2022-08-17T13:00:04.304Z piovincenzo_:  Ohh what up y'all.
2022-08-17T13:00:05.039Z piovincenzo_:  You
2022-08-17T13:00:15.373Z piovincenzo_:  y'all ain't no. I go by the name of Lupe Fiasco, representing that first in 15 G.
2022-08-17T13:00:28.806Z piovincenzo_:  And there's some right here. I dedicate this one right here to all my homies out there grinding. You know, I'm saying, legally and illegally. You don't talk about.
2022-08-17T13:00:59.137Z piovincenzo_:  So check it out first. Got it when he was six. Didn't know when he tricks matter of fact first time he got on it, he slipped, landed on his hip and busted his lip for week here at the top of the list. Like this. Now working in the story right here but surely didn't quit. It was something in the air. Yeah, he said it was something so appealing he couldn't fight the feeling something about it. He knew he couldn't doubt it. He couldn't understand it, brand it. It's just the first kick flip you land
2022-08-17T13:01:29.555Z piovincenzo_:  And his name was couldn't stand his soul. He was banished to the park, started in the morning. One stopped after job. Yeah, when they said it's getting late in here. So I'm sorry young man, there's no skating here and so we kick, push, kick, push, kick, push, kick, push, push and the way he rolled just the rebels of the world with no place to go. And so we kick, push, kick, push, kick, push, kick, push cups so come escape.
2022-08-17T13:01:33.418Z piovincenzo_:  Maybe just a rebel looking for a place to be so that's kinky.
2022-08-17T13:01:36.028Z piovincenzo_:  And push.
2022-08-17T13:01:38.569Z piovincenzo_:  Hey, cups.
2022-08-17T13:01:40.581Z piovincenzo_:  Aunt.
2022-08-17T13:02:12.382Z piovincenzo_:  My man got a little older, became a better roller, no helmet, hell bent on killing himself is what his momma said but he was feeling himself. He got a little more swagging staff met his girlfriend she was clapping in the crowd. Love is what what was happening to him now he said I would marry you but I'm engaged cities marry you was in barrios and I don't think this board is strong enough to carry two. She said Bam I weigh 120 pounds now let me make one thing clear. All need to ride yours I got.
2022-08-17T13:02:42.382Z piovincenzo_:  I'm right here, so she took him to a spot he didn't know about some mold in the apartment parking lot. She said I don't normally take dates in here. Security came and said I'm sorry there's no skating hands so they kick, push, kick, push, kick, push, kick, push, coast and the way they roll just lovers in the plane with no place to go with somebody kick, push, kick, push, kick, kick, push, cuffs. So come escape with me just a rebel looking for.
2022-08-17T13:02:47.387Z piovincenzo_:  Place to be so let's kick and push.
2022-08-17T13:02:49.241Z piovincenzo_:  Pickles
2022-08-17T13:03:20.212Z piovincenzo_:  yeah, uh swanky, Jia Jia. Before he knew he had a crew that won no pump and they spent by his shirts and SB dunks, they were pushed until they couldn't skate. No more office building lobbies wasn't safe, no more and it wasn't like they wasn't getting chased no more. Just the freedom was better than breathing, they said and escape route. They used to escape route when things got crazy they needed to break out. They head to any place with stairs. Any good grinds? The world was theirs and they fall
2022-08-17T13:03:38.621Z piovincenzo_:  Wheels would take them there, and so the cops came and said there's no skating in here and so they kick, kick, push, kick, push, kick, push, coast and the way they roll, just rebels without a cause with no place to go with. So they kick, kick, kick, kick.
2022-08-17T13:03:45.103Z piovincenzo_:  So come roll with me just to rebel looking for a place to be. So let's kick.
2022-08-17T13:03:48.098Z piovincenzo_:  Push.
2022-08-17T13:03:50.272Z piovincenzo_:  Ankles.
2022-08-17T13:03:52.804Z piovincenzo_:  Swanky.
2022-08-17T13:04:12.576Z piovincenzo_:  
2022-08-17T13:04:08.645Z piovincenzo_:  
2022-08-17T13:04:40.231Z piovincenzo_:  
2022-08-17T13:04:27.587Z piovincenzo_:  The flowers.
2022-08-17T13:04:33.048Z piovincenzo_:  Beautiful.
2022-08-17T13:04:37.556Z piovincenzo_:  Go drink.
2022-08-17T13:04:39.445Z piovincenzo_:  To make the.
2022-08-17T13:04:43.648Z piovincenzo_:  I'll talk to the father.
2022-08-17T13:04:47.538Z piovincenzo_:  Ohh
2022-08-17T13:05:18.906Z piovincenzo_:  keep them happy because they might fall out if he tries to tear the height. So when Mike pass out if he flies, keep them all out of time 'cause. I can't drive room enough for one to kill. My home state can't ride unless you're sitting on the shoulders, but that's way too high. Let's try not to step on the shield. Trending news cameras filming this project building not as wholesome and homes like right around the toes and the crack heads back and about the lower leg crooked policies that station.
2022-08-17T13:05:39.025Z piovincenzo_:  The games that they do Dr Bys like up and down the thighs and that's the car chase going on at the waist keeper vests on my chest. I'm sitting in my room and I'm looking out the face so I'm gonna write about. I still got some damage from fighting in the White House just so I fell asleep in the flowers.
2022-08-17T13:05:40.471Z piovincenzo_:  No.
2022-08-17T13:06:09.172Z piovincenzo_:  
2022-08-17T13:06:22.44Z piovincenzo_:  Come on everybody, let's make cocaine cool. We need a few more half naked women up in the pool and homeless maximus all covered in jewels. And can you please put your titties closer to the 22? Champagne, champagne. Now look as hard as you can with this blunt and your hand in there. Hold up your chain. Slow motion through the flames like you're smoking. Shames every simulator range.
2022-08-17T13:06:26.09Z piovincenzo_:  Make me sleep one day.
2022-08-17T13:06:32.174Z piovincenzo_:  What the world is keeping up both please white lady dreaming me and my robot.
2022-08-17T13:06:42.736Z piovincenzo_:  I had to turn my back on. What got you paid? I couldn't see had the hood on me like I moved great but I'd like to thank the streets that drove me crazy.
2022-08-17T13:06:44.649Z piovincenzo_:  
2022-08-17T13:06:53.329Z piovincenzo_:  Come on.
2022-08-17T13:06:56.323Z piovincenzo_:  Yay.
2022-08-17T13:07:18.073Z piovincenzo_:  
2022-08-17T13:07:10.927Z piovincenzo_:  
2022-08-17T13:07:25.788Z piovincenzo_:  
2022-08-17T13:07:35.611Z piovincenzo_:  
2022-08-17T13:07:31.311Z piovincenzo_:  
2022-08-17T13:07:35.797Z piovincenzo_:  
2022-08-17T13:08:04.498Z piovincenzo_:  
2022-08-17T13:08:02.831Z piovincenzo_:  
2022-08-17T13:08:31.614Z piovincenzo_:  Good morning, ladies and gentlemen. It is Wednesday, August 17th. This is the NFT morning show. We do the show Monday through Friday, 9:00 AM to 10:30 AM Eastern Time each and every week where we talk all things NFT market, all of the stories of the NFT space, the good, the bad, the ugly and the rugs. We talk about it all. If you want to contribute to the conversation request to speak, I will let you on stage. No self promotion allowed, but you can totally give us your thoughts on the NT.
2022-08-17T13:09:01.908Z piovincenzo_:  Market, you can surface underserved projects if you will, as long as they're legit. Come on, you know what to do? Really excited to get into it today. We may be joined by Sir Jito, an NFT market OG of sorts. He started right around the same time as me. Definitely I would consider him a whale, so we'll be curious to hear his thoughts on the market. That'll be later in the show. But I'm PO here with my co-host nifty Nick signal, the writer of the best.
2022-08-17T13:09:07.886Z SpeculatorArt:  No.
2022-08-17T13:09:32.146Z piovincenzo_:  Newsletter in the NFT space. King kicks the CEO of Crypto Raiders he knows crypto gaming. There he is easy. It's bodega the head of the Salona vertical at the nifty about to literally blow up and be a much bigger deal than anyone else on stage. And then some of our badass speakers, Depeche Node. Now the host of node mode, a new podcast in the NIFTY ecosystem, Spencer Gordon Sand. Before you know it, Spencer Spencer's going to be investing.
2022-08-17T13:10:02.828Z piovincenzo_:  In the companies that you're using, every day, he's gonna be a big deal in venture capital. And of course quadzilla the man quad riding the moon birds to zero. And I'm just kidding. Quad and shout out to all my moonbird holders out there. Shout out to Kevin Rose and the moon birds. Anyway, we're going to get into the show. We're going to talk about the space last night with board a Yacht Club that might my cofounder Nifty Nick closed out. Nifty Nick was the last speaker on stage in the iconic bo
2022-08-17T13:10:26.922Z piovincenzo_:  I'm illada producer shout out to Ila right here. I think it's probably too early for him to be in the crowd. He's out on the West Coast, but that was incredibly cool to have that happen during that show last night, and we're going to talk about all the stories of the space. I'm looking at the top 10 on open sea and it's it's definitely an interesting batch of projects that are commanding the market's attention so you know before I go any further nifty Nick. What's going on?
2022-08-17T13:10:30.892Z allnick:  Yeah, I sold my doodle at the bottom yesterday. I'm feeling great.
2022-08-17T13:10:32.618Z allnick:  So.
2022-08-17T13:10:35.608Z allnick:  
2022-08-17T13:10:36.178Z piovincenzo_:  Yeah, but I mean how much did it really go up? The floor is 7.35.
2022-08-17T13:10:40.681Z piovincenzo_:  Has it really?
2022-08-17T13:10:43.097Z allnick:  Dude, it's flying. It's gone up .5 since I sold man let me tell you, it's just absolutely, uh, actually .8.
2022-08-17T13:10:44.994Z allnick:  But.
2022-08-17T13:10:46.29Z piovincenzo_:  Ohh shit, OK, that's actually more than I thought.
2022-08-17T13:10:47.647Z allnick:  But whatever.
2022-08-17T13:10:49.518Z allnick:  I do.
2022-08-17T13:10:50.934Z EasyEatsBodega:  They still haven't tweeted in 15 days.
2022-08-17T13:10:52.269Z piovincenzo_:  Wow.
2022-08-17T13:11:02.375Z piovincenzo_:  
2022-08-17T13:11:06.071Z piovincenzo_:  There is.
2022-08-17T13:11:20.868Z allnick:  I I feel like that's like that's like the entire analysis of it. It's like, oh, they haven't tweeted. We gotta sell the shit out of this project, which is so ludicrous. I mean, there's some legitimacy to that, like you don't have. You don't have a social media manager who's like tweeting. I don't understand. Like the IT, it doesn't they? They have a lot of money, so it is kind of odd not to like engage with anything like some people are being like.
2022-08-17T13:11:22.667Z allnick:  Great, now we got uh.
2022-08-17T13:11:53.223Z allnick:  Uh, you know FUD about uh, doodles not tweeting. Comparing it to like board apes, not launching it, making any announcements last night. But outside of that? I mean there is there is some legitimacy to it. I'm more I I've been watching the doodles and wanting to sell only because when they announced that there was essentially going to be infinite supplies of doodles, that's usually not a bullish sign. Although maybe they figure out a way that that actually is compelling and.
2022-08-17T13:11:56.472Z SpeculatorArt:  Are they?
2022-08-17T13:11:55.697Z allnick:  Basically, they're one of the best teams in the space.
2022-08-17T13:11:58.958Z allnick:  Wow, OK.
2022-08-17T13:11:59.999Z sgsand1:  I agree.
2022-08-17T13:12:01.717Z piovincenzo_:  
2022-08-17T13:12:01.55Z allnick:  Well, I'm
2022-08-17T13:12:03.016Z sgsand1:  With the art.
2022-08-17T13:12:05.658Z allnick:  No, that's what he said.
2022-08-17T13:12:06.66Z piovincenzo_:  Ohh wait, Spencer agreed I thought kicks just said are they? And then he chimed in and agreed.
2022-08-17T13:12:08.275Z allnick:  He.
2022-08-17T13:12:09.111Z sgsand1:  No, I agree with the are they?
2022-08-17T13:12:10.028Z piovincenzo_:  Oh, OK.
2022-08-17T13:12:22.3Z SpeculatorArt:  Whoa.
2022-08-17T13:12:26.003Z piovincenzo_:  
2022-08-17T13:12:25.546Z piovincenzo_:  
2022-08-17T13:12:28.459Z allnick:  No space, ohh really OK. So we got two people yo. Good thing I sold because we got 2 authorities in this space expressing their opinions in a similar way to mine and we and and we're opposed to diversity of thought. You know on this show so so it's a good thing that we're all in agreement here.
2022-08-17T13:12:30.614Z DepecheNode_:  
2022-08-17T13:12:33.526Z piovincenzo_:  No, no, that. That the Knicks. Just joking, ladies and gentlemen, we definitely want to hear both sides of the equation.
2022-08-17T13:12:50.178Z allnick:  OK, are we gonna are we going to be a are you concerned we're going to be attacked for lack of diversity? Is that this? Is that the next thing that's coming in terms of I am curious to hear what kicks and Spencer are like. Are they though? I'm curious where that where that comes from.
2022-08-17T13:12:54.371Z sgsand1:  Yeah.
2022-08-17T13:12:55.317Z allnick:  
2022-08-17T13:12:57.767Z allnick:  
2022-08-17T13:12:58.052Z allnick:  Well.
2022-08-17T13:12:58.141Z allnick:  
2022-08-17T13:12:58.928Z piovincenzo_:  Well Spencer, take it away. I mean look hard. We're getting right into it, ladies and gentlemen, we're gonna do this chat before we even get into signals, weather report Spencer. Let's go.
2022-08-17T13:13:08.115Z allnick:  
2022-08-17T13:13:10.436Z allnick:  
2022-08-17T13:13:29.692Z sgsand1:  Yeah, so here's my thing with doodles. I like the team, but like you also have to look at where they came from. Like like this is like, poopy was the guy who did a lot of the like crypto kitties in the first cycle, right? And crypto kitties had a lot of issues and they came over and the arts great. But they've really delivered nothing except for like a couple of cool tech things and some some more art. And at their event like they announced that they like they announced space doodles to you with
2022-08-17T13:13:55.496Z sgsand1:  That Pharrell, who never tweeted about it, never engaged with it, wasn't at the announcement of his involvement, and then they're doing like a music thing, so they become a music addict like it. Just it. Doodles has always felt like like they weren't really like they've delivered so hard on the IRL experiences because they weren't putting time, effort, energy and resources into delivering on anything else. And then they've really not promised that they're delivering on anything else, right? And 
2022-08-17T13:14:10.208Z sgsand1:  I know like I think it's I really like the art the team has experience, but also if you look at their track record they don't really have this experience of delivering much like it's it's. It's shouldn't be surprising. It's kind of the same playbook.
