Rhynotic Talks the Future of FWA

0:00What is up, everybody? We are back. Another episode. Happy Tuesday. It is a lovely August 18th.

0:59G-Money, how are you doing this morning, brother?

1:00I’m doing well. Weekend was good. Excited to be here.

1:04Exciting weekend. I won’t beat around the bush. We’ve got an exciting guest coming on today at the start of the show here.

1:12I mean, what main character, right? Like I saw a post that was like, it’s Vlad versus Kobe versus Vitalik.

1:22And then somebody was like, no, no, no, it’s not Vitalik. He’s not representing Ethan anymore.

1:27It’s Renotic. He is representing Ethan. I love it. So excited to have him on the show today.

1:35And we’ll jump into it in like a second here. But anything else before we jump right in?

1:41No, I think, you know, well, I think we should get to markets afterwards, obviously.

1:46But I think there’s a lot of cool, interesting stuff happening with fake world assets.

1:51And, you know, I’m excited to have this convo. Yeah. Let’s jump right into it. I’m excited for this one.

1:57Adam, good morning. Hope you’re well. We’ve been looking forward to this conversation since last week and said you jump on. I know I have 100 questions. She probably has a million questions, as you could tell.

2:28I’m sure people have seen other ones, but much more chill than the Punk strategy days.

2:35It’s weird. Like, I think there’s more interest, which is interesting. Like, I think for the last one, if you weren’t interested in Punk, you didn’t really care about Punk strategy.

2:44But I think this is kind of dominated a little more of CT. And I’ve gotten more like CT followers as a result.

2:53It’s been chill. I’m not stressed, cool, calm, collected, knock on wood. We’ll see what happens. I’m sure things.

3:01There was a stressful week for sure. The week of turning on external buys was stressful.

3:08Well, OK, let me let me first off, you know, I have apologized to you. I just give you like a formal apology.

3:17I feel like I went in pretty hard on you on it. It was more of like what you did with the buybacks.

3:23Like what you know, it was money that you rightfully earned and served. To me, it was just more about the communication thing.

3:29And I think that that’s like if you can just communicate clearly in advance. And like I think that and I speak to I say this as somebody that did have a project at one point.

3:39And like the one thing that I always tried to do is like just try it like to nip things in the bud as early as possible.

3:45If I know what like there’s sometimes when you’re like, I don’t know what’s going to happen. I don’t know what we’re going to do.

3:50We haven’t made that decision yet. But when you have it, just like just communicate as early as possible, because if not people just like, you know, have these wild imaginations, especially in crypto.

4:01Like, oh, yeah, like, you know, Adam’s going to work on this for the rest of his life. You know, like, it’s like, you know, it’s like, it’s just like not the way the world is. Right.

4:09So I apologize for that. I appreciate it. And I appreciate you taking feedback. You know, and I do like, I think, you know, with everything that happened, I handled it within like 24 hours.

4:21And so I think like I did the best I could. I also it’s hard to say I mean, people have crazy expectations. And I, some people, I’m not the best communicator, to be clear, like it’s this is a two man team, me and Tito.

4:36And I run the socials, because I don’t really trust anyone to do it, other than me. And it only takes one bad tweet to kind of nuke things that only takes I can write a bad tweet also.

4:45And so it’s not like something that’s out of my scope.

4:50Yeah, well, I’ll tell you this area. Yeah. From here on out. If you ever want to chat communications or comms and stuff in the future, feel free. Feel free to hit me up. I’m always here to offer you advice. But yeah, you’re gonna hire someone to probably would help.

5:05But we’ll see. I don’t know. It’s kind of fun.

5:11Yeah, no, it’s to your point of like, people just being like crazy expectations. I think I saw somebody like tweet the other day of like, oh, yeah, like, what are they gonna do with all the team tokens that they bought back? Are they gonna redistribute that out? I’m like, that’s like, what? That’s like, they’re like, that’s the reserve. That’s the whole point. Exactly. Yeah. So they’re like, all right. So now that they’ve done the buybacks, what are they doing with the tokens? And yeah, and it’s like, yeah, like how you want, like, they can’t just keep giving all the money that they earn and work for back into it. So like, people just get like, wildly, like out there. So I will say, I wasn’t as I have to be careful what I say, you know, on these recordings, like, I think it’ll be a little more kind of methodical with what I tweet. And I’ve been working on that. But I think people took one of the pods I did, I probably the stroke one, not out of context, but I was trying to be like, Oh, like, how much of the future funds moving forward, and I probably wasn’t as careful with my wording as I should have been. And so I have to have been trying to work on that. And so that and like, also, again, it’s this is like, a building in public kind of thing, which I know is a bit of a meme. But I think everyone has been burned a lot on

6:26these projects that you token holders as second class citizens. And so I’ve been trying to not do that. And the second that I didn’t do that, people were like, Oh, Adam’s just like the rest of them. And so I put myself in their shoes, like, I’m not, you know, I trade, I invest, I see other projects, like, I understand what it’s like. And so I didn’t really take anything to heart, for the most part, but Well, I mean, obviously, with like, talking about the future, things change, the matters change, what the market wants changes. I’m curious from like, the start of this to today, like you guys have teased out where FWA, where it launches.

7:08I’m curious, like, was that part of like the original vision? How is like the community shaped, like, where where this goes? Where do you think this can address like the market? Because I think G and I also would agree on this and everybody else who’s watching this. There are a lot of things that people are unhappy with, like, NFT is just sitting vacant and dormant in, you know, OpenSea wallets. That now has changed.

7:36Now you’re going from like, hey, you’ve collected something, how can you engage with that collection? Now it’s the launch side. I’m curious just how you’re approaching that from a founder perspective.

7:48Yeah, I mean, it definitely wasn’t the initial idea of the project, you know, but you can kind of only so much is in your control. And when you launch it, you see what people are interested in how people are interacting with it, it kind of just comes to fruition. Like, we should do something like this.

8:06And I think a big criticism of the protocol is that not enough people are taking the NFT and they’re like selling it back into the bid. And so I think having these artists come in and try to launch through the mechanism, which I think will result in more people taking the NFT option, which is the whole goal.

8:26I think there’s a good net positive for the protocol. And so we’ll see what happens. It’s, I think I had this idea probably a week into the launch. I’ve kind of, I think I don’t know if I sent it on Twitter, if I sent it on.

8:40So I have a discord for the season two NFTs that I chat in every day and I get a lot of feedback there. So I think there’s like 200 people in there. And then I think there’s a couple telegrams. It’s hard to, hard to bounce into all of them. But people have great ideas and I try to pull from them.

8:55It’s kind of like we’re all working together on it. But again, I am kind of manning the ship. And so it’s can easily steer in the wrong direction. And then when everyone gets angry, we steer it back. And I’m like, you guys are right. I’m not. I don’t have the best ideas and I’m willing to.

9:13You just approach everything like, like, you know, not Hail Mary, but hey, let’s fuck around and find out. I feel like that. I feel like that’s kind of in your DNA a little bit.

9:24Yeah, I mean, I don’t take it too seriously. Like, I think it’s all kind of not a joke, but like, crypto is a bit of a joke and like, we should have fun with it. And I’m having fun as long as everyone’s having fun.

9:36And it’s, I think it’s a, this is like, I feel like we’ve, like you said, kind of struck gold and it makes sense to put my full like kind of attention to it. And a big criticism we had when we turned the buybacks on was just like, oh, Adam wants something every month.

9:52And he, that’s like what he does. And that’s what I’ve been very transparent about is, this is none of these are my life’s work. I’m not going to work on them for 30 years, but I will continue to work on them as they are successful. People are interested in this is a no brainer.

10:05Like I’m kind of fully working on this for the foreseeable future. And so I think that was a big issue we had with and had to kind of like get across. And that’s another kind of communication issue on me.

10:19Yeah, so just to double click on that for a minute, like I know I’ve been having a lot of conversations with people, obviously, like behind the scenes and stuff and people I’ve been like, you know, shilling it to people like, hey, I think this is like really cool.

10:32One of those pieces of feedback is like, yeah, I’m just scared of like, how long, you know, the team is going to commit to this and this and that.

10:38And I know, like, I think I’ve even communicated to you privately, like, you know, like I’ve said, like, you know, we’re buying back the token, we have a vested interest. I’m working on this for an extended period of time.

10:48I think that like just, you know, at some point, just even if you’re like, hey, I’m going to be working at this for at least like, x amount of time. And then if at some point, you choose not to or to move on to something else, you have like a new head of this that will like continue it right with your oversight or maybe you’re an advisor or whatever.

11:07But I think that’s just like something to think about from a communication perspective.

11:11Yeah, I mean, I think it’s even too early to even think about that. Like, I think it’s just working on product. And who knows? I mean, the only point and I know people will like, kind of take it out of context.

11:26But the only point is that we see all these like dead L2s, these dead products tweeting for three years and being like, hey, like, we’re still doing updates, like governance, voting what you want.

11:37And it’s just kind of dead. And I think crypto will be in a much better spot if we just after when we all realized it’s dead, we just took it out and killed it and like, boy, on the next thing.

11:45And so that’s kind of the mentality I take. Not that, oh, project, great idea. Thank you. And then we kill a great idea. We stop working on it. It’s just, do I probably do it?

11:55Do I probably kill ideas earlier than people like, like 10,000 tokens? But I personally was like, the mechanism didn’t work.

12:05We’re here. I’m like, the mechanism works great. We should continue to work on it.

12:08Yeah, you guys have essentially taken over Chainlink at this point, which, you know, I would say that’s a metric of success.

12:15And this project would not even exist had we just continued to work on a mechanism that I felt like didn’t work for three, six months.

