Why Memecoins Never Die, AI CapEx Will Continue, and GTA 6 is Too Cheap

Threadguy calls the memory bottom live as DRAM rips 5% off the open, breaks down the billion dollar PDF theory behind every era-defining tech paper, and watches GPT Live voice land as the biggest AI product launch of the year. Closes with the full memecoin confession: why Robinhood's chain dragged him back in and why they are never going away.

Transcript

SPEAKER_04 0:01

Yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, yo, what the fuck is gonna go and how y'all? How are you all living, man? Welcome back to the stream. Welcome back to the stream. Welcome back to the stream. It is so good to see so many beautiful faces with me in the stream, and also with the official partner of the stream, Phantom Wallet, the title sponsor of the stream. Phantom, we love you. Trade everything, every coin, every chain, trade perps, trade stocks, trade crypto, trade whatever you want. Meme coins, fuck it, Phantom Wallet. The best in the game, the official partner. None of this would be possible without Phantom. We love you, we love you, we love you. 81. Oh. Um, we have a new GBT release, and I am being told from all angles that this was the bottom. I'm being told that GPT Live Voice is the greatest AI product of all time. Neo clouds are back, memory is back. Maybe that was the bottom yesterday. We look, we knew we were gonna get it. We knew we were gonna get this peak fear narrative. We had this like Apple China situation where they're gonna be buying memory from China. We have SK Heinex in the US on Friday, which is tomorrow. That was some memory fear, and then at the same time, we have war and oil back on the menu and back on our topic list. Fortunately, it is nothing too crazy today, but I don't know. Things look pretty decent. So I'm excited to be back. Look, we're gonna have a lot of intro topics to cover today before we get to markets. You also gotta talk about Robin Hood again today, and Shaw's is $82. I kind of feel like a genius, even though I'm still down 10%. Quick update. No, I can't stream tomorrow. It's the last day I'm gonna miss for the next month until I have to take a week off. But I can't stream tomorrow. I gotta go to LA. I have uh I have some business to handle on the West Coast. So there's not gonna be a stream tomorrow. I know. And tomorrow's a big day too, SK Heinex in the US. So you're gonna have to watch, I don't know, somebody else in the morning. But starting next week, I will be back and it will be absolutely beautiful. So, all right, let's get into the topics. All right, on the on the docket for today, first and foremost. Um, this new interview just dropped with this fellow Jeremy Giffon. And I've never heard of this guy, okay? He's a VC of some sort, but he just did uh invest like the best. And I'm gonna be honest, it's so good. Okay, it is so I like it's not really about markets, it's it's basically about how Twitter runs the world and is the last meritocracy and is the only platform that matters, and it's good. I mean, it is fucking it fired me the fuck up. I'm gonna be honest. But in this podcast, he has this top, he talks about this thing I've never heard about before, like this idea I've never heard about before. Calls it the billion dollar PDF. And basically, the premise of billion-dollar PDFs is five- did I almost cried when I read this. It was like I'd be so emotional. I don't know why. Basically, the premise of billion dollar PDFs is every like 10 years or so, there's a decade or era defining tech paper essentially that creates billions, if not trillions of dollars of value. And the second premise of this is that whenever there's technological change happening in the world, everyone is at peak fear and panic and in a weird spot, and they don't really like know what to do or what to think. And somebody has to come through and crystallize the message. Somebody has to come through, write the paper, crystallize the message, and give people a premise as to which they can like think off of. They need a foundation to think off of. And the most famous one of this decade is obviously Leopold Ashenbrenner, Situational Awareness. I mean, think about how much money was created from this paper. Guy leaves open AI, he's like 21 years old or whatever. He goes and he writes situational awareness, and every single thing that he talks about happens. He creates, I don't know, what's gotta be the hottest fund in the world right now, situational awareness. And everybody that listened to him and followed what he talked about or used that as their mental model to think about where the world is headed, made billions and billions and billions of dollars. The pricing of options 1973, classic. I've read about this. Bitcoin white paper, 2008, Satoshi Nakamoto, classic. Why software is eating the world, Mark Andreessen 2011. I didn't even know this existed, but the secret Tesla Motors Master Plan just between you and me, Elon Musk, 2006. I mean, this is one of the coolest things I've ever read in my entire life. And I'm thinking about it, and I'm just like, somebody has to do somebody has to write the billion dollar PDF for retail traders. I wanna, I wanna write it, I'm not gonna lie.