2022-08-17T13:14:13.657Z sgsand1:  
2022-08-17T13:14:17.156Z piovincenzo_:  OK kicks and then quads got his hand raised. We're starting off right. Ladies and gentlemen. We're talking about something kicks. What are your thoughts?
2022-08-17T13:14:23.467Z SpeculatorArt:  Yeah man, I'm not. I'm not trying to, you know, sit up here and like trash on projects I mean like doodles.
2022-08-17T13:14:26.513Z allnick:  Sounds like you are sounds like you are go ahead.
2022-08-17T13:14:29.656Z SpeculatorArt:  And then go get yourself a Mai Tai from the airport lounge. OK buddy.
2022-08-17T13:14:33.698Z piovincenzo_:  
2022-08-17T13:14:38.18Z allnick:  
2022-08-17T13:14:51.47Z SpeculatorArt:  Yeah yeah, but but yeah I mean I, I pretty much echo exactly what like Spencer said, which is that it. It's just. It's unclear to me like the the the direction that they're going and and the real like overarching vision that they have. I know a lot of NFT projects love the.
2022-08-17T13:15:06.285Z SpeculatorArt:  The the to to like exude mysteriousness, but I think a lot of times just because no one has any idea what they're actually doing. And yeah, I think it's great art. It's phenomenal art. It's like actually one of the few.
2022-08-17T13:15:10.007Z SpeculatorArt:  PFP projects out there where you can actually be like, oh, this is like.
2022-08-17T13:15:30.809Z SpeculatorArt:  Really cool like it. It's very pleasing to the eyes, but I mean I, I just have concerns that they they have the chance of going down the cool cats route, which is like I I've it kind of seems like the same moves are being made like let's go hire some other people to be the CEO's like. Who the fuck do you hire to be the CEO of an NFT company?
2022-08-17T13:15:33.135Z SpeculatorArt:  What I mean like, let's be real here.
2022-08-17T13:15:33.61Z SpeculatorArt:  
2022-08-17T13:15:37.007Z allnick:  
2022-08-17T13:15:39.327Z piovincenzo_:  Like should I should we just we gotta just hire some some dope CEO from somewhere else right? I mean.
2022-08-17T13:15:39.47Z allnick:  Four former executive.
2022-08-17T13:15:49.666Z allnick:  
2022-08-17T13:15:58.52Z sgsand1:  Umm?
2022-08-17T13:16:09.057Z SpeculatorArt:  Like one of the biggest things in traditional tech startups, there are exceptions for sure, but people are really bullish on like founder LED businesses, at least for like the first couple of years because like if you're in any sort of innovative space, like the person that did, the original innovating should probably be at the driving seat in some some way. You know shape or form, but it it once again it's fine. If other people come in. If you have a CEO that's like an operator kind of CEO, whi
2022-08-17T13:16:29.733Z SpeculatorArt:  That's all fine when I'm just trying to say is that I see the potential for doodles to kind of go down. The cool cats route where it's like we don't know exactly what we're doing and we're kind of just shooting a bunch of different shots. And if those don't hit then the you know floor place, can you know, potentially continue to bleed, but I'm not the one that fucking sold my doodles. I don't know why I'm getting heat up here. You know what I'm saying?
2022-08-17T13:16:30.839Z allnick:  Yeah, I.
2022-08-17T13:16:31.541Z piovincenzo_:  Wait, you have a doodle kicks?
2022-08-17T13:16:34.032Z allnick:  
2022-08-17T13:16:34.39Z allnick:  
2022-08-17T13:16:35.139Z SpeculatorArt:  No did I saw that like a lifetime ago.
2022-08-17T13:16:40.93Z piovincenzo_:  
2022-08-17T13:16:57.959Z allnick:  It's all that shit at the top player and I was gonna say we're looking at the CEO of Lockheed Martin, Northrop Grumman and some other weapons systems companies to come and take over our NFT media company. So if any of them are in the audience right now, would love to speak to them about sort of just broad strategy within, uh, this sort of new industry.
2022-08-17T13:17:06.515Z piovincenzo_:  Absolutely. You know quad you raised your hand during the doodles discussion. Is that you know it was it to talk about doodles for a minute?
2022-08-17T13:17:36.055Z quadzillatd:  Yeah, yeah, I think doodles are in are in an interesting interesting position. They have a lot of execution risk coming up, which is what I view as as probably their. Their biggest issue is you know they. They've spoken about doodles to potentially being on an alternate chain. That's obviously a huge risk to adding that to that experience to an alternate chain. I've actually bought a duplicator because I wanted to be involved in the NFT NYC experience because I was not a holder at.
2022-08-17T13:18:05.867Z quadzillatd:  Excuse me South by Southwest and the experience was absolutely so terrible that I sold my my duplicator. So you know, I think we talked about this all the time. That big projects. Anytime they launch something new or go a different route, it's an execution risk. Even other side was an execution risk for yoga and they they didn't execute and so when it comes to to something of that nature, I there's so much uncertainty around doodles and even if doodles like.
2022-08-17T13:18:17.678Z quadzillatd:  Noodles 2 space doodles. All those things work out. I have yet to have anybody explain to me how that brings whole brings value to the original collection of doodles.
2022-08-17T13:18:37.336Z allnick:  So.
2022-08-17T13:18:38.659Z piovincenzo_:  Yeah, and so you know what Spencer said stuck out to me because Spencer was like they released space doodles too without saying what space doodles one actually do. And my thing is, everybody needs to understand at this point. No NFT does anything like what? What do you mean like an NFT is going to do something? No.
2022-08-17T13:18:43.685Z piovincenzo_:  Yeah.
2022-08-17T13:18:44.483Z SpeculatorArt:  Yeah, I got a $10,000 pair from uh of shoes from clonex that I got a picture of them and I guess like.
2022-08-17T13:18:45.637Z allnick:  
2022-08-17T13:18:48.505Z SpeculatorArt:  Sometimes this decade I'll get a pair of them.
2022-08-17T13:18:50.924Z piovincenzo_:  
2022-08-17T13:18:54.861Z piovincenzo_:  
2022-08-17T13:18:54.741Z allnick:  I I didn't send my doodle to space and that felt like a missed opportunity, but it didn't change anything about it whatsoever.
2022-08-17T13:19:00.188Z piovincenzo_:  Yeah, like no NFT does anything right, so that's that's the fact of the matter.
2022-08-17T13:19:03.826Z georgiejpeg:  That's not true. Come on PO, I got a plush you from the alien friends.
2022-08-17T13:19:06.466Z allnick:  Ohh there OK true.
2022-08-17T13:19:08.821Z piovincenzo_:  So some some NF's give you stuffed animals.
2022-08-17T13:19:10.864Z SpeculatorArt:  Yeah.
2022-08-17T13:19:16.209Z allnick:  I I got to buy some hoodies from board API club and I was able to sell those on eBay for more, so that was pretty exciting.
2022-08-17T13:19:17.248Z piovincenzo_:  Kicks
2022-08-17T13:19:38.917Z piovincenzo_:  Yep.
2022-08-17T13:19:48.751Z SpeculatorArt:  Yeah man, I still like doodles. I'm not trying to like trash on them or send them to zero. I just think that they're they're a lot of projects in the NFT space, especially successful ones that have raised a lot of money and maybe have investors breathing down their neck are currently or about to be going through an identity crisis. And some of them will make it through it with flying colors. Other ones are going to kind of just like you know, you know like a kid throwing up a bowling ball down a
2022-08-17T13:19:55.123Z SpeculatorArt:  A bowling alley with with bumpers on the side. You kind of hope that those bumpers like lead it towards a strike.
2022-08-17T13:20:00.061Z piovincenzo_:  
2022-08-17T13:20:06.583Z piovincenzo_:  
2022-08-17T13:20:08.323Z allnick:  Like it's kind of like a kid waking up in the morning, a baby picking up a 18 pound bowling ball and then throwing it into the river, you know, and and then just like diving in after it and floating down alongside it. That's kind of what it's like.
2022-08-17T13:20:14.273Z allnick:  
2022-08-17T13:20:37.872Z piovincenzo_:  That's that great, great analogies, gentleman. So I mean, look, the the good thing that doodles did is they dropped the PFP collection during the PFP bull run. That effectively is one of the best ones. So like they came into a market and they made like the best of something, which is a big deal. It's just the fact of the matter, right, that the partnership with burnt toast and burnt toast applying his artwork to the PFP realm, you know, he he set an example.
2022-08-17T13:20:41.514Z piovincenzo_:  Florida see, you know, it's it. It was innovative at that time.
2022-08-17T13:20:53.61Z SpeculatorArt:  Yeah.
2022-08-17T13:21:06.274Z piovincenzo_:  Every light kicks out, every single NFT project is having an identity crisis because people keep asking what do I get? What it what does it do, what's the utility? And the answer to all those questions is there's nothing at this point. At this point, there's nothing. That's why Youga Labs making a game makes more and more sense to me every day, because at least it's something, right? At least they're making something kicks. Go ahead.
2022-08-17T13:21:36.445Z SpeculatorArt:  I was I was also going to just gonna preface once again because I don't like there's an there's a problem and not not a problem with NAFTA, but there's just the fact of the matter is that like 95% of projects just disappear through a variety of means. They just fell on their face or they slow rugged or they hard, rugged and so then the only projects left are the ones that like we can criticize. So it kind of like we have to preface all criticism being by being like hey, at least doodles is still
2022-08-17T13:21:51.472Z piovincenzo_:  Hmm.
2022-08-17T13:22:06.585Z SpeculatorArt:  Some great upside opportunity for people that bet on them early I I vividly remember at one point in time party degens and doodles are the same price and Nick was like sell your party DJ's and buy a doodle. And I stated Nick and I did not work out well once again. Point being that when we're criticizing projects, we're criticizing projects that are still around and are still trying to make stuff work. So we always just have to preface the criticism by being like hey thanks for at least still bei
2022-08-17T13:22:13.627Z piovincenzo_:  
2022-08-17T13:22:13.225Z SpeculatorArt:  Right like they could have zartosht us right? They could have started the doodles and they did it. You know they're still working.
2022-08-17T13:22:16.474Z piovincenzo_:  100, well, you're saying this, you you got you?
2022-08-17T13:22:20.319Z piovincenzo_:  No, no, but.
2022-08-17T13:22:21.978Z piovincenzo_:  Yeah.
2022-08-17T13:22:24.716Z allnick:  Thanks for showing up to work today. You know you've been. You've been sitting at the desk all day just fucking around on the you know Twitter, but yeah.
2022-08-17T13:22:28.423Z SpeculatorArt:  I'm a big butt and sweet guy. Nick. As long as they're butts in seats, you know what I'm saying.
2022-08-17T13:22:33.852Z allnick:  
2022-08-17T13:22:39.133Z allnick:  
2022-08-17T13:22:42.991Z allnick:  
2022-08-17T13:22:58.772Z piovincenzo_:  Hey, look at that and that's what it has to be. It also goes into what I've been talking about, which is a Web 3 business. Which doodles is a Web 3 business versus an NFT project. And if you want me to buy an NFT project, that's a hard, hard, hard no. But if you want me to buy a Web 3 business like a doodle or a moon bird or a potatoes, or you know a clone X yeah, I'm all in. I'm totally in. But if you're going to pitch me an NFT project, no, thank you. I'm good to go. I'm all set on that.
2022-08-17T13:23:14.61Z piovincenzo_:  Alright, well we got hands raised then we'll send signals, probably thrown off. Her weather reports been delayed, but we're gonna get to it in a minute. We got take off tone that's a pretty cool name take off tone. Who has his hand raised? I don't believe you been on the show before then I'm gonna throw a bell but take off tone what's on your mind?
2022-08-17T13:23:17.036Z TakeoffTone:  Yo GM, can you guys hear me?
2022-08-17T13:23:18.185Z piovincenzo_:  We can.
2022-08-17T13:23:25.326Z TakeoffTone:  We're we're OK. I haven't been on the show before, but I, TuneIn, you know. Basically every morning on my way to the gym.
2022-08-17T13:23:41.877Z allnick:  
2022-08-17T13:23:40.504Z allnick:  Cool.
2022-08-17T13:23:41.022Z allnick:  
2022-08-17T13:23:44.491Z allnick:  No.
2022-08-17T13:23:55.952Z TakeoffTone:  But I just had questions. I heard that I was talking about like the top teams in the space and like referring to doodles, is one of the top teams and I'm just curious is how we make those requirements for? What's the top team? Because like obviously, like you guys said during the bull they you know they had one of the top collections doodles are pumping a lot of people made money, a lot of people made flips. It was all good. But you know, during the bear like you said Mia no Twitter presence. Yo
2022-08-17T13:24:03.982Z allnick:  2nd.
2022-08-17T13:24:05.776Z allnick:  We'll see.
2022-08-17T13:24:08.243Z piovincenzo_:  Their Web 3 business for sure.
2022-08-17T13:24:13.361Z allnick:  So.
2022-08-17T13:24:13.368Z TakeoffTone:  Other teams that I kind of have, you know, a similar playbook, kind of like a cool cat, like we talked about, like cool cats, you know, they're at least doing something or building with their game they're trying. I don't have any cool cats. I'm not pumping my bags. Yeah, right, right, right. So how do we compare them as far as, like, top teams in the space? You know what I mean?
2022-08-17T13:24:24.913Z TakeoffTone:  
2022-08-17T13:24:25.439Z TakeoffTone:  
2022-08-17T13:24:28.01Z TakeoffTone:  
2022-08-17T13:24:42.668Z sgsand1:  Cryptokitties.
2022-08-17T13:24:44.21Z allnick:  I feel like there's a bunch of things associated with it. The biggest thing, or the reason that I even said that although everyone was like, excuse me, you're dumb so I don't know that everyone was in agreement on that. But I think the biggest thing is the only reason I said that was that they had a depth of experience in NFT space. They were around at the foundation of Oh my God. Why am I blanking on the 1st ERC 721 and FT project with the the Cats crypto kitties? There you go.
2022-08-17T13:24:51.318Z allnick:  So they helped create ERC 721 which is now what's used for the vast majority of NFT projects.
2022-08-17T13:25:16.296Z allnick:  You know that that gets you so far. Yeah, I've seen teams with world class smart contract teams who have not executed well or have been usurped or surpassed by superior teams that have done better jobs at execution. So. But the bottom line is like they they have a solid bench of talent.
2022-08-17T13:25:45.532Z TakeoffTone:  Yeah, definitely.
2022-08-17T13:25:47.86Z allnick:  The real question is, is like does the market reward that, and I think that that's something that's harder to determine. But, well, it's actually not that difficult to determine. The market doesn't doesn't give a shit about like the technical aspects of things like the price goes down. It like that doesn't matter at all really. People like yo that looks cool and then a bunch of other people are like yo that is cool. And then suddenly that's what gets rewarded. So but but but I still, I still thi
2022-08-17T13:26:01.569Z piovincenzo_:  Yeah.
