Oh yo-yo, what up? What up? Good morning. Good morning. GMG Tuesday February 6th 2024444. Whole lot of fours out there. Look at that. Another beautiful day to have a beautiful day. I got my Co host in the house. OSF How you feel today? Yeah, I'm good. I'm good, actually. I'm. I feel a bit hungover, but I'm good. Wait, what? Did you do last night? You went out on Monday? Yeah, I went for dinner with KBM K Yeah.
He was in London. Yeah, he's just visiting with his wife for a day or so, I think. Oh, nice. Nice. Nice. Nice. OK. Where'd you guys go? We went for an Indian. Went for Indian. Which one? Yeah. Banaras. Was that good? Yeah, it was good. Yeah, what'd you have? Everything, really. What about human food? Oh my God dude. I want to go to Indian food so bad. There is actually by the hotel we're all staying at in Paris OV we'll go together.
There is a bomb Indian like bonkers like nuts, bananas. So they make a fire tikka masala bro. It's it's crazy. Locks went last time we were there in June. We should go. We should have single. I I have to say, I did not recognize you in the studio today. So last time you came up with your beards completely shaved. I could not recognize you. Now you got the glasses going on. What? What's happening so overnight you're you lost sight.
I don't. Really wear glasses that much, But I do. I used to wear glasses when I used to work on the trading floor because you have to read lots of small numbers and stuff. But then after I left that job, I realized my the hurt in my eyes was more to do with the fact that I wasn't sleeping enough. And when I started sleeping more, I just didn't need really new glasses. But because I feel a bit
hungover, my eyes just hurt. Looking at the screen, I guess there's like blue blue light reflectors or whatever, so it just feels nicer to wear them right now and. I just love this, you know? Yeah, I I I just love this. Yeah. I'm hungover. Fuck. I don't have Mando today. So you're going to have to do a lot of talking with me.
It's just you and I, I I cancelled Benny because since we have Ledger coming on, the CTO of Ledger's coming on the show just to answer a couple questions that we have. And then we're doing loot boxes, so it's very light. I canceled Benny because I wanted to have a proper conversation about art and the state-of-the-art and NFTS in the space. I pushed that to tomorrow since Manuel's not there. You're a big artist, you're big
time, big time collector. I wanted us to have an engaging conversation about the state-of-the-art in Web 3, so I pushed it. So today we're going to need you to do a lot of the talking. I'm sorry that you hungover, but I know I would have. I would have caught some reinforcements on the radio side. But anyways, as usual ladies and gentlemen, we are live on video so you can catch us on the X broadcast, which I'm going to post in a minute, but it is live on the rock radio, YouTube and
and everything as usual. We're going to be giving away another $1000. Another day, another dollar. I'll mind you, another thousands of those dollars. So all you have to do is bottom right, purple box, follow for more hour follow robicom, ROLLBITCOM and then drop AGM. You don't have to, but like you know my emotions and I like my GMs a lot. I am the GM of GMs after all. So make sure you put that in just a little cheeky retweet. As usual, the tweet is in my Twitter.
It's the purple box in the space and you have to be online though. You have to be live to win if you're not live. Yesterday the guy almost slipped. He pulled up at the last second. So we have a new rule. We're going to start a 62nd timer from here forward when you win and you have to pull up. If you don't pull up, then we go to next person for the reason that we also all have work like OV myself, Yuvi Mando, right after this we we jump into meetings.
Yeah, we do more than just host Twitter spaces and a live show. So you know, just to go faster, we're going to do that. So to make sure you have 1000, but today it's special because last Friday we we opened four $5000 loot boxes just to celebrate. So today we're going to rip two and Friday 2, so two and two. So today you're going to have
the chance to win more. I set up the loot boxes before coming on here, so we're going to be giving away, you know probably another 10K plus on the show today hopefully if God willing, God willing. But anyways, Anyways, Anyways, today on the show, today today market report. As usual Solana is down. Not the kind of message I like waking up to OV, it actually was from you, so. So that's down. I believe it's still down. So when I talk about that ENS partnering with GoDaddy, that's
pretty big. There's the, yeah, the dim AirDrop today, NFTS and all coins Pandoras on fire. That new ERC Four O 4 is just taking over all the narratives and NFT collection types. That's about that. That hit five ES, You know, there's just a bunch of stuff just popping up as usual. And then what else, what else? The cats sold out yesterday. That's minted out finally. I think that's going to be today. And then Ledger, CTO joining us for a few questions.
And last but not least, the robot giveaway. So make sure that you're here on spaces. So with that, with that, with that OV OV, OV, what is going on in the market? Yeah. So traditional markets, not really much to say. You know stocks closed lower yesterday. They're basically unchanged. They may be a touch lower. Interest rates are unchanged. The next big thing really is going to be inflation and we get that number on the 13th of February. So a week from today is when we
get the next CPI numbers. That will be the next big thing for macro. The biggest news really in crypto really is Solana being down. And when I say being down, I'm not talking about the price being down, although the price is down. I'm talking about the network going down. And it's the first time it's been down in over a year I believe. I can't maybe even 18 months or something like that quite a while. I don't know or I don't see the exact reason for it did.
