Welcome, Rick. Radio. You. You there What? Episode 110. I thought I was taking a hosted man. You were hostile takeover in my intro I'll. Take over there. Yeah. Episode 110. I was coming in hot. I was coming in hot. Wow. How's. It going I'm at a job like OSF. We replaced OSF with Kook. It. Feels that way. Episode 110 is sick I got to say. Was it always once a week 110? Sponsored by E The best crypto casino, the only one you should be playing out. I agree. Actually.
Last time I was sort of like 40% effort shilling luck a little bit, but now luck is trashed. I don't know if you saw the probability issue. Like they can change it. Yeah, now I'll fought him. I don't care. I got rid of the badge. Coming at us. I don't even know why. Very bizarre behavior. We've stopped engaging just because every argument's been in bad faith so far so. I would ignore. What the people do whatever. Yeah, it's it's pretty much
slash ignore at this point. See that that weirdo trading acts manipose? Who the fuck knows what's going on there. Yeah, Andrew Tate. Everyone says that's Andrew Tate in. Yeah, it's definitely not Andrew Tate, bro. It's like some guy in his garage in the fucking bun in this. Yeah. We can see the kick chat. OK, awesome. I'm on the kick. Have you guys gone on the on the kick? It's quite cool. It's worth it's worth going on.
We we only we've kind of swapped producers today again back to our normal producers who are back on the restream. So we're not going to be able to see the chat on on on up on screen today, but we'll be we'll be there hanging out. So go go check us out on Kik. Go follow us as well. Obviously a lot of prizes are going to be tied to that, but yeah, yeep versus luck IO it feels like. Not even a thing though. I don't feels like we're not. We're not going to go there this week too.
Too much drama with with those guys. I don't even know. It's just bizarre. It's just, it's weird. But whatever they want to do. But it's good to have you back, Kook. Obviously, yes, thank you. Full week as a as kind of a Co host OSF is is apparently going to be coming through halfway halfway through the show. Wrecked radio with special guest OSF, who's leading wrecked wrecked drinks, who seems kind of funny. But yeah, he's he will be coming
through either way. We're going to continue the same to the format, which is more just like a conversational show. I think we're going to touch points upon a bunch of stuff. I think last week we'll just go back to what we were saying last week, which is just we said that, you know, war was always a buy. It did happen like over the weekend. Obviously it got it got bombed the main main plants in Iran and then quick ceasefire it seems like could extend into something a bit more serious now.
But I was taking a step back and thinking there's not much else right. Like I kind of feel like one thing that Trump did here was show that Russia and Ukraine that he's he's he kind of means business. Like there's a lot of oh, he, you know, he's all chat. If then he always backs out the last minute. This this wasn't all chat. And I think that's kind of useful for negotiating to show that you can go, you can go
there. But like in terms of like geopolitical flare ups, you've only really got China to invade Taiwan, which I don't think is going to happen this year at least. So then it's just kind of back to this. When's the Fed going to cut it? It feels as though in some ways is it is it now like a much better investing horizon here, even for crypto? Like it's not really much that's really going to derail you.
Now that was. Kind of the odds of a cut in September on Fed watch like shot up to 75% at some point like yesterday or today or something. I just checked today. But yeah, I think kind of a favorable macro environment. Like there's there can't be many surprises left, right? It seems like war, the war was a buy. Each new headline or like war type action got less of a reaction from the market. I'm heavily biased and I'm always a permeable like. But yeah, I think we're through
it and I think it was a buy. As we said last week, you'd be happy. Yeah, nothing ever happens. It's true though, nothing that does ever happen like for something that happened the last day. Wrong SO. But this feels like the this feels like the final nothing ever happens, right? Like it feels as though the the peace deal that could come from this could be a more wide-ranging peace deal now because it's on. Every. I think everything's on the table now, right?
I think I think there's a chance that if they do a Israel does a peace deal, it'll be for, you know, for, for everything. And then that's like oil will go even lower. I think it is set up for a September rate cut. I don't know if the market necessarily goes up if interest rates go down. I don't know if like that is
like a 100% correlation. Sometimes you get a little bit of wobble when you have like the we have interest rate cuts, but I just don't know what what's going to be that thing that nukes the market here. Just unseen, right? But it doesn't seem like anything this summer. It's up until the right summer. Bitcoin especially is just tied to the stock market. Stock market doesn't fucking go down. Obviously that means crypto's matured and all the the shitty. Well, not shitty.
The good speculation, like the fun times. When's that going to start again? That's really, really what people want to know. Like Bitcoin is just like up and to the right. It's forever. Grind up, grind higher. When is the fund going to come back? When we can invest in coins and take advantage of people who don't know what they're doing by buying and selling. It's in the stock market. It's pretty clear.
Like I think that that like I always pick up, you pick up on these narratives and you're not too sure if they're going to be a short term 1 or a medium term one. This whole like shift to trading stocks or like crypto related companies feels like that's what people are doing instead of altcoins right now. That's just. I mean, are they these guys? Do they even know how to log in to an account and fund it? Like and they have money in their bank account? I thought crypto people usually
don't have that. I mean, that's the same as altcoins. I just feel as though how, how many tweets have you seen about coin stock, Robin Hood stock, Circle stock and it's it's not the same people we've. Seen in our comments section on Crypto Twitter though. I think it is. I think a lot of it is I I feel as though that's really taking the shine away from Polk coins.
