Hey, inquisition, something a little bit different on the podcast today, right? And I were on the all coin daily podcast on the other side of the microphones. So this is that episode coming to you in the bank with pocket feet. So if you want to hear what is like for run and David to get interviewed, you are about to hear that right now. So let's go into the all coin daily podcast right now.
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D X to notice once D X unlimited, welcome back, everybody. All coin daily, joined by the men. The legends need no introduction.
The bank less guys are David and ryan. Thank you for join me. Honor the .
heavy here.
Oh my god. I said it's great to have .
you guys the .
number of times on somebody other, somebody else's podcasts like for.
yes, very rare. You know that's a great segway because I know a lot of people do know you in your names on the space. But just what is your background? Like how do you get in the crypto and then gypt to media?
Yeah first my first job. My first like my background is cyp to, uh, I was trying to get into a career in the world of a like health sciences beforehand, but I never really uh got that whole thing started because I just got side truck by crypto. Like pretty soon in my career, I think I became like full time cyp to twenty four years old. So there's like three years of like post college, two years post college and then can cyp tu graduated in twenty fifteen, a found critical in twenty seventeen and then like one full time cyp to in twenty eighteen. So yeah my background descript up.
It's kind of what we did go and full time in twenty eighteen .
yeah what .
are you guys before I kind of like your previous lives.
you that ryan, he will drive the podcast sorry.
No, my codes here, I thought is so interesting because like I would say, everything he did, priority crypto o is actually still applicable here because he was informally has like experiences, basically like a social worker, therapist and a psychology gy degree. And these things are key to understand .
egyptian markets, definitely .
psychology. And we still need your background, right, how our original uh was a basically all we graduated underground, we studied filmmaking and marketing. We moved out to los Angeles, pursued uh film making and acting when the union did a um in a hand full of stuff.
And uh you know the thing is in the film making business, there's a lot of gatekeepers and discovered clipt to youtube where you can post as much as you want, no gatekeepers, crypt on general, no gatekeeper. So more you put in, the more you can get out. And um you know at the time H I discovered cyp t to youtube as a retail participant in twenty seventeen.
And there are some good ones. You know ivan on tack was back. There are a lot of good ones, but there were some, in my opinion, where left me wanting more. And I thought what I can do, I prep the youtube channel. Alf, as good as some of these guys. And h, so decided to start, I don't know at the time, but the very beginning of a deep bear market, at the very beginning of twenty eighteen, we started the channel.
Yeah, time to do IT .
actually. Are you.
David, please?
Right right, right.
Yeah so I get okay. So I discovered bitcoin, I would say through like a twenty fourteen prenez one trip. So um I had these things called cluster headaches that a just sort of kim on me and like cluster headaches, if you're not familiar they're sort of like is like the worst headache and maintain um so people describe these as like suicide headaches because like when when you're in the midst of a cluster headache, like you just don't want to be alive in that moment anyway.
Um I was having these and one of the the potential treatment options was to go on like trendy zone, which is like A A steroid and during IT like thanksgiving weekend, prenez one for my cluster headaches kind of trip IT IT caused me to get intensely focused and I fell down the rabbit hole of um of crypto and is specially a bitcoin now the good news is my cluster hicks one away actually this treatment worked. Um the weird thing about IT was like I did every andress anos us and anopheles um like youtube thing I could get my hands on. I went and I read like his book like I opened accounts with like five crypto exchanges for whatever reason.
Prenez one just like gave me intense focus is only like like this meal rilling thing. And by like monday IT was like a long weekend was the thanksgiving weekend. I actually wanted to quit my job and go all in on this bitchy thing like IT was that powerful for me because i'd been totally captured.
Now I know if that was the drugs of the ideas but like once I was off this um IT didn't go away um but the thing for me was like bitcoin was interesting but I could only do one thing which is like what do you do with bitcoin? You just like hold IT and so I was still working this job. I didn't like give my notice on monday.
I kind of hung in. There was a corporate job. So I was working in medical software attack. I'd formally been sort of an entrepreneurship, the company, big corporate environment, and I and I stayed there.