You see this morning they were pushing some sort of update or is that not what's happening? I read, I read they were they were applying some sort of update and for whatever reason it didn't work and then they patched it with a new update which is now fixed. I I think it's now functional
again as of a few minutes ago. There's a little website you can check which shows the progress of of the update and I think some it's like north of 80% now which is when the the chain becomes starts becoming functional again. So everything is working again. You know we didn't really see. I'm trying. I can't fucking. So it's back up here you have Austin himself, right?
Austin Federa, who's the head of strategy, He's pretty active, so to quote him directly, he said Mert jokes, But telling the heart honest truth has always been courted to Solana DNA. You'll never see a temporary disruption or stalling block production or issue obtaining consensus because fundamentally someone is full of smart engineers who don't bullshit outages suck and can cause real harm.
There will be a root cause report made available once it's complete and then 10 minutes ago the network is back up. So as of 10 minutes ago and persona, here is Solana status, which I should probably be following. Done block production on Solana mainnet beta resumed at 457-1457 UTC following a successful upgrade to V 1/17/20 and a restart of the cluster by the other operators. By the way, y'all, I did not understand a single word of what I just read. Just not, not not.
You know, I don't want to act like I'm you don't know what I'm talking about. Engineers will continue to monitor performance as network operations are restored. So there was an outage for five hours OV yeah. And core contributors are working on a root cause report to fix it. What I find interesting out of all this, Ovi actually is that you know how a lot of the times and that was a lot of the joke, mind you, a lot of us even make few years ago with how Solana is not decentralized.
So it's not decentralized as a matter of fact, because it is decentralized, which this is the thread that I found interesting that player Tumu posted. And it goes, what happens when Solana goes down? Better question, how does Solana get back up? And he said it's decentralized so there needs to be a consensus among validators. Here's a peek behind the curtains, IE the Solana Discord.
And so he was sharing like how all engineers actually and validators need to get together and like restart the network, which is quite interesting. But I don't know what does this mean for Seoul here? I wasn't. I haven't even checked the Solana price this morning or any price size. It's not that much lower. Like it looks like it's at around 95 right now. Yeah. And it dropped to as low as 93. So it didn't really move on the back of this.
I do remember some of the outages back in like 2021, maybe even 2022, it never really moved on it. Like you'd sometimes see it dip a bit and people short it and then it would bounce back pretty aggressively. So yeah, it's it's not really, the price hasn't really moved that much now Seoul has underperformed versus ETH in the in the last two or three days, I think we moved from 0.042 to 0.04. Now something like that 0.044 to
0.04. So it's been a 10% outperformance of ETH versus Seoul in the last few days. But that's also from ETH strength, not necessarily sole weakness and people are calling for ETH and another ETH and ETH ETA rally. I'm not sure you know how much I I believe it but it is it is happening to an extent right now. So yeah so it has the sole price
doesn't really move. You know some of the ecosystem coins like meme coins are down and Jupiter's down and I can imagine some people might just be like if there was tourist money in Solana right now after something like that you may expect some of it leaving the chain.
But I know it's not really much lower and I I can only imagine maybe some people try to short it on centralized exchanges into this headline and maybe there's a, there's a short base on it right now which which gets cleared or liquidated, I'm not really sure. But yeah, I just, it's good. I mean, it's not great. Yeah, exactly. This is so funny. I wanted to just came out people shorted soul because the chain went down as if it wouldn't come
back up again. LMAO that's a tweet from Pitoshi. That's so true OB because on on essential exchanges, right. You could still trade soul because it's off like. Yeah, exactly. Like my my hunch is that we will see Seoul. You may see a Seoul rally late later today. That's that's a bit that's a bit punchy because there's probably people who are short and yeah like it's bad.
I think the chain going down is obviously bad and maybe there was some belief this year because Seoul hadn't gone down for over a year that Seoul would, you know, never go down again. But you know, it is still in in beta and you know even like that guy Mert who's who's a big like soul dev or whatever even predicted that the chain would
go down again and and it did. So I think, you know, it's natural to see some weakness in the ecosystem, but I personally think Sol itself will bounce back from this level in my opinion. All right. That's that's good. I mean, look, market talks, right? Like, you know, market talks. And so when I woke up this morning and you to to your message saying it's down, it was 90 threes.
And so obviously now higher looks doesn't look too bad, at least on the last hour we saw this is a candle since it's been back up, by the way. So what you're saying technically speaking is just playing out. So you're right 'cause. Like market? Market speaks for itself here. Across all other coins, I mean
nothing insane. Bitcoin's still ranging in the 43 KS which is you know, it's interesting because you know our fellow Co host Mando not here today, but he put a tweet out yesterday that I that I that I kind of like to hear kiss your thoughts, he said we ranged for seven months in 2023. We have been ranging for two months now.
