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The gang talks hacks, ZCash, and Air Fryers.
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Yeah, it’s a Bitcoin podcast. The only one that’s making your money you listening to the Bitcoin market. So hold on to the Bitcoin. >> Everybody, we’re back. We’re back with another episode of the Bitcoin podcast. I’m the host that talks first, D. >> And I’m the host that talks third, Jesse. >> Yeah. Yep. Corey could not make it. Uh he said that he had to get some warts frozen off of his inner inner legs. And so we let him go ahead and do that. Uh we said, “Hey man, that’s a lot more important than talking about crypto. You’re going to have to go get that taken care of and maybe even get it looked at.” So Corey’s taking the day off from recording. So if you guys could please hold him in your prayers and your best wishes because I know that cannot be a painless situation. So, welcome to season 2, episode 8. If you missed the first 400 episodes of season 1, you can catch them on the on the website, the bitcoinpodcast.com. Let’s get you caught up on on Bitcoin. >> Do we have the latest >> on crypto? Actually, >> is it live? >> Uh, I think it’s live. I’m not sure. It could be live there. Anything is possible. I mean, it’s >> it went from Yeah, I’m sure it’s live to I don’t know. Maybe. Let’s hope so. Anything is anything is possible in 2025. Um, yeah. So, uh, I don’t know, Jesse, how was your week, man? >> My week’s been hectic, but in a good way. >> Give me one thing that happened that you consider to be hectic. Like, >> um, speaking with a lot of VCs lately. >> Oh, yeah. They’re panhandling. >> Yep. panhandling to fund raise for Archavist. >> Yeah. How much of the tech world is Hey, can you guys give me some money? Like how how much is how much of the tech world is that? >> Uh I think most of it, right? Ever since first startups in California. >> Is it a steady cycle of like um all right guys, let’s build something real quick. Like make it the bad the best we could do. make it badass. Yeah. Yeah. Yeah. Build, build, build, build build. And it’s like, hey, can you give us some money >> for the thing we >> wonder? >> Well, some people, right? Like, >> like, didn’t Microsoft start in like a garage or something? >> Uh, I think most of them have that story at this point. It’s pretty it’s pretty legendary. Uh, stamp copy pasta story. >> Even the newer ones like uh Almer, >> I started in my parents’ bedroom. Hey. >> Hey. Well, yeah. You know Palmer Lucky? >> Who? Oh, yeah. The the guy who li loves war. >> Yeah. >> What kind of name is Palmer? >> Making a VR headset. >> Yeah. >> His bedroom or something. >> Yeah. So, if you guys are wondering what you’re looking at, we’re actually sponsored by this World of Warcraft um knockoff game that Jesse’s playing right now. >> We are not sponsored by this game. and and they have paid us to stream it while we play. And uh what’s the name of this game? W World of Warcraft. Great value World of Warcraft. >> Yeah, Great Value. Kirkland. Uh >> first of all, Kirkland signature is nothing to around with my s my concern. But like Great Value World of Warcraft is what Jesse’s playing right now. You can see his cool downs. >> Great Value Teimu. Yeah, team of World of Warcraft. >> Um, so anyways, let’s get into some crypto things. Um, you know, Coinbase is talking dividends, >> are they? >> You know that? >> Yeah, they’re talking about giving spamming dividends to the holders of their >> They should give something. Actually, that’s not crypto at all. almost a decade. >> Say what? >> No, no, no, no. Say that again. They they should give us some money back for taking all the air drops for more than a decade. >> Say that again for the people I did here in the back. >> I’ll say Coinbase is hoarding a lot of people’s money and they they’re just hoping everyone forgets about it. There’s like >> Yeah. >> Oh snaps. So all these people have thousands of dollars, maybe tens of thousands of dollars of like forks and airdrops and everything else, and they’re just like, “Yeah, yeah, we’re just going to hold on to that terms and conditions, baby. You signed them.” But anyways, uh Oh, what’s this boss called? That looks kind of neat. >> Uh Godfall Titan. >> No, that don’t look like a Titan. That just look like a regular old bad guy. >> Oh my god. Oh, we’re good. >> Get out of the circle, dude. Come on. How many How many times you How many games you played in your life? You were in the circle. But get out of that thing. Get out of the way. There you go. >> I couldn’t move. I was feared. You know what a CC is? >> When you can’t do anything. >> Okay. Sorry. We’re supposed to be talking crypto. So, uh, yeah. I mean, Coinbase is kind of like the pioneer of crypto when it comes to like custodial things and they’re doing what they’re doing. They finally went full circle when they were like, “Hey, we’re not going to do any of that crazy crypto stuff.” And then they launched like this this is full web 3 wallet functionality inside of Coinbase now. So you have access to DGEN as much as humanly possible if you want to. So Coinbase has gone full circle. Um they’ll probably go full circle and a half cuz there’s no stopping the degeneracy of crypto. I feel like just when things start to normalize there’s a new DGEN path to take. I don’t know. Maybe that’s just my gut, but I don’t know. Do you like Is that what it feels like to you too, Jesse? Are you like Are you numb to it all now? >> I’m numb to it all. >> Yeah. Yeah. >> I mean, how about how do you feel, Ken? >> Are you numb to it all? You’ve been in this thing for as long as we have. Dude, it is so bad. Like, first Coinbase is like, “Yeah, we’re so, you know, centralized with the uh the ethos of Bitcoin and Ethereum.” And then all of a sudden they’re like, “Hey, by the way, uh, you know, we’re never going to do any crypto stuff, right?” And then Nike said they did the wallet and they’re like, “Uh, yeah, we’re really aligned with Ethereum. We want to make sure that their roadmap comes to completion, you know, like we believe in Ethereum.” And they’re like, “By the way, here’s Bass.” >> I’m like, “Yo, >> by the way, his face.” >> Yeah. >> And And you know, like I’m so tired of the L2, L3, L4, L whatever, dude. Like, and they griff so hard, bro. Like, just the hand rubby freaking nonsense. Like, it’s just so weird, bro. Like why do we need so many different layers to quote unquote benefit the execution of Ethereum? None of it helps. Like I just I I don’t I don’t know. I I can’t >> The K is spitting right now. >> I can’t I can’t get behind it, man. Like I just >> The is spitting right now. Jesse, fix your camera. It’s all It’s all blurry. >> And then like you said with the airdrops, right? >> It autofocuses. Yeah. Stop being a blurry individual. You got to be clear. But yes, I’m with you, Ken. Ken, you’re spitting right now. Like, crypto never fails in increasing the difficulty level so that only smaller and smaller portions of individuals get reign into the benefit. And I don’t know when that became the ethos of it all. It wasn’t the ethos when Bitcoin started, >> right? Bitcoin is like, >> yeah, >> go ahead. Go ahead. >> I’m I’m very curious. How much money have they taken from claiming airdrops on behalf of the users without like because like you know how they offiscate addresses and like you get randomized ones once in a while and all a sudden nonsense. >> I wonder how many airdrops that they’ve claimed on behalf of user funds or if they have at all. Maybe they haven’t. Maybe they’re just like ah we’re not into that. But I mean I don’t know. I know probably Binance has done that. I mean, I so I wonder what what what exchanges out of everybody has been able to just like re their users for their airdrops. I wonder if that’s even been talked about because it was mentioned briefly in like 2022 and then everybody’s just like ah whatever. They say they’re not claiming it. They say they’re not doing anything. So be it. So I think another question that that that brings up like you know some curiosity is what is there are there exchanges out there that give the airdrops to their users like is there an exchange >> Binance? So, Binance does give >> Binance does that. >> Binance. >> Yeah. I don’t think right off the right off the jump. >> Never mind. >> Like >> I think that’s something that changed like in like a rewards distribution when they like kind of uh list these tokens, right? like it’s it’s always aligned with Binance, but like if I’m in a like random L5 airdrop that’s not supported by Binance, then like I’m not getting that claim reward redeemed or whatever you want to say. >> Ah man, I wish I was just uber wealthy already so I could just make a stable coin and then just Superman three myself into oblivion just >> so easy. >> What does that mean? to Superman 3. >> I don’t know, man. I just saw something pop up on my little newsfeed over here. Tether made $10 billion in the first nine months of this year. And I’m like, how does a stable coin make 10 billion? Like, how’s that work, right? How is you supposed to be just a onetoone peg of the US dollar? Like, you’re just helping people trade, right? But they’re just getting their people, you know, they’re getting that little percentage on that little exchange, that little transaction fee. So, that Superman 3ing, by the way, Jesse is the younger of the crowd here. So Superman 3, we’re talking like old school Superman, 80s Superman, 70s Superman, not like this new weird stuff going on, but like >> I would have thought office space was also another appropriate one. >> Yeah, but I think I think Yeah, office. Okay. Well, office their office spacing, right? Like like I feel like that’s the only viable crypto strategy is like, hey, how do we wrap some stuff around office spacing? Like really we’re trying to get at that transaction fee, but here’s a whole bunch of things that users have to do to get at that transaction fee, right? And the least steps between user and office spacing is the viable crypto strategy. >> I’m going to take that silence as agreeance. >> It is. It’s just sad because they could just be using Postgress. >> Postgress like Postgress. Postgress. >> Yeah. Lay out Postgress. >> Well, I don’t know. I I’m sure that if Dr. Petty were, he would disagree with this, but he’s not. So, he gets to while out. We can say whatever. So, it’s time to do a health check, a sanity check. Bitcoin offered up a blueprint for a more reliable financial system, right? That’s what we all were like a excited about that. Are we any closer to that or are we further away than we’ve ever been? You’re blurry in. I don’t I don’t think we’re close to that anymore, right? Everything’s fragmenting. It’s a bunch of stable coins. Everything’s kind of, you know, fracturing. >> Did you break? I heard it break up. Was he breaking up? >> Would you agree? >> Yeah, you’re breaking up a little bit. >> It’s cuz he’s playing that Teimu World of Warcraft and not locked into the conversation. >> What does your character even do? Is it a rogue? Is that why you’re shooting all those arrows? >> He’s a tank. >> No, no, no. That’s not me. I’m a tank. Yeah. Oh, okay. Oh, that’s why you’re locked in. You’re playing tank. >> You should have played DPS so you can join the conversation. >> I don’t have a DPS. I only have a tank. >> We better get paid for this, dude. Fat stacks for what’s going on right now. >> Anyways, yeah, I mean, I don’t think we’re any closer to that that financial system that Bitcoin offered up. I don’t think some sometimes I think it’s not even possible. Like I feel like a lot of my conversations with people nowadays are very cynical. They didn’t used to be. >> Um but like I I don’t think it’s possible to get that many people bought into a new currency system that benefits people in a very um I don’t know. I don’t want to say dem is de democratic the right word? I don’t think that’s the right word. that benefits everyone all at the same time greatly, right? I feel like there’s always going to be a select few individuals that like really buy in and they just end up leading the rest. >> Yeah, >> I’m a I’m going to be a little contrarian here in that sense. Um, >> okay. >> I think it’s very institutionalized. I mean, the benefit that you’re speaking is price action, right? because people are going to benefit, you know, whatever the case may be. And that that’s led from an adoption perspective of people like getting onboarded through, you know, this sort of price action and being able to see incremental gains like a stock, right? So, I think we’re we’re nearing the peak of what actual Bitcoin adoption looks like. Is it a commoditized stock now in a near sense? as far as like, you know, everybody recognizes it. Institutions have adopted it. You know, it’s damn near endorsed by the White House and many other governments. Um, yeah, I think we’re we’re we’re pretty much almost there. Um, so I think that what you’re wanting for other people may be insane PA that will benefit them long term in that perspective because the commoditized asset version of like, oh, hey, you know, it’s peer-to-peer, it’s accepted in stores, it’s this, it’s that, um, you know, it’s borderless. Like, yeah, that’s already it’s already there. So, I mean, like, what other benefit are you seeing to occur outside of price action for more adoption, you know, like I’m trying to wrap my head around that one? >> Uh, let’s see. It’s just not as cool as I thought it was going to be in my like I was like, oh, decentralized currency system. That means that like we’re all going to have these like cool like little cards with quote unquote credits on them, Bitcoin credits or whatever and we’re going to be spending money like it’s, you know, >> future time maybe. Yeah. And I feel like we are there. Honestly, I do pay for things with my watch when I’m around which is kind of neat and futuristic, >> but still that’s just the that’s the bank, right? That’s that’s Apple and the bank spanking hard. We’re just reinventing the bank. >> Yeah. Yeah. I guess that’s what it is. I guess I should be grateful that we were at least right that Bitcoin would be the best thing ever. And it is. I mean, quite honestly, it’s it’s life-changing is what it is. But anyways, we’re going to stop and pause for the cause for a sec. Let you guys soak in what Jesse’s doing there. I’ve never seen tanking so good in my life. It’s actually quite satisfying to see, to tell you the truth. Like look at what look at this. He’s got all the aggro. For those of you new to video games, like what Jesse’s doing right now there, >> that’s next level stuff right there. You You just don’t learn that overnight. >> Jesse, are you slowing all this? >> He is locked in right now. Look at this guy right here. He goes, >> I feel like he has no team. I feel like it’s just him. No, >> the team was there. All right, pause for the pause for the cause here. Pause for the cause. So, I don’t know what else is going on in your world, Jess. Like, what besides looking at VCs, you know, and trying to court VCs? Is it Do you court them? Is that what you’re doing, >> getting introduced to them? >> Like a courting? >> Yeah. What do you mean? >> Oh, I didn’t >> just talk to people. Oh, like No, like I just meant like online or like you’re flying to meet people like you’re you’re meeting them in person. You’re, you know, shaking hands, kissing babies. >> Yeah. Yeah. No, not that. It will be that at some point, but not right now. >> Oh, oops. I accident put you in there. There we go. Okay. Okay. >> I mean, are you excited? Like, are people like picking up what you’re putting down? like give us some can you give us any juice or >> Yeah, we’re speaking with uh several VCs and uh uh it’s looking like we’ll have some offers soon. >> Jesse, do you go to events? >> Uh yeah, I have a whole bunch of those badges from all those events. >> Nice. >> Yeah. Yep. >> You gotta go to dev you got to go to Dev Connect. That’s uh next month >> in Argentina. Yeah. November 17 to 21st. >> Yeah. Demetri is >> gonna go there’ll >> be nice. Nice. >> He’s gonna go meet up with one of the VCs we were talking with. >> That’s dope. >> Yeah. >> So, I am seeing this new narrative pop up of people trying to start crypto banks and it’s like so ironic to me, so hilarious. Like this whole thing started with like kill the banks. We don’t need banks. Debbank everything. You can be bankless if you will. And now these superw wealths have got in the game and they’re like, “Oh, I could Superman 3 this.” And they’re like, “You know what we should do to like go max Superman 3? We should Oh, sorry. We already established that the actual term is office spacing.” So, they’re like, “We should make a crypto bank.” We should make a crypto. >> What’s the name of one of the crypto banks that you’re talking about? >> Uh, I think it’s called Custodia. >> Okay. >> Custodia is one of them. It’s like >> Interesting. >> Yeah. It’s It’s like It’s like people have even just given up on like, “Yeah, people aren’t going to custody their own crypto.” Like, people don’t want that. They don’t want that smoke. And it’s like, oh my goodness, we should have seen this coming. We should have seen all of this coming. I don’t know why it was such a tall order that I would have my auntie having a ledger and knowing how to use a ledger. I don’t know why I thought that was a reality that would exist, but we did. We did think that was a reality that would exist 10 years ago. Um, anyways, do you guys know anything about real world assets? >> Yeah, a ton. >> Okay. Okay. Okay. So, how do you do it? Like, okay, let’s break it down. I know we probably talked about this like many many moons ago and I wasn’t sold on it like five years ago, but I’m kind of sold on it now. Okay, say I got a house, right? >> Mhm. >> And I want to tokenize the house. I want to say like, hey, I want this house to be worth 1 million house tokens of whatever that house is. What is the point of that? Wait for I have three questions. How do you do it? What’s the point of it? And how does it benefit the people to buy house tokens? >> Okay. >> Go to Lofty. It pays you a percentage of the rent. >> Yeah. >> Okay. You guys both talked at the same time. I don’t think a single question was answered, but we’re going to run it back. How do you do it? What’s the What is the the gain of it? And what benefits the people to hold House token? >> Go ahead, Ken. >> So, yeah. Um, I would say first of all, is the loan paid off? >> No. Let’s say there is currently a loan on the house. >> Man, why do you got to make it so hard? Um, >> okay. Okay. Let’s make it easy then. Let’s make it easy then. This property that’s already owned. >> Yeah. No loan on house. >> You put the title on a DLT. You, um, essentially, you know, find some escrow where you’re able to have an issuing token under the underlying asset, right? based off of proof of ownership and then if you’re renting it out kind of like what we talked about earlier on you know I think it was Friday if I’m not mistaken uh with what you’re doing like if you imagine like distributing those those fees right that you’re collecting >> and it’s coming back from a third party you rake in those uh quoteunquote token fees of people trying to maybe like you you tag like a 05% of people like trying to get involved with it. So they’re paying a little bit higher on the narrative and um so you know they’re betting on the success of these the renting and you know the frequency of like the value of this uh underlying asset and then you’re basically raking in as the the ledger in that aspect of these fees. Um so at least that’s my understanding of how putting a house on the blockchain would work. Um, there’s a lot of different platforms that do it already, like uh I think Jesse mentioned one of them already. Um, but yeah, I mean there’s there’s pretty interesting ways to go about it. Why I think it’s cool, um, yeah, I I don’t I don’t think putting a house on the blockchain is all that great, but I do like like decentralizing stocks. That’s pretty cool. Um, yeah. What about you, Jesse? What do you think? Um, I don’t know how they coordinate maintenance. So, I think I’ve seen two models. One where all people kind of share it like a time share and then another model where they can rent it out and it’s a business and they get a percentage of the profits. But I wonder what’s the how is the part where you have turnover of tenants if it’s a rented uh building and how do they how do they navigate cleaning and all the logistics of turning over a building from renter to renter like that can’t be decentralized. the company who has the platform I would imagine is doing that and it’s not really decentralized. >> Yeah. Comes off very hand wavy. Um, and it just doesn’t it doesn’t really scale because like now then you have this conversation of like well the guy who has 20% ownership should be calling you know these these cleaners and all these other things like like what what defines those logistics is very very interesting. >> That’s that’s the thing I can’t get past is like if I had a house and I I own the house and I’m renting this house out. I’m making like I don’t know crazy loot on the house, right? Do why would I now take money out of my pocket because I’m getting 100% of that rent, right? Why would I then say, you know what I’m going to do? Distribute that rent to people that hold a token that represents ownership of a home that I already owned, right? Like I I don’t know. I I guess I need someone to explain it to me with like Dr. Seuss pictures because it’s like if I’m renting out a house and I’m making 5,000 6,000 a month, right? And I own all of that 5,000 that revenue is in my pocket. What will be the benefit of tokenizing the equity in that home? Or do you tokenize the equity? Do you tokenize? You know what I mean? Like I’m trying to to talk it out loud and it doesn’t seem like it’s making sense >> from like a sole ownership perspective. Yeah, it doesn’t make sense. But let’s say you got like a loan on it and then like you’re distributing a token for X equity and now you’re raking in like 5% premium. Now it’s kind of like paying itself based off of distributor costs. Oh, so like take, hey, I I’m I want I’m willing to give away 10% of the equity in this house. I’m going to tokenize that 10%. And then when people buy that token, >> they own a fraction of the 10%. >> Something like that. Like that that could work that way, too. >> I mean, but we haven’t we’ve seen this attempted a lot. Never scales. So, I don’t know. I I mean, I don’t I have not seen a platform to date, and I could be wrong. There might be one out there in some niche circle, maybe on Polygon somewhere or something, um that’s actually scaling, but like I have not seen this run successfully. And like I think you’ve even had guests on the podcast like in like 2018 who were trying to do this. >> Yeah, we have. And that’s why it’s like it’s still it’s still like So fuzzy to me after all all these years it still doesn’t seem like it makes a lot of sense. Like to me it’s like REITs, right? What are those called? Real estate investment trust. >> Real estate investment. Yeah. >> And it’s like that. But if if you’re going to do a real estate investment trust, then just do a real estate investment trust. Why do you want the extra crypto steps? Like to be frothy on the top >> market. Little crypto fro throw a little crypto froth on the top, baby. >> Sorry, that doesn’t make any sense. But it could make sense to somebody. Let’s throw a little crypto froth on the top, baby. >> Um, I don’t know. >> I mean, Jesse, would you tokenize the alleged virtual assets that you own? >> Would you tokenize them? And then, >> of course, they are already kind of tokenized though. >> But like, how do you benefit from that? How is your >> Where’s your path to office spacing? By tokenizing your assets that you own. >> My path to office spacing. I can’t truncate the balance of everybody’s account and put the nominally nominally small amount of pennies that I’m stealing essentially into an account. There’s nothing like that that I can think of. >> Pause. I’m severely distracted by what you’re doing in this game. Are you running laps right now? What? What do you What What is happening? I’ve seen you jump on these hills like 80 times in the past five minutes. What’s happening? >> Yeah, actually trying to make this jump. >> Can’t make it consistent. >> Does this have anything to do with playing the game or are you just like in a lobby? >> No, this is the stronghold. This is the lobby. If I if I play the game, I’ll pay even less attention. >> Okay. All right. So, yeah. Lock in. Oh, Did you just join a match? >> Yeah, because you goated me into >> That’s not what the plan was. I was just asking what you what I was just asking you what you were doing in the game. I wasn’t goating you in anything. >> I don’t even know what goating means. I’m pretty sure it means like uh >> like >> means baiting. >> Baiting you in there. Um >> Yep. Ah, so we lost Jesse, Kim. We’ve lost Jesse for about five minutes while he runs through this team dungeon real quick trying to get crowd control. But >> I still I still feel like he’s soloing the whole time. Like >> I do too. Like are you matchmaking with randos or is it just you in this dungeon >> playing with randos? >> When the thing turns blue, do they mean they’re aggro on you or >> like like look at that. Everybody’s just fighting him. Where the hell is his team? >> No, they’re back there, I think. a mob. There’s like one here. There’s one here. >> See, this is the thing about these kinds of games I don’t necessarily get is like, how do you focus? There’s so much crap happening on the screen. >> Interrupted. Look, interrupted. Wait, that one didn’t interrupt. >> Yeah. I don’t know. >> See, I just I just see like one guy throwing a Hell Mary from the back and landing. >> Back in the day when you played like Double Dragon, you didn’t need to see their health bars. You just knew you were winning because the bad guys were dying. You know what I mean? Dying. You can see them dying. >> Yeah, I know. But why do you need to see their health bars? Like just beat them up like that. It looks like you’re beating them up. Like double dragon. You just beat just blah blah blah blah blah blah blah. You just go beat them up and then they die. >> Yeah, we are beating them up. But there are specific abilities that they have that can completely destroy a single person on the team. So you have to >> That’s why you have to see their health health bars. That’s why you have to see the actions that they’re casting as well as their health bar because there’s certain ones you have to focus down and if you don’t kill them then you will wipe. So there’s a there’s a reason >> it feels it feels wrinkle brain but smooth at the same time. It feels like a it feels >> in there. It’s a combination. >> Why don’t you try the game and then you’ll understand. >> I >> you should go on a raid with him. It feels like a game. >> You’ll love it. >> You could be the guy throwing You could be the guy throwing the helmet. >> You know what? You might >> background. >> I play like Marvel Rivals. Like I don’t know. It seems like it’s not the same. It seems like very different action sets. >> Uh it’s it’s it’s WD to move. You got a bunch of abilities. There you go. It’s a similar Oh >> Oh >> What happened, dude? You gota you gota lock. >> I just jumped off the map. >> You gotta lock in, brother. You gota lock in. >> Just casually walk off. >> We’re supposed to be talking about crypto. You know what I’ve always felt sorry for over the la last 10 years of doing this and that’s everyone that tunes into our show thinking that we’re going to give them like tips like we’re going to give them inside juice on on crypto like what to invest in next, what to buy. It’s like no, this is not that type of show. We really just ham it up and we talk about different things in crypto that are interesting to us at the time. Like I think privacy to me gets interesting but also not interesting because I know it’s like fake. So it’s just like >> you know privacy is fake. >> Yeah. I mean it’s it’s not I think in this day and age if somebody wants to find you you’ll be found. I I think is, you know, >> and then like if you’re the one or if you’re the small group of people that can’t be found, they’re gonna find you just because it’s like a challenge. They’re going to be like, “Oh, here look at this person. They think they can’t be found.” And it’s very much like what’s that movie with Will Smith, Enemy of the State. Like I feel like that’s I feel like it’s been like that for a very long time. And they’re just like, “Oh, look at these guys playing these cute privacy games. Look at them. Look at them go.” and they don’t really lean in until they need something or want to screw something up. I don’t know. Just feels. But anyways, we’re talking about privacy because Zcash is like blowing up like price-wise cuz uh you know when people do a bunch of trades and they don’t want to let people know what they’re going to do with the money, they, you know, shield it in a Zcash transaction and then Zcash’s demand spikes up real quick because, you know, there’s not so much Zcash out there. So you got to buy some Zcash. You got to shield it. You got to send it somewhere. Then you got to unshield it or whatever and you got to, you know, then put the money where you want it. So I think if you’re, you know, I think if you’re making money moves and you really don’t want people to know, then privacy is kind of cool. But I think people are still going to find out. People talk, you know what I mean? >> I have a question. >> Yeah. >> You guys have been a part of a lot of market cycles at this point. >> Yeah. Yeah. Have you Have you noticed what pumps last? >> My wallet. I’m just kidding. >> What pumps last? >> Yeah. Yeah. There’s always trends. There’s always different segments. >> No, I’ve never actually thought about it. Quite honestly, I’ve never thought about last. >> They pump last. >> They always pump last. And I think I think it’s because such a niche market where you know if you see this too the social narrative is very loud on privacy tokens right now. Why is that? I think it’s because it’s an easy kind of narrative to pump. It’s an easy thing to kind of work with. And on top of that, it’s a such a smaller market cap that like if you just get like a hundred of your boys, 10 of them are loaded, and you guys like, “Yeah, little what’s the next thing we’re pumping.” And you’re like, “All right, Monero.” And then, you know, >> you get a decent narrative like, “Oh my god, Monero’s pumping. Here’s 10 reasons why Monero’s pumping.” And uh yeah, it’s just like it’s a rinse, wash, repeat cycle. I mean it’s for me I if if you see a constant narrative being chilled to you which if you go on like crypto Twitter especially right now you’ll see like 20 threads on privacy and it’s like wonder why >> yes >> it’s too s the final pump is is >> the final pump is literally >> sounds like the name of a porn movie. >> The final pump. the final like I think I guess what what pumps first Bitcoin, right? And then alts and then privacy tokens. >> Dang. Crypto in general is a three pump trump market. Oh my goodness. >> Dang. Crypto is the three pump trump market. You got a Bitcoin pumps, then alts pump, and then privacy coins pump. Crypto is a three pump chump. Now, as a married man, I’m also a three-p Trump, but there’s much different reasons why, you know, married men do what they do. Now, Jesse over here, he’s not wetted down yet. He’s he’s not a three pump. >> I just realized we’re live and uh we got comments. >> Yeah, I know. I threw up. >> I feel so bad. >> Sorry. Uh Le Mo, I hope I said that right. Lelay Mo. Le lay mak le lay mak just sounds like >> I say your name. Could you guys one more comment with like the phonetics of your name? Cuz it could either be lay mok or lay mak and um you know but anyways uh the question is how would tokenization for real world assets work? Would it be a onetoone contract to the asset or a single contract for all assets? What are your thoughts? I think you kind of heard some of our thoughts out loud and that it’s a nickname. You need to read it backwards. Cocoa Coco meal. Cocoal. Coco Melon. No, don’t. No. Cocoal. >> Cocolon. >> Coco. >> Yes. I guess that’s how it works. That’s That’s what we’re going to go with. Cook mail. Um, what are our thoughts? I mean, he kind of heard some of our thoughts out loud. Um, I could read it backwards. You didn’t need to type it, but I app I appreciate you, Coco Mill. He was like, “No, dude.” It’s like this. It’s like, “No, I’m trying to read it.” >> It’s co >> Spanish >> coconut and honey. Oh, wait. I feel like we had this convers. I’m having dja vu. Anyways, um we really don’t know how tokenizing real world assets work. We’re trying to think out loud like I don’t even know why I would want to tokenize a real world asset. Now, I think it’s really easy to see if we’re if I think the easiest real world asset to see tokenizing is stocks and securities, right? Because then, you know, as long as there is a blockchain of rules to be followed, you could then expose your assets to many many many many buyers across the globe, right? So, like right now, here’s an example. I for a minute thought that Kia was going to explode because they had very good like they have a very good suite of electric vehicles and I thought electric vehicles were going to take off here in the States. So, I was like, “Oh, let me be a smart guy. I want to invest in some Kia stock.” But then I do my research and it’s like, “Oh, Kia is like a Korean stock.” And then I’m like, “Well, how do I get my hands on some Korean stock?” And then I was like, “Rules, rules, rules, rules, rules, rules, rules, rules.” And I got distracted and I was like, “No, screw all that.” But if I were to tokenize like Kia stocks, right? And then, you know, make them accessible to the 16th decimal point through some, you know, peg action, a good pegging, you know, and then we’d be able to um buy that crypto stock or those representations of K, sorry, not crypto, Kia stock. buy those representations of Kia stock on like a blockchain and they would equivalate to some percentage of KIA stock. Like I was like that to me makes sense. Now how would that work? I think it would be like one contract owns all of those tokens, right? Does that make the most sense or does that not make the most sense? >> So you’re think of an index. So there’s like a controller contract and then there’s basically like an individual asset contract, right? Um, so I think like if you’re considering in that aspect, there’s going to be multiple contracts just to summarize all that. >> Um, but yeah, having like let’s say you’re you’re building like a decentralized NASDAQ, having that all under one contract is crazy work. Like can you imagine having like I don’t even know how that would fundamentally work from like a asset locking. >> It wouldn’t. I don’t think it would. >> Yeah. Yeah. Yeah. I mean, I’ve I’ve seen I’ve seen a DEX before that was all one contract, and I can’t disclose their name, but it was pretty freaking insane. This is like back in 2024, and they’re pretty big now, but um yeah, I don’t I don’t know how it works. I’m not going to lie to you. >> No, we we it’s it’s kind of hard to speculate on how it would work, uh Cook Meal, but um it’s interesting to see how it’s going to turn out. Now, I know it’s what kind of sucks though is that only the wealthiest, the wealthy are kind of trying to introduce it to the world. What I mean by that is literally Black Rockck is like, “Hey, we’re going to tokenize our fund and you can buy tokens of our fund that represent a partial ownership of the fund or a but you you kind of know how those entities work like they’ll like yeah, you own a fraction of a fraction of a type of fund.” Oh, oh, okay. Jupit says tokenizing real world assets can work two ways. One smart contract per asset. Great for real estate or art. Gives clear legal ownership but doesn’t scale well. That’s what that’s what um that’s what Ken was saying. It doesn’t scale. Or one shared contract for many assets like a ERC 1155. That’s what Jesse was saying. Better for commodities or invoices but cheaper but less legally isolated. Interesting. You’re dropping knowledge bombs on us. Thanks, chat. I’ve never been able to say that before because we typically don’t live stream, but thanks, chat. Appreciate you, Mr. uh Coco. Thank you, Coco. >> We need sound effects for this moment. Let’s throw some Let’s throw some hand claps in here for my guy. >> Some That’s the best. I’m an OG. >> See, OG nothing but OG’s listen to us. We need all of our OGs to come back. We had what around a thousand of you guys. >> Yeah. >> We need you guys to rally up. All the O all the We need like a call like all Bitcoin podcast. OG’s rally up. It is time. No. Um Okay. >> I have a question. When were you considering the Kia stock? >> Um, two years ago. >> Oh, man. You’d be a whopping 132% up. >> Yeah, >> you were right. You were right. >> When I’m right, that’s why I said I wish I were Uber wealthy already, bro. I’d be stacking, dude. I have ideas up here. They roll. I’m just like, dude, electric cars are going to take off here in the States. Now, do I think they’re taking off as vertical as they I thought they would? No. But the sheer fact that Cadillac has a 500 mile range car right now is a big big deal, right? And so I think it’s still going to take off. >> Pretty huge. They’re pretty huge here in California, New York, too. >> Um >> Yep. I had one. It was great. Now, it broke. The battery died. And they were like, “There’s no engineers in the States that can fix this.” And I was like, “Why would you guys sell something you can’t fix?” And they were like, >> “Well, why’d you buy something we can’t fix?” And I was like, “Oh my god.” >> But >> that’s funny. >> Um, anyways, thank you OG for that mega trap you hit us with earlier. Okay, so that’s how it’s done most times. Um, well, Jesse’s going both blurry in attention span and camera. So, we’re probably going to try to wrap this episode up. Uh, for those of you that couldn’t catch it live, of course, you’ll catch the recording on Spotify and, uh, it’ll be everywhere. Podcasts are enjoyed. Uh, we’re going to go ahead and wrap it up and do some shout outs. So, first things first, we got a shout out to old long neck wild smile Zoe Sana. Girl, I’ve been giving you shout outs for 10 straight years of my life. >> You haven’t heard a single one of them. >> Sorry to put me on, >> huh? They have people who do that forever and then they eventually meet those celebrities. I think maybe you’re doing it wrong. You should do it in shorts format rather than long form. Hey, I got for when you do that shout out, too. >> Okay. Well, shout out to Walmart and give away something. >> I don’t know how I’d react if I met her in real life at this point. >> She’s my cousin. No, >> I’ve been watching you ever since you did that fake ballet movie. And then I’ve also been watching you ever since you tried to do the H.B.CU step up challenge with Dick Cannon in Drumline. I appreciate everything that >> Drumland was a good movie. >> Uh Drum Line was a good movie. Um, now >> canon did really well. >> Back to the shout outs. I don’t know why these assets are in here, but I’m just going to click on them. Give a shout out to DoAat. Um, I don’t know. Why did we give shout outs to Doicat? Do you remember Jesse? That’s a Jesse thing. Jesse loves DoAT, actually. So, >> no, this wasn’t me. >> But I like Doaat. >> Yeah, she’s amazing. >> And then finally, uh, shout out to Ahmad. We miss you guy. Hopefully you come back to the show at some point and we’ll see you soon enough. Play the outro. It’s a Bitcoin contest. The only one that’s making your money is you listening to the Bitcoin market. So hold on to the Bitcoin.