What do you think? I feel like it's in between like so I see a lot more of sort of like the bigger accounts or the whales or like more sophisticated like there's sort of an entry level requirement in dollars to be trading in the stock market and making money, right? Like they're not you're not getting a 50X. And so you've seen Anson and like different guys talk about hood and like, you know, I'm tweeting about circle a lot and these different things. Like I kind of I'm looking at
all markets all the time. But I do think, yeah, like KB Ms. right. Like, you know, when are we going to get the the new hyper speculative asset class that's totally weird on chain only. And like, a bunch of dummies are going to pump money into something stupid like, say, a cartoon in 2021 or like a meme coin last year. Stocks can't Like, yeah, the the frenzy seems to be there in stocks. Like, you know, Robin Hood's on fire. Like, there's a lot of money to
be made. And maybe the D Jens can play around with like, the options, like 0 days and stuff. But like, they'll all just get killed. I kind of do, you know, about, you know, taking advantage of people who don't know what the hell they're doing. Like I sell a lot of options on these stocks and it's been pretty good. Well, you sell, Yeah, I think
it's in between or you sell. Yeah, well, I haven't touched Coinbase. Like Coinbase last year I sold a ton of puts and then, you know, I'll take the stock and then I'll sell calls. And like right now on Circle I'm I'm long a bunch of shares, I'm short a bunch of calls at different strikes and I'm short a bunch of puts at different strikes because like the option premiums are insane Circle and so and I aped it like day one. I was tweeting about that.
That was like kind of, yeah, they had to watch me. Everybody on CT told me I was a fucking idiot, bro. Everyone's like, they don't make any money. They're not profitable. This is you're going to, you're going to go bro, blah, blah, blah. I'm like for a month leading up to the IPO, I'm almost at ICO. But like for a month leading up, I'm like, I'm thought blasting this thing day one. Like I don't care what price it is. Like my average like 81.
And I was like tweeting, I'm like, I've been thought blasting this for 1/2 an hour. And even the comments that they are like, you're a dumb kook. You're dumb, you're dumb. Week later they're like, how did you know? Is it isn't that so interesting that these guys will say that about that and then they'll buy like dog shit and dog 75 and be like this is going to a billion. It's like the disconnect. It's. Bizarre, but the movie. The movie is amazing. Looks like a meme point right?
Like that's why I kind of feel like. It's the same. Circle like it looks like a mean point. Well, and it now. Has that blow off top. Yeah, but right, it looks exactly like a mean point. It had this blow off top move and then it's kind of like it's headed back lower. It's so liquid, it's very thin, so that's kind. Of helps feels like the same group. So two things I want to mention here firstly was sharp link, which is the ETH one that's the only one I'm I'm kind of looking
at a little bit more here. That's the one that's down 90% from its high. I just get the feeling that if they get one long term line of capsule that might that might move up again. That one's had a a big move lower. The second thing I wanted to figure out is to put in the in the show chat. Like have you seen SPF? Like SPF what he would have been up on his Robin Hood buys. Have you seen this tweet? Oh my God, no. But I I've heard that what you've made $4.6 billion from from from hood.
This is after and flop it right? Anthropic would have been worth a few billion at this stage. He sui sui. I believe he had like a disturbing amount of the initial. Man, I feel sick for him. That's. Crazy it wasn't just the soul billions too though. Like he had a huge soul bag they liquidated or something. Too right? Yeah, it's called Cursor. Cursor AI, like every single dev in the world is now using cursor. SPS is that of his. Time Was he the best investor in
the world? This guy may have been one of the best investors of all time and he got taken down by trying to save his own fucking prop fund. Like this guy could be worth $100 billion with some of these investments. Or or STX. Altruism that could have happened. What do you think man? It's like is this just Did SPF just get fucked here on the timing like it is? I think he was there too early. Sometimes you're just too early. I think he got fucked, yeah. He was too early and too
aggressive. You know what I got to hope, though? He's a young guy, like he's in prison. He's coping. Like I can't imagine it. I'm sure he's been in that position before, but it's bigger this time. I want to see him come out and make a trillion. I would have messed in him honestly. He seems like he knows what he's doing. There was that guy back in the 80s, Milken, right, who did the high yield bond market. Do you remember that guy? What's his name is Michael Milken.
Is it Michael Milken? Yeah. Michael Milken who who went to prison and then came back and is now worth 1010 billion, right. Like went to prison for a while, but he was like a genius who like made yeah, made higher bonds and like first. I can't get the feeling that you're right. He he gets out of prison. This guy is he will be a billionaire.
There's just no doubt about it. Like these are crazy how good some of these investments are to get Purser, Robin Hood, Suey, Solana and Anthropic. I don't think you're going to get it better. Did he have any LS? Like what did? He go to prison and shit. Might have been the L. Yeah, I mean, I mean in the. Portfolio. Maybe Katherine? We had a kind of a Big L We lost everything. Yeah, I don't think he had that many. I mean, you could argue that that that like the Sam coins
were the L, right. Like he, he had a, he had a like a, an attraction to Griffs at the same time, which and that's what got him like the like the immoral stuff is really what caught up with him. But like his ability to see value in things is also just. Like insane. OK DJ and Tai. I'm just looking at the cake chat. His GF was kind of an L. No comment but. That made me laugh. That's what I said. I said Catherine was the L. Catherine was the LA few unrelated to investing LS.
