To shake things up a bit, in this episode we’re giving you an inside look at our weekly Twitter Space – Non-Fungible Thursday! Thursday is our opportunity to recap the news from Last Week in Web3, share the rhymes of our resident rapper, and of course, share some fresh NFT Alpha with the community. If you’d like to join our next live show, make sure you’re following Crypto Current on Twitter and set a reminder. The next Non-Fungible Thursday hits the Twittersphere Thursday at 7pm ET.
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The following transcript was created using artificial intelligence. There will be some grammatical errors below.
01:00:43:29 – 01:01:23:11
Steven Miller: All right. What’s going on, everybody? For Crypto Current. I’m Steven Miller and you’re watching the latest in our Monday Friday interview series here at Cryptocurrency. But this week, we’ve got a special edition for you. We wanted to bring you the latest look into our Nonfungible Thursdays series that we host over on Twitter spaces. Now, in that series, we typically talk about a little bit of the Web3 news, but we also get into NON-FUNGIBLE tokens. That is Nfts, of course, where we break down some latest alpha for you and get you up to date in the space. So we hope that this little bit of an introduction to Nonfungible Thursdays will get you interested and encourage you to come over and check out the next edition of our Twitter space at 7 p.m.
01:01:23:13 – 01:01:44:10
Steven Miller: Eastern Time every Thursday. But without much further ado, we’re going to talk this over to the latest recording from our Twitter space. So check this out. Let us know what you think in the comments, and we hope that you enjoy it. It is another nonfungible Thursday. I’m glad to have you all here. Welcome in Rico. How are we doing the day.
01:01:44:21 – 01:02:14:19
Steven Miller: Man? Doing great, Steve. Doing great. I found. I found it interesting. An interesting little, little niche in this corner of Web3 today. And I want to share that with the with the people today. But, you know, I figure we do we do the thing where we give people 5 minutes, let a let people come on in. And those that are already here, if you guys could please share this, retweet it. That way we can get a little bit more of an audience. Am I doing well, Steve?
01:02:15:12 – 01:02:17:25
Steven Miller: Oh, you’re doing great, man. You can almost take over the show by now.
01:02:18:24 – 01:02:34:09
Steven Miller: Hey, Matt AGP. I can’t see your name. I can see your name there. My main matter. Percentage matter. I love that. A MacDougal in the house. I know. If you want to set the intro, calm down.
01:02:35:18 – 01:02:38:29
Steven Miller: But I was about to say. Say his name is James. E Pluribus made a.
01:02:39:01 – 01:02:42:22
Steven Miller: Plot to get the dog in Magog. It.
01:02:44:03 – 01:03:11:14
Steven Miller: All right, guys. Well, hey again, this is our Nonfungible Thursdays put on by cryptocurrency. I am one of your hosts. My name is Steve Miller. And of course, I’m joined today by none other than the rhythmic artist himself, the man with all the rhymes. His name is Rico Shea, and we’ve got a hell of a show today. We’ve got a lot of news to cover, but we always like to start off this show. A little bit of calming music. This is crypto featuring Rich the kid by take off.
01:03:16:25 – 01:03:17:25
Steven Miller: Used to having to sit.
01:03:19:22 – 01:03:21:02
Steven Miller: And I ain’t glorifying it either.
01:03:22:27 – 01:03:24:26
Steven Miller: Let’s go see what the airports do.
01:03:25:01 – 01:03:42:15
Steven Miller: I want to talk about crypto. I’m trying to lead it but bloody my brother, he threw that elbow to stick. It caught my mother father. Look and let Rodeo come look at the kids real bad. It would hit me and Rocket House. Get it? You miss him sitting on a mission, missing my fingers, itching because the bed is.
01:03:42:17 – 01:03:43:29
Steven Miller: It’s a pot of dirty in a.
01:03:44:01 – 01:04:14:16
Steven Miller: Minute dry don’t worry about it Mind your business The fuckers use up energy like as when this orgy. I mean they’re not doing this to me Give a fuck about it. When we see them this game it will be by bus down bit by bus. Let’s go pro any minute madam. Which house was which blow to the pretty bitch Go where I got something but I really want my. It was a homicide. I’m a grown man on my side. We want to go, but without using my toes. How you doing? I want you to give me a shot of my son like this.
01:04:14:18 – 01:04:15:27
Steven Miller: Getting a new one.
01:04:16:11 – 01:04:18:26
Steven Miller: All right. What do you say we get after this one, Rico?
01:04:23:12 – 01:04:25:23
Steven Miller: Rico, you’re on mute in case you want to come off for one more sec.
01:04:26:10 – 01:04:31:22
Steven Miller: I literally just asked him on mute. Get after it. What are you, a Cuomo here?
01:04:33:19 – 01:04:34:25
Steven Miller: All right. Yes, absolutely.
01:04:35:13 – 01:04:51:10
Steven Miller: All right, man. Well, hey, so the way this show works is we like to do a quick rundown of the Web. Three lightning news. Get you in a little bit of the news around the metaverse. And then we’ll, of course, dip into Rico’s wrap report, followed by some good old fashioned Alpha talk. So we’re glad.
01:04:51:14 – 01:05:02:03
Steven Miller: I wanted to I wanted to ask real quick, you think you think we could do the rap for between the crypto news and the metaverse news? I think it would be I think it would fit. Very good right there.
01:05:02:12 – 01:05:37:24
Steven Miller: Perfect. In that case, that’s the way we’re going to do it this week, folks. Excellent. Let’s rip into it then. So the first piece we’ve got is, of course, going to start out national. We’re talking about India. So India, as you may have heard on a recent episode of Nonfungible Thursdays, has decided to roll out this 30% crypto tax, and it just went into effect recently. And all of the Indian crypto exchanges in response basically lost about 70% of their trading volume. So if you’re curious why the broader crypto markets are down, I’d have to say this is definitely part of it.
01:05:38:08 – 01:06:14:04
Steven Miller: So be mindful of the fact that a lot more of these new regulations are running in and they will have an effect. Our next story comes out of Brazil, who’s shared that their central bank will be rolling out its cbdc later on this year. That is a confirmation from an earlier report. It just goes to say that they are on time, which is, I guess, new for any nation. Speaking of on time, Etherium is not the theorems merged. It’s officially been pushed to Q three as its final chapter of Proof of Work looms.
01:06:14:28 – 01:06:45:21
Steven Miller: There were a couple of different developer circles that I tracked that were talking about this today, and it really does come down to just them trying to see if he tests the crap out of it. I wouldn’t read too much more into it. It’s not like there’s some massive pushback. We’re talking about maybe a month and a half. So worth keeping in mind. In other Etherium news, there was an Etherium trader who casually bought about $400,000 in tokens that were off of Coinbase’s upcoming short list of tokens that he was putting on the market.
01:06:46:19 – 01:07:15:19
Steven Miller: The only problem with this news that Trader made all those purchases before the short list was made public. So we’re advocating, yep, we are back to an insider trading narrative here in crypto. It’s unfortunate, but such is the nature of these things. There’s a lot of grey area in insider trading in this world, but that’s one example of how it can’t go because Coinbase, they’re a publicly traded company, so there’s going to be some backlash over that, you can bet.
01:07:15:21 – 01:07:22:07
Steven Miller: I remember this happening with Opensea a couple of months ago. I want to say it was right before the New Year rang in.
01:07:22:15 – 01:08:03:10
Steven Miller: Yep. Good old Nate loving his insider trading over at Opensea. But let’s talk circle. You know the company behind Usdc. They just closed a massive $400 million round led by BlackRock. And what’s interesting about this is that round will actually now make BlackRock USDC as primary cash reserve manager. I think this isn’t a story that’s going to fly way under the radar. But I think it’s really important to understand that, like you have one of the world’s largest funds now managing the cash reserves for the stablecoin of choice of a lot of people.
01:08:04:03 – 01:08:06:23
Steven Miller: Rico, do you think this is a big deal or am I out of my head?
01:08:08:18 – 01:08:39:26
Steven Miller: I mean, this is this is how I look. And I kind of touch on this with the I kind of touch on this with the metaphors. Right. You know, we got together, we got circle. And I know it’s not talking specifically about about the the article about the nose, but I think I think as long as we have a variety, a variety of stablecoins, then the the global economy standard can still be the dollar. So, yeah, impactful.
01:08:39:28 – 01:08:42:21
Steven Miller: Absolutely. But, you know, I think we have a backdrop.