But in the meanwhile, I was doing all of my, like nike weekends hobby time, researching this new thing that was coming alive in two thousand and fifty and two thousand sixteen which is a theory um and the potential for a theoria was so crazy to me because with with either in a theory IT wasn't just about just holding an asset. IT was about actually doing, we didn't have the words at the time, but like decentralized finance. And there is this thing called a dow and they were organizing.
I was just like, there many more possibilities here when you have a programmer money system at that point, I was like fully captured IT didn't require second pretizone trip to, like go all in on trip to and so that's what i'd decided to do in like twenty, sixteen and two thousand seventeen was just like, quit my job, make this my focus. And I didn't know exactly what I wanted to do at that time. I sort of thought I wanted to, like, start a friend or something, you know, be an investor.
Everyone did at twenty seventeen. And then twenty eighteen hit. And I was like, oh, shit, I was I wrong about everything you guys remember twenty eighteen IT was bleak.
IT was desole. That was my cluster headache.
exactly. I mean, IT was like, IT was so painful to be there at that time. And in the midst of this, like rediscovering my thesis and why I was here, David, I met, and we'd come to some similar conclusions, like he was writing, and like, his right writing was fantastic.
We met twitter, and then one thing LED to another. And suddenly Davids, like, writing articles for this new thing. We called bank less.
And he's like, k. Ryan, want to start a podcast. Now here we are with like almost a thousand podcast. I think i'm bangles up to this point.
Wow, a thousand episodes.
I think we've stopped counting, but there's a lot of them.
There is a counter and IT we're at like nine hundred and fifty something.
David, where here's our counter .
close it's on lives in I shot you .
after guys like we're all bullish on clipped to a long term, just up for twenty twenty five. What is your outlook? What do you think would be the strongest narratives?
H, I think the final conclusion of all crypt al narratives is always the irresponsibly of um central banks um and I think we probably are going through like phases of the responsibility of central banks where covet was extremely responsibility matched with the some sort of reaction to that of an attempt to be responsible.
And I think right now, uh we're going back into an era of the responsibility um and this is just the hardening and then the softening of the money cycle, right? This is also the business cycle. Um but like things always try more and more irresponsible over time. Um and so like it's it's like a random walk of drunkenness. Ss by the federal reserves, by the central banks. But the conclusion is always just like there all fio currencies are going to ultimately to drop to zero in real terms and the dollar probably be the last to o but even the dollar is on top of cyp to rails and so people escaping people escaping the the collapse of their Young currencies will use clipt out to access the dollar and then they'll be piled by the cyp du in general to access bitcoin and either um uh and I think in twenty twenty five specifically, we are resuming like a not we don't have a crisis, I code, but we are still resuming just irresponsibly around the money printer. And I think that's kind of mark twenty twenty five.
I mean, i'd pretty much agree with that. I think like twenty, twenty five is like twenty, it's sort of similar. I think so like my base prediction is like bullishly twenty twenty five. Like this is the next two cycle for a cyp du.
Um I think something that could delay IT towards the latter part of twenty twenty five or even worse case scenario like I could be wrong is some sort of recession that could happen again. We don't read the macro g leaves because like the entire bangles thesis, investor thesis is just like long term bullish on crypto to assets, particularly those that are their money in store value types of assets. And so whether we get the bill cycle in twenty twenty five or if it's delayed you twenty twenty covet style by some sort of recession, it's coming back.
I mean, this market cap is only two trillion dollars and just scratching the surface of what is going to be in, particularly because of exactly what David said. Even if we get a recession, the way out for like monetary authorities and governments all around the world is going to be to press the money printer button and you could see it's totally prime. And so that's going to be on the other side of this and a crypto in comparison to that, we will just gain more and more legitimacy, uh, in in the years ago.
So bitcoin, as this hard monetary asset getting adopted sounds like your owlish in twenty twenty five. I I see you guys ask this question all the time that the quintin central bitcoin Price prediction, we asked this to our guests all the time. I'm sure you hear like A A spectrum of uh, theses for uh you know where a bit point could go in twenty twenty five but what is your kind? Baseball or bear prediction around big coin.
uh, at least six figures, six figure. Bitcoin in twenty twenty five, like as a floor, as a floor flour Price, this kind of my take I don't I think estimated the upper bound of the coin is pretty high hard because I can just be so chaotic up there. But as a floor, I think six figures is pretty safe.