2022-08-17T13:26:13.361Z SpeculatorArt:  Totally.
2022-08-17T13:26:14.445Z piovincenzo_:  The one being rewarded is is doodles.
2022-08-17T13:26:14.789Z piovincenzo_:  
2022-08-17T13:26:14.408Z TakeoffTone:  Yeah, I think the team is super experienced. I was just kind of curious how it compares to something like cool cats. You know, because obviously like to me in my perspective. Cool cats are like doodles and like some alternate universe you know. I mean like the projects are very similar, like artistically they're both aesthetically pleasing to look at. You know what I mean? They both have pretty solid teams or Web 3 experience, but one has been rewarded thus far and the other one hasn't. Well, it
2022-08-17T13:26:16.339Z TakeoffTone:  
2022-08-17T13:26:31.495Z TakeoffTone:  
2022-08-17T13:26:37.637Z TakeoffTone:  
2022-08-17T13:26:39.707Z TakeoffTone:  
2022-08-17T13:26:45.002Z SpeculatorArt:  Yeah, I completely agree with what takeoff is saying. Takeoffs is basically saying that like they, they both are projects that had relatively similar trajectories, relatively similar hype in the community, and they both have like done things. So like at the end of the day, like what's the difference between the two and take off like personally I think cool cats. I have a lot of respect for their team, especially because the price is going down so hard like you don't understand the amount of pres
2022-08-17T13:27:16.538Z SpeculatorArt:  When things aren't going well and yet people just like trashing on you chicken and you like at least cool cats like tried some stuff right? They tried milk. They tried the marketplace like yeah sure it didn't work out, but they're at least trying so you're 100% right man. It's a lot of times the difference between why a project is Hugo Lab style and why a project is down in the gutter is is more so the community around the project than the project you know developers themselves. A lot of times. 
2022-08-17T13:27:24.546Z SpeculatorArt:  If we're criticizing their actions, at least they're making actions, which puts them ahead of 95% of the other operators in the space.
2022-08-17T13:27:48.71Z piovincenzo_:  Yeah, and I think that doodles and cool cats are probably one of the best. Like head to heads that you can point to in the NFT space. And now that we're talking about it, I am surprised that the premium that's on doodles versus the cool cats floor that is pretty interesting when you start to think about it looks like the floor price on doodles is 7 1/2 etherium and the floor price on cool cats is what closer to like 2 at this point.
2022-08-17T13:27:50.442Z piovincenzo_:  2.4.
2022-08-17T13:27:52.74Z piovincenzo_:  Yeah.
2022-08-17T13:27:54.385Z piovincenzo_:  Like
2022-08-17T13:27:56.952Z allnick:  It's 2.4, so it's one third or 33%. If you divide by three, that's the number that you would end up with.
2022-08-17T13:28:00.538Z TakeoffTone:  
2022-08-17T13:28:05.023Z allnick:  
2022-08-17T13:28:26.32Z allnick:  
2022-08-17T13:28:22.777Z piovincenzo_:  Well, thank you Nick. I wouldn't been able to do that myself. Appreciate it so I wanna hear from Bell and then I. I'm loving having all our speakers wanting to speak but we gotta give signal her shine for people that don't know if if signal doesn't get to do her weather report. She basically just goes like gangster on me. It's like this like UK gangster thing where like you know in the UK people don't get shot they get like stabbed. She just starts sending me like knife pics.
2022-08-17T13:28:28.979Z allnick:  
2022-08-17T13:28:27.397Z _thesignal:  Yeah man, good stab you. I'm going to stab you PO are you getting your weather report or what? Because I'm bringing the East End.
2022-08-17T13:28:28.651Z piovincenzo_:  Yeah, they they have it. She's a hooligan.
2022-08-17T13:28:32.119Z allnick:  
2022-08-17T13:28:33.145Z piovincenzo_:  
2022-08-17T13:28:33.327Z _thesignal:  I'm bringing these things. Can we get to these weather report? OK I've gotta go get some tan right?
2022-08-17T13:28:45.67Z piovincenzo_:  Ohh, boys, I'm already like, I'm. I'm trembling my, my heart starting to pump. But I gotta hear from Bell first. Bell, what is on your mind? I'm assuming it's in the the doodle versus school cat or doodle discussion. Then we'll throw to SIG.
2022-08-17T13:29:16.647Z Belle_nfts:  Yeah, it is exactly that. But now that site came out with that voice, I'd love to hear the weather report in that voice. That would be amazing about the doodle and cool cat thing. I was just going to say. I think that this is like a recurring problem that we're going to continue to see in the space because a lot of the artists led PFP projects such as cool cats and doodles became, you know, number one and hot items #1 because of the art itself. It's amazing.
2022-08-17T13:29:47.108Z Belle_nfts:  #2 because they did it, they were hot during the bull run and it built that community. But as the space matures and as VC's come into the space, and as we have real businesses come in and people you know making careers out of web three, expect a lot more. And so I think that this is going to be something that we continue to see. That artists led, PFP projects that don't have the team equipped to do a lot more.
2022-08-17T13:30:09.742Z Belle_nfts:  And that especially pull up team members from web. Two traditional spaces, including community managers. I mean down to to community managers levels or I should say up to because I think that they're one of the most important parts of the community. If they don't get that right, then we're just going to continue to see those floor prices decrease.
2022-08-17T13:30:24.485Z piovincenzo_:  Yeah, I think that's totally on point and you know, kind of well summarized, so everybody wants to chat right now, which is fantastic. I feel great as the host, but we got to throw the signal before she gets all all hooligan on me.
2022-08-17T13:30:27.486Z _thesignal:  
2022-08-17T13:30:27.403Z allnick:  Yeah, we don't want to hear about none of y'all. You know what? That's enough, that's enough.
2022-08-17T13:30:30.637Z piovincenzo_:  This signal please. The weather report. Take it away.
2022-08-17T13:30:58.619Z _thesignal:  Sure, morning folks. So today that Wednesday the 17th of August, open sea volume. It's still in that mid teens we're still in that sort of 1414 Ranger in the high 20s last week, but right now it's really coming down. The leaders, you've got apes at 78.5 mutants at 14.8 and you've got punks at 68.5, so not too much change there. Whilst moon birds is at 12.2 doodles, it has a nice little bounce. It's gone, gone back up to 7.4 and then clone next.
2022-08-17T13:31:29.748Z _thesignal:  6.95 so still some choppiness at these levels, but does seem that there's some stabilization happening overnight. So we we we talked about it earlier, but apes simply turns it's leading the open sea ranks. They had the spaces last night where they were celebrating their 1,000,000 follower milestone and all that's happened over the past year and a half with the founders and the producer, Miami. Apparently Nick was there. I was in bed, but whatever, and apes are still raging. Just some 88. So it's
2022-08-17T13:31:53.506Z _thesignal:  Interestingly enough, drifter shoots the artist and photographer announces next drop with nifty Gateway called bridging the gap. That's gonna be happening on Sunday. It has a bidding requirement of 1000 and $4000 for different NFTS and a one of one is being auctioned for a minimum bid of $60,000. So going to have quite deep pockets to participate for the one of one.
2022-08-17T13:32:24.288Z _thesignal:  Minting of the 1000 Grails it's just over 1000 of them for proof that started yesterday in the last GRAIL. Some of the rarest pieces sold for sold for almost 108th, so the community is seriously hard at work trying to figure out who the artist figured in and who the artist featured in gales to. To participate you do need to have a guiles to pass, and they're now trading for around 3.25 E and lastly, Puma has announced the list of partner community.
2022-08-17T13:32:54.179Z _thesignal:  Allow this for their upcoming mint. It's quite a roster. Includes admit one moon, birds, Zani, Cademy, goblin town gutter, cat gang and many more. The raffle winners will get to Mint a Nitro pass for .2 Earth which will then be used on Pumas black station. We don't know what Black station is yet that's yet to be announced, but anyone who is a holder of the CAP locks Puma club get a guarantee. Mint and that floor has already 2 axed from Friday when it was mentioned currently at .3.
2022-08-17T13:33:24.379Z _thesignal:  Three onto crypto. We got BTC at 23.6 ETH is at 1863, so BTC and needs still seeing a nice little uptick and eve continuing to outperform BTC on the seven day overall. Crypto is holding well as August 2 and continues to be a scenario of no news is good news, and while some of the unity projects continue to capture attention and volume, we are still in this muted mid teen 1415 range. So we need to see what happens there.
2022-08-17T13:33:30.254Z _thesignal:  Over the month, so for now, that 24 hour forecast is light rain showers back to you folks.
2022-08-17T13:33:31.454Z piovincenzo_:  Fantastic.
2022-08-17T13:33:32.465Z SpeculatorArt:  Yeah, let's go signal.
2022-08-17T13:34:03.458Z piovincenzo_:  Well, I clearly your weather report got kicked pretty jazzed up, but a fantastic job as usual. Just some other updates from the Nifty Daily Digest which is also written by signal and sent out five days a week. You can subscribe at the nifty.com we got some celebrities, Justin Bieber, Paris Hilton among 19 total celebrities called out for shilling NFT's without disclosing their connections to the project. So what a surprise, never imagined that.
2022-08-17T13:34:34.199Z piovincenzo_:  Something like that could happen. This is actually pretty interesting if you're a big fan of like Web 3. Ethos is that preeminent in an effort to keep their holders safe is now requiring all creators to KYC before making a low list offers to the collector pass community. I got to think that that's a good thing. That's pretty good. Like if you're trying to leverage the audience of primen, you're going to have to KYC. And yeah, I mean one other story is just open, see actually releasing some news.
2022-08-17T13:35:04.024Z piovincenzo_:  Features on the stats page. After just so damn long and after making so much money so it's great to see at least one new feature rolled out. So I mean, look Jonas Jonas had his hand raised. I'm about to let Sergio on stage. I asked her jito to join us today because I thought it would be a really good thing to talk to him about where we're at in the NFT market. You know he started just before I me and kicks did in the NFT space and has, you know, become one of the the more notable collectors in t
2022-08-17T13:35:16.991Z allnick:  
2022-08-17T13:35:18.465Z allnick:  
2022-08-17T13:35:32.299Z RealJonahBlake:  No, this is going to be short. This will be short.
2022-08-17T13:35:33.4Z piovincenzo_:  And he works in traditional finance, so I'm excited to hear from him. Gonna let him on stage in just a second. I'm gonna rotate speakers to get him on here, so please do not get upset if I take you off. I want to hear from Jonah. So Jonah is the most thorough researcher that I know. Or one of the most thorough researchers that I know in the NFT space. I also know Jonah that you love to discuss your research at length and we we can't do a lecture level discussion. OK, go ahead, go ahead.
2022-08-17T13:35:34.095Z RealJonahBlake:  
2022-08-17T13:35:35.011Z SpeculatorArt:  Welcome back from Europe, Jonah.
2022-08-17T13:35:45.092Z RealJonahBlake:  Hey, thank you, thank you, I'm exhausted uh I wanna say uh I got to listen to your show many times in Europe it was good because you know airports are boring.
2022-08-17T13:35:46.397Z allnick:  Were you on a yacht while you were listening?
2022-08-17T13:35:47.908Z allnick:  Yeah.
2022-08-17T13:35:50.598Z allnick:  So.
2022-08-17T13:35:54.262Z allnick:  Damn.
2022-08-17T13:35:56.462Z allnick:  OK.
2022-08-17T13:35:58.231Z piovincenzo_:  Look at that.
2022-08-17T13:36:16.142Z RealJonahBlake:  Was I on a yacht, cannot confirm and deny where I was. I was in five countries but I can't say where I. I can't say what where but there may have been one yacht but it was good. It was a good time but I wanted to come on the doodles thing and then one. One thing that's under the radar that I think I don't know if it's alpha because I don't know if you guys have talked about it but no one paid attention to it. So regarding doodles and cats I like both but I think the doodles are better positioned
2022-08-17T13:36:16.951Z RealJonahBlake:  Information.
2022-08-17T13:36:18.887Z RealJonahBlake:  They both have great art.
2022-08-17T13:36:19.321Z RealJonahBlake:  
2022-08-17T13:36:39.576Z allnick:  
2022-08-17T13:36:38.486Z RealJonahBlake:  But the doodles animators are substantially better, and I think there's a lot to be said for good animation, because good animation means good storytelling. Good storytelling means probably better price because with good storytelling you've got, you know, a lot of hype and and talk, so I just think Doodles has better animation.
2022-08-17T13:36:48.104Z allnick:  I'm to say that animation means that it's going to be good storytelling. I feel like there's a little bit of a stretch. It means good animation. I don't know like.
2022-08-17T13:37:11.103Z SpeculatorArt:  I do agree with that, Jonah.
2022-08-17T13:37:11.044Z RealJonahBlake:  No, well, but if you but but if you go look at, you know the cats don't really have much animation, but the doodles have you know if you go look at their videos and their content they do kind of tell a story and if you look at 10 KTF a lot of their value has come from animation and that animation has helped tell stories. So I think the animation does matter. I don't know if you want to keep talking about that one part.
2022-08-17T13:37:13.551Z RealJonahBlake:  
2022-08-17T13:37:14.598Z allnick:  Agree to disagree. OK, you know it's all good.
2022-08-17T13:37:16.816Z sgsand1:  
2022-08-17T13:37:15.442Z RealJonahBlake:  Alright, alright, alright.
2022-08-17T13:37:17.943Z piovincenzo_:  Yeah, Nick loves disagreeing with Jonas so much.
2022-08-17T13:37:21.887Z piovincenzo_:  
2022-08-17T13:37:20.855Z RealJonahBlake:  I I I know it's I'm fine with it I I love I love it, it's good debate.
2022-08-17T13:37:22.985Z piovincenzo_:  
2022-08-17T13:37:28.192Z RealJonahBlake:  
2022-08-17T13:37:26.793Z SpeculatorArt:  Jonas, like ETH, is 1800 Knicks like I don't know about that buddy. I'm not too sure about that one.
2022-08-17T13:37:33.22Z piovincenzo_:  
2022-08-17T13:37:45.056Z RealJonahBlake:  I'm like I'm all good with debates. The second one is, UM, you know. A lot of these VC's and intellectuals wanna become Soho House. It's like very apparent like that's the only model. Is this Soho House model? And if one that's interesting is Herman Narula, I assume people here know who that is.
2022-08-17T13:37:52.493Z RealJonahBlake:  You know, if you don't know he's the creator of the other side, he he is the he's the guy. That's the top guy.
2022-08-17T13:37:52.06Z piovincenzo_:  What you mean?
2022-08-17T13:37:53.343Z SpeculatorArt:  Yeah, I've been following him on Twitter.
2022-08-17T13:37:56.06Z SpeculatorArt:  Yes.
2022-08-17T13:37:56.22Z piovincenzo_:  Improbable is. Is that OK?
2022-08-17T13:37:58.845Z piovincenzo_:  Right?