SPEAKER_03 4:23

It's so good, but I want to watch like three minutes of Jeremy Giffon attention, meaning like everyone wants to ultimately have a spot on that timeline. It's a strange phenomenon. I'd love you to just riff on there's like five or six subcomponents of the timeline that I want to ask you.

SPEAKER_04 4:38

It gave this take basically that it no longer matters. Billionaires have been commoditized. It no longer matters how much money you have, the only thing that matters is how much you contribute to the timeline. That's the only thing that matters. How much you contribute to the timeline.

SPEAKER_03 4:51

About, but maybe to start just how you're thinking about this strange modern phenomenon.

SPEAKER_05 4:54

I think it's downstream of technological change. I think the technological change is really the uni feed. So what people don't appreciate about X is that everyone gets served the same 500 tweets per day. And it's hundreds of millions of daily active users, you know.

SPEAKER_04 5:06

Uh megachurch time.

SPEAKER_05 5:08

The thing that people who don't post don't realize is just how many, you know, whatever the poster to lurker ratio on these things is enormous. And so it's really hard to feel the impact unless you're actually like getting onto the feed and seeing all the people that you didn't know were reading X all day commenting on your thing. I'm always surprised, like when I post a good tweet, and you know, who also what's up with the tech voice thing?

SPEAKER_04 5:26

The tech founder vocal fry. What is is that a thing? Has anyone spoken about this? It's like this the Silicon Valley Tech Founder Vocal Fry. They have this morning raspy voice situation thing. They sort of all sound he sounds exactly like Sam Ullman.

SPEAKER_05 5:41

Whoever texts me about it. I literally have no idea, you know, so it could be someone well. I had no idea that they read Twitter all day, but everyone reads Twitter all day. And so the Unifeed, I think, is sort of the technological catalyst for this phenomenon. It is X, by the way. Like I it's interesting how X is sort of like it's sort of the Lindy social network. Like it's it's just gonna, it probably is never gonna reach the scale of the others, but it just fills this like vital role. And it's interesting to me how it's like, you know, however long you know, probably almost 20 years now, and it's still sort of more important than ever. What that means is everyone is reading the same thing. It's the it's the global newspaper, right? And so, in the same way that you know, people would talk about the latest article in the journal 30 years ago, now it's the latest tweet or the latest essay on on X. And so I think what that creates is that all the sort of most important people in the world, at least when it comes to capital markets and politics, and um, I'm sure some other journal entrepreneurship entrepreneurship technology they're reading their daily paper every morning. And uh these things really form opinion and they price securities and they dictate where capital flows, and they certainly write policy.

SPEAKER_04 6:36

And so there's this idea that another great filter perhaps the reason mega church time works and spirals and cascades is because there's actually 500 posts every day that get served to the entire world. Brother, the the entire every person that contributes to capital markets read Citrini's 2028 AI article. Every person, like there was like trillions of dollars that read that article, and so of course it dictates price action.

SPEAKER_05 7:08

Reactive meaning that it you know is constantly monitoring the timeline and sort and and reflective in that its actions then affect the timeline, which it it then sort of reads and reacts to. And you can think of you know, the White House is obviously like this, uh, venture capital is like this, um, certainly public equities are like this. There's this idea of like what is the story. And what's interesting, it's funny, like one of the things I get emails about the most is a comment I made somewhere about how like posting is the last great meritocracy. I get emails about that because people are like, that really clicked in my head, and I start posting, and posting changes your life if you're good at it. That's still true today, maybe more true than ever. And it is sort of a meritocracy in a weird way. Now there's the algorithms and AI and all this stuff, but like it's still, you know, in some ways it's a lot more meritocratic than it used to be, like everything that's been lotteryified. And so, like, you know, in the old times you had to like sort of grind away and build this huge following, and then by virtue of having a big following, you could post a really inane uh tweet and it would be very popular, but that doesn't happen anymore. Now you just you can you can literally be like a new account and just write a good post and then the algorithm selects you and it'll display you in front of 500 million people. It's sort of this like weird thing where you have the global newspaper that everyone reads that everyone finds highly influential. There's also this like this sort of um meta thing where it's like the newspaper if you could see all the influential people reacting to the articles in the newspaper and then by the newspaper.

