All Things Crypto: Hacks at Year High & WTF are NEAR Intents?

# All Things Crypto: Hacks at Year High & WTF are NEAR Intents? | 2026-09-30 | https://x.com/i/spaces/1dKrPrvMvXnJX | status: approved
# Speaker attributions verified via X captions, ECAPA voiceprints, and on-air handoffs where marked confirmed.

[0:00:33] Dave @DCBK2LA: Hello, everyone, and welcome to all things crypto. I am your host who forgot he was the host
[0:00:48] Milo @0dteSPY: on Wednesday.
[0:00:50] Dave @DCBK2LA: So what's up, Bonnie? How are you?
[0:00:51] Moni @monitalan: I was, no ATC today? What happened? I was gonna search... Send a search group for you.
[0:00:59] Dave @DCBK2LA: No. No. No more search parties. That's enough. Yeah, man. I'm deep in the Grokbox training....
[0:01:06] Moni @monitalan: Laughing because Dave didn't laugh.
[0:01:09] Dave @DCBK2LA: What? Wait. You hear me or no?
[0:01:11] Moni @monitalan: Are you there, Dave?
[0:01:12] Dave @DCBK2LA: Oh, no. You don't hear me already? Come on.
[0:01:19] Moni @monitalan: I'm gonna drop and come back. I don't hear you.
[0:01:31] Dave @DCBK2LA: Can you hear me now?
[0:01:34] Dave @DCBK2LA: No. Oh, wait. You do hear me now? Monica's dropped down. I see Monica's listener. She's not a speaker anymore. Oh, okay. You guys can hear me. That's good. That's good. It's good. Yeah. I mean, appreciate the thumbs up and the laugh emojis. Love you guys. It's great. I swear I get I get more emojis and reactions out of you fucking numbskulls when, like, the space goes down than, like, us dropping the the most ridiculously insane alpha ever. And it's just like, oh my god. The space isn't working. Technical problems. Ah. Like, belly laughed. Like, what... How? How? How? Gosh. We're all children out here.
[0:02:23] Moni @monitalan: Wait. What also did you drop that I missed?
[0:02:25] Dave @DCBK2LA: No. I didn't. I'm
[0:02:26] Kkoma @itskkoma: just saying
[0:02:27] Dave @DCBK2LA: when I do.
[0:02:28] Milo @0dteSPY: Oh, okay. Well, now
[0:02:30] Moni @monitalan: I can hear
[0:02:31] Dave @DCBK2LA: you and you can hear me. When you guys do. You know what I mean? It's like also, I feel I'm funny. I just... I'm just saying I feel I'm extremely funny. And lately, everybody here has just been crap, just so you guys know. I think I'm pretty... I've been dropping HellaGems bombs, and you guys laugh at dad jokes. Alright. It is what it is.
[0:02:53] Moni @monitalan: I'm not funny, but I know I'm not funny.
[0:02:56] Kkoma @itskkoma: So
[0:02:56] Dave @DCBK2LA: Right. Exactly. You know you're
[0:02:58] Milo @0dteSPY: not funny. You know what mean?
[0:02:59] Dave @DCBK2LA: Like, we throw you, like, the occasional, like, one last smile emoji. It's like, alright. You know? We gotta we gotta give we gotta give Moni the the the... Hey. You know? Hey. Thanks for trying. But then you get dad, the the queen of the dad jokes over here with her partner in crime. It's a mess. It's a total mess.
[0:03:18] NatNat @Natnatx007: Sounds like hating to me.
[0:03:21] Dave @DCBK2LA: Welcome to haters one zero one, ladies and gentlemen, where we hate on the world. Let's go. Wait. I'd like to know from the two of you, is Meredith Garcia l I a as well? She... She's new. Meredith, welcome. Thank you for coming to ATC. You are welcome here. Everybody is always welcome here at ATC. I just need to know, like, you know, if you show up on a crime scene and you're like, FBI, and we're like, okay. Cool. Like, show me a badge. You know? Like, I I would just... As a host, I would just like to know, is Meredith LIA?
[0:04:02] Dave @DCBK2LA: Oh, it's like this. First rule about LIA. You don't talk about the LIA.
[0:04:06] Moni @monitalan: We don't talk about the LIA, and we don't disclose who's part of it.
[0:04:10] NatNat @Natnatx007: We're everyone and no one. We're everywhere and nowhere at the same time.
[0:04:15] Dave @DCBK2LA: Mhmm. I see. I see. Oh, boy. Oh, I just got a notification that I received 10 USDC. Now the question is, is this real 10 USDC or Fagazy? You... Oh, it's the Fagazy kind. Love this. Oh, wait. No? Is it?
[0:04:36] NatNat @Natnatx007: Is it a drainer? We're we're about to find out?
[0:04:40] Dave @DCBK2LA: We're about... You all know. You about...
[0:04:42] Milo @0dteSPY: You gonna learn today.
[0:04:43] Dave @DCBK2LA: Well, how about this? My USDC balance on any chain has not changed to reflect the $10, so I'm going with nonsense. Be careful out there. Be careful out there. Milo came up. Milo, what's up?
[0:05:01] Dave @DCBK2LA: Did you come to laugh in my face on stage?
[0:05:03] Milo @0dteSPY: No. No. No. No. No. So I don't know if you saw, but Nir has a second ETF. Right? So we have the grayscale version, which is OTC, and then I think it's... I don't remember. NRR is the ticker. So we have a second ETF on n... On NIER. So if you got bags, think about that.
[0:05:28] Dave @DCBK2LA: The NIER bag... You got NIER bags?
[0:05:31] Milo @0dteSPY: Yeah. Of course.
[0:05:33] Dave @DCBK2LA: Yeah. The... Like, from where?
[0:05:35] Milo @0dteSPY: Oh, so, like... So so what I do, I think I've talked about this a little bit. Right? Like, I look at the filings for the ETFs. And then if I see, like, a low or whatever, you know, I'll go in. I'll buy a bag wherever, and I'll just, like, stash it somewhere, and then I kinda wait. So all of the grayscale products that have filed... What is it? The s one to come off OTC, I have bags of those and then some other products as well. But... So that's kinda like how I do the l ones and what have you.
[0:06:14] NatNat @Natnatx007: Oh my gosh. I just received the $10. So sorry. Sorry, man. The
[0:06:22] Dave @DCBK2LA: $10 holler. There's nothing simpler or easier in crypto than to get you to go look at that $10 and to rob you blind. Don't try and send it out of your wallet. Don't try and swap it. I'm telling you right now. Just let it be. It's not gonna show up in your stuff. You'll be good. Milo, but good... That... That's actually good shit. And yours been cooking lately. Any... Are people just finally waking up to, like, what NIR actually is? Is it, like, the AI boost? What do you think it is?
[0:06:48] Milo @0dteSPY: So, I mean, anytime you have, you know, you have an ETF that's gonna go, they're gonna have to accumulate. Right? So you have that phase and then, you know, like anything. Right? Like, people see that. They'll start to buy in. You know, it catches the narrative, and you know how crypto works.
[0:07:03] Dave @DCBK2LA: This is true. This is true. I've spoken to a lot of the people on the Near team. The guy Jay over there is cracked, bro. He's nuts. I've
[0:07:13] Milo @0dteSPY: had
[0:07:13] Dave @DCBK2LA: this guy on spaces 02:00 in the morning, and this is one of literally, like, their top develop... Like, one of their top developers, like, super high up in Near, and he just... Like, like, he doesn't give two shit. Natalie, this man curses more than I do on his face. I'm just letting you know right now. So if we ever get Jay here, he's very methodical when he sleeps, but shout out to him, man. Like, I... He's super knowledgeable. And, you know, I I know Cade, the big near guy. So shout out to the wolf... Excuse me. The wolf terminal.
[0:07:41] NatNat @Natnatx007: Terminal. Yeah.
[0:07:42] Dave @DCBK2LA: Excuse me. The wolf terminal. I need to get that right. The wolf terminal people, team, rather. Sorry. Guys, I gotta be honest. I was deep, deep in the AI video trenches today. I'm trying to get on the radar of the Grokbot team to try and get some of these, you know, rewards for people using, you know, GrockBots. Today's bot that I made... GrockBot that I made was how to build a GrockBot. Right? Like, why wouldn't you need an AI to help you build an AI? Like, it's the simplest thing ever. I used to do this all the time with custom GPTs. Right? It was like, okay. Just load this up and help me... Like, ask me some questions, and help me figure out how to use this. And it defines some terms for you. It builds everything for you, and voila. You too can then be part of the creator program if it's something that you wanna do. Right? So if you have an idea of, like, hey. I've had an idea for an agent for a, like, for a while, but I never really knew, like, what... Like, how to build it or I'm not technical. This is, like... And I... When I say this is legitimately for you, all you have to do is talk to Grokbot, and he will guide you through step by step exactly how you can get the bones and the structure in of, like, you now have an AI employee. Here's what I need to know from you. Right? And he asks you five questions. They're not yes or no questions. Right? You have to think about them in terms of what do you want this employee to do. Right? Like, how do you... Like, what is a typical day in the life of this employee? What does it look like? And then he will create the skills for you. So if you have no idea what skills are, don't worry. If you have no idea what routines are or automation means, don't worry. He will do it for you. And then next thing you know, you create your own template, and who knows? Maybe your bot becomes successful, and the freaking Grok bot team's tweeting about you. And then you can give me 10% of your earnings for putting you on. You're welcome. But, yeah, Monty, what's up?
[0:09:37] Moni @monitalan: So to build one, you have to have the Grok Pro, which is 28 a month? Or
[0:09:42] Dave @DCBK2LA: Yeah. At at minimum, I think it's, like, $28 a month or something like that. Yeah. 20 or $30 a month, I think. And I'll send you right now. Yeah, Milo. Go ahead.
[0:09:54] Milo @0dteSPY: So not to fudge you and your bot, but I ran this through Grok. And, some of the scripts that I used to check for if meme coins are gonna be a problem, it told me to just run my scripts and not use the Grock bot because it'd be less expensive.
[0:10:12] Dave @DCBK2LA: Right. How do you run your scripts?
[0:10:15] Milo @0dteSPY: Python.
[0:10:17] Dave @DCBK2LA: Exactly. Ask anybody else in this room. 90% of them will tell you, what... Is is that a snake? What the fuck is Python?
[0:10:25] Milo @0dteSPY: I'm not kidding.
[0:10:26] Dave @DCBK2LA: So you are not shitting on me at all. We are not even in the same realm of competition, my boys. So kudos to you. Good luck pitching your token Python scripts to sell to anybody. I do wish you the best of luck.
[0:10:41] Milo @0dteSPY: But I'm not trying
[0:10:42] Dave @DCBK2LA: to sell anything. Not competing. Oh. This is... No. No.
[0:10:45] Milo @0dteSPY: This is not to sell anything. This is, like, for me to use so that I know if I'm going into a bundled piece of trash, then I'm gonna get wrecked on. Oh,
[0:10:53] Dave @DCBK2LA: my my bot doesn't... Oh, my bot's not the bot. He might help you build that bot, right, for p... That might be easier for people to understand what that Python script is. Maybe you should do that if I'm being quite honest with you. Maybe there's a lot of people that would want that in crypto. So your call. But
[0:11:13] Milo @0dteSPY: Yeah. So it gives me a go, no go, or, and it tells me if I'm about to be a retard or not. But
[0:11:22] Dave @DCBK2LA: It's your retard, buddy.
[0:11:23] Milo @0dteSPY: It is. But it... I I have to get it to say, don't be a retard. That's what it's
[0:11:28] Dave @DCBK2LA: missing. Right. Got it. Will it say that, though? I actually haven't tested the limits of profanity Grokbot yet. So, yeah, it could be good.
[0:11:39] Milo @0dteSPY: I mean, I'm thinking if I just replace go, no go with retard, not a retard, I might be okay.
[0:11:46] Dave @DCBK2LA: Yeah. Maybe. It could be. But if you use Claude, probably not. Claude is way too woke way too woke over on the Anthropic side. They are no good. But Grok? Dude, Grok was creating me freaking sniper bots and shit, so it was pretty dope. So, yeah, give it a shot. Who knows? Alright. I don't know what's going on in crypto today. Yes, Natalie, please.