01:08:44:21 – 01:09:17:28
Steven Miller: Well, I’m interested to see how this one develops. I’m going to keep an eye on it for you. So we may talk about that in the upcoming weeks as this story develops. But let’s move into Polygon. Related news. Polygon is, of course, L2 on Ethereum. They just announced they will be pledging $20 million to offset the polygon environmental footprint. So this means that they’re not just trying to go carbon neutral. They’re trying to take it one step further and move carbon. I bought is that carbon positive or environment positive? Pretty good news on that front.
01:09:18:00 – 01:09:24:19
Steven Miller: I really like hearing that more of these chains are trying to take more sustainable moves. So that’s good news for sure.
01:09:24:29 – 01:09:47:08
Steven Miller: I got a there’s a project, defi project known as Reverse on Polygon that I’ve been a backer of since very early. Now, what they do is they they are a I think it is net zero carbon negative. I don’t know the environmental terms very well, but you know, they they’re already all
01:09:48:26 – 01:10:01:29
Steven Miller: they’re already all mined out. It’s actually a deflationary coin. And the the profits, the proceeds, they go to carbon capture technology. Oh, sweet.
01:10:02:08 – 01:10:07:18
Steven Miller: Well, I’ll definitely keep an eye out for that one, too. That’s that’s very new, from what I’ve heard.
01:10:09:27 – 01:10:46:11
Steven Miller: Anyway, let’s go ahead and talk Celsius. Celsius is one of the big players in terms of API. You may have grown to become a fan of them over the last year as you’ve looked for new places to farm a yield. But as of right now, you’re no longer going to be able to earn rewards via Celsius if you’re a US based citizen, because the U.S. FCC has officially intervened and told them to shut it down. This is just the latest in a continuing run against earning programs here in the United States.
01:10:46:13 – 01:11:15:20
Steven Miller: So it’s unfortunate to see you hate to see it, but I think this is just going to be one of the biggest battles that we’re going to see develop over the course of next year. Blockchain.com This is a really cool one to me. Blockchain.com has announced they’re teaming up with Dallas Cowboys for the first official NFL crypto partnership with the team. So if you are in the Dallas Fort Worth area, you’ll be able to go to the Dallas Cowboys Stadium and see Blockchain.com branding all around the place.
01:11:16:01 – 01:11:52:03
Steven Miller: Blockchain.com. Arlington, Texas. I went I went for two semesters to the University of Texas at Arlington. Very, very nice place. But I would like to I like seeing that, you know, stadiums, stadiums and these partnerships, what used to be now big brands, big corporations, if you are a centralized exchange or you have or you have a big or if you’re a big name in crypto, you are now you are now acquiring acquiring these assets, getting your name out there.
01:11:52:05 – 01:11:59:18
Steven Miller: And also just just due to the visibility on boarding the general public. And guys, we are still so early.
01:12:00:06 – 01:12:35:05
Steven Miller: No question. So speaking of early, I made a call on a nonfungible Thursday. I want to say back in February, it was one of our first ones where I said, look, I’ve got some insider information. I don’t mean to be insider trading on it because it’s not technically insider trading, it’s crypto. I told you that Ripple was absolutely going to win this case. In that case, of course, is the one that the SEC has brought against it. That is from an inside source that is essentially one of the councils.
01:12:36:14 – 01:13:14:20
Steven Miller: The SCC just basically got told by the court that they can shut it. There are recent emails highlighting alleged conflict of interest with the FCC regarding the rebel case, and it is officially now taking centre stage as the head justice on the case essentially denied the SCC the ability to play both sides in the case. So this thing is, in my opinion, starting to come down to the wire. This seems to me to be one of the last nails in the coffin. I’m really interested to see how this one develops, but it’s becoming more and more apparent by the day that a settlement is almost imminent.
01:13:15:05 – 01:13:17:15
Steven Miller: So I’m looking forward to seeing that one wrap up.
01:13:18:00 – 01:13:34:10
Steven Miller: Let me ask you real quick about this one, Steve. So what do you what do you project what do you predict being the outcome of the outcome of this case? I mean, obviously, things are going to be settled, but what do you think the effects of that will look like?
01:13:36:10 – 01:13:47:05
Steven Miller: So there’s two sides to Enrico. There’s the implications for crypto and there’s the price action side of things. I will tell you, it’s a really conservative bet by a lot of people’s measure
01:13:48:20 – 01:14:04:11
Steven Miller: that if Ripple wins this case, that you’re going to look at a3x movement in the price of Ripple pretty much overnight like this has been one of the only things that’s been holding back price action and certain exchanges from relisting ripple.
01:14:05:18 – 01:14:06:22
Steven Miller: And even buy it on money.
01:14:07:19 – 01:14:13:17
Steven Miller: Yeah. I mean, you, you really are limited where you can get your hands on ripple right now. I personally purchase my ripple through Kucoin.
01:14:15:04 – 01:14:47:01
Steven Miller: But if you’re talking about the overall implication of it, I think it’s really unfortunate because I think that you’re going to find that at the end of this case, there’s going to be too much sealed away to the point where any type of like clarity that you might want as a crypto project that you would hope to glean from this case’s notes. I think it’s all going to be sealed by the court, which sucks. But to me, this is a massive win for crypto once this thing does actually clear.
01:14:48:04 – 01:14:50:23
Steven Miller: So those are those are the two angles to it that I take.
01:14:51:06 – 01:15:03:10
Steven Miller: Do you believe that that that the ceiling of documents will, like basically imply that the SEC is trying to find a way to cover its ass or keep bad publicity from from being revealed?
01:15:04:02 – 01:15:37:00
Steven Miller: I think that’s one of the takeaways. I think the other is the fact that the SEC is already well known as one of the most like. Corrupt agencies within our government. So to me, it’s like, you know, they’re trying to hide away as many loopholes for crypto companies and projects as humanly possible. Right now, that’s just the way they continue to roll. So I hope that they can have some of it like kept public, because I think that more companies need the resources and clarity to continue to develop properly.
01:15:38:01 – 01:16:19:14
Steven Miller: But speaking of that, let’s kind of move this thing for because I want to get to your wrap. We only have three stories left in the Web, three lightning round, first of which comes from opera. Opera, of course, is the Web browser. It has expanded its crypto browser to iOS now and now provides access to nine different blockchain ecosystems. So as much as we like to talk about the ecosystem wars and, you know, the war of the Ethereum killers, I think it’s really safe to say that a lot of people are overlooking the fact that there’s going to be a browser war coming to opera is right now the big leader in terms of a browser that can interface with Web three.
01:16:19:29 – 01:16:51:21
Steven Miller: And I think that they’re going to continue to be the front runner for right now. So I’m excited to see how that one develops. Second, the last piece, Ava Labs, which is the primary developer behind the Avalanche Blockchain, just hit a $5.25 billion valuation on its own following the completion of a $350 million round. I’m a huge proponent of the avalanche blockchain. I personally love a lot of the projects on it. I think it’s got a novel take on being multichain.
01:16:52:21 – 01:17:19:20
Steven Miller: So worth taking a look at there. Clear, clear respect being shown to the team over their AVA labs. And last but not least, the dumbest story of the week. Elon Musk, after purchasing a minority stake in Twitter, was just informed by the SEC that he will be investigated because of that investment. And as a response, he has offered to buy Twitter for $43 billion in a hostage taker.
01:17:21:25 – 01:17:51:17
Steven Miller: Oh, man, oh, man. Yeah, I was watching this today. It’s like, okay, man, when you got it, when you got this much money, when you got this much money and you put and you and you make things go away by throwing money at it, like, what else would you expect for him? On top of that, him not him not wanting to compete in making his own social media, you know, it’s like, okay, that’s what we do. We acquire things, right? Crazy.
01:17:52:19 – 01:18:02:17
Steven Miller: Yeah, it’s unreal to me. But guys, that’s going to wrap web three’s lightning round today. I’m going to toss it over to RICO for Rico’s wrap recap. So, Rico, take the floor. Show us what you got.
01:18:03:01 – 01:18:07:24
Steven Miller: I did want to ask about your thoughts with the Elon Musk thing, but I guess we can wait till after the wrap.
01:18:07:29 – 01:18:10:02
Steven Miller: My point will wait. Go. Go ahead.