SPEAKER_04 8:17

If you could see all the influential people reacting to the newspaper in real time, the mega church time evolution of markets, hyper acceleration from here has to be, has to be, has to be, has to be. It's so good. Um, all right. The story of the markets today, open AI introduced GP Live, a new generation of voice models for natural human AI interact interaction, is rolling out in ChatGPT starting today. I have been reading Frank D God's tweets, and he is discussing this as if it is the greatest thing any Frontier lab has ever put out. And I want to try it. I'm kind of I'm scared to try a lot because I don't know what it's gonna say about me. But but the toughest thing for me with voice is latency. It's just like it's too even that three beat lag is just like ah, it kills it. You know, I I always get frustrated when it pulls up voice and when I accidentally click it or accidentally pull it up. But let's I've watched on 1.25. I want to watch the video um and just see where we're at.

SPEAKER_00 9:14

Making a sweater for my grandson, but I don't want the needles to be too big. What do you think? If you go up, it's gonna get kind of baggy. Although baggy is very popular now, don't you think? I know, right? I'm ready.

SPEAKER_04 9:25

Well, the the sneaky interruption is crazy. That was really human.

SPEAKER_00 9:29

Today we are announcing the all-new chat GPT voice, powered by GPT Live One, a full duplex conversational partner that is the most powerful voice model ever built. Can you simplify that? Sure can. Can you explain what a full duplex voice model is?

SPEAKER_03 9:44

Yeah, imagine a normal call with a friend. You can listen and talk at the same time. That's full duplex.

SPEAKER_04 9:49

It's pretty quick. That that was at who is this? That was a pretty good video, I'm not gonna lie. I so this is a frank tweet. I think within a month we'll see stories of people that spend their entire days talking to GPT voice. I wonder how much of this is something anthropic or X AI can copy. Obviously, near impossible, this fidelity with logo models. I would imagine we're not that far off from the entire subset of the population spends all day, every day, just talking to the AI voice. I would like to talk to it. There was an era where I was talking to it a lot, but I started to get frustrated because it would like interrupt it would just it would fuck up. But do you remember that that he was it Avi Feldman or Avi Schiffman friend.com product? And he did those product reviews, and there's this like I mean, there's this subset of like middle America that yeah, lives a kind of dark, miserable life, really, and spend every waking second talking to GPT. That exists with the the I don't even want honestly, I don't even want to watch the video because it's just like it's it's pretty dark. I I'm not super excited to watch the video. I mean, bro, most people are pretty lonely, like most people are not going out and like doing stuff and having like social interaction, and so it's not that far off from an outcome like that. That's when I I listened to this Ed Zitron guy, who by the way, dead giveaway on Ed Zitron, is he just straight up does not pass the fizz check. I'm just gonna be honest. He doesn't pass the fizz check as a guy I would listen to for his bear case of AI, but his entire thesis is that like LLMs are a bad product. And I'm thinking to myself, what are you talking about? LLM is one of the greatest products human races ever created. Like, what are you talking about? What do you mean it's a bad product? Use this product that serves no purpose, it serves infinite purpose. I mean, I to this day I I still use AI every day. It hasn't like made me a trillion dollars, or it hasn't like revolutionized my life, but it has replaced a bunch of you know what is really replaced for me is it's replaced like slotting in personalized advice where you would usually Google or you would maybe go to Reddit or something. It's really, really, really convenient. I don't even realize I'm doing it for like, yo, I just did this lift and my shoulder hurts. Like, here's my routine. How how should I finish chest day and like avoid that motion that like hurt my shoulder? Knowing, like knowing what you know about my injury and like it's my labrum. I have I have this exact injury. How would you avoid the paint, like the sharp pain I just got? How would you do it? It's really good for personalized Google search. Like it is is really good. And yeah, that was like yeah, that costs like 30 gallons of water. Okay, on the topic of AI, there's this guy right now, Andrew Curren. Kirin Curren. I would argue he runs the timeline right now. He's like the most important AI voice on the TL right now. Maybe I'm wrong. I'm posting this now so I can quote it later. There's been a significant breakthrough in architecture, specifically around memory efficiency, not by one of the big labs, but by a team that was spun out of open AI. They will probably announce it soon. If he makes his post and the markets dump, and you saw a lot of like Citrini quo tweet on this, regardless of whether this comes true in the specifics, it's almost certain that it comes true in the broad sense. D uh DRAM prices are not going to keep going up the way they have without a significant incentive to use it more effectively, efficiently. You need to be an extremely firm believer in Jevin's paradox, which we've spent a lot of time talking about as it applies to memory to remain long OEMs here. Otherwise, it is essentially a bet that's short innovation out of necessity. So he makes that post dumps the market. But then he makes a post yesterday, which is a crazy one. So it's quo tweeting this tweet that's saying um GBT6 is coming out and it's crazy. Who is this? I should follow this guy. So this guy makes a post, GPT six is coming out and it's crazy. Quo tweet. I've also heard some of this independently and believe the following to be true. GPT 6 is the next release from OpenAI, it's their true answer to mythos, and it will arrive much sooner than people expect. Mono release cadence has been speeding up for a while now. It's possible that GPT 6 even arrives within the next four weeks. When I say arrive, however, it may not mean a general release, as we know that will never happen again. Because of the last couple of months or any indication, GPT six will almost certainly be held back by the government, at least initially. Follow-up. It's a new, much larger pre-train, as Leo says. Mythos changed everything, everyone is going big, including Elon, who has a 10 trillion parameter grok in training. Open AI and anthropic see capabilities increasing rapidly with advancement continuing and a new trajectory over the rest of this year and beyond. Now, this part, both labs are very confident in what they have internally and see nothing above us but air, no ceiling. You know, from my novice level of understanding on training AI models and LLMs, is that if it's the case still that you can just shove more compute and bigger parameters at these models, and you can get out mythos capability or better, then everyone is just going to continue to do this. It's the Daniel Tenrero thesis. As long as every increment incremental AI model gets better because you shoved more compute at it, then what is everyone gonna do? They're just gonna shove more compute at it. And so CapEx goes up only, compute spend goes up only, memory spend goes up only. All the beneficiaries of the AI stack have infinite contracts with increasing size and make increasing revenue. And these things just get bigger and bigger and bigger and bigger and bigger until they stop. It's a crazy tweet. Oh, we'll come back to that one second. It's a crazy tweet from the guy who made the last post that everyone took deeply seriously about a DRAM breakthrough. Like, at the very least, I believe that the labs believe that they see nothing above them but air. I think I think this is a bad take.