[0:12:09] NatNat @Natnatx007: Yeah. So did you guys... I don't know if you guys can hear me okay. I know I'm with the kids, so there's, like We
[0:12:13] Dave @DCBK2LA: got you.
[0:12:14] NatNat @Natnatx007: Okay. So I don't know if you guys saw last night. So it's... I think it was yesterday, right, when the the president renamed AI from artificial intelligence to superintelligence?
[0:12:25] Dave @DCBK2LA: We talked about it here on the space. Where the hell were you?
[0:12:28] NatNat @Natnatx007: Probably not paying attention.
[0:12:31] Dave @DCBK2LA: Eating cereal again this morning.
[0:12:33] NatNat @Natnatx007: My bad, guys. Okay. So PCE to the... Today, new formula. I was researching this. Right? So what's changed is how it turns dollar spending into price versus quantity. And what they did, they split it to three categories. One, portfolio management and investment advice, legal services, and computer software and accessories. Right? Those three changes plus the usual annual source or the usual how they calculate it are... Could be seen as part of the reason why the numbers came in lower than expected. Right? Because the numbers... I don't if you guys saw it, Mike. I don't know if you saw it earlier this morning, but, it came in through point... Plus 0.3. The overall consensus was was plus 3.4. Core PCE, point... 0.2%. The expectation was point zero three.
[0:13:40] Dave @DCBK2LA: Right. And what... Okay.
[0:13:43] NatNat @Natnatx007: So the... What this... What they're getting at is the... And this was all over my timeline today. The reason why the numbers came in lower than expectation is because of the new way it's calculated, the new formula.
[0:13:56] Dave @DCBK2LA: What does that mean for the what does that mean for the greater market, I guess? Like, across... Like, what, like, does it... What does that affect directly, indirectly?
[0:14:04] NatNat @Natnatx007: So, usually, when inflation is hot, the market does not like hot inflation. Right? Because then the Fed would have to raise more to cool inflation. So the whole consensus is to bring inflation down to the 2% goal, which you... As we know, inflation has been sticky for a really long time. So, hence, the new formula to bring things down. Markets did did, you know, gave... Give us a nice pump earlier today. Some of it sold off. Right? But it's not uncommon to see market sell off pending other data points that are yet to be released this month. So it's gonna be very interesting to see how it plays out. This was the first print under the new formula, quote, unquote. I think the next one is gonna be very interesting as well given the current spike in oil.
[0:14:47] Dave @DCBK2LA: Got it. What is... Sorry. Go ahead, Milo.
[0:14:50] Milo @0dteSPY: My friend claims his own personal inflation is 8% when factoring in gas and food.
[0:14:59] Dave @DCBK2LA: Could he be right?
[0:15:01] Milo @0dteSPY: Yeah. He's kinda like a farm nerd, so he's always the one that, like, kicks out, like, the farm reports and stuff like that. He's been pretty reliable over the years.
[0:15:13] Dave @DCBK2LA: Interesting. Okay. 8%. How the hell do you come out of 8% inflation? What the hell? My goodness.
[0:15:25] NatNat @Natnatx007: Yeah. That, I mean, we've had this conversation before, right, when I believe Cool shared a website, the TrueFlation website, and it talks about and it tell... Tells us over the years what the what the real inflation numbers are. And granted, this is not the first time where inflation has been recalculated. I remember a few years ago, we were on this space as well when they had a new formula. But it... Probably not via new formula, more like they took stuff out and kept what was essential. Do you remember that space where we kind of, like, we mentioned that if they keep taking stuff out, there's only gonna be, like, one thing left. But over... That wasn't the first time that was done either. Over the years, the measurements have changed, and the way they calculate it has changed as well. Okay.
[0:16:14] Dave @DCBK2LA: P c... What is PCE again?
[0:16:18] NatNat @Natnatx007: PCE? Yeah. Price consumer. I believe it's... No. That's PCI. Hold on. I'm a get the acronym for you. I believe it's price consumer
[0:16:29] Milo @0dteSPY: I know
[0:16:29] Dave @DCBK2LA: I know producer price index, PPI. But
[0:16:32] Moni @monitalan: what's PCI?
[0:16:33] NatNat @Natnatx007: So personal consumption expenditures.
[0:16:36] Dave @DCBK2LA: Ah, okay. Copy. Personal consumption expenditures. Got it. You heard it here first, kids. Personal consumption expenditures. Right. Let's get into it. I got my rundown here now. Opened up my email. I got my little trusty rundown. CFTC rules, college fees raising at 40,000,000,000. BTC still at $83.84 k. I mean, that's still... I mean, BTC still holding these levels is kind of impressive. No. It's gotta be a good sign. Yeah?
[0:17:04] NatNat @Natnatx007: How long do we gotta
[0:17:05] Dave @DCBK2LA: hold out over here before we move the next leg
[0:17:07] NatNat @Natnatx007: Yeah. So we're we're watching the monthly close and the quarterly close tonight. It's gonna tell us a lot. Right? But it is... You're right. It's absolutely holding strong. Looking to see if we were able to close, at that 83 k mark and then see if it gives us a higher low. Right? We need those two combination. There was a space many... A a few weeks ago as well. Well, honestly, we've been talking about this multiple... In multiple spaces when we were given our loan number. And one thing that we mentioned for me, what will be my invalidation of that 3535 to 25, it would be closes above a 100 k, and that has been the same for the majority of the year. Right? So now if we do get that that, that close at 83 k and we do get another higher low, do we start to see closes above a 100 k to completely invalidate the thesis of lower? That's something I would personally be looking at. I know, Landy's numbers are a little bit different, but for me, that 100 k has always been that benchmark for any move to the downside. Granted, a close below... A close above 83 in a in a higher low would definitely push us into the direction, And the overall consensus would be, okay. There's a big percentage now that the bottom is in. But for me, personally, I like closes above 100. Let's see if we get there. But it is a big close because we have the the monthly close, and we have the quarterly close.
[0:18:34] Dave @DCBK2LA: Got it. Yeah. So bit... Bitcoin's about to close its best September on record. This is the best September Bitcoin has genuinely ever had. It's up over... I think it's something, like, 40 something percent right now for for for the month of, for the month of September, which is kinda wild.
[0:18:48] NatNat @Natnatx007: And call me crazy. Right? But then we have a space about alts and what have alts done. Right? You're seeing the pump across the board. Right? Even Hedera had a 40% day. We had XRP that's been pumping. We have stats that had a 11% day today. Right? We have... We had Aerodrome that has been up over 200 since we originally mentioned it. Lit has... Lit went as high as almost 500% before the pullback. Right? So we've seen some nice movements in the off since that space that we've had.
[0:19:19] Dave @DCBK2LA: Got you. Yeah. It's good stuff. Yeah. Bitcoin closing on its best September. I mean, this call sheet news is kinda boring. It's like... Well, not boring, but it could have really big impacts, I guess. Essentially, the CFTC is now trying to end the prediction market war by essentially just rewriting the dictionary. They're essentially trying to redefine words that have already, like, set meeting set meaning. Excuse me. Rule one defines event contracts as, quote, swaps under the commodity exchange act. So federal jurisdiction that essentially preempts all state gambling. And then rule number two is an interim final rule excluding, quote, casino style gambling products. So we're... They're just saying, f you. We're excluding all of you. And it is under interim final, which means effective immediately on release, no notice, and comment. I don't know. There's one sitting CFTC commissioner. There's four vacancies. Trump's, Trump's cabinet is... You know, Trump's saying, you know, we're not filling these yet. They said they've interviewed people, but, have not found any people for the job. I think we touched on this yesterday where we said there's only three of them that are acting commissioners right now between the SEC and CFTC. I think Matt, you said that. Right? So it's... Yeah. I I don't know. Calshi's raising another billion at a $40,000,000,000 valuation.
[0:20:44] Moni @monitalan: I'm surprised the Wall Street Journal story didn't have any impact on Calshi. They just, it was like, it never happened moving forward.
[0:20:53] NatNat @Natnatx007: You mean the volume on on their platform?
[0:20:56] Moni @monitalan: Yeah. I remember that story about the... Like, wouldn't that impact how how you're raising? At least, you know, if I was an investor.
[0:21:04] NatNat @Natnatx007: I think because of... I mean, I hate to say this, but it's not on... It's not an uncommon practice for some of these crypto or perp decks to, like, inflate their volume. It's horrible, but it's not uncommon in the space.
[0:21:30] NatNat @Natnatx007: So it's the loo... Here we go. All on this
[0:21:34] Milo @0dteSPY: little bit. Yeah. Love
[0:21:39] Dave @DCBK2LA: it. Love it. Love it. Okay. I know we semi touched on this yesterday, but Robin Hood releasing 10 x leverage perps, I mean, what do we... What... What's the general consensus on this? I feel like perps are now going to take this, like, every market by storm. I think crypto is perfectly positioned for this. I think this is the next foray into how people are gonna make a shit ton of money. I also think this is how people are gonna get burned out of a lot of money, whether people are getting pay... Like, you know, companies are refusing payouts or pushing payouts or whatever. I just... Like, I don't I I don't know. Right? Like like, jury's still out for me. I'm just, like, starting to catch up now to obviously all of this. You know, us being with vest and everything. Like, we were wearing the vest badge. So, like, I'm just starting to do my homework with a lot of this, like, PerpExchange stuff or perp decks shit. Khalshi obviously brought perps here. I don't know what the deal is there. I don't know what kind of volume. Do you remember that whole scandal that we talked about last week here on ATC? So we gotta catch up on on a lot of the perp stuff, but I feel like perps are gonna are gonna dominate the converse... A lot of conversations in the very, very near future. Yeah. Milo, go ahead, Moe.
[0:22:54] Milo @0dteSPY: Just redefine print when it comes to Robinhood. Historically, they've been known to close contracts on option markets a half hour early. I know a lot of people that have had positions wrecked because they do that. Just be careful with them. Be careful with margin. If you don't know about margin, please please be careful. I've known a lot of people that have blown up over... Blown up accounts using margin, and it turns into a freaking nightmare. And I don't wanna see that happen to anybody.
[0:23:28] NatNat @Natnatx007: But, Milo, in terms of the contracts closing early, some of them do have, early closing disclosure, though, especially on zero DTEs or weeklies on SPY and QQQ.
[0:23:40] Milo @0dteSPY: Sure. But but Robinhood specifically is known for taking your contracts early on zero DTEs. Right? They will close your contracts at at, at 03:30. I'm on different brokerages. They don't close my contracts on zero DTE. It is what it is. All I'm saying is read the fine print, and be careful if you start playing with margin if you don't understand margin.
[0:24:06] NatNat @Natnatx007: Yeah. So I think the the margin part... I'm glad you mentioned that. Combining margin with options... Margin within itself is risky. Options within itself is risky. By combining them both, it can be a recipe for disaster. You're absolutely right. There was a... I think it was in 2022 where a lot of people... This was during the
[0:24:33] NatNat @Natnatx007: the stocks... The StockTwits saga. Remember when StockTwits was, like, the app, the popular app to go to anything stock, anything trading? Back then, it was so sad to see the amount of people that got blown up using margin because you get margin called, and a lot of people did not understand what a margin call is back then. So Milo is absolutely right. If you don't know what a margin is, how to trade with margin, the importance of of what can happen and you get margin called, what does that mean, how does that affect your portfolio, how does that affect your trades, then definitely, you know, stay away from it.
[0:25:11] Milo @0dteSPY: I mean, we had people we had people that were getting semi blown up on yield positions by using margin as well. So, it can happen in a variety of ways. Just please be careful. Please read the fine print. I don't wanna see anybody catch that margin call.