01:18:11:09 – 01:18:44:26
Steven Miller: A metaverse metaphor. Men at work tend the floor, ricochet Rapaport spit a verse. We explore 2022 April 14th Alarm Beep Crypto Covenant. What’s the verdict? We go search beyond deep the hug x, y, z launch the mint pass tomorrow. The first one is free, but for three I’ll have to borrow. I’m broke. Corner six with the extra time, it’s always point 12. So whenever I need it, the only time is the only time that I sell. Got to practice flipping, man. Get myself off the shelf for almost like an apparition impulsivity spell.
01:18:45:01 – 01:19:16:29
Steven Miller: My lapsed thoughts have revealed the art shop crap that Earl and family put in. Ask something real that’s not shill Robin had Robin Hood been slacking but expanding in the crypto action trying to compound its users, add Solana Shib and matic. But since the GameStop saga cut them like a hot baba game over Citadel from me, you got nada. Bored apes grow in making changes. Lane is cinematic. They made billions out of nothing. David Blaine Not really. Magic soliloquy of Manifest and Destiny turn to a trilogy.
01:19:17:05 – 01:19:49:10
Steven Miller: If they win an Oscar man I’m going to slap myself silly be blockchain dot com to the Dallas Cowboys Dead Fellows The Trendsetters Freshest peppermint Altoids was Chicago Bulls as partners. Basketball goal Take it father we go see crypto brands on Jersey soon and going harder battle flak corn arbitrage I’m evolved to lava is syndicated innovating illustrated larger trade by MasterCard soon to be a national launch. I lost my spot medal exit is the precipice for passing.
01:19:49:12 – 01:20:19:28
Steven Miller: I’m a lop or a you are not the only platform that we can launch a blast. The best is whole. This whole thing goes the tech call a ricochet the meta author but screw met a play to earn charging near 50%. That’s some reckless method terms, but this is going to be the balance that we got to figure out who legitimizes, who win, who is exploiting just for clout. These masterworks I have with Zuckerberg, Mark and Randy. Randy, up the ante.
01:20:20:00 – 01:20:53:24
Steven Miller: Mark, listen to your family. You were not the only platform we can we can launch a blast off on better terms for the metaverse or seeing a sad song. Elon trying to buy Twitter. But a hostile takeover. Jack is smoking as Jack is smoking purple drank well I drank my grape soda Illuminati had announcements of expansion expansion looking boundless. Next is your J-Hope brace over. Now I’m pouncing. Forbes With the virtual billionaires and they pulled the really race bull market around the corner come to tear the silly Bears saga back in business.
01:20:53:26 – 01:21:25:28
Steven Miller: What a super game. Go tell your peers my dream test. It has appeared a Web three in a rap career for real. It was massive fear of an NDA liquidation and brassy long awaited next to join that digital naissance we can only keep that a standard given its bandwidth. Should we use circle of tether or do we need to expand it? Damn it yo bandages. Even you neglected the proof collected ricochet. Rappaport is passing off a new suggestion for every time you set off, missed out and you repented.
01:21:26:00 – 01:21:59:08
Steven Miller: Obsessive. Which will progression come down to the you’ve collected the gender bit proof of friendship for better been do descendants attentive a crazy benefit having said that you can get in minting a thousand sold for less than .02. So that’s my pick of the week we roll deep so let’s go for have to hand it to you Steve honored you let me do a verse turn to every NF Thursday when you hear my proof of work but like ether we all merge. Let you handle the specifics and that’s my Rapaport my man you’re on and let’s get back to business we’re super.
01:21:59:25 – 01:22:02:13
Steven Miller: Yeah, you got it. You got to put, put, put.
01:22:03:06 – 01:22:15:06
Steven Miller: Let’s go. But I was sick. Please never show this man some goddamn love Throw up the reactions Let him know how he did really appreciate it as always, Rico, that was absolutely on point.
01:22:15:14 – 01:22:24:17
Steven Miller: I lost my place again, man. I got like whenever I write, like really long things, I have to go back and check it out and then I roll like pass it. Yeah, but.
01:22:24:22 – 01:22:57:21
Steven Miller: Hey, that’s, that’s, that’s actually good enough. A Segway is any for me because I mean, we’ve got some, some news to share with the room today. Rico’s got an opportunity to put some polish on it after each of these. And if Thursday is going forward, got the green light today from the big boss, Mr. O. Richard Carson. We are officially moving forward with breaking out Rico’s rap recap in a video form. We’re going to be putting out shorts on YouTube, shorts on Instagram, reels and on Tik Tok starting next weekend.
01:22:58:18 – 01:23:04:20
Steven Miller: Confirmed. Oh, snap. Oh, I’m doing a good, happy dance. Yeah.
01:23:06:26 – 01:23:11:26
Steven Miller: The big day, man. Congratulations. We’re stoked to have you join the team as a contributor, so it’s going to be a lot of fun.
01:23:12:09 – 01:23:54:28
Steven Miller: Thank you very much, man. Like I you know, Steve, I appreciate you that you just gave me the chance from the from from the jump. I know you recognize me for what I do. And, you know, I tell the guys that are listening, the guys that know me, I like to try different things. But, you know, I’ve told Steve I’m not the best self-starter. If some people say, hey, man, you might be good at this, give me give me a chance to try it. I might be good at that. But, you know, when when when I’m accountable to other people, if I’m co-hosting something or if I’m just, you know, doing this, doing something in conjunction with somebody else accountable, reliable to somebody else, then that’s usually when I give give it my best.
01:23:55:00 – 01:24:01:20
Steven Miller: So thank you, Steve. And thank you, Richard. Man, I really, really appreciate the shot for.
01:24:01:22 – 01:24:36:25
Steven Miller: Sure, man. Well, look, we’re going to enjoy getting a chance to see you grow into it. I know you’re going to do big things, but let’s jump into last week in the metaverse, shall we? Let’s talk about some of this this news around the NFT space, some really big stories breaking out right now, the start of which is this news from Coinbase, who’s announced that they apparently don’t prioritize getting their NFT platform out. Instead, they’d rather put together a of a short film series that they’re calling the Jam Trilogy featuring board, API Club and the ACORN communities.
01:24:37:24 – 01:24:55:06
Steven Miller: I got to tell you, I don’t know where the hell this is coming from. This seems to be like one of the weirdest attention grabbing pieces of news I’ve seen on the week. I’m hopeful that it’s really entertaining, but, you know, you’re trusting a finance company to come up with a movie. So I’m not really sure how far you want to take that one.
01:24:55:12 – 01:24:57:25
Steven Miller: Can I play devil’s advocate on this one, please?
01:24:57:27 – 01:24:58:15
Steven Miller: I would love it.
01:24:58:26 – 01:25:38:04
Steven Miller: All right. So I honestly think that Coinbase is big enough to walk and chew gum. Right. And I’m not a fan of that phrase, but, um, okay, so being a fintech company, it has capital. And, you know, maybe they can finance something that’s actually very well done, very, very artistic, maybe. I mean, I don’t know what what great moving story you can get from a trilogy, but the fact that it’s if it focuses on the the general web3 culture, then at the very least I can say that is going to be entertaining.
01:25:38:06 – 01:26:12:29
Steven Miller: I hope it is. I’m definitely going to be checking for this. And I also think that it goes hand in hand with their with their with their NFT platform launch. Now, I really hope it doesn’t take as long as putting these movies putting these movies out for, for for the NFT, for the for the for the NFC platform to launch. But, you know, they kind of do play one into the other. And I, I, you know, for me, the main thing that I look at is what’s going to bring more eyes on to crypto like bored apes.
01:26:13:01 – 01:26:45:20
Steven Miller: We, we have celebrities and, you know, America has a very celebrity loving culture. Like, you know, there’s there’s segments of society that care more about. That’s politics. And then then you have that that thing, that popularity, that that macro high school popularity, that, that, that goes into adulthood and that’s fame. So you have a bunch of famous people were bought apes. If you can make a great movie out of it like the.
01:26:45:29 – 01:27:18:07
Steven Miller: The attention will be there and more normies will start onboarding. Crypto is the future. So, you know, this is this is this is good overall. To me that being said, yeah, in the I was expecting the NFT platform to launch in April but a if it if it takes time if it takes more time than expected, I mean, I’m kind of used to from from my military days to hurry up and wait overall long term.
01:27:18:09 – 01:27:26:04
Steven Miller: I think this will have a positive benefit. But that’s hinging on the fact that the trilogy, or at least the first movie that comes out, is well done.