Well, sort of. But do you think, let me just pitch this a little bit and we'll go there is the whole like, oh, we need to like evangelize the the guy created what what's the what's the website that everyone was like the the went to and he went to prison? What's his name again for Bitcoin Guy Ross? Ross, Aubrey. Like we evangelize Ross. Like, Oh my God, he did this, but like we need to get him out in prison. Do you think like we're just
early to the SPF movement here? Do you think there's going to be a group of? People there's a bit different, like 1 is perceived that he stole all the customer's money and fucked them and everyone. You know, early CT guys love drugs, so they're like, this is my guy. Yeah, but was it just drugs? Feels like there's some other stuff going on going on back there at the Silk Road, right? It was Silk Road. Sorry, I forgot the. Name it was that early CT nostalgia for Ross SPF.
Too late on that. But like SPF and Ross, like I like Ross like, you know, he's a legend, whatever. Like I think his, his prison ID card sold for like $11 million or some crazy number like the other week. But he was like, yeah, maybe I'm going to get like Smited for saying this and I'm not, it's just for, for discussion. But like, he wasn't really like an early crypto visionary. It's not like he had the Bitcoin thesis, right? Like he was running like a marketplace for illicit goods.
Chad, love it. Like, yeah, it's great, but great business as an investor. Like this, this other conversation about SPF, like as time goes on, you know, two years ago he was the guy that stole everyone's money and like blew up the biggest exchange and kind of fucked everyone. But now we're talking about how he was like maybe one of the best growth investors of all time. And he had a crystal ball, you know, what is that conversation
like in 10 years? Like he was, they're different, you know, like Ross was right place, right time, illicit marketplace happened to be a Bitcoin pioneer, but it was SPF. Like, you know what, Charlie Munger, Warren Buffett kind of guy who fucked the timing up. Yeah. Feels like that. I mean, it's tough to argue with it here because it's now looking like his portfolio would be worth at least in the 10s of billions and who knows in the
next 10 years. Like it, it, it, it could have been something insane, which means it, it feels more like a liquidity issue rather than a solvency issue. I think that was like the main thing. There's like this hole in the balance sheet before. And now it feels like that there wasn't necessarily a hole in the balance sheet. That was just a need for instant liquidity to fit to, because he got caught out by, you know, some of the moves around that. And obviously like finance had a
part to play in like doing that. And that kind of moves with hyper liquid recently make you feel as though, you know, they're not clean. Yeah, there was no doubt that like, there wasn't really a hole in this balance sheet. If if this if this had gone on for another 12 months or maybe even six months. He was just crazy out of the
timing. Of he was like doing weird, they had no compliance right, and he was like Co mingling customer deposits with like company assets and like, I don't know, their risk management seemed non existent. But yeah, if he if he could have kept it going for another like year, six months, whatever it. Is like and no, yeah, yes. That's a good question. So what do you think SPF would have bought in 2025? Hyper liquid? What's SPF? What's the SPF buying at this
stage? I think he would have Max aped the hyper liquid AirDrop at $4.00 when I was saying it wasn't. A bug, probably, right? They probably would have bought it all. Like that's funny. I think towards the end he was he was building a sports book as well though, right? I think he would have probably been early to some of these sports, sports betting firms, particularly in new West reaction markets and he would have probably gone into that
right. You've got to you've got to assume that Polymarket would would probably not be where it was today if. I was like, yeah, I was going to morph into that sort of thing, right? Felt that way. What do you think of this $1 billion market cap for Polymarket? Because I've heard anecdotally that they don't really make that much money. They actually lose a lot of money on because it's like a sports book, but they're like they take a lot of the risk. Essentially, why wouldn't they
if they call market making? No, they actually take they, they take a lot of positions. It's not just fully market. They directionally take positions though. Yeah, so like they I. Thought it was like maybe I just don't even know what's going. On no like they they provide some of the liquidity for the books so. Like they take the other side of some guy's bat.
Often, Yeah, yeah, yeah. So it's not just like a like if you look at the revenue, the revenue of that company, it's not, it's not just up and to the right, but but at the same time the equity value is insane. And if a bigger casino or gambling firm in the US were to buy them, like I think they would obviously be worth the time. Like you've got to assume that somebody like DraftKings is looking at this business and thinking, hey, we should.
I think it's beyond that like and I don't know, yeah, I'm probably under informed, but like that's never stopped me from having a strong opinion in the past. So the reason I would say like I would buy this at a billion valuation, I'd probably buy as much as they let me.
And the reason is because of the Twitter relationship and the Twitter integration, like which I think if they're going to go into gambling and investing or not, sorry, not gambling, but Twitter's going to have some kind of trading and investing like layer. And they seem to have started that with Polymarket. Like if you're able to take bats on events and news and political stuff and like, you know, bet directly through Twitter on Polymarket, it's worth way more
than a billion. Like Twitter has a billion users or something? That's a good point. I do think the value of Twitter, I mean we've seen already this week that they're going to get into payments. It does feel like this everything app has a shot at least, but an integration with Polymarket feels feels good. What what has really impressed me is that I thought it would die, not die, but like the volumes would really drop off
after the election. And even this week was like what happened with like Iran and stuff. Like it's crazy that like they they have done a very good job at maintaining just interest in stuff to bet in every single week. Like it's not just a, a, another way to do sports betting, right? It's, it's actually like it's become a bit more than that. It's, it's become like this, this way to bet on the news a little bit.
Like if I go on there right now, you have the, the New York City mayor elections, you have the Fed decision and you know, a decent volume going through like $60 million just on the, on the Fed decision for July. There's probably real money to be made on this. Have, have you, have you looked at this at all like, as like a way to make money? Do you think you could probably make more money on this?