Yeah, I would say I feel like between one hundred and fifty k and like two hundred fifty k is kind of like the range i'm thinking of. I know twenty, twenty five inside twenty, twenty six right is kind of arrange. I think that's something that's probably a bit more contrary.
That's like more of a bank less belief is like we actually remain bullish, ed, on either the asset um despite what's no going on encysted a twitter. And part of the reason for that is because this has kind of been a bank less chance since the early days as well. And like this, very excited about desegregate finance, like bank lace money systems, also very excited about either as a store of value.
And so the thing that may be more contrarian is like eat to ten k in twenty twenty five or like beyond ten k ten to fifteen k is a real possibility in the table. And I think a lot of the general crypto listeners in the market is like fading eat right now. Um so I have you talk talked to me, we're probably bullish on the bitcoin youth ratio like pretty heavily and that's that's a confirm a trade right now.
why? So abolish on eat today. We're all bullish on eat. But I guess talk to those people, there are now big island aheads or cardona heads. What is the the thought process for eat specifically when he does have all this competition?
Um mainly because it's been faded so hard like a part of the answer, simply just because of the relative Prices of these things uh the east bacon ratio is that like coming up on a three year low uh laws that we haven't seen since. Like before defi was like known as like a once a part time dei was like a niche etherium thing and then in twenty twenty and became a global old. And this is what cyp du is kind of think defy for everyone.
Everyone and everyone wanted in on defy. And like the eat piton repo is currently at evaluation. That was like before defi was even understood by the entire crip industry. So like we're going back in time to a point where just like fundamentals of the completely misunderstood, where when I started the bank was podcast to like basically espouse about the dislocation of the fundamentals of the serum in the purpose of defi, right?
Um and then there's so that's a bit point the on one into the speakum and there is a thereof that like a theory is squeeze big coin sucking up the monetary properties on one side of the public spectacle, sucking up the execution powers on the others are how to the spect from in a serum is in this like weird no man's land in the middle and and is getting just like a barbell on both sides and there is always been like the authorities barbel perspective uh I ve always been of the opinion that the unity of all of these things is actually far more valuable than the barbells of these things. Uh, if there either is Better money because it's intimately connected with its own financial platform, its own defy so on, I can sure can execute very well. Uh, is execution capacity is very, very strong, but it's never going to be able to be as strong as a theory or later two that the whole point of the a theory layer two model, even the theory m layer one at the end of the day is also going to be the first one to actually land a uh Z K vm that's robust on the year and layer one. And so it's also going be able to execute fast on at the layer one given enough time. Uh, basically going back to like something that's always been true, which is the theory just has kind of just all of the researchers of the critter space, just invest where the researchers are like that we are on a new frontier of of like expLoring this new world eco pt to economics like to go where the researchers are innovating and that's .
definitely there is and um a theory um layer tools. Can ua help us understand this? Because I see some detractors saying that all theory layer tools are kind of sucking up value capture from the main chain. How do you get .
think about my my idea here is and this is actually been identified by pollentia was an in theory um kind of like a jacon researcher kind of community r he was saying this on a his blog forever ago uh the idea here is that like syria has layer one execution. We are used to be predominantly doing our dev activities on the A C M layer one and therefore producing fees for the serum layer one. IT would make either very deflationary.
And now a lot of that defy activity that general financial activity is moving on to the layer two, leaving nothing much for capon the year one. And so like detractors will say, base is actually like intercepting a theory. Ms value capture.
Arbitron is intercepting a theyre ms value capture, like arbitral of these sequence or fees. All these chain fees are going to the arbitral or to the coin base. p.
nl. And nothing is left for a theory. At the end of the day, this is the role of centric roadmap. This has been the plan. The idea is when you take thermal business model of the execution fees being burned by IP155 h nine, and you democrat tize that to a permissionless set of layer tools, all the side.
And like all of these later tools are super profitable as a business is like the best business in the world is you to resell the bet most valuable blocks space in the world, the um layer one, and you resell as your layer two and you just pocket the difference. This is the most sustainable replicable reproduce able business model that has ever been found cyphered. And what do you get when you provide all those properties together? You just get a complete blossoming of layer tools.