SPEAKER_02 15:31

Rockstar, I think, is charging way too little for this game. They're charging what, $80? Like, you're gonna get canceled for this. This is a nuclear take. No, they should be charged like $200 for the game. I know. GTA 6 is like the last great game. Yeah, like you think about everything, it was built mostly all made pre-AI. Like it is the pinnacle of this.

SPEAKER_04 15:46

Also it's not made pre-AI. A crash is not even out yet.

SPEAKER_02 15:49

Craftsmanship, years and years and years of blood and sweat and tears, to the extent where you have like the Twitter analysts like counting cigarette butts outside the podcast to see like how much crunch I'm gonna get right now. Literally, the game. The GKs are insane. So I always tread in this water like very, very carefully. But uh no, so I feel compelled to buy GTA 6 just in honor of it existing, like even if I don't know if I'm ever gonna play it. So I don't think that and I'd be happy to pay. Yes, I have $200. Like $80 is ridiculous. It's not work.

SPEAKER_06 16:12

Anyhow, um Yeah, we had the youngest person on our team was commenting on people online complaining about the price and said something like, You didn't have you 10 years, you couldn't save up 80 bucks. Like whoever, whoever you are, like my like I know kids that do lemonade stands and they clear like a hundred bucks, you know.

SPEAKER_02 16:26

Oh, absolutely. I want you know, they're all twenty dollars, I'll keep the change. Nothing can say better than that. Oh, unfortunately with inflation. I think that's sort of like except it's no.