And sometimes in the trenches, like it feels as though there's some OK things you can do. It's. Hard for me to bet on political stuff. Like I like it and I love to watch the markets, but like I'm not yeah, it's not my preferred bet, but I think the way I look at Polymark is like if you wanted to express like an opinion on something through a bet and like they've got everything like you could go Google like or like you can search Polymarket for anything current events, political like
and sports like. The biggest bets I've put on Polymarket have been on Anthem and big boys fight because they it wasn't on any of the crypto sports books or like any of the usual sites and like right, yeah and so, but everything's always on polymarket and I actually hated to go use it because I don't like using Polygon at all. But I guess you can use main net, but I was always using it. I'm probably going.
So yeah, I don't know. I think that their thing is just like coverage over everything, which I guess to your point, like if they're taking the other side of the bets half the time or sometimes they're not as profitable as they or you might think. Yeah, I don't know. I'm not a big like probabilities better guy. I used to do this a little bit like when, well, maybe it was 10 years ago and then I just stopped because I got bored with it. But I do think there's like
almost a selling options bit. There's similarities to this to selling options in my opinion, Because what I tend to find is there are a lot of things that are priced probably higher than they're actually going to happen. And yet they attract people to bet that they're going to happen because everyone's like, oh, it's a 50X if it if it actually happens. Do you know what I mean? And I think most people are attracted to the upside of these
trades. So like the idea of a let's say A50 bit decrease in in July from the Fed, right? That's a, that's a 2% odds right now on point market. I think the financial markets would put that at a 0% odds, right? Like they would put that like much lower than 2%. But because there's a way to bet on that and it attracts people to do the 50X trade people, people there's, it naturally trades almost higher than it is. So I think there is almost like a way to sell options here.
Do you know what I mean? Like you're selling. That's a good point. But but yeah, like. And there was one the other day where someone put a bet on it. You know, I think, I think when Jerome Powell came out and he always says good afternoon, right? He always says that. And yet, like, it was like this crazy thing that the guy put on the bet. But I actually think that's where the alpha is.
I think people look at the 50th to think, oh, that's the bet I'm going to put on. I think the alpha is doing the opposite bet, but just in quite big size basically. Yeah, that's interesting. I'm thinking the opposite of what you said. You think that that is now that we had this conversation, like so I always notice on Polymarket that stuff that has like a 1% chance on Polymarket, but it might be like a conversation topic. Degen's just chased the 50X like you said, right.
So like I'm trying to think of a good example, but the the mayoral, mayoral candidate for New York or whatever. I think you might have just won or whatever, the socialist guy, socialist Muslim New York mayor, not to, not to talk about that too much here, but his Poly market odds were like 1% at some point. And if you were like, hey, I bet this will get a lot of conversation, just the like the election itself. And this guy's at 1%.
I'm going to buy some tokens and like it'll go up to 20 or something when the news is talking about it all day and you sell it before the election, right? Like don't wait for the outcome but look at the spike man. Look at look at this now. Actually, this is a lot. This is a really good idea. Go down, go down. Right now they still have 22% that Eric Adams is going to win this, like 3% that Andrew Cuomo's Cuomo just conceded the race. Do you know what I'm trying to
say here? It's like, why is that 3%? Off there can't be any. Liquidity there like. What this can be right? Well, there is. There is liquidity. That's the point. So you're saying the race is over? But what I'm trying to say is that like, I actually think the trade here is to is to go after the things that people bet on because there's a bet on and they like the idea that it's like a 50X and it's just the race is fucking over.
Like, and maybe you don't bet like all your money with it, but if you want a consistent way to make money, I actually think that's the trade. And that sounds really boring. But like, I just think people don't, they'll always say there's a 1% chance of anything. They'll always say it's a 1 to 2% chance of anything. And actually, sometimes the odds are way lower than that. They're like way, way lower than that. I don't know, something seems weird there. There can't be that big of an
inefficiency, right? I don't think people see it as an inefficiency though. I think there's just a natural demand always to tail events in the world because people like to. People just like to always bet on that. People like a binary lottery ticket. Right, exactly so there'll be.
Some money in there, yeah. They'll always keep money in there because they'll always be like, OK, this is that's just gambling, you know, because they'll be like, oh, I don't mind it was a 50XI lost money on it. Who cares? But actually there's like a consistent way to make money. I think by taking the other side of it and being like people, people are not valuing these or are doing these probabilities right. That's if I was to go on to Poly market, that's how I'd try and
make money. But but yeah, that's that's one way to make money. I think in this market, I do think that you can make make more money than that. I think there's it's not a bad way to like consider stuff. Yeah. The other thing. So in the trenches as we went live, you, you were talking about this SpaceX con. Do you really want to talk about that a little bit? Like I've only seen it on my timeline, but it's suddenly gone a bit more like this week.
The stuff that I've seen is house, house, chill house, which I'm kind of laughing quite a lot. I also laugh at chill house. I don't have a bag but. Yeah, it's funny. I, I enjoy it. I've seen a little bit of this useless coin, which I I don't. Damn. At 1:40. Yeah. And then now there's this SpaceX stuff. What? What? Take a start. OK, I'll talk about SpaceX for a SEC. So I just so the first thing, I love Elon Musk. I used to hate him about a decade ago, but now I'm a big
fanboy. And so I got a ton of Tesla stock just because it's the only way to get Elon exposure. And I would, you know, if, if and when SpaceX exposure is available in whatever form, I'll, I'll get some. And so probably 10 minutes before the show, I started to see these tweets from like, you know, most of the big Solana KOLS and like, Mert, like, you know, it's got a close relationship with Tolley's, a big, like, presence on Solana.