Are we really doing this again? And then I was like well having in April. So we probably ranged until April, which was my thoughts and it was two months we could live with it. What do you think about that?
Yeah. I mean I think we had a big period of price movement and action into a very big event which is the ETF, possibly one of the biggest events ever for for Bitcoin. So it's only natural to see, you know, the focus die down a bit And for us to settle in a range, something that I would say is yes, the the range is a bit brutal, but the 42 to 43 K range of Bitcoin is not a bad outcome to be honest with you, especially considering we dropped to 3839 K earlier. So I think that's not a bad
outcome. If Bitcoin is range bound then it's usually good for alts I think so people try and seek other returns across there. So I think if this continues you will start to see some some other alts and possibly mean coins start to move again Bitcoin halving. I don't know what to expect really. The the rally historically has has tended to come after the half the halving, a few months after the halving.
And so I don't think like I don't think we're going to like you know, on the day of the halving, we're just going to have this massive Bitcoin rally. I just I don't believe that's what's going to happen. But I do think, you know, it's just seems to coincide with with crypto cycles and I think we're still in a in a longer term uptrend here in in the bull market if you will. So the Bitcoin halving just tends to, you know that it just seems to coincide with it.
But I don't think it's for me personally, the Bitcoin halving itself is not an event where something is going to happen around it in my opinion. And I think if people get too excited by it, then you know, there's a risk we we dump on it or sell off on it or whatever depending on the market. But yeah, I don't think we move much on them. What I would say is Bitcoin halving is in April and May is the expectation for the ETTF. Yeah, exactly.
So it might be that around then we start to get pulled up again. But you know we saw the impacts of GBTC on on Bitcoin and we have to see if we have to see how much demand there is on for the ETF and a lot of that will depend on how Bitcoin has performed until then. So if Bitcoin is lower in April than where it is now and the other ETFs have seen start to see outflows, then the story for ETF doesn't look that great.
But if Bitcoin is higher than now, higher than higher than compared to where it is now and we see incremental inflows and people have made money on that trade, then I think people will will want to put it into ETH as well. So that's another thing worth considering. OK cool. So that's that is good to know.
We'll see what happens closer to my my personal bull thesis here and this is my own and I'm no expert at all, is that we're probably like we range and we it's going to be just like kind of like on the boring side for majors. Until then there's always going to be an NFT collection that pumps. There's always going to be a
meme coin that pumps. We're seeing it with the RC4 fours right now and we're seeing it with a lot of some NFT collection on the Ordinal side like RSIC popping off like sweeps on puppets and etcetera, etcetera and the cats selling a $12 million at launch yesterday. So you know that that's going on over there. So The thing is it's not like I don't think we're going to go back to this period was like it was the bear market was nothing was going off.
Sure we'll range for a couple of months, but there's going to be a lot of things coming up and down mind you as well, a lot of new narratives being spun off and stuff. And then I think I would, I would think that after like slowly we grind towards like all time highs.
I think Q3 is where we hit our highs man like nothing like blast through them but I wouldn't be surprised honestly to see like you know in within like you know deeper and mid deep Q3 like some some highs across the board on coins. But that's my personal bull case. But again I'm always bullish even when shits perish so good and bad, good and bad. I think Twitter of the day went to you was that you were saying and then I'm going to move on to the rest of the stuff and FTS and whatnot.
But I thought it was great to eat this morning. Ovi, what You said it's fine babe. I can take money out of crypto whenever I I need to. dot dot dot realizes his net worth in salon and blast I thought. I thought that was a great tweet this morning and you honestly made me laugh so much. And a conspiracy theory. I mean, This is why you like you send all the drafts during these times, right? This is where you get your best engagement. Definitely did the same on the
meme coin story. But you're like conspiracy theory. Solana is down ahead of blast on log to give us a good entry on each rotations into souls. I thought these were great anyway. So top graders usually you know you had like towel ARP, OPDYDX you know as the whole salon ETH ecosystem was up so on ecosystem overall was kind of down and so, so that's kind of like the TLDR on the market in that front. Anyways, in coins as well, you have the dimension, I believe. It's going out.
It's going Live Today, right? I think. It's today, yeah. Yeah, it's today on the. It's trading right now on EVO at the four billion fully dilated valuation. It says this market will be transitioned to a regular perpetual future shortly after the token gets listed today. What price do you think it will trade at? I'm so annoyed like I did not claim my 2 pudgies dim air drops and it's like. Seven. Yes, a lot, I know.
Why didn't you claim them? You just forgot I. Don't know it's 'cause they're my vault. And like when shit is my vault, yeah. But like I. Don't like to spend like when shit's in my vault like. It's a pain to transact with them. Yeah, I understand. It's like, I don't want, like, I don't know how to explain it. Like, it's weird, like it's vaulted. So like, I don't like fucking with my vault. That makes sense. Yeah. No, I hear you. I hear you.