SPEAKER_04 16:32

Here's my take on this. Like, okay, at the same time, there's this crazy scandal going on right now with EA Sports, and EA Sports just launched NCA 27, which I'm a buyer of, of course. I love I love sports games, and there's this massive protest going on because it's like a $60 game or whatever, but they microtransacted it to fuck like to fuck all, like so bad, like worse than 2k. And Bordo and the rest of the NCA 27 gaming community is on this crazy rampage right now, basically saying if they don't fix this problem like today, they're done, they're never working with EA again, they're not playing the game, they're not streaming it. Like it look, they're all doing it. I forget this guy's name, he's a huge YouTuber. EA's gone way too far. RBT, we we need to talk about EA sports. Bangle is massive, he he's like the biggest franchise streamer. Um, EA is gone too far, not the expert, 175,000 views. Why EA? Yeah, mad mobile gaming. Every guy, bro. Look at this. Dress me. They're like hashtag CF uh B college football. Play, don't play. Uh, play, don't pay. Look at this. Give us our game back. And there's this like freak out about it. My thought is that GTA is gonna just pull the modern playbook and they're gonna charge whatever they're gonna charge, but they are going to make ungodly disgusting amounts of money from the microtransaction casino. And that's the I mean, that is the trade is that you think they're gonna be able to monetize it to fuck all and just destroy in microtransactions. So, stock market is open in 10 seconds. I want to say a quick thank you once again. Stock market open is powered by Phantom Wallet. Phantom where you can trade everything we talk about stocks, you can trade it, we talk about crypto, you can trade it, we talk about perps, you can trade it, and the market is officially first and foremost. Excuse me, that's a typo up 0.222 percent at 74714 Qs are up a whole percent. Love to see that. Socks, the semi-index, which had a really bad day the last couple days, that is up five percent and had an electric pre-market. The IBB is up 0.32 percent. The IGV is really, really, really struggling right now. The software ETF is not looking good, bros. That's down 1.76 percent. Um, the mags as well are struggling, definitely being dragged down. Ansome got spot on hyper liquid. Send the link. Mags being dragged down by meta, which is falling pretty ugly. That's down 1.3 today. And DRAM, which is definitely the story of today, is candling off the open. It is up five. Look at the thing go up 5.2 percent. And look, I told you we were gonna get the bottom capitulation narrative, and we got it at the same time. Memory is a commodity, apples buying from China, SK Heinrich in the US, and war all at the same time. And wow, look at that thing go 65.4 on DRAM. That's up five and a half percent. Look at it go 65.5, 5.6 DRAM looks incredible. Quick crypto check-in after the open bitcoin candling down seems to be a common theme. Solana 77.5, ETH 1737, hyperliquid 67.4, lighters having a good day today, and pump fun is up 1.2. All right, biggest gainers in the day. Micron. Wow, wow, wow, wow. You love to see that. Micron is up seven and a half percent. Um, it is up back above a thousand and looks great. Marvell is up six point seven six percent, two hundred and forty-seven dollars. Marvell looks great. Blue Manager, that's up five and a half. It's been getting funded, but looks good. Sand's up five as well. Memory again is the story of today. They just announced a partnership with meta shaz, my favorite, falling a little bit after the open. That's up three and a half percent. Kevin Zoo is allegedly full-ported from $73. Brutal, brutal, brutal, unfortunate news, but it is what it is. Um, arm, look at that thing go. That's up seven and a half. That's up eight percent. Look at arm go. Wow, where are we? Wow, wow, wow. That's up eight percent today. Biggest gainer on the chart so far. ASML, it's up three. Cerebrus is all in the news, especially on the um chat GP Live and 5.6 announcement. That's up AMD, that's up six and ripping. Where'd that thing go? 548 and strong. Intel is definitely fighting, but it's losing some uh Frank. What's your entry? What is your entry? I want to mark it. Losing some of its pre-market juice. It got as high as 116, it's 114 right now. Red, uh 184. Nice. Let's market Franklin. Oh, what else we got? What else we got? Dell is Trump stock go out and buy a Dell. That's up 1.3. Um, Broadcom with the jalapeno chip and open AI. That's also all in the news. That's up three percent. Robo Strategy published some updates. Third nav is going up, that's up two and a half percent. Qcom is also up two and a half percent. SpaceX, QCom's kind of losing it. SpaceX is kind of losing it as well. Um, it's up 1.3, it just lost 150, it's 149.5 again. Our line of the sand on SpaceX, I think it's 135. If it somehow gets there, it's worth a bid off that Gavin Baker Cerebrus discussion. I like that just that take that there is this social contract between the bankers and the funds that they Are not supposed to lose sale price, and if it