And they're all tweeting about how I forget the company's name. Man, let me go to my tweet. What is the Protocol Republic? OK. So the Republic is going to have this R SpaceX token on Solana and everybody's tweeting you will be able to buy private equity exposure to SpaceX with this token, which is sick. And I should say before I like say the rest of it, I'll probably buy this thing, right? Because like perception is reality.
And half the time in crypto, the thing you're buying isn't actually what you think it is. So I'll probably buy this thing. I'm sure it's a good way to make money, but it is not SpaceX equity. And the token has nothing to do with SpaceX. It's not linked to SpaceX. People, like, think that. People think that. Bro, all the KOL's are tweeting that they're dumb as hell. So what it is, is it it is a derivative instrument that aims to mirror the performance of SpaceX equity.
Now the issue I have with that, but I'll tell you what I think is going to happen. How? What? That's what I mean like there's no, there's no like there's no information, right? Like how how often do they mark to market a private like equity? Well, this is just. Not possible for so many. It's not possible. Let's go along. So what'll happen, will it? It'll look like when they fractionalized crypto punks on Bitcoin, like they like bridged
and burned a crypto punk. And then there was all these like little tokens anyway. So the sum of the tokens ended up being worth 10 times what a crypto punk was worth. And like HGAHGE did the same thing on Seoul. You know what I mean? Because like they'll, they'll put this token on Solana. There's no reference price. Like there's no some stale price for SpaceX private equity from whatever two months ago or whatever it is, wherever they get to pricing and they can guess at it, whatever.
But the free market on Solana will bid this thing to the sky and it'll be like, I just don't know. Like if, if it's a derivative and they're going to say it's going to mirror the performance of SpaceX then. I mean, it's just. Sounds like What does that mean? Yeah, it's weird, but you're going to see it all over the timeline. Like all these all these Kols talking about how yeah, you can buy SpaceX on Solana and stuff, so. That's going to go so much high.
That is going to go so much high. KBM don't don't make purpose like I'm. Buying it. I'm buying it for sure now. Is it live? Is it live right now? No, no, it's not. It's not live well, I better. I thought it was. Right now looking for it. I'm buying it too, bro. I'm going to buy it, but it's like, yeah, you'll be, yeah, it's it's going to be. What else do? Worth way more than or sorry, it's going to be like have a massive premium, right?
Like master has a 2X premium to Bitcoin and this thing will probably have 1000 X premium to SpaceX. When's it coming out? I actually don't know. I got to see all I did. I saw three tweets and I just wrote my own like FUD. Tweets you never let us know to because I'll. Fucking oh, you're doing a you're doing a FUD Tweet to make sure you get get a good entry. No. I I was more doing a tweet like I already did it, but I bang on tweets in eight seconds, bro.
But no, just to kind of explain to people like, hey, this is what they say it is and this is what it actually is. I'll probably get Fudded for it. They'll be like, you're just spotting Solana because you're like hyper liquid there. So I'm just objective on every chain. Guys. I'm going to ask Brock when is the token coming out? I'm I'm still scared of Solana
coins ahead of punk fun. Like I feel like when that thing gets launched, which could be any any day really, or it's going to be in the next two or three weeks, like all of the Solana coins are just going to dump really long their token. Sale, Yeah, they moved it to July, like yeah, mid mid-july I think. Feels like I don't know, It's tough to it's tough to maybe this this one will be fine.
But like I do think the Solana mean point market gets a bad hit in the back of that or maybe it's already happening like they're they're down quite a lot I guess. I think it's been yeah, I don't even really trade Solana memes anymore man. I just like I said the same thing that you got to pick if you want meme exposure just by far coin or Pangu like I don't you got to pick the multi cycle coins and then gambling in the trenches is a whole different
game. I still kind of do that because it's fun, but the size is small and like I'm expecting to get rugged. It feels like there's like one coin every couple weeks at the moment rather than once a day it and even then. So what is this useless point? Like what? I already get the feeling it's a it's a scam but like what? Tell me why. I'll tell you about it. OK. Well, again, I'm like, yeah, if you made money on useless coin, you like useless coin, That's cool.
I want to see everybody win. I'm not here to fuck this thing. I don't have a bag. But yeah, as like a, you know, a crypto market participant and like, I like memes. And I think that I'm I'm AI have a good eye for memes. And so the first thing is it's a bonk coin, right, like bonks launchpad. And so they launched their launchpad 8-8 months too late. Like they got soul port Tom. He just doesn't really seem to get it.
They're they currently have a hackathon encouraging teams to like tag certain market cap targets and they win 200 grand. Like they're literally running a contest for scammers. And so they've tried to like and they always use pow and like these wash like meme coin scammer guys to it's just they're trying to cabal up a runner right Tom tweeted every single day when's the 1st bonk 100 million runner blah blah
blah. And they tried it with give and then they tried it with posts it Co and like all these just tired derivative copy paste ideas like they haven't had a single original meme. Useless isn't original either. USDUC is way better. There's other coins that are way better that had the narrative first. But yeah, it's a bonk cabal attempt to manufacture a major runner. There's almost no organic holders and they just kind of push the value up.