2022-08-17T13:38:00.299Z piovincenzo_:  Yes.
2022-08-17T13:38:24.856Z RealJonahBlake:  Yeah. But yes. But an improbable is the one that's making the other side. It's not board a club. They they they Commission them. So Herman Narula is the is the godfather of all the other side. And he's been hinting on Twitter that he wants to create a book club. And I used to think book clubs didn't make sense. But the more that I've thought about book clubs, they do operate like Soho houses where book clubs lead to dinner parties, dinner parties lead to these clubs and, you know, self fulfillin
2022-08-17T13:38:32.133Z SpeculatorArt:  Yeah.
2022-08-17T13:38:45.124Z RealJonahBlake:  Creates an NFT book club around metaverse, thinkers and whatnot. I think that that might have might have value. I mean, we've seen that with those CPG club and a bunch of others who have tried that. I think the next meta for VC's and these I don't want to say thought leaders because that usually means they have no thought. But Herman Narula, I guess, definitely is a thought leader.
2022-08-17T13:38:52.207Z piovincenzo_:  OK alright.
2022-08-17T13:38:55.005Z piovincenzo_:  
2022-08-17T13:38:57.564Z piovincenzo_:  OK.
2022-08-17T13:39:06.207Z RealJonahBlake:  
2022-08-17T13:39:16.491Z piovincenzo_:  
2022-08-17T13:39:16.718Z piovincenzo_:  OK.
2022-08-17T13:39:16.374Z SpeculatorArt:  Yeah well with all due respect Herman like I don't give a shit about a fucking book club. Get other side out OK. Get out of eye on the prize buddy laser in on that. OK OK we got a $325 million market cap over here. We need some games. We need some game play. OK I don't need to hear about how you read a book and it was really good and you're like how it made you feel? OK I'm trying to feel how it is shooting a board ape with a laser gun on top of a mountain.
2022-08-17T13:39:19.33Z SpeculatorArt:  And making money while doing it. OK, all due respect.
2022-08-17T13:39:22.3Z allnick:  What?
2022-08-17T13:39:27.132Z piovincenzo_:  OK so ladies and gentlemen kick Scott. 8 hours of sleep last night and it results in this high octane energy.
2022-08-17T13:39:29.243Z RealJonahBlake:  Yeah, he actually makes a pretty decent point.
2022-08-17T13:39:29.716Z allnick:  Is accurate as accurate as his accurate market assessments.
2022-08-17T13:39:32.647Z allnick:  
2022-08-17T13:39:49.738Z piovincenzo_:  That that's true. And you know, I don't think we're gonna get a book club. I don't think that's the big news that's gonna drop look I wanna hear from node real quick and then and then I wanna introduce sugito and and. Here's Sergio's thoughts on the market. I asked him to join us today, but no, you've had your hand raised. I'm always curious to hear what node the the host of node mode the new podcast that's rolling out has to say go ahead node.
2022-08-17T13:40:01.999Z allnick:  What the fuck?
2022-08-17T13:40:03.079Z DepecheNode_:  Well, I'm feeling pretty pretty pretty good. I sold my doodle last month for 15 eighth, so just it always feels good to one up Nick every once in a while. But I have long I have.
2022-08-17T13:40:03.986Z piovincenzo_:  You're always wanted up in neck.
2022-08-17T13:40:34.056Z DepecheNode_:  I have long surmised that doodles killed cool cats and it's and it's because of 1. Simple thing is that when doodles came out I just thought hey would I rather have a doodles PFP or a cool cats PFP and the answer is doodles and it. It sounds simple but I feel like they took the brand positioning that cool cats had and they expanded on it. You know, I think I think Doodles has a much farther reach and it is a little bit more broad versus like a cat is a cat. Not everybody wants to be.
2022-08-17T13:40:37.35Z DepecheNode_:  A cat and then furthermore.
2022-08-17T13:40:39.983Z DepecheNode_:  And it and.
2022-08-17T13:40:42.261Z allnick:  
2022-08-17T13:40:42.238Z piovincenzo_:  Listen to this sophisticated analysis. A cat is a cat. Not everyone wants to be a cat.
2022-08-17T13:40:42.687Z allnick:  We
2022-08-17T13:40:46.963Z piovincenzo_:  
2022-08-17T13:41:11.9Z DepecheNode_:  Dude, I you gotta keep things simple for me and hey, it's turned out right. I flipped both my cool cats for a profit and then rotated into doodles and that worked out for me and but I will say this and I I forget, was it a take away or whoever? I think the answer to his question though was like you know when you have all these projects there's there's just a huge difference between will the brand be? Will the company be successful and then how much value will they actually provide to their holde
2022-08-17T13:41:34.458Z DepecheNode_:  That club or whatever it is right, and it's all intangible, and so doodles, has that a little bit more, a little bit more of that panache, you know than than cool cats in my opinion. And that's why I think this is the big difference. It's like it's it's so simple, it's just do you want to be part of that club? That part of that cool book club. And if you do, the price of that asset is going to maintain its value. It's half of it is is really just that I think.
2022-08-17T13:41:44.126Z piovincenzo_:  Hey, I mean, I I can't disagree with that node and node has some of the better takes in the space and and, you know, I'm just excited. Yeah, go ahead.
2022-08-17T13:41:53.372Z piovincenzo_:  
2022-08-17T13:42:13.327Z allnick:  And I just wanted to say that the analysis of which animals people have preference for, I think is spot on and it's far superior than to any analysis of animation versus still images like. I just think, you know we we you gotta, you gotta do the animal analysis, you gotta figure out whether or not you're the the market wants cats, dogs, apes, birds like which zoo animal are you? Are you betting on usually you want to bet on a horse right? And so I think that that may be the future.
2022-08-17T13:42:14.912Z allnick:  So anyways, back to you.
2022-08-17T13:42:16.383Z piovincenzo_:  Yeah Nick, I mean look that's.
2022-08-17T13:42:21.599Z allnick:  
2022-08-17T13:42:21.826Z DepecheNode_:  So I'm excited to hear Sugito's thesis on on the crypto dickbutt Speaking of, you know, animals.
2022-08-17T13:42:47.907Z piovincenzo_:  Yeah, well, I mean, Nick just said what that? He basically just summarized what modern finance is. It's just animal pictures. Well look ladies and gentlemen. I asked her Jito, also known as the King of me. Bits Dottie to join us. Sugito is an OG nifty gateway mod, an OG NFT whale. From early 2021. He's ex Goldman Sachs. He's a big shot over at fire blocks, working full time in Web 3 building out this industry. And of course he's a crypto bunk holder.
2022-08-17T13:42:52.137Z sergitosergito:  
2022-08-17T13:42:51.416Z piovincenzo_:  Sujeito welcome to the show. Thanks for joining us.
2022-08-17T13:43:02.273Z sergitosergito:  Hey guys wow exciting to be back. I remember the early days of the nifty show with Nick back in our nifty days. What a honestly, what?
2022-08-17T13:43:06.315Z sergitosergito:  Success. Congratulations. First and foremost you guys have.
2022-08-17T13:43:24.038Z piovincenzo_:  
2022-08-17T13:43:30Z allnick:  
2022-08-17T13:43:27.232Z piovincenzo_:  
2022-08-17T13:43:37.31Z piovincenzo_:  
2022-08-17T13:43:37.325Z sergitosergito:  Absolutely crushed it. And it's so nice to see so many people that I know in the audience. Thank you for having me. I appreciate, appreciate the invite. Definitely not a whale, though. Or maybe if I overspent a nifty back of the day. That's all going to 0. So former whale, if you want to call. It was funny. I was flying back from from Italy last night and I was going through my, my, my photo roll on my cell phone and there's a screenshot of when Amex cut me off from my credit card at $115,000.
2022-08-17T13:43:38.593Z piovincenzo_:  
2022-08-17T13:43:49.507Z sergitosergito:  In the month in in March of 2021 and yeah not what if I could go back in time. I'll probably, yeah probably trying to sell everything a little bit closer to the top and then I did, but I will.
2022-08-17T13:43:56.228Z piovincenzo_:  Well yeah, I mean so. First of all, low key flex flying back from Italy last night and and thank you for your kind words, Sir.
2022-08-17T13:43:58.117Z sergitosergito:  
2022-08-17T13:44:02.595Z piovincenzo_:  
2022-08-17T13:43:59.742Z allnick:  Yeah, he was in the back row next to the bathroom though. I mean, that's just where he had to sit.
2022-08-17T13:44:01.516Z allnick:  
2022-08-17T13:44:04.749Z allnick:  
2022-08-17T13:44:08.507Z piovincenzo_:  
2022-08-17T13:44:12.472Z allnick:  
2022-08-17T13:44:15.17Z sergitosergito:  I was I was I was I listen I bought a freaking basic economy seat because I'm fucking broke now I I paid I paid off for premium economy on the way there. It's a red eye rice. You want to try to sneak on the way back I bought basic economy.
2022-08-17T13:44:17.844Z allnick:  
2022-08-17T13:44:20.547Z allnick:  Holy cow.
2022-08-17T13:44:24.934Z piovincenzo_:  
2022-08-17T13:44:25.106Z piovincenzo_:  
2022-08-17T13:44:27.878Z allnick:  
2022-08-17T13:44:39.202Z piovincenzo_:  
2022-08-17T13:44:47.032Z sergitosergito:  Working Group 9 I didn't even know they went to fucking nine like what the actual fuck and I see my my my ticket and the seat 18 and I'm like OK window middle of the plane that that's lucky then I sit on it and it's like a it's like a not premium economy but the one that is not like the shittiest and they're only open seat on that flight was the one next to me so I was like all right fucking winning it felt like you know maybe selling doodles at 15.
2022-08-17T13:44:47.647Z sergitosergito:  I don't know.
2022-08-17T13:45:05.737Z sergitosergito:  
2022-08-17T13:45:06.215Z sergitosergito:  
2022-08-17T13:45:08.94Z sergitosergito:  
2022-08-17T13:45:18.766Z piovincenzo_:  Well, there you go and thank you for the kind words Circuito. But we are just getting started. Definitely not at you know. Like enjoying our success. Just yeah because we got a ton ton ton more to do. But you know anyway so you come from traditional finance. I always enjoy your tweets about the market. I've pinned a tweet to the top. You one of the tweets that really stands out to me is when people were calling for six figure Bitcoin. I was definitely one of those people. The Bitcoiners were cal
2022-08-17T13:45:21.114Z sergitosergito:  
2022-08-17T13:45:50.112Z piovincenzo_:  Etherium and a lot of people, when we didn't get those numbers, people felt that this was the weakest cycle and that we didn't see the blow off top that everybody was expecting that we had seen in previous cycles, but you had a tweet that actually said anyone that said that we didn't see the blow off. Top wasn't paying attention to NFT's, and when you look at the market caps of NFT then the liquidity that went into NFT in the fall of 2021 and then pico top in January. I think that your thesis wh
2022-08-17T13:46:21.154Z piovincenzo_:  You know, given where we're at right now, uh, you know, we've gotten a little bit of a bump, maybe because of the board ape space last night, attracting the attention of what was effectively to me, like the entire NFT space. I think you can look at the concurrent listeners in the Board App Yacht Club space. And then maybe the the total views are or the total listens on that that podcast basically. And you can point to that as how big the NFT space actually is. I would just love to know what you 
2022-08-17T13:46:32.291Z piovincenzo_:  Do you think we're gonna keep going and just like you know? Where do NFT's go from here? What does the future of NFT's look like? Yeah, I mean I'll, I'll just kind of leave it at that and I'd love to know what your thoughts are.
2022-08-17T13:46:43.156Z piovincenzo_:  
2022-08-17T13:46:44.981Z piovincenzo_:  
2022-08-17T13:46:45.861Z sergitosergito:  Sure, well, actually that's something way smarter than I usually tweet, so I hope that's still somewhere out there. I'd love to screenshot and show it to my kids when they know some of my stupid tweets. Where are we right now?
2022-08-17T13:47:17.901Z sergitosergito:  It's really hard to tell right, because obviously everybody was super excited about everything in in January of this year we had just had a gig of pump in NFT's, which I think few people realized was was really the consequence of the X2Y2 and the looks are drop, mean, even punks. We have like sick token which was $5000 per punk that we got air drop. You know you sold it within the first call it 36 hours. There was a lot of liquidity coming to the space.
2022-08-17T13:47:47.808Z sergitosergito:  Just as tokens. Well, you know, fungible is where we're starting to to really cool off. Obviously, even Bitcoin pulling their tops. What late, late, November, early, December. And then people are really, really quick to benchmark themselves to to recent highs and that place with our psychology. I think you know. Obviously, the space is a lot of people that don't really have experience trading risk markets, and I think that's why you know people with those traditional backgrounds.
2022-08-17T13:48:18.109Z sergitosergito:  Have done so well because there's so much etch just from having experience trading traditional markets and I was never a professional trader. I was on the sales side always always, but folks like SF who spent his, you know, his years of trading distressed credit at Barclays folks like yeah yeah, obviously a former equity trader, folks like Batsuit, Young. Also former equity trader folks like you know keyboard Monkey also experiencing that side and and I think a lot of those folks were able to te
2022-08-17T13:48:50.208Z piovincenzo_:  
2022-08-17T13:48:48.132Z sergitosergito:  That last liquidity into stop was probably the best opportunity to to shed most of the of the PFP exposure, which was what had pumped in in January. Now, for those of us who were around in April and March and May of last year, that same thing happened to NIFTY. We had that massive pump and some people were really, really smart to sell. I think I don't know. It was one of you guys. I think it was kicks. Maybe stuff me with like a Mad Dog Jones for like $20,000.
2022-08-17T13:48:53.796Z sergitosergito:  Now, granted, I love Michael Jones. I'll never sell it, but I could have waited six months and bought it for like 3 grand.
2022-08-17T13:48:59.297Z sergitosergito:  
2022-08-17T13:48:58.754Z SpeculatorArt:  If it makes you feel better, I bought it for 25 K, so no, no one, no one was winning there.
2022-08-17T13:49:01.257Z piovincenzo_:  
2022-08-17T13:49:08.514Z sergitosergito:  Yeah, but it's just natural market cycles and and and you know, I think most NFD traders just like crypto traders or traders of anything else will.
2022-08-17T13:49:38.946Z sergitosergito:  Really make a good investment but just studying trading psychology, Michael psychic market cycles, I think you know you think you're in the tweet where I was talking about the different stages of a bubble. There is a very famous study that was put out by this guy, Minsky many, many like decades ago that describes the five stages of of a bubble. And if you look at the way it's charted and you charted versus haven't done it versus NT projects in the in the fall and winter.