01:27:26:21 – 01:27:41:11
Steven Miller: But I’m going to continue to be hopeful about it. Right. Like as much as like I want to continue to give Coinbase shit for every single little thing that they do and they failed to do. And whether they do it or they don’t is just kind of my own. Let’s just call it nihilism, for lack of a better term.
01:27:42:05 – 01:27:55:16
Steven Miller: But cynicism, I think is more cynicism. Like nihilism is like constantly negative, like. Net net nothingness. But you know, you’re right to be skeptical. I agree with you there.
01:27:56:27 – 01:28:27:22
Steven Miller: Whether you want to call it skepticism or something else, feel free to. But the reason that I continue to be when it comes to Coinbase delivering is I think a lot of people had a lot of hope when it came to their last endeavor into entertainment at the mass scale. And that, of course, was the Super Bowl. You know, that that commercial where they bounced their logo around the screen like screensaver for 60 seconds it to me I don’t trust the fintech company to nail down entertainment.
01:28:27:24 – 01:28:42:20
Steven Miller: I trust a fintech company to nail down advertising. So to me, I think this is probably where we’re in to see it go. But that’s just my personal take. You know, I think you’ve got the right type of perspective on it. It is hopeful. We should be hopeful about it. I just
01:28:44:21 – 01:28:46:10
Steven Miller: I guess I’m a little bit more skeptical.
01:28:47:06 – 01:29:03:04
Steven Miller: If, you know, you’re you’re you’re bringing out something in me that I’ve that I’ve kind of had as a model my whole life, you know, and we’re playing the different sides of it is the best, hope for the best, but expect the worst. And you know, neither of us are wrong for this.
01:29:03:11 – 01:29:40:17
Steven Miller: Yeah, I would totally agree. So let’s go ahead and carry this ball forward. MasterCard has officially filed 15 Metaverse and NFT related trademarks this week. Could be a very interesting development to see them start to enter the Metaverse Lounge game combating the likes of JPMorgan’s Onyx Lounge. Maybe, who knows? My favorite piece of news on the week. They just really does highlight how terrible the company matter is. They’re beginning testing their play to earn model right now, but they’ve also announced that they are planning on charging creators up to 47.5% to sell virtual goods.
01:29:40:28 – 01:29:46:23
Steven Miller: Bullshit. Sorry, that’s my first dogecoin. That is my first dogecoin in the jar bro.
01:29:46:29 – 01:30:06:20
Steven Miller: Put the doge coin in the jar frenzy. Leave it there and lock it up because this is that is the most ridiculous thing I’ve ever heard. Like I don’t know how good the Horizon Metaverse is, 47.5% immediately off the top of any creator who wants to make and sell virtual goods in their metaverse.
01:30:07:03 – 01:30:35:14
Steven Miller: That’s a robbery. That’s how a robbery. Like, how does that even incentivize? Like having a long term project, you know, you’re getting on the front end, you know, meta take in nearly 50% and then on tap, I’m going to get taxed to like at the end of the day say if you are so if you are a brand that does build bigly, a brand that builds bigly on a on meta, like you end up getting, what, 20%. That’s, that’s crazy.
01:30:35:22 – 01:31:00:23
Steven Miller: Yeah. I look, I think the only way that this makes and I’m not a I’m not saying that it makes sense why they do this. The only reason I could see them doing this and justifying it is if they’re planning on giving everyone totally free access unabated to that metaverse, at which point they’re saying that the 50% is really the covering of cost of entry and like how we’re not going to charge you to be here.
01:31:01:20 – 01:31:02:05
Steven Miller: I’m sorry.
01:31:02:25 – 01:31:04:04
Steven Miller: It still seems like overkill.
01:31:04:09 – 01:31:59:11
Steven Miller: I understand what you’re saying. But bro, like, listen, they make they make so much money off advertising and and data distribution, stealing our own data as it is, man, they’re going to keep doing that. Oh, no, no. This is this is just uninhibited and unchecked greed. Like, even if you make. Complete suite. A complete tool suite to integrate hell, even make a game on. That’s still that’s still asking for way too much like yo which look in any business maybe the mob maybe the mob charges charges 50% but bro that that’s what we’re looking at right now that what in what industry and what industry does and what industry does your platform take? 50% off top predatory loans.
01:32:01:05 – 01:32:09:11
Steven Miller: Yes. Ding, ding, ding. And those then those had to be regulated, didn’t they? And there’s still there’s still a ton out there, but. Wow.
01:32:10:03 – 01:32:18:07
Steven Miller: Yeah, it’s it’s definitely going to spell if I’m correct, it’s going to start to spell the end for matter before it really ever begins.
01:32:18:18 – 01:32:19:03
Steven Miller: Oh yeah.
01:32:19:14 – 01:32:21:03
Steven Miller: I mean, I certainly.
01:32:21:06 – 01:32:47:19
Steven Miller: So, you know. Sorry, sorry, Steve. Thank you. Thank you to Metta for bringing to the masses the the the prospect of the metaverse making more people bullish. But yo, yeah, you’re right. You’re right. Like, you know, they all they dropped the ball on Libra when they were first doing it, this whole Xbox thing. You know, I remember the last episode you said, you know, they’re they’re cajoling Lee calling it. That is, I think the first time I’ve used the word cajoling. Like.
01:32:49:04 – 01:32:51:18
Steven Miller: I’m just I’m proud of you on expanding the vocab man.
01:32:52:00 – 01:33:17:02
Steven Miller: Thank you. Thank you, thank you. Now, it’s. It’s trash, man. I’m sorry. That’s hot trash. Like I if they if if they if they end up taking a hit as far as their in their stock price for this that’s I think that’s expected. You know, I really I really hope that they will reconsider these terms
01:33:18:24 – 01:33:19:11
Steven Miller: because.
01:33:19:22 – 01:33:28:15
Steven Miller: They’re going to be forced to. Okay. They’re absolutely gonna be forced to because they’re the people in their community are not going to like just settle and accept that. That’s just not how it works.
01:33:30:00 – 01:34:00:10
Steven Miller: You know, like we said, we sit around and complain if we’re trading on Coinbase bitching and moaning about a couple of percentage points of expenses on fees. This is literally cutting your product and your margin half. It’s just like, that’s just absurd to me. So let’s, let’s bury their ills, bury the lead and continue on where we got two final stories for you on last week in the metaverse, the first of which is Sega is currently laying the groundwork for its own metaverse with what they’re calling a super game NFT plan.
01:34:00:12 – 01:34:43:07
Steven Miller: It’s like where they’re basically trying to create a middle ground between triple-A gaming, Nfts and some additional other properties from across their IP library. I think some me really I love Dreamcast, I love Sega. I’m a big, big fan of Drink Sega Dreamcast, historically speaking. So I’ll be curious to see where that goes. But I want to rip through the last one just to get us into alpha mode. This was a weird development over the course the last day or so, but apparently on the 13th, which was yesterday, Forbes decided to almost out of nowhere launch what it’s calling its virtual billionaires and FC project.
01:34:44:04 – 01:35:04:26
Steven Miller: They brought it out to their subscription holders first on the 11th. Apparently it didn’t sell out and then they tried to bring to market on the 13th. I believe it did sell out, but it kind of goes to show that Forbes doesn’t really know what they’re doing right now when they’re dropping a collection of 100 pieces and they can’t get a sell out to their own community.
01:35:06:02 – 01:35:37:11
Steven Miller: Hey, everyone. Just wanted to let you know about all of the amazing content that we’re making for you exclusively over on YouTube. You can stay connected to Crypto’s. Top stories and trending topics with the episode every Wednesday Joy, Cryptocurrency, Steve Miller and myself for a brand new discussion on what’s going on in the wild world of Web three. If you want to learn more about cryptocurrency and blockchain, don’t know where to start. Crypto to crypto will cover everything from basics and fundamental analysis to the advanced concepts of technical analysis. Join Chris Kay every Thursday exclusively on YouTube to get this content.
01:35:37:18 – 01:36:04:22
Steven Miller: Finally, if you want to take a deeper dive into the world of Nfts and learn more about all the latest and greatest what’s happening in that space while capturing Alpha, join Stephen on NFT Thurs exclusively on Twitter spaces on Thursdays at 6 p.m. Central Standard Time. We hope you’re enjoying our content and if you’re enjoying it, please like subscribe, share and leave comments so that we can continue to give you the content to keep you crypto current.