And so this is where if if turns into money, uh because the a theoria monetary network, the authorities property uh probably rights network has this just like, you know, chain of chains, this literally internet of chains that all collapses back down to a theoria. And the the argument here is that what people can still say, well, at the end of the day, like the fundamentals, the fees, the deflationary nature of either is actually still does. That doesn't solve any problems. My response to that is like actually every single chain is on this road map. Bitcoin is on the role of centric road map. Solena is on the role of centric road map select a is on the roll epson tric road map and actually credit to less yes is the only one that's on the road c road map and actually knows where as bitcoin in solon a are on the role of centric road map and are in denial about IT and think they're on something else so like there's if you roll the dice of crap to you will always get the role of centric road map that's not atheists invention is actually atheist s discovery any theory is as much further along on this whole entire path.
Ryan, this cycle specifically same question. But also I wanna extended also to our do you think a thereon and flip big coin in the short term .
this cycle is gonna be tough to flip bitcoin H I would say um so I am still a believing this is again a minority opinion that one day either will actually flip bitcoin but that could take many years to play out and the reason is just like I am super uber bullish on defy is the whole thing, the whole cyp ta thing and this is the thesis for benglis is like defy is a big deal.
Store of value is just a subset of decentralized finance, right um a theory um can do the super set IT can do store of value and you can also do the other money verbs the land, the borough, the trade, all on chain all in a decentralized way right and a theory alone as a smart contract platform, the reserves similar censorship resistant guarantees as like bitcoin, I think there's a lot of competing, let's call IT slayer, ones that are actually more like open finance type systems. And by that, I mean, like yet, sure, you're onna get stable coins on there. You're onna get real world assets on there.
You're going to get like game tokens and like maybe mean coins. But this is going to be censorship resistant to government attack. For instance, like if you deployed a torino cash on sona, i'm not saying anyone should do this. This is illegal, whatever all these things as I.
But if you did that, how soon do you think that would be until the validators say hope or not processing those transactions on a theory for the good and the bad, those transactions cannot be censored by a the most powerful government in the world, which is the U. S. Government saying the oax sanctions that is a testament to the censorship persistence of the theory.
Um and that's like what define means to mean that's kind of the distinction between decentralized finance and open finance and you like even the traditional ed world. So I think that's important. I would say three things about catalysts in the short term for either the asset.
One people don't understand right now, eat is money. They just don't, okay. So digital gold with productive yield, that's the mean that has not been exported and exported to the world.
So to me, that represents upside because that how I see IT and that essentially like what IT is, digital gold with eel, that's barely understood. A second thing is there's going to have some upgrades probably in twenty twenty five that are going to stimulate roll up development. A data ailbe's stimulus already did one of these stimulus early in the year where I provided blob space and that's why I roll up transaction fees have gone to zero.
It's going to introduce a new stimulus, uh, for roll ups and bring transaction fees closer to zero, increase the the truth of them. The rule of strategy has been unsung success of a theoria like note, poke out, tried Cosmos, tried all of these other ecosystems. Try to a execute on this hub, this chain of chains type vision.
Only a theory um is actually doing IT a wish shared security. And people are now looking at a successful road map where you have like base transactions, orbital transactions, orbit like h optimism, Z K sink, all of these z caps. They're looking at the success of this and they're like, uh, embarrass, eat.
That is ridiculous to me and only a matter of time before the market wakes up to that. And then thirdly, I think based rule ups, you're actually going to be a big deal on if your listener is. Um explore the sides of the the new roll up frontier but it's basically a roll up that uses as its sensors the authorial validation set is much more aligned form of a rope with eth value a cruel than the traditional rolls and it's not fragmented.
Complete interpretation ability. And so I think we'll see some existing layer tools, a convert to based ropes in the future. We'll see a blossoming of a new bed rops. Anyway, like I look at the eat strategy and everything that's going on and like this is all going according to to plan. And eat is going to be a digital gold and will grow value as the author an economy grows.
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smarter with unsound. So when will the market wake up? Do you think to the fact that the theory is money, theory is programmable digital gold, gold, that the theory is defi? I mean, in the context of twenty twenty five cycle you said one hundred k David forbid coin one hundred fifty K H ryan body guys thinking for a theory.