[0:25:32] Dave @DCBK2LA: Or if you're trading leverage in a prop account, I'm just saying, you put $10 up, you give 500, you lever that up, most you lose is $10. Might be worth it if it's something you might wanna consider. But, yeah, you definitely... Like, if it's your trading, if you're like, oh, I wanna test some stuff out. Like, this is the kind of stuff you use best for. Like, don't freaking use your own freaking money, okay, to start testing out, like, margin. Don't do it and leverage. Don't don't do it. Not smart. Alright. Good PSA, guys. Good PSA. Also, shout out to some of the regulars I see here. Some of those in the cabal chat that don't follow the ATC account that I just went to go say what's up to via emoji, but I do not see a follow. Consider yourself warned. Consider yourself warned. Okay. What else we got? The Fed just put hard numbers on stablecoins, and the runway to January is brutal. So the Federal Reserve finally told stablecoin issuers exactly what they have to hold and how fast they have to pay you back. Two business days at par. Meaning, you give them a thousand USDC, they gotta give you back a thousand USDC. And you... Or the two business days at par or you're not a stablecoin. Now I feel like that last part is a little bit like, hey. People can get away with a lot of money before they get to say, hey. You're not a stablecoin. So you can rob a lot of people by still saying, hey. Didn't give you back at par. Federal Reserve says you're not a stablecoin. Okay. I still got your money, though. So not sure there, but two Federal Reserve proposed rules published in the register officially yesterday, which means that is on the way to Genius Act, which you guys remember is passed now. That becomes effective January 18 or a hundred and twenty days after the final rules are obviously set. We still have no clarity, but we have genius. Yeah, Monie.
[0:27:29] Moni @monitalan: Well, on that note, did you see Cloudflare introduce NetDollar, which is the new US dollar backed stablecoin that's gonna enable instant secure transactions? It's built on base... With Coinbase. They have currently... I shared the note that they're doing a pilot right now with four companies, but I think that's a really interesting one that we should be watching.
[0:27:54] Dave @DCBK2LA: Cloudflare. That's an interesting one. Right? Like, I use Cloudflare to, like, register my domains and move my DNS records and stuff. Like, they're issuing Stablecoins.
[0:28:03] Moni @monitalan: Because remember that they're launching where you can get paid by how bots interact with your with your website?
[0:28:10] Dave @DCBK2LA: Oh, right. Right.
[0:28:11] Moni @monitalan: Right. That that payment is gonna be with their stablecoin.
[0:28:15] Dave @DCBK2LA: Right. What was that called again? The web web everything web m c p or something like that?
[0:28:19] Moni @monitalan: Something like that. Don't remember. But remember AWS is doing the same. They haven't announced how that payment will be, don't think, with AWS. But both are doing the agentic based on bot engagement with your websites.
[0:28:34] Dave @DCBK2LA: And for those that are wondering what the hell we're talking about, so remember all those acronyms we use and all the numbers of x four zero two and all that. That's what this is. Right? Like, literally pay per transaction being able to ultimately transact like this, but in stables too? They need that first, I think, before they could start implementing all the rest of the stuff because I think that is gonna facilitate the x four zero two. Right? So they need the federal... They need the government to essentially say, hey. You are an official stablecoin issuer. That then brings kind of the the calmness, I guess, if you will, or the the brand name or the... What's the word I'm looking for? But I think you guys get what I'm saying. The government stamping... Giving you the stamp. You're cleared. You're good. And it's just... It kinda opens the door and opens the floodgates for for for some of these companies. Alright. What else we got? September was the worst month for crypto hacks all year. I didn't say all time. I thought I was gonna say all time. Seven hundred and sixty six million dollars was hacked. Nobody flinched. Yeeh. Lyle, did you come up for the hack story, or did you come up for the for the... Why don't you just stay up here, dude? Like, I don't know why you keep dropping down so dramatic.
[0:29:50] NatNat @Natnatx007: Stay up, man.
[0:29:51] Milo @0dteSPY: I I was I was gonna work out, but now I'm, like, distracted. So I'm just gonna stay up and do whatever. Alright.
[0:29:59] Dave @DCBK2LA: Alright. Well well, alright. Good. Welcome.
[0:30:03] NatNat @Natnatx007: So what... I do have a question, which is very interesting, right, being that September was one of Bitcoin's most bullish months, but also the the month in which we saw most hacks. That's kind of interesting to me. Typically, we see hacks and exploits increase when BTC is doing the opposite. Right? So, like, when BTC is nuking, bear market wise. Right? We're seeing hacks and exploit all over the place, which we we saw a lot of this year. But September being BTC's most bullish month, why do you think it related or correlated to, the increase in hacks?
[0:30:48] Dave @DCBK2LA: That's
[0:30:48] Moni @monitalan: the question. Because of AI is just making it easier to hack.
[0:30:55] Dave @DCBK2LA: 100%. I agree with that. I think, like, I don't... Like, we don't even know. Like, we're over here building websites and applications and alerts for crypto launches. But yet, like, the dark web is out here being like, I'm going to figure out a way using these tools, using the black market version of the tools we're using, by the way. Right? So the unhinged, unfiltered, un everything, just unleashing to be able to essentially say, how do I rip these people off and do it in the sneakiest way possible? And it will probably map you out a fucking plan. So it is... I think it's one hun... I agree with Marty 1000%. I believe it's 100% AI.
[0:31:37] NatNat @Natnatx007: Yeah. That makes a lot of sense. So I I was just about to say that. So as AI progresses, as as we, you know, feed it more information, do we see an even bigger increase in these hacks? Right?
[0:31:51] Dave @DCBK2LA: Yeah. I mean, think about it. Right? Like, the Bybit hack, if you guys remember what caused the Bybit hack, it wasn't a it wasn't a hack. Right? It was literally them, like, tricking, like, changing the UI on somebody's, like, screen for them to think that they were sending it somewhere when they were sending it someplace else. So they didn't hack the smart contracts, but now you're literally seeing, like, hacks, actual hacks, which is kinda nuts. Still socially engineered, obviously. Like, that's gonna the mix between hack and socially engineered, the lines are gonna get blurred now. But, dude, for... Certix monthly end... Month end tally, 766,400,000 in confirmed losses. Mind you, that's probably not include... I don't see that anywhere here in the list. That's just crypto. That's not the 70,000 that were recently stolen. If you guys saw that by that white hat hacker who's now saying he wants to return them to to zero x quit. I don't know the full story there. No. No. I don't know if you... If you're up to date on it. Coincong, if you have any information on it, would love, obviously, if you guys have anything to contribute there, but this isn't counting that. And when you look at, like, the actual NFTs that were stolen, that will easily contribute to another nine digit figure. Not even a question in my mind. There is Bored Apes in there. There's... I mean, you name it. There was, like, the creme de la creme in there. So I don't know, man. Wallet security needs to be a thing. You guys obviously... You guys heard Coma got hacked recently. Like, you have to be on top of every single thing. Yeah. Seven... But why BTC? That... Yeah. AI. AI. AI. I don't know why BTC, though. But I think it's just AI. That's your answer. Or at least
[0:33:31] NatNat @Natnatx007: my my answer for you. I 100% agree. My concern is as things progress, it might it might get a little crazy. It might get a little crazy. So then at one point, we are... In order to stop the the fire from getting wilder, this is why I do think crypto needs some kind of guidelines or some guardrails. Right? This leads us back into, what the CFTC issued out, but also something, to replace the Clarity Act to help push things the right way. Because I... Even though I don't think the Clarity Act or any of those guardrails are going to stop the hacks from happening per se, right, especially if they're AI related, but I do think it'll dampen it a little bit in my opinion.
[0:34:20] Dave @DCBK2LA: Yeah. At which kind of... This is kind of the next story. So that was CFTC. Right? So now the FTC, right, the Federal Trade Commission has opened an investigation into OpenAI and Anthropic over their AI agents going rogue. You guys remember some of these crazy stories that we read to you over the last month? And if you remember or if you read this story, which was probably buried amongst OpenAI dev day, OpenAI actually killed a model for the exact same reason just yesterday. Right? Like, for fear that, like, wait a minute. This is doing some weird shit. Right? So I forgot what the model was, but essentially, like, a...
[0:34:53] NatNat @Natnatx007: Wasn't it Astra Astra or something like that?
[0:34:56] Dave @DCBK2LA: Was it Astra?
[0:34:57] Moni @monitalan: I think so. But maybe the next Astra model. I don't know.
[0:35:02] Dave @DCBK2LA: Anyway... Yeah.
[0:35:03] Moni @monitalan: And they hacked... Didn't they hacked, like, the Australian government?
[0:35:07] Dave @DCBK2LA: I don't even know. Yeah. There's just so many. Oh, yeah. That's what it is. So the count... OpenAI scrapped the October release of GPT 6.1 Astra. It found deceptive behavior, operation behind the intended scope, and the ability to evade human oversight. It failed its safety audit. That is the first time I've ever heard OpenAI say something like that. Hey. Our AI failed a safety audit, and it's evading human oversight.
[0:35:36] NatNat @Natnatx007: Yeah. I just shared
[0:35:37] Moni @monitalan: the story also. In June, its models breached the Australian government websites, and they're now now, like, pledging a new task force. They said, sorry. Our agents went rogue.
[0:35:51] Dave @DCBK2LA: Yeah. This this is funny when you put... Like, look at all the different headlines from the week. Listen listen to how this reads. In one forty eight hour span, OpenAI canceled the model for evading oversight and shipped always on autonomous agents with browser access to 4,000 apps.
[0:36:09] Dave @DCBK2LA: It it just reads really funny. Right? Like, I don't know. It's a... I guess disclosure or disclose risk. I don't know anymore, man. But CFTC and SEC are kinda just like, what do we do here? Like, even though they're seeing almost a billion dollars in hacks, but Bitcoin's rising. So maybe they're just like, but the FTC is like, nope. We're doing something. Who heads up the FTC, actually? It'd be interesting. I gotta figure out who that is. Who this gentleman or female actually is. I think we talked about OpenAI, wanting 30,000,000,000 at 1,400,000,000,000... At a $1,400,000,000,000 valuation. Anthropic filings are showing a $42,000,000,000 loss, and crypto traders are pricing both. I think we talked about that already, and we talked about the Cloudflare story. That's what I got.
[0:36:59] Moni @monitalan: Well, the other... I just shared yesterday, I guess, after... Was it yesterday or today? The... Was a pledge that was released with the different AI companies and the US government to shape the the Trump AI, but the scoop is that Zuckerberg actually hit... Helped shape this. I guess the story is that at the state dinner last week, Zuckerberg sat next to Mike Johnson and pitched him on having this pledge. They involved, the CEO of NVIDIA and together... Kinda they put this together, and they had the other leaders... Industry leaders sign in. So interesting how things happen. In Washington, I don't know if... Or what impact this will have. Also, I don't know if they call it an AI pledge or an SI pledge. All I know is that every time I see SI, I think SI, and so I have to be careful to not think in Spanish.
[0:37:53] NatNat @Natnatx007: I think sports illustrated, but also SI.
[0:37:58] Dave @DCBK2LA: I think swimsuit edition.
[0:38:02] NatNat @Natnatx007: No? Alright.
[0:38:07] Dave @DCBK2LA: Let's see what other some notable ones are. Guys, do you remember in 2021? I'm gonna I'm gonna I'm gonna read off a ticker. And if I don't get a visceral reaction, I don't know what the hell you guys were doing in 2021. Do you remember Quant, q, and
[0:38:21] NatNat @Natnatx007: David. Oh, but, David, this is the story that I covered that you said you didn't like because it was coming from The UK. Oh my god. Yes. No. Yes. Okay. So, Quant, their their technology... I forgot exactly what the what the story was, but they did something. So... Oh my goodness. Lloyd's, UK banks, they did something on the
[0:38:47] Dave @DCBK2LA: They ran into
[0:38:48] NatNat @Natnatx007: this with Quan. Technology. Yes.
[0:38:50] Dave @DCBK2LA: Right. So they're... So what Quan did... And, I mean, if you did not... Like, this was, like, the darling of darlings in '20... And this was, like, Chainlink and Kwan. Like, these are the musts. This is the infrastructure. And speaking of UK and infrastructure, the blonde with the terrible haircut has officially just come up.
[0:39:07] NatNat @Natnatx007: And we covered the story on ATC literally the day before it started going crazy. Hours before it started going nuts.
[0:39:14] Dave @DCBK2LA: Right. Called it, I guess, then.
[0:39:17] NatNat @Natnatx007: You don't like the story, though.
[0:39:19] Dave @DCBK2LA: That's fair. I might have I might have hated the story, but I can't hate the move.