2022-08-17T13:50:09.821Z sergitosergito:  Level is charting it versus yielding tokens from some of the next projects. So like the bananas from the cons and all that stuff, the chart almost always matches perfectly. The time frame differs, but the chart always has the different areas that are very noticeable and that's because they're the result of human psychology. And markets obviously are just an aggregator of the combination of, you know, thousands and thousands of people, in this case in the FD's and maybe hundreds of people today, 
2022-08-17T13:50:40.715Z sergitosergito:  You know trading and letting the psychology take over and and I think that's that would be my biggest take away. Where are we? I don't know. I have, you know I have some opinions and I'll share those, but I think for context I do think everybody wants to make money in any kind of market. Should should look at work by people like Denise Shull who is the psychologist on which the Wendy Rhodes character on billions was based on and she has a book or two out. She tweets a lot about, you know, psycho
2022-08-17T13:50:51.032Z sergitosergito:  I think that's probably the best investment today. Regardless of you know whether the PFP that you buy you know 10X's in the next few months because also you up for for for life I would say.
2022-08-17T13:50:53.036Z allnick:  What?
2022-08-17T13:50:54.957Z piovincenzo_:  Well, I mean, yeah, that's a fantastic recommendation. Nick, go ahead.
2022-08-17T13:50:56.006Z allnick:  What's the name of that book?
2022-08-17T13:51:03.263Z allnick:  
2022-08-17T13:51:01.628Z sergitosergito:  Market Minds, I think it's by Denise Shull.
2022-08-17T13:51:02.269Z sergitosergito:  
2022-08-17T13:51:04.093Z piovincenzo_:  Denise shull.
2022-08-17T13:51:05.632Z sergitosergito:  Yeah.
2022-08-17T13:51:06.547Z allnick:  Denise Shaw's market mind games. Denise shull.
2022-08-17T13:51:08.334Z sergitosergito:  Yes, that would.
2022-08-17T13:51:09.213Z allnick:  Yeah, there you go.
2022-08-17T13:51:14.068Z piovincenzo_:  There there's some, uh, book club reading like what Jonah was talking about, you know?
2022-08-17T13:51:20.079Z allnick:  Yo, maybe we give a book to 1 lucky person. In our audience. You know one book, watch out.
2022-08-17T13:51:25.315Z piovincenzo_:  
2022-08-17T13:51:23.745Z RealJonahBlake:  Yeah, y'all laughing until Gary Vee comes in with another book and makes someone 20 grand.
2022-08-17T13:51:27.014Z sergitosergito:  
2022-08-17T13:51:30.813Z allnick:  
2022-08-17T13:51:29.382Z sergitosergito:  
2022-08-17T13:51:52.223Z sergitosergito:  
2022-08-17T13:51:54.944Z sergitosergito:  
2022-08-17T13:51:55.458Z piovincenzo_:  We're giving away one book, ladies and gentlemen, to 1. Lucky winner. No. But like, so Geeta, that was, that was a fantastic, you know, kind of breakdown of, of your thoughts on on, you know, what we're seeing in the FT market, I guess, you know. Yeah, you, me. And kicks went through the NIFTY gateway bubble bursting and that felt like it was a real bear market. It felt like we were, you know, experiencing like a broader NT bear market. But then board apes came out, you know, within 30 days and 
2022-08-17T13:51:59.152Z sergitosergito:  
2022-08-17T13:52:26.845Z piovincenzo_:  After August, so this is like four months later we saw the the biggest bull run besides January, right? So it wasn't a proper bear market. I think a lot of people think that this is a proper bear market. Sure as hell feels that way, and it's not like they're isolated. NFT wins, you know, on a platform or in a sector, obviously, we've seen fine art. Appreciate you know art blocks like fidenza ringers, things like that, the kind of OG, art, blocks, collections, crypto punks you know Nick bought th
2022-08-17T13:52:27.723Z allnick:  For now.
2022-08-17T13:52:29.309Z piovincenzo_:  1000 I believe the floor. Yep. Yep.
2022-08-17T13:52:32.376Z allnick:  
2022-08-17T13:52:31.384Z sergitosergito:  47,000 yeah, yeah. He's a smart guy, you know.
2022-08-17T13:52:30.981Z piovincenzo_:  While
2022-08-17T13:52:33.357Z piovincenzo_:  well, he's got.
2022-08-17T13:52:34.27Z sergitosergito:  Not good looking, but it's smart.
2022-08-17T13:52:44.57Z sergitosergito:  
2022-08-17T13:52:55.117Z sergitosergito:  
2022-08-17T13:52:58.029Z piovincenzo_:  Well, we got Tony Tony's in his ear telling him to buy crypto punk, so he's got a little bit of a tip. But anyway, you know now punks are up again. You know when you look at NFT prices, right? Obviously any individual NFT project, it's impossible to say whether we'll see the prices that we saw back in January again. But when I look at like the the very top of the.
2022-08-17T13:53:27.314Z sergitosergito:  Which I don't think that's ever gonna happen again. By the way, I'm sorry to cut you off, but you know, you mentioned something about nifty and how we thought that was it for NFT's. I think the main difference between then and now is that back then there was only, you know, a couple thousand of us and then the people who had come over from, from top shot. So there was a lot of capital on the sidelines looking to, you know, looking for that 5X10X100X that they had seen on top share and 50 and the
2022-08-17T13:53:57.942Z sergitosergito:  Texting them about NFT's and and because we all have done a really good job at saying hey, you know this is really a space where we can make money. It's exciting, it's the future of technology and and really sell the dream not just of the profits but of what NFT were supposed to change. Whereas today I mean we're all fucking broke. Anybody that's been following us on the personal side notes. We've lost a lot of money trying to podcast with real vision last week where I literally like opened up m
2022-08-17T13:54:08.653Z piovincenzo_:  
2022-08-17T13:54:28.712Z sergitosergito:  Freaking description on Spotify says imagine having $5 million portfolio and just watching it all melt down like I've been the marketing that we are getting right now out of this cycle is is very very negative and people are afraid to come in and and you know all the rocks, everything negative that's happened. People would just stay away whereas before it was like oh we're supporting artists or oh, we're buying the future of like you know, fandom through top shot and then yeah board. They took t
2022-08-17T13:54:55.807Z sergitosergito:  Ballistic, even before boarding, went ballistic in the summer, our blocks went ballistic, and so I think it was a lot of new capital and the people that were here getting that new capital to was kind of like good places, whereas now new capital comes in and then something this shitty shitty ass drops of things that are like so late cycle a bunch of like web. Two folks who you know, think they can make money. I mean, you know my friend Ryan Carson being one example.
2022-08-17T13:54:59.008Z sergitosergito:  I think it's a very very different setup.
2022-08-17T13:54:58.828Z allnick:  Wow.
2022-08-17T13:55:01.66Z sergitosergito:  
2022-08-17T13:55:01.171Z piovincenzo_:  Shots fire by searching.
2022-08-17T13:55:05.752Z allnick:  
2022-08-17T13:55:07.147Z piovincenzo_:  
2022-08-17T13:55:33.665Z sergitosergito:  I have my thoughts, but you know, no, but like, let's listen, look, look at, look at, for example, moon birds. I mean, motherfuckers thought they were getting equity in a brand, right? They're not. You're buying a JPEG that gives you access to revolutionary thing called staking by another name. Nesting. Whoa, right. And so people were looking at proof or looking at girls who cross went ballistic. They even the way people talk about projects today, they think they're buying equity. And you're not
2022-08-17T13:55:47.114Z sergitosergito:  You look at decks when you look at, for example the yoga deck, right? Like they really do an effort at hiding the realization that you know there's different opportunities for them to cash out through selling you shit.
2022-08-17T13:56:12.744Z piovincenzo_:  
2022-08-17T13:56:18.212Z sergitosergito:  And any of you look at that time and they had one of the slides you can see. OK, well this is a cash out opportunity, cash opportunity and that's what all this is somebody mentioned. This is, you know, before I join the stage, it's like that's what they're investing in. The ability to take your money and then sell you a dream. And that's why that's what. For example, transitioning into deckbox and punks I I like. I like, I do think if these are the future for many reasons. They're the MVP for di
2022-08-17T13:56:48.434Z sergitosergito:  Really come and MVP, I mean minimum viable product for digital assets really coming into our lives. You know, just in a more broad acceptance way. But you know projects like Thickbox where it's their own community without anything else that's building, and it's something they used to see in other projects, but that has largely gone away as value melted away and and big. But you have a very close knit community that's building shit. And what is building shit? It's not.
2022-08-17T13:57:19.298Z sergitosergito:  Stupid ass play to our game. Last stupid ass token that's going to go to zero. No, it's just building that kind of like book book book book Club Filling Right? Like that whole I belong to this which is like it takes us back to the days where nifty and like you know we had the discord opening up for X artists or Y artists. And you felt like you were part of that community. And that's really why we were stupid enough to not sell all that. You know, the additions of 1000 because you felt like the l
2022-08-17T13:57:22.732Z piovincenzo_:  Yeah.
2022-08-17T13:57:24.133Z sergitosergito:  Before it became like agreed on musical chairs does, does I like the big butts?
2022-08-17T13:57:35.716Z _thesignal:  
2022-08-17T13:57:35.546Z piovincenzo_:  Yeah and and you know great great call out there referencing the the book club I I have some questions on the Fine Arts side but I want to throw the signal signals always got fantastic thoughts and questions for guests signal. Did you have a question for sugito or a thought?
2022-08-17T13:57:57.552Z _thesignal:  Yeah, hey Sugita it so yeah I I just heard you say that you're on real vision last week so I'm guessing you must have been speaking to rapar. He's he's a proponent that the US government will switch on the printer machine again under what macro conditions would we would what? What would need to be the macro conditions for us to see the US government switch on the printer machining again?
2022-08-17T13:58:03.148Z sergitosergito:  Oh, that's actually a good good question. Yeah, rolls become.
2022-08-17T13:58:18.015Z sergitosergito:  I'm really grateful for the opportunities that he's allowed me on on rubbish and I've had a bunch of different MFRS that I've interviewed on real vision and I wrote his annual outlook for NFTS for his subscriber service. Call global macro investor.
2022-08-17T13:58:49.994Z sergitosergito:  What about the macro will lead us to the US printing again? So if you look today at forward-looking data and only there's a plethora of macroeconomic indicators out there, but you look for example at the I7. Now the ISM is a survey that gets done. There's an organization, ISM asks manufacturing production managers at all kinds of different companies. You know around the world, not just the US, but around the world.
2022-08-17T13:59:20.038Z sergitosergito:  We asked them to pretty much rate or grade how they feel different things. So you know is it easy to hire somebody right now is it not are your input prices rising or are they dropping and and so they they have this methodology that then really seeks to condense all the state of the of the manufacturing economy into one number. So if the economy is kind of like not really expanding and not really dropping, it's a 50. So any ISM reading over 50?
2022-08-17T13:59:26.144Z sergitosergito:  Those that there's expansion ISM rating on their 50 tells you that it's contraction so.
2022-08-17T13:59:36.739Z sergitosergito:  If you look at the rate of change of ISM in the past leading into recessions, you can actually lack that part three or six months.
2022-08-17T14:00:08.566Z sergitosergito:  You can tell that you know in the last four or five recessions that we've had, there has been similar circumstances as we have today where the rate of change of the ISM year on year, so the ISM, you know, for September last year versus this year, it's going to be negative this year. Why? Because obviously last year we're still in this massive expansion given the monetary stimulus. And so while things still feel OK today, it is the rate of change going forward that is going to start to make it fe
2022-08-17T14:00:38.742Z sergitosergito:  Like when you get your quarterly GDP reading, they don't say the GDP was $3.78 trillion. What you get is GDP was X percent change year over year or quarter over quarter. So everything forward-looking in macro and markets is about the rate of change plus reality versus expectation. So right now the macro or look indicators are pointing towards you know a recession. The Treasury yields market is telling you the same, so the yield curve and that is the difference.
2022-08-17T14:01:08.891Z sergitosergito:  Between the rate on the 10 year part of the Treasury, minus the rate on the two year, part of Treasury is at the most inferior rate. So that means the market is telling you we're expecting a recession. So obviously, given the way our economy is today, the only way that you know the Central bank has been able to smooth out that business cycle has been by by doing monetary stimulus. And so you know, six months, nine months from now, we're things.
2022-08-17T14:01:26.334Z sergitosergito:  Are pretty narly according to leading indicators. That's why the expectation amongst the micro community is that the Central bank will have to normally stop tightening that pricing for the end of the year, but also start turning on the the helicopter cash as they call it, because it's just you know, money falling out of the sky.
2022-08-17T14:01:29.347Z allnick:  Let's go.
2022-08-17T14:01:30.774Z allnick:  Let's fucking go.
2022-08-17T14:01:35.283Z allnick:  
2022-08-17T14:01:37.32Z sergitosergito:  
2022-08-17T14:01:44.158Z sergitosergito:  
2022-08-17T14:01:44.215Z sergitosergito:  
2022-08-17T14:01:47.688Z sergitosergito:  
2022-08-17T14:01:54Z sergitosergito:  
2022-08-17T14:01:54.663Z sergitosergito:  
2022-08-17T14:01:56.426Z sergitosergito:  
2022-08-17T14:01:56.352Z piovincenzo_:  So in other words, you know quantitative easing. Quantitative easing, yeah, but I mean I'm hearing this six to nine months, quite a bit, right? If you listen to the all in podcast, David Sachs Chamath Polly Apatia, they reference 6 to 9 months from now. You know, I listen to a podcast recently with an economist on Anthony Pompliano show he's referencing 6 to 9 months from now. He's a giga bear at this point because of all the factors that are at play. You know, back to the NFT stuff that we were
2022-08-17T14:01:57.709Z sergitosergito:  
2022-08-17T14:02:03.569Z sergitosergito:  
2022-08-17T14:02:03.82Z sergitosergito:  
2022-08-17T14:02:26.639Z piovincenzo_:  you know we we've been referencing the Fine Arts side of the NFT market and I think that judging by what you're talking about with Dick Butts and crypto punks, you know maybe you're not thinking of it that that way, but I would put them into the Fine Arts side of it as as funny as that sounds and as ridiculous as it is, especially for Dick butts. That's the category I would have to put them in, right? Because they're not like a web three startup. They're not anything like that. It would kind of 
2022-08-17T14:02:31.16Z sergitosergito:  
2022-08-17T14:02:34.718Z sergitosergito:  
2022-08-17T14:02:39.004Z sergitosergito:  
2022-08-17T14:02:45.051Z sergitosergito:  
2022-08-17T14:02:52.57Z sergitosergito:  
2022-08-17T14:02:52.987Z sergitosergito:  
2022-08-17T14:02:57.013Z piovincenzo_:  They will like me and kicks do so you're and you're friends with artists. You interview artists on Real Vision, which is so cool. By the way, you know, do you feel like the legacy art world right? The the christies? And Sotheby's and I know they've already gotten in, you know, quote UN quote. But they haven't gotten into the point where the collectors that are buying mondrians and, you know, Richters. And you know Warhols are actually buying NT's the big big, big sales on NFT's like the people s
2022-08-17T14:03:13.973Z sergitosergito:  
2022-08-17T14:03:13.858Z piovincenzo_:  We'll see those traditional art collectors get into buying NFT, and then that can be what leads to NFT seeing insane valuations. But it'll be like the crypto punks and the the fidenza, the Fine Arts side of the market, versus, like the quote, UN quote startups like a moonbird.