loses deal price, then we're rage selling it. It's allegedly it's what happened to Cerebrus. Blackberry is 150. Rocket Lab, that is up 2.28%. Um, Oracle, that's up two and a half. Strong day from Oracle. NVIDIA is struggling with the rest of the mags. You don't really love to see that. My take on the SpaceX, by the way, is that it's not gonna go, it's they're not gonna let it get lost. They're not gonna lose it. 135, but we'll see. Tesla, that's down half a percent and struggling. Had a couple ugly days back to back on Tesla. Look at this. If you're red today, being red today is not great, I think. A lot of these names. Um, SPC, it's up one percent, red wire is up one percent, Apple as well. Wow, look at that candle. Uh, we're now five minutes in into our second five-minute candle the day. Gap down to 308, down about a percent. Cloudflare's had a couple good days back to back, Google down one and a half. Uh fighting though, everything mags is is red, is red. Amazon's at 1.3, Microsoft is down two. Um, IBM hit a big gap down. No, I am not an IBM. I sold 294 before I went on vacation. Um, it was a good trade though, my IBM trade. I entered, it actually played out. This was my trade. Um, I entered right here, invalidation at 241 and TP at 304. I ended up TPing on Friday or like Thursday night at about 290, give or take. Um, it actually hit my TP. It went above it, and then I wasn't in anymore to sell. But IBM was a really cool one. That was, if you remember, that was Quantum Day. They come out and they're the you know, everyone in the White House is ripping quantum, quantum, quantum. I said, Fuck it. I'm IBM CEOs is at the White House. I'm bidding. Um, I'm bidding. And Salesforce is down three and a half. Here we go. Look at Micron. Look at that really strong candle. Where's Sandisk? Did I skip Sandis? How did I skip Sandisk? Where's Sandis? Guys, that's up six percent as well. Um, all right, on our other list. Let's go, let's go. Mara is biggest gainer. Core Reef, that's up three and a half enhanced games. Um, Nebius, not a good open for Nebius. It's still up 2.7, but we were as high as 229 in the pre. Kind of losing it a little bit open door. Um, Eli Lilly looks strong. That's up a percent. Let's see the high time frame on Lily. I love you. I want to read a tweet that I fucking love. The internet took off thanks to porn. Similarly, consumer biotech will take off thanks to the pursuit of stronger erections, more hair, and bigger muscles. Worth getting acquainted with the science. Eli Lilly. I love it. I love the Eli Lilly thesis. I think it's a uh I think it is a decade-long trade if you were able to sit in it for that long. Um, SoFi is flat, IBKR is up to AMC. What the fuck? I'm not in this anymore, but what a candle to start the day on AMC. I guess I had a good close yesterday as well. That is basically flat. Um, MSTR is up one. Wendy's flat. Take two interactive. That's gonna be a fun one to watch. Who's in take two? Just wavy80. I believe this is going to be a fun one to follow. Um, D Nap, thanks for the gifted subs. This is up 0.2. Um, butterfly chipmaker for mid-journey. That's up 0.6. Roblox is down. Robin Hood is green, 113. And man, I like Robin Hood, guys. I guess I'm late to the party, but I like Robin Hood. I don't know. I don't know. Um, eBay, that's down 0.3, JME down 0.2, Hems down 0.6. But on this looks maxing internet porn thing thesis. Um, people down 0.2 IGV with a nice wow. Well, what's leading IGV? What what's leading IGV? What what is what's leading this? Palantir? No, what's on four? What's leading this? K Heinick said to guide an offering price 3.1% above Korea close. That's bullish memory. Fuck. Circle down 2.6. Nike, don't even ask the question. It is obviously red. Write it down 1.3, coinbase down 1.3, snapshot down one, Lululemon down 1.5. I have a Lulu. What did I read from Lululemon today? I read Lululemon product assortment is looking assortment is looking better. Jeffries says they have a Jeffries analyst walking around Lululemon looking at the products. Oil, they're cliffing it. Let's check in on our meme coins real quick. Um, Ansom 335 and Cashcat Robin Hood 100 mil. Impressive, man. I the fuck I'm obsessed with meme coins right now. It's all I can think about is meme coins right now. European Parliament passes chat control proposing allowing private messages to be monitored. Brutal. Um, they're gonna pass something to allow you to read to make your AI chat logs public. That's gonna be next. Of course, just like your Google searches are, just like your messages are. If they can do messages, you should go up on that. It won't, but it should, but it won't, but it should, but it won't. Thank you for the tweet. Um, all right, where are we on crypto? Bitcoin 63, nice! How about it, man? How fucking about it? How about it? Gold up 1.2, silver up three. Just remind me, my wife got Starbucks in the fridge. LFG, I got you. Solana 78? How about it, man? Hyperliquid 68, lighter, that's up five, BVV up 1.3. Um, we could do a super quick war and oil check-in. There's one clip worth watching, it's the only clip I want to watch.