[0:39:22] NatNat @Natnatx007: You know? So if
[0:39:23] Dave @DCBK2LA: you called it, you called it. That's what... It is what it is. But, I mean, that's part of a 300% multi week run so far, and it's still good. But here's here's the reason. Right? The fundamental... The news, I guess, if you will, around this is, they're named the interoperability and orchestration layer for all of these now. What they, I think, kinda rebranded to is tokenized deposits across 25 of the major US banks, and they do that via a partnership with the clearinghouse, which is settling, if you guys remember talking about this, settling over $2,000,000,000,000 on a daily basis. Right? Like, that's money that's moving around, and that's utilizing quant technology. And this was the biggest selling point in 2021 why everyone was so bullish, but they didn't know this specific use case. They had no clue. Right? Like, nobody nobody foresaw this. But now that there is... No pun intended. There's clarity here, and there's, like, you could see this and actually make sense. It's like, holy shit. This thing really is gonna be ginormous. So I don't know what kind of cut they're gonna be taking, how much money they're gonna be making, or what that means for token holders, but people are liking it. So if you are a quant holder and you've been holding, hopefully, Milo is still a community member for QNT and not some fucking cat community. This one's cute. There you go.
[0:40:52] Moni @monitalan: The fines are gonna be good today. Right? And
[0:40:54] Dave @DCBK2LA: Yeah.
[0:40:55] Moni @monitalan: Yeah. Up. So good for you, Nat.
[0:40:59] Milo @0dteSPY: That's
[0:41:01] NatNat @Natnatx007: right, Monica. Speaking of HEDERA, so when that Q and T news got released, we saw a nice pump in the, quote, unquote, utility tokens, you know, which are XIP, XLM, ADA, and, obviously, HEDERA. So I wouldn't rule those out. Those tokens are... They've been here. They've been proven themselves. They've been able to integrate across multiple countries. I believe we I sent you a story about... I forgot who exactly they're working with, but it is Salvador. They're they're doing something, I believe, is with, Algorand still, Bolivia. Right? So I think Algor is definitely not one to sleep on either. And I've been pounding the table on this for a while. Don't fade the Dino tokens. I like to play with
[0:41:48] Dave @DCBK2LA: ADA ADA is considered a utility. So what utility does ADA have? Anyone? Bueller? Exactly. DocNooNoo, I saw you came up. What's up? How are you?
[0:42:01] DocNooNoo @doc_noonoo: Good. Thank you. No. You were just asking about what happened with the Magic Eden exploit, so I just thought I'd come and clarify. It wasn't the NFTs that were returned. So there were actually two exploits. So the original exploiter got about 305 NFTs. And then after that, another exploiter came and took 30,000 NFTs. And that was after Oxquit rescued, like, $5,700,000 worth. But the the account that contacted Oxquit to return some funds was actually a MEV bot operator who was also rescuing them. And they messaged Oxcrit saying we've rescued this much in Weth, and it was around 280 worth, I think. And they contacted him saying, like, the process in returning it to, like, the people who got drained was complicated. So could you help us distribute it back to them? And I know, like, one of the account, Allo Dev, got around 5 ETH back through this. So, yeah, there's still around 30,000 NFTs sitting in some random wallet, and being trying to contact them saying if you wanna return them, let's figure something out.
[0:43:11] Dave @DCBK2LA: What's the deal? Like, is is it a white hack? Is it, like, how do... Like, what... Where's the color on this? Like, I I don't I don't get what's going on. Was somebody hired to do this? Did they just do this and now they're returning it? Like, any any... Anything here on this?
[0:43:27] DocNooNoo @doc_noonoo: I I know on Meta Beast space the other day, they were discussing this. Maybe Meta Beast can shed light, but, you know, there's suspicions. Like, there were conspiracies saying that whenever, like, a platform or something closes down, there's also... There's always that one last hurrah. Like, how how can we squeeze out that last bit of money before we disappear? So people are thinking it's an inside job or that it was staged, and then there's people saying that it's Ox quit who staged it so that he'd come out as the hero. But, yeah, I guess we'll never know. But right now, yeah, there's, like, 280 worth that was taken by the MEV bot that's being returned. And this 30,000 NFTs just sat in a random wallet that nobody knows who it is. And then the 305 that were taken by the original exploit.
[0:44:11] Dave @DCBK2LA: When you say the mev bot, as in, like, it's just a a guy who ran a mev a random mev...
[0:44:15] DocNooNoo @doc_noonoo: Yeah. Sorry. Mev... Yeah. Yeah. The mev bot operator. Yeah. So my... I I only lost about $25 worth because that's all I had in my magic eaves and wallet that I forgot about. And that was, like, when I followed that on the blockchain, it was the... Was it coffee girl or something like that, the name was? And she's like a known mev bot operator, coffee girl or coffee lady or something something along those lines. Yeah. So it was a mev bot operator who decided to rescue the rest of the funds before somebody else malicious decided to take them.
[0:44:44] Dave @DCBK2LA: Interesting. And do they take a fee or no? Like, what's, like, do we
[0:44:48] Voice G: Yeah. So the MEV bot operator is keeping, I think, 20%. They said they'd return 80% of what they rescued.
[0:44:54] Dave @DCBK2LA: Oh, so, I mean, that's kind of the best That's the... We talk about the... That's the best bounty ever. Right? We were talking about it with Drew where it's like, you rescued this shit, so you get to decide how much you pay yourself. You know what I mean? Which, in my opinion, I think it's fair, if if I'm being honest. And 20%, you got off cheap. 100% of nothing is still nothing. So you got 80% of something. Yeah.
[0:45:15] DocNooNoo @doc_noonoo: Yeah. I've I've asked this question before. Like, if somebody accidentally sent you, like, a million dollars on the blockchain, would you return it all? Would you, like, expect them? Would you keep some for the trouble? Like... Or would you would you just wait for them to offer you something?
[0:45:29] Kkoma @itskkoma: What's next?
[0:45:30] Dave @DCBK2LA: How about this? My biggest v v claim to fame, DocNooNoo, is when I sniped a Fantastic Four secret rare that had a $13,500 floor. My first instinct was to return it, and I went above and beyond for three days to try and find who the user was out of thousands of VV users to be able to return it, only to find and come to the conclusion that it was someone that actually secured the comic book via a bot or a script, which the rest of us were not using. So he prevented all of us from doing it. So I decided I deserve a 100% of this. So I said thank you very much. I'm keeping your comic book, and that's karma coming back to bite you in the ass. Thank you.
[0:46:10] DocNooNoo @doc_noonoo: And something happened to me recently. I had a FUGS listed for, like, 0.09 ETH. And when the sale went through on OpenSea, for some reason, it went through for 0.28 ETH, is, like, I don't know, three three times the price I had it listed for. So was like, I don't know what the hell's happened here. But, yeah, the person who was affected contacted me, and I just gave them their money back. Yeah.
[0:46:33] Dave @DCBK2LA: Wow. How did you Yeah. I wouldn't have
[0:46:35] NatNat @Natnatx007: turned those.
[0:46:35] Dave @DCBK2LA: Did you have to... Sorry, Nat. Real real quick. Did you have to determine... Like, how did you determine that it was that person?
[0:46:41] DocNooNoo @doc_noonoo: Well, it was the wallet. So, obviously, like, I just returned it to the wallet that bought the NFT off me. He contacted me by DMs because he's part of the FUGS community, and he said that somebody said that it was my NFT that was listed, and he found me on x and DMs me and basically asked whether I could, like, send the money back. And I was like, I could send the money back, or you could send the NFT back, and I'll send the whole amount rather than the difference. And we decided to go for that instead. So he sent the NFT back first, then I sent his funds back.
[0:47:11] Dave @DCBK2LA: I mean, that's not a story you hear every day in crypto, boy. We just got done telling people $766,000,000 was stolen in September. So just FYI, like, come on, man. Good shit, DocNooNoo. Love that. I mean, I can find many of you out here. I'll tell you that much.
[0:47:26] Moni @monitalan: Hey. Can we talk about credits again? Since the credits Because before before we lose DocNooNoo because then we lose her.
[0:47:35] NatNat @Natnatx007: So did we decide what we're gonna do? Oh, and, Monica, I saw that you you opened up... I... You created
[0:47:41] Moni @monitalan: No. No. I didn't create it. I ended I ended up not creating it. So as we were debating it yesterday, I didn't realize Jack had created one or two credit unions maybe, and I was like, damn it. I missed it. So, anyway, so he was active. I think at this point, I should check how many there are. Not all of them are filling up because I think everybody's trying to figure out what's gonna make the most sense. There's 82 credit unions that are... That people have started to grade. Only 13 are full. I actually joined one with one of my credits. It was one of the ones that's not worth a lot, so I said, well, let's see if I get anything out of that. But the other one that I joined, there was only two of us. So only two credits, so I pulled that one because I was like, we're not gonna obviously fill it. But tomorrow's the day. Right, DocNooNoo?
[0:48:38] Voice G: Yeah. I believe October 1 is when it opens.
[0:48:42] Moni @monitalan: So we don't know what's gonna happen. The thing is that one of the things that they created with Credit Union is is where you can create pictures. But where I think the fail is is that you can't... You have to... The only option is to buy credits to participate in the pictures, and so people aren't doing that. Right? Even though the ones that failed, it's because you had big names behind them. I would just monitor to see if any big name tries to create another one. And then the other ones aren't... I mean, there's a couple. There's one that's black and white. It's just... It just needs five more credits to get filled, but the rest are pretty far. Like, some of them have nine, some of them have 10. So we'll see what happens tonight if people start to... You know, we'd like to procrastinate procrastinate in in this this space. But I decided not to not because of those numbers. Right? You have 82 of which only 13 have been filled, so not sure it's worth it. But we'll see what happens when Yeah.
[0:49:44] NatNat @Natnatx007: I just saw... I just reread I just reread your post. You joined an... It's called early?
[0:49:50] Moni @monitalan: Yes. So that one, remember I told you that it was worth more because it was one of the first... Well, it wasn't one of the first ones, but I was early to buying it. And so I went ahead and put that one in. But I have I have one with two eights, two with one eights, so I'm holding on to those since... And then I have I have six in all. I wasn't close to the 80.
[0:50:18] NatNat @Natnatx007: Should we create our own credit? How much do... How many credits do we have in total?
[0:50:22] Moni @monitalan: I don't know what we have, but Metapiece has one. I have five.
[0:50:28] NatNat @Natnatx007: I have one.
[0:50:30] Milo @0dteSPY: We don't yet.
[0:50:31] NatNat @Natnatx007: Are getting there.
[0:50:32] Milo @0dteSPY: We get How can we have enough? Can we have more. Oh my goodness.
[0:50:37] Moni @monitalan: Which is the issue that everybody's having.
[0:50:41] Dave @DCBK2LA: Damn. Just... Come on, guys. And then what's an extra 5 to 7,000 amongst friends? You know what
[0:50:46] Milo @0dteSPY: I mean? Like, what are
[0:50:47] Dave @DCBK2LA: you doing? The heck? Crazy.
[0:50:50] MetaBeast @AKCMetaBeast: Can I?
[0:50:52] Voice G: Sorry. Can I ask, Moni, like, do you have an idea of what you think the statements are gonna be valued at?
[0:50:57] Moni @monitalan: I think it's gonna vary. Right? So I do think the statement that he made that Jack made obligatory, I'm sure that was gonna be worth a lot. It's like the the Mona Lisa, I think. And so I I really have no idea. And that's where nobody knows, and that's why nobody wants to join a credit union. Right? Because everybody's like, okay. I may not make any money if you're only gonna get, what, one point whatever percent of the sale. We said So
[0:51:28] Dave @DCBK2LA: We said we said one eightieth of 3 ETH, which is what we... The example we gave yesterday, DocNooNoo, $125. So you got $50 upside. Yay.
[0:51:39] DocNooNoo @doc_noonoo: Yeah. We we actually predicted this pretty spot on. Like, before the credits got dropped to our wallets, we kind of calculated backwards from what we think a statement would be worth. And we said, like, 3 ETH tops, and then we divided it by 80. And I think, like, we put a price of, like, point zero two five to point zero five on the credits. I think we were pretty accurate.
[0:51:59] Moni @monitalan: And right now, that's where they're... The... They've been. Right? I I think they got up to... They went up a little bit. Right now, I think they're a little bit down. But nobody... I mean, I've talked to several people who have asked me, are you gonna launch the credit union? And when I say I'm not sure, and they're like, yeah. I don't know if I would do it because I wanna see what the upside is, right, if I sell it on my own. So I think everybody's on a wait and see model.