2022-08-17T14:03:15.467Z sergitosergito:  Short answer no.
2022-08-17T14:03:46.602Z sergitosergito:  Two things. First of all, you know, I think those were really those purchases by like meta covan and then like bird out of the high profile NFTS at the auction houses. Those were good top indicators, right? It's just people that that kind of wanted to keep this going. I actually spent some time with a big traditional art collector over the weekend. That's why I was in Italy and their creational team and it's clear.
2022-08-17T14:04:18.47Z sergitosergito:  To me that while there is massive interest in this space, they're not yet ready to come in and really buy at the same rate as you know. The more crypto natives we're buying, which you know, I don't think the the demand will be there, will be high enough to get to the valuations that you're referring, right? So they they're definitely collecting, but not to the point where, like it would really move, move the needle for two reasons. First, the crypto natives are massively long, so like you know, 
2022-08-17T14:04:48.432Z sergitosergito:  They're already, and as we know, markets are a function of supply and demand, but on the demand side it was really interesting is they they definitely follow, you know the traditional or market. Apparently the last. I don't know this is not traditional art collective. The last three years have been a boom market for contemporary art, so that's art that's being created over the last two or three years hits the auction block or the galleries, and it sold, apparently breaking all kinds of records. 
2022-08-17T14:05:18.822Z sergitosergito:  Goes back to the macro. They really think that you know, given that, at least for now, the era of easy money is gone and they expect people to start pulling back, and so you know NFT's are just further on the risk curve, but everything gets affected at the end of the day, so they're not really buying it because they're already starting to pull back from the traditional art world. And then on top of that, this traditional art collector they really do have an appreciation for.
2022-08-17T14:05:25.198Z sergitosergito:  I don't like the journey of an artist and and and so let's be honest with each other, right? Like a lot of the good and the artist.
2022-08-17T14:05:35.755Z sergitosergito:  As talented and successful as they are, you know it's hard to call somebody a blue chip when they've been commenting FTR or digital art for for.
2022-08-17T14:05:38.989Z sergitosergito:  A year or two, right? Like it's it's.
2022-08-17T14:05:45.46Z sergitosergito:  It's that legacy of an artist and the composition of the body of work through time.
2022-08-17T14:06:11.908Z sergitosergito:  That makes a traditional art collector want to take that piece and hold it. Additionally, there is endless supply right now. Like at 20 you know mid 20 mid 30s. NFR is a 60 years of producing left and and this traditional art collectors have realized that hey, then it's like a band, right? Like it's this band is never going to do another concert again in four years down the road.
2022-08-17T14:06:33.557Z sergitosergito:  Out of cash and the reunion tour comes out and the reunion album with like the B sides and I think they're they're quite hesitant at making big bets in the space. And while I think we'll continue to hear like you know, X big traditional galleries doing an FTX big traditional collector, you know, bought a big piece.
2022-08-17T14:06:43.569Z sergitosergito:  It won't be as broad as necessary for prices to really shoot back up to the levels that we have seen in the last 24 months.
2022-08-17T14:06:48.343Z sergitosergito:  
2022-08-17T14:06:49.791Z sergitosergito:  
2022-08-17T14:06:54.512Z sergitosergito:  
2022-08-17T14:06:55.114Z sergitosergito:  
2022-08-17T14:07:03.326Z sergitosergito:  
2022-08-17T14:07:10.471Z piovincenzo_:  Fair look, it's it's a fair take, you know, I wonder if we extrapolate things by like 10 or 15 years, right? Which is so hard to do. I wonder if those art collectors or new fine art collectors don't really like you know they don't see a huge difference between physical and digital pieces. And and maybe that can you know, have a big impact? But yeah, I mean for the the near future I could totally see what you're talking about just so you have your hand raised. What's on your mind?
2022-08-17T14:07:23.376Z piovincenzo_:  
2022-08-17T14:07:26.408Z piovincenzo_:  
2022-08-17T14:07:41.995Z jesseshalfon:  Yeah, how's it going, Sir? Heat though, I just wanted to 1st apologize for my boorish Anglo friends for, you know, mispronouncing your name and botching it. I'm filing the appropriate complaint with the Latin XYZ Community and and I'll have them filled shortly. But you, are, you know, your ex. Goldman Sachs. So it's like that you know that whole world is highly, highly rational, highly analytic. You know, even if you're making a big sort of counterintuitive trade, which is where the big money mo
2022-08-17T14:07:47.162Z jesseshalfon:  Market where you know even when you're trying to play, you know, use NFT nerds and you try to have all these.
2022-08-17T14:07:52.889Z jesseshalfon:  You know, or these two you use all these tools and you use your own bots are either scam like sometimes it seems like.
2022-08-17T14:08:18.969Z jesseshalfon:  The place that make money defy all odds, and it can be. I think I imagine it can be crazy making for people who are like you and Nick who are just kind of used to following the numbers. A lot of people. I just wondered if you do you just try to ignore the noise and just stick with the plan or do sometimes just let it fly based on based on the vibes like what's the coming from like real finance have? What is your thought about just sort of a mental approach to this market?
2022-08-17T14:08:21.625Z sergitosergito:  Yeah, I think that's a great question.
2022-08-17T14:08:53.324Z sergitosergito:  I just look at the people who have done really well in crypto overall over the last, what 1213 years that crypt has been around. Most of them have low time preference, so that means they're thinking 510 years out and most of them make concentrated bets in, you know, whatever they end up going with. I think that obviously we all got caught up in the hype last year and it was fun to get me wrong. I mean, I particularly remember one day I was bar here called common ground in New York, and meat bagg
2022-08-17T14:09:23.476Z sergitosergito:  Shut up Mrs sugito. Thanks for putting up with me all the time and letting me waste all our money on Jpegs. She did get a nice 3D punk out of it, so I guess we're we're we're cool, but I remember one day when our blocks and punks were going up and I just sat there at the bar for literally 12 hours. Refreshing levels and drinking champagne so we all fell for it so people were able to cash out and seen amount so there's not so much others are still here trying to figure it out, but I have shifted 
2022-08-17T14:09:47.953Z sergitosergito:  That's thinking about not just artists, but also like I said, project like Tech Books and stuff that punks. Maybe it's will be around in the next 357 years where I see value in the long term. I'm just going to accumulate that and and kind of like chill away from the NFT trading, I think, you know, obviously there's whole royal situation going on right now, but even if you looked from from.
2022-08-17T14:10:19.182Z sergitosergito:  Trading perspective, what is it 1215% just Commission rate that kills you on a on a trading plus the bid offer spreads are complete on each project and people trying to flip board so they were they like 80 or something they need apes to go to like what 88 just to break Even so that's a tall order the kind of market that we're in there also not there's also no no shorting. So the market is still very inefficient but you know tends to only on one way and so you know for me it's really shifted.
2022-08-17T14:10:38.616Z sergitosergito:  Away from additions and and the decisions are good to like support artists that you like already have a ton of them, so so definitely pulling back on those and just thinking of stuff like for example, Rafiq Anadol ready is a top level artist with incredible partnerships across the traditional art and technology space. He's building out data language going to be this amazing.
2022-08-17T14:10:48.429Z sergitosergito:  Film style exhibition. In two years out, so you really have to think about two years out, but I've just been accumulating a lot of his life.
2022-08-17T14:11:05.37Z piovincenzo_:  For sure.
2022-08-17T14:11:09.133Z sergitosergito:  1.2 point 12 pieces in preparation for that. And so yeah, I think trading is is tough. You need to be glued to the screens 24/7. I don't know how you guys feel, but I feel really really burnt out towards you know. Last year it wasn't healthy anymore. I couldn't. I couldn't be at dinner without looking at my phone like that's not why I'm bleeding like I don't care.
2022-08-17T14:11:17.92Z sergitosergito:  That's nice to make a couple $1000 here and there, but just being so glued to the screen is definitely not healthy. And and I think that takes away from from.
2022-08-17T14:11:23.301Z sergitosergito:  They need to perform well, so I'm just kind of like shifting just completely way more more on term.
2022-08-17T14:11:32.858Z piovincenzo_:  I think a lot of people are, uh, so we have time for a couple more. Uh, thoughts you know with Sugito Bell has had her hand raised then we can throw the signal bell. What's on your mind?
2022-08-17T14:12:03.629Z Belle_nfts:  Hazardia always a pleasure to talk to you. You said something about cryptic books that I want to ask a little bit about because you said that it's the vibe of you know, not building. It's the community in there and it's not you. Gave an analogy of being in a book club. Something like that would have been a bearish thing on another type of project, right where people would be asking. Well, what the hell am I getting out of it then? Other than just being part of the club? What do you think is the 
2022-08-17T14:12:13.342Z Belle_nfts:  Would make it and, you know, be a bullish sign versus any other type of project in which one would be saying all right? Well, I'm just going to balance if that's all that I get.
2022-08-17T14:12:44.125Z sergitosergito:  Sure, no, that's a good question. I think you know it takes a little bit of research, but if you look across the board, the largest Dick pot holders or people that are working on that but related stuff are some big big OG crypto personalities and. And that's why I think again, those are people with low time preference that have been through the cycles and read them out. They're also not making any money really. From you know, people trading tick box you can print.
2022-08-17T14:13:14.463Z sergitosergito:  Other projects where you know the actual entity that launched the project is making so much money from from the royalties. Obviously there's an incentive for people to trade, and with big butts the royalties go to a Dow and that Dow again is managed by people like Melton. I mean, if you know if you know about crypto, you know Melton is and her track record, and obviously very very successful. You know female and it's hard to be a successful female in any industry for obviously that's a conversat
2022-08-17T14:13:44.704Z sergitosergito:  10 years ago. And so having people like like melt him at the helm of the community and by default the project and no real financial incentive other than divides and and interacting and networking with those people. I think that's what makes me bullish and that's different from other projects where are a little bit more upstart and so this might not be the right time for those upstart project. Nothing wrong with them. I just again as we take time away from the screens kind of like want to have my
2022-08-17T14:13:45.351Z sergitosergito:  Umm?
2022-08-17T14:13:54.458Z sergitosergito:  Just want to check 2 telegram groups instead of like you know 14 different discourse where I don't really buy because I just don't have the time to spend with them, so that's pretty much it.
2022-08-17T14:13:56.782Z piovincenzo_:  I mean look, go ahead and.
2022-08-17T14:14:03.862Z sergitosergito:  
2022-08-17T14:14:16.272Z sergitosergito:  
2022-08-17T14:14:20.623Z sergitosergito:  
2022-08-17T14:14:21.298Z sergitosergito:  
2022-08-17T14:14:23.825Z sergitosergito:  
2022-08-17T14:14:25.902Z sergitosergito:  
2022-08-17T14:14:26.218Z allnick:  So well, I was just going to say like when you compare crypto Dick butts versus cryptos for example. It's the only distinction there, because I I feel like cryptos was one where it was just like literally the discord you just wrote vibes, and that that's what our croak or whatever the hell the the. The argument wasn't discard that got a bunch of toads to pop up, but at like is the only distinction is that you have one person like Meltham who comes in and buys.
2022-08-17T14:14:56.134Z allnick:  100 or 200 or whatever the I don't know how many she owns some insane number of that particular NFT cause cause that's something which I've found it difficult to sort of chase and I've seen the essentially quote UN quote vibes switch from one place to the next. And that's the thing where it's been difficult to see if there's any like staying power whatsoever with with any community. I mean a crypto punks has done a pretty good job although like.
2022-08-17T14:15:14.016Z sergitosergito:  
2022-08-17T14:15:17.46Z allnick:  As is the creator of of the Telegram Telegram group. Behind it even I've seen that shift in different directions from like what the discord was last year. So what it what the Telegram group is today and and I guess that that's the thing that I'm sort of curious about, like what the like is it really just that one big collector is the primary driver of that?
2022-08-17T14:15:25.648Z sergitosergito:  No, there's many, many of them. Again, a lot of people who you know us that are newer to crypto might not be familiar with.
2022-08-17T14:15:40.592Z sergitosergito:  Arthur Hayes, who obviously his stuff gets wet religiously and soul value in, you know, adding some thick booties or some like OG crypto traders that like Colonel who you know are coming in and looking at Dick Books.
2022-08-17T14:15:55.636Z sergitosergito:  The vibes come and go, you're right and it's you know. Obviously the vibes usually tend to be highly correlated to the floor price movement.
2022-08-17T14:16:44.68Z piovincenzo_:  
2022-08-17T14:16:34.035Z sergitosergito:  You know, take a step back. Crypto big pots are also, you know, the foundation of an Internet meme that has been around for a long time, so we're thinking long term thinking of like what might have staying power and cultural relevance for for this culture in our rather own a thick butt which goes back to like what red and I got. And like Tumblr days, then something where you know we just put together by an artist in 2022. It's it's just a different way. I mean I'm sure.
2022-08-17T14:17:05.357Z _thesignal:  
2022-08-17T14:17:07.814Z piovincenzo_:  Awesome and so we'll throw to signal one last question for Sugita, then we'll let him go back to to doing his thing at fire blocks or whatever. Sugito has to do on a on a Wednesday signal. What's going on?
2022-08-17T14:17:24.407Z _thesignal:  Hey yeah sorry one last question. Just wanted to ask, I'm curious about me bits do you have that five to 10 year outlook on me? Bits simply because it's a sister collection to punks? Or is it because you see them on a separate sort of growth accelerator path for what the Meepit style is trying to do?
2022-08-17T14:17:14.125Z sergitosergito:  A lot of ways to to make money if you don't buy it with, you know having somebody like like melt them and the rest of the folks in the high. You know in the high tech. But society running well and that's why it's so good that you can just, you know list them and I'm sure they'll buy them right off. The river is really excited right now about.
2022-08-17T14:17:42.747Z sergitosergito:  They don't move right. They're like stable coins equals up. They stay the same level as it goes down at the end of the day. For me, me, that's are just, you know, the the final chapter of two.
2022-08-17T14:17:49.581Z sergitosergito:  Very legendary creators, engineers, coders, right so Matt and John from Larva Labs.
2022-08-17T14:18:20.291Z sergitosergito:  Pretty much you know everything we have today is a derivative of punks or autoclaves, right? So punks inspired everything that's on your profile pictures today and then glyphs inspired art blogs, which obviously has started another art revolution. So you know, I think, hey there are two for two on things that they took years. What punk were free in 2017? You could buy a punk for 1/8 in August of two years ago, so it took years for for the market to realize what they were. I see media.