And they got the same five guys tweeting about it that they had tweet about all their cabal attempts. Yeah, it's a, it's a hollow cabal crypto scam. We've seen many of these. But if you're in it early and you wrote it up, GG, like make money. But this? Thing is not the future. If you ask me. Yeah, like someone tried to explain it to me today. I was like, oh, you know, because it's like useless. It's like it's like a far coin
driven. I was like, I've seen so many attempts at being like, oh, we're going to create a coin, which is so hilarious that it's like it can be worth value. Just calling it useless doesn't seem like it's really catching on. I don't know, like I felt I felt like buck coin had a much better chance than useless. Like it's, it's not. It's not funny enough just to call a. Coin no. And it's also like I call a lot of these things far coin derivatives because it's like the derivative is like the
spirit of the coin, right? And like this idea that it's like overtly hilarious, like her look, it's useless. There's no point to it. Ha, ha, ha. Like, come on, guys, we've been making this joke for a year. Like there's already been tons of coins. There's better ones to buy. Yeah, Like it's so it's all tired to me, you know, And like that's a bit of mid curving because when I knew that they were going to ball it, I could have just bought it and made some money.
But like, but I want a 5X on this dumb coin. I already traded 20 things that are the same. Like there's just way more interesting stuff happening. So yeah, I don't like it. I want to see originality out of these bunk guys. Like I, I tweet about this a lot. They probably hate me. But like guys, just get it together. Like you got infinite resources. You got the money to run this thing to 100 million or 200 million, whatever it is.
Go pay some 15 year old autistic D Gen. to make you a cool coin. I agree. I actually agree those guys have more money than God. Like talk about making a casino makes you money. Making a trading bot over the last two years is ungodly money. It's just fucking ungodly amounts of money spinning up hundreds of millions on on just quite repeatable tech it feels like. Yeah, it's crazy. Photon wasn't even paying for
distribution. Like if you were on a Photon ref link as a KOL and like, I don't know how they had so many people shilling. You don't even get a share of their fees at all. You just got points for their fake AirDrop that like never came and is never coming. It's just wild. And they were making like 3-4 million a day when like, things were crazy on fees. And it's yeah. Very, that's a good point you make like bullets never did a a token right And everyone was
like, oh, bullets token coming. What they going do bro? I'm like, I have a lot of points there. I don't think so man. Like I and I'm a bull X, I'm on an. Exclusive build, brother. I need a open T token. I need all this stuff. When What was the last one you cooked on Blasts? I didn't even know we Co invested in blasts I think. Giving us our coins. Wait, do we do this? Fucking I think it's tge dude so I don't know it's. Been tge but was there an unlock?
Like do we sit on coins? I don't even realize. I don't know, I feel like we should probably find out about that one. It's it's that's a. Good call, I'm glad you brought it up, but the best one I've ever done was Blur. That was good. Rather, that one still trades at $200 million. I was looking today like as a coin, like it's the current market cap is higher than Magic Eden. And I was like, that's crazy. But blast still is 30% of the NFT market, 30 to 40%. That is insane, right?
Like I, I had no idea that they, that I, I went onto their Twitter and the last thing they tweeted was like 4 months ago Blast and the last thing they tweeted was like, hey, we're actually building something else. It was like, oh, OK, bring up, bring up the Blast X account. It's so they last tweeted in May. We've decided not to re the newer service agreement was safe and then blast mobile. Yeah.
Well, they are. Blasting off whatever happened that chick that made her all identity blast she. She gave us the hyper liquid top. Yeah, brother, she she pivots it to what's her. Identity now look IL probably or what is it? No, it's hyper liquid, bro. She tweeted a, she tweeted A and she's cool. Like I met her. She's nice, but like, man, she at the the literal pico top top tick hyper liquid. Like she tweeted this, this photo of her in a bathtub with like, Oh yeah, it was accurate.
Soap. Covering her. Yeah, bro, dude, that. Was the Oh man, it's not going to be the top for long. Let's let us pray. But man, too perfect. I don't know. That was a pretty good run. I mean, like, I mean, yeah, I don't know. That was a pretty good run in the Hyper Liquid coin. I'm I'm buying, I've been buying hyper liquid in this period. I've actually been putting on.
This is why I mentioned I, I mentioned that we should try create our own hyper liquid bulk because I've been doing, I've been doing this myself a little bit. Oh. Wow, what happened? What happened? No, she's got a different account. It's like DJ Jen or something. Maybe this is her old one I remember. Yeah, you were thinking about doing a vault, Amanda, right?
Yeah, because I was like I'm doing this now like I've gone long hype Bitcoin EE and what else did I get along SPX she went along and Ave. And I'm sure a bunch of dog trash, like absolute trash. But mainly it's it's Bitcoin and hype and a little bit of ease. But I. I think a vault is so cool. We should create a vault and then just that this might be quite fun each week to see how it's done because I think it'll all be public. I can run it. I can run it, you guys can.
I can have my own little hyper liquid fund that you guys can all invest in hedge fund. Yeah, I'll invest in it. I love it. Like I I love the idea of a wreck Radiovault and like I love the concept of the vaults in general. It'll take a long time for this to get like the traction that I hope it eventually gets. I'm like full bulb hyper like, you know, it house all financial markets on hyper liquid eventually be like 10 years like
who knows? All all have taken a lot of profit before they get to the dream. But like, you know, I spent, I worked in banking for a long time, like I worked in asset management, like traditional hedge hedge funds 2 and 20, like 99.9% of potential investors are like screened out because they're not accredited. Like I want to see a 15 year old D Gen. in a hoodie, complete a non a massive billion AUM on hyper liquid in a vault and outperform Wall Street. Like, I just want to see, yeah,
I love the concept. Maybe, maybe that's what we should do 'cause we took we spoke about creating a Bitcoin treasury company. Pump just raised a billion dollars for his maybe this is our play to to cash in on the ever growing value of wrecked radio and OSF really did it was it was a good showing from him again turn up halfway through. Yeah, you lied to us again. I mean like Bros is not to be fired. Does he does he get any equity
in in the hyper liquid vault? I feel like, I feel like he's. Putting as much equity as I got in wrecked in the hyper liquid vault. 0 You got, you got, you got some free drinks three months too late. UN fucking believable. Should we start running the lamb chop stuff or what are we thinking? Now, no, I think, well, maybe we do it in 5 minutes, 5 minutes. Yeah, whenever. Let's keep running it then. Hyper Liquid Vault.
Yeah, yeah. I think I'm trying to think what else we can like we're making money on this week. I guess some of these dead chains rallied like that coin that that save thing went up like fucking 2X. That was like a big. Move. That was crazy. Yeah, I was surprised. About that, I think that's just because everyone was short it rather than like it was necessarily that much value. There's some talk about Jump crypto coming back into crypto.
I don't know if you guys have seen this and that this is a Jump crypto coin and they're they're doing the same thing with Aptos and a few other ones. So like maybe pay attention to what Jump it. It feels like they're going to do a DWF crime season here on on their return back into crypto. So like people are well jump, you know, the market maker, they've come back. Into crypto. That's this coin, obviously. This is a jump crypto coin
apparently. So there's there's an idea that they're going to like any piece of like rough news about one of their coins you're going to see like DWF style candles. You know, there was that period for a while where it was like, oh, it's a DWF coin. Like we could get a period here where you're going to see it's a jump crypto coin.
So people are like following their portfolio a little bit more and be wary of like shorting anything that goes up like 100%, which which they're involved in because they're probably the ones they're probably the ones pushing it. Other than that, yeah, Hyperliquid was had kind of a nothing weak. Feels like Bitcoin is the only thing that like you can just bet every week it's going to go higher. Ethan Sol kind of a bit a bit of nothing. The trenches.
Trenches didn't really make that much money. It's been yeah, definitely quite a week. Maybe it is just, maybe it is just on chain gambling that we we have to make money on. Yeah, I mean, there's not. What do you guys trade for fun or gamble or like, you know, I used to, I used to be just like trenching and flipping meme coins and like doing that week to week, day-to-day. And it was the IT was the high volume sector where it was pretty easy to make money and it was extremely active.
And now for months it's like I don't make a lot of trades and I've probably, well, not probably in the last three weeks I've made more trad FI trades than I have in crypto. And I've just been kind of holding Bitcoin DCA hyper liquid. Like I'm so on chain, I'm not really doing anything interesting.
Are you guys? For the last two months I've I've done a few different things, right, like I've done, I've had some big positions on a big position ETH we received relatively well and then I moved to this like right, I'm going to actually do like a long short portfolio here. The actual thing that's made easily the most money for me is is like algo, like algo AI trading box which I put quite a lot of money in a couple months ago. Has it been? Working. Brother like the best ROI possible.
That one of my buddies tells me you fucking tipped me off on that like a year ago. Are you investing in the bots or you're giving the bot money and AI is trading for you? What? So, so I've been, there's a platform I use which is called 3 commas, which is relatively well known in crypto, but there's another of other ones. I checked out a few of them, I forget the name of some of them, but like just do some research yourself into different firms who kind of do this a little bit.
And some of them are quite basic. They're like grid bots where like they'll just buy and sell for you and they trade in the volatility. And obviously we've gone sideways for a little bit here. So like it's been relatively good, but I put on AI trading bots in like Bitcoin, ETH, Pepe and what was the other one?
No, I think it was those three and like decent sized and easily I've made easily the most money on that stuff than I have on anything else and barely, barely any ever draw down like anything significant. That's cool, I got to look into that. Yeah, it's because then you just also, what I tend to find is I make the worst decisions when I just have money in stables or money just in something which I don't consider to be like high risk.
So like this just locks it up because it's kind of annoying to put it on and but once it's on, you just don't really think about it. And it's just like running in the background. It's almost like a it's like an S&P portfolio. Do you know what I mean? Like it's just there. And no, I know what you mean. And I know what you mean about like making bad decisions. Like not bad decisions, but sometimes I'm like idle hands, I'm bored and I'll like find a trade.
Like, you know, OK, I got to look into that. And you, you get too big in it. And then you're like, oh, you know, this was actually a bad idea. Like I should have done that. And, and for me putting money in this, I've I've you know, I've put mid 7 figures in this stuff now and done way better than me doing some of the other stuff I've been doing and way less stress. I just don't even think about it.
It's just, it's just there. Let's check so the the best firms I've seen for it, because you can do this in stocks too a little bit right now. Like I do think the the depth the democratization of algo trading for retail with now all these new AI models is here, right?
Like what what used to be given to like 3 Sigma or like these these like incredible AI trading firm hedge funds of the past, like you're going to be able to do with these chat, chat with these like ChatGPT and some of these AI models in seconds now. And you can now do it with stocks as well as crypto. I think like there's there's another one which I saw a crypto AI trading box. Let me see if I can find the one that I was looking at, which looked interesting.