I mean i'm still i'm still at you know ten ten k plot like ten case but barish type of take like if we don't hit ten k in this cycle, then um like you have no other option other than to kind of load up the truck and buy more because it's stupid. Like I think that the baris scenario for a serum now, whether we fully kind of propagate the narrative and whether eth receives the the value call that it's do this cycle.
I'm not sure bitcoin has done a fantastic job in terms of narrative propagation and you have to hand IT to them. I mean, the bitcoin conference, they had trump speaking. We have senators like senator luma talking about A A strategic reserve of bitcoin. This is like, this is like so bitcoin has out executed a serum on every level with like the the store value narrative. But to me that's just the market kind of underpricing the narrative potential of ethos money.
But I mean, I guess to directly answer your question, I think the market will will start to realize this in twenty twenty five and we might see kind of a ten to fifty k eat Price um but IT might take more time. So the timing thing is that the only question, but I don't care, is just like hold and stake. And if it's under prize, then that's just like a you know fantastic opportunity for for acquiring more either.
This is a me out there, I think from a mean to lemony who called uh big cognate the spartans and uh theory on the authentication, the illusion here was like the spartans are all just completely in unison, pointed tours, a direct like a focus school now in the movie, in the three hundred movie, i'll do the same chain at the same time. Uh, and then the authorities like this partner will go after the ethier.
You like, who are you? And one of the union would say, i'm A A black smith. And then you go to the next of the year.
And they like, who are you? Like, I am a farmer. Next guy I go. I am a little leather smith, whatever, just a disconnected, desperate, just like group of people with different expertise and different directions.
And the author nearly, if I think, is very similar, this is like who the cord bs are. This is who the authorities culture is, like a very plural culture that has different values and different focuses. And you know, you know, the bitcoin has one narrow, which is bitcoin digital goal for the internet.
H, that's why, like people buying the I bit from black rock is so easy to cells, is like a digital gold on the internet uh and in theory um even like our own road map, our own internal community is always split amount like seventeen different directions. Two theory. Ms benefit I think, but I think it's a very long term benefit.
It's very much like the long game. Whether you have like to eat is money camp who's like yeah eat is money uh and like there's another camp of the um over there who like just doesn't care and they're actually building like a decentralized social media social graph protocol and they all just like use usc but for whatever. And I think this strategy is like emerging strategy.
This emerging property with thereon is actually why this serum is so uh a such a good fit for like my personal values and what I want to see out of the internet. Because the theory to me looks the most like society IT looks the most Normal, or as bitcoin has got to super homogenous group of people with a very narrow set of values, same thing kind of with salona like a very narrow set of people with very homogeneous values, not as homogenous. Is bitcoin still kind of like constrained? And the theory is just like this very pluralistic open network of people.
And the way that this turns into like, uh, like the conversation around the east Price, is that like I I can I think I could be a really long game for either to really win the mind of money on the internet, but I think theory has the properties of money on the internet that will inevitably like arrive at because this like new community of of differentiated people with different people are on the same network. And if everyone's on the same net k, everyone with different values are on the same network. That to me that this is like a long term, long game of just like winning monetary properties.
Ryan, lets say you have a thousand dollars today and you put nine hundred of that into a theory um you have a hundred left cannot put IT into islam or bit going what's another l one what's two other l ones that you think you're doing the right they might put fifty infected.
Well, funny question.
Yeah good question. I mean, David uses as a line of like, by the way, we get to come on other podcast and be like like sounds like eat crazy eth maxie right and that's what people accuse the song.
But like we are deeply expLoring uh, other ecosystems all of the time um and I think there's some really interesting ecosystems uh, emerging and David uses this line like the the l one trade one trade is always on as because like basically you know bitcoin sets the Price for a theory um and then like a theorem sets the Price for alternative that can become a thorium right and so i'm really excited about monad. I think that that uh is growing a community ecosystem, unfortunately doesn't have a token that's available. But like I think that's one that's going to game some steam one.
Well, it's just it's at first, it's evm compatible, right? So you get to leverage that network effect directly and then you have transaction fees you like and through put there is similar to the level of what sona promises with with fire dancer. And then you already have like um oni the the founders already cultivated like kind of a cult type of community as just like a lot of engineers for success here is like I think that the worry for a sona right now for for example, is all of these new alternative layer ones that are kind of like entering entering the scene in addition to the the layer tools as well.
So I may I guess you can't buy money unless you like a credit investor, like to its determent. But like I think that there are some high through put chains that I would bet money on with that remaining like ten percent that are like fairly low market cap in comparison to a theory. But like I wouldn't hold that forever, all right? Like I I would then go back and eventually cycle those gains back into a Better cyp t of denominator, which is something like either David.
uh, so yeah, I think the game now is, uh, the of the old layer one trade. No, the old layer r one trade is dead long live the old layer r one trade. Um is now we're trying to identify whose number.
So bitcoin either think most of the market will agree that song has kind of clinch number three um if probably need some more time to formally clean trip, but you know it's it's onest way there. Ah so now now the game is like, right who's in the one number? Uh and I think now the answer is going to be the h either the fastest E V M layer one or the fascist move chains. So I like going to be um monet and say we try the two V V M ones, one of those two or appose in SUV, which I think are both move. Um I think those are the two really like these were the category have collapsed down to so fast E V M fast move one of those two.
One more question then. I know iran header questioning um but um did you guys see mirth's talk at token twenty forty nine?
I saw the title of you.
I know I saw the title of IT and I like known mod for like he's actually one of the first people I met at a ecliptic conference like twenty.
seventeen and twenty people think marad is new, not new. He's been around.
I had a fund previously. Fun fact.
I remember we needed that podcast with pump way back in my twenty seventeen. I was like, big point. Explain for beginners.
I want to my mom.
this is a great one. Anyway, you don't watch the thing. But he essentially laid out in fact in detail the bulcke why mean going? Why retail prefers mean coins, which we already kind of figure IT, but like the the data to back IT up. In fact, just what your take unmeant coins into two, five.
I don't hate them. He's probably right. I mean me coins are gonna like I will perform a lot of things if you can get kind of like the right mean coin and you can play that game by like sort of speculating on the um the blue chip me coins, right there's kind of like bet bet on the church mean coins that already have following rather than the cult mean coins that are just like super speculative and and you don't know so I could see an allocation to mean coins. That said, it's hard for me to justify like domaines my wealth in mean coins, right? So I like if I were to approach that, I would approach IT as as a trader and you sort of doing a like a narrative uh cult community almost like a you betting on a new religion type of investing that's like is I had a omy call IT investing trading that's a little bit forming to me so I don't partake but like also he's probably right.
Old coin daily is um the number one crypto youtube channel in the U. S. bank. Less is the number one crypto podcast in the U S. What is the secret guys to getting where you are? You guys do great work if you couldn't part some practical advice on our listeners, what would you say is the secret to growing a successful crypto podcast?
God like there's a handful of things that I think we have accidentally done, right? Um I think we I got lucky just by finding each other and you have being able to do this and have fun like if we ouldn't be doing IT, if I wasn't um fun for us. Like the weekly roll up, I think is the most consistent thing that we do.
And it's also kind of like the most fun podcast that we do because we're just like shoot in the ship basically while we're recording that we're in like we try to make IT like a little bit funny at the very least. And so that produces some level like sustainability. Um uh we also just really want to do we're also just long forming people like both right? And I were on podcast consumers before we started a podcast and always long foreign dcs.
We always like Harris, lex, red man, uh, some of these really like inherently curious people and I think right are also both inherently curious. So we're inherently curious, long form people that are having fun. Uh and those three things amonges many others are like really good foundations.
A to like make this whole thing to say anything because at the end of the day, you if you're gna have a podcast, you will be consistent. Like we've been doing three epo des a week for four years. Um like you whatever do whatever magic ingredients you need to make that happen is is part whatever the answer the secret is.
In addition of consistency, i'd also add another see which is like curiosity I mean like the bank less podcast is just like basically open sourcing our crypto journey. That's kind of what IT is. And so the questions that we have on the frontier are sort of we just just assume that those are the questions that our audience has.
And so staying curious in the space uh without getting locked into a specific in like focal area, but also having like some another sea conviction about how the space is going to play out. I mean, the reason we think crypto exist that the thing that ought brought both given night together and you is the reason for the bank less podcast is, uh, decentralized finance is like says is in the name is all about our ability to go back less. And that has been the consistent message from day one.