2022-08-17T14:18:50.833Z sergitosergito:  Ask if we are going to move into a world where NFT's are integrated into like commercial marketing and activities. They're fully ripe. They're OG. They work in like you know, 8-9 different meter versus today. So and now, whether we like it or not, they have the yoga money and brand behind it. They paid a ton of money for them. They're not going to monetize the punks, they're going to have to monetize the minutes. So yeah, it's a little bit of what you saying. Listen, yeah, low time preference. S
2022-08-17T14:18:53.518Z sergitosergito:  You have got a 16 seat back somehow.
2022-08-17T14:19:07.523Z sergitosergito:  And I don't know how many more meetings and dogs they can do. They decide for the Minutes are really if if you guys going to be the Web 3 brand and not a one hit Wonder Minute is going to have to be the way they do it. So it's a combination of place in that sense.
2022-08-17T14:19:34.744Z sergitosergito:  
2022-08-17T14:19:36.909Z sergitosergito:  
2022-08-17T14:19:37.394Z piovincenzo_:  Epic response or jeeto? Well dude, thank you so much for joining us. Uh, ladies and gentlemen, make sure you follow sugito when he's not busy doing big things over a fire blocks, you know, driving the whole industry forward, working full time in Web 3, leaving the traditional financial system to go full time and Web 3. By the way, you know he'll drop a tweet here and there that'll blow your mind. Sugito Mbits holder, crypto punk holder OG Nifty gateway mod X Goldman Sachs. Thanks so much for joi
2022-08-17T14:19:57.562Z sergitosergito:  Thanks for having me and I can't wait to see what you guys keep on building. Umm, I'm really really happy to to feel your success and obviously all the people that you have in power along the way. That's that's your legacy and I can't wait to see what the next you know decade brings forth for you guys. I appreciate the friendship. Appreciate the invite and appreciate the vibes.
2022-08-17T14:20:01.804Z piovincenzo_:  Appreciate it man. And since you mentioned it earlier, maybe sometime.
2022-08-17T14:20:05.9Z piovincenzo_:  Be able to ask Ron Paul if he wants to come on the show. What do you think of that, huh?
2022-08-17T14:20:08.876Z sergitosergito:  I can ask him for sure, yeah.
2022-08-17T14:20:38.109Z piovincenzo_:  I thought I was just going to get a no comment now that would be really cool obviously. But yeah, great great kicking it with you man, ladies and gentlemen. Sujeito Sergio Silva. Check him out on real vision as well. So just to get into a little bit of a room reset for people that are new to the show we do the show Monday through Friday 9:00 AM to 10:30 AM Eastern Time each and every week where we discuss the INS and outs of the NFT market. We had surgery to join us today to give us a little bit
2022-08-17T14:20:48.325Z piovincenzo_:  Perspective from a much more sophisticated investor than than any of the hosts of this show. So that was awesome. If you wanna speak, definitely request we got.
2022-08-17T14:20:47.963Z allnick:  You know that I'm insulted.
2022-08-17T14:21:19.365Z piovincenzo_:  We got we got 10 minutes left today, but definitely come back tomorrow. Shout out to our sponsor, FTX. You can sign up at the nifty.com/FTX or with the code the nifty on your FTX mobile app FTX. Come on man, cheapest fees in the game while everybody else is going under, while everyone else is upside down. They're out here acquiring entities, and if you spend over $200.00 with our code at FTX, you will get a $20 bonus airdropped into your account in whatever cryptocurrency.
2022-08-17T14:21:49.542Z piovincenzo_:  You bought so back to the show. We got some kick ass speakers. You know. Looking at the market Sugito had so many great points I just wonder like what do people want to deploy capital into right now? Or is it just a waiting game potatoes? They saw a high of 1.6 etherium then they pulled back as low as I want to say 1.11 point 15 and all of a sudden they're creeping up again. They're at 1.26 allegedly I.
2022-08-17T14:22:03.672Z allnick:  
2022-08-17T14:22:04.704Z allnick:  
2022-08-17T14:22:08.053Z allnick:  What?
2022-08-17T14:22:10.565Z allnick:  
2022-08-17T14:22:09.735Z piovincenzo_:  Saw that you can grow your potatoes, which is what I'm assuming is their staking mechanic. I own a potato, I don't know. I don't know how to grow it yet, but the we're sitting at like 50% ownership, all all almost and 11,000 etherium of volume traded. I know Quad was in potatoes before I think Nick Nick still owes him. Go ahead, nick.
2022-08-17T14:22:16.354Z piovincenzo_:  
2022-08-17T14:22:31.205Z piovincenzo_:  
2022-08-17T14:22:40.299Z allnick:  I was just going to say yo, we're going from flipping to farming man like it's it's time, it's time for a ship and get that generational wealth by teaching our children how to build things on the farm and what we're building right now is just potatoes. Potatoes are at the foundation of some great things like potato vodka, and you know there's some other things like French fries, and so I think that like that's just that. That's an inspiration and going to withstand the test of time. I'm big on.
2022-08-17T14:22:43.852Z piovincenzo_:  
2022-08-17T14:23:02.916Z piovincenzo_:  
2022-08-17T14:23:01.74Z allnick:  In all seriousness, we were discussing it this morning. We should get 9 gag CEO on just to chat more about the potatoes, because I mean they're building how many other teams do you see rolling things out right now and you know they've been around for at least six weeks? You know, so that means that they're they're going to be here for.
2022-08-17T14:23:06.692Z allnick:  Forever, alright, so big bullish on the potatoes.
2022-08-17T14:23:37.051Z piovincenzo_:  Well, I love to have a little potato talk, but I just noticed that out we got Tom Crown Crypto who requested to speak Tom. I don't believe that you've been on the show before. Says that you are the host of the R Slash cryptocurrency podcast. It says that you won the best technical analyst 2021 award. I wonder what crypto caleo or crypto credit think of that and it says that you are a crypto quant. Verified you have 60,000 plus followers on YouTube and last but not least you will you Rep hashtag 
2022-08-17T14:23:43.766Z piovincenzo_:  So you're speaking my language, Tom Crown, what do you make of the crypto technicals? Right now, what prompted you to join the show? We're really excited to have you.
2022-08-17T14:23:53.272Z TomCrownCrypto:  Yo man, thanks for the boss intro. That was awesome. I should have record that and I should just play that back for other people. When I got introduced myself.
2022-08-17T14:23:59.178Z TomCrownCrypto:  
2022-08-17T14:23:57.666Z piovincenzo_:  Well, the shows recorded on Twitter as well as Apple and Spotify Podcast Buddies. So go ahead.
2022-08-17T14:24:24.793Z TomCrownCrypto:  Nice, alright, I'll have to go back and get it. Great yeah you know what I just I've been seeing the Twitter spaces area I I made a little fun post about it earlier. They're they were really really hot about a year ago and I've seen him kind of settled down and I saw a lot of people in this one and so I wanted to jump in just to see, kind of where the hype was. Still here on Twitter spaces. And I've just been kind of like listening. I didn't really expect you to accept me up on stage, but I appr
2022-08-17T14:24:26.587Z TomCrownCrypto:  We just
2022-08-17T14:24:33.888Z TomCrownCrypto:  
2022-08-17T14:24:35.057Z TomCrownCrypto:  
2022-08-17T14:24:37.295Z piovincenzo_:  Well yeah, I mean your your profile doesn't say used car salesman, right? It says Crypto Quan and it says that you're the the best technical analyst of the year. Nifty Nick, our very own our very own co-host and easy to put.
2022-08-17T14:24:44.663Z piovincenzo_:  
2022-08-17T14:24:41.931Z allnick:  I fucking stole that award for 2022, so sorry Tom. I win. I'm the champ.
2022-08-17T14:24:48.041Z piovincenzo_:  
2022-08-17T14:24:59.769Z piovincenzo_:  
2022-08-17T14:25:01.643Z piovincenzo_:  Yeah.
2022-08-17T14:25:02.408Z allnick:  Agree to disagree.
2022-08-17T14:25:05.162Z piovincenzo_:  
2022-08-17T14:25:09.217Z TomCrownCrypto:  I, I mean, I'm open to challenge. You know what man like I I'm down for a good competition I got I got my post submission ready for this year so we'll have to we'll have to go at that. I don't actually believe that that's almost it's not a joke award, but you know, I don't no one is the best technical analyst in the world and it's we're all just like learning and doing our best. So I think you started with all right. I mean, you know, maybe maybe I'm wrong, because as a as technical analyst, I g
2022-08-17T14:25:10.469Z TomCrownCrypto:  Yeah.
2022-08-17T14:25:10.937Z TomCrownCrypto:  
2022-08-17T14:25:12.441Z TomCrownCrypto:  
2022-08-17T14:25:23.999Z TomCrownCrypto:  
2022-08-17T14:25:25.542Z TomCrownCrypto:  
2022-08-17T14:25:36.115Z TomCrownCrypto:  
2022-08-17T14:25:39.47Z piovincenzo_:  That's how it works and and so you know we we have a community in our discord is a little sub community. The Coin traders channel. And it's like you know six or seven very active people that are posting their charts and posting their analysis. Like I mentioned Nick is is a technical analyst in his own right. He's been doing it for for decades at this point, easy has a ton of experience as well and then kicks who is not on stage right now. But another Co host of the show also has technical chops.
2022-08-17T14:25:42.087Z TomCrownCrypto:  
2022-08-17T14:25:44.028Z TomCrownCrypto:  
2022-08-17T14:25:46.292Z piovincenzo_:  Trade right now, just any thoughts that you have from a technical perspective would be fantastic and maybe Nick can chime in or or easy can too.
2022-08-17T14:26:08.753Z TomCrownCrypto:  Yeah, heck yeah, man, sure. Uh, we'll have to hop in that discord and see what you guys got going on there. So I guess the question of Bitcoin or Ethereum right now for a short term trade, you know any trade right now is, is is pretty wild. I mean price is about 50% up off of June's low. So that makes any kind of long position just the ultimate risk on.
2022-08-17T14:26:38.639Z TomCrownCrypto:  It is maybe Even so perfect that it's looking to me like that. It almost has to go up. It's weird going wrong right now. I think is the riskiest thing you can do. You've had months to have lower prices all of a sudden. We're kind of back around Mays low. We haven't quite seen it. Tested as resistance and it's it's just like that. Ultimate price where risk is in every direction. I actually currently have a short open that I'm hoping gets liquidated. I know that sounds weird.
2022-08-17T14:27:10.356Z TomCrownCrypto:  Basically because I want prices to go up if the question is which is better, I think in the short term etherium or Bitcoin you know theorems put on a lot of games. Recently if you look at the Ethereum Bitcoin chart comparing the value between Bitcoin and etherium, it is back to its highs of 2021 and so basically what I'm looking at is a break on that chart. If we see a break on that chart Ethereum is going to be the pretty obvious winner for the short term and with the merge hype going on. I thi
2022-08-17T14:27:34.312Z TomCrownCrypto:  Drake I am skeptical and I have been skeptical this is gonna ruffle some feathers of the merge. Overall it's a big play, it's never been done before. We've had hybrid chains where we have proof of work and proof of stake at the same time, but we've never seen something so big like etherium, completely mix it up completely, changed the rules. So I I'm actually skeptical.
2022-08-17T14:27:37.092Z TomCrownCrypto:  
2022-08-17T14:27:37.685Z TomCrownCrypto:  
2022-08-17T14:27:39.821Z piovincenzo_:  What would you say real quick? Would you say it's the biggest event in crypto history since the advent of etherium?
2022-08-17T14:27:43.799Z piovincenzo_:  Probably right?
2022-08-17T14:28:03.536Z TomCrownCrypto:  Well, it it is, it's up. I mean it's on. It'll be on the list for sure. You know it'll in hindsight, we'll know. But yeah, this is. This is very big and I guess my issue I'm very kind of conservative and skeptical. And crypto is. That's a lot of uncertainty. You know, if we know anything about crypto devs, it's that. Well, you can't trust their schedules and.
2022-08-17T14:28:34.47Z TomCrownCrypto:  You can't trust their schedules and you just you got to do it right the first time. There's no backsies, there's no room for error and that's a lot of uncertainty in the market, so this it can go either way. I'm not saying I'm definitely bearish on it, I'm just cautious while everyone else around me I feel has been very bullish on this lately and this isn't a new concept. I think Vitalik talked about this in 2015, you know, transition to proof of stake. So this is this has been coming in the pip
2022-08-17T14:28:49.429Z TomCrownCrypto:  You know, is it going to happen? September 15th. I think that timing actually really lines up well with some of the charts that I've been looking at, but my real hunch is that they're really just waiting to see the market. Have a little spark of life, and then they're going to kind of time it. Time that release with it.
2022-08-17T14:28:53.281Z TomCrownCrypto:  
2022-08-17T14:28:56.2Z piovincenzo_:  Alright, and so I brought kicks back on. Stage kicks is a Big Mac D guy. Tom, how do you feel about the Mac D as an indicator?
2022-08-17T14:29:21.581Z TomCrownCrypto:  I imagine it is a fundamental tool to my trading. I'm I'm not a huge fan of the RSI and the baseline when it comes to macdissi want to get too technical on you guys, but a huge fan of the histogram. Those are those little bars that you see on Mac D. If you if you open it up. If you're familiar with it, I think that they're a really good tool to judge momentum. It's it's definitely I use Mac D in every trade that I make.
2022-08-17T14:29:24.292Z SpeculatorArt:  Tom, don't make me fall in love with you, man. I just met you.
2022-08-17T14:29:26.683Z TomCrownCrypto:  Yeah, love at first sight baby.
2022-08-17T14:29:33.057Z allnick:  
2022-08-17T14:29:30.095Z TomCrownCrypto:  
2022-08-17T14:29:54.678Z allnick:  
2022-08-17T14:29:55.036Z piovincenzo_:  Well, we'll talk Tom. First of all, thanks for coming man. Pleasant surprise, I knew we were having sugito come today. I didn't know we were going to have a technical analyst that that speaks really well on Twitter spaces. You're welcome to come back anytime. Maybe we should exchange some DM's after this. You know what last couple of things here is like? Do you feel like so? You wrote hashtag Bitcoin in your profile, but it sounds like you're a technical trader, so I actually really enjoy speaki
2022-08-17T14:29:55.326Z TomCrownCrypto:  Hmm.
2022-08-17T14:29:55.315Z TomCrownCrypto:  
2022-08-17T14:30:01.152Z TomCrownCrypto:  Hmm.
2022-08-17T14:30:09.802Z TomCrownCrypto:  
2022-08-17T14:30:12.74Z TomCrownCrypto:  Hmm.
2022-08-17T14:30:20.394Z TomCrownCrypto:  
2022-08-17T14:30:20.697Z TomCrownCrypto:  
2022-08-17T14:30:21.974Z TomCrownCrypto:  
2022-08-17T14:30:26.143Z TomCrownCrypto:  
2022-08-17T14:30:26.397Z piovincenzo_:  Umm, historically all of this crypto stuff has been basically married to the Bitcoin having cycle like we're four times deep into that. And when you listen to some people like Willy Woo and some of the other on chain analysts that do this full time, they're they're just analyzing Bitcoin around the clock. They believe that as the the having reward becomes smaller and smaller it could potentially become less significant. However, it's looking like right now it's still is really significant. Do yo
2022-08-17T14:30:40.873Z piovincenzo_:  In in a similar way that the previous ones have and do you think that in the future we'll see the kind of crypto market sort of decouple from a macro perspective from the having cycle as that reward becomes smaller and smaller?