And clearly I'm wrong, by the way, because I just missed out on like $15,000, which you know kind of suck. Yeah, Wreck Confessions. Pomerle was saying Wreck Confessions. I missed out on the Dim AirDrop because I'm a moron. So that's what's up on my end. But I'm really happy that our homies, I know DS and a bunch of other people are going to bank on that and and and did their their AirDrop requests and whatnot. So that's really cool. So we'll see where that opens.
But that's something cool for the for the ecosystem that's going on and besides that besides that besides that I think that's really it like in terms of like coins and and whatnot it's we'll see what happens next. The other story that I thought was cool yesterday, I know we also covered it on the on the crypt is there is you can now connect your, you can now useyour.com domain as your Ethereum address with GoDaddy and ENS.
And there was a period of time where like ENS was like all the conversation on the timeline it's kind of died down with like the prices going lower on the three and four digits ENS and whatnot. I know you guys at some point had three digits ENS. I think you guys still have them, right? Are you still? Bullish. Yeah. That was more of a Mando trade than a ME trade. But yeah, we still, we still, we still own them, I believe. Yeah. Yeah, I think you guys still had
them. I thought that was interesting. So Ethereum name services domains can now be tied to traditional web domains with no fees adding more functionality to the process. So like if anything like this just like if I'm understanding this right like this is super bullish ENS right, like. Yeah. Or is it a nothing burger? It says ENS domains can be assigned to the theorem wallet to ease the hassle of sending
funds and assets. When they explain the two closer together, the web domain register just linked up with DNS to make it possible to tie adns address likea.com or DNS and ENS named dot E so that the DNS domain can be used with crypto apps. That's actually hella bullish. Yeah, it's good. But I don't know, I also don't like, it doesn't really like crazily excite me, do you?
Do you know what I mean? I guess, I guess the I guess the main thing is it's kind of like justifies ENS a bit more in the domain space, but. Yeah. You know, I don't think things are gonna exactly like move 100% on that. Yeah. OK. So we'll see what happens on
that front. But for me, like I think this is just more, it's just bullish and Jenna for crypto, cuz there's more integration of crypto apps into like, you know, the regular folks, you know, day-to-day like GoDaddy, like a lot of people use GoDaddy. It's like the number one, like domain registration business in the world. So I think, I think this is not bad and another news on that front, honestly, that was about it. Overall, let's talk NFTS now, let's talk NFTS because that's
moving right now. Not on the soul side, not right now, that's for sure. Y'all you know, but the rest of the bags are definitely moving. So on Ethereum, so it's this collection, right? That's going insane. Which was what? Is it Pandora which is at 4 E? Do you have more information on the NFT collection side of it or is it because it's tied to the coin right? Yeah, it's a bit, it's a it's an interesting one.
It's basically like it's a new token standard which represents an NFT collection but allows for the token to trade like on uni, swap, etcetera, if that makes sense. So it's almost like it's like if it's kind of like this hybrid token, like imagine if you had an, you had a whole NFT project and you could actually like trade fractions of them basically as a coin. That's essentially what it is. So it's like adding unicop liquidity to the NF TS. I don't know, I don't fully know how it works.
It's it's it's definitely a completely brand new thing. So I don't know like what the different and then if you can like just buy the NFT on openc I guess you probably can, but you can also transact that on fractions of that on uni swap as well. OK, it's it's pretty interesting. It's like a standard that allows you to like pretty much like turn your NFT collection into a coin right away and apparently like Floor Protocol are in touch with them and whatnot. It's very similar to what floor
protocol was doing right? Like you saw EU bake and MU MU MU right MU bake. Or MU exactly? It's it's very interesting. It's brand new. It popped out. I'm not going to lie, I am coping for the reason that literally I had the Pandora chart open on my computer on Sunday night. It was still 1516 mil. I was like, well, I'm not going to ape something that went to 16 mil. And it's also Sunday. And I'm trying not to trade, like I haven't taken a trade since my Juke day, which I'm
really praying ends up well. But I've been off the chart, feels good. I'm too busy. It's been very healing to say the least. And not look at the price of Bitcoin. He sold in like 12 shit coins at the same time at all times and the next thing you know it goes to 80 mil. So moral of the story, don't take your foot off the pedal, you know like because the second I take it off the pedal OV I missed out on what is it Almost nearly Ted X right?
So it's it is what it is. You got to be in the trenches 24/7. It is a bull market after all. You know, non-stop 24/7. Sunday night you got to be on charts. Monday morning you got to be on charts. Work. Forget that, you got to be on charts at all times because you can always miss the next 10-20 hundred X if you're not on it. But anyways, I think this is quite an interesting one and we'll see how that develops with time.
But it seems like a lot of people are building out with the standard, so hey, could see a meta here. Maybe. Maybe not. Yeah, we'll see. I don't know. Yeah, we'll see. I think. I think it's very interesting. I do think it's very interesting and yeah, I think it one of the biggest problems with NFTS is a lack of liquidity, so especially if you're buying rare stuff as well. So it would be pretty cool to have that him. Yeah, no, I agree.
And and so still on the NFT front, mind you, some nice 3D glasses sales I didn't want to talk about yesterday, but those came out yesterday. That's good for you, because I I know you got your 3D glasses fire, but besides that, dude, these RSI CS man, every single time I open digens, I swear to God they're higher. And we. Do it every morning here. It's actually wild. So they are now. They had a slight dip to point O 8 Bitcoin and it got slurped right away.
OV up to now it's nearly .1 BCC. Wow. Yeah, it's crazy. It's absolutely insane. And there was this rare one that sold, I believe for 1.8 or two beat Bitcoin. So that's not nothing small like one Bitcoin is 43 K So one of them sold for like 100 grand bro, because based on the rarity of your ruin of the Rsic meta protocol, you get to mine more ruins on it. So it's like a new standard that's been created via the NFT
or something. I mean if it if someone's in the audience, mind you and like knows better than me about this. Like you're totally welcome to request to speak and like come and give people a TLDR to come and correct me because I don't want to. I don't want to mess this up. But from my understanding this is what's going on. I know Loxy is obsessed with that and he's been digging into it a lot. Like he he's so deep in like he's been reading Casey Rodemore's like GitHub.
So he's like deep. Like RCO is deep. Like he's gone. He's like fully like into that and it's this thing and also he doesn't tend to go all into stuff like this much. Like I'm really the the crazy D Gen. part of the team. So this leaves me makes me think like if he's all into this like I should probably like go even deeper into it because like it's pretty rare. I was considering a sweep multiple times.
Did not happen. But it's OK we have our puppets to make up for it. So that is absolutely crazy. So if I go on the magic in front here. Yeah it is here still point O95 Bitcoin dude. How much how much dollars is that times it's 43 K yeah. Bitcoin. Yeah, 43. We're at 43. Flat. Yeah, we're at 43. One. So what for? Call it 43. It's $4000 dude. It's a $4000 AirDrop. And ETH is what, 23? It's at one point it's it's a two ETH AirDrop now. Fuck, this is crazy.
That's a big AirDrop. That's a big AirDrop. Dude, that makes up for the dim shit I missed, let me tell you that. So we're good on that front and also happening on Bitcoin. I mean look it's it's honestly business as usual is over there. Everything is going higher like on there like all your stuff is up. I mean the OMB is still above point O 5 Bitcoin. You have like this bit Smiley's now that seems to be up.
I'm not too sure where it is, but it's showing up here you have the puppets that are back above point O 75, the note monkeys, you know bounced or up again. So it's it's honestly been these three leading the the the charge on Bitcoin with the volumes and whatnot. So it's really been RSIC note monkeys and Bitcoin puppets that's just been doing a ton of volume on there which is really, really impressive when you look at it this way.
So that's about it on the on the on the NFT side and the other news again which was also on Bitcoin and I'm here quoting you know Tyler did its tweet here on the screen which was quantum cats white list officially closed yesterday. There was only 313 left. It sold out in 2 seconds. Some people said bots, some people said no bots. I don't know what it is, but hey, it's still sold out. So there's only 10% of the supply left for public mint.
And it says the team sold 2687 NFTS in its whitelist sale at .1 BTCA pop a tiny 269 Bitcoin, raise 11.4 million, and the rest of it just like sold out right away. So we're talking, we're really talking about a $12 million raise here. You got a nicer one than me. Someone's cool. Yeah, I like. I actually like my one. It's. Did you post? It. I haven't. I don't think I posted it yet. I'm just. I'm waiting for it to like get to my wallet and all that, just to make sure I saw the right
one. But yeah, my one, my one actually looks cool. I quite like mine. Yeah, I wish. Everything happens on on these here. Like where do you think they trade after after it mints out? That's a good question. So honestly I think it's two things. Another goes 50% below mint, which I don't think personally happens or goes to like .3 Bitcoin. You know what I mean? Like I don't think it's, I don't think it's it's like one way or the other.
So I I wouldn't be surprised if we open to XI point to Bitcoin from point. You know why? Because it's still a Tapper Wizards team after all. And these guys are just like the people like at the forefront of like pushing Bitcoin. Doesn't matter what people think of the art. For what it's worth like Farr has his own like art kind and like people like it so it clearly sold out. There was a $250,000 sale at sold the beach, which usually you're right.
Like I think a couple of you were saying, it's usually not the way we like, you know, you know, price the whole rest of the collection, whatnot because it's not had it pinned before. But I think an open above point to Bitcoin is is is the most likely outcome. What do you think?
Yeah, I agree. Look, I think it's going to do really well because of UDI and I I know they they messed up the the Mint process and but you know ordinals are still nascent technology and there there will be more mess ups and stuff like
this. So it just kind of reminds me of like the ETH NFC mints back in 2021 when people would delay mints because something would fuck up and you don't ever really see that happen anymore because the technology has been developed and it's it's much more smooth. So I think it will do really well to be honest with you. But I also I'm going to get one, so take it with a pitch of salt. I I think I'm going to like as soon as I get mine.
I think what I'm going to do is that I'm going to, This is mine, This is not a birthmark. It's a black guy. It's a black guy that he got for, for, for, for being tossed around on the Bitcoin blockchain so much and being pushed around and he came to me with the black eye, you know, I got the Tiffany background, I got the Tiffany blue eyes. That's got to be rare. So if someone wants to trade me like 2 cats for my cat, you know the ends are open.
Obviously I'm just kidding. But I personally I think I would probably will probably be replacing mine with more of a forever cat type that I have that could be my adopted cat forever. But definitely this is the type of project that I just want in because of Udi and the team and I really like these folks so their friends, their family and and I think it could be cool. So we'll see what happens. I saw yours potentially yours, right.
We want to wait till we actually get them in our wallets and it was really cool. So excited to see what you got. I know Sobi hit really nice ones too. He actually even PFP D it already and overall like there's a lot of again, like there's just a lot of excitement about around everything Bitcoin. For what it's worth OV if this opens like 2-3 X above like the the the starting price you could see the ordinals market pump like the rest of it like echo
pump like. I wouldn't be surprised if the money like a lot of the money goes back into the collections that are doing well right now. Because imagine like you'd minted .1 Bitcoin. Imagine you get stuff for .3 Bitcoin. You kind of always like, put money back in, right? As a DJ because people do. What do you buy? Like to me like, OK, RSIC has like the narrative it's pushing. Puppets have a narrative. Another monkey would be the price of your cat.
So I don't know if you go straight by the monkey and there's a lot of stuff happening there, so we'll see what happens. But that's what happened yesterday, and these put a tweet out saying as soon as the public mints ended for cats, everyone who like, didn't manage to mint started buying RSIC and puppets like immediately after those collections, even though monkeys went back up after the public mint went live. So people.
Realized, yeah, because people go back to the, yeah, liquidity flows back into those projects, yeah. Exactly. And given that we don't have enough market participants yet in the space, you know, liquidity's taken somewhere and goes back somewhere else. Anyways, question for you, Ovi actually went PD5. Selfish question. You have a drop coming up. And probably going to be end of this month. OK, probably going to be end of this month.
I've I've finished most of the artwork I'm just adding like the final bits and pieces and stuff. But yeah I've got the code and everything working to to generate the images I've got I have to say using ChatGPT to like write these scripts now so much before it would take me. Like, it would at least take me a whole day to write the script, and I think this one would have taken me probably two or three days because it's a bit more
complicated. But with ChatGPT, the whole thing done in about 30 minutes, which is pretty insane. So it's just like a massive savior on time. But yeah, I just, I just want to like add more elements on the arts side to it. And yeah, it should be at the end of this month. Dude, it's exciting. I have to say. Like, you've been posting a lot of these. You've been posting a lot of the teases about what it's going to look like, and I'm excited for that. Wait, let's see.
That last one was crazy. The Cracking 1 like this one is crazy, bro. I saw it this morning. I love to do many more minutes on there. I think it's cool. Like you just always put little, little like hands, you know? Oh, the golden boxing gloves. I did not see that. Yeah. That's cool. Yo, did you see Rookie just announced Crypto Fight Night 4? Yeah. I did. I did. No, I'm. I'm potentially retired for that. No. Oh, you have a kid on the way. It's true.
Yeah, yeah. Yeah. He's like, yeah, I'm a father now, you know, it can be, you know, I would I. I'm it's it's it's painful to like see it and be like I'm not going to be in this time because I do really want to fight again. But I don't know. I want, I want someone I know to fight so I can like live, live vicariously through them. So I put you up to it. Somebody at me I want to look for. I'm going to pick a fight. I have been. I've been working out. I, you know, I've been.
I've been. Working. It's yeah, but there's no chance I could box like if the level of cardio required. Yeah, it's. Like boxing. Like, yeah, I'm working out. Yeah. You know, I'm feeling great. But that's like a level. I feel like above performance, right. Like I was talking to Vanessa about my girlfriend, like, babe, like, what do you think? Like if I I should just like get in one like, like like OV did.