And so we see things like bitcoin, the syrian salona oas tools to help the world go go bank less. And that's always going to be. And husband, north star for us.
My final question then i'll let irn bring him home. But you guys had a public tiff. I get with Charles husk and cardona. Could you just give for the community? What are your thoughts on cardono, the community, the C E O, the founder, founder founders.
I think cardanus is a funny emerging property of the modern internet when you mix IT with critical currency.
Ah I guess my take on IT is I would love to have a Charles on the podcast and I don't know why he won't come on the podcast. great. It's weird. Every time we just try to do that, he will spice together eclipse of like us just like edited to like saying bad things about cardono and like got these things. There is one time I was .
on a podcast and somebody else podcast without you, I called cardanus. Well, thanks.
David.
Yeah so part of that on me, I just .
think it's an opportunity for Charles to just be like if David saying IT of people are saying that, saying on and talk about there's not a gotcha question. So I always reverts to like something we did in the past that's unfavourable and like I don't know, I would just love to just do a reset a and have Charles on.
I do think hardon a has some interesting properties specifically with respect to like the distribution of a human mental decentralizing. It's super distributed and there's like an active live, a staking community and is actually a lot more dealie ed. Um then I think a lot of people give IT you credit for still waiting to see the emergence of applications on top of IT and like those are coming T M.
But like uh, the deal deal zone properties of cardono are actually like a lot Better than a lot of chains. So maybe maybe we could clip that and that too, Charles, seek that helps. And what we're at IT.
you know, obviously collapsing talking, we'll be the best option. But David, any possibility you want to do a fight croit combat style fight.
which was hosted in in there you go.
So i'm doing this crude combat fight with king warrior, uh, because I was almost going to do a crowdy combat fight with the Carter and then like two weeks before that, I would the Carter. I broke my rib, uh, and then I had all of this like two months of training that I was like, well, of like I just, what did I do for last two months and just not going to do anything with this in scheduled his fight and so I reach out to work with, say, hey, can let's like, let me book and I hold like craddy combat thing. Let's fight permissionless he accepted that's happening in like ten days and then my plan has always been to like stop and go back to what I Normally do, which is like climate tins and like do P V E of and just one .
more fight, David. This is a very long way.
I I just one more fight my way .
into .
is my current plan.
Big boy is another chAllenger. By the way, if you're very interested.
the boy is going to eat anson face.
Do you see it's happening? Big boys .
apparent, apparently is happening. Yeah, yeah. Big boys is going to kill that guy.
wow. Big boys gonna try and and some not going to try. So ansom is much bigger. But I mean, my money would be a bit boys well.
But I think big boy has like extreme levels of internal motivation. But I don't I don't think you yeah I like big body, like gives a lot and I don't think and .
some gives a fuck.
Gentlemen, my final question. Thank you so much for joining us today. Guys, everybody go subscribed to bank list below, follow the twitter and youtube.
Uh, final question, just general best advice for crypto investors coming into the space today. But practical, doable advice. Would you in .
part don't take leverage? Large leverage is a drug you'll get addicted.
Is that from experience.
Steven? Oh, like my first discovery is like, wait, I can just print die. I can mean die.
That's so cool. Wait, how how much die can I mean, can I mean, all of the die? Yeah, that was my first, first, first to defy.
I mean, my take would be like a flix sort of a ecliptic a boomer when I say, just like a long, long term, long term, long time horizons with respect, you're investing and so you can play the short term games, but realized that that kind of the game. The majority of your portfolio should be a allocated towards the things that you want to hold for, like five year periods of time and and ten years periods of time. I think that's that's important.
And along those lines, think the information that you consume, uh, you know, we will kind of like you become what you consume. So choose very carefully what what channels you you like consume, how you subscribe and like make sure that the people who you're listening to also have the like the long term horizon holding patterns that you do, or else you'll just like aid into really bad decisions. And we've en IT happening. So seen that happened so many times in crypto.
L I love IT. Thank you guys so much. That's why I subscribed. Do you guys .
um thank you a position.
Thanks, guys.