2022-08-17T14:31:12.021Z TomCrownCrypto:  Yeah, a lot of good points there. I'm not a huge on chain Guy I I think I'm going to start my response with this. I have been someone who has looked at the cycles. I'm crypto and Bitcoin OG and by all means of crypto. Bitcoin maximalist but not not what comes to mind when you think that and I'm going to admit that I have gotten just left and right over the last two years, completely caught wrong, just wrong. Dead wrong because I have been looking for these. You know, the same cycle that we've se
2022-08-17T14:31:42.828Z TomCrownCrypto:  Over and over and over again, different characteristics and like OK, we're looking at kind of what kind of all time high should we see after 20 K we go back and we look at the previous moves from all time highs, all time highs. So I'm plotting everything out. I'm looking and saying you know worst case scenario looking at this and this and I'm going to say it, none of it has followed the previous cycles. This cycle has not been like any of the previous cycles and I'm open to challenge on this, bu
2022-08-17T14:32:00.005Z TomCrownCrypto:  Now to say almost anything to compare it in like in any circumstance to the next, like this cycle, or if it is over next cycle. I'm very hesitant to now compared to the previous ones because it's just been a total different game. Look at the charts, the macros are totally different.
2022-08-17T14:32:03.554Z piovincenzo_:  OK yeah fair one last question.
2022-08-17T14:32:09.315Z SpeculatorArt:  Whoa.
2022-08-17T14:32:09.728Z piovincenzo_:  The the the.
2022-08-17T14:32:09.439Z allnick:  There we go. You can't do Bitcoin analysis because it's all a bunch of garbage. You heard it here first from Tom. No one cares.
2022-08-17T14:32:13.135Z TomCrownCrypto:  
2022-08-17T14:32:15.16Z TomCrownCrypto:  
2022-08-17T14:32:35.5Z TomCrownCrypto:  
2022-08-17T14:32:40.415Z piovincenzo_:  They're very funny. One last question, since you're a bitcoiner, could you see a situation where as layer two and layer three get built on all these blockchains that you know even though Ethereum, for example, is without question, the leader in smart contracts and the innovator of smart contracts and the crypto space. Is there a situation where value could accrue to the top, so to speak, and on layer two? Layer 3 on Bitcoin people build things that essentially replicate the the technological pro
2022-08-17T14:32:43.249Z TomCrownCrypto:  Ohh bro.
2022-08-17T14:32:43.776Z piovincenzo_:  Because it's the most powerful blockchain. Is that something you could ever see happening?
2022-08-17T14:33:08.564Z TomCrownCrypto:  Bro, I I randomly tuned into the to the correct show here dude this it blows my mind how few people understand this. People look at, you know if you're right is the front leader layer two. I think that will remain that way for a while. But guess what? Bitcoin can run a layer two as well the Lightning network. The Lightning Network is already functional. It certainly isn't widespread, but it is growing quickly and Bitcoin.
2022-08-17T14:33:10.572Z DepecheNode_:  There's like about 5 users on there. Congrats, everybody.
2022-08-17T14:33:12.047Z piovincenzo_:  Ohh get get outta here no let him finish.
2022-08-17T14:33:27.517Z TomCrownCrypto:  Yeah, and and like if if we add me in if you subtract me then it's like 4 so you but you're right, that's a valid point. It's it hasn't actually been put into use yet. We need to see more exchanges like Kraken. I believe in integrating it, we need to see more adoption of the Lightning network, but here's The thing is.
2022-08-17T14:33:29.225Z piovincenzo_:  Whole country of El Salvador is using it, but go ahead, yeah.
2022-08-17T14:33:30.449Z TomCrownCrypto:  Fair enough.
2022-08-17T14:33:33.151Z snack_man:  Shout out to Lazlo who bought pizza on the Lightning network.
2022-08-17T14:33:36.96Z piovincenzo_:  
2022-08-17T14:33:58.907Z sgsand1:  But
2022-08-17T14:34:00.024Z TomCrownCrypto:  I guess the main point is, man, once the Lightning network is, you know, fully powered up super saying it's going to make a lot of these other chains obsolete, there's not really going to be a reason to run contracts on another chain that's less secure if you can run them on Bitcoin and that is an inevitability. It's not, you know, this could happen. It's it will happen. We just don't really know when it's going to reach that point. I love that question, man. Thank you for asking.
2022-08-17T14:34:28.774Z sgsand1:  but but but like for example, like people are saying this with stacks, right? We're like stacks has an FTP protocol and it's not like stacks has had any meaningful FT adoption because it's on Bitcoin. Like do you really think that the people for whom Bitcoin is like the one and true and all are the same like subset of people who are going to build these? Like I've just not seen the adoption of builders on the existing L twos in like any of these sort of other parts of crypto. Whereas like on Eth
2022-08-17T14:34:31.392Z sgsand1:  Unlike.
2022-08-17T14:34:33.937Z sgsand1:  
2022-08-17T14:34:38.525Z sgsand1:  
2022-08-17T14:35:01.204Z TomCrownCrypto:  Well, it didn't make sense, you know, it didn't make sense for them to start on Bitcoin, these developers. So once that, like, that environment needs to become more friendly. Like I said, like network needs to be expanded and who knows what form that will look like. But the real like just idea of it is that's a layer 2IN that can in theory do all the things and everything else can do. And then at the end of the day, it's going to come down to, well, what kind of chain do you want to use to run i
2022-08-17T14:35:06.607Z TomCrownCrypto:  Just as user accessible whatever. Why would you not pick Bitcoin? That would be like my counter question.
2022-08-17T14:35:07.338Z piovincenzo_:  Yep and.
2022-08-17T14:35:07.675Z piovincenzo_:  
2022-08-17T14:35:10.129Z piovincenzo_:  Hmm.
2022-08-17T14:35:13.311Z TomCrownCrypto:  
2022-08-17T14:35:37.328Z sgsand1:  I guess my just to wrap on this though, like from my perspective like I guess to me it's not an argument, it's more of like we have observed that given the same like basically the same like, I would argue that stacks operates close enough to Earth that it's not meaningfully different in terms of like, for example, making NFTS, and like we have seen this play out where there's almost no stats adoption relative to ether, even other like L ones. And so like I just what would like rather than assumi
2022-08-17T14:35:45.956Z sgsand1:  I'm just gonna go to the Bitcoin L2 like I think we've just seen time and time again. They just don't so I don't know what would make that change. Is is kind of where I'm coming from.
2022-08-17T14:35:56.426Z TomCrownCrypto:  Yeah, I'm I'm not trying to argue either I and I don't have the answer honestly, like I don't have the answer. I think you're looking for. I think it's simply.
2022-08-17T14:36:28.394Z TomCrownCrypto:  It's simply like the timing. You know the timing. We say. Well, historically we've seen. Well, we don't really. Historically, we don't have a history yet. You know, even smart contracts being functional or having any real use is a very new thing to kind of say. Historically we've seen, I think, is almost assuming maybe that it has the same timeline as all of crypto or something, or you know, kind of, not maybe seeing but communicating that not enough time has passed. You know the winners and los
2022-08-17T14:36:58.134Z TomCrownCrypto:  Actually, the new ones you know who saw Luna, who saw Luna coming nine months ago. Very few people and things can change quickly here, and I think the answer is when the Lightning network offers what it should and what it can. Then people have a choice and doesn't mean they're going to absolutely go there. But I think that the this the security aspect is going to end up being bitcoins. You know, thing is, you know, people talk about currency, I don't think.
2022-08-17T14:37:10.486Z TomCrownCrypto:  And I'm a maximalist. I don't think it's really going to be about currency. It's going to be just about the ultimate collateral and the ultimate secure chain to use, you know, these contracts or whatever we're going to do with them in the future, wherever that looks like.
2022-08-17T14:37:20.966Z allnick:  
2022-08-17T14:37:31.119Z SpeculatorArt:  Let's go till 12.
2022-08-17T14:37:36.322Z TomCrownCrypto:  I'm ready.
2022-08-17T14:37:39.961Z piovincenzo_:  Well Tom, there's no question that you and me are fast friends. We essentially have an identical outlook on Bitcoin mixed with some of these other, uh, you know, crypto kind of sectors. You're welcome to come on the show every time, anytime I'm going to DM you people in our discord are joking that I finally found my guy. Anyway, we ran over because we talked Bitcoin with someone that knows this stuff and and and is not a an unreasonable maximalist here. Anyway, we we really appreciate everybody 
2022-08-17T14:38:09.857Z piovincenzo_:  I'm trying to play a song right now, and for some reason I'm getting a technical issue. This is weird. It's never happened before. Check out the show Monday through Friday, 9:00 AM to 10:30 AM EST. We talk all things NFT market and sometimes the crypto markets. And yeah, I mean, thanks for coming, everybody. Thanks to Sugito for joining us. Check out our NFT. It's pinned to the top. Check out Tom's low news that I'm thrown off by the music. But hey, we're back. Ladies and gentlemen, yo, check ou
2022-08-17T14:38:11.615Z piovincenzo_:  Yeah man.
2022-08-17T14:38:14.166Z piovincenzo_:  If you pass.
2022-08-17T14:38:15.335Z SpeculatorArt:  Node mode tomorrow 2P O node mode.
2022-08-17T14:38:16.719Z piovincenzo_:  No go tomorrow.
2022-08-17T14:38:18.275Z DepecheNode_:  Let's go.
2022-08-17T14:38:19.217Z piovincenzo_:  Any given Friday.
2022-08-17T14:38:23.283Z piovincenzo_:  You wouldn't have FaceTime you looking.
2022-08-17T14:38:25.971Z piovincenzo_:  So step back because you ain't one.
2022-08-17T14:38:28.046Z TomCrownCrypto:  Thanks for having me.
2022-08-17T14:38:30.806Z piovincenzo_:  
2022-08-17T14:38:30.943Z TomCrownCrypto:  Do something good for yourself today guys time out.
2022-08-17T14:38:35.58Z piovincenzo_:  To the back of the cat in the hat.
2022-08-17T14:38:41.554Z piovincenzo_:  So be careful before you end up on the news every time that.
2022-08-17T14:38:43.606Z piovincenzo_:  We got enough.
2022-08-17T14:38:47.392Z piovincenzo_:  Coming this month.
2022-08-17T14:38:49.583Z piovincenzo_:  I got nothing.
2022-08-17T14:38:55.437Z piovincenzo_:  My crew, when we cruise like we got nothing.
2022-08-17T14:38:57.292Z piovincenzo_:  
2022-08-17T14:39:03.458Z piovincenzo_:  
2022-08-17T14:39:04.856Z piovincenzo_:  Lots of my crew.
2022-08-17T14:39:06.543Z piovincenzo_:  And ain't nobody there.
2022-08-17T14:39:08.565Z piovincenzo_:  You're smart.
2022-08-17T14:39:14.014Z piovincenzo_:  Voice, just in case that you missed.
2022-08-17T14:39:18.515Z piovincenzo_:  So put you back to that guy in heaven.
2022-08-17T14:39:35.952Z piovincenzo_:  Quite likes bright light.
2022-08-17T14:39:38.195Z piovincenzo_:  Because my.
2022-08-17T14:39:41.944Z piovincenzo_:  Clean seeing I'm hungry for clean.
2022-08-17T14:39:50.31Z piovincenzo_:  All around the city.
2022-08-17T14:39:54.618Z piovincenzo_:  Like we got nothing.
2022-08-17T14:39:55.654Z piovincenzo_:  Hate speech.
2022-08-17T14:40:00.354Z piovincenzo_:  Coming this month where we cruise, see, I ain't got nothing.
2022-08-17T14:40:06.193Z piovincenzo_:  Kitty smoking blunts in my crew. When we cruise like we got nothing.
2022-08-17T14:40:09.722Z piovincenzo_:  Coming this morning.
2022-08-17T14:40:11.732Z piovincenzo_:  Ninja.
2022-08-17T14:40:15.706Z piovincenzo_:  To my crew.
2022-08-17T14:40:18.411Z piovincenzo_:  Just like lazy show up like.
2022-08-17T14:40:25.642Z piovincenzo_:  Stop trying to chase me with Tasers, I'm running.
2022-08-17T14:40:26.787Z piovincenzo_:  Trimmed and I'm dipping.
2022-08-17T14:40:27.771Z piovincenzo_:  Gordon
2022-08-17T14:40:31.11Z piovincenzo_:  She's not white.
2022-08-17T14:40:32.714Z piovincenzo_:  What you saw rappers?
2022-08-17T14:40:37.722Z piovincenzo_:  You talking shit.
2022-08-17T14:40:39.776Z piovincenzo_:  Specific.
2022-08-17T14:40:46.627Z piovincenzo_:  No, we're squeezing the wickedness, motherfucker.
2022-08-17T14:40:52.281Z piovincenzo_:  Peeling your wigs back. Yep, so where did?
2022-08-17T14:40:53.63Z piovincenzo_:  Ohhh wait.
2022-08-17T14:40:58.674Z piovincenzo_:  It holds enough Bacardi yet, because when I start to
2022-08-17T14:41:00.443Z piovincenzo_:  Over.
2022-08-17T14:41:02.158Z piovincenzo_:  Nice then single.
2022-08-17T14:41:04.198Z piovincenzo_:  Like we got nothing.
2022-08-17T14:41:08.666Z piovincenzo_:  Speech, so to speak. It's overcoming this month.
2022-08-17T14:41:11.406Z piovincenzo_:  King got nothing to do.
2022-08-17T14:41:13.828Z piovincenzo_:  Smoke a blunt.
2022-08-17T14:41:16.673Z piovincenzo_:  When we cruise like we got nothing.
2022-08-17T14:41:19.048Z piovincenzo_:  Be sure to speak.
2022-08-17T14:41:22.927Z piovincenzo_:  What we call Siang got nothing.
2022-08-17T14:41:24.227Z piovincenzo_:  The one with all.
2022-08-17T14:41:26.57Z piovincenzo_:  You smoke a blunt through my crew.
2022-08-17T14:41:32.81Z piovincenzo_:  Just keep wanting.
2022-08-17T14:41:41.407Z piovincenzo_:  No.
2022-08-17T14:41:53.823Z piovincenzo_:  
2022-08-17T14:41:52.298Z piovincenzo_:  
2022-08-17T14:41:53.853Z piovincenzo_:  
2022-08-17T14:41:58.36Z piovincenzo_:  
2022-08-17T14:42:01.109Z piovincenzo_:  
2022-08-17T14:42:08.721Z piovincenzo_: