we're in trouble. What what we would like to see in order for the melt up to continue within markets is for equities to break down below that one zero one level. But I'm curious to know what what what do
[0:32:17] Moni @monitalan: you guys think.
[0:32:20] Landy @CryptoLandy: Can I can I pose the question that I was? Not really a question, but a thesis Yep. That I explained earlier on Wolf Bitcoin and then transfer that over and explain to David. Now one of the things that we're seeing right now that I think a lot is confusing a lot of people in the market is that oil is down, Dixie is up. Typically, Dixie and oil are fairly correlated. Right? Not one not one to one on the daily typically, but oil is down pretty pretty heavily, and Dixie's been trending up. Nice structure on the daily, tagging each each resistance, coming back down to support, and then pushing on to the next area of interest. Now between that big area that you and I were talking about in some of the chats, the one zero one to one zero two. Of course, one zero three being the major major area overhead to really pay attention to. But I have been looking at kind of what's been going on in the bond market. It's good thing Deer Point's here because I think he understands this stuff and can maybe explain a little bit better than I can as I'm just kind of forming my thoughts about this. But if we continue to see oil low and Dixie continues to to take off to the upside, a few things. One, I think that it would be a less severe correction as we're starting to see rotation within the markets, obviously, with Dow kinda taking the lead on the day, and we've seen a little bit of a rotation starting earlier this week and now kinda following through to to today's session. But if we continue to see oil on the lows and hanging around those lows, but Dixie continues up, we will eventually hit that point where if it stays in these areas, elevated Dixie, low oil, later on this year, I think, Warsh gets the opportunity to actually cut. Whereas if we see a nice strong Dixie, be careful. It's not indicative of the direction of oil as it approaches a very key support level around 68 to 72 that it keeps tagging and teasing. And if it begins to bounce while Dixie's up and we get continuation on Dixie to the upside, we're not in for a good ride in equities and definitely not in crypto, at least if you are positioned poorly, which also would lend itself to the speculators saying that that being very, very hawkish with their take on Warsh's words and the outlook on the economy. I'm not seeing what they're seeing unless we, of course, get some more turmoil in The Middle East. Of course, then oil speculators drive the price up and any substantial flow stopping through the straight. And then we could potentially find ourselves in a scenario where we have strong oil, strong Dixie, and, of course, getting equities coming down for a larger correction, which would likely lead to core metrics remaining elevated, hotter and hotter CPI prints. Although, we might get a cooler one because of the falling prices in the next read, but it's gonna be an interesting time period. So what I was basically saying was now is really the time you that do wanna pay attention. A lot of people go away for the summer, and they're not really paying attention to what's going on. But you do wanna keep your eye on oil, Dixie, the bond markets, and kind of how that relates to what's going on in equities markets and where the money is actually flowing. Because if we do see the bad portion of that scenario, you know, the summer is probably not gonna be great, but neither would the fall until maybe we get some relief in in terms of some financial engineering, but we shall see. Because what... I don't know what what kind of new spending is even coming up. I I know that there's not much moving through congress right now, so it'd be more of... If they have to pull pull some sort of emergency out of the Fed, if something like that did occur, strong Dixie and strong oil at the same time would not really be good.
[0:36:41] NatNat @Natnatx007: Yeah. Agreed. And I'm not sure if if their point wanted to chime in on this as well.
[0:36:49] Moni @monitalan: No?
[0:36:52] Ryan @Rlad1776: I show him as a listener, Nat.
[0:36:54] NatNat @Natnatx007: I see him as a speaker on my end. It could just be me. I'll send... I'll...
[0:36:59] Landy @CryptoLandy: Yeah.
[0:37:00] NatNat @Natnatx007: Yeah.
[0:37:00] Landy @CryptoLandy: It's just... It's it's one of the things that I'm really watching as equities kind of squeeze into... Well, I think on the daily, and you can correct me if if you think I'm wrong on this, but, you know, we're starting to form a range at the highs on spine. Every time that we've done this... Just about every time that we've done this in recent history, we start getting those larger corrections we chop around. If we don't go for the full correction, we chop around, make slightly new highs, kind of, you know, screw around for a period of weeks before we actually get the larger correction. You can look right back to the '6 the 697, 698 run up and that consolidation at the highs before the larger correction down. And you can overlay, of course, where oil and where Dixie were when we started to actually get that acceleration to the downside for the larger correction. So right now, what we're seeing is the... We're seeing that they're moving in opposite directions, so they're uncorrelated. And for the audience that maybe doesn't track this stuff, if you see that Dixie is strong and we get that that bounce and we recover specific areas that, you know, I would say above $85 a barrel for oil, we're looking at markets probably tumbling with a strong dollar in that direction. But if we do if we do see lower levels, I would say oil sticking around the 70 to 80, maybe maybe dipping into the upper... I'm sorry. The low eighties and and upper sixties and kinda staying there with a strong dollar, barring some corrections here and there, it would give the Fed an opportunity to actually factor in some cuts maybe this year where right now that's not really the read that many are getting, including myself, from some of the economic data.
[0:39:01] Ryan @Rlad1776: So, Landy, this is what I I keep bouncing around in my head. And sorry, Dave. I know this is going kinda macro nerd, but I keep bouncing this around in my head. So you had oil, at at, you know, just really, really, really high prices. Right? And the Dixie was not this elevated. But at the end of the day, oil transactions are settled in US dollar... USD. Right? Now you've got oil prices lower, and you've got the u... The dollar, the Dixie Yeah. Which... You know, at the end of the day, the Dixie is really not... I mean, it is, but it's not true... A true representation because it's it's only a basket of currencies. But let's just go with Dixie. You've got Dixie strong and oil down. How much of this from a macro standpoint is the world or or the financial... The global economic world realizing that we are now the world... The... Like, the energy superpower. Like, the world has been reordered.
[0:40:13] Landy @CryptoLandy: So one of the one of the reasons why you're likely... Look. The the dollar and oil connection is very, very strong. Right? So one of the reasons why you're seeing... What we're seeing now is because the trade into the dollar to buy oil. Right? And and we don't really know what's happening with these unsanctioned funds. Now we're finding out as of today that they're gonna be used to buy US goods, The US is controlling those funds, at least as far as we know. Again, everything with a grain of salt. So we we know based off of that EU deal and the push forward that those contracts got signed out of the the Gulf Of America. Right? There was a whole bunch of... By the way, the April tenth of this year, EU basically moved forward with the energy agreement with The United States. Now although it wasn't fully approved, they advanced it. But through that advancement, what it allowed buyers to do is secure contracts, and they're securing long term contracts with, you know, essentially, this... Primarily the Southern states in The United States, primarily Texas, to get oil from The US. And that's when we started to see the Congo line of VLCCs heading to The United States. And one of the things that we're seeing now with the lower prices, you get a stronger dollar to come in and buy that lower priced oil to try and make up for some of the demand destruction and draining of reserves that we've seen throughout Europe and Asia. So my point... The point is there is a a... There is an albatross out there that you need to be aware of, and that is that even the perception of the straight closing, real or not, does not matter. It will raise oil prices. And when you have a strong dollar, that is going to be furthering a risk off move because a a strong dollar is creating a risk off anyway. That's what you're already seeing in markets right now. And the breakout and recovery of a key level overhead, one zero one to one zero two, especially any closes above there. If we start to see oil bounce, not good for risk assets, essentially. We're seeing that rotation. We've seen, you know, some some bond buying and and treasury buying as well. So it's about does that persist, and does oil stay low, or does it bounce along with Dixie on the way up? And that is something that I would be watching. So it really is kind of up to up to you to form your own thesis on kinda where that is. But, realistically, you can just look at the dollar as a vector. Stronger dollar, typically, things are gonna be rotating risk off. Right?
[0:43:04] Ryan @Rlad1776: Right. Looks like the point's back up. Yeah. And I... But the last thing I'll say on that is, like, know I brought this up yesterday about the cost of extraction and the cost per barrel and how more efficient we're getting. But now I'm realizing your point that you were trying to make yesterday, which is kind of the Goldilocks. Right? So oil per barrel between 70 and, let's say, 8. Yeah. Yeah. And and... But in exchange for that, the Goldilocks is 70 to 80, and the Dixie comes down to, let's say, 98, right, ish, somewhere in that area.
[0:43:49] Landy @CryptoLandy: You'd probably wanna add a 100 or under. Yeah. Somewhere around Yeah.
[0:43:52] Ryan @Rlad1776: Yeah. Like... So somewhere in that area. Right? I mean, that... That's what I'm trying to get. That's the point I'm trying to make. Then things are suddenly stabilized. Yep. And I'm just wondering, like, is this the world economic environment kind of rebalancing? Because, you know, the the taking of the straight and, you know, how this is gonna ultimate... We know how it's gonna ultimately end up. And and removing that choke point from the world effectively changes the the calculations everywhere. Right? From insurance to... Like, just all over the place.
[0:44:27] Landy @CryptoLandy: Well, insurance already dropped. Right? So insurance dropped almost immediately. Came down a few percentage points for for the war risk side of the insurance trade because, yes, insurance is traded as well. But the the biggest thing here that I would say is the reason why I was talking about that 70 to $80 kind of being one of the Goldilocks zones, not the Goldilocks zone because we could... Theoretically, we could live in the 55 to 65 range just fine for The United States. But we're also assisting South American countries like Venezuela where it's in rebuild phase and that cost needs to be made up. Also, it needs to... The extra processing out of Venezuela. So... Yeah. But to your point, go ahead, man.
[0:45:18] Deer Point Macro @deerpointmacro: Yeah. Sorry. So I think on the the Dixie. Right? And, I mean, I I don't watch the Dixie a whole lot personally. Like, I kind of look more at, like, individual payers, but, you know, the Dixie... 60% of the Dixie is essentially the euro. Like, another 14% is the yen. You have, like, another 10 to 12%, which is the pound. And then, like, CAD and, like, I think there's one other sprinkled in there. I I wanna say the corona. But, like, all that to be said, I I think if you want to figure out the direction on the Dixie, you gotta figure out what are going to be the continual drivers of where we're going from here. So, you know, over the past couple of months, really until recently, most of that has been coming from the yen. Because, you know, not too long ago, the euro was at one twenty. It was really, really, really strong against the dollar. And so going forward, I guess the real question of, you know, if you're going to try to figure out what's going to end up happening with the Dixie, the question would be, well, what's going to happen with the euro? I I don't think that there's a whole lot left... A whole lot more room left for the dollar to continue to strengthen against the yen. The Japanese are intervening again. You saw that last Friday. There was a blip up in the yen. And so I I think that $1.65 level is just kind of where the, on on the yen will be where the MOF continues to intervene. And so it's kind of hard seeing it getting above that sustained. So the big question, again, is the euro. And I think that the euro has been too strong so that the euro should probably come back down, should probably be between, like, you know, somewhere between $1.10 and $1.12, I think, is most likely justified. And, you know, now we're not too far from that. And euros, you know, slightly down currently in in future trading. But for me, I think the largest kind of continual upside in the DICK'S is probably going to be driven by, you know, weakness in the euro if that continues to materialize. And so I think that that's what people should be really watching is where's the euro going. Because like I said, I don't think that there's a whole lot room left to the upside, for the dollar against the yen. I think that there's probably some strength as well against the pound. But, again, just given the weighting, the vast majority of that driver is going to be the euro. And so I think that that's where people should be looking. And I think, essentially, what we've actually been seeing with the Dixie as well, and I think, Landy, you were touching on it's just been that rotation. You know, this worry around the AI bubble. You had risk off. You had treasuries get bid. You had the dollar get bid. And so that's really going to be kind of a... I I think another theme is are you going to kind of continue to see this rotation of capital back into treasuries and the dollar? And if so, you know, that's gonna be outflows for the Europeans, which is going to weigh on the euro. And so I think that's gonna kinda be the main driver is what's happening with capital flows globally. Less worried about interest rate differentials because, you know, the Bank of Japan moved. Didn't do a whole lot to help the Japanese. Didn't do a whole lot to help the yen. Now the anticipation of the ECB moving again didn't do a whole lot to help the euro. So less focused on interest rate differentials now, more focused, I think, on on capital flows, and that's that's the real story of of the next move up in the Dixie. But I I remain relatively optimistic on the dollar at least in the short run.
[0:49:17] Ryan @Rlad1776: And and and, you know, as it relates to all things crypto or whatever, like, the the issue here is is the more risk off this capital goes, the let... You know, it it... You know, the less capital is out along the risk curve. Right? So that's why you wanna be really careful. I know this stuff sounds dry and and... Or, you know, maybe it doesn't peak your interest. But at the end of the day, like, when it's risk on, it's because all of these things have come back into line and and, you know, people feel more comfortable. So I don't know. I I don't know why I feel like I'm... I have to justify this conversation be... Because it's a great one. I love it, but just be careful is is, I think, the... At the end of the day, what everybody's saying. Don't I know if you guys echo that.
[0:50:15] Landy @CryptoLandy: But How does Dixie affect my dead NFTs? Is it gonna go... If Dixie go down, will my dead NFTs come back?
[0:50:24] Ryan @Rlad1776: That's No. There's nothing down. Like, there's nothing that the Dixie can do to help that shit show, Mandy. Like, I mean, toilet paper. I I don't know what to tell you. Print them out.
[0:50:37] Landy @CryptoLandy: You're saying I should buy I should buy toilet paper, guns, ammo, and land? I'm confused. No. No. Did I get in all the wrong things? I got all these
[0:50:47] Ryan @Rlad1776: No. No. No. You got in all the right things,
[0:50:48] Landy @CryptoLandy: but you need And on the blockchain.
[0:50:50] Ryan @Rlad1776: You need chickens and cows. Okay? Chickens for the eggs... Or hens, really, for the eggs, for the protein, and then, you know, also cows for the milk and the the beef.
[0:51:01] Bread @_ToastMalone: I don't have any chickens, but I got these duck JPEGs. I mean, are
[0:51:04] Kantorcodes | ℏol/acc @Kantorcodes: are those are those worthy?
[0:51:05] Landy @CryptoLandy: But I don't think I mean, do they produce with these.
[0:51:08] Ryan @Rlad1776: Alright. There's an idea, Brad. Create a duck p a p that produces an egg.
[0:51:14] Landy @CryptoLandy: Oh, no. We are not going back to the we are not going back to the brother's eggs. Look. We are not gonna go down the route of hatching eggs again if you're not familiar with that.
[0:51:25] Bread @_ToastMalone: Yeah. No. No. No.
[0:51:26] NatNat @Natnatx007: We're not
[0:51:26] Bread @_ToastMalone: gonna do pizza pets, but, like, instead, what we'll
[0:51:29] Landy @CryptoLandy: do couch.
[0:51:30] Bread @_ToastMalone: Yeah. I mean, that was what they hatched. Right? And they... You had to keep track of them and take care of them, and they really didn't produce much of anything, really. But I'm sure AVACS will take it. They love web three gaming.
[0:51:41] Ryan @Rlad1776: This this reminds me of the... Of of when I was in high school and all these girls had to carry around these little baby... Or these eggs. And then one day, they all came in, and they had these little
[0:51:53] Moni @monitalan: hear me? Yep. Can you hear me?
[0:51:54] Ryan @Rlad1776: Like, you had to carry around this egg and not let it crack.
[0:51:58] Landy @CryptoLandy: Uh-oh. Go host me real quick if you need to round trip, not... If you can't hear anybody. Or is it Ryan? Is it just Ryan? Somebody
[0:52:07] Bread @_ToastMalone: No. I can I can hear Ryan?
[0:52:09] Ryan @Rlad1776: Yeah. So these these girls all had to come in. They had to carry these eggs. They got in the beginning of the semester, and you weren't allowed to let it crack. And we all know that they all let them crack, and they just replace them with new eggs. But the point is then one day they all came in with these little babies that they had to carry around, and it was... You know, like, this is back when school was school. You know? The the the people we all used to call dipshits who are now making gajillions, and have their own businesses left midmorning to go to trade or shop, and, you know, they're the ones that are all making all the money right now.
[0:52:51] Ryan @Rlad1776: Did you get that, Nat? I said glowing things about you.
[0:52:56] Landy @CryptoLandy: I don't think she can hear you.
[0:52:59] Ryan @Rlad1776: Alright. Well, make sure you tell her I said great things about her.
[0:53:03] Landy @CryptoLandy: Yeah. I'm I'm going to... It's not like you're in the chat with her, but
[0:53:08] Ryan @Rlad1776: I don't want the head of the LIA on my ass. Okay?
[0:53:11] Landy @CryptoLandy: I I think that we should make that happen regardless.
[0:53:17] Landy @CryptoLandy: But, yo, alpha gamer. Yo. Really? Come on, bro. Let me let me just... If you're around... If you take a lap, please just cohost one of us so that you don't... So the space doesn't close. But, yeah, I don't know if Nat can actually hear or if she's here, but I don't see any reconnecting or disconnecting from the host. Moni, you shared a lot of stuff in the chat the past few days. Some of it really
[0:53:52] Moni @monitalan: There's so much happening.
[0:53:54] Landy @CryptoLandy: There... Yeah. So what what is this this analysis on prediction market stuff that the Washington Post did? Because I did not... I... I'm not a WAPO enjoyer.
[0:54:07] Moni @monitalan: I know. That should be a free... I think I shared a free link to the story, a gift link, so if you wanna read it. But they really did an analysis of how valuable the information coming from prediction market is. And even if they weren't always, right, accurate the way that people would expect them to, if you look at the percentage, it actually makes sense. Right? So I think it's a good analysis.
[0:54:35] Landy @CryptoLandy: So is this, like, for... Essentially, was this related to politics? Like, primary reasons Yeah.
[0:54:48] Moni @monitalan: Okay. It's all politics, really.
[0:54:51] Deer Point Macro @deerpointmacro: Is this the Fed paper?
[0:54:53] Moni @monitalan: No. It's an analysis the Washington Post did, actually. They did it themselves. I think both... So I think both the Wall Street Journal and the Washington Post recent stories, they're using a lot of data analytics and doing their own research. I mean, in some instances, they may get some recommendations of what to look at. But in this instance, it... From what I can tell, it's all their own research.
[0:55:20] Deer Point Macro @deerpointmacro: Yeah. Because I know the Fed did
[0:55:22] Deer Point Macro @deerpointmacro: a paper on, like, the interest rate pricing in house. Like, much better, is it, than, like, overnight index swaps or so for predicting interest rate moves, but I didn't
[0:55:34] Deer Point Macro @deerpointmacro: know if you're... Yeah.
[0:55:35] Moni @monitalan: No. This is prediction markets and elections. Looking at primaries and other elections, kind of a success rate and why the information is useful.
[0:55:47] Ryan @Rlad1776: You know what I... The the only thing I worry about there is, like, elections, you know, as as, you know, ex president once said, elections have consequences. I wonder about the gaming capability of these prediction markets from the donor class and the packs. Right? You know? Like, can they move lines exponentially to create a narrative that they want? And if... I suspect they've already thought about all this shit, but if they haven't, sorry. I brought it up. But, you know
[0:56:27] Bread @_ToastMalone: Well, that... We're we're already seeing it, dude, in sports for sure because, I mean, like, I know firsthand that there are syndicates out there that are pooling, you know, smart... You know, sharp bettors funds together into a giant pool, and then they're using PolyMarket and Kalshi for liquidity reasons that isn't available on sports books. Right? And it's still being traded as a single account on Polymarket, but it's actually representing, you know, a 100, you know, sharp bettors that are each throwing in a thousand dollars for the day as far as bets go.
[0:57:01] Ryan @Rlad1776: Damn. Really? Yeah. Yeah. You know what? I mean, I could see that.
[0:57:08] Bread @_ToastMalone: I may or may not have done it directly with some of them. You know what I mean? It's a it's a... It's something that it it happens with super packs as well. It happens with mentions. It happens with insiders. I mean, it's, like, something that they can't really can't really regulate or prove. You know? Well, I mean, maybe they could on chain and tracking and KYC and stuff like that, but, like, then they're gonna lose volume. They'll lose liquidity. They'll lose market cap, and their shareholders will be upset. So, you know, who who wins here?
[0:57:37] Moni @monitalan: Are you sitting in the back of a truck?
[0:57:39] NatNat @Natnatx007: I am back, and all I heard was No,
[0:57:44] Ryan @Rlad1776: Moni. You know what that sound was? That... You know the the machines that count the money?
[0:57:48] Moni @monitalan: Oh, there
[0:57:49] Ryan @Rlad1776: you go.
[0:57:49] Dave @DCBK2LA: That's in
[0:57:50] Landy @CryptoLandy: the casinos? Yeah. Yeah.
[0:57:51] Ryan @Rlad1776: That's exactly what Fred's doing right now. Like, he's just rate... He's just counting... Making sure that his his rack is a rack. That's it.
[0:57:59] Bread @_ToastMalone: Brother sounds like No. No. I wish. I'm actually driving. You it's about to hail here, and, you know, everyone everyone loves the Southwest hail. Ryan knows what it's all about, I'm sure.
[0:58:09] Landy @CryptoLandy: Sounds like you're headed towards a tornado.
[0:58:10] Ryan @Rlad1776: Please don't reference Southwest. We are not Southwest.
[0:58:14] Moni @monitalan: He's in Denver. That's not Southwest. I'm just kidding.
[0:58:18] Dave @DCBK2LA: That's Southwest.
[0:58:19] Bread @_ToastMalone: That's how... Yeah. Well, that's Southwest. You
[0:58:22] Ryan @Rlad1776: see what you did to your point? You put Texas in the same class as Denver.
[0:58:26] Deer Point Macro @deerpointmacro: I'm I'm in pretty close, to be honest.
[0:58:29] Bread @_ToastMalone: I mean, you guys are all invading our city, and maybe just stay where you're at.
[0:58:32] Landy @CryptoLandy: You know? Woah. Woah. Woah. They're trying to escape Denver to go to Texas. Come on. It's just like Californians trying to escape California to go to Texas to vote for the same crap they voted for in California.
[0:58:46] Bread @_ToastMalone: I know. We're trying to escape the Californians now. That's why I'm leaving.
[0:58:49] Landy @CryptoLandy: You just go and get as far as far east as you get to get away from Californians.
[0:58:57] Ryan @Rlad1776: May may I suggest the middle of the Bolivian jungle?
[0:59:03] Bread @_ToastMalone: I don't know. There's a couple of weird ones out there doing Ayahuasca, I'm pretty sure.
[0:59:09] Ryan @Rlad1776: Bullet. You'll figure out a way to put a
[0:59:11] Ryan @Rlad1776: prediction market on it, Brad.
[0:59:12] Landy @CryptoLandy: Hey. The the bullet answer, Charles Hoskinson. That's... That that one's at the top of my list still.
[0:59:20] NatNat @Natnatx007: Alright. I'm happy I was able to reconnect. Thank you guys for holding it down. I do have another story that that we can get to. This is the Ethereum Foundation. We've we've touched on Ethereum a few times on the show. Right? So... And recently, today, CoinDesk put out an amazing article on what's going on with the Ethereum Foundation. So Vitalik did say that the Ethereum Foundation will cut budget, like, 40% budget. Right? So the reduction comes on the same day as Ethereum Foundation confirmed a 20% reduction in head... In headcount and follows the resignation of the co executive director, missus Wang. Her departure brings the total number of senior Ethereum Foundation figures to leave since January. The total number since then, it's it's nine, undergoing this... Under... Underscoring the scale of the organization's ongoing turmoil. So what does this mean for Eid? Do you think this is great? Do we think this is great for Eid, or does this count is... Or does this mean... Or does it show some kind of a red flag or issues within the underlying? Monica, have a hand up. Go ahead.
[1:00:30] Moni @monitalan: Well, I think we also have to combine that with the announcement yesterday, right, of ETH Labs, which is a nonprofit r and d lab for Ethereum. And ETH, a lot of the people who have been leaving the foundation actually created ETH Labs, and they're working with a lot of groups, including Ogden, who I think is the one that has better managed how they're they're using or leveraging their Eads. Remember, they staked it, and based on what they staked, they use that for grants and other things. So I think Octent is a good example of of one project that maybe the Ethereum Foundation and Eidlab should look at. I don't know if it's a red flag. I think, like, the the foundation did get really big. I also think... And, again, I'm I'm speaking from what I have seen is they did a lot of good things. They did a lot of events, and we've done some parts of the world that nobody had done events with. I mean, we have... Their their upcoming event is in India. I I think they've done some good things. I think they have had some issues. I think they got pretty big, and I do think there was some preferential allocation to people that... People within the foundation knew, which makes sense. It's crypto. You have to go with who you trust, but that caused a lot of issues for them. Is it a red flag for Ethereum? I don't know. I'll leave that for others on on the space. I think it's a good thing for the foundation. I think they needed to revamp. They tried to revamp, was it last year, with bringing two co directors on board, and that didn't quite work. And so I think this is actually a good thing for the foundation.
[1:02:12] NatNat @Natnatx007: Yeah. I don't I I don't disagree. I think, Landy, the... Landy, go ahead. Go for it.
[1:02:20] Landy @CryptoLandy: As David said, somebody CTO Ethereum.
[1:02:24] NatNat @Natnatx007: You think it's done? You really think
[1:02:26] Moni @monitalan: Ethereum's done?
[1:02:27] Landy @CryptoLandy: No. I thought Ethereum was done years and years and years ago when they moved to proof of stake. So you're talking to the puppet that supported the network when it was a proof of network work... Network rather, and I felt very strongly that that moving to proof of stake was not going to end well. Look. The Ethereum Foundation has done a lot of good and bad, and here's the bad part. The bad part is is they facilitated out the layer cake that absolutely ate layer one's lunch instead of actually upgrading and fixing layer one. They did this because they wanted speed to compete. What they did is they taught their competition really how to construct a lot of their networks and upgrade them throughout the last bear market to compete with their own. And then they've been chasing ever since. So... Look. The the long term sustainability of of Ethereum really depends on bringing things back to the base network, not base as a layer two, but the actual layer one network. Why? Because they need to be able to run it as a business because they have chosen to go the proof of stake route. And in order to do so, they have to facilitate building on layer one. They have to facilitate upgrades to layer one. They have to make very important decisions moving forward, and they have to find their audience. They have drifted and allowed the layer twos to completely take over. And, essentially, they open sourced every... Everybody... Everything to allow for other networks to become just EVM compatible and bite off their entire liquidity base and transfer it over to other chains. Like, you... Really... Realistically, they took a good thing and that I think with good intentions created their own competition. And then through trying to chase that competition ended up pushing a lot of very good, very proficient developers and innovators off of the platform that then went on to go and create things like Hyperliquid, quite frankly. Ethereum could have had all of this. And in fact, they... At one point, they had all of this. But what they did is they... Instead of making the improvements on layer one, they pushed it off to be layer twos, thus cannibalizing every... All the transactions on layer one. Then this was the biggest problem. I hated every part of it from the very beginning, from all of the different proposals. Many of us called this out many years ago, and Brett had his hand up. So I would like to actually hear a little bit of Brett's perspective as a developer and a builder who has a ton of experience. And then, Ryan, go ahead and take a shot at it as well.
[1:05:32] Bread @_ToastMalone: Yeah. I'll... I I may have to chime in here later. It's it's like storming hardcore, but, like, ultimately, ETH ETH has become an enterprise chain. Right?
[1:05:40] Ryan @Rlad1776: And they should...
[1:05:40] Bread @_ToastMalone: They're gonna be focusing on b two b. There's too much infrastructure built on them to fail, but they're never gonna be what they used to be.
[1:05:46] Kantorcodes | ℏol/acc @Kantorcodes: They should have stayed proof of work.
[1:05:48] Landy @CryptoLandy: Yep. Yeah. And and I I think that they're they're not doing very well on the, on the infrastructure institutional side right now. They're getting their lunch eaten. So
[1:05:59] Ryan @Rlad1776: I would say you are both so spot on with what you both just said, and I'm gonna nut it down from a business person's perspective. This is the moment in all start ups' lives where the folks that have been funding you, because they believed in what you were doing, because they believed in the idea, because they could see the future. And they said, yeah. You guys kind of went a little off course here, and there's not gonna be any more money. And so you all need to figure out how to make some, and you should have done what we told you three to five years ago. Because instead of worrying about competing with Bitcoin, Ethereum should've... That foundation or whatever the hell you call it, should've been thinking about something bigger, grander, or greater. And you're absolutely right, Landy. In in in the words that you said, people went to town on them, And layer two's caught the narrative. Brad, you're spot on with what you said, and that's what happened here. And so it's about time to shed some costs, stop with this, everybody gets to say bullshit, and figure out a revenue model because there is no more money coming. So, you know, it's time for you guys to grow up. Like, those conversations really happen literally that way because I've been in them. And Yeah. That's where we're at here. And I think, ultimately, I I know for certain that great companies go to die when you let somebody who has... Who's more technical in nature... And I don't mean this as any shade, guys. But when you let somebody who's... Just has the technical side of things nailed but doesn't have the external and how to turn that technical brilliance into dollars.
[1:08:07] NatNat @Natnatx007: Agreed. It's revenue at the end
[1:08:10] Dave @DCBK2LA: of the day.
[1:08:10] Ryan @Rlad1776: That is where great ideas go to die. I swear to god, and I'm sorry for saying it. But Well that's what is happening here, and Vitalik is brilliant in in in a lot of things. But the dude, you know, like, you're not gonna go up... You're not gonna pull up sitting next to that guy at the bar because nobody's gonna be sitting next to him. Right? It's just... It is what it is. I I hate to say it, but you need... You know? Like, literally, the best thing that that Ethereum can do is bring in some type of corporate structure to go, this is how we're going to do it, and we are gonna make a business out of it. I know that sounds, you know, horrible, but it's it's what needs to happen.
[1:08:55] NatNat @Natnatx007: It's not horrible. And I think I think that's a that's a... An issue with a lot of crypto projects. Right? They got the technical part down. But in terms of how to turn that into money, into dollars, I feel like a lot of projects lack that. So that's actually a great point.
[1:09:10] Ryan @Rlad1776: Yeah. Because they're at that critical moment. Right? Right? Like like, they can either keep their customers and and and, reaccelerate or they're gonna die. Like Yeah. You know?
[1:09:25] Bread @_ToastMalone: Well, I I think OP... I mean, Optimism had the right idea with their super chain, but, ultimately, their execution was terrible and the adoption never happened. Right? But, like, that idea of almost like... You can think of it like an l two bundler, you know, as a revenue path is something that could could work if it was executed correctly.
[1:09:44] Landy @CryptoLandy: Yeah. Because you
[1:09:44] Ryan @Rlad1776: gotta imagine. There there there are people walking into Vitalik in in that foundation going, hey. Dipshits. Like, Hyperliquid has 13 employees, and they're making, you know, $17,000,000,000 a year. Why did... Like, you guys could have done this, and you could have been leading, and Hyper Liquid would have never existed. Like, what are we doing here?
[1:10:09] Moni @monitalan: Can I bring up another point? And I think it's a point that... I I always ask questions when people said I was looking at this wrong and maybe I wasn't. But all of these projects have had either grants. They do all these hackathons, but then they never really focus on one or two projects and help them win. Right? So if you see all these hackathons, all this money is spent, and then the projects disappear. Nothing happens because a lot of these developers are really looking what's the next big thing that's gonna happen. But even in grants... And I will tell you, I've... I received a couple of grants, and Stellar has the... For me, had the best program, and that they always followed up with me. They stayed in touch asking, like, what else are you building? Is there something we can lock out? Is there something where we can support you? And what we had done was mostly educational content in Spanish, but that showed me... That signaled to me that they were doing it the right way. I never... I got grants from other protocols and never heard anything from them. Here's why. To them, etcetera. But I do think that there has to be a better process to potentially incubating good projects.
[1:11:24] Landy @CryptoLandy: Well, here's the reason why, though. It's it's because it's about volume and speed to capture market share over actually creating killer product. That's really what it's come down to. And this is the problem with with the hundreds of other chains as well, and it's because it is an open competition. And look. I don't think Ethereum's gonna go anywhere, and this is what I wanna say before I pass it around again here. The the big thing is I do think that Ethereum will have a bold market structure for its price action again. But the problem is is everyone that's looking at it right now is going, what is it gonna be in five years, and is it gonna be relevant to what we want to do? That is what the bigger players are evaluating right now. And look, Tom Lee can't even make the case because the only thing he's doing is talking about staking, and you can't just rely on staking. You can't. You have to have products that are revenue generating, that are killer, top of their field, and those are gonna be the desirable ones that are gonna pull in the corporate partners, pull in the institutions to get that liquidity to offer that product to the public where you're actually gonna get the volume. Right? Or you're gonna have to just be back end institutional. And all they're gonna do is crib off of your stuff. They're literally going to beta test it on your chains, and then they will take it in house, and it will be their own chain, whether it be private or public. And this is something that I've warned a lot of these guys about years and years and years ago, and they laughed me out of the room. And look at them now. They're they're over here. They're crapping their pants because now these other players have come along, took what they had, did it better, and then siphoned off all of their liquidity because they can be compatible. You literally built the exit for everyone.
[1:13:21] Ryan @Rlad1776: Landing, how how much does how much does philanthropic enterprises pay? You know what I'm saying? Like Yeah. I mean, that that... Like, you can be all, like, philanthropic and we are the world and all that bullshit, but at the end of the day, you're gonna die a slow death. It's about money. Like, can you create money? Can you can you generate revenue? That's it. Like, this is the industry. It's what I talk about all the time. The... Every industry goes through a maturing phase. Right? You have infants, mona, you... That's what you're talking about, the incubator stage. Right? Like, and then you get into that, like, prepubescent, right, where peep... Things are starting to get interesting. You're starting to see some use cases. Money starts to flow, and they're like, oh, shit. We invested here. We should invest it there. And then you get into the teenage years, and then you get into the young adult years. Like, we are very close to the young adult years. And so the... Like, what does that mean? When my kids left, my kids graduated college, it's like, don't fucking come back. Go make some money. Like, you are in... You are a man now. Like, go figure your shit out, and that's where we're at. So it'll be it'll be good for everybody if you're invested in the right things. But right now, like, you know, it's put up or shut up time for these guys, in my opinion. Yeah.
[1:14:44] NatNat @Natnatx007: 1000% agree. Revenue, revenue, revenue. 1000%. Cantor, go go for it.
[1:14:52] Kantorcodes | ℏol/acc @Kantorcodes: Yeah. I mean, a few things because I've kinda seen the cards at the table for a lot of these things myself. Number one, like, with Ethereum, they do have the enterprise Ethereum Association, the EEA, which is... Was kinda built to support these mechanisms and bring enterprises on and drive liquidity and adoption through those avenues. I think that with a lot of these networks, the approach sometimes is, let me just create a big bag of cash. We'll send it to this person who seems to know what they're doing, and then we can just focus on just building the tech, and we keep building the tech, and we'll just do that. And then we'll check-in with them once a year and see how that's going. And, unfortunately, the check-in once a year, six months, and see how it's going doesn't actually work. Right? You you need somebody at the top who is driving the hammer into the nail, you know, once a week, every every couple of days, every couple of weeks, or things just don't move. And that's why, especially where we are today with with AI, it's it's actually a lot better to have smaller organizations because it becomes a... Whose job is it... Is with these really big foundations and and companies. You don't need to have all these engineers. And I I think when you have an engineering based leadership, it just... Everything just falls through the clock, the the cracks, and things kinda don't work out. I think the other thing that we're also kind of waking up to and realizing with the grants ecosystem is that it just wasn't ever viable. When you just give away free money and you don't have buy into that success, you don't have a stake in the sand, then it ultimately can't ever work out. It's a very, very different situation when you create a real startup ecosystem, a real y c effect where you're not giving away free money. You're buying equity in a company. So if that company decides for whatever reason that they don't wanna build on your network anymore, that's fine. You have a percent of their token. You have a percent of their equity that goes back into your ecosystem. When it comes to the area of world and in terms of, like, successful EVM networks, I kind of turned my head and I look at Arbitrum and the work that they're doing with organizations like Robinhood, and I'm like, wow. That's actually the way that you should be doing it. And I... I've been in person to some other events, and they talk about revenue. And I'm like, what? My ears trip up because it's not something that you hear regularly in conversations from foundations or the labs codes at some of these ones because it's like, revenue? No. No. No. No. Don't talk about that. That's Voldemort. We're not gonna talk about revenue. Why are you talking about revenue? We're gonna talk about the ethos of the network, the technology. And the table stakes just kinda move in these weird directions where if you're coming in as somebody who understands what it takes to run a company and a business, it's it's weird.
[1:18:09] Moni @monitalan: I think... I think
[1:18:11] NatNat @Natnatx007: that's actually a great point.
[1:18:12] Moni @monitalan: Yeah. I was gonna add... Go ahead, Monica. I love the Arbitrum example. Also... But I also think because of the way they launch. Right? They come from off chain labs. It's a... I think it's a more mature team. It's a a different structure. Also, the Arbitrum Foundation, I think, is not in The US, but Optane Labs is. So I do think the structure as well for for Arbitrum is different from the other projects, which is why I think they've been able to succeed.
[1:18:44] Bread @_ToastMalone: Well, I think Cantor nailed it. I mean, the fact that, like, you know, to kinda circle back to what Moni was saying or the original question to the fact that, you know, the era of these grants and all of that stuff is over because the majority of it, as degens were farming points on Infofy and farming rewards on Blur and all these things, like, bunch of dev teams were farming grants. You know, where it's like, yeah. Dope. This chain is EVM, and they'll pay us $10. So we'll launch a contract there. Then we'll copy pasta the same exact contract with the same exact code over on this other EVM chain, catch another $10, you know, with no obligations whatsoever to that chain. No exclusivity. No DD was done by the teams. They're just like, yeah. That looks like an app that you have fake users for, but fake users is better than no users, so you're in. You know? And, that is now over. Right? Especially with... Because, legitimately, I mean, like, anybody with free time and the ability to think can watch some YouTubes and then spin up a company. You know? It's, more... Like, we're seeing now more the actual DD, you know, like, the the due diligence that's required to really incubate teams, not just give them money, cross fingers, hope for the best. You know? It's, like, really painfully slow process of working and learning domain specific information that's relevant to that chain. Why does your product stand out? Why is it being built on this chain? You know, those types of questions are now being asked. And because it isn't money upfront questions later, we're seeing a lot less applicants and less real talented teams actually make it through this entire ringer.
[1:20:22] Ryan @Rlad1776: 1000000%, Brad. And, like, we are in the... Okay. This is the grown up room. Like, you're at the grown up table. Okay? So before we write a check to you, you need to prove this out, and you're not gonna get unlimited checks for an unlimited amount of time. Like, it's time to you... Like, you gotta you gotta... I don't know. I I think it's a great thing, to be perfectly honest. Like, real capitalism, real world, like, business structure is starting to meld, but it's gonna be painful. And a lot of these projects that we all believed in, or thought of or invested in are gonna go to shit. You know, quite frankly, of the 24,000,000 ish tokens out there, 99.8%, probably 99.9%. I don't wanna be the bad guy, but probably need to go away, and let the winners remain. And it's all about revenue because we were... Are moving into a digital asset world. The government has telegraphed that. Many governments have telegraphed that. There's legislation on it. Like, we are going down that path. But, you know, this this free ride is over, and the world of scamming is done. Despite Bitcoin.
[1:21:48] Bread @_ToastMalone: Oh, yeah. I mean, people aren't... Like, teams and companies aren't writing checks unless you already have MRR. You know what I mean? You already have existing clients. If you're building an enterprise solution or you're building tech for enterprise, just like within the first conversation, I mean, that needs to be included in your deck before you get a phone call back. Like, who are the existing clients you've already signed?
[1:22:08] Ryan @Rlad1776: And
[1:22:08] Landy @CryptoLandy: the
[1:22:08] Ryan @Rlad1776: value of client, Fred? Like, you you know this because you're in the business world. Like, what's the value of the clients? Not only the money, but the the value of of information that they push back into your company. Right? Like, every startup I've been at, I've never had a product marketing group. You know why? My salespeople, my customers, or my product marketing team. Like, they're going to tell me what we need, not the product marketing group who's interpreting it and then coming up with something that just ultimately doesn't fails, you know, when it... When it's go to market time. Like, the customers tell you, and that is the ultimate value. So having those customers is what ultimately drives the revenue. And because if one customer needs it, you can bet your ass 50 customers need it.
[1:23:04] Bread @_ToastMalone: Oh, absolutely, dude. Yeah. Absolutely. And it shows, like, essentially, PMF. You know? It shows that, like, hey. What these guys are building, there already is a niche. You know? Even if it's small to start, you can grow it from there. But there is a niche of companies that are similar to... Like, how many ERP companies exist? You know what I mean? Like, that... That's a niche, but it's still a huge part of the sector. You know? And so it's like, alright. Well, if it fits for one, we can just kind of influx them a little bit. They can make their team bigger, add a services department, and then copy paste across all of these other clients, and we'll take a little bit off the top. And it's a healthy revenue generating business and investment for the people that are actually writing the checks. You know? It's... Yeah. These days of of here's $10, see what you can build are completely over.
[1:23:53] NatNat @Natnatx007: Yeah. Great point. Go ahead, Monica.
[1:23:56] Moni @monitalan: Just curious. So what three projects in addition to Bitcoin... Actually, Bitcoin is not part of this conversation. Are you guys looking at more closely? Right? I was just looking at the Cardano chart. I hadn't looked at it in a long time. I'm like, ay, mama mia. So what are, like, three projects that are... You guys are keeping an eye on?
[1:24:17] Bread @_ToastMalone: Well, yeah, straight straight up, I gotta give a shout out to the homie, bread guy down there and listeners, you know, in Mega Eath. You know? I think some of the apps on Mega Eath are killer. Right? The chain didn't get the adoption that I think everyone was looking for or hoping for. You know? But the actual apps themselves, I mean, like, Euphoria, that tap trading, like, perps app is a phenomenally cool app. It's different. It stands out. It's normie friendly. It's an idle game. I mean, like, there are some cool things being over there, and the speed of the chain is great. However, yeah, again, it's like, alright. Well, you know, the question we always circle around to is, like, do we need another chain? Do we need another l two? You know, those types of things. So it's like, I think there's opportunities over there, if they can kinda get some things straightened out and maybe, you know, maybe they partner a team with, like, the EEA, you know, the the enterprise Ethereum alliance and, like, see if, like, maybe they can because of the speed of their network and, like, some of the stickiness of their products, like, maybe something can grow there. You know? Outside of that, like, any prediction market is really it. You know what mean? Like, if you can capture the liquidity and you can capture the attention as prediction market right now, you'll succeed. You know? Or wrappers on top of them. We're seeing a ton of wrappers on top of Polymarket where it's like, hey. You know? Like, like, On-site is a great example. You know? They're a dope, like, copy trade social sentiment type trading thing, but it's less built on top of Polymarket. You know? And, it's kinda one of those things, like, back when GPT came out, it was the wrapper era for everybody just spinning up an API that's a GPT wrapper. And it's like, here's your personal health coach, or here's your fitness thing. Here's your calorie counter. Here's... You know? And it was all just on the back end just sending a prompt to GPT. You know? We're seeing a ton of teams now building on top of Polymarket, on top of Kalshi. And, like, I don't know which one's gonna, like, be the absolute smash success, but there will be one or two out of the whole pack of people building wrappers that'll absolutely kill it.
[1:26:18] Ryan @Rlad1776: And and, Moni, my... So I come at this from a TradFi world. Like, I dip my toe into the the crypto world. You know, I've got about 18... But, I mean, look. I bought it, but I didn't know what the hell I was buying. Right? But, like, really deep diving probably for the last twelve to eighteen months. There's three things bringing my kind of commercial business experience to this that I'm looking for, in terms of projects. Number one,
[1:26:51] Landy @CryptoLandy: what,
[1:26:53] Ryan @Rlad1776: how are AI agents going to transact, and what are they gonna use for it? Okay? To me, that's a big narrative. What... Like, how are how are they gonna pay each other? K? Number two, what rails will be used? Because there will be winners, and those winners and losers are being picked right now. And the third thing that I'm looking for, and this just comes from my experience and my background. I did this in legal, where there's hundreds of different formats or interactions to a law firm. And all the... And and and it... All it was was cost to the law firm because they have to be able to accommodate each and every client on the outset. And when they had to do that individually, it was exponential cost. What we created was a hub where everything comes in externally, and it normalizes everything. And then all the law firm looked at was kind of the same format across across, all of those different formats and requirements and x y z. So that's a bit complicated, but what I'm looking for is a hub. Like, who can take all of this data and make it all work so that at the end of the day, the corporation or the end user just only interacts with the one thing that they're comfortable with? Because that's all anybody cares about. So those are the three big narratives that I'm looking for, and I think that's that's playing out now. So I don't know if that answer your question, but that's what I'm looking for.
[1:28:32] Moni @monitalan: It did? Thank you so much.
[1:28:35] NatNat @Natnatx007: Really What
[1:28:36] Moni @monitalan: about you? I I I forgot to mention, Heather. I'm so sorry.
[1:28:39] NatNat @Natnatx007: It's okay. It's alright. I think for me, one key factor, and I think we're all looking at it as well, right, is which project is is able to provide consistent revenue. Right? We're we're seeing it with Hyperliquid. And Aster, I think not too long ago, they did put out something about their revenue as well and a few others. So I think as crypto continues to mature, being able to bring revenue to the table or have some sort of income, it's going to be a big, big portion. And those projects that cannot provide that will slowly fade away.
[1:29:29] Landy @CryptoLandy: I have a very bearish take on the wider crypto ecosystems. I think most... I mean, echoing some of what's been said here, I guess, but I think that most are gonna go away over time. Slow, very painful, slow deaths. You can see that, you know, there... There's gonna be a changing of the guard, sure, in the coming years when it comes to which rails institutions are actually gonna use or if they're gonna build their own or where they're gonna basically beta test things. And then it's all about partnerships from there. But the cream is gonna rise to the top. You have too many chains doing the same things. There's only so much that you can advertise speed. Eventually, everybody's gonna update their networks, and I do mean everybody, including Bitcoin, to be quantum resistant. You're gonna see... You know, privacy is probably gonna be a big narrative, but I don't think that we have a good gauge on which chains are gonna be selected by the larger institutional market for who's gonna win. So it's really all about partnerships and relationships at that point and solving problems, right, for confidentiality while still keeping things open. But having selective confidentiality and privacy and stuff like that. So there's there's there's gonna be more of that, I think, being built and put out there. You're gonna see a lot of things like what we're gonna see with, you know, circle stuff, right, upcoming. You're gonna see a lot of stuff like that. Just gonna build their own thing. Like, why why be at the behest of everything else when you could just build your own? And I think that's the way that it's gonna trend, and that's where where liquidity goes is where a chain's future is going to go. Right? There's only so much that you could say, DeFi, DeFi, DeFi. Look at how much less locked up in in Ethereum, DeFi. Right? Because that money can move. And when it does, is it gonna... Is is Ethereum gonna be attractive enough to use for these larger players, or is it just a temporary parking place for capital? Right? And that's where, you know, in in terms of the wider use case for for these chains, there's no reason to have so many. And it is the competition phase. There will be a calling. And when the calling comes, it's gonna come for the majority, and then we'll be left with whatever is is, you know, going to actually aggregate and suck up all of the liquidity and the transactions. And, you know, that's gonna be... And then you're gonna see a bunch of mergers on top of that because then there's gonna be chains that are just like, you know what? We're gonna fold into this chain. We're gonna fold into that chain because there's just no reason to exist. Because at the end of the day, if you're going to have foundations and projects and people that are managing it in that way or faces that are managing in that way, you you are going to have to have some sort of accountability. You basically essentially have created a bunch of CEOs of these various chains that if they mismanage, that's gonna also become optics. And how does that play a role in who they partner with and who's gonna provide liquidity and that kind of stuff? So, look, I have viewed this for a very long time as Bitcoin and everything else. And I know that there's people here who vehemently disagree with me, and they hate Bitcoin, and that's okay. You can hate it. But the the fact is is the chain... The the chain wars are over in that regard where everybody was trying to be the next Bitcoin. Now it's all about who's gonna be the next institutional chain that's gonna grab all that liquidity, create the best products that are going to then create a bunch of revenue and a bunch of transaction volume. And when you're when you're an institution and you're looking at this, you're looking at all of the different competition. You're going, okay. That's the main key players over there on those teams, and that's the key players on over there... Those teams. Cool. Let's go ahead and let's beta test, do a partnership. We'll provide some liquidity for some projects over there, get to know everybody, and then we're gonna make them an offer to come and build something with us because that's how institutions work.
[1:34:06] NatNat @Natnatx007: I love that you brought up partnership. Right? In the business world, partnership is key. The correct partnership, the right partnership will definitely take you a long way. So being able to partner within the crypto space, I think, will definitely help these projects.
[1:34:19] Ryan @Rlad1776: Right. And I know when I talked about Hyperliquid, I know a lot of people probably roll their eyes and whatnot way back when, and I got some DMs about it. But, like, when you think about this from a TradFi world and what Landy just... And Nat just said, honestly, what everybody just said, like, that's what it's about. It's about the operators. Right? Like, I can't tell you how many great ideas died during the dot com bubble. I was in Silicon Valley. The problem was... Is that the great ideas, which usually come from tech... You know, I mean, we're living in a techno... Technological world. They usually come from people with great ideas who can build great shit. The companies that survived were the ones that had those kinds of ideas and those kinds of founders who knew enough to step away and go, I just wanna sit back and continue to build great shit. You, operator, mister operator, missus operator, go make me a lot of money while I just sit back here and build great shit. Don't question me. Don't ask me because you don't know what I know, and you don't see the vision that I see. Let me go sit in this dark room and build great shit. And I promise you, you will make a lot of money. You need to interpret it and then go operate. And that's kind of what we're going through right now. And, like, that's what we need, frankly, in my opinion. And that's why I I kind of perked up on on Hyperliquid because those opera... They they have skilled operators there. They really do. And if you look at all the the the the, you know, the... Whatever. You know, you put out these... I forgot what they call it, but updates or you put out these, you know, hey. We did... Just did this. Go look at all of them and go back and look at the similarities across all of them. It's all about technical technical stuff. I'm telling you right now, 99.99% of anybody that's gonna use this stuff doesn't care about any of that. They just care about, can I use it? Will it make me money? Is it better than what I'm doing now? And how how much, angst or how much how much of a a frustration is it gonna be for me to change and make it easy on me? If you can solve those four problems, like, yeah, I'll jump on your shit tomorrow.
[1:37:01] NatNat @Natnatx007: Very well said. Guys, this has been an incredible space. Right? We literally touched on a lot of key segments of DXY, how it affects markets, e... As a whole, TradFi. I think it was a very, very great, great space. Thank you guys for coming in and and taking some time out to listen in. We actually have a really big crowd today, and I appreciate it, guys. If you don't... If if you haven't done so already, please go ahead and give the All Things Scriptable account a follow. It is new. Prior to this, we would all just chime in or tune in on our own separate accounts. But Dave had a brilliant idea of just creating this this page and have everyone just take turns cohosting behind the account and kinda grow it that way, which to me is is a fantastic idea. So tomorrow, I believe he will be behind this account, and I think Thursday, it's gonna be either Landy or Monica. But either way, guys, please give the account a follow. We do our best to bring you the latest and greatest and really come come at things from different point of view in terms... In hopes of educating our listeners and kinda gave... Giving them a gauge on where current... The current things lie in terms of the traffic market, the equities, or the crypto markets. Right? So go ahead and give everyone a follow. Give the main account a follow, and we'll see you guys tomorrow.
[1:38:22] Ryan @Rlad1776: And just FYI, I'm I'm tracking fall, peep attendance for each of the different cohosts. And I will be creating multiple graphs, charts, analysis
[1:38:34] Moni @monitalan: A prediction market. Do a prediction
[1:38:36] Ryan @Rlad1776: for even giving it to bread for a potential put... Prediction market betting. Just saying. And once I have enough data, I am tracking it. And, yes, I'm old, so I'm doing it handwritten, but I will be putting it into a spreadsheet.
[1:38:52] Landy @CryptoLandy: Well, if you're gonna create charts, Ryan, I will lend you a couple crayons. Okay?
[1:38:59] Bread @_ToastMalone: Oh, and side note, the new OCR models will recognize crayon on on, like, loose leaf paper. So let's go.
[1:39:08] NatNat @Natnatx007: Let's go. Alright, guys. Thank you guys for tuning in. We'll see you guys tomorrow. You guys have a good night. I'm gonna end it with a clap in homage of you, Kate, since you're listening here, and we appreciate it. So we're gonna clap it out.
[1:39:25] NatNat @Natnatx007: Great space, guys. See you guys tomorrow.