01:36:06:07 – 01:36:36:26
Steven Miller: They also did it with their articles, man. We got a we got true luminary over in the, in the in the all over in the Illuminati community. He has he’s done his little not going to make good times which is I kind of feel like an onion for Web3. And he was highlighting how in three days they completely changed their they completely changed their commentary on their on the metaverse. Yes. They have no clue what the hell they’re doing.
01:36:36:28 – 01:36:37:13
Steven Miller: Agreed.
01:36:38:02 – 01:37:09:11
Steven Miller: Yeah. So again, this is just to me, the the latest in a narrative of not going to it. But let’s go ahead and shift gears here. We’ve been talking news for far too long into this episode. I only like to do this for about 20, 25 minutes. Give Rico is time for some wraps, drops in bars and then drop it open for alpha. So for everybody that is in the room right now mic do get entropy Peter Pebbles percent matter. Thank you for joining us for the very first time. We’re glad you’re here. And of course, Matt, you are all welcome to come up to the stage.
01:37:09:13 – 01:37:23:14
Steven Miller: Just raise a hand. Come on up here and join us. We want to talk through some alpha, discuss what’s going on, the NFT space where some opportunities may or may not lie, but also talk about some of the opportunities outside of the NFT space. If you’ve got some alpha to share,
01:37:25:01 – 01:37:36:00
Steven Miller: why wait for some hands to go up and we’ve got all man, we got a banger coming to the stage, folks. I’m so stoked to have him come up because this is his first time joining us up on stage.
01:37:36:11 – 01:37:36:26
Steven Miller: No, he.
01:37:36:28 – 01:37:42:02
Steven Miller: Is for space. We’ve got e pluribus mic. Do get himself. You are
01:37:43:26 – 01:37:46:19
Steven Miller: currently muted, but feel free to come off mute whenever you’re ready.
01:37:47:16 – 01:37:48:26
Steven Miller: Yeah. Hey, what’s up, guys?
01:37:50:00 – 01:37:52:16
Steven Miller: Megan McDaniel my first.
01:37:52:18 – 01:37:55:11
Steven Miller: Time up on stage for NFP Thursday happy hour.
01:37:56:16 – 01:37:58:00
Steven Miller: Well, we’re happy you’re here, man.
01:37:58:18 – 01:38:00:26
Steven Miller: Shots on me, bro. You got this.
01:38:02:26 – 01:38:08:04
Steven Miller: So tell me. Tell me. McDougal what do you have your eye on right now? What’s the what’s the hot news that you’re tracking?
01:38:08:06 – 01:38:20:17
Steven Miller: The hot news is that other side, the UGA Labs land is going to launch like any day and they’re not going to give us much heads up. That’s what I’m hearing.
01:38:23:01 – 01:38:25:20
Steven Miller: Here comes sleep deprivation for the whole metaverse.
01:38:26:21 – 01:38:48:24
Steven Miller: Man. I’ve been watching so many of these products so closely, like other side, like moon birds. And I keep thinking to myself, like, you know, it’s just going to be liquidity flowing from one to the next. And I think it’s really just the fact that people are just trying to stack bags for other side. I feel like any project that comes out in the next week is just going to be absolutely ruled by it by the end of the day.
01:38:50:17 – 01:39:00:20
Steven Miller: We’ll see. Man, I look, I’m hopeful for other side, though. Why? Why are you not now that we don’t have enough reasons to be bullish for other side, but what makes you the most bullish about either side right now?
01:39:01:29 – 01:39:25:20
Steven Miller: You know, I think it’s a chance of pulling a coda, which is like a new character in their ecosystem. And I think there’s like a one out of seven chances of getting one of those. And I’m not sure how they’re like fitting in to the the, you know, the law and the story that they’re building. But they’re definitely going to be worth a lot of money if you get one. I think you can pretty much bank that.
01:39:26:19 – 01:39:34:11
Steven Miller: Too. Can I ask you, what does pulling a coda mean? I mean, I love the movie. Were you referencing the movie or did I miss something in translation?
01:39:34:13 – 01:39:35:11
Steven Miller: You missed it.
01:39:36:25 – 01:39:54:04
Steven Miller: Yeah. I don’t know what the movie is. You’ll have to let me know what that is. But a coda is a new character, so. Oh, they’re little like celestial creatures. And if you look at the other side teaser video, it’s the little guy that’s like flying around carrying the ape all over the place.
01:39:54:06 – 01:40:00:28
Steven Miller: So the little, like, elite, like, a little what’s what’s what’s the name of these guys?
01:40:01:00 – 01:40:03:02
Steven Miller: It’s like they’re like sprites. They’re like gremlins.
01:40:03:09 – 01:40:09:04
Steven Miller: Yeah. I was thinking about that Pixar movie with the little yellow guys.
01:40:11:07 – 01:40:17:09
Steven Miller: Yes. Yes. Those are in character. Yeah. There was a carom off in the space. I’ve taken too much time trying to figure something out. Sorry.
01:40:18:05 – 01:40:22:18
Steven Miller: You’re good. Look, I agree with you. I think that those are a huge draw.
01:40:24:06 – 01:40:58:08
Steven Miller: I think other speculation that’s kind of disappointing. It’s people are saying they think initially it was going to be one eith like per plot and now they’re saying maybe Dutch auction’s starting at two weeks. Which like kind of sucks because that puts it out of reach for me and like a lot of other people. But you know, in Illuminati, it’s kind of cool because we’re setting up a Dow and we’re going to like buy as much as we can as a community. So that’s a pretty cool exercise in like Web3 coordination.
01:40:59:12 – 01:41:00:26
Steven Miller: So we’ll see how that goes.
01:41:01:16 – 01:41:11:25
Steven Miller: So is it going to be is it going to be two eat worth of ape coin or how what does the Dutch auction, a Dutch auction look like right now?
01:41:13:07 – 01:41:14:08
Steven Miller: You think it’ll be a point?
01:41:17:11 – 01:41:17:26
Steven Miller: Yes.
01:41:18:06 – 01:41:46:23
Steven Miller: I’ve heard a similar thing. I’ve heard that it’s going to end up being the equivalent value of two ether but in a coin. So we’ll end up having to see. I think that when we covered a coin like a couple of weeks back, this was just like the tip of the iceberg on like the different places you could use it. But I think that you’re going to see so much a coin used during this sale. The scarcity on it’s going to run up like you wouldn’t believe.
01:41:47:08 – 01:41:50:08
Steven Miller: So it’s not being burned, is it?
01:41:50:27 – 01:41:53:12
Steven Miller: No. But it’s going to immediately be taken out of circulation.
01:41:55:19 – 01:41:57:23
Steven Miller: It has to show because.
01:41:58:17 – 01:42:10:08
Steven Miller: I don’t know, sir. The the other rumor is, is that so Animoca Brands is like handling the sale of the land and they,
01:42:11:28 – 01:42:36:04
Steven Miller: you know, they’re taking on risk with securities. And, you know, part of that their their tactic to minimize that is that they’re going to like pretty much dump Bitcoin back onto the market. I don’t know if it’s going to be insta dump, but they’re going to be like selling it back to USD or USD C or something like that so that, you know, the price action on a coin is going to be wild to watch.
01:42:36:11 – 01:43:20:15
Steven Miller: More volatile than already is. Yeah, I know that. I know that you you had some things to say to me when I was when I was that when we did our show, when a point was first launching. I’ve seen that it’s I you know, I can always admit when I’m wrong. Right. And I was I was definitely wrong. A lot of it has to do with me having having doubts that lightning can strike twice. But, you know, it seems like the board app ecosystem has not only outdone outdone expectations but also been been the the what to strive for in web3.
01:43:21:02 – 01:43:40:12
Steven Miller: So so I want to I want to yeah, I want to apologize for my bearishness or or my skepticism a couple of weeks back. But that that mostly came from seeing somebody get rekt you know, when they got in, in the, in the thirties.
01:43:40:23 – 01:44:02:22
Steven Miller: Yeah. It was the first hour or half hour of trading was pretty crazy. But you know, that’s like most tokens when they launch, like when the liquidity is so small in a trading pool and people are like, you know, insta selling or insta dumping or whatever it like it does that quite often.
01:44:02:24 – 01:44:03:09
Steven Miller: So
01:44:05:02 – 01:44:13:00
Steven Miller: I’m kicking myself for not having gotten AMU in January. In January I was at around three I think it was.