SPEAKER_01 27:36

No, I'm number one on the kill list for Ron. They're lovely people. I'm number one. So I don't know. I can't tell you that, but I don't really care because I'm doing my job and I'm doing it, I hope, better than anybody's ever done it. Because we have a country that's hot, really, really successful. But I mentioned it only because it's on the list. I mean, it came out. There was another list that came out yesterday, and I'm I'm number one on I like being number one on TikTok better. I'm number one on the list for uh for killing.

SPEAKER_04 28:06

It's our president, man. Leader of the free world, Donnie J. And yeah, complete nothing else. Nothing. There's yeah, there's nothing else. Warren oil. It's down today. I I uh you will have to grab me by the I don't even know. Grab me and force me to care about oil price at this stage because there's just nothing you can do to get me there as it relates to oil. Uh I really don't believe that there is anything you can do. I have a couple tweets, a couple takes, and I will talk about crypto. Ryan Watkins number one. Bubbles can be good for new industries, and the meme coin bubble from 23 to 25 was just that. Meme coins onboarded an enormous amount of new users, stress tested chains like Solana and Bass, and funded a ton of valuable trading infrastructure in the eco. But now we're in 26 and the bubble popped long ago. Insider trading, bundling, and bots ruin what was once a fair game. What's left is a shrinking pool of fish chasing past highs they will never reach while sharps extract the remaining money. The same thing happened on Ethereum twice. First from 17 to 18 with ICOs, and then 2020 to 2022 with yield farming. At a certain point, the game gets figured out and the edge gets competed away. The thesis becomes stale and people stop playing. Meme coins may ultimately have a place in crypt the crypto economy long term. If someone can find a way to make them fair again, they can survive as an on-chain native casino game, or better yet, evolve into something new like creator coins. In any case, speculation will continue on and speculators will continue searching for an outlet. But the point is that any chain looking for a spark will need to look beyond. Growth is found on the frontier, not in the echoes of the last cycle. That's number one. Number two is an Ansim post. It's kind of long, but I want to read it. Watkins is great. Friend of the stream. He's been on many times. Really sharp guy, nailed hype. CT has to understand that we drive the early stages of all bull runs. Coinbase has 100 million retail users, and base never overtook Solana with their on-chain activity. Good point. Uh, here's his X here.

unknown 29:57

Here.

SPEAKER_04 29:58

Not even close. There's a lot more work to be done than just having distro with a lot of retail accounts. The people with serious size on-chain blasting new narratives early are crypto native participants. The people establishing which narratives dev should be focusing on for the upcoming cycle are crypto native participants. The people with serious size deploying 10 mil into coins in the multi-billions are crypto native participants. What you really need to figure out is how to tap into the large pool of latent capital external to crypto who want exposure to the asset class as they are not early, but they are the ones who raise ceilings. Ethereum achieves this, Solana achieved this, hyperliquid achieved this, other novel coins will achieve this. This cycle. Just because I love this video.

SPEAKER_03 31:26

You don't have to say which one, but have you like fired on a meme coin?

SPEAKER_07 31:29

I have some meme coin exposure. Yeah, yeah.

SPEAKER_04 31:32

I mean, um uh have you ever fired on a meme coin?