[0:52:28] Dave @DCBK2LA: Yeah. Yes. We'll see. Yeah. Milo, go ahead, and then I'm gonna go to Medabista with a Tacoma.
[0:52:32] Milo @0dteSPY: There must be something wrong with me because I don't understand any of this crap. I think it's incredibly stupid, and it looks like one of those, like, miniature adventure books. Don't get it.
[0:52:43] Dave @DCBK2LA: You're a retard. I'm hitting the button right now.
[0:52:45] Milo @0dteSPY: I am a retard.
[0:52:45] Dave @DCBK2LA: Yeah. And maybe I
[0:52:46] Milo @0dteSPY: need the retard button for this.
[0:52:48] Dave @DCBK2LA: This is button.
[0:52:48] Milo @0dteSPY: But I don't see it. I don't get it. Maybe I'm old. Maybe I'm just, like, too dumb.
[0:52:55] Dave @DCBK2LA: Just not... Listen, man.
[0:52:56] Moni @monitalan: No. It's it's gonna be a collection. Right? Ultimately...
[0:53:00] NatNat @Natnatx007: No. No.
[0:53:01] Moni @monitalan: I mean, I don't think it has any utility unless Jack comes up with a surprise. I think it's just artwork. Right?
[0:53:08] Dave @DCBK2LA: Yeah. Don't don't convince yourselves that there will be utility.
[0:53:10] Moni @monitalan: No. Yeah. I don't... No. No. That's why. I don't think there is any. So it's it's just art if you're
[0:53:16] Dave @DCBK2LA: Yeah. But But maybe, like, art is not big in the retard community. So It is not. We like
[0:53:23] Milo @0dteSPY: we like Pepe drooling on himself and Yeah. Exactly. Saying, am I retarded?
[0:53:27] Dave @DCBK2LA: Frogs pissing out of their best friends peeing in their fucking Cheerios and shit. Yeah. No. No. This ain't that. Alright. But glad to know that the button is still intact. I have a virtual button. I I should really create this view. Meta Beast, anything to contribute? What's up, my boy? Anything you wanna add on the NFT side? I know you've been digging heavy into this stuff. What's going on?
[0:53:47] MetaBeast @AKCMetaBeast: Okay. So I'm just now posting OxQuit did do a tweet stating I owe everyone a prop... For technical breakdown of the exploit of the payment processor v two from Magic Eden. I'll post... Put it up on top here in a moment. It's in the purple pill, though. He explains what happened, when stuff happened, because I did hear a few people or see some things that made it look like they were suspicious of him. He is associated with a number of things involving this, including the limit break payment processing, which is what Magic Eden used from February 2024 through October 2024, which is where the problem occurred. Magic Eden, their part was not catching it and not telling people, which if they didn't know you, they wouldn't tell. But if you read their FAQ, this is... Was going up on the timelines. They basically said no action required at the time of this change, which was not true. And something I've been finding out is... So it's it's around Magic Eden. Well, I didn't... I don't use Magic Eden. I don't use Magic Eden. That does not matter. It does not matter.
[0:55:39] Dave @DCBK2LA: Meaning, Magic Eden wallet?
[0:55:41] MetaBeast @AKCMetaBeast: Yeah. Yeah. If you if you think you're safe because you don't use Magic Eden, you still better go check and you better revoke. Revoke.cash, revoke. It's, you know, general wallet maintenance, unfortunately. But this confused me, and I've thought of this before.
[0:56:03] MetaBeast @AKCMetaBeast: When I... You know? But you'll see when you go to make a... Or purchase a NFT, it'll say something about... It has access to all your NFTs or when you go to transfer one. And you're... I don't know how many people seen it. I've seen it. Sometimes I don't do it. Other times, I've gone ahead and done it because I trusted what was going on. Now because of this, I got to I got to thinking and thinking, where does that occur?
[0:56:40] MetaBeast @AKCMetaBeast: The the con... The smart contract the creator makes or what? And what safeguards could be done? So wallets could do more. Marketplaces and dApps could do more. The payment processor could do more. But if you really get to the root of the problem, it's the ERC $7.21 token, which has that off open all exposing your entire wallet to whoever happens upon something like what just happened and letting them come in.
[0:57:16] Dave @DCBK2LA: Right. But it doesn't have to do that. Right? Like, they can do it. I think I looked... I... When I saw your post, I was just curious, and I looked into it a little bit. But the the ERC seven twenty one has that ability, but the developer can choose not to do that. But I don't know why they don't.
[0:57:32] MetaBeast @AKCMetaBeast: They don't. They don't.
[0:57:34] Dave @DCBK2LA: I don't I don't get
[0:57:35] MetaBeast @AKCMetaBeast: And speed that
[0:57:35] Dave @DCBK2LA: doesn't. Even OpenSea doesn't, which
[0:57:37] NatNat @Natnatx007: is Yeah.
[0:57:38] MetaBeast @AKCMetaBeast: Weird. Stupid. Stupid. I think it would be
[0:57:41] Dave @DCBK2LA: what it is. Metabies, it's it's it's ETH GASB hangover from 2021 that they just... In my opinion, they just haven't gotten around to updating. And unless people lose enough money, then it's like, okay. I guess this is a problem. 5,000,000,000. Now we should probably take care of it. Well because if you remember back in the day, it was like, I don't wanna... Back in the day on OpenSea, you used to have to pay an Eth Gaspee just to change a listing price. Okay?
[0:58:09] MetaBeast @AKCMetaBeast: Yeah.
[0:58:09] Dave @DCBK2LA: So out... The the $25 to to... For a list of $50 to change a listing price on an NFT, that's insanity. Right? But Yeah. That's what it was. And I think they got so much blowback.
[0:58:22] Milo @0dteSPY: Yeah.
[0:58:23] MetaBeast @AKCMetaBeast: And that extends over into partially my reason why I don't do it like I like I should is revoking cost of the fortune too. Exactly. And I think... I don't know if that's what happened with a lot of people or in some cases, and I can... I'll admit to this, we're lazy and we don't do it, but it is part of proper wallet maintenance. Now upon further research, and I don't know if I'll get it done or where it'll go, There is an extension that can be added to the ERC seven twenty one to fix all this, which brings me back to... I don't understand why if it's... This has been known, nobody's done much about it. I do know there is on Blurr token, which does a one and done... They have a one and done type NFT or token.
[0:59:21] Dave @DCBK2LA: Invoke. Trust Wallet rolled this out. I think I retweeted your tweet, and, like, I use Trustwallet for a few, like, for a few different things, for a few different wallets, and that's what they use. Like, I I was doing a transaction a few months ago, and I saw it was like, oh, auto revoked, you know, Ether, auto revoked USDT or whatever. And I'm like, what the hell? Like, it just automatically popped up. I'm like, I didn't sign any transaction, but it's auto revoking the permissions, like, for you so nobody can just just literally peek into your wallet and start taking shit. And...
[0:59:50] MetaBeast @AKCMetaBeast: And it... The wallet doing that? Because I I looked into that, and I I, they... I couldn't find it, and I didn't go hunting myself.
[0:59:57] Dave @DCBK2LA: But
[0:59:57] MetaBeast @AKCMetaBeast: Yeah. Is that... Do know is that the wallet itself? Something I have?
[1:00:01] Dave @DCBK2LA: I I can't tell you for sure for sure. I thought it might have been OpenSea or maybe I was acting... Because I was maybe transacting on OpenSea while using Trust Wallet, so I don't know. But maybe we should get Zach back in here to kinda maybe discuss it.
[1:00:13] Moni @monitalan: It's a bit of
[1:00:14] Dave @DCBK2LA: a topic.
[1:00:14] NatNat @Natnatx007: Yeah. That would be great.
[1:00:15] MetaBeast @AKCMetaBeast: It could it could very well be the toke... Type of token used because, like I said, there's one on blur is my understanding. However, the problem with this whole thing is it's... Of course, it's gotta go through rigorous testing. Then the big part is getting the wallets and the marketplaces and the other... And the exchanges and all the dApps to recognize that token and accept it. Now that's why I looked into this extension. It's just an extension you add to what is already current being... Currently being used. I don't know if somebody's already in the works in it. Somebody else will get it to it before me. But that's what I had wanted to talk to Brad about because I had this idea. I did talk to some other people before I actually jumped into the AI aspect to find out if it was even feasible or some... Something to do. And then from the sounds of it, it it is, and it can be done. So, hopefully, someday, that part will change, and that will make revoke. Cash. It won't make them useless or...
[1:01:23] Dave @DCBK2LA: They, bro, they should be useless at this point. I'll tell you right now. Okay? Those dudes were charging a fortune while they were making so much money from the ENSDAU. They were getting... They were beating out all the individual builders when we were trying to build little tiny app, trying to friggin, you know, a little something something for the community. These guys were getting 500,000, 1,000,000, 2,000,000, and they were still charging us insane fee. Well, we're just passing along the Ethereum gas fees. Alright. Cool. That makes... Like, that means you're not a viable business model. Like, nobody's gonna use your shit, but yet they still kept giving them money. Maybe it
[1:01:58] MetaBeast @AKCMetaBeast: was the reason... I said, it's been known of this, and I don't understand why, but obviously... Or not obviously, but that's probably a part of it. It wouldn't be a moneymaker for him. So, again, make sure... And make sure you guys are still revoking too because I believe it's still open. It's not a said and done deal.
[1:02:22] Dave @DCBK2LA: Right. But if we're not interact... If we revoked already, right, like, anything you do from this point forward, you should be okay because you're not interacting with Magic Eden, or is that a bad assumption to make?
[1:02:34] MetaBeast @AKCMetaBeast: I would say bad bad assumption because people have still been well, I don't know. We've been through the of this issue. I I... It's... Yeah. Right now, be... It's better to be safe than sorry. I don't know if limit break has finally... Found a way to stop it, put a stop to it. Because that was a problem with them is they couldn't pause it. They have a version version three out now, which would be able to pause it, which I don't know why they didn't kinda think about that when they made version three and determined that it should have a pause on it and the other one didn't. Who knows? And to what doc... Or doc said, yeah, there's rumors that Magic Eden was was coming to an end anyway, and it was an in house thing. So who knows? But crazy, crazy. Great to see some people out there trying to put a stop or help do... Help save some some of this stuff. And, fortunately, I was not affected. One other thing I had thought about too, because... So with a kid called Beast and Hop, Dave, I know you're not a fan, but here you go. So he... Raspy was telling everybody, make sure you revoke... Even if you lost yours, revoke it. It's gonna it's gonna be okay. I don't know what his plan is. So what happened was I was telling someone to about it. Show... I showed them Raf's tweet, you know, revoke it regardless. And they went to do this, and they were getting a message that the contract creator had frozen it. So they couldn't revoke it. And as you saw, I put out a post to rat... Of asking Raspy because I was trying to help someone if he had done this. Now while he did not say anything in public, he did DM
[1:04:49] Dave @DCBK2LA: What did he say?
[1:04:50] MetaBeast @AKCMetaBeast: He said, yes. That was me.
[1:04:53] Dave @DCBK2LA: Why?
[1:04:53] MetaBeast @AKCMetaBeast: And I don't have the full details. And even if I did, I would not be allowed to be able to say anything.
[1:05:00] Dave @DCBK2LA: What the hell is the point of you talking to us and helping people out here? The one fucking good collection, meta beast, that literally he's saying, oh, I'm literally telling you all to revoke while my collection is not able to be revoked. If that is not telling you, hey. I still wanna be able to steal and siphon your fucking NFTs from time to time, what are we supposed to think? Come on.
[1:05:25] MetaBeast @AKCMetaBeast: Rats... Raspy, I don't know what Raspy's done wrong to anybody. He's a factor. I don't believe that. I don't believe that.
[1:05:33] Kkoma @itskkoma: Listen to
[1:05:34] MetaBeast @AKCMetaBeast: me. Listen to They've completed their their
[1:05:37] Dave @DCBK2LA: you by fact, bro. I experienced it first... Bro. And this is not secondhand. I experienced it first hand. Not only did we witness them literally caught red handed on chain, funneling bazillion different wallets initially off the mint to their family, friends, this, that, whatever. Cool. Right? The whole thing
[1:06:00] MetaBeast @AKCMetaBeast: That was that was one that was one bad actor. I I I was in a space with the girlfriend of the person who did that. He had his girlfriend grab a bunch.
[1:06:12] Dave @DCBK2LA: That's his partner, bro. They're in this together. But... Okay. He... Put that aside. I'll give you the second one. One of my extremely close friends in the VV community, super smart guy. And for those that know, BeeGrand. Okay? He literally minted an extreme... One of the really rare gold ones. Okay? Like, literally a gold beast. Right? He had offers for six eve, seven eve, eight eve, I believe it was. He wasn't selling. One day to the next, all of a sudden, all the fucking metadata changes on some of these special ones. Not... I mean, not like a small change. He now literally went from having a completely rare gold beast to now having just, you know, your average floor price beast. Nothing was said. Nothing was done. We go to the Discord. We file a ticket. Mind you, he was a builder, okay, in one of the builder, the dev communities, building tools for beasts and probably the best fucking one there is. Okay? And still, the second we got in there, we sent him... Bro, we sent Raspy one DM. We were like, hey, bro. We just wanna kinda understand, like, what happened here. Why are you attacking me? Why are you this and why are you that? Bro. Woah. Woah. Woah. What? We're just trying to understand what the fuck happened over here. Bro, this dude is 100% full of shit. I've seen it. I've experienced it. Him, crad, trying on the timeline. Somebody sent me $200,000. Like, bro, they're... All of them. All of them. But those two specifically, I can tell you for fat are 100% bad actors in this space and have been plan... Plotting to probably take your money and already do and have. So to put stock in them, you're crazy. Everyone's gonna do what they wanna do. Matter of peace, obviously, it's your money, your call, but hopefully that opens your eyes a little bit more.
[1:08:10] Milo @0dteSPY: My duck is safe.
[1:08:11] Dave @DCBK2LA: I look. Exactly. No
[1:08:13] Milo @0dteSPY: one stole my duck, bro.
[1:08:14] Dave @DCBK2LA: Exactly. You know what I'm saying? Exactly. There's a perk to being a fucking
[1:08:18] Moni @monitalan: Thank god.
[1:08:18] Dave @DCBK2LA: O five. Right? There's a perk to being a point o five soul. You know I mean? You're welcome, Milo. See, I put you in shit that doesn't get stolen. You know? Like, this other stuff... You know, like, where are the limes? I don't know. I didn't put you in the line.
[1:08:31] Milo @0dteSPY: We don't know what they're
[1:08:31] NatNat @Natnatx007: You know what?
[1:08:32] Dave @DCBK2LA: They got
[1:08:32] NatNat @Natnatx007: I did I did have a monkey. I did have a monkey. Oh my god. Let me go check on the monkey. Be right back, guys.
[1:08:37] Dave @DCBK2LA: What kind of monkey? What the fuck?
[1:08:40] MetaBeast @AKCMetaBeast: That's a kid called beast monkey.
[1:08:43] Dave @DCBK2LA: Oh. Oh, one of those monkeys. It was a shame because, like, what they built was a... I think what they did was incredible. I love... No. I'm not
[1:08:50] MetaBeast @AKCMetaBeast: giving anything away from that. Continue to do incredible stuff, and their road map is done.
[1:08:54] Dave @DCBK2LA: Uh-huh. Road map. Here we go. Did he ship those fucking figures yet? Those
[1:08:57] MetaBeast @AKCMetaBeast: little statues? I I got a toy. Everybody got a toy. They had the wearable. Uh-huh. We're just... The the anime collection is done. They're just waiting for the right time to like... Anthony,
[1:09:11] Dave @DCBK2LA: was the one... What was the... So he said he couldn't tell you the reason why you couldn't revoke the permission in DMs?
[1:09:20] MetaBeast @AKCMetaBeast: He didn't tell me... I'm I'm not gonna repeat what repeat what was said. I'm... I... He said, yes. That was him.
[1:09:29] Dave @DCBK2LA: But it
[1:09:30] MetaBeast @AKCMetaBeast: was by design? Settle a little bit more.
[1:09:33] Voice G: I I wonder if he's just trying to steal them back, and therefore, he needs the permissions active.
[1:09:38] Dave @DCBK2LA: Yeah. You're giving him too much credit now. Stop it.
[1:09:40] MetaBeast @AKCMetaBeast: I can't believe he would do that. Uh-uh. And then there's a game coming. There's a game out. There's a couple games out.
[1:09:48] Dave @DCBK2LA: What do mean? So so...
[1:09:49] MetaBeast @AKCMetaBeast: So he's already done. He...
[1:09:50] Milo @0dteSPY: Hold on.
[1:09:50] MetaBeast @AKCMetaBeast: They... Their road map is done, and they continue to build.
[1:09:53] Dave @DCBK2LA: Hold on. If you're not gonna divulge to the ATC community how to stay safe or if there is something safe, what are you saying to... If... Or if you didn't understand his message, what do you recommend to someone who is an AKCV holder, but passive or active community member?
[1:10:13] MetaBeast @AKCMetaBeast: With what?
[1:10:14] Dave @DCBK2LA: With what to do with their permissions with... What's it called? Like, should they...
[1:10:18] MetaBeast @AKCMetaBeast: With a get called b?
[1:10:19] Voice H: Yeah.
[1:10:22] MetaBeast @AKCMetaBeast: To remain patient. I mean, there's not much else you can do.
[1:10:27] Dave @DCBK2LA: Right. They're die on this...
[1:10:29] MetaBeast @AKCMetaBeast: I mean, I could... I I can DM him and I I could DM him and tell him what I'm hearing.
[1:10:33] Dave @DCBK2LA: Yeah. I mean
[1:10:35] Milo @0dteSPY: I mean
[1:10:35] Dave @DCBK2LA: Both... I mean, listen. Don't... Whatever really should... I'm not trying to screw it up, but I'm just trying to bring another side to this at the end of the day.
[1:10:41] MetaBeast @AKCMetaBeast: No. No. I... And I I appreciate that. I do appreciate that.
[1:10:45] Dave @DCBK2LA: Yeah. No. No. Go ahead. And then... Oh, go ahead.
[1:10:47] MetaBeast @AKCMetaBeast: Because I have heard other people aren't... That aren't happy with them for whatever reason. I don't know the reasons. And there is always two sides to a story.
[1:10:57] Dave @DCBK2LA: Three.
[1:10:58] NatNat @Natnatx007: Three?
[1:11:00] Dave @DCBK2LA: Yeah. Yours, mine, and the truth. And Roger's.
[1:11:04] MetaBeast @AKCMetaBeast: Well... And I... Like I said, I was in a space with the girlfriend of the guy who did the shady
[1:11:12] Dave @DCBK2LA: She read it out. When they... That's that's that's that's that's, like,
[1:11:16] MetaBeast @AKCMetaBeast: She a didn't know what was going on at the time. She was not familiar with what Mhmm. Any of it was. He had her get get a wallet and start
[1:11:27] Dave @DCBK2LA: Ah, the old unsubscription.
[1:11:29] MetaBeast @AKCMetaBeast: Them. And they broke up, and they're they're on her... The... Whatever was needed was on her computer. She turned it over to the to the
[1:11:37] Dave @DCBK2LA: The seed phrase. To the community. The seed phrase that had the fucking... I don't know how many hundreds of beasts in there. Anyway, some rare ones in there too. Yes, Natalie, please.
[1:11:48] NatNat @Natnatx007: I'm so sorry. I don't I don't wanna derail the conversation, so go ahead. But I do see that we have Coma, and I just wanna check-in on him and make sure that he's okay given what has transpired.
[1:12:00] MetaBeast @AKCMetaBeast: And I have a question sometime.
[1:12:02] Dave @DCBK2LA: Okay. You got it. Let's check-in on Como. Como, what's good, bro? How are doing, brother?
[1:12:07] Kkoma @itskkoma: Hello. We are doing a okay. Yeah. Just... Shit happens. We we move on, and, it's a lot of... Yeah. Drained for quite a bit of change. Not gonna lie. It hurt. Freaked out a little bit, but, hey. You know what? It's okay. We, we get we get through it. And then I'm just playing a little more conservatively, obviously, because I don't have as much cash as I used to. But, overall, yeah, everything is fine. I mean, still got my web two job that pays well. Still have crypto. My main wallet didn't get hacked. So... Or not hacked. I just fucking was an idiot. And then, yeah, like, in the grand scheme of things, yeah, not too bad. Health is
[1:12:54] Dave @DCBK2LA: Were you an idiot though, Colma? Like, do you feel like sharing, like, what happened just so people can kinda maybe Yeah. I mean...
[1:13:00] Kkoma @itskkoma: Yeah. Like, I was trying to set up my old laptop to keep my codex open. And I also wanted to do, like, some trades on it, like, whatever. So I, like, opened up the old laptop, and then I just was trying to set up my Rabi wallet on there. But, like, specifically my Polymarket add... Wallet. And then I I went on google.com to install it, and, apparently, my Google profile wasn't synced yet because the laptop was so fucking slow, and shitty that it was taking a lot of time. And then because of that, you showed, like, a sponsored Rabbi link, which I didn't even, like, think about. And the crazy thing is, like, if you're actually signed in on your Google Chrome or whatever, like, you're not gonna see that, actually. It's only shown when you're, like, a completely new user, which is very interesting, and I found out afterwards. And, like, I just put in my c phrase, and there was, like, some issues. And my laptop, that old laptop was having so much problems where it wasn't even, like, loading things. So when it wasn't loading the Rabbi wallet, I didn't really think too twice about it because the laptop itself was so bad. And then, yeah, like, next thing you know, like, five minutes later, I'm looking at my wallet because I always look at my wallet, and I'm like, why? What's going on? And then, yeah, I got drained. They took they took money from my Polymarket account and my wallet itself, and I kept most of my stables there. Luckily, like, I had, like, another good chunk of stables in Solana. And, yeah, I was able to preserve that. And then I didn't use my main seed phrase, so that was actually good. But still, like, I would say... I don't know. What's what's a good amount? I don't... I'm not gonna, like, share the actual amount.
[1:14:43] Dave @DCBK2LA: No. You don't have to, bro.
[1:14:43] Kkoma @itskkoma: You're Yeah. I I... About, like, a good, like, 20% of my port was was stolen from me. Wow. Yeah. So overall, can't comp... Can't complain in a sense that I still have my, still have my... A a good amount of funds. I've had issues where, you know, I've lost money through Luna. And I... And then I, like... Honestly, I I think about that day too. It's, like, where I lost a lot of money on Luna because I, like, converted a good chunk of my Bitcoin into Luna. And then as much as I'd like to get mad, there's always, a silver lining where it's, like, I've all... I also had almost 100% of my crypto in Celsius at one point, and I took it out before the the hack. So, like, in some regards, like, you know, you... You're able to dodge a few bullets and sometimes you're not, but, you know, you move on and you figure things out. On a positive news, you know, like, since I broke my wrist, I'm still going through this, like, kinda lawsuit thingy. And, apparently, our demand is a lot higher than the amount I lost, so we'll see how much I'm
[1:15:46] Dave @DCBK2LA: able to Let's go. I'm not sure
[1:15:47] Kkoma @itskkoma: that I like... Not like everyone should break their wrist and go through surgery per se for it, like, I had to choose, but, you know what? My mental, you know, my mental, and physical, pain that I had to tolerate because of this situation, you know, it maybe make up for this huge loss that I personally had.
[1:16:05] Dave @DCBK2LA: Come on. You know
[1:16:06] Kkoma @itskkoma: what they say, bro. We'll see what happens.
[1:16:07] Dave @DCBK2LA: When one wrist
[1:16:08] Kkoma @itskkoma: breaks When one wrist breaks
[1:16:10] Dave @DCBK2LA: money door opens, bro. You know what I'm saying? Listen.