Intellectia, intellectia AII looked at this for a long time. This is like built into the stock market as well. But like I do, I think a lot of this stuff is going to become very popular. And it's not, it's not, it's not the shitty algo that used to be sold 1015 years ago. Like they're pretty complex now and they they probably replicate some of the, some of the kind of advanced ones the hedge funds were running for for a while. So like, I think there's some
bad news that's. Cool. So like 3 commas dot IO is just the one and they like they run your exchange account. Yeah, you just you, you have an API into your Binance account and your futures account and it just trades it for you basically. Sick. How long until it's like robots fighting robots and it's just about your edge is now finding the newest, best robot I know they're not robots. I just call them robots I. Think it's kind of there.
Like you, you add the nuance of, hey, these are the things I think you're going to do well versus not. So like if you are, for example, that guy who did the hyper liquid bolt, if you're like I'm bullish on hyping Bitcoin and maybe a couple other things, you could run a long box on those things. And if you're short on all the high FTV scam coins, you could run short bots on the other
things. And actually, you'll probably trade you'll, you'll make like extra 5060% return here just just on the trading because it trades volatility in that stuff as well, right? Like it keeps a position, but but trades the volatility, which in crypto is like is a feature. It'll, it's just always going to be so like having something that you can just leave and you know, it's trading for you. I found it really helpful for me just as a trader like to like be able to switch off a bit more. Nice.
Yeah, that's super interesting. We should looking at or I should. Let's get on to the lamb chop, fellas. Yeah, let's do lamb chop. Yeah, let's go. What do we got? Let's go roll the names. So let's get these names out. Luck. I have 70% RTP by the way. Yeah, those, those figures are wild at. Least at 94. But anyway, here we go. Lucio L. Oh. Wow nice, I like the taste. If this one starts with AG, it's rigged, yeah. Let's. Go. All right, all right, let's fucking run it. I'm.
So we're all running it. We're all running it again. Each one we run it for. Yeah, yeah, yeah. Use whoever. So who was first last time? You were first last time. Should you undo Geo Joel? Yeah, Cook goes first, last. Cook goes first. Oh yeah, I went last last time. Who am I? So what do we do, $1000 a thousand? We've got 500 in the bank, so like they've got some money. In. The bank. Now it's just to play for 1000. All right.
You played it conservative and got killed last time if you were watching. Let's let's see what he does this time. Here we go. OK, well, I'm going to be like, yeah, I got to assume that this is meaningful money to the guy, and so I want to help him out. He's got. 500 bucks for just. Six, we got 500. OK, we'll see how I'm feeling. OK, go go for the first one. Nice frog diet. Oh, oh God. Yeah, kick him. That's a good sign. Oh my gosh. One that was crazy. OK, go again. OK, go again.
So he's got one. No, no that. Was the same. 3 One day I'm going to hit the casino, all right. I'm lucky in this thing. All right, let's go. I'm going to play a little bit more risky, so let's go, go. I'm at least getting to the tree all right, so keep going. Oh my God. My goodness. Right. Day Who am I playing for? We got to play this one, say. Smart D Gen. I believe. Smart D Gen. Oh my God, but I got killed on the first one. I was going to be so tilted.
It's not that difficult to reach them. All right, play. That's that's I'm a winner for KBM. No. Are you kidding? Me. Oh, he was going I. Thought he was going to win it all. Personally, I don't know. They all won 500 bucks. Should we do one more and split between them if we were if see see how far we go. Yeah, how are we going to decide when the we'll? Split between them. Let's split between them equal. But I just like clicking the button like I'm trying to go all
the fucking. Way do it like I'm trying to get a do a split one till like the let's. Split the train tracks. Let's split this one. Let's see if we can try and get the train tracks. We'll try and get to the train tracks or nothing. OK chat, OK. Oh my God, we're getting. Man, it's not. The wolf is hungry today. All right, one more, I'll just. Click it one more, one more. Take us to the fucking train tracks. Come on, come on. Here we go, fellas. There you go, it's going to happen.
I'm going to click it. This is for splitting it. We get it, you. Want to keep going or no? I mean obviously I want to keep going but like I have like. No, let's let let let this is a win for everyone. We we gave out some money in the check it. Feels like it's going to stop at 7200. Well, if you, if you do, I, I don't want to. Yeah, if you do one more, they all get 1000 right? Oh wow, that's just. Saying one more, one more. Yeah, I would. Quit now, Cash.
Cash, cash, cash. They will get 1000. They will get 1500. That's a nice Oh my. Goodness, Oh my God, I'm a loser. Sorry, but no, it's still a big win boys to the listen to the Smart D gun and BODO and Dow. Oh my God. Just. Give them all 1000 each though and plus the 500 they all won 1500 today. Oh, won 1500. You guys all won 1500? Oh my. God, bro, I'm like, I'm. I need to log off. I'm addicted to playing this, so we got to get out of this account. Yeah. All right.
Great show today. Great show. Yeah, I enjoy these shows. This has got a good energy to it and we get involved. I love it. Hopefully OSF doesn't ruin the vibe next week. Let's see. I'm worried so if he's ever coming. If he's ever coming. If. He's even coming. He probably. Is a fucking call. All right, guys. Well, this was episode. What was it, 110? Remember, we give up prizes to everyone who follows us on Kik. So if you're watching or listening to the show, go go check us out on Kik.
Follow us. We're under D Jens live on Kik and we give out. We give out, you know, ideally around 5 grand of prizes every single week. So let's see how. Let's see how that does.