SPEAKER_07 31:36

Yeah, I I won't I won't recommend my favorite one because anytime I do that I get a little bit of uh I get a little bit of uh of grief from pretty much the fans of all the other coins. I love all of my all of my meme children equally. What makes you like want to get a meme coin? If I really believe in the community behind it. Yeah. Yeah. I mean, um there's a lot of I think a lot of people are flippant about meme coins and they're like, what's the point of this? But I think if the other guy's John Shahiti. If you actually look at what's happening here, you have uh someone with the the ability and the power to create an asset that trades 24-7 globally, gets billions of dollars of liquidity in five minutes or less. It's a huge capital markets innovation. I mean, compare that to what it looks like to IPO a company. You have to spend a year and tens of millions of dollars and work with like teams of lawyers. And by the way, it's still only available uh in the US on a limited set of exchanges, you know, primarily during East Coast working hours. So I think like if we combine these two things, it it becomes really interesting. And and that's where I think Robin Hood's focus is on crypto. It it's not actually the pure crypto technology, it's the intersection. How how can we apply crypto technology to trading and holding assets that have fundamental utility that people really care about?

SPEAKER_04 33:06

Is that so the clip is old, by the way? The clip is old, and then there's just like one more tweet on this, which is that kind of crazy how ultimately everyone capitulates to the culture. This dude nuke Solana off his app at the store at the stone cold bottom of the bear market. Now we are here. I was just all right, I sold the cat. I sold the cat first of all. I sold the cat, I'm not in it anymore. Um, I actually it looks surprisingly good. I thought it'd be dead by now. And some as well is 320. I sold the cat, so take that at face value. I'm I'm out of the cat. But I just had this conversation this morning and I was just thinking about it, and I'm just like, I'm kind of obsessed with meme coins right now. And I just was sitting here and I'm thinking about this QWERTY tweet. I'm thinking about this QWERTY tweet where everyone capitulates to the culture, and I don't know what it is or why it works this way or how it works. I feel as if every human, every trader across every market has this barrel, like rabid desire to participate in the meme coin game at some level. And I thought it would be done after like 2021 with NFTs, and we did some like meme stuff. I really thought it was gonna be done for good after the summer of 2024. Then they brought back AI coins and Trump, and I thought for absolute certain it was gonna be done for good after this summer, like it was over this site after 2026. It was done. There was no coming back for any of this. And then Robinhood launches the chain, they launch a coin that is marginally interesting. I mean, like minimally interesting with Vlad follows it, fine, like and I am pulling my hair out and have ready to have a fucking panic attack because I can't get enough size in this thing quick enough. I can't bridge, it's not working. I need it right now. And I I just watched as like, even you know, no call out, tulip king is you know, fuck this meme coin shit. And then three days later, you know what? Ansome coin, not bad, unprompted, did it on his own. Ansome coin not bad. And I just think that there is this, I don't know how it works or why it works, but there is this, you know, Jordy Alexander had this good clip that you know, under the mortar, there's this this boiling and coiling of energy, and it's under the surface, and as it like coils and coils and coils and coils and coils, eventually it needs to fucking release itself into the world, and it like blasts all at once, channeled through this tunnel vision form expression of a meme coin. And I am just convinced that they're never going away, and they may never return to full glory the way that they once were, and the way that they were the only game. But I mean, I watched people make a million dollars on five figures or four on four figures on cash cat. Watch people make a million dollars on four figures, five figures of cash cat, and there's just nowhere else you can do that, even if there's scammy and they're bundly and there's insider trader, there's you know garbage happening everywhere. It is just the cleanest form, it's maybe the cleanest form of gambling, like it just is so good. I don't have much to add to this discussion, really. That was my ad that I just like meme coins. I had more fun two days ago trading cash cat than I've had in a long time, and I don't hold it anymore, and I never bought Ansom. It's not even about that, man. It's not about that. I I and by the way, this is probably it. I'm just gonna be honest. The Ansom goes to 200 mil, cash goes to 30 mil. We're probably done again. That was probably the meme cycle. Two coins for like a week. Um, I will continue to hate on memes, and I'll continue to say that they're mostly stupid and that most of these coins people like really suck. But when it's time, it's time. You can't fight the you can't fight the trend. When it's time, it's time. When it's time for memes, it is time, and I will I'm ready. But all right, I gotta go! I gotta fly, I'm gonna miss it. I'm out! I'll see you on Monday. I will catch you what I have. Fuck I'll see you. Bye, bye bye bye.