[1:16:12] Kkoma @itskkoma: Yeah. I have time for my left wrist next time, so we'll see what happens. But... Yeah. No. Thanks for, thanks for reaching out. Yeah. Yeah. Again, it hurts, and, like, I I can't predict as much as I... As much port as they used to now. So I'm just being a little conservative. And, like, all the bones and blood and tears in me wants to, like, revenge trade with, like, a huge ass port with my main, but, I just did the smart games, like, moved it over to, like, a coin based thing and then just kinda chilling. And, like, we'll see what happens. On a posi... Another positive note, like, I've been talking with, like, the Polymarket, like, like, one of their employees, specifically working on, like, tennis growth. And I have a pretty good, like, affiliate deal with them now. So not just about, like, just grinding that out and That's amazing. Leveraging buckets to to kinda scale out that way. So, yeah, I'm I'm excited. I might do a lot more, like, content creation and and things like that. So... Rather than just, like, fixated on the screen all day. And last last thing, I'll say it's good to have a very supporting partner, Dave. Like like, my wife, when I told her what happened, it was... She was very calm and very supportive. And she's... And she... As as bad as it sounds, she said it's just money as long as we have, like, you know you know, like, we're all we're all... We could always make more money. So don't worry about it. Like, it happens. And, yeah, we'll figure out then the next step. So she was just super supportive. Yeah. Yeah. I was, like, freaking out, but, yeah, she she calmed me down.
[1:17:47] Dave @DCBK2LA: I could only imagine how crazy. I see Koma going crazy off of taking... You know? He loses he loses the band on a tennis match, and he's like, the tennis channel said it was fucking injuries. I don't know. What the fuck? But, you know... So at the end... And, Koma, just to be clear, do you need, like, a GoFundMe? Shall we set you up even though you make more money than probably all of us combined? Like, do we need to do that? We will do that if we need to just as a No.
[1:18:11] Kkoma @itskkoma: I I don't I don't need to. It's it's fine. I I, again, I have a Web two job. I've... I I... I've... I'm fine. I think the crypto port is, like, hurting probably more than anything. But other than that, like, I'm not gonna die. You know? So it's it's not the worst. You know, there's there's people that need it more for sure, so I'm I'm I'm good.
[1:18:31] NatNat @Natnatx007: Lunch
[1:18:31] Moni @monitalan: some tokens and pawns.
[1:18:33] Kkoma @itskkoma: I'm like, got scammed or something. Like, it's crazy, though, because, like, you know, I I kinda was tracing the whole
[1:18:40] Dave @DCBK2LA: whole
[1:18:41] Kkoma @itskkoma: flow of where it was going. And then, like, it's so fucking, annoying because, like... And excuse my language, Nat Nat. But, like, the... Like, ironically enough, like, this fucking, like, founders of Near are, like, outing, hey. You know, we're permissionless, but we'll we'll do everything in our power to, you know, freeze funds when necessary and identify bad actors, blah blah blah blah blah. And it's like, yeah. You do that for big get within, like, the first hour. Like, I'm just trying to get a fucking conversation with you to, like, try to get this to stop, and this is, like, next to impossible because what's, like... Like, my... This is, the total funds that I saw transferred over because, like, after me and I saw the transfer, like, I saw, like, other people getting scammed, like, literally live and then, like, like, funds getting reached. Like, that person sent about, like, $300,000 total, to to, like, a near intent thing And then, like, basically, converted that into Solana and was able to turn that into Monero through some, like, like, VPN IP address kinda thing. But it... It's just, like, funny how, like, this near fucking founder was like, we'll, you know, catch every actor if it's big enough, basically, like, big get. But other than, you know, any other hacks, you're shit out of luck, basically. So And where does...
[1:19:57] Dave @DCBK2LA: So where does... And where... So where would you say... So, like, what do you say... What would you say is the... Because, like, I experienced this, I mean, first and secondhand. Right? Like, getting hacked, I got you clicked on a Uniswap bad link back in... I think it was 2021 or 2022, and I got taken for a little bit. Obviously, that's big money. If you saw 300,000 right after, like, that's... I mean, those those wallets must be cooking on freaking stealing funds twenty four seven. But where would you say coma is the biggest? Because what I experienced was, look. Where does the buck stop? And I saw literal... Like, people who knew nothing of crypto. They got a random phone call out of nowhere in a sheriff station in Nor... In in Southern California being like, I'd like to report that my... Someone stole my crypto from Coinbase. And they're like, you know what? They don't... They literally don't even know what crypto is. Then they're like, who fills out that report? And it's a report. So, Komo, like, did you do any of that? I know you're trying to get into... Going directly to source, but, like, where do you think is the I
[1:20:53] Kkoma @itskkoma: I I filed I filed a... Like, I was talking to the SEAL team, and they said to file the, like, the FBI security blah blah blah. Like, that's gonna take forever for them to respond. So it is what it is. Like, you know, the funds are lost or funds are taken. They... These guys are super smart. They know what they're doing. But it's just kinda crazy how... I I didn't even know what near intents were until this experience. It's just kinda... Basically, you just send ETH to an address, then somehow they're able to spew out, like Like tornado pad? Like, just convert... Yeah. Like, it's just basically spew it out to to, like, Solana essentially or something through, some, like, like, what do you call it? Like, assist... Assisters. Yeah. It's like a bridge, basically. But, like, they, like... There's, like, facilitators that do this and, like, ironically, their names are just, like, like, blackmarket.tg and, like, hacker.t... Like, it's so bad, like, these names. It's like, bro. And then and then
[1:21:52] Dave @DCBK2LA: telling you what they do. Like
[1:21:54] Kkoma @itskkoma: Yeah. And then and then on top of that, like, the fucking... Like, because there's so many unregulated exchanges. Like, so what that... What they did was after they they went through near intents to convert into Solana, they, they they swapped it using this exchange called fixed float. I have never heard of this exchange before, but, apparently, it's a permissionless exchange and then converted to Monero. But then when I was talking to the SEAL team guy, the guy was saying that, they they use some type of VPN. So, like, even getting the IP address is probably gonna be, not that not that useful. So, yeah, a lot of crime happening, and a lot of a lot of crime is allowed. I think the only people that actually win when they get hacked are exchanges because they have a lot of money and they have a lot of, like, motion, I guess. But it is what it is, man. It is what it is. I will... Yeah. If you guys wanna, you know, just donate me $300,000, even though I didn't lose $300,000, that would be great. Much appreciated. Send it to, dave dot a t c. Yeah. Exactly. Whatever.
[1:23:03] Dave @DCBK2LA: Dave at all things. So I am...
[1:23:05] Kkoma @itskkoma: Dave at all things. He's be the one holding my funds because apparently, I... Wait. Dave also got hacked. So maybe not Dave. Someone else. An ad tech.
[1:23:13] Dave @DCBK2LA: Alright. Right.
[1:23:13] Kkoma @itskkoma: Or Monie. Monie's the most trustworthy.
[1:23:15] Moni @monitalan: No. No. I think we we should go to Nat. I've I've Yeah. I've lost money too. So
[1:23:20] Kkoma @itskkoma: Okay. Okay. So, Nat, anyone that hasn't been hacked, we'll we'll send that 300 to
[1:23:24] Dave @DCBK2LA: Yeah. But be careful. Nat's on vest exchange now, so she might leverage it out the ass thing, and she might triple and quadruple her money up.
[1:23:31] NatNat @Natnatx007: Only on 40 x levels.
[1:23:32] Dave @DCBK2LA: On red.
[1:23:33] Moni @monitalan: Only up
[1:23:33] Dave @DCBK2LA: see what
[1:23:34] Kkoma @itskkoma: I'm saying? Oh my god. Sorry. Not to, like, not to, like, change the topic, but I will. Like, the... Did you get... Did you see that video of that, Jadoo doo celebrating the four years?
[1:23:43] NatNat @Natnatx007: My god. Yes. And then she
[1:23:44] Moni @monitalan: started trading with her feet.
[1:23:46] Dave @DCBK2LA: Yeah. What what... Wait.
[1:23:48] Kkoma @itskkoma: Why is it I love her. She has so much aura emotion. It's insane.
[1:23:53] Dave @DCBK2LA: What happened?
[1:23:54] Kkoma @itskkoma: Oh, so it's like us in in, because right now there's, like, what, like, Seoul blockchain or whatever right now in Korea. Yeah. And, Monie, can you pin it? I can't... I don't know how to pin it on desktop. But, basically, she was doing
[1:24:07] NatNat @Natnatx007: the for it. Yeah.
[1:24:08] Kkoma @itskkoma: Yeah. And it was, like, in the semifinals, and then she, like, did, like, a 40 x long on Near, and she made, like, 40 k. And then she won that semifinal competition. But, like, her celebration was just, like, super epic, and, like, everyone's So just been posting about it's it's just, like, really good content creators in Web three, like him and... Oh, sorry. Her and, Clement are really are really, really good. Yeah.
[1:24:31] Dave @DCBK2LA: Clement is cheesy, but I don't like it. She's the same shit. Is she yelling at a fucking screen all day? Like, it's like, how much can you do the same fucking thing?
[1:24:39] Milo @0dteSPY: Oh my god.
[1:24:40] Kkoma @itskkoma: He does, like, need to Did you see that Inception thing on, like, the... That whole, like... Did you see that Inception video that he did or, like, the the VC one that he did? He's like, you know you know those videos where they're like, hey. Like, well, like, how are you successful? Or, like, what did you do to make all your money? And he's like, oh, I'm in I'm in, like, like, you know, like,
[1:25:00] Dave @DCBK2LA: basically, the...
[1:25:01] Kkoma @itskkoma: Venture capital. Right? Blah blah blah. He's like, yeah. You know those companies that buy those houses and kick out the kick out the poor people from those houses and then sell it for more? He's like, yeah. Like, yeah. That's what we do. He's like, oh, shoot. Yeah. Then he's like, yeah. That's how I made my money. It's like, what what lessons have you learned from that? He's like, have no morals. Have no, have no sympathy for anybody else but yourself, and you'll be rich. It's like And don't know. Think he's a good creator, but maybe maybe you just
[1:25:27] Dave @DCBK2LA: I guess he... Yeah. Yeah. Yeah. Listen. You know? I mean, he's got he's got the views and the followers, at the end of the day, teach their own. Yeah. Yeah. But, yeah, thanks again. Yep. Yeah, man. Appreciate you sharing, dude. I think that hopefully, you know, one person was actually fucking listening during this entire thing. And if you weren't listening before, you should be listening right now. Okay? Listen. Wallet security is important, but also take your time. And this is the biggest thing that I've realized also with hacks too is, like, take your time. Like, patience is the biggest virtue that you can have and the biggest, like, fail safe against actually getting hacked. Because the majority of the time, it's either somebody trying to socially engineer you or you're doing it to yourself being like, I just wanna get this shit done. And we are an extremely, extremely impatient bunch, and we need to start really, like, exercising some more patience with this shit. Right? We we think that we're gonna... Because we've been conditioned to be like, we gotta be quick to this. We gotta be quick to that. I gotta get in early. I gotta get in early. But then, ultimately, it's just like, you know what? You you didn't get in early, and then you also start by conditioning yourself. You've now sacrificed a wallet or two or three or four. I'm not saying that to you, comma, I'm just saying in general, I was the victim of it. Like, it's just take your time, people. Take your time, period. Come, appreciate you, ma'am.
[1:26:44] Moni @monitalan: Dave, what are you doing or setting up to protect yourself with the... With all the bots you're working with? Like, anything specific? Is it just a a different wallet?
[1:26:55] Milo @0dteSPY: Or
[1:26:56] Dave @DCBK2LA: Yeah. So, like, I have... When I say extremely... I mean, in addition to being poor and hot wallet poor, there's nothing really of note to steal. I was an idiot back then. I kept, like, you know, $15.20 grand across a few different hot wallets, right, just in case this was minting here or that was doing this. Right? So at the end of the day, it it... Like, I don't keep shit on hot wallets anymore. Everything is converted to Bitcoin, stored completely away from me. I'm... Literally, I have not done any transaction on that wallet in probably in in years. So it's just sitting there dormant, chilling. Anything that's in the hot wallet is inconsequential that if I... If my... Let's say my my computer with the githat, because, like, if you guys remember, I was an idiot also just like coma. I literally, like, dragged the EXE file into my freaking applications fold or into, like, my applications fold. I was, like... I mean, so retarded. And I'm like, what what did I just do? And then all of a sudden, you hear everything shut down. You're like, oh, shit. So, yeah, as far as hygiene goes, follow... If you're gonna keep that kind of money on hot wallets that is connected to a bunch of other shit, especially, like, AI shit, come on. Like, be careful. Be very, very, very careful. Now more than ever, if you don't see these, if you think these hacks are going to die down, I'm sorry. I think you're genuinely mistaken. AI is only gonna increase how they find ways back into your wallet, find ways around your money, whether that's hacks, social engineering schemes, or something that you've never seen before because we've been saying it for five or six fucking years already, that when you think we've seen it all, a week later, it's like, oh my god. What happened? They infiltrated a trade show and posed as bad actors and actually gave a million dollars to the pool. What? And the and the bunk... Wait. They put up a proposal, and they put up their 500,000,000 bunk or trillion bunk? So they exchanged 1,000,000 for 24,000,000? Yeah. Nobody paid attention. It was a Dow. Like, what... Come on. Just when you think it's not gonna happen, you'll see. It will happen. So just prepare... Yeah. You can't prepare for what you don't know is going to happen, but like Koma was saying in the beginning, what I took away from it is you can control... You only can control what you can control. Right? So what is it freaking... What... Like, what does it bother you to literally pay attention for five minutes to maybe hear how you could kinda protect yourself and save yourself a lot of heartache? A lot. Yeah, man. Sunny d, talk to me, bro. Coincong, I couldn't accept your request. I shot you another one. You were just spinning, bro, so I don't know what's going on.