01:44:13:12 – 01:44:14:29
Steven Miller: Same, same and I didn’t.
01:44:16:22 – 01:44:17:10
Steven Miller: I.
01:44:18:27 – 01:45:09:01
Steven Miller: Yeah I look, I, I absolutely was already operating a fund at that point that had capital to go do it and I regret it every single day. But I’m curious to see how this whole code rollout is going to work, too, because a lot of people have been curious as to whether or not it was just going to be an airdrop, how you would know if your land would actually come with Dakota, how you be able to separate that CO two NFT from the land. All those things kind of are big question marks to me. But what I can say is that if it pans out, did we see coders get separated from the land and can be traded on that way independent of the land? Man I’m going to probably try to make a run at some of that stuff on secondary if it doesn’t just explode in valuation from the jump.
01:45:09:03 – 01:45:09:28
Steven Miller: But we’ll see.
01:45:10:14 – 01:45:30:04
Steven Miller: Speaking of Ave, super plastic, just had their they had their collaboration with the vinyl pieces of of the yacht club. The Body Club. Their their their toys dropped today pretty cool and I think audacious are homie audacious ended up getting one.
01:45:31:24 – 01:45:44:22
Steven Miller: That’s a pretty good get. Got a couple of other pieces of alpha that we can run through today. But I want to toss it over to Matt, who just joined us up on stage. Matt. What do you have on your world? What are you seeing in crypto
01:45:46:17 – 01:45:47:07
Steven Miller: these days?
01:45:48:12 – 01:46:15:00
Steven Miller: Yes, I haven’t really been seeing much. I’ve been traveling a little bit, you know, taking my eyes off off the market for a little bit. But as I usually like to do, I do want to talk a little bit about momentum from some of the the larger altcoins and Bitcoin here. So specifically, we we’ve got back to that 40,000 level
01:46:16:27 – 01:46:36:17
Steven Miller: kind of interesting on, you know, where you guys see the next the next move going. You see it being an upward and downward move based on some some indicators I’ve been looking at. Think we’re going to continue to see some downward snaps here, but want to see if you guys have any other takes on that.
01:46:39:00 – 01:46:48:22
Steven Miller: I will concede to Stephen McDougal. Matt, I know you are. You are guy. You are our guy here with the great technical analysis. So, Steve.
01:46:51:23 – 01:46:55:22
Steven Miller: My initial take is that Matt’s right. I think we’re going back down further.
01:46:57:09 – 01:47:29:07
Steven Miller: And granted, I think that’s. In large part to do with the fact that what we got at the end of last week in terms of CPI guidance from the Fed was negative news. And I got to tell you, it was a bunch of bullshit to begin with because that metric for actual inflation is probably the worst that I’ve ever seen. And after doing research on how horrible of a way it is to measure inflation, it’s never going to be an accurate show.
01:47:29:09 – 01:47:58:13
Steven Miller: I think we’re probably looking at a lot closer to 25% inflation right now, if you’re asking me. And that’s because I base a lot of my interpretation of inflation on the housing markets and how, you know, the products that go into building a house inflate and how that all operates together. It provides a little bit clearer of the picture to me at least. But I think that in terms of how that’s going to affect the overall crypto market, I think you’re going to see
01:48:00:24 – 01:48:36:21
Steven Miller: probably another leg down. But I think you could see a quicker recovery just because the what is it the why today? I think that’s right, Matt. You’ll probably call my bluff on that one. But the DAX, why, which is basically how the dollar is measured against other world currencies. We saw like a very, very uncharacteristic parabolic move in the DAX why today? Which basically says that like other world currencies are starting to feel the effects of inflation in the dollar’s value is starting to kind of.
01:48:37:20 – 01:48:50:17
Steven Miller: See more power globally, which to me is a pretty good indicator that we’re going to see some more turbulence. So, Matt, that give you another take or do you have anything to respond to on that one?
01:48:51:14 – 01:49:27:14
Steven Miller: Yeah, no, I, I agree with everything you said. And just also another thing I want to add here is that if you take away the crypto markets here and just kind of ask about sentiment in the regular markets right now and any market outside of crypto you can think of, the general sentiment right now is is rather right. A lot of people are expecting prices to continue to lower. I think that’s one of the main things that’s going to make it really, really hard for Bitcoin and the other clients to really break out of their time zones.
01:49:27:16 – 01:49:43:03
Steven Miller: I think the consolidation is going to be right at 34 for Bitcoin. I think that’s probably where we’re going to be bouncing around for the foreseeable future. I don’t see it going down below 30 times. I think that’s probably where that.
01:49:45:12 – 01:50:17:06
Steven Miller: Strong support is going to is going to be found. Another thing I want to add here is if you kind of look at the price action for the past few weeks, we haven’t seen a lot of big moves from institutions in Wales. There’s been some, but a lot of the money leaving the exchanges and it hasn’t been put into action recently. So, you know, all it could take is a little inflow to provide some support. And you know, we’re monitoring that. But as of right now, it looks like an all quiet on the front.
01:50:17:08 – 01:50:21:07
Steven Miller: So it’s up to the retailers to move things. And we know we can. We know how that can.
01:50:23:17 – 01:50:27:16
Steven Miller: Joshua McDougal. I saw you came off of mute. Do you have any take on it?
01:50:28:20 – 01:50:44:08
Steven Miller: I don’t. You know, I’m an east maxy, so the merge is coming up. Ethan’s going to be become a deflationary asset, and I think that’s bullish. You know, short or medium term price action doesn’t really concern me with either. At least I.
01:50:44:25 – 01:51:20:11
Steven Miller: Agree with my friend. NFT plays I got I got to I know me and McDougal get have have compensated about the hug the hug y z I know I went I kind of went crazy when we talked about Metta. Mark Zuckerberg going for 47, 47.5%. This is rent Randi Zuckerberg’s project. Correct me if I’m wrong, MCDOUGAL And I I’m not sure if if because I feel the pre ment or because I haven’t met angel woman in weapons but I am on the list.
01:51:20:13 – 01:51:54:22
Steven Miller: I get one free and I can. These are mint passes for the hug X-Y-Z. I am able to make one free and get another 2.06 each. Also, I’m also looking at the oof collective oh f on twitter. It’s o f underscore x, y, z, our our fellow, our fellow luminary Rabb. He is a part of this team dropped in the email today a very, very lively place.
01:51:54:24 – 01:52:24:23
Steven Miller: I mean, I know that sometimes I make plays lively when I go there, but I was I was very impressed, reminiscent of a lot of these alpha groups. And I know we talked about members weeks ago, if you missed through collective, I think, you know, the Mint is very, very low .0169 and only 8000 of those. Now that means that in total they’ll probably be they’ll end up getting 16.9. That’s not much. But, you know, community builds out that way.
01:52:25:09 – 01:52:59:14
Steven Miller: As usual, do your own research. I’ve had some people reach out to me, say, well, hey, well, isn’t that a little bit risky if it’s such a low meant, you know, take take whatever precaution you need. I feel I feel bullish on it yet again that’s good collective and in they will be if you follow them on Twitter they will be announcing 69 minutes performance. So there will be ample time to check the contract out. And that’s what I got. Also, I mentioned that my life stars revealed the art is incredible on it.
01:53:01:02 – 01:53:28:19
Steven Miller: I had seen the sneak peeks. It was I was very, very happy with what I got. I kind of wish some of some of more of our Illuminati people got some sense. We had a little lobster community in there and I felt very left out because I did not join the the cyber brokers firewall thing. I got my mech arm but that that that color that colorful Mac. AAM looks awesome.
01:53:30:00 – 01:54:04:27
Steven Miller: Yeah. I’m thrilled with what happened out of that. I think it’s going to be a it’s going to continue to be a really great project going forward. The alpha that I have today, as much as I want to just talk about Moon Birds forever because I’m so envious of anybody they can get into that damn project is as it relates to a project that was brought up a little while back called G and Art by MGM. S. This is a guy that was really I’m not totally clear as to how he was related to the artifact community.
01:54:04:29 – 01:54:33:25
Steven Miller: But as I understand it, he’s one of the artists that kind of works more on the generative side of things within that group, not necessarily formerly with art, with artifact. But there is currently a rumor going around that the project itself is about to announce a formal collab with the Artifact and Nike teams. They apparently have taken a pretty considerable interest in the generative avatars that they’ve created there.
01:54:34:04 – 01:54:35:18
Steven Miller: Off I’m feeling honor.