12:24There’s pros and cons to it. And so, yeah, no, I mean, I would give you a lot of credit there, too, because, you know, again, whenever you’re an entrepreneur, you’re working on something, right?

12:34Like, like all these things are your creation, right? So obviously, you don’t want to see them die. But like, you also need to be realistic of like, this didn’t work.

12:43Is this something that I really want to work on, you know, and try to force when like, it’s obviously clear you didn’t work and you just have to like, cut your losses and move on.

12:52Because it’s you want to also be doing shit that you care about and that you’re excited to do, right? So I totally get that. And like, listen, this thing is great.

13:01I think to me, the thing I like the most about it, and I’ll say that like, this to me is like a very ETH centric thing.

13:08And I tweeted this last week is that people generally developers in ETH, when somebody builds something cool, they’re not like, oh, let me fork it and create a competitor.

13:18They’re like, oh, this is really cool. Let me build something on top of it. And FWA is one of the first things I think in a while where I’ve seen like people like, oh, this is awesome.

13:27Like, I like there’s like five or six other I mean, there’s things popping up every week of people just building cool primitives on top of FWA.

13:37And we’ve seen some forks. Majority are on like, you know, we’ve seen someone Robinhood, we’ve seen someone Solana. They’re all trade offs. And I don’t think it really has what we have personally in there.

13:51Yeah, the beta play is never there. But yeah, we’ve seen 10 plus products already built on top of the three way. I’m sure we’ll see even more.

13:59And it’s really rally to the people I know. I got some some flack for being like this, the save Ethereum meme. I love I think it’s funny. I love it.

14:08I think everyone’s like, oh, like, you know, we’re the hubris of thinking that you can save Ethereum. I was like, no, but if everyone launched it on mainnet and like really brought activity back and we all started trading on mainnet and we would save Ethereum.

14:20And it’s kind of what we need. And so, you know, it’s a bit tongue in cheek, but I think the the intention is there. And so I think the more people that kind of agree with that, the better.

14:31Also, I mean, saving Chainlink. Yeah. No, I mean, Chainlink’s up, you know, since I tweeted this out yesterday, the day before, since since fake world assets launched, Chainlink’s up like 13 percent or a billion dollars in FTV.

14:47And Chainlink’s like, I don’t even know what’s the FTV of Chainlink like nine billion. Yeah, that’s probably all because they have to be way. Let’s be honest.

14:58No external factors there. I mean, OpenSea’s also got to be happy too, right? Like I feel like I’ve opened OpenSea more in the last three weeks than the last year just because of FWA.

15:11And I’m sure there’s a ton of like a ton of other people. I’m surprised have you talked to them at all about like working together in any way? Yeah, a bit. I mean, we’re talking to everyone and like there’s kind of everyone wants Ethereum and FTVs to win.

15:25And so anywhere it makes sense, we’re having conversations. And we’ll see what happens. But it’s obviously takes time and whatever makes sense.

15:35It’s easier to their credit, a lot of these other companies credit. I’m a two man team that kind of steers the ship like it or not for people.

15:45But when you’re these big conglomerates and these big kind of Dows and foundations, it’s really difficult to move quick. And that’s kind of for better or worse, they’re going to make less decisions and less wrong decisions.

15:57But as a result, like they’re just moving slow. And so I get it. But I think that’s what anyone specifically, but like, you know what I mean?

16:04It makes sense that we can iterate quickly. And some of these older companies cannot.

16:09But yeah, I think the biggest decision I think most people are asking and probably blowing your DMs up or about was the bold PFP collection, which was rumored to be launching on FWA.

16:24I wish I wish.

16:27I mean, bold, we’ve talked. He likes the project. You know, probably not in the cards. Bold PFP two. Who knows? You know, when they watch the second one, little little bold PFPs.

16:39Hopefully that one will make it in. But definitely not. And so I’m hoping we’ll announce the first one today. I’m kind of we’ll see.

16:51So you have you have the first project. We have the first product lined up. We might even push it. The one that I have lined up, we might push back and put something in front of it.

17:00I just want to make sure there are a lot of people that have like crazy expectations for it. And like, I think it’s a really good project and a really good artist.

17:10And so, but I think we’ll see. And so there’s a chance that I might like kind of do something a little special in front just to like kind of show the mechanism, show how it works.

17:22And the worst case scenario is throwing thousands of people at this artist that wanted to try something and like when I can kind of take the brunt of it like I have been.

17:30And so I’m probably leaning toward that sense, but it’s an audit. So we’ll have to see how long it takes for the auditor to finish.

17:38But it’s looking like hopefully ended this week. But nice. All right. Yeah, I think like, first off, I think the mechanism is very elegant and interesting of like the distribution.

17:51And we had a quit on last week and we were kind of talking about, all right, if an artist put a launch on it, I think the cool because it’s like, would they create their own pool or would it be part of the full pool?

18:02And he brought up a really valid point, in my opinion, of like, put it in the full pool because then anything you get from that, even if it’s a floor, is special, right?

18:12Whereas like in a normal like an entertainment, you’re like, oh, I got the floor of this project. Like, I want to get the grail.

18:18But all of a sudden, if it’s in this pool of like larger assets, even the floor is special, because you know, it’s like a rare spin, right? It’s a rare spin.

18:26And I think that like, again, a lot of it comes down to like psychology, right? And like feeling like you won.

18:32And that gives you like a good experience you want to come back. So kudos to you of all of it.

18:38I think like the first convo we had the first time I DMB on Telegram was once like I started FWA started it came up on my feet a lot. And I was just like super busy and I didn’t get to it.

18:50And then once I got to it, I understood I was like, I think I was like, dude, you’re a genius. I’m like, like, such a great mechanism. So kudos.

18:59And it’s funny, I know our mutual friend, like Snuffy, I was showing it to him between the first exploit and the relaunch. And I was like, oh, here’s the site.

19:09Yeah, we lost like $100,000 on we had to pay back the the exploit.

19:15Well, like, yeah, the in the first launch, there was an exploit and the guy who deposited his punk lost it because they were able to influence what was pulled.

19:24And so out of my own pocket, like I paid that guy back. And then I had to pay for the audits, which were about like, I think it was $17,000 at the new relaunch.

19:32And so going into the relaunch, we were down like already like $97,000. And we could have just kind of called it there and launched something new. But I was like, no, I think this is really good.

19:42And so there was a good three week period where I was like, I don’t even know if this is gonna, you know, we’ve already launched people have seen it.

19:50Did they all my friends were like, yeah, it was cool. But like, I don’t know if I’d play it again. And so we got to get speaking of Sluffy, we got to get one of these in there at some point.

20:00One of the water.

20:02I know I was I was in your DMS. Like I do think like there’s something interesting here with like physical product, right? Ultimately, it’s like you have to get it bolted and put it in there.

20:11But again, like I think that to me has been the most interesting thing about FWA is that it almost becomes very similar to like what Uniswap does with like token liquidity, right? It’s like it becomes like that this sinkhole where dude, if you have any asset, like you can just ultimately just put it on FWA and earn on it.

20:29You otherwise couldn’t, which I find hella compelling.

20:34Yeah, I mean, so I saw this other company watch.fun who’s running like a pretty strong clipping campaign right now. And they’re doing it’s the same thing. It’s like, hey, you spin, you got a you can get a watch.

20:46Do you in like the sequence of what you see being added to FWA right now, it’s just NFTs that are, you know, JPEGs. Do you see the RWA arc hitting here?

21:00Yeah, I mean, we have, we already have a lot of the Pokemon cards in like we have emblem vault was able to bridge over collector crypt and they were able to bridge over BZ and we’ve worked with the BZ team.

21:12And I think that’s just like the first iteration, we can get anything, anything in the pool makes sense. And so we’ll see. I don’t think it makes sense to rush things, but I think a big proponent of FWA is like, we’re not doing any of that.

21:26We’re not vaulting things. We’re not authenticating things. We are just putting assets that already exist on chain in the pool. And so if a third party company like Dr. Crypt already has a little infrastructure and we want to just put it in our pool, I think that helps them, helps us.

21:43But we’re not going to do any of the legwork of like, is this a real thing on chain? And so I think that we’ll leave that to the professionals and we’ll stick with the NFTs that we know are authenticated because that’s the kind of how they exist.

21:58A big thing for me though is I still have a lot of, I call it power. I don’t, but like I decide what goes in the pool, which I don’t love. It’s just kind of one thing I want to kind of take my hands off of.

22:11So I’m working on figuring that out. I’m not sure what solution we’re going to do, but kind of if I can focus more on like the FWA launches and let somehow some mechanism determine what gets added and removed from the pool.

22:26Like there’s probably a world where we take out the least favorite asset that’s in the pool every week. And then we add in something new to keep things interesting.

22:36And so I’m not quite sure what it’s going to look like, but.

22:41Yeah, I guess like the, like that kind of leads me to this question of like, I think, so right now I think a pool is like a little under 0.1 ETH, right? So it’s a little under, let’s say $200.

22:53Is there a way, and I know like MegaRip is like a way to kind of do these pools doing less, like, is there, like, have you, what are the complexities behind creating like different pools of like spin amounts, right?

23:07Of like maybe if you want to spin 50 bucks or whatever. I’m sure it’s like I’m oversimplifying it and I’m sure there’s a lot of like backend engineering that needs to happen in order for this to happen. But like, what are your thoughts there?

23:19Well, the only way that would really work is, and again, the price to purchase in the pool is fully dependent on what’s inside. And so if we wanted a pool that had a lower purchase price, we would have to cap what would go in the pool and like have those bands, maybe like only things between 0.01 to 1 ETH can be added to this pool and then that would be a cheaper option.

23:43I think that has its pros and cons. I don’t really like doing that. I think the way we have it makes sense. I think if we lower, because right now the lowest backing price is 0.05.

23:53If we lower that back to 0.01, which it was originally, that will kind of drift everything down. So if that was ever an issue, we could do that.

24:01I think the more things we add to the pool, it kind of drifts down anyway. And so right now there’s 6000 metapies in the pool. The majority of those are on the cheaper end. And so as more things get added, it will just kind of drift down.

24:14On the other hand, some people have been really interested in a high value pool and like I only want, I want to buy something that’s on average 1 ETH.

24:25I, on a technical level, it’s impossible for all in one pool to kind of skew that. It would have to be separate pools, which we’re considering, but I think it’s kind of down the line. It doesn’t really make sense right now.

24:39We’ve seen products built on top that are like, Oh, what if I, you know, you spend a small amount and you get like a different set of assets, but it’s just a different, it’s all kind of built on top, which has been kind of cool. And like we’ve seen a, It’s been like an insurance thing built on top, which I thought was kind of interesting. Like you can kind of ensure your deposit, which was cool. Obviously, quit made his Which was kind of interesting. And so he’s also working on something else. And so I think the less complexity on like a pool level allows, it makes it easier for people to build on top of it. And so I think we’re going to probably stick with one pool for all of the assets.

25:25And then with the individual pools that we’re working on next, it will kind of be up to the creator. So there’s a one where they kind of make the small pool or they can make the big pool. And that’s just kind of out of our hands.

25:37Right. That’s like, I know I’ve spoken to a couple people with big collections. We’re like, yeah, I’d love to have my own pool set the price and like run spins on top of it, which is really interesting as well. Right.

25:48Cause it’s then you start having these people that have these collections also be like a, let’s call it for lack of a better term is like a distributor, right? Like an affiliate, because they’re kind of pushing the protocol by pushing their own specific pool, which ultimately leads to more spins.

26:04Yeah. I keep coming back to, you know, how much inspiration have you taken from Hyperliquid and Polymarket who have prolificated their product through, you know, like basically just being the backbone for everything.

26:18Everything that’s built on top of them and using builder codes and, you know, basically making new markets that people can interact with.

26:26I mean, obviously Hyperliquid is one of the best products that we’ve seen in crypto. And so they’re inspiration on like the token level. But I also think they’re just like very straightforward of how they like, they launch things and they’re very transparent and they’re very community focused.

26:43And so we kind of try to do that. I think an important thing to note is too, like, I don’t, we don’t have a marketing team. I am a terrible marketer. I don’t market. I don’t, we don’t pay KOLs. We don’t do any sort of affiliate links. We don’t do anything like that.

26:56Just cause I think it’s a good product. We’ll do it for you. And we’ve kind of already seen that. Like the 16 things we’ve launched, we’ve never done that. And it’s a pro and a con.

27:05Like I think some people really like that, like gotcha marketing and that like, you know, they want their favorite KOL to post about it, but we’ve already seen, we have, there’s 3000 holders of the token and these people are marketing it way better than I ever could.

27:19And so I’m, I’ll kind of let them post their theories and whatnot. And I’ll just kind of focus on building the product. And it’s been kind of a good dynamic in that sense.

27:29But I think kind of Hyperliquid does the same thing. Like they’re just, you know, their heads down working on shit. And then the people making the threads are making the threads and they’re not paying them to do that.

27:38So cool. Yeah. No, I think like I’ve had a couple ideas and we were talking about it on screen, off screen before we came on. But, you know, I’ll probably, yeah, try to figure that out.

27:51Cause I do think like to me, it’s like, I, what I find interesting is like, first we built, you build out the protocol layer of the supply, right? And now all, now we need to figure out how to get demand and people wanting to spin one within crypto and two with like outside of the crypto space.

28:07So yeah, it’s very, dude, it’s so cool. It’s very elegant solution. Very excited. I know, I know you have to jump in a minute, but Hunter, do you have any last questions or anything for Adam?

28:22Yeah, I guess the only, the only other question I have here is, you know, as, as you look at the future, where with, you know, NFTs and what you’ve done, does the fungible side of things interest you at all here?

28:40I think, you know, I think the only thing that I think is, is whenever people talk about launch pads and new launching mechanisms, I go back to one of the biggest issues that we seem to have in the industry is fair launches of fungible tokens. Is that something that you’ve thought about in any way?

29:02I think that kind of exists. And we’ve done it with FWA, we’ve done it with Punk strategy, I think with MoG, Pepe, Wreck, maybe a couple other ones, but that already exists. It’s super easy to do.

29:14If people like the Foyer launch for NFTs, like there’s no reason you couldn’t do this with the ERC 20s as well. And kind of like that could be the way to launch a token into the pool.

29:26I mean, I think it’s the one for me that builds it, I don’t know. And so there’s a chance that we build up Foyer launches, people like it, it’s permissionless, it’s ready to go. And then that’s like a product on top that people have kind of built. And that’d be super cool to see. Or if that doesn’t happen, I could probably do it myself. But I’m not against it. And so we’ll kind of see how there’s a lot of moving parts. And we kind of have to see how if it even works. And so I think it will. But we’ll see what the market thinks.

29:53Awesome. Thank you so much for jumping on. Pleasure. If you guys aren’t following him, go follow him on Twitter at rhynotic and go check out FWA and do a spin yourself. Appreciate your time, brother. Awesome. All right. Thank you guys. Appreciate it. Thanks so much. I’ll see you at peace.

30:11Man, awesome. I love it. Incredible time. That was great. He’s such a gigabrain. So it’s great. Yeah, it’s great. So it’s great listening to him talk and think about stuff. I didn’t want to necessarily put him on the spot. I don’t think he was going to share who the artist was. But regardless, I think it’s cool.

30:31Part of me was thinking we might see wrecked here. I feel like that’s a move OSF might make because the little thing that he dropped at the end there was wrecked has already done the fungible side with them. OSF has a launch that is slated for Friday.

30:49And, you know, he’s saying, hey, we’re going to announce it today. We might move on ahead of them. Timing the timing could work out there. Maybe. Yeah, it’s on Robinhood. I guess that’s it. Yeah, that’s what I was about to say. I think his his launch is on Robinhood.

31:09Can they do other chains? Well, they can. I think you have to vault it. I think you have to. Okay. Maybe who knows?

31:21But yeah, I don’t know. I like again, I think it’s one of the most interesting things I see happening on chain. So that’s kind of why I’ve been like really pulled up on it. And I think even at I don’t know what it’s trading out right now, about 25 mil, I think, right before we came on the show. 25 to 30. It’s been flipping between there. Yeah, I just think it’s like so cheap for like what the upside is.

31:42And I think that like, again, I think the fact that he’s building the protocol layer for people to build on top of is the most interesting part. So now people can come in and like build cool things on top of it. And they don’t necessarily have to worry about them trying to like fully vertically integrate everything.

32:03Because they want to take all of it. Like he’s it’s almost like he’s leaving some money on the table for people to go pick up. And I think that’s how you build like a good ecosystem, right? As opposed to trying to fully vertically integrate. So yeah, I look, I keep going back to the comparable. I think what made Polymarket blow up was a lot of the people that built on top of Polymarket and the access and the repetitiveness of clicking.

32:32And I just see the comparables so much. I really wish you a salon so I could ask them the cross chain question because that that seems to be especially for NFTs right now. I’ve seen so much activity on Robinhood and you’re seeing people choose to launch on Robinhood because that they’re just the demand and the euphoria that’s happening there.

32:56And I think that’s, you know, how do you how do you save ETH, NFT, like ETH and NFTs on ETH by using other chain activity that that’s even more interesting.

33:10Yeah, I think that like, well, I mean, have you been, you know, what’s going on with stock brokers here?

33:17Like, I guess they launched a launch pad.

33:21The pairings. Yeah. They launched another. There was another launch pad launched yesterday. And like, I guess it went not great from like what I saw.

33:31Oh, and so, and some launch pad? No, no, not handsome launch pad. I think stock brokers launched a launch pad as well yesterday. Ansem launched a launch pad, which like, we can get into that in a minute.

33:44I think, yeah, we can get into that in a minute, but I just the stock broker stuff. I think they they did a launch pad. It didn’t go well.

33:52And I think like the stock brokers token is down like a ton since then. And somebody was like, it’s like Pons V2. I don’t know what happened with Pons V2. So I feel like you’re more in the trenches there.

34:04I’m just saying it’s the second version of Pons was. Oh, yeah, I guess I guess to an extent. Yeah, I guess the V2 is the V2 of Pons V2. Yeah.

34:15Yeah. V3 Pons V2, whatever. Interesting. But like, apparently there’s there was like, I guess the the initial pool pairing got MEV’d and people that like tried to pair on the launch pad.

34:28There was like, I think an exploit that got MEV’d. And yeah, it didn’t go great. And I think that’s all of Robinhood tokens down yesterday from my understanding.

34:41I mean, look, the product’s good and people want it. Just like Renalix just said, like, you can relaunch and, you know, lick your wounds and take care of the people that got screwed and and keep going. It shouldn’t delay it.

34:58I mean, if this is what if this is what ends Robinhood Chain, then, you know, I think that’s all you even know. I don’t think I don’t think he’s going to end Robinhood Chain.

35:06But I just think it’s interesting because I think a lot of a lot of Robinhood tokens went down yesterday because of that.

35:15But I actually know I would push back and say a lot of Robinhood activity got sold off yesterday with BNB and PACE popping off.

35:24So you had Kobe follow the cat. That token went from 100K up to like, what, 40 million in market cap.

35:33I mean, I had friends making one hundred thousand dollars and, you know, logging off for the weekend.

35:39I know for the weekend, dude, it was Monday. I know.

35:44Yeah, they’re like, it’s the weekend. And then obviously BNB, I don’t know if you’ve been paying attention. BNB has been going crazy.

35:52You had CZ burn a token that was in his wallet and that ripped up to like, again, things are crazy.

36:03And I will say on the fundable side, on the meme coin trading and token trading side, we are seeing mass rotation.

36:11If you watch bridge activity and Lute’s been monitoring this and had a very good conversation internally yesterday on what we see coming here.

36:20But the rotation has been out of Robinhood into Solana base and BNB.

36:28Those flows are slightly coming back this morning.

36:31We saw some coming back in. But a lot of people just want to go to where the music’s playing, man. And Robinhood’s been hot, like fiery, fiery hot for the last two weeks.

36:42And, you know, if you drop the token, if you drop the NFT project, it was ripping. It was going crazy.

36:47And now I think there just happens to be some motion happening on other chains and people are like, OK, let me go play there.

36:54Last night, there was just no there was no activity for like three hours. There was nothing that was going crazy.

36:59Nothing popping off. And so you probably have some people that are like, hey, I’m up a bunch or I just I keep losing money.

37:06Let me step away a little bit. And that’s that’s leading to this all. Yeah, I mean, I like this this tracker.

37:15You should put that the flows tracker. You should make that like a dashboard on Lute. Yeah.

37:20Well, you do that. Yeah, I think I think that would be pretty cool because it’s almost like an early signal of like, oh, like money starting to move back here.

37:28Like, you know, by these means, not that it’s really my game, but like I think that if it was my game, that would be very valuable.

37:34Yeah. So we internally, I don’t know how much hate I’m going to get internally from talking about this.

37:39But I mean, one of the things that we built with our new blockchain company that we we run, like the sister company to Lute is a it’s a flows tracker.

37:53Tracker that essentially at any like when we find a token that is starting to pop off, we look at every single wallet, like buyer and holder that’s coming in and we understand what they sold to fund their purchase of that.

38:06And then we also look at when people are selling that token that they might, you know, just run up a $10,000 win.

38:12And they’re one of the top holders when they’re selling that token or as they’re starting to sell that token off, what are they rotating into?

38:20And so if you like really zoom out, you’ll see this in like a lot of our branding of the company, but it’s like thinking about the world and a galaxy system, right?

38:31Like you’re going from one galaxy to the next. It’s like blockchain to blockchain.

38:34And then within it, you have this whole ecosystem of, you know, planets, which might be different projects, etc.

38:41But you are, it’s really just kind of a hot potato jumping around and understanding, okay, well, if these this bundle of three wallets, we see them buying, selling this and buying the next thing.

38:52We don’t, I don’t know, I know nothing about them on socials.

38:55I know nothing about their telegram groups or what they’re doing.

38:59But I know that there are signs on the blockchain because of activity that, hey, there’s there will be money rotating out of this token.

39:09The top’s probably in, attention’s done. It’s getting, it’s not going to be pushed anymore.

39:12It’s going to another place.

39:14And this is nothing novel.

39:16Like this, this is more like you, you’re going up against, as a trader, you have to understand you’re going up against companies with $100 million to quarter, you know, quarter billion dollar war chest that are market making.

39:31They are backrunning you.

39:33They are, I mean, they’re in every sense of the word, you are the dumbest player in the room.

39:39A lot of people look at KLLs and they’re like, yeah, they’re, they’re the only winning because like they’re, you know, they’re dumping on everybody.

39:45Yeah, they, they just have attention on them.

39:47I can assure you, even Frank and Razimer and all these other guys who, you know, have all these copy traders and people that are buying what they buy are running into this, the, you know, the quants that are like, hey, we can make a quarter million dollars a day playing this meme coin game because we’re just, we have better infrastructure.

40:06We know where things are going and we can even spot when the KOL sidewallets are doing stuff because even though they think they’re smart, there’s a pattern that we can recognize.

40:15Right. Yeah. I mean, listen like that. I think again that this, this is not my game, but I think it, you know, you understand the dynamics of this really well because you’re building something around it.

40:27But yeah, I listen, I think any advantage you can help give a trader because like I’ve been on, like I went on FOMO. I hadn’t, I’ve had an account since February, whatever.

40:38And I went on FOMO and I put the same shade on in Lute, I think like maybe an hour or two earlier because you guys integrated, uh, KOTRONs much earlier than FOMO did.

40:52But like, you know, cause I’m like messing with these things, just kind of just see like, you know, what is it that people are doing?

40:57But like, it just like, it’s, it’s funny cause like there’s no, in FOMO outside of like knowing your position, like seeing like what they purchased in on their account wallet on FOMO.

41:10Like I can’t see anything else. There’s like no analytics. And I get like, that’s kind of like, maybe like what makes the app so compelling is because there’s not much, there’s not, you don’t have the, um, like analysis paralysis that comes with like a ton of variation, right?

41:27Like one of the reasons why I think Chipotle did so well, so fast was because it was very easy, right?

41:33You can go down the line, like with all the different combinations, there’s probably like whatever thousands, tens of thousands of combinations we can get of, of something from there.

41:43But if it was like, oh, choose one of five, choose one of three, choose one of four and all those types of things, it just makes it a little easier to like make a decision, right?

41:54And so I think that like, but on the flip side of that is when you make it easier to make a decision, you don’t get all the information that you might need to like make money, right?

42:03And so, uh, that’s what I think is really interesting about what you guys are doing.

42:07Okay. So I know, I know we’re comparing Chipotle to financial decisions here.

42:14Um, I, you know, there’s this like insane take that it was like the most important thing about a token and whether or not you should buy it is looking at who, who the holders are.

42:25And it made me, it made me cringe so much because, you know, what happened to fundamentals?

42:31What happened to actually looking at token understanding like, hey, this is, there’s value here.

42:36And maybe, you know, to an extent I get that mean coins, there is no fundamental, right?

42:41Like there is no revenue to, you know, dog coin or, uh, to any of these other ones that are just obscene.

42:52But, you know, what is that? Is that good for the ecosystem? Is that good for people that are trying to make real financial returns? Um, because we’ve talked a ton about the patience of like not, not rushing in only having to make a few trades a year.

43:07And this is just a, such a different game that it’s like, people are just like, Hey, like g money’s in it. All right. I’ll throw, I’ll throw $1,000 in.

43:15So, okay. I, I, um, I agree with you, right? Like what, but what you’re talking about is a fundamental decision and a fundamental investment that gets made and the timeframe anywhere from whatever couple days, couple months, couple of years, whatever long-term and like mean coins where it’s like, all right, like this thing might have a life cycle of an hour, right?

43:37And I, I don’t like the meme coin thing, which is why I generally stay away. I don’t necessarily understand it all that well. It doesn’t make sense to me.

43:45But, um, I think when you look at, and I, I wrote an article about this yesterday on my ex of like, you just have to see like all these things is like, if crypto’s one massive casino, we know that like at this point in time with the AI coming, the permanent underclass, I have to escape the permanent underclass.

44:05I think because I use it, it’s like theimm’t out in the whole field, no matter what, no matter how much money you make. And I say this with certainty, because I remember I was having lunch with an MD at a major wall street bank a couple months ago.

44:23And the guy probably makes, he definitely makes that, in New York. Right. And this is in New York as well. Yeah. In New York City right. In, um, makes it you know seven figures a year.

44:34Right? Like, it just like, you know, we’re talking about, you know, how much it costs to go out now or, you know, to get on a good meal, to get a cup of coffee.

44:42Like, I think the last time I was in New York, I spent $9 on like a blank street coffee. I mean, it was delicious. But like, I also had to wait in line for 20 minutes.

44:51But like, you know, it is what it is. But like, you know, this is so this is not just a feeling that I think people at lower wealth tiers feel.

45:01I think no matter how much money you have, because it’s all relative, right? Like, if you love, like, let’s use like Nick, the Knicks game, the Knicks finals as an example, right?

45:12Like, if you love the Knicks, and all of a sudden, like, you’re like, all right, like, I’ll go to a Knicks game, I’ll spend $5,000. And in the past, $5,000 would get you like, floor seats, right?

45:24And then this finals run $5,000. You were lucky if that got you in the 300s or 400s level, like, there’s I think there’s a couple 400 sections.

45:34But like, that would have got you in like the 300s for five grand. But now all of a sudden, you’re like, okay, cool, like, I’m willing to spend $5,000 on this.

45:41In the past, like, that would have gotten me like down on the floor, like, I could, you know, throw, I could throw something at the player if I wanted to.

45:49And now that puts me up in the nosebleeds, right? And so it’s like, there’s like, no matter where you are, on, on the, on the wealth spectrum, you’re feeling it, right?

46:00And so then, okay, so then because of that, maybe you feel like you need to take on a little extra risk, right? Maybe you take on a little more margin on your stock positions.

46:09Maybe, you know, you play slots more, you play, you gamble more, right? You play more sports betting.

46:15And that’s why I think we’ve like seen the rise of, you know, Polymarket, Kalshi. But then also that explains like kind of meme coins as well, right?

46:23Of like, oh, I want to hit that thousand X.

46:27I think it’s even like the fuel in the fire of that is yes, people are like, I want, I need to make more money.

46:32I want to like make more money. But then you have an, and I had like, I could go in a crazy rant here, which is I had, I had a, I had a good friend reach out the last like three days in a row.

46:44And he was like, I, you know, I hate myself. All my friends are up like six figures over the last week.

46:51They keep hitting win after win. I keep losing. You know, I was, I had made trade, good trades before.

46:58And I’m like literally grinding my port down. And, you know, my, my reply to one was like, cool, like figure out what you’re doing, change it.

47:06And he could not get over the fact that everybody that he considers a friend, all of his peers, the entire industry are all posting these big P&Ls.

47:14And so he’s like, I have to keep clicking. I have like, I have to buy everything. I can’t miss the next one.

47:19And so like, I think the number one thing that is like, it’s frustrating me, even as a trading platform CEO is you don’t have to, you should not be looking at other people’s P&Ls and having that be a validation of yourself.

47:34I think that is the most flawed human psychology ever.

47:37I think that’s, that’s like classic human nature, right? Like I mean, I’m sure you’ve felt it.

47:44I have definitely felt it at times when I’m like, oh man, like all my friends crushed it.

47:50And I’m here like an idiot holding the bag or like I didn’t crush it. And like, I had the same opportunity and this and that.

47:57But like, so one is like, I would say one, first off, don’t believe everything you see on social media, right?

48:04Because like, I definitely think even people posting screenshots and whatnot, like, I don’t know.

48:09I think like it doesn’t always tell the truth. So, but like, I think for like your own sanity, like, like, I’ve said this a bunch and listen, I think as a human, like, I kind of fall for it too sometimes too.

48:22You compare, right? You compare your P&L to other people that were in the same trade.

48:26It’s like, oh, you traded it better than me. You can only, I would say like the only things to do is like, hey, like, I’m happy my homie made money.

48:34You know, at some point my time will come. I just have to keep on doing the things that I do to make money and you don’t force stuff.

48:42I’d say like, so when I moved to PR, one of the biggest unlocks for my trading was the fact that because I had a lower tax rate, I didn’t feel the need.

48:58Like I knew that I could literally make 50% less money and I would make the same amount of money after tax, right? About around that.

49:06And I knew that because of that, I could be more patient. Whereas when I was like trading under a New York domicile, I just like, I was like, dude, like I have to like make these trades.

49:18I have to make a certain amount of money every month. And sometimes I had forced trades that didn’t need to be there.

49:23And then I was able to be much more patient when I moved here because I was like, oh yeah, like I’m already like 50% ahead just by being here.

49:31So I don’t need to like, I don’t love a trade. I can sit it out. I can wait. And that led to me making better trades, to me being able to take on more size, to being more patient and all of these things.

49:43This is all like a definitely a psychological thing, right? There’s you have to kind of like work yourself through it. But I think you have to understand that when your time will come, and as long as you’re doing the right things, like the things that you know, right?

49:58Like, I, oh, man, this just like reminded me of a tweet to talk about that time I wasn’t making money. Right? And, you know, like, I like, I think you wrote something and I responded.

50:11I’ll go on on my little on my little story here. But like, I remember, man, I don’t know the exact year, but it was over 10 years ago.

50:23And I remember at one point, I think it was either a 12 month or an 18 month stint where I couldn’t make money.

50:29And I had like a big mortgage on my place and living in New York, like, obviously, like expenses piling up and I was like cutting into savings.

50:39I ended up having to borrow money from a buddy of mine in order to like kind of like build my stack back up. And the like, the thing that like, that kind of like I remember sitting there and being like, man, I have no like marketable skills.

50:54Like, I like, I mean, obviously, I could find a job, but I wouldn’t be able to find a job at the at the salary that I was accustomed to making that I wanted to make.

51:05And so I was like, fuck, like, what am I going to do? And then I was just like, did my system stop working? Because like, as a trader, this like, the thing that always scared me is if like my system stopped working.

51:16Right. And if it stopped working, like, I would have to find and adapt another system. But how long would that take till I found a way to be consistently profitable again?

51:23And so I remember being like, man, like, maybe like my system doesn’t work. But then, like, I looked around and like I had a I ran a group with my business partner.

51:33And I don’t know, I think at that point, we had like 10 traders. And every single one of them were profitable, except for me.

51:39So I’m like, the people that I taught how to trade my system were making money. So it wasn’t the system that wasn’t working.

51:47It was me internally something like I wasn’t seeing things properly, I was I was taking on unnecessary risk in certain ideas or whatever.

51:56And I read, I read this book called Becoming Superhuman, which was about flow states.

52:03And then I went to my first Tony Robbins event, which is like all about like flow state management, for the most part.

52:12So I like, and literally, I came back from the Tony Robbins, I went to I went to his first event and then I went to I think Date With Destiny, which is like one of his like main main things.

52:23And I the the the day after I came back from that event from that weekend, I think I had my best trading day in like five years.

52:33Like literally, like the day after. Yeah. And like it was like it was sick, you know, obviously, best trading day in five years.

52:40And yeah, like it was just about like the thing is, like it was all in here, it was all in my head.

52:45Like I was doing. But I wasn’t I just like wasn’t in the right mentality framework because I’m like everybody around me is making money except for me.

52:56I’m the one that’s losing money. And then like that negativity begets more negativity.

52:59Well, it’s not even it’s not even your own. It’s not even your own self talking to you.

53:03It’s letting other people’s like projections of like maybe maybe not specifically in that case.

53:09But like I feel like there are traders right now who are like reading the timeline and they’re like they can hear the other trader being like, oh, damn, like you suck at trading.

53:19And they’re like, oh, but like we’re friends. Like they’re like, I have to validate myself.

53:22I have to get the number up. I have to get a win. I got to if I don’t, I’m going to like become not relevant in crypto Twitter anymore.

53:31And people see these deals going around like we got FOMO and Pump throwing money like insane to every every trader and content creator right now.

53:40And so I get it. I totally I totally understand how you can easily just like look in the mirror and be like, fuck, like it’s it’s GG’s man.

53:48Like it’s over. But like you it’s only over if you mentally allow it to be over.

53:54And it’s it’s not an easy thing to like eat dirt and eat nails and be like, fuck you.

53:59I’m I’m I’m going to figure this out. I’m going to get through this.

54:02Yeah, listen, like a trade like I know I said this a ton, right? Trading is hard enough.

54:08Right. It’s hard enough. You have to come in. You have to make money every day.

54:12You have to find that money in the market, extract it and go home.

54:18And you have other people trying to take the money from you. Right.

54:20And so it’s like it’s hard enough, even on its own, to add in that layer of complexity of, hey, comparing yourself to others. It’s just like it just makes it that much harder because it’s like it’s a very difficult game.

54:33And just because you put in the time and the effort doesn’t mean that you’re guaranteed success.

54:39Right. Like that was one thing. You’re owed nothing. You’re owed nothing.

54:42Yeah, that was the one thing I learned early in my career, because I think like I was always like a good student in school. Like, you know, I worked hard. I was able to do things, complete things like if, you know, whatever was required, I would do it and I’d get the A. But like, you know, trading is just very different. There were times I remember early in my career, it’s like I lost money one day and I’m like, I want to sit there and like rip through charts and like understand things more and do more work and all this shit. And like, honestly, like the best thing that I could do at that moment was literally just turn off my computer, step outside and call it a day. Right. And just go for a walk and just like clear my head and then come back tomorrow or come back, you know, a couple of days later. Right. Like, you know, like that, that to me is like probably one of the hardest things is like knowing when to step away to clear your head and not always being like, oh, this means I should work harder. Sometimes it just means you should just like take a moment to yourself, recollect yourself. And then you can get back on the grind, right? With a clear head.

55:41Yeah. And so like for me, during that period when like I couldn’t make money, I was like, you know, like again, every day I’m like trying to force it. I’m trying to force it.

55:50And then finally, when you know, like I had like the right mentality, the right mindset, I was in a good flow state, you know, like the things just started clicking, right?

56:01And so I think it’s like the same thing. No matter what asset you’re trading, I think this applies to mean coins, to crypto, to stocks, all these things, right? So.

56:13Yeah. Yeah. Yeah. And also, if you step away, don’t come back from the step away and be like, oh, shit, I’ve missed like 100X. Like that, that you’re coming back with the wrong mentality immediately. Yeah, no, I agree. I think you have to, you have to be okay with like leaving money on the table, right? There’s, there’s always going to be somewhere to make money, right? That they always say there’s a bull market somewhere, right? Like even like today, you know, I see semis are getting crushed today, the market’s getting crushed and Bitcoin’s strong, right? So. Yeah. I mean, somebody was joking me and they’re like, it’s been a bear market. There’s been no way to make money for like the last six months, eight months, even a year, you know, trading. And I like put my head down and I was like, yeah, the other has, it’s called Pokemon cards. Like literally, like there’s another market, like you just got to think about like, there’s a market anywhere, right? And the cool thing is, everything has become tradable on like one account, like you want to do prediction markets, like right now sitting on Polymarket, I guarantee you, there’s a prediction market here that you can make, you know, 50 extra money, or 30 extra, you know, even 10 extra money right now,

57:26because it’s mispriced. And if you go put in the time and, you know, find the right niche, or find the right subject matter that you can research and actually understand the outcome of, there’s a win there. The same thing applies to the stock market right now. There’s a token, there’s a, there’s a stock out there that nobody is even, CNBC has never mentioned.

57:46And it’s going to do 100X over the next 12 months. And it might not even get mentioned by anybody else, but it’s, you know, its positioning is just more caps is priced, and they have something coming or the world is going to move in that direction, it’s going to hit. So there’s always opportunity.

58:03That’s, that’s the good news for you as a trader. In the, in the semis, you know, I don’t know if you want to pull up the chart here or anything. What, what do you got your eye on right now? So MU trade is hitting or it’s down today. Yeah. It’s a, listen, it was, I think, I think on top ticked it yesterday when I tweeted it out, it’s above a thousand and it’s down. It’s at night 40 right now. Are you sharing my screen right now? I am sharing your screen. Okay, cool.

58:32So some weakness today, I think across the board in all semis in all the AI trade is a little weaker today. I think from what I saw this morning, it seems like what people are saying is that the second, it’s the second derivative slowdown on anthropic numbers is what is like leading to the cause of weakness, right? So it’s like, even though growth is really good, that growth has like slightly slowed down. So there are people are trying to use that as like a sentiment gauge.

59:03Again, I don’t know if I necessarily like agree with that per se, because also, again, I just think that like the AI trade, I think we’re going so much higher. I do want to say now, and I’m doing a walk back on SpaceX. I want to, I want to buy SpaceX.

59:25Here at 142. So when I was like, when I was like, I would say I want to buy at 115. You’re like, I’d wait for 80. I didn’t. Yeah, yeah, yeah. Well, here’s the thing is things change, right? In my opinion, things change. And so at 110, 115, Grokbot was not out. And now Grokbot’s out. And I think Grokbot’s really, really good. Give me give me the Grokbot full case, because I saw that. And to me, it was a non event. I mean, I just think the form of it is great. You don’t have to like, you literally just like, it’s like plug and play. And I basically have a Grokbot for each of the things that I like my subjects that I want to like focus on. So then I’ll go to that Grokbot. So for instance, like I’ve been a bot like Grokbot, I have a health one, I have a trading one, like all these different things where like I go to that guy, and I just talk to it. And the thing I like about it more than like the other one. So like, I’m no longer really like, I’m no longer really working in the CLI at this point, like I’m, I’d say 90% of my AI interactions happen on Grokbot. And this is like within a week, I also have a lot of fatigue around trying new stuff. Because every time you try a new business or whatever, you got to like reset it up. So

1:00:50like, the thing I liked about Grokbot is like, I didn’t really have to set it up. It was just kind of plug and play. I installed it on my Mac Mini. I know these things are in the cloud. So it’s probably even more seamless. If you don’t have the setup that I have. And I think my setup has made it a little more complicated for me. But like it works for me in the sense that if maybe in a month or two something better comes out, I can like plug and play into that. But I think Grokbot is really good. And I saw Gavin Baker put out a tweet, I think yesterday or this morning around how like he thinks Grokbot is like the chat GBT moment for like agents, most people, and that his personal usage of agents has a hundred X. And I tend to agree with that. Like, and so, but I don’t, so you, you were saying Grokbot ratios, like co-work.

1:01:44I, well, I mean, I like co-work for here’s something on my computer I want you to do.

1:01:50Right. Okay. Yeah. Like, like if I’m like, for instance, like my computer on my laptop’s really slow. So I’ve been like trying to co-work it to like stop being to stop freezing, right? Like fix this. Right. And so, but when I’m like trying to do things of like, let’s say my health monitoring, right? Like I’m monitoring my workouts and all this stuff, like what supplements I should be taking all this stuff. I am now talking directly to Brock on the Grokbot app. Right. Because one, here’s a couple of things I like, one, it is good enough. I’m not coding, right? And even if I was coding because it’s fun, because it’s on my Mac mini, I could just say, spin up a codex or spin up a cloud code and run it, right? Do this in structure, right? So I can like tell it to do that. And it just like, it’s just good. And I think for like, and I’m a more technical user, but like where I think this starts to become really interesting is for non-technical people that it’s just like an easy interface. Like the setup was very easy. I feel like this almost to the point where I could, like if I could give this to like my mom and she would like understand it if she actually had a use case for it. You know what I mean? Like I, it’s just very seamless

1:03:09and easy. I can’t really, I can’t put my finger on it other than the fact that like I’ve found it really enjoyable. I think that I like is that it’s, it’s smart enough and it is very fast in that, in its responses. Hmm. And so like even like I found even before Grokbot came out, I was using Grok on the CLI for like almost like personal assistant type things, right? Anything with coding, right? I would be like, I’m going to do codecs. I kind of stopped using Fable because I felt like Fable, even though it was very capable, it just like, if you use it on the wrong task, your, your screen, yeah, like it would just like guardrail me down to Sonnet or whatever it was.

1:03:52Obis, it would guard my guardrail me down as Obis. And then all of a sudden I’m just like, well, why am I even using this? Right? So then I started using codecs more on all things like coding, development type of things, but on all things like, Hey, check the status of this server or check the status of this thing that’s running. I was using Grok because it’s so fast and it gives me an answer so quickly. Interesting. I think that’s really valuable, right? Because I don’t want to wait five minutes to be like, Hey, why isn’t the VPS responding? Right? It’s like, it’s an easy thing to answer. I don’t need like codecs 5.6 on it.

1:04:29Yeah. Yeah. I know. I asked something to Claude the other day and it was like doing research.

1:04:34I was like, no, no, no. This is like, this is like, this is an eight word question. This should literally be an instantaneous answer of like, yes or no. And so I think that I waited 45 seconds for a fucking yes. So that to me is what I find really interesting about Brock and then added to that, the fact that one, they are now in my, I consider them like in the race, not frontier, but like their ish. They ate like, I haven’t connected it to my ex yet, but like you can connect it to your ex and like, it’s part of like, it doesn’t like call the API. So there’s no added costs there. So it’s almost like a way to be like, all right.

1:05:13I can now like, and I saw some people are doing cool things with like their rock bots and x and almost like creating, I think curated feeds on there, which I think is really interesting.

1:05:21Interesting. I want to mess with that. But then also like, obviously like it’s Elon and he’s like securing a bunch of energy and compute and like all like he has like all the things set up for like XAI to like be a real content. Right. Yeah. I think, but I think X as a total takes, it was starting to take over. Like I see that, that vision of like, all right.

1:05:45The most used app in the world is X in the next couple of years. Like it makes sense.

1:05:50Right. But I guess like I try to take that with a grain of salt because like maybe we think that because that’s where we’re most active. Right. Like I, you know what I mean? Like it’s like the same thing with like traders are a new celebrities. Like, yeah, of course you want to think that because like we’re all traders. So like, you know, you want to be a celebrity, right? Being a celebrity is cool. Right. And so I just don’t know if we’re in our own record chamber. So I can’t sit there. Like I hope X takes over because that’s my biggest platform. So, you know, that’s where I have the most, most followers, the most influence. I hope that’s what happens, but I don’t know if that happens. Right. Yeah. But I will say that like on the back of this, I’m like, yeah, like I want to, I want to buy SpaceX. Where are you bidding? Okay. So let’s, let’s be very clear on bid levels here for my sake. I would look to buy into weakness. Right. So the fact that, you know, it’s doing this, it’s like holding up while like the rest of like the AI complex is getting clobbered, is very bullish. I would like to, I guess maybe I’d like to buy it around this.

1:06:57What is this? The 20 day? 20 day? It’s probably the 20 day. Yeah. The 20 day moving average around 130. If you could get it. I mean, I like, I’m just like, I’m now I’m like, all right, cool.

1:07:10Like I think this and like, it’s funny too. Cause like I thought about, I think like after the last time that we were talking about it on stream and you’re like, Oh, I’d like to buy some here. And I was like, no, I’d wait to 80. I think I moved it up to like, I’d wait till 90. And then like, literally, I think like the next day I was like, ah, man, should I just buy a little bit here?

1:07:31Just in case. And I didn’t, but that, like, that was kind of like one of those like trust your gut type things when like, I just didn’t listen to my gut. And I should have, because I think that would have been like around the high teens around there. But like now it’s like, I don’t know. Again, like it changes, right? And I think this is part of being a trader, right? Is like when new information comes out, all right, will there people like, let’s say I were to buy it right here right now. Are there people that got in at a better price to me? Sure. But they also probably were taking on more risks than I was. I’m not even realizing it. Right. And so like, I’d much rather when, when the story changes, your thesis has to change. And that’s kind of how I feel with this, where I’m now like, all right, I would look to bid this at some point in the next, I don’t know, 60 days, right? Where like, you know, maybe on a really big down day, one day, Burry comes out says he’s short, right? Like, cool.

1:08:25Thanks. Like, that’s what he did with Nevius, right? He said he’s like, he’s shorting the weakness on it, caused a little more weakness. And I was able to buy some load up on some calls.

1:08:35And then they blew up numbers, right? And so it’s like the same type of thing. I’m not saying you need to run out and buy it right now. But like, the story for me changed, you know, and like, maybe, you know, I’m late, you definitely could have gotten better entries, but that’s fine.

1:08:50Right? Like, it’s, that doesn’t necessarily mean the story is different. So it’s like, you have to kind of trade to whatever it is, the style that you’re in. But like I said, to me, it changed. Yeah, better entry. But like, we didn’t have that information. If I knew that that crop was going to be this awesome. Two weeks ago, when it was under 110, I would have been like, yeah, like, let’s buy this handover fist, right? Because it’s like, this is very cool. But yeah, so I don’t know, I’m like, I’m, I’m much more, much more inclined to be bullish. I’m much more inclined to like, buy this into a pullback. Because I even feel like, the reason why I was like, you had time is like, okay, like rockets, data centers in space, that’s like, that’s more than like, you know, 12 months away, 24 months away. And so it’s like, I don’t need to be there that early. But now it’s like, if they’re going to be like, at the, at like the frontier of the Pareto, the Pareto frontier, whatever it’s called, right, if they’re going to be like, in that conversation, then all of a sudden, like, you know, event thropic and open and open AI are at a billion, a trillion and two trillion, like, then how much is xAI worth, if they’re like right on their tails, right? And like,

1:10:07to go higher. So I don’t know, like that, to me is very interesting. I would look to buy stuff into buy it into a pullback. When I do buy it, I’ll like tweet it out and talk about it. But yeah, that’s kind of, that’s kind of my thought process on that.

1:10:23So I mean, I’m like, I’m looking at the right of your screen now, it is is bad today. Yeah.

1:10:30It’s ugly. Well, listen, the I think that like, I mean, AI, like, had like, the AI trade had like a massive run up, right? Like, it’s like from Leopold. Yeah, I was gonna say from Leopold. That’s popped out, like, you know, it had a pullback, and then whatever ran up, I don’t see this as like, insanely bearish, you know, some people could see this as like a double top. But like, also, like, I mean, even here, when I said like reverse head and shoulders, like, the right head of that, the right shoulder requires a pullback, right?

1:11:07So it’s like, you know, boom, hopefully, right? And so I can see the drawing stays intact, like, there, there, there’s no invalidation here, we were expecting a pullback at some point.

1:11:17Yeah, so there’s that, like, I know, like a couple of traders probably, I know some guys went short today, probably using like stops from like a day or two ago, from the highs, to be able to put the trade on. But yeah, man, like, I don’t know, I think this is like, I’m not necessarily concerned at this point. And I just think that like, again, we’ve had a couple weeks at this point with no big AI news. And like, also, like, I mean, I think somebody was talking about how we need more memory, like, they were like, like, memory still the bottleneck. And like, Elon said, like 100, like, yes, like, I agree. And so it’s like, I don’t know, like the guys that are like boots on the ground are telling you what’s going on. And for some reason, people on Wall Street think they know better because like, oh, it’s been cyclical in the past. But the guys that are actually building this shit are telling you, like, no, we don’t have enough of this.

1:12:18You know what I mean? So it’s like, I don’t know. I still I still like, again, I’m still bullish. I still like I’m not changing my position, based on like any of the new incremental news that I see out there, right? It’s just like, to me, this is like a healthy pullback after like a good run up, right? Like even like if you were to do this, this line, right? Like, it’s just like, it’s still, it still can pull back a little bit and still be fine.

1:12:47Right.

1:12:50Well, so I’m obviously, like I said, watching for for good entry here, SpaceX now more on my radar, now that I’ve gotten the blessing from from you to bid.

1:13:03I’m curious, you know, in the rest of the market, what else has your attention? Anything else you’re looking at? Obviously, my bids over the last few days have been mostly crypto related. Lighter still seems to be one that I think with Robinhood, and then a lot of the CTFC, kind of like rumors of them getting approval and getting some of the blessing makes it such a just again, a very interesting trade compared to Hyperliquid.

1:13:36That I’ve added some more position there, but I am waiting for like a big bigger pullback towards like 215, 220 to buy in there.

1:13:49And I’m still like pump still, it seems like such an obvious trade. I’m not adding it. I’ve, I’ve, I think I’ve taken out a decent amount of that position. I’m not adding anymore right now.

1:14:01Just because it feels like I hate it. I hate when everybody’s like this is such an easy trade. This is the trade, go take the trade. Like when consensus is so so vocal on the timeline, I usually am like, all right, I’m willing to, I’m willing to miss out on this one.

1:14:17And just, just like there’s something about zigging when other people zag to in the market that I enjoy and I feel comfortable about. I don’t be like the lemming trade where it’s like, oh, the whole timeline’s like bullish on this. So I need to like continue being bullish about it.

1:14:34Yeah. I mean, listen, that pump trade was great. So, you know, Yeah, no, I crushed. No, don’t get me wrong. I crushed that. I think that is one of my best trades in a while, actually. I mean, I basically bottom ticket with 10X leverage all the way up to, I mean, I was out 26 to 27. So I got out a little early, but yeah, I was not complaining.

1:14:59Yeah, no, listen, I that there’s been like, you know, a couple things that I’ve been like looking at. And I think to me, the on-chain stuff, I feel like has really heated up in the last obviously couple of weeks.

1:15:14And that’s I think the most interesting thing about that is the fact that it’s been able to happen while Bitcoin is where it is. Right. And it’s like Bitcoin hasn’t been running. It’s been range balance slash week.

1:15:27And so the fact that these things are happening on-chain without Bitcoin running is, I think, hyper bullish.

1:15:36Yeah, no, no, for sure. But I also think we also need to understand that there’s a lack of because of that lack of like perps activity.

1:15:46And people are like, I need to make money somehow. Like just like you were like, hey, I had 18 months where I wasn’t making money.

1:15:52There are a lot of perps traders right now who are like, yeah, my bread and butter was Bitcoin, Ether, or Sol.

1:15:58And, you know, we’re barely seeing them move 1% a day or they’re, you know, it’s very unexpected.

1:16:04It’s just this ranging motion for each of them moving, you know, like, ETH has just moved like $100 range for like the last month hasn’t really done anything.

1:16:16It’s hard to, if you’re a perp trader, to like really, really crush it when that’s happening.

1:16:24Yeah, no, I agree. Like, I mean, listen, all traders need vol, right?

1:16:28That is a that is a disgusting chart there for July to August. Like it’s just flat.

1:16:34I mean, but like, look, this is like this. This looks to me, this looks very nice.

1:16:39Like, yeah, like if I were to get long ETH here, I would probably like use that low as my stop.

1:16:48This guy is ETH’s number one maxi here. FWA saving ETH, buying ETH, NFT.

1:16:53Who? Me? Yeah. I mean, this chart looks good. I mean, it does look good.

1:16:59It’s like this chart to me look better than Bitcoin.

1:17:03Bitcoin, Bitcoin gives me.

1:17:05Yeah, I think the each chart looks looks stronger than Bitcoin, in my opinion.

1:17:09Yeah.

1:17:11Like, I just think you probably like, you can get long ETH with like a little less risk.

1:17:17I don’t know. What’s TAL doing?

1:17:22I’d like for that. I’d like for that to bottom soon, please.

1:17:26Let’s see. Oil. Oil is taking back higher.

1:17:29Iran. Iran, no, nothing, nothing getting better there. Rates are higher.

1:17:35Prediction markets have had me thinking a lot. We have the Fed decision for September here starting to trend. It was really strong up at 75%. We’re seeing a little bit of a dip there to where if it were to continue, we’d be back towards 50, 50% on change or no change.

1:17:56Going into the next decision in September. And obviously, the whole Iran debacle continues.

1:18:07US blockade stuff. There’s no end in sight there at all. Just I think more military activity seems to be what Trump is threatening right now.

1:18:21Which. Yeah, I think like, I don’t know. I think so. I think with regards to the markets right now, it seems like NVIDIA, I think reports next week. So I think that that’s what people will be watching there. I think rates is something people are watching. The stuff is what I flagged last week. Is that if the yen dislocation continues to happen, then that’s going to start to affect markets. And I think rates are a little higher today. So that’s what’s affecting markets as well, as well as the entropic stuff. But yeah, I don’t know. I kind of think that all eyes are on the Fed at Jackson Hole. Hopefully, you know, something comes out of there, or I think people are thinking something, some sort of forward guidance will probably come out of there. And that will determine probably the direction of markets until the Fed comes out with their interest rate decision in September. So a lot of a lot of events that we need to pass through without any negativity here.

1:19:30I guess that that’s my view. Also, like, not for nothing, but we’re getting into the back half of August, which is generally like outside of maybe the week between Christmas and New Year’s is like the deadest two weeks in the market. Yeah. Again, everybody’s in Hamptons, EuroMaxing, wrapping up the final trips of the year.

1:19:52Yeah, but I’ll be here working. Gee, don’t you worry. I’m not going anywhere.

1:19:56I’m here working too, man. We got to find the next thing we got to Full Port, you know?

1:20:01Well, I mean, you, I’ve been bidding a lot of stuff. Kotrons has been the one that like blew up. We had seed phrase buying in. I’m buying that dip right now. What else?

1:20:17I flop or frong and uni swaps launchpad stuff on Robinhood have gotten out of but look, any anything that seems to have attention right now, and I think we’ll have attention come back into it. I’m buying and I like the innovation that the the kotrons it seems fun.

1:20:35It seems exciting. I also think whenever seed phrase is buying NFTs in bulk, it’s good signal.

1:20:43And then I still think when I look at Robinhood, Pons is a great trade because I think if we’re going to come back and they’re going to launch tokens again, and it’s going to take off.

1:20:53And just with FWA, I know there’s some weakness in today, but just as we heard, there is a very clear path to people wanting to come spin. And if you see this first NFT project that launches there, when just just as the human psychology has been for a lot of these projects who, you know, we saw we saw people go launch on abstract and because abstract was super hot. And then we saw, you know, now we’re seeing Robinhood Robinhood Chain super hot. So a lot of people are like, all right, I’ll launch my NFT project there. What what happens if if, you know, the fair launches on FWA go well, a lot of people are like, yeah, I mean, that makes sense. I want to be there. And this mechanic does part of the marketing for me, right? Like, the whole FWA community is going to be like, oh, new launch, new launch. Chainlink community is like, hey, we got another launch. There’s going to be a ton of transactions today. Like, it’s going to like you, I can hopefully take it off. I that’s why I look at that. I’m like, that’s that’s a bull case for me to finally like buy into the token here. I will forever regret not getting exposure down at like a four or five, six million dollar range that that I regret.

1:22:04I mean, I regret not buying more down there. I think I only bought like two or three down there.

1:22:09I wish I bought like. But you’re looking good. You’re up on that trade. You’re up 20 20th. So I’m up. I’m doing. Yeah, not that much. But yeah, I’m sorry. The yeah, I mean, even like last weekend, I was buying into the pullback over the weekend at like 20 mil, 21, 22 or something. It’s just like, I don’t know, man. I think that like, we’re just so early in that it’s just so cheap. You know, in the article I wrote yesterday, it’s like I the thing I like the most about gotcha is like, if you think again, if you think of all of this as casino games, mean coins or maybe like roulette, right, you can win big, but you can lose big very quick. I think the gotchas are, you know, it’s like the house edge is way smaller, right? So it’s like users don’t lose money as quickly, right? Why do people like playing blackjack? Because the house edge is the smallest, right? And so you sit there and you play that, you know, it is a little bit of game of skill, but the luck isn’t necessarily like stacked against you the way it is other games.