[1:29:35] Sunny D @dylN0chill: Just while we're on the topic, you know, it happens to everybody, and I've... I was just coming up to share my condolences. I saw it in the chat. I didn't really say anything because there's really nothing you can say that that, I lost a 100 BNB, to a social engineering quite, quite similar to what Coleman went through. And it really came down to trying to move too fast, not checking URLs, and, you know, not... You're just... Everything that you know, it's really boiled down to you're moving too fast. Slow down. That's sucks, coma. But, you know, couple years later, I made it all back, and, yeah, it was rough.
[1:30:21] Dave @DCBK2LA: Let's go. Love that. Now listen, bro. Wait. But, like, $215 BNB or, like, $1,200 BNB?
[1:30:31] Voice H: A 100 BNB.
[1:30:32] Dave @DCBK2LA: 100... Alright. You don't wanna tell them. That's okay. That's fair. But, like... Yeah. Was it a BNB? Was that $200 or, like, a thousand dollars? Like... But it doesn't matter. It was a 100 BNB, which could have been worth at any point. Doesn't matter. The hack is the hack. You're right, Sunnyd.
[1:30:48] Voice H: It's a 100 BNB.
[1:30:50] Kkoma @itskkoma: You know what the biggest hack is? NFCs and Jailin Brother cards. So
[1:30:55] Kkoma @itskkoma: $6.60 g is at the time or something. Goddamn.
[1:30:59] NatNat @Natnatx007: And Karl Anthony Townsend. Okay. You need to add both,
[1:31:03] Kkoma @itskkoma: Oh, yeah. The Townsend cards. Yeah. Those are pretty rough.
[1:31:05] NatNat @Natnatx007: Yeah. Okay.
[1:31:06] Dave @DCBK2LA: 60,000. Jesus Christ. Sunnydames was... Ouch. Oops. 60,000. I couldn't
[1:31:12] Kkoma @itskkoma: It makes you feel not better or better Sunny d. Mine was around that range as well. So
[1:31:18] Voice H: It's just like, wow. I could've just, like, gone on vacation for a year.
[1:31:23] Kkoma @itskkoma: Or I I know. Right? Yeah. And then it's crazy. It's like this fucking laptop doesn't even work. So the only thing that worked was draining my wallet. Motherfucker.
[1:31:31] Milo @0dteSPY: You I
[1:31:31] Dave @DCBK2LA: was like... Did you did you smash it, like, office style, like, office space style or what?
[1:31:38] Voice H: It's it's the time. It's like you... When you... It... It's not even really about the the money because it's it's about stupidity. So it's... Yeah. It's about just, like, I knew this. And then and then it's, like, all the things I could have done. It just makes you value everything that you have a lot more.
[1:31:59] Kkoma @itskkoma: Yeah. A 100%. And that's why I've, like, I've been kinda slowing down on the the trading... Or, like, just check. I just need a mental reset, to be honest with you, because then you think you think about, like, oh, wow. That was a lot of money. And then you just kinda just be like, maybe I shouldn't have just put all my staples in a Stablecoin wallet. Yeah. So on my way to just... You know, Coinbase is the way to go, guys.
[1:32:24] Dave @DCBK2LA: I was
[1:32:24] Kkoma @itskkoma: just As bad as that sounds.
[1:32:26] Dave @DCBK2LA: Yeah. I I remember you see... I remember seeing in the chat, you were just like, I just transferred everything over to Coinbase, and it was just like, phew. Right? Like, look how... Look where we've come. Right? Like, self custody. It's mine and decentralization. First... Like, the fur... It's like, goddamn. I just got... Oh my god. I... You're running for dad. And dad is Coinbase being like, can you protect my piggy bank right now? Because I'm a little scared. Maybe I was not prepared for this, or I don't know what I did. You know? So I'm glad that it has a way to humble you, and it humbles every... Trust me. If you haven't been humbled yet, I promise you it's a numbers and a time game. You will be at some point. I don't wish it upon anybody, but it will happen.
[1:33:04] NatNat @Natnatx007: I 100% agree. I think that's just part of life. Everyone goes through a very humbling experience.
[1:33:11] Dave @DCBK2LA: Just don't pay a lot in tuition, and the way in which you keep your tuition very minimum is by paying attention when we are talking about things like this when someone we know got hacked. I don't know. I feel like maybe my voice, like, you know, like, if I go higher or lower, maybe that throws some people off. Still asleep, I think. Still asleep. Yeah. That's it. Anybody else? Anybody else have anything to could you... I don't know if somebody wants to say something.
[1:33:41] MetaBeast @AKCMetaBeast: I had a question.
[1:33:42] Dave @DCBK2LA: Oh, yeah. Go ahead,.
[1:33:44] MetaBeast @AKCMetaBeast: I am curious as have you guys ever talked about or know anything about something called Ondo?
[1:33:52] Dave @DCBK2LA: Yes. We... I think we talked about that the other day.
[1:33:54] MetaBeast @AKCMetaBeast: You have? Yeah. Yeah. Yeah. Because as I... The words on the street is they're going to be a big player in the real world assets.
[1:34:03] NatNat @Natnatx007: Yep. BlackRock. Right? You saw the... On the in BlackRock news?
[1:34:07] Milo @0dteSPY: Yeah. Yep.
[1:34:09] MetaBeast @AKCMetaBeast: I think... Okay. I saw something. I know I I had heard them once, and then I posted something in the check... In the ATC about it because it's... That was the second time I heard something about them. So... Yep. And then I heard that we... They were talking about it again today.
[1:34:25] Dave @DCBK2LA: Metabeast, let me find out your infiltrator like a Bud Fox, a Wall Street Bud Fox out here trying to get out there and get information, buddy. Information is the most valuable commodity in the world. Dude, I thought you were saying Ando from a security perspective. I was about to be like, uh-oh.
[1:34:39] MetaBeast @AKCMetaBeast: I'm in trouble. O n d o. I thought it was with an h first too. Yeah. You would be surprised to know that I sit in some of these spaces for a little while and... Till I get too bored and I have to upset things and change... Make the subjects change, but... Or leave. Mhmm. You you know how I do.
[1:35:02] Dave @DCBK2LA: Yeah. Yeah. Yeah. We... We've experienced it
[1:35:04] Kkoma @itskkoma: all too
[1:35:04] Dave @DCBK2LA: much. Yes. Yes. We do. Alright. Good stuff. Nat, anything else? Moni, DocNooNoo? So Anything? Yeah.
[1:35:11] NatNat @Natnatx007: Just real quick before we head out, every... For the last few weeks, we've been talking about specific tickers and tokens, and some of them have have, you know, played out very well. Keep an eye on Aster. This is tied to BNB. Okay? Keep an eye on Aster. Not saying, you know, go on and and max leverage or anything but... Just keep an eye on it. Yes.
[1:35:34] Kkoma @itskkoma: Well, will it make me... If I put a dollar in, will it will it hit me... Give me 5 figures potentially and help me recover the losses? If
[1:35:42] NatNat @Natnatx007: put a dollar in, you might get 2... Might get 50¢. Damn.
[1:35:47] Kkoma @itskkoma: Alright.
[1:35:48] Dave @DCBK2LA: At a two two is two x,
[1:35:50] Kkoma @itskkoma: so I can't complain about that.
[1:35:51] Milo @0dteSPY: So as long as it's scaled that out, That's true. I scale out,
[1:35:56] Kkoma @itskkoma: like, exponentially, I will I will withdraw all my funds.
[1:35:59] Dave @DCBK2LA: Matt, your aster is Koma's Tibber, essentially. You guys are on the same wavelength, like, literally, like, dead commit... Hey. Milo, you wanna talk about joining communities? Like, Aster for Nat and Tibber for Koma. And, apparently, it's worked out for them. So maybe it's NFTs that are not doing it for you. I don't know.
[1:36:15] Milo @0dteSPY: I'm still part of the AVax community. Okay? Alright. Okay.
[1:36:20] Dave @DCBK2LA: So hashtag Sue. Hashtag Sue.
[1:36:22] Moni @monitalan: I have a question for DocNooNoo if she's still there. What do you know about Trace, the NFT Trace? I bought one, and it's up a lot because it's, I guess, it's it's one of those that has... What's it called? Anyway, what do you know about Trace? I don't know anything about them, so I don't know if to sell now or wait.
[1:36:47] DocNooNoo @doc_noonoo: I don't really know anything about them other than Vesti is behind them. I don't know if you know Vesti. Yeah. I don't know. For me, it was just like an art thing, so I I I just stayed away, to be honest.
[1:37:02] Moni @monitalan: Yeah. Okay. Thank you.
[1:37:04] Dave @DCBK2LA: Alright. Trace. Mhmm. Alrighty then.
[1:37:11] Moni @monitalan: Another art one for you, Dave.
[1:37:13] Moni @monitalan: We we lost Dave. He stopped NFT ing. It was a short short
[1:37:17] Moni @monitalan: It was a very short tournament.
[1:37:19] Dave @DCBK2LA: It was fun while it lasted, guys. You know what I mean? It was... I had a great time. I had a great time. It was so much fun being here, but I'm done with the NFT transfers for a while. You know, when you miss the major runners, you can only take so much of a beating. You know what mean? Like, you guys have a very special... A very thick skin to be able to be hanging out in the trenches. You know, I'm still on my road to discovery. It's hopefully not gonna last another twenty five years, and we'll figure it out soon. But where I land, we don't know. Maybe some AI realm, maybe. I'm not sure.
[1:37:48] NatNat @Natnatx007: I think advantage is it, my friend.
[1:37:52] Dave @DCBK2LA: Who?
[1:37:53] NatNat @Natnatx007: Might be? Let's see. Advance. Oh, advance. I'm sorry. Advance. Not even hate it
[1:38:01] Dave @DCBK2LA: because I literally thought that was my my company name for the first two days that I registered in the domain. I don't know where that name came up, and it's so confusing. You know? It's cool and sleek and funny, but, you know, where do people come up with these names? You know what I'm saying?
[1:38:15] NatNat @Natnatx007: But I I think you have something there. I I promise you you have something there.
[1:38:21] Kkoma @itskkoma: What happened to that token with the the slippers and brown duplicate thing?
[1:38:26] Moni @monitalan: In the
[1:38:27] Dave @DCBK2LA: black ink for everyone. And, guys, please help me get some Grock bot rewards. My pin tweet is at the top. First one, this is today's. You probably get another one tomorrow. I'm finally on the radar. I wanna make a little money money by creating the Grock bots, but a Grock bot to help you build other Grock bots? Come on. If you know nothing about AI agents, bots, teams, anything, just give it a shot. $28 a month, I think it is for Grock, so minimal minimal window. You'll be able to actually set some stuff up. So go check it out. And I don't get paid, by way, if you sign up for Grok. No affiliate program, just a rewards program. But, yeah, that's it. So we got tomorrow is October 1. Happy birth... Happy early birthday to my sister. Shout out to Alexia. And that's it, kids. That's all we got. Nat, I don't know if Landy Landy did say he was gonna be able to host for Thursday, so I think he's still on. We'll see at that point, and that's it. Moni, Koma, thank you for coming through. DocNooNoo, appreciate you. Sunny d, thanks for sharing. Meta Beast, great insight today. Love it. Milo, you're a retard. And, again, the clap is for everyone. It's you guys. And don't learn what the fuck near intents are so you don't get clipped.