I was like last week she's like, babe, OV was training twice a day and not drinking for six months. She looks at me, she's like, there is no way you're doing that. And I was like, yeah, true. It's like, let alone stop smoking weed. And I was like, yeah, my girlfriend knows me pretty well. Yeah, exactly you. Know we're too busy. We're too busy here. I real good at the crypt for me
to get in the thing. I I wouldn't be surprised if there's probably a shareholder agreement somewhere saying I'm not allowed to do that. So I did ask yesterday if I could go to space and that didn't work out. I was talking to Axon space team. They're the people that sent the thank you axe and all the snow fro and everything in space. And I was on the phone with them and I was like, so how much is a seat there? Like how do you like, can I go to space?
It goes well. If you raise $70 million, we can send you there. I'm like, never mind. I think I'm a skip. So I thought that was pretty crazy. Anyways, let's pass into our special guest of today. We have the CTO of leisure himself in the flesh, Shao Guima in the house. Bonjour. Bonjour BJ Shao, how you doing? Oh, your French is amazing. I'm good. Thank you. Thank you for having me to do today. Listen, we were, we are glad to
work with you guys. You know, I know you guys were powering our show for the last month and a half. I know we're always doing some cool stuff with the Ledger team on the rock radio side, on the rec side and everything. So it's always a pleasure when we can have you guys on the show. So Mr. Chaz Gimay, you are the CTO over at Ledger and everything. How's it been lately, how's how's the market been treating you guys and how's the how's things moving on at Ledger?
I we we are pretty good. 2023 was a little bit bumpy for for everyone in the ecosystem I guess, but that was a good opportunity for us to to build to to prepare for for the future and and I think we are at the beginning of a new cycle.
For me the the really the very important interesting part is that during the last cycle we had scalability challenges for block chains and I think during this building phase we we the ecosystem have found solution to this scalability challenge and and now it's pretty exciting to see the the next cycle beginning because we will have plenty of chip blockchain space and that will enable plenty of new application and this is something that was not possible before.
Yeah. No, I totally agree with you. So with the market picking up now, which is you know what you're talking about and everything, what are the new, you know, types of, you know, your CTO at Ledger, right. So what are some of the new types of scams, exploits and things that we should be aware of this cycle? There's a lot of people listening right now.
The scams, I mean with, with the, with the, with the market picking up, the scammers are out here, they're out here and they're about to be out here even more. So Sean, why don't you give us some some things to to to be careful of and be aware of ahead of this new cycle? Yeah, that's true. And yes, cameras, they they they come as soon as we have a newcomers who are a little less at ease with what's crypto. Crypto is a new paradigm so it's a little bit difficult to handle for a newcomers.
But there are a few things that people need to have to keep in mind. So first of all crypto is is important when you are in self custody. I I really, I really like crypto because of the permissionless aspect. And the permissionless aspect is possible thanks to the decentralization of the consensus but also through self custody. But self custody is not that easy. That's that's why we are providing tools to the users in order to to do self custody securely.
And most most of the time scammers are trying to to collect the low on gig fruits and the low on gig fruits are really tricking users into doing something wrong. And the most common scam is really to ask users for their 24 words. So they are creating a fancy UX. They pretend that there has been some issue, some problem or they they pretend that you can that you can earn a big AirDrop like
this kind of thing. And at some point they ask you to input your 24 words into an interface and as soon as you do you do that as a as a user you give away the access to your wallet, to the scanners and that's it. There was nothing you can do to revert this because the the attacker would simply drain your wallet and and that's it. So this is something people really need to keep in mind. There's 24 words are very important and you need to keep
them confidential and secure. You need to secure them in the in the safe place and the only way. The only location where you can input them is directly within your Ledger device if ever you need it. Because you you will need to input them if your device has been reset or you have both a new device.
But except for this situation you don't need to input the device but at the end your 24 words are inside this nano X or maybe inside your stacks if you are lucky to have run and and in your in your 24 words back up. So this is something that users need to keep it to keep in mind. And secondly the the kind of scams we see is really where it's often a little bit more elaborate. It's when scammers trick users
into signing transaction. So it is again, scammers are promising you a a very big air drop this kind of thing and then they ask you to sign a specific transaction and if you don't verify what what. That's what what what is the transaction you are about to consent or if you can't verify because there was no clear signing then you might give away the access to your wallet to to the whole wallet. And this is what we see with the drainer and so on.
And in order to avoid that what we what we do at Azure is really to create this such a enclave that is your device. And also we have a big initiative which consists in providing the users with clear signing. Clear signing really means on the device it will be. It's written what the intent of the transaction you are about to
consent. As of today, when you when you send Bitcoin, when you when you interact with a known smart contract, you have this data, it's written you are about to send this this amount of Bitcoin to this specific address. Do you consent to do that And then you you consent. But sometimes with some fancy smart contract they are not well supported and then you have to blind sign.
So blindly sign hash and you don't, you have no way to verify what's what, what will be the consequences of signing this transaction. And that's why we are working on this very big clear signing initiatives which will bring the users with all the clarity for for him to understand the transaction he's about to sign. OK. That's some, that's some really good advice, definitely for the people. So I hope you're listening and I hope that the people listening are not using hot wallets.
Well, I mean, yes, you can use hot wallets, but that's not where you store all your money. Use hot wallets to mint all the free mints and the bullshit alt coins and shake coins that we like to apen, but that's it. It's good. It's good to have to have different wallets for different shoes when you want to do digen things like minting new stuff. And we like, we like doing this. You do that with a hot wallet you you only keep low value in this hardware.
But for the for the value that is important for you. Maybe it's important because it's a lot of of dollars at the end, but maybe it's important because this is your favorite NFT. So for this valuable you will put them in your, in your code wallet, in your leisure device. OK. Perfect. I'd love to love to hear that. And I guess, you know, next question is, you know, why is why Ledger, right? You know, that's you're the CTO, so I mean you're the guy I need to ask this to. Why Ledger?
Why? Why? Why is Ledger, you know, the most secure hardware and software player in the space? I personally use Ledger. Actually, what was what was easy with you guys the other day, I was talking about it. I stick my Solana natively on Ledger with a few buttons. That's what I did with my own. Obviously NFADYR. To each their own. But that's what I proceeded with my Solana because it's easy to see. I like the interface and
whatnot, but like, you know how? You know why, Why, leisure and and and when it comes to using your software and hardware. Yeah very very good question. So first of all again self custody is really important at the end. If you have Bitcoin or ease or NFT or on an on an exchange on revolutes, you're you're not really in crypto like you you are. You have an exposition, the financial exposition to crypto value.
But it's very different from owning crypto and and owning crypto really means being in self custody and being in self custody means you own your keys not your not your keys not your coin. This is what we what we to say and and then the security of these keys is really paramount. If an attacker gets access to your keys then it will drain your wallet and there is nothing you can do to revert this.
So that's why a security is paramount and and in the security world there is nothing better than than segregating the location of your properties from the application. So this is really what hardware wallet in general are made for. They are separating your priorities from the Internet. So this is this is what we built at Ledger. So you have a different option in terms of hardware outlet. To be honest, if you use any hardware over it, it's 100 times better than only a software over it.
If you use only a software over it, your private keys are are not at risk and using a hardware over it is is 100 times better than the than a software over it. And then when you use a hardware there are different shade of Gray. And what we what we are trying to do at leisure is really to have the highest level of security but also having great ease of use. It's because if if you design a security solution that is so secure that no one use it at the end you don't solve any problem.
And this is not what we what you what we are trying to do. We are really trying to to have a good trade off between the high level of security and ease of use and and what we do is trying to have like simple devices that do one thing and
and do it well. The security part and for the UX. For the UI we have we have built different application and the July is the main one where you can manage all your crypto in one place and then you can buy, sell, swap, stake you can you can have a credit card and all of these are services that are provided by third party and and we are connecting the third party to to the user.
So as a user you have a nice unique interface with all your crypto and you can do plenty of things with your crypto and as soon as you need to access to your crypto to transactions and so on then you you will use your hardware your your device. We we are also an open platform so it's possible to use your device on different dabs and so on and it's it's interoperable and we are working into in improving our devices DK so that the the the UX when you use your device outside the fledge Dr.
would be even better. This is what we have in mind these days. All right. That's pretty cool. And so last last question I got for you here, Charles, what's Ledger Dungeon? Oh, the dungeon is is our internal security. Yeah, the dungeon, this is our internal security research team. So basically this is what we, what we call a red team in in the security world. And their main mission is really to try to break our devices. So this is what they do
day-to-day. They they try to find vulnerabilities on our devices, on our, on our products in general and when when they find vulnerability it is then they work with the engineering teams in order to improve, improve the security of our product. Also they are spending some time doing some R&D in the space and sometimes they are participating to securing a little bit more different product we have.
We have different partnership with with other team because at the end securing the ecosystem is important for for everyone it's important for the ecosystem. So if we can participate into into this we we we are glad to do it. So the the dungeon is really a team of security expert and it's it's quite amazing. They can break almost almost anything just a matter of time and and and effort and equipment and so on.
So they have plenty of bigger equipment it's really interesting to to enter the dungeon and but by the way we we have we have done some videos to present the dungeon. I think that they are called enter the dungeon. I think it's the space of four videos and it gives you some some high level view on what what it is to to to try to to break hardware devices. All right. Love to see that. Well, thank you so much. Charlie, I guess last question for you.
Are you going to use those skis behind you? I I love skiing, but there's there's one a little bit old. I think they are 60 years old. Sixty and I at some point I wanted to try them, but my feet are too long. So I I I avoided to break a leg. Yeah, maybe maybe avoid that for sure. All right, Charles. Well, thank you very much for coming on today.
Charles Gimmez, City of Ledger. So for anybody curious, I mean, check out Ledger. You know, I got a couple always hanging around me. And make sure you guys protect yourselves with the hardware wallet. Thank you, Sal. Good. Stay. Safe. Thank you. Bye.