01:54:37:02 – 01:55:11:03
Steven Miller: If you have not yet seen this project, I really strongly recommend you just go look at it and understand it. Like what you’re actually looking at is generative art. It’s something that is strictly coded and then output based on the transaction hash used as the inputs. It’s really, really fascinating. I never thought I’d ever see an Avatar project that is strictly generative, not just running it through with traits and stuff. It’s like actually a generative algorithm that creates these avatars.
01:55:12:17 – 01:55:18:02
Steven Miller: So I’d be on the lookout for that. That’s g n s s art by IMG Access.
01:55:19:02 – 01:55:26:07
Steven Miller: What’s. What’s the floor on that? I remember that I had a chance to meet that and I didn’t. So regretfully.
01:55:26:15 – 01:55:30:01
Steven Miller: It’s sitting at .55 right now, down from like .75.
01:55:34:03 – 01:55:35:10
Steven Miller: Bored. Almonds it out.
01:55:36:15 – 01:55:43:08
Steven Miller: Yet. Bored, bored. Daddy, I finally vented out. I’m glad I’m still super long on that one. Personally.
01:55:45:01 – 01:55:50:14
Steven Miller: The last two that I want to mention. I’m going to skip over, be friends, because I’m sure that nobody was able to get into that
01:55:52:03 – 01:55:59:14
Steven Miller: and NFT worlds. I think a lot of people are really sleeping on NFT worlds still, these probably most underrated product out there,
01:56:01:15 – 01:56:38:00
Steven Miller: but they just announced they’re going to be dropping their Avatars project, which is gonna be 15,000 playable Genesis characters in its upcoming collection. So you’ll be able to use those characters and play with those on NFT worlds. And then lastly, like as I almost feel obligated to do so, but at the same time I’m just really frickin excited and I think it’s going to be a great time. Illuminati just made a big batch of announcements last night and Banger. It’s getting very, very real, very quickly and I think that this floor is not going to be around for a while.
01:56:38:15 – 01:56:47:28
Steven Miller: The forest lord, man. Honestly, if I had if I had the liquidity, what we’re seeing now, right now, .35 ish, that might be getting.
01:56:48:07 – 01:56:48:27
Steven Miller: Loads but yeah.
01:56:50:05 – 01:56:51:03
Steven Miller: That’s what I be getting.
01:56:51:29 – 01:56:53:04
Steven Miller: Yeah, I got it.
01:56:53:13 – 01:56:54:14
Steven Miller: My ninth pyramid.
01:56:55:00 – 01:57:27:20
Steven Miller: I know that we’ve got one of the the local gems in the in the audience right now. If you if you’d like to go up and shoot the shit on some alpha. Feel free to while I put a dogecoin in the jar. But of course I’m talking about entropy there. Entropy is the jam of merch over at the good ole Illuminati headquarters. We are as a community, all really, really stoked. Not just that entropy is now on the team formally, but that he’s going to be making some dope merch for the community.
01:57:28:22 – 01:57:33:11
Steven Miller: I think that the biggest piece to me actually is something that
01:57:35:10 – 01:57:47:09
Steven Miller: Rico, you and I actually went back and forth on a little bit way back when the first announcement got made, and I think you had some concern about it back then, that. BARSTOOL Yeah, the Dallas stuff, I think they.
01:57:47:18 – 01:57:48:07
Steven Miller: Figured it out.
01:57:48:27 – 01:57:56:10
Steven Miller: I think that not only they figured it out, but I think that it makes a lot of sense the way that they’re doing it now that I’ve reflected on it for two and a half months.
01:57:58:28 – 01:58:05:15
Steven Miller: The way that they’re doing it. For those that are not informed on the matter, they’re basically breaking it out so that they have
01:58:07:13 – 01:58:33:24
Steven Miller: a Dow token that is going to be a separate NFT and then you’re going to have your Illuminati NFT, your Illuminati NFT is basically your passport to be able to attend access events, access discord servers, get, you know, the benefits of membership. But your DAO token is your means of voting on all the stuff that goes on within the collective.
01:58:35:18 – 01:59:11:22
Steven Miller: The big differentiator here to me is like when you look at proof collective and the proof passes that are currently selling for like 90 F, the big benefit there is that you get to vote and you get to have early access to stuff, right? Well, that’s the Illuminati access token. They also have already baked in their governance and using the proof passes for that for the first three years. Here is where I think Illuminati and this is a big, bold claim and I’m just going to stick to it. I think the Illuminati is going to end up being up there like proof in the next 6 to 8 months.
01:59:11:29 – 01:59:13:24
Steven Miller: That would change my life and I’d love that.
01:59:14:14 – 01:59:14:29
Steven Miller: There were.
01:59:15:12 – 01:59:48:07
Steven Miller: I want to say like my, my confusion at first when when Alex had mentioned the the separation of the Dow token with the with the art itself, I saw for me the announcements I kind of had I kind of had conflated both of them as being one. You know, you’re you’re getting if you’re getting Dow tokens that are of that are tied to the tokens you have, then, you know, I figured it’s okay.
01:59:48:09 – 02:00:06:11
Steven Miller: It’s one in one. They are connected. They it’s their proportionate every so what I was looking for. But that being said, I had not I had not really understood how down mechanics works. I worked I didn’t know how much it would call it.
02:00:08:29 – 02:00:40:05
Steven Miller: I’ll say this now, seeing the amount of projects, now seeing the, the, the, the ecosystem that we’re developing, it makes, it makes a lot more sense to me. Like back then it was just Illuminati NFT. Now that we see more things on the horizon, the, the, the tangible utility for it, it’s, it’s not, it’s not abstract anymore. Like there is, there’s, there’s a tangible setting for its use and entropy.
02:00:40:07 – 02:00:56:20
Steven Miller: Yesterday in the in the AMA he said well we don’t want to call it merch. I like that, I like that term tangibles. I wonder if is going to come up and tell us what what he thinks a a good term for that we can allude to merch would be.
02:00:57:01 – 02:01:26:27
Steven Miller: Yeah well we’ll have to see. I’ve been trying to goad him on to get up on stage with us today, but apparently he’s feeling shy. Oh, oh, so, so sad. But, you know, maybe we can just peer pressure him into it instead of like what I was getting at with, like, my comp. Truth is this. It seems to me like proof is doing this whole thing where they have the past in a small population to then doing moon birds and large population. I think that it kind of feels to me like
02:01:28:18 – 02:02:06:22
Steven Miller: Illuminati is doing it the inverse way and I’m perfectly okay with that. But the reason why I’m super okay with that and I think the value is going to come back around to the Illuminati community is that proofs collective pass. Has a time button on it, basically saying that like there is an expiration to this pass. In the Illuminati ecosystem, we don’t have an expiration. So to me that is a higher degree of value than what you’ve collected is doing because proof collective, eventually the valuable time out there will be no more.
02:02:07:05 – 02:02:22:14
Steven Miller: So I’m curious about it. I think it’s going to be interesting to see how it develops going forward. But that’s my personal take. I’m really excited about what they have coming up with GA and The Decades Project, what they’re calling. I’m going to blow the pronunciation on.
02:02:24:12 – 02:02:24:28
Steven Miller: President.
02:02:26:17 – 02:02:50:17
Steven Miller: Yeah, let’s go with that. Well, whatever. You just let go. I think that’s going to be a huge value add because that to me starts to compete directly with what proof is doing with their GRAIL’S initiatives. And of course, GRAIL Season two is coming soon. But I think there’s a lot of value to having an exclusive access platform like that within an ecosystem like Illuminati.
02:02:51:05 – 02:03:06:19
Steven Miller: I also think that the the advent of us of JPEG Morgan, which I still think is an incredible name, JPEG Morgen partnering for the Alpha and Illuminati, that, that, that’s very, that’s very worth worthwhile.
02:03:07:01 – 02:03:09:00
Steven Miller: Oh yeah. That’s going to be huge.
02:03:10:15 – 02:03:13:20
Steven Miller: What is the TLDR on Proof Collective?
02:03:14:21 – 02:03:19:04
Steven Miller: So Rico, do you want to try the tldr on it? Because I’m not.
02:03:19:06 – 02:03:48:20
Steven Miller: I’m never sure how it proved collective proof collective launched launch months ago. 92 is flor. It’s an alpha group. Consider consider it. What is it. I think a thousand passes. So it’s it’s what syndicate is what syndicate aspires to to be. It’s what alpha lets with most alpha groups aspire to be. If you. If you ask me.
02:03:54:01 – 02:04:25:13
Steven Miller: The only thing that I would try to say in addition to that it’s going to take this from TLDR to just flat out steal is the proof’s big benefit is injecting more value than humanly imaginable back into the base. So it’s not just the alpha. It’s also the access to exclusive drops like they do to the grills. Platforms of grills is basically access to like the biggest artists in this space.
02:04:25:17 – 02:04:55:25
Steven Miller: And because the head of proof is Kevin Rose, he has some of the craziest connections in the space. So like he had Tyler Hobbs and Dimitri. I always mess up his last name, Cherney and then Gary Vee and a couple other really massive artists do like specific pieces for the Rails community, which is basically proof that proof has the opportunity, proof pass holders have the opportunity to claim it.
02:04:56:23 – 02:05:00:03
Steven Miller: And then all of a sudden they have this piece that’s worth like 50.
02:05:01:18 – 02:05:34:10
Steven Miller: It’s insane what he’s able to do. But Kevin is one of the best in the biz. He’s got one of the most loyal followers, and he’s got like 1.6 million followers on Twitter now. But he’s been doing it for a while. Very, very, very good community to be a part of. But again, it expires if the rest of Illuminati expands on things the way that they have been planning to do so, creating additional value, making more drops and access points to greater value for the community.
02:05:35:29 – 02:05:40:06
Steven Miller: We’re going to we’re going to see it run. It’s just going to be a question of how high it can really go.
02:05:41:04 – 02:06:11:22
Steven Miller: You know, I want to talk about something subtle that always got to me at the you know, when I first saw the Illuminati pins are the the prospect of being that that powerful secret society of the metaverse. To me, it’s so, so grandiose that I just had to, you know, at well, I had to take a chance. And this was like most things sight unseen. This is before the website was up.
02:06:11:24 – 02:06:23:17
Steven Miller: I just seen the pins. You know, there was a Twitter and Twitter account that just was called truth. I’m like, okay, like this is this. This looks like it has the right elements.
02:06:25:19 – 02:06:54:17
Steven Miller: Thus far thus far, they they are delivering. And I’m very I’m very happy with this. I’m also really I’m also really high for a trip that kids man or true children, whatever they decide to call it. I think it’s very, very wholesome and really, really cool that that that process, Grace, Sun and Novavax are doing are doing this art and it’s going to and that it also
02:06:56:02 – 02:07:27:05
Steven Miller: that it also counts as points for a raffle system. I think that’s that’s really cool and I’m psyched to see where that goes also. And also with the with with the wood redacted or the archives, you know, having, having photography on it. Like my, my sister’s a photographer. She has a big she also also has a big, you know, grand grandiose project where she cycles throughout the world. And she takes, you know, she takes pictures of that for people everywhere.
02:07:28:20 – 02:07:36:09
Steven Miller: I, I, I see I see her being on this once she finishes her, her world tour. So
02:07:38:09 – 02:07:48:00
Steven Miller: this is this is definitely a place for me to call home. And I’m just really happy that my sister listened to me and went in. She’s the owner of 225.
02:07:48:27 – 02:07:57:02
Steven Miller: Nice. Well, that’s awesome. Well, look, I think there’s a lot of positives coming out of it. I hope your sister does get into it.
02:07:58:24 – 02:08:05:16
Steven Miller: I don’t know why. I just want to say it to be kind of a final thought here, despite the fact that I keep paying entropy to come up on stage.
02:08:07:13 – 02:08:32:14
Steven Miller: I had a thought. For what? Like we should absolutely try to convince somebody within the Illuminati to do and develop. We should see a spin off collection either from cryptic kids like their second generation project or just like a mischief project from within the Illuminati. That’s based on the ideas like misinformation and just cult, like creating a project for it called Sweet Little Lies.
02:08:33:20 – 02:09:12:18
Steven Miller: Snort Off Norge. Yeah, I like that. I like that a lot considering that disinformation and misinformation is is, is, is a very is a very polarizing thing that people are living by as credo these days with how some media outlets are doing and what’s going on in Russia right now. You know, living living in Trump country, Pennsylvania, there’s a lot of a lot of people once they are once they start looking at the other side, it seems like they’re being eaten by a form of I’m not going to say denial, but, you know, that aspect of denial is there.
02:09:13:05 – 02:09:46:21
Steven Miller: But, yeah, you know, you’ve seen lies being weaponized over want to say the at least in America over the past six years. And you know there is considering how many influencers or thought leaders exist in this space. And I think there is there is a spot for it as long as it can be done in a way that isn’t causing harm, you know, like, you know, it being being web3 there’s.
02:09:48:13 – 02:09:56:19
Steven Miller: Trolls can be funny. I’m saying. I’m thinking that if we can, if we can. If we can keep it satirical. I think that’s a great idea.
02:09:57:19 – 02:10:29:18
Steven Miller: Yeah, I’m with you. Well, look, that’s going to do it for this week’s edition of Nonfungible Thursday. Happy hour. I appreciate every single one of you guys for being here. McDougall, get Rico. Matt Entropy. Peter Pebbles. Pebbles the man all the way from across the pond or two. And then of course, percentage matter. Thank you for being here for your very first time. Friendly reminder to the peanut gallery. That is that we have pro apps. That’s right. First proof of actual participation nfts that we put out to everybody.
02:10:30:03 – 02:11:01:18
Steven Miller: And for the first week in like at least over a month and a half, I decided to be super proactive about it. And I started to send them to everybody in the middle of this session. So if you were in this Twitter space, you already have a link. You can check your discord or your Twitter wherever I was able to find you to download, slash, acquire your very own pull app for this week’s addition of Nonfungible Thursday, which, by the way, special edition this week, because this is officially the 10th Nonfungible Thursday that we’ve hosted.
02:11:01:24 – 02:11:33:17
Steven Miller: So you’ve received a challenge coin number ten as your pro app. Today we will be doing a search across these in the near future for, let’s just say, a fun little reward. So keep on collecting challenge coins, guys. Keep coming back to Nonfungible Thursdays here with cryptocurrency again, this space is only made possible by cryptocurrency. Who is essentially your connection to what’s going on in the world of Web three, whether that’s by way of thought leadership or just by these sessions where we can get you the latest news of what’s going on in the space.
02:11:35:21 – 02:11:41:09
Steven Miller: Rico talk to the people about where they can find you in any of your recent works.
02:11:42:21 – 02:12:42:03
Steven Miller: So my my recent my recent work that I’m most proud about has been the, the ricochet rap recaps ricochet rap reports that I do hear on my Twitter. I like to I like to retweet this. And sometimes if you want to just look for that, I’ll put what time stamp they start out also on my page you can see my my SoundCloud that’s I’m still working on a still working on a debut album but anything that I do in the NFT world, I make that instantly available and also I have a series of acapella is on opensea that’s when I first started getting acquainted with what NFT is that’s open see that I oh slash ricochet Guevara that’s ah I see 0cheg you eat the air ay.
02:12:42:05 – 02:12:49:05
Steven Miller: And if you hit created you can see a bunch of couples that I created on. So that’s that’s about it.
02:12:50:05 – 02:13:15:02
Steven Miller: All right, guys. Well, hey, that, again, is going to do it for another non-fungible Thursday in the books. If you did not receive it, pull up for me. You’re either lying or having technical difficulties. So just shoot medium and I’ll gladly help you sort that out. But until next time, folks, we hope that you’ll come back for another nonfungible Thursday, next week, 7 p.m. Eastern time. But until then, we hope that you will always stay. Cryptocurrency. Have a good one.
02:13:15:15 – 02:13:17:05
Steven Miller: Stay calm. Let’s.
02:13:18:28 – 02:13:50:07
Steven Miller: So that’s it. That’s a quick inside look at our Nonfungible Thursday Twitter space. I hope you enjoyed it. I hope it convinced me that you should be dropping in and chatting with us next Thursday at 7 p.m. Eastern Time. But for now, this has been another edition of cryptocurrency. We hope you will come back and see us next time and check out our content across not just Twitter spaces, but also our website Crypto Dash Current ICO so that you can get more informed on what’s going on in crypto and learn a little bit from our editorial team. But until next time, certainly hope that you’ll stay.
02:13:50:09 – 02:13:51:21
Steven Miller: Cryptocurrency. Have a good one.
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