1:23:12And I think like it’s like the same thing with gotcha, right? If you lose, you know, 5%, you know, 10%, whatever you’re like still in the game, you still have most of your stack, but if you lose 100% of your stack overnight, because you went to you went to sleep that night.

1:23:27It’s tough, man. Because then you got to reload, you got to reload the card or whatever. So it’s like, I find it more interesting. Again, if you view it all as like a casino game, the like the ones where because like, again, right, like, why is pumpkin running, right?

1:23:44Because it’s like, all right, volume starting to come up, you can own the like pump is like you own the casino, right? You own the mean coin factory, right? So you get exposure to mean coins without having to trade mean coins. And to me, it’s like, the same thing where, why is it that people are excited around collector’s grip, right? You can own that token.

1:24:01It’s like the best on chain proxy that exists, right? Like, because courtyard, bigger company, right? Been around longer, but like, there’s no token and they don’t plan on doing a token. So there’s no like necessarily, there’s no excitement on crypto Twitter around it, because like, there’s no way to get exposure, right? Like, again, I think collector’s crypt is interesting. It’s just like, I personally think it’s a little too expensive. If you pull back, I’d be I’d be happily buying it. I just I can’t get there. And so I think FWA is really cheap, especially when you compare it to others. And again, but I think the whole gotcha mechanic gamified shopping is a huge vertical that I think is going to explode that I think crypto is kind of setting itself up for right? Because even like, I think we’re starting to see, it’s interesting path put out a tweet yesterday, around how you start, you know, he was a big Pokemon bull very early. Yeah, he said, starting to sell some of his collection into a lot of this strength. And, you know, one of the the tail risk that he highlighted is the fact that, you know, there’s we’re going to see an increase in fakes, because these things are so valuable. And that will

1:25:13like increase supply, especially if you can’t tell the difference between real one and a fake one is and like, not everybody will have that, you know, expertise and being able to do that.

1:25:23And that adds tail risk, right. And so one of the things that NFTs like, you know, like actually protect against and we know this is you have that provenance, right? Like, if I were to make a fake pudgy, you know, that that’s not the real pudgy, and it’s not worth as much, right? Because it’s all on chain. So I think things are lining up, you know, it could get it could get crazy here. And that’s my sole prediction and outlook is things get really crazy compared to what we see right now.

1:26:00Agreed. Agreed. I mean, I when that happens, I don’t know, probably back half of the year.

1:26:06Like, I don’t like, you know, I mean, but you know, I don’t I don’t think it happens like next 3045 days for sure. But I do think that if you were to look at kind of how things are setting up, it really only takes like one or two big like blockbuster launches or one, you know, one main one thing to go mainstream. And it’s like, all right, games back on, right? We’re running back from 21. I will say meme coin trading has certainly become more acceptable mainstream over the last couple weeks here, we’re seeing more people and I think it’s just the UGC content that Pumpfun and FOMO are pumping out right now. I wish people could understand the volume that it is at.

1:26:56It is insane. The amount of money that you’re spending is insane. But I think it’s good for the industry. On the flip side, though, is it is it good for the industry? Because like, okay, cool.

1:27:07They’re onboarding people. They’re losing 100% of their stack in very quickly, right? So it’s like, to me, it’s like, all right, great. You make some short term money, right? Because the reason why it’s working. And this is why my thesis around, you know, they did pump FOMO did a huge round, apparently, like a couple weeks, couple months ago, I’m sure what they did with the VCs is they’re like, look, this is the content, they probably ran this thing as a test, the UGC content, they’re like, this is our ROAS, right? This is how much we’re making this how much we’re spending this how much we’re making, and the numbers must have been incredible. And they’re like, okay, cool, we’re gonna run this at scale. The problem is, in my opinion, is that like, dude, if somebody deposits money and loses their entire stack quickly, like how like, what’s the LTV of that customer, right? Like, Well, the LTV zero at that point, right? Like, they’re, they’re gone.

1:28:02Yeah, like, yeah, they’re gone, right? And so it’s like, and this is why like, my thesis, like, this is why I think, like, last couple years, base didn’t necessarily list meme coins right away onto Coinbase. And I think probably maybe Robinhood probably does kind of the same thing is because they know, like, this is kind of what we saw with Binance, right? Whereas like, as soon as something gets listed on Binance, like everybody sells, right? Because you’re just waiting for that listing, and you’re waiting for that as liquidity. So if you’re in the business, if you’re in the business of you make money off commissions, you don’t want people to lose all of their money, very fast, you want them to trade a ton of money over a long time. You I mean, I know this, you want your customers to make money, right? In the best case scenario, they’re making money, or if they lose money, you want them to lose money very slowly, right? Like that, because they generate more commissions, if they lose money very quickly, they have no value to long term, right? And so this is my concern around people being like, you just look at who’s holding the token and buy it.

1:29:10But if in, you know, 90% of the cases, you’re buying into a token because other people are holding it, and they have the attention of selling on you, you’re you’re going to lose money.

1:29:21If you’re not early enough, you lose money. And then it becomes a quite literally a just how how early into a token can you get. And, you know, I think FOMO has to be looking at to an extent, they don’t let free bonded tokens be tradable. So every trader on FOMO is technically getting to tokens, you know, 50k after they launch. Is that that’s even kind of sending some people to the slaughter of like, I know there are launchers right now, we see it because we’re studying what’s happening on Chain. We’re like, hey, we’ll get a token bonded, keep it looking organic, we’ll run up to like 70k. And then that’s, that’s the they’re just dumping it because they’re like, hey, now, now the FOMO people are in that couldn’t see this token or trade this token before.

1:30:10Right? Yeah, I mean, I agree. I mean, listen, I know we didn’t talk about it. And I know we probably got a bounce in a minute or two. Like, this is what you know, Ansem announced his launchpad, I think yesterday, right? I think he’s a lockpad.

1:30:27Yeah, he launches up Ansem launchpad.

1:30:29Yeah. And so it’s like, you know, I read his article, I thought, you know, it was a curation platform. But like, and again, I think Trader Main responded to his article with genuine questions, I thought they were very good. Because I was kind of thinking the same thing of like, okay, this is a curated platform, but you can buy your way to the top. So there’s not necessarily curation, it’s like kind of like the same thing that deck screener is, it’s just that you’re paying the Ansem ecosystem instead of deck screener. And like, I’m interested to see how it plays out. He obviously has a lot of attention. Yeah, I’m just but like, to that point is like, to me, all it means is that like, if you’re like, well funded scammers, then like, you know, you could pay whatever the $100,000, like, it’s worth it to make to make that investment if you think you’re going to make more than that. Right? So it’s like, if you have the money, to like, let’s say get to game the and again, I don’t know enough about it. And I’m sure he’s thought about it.

1:31:33Right. So I would love to see how it plays out. But if I was like, a well funded scammer, I would pay whatever it is to get to the top of the leaderboard, have it run up. And then, you know, who knows off that hundred grand, you can make, I don’t know, a couple hundred grand, a couple million, like, we see people that are ragging for, I don’t know, at 100k market cap. So like, I, you know, there, there’s going to be incentivization to, to run these things up, and utilize Ansem and the community as like exit liquidity, right? Or I don’t, I don’t know, I’m not, I don’t, I don’t know how any of these things work. But like, for me, like the game theory of it is like, if I had the money, then like, even better, because I don’t need to do a hundred of these low cap ones, I can do like a couple of these large ones, because I have the money to do it, right? And so it’s going to be interesting to see how that plays out. But I think Trader Maine had a couple of good questions that I had as well. And I think Ansem responded to, to some of them. But like, I think, again, you have to see the game theory of how it plays out.

1:32:37So I think it’s interesting. But like, we will see, you know, I do think like, the concept behind it is interesting in the sense that yeah, like, I’m sure he gets, I get a ton of inbound, I’m sure he gets like 100x the inbound that I get, you know, so this is a good way to kind of, to kind of, what’s it called? Oh, my god, I’m throwing a blank on the name, but to like, get rid of a lot of like, grifters or whatever, okay, put money in, put money on the line, and then I’ll talk to you. Yeah. Right. So we’ll see. Like, it’ll be interesting, right? Like, you know, maybe his launchpad launches other launches. But it’s good. Like, it’s good. I know there are a lot of people saying like, all right, no more launchpads. This is stupid. But again, the trading platform wars are producing innovation and people trying and building shit. And that is good for the end user. Because, you know, we don’t have companies just being stagnant and like, all right, I’ll take your fees and, you know, 12 months of this and I can retire and I’ll never have to think about life again. I genuinely see every single platform, whether it is FOMO, Lute, Pump, Fun, bullpen, poolpen, axiom, like everybody is sitting here going, all right,

1:33:51what are we doing next? What are we doing next? We got to fight, we got to get volume, we got to we got to innovate, what do we, where do we see the market going? And again, like, I’m like in on the frontline of this watching it happen. I think things just keep getting better for the end user. And it’s more more exciting stuff to come for sure. For sure. All right, cool.

1:34:14G, another great show to everybody tuned in today. Thank you for joining. We love to see it. We’ll catch you on the next one. And yeah, we’ll, we have our next guest for Thursday actually selected.

1:34:27All right. We’ll announce that tomorrow. Yeah, for sure. Heavy hitter. Heavy. I mean, it’ll be a good combo. Yeah. All right, guys. Well, thank you for tuning in. We’ll catch you on the next one. And we’ll see you on